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← Level Centre Limited

2024-03-31-accounts

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78

Level Centre

Charity No. 1124419 Company No. 06323704

Trustees' Report and Unaudited Accounts

31 March 2024

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre Contents

Pages
Trustees' Annual Report 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Summary Income and Expenditure Account 8
Balance Sheet 9
Notes to the Accounts 10 to 19
Detailed Statement of Financial Activities 20 to 22

Page 1

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78

Level Centre Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 06323704

Charity No. 1124419

Principal Office

Old Station Close Rowsley Matlock DE4 2EL

Registered Office

Old Station Close Rowsley Matlock DE4 2EL

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

S.J. Allen J.K. Ashley R. Brown O. Khan L.M.I. Leaf (Resigned 22 December 2023) J. Marshall V.A. Paterson J. Usherwood

Accountants

Peak District Accountants Ltd Nythfa Main Street Elton Matlock DE4 2BU

Page 2

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Trustees Annual Report

OBJECTIVES AND ACTIVITIES

The Charity's objects are to advance education through the arts with special reference to disabled people, learning disabled people and people with complex needs. Its projects seek to create, promote and celebrate the art that difference makes through the operation of accessible arts, projects, workshops and events. Its projects are suitable to the full spectrum of learning disabled people, from those with profound and complex difficulties, through to people who are developing skills in production of new arts work. The programme includes projects that are suitable and accessible to people with major communication difficulties, participatory projects that include opportunities for individuals to express themselves, and structured opportunities for people to create new work.

Central to the Charity's activities was the operation of the Level Centre. The Level Centre provides a wide range of these activities in rural Derbyshire. The Charity's activities cover a wide spectrum of creative projects, research & development programmes and public events in the performing, visual and media arts.

Level Centre Limited's Directors believe that the objects of the Charity, its aims and activities, fully constitute Public Benefit. Its Charitable Purpose is the advancement of education through the provision of cultural activities. It has clear benefits for learning-disabled people that relate directly to this Charitable Purpose. Whilst the benefit of the Charity relates principally to one section of the public (i.e. learning disabled people, their carers and families), the opportunity to benefit is not restricted in any other way.

ACHIEVEMENTS AND PERFORMANCE

2023/2024 has seen a step change in terms of LEVEL’s fundraising, programme development and profile raising. The programme has evolved since our charitable objects were updated last year enabling charitable activities across all age groups and the wider community which has broadened our fundraising opportunities. The Executive Director also completed their Cause 4 fellowship achieving a post graduate certificate in arts fundraising and philanthropy.

During 2023/2024 LEVEL Centre commissioned Brew Projects with Nature Machine, Henry Driver with Water Portals and John Whall with PlayLand. Brew Projects involved an extensive outreach programme with day centres and a pop up at Bakewell Old House Museum. Henry Driver raised environmental themes about our waterways. It was an educational piece that involved the community making a pledge to make a change to help the environment. The project also included planting trees at a nearby wood. PlayLand is the second collaboration with John Whall. A highly popular digital interactive installation. The content was inspired and informed by community workshops across Derbyshire. The final interactive installation included cameo roles featuring Level Makes performance group for learning disabled adults and members of its Youth Collective in the hide n seek element.

Our gallery corridor saw a photographic exhibition by Radical Bodies by Radical Body, public open exhibition, Level Makes in collaboration with Little Canyon with Be Happy With Who You Are, Necklace of Stars and a collective of works by our spotlight award featuring Grace Currie, Daisyland by Corinne an artist who has difficulty leaving the home and Metamorphic Traces by Alex Billingham. LEVEL had two exhibitions off site at Peak Village and SENSE touchbase Pears in Birmingham.

The Residency Lab programme for disabled creatives or those creating accessible ideas welcomed Separate Doors, an inclusive theatre company plus digital artist Alex Bellingham, sound and theatre maker Alfie Heffer, Outdoor arts company Pif Paf, contemporary dancer and BBC young dancer of the year winner Maiya Leeke, Unanima a theatre company for learning disabled people and visual artist Aaron Williamson. In addition we hosted our first Parallel Perspectives residency in collaboration with Old Diorama Arts Centre in London with Bunny Productions.

Page 3

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Trustees Annual Report

LEVEL Makes continues to be the beating heart of the organisation. A year round programme of workshops for learning disabled adults in performing and visual arts took place.

Following the success of the Youth Collective Pilot it was shortlisted for a Fantastic for Families Audience Impact and Innovation award in 2023. We went on to secure a project grant from Derbyshire County Council. We were then successful in securing funds from The National Lottery Heritage Fund and started a 2 year project in January 2024. In addition we secured a project grant from the Victoria Wood Foundation to create Youth Collective Too, a performing arts project for young people who are autistic and neurodivergent.

GLISTEN Fest for audiences with Profound Multiple Learning Disabilities was supported by a public campaign for The Big Give and the People's Postcode Lottery. We programmed Celestial SoundCloud by Pif Paf and SoundplayDome projects alongside workshops and parents and carers activities.

Open days took place including being a part of Fun Palaces and the Big Draw, national Campaign for Drawing.

New Signage was installed and LEVEL staff trained in the Most Significant Change Methodology using storytelling as data.

We remain the Charity of Choice at Peak Village (part of the Devonshire Group). LEVEL Centre was awarded Bronze in the Accessible and Inclusion Award at the 2023/24 Peak District & Derbyshire Tourism Award.

FINANCIAL REVIEW

The attached financial statements show the current state of the finances, which the Directors consider to be sound.

The Directors of Level Centre Limited have determined to hold a sufficient level of reserves (called the Contingency Fund) to cover the operating costs of Level Centre Limited to reflect increased running costs and staff team. The principal funding sources for the 23/24 programme were: Arts Council England and Derbyshire County Council, Children in Need, The National Lottery Heritage Fund, Victoria Wood Foundation and the People's Postcode Lottery. Level Centre Limited does not have any long-term investments.

Funds held as a custodian trustee on behalf of others Level Centre Limited is not currently acting as a custodian trustee for any other body or individual.

PLANS FOR FUTURE PERIODS

2023/2024 saw LEVEL start a three year grant agreement with Arts Council England as a National Portfolio Organisation. We are now in year two of this funding agreement.

In 2024/25 LEVEL Centre will be participating in The Big Give Christmas Challenge with the aim of securing support towards producing GLISTEN Fest for audiences with Profound Multiple Learning Disabilities.

Peak Village has once again sponsored the prizes for the Public Open Exhibition.

2024/2025 sees digital installations with Tech Squad and Create my World, No Sleep Just Clouds by Babeworld in collaboration with Unlimited and The Art House Wakefield, Is this Me! By Ashley James Brown and Silhouette (working title) by Henry Driver. The Gallery Corridor programme for 24/25 includes Gallery Corridor commission in collaboration with QUAD and Isolation art mail by Tracey Meek, the Public Open Exhibition won by Jemma Channing, Level Makes inside outside, The Severed Wing by Corinne and a spotlight Award artist (tbc).

Page 4

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Trustees Annual Report

In 2024/25 we will have two more residencies in partnership with Old Diorama Arts Centre as part of Parallel Perspectives with Tammy Reynolds and Elana, Jonny and Jenny. We will also welcome Raquel Messeguer-Zafe (Candoco Co-Artistic Director) and Ray Young to LEVEL.

In September 2024 LEVEL will start a 10 month LEVEL HED project for young people not in mainstream education. Youth Collective Heritage project continues.

LEVEL will be developing and starting its bio-diverse sensory art garden and creating a workshop and volunteering programme.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Level Centre Limited is incorporated and is constituted by Memorandum and Articles of Association which were updated in 2022 so that the objects reflect our charitable aims. Level Centre Limited is a Company limited by Guarantee and a Registered Charity.

New Directors are appointed by the Directors alone: no other person or body has a right to nominate Directors. The induction of new Directors takes place through the Director's meetings, and through project visits. The Directors from time to time establish subcommittees to undertake a specific piece of work;however, none of these is a standing committee, each of them reporting to the full group of Directors. The sub-committee terminates on completion of its remit.

Level Centre Limited's policy and budget has been established by decision of the Director's through a process of Director's Meetings, and is stated through a Strategic Plan. This Plan normally operates for three years, with a review undertaken on an annual basis to reflect developments in the programme, and the resources and funds available. The Executive Director, in consultation with the staff team, devises and operates a detailed programme to meet the objectives of the strategic plan. The Director's receive quarterly reports on the implementation of the programme and quarterly management accounts. A detailed register of risks is maintained to manage and mitigate the risks affecting Level Centre Limited's operation. Level Centre Limited is not related to any other body. It co-operates with other cultural charities, and charities serving learning -disabled people at a local level to meet mutual objectives. None of these represent a structural collaboration between charities.

Lydia Leaf stepped down as a Director.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to 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 charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

S.J. Allen Trustee 11 September 2024

Page 5

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre Independent Examiners Report

Independent Examiner's Report to the trustees of Level Centre

I report to the charity trustees on my examination of the financial statements of Level Centre for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having 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 your charity's financial statements 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

As the charity'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 ACA, which is one of the listed bodies.

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

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 financial statements to be reached.

M W Thomas ACA Peak District Accountants Ltd Nythfa Main Street Elton Matlock DE4 2BU 11 September 2024

Page 6

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Statement of Financial Activities

for the year ended 31 March 2024

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Investments
6
Other
7
Total
Expenditure on:
Charitable activities
8
Other
9
Total
Net gains on investments
Net income/(expenditure)
10
Transfers between funds
Net income/(expenditure)
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
5,290
7,516
3,477
-		 Restricted
funds
2024
£
25,000
246,365
-
-		 Total funds
2024
£
30,290
253,881
3,477
-		 Total funds
2023
£
25,523
201,069
2,495
22,640
16,283
640
82,206		 271,365
78,167
115,694		 287,648
78,807
197,900		 251,727
98,321
206,650
82,846
-		 193,861
-		 276,707
-		 304,971
-
(66,563)
152,410		 77,504
(152,410)		 10,941
-		 (53,244)
-
85,847 (74,906) 10,941 (53,244)
85,847
163,138		 (74,906)
213,639		 10,941
376,777		 (53,244)
430,021
248,985 138,733 387,718 376,777

Page 7

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Summary Income and Expenditure Account

for the year ended 31 March 2024

Income
Interest and investment income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income/(expenditure) before tax
for the year
Net income /(expenditure )for the year		 2024
£
284,171
3,477
287,648
243,315
33,392
276,707
10,941
10,941		 2023
£
249,232
2,495
251,727
279,688
25,283
304,971
(53,244)
(53,244)

Page 8

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Balance Sheet

at 31 March 2024

at 31 March 2024
Company No.
06323704		 Notes 2024 2023
£ £
Fixed assets
Tangible assets 12 436,129 469,521
436,129 469,521
Current assets
Debtors 13 27,538 22,800
Cash at bank and in hand 285,153 273,307
312,691 296,107
Creditors:Amount falling due within one year 14 (36,102) (38,851)
Net current assets 276,589 257,256
Total assets less current liabilities 712,718 726,777
Creditors:Amounts falling due after more than one year 15 (325,000) (350,000)
Net assets excluding pension asset or liability 387,718 376,777
Total net assets 387,718 376,777
The funds of the charity
Restricted funds 17
Restricted income funds 138,733 213,639
138,733 213,639
Unrestricted funds 17
General funds 133,933 163,138
Designated funds 115,052 -
248,985 163,138
Reserves 17
Total funds 387,718 376,777

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 11 September 2024

And signed on its behalf by:

Stila S.J. Allen

Trustee

11 September 2024

Page 9

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Notes to the Accounts

for the year ended 31 March 2024

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 10

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Leasehold property Straight line over the life of
the lease
Plant and machinery 25% Reducing balance and
10% on cost
Computer equipment Straight Line over 5 years

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 11

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Notes to the Accounts

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 12

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2023
£
523
201,069
2,495
22,640
226,727
98,321
173,490
271,811
(45,084)
21,505
(23,579)
(23,579)
186,717
163,138		 Restricted
funds
2023
£
25,000
-
-
-
25,000
-
33,160
33,160
(8,160)
(21,505)
(29,665)
(29,665)
243,304
213,639		 Total funds
2023
£
25,523
201,069
2,495
22,640
251,727
98,321
206,650
304,971
(53,244)
-
(53,244)
(53,244)
430,021
376,777

Page 13

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Notes to the Accounts

4 Income from donations and legacies

4
Income from donations and legacies
Donations and Gift Aid
Fixed Asset grant		 Unrestricted
£
5,290
-
5,290		 Restricted
£
-
25,000
25,000		 Total
2024
£
5,290
25,000
30,290		 Total
2023
£
523
25,000
25,523
Donations received
Arts Council England Grant (NPO)
Arts Council England (Touring Grant)
DCC
Fundraising
Big Give
In The Mix Touring Project
DCC - Project Funding
NHLF
Children In Need
Peoples Postcode Lottery
Devonshire Property Group
Brew Project
5
Income from charitable activities
Projects
Courses and classes
Fees and services		 Unrestricted
£
4,600
-
2,916
7,516		 Restricted
£
236,824
9,541
-
246,365		 Total
2024
£
141,354
-
4,875
-
16,240
49,155
15,000
5,000
1,000
200
236,824
Total
2024
£
241,424
9,541
2,916
253,881		 Total
2023
£
141,354
8,441
24,925
11,500
6,079
1,150
-
-
-
-
-
-
193,449
Total
2023
£
193,449
6,930
690
201,069

6 Income from investments

Income from investments
Interest received Unrestricted
£
3,477
3,477		 Total
2024
£
3,477
3,477		 Total
2023
£
2,495
2,495

Page 14

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Notes to the Accounts

Theatre Tax Relief Credit
8
Expenditure on charitable activities
Expenditure on charitable
activities
Projects
Courses and classes
Governance costs
Board meeting costs
9
Other expenditure
Marketing
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
10 Net income/(expenditure) before transfers
This is stated after charging:
Depreciation of owned fixed assets		 Unrestricted
£
-
-
640
640
Unrestricted
£
-
52,491
-
9,771
2,250
5,206
12,488
82,206		 Restricted
£
64,470
13,697
-
78,167
Restricted
£
8,806
61,798
707
10,678
31,142
2,363
200
115,694
2024
£
33,392		 Total
2024
£
-
-		 Total
2023
£
22,640
22,640
Total
2024
£
64,470
13,697
640
78,807
Total
2024
£
8,806
114,289
707
20,449
33,392
7,569
12,688
197,900		 Total
2023
£
78,461
18,060
1,800
98,321
Total
2023
£
8,365
124,089
1,771
23,741
25,283
8,664
14,737
206,650
2023
£
33,283

Page 15

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78

Level Centre Notes to the Accounts

11 Staff costs

Staff costs
Salaries and wages
Social security costs
Pension costs		 2024
106,742
4,644
2,214
113,600		 2023
113,912
6,812
2,646
123,370

No employee received emoluments in excess of £60,000.

The average monthly number of full time equivalent employees during the year was as follows:

Executive Director
Engagement and Project Co
Ordinator
Arts Administrator
Marketing Officer
12 Tangible fixed assets
Cost or revaluation
At 1 April 2023
At 31 March 2024
Depreciation and
impairment
At 1 April 2023
Depreciation charge for the
year
At 31 March 2024
Net book values
At 31 March 2024
At 31 March 2023
13 Debtors
Trade debtors
Other debtors
Prepayments and accrued income		 Land and
buildings
£
934,245
934,245
467,125
31,142
498,267
435,978
467,120		 2024
Number
1
1
1
1
4
Plant and
machinery
£
422,295
422,295
419,897
2,247
422,144
151
2,398
2024
£
900
22,640
3,998
27,538		 Computer
equipment
£
5,266
5,266
5,263
3
5,266
-
3		 2023
Number
1
1
1
1
4
Total
£
1,361,806
1,361,806
892,285
33,392
925,677
436,129
469,521
2023
£
160
22,640
-
22,800

Page 16

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Notes to the Accounts

14 Creditors:

amounts falling due within one year

Creditors:
amounts falling due within one year
2024 2023
£ £
Trade creditors 3,142 10,991
Accruals 7,960 2,860
Deferred income 25,000 25,000
36,102 38,851
Creditors:
amounts falling due after more than one year
2024 2023
£ £
Deferred income 325,000 350,000
325,000 350,000
Deferred Income
Movement of the deferred income shown in Creditors: amounts falling due more than one year
2024 2023
£ £
At 1 April 350,000 375,000
Released in current year (25,000) (25,000)
At 31 March 325,000 350,000

15 Creditors:

16 Deferred Income

In 2008 a grant of £750,000 was received from the Arts Council England to build the premises at Old Station Close, Rowsley. The grant is being released over 30 years inline with the depreciation of the building.

Page 17

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Notes to the Accounts

17 Movement in funds

17 Movement in funds
At 1 April
2023
92,120
-
8,000
6,079
107,440
213,639
163,138
-
-
-
-
-
376,777		 Incoming
resources
(including
other
gains/losses)
£
25,000
236,490
-
9,875
-
271,365
16,283
-
-
-
-
-
287,648		 Resources
expended
£		 Gross
transfers
£
-
(44,970)
-
-
(107,440)
(152,410)
34,470
102,000
3,411
2,029
10,500
117,940
-		 At 31
March
2024
£
85,978
43,787
4,094
4,874
-
Restricted funds:
Restricted income funds:
Fixed Asset Fund
Projects
Signage and building
maintenance fund
Glisten Festival
Internally created funds
Total
Unrestricted funds:
General funds
Designated funds:
Contingency Fund
Building Maintenance Fund
Capital Replacement Fund
(31,142)
(147,733)
(3,906)
(11,080)
-
(193,861)
(79,958)
-
(859)
(2,029)
-
(2,888)
(276,707)
138,733
133,933
102,000
2,552
-
10,500
Designated Projects Fund
Total
Total funds		 115,052
387,718

Purposes and restrictions in relation to the funds:

Restricted funds: Fixed Asset Fund Funding for the purchase of the building. Projects Funding toward the charity's projects to advance education through the arts with special reference to disabled people, learning disabled people and people with complex needs. Signage and building Funding for signage and the upkeep of Level Centre's premises. maintenance fund Glisten Festival Funding for a festival for audiences with Profound Multiple Learning Disabilities. Internally created funds Funds re-categorised as Designated Funds during 2024.

Designated funds: Contingency Fund To cover 6 months operating costs. Building Maintenance Fund To maintain the building. Capital Replacement Fund To replenish capital items as they depreciate. Designated Projects Fund Money allocated for projects carried forward into the next year.

Page 18

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Notes to the Accounts

18 Analysis of net assets between funds

Fixed assets
Net current assets
Creditors due in more than one year and
provisions
19 Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
151
246,282
-
246,433
At 1 April
2023
£		 Restricted
funds
£
435,978
30,307
(325,000)
141,285
Cash flows
£		 Total
£
436,129
276,589
(325,000)
387,718
At 31
March
2024
£
273,307 11,846 285,153
273,307
273,307		 11,846
11,846		 285,153
285,153
20 Commitments
Pension commitments
The pension cost charge to the company
amounted to:
21 Related party disclosures
Controlling party		 2024
£
2,214		 2023
£
2,646

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 19

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Detailed Statement of Financial Activities

for the year ended 31 March 2024

Income and endowments from:
Donations and legacies
Donations and Gift Aid
Fixed Asset grant
Charitable activities
Projects
Courses and classes
Fees and services
Investments
Interest received
Other
Theatre Tax Relief Credit
Total income and endowments
Expenditure on:
Charitable activities
Projects
Courses and classes
Governance costs
Board meeting costs
Total of expenditure on charitable
activities
Other expenditure
Marketing
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff training
Motor and travel costs
Travel and subsistence		 Unrestricted
funds
2024
£
5,290
-
5,290
4,600
-
2,916
7,516
3,477
3,477
-
-
16,283
-
-
-
640
640
640
-
-
51,784
707
-
-
52,491
-
-		 Restricted
funds
2024
£
-
25,000
25,000
236,824
9,541
-
246,365
-
-
-
-
271,365
64,470
13,697
78,167
-
-
78,167
8,806
8,806
54,958
3,937
2,214
689
61,798
707
707		 Total funds
2024
£
5,290
25,000
30,290
241,424
9,541
2,916
253,881
3,477
3,477
-
-
287,648
64,470
13,697
78,167
640
640
78,807
8,806
8,806
106,742
4,644
2,214
689
114,289
707
707		 Total funds
2023
£
523
25,000
25,523
193,449
6,930
690
201,069
2,495
2,495
22,640
22,640
251,727
78,461
18,060
96,521
1,800
1,800
98,321
8,365
8,365
113,912
6,812
2,646
719
124,089
1,771
1,771

Page 20

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre

Detailed Statement of Financial Activities

Premises costs
Rates
Light, heat and power
Premises cleaning
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Plant and
machinery
Depreciation of Computer
equipment
Loss on disposal of tangible fixed
assets
General insurances
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income/(expenditure)
Transfers between funds
Net income/(expenditure) before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward		 424
2,517
2,627
4,203
9,771
-
2,247
3
-
2,156
1,073
106
1,565
306
7,456
1,800
9,328
1,360
12,488
82,206
82,846
-
(66,563)
152,410
85,847
-
85,847
163,138		 260
1,543
-
8,875
10,678
31,142
-
-
-
1,321
658
66
131
187
33,505
-
200
-
200
115,694
193,861
-
77,504
(152,410)
(74,906)
-
(74,906)
213,639		 684
4,060
2,627
13,078
20,449
31,142
2,247
3
-
3,477
1,731
172
1,696
493
40,961
1,800
9,528
1,360
12,688
197,900
276,707
-
10,941
-
10,941
-
10,941
376,777		 427
4,596
3,359
15,359
23,741
31,142
2,141
-
(8,000)
3,997
1,492
257
1,632
1,286
33,947
1,800
9,450
3,487
14,737
206,650
304,971
-
(53,244)
-
(53,244)
-
(53,244)
430,021

Page 21

Docusign Envelope ID: CB082F1E-55C3-4F97-B5EC-AA4D04786D78 Level Centre Detailed Statement of Financial Activities

248,985 138,733 387,718 376,777

Total funds carried forward

Page 22