CREATIVE KERNOW LIMITED
Latest income
£2.4m
Latest spending
£2.4m
Registered
1986
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the group made a deficit of £80,853 in the year ended 31 March 2024, primarily due to the conclusion of ESIF funding for the Cultivator Programme. Per the trustees' report, unrestricted reserves stood at £1,129,873, which the trustees consider adequate to cover expected working capital movements and unexpected costs, allowing the charity to continue as a going concern.
What the accounts disclose
Reserves policy: three months of unrestricted expenditure (held: £1.1m)
“The charity’s policy on the level of reserves is that they should provide at least three months’ operating costs for Creative Kernow’s core team” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Rent payable to Krowji Limited for the use of property during the year, total amount paid during the year of £16,957 (2023: £18,357).
“Rent payable to Krowji Limited for the use of property during the year, total amount paid during the year of £16,957 (2023: £18,357). Hire of meeting rooms payable to Krowji for the use of rooms on an ad hoc basis during the year, total amount paid during the year of £293 (2023: £7,221). Supply of labour and materials from Krowji for remedial repair works carried out during the year, total amount paid during the year of £Nil (2023: £1,872). Rent receivable from Krowji Limited for the lease of property, total amount received during the year of £100 (2023: £100). Management charges of £5,000 (2023: £nil) were charged by the charity to Krowji for back office services provided during the year. Creative Kernow Limited has provided a loan to Krowjl Limited. Interest is charged on the loan, total interest receivable during the year of £28,964 (2023: £18,397). The loan amount outstanding from Krowji Limited at the balance sheet date is included in the intercompany balances within creditors due under one year.” — page 47
“Cornwall Arts Marketing Limited provided advertising services throughout the year. Total amount paid during the year of £6,971 (2023: £2,099). Management charges of £4,500 (2023: £nil) were charged by the charity to Cornwall Arts Marketing Limited for back office services provided during the year. At the balance sheet date the amount due from Cornwall Arts Marketing Limited was £6,708 (2023: £13,982).” — page 48
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Cornwall Arts Marketing Limited provided advertising services throughout the year. Total amount paid during the year of £6,971 (2023: £2,099). Management charges of £4,500 (2023: £nil) were charged by the charity to Cornwall Arts Marketing Limited for back office services provided during the year.
“Rent payable to Krowji Limited for the use of property during the year, total amount paid during the year of £16,957 (2023: £18,357). Hire of meeting rooms payable to Krowji for the use of rooms on an ad hoc basis during the year, total amount paid during the year of £293 (2023: £7,221). Supply of labour and materials from Krowji for remedial repair works carried out during the year, total amount paid during the year of £Nil (2023: £1,872). Rent receivable from Krowji Limited for the lease of property, total amount received during the year of £100 (2023: £100). Management charges of £5,000 (2023: £nil) were charged by the charity to Krowji for back office services provided during the year. Creative Kernow Limited has provided a loan to Krowjl Limited. Interest is charged on the loan, total interest receivable during the year of £28,964 (2023: £18,397). The loan amount outstanding from Krowji Limited at the balance sheet date is included in the intercompany balances within creditors due under one year.” — page 47
“Cornwall Arts Marketing Limited provided advertising services throughout the year. Total amount paid during the year of £6,971 (2023: £2,099). Management charges of £4,500 (2023: £nil) were charged by the charity to Cornwall Arts Marketing Limited for back office services provided during the year. At the balance sheet date the amount due from Cornwall Arts Marketing Limited was £6,708 (2023: £13,982).” — page 48
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity provided Screen Cornwall Limited with the provision of services throughout the year totalling £7,000 (2023: £5,100). Management charges of £6,000 (2023: £nil) were charged by the charity to Screen Cornwall Limited for back office services provided during the year.
“Rent payable to Krowji Limited for the use of property during the year, total amount paid during the year of £16,957 (2023: £18,357). Hire of meeting rooms payable to Krowji for the use of rooms on an ad hoc basis during the year, total amount paid during the year of £293 (2023: £7,221). Supply of labour and materials from Krowji for remedial repair works carried out during the year, total amount paid during the year of £Nil (2023: £1,872). Rent receivable from Krowji Limited for the lease of property, total amount received during the year of £100 (2023: £100). Management charges of £5,000 (2023: £nil) were charged by the charity to Krowji for back office services provided during the year. Creative Kernow Limited has provided a loan to Krowjl Limited. Interest is charged on the loan, total interest receivable during the year of £28,964 (2023: £18,397). The loan amount outstanding from Krowji Limited at the balance sheet date is included in the intercompany balances within creditors due under one year.” — page 47
“Cornwall Arts Marketing Limited provided advertising services throughout the year. Total amount paid during the year of £6,971 (2023: £2,099). Management charges of £4,500 (2023: £nil) were charged by the charity to Cornwall Arts Marketing Limited for back office services provided during the year. At the balance sheet date the amount due from Cornwall Arts Marketing Limited was £6,708 (2023: £13,982).” — page 48
Per its FY2024 accounts as filed with the Charity Commission.
Corporate structure
- Registered company of the charity Companies House 01727731
Structured financials (annual return, FY ending 31/03/2025)
Total income
£2.4m
Total spending
£2.4m
Reserves (reported)
£275k
Employees
29
Trustees
- Paul Kevin Brookeschair
- Ajay Chhabra
- Amanda Berry
- Claudia Avila De Oldroyd
- Hannah Marie Irwin-Bowler
- James Alexander Michael Ernest Sculthorp-Wright
- Jonathan Bray
- Paul Lionel Springer
- Sam Jones
- Sovay Alice Berriman
- Tamara Lesley Bedford
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.4m | £2.4m |
| 31/03/2024 | £3.1m | £3.2m |
| 31/03/2023 | £3.7m | £3.1m |
| 31/03/2022 | £3.2m | £3.0m |
| 31/03/2021 | £2.5m | £2.3m |
Common questions
Is CREATIVE KERNOW LIMITED financially healthy?
The accounts state that the group made a deficit of £80,853 in the year ended 31 March 2024, primarily due to the conclusion of ESIF funding for the Cultivator Programme. Per the trustees' report, unrestricted reserves stood at £1,129,873, which the trustees consider adequate to cover expected working capital movements and unexpected costs, allowing the charity to continue as a going concern. Its FY2024 accounts were audited by RRL LLP.
Who funds CREATIVE KERNOW LIMITED?
Funders whose own accounts filings name CREATIVE KERNOW LIMITED as a grant recipient include THE SCOPS ARTS TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE SCOPS ARTS TRUST | FY2023 | £4k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 08/08/2018 | £9k | "From War to Peace: Young Cornish students research a Cornish Tommy's return" |
| The National Lottery Heritage Fund | 01/06/2002 | £11k | "THE ORDINALIA PROJECT ('THE RESURRECTION')" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| RIDGESAVE LIMITED | 1 | £461k |
| SEDEL - COLLINGS FOUNDATION | 1 | £450k |
| THE FOYLE FOUNDATION | 1 | £200k |
| THE CLARE MILNE TRUST | 1 | £195k |
| CORNWALL COMMUNITY FOUNDATION | 1 | £109k |
| The Caledonia Investments Charitable Foundation | 1 | £85k |
| THE DUKE OF CORNWALL'S CHARITABLE FOUNDATION | 1 | £80k |
| THE ROGER DE HAAN CHARITABLE TRUST | 1 | £70k |