CREATIVE CRAWLEY cio CRAWLEY Report of the Trustees year ending 31st March 2024 Objectives Achievements & Performance Financial Review Structure. Governance and Staff Future Plans If creativecrawley.com . @Creativecrawley FICtu￿.. RgBln Wg5' BJFW£tBroBdfigklCommun4tyCentr4 JBnu8ty2024. thotobYRoS￿ PowglL The Iru￿ceS present their annual repori and financial statemenis lor the year ended 31 March 2024. The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 110 the financial slalemenls and comply with the charilvs constitution, the Charities Act 20118nd 'Accouniing and Reportin by Ch8rilies- siatemeni of Recommended Practice ap licable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard app icable in the UK and Republic ol Ireland IFRS 1021, leff eclive 1 January 20191. OBJECTIVES OBJECTIVES UDLJElJ I IVEa The charity's objectives are: The advancement of arts and culture for the public benefit in Crawley, West Sussex and the surrounding area, in particular, but not exclusively by the provision of public performances. exhibitions, installations, and workshops. Vision Mission Our vision is for Crawley and the people who are there to be fulfilled, vibrant and thrive through creativity. With gentle tenacity and kind energy we champion creative people and their creativity in Crawley as a catalyst for positive social change in their lives. Values Create: creativity and creative acts are at the heart of what we do Support: we develop the ideas & talent of creative practitioners to make the best work they can in Crawley and beyond Include: anyone who wants to join in, can Surprise: we encourage people to expect the unexpected Listen: we take time to respond to what people tell us and remain nimble enough to respond Collaborate: we work with people to become more than the sum of our parts ACHIEVEMENTS & PERFORMANCE AuHlkV￿Mk1N I b b w￿￿<￿V￿(mA1NU The trustees have paid due regard to the public benefit guidance issued by the Charity Commission in deciding what activities the charity should undertake. Our work to developthe cultural infrastructure in the town continued through a partnership with national touring theatre company; Theatre Centre, who make new plays for and with young people. This year saw the beginning of our delivery phase for Arts Council England's Creative People and Places programme in Crawley; craWle￿S CreatlvePlayground, a national action-research programme supporting 39 different locations in England and running since 2012. Ir We supported them to move their base to Crawley and togetherwe launched a new creation space In Crawleyfor the development of new work for and with young people. Its aim is to get more people involved in arts and culture in the areas of least engagement through resident led activity. Crawley joined this programme in 2022 led by Manor Royal Business Improvement District and managed by Creative Crawley. In this year we also secured significant investment from Arts Council England to begin a pilot programme in 24125 called The Creative Village,. a brand new project to test the potential of creative hubs, workforce development and the creative economy in Crawley, West Sussex and Surrey. We continued to develop our support for local creative professionals through the Crawley Creatives network and now host a directory of over 50 local creatives on our website. The￿￿centr&S WeN Green$￿￿￿. Photo byl8nGre&nland. Our Give ita Go season encouraged local people to take part in and watch surprising contemporary performance in community centres, shopping centres and events in their own homes. 11 Creat1￿ Crawley has been a game changer locally. It has enabled me to bulld Invaluable links to gain insight into what s possible in mylocalarea which has resulted in positive newprofessional relationships, opportunities fornewprojects and R&D. Creatl Crawleyhas totallyaltered both myperceptlon of and relatlonshlp wlth Crawley. Local Creative Professional DATE & ACTIVITY TIMELINE tra￿￿ye￿a￿￿VJ￿tuPIfft DT8*TrjPLocefilmtrJllBow￿%h Fr￿8 F￿(￿121￿ hlakln Jamèx 5twglllngwilh PrtntMSk￿WMhArOlAb￿* And5¢r¢grtprirfngvthsar4h nial ithlh E Ba￿kol HDpe Klan￿RDY￿1chrt5lM?￿DO Mlmbr CornpWthU¥lArt3&Healthta thoknJalAcadanw. Fwal thlhBimon*41 SOUlt&aThkCenW Itwlie ￿£cre￿Dh)c￿fj[￿p. Frg 5h¢R Bthu¥KH#z¢￿kksth) cli￿50￿y.Caikb)n uralP￿T￿kor5rnwl CrawAoyCr8atNes•xhfDNlon BtArLlènl PMO FiopFrfdlPlCYart¢iyppW*hL4UraD* oxom InvhÈ ￿lFr￿èShCUB￿jb￿Sh) TWotthÉr C[￿1￿￿p1ay9roU ¢rthwWNhu$innMan￿Th0H4￿thI HOIAÈCOMINt￿thsh( wÉl￿n9(￿YI akorsMuralni88U APRIL JUNE AUGUST OCTOBER DECEMBER FEBRUARY MAY JULY SEPTEMBER NOVEMBER 2024 JANUARY MARCH craw*croat￿sm8￿tupW8&LGtÉ9n cr3L¥W5wr*sa￿Th¢9tr$¢*IY Lwnch FrooFrtdays È*atWnMJurPrkThrysehDoI FreeFrfo* MthhEtl ¢(￿￿￿h￿S IFU￿Yc￿[ Cral¥￿Yct￿￿n1&ItupataFS HOMECOMINGthhop5 WeTouchwgRd￿FtsybySgc0 Hand Dar￿9 FAanQlROWIBlD*￿w¢91SU$ CarotsDyvl NBtrallvp& Ini8ma￿n￿F￿slly C(m&WIthUs ICrydDnlAoLI.STOIAP JTTheobJM31kei.H¢￿I C(m3WthUslVKtothMelDtyal BREAThEAcathTr Iwttaus IGOMsPa¢rtFÉÉthJalGalL¥￿k Pa￿elmet￿*￿ PèacèPoom gslDWw&t￿fteklcOn￿jntyCw MuialMxk8hop5 klural PLaymakor4mp4Ury CM¥*CMil¥esm¢eiup¥￿hhrXl￿hntsJr ALL YÉA THE FOCUS OF OUR WORK I trUUUJ Uukf VVUM Crawley Creatives We toured an exhibition celebrating local professional creatives to the Ancient Priors (a disused restaurant on the High Street in Crawley), Theatre Centre's new space in West Green and Broadfield Community Centre. The exhibition proved a great way to raise the profile of local creative professionals and offered good networking opportunities for stakeholders and creatives. ( RAWLEY IXHIBITION Alongside the exhibition we hosted creative meetups in different locations in Crawley with guest speakers covering subjects such as "how to set up a festival" and "fundraising for individuals" We also visited a local spoken word artist (Woodzyl at one of his gigs in a shopping centre in Redhill and held a Crawley Creatives meet up beforehand, encouraging cross town collaboration. IIIES 4 APR S APR Graphic Rewilding.. Crawley Town Centre by Baker & Borowski The LOOKoufMuralby Kart Singporewala The Graphic Rewilding." Crawley Town Centre mural was installed in October 2021 with a view to it lasting until February 2022. At the lime of writing (June 20241 the vinyl mural and suffounding bin and tree wraps are still in sltu. Installed in 2022 The LOOKOUTMural by Karl Singporewala in Crawley Library continues io bring joy to m8ny visitors in its position In the entrance to the Children's Library. Crawley Town Centre BID has now taken over Its upkeep as our contract with them has come to an end. ThBLOOKOUTMur81 by Karl&ngpxew81a. Gr>phicR8bvllding CffivA8yTowne8nlr&. Photo by B2kerand Barowskl. GIVE IT A GO Glvkll AGU Building on our work in 22123 the Give it a Go season 2024, encouraged Crawley people to take part in and experience new performances in unusual places and offered Local young people the chance to meet and engage with local professional creatives. The Give ita Go season delivered 17 events reaching nearly 500 Ilve audlences, over 2000 dlgltal audSences and nearly 500 particlpants. Worf(shops and talksforyoung people aboutthe Creatlve Industrfes We hosted fourworkshops for Year 6 and Year 9 children from Seymour Primary School, Broadfield and The Gatwick Sch(x)I covering careers in Event Managemenc Production Management. Novel Writing and Architecture and offered talks and workshops led by local professional creatives for teachers. 4 eventsfor 160 participants. Crawleystories Working in partnership with Theatra Centre. we created a six part podcast series matching six young people fvom Crawley and six local artists. The series explores their favourite places in Crawley and is a great way to see the world through the eyes of local young people. 870 digftal audiencos (to March 2024). Llve perfomiancesand films We continued our relationship with videoclub and presented an outdoor film Irail around Bewbush shopping area Dorsten Square. We presented Figs In Wigs, AstrologyBingo in partnership with The Posh Club and Crawley LGBT+ at Broadfield Community Centre and supported four Crawley residents to take part in choreographer Gille Kleiman's friend,. a seven week project culminating in a simultaneous performance in participants, own homes in front of their friends and families. 8 events for 347 audlences. Manor RoyaL Where Arts and Business Collides and launch ofTheatre Centre space We showcased two ic￿1 creative spa￿S In Crawley by hosting high quality creative events: in partnership with Manor Royal BID and Gatwick Production Studios we welcomed nationally renowned performance company Clod Ensemble and immersive gaming studio BRiGHTBLACKand in P8rtnership with Theatre Centre we launched their new space welcoming local stakeholders to experience the polential of that building. 2 events for 103 audiences. We hoped to present Fatt Projects, PalaverPaty in in partnership with Marlborough Productions and Crawley LGBT+ at The Hawth, Crawley but due to threat of violent protest and onkn'ne hate crime the show was cancelled. This eXperIe￿e has resulted in CrawLey Borough Council developing their internal processes to better support organisations when there is negative responses to cultural aclivity in ihe town and has led to an increased level of security being put in place for Creative Crawiey events in the future. ia Professional andengagingstaff allpassionate and with inspiring lifestories. Have livedin Crawleyforover40 years andneverreally engagedin local artsso found it reallyinteresting. Toa¢herfrom The Gatwi¢kS¢lM)ol (13 Great to hearyoungpeoplesharing theirstories ar￿CelebratIng creativity in their8￿8. Crawley Stories listener 11 I thoughtthis was 8nexcellentevent th8tshone8 Ilghton this Importantcultu￿1, creativeasset vvithin M8norRwl. So manyexciting things are happening hereanditis important toshoulabout them lo thewidercommunity. AudienGe Member CRAWLEY'S CREATIVE PLAYGROUND LHAWLEY'b LHEAI IVL PLAYGHUUNL) From January to April 2023, we worked with a group of Crawley residents to develop a Theory of Change over 6 weeks ihat now underpins ihis programme of work. This year we ran a series of test events in order to listen to and learn from Crawley residents and help them shape the future programme. This year we worked across the whole town and focussed on 5 neighbourhrx)ds. We dellvered 125 eventsfor 31.185 people. Playmakers We started to develop a group of local volunteers who we call Playmakers. They worked with us to develop the core values of Ihe project, a mural project and told us the themes ihey care about that now form the basis of the programme. We experimented with panels. project specific meetings arKJ Programming Parties as ways of encouraging Playmakers to decide on the programme. 13 events for 138 peopla 4. pl lrniite Us We are regularly invited to attend events hosted by other community, business and education groups in the town. It's a fantastic Way for us to meet new people, learn about them and share ourvision and values. Each time we are invited into someone's space we ensure we bring a creative activity. We attended 21 events and engaged wlth over 1.000 people. Come Wrth Us We invite Crawley residents to visit high quality cultural events in London, Brighton and across West Sussex. This year we visited Brighton Dome and Brighton FestivaL Chichester Festival Theatre. The H8Wth, The Old Market, Hove, Croydon Mela Greenwich & Dockiands International Festival. Royal Academy, BroaJhvldAnsF95tival May2021 Ph)ioby RosiePow91L Southbank Centre and Wakehurst. 10 events for 70 people. BOOST This is our initiative of investment in small scale, sustainable creative ideas to encourage entrepreneurial and creative thinking in IC￿al residents. 6 local people were awarded up to £500 each to support their idea and received support in kind from the Creative Playground team. Thls included developing rna￿eting assets for The Friends of Goffs Parl developing floristry W0￿shOp skills and purchasing equipment to enhance an individual's freelan￿ opwrtunities supporting production of an outdoor poetry trail for a local writers group, supporting cost of room hire for a new writing group, career support for a movement-wellbeing practitioner and helping kick start a micro garden in BroadfieLd. Intotsl 792 people benefitted from these award& Free Frfdays BREATHE Academy Once a monih on a Friday aftemoon from July- October 2023 in different neighbourh(K)ds in Crawley we hosted drop in creative event& Free Fridays focus on fun, light touch engagement and were a great way to iniroduce ourselves io people. We hosted 7 artists from writers io cyanotype to printing and character creation. 13 events for 343 people. In partnership with inlernational beatboxeT SK Shlomo and l(omedia Production& we ran taster workshops secondary schfX)is Oriel High and The Gatwick School for 50 young people in Crawley aged 12 to 24 building to a performance on stage al Brighton Dome in April 2024. 3 events for 50 people. Muralworf(shopsand instsllation We have worked with 19 Playmakers to develop and curate 6 public art murals in the town in this year. Meeting monthly, they have shaped the artist brief, recruited the artists. contributed to the designs and helped spread the word. From January to March 2023 we undertook 26 mural creatlon workshops In different thations for ovor 350 residen 5 of the 6 murals began installation in March 2023 and ovar 23,000 people have engaged wlth them to the end of March. Bookof Crawleyworf(shops This is a guidebook created by 8 - 11 year olds in partnership wtth The Mil Primary School in lfield, Bewbush Academy, Langley Green Primary School, Seymour Primary School. Broadfield by Andy Field and Beckie Dariington. In this year we held 6 workshops vwth the children and teachers to develop the content for the iK)ok which will be launched in 24-25. 324 people We￿ Involved. 11 It sgreat fijn. iys greatforthecommunityto be mixing. ftopens up a lot of doors forparents thatdon'thave those activitiesat home. Partlc4)anL Free Frlday 11 I walkpast here everydayanditreallydoes lookgrey. These (murals) arebrightening up theplace andgiving it newlife. Bewbush resldent OluwaffjrniSabalglains*i{ngh￿B8W*uSArn￿fth. thoio by Rosig P￿￿911. HOMECOMING Estabrak's HOMECOMING installation in Crawley was co-produced by Marlborough Productions and Crawley's Creative Playground to ask the simple question: "What does home mean to you?" We ran workshops in the lead up to the installation in February with the WyLd Moihers group for moihers with young children and the Muslim Women's Jumma Group. Choogh Clwh by Beeja Wod**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
-
530,015
Charitable activities
**4**
-
61,540
Investments
**5**
274
-
**Total income**
274
591,555
**Expenditure on:**
Raising funds
**6**
-
2,313
Charitable activities
**7**
14,696
527,850
**Total expenditure**
14,696
530,163
**Net income/(expenditure)**
(14,422)
61,392
Transfers between
funds
(482)
482
**Net movement in**
**funds**
**9**
(14,904)
61,874
**Reconciliation of funds:**
Fund balances at 1 April 2023
29,561
100,269
**Fund balances at 31 March**
**2024**
14,657
162,143|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
530,015
25,000
212,560
61,540
-
122,654
274
85
-
591,829
25,085
335,214
2,313
1,313
2,288
542,546
3,747
258,004
544,859
5,060
260,292
46,970
20,025
74,922
-
8,568
(8,568)
46,970
28,593
66,354
129,830
968
33,915
176,800
29,561
100,269|**Total**
**2023**
**£**
237,560
122,654
85| |---|---|---| |||360,299| |||3,601
261,751| |||265,352| |||94,947
-| |||94,947
34,883| |||129,830| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 2 - ## **CREATIVE CRAWLEY CIO** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2024**_ |**2024**
**Notes**
**£**
**Current assets**
Debtors
**13**
17,283
Cash at bank and in hand
406,803
424,086
**Creditors: amounts falling due within**
**one year**
**14**
(247,286)
**Net current assets**
**Net assets excluding pension liability**
**The funds of the charity**
Restricted income funds
**17**
Unrestricted funds|**£**
176,800
176,800
162,143
14,657
176,800|**2023**
**£**
111,437
48,848
160,285
(30,455)|**£**
129,830| |---|---|---|---| ||||129,830| ||||100,269
29,561| ||||129,830| The financial statements were approved by the trustees on 1 August 2024 Steve Sawyer **Trustee** - 3 - ## **CREATIVE CRAWLEY CIO** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Notes**
**Cash flows from operating activities**
Cash generated from/(absorbed by)
operations
**21**
**Investing activities**
Investment income received
**Net cash generated from investing**
**activities**
**Net cash used in financing activities**
**Net increase/(decrease) in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2024**
**£**
274|**£**
357,681
274
-
357,955
48,848
406,803|**2023**
**£**
85|**£**
(29,468)
85
-
(29,383)
78,231
48,848| |---|---|---|---|---| - 4 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **Charity information** Creative Crawley CIO is a charitable incorporated organisation, charity number 1195308. The principal address of the charity is Crawley College, College Road, Crawley RH10 1NR. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Donated goods and services are recognised when the charity is legally entitled to those goods or services, it is probable that the items will be received and the value to the charity of the donated item can be measured reliably. - 5 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **(Continued)** Income from government grants and other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably. Income from contracts is recognised on an earned basis in the year in which the conditions for receipt are met. ## **1.5 Expenditure** Expenditure is recognised once there 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 of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. Governance costs are those costs incurred in connection with the compliance with constitutional and statutory requirements of the charity. Costs of raising funds comprises fundraising costs incurred in seeking donations and grants. ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.7 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. - 6 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** **(Continued)** ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.8 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.9 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying 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 future periods where the revision affects both current and future periods. ## **3 Income from donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
-
455,868
Government grants
-
-
Donated goods and
services
-
74,147
-
530,015|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
455,868
25,000
206,560
-
-
6,000
74,147
-
-
530,015
25,000
212,560|**Total**
**2023**
**£**
231,560
6,000
-| |---|---|---| |||237,560| - 7 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Income from donations and legacies**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**Donations and gifts**
Arts Council England
-
455,726
Small donations
-
142
-
455,868|**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**(Continued)**
455,726
25,000
206,500
231,500
142
-
60
60
455,868
25,000
206,560
231,560|**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**(Continued)**
455,726
25,000
206,500
231,500
142
-
60
60
455,868
25,000
206,560
231,560| |---|---|---| |||231,560| ## **3 Income from donations and legacies** ## **4 Income from charitable activities** |||||**Restricted**|**Restricted**|**Restricted**| |---|---|---|---|---|---|---| ||||||**funds**|**funds**| ||||||**2024**|**2023**| ||||||**£**|**£**| |**Charitable activities**||||||| |Services provided under|contract||||55,000|117,075| |Other income|||||6,540|5,579| ||||||61,540|122,654| |**Income from investments**||||||| |||||**Unrestricted**||**Unrestricted**| ||||||**funds**|**funds**| ||||||**2024**|**2023**| ||||||**£**|**£**| |Interest receivable|||||274|85| |**Expenditure on raising**|**funds**|||||| ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| ||**funds**|**funds**||**funds**|**funds**|| ||**2024**|**2024**|**2024**|**2023**|**2023**|**2023**| ||**£**|**£**|**£**|**£**|**£**|**£**| |**Fundraising and publicity**||||||| |Other fundraising costs|-|2,313|2,313|1,313|2,288|3,601| ## **5 Income from investments** **6 Expenditure on raising funds** - 8 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **7 Expenditure on charitable activities** ||**Charitable**|**Charitable**| |---|---|---| ||**activities**|**activities**| ||**2024**|**2023**| ||**£**|**£**| |**Direct costs**||| |Staff costs|99,572|17,036| |Artist fees and expenses|69,490|56,127| |General production costs|38,457|9,994| |Production materials and equipment|21,363|19,297| |Venue hire|8,859|779| |Freelance staff costs|138,555|120,622| |Recruitment, training and development|8,033|1,385| |Advertising and marketing|10,151|11,702| |Evaluation|22,340|10,170| |Freelance crew and production support|5,745|4,217| |Hospitality and catering|2,650|676| |Project travel, accommodation and subsistence|12,490|2,298| |Consultants fees|3,363|-| |Payroll fees|540|240| |Management fee|5,000|-| |Donated goods, facilities and services|74,147|-| ||520,755|254,543| |**Share of support and governance costs (see note 8)**||| |Support|19,391|5,308| |Governance|2,400|1,900| ||542,546|261,751| |**Analysis by fund**||| |Unrestricted funds|14,696|3,747| |Restricted funds|527,850|258,004| ||542,546|261,751| - 9 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **8 Support costs allocated to activities** |Telephone and internet
Insurance
IT equipment and software
Printing, postage and stationery
Website costs
Repairs and maintenance
Sundry expenses
Bank fees
Subscriptions
Travel, accommodation and subsistence
Governance costs
**Analysed between:**
Charitable activities
**9**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for the independent examination of the charity's financial statements
- for other assurance services
- for other financial services|**2024**
**£**
660
3,004
6,270
728
4,711
240
394
61
1,149
2,174
2,400
21,791
21,791
**2024**
**£**
950
500
950|**2023**
**£**
-
1,776
1,289
2
-
-
288
73
1,385
495
1,900| |---|---|---| |||7,208| |||7,208| |||**2023**
**£**
950
-
950| ## **10 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year or prior year. ## **11 Employees** The average monthly number of employees during the year was: |**2024**|**2023**| |---|---| |**Number**|**Number**| |4|1| - 10 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**11**
**Employees**
**Employment costs**
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was more than £60,000.
**Remuneration of key management personnel**
The remuneration of key management personnel was as follows:
Aggregate compensation|**(Continued)**
**2024**
**2023**
**£**
**£**
94,758
17,036
3,214
-
1,600
-
99,572
17,036
**2024**
**2023**
**£**
**£**
46,600
-|**(Continued)**
**2024**
**2023**
**£**
**£**
94,758
17,036
3,214
-
1,600
-
99,572
17,036
**2024**
**2023**
**£**
**£**
46,600
-| |---|---|---| |||17,036| |||**2023**
**£**
-| |**12**|**Taxation**|||| |---|---|---|---|---| ||The charity is exempt from taxation on its activities because all its income is applied for charitable|||purposes.| |**13**|**Debtors**|||| ||||**2024**|**2023**| ||**Amounts falling due within one year:**||**£**|**£**| ||Trade debtors||1,200|-| ||Other debtors||6,283|111,437| ||Prepayments and accrued income||9,800|-| ||||17,283|111,437| |**14**|**Creditors: amounts falling due within one year**|||| ||||**2024**|**2023**| |||**Notes**|**£**|**£**| ||Other taxation and social security||13,003|-| ||Deferred income|**15**|185,000|-| ||Trade creditors||21,941|8,450| ||Other creditors||19,942|20,105| ||Accruals and deferred income||7,400|1,900| ||||247,286|30,455| - 11 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **15 Deferred income** |**15**|**Deferred income**|||| |---|---|---|---|---| ||||**2024**|**2023**| ||||**£**|**£**| ||Other deferred income||185,000|-| ||Deferred income relates to income received in the current period that is for projects for the 2024-25|||year, and| ||is included in the financial statements as follows:|||| ||Crawley Borough Council Shared Prosperity funding|£10,000||| ||Arts Council England Creative Village project funding|£175,000||| ||||**2024**|**2023**| ||||**£**|**£**| ||Deferred income is included within:|||| ||Current liabilities||185,000|-| ||Movements in the year:|||| ||Deferred income at 1 April 2023||-|29,269| ||Released from previous periods||-|(29,269)| ||Resources deferred in the year||185,000|-| ||Deferred income at 31 March 2024||185,000|-| |**16**|**Retirement benefit schemes**|||| ||||**2024**|**2023**| ||**Defined contribution schemes**||**£**|**£**| ||Charge to profit or loss in respect of defined contribution schemes||1,600|-| The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. - 12 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **17 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**Balance at**
**1 April 2022**
**r**
**£**
Arts Council England - Enliven
13,500
Crawley Town Centre - Enliven
15,514
Crawley Borough Council - Enliven
5,000
Arts Council England - Creative Playground
(99)
ACE National Lottery Project Grants -
Crawley Creatives
-
Crawley Borough Council - Creative Crawley
Give It A go
-
Crawley Borough Council - Creative
Playground
-
Crawley Town Centre BID - Creative
Playground
-
Small donations and earned income -
Creative Playground
-
Arts Council England - Creative Crawley
Give It A Go
-
Small donations and earned income -
Creative Crawley Give It A Go
-
Crawley Creatives
-
33,915|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
1,500
(15,000)
122,654
(129,600)
-
(5,000)
175,000
(80,632)
30,060
(30,060)
6,000
-
-
-
-
-
-
-
-
-
-
-
-
-
335,214
(260,292)|**Transfers**
**Balance at**
**1 April 2023**
**r**
**£**
**£**
-
-
(8,568)
-
-
-
-
94,269
-
-
-
6,000
-
-
-
-
-
-
-
-
-
-
-
-
(8,568)
100,269|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
-
-
-
-
-
-
458,968
(391,094)
-
-
-
(6,000)
50,000
(50,000)
5,000
(5,000)
2,612
(2,612)
70,905
(70,905)
4,070
(4,070)
-
(482)
591,555
(530,163)|**Transfers**
**Balance at**
**31 March 2024**
**£**
**£**
-
-
-
-
-
-
-
162,143
-
-
-
-
-
-
-
-
-
-
-
-
-
-
482
-
482
162,143|**Transfers**
**Balance at**
**31 March 2024**
**£**
**£**
-
-
-
-
-
-
-
162,143
-
-
-
-
-
-
-
-
-
-
-
-
-
-
482
-
482
162,143| |---|---|---|---|---|---| ||||||162,143| - 13 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **18 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**| |---|---|---|---|---|---| ||**2023**|**resources**|**expended**||**2024**| ||**£**|**£**|**£**|**£**|**£**| |Operating reserve|-|-|-|10,000|10,000| |General funds|29,561|274|(14,696)|(10,482)|4,657| ||29,561|274|(14,696)|(482)|14,657| |**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**| ||**2022**|**resources**|**expended**||**2023**| ||**£**|**£**|**£**|**£**|**£**| |General funds|968|25,085|(5,060)|8,568|29,561| A transfer from general unrestricted funds of £10,000 has been made in the year to a designated reserve. This fund has been set up to manage operational risk by allocating funds needed to cover operating costs. Our aim is to build this reserve over the next few years to cover at least three months running costs. ## **19 Analysis of net assets between funds** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 March 2024:**
Current assets/(liabilities)
14,657
162,143
14,657
162,143
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 March 2023:**
Current assets/(liabilities)
29,561
100,269
29,561
100,269|**Total**
**2024**
**£**
176,800| |---|---| ||176,800| ||**Total**
**2023**
**£**
129,830| ||129,830| ## **20 Related party transactions** There were no disclosable related party transactions during the year or in the prior period. - 14 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**21**
**Cash generated from operations**
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Movements in working capital:
Decrease/(increase) in debtors
Increase in creditors
Increase/(decrease) in deferred income
**Cash generated from/(absorbed by) operations**
**22**
**Analysis of changes in net funds**|**2024**
**£**
46,970
(274)
94,154
31,831
185,000
357,681|**2023**
**£**
94,947
(85)
(111,437)
16,376
(29,269)
(29,468)| |---|---|---| The charity had no material debt during the year. - 15 - **Charity registration number 1195308** ## **CREATIVE CRAWLEY CIO** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** ## **CREATIVE CRAWLEY CIO** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|Steve Sawyer|| |---|---|---| ||Vanessa Dell|| ||Vicki Illingworth|| ||Laiba Baig|| ||Adam Joolia|| ||Tony Witton|| ||Parveen Khan|| ||Sophia Thacker|(Appointed 8 January 2024)| |**Charity number**|1195308|| |**Principal address**|Crawley College|| ||College Road|| ||Crawley|| ||RH10 1NR|| |**Independent examiner**|West & Berry Limited|| ||Mocatta House|| ||Trafalgar Place|| ||Brighton|| ||BN1 4DU|| ## **CREATIVE CRAWLEY CIO** ## **CONTENTS** ||**Page**| |---|---| |Independent examiner's report|1| |Statement of financial activities|2| |Balance sheet|3| |Notes to the financial statements|5 - 15| ## **CREATIVE CRAWLEY CIO** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CREATIVE CRAWLEY CIO** I report to the trustees on my examination of the financial statements of Creative Crawley CIO for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the charity’s financial statements 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 2011 Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member 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 member of Association of Chartered Certified Accountants, which is one of the listed bodies. Your attention is drawn to the fact that the charity has prepared financial statements in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no 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 2011 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ## **Michelle Westbury FCCA** ## **West & Berry Limited** Nile House Nile Street Brighton BN1 1HW September 16, 2024 Dated: ......................... - 1 - ## **CREATIVE CRAWLEY CIO** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**3**
-
530,015
Charitable activities
**4**
-
61,540
Investments
**5**
274
-
**Total income**
274
591,555
**Expenditure on:**
Raising funds
**6**
-
2,313
Charitable activities
**7**
14,696
527,850
**Total expenditure**
14,696
530,163
**Net income/(expenditure)**
(14,422)
61,392
Transfers between
funds
(482)
482
**Net movement in**
**funds**
**9**
(14,904)
61,874
**Reconciliation of funds:**
Fund balances at 1 April 2023
29,561
100,269
**Fund balances at 31 March**
**2024**
14,657
162,143|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
530,015
25,000
212,560
61,540
-
122,654
274
85
-
591,829
25,085
335,214
2,313
1,313
2,288
542,546
3,747
258,004
544,859
5,060
260,292
46,970
20,025
74,922
-
8,568
(8,568)
46,970
28,593
66,354
129,830
968
33,915
176,800
29,561
100,269|**Total**
**2023**
**£**
237,560
122,654
85| |---|---|---| |||360,299| |||3,601
261,751| |||265,352| |||94,947
-| |||94,947
34,883| |||129,830| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. - 2 - ## **CREATIVE CRAWLEY CIO** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2024**_ |**2024**
**Notes**
**£**
**Current assets**
Debtors
**13**
17,283
Cash at bank and in hand
406,803
424,086
**Creditors: amounts falling due within**
**one year**
**14**
(247,286)
**Net current assets**
**Net assets excluding pension liability**
**The funds of the charity**
Restricted income funds
**17**
Unrestricted funds|**£**
176,800
176,800
162,143
14,657
176,800|**2023**
**£**
111,437
48,848
160,285
(30,455)|**£**
129,830| |---|---|---|---| ||||129,830| ||||100,269
29,561| ||||129,830| The financial statements were approved by the trustees on 1 August 2024 Steve Sawyer **Trustee** - 3 - ## **CREATIVE CRAWLEY CIO** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Notes**
**Cash flows from operating activities**
Cash generated from/(absorbed by)
operations
**21**
**Investing activities**
Investment income received
**Net cash generated from investing**
**activities**
**Net cash used in financing activities**
**Net increase/(decrease) in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2024**
**£**
274|**£**
357,681
274
-
357,955
48,848
406,803|**2023**
**£**
85|**£**
(29,468)
85
-
(29,383)
78,231
48,848| |---|---|---|---|---| - 4 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **Charity information** Creative Crawley CIO is a charitable incorporated organisation, charity number 1195308. The principal address of the charity is Crawley College, College Road, Crawley RH10 1NR. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to 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). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Donated goods and services are recognised when the charity is legally entitled to those goods or services, it is probable that the items will be received and the value to the charity of the donated item can be measured reliably. - 5 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** ## **(Continued)** Income from government grants and other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably. Income from contracts is recognised on an earned basis in the year in which the conditions for receipt are met. ## **1.5 Expenditure** Expenditure is recognised once there 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 of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use. Governance costs are those costs incurred in connection with the compliance with constitutional and statutory requirements of the charity. Costs of raising funds comprises fundraising costs incurred in seeking donations and grants. ## **1.6 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.7 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. - 6 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **1 Accounting policies** **(Continued)** ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.8 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.9 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying 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 future periods where the revision affects both current and future periods. ## **3 Income from donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Donations and gifts
-
455,868
Government grants
-
-
Donated goods and
services
-
74,147
-
530,015|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
455,868
25,000
206,560
-
-
6,000
74,147
-
-
530,015
25,000
212,560|**Total**
**2023**
**£**
231,560
6,000
-| |---|---|---| |||237,560| - 7 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**Income from donations and legacies**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**Donations and gifts**
Arts Council England
-
455,726
Small donations
-
142
-
455,868|**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**(Continued)**
455,726
25,000
206,500
231,500
142
-
60
60
455,868
25,000
206,560
231,560|**Total**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2024**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
**(Continued)**
455,726
25,000
206,500
231,500
142
-
60
60
455,868
25,000
206,560
231,560| |---|---|---| |||231,560| ## **3 Income from donations and legacies** ## **4 Income from charitable activities** |||||**Restricted**|**Restricted**|**Restricted**| |---|---|---|---|---|---|---| ||||||**funds**|**funds**| ||||||**2024**|**2023**| ||||||**£**|**£**| |**Charitable activities**||||||| |Services provided under|contract||||55,000|117,075| |Other income|||||6,540|5,579| ||||||61,540|122,654| |**Income from investments**||||||| |||||**Unrestricted**||**Unrestricted**| ||||||**funds**|**funds**| ||||||**2024**|**2023**| ||||||**£**|**£**| |Interest receivable|||||274|85| |**Expenditure on raising**|**funds**|||||| ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| ||**funds**|**funds**||**funds**|**funds**|| ||**2024**|**2024**|**2024**|**2023**|**2023**|**2023**| ||**£**|**£**|**£**|**£**|**£**|**£**| |**Fundraising and publicity**||||||| |Other fundraising costs|-|2,313|2,313|1,313|2,288|3,601| ## **5 Income from investments** **6 Expenditure on raising funds** - 8 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **7 Expenditure on charitable activities** ||**Charitable**|**Charitable**| |---|---|---| ||**activities**|**activities**| ||**2024**|**2023**| ||**£**|**£**| |**Direct costs**||| |Staff costs|99,572|17,036| |Artist fees and expenses|69,490|56,127| |General production costs|38,457|9,994| |Production materials and equipment|21,363|19,297| |Venue hire|8,859|779| |Freelance staff costs|138,555|120,622| |Recruitment, training and development|8,033|1,385| |Advertising and marketing|10,151|11,702| |Evaluation|22,340|10,170| |Freelance crew and production support|5,745|4,217| |Hospitality and catering|2,650|676| |Project travel, accommodation and subsistence|12,490|2,298| |Consultants fees|3,363|-| |Payroll fees|540|240| |Management fee|5,000|-| |Donated goods, facilities and services|74,147|-| ||520,755|254,543| |**Share of support and governance costs (see note 8)**||| |Support|19,391|5,308| |Governance|2,400|1,900| ||542,546|261,751| |**Analysis by fund**||| |Unrestricted funds|14,696|3,747| |Restricted funds|527,850|258,004| ||542,546|261,751| - 9 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **8 Support costs allocated to activities** |Telephone and internet
Insurance
IT equipment and software
Printing, postage and stationery
Website costs
Repairs and maintenance
Sundry expenses
Bank fees
Subscriptions
Travel, accommodation and subsistence
Governance costs
**Analysed between:**
Charitable activities
**9**
**Net movement in funds**
The net movement in funds is stated after charging/(crediting):
Fees payable to the charity's independent examiner:
- for the independent examination of the charity's financial statements
- for other assurance services
- for other financial services|**2024**
**£**
660
3,004
6,270
728
4,711
240
394
61
1,149
2,174
2,400
21,791
21,791
**2024**
**£**
950
500
950|**2023**
**£**
-
1,776
1,289
2
-
-
288
73
1,385
495
1,900| |---|---|---| |||7,208| |||7,208| |||**2023**
**£**
950
-
950| ## **10 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year or prior year. ## **11 Employees** The average monthly number of employees during the year was: |**2024**|**2023**| |---|---| |**Number**|**Number**| |4|1| - 10 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**11**
**Employees**
**Employment costs**
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was more than £60,000.
**Remuneration of key management personnel**
The remuneration of key management personnel was as follows:
Aggregate compensation|**(Continued)**
**2024**
**2023**
**£**
**£**
94,758
17,036
3,214
-
1,600
-
99,572
17,036
**2024**
**2023**
**£**
**£**
46,600
-|**(Continued)**
**2024**
**2023**
**£**
**£**
94,758
17,036
3,214
-
1,600
-
99,572
17,036
**2024**
**2023**
**£**
**£**
46,600
-| |---|---|---| |||17,036| |||**2023**
**£**
-| |**12**|**Taxation**|||| |---|---|---|---|---| ||The charity is exempt from taxation on its activities because all its income is applied for charitable|||purposes.| |**13**|**Debtors**|||| ||||**2024**|**2023**| ||**Amounts falling due within one year:**||**£**|**£**| ||Trade debtors||1,200|-| ||Other debtors||6,283|111,437| ||Prepayments and accrued income||9,800|-| ||||17,283|111,437| |**14**|**Creditors: amounts falling due within one year**|||| ||||**2024**|**2023**| |||**Notes**|**£**|**£**| ||Other taxation and social security||13,003|-| ||Deferred income|**15**|185,000|-| ||Trade creditors||21,941|8,450| ||Other creditors||19,942|20,105| ||Accruals and deferred income||7,400|1,900| ||||247,286|30,455| - 11 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **15 Deferred income** |**15**|**Deferred income**|||| |---|---|---|---|---| ||||**2024**|**2023**| ||||**£**|**£**| ||Other deferred income||185,000|-| ||Deferred income relates to income received in the current period that is for projects for the 2024-25|||year, and| ||is included in the financial statements as follows:|||| ||Crawley Borough Council Shared Prosperity funding|£10,000||| ||Arts Council England Creative Village project funding|£175,000||| ||||**2024**|**2023**| ||||**£**|**£**| ||Deferred income is included within:|||| ||Current liabilities||185,000|-| ||Movements in the year:|||| ||Deferred income at 1 April 2023||-|29,269| ||Released from previous periods||-|(29,269)| ||Resources deferred in the year||185,000|-| ||Deferred income at 31 March 2024||185,000|-| |**16**|**Retirement benefit schemes**|||| ||||**2024**|**2023**| ||**Defined contribution schemes**||**£**|**£**| ||Charge to profit or loss in respect of defined contribution schemes||1,600|-| The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. - 12 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **17 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**Balance at**
**1 April 2022**
**r**
**£**
Arts Council England - Enliven
13,500
Crawley Town Centre - Enliven
15,514
Crawley Borough Council - Enliven
5,000
Arts Council England - Creative Playground
(99)
ACE National Lottery Project Grants -
Crawley Creatives
-
Crawley Borough Council - Creative Crawley
Give It A go
-
Crawley Borough Council - Creative
Playground
-
Crawley Town Centre BID - Creative
Playground
-
Small donations and earned income -
Creative Playground
-
Arts Council England - Creative Crawley
Give It A Go
-
Small donations and earned income -
Creative Crawley Give It A Go
-
Crawley Creatives
-
33,915|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
1,500
(15,000)
122,654
(129,600)
-
(5,000)
175,000
(80,632)
30,060
(30,060)
6,000
-
-
-
-
-
-
-
-
-
-
-
-
-
335,214
(260,292)|**Transfers**
**Balance at**
**1 April 2023**
**r**
**£**
**£**
-
-
(8,568)
-
-
-
-
94,269
-
-
-
6,000
-
-
-
-
-
-
-
-
-
-
-
-
(8,568)
100,269|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
-
-
-
-
-
-
458,968
(391,094)
-
-
-
(6,000)
50,000
(50,000)
5,000
(5,000)
2,612
(2,612)
70,905
(70,905)
4,070
(4,070)
-
(482)
591,555
(530,163)|**Transfers**
**Balance at**
**31 March 2024**
**£**
**£**
-
-
-
-
-
-
-
162,143
-
-
-
-
-
-
-
-
-
-
-
-
-
-
482
-
482
162,143|**Transfers**
**Balance at**
**31 March 2024**
**£**
**£**
-
-
-
-
-
-
-
162,143
-
-
-
-
-
-
-
-
-
-
-
-
-
-
482
-
482
162,143| |---|---|---|---|---|---| ||||||162,143| - 13 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2024**_ ## **18 Unrestricted funds** The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. ||**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**| |---|---|---|---|---|---| ||**2023**|**resources**|**expended**||**2024**| ||**£**|**£**|**£**|**£**|**£**| |Operating reserve|-|-|-|10,000|10,000| |General funds|29,561|274|(14,696)|(10,482)|4,657| ||29,561|274|(14,696)|(482)|14,657| |**Previous year:**|**At 1 April**|**Incoming**|**Resources**|**Transfers**|**At 31 March**| ||**2022**|**resources**|**expended**||**2023**| ||**£**|**£**|**£**|**£**|**£**| |General funds|968|25,085|(5,060)|8,568|29,561| A transfer from general unrestricted funds of £10,000 has been made in the year to a designated reserve. This fund has been set up to manage operational risk by allocating funds needed to cover operating costs. Our aim is to build this reserve over the next few years to cover at least three months running costs. ## **19 Analysis of net assets between funds** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 March 2024:**
Current assets/(liabilities)
14,657
162,143
14,657
162,143
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 March 2023:**
Current assets/(liabilities)
29,561
100,269
29,561
100,269|**Total**
**2024**
**£**
176,800| |---|---| ||176,800| ||**Total**
**2023**
**£**
129,830| ||129,830| ## **20 Related party transactions** There were no disclosable related party transactions during the year or in the prior period. - 14 - ## **CREATIVE CRAWLEY CIO** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2024**_ |**21**
**Cash generated from operations**
Surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Movements in working capital:
Decrease/(increase) in debtors
Increase in creditors
Increase/(decrease) in deferred income
**Cash generated from/(absorbed by) operations**
**22**
**Analysis of changes in net funds**|**2024**
**£**
46,970
(274)
94,154
31,831
185,000
357,681|**2023**
**£**
94,947
(85)
(111,437)
16,376
(29,269)
(29,468)| |---|---|---| The charity had no material debt during the year. - 15 -