2023-03-31-accounts - Keighley Creative

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Keighley Creative

Charity number 1190497

Annual Report and Financial Statements

for the period ended 31 March 2023

Keighley Creative

Annual Report and Financial Statements for the period ended 31 March 2023

Contents	Page
Trustees' report	2 to 4
Examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the accounts	8 to 12

Prepared by West Yorkshire Community Accountancy Service CIO

Keighley Creative

Trustees' report for the period ended 31 March 2023

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial period and up to and including the date the report was approved were: Name Position Dates

Name Position Dates Susan Mendoza Chair Resigned 16 December 2022 Georgina Webster Vice Chair Charles Oxtoby Treasurer Bob Smith Riaz Meer Fiona Sherburn Damian Kearns Resigned 20 December 2022 Janet Smithies Rachel Rickards Charity number 1190497 Registered in England and Wales Registered and principal address Bankers 3-7 Cooke Lane Virgin Money Keighley BD21 3PF

Independent examiner

Rhys North ACA West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a Charitable Incorporated Organisation (CIO) foundation formed on 21 July 2020 and is governed by a constitution.

Method of recruitment and appointment of trustees

The trustees of the charity are appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.

Keighley Creative

Trustees' report (continued) for the period ended 31 March 2023

Objectives and activities

The charity's objects

To promote and advance the visual arts in all their forms in particular but not exclusively by:

a) exhibiting works of artistic excellence
b) providing gallery and studio space and other facilities to enable the public to engage with the arts and the public display of artwork

To advance the education of the public in the arts and crafts in particular but not exclusively by the provision of a community arts centre, a community library, workshops, classes and art sessions.

The charity's main activities

Running a community arts centre hosting start-up artists’ studios, exhibitions, community arts engagement and events and activities in the building and in the town in various venues; arts education.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular both the promotion and advancement of the visual arts and the advancement of education in the arts and crafts.

Achievements and performance

“Excellent sense of community and joy. Really good for Keighley.” Visitor Quote about Keighley Creative

We engage with people in distinct ways - through our workshop programmes; gallery and exhibition programme; our festival and events programme; and general drop-in sessions to find out about community needs.

The Open Gallery at KC was a great example of audience engagement and participation. In August we had nearly 400 visitors come to see the ever growing collection of over 80 local artists work (we re-curated the show and added new work in each week!) Our gallery has always been an active experience for visitors, and the process of curation is often active too, designed to open new avenues of exploration up to visitors. The real magic begins as you start to speak to visitors and uncover local stories, and personal experiences of art, craft and making. It is incredible the depth and breadth of talent this part of the district has, and still isn't fully aware of! It is our job to help people recognise and develop their talents, and we linked this programme to a set of free drop-in workshops.

We hold an annual festival each year and in 2022 we put on 46 events across 11 venues, reaching 2,000 people in the community. 100% of the people interviewed said they want more work like this to take place, and felt encouraged to visit the town centre again. 93% said they had increased pride in place and felt more a part of the community, a great achievement.

Our Festival and Events programme regularly puts on work for diverse audiences to engage with. Recent highlights have been the Qawwali and Peace Meal. We ran our first Qawwali evening, which attracted over 100 people from our South Asian communities, bringing in visitors from across Yorkshire. For many local residents this was their first opportunity to attend a Qawwali which was fantastic. Our first Peace Meal was another highlight, bringing together different faith and community groups and individuals to share stories and experiences of their Journeys into Keighley, and share a meal at Keighley Shared Church. The success of this event has led to future Peace Meals being planned.

Keighley Creative

Trustees' report (continued) for the period ended 31 March 2023

Achievements and performance continued

The studio holder programme, which has had 23 artists/makers directly benefit from subsidised, low-cost studio spaces, and 156 benefit through artist meet ups, events, and work opportunities for early career and established creatives, and support bid-writing. By far our largest live audience numbers this year were in the traditional sense - we had over 30,000 visitors across the year visit our Following Threads exhibition at Bradford Industrial Museum. Following Threads was an exhibition of new studio holder work inspired by the Bradford Museum and Gallery Collections on the theme of Industry and Environment. This gave us access to much larger audience numbers, and has led to studio holders getting freelance employment opportunities, and schools using work made for the exhibition as starting points for new schemes of work. The launch event was one of the first post-Covid and high numbers were in attendance. It did highlight the need to continue to do safe distancing previews though in future, so as not to isolate an already vulnerable group.

Our work reduces social isolation and combats social anxiety and loneliness. This has been highlighted through our Arts for Brain Health Programme linked to Social Prescribing. Monday Creative continues to run as a part of this programme, a weekly group benefitting local people living with dementia and other long term neurological conditions. It is being recognised as a programme of excellence across the district, with several agencies now referring into it.

We build a sense of community pride and celebration. Regular events linked to holidays and our festival are cementing relationships with community organisations and partners, and local families. There are regular requests for us to coordinate future events like these and drop-in activities designed to boost retail footfall across the town and give access to families on low income to participate in the arts. We have recently worked with the Bradford Markets team to deliver workshops for families in Keighley and Oastler Market, and are working with local small-business collectives to design future programmes including Makers Markets.

Walkabout acts like the Bradford Belles, Sloths and stilt-walkers are also very popular. Local teenage audiences are interested in these pop-up events, and we would like to put more on in the future as entertainment, participation opportunities, and conversation starters for some of our young people, who currently have very little they can access in Keighley by way of leisure and relaxation activities. Music is also really important in this our festival and events work, and we're looking to showcase more local talent in the future. Recent audiences drawn together to watch West Riding perform in the shopping centre were moved to see local performers of such a high quality. One person said proudly, "So I could be like that one day!"

Financial review

The net expenditure for the period was £28,392, including net income of £9,867 on unrestricted funds and net expenditure of £38,259 on restricted funds, after transfers.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £31,298.

The charity moved premises in November 2022 and the minimum unrestricted reserves required to fund unplanned closure of the charity based on these premises is estimated at £15,550. The Board therefore always plan to maintain unrestricted funds of at least this amount.

Plans are still being pursued to develop a building in Keighley Town Centre for use by Keighley Creative as part of the Government’s Town’s Fund grant scheme. Consequently, retaining a slightly higher level of unrestricted reserves is considered prudent by the Board given possible future spend in relation to the building development.

The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.

Approved by the board of trustees on 6/11/2023

Charles Oxtoby (Trustee)

Keighley Creative

Independent examiner's report to the trustees of Keighley Creative

I report to the charity trustees on my examination of the accounts of the CIO for the period ended 31 March 2023, which are set out on pages 6 to 12.

Responsibilities and basis of report

As the charity trustees of the CIO 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 CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the 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 charity as required by section 130 of the Charities Act; 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.

Rhys North ACA

9/11/2023

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Keighley Creative

Statement of Financial Activities

(including summary income and expenditure account) for the period ended 31 March 2023

Notes 1.8.22 to 31.3.23 Unrestricted funds £ Income from: Grants and donations (2) 29,250 Contract income - Studio fees 5,169 Art sales - Venue hire 8,250 Bank interest 5 Ticket sales and commissions 2,280 Total income 44,954 Expenditure on: Salaries NI and pensions (3) 10,800 Payroll fees 238 Freelance fees 214 Project delivery costs 1,932 Repairs, cleaning and maintenance 1,119 Rates and service charges 6,324 Professional fees 150 Office and postage costs 171 Telephone and IT 257 Utilities 11,530 Insurance 1,796 Website 864 Membership and subscription fees 180 Travel costs - Bad Debts 103 Independent examination 1,134 Total expenditure 36,812 Net income / (expenditure) 8,142 Transfers between funds (4) 1,725 Net movement in funds 9,867 Fund balances brought forward 21,431 Fund balances carried forward (4) 31,298	1.8.22 to 31.3.23 Restricted funds £ 110,588 - - - - - 571 111,159 38,267 - 9,537 31,623 17,672 - 49,139 79 14 1,362 - - - - - - 147,693 (36,534) (1,725) (38,259) 119,565 81,306	1.8.22 to Year ending 31.3.23 31.7.22 Total Total funds funds £ £ 139,838 222,812 - 24,999 5,169 11,305 - 509 8,250 1,405 5 2 2,851 1,309 156,113 262,341 49,067 46,309 238 324 9,751 61,265 33,555 58,564 18,791 5,853 6,324 - 49,289 11,400 250 924 271 422 12,892 6,976 1,796 586 864 828 180 23 - 108 103 - 1,134 1,080 184,505 194,662 (28,392) 67,679 - - (28,392) 67,679 140,996 73,317 112,604 140,996

All incoming resources and resources expended derive from continuing activities.

Keighley Creative

Balance sheet

as at 31 March 2023 2023 Unrestricted £ Current assets Debtors and prepayments (5) 3,192 Cash at bank 38,893 Total current assets 42,085 Current liabilities: amounts falling due within one year Creditors and accruals (6) 10,787 Total current liabilities 10,787 Net current assets / (liabilities) 31,298 Net assets 31,298 Funds Unrestricted funds 31,298 Restricted funds - Total funds 31,298	2023 Restricted £ - 81,720 81,720 414 414 81,306 81,306 - 81,306 81,306	2023 Total £ 3,192 120,613 123,805 11,201 11,201 112,604 112,604 31,298 81,306 112,604	31.7.22 Total £ 197 142,922 143,119 2,123 2,123 140,996 140,996 21,431 119,565 140,996

The financial statements were approved by the board of trustees on 6/11/2023

Charles Oxtoby (Trustee)

Keighley Creative

Notes to the accounts

for the period ended 31 March 2023

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Keighley Creative

Notes to the accounts continued

for the period ended 31 March 2023

2 Grants and donations Bradford Culture Company Limited (BCCL) Bradford District Community Foundation (BDCF) Bradford Metropolitan District Council (BMDC) Bradford Producing Hub (BPH) Keighley Town Council (KTC) Leeds Community Foundation (LCF) Marsh Christian Trust (MCT) University of Bradford Intercultural Fund Keighley Business Improvement District (BID) National Lottery Community Fund (NLCF) National Lottery Heritage Fund (NLHF) Sir George Martin Trust The Leap Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions	1.8.22 to 31.3.23 Unrestricted funds £ - - 17,500 - 500 - - - - - - - - - 11,250 29,250	1.8.22 to 31.3.23 Restricted funds £ 2,656 10,000 78,253 3,700 - 14,980 500 - - - - - - - 499 110,588	1.8.22 to 31.3.23 Total funds £ 2,656 10,000 95,753 3,700 500 14,980 500 - - - - - - - 11,749 139,838 2023 £ 47,000 3,592 (2,475) 950 49,067	Year ending 31.7.22 Total funds £ - - 178,828 - 4,000 10,000 - 750 300 5,000 9,900 9,920 2,588 1,500 26 222,812 2022 £ 45,418 3,633 (3,633) 891 46,309

The average number of employees during the year was 2.5, being an average of 2 full time equivalent (2022: 2.3, 1.4 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme	2023	2022
	£	£
Costs of the scheme to the charity for the year	950	891
Amount of any contributions outstanding at the year end	-	147

Keighley Creative

Notes to the accounts continued

for the period ended 31 March 2023

4 Restricted funds LCF - Arts for Brain Health NLCF - BAME Engagement BPH - Away Day BMDC - Video Camera BMDC - Transformation Fund BCCL - Mini Seed Commission BDCF - Local Access Fund BMDC - Industrial Museum BPH - Transforming Spaces LCF - Keighley Health MCT - Drawing Box Project Sir George Martin Trust Other KAFF BMDC - Towns Fund Building BMDC - KAFF KTC - Youth Art BDMC - Premises support	Balance b/f £ - 8,989 - 250 800 - - 700 - 4,013 - 2,588 1,059 98,853 921 1,392 - 119,565	Incoming £ 14,980 - 1,200 - - 1,656 10,000 - 2,500 - 500 - 2,070 - 70,253 - 8,000 111,159	Outgoing £ 2,200 8,989 1,200 - 800 - - 500 2,120 3,474 - 2,588 - 59,451 57,161 1,210 8,000 147,693	Transfers £ - - - - - - - (200) - (539) - - - - (804) (182) - (1,725)	Balance c/f £ 12,780 - - 250 - 1,656 10,000 - 380 - 500 - 3,129 39,402 13,209 - - 81,306

Fund name

LCF - Arts for Brain Health NLCF - BAME Engagement

BPH - Away Day BMDC - Video Camera BMDC - Transformation Fund BCCL - Mini Seed Commission BDCF - Local Access Fund

BMDC - Industrial Museum

BPH - Transforming Spaces LCF - Keighley Health

MCT - Drawing Box Project Sir George Martin Trust Other KAFF

BMDC - Towns Fund Building BMDC - KAFF

KTC - Youth Art

BDMC - Premises support

Purpose of restriction

To support a dementia arts project.

To support and enable the engagement of BAME communities in arts and cultural activities.

To support the organisational development of the charity. To part fund a video camera.

To fund HR and Social Media support. To support the development of an outdoor exhibition.

To support the development of the charity's business plan and funding and promotion strategies.

To create a bespoke art exhibition at the Bradford Industrial Museum. The transfer is for a contribution towards overhead costs.

To enable the development of studio, gallery and performance spaces. To support a dementia arts project. The transfer is for a contribution towards overhead costs.

To support 'Yorkshire Roses' family workshops.

To support summer holiday family creativity workshops.

Donations, ticket sales and commissions to support the Keighley Arts and Film Festival (KAFF).

To support the purchase and redevelopment of a new premises.

To support the Keighley Arts and Film Festival (KAFF). The transfer is for a contribution towards overhead costs.

To support a youth arts project. The transfer is for a contribution towards overhead costs.

To contribute towards the occupancy costs of the Bradford Film Hub.

Keighley Creative

Notes to the accounts continued

for the period ended 31 March 2023

5 Debtors and prepayments Debtors Prepayments Other debtors 6 Creditors and accruals Creditors Accruals Other creditors	2023 £ 360 582 2,250 3,192 2023 £ 10,067 1,134 - 11,201	31.7.22 £ - 197 - 197 2022 £ 699 1,080 344 2,123

7 Related party transactions

Donations from trustees and related parties

The total aggregate value of unconditional donations to the charity from the trustees or related parties was £9,000 (2021: £nil).

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits Stephen Manthrop Janet Smithies Trustee Freelance fees Trustee Freelance fees Name of trustee or related party Relationship to charity Description of transaction	2023 £ - - -	2022 £ 100 100 200

No other trustee received any remuneration or benefit during this or the previous year.

Keighley Creative

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the period ended 31 March 2023

1.8.22 to Year ending 31.3.23 31.7.22 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 29,250 10,026 Contract income - 24,999 Studio fees 5,169 11,305 Art sales - 509 Venue hire 8,250 1,405 Bank interest 5 2 Ticket sales and commissions 2,280 1,249 Total income 44,954 49,495 Expenditure Salaries NI and pensions 10,800 17,826 Payroll fees 238 324 Freelance fees 214 6,651 Project delivery costs 1,932 19,564 Repairs, cleaning and maintenance 1,119 5,353 Rates and service charges 6,324 - Professional fees 150 - Office and postage costs 171 323 Telephone and IT 257 249 Utilities 11,530 3,876 Insurance 1,796 508 Website 864 828 Membership and subscription fees 180 23 Travel costs - - Bad Debts 103 - Independent examination 1,134 1,080 Total expenditure 36,812 56,605 Net income / (expenditure) 8,142 (7,110) Transfers between funds 1,725 3,443 Net movement in funds 9,867 (3,667) Fund balances brought forward 21,431 25,098 Fund balances carried forward 31,298 21,431	1.8.22 to Year ending 31.3.23 31.7.22 Restricted Restricted funds funds £ £ 110,588 212,786 - - - - - - - - - - 571 60 111,159 212,846 38,267 28,483 - - 9,537 54,614 31,623 39,000 17,672 500 - - 49,139 11,400 79 601 14 173 1,362 3,100 - 78 - - - - - 108 - - - - 147,693 138,057 (36,534) 74,789 (1,725) (3,443) (38,259) 71,346 119,565 48,219 81,306 119,565	1.8.22 to Year ending 31.3.23 31.7.22 Total Total funds funds £ £ 139,838 222,812 - 24,999 5,169 11,305 - 509 8,250 1,405 5 2 2,851 1,309 156,113 262,341 49,067 46,309 238 324 9,751 61,265 33,555 58,564 18,791 5,853 6,324 - 49,289 11,400 250 924 271 422 12,892 6,976 1,796 586 864 828 180 23 - 108 103 - 1,134 1,080 184,505 194,662 (28,392) 67,679 - - (28,392) 67,679 140,996 73,317 112,604 140,996

Keighley Creative

Charity number 1190497

Annual Report and Financial Statements

for the period ended 31 March 2023

Keighley Creative

Annual Report and Financial Statements for the period ended 31 March 2023

Contents	Page
Trustees' report	2 to 4
Examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the accounts	8 to 12

Prepared by West Yorkshire Community Accountancy Service CIO

Keighley Creative

Trustees' report for the period ended 31 March 2023

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial period and up to and including the date the report was approved were: Name Position Dates

Independent examiner

Rhys North ACA West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a Charitable Incorporated Organisation (CIO) foundation formed on 21 July 2020 and is governed by a constitution.

Method of recruitment and appointment of trustees

The trustees of the charity are appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.

Keighley Creative

Trustees' report (continued) for the period ended 31 March 2023

Objectives and activities

The charity's objects

To promote and advance the visual arts in all their forms in particular but not exclusively by:

a) exhibiting works of artistic excellence
b) providing gallery and studio space and other facilities to enable the public to engage with the arts and the public display of artwork

To advance the education of the public in the arts and crafts in particular but not exclusively by the provision of a community arts centre, a community library, workshops, classes and art sessions.

The charity's main activities

Public benefit statement

Achievements and performance

“Excellent sense of community and joy. Really good for Keighley.” Visitor Quote about Keighley Creative

Keighley Creative

Trustees' report (continued) for the period ended 31 March 2023

Achievements and performance continued

Financial review

The net expenditure for the period was £28,392, including net income of £9,867 on unrestricted funds and net expenditure of £38,259 on restricted funds, after transfers.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £31,298.

Approved by the board of trustees on 6/11/2023

Charles Oxtoby (Trustee)

Keighley Creative

Independent examiner's report to the trustees of Keighley Creative

I report to the charity trustees on my examination of the accounts of the CIO for the period ended 31 March 2023, which are set out on pages 6 to 12.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('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 charity as required by section 130 of the Charities Act; 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.

Rhys North ACA

9/11/2023

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Keighley Creative

Statement of Financial Activities

(including summary income and expenditure account) for the period ended 31 March 2023

Notes 1.8.22 to 31.3.23 Unrestricted funds £ Income from: Grants and donations (2) 29,250 Contract income - Studio fees 5,169 Art sales - Venue hire 8,250 Bank interest 5 Ticket sales and commissions 2,280 Total income 44,954 Expenditure on: Salaries NI and pensions (3) 10,800 Payroll fees 238 Freelance fees 214 Project delivery costs 1,932 Repairs, cleaning and maintenance 1,119 Rates and service charges 6,324 Professional fees 150 Office and postage costs 171 Telephone and IT 257 Utilities 11,530 Insurance 1,796 Website 864 Membership and subscription fees 180 Travel costs - Bad Debts 103 Independent examination 1,134 Total expenditure 36,812 Net income / (expenditure) 8,142 Transfers between funds (4) 1,725 Net movement in funds 9,867 Fund balances brought forward 21,431 Fund balances carried forward (4) 31,298	1.8.22 to 31.3.23 Restricted funds £ 110,588 - - - - - 571 111,159 38,267 - 9,537 31,623 17,672 - 49,139 79 14 1,362 - - - - - - 147,693 (36,534) (1,725) (38,259) 119,565 81,306	1.8.22 to Year ending 31.3.23 31.7.22 Total Total funds funds £ £ 139,838 222,812 - 24,999 5,169 11,305 - 509 8,250 1,405 5 2 2,851 1,309 156,113 262,341 49,067 46,309 238 324 9,751 61,265 33,555 58,564 18,791 5,853 6,324 - 49,289 11,400 250 924 271 422 12,892 6,976 1,796 586 864 828 180 23 - 108 103 - 1,134 1,080 184,505 194,662 (28,392) 67,679 - - (28,392) 67,679 140,996 73,317 112,604 140,996

All incoming resources and resources expended derive from continuing activities.

Keighley Creative

Balance sheet

as at 31 March 2023 2023 Unrestricted £ Current assets Debtors and prepayments (5) 3,192 Cash at bank 38,893 Total current assets 42,085 Current liabilities: amounts falling due within one year Creditors and accruals (6) 10,787 Total current liabilities 10,787 Net current assets / (liabilities) 31,298 Net assets 31,298 Funds Unrestricted funds 31,298 Restricted funds - Total funds 31,298	2023 Restricted £ - 81,720 81,720 414 414 81,306 81,306 - 81,306 81,306	2023 Total £ 3,192 120,613 123,805 11,201 11,201 112,604 112,604 31,298 81,306 112,604	31.7.22 Total £ 197 142,922 143,119 2,123 2,123 140,996 140,996 21,431 119,565 140,996

The financial statements were approved by the board of trustees on 6/11/2023

Charles Oxtoby (Trustee)

Keighley Creative

Notes to the accounts

for the period ended 31 March 2023

1 Accounting policies

Basis of accounting

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Expenditure and liabilities

Taxation

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Keighley Creative

Notes to the accounts continued

for the period ended 31 March 2023

2 Grants and donations Bradford Culture Company Limited (BCCL) Bradford District Community Foundation (BDCF) Bradford Metropolitan District Council (BMDC) Bradford Producing Hub (BPH) Keighley Town Council (KTC) Leeds Community Foundation (LCF) Marsh Christian Trust (MCT) University of Bradford Intercultural Fund Keighley Business Improvement District (BID) National Lottery Community Fund (NLCF) National Lottery Heritage Fund (NLHF) Sir George Martin Trust The Leap Other donations 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions	1.8.22 to 31.3.23 Unrestricted funds £ - - 17,500 - 500 - - - - - - - - - 11,250 29,250	1.8.22 to 31.3.23 Restricted funds £ 2,656 10,000 78,253 3,700 - 14,980 500 - - - - - - - 499 110,588	1.8.22 to 31.3.23 Total funds £ 2,656 10,000 95,753 3,700 500 14,980 500 - - - - - - - 11,749 139,838 2023 £ 47,000 3,592 (2,475) 950 49,067	Year ending 31.7.22 Total funds £ - - 178,828 - 4,000 10,000 - 750 300 5,000 9,900 9,920 2,588 1,500 26 222,812 2022 £ 45,418 3,633 (3,633) 891 46,309

The average number of employees during the year was 2.5, being an average of 2 full time equivalent (2022: 2.3, 1.4 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme	2023	2022
	£	£
Costs of the scheme to the charity for the year	950	891
Amount of any contributions outstanding at the year end	-	147

Keighley Creative

Notes to the accounts continued

for the period ended 31 March 2023

4 Restricted funds LCF - Arts for Brain Health NLCF - BAME Engagement BPH - Away Day BMDC - Video Camera BMDC - Transformation Fund BCCL - Mini Seed Commission BDCF - Local Access Fund BMDC - Industrial Museum BPH - Transforming Spaces LCF - Keighley Health MCT - Drawing Box Project Sir George Martin Trust Other KAFF BMDC - Towns Fund Building BMDC - KAFF KTC - Youth Art BDMC - Premises support	Balance b/f £ - 8,989 - 250 800 - - 700 - 4,013 - 2,588 1,059 98,853 921 1,392 - 119,565	Incoming £ 14,980 - 1,200 - - 1,656 10,000 - 2,500 - 500 - 2,070 - 70,253 - 8,000 111,159	Outgoing £ 2,200 8,989 1,200 - 800 - - 500 2,120 3,474 - 2,588 - 59,451 57,161 1,210 8,000 147,693	Transfers £ - - - - - - - (200) - (539) - - - - (804) (182) - (1,725)	Balance c/f £ 12,780 - - 250 - 1,656 10,000 - 380 - 500 - 3,129 39,402 13,209 - - 81,306

Fund name

LCF - Arts for Brain Health NLCF - BAME Engagement

BPH - Away Day BMDC - Video Camera BMDC - Transformation Fund BCCL - Mini Seed Commission BDCF - Local Access Fund

BMDC - Industrial Museum

BPH - Transforming Spaces LCF - Keighley Health

MCT - Drawing Box Project Sir George Martin Trust Other KAFF

BMDC - Towns Fund Building BMDC - KAFF

KTC - Youth Art

BDMC - Premises support

Purpose of restriction

To support a dementia arts project.

To support and enable the engagement of BAME communities in arts and cultural activities.

To support the organisational development of the charity. To part fund a video camera.

To fund HR and Social Media support. To support the development of an outdoor exhibition.

To support the development of the charity's business plan and funding and promotion strategies.

To create a bespoke art exhibition at the Bradford Industrial Museum. The transfer is for a contribution towards overhead costs.

To enable the development of studio, gallery and performance spaces. To support a dementia arts project. The transfer is for a contribution towards overhead costs.

To support 'Yorkshire Roses' family workshops.

To support summer holiday family creativity workshops.

Donations, ticket sales and commissions to support the Keighley Arts and Film Festival (KAFF).

To support the purchase and redevelopment of a new premises.

To support the Keighley Arts and Film Festival (KAFF). The transfer is for a contribution towards overhead costs.

To support a youth arts project. The transfer is for a contribution towards overhead costs.

To contribute towards the occupancy costs of the Bradford Film Hub.

Keighley Creative

Notes to the accounts continued

for the period ended 31 March 2023

5 Debtors and prepayments Debtors Prepayments Other debtors 6 Creditors and accruals Creditors Accruals Other creditors	2023 £ 360 582 2,250 3,192 2023 £ 10,067 1,134 - 11,201	31.7.22 £ - 197 - 197 2022 £ 699 1,080 344 2,123

7 Related party transactions

Donations from trustees and related parties

The total aggregate value of unconditional donations to the charity from the trustees or related parties was £9,000 (2021: £nil).

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits Stephen Manthrop Janet Smithies Trustee Freelance fees Trustee Freelance fees Name of trustee or related party Relationship to charity Description of transaction	2023 £ - - -	2022 £ 100 100 200

No other trustee received any remuneration or benefit during this or the previous year.

Keighley Creative

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the period ended 31 March 2023

1.8.22 to Year ending 31.3.23 31.7.22 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 29,250 10,026 Contract income - 24,999 Studio fees 5,169 11,305 Art sales - 509 Venue hire 8,250 1,405 Bank interest 5 2 Ticket sales and commissions 2,280 1,249 Total income 44,954 49,495 Expenditure Salaries NI and pensions 10,800 17,826 Payroll fees 238 324 Freelance fees 214 6,651 Project delivery costs 1,932 19,564 Repairs, cleaning and maintenance 1,119 5,353 Rates and service charges 6,324 - Professional fees 150 - Office and postage costs 171 323 Telephone and IT 257 249 Utilities 11,530 3,876 Insurance 1,796 508 Website 864 828 Membership and subscription fees 180 23 Travel costs - - Bad Debts 103 - Independent examination 1,134 1,080 Total expenditure 36,812 56,605 Net income / (expenditure) 8,142 (7,110) Transfers between funds 1,725 3,443 Net movement in funds 9,867 (3,667) Fund balances brought forward 21,431 25,098 Fund balances carried forward 31,298 21,431	1.8.22 to Year ending 31.3.23 31.7.22 Restricted Restricted funds funds £ £ 110,588 212,786 - - - - - - - - - - 571 60 111,159 212,846 38,267 28,483 - - 9,537 54,614 31,623 39,000 17,672 500 - - 49,139 11,400 79 601 14 173 1,362 3,100 - 78 - - - - - 108 - - - - 147,693 138,057 (36,534) 74,789 (1,725) (3,443) (38,259) 71,346 119,565 48,219 81,306 119,565	1.8.22 to Year ending 31.3.23 31.7.22 Total Total funds funds £ £ 139,838 222,812 - 24,999 5,169 11,305 - 509 8,250 1,405 5 2 2,851 1,309 156,113 262,341 49,067 46,309 238 324 9,751 61,265 33,555 58,564 18,791 5,853 6,324 - 49,289 11,400 250 924 271 422 12,892 6,976 1,796 586 864 828 180 23 - 108 103 - 1,134 1,080 184,505 194,662 (28,392) 67,679 - - (28,392) 67,679 140,996 73,317 112,604 140,996

Keighley Creative

Independent examiner's report to the trustees of Keighley Creative

I report to the charity trustees on my examination of the accounts of the CIO for the period ended 31 March 2023, which are set out on pages 6 to 12.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('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 charity as required by section 130 of the Charities Act; 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.

Signed: …………………………………… Name: Rhys North ACA

9/11/2023

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW