2022-03-31-accounts

The Creative Learning Trust

THE CREATIVE LEARNING TRUST

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2.5 Essential Support To achieve our objectives to the highest standards we work vwth organisations that have considerable expertlse in their field5. We are very fortunate to work with several Pfc%Jressive firms that are helping us to greatly enhance our projects. Below are six organisations. three in Romanian and three in the UK that are particularly supportive. SC Creativbau SRL Iformally SC Policonstructii SRLI In recent years these impressNe creative builders have undertaken the da5sroom upgrade5 planned by the C5EF. Our contacts are OwnerNanager Istvan Szekefy and the multi-tslented carpentef. Levente Sants. All our bespoke furniture for the c1è55rooms is made by them. SC Pretext Advertising SRL If we need an￿hIng made in acrylic or other plastic in Romania then Pletext 15 our film of choice. The team at this firm have great skills. With the help of Claudia Jeler there we have been able to produce many laser cut and engraved learning resources. We simply e-mail them the artwork created here using vector graphics and the products are rapidly made. SC Verla (Printshop) SRL Educational posters and murals for use In Romanha are superbly printed by Verla in Cluj-Napoca, with the help of Robert Nagy. Again, thanks to the Internet, our artwk &mailed to Robert is printed rapidly to a very hHJh standard. Castlemount Ltd Our large range of learning resources printed on ID-size plastic cards could not hove been made without the expert help and support of ownerlmanager Paul Bignell. This UK film now based in Herne Bay, Kent Sp￿10115es in printing ID materials. Paul advises on technical Issues. the most appropr￿te specialised printers and the best acces50rie5 to use. Ashford Lasers This family-run firm in Kent projuce excellent laser cut and engraved products for u5. We are very grateful for the continued technical support of owner Darren Bentley. Wallace Pfint Ltd Specialist printing of certain of our leafning resour￿ is undertaken by this modern. welléquipped printing firm in Strcod, Kent. Their wKle range of Mater￿15 and printing techniques are a great help to us. Many individuals actively Collat￿rate in our projects. The essential hdp of Cristina Stsn, Cornel Pop, Emiliana Costiug, Csilla Ki55, Monika Dozsa and Tunde Gede In Romania are acknowledged. Eszter Kopanyi 15 supporting our work in Hungary, In the UK Jenny Drewe, Derek King. Michael Cziczkai, Aunali Sadikot. Vernon Benjafield and Angus Cleaver help us in different aspects of our woik. The Trustees of The Creative Leaining Trust sincerety thank everyone for their Invaluable support and encouragement, Dr David R. White Trustee

The Creative Learning Trust

The Creative Learning Trust Charitable Incorporated Organisation Registered Charity No.1171949 2021122 2020121 Tangible Fixed Assets Plant & Equipment Inve5trnentS Note 8 Note 9 Current Ass•t• Debtors Cash at Bank and In Hand Not• 10 40,496 41,044 Creditors Amounts falling due within one year Net Current Assets Mot• 11 150 40,346 150 40,894 Net Asset$ 40,894 Funds Unrestrlcted Funds General Funds Deslgnated Funds Accumulated Donatlon Reserve - Unrestricted Note 12 Note13+3 29,402 29,402 11,492 40,894.01 30,254 Accumulated Donation Reserye - Restricted Total Funds Note13+2 Note 13 40,346 Approved by the Trustees on )7??nd slgned on its behalf by.. Dr. D. R. Whlte {Trustee) Mr. l. E. J. Johnson (Trustee) The notes on page 3 to 5 form part of these accounts Pagelof5

The Creative Learning Trust

Charitable Incorporated Organisation Registered Charity No.1171949

Statement of Financial Activities at 31 March 2022

INCOME AND EXPENDITURE		2021/22	2020/21
		£	£
INCOMING RESOURCES
Grants	Note 1	125	145
Grants - Legacy Estates
Grants - Unrestricted
General Donations	Note 1	1,383	1,840
Interest Receivable
ExtraordinaryGain on Investment
Total Incoming Resources		1,508	1,985
RESOURCES EXPENDED
Direct Charitable Expenditure
Schools/Clinics Upgrades		321
Grant for Vocational Training		1,525
Learning /TherapyResources			419
Total Direct Charitable Expenditure		1,846	419
Other Expenditure
Fundraising & Publicity		0	-
Management & Administration Costs	Note 7	211	211
Total Resources Expended		2,057	630
Net Incoming / (Outgoing) Resources for theyear		(548)	1,355
Statement of Total Recognised Gains and Losses
Net Incoming / (Outgoing) Resources for the year		(548)	1,355
Realised gains and losses		0	-
Net movement in funds		(548)	1,355
Funds at 31 March Previous Financial Year		40,894	39,539
		40,346	40,894
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 2022

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 2021 to 31 March 2022 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	2021/22 Fundraising
Grants	125
General Donations	1,383
Total	1,508

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	1,579.16	100	1,500	179.16
Totals	11,491.54	100	1,500	10,091.54

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
	Schools / Clinics Upgrades	321			321
	Grant to FRSCE Charity: Grant for Vocational Training	1,525			1,525
	Totals	1,846	0	211	2,057

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

THE CREATIVE LEARNI Charltable Incorporated Oryanisation Registered Charity No.1171949 As described on the balance sheet, you are responsible for the preparation of the accounts for the accounting period l Aprtl 202 1 to 31 March 2022. set out on pages I to 5 and It Is your bellef that the company is exempt from the reqU1￿ment to have an audit. In accordance with instructions that you gave to me, I have examlned these unaudlted accounts, in order to assist you to fulfil your statutory responsibilities. No matter has come to my attentlon, which in my opinion, needs to be considered to understand the accounts other than those covered In the Note5 that accompany it {pages 3-5). Aunall Sadlkot, FCA