p@optus Q Q This provided positive opportunities to experience the town centre and shows what can happenl Wonderful. Something a little different but still creative and encouraging. Participant Give it a Go workshop ParticipanL Enliven: You re Welcome I'm new to the area it was helpful in giving me a platform to be seen. QQ DIVERSECrawley has been invited to participate in some projects and I have enjoyed participating in memorable projects. Artis( Enliven.. Youre Welcome Audience, Auras Odyssey Provided us with confidence to carry on with an event after being knocked back by COVID. Wow. It's the busiest I've seen the High Street in the day for years. Amazing creation, her story is very moving and I say well done. Aura is definitely somethin completely different and out of the or inary, loved seeing her Local business, Enliven.. You're Welcome Audience member, Aura's Odyssey 16
INS Puff[2& P@fftooos In 2023/24 the Creative Playground programme begins in earnest and a new team starts to deliver it in the neighbourhoods of Crawley. We continue to develop the Crawle Creatives professional development network and bui significant partnerships with local organisations to explore what a creative hub in the town could look like. Althou h the formal partnership with CTC BID comes to an en we continue to work with key stskeholders to bring the town to life with arts and culture. 11 This report was approved by the Board of TrUStS on 21 November 2023 and signed on its behalf by: Steve Sawyer Chair of the Board of Trustees 17
Charity r•gistration numb•r 1195308 CREATIVE CRAWLEY CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
CREATIVE CRAWLEY CIO LEGAL AND ADMINISTRATIVE INFORMATION Trusts95 Stev8 Savry8r Vanessa Dell Vicki Illingworlh Laiba Baig Adam J(x)lia Tony Witton David Savage Andr88 Dumbrdl PaTheen Khan Charlty number 1195308 Prlnclpal address Cr8vAey Colleg8 College Road Crawley RH10 1NR Ind•pond•nt •xamSn•r West & Bery Limited Mocatta House Trafalgar Place Brighton 8N14DU
CREATIVE CRAWLEY CIO CONTENTS Page Independent examinerfs repNt Staternent of financial actiwti8S Balance sheet Notes to the financi81 slatements 4-12
CREATIVE CRAWLEY CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CREATIVE CRAWLEY CIO I r8port to th8 trust88s on my 8xaminats.on of the finanual stat8m8nts of Creativ8 Crawley CIO for th8 year 8nd8d 31 March 2023. Responslbllltles and basls of report A5 the truste85 of th& tharity you are r85ponsibl8 for the preparation of th8 financial statem8nts in 8ccord8nc8 with the requir8m8llts of th8 Charitl8s Act 2011 Ith8 2011 Acti. I report in respect of my examination of the charity's finanaal statements carried out under sectson 145 of the 2011 Act. In carrying out my examination I have fdlowed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs ststement sin the charity's gross income exceeded £2s0.OC your èxaminèr must bè a mèmber of a body Ilst8d In sectlon 145 of the 2011 Act. I confirm that l am qualified to undertake the examination buSe l am a member ol Association of Chartered Certified Accounlants. Wh is one ol the listed les. Your attention 15 drawn to the fact that the charity has prepared financial statement5 in accordance with Accounting and Reporting by Charilies preparing Iheir accounts in accordance wilh the Financial Reportsng Standard applicable in the UK and Republic ol Ireland IFRS 1021 in preference to Ihe Accounting and Reporting by Ch8ri1195'. Staternenl of Rewmmended Prathce issued on 1 April 2005 which is relerreil to in the extant regulatK)ns bul has now been wlthdrawn. l understand that this has been done in order for financial stalem8nts to provide a true and lair view in accordance with Generally Accepted AcLounting Practice effective for r8POrting periods beginning on or after 1 January 2015. I have completed my examination. l ¢onfiTh tha¢ no mallers have come to my attention in connection with the examinats'on giving me cause ¢0 believe that in any material respect.. accounting CordS were not kept in respect of the charity as required by section 130 of the 2011 Act.. or the financial $tatgrnenl$ do nol a¢¢ord with Ihose re1$., or the financial slalements do not comply with the applicable requirneD o)nceming the fomi and content ol accounts set out in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and lair view which is not a maller conSered as parl of an independent examination. I have no ¢x)ncerns and have come 8cros5 no other rn8tter5 in connection with the exarnin8tion lo which 8ttenlion should be drawn in this roport in ordgr to &nabl& a prOr understandin9 of the financial statemants to b? rtraehed. Mi¢Ael/e We¢t6qty FecA Mieh•llt W•stbury FCCA West & Berry Llmlted Mocatta House Trafalgar Place Brighton BN14DU 2023112118 Dated..
CREATIVE CRAWLEY CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrèstdct•d R•strlet•d funds funds 2023 2023 Totsl Unrestrlctèd Rèstrlet•d funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Charitsble activities Investments 25.000 212,560 122.654 237,560 122.654 85 2.500 13,500 35.746 16,000 35,746 85 Total Incom• 25,085 335,214 360,299 2,500 49,246 51,746 Ex ndlture on: Raising fund5 1.313 2.288 3,601 Charitsble activities 3.747 258.004 261.751 1.532 15,331 16,863 Total oxpendlture 5.060 260,292 265,352 1,532 15.331 16,863 Net Incomlng resourc•s bofore transfers 20,025 74.922 94.947 968 33,915 34,883 Gross translers beert funds {8,5681 Net In¢ome for the yearl Net movoment In funds 28,593 66,354 94,947 968 33,915 34,883 Fund balances al 1 April 2022 33.915 34,883 Fund balances al 31 March 2023 29.561 1LKJ.269 129,830 968 33,915 34,883 The stalemenl of financial 8clivilies indudes all gains and1055e5 re(wnised in Ihe year. l InMe and 0xrKIUrtr dwivo from Continuing a¢tiwbOS.
CREATIVE CRAWLEY CIO BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notes Current assets Debtors Cash at bank and in hand 12 111.437 48.848 78.231 160.285 78.231 Cr•dltors: amounts falllng duè wlthln on• yaar 13 130.4551 143,3481 Net current assets 129.830 34,883 Ineomè lund8 Restricted funds Unrestriet8d funds 15 100.269 29,561 33,915 129,830 34,883 2023112115 The financial Statements were approved by Ihe Trustees on ......................... StaAe Sawyél Steve S8wy¥r Trustee
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Aeeounting polieies Charlty Informa0 Creative Crawley CIO is a charitable incorwrateil organisation. charity number 1195308. Th8 principal addr8ss of the tharity is CravA8y Colleg8. College Road. Cr8vAey RH10 1 NR. 1.1 Reporting period These are the first financial statements of the CIO and o)ver period from the charty's incorporation on 27th July 2021 unts'l its accounting pericxy end. 1.2 A¢counting conventlon The financial statements have been pPared in accordance with the Charit$ goveming document. the Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102,1 and the Charities SORP 'AUntIng and Reporting by Ch8rities.' Stalern8nt of Recommended Practice applicable lo charities prepanng Iheir accounis In accordance with Ihe Financial Reporting Standard 8pplicable in thè UK and Rèpublic of Ireland IFRS 1021" lèllèclivè l January 20191. charity is A Public 88nèfit Entsly as d8fin8d by FRS 102. The charity has taken advanlage ol the provis$ in the SORP for tharities not to prepare a Stat&menl ol Cash Flows. The financial slaternenls have departed from the Charities (Accounts and Reportsl Regulations 2008 only lo the exlent required ¢0 provide a Irue and fair view. This departure ha5 involved following the Ststement ol Rectsmm$nded Pr8¢1ice lor ¢h8rities amyying FRS 102 raihtrr than the version of ihtr Statem$nl ol Ractsmm8nded Pr8ets'c6 which is rèferr1 to in thè R8gul8lions but which has sincè bèan withdrawn. The financial slalem6nts are prepared in sterling, which is the functional eurrency of the charity. Monatary amounts in these finanual statements are rounded lo the nearest £. The finanual statements have been prepared under ihe hiStlCa1 r#)st o)nvention. The principal accounting poIicAes adopied are set oul below. 1.3 Golng concern At the time ol approving the finanaal statements, the trustees have a reasonable expectation that the charity has adequate resources to o)ntsnue in operational existence for the loreseeable lulure. Thus the trustees continue to adopt the going cncern basis of accountsng in preparing Ihe financial sialements. 1.4 Charltabl• funds Unrestricted funds are available lor Use 81 Ihe dis¢xetion of Ihe Injstees in lurtherance of their charitable objgotiv?S. Restricted funds are subjecl to specific conditions by donors as io how they may be used. The purposes and uses of the restricted lunds are set out in the notes io Ihe financial statements. Endowment funds are subject to speufic conditions by dCorS that the capital must be mainiained by the charity. 1.5 Income Incorne is recognised when the charity is legally entiued to it after 8ny p8rft)rm8nc8 conditions have b88n m8t, the amounts can b8 m8asured r8liably. and il is probable that inu)m8 VAII b8 received. Cash donaty'ons are recognised on relp1. Other donations are re(x)gnised once the charity has been notified of the donation, un1955 performance o¢)ndrts require deferral of the amounl. Income tax rgcovgrable in relation to donations received under G[ftd or deeds of covenant is recogni5ed at the tim8 of the donab"on.
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnuedl Legacies are recognised on Tlp1 or othemse if the charity has been nOtrfl of an impending dislribub'on, the amo(Jnt is known. and receipt is expected. W the amounl is not known, the legacy is treated a5 8 contingent as58t. 1.6 Expenditur• Expenditure is cOgnised once the is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount ol the obligation can be measured reliably. Expenditure is clas5ffied by activity. The cosls of each aclivity are made up of the total of direct costs and sh8r8d costs, including 5LJPPOrt costs inv(Aved in undert8king each 8Ctivity. Direct costs attributab18 10 8 5ingl8 adivity ar$ allocated directly to thal acVity. Shared costs which conliibute to rnore than one activity and support costs whid) ar* not attributablè to a single acbvily are apwrtioned betwèen those activitiès on a basis consistent with the usè of resources. Central staff costs are allocatad on thè basis ol ts'ma spènt, and depreciation charges are allocated on Ihe porbon of the asset's use. 1.7 Cash and eash •qul¥alènt$ Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-temi liquid investrnents with original maturilies of three months less, and bank overdrafts. Bank overdraft8 are shown within borrowing5 in currenl liabilities. 1.8 Flnanelal Instrumènts The charity has elected to apply the provisions of Section 11 'Basic Financlal Instruments, and Section 12 'other Financial Instruments Issues. of FRS 102 10 al ol its financjal instruments. Financial inslrumtsnts are recogni in lh& charitys balance sh¥&l when tho charity b8me$ party lo the contractual provi$ions ol the in$trum¥nt. Financial assets and liabilities are offsel. with th& net amounts psented in the financial statements, when there is a legally enforceable right to set off the reo)gnised arnounts and there is an intention to setue on a net basis or to realise the asset and setlle the liability simullaneousty. B4sl¢ fInal41 assets Basic financial assets. which indude debtors and cash and bank balances, are initially measured at transaction pri induding transaction costs and are subsequently carried at amortised cost using the effective interest method unless Ihe arrangement consli¢u¢es a financing transaction. where the transaction is measured at Ihe present value of the future receipls d15unIed at a market rate of interest. Financial assets classified as CeIV9b1e wilhin one year are not anKNbsed. Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangemen¢ constitutes a financing transaclion. Whe the debt ins¢rument is rneasured al the presen¢ value of the future payrnents discounted 8t a markel rate of inlerest. Finanryal liabilities clas5ifie¢J as payable within on8 year ar8 not amortised. Debt instruments are subsequentty carried at am0se cost, u&ng the effective interest rate method. Trade creditors are obligations to pay for gcths or services tha¢ have been acquired in the ordinary course ol operations from suppliers. Amounts payable are dassrfied as CUnI liabilit8 if payment is due within one year or less. If not, they are presented as non-current liabilitses. Trade creditors are re¢ognised initially at tr8ns8ction pri(Y and subsequently measured at amortised cost using the effective interest method.
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnuedl Derecognition of financial liatslitses Financial liabilities are derecognised when the tharity's contractual obligations expire or are discharged or cancelled. 1.9 Employee benefits The cost ol any unuse(I holiday ents"Uemènt is recognised in thè wiic¥J in whid) the employee's sèrvices are received. Terrnination benefits are recognised immediately as an expense vthen the charity is demonstrably c£Jmmitted to terminate the employment of an employee or to provide lerminar benefts. Crltlcal accountlng •sllmalg¥ and Judgem•nts In the appliCatn of lh¢ ¢harily's a¢¢ounting poli(ies, th* trus1 are required to mak$ judgements, e$tlmates and assumptions about th• carrying amount of assèts and liabilili•s that arè not readily apparent from othèr sources. The estimates and associated assumpInS a based on historical experience and other laclors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumplions a reviewed on an ongoing basis. Revisions to accounting estimates are recognised in Ihe penod in whh the estimate is revised where the revision affects only that period. or in the pericKI ol the revision arKI lulure peii¢xls where the revision affects both current and future periods. Donatlons and l•gaelè8 Unr•8trlct•d R••trlcted fvnds fund¥ Total Unre8trfct•d Rfrstrlct•d fund$ fvnd• Total 2023 2023 2023 2022 2022 2022 Donations and 9ift$ Govemment grants 25,0 206,560 6.OCKJ 231,560 2,5CK) 13,500 16,000 25.oc 212.560 237.560 2,500 13.500 16,000 Charltabl• aetlvltl•8 Charrlable Charitable activities activit185 ineome incom8 2023 2022 Service5 provided under (x)ntract Other income 117,075 5.579 35,746 122.654 35.746
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Investments Unr•strletod fvnds Total 2023 2022 Interest receivable Ralslng fund8 Unre•trict•d Rostrlcted fund• funds Total Totsl 2023 2023 2023 2022 Other fundraising costs 1.313 2,288 3,601 1,313 2,288 3,601
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitable activities Charltabl• Charltabla actlvltles actlvltles expenditure expenditure 2023 2022 Stsff costs Artist fees and expenses G9n&ral products'on costs Production materials and equipment Vènue hirè Freelance staff costs R8eruilm8nt, training and devèk)pmènt Advertising and marketing Evaluation Freelance crew and produdion support Hospitality and cataring Project travel. ac¢ommcxYaDon and 8ub3iStence Payroll f88S 17,036 56.126 9,994 19.297 779 120.623 1,385 11.702 10,170 4,217 676 2,298 240 4,825 138 189 10,000 254,543 15,331 Shar• ol support costs Is8• not8 81 Share ol governan costs (see noie 81 5,308 1,900 32 1,500 261,751 16,863 Analysos by fund Unrestricled funds Rastrieted funds 3.747 258,004 1,532 15,331 261,751 16,863
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support eosts Support Governance osts costs 2023 Support Gc*vernance costs 2022 Insurance IT equiprnent and sOfare costs Printing. poslage and st8tionery Sundry expenses Bank f88S Subscriptions Travèl, aecommod8tion and subsistene8 1,776 1.776 1,289 1.289 288 73 1.385 73 32 32 495 495 Accountancy and Independent examination fees 1.9CKJ 1.500 1,5QKJ 5,308 1,9CH) 7,208 32 1.500 1,532 Analy5ed betsveen Charitable activities 5,308 1.9(7 32 1.500 1,532 Gov¥manc8 ¢0$1$ includgs payments to th¥ a¢countsnts of t950 + vat 12022.. £750 + vat) for a¢¢ountancy fèas and £950 + val12022.' £750 + vatl lor Indepgndgnt gxamlnation 199$. Payroll fèos of £24012022.. £nlll were also paid to the accountants in the y&ar. Trustees None of the trustees lor any persons cThinecled with them) receNed any rernuneration or benefits frorn the charity during the year or prior year. 10 Employees The average monthly number ol employees during the yearwas= 2023 Number 2022 Number EMoYment costs 2023 2022 Wages and salaries 17,036 There were no employees wFM)se annual remuneration was more than £60.(KJO.
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Taxation The charity is exempt from tax on income and gains falling within seth.on 505 of the Taxes Act 1988 or section 252 01 the Taxationol Chargeable Gains Act 1992 to the exlent thal these are applied to its charitable objects. 12 Oebtors 2023 2022 Amounts falling due within one year: Other debtors 111.437 13 Crodltors: amounts falllng due wlthln on• year 2023 2022 Not 0lher18xation and 30cial security Deferred income Tradg creditors Other creditors A¢cw81s and deferreil income 12,160 29,269 419 14 8.450 20.105 1.900 1,500 30,455 43,348 14 Oeferrgd Incom• 2023 2022 Other deferred inwme 29,269 Deferred income relates lo income received in Ihe previous period that was for projects for (his year, and is iincluded in the financial statements as lollows.. 2023 2022 Deferred incorne is included wilhin.. Current liabilits'es 29,269 Movements in the year.. Deferred income at 1 April 2022 Released from previous periods Resources deferred in the year 29,269 129.2691 29,269 Deferred income at 31 March 2023 29,269 10-
00(QfO 000 0)00 000 ggg Lti O ) 0*0
0¥ CO(
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Analysis of net assets b8tW8en lund5 Unrestricted Reslrfcted funds funds 2023 2023 Totsl Unrestrlcted Restrlcted funds funds 2022 2022 Total 2023 2022 Fund balances at 31 March 2023 are repsented by.. Current assetsllliabilitiesl 29,561 1,269 129,830 33.915 34,883 29.561 1,269 129,830 33,915 34,883 17 Related party transactlons There were no disdO3ae related party transath'ons during the year or in the pnor period. 12
Charity r•gistration numb•r 1195308 CREATIVE CRAWLEY CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
CREATIVE CRAWLEY CIO LEGAL AND ADMINISTRATIVE INFORMATION Trusts95 Stev8 Savry8r Vanessa Dell Vicki Illingworlh Laiba Baig Adam J(x)lia Tony Witton David Savage Andr88 Dumbrdl PaTheen Khan Charlty number 1195308 Prlnclpal address Cr8vAey Colleg8 College Road Crawley RH10 1NR Ind•pond•nt •xamSn•r West & Bery Limited Mocatta House Trafalgar Place Brighton 8N14DU
CREATIVE CRAWLEY CIO CONTENTS Page Independent examinerfs repNt Staternent of financial actiwti8S Balance sheet Notes to the financi81 slatements 4-12
CREATIVE CRAWLEY CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CREATIVE CRAWLEY CIO I r8port to th8 trust88s on my 8xaminats.on of the finanual stat8m8nts of Creativ8 Crawley CIO for th8 year 8nd8d 31 March 2023. Responslbllltles and basls of report A5 the truste85 of th& tharity you are r85ponsibl8 for the preparation of th8 financial statem8nts in 8ccord8nc8 with the requir8m8llts of th8 Charitl8s Act 2011 Ith8 2011 Acti. I report in respect of my examination of the charity's finanaal statements carried out under sectson 145 of the 2011 Act. In carrying out my examination I have fdlowed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs ststement sin the charity's gross income exceeded £2s0.OC your èxaminèr must bè a mèmber of a body Ilst8d In sectlon 145 of the 2011 Act. I confirm that l am qualified to undertake the examination buSe l am a member ol Association of Chartered Certified Accounlants. Wh is one ol the listed les. Your attention 15 drawn to the fact that the charity has prepared financial statement5 in accordance with Accounting and Reporting by Charilies preparing Iheir accounts in accordance wilh the Financial Reportsng Standard applicable in the UK and Republic ol Ireland IFRS 1021 in preference to Ihe Accounting and Reporting by Ch8ri1195'. Staternenl of Rewmmended Prathce issued on 1 April 2005 which is relerreil to in the extant regulatK)ns bul has now been wlthdrawn. l understand that this has been done in order for financial stalem8nts to provide a true and lair view in accordance with Generally Accepted AcLounting Practice effective for r8POrting periods beginning on or after 1 January 2015. I have completed my examination. l ¢onfiTh tha¢ no mallers have come to my attention in connection with the examinats'on giving me cause ¢0 believe that in any material respect.. accounting CordS were not kept in respect of the charity as required by section 130 of the 2011 Act.. or the financial $tatgrnenl$ do nol a¢¢ord with Ihose re1$., or the financial slalements do not comply with the applicable requirneD o)nceming the fomi and content ol accounts set out in the Charilies (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and lair view which is not a maller conSered as parl of an independent examination. I have no ¢x)ncerns and have come 8cros5 no other rn8tter5 in connection with the exarnin8tion lo which 8ttenlion should be drawn in this roport in ordgr to &nabl& a prOr understandin9 of the financial statemants to b? rtraehed. Mi¢Ael/e We¢t6qty FecA Mieh•llt W•stbury FCCA West & Berry Llmlted Mocatta House Trafalgar Place Brighton BN14DU 2023112118 Dated..
CREATIVE CRAWLEY CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrèstdct•d R•strlet•d funds funds 2023 2023 Totsl Unrestrlctèd Rèstrlet•d funds funds 2022 2022 Total 2023 2022 Notes Income from: Donations and legacies Charitsble activities Investments 25.000 212,560 122.654 237,560 122.654 85 2.500 13,500 35.746 16,000 35,746 85 Total Incom• 25,085 335,214 360,299 2,500 49,246 51,746 Ex ndlture on: Raising fund5 1.313 2.288 3,601 Charitsble activities 3.747 258.004 261.751 1.532 15,331 16,863 Total oxpendlture 5.060 260,292 265,352 1,532 15.331 16,863 Net Incomlng resourc•s bofore transfers 20,025 74.922 94.947 968 33,915 34,883 Gross translers beert funds {8,5681 Net In¢ome for the yearl Net movoment In funds 28,593 66,354 94,947 968 33,915 34,883 Fund balances al 1 April 2022 33.915 34,883 Fund balances al 31 March 2023 29.561 1LKJ.269 129,830 968 33,915 34,883 The stalemenl of financial 8clivilies indudes all gains and1055e5 re(wnised in Ihe year. l InMe and 0xrKIUrtr dwivo from Continuing a¢tiwbOS.
CREATIVE CRAWLEY CIO BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notes Current assets Debtors Cash at bank and in hand 12 111.437 48.848 78.231 160.285 78.231 Cr•dltors: amounts falllng duè wlthln on• yaar 13 130.4551 143,3481 Net current assets 129.830 34,883 Ineomè lund8 Restricted funds Unrestriet8d funds 15 100.269 29,561 33,915 129,830 34,883 2023112115 The financial Statements were approved by Ihe Trustees on ......................... StaAe Sawyél Steve S8wy¥r Trustee
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Aeeounting polieies Charlty Informa0 Creative Crawley CIO is a charitable incorwrateil organisation. charity number 1195308. Th8 principal addr8ss of the tharity is CravA8y Colleg8. College Road. Cr8vAey RH10 1 NR. 1.1 Reporting period These are the first financial statements of the CIO and o)ver period from the charty's incorporation on 27th July 2021 unts'l its accounting pericxy end. 1.2 A¢counting conventlon The financial statements have been pPared in accordance with the Charit$ goveming document. the Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. I'FRS 102,1 and the Charities SORP 'AUntIng and Reporting by Ch8rities.' Stalern8nt of Recommended Practice applicable lo charities prepanng Iheir accounis In accordance with Ihe Financial Reporting Standard 8pplicable in thè UK and Rèpublic of Ireland IFRS 1021" lèllèclivè l January 20191. charity is A Public 88nèfit Entsly as d8fin8d by FRS 102. The charity has taken advanlage ol the provis$ in the SORP for tharities not to prepare a Stat&menl ol Cash Flows. The financial slaternenls have departed from the Charities (Accounts and Reportsl Regulations 2008 only lo the exlent required ¢0 provide a Irue and fair view. This departure ha5 involved following the Ststement ol Rectsmm$nded Pr8¢1ice lor ¢h8rities amyying FRS 102 raihtrr than the version of ihtr Statem$nl ol Ractsmm8nded Pr8ets'c6 which is rèferr1 to in thè R8gul8lions but which has sincè bèan withdrawn. The financial slalem6nts are prepared in sterling, which is the functional eurrency of the charity. Monatary amounts in these finanual statements are rounded lo the nearest £. The finanual statements have been prepared under ihe hiStlCa1 r#)st o)nvention. The principal accounting poIicAes adopied are set oul below. 1.3 Golng concern At the time ol approving the finanaal statements, the trustees have a reasonable expectation that the charity has adequate resources to o)ntsnue in operational existence for the loreseeable lulure. Thus the trustees continue to adopt the going cncern basis of accountsng in preparing Ihe financial sialements. 1.4 Charltabl• funds Unrestricted funds are available lor Use 81 Ihe dis¢xetion of Ihe Injstees in lurtherance of their charitable objgotiv?S. Restricted funds are subjecl to specific conditions by donors as io how they may be used. The purposes and uses of the restricted lunds are set out in the notes io Ihe financial statements. Endowment funds are subject to speufic conditions by dCorS that the capital must be mainiained by the charity. 1.5 Income Incorne is recognised when the charity is legally entiued to it after 8ny p8rft)rm8nc8 conditions have b88n m8t, the amounts can b8 m8asured r8liably. and il is probable that inu)m8 VAII b8 received. Cash donaty'ons are recognised on relp1. Other donations are re(x)gnised once the charity has been notified of the donation, un1955 performance o¢)ndrts require deferral of the amounl. Income tax rgcovgrable in relation to donations received under G[ftd or deeds of covenant is recogni5ed at the tim8 of the donab"on.
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnuedl Legacies are recognised on Tlp1 or othemse if the charity has been nOtrfl of an impending dislribub'on, the amo(Jnt is known. and receipt is expected. W the amounl is not known, the legacy is treated a5 8 contingent as58t. 1.6 Expenditur• Expenditure is cOgnised once the is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount ol the obligation can be measured reliably. Expenditure is clas5ffied by activity. The cosls of each aclivity are made up of the total of direct costs and sh8r8d costs, including 5LJPPOrt costs inv(Aved in undert8king each 8Ctivity. Direct costs attributab18 10 8 5ingl8 adivity ar$ allocated directly to thal acVity. Shared costs which conliibute to rnore than one activity and support costs whid) ar* not attributablè to a single acbvily are apwrtioned betwèen those activitiès on a basis consistent with the usè of resources. Central staff costs are allocatad on thè basis ol ts'ma spènt, and depreciation charges are allocated on Ihe porbon of the asset's use. 1.7 Cash and eash •qul¥alènt$ Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-temi liquid investrnents with original maturilies of three months less, and bank overdrafts. Bank overdraft8 are shown within borrowing5 in currenl liabilities. 1.8 Flnanelal Instrumènts The charity has elected to apply the provisions of Section 11 'Basic Financlal Instruments, and Section 12 'other Financial Instruments Issues. of FRS 102 10 al ol its financjal instruments. Financial inslrumtsnts are recogni in lh& charitys balance sh¥&l when tho charity b8me$ party lo the contractual provi$ions ol the in$trum¥nt. Financial assets and liabilities are offsel. with th& net amounts psented in the financial statements, when there is a legally enforceable right to set off the reo)gnised arnounts and there is an intention to setue on a net basis or to realise the asset and setlle the liability simullaneousty. B4sl¢ fInal41 assets Basic financial assets. which indude debtors and cash and bank balances, are initially measured at transaction pri induding transaction costs and are subsequently carried at amortised cost using the effective interest method unless Ihe arrangement consli¢u¢es a financing transaction. where the transaction is measured at Ihe present value of the future receipls d15unIed at a market rate of interest. Financial assets classified as CeIV9b1e wilhin one year are not anKNbsed. Basic financial liabilities Basic financial liabilities. including creditors and bank loans are initially recognised at transaction price unless the arrangemen¢ constitutes a financing transaclion. Whe the debt ins¢rument is rneasured al the presen¢ value of the future payrnents discounted 8t a markel rate of inlerest. Finanryal liabilities clas5ifie¢J as payable within on8 year ar8 not amortised. Debt instruments are subsequentty carried at am0se cost, u&ng the effective interest rate method. Trade creditors are obligations to pay for gcths or services tha¢ have been acquired in the ordinary course ol operations from suppliers. Amounts payable are dassrfied as CUnI liabilit8 if payment is due within one year or less. If not, they are presented as non-current liabilitses. Trade creditors are re¢ognised initially at tr8ns8ction pri(Y and subsequently measured at amortised cost using the effective interest method.
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accountlng pollcles Icontlnuedl Derecognition of financial liatslitses Financial liabilities are derecognised when the tharity's contractual obligations expire or are discharged or cancelled. 1.9 Employee benefits The cost ol any unuse(I holiday ents"Uemènt is recognised in thè wiic¥J in whid) the employee's sèrvices are received. Terrnination benefits are recognised immediately as an expense vthen the charity is demonstrably c£Jmmitted to terminate the employment of an employee or to provide lerminar benefts. Crltlcal accountlng •sllmalg¥ and Judgem•nts In the appliCatn of lh¢ ¢harily's a¢¢ounting poli(ies, th* trus1 are required to mak$ judgements, e$tlmates and assumptions about th• carrying amount of assèts and liabilili•s that arè not readily apparent from othèr sources. The estimates and associated assumpInS a based on historical experience and other laclors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumplions a reviewed on an ongoing basis. Revisions to accounting estimates are recognised in Ihe penod in whh the estimate is revised where the revision affects only that period. or in the pericKI ol the revision arKI lulure peii¢xls where the revision affects both current and future periods. Donatlons and l•gaelè8 Unr•8trlct•d R••trlcted fvnds fund¥ Total Unre8trfct•d Rfrstrlct•d fund$ fvnd• Total 2023 2023 2023 2022 2022 2022 Donations and 9ift$ Govemment grants 25,0 206,560 6.OCKJ 231,560 2,5CK) 13,500 16,000 25.oc 212.560 237.560 2,500 13.500 16,000 Charltabl• aetlvltl•8 Charrlable Charitable activities activit185 ineome incom8 2023 2022 Service5 provided under (x)ntract Other income 117,075 5.579 35,746 122.654 35.746
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Investments Unr•strletod fvnds Total 2023 2022 Interest receivable Ralslng fund8 Unre•trict•d Rostrlcted fund• funds Total Totsl 2023 2023 2023 2022 Other fundraising costs 1.313 2,288 3,601 1,313 2,288 3,601
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Charitable activities Charltabl• Charltabla actlvltles actlvltles expenditure expenditure 2023 2022 Stsff costs Artist fees and expenses G9n&ral products'on costs Production materials and equipment Vènue hirè Freelance staff costs R8eruilm8nt, training and devèk)pmènt Advertising and marketing Evaluation Freelance crew and produdion support Hospitality and cataring Project travel. ac¢ommcxYaDon and 8ub3iStence Payroll f88S 17,036 56.126 9,994 19.297 779 120.623 1,385 11.702 10,170 4,217 676 2,298 240 4,825 138 189 10,000 254,543 15,331 Shar• ol support costs Is8• not8 81 Share ol governan costs (see noie 81 5,308 1,900 32 1,500 261,751 16,863 Analysos by fund Unrestricled funds Rastrieted funds 3.747 258,004 1,532 15,331 261,751 16,863
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support eosts Support Governance osts costs 2023 Support Gc*vernance costs 2022 Insurance IT equiprnent and sOfare costs Printing. poslage and st8tionery Sundry expenses Bank f88S Subscriptions Travèl, aecommod8tion and subsistene8 1,776 1.776 1,289 1.289 288 73 1.385 73 32 32 495 495 Accountancy and Independent examination fees 1.9CKJ 1.500 1,5QKJ 5,308 1,9CH) 7,208 32 1.500 1,532 Analy5ed betsveen Charitable activities 5,308 1.9(7 32 1.500 1,532 Gov¥manc8 ¢0$1$ includgs payments to th¥ a¢countsnts of t950 + vat 12022.. £750 + vat) for a¢¢ountancy fèas and £950 + val12022.' £750 + vatl lor Indepgndgnt gxamlnation 199$. Payroll fèos of £24012022.. £nlll were also paid to the accountants in the y&ar. Trustees None of the trustees lor any persons cThinecled with them) receNed any rernuneration or benefits frorn the charity during the year or prior year. 10 Employees The average monthly number ol employees during the yearwas= 2023 Number 2022 Number EMoYment costs 2023 2022 Wages and salaries 17,036 There were no employees wFM)se annual remuneration was more than £60.(KJO.
CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Taxation The charity is exempt from tax on income and gains falling within seth.on 505 of the Taxes Act 1988 or section 252 01 the Taxationol Chargeable Gains Act 1992 to the exlent thal these are applied to its charitable objects. 12 Oebtors 2023 2022 Amounts falling due within one year: Other debtors 111.437 13 Crodltors: amounts falllng due wlthln on• year 2023 2022 Not 0lher18xation and 30cial security Deferred income Tradg creditors Other creditors A¢cw81s and deferreil income 12,160 29,269 419 14 8.450 20.105 1.900 1,500 30,455 43,348 14 Oeferrgd Incom• 2023 2022 Other deferred inwme 29,269 Deferred income relates lo income received in Ihe previous period that was for projects for (his year, and is iincluded in the financial statements as lollows.. 2023 2022 Deferred incorne is included wilhin.. Current liabilits'es 29,269 Movements in the year.. Deferred income at 1 April 2022 Released from previous periods Resources deferred in the year 29,269 129.2691 29,269 Deferred income at 31 March 2023 29,269 10-
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CREATIVE CRAWLEY CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Analysis of net assets b8tW8en lund5 Unrestricted Reslrfcted funds funds 2023 2023 Totsl Unrestrlcted Restrlcted funds funds 2022 2022 Total 2023 2022 Fund balances at 31 March 2023 are repsented by.. Current assetsllliabilitiesl 29,561 1,269 129,830 33.915 34,883 29.561 1,269 129,830 33,915 34,883 17 Related party transactlons There were no disdO3ae related party transath'ons during the year or in the pnor period. 12