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2023-03-31-accounts

Company Registration Number 04498181 Registered Charity Number 1094134

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE)

REPORT AND ACCOUNTS For the year ending 31 March 2023

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT For the year ended 31 March 2023

The Trustees, who are also Directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Pyramid of Arts Charity registration number 1094134 Company registration number 04498181 (England and Wales) Registered office Unit 62, Barkston House, Croydon Street, Leeds LS11 9RT

Trustees

For the purposes of the Companies Act 2006, the Board of Trustees is the Board of Directors of the charitable company and is referred to as the Trustees throughout this report.

The Trustees of Pyramid of Arts during the period and to the date of signing this report are as follows:

Mrs R A Lehany (Chair) Mr L J Hirst (Vice Chair) Ms A J G Andrews Mx A-M Atkinson Ms L D Buchan Resigned 21 October 2022 Ms G Crawshaw Appointed 19 July 2022 Ms A Goose Appointed 21 July 2022 Ms D Hart Mr A Marshall Resigned 11 August 2022 Company Secretary Mrs S Cockburn Bankers Co-operative Bank plc, PO Box 101, 1 Balloon Street, Manchester M60 4EP

Independent Examiner Mr P O’Hara FCA, Chartered Accountant, 4 Stoneyhurst Road West, Gosforth, Newcastle upon Tyne NE3 1PG

2

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT

For the year ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued)

Governing Documents

Pyramid of Arts (Pyramid) was originally established as a charitable project of People in Action (Leeds), before becoming independent in 2002.

Pyramid of Arts is a charitable company limited by guarantee, incorporated on 29 July 2002 and registered as a charity on 10 October 2002.

The charity is controlled by its governing document, its Memorandum and Articles of Association and constitutes a limited company, limited by guarantee, as defined by the Companies Act.

The Directors of the company are also Trustees of the charity.

Eligibility for membership of the charity, and membership of the Board of Trustees, is governed by the Articles of Association. There are no restrictions in the governing document on the operation of the charity other than those imposed by general charity law.

Charitable Purpose

Pyramid of Arts’ charitable objects are to promote any charitable purpose for the benefit of people with learning disabilities or which promotes the integration of people with learning disabilities into society as a whole and, in particular, to:

Structure and Governance

The charity currently has a Board of 8 non-executive Trustees. The Articles of Association provide for a Board of Trustees comprising no fewer than three, but no more than nine individuals who are members of the company. New Trustees are elected by the members of the company at the Annual General Meeting.

The Charity also has a ‘Members’ Council’ – a delegated sub-committee of the Board of Trustees made up of members with learning disabilities, who have the same voting rights as Trustees but no liabilities.

The Board of Trustees, acting by simple majority, has the power to co-opt persons as additional members of the board provided the maximum number of trustees is not exceeded. Such co-opted members remain in office only until the next Annual General Meeting.

The Board meets a minimum of four times per year or more frequently if the need arises.

Detailed written Board reports and an agenda are prepared by the Director and circulated in advance of meetings. Each meeting considers finance, organisational development, health and safety, service delivery and the charity’s risk register.

3

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT

For the year ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued)

Recruitment and Appointment of Board of Trustees

Trustees are elected to the Board based on discussions and recommendations offered by Trustees and outside advisors to the organisation, as well as through a range of advertising channels.

Trustee Induction and Training

New Trustees are inducted by the Chair of the Board and Director and are provided with a range of resources to support their understanding of Pyramid activities.

Grant Making Policy

The charity does not currently engage in grant-making activity.

The Contribution of Volunteers

The charity makes extensive use of volunteers within its productions and to support its activities.

Risk Management

The Trustees confirm that Pyramid of has a risk management strategy in place which comprises:

The Trustees are satisfied that appropriate financial systems and controls and employment policies and practices are in place.

The Trustees consider the key risks facing the charity at this time to be the inability to attract sufficient income or to be overly reliant upon a single source of income. Financial and operational plans are reviewed regularly to ensure that a diverse range of income streams can be attracted.

The Trustees also manage the general financial risks arising by ensuring that:

4

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT

For the year ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT (Continued)

Reserves Policy

The Trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission.

The Trustees aim to firstly hold a level of unrestricted Reserves which enables the charity to have sufficient financial resources to meet various liabilities which would crystallise if Pyramid’s funding were to be withdrawn and/or it were unable to continue operating.

At present, the Trustees estimate that the Unrestricted Reserves required for such purposes amount to approximately £63,000. This amounts to £51,000 to cover redundancy costs, notice periods and property liabilities, as well as £12,000 for an appropriately managed winddown of existing projects and groups so as to minimise any adverse impact for participants.

If possible, the Trustees then aspire to retain an additional allowance of £20,000 to enable the charity to respond flexibly to issues or appropriate initiatives which might be identified outside of its annual budgeting process.

The total unrestricted reserves required are therefore £83,000.

The charity’s total Unrestricted Reserves at 31 March 2023 are £34,728 (2022: £102,723).

As Pyramid is also raising money for a new building, aiming to raise up to £320,000 by 2028, additional to the £83,000 mentioned above, a Designated Fund was previously created, into which all donations since 2018/19 have been transferred and which stood at £23,286 at 31 March 2022.

However, in light of the current overall financial position, the Trustees have agreed to un-designate these funds for the time being. The position will be reviewed further when Pyramid’s financial position improves and it is closer to the target level of unrestricted reserves.

Consequently, free Unrestricted Funds at 31 March 2023, defined as total Unrestricted Funds less any Designated Funds minus the value of Tangible Fixed Assets, are £22,465.

The Trustees aim to restore unrestricted funds to reach the aspirational level through their budgeting processes within two to three years.

This policy will be reviewed by the Trustees on an annual basis as part of the charity’s budgeting processes.

Investment Policy

The Trustees have considered the most appropriate policy for the investment of funds and have decided that, given the sometimes-significant demand on working capital, investment in the form of cash is the most appropriate policy. The Trustees have no specific ethical stance on investments held.

5

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT For the year ended 31 March 2023

OBJECTIVES AND ACTIVITIES

Aims and Objectives

Pyramid works to establish inclusive creative communities that engage and empower people regardless of their level of disability or disadvantage. It specialises in arts provision that includes people with learning disabilities, enabling them to work with the wider arts community and as professional artists in quality creative projects. Its emphasis is on collaboration and collective achievement.

The Trustees understand and have discussed the implications of the provisions of the Charities Act 2006, which state that all charities must demonstrate that they are established for public benefit, and have had due regard to the public benefit guidance issued by the Charity Commission. The Trustees believe that the charity meets both of the key principles.

Pyramid invests in people with learning disabilities through the discovery, development and disruption of the arts.

Pyramid is a collective of around 120 artists with and without learning disabilities who work together to explore and develop their creativity, and to make great art for a wide public. This constitutes around 30 freelance artists and volunteers that Pyramid works with regularly to run its groups and around 90 artists with learning disabilities, approximately half of whom attend more than one group.

Pyramid recruits all participants on the basis of their active interest in or curiosity about the arts. Each regular group and activity run by Pyramid has a mix of freelance arts professionals, volunteers and members with learning disabilities.

Participation in the groups benefits all members, and benefits include:

The groups are also a great deal of fun, and, in many cases, friendships formed in the groups last for many years.

All volunteers and professionals are encouraged to take part in our training programme which has been developed over 33 years.

Pyramid also provides one to one support for artists with learning disabilities who wish to develop their skills in a particular artform, or for artists with learning disabilities whose support needs are such that they are unable to take part in group activity. One-to-one activity is currently provided for 13 artists with learning disability.

Pyramid’s beneficiaries are therefore entirely appropriate to its aims and the public as a whole benefits from its work.

6

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT

For the year ended 31 March 2023

ACHIEVEMENTS AND PERFORMANCE

Summary of the main achievements of the charity during the year

We delivered a total of 1,050 sessions this year of which 590 sessions were group activity in our ‘Discover’ programme, and 460 sessions were one to one work in our ‘Development’ programme. We worked with around 100 artists with learning disabilities, many of whom attended more than one group or activity.

Our Discover Groups continued to meet and we were excited to be returning to a more publicfacing programme with the removal of lockdown restrictions. Our Eden Group were commissioned by Leeds City Council to create ‘Twinkleboom’ – an large-scale interactive musical instrument responding to the restoration of Leeds Town Hall and its historic organ. Our Next Step Pyramid and Ribblehead Groups contributed work (including a giant shark) to ‘A Walk in the Park’, a celebration of 150 years of Roundhay Park by theatre company A Quiet Word. Our High Rise Music Group worked with staff and performers from Opera North to create their a response to the production of ‘La Traviata’; ‘The Soul of a Soldier’ was a beautiful, thoughtful story and music performance, which the group performed live to a large audience at Opera North’s Howard Assembly Room. Our Legends Group worked on a series of projects to brighten up the exterior of our base in Holbeck, creating decorative signage and a beautiful sensory ‘yarden’ in our outdoor space. The Eden Group ended the year setting up the Pyramid Detective Agency, and solving a crime in ‘The Mystery of Barkston House’.

Experimental noise-rock band Ultimate Thunder finally released their debut eponymous album in July, with press coverage and radio play nationally and internationally. The band celebrated with a memorable launch party and performance at Sheaf Street Café.

Our new Visioning Group began to meet regularly from January onwards. The group consists of artists with learning disability who function as a delegated sub-committee of the Board of Trustees, and they are working with artist Penny Lewis and director James Hill throughout 2023 to write Pyramid’s next Strategic Plan, and to explore ways in which our members can be more meaningfully involved in the leadership of the organisation.

We also worked one to one with 13 artists via our Development Schemes, and they too created an impressive public programme. Artists Alfie Fox and Stephen Harvey contributed new work to Leeds City Council’s ‘Money Talks’ exhibition at the City Museum. ‘Apron or Hairdryer: A Matthew Watson Experience’ was screened at the Howard Assembly Rooms as part of the Leeds International Film Festival. Our Arts Council funded BEYOND Artist Development Scheme supported four artists (Andrew Towse, Howard Haigh, Stephen Harvey and Jem Clancy) to create work and solo exhibitions at Archive events space, Leeds Industrial Museum at Armley Mills and Leftbank.

We continue to run short-term projects specifically designed to address social barriers to the inclusion of people with learning disabilities and autism. Our Irregular Art School project worked in partnership with Assembly House (artist-led space in Leeds) and the School of Fine Art, History of Art and Cultural Studies at the University of Leeds to explore ways in which institutions can better support the development of artists with learning disabilities. The group created an exhibition at Assembly House in September.

7

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT

For the year ended 31 March 2023

ACHIEVEMENTS AND PERFORMANCE (CONTINUED)

Summary of the main achievements of the charity during the year (Cont.)

Funded by Leeds City Council’s Employment and Skills service, we ran three iterations of ‘Developing You’ an employability and well-being course tailored to people with learning disabilities and autism. Pyramid hosted the city’s Autism and Learning Disability Digital Inclusion Coordinator, who works across the city to improve digital inclusion.

In March we played host to our friends from KCAT, an excellent inclusive arts studio in Kilkenny, Republic of Ireland, as part of our British Council funded Axis exchange programme.

Financial Review

The out-turn for the year is an unrestricted deficit of £67,995 (2022: deficit £20,912). This leaves a balance on Unrestricted Funds at 31 March 2023 of £34,728.

PLANS FOR FUTURE PERIODS

We will continue to support people with learning disabilities and autism to discover the arts and develop as artists through our programmes of groups and one-to-one work.

Our new Strategic Plan for 2024-2028 will be completed this year, for the first time written by our members. The plan will focus on ways of improving the physical space and the services that we offer so that we can optimise development opportunities within the organisation for the support of artists. Increasingly we see a role for Pyramid working in partnership with other, often larger, organisations such as Leeds City Council, the NHS and academic institutions to improve the infrastructure of support available to people and artists with learning disability and autism. This will include exploring more flexible models of social care support for artists with learning disabilities, supporting artists to understand the implications of getting paid for their work and working internationally with organisations and cultural institutions to learn and teach about better ways of running inclusive arts spaces.

8

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT

For the year ended 31 March 2023

RESPONSIBILITIES OF THE TRUSTEES

The Trustees (who are also the Directors of Pyramid of Arts for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed by order of the Trustees

Sarah Cockburn Company Secretary Company Registration Number 04498181

15 May 2023

9

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF PYRAMID OF ARTS LIMITED YEAR ENDED 31 MARCH 2023

I hereby report to the Trustees/Members of Pyramid of Arts (Charity Registration Number 1094134) on my examination of the accounts for the year ended 31 March 2023 set out on pages 11 to 24.

Responsibilities and basis of report

As the charity’s Trustees (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company 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 your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent Examiner’s Statement

Since the Company’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountant in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods or principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Pete O’Hara, FCA, Chartered Accountant Fellow of the Institute of Chartered Accountants in England & Wales

4 Stoneyhurst Road West, Gosforth, Newcastle upon Tyne NE3 1PG

15 May 2023

10

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Note
Income
Income from Investments
3
Income from Donations and
Legacies
4
Income from Charitable Activities
5
Total Income
Expenditure
Expenditure on Charitable Activities
6
Total Expenditure
Net Income/(Expenditure)
Balance brought forward at 1 April
Balance carried forward at 31
March
13		 Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
£
£
£
£
20
-
20
4
5,693
-
5,693
7,641
117,283
228,384
345,667
393,290
122,996
228,384
351,380
400,935
190,991
247,529
438,520
435,077
190,991
247,529
438,520
435,077
(67,995)
(19,145)
(87,140)
(34,142)
102,723
102,041
204,764
238,906
£34,728
£82,896
£117,624
£204,764

The notes on pages 13 to 24 form part of the financial statements.

All of the activities of the company are classed as continuing.

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

11

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL POSITION/BALANCE SHEET AS AT 31 MARCH 2023

Notes
Fixed Assets
Tangible Fixed Assets
9
Current Assets
Debtors
10
Cash At Bank and In Hand
Creditors – Amounts Falling Due Within 1 Year
11
Net Current Assets/(Liabilities)
Total Net Assets
12
Represented by:
Unrestricted Reserves
13
Restricted Reserves
13		 2023
2022
£
£
16,272
20,635
70,424
104,375
63,497
113,869
133,921
218,244
(32,569)
(34,115)
101,342
184,129
£117,624
£204,764
34,728
102,723
82,896
102,041
£117,624
£204,764

The notes on pages 13 to 24 form part of the financial statements.

The Trustees are satisfied that for the year ended 31 March 2023 the charity was entitled to exemption under section 477(2) of the Companies Act 2006.

The Trustees also confirm that the Members have not required the charity to obtain an audit in accordance with section 476 of the Companies Act 2006

The Trustees acknowledge their responsibilities for:

(i) ensuring that the charity keeps adequate accounting records which comply with section 386 of the Act, and

(ii) preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the charity.

These financial statements were approved and signed by a Member of the Board of Trustees on 15 May 2023.

Ros Lehany Trustee Company Registration Number 04498181

12

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting Policies

Basis of Preparation

These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 – 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006 and the Statement of Recommended Practice (Charities SORP FRS 102) "Accounting and Reporting by Charities" and the Charities Act 2011.

The financial statements have been prepared on the historical cost basis, modified to include certain financial instruments at fair value.

Advantage has been taken of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a statement of cashflows.

The financial statements are prepared in sterling, which is the functional currency of the charity.

Taxation Status

Pyramid of Arts is a Charity registered under the 1960 Charities Act and is accorded exemption from liability to taxation on its income under S505 Income and Corporation Taxes Act 1988.

Going Concern

There are no material uncertainties about the charity's ability to continue.

Income

All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy.

The following specific policies are applied to particular categories of income:

13

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting Policies (Continued)

Irrecoverable VAT

All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Pension Scheme

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Tangible Fixed Assets and Depreciation

Depreciation is provided on any fixed assets at rates calculated to write off the assets over their remaining useful lives as follows:

IT and Office Equipment - 33% per annum straight line

A full year’s depreciation charge is applied in the year of acquisition and no charge is made in the year of disposal.

Impairment of Fixed Assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial Instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost where there is a material adjustment.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity.

Designated funds are unrestricted funds earmarked by the Trustees for specific purposes.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor.

14

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

2. Legal Status

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. The company law members of the charity are the members of its Board of Trustees.

3. Income from Investments

Interest on Cash Deposits Unrestricted
Funds
£
Restricted
Funds
£
2023
£
2022
£
20
-
20
4
£20
£-
£20
£4

The 2022 total of £4 relates solely to Unrestricted Funds.

4. Income – Donations and Legacies

Donation - Amazon
Other Donations & Gift Aid		 Unrestricted
Funds
£
Restricted
Funds
£
2023
£
2022
£
-
-
-
3,000
5,693
-
5,693
4,641
£5,693
£-
£5,693
£7,641

The 2022 total of £7,641 relates solely to Unrestricted Funds.

15

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

5. Income from Charitable Activities

Grant Income
Access Fund North
AHRC / University of Leeds
Arts Council England (ACE) - BEYOND
Why Don’t We
ACE – Capital Investment Fund
ACE - Cultural Recovery Fund
ACE – Pyramid The Album
ACE / Alfie Fox – Leeds Access Cloaks
Aspire Community Benefit Society
Bradford MDC – Why Don’t We
British Council
Global Action Plan - Clean Air Vision
Inclusion International
Leeds CC - arts@leeds
Leeds CC - arts@leeds Restart
Leeds CC – Leeds Inspired – Music Hubs
Leeds CC Town Hall Commercial Team
Leeds Civic Trust
Leeds Community Foundation - Strategic
Fund
Leeds Community Foundation - Learning
Disability Developing You
MENCAP - Let’s Get Digital
National Lottery Community Fund
NHS / 100% Digital Leeds - Aladdin
Coordinator
Opera North
Other Grants – Over-Accrual 20/21
Why Don’t We Charity
Earned Income
Membership/Session Fees
Other Income		 Unrestricted
Funds
£
Restricted
Funds
£
2023
£
2022
£
-
-
-
329
-
11,376
11,376
7,584
-
62,600
62,600
-
-
14,031
14,031
-
-
-
-
33,500
-
(268)
(268)
-
-
22,958
22,958
-
-
39,939
39,939
39,939
-
6,000
6,000
-
-
-
-
64,229
-
-
-
3,000
-
5,000
5,000
-
-
7,500
7,500
7,500
-
-
-
5,625
-
3,500
3,500
-
-
-
-
22,204
-
-
-
450
-
-
-
15,000
-
9,750
9,750
9,750
-
-
-
6,500
-
-
-
61,063
-
45,748
45,748
28,568
-
250
250
-
-
-
-
(750)
-
-
-
5,765
-
228,384
228,384
310,256
107,382
-
107,382
72,816
9,901
-
9,901
10,218
117,283
-
117,283
83,034
£117,283
£228,384
£345,667
£393,290

Of the 2022 total of £393,290, £115,784 relates to Unrestricted Funds and £277,506 to Restricted Funds.

16

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

6. Expenditure on Charitable Activities

Project Costs
Salaries and On Costs
Project Work
Marketing Costs
Support Costs
Premises Costs
Insurance
Depreciation
Other Support Costs
Governance Costs
Legal and Professional
Accountancy		 Unrestricted
Funds
£
Restricted
Funds
£
Total
2023
£
Total
2022
£
74,554
45,748
120,302
109,093
57,542
191,759
249,301
258,136
4,116
-
4,116
382
136,212
237,507
373,719
367,611
27,531
7,050
34,581
29,614
1,409
-
1,409
1,303
8,372
1,364
9,736
9,467
11,634
1,608
13,242
18,237
48,946
10,022
58,968
58,621
4,393
-
4,393
5,665
1,440
-
1,440
3,180
5,833
-
5,833
8,845
£190,991
£247,529 £438,520
£435,077

Of the 2022 total of £435,077, £144,341 relates to Unrestricted Funds and £290,736 to Restricted Funds.

7. Net Income/(Expenditure)

Net Income/(Expenditure)
2023 2022
£ £
Net income/(expenditure) is stated after charging/(crediting):
Independent Examiner’s Fees – current year 1,440 1,440
Depreciation – Owned Fixed Assets 9,736 9,467

17

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

8. Staff Costs and Trustees’ Remuneration

Gross Salary Costs
Redundancy Costs
Employer’s National Insurance
Employer’s Pension Contributions		 2023
£
2022
£
110,533
102,676
1,129
-
5,126
4,355
2,308
2,062
£119,096
£109,093

No employee received remuneration of more than £60,000 during the year (2022 - Nil).

The average number of staff employed during the year, calculated as full-time equivalents, was as follows:

equivalents, was as follows:
Permanent Staff
Fixed Term Staff
Sessional Workers		 2023
No.
2022
No.
2.5
2.5
1.0
0.6
4.7
3.0
8.2
6.1

The Trustees consider the key management personnel to comprise the Trustees and the Director. The total employee costs of key management personnel amounted to £28,546 (2022: £27,616)

No remuneration has been paid to any Trustees/Directors in the year (2022: £Nil).

Travel and Subsistence expenses of £18 were reimbursed to 2 Trustees in respect of their attendance at meetings of the charity (2022: £Nil).

The charity operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in a separately administered fund. Pyramid makes an employer's contribution of 3% of pensionable pay, provided that the employee makes a minimum contribution of 5%.

These amounts are paid over to the Fund on a monthly basis.

Amounts due to the fund at 31 March 2023 were £Nil (2022: £Nil).

18

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

9. Tangible Fixed Assets

9.
Tangible Fixed Assets
Cost
At 1 April 2022
Additions in year
Disposals
At 31 March 2023
Accumulated Depreciation
At 1 April 2022
Charge for year
Disposals
At 31 March 2023
Net Book Value
At 31 March 2023
At 1 April 2022
10.
Debtors
Trade Debtors
Other Debtors
Prepayments
Accrued Income		 IT and
Office
Equipment
£
Total
£
55,279
55,279
5,373
5,373
(7,863)
(6,978)
52,789
53,674
34,644
34,644
9,736
9,736
(7,863)
(6,978)
36,517
37,402
£16,272
£16,272
£20,635
£20,635
2023
£
2022
£
17,784
32,899
2,033
2,753
825
1,021
49,780
67,702
£70,424
£103,375

19

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

11. Creditors – Amounts Falling Due Within 1 Year

Creditors – Amounts Falling Due Within 1 Year
Other Taxes and Social Security
Trade Creditors
Other Creditors
Accruals		 2023
£
2022
£
-
-
29,655
31,461
1,474
1,214
1,440
1,440
£32,569
£34,115

12. Analysis of Net Assets between Funds

Fixed Assets
Debtors
Cash at Bank and In Hand
Creditors – Amounts Due Within 1 Year		 Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
£
£
£
£
12,263
4,009
16,272
20,635
14,183
56,241
70,424
104,375
40,851
22,646
63,497
113,869
(32,569)
-
(32,569)
(34,115)
£34,728
£82,896 £117,624
£204,764

20

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2023

13. Analysis of Charitable Funds

nalysis of Charitable Funds
Unrestricted Funds
Charity General Fund
Designated Fund – New Premises
Total Unrestricted Funds
Restricted Funds
AHRC / University of Leeds – Irregular
Art School
Arts Council England (ACE) -
BEYOND Why Don’t We
ACE – Capital Investment Fund
ACE – Pyramid The Album
ACE / Alfie Fox – Leeds Access
Cloaks
Aspire Community Benefit Society
Bradford MDC – Why Don’t We
British Council
Inclusion International
Leeds CC - arts@leeds
Leeds CC Leeds Inspired – Music Hub
Leeds CC Town Hall Commercial
Team
Leeds Community Foundation -
Learning Disability Developing You
Leeds Community Foundation
Strategic Fund
Mohn Westlake Arts Engagement
Fund
National Lottery Community Fund
Reaching Communities
NHS / 100% Digital Leeds - Aladdin
Coordinator
Opera North
Total Restricted Funds
Total Funds		 Fund at 1
April 2022
£
Incoming
Resources
in Year
£
Resources
Expended
in Year
£
Fund at 31
March 2023
£
79,437
122,996
(167,705)
34,728
23,286
-
(23,286)
-
102,723
122,996
(190,991)
34,728
-
11,376
(11,376)
-
-
62,600
(35,130)
27,470
-
14,031
(10,022)
4,009
-
(268)
268
-
-
22,958
(12,641)
10,317
-
39,939
(39,939)
-
-
6,000
(6,000)
-
48,685
-
(12,822)
35,863
-
5,000
(5,000)
-
-
7,500
(7,500)
-
-
3,500
(3,500)
-
11,102
-
(11,102)
9,750
9,750
(14,263)
5,237
15,000
-
(15,000)
-
7,327
-
(7,327)
-
10,177
-
(10,177)
-
-
45,748
(45,748)
-
-
250
(250)
-
102,041
228,384
(247,529)
82,896
£204,764
£351,380
£(438,520)
£117,624

21

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

13. Analysis of Charitable Funds (Cont.)

Name of Restricted Fund Description, Nature and Purpose of the
Restricted Fund
AHRC / University of Leeds – Irregular
Art School		 Towards Pyramid artists’ collaboration with
Assembly House and the University’s Faculty of
Art History, Arts and Culture Studies
Arts Council England – BEYOND Why
Don’t We		 Towards the cost of the BEYOND Artists
Development Scheme (BADS) and Why Don’t We
Group
Arts Council England – Capital
Investment Fund		 Towards the cost of developing Pyramid’s
premises and the purchase of equipment
Arts Council England – Pyramid The
Album		 Towards the cost of production of an experimental
prog rock album by Ultimate Thunder, with each
track made in collaboration with a different
Pyramid group
Arts Council England / Alfie Fox –
Leeds Access Cloaks		 Towards the cost of the Leeds Access Cloaks
project
Aspire Community Benefit Society Towards providing opportunities for adults with
learning disabilities to participate in creative
activity
Bradford MDC Towards the Why Don’t We Group, a collective of
artists with learning disabilities
British Council Towards the Axis Artists Exchange Programme
Inclusion International Towards the ‘Inclusive Employment’ film project
Leeds CC IT Services – Digital
Inclusion		 Towards the cost of the post Autism and Learning
Disability Digital Inclusion Coordinator
Leeds CC Town Hall Commercial
Team		 Towards the cost of artwork in relation to the
heritage restoration of the Town Hall organ by the
Eden Group.
Leeds City Council (CC) arts@Leeds Core funding towards work which contributes to
Leeds City Council’s strategic priorities

22

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

13. Analysis of Charitable Funds (Cont.)

Name of Restricted Fund Description, Nature and Purpose of the
Restricted Fund
Leeds Community Foundation -
Learning Disability Developing You		 Towards the cost of an employment-readiness
course for people with learning disabilities
Leeds Community Foundation
Strategic Fund		 Towards the cost of research, development and
engagement activities to produce our 2024-28
strategic plan
Leeds CC – Leeds Inspired – Music
Hub		 Towards the cost of the Pyramid Music Hub
Mohn Westlake Arts Engagement
Fund		 Towards the cost of supporting young adult artists
with learning disabilities to access professional
development opportunities
National Lottery Community Fund
Reaching Communities		 Towards the cost of work with people with
profound and multiple disabilities and their carers.
The funding pays for a project worker, contributes
towards the salary of the Director and covers
direct project and training costs for seven groups
NHS / 100% Digital Leeds - Aladdin
Coordinator		 Towards the cost of the post Autism and Learning
Disability Digital Inclusion Coordinator
Opera North Towards the cost of a bursary for internal training
and development
Why Don’t We Charity Towards the continuation of the Why Don’t We
group

14. Related Party Transactions

There were no transactions in the year with related parties, such as are required to be disclosed under the Financial Reporting Standard for Smaller Entities (Effective April 2008) (2022: Nil).

23

PYRAMID OF ARTS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

15. Taxation

The company is a registered charity and no provision is considered necessary for taxation.

16. Financial Commitments

No material financial commitments have been made in respect of future financial periods.

17. Company Limited by Guarantee

The charity is incorporated under the Companies Act 1985 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding £1 as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.

There are currently 64 members of the company (2022 - 70 members).

18. Operating Lease Commitments

At 31 March 2023 the company had annual commitments under operating leases as follows

Category
Operating leases which expire:
Within two to five years		 Leasehold
Property
£
2,880
£2,880		 Equipment
£
-
**£- **

24