CHAPEL ST CREATIVE

Registered charity 1199383 · accounts filings on the Charity Commission register

A community building to provide a safe space for providers to deliver deliver community and group activities to local people of all ages and abilities.

Causes: Recreation · website · Get email alerts

Latest income

£43k

Latest spending

£37k

Registered

2022

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a net income of £624.06 and held unrestricted reserves of £2,843.70, which is below the stated policy target of £5,000–£7,000. The trustees attribute this shortfall to exceptional maintenance spending in the first full year of operation and expect reserves to improve in the following year.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Hire income (55% of income)

“Hire charges for studio space at Centenary Hall Current year £23,499”

Per its FY2025 accounts as filed with the Charity Commission.

Reserves position: below the charity's own stated reserves policy (held: £3k; policy: three months of unrestricted expenditure or between £5000 - £7000)

“Using ‘net current assets’ as the measure for reserves, the charity has not met its reserve target of between £5000 - £7000 in its first full year of operation.”

Per its FY2025 accounts as filed with the Charity Commission.

Related-party transaction: Penzance Council appointed trustees due to funding 25% of freehold purchase cost

“Penzance Council has a right to appoint 25% of the CIO’s trustees as result of grant funding 25% of the cost of buying the freehold of Centenary Hall.” — page 10

Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

National Lottery — “Chapel St Creative awarded £19,495 from the National Lottery” (source page)
Community Ownership Fund — “Thanks to the Community Ownership Fund received earlier in the year (£177,000)” (source page)

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £300k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

Robert Lovechair
Benjamin Richardson
Celeste Osborne
Councillor Bonnie Jackson
Councillor Peter Lapin
RACHEL WILLIAMS
Rebecca Gowers
Thalia Marrington

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cornwall

Income and spending

Financial year end	Income	Spending
30/06/2025	£43k	£37k
30/06/2024	£293k	£381k
30/06/2023	£74k	£6k

Common questions

Is CHAPEL ST CREATIVE financially healthy?

Per its FY2025 accounts: The accounts state that the charity generated a net income of £624.06 and held unrestricted reserves of £2,843.70, which is below the stated policy target of £5,000–£7,000. The trustees attribute this shortfall to exceptional maintenance spending in the first full year of operation and expect reserves to improve in the following year. Its FY2025 accounts were independently examined.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

Funder	Date	Amount	Purpose
UK government	01/04/2023	£8k	Community Ownership Fund
UK government	01/04/2023	£169k	Community Ownership Fund