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2023-06-30-accounts

Trustees’ Annual Report for the period

From 20/06/22 To 30/06/23

Charity name: Chapel St Creative CIO

Charity registration number: 1199383

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To further or benefit the residents of
Penzance
and
the
neighbourhood,
without
distinction
of
sex,
sexual
orientation, race or of political, religious
or other opinions by associating together
the
said
residents
and
the
local
authorities,
voluntary
and
other
organisations in a common effort to
advance
education
and
to
provide
facilities in the interests of social welfare
for
recreation
and
leisure
time
occupation
with
the
objective
of
improving the conditions of life for the
residents.
In furtherance of these objects but not
otherwise, the trustees shall have power:
To establish or secure the establishment
of a community centre and to maintain or
manage or co-operate with any statutory
authority
in
the
maintenance
and
management of such a centre for
activities promoted by the charity in
furtherance of the above objects.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 During our first financial year and still in the
early stages of raising funds for the
purchase, refurbishment and operations of a
community centre our focus has been mainly
on securing charitable donations through
Crowdfunder platform and public donations,
raising £73,552 in match funding as well as
securing an £80,000 Town Council grant (to
be released on exchange of contracts)
towards a future Community Ownership
Grant of £169,000 Capital and £8,000
revenue through ‘The Department for
LevellingUp,Houses & Communities’.
Completing Surveys and valuations and
initiating legal representation in preparation
for the purchase of the building have been
the main expenses outlaid to date.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The Trustees have complied with their duty
to have due regard to the commission's
public benefit guidance when exercising any
powers or duties.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The Charities main achievements have been
raising significant funds through public
donations while securing a Town Council
Grant of £80,000 in match funding towards
preparing a Grant application through the
Department of Levelling up Community
Ownership Fund which will be used for the
purchase of the community centre so to
continue to provide a much needed space
for community groups and activity providers.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the end of the charities first financial year
we are delighted that after raising £73,552
through public donations, £67,900 of
unrestricted funds remains for towards the
purchase of the building after total expenses
of £5,652 made up of:
Crowdunder costs £542
Show tickets (fundraiser event) £272
2 x valuations £780
Drainage inspection £348
Building survey £960
Structural advice consultation £250
Solicitors fees £2500
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Reserves held to date are for the purpose of
purchasing the building once the remainder
of the funds are secured through the
Community Ownership Fund and the release
of the Town Council Grant
Amount of reserves held Para 1.22 £67,900
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Charitable Incorporated Organisation
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 There must be at least five 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.
Appointment of charity trustees
(a)
Apart from the first charity
trustees, every appointed trustee
must be appointed for a term of
three years by resolution passed
at a properly convened meeting of
the charity trustees.
(b)
In selecting individuals for
appointment as appointed charity
trustees, the charity trustees must have
regard to the skills, knowledge and
experience needed for the effective
administration of the CIO.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction and
training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51

Other

Reference and Administrative details

Charity name Chapel St Creative
Other name the charityuses
Registered charitynumber 1199383
Charity’s principal address The Centenary Hall
Chapel Street
Penzance
Cornwall
TR18 4AW

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Robert Love Chair
Benjamin
Richardson		 Secretary
Rachel Williams Treasurer
Trevor Hocking
Rebecca Gowers
Robert Crago Started October 2023
Thalia Marrington Started September 2023
Celeste Osborne

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 N/A
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 N/A
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own assets		 N’A

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Benjamin Richardson Position (eg Secretary, Secretary Chair, etc) Date 30/04/24

Chapel Street Creative CIO Chapel Street Creative CIO Chapel Street Creative CIO 1199383 CC16a
Receipts and Payments Account
For the period from 6/20/2022 To 6/30/2023
Section A Receipts and payments
A1 Receipts Unrestricted funds
to the nearest £		 Restricted funds
to the nearest £		 Endowment funds
to the nearest £		 Total funds
to the nearest £		 Last year
to the nearest £
- - - - -
Crowdfunder and other donations 32,252 - - 32,252 -
Crowdfunder individual donation 40,000 - - 40,000 -
Show Tickets fund raiser 895 - - 895 -
Quiz night donation 405 - - 405 -
- - - -
- - - -
- - - -
Sub total(Gross income for AR) 73,552
 - - 73,552 -
A2 Asset and investment sales, (see table).
- - - -
- - - - -
Sub total
-		 - - - -
Total receipts
A3 Payments
73,552 - - 73,552 -
- - - - -
Crowdfunder expenses 542 - - 542 -
Show ticket expenses 272 272
- - - - -
Property expenses - 2 valuations 780 780
Property expenses - drainage inspection/report 348 348
Property expenses - building survey 960 960
Property expenses - structural advice consultation 250 250
-
Property purchase expenses - solicitors fees 2,500 2,500
-
-
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
542.2 - - - - -
Sub total
5,652		 - - 5,652 -
A4 Asset and investment purchases, (see table)
- - - -
- - - -
Sub total
-		 - - - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
5,652 - - 5,652 -

67,900		 - - 67,900 -
- - - - -
- - - - -

67,900		 - - 67,900 -
Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
B1 Cash funds
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the charity’s own use
B5 Liabilities
Signed by one or two trustees on behalf of all the trustees		 Details Unrestricted funds
to nearest £		 Restricted funds
to nearest £		 Endowment funds
to nearest £
67,900 - -
- - -
- - -
(agree balances with receipts and payments account(s))
Details
Total cash funds		 67,900 - -
OK OK OK
Unrestricted funds
to nearest £		 Restricted funds
to nearest £		 Endowment funds
to nearest £
- - -
- - -
- - -
- - -
- - -
- - -
Details Fund to which asset
belongs		 Cost (optional) Current value (optional)
- -
- -
- -
- -
- -
Details Fund to which asset
belongs		 Cost (optional) Current value (optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Details Fund to which liability
relates		 Amount due (optional) When due (optional)
-
-
-
-
-
Signature Print Name
Date of approval

Independent examiner’s report to the trustees of Chapel Street Creative CIO

I report to the charity trustees on my examination of the accounts for the CIO for the period 20 June 2022 to 30 June 2023.

Responsibilities and basis of report

As the charity trustees of the CIO, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all applicable directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiners statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. Accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. The accounts do not accord with those records; or

  3. The accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulation 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 accounts to be reached.

Signed: A Phillips Name: Andrew Phillips Address: 10 Penwith Business Centre, Long Rock, Penzance TR20 8HL