##
##
##
|||Page|
|---|---|---|
|Reference and Administrative|Details ofthe Charity, its Trustees and Advisers||
|Chairman's
statement||3-4|
|Chief Executive's statement||4-5|
|Trustees'
Report||6-18|
|Independent
Auditors'
Report|on the Financial Statements|19-21|
|Consolidated
Statement of Financial Activities||22|
|Consolidated
Balance Sheet||23-24|
|Charity Balance Sheet||25-26|
|Consolidated
Statement ofCash Flows|||
|Notes to the Financial Statements||28-47|
##
##
|Trustees||||Sir R Marsh OBE, DL, Chair|Sir R Marsh OBE, DL, Chair|Sir R Marsh OBE, DL, Chair||
|---|---|---|---|---|---|---|---|
|||||N J Ali BEM (appointed||19April 2021)||
|||||5Aslam
MBE(appointed||19April 2021)||
|||||Councillor 5 Baines|MBE (resigned||5October 2022)|
|||||L J Crawford||||
|||||8 N M Smith (appointed||19April 2021)||
|||||TSmith (appointed|19April 2021)|||
|||||Councillor TI Swift|MBE|||
|||||R KAshworth
(resigned||19 April 2021)||
|||||I G Batsleer (appointed||19April 2021, resigned 8October 2021)||
|||||N J Chance-Thompson
DL||||
|||||R PStross (resigned|19|April 2021)||
|Company|registered|||||||
|number||||08906735||||
|Charity registered|||number|1156946||||
|Registered||office||The Piece Hall||||
|||||Blackledge||||
|||||Halifax||||
|||||West Yorkshire||||
|||||HX1 1RE||||
|Company|secretary|||C Bate||||
|Chief executive officer||||N J Chance-Thompson||DL||
|Independent||auditors||BHP LLP||||
|||||New Chartford
House||||
|||||Centurion
Way||||
|||||Cleckheaton||||
|||||Bradford||||
|||||West Yorkshire||||
|||||BD193QB||||
|Bankers||||Lloyds TSB||||
|||||Commercial
Street||||
|||||Halifax||||
|||||West Yorkshire||||
|||||HX1188||||
|||||HSBC||||
|||||7 Commercial
Street||||
|||||Halifax||||
|||||West Yorkshire||||
|||||HX1 1HN||||
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2022
E|2022
E|2022
6|2021f|
|Income from:||||||||
|Donations
and|legacies|||854,480|568,570|1,423,050|1,387,114|
|Charitable
activities||||3,224,928|61,914|3,286,842|1,262,062|
|Investments||||3||3|13|
|Total income||||4,079,411|630,484|4,709,895|2,649,189|
|Expenditure
on:||||||||
|Raising funds||||46,176||46,176||
|Charitable
activities||||4,028,206|724,009|4,752,215|2,817,666|
|Total expenditure||||4,074,382|724,009|4,798,391|2,817,666|
|Net movement|in funds|||5,029|(93,525)|(88,496)|(168,477)|
|Reconciliation|offunds:|||||||
|Total funds brought||forward||(2p321,774)|299,525|(2,022,249)|(1,853, 772j|
|Net movement|in funds|||5,029|(93,525)|(88,496)|(168,477)|
|Total funds carried||forward||(2,316,745)|206,000|(2,110,745)|(2,022,249)|
##
##
|||Note||2022
E||2021f|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets||10||977,920||976,722|
|||||977,920||976,722|
|Current assets|||||||
|Stocks||12|48,545||21,943||
|Debtors||13|378,243||419,134||
|Cash at bank and in|hand||448,438||512,093||
||||875,226||953,170||
|Creditors; amounts|falling due within one year|14|(1,038,982)||(1,032,141)||
|Net current
liabilities||||(163,756)||(78,971)|
|Total assets less current liabilities||||814,164||897,751|
|Creditors: amounts|falling due after more than||||||
|one year||15||(2,924,909)||(2,920,000)|
|Total net assets||||(2,110,745)||(2,022,249)|
|Charity funds|||||||
|Restricted funds||17||206,000||299,525|
|Unrestricted
funds||17||(2,316,745)||(2,321,774)|
|Total funds||||(2,110,745)||(2,022,249)|
##
##
|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note||E||E|
|Fixed assets|||||||
|Tangible assets||10||865,752||964,858|
|Investments|||||||
|||||865,753||964,859|
|Current assets|||||||
|Debtors||13|669,319||691,963||
|Cash at bank and in|hand||331,672||471,325||
||||1,000,991||1,163,288||
|Creditors: amounts|falling due within one year|14|(870,521)||(971,476)||
|Net current assets|/ liabilities|||130,470||191,812|
|Total assets less current liabilities||||996,223||1,156,671|
|Creditors: amounts
one year|falling due after more than|15||(2,924,909)||(2,920 000)|
|Tota Inet assets||||(1,928,686)||(1,763,329)|
|Charity funds|||||||
|Restricted funds||17||206,000||299,525|
|Unrestricted
funds||||(2,134,686)||(2,062,854)|
|Totalfunds||||(1,928,686)||(1,763,3291|
##
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##
|||||2022|2021|
|---|---|---|---|---|---|
|||||6||
|Cash flows from operating|activities|||||
|Net cash used in operating|activities|||126,752|446,384|
|Cash flows from investing|activities|||||
|Purchase oftangible fixed assets||||(184,785)|(82,903)|
|Net cash used in investing|activities|||(184,785)|(82,903)|
|Cash flows from financing|activities|||||
|Cash infiowa from new borrowing|||||75,000|
|New finance leases||||8,000||
|Repayments
offinance leases||||(13p622)|(16,908)|
|Net cash (used in)/provided|by financing||activities|(5,622)|58,092|
|Change
in cash and cash equivalents||in the year||(63,655)|421,573|
|Cash and cash equivalents|at the beginning||ofthe year|512,093|90,520|
|Cash and cash equivalents|at the end|ofthe year||448,438|512,093|
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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022
E|2022
6|2022
6|2021f|
|Donations||77,484||77,484|20,261|
|Grants||776,996|320,255|1,097,251|490,973|
|Government|grants||248,315|248,315|875,880|
|||854,480|568,570|1,423,050|1,387,114|
|Total 2021||307,219|1,079,895|1,387,114||
##
##
|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2022|2022|2022|2021|
|||f|f|f|E|
|Calderdale|Council - Service Level Agreement|502,000||502,000|587,000|
|Events income||626,598||626,598|1,887|
|Heritage &|Learning|13,647|61,914|75,561|126,824|
|Rental income||554,859||554,859|229,280|
|Retail income||1,527,824||1,527,824|317,071|
|total 2022||3,224,928|61,914|3,286,842|1,262,062|
|Total2021||1,135,655|126,407|1.,262,062||
##
|Bank|interest|receivable|
|---|---|---|
|Total|2021||
|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2022|2022|2021|
|f|f||
|||13|
|13|13||
##
##
##
|||Activities|||
|---|---|---|---|---|
|||undertaken|Total|Total|
|||directly|funds|funds|
|||2022
6|2022
6|2021f|
|Direct|costs|4,752,215|4,752,215|2,817,666|
|Total|2021|2,817,666|2,817,666||
##
##
##
##
|||||Total|Total|
|---|---|---|---|---|---|
||||Activities|funds|funds|
||||2022|2022|2021|
|||||E|E|
|Staff costs|||1,860,102|1,860,102|1,567,785|
|Depreciation|||183,587|183,587|166,439|
|Rates and water|||16,550|16'550|17,553|
|Insurance|||97,085|97,085|81,400|
|Telephone|||7,110|7,110|10,014|
|Printing,
postage and stationery|||16,542|16,542|12,887|
|Sundries|||110,415|110,415|6B,933|
|Repairs and maintenance|||412,180|412,180|160,100|
|Cleaning|||155,255|155p255|68,445|
|ITCosts|||38,972|38,972|47,415|
|Marketing
and||publicity|124,981|124,981|112,SS3|
|Subscriptions|||15,041|15p041|26,950|
|Training|||3,952|3,952|6,886|
|Electricity|||147,972|147,972|155,607|
|Entertaining|||1,558|1,558|1,243|
|I-lealth and safety|||18,141|18,141|11,129|
|Motor and travel expenses|||23,150|23,150|6,291|
|Recruitment|||1,420|1,420||
|Events costs|||652,711|652,711|51,625|
|Heritage
and|learning||49,126|49,126|30,222|
|Sub-contractor||costs|171,903|171,903|16,798|
|Purchases|||523,016|523,016|128,510|
|Governance|costs||121,446|121,446|68,551|
||||4,752,215|4,752,215|2,817,666|
|Total 2021|||2,817,666|2,B17,666||
##
##
||||||Group|Group|Charity|Chority|
|---|---|---|---|---|---|---|---|---|
||||||2022
E|2021f|2022
E|2021f|
|Wages and|salaries|||1,733,976||1,425,365|948,877|879,186|
|Social security costs|||||126,429|101,898|80,286|61,490|
|Contribution|to defined contribution||pension||||||
|schemes|||||45,863|40,522|30,603|27,500|
||||||1,906,268|1,567,785|1,059,766|968,176|
|The average|number|of persons employed||by the Charity|during the|year was as follows:|||
||||||Group|Group|Charity|Charity|
||||||2022|2021|2022|2021|
||||||No.|No.|No.|No.|
|Chief Executive|||||||||
|Senior Management||Team|||5|5|||
|Other Staff|||||58|62|35|37|
||||||64|68|41||
|eeded f60,|000was:|
|---|---|
|Group|Group|
|2022|2021|
|No.|Na.|
##
##
##
##
||Plant and|Fixtures and|Office|Computer||
|---|---|---|---|---|---|
||machinery
f|fittings
f|equipmentf|equipmentf|Total
f|
|Cost or voluotion||||||
|At 1April 2021|47,009|1,308,097|2,254|264,872|1,622,232|
|Additions|129,799|36,182|1,123|17,681|184,785|
|At 31March 2022|176,808|1,344,279|3,377|282,553|1,807,017|
|Depreciation||||||
|At 1April 2021|32,773|452,814|2,253|157,670|645,510|
|Charge for the year|20,306|135,294|187|27,800|183,587|
|At 31March 2022|53,079|588,108|2,440|185,470|829,097|
|Net book value||||||
|At 31March 2022|123,729|756,171|937|97,083|977,920|
|At31March 2021|14,236|855,283|1|107,202|976,722|
##
##
##
##
##
||Plant and|Fixtures and|Office|Computer||
|---|---|---|---|---|---|
||machinery
f|fittingsf|equipment
f.|equipmentf|Totalf|
|Costor valuation||||||
|At 1April 2021|24,663|1,308,097|2,254|264,872|1,599,886|
|Additions|9,996|36,182|1I123|17,681|64,982|
|At 31March 2022|34,659|1,344,279|3,377|282,553|1,664,868|
|Depreciation||||||
|At 1April 2021|22,291|452,814|2,253|157,670|635,028|
|Charge for the year|807|135,294|187|27,800|164,088|
|At 31March 2022|23,098|588,108|2,440|185,470|799,116|
|Net book value||||||
|At 31March 2022|11,561|756p171|937|97,083|865,752|
|At31March 2021|2,372|855,283|1|107,202|964,858|
##
##
##
||Investments|in|
|---|---|---|
||subsidiary||
|Charity|companies
f||
|Costor valuation|||
|At 1April 2021|||
|At 31March 2022|||
|Net book voiue|||
|At 31March 2022|||
|At31March 2021|||
##
||The following|was a su|bsidiary
undert|aking
ofthe Charity:||||
|---|---|---|---|---|---|---|---|
||Name||||Company|Class of|Holding|
||||||number|shares||
||Piece Hall Enterprises||Limited||09761837|Ordinary|1009o|
||The financial|results ofthe subsidiary||for the year were:||||
||Name|||Income
f|Expenditure
f|Profit/(Loss)
for the year
f|Net assets /
(liabilities)
f|
||Piece Hall Enterprises||Limited|1,638,954|1,562,093|76,861|(184,722)|
|12.|Stocks|||||||
|||||||Group|Group|
|||||||2022|2021|
|||||||f||
||Finished goods and goods for resale|||||48,545|21,943|
##
##
##
||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|
||||||2022
8|2021f|2022
6|2021f|
|Due within one|year||||||||
|Trade debtors|||||12,250|135,157|12,061|135,157|
|Amounts
owed|by group undertakings||||||364p448|310,804|
|Other debtors|||||18,483|4,568|11,885|591|
|Prepayments
and accrued income|||||347,510|279,409|280,925|245,411|
||||||378,243|419,134|669,319|691,963|
|Creditors: Amounts||falling due within one year|||||||
||||||Group|Group|Charity|Charity|
||||||2022
6|2021f|2022|2021f|
|Trade creditors|||||290,682|221,285|274,050|215,953|
|Other taxation|and social security||||66,876|24,407|32,077|18,658|
|Obligations
under finance lease and hire purchase
contracts|||||2,261|12,792|2,261|12,792|
|Other creditors|||||63,841|65,54B|38,596|35,224|
|Accruals and deferred|||income||615,322|70B,109|523,537|688 849|
||||||1,038,982|1,032,141|870,521|971,476|
||||||Group|Group|Charity|Charity|
||||||2022
f|2021f|2022
E|2021f|
|Deferred income at||1|April 2021||610,179|112,500|610,179|112,500|
|Resources deferred||during the year||||515,679||515,679|
|Amounts
released from previous||||periods||(18,000)||(1B,DDDj|
||||||610,179|610,179|610,179|610,179|
##
##
##
|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2022
f|2021.|2022
f|2021f|
|Otherloans||||2,920,000|2,920,000|2,920,000|2,920,000|
|Net obligations
under
purchase contracts||finance lease|and hire|4,909||4,909||
|||||2,924,909|2,920,000|2,924,909|2,920,000|
|The aggregate|amount|of liabilities|payable or repayable|wholly or in part more than||five years after|the reporting|
|date is:||||||||
|||||Group|Group|Charity|Charity|
|||||2022
f|2021|2022
E|2021f|
|Payable or repayable||by instalments||2,920,000|2,920,000|2,920,000|2,920,000|
|||||2,920,000|2,920,000|2,920p000|2,920,000|
##
##
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2022
f|2021|2022
f|2021f|
|Financial|assets||||||
|Financial|assets measured|at fair value through|||||
|income|and expenditure||448,438|512,093|331,672|471,325|
##
##
|Statement offunds - curre|nt|year||||||
|---|---|---|---|---|---|---|---|
|||||Balance at 1|||Balance at31|
|||||April 2021|Income|Expenditure|March 2022|
|||||6|E|6|6|
|Unrestricted funds||||||||
|General
Funds||||(2064705)|2440457|(2512289)|(2 136 537)|
|Reserves||||(257,069)|1,638,954|(1,562,093)|(180,208)|
|||||(2,321,774)|4,079,411|(4,074,382)|(2p316,745)|
|Restricted funds||||||||
|Garfield Weston Foundation||||150,000||(25,000)|125,000|
|Leeds City Region Enterprise||Partnership|Grant|94,500|38,500|(52,000)|81,000|
|CMBC Cultural
Destination||||25,055||(25,055)||
|DCMS Culture
Recovery Fund|||||575,976|(575,976)||
|National
Lottery Heritage|Fund|||29,970||(29,970)||
|Coronavirus
lob Retention|Scheme||||16,008|(16,008)||
|||||299,525|630,484|(724,009)|206,000|
|Totaloffunds||||(2,022,249)|4,709,895|(4,798,391)|(2,110,745)|
##
##
|Statement offunds - prio|r|ye|ar|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||||Balance at|
|||||||Balance at|||31March|
|||||||1April 2020
E|Incomef|Expenditure|2021|
|Unrestricted funds||||||||||
|General
Funds - all funds||||||(1,884,125)|611,819|(792,399)|(2,064,705)|
|Reserves||||||(270,779)|831,068|(817358)|(257,069)|
|||||||(2,154,904)|1,442,887|(1,609757)|(2,321,774)|
|Restricted funds||||||||||
|Garfield Weston Foundation||||||175,000||(25,000)|150000|
|Lloyds Bank Foundation||||||3,632||(3,632)||
|National
Lottery Community|||Fund|||10,000||(10,000)||
|Coronavirus
lob Retention||Scheme|||||632,958|(632,958)||
|Leeds City Region Enterprise|||Partnership|Grant||112,500||(18,000)|94,500|
|CMBC Cultural
Destination|||||||41,542|(16,487)|25,055|
|DCMS Culture Recovery|Fund||||||104,882|(104,882)||
|Foyle Foundation|||||||40,000|(40,000)||
|Garfield Weston - Emergency|||Funding||||50,000|(50,000)||
|Historic England|||||||6,950|(6,950)||
|National
Lottery Heritage||Fund|||||29,970||29,970|
|National
Lottery Heritage||Fund Development|||Year|||||
|Funding|||||||50,000|(50,000)||
|National
Lottery Heritage||Fund Covid-19||||||||
|Emergency
Fund|||||||250,000|(250,000)||
|||||||301,132|1,206,302|(1,207,909)|299,525|
|Total offunds||||||(1,853,772)|2,649,189|(2,817,666)|(2,022,249)|
##
##
##
##
|Summary offunds - current year|||||
|---|---|---|---|---|
||Balance at1|||Balance at31|
||Aprg 2021|Income|Expenditure|March 2022|
||6|6|6|6|
|General funds|(2,321,774)|4,079,411|(4,074,382)|(2,316,745)|
|Restricted funds|299,525|630,484|(724,009)|206,000|
||(2,022,249)|4,709,895|(4,798,391)|(2,110,745)|
##
##
##
|Summary offunds - prior year||||||
|---|---|---|---|---|---|
||||||Balance at|
|||Balance at|||31March|
|||1April 2020f|Income
E|Expenditure|2021f|
|General funds||(2,154,904)|1,442,887|(I,609,757)|(2,321,774)|
|Restricted funds||301,132|1,206,302|(1,207,909)|299,525|
|||(1,853,772)|2,649,189|(2,817,666)|(2,022,249)|
|Analysis ofnet assets between|funds|||||
|Analysis ofnet assets between|funds - current year|||||
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2022|2022|2022|
||||6|6|6|
|Tangible fixed assets|||977,920||977,920|
|Current assets|||669,226|206,000|875,226|
|Creditors due within one year|||(1,038,982)||(1,038,982)|
|Creditors due in more than one|year||(2,924,909)||(2,924p909)|
|Totol|||(2,316,745)|206,000|(2,110,745)|
|Analysis ofnet assets between|funds -prior year|||||
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2021|2021|2021|
|||||E||
|Tangible fixed assets|||976,722||976,722|
|Current assets|||653,645|299,525|953,170|
|Creditors due within one year|||(1,032,141)||(1,032,141)|
|Creditors due in more than one|year||(2,920,000)||(2,920,000)|
||||(2,321,774)|299,525|(2,022,249)|
##
##
##
##
||Group|Group|Charity|Charity|
|---|---|---|---|---|
||2022|2021|2022|2021|
||E||6|E|
|Not later than 1year|9,996|11.,414|9,996|11,414|
|Later than 1year and not later than 5 years|15,845|25,841|15,845|25,841|
||25,841|37,255|25,841|37,255|
##
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##