2023-07-31-accounts - Music And Arts Production Leeds

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		Page
Reference and Administrative Detags
Report ofthe Trustees	2	to	S
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Statement ofCash Flows
Notes tothe Cash Flow Statement		10
Notes tothe Financial Statements	11	to	20
Detailed Statement of Financial Activities	21	to	22

TRUSTEES				0 Hope
				5Hassan
				J Gill
				M Mooker)ee
				C Oliver (resigned 16.02.23)
				G Yates
				L Lloyd-Henry
				D Mischendahl	(resigned 02.05.23)
				G Rosenberg
				I Gudelis
COMPANY	SECRETARY			T Smith
REGISTERED OFFICE
				Hope House
				65 Mabgate
				Leeds
				West Yorkshire
				LS970R
REGISTERED COMPANY NUMBER				06274330 (England		and Wales)
REGISTERED CHARITY NUMBER				1125303(England		and	Wales)
INDEPENDENT		EXAMINER		Business Works UK Ltd
				4 Lidgett Lane
				Garforth
				Leeds
				West Yorkshire
				LS25 1EQ
BANKERS				The Co-operative		bank
				PO Box250
				Skelmersdale
				WNB 6WT
KEY MANAGEMENT			PERSONNEL	Tom Smith
				Charlotte Stobbart
				Tom Edney (resigned			August 2023)
				Kirsten Busby
				Zena Zenonos	- Walker (started September			2023)

							2023	2022
					Unrestricted	Restricted	Total	Total
					fund	funds	funds	funds
				Notes	E	E	E	E
INCOME FROM
Donations
Donations					266,517		266,517	143,317
Grants						107,932	107,932	614,505
Charitable activities
Education income					150,319		150,319	117,487
Events income					124,644		124,644	40,858
Investment Income
Investment income				3	~20083		~20 8	28712
Total					561,563	107,932	669,495	944,879
EXPENDITURE ON
Raising funds				4	34,357		34,357	31,066
Charitable activities
Direct costs					53,477	46,835	100,312	113,773
Personnel costs					244,362		244,362	206,283
Support costs					47,645	234	47,879	28,631
Loan interest					43,000		43,000	43,000
Total					422,841	47,069	469,910	422,753
NET INCOME					138,722	60,863	199,585	522,126
Loss on mixed motive Investment			property		(990,703)		(990,703)
Gain on revaluation		oftangible fixed asset			52,500		52,500
Transfer between	funds				~1095867	1095867
Net movement in	funds				296,386	(1,035,004)	(738,618)	522,126
RECONCILIATION	OF	FUNDS
Total funds brought		forward			256,946	1,046,025	1,302,971	780,845
TOTAL FUNDS CARRIED FORWARD					~553332	~12021

						2023	Restated
FIXEDASSETS							2022
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes	E	E	6	6
Tangible fixed asset			12	700,000		700,000	537,500
Mixed motive investment	property		13	~700000		700 000	~37500
				~1400000		~1400000	2 075 000
CURRENT ASSETS
Debtors Cash at bank and in hand			14	99,775 ~129807	61,857	161,632 ~78971	886,176 512327
				229,582	11,021	240,603	1,398,503
CREDITORS
Amounts falling due within	one year		15	(1,250)		(1,250)	(95,832)
NET CURRENT ASSETS				~228 332	11021	23 353	1302971
TOTAL ASSETS LESSCURRENT LIABILITIES				1,628+32	11,021	1,639,353	2,377,971
CREDITORS
Amounts falling due after	more than one year		16	(1,075,000)		(1,075,000)	(1,075,000)
NET ASSETS
FUNDS			18
Designated funds - building						325,000
Designated funds -future	development	of building				112,500	200,000
Restricted funds Unrestricted funds (reserves)						11,021 ~115832	1,046,025 ~56946

					2023	2022	2022
			Notes		E	E
Cash flows from operating activities Cash generated from operations					~809764	~200	055
Net cash provided by operating activities					809764	2	055
Investing activities
Income from investment properties					20,083	28,	712
Expenditure In relation to fixed asset					~1263203
Net cash provided by (used in) Investing		activities			1243 120	28,712
Change in cash and cash equivalents reporting period	in the				(433,356)	200,055
Cash and cash equivalents at the beginning			of		~512327	283	560
the reporting period
Cash and cash equivalents at the end	of	the	reporting	period

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
				2023	2022
				E	6
Net income for the	reporting period (as per the Statement	of Financial	Activities)	199,585	522,126
Adjustments for:
Decrease/(Increase)	In debtors			724,544	(384,490)
Income from investment properties (Decrease)/Increase In creditors				(20,083) ~94282	(28,712) 91131
Net cash provided	by/(used In) operations

				2023	2022
				6	E
	Donations
	Grants received
	Arts Council England				25,000
	Sir George Martin Trust			3,000
	Yorkshire Young Achievers	Foundation		Zm
	Leeds City Council			3,750
	West Yorkshire Combined	Authority		8,000
	European Regional Development		Fund		191,897
	Leedslnspired			682	6,258
	Workspace Fund —LCC				450,000
	Workspace Fund —LCC Deferred			90,000	(90,000j
	Discretionary Fund				31,000
	Small Sparks				350
3.	INVESTMENT INCOME
				2023	2022
				E
	Property rental income

RAISING FUNDS
		2023	2022
		E	6
Cost ofsales		19,709
Fund raising costs
Wages		14,648	27,745
Social security			2,676
Pensions			645
CHARITABLE ACTIVITIES COSTS
	Direct	Support
	Costs (see	costs (see
	note 6j	note 7)	Totals
	6	E	E
Direct specific costs	100,312		100,312
Personnel costs		244,362	244,362
Other costs		47,879	47,879
Loan interest		~43000	~43000
DIRECT COSTS OF CHARITABLE ACTIVITIES
		2023	2022
		E	E
Education expenses		8,769	7,551
Events expenses		13,993	16,155
Screen printing		3,151	299
Rent and rates		2,932	2,964
Facilities and maintenance		6,344	18,759
Office expenses		11,978	5,366
Hope House Project Costs		800	7,311
Legal fees		~52 345	55368
SUPPORT COSTS
	Management	Finance	Tota Is
	E	E	E
Personnel costs	244,362		244,362
Facilities and general costs	47,879		47,879
Loan interest		43,000	43,000

STAFF COSTS
	2023	2022
	E	6
Wages and salaries	203,173	155,435
Socialsecurlty costs	12,839	13,005
Other pension costs	4,292	2,984
Freelance costs	24,058	37,147
Consultancy fees		28 777

		2023	2022
Management	staff	5	2
Education staff		4	4

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	funds	funds
			E	E	E
INCOME AND	ENDOWMENTS	FROM
Donations and	legacies
Donations			143,317		143,317
Grants			31,000	583,505	614,505
Charitable activities
Education Income			117,487		117,487
Eventslncome			40,858		40,858
Screen printing
Job retention	grant
Investment property Income			28 712		28712
Total			361,374	583,505	944,879
EXPENDITURE	ON
Raising funds			31,066		31,066
Charitable activities
Direct costs			47,874	65,899	113,773
Personnel costs			176,430	29,853	206,283

	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued
			Unrestricted	Restricted	Total
			fund	funds	funds
			E	E	6
	Support costs Loan interest		25,592 43,000	3,039	28,631 43,000
	Total		323,962	98,791	422,753
	NET INCOME		37,412	484,714	522,126
	Transfer between funds		~2683)	~2683
	Net movement in funds		34,729	487,397	522,126
	RECONCILIATION OF FUNDS
	Total funds brought forward		222,217	558,628	780,845
	TOTAL FUNDS CARRIED FORWARD
12	TANGIBLE FIXED ASSET	—LAND AND BUILDING
	VALUE
	At 1stAugust 2022 (restated)				537,500
	Additions				110,000
	Increase in fair value				~52 500
	At 31stJuly 2023				~700000
	NET BOOK VALUE
	At 31st July 2023
	At 31st July 2022 (restated)
13.	MIXED MOTIVE INVESTMENT PROPERTY
	VALUE
	At 1st August 2022 (restated)				537,500
	Additions				1,153,203
	Decrease in fair value				(9990703
	At 31stJuly 2023				~700000
14.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
				2023	2022
				E	E
	Trade and funding debtors			60,807	282,514
	Other debtors from secured grant funding			61,857	587,949
	VAT			6,814	2,298
	Sundry debtors Prepayments			15,365 ~16789	~13415

15.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
						2023	2022
						6	E
	Creditors	in the ordinary		course ofactivities
	Social security and other			taxes			3,642
	VAT
	Accruals and deferred		income			~1250	~26
16,	CREDITORS: AMOUNTS			FALLING DUE AFTER MORE THAN ONE YEAR
						2023	2022
						E	E
	Other loans (see note		16)
17.	LOANS
	An analysis ofthe maturity				of loans is given below:
						2023	2022
						6	E
	Amounts	falling due between two and five years.
	Otherloans	- 2-5 years

MOVEMENT IN	FUNDS
									Net	Transfer
									movement	between	At
						At 1/8/22			in funds	funds	31/7/23
							E		E	E	E
Unrestricted funds
General fund						56,946			(799,4$1)	858,367	115,832
Designated fund	—future development of building					200,000				(87,500)	112,500
Designated fund-	building									325,000	325,000
Restricted funds
Sir George Martin Trust									3,000
Leeds Inspired Grant								739	682
Yorkshire Young	Achievers								2,500
West Yorkshire Combined		Authority							8,000	(8,000)
Robert Dyson						100,000				(100,000)
European Regional Development			Fund			587,746				(587,746)
Workspace Fund	—Leeds	City Council				357,190			42,931	(400,121)
Arts Leeds									3,750		3,750
Small Sparks Fund											350
						~1046025			60863	~2095 867	~11021
TOTAL FUNDS
The transfer from restricted funds			to unrestricted	funds		Is as	a	result of capital expenditure		on the building	being undertak
meaning that the promise		that created the restricted			fund has			been satisfied.
MOVEMENT IN	FUNDS - continued
Net movement In funds, Included			in the above are	as	follows:
									Incoming	Resources	Movement
									resources	expended	In funds
									E	E	E
Unrestricted funds
General fund									561,563	(1,361,044)	(799,4$1)
Restricted funds
Sir George Martin Trust									3,000		3,000
Leeds Inspired Grant									682		682
Yorkshire Young	Achievers								2,500		2,500
West Yorkshire	Combined	Authority							8,000		8,000
Robert Dyson
Arts Leeds									3,750		3,750
Workspace Fund —Leeds		City Council							90,000	(47,069)	42,931
Small Sparks Fund
									~107932	47 069	~60 $63
TOTAL	FUNDS
									ESK495.

Comparatlves for	m	oveme	nt In f	unds
							Net	Transfers
							movement	between	At
						At 1/8/21	in funds	funds	31/7/22
						E	E	E	E
Unrestricted funds
General fund						222,217	37,412	(202683)	56,946
Designated funds	-future		development		of building			200,000	200,000
Designated funds - building
Restricted funds
Culture Recovery	Fund 1						(1,933)	1,933
Leedslnspired Grant						1,468	(729)			739
The Mohn Westlake		Foundation				1,308	(1,308)
The Pilgrim Trust						7,096	(7,846)	750
Robert Dyson						100,000			100,000
European Regional		Development		Fund		448,756	138,990		587,746
Workspace Fund - Leeds City Council							357,190		357,190
Small Sparks Fund
TOTALFUNDS									~30

Comparative net movement
	Incoming	Resources	Movement
	resources	expended	In funds
	E	E	6
Unrestricted funds
General fund	361,374	(323,962)	37,412
Restricted funds
Culture Recovery Fund 1	25,000	(26,933)	(1833)
Leeds Inspired Grant The Mohn Westlake Foundation	6,258	(6,987) (1,308)	(729) (1,308)
The Pilgrim Trust European Development Fund Small Sparks Fund Workspace Fund —Leeds City Council	191,897 350 ~30000	(7,846) (52,907) ~2810	(7,846) 138,990 350 357190
	583 505	(98791)	~484 714
TOTALFUNDS