Company registration number 02836855 (England & Wales)
Charlty reglstratlon number 1025337
LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
BRENNOCKS
Chartered Secretarles
Incorporated Flnanclal Accountants
Lyneholm
Roweltown
Carllsle
Cumbrla
CA6 6LH

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
CONTENTS
Referen￿ and administrative details of the charity. its trustees and advlsers
Trustses, annual report (incorporatlng the Dlrectors. report)
Independent Examiner's report
10
Stat￿ent of financial attivities
Balance sheec
12,13
Notes to the financlal sratsments
1421

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
LEGAL AND ADMINISTRATIVE INFORMATION
Tnistees:
Jonathan Paul ARCHARD (aPp￿nted 19 February 2024)
Teresa Maria BUDWORTH (appolnted 15 August 2024)
Jennrfer DRANTfEL
Raimi GBADAMOSI (resigned 30 August 2023)
Catharine Elizabeth HODGES (appointed 21 FebnRry 2024)
Michelle Anna-maria KAMBASHA (appointed 5 June 2024>
Samuel JAVID (resigned 31 Pnuary 2024)
Catherine Jeanne LOUCH (appoinced 20 June 2024)
YULU
Jean MCMEAKIN {appointrd 19 February 2024)
Hema MISTRY (resigned 4 February 2024)
Jemima Amy PRATh (resigned 20 July 2023)
Amber SHILCOCK (resigned 20 July 2023)
Lucy STEVENS (resigned 20 July 2023)
Sylvia Mar￿ret WRIGHT (appointed I l June 2024)
Company reglstratlon number
02836855 England & Wales
Charlty reglstratlon number
1025337 England & Wales
Reglstered offi
50 St George Street
Leicester
LEI IQG
Pdge I

LEICESTER PRINTWORKSHOP sfuDIOS AND RESOURCE
LEGAL AND ADMINi¥fRATIVE INFORMATION (continued)
IndeP￿d￿lt Examiner.
Paul Brennock FCG FIPA
LynetrK>lm
Roweltown
Carlisle
CA6 6LH
Bankers:
Uoyds Bank PLC
7 High Street
LEI 9FS

LEICESTER PRINTWORKSHOP STUDIOS AND RESOURCE
TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees (who are also direttors of the charity f¢x the purposes of the Companies Act) present
tt￿1r annual report together with the financial sutemenrs for the year ended 31 March 2024. The
trustees confimi that the annual repon and financial soremenrs of the company comply with the
current statutory requirements of the company's governing document and the provisions of the
Charities Statement of Recornm￿ded PrnCt1￿ (SORP) (FRS 102), second editio￿ October 2019.
The Purpose of Leicester ￿lTrt Workshop Studio and Resour
Leicester Print Workshop (LPW) is the Midlands centre of extrllence for fine art printmakin& We
are ac forefront of printmakÉng prdaice and we ensure it continues ro be a thriving contemporary
art form. We nurture talent and supporr creative prnctitioners to develop their skills and achieve their
creative ambitions. Our larg< open access studio is in a RIBA awar¥l-winning buildin& providing
specialist frdcilities for stone and platr lithogrnth, erthin& engrdvln& rellef, letterwes& Scr￿Printin&
and artist studios. Open to Mefflb￿ it is used by people fr￿￿ around the world and around the
corner. arKI sworted by a community of artists to thrive arKI grow.
LPW aims to connecc and align with our local context of inner city Leicester. as a culturnl organlsatlon
whith enables positive social changes for communities across the Llty. We are commitced to link our
work to issues that are rooted in our local conrexc of a culturally diverse and post-induscriaj city. while
invi* conversations from other disciplines and geographie&
LPW was first established in 1986 and became a regstered tharity in 1993. In 2015 it moved to its
new RIBA award-winning building situated in Leicester's Culturdl Quarter. where alongside the scudio
spacq it b￿efits from a gallery. shoN education spac4 framing room and I I pern)anent artist swdios.
Lelcester ￿Int Workdw) Is an Arts Council National Portfolk* Or￿nISatIOn (NPO).
Adult and Youth Educati￿ Programme
LPW Is committed to expanding arrfj diversifying models of art education through printmaklng and to
become a substantial centre of altffnative education outside of traditional learning establishments.
LPW delivws an aduk and youth course programrne which encourages an expanded noti¢Jn of
printmaking at the intersection of multiple disciplin4 for a wide range of abilities and intrresr&

LEICESTER PRINT WORKSHOP sfuDIOS AND RESOURCE
TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Publlc Programme
We have devel¢)ped meaningful parcnerships with a wide range of events and festifdls. regional sthool&
communlry group& librarles art organisatlons and colleges for our extenslve outreach programm
whlch has dlversified and widened our reach and taken printmaking into multiple and div
community and educational setrings.
Studlo Membership & Work Space Provider
Leicestsr Prlnt Workshop Is home to around 2CK) artist members. Members pay annual subscrlptlons
to access the fully equlpped studio during i(s opening hours. The studio is staffed by expert technlcians
and following an induccion. membership is open w artis(s and prin(makers of any abllity.
We a150 provlde affordable I I scudlo spaces to artlsrs working in dlfferent dlsclpllnes In our clty centre
locatlon.
LPW Obleccives
Operate a srate of the art multifunttional open access print studio to provide printmakers
wlth accesslble space, equlpment and knowledge to create a thriving community of artist printmakers
whlch encourages collabordtlon and sharing of ideas where you are Insplred and supporred to make,
no matter age or abllity.
Be a leadlng Internatlonal plarform for experiff*ntal. socially-driven printmaking education and
research and provide opportunities arKI professional support to a large numb¥ of creatlve
practltloners at all sttges In their career5
Prograrnme a comprehensive print education progfdmme to provlde a broad and diverse
placforn) to learn prinunaking skills at all levels from tasters and Intros to advanced summer schools
Develop meanlngful parm*3hlps wlth a wlde range of regional sthools, cornn￿nIty groups.
Ilbrarles art ¢XKdnisatlons arKI colleges f¢x our ou(reath progrdmme to dfverslfy and widen our reach
and take printmaking into multiple diverse community and educational settlngs
The In￿tee$ have pald due regard to the guidance issued by the Chariry Commi$slon in deciding what
activitles the charfty sIMxJld underrak&

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
TRUSTEES. ANNUAL REPORT ONCORPORATING THE DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Strategies for Achieving the Ol"ettives
LPW operates wtthin a dear gOVernar￿ and managem￿£ framework whith creatrs a positi
profiCi￿t and robust working environM￿t for our small. skilled and dedicated oam and engaged
Board of Trus￿% LPW is committed to ensuring tTrHt sraffing levels are commensurate with its aims
and objettiv4 and that staff share the values of the organisation. ouclined in cwr core Yalue&
Athievements and Performance
The 2023-24 finanoal year marks the b￿"nnIng of a r*w phase in our Arts Council Engknd National
Porrfolio funding (202>26). This vital support aubles us not only to sustain our ongoing work buc
also to grow arKI expand our iniriarives. We have made good progress towards the target set out in
our NPO plan&
While we are ￿adUallY recovering from the impact of COVID-19. the acrivity levels at LPW have n¢X
yet returned to pre-pandemic level& As a resul4 we made the decision to redu￿ our opening hours
from five to f¢Jur days a week This adjustm￿[ has had a positive outcom& as we have continued to
see simllar levels of partlclpatlon and studio usag< with acciviues now more ConC￿1rated within these
hour
We successfully introduced two year-long courses as an alternative fom of education, both of whith
saw strong enrolment and engagement from partiapant&
In additiorn we have continued to explore innoyarive ways to connett with the wider communltles in
Leicester. Our focus ha5 been on expanding our outreach beyond the physic21 space of our buildlns
worklng In collaboration with key partners across the aty to broaden our impacL
We are also excited to welcome new. dwic members to our Ix)ard. following the deparwre of
Samuel Javid after over three years of dedicated wvicL His contributions have be￿ greatly
appreciated. and we look forward to the fresh perspecoves our new board members will bring to
LPWS f(￿ure.

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Key Highlights from this period:
Print Festival Returned
For the first time since COVID-19 we hosted our annual Print Festival evenL This open access event
was free for all to attend and ￿ve us the chance to showcase printmaking to an engaged audien
With free activities and interactive demonstrations throughout the weekend we welcomed vlsltors to
learn more about screenprinting, etchin& letterpress kaMIhan￿ lithography and linocuL
Woolwith Contemporary Print Fair Demonstration
Swdio techniaans and staff attended the Woolwich Contempordry Print Fair for a day of etching
demonstrnrions. The ream ralked about everyrhing the workshop has to offer and introduced visitors
to the pr¢xess of etching. With example plates on display. the team instruc￿￿ visitors on the process
of inking a Pla￿ and printing using a Rollaco press to hi8hlighi the variety of etthing techniqu
including photo erchlng. phoro polymer and hard ground.
Pop Up Print Accwiries
Throughout the year we hosted and took parr in a number of free drop-in activicie& aimed towards
dmili4 the sessions were all free and either took place at the workshop or offsite in the city. For
exampl& a group of LPW vOlUn￿er$ joined a number of other ans organisarions on Orton Square In
Leicester's Culwral Quarrer combining digiral language with trdditional printmaking techniques to
engage local young people in che community to create their own artwork Taking part in these events
helps the workshop to promotr printmaking. get the local communiry involved at different levels arKI
allows our wonderful voluntrers to develop their skill

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Financial review
We have developed diverse income streams in order to manage financial risk and to be resilienc in
these thanging times. We have Ydrlous sources of Income:
Arts C¢)uncil England National Portfolio Organisation grant of £88.186:
Membershlp Fees of £11,974;
Hourly Swdio Use £10.255:
Artist Studio Holder Rents £19,740;
Courses £55,205;
Exhibitions and Shop Sales £12.647:
Framing £3.173:
Events £3,155;
Donatlons £1,247:
Mixellaneous £668.
At 31 March 2024 the free reserrfes of the charlty were £43,098 (2023- £48.113).
In addition, the charity held a designated capital fijnd of £570,824 {2023 - £603,578) arising from the
improvements undertaken ro the property at St George StreeL
Tofal reserve5 of the chariry. including the workshop buildin& were therefore £613.922 (2023
£651,691).
We aimed to maintain a resenies level that ensures V￿ can manage cash flow and cope with a drop in
incom& the demands of a large project or an unexpected expense, and we seek to hdd a reser¥e of
£50,000, which covers the equivalent of three months. operating costs.
The trus￿5 have assessed the major risks to which the charity is exposed, and are satisfied that
SYs￿m$ are in place to micigare exposure to the major risks.
Page 7

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
TRUSTEES. ANNUAL REPORT (INCORPORATING THE DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
Structure. governance and management
The entky15 a charitable company limlted by guarantee and Is governed by Its Memordndum and
Anlcles of Association Incorporared 16 July 1993. company regis¢ration number 02836855.
The trustee% who are also the dlreccors for the purwe of company law. and who served durlng
the year and up to the date of slgnature of the financlal 5￿teMentS were:
Jonathan Paul ARCHARD
Teresa Marla BUDWORTH (appolnted 15 August 2024)
JennSfer DRANThEL
Ralmi GBADAMOSI (reslgned 30 August 2024)
Catharlne Ellzabeth HODGES
Mlchelle Anna-marla KAMBASHA (appolnted5 June 2024)
Samuel JAVID (resigned 31 January 2024)
Catherlne Jeanne LOUCH {appolnted 20 June 2024>
YULU
Jean MCMEAKIN
Hema MISTRY {resi8ned 4 February 2024)
Jemlma Amy PRATT (resl8ned 20 July 2023)
Amber SHILCOCK (reslgned 20 July 2023>
Lucy STEVENS (resigned 20 July 2023)
Sylvla Margaret WRIGHT (appointed I l June 2024)
The appolntment of trustees Is governed by the Memorandum and Artlcles of Assoclatlon of the
company.
None of the trustees has any beneficial interest in the company. All of the trustees are members of
the company and guarancee to contrlbute £ I In the event of a winding up.
Whilsc meeting on a regular basi& the board delegares the day to day running of the Centre to an
on-sits dlreceor.

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
TRUSTEES, ANNUAL REPORT ONCORPORATING THE DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024 (CONTINUED)
New truscees receive an induction pack and are invlted to tour the workshop and attend two board
meetings before full admisslon.
The board augments its q￿rCerlY meetlng schedule with occasional away days, designed to address
key issues and longer orni planning.
This report has been prepared having taken adYdntage of the small companles exemption in the
Companles Act 2006.
The rxuscees, report was approved by the Board of Trustees.
Teresa Budworth
Tntstee and dlrector
Dated: 16 December 2024.
Page 9

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
Independent examiner's report to the trustees of
Lelcester Print Workshop Studlos and Resource
I report to the trustees on my examination of the finanaal Stat￿entS of Leicester Print Workshop
Studios and Resource (the charity) for the year ended 31 March 2024.
Responslbllitles and basls of report
As the trustees of the charity (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordan￿ with the requirements of the
Companies Acc 2006 (the 2006 Act).
Havlng satisfied myself that the financial statements of the charity are not required to be audited under
Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my
examination of the charity's financial sratements carried out under section 145 of the Charities Act
2011 (the 201 l Acc). In carrying out my examination I have followed all the applicable Directlons given
by the Charity Commission under section 145(5){b) of the 201 I ACL
Independent examiner's statement
I have completed my examination. I confirni that no Mat￿rS have come to my ar￿n[lon in connecrion
with the examination giving me cause to believe thac in any material respecc
l accounting records were not kept in respect of the charity as required by seccion 386 of the 2006
"or
2 the financial sratements do not accord with those records: or
3 the financial sta￿mentS do not comply with the accounting requirements of seccion 396 of the 2006
Acr other than any requirement that the accounts gNe a true and fair view which is not a matter
considered as part of an independent examination: or 4 the financial statements have noc been
prepared in accordan￿ with the methods and principles of the Statement of Recommended Practice
for accounting and reportlng by chariries applicable ro charities P￿paring their accounts in accordance
wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other Mat￿r5 in connection with the examlnation to
which attention should be drawn in chls report In order to enable a proper understanding of the
financial statements to be reached.
Dated 16 December 2024.
Paul Brennock FCG FIPA
Brennocks
Lyneholm, Roweltown
Carllsle
CA6 6LH
Page 10

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
STATEMENT OF FINANCIAL ACTIVITIES
(Incorpornting Income and expenditure account)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlc
ted funds
2024
Total
funds
2024
Note
Total funds
2023
INCOMING RESOURCES
Donations and legacies
89,433
97,229
Charitable acciviues
116.149
84,186
Investments
Is
68
Other income
653
14,120
TOTAL INCOMING RESOURCES
206,250
195.603
RESOURCES EXPENDED
Charitable activities
244,019
267,415
TOTAL RESOURCES EXPENDED
244.019
267.415
MOVEMENT IN TOTAL FUNDS-
NET INCOMEI{EXPENDITURE
FOR THE YEAR
(37,769)
(71.812)
Toul funds at l April 2023
651,691
723,503
TOTAL FUNDS AT
31 MARCH 2024
613,922
651.091
The notes on pages 14 to 21 form parc of these financial statemenrs.

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
BALANCE SHEET AS AT 31 MARCH 2024
Note
2024
2023
FIXED ASSETS
Tanglble assecs
10.
588.408
608,473
CURRENT ASSETS
Stocks
1,500
i 0,000
Debrors
12.
22,024
20,462
Cash at bank and in hand
45,442
53.883
CREDITORS: amounts falling due
wlthln one
ear
13.
(43,452)
(41,127)
NET CURRENT ASSETS
25.514
43,218
TOTAL ASSETS LESS
CURRENT LIABILITIES
613.922
651,691
CHARITY FUNDS
Deslgnated funds (Big Move)
14.
570.824
603,578
Generdl unrescricced funds
14.
43,098
48.113
TOTAL FUNDS
613.922
651,691
The trustees consider rhar the company is enticled to exemption from the requlrernent to have an
audlt under the provlslons of sectlon 477 of the Companles Act 2006 {"the Act.) and members have
not requlred the company to obtain an audit for the year in quesrion under sectlon 476 of the ACL
The Balance Steet is continued on page 13.
Page 12

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
BALANCE SHEET AS AT 31 MARCH 2024 (CONTINUED)
The trustees acknowledge their responsibilities for complying with the requirements of the Companies
Act 2006 with respett to accounting records and for preparing financial statements which give a true
and fair view of the state of atrairs of the company as at 31 March 2023 and of its net incomlng
resources for the year In accordarKe with the requirements of sections 394 and 395 of the Act arKI
which otherwise comply with requirements of the Companies Att 2006 relaring to financial
ststemens so far as appllcable to the compary.
The financial statsments Imve been prepared in accordance with the provtsions applicable to small
companies within Pdrt I S of the Companies Act 2006 and in accordan￿ wich the FirAncial Reporting
Standard for Smaller &Kities (effective April 2008).
The flrAnclal statements were approved by trustees on 16 December 2024 and signed on their
bePAlf by.
Teresa Budworth (Dirertorffntstee)
Page 13

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024
ACCOUNTING POUCIES
Charlty inforniation
Leicester Print Workshop Sojdios arKI Resource is a ￿1vI￿ company limited by guarantee
Incorporated in England and Wales. The registered office is 50 Sr George StreeL Leicester, LE I I QG.
l. l Accounting convention
The finanoal statsmenrs have prepared in accordance with the tharity's Memorandum and
Arrides of Association. the Companies Act 2(Y)6 and "Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to dllrities preparing their accounts in accordance
with the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
(published in October 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The tharicy has taken advantage of the provisions in the SORP for charittes applying FRS 102 Update
Bulletin I not to prepare a Statement of Cash Flow&
The financial soremenrs a￿ prepared in Pounds Sterlin& which is the functional currency of the
charity. Monetary amounts in these financial s(atrments are rounded to the nearest pound.
The financial statements have been prepared urKler the hiscorical CO￿ convwtion. The principal
accounting poliaes adopted are set c>ut below.
1.2 Golng concern
At the time of approving the financial statements. the trustees have a reasonable expectation that the
tharity has adequa￿ resources to continue in operational exiscence for the foreseeable futu￿ Thus
the truscees continue to adopt the going cOn￿rn basis of accounting in preparing the financial
statemen
1.3 Charltable funds
Unrestricced funds are ayailable for use at discretion of the (rustees in fiJrtherdn￿ of their
charitable objectives.
Designated funds comprise unrestr1tt￿ funds that have been set aside by the trustees for particular
purpose&
Restricted funds are subject to specific conditions by donors as to how they may be used. The
pwposes and uses of the restricted funds are set (yjt in the notes ro the financial stazernents.
1.4 Income
Income Is recognised when the tharity is legally enticled ro it after any perforniance conditions have
been mel the amounts can be measured reliabty. and it is probable that income will be received.
Cash donations are recognised on receipL Othw donations are recognised once the charity has been
notified of the donation. unless performance condicN)ns require deferral of the amounL Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the
time of the donation.
Page 14

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024 (continued)
Gifts in kind for distribution a￿ included at valuation and recognised as income when they are
dlstributed to projects. Donated facilities are included at the value ro the chariry where this can be
quantified and a third party is bearing the COSL No amounts are included in the financ5al staTrments
for services donated by volunreers.
1.5 Expendlture
Expenditure Is included in the Stat&nenc of Financlal Actlvities on an accruals basis. inclusive of any
VAT which cannot be recovered.
Charltable expenditure comprlses chose cos¢s Sncurred by the charity on the delivery of its actlvltSes
and servlces for its beneficlarle& It Includes both costs that can be allocated to such actSvltles, and
those cott5 of an indirect nature necessary to support them based upon elther time spent on the
actual actlvitles or usage.
1.6 Tanglble flxed assets
Tanglble fixed asseu are InitlalSy measured ac cost and subsequently measured ar cost or valuatlon, net
of depreclatlon and any impairment losses.
Depreclatlon is recognised so as to write off the cost or Yaluatlon of assets less thelr re51dual values
over thelr useful Ilves on the followlng bases:
Freehold land and buildings Straight line over fifty years
Fixtures and fittlngs l 0% per annum on a straight line ba51s
Plant & Machinery l 0% on a straSght1Sne basis
Computers 25% per annum on a stralght Ilne basls
The gain or loss arising on the disposal of an asset Is determined as the difference becween the sale
proceeds and the carrying value of the asseL and Is recognSsed in the statement of financSal attivities.
1.7 Impalrment of fixed assets
At each reportlng end date. the charlty revlews the carrying amounts of Its tangible assets to determlne
whether there Ss any Sndication that those assets have suffered an Impairment loss. If any such
Indlcatlon ex15￿ the recoverable amount of the asset is estimated in order to determtne the excent
of the impairment loss (rf any).
1.8 Stocks
Stocks are staled at the lower of cosr and estimated selling price less costs to complete and sell. Cost
comprlses direct materials and. where applicable. direct labour costs and those overheads that have
been Incurred In bringing the stocks co their present location and condition. Items held for distribution
ac no or nominal consideration are measured the lower of replacement cost and COSLNe¢ realisable
Yalue Is the esclma*d selling price less all esrimated costs of completion and costs to be incurred in
marketlng. selllng and distribution.
1.9 Cash and cash equivalents
Cash and cash equiyalents include cash in hand. deposl¢s held at call with banks. other shorc-terni
liquld Investments with original marurities of three months or les& and bank OYerdrnf￿ Bank
overdrafts are shown within borrowlngs In current liabilities.
Page 15

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024 (continued)
l. l O Flnanclal Instruments
The tharity has elecced to appty the provisions of SeccK)n I I 'Baslc h'nandal Instruments. and Sectlon
12 '0ther Financial Instruments Issues. of FRS 102 to all of its financial instrumenrs.
Flnanclal Instrumencs are recognised in the charicy's balan￿ sheet when the tharity becomes party to
the contractual provisions of the insrrumenL
Flnancial asse¢s and liabilities are offseL with the net amounts presented in the finandal statements.
when there is a legalty enforceable rl8ht to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the asset and settle the liability simulr2r*ousty.
Baslc finandal assets
Basic financial asse￿ which include debrors and cash and bank balance& are Initially measured ac
transaction price induding transaction costs and are subsequently carried at amonlsed cost uslng the
effective Interest method unless the arrangemeni constitu￿$ a financing rransattion. where the
trdnsaction is measured at the presenc Wdlue of the future receipcs discountrd at a market rnte of
SnteresL Financial assets classified as receivable within one year are not amortised.
Baslc flnonclal Ilabllftles
Baslc flnanclal liabilitie& Including creditors and bank loans are initially recognised at transaccion prlce
unless the arrnngement constitutes a financing (ransaccion. where the debt instrument Is measured at
the present ￿alue of the future paymen(s diScoun￿d at a market rate of interesL Flnancial Ilabilitles
dassified as payable within one year are not amortised.
Debt instruments are subsequendy carried at an￿rtIsed COSL uslng the effective interest rate method.
Trdde creditors are oblirdtions to pay for goods or services rhat have been acquired In the ordinary
course of operatlons from suppliers. Amounrs payable are classified as current liabilities rf payment Is
due within one year or less. If noL they are presenced as non-current liabilities. Trnde creditors are
recognised Inltially at transattion price and subsequently measured at amortised cost using the
effecrive Interest method.
Derecognftlon of financlal Ilabllltles
Flnancial liabilities are derecognised when the chariry's conrracwal obligations expire or are dlscharged
or cancelled.
1.1 l Employee benefits
The cosc of any unused holiday entltlement is recognised in the pen'od in which the employee's services
are received.
Tern)InacSon benefirs are recognised immediately as an expense when the charity is demonstrably
commitred to terniinare the employment of an employee or ro provide termination b￿efits.
1.12 Retirement benefits
Payments to defined conrribution retirement benefit schemes are tharged as an expense as they fall
Page 16

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024 (continued)
2. DONATIONS AND LEGACIES
Unrestri
rted
funds
2024
Total
funds
2024
Total fvnds
2023
Donations and gifts
Grants receivable for core activities
1,247
1,247
25.646
88.186
88.186
71583
89.433
89.433
97229
Grants receivable for core activities
Arts Council England
88.186
88.186
71.583
3. CHARITABLE ACTIVITIES
Unrestr
Total
funds
2024
funds
2024
Total fvnds
2023
Operating activities
116.149
116,149
84.186
16.149
116,149
84.186
4. INVESTMENTS
Total
2024
Totol 2023
Interest receivable
15
68
S. OTHER INCOME
Total
2024
Total 2023
Other
653
14.120
653
14.120
Page 17

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024 (continued
6. CHARITABLE ACTIVITIES
General
fund
2024
Big
Move
2024
Total
2024
Total
2023
Dirert proiect costs and
materials
Purchases
57.948
57.948
16,010
Projecc expendicure and other
direct cosrs
2.927
2.927
26.100
Support costs
Staff costs
105,550
105.550
20.065
147.460
Depreciation
Trnining and lecwres
Marketing
Premises cosrs
16.377
17.571
2,693
5.572
5.572
29.111
5.617
29.111
11.273
Insurances
5.617
5,813
Telephone and internet costs
Printing, posrage and srarionery
Sundry expenses
Legal and professional
Independent examiner's fees
Bank charges
6,248
6.248
1.253
5.611
1.253
l.S84
2.608
1.584
28.828
1608
682
5.411
125
4.708
125
666
227,642
16.377
244.019
267.415
Page 18

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024 (continued
TRUSTEES
Durlng rhe year no trustee receNed any remunerdtion {2023: £nil)
During the year no trusree recetved any reimbursement of expenses (2023: £nll)
9. EMPLOYEES
The average monthly number of employtts dur6ng the y&v was:
Total
2024
Total 2023
Dlrert charltable expendlture and admlnlstratlon
Trustees and dirertors
13
15
Employment costs
Total
2024
Totol 2023
Provlslon of support servlces and comrnunlty
develo
ment
Wages and salarles
Soclal securlty costs
Other penslon costs
88.239
133,943
5.820
13517
105.550
147.460
There were no employees whose annual remuneration was £60,000 or more.
Page 19

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
NOTES QN THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024 (continued
10. TANGIBLE FIXED ASSETS
Freehold
knd and
buildln8S
Fixtures &
fittin
Plant &
14achinery
Computer
Total £
Cost
At l April 2023
Additions
712,768
40.759
2.500
8.377
764.404
At 31 March 2024
712.768
40.759
2.51)0
8,377
764.404
Depreclatlon and impairnient
At l April 2023
Depreciation tharged in the year
At 31 Marth 2024
113.374
35.414
250
6.893
155.931
14.255
4.076
250
1,484
8.377
20.065
127.629
39.490
500
175.996
Carrying amount
At 31 Marth 2024
585.139
1,269
2.000
588,408
At 31 March 2023
599.394
5.345
2.250
1.484
608.473
I I. STOCKS
2024
Totol 2023
Raw materials and consumables
1.500
10.000
12. DEBTORS
2024
2023
Amounts falling due withln one year
22.024
20.462
Page 20

LEICESTER PRINT WORKSHOP STUDIOS AND RESOURCE
NOTES ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 MARCH 2024 (continued
13. CREDITORS: AMOUTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other taxation and social security
Trade creditors
6,416
6,416
30,064
29.726
Other creditors
3,072
3,035
Accruals and deferred income
3.900
1.950
43,452
41.127
14. FUNDS MOVEMENT AND ANALYSIS
Brought
forward
Incoming
resources
Resources
expended
Carried
fonvard
Unrestricted funds
General funds
Unrestricted funds
Desi
nated funds
Restricted funds
Othei- re5tricced funds
To￿1 funds
48.113
206.250
(211.265)
43,098
603,578
(32,754)
570,824
651,691
206.250
244.019
613,922
The income funds of the charicy include the following designated funds which have been set aside out
of unrestricted funds for specific pui"poses. Designated funds represent Ihose sums held within
unrestricted funds which have been identified by rhe rrusrees for specific fuiure purposes. Contained
therein are monies set aside for che Big Move. The amounE shown for resources expended in relaiion
to designated funds for 2024 includes an amouni of £16.377 omitted from the funds movement and
analysis for 2023.
15. RELATED PARTY TRANSACTIONS
There were no related party transactions during (he year (2023 - none).
Page21