Registered Number: 03623974 Registered Charity Number: 1188725
HEADS TOGETHER PRODUCTIONS LIMITED A company limited by guarantee
DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
Heads Together Productions Limited
Directors' Report and Unaudited Financial Statements For the Year Ended 31 March 2022
Contents
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Trustees | 2 - 6 |
| Independent Examiners Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10-15 |
Heads Together Productions Limited Company Information For the Year Ended 31 March 2022
| Directors and Trustees | Mr G Pope |
|---|---|
| Mr S Cameron | |
| Ms E Cameron | |
| Ms K Dye | |
| Ms F Evans | |
| Mr L Judd | |
| Ms N Kweyama | |
| Mr B Williams | |
| Ms L Sage | |
| Mr J Toolan | |
| Secretary | Mr A Sinclair |
| Company Number | 03623974 |
| Registered Charity Number | 1188725 |
| Registered Office | Chapel FM Arts Centre Old Seacroft Chapel |
| 1081 York Road | |
| Leeds | |
| West Yorkshire | |
| LS14 6JB | |
| Independent Examiner | Burrow & Crowe Accountants & Business Advisers Ltd |
| Top Floor West, Wharfebank House, Wharfebank Mills | |
| Ilkley Road | |
| Otley | |
| West Yorkshire | |
| LS21 3JP |
Page 1
Heads Together Productions Limited Report of the Board of Trustees For the Year Ended 31 March 2022
The Trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity.
Trustees of the Charity
The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end are as detailed on page 1 of the accounts.
Objectives and Activities
The Objects of the Charity are stated in full in its Articles of Association from 28th August 1998 and last amended by special resolution on 16th March 2020. The four key Objects can be summarised as follows:
-
For the public benefit advancing the education in the arts
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The promotion of social inclusion through the arts
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To help young people to develop their capabilities
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Providing or assisting in the provision of facilities for the benefit of the inhabitants of East Leeds
An annual business plan identifies the work that the Charity will undertake. Progress is monitored and reported to trustee meetings throughout the year. During the year 2021/22 there were two main areas of activity for the Charity: Chapel FM Arts Centre in East Leeds; and UNION: The Northern School of Creativity and Activism. The Company was also able to welcome local people back to Chapel FM Arts Centre following the second phase of capital development.
Public Benefit Statement
The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. The Trustees consider that all the activities of Heads Together Productions Limited are carried out for the public benefit.
Strategic Report
Achievements and performance (including principal risks and uncertainties, development and performance and key performance indicators)
Chapel FM Arts Centre
Heads Together Productions Limited were able to revise and expand the community arts offer in East Leeds following the £634,000 renovation and expansion of the venue, and the emergence from pandemic in-person activity restrictions.
During this period, our community arts centre venue had 16,400 in-person visitors and 204,800 digital engagements for our numerous radio broadcasts, podcasts, streamed performances and community events. This marked a near-return to pre-covid levels.
Among activities Chapel FM conducted were:
- 639 formal and informal arts training sessions using radio, music, writing, theatre, citizen journalism and other arts, engaging 8,620 participants;
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• 51 live arts events and 18 days of special community arts festivals such as our annual Writing on Air Festival of Yorkshire writing on the radio, our 24-hour Musicathon featuring 200+ musicians from across the city and a 3-week Chapel FM Good to Go festival celebrating the re-opening of our venue.
• 857 unique radio and podcast broadcasts through our radio station East Leeds FM , produced by members of the community on a wide variety of topics related to community issues, the arts, youth experiences.
• 371 residencies by other arts and third sector organisations who used our venue for a multitude of community offers ranging from forums on the Climate Emergency to dementia-friendly singing groups to regularly hosting groups of refugees and asylum seekers housed in a local hotel. Several other highlights during this period included:
• Taking a group of 12 youth radio participants from our economically deprived community to the COP26 Climate Summit in Glasgow where they recorded stories, created audio documentaries and shared information with the wider community through live events.
• Developing a new network of 12 third-sector organisations in our community, now named We Are Seacroft , which now works together strategically to share resources and create large-scale community festivals and social change projects.
• Reimagining the role and schedule of East Leeds FM radio, developing a new thematic schedule and adding new regular programmes around youth disability experiences, older peoples’ experiences, local responses to the climate emergency, social activism and the arts, and, sports as a catalyst for community connections.
• Delivering a month-long summer youth broadcasting and arts project, Sound it Out , that included audio gathering expeditions to Yorkshire Sculpture Park, River-Aire Canal boat and local history walking expeditions along the Wyke Beck in East Leeds.
• Adding several new permanent staff including a new Community Broadcasting Arts Worker and Community Music Worker who bring a combined 35 years of community arts experience to our already seasoned staff and freelance network and formalising our new Board of Trustees subgroup structure, enabling Board Members to have greater impact on how we shape and evaluate goals and work.
• Establishing a new long-term programme delivery plan around a core community arts projects that will incorporate local oral history gathering and resharing to complement our already existing activities and resources to enable us to better deliver our Theory of Change for Seacroft and wider East Leeds.
UNION: The Northern School for Creativity and Activism
UNION was set up by Heads Together Productions in 2019 with support from the Paul Hamlyn Foundation and Arts Council of England. The aim was to improve the support provided for people wanting to develop careers in participatory arts and activism, particularly people from disadvantaged backgrounds.
In 2021/22, UNION continued to support the original 2019 cohort of artists and activists as they continued to feel the effects of the pandemic on their work. With continuing Paul Hamlyn Foundation support, UNION 19 Fellows were offered paid collaborative commissions, individual coaching and a chance to re-connect and develop new learning at a summer residential in the Yorkshire Dales.
Funding from the Esmée Fairbairn Foundation allowed us to take on a new cohort of 29 participants in a city-based programme in Leeds which started in October 2021. This in-person programme was one of the first full-group activities that many of the participants had been able to take part in since the pandemic began and the programme continues into 2022.
Page 3
Despite the pandemic and Brexit, our European work continued to develop under the banner of the Fellowship of Questions. The UNION project worked alongside organisations in Romania, Serbia, Portugal, and Germany, delivering a range of local and transnational projects (online and offline) based on the idea of asking questions across borders. With funding from the European Cultural Foundation in the Netherlands and the Allianz Kulturstiftung in Germany, the Fellowship launched the first phase of a brand new online platform to assist the work and to invite other organisations and individuals to participate in the initiative. And at the end of the year, funding from i-Portunus allowed for two young artists from Romania and Portugal to take up a “Residency with No Answers” at Chapel FM Arts Centre, whilst two UNION Fellows undertook similar residencies in Almada and Bucharest.
Chapel FM Arts Centre—Phase 2 development
The second phase of development of Chapel FM achieved practical completion in December 2020 extending the size of the Arts Centre and giving us a large workshop and performance space, a dedicated kitchen and cafe area, more storage, an external seating area, more bike parking, and improved toilets.
In January 2021 we worked through the 12-months Defects period and achieved final completion, on schedule and on budget.
This work would not be possible without the support of the following funders: The Tudor Trust, Leeds City Council, Arts Council England, Power to Change, Veolia Trust, The Clothworkers' Foundation, Biffa Award together with pro-bono support from Mills and Reeve Solicitors.
Both phases of the development were designed by Matt Strong Architect and built by contractors, Roebuck & Holmes.
Financial Review
Total income in 2021/22 was £264,047, representing a small decrease of just over £2,000 from the previous financial year. Expenditure remained stable with some changes due to staffing fluctuations and changes in contracted service provision. At the end of the financial year there was a small increase in unrestricted reserves to £125,144, in the middle of the optimum range identified by the Board.
Reserves Policy
The Board has agreed to maintain reserve funds at sufficient levels in order to allow the smooth continuation of all activities and mitigate risk. Its policy is to hold free reserves (ie unrestricted funds not committed or invested in tangible fixed assets) of between 6 and 9 months of core running costs (which equates to £100,000 to £150,000).
The Trustees are committed to maintaining a broad range of sources of income for the Charity from both restricted and unrestricted sources and that contributes to the stability of the organisation going forward. Full details of income are stated in Notes 2 and 3 of the accounts.
During the year, the Charity completed a second phase of capital development on Chapel FM Arts Centre with Final Completion being agreed just before the end of the financial year on 24th March 2022. The full cost of the development is over £634,185. The cost is covered by grant income: Note 11 details the capital grants received and Note 6 the capitalisation of the expenditure.
Effects of Covid 19
Page 4
There was no significant financial impact of COVID-19 on the charity in the second year of the pandemic. The main impact was on the delivery of the work with a range of participation activities continuing online and then a series of hybrid activities. By the end of the year, lockdown restrictions had been removed and most work was back to working in-person.
We believe that the power of local, community-based creativity has been shown to be even more important as a result of the pandemic and it is important that we continue to develop and expand our services in East Leeds as well as training across the north of England and beyond to promote social inclusion.
Structure, governance and management
Heads Together Productions was incorporated as a Company Limited by Guarantee on the 28th August 1988. The Company was entered onto the Register of Charities on 24th March 2020.
The trustees of the charity also act as directors for the purposes of company law. There are currently 10 trustees who meet 4 times a year as a full group and to hear reports from their constituted subgroups which look at specific issues such as finance and funding; participation activities; venue and communications; and staffing.
On a day-to-day basis, management of the organisation is delegated to the two co-directors, Tony Macaluso who takes the lead on operational activities at Chapel FM Arts Centre, and Adrian Sinclair who is responsible for Business Management of the company, and the UNION training programme. There is a staff team of seven.
Trustees are appointed on a rolling basis and the Charity performs a skills audit to identify need. The posts are advertised, and applicants asked to submit a cv and letter of interest outlining their skills and reasons for wanting to join the Board. They are then interviewed and subsequently invited to attend an initial session as an observer. If approved by a quorate majority, they are invited to join the Board and undergo a Trustee induction process.
Risk Management
The trustees identify and assess the key risks facing the charity and maintain a risk register. The register is reviewed regularly (at least on an annual basis) and the systems, policies and procedures are put in place in order to manage the identified risks.
Trustees' responsibilities
The trustees (who are also directors of the company for the purposes of company law) are responsible for preparing the Trustees’ Annual Report (including the Strategic Report) and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements 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 that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP 2015 (FRS 102);
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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;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
Page 5
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to Independent Examiners
In so far as the trustees are aware:
- there is no relevant information (as defined by Section 418 of the Companies Act 2006) of which the Independent Examiner is unaware; and
• the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the company's Independent Examiner is aware of that information.
On behalf of the board
~~……………………………….~~ Katie Dye (Nov 23, 2022, 12:00pm) Ms K Dye Director
23 Nov 2022 Date……………………….
Page 6
Heads Together Productions Limited Independent Examiners Report For the Year Ended 31 March 2022
I report to the charity trustees on my examination of the accounts of the 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 trustees of the 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 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 company’s accounts as carried out under section 145 of the Charities Act 2011 (‘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 confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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 (FRS102).
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.
…………………………….. David Pollitt (Nov 24, 2022, 10:44am)
David Pollitt FCCA Burrow & Crowe Accountants & Business Advisers Ltd
Top Floor West, Wharfebank House, Wharfebank Mills Ilkley Road Otley West Yorkshire LS21 3JP
24 Nov 2022
Date………………………
Page 7
Heads Together Productions Limited Statement of Financial Activities (including Income & Expenditure Account) For the Year Ended 31 March 2022
| Notes Incoming Resources from Charitable Activities Grant income 2 Earned income 3 Donations Investment Income Interest income TOTAL INCOMING RESOURCES Resources Expended Charitable expenditure: Projects & allocated support services 4 Governance costs 5 Phase 2 Consultancy fees TOTAL RESOURCES EXPENDED NET INCOMING/(OUTGOING) RESOURCES BEFORE OTHER RECOGNISED GAINS/(LOSSES) OTHER RECOGNISED GAINS/(LOSSES) Capital grants released 9 NET INCOMING/(OUTGOING) RESOURCES BEFORE TRANSFERS Transfers between funds Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2022 2022 2022 2021 £ £ £ £ 65,838 174,699 240,537 253,381 23,061 - 23,061 11,918 436 - 436 1,471 13 - 13 109 |
|---|---|
| 89,348 174,699 264,047 266,879 |
|
| 106,698 191,225 297,923 243,675 3,890 - 3,890 5,012 - 1,458 1,458 14,130 |
|
| 110,588 192,683 303,271 262,817 |
|
| (21,240) (17,984) (39,224) 4,062 |
|
| 31,377 - 31,377 32,045 |
|
| 10,137 (17,984) (7,847) 36,107 |
|
| (8,917) 8,917 - - 123,924 22,740 146,664 110,557 |
|
| 125,144 13,673 138,817 146,664 |
Page 8
Heads Together Productions Limited Balance Sheet As at 31 March 2022
| Notes FIXED ASSETS Tangible Assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand Creditors: Amounts due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES Creditors: Amounts due after one year 9 NET ASSETS FUNDS Unrestricted funds Restricted funds 10 TOTAL FUNDS |
£ £ £ £ 1,000,745 1,006,089 20,115 9,374 125,891 132,470 146,006 141,844 (4,800) (7,003) 141,206 134,841 1,141,951 1,140,930 (1,003,134) (994,266) 138,817 146,664 125,144 123,924 13,673 22,740 138,817 146,664 2022 2021 |
£ £ £ £ 1,000,745 1,006,089 20,115 9,374 125,891 132,470 146,006 141,844 (4,800) (7,003) 141,206 134,841 1,141,951 1,140,930 (1,003,134) (994,266) 138,817 146,664 125,144 123,924 13,673 22,740 138,817 146,664 2022 2021 |
|---|---|---|
| 1,140,930 | ||
| (994,266) | ||
| 146,664 | ||
| 123,924 22,740 |
||
| 146,664 |
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies
Directors' (Trustees) responsibilities:
i) The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
ii) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
iii) These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
……………………………. N Kweyama Ms N Kweyama Nobuhle Kweyama (Nov 24, 2022, 10:39am) Director
24 Nov 2022 Date…………………………
Registered Company Number: 03623974
Page 9
Heads Together Productions Limited Notes to the Financial Statements
For the Year Ended 31 March 2022
1. Accounting Polices
Basis of accounting
The principal accounting policies which are adopted consistently in the preparation of the financial statements are set out below.
a) Accounting convention and charitable status
The accounts have been prepared under the historical cost convention and are in accordance with SORP FRS102 and applicable Accounting Standards and include the results of the company's operations described in the report of the board of management and all of which are continuing. The Company is a Registered Charity, No. 1188725. Exemption has been taken from preparing a cash flow statement as the company qualifies as a small company.
b) Incoming resources: Revenue grants
Grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
C) Unrestricted funds and Support costs
Unrestricted funds are grants, donations, and other income received or generated for the charity's main activities. Unrestricted funds are designated at the discretion of the board of management. Support costs relating to the administration of the charity have been allocated to unrestricted funds. Those relating to artistic project delivery have been allocated to restricted funds.
D) Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write-off each asset over its estimated useful life:
Freehold 5% Straight line Fixture & Fittings 20% and 25% Straight line
Members
The company has no share capital and is limited by guarantee. In the event of the winding up of the company, the liability of the members is limited to a maximum of £1 each.
Trustees' Remuneration
The trustees neither received nor waived any remuneration during the year. The trustees did not have any expenses reimbursed during the year.
Page 10
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 7 (2021: 7)
Page 11
Heads Together Productions Limited Notes to the Financial Statements (continued)
For the Year Ended 31 March 2022
| 2. Grant income Arts Council of England – National Portfolio Organisation Leeds City Council – Arts@Leeds Leeds City Council – Housing Advisory Panel Leeds City Council – Leeds Inspired Leeds City Council – Small Business Support Grant Leeds City Council – Other Youth Music Paul Hamlyn Foundation IGEN Trust Leeds Community Foundation National Lottery Community Fund Esmee Fairbairn Foundation Utley Foundation Cambodian Living Arts I-Portunus Chapel Development Phase 2 grant released against revenue costs Total Grant income |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2022 2022 2022 2021 £ £ £ £ 47,463 - 47,463 47,463 10,500 - 10,500 10,500 - - - 4,153 - 11,288 11,288 6,840 7,875 - 7,875 10,000 - - - 1,000 - 9,618 9,618 28,853 - - - 18,600 - 11,900 11,900 23,800 - 11,550 11,550 6,500 - 86,973 86,973 81,348 - 30,000 30,000 - - 7,600 7,600 - - 372 372 - - 2,470 2,470 - |
|---|---|
| 65,838 171,771 237,609 239,057 - 2,928 2,928 14,324 |
|
| 65,838 174,699 240,537 253,381 |
From the residue balance of income provided for Phase 2 of the Chapel Development, £2,928 has been used this year against the revenue costs attributable to the Chapel Development, charged as expenses in the statement of financial activities.
| 3. Earned income Sales Fee income Dry hire and training Food sales Total Earned income |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2022 2022 2022 2021 £ £ £ £ 462 462 - 15,465 15,465 10,544 5,977 5,977 1,374 1,157 1,157 - |
|---|---|
| 23,061 - 23,061 11,918 |
Page 12
Heads Together Productions Limited Notes to the Financial Statements (continued)
For the Year Ended 31 March 2022
| 4. Charitable expenditure Projects: Staff wages & salaries (inc NI & pension costs) Artists fees Venue costs Allocated support services: Design materials Hire of plant & equipment Print & production Staff training Travel & subsistence expenses Use of home allowances Light & heat Water rates Cleaning Vehicle fuel costs Computer software, consumables & maintenance Repairs, renewals & maintenance Insurance Printing, postage & stationery Advertising & marketing costs Telecommunications & data costs Subscriptions Depreciation of fixtures & fittings Depreciation of freehold land & property Total Charitable expenditure 5. Governance costs Independent examiners fees Legal fees Bank charges & interest |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2022 2022 2022 2021 £ £ £ £ 23,817 130,685 154,502 142,644 3,310 42,564 45,874 31,567 4,590 5,682 10,272 772 96 484 580 33 50 50 81 8,567 3,270 11,837 11,767 2,429 1,417 3,846 535 1,213 1,766 2,979 213 156 156 1,950 6,930 6,930 2,431 416 416 504 4,080 280 4,360 783 159 132 291 30 5,868 164 6,032 5,614 2,398 790 3,188 899 6,819 6,819 5,724 585 65 650 23 1,188 3,675 4,863 2,803 1,840 191 2,031 2,337 244 60 304 354 566 566 1,234 31,377 - 31,377 31,377 |
|---|---|
| 106,698 191,225 297,923 243,675 |
|
| Unrestricted Restricted Total Total Funds Funds Funds Funds 2022 2022 2022 2021 £ £ £ £ 3,494 - 3,494 3,572 13 - 13 1,113 383 - 383 327 |
|
| 3,890 - 3,890 5,012 |
Page 13
Heads Together Productions Limited Notes to the Financial Statements (continued) For the Year Ended 31 March 2022
6. Tangible Assets
| Freehold Land & Property Fixtures, fittings & equipment Total £ £ £ Cost As at 1 April 2021 1,164,705 159,794 1,324,499 Additions 14,876 11,723 26,599 Disposals - As at 31 March 2022 1,179,581 171,517 1,351,098 Depreciation As at 1 April 2021 188,266 130,144 318,410 Charge for the year 31,377 566 31,943 On disposals - As at 31 March 2022 219,643 130,710 350,353 Net Book Value As at 31 March 2022 959,938 40,807 1,000,745 As at 31 March 2021 976,439 29,650 1,006,089 7. Debtors 2022 2021 £ £ Trade debtors 704 4,800 Other debtors 12,150 1,170 Other taxes and social security 3,562 462 VAT 3,699 2,942 20,115 9,374 8. Creditors: Amounts due within one year 2022 2021 £ £ Trade creditors 897 235 Other creditors 629 518 Accruals 3,274 2,250 Deferred income – Leeds Music Education Partnership - 4,000 4,800 7,003 9. Creditors: Amounts due after one year 2022 2021 £ £ Capital grants (See Note 11) 1,003,134 994,266 Balance Capital grants Capital grants Capital grants Balance B/fwd received expensed released C/fwd Summary of Capital grants 994,266 43,173 (2,928) (31,377) 1,003,134 |
Freehold Land & Property £ 1,164,705 14,876 |
Fixtures, fittings & equipment Total £ £ 159,794 1,324,499 11,723 26,599 - |
|---|---|---|
| 1,179,581 | 171,517 1,351,098 |
|
| 188,266 31,377 |
130,144 318,410 566 31,943 - |
|
| 219,643 | 130,710 350,353 |
|
| 959,938 | 40,807 1,000,745 |
|
| 976,439 | 29,650 1,006,089 |
|
| 2022 2021 £ £ 704 4,800 12,150 1,170 3,562 462 3,699 2,942 |
||
| 20,115 9,374 |
||
| 2022 2021 £ £ 897 235 629 518 3,274 2,250 - 4,000 |
||
| 4,800 7,003 |
||
| 2022 2021 £ £ 1,003,134 994,266 |
Page 14
Heads Together Productions Limited Notes to the Financial Statements (continued) For the Year Ended 31 March 2022
10. Movement on Restricted funds
| 10. Movement on Restricted funds | |||||
|---|---|---|---|---|---|
| Balance | Incoming | Outgoing | Balance | ||
| B/fwd | funds | funds | Transfers | C/fwd | |
| £ | £ | £ | £ | £ | |
| Youth Music | - | 9,618 | (9,737) | 119 | - |
| National Lottery Commnity Fund | - | 86,973 | (87,988) | 1,015 | - |
| Paul Hamlyn Foundation | 4,000 | - | (4,022) | 22 | - |
| IGEN Trust | 11,900 | 11,900 | (27,861) | 4,061 | - |
| Leeds City Council – On the road | 6,840 | 11,288 | (9,679) | 79 | 8,528 |
| Leeds Community Foundation | - | 11,550 | (7,686) | 136 | 4,000 |
| Esmee Fairbairn Foundation | - | 30,000 | (33,277) | 3,277 | - |
| Utley Foundation | - | 7,600 | (7,751) | 151 | - |
| I-Portunus | - | 2,470 | (1,325) | - | 1,145 |
| Cambodian Living Arts | - | 372 | (429) | 57 | - |
| Grant income released against revenue costs | - | 2,928 | (2,928) | - | - |
| Total Restricted funds | 22,740 | 174,699 | (192,683) | 8,917 | 13,673 |
| 11. Capital Grants | 2022 | 2021 | |||
| £ | £ | ||||
| Chapel Development Phase 1 | Arts Council of England | 183,620 | 197,695 | ||
| Chapel Development Phase 1 | Jimbo's Fund | 28,046 | 30,197 | ||
| Chapel Development Phase 1 | Leeds City Council | 19,633 | 21,138 | ||
| Chapel Development Phase 1 | The Tudor Trust | 42,068 | 45,293 | ||
| Chapel Development Phase 1 | Monument Trust | 56,092 | 60,392 | ||
| Chapel Development Phase 1 | Wren | 28,046 | 30,196 | ||
| Chapel Development Phase 1 | Caird Bardon | 47,307 | 50,934 | ||
| Chapel Development Phase 1 | Clothworkers | 4,488 | 4,832 | ||
| Sub-Total Chapel Development Phase | 1 | 409,300 | 440,677 | ||
| Chapel Development Phase 2 | Arts Council of England | 268,173 | 225,000 | ||
| Chapel Development Phase 2 | The Tudor Trust | 100,000 | 100,000 | ||
| Chapel Development Phase 2 | Power to Change | 98,578 | 101,506 | ||
| Chapel Development Phase 2 | Veolia Trust | 41,627 | 41,627 | ||
| Chapel Development Phase 2 | Leeds City Council | 43,695 | 43,695 | ||
| Chapel Development Phase 2 | Biffa Award | 30,923 | 30,923 | ||
| Chapel Development Phase 2 | Clothworkers | Foundation | 7,900 | 7,900 | |
| Chapel Development Phase 2 | WY Covid Recovery Fund | 2,938 | 2,938 | ||
| Sub-Total Chapel Development Phase | 2 | 593,834 | 553,589 | ||
| Total Capital Grants | 1,003,134 | 994,266 |
There are two phases of the Chapel Development. Phase 1 was completed in 2014 and Phase 2 was completed in 2021.
From the Chapel Development grants provided, part of these grants have been used to purchase chapel equipment and is being released to the income and expenditure account over the useful life of the assets. The expenditure on the building has been capitalised and shown in note 6 in the accounts. The income raised to fund these works has been matched against this and has been deferred (see above). The building costs are being depreciated over their useful life and this depreciation charge is being matched against a release of the deferred income to the income and expenditure account.
Page 15
Issuer
Burrow & Crowe Accountants & Business Advisers Ltd
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Party + Fingerprint
Wed, 23rd Nov 2022 12:00:03 UTC Thu, 24th Nov 2022 10:39:14 UTC Thu, 24th Nov 2022 10:44:42 UTC
Katie Dye - Signer (40075097fac212a663a5b6dd2909f695) Nobuhle Kweyama - Signer (331b4e2bc9badef58aab8f9a32f8be58) David Pollitt - Signer (670b5bb139b533e440af0953b60f4ad2)
Audit history log
Date
Action
Thu, 24th Nov 2022 10:44:46 UTC Thu, 24th Nov 2022 10:44:42 UTC Thu, 24th Nov 2022 10:44:42 UTC Thu, 24th Nov 2022 10:39:59 UTC Thu, 24th Nov 2022 10:39:16 UTC Thu, 24th Nov 2022 10:39:14 UTC Thu, 24th Nov 2022 10:39:14 UTC
Thu, 24th Nov 2022 10:39:14 UTC Thu, 24th Nov 2022 10:36:49 UTC Thu, 24th Nov 2022 10:36:45 UTC Wed, 23rd Nov 2022 20:31:28 UTC Wed, 23rd Nov 2022 14:18:01 UTC Wed, 23rd Nov 2022 14:17:57 UTC Wed, 23rd Nov 2022 13:31:51 UTC Wed, 23rd Nov 2022 13:31:29 UTC Wed, 23rd Nov 2022 12:00:05 UTC Wed, 23rd Nov 2022 12:00:04 UTC Wed, 23rd Nov 2022 12:00:03 UTC
David Pollitt viewed the envelope. (109.73.121.1) The envelope has been signed by all parties. (109.73.121.1) David Pollitt signed the envelope. (109.73.121.1) David Pollitt viewed the envelope. (109.73.121.1) Nobuhle Kweyama viewed the envelope. (85.115.52.202) Document emailed to david.pollitt@burrow-crowe.co.uk (35.179.76.15) Sent the envelope to David Pollitt (david.pollitt@burrow-crowe.co.uk) for signing. (85.115.52.202)
Nobuhle Kweyama signed the envelope. (85.115.52.202) Nobuhle Kweyama viewed the envelope. (85.115.52.202) Nobuhle Kweyama opened the document email. (66.249.93.206) Nobuhle Kweyama opened the document email. (172.225.176.227) Nobuhle Kweyama viewed the envelope. (85.115.52.202) Nobuhle Kweyama opened the document email. (66.249.93.207) Nobuhle Kweyama viewed the envelope. (85.115.52.202) Nobuhle Kweyama opened the document email. (66.249.93.205) Katie Dye viewed the envelope. (217.45.75.191) Document emailed to buhlek12@gmail.com (13.40.49.190) Sent the envelope to Nobuhle Kweyama (buhlek12@gmail.com) for signing. (217.45.75.191)
Wed, 23rd Nov 2022 12:00:03 UTC Wed, 23rd Nov 2022 11:56:40 UTC Wed, 23rd Nov 2022 11:10:33 UTC Tue, 22nd Nov 2022 20:50:35 UTC Tue, 22nd Nov 2022 17:00:27 UTC Tue, 22nd Nov 2022 17:00:27 UTC
Tue, 22nd Nov 2022 16:57:54 UTC Tue, 22nd Nov 2022 16:57:54 UTC Tue, 22nd Nov 2022 16:57:54 UTC Tue, 22nd Nov 2022 16:54:39 UTC
Tue, 22nd Nov 2022 16:54:29 UTC
Katie Dye signed the envelope. (217.45.75.191) Katie Dye viewed the envelope. (217.45.75.191) Katie Dye opened the document email. (104.28.89.77) Katie Dye opened the document email. (172.225.176.235) Document emailed to katiejdye@me.com (18.133.141.43) Sent the envelope to Katie Dye (katiejdye@me.com) for signing. (109.73.121.1) David Pollitt has been assigned to this envelope (109.73.121.1) Nobuhle Kweyama has been assigned to this envelope (109.73.121.1) Katie Dye has been assigned to this envelope (109.73.121.1) Document generated with fingerprint fab60e31cc93561b7cee55c7d11ac99c (109.73.121.1) Envelope generated by Colin Parker (109.73.121.1)