Leeds Civic Trust Annual Review 2024 fj)
Sponsorship & Support 2024
The Trust gratefully acknowledges the support its work has received from our corporate membership as follows:
Gold Corporate Members
www.ceg.co.uk
www.landsec.com
www.cjctstudios.com
www.marshallsmill.co.uk
www.evanspropertygroup.com
www.rba-online.co.uk
www.rushbond.co.uk
www.hammerson.com
James Hambro & Partners Kinrise
Corporate Members of Leeds Civic Trust
Knight Frank LLP Leeds Beckett University Leeds BID
Acanthus WSM Architects Adair Paxton LLP Addleshaw Goddard LLP Andrews Gwynne LLP Arup
Leeds Commercial
Leeds Conservatoire
Leeds Library Leeds Rugby Ltd Manning Stainton MEPC Ltd
Benjn R. Vickers & Sons Ltd Bracken Limited
Brewster Bye Architects Corstorphine + Wright Ltd Connect Yorkshire Cunniff Design Ltd
Mood Developments Mott MacDonald Ltd
Opera North Pullans Potter Space Royal Armouries RSM Seven Architecture Ltd Sound Leisure Ltd Sous Le Nez Ltd
Dacres Commercial DLA Architecture Ltd DLG Architects Dobson
Fore Consulting Limited Fox, Lloyd Jones Gordons LLP Hallam Land Management Ltd
Front cover Dancers celebrate the unveiling of the Trust’s 200th blue plaque for Nadine Senior at the Northern School of Contemporary Dance
www.tcs-plc.com
www.wiltondevelopments.co.uk
Squire Patton Boggs (UK) LLP Sterling Capitol plc Studio Tom Dick & Harry STUDIOURBAN Sunny Bank Mills The Harris Partnership Ltd The Parklane Group Tetra Tech Group Ltd University of Leeds Walton & Co Wates Construction Ltd West & North Yorkshire Chamber Westward Care Limited Whitelocks Womble Bond Dickinson LLP Wrigleys Solicitors LLP Yorkshire Design Group
Chair’s Introduction
This year has been great for the Trust’s blue plaque scheme, with a record number of plaque Ti La unveilings. I was particularly :a proud to unveil a plaque for The Duchess, the wonderful music venue that nurtured some of the biggest bands of the last € 30 years.
Alongside our events, we continue to focus on key city issues including proposals for mass transit, the changing face of our city centre and how we create places that put people first.
None of these achievements would have been possible without the dedication of our members, supporters, partners, and staff. You are the backbone of the Trust and your contributions ensure we remain a vital force in shaping the city’s future.
Another memorable moment was witnessing the unveiling of the stunning Ribbons sculpture, a project we were proud to support financially, showcasing the power of art to enrich our public spaces.
February 2025 will mark the completion of my first year as Leeds Civic Trust’s youngest ever Chair. Having been involved as a volunteer for over 15 years, I have really enjoyed spending the last 12 months working closely with the staff and trustees, reviewing our long term vision and developing our 5 year strategy.
2025 marks our 60th anniversary, a milestone we are incredibly excited to celebrate with all of you. Together, we have the opportunity to make this landmark year our most impactful yet, building on the foundation of six decades of commitment to Leeds!
Our walking tours and Heritage Open Days had one of their busiest years to date, proving once again how much our community values connect with the city’s rich history and architecture. The completion of our restoration project of the Bear Pit in Headingley is a testament to our commitment to preserving Leeds’ unique heritage.
Working full time as a chartered building surveyor at Potter Space enables me to bring experience as both a corporate member and a volunteer, giving me a wide understanding of the Trust and enabling me to focus my commitment to strengthening and diversifying the membership and securing our future.
Jenna Strover
Chair
Office Team
To promote and organise participation and cooperation with stakeholders and partners, including other civic organisations, locally regionally and nationally to further these objects
The objects of the Trust are:
Martin Hamilton (Director) Umi Mistry Anna Shindler Jodie Stott Amy Sutcliffe
To stimulate public interest in and care for the beauty, history and unique heritage of the city and metropolitan borough of Leeds including the identification and prioritisation of actions to preserve and enhance the historic built environment of Leeds
President
Trustees
Chair: Jenna Strover Vice Chair: Mike Piet Hon. Treasurer: Robert Solyom Hannah Beard Jim Brettell Lucy Moore John Pike Claude St Arroman Clifford Stead Antonia Stowe Jane Taylor Richard Voss
Jeremy Burton
Vice Presidents
Peter Baker Lynda Kitching
To encourage high quality sustainable development; promoting high standards of sustainable urban design, architecture and landscape in development across the whole of Leeds To encourage the judicious preservation, development and improvement of features of general public amenity within Leeds so as to ensure Leeds is a happy, healthy and sustainable place to live and work To advance in the appreciation of a people-friendly environment, considering climate change and the need to reduce environmental impacts; and to promote ways of improving the environment within Leeds including high quality green and public spaces, waterways and sustainable transport
Gold Patron
Liz Arnold
Silver Patron Robert Dyson
Patrons
Richard F. Adkinson Margot Brunaus-Friedman Ann Clark
Leeds Civic Trust
Hywel Coleman Robert Collins Chris Hindle Mark Jenkinson Dean Johnson Jennifer Jones Richard A. Smith Martin Staniforth & Gill Eastabrook Anne Travers Doreen Wood
17/19 Wharf Street, Leeds, LS2 7EQ Telephone : 0113 243 9594 Email office@leedscivictrust.org.uk Website : www.leedscivictrust.org.uk Facebook: @leedscivictrust Twitter: @LeedsCivicTrust Instagram: LeedsCivicTrust Charitable Incorporated Organisation Charity No: 1014362
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Performers and Artists
A landmark: two hundred blue plaques
This past year Leeds Civic Trust has been engaged in a range of events and projects that celebrate performance, art, public sculpture, and media. With several blue plaque unveilings and artistic projects, the Trust has played a significant role in showcasing and recognising Leeds’ diverse arts, heritage and culture.
Leeds Civic Trust’s blue plaque scheme was first initiated by Tony Moyes together with enthusiastic support from Professor Neville Rowell, who sadly passed away in 2024. Launched in 1987 as part of a mission to celebrate the heritage of Leeds, the Trust sought to highlight sites, people, and events that have shaped the city’s identity. Very early in the scheme, plaques such as the one celebrating the first moving picture filmed by Louis Le Prince recognised the contribution made by the arts to the city. This commitment continues to this day.
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01 Nadine Senior pictured with a dancer
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02 The blue plaque for Nadine Senior, the first Principal of the Northern School of Contemporary Dance is unveiled
Our 200th blue plaque: Nadine Senior
A particularly memorable event marked the unveiling of our 200th plaque, honouring Nadine Senior MBE, an innovative figure in dance education who founded the Northern School of Contemporary Dance. The ceremony featured moving speeches, dynamic dance performances, and a photography exhibition, bringing her legacy to life.
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03 Flowers left in memory of plaque recipients Duncan Dallas and Liz Brice
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04 An exhibition of the work of plaque recipient Philip Naviasky at Leeds Left Bank included equipment and an easel as it was left at his house on Scott Hall Road
Science and cannabis
In Chapel Allerton, we unveiled a plaque for Duncan Dallas and Elizabeth Brice, our first to commemorate two notable individuals on a single blue plaque. Duncan Dallas and Elizabeth Brice met whilst working in broadcasting; they were both trailblazers in their own right. Duncan Dallas established Café Scientifique in Chapel Allerton. It became a worldwide movement offering a place for the lay person to meet and discuss scientific issues with specialists. Liz Brice successfully campaigned to legalise the use of medical cannabis, a substance that relieved the symptoms of her multiple sclerosis. Her campaigning paved the way to providing relief for thousands of people.
- 05 Celebrating the launch of the Waddington’s exhibition at Leeds City Museum, the countdown for the Leeds BID “Monopoly takeover” and unveiling of a plaque for Monopoly pioneer Victor Watson in Horsforth later in the year (photo courtesy Leeds BID)
The birth of Monopoly in Leeds
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Another plaque was dedicated to Norman Victor Watson, former director of Waddingtons and a key figure in the creation of the UK version of Monopoly.
This plaque unveiling was part of the city-wide “Monopoly Takeover” by Leeds BID. This playful trail brought Monopoly pieces to life in the form of giant sculptures. It drew thousands of visitors to Leeds City Centre and brought attention to the role of this important Leedsbased board game manufacturer. 04 Unusually, the Trust allowed ik @ ry the blue plaque to be exhibited to ee in advance at The Leeds City Museum as part of a display showcasing Waddingtons heritage and marking a 100 day countdown to the Monopoly Takeover.
Philip Naviasky’s portraits
We also unveiled a plaque for Philip Naviasky, an artist known for his enigmatic portraiture.
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This unveiling was part of a broader celebration of Naviasky’s work, coinciding with an exhibition at Left Bank, which featured artworks sourced from all over England. A special installation recreated his studio, complete with his original studio chairs, proudly showcased on BBC’s Antiques Roadshow earlier in the year.
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Annual Review 2024
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01 Legendary promoter John Keenan (holding the blue plaque) and supporters outside the location of The Duchess – the celebrated live music venue
- 02 Pippa Hale’s Ribbons sculpture is revealed on Quarry Hill
The Duchess of York
We were delighted to unveil a blue plaque for this former music venue on Vicar Lane. An incubator for some of the most famous bands in the UK, one of our biggest ever crowds assembled to witness the unveiling by legendary promoter John Keenan. The unveiling took place following the announcement of the Oasis reunion tour. With tickets exchanging hands for hundreds of pounds, it is worth remembering that the band once performed here to a handful of people for an entrance fee of a few pounds!
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Ribbons – celebrating women past and present
Just as we celebrate the heritage of our city through our blue plaques, we also support public art that highlights heritage and the future of the city. At the end of 2023 we saw the unveiling of Hibiscus Rising, a striking sculpture created by Yinka Shonibare CBE; a work that is a symbol of hope and unity. Leeds Civic Trust supported the production of this sculpture with a grant of £5,000 towards the production of the maquette. This year saw the unveiling of the Ribbons sculpture by artist Pippa Hale, also sponsored by Leeds Civic Trust. This is a celebration of the achievements of women in Leeds from the past and present. The sculpture comprises several metal ribbons that carry the names of 383 women. They include two of our trustees, Lucy Moore and Antonia Stowe, alongside the Trust’s Vice President, Lynda Kitching, and former volunteer and centenarian Doreen Wood, and many other volunteers and blue plaque recipients. The sculpture is located in the Playhouse Gardens on Quarry Hill.
- 03 A stellar cast of experts featured in our panel discussion held to mark the unveiling of the Ribbons sculpture
We celebrated the unveiling with A year of championing a panel discussion on the role of arts and culture public sculpture. The panel was led by Professor Griselda Pollock public art projects, exhibitions from the University of Leeds and and events, the Trust remains included artist Pippa Hale, Jane dedicated to celebrating Bhoyroo from Leeds Art Gallery, the city’s artistic legacy and Alison Lowe OBE, Deputy and encouraging a creative Mayor of West Yorkshire. Alison environment. Lowe reflected on the review she led looking at public statues in the city in response to the Black Lives Matter movement. The review highlighted a lack of diversity in the city’s public art and statues. The unveiling of two powerful sculptures, Hibiscus Rising and Ribbons, starts to redress the balance.
Through our plaque unveilings, public art projects, exhibitions and events, the Trust remains dedicated to celebrating the city’s artistic legacy and encouraging a creative environment.
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Protests and Campaigns
Leeds Civic Trust helps preserve and celebrate our city’s history while encouraging conversations about the future. One of the main ways we do this is through the blue plaques programme, which highlights important moments that have shaped Leeds and their impact on wider society. In 2024, several of our blue plaques marked the city’s involvement in major social and political debates throughout history.
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An academic landmark
The first blue plaque of the year was unveiled in March 2024, marking 50 years since the first trans conference at The Leeds University Student Union. This pioneering event in 1974 is a key staging post in the history of trans rights, and the plaque acknowledges how Leeds was at the forefront of challenging social norms and leading discussions on LGBTQ+ rights.
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01 A joyful unveiling of a plaque to celebrate the 50th anniversary of this pioneering conference that put trans issues on an academic footing for the first time in the UK
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02 Banners and flags reminded us of the protests that took place on Holbeck Moor to repel Oswald Mosley and his fascists
Opposing the rise of fascism
Later in the year, the Trust unveiled a plaque commemorating The Battle of Holbeck Moor. This confrontation took place on September 27, 1936 when 30,000 people gathered to prevent the leader of the British Union of Fascists, Sir Oswald Mosley, and his blackshirts from holding a rally. This became a powerful sign of the city’s commitment to anti-fascist and anti-racist activism. Nearly 90 years later, over 200 people gathered on the same spot to honour the legacy of those who stood against the rise of fascism by unveiling a blue plaque.
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03 Songs by the Commoners Choir in the grand setting of the Leeds Library are a prelude to a talk by Dr Vic Clarke on the Northern Star
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04 Three MPs joined forces to remember a key moment n the city’s history when the advance of fascism was stalled (l-r Hilary Benn MP, Richard Burgon MP and Fabian Hamilton MP)
The plaque was unveiled by local MPs Hilary Benn, Richard Burgon, and Fabian Hamilton. We were also joined by descendants of the participants from the original rally, sharing personal stories and accounts of the day.
The anti-slavery movement
In October, we unveiled a blue plaque for “Abolitionists in Leeds” at the University of Leeds. This plaque, unlike most others, does not commemorate a single individual, building, or event but rather the abolitionist movement in the city as a whole. It highlights key figures such as Mary and Wilson Armistead, leaders in the Leeds Anti-Slavery Association, together with fugitive slaves Ellen and William Craft who stayed in their house on the University campus. The role of Leeds-based abolitionists deserves wider recognition. The plaque’s unveiling took place during Black History Month and was accompanied by a lecture from Professor Richard Blackett on the history of this transatlantic movement.
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- 01 Lord Mayor Abigail Marshall Katung and writer Khadijah Ibrahiim reflect on the city’s 19th century anti-slavery movement
The Northern Star
Finally, the Trust celebrated its 201st blue plaque with a tribute to the Northern Star newspaper, the journal of the Chartist movement which was created and printed in Leeds. A truly national newspaper, it helped express the demands of workingclass people for political and social reform in the 19th century.
The blue plaque programme is a chance to keep looking back at our history and connect to the present day. We continue to highlight and celebrate people and events that are making an impact today. We look forward to receiving many more blue plaque nominations in the years to come.
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- 02 A booklet from the 19th century depicting fugitive slave Ellen Craft who escaped from her captors by disguising herself as a man
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03 University of Leeds academic Dr Vic Clarke tells the crowds assembled on Briggate about the significance of The Northern Star which was published near this location
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Leeds Civic Trust
Annual Review 2024
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01 A visitor to the ‘Promised Land’ exhibition views one of the images showing Leeds more than 30 years ago
The Promised Land
We held a temporary exhibition in 2024, exploring the legacy of Leeds Development Corporation (LDC), one of several Development Corporations created by national government in the late 1980s. The exhibition, named ‘The Promised Land’ after the LDC slogan, featured striking now and then contrasts, notably of the waterfront. It showed how areas now teeming with life appeared to be undeveloped wastelands just 30 years ago. The genesis of the project was an approach from the former Director of Planning at LDC (and current Chair of Halifax Civic Society) Alan Goodrum, who gifted us a collection of over 500 35mm slides taken by the LDC that had lain in his attic!
His old adversary Dr Kevin Grady (former LCT Director), and LDC-era developers including Peter Connolly (Yorkshire Design Group) and Jonathan Maud (Rushbond PLC) reminisced about past battles and collaborations, and recognised the profound impact this organisation has had in its few short years of existence.
The venue, 2 Brewery Place, was kindly offered to us by our friends and gold corporate members, Rushbond PLC. This was a perfect location as it was one of the buildings (originally the Tetley Brewery Museum) developed by the LDC; we featured images of Brewery Place under construction on our window display.
Our photography group is revived
We realised that this was an excellent opportunity to engage new volunteers and revive our photography group. Following publicity via social media and our Outlook newsletter, we gained 11 committed volunteers. They set about cataloguing and rephotographing the images going to painstaking efforts to recreate the exact angles and vantage points to create a perfect contrast.
A special opening event featured Peter Hartley CBE, then chairman of the LDC. Now in his 90s, his reputation as a feisty proponent of development-led regeneration lives on in the remarks he made!
The final part of the process was to curate an exhibition, featuring over 100 printed photographs. This ran from 21-25 May and saw 400 visitors pass through the doors, following only two weeks of advertising.
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02 An artist’s impression of a new development at the Royal Armouries. Proposals include the creation of a new building which will incorporate the existing jousting activity together with a large conference venue
A new life for the Third White Cloth Hall
The exhibition showed that some of the buildings featured have had several lives since the days of the LDC.
A wonderful image from the time featured the Third White Cloth Hall in a colourful but decrepit state. Its most recent use as a Pizza Express ended during the Covid period. We were delighted to take the opportunity to restore the blue plaque on this important listed building to coincide with its reopening led by a consortium including Corporate Members, Whitelocks as a new food and drink venue.
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03 The Third White Cloth Hall – captured during the Leeds Development Corporation era 04 Manufacturers Leander restore a blue plaque for the Third White Cloth Hall. This was re-unveiled to coincide with the opening of a new food and drink venue in the building
What next?
02 Picking up where our old group left off, our revived photography group has a long list of future projects which will include completing the archiving and digitising the Trust’s unique collection of 1960s/1970s photographs and showcasing other slides held at Wharf Street, including glass plate lantern and 35mm slides. In 2025, we hope to showcase our collections, create new archives of Leeds in 2025, and most importantly, curate a second run of The Promised Land exhibition.
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The Bear Pit: A Sixty Year Journey of Restoration
A chequered history
Progress and discoveries in 2023 and beyond
Almost 60 years ago, Leeds Civic Trust purchased a Grade II listed former Victorian bear pit in Headingley for the sum of £125. What was seen at the time as a worthy conservation initiative has become one of our longest-running projects, full of challenges and discoveries.
The bear pit was originally opened in 1840 as the centrepiece of the Leeds Zoological and Botanical Gardens. Early interest in the gardens dissipated and they closed in 1848. Reopened and rebranded as the “Leeds Royal Gardens” under new management, entrance fees were reduced, opening times increased and the space was hired out for events. The owners even persuaded the Leeds and Thirsk Railway to convey passengers from Thirsk and Ripon to a new southern entrance. It still remained unprofitable and closed in 1858. The land was sold for housing with the bear pit remaining as one of the few original features.
After years of maintenance by Trust volunteers, we achieved a significant milestone in 2023 with the approval of plans to restore the structure as a “folly” having ruled out various projects, from an open-air theatre to housing over the years. Work commenced in early 2024, and was carried out by contractors R.H. Fullwood & Co. Ltd. During the restoration, we made some exciting discoveries, including a stone trough with an overhead pipe, believed to have been used to provide water for the bear.
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01 Pictured l-r examining mortar samples, Quantity Surveyor Tony Hale, Builder Ross Fullwood and long standing trust volunteers Graham Castle and Richard Voss who have led the restoration project
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02 Work in progress: the restored bear pit begins to take shape
A ‘sneak peek’ event and growing interest
The restoration also created a surge of interest from local and national media, with Trust Director Martin Hamilton being the face of many interviews. We even had a visit from famous goth band The Mission to recreate their famous photograph from the 1980s. The bear pit also became a stopping off point for the Goth Trail created for this year’s Heritage Open Days by grant recipient Mark Silver.
In June 2024, we hosted a sneak peek event, beginning with a lecture at the Hyde Park Picture House. The late Janet Douglas delivered a fascinating talk on the history of the bear pit and the Leeds Zoological Gardens, followed by a short presentation from former Trust Director Kevin Grady, who shared insights into the Trust’s ownership of the structure. This was followed by a visit to the newly restored bear pit where attendees could appreciate the restoration which includes landscaping, new railings, paths and, of course, a fully restored structure.
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03 Members of the goth band The Mission, recreate their iconic 1986 photo (Credit: Justin Leeming)
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04 We held a preview event to allow members and supporters to enter the Bear Pit ahead of our formal launch in 2025
Looking to the future: what’s next for the bear pit?
We are preparing for the official opening of the bear pit in spring 2025, coinciding with the Trust’s 60-year anniversary celebrations. We will install interpretation boards and begin to plan a planting scheme – maybe taking inspiration from the original botanical gardens. We see the bear pit as a community facility and look forward to working with Headingley residents in the years to come.
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None of this progress would have been possible without the dedication of our volunteers, especially Richard Voss and Graham Castle. Their commitment has driven the restoration forward by tackling challenges head-on and ensuring that the project remained on course.
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Annual Review 2024
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Large Retail: Conversion and Change
Our city is famous for its Victorian arcades, but this walk considered more recent additions to the covered shopping experience in the city. Since then, shopping habits have changed considerably, and our 2024 AGM brought together a panel including Karen Butler (Leeds BID), Ian Harvey – outgoing CEO of Civic Voice and a member of the High Street Task Force, Steve Foster (Centre Director at the Leeds Trinity and White Rose Shopping Centres) to discuss the changing face of the high street.
In 2015, Leeds Civic Trust celebrated the 50th anniversary of our incorporation in 1965. Amongst the activities that were undertaken to celebrate this important milestone was a walk entitled “Five decades, five arcades: Fifty years of undercover shopping in Leeds.”
01 Dr Kevin Grady delivering his popular “Leeds in Your Lunch Hour” lectures including one focusing on the history of retail in our city
- 02 An artist’s impression of a re-imagined St John’s Centre showing new elevational treatment (image courtesy of Leonard Design Architects)
The rise of internet shopping and the impact of Covid have changed the way we shop. The debate sought to consider how we make our high streets and shopping centres places that people want to visit, reflecting the important role they play as a source of employment and as a way of animating our town and city centres.
Dr Kevin Grady’s lunchtime lecture “From the Bazaar to John Lewis and beyond” gave an historical context to this fascinating subject. Our city’s retail offer has always been a story of change and renewal.
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01 The proposed replacement for
“The Core” shopping centre (Image courtesy of Corstorphine and Wright)
02 A topping-out ceremony for a 369 bed space student development on the site of the former House of Fraser Store on Briggate
After asking whether the building could be repurposed, we supported the proposals which include some interesting architecture which is more in keeping with existing buildings in the vicinity.
The elevations will be re-faced, and an internal courtyard garden is to be established, earmarking space currently used for car parking. Approval for this scheme was granted in October 2024. These proposals certainly piqued the interest of the general public – our Facebook post on the subject generated over 400 comments – both positive and negative!
Shopping centres are changing
Three of the five covered shopping outlets included in our walk ten years ago were also on our agenda this year. The St John’s Centre, which opened in 1984, has often seemed a bit of a backwater, though it continues to perform well as a retail location. Less successful are the upper floors, which house offices. The city’s prime office quarter has gradually migrated from the central retail core to the area around Wellington Street and consequently owners are looking at ways of revitalising spaces that are hard to rent out. The proposals will convert the upper floors of this building into accommodation for around 300 students.
Finally, we were invited to comment on proposals from Trinity Leeds to add a second floor to their popular Trinity Kitchen operation. This will take advantage of currently unused space and will create a new terrace which will overlook City Square. We supported the proposals which would create a better backdrop to Mill Hill Chapel. We were assured that these new functions would not affect services and events conducted at the church.
More student accommodation is proposed on the site of “The Core” – the rather unloved shopping centre built in 1987 on the site of the former Schofields department store. The plans are to demolish the centre and replace it with three blocks which will house around 800 students “above the shop” – retail will be retained on the ground floor. This will enable two new streets connecting Lands Lane and King Charles Street to be created.
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Changes in Briggate
From the earliest times, Briggate has been the city’s focal point for business and trade but has never stood still. This year, we were given an architectural drawing salvaged from a notice board within the architectural studies department at the former Leeds Polytechnic which was produced in the mid-70s, showing the entire western elevation of Briggate. Only Marks and Spencer survives in the same location.
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A new building on the House of Fraser site
We attended the topping out ceremony of the former House of Fraser store. This mid-century building has been demolished to be replaced by a ten-storey building that will house 360 students on the upper floors with the ground and basement retained as 3,200 sq m of retail space developed by Manner. The Trust gave its broad support to the proposals which will provide an interesting elevation (we think an improvement on the building that went before), incorporating an interesting arched design. We were less convinced by the powder-coated top two floors which we felt were overbearing. We accepted that retention of the original building was not a practical proposition.
03 A new rooftop bar will overlook Mill Hill Chapel and City Square in proposals revealed by the owners of Trinity Leeds shopping centre (image courtesy of Chapman Taylor)
Debenhams becomes Flannels
Further up Briggate, a new Flannels store has opened in the building previously occupied by the now defunct Debenhams. This is essentially a restoration and fit-out of this familiar building. Initial proposals would also have seen this converted into student accommodation, before at the eleventh hour this alternative scheme was proposed. We supported this use but opposed the unauthorised insertion of black vinyl on the windows of some of the upper floors of this listed building.
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01 This new building emerging on the site of Aire Park shows how pre-fabricated panels, when properly designed and attached, can produce a very satisfactory finish
Supporting Buildings of the Hi hest Qualit g y
The new government’s The return of mandatory planning priorities housing targets seems sensible One of the first acts of the as a general principle, but in-coming government was to in supporting development, launch a review of the National we also need to ensure that Planning Policy Framework. The the quality of what we build Trust submitted its views on is as good as it can be. The what was proposed. We agree revised NPPF has removed all that the housing crisis is real and references to “beauty”, and the support most of the proposed Office for Place established changes. It is perhaps not widely under the previous government appreciated that Leeds has built as a means of promoting good more homes in recent years than design (through design codes) many of the core cities. In the has been disbanded. This should last year, nearly 4,500 homes not be taken as a signal that were completed. If this level of volume trumps good design. delivery was achieved across the country on a per capita basis, national housing delivery targets would be met.
The Trust’s charitable objects promote high standards of sustainable design. Our observations are underpinned by the principles of good architecture, and are enriched by the experiences and opinions of our volunteer planning committee which includes a mixture of professionals and wellinformed lay people.
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01 A poster from the “Humanise” 02 This detail from “The Phoenix” campaign led by Thomas is an example of poor external Heatherwick, agitating for treatment (not to mention the “less boring design” rather odd wind baffles!)
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03 The artist’s impression of this building to replace Zurich House was generally supported by our Planning Committee (image courtesy of Russ Drage Architects)
Good brick versus bad brick
One way in which design quality can be addressed is in the quality of the finish. The internal treatment of a private building is only appreciated by those who live and work there, but the external elevations are seen by all of us and has to be endured for many years! The Trust produced a report this year which looked at examples of good and bad brick work. We looked at the extent to which original designs had been realised in the finished article and the quality of work undertaken to achieve this. A good example is the very well executed brick panelling used in the Vastint office scheme on the former Tetley Brewery site. Joins are carefully hidden, and the finish is consistent.
This contrasts with The Phoenix residential building in Eastside which appears clunky and unfinished. We also lament the fact that the original design intentions on the Kirkstall Hill development (known as Abbey Court), have gradually been eroded with the brickwork lacking the subtlety and finish that the original CGIs had promised.
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“Humanising” architecture
This year, we hosted the 25th anniversary lunch of the Yorkshire and Humber Association of Civic Societies at the Met Hotel. Abigail Scott Paul, Global Head of the Humanise campaign, an initiative conceived by acclaimed designer Thomas Heatherwick, talked about their central mission to ensure that buildings were less boring. Heatherwick, who designed the award-winning Maggies Centre at St James Hospital, cites the John Lewis store in Leeds as an example of a building that is less boring. The Humanise campaign defines boring buildings as being “too flat, plain, straight, shiny, monotonous, anonymous or serious” and promotes buildings that “lift the soul.” Maybe this is a useful shorthand for evaluating schemes considered by our planning committee?
Delivering good design
A residential scheme called “Evolution House” at 34-36 Springwell Road for 391 residential units was considered by us to be lacking in architectural interest in its massing and materiality in a location that will be very visible to people arriving in Leeds by train.
A proposal for a replacement of Zurich House with a building of up to 10 storeys for residential use was, in our view, better resolved in terms of architectural interest but would benefit from more variety in materials, which would reduce the risk of the building appearing monolithic and replicating the Leeds Look. We also felt that the frontages were relatively inactive and entrances too understated.
MAP charity objected to the reserved matters application for 71-73 Mabgate. They had a number of concerns including overlooking and the height of the adjoining building. We agreed at outline stage that the massing was excessive in this location but given that this principle had been established through outline approval, our comments at the reserved matters stage related to the finish and articulation of the building. We supported the inclusion of murals in the internal courtyard as a way of adding variety and noted the subtle changes in brick tone and texture incorporated into the building. We pointed out that these variations would need to be sufficiently obvious to break up the large expanses of brick. The introduction of glazed brick to the arches was a very positive element of the scheme.
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Annual Review 2024
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THE CHAMBERS: Redefining Luxury a boutique hotel like no other.
The Chambers at Park Place takes residence in a historic 19[th] century building. Located in the centre of Leeds and only a 5min walk from the train station and main shopping area.
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Make your
Sunday night
sparkle from
£ [99.00]
With a bottle of
Prosecco included.
Offer only available
on a Sunday.
Tel 0113 386 3300
Email reservations@thechambersleeds.co.uk
Web www.chambersleeds.com
The Chambers, 30 Park Place, Leeds LS1 2SP and
Riverside West, Whitehall Road, Leeds LS1 4AW
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A history of providing care choices to suit your needs.
Offering residential care to specialised dementia support or short respite stays. Retirement Apartments, with care and support onsite 24/7, also available in Headingley and Roundhay. Find out more today!
Headingley Hall Pennington Court Twitter 5 Shire Oak Rd Hunslet Hall Rd @WestwardCare Leeds LS6 2DD Leeds LS11 6TT Facebook Westward Care Southlands The Cedars Wetherby Rd Church Side Leeds LS8 2JU Methley LS26 9BH
0113 331 4830 westwardcare.co.uk
EVANS PROPERTY GROUP IS PLEASED TO CONTINUE ITS SPONSORSHIP OF THE LEEDS CIVIC TRUST
T: +44 (0)113 271 1888 EVANSPROPERTYGROUP.COM
Bringing Leeds heritage to life
Travel back in time and experience life at Leeds Central Station…
The museum is free to enjoy and open: Monday – Friday: 9am – 6pm
The Wagon Lifting Hoist Mini Museum, located at Wellington Place, celebrates Leeds’s rich industrial heritage. The Grade II listed building closed in 1967 and was awarded a Leeds Civic Trust blue plaque in July 2011.
Saturday & Sunday: 10am – 4pm Scan here for more info: or To
Reopened in 2024, it is one of the last remaining parts of Leeds Central Station. The museum contains immersive exhibitions and original artefacts spanning the station’s more than a century long history including sounds, photos and memories of the working station.
Wellington Place, Leeds, LS1 4AP
info@wellingtonplace.co.uk
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Annual Review 2024
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Saving the fabric
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01 Leeds Civic Trust was concerned about proposals for an extension to this key heritage building and the extent to which original features might be removed
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02 This picture of the collapsed building on Kirkgate shows what happens when buildings are neglected
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As Jenna Strover moved on to become chair of the Trust, we were delighted to welcome Clare Chapman as the new chair of our Heritage Watch Group.
Clare Chapman is a graduate in Art History and Museums Studies. Her work with the Church Commissioners for England focuses on finding suitable new uses for former church buildings no longer needed for regular public worship.
Clare is ideally suited for her new role. The “art of the possible” and being selective about which of the hundreds of listed and precious heritage buildings we focus our attention on, is providing a new impetus to our group. These insights have been particularly useful this year as a number of challenging projects have been presented to us.
The Tetley Building
This much-loved building is the centrepiece of Aire Park, a vast brownfield site which is being developed for a variety of uses at the location of the former Tetley Brewery. The Trust supports the overall vision for the site and there is already much to admire – particularly the high-quality public park which is now taking shape.
However, we were concerned about proposals for the former Tetley HQ, which we felt did not respect the history and heritage of this building.
In particular, we felt that the proposed extension to the building would dominate the existing building and were concerned that too much of the interior, including wooden panelling and individual rooms, was to be stripped out as part of a refit for office and conference use above a bar/restaurant use on the ground floor.
Kirkgate
The Trust’s interest in Kirkgate stems from the fact that it is the city’s oldest street. Whilst some very positive work has been undertaken (not least the renovation of the First White Cloth Hall and five other shop fronts), other properties have continued to be neglected. We were alarmed but not surprised when the frontage of 85 Kirkgate collapsed in April with adjacent buildings now also under threat (not helped by fire damage in 2023). Their dilapidated appearance was already a source of frustration for nearby businesses and protective hoardings create an unwelcoming environment. Leeds City Council obtained an urgent works notice (bizarrely as an unlisted building, permission has to be sought from central government) which effectively underwrites the cost of repair works and may end up as the developer of last resort.
Reuse of mills
The Trust held a members visit to Sunny Bank Mills in Farsley. The Mills have been in the ownership of the Gaunt family for over 100 years. Following the closure of the mills as worsted cloth manufacturers in 2008, the owners have created a thriving and vibrant complex of 100 small businesses (employing over 500 people) together with cafes, a gallery and entertainment uses.
It is heartening that perhaps the most obvious solution to create apartments was ruled out in favour of retaining its primary employment function.
More problematic is the future of other mill buildings in the city. Leeds City Council took the decision to relinquish its lease of the listed Thwaite Mills, closing the museum in April 2024. The Council reported that low visitor numbers and costs of around £0.75 million over the next five years were factors in making this decision. If the building does not have a future as a museum, we hope that an imaginative and sustainable alternative use can be found.
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As we balance the need for preservation with pragmatism, we have expressed concerns about the future of Aire Place Mills on Kirkstall Road. The site, which formally housed several businesses including Seagulls Reuse, the paint recycling social enterprise, is in family ownership but with an option assigned to a developer for housing. Whilst we welcome initial proposals for low rise traditional housing on this site which is a transition point from urban Leeds to suburban Kirkstall, we share Leeds City Council’s concerns that at least some of the existing mill buildings should be retained as part of any redevelopment.
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01 Ellie Thompson joined us over the summer on a placement funded by Historic England and supported by Leeds City Council
Burton’s site
This vast site on Hudson Road, once the epicentre of the Burton’s clothing empire where more than 10,000 people were employed, has been in the ownership of Avant Homes since the collapse of Arcadia. In our conversations with the new owners, we are keen to ensure that the key northern and southern facades with the famous tiled frontages are retained. The site needs to have decent greenspace and we are keen that the housing properly reflects the industrial heritage rather than being “off the peg” housing that we often see from volume house builders. Early signs are encouraging – in addition to 500 homes on the site, it is proposed that the southern façade will be retained in an apartment scheme. Around 8 acres of the land will continue to be used for employment and there may even be a location found for an archive.
Historic England work placement
We were delighted to work with Leeds City Council and Historic England to host Ellie Thompson, a second year University of Leeds history student over the course of the summer. Ellie worked with our Heritage Watch group documenting key buildings, worked with the Council’s conservation team on the city’s local listing scheme. She used the knowledge she had gained to lead a walk around Little Woodhouse pointing out the everyday heritage features that make this part of the city so fascinating and a good starting point for local listing.
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A creative studio based in Leeds, we bring together more than 40 years’ experience from leading international brand, design and marketing agencies.
We work in partnership with our clients to solve design and communications challenges, supporting household names like Centrica, the BBC, UKREiiF, and local charities including Leeds Civic Trust. — www.studiotdh.com
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= ARCHITECTS & MASTERPLANNERS
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02 We developed our own masterplan sketches for the Burton’s site. When the developers revealed their plans we were pleasantly surprised that they agreed with many of our ideas
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Wakefield
Manchester
Milton Keynes
Reading
London
Harrogate
Edinburgh
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Annual Review 2024
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~~ee~~ Influencing and Advocating
Following this, Urban Wilderness designed and facilitated creative workshops over the summer to capture the public’s emotional responses and perspectives about the area.
A closing event in September gathered community members, stakeholders, and speakers to celebrate more than five years of dedicated work and to reflect on the past, present, and future of the project.
Leeds Civic Trust has not shied away from exerting influence through our planning and transport work across 2024, in tune with our wider objectives to promote and organise participation and cooperation with stakeholders and partners locally, regionally, and nationally. Our cooperative efforts to shape our city’s future have taken many forms.
These workshops culminated in some really powerful creative outputs, including film, photographs and screen-printed collages, displayed in September at the ‘Re-imagining Leeds Eastside Exhibition’ at Leeds City College.
A huge thanks to Hannah and Ishita at Urban Wilderness and Lydia, Jaime and Tom at Lees City College – without their creative input this project would not have been possible!
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Re-imagining Leeds Eastside
For several years, Leeds Civic Trust has championed the transformation of Leeds Eastside, a part of the city centre historically dominated by traffic, fragmented greenspace, and limited community facilities. Since 2019, we’ve collaborated with the public, stakeholders, and organisations to reimagine Eastside as a vibrant, inclusive, and sustainable urban space. These efforts ranged from hosting a public competition of ideas to creating the Vision document in 2023, led by landscape architects Urban Wilderness.
The Eastside project exemplifies how collaboration, creativity (and persistence!) can support the re-imagining of our urban spaces for the better. We have been able to exert influence by bringing together people and ideas to shape the future of Leeds, none of which would be possible without our city partners. Further discussions have now been held to discuss improvements to Penny Pocket Park, the land that straddles the railway viaduct. By supporting a study to be undertaken by Groundwork in collaboration with the Wades Trust, Leeds Minster and Leeds City Council, we look forward to supporting changes that go with the grain of our broader vision.
Leeds Transformational Regeneration Partnership
The momentum behind Eastside’s transformation this year has started to properly align with Leeds City Council’s broader regeneration goals. Notably, Leeds Civic Council announced that it had secured funding from central government to establish the Leeds Transformational Regeneration Partnership. The Trust has been in dialogue with Council colleagues with a view to embedding the Eastside principles into this broader programme of regeneration.
The project aims for a ‘gentle density’ approach to regeneration across five neighbourhoods on the edge of the city centre including Hunslet and Riverside, West End Riverside, South Bank Central, the Innovation Arc, Holbeck & South Leeds, and, of course, Leeds Eastside.
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01 Participants were invited to
use a disposable camera to take pictures during a walk through Eastside
02 The logo for the 4x4 events
03 Our proposals for the initial phases of the Mass Transit route
The revival of the 4x4s
2024 also marked the return of the iconic 4x4 discussion series in collaboration with the Leeds Society of Architects, Leeds Beckett University and RIBA after a gap of many years. The “2024x4“ series featured four evenings of thoughtprovoking discussions centred on architecture, design and the future of Leeds.
Each week tackled a unique theme, with renowned speakers sharing their insights. Week One: A City Alive explored how culture serves as a catalyst for creating dynamic urban spaces. Week Two: A Developing City, examined regeneration and development. Week Three: The Look, celebrated thoughtful design and Week Four: A Sustainable Future? tackled sustainability. We were delighted that so many of the Trust’s friends and associates contributed to these vital debates.
The Vision was never intended to be static but to spark conversation and inspire change. This year we took significant steps to engage a wider audience. In January, we ran a scoping workshop with key stakeholders to explore collective ways forward.
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01 Clifford Stead with a group of participants under Monkbridge Viaduct during his walk entitled “Trains, trams and the underground: lost and unrealised public transport in Leeds”
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02 A group of supporters await a decision on bus franchising outside Wellington House
A tram for West Yorkshire?
We had regular meetings with the West Yorkshire Combined Authority (WYCA) to share our proposals, offering constructive input informed by local knowledge and our expertise. We submitted our formal response to WYCA’s ‘phase one’ consultation on proposed route options in August 2024.
Supporting the move to bus franchising
As a long-term supporter of Mass Transit, we’ve also played an active role in advocating for a new tram system across West Yorkshire. This year, we developed our own route proposals which are available on our website. Our proposals are underpinned by core principles, focusing on connecting areas currently under-served by public transport, encouraging sustainable travel and wider opportunities for placemaking. Building partnerships with the decision makers and building public support for the tram has been at the heart of our approach.
In our quest for a more liveable Leeds, we know that a reliable, affordable, and integrated transport system is crucial. The Trust is pleased to support the move towards bus franchising in West Yorkshire, a major step forward following the success of last year’s campaign led by Better Buses for West Yorkshire. Looking ahead, the Trust is committed to holding decisionmakers accountable, working with partners and local authorities to ensure these improvements are fully realised and support the wider transport vision for West Yorkshire.
We also engaged with national social enterprise Create Streets on their report which made a strong case for trams in the UK, using our very own Leeds as a case study. The report explored the tram’s potential to enhance connectivity and placemaking across the region.
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Working with the city
Our ongoing quarterly meetings with the City Development Department have continued to foster an open dialogue and enabled us to ask important questions. We wish outgoing Director of City Development Martin Farrington well, as he stands down after nearly 30 years at Leeds City Council. We gave him our own send off at a special “in conversation” event hosted by Arup.
Our dialogue with the Council remains a cornerstone of our efforts to influence change and we look forward to building on this with Angela Barnicle who has stepped into Martin’s role.
Our long-term role as a ‘critical friend’ of the Council has continued to evolve, particularly when harnessing our shared goals in development and transport issues. This year, we engaged with Leeds City Council on key consultations such as the Woodhouse Lane Gateway scheme, influencing proposals at an early stage to ensure sustainable and inclusive outcomes.
Committees and Groups
Heritage and Culture Panel Lucy Moore (Chair), Jay Anderson, Katy Frankland, Alex Fitzpatrick, Jordan Keighley, Sophia Lambert, Simon Morgan, Lisa Mclntyre
Heritage Watch Group
Events Committee
Clare Chapman (Chair) , Rick Amos, Peter Baker, Carol Page, Clare Chapman, Christine Osborne, Garance Rawinsky, Tony Ray, Helen Sanders, Jenna Strover, Meryll Wilford, Clive Woods
Jane Taylor (Chair), Meryll Wilford, Joan Hick, Mark Parry, Roderic Parker, Garance Rawinsky
Finance and General
Community Groups affiliated to Leeds Civic Trust
Purposes Committee
Blue Plaques Group
John Pike (Chair), Catherine Black, Jeremy Burton, Robert Solyom, Jenna Strover, Jane Taylor
Aireborough Civic Society Alwoodley Community Association Far Headingley Village Society Friends of Lawnswood Cemetary Friends of Middleton Park Friends of Roundhay Park Friends of Temple Newsam Gledhow Valley Conservation Group Horsforth Civic Society Little Woodhouse Community Association Newlay Conservation Society Pudsey & District Civic Society Thackray Museum The Oulton Society The Thoresby Society Weetwood Residents’ Association Wetherby Civic Society
Jane Collins, Kate Davis, Lizzie Mussett, Liz Yeoman
Heritage Open Days Group
Meryll Wilford (Chair), Jan Farrar, John Harris, Joan Hick Roderic Parker, Garance Rawinsky
House Committee
Richard Voss (Chair), Graham Castle
Photography Group
Planning Committee
Lisa Brown, Stephen Cole, Jane Collins, Andrew Fahy, Anthony Hicks, Liz Samways, Igor Sivolob
Mike Piet (Chair), Peter Baker, David Barraclough, Jim Brettell, Robert Collins, Alannah Coulson, Howard Dews, Paul Exley, Ruth Gelletlie, Jeff Gleisner, Adrian Jones, Karmjit Lyal, Caroline Newton, Tony Ray, Claude Saint-Arroman, Lesley Slaney, Clifford Stead Jeremy Thompson, Luke Tyler Clive Woods, Colin Woodward, Samuel Yates
Transport and
Liveable Leeds Group
Ruth Gelletlie (Chair), Howard Dews, Jeff Gleisner, Adrian Jones, Mark Parry, Mike Piet, James Riley, David Smith, Jeff Turner, Clive Woods
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Annual Review 2024
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Heritage Open Days – A Festival of Connections
What began as a weekend event has now grown into a 10-day celebration. The 2024 festival theme, Routes, Networks, and Connections, was particularly fitting given the event’s longstanding legacy of building connections within our city. Over 100 events were part of this year’s festival in Leeds, and Leeds Civic Trust saw the return of our successful grants scheme, which funded 16 new initiatives providing a platform for new voices and communities that may not previously have had the funds or the support to participate in the festival. We supported the Ahlulbayt Cultural Centre, which ran an interactive masterclass and mini exhibition exploring storytelling within the diaspora community specifically catered towards the Leeds Iraqi community. The event explored the collective memory and shared identity of Iraqi migrants, and the challenges faced in capturing their stories.
We also supported the We Are Hyde Park exhibition, an art showcase curated by the Left Bank. This was a celebration of the rich heritage and stories of Hyde Park which invited local creatives to submit works inspired by the area. The exhibition was accompanied by workshops, talks, and performances that further connected people through shared experiences of the area’s history and cultural stories.
2024 marked the 30th anniversary of The National Trust’s Heritage Open Days festival, and Leeds Civic Trust has been instrumental in coordinating the festival in Leeds for an impressive 26 years, making Leeds one of the earliest cities in the country to participate.
Another notable grant receiver was The Leeds Goth QR Code Challenge by Mark Silver, aka Leeds Nomad. This interactive scavenger hunt invited participants to discover QR codes placed at significant sites around the city, each telling the story of Leeds’ pivotal role in the birth of Goth culture. One of the hidden QR codes even led participants to our own bear pit!
- 01 A flyer by Leeds Nomad for his goth trail – one of many events that took place during Heritage Open Days
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A plaque for rhubarb!
The festival also saw the return of the popular open day at Hollybush Conservation Centre, which celebrated its recent blue plaque in honour of Joseph Whitwell, a Victorian gentleman farmer who pioneered the cultivation of forced rhubarb. Visitors enjoyed a self-guided tour to learn about Whitwell’s story and the opportunity to see the newly unveiled Leeds Civic Trust blue plaque.
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A new museum for Leeds
In May, The Wagon Hoist at Wellington Place, restored by Corporate Members MEPC, opened a mini museum. The museum explores 170 years of railway history and showcases signage from the Middleton Railway, as well as filmed interviews with former workers, hosted by our Trustee Clifford Stead. What better place to hold our festival launch? We brought together festival participants for an evening of networking, music from Foxwood Panyard, a steel band, and talks from some of the year’s Heritage Open Days participants, including the Middleton Railway, Mark Silver of The Goth Trail, and Swarthmore Education Centre.
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03 Celebrating the city’s rhubarb
history and its pioneer Joseph Whitwell at Holly Bush Farm in Kirkstall
- 04 Leeds Civic Trust was one of a number of sponsors of “the Waste Shark” – a remotecontrolled waste disposal system that patrolled our waterways collecting rubbish during 2024
The year’s festival not only highlighted the city’s valuable heritage but also supported community engagement and creativity. The event’s ability to evolve and grow each year reflects the ongoing relevance of heritage as a source of connection, inspiration, and pride in our city. Thank you, as always, to our wonderful Heritage Open Days team for their continued work and coordination.
- 02 The Lifting Tower opened as a museum celebrating the rail heritage of Wellington Place. It was also on the Leeds BID’s “monopoly board” and the location for our Heritage Open Days launch
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Annual Review 2024
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PROUD TO SUPPORT
LEEDS CIVIC TRUST
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0113 201 8899 / RUSHBOND.CO.UK
Charlty reglstrailon number 1014362 IEn8land and Wales) LEEDS CIVIC TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
LEEDS CIVIC TRUST CONTENTS Page Trustees, report Independent examiner's report Statement of flnancial activitles Balance sheet Statement of cash flows Notes to the flnancial statements 10-22
LEEDS CIVIC TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST2024 The Trustees present Iheir annual report and financial statemenls for the year ended 31 August 2024. The financial statements have been prepared In accordance with Ihe accounting policie5 set out in note I to the flnanclal Statements and comply with the Charitrf5 governing document. the Charities Act 2011, FRS 102 'The Financlal Reportlng Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'Ac¢ountln8 and Reportlng by Charitie5'. Statement of Recommended Practlce opplicable to charlties Pfeparing thelr accounts in accordance wlth the Financial Reportlng Standard applloble In the UK and Republic of Ireland IFRS 1021" Objecilve5 and actlvltles The oblectlves and alms of the charity are as follows.. al to stlmulate public interest In and care for the beauty, hlstory and heritage of the Clty of Leed5 and locallty, bl to encourage hi8h quallty sustainable development and promote standards of sustainable urban desl8n, archltecture, and lown plannlng, cl lo encourage the judicious preservation. development, and improvement of features of general public amenitv. dl to advance appreciation of a people friendly environment, and promote ways of improving the environment within Leeds, Including Rreen and public spaces, waterways, and sustainable transpofl, el to promote and or8anise (operatIOn In the achievement of these objectives. Publlc benelit Wlth reference to the duty In section 17151 of the Charlties Act 2011, the trustees conflrm that they have referred to the Charlly CommSsslon's guldanee on publlc beneflt when reviewlng the charlty's alms and oblectlves and In plannlng its current and future activities. The achievements and activities outlined in thls report demonstrate the publlc benefit arising from the charity'5 activities. Achlewements and performance Once ?8ain, thls has proven to be a particularly busy year for the Trust, Herltuqe and Culture We achleved oijr long held ambition to restore ihe Bear Plt. This structure. whlch was purchased by Leeds Civlc Trust In the late 1960$, has been restored and lands¢aped and is once again an asset for the local community. We are Considering how besl we can maximise access and engagement with this important relic of Victorian Leeds. Our Hi5torlc 81ue Plaques scheme has been operatlng for nearly 40 years and thls year we unveiled our 200th plaque. We are mindful thal the blue plaque scheme is the Trust's "shop front" and through a rl8orous process of nominatlon and selectlon we alm to reflect the dlverse nature of the clvs past- whlch increasingly includes 20th century sublecls. We are Increasingly able lo "wrap around" events and other inltlatives to increase impart and enrich our exlstlng partnershlps. This year, for example, we unveiled a plaque for the man who introduced the Monopoly Board game to the UK with the "Monopoly Take Over" Initiative organised by the Leeds Business Improvement District animating the streets of Leeds with characters from Ihe monopoly board game thus encouraging greater footfall in the city centre. Our 200th plaque was for the founder of the Northern School of Contemporary Dance, Nadlne Senlor. This was the centrepiece of a much bigger celebratlon at the school whlch Included a dance show. We seek sponsorshlp for all of our Blue Plaque5 and have also seen increased engagement by members of the publit at L¢nvellings. This in turn has made crowdfunding initiative5 vlable as a way of meeting the costs of plaque production. Our co-ordination of Heritage Open Day5 continued io grow in impact. Over 100 events showcased the city's herltage and cutture and we were particularly pleased to offer Small grant5 to organi5ations. many of whom had not prevlously been involved in the festival.
LEEDS CIVIC TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Sculpture undpublic ort Following the successful unveS1ing of the "Hibi5CU5 Rising. sculpture last year. this year saw the unvelllng by Rachel Reeves MP of a new sculpture celebratSng women in Leèds. We were one of the sponsors for this artwork (called Rlbbons artd designed by a formei Trustee Plppa Halel and was another example of the Trust's Increasing focus on the cultural life of the citv. Herltage 8ulldlngs Our Horit3ge Watch Group gained a new chair (Clare Chapmanl and continued to keep a watchful eye on the city's heritage bullt envlronment. We were concerned about the collapse of importani buildin85 on Kirk8ate and pressed for thelr speedy iepalr. We were heartened by the outcome of conversat6ons wlth the new owners of the ft)rmer 8urton's slte who agreed wlth us on the Importance of retalnlng some of the original facades of thls Iconlc Leed5 factory a5 Part of their mixed use residential and buslness scheme, The retention of another key asset (the former Tetley HQ) and its orlglnal fittings was also on our agenda. Publlc Transport ondmoss Tronslt We supported the announcement that bus Iranchlsin8 would be introduced in West Yorkshlre and were pleased to See that our on-8olng dialogue wlth the West Yorkshire Comblned Authorlty had produced Inltlal proposals for Ihe flrst mass transit routes that were sympathellc to our own thoughts on the Issue. Plunnlng and Development We conllnue to devote ? considerable amount of our time to planning and development issues. A particular theme emerBlng Is the retroflt and relmaglninB of clty centre shopplng centres. We have en8aged with developers to push for the very best In SUStalnable design. We continue to see tall buildlngs dominate the city centre skyline and our plannlng committee continue5 lo press for the best posslble deslgns for these promlnent structures. We played a leadlng role In the relaunch of the Leed5 Architerture Awards whlch was held to a sell out audlence at the Howard Assembly roorn. We were pariners In the revival of the 4 x 4 debates organised by the Leeds Soclety of Archltect$ providing several speakers. The first substantive project for our photography group was the digitisin8 and interpretation of a collection of unlque photograph5 chartSng the development of the aty's waterfront area during the perlod of Ihe Leeds Development Cofporation. Thls Inltlative allowed us to reflect on the Smpact of the Trust In relation to development In past decades. Events We offered events, discussions and guided walks which were open to all-comers. They are nonetheless an important link with OUT membership Ilncluding our corporate mernbersl and deal with Important aspe¢ts of the past, present and future of the city. Communlty Engagement We launched our second grant5 scheme wlth Leeds Communlty Foundation focusln8 on "prlde in place.. Through Ihls scheme, we aim to reach communities and groups that have not engèged previously with the Trust and to build longer term relationships. This is a significant investment for the Trust and one which we are keen to capitalise on. Volunteerlng Volunteers are the bedrock of the Trusts work and support the delivery of our charltable objects. We have fevamped our website to provide h more welcoming and accesslble entry point for those Interested In getting more Involved in the Trust. We have sl8niflcantly Increased our social media presence and profile in the last 12 months. This has resulted in 58 new volunteers reÈistÈrinR with the Trust sir¢ce I january 2024. Flnanc131 revlew Ourin8 the year, the Income lotalled £601,80212023: £739,393) agalnst expenditure of £310,03712023- £345.4111. The charity also recoBnlsed gains on investments of £53,48412023: loss of £76.6771 leading to an overall surplus for the year of £345.24912023.. £317.3051,
LEEDS CIVIC TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Reserves policy The Trustees revlewed the reserves policy and reaffirmed the pollcy to malntsin free reserves, which are unrestrlcted 8eneTal funds excludlng tanglble fixed assets, at è level sufficient to cover charitable and 5UPPOrt COSt5 for a mlnimum of three years. this being a level to enable continuance of the Charity's current activities in the event of a slgnlflcant decllne in Income, and whllst alternate income sources were sought. In addition, the principle has been adopted that free reserves in excess of this level will be spent over the lifetime of its ¢urTent operational strategy- The Trust Vision 2020-2025 in Support of the Charily's objectives. Trustees have agreed lo renew thi5 document for a further five years to operate 8long5ide a strategy which will Identlfy some key activities and Inltlatives for Ihe future. This strategy docLEment wlll come Into operatlon in 2025. The TrLt5tees are thu5 5atlsfled that Current free reserves of £1.412.552 ère sufficient and will contlnue to revlew the pollcy having regard to flnanclal clrcumstances and opportunlties to further the Charity's oblectlves. Mlndful of the need to create a lastlng legacy for the Trust. Trustees have decided to earmark 30% royalty income to Support the long term sustainability of the organisation. At least 50% of the money will be invested in a "resilience investment fund" managed by our investment managers Inltially for 8rowth but ultlmately to provlde an Income for the Trust to hedge against Ihe long term decllne In royalty Income. Up to 50% of ihe sum will be used to establish new or 5UPPOrt exlstln8restrlcted funds whlch wlll be used to support the long term vlabllity of the Trust. Trustees are also consclous that Income from other sources has dedlned as a percentage of our overall income. We wlll address this by aimln8 to attract new members Iparti¢ularly from the corporate sectorl and will look at grant fundlng to support our work where appropriate. The outcome of our strate8y revlew will Identlfy new areas for Investment but thls is Ilkely to focus on the followln8 investment actlvltles.. Further investment In 5taffln8 Includlng the fundln8 of a Conseyvatlon Offlcer embedded within the Trust In partnership wSth Leeds aty Councll A further grants scheme building on the successful initiative we have run with the Leeds Community Foundation A decision on the Trust's current prernises and the need to provlde a modern workln8 environment for its staff members and volunteers Potentlal Investment (directly or indirectly) Sn herltage real estate primarily through grant ald Iwlth the potentlal for a modest return on Investmentl Attracting external income as a means of growing the Trust's actlvlty Ibut with an awareness of the potentlal requirement for match funding) Princlpolfundlng sources The Tru5t'5 income contlnues to come from a combinallon of membershlp subscriptions, Investment income generated from reserves and royalty Income. After a significant surplus generated In the previous generation year due to tlmlng of royalty recelpts. Ihis year has tUrned to the e5tabli5hed pattern. Through dlalogue with the company who manages the royalties, we were able lo gain a better understandin8 of the future of this income source and wele reassured that we could expect to continue to receive significani funds into the futLFre. We are nonetheless consclous that we need to guard against over-rellance on thls income source and to ensure that this funding source provides a long term legacy for the Trust. Our new thlrbklng on this is outllned below.
LEEDS CIVIC TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Investmentpolicy James Hambro & Partners were appointed as the Trust, principal Investment managers for the organlsation's Investments In February 2024 following a competitlve selection process. The process of transferring investments In cash or in specie was largely completed by Augurt 2024 at whlch point the portfollo was re5tfuctured. The portfolio ho5 been conslructed as a balanced portFolio responding to a risk profile and investment objectives agreed bv Trustees.. That Invested capital Increases at least in line with inflation over the long term That an Incomels unllkely to be requlred at less than 12 month notice. $0 all Intome should be re.invest8d Greater volati1Sty Sn capital Is acceptable to achleve an enhanced return Access lo capital will not be required in the short term The main chan8es in the portfollo compared wlth the previous investment managersls greater exposure to global equities, wlth a target exposure of 55% of the overall portfolio. Most of the Investment gain5 reported thls year took place under the auspltes of the prevlous Investment managers, but thls posltlve trend continued up to the end of the flnanclal year. Structurei 8overnance and management The Charity is a Charitable Incorporated Organlsation and 15 controlled by its governlng document, a constltution. The Board of Trustee5 15 known as the Councll. The Covncll Is the governing body of the charlty. The Coun¢ll meets regularly and there are sub committees whSch meet regularly. Ihe Director manages day to day operations of the charlty and reports lo the Council. The Trustees who served durlng the year and up to the date of slgnature of the financlal ststements were: I Strover Ichalrl M A Plet Ivlce-chalrl R Solyom (Treasurer) J Brettell A Stowe L Moore C M C St Arroman C Stead JDPlke RJVosS H E Beard J E faylor Inductlon and troining of new council members (frustees) New members of Council are Subject to an inductlon procedure by the Director. io brlef them on their legal responslbllltles under charities law and the organisatlonal structure and decision-makin8 process of the charity. Policyfor remunerotlon of key managementpersonnel The Charity maintains a Pay Award5 Policy, which outlines the process through which pay rates are Set and amended. Pav awards are decided through a recommendation of the Charity's Finance and General Purposes Committee to the Council and are usually decided by vote of coundl at an annual meeting.
LEEDS CIVIC TRUST TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 The trustees, report was approved by ihe Board of Trustees. J Strover (Chalrl Trustee Date:
LEEDS CIVIC TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEEDS CIVIC TRUST I report to the TTustee5 on my examlnatlon of the financial statements of Leeds Clvlc Trust Ithe Charitvl for the year ended 31 August 2024. Respon$ibllStl¢s and basls of report As the Trustee5 of the Charity you are responsible for the preparatlon of the financial statements in a¢cordance wlth the requlrements of the Charlties Act 2011. I repoit in respect of my examination of the Charity's financial statements carried out under section 145 of the CharltSes Act 2011. In tarrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examiner's stalement Slnce the Charity's gfOSS Income exceeded E250,000. the Independent examlner must be a rnernber of a body listed In sectSon 145 of the Charlties A¢t 2011. 1 confirm that l am qualified to undertake the examination because l am a member of the Assoclation of Chartered Cèrtified Accountanls. which is one of Ihe11sted bodles. Your attentlon Is drawn to the fact that the charlty has prepared the financial statements in accordance wSth the relevant version of the Statement Df Recommended Practice applicable to charltles preparing Ihelr flnanclal statements In accordance wlth the Flnancial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 In preference to the Accountlng and Reportlng by Charltles.. Statement of Recommended Practice 15sued on l Aprll 2005 which 15 referred io In the extant regulations but has now been wlthdrawn. l understand that this has been done In order for the financlal statements to provlde true and falr vlew In accordance with UK Generally Accepted Accounting Practice. I have completed my examinatSon. I confirm that no matters have corne to my attentlon In connertlon wlth the examination glvlng me cause to believe that In any material respect: accounting records were not kept in respect of the Charlty as required by sectlon 130 of the Charlties Act 2011, the f1nancial statements do not accord wlth those records; or the flnanclal statements do not compty wlth the applicable requlrements concernlng the form and content of flnanciil statements set out in the Charities IA¢¢ounts and Reports) Regulations 2CK18 other than any requirement that the fingntial statements give a true and fair view, which is not a matter considered as part of an Independent examinalion. I have no concerns and have come acros5 no other matters In connection with the examinarlon to whlch attentlon should be drawn in this report In order to enable a proper unde¥stsndinE of the ftnanclal statement5 to be reached. Emma Houghton IFCCAI Sedulo London LlmSted Office 605 Albert House 256- 260 Old Street London ECIV9DD Unlted Kln dom Date..
LEEDS CIVIC TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 Unrestrlcted funds 2024 Uniestflrted funds 2023 Notes Income from.. Oonatlons and legacies Charitable activities Other trading 3ttivities Inve5tment5 576.279 3,329 10,808 11,386 728,239 3,245 7,851 58 Total Income 601,802 739,393 Expendlture on: Raising fund5 Charitable a¢tivitles 8,946 3C#),839 13.216 332,195 Total expendlture 309,785 345,411 Net 8aln51llossesl on Investments 53,484 176.6771 Net income and movement In funds 345,501 317,305 Re¢onclllatlon of funds: Fund balances at I September 2023 1,424.8(N) 1.107,495 Fund balances at 31 Au8llSt 2024 1,770,301 1,424,800 The statement of flnanclal activitie5 indudes all gains and losses recognised In the year. All Income and expendlture derlve from contlnulng activlties.
LEEDS CIVIC TRUST BALANCE SHEET ASAT31 AUGUST2024 2024 2023 Noles Flxed assets Tangible a55ets Heritage assets Investments 14 15 16 306,774 50.976 865,734 137,919 793 812,250 1,223,484 950,962 Current assels Stocks Debtors Cash at bank and In hand 17 3,534 6.465 592.224 3,558 13,996 471,142 18 602,223 155,4061 488,696 114,8581 Crodltor5: amounts fallln8 due wlthln one year 19 Net current assels 546,817 473,838 Total assets less curfent liabi1S1i05 1.770,301 1,424,800 The fund5 of the Charlty Unrestrlcted funds 20 1,770,301 1.424,800 1.770,301 1,424,800 The flnancial statement5 were approved by the Trustees on . J Strover (Chairl Trustee om easurer Trustee
LEEDS CIVIC TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED31 AUGUST2024 2024 2023 Notes Cash flows from operatlng actlvltles Cash generated from operations 14 335,503 416,583 1ThS11n8 actlvltles Purchase of tanglble flxed assets Restoratlon of heritage asset5 Investment income recelved 117S,6241 150.1831 11,386 11,3241 58 Net cash used In InvestSnB actSvltles 1214,4211 11,2661 Net ¢ash 8enerated Irom financing actlvities Net Increase In rash and $h equlvalents 121,082 415,317 Cash and cash equivalents at beginning of year 471,142 55,825 Cash and cash equl¥alents at end of year 592,224 471,142
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 AUGUST2024 Accountlng pollcles Charlty information Leed5 Civic Trust is a CharStable Incorporated Organisation. established on 25 May 2021. 1.1 Accountlng convention The financial statements have been prepared in accordance with the Charity'$ governing document, the Charities Act 2011, FR$ 102 "The Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland" and the Charitles SORP "Accountlng and Reportlng by Charitles: Statement of Recommended Practice applicable to charitles preparln8 thelr accounts in accordance with the Financial Reportlng Standard applltable In the UK and Republic of Ireland IFRS 1021" The Charlty Is a Public Beneflt Entlty as deflned by FRS 102. The flnanclal ststements have departed from the Charltles IA¢counts and Reports) Regulations 2008 only to the extent required to provide a true and fair vw. This departure has Involved following the Statement of Recommended Practice for charities applylng FRS 102 rather than the version of the Statement of Recommended Practlce whlch Is referred to In the Regulatlons but whlch has slnce been withdrawn. The flnanclal statements are prepared In sterllng. whlch Is the functional currency of the Charity. Monetary amounts In these financlal statements are rounded to the neaTe5t £. The financlal statements have been prepared under the historical cost convention. The prlnclpal accountlng pollcles adopted are set out below. 1.2 Goln8 concern At the time of approving the financial statements, the Trustees have a 8$Onable expeclation that the Charily has adequate resources to contlnue In operational existence for the foreseeable future, Thu5 the Trustees contlnue to adopt the going concern basls of accountlng In preparSng the flnanclal statements. 1.3 Charltable funds Unrestrlcted funds are available for use at the discretion of the Trustees In furtherance of their charltable objectives. Desl8nated funds comprise unrestrlcted funds that have been set a51de by the Councll for partlcular purpose5. The purposes and uses of the desl6nated funds are Set out In the note5 to the flnanclal statements. Rèstricted funds are subject to specific conditions by donors or grantors as to ht)w they may be used. 1.4 Income Income Is recogn15ed when the Charity Is legalfy entitled to It after any perfom)ance conditions have been met, the amounts can be measured rellably, and it Is probable that income wlll be recelved. Cash donatlons are recognised on receipt. Other donations are recognlsed once the Charlty has been notlfled of the donation, unless performance conditions require deferral of ihe amount. Legacle5 are recogni5ed on receipt or otherwlse if the Charity has been notified of an impending distrib(Jtion. the amount 15 known, and receipt is expetted. If the amount 15 not known, the legacy is treated as a contlngent asset. io-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 Accounllng FlIcleS Icontlnuedl 1.5 Expenditure Expenditure is recognlsed once there Is a legal or constructlve obllgatlon to transfer economlc beneflt to a thlrd party, It is probable that a tnnsfer of economic benefits will be reqUId in settlement. and the amount of the obligation can be measured reliably. Expenditurels classSfied by activlty. The costs of each actlvity afe made up of the total of dlrect C05t5 and shared cosls, Includlng 5UPPOrt Costs Involved In undertaking each actNity. Direct costs attrlbutable to a single actlvSty are allocated directly to that activlty. Shared costs whlch contrlbute to more than one activlty and support costs which are not attributable to a single attivity are apportloned beiween thosè attivitles on a basis consistent with the use of iesourtes. Central staff cos15 are allocated on the basis of time spen¢ and depre¢iation tharges are allocated on the portion of the asset's use. 1.6 T8nclble flxed asset5 Tangible fixed assets are initially measured at cost and wb5equently measured at cost or valuatlon, net of depreciation and any Impairment1055es. Depreclatlun Is reeogni5ed 50 a5 lo wrlte off the w5l or valuatlon Of assets less thelr resldual values over thelr useful Ilves on the followlng bases: Pfoperty Improvement5 Equlpment Furnlture 5% on cost 50% on cost 20% on cost The galn or1055 arising on the disposal of an asset is determined as the difference belween the sale proceeds and the carrylng value of the asset, and is reco8n15ed In Ihe statement of flnancial actlvltie5. No depreclatlon Is provSded on freehold bulldings as the councll consider any charge for the year and any accumulated depreciation, after takln8 account of the estimated resldual value, to be Immaterial. Recent Improvements to property ère beln8 depreclated wlth effect from I September 2015 over a period of 20 years. 1.7 Nerltage a5set5 Tan8ible or int3ngible asset5 With historical, artistlc or cultural qualltles that are held and maintslned princlpally for their contribution to knowledge and culture are classified as hefltage assets. Heritage assets that are purchased are recognised and held at the cost of acqulsltion wlth any subsequent additlons also recognised at the Gost, Heritage assets donated to the £harity are Tecognised inltially at their falr value, est5mated by reference to recent market transactions or binding sale agreements between knowledgeable, wllllng partles In an arm's length transactlon. The charity has not adopted a policy of revaluation in respect of heritage a55etS. 11
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 AUGusf2024 Accounilng pollcles Icontlnuedl 1.8 Flxed asset Investments All quoted investments are shown in the Balance Sheet at market value. Glfted Investments are Introduced into the Balante Sheet at thelr market value at the time of donation. Realised 6aln5 and losses Comprlse the surplus or deficit arising from the disposal proceeds (less costs) of Investments sold durlng the year over the market value at the end of the previous year or. If purchased durlng the year, over thelr cost. Unreallsed galns and losse5 represent., (al for investment5 held throughout the year the difference between thelr mèrket values at the start and end of the year, or Ibl for Investments purchased during the year and held ot the end of the year the dlffÈrence between the purchase cost and market value at the end of the year. 1.9 Impalrment of flmed assets At each reporting end date, the Charity revlews the carrying amounts of its tangible assets to determlne whether there Is any indicatlon that those assets have suffered an Impairment loss. If any such Indlcatlon exlsts. the recoverable amount of the asset Is estlmated in order to determlne the extent of the Impalrment loss Ilf any). 1.10 Stocks Stocks are valued ai the lower of cost and net reallsable value, after makin8 due allowance for obsolete and slow movlng Items. Net ieallsable value is the estlmated sellln8 prlce less all estlmated costs of completlon and costs to be incurred In marketlng, selllng and dlstributlon. 1.11 Cash and 5h equlval•nts Cash and cash equlvalents include cash In hand, deposlts held at call wlth banks, other short-term 1Squid investments with orlglnal maturlties of three months or less. and bank overdrafts. Bank overdrafts afe shown within borrowlngs In current liabilities. 1.12 Flnanclal Instruments The Charity has elected to apply the provislons of Section 11 'Basic Flnancial Instruments. and Section 12 '0ther Flnanclal Instruments155ues' of FRS 102 to all of its financial instruments. Flnancial instruments are recognlsed in the Charity's balance Sheet when ihe Charlty becomes party to the contractual provision5 of the instrument. Financl81 assets and liabilities are offset. with the net amounts presented In the flnancial statements, when there Is a legally enforceable right to sel off the reco8nised amounts and there is an intention to settle on a net bas15 or to reallse the asset and settle the liability simultaneouslv. Ba51cflnanclal t755etS Basic financial assets. whlch include debtors and cash and bank balances. are inltially measured at transaction prlce Including transactlon costs and are wbsequently carried at amortised cost using the effective interest method unles5 the arrangement constitutes a financing transaction. where the transaction 15 measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 12-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Accountlng pollcles (Contlnuedl Bosl¢llnon¢lal Ilabllltles Basic financial liabilities. including creditors and bank loans are Initially recognised at transaction price unless the arrangement constitutes a financing transadion, where the debt Instrument Is me3sured at the present value of the future payments discounted at a market rate of Interest. Flnancial liabilitie5 classified as payable withln olle year are not amortised. Debt Instruments are subseqLtently carrled at amortlsed cost. using the effectlve Interest rate method. Trade creditors are obligations to pay for goods or servi¢es that have been acouired in the ordinary course of operations from suppliers. Amount5 payable are classifled as Current Ilabillties if payment is due within one year or less. If not, they are presented as non-current liabilitles. Tiade creditor5 are recognised initially at transactlon prlce and subsequentlv measured at amortlsed cost Using the effective inleresl method. Derecognltlon olllnanclal Ilabllltle5 Financlal Ilabllltles are dere.co8nised when the Charitls contractual obllgatlons explre or are dls¢har8ed or cancelled, 1.13 Employèe benèfits The cost of any unused hollday entltlement Is reco8nlsed In the perlod in which the employee'5 services are receivèd. Terminatlon benefits are recognlsed Immedlately as an expense when the Charity is demonstrably committed to termlnate the employment of an employee or to provlde temlnatlon benefits. 1.14 Retlrement benellt5 Payments to deflned contribution retirement beneflt schemes are chaf8ed as an expense as they fall due. 1.15 Leases Rentals payable under operatln8 leases. Including any lease Incentlves recelved, are charged as an expense on a straight line basls over the term of ihe relevant lease, Income from donatlons and legacies Unre5trl¢ted funds 2024 Unrestrlcted funds 2023 Donatlons Bequests Subscriptlons Royalties 1,532 2.204 38,000 33,702 654,333 39,635 535,112 576,279 728,239 13-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Income from charltsble actlvliles Unrestrlcted funds 2024 Vnrestrlcted lunds 2023 Actlvltles dlrectly supportlng the tharlty's oblectSves Event Income 3,329 3,245 Income from other tradlng artlvltle5 Unf•stricted funds 2024 Unrèstrlc¢ed funds 2023 Blue plaque Scheme Annual report odvertlsln8 Other income Publlcallons and shop income 5,100 4,900 loo 708 780 6,250 270 551 Other tradlng artlvltles 10,808 7,851 Income from Investments Unrestrlcted funds 2024 Unrestrlcted tunds 2023 Interest recelvable 11,386 58 Expendlture on ra151ng funds Unrestrlcted lunds 2024 Unrèstricted funds 2023 Tradlng costs Annu31 report COStS Blue plaque scheme costs Publlcations and shop costs 2,773 6,099 74 2,902 6,387 3,927 8,946 13.216 14-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Expendlture on charltable actlvltle5 A¢tlvStles directly supportlng the (harliys obJectlve5 2024 Actlvlties directly supportln£ the charlty's objectlves 2023 Dlre¢t cosls staff costs Depreclatlon and impairment Postage, statlonery and other office expen5e5 Planning Ilsts and journals Subscrlptions and internet Event costs 8ear Pit repairs Conference cos15 Take a Seat prolect Leed5 Project Fund Leeds Archltecture Awards Llveable Leed5 prolect Art Competitlon c05tS Leeds Developmenl Corporation project Leeds Community Foundatlon 8rant expenses 207.724 6,769 34,770 173,717 6,407 28,286 298 1,880 17,197 2,532 11,0001 1,370 9,740 2,370 17.779 1,773 221 2.923 568 I,ioi 1,044 9,473 1,773 277.042 251.673 Grant funding of actlvitles Isee note Bl 7,824 61,430 Share ot support and Kovernance costs {se* not• 9) Support 15,973 19,092 300,839 332.195 Analysls by fund Unrestrlcted funds 300.839 332.195 Granis payable Grants are awarded to organi5ations and individuals following approval of formal appllcatlon, from reserve funds created for these purposes, where the proposed use is in keeping with the ¢harity's aims and objectives. Monltorlng of the grants process Is by a committee delegated by the Trustees and all awards are agreed by CoLtncil. No support costs have been alloeated against the amounts so awarded. One grant was awarded during the year to the Leeds Community Foundation totalling £7.824. Si8niflcant grants were awarded during the prior year which included a Brant to Leeds Community Foundation of É58.824. 15-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Suppoit costs allocated to actlvltles 2024 2023 Transactlon charyes Wharf St e5tabllshment Costs Governance costs 324 12,949 2,700 420 15,924 2,748 15,973 19,092 Analysed betw¢en: Activities direcily supporting the charity's objectives 15,973 19,092 10 Net movement In lunds 2024 2023 The net movement in funds Is stated after chargingllcrediting): Fees payable for the independent examination of the charity's flnancial statements Depre¢latlon of owned tanglble Ilxed a55et5 2,700 6,769 2,748 6,407 11 Trustees There were no trustee5' remuneration or other beneflts for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees, expenses Trustee expenses of £4 were paid to one trustee in the year12023'. £nlll. 12 Employees The average monthly number of employee5 durlng the year was". 2024 Number 2023 Numbor Admlnlstration staff Employment cosls Z024 1023 Wage5 and salaries Soclal security C05tS other penslon costs 173.853 12,878 20,993 154,276 14,208 5,233 207.724 173,717 16-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 12 Employees (Contlnuedl The number of employee5 whose annual remuneration was more than £60.000 is as follows.. 2024 Number 2023 Number £60,001- £70,000 £70,001- £80,000 Remuneratlon of key management personnel The Key Management Personnel In the year ended 31 Au8u512024 and year ended 31 August 2023 were the Dlrector and Board of Tffustees. The total amount of employee beneflts Ilncludlng employer's national Insurance and penslons contributions) received by Key Management Personnel was.. 2024 20Z3 Aggre8ate compensatlon 84,295 78,465 13 TaKatlon The Charlty is exempt from taxation on its artivities because all its income is applied for charitable purposes. 14 Thnglble flxed assets Ffeehold land prOrty and bulldlnAs lffprovtments Equlpment Furnliure Total Cost At I September 2023 Addltlons 98.616 54,520 172,552 47,736 3,072 13,5ThJ 214,372 175,624 At 31 August 2024 98.616 227,072 50,808 13,5 389,996 Depreclatlon and Impalrment Al I September 2023 Depreciation charged In the year 20.840 4.164 42.469 2.249 13,144 356 76,4S3 6,769 At 31 August 2024 25,004 44,718 13,500 83,222 CarTying amount At 31 August 2024 98,616 202.068 6,090 306,774 At 31 August 2023 98,616 33.680 5.267 356 137,919 17
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGusf2024 15 HerltaBe assets At I September 2023 Renovations 793 50,183 At 31 August 2024 50.976 The balance held as herltage assets relates to the Headingley Bear Pit. Thls asset was prevlously classlfled as freehold property but has been reclasslfled as a heritage asset as it is considered that the primary purpose for holdlng Is Its hlstorlcal and tultur31 value. Renovations were made to the asset in ihe year ended 31 Au8USt 2024 and have been recognised al cost. There have been no addltions. dlsposals or Impalrments to the Headlngley Bear Plt In the last 5 years other than the renovatlons shown In the schedule above. 16 FIKed #ss•t investménts L15ted Investments Cost or valuatlon At I September 2023 Change in market value 812,2SO 53,484 At 31 August 2024 865,734 Carrylng amount At 31 Augus12024 865,734 At 31 August 2023 812,250 The hlstorlc cost of Investment assets 15 E827.WO12023: £827.0001. Materlal Inve5tment5 Quoted investrnenls inclLEde the followlng funds whlch each amount to greater than 5% of the total portfollo as follows: Sshares USS Treasury 3-7yfs UK Treasury Sto¢k10.875%) £62,208 E50.913 2023: Troy Trojan Ethital Veritas Global Real Returri £44.954 £46,494 18-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGusf2024 17 Stocl(s 20Z4 2023 Publlcation5 and shop stock 3,534 3,558 18 Debtors 2024 2023 Amounts lalllng due wlthln one year: Subscrlptlon debtor5 Other debtors Prepayments and accrued income 4,237 138 2,090 4,709 7,292 1.99S 6,465 13.996 19 Credltors: amounts falllni due wlthln one year 2024 2023 Other taxatlon and so¢lal securlty Other creditors Accruals and deferred income 4,723 16,304 34,379 4,253 2,478 8.127 55,406 14,858 20 Unre51rlrted funds The unrestricted fund5 of the charlty comprlse the unexpended balances of donatlons and grants whlch are not subject to specific condition5 by donors and grantors as to how they rnay be used. These include designated funds whlch have been set aslde out of unrestrlcted fLtnds by the trustee5 for speclflc purposes. At I September 2023 Incomlni resources Resources expended TransfersGalns and losses AI 31 Au8USt 2024 Bear Plt Fund Blue Plaque Fund Leeds Proje¢t Fund Snaith Award Heritage Bulldin85 Fund General funds 247.768 3.232 1222,7681 1.769 25.000 4.955 1461 11.373 1,0 111.3731 1.000 200.000 32.372 2,000 1.539.346 1.161.427 601.802 1309.7391 53,484 1,424.800 601,802 1309.7851 53,484 1.770,301 19-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 20 Unrestrlcled funds Icontlnuedl Prevlous yeai: At I September 2022 Incomlng resources Resources expended TranslersGalns and losses Al 31 Atsgust 2023 Bear Pil Fund Blue plaque Fund Leeds Proje¢t Fund Snalth Award General funds 29.116 6.725 12.2321 13.4931 220,884 247,768 3.232 21,482 1.000 1.049.172 110.1091 11,373 1,000 1,161,427 739.393 1329,5771 1220.8841 176,6771 1,107.495 739,393 1345,4111 176,6771 1,424,800 The 8ear Pit Fund is to be used for its maintenance and improvement. The fund was increased in 2022123 followin8 Councll's approval of plarbs lo repair and renovate the 8ear Plt, and to Improve safety and access thereto to enable It to be opened up as a Clvl¢ landmark. Followlng the completlon of these works in 2023124 thls fund has been redu¢ed to £25,t)00 whlch the tru5tee5 consider an appropriate amount to cover any potential future addltlonal repair5, The Blue Plaques Malntenance Fund Is to be used to meet future malntenance c05t5 of the Blue Plaques Scheme. The Leeds Project Fund was used to support proSects by external or8anisatlons that further the oblectlves of the Charity and benefit Leeds as a whole, Thls project has now ended and the fund has been closed. The Herltage 6uSldlngs Fund is a new fund that has been established to support the restoralion of heritsge buildlng5 elther through grant ald to third partles or through dlrecl expendlture by the Charlty. 21 Analy515 of net assets between lunds Unrestrlcted fund5 2024 At 31 August 2024.. Tangible assets Herltage asset5 Investments Current asset511liabilitiesl 306,774 50,976 865,734 546,817 1,770,301 -20-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FQR THE YEAR EIVDED 31 AUGusf2024 21 Analysls of net asset5 belween lunds Icontlnued) Uniestrlrted funds 2023 AI 31 Au8USt 2023: Tanglble assets Herltage assets Investment5 Current assEtsllllabllltlesl 137.919 793 812,250 473,838 1,424,800 Z2 Operatln8 lease Commltments Les$¢¢ At the reporting end date the Charlty had outstanding commltments for future mlnlmum le?5e payments under non- Cancellable operalin8 leases, whlch lall due a5 follows: 2024 2013 Wlthln one year Between two and five years 1,184 296 1,184 1,480 1,480 2,664 23 Related party transartlons There were no dlsclosable related party transactlons durlng the year (2023 - none}. 21
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 24 Cash generated from operations 2024 2023 Surplus lor the year 345,501 317,305 Adlustments for: Investment Income recognlsed In statement of flnancial actlvlties Fair value galns and losses on investments Depreciatlon and Impairment of tangible lixed assets 111,3861 153.4841 6,769 1581 76.677 6.407 Moveménts in vJorkln8 capital: Decrease In stocks Decrease In debtors Increase In credltors 24 7,531 40,548 3,878 8,941 3.433 Cash generated lrnm operatlons 335,503 416,583 25 Analysls of changes In net funds The Charlty had no material debt durln8 the year, -22-
Charlty reglstrailon number 1014362 IEn8land and Wales) LEEDS CIVIC TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
LEEDS CIVIC TRUST CONTENTS Page Trustees, report Independent examiner's report Statement of flnancial activitles Balance sheet Statement of cash flows Notes to the flnancial statements 10-22
LEEDS CIVIC TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST2024 The Trustees present Iheir annual report and financial statemenls for the year ended 31 August 2024. The financial statements have been prepared In accordance with Ihe accounting policie5 set out in note I to the flnanclal Statements and comply with the Charitrf5 governing document. the Charities Act 2011, FRS 102 'The Financlal Reportlng Standard applicable in the UK and Republic of Ireland" and the Charities SORP 'Ac¢ountln8 and Reportlng by Charitie5'. Statement of Recommended Practlce opplicable to charlties Pfeparing thelr accounts in accordance wlth the Financial Reportlng Standard applloble In the UK and Republic of Ireland IFRS 1021" Objecilve5 and actlvltles The oblectlves and alms of the charity are as follows.. al to stlmulate public interest In and care for the beauty, hlstory and heritage of the Clty of Leed5 and locallty, bl to encourage hi8h quallty sustainable development and promote standards of sustainable urban desl8n, archltecture, and lown plannlng, cl lo encourage the judicious preservation. development, and improvement of features of general public amenitv. dl to advance appreciation of a people friendly environment, and promote ways of improving the environment within Leeds, Including Rreen and public spaces, waterways, and sustainable transpofl, el to promote and or8anise (operatIOn In the achievement of these objectives. Publlc benelit Wlth reference to the duty In section 17151 of the Charlties Act 2011, the trustees conflrm that they have referred to the Charlly CommSsslon's guldanee on publlc beneflt when reviewlng the charlty's alms and oblectlves and In plannlng its current and future activities. The achievements and activities outlined in thls report demonstrate the publlc benefit arising from the charity'5 activities. Achlewements and performance Once ?8ain, thls has proven to be a particularly busy year for the Trust, Herltuqe and Culture We achleved oijr long held ambition to restore ihe Bear Plt. This structure. whlch was purchased by Leeds Civlc Trust In the late 1960$, has been restored and lands¢aped and is once again an asset for the local community. We are Considering how besl we can maximise access and engagement with this important relic of Victorian Leeds. Our Hi5torlc 81ue Plaques scheme has been operatlng for nearly 40 years and thls year we unveiled our 200th plaque. We are mindful thal the blue plaque scheme is the Trust's "shop front" and through a rl8orous process of nominatlon and selectlon we alm to reflect the dlverse nature of the clvs past- whlch increasingly includes 20th century sublecls. We are Increasingly able lo "wrap around" events and other inltlatives to increase impart and enrich our exlstlng partnershlps. This year, for example, we unveiled a plaque for the man who introduced the Monopoly Board game to the UK with the "Monopoly Take Over" Initiative organised by the Leeds Business Improvement District animating the streets of Leeds with characters from Ihe monopoly board game thus encouraging greater footfall in the city centre. Our 200th plaque was for the founder of the Northern School of Contemporary Dance, Nadlne Senlor. This was the centrepiece of a much bigger celebratlon at the school whlch Included a dance show. We seek sponsorshlp for all of our Blue Plaque5 and have also seen increased engagement by members of the publit at L¢nvellings. This in turn has made crowdfunding initiative5 vlable as a way of meeting the costs of plaque production. Our co-ordination of Heritage Open Day5 continued io grow in impact. Over 100 events showcased the city's herltage and cutture and we were particularly pleased to offer Small grant5 to organi5ations. many of whom had not prevlously been involved in the festival.
LEEDS CIVIC TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Sculpture undpublic ort Following the successful unveS1ing of the "Hibi5CU5 Rising. sculpture last year. this year saw the unvelllng by Rachel Reeves MP of a new sculpture celebratSng women in Leèds. We were one of the sponsors for this artwork (called Rlbbons artd designed by a formei Trustee Plppa Halel and was another example of the Trust's Increasing focus on the cultural life of the citv. Herltage 8ulldlngs Our Horit3ge Watch Group gained a new chair (Clare Chapmanl and continued to keep a watchful eye on the city's heritage bullt envlronment. We were concerned about the collapse of importani buildin85 on Kirk8ate and pressed for thelr speedy iepalr. We were heartened by the outcome of conversat6ons wlth the new owners of the ft)rmer 8urton's slte who agreed wlth us on the Importance of retalnlng some of the original facades of thls Iconlc Leed5 factory a5 Part of their mixed use residential and buslness scheme, The retention of another key asset (the former Tetley HQ) and its orlglnal fittings was also on our agenda. Publlc Transport ondmoss Tronslt We supported the announcement that bus Iranchlsin8 would be introduced in West Yorkshlre and were pleased to See that our on-8olng dialogue wlth the West Yorkshire Comblned Authorlty had produced Inltlal proposals for Ihe flrst mass transit routes that were sympathellc to our own thoughts on the Issue. Plunnlng and Development We conllnue to devote ? considerable amount of our time to planning and development issues. A particular theme emerBlng Is the retroflt and relmaglninB of clty centre shopplng centres. We have en8aged with developers to push for the very best In SUStalnable design. We continue to see tall buildlngs dominate the city centre skyline and our plannlng committee continue5 lo press for the best posslble deslgns for these promlnent structures. We played a leadlng role In the relaunch of the Leed5 Architerture Awards whlch was held to a sell out audlence at the Howard Assembly roorn. We were pariners In the revival of the 4 x 4 debates organised by the Leeds Soclety of Archltect$ providing several speakers. The first substantive project for our photography group was the digitisin8 and interpretation of a collection of unlque photograph5 chartSng the development of the aty's waterfront area during the perlod of Ihe Leeds Development Cofporation. Thls Inltlative allowed us to reflect on the Smpact of the Trust In relation to development In past decades. Events We offered events, discussions and guided walks which were open to all-comers. They are nonetheless an important link with OUT membership Ilncluding our corporate mernbersl and deal with Important aspe¢ts of the past, present and future of the city. Communlty Engagement We launched our second grant5 scheme wlth Leeds Communlty Foundation focusln8 on "prlde in place.. Through Ihls scheme, we aim to reach communities and groups that have not engèged previously with the Trust and to build longer term relationships. This is a significant investment for the Trust and one which we are keen to capitalise on. Volunteerlng Volunteers are the bedrock of the Trusts work and support the delivery of our charltable objects. We have fevamped our website to provide h more welcoming and accesslble entry point for those Interested In getting more Involved in the Trust. We have sl8niflcantly Increased our social media presence and profile in the last 12 months. This has resulted in 58 new volunteers reÈistÈrinR with the Trust sir¢ce I january 2024. Flnanc131 revlew Ourin8 the year, the Income lotalled £601,80212023: £739,393) agalnst expenditure of £310,03712023- £345.4111. The charity also recoBnlsed gains on investments of £53,48412023: loss of £76.6771 leading to an overall surplus for the year of £345.24912023.. £317.3051,
LEEDS CIVIC TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Reserves policy The Trustees revlewed the reserves policy and reaffirmed the pollcy to malntsin free reserves, which are unrestrlcted 8eneTal funds excludlng tanglble fixed assets, at è level sufficient to cover charitable and 5UPPOrt COSt5 for a mlnimum of three years. this being a level to enable continuance of the Charity's current activities in the event of a slgnlflcant decllne in Income, and whllst alternate income sources were sought. In addition, the principle has been adopted that free reserves in excess of this level will be spent over the lifetime of its ¢urTent operational strategy- The Trust Vision 2020-2025 in Support of the Charily's objectives. Trustees have agreed lo renew thi5 document for a further five years to operate 8long5ide a strategy which will Identlfy some key activities and Inltlatives for Ihe future. This strategy docLEment wlll come Into operatlon in 2025. The TrLt5tees are thu5 5atlsfled that Current free reserves of £1.412.552 ère sufficient and will contlnue to revlew the pollcy having regard to flnanclal clrcumstances and opportunlties to further the Charity's oblectlves. Mlndful of the need to create a lastlng legacy for the Trust. Trustees have decided to earmark 30% royalty income to Support the long term sustainability of the organisation. At least 50% of the money will be invested in a "resilience investment fund" managed by our investment managers Inltially for 8rowth but ultlmately to provlde an Income for the Trust to hedge against Ihe long term decllne In royalty Income. Up to 50% of ihe sum will be used to establish new or 5UPPOrt exlstln8restrlcted funds whlch wlll be used to support the long term vlabllity of the Trust. Trustees are also consclous that Income from other sources has dedlned as a percentage of our overall income. We wlll address this by aimln8 to attract new members Iparti¢ularly from the corporate sectorl and will look at grant fundlng to support our work where appropriate. The outcome of our strate8y revlew will Identlfy new areas for Investment but thls is Ilkely to focus on the followln8 investment actlvltles.. Further investment In 5taffln8 Includlng the fundln8 of a Conseyvatlon Offlcer embedded within the Trust In partnership wSth Leeds aty Councll A further grants scheme building on the successful initiative we have run with the Leeds Community Foundation A decision on the Trust's current prernises and the need to provlde a modern workln8 environment for its staff members and volunteers Potentlal Investment (directly or indirectly) Sn herltage real estate primarily through grant ald Iwlth the potentlal for a modest return on Investmentl Attracting external income as a means of growing the Trust's actlvlty Ibut with an awareness of the potentlal requirement for match funding) Princlpolfundlng sources The Tru5t'5 income contlnues to come from a combinallon of membershlp subscriptions, Investment income generated from reserves and royalty Income. After a significant surplus generated In the previous generation year due to tlmlng of royalty recelpts. Ihis year has tUrned to the e5tabli5hed pattern. Through dlalogue with the company who manages the royalties, we were able lo gain a better understandin8 of the future of this income source and wele reassured that we could expect to continue to receive significani funds into the futLFre. We are nonetheless consclous that we need to guard against over-rellance on thls income source and to ensure that this funding source provides a long term legacy for the Trust. Our new thlrbklng on this is outllned below.
LEEDS CIVIC TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Investmentpolicy James Hambro & Partners were appointed as the Trust, principal Investment managers for the organlsation's Investments In February 2024 following a competitlve selection process. The process of transferring investments In cash or in specie was largely completed by Augurt 2024 at whlch point the portfollo was re5tfuctured. The portfolio ho5 been conslructed as a balanced portFolio responding to a risk profile and investment objectives agreed bv Trustees.. That Invested capital Increases at least in line with inflation over the long term That an Incomels unllkely to be requlred at less than 12 month notice. $0 all Intome should be re.invest8d Greater volati1Sty Sn capital Is acceptable to achleve an enhanced return Access lo capital will not be required in the short term The main chan8es in the portfollo compared wlth the previous investment managersls greater exposure to global equities, wlth a target exposure of 55% of the overall portfolio. Most of the Investment gain5 reported thls year took place under the auspltes of the prevlous Investment managers, but thls posltlve trend continued up to the end of the flnanclal year. Structurei 8overnance and management The Charity is a Charitable Incorporated Organlsation and 15 controlled by its governlng document, a constltution. The Board of Trustee5 15 known as the Councll. The Covncll Is the governing body of the charlty. The Coun¢ll meets regularly and there are sub committees whSch meet regularly. Ihe Director manages day to day operations of the charlty and reports lo the Council. The Trustees who served durlng the year and up to the date of slgnature of the financlal ststements were: I Strover Ichalrl M A Plet Ivlce-chalrl R Solyom (Treasurer) J Brettell A Stowe L Moore C M C St Arroman C Stead JDPlke RJVosS H E Beard J E faylor Inductlon and troining of new council members (frustees) New members of Council are Subject to an inductlon procedure by the Director. io brlef them on their legal responslbllltles under charities law and the organisatlonal structure and decision-makin8 process of the charity. Policyfor remunerotlon of key managementpersonnel The Charity maintains a Pay Award5 Policy, which outlines the process through which pay rates are Set and amended. Pav awards are decided through a recommendation of the Charity's Finance and General Purposes Committee to the Council and are usually decided by vote of coundl at an annual meeting.
LEEDS CIVIC TRUST TRUSTEES, REPORT (CONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 The trustees, report was approved by ihe Board of Trustees. J Strover (Chalrl Trustee Date:
LEEDS CIVIC TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEEDS CIVIC TRUST I report to the TTustee5 on my examlnatlon of the financial statements of Leeds Clvlc Trust Ithe Charitvl for the year ended 31 August 2024. Respon$ibllStl¢s and basls of report As the Trustee5 of the Charity you are responsible for the preparatlon of the financial statements in a¢cordance wlth the requlrements of the Charlties Act 2011. I repoit in respect of my examination of the Charity's financial statements carried out under section 145 of the CharltSes Act 2011. In tarrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the Charities Act 2011. Independent examiner's stalement Slnce the Charity's gfOSS Income exceeded E250,000. the Independent examlner must be a rnernber of a body listed In sectSon 145 of the Charlties A¢t 2011. 1 confirm that l am qualified to undertake the examination because l am a member of the Assoclation of Chartered Cèrtified Accountanls. which is one of Ihe11sted bodles. Your attentlon Is drawn to the fact that the charlty has prepared the financial statements in accordance wSth the relevant version of the Statement Df Recommended Practice applicable to charltles preparing Ihelr flnanclal statements In accordance wlth the Flnancial Reportlng Standard applicable In the UK and Republic of Ireland IFRS 1021 In preference to the Accountlng and Reportlng by Charltles.. Statement of Recommended Practice 15sued on l Aprll 2005 which 15 referred io In the extant regulations but has now been wlthdrawn. l understand that this has been done In order for the financlal statements to provlde true and falr vlew In accordance with UK Generally Accepted Accounting Practice. I have completed my examinatSon. I confirm that no matters have corne to my attentlon In connertlon wlth the examination glvlng me cause to believe that In any material respect: accounting records were not kept in respect of the Charlty as required by sectlon 130 of the Charlties Act 2011, the f1nancial statements do not accord wlth those records; or the flnanclal statements do not compty wlth the applicable requlrements concernlng the form and content of flnanciil statements set out in the Charities IA¢¢ounts and Reports) Regulations 2CK18 other than any requirement that the fingntial statements give a true and fair view, which is not a matter considered as part of an Independent examinalion. I have no concerns and have come acros5 no other matters In connection with the examinarlon to whlch attentlon should be drawn in this report In order to enable a proper unde¥stsndinE of the ftnanclal statement5 to be reached. Emma Houghton IFCCAI Sedulo London LlmSted Office 605 Albert House 256- 260 Old Street London ECIV9DD Unlted Kln dom Date..
LEEDS CIVIC TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST2024 Unrestrlcted funds 2024 Uniestflrted funds 2023 Notes Income from.. Oonatlons and legacies Charitable activities Other trading 3ttivities Inve5tment5 576.279 3,329 10,808 11,386 728,239 3,245 7,851 58 Total Income 601,802 739,393 Expendlture on: Raising fund5 Charitable a¢tivitles 8,946 3C#),839 13.216 332,195 Total expendlture 309,785 345,411 Net 8aln51llossesl on Investments 53,484 176.6771 Net income and movement In funds 345,501 317,305 Re¢onclllatlon of funds: Fund balances at I September 2023 1,424.8(N) 1.107,495 Fund balances at 31 Au8llSt 2024 1,770,301 1,424,800 The statement of flnanclal activitie5 indudes all gains and losses recognised In the year. All Income and expendlture derlve from contlnulng activlties.
LEEDS CIVIC TRUST BALANCE SHEET ASAT31 AUGUST2024 2024 2023 Noles Flxed assets Tangible a55ets Heritage assets Investments 14 15 16 306,774 50.976 865,734 137,919 793 812,250 1,223,484 950,962 Current assels Stocks Debtors Cash at bank and In hand 17 3,534 6.465 592.224 3,558 13,996 471,142 18 602,223 155,4061 488,696 114,8581 Crodltor5: amounts fallln8 due wlthln one year 19 Net current assels 546,817 473,838 Total assets less curfent liabi1S1i05 1.770,301 1,424,800 The fund5 of the Charlty Unrestrlcted funds 20 1,770,301 1.424,800 1.770,301 1,424,800 The flnancial statement5 were approved by the Trustees on . J Strover (Chairl Trustee om easurer Trustee
LEEDS CIVIC TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED31 AUGUST2024 2024 2023 Notes Cash flows from operatlng actlvltles Cash generated from operations 14 335,503 416,583 1ThS11n8 actlvltles Purchase of tanglble flxed assets Restoratlon of heritage asset5 Investment income recelved 117S,6241 150.1831 11,386 11,3241 58 Net cash used In InvestSnB actSvltles 1214,4211 11,2661 Net ¢ash 8enerated Irom financing actlvities Net Increase In rash and $h equlvalents 121,082 415,317 Cash and cash equivalents at beginning of year 471,142 55,825 Cash and cash equl¥alents at end of year 592,224 471,142
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 AUGUST2024 Accountlng pollcles Charlty information Leed5 Civic Trust is a CharStable Incorporated Organisation. established on 25 May 2021. 1.1 Accountlng convention The financial statements have been prepared in accordance with the Charity'$ governing document, the Charities Act 2011, FR$ 102 "The Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland" and the Charitles SORP "Accountlng and Reportlng by Charitles: Statement of Recommended Practice applicable to charitles preparln8 thelr accounts in accordance with the Financial Reportlng Standard applltable In the UK and Republic of Ireland IFRS 1021" The Charlty Is a Public Beneflt Entlty as deflned by FRS 102. The flnanclal ststements have departed from the Charltles IA¢counts and Reports) Regulations 2008 only to the extent required to provide a true and fair vw. This departure has Involved following the Statement of Recommended Practice for charities applylng FRS 102 rather than the version of the Statement of Recommended Practlce whlch Is referred to In the Regulatlons but whlch has slnce been withdrawn. The flnanclal statements are prepared In sterllng. whlch Is the functional currency of the Charity. Monetary amounts In these financlal statements are rounded to the neaTe5t £. The financlal statements have been prepared under the historical cost convention. The prlnclpal accountlng pollcles adopted are set out below. 1.2 Goln8 concern At the time of approving the financial statements, the Trustees have a 8$Onable expeclation that the Charily has adequate resources to contlnue In operational existence for the foreseeable future, Thu5 the Trustees contlnue to adopt the going concern basls of accountlng In preparSng the flnanclal statements. 1.3 Charltable funds Unrestrlcted funds are available for use at the discretion of the Trustees In furtherance of their charltable objectives. Desl8nated funds comprise unrestrlcted funds that have been set a51de by the Councll for partlcular purpose5. The purposes and uses of the desl6nated funds are Set out In the note5 to the flnanclal statements. Rèstricted funds are subject to specific conditions by donors or grantors as to ht)w they may be used. 1.4 Income Income Is recogn15ed when the Charity Is legalfy entitled to It after any perfom)ance conditions have been met, the amounts can be measured rellably, and it Is probable that income wlll be recelved. Cash donatlons are recognised on receipt. Other donations are recognlsed once the Charlty has been notlfled of the donation, unless performance conditions require deferral of ihe amount. Legacle5 are recogni5ed on receipt or otherwlse if the Charity has been notified of an impending distrib(Jtion. the amount 15 known, and receipt is expetted. If the amount 15 not known, the legacy is treated as a contlngent asset. io-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 AUGUST2024 Accounllng FlIcleS Icontlnuedl 1.5 Expenditure Expenditure is recognlsed once there Is a legal or constructlve obllgatlon to transfer economlc beneflt to a thlrd party, It is probable that a tnnsfer of economic benefits will be reqUId in settlement. and the amount of the obligation can be measured reliably. Expenditurels classSfied by activlty. The costs of each actlvity afe made up of the total of dlrect C05t5 and shared cosls, Includlng 5UPPOrt Costs Involved In undertaking each actNity. Direct costs attrlbutable to a single actlvSty are allocated directly to that activlty. Shared costs whlch contrlbute to more than one activlty and support costs which are not attributable to a single attivity are apportloned beiween thosè attivitles on a basis consistent with the use of iesourtes. Central staff cos15 are allocated on the basis of time spen¢ and depre¢iation tharges are allocated on the portion of the asset's use. 1.6 T8nclble flxed asset5 Tangible fixed assets are initially measured at cost and wb5equently measured at cost or valuatlon, net of depreciation and any Impairment1055es. Depreclatlun Is reeogni5ed 50 a5 lo wrlte off the w5l or valuatlon Of assets less thelr resldual values over thelr useful Ilves on the followlng bases: Pfoperty Improvement5 Equlpment Furnlture 5% on cost 50% on cost 20% on cost The galn or1055 arising on the disposal of an asset is determined as the difference belween the sale proceeds and the carrylng value of the asset, and is reco8n15ed In Ihe statement of flnancial actlvltie5. No depreclatlon Is provSded on freehold bulldings as the councll consider any charge for the year and any accumulated depreciation, after takln8 account of the estimated resldual value, to be Immaterial. Recent Improvements to property ère beln8 depreclated wlth effect from I September 2015 over a period of 20 years. 1.7 Nerltage a5set5 Tan8ible or int3ngible asset5 With historical, artistlc or cultural qualltles that are held and maintslned princlpally for their contribution to knowledge and culture are classified as hefltage assets. Heritage assets that are purchased are recognised and held at the cost of acqulsltion wlth any subsequent additlons also recognised at the Gost, Heritage assets donated to the £harity are Tecognised inltially at their falr value, est5mated by reference to recent market transactions or binding sale agreements between knowledgeable, wllllng partles In an arm's length transactlon. The charity has not adopted a policy of revaluation in respect of heritage a55etS. 11
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 AUGusf2024 Accounilng pollcles Icontlnuedl 1.8 Flxed asset Investments All quoted investments are shown in the Balance Sheet at market value. Glfted Investments are Introduced into the Balante Sheet at thelr market value at the time of donation. Realised 6aln5 and losses Comprlse the surplus or deficit arising from the disposal proceeds (less costs) of Investments sold durlng the year over the market value at the end of the previous year or. If purchased durlng the year, over thelr cost. Unreallsed galns and losse5 represent., (al for investment5 held throughout the year the difference between thelr mèrket values at the start and end of the year, or Ibl for Investments purchased during the year and held ot the end of the year the dlffÈrence between the purchase cost and market value at the end of the year. 1.9 Impalrment of flmed assets At each reporting end date, the Charity revlews the carrying amounts of its tangible assets to determlne whether there Is any indicatlon that those assets have suffered an Impairment loss. If any such Indlcatlon exlsts. the recoverable amount of the asset Is estlmated in order to determlne the extent of the Impalrment loss Ilf any). 1.10 Stocks Stocks are valued ai the lower of cost and net reallsable value, after makin8 due allowance for obsolete and slow movlng Items. Net ieallsable value is the estlmated sellln8 prlce less all estlmated costs of completlon and costs to be incurred In marketlng, selllng and dlstributlon. 1.11 Cash and 5h equlval•nts Cash and cash equlvalents include cash In hand, deposlts held at call wlth banks, other short-term 1Squid investments with orlglnal maturlties of three months or less. and bank overdrafts. Bank overdrafts afe shown within borrowlngs In current liabilities. 1.12 Flnanclal Instruments The Charity has elected to apply the provislons of Section 11 'Basic Flnancial Instruments. and Section 12 '0ther Flnanclal Instruments155ues' of FRS 102 to all of its financial instruments. Flnancial instruments are recognlsed in the Charity's balance Sheet when ihe Charlty becomes party to the contractual provision5 of the instrument. Financl81 assets and liabilities are offset. with the net amounts presented In the flnancial statements, when there Is a legally enforceable right to sel off the reco8nised amounts and there is an intention to settle on a net bas15 or to reallse the asset and settle the liability simultaneouslv. Ba51cflnanclal t755etS Basic financial assets. whlch include debtors and cash and bank balances. are inltially measured at transaction prlce Including transactlon costs and are wbsequently carried at amortised cost using the effective interest method unles5 the arrangement constitutes a financing transaction. where the transaction 15 measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 12-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Accountlng pollcles (Contlnuedl Bosl¢llnon¢lal Ilabllltles Basic financial liabilities. including creditors and bank loans are Initially recognised at transaction price unless the arrangement constitutes a financing transadion, where the debt Instrument Is me3sured at the present value of the future payments discounted at a market rate of Interest. Flnancial liabilitie5 classified as payable withln olle year are not amortised. Debt Instruments are subseqLtently carrled at amortlsed cost. using the effectlve Interest rate method. Trade creditors are obligations to pay for goods or servi¢es that have been acouired in the ordinary course of operations from suppliers. Amount5 payable are classifled as Current Ilabillties if payment is due within one year or less. If not, they are presented as non-current liabilitles. Tiade creditor5 are recognised initially at transactlon prlce and subsequentlv measured at amortlsed cost Using the effective inleresl method. Derecognltlon olllnanclal Ilabllltle5 Financlal Ilabllltles are dere.co8nised when the Charitls contractual obllgatlons explre or are dls¢har8ed or cancelled, 1.13 Employèe benèfits The cost of any unused hollday entltlement Is reco8nlsed In the perlod in which the employee'5 services are receivèd. Terminatlon benefits are recognlsed Immedlately as an expense when the Charity is demonstrably committed to termlnate the employment of an employee or to provlde temlnatlon benefits. 1.14 Retlrement benellt5 Payments to deflned contribution retirement beneflt schemes are chaf8ed as an expense as they fall due. 1.15 Leases Rentals payable under operatln8 leases. Including any lease Incentlves recelved, are charged as an expense on a straight line basls over the term of ihe relevant lease, Income from donatlons and legacies Unre5trl¢ted funds 2024 Unrestrlcted funds 2023 Donatlons Bequests Subscriptlons Royalties 1,532 2.204 38,000 33,702 654,333 39,635 535,112 576,279 728,239 13-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Income from charltsble actlvliles Unrestrlcted funds 2024 Vnrestrlcted lunds 2023 Actlvltles dlrectly supportlng the tharlty's oblectSves Event Income 3,329 3,245 Income from other tradlng artlvltle5 Unf•stricted funds 2024 Unrèstrlc¢ed funds 2023 Blue plaque Scheme Annual report odvertlsln8 Other income Publlcallons and shop income 5,100 4,900 loo 708 780 6,250 270 551 Other tradlng artlvltles 10,808 7,851 Income from Investments Unrestrlcted funds 2024 Unrestrlcted tunds 2023 Interest recelvable 11,386 58 Expendlture on ra151ng funds Unrestrlcted lunds 2024 Unrèstricted funds 2023 Tradlng costs Annu31 report COStS Blue plaque scheme costs Publlcations and shop costs 2,773 6,099 74 2,902 6,387 3,927 8,946 13.216 14-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Expendlture on charltable actlvltle5 A¢tlvStles directly supportlng the (harliys obJectlve5 2024 Actlvlties directly supportln£ the charlty's objectlves 2023 Dlre¢t cosls staff costs Depreclatlon and impairment Postage, statlonery and other office expen5e5 Planning Ilsts and journals Subscrlptions and internet Event costs 8ear Pit repairs Conference cos15 Take a Seat prolect Leed5 Project Fund Leeds Archltecture Awards Llveable Leed5 prolect Art Competitlon c05tS Leeds Developmenl Corporation project Leeds Community Foundatlon 8rant expenses 207.724 6,769 34,770 173,717 6,407 28,286 298 1,880 17,197 2,532 11,0001 1,370 9,740 2,370 17.779 1,773 221 2.923 568 I,ioi 1,044 9,473 1,773 277.042 251.673 Grant funding of actlvitles Isee note Bl 7,824 61,430 Share ot support and Kovernance costs {se* not• 9) Support 15,973 19,092 300,839 332.195 Analysls by fund Unrestrlcted funds 300.839 332.195 Granis payable Grants are awarded to organi5ations and individuals following approval of formal appllcatlon, from reserve funds created for these purposes, where the proposed use is in keeping with the ¢harity's aims and objectives. Monltorlng of the grants process Is by a committee delegated by the Trustees and all awards are agreed by CoLtncil. No support costs have been alloeated against the amounts so awarded. One grant was awarded during the year to the Leeds Community Foundation totalling £7.824. Si8niflcant grants were awarded during the prior year which included a Brant to Leeds Community Foundation of É58.824. 15-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Suppoit costs allocated to actlvltles 2024 2023 Transactlon charyes Wharf St e5tabllshment Costs Governance costs 324 12,949 2,700 420 15,924 2,748 15,973 19,092 Analysed betw¢en: Activities direcily supporting the charity's objectives 15,973 19,092 10 Net movement In lunds 2024 2023 The net movement in funds Is stated after chargingllcrediting): Fees payable for the independent examination of the charity's flnancial statements Depre¢latlon of owned tanglble Ilxed a55et5 2,700 6,769 2,748 6,407 11 Trustees There were no trustee5' remuneration or other beneflts for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees, expenses Trustee expenses of £4 were paid to one trustee in the year12023'. £nlll. 12 Employees The average monthly number of employee5 durlng the year was". 2024 Number 2023 Numbor Admlnlstration staff Employment cosls Z024 1023 Wage5 and salaries Soclal security C05tS other penslon costs 173.853 12,878 20,993 154,276 14,208 5,233 207.724 173,717 16-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 12 Employees (Contlnuedl The number of employee5 whose annual remuneration was more than £60.000 is as follows.. 2024 Number 2023 Number £60,001- £70,000 £70,001- £80,000 Remuneratlon of key management personnel The Key Management Personnel In the year ended 31 Au8u512024 and year ended 31 August 2023 were the Dlrector and Board of Tffustees. The total amount of employee beneflts Ilncludlng employer's national Insurance and penslons contributions) received by Key Management Personnel was.. 2024 20Z3 Aggre8ate compensatlon 84,295 78,465 13 TaKatlon The Charlty is exempt from taxation on its artivities because all its income is applied for charitable purposes. 14 Thnglble flxed assets Ffeehold land prOrty and bulldlnAs lffprovtments Equlpment Furnliure Total Cost At I September 2023 Addltlons 98.616 54,520 172,552 47,736 3,072 13,5ThJ 214,372 175,624 At 31 August 2024 98.616 227,072 50,808 13,5 389,996 Depreclatlon and Impalrment Al I September 2023 Depreciation charged In the year 20.840 4.164 42.469 2.249 13,144 356 76,4S3 6,769 At 31 August 2024 25,004 44,718 13,500 83,222 CarTying amount At 31 August 2024 98,616 202.068 6,090 306,774 At 31 August 2023 98,616 33.680 5.267 356 137,919 17
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGusf2024 15 HerltaBe assets At I September 2023 Renovations 793 50,183 At 31 August 2024 50.976 The balance held as herltage assets relates to the Headingley Bear Pit. Thls asset was prevlously classlfled as freehold property but has been reclasslfled as a heritage asset as it is considered that the primary purpose for holdlng Is Its hlstorlcal and tultur31 value. Renovations were made to the asset in ihe year ended 31 Au8USt 2024 and have been recognised al cost. There have been no addltions. dlsposals or Impalrments to the Headlngley Bear Plt In the last 5 years other than the renovatlons shown In the schedule above. 16 FIKed #ss•t investménts L15ted Investments Cost or valuatlon At I September 2023 Change in market value 812,2SO 53,484 At 31 August 2024 865,734 Carrylng amount At 31 Augus12024 865,734 At 31 August 2023 812,250 The hlstorlc cost of Investment assets 15 E827.WO12023: £827.0001. Materlal Inve5tment5 Quoted investrnenls inclLEde the followlng funds whlch each amount to greater than 5% of the total portfollo as follows: Sshares USS Treasury 3-7yfs UK Treasury Sto¢k10.875%) £62,208 E50.913 2023: Troy Trojan Ethital Veritas Global Real Returri £44.954 £46,494 18-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGusf2024 17 Stocl(s 20Z4 2023 Publlcation5 and shop stock 3,534 3,558 18 Debtors 2024 2023 Amounts lalllng due wlthln one year: Subscrlptlon debtor5 Other debtors Prepayments and accrued income 4,237 138 2,090 4,709 7,292 1.99S 6,465 13.996 19 Credltors: amounts falllni due wlthln one year 2024 2023 Other taxatlon and so¢lal securlty Other creditors Accruals and deferred income 4,723 16,304 34,379 4,253 2,478 8.127 55,406 14,858 20 Unre51rlrted funds The unrestricted fund5 of the charlty comprlse the unexpended balances of donatlons and grants whlch are not subject to specific condition5 by donors and grantors as to how they rnay be used. These include designated funds whlch have been set aslde out of unrestrlcted fLtnds by the trustee5 for speclflc purposes. At I September 2023 Incomlni resources Resources expended TransfersGalns and losses AI 31 Au8USt 2024 Bear Plt Fund Blue Plaque Fund Leeds Proje¢t Fund Snaith Award Heritage Bulldin85 Fund General funds 247.768 3.232 1222,7681 1.769 25.000 4.955 1461 11.373 1,0 111.3731 1.000 200.000 32.372 2,000 1.539.346 1.161.427 601.802 1309.7391 53,484 1,424.800 601,802 1309.7851 53,484 1.770,301 19-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 20 Unrestrlcled funds Icontlnuedl Prevlous yeai: At I September 2022 Incomlng resources Resources expended TranslersGalns and losses Al 31 Atsgust 2023 Bear Pil Fund Blue plaque Fund Leeds Proje¢t Fund Snalth Award General funds 29.116 6.725 12.2321 13.4931 220,884 247,768 3.232 21,482 1.000 1.049.172 110.1091 11,373 1,000 1,161,427 739.393 1329,5771 1220.8841 176,6771 1,107.495 739,393 1345,4111 176,6771 1,424,800 The 8ear Pit Fund is to be used for its maintenance and improvement. The fund was increased in 2022123 followin8 Councll's approval of plarbs lo repair and renovate the 8ear Plt, and to Improve safety and access thereto to enable It to be opened up as a Clvl¢ landmark. Followlng the completlon of these works in 2023124 thls fund has been redu¢ed to £25,t)00 whlch the tru5tee5 consider an appropriate amount to cover any potential future addltlonal repair5, The Blue Plaques Malntenance Fund Is to be used to meet future malntenance c05t5 of the Blue Plaques Scheme. The Leeds Project Fund was used to support proSects by external or8anisatlons that further the oblectlves of the Charity and benefit Leeds as a whole, Thls project has now ended and the fund has been closed. The Herltage 6uSldlngs Fund is a new fund that has been established to support the restoralion of heritsge buildlng5 elther through grant ald to third partles or through dlrecl expendlture by the Charlty. 21 Analy515 of net assets between lunds Unrestrlcted fund5 2024 At 31 August 2024.. Tangible assets Herltage asset5 Investments Current asset511liabilitiesl 306,774 50,976 865,734 546,817 1,770,301 -20-
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FQR THE YEAR EIVDED 31 AUGusf2024 21 Analysls of net asset5 belween lunds Icontlnued) Uniestrlrted funds 2023 AI 31 Au8USt 2023: Tanglble assets Herltage assets Investment5 Current assEtsllllabllltlesl 137.919 793 812,250 473,838 1,424,800 Z2 Operatln8 lease Commltments Les$¢¢ At the reporting end date the Charlty had outstanding commltments for future mlnlmum le?5e payments under non- Cancellable operalin8 leases, whlch lall due a5 follows: 2024 2013 Wlthln one year Between two and five years 1,184 296 1,184 1,480 1,480 2,664 23 Related party transartlons There were no dlsclosable related party transactlons durlng the year (2023 - none}. 21
LEEDS CIVIC TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 24 Cash generated from operations 2024 2023 Surplus lor the year 345,501 317,305 Adlustments for: Investment Income recognlsed In statement of flnancial actlvlties Fair value galns and losses on investments Depreciatlon and Impairment of tangible lixed assets 111,3861 153.4841 6,769 1581 76.677 6.407 Moveménts in vJorkln8 capital: Decrease In stocks Decrease In debtors Increase In credltors 24 7,531 40,548 3,878 8,941 3.433 Cash generated lrnm operatlons 335,503 416,583 25 Analysls of changes In net funds The Charlty had no material debt durln8 the year, -22-