Creatlve Youth Network (A company limited by guarantee) Annual Report and Financial Statements for the year ended 31 December 2025 Company registration number: 01099684 Charity restratiOn number: 266318
Creatlve Youth Network Contents Forthe year ended 31 December 2025 Page Board of Trustee5 and Advisors Trustees, Report Statement of Trustees, Responsibilities 12 Independent Auditorfs Report 14 Statement of Financial Activities including income and expenditure account Balance Sheet 17 18 Statement oFCash Flows 19 Notes to the Financial Statements 20
Creatlve Youth Network Board of Trustees and Advlsors For the year ended 31 December 2025 Chief Executive Offlcer Mark Coates Trustees Noelle Rumball, Chair Robert Nye. Treasurer Neil Bennett Lucy Caswell [appointed 31 March 2026) James Foreman Joanna Grant (resigned 30 September 2025) Mohammed Rashid Andrewsmith Kirsty Swan (resigned 30 September 2025) Kayleigh Wainwright Katherine Ward Principal address and Registered Offlce 20. Old School House Kingswood Estate Britannia Road Kingswood Bristol BS15 8DB The charity is incorporated in England and Wales. Company Reglstration Number 01099684 Charity Registration Number 266318 Bankers UnityTrust Bank Nine Brindley place Birmingham BI 2HB Audltor MLAudit LLP Freshford House Redcliffeway Bristol BSI 6NL Page I
Creative Youth Network Trustees, Report For the year ended 31 December 2025 The trustees present their report and the audited flnancial statements for the year ended 31 December 2025. The accounts have been drawn up in compliance with the Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Rept>rting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I january 2019) ['SORW]. the Companies Act 2006 and in accordance with the charity's Memorandum and Articles olAssociation. Achlevements and performance 2025 was another extremely busy and impactful year for Creative Youth Network- a year of people, participation and partnership. The charity supported 2,144 young people through a range of services including.. 9 youth clubs across Bristol and South Gloucestershire (operatlng Irom The Station, Hillfields, Barton HilL StAnne's, Kingswood. Cadbury Heath. Hanha5n, Emerson's Green and Bitton)- 'Detached' youth work engaging y¢Jung people out in the community e.g. parks and the city centre. Young carers groups, foryoung people with unpaid caring responsibilities. LGBT+ groups. Support foryoung refugees and asylum seekers. Wellbeing supporL including through our Wellbeing Practitioner offer. Alternative Learning Programme- supporting young people referred by schools as being at risk Df disengaging from education. NEET {not in education. employment or training) progratnrnes.. for young people who have left school without an offer of further education, employment or training. Creative programmes- a wide-ranging programme for young people who want to engage in creative activities, either to develop skills and employability orjust for fun. In line with our organisational 5trdtegy. youth voice remained a key strand thmughout all of our service delivery 3nd we had notable youth voice successes including h05ting a -hackathon" where local young people fed dirertly into the Department for Culture Media and Sport [DCMS)'s consultation on the new National Youth Strategy. Partnership is fundamental to who Creatlve Youth Network are and what we do as an organi5ation. During 2025 we contt.nued to work with 3 wide-range of partners including.. Bristol Play & Youth A]liance (and each of the local area partnerships across Bristol) South Gloucestershire Youth Work Partnership Culture West (the West of England "Place Partnership ) The 'HYPE' partnership of Bristol organisations working with young people not in education employment or training INEET) The 'Engaging Potential, partnership fDr NEFf young people in South Gloucestershire Nimbus Sounds, a partnership between Aspiration Creation Elevation (ACE). Basement Studio and the Trinity Centre, bringing music making opportunities to young people who would not ordinarily get them Page 2
Creadve Youth Network Trustees. Report Forthe year ended 31 December 2025 Our tenant communities - over 50 mostly social purpose organisations co-located across our Kingswood, Hanham and Bridewelllcity centre sites, many ofwhom have overlapping missions to support young people. -Cre(7tive Futures helpedmefind my creotiv*footin9 and volce. l am o lot more confident as an artistand person. It s helped me receive compliments better undfeel the vulue of my work I nowfeelproud of the work I make and myself- participant on our Creative Futures Programme Young People reachlng their potent131 At the heart of our success are the Strong relationships we create between our staff and young people, A good relationship means young people are more willing to share their hopes and fears for the future and we are better able to help them achieve their goals. We ask young people about the relationship they have with our staffr in 2025 97% ofyoung people sald that the staff atCYN listened to them, 98 % said they enloyed thelr time at CYN, and 930/0 said there was an adult they trusted here. This bedrock of a stron& trusted relationship is vitsl when it comes to supporting young people. Whatever the situation a young person finds themselves in, our staff are there to walk the journey with them. We know young people are progressing in their lives a5 a result of our work with over 3,250 outcomes recorded in 2025. These include measurable improvements in self-confidence. phy.sical and mental health, social and fatnily relationships, teamwork and communication and young people understanding their rights and responsibilities as citizens. Many have learned new skills and made new friends as a result. Our theory ofchange Run activities young people will enjoy- youth clubs, courses, 121, smlcll groups 2.144 young people kn 2025 Attended 18,924 time5 Build relationships 93% say they have a trusted adult at Creative Youth Network Young peopleachiLve outcomes 3.252 in 2025 75% are vulnerable or under-represented We have impact Improved personal communication. improved sell-confidence. understanding rights and choices, improved physical health. positive relationships. improved mental health and wellbelng PaEe 3
Creative Youth Network Trustees. Report For the year ended 31 December 2025 Ourimpattln 2025 Durring 2025 Creative Youth Network- Worked with 2,144 young people, who collectively attended our programmes 18,924 tlmes. We work with some of our region's most disadvantaged. marginalised and excluded young people. includingyoung people from racialised communities. those entitled to free school meals, who are disabled, have poor mental health, are in care. are LGBT+, and other protected characteristics. Created effective and trusted relationships with young people - 93 % of young people said they have a trnsted adult at Creatlve Youth Networ14 and 97¥0 said that the staff at CYN listen to them. For some young people our staff are the only trusted adults in their lives. Recorded 3,252 outcomes by young people - although we know that this significantly under- represents the impact of our work as not all outcomes are recorded. More detsil on Creative Youth Network's activity and impact during 2025 is set out in our separdte impact report. Safeguardlng At the heart of all we do is keeping young people safe. We work tirelessly with statutory agencies to ensure young people who are at risk of harm by family, friends or others get the support they need. During 2025 we oveaW 95 safeguarding Lases (up from 76 in 2024). where our team had identified a young person as being at significant risk of harm orabuse- in each case ensuring thattheyoung person gotthe support they needed whether from Creative Youth Network orother agencies. This is in addition to a significantly higher number of more everyday concerns that did not meet the threshold. and which typifies the vitsl work our delivery teams do day-in-day-ouL Oblective5 and activities Objectlves Creative Youth Network (CYN) seeks to promote: The'relief. care and protection. of children in need The promotion of education of children and young persons The furtherance of the material, physical, mental and spiritual welfare of any child The advancement of education In setting the above objective5 and the charitys activities to deliver them, the trustees have complied with the duty in the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Page 4
Creatlve Youth Network Trustees, Report For the year ended 31 December 2025 Publlt benefit relating to our objects The relie[and care and protection of children andyounB persons who are in Fjeed. CYN runs range of courses, programmes and support for young people considered to be from disadvantaged backgrounds. These programme5 provide care and protection foryoung people, enabling them to care better for themselves. The promotion of the education of children ond young persons. CYN'S programmes include education in the arts. accreditation and academic learning. The furtherance of the materifJl. phcl, mental, and spiritual welfare of any child or young person who is in need or is being ill- treotedorabusedorotherwise isexposed to mor(Jlorphysical or other danger or who 15 beyond the control of his parent orguardian or who hos no porenfr or who its not receiving adequate educotion or trtsining suitable to his age, (ybility oroptitude either by rendering cure, advice. ossi5tance. support or friendship directly or through any person whether or not the father or mother or other relative of any such child oryoung person, the Expression fother to include a natural father. CYN works wth young people from areas of poverty, black and minority ethnic, in care, excluded from school, lesbian, gay. bisexual and transgender (LGBT) and those with special educational needs and disabilitie5 (SEND). Our programmes develop the physical welfare of these young people through performance arts such as dance and circus. mental welfare through personal developmentand conflict resolution programmes and through mentoring and one-to-one supporL The material needs of young people are met through high quality buildings, food and facilities when required on all programmes. To educate ondtrain personsin the theory andpractice ofthe educotion and care ofsuch children ondyoung persons. All staff receive regular training in the theory and practice of supporting young people. To promote and/or corry out reseurch into any or oll of the muttershereinbefore referred to and to publish the usefvl results thereof. Regular monitoring and evaluation enables improved service delivery. Strateglc Plans for the Future The charity's year strategy, available content loads 2025 12 creative outhnetworkstrate themes for 2023-Z028.. at hti final-com creative outhnetwork.o ressed. df sets out four key prioriry l) Trusted People 2} Safe Places and Spaces 3) Securing the Funding Young People Deserve 4} Youth Voice and Social Action Page 5
Creative Youth Network Trustees, Report For the year ended 31 December 2025 Pillar l - TTUSted People Youth work is all about people and relationships, so investing in our team (staff and volunteers) is the single most important thing we can do to ensure a high quality youth work and creative offer. Activity under thi5 Strategic theme includes.. An enhanced training and support offer, ensuri¥Jg that young people have the best possible youth workers and that staff feel that they belong and are invested in at Creative Youth Network. Continue to delSver on our equity, diversity & inclusion plan - ensuring that our workforce is representative of the young people and communities we work with. Continue to embed the Mental Health at Work ComtnitJnent into Creative Youth Network's culture and employment prartices. Enhance our commitment to recruiting young people into our workforce and young trustees onto our board. Plllar 2 - Place5 and Spaces Young people have also told us how much they value the places and spaces where we offer our youth work and creative activities. A sense of belonging is crucial for everyone's sense of self and community, and young people tell us that the youth clubs and community venues frotn which we deliver our programmes are important as 'their' spaces, where they can feel safe. Activity under this strategic therne includes.. Prioritise keeping ouryouth clubs and creative spaces open, accessible. welcoming and vibranc and actively work to expand and improve them where possible. Deliver on DUT renewed vision for the Station a5 a destination for young people and creativity. Deliver the vision of the Courts as a Creative Enterprise Hub. Develop and deliver on a renewed vision for the King5wood Estste. Invest in environtnental improvements across the places & spaces under our ownership or anagement- taking tangible steps towards our carbon net zero target. Pillar 3 - Secure the Funding Young People Deserve The UK'5 youth sector operates at a fraction of the scale and budget that it Used to. At the same time, levels of need amongst young people and their families is increasing, and casework has become substantially more complex. So we have ever-shrinking budgets (plus of course the c05t of living cri51S pushing costs up) - but we L7ren'tprepared tts keep cutting back on servEcesfor vulnerableyoung people. We therefore need to m2ke a step change in Creative Youth Network's ability to generate income from other sources, to meet the growing needs of young people. Acts'vity under this strategic theme include5'. Working collaboratively across the youth and creative sectors to secure funding from previously untapped sources such as health & social care. criminal justice and education- with an empha515 on growing the sector as a whole, rather than competing for funds within it. Begin funding interventions through the Alternative Learning Provision (ALP) framework and spot purchase arrdngetnents. including retaining a core l..1 offer for those young people who most need it. Increase income from our estates, to be reinvested into services foryoung people. Continue efforts to diversify our fundraising. Page 6
Creative Youth Network Trustees, Report Forthe yearended 31 December2025 Plllar 4- Youth Voice and Social Actlon Young people want to make things fairer and better. but they get way less than their fair Share of decision making authority. Creative Youth Network has a proud record of giving young people a voice. Ofgetting their stories heard, and taking their views to decision makers to effect change. We have good Ilnks and strong channels for amplifying young voices. including through our creative programmes (after all, creativity is inherently about self-expressionj but there is a whole lot more we can and should be doing. Activity under this strategic theme includes.. Significantly increase our ability to amplify youth voice - getting young people'5 voices heard and achieving practical and social change as a result. This will include getting voices heard nationally as well as locally, over the S year strategy span. Deliver on our new Participation Strategy, including developing our flagship young leaders, programme and a refreshed programme for employing young people within CYN (including apprenticeships and creative commissioning). Securing the NYA'5 "Hear by Righv accreditation, to ensure we achieve best practice in youth participation. Prioritise equity. diversity & inclusion workplace. Prioritise sust2inability - by 2027 CYN will have made significant progress on its journey to carbon net zero and have a clear plan for its remaining journey. CYN will become a tnore diverse and inclusive Mid.terni strateglc review and priorities for 2026-28 During 2025, in recognition that we were at the mid-point of our organisational 5 year strategy. we undertook a mid-strategy review to check that our strategic direction and priorities remained relevant. deliverable, and the best use of the charity's available resources. The process concluded that the strategy remained highly relevant and. in recognition of the significant change the organisation had been through in the first 2.5 years of the strategy [2023-2025), a period of consolidation was required, with a focus on seeing through existing plans and priorities before embarking on major new projects. As part of this approach, Creative Youth Network's priorities for 2026 and 2027 include= Support collective efforts (with the Bristol Play & Youth Alliance and the South Gloucestershire Youth Work Partnership) to develop enhanced training offers for the youth work workforce Review. publish and deliver on CYN'S refIective practice offer Achieve Disability Confident Employer level 2 Continue to develop the Ststion's offer as Bristol's city centre youth and community hub Continue to develop the Courts as a creative enterprise hub linking talented young people with creative/cultural sector rdreers Complete repairs/upgr3des at Hanham Youth Centre Collaborate with Kingswood Town Council towards establishment of a new youth club Page7
Creative Youth Network Trustees. Report Forthe year ended 31 December2025 Secure replacement for key funding streams including lottery grant and NEET programmes Achieve continued steady growth in the volume/value of ALP commissions Continue progres5 with the Estate5 Strategy and Business Plan Explore options for new income generation including from the Courts basement Review and re-publish Participation Strategy and Action Plan Deliver #iwill City of Social Action and review/refresh CYN'S Power of Youth Charter commitments Financial review Like many charities. during 2025 Creative Youth Network had to balance an increasingly challenging fundraising environment alongside continued rise5 in both the costs of operating and levels of need amongstyoung people and in our communities. Having set a challenging "breakeven budget. for 2025, we were pleased to record a modest surplus of £36k for the financial year albeit that a £37.5k increase in restricted funds offset a £1.5k reduction in unrestricted funds. 2025 was the final accounting year during which income was recognised from grants for the Courts capital project. This capital income had a significant impact on the charity's accounts during 2022. 2023 and 2024, 2nd care must be taken in drawing comparisons between financial performance across this timeframe. Funds At 31 December 2025. total funds were £19,401,790 (2024.. £19.365,601), unrestricted funds were £12.115.899 [2024= £6,274,179}. restricted funds were £140,021 [2024.. £5,945,552) and endowment funds were £7,145,870 (2024.. £7,145,870). It is important to note that the vast majority of these funds relate to the value of Creative Youth Network's land and buildings [fixed 25sets), and the word 'fund" 15 used in the accounting sense even though only a small proportion are available as cash or free reserve5 (on which see further below}. Within unrestricted funds is a designated capitsl fund of £11,821,482 (2024= £6,127,922] which represents the Kingswood Estate and Bridewell sites, held in fixed assets. The trustees consider that these assets are being held for the long-term activity of the charity and as such should be held in designated capital funds. The designated fund now also includes loans speciFically tsken out to support rixed asset additiDns. Following the tompletion of the development works at The Ctsurts which were funded from restricted income. the trustees have transferred this asset to the designated fund as they believe the restriction has now been satisfied. Pagt B
Creative Youth Network Trustees, Report Forthe year ended 31 December2025 Reserves policy It is the policy of the charityto maintain unrestricted funds not invested in fixed assets or forming part of designated reserves [the'free' reserves ofthe charity) of 3-6 months, running costs, which for 2025 were approximately£750kto £1.5m (Z024: £660,600 to £1,321,200J. At 3 1 December 2025. 'fvee' reserves were £294.417 (2024= £146.257J which at approximately one month's running costs is below the target range. Free reserve5 were always expected ro fall below target levels as a result of the Courts capital projec¢ and work continues to re-build the charity's free reserves on a planned/steady basis over the coming years. The trustees are actively considering a proposal to Sell a smaller, non-core property [th3t is not Used for the charity's own service delivery) in order to rebalance the charity's Iree reserves position (while maintaining a balanced operational budget priorltising the organisation's charitable service5 and long-terffl strategy). Given strong cashflow, thi5 15 being done in a steady, planned manner and tsking a long-term vlew of the charity's financial position. Early loan repayment During 2024 the charity took out 3 £400,000 loan from CAF Bank, to enable completion ofthe Courts capital projecL The loan is repayable on a capital and interest repaymentbasis over a 25 yearterm with rinal redemption scheduled for the year 2049. In the final quarter of 2025 Creative Youth Network made an optlonal early repayment of £IOO,DOO, in addition to keeping up with all scheduled payments. This was part of a strategy to minimise borrowing costs, reflecting strong cashflow following completion of the Courts capital projecL Investment Power5 Under the Memorandum and Articles of Associat]"on. the charityhas the power to make any investment which the trustee5 see fit. Investment Policy The organisation does not currently have an active investmetkt portfolio. Previously this was due to the econom5c climate and corresponding low level of return on investments, plus the need to keep cash available for the Courts capital project. Going fonvard. the priority in the short term will be to repay the loan as quicklyas possible and to rebuild free reserves to at least the minimum policy level. The trustees will revisit the question of investtnentldeposits at such time as the organisation ha5 additional funds available for this purpose. Page 9
Creative Youth Network Trustees. Report Forthe year ended 31 December2025 Risk Revlew The trustees undertake a quarterly review of the organi5ational risk register, which identifies the major risks to which the charity is exposed and the systems/mitigations in place to manage these. Key risks include: Risk Inadequate funding Control miti ation Investment in fundraising teatn Investment in ALP coordinator Monthly SMT review of fundraising and ongoing bidding Annual budget seth'ng process Quarterly board and trustee reporting and oversight Adjustments to Service delivery and centralloverhead budgets as required Failure to recruit andlor retain adequate staff team Workforce development initiatives (collertively with Bristol Play & Youth Alliance and South Gloucestershire Youth Work partnership) Clear recruitment policies and procedures Clear allocations for StaLg in organisational budget Annual pay review process Mental Health atworkcommitment Disability Confident Employer Staff survey and associated action plan an IT system or security failures, including cyber attack and/or data breach IT security managed by Nebula IT (outsourced support) Cyber insurance policy in place Business continuity poliry in place Structure, governance and management GovernSng document Creative Youth Network is a COTnpany limited by guarantee, which becarne incorporated on l March 1973. It became a registered charity on 16 November 1973.lts charity reStratiOn number is 266318 and the company registration number is 01099684. The charity is governed by the Memorandum and Articles of Association dated l March 1973. A full list of trustees who have been tnembers during the year is provided on page 2. Pa8e 10
Creative Youth Network Trustees. Report For the year ended 31 December 2025 Organlsatlon The organisation is led by a Senior Management Team which in 2025 consisted of.. Post Chief Executive Officer Head of Central Services Head of Creative Head ofEststes Head of Fundraising & Communications Head of Youth Services Post holder Mark Coates Deborah Gee Kate Webb Rebecca Scott Rosie Fenlon Hannah Panes (with maternity cover from Amanda Edwards) FTE Full time Part time Part time Part time Part time Part time The organisation is led by the Chief Executive Officer {CEOJ. reporting to the board of trustees. who are responslble for the governance of the organisation. The Senior Management Tearn support the CEO in the running of the organi5ation. The trustees, CEO and SMT jointly set the strategy and business plan, which is reviewed annually. The board of trustees appoint a Chair and a Treasurer, who have specific responsibilities for governance and the financial performance of the charity. Day to day leadership and operationat management is delegated to the CEO and SMT. Trustee Indurtlon and tralnlng The trustees are recruited in line with the Memorandum and Articles of Association. In summary trustee will express an interest. meet the Chair and CEO, and observe a board meeting, and if the prospective trustee wishes to join, and is deemed suitable by the board. she/he wtll be co-opted. In line with our Youth Participation Strategy all prospective trustees also meet with ouryouth Voice Panel and no appointment 15 tnade unless we are confident that the prospective trustee is aligned with the organisation's mission and value5 and the needs of young people. Prior to appointment prospective trustees must complete mandatory safeguarding training, which forms part ofa comprehensive Induction programme. Key management personnel Key management personnel are considered to be the trustees and Senior Management Team. Salary of all personnel. including that of the SMT, is derived through a scoring and benchmarking poliry based on the tssks and responsibilities in each role. A salary scale is used to ensure fair and equitable remuneration for all staff within CYN. It 15 reviewed when necessary to update for any cost of living inflationary increases and changes within the sector. The objective of the policy is to attract and retain highly qualified and experienced staff team, with stable leadershlp, able to respond to changes in the external environment and to foster a staff culture of involvement and participation within the organisation. Fundralslng CYN did not employ professional fundraisers or commercial participators during this or previous periods. For this reason. CYN is not currently registered with The Fundraising Regulator. The charity did not receive any complaints about its fundraising. Pazell
Creatlve Youth Network Trustees, Report Forthe yearended 31 December 2025 Statement ofTrustees' Re4wnsibllities The trustees {who are also dirertors of the charity for the purposes of cotnpany law) are responsible for preparing the trustees, report and the financial 5tatetnents in accordance with applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland [United Kingdom Generally Accepted Accounting Practice). Company law requires the trustee5 to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the charitsble company and of the income and expenditure of the charitable cotnpany for that period. In preparing those financial statements the trustees are required to= 5elert suitable accounting policies and then apply them consistently- observe the methods and principles in the Charities SORP,. make judgements and accounting estimates that are reasonable and prudent,. state whether applicable UK accounting standards and statements of recommended practice have been followed, subjectto any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the rinancial statements Cotnply with the Companies Act 2006. The trustee5 are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure ofinformation to audltors In so far as the trustees are aware: there is no relevant audit information ofwhich the charitable company'5 auditors are unaware; and the trustees have taken all steps thar they ought to have taken to make themselves aware of any relevantaudit information and to establish that the auditors are aware of that infortnation. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparatic>n and di55emination of financial statements may differ frotn legislation in other jurisdictions. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charlty in the event of winding up. The trustees are members of the charity but thi5 entitles them only to voting rights. The trustees have no beneficial interest in the charity. Page 12
Creative Youth Network Trustee5' Report Forthe yearended 31 December2025 Approved by the trustees of the charity on ..1.11hAugu&t. 2026 and signed on its behalf by.. Noelle Rumball Chair of the Board of Trustees Page 13
Creatlve Youth Network Independent Audito s Report to the Members of Creative Youth Network Oplnjon We have audited the financial statements of Creative Youth Network (the 'charity') for the year ended 31 December 2025, which comprise the statetnent of financial activitie5, balance sheet, statement of cash flows and the related note5 to the financial statements, including a Summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102.. The Financial Reporknng Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitable company's affairs as at 3 1 Decetnber 2025 and of its incoming resources and application of resources. including its income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the requirements ofthe Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing [UK) {ISAs (UK)) and applicable law. Our responsibilities under those standard5 are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable cotnpany in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirernents. We believe that the audit evidence we have obtalned is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant Sections of this reporL Other Information The trustee5 are responsible for the Dther information. The other information comprises the information included in the annual report other than the financial statetnents and our auditor's report rhereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. Pa8e 14
Creatlve Youth Network Independent Audfito s Report to the Members of Creative Youth Network Our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or othenvise appears to be tnaterially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescrlbed by the Companles Art 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the trustees. report (incorporating the directors. report) for the financial year for which the financial statements are prepared is consistent wlth the financial statements; and the trustees, report {incorporating the directors, report) has been prepared in accordance with applitable legal requirements. Matter5 on whlch we are required to report by exception In the light of our knowledge and understsnding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report We have nothing tts report in respect ofthe following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received frorn branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures oltrustees. remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit. Responsibilities of the trustees As explained more fully in the trustees, responsibilities statement set out in the trustees, repor¢ the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the Financial statements. the trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either inlend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page 15
Creative Youth Network Independent Audltoffs Report to the Members of Creatlve Youth Network Our responsibfilltles for the audlt of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements a5 a whole are free frotn rnaterial mi5Statement, whether due tD fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is 2 high level of assurance but is not a guarantee that an audit condurted in accordance with ISAS (tIK) will always detect a material misstatement when it exists. Mi55tstements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. In identifying 2nd a55essing risks of material misstaternent in respect of irregularities, including fraud, the audit engagement team= obtained an understanding of the nature of the industry and sertor, including the legal and regulatory framework that the charitable company operates in and how the charitable colnpany is complying with the legal and regulatory framework,. inquired of management. and those charged with governatL¢e, about their own identification and assessment of the risks or irregularities, including known and actual, suspected or alleged instances of fraud. discu55ed marters about non-compliance with laws and regulations and how fraud might occur including assessment of how and where the financial statements may be susceptible to fraud. However, it is the primary responsibility of management. with the oversight of those charged with governance, to ensure that the enrity'5 operations are conducted In accordance with the provisions of laws and regulations and for the prevention and detection of fraud. A further description of our responsibilities lor the audit of the financial statements 15 located on the Financial Reporting Council's website at.. http://www.frc.org.uk/auditor5responsibilities. This description forms part oFour auditor's reporL Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we tnight state to the charitsble company's members those matters we are required to state to them in an uditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company's mernbers as a body, for our audit work, for this report, or for the opinions we have formed. Guy Amitage.Norton (Senior Statutory Auditor) For and on behalf of: ML Audit LLP. StstutoryAuditor Freshford House Redcliffe Way Bristol BSI 6NL Date.. Page 16
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Creatlve Youth Network Balance Sheet As at 31 December 2025 2025 2024 Note Fixed assets Intangible assets Tangible assets io 19,146,849 19.004,274 19.146,849 19.004.274 Current assets Stocks Debtors Cash at bank and in hand 314 182,250 802,468 985,D32 90 326.614 902.220 1.228,924 li Creditors: Amounts falllng due within one year Net current assets 12 452.029 482,875 533,003 746,049 Creditors: Amounts fallÉng due after more than one year Net assets 13 278,062 C384.722) 19,401,790 19,365,601 Funds of the charlty: Endowment funds 16 7.145,870 7.145,870 Restricted funds 16 140,021 5,945,5S2 Unrestrlrted funds Designated capital fund (value of fixed assets. excluding endowment) General unrestricted fund 16 16 11,821,482 294,417 6,127,922 146.257 Total funds 19.401,790 19,365,601 The financial statements on pages 17 to 41 were approved by the trustees. and authorised for issue on -11.IlJAuGust... 2026 and signed on their behalf by.. Noelle Rumball Chair Company Registration Number.. 01099684 Page IB
Creative Youth Network Statement of Cash Flows Forthe yearended 31 December202S 2025 2024 Note Cash flow5 from operating acdvltles Net income 36,189 715.686 Adjustments to cash flows from non-cash items Depreciation Investment income Interest Payable 31,891 12,565 5,340 21,666 755,257 27,540 95,622 Working capital adjustments (Increase)/decrease in stocks (Increase)/decrease in debtDrs Increasel(decrease) in creditor5 [224) 144.364 30,846 (90) 606.694 496,574 li 12 Net cash flows from operating activities Cash flows from investlng acdvlties Interest receivable and similar income Purchase of tangible fixed assets 208.916 865,287 (2) 174,466 (5,340] 1,228,197 io Net cash flows from investing activtties Cash flows from financlng activities Interest payable and similar charges Increasel(decrease) on borrowings Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at I january Cash and cash equivalents at 31 December (174.468) (1,233,537} (27,540) 106,660 (21,666) 400,000 (99,752) 10.084 902,220 892,136 802.468 902.220 All of the cash tIow5 are derived from continuing operations during the above two periods. At I lanuary Othernon- At 31 December 2025 Casht]ows cash changes 202S Analysis ofnet debt Cash 902,220 [99.752) 106.660 802.468 Loans 493,669 387.009 Total 408.551 6,908 415.459 Page 19
Creative Youth Network Notes to the Financial Statements For the year ended 31 December 2025 Company status The company is a registered charity and a company limited by guarantee without share capital incorporated in England and Wale5. The guarantors are the members of the charity to the extent of £1 each. The addre55 of its registered office is.. 20 Old School House Kingswood Estate Britsnnia Road Kingswood Bristol BS15 BDB Accounting policles Summary of significant accounting policies and key accountlng esttmates The principal accounting policies applied in the preparation of these financial ststetnents are set out below. These policies have been con515teDtly applied to all the years presented, unle55 otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charitie5: Statement of Recomtnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland [FRS102) {effective I january 2019) - (Charities SORP {FRSI 02)), the Financial Reporting Standard applicable in the UK and Republic of Irelalld {FRS102J, the Companies Act 2006 and the Charities Art 2011. Creative Youth Network meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy note. The accounts are presented in sterling which is also the functional currenry of the charity. Going concern The trustees consider that there are no material uncertainties about the charity's ability to Continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Page 20
Creative Youth Network Notes to the Financial Statements For the year ended 31 December 2025 Key sources of estimatlon uncertalnty In the application of the charity's accounting policies. which are described above, the trustees are required to make judgements. estimates and a55umptions 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 if the revision afferts only that period, or in the pertod of the revision and future periods if the revision affects both current and future periods. The following are the critical judgements and estitnates that the trustees have tnade in the process of applying the charity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements. The charity's freehold properties are held at valuation. The valuations are prepared by independent qualified valuers and based either on fair market value or a depreciated replacement cost [DRC} basis as appropriate. The carrying amount of freehold property at the year-end is £18,91S,729 (2024 - £18,741,263). Income and endowments Income is recognised when the char5ty has entitleTnent to the funds, any performance conditions attached to the item of incotne have been met, it is probable that the income will be received, and the amount can be measured reliably. Contract income is recognised as the charity perfoms the services to which the income re13tes. Income from grants, whether'capital, grants or'revenue. grants, 15 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 and is not deferred. Oher trading income is recognised when the relevant event or club takes place. Income from rentsl or room hire is recognised in the period to whith the income relates. Expendlture Resources expended are accounted for on an accruals basis and have been classified under headings that aEgregate all costs related to that activity. Resources expended include attributable VAT which cannot be recovered. Where costs cannot be dirertly attributed, they have been allocated to activities on a basis consistent with the use of the resource, specifically on the basis of the proportion of direct costs per activity. Direct costs, including directly attribut3ble salaries, are allocated on an actual basis to the artivities. Overhead5 and other salaries are allocated between artivities in proportion to income. Page 21
Creative Youth Network Notes to the Flnanclal Statements Forthe year ended 31 December2025 GovernaTrce costs include the costs of governance arrangements which relate to the general running of the charity- These costs are associated with constitutional and ststutDry requirements and include costs associated with the strategic Jnanagernent of the charity's activities. Taxatlon The Charity is exempt from taxation in respect of income or capitsl gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Art 2010 or Section 256 olthe Taxation of Chargeable Gains Act 1992, to the extent that such incotne or gains are applied exclusively to charitable purposes. Intangible assets Intangible fixed assets are included in the balance Sheet at historical c05t. The cost of intangible fixed assets includes any incidental expenses of acquisition. Amortlsation Amortisation is provided on intangible fixed assets so as to write off the cos( less any estimated residual value. over their expected useful economic life as follows, Amortisation commences from the date at which the intsngible asset is in use. Asset class Amortisation method and rate Softwa 2596 straight line Tangible fixed assets Tangible fixed assets, other than freehold propertie5, are included in the balance sheet at historical cost, The cost of tangible fixed assets includes any incidental expenses of acquisition. Freehold property is carried atvaluation. All properties are revalued on a periodic basis. with sufficient regularity to ensure that the carrying atnount does not differ materially from the fair value of each propery at the financial year end. The cost of work carried out on the modernisation and improvements between valuations is capitalised. Freehold properties are reviewed every year for impairment. Depreciation Depreciation is provided on tangible fixed assets so as to write off the cosL less estimated residual value, on a str3ight-line basis over their expected useful lives. rhe applicable depreciation rates are a5 follows.. Asset class Fixtures, fittings and equipment Leasehold improvements Freehold property Depreciation method and rate 12.5 - 25¥0 Straighi line 4% straight line nil Nil depreciation is charged on freehold properties due to their high residual values. Page 22
Creatlve Youth Network Notes to the Flnancial Statements Forthe year ended 31 December 2025 Stock Stock is valued at the lower ofcost and estimated selling price less cost5 to complete and sell, after due regard for obsolete and slow-moving stocks. Cost is determined using the first-in, first-out method [FIFO). Fund Structure The general unrestricted fund of £294,417 represents unrestricted funds which are available for use at the discretiDn of the trustees in furtherdnce of the objectives of the charity and which have not been designated for other purposes. These funds are held in cash. The designated capital fund of £11,821,482 represents the value of fixed assets. Although unrestricted, the trustees have designated them for particular purposes. These funds are fixed assets, not cash. The restricted funds Df £140,021 are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. These funds are held in cash. The expendable endowment funds of£7,145,870 representtangible fixed assets for the charity'5 own continuing use, that were funded byway ofendowment through grants and donations. The depreciation on the related asset Is charged against the fund as it is recognised as expenditure in the statement of financial activities. These funds are fixed assets, not cash. Operating leases Rentals applicable to operating lease agreements where substantially all of the benefits and risks of ownership remain wkth the lessor are charged to the Statement of Financial Artivitie5 on a straight- line basis over the period of the lease. Pensions The charity operates a defined contribution scheme as well as a defined benefit scheme For employees. The assets OF the schemes are held separately from those of the charity. The defined benefit pension scheme is a multi-employer scheme. The charity only has one employee included in the scheme. As the charity is unable to identify its share of the assets 2nd liabilities of the scheme on a consistent and reliable basis, the scheme is treated by the charity as if It were a defined benefit contribution scheme, in accordance with FRS 102. The latest actuarial valuation was conducted as at March 2025,. the next valuation date is March 2028. The charity also offers a defined contribution contractual workplace pension scheme through a multi- employer trust, The People's Pension TrusL Payments are ch3rged to the statement of financial activities in the accounting period in which they are paid. Page 23
Creatlve Youth Network Notes to the Financial Statements For the year ended 31 December 202 5 Financial instruments Clossificatiun The charity holds the following financial instruments.. Short term trade and other debtors and creditors,- and Cash and bank balances. All financial instruments are cla55ified as basit. Recognition and measurement Financial instruments are reco8nised when the charity becomes party to the contractual provis5ons of the instrument and derecognised when in the case of assets, the contrartual rights to cash flows from the assets expire or substsntially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities. when the charitys obligations are discharged, expire or are cancelled. Such instrumen15' are initially measured at transaction price, including transaction costs. and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjusttnents. Page 24
Creative Youth Network Notes to the Financlal Statements Forthe year ended 31 December2025 Income from charltable artlvltles Unrestricted funds Restricted funds Totrdl 2025 Courts Development Project Estates Creative Department Youth Services 20,524 1,393,730 106,541 919,569 2,440,364 113,506 96.531 102,864 329,552 642,453 134.030 1,490,261 209.405 1.249,121 3.082,817 Unrestrirted funds Restrlcted funds Total 2024 Courts DevelopTnent Project Estates Creative Department Youth Services 72,432 1,286.216 210,791 474.625 2,044,064 695,322 316,404 14.285 272,148 1.298,159 767.754 1,602.620 225,076 746.773 3.342,223 The charitable company receives government grants, defined as funding from Bristol City Council, South Gloucestershire Council, Arts Council England, Hanham Parish Council, Emerson's Green Town Council, Oldland Parish Ctsuncil, Kingswood Town Council, Bitton Parish Council and Siston Parish Council to fund charitable artivities. The total value of such grants in the period ended 31 December 2025 was £772,966 (2024.- £542k). There are no unfulfilled condition5 or contingencies attaching to these grants. Unrestricted funds relate to income generdted through charitable trading activity. including rental and hire income. contracts and fees. Restricted income relates to grants and income from charitsble trusts. Income as reported above relates to the following: Courts Development Project Capital income relating to the project to refurbish Bristol's old magistrates tourt Estates ncome from the charity's land and buildings, primarily renL licence fees, hire fees and associated charges Creative Department Contract income and grants for the work of our Creative department Youth Services Contract intome and grants for the work of our Youth Services department Page 25
Creative Youth Network Notes to the Financlal Statements Forthe year ended 31 December2025 Expenditure on charltable activitles Activlty undertaken dlrectly Artlvlty Support costs Total 2025 Estates Creative Department Youth Services 1,522,137 181.971 833.971 2,538,079 168,413 75.990 291,933 536,336 1.690,550 257,961 1,125,904 3.074,415 ArtAvity undertaken dlrectIy Activity support costs Total 2024 Estates Creative Department Youth Services 1.329,335 202,318 626,391 2,158,044 267,456 52,953 163,947 484,356 1,596.791 255.271 790,338 2,642,400 Expenditure as reported above relates to the following: Estates Expenditure on the charity's land and buildings. primarily maintenance. running costs, and staffing to deliver services for tenant5 2nd hirers Creative Department Expenditure delivering our Creative programme for young people Youth Services Expenditure delivering our Youth Services including open access youth clubs and targeted 5UPPOrt programmes Page 26
Creatlve Youth Network Notes to the Financlal Statements For the yearended 31 December2Q25 Analysis of support costs Support costs allocated to charitable actlvltles Premises costs Human including otrice/rr Resources depreciation Governance costs Total 2025 Estates Creatfve Department Youth Services 9,102 1.639 6,959 17,700 216.374 38,967 165,440 420.781 50.3 19 9,062 38,474 97,855 [107,381) 168,414 26,322 75.990 81,059 291,932 536,336 Premises costs includlng depreciation Governance costs Human Office/lT Resources Total 2024 Eststes Creative Department Youth Servlces 11,644 2,680 8,296 22,620 230,393 53.019 164,151 447,563 7,296 1.679 5,198 14,173 (92,151) 157.182 31,996 89,374 60,155 237.800 484.356 Net incomlng/outgolng resources Net outgoing resource5 for the year Indude: 2025 2024 Oper3ting lease expense Auditors, remuneration . audit Auditors, remuneration - other Depreckation of tangible fixed assets 40.408 14,700 3.000 31,891 24,739 17,700 4.920 12,565 Trnstees, remuneration and expenses Dvring the year the charity made the following transactions w5th trustees.. Expenses re-imbursed to Trustees totalled £nil [2024.. £nil). No remuneration was paid to trustee5 in the current or prior year. Page 27
Creative Youth Network Notes to the Flnancial Statements Forthe yearended 31 December2025 Staff costs The aggregate payroll costs were as follows= 2025 2024 Wages and Salaries Social security costs Pension costs Termination payments 1,535.697 150,947 49.749 1,386,135 115,779 43.577 1,736,393 1,545,491 The monthly average number of person5 {including senior managernent team) employed by the charity during the year was as follows.. Z025 2024 Average number ofemployees 83 76 The monthly average number ofpersons (including senior rnanagement team) employed by the charity during the year expressed as fijll-time equivalents was as follows: 2025 No 2024 No Fundraising Estates Creative Finance, HR, IT and Marketing Youth Service5 16 16 22 49 18 46 The number ofemployees whose emoluments fell within the following bands was.. 2025 2024 No £60,001- £70,000 The total employee benefits of the key rnanagement personnel of the charity were £309,557 (2024- £303.768). Key management personnel are considered tD be the six members of the Senior Management Team as listed on page 10 [2024.. six members of staff were considered key management personnel). Pa8& 28
Creatlve Youth Network Notes to the Financlal Statements For the year ended 31 December 2025 Intangfible fjxed assets Software assets Total Cost At I january 2025 43.B22 43.822 At 31 December 2025 43,822 43.822 Amortisation At I lanuary 2025 Charge for the year 43,822 43,822 At 31 December 2025 43,822 At 31 December2025 At 31 December 2024 Page 29
Creative Youth Network Notes to the Flnancial Statements For the year ended 31 December 2025 io. Tanglble fixed assets Leasehold Flxtures. Freehold property fittings and property Improvements equipment Total Cost orvaluation At I january 2025 Additions Dispos31s Revaluatlon 18,741,263 174,466 190,993 837.258 19,769,514 174,466 At 31 December 2025 18,915.729 190,993 837.258 19,943,980 Depreciation At I january 2025 Charge for the year Eliminated on disposals At 31 December2025 117.694 7,640 647,546 24,251 765,240 31.891 125,334 671.797 797.131 Net bookvalue At 31 December 2025 18,915.729 65,659 165.461 19 146,849 At 31 December 2024 18.741,263 73.299 189,712 19,004,274 Freehold property additions in the year relate to the Court5 development project. Kingswood Estate, The Station and Bridewell were revalued as at 31 December 2019, by means of an external formal independent professional valuatlon by Alder King, Chartered Surveyors. Kingswood Estate Is valued on an open market basi5, on the basis of Sts existing use and subject to the tenancie5 and licences currently in place. The historic cost of the KingswDod 5lte is £2.331.857. The revalued cost of the Kingswood slte is £2,300,000. During 2023, 3 valuation of Kingswood Estate was carried out for lending purposes only. The valuation by Pinders on behalf of CAF Bank valued the property at market value ofbetween £2.200,000 and £2.600.000. The Station and Bridewell (including the Courts} are considered to be properties of a specialist nature and have been valued using the Depreciated Replacement Cost method of valuation. The Station was acquired and subsequently refurbished utilising a Lottery GranL A5 such, there is currently a charge over the property, preventing a sale within a period of twenty years from the commencement of funding. The historic cost of the Station is £4.954,482 and Bridewell is £906,326. The revalued cost of the Station is £6,140.000 and chat of Bridewell is £3.365,000. There have been totsl capitalised additions to Bridewell since 2021 totalling £6,845.226, being redevelopment costs. The trustees are satisfied that the valuations remain appropriate in light of current market conditions. Included in the above freehold properties are properties with a fair value of E2,300,000 over which CAF Bank holds a legal charge. Page 30
Creatlve Youth Network Notes to the Financial Ststements For the yearended 31 December20Z5 ii. Debtors 20Z5 2024 Trade debtors Other debtors Prepayments Accrued income 98,660 26,458 57,132 83.737 116,974 58,S91 67.3 12 326,614 182,250 12. Credltors: amounts falling due within one year 2025 2024 Trade creditors Other taxation and social security Other creditors Accruals Deferred income Bank loans 158,196 89,372 117,376 18.353 53,454 15.278 452,029 49,253 48,181 114,630 40,710 214.823 15.278 482,875 Deferred income at year end includes receipts of £53,454 (2024- £214,823) which will be recognised in future periods. Of this balance £53.454 [2024.. £214,823) was deferred in the currentyear and £214,823 [2U24.. E53,058J was released from prior years. Included within other creditors is £93,669 (2024= £93,669) in respect of loan finance received by the charity. The loan i5 denominated in sterlin& with a nominal interest rate of 1.95% and is repayable on demand. 13. Credltors: amounts falling due after more than one year 2025 2024 Bank loans 278,062 278.062 384,722 384,722 In 2024. the charity received a bank loan of £400,000 from CAF Bank The loan is secured by a charge on the Kingswood Estate. The loan is denominated in sterling, with a nominal interest rate of 2.5% above the Bank of England base rate and is repayable over 25 years. A partial early repayment of £IQO,000 was made during the year. Page31
Creative Youth Network Notes to the Flnancial Statements Forthe year ended 31 December2025 14. Obllgatfions under leases and hire purchase contracts Operattnglease commitments Total future tninimum lease payments under non-cancellable operating leases are as follows.. 20Z5 2024 Within one year Between one and five years 57,568 66,427 123,995 13.291 12,272 25,563 15. Amounts receivable under operating leases At the year end. the future minimum lease payments under non-cancellable operating leases on land and buildings due to the charity were.. 2025 2024 Due within one year Due between one and five years Due after five years 489,749 786.909 768.471 95,604 754,177 27.000 1,270,926 1,650,984 Pdge 32
Creative Youth Network Notes to the Financlal Statements For the year ended 31 December 2025 16. Funds Balance at Balance at 31 December 2025 Incoming Resources l January resources expended 2025 Transfers Endowment funds Expendable endowment (value of fixed assets} Revaluation reserve (value of fixed assets) 5,974,648 5,974,64B the Station 1,171,222 1,171,222 Total endowment funds 7.145.870 7,145,870 Unrestricted funds Designated capital fund (value of 6,127,922 fixed assets) General unrestricted fund {3 1,891) 5.725.451 11,821.482 146,257 2,468,151 {2,437,763) 117,772 294,417 Total unrestrlrted funds 6,274.179 2,468,151 {2,469,654) 5,843,223 12.115,899 Page 33
Creadve Youth Network Notes to the Financial Statements For the year ended 31 Deiember 2025 Balance at l January 2025 Balance at Transfers 31 December 2025 Incoming Resources resources expended Restricted funds Restricted income funds Estates West of England Green Grant Bristol City Leap Fidelity Foundation Foyle Foundation YIF 14,759 (14,759) (1.600} (68,104) (19.217) {58,344) 1,600 48.158 19.217 65,462 45,516 42,034 16,310 Youth servlce5 Bloomberg Philanthropies Bristol Airport Bristol Bid 3,500 1,000 [3.500] [1.000) 5,000 5,000 Ernest Cook 500 (500) {4.000) {2,917) (5,402) John Lewis Quartet Quartet- Commissioner5 Crime Prevention 4.000 2,917 5.893 491 Prudence Trust 144,399 [130.926} (2,348) 13,473 Wesport Creative Department The Finzi Trust The National Foundation for Youth Music 2,348 1,500 14,996 1.500 26,783 [41,779) Joyce Fletcher Charitable Trust The Spieltnan Charitable Trust National Lottery Community Fund 1,000 (1,000) (10.000] (46,116) 7,500 11,466 10.000 7,500 11,718 46,368 The Nisbet Trust 12,500 30.000 [30,000) (5) 12,500 Schrodercharity Trust Page 34
Creatlve Youth Network Notes to the Flnancial Statements For the yearended 31 December2025 Core The National Lottery Community Fund- RC South West Region 40,307 165,260 [163,244) 42.323 Restrlcted income fvnds totsl (cash funds] Restrirted capltal funds (value offixed assets) Courts development projert Total restricted funds 215,835 528,947 [604,761) 14Q,021 5,729.717 5,94S,SS2 113,506 {5,843,223) 642.453 [604.761] (5,843,223) 140,021 Total funds 19,365.601 3,110.604 (3,074,415] 19,401,790 Endowment funds Historic grant funding and donations (now spent] for tangible fixed assets for the charity's own continuing use are accounted for as expendable endowment, with the depreciation on the related asset charged against the fund as it is recognised as expenditure in the statement of financial activities. None of these funds remain as cash - the fund balance reflects the value of the fixed assets on which they were spenL The revaluation reserve relate% to the revaluation of The Station. This is not cash but reflects the changing value of the fixed assets. Designated capltal fund The Designated capital fund represents the red assets of the charity which have not been funded through endowment funding, together with related loans used to fund the acquisition of some of those assets. The trustees consider that these assets and related liabKlitie5 are being held for the long-tertn activity of the charity and as such should be held in a designated fund. Included within this fvnd is an unrealised revaluation reserve of £2.458,674. In the prior year this fund was apportioned across various properties used by the charity, but the trustees have now chosen to amalEamate the values into one fund Page35
Creative Youth Network Notes to the Financial Statements Forthe yearended 31 December 2025 Restricted tunds A net amount of £5.843,223 was released from restricted revenue funds when these were spent upon capitsl projects and transferred to corresponding designated capital funds. The purposes OF the restricted funds are as follows.. Estates Estates funding is used to maintsin and improve the charity's land and property, to provide quality space to tenants and users and to support environmentsl objectives including decarbonisation. Creative Department Creative funding is Used to fund our progrdmme of creative activities for young people. including creative courses (each focusing on a chosen artforrn) and creative futures (supporting young people into employment or self-etnployment in the creative sector). Also within the Creative Department are the chariW5 Alternative Learning Programme {ALP- working with schools to support pupils at risk of suspension or exclusion} and our Not in Education Employment or Training services [NEET- supporting young people who either have or are at risk of leaving school without a suitable education, training or employment pathway). Youth Services Youth Services funding supports our universal yDLlth offer including 9 youth clubs across Bristol and South Gloucestershire plus'detached, youth work engaging young people out in the community. It also funds a range of tseted programmes for young people who face particular issues or needs including young carers, LGBT+, young refugees and asylum seekers, wellbeing and emotional suppor¢ and community safety includlng with the Violence Reduction Partnership. Courts Development capltal fund This restricted fund relates to the restrirted element of capital expenditure on the Courts development. This has been transferred to unrestricted designated funds following completion of the project. Page 36
Creatlve Youth Network Notes to the Financial Statements For the year ended 31 December 2025 The fund analysis for the prior year is as follows: Balance at I January 2024 Balance at 31 December 20Z4 Incoming Resources resources expended Transfers Endowment funds Expendable endowment Revaluation reserve - the Station 5,974,648 1,171,222 5,974,648 1,171,222 Total endowment funds 7.145,870 7,145,870 Unrestrlrted funds Designated capital fund- Kingswood Design3ted capital fund- Bridewell Revaluation reserve- Bridewell Fixed asset designated fund 2,380.941 [7,638) 68,737 2,442,040 824,274 381,025 1.205,299 2,458,674 2,458,674 21,909 21,909 5.685,798 (7,638] 449,762 6,127.922 671,729 2,059.927 (2,239.551] (345,848) 146,257 General unrestrtrted fund Total unrestrirted funds 6,357,527 2,059,927 (2.247,189] 103,914 6,274,179 Page 37
Creative Youth Network Notes to the Financlal Statements For the year ended31 December2025 Balance at I lanuary Z024 Incoming Resources resources expended Balance at Transfers 31 December 2024 Restrirted funds Restricted income funds Estates St james Place Charitable Foundation- Station Duty and Crisis Fund 8,300 (8.300) Bristol City Leap Fidelity Foundation Foyle Foundation Groundwork5 1.600 71,128 74,900 69.461 1,600 4B.158 19,217 (22.970) (1.070) [54,613) [724} [68.737) {22,104) (35,177) YIF 99.315 42,034 Youth senrfces The National Lotterycammunity Fund- Partnerships South West Region Quartet Wesport Crime Prevention Through Sport Fund Wesport Wesport Children & Young People Positive Activities Grant Creotive Department Arts Council England The National Foundation for Youth Music 51,049 (51.049) 9.588 (6,671) (2,130) 2,917 2,130 4,697 (2.349) (3,696) 2.348 3.696 (2,839} 34,456 2,839 44,987 (52,660) 26,783 John Thaw joy Fletcher Charitable Trust The Spielman Charitable Trust The singer Foundation National Lottery Community Fund 1.000 3.000 10,000 [I,000} (2,000) [10,000) [4,997) (11,466) 1,000 7,500 7,500 4,997 22.932 11.466 The Marchus Trust The Nisbet Trust 2,809 12.500 (2,809) (30,000) (3,745) 30,000 12,500 Schroder Charity Trust 3,750 Page 38
Creatlve Youth Network Notes to the Flnancial Statements Forthe year ended 31 December20Z5 Core The National Lottery Community Fund- RC South West Region 38,388 157,390 (155,471) 40.307 Restrirted Income funds total {cash funds) Restrirted capltal funds (non- cash funds) Courts developmentproject Totsl restricted funds 166,736 602,837 (395,211J (158,527) 215,835 4.979,782 695,322 54,613 5,146,518 1.298,159 {395,211J {103.914) 5.729,717 5.945,552 Total funds 18.649,915 3.358,086 [2.642,400] 19,365,601 Page 39
Creative Youth Network Notes to the Flnancial Statements Forthe year ended 31 December 2025 17. Analysls of net assets between funds Endowment Unrestrfrted funds- Expendable Unrestricted designated Restrirted revaluation endowment general funds funds funds reserve funds Total funds 2025 Intangible fixed assets Fixed assets Current assets Current liabilitie5 Non-current liabilities 12,114,822 140,021 1,171,222 5.860,805 19,146,849 113.843 985.032 (452,029) 731,168 [436.751) [15,278] 278,Q62 278,062 Total net assets 294,417 11,821.482 140.021 1,171,222 5,974.648 19,401.790 Unrestrlcted Unrestrlcted Restricted Endowment Expendable general funds designated funds funds funds_ endowment Total funds revaluatlon funds reserve 2024 Intanb]e fixed assets Fixed assets 96,267 917.587 (482,875) 6.127,922 5,748.058 1,171.222 197,494 5,860,805 19.004,274 113,843 1,228,924 [482,875) Current a55ets Current liabilities Non-current 384,722 384,722 6,127,922 5,945,552 1,171,222 5,974,648 19,365.601 Total net assets 146,257 18. Related party transactions During the year the charity Tnade the following related party transactions.. Key management personnel Expenses paid to key management personnel totalled £312 (2024= £260). The remuneration of key management personnel is disclosed in Note 8. At the balance sheet date, the amount due to key management personnel was £nil [2024- £nil). Pagc 40
Creatlve Youth Network Notes to the Financial Statements Forthe year ended 31 December2025 Other related party transactlons A total of £250 was paid to CVS South Gloucestershire for services provided at arm's length in the year {2024.. £780). ENil was owed by the charity as at the year end. CVS is connected by nature of Deborah Gee acting as a Trustee for CVS as a represerLtative of Creative Youth Network. 19. Financlal instruments Categorisation of financial instruments 2025 2024 Financial assets that are debt instruments measured at amortised cost Financial liabilities measured at amortised cost 927,586 587,265 1,170,243 604,593 Financial assets measured at amortised cost comprise cash and cash equivalents, trade debtors, accrued income and other debtors. Financial liabilities measured at amortised cost comprise trade creditors, accruals, grants payable, other creditors and bank loans. Papè 41