2023-03-31-accounts

	Page
Reference and Administrative Details
Report of the Trustees	2 to	17
Report of the Independent Auditors	18 to	21
Statement of Financial Activities	22
Balance Sheet	23
Cash Flow Statement	24
Notes to the Cash Flow Statement	25
Notes to ths Financial Statements	26 to	42

TRUSTEES	C W Arnold
	R A Barradas Slmoes
	J M Brady
	RAJS Glllam
	L K Iredale
	K BO'Hare
	M Parikh
	C Price
	N M Ramshaw
	S SSambht
	M Wilson
	B Kukadai-Moran		(resigned			18/1/2023)
COMPANY SECRETARY	H Anderson
REGISTERED OFFICE	Patrick Studios
	St Marys Lane
	Leeds
	West Yorkshire
	LS97EH
REGISTERED COMPANY	03598612(England			and	Wales)
NUMBER
REGISTERED CHARITY	1077401
NUMBER
AUDITORS	Halnes Watts
	Chartered Accountants				&
	Statutory Auditors
	3rd Floor
	56 Wellington	Street
	Leeds
	West Yorkshire
	LS1 2EE
SOLICITORS	Blacks Solicitors		LLP
	City Point
	29 King Street
	Leeds
	LS1 2HL
BANKERS	Unity Trust Bank
	Four Brlndteyplace
	Birmingham
	B12JB

for the Year Ended 3	1 March 20	23
						2023	2022
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
							as restated
			Notes	f			6
INCOME AND ENDOWMENTS		FROM
Donations and legacies			3	205,369		205,369	219,266
Charitable activities			6
Core				187,016		187,016	6,165
National grants				55,036	186,090	241,126	373,555
Rent ofstudio space				119,985		119,985	182,032
Temporary spaces				476,392		476,392	535,391
Regional grants				10,658		10,658	20,000
Other trading activities			4	68,719	1,800	70,519	63,478
Investment Income			5	9,896		9,896	814
Other Income			7	22,356		22,356	286,828
Total				1,155,427	187,890	1,343,317	1,687,529
EXPENDITURE ON
Charitable activities
Charitable activities				2,431		2,431
Core				389,914		389,914	442,530
Temporar)r spaces				463,877		463,877	346,396
Studio spaces				142,810		142,810	121,305
Other proJects				157,899	605,951	763,850	355,442
Art hostel				331,118	25,984	357,102	189,382
Total				1,488,049	631,935	2,119,984	1,455,055
NET INCOME)(EXPENDITURE)				(332,622)	(444,045)	(776,667)	232,474
RECONCILIATION	OF FUNDS
Total funds brought	forward			1,382,071	2,542,379	3,924,450	3,691,976
TOTAL FUNDS CARRIED FORWARD				1,049,449	2,098,334	3,147,783	3,924,450

Balance Sheet 31 March 2023
				2023	2022
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
					as restated
	Notes		f		f
FIXEDASSETS
Tangible assets	16	1,034,303	2,057,743	3,092,046	3,184,314
Investments	17	413		413	413
		1,034,716	2,057,743	3,092,459	3,184,727
CURRENT ASSETS
Debtors	18	211,608		211,608	201,691
Cash at bank		684,488	40,591	725,079	1,363,423
		896,096	40,591	936,687	1,565,114
CREDITORS
Amounts felling due within one year	19	(190,998)		(190,998)	(124,753)
NET CURRENT ASSETS		705,098	40,591	745,689	1,440,361
TOTAL ASSETS LESSCURRENT
LIABILITIES		1,739,814	2,098,334	3,838,148	4,625,088
CREDITORS
Amounts falling due after more than one year 20		(690,365)		(690,365)	(700,638)
NET ASSETS		1,049,449	2,098,334	3,147,783	3,924,450
FUNDS	22
Unrestricted funds				1,049,449	1,382,071
Restricted funds				2,098,334	2,542,379
TOTAL FUNDS				3,147,783	3,924,450

ACTIVITIES
						2023	2022
							as
							restated
							f
Net (expenditure)/income			for the reporting		period (as per the
Statement of Financial Activities)						(776,667)	232,474
AdJustments	for:
Depreciation	charges					101,082	103,590
Interest received						(9,896)	(814)
Interest paid						52,118	26,647
Ad)ustments						(8,444)
Decrease/(increase)		in debtors				33,966	(3,216)
Increase/(decrease)		In creditors				64,727	(209,849)
Net cash (used In)/provided				by operations		(543,114)	148,832
ANALYSIS OF CHANGES			IN	NET FUNDS
					At 1/4/22	Cash flow	At 31/3/23
					f	f	f
Net cash
Cash at bank					1,363,423	(638,344)	725,079
					1,363,423	(638,344)	725,079
Debt
Debts falling	due within 1 year				(30,389)	(1,518)	(31,907)
Debts falling	due after 1 year				(700,638)	10,273	(690,365)
					(731,027)	8,755	(722,272)
Total					632,396	(629,589)	2,807

over their useful lives on the following b	ases:
Freehold land and buildings	2%,2.5%and	5%straight	line
Tenants Improvements	Straight line over the lease		term
Leasehold Improvements	7years straight	line
Fixtures and fittings	20% reducing	balance
Computer equipment	3years straight	line

				2023	2022
					as
					restated
Donations				30	15,751
Gift aid				50	650
Grants				205,289	202,865
				205,369	219,266
Grants received,	Included		in the above, are as follows:
				2023	2022
					as
				f	restated f
Leeds City Council - Arts@Leeds Grant				45,000	45,000
Art Council England		- NPO Grant		160,289	157,865
				205,289	202,865

for th	e Year Ended 31 March 2023	e Year Ended 31 March 2023	e Year Ended 31 March 2023	e Year Ended 31 March 2023	e Year Ended 31 March 2023
4.	OTHER TRADING ACTIVITIES
							2023	2022
								as
							f	restated f
	Other Income						70,519	63,478
5.	INVESTMENT INCOME
							2023	2022
								as
								restated
								8
	Deposit account		Interest				9,896	807
	Co-op dividend		and Interest					7
							9,896	814
6.	INCOME FROM CHARITABLE ACTIVITIES
							2023	2022
								as
								restated
					Activity			8
	Income from charitable
	activities				Core		187,016	6,165
	Grants				National	grants	241,126	373,555
	Rent of studio space				Rent of	studio space	119,985	182,032
	Donations	and recharges
	from temporary		space
	programme				Temporary spaces		476,392	535,391
	Grants				Regional	grants	10,658	20,000
							1,035,177	1,117,143
	Grants received,		Included	in	the above, are as follows:
							2023	2022
								as
								restated
								8
	Grants
							251,784	393,555

			2023	2022
				as
				restated
				6
Business	continuity	grants		252,143
Kickstarter	grants		22,356	34,685
			22,356	286,828

					Direct	Support
					Costs (see	costs (see
					note 9) f	note 10) f	Totals f
	Charitable activities				2,069	362	2,431
	Core				332,557	57,357	389,914
	Temporary spaces				461,141	2,736	463,877
	Studio spaces				139,879	2,931	142,810
	Other proJects				722,735	41,115	763,850
	Art hostel				357,039	63	357,102
					2,015,420	104,564	2,119,984
9.	DIRECT COSTS			OF CHARITABLE ACTIVITIES
						2023	2022
							as
							restated
						f	f
	Staff costs					660,287	580,113
	ProJect expenses					187,993	89,577
	Direct costs					385,605	257,882
	Other staffing	costs				38,726	14,401
	Programme costs					290,754	131,364
	Bad and doubfful			debts		22,874	7,868
	Irrecoverable	VAT				43,551	20,599
	Premises costs					214,298	139,970
	Artists fees					7,261	15,785
	Depreciation					114,886	103,590
	Interest payable		and similar charges			49,185	24,278
						2,015,420	1,385,427

						Governance
				Management f		costs f	Totals f
Charitable	activities				362		362
Core				10,710		46,647	57,357
Temporary		spaces		2,610		126	2,736
Studio spaces				2,931			2,931
Other pro)acts				41,115			41,115
Art hostel					63		63
				57,791		46,773	104,564
NET INCOME/(EXPENDITURE)
Net Income/(expenditure)			is stated after charging/(crediting):
						2023	2022
							as
							restated
							6
Audit and	accountancy					11,300	15,327
Depreciation		- owned assets				114,887	103,589

STAFF COSTS
	2023	2022
		as
	f	restated f
Wages and salaries	596,199	523,698
Social securlly costs	47,321	41,163
Other pension costs	16,767	15,252
	660,287	580,113

			2023	2022
				as
				restated
Employees			27	20
No employees	received emoluments	In excess of260,000.

During the year the total remuneration paid to key management perso 8122,789).	During the year the total remuneration paid to key management perso 8122,789).	During the year the total remuneration paid to key management perso 8122,789).	During the year the total remuneration paid to key management perso 8122,789).	During the year the total remuneration paid to key management perso 8122,789).	nnel was f11	3,986 (2022
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				fund	funds	funds
						as restated
						F
INCOME AND ENDOWMENTS			FROM
Donations and legacies				219,266		219,266
Charitable activities
Core				6,165		6,165
National grants				71,876	301,679	373,555
Rent ofstudio space				182,032		182,032
Temporary spaces				535,391		535,391
Regional grants					20,000	20,000
Other trading activities				52,637	10,841	63,478
Investmentlncome				814		814
Otherincome				286,828		286,828
Total				1,355,009	332,520	1,687,529
EXPENDITURE ON
Charitable activities
Charitable activities
Core				95,683	346,847	442,530
Temporary spaces				346,396		346,396
Studio spaces				121,305		121,305
Other pro)acts				355,442		355,442
Art hostel				157,875	31,507	189,382
Total				1,076,701	378,354	1,455,055
NET INCOMEI(EXPENDITURE)				278,308	(45,834)	232,474
Transfers between	funds			8S,9S6	(88,986)
Net movement In funds				367,294	(134,820)	232,474
RECONCILIATION	OF FUNDS
Total funds brought		forward
As previously reported				1,058,660	2,677,199	3,735,859
Prior year adJustment				(43,883)		(43,883)
As restated				1,014,777	2,677,199	3,691,976
TOTAL FUNDS CARRIED FORWARD				1,382,071	2,542,379	3,924,450

TANGIBLE FIXEDASSETS
		Improvements	Fixtures
	Freehold	to	and
	property f	ploperty	fINngs f
COST
At 1 April 2022	3,388,690	71,603	184,731
Additions	9,439		13,180
Dieposals
At 31 March 2023	3,398,129	71,603	197,911
DEPRECIATION
At 1 April 2022	424,528	852	40,030
Charge for year	69,905	10,229	31,162
Eliminated on disposal
At 31 March 2023	494,433	11,081	71,192
NET BOOK VALUE
At 31 March 2023	2,903,696	60,522	126,719
At 31 March 2022	2,964,162	70,751	144,701
	Tenants	Computer
	Improvements f	equipment 6	Totals f
COST
At 1 April 2022	142,555	76,016	3,863,595
Additions			22,619
Disposals	(13,804)		(13,804)
At 31 March 2023	128,751	76,016	3,872,410
DEPRECIATION
At 1 April 2022	140,327	73,544	679,281
Charge for year	2,229	1,362	114,887
Eliminated on disposal	(13,804)		(13,804)
At 31 March 2023	128,752	74,906	780,364
NET BOOK VALUE
At 31 March 2023		1,110	3,092,046
At 31 March 2022	2,228	2,472	3,184,314

FIXEDASSET INVESTMENTS
	Unlisted
	Investments
	8
MARKET VALUE
At 1 April 2022 and 31 March 2023	413
NET BOOK VALUE
At 31 March 2023	413
At 31 March 2022	413

Ths charity purchased	f50 of Investment	f50 of Investment	f50 of Investment	on 19	September	2007	which	was	allocated	Into	the Phone
Co-op share capital account.			The charity	receives dividends		as a	percentage		on their call		expenditure
and Interest as a percentage			of their Investment		which Is retained		within	their	Investment	share capital
account.
DEBTORS:AMOUNTS	FALLING DUE WITHIN				ONE YEAR
									2023		2022
											as
											restated
											f
Trade debtors									110,196		27,706
Other debtors									66,943		157,645
Prepayments and accrued		income							34,469		16,340
									211,608		201,691
CREDITORS: AMOUNTS		FALLING DUE		WITHIN ONE YEAR
									2023		2022
											as
											restated
									f		f
Bank loans and ovsrdrafts		(see note 21)							31,907		30,389
Trade creditors									60,974		30,696
Social security and other taxes									12,407		9,802
Other creditors									20,421		19,930
Accrusls and deferred	income								65,289		33,936
									190,998		124,753

MOVEMENT IN FUND	S
			Net
			movement	At
		At 1/4/22	in funds	31/3/23
		f	f	f
Unrestricted funds
General fund		1,382,071	(332,622)	1,049,449
Restricted funds
Capital Project		1,160,657	(39,676)	1,120,981
Barkston Ceramics		6,200	(2,090)	4,110
MARYS Capital Pro)ect		455,890	(22,589)	433,301
Programme CLLD		5,069	(5,069)
ACE Convention House		319,509	(19,930)	299,579
Leeds CC Convention	House	82,535	1,800	84,335
Programme GUILD		82,086	(82,086)
WYCA Bike Shed		5,000	(5,000)
Add Fuel		27,279	(3,317)	23,962
Art Hostel Commissions		13,992	(2,978)	11,014
Art Hostel Refurbishment		138,443	(23,006)	115,437
WYCA		9,688	(9,688)
Garfield Weston		143,507	(142,892)	615
Haribo Happiness		574	4,426	5,000
DCMS - CRF Grant Round One		91,950	(91,950)
		2,542,379	(444,045)	2,098,334
TOTAL FUNDS		3,924,450	(776,667)	3,147,783

Net movement In funds	, Included In the above	are as follows:
		Incoming	Resources	Movement
		resources f	expended f	in funds 8
Unrestricted funds
General fund		1,155,427	(1,488,049)	(332,622)
Restricted funds
Capital Project			(39,676)	(39,676)
Barkston Ceramics			(2,090)	(2,090)
MARYS Capital Project			(22,589)	(22,589)
Programme CLLD			(5,069)	(5,069)
ACE Convention House			(19,930)	(19,930)
Leeds CC Convention	House	1,800		1,800
Programme GUILD		180,828	(262,914)	(82,086)
WYCA Bike Shed			(5,000)	(6,000)
Add Fuel			(3,317)	(3,317)
Art Hostel Commissions			(2,978)	(2,978)
Art Hostel Refurbishment			(23,006)	(23,006)
WYCA			(9,688)	(9,688)
Garfield Weston		262	(143,154)	(142,892)
Haribo Happiness		5,000	(574)	4,426
DCMS - CRF Grant Round One			(91,950)	(91,950)
		187,890	(631,935)	(444,045)
TOTAL FUNDS		1,343,317	(2,119,984)	(776,667)

Comparatlves fo	r movem	ent In funds
			Prior	Net	Transfers
			year	movement	between	At
		At 1/4/21 f	adjustment f	in funds 6	funds f	31/3/22 f
Unrestricted funds
General fund		1,058,660	(43,883)	278,308	88,986	1,382,071
Restricted funds
Capital Project		1,189,337		(28,680)		1,160,657
DCMS - CRF Grant
Round Two				88,986	(88,986)
Barkston Ceramics		8,773		(2,573)		6,200
MARYS Capital Project		455,890				455,890
Programme CLLD				5,069		5,069
ACE Convention	House	343,221		(23,712)		319,509
Leeds CC Convention
House		82,535				82,535
Programme GUILD		45,529		36,557		82,086
WYCA Bike Shed		5,000				5,000
Add Fuel		27,279				27,279
Art Hostel Commissions		13,992				13,992
Art Hostel
Refurbishment		149,950		(11,507)		138,443
Powerto Change		12,550		(12,550)
WYCA		9,688				9,688
Garfield Weston		165,749		(22,242)		143,507
Harlbo Happiness		5,000		(4,426)		574
DCMS - CRF Grant
Round One		162,706		(70,756)		91,950
		2,677,199		(45,834)	(88,986)	2,542,379
TOTAL FUNDS		3,735,859	(43,883)	232,474		3,924,450

Comparative net movement In funds, Included	In the above are as follow	s:
	Incoming	Resources	Movement
	resources f	expended f	In funds f
Unrestricted funds
General fund	1,355,009	(1,076,701)	278,308
Restricted funds
Capital Project		(28,680)	(28,680)
DCMS - CRF Grant Round Two	118,421	(29,435)	88,986
Barkston Ceramics		(2,573)	(2,573)
ARG Restart Grant	20,000	(20,000)
Programme CLLD	10,841	(5,772)	5,069
ACE Convention House		(23,712)	(23,712)
Programme GUILD	183,258	(146,701)	36,557
Art Hostel Refurbishment		(11,507)	(11,507)
Power to Change		(12,550)	(12,550)
Garfield Weston		(22,242)	(22,242)
Haribo Happiness		(4,426)	(4,426)
DCMS - CRF Grant Round Ons		(70,756)	(70,756)
	332,520	(378,354)	(45,834)
TOTAL FUNDS	1,687,529	(1,455,055)	232,474

A current year 12	months	and prior year 12	months combin	ed position Isa	s follows:
			Prior	Net	Transfers
			year	movement	between	At
		At 1/4/21 f	adjustment f	In funds f	funds f	31/3/23 f
Unrestricted funds
General fund		1,058,660	(43,883)	(54,314)	88,986	1,049,449
Restricted funds
Capital Project		1,189,337		(68,356)		1,120,981
DCMS - CRF Grant
Round Two				88,986	(88,986)
Barkston Ceramics		8,773		(4,663)		4,110
MARYS Capital Project		455,890		(22,589)		433,301
ACE Convention	House	343,221		(43,642)		299,579
Leeds CC Convention
House		82,535		1,800		84,335
Programme GUILD		45,529		(45,529)
WYCA Bike Shed		5,000		(5,000)
Add Fuel		27,279		(3,317)		23,962
Art Hostel Commissions		13,992		(2,978)		11,014
Art Hostel
Refurbishment		149,950		(34,513)		115,437
Powerto Change		12,550		(12,550)
WYCA		g,eee		(9,688)
Garfield Weston		165,749		(165,134)		615
Harlbo Happiness		5,000				5,000
DCMS - CRF Grant
Round One		162,706		(162,706)
		2,677,199		(489,879)	(88,986)	2,098,334
TOTAL FUNDS		3,735,859	(43,883)	(544,193)		3,147,783