## Left Bank Leeds Charitable Trust
Charity number 1146734
A company limited by guarantee number 06805675
# Annual Report and Financial Statements
## for the year ended 31 March 2022
These are non-statutory consolidated accounts for the charity and its trading subsidiary Left Bank Leeds CIC. The trustees have chosen to prepare these accounts on a voluntary basis as they are not required by charity law.
## Left Bank Leeds Charitable Trust
Annual Report and Financial Statements for the year ended 31 March 2022
|**Contents**|**Page**|
|---|---|
|Trustees' report|2 to 6|
|Examiner's report|7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the accounts|10 to 15|
## **Prepared by West Yorkshire Community Accounting Service**
1
## Left Bank Leeds Charitable Trust
## Trustees' report for the year ended 31 March 2022
## **Reference and administrative details of the charity, its trustees and advisors**
The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates**
Jonathan Dorsett Annabel Hall Simon Hall Nicola Hambridge Michael Love Michael Walker Helen Love
**Charity number** 1146734 Registered in England and Wales **Company number** 06805675 Registered in England and Wales **Registered and principal address Bankers** Co/ The Cardigan Centre Yorkshire Bank Co-operative Bank Plc 145 - 149 Cardigan Rd 6 Otley Road PO Box 250 Leeds Leeds Skelmersdale LS6 1LJ LS6 2AA WN8 6WT
## **Independent examiner**
Simon Bostrom FCIE **West Yorkshire Community Accounting Service** Stringer House 34 Lupton Street Leeds LS10 2QW
## **Structure, governance and management**
The charity is a company limited by guarantee and was formed on 29 January 2009. It is governed by a memorandum and articles of association as amended by special resolution 23 September 2011, 3 November 2015 and 8 February 2018. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £10.
## **Method of recruitment and appointment of trustees**
The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.
2
## Left Bank Leeds Charitable Trust
## Trustees' report (continued) for the year ended 31 March 2022
## **Objectives and activities**
## **The charity's objects**
(a) to promote for the benefit of the public the preservation, maintenance and improvement of the fabric of the former St. Margaret of Antioch church building, cardigan road, Leeds, its monuments, stained glass and other chattels for the benefit of the local community and to promote therein such purposes as are charitable according to laws of England and wales and which are not inconsistent with the Christian faith. For the
(b) to promote the arts for the public benefit in Leeds and surrounding area by providing arts activities, education and training.
(c) to provide facilities for recreation or other leisure time occupation in the interest of social welfare for persons who have need of such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances, with the object of improving the conditions of life for such persons in the said location and in such other parts of the united kingdom or the world as the trustees may from time to time think fit.
(d) to advance education by such means as the trustees may consider appropriate including (though not by way of limitation) by means of establishing, operating, supporting any education establishment or establishments in the said location and in such other parts of the united kingdom or the world as the trustees may from time to time think fit.
(e) to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the united kingdom or the world as the trustees may from time to time think fit.
(f) to advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto in Leeds and in such other parts of the united kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and wales and are connected with the charitable work of the trust.
## **The charity's main activities**
These activities include maintaining our building as a multidisciplinary arts venue that provides the community with an accessible programme of arts and events that visitors can engage with in a number of ways, including: attending events, exhibition openings where the artists are available to talk about their work, panel discussions, workshops and reflections. Our programming includes exhibitions, installations, a summer group show, awarding the Left Bank Leeds Art Prize, festivals, sing along sessions, cinema screenings, yoga, afternoon teas, talks, workshops, a series of events coinciding with the Christian calendar, Christmas events and a series of seasonal crafts for children. The venue is able available for hire by those wanting to run both private and public functions.
## **Public benefit statement**
The Trustees have considered the Charity Commission’s general guidance on public benefit and believe the charity’s objects align with this. The charity is: preserving the Grade II* listed former church building; making it open to the public on a daily basis; providing an accessible programme of arts and events that enhance wellbeing and social cohesion in the local community; continues to cultivate relationships with local education establishments; to offer free coworking space and free access to arts and events where possible; promote arts and events that mark key events in the Christian calendar.
3
## Left Bank Leeds Charitable Trust
## Trustees' report (continued) for the year ended 31 March 2022
## **Achievements and performance**
Due to the restrictions on opening during the Covid 19 pandemic, over the Easter school holidays we provided creative and fun activities for children and their carers in our garden, but were unable to reopen our building before 17th May 2021. The changes that had been tried and tested in the financial year 2020-2021 meant that we were ready to continue with the new business plan of the Charity’s CIC which aligned much more closely with the Charity’s objects. By opening every day as a café and co-working space, many more people were able to access and enjoy our beautiful building and escape the isolation of working from home. As a result, there was a corresponding increase in the number of people coming forward with ideas of creative things they would like to do in the building, and a new creative community began to emerge around Left Bank.
Regular activities during the year included: a weekly life-drawing class; Creative Takeover Wednesday nights with a wide range of art classes and user-generated and led craft and arts groups; hip-hop music and dance classes for children and teens; monthly open-mic poetry evenings; Healthy Holidays artist-led activities and lunches for school-age children in the Summer and Christmas holidays; a weekly homework club for local children. Our Porch Gallery is a changing, selling exhibition of prints supporting local artists.
During the year Left Bank promoted several major arts activities and events. In the summer of 2020 acclaimed Leeds-based artist Pippa Hale had carried out a series of creative activities for children on the theme of Heaven. She took the children’s drawings and incorporated them into her design for a large playful inflatable commissioned by Left Bank and launched on 28th May 2021. Leeds artist Diane Shillito’s installation ’Garden of Lost and Found’ in September included a series of reflections and workshops on loss and grief. The first ‘Leeds Poetry Festival’ and competition took place in close association with Left Bank and other local venues and proved to be a real success meaning that it was able to attract funding for 2022’s festival. In February 2022 Left Bank hosted Giles Walker’s installation ‘Monster’ portraying the sickness afflicting English national life. This had previously only had a limited showing in London due to the pandemic but at Left Bank saw sell-out performances over two and half weeks and coverage by local and national media. Monster attracted 3,075 people to free, timed viewings during its installation and the £2,313 donations received were directed to the artist’s charity of choice supporting refugees. Monster helped to raise Left Bank’s status within the arts community in Leeds and across the country and inspired visits from other similar community venues from across the UK.
Several more explicitly faith-based events took place including: a visit from Christian writer, poet, and musician David Benjamin Blower; Amos Trust’s touring event Carols from Bethlehem, raising awareness of humanitarian issues in Israel-Palestine and supporting Palestinian arts initiatives; and at Christmas, Left Bank’s famous ‘Beer and Carols’, family Christmas activities, and a seasonal celebration in words and music.
Left Bank has become increasingly active in the local community and has taken on the key strategic role of coordinating the local Neighbourhood Forum and the completion of the Neighbourhood Plan. We have strengthened relationships with and between other local arts and community organisations and led on publishing a zine about the local area. As Left Bank is surrounded by a lot of student housing which is the cause of frequent community tensions, an alternative Freshers’ Week of activities welcoming students to Leeds/to the local area, included well-being sessions, arts events and activities, and volunteering opportunities.
Left Bank CIC ended the year in profit and will be able to begin to build up necessary reserves. Wedding receptions are a major source of the CIC’s income, and this has picked up with many of the weddings postponed during lockdowns now taking place; other outside hires have also increased, and we are adjusting our prices to cover the fuel cost increase. We are aware of the risks posed by the cost-of-living crisis to Left Bank, as a hospitality venue, but we are confident that we will be able to adapt and offer solutions as we did during the last two years of restrictions. We will, for example, be offering a pay-as-you-feel lunch option every day (in partnership with the Surplus to Purpose food waste charity) so that no-one coming to Left Bank will be unable to afford to eat there.
4
## Left Bank Leeds Charitable Trust
## Trustees' report (continued) for the year ended 31 March 2022
## **Financial review**
The net income for the year was £62,127, including net income of £65,109 relating to unrestricted funds and net expenditure of £2,982 relating to restricted funds.
## **Reserves policy**
The charity has a policy of holding £10,000. The reserves are held to restructure the delivery of our charitable projects in the event that our subsidiary was unable to carry on facilitating our work.
The charity's free reserves excluding fixed assets and long term liabilities were £21,169.
At the time of signing these accounts the charity has been impacted by the global Covid-19 virus. The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.
5
## Left Bank Leeds Charitable Trust
## Trustees' report (continued) for the year ended 31 March 2022
## **Statement of trustees' responsibilities**
The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.
Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.
Approved by the board of trustees:
Michael Love (Trustee)
Date………19/12/2022……….
6
## Left Bank Leeds Charitable Trust
## Independent examiner's report to the trustees of Left Bank Leeds Charitable Trust
I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022, which are set out on pages 8 to 15.
## **Responsibilities and basis of report**
As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the charitable company 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 accounts as carried out under section 145 of the Charities Act ('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**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or
- 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
- 4 the accounts 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 accounts to be reached.
Simon Bostrom
Relevant professional qualification or body: FCIE
Date: ………19/12/2022……
## **West Yorkshire Community Accounting Service**
Stringer House 34 Lupton Street Leeds LS10 2QW
7
## Left Bank Leeds Charitable Trust
## Statement of Financial Activities
## (including summary income and expenditure account) for the year ended 31 March 2022
|Notes
2022
Unrestricted
funds
£
**Income from:**
Grants and donations
(2)
22,163
Income from commercial trading operations
(3)
418,142
**Total income**
440,305
**Expenditure on:**
Staffing
158,392
Travel and subsistence
291
Training
-
Utilities
17,329
Rates
412
Insurance
9,602
Office costs
6,815
Marketing and communications
28,909
Activity costs
32,495
Equipment and materials
12,722
Repairs and maintenance
30,501
Professional fees
40,300
Independent examination
1,758
Donations
3,539
Loan interest
407
Bank charges
520
Grants repayable
-
Accountancy
14,786
Depreciation
15,418
**Total expenditure**
374,196
**Net income / (expenditure)**
66,109
**Fund balances brought forward**
110,581
**Fund balances carried forward**
(4)
176,690|2022
Restricted
funds
£
173,292
-
173,292
4,427
-
-
-
-
-
-
-
171,591
-
-
-
-
-
-
-
256
-
-
176,274
(2,982)
2,982
-|2022
Total
funds
£
195,455
418,142
613,597
162,819
291
-
17,329
412
9,602
6,815
28,909
204,086
12,722
30,501
40,300
1,758
3,539
407
520
256
14,786
15,418
550,470
63,127
113,563
176,690|2021
Total
funds
£
185,198
69,990
255,188
97,381
252
41
5,935
-
9,748
6,193
5,869
73,650
1,403
33,504
56,723
1,215
-
-
57
-
10,890
13,461
316,322
(61,134)
174,697
113,563|
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
8
## Left Bank Leeds Charitable Trust
## Balance sheet
|as at 31 March 2022
2022
Unrestricted
£
**Fixed assets**
Tangible assets
(5)
241,337
**Total fixed assets**
241,337
**Current assets**
Stock
7,967
Debtors and prepayments
(6)
35,291
Cash at bank and in hand
(7)
115,372
**Total current assets**
158,630
**Current liabilities:**
**amounts falling due within one year**
Creditors and accruals
(8)
136,461
**Total current liabilities**
136,461
**Net current assets / (liabilities)**
22,169
**Total assets less current liabilities**
263,506
**Creditors: amounts falling due after one year**
(9)
86,816
**Net assets**
176,690
**Funds**
Unrestricted funds
176,690
Restricted funds
-
**Total funds**
176,690|2022
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|2022
Total
£
241,337
241,337
7,967
35,291
115,372
158,630
136,461
136,461
22,169
263,506
86,816
176,690
176,690
-
176,690|2021
Total
£
248,928
248,928
7,967
17,177
67,013
92,157
131,072
131,072
(38,915)
210,013
96,450
113,563
110,581
2,982
113,563|
|---|---|---|---|
For the year ending 31 March 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2015).
The financial statements were approved by the board of trustees on
Date: ………19/12/2022…
Michael Love (Trustee)
9
## Left Bank Leeds Charitable Trust
## Notes to the accounts
for the year ended 31 March 2022
## **1 Accounting policies**
## **Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
## **Going concern**
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
## **Incoming resources**
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
## **Grants and donations**
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
## **Expenditure and liabilities**
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
## **Grants payable with performance conditions**
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
## **Grants payable without performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.
## **Taxation**
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
10
## Left Bank Leeds Charitable Trust
## Notes to the accounts
for the year ended 31 March 2022
## **1 Accounting policies continued**
## **Tangible fixed assets**
Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:
Freehold land: nil Freehold buildings: over 40 years Furniture and equipment: over 5 years
## **Pensions**
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
11
## Left Bank Leeds Charitable Trust
## Notes to the accounts continued
## for the year ended 31 March 2022
|**2 Grants and donations**
Arts Council England (ACE)
Groundwork UK
HMRC Job Retention Scheme
Leeds City Council (LCC)
Leeds Community Foundation
Triodos Foundation
National Lottery Community Fund (NLCF)
National Lottery Heritage Fund (NLHF)
Donations|2022
Unrestricted
funds
£
-
-
-
16,000
-
-
-
-
6,163
22,163|2022
Restricted
funds
£
118,911
2,686
4,427
9,268
37,000
1,000
-
-
-
173,292|2022
Total
funds
£
118,911
2,686
4,427
25,268
37,000
1,000
-
-
6,163
195,455|2021
Total
funds
£
-
-
65,905
54,216
4,937
-
9,970
49,500
670
185,198|
|---|---|---|---|---|
## **3 Income from trading activities**
The wholly owned trading subsidiary Left Bank Leeds CIC is incorporated in the United Kingdom (company number 07827235) and pays profits to the charity under the gift aid scheme. Left Bank Leeds CIC operates the wedding facilities, bar, venue and all commercial trading operations carried on at the Left Bank Leeds Charitable Trust premises. A summary of the trading results is shown below.
|**The summary financial performance of the subsidiary alone is:**
**Income**
Charges to parent charity in respect of project delivery
Commercial trading activities
Grants and donations
Total income
**Less expenditure**
Net expenditure
**The assets and liabilities of the subsidiary were:**
Fixed assets
Current assets
Current liabilties
Long term liabilities
Net assets
Profit and loss account
Share capital
Total reserves|2022
Total
funds
£
-
423,939
176,274
600,213
(524,297)
75,916
16,055
227,551
(192,987)
(36,816)
13,803
13,778
25
13,803|2021
Total
funds
£
32,779
69,990
134,974
237,743
(285,612)
(47,869)
18,057
121,790
(155,510)
(46,450)
(62,113)
(62,138)
25
(62,113)|
|---|---|---|
## **Investments in subsidiary undertakings**
The charity holds 25 shares of £1 each in its wholly owned trading subsidiary company Left Bank Leeds CIC which is incorporated in the United Kingdom. These are the only shares allotted, called up and fully paid.
12
## Left Bank Leeds Charitable Trust
## Notes to the accounts continued
## for the year ended 31 March 2022
|**4 Restricted funds**
Groundwork
HMRC
LCC Arts grant
Triodos
LCC Arts and leeds
LCC Restart
LCC kids activities
Leeds Community Foundation
ACE|Balance b/f
£
-
-
-
-
-
-
2,982
-
-
2,982|Incoming
£
2,686
4,427
5,000
1,000
518
3,750
-
37,000
118,911
173,292|Outgoing
£
2,686
4,427
5,000
1,000
518
3,750
2,982
37,000
118,911
176,274|Transfers
£
-
-
-
-
-
-
-
-
-
-|Balance c/f
£
-
-
-
-
-
-
-
-
-
-|
|---|---|---|---|---|---|
## **Fund name**
## **Purpose of restriction**
Groundwork Neighbourhood planning funding towards the Hyde Park interim forum. HMRC Job retention scheme funding for furloughed staff salaries. LCC Arts grant Towards arts activities. Triodos Towards the costs of a sustainability project. LCC Arts and leeds Towards arts activities. LCC Restart Additional restrictions funding. LCC kids activities Covid recovery funding for kids activities. Leeds Community Foundation Towards Healthy Holidays activities. ACE Cultural recovery funding.
|**5 **
**6 **|**Tangible assets**
**Cost**
At 1 April 2021
Additions
At 31 March 2022
**Depreciation**
At 1 April 2021
Charge for year
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021
**Debtors and prepayments**
Debtors
Loan to brewing company
Prepayments|25,475
-
25,475
-
-
-
25,475
25,475
Land|£
41,662
7,827
49,489
20,680
9,440
30,120
19,369
20,982
Furniture
and
equipment|£
239,078
-
239,078
36,607
5,978
42,585
196,493
202,471
2022
£
24,552
6,739
4,000
35,291
Buildings|Total
£
306,215
7,827
314,042
57,287
15,418
72,705
241,337
248,928
2021
£
17,177
-
-
17,177|
|---|---|---|---|---|---|
13
## Left Bank Leeds Charitable Trust
## Notes to the accounts continued
## for the year ended 31 March 2022
|**7 Cash at bank and in hand**
Charity:
Cash at bank
Cash in hand
CIC:
Cash at bank
Cash in hand
**8 Creditors and accruals**
Creditors
Accruals
Income received in advance
Damage bonds
Loans
Deferred grant income - LCF for Healthy Holidays 2022
VAT payable
Tax and NI
Other creditors
**9 Creditors: amounts falling due after one year**
Loans and overdrafts|2022
£
4,407
-
109,816
1,149
115,372
2022
£
11,494
2,822
100,075
6,000
10,041
-
2,408
3,140
481
136,461
2022
£
86,816
86,816|2021
£
17,530
-
48,334
1,149
67,013
2021
£
2,530
1,700
97,896
4,400
3,550
15,000
-
5,996
139
131,211
2021
£
96,450
96,450|
|---|---|---|
## **10 Related party transactions**
## **Trustee expenses**
No trustee received any expenses during this year or the previous year.
## **Trustee remuneration and benefits**
No trustee received any remuneration or benefits during this year or the previous year.
## **Loan to the charity from trustee**
At 31 March 2022 the charity owed Helen Love (trustee) a sum of £50,000. This was in respect of a loan made by Helen to the charity at no interest.
No repayment date has been fixed on the loan. The trustees and Helen will monitor the finances of the charity and look at repayment options on an ongoing basis.
It is for this reason that the loan has been valued at cost as opposed to being adjusted for a market rate of interest.
## **Transactions involving Left Bank CIC**
During the accounting period the following transactions took place between the charity and its wholly owned subsidiary Left Bank Leeds CIC:
The subsidiary company did not provide services to the charity during the year (2021: £32,779) but did incur premises overhead recharges of £16,215 (2021: £9,267).
Balances outstanding owed to the CIC were £12,796 (2021:£30,253).
There were no other related party transactions during this year or the previous year.
14
## Left Bank Leeds Charitable Trust
## Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2022
|2022
2021
Unrestricted Unrestricted
funds
funds
£
£
**Income**
Grants and donations
22,163
26,904
Income from commercial trading
418,142
69,990
**Total income**
440,305
96,894
**Expenditure**
Staffing
158,392
5,022
Travel and subsistence
291
252
Training
-
41
Utilities
17,329
1,935
Rates
412
-
Insurance
9,602
9,748
Office costs
6,815
4,407
Marketing and communications
28,909
3,989
Activity costs
32,495
35,980
Equipment and materials
12,722
1,403
Repairs and maintenance
30,501
19,279
Professional fees
40,300
56,723
Independent examination
1,758
1,215
Donations
3,539
-
Loan interest
407
-
Bank charges
520
57
Grants repayable
-
-
Accountancy
14,786
6,997
Depreciation
15,418
13,461
**Total expenditure**
374,196
160,509
**Net income / (expenditure)**
66,109
(63,615)
**Transfers between funds**
-
7,278
**Net movement in funds**
66,109
(56,337)
**Fund balances brought forward**
110,581
166,918
**Fund balances carried forward**
176,690
110,581|2022
Restricted
funds
£
173,292
-
173,292
4,427
-
-
-
-
-
-
-
171,591
-
-
-
-
-
-
-
256
-
-
176,274
(2,982)
-
(2,982)
2,982
-|2021
Restricted
funds
£
158,294
-
158,294
92,359
-
-
4,000
-
-
1,786
1,880
37,670
-
14,225
-
-
-
-
-
-
3,893
-
155,813
2,481
(7,278)
(4,797)
7,779
2,982|2022
Total
funds
£
195,455
418,142
613,597
162,819
291
-
17,329
412
9,602
6,815
28,909
204,086
12,722
30,501
40,300
1,758
3,539
407
520
256
14,786
15,418
550,470
63,127
-
63,127
113,563
176,690|2021
Total
funds
£
185,198
69,990
255,188
97,381
252
41
5,935
-
9,748
6,193
5,869
73,650
1,403
33,504
56,723
1,215
-
-
57
-
10,890
13,461
316,322
(61,134)
-
(61,134)
174,697
113,563|
|---|---|---|---|---|
15