## Keighley Creative
Charity number 1190497
Annual Report and Financial Statements
for the year ended 31 March 2024
## Keighley Creative
## Annual Report and Financial Statements for the year ended 31 March 2024
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 5|
|Examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the accounts|9 to 13|
## **Prepared by West Yorkshire Community Accountancy Service CIO**
1
## Keighley Creative
## Trustees' report for the year ended 31 March 2024
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates** Georgina Webster Acting Chair Charles Oxtoby Treasurer Bob Smith Riaz Meer Resigned 1 May 2024 Fiona Sherburn Janet Smithies Resigned 12 September 2024 Rachel Rickards Michelle Buchan Appointed 29 September 2023 Alisa Yates Appointed 29 September 2023 Trevor Kearton Appointed 29 September 2023 Kevin O'Hare
Resigned 12 September 2024
Appointed 29 September 2023 Appointed 29 September 2023 Appointed 29 September 2023 Appointed 6 November 2023
**Charity number** 1190497 **Registered and principal address Bankers** 3-7 Cooke Lane Virgin Money Keighley BD21 3PF
Registered in England and Wales
## **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.
2
## Keighley Creative
## Trustees' report (continued) for the year ended 31 March 2024
## **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; and
- 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**
2023/24 has been a busy year for Keighley Creative as well as running a range of events and workshops, instead of holding one big annual festival, we have spread a number of events during the year. Here’s a summary of the main activities:
## **Arts for Brain Health: Monday Creative, Living Well with Dementia and Wednesday Creative**
The Monday group, an arts and crafts group for people with dementia and their carers, is now well established. This programme has now grown to include a Wednesday group , for people living with social isolation and anxiety, a weekly drop in, nature focussed workshop for adults.
## **Keighley Creative Presents: MEGA Drawing Box (MDB)**
MDB took place over two days in October 2023 in Airedale Shopping Centre. This large scale, highly successful event saw 1,000 people take part, and an increase in shopping centre footfall of 10%. This was the first event to go live as a part of the new Keighley Arts and Film Festival identity- rebranded as Keighley Creative Presents, to include a year round programme of events and celebration.
## **Artist Get Togethers & Studio Progression**
Monthly evening socials and skill shares have begun for local artists, makers and studio holders. These popular events will lead to more workshops for career progression with initial requests coming in for knowledge development around critical discourse, bid writing, BD25 opportunities, marketing, and gallery approaches. We have held two Maker Fairs and Open Studios, which 456 people attended and led to increased sales and awareness of our studio and local maker talent. We held a Bradford Producing Hub (BPH) Artist Get Together in January, to encourage more creatives from the Keighley Constituency to get involved with BPH.
## **Markets Events**
Festive events continue to be run at Keighley, funded by the Markets Service. These are great dual purpose events, that income generate and put on the family orientated community events that the town’s residents request.
## **Keighley Creative Presents: Stockroom Cinema**
A secret cinema and events space has been built in 3-7 Cooke Lane, our current home. Part funded by Keighley Creative, The Unit, and Leeds International Film Festival. This has been launched with four screenings from Leeds International Film Festival, and then led into Kala Sangam and Kerry Wright’s new theatre performance, Kailey. We have also hosted INDI’s film screenings.
3
## Keighley Creative
## Trustees' report (continued) for the year ended 31 March 2024
## **Achievements and performance continued The UNIT**
The Unit, a Bradford Council and Channel 4 content creation initiative for film and television, continue to be based in our premises and new signage has been put up in the windows to professionalise the look of the offer for the public and funders increasing footfall and uptake of events.
## **I Am Brill**
A community focussed neon light event in January, reached out to discover what is brilliant about different areas within Keighley Central and West Wards. This culminated in the I Am Brill disco at Victoria Hall, welcoming in 250 people to make and dance! Part funded by The LEAP, and Keighley’s Safer Communities initiative. This work has been born from artist and activist Letty McHugh’s Let Brilliant Talents Shine Forth work as a part of BD is Lit. Keighley Creative has helped Letty to realise this work on the front of Keighley
## **WOW: Women of the World Festival Day**
March kicked off with the joint WOW event, bringing the WOW Girls Festival Bus over to Keighley. Aimed at a teenage audience, the day was really well attended, and packed full of events, including tattoo workshops, Yorkshire Sound Network, DJ workshops, Blessing Bundles craft workshops and local youth bands and performers. 361 people attended and the event was funded by Bradford Council
## **MEGA Drawing Box**
Nearly 1,000 people took part, with a huge engagement time of 3 hours, with several families returning on day two.
_"The [Shopping] Centre saw a 4% increase year on year and over 10% month on month increase in footfall which can only be down to this event and having seen the social media and FB comments & posts it is clear everyone had a great time and there was a real buzz in the Centre.”_ Steve Seymour, Centre Manager _._
## **Development Plan**
This plan has strengthened our programming vision and values, cementing our overarching and crosscutting themes. This has led to a greater number of successful funding bids that incorporate Full Cost Recovery budgets, making Keighley Creative more sustainable in the future.
Overarching Themes: Community, Place, and Creative Industries.
Crosscutting Themes: Ways of Seeing, Health and Wellbeing, Artist Development and Progression.
## **New Temporary Home (Year one delivery)**
Settling into the new building, and continuing to develop the space has been a rewarding challenge. We now have a functional, welcoming and creative space with studios, a performance space, education space, office, editing suite, and main space for The Unit. The new window vinyls have really increased our visibility.
## **Financial review**
The net expenditure for the year was £16,281, including net income of £26,625 on unrestricted funds and net expenditure of £42,906 on restricted funds.
4
## Keighley Creative
## Trustees' report (continued) for the year ended 31 March 2024
## **Reserves policy**
The charity's free reserves, excluding fixed assets, at the year end were £57,923.
The Board annually review the minimum reserves required to fund unplanned closure and the amount agreed at the April 2024 Board Meeting is £19,504.
The charity is currently involved in the project being undertaken by East Street Arts to renovate and refurbish the old Sunwin House building in the town centre for occupation by Keighley Creative. The additional reserves being carried forward are earmarked to assist in funding the associated costs of the development and the move into new premises, currently estimated to be in 2025/26.
Approved by the board of trustees on 22/10/2024
Charles Oxtoby (Trustee)
5
## 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 year ended 31 March 2024, which are set out on pages 7 to 13.
## **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
28/10/2024
## **West Yorkshire Community Accountancy Service CIO**
Stringer House 34 Lupton Street Leeds LS10 2QW
6
## Keighley Creative
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 March 2024
|Notes
2024
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
50,288
Studio fees
11,904
Workshop income
4,550
Venue hire
20,660
Bank interest
6
Ticket sales and commissions
452
Other income
3,088
**Total income**
90,948
**Expenditure on:**
Salaries NI and pensions
(3)
22,004
Payroll fees
484
Project delivery costs
5,818
Repairs, cleaning and maintenance
5,405
Rates and service charges
13,294
Office and postage costs
1,945
Telephone and IT
466
Utilities
11,068
Insurance
716
Website
1,306
Membership and subscription fees
273
Travel costs
-
Bad Debts
-
Professional fees
2,874
Independent examination
1,230
Grant repayment
-
**Total expenditure**
66,883
**Net income / (expenditure)**
24,065
**Transfers between funds**
2,560
**Net movement in funds**
26,625
**Fund balances brought forward**
31,298
**Fund balances carried forward**
(4)
57,923|2024
Restricted
funds
£
149,442
-
2,750
-
-
-
700
152,892
50,183
-
80,112
2,380
-
2,347
-
4,238
-
-
461
50
-
14,065
-
39,402
193,238
(40,346)
(2,560)
(42,906)
81,306
38,400|2024
Total
funds
£
199,730
11,904
7,300
20,660
6
452
3,788
243,840
72,187
484
85,930
7,785
13,294
4,292
466
15,306
716
1,306
734
50
-
16,939
1,230
39,402
260,121
(16,281)
-
(16,281)
112,604
96,323|1.8.22 to
31.3.23
Total
funds
£
139,838
5,169
2,025
8,250
5
826
-
156,113
49,067
238
39,613
18,791
6,324
250
271
12,892
1,796
864
180
-
103
52,982
1,134
-
184,505
(28,392)
-
(28,392)
140,996
112,604|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
7
## Keighley Creative
## Balance sheet
|as at 31 March 2024
2024
Unrestricted
£
**Current assets**
Debtors and prepayments
(5)
11,724
Cash at bank
48,807
**Total current assets**
60,531
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(6)
2,608
**Total current liabilities**
2,608
**Net current assets / (liabilities)**
57,923
**Net assets**
57,923
**Funds**
Unrestricted funds
General unrestricted funds
52,923
Designated funds
(8)
5,000
Unrestricted funds
57,923
Restricted funds
-
**Total funds**
57,923|2024
Restricted
£
-
41,898
41,898
3,498
3,498
38,400
38,400
-
-
-
38,400
38,400|2024
Total
£
11,724
90,705
102,429
6,106
6,106
96,323
96,323
52,923
5,000
57,923
38,400
96,323|2023
Total
£
3,192
120,613
123,805
11,201
11,201
112,604
112,604
31,298
-
31,298
81,306
112,604|
|---|---|---|---|
The financial statements were approved by the board of trustees on 22/10/2024
Charles Oxtoby (Trustee)
8
## Keighley Creative
## Notes to the accounts
## for the year ended 31 March 2024
## **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.
9
## Keighley Creative
## Notes to the accounts continued
## for the year ended 31 March 2024
|**2 Grants and donations**
Bradford Culture Company Limited (BCCL)
Bradford Metropolitan District Council (BMDC)
Brsk Limited
Garfield Weston Foundation
Leeds Community Foundation (LCF)
Mind the Gap
Yorkshire Wildlife Trust (YWT)
Bradford District Community Foundation (BDCF)
Bradford Producing Hub (BPH)
Keighley Town Council (KTC)
Marsh Christian Trust (MCT)
Other donations
**3 Staff costs and numbers**
Gross salaries
Social security costs
Employment allowance
Pensions|2024
Unrestricted
funds
£
-
30,000
-
20,000
-
-
-
-
-
-
-
288
50,288|2024
Restricted
funds
£
414
122,466
5,000
-
14,980
4,000
2,500
-
-
-
-
82
149,442|2024
Total
funds
£
414
152,466
5,000
20,000
14,980
4,000
2,500
-
-
-
-
370
199,730
2024
£
69,772
5,900
(5,000)
1,515
72,187|2023
Total
funds
£
2,656
95,753
-
-
14,980
-
-
10,000
3,700
500
500
11,749
139,838
2023
£
47,000
3,592
(2,475)
950
49,067|
|---|---|---|---|---|
The average number of employees during the year was 2.8, being an average of 2.5 full time equivalent (2023: 2.5, 2 FTE). There were no employees with emoluments above £60,000.
|**Defined contribution pension scheme**|2024|2023|
|---|---|---|
||£|£|
|Costs of the scheme to the charity for the year|1,515|950|
10
## Keighley Creative
## Notes to the accounts continued
## for the year ended 31 March 2024
|**4 Restricted funds**
BMDC - Community Buildings
LCF - Arts for Brain Health
Arts for Brain Health Wednesday
BMDC - Video Camera
BMDC - Council Markets
BCCL - Mini Seed Commission
BDCF - Local Access Fund
BPH - Transforming Spaces
BMDC - Cost of Living
MCT - Drawing Box Project
YCT - Bog in a Box
KC Presents - I'm Brill
KC Presents - Mega Drawing Box
BDMC - Monday Creative
St Georges Day 2024
Sue Belcher Centre
BMDC - Towns Fund Building
Keighley Arts and Film Festival
KC Presents - WOW
Stockman Cinema
BDMC - Signage|Balance b/f
£
-
12,780
-
250
-
1,656
10,000
380
-
500
-
-
-
-
-
-
39,402
16,338
-
-
-
81,306|Incoming
£
4,238
15,062
9,860
-
4,500
414
-
-
6,675
-
3,500
5,250
10,000
2,693
500
2,500
-
82,700
3,000
-
2,000
152,892|Outgoing
£
4,238
14,237
6,591
250
4,021
2,070
9,660
380
6,898
-
2,659
10,957
22,000
696
-
2,500
39,402
58,177
2,652
3,850
2,000
193,238|Transfers
£
-
(1,760)
(800)
-
-
-
-
-
400
-
-
7,100
12,000
-
-
-
-
(23,350)
-
3,850
-
(2,560)|Balance c/f
£
-
11,845
2,469
-
479
-
340
-
177
500
841
1,393
-
1,997
500
-
-
17,511
348
-
-
38,400|
|---|---|---|---|---|---|
## **Fund name**
BMDC - Community Buildings LCF - Arts for Brain Health
Arts for Brain Health Wednesday
BMDC - Video Camera BMDC - Council Markets BCCL - Mini Seed Commission BDCF - Local Access Fund BPH - Transforming Spaces BMDC - Cost of Living MCT - Drawing Box Project YCT - Bog in a Box KC Presents - I'm Brill
KC Presents - Mega Drawing Box
BDMC - Monday Creative St Georges Day 2024 Sue Belcher Centre BMDC - Towns Fund Building Keighley Arts and Film Festival
## **Purpose of restriction**
To support the running costs of the centre.
To support a dementia arts project. The transfer is for a contribution to room hire charges.
Funding from BMDC and Garfield Weston to support and enhance the dementia arts project. The transfer is for a contribution to room hire charges.
To part fund a video camera.
To support the delivery of festive, family orientated creative events. To support the development of an outdoor exhibition.
To support the development of the charity's business plan and funding and To enable the development of studio, gallery and performance spaces. To produce an open door newspaper for Keighley residents. To support 'Yorkshire Roses' family workshops. Funding to support an outdoors arts project.
Funds transferred from KAFF restricted fund to deliver a community focussed event around the theme of 'I am Brill'.
Funding from BMDC, Brsk Limited and transferred funds from the KAFF restricted fund to deliver a large scale interactive arts event. Additional funding to support a dementia arts project. Funding to support a St Georges Day celebration event.
To deliver a series of workshops and vinyl wrap a storage container. To support the purchase and redevelopment of new premises.
BDMC funding plus donations, ticket sales and commissions to support the Keighley Arts and Film Festival. The transfer is to fund other arts events in Keighley under the umbrella of the Keighley Arts and Film Festival - KC Presents I'm Brill, Mega Drawing Box and Women of the World.
11
## Keighley Creative
## Notes to the accounts continued
## for the year ended 31 March 2024
## **4 Restricted funds continued**
## **Fund name Purpose of restriction**
KC Presents - WOW Funding from BDMC to enable the delivery of a Women of the World celebration event. Stockman Cinema Transferred funds from the KAFF restricted fund to enable the development of a cinema facility. BDMC - Signage Funding to support costs regarding signage costs at the centre.
|**5 Debtors and prepayments**
Debtors
Prepayments
Other debtors
**6 Creditors and accruals**
Creditors
Accruals|2024
£
8,655
3,069
-
11,724
2024
£
4,876
1,230
6,106|2023
£
360
582
2,250
3,192
2023
£
10,067
1,134
11,201|
|---|---|---|
## **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 £nil (2023: £9,000).
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefit during this or the previous year.
## **Remuneration and benefits received by key management personnel**
The total employee benefits received by key management personnel were £34,317 (previous year: £29,240).
|**8 Designated funds**
Arts for Brain Health Wednesday
**Fund name**|Balance b/f
Incoming
£
£
C
-
-
-
-
**Reason for designation**|Outgoing
£
-
-|Transfers
£
5,000
5,000|Balance c/f
£
5,000
5,000|
|---|---|---|---|---|
Arts for Brain Health Wednesday CBeing part of the Garfield Weston funding that has been designated to support the Arts for Barin Health Wednesday activity.
12
## Keighley Creative
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2024
|1.8.22 to
2024
31.3.23
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
50,288
29,250
Studio fees
11,904
5,169
Workshop income
4,550
2,025
Venue hire
20,660
8,250
Bank interest
6
5
Ticket sales and commissions
452
255
Other income
3,088
-
**Total income**
90,948
44,954
**Expenditure**
Salaries NI and pensions
22,004
10,800
Payroll fees
484
238
Project delivery costs
5,818
1,932
Repairs, cleaning and maintenance
5,405
1,119
Rates and service charges
13,294
6,324
Office and postage costs
1,945
171
Telephone and IT
466
257
Utilities
11,068
11,530
Insurance
716
1,796
Website
1,306
864
Membership and subscription fees
273
180
Travel costs
-
-
Bad Debts
-
103
Professional fees
2,874
364
Independent examination
1,230
1,134
Grant repayment
-
-
**Total expenditure**
66,883
36,812
**Net income / (expenditure)**
24,065
8,142
**Transfers between funds**
2,560
1,725
**Net movement in funds**
26,625
9,867
**Fund balances brought forward**
31,298
21,431
**Fund balances carried forward**
57,923
31,298|2024
Restricted
funds
£
149,442
-
2,750
-
-
-
700
152,892
50,183
-
80,112
2,380
-
2,347
-
4,238
-
-
461
50
-
14,065
-
39,402
193,238
(40,346)
(2,560)
(42,906)
81,306
38,400|1.8.22 to
31.3.23
Restricted
funds
£
110,588
-
-
-
-
571
111,159
38,267
-
37,681
17,672
-
79
14
1,362
-
-
-
-
-
52,618
-
-
147,693
(36,534)
(1,725)
(38,259)
119,565
81,306|2024
Total
funds
£
199,730
11,904
7,300
20,660
6
452
3,788
243,840
72,187
484
85,930
7,785
13,294
4,292
466
15,306
716
1,306
734
50
-
16,939
1,230
39,402
260,121
(16,281)
-
(16,281)
112,604
96,323|1.8.22 to
31.3.23
Total
funds
£
139,838
5,169
2,025
8,250
5
826
-
156,113
49,067
238
39,613
18,791
6,324
250
271
12,892
1,796
864
180
-
103
52,982
1,134
-
184,505
(28,392)
-
(28,392)
140,996
112,604|
|---|---|---|---|---|
13