EVENTS TIMELINE AUG 2021 - MAR 2022 Stories of Strength Festival Give it a Go: Djing Give it a Go.. Dance Like It's Diwali Give it a Go.. Give it a Go.. Papercutting Manga Art Give it a Go.. Poetry Give it a Go: Comic Book Strip Give it a Go.. Weaving 2027 AUG SEP OCT NOV DEC 2022 JAN FEB MAR Stories of Strength exhibition Ensemble Reza concert Graphic Rewilding.. Crawley Town Centre
Charity r•gistration numbèr 1195308 CREATIVE CRAWLEY CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022
CREATIVE CRAWLEY CIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees Steven Sawyer Vanessa Dell Vicki Illingworth Laiba Baig Adam Jooli8 Tony Witton David Savage Andrea Dumbrdl Parvegn Khan IAppointed 27 July 20211 IAppoinled 27 July 20211 IAppointed 27 July 20211 IAppoinled 27 July 20211 IAppointed 27 July 20211 IAppoinled 27 July 20211 IAppointed 27 July 20211 IAppoinled 27 July 20211 IAppointed 27 JLJIY 20211 Charlty numb•r 119S308 Prlnclpal addrèss Crawley Colleg8 College Road Crawl RH10 1NR Ind¢pend•nt •x•mlntrr Wesi & Bewry Limited Mocatta House Tralalgar Pla¢$ Brighton 8N140U
CREATIVE CRAWLEY CIO CONTENTS Page Independent examine¢s report Statement of finan¢ial activities 8alancg shesl Notès to thè fin8ncial ststam•nts
CREATIVE CRAWLEY CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CREATIVE CRAWLEY CIO I r8POrt to th8 trustees on my 8xarnination ol the ffin8n(aal stat8m8nts of Creative Cr8wl8y CIO for th8 period 8nd8d 31 March 2022. R•sponslbllltl•s and basls ol f•port As the trustees of the charity you are respsitIe for the preparation of the financial statements in accordance with the requirements of the Charits'es Act 2011 Ithe 2011 Act). I report in respect of my ex8min8tion of the charity's financial slalements carried out under section 145 of the 2011 Act. In carrying out rny 8xaminalion I hav8 fOlked 811 lh8 apicAble Directions given by th8 Charity Commission under section 14515llbl ol the 2011 Acl. Independent txamln6r's statement Your att&ntion is drawn ¢0 lh8 fact th81 the charity has wepared finanryal stslemenls in accordance wth Accounting and Reporting by Charitie5 preparing their accounts In accordance with the Financ4al Reporting Standard applicable in the UK and Republic of Ire18nd IFRS 1021 in preference ¢0 the Accounting and Reporting by Charities.. St8tgmenl of Recommended Pradice issued on 1 Apiil 2005 which 1$ r8f8rr8d to in the 8Xt8nl r8gu18tions but has now b88n wlthdrawn. l understand that this has been done in order for finanaal statements to provide a true and lair view in accordance with Generally Accepted Accounting Practice effective lor reFM)rting periods beginning on or after 1 January 2015. I have cornpleted my examination. I confirm Ihat no matters have come to my attention in connection with the examination giving rne cause to believe thal in any material respect.. a¢¢ounllng records wara not kgpl in rèsps¢i ol tho ¢harity as requlr¢d by sg¢tion 130 of thg 2011 A¢t', or the financial statements do not accord wilh those records.. or tho flnancial statements do noi comply with the applicable qUIreMents concèming tha fomi and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that tha accounts give a true and lair wew which is not a matter conSered as part of an independent examination. I have no concerns and have come across no olher matters in connection with the examination lo which attention should be drawn in this report in or(ler to enable a proper understsnding of the finanrial ststernents to be reached. MicAel/e We¢tbury ACCA Mlchelle Westbury FCCA West & Bery Limited Mocatta House Tralalgar Place Brighton BN14DU Dated.. 16 January 2023
CREATIVE CRAWLEY CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2022 Unrestrlcted Restrlcted fund5 fund5 2022 2022 Total 2022 Notes Income from: Donations and leg8CIg3 Charitable acts'vitses 2,500 13,500 35,746 16,000 35.746 Total Incom• 2.500 49.246 51.746 Ex enditure Charitable activits'es 1,532 15.331 16,863 Net Income for the perl¢)dl N•t movom•nt In funds 33,915 34,883 Fund balances at 27 July 2021 Fund balanc•8 at 31 March 2022 968 33.915 34.883 Th$ sl81gmenl of finan¢i818diviti$s indud&s all gains and10ssg$ rwnised in the ntyj. All Incom8 and 8xpènditur8 derive from contlnuin9 actknts"8s.
CREATIVE CRAWLEY CIO BALANCE SHEET AS AT31 MARCH 2022 2022 Notes Currènt assets Cash at bank and in hand 78.231 Credltors: amounts falllng du• wlthln on? year 143,3481 Net current assets 34,883 Income funds Restricted funds Unrestricted funds 11 33.915 968 34.883 16th January 2023 The fin8nci81 $18lements were approved by the Twuslees M ......................... SiaAe Sau¥e¥ Stèvan S8wyer Trustee
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 Accounting policies Charlty Informatlon Creative Crawley CIO is a charitable incorporated organisation. charity number 1195308. The prinapal address ofthe charity is Crawley College. College Road. Crawl8y RH10 1 NR. 1.1 Reporting period These are the first finanaal statements of the CIO and cover the period trom the charitys incorporation on 27th July 2021 until its accounling period end. 1.2 Accounting conv•ntion The finanaal statements have prèparÈd In accordancè with the charity's gtsvèming documènt, thè Charities Act 2011. FRS 102 "The Financial Reporting Standard apF4icat4e in the UK and Republic ol Ireland. I FRS 102.1 and th8 Charities SORP 'Accounting and Reporting by Charities." Statemènt of Rectsmmended Practice applicable to charities preparing their accovnls in accordance with the Financial Reporting Standard applicable in the UK and RepU1C ol Ireland IFRS 1021" leffeclive 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The ch8rily has taken 8dv8ntsge of the F*0ViS8 in the SORP for tharilies not to prepare 8 Stslement of C8sh Flows. Th6 financi81 statemènts havè daparted from the Chariiies (Accounts and Rèports) Règulations 2008 only lo the extent required to provide a truè and fair view. This departurè has involved following thè Statèmènt of Rgeommandgd Practicè for ¢hariti&s apYing FRS 102 rathèr than thg version ol thg Stat$mgnt of Racommanded PractlC6 which is rèfèrr8d to in the Regulations but which has since b&8n withdrawn. The financlal statements are prepared in sterting. vthich is the functional currency ol th8 charity. Monetary amounts in these financial stalernents are rounded lo Ihe nearest £. The financial sla¢ements have been prepared under historical cost convention. The principal accounting pdicie3 adopted are sel out below. 1.3 Golng concern At the time of approving the financial statements, the trustees have a r&asonable expectation that the charity has adequate resources lo continue in operational exislence for the loreseeable future. Thus the trustees continue to adopt the going oThcem basis of acCntIng in preparing Ihe financial slatements. 1.4 Charitablo funds Unreslri¢ted lunds are 8vailable for use 81 Ihe discyetion of Ihe Injstees in furtherance of their charitable objectives. Restricted funds are subjecl to speafic conditions by donors as lo how they may be used. The purposes and uses ol the restricted funds are sel oul in the notes lo ihe financial ststemenls. Endowmènt funds are subject to specffic condiiions by donors that the capiial must be maintained by the charity. 1.5 Ineom• Incorne is recognised when Ihe charity is legally entiued io il after any perfomiance conditions have been met, the amounts Can be rneasud lIablY. and il is probat4e Ihat income will be received. Cash donations are recognised on receipt. Other donats.ons a recognised once the charity has been nots'fied ol the donaiion, unless perf0mlan conditions require deferral ol the amounl. Income lax recOVerae in relation lo donations rved under Gift Aid or deeds of covenant is reca)gnised al the time of the donation.
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022 Aeeountlng pollelès IContlnu•dl Legacies are recognised on receipl or otherwse if Ihe charity has been rtified of an impending distribution, the amount is known. and reIpt is expected. 11 the amunl is not known. th8 legacy is treated as a contingent asset. 1.6 Expendltur• Expenditur8 is reCgniSed once there is 8 18981 or nstl¢tive oblig81ion to transfer gconomic bengfil to a third party, It is probable that a transl8r of economic ben8fft5 will be required in s8tt18ment. and th8 arnount of the obligats.on can be measured reliably. Expenditure is dassified by activity. The costs of each activity are made up of the totsl of direct costs and shared costs, including support costs inv(4ved in undertaking each activity. Direct costs attributable to a single acts'vity are allocated difecuy lo that activity. Shared costs whth contribute to more than one activity and support costs which are not attributable to a single activity are apporboned beeen those activits'es on a basis con51Stent with the use of resources. Central stsff costs are allocated on the basi5 of time spent, and depreciation charges are allocaled on the portion of Ihe asset's use. 1.7 Cash and cash •qulvalents Cash and ¢8sh equivalÈnts indude cash in hand. d$F)sits h•l¢J at ¢811 with banks, other short-term liouid invèstmènts with original malunlies of thr8e months or less. and bank ovèrdrafts. Bank ov8rdr8fts ara shown within borrowings In current liabilitses. Baslc fln•nclal •ss•ts Basic financial assets, vthith indude deblors 8nd cash and bank balances, are initially measured al transaction price including Irans8clion costs and are subsequently carried at arnortised cost using the effective intÈrésl mathod unless thè arrangemènt conslilulès a finanrAng transaction, whèrè thè transaction is measurèd at thè prèsent valuè of thè future racèipls discounled at a markat ratè ol Int8r8st. Financial assèts elassilied as r6ceivabl& within one year are not amortised. Baslc flnanclal Ilabllltl•s Basic financial liabilitie5. induding creditors and bank loans are initially reTr)gnised al transaction price unless the arrangement cons'tule& a financing transaction, where the debt instrument is measured 8t the present Valuè of th8 future payments discounted al 8 mawk81 rate of inlgrest. FancIal li8biliti8s d8ssified as p8y8ble within one year are not amortised. Debt instruments are subsequenuy carried at amorbsed cost, using the ellective Inte$1 rate method. Trade creditors are obligaknons lo pay lor wds or service5 Ihal have been ac4uired in the ordinary course of operalions from suppliers. Amounis payatAe are d85srfied as cijrrenl liabililies il payment is due within one ye8r or Igss. If nol. thgy 8rg presgnteil as non-91 liabililigs. Trade Creditors are reciyJnised inits'ally 81 transaction price and subsequenuy measured al 8mortised cost using the effective interest method. D•r8co9rtitioft tsf financial liaknlili•s Financial liabilities are derecognised when the Chari$ (traCtual obligations expire or are discharged or Cancel. 1.8 Ernployee benefits The cost ol any unused holiday entiuemenl is recognised in the wicJ in which the employee's setvices a received. Temiination benefits are re¢ognised immediately as an expense when the charity is demonstrably commrtted to temiinate the ernoYment of an empbyee or to provide lerminall beneffts.
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022 Critical accounting 85timates and judgements In the application of the charity'5 accounb.ng [x)lics, the tWU5tees are required to make judgement5, ests"tnates and assumptions about the carrying amount ol assets and liabilits.es that are not readily apparent from other SoUrs. The estimates and associated assumptions are based on historical experience and other factors that a considered lo be relevant. Aclual results may ¢Jiffer from these estimates. The ests'rnates and underfylig assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and lulu penods where the revision affect5 both current and future period5. Donatlons and 18gael•s Unr•$tri¢td R$tri¢t•d funds funds Totol 2022 2022 2022 Donations and gffts 2.SCKJ 13,500 16.000 Chadtoblg •¢tlvltl•¥ Charltsble activities Income 2022 Services prowded under o)ntract 35.746 Charltable tradlng In¢¢m• Charitable acliwlies
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022 Charitable activitses Charltabl actlvltl•s •xpendlture 2022 Artist fees and eXnSeS General production costs Production materials and equipmenl Vénue hira Freelance staff costs Recruitment, training 8nd deVepment 4.825 138 189 80 10.000 99 15.331 Share of support Costs (see note 61 Share of govemance costs (see note 61 32 1.500 16.863 Anatysls by fund Unre5tricled funds Restricted funds 1.532 15,331 16.863 Support eost• Support Govemance costs costs 2022 Bank fees 32 32 Audit fees 1.500 1,500 32 1.500 1,532 Analysed beeen Charitable actiwts.es 32 1,SOO 1,532 Governanc8 costs includes payrnents to the aC(xrants of£1.5(M) + vat for independent ex8rnlll8tion fees. Trustees None of the trustees lor any p8rsons ¢xjnn8Ct1 wrth Ih8rn1 r8ceived any r8mun8ration or benefits from th8 charity dunng the period.
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022 Employees The average rnonthly number ol employees duwing the period was: 2022 Numb•r Tot81 There were no employees vthose annual remuneration was more than £60.CWJO. Cr•dltori= amounts falllng duè wlthln onè yèar 2022 Notes Other taxatton and social sewrty Deferred income Trade creditors Accruals and deferred inrKJme 12.160 29.269 419 1,500 10 43,348 10 D•f•rr•d Incom• 2022 Other deferred income 29.269 Deferred inwme relates lo IrQme received in Ihe period Ihat is for projects for the following year131s1 March 20231, an¢J 15 included in the financi81 slalements 85 follows.. 2022 Deferred incomè is induded wthin-. Current liabilities 29.269 Movements in the period.. Deferred incomè at 27 July 2021 Resources deferred in Ihe period 29.269 Deferred incorre at 31 Marth 2022 29,269
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022 11 Restricted funds The income funds ol the charty indude restn.cted furKIs IXMllPri5illg the followng unexpended balances of donations and grants held on trust for speufic purposes". Movemènt In funds kn¢omlng 8t Inwnlng le¥our¥ 27 2021 re#ourte$ Movèmènt In funds Ro$ourc•• oxp•nde Bo¢0 at 31 March 20 Arts Council England- Enliven projecl Crawley Town Centr8- Enliven proj8et Crawley Borough Council . Enliven project Crèativ$ Playground projs¢t 13.500 30,746 13.500 15,514 115,2321 5.000 5.000 1991 1991 49,246 115,3311 33,915 12 Analytyls of n?t ass$ betw fund• Unr•8trSct•d R•8trlct•d funds funds 2022 2022 Total 2022 Fund b818nces 8t 31 March 2022 are psent¥d by.. Current assetsllliabilitiesl 33,915 34.883 33.915 34.883 13 R•lated party transactlons There were no di3clos8tJe rekqie(I party trans•¢tions during peri¢1.
Charity r•gistration numbèr 1195308 CREATIVE CRAWLEY CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022
CREATIVE CRAWLEY CIO LEGAL AND ADMINISTRATIVE INFORMATION Trustees Steven Sawyer Vanessa Dell Vicki Illingworth Laiba Baig Adam Jooli8 Tony Witton David Savage Andrea Dumbrdl Parvegn Khan IAppointed 27 July 20211 IAppoinled 27 July 20211 IAppointed 27 July 20211 IAppoinled 27 July 20211 IAppointed 27 July 20211 IAppoinled 27 July 20211 IAppointed 27 July 20211 IAppoinled 27 July 20211 IAppointed 27 JLJIY 20211 Charlty numb•r 119S308 Prlnclpal addrèss Crawley Colleg8 College Road Crawl RH10 1NR Ind¢pend•nt •x•mlntrr Wesi & Bewry Limited Mocatta House Tralalgar Pla¢$ Brighton 8N140U
CREATIVE CRAWLEY CIO CONTENTS Page Independent examine¢s report Statement of finan¢ial activities 8alancg shesl Notès to thè fin8ncial ststam•nts
CREATIVE CRAWLEY CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CREATIVE CRAWLEY CIO I r8POrt to th8 trustees on my 8xarnination ol the ffin8n(aal stat8m8nts of Creative Cr8wl8y CIO for th8 period 8nd8d 31 March 2022. R•sponslbllltl•s and basls ol f•port As the trustees of the charity you are respsitIe for the preparation of the financial statements in accordance with the requirements of the Charits'es Act 2011 Ithe 2011 Act). I report in respect of my ex8min8tion of the charity's financial slalements carried out under section 145 of the 2011 Act. In carrying out rny 8xaminalion I hav8 fOlked 811 lh8 apicAble Directions given by th8 Charity Commission under section 14515llbl ol the 2011 Acl. Independent txamln6r's statement Your att&ntion is drawn ¢0 lh8 fact th81 the charity has wepared finanryal stslemenls in accordance wth Accounting and Reporting by Charitie5 preparing their accounts In accordance with the Financ4al Reporting Standard applicable in the UK and Republic of Ire18nd IFRS 1021 in preference ¢0 the Accounting and Reporting by Charities.. St8tgmenl of Recommended Pradice issued on 1 Apiil 2005 which 1$ r8f8rr8d to in the 8Xt8nl r8gu18tions but has now b88n wlthdrawn. l understand that this has been done in order for finanaal statements to provide a true and lair view in accordance with Generally Accepted Accounting Practice effective lor reFM)rting periods beginning on or after 1 January 2015. I have cornpleted my examination. I confirm Ihat no matters have come to my attention in connection with the examination giving rne cause to believe thal in any material respect.. a¢¢ounllng records wara not kgpl in rèsps¢i ol tho ¢harity as requlr¢d by sg¢tion 130 of thg 2011 A¢t', or the financial statements do not accord wilh those records.. or tho flnancial statements do noi comply with the applicable qUIreMents concèming tha fomi and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that tha accounts give a true and lair wew which is not a matter conSered as part of an independent examination. I have no concerns and have come across no olher matters in connection with the examination lo which attention should be drawn in this report in or(ler to enable a proper understsnding of the finanrial ststernents to be reached. MicAel/e We¢tbury ACCA Mlchelle Westbury FCCA West & Bery Limited Mocatta House Tralalgar Place Brighton BN14DU Dated.. 16 January 2023
CREATIVE CRAWLEY CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2022 Unrestrlcted Restrlcted fund5 fund5 2022 2022 Total 2022 Notes Income from: Donations and leg8CIg3 Charitable acts'vitses 2,500 13,500 35,746 16,000 35.746 Total Incom• 2.500 49.246 51.746 Ex enditure Charitable activits'es 1,532 15.331 16,863 Net Income for the perl¢)dl N•t movom•nt In funds 33,915 34,883 Fund balances at 27 July 2021 Fund balanc•8 at 31 March 2022 968 33.915 34.883 Th$ sl81gmenl of finan¢i818diviti$s indud&s all gains and10ssg$ rwnised in the ntyj. All Incom8 and 8xpènditur8 derive from contlnuin9 actknts"8s.
CREATIVE CRAWLEY CIO BALANCE SHEET AS AT31 MARCH 2022 2022 Notes Currènt assets Cash at bank and in hand 78.231 Credltors: amounts falllng du• wlthln on? year 143,3481 Net current assets 34,883 Income funds Restricted funds Unrestricted funds 11 33.915 968 34.883 16th January 2023 The fin8nci81 $18lements were approved by the Twuslees M ......................... SiaAe Sau¥e¥ Stèvan S8wyer Trustee
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022 Accounting policies Charlty Informatlon Creative Crawley CIO is a charitable incorporated organisation. charity number 1195308. The prinapal address ofthe charity is Crawley College. College Road. Crawl8y RH10 1 NR. 1.1 Reporting period These are the first finanaal statements of the CIO and cover the period trom the charitys incorporation on 27th July 2021 until its accounling period end. 1.2 Accounting conv•ntion The finanaal statements have prèparÈd In accordancè with the charity's gtsvèming documènt, thè Charities Act 2011. FRS 102 "The Financial Reporting Standard apF4icat4e in the UK and Republic ol Ireland. I FRS 102.1 and th8 Charities SORP 'Accounting and Reporting by Charities." Statemènt of Rectsmmended Practice applicable to charities preparing their accovnls in accordance with the Financial Reporting Standard applicable in the UK and RepU1C ol Ireland IFRS 1021" leffeclive 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The ch8rily has taken 8dv8ntsge of the F*0ViS8 in the SORP for tharilies not to prepare 8 Stslement of C8sh Flows. Th6 financi81 statemènts havè daparted from the Chariiies (Accounts and Rèports) Règulations 2008 only lo the extent required to provide a truè and fair view. This departurè has involved following thè Statèmènt of Rgeommandgd Practicè for ¢hariti&s apYing FRS 102 rathèr than thg version ol thg Stat$mgnt of Racommanded PractlC6 which is rèfèrr8d to in the Regulations but which has since b&8n withdrawn. The financlal statements are prepared in sterting. vthich is the functional currency ol th8 charity. Monetary amounts in these financial stalernents are rounded lo Ihe nearest £. The financial sla¢ements have been prepared under historical cost convention. The principal accounting pdicie3 adopted are sel out below. 1.3 Golng concern At the time of approving the financial statements, the trustees have a r&asonable expectation that the charity has adequate resources lo continue in operational exislence for the loreseeable future. Thus the trustees continue to adopt the going oThcem basis of acCntIng in preparing Ihe financial slatements. 1.4 Charitablo funds Unreslri¢ted lunds are 8vailable for use 81 Ihe discyetion of Ihe Injstees in furtherance of their charitable objectives. Restricted funds are subjecl to speafic conditions by donors as lo how they may be used. The purposes and uses ol the restricted funds are sel oul in the notes lo ihe financial ststemenls. Endowmènt funds are subject to specffic condiiions by donors that the capiial must be maintained by the charity. 1.5 Ineom• Incorne is recognised when Ihe charity is legally entiued io il after any perfomiance conditions have been met, the amounts Can be rneasud lIablY. and il is probat4e Ihat income will be received. Cash donations are recognised on receipt. Other donats.ons a recognised once the charity has been nots'fied ol the donaiion, unless perf0mlan conditions require deferral ol the amounl. Income lax recOVerae in relation lo donations rved under Gift Aid or deeds of covenant is reca)gnised al the time of the donation.
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022 Aeeountlng pollelès IContlnu•dl Legacies are recognised on receipl or otherwse if Ihe charity has been rtified of an impending distribution, the amount is known. and reIpt is expected. 11 the amunl is not known. th8 legacy is treated as a contingent asset. 1.6 Expendltur• Expenditur8 is reCgniSed once there is 8 18981 or nstl¢tive oblig81ion to transfer gconomic bengfil to a third party, It is probable that a transl8r of economic ben8fft5 will be required in s8tt18ment. and th8 arnount of the obligats.on can be measured reliably. Expenditure is dassified by activity. The costs of each activity are made up of the totsl of direct costs and shared costs, including support costs inv(4ved in undertaking each activity. Direct costs attributable to a single acts'vity are allocated difecuy lo that activity. Shared costs whth contribute to more than one activity and support costs which are not attributable to a single activity are apporboned beeen those activits'es on a basis con51Stent with the use of resources. Central stsff costs are allocated on the basi5 of time spent, and depreciation charges are allocaled on the portion of Ihe asset's use. 1.7 Cash and cash •qulvalents Cash and ¢8sh equivalÈnts indude cash in hand. d$F)sits h•l¢J at ¢811 with banks, other short-term liouid invèstmènts with original malunlies of thr8e months or less. and bank ovèrdrafts. Bank ov8rdr8fts ara shown within borrowings In current liabilitses. Baslc fln•nclal •ss•ts Basic financial assets, vthith indude deblors 8nd cash and bank balances, are initially measured al transaction price including Irans8clion costs and are subsequently carried at arnortised cost using the effective intÈrésl mathod unless thè arrangemènt conslilulès a finanrAng transaction, whèrè thè transaction is measurèd at thè prèsent valuè of thè future racèipls discounled at a markat ratè ol Int8r8st. Financial assèts elassilied as r6ceivabl& within one year are not amortised. Baslc flnanclal Ilabllltl•s Basic financial liabilitie5. induding creditors and bank loans are initially reTr)gnised al transaction price unless the arrangement cons'tule& a financing transaction, where the debt instrument is measured 8t the present Valuè of th8 future payments discounted al 8 mawk81 rate of inlgrest. FancIal li8biliti8s d8ssified as p8y8ble within one year are not amortised. Debt instruments are subsequenuy carried at amorbsed cost, using the ellective Inte$1 rate method. Trade creditors are obligaknons lo pay lor wds or service5 Ihal have been ac4uired in the ordinary course of operalions from suppliers. Amounis payatAe are d85srfied as cijrrenl liabililies il payment is due within one ye8r or Igss. If nol. thgy 8rg presgnteil as non-91 liabililigs. Trade Creditors are reciyJnised inits'ally 81 transaction price and subsequenuy measured al 8mortised cost using the effective interest method. D•r8co9rtitioft tsf financial liaknlili•s Financial liabilities are derecognised when the Chari$ (traCtual obligations expire or are discharged or Cancel. 1.8 Ernployee benefits The cost ol any unused holiday entiuemenl is recognised in the wicJ in which the employee's setvices a received. Temiination benefits are re¢ognised immediately as an expense when the charity is demonstrably commrtted to temiinate the ernoYment of an empbyee or to provide lerminall beneffts.
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022 Critical accounting 85timates and judgements In the application of the charity'5 accounb.ng [x)lics, the tWU5tees are required to make judgement5, ests"tnates and assumptions about the carrying amount ol assets and liabilits.es that are not readily apparent from other SoUrs. The estimates and associated assumptions are based on historical experience and other factors that a considered lo be relevant. Aclual results may ¢Jiffer from these estimates. The ests'rnates and underfylig assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and lulu penods where the revision affect5 both current and future period5. Donatlons and 18gael•s Unr•$tri¢td R$tri¢t•d funds funds Totol 2022 2022 2022 Donations and gffts 2.SCKJ 13,500 16.000 Chadtoblg •¢tlvltl•¥ Charltsble activities Income 2022 Services prowded under o)ntract 35.746 Charltable tradlng In¢¢m• Charitable acliwlies
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022 Charitable activitses Charltabl actlvltl•s •xpendlture 2022 Artist fees and eXnSeS General production costs Production materials and equipmenl Vénue hira Freelance staff costs Recruitment, training 8nd deVepment 4.825 138 189 80 10.000 99 15.331 Share of support Costs (see note 61 Share of govemance costs (see note 61 32 1.500 16.863 Anatysls by fund Unre5tricled funds Restricted funds 1.532 15,331 16.863 Support eost• Support Govemance costs costs 2022 Bank fees 32 32 Audit fees 1.500 1,500 32 1.500 1,532 Analysed beeen Charitable actiwts.es 32 1,SOO 1,532 Governanc8 costs includes payrnents to the aC(xrants of£1.5(M) + vat for independent ex8rnlll8tion fees. Trustees None of the trustees lor any p8rsons ¢xjnn8Ct1 wrth Ih8rn1 r8ceived any r8mun8ration or benefits from th8 charity dunng the period.
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022 Employees The average rnonthly number ol employees duwing the period was: 2022 Numb•r Tot81 There were no employees vthose annual remuneration was more than £60.CWJO. Cr•dltori= amounts falllng duè wlthln onè yèar 2022 Notes Other taxatton and social sewrty Deferred income Trade creditors Accruals and deferred inrKJme 12.160 29.269 419 1,500 10 43,348 10 D•f•rr•d Incom• 2022 Other deferred income 29.269 Deferred inwme relates lo IrQme received in Ihe period Ihat is for projects for the following year131s1 March 20231, an¢J 15 included in the financi81 slalements 85 follows.. 2022 Deferred incomè is induded wthin-. Current liabilities 29.269 Movements in the period.. Deferred incomè at 27 July 2021 Resources deferred in Ihe period 29.269 Deferred incorre at 31 Marth 2022 29,269
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022 11 Restricted funds The income funds ol the charty indude restn.cted furKIs IXMllPri5illg the followng unexpended balances of donations and grants held on trust for speufic purposes". Movemènt In funds kn¢omlng 8t Inwnlng le¥our¥ 27 2021 re#ourte$ Movèmènt In funds Ro$ourc•• oxp•nde Bo¢0 at 31 March 20 Arts Council England- Enliven projecl Crawley Town Centr8- Enliven proj8et Crawley Borough Council . Enliven project Crèativ$ Playground projs¢t 13.500 30,746 13.500 15,514 115,2321 5.000 5.000 1991 1991 49,246 115,3311 33,915 12 Analytyls of n?t ass$ betw fund• Unr•8trSct•d R•8trlct•d funds funds 2022 2022 Total 2022 Fund b818nces 8t 31 March 2022 are psent¥d by.. Current assetsllliabilitiesl 33,915 34.883 33.915 34.883 13 R•lated party transactlons There were no di3clos8tJe rekqie(I party trans•¢tions during peri¢1.