## **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