Cryny number. 11633729 Create Sheffield Annual Rep(Kt and Unaudlted Flnandal Statements for the year ended 31 Marth 2024
Contents Le8al and administratlve Infomi*ion Twustees. anrmwl report Independent Examlnerfs Tewrt Slatement of financial actwities Balance Sheet Notes to the financial aternents 10-14
CJeatr Sheffield tor the year ended 31 2024 Amy Bannister Slephen Betts E(Pward Mackay lan Naylof James Smythe Margot Waer Paul Duffus R(¥er Bateman Alexandrn Woodall Patricla Cochrane Matthew Goodland ResId 30 April 2023 Resjned 8 June 2023 Re518ned 31 March 2024 Re$wd 14 ¥ember 2023 Appointed 8 June 2023 Pioyamme Manager Laura Travls (from Marth 2023) Management acCntartt Samantha [fiker Clo Learn sheffld Sulte 6 Albbon H•)use Savile Street Shefflekl S4 7UD C4)mpany Number 11633729 Chiity number 1189387 Seven Hi115 Accountants Limited 57 Burton Slreet Sheffield S6 2HH
for the ar ended 31 Mwth 2024 The trustees are pleased to present their annual dwe(ty5' reixyt t{WrWIth ihe financi•l Statements of the charlty forthe yearend12 31 Marth 2024 whKh are a150 prepared to meet the requirements for a dlrectors, report and a(rountsfor Companies Art purposes. The finantial statements tompty wlth the Charities Art 201L the Companies Act 2(K16. the MemoTrndum and Artth of AssociatM)n. and the charities Statement of Recommended Practice lappllcable to charttles weparln8 iheir accounts in a[adance with the Financial Report¥ Standard awknble In ihe UK and Rewbllc of Ireland: FRS 1021 tssued In October 2019. Create Sheffield Is a c(mpany liniied arantee governed Iy Its Artkles of Awdatlon reBlslered In En8land and Wales. The company adopted wholly charttable Artlths of ASSOCI with effect from 26 November 2019 and was reCnIsed by HMRC as a dmrityfortax purw15e5 wlth effect from that date. The a)mpany became wlstered with the Charity Commission in Eland and Wales on 6 Mav 2020. The Ttee$ also art as Directots forthe purp(tses of company law and hohl no share capltal. There are currentty 7 members and the li•bility of each in the event of a w1ndl-uP is £1. The entity is now govemed by a Board of seven Trustees follwlng the recruitment of one new trustee and the resi8natk)n of fourtrustees durfng the period. Folkrwir¥ the retlrement of our Sheffiekl aty Council obseNer we are wailing for thelr placeMent lo start in the role. We plan to recrult new trustees In 2024. we are looking for truslee5 With lived experlence of faciTra barTiers to WOTkin8 In the creatfve Indu5trs as well as those with senky Wlerexperle in education. Oble¢llv¢s and acthltles Create Sheffiekl 15 Sheffiews Local Cultural Educatlon Partnershlp ILCEPI. Create Sheffield alms to enga8e all children and people acwoss Sheffiekl with the arts and cUlra1 industries. worklng to rem(Ne barrlers to engagement where thry exist. We work strategicalty with a ran8e of organlsatk>ns and are here to facilitate and celebrate youry people'5 participation in arts and culture. In shaplng our obiertives forthe year and Plann1 our acti¥itie5. the Trustees have considered the Charity Commisslon's BUIdan on public benefft. Incklding the guidance'wblic benefft: Tunnlng a charity IPB21'. The charl$ visK*n ts for"Allchildren ond people in Slffld to have thesome
forthe year ended 31 Marth 2024 The pefknd l Awll 2023- 31 March 2024 has seen conshjerable chan8e at Clte Sheffield. Until March 2023. thate Sheffld. like all LCEPS in Yorkshire arnl Humber was supported by the regional Brfdge oryanlsation. We afe IVE. Ten re8)nal Brle oryanlsatlons had been funded by the Arts Councl En8land (A) to work In a bmkerage fole between schools and arts organlsatk•n slnce 2012. Thls fundln8 ceased kn Marth 2023. and We Are IVE also k)st A contlnuatic•n fiM)din& The end of thi5 SUPPOrt from We awt IVE, as well as a in slaff at Create Sheffield, offered the opportunity to rellect. review ar consult with partners as well as with thildren and YOU people ross Sheffield. Resldual Income from ACE pioiect grants, as well as matth fundlng from the Virtual School. allowed pleces of researth into city-wide stMe8k tssues to be commis5e. The first commi55K)n focused on what people and organisatK)ns would want. and need, fmm a partnershlp wlth Create Sheffield. ItMJ% of participatin8 partner OanIsatIOnS 5aSd tly found the network helpfvl. Thry experienced better actess to trnininB or inforniatw)n. hryher wblic awareness of Ihelr work and found that people had more tnth In their or8anbatlon. The researth h18hIted that partners needed to be from bryond the arts & cultural sector. A5 a result. Create Sheffield have been rtfvely recrnltlrg partner5 frorn strategic, community and educatlon sector5. By bulldlng a stron8ef. more connected netrwork of people who work wlth chlldren and youn8 people and are enthuslastlc alxwt the positive knpact that engagement wilh arts & cuhural have. we are better positioned to achie¥e Our charltable aims. A second commtsslon. Creallvlty for All. w•5 researcld lry the Vokn & Infiuenceteam. The team are all carfrexperlenced young people from Sheffield aThJ are emerglry experts In gatherfng the vokes of seldom-heard YOU people. The team consulted wlth chIldn and youry people In the more deprlved areas of Sheffkl abLXrt wh theythought arts & oJllurÈ was. what It meant to them and what they would Ilke to see more of In the fvture and where. The reFK)rt, as well as forrnlng the bas15 forihe Create sheffield 5trateBic plan has been used by other provide in the city to inform their Addltk>nalfy. Create Sheffleld has offered 5upkrt. athe. and tTrknirvx for people and oryanlsatlons. who work wlth chlldren and younE &wle- Includlr teadrs. arttsts. creatNes and those working in community youth ser4ices In ihe dty- to as5iSt with the efficiew and effectiveness of thelr offer for young people. Create Sheffld has worked to Iwing oryanlsatknns t(Wher. to create spaces where people can leam tcgether with the common goal of leamiTra about each otherfs need5. and to improve and incrse the quality of the offers available to children and young people.
Tryet$. annual report.tontlnl for the year ended 31 M¥th a124 Future Plans The commissloned research carried out thls year has strtn8thened bellef that every chlhj and young person in Sheffield deserves the same attess to creative exwession. no mattertheir background. Create Sheffld'S Strategy and ww)ritie5. for the next year and beyond, are being redeveloped in line wlth the11Thll of the research. We are dofj thls at a tkne when creatlve expresslon 15 rapidly di5appeariry from our educatlon estsbl•shments and so the need to flnd dlfferent ways to ensure equltaL4e acces5 Is 8reater. The Create Sheffiell team are worklr wlth strateglc partners to ensure that chlhjren. YOU people and ethcatknn are all firnity embeikled in the ciivs forthcomi& new cultural strate8V. We are worklng wilh partnefs. In¢kIng Sheffield CAY Council, to submh fundlng appIltIOnS for various project grants. These proietts wll lund actlvlty in lkne wlth our charltsb objectbS as well as contribute lo the core costs of funningthe or8anisation. We know that our current funding model 15 not 5ustsinable and are v•orking on a local regional and natlonal level to demonstrate the Importance of local cultural education partnerships wlth the alm of hav1 a more sustshwlJe fvndin8 model ID Flnanclal Revlew Throu8h 2023-24 the charlty h•$ Contlnued to on the Arts Cjncll End Partnershlp Investment projects th It wa5 SUCCtssful In secuth lowards the end of the 2022-23 finCI•l ye•r. The charity Iwht a sl8nlknnt restrlrted rese foTh¥ard from the 2022-23 yearto support thls. Resldual Income was also recetr1 In year as Ilnal settlemeni for the Partnershlp Investment projects. These projects have been used to enable the tharity to dr4ersify with the alm of treatlrlq a sustainable Model to support the charws ow11 work The charity was notified * the start of the perkxl that there would be no TewbrtI requirements follow1 the end of We are IVE. brMe activitywith the Arts Councll. Uniestflrted reserves have increased $18nlfkath dur1 the pefiod. This 15 reflection of an inuEa5e In fvrKlin8 Sources and a conttrwath)n of membef contrilxrtmjns to cowthe day to day runn1 costs of the charlty. The charitys aim is to maintsin unreStrted funds as wCKkA capltsl to a that represents * least 3 months of runniry costs Icaknlated at £17.(MXII to a*J cash fkvw and pr(Y4ide foran orderty wlnd down In the event of an Ued reduction in fundi
Create Sheffield farthe y2ar ended 31 Marth 2024 Reserves (contlnued) The charity is (Jjrrentty exceed1 thls alm whlle contInulA to be mlndfvl of the future challenge5 that onfroff fundi pr(wldes to SUStalnablllty. Whllsl meMberfund1 has been secured to fund the day to day runnlng of the organlsatlon beyoThl thls Ilnanclal year. the Tntslees and stsff team contlnue to seek newfvndln8 OPlX>rtunltles Its membets. At ihe end ofthe current finandal yearthe Iv4el of fm leserts 15 £38.722121Y23: £13.5471 The charlty truslees (who are also the dlrectors of the chathy for the purposes of company lawl are responslble for preparing a Trustee annual report and financial ststemerrts In accordance with applicable law and Unlted Kln8dom AccouffllNd Standards {Unlted ngdoM Generally Atteoed Account1 Practke). The report and accounts hwe been prepared In accordance wlth the provlslons In the Companles Ac12(Th rel•t0 small companle5. Company law requlres the charltytntstees to prepare finandal Stateme foi each wrwhkh glve a true and fair view of the stste of affairs of the dwritsble company and the group and of the incomir resources and appllcknn of resources, incWin8 the vKoffle and expenditure. of the chariLible 8fOUP forih•t perkxl. In prepari the flnancial slatements. thetrustees are requlred to: Select suitable account1 polkles and then apply them cons15tent Obser¥e the methods and prlndples In the Charltles 50RP: Makejudgements and estinates that are reasonable and prudent: State whether applkable UK accounllng stsnd•rds have been folkYed, subject to any m•terlal departures dlsckised and eyplalrthl In the fiThond•l sLitements; and Prepare the financial statements on the goi concern basls unless It Is Inapwoprlate to presume that the charity will continue in kwsiness. The truslees responsible for keeping adequate accoun11 reco th dlsclose w6th reasonab accuracy at any time the finandal posltlon of the chaflty and to enable them to ethsure thai the financial statements compty with the Companies Act 2(K6. They are a150 reswnsiNe for safe8uardlng the assets of the tharity aThJ the 8n)up and hence takln8 reasonable steps for the prevention and detection of frnud and other Irregulari5. The tru5tee5 are responsible forthe mairrtenance arrtl Integrlty of the char5ty and financsal infomiatign induded on the charitvs **bsite in accordance with legislation in the United ngdoM £0vemithe preparation and dissemination of financial staternerrts.
for the year ended 31 2024 Thts report has been prepared in acconlance with the special Pro)n5 forsmall tompanles under Part 15 of the Companies Art 21. For the fvmnclal year ended 31 March 2022 the Company was entit to exemptlon from audit under sertion 477 of the coMnieS Art 2( rehtiry to Small compbnies. The tntee5 declare that they hwe apyry4ed the truste report al on..... Syed on behall of the trustees: Name". Position:
I rewrt lo ihe tharity twstees OD my examination ofthe accounts of the Cornpary for the year ended 31 March 2024. ResprylbIlltles and bxis of ieport As the tharitrfs trustees of the Company land akn fts directo for the puryK>ses of company law) you are responsible for the preparatKn of the accounts in ar£ordance with the requirements of the Companies Act 21XKp {Ihe 2rJ)6 ALf). Havlng satisfied myselfthat the actnts ofthe Company are not required to be audited urthr Part 16 of the 26 Act and are elwdible for Inde examinatk)D. I rewrt in respect of my examlnation of your ch•riVs accounts as carrd under seclK>n 145 of the Charities Att 20111.the 2011 ACYI. In carryin8 Out my examhHtion I he fOlwed the DlrectM>ns 8wen the Charlty Cornmbsn under sectlon 145151 (bl of the 2011 Acl. I have compkned my eX1n•t)n. I confimi ih•t no matters hwe come to my attentlon In conneclm wh the examlnatlon me cause to bel¥e". l. accounting records were not kept in wespect of the Ctxnpanyas wequiwed by sertK>n 386of the 2(X16 2. the accounts do not accord with those records: or 3. the accounts do not compty wlth the accounting requlrements ofsertlon 396 ofthe 2006 Art other than any requlrement that Ihe accounts ghe a't and fairvw whlch ts not a matter consldered part of an independent examination. or 4. the acc(nts have not been prepared In accordance with the methods and prfnciples of ihe Slalement of Recornrnended Prnrtke for accountln8 and reportlng try charbtles applicable to charitles preparY* their accounts in accordance wllh the Flnanclal Reportlry 514nd4rd applkalAe In the UK and RepuNk of Ireknd IFRS 102). I have no tontorns and have cm across no other matters In connectkn) wlth the examlnatlon to whkh attention should be drawn in ihis Tew)rt In onler to enable a Fwoper Understandi of the accounts to be reached. Susan Cochrane. FCA D(hA Seven Hll& Acry>unt•nts Llmlted 57 Burton Street Sheffleld S62HH Date: ioQi
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