|||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)|
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##
||||||||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|ACTIVITIES|||
|---|---|---|---|---|---|---|
||||||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||||||
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##
|||||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|
##
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##
##
|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|Comparative
net movement|in funds,|included|in the above are as follows:||||
|---|---|---|---|---|---|---|---|
||||||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||||||||
##
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