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2025-03-31-accounts

REGISTERED CHARITY NUMBER: 1166443

Report of the Trustees and Independently Examined Financial Statements For The Year Ended 31 March 2025 for The Creative Dimension Trust CIO

The Creative Dimension Trust CIO

Contents of the Financial Statements for The Year Ended 31 March 2025

Page
Chief Executive Officer’s Report 3 to 6
Report of the Trustees 7 to 11
Report of the Independent Examiner 12
Statement of Financial Activities 13
Balance Sheet 14
Notes to the Financial Statements 15 to 22
Detailed Statement of Financial Activities 23

The Creative Dimension Trust CIO

Chief Executive’s Report for The Year Ended 31 March 2025

Annual Report (2024-25)

ABOUT

The Creative Dimension Trust is a Charitable Incorporated Organisation (registration no. 1166443) established in 2016. TCDT offers workshops designed to give talented young people the skills and confidence to pursue a career in which core hand skills - i.e. a high degree of manual dexterity, draftsmanship and the ability to understand and (re)construct 3-Dimensional structures - are prerequisite.

The workshops are taught by Craft Specialists who are acknowledged leaders in their professions. These are not kid’s art courses – the goal is to learn, experiment, gain confidence, take inspiration from the best, and have exposure to career opportunities. Students gain an awareness of what is possible, and how to achieve it.

In a world of school budget cutbacks, emphasis on STEM subjects, and too much time in front of screens, underserved students are simply not getting opportunities to build fine hand skills and think in 3-D terms. These skills are not only necessary in creative industries – a huge job market – but also in careers in architecture and medicine.

TCDT is lean with minimal costs (limited staff, no premises). Constant cultivation of existing collaborations and building new ones brings access to free materials and venues. Our stable and dedicated Board has ensured steady progress and the attainment of fundraising goals while our activities remain practical and within our resources.

TCDT receives almost 1,000 applications per year . Last year, we were able to offer over 500 places on workshops and work experience. Since inception, we have reached over 650 schools and taught over 110 different skills.

Page 3

The Creative Dimension Trust CIO

Chief Executive’s Report for The Year Ended 31 March 2025

Workshops

TCDT started with straightforward skills workshops where young people could learn from world leading experts for free and learn more about careers possibilities. We were not deterred during the pandemic, having responded by mailing out care packages of materials and delivering tuition online. Students use work completed during workshops to support applications for course places, work placements, and jobs.

New workshops included Engineering Drawing with Heyne Tillet Steel, Tassel Making with Wendy Cushing, two new Embroidery workshops led by artist Lucy Newman, Special Effects Makeup for Film and TV with Keira Mayhew, Gilding with the Royal Collection Trust, Gilding with the Royal Household, Civil Engineering with akt II, and Furniture Making taught by Emma Leslie.

We also continued to deliver exciting workshops with our longtime collaborators, including Fortnum & Mason, Hand & Lock, The Goldsmiths' Centre, Allford Hall Monaghan Morris Architects, Bill Amberg Studios, Floris, Building Crafts College and Shepherd Bookbinders, plus with our world-renowned tutors Sarah Hocombe, Adam Williamson and Iain Scott Kettle.

Since 2020, TCDT has offered an accreditation programme to give students the opportunity to earn a respected and valuable credential to aid their career progression. The key is to evaluate whether students transformed a 2-D concept into a 3-D form, and how well they achieved it. Students are evaluated on the following transferable skills:

  1. Manual skills: including accuracy, appropriate use of equipment, technical problem solving and dexterity

  2. Visual sensitivity: including observational skills, sensitivity to different materials and understanding of their use

  3. Organisation and planning: including following a brief in an allocated time and related quality of final work

  4. Focus and concentration: including attention to detail

  5. Teamwork: including ability to work alongside, and at times, together with other students and attendance Students receive grades of Working Towards, Pass, Merit and Distinction and written evaluations to guide their next steps. Tutor experience suggests that accreditation motivates students to be on time, ask more about what is expected, and work harder to achieve grades. Parents are also more engaged. Students are encouraged to enrol in further workshops to continue to broaden their horizons.

We ask students to complete a questionnaire at the conclusion of each workshop. We recently improved the questionnaire to make it easier for students submit their feedback and will continue to take their comments on board to ensure we deliver workshops of the highest calibre.

Page 4

The Creative Dimension Trust CIO

Chief Executive’s Report for The Year Ended 31 March 2025

Work Experience

We have worked hard to go beyond workshops to ensure an ongoing impact in Students are encouraged to provide feedback, enroll in multiple workshops to learn more skills, volunteer as assistant tutors, network, and recruit.

We relaunched TCDT’s Work Experience programme in 2023 to continue to develop careers. Last year we were able to offer 25 students aged 16-20 work experience opportunities with craft specialists, engineering firms, luxury goods firms and at architecture practices. New opportunities included weeks at structure and civil engineering firm Heyne Tillett Steel, Emrys Architects and HKS Architects. Several previous students have also remained engaged with TCDT by giving back as assistant tutors during our workshops.

Schools Workshops

TCDT continued to expand its Schools programme where tutors are sent to teach workshops directly in schools. Students respond well as they go straight from class and learn with peers in a familiar setting. Teachers join, learn as well, and become powerful allies. The programme very much enables the students we want to reach and help most. We have seen a 44% increase in workshop applications from Camden students since we piloted the programme there in 2022-23. In 2024-25 expanded to five schools and in 2025-26 we will be expanding to another three schools in Newham, Woodford, and Tower Hamlets.

An attractive element of School Workshops is the reduced cost (£1,000 vs. £5,000) for a regular workshop.

“The workshops our students have had the joy of taking part in have provided them with opportunities to develop a range of skills that they never would have been able to do otherwise. They have learnt specialist knowledge in areas such as leather work, jewellery making and technical drawing, as well as developing skills they can take with them on their next steps, such as fine motor skills, hand-eye coordination, communication, and the process of planning and bringing an idea into fruition. We have had a diverse group of students take part in these workshops, and they have engaged certain students who have been finding school life difficult, which has been an incredibly powerful thing to witness.” Teacher at Acland Burghley

Page 5

The Creative Dimension Trust CIO

Chief Executive’s Report for The Year Ended 31 March 2025

The Creative Dimension Trust 10[th] Anniversary Event at The King’s Gallery, Buckingham Palace

TCDT celebrated its 10[th] Anniversary in March 2025 at The King’s Gallery Buckingham Palace. With 150 guests including funders, sponsors and partners, the evening consisted of an exhibition of TCDT alumni work, the unveiling of our ‘Human Tassel’ made to celebrate the year in various workshops including tassel making, enameling, jewellery and gilding. Tim Knox, Director of The Royal Collection Trust delivered a speech and presented the annual achievement award, a medal made by Thomas Lyte apprentice and TCDT alumni Idris Tetlow.

What does the future hold for our next 10 years?

TCDT is just getting started. As we reflect on what we have achieved, we are also looking forward with great excitement to what comes next. During the next decade, we’ll continue to grow, expand, and evolve, with a strong focus on reaching even more young people who can benefit from the skills, opportunities and networks we provide.

We are committed to enhancing and expanding our workshop programmes , ensuring we remain a leader in delivering high-quality, hands-on experiences. We also plan to expand our Schools Programme into additional London boroughs, making sure that more young people from diverse backgrounds can access these transformative opportunities.

Exciting developments are underway, with new collaborations on the horizon with prestigious institutions including the National Theatre , The Bartlett School of Architecture , Royal School of Needlework , and many others. These collaborations will open new doors for our students, offering them access to some of the most renowned establishments in the world.

New workshops will include Introduction to Footwear, Introduction to Contour Fashion, Tassel Fashion Accessories, Creature/Character Creation for Film, 2D Techniques - Scale Drawing, Introduction to Architectural Sketch Modelling with Make Architects, 2D Techniques - Realistic Drawing, Careers in Food with Fortnum & Mason, Prop Making, and Repurposing Clothes into Costume

Fortnum & Mason will be hosting TCDT’s fifth window display at their Piccadilly store this autumn. In addition to this, we are planning a new window display collaboration with a store on St James’s Street in April 2026.

I’m also delighted to announce that Theo Fennell has joined the Board of Trustees.

Our future also includes deepening our commitment to alumni support. We know that the path after our programmes can sometimes be challenging, and we want to be there every step of the way. Over the next 10 years, we’ll strengthen our work experience programme , providing even more opportunities for students to gain real- world skills and connections that will help them succeed.

With best wishes,

Penny Bendall, Founder and CEO

Page 6

The Creative Dimension Trust CIO

Report of the Trustees for The Year Ended 31 March 2025

The trustees present their report with the financial statements of the charity for the Year Ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in October 2019.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1166443

Registered office 40 Carlton Road LONDON SW14 7RJ

Trustees

Mr Timothy Gregson Mr Peter Eisenhardt Mr Ben Moorhead retired 29[th] July 2025 Mr Simon Costin Ms Fiona Rushton Ms Sandra Smith retired 30[th] July 2024 Ms Tuesday Riddell appointed 30[th] July 2024 Mr Andrew Edwards retired 27[th] February 2025 Mr Alister Theodore Fennell appointed 27[th] February 2025

Patrons Sir Christopher Frayling Mr Philip Treacy Dame Rosalind Savill

Chief Executive Officer Mrs Penny Bendall

Independent Examiner

Dunkley's Woodlands Grange Woodlands Lane Bradley Stoke Bristol BS32 4JY

Administrators

The Trust Partnership 6 Trull Farm Buildings Tetbury Gloucestershire GL8 8SQ

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

CIO - Foundation Registered 8 April 2016 as amended on 17 May 2023

Page 7

The Creative Dimension Trust CIO

Report of the Trustees for The Year Ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The charity has seven trustees who meet three times every year. The identification of potential new trustees is carried out by the board, the aim being to appoint those with the appropriate expertise and experience for the charity's work. On agreeing to become a trustee of the charity, they are thoroughly briefed by their cotrustees on the history of the trust, the day-to-day management, the responsibilities of the trustees, the current objectives and future plans. The trustees are also encouraged to attend any courses. The trustees consider that they and the CEO comprise the key management of the charity in charge of directing and controlling, running and operating the charity on a day to day basis. The trustees receive no remuneration.

Organisational structure

The trustees are ultimately responsible for the policies, activities and assets of the charity. They meet three times every year to review developments with regard to the charity, its activities and to make any important decisions. When necessary, the trustees seek advice and support from the charity's professional advisers.

Charity Governance Code

The Trustees considered the Charity Governance Code in detail and will continue to give due regard to the Code’s seven principles of organizational purpose, leadership, integrity, decision-making, risk and control, board effectiveness, diversity, and openness and accountability. The Trustees will continue to review the Code annually.

Risk management

In line with the requirement for trustees to undertake a risk assessment exercise and report on the same in their annual report, the trustees have looked at the risks. The trustees have identified five main areas where risks may occur:

Governance and management looks at the risk the charity might suffer from the lack of direction, the skills and training of the trustees and the good use of its funds.

Operational looks at the risk inherent in the charity's activities including continuity of staff and lack of a disaster recovery policy.

Financial risks include those arising as a result of poor budgetary control, inappropriate spending, poor accounting and inappropriate investment policies.

Reputational looks at the possible damage to the charity's reputation.

Laws, regulations, external and environmental looks at the effects of government policies and the consequences of non-compliance with the laws and regulations.

Having assessed the major risks to which the charity is exposed, in particular to its finances, the trustees believe that by monitoring reserve levels, by ensuring that controls exist over the key financial systems, and by examining the operational and business risks faced by the charity, they have established effective systems to mitigate those risks.

Page 8

The Creative Dimension Trust CIO

Report of the Trustees for The Year Ended 31 March 2025

OBJECTIVES AND ACTIVITIES Charitable objectives

The Trust’s charitable objectives are:

To advance education in arts and crafts and in related conservation skills for the public benefit in such ways as the trustees think fit.

Significant activities

The Creative Dimension Trust is a charity that organises Craft Workshops for young people between 14 – 19 years who love working with their hands. The fully funded workshops are taught by some of the world’s leading craft specialists, who want to inspire the next generation.

In discovering new techniques, workshop students build the confidence needed to pursue a career where core hand skills are required. The skills are manual dexterity, draughtsmanship, and an understanding of 3D structures.

OBJECTIVES AND ACTIVITIES

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities.

The Trustees are satisfied that all awards made during the year are for the benefit of the public and the benefits of each and every award are clearly identifiable.

ACHIEVEMENT AND PERFORMANCE Charitable activities

Highlights include:

Donations

The trustees would like to thank most warmly all those who support us financially with donations and grants.

FINANCIAL REVIEW

Financial Summary

Income for the year was £152,395 (2024 £188,192). Expenditure was £172,849 (2024 £167,154). As a result, for the year ended 31 March 2025, there was a net expenditure of £20,454 (2024 surplus £21,038).

Reserves Policy

The trustees intend to build adequate reserves to cover budgeted costs and will maintain an appropriate budget for future years. Target unrestricted reserves are up to 6 months of operating expenditure, estimated in the region of £86,000. As at 31 March 2025, unrestricted reserves included grants received during the year, totalling £247,765 (2024 £283,019), which are for use in future years.

Page 9

The Creative Dimension Trust CIO

Report of the Trustees for The Year Ended 31 March 2025

Going Concern

The Trustees of the Charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees are of the opinion that the Charity will have sufficient resources to meet its liabilities as they fall due.

FUTURE DEVELOPMENTS

We plan to expand our Schools Programme into additional London boroughs, making sure that more young people from diverse backgrounds can access these transformative opportunities.

Exciting developments are underway, with new collaborations on the horizon with prestigious institutions including the National Theatre, The Bartlett School of Architecture, Royal School of Needlework, and many others.

New workshops will include:

Fortnum & Mason will host TCDT’s fifth window display at their Piccadilly store this autumn.

Page 10

The Creative Dimension Trust CIO

Report of the Trustees for The Year Ended 31 March 2025

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees are responsible for preparing the trustees’ report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these accounts, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, applicable Charity (Accounts and Reports) Regulations and the provisions of the charity’s trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD:

----- Start of picture text -----
.............................................
Peter Eisenhardt - Trustee
Date:
----- End of picture text -----

Page 11

Independent Examiner's Report to the Trustees of The Creative Dimension Trust

Independent examiner's report to the trustees of The Creative Dimension Trust

I report to the charity trustees on my examination of the accounts of The Creative Dimension Trust for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Matthew Dobbins FCA Dunkley's Woodlands Grange Woodlands Lane Bradley Stoke Bristol BS32 4JY

Date: .............................................

Page 12

The Creative Dimension Trust CIO

Statement of Financial Activities for the Year Ended 31 March 2025

Note
Income
Donations
2
Trading Activities
3
Interest
Total income
Expenditure
Raising funds
4
Expenditure on charitable activities
5
Total expenditure
Net (expenditure)/income and net
movement in funds for the year
Reconciliation of Funds
Total funds brought forward
Total Funds carried forward		 Year
ended
Year
ended
2025
2025
2025
2024
Unrestricted
Restricted
Total
Funds
Total
Funds
£
£
£
£
52,758
93,800
146,558
181,817
-
-
-
1,500
5,837
5,837
4,875
58,595
93,800
152,395
188,192
3,023
-
3,023
1,120
90,826
79,000
169,826
166,034
93,849
79,000
172,849
167,154
(35,254)
14,800
(20,454)
21,038
283,019
90,000
373,019
351,981
247,765
104,800
352,565
373,019

Page 13

The Creative Dimension Trust CIO

Balance Sheet At 31 March 2025

Note
Current Assets
Debtors
6
Cash at bank
Creditors
Amounts falling due within one year
7
Net current assets
Funds
Unrestricted funds
8
Restricted funds
8
Total Funds		 2025
2025
Unrestricted
Restricted
£
£
148
91,000
262,091
13,800		 2025
2024
Total
Funds
Total
Funds
£
£

91,148
149,775
275,891
237,572
262,239
104,800
14,474
-		 367,039
387,347

14,474
14,328
247,765
104,800		 352,565
373,019
247,765
283,019
104,800
90,000
352,565
373,019

The financial statements were approved by the Board of Trustees on and were signed on its behalf by:-

............................................. Peter Eisenhardt –Trustee

Page 14

The Creative Dimension Trust CIO

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Accounting convention

These accounts have been prepared for the year to 31[st] March 2025.

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP FRS 102) issued on 16 July 2014, Update Bulletin 1 issued on 2 February 2016, Update Bulletin 2 issued October 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. The accounts are presented in sterling and are rounded to the nearest pound.

Critical accounting estimates and areas of judgement

Preparation of the financial statements requires the trustees to make significant judgements and estimates. The trustees do not consider that there are any sources of estimation uncertainty or any key judgements made in the preparation of the financial statements.

Assessment of going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements. The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due. The Trustees of the Charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. Given the ongoing challenges of Covid-19 and the Cost of Living Crisis, the Trustees are of the opinion that the Charity will still have sufficient resources to meet its liabilities as they fall due.

Income

All income is included on the Statement of Financial Activities when the charity is legally entitled to the income, it is probable that it will be received, and the amount can be quantified with reasonable accuracy. Donations in kind are valued at the going market rate for the services and facilities required to carry out the charitable activity at the point it is received.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs Direct costs are allocated to the activity to which they relate. Any shared costs will be apportioned should the trustees deem it necessary. In-kind expenditure is valued at the going market rate for the services and facilities required to carry out the charitable activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition.

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Page 15

The Creative Dimension Trust CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

Statement of cash flows

The financial statements do not include a statement of cash flows because the charity is exempt from the requirement to prepare such a statement under the Charities SORP FRS 102 Update Bulletin 2.

2. DONATIONS

Grants (2025)
Grants (2024)
Donations (2025)
Donations (2024)
Total Grants and Donations (2025)
Total Grants and Donations (2024)		 Unrestricted
Funds
£
52,500
55,674
258
8,389
52,758
64,063		 Restricted
Funds
£
91,800
117,754
2,000
-
93,800
117,754		 31.03.25
£
144,300
173,428
2,258
8,389
146,558
181,817		 31.03.24
£
173,428
8,389
181,817

Grants received and due, included in the above, are as follows:

Art Friends Cambridgeshire
Drapers
Eranda Rothschild
Hermes (GB) Limited
John Lyon’s Charity
John Swire 1989 Charitable Trust
Neville Abraham Foundation
The Carpenters’ Company
The Clothworkers Company
The Goldsmiths' Company Charity
The Hedley Foundation
The Portal Trust
The Radcliffe Trust
The Royal Warrant Holders Association
The Tanner Family Charitable Trust		 Unrestricted
Funds
£
-
25,000
-
-
7,500
-
15,000
-
-
-
-
-
-
5,000
52,500		 Restricted
Funds
£
-
60,000
-
-
-
-
-
-
15,000
8,800
-
-
5,000
3,000
-
91,800		 31.03.25
£
-
60,000
25,000
-
-
7,500
-
15,000
-
8,800
-
-
5,000
3,000
5,000
144,300		 31.03.24
£
674
-
-
6,754
90,000
-
10,000
15,000
-
16,000
5,000
30,000
-
-
-
173,428

The notes form part of these financial statements

Page 16

The Creative Dimension Trust CIO

Notes to the Financial Statements-continued Unrestricted
Funds
£
-
-
-
1,500
Unrestricted
Funds
£
3,023
1,120
Unrestricted
Funds
£
90,826
94,780		 Restricted
Funds
£
-
-
-
-
Restricted
Funds
£
-
-
Restricted
Funds
£
79,000
71,254		 31.03.25
£
-
-
-		 31.03.24
£
1,200
300
for the Year Ended 31 March 2025
3
. TRADING ACTIVITIES
Workshop delivery Hermes GB (2025)
Project Partnering V&A (2025)
Total Trading Activities (2024)
4
. RAISING FUNDS
Events, Advertising and PR (2025)
Events, Advertising and PR (2024)
5
. CHARITABLE ACTIVITIES
Total Charitable Activities (2025)
Total Charitable Activities (2024)
1,500
1,500
31.03.24
£
1,120		 1,500
1,500 1,500
31.03.25
£
3,023
1,120
31.03.25
£
169,826
166,034
1,120
31.03.24
£
166,034

The notes form part of these financial statements

Page 17

The Creative Dimension Trust CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

5. CHARITABLE ACTIVITIES (Continued)


Awareness:
Advertising and PR
Provision of Courses:
Materials
Course Facilities
Teaching
Administration
Financial Management
Management Support
Marketing & IT Development
Printing, Postage, Stationery and Marketing Materials
Other Facilities
Insurance
Travel
Management costs:
Administration
Financial Management
Management Support
Marketing & IT Development
Printing, Postage and Communications
Facilities
Insurance
Travel
Independent Examination
Awareness:
Advertising and PR
Provision of Courses:
Materials
Course Facilities
Teaching
Administration
Financial Management
Management Support
Marketing & IT Development
Printing, Postage, Stationery and Marketing Materials
Other Facilities
Insurance
Travel
Management costs:
Administration
Financial Management
Management Support
Marketing & IT Development
Printing, Postage and Communications
Facilities
Insurance
Travel
Independent Examination
 Unrestricted
Funds
£
8,116
8,116
838
1,772
-
13,468
4,600
44,577
3,165
68
1,179
265
247
70,179
2,318
792
7,673
521
12
226
46
43
900
12,531
90,826		 Restricted
Funds
£
-
-
6,653
1,000
33,064
7,396
2,526
24,481
2,788
106
647
146
193
79,000
-
-
-
-
-
-
-
-
-
-
79,000		 Year ended
31.03.25
Total
Fund
s
£
8,116
8,116
7,491
2,772
33,064
20,864
7,126
69,058
5,953
174
1,826
411
440
149,179
2,318
792
7,673
521
12
226
46
43
900
12,531
169,826

Unrestricted support costs are allocated 90% to the provision of courses and 10% to management costs. Support costs for restricted purposes are allocated 100% to the relevant categories.

The notes form part of these financial statements

Page 18

The Creative Dimension Trust CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

5. STAFF COSTS AND EMOLUMENTS

AND EMOLUMENTS
Staff costs and
emoluments
Salaries and fees
Social Security costs
Pension
Staff costs and
emoluments
Salaries and fees
Social Security costs
Pension		 Key
Management
71,050
3,550
2,131
76,731
Key
Management
65,000
3,122
1,950
70,072		 Other
Staff
-
-
-
-
Other
Staff
-
-
-
-		 2025
£
71,050
3,550
2,131
76,731
2024
£
69,302
3,308
2,079
74,689		 2024
£
69,302
3,308
2,079
74,689

There was one employee whose emoluments, as defined for taxation purposes, amounted to over £60,000 in the period. The average number of employees, calculated on a full-time equivalent basis, analysed by function was:

Management and Administrative staff – 1 (2024 1)

The trustees consider that they and the CEO comprise the key management of the charity in charge of directing and controlling, running and operating the charity on a day to day basis.

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the Year Ended 31 March 2025 (2024 £Nil).

Trustees' Expenses

Trustees' expenses amounting to £226 were paid during the Year Ended 31 March 2025 (2024 £Nil).

6. DEBTORS

Prepayments (2025)
Accounts Receivable (2025)
Other debtors (2025)
Total debtors (2025)
Prepayments (2024)
Accounts Receivable (2024)
Other debtors (2024)
Total debtors (2024)		 Unrestricted
Funds
£
-
-
148
148
-
6,424
53,351
59,775		 Restricted
Funds
£
-
-
91,000
91,000
-
-
90,000
90,000		 31.03.25
£
-
-
91,148
91,148
-
6,424
143,351
149,775		 31.03.24
£
-
6,424
143,351
149,775

The notes form part of these financial statements

Page 19

The Creative Dimension Trust CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Unrestricted
Restricted
Restricted
Funds Funds 31.03.25 31.03.24
£ £ £ £
Accruals (2025) 9,251 - 9,251 12,296
Accounts Payable (2025) 5,223 - 5,223 1,624
Other creditors (2025) - - - 408
Total creditors (2025) 14,474 14,474 14,328
Accruals (2024) 12,296 - 12,296
Accounts Payable (2024) 1,624 - 1,624
Other creditors (2024) 408 - 408
Total creditors (2024) 14,328 - 14,328
8. FUNDS
Net
movement
At 01.4.24 in funds
At		 31.03.25
£ £ £
Unrestricted funds
General fund 283,019 (35,254) 247,765
Restricted funds
Course costs and materials 90,000 14,800 104,800
TOTAL FUNDS 373,019 (20,454) 352,565
Net movement in funds, included in the above is as follows:
Net
Income Expenditure movement
in funds
£ £ £
Unrestricted funds 58,595 (93,849) (35,254)
Restricted funds 93,800 (79,000) 14,800
TOTAL FUNDS 152,395 (172,849) (20,454)
Analysis of net assets between funds:
Unrestricted Restricted Total
funds funds funds
£ £ £
Net current
assets 2025 247,765 104,800 352,565
Net current
assets 2024 283,019 90,000 373,019

The notes form part of these financial statements

Page 20

The Creative Dimension Trust CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

9. RESTRICTED FUNDS

Funder
The Drapers’ Charitable Fund
The Clothworkers’ Company
The Goldsmiths’ Company
Charity
The Drapers Trust
Royal Warrant Holders
Association
Total Restricted Funds		 Amount £ Summary of Restriction
60,000
Embroidery and tailoring workshops and similar in
schools
15,000
Funding of skills workshops
8,800
Summer schools workshops and teacher training
5,000
Two workshops
3,000
Furniture making workshops
91,800

10. RELATED PARTY TRANSACTIONS

The following related party transactions took place during the period ending 31.03.25 (2024 None).

Related Party Donations

CEO donation amounting to £40 was received in respect of cash donations received (2024 £Nil).

Related Party Expenses

Trustees' expenses amounting to £226 were paid to one trustee (2024 £Nil). CEO expenses, relating to workshop costs, amounting to £551 were paid (2024 £Nil). Advertising costs of £7,204 were paid to a related party for independent work (2024 £Nil).

Trustees’ Complementary Interests

During the accounting year from 1[st] April 2024 to 31[st] March 2025, there were Trustees of The Creative Dimension Trust who were also Trustees or Committee members of other charities/entities but did not benefit from Grants made to The Creative Dimension Trust.

Trustee: Timothy Gregson Charity: Carpenters’ Hall Role: CEO/Clerk

Page 21

The notes form part of these financial statements

The Creative Dimension Trust CIO

Notes to the Financial Statements - continued for the Year Ended 31 March 2025

11. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Note
Income
Donations
2
Trading Activities
3
Interest
Total income
Expenditure
Raising funds
4
Fundraising trading
5
Expenditure on charitable activities
6
Total expenditure
Net income/(expenditure) and net
movement in funds for the year
Reconciliation of Funds
Total funds brought forward
Total Funds carried forward		 2024
Unrestricted
£
64,063
1,500
4,875
70,438
1,120
-
94,780
95,900
(25,462)
308,481
283,019		 2024
Restricted
£
117,754
-
-
117,754
-
-
71,254
71,254
46,500
43,500
90,000		 Year
ended
2024
Total
Funds
£
181,817
1,500
4,875
188,192
1,120
-
166,034
167,154
21,038
351,981
373,019

Page 22

The notes form part of these financial statements

The Creative Dimension Trust CIO

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Income
Grants
Donations
Trading Activities
Interest
Total income
Expenditure
Raising funds:
Events, Advertising and PR
Fundraising Trading
Charitable Activities
Raising awareness:
Provision of courses:
Materials
Facilities
Teaching
Administration
Financial Management
Management Support
Marketing & IT Development
Printing, Postage, Stationery and Marketing Materials
Insurance
Travel
Management costs:
Administration
Financial Management
Management Support
Marketing & IT Development
Printing, Postage and Communications
Facilities
Insurance
Travel
Independent Examination
Total charitable activities
Total expenditure
Net income and
net movement in funds for the year		 2025
£
144,300
2,258
-
5,837
152,395
3.023
-
3,023
8,116
7,491
4,598
33,064
20,864
7,126
69,058
5,953
174
411
440
149,179
2,318
792
7,673
521
12
226
46
43
900
12,531
169,826
172,849
(20,454)		 2024
£
173,428
8,389
1,500
4,875
188,192
1,120
-
1,120
8,182
11,254
2,351
31,884
21,111
6,335
67,220
3,651
377
411
953
145,547
2,315
704
7,469
341
51
211
46
18
1,150
12,305
166,034
167,154
21,038

This page does not form part of the statutory financial statements.

Page 23