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2025-03-31-accounts

Keighley Creative

Charity number 1190497

Annual Report and Financial Statements

for the year ended 31 March 2025

Keighley Creative

Annual Report and Financial Statements for the year ended 31 March 2025

Contents Page
Trustees' report 2 to 6
Examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the accounts 10 to 15

Prepared by West Yorkshire Community Accountancy Service CIO

1

Keighley Creative

Trustees' report for the year ended 31 March 2025

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 Co Chair Michelle Buchan Co Chair Trevor Kearton Vice Chair Charles Oxtoby Treasurer Bob Smith Riaz Meer Resigned 1 May 2024 Fiona Sherburn Janet Smithies Resigned 12 September 2024 Rachel Rickards Alisa Yates Resigned 17 December 2024 Kevin O'Hare

Resigned 1 May 2024 Resigned 12 September 2024 Resigned 17 December 2024 Registered in England and Wales

Charity number

1190497

Registered and principal address

Bankers

3-7 Cooke Lane Virgin Money Keighley Jubilee House BD21 3PF Newcastle upon Tyne NE3 4PL

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 2025

Objectives and activities

The charity's objects

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

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

The Programme – Delivering art for Keighley

2024/2025 was a year of expansion in our arts delivery. We were able to offer a variety of arts provision across the age spectrum and to a variety of communities. And we’ve listened to the local community, ensuring our arts offer is both relevant and accessible.

Art & Heritage Community Programme

Growing from a standing start we have reached all areas of Keighley through a series of workshops in Bracken Bank, Long Lee, and Highfield, as well as several outdoor events run with the ‘K-Town Cart’.

Arts for Brain Health

Our Creative Health programme continues to grow. There are now four strands, with the existing Monday Creative and Wednesday Creative groups joined by the Artist in Residence programme at Airedale Mental Health Unit and our Young Creatives programme for 12–16-year-olds.

We have also seen the addition of an ecotherapy strand through the Bradford 2025 Social Prescribing Award , made in partnership Broughton Sanctuary and the National Trust.

Film and Performance

Keighley Creative’s Screen Strategy is Keighley-centric and gives emphasis to community provision.

Programming at our bijou Stockroom Cinema includes the Leeds Young Film Festival and Leeds International Film Festival , hosted in close liaison with the Keighley Picture House. Community groups continue to be encouraged to use the cinema for their own screenings, and Keighley Creative successfully showcases films about our own projects. The cinema has also been used as a live performance venue for spoken word performances.

Key to our Screen Strategy is our collaboration with The Unit . We host this filmmakers’ collective with support from Bradford Council, Channel 4, and Screen Yorkshire. Partnership with The Unit has deepened and strengthened as we enter our third year together.

Jordon Scott Kennedy, The Unit

"Being part of Keighley Creative means being surrounded by a community that genuinely values creativity, collaboration, and local culture. At The Unit, we thrive on the energy and diversity that Keighley Creative brings - it is a space where ideas are shared, projects come to life, and artists and makers support one another. It is inspiring to be part of something that champions grassroots creativity while making a real impact in Keighley and beyond. It’s the perfect environment for us to grow our own community of filmmakers with an inclusive ethos."

3

Keighley Creative

Trustees' report (continued) for the year ended 31 March 2025

Achievements and performance continued

Art Workshops

Keighley Creative run free art workshops, in the town and at our base. These have included the St George's Day Workshop, Eid on the Green, the 100 Years of Keighley Cenotaph commemoration, and the Festive Arts & Crafts Workshop.

We have also begun our Big Crafty Doo-Dah workshops focused on families experiencing holiday hunger and which will run throughout 2025.

Nature Conservancy, Science through Art

Keighley Creative has an artistic approach to encouraging people to learn about and engage with their natural environment. Central to this has been our Primary School project, Pledges to the Landscape , and the ACE Bogs – Bog in a Drawing Box scheme.

Work has progressed with Blues and Greens , our Bradford 2025 Social Prescribing Award that connects local people with natural spaces including one of the UK’s most ambitious rewilding programmes at Broughton Estate.

We have also collaborated with local manufacturer, Byworth Boilers in our Engineering and Arts Exploration , which uses art to promote the understanding of engineering.

Art Courses

Keighley Creative hosts popular paid for art courses, including Portrait Painting , Life Drawing and Painting Your Passions with Watercolour .

Bradford 2025

We work to ensure Keighley is well represented in the Bradford 2025 Programme. We were central to the BD25 Keighley Launch , launched the Keighley Sculpture Trail, Rombald’s Rocks at the end of May, and are busy planning for our Mega Drawing Box event at The Beacon in August.

Artist Studios

One of Keighley Creative’s primary purposes is to foster the local artistic community. A core method of doing this is by providing low-cost studio space to a group of local artists. Our studios during 2024/2025 were full and hummed with activity, with a range of artists from differing backgrounds and ages working in a variety of mediums

Keighley Creative supported its artists in several ways:

We believe there is much more Keighley Creative can do to support our artists and the wider Keighley artistic community. We have now developed a plan with The Artery , a Skipton based artist development programme to provide our artists with the support they need to become economically viable independent artists, able to support themselves through their art practice.

Our Artist Development Programme therefore has two projected outcomes:

4

Keighley Creative

Trustees' report (continued) for the year ended 31 March 2025

Achievements and performance continued

Keighley Creative 2024/25 – Building the Team

In September 2023, Keighley Creative produced a Development Plan to map our progress through to 2026. Key to this was an expansion of the Keighley Creative core staff team.

Before the end of 2023/2024, Keighley Creative was reduced to a single member of staff. During this period, the Board of Trustees stepped in to help steer the organisation forward. Grant funding was successfully found to increase staff numbers. This included the Towns Fund revenue grant, and the Community Development grant obtained in partnership with Kala Sangam.

As a result, Keighley Creative was able to appoint an Arts & Heritage Officer in April 2024, an Executive Director in June 2024 (both employed by Kala Sangam and then seconded full-time to Keighley Creative) a Creative Director in August 2024 and an Events Producer in November 2024. The existing Events Manager post was upgraded to Events & Operations Manager in April 2025 to reflect the greater delivery responsibilities of the expanded team.

The capacity of Keighley Creative has received a huge boost because of these appointments. In line with the 2023 Development Plan, the current core team profile now represents the minimum staffing level necessary for an organisation of Keighley Creative’s scope and ambitions.

It is worth noting that because of the staggered nature of the appointments during 2024/2025, staffing levels of the core team ran at 89% of the optimum. Despite this, the bedding in of the new team has seen substantial success in increasing Keighley Creative’s outputs during 2024/2025.

Since November, Keighley Creative’s staff have meshed into an effective team. A collaborative and collegiate approach results in a core team that produces outputs far greater than the sum of its individual parts. Although individual duties and responsibilities are clearly defined, all staff members are committed to working together and are prepared to lend a hand to all aspects of Keighley Creative work.

Riaz Meer, Executive Director

“Steering the strategic direction of Keighley Creative is an amazing opportunity. There is so much potential in the town, and it is my job to see Keighley Creative tap into it. The team at Keighley Creative have mobilised themselves to serve the artistic needs of the community. Feedback has been amazing. These are exciting times for the organisation.”

Paula Clark, Creative Director

“It is a privilege to be a part of Keighley Creative and to work with the team to develop an inclusive programme that responds to the needs of the people of Keighley. We want people of all ages and backgrounds to be able to come together and feel like they belong. I believe in the power of access to the arts and creativity in improving the lives and well-being of people and communities. That is what Keighley Creative is all about.”

Lauren Kelly, Arts & Heritage Officer

“I feel very lucky to be part of Keighley Creative. I get to do the kind of work I've always wanted to do, which is to be creative and community focused. I get to work with amazing people, and it feels very rewarding to be able to give back to the town I care about so much!”

Cathryn Murray, Events & Operations Manager

“I joined Keighley Creative as an entry level events coordinator. In the past three years my professional development has come on leaps and bounds. Keighley Creative has been pivotal for my career development. Working so closely with the community has helped me to learn about the importance of consulting with residents and communities about what they want for their local area. I have also learned how working closely with other organisations in your local area can have a huge impact for towns.”

Tracy Uren, Events Producer

“Our events encourage people to get out more, interact with others and improve social cohesion within the town. Keighley Creative brings joy to the local people and a welcome burst of energy to the town centre. As a Keighley girl, I am proud to work with such a passionate and dedicated team of individuals.”

5

Keighley Creative

Trustees' report (continued) for the year ended 31 March 2025

Achievements and performance continued

Keighley Creative 2024/25 – Building the Team continued

Freelance staff play a vital role in Keighley Creative’s delivery. In 2024/2025, Keighley Creative provided 300 days of paid work to artists, creatives, and facilitators in the production of our events and activities. Employment opportunities in project delivery have seen an eighty six percent rise from the previous year. In addition to this, Keighley Creative provided 142 days of paid work for other essential activities. Keighley Creative plays a significant role in providing work opportunities and skills development in the heart of Keighley.

Naseem Darbey, Freelance Artist

“Keighley Creative sustains creative professionals, new and established, and all their projects are community facing, striving to make a real difference. I love working for Keighley Creative. They are building something great.”

Volunteers have been the bedrock of Keighley Creative since its inception as an artists’ collective and then Community Interest Company in 2018, and its granting of charitable status in 2020. Two of the current staff team began as volunteers for the charity. The new team at Keighley Creative have been working on the volunteer experience, seeking ways to give at least as much back to volunteers as they provide to the organisation. At the heart of our volunteering is the Board of Trustees. Our Trustees provide Keighley Creative with a range of skills, from finance to youth justice, journalism to human resources. Our delivery teams also depend on a pool of volunteers who provide artistic and community support without which project delivery would be impossible.

Bob Smith, Trustee

“Keighley Creative is a real asset to my hometown. Having a vibrant hub for the arts is a great way of reinvigorating our town centre. Supporting local creative people from all sectors of the arts is vital to the economic wellbeing of the area.”

Jon Britten, Community Volunteer

“I volunteer for Keighley Creative because I truly believe in what it stands for, reaching out & bringing the community together through creativity. I saw the vision of what it could & will become and I try to take an active role in helping it grow.”

Financial review

The net income for the year was £85,239, including net income of £9,878 on unrestricted funds and net income of £75,361 on restricted funds after transfers.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £67,801.

The minimum reserves required (reviewed annually) to fund unplanned closure is £20,150.

The charity is currently supporting East Street Arts in a major grant funded project to renovate and refurbish the old Sunwin House building in the town centre. The building will be owned by East Street Arts and is due to open in Spring 2026 with Keighley Creative being the anchor tenant. This is a very exciting opportunity to develop our arts space in the town, but will carry additional cost. The charity also faces other financial pressures in 2026/2027, mainly the fallout of grant funding. The level of reserves being carried forward are therefore earmarked to assist in funding the associated costs of the development and the forecast financial challenges in 2026/2027.

Approved by the board of trustees on 21/10/2025

Charles Oxtoby (Trustee)

6

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 2025, which are set out on pages 8 to 15.

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

Since the CIO's gross income exceeded £250,000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act.

I confirm that I am qualified to undertake the examination because I am a fellow of ICAEW which is one of the listed bodies.

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;

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

5/11/2025

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

7

Keighley Creative

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2025

Notes
2025
Unrestricted
funds
£
Income from:
Grants and donations
(2)
36,523
Studio fees
13,559
Venue hire
21,470
Bank interest
12
Workshops, ticket sales and commissions
5,993
Other income
1,468
Total income
79,025
Expenditure on:
Salaries NI and pensions
(3)
3,123
Payroll fees
314
Project delivery costs
5,448
Repairs, cleaning and maintenance
5,090
Rates and service charges
19,571
Office and postage costs
3,539
Telephone and IT
581
Utilities
11,545
Insurance
908
Website
1,404
Membership and subscription fees
592
Travel costs
92
Training and development
1,485
Professional fees
22,585
Independent examination
1,260
Grant repayment
-
Total expenditure
77,537
Net income / (expenditure)
1,488
Transfers between funds
(4)
8,390
Net movement in funds
9,878
Fund balances brought forward
57,923
Fund balances carried forward
(4)
67,801		 2025
Restricted
funds
£
191,511
-
-
-
5,349
-
196,860
50,300
-
62,741
-
-
68
-
-
-
-
-
-
-
-
-
-
113,109
83,751
(8,390)
75,361
38,400
113,761		 2025
Total
funds
£
228,034
13,559
21,470
12
11,342
1,468
275,885
53,423
314
68,189
5,090
19,571
3,607
581
11,545
908
1,404
592
92
1,485
22,585
1,260
-
190,646
85,239
-
85,239
96,323
181,562		 2024
Total
funds
£
199,730
11,904
20,660
6
7,752
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

All incoming resources and resources expended derive from continuing activities.

8

Keighley Creative Balance sheet

as at 31 March 2025
2025
Unrestricted
£
Current assets
Debtors and prepayments
(5)
29,923
Cash at bank
40,960
Total current assets
70,883
Current liabilities:
amounts falling due within one year
Creditors and accruals
(6)
3,082
Total current liabilities
3,082
Net current assets / (liabilities)
67,801
Net assets
67,801
Funds
Unrestricted funds
General unrestricted funds
67,801
Designated funds
(7)
-
Unrestricted funds
67,801
Restricted funds
-
Total funds
67,801		 2025
Restricted
£
1,145
114,646
115,791
2,030
2,030
113,761
113,761
-
-
-
113,761
113,761		 2025
Total
£
31,068
155,606
186,674
5,112
5,112
181,562
181,562
67,801
-
67,801
113,761
181,562		 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

The financial statements were approved by the board of trustees on 21/10/2025

Charles Oxtoby (Trustee)

9

Keighley Creative

Notes to the accounts

for the year ended 31 March 2025

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.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

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.

10

Keighley Creative

Notes to the accounts continued

for the year ended 31 March 2025

2 Grants and donations
Bradford Culture Company Limited (BCCL)
Bradford Metropolitan District Council (BMDC)
Brsk Limited
Garfield Weston Foundation
Leeds Community Foundation (LCF)
Yorkshire Wildlife Trust (YWT)
Bradford District Community Foundation (BDCF)
Sir George Martin Trust
The Leap Bradford CIC
Keighley and Worth Valley Community Partnership
National Lottery Community Fund (NLCF)
Keighley BID CIC
Other donations
3 Staff costs and numbers
Gross salaries
Social security costs
Employment allowance
Pensions		 2025
Unrestricted
funds
£
-
34,381
-
-
-
-
-
-
-
-
-
-
2,142
36,523		 2025
Restricted
funds
£
16,470
108,859
-
-
-
21,300
15,000
2,691
4,575
500
19,534
2,000
582
191,511		 2025
Total
funds
£
16,470
143,240
-
-
-
21,300
15,000
2,691
4,575
500
19,534
2,000
2,724
228,034
2025
£
52,264
4,511
(4,511)
1,159
53,423		 2024
Total
funds
£
414
152,466
5,000
20,000
14,980
2,500
-
-
4,000
-
-
-
370
199,730
2024
£
69,772
5,900
(5,000)
1,515
72,187

The average number of employees during the year was 2, being an average of 1.7 full time equivalent (2024: 2.8, 2.5 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme 2025 2024
£ £
Costs of the scheme to the charity for the year 1,159 1,515

11

Keighley Creative

Notes to the accounts continued

for the year ended 31 March 2025

4 Restricted funds
BMDC - Council Markets
St Georges Day
AfBH - Young People
AfBH - Airedale
LCF - Arts for Brain Health (AfBH)
NLCF - AfBH - Monday Creative
BDMC - Monday Creative
AfBH - Wednesday
BCCL - AfBH - Wednesday
BMDC - Festival Fund
YWT - Bog in a Box
BMDC - Cost of Living
Keighley Sculpture Trail
BMDC - Peace Meal
YWT - Pledges to the Landscape
The Leap Bradford CIC
BMDC - Local Town Plan
Keighley Arts and Film Festival
KC Presents - WOW
BDCF - Local Access Fund
MCT - Drawing Box Project
KC Presents - I'm Brill		 Balance b/f
£
479
500
-
-
11,845
-
1,997
2,469
-
-
841
177
-
-
-
-
-
17,511
348
340
500
1,393
38,400		 Incoming
£
-
-
4,500
4,950
505
20,034
77
12,551
16,470
8,000
1,381
-
17,000
499
19,919
4,575
20,000
66,399
-
-
-
-
196,860		 Outgoing
£
479
750
1,608
4,500
9,834
5,069
2,074
13,100
2,854
-
2,222
177
2,042
17
19,919
147
11,633
36,336
348
-
-
-
113,109		 Transfers
£
-
500
-
-
(1,760)
(1,210)
-
(1,920)
-
-
-
-
-
-
-
-
(3,500)
(500)
-
-
-
-
(8,390)		 Balance c/f
£
-
250
2,892
450
756
13,755
-
-
13,616
8,000
-
-
14,958
482
-
4,428
4,867
47,074
-
340
500
1,393
113,761

Fund name

BMDC - Council Markets St Georges Day

AfBH - Young People

AfBH - Airedale

LCF - Arts for Brain Health (AfBH)

NLCF - AfBH - Monday Creative

BDMC - Monday Creative AfBH - Wednesday

BCCL - AfBH - Wednesday

BMDC - Festival Fund YWT - Bog in a Box BMDC - Cost of Living Keighley Sculpture Trail

BMDC - Peace Meal YWT - Pledges to the Landscape The Leap Bradford CIC

Purpose of restriction

To support the delivery of festive, family orientated creative events. To support a St Georges Day celebration event. The transfer is from the Keighley Arts and Film Festival fund.

To support creative sessions for young people to help them manage their health conditions.

To provide creative mental health and wellbeing sessions at Airedale hospital.

To support a dementia arts project. The transfer is for a contribution to room hire charges.

To support dementia arts projects. The transfer is for a contribution to room hire charges. Additional funding to support a dementia arts project. Funding from BMDC and Sir George Martin Trust to support and enhance the dementia arts project. The transfer is for a contribution to room hire charges.

To support creative art sessions for adults to support mental health and wellbeing.

To support an outdoor creative event in the community. Funding to support an outdoors arts project. To produce an open door newspaper for Keighley residents. Funding from BDCF and Keighley BID CIC to create a sculpture trail around Keighley town centre.

To support a peace meal event as part of Refugee Week. To support an outdoors arts project. To support a community arts project.

12

Keighley Creative

Notes to the accounts continued for the year ended 31 March 2025

4 Restricted fund descriptions continued

Fund name Purpose of restriction BMDC - Local Town Plan

To coordinate the development of a local town plan for Keighley. The transfer was for a contribution towards overhead costs.

BDMC funding plus donations, ticket sales and commissions to support the Keighley Arts and Film Festival. The transfer is to fund the St George's Day event in Keighley under the umbrella of the Keighley Arts and Film Festival.

Keighley Arts and Film Festival

KC Presents - WOW

BDCF - Local Access Fund

MCT - Drawing Box Project KC Presents - I'm Brill

Funding from BDMC to enable the delivery of a Women of the World celebration event.

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

To support 'Yorkshire Roses' family workshops. Funds transferred from KAFF restricted fund to deliver a community focussed event around the theme of 'I am Brill'.

Debtors and prepayments
Debtors
Prepayments
Accrued income
Creditors and accruals
Creditors
Accruals		 2025
£
26,531
3,211
1,326
31,068
2025
£
3,852
1,260
5,112		 2024
£
8,655
3,069
-
11,724
2024
£
4,876
1,230
6,106

5 Debtors and prepayments

6 Creditors and accruals

Designated funds
Arts for Brain Health
Wednesday Creative		 Balance b/f
£
5,000
5,000		 Incoming
£
-
-		 Outgoing
£
-
-		 Transfers
£
(5,000)
(5,000)		 Balance c/f
£
-
-

7 Designated funds

Fund name

Arts for Brain Health Wednesday Creative

Reason for designation

Being part of the Garfield Weston funding that has been designated to support the Arts for Brain Health Wednesday activity.

Fund name

Arts for Brain Health Wednesday Creative

Additional information

To support small projects and expenses managed by seconded staff.

13

Keighley Creative

Notes to the accounts continued

for the year ended 31 March 2025

8 Related party transactions

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 £nil (previous year: £34,317); although staff seconded from Kala Sangam have provided support to the CIO, including provision of management support at £nil cost to the CIO.

9 Funds held as agent
Balance b/f
£
Kala Sangam
-
-
Fund name
Additional information
Kala Sangam
To support small projects and		 Incoming
Outgoing
Balance c/f
£
£
£
15,000
8,744
6,256
15,000
8,744
6,256
expenses managed by seconded staff.

14

Keighley Creative

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2025

2025
2024
Unrestricted Unrestricted
funds
funds
£
£
Income
Grants and donations
36,523
50,288
Studio fees
13,559
11,904
Venue hire
21,470
20,660
Bank interest
12
6
Workshops, sales and commissions
5,993
5,002
Other income
1,468
3,088
Total income
79,025
90,948
Expenditure
Salaries NI and pensions
3,123
22,004
Payroll fees
314
484
Project delivery costs
5,448
5,818
Repairs, cleaning and maintenance
5,090
5,405
Rates and service charges
19,571
13,294
Office and postage costs
3,539
1,945
Telephone and IT
581
466
Utilities
11,545
11,068
Insurance
908
716
Website
1,404
1,306
Membership and subscription fees
592
273
Travel costs
92
-
Training and development
1,485
-
Professional fees
22,585
2,874
Independent examination
1,260
1,230
Grant repayment
-
-
Total expenditure
77,537
66,883
Net income / (expenditure)
1,488
24,065
Transfers between funds
8,390
2,560
Net movement in funds
9,878
26,625
Fund balances brought forward
57,923
31,298
Fund balances carried forward
67,801
57,923		 2025
Restricted
funds
£
191,511
-
-
-
5,349
-
196,860
50,300
-
62,741
-
-
68
-
-
-
-
-
-
-
-
-
-
113,109
83,751
(8,390)
75,361
38,400
113,761		 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		 2025
Total
funds
£
228,034
13,559
21,470
12
11,342
1,468
275,885
53,423
314
68,189
5,090
19,571
3,607
581
11,545
908
1,404
592
92
1,485
22,585
1,260
-
190,646
85,239
-
85,239
96,323
181,562		 2024
Total
funds
£
199,730
11,904
20,660
6
7,752
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

15