fflpa ANNUAL REPORT 2023-2024 Mld Pennlne Arts Email address. info@midpenninearts.org.uk WVM.mKlpenninearts.org.uk Website: REGISTERED COMPANY NUMBER: 078803561Engl•Bd REGISTERED CHARfTY NUIWBER: 1145521 Report oftht Tr￿lett Un*udit¢d Fiunci￿ Ststemeots for ¢bt Ymr Epded 31 M*reh 2024 Mid PenAine Arts Mayes Busines$ Partnership Ltsl Chaneroj Certified A¢¢(M￿tants 22-28 Willow Street Ac£rinwon lon￿ShIrt BB5 IIP Mid Pettttitie Arty Coll¢eDts of the Fill*ntial Staitlll¢Dts for the ytar ended 31 M*reb 2024 Pa Report of the Trwt¢ I to 8 Indtpendthi Ex•miner'$ Report Ststemeot Fin*ncial Activitios io l•n¢¢ Sbrtt 11 to 12 Notu ¢0 the Financial Statements 13 to 18 Dd*iled Statement of FiTha*ei*l Aeiiviti¢s 19 Mid PeAttitit Arty Report of¢he Trnsttes for ¢bt ye*r ended 31 Mxrth 2024 STRucfuRE. GOVERNANCE AND MANAGEMENT Goyerning document The charity is contrdled by its 8overnin8 dLwenL a deed of trusl and consti￿te5 a limit&l ¢ble aj we move into 2025. Lookiny ahead. a]1 these projects continue to fiym the (xrtline of (W ￿￿1ve wnd• Frorn the moorland hei8h¢s around the Spodden Vdley. thr￿gh Pennine iancashire's industrial herit88¢ Irtd Bumley's distinctive town8￿pe to the inspirational lartdscape of Pendle Hill. MPA projects ￿ tappin8 into {￿r %h4rd hexits8< enriching Lancashire's cultural offer and Cr￿In8 rthv ¢apitsl. We are tnveAtn8 in ¢(Kthty's fu￿re aj a unique and di$tin¢tive destination. Our Mis$lort Purpose Mid Pennine Ans brinys ary P￿1¢ and places t• to choft8¢ PW1(￿$ and $c￿etiMeS to chan8e liv¢J. We work through collaboration$ to prixluo high qua]ity cr￿l¥e wLyk tn rw5e to the rich and diverse coniexts of Lancashire and the North West. We work in some of the mo# disadvant48￿] comrnunities in the UK. but have built up a l0rt8 track record of organisati0rt￿ resilienc¢ and arnbitiw high qua]ity w(rk. ￿hlevin8 Teal ￿la1 and econorni impads. Our Aimj Commissi(pn new and ori8inai work of high qu81ity that ig unique to (w lcd CA)niexts. Engage 8rowin8 number$ of peopl¢ &4 audien￿. participants in and collaboratin f{￿ (wr w(Yk. Devise rich leamin8 OPP(*iuni¢i¢s fcff youn8 Fyle and adults to ¢xplty¢ the wirt their responses to it and their ON￿) creative potential. Use the contemporary art5 to explore shared huitage and and make s￿e speL7al places a bit more Speci￿. Ovr Vtsion for MPA A uniqu¢ Creative 0rgan15atiL￿ is imtKrnni rwonally. wisible nationally and int￿ationallY. Creating work of high internation9] #andard that is bespoke. dixinaive knd urtiqu¢ to l¢xal contexts. R(MJted in Pennine Lan¢Lshire but able to work across the c(Mmty, the Thider NW and into Pennine Y(*kshire. Makin8 a key contribution to the fuwre of LancL%hire and its emergence as an incre4sinsly distiiictive Cul￿rA1 destination. Celebr¥in8 a rith cff8anl￿i￿d bi*w bu¢ l(x*ing f(vward wcffkin8 towards to an imp(rtant future role. Pa8e 2 Mid Penmine Arts Report of the Trusttts ror the year ttsdtd 31 March 21124 A Yur'$ Work As we emerged from the panderniq the bcwjy of work w¢ *wrnbI￿ has tsk￿ in a hu8¢ variety of Cre￿1ve experien¢e$. During the year 2023124 we have prryjuced.. 7 commtSSLons of new creative work 65 participatory sessions 15 event4 exhibitirn$ pwfonnances 68 artist w(wkd4yS Our work h*s betn experienced by: Project participanis 4.117 Live auibences 7.070 Online and broadty4 audiences of at leaA (￿.(￿￿• Our work involved: 84 commissioned thi5ts and pufornius 28 voluntews At last 301 hc*Jrs rfvoluntt¢r time Pelldle Radic*li- A different ￿1￿ •fnAe model We continued io develop this uniqu¢ 4nd rewardi￿ proitt4 which has (Mrtla*ed the Pendle Hill pathership pro8ramme ththt lhunched li. We knew th.is volunie¢rth'vaJ rese4r¢h initi￿1Ve had much m(ffe $till io offer. Our Radi¢&l$ community are just 8ellin8 Started. and with ncrtable help from frieAhd5 and Suppor￿ we have swied the transition from that time•limited POrth￿hlp to a lon8u life as A wdaliw pr(ye¢i. Pertdle Radical$ 1$ an expl(ntion of Pendle Hill'$ heri¢W rf r*lical thinkers and n￿-¢(￿f(￿mItt from regearch inve5ti8aiions thmjgh commission5 of new art to celebration ¢v4xts. The proj￿1 is wovidin8 volunietr and l¢wwn8 opportunities for I￿41 pwle ((ail aw and h•$ e*abli5hed a commillfl ciw¢ of brilli￿( volunteu contybutors. Pendle Radic￿$ ¢m¢r8ed as a part of the P¢ndl¢ Hill Landscape Partnership. an wnbitsiws fojr year ￿herne led by the Forest of Bowland N•tionAI Landsc&pe with mkny Iwl partnry supportal by the N4ts(Mai Lottery Herttage Fund. Sterlin8 SUPPOrt from thal source continued with additi(￿11 funds for Pendl¢ Hill legacy projects. In 2023. thi5 Was followed by suppon from Pendle Borc*J8h CthLn¢il thr(w8h the UK Shared Proswity Fund. And thi$ in turn gave us the platfomi to ¢ondud a sucnal Living Wawways AW￿ rettwned in 2022 8ft¥ a lon8 hia¢u5 for the pandemic and rtxeived emphatic support fr(Nn a loy￿ followin8 Mu¢h ¢rt¢wra8ed by thig rewli, we returned to the hi$tori¢, ttewly res￿￿[dIed Finsley Gat¢ Wharfin 2023. Public waj qually strcffi8. BCF me¢ts A ol¢ar need, and will continue to be a key pftrt of (Rtr promrne. A parther5hip with art C(mnmi￿]￿ers Super Slow Way. thi$ ¢eIdTrrat1￿ of Burnley'8 canalside enviTonment is o hishly effective platforni f(* irttr(M]ucin8 a wider audietK¢ io the towpath and its oveJI(X)k￿ treawres of industriA] heTita8e. BCF attracts audiences fr(xn the most disadvants8d n¢ighbLxwho(Ml& and provides o saf< neutral SFMce for a 8¢nuinely diverse public to Share. The vibrani mix of u¢*ive aaiwues we provide are 4lm(Ist ￿1 free, and th¢y Are much V￿utd •t the end of a Ii)n8 summer by the Burnley ￿bIl¢. This year a vibrant mix of pro8ramme at the main stte was C4Jmplem￿t￿ by a neHly canmi88ioned Towpath Explorers, (￿e$L designed fi* familie5 thildren. and a lively rart8¢ of waterborne activity. The beautifid. multic0[￿red library boat Fur(K Scribendi wa$ 4 F•rti¢wlar highlighL Over 5.0(K) attended the Festiv￿. includin8 over 3.600 participants in w(*kthops and interathtve trails MPA manages the web5kte and Ktial media f(K BCF. The website Visit￿ fly the yeaT totalled 5.928, but online traffic on 011 platfonns totaile41 many th￿J$andS of from the loyal followers of BCF. Webslte.. BCF22 film. Pa8e 4 Mid PtnniDe Arts Report oftbe Trusttts for the yt*r ended 31 2024 Spodden V*lley Revealed- A m￿Se￿￿ in tbt land8e*pe Our tnosi ambitious vision continues io be for this major pr¢1￿ to Lyeatr & muswD in the landscape arwid the Whitworth ares. Made possible by N*ional kn)ttery investment thr￿￿1 the Haits8e Fund Spomen Valley Reveal￿ is aiieady dramaticAily bwsting sense of plxe and IC￿ identity. Aftu a l(thg hiatus the pandemi< this year we have tsken some small steps towards bn"n8ing the project back to life. Spcdden Valley Reveated will toke visible sh4)e in th¢ landscape and <￿Ine during 2025. Deve]opryJ with Iiul authority Parts￿rI this is a Visi￿4ry plan for a Uniq￿ line4r herithge destin*ion. Spcdden Valley RevdpAI 1$ based on the European model of the ewnusewn. a Celebrati￿ of place and heritage. but dispet across a number of siles in the landscape. It uses the existin8 ¢ydeway as its SPLne. and will link a dozen microsites of heritage interes( illwninatin8 l¥hinv(rth'$ long timeline of hurn￿ settiemthL and intrcthc4n8 8 new public io some fas¢inating but overl(K)ked hisioiic cottient. er a number of Ye￿ we are buildin8 up this trail of dis¢overy throjgh l&nd5wJing works. improving access and introducing lnierpretstiO￿ but also thr(￿gh an extensive pro8ramm¢ of opprtmiiies to 8et invdve4 for 1¢X￿ people of l ages. We have complet*J the most substhnll￿ dements of Capi￿ wcffks dri￿)d Cowm Reservoir. at th¢ northern 8at¢w&y site of Britsrtni4 and ￿ the certtr￿ n¢yJe of Hatl Street Ind Market Strea. After Covid we complthed landscapin8 works at the ruined h8mlets of Ne4r and Far Cow cl￿ imkYovin8 access and proYidin8 attraciive new s¢atin8 areas. Alon89ide the capithi wuk& we have develcyed a wmmunity twamme to invoive a broAd crw ¥￿tIOn of Ic*41 people. For the Whitworth Skyline Walk. ciThmiuion3 for a new '4udio beaccffis, s￿nd￿l¢k were instnJrnent41 tEI buildin8 up th'lg hugely popul•r amIU￿ event. Fcf the 2023 over 150 pwl¢ dO￿loaded the audio. l)Jr community archaeoio8y artiViti￿ led by wr parthern Di8 Venwr¢4 fmed a We of th¢ pro8rarnme and have established stron8 links with Whinvonh Ht#￿i¢ll ScKiety and Ivhitworth Muselun. Th¢ fift￿. cornpr¢htssive archaeologi￿] report is now in the public domain. Anim commissions have Lyeated a series of new 4rt¢facts fcf Whitw(¥th Museum. Artist Fabric Iulny {aka Paul Slaterl explored (he s￿￿leS arc*Jnd the ei8hieenth w)¢ury Whitworth Doct(Ys Paul's ultimate ￿tative outcom¢ wa5 three music box scuipturd fiBur¢s. which were presentrA to the Muspjm and f(Th th¢ rxntrepiece of a new display. The thre¢ ¢haracws and their s(w will also tsk¢ VIrn￿ fonn withi'n the forthc4)min8 SVR website Anis¢ld¢signer An8ie Thixnpson. of Thcrfnpwn'$ Yard also explLY&I a of the lo￿] his￿1¢9 and le8ends. Through her commission. Anwe Cr￿ed a wondrou5 series of artefacts in a set of character boxe4 which brin8 these storiey to vivid life fty s¢h(K4s and yThm8 p¥l¢. Th¢* are n¢N m show ￿ WhlThv￿th Mufjalln Once complete. by autumn 2025. S￿￿en Valley Revealed will be a v¥luable new resource - for Visito￿ a compelling new reason to ¢xpl(Ye the are4 and fly the next 8eneration. a livdy way in to explorin8 their owm Ict41 hist(wy. A s￿r¢C of new pride f(r people arc￿nd WhItW(￿ and a precicw wnmwiity asset for the rutt￿¢ Webpa8e.' Blog.. Exploring the Valley of Stone.. '.Ilrnid vall revealed. 945 ..Ilvim Burnley'i High Street Herit*gt Artion Zowe- Clllttrrt led rtnewal Workin8 alon85ide Burnley Bor￿gh Cwncil, we continud to lead a a￿tural CODSffliUrn of l(Kal partsierg ￿ ￿lmate the CcMJncil'5 re8eneraiion work with a complementary ￿ltural WOBramme. funded like the HAZ itself by ￿510r1¢ England. Entided Cwnter Cultur< this partnership prowme continuoj for a third year. a f￿ on & wuence of repurtM)sed retail 5pac4 trmpw and pemanen( as the ￿0￿rne reached a sYccessful conclusion. Pa8e 5 Mid PeHnioe A Report •fthe T￿lleeS for the year ended 31 ,Mareh 2024 We were deli8hteAI to bring io Burnley a collabcntion with Opffl Eye Gallery of Livutthl. Saturday GITI 1$ the lon8- running project of An8]O•Americ8n ph(rt08rapher C&%ey Orr This vivid engagement projeci with its particular appeal to a young demographio WAS ideal bringirtB new life back to Burniey's high stred. C&%¢y'5 repeat visit5 for FM)P-UP studio days pr￿lUC￿l a we4]ih of stt]nnin& blow up which we displayoj at the popup space at 117 Si Jam next d(xY to M&S. We moved from 117 to the beautifully refurbish￿ Salon at 160. spxial events in Parth￿Ship with the new Words festival. F(M)Js now turns io ihe rt¢w ￿1Ve hub at (kne Two Thre*. Iwhich will be a new. sh•Jed hcone for MPA and a fittsng home for ollture on the high strttt. Padih*m Mur*ig- Pride of pl*ce on a WAII Padiham's Townscape Heritage Initiative condude4 their pro8[￿rne with a Mur￿ tw) pr￿linen[ town entTe 8abl¢ ends. They &8k¢d MPA to advise them on thi$ priieLX and we were deliBhted to be involved. The two arts51s sdeaed were Gavin R¥hsh4w and Chris Bu¢¢her The a[￿orkS they produced unveiled in April 2023, were hugely well received by l(t4] residents. Govin's 'Splend¢)tr. ewially. cwjpies i vw prun1r￿1 Position at the ¢enlre of iown and has erner8￿ as a new ￿Urce of civi¢ prido Lan¢AJhir¢'$ GrttTrw*yi- Trno$fonning tsrm*¢ Into rtal The straiegic pr¢wamme of ¢ycle T￿le development f¢x Pennin¢ tAncashire represents an impixtw)t el¢meni of our on80ing prowme as work prO￿¢s5¢S towards the cornpldion of two new T￿tr$. (kn wways creative programme is developed in partnership with the Lan¢&shire CC￿nty c￿n¢11 team. and with Hyndburn and Rossendale Borough Councils and the l¢x•l ¢ydinB c(Mnmunities parnjers. Our work has thrtt key aims". Build awaren￿$ of the 8reenway$ ￿ they emerge. promote a sense of ¢ornmunity ownership. and develffj) creative content ￿ add iniere* and keep users comin8 back Thr￿gh these aims. we can transfom unloved strips of tarniac into re41. high value community assets. And in (wr I￿1 communities where unhealthy lifestyles and the (th5ity time bomb •reA tcp prI￿ty iyw the gre￿￿y$ ¢an chan8e lives. This pro8Tarnme intemipted by the pandenuc. bui 1$ ¢crfnin8 yadually back to life. We I￿ workin8 with an anisU8raphic design ¢ollaborati(rA w ¢omplde new idemities fty a suite of three with a creativ¢ m4Jpin8 IKoie¢t to follow. AJ we look towtrds the c4Jnple¢irn of two kry Trmrtes in 2025. this prowme will have in¢r¢uin8 impact on thI￿sandS of livA especially Y￿n¥ live& in (wr crtTren diSadv￿¢d commtsnÉties. Webme.. Exploring the Valley of Sione.. Partnershipj Ndworkin8 Joini and cojlective workin8 are ￿WayS gn imwrnt fa¢t¢x in deliverin8 Ixw wcffk. This y¢ar as much u ever, ay we ¢(￿tinUed to rebuild after the pandemic. We worked with J ran8e of culttll￿ Con50rtium Parn￿ for Bumley. and with Hi*oric En81gnd principd funder of the High Street Herith8e Adion Zone. Hist(xi¢ England ￿s0 distribute41 the government fundin8 Know Your Naghbourh(xxl. which wpwKted ￿ Welcome Burnley prowme. A5 le&d partner f(Y the Burnley oJltura] programm¢, we enjoyed close support from Burniey Borw8h C￿jn¢1I, were ddi8ht&J alx) to 9jpp￿ their work for Padiham thr(￿Bh the Townswe Heritage Initiative. We continu¢ io contribute to Supw Slow Way. the Can￿-theM¢d pro8ramme for the Arts c￿ne11,8 Creative Pwple and Places This brings m&j(K inward tnvestmertt Lnto (w aro and we have rnade & si8nificani CAMtrit￿tson io the Super Slow Way pro8ramme with ￿tiVity themoj arrxmd the Leeds & Livwi Canal and for British Textile Biem)ia]. We continued to paniapate kn the nati￿al w(*kin8 gr￿p for Arts & PlaK chaired by Prof¢ssor Charles Qui¢k of Uctthn and bringing to8ether a ran8e of crY4tsve placemaking ptaditioners. We were d¢li8hted to ¢ontribute our e￿enSIve exwience io thki irn￿rtant forum. Mid PenniD¢ Arts Report ofthe Trn$teex ror tbe yur ended 31 2024 Our mo* iMpor￿t re]4tilMships hwe beth with the funders and partners who have made posyible major projects. We would like to say thank Y￿ to National knery HetitaBe FuDd. Pendle Ffjll Land%4pe Partnership. Historic EnyJ4nrl Whitw(Yth Council. Burnl¢y B{Y￿Sh Cojncil. P¢ndt¢ Borwh Ccrtlncil. R0s5endaie ￿)r{￿gh Council and lancashire Cwttty Cc*Jncil. Cowtnunie#tlotsJ *Dd Marketing MPA WQTks hard io maintain strong visibility ffi strialy limi￿d r¢swrces. The wa8nuti¢ c4)mbination of per1￿j1C e- bulletins and very ¢onsistent ￿la1 media activity is keepin8 wofile cLwistMdy high within the re8i(xL wth total online reach for the ye4r of over 350.397 The MPA e4ulldin ¢t￿tinUeS io attraa vw &￿Itive feedback fr(Mn its A￿scriber%. We aim also for regular activity on Twiner. Faceb(y)k And Insta8r8m which have 3.163. 3.(th and 1.255 followers rtspe¢tively. This h¢lps u5 maintain an effective, ongoin¥ diaio8ue with c#w publiq is reirtfiyeed by pul￿1¢ b1(￿ng on a suiie of related blo8S which received over 2.1(X) views this year. website w¢iv¢s an average of 1,773 visitors a month with over 26,559 Page views over the year. and for th¢ P¢ndl¢ RadI￿lS websitr. views the year tLxalled 7,366. Webpa8u: ni People MPA'5 continuinB wrviyal thrwh chall¢n8in8 times has been depMd¥Yrt on a dedicated stsff and frttlance ieam. Siven strong support by (W trus*es by ￿￿e brilliani Committ￿ voluni¢ers. MPA optr8tes a leon and flexible (rganisati￿al m(xld. with a dirxtmts of two p)st& Cr￿1Ve Dire£tor Nick Hunt and Finance & Admin Direaor Melani¢ Di881< by freelan¢¢ ayxKiates. MPA'5 work is enri¢heAJ by the infiu¢nc¢ of Lwr freelance ASW￿e1 with Shona8h Inw ¢ontrI￿ting to a range of proj'ects. notably Pendle Radicat5 and Burnley Canal Festival. Thanks are due to 411 (w tnjsttts for the Bovernm and support they provide. Individu￿ trustees have 8iven particular support on fundraising and proieLt devdoprnent. In sprin8 2023, Lutry Giddins t(K>k over a5 chair of trustees She sU￿eeded Steph Hawke. who had served six ye4Tr in the role We would like to express wiaj thanks io both Steph and Lesley, for their commitment •nd leaderslmp. Once a8wn thi5 year, the life of MPA been p8rtiallgrly ￿1¢h￿ by volumeer rAMW1b￿lx$ as we hav¢ continued to develop Pendl¢ Radicals. We thank them all f(Y hdpin8 rn￿¢ this proie£t the Absdute joy il is. We are 8r8teful tw to all our fithd¢rs. As we l(M)k back on the condudin8 year of Burnlty HAZ, we are e5pecidly grateful for (105¢ parthership and 51tr1in8 wppm from Burnley Bor(￿sh Cuwxl. Financi*l Revitv Two years on frorn the pandemic. ovmll turnovu remaineAI lower than prtrcovid bu¢ irt Spite of the ¢h4llen8e5 we h&ve faced. the oveJall ￿lcome this year has been encwin8. Totsl expendi￿re arn￿nted to £141,549. T(rtal i￿1￿¢ r(K the year amth]ntèa to £141104. Page 7 Report tsf the Trn5te for the year ended 31 M*rJne w rny •t¢ent1￿ in cMneublic SKt(r Lottery T￿￿S & fwndwions 65.827 8.309 9.250 65.827 8.309 9.250 62.490 20.264 4.881 Other tradin8 affliviti¢8 Investhieni income 56,548 56.549 .274 93.673 Tot41 181.655 EXPENDITURE ON ChAritAble Activities Costs of delivering Charitable Activites Premises & other c(0 Governan¢¢ costs 40.086 14,326 83.387 123.473 14.326 160,551 16.922 Totsj 83.387 181236 NET INCOME 555 555 419 RECONCILIA TION OF FUNDS Tothi funds brought forward 39.522 39.522 39,103 TOTAL FUNDS CARRIED FORWARD The ncrtes fonn PArt of these financial stat￿1￿ts Page 10 M¥1 Peall￿e Artx BmlaD¢e Shett 31 M*r(h 2024 3113124 3113123 Totsl fund fithds FIXED ASSETS Tan¥ible assets 82 82 249 CL'RRENT ASSEIS Stocks Debtors C￿h At bank and in hand 10 1.159 24.340 1.159 24.340 602 39,528 113.441 113.441 87.640 CREDITOKS AmI￿ntS fallin8 thie within one year 12 (73.446) (73.446) (48.367) NET CURRENT ASSETS 39.W5 TOTAL ASSETS LESS CURRENT LIABILITIES 40.077 40.077 39,522 NET ASSETS/(LIABILITIES FUNDS Unrestricted funds.. General fund 13 TOTAL FUNDS The chwithble company is entided to ￿eMPti(￿ I￿￿11 undu Seaion 477 of the Comp￿1¢5 Ad 2(￿ fff the year ended 31 March 2024. The members h4v¢ no¢ rwuired the ¢(m￿panY to djtain an audii of its fift￿¢1￿ statcm¢nts for the year ended 31 Marth 2024 in 4¢oYdance with Seai(m 476 rfthe Cornpanies Aa 2(Kl5. The trustees acknowl¢d8¢ their Tesponsibilitie5 f (a) en￿ring that the tharitable c4)mpJny kerys acc(wAtinB rec(fd$ c(Knply with Seaii)n8 386 and 387 of the Companie$ Act 2(K)6 and preparin8 fi]Wi¢l￿ stalements which 8ive * tnK and fair view ofthe slate of affaÉrs of th¢ ¢lwitable company 88 at the end of each financid ye4r and of its Surplus or deficit f4Y eath financial year in acwrdantt wth the requiremenls of Seaion$ 394 and 395 and which (therwise comply with the requirements of the Cornpanies Act 2006 relfytirtg to financial x) faT a3 applicable to the thuitable company. (b) The ncrtes part of these finan17al Sto*m￿ts Pagell C4)ntinuoJ. . Mid Pennile Arts B￿ance Shttt- ¢omd•ued 31 MArth 2024 Thesc financial ststemetsts have been ID a¢￿thre with the wovisions applicthblc ￿ charitable ￿npathIcS subjed w the small COMPA￿4% reghm¢. The financial ststements were apwoved by the Board of Tn￿le£S and thised isgje on 28 Novcmber 2024 and wcr¢ signcd on its b¢haifby'. L Giddin$- Tn￿le¢ The Th)tes fonn part of these fInw￿l#l ststemen Pa8¢ 12 Mid Petsttitit Artj Notes to the Financi￿ Ststements for ibt yur ended 31 March 2024 STATUTORY INFORMATION fjd Pennine Ans is a limited company, Iirnit￿ by guarantee. registered in En8Jand and Wales. The company's resi￿ered number and olyice address can be f(￿nd the ReM of th¢ Tnth. ACCOUNTING POLICIFS BASIS ol preparing ihe fittAn¢ial 5t#tements The fitWL¢ia] ststements of the charitsble uxnpary. whtch is a public benefit enttty under FRS 102, have b¢en prepared in acli8ation CA)mmittin8 the charity io that expenditure. it is pr(knble th81 a transfer of Konomic benefits be required in sett]emeni and the amount of the obligation can be mewrryj reliably. Expendilure is accojntd for on 4n a¢¢n￿$ b￿19 and has been Classifi￿ under headings thai ￿regate ail rela1￿J to the Catr8￿y. Wh¢re costs cannot be direcdy atiribuied io particular headin83 ih¢y have been allocat￿ to Irtivities on a b&M$ Cl￿5151ent the use of Govern*nee ¢osts Governanc* costs are the coll a￿0ClaI￿ with the 8overnart¢¢ Irran8ements of the ¢h4rity which rdat¢ to gener￿ runnÉn8 rfthe charity &8 oppoxd to those costs &sxKiated with fundr8isinB or ¢haritable activity. Tangibk fli￿ wsets Depreciation is provided at th¢ following knnual in (th ¢0 wrtte off each ostd over its estimaied useful life. Plani ond machinery 25% on c05t Sto¢ Stc*ks are valued at the lower of ¢ost and realisable valw aftw makin8 du¢ atlowantt for obsolete and ylow movin8 Ltem5. T*i•tion The charity i5 exempt frorn o)rFmti¢M tax on its dwithble aoivities. Ftsnd Acfounti118 Unrestricted funds can be used in acc(fdance with the d￿lIAble thjeAives ￿ the digcreticffl of the tru3tee3. R¢strirted fundg cttn only be used for parti¢w]¥r restricted [￿￿$¢5 wrythin the objttts of the charity. Restridions arise when Sp￿lfied by the don￿ orwh¢n fill￿5 are rais￿ fff p*tiO￿ar restTiCtol pUry￿se5. Further explan￿lon of th¢ rt#tswe and w of exh fiuKI ig included in the nth¢s to the financigi stst¢m¢nts. Page 13 ¢(¥rtinuoJ... Mid Pe￿￿]de Arts Notu to the Fiti*nCl￿ S¢*tements- ¢ontinue41 for ihe yt*r ended 31 Marth 1024 OTHER TRADING AcfiviTIES 3113124 3113123 Earned Inc4)me 56.549 93.673 INVESTMENT INCOME 3113124 3113123 Bank deposit Rnteresi iio NET INCOMEI(EXPENDITURE Net incompJ(expenditure) is swed after Char￿'n￿(Credtti￿s).. 3113124 3113123 Depreciatirn. owned a¥sds 167 167 TRUSTEES. REMUNERATION AND BENEFITS Thue were no trustees. reMutwati(￿ or othu b**fits for the year thded 31 March 2024 n¢x for the year ended 31 March 2023. Truittt•' expen were no trusiees, expenses p•id fw the ye4r endeAI 31 March 2024 n(Y fcr the y¢w ended 31 M•r¢h 2023. STAFF COSIS I sthff are employtjj irt i c(￿bInAti￿ of ChaTttable Aaivity and Supwt Staff rdes and total cost$ are.. 31103ll024 3110312023 WA8es & Saigri¢s S(*i415ecurity cosis Pension costs 51995 64,340 1.692 The avera8e monthly number (lemploy¢es duTill8 the year was as follows.. 3113t24 3113123 No employees received emdumertts in excess of £(￿.((￿1. Pa8¢ 14 continu￿... Mid PettniDt Arts Note8 to the Financi￿ Staiements- conts•ued for the year ended 31 .March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACnVITtES Unrestrieted Restrict&l fund fut)d funds INCOME AND ENDOWMENIS FROM Donations and I¢Bacies 237 237 Chiritsble activK¢ie# Authoritse51Public Sttt 62.4 20.264 4.881 62,490 20,264 4,881 Trusts & f(Mthd*ions Other tradin8 a¢tivities lrtvestmeni income 93,674 93,673 iio TotAI 87.634 181655 EXPENDITURE ON Charitable Attivi¢i C051s of deliverin8 Charithble Athiviies Premises & other costs Governance costs 74.676 15.163 3.763 85.875 .759 l()0.551 16.922 Tot*1 181236 NET INCOME 419 419 RECONCILIATION OF FUNDS Total funds br(XLBhi forward 39.103 39,103 TOTAL FUNDS CARIUED FORWARD TANGIBLE FIXED ASSETS Plant and machinery COST At l April 2023 And 31 March 2024 DEPRECIATION At l April 2023 Charge for y 6.659 167 At 31 March 2024 NET BOOK VALUE At 31 Mar¢h 2024 82 At 31 March 2023 249 Page 15 Mid Arts Notes to tbt FiBaoeial St#ttmeDts- continued for tbe yur ended 31 March 2024 io. STOCKS 3113124 31n123 st￿ks 1.159 602 DEwfoRS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31rJ124 3113123 Trade debtors Accrued income 24.C 340 35,528 12. CREDITOILS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3113r24 3113123 Trade crediwrs VAT Deferred in¢(xne AccDJed expenses 11.356 2.765 50.829 16.528 1,435 26.654 13. MOVEMENT IN FUNDS Net movement in fi￿dS At 3113124 At 114r23 Utyrutrieted fwndl Gener￿ fund 39.522 553 40,077 TOTAL FUNDS 555 mov¢m¢rtt in fimd& in¢luded in the above ar¢ ￿ fc41owi'. expendol in fund$ Unresiri¢ied General fund 58,717 (58.162) 555 Rejiritted funds Restriaed 83.387 (83.387) TOTAL FUNDS 141549) 555 Pa8e 16 ltinu￿... M¥1 Pennitte Arfy Notes to the Fin#nei￿ Ststemtttts- contittued for the year eDded 31 M*r¢h 2024 13. MOVEMENT IN FUNDS- eoltinued Comp*rativeJ for mwement iti movement in funds At 3113123 At 114122 Unre8trieied fun Generd fund 39.103 419 39.522 TOTAL FUNDS 419 Cornparative net movement in induded in the the are as follows.. IncAxllin8 Re$wr￿ Movement rescAtr¢u expended in funds Utsrts¢ri¢ted futydj General fund 94.021 (93.602) 419 Resirifted funds R¢stricttd 87,634 (87.634) TOTAL FUNDS 181655 181.236) 419 A current year 12 M￿th$ and Pri￿ year 12 rn￿th$ C4)mbined positi￿ ij as fdlows.. Net movement in funds At 3113124 At 114122 Unrestricted Gener4J fund 39,103 974 40.077 TOTAL FUNDS 974 A current year 12 months and pri(Y year 12 mwths ￿bined movement in furtd& Ind￿j￿ in the above are &% follows". Incomin8 ReS￿r￿S eX￿ded Movernent in funds Unrestricted funds GeneTd fund 152,738 (151,764) 974 Rejtrieted funds Re5triaed 171,021 (171.021) TOTAL FUNDS 323 759 322 785 974 Pa8e 17 ontinued... Mid Pellni￿ Artj Notes to tbt FiDxn¢ial Statements- CODtinued for ibe ye•r ended 31 2024 14. RELATED PARTY DlSCtL)SURES Thtre were no related paty transaai(x)s f(x the year ended 31 Marth 2024. 15. MOVEMENT IN RESTRICTED FUNDS The following movements in Re￿rIcted Fundy t(M* place duTRn8 the yeaT' $fer Pendle Radi¢aJi Lancashire c￿ftty CoJn¢il (Fiyex of Bow4and) Lanwhire C¢JJnty c￿n¢11 Culnkre & Sp(rt Fund 8.712 11087 (8,712) (12,087) Spodden Valley ReYt•led Lanca5hire EnVironMeft￿l Fund Heritage Lottery Fund .750 8.310 (8,750) (8.310) rnley Can*1 F#tlvAI Lancashire c￿nty c￿￿¢11 (L￿￿ mem￿ Fund) Duchy of Lanc¥t¢r L8n¢a5hire County C(kth¢il Culwre & FUTKI 1.7¢X) {1,71)0) (500) (3,328) 3.328 Str•tegk Gener*] Hi51oric Enpjand . Know Y(w Neighb￿￿1￿ (40.¢X¥)) Pa8e 18 Mid Peanine Arts Det*iled Statement of FiDaneial Aetiwities ror the ye*r tttded 31 M*rcb 2024 3113124 3113123 INCOME AND EI¥DOWMENIS Donatiolli and leg*ties Donations 895 237 Other irAding activities Earned Income 56.549 93,673 InvestmeDt income Bank dep05lt iniere 1,274 110 Charit*ble aftivities Grants Total incomittg rtjourcej 142.104 181.655 EXPENDITURE Cbiritable ieiivttk• StatTcosis Premises & Equipment Prwamm¢ & Markdin8 55.086 16.742 68.239 16.642 137.481 177.193 Support ¢osts Other her Costs Plant and machinery 113 167 167 318 280 Govern&ntt ¢o•ts Accountancy Totsl reswr¢es expended 141549 181236 Net irteome 555 419 This FW dtxs not fonD Pwt rfthe ststuw financ4ai Pa8e 19