The Creative Learning Trust **THE CREATIVE LEARNING TRUST** **ț** ## **ț** 2.5 Essential Support To achieve our objective5 to the highest stsndards we work with organisations thot have considerable expertise in their f eld. We are very fortunate to work with several progressive firms that are helping us to greatly enhance our projects. Below are six organisatDns, three Romanian and three Britssh. that are partKularly sUPPOrtwe. SC Creativbau SRL (formally SC Policon5tructii SRLI In recent years these Impressive creative btjilders have undertaken the dassr(xJm upJrade5 planned by the CSEF. Our contacts are OwnerlManager15tvan Szekely and the Mu1t￿ts￿ted carpenter. Levente Sants. All our bespoke furniture for the classrooms is mède by them. SC Pretext Advertising SRL If we Iieed anything made In a(rylic or other plastic in ROrnan￿ then Pretext is our film of choice. The team at this firm have great skills. With the help of Claudia leler there we have been able io pr{￿u(e many laser cut and engraved learning resour￿$. We simply &mail them the ar￿rk ueated here using vector graphics and ihe Products are rapidly made. SC Verts (Printshop) SRL Educational posters and murals for use in Romanrd are superbty printed by Verla in Cluj-NapcKa. with the help of Robert Nagy. Again, thank5 to the Internet. our artwork trmailed to Robert 55 printed rapidty to a very high standard. Castlemount Ltd Our large range of learning resources printed on ID-size plastic cards could not have been made without the expert help and support of ownerlmanager Paul Bignell. This UK firm now based in Chislehurst. Kent specialises in printing ID materials. Paul athises on techni￿1 IssL￿5. the most appropriate S￿￿111Sed printers and the best accessories to use. Ashford Lasers This Icmily-run firm in Kent prc¥Juce excellent laser cul and engraved prodLKts for us. We are very grateful for the continued technical support of owner Darren Bent*. Wallace Print Ltd Specialist printing of certain of our learning resources is undertaken by this modern, well4quipped printing firm in Strood, Kent. Their wide range ol materials and priniing techn￿UeS are a great help to us. Many indwiduals actively cdlaborate in our pfoject5. The e5sentkal hdp of Cristina Stan, Coinel Pop, Attila Silye, Emiliana Cosliug, Csilla Kiss, Monika Dozsa, Cecilk? Ar*getes(u and Tunde Gede In Romania are ackiowledged. Eszter Kopanyi is supporting our work in Hungary. In the UK lenny Drewe, Derek King. Michael Cziczkal, Aunali Sadikot, Vernon Benjafield. Albin zavody and Angus Cleaver help us In different asperts of our work. The Trustees of The Creative Learning Tfust sir￿￿ety thank everyone for their invaluable support and encouragement, Dr David R. White Trustee CLT FINANCIAL REPORT 1 April 2020 - 31 March 2021 The Creative Learning Trust Charitable Incorporated Organisation Registered Charity No. 1171949 heet at 31 M rch 2 21 2020121 2019120 Tanglble FIX￿ Amets Plant & Equipment Investments Note 8 Note 9 Current Assets Debtors Cash at Bank and In Hand Note 10 41,044 41,044 39,689 39,689 Creditor5 .' Amounts fallin9 due within one year Net Current Assets Note 11 150 40,894 150 39,539 Net Assets 39,539 Funds Unrestrirted Funds General Funds Designated Funds Accumulated Donatlon Reserve - Unrestrlcted Note 12 Not•13+3 28, 192 28, 192 11,347 39,539 29,402 11,492 40,894 Accumulated Donation Reserve - Restricted Total Funds Note13+2 Note 13 Approved by the Trustees on and slgned on its behalf by: Dr. D. R. White (Tnjstee) Mr. l. E. J. Johnson (Trustee) The notes on page 3 to 5 fomi part of these accounts Pagelof5 ## The Creative Learning Trust Charitable Incorporated Organisation Registered Charity No.1171949 ## Statement of Financial Activities at 31 March 2021 |**INCOME AND EXPENDITURE**||**2020/21**|**2019/20**| |---|---|---|---| |||£|£| |**_INCOMING RESOURCES_**|||| |**Grants**|**Note 1**|**145**|**245**| |**Grants - Legacy Estates**|||| |**Grants - Unrestricted**|||| |General Donations|**Note 1**|**1,840**|**3,416**| |Interest Receivable|||| |ExtraordinaryGain on Investment|||| |**Total Incoming Resources**||**1,985**|**3,661**| |RESOURCES EXPENDED|||| |Direct Charitable Expenditure|||| |Schools Refurbishment & Furniture|||| |Schools/Clinics Upgrades|||| |Schools Computers & Equipment|||| |Aid Delivery & Travel Costs|||| |Grant to FRSCE Charity|||**395**| |Learning / Therapy Resources||**419**|**1,023**| |FRSCE Professional fees/taxes|||| |Laurie Whelan Award GP Training|||| |Unrestricted|||| |**Total Direct Charitable Expenditure**||**419**|**1,418**| |**_Other Expenditure_**|||| |Fundraising & Publicity||**0**|**0**| |Management & Administration Costs|**Note 7**|**211**|**241**| |**Total Resources Expended**||**630**|**1,659**| |**Net Incoming / (Outgoing) Resources for theyear**||**1,355**|**2,002**| |**Statement of Total Recognised Gains and Losses**|||| |Net Incoming / (Outgoing) Resources for the year||**1,355**|**2,002**| |Realised gains and losses||**0**|**0**| |Net movement in funds||**1,355**|**2,002**| |Funds at 31 March Previous Financial Year||**39,539**|**37,537**| |||**40,894**|**39,539**| |Movement on reserves and all recognised gains and losses are shown above.|||| |The notes on pages 3 to 5 form part of these accounts|||| Page 2 of 5 ## **The Creative Learning Trust (CLT)** ## **Charitable Incorporated Organisation (Registered Charity No. 1171949)** ## **Notes to the Accounts for period ended 31 March 2021** ## **Accounting Policies** 1. The accounts have been prepared on an income and expenditure basis under the historical cost convention in accordance with applicable accounting standards and follow the recommendations in Statement of Recommended Practice: Accounting by Charities (SORP) issued October 1995. 2. Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure that meets these criteria is identified to the fund, together with a fair allocation of overhead and support costs. 3. Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and is available as general funds. Intangible income is not included unless it represents goods or services that would have otherwise been purchased according to the annual budget plan and objectives. 4. Depreciation is charged on fixed assets in equal proportions over a five-year period (annual rate of 20%). Assets costing under £500 are treated as revenue expenditure. 5. Stocks of purchased goods are valued at the lower of cost and net realisable value. Stocks of donated goods are not valued for accounting purposes. 6. The charity is not engaged in any trading activity and is therefore not liable for corporation tax. 7. The financial period for which these accounts cover is from 1 April 2020 to 31 March 2021 and this is the set of accounts prepared. ## **Notes to the Accounts** **1. Incoming Resources** These resources consisted of funds such as grants and general donations: |**Incoming Resources**|**2020/21**
**Fundraising**| |---|---| |Grants|145| |General Donations|1,840| |**Total**|**1,985**| **2. Restricted Funds** Income was received as either general donations or as grants. Some grants were specific in indicating that the money had to be spent on specific projects to improve the standard of educational provision for special needs children and adults in the UK and Romania. The balance on each restricted fund is carried forward to the new financial year to be applied to the specific fund at the request of the donor. Where it is not possible to apply the funds as per the donors’ requests then permission will be required to redirect these funds to other projects that the CLT is involved in. The table below shows the income and expenditure for the current year, together with the net position being either a surplus or deficit on current year activities. This surplus or deficit is then added to the fund brought forward balance from the previous year, which then gives the closing balance which is carried forward to the next financial year. Fund expenditure is limited to the funds available and any excess expenditure is charged directly to unrestricted funds. The carry forward balance is presented as pounds and pence. |**Details**|**Balances**
**Brought**
**Forward**
**£.p.**|**Income**|**Expenditure**
**£**|**Balances**
**Carried**
**Forward**
**£.p.**| |---|---|---|---|---| |School for the Deaf No. 2|25.24|||25.24| |Elsie Widdowson Estate|601.28|||601.28| |Romanian Visits|260.70|||260.70| |Autism Association|9,025.16|||9,025.16| |Laurie Whelan Education Awards|1,434.16|145.00||1,579.16| |**Totals**|**11,346.54**|**145.00**||**11,491.54**| Page 3 of 5 ## **3. Unrestricted Funds** These funds are used for overhead costs and also for restricted funds where the income is insufficient to cover expenditure. Unrestricted funds give flexibility for the Trustees to fund non specific projects which are in the overall remit of the charity’s objectives. Fundatia Romana pentru Stiinte Clinice si Educatie (FRSCE) is the Romanian sister charity of the The Clinical Science and Education Foundation (CSEF) (now removed and amalgamated with CLT) and was set up to facilitate, safeguard and to maintain its projects and interests in Romania. The expected closure of the FRSCE, reported in last year’s accounts, has not yet taken place. As the FRSCE now has funding from local Romanian sources, supportive expenditures from the CLT have now ceased. ## **4. Staff Costs and Numbers** There are no directly employed staff. All the charities activities are presently conducted by the Trustees and unpaid volunteers. ## **5. FRSCE Grant** Most goods taken by CLT to Romania are donated to FRSCE, which in turn either offers the items on free loan (under contract) or by donation to appropriate organisations or individuals. The remaining goods taken to Romania are donated to known and trusted Romanian charities, such as Asociatia KOFLEG, a charitable association run by the School for the Deaf No. 2 in ClujNapoca, Romania. Funds are transferred to the FRSCE, School for the Deaf No. 2, Cluj-Napoca, Romania or selected Romanian companies for the purchase of goods and services needed to maintain and develop projects in Romania. These included: - Books (Romanian and Hungarian) for school libraries; - Refurbishing work on classrooms and other facilities at schools for the deaf in Cluj-Napoca; - Purchase of educational materials; - Purchase of furniture, materials and the costs of miscellaneous building, plumbing, - central heating and electrical work at special needs and other schools in Cluj-Napoca. ## **6. Directors/Trustees Remuneration and Expenses** The trustees received no remuneration. Travel and subsistence costs are reimbursed to Trustees who travel on charity business. ## **Directors/Trustees travel expenses during the year:** **£** Air Fares to Romania/Hungary 0 **Total expenses paid to Directors/Trustees 0** ## **7. Total Resources Expended** ||**Category**|**Direct**
**Charitable**
**Expenditure**
**£**|**Fundraising &**
**Publicity**
**£**|**Management &**
**Administration**
**£**|**Total**
**£**| |---|---|---|---|---|---| ||Fundraising||||| ||Legal||||| ||Accountancy|||150|150| ||Bank Charges|||61|61| ||Learning / Therapy Resources|419|||419| ||Grant to FRSCE Charity:
Professional Advice / Taxes
Learning / Therapy Resources||||| ||**Totals**|**419**|**0**|**211**|**630**| Page 4 of 5 **Reserves Policy** The Trustees have always maintained sufficient unrestricted funds to meet ongoing commitments whilst not maintaining official reserves. In order to enhance the Charity’s financial resilience, the Trustees hope to meet post Covid-19 lockdowns to develop a policy for setting up reserve amounts to fund known commitments, the majority of which to be funded from unrestricted funds. The Trustees will aim to have a prudent approach to reserves in that they should be at the correct level to fund commitments that generally will be for an initial period of two years unless rolled forward by one incremental year at a time. Reserves will be reviewed every six months to ensure they are pitched at the correct level. ## **8. Tangible Fixed Assets** The charity only capitalises its own equipment where the cost is greater than £500. At present the charity does not possess any equipment where the value of each piece exceeds £500. ## **9. Investments** The charity does not presently have any investments. However, if any of the planned projects run into significant delays then monies will be invested in medium term investments. ## **10. Debtors** There were no debtor balances. ## **11. Creditors - Amounts falling due within one year** The accountant’s fee of £150 is payable once the accounts are reviewed. ## **12. Designated Funds** The charity has no designated funds ## **13. Associated Charities** The Creative Learning Trust is associated with these charities: - I. Fundatia Romana pentru Stiinte Clinice si Educatie (FRSCE) is the Romanian sister charity set up to safeguard and to maintain the CSEF projects and interests in Romania. The FRSCE has five trusted Romanian colleagues as Trustees (three clinicians and two special needs teachers), together with David R. White. - II. The Creative Learning Trust is the successor charity which took over all assets and liabilities of The Clinical Science & Education Foundation (Registered Charity No. 1086712) which closed during 2017. Page 5 of 5 TIVE ARNIN Charitable Incorporated Organisation Registered Charity No.1171949 As descrlbed on the balance sheet. you are responslble for the preparation of the accounts for the accounting period l April 2020 to 31 March 2021, set out on pages I to 5 and it Is your belief that the company is exempt from the requirement to have an audit. In accordance with instrurtions that YOU gave to me. I have examlned these unaudlted accounts, In order to assist you to fulfil your statutory responsibilitie5. No matter has come to my attentlon. whlch in my oplnion, needs to be tonsidered to understand the accounts other than those covered in the Notes that accompany it (pages 3-5}. Aunali Sadikot, FCA Date