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: - accounting records were not kept in accordance with section 386 of the 2006 Act ; or - the financial statements do not accord with those records; or - the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or - the financial statements have not been prepared in accordance with the methods and 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 (FRS 102). 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** - 1 **Accounting policies** ## **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** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. 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** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. - Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **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** - 7 **Other income** |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