Charity Registration No 1195473 Creative Juices Financial Statements For the year end 10 August 2023
CREATIVE JUICES LEGAL AND ADMINISTRATIVE DETAILS As of 10 August 2023 STATUS th Registered a5 a CIO on 11 August 2021. CHARITY NUMBER 1195473 BOARD OF TRUSTEES Professor Nicholas Ernest Cronk Sir David Willoughby Pountney Lesley Garrett Elizabeth Abrahams Charles Edward Dumas Emma Jenkins Caroline Clegg REGISTERED OFFICE 396 WALTON ROAD WEST MOLESEY KT8 2JG ACCOUNTANTS Hogbens Dunphy. 104 Oxford Street London WID ILP BANKERS ROYAL BANK OF SCOTLAND Royal Bank of Scotland, Drummonds Branch, 49 Charing Cr05s, London SWIA 2DX
CREATIVE JUICES Report of the Board ofTrustees The trustees present their report and the unaudited financial statements for the year ended 10 August 2023. Included within the trustees, report is the directors, report as required by company law. Reference and administrative ir)formation set out on page 2 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice- Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102. liability of members to contribute to the a55ets of the CIO if it is wound up If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. Our objectives and activities This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it IS set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes. To advance the public education, appreciation and understanding of the arts, in particular, but not exclusively the art of opera in all aspects, by the development, production and presentation of public operatic performances and educational workshops This is achieved by presenting, promoting, organizing, providing, managing or produclng opera's, concerts, musical pieces, entertainments, exhibitions, tutorials, seminars, courses and workshops in a wide range of locatlOn5. The trustees believe that the promotion and fostering of an appreciation of the arts can only truly expand horizons if it is both accessible and of the highest artistic integrity and standard. In shaping our activities for the year. the trustees have considered the Charity Commission's guidance on public benefit, including the guidance on public benefit and fee charging. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set. The strategies employed to achieve the charity's purpose thus combine artistic and broader social objectives with a requirement to establish financial sustainability. Financial Information
An income of £10,000 from the Genesis Foundation's "Kickstarter" Fund, with project outgoings of £4,831 leaving £5,251.41 to be carried forward. Reserves Policy The trustees are of the view that reserves are needed to bridge the gap between the spending and receiving of resources, to fund the development of future productions and respond to ongoing request5 for workshop programmes for schools and community programmes based on previous productions. Financial sustainability for an innovative company means having reserves to fund this important development activity. The lack of adequate reserves gives rise to a challenging backdrop to our ability to develop both our productions, our community activities and our objective of widening the er)gagement of new audiences in opera. The trustees will set a target to 2chieve an appropriate level of financial reservelongoing funding in the next financial year. Functions and duties of Charity Trustees The Charity Trustees shall manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. It is the duty of each Charity Trustee: lal To exercise his or her powers and to perform his or her functions in his or her capacity as a Trustee of the CIO in the way he or she decides in good faith would be most likely to further the purposes of the CIO,. and Ibl To exercise, in the performance of those functions, such care and skill as15 reasonable in the circumstances having regard in particular to.. li} Any special knowledge or experience that he or she has or holds himself or herself out as having; and, lill If he or she acts as a Charity Trustee of the CIO in the course of a business or profession, to any special knowledge or experience that it is reasonable to expect of a person acting in the course of that kind of business or profession. Number of Charity Trustees lal There must be at least three Charity Trustees. If the number falls below this minimum, the remaining Trustee or Trustees may act only to call a meeting of the Charity Trustees, or appoint a new Charity Trustee. Ibl There is no maximum number of Charity Trustees that may be appointed to the CIO. First Charity Trustees The f irst Charity Trustees lelected for the term of office specified below) are as follows..
al Elizabeth Abrahams (indefinite term) bl Caroline Clegg (seven year term) cl Ch2rlos Dumas (Chairl lindefinite term) dl Lesley Garratt CBE (indefinite term) el Emma Jenkins (seven year term) fl Sir David Pountney (seven year term) gl Nicholas Cronk (indefinite term) Appointment of Charity Trustees iii Apart from the first Charity Trustees, every Trustee must be appointed by a resolution passed at a properly convened meeting of the Charity Trustees. 121 In selecting individuals for appointment as Charity Trustees, the Charity Trustees must have regard to the Skills, knowledge alld experience needed for the effective administratlon of the CIO. Retirement and removal of Charity Trustees iii A Charity Trustee ceases to hold office if he or she: lal Retires by notifying the CIO in writing (but only if enough Charity Trustees will remain in office when the notice of resignation takes effect to form a quorum for meetings). Ibl Is absent without the permission of the Charity Trustees from all their meetings held within a period of six month5 and the Trustees resolve that his or her office be vacated. Icl Dies. Idl In the written opinion, given to the company, of a registered medical practitioner treating that person, has become physically or mentallv incapable of acting as a Trustee and may remain so for more than three months. lel Is disqualif led from acting as a Charity Trustee by virtue of sections 178- 180 of the Charities Act 2011 lor any statutory re-enactment or modification of that provision). If) In the case of a trustee elected for a fixed term of office - the term expires. Any person retiring as a Charity Trustee is eligible for reappointment. 121 HOGBENS DUNPHY LTD Thlrd FIDor 104-108 Oxlord Streèt London W1D 1LP 3,EL OLÈ loi*
CREATIVE JUICES REVIEW OF ACTIVITIES Due to the other activities of the Trustees taking precedence, the Charlty was unable to record any activity in the year 22123. Balance sheet as at 10 August 2023 Debtors, Cash at bank and in hand Total current assets 5, 169 5, 169 Liabilities Creditors.. amounts falling due in le55 than one year Net current assets Total assets less current liabilities 5, 169 The funds of the charity.. 5, 169 Restricted income funds
Unrestricted income funds 5,169 Interest earned 82,41 Total charit funds 5 251.41 For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The member5 have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company. The notes on pages 11 to 20 form part of these accounts. Approved by the trustees on 23 August 2024 and signed on their behalf by: (Trusteel