Level Centre
Charity No. 1124419
Company No. 06323704
Trustees' Report and Unaudited Accounts
31 March 2025
Level Centre Contents
| Pages | |
|---|---|
| Trustees' Annual Report | 2 to 7 |
| Independent Examiner's Report | 8 |
| Statement of Financial Activities | 9 |
| Summary Income and Expenditure Account | 10 |
| Balance Sheet | 11 |
| Statement of Cash flows | 12 |
| Notes to the Accounts | 13 to 22 |
| Detailed Statement of Financial Activities | 23 to 25 |
Page 1
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 2025.
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
J. Marshall
V.A. Paterson J. Usherwood
==> picture [298 x 117] intentionally omitted <==
Key Management Personnel
Chair S.J. Allen
Accountants
Peak District Accountants Ltd Nythfa Main Street Elton Matlock DE4 2BU
Bankers
The Co-operative Bank Business Customer Services
Page 2
Level Centre Trustees Annual Report
PO Box 4931 Swindon SN4 4PL
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
2024 - 2025 has been a transformative year for LEVEL. We entered our second year of our agreement with Arts Council England as a National Portfolio Organisation and was chosen to participate in the Pilotlight 360 programme to work with experienced coaches to help LEVEL and its board through strategic challenges. Having evolved our charitable objectives in 2022, we have been able to unlock a wider range of funding to deliver a more diverse programme.
We started our capital building upgrades thanks to a grant from Arts Council England to make much needed improvements. This has included installing a heat pump in our artblock and overhead LED lights supporting our environmental responsibility.
LEVEL has expanded its team to include two fixed part-time roles including an Engagement & Projects Coordinator and Volunteer Coordinator roles thanks to funding from the National Lottery Reaching Communities Fund.
In March 2025, we presented our first live shows for audiences with Profound Multiple Learning Disabilities and programmed 'When The World Turns' by the inspirational Oily Cart theatre company.
From January to March 2025 we were a warm and welcoming space, offering a safe space for a cup of tea and bisuit and a chance to undertake some creative projects.
We started Level Blend, our first expressive arts project for 8 - 13 year olds.
Page 3
Level Centre
Trustees Annual Report
During 2024-25, LEVEL Centre co-commissioned 'Create My World: Nature' in collaboration with QUAD which was a family-friendly interactive exhibition experience for all ages, focusing on nature, world-building and exploration . 'No Sleep Just Clouds' was an Unlimited UK Partner Award commission with LEVEL Centre and The Art House, Wakefield. It explored how autistic, marginalised and neurodivergent people experience creative spaces - as audiences, participants and artists. 'Is This Me?' by digital artist Ashley James Brown was inspired by childhood memories, avatars, retro themes and reimagining of spaces and Treescape by Henry Driver, an immersive natural world where audiences grew their own idyllic woodland, and explored it through the seasons, relaxing in the sights and sounds of nature.
Our gallery corridor programme included our first Corridor Commission in collaboration with QUAD. This was awarded to Tracey Meek. Tracey sadly passes away in 2024. Our public open exhibition saw an amazing display of works by disabled artists from across the UK. First prize went to 'Stop Relying on that Body' by Jemma Channing. Second prize went to Tess Connell with ‘How can you be disabled and happy?’ Prize funds were sponsored by Peak Village. The under 18s category winning work was by Sophie with Caught in a Trap. The public choice award was won by Tess Gilmartin for ‘Horse’ and their prize was sponsored by Turners Arts Supplies.
We presented 'The Severed Wing', a short film by Corinne, a disabled artist who’s been confined to bed for six years. Inside Outside was a contemporary visual art exhibition by our LEVEL Makes participants. Led by artist facilitator Helen Jackson, the group explored the magic of nature that surrounds LEVEL Centre. Our spotlight award went to Christine Thomas, an artist, late-diagnosed Audhd woman and researcher based in Derbyshire deeply influenced by women’s lived experiences and often approached through a feminist lens.
The Art that ‘difference’ Makes was an exhibition included Making Faces by LEVEL Makes participants and was displayed at Sense in Loughborough with a royal visit from Princess Anne.
The Residency Lab programme for disabled creatives or those creating accessible ideas welcomed Alfie Heffer, Unanima Theatre, Jonny, Jenny and Elana, Elle Chante, Hubbub Theatre, Raquel Meseguer Zafe, Imogen Ashby and Kasra Jallilipour.
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.
The Youth Collective Water and Wellbeing project led by Imogen Ashby navigated heritage in Derbyshire and what this means to them. They collaborated with smallprint co and Verity Foster working towards The Cows are Wet that opened at Bakewell Old House Museum in March 2025 and runs until November 2025.
We were one of four organisations chosen to deliver a programme for home schooled young people supported by public health. Led by Abbie Canning, participants have engaged with a broad mix of artistic mediums from digital to music, theatre and clay. This programme has been supporting young people not in mainstream or SEN provisions and providing a creative homeschooled offer to support social interaction and wellbeing.
In October LEVEL produced GLISTEN Fest and saw the return of Soundplay Projects. We hosted the Soundplay dome again and also presented The Soundplay Ambient Arcade which was a playful mixture of sound-making sculptures, electronic music, video synthesisers and sensory play. Participants made amazing sounds, enjoyed colourful animations and explored different ways to communicate through music and sensory play!
Page 4
Level Centre Trustees Annual Report
As part of a new strand of work GLISTEN Fest presents live performance we were delighted to programme When the World Turns by Oily Cart in collaboration with Australian company Polyglot. As an arts centre without a theatre space this marked our first time in presenting a touring show. It sold out and was extremely well received.
In October 2024 we hosted a Fun Palace with music, dance, drawing and presented Opus Music and Hubbub Theatre. For the Big Draw we explored the theme ‘Drawing in Motion’.
We have collaborated with Bolsover Woodland Enterprise on workshops and programme development for the Biodiverse sensory garden.
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 24/25 programme were: Arts Council England, Children in Need, The National Lottery Heritage Fund, National Lottery Reaching Communities Fund, Garfield Weston, Derbyshire County Council Public Health Funding, Foyle Foundation, County Councillor Susan Hobson from the Members Community Leadership Fund, Peak Village, Pledgers and Donors to the Big Give Christmas Challenge, Plumco, Erewash Mental Health small grants, Morrisons, D’oyly Carte Foundation, Duke of Devonshire and Derbyshire County Council Warm and Welcoming spaces
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.
Reserves totalled £586,211 at the year end (2024: £387,718), of which £332,993 were restricted (2024: £138,733). The increase relates to £241,026 of restricted monies held at 31 March 2025 to be spent on projects in the 31 March 2026 year.
PLANS FOR FUTURE PERIODS
2025/2026 sees LEVEL enter its third year grant agreement with Arts Council England as a National Portfolio Organisation. This grant has been extended to March 2027.
LEVEL Centre will once again be participating in The Big Give Christmas Challenge with the aim of securing support towards producing GLISTEN Fest 2026 for audiences with Profound Multiple Learning Disabilities.
In 2025/2026 LEVEL is presenting Celestial Sound Cloud by Pif Paf, Neon Caverns by Alex Billingham, a new digital interactive piece supported by the National Lottery Heritage Fund by Sian Morrell in collaboration with the Youth Collective and then Happy Trails: Welcome to Lalaland by Carla Dee in collaboration with QUAD.
Page 5
Level Centre Trustees Annual Report
The Gallery Corridor programme for 25/26 includes A Touch of Textiles by Sophie Mitchell, the Public Open Exhibition, Water and wellbeing national lottery heritage project by the Youth Collective and the Spotlight award (artist tbc).
In 2025/26 we have residencies with Debbie Bandara in collaboration with the Manchester Metropolitan University School of Digital Arts, Sarak Kolewole, Maya Edwards. Kao Hove, Robyn Rockets, Elle Chante, Natalie Sharp, Bethany of Hubbub and Henry Driver.
We are one of 40 arts centres selected for the Our Freedom Here and Now programme. This programme celebrates our freedom today by helping us uncover hidden secrets and stories from WWII in an exciting national project! This project is supported by Future Arts Centres, delivered in partnership with Libraries Connected and Open Eye Gallery, supported using public funding from the UK Government through Arts Council England.
During 25/26 we will also be completing our capital upgrades and improvements, implementing our community volunteer programme, delivering LEVEL Makes Movement in day centres, exploring a dance offer on site, board development and programming an outdoor offer and opening the biodiverse sensory garden. We are presenting The Cows are Wet exhibition by our Youth Collective at Bakewell Old House Museum.
LEVEL has gone from strength to strength and continues to support disabled creatives and provides programmes that change lives.
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.
Page 6
Level Centre Trustees Annual Report
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 10 September 2025
Page 7
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 2025.
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 / ICAEW, 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 / ICAEW Peak District Accountants Ltd Nythfa Main Street Elton Matlock DE4 2BU 10 September 2025
Page 8
Level Centre Statement of Financial Activities
for the year ended 31 March 2025
| 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 10 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 2025 £ 4,019 24,323 7,865 28,674 |
Restricted funds 2025 £ 25,000 448,487 - - |
Total funds 2025 £ 29,019 472,810 7,865 28,674 |
Total funds 2024 £ 30,290 253,881 3,477 - |
|---|---|---|---|---|
| 64,881 640 116,568 |
473,487 108,831 113,836 |
538,368 109,471 230,404 |
287,648 78,807 197,900 |
|
| 117,208 - |
222,667 - |
339,875 - |
276,707 - |
|
| (52,327) 56,560 |
250,820 (56,560) |
198,493 - |
10,941 - |
|
| 4,233 | 194,260 | 198,493 | 10,941 | |
| 4,233 248,985 |
194,260 138,733 |
198,493 387,718 |
10,941 376,777 |
|
| 253,218 | 332,993 | 586,211 | 387,718 |
Page 9
Level Centre Summary Income and Expenditure Account
for the year ended 31 March 2025
| 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 before tax for the year Net income for the year |
2025 £ 530,503 7,865 538,368 299,350 40,525 339,875 198,493 198,493 |
2024 £ 284,171 3,477 |
|---|---|---|
| 287,648 | ||
| 243,315 33,392 |
||
| 276,707 | ||
| 10,941 | ||
| 10,941 |
Page 10
Level Centre Balance Sheet
at 31 March 2025
| Company No. 06323704 Notes 2025 £ Fixed assets Tangible assets 12 481,870 481,870 Current assets Debtors 13 32,479 Cash at bank and in hand 407,844 440,323 Creditors:Amount falling due within one year 14 (35,982) Net current assets 404,341 Total assets less current liabilities 886,211 Creditors:Amounts falling due after more than one year 15 (300,000) Net assets excluding pension asset or liability 586,211 Total net assets 586,211 The funds of the charity Restricted funds 17 Restricted income funds 332,993 332,993 Unrestricted funds 17 General funds 138,166 Designated funds 115,052 253,218 Reserves 17 Total funds 586,211 |
2024 £ 436,129 |
|---|---|
| 436,129 27,538 285,153 |
|
| 312,691 (36,102) |
|
| 276,589 712,718 (325,000) |
|
| 387,718 | |
| 387,718 | |
| 138,733 | |
| 138,733 133,933 115,052 |
|
| 248,985 | |
| 387,718 |
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 2025 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 10 September 2025
And signed on its behalf by:
S.J. Allen
Trustee
10 September 2025
Page 11
Level Centre Statement of Cash flows for the year ended 31 March 2025
| Cash flows from operating activities Net income per Statement of Financial Activities Adjustments for: Depreciation of property, plant and equipment Dividends, interest and rents from investments Increase in trade and other receivables Decrease in trade and other payables Net cash provided by operating activities Cash flows from investing activities Payments for property, plant and equipment Dividends, interest and rents from investments Net cash (used in)/from investing activities Net cash from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2025 £ 198,493 40,525 (7,865) (4,941) (25,120) 201,092 (86,266) 7,865 (78,401) - 122,691 285,153 407,844 407,844 407,844 |
2024 £ 10,941 33,392 (3,477) (4,738) (27,749) |
|---|---|---|
| 8,369 - 3,477 |
||
| 3,477 | ||
| - | ||
| 11,846 | ||
| 273,307 | ||
| 285,153 | ||
| 285,153 | ||
| 285,153 |
Page 12
Level Centre Notes to the Accounts
for the year ended 31 March 2025
- 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 13
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 14
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.
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.
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.
Page 15
Level Centre Notes to the Accounts
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital. The company is registered in England and Wales.
3 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Charitable activities Investments 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 2024 £ 5,290 7,516 3,477 16,283 640 82,206 82,846 (66,563) 152,410 85,847 85,847 163,138 248,985 |
Restricted funds 2024 £ 25,000 246,365 - 271,365 78,167 115,694 193,861 77,504 (152,410) (74,906) (74,906) 213,639 138,733 |
Total funds 2024 £ 30,290 253,881 3,477 |
|---|---|---|---|
| 287,648 78,807 197,900 |
|||
| 276,707 | |||
| 10,941 - |
|||
| 10,941 | |||
| 10,941 376,777 |
|||
| 387,718 |
Page 16
Level Centre Notes to the Accounts
4 Income from donations and legacies
| Donations and Gift Aid Fixed Asset grant |
Unrestricted £ 4,019 - 4,019 |
Restricted £ - 25,000 25,000 |
Total 2025 £ 4,019 25,000 29,019 |
Total 2024 £ 5,290 25,000 |
|---|---|---|---|---|
| 30,290 | ||||
| Donated goods, facilities and services received | ||||
| Arts Council England Grant (NPO) DCC - Project Funding NHLF Children In Need Big Give Peoples Postcode Lottery Victoria Wood Foundation Devonshire Property Group Brew Project Arts Council England Capital Grant Level HED UKSPF Garden Project DDDC National Lottery Reaching Communities Garfield Weston Grant Erewash Voluntary Small Grant Scheme The Morrisons Foundation D Oyly Carte Foundation Fundraising Duke of Devonshire (Youth Collective too) DVA Warm Spaces Public Exhibition Prize Ticket Sales 5 Income from charitable activities Projects Courses and classes Fees and services |
Unrestricted £ 17,980 - 6,343 24,323 |
Restricted £ 435,494 12,993 - 448,487 |
Total 2025 £ 141,354 - - 15,000 9,985 - - - - 121,396 29,393 12,000 87,966 15,000 5,000 5,000 4,000 2,665 2,000 1,900 500 315 453,474 Total 2025 £ 453,474 12,993 6,343 472,810 |
Total 2024 £ 141,354 16,240 49,155 15,000 4,875 5,000 4,000 1,000 200 - - - - - - - - 4,600 - - - - |
| 241,424 | ||||
| Total 2024 £ 241,424 9,541 2,916 |
||||
| 253,881 |
Page 17
Level Centre Notes to the Accounts
6 Income from investments
| 6 | Income from investments | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||||
| 2025 | 2024 | ||||||
| £ | £ | £ | |||||
| Interest received | 7,865 | 7,865 | 3,477 | ||||
| 7,865 | 7,865 | 3,477 | |||||
| 7 | Other income | ||||||
| Unrestricted | Total | Total | |||||
| 2025 | 2024 | ||||||
| £ | £ | £ | |||||
| Theatre Tax Relief Credit | 28,674 | 28,674 | - | ||||
| 28,674 | 28,674 | - | |||||
| 8 | Expenditure on charitable activities | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| 2025 | 2024 | ||||||
| £ | £ | £ | £ | ||||
| Expenditure on charitable | |||||||
| activities | |||||||
| Projects | - | 106,183 | 106,183 | 64,470 | |||
| Courses and classes | - | 2,648 | 2,648 | 13,697 | |||
| Governance costs | |||||||
| Board meeting costs | 640 | - | 640 | 640 | |||
| 640 | 108,831 | 109,471 | 78,807 | ||||
| 9 | Other expenditure | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| 2025 | 2024 | ||||||
| £ | £ | £ | £ | ||||
| Marketing | - | 7,859 | 7,859 | 8,806 | |||
| Employee costs | 81,135 | 49,794 | 130,929 | 114,289 | |||
| Motor and travel costs | - | 1,166 | 1,166 | 707 | |||
| Premises costs | 15,429 | 10,587 | 26,016 | 20,449 | |||
| Amortisation, depreciation, | |||||||
| impairment, profit/loss on | 111 | 40,414 | 40,525 | 33,392 | |||
| disposal of fixed assets | |||||||
| General administrative costs | 9,294 | 2,166 | 11,460 | 7,569 | |||
| Legal and professional costs | 10,599 | 1,850 | 12,449 | 12,688 | |||
| 116,568 | 113,836 | 230,404 | 197,900 |
Page 18
Level Centre Notes to the Accounts
| 10 | Net income before transfers | |||||
|---|---|---|---|---|---|---|
| 2025 | 2024 | |||||
| This is stated after charging: | £ | £ | ||||
| Depreciation of owned fixed assets | 40,525 | 33,392 | ||||
| Independent Examiner's fee | 1,800 | 1,800 | ||||
| Other fees paid to the auditor or independent examiner |
420 | 420 | ||||
| 11 | Staff costs | |||||
| 2025 | 2024 | |||||
| Salaries and wages | 122,331 | 106,742 | ||||
| Social security costs | 5,924 | 4,644 | ||||
| Pension costs | 2,606 | 2,214 | ||||
| 130,861 | 113,600 | |||||
| No employee received emoluments in excess of £60,000. | ||||||
| The average monthly number of full time equivalent employees | during the year | was as follows: | ||||
| 2025 | 2024 | |||||
| Number | Number | |||||
| Executive Director | 1 | 1 | ||||
| Engagement and Project Co Ordinator |
1 | 1 | ||||
| Arts Administrator | 1 | 1 | ||||
| Marketing Officer | 1 | 1 | ||||
| Other | 1 | - | ||||
| 5 | 4 | |||||
| 12 | Tangible fixed assets | |||||
| Land and buildings |
Plant and machinery |
Computer equipment |
Total | |||
| £ | £ | £ | £ | |||
| Cost or revaluation | ||||||
| At 1 April 2024 | 934,245 | 422,295 | 5,266 | 1,361,806 | ||
| Additions | - | 23,955 | 62,311 | 86,266 | ||
| At 31 March 2025 | 934,245 | 446,250 | 67,577 | 1,448,072 | ||
| Depreciation and | ||||||
| impairment | ||||||
| At 1 April 2024 | 498,267 | 422,144 | 5,266 | 925,677 | ||
| Depreciation charge for the | 31,142 | 2,507 | 6,876 | 40,525 | ||
| year | ||||||
| At 31 March 2025 | 529,409 | 424,651 | 12,142 | 966,202 | ||
| Net book values | ||||||
| At 31 March 2025 | 404,836 | 21,599 | 55,435 | 481,870 | ||
| At 31 March 2024 | 435,978 | 151 | - | 436,129 |
Page 19
Level Centre Notes to the Accounts
13 Debtors
| 13 | Debtors | ||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors | - | 900 | |
| Other debtors | 28,674 | 22,640 | |
| Prepayments and accrued income | 3,805 | 3,998 | |
| 32,479 | 27,538 | ||
| 14 | Creditors: | ||
| amounts falling due within one year | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Trade creditors | 3,591 | 3,142 | |
| Accruals | 7,391 | 7,960 | |
| Deferred income | 25,000 | 25,000 | |
| 35,982 | 36,102 | ||
| 15 | Creditors: | ||
| amounts falling due after more than one year | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Deferred income | 300,000 | 325,000 | |
| 300,000 | 325,000 | ||
| 16 | Deferred Income | ||
| Movement of the deferred income shown in Creditors: amounts falling due more than one year | |||
| 2025 | 2024 | ||
| £ | £ | ||
| At 1 April | 325,000 | 350,000 | |
| Released in current year | (25,000) | (25,000) | |
| At 31 March | 300,000 | 325,000 |
Page 20
Level Centre Notes to the Accounts
17 Movement in funds
| 17 Movement in funds | |||||
|---|---|---|---|---|---|
| At 1 April 2024 85,978 43,787 4,094 4,874 138,733 133,933 102,000 2,552 10,500 115,052 387,718 |
Incoming resources (including other gains/losses) £ 25,000 438,502 - 9,985 473,487 64,881 - - - - 538,368 |
Resources expended £ |
Gross transfers £ - (56,560) - - (56,560) 56,560 - - - - - |
At 31 March 2025 £ 79,836 241,026 4,094 8,037 |
|
| Restricted funds: Restricted income funds: Fixed Asset Fund Projects Signage and building maintenance fund Glisten Festival Total Unrestricted funds: General funds Designated funds: Contingency Fund Building Maintenance Fund |
|||||
| (31,142) | |||||
| (184,703) | |||||
| - | |||||
| (6,822) | |||||
| (222,667) (117,208) - - - - (339,875) |
|||||
| 332,993 | |||||
| 138,166 102,000 2,552 10,500 |
|||||
| Designated Projects Fund | |||||
| Total Total funds |
115,052 | ||||
| 586,211 |
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.
Signage and building Funding for signage and the upkeep of Level Centre's premises. maintenance fund Glisten Festival Funding for signage and the upkeep of Level Centre's premises. Designated funds: Contingency Fund To cover 6 months operating costs. Building Maintenance Fund To maintain the building. Designated Projects Fund Money allocated for projects carried forward into the next year.
Page 21
Level Centre Notes to the Accounts
18 Analysis of net assets between funds
| 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 £ 40 279,090 - 279,130 At 1 April 2024 £ |
Restricted funds £ 481,830 125,251 (300,000) 307,081 Cash flows £ |
Total £ 481,870 404,341 (300,000) |
| 586,211 | |||
| At 31 March 2025 £ |
|||
| 285,153 | 122,691 | 407,844 | |
| 285,153 285,153 |
122,691 122,691 |
407,844 | |
| 407,844 | |||
| 20 Commitments Pension commitments The pension cost charge to the company amounted to: 21 Related party disclosures Controlling party |
2025 £ 2,606 |
2024 £ 2,214 |
|
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 22
Level Centre Detailed Statement of Financial Activities
for the year ended 31 March 2025
| 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 2025 £ 4,019 - 4,019 17,980 - 6,343 24,323 7,865 7,865 28,674 28,674 64,881 - - - 640 640 640 - - 74,070 4,826 2,239 - 81,135 - - |
Restricted funds 2025 £ - 25,000 25,000 435,494 12,993 - 448,487 - - - - 473,487 106,183 2,648 108,831 - - 108,831 7,859 7,859 48,261 1,098 367 68 49,794 1,166 1,166 |
Total funds 2025 £ 4,019 25,000 29,019 453,474 12,993 6,343 472,810 7,865 7,865 28,674 28,674 538,368 106,183 2,648 108,831 640 640 109,471 7,859 7,859 122,331 5,924 2,606 68 130,929 1,166 1,166 |
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 |
Page 23
Level Centre
Detailed Statement of Financial Activities
| Premises costs Rent 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 General insurances Software, IT support and related costs Stationery and printing Subscriptions 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 Transfers between funds Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward |
- 752 6,521 2,559 5,597 15,429 - 111 - 3,159 3,288 21 1,558 808 460 9,405 2,474 8,125 - 10,599 116,568 117,208 - (52,327) 56,560 4,233 - 4,233 248,985 |
5,580 200 1,733 - 3,074 10,587 31,142 - 9,272 840 874 101 14 215 122 42,580 - 1,850 - 1,850 113,836 222,667 - 250,820 (56,560) 194,260 - 194,260 138,733 |
5,580 952 8,254 2,559 8,671 26,016 31,142 111 9,272 3,999 4,162 122 1,572 1,023 582 51,985 2,474 9,975 - 12,449 230,404 339,875 - 198,493 - 198,493 - 198,493 387,718 |
- 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 |
Page 24
Level Centre Detailed Statement of Financial Activities
Total funds carried forward
253,218
332,993 586,211
387,718
Page 25