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 re￿stratiOn 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 ove￿aW 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.
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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. ph￿c￿l, 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.
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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
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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.
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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 Sta￿L￿g 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 re￿StratiOn 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.
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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

uvj

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 r￿ed 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 ts￿eted 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
Intan￿b]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