The Creative Learning Trust
THE CREATIVE LEARNING TRUST
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2.5 Essential Support To achieve our objective5 to the hNJhest 5tsndards we work with organisations that have considerable expert15e in their fields. We are very fortunate to work with several progressive f irms that are helping u5 to greatly enhance our projects. Below are six organisations, three in Romanian and three in the UK that are partKularly supportive. SC Creativbau SRL (formally SC Policonstrurtii SRLI In recent years these impre55ive creative builder5 have undertaken the classroom upgrades planned by the CSEF. Our contacts are OwneTIManager15tvan Szekely and the multi-talented carpenter, Levente Sants. All our bespoke furniture for the classrooms Is made by them. SC Pretext Advertising SRL If we need any1hing made in acrylic or other plastic in Romania then Pretext is our firm of choi. The team at thi5 firm have great ski115. With the help of Claudia leler there we have been able to produce many Saser cut and engraved learning resources. We simply e-mail them the ar[k created here using vector graphics and the products are rapidly made. SC Verfa (Printshop) SRL Educational posters and murals for use in Romania are superbly printed by Verla in Cluj-Napoca, with the help of Robert Nagy. Again, thanks to the Internet, our athork &mailed to Robert is printed rapidly to a very high Standard. Ashford Lasers Thi5 family-run firm in Kent produce excellent laser cut and engraved products for us. We are very grateful for the continued technical support of owner Darren Bentley. Castlemount Ltd Our large range of learning resource5 printed on ID-5ize plastic cards could not have been made without the expert help and support of ownerlmanager Paul Bignell. This UK film now based in Herne Bay, Kent speciolises in printing ID materials. Paul advises on technical Issues, the most appropriate specialised printers and the best accessories to Use. Ashford Lasers This family-run firm in Kent prcéuce excellent laser cut and engraved products for us. We are very grateful for the continued technical 5UPPOrt of owner Darren Bentley. Photocentric Ltd Bespoke clear photopolymer dies have b&n made for the CLT by this profe55ional firm. The support of Lisa Miles at Photocentric Ltd is greatly appreciated. Wallace Print Ltd Specialist printing of rtain of our learning resources is L*ndertaken by thi5 modern, well-equipped printing fiirn in Strood, Kent. Their wide range of materials and printing techniques are a great help to US. Many individua15 actively collaborate in our project5. The essential help of Cristina Stsn, Cornel Pop, Emiliana Costiug, Csilla Ki, M6nika Dozsa and Tunde Gede in Romani8 are acknowledged. Eszter Kopanyi 15 SUPPOrting our work in Hungary. In the UK Jenny Drewe, Derek King, Michael Cziczkat, Aunali Sadikot, Vernon Benjafield and Angu5 Cleaver help us in different aspects of our work. The Trustees of The Creative Learning Trust sincerely thank everyone for their invaluable 5UPPOrt and encouragement. Dr David R. White Trustee
The Creative Learning Trust
The Creative Learning Trust Charitable Incorporated Organisation Registered Charity No. 1171949 2022123 2021122 Tangible Flxed Assets Plant & Equipment Investments Note 8 Note 9 Current Assets Debtors Cash at Bank and in Hand Note 10 41,017 41,017 40,496 40,496 Creditors . Amounts falling due wlthin one year Net Current Assets Note 11 150 40,867 150 40,346 Net Assets 40,867 40,346 Funds LlnrestriLted Funds General Funds Designated Funds Accumulated Donation Reserve - Unrestricted Note 12 Note13+3 30,651 30,651 10,217 40.867 29,402 29,402 11,492 40,894 Accumulated Donation Reserve - Restricted Total Funds Note13+2 Note 13 Approved by the Trustees on'2 3 and signed 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 2023
| INCOME AND EXPENDITURE INCOMING RESOURCES Grants Note 1 Grants - Legacy Estates Grants - Unrestricted General Donations Note 1 Interest Receivable ExtraordinaryGain on Investment Total Incoming Resources RESOURCES EXPENDED Schools/Clinics Upgrades Grant for Vocational Training Learning /TherapyResources Total Direct Charitable Expenditure Other Expenditure Fundraising & Publicity Management & Administration Costs Note 7 Total Resources Expended Net Incoming / (Outgoing) Resources for theyear Statement of Total Recognised Gains and Losses Net Incoming / (Outgoing) Resources for the year Realised gains and losses Net movement in funds Funds at 31 March Previous Financial Year |
2022/23 2021/22 £ £ 125 125 1,320 1,383 |
|---|---|
| 1,445 1,508 |
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| 0 321 1,525 710 |
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| 710 1,846 |
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| 0 0 214 211 |
|
| 924 2,057 |
|
| 521 (548) |
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| 521 (548) 0 0 521 (548) 40,346 40,894 |
|
| 40,867 40,346 |
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 2023
Accounting Policies
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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.
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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.
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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.
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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.
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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.
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The charity is not engaged in any trading activity and is therefore not liable for corporation tax.
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The financial period for which these accounts cover is from 1 April 2022 to 31 March 2023 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 | 2022/23 Fundraising |
|---|---|
| Grants | 125 |
| General Donations | 1,320 |
| Total | 1,445 |
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 (now called_Kozmutza Flóra_ Hallássérültek Speciális Iskolája). |
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 | 179.16 | 125 | 304.16 | |
| Totals | 10,091.54 | 125 | 10,216.54 |
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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
Goods delivered by the 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 delivered to Romania are donated to known and trusted Romanian colleagues and charities, such as Asociatia KOFLEG, a charitable association run by the Hungarian school Kozmutza Flóra Hallássérültek Speciális Iskolája in Cluj-Napoca, Romania.
Funds are transferred to the FRSCE, Kozmutza Flóra or selected Romanian companies for the purchase of goods and services needed to maintain and develop projects in Romania. These include:
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Books (Romanian and Hungarian) for school libraries;
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Refurbishing work on classrooms and other facilities at schools in Cluj-Napoca;
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Purchase of educational materials, in particular for speech and language therapies undertaken
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in Romania and the UK;
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Purchase of furniture, materials and the costs of miscellaneous building, plumbing,
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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 | 64 | 64 | ||
| Learning / Therapy Resources | 710 | 710 | ||
| Totals | 710 | 0 | 214 | 924 |
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Reserves Policy
The CLT 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 are developing 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:
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I. Fundatia Romana pentru Stiinte Clinice si Educatie (FRSCE). The FRSCE has five trusted Romanian colleagues as Trustees (three clinicians and two special needs teachers), together with David R. White.
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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.
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dl TH RNIN TRU Charitable Incorporated Organisation Registered Charity No.1171949 As described on the balance sheet, you are responsible for the preparation of the accounts for the accounting period l April 2022 to 31 March 2023, set out on pages I to 5 and It Is your bellef that the company is exempt from the requirement to have an audit. In accordance with instructions that you gave to me, I have examined these unaudited accounts, in order to assist you to fulfil your statutory responsibilities. No matter has come to my attention, which in my oplnlon, needs to be considered to understand the accounts other than those covered in the Notes that accompany it (pages 3-5). kl ,(,,LL4 Aunali Sadikot, FCA Date