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 2023
Heads Together Productions Limited
Directors' Report and Unaudited Financial Statements For the Year Ended 31 March 2023
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 2023
| Directors and Trustees | Mr G Pope |
|---|---|
| Mr S Cameron (resigned 9 January 2023) | |
| Ms E Cameron (resigned 9 January 2023) | |
| Ms K Dye | |
| Ms F Evans (resigned 25 October 2023) | |
| Mr L Judd | |
| Ms N Kweyama | |
| Mr B Williams | |
| Ms L Sage (resigned 9 January 2023) | |
| Mr J Toolan | |
| Ms I Walker (appointed 19 April 2023) | |
| Mr J Dixon (appointed 9 October 2023) | |
| 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 2023
The Trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2023. 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:
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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 2022/23 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. UNION has now provided extended professional development programmes to over 100 artist ajnd activists and there was a big increase in use of Chapel FM as the effects of the Covid pandemic receded and the Company could develop the full potential of the extended and improved premises 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’s largest long-term project, the operating of the Chapel FM Arts Centre in Seacroft, East Leeds, continued to flourish in accordance with its mission of providing skills and cultural resources for local residence and the wider region through four key areas of activity:
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Training programmes in radio and other arts;
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A community radio station, East Leeds Community Radio;
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Live arts events and projects;
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A community arts centre that brings together a wide variety of people and activities.
Page 2
During the period covered by this report Chapel FM Arts Centre progressed in significant ways, most notably through securing a number of vital multi-year grants from key funders (The National Lottery, Arts Council England, Leeds City Council, Leeds Community Foundation) which provide essential operating support through to fiscal year 2025-2026.
In addition, Chapel FM evolved a number core, long-term projects and partnerships, filled several essential staff positions, expanded the role of the board of trustees, most notably through the roles of Subgroups, and increased participation and audience numbers.
During this period, Chapel FM Arts Centre venue had 21,300 in-person visitors and 215,000 digital engagements for our numerous radio broadcasts, podcasts, streamed performances and community events.
Significant activities Chapel FM conducted during the fiscal year 2022-2023 included:
Training Programmes
652 formal and informal arts training sessions using radio, music, writing, theatre, citizen journalism and other arts, engaging 9,450 participants with a strong focus on local youth. In addition, Chapel FM staff developed a number of new and expanded output projects to showcase the results of training ranging from music ensembles such as Grey Ravens and Through Our Eyes to radio shows such as Red Kite and events such as the Blue Owl Performance Loft .
Core Community Arts Project
The inauguration of our 3-year Home From Home , which expanded our use of radio as a local oral history gathering tool to collect stories about socially significant shared spaces and the creative re-use of these stories for a number of community arts projects, most notably the theatre production Save Our Stories .
Artistic Programming
54 live arts events and 22 days of special community arts festivals such as our annual Writing on Air Festival of Yorkshire writing on the radio, our 24-hour Musicathon which was part of Leeds 2023 city of culture and expanded outside to the Seacroft Village Green, 5-weeks of youth radio and arts camps: the Sound it Out Healthy Holidays programme.
Radio and Podcast Production
842 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 and preparations to re-brand the radio station under the new name East Leeds Community Radio along with the formulation of a series of new flagship community radio shows and podcasts to begin debuting in the winter of 2023.
Residencies and Collaborations
350+ residency events 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.
We Are Seacroft Network of Third Sector Organisations
Chapel FM continued to serve as a lead member of this innovative collaboration between nine other organisations in our community of Seacroft which grew out of work that began during the Covid pandemic. We Are Seacroft implements joint training for staff and participants, long-term strategic community planning, advocacy for social change, joint funding, and many other forms of sharing resources.
Page 3
International Connections
It is a core tenant of Chapel FM’s work that being deeply grounded in local community is strengthened by also creating strategic international links, providing residents with opportunities to connect with the wider world through engagement at Chapel FM. During this period, Chapel FM established a new “sister radio station” partnership with Radio Moulins in Lille, France, working on several joint projects. Chapel FM staff also worked closely with Leeds Council’s Department of International Relations to establish ties with artists in cities such as Brno, Czech Republic and Kharkiv, Ukraine.
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.
The original 2019 cohort continued to be involved in various ways throughout 2022/23, attending alumni events, working on collaborative projects, supporting and helping to facilitate sessions with current UNION participants and accessing mentoring and coaching support from the core team.
During the year we also worked with 3 other UNION cohorts:
• UNION Leeds 22: 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. The training programme continued til January 2022 and the cohort then took on the action research part of the programme with ongoing collaborative learning programmes.
• Leeds 2023 Neighbourhood Hosts: We worked with a second cohort of participants in partnership with the year-long Leeds 2023 festival. The Neighbourhood Hosts programme worked with 33 local activists across the city to put on community-based events in all the city wards in the summer of 2023. UNION provided group training and individual coaching for the Hosts and other artists involved with the My World, My City, My Neighbourhood programme.
• UNION 23: A new cohort of 24 participants were recruited from across the north of England, this time aimed at mid-career participants. They started with three weekend training sessions in Leeds, Hull and Tyne and Wear and the training programme will continue ‘til the end of the year.
With over 100 alumni from the various training programmes across the north of England, UNION starts to be a strong network of artists and activists and has an impact across the sector as well as for the individuals who have taken part in the training. UNION has been bringing organisations involved in training initiatives together to create a Community of Practice, again with an aim to strengthen the quality of the professional development across the sector and to ensure diversity in approach and in participants.
In 2022/23 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 second phase of an online platform to assist the work and to invite other organisations and individuals to participate in the initiative. And 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.
Page 4
Financial Review
Total income in 2022/23 was £347,487, representing a 31% increase on the previous year. Expenditure also increased, particularly with increased staffing, artist and venue costs because of the increase in activity from the previous year. At the end of the financial year there was a small decrease in unrestricted reserves to £116,855, within 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.
The Charity completed a second phase of capital development on Chapel FM Arts Centre with Final Completion being agreed just before the beginning 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.
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 8 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).
Page 5
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:
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select suitable accounting policies and then apply them consistently;
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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;
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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.
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:
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there is no relevant information (as defined by Section 418 of the Companies Act 2006) of which the Independent Examiner is unaware; and
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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 (Dec 7, 2023, 3:17pm) Ms K Dye Director
07 Dec 2023 Date……………………….
Page 6
Heads Together Productions Limited Independent Examiners Report For the Year Ended 31 March 2023
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023 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.
DF Pollitt
……………………………..
David Pollitt (Dec 12, 2023, 10:01am) David Pollitt FCCA
Burrow & Crowe Accountants & Business Advisers Ltd Top Floor West, Wharfebank House, Wharfebank Mills Ilkley Road Otley West Yorkshire LS21 3JP
12 Dec 2023
Date………………………
Page 7
Heads Together Productions Limited Statement of Financial Activities (including Income & Expenditure Account) For the Year Ended 31 March 2023
| 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 2023 2023 2023 2022 £ £ £ £ 57,963 259,581 317,544 240,537 29,022 - 29,022 23,061 293 - 293 436 628 - 628 13 |
|---|---|
| 87,906 259,581 347,487 264,047 |
|
| 159,974 224,159 384,133 297,923 4,059 39 4,098 3,890 - - - 1,458 |
|
| 164,033 224,198 388,231 303,271 |
|
| (76,127) 35,383 (40,744) (39,224) |
|
| 69,814 - 69,814 31,377 |
|
| (6,313) 35,383 29,070 (7,847) |
|
| (1,976) 1,976 - - 125,144 13,673 138,817 146,664 |
|
| 116,855 51,032 167,887 138,817 |
Page 8
Heads Together Productions Limited Balance Sheet
As at 31 March 2023
| 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 |
£ £ £ £ 933,463 1,000,745 15,702 20,115 161,085 125,891 176,787 146,006 (7,920) (4,800) 168,867 141,206 1,102,330 1,141,951 (934,443) (1,003,134) 167,887 138,817 116,855 125,144 51,032 13,673 167,887 138,817 2023 2022 |
£ £ £ £ 933,463 1,000,745 15,702 20,115 161,085 125,891 176,787 146,006 (7,920) (4,800) 168,867 141,206 1,102,330 1,141,951 (934,443) (1,003,134) 167,887 138,817 116,855 125,144 51,032 13,673 167,887 138,817 2023 2022 |
|---|---|---|
| 1,141,951 | ||
| (1,003,134) | ||
| 138,817 | ||
| 125,144 13,673 |
||
| 138,817 |
For the year ending 31 March 2023 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
……………………………. Nobuhle Kweyama (Dec 10, 2023, 11:16pm) Ms N Kweyama Director
10 Dec 2023 Date…………………………
Registered Company Number: 03623974
Page 9
Heads Together Productions Limited Notes to the Financial Statements
For the Year Ended 31 March 2023
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 (2022: 7)
Page 11
Heads Together Productions Limited Notes to the Financial Statements (continued)
For the Year Ended 31 March 2023
| 2. Grant income Arts Council of England – National Portfolio Organisation Cambodian Living Arts Esmee Fairbairn Foundation European Cultural Foundation I-Portunus IGEN Trust Leeds City Council – Arts@Leeds Leeds City Council – Housing Advisory Panel Leeds City Council – Leeds Inspired Leeds City Council – Small Business Support Grant Leeds Community Foundation LS14 Trust National Lottery Community Fund Paul Hamlyn Foundation Utley Foundation Youth Music Chapel Development Phase 2 grant released against revenue costs Total Grant income |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2023 2023 2023 2022 £ £ £ £ 47,463 - 47,463 47,463 - - - 372 - 33,000 33,000 30,000 - 5,876 5,876 - - 280 280 2,470 - 23,800 23,800 11,900 10,500 - 10,500 10,500 - 3,077 3,077 - - - - 11,288 - - - 7,875 - 34,670 34,670 11,550 - 4,500 4,500 - - 108,482 108,482 86,973 - 45,000 45,000 - - - - 7,600 - - - 9,618 |
|---|---|
| 57,963 258,685 316,648 237,609 - 896 896 2,928 |
|
| 57,963 259,581 317,544 240,537 |
From the residue balance of income provided for Phase 2 of the Chapel Development, £896 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 2023 2023 2023 2022 £ £ £ £ 1,869 1,869 462 11,190 11,190 15,465 15,329 15,329 5,977 634 634 1,157 |
|---|---|
| 29,022 - 29,022 23,061 |
Page 12
Heads Together Productions Limited Notes to the Financial Statements (continued)
For the Year Ended 31 March 2023
| 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 Sundry (inc donations) 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 2023 2023 2023 2022 £ £ £ £ 32,138 145,297 177,435 154,502 12,334 50,190 62,524 45,874 7,747 13,219 20,966 10,272 141 948 1,089 580 118 1,763 1,881 50 5,364 7,544 12,908 11,837 1,715 844 2,559 3,846 795 2,028 2,823 2,979 - - - 156 3,738 - 3,738 6,930 513 - 513 416 5,633 - 5,633 4,360 15 - 15 291 1,497 330 1,827 6,032 5,769 896 6,665 3,188 7,228 - 7,228 6,819 481 217 698 650 1,813 496 2,309 4,863 2,366 175 2,541 2,031 244 194 438 304 511 18 529 - 10,835 - 10,835 566 58,979 - 58,979 31,377 |
|---|---|
| 159,974 224,159 384,133 297,923 |
|
| Unrestricted Restricted Total Total Funds Funds Funds Funds 2023 2023 2023 2022 £ £ £ £ 3,568 - 3,568 3,494 13 - 13 13 478 39 517 383 |
|
| 4,059 39 4,098 3,890 |
Page 13
Heads Together Productions Limited Notes to the Financial Statements (continued) For the Year Ended 31 March 2023
6. Tangible Assets
| Freehold Land & Property Fixtures, fittings & equipment Total £ £ £ Cost As at 1 April 2022 1,179,581 171,517 1,351,098 Additions 2,532 2,532 Disposals - As at 31 March 2023 1,179,581 174,049 1,353,630 Depreciation As at 1 April 2022 219,643 130,710 350,353 Charge for the year 58,979 10,835 69,814 On disposals - As at 31 March 2023 278,622 141,545 420,167 Net Book Value As at 31 March 2023 900,959 32,504 933,463 As at 31 March 2022 959,938 40,807 1,000,745 7. Debtors 2023 2022 £ £ Trade debtors 3,000 704 Other debtors 12,116 12,150 Other taxes and social security 59 3,562 VAT 527 3,699 15,702 20,115 8. Creditors: Amounts due within one year 2023 2022 £ £ Trade creditors 3,784 897 Other creditors 671 629 Accruals 3,465 3,274 7,920 4,800 9. Creditors: Amounts due after one year 2023 2022 £ £ Capital grants (See Note 11) 934,443 1,003,134 Balance Capital grants Capital grants Capital grants Balance B/fwd received expensed released C/fwd Summary of Capital grants 1,003,134 2,019 (896) (69,814) 934,443 |
Freehold Land & Property £ 1,179,581 |
Fixtures, fittings & equipment Total £ £ 171,517 1,351,098 2,532 2,532 - |
|---|---|---|
| 1,179,581 | 174,049 1,353,630 |
|
| 219,643 58,979 |
130,710 350,353 10,835 69,814 - |
|
| 278,622 | 141,545 420,167 |
|
| 900,959 | 32,504 933,463 |
|
| 959,938 | 40,807 1,000,745 |
|
| 2023 2022 £ £ 3,000 704 12,116 12,150 59 3,562 527 3,699 |
||
| 15,702 20,115 |
||
| 2023 2022 £ £ 3,784 897 671 629 3,465 3,274 |
||
| 7,920 4,800 |
||
| 2023 2022 £ £ 934,443 1,003,134 |
Page 14
Heads Together Productions Limited Notes to the Financial Statements (continued) For the Year Ended 31 March 2023
10. Movement on Restricted funds
| 10. Movement on Restricted funds | |||||
|---|---|---|---|---|---|
| Balance | Incoming | Outgoing | Balance | ||
| B/fwd | funds | funds | Transfers | C/fwd | |
| £ | £ | £ | £ | £ | |
| Esmee Fairbairn Foundation | - | 33,000 | (21,154) | 154 | 12,000 |
| European Cultural Foundation | - | 5,876 | (5,934) | 58 | - |
| I-Portunus | 1,145 | 280 | (1,515) | 90 | - |
| IGEN Trust | - | 23,800 | (24,860) | 1,060 | - |
| Leeds City Council – On the road | 8,528 | - | (8,646) | 118 | - |
| Leeds City Council – Housing Advisory Panel | 3,077 | (3,878) | 801 | - | |
| Leeds Community Foundation | 4,000 | 34,670 | (20,528) | (110) | 18,032 |
| LS14 Trust | - | 4,500 | (4,536) | 36 | - |
| National Lottery Commnity Fund | - | 108,482 | (103,705) | (277) | 4,500 |
| Paul Hamlyn Foundation | - | 45,000 | (28,546) | 46 | 16,500 |
| Grant income released against revenue costs | - | 896 | (896) | - | - |
| Total Restricted funds | 13,673 | 259,581 | (224,198) | 1,976 | 51,032 |
| 11. Capital Grants | 2023 | 2022 | |||
| £ | £ | ||||
| Chapel Development Phase 1 | Arts Council of England | 169,543 | 183,620 | ||
| Chapel Development Phase 1 | Jimbo's Fund | 25,896 | 28,046 | ||
| Chapel Development Phase 1 | Leeds City Council | 18,128 | 19,633 | ||
| Chapel Development Phase 1 | The Tudor Trust | 38,843 | 42,068 | ||
| Chapel Development Phase 1 | Monument Trust | 51,792 | 56,092 | ||
| Chapel Development Phase 1 | Wren | 25,896 | 28,046 | ||
| Chapel Development Phase 1 | Caird Bardon | 43,680 | 47,307 | ||
| Chapel Development Phase 1 | Clothworkers | 4,144 | 4,488 | ||
| Sub-Total Chapel Development Phase | 1 | 377,922 | 409,300 | ||
| Chapel Development Phase 2 | Arts Council of England | 252,887 | 268,173 | ||
| Chapel Development Phase 2 | The Tudor Trust | 93,595 | 100,000 | ||
| Chapel Development Phase 2 | Power to Change | 91,094 | 98,578 | ||
| Chapel Development Phase 2 | Veolia Trust | 38,961 | 41,627 | ||
| Chapel Development Phase 2 | Leeds City Council | 40,897 | 43,695 | ||
| Chapel Development Phase 2 | Biffa Award | 28,943 | 30,923 | ||
| Chapel Development Phase 2 | Clothworkers | Foundation | 7,394 | 7,900 | |
| Chapel Development Phase 2 | WY Covid Recovery Fund | 2,750 | 2,938 | ||
| Sub-Total Chapel Development Phase | 2 | 556,521 | 593,834 | ||
| Total Capital Grants | 934,443 | 1,003,134 |
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
Document generated Thu, 7th Dec 2023 14:19:57 UTC
Document fingerprint 9533c996f059f9082e8d4c5ddfa84a4b
Parties involved with this document
Document processed
Party + Fingerprint
Thu, 7th Dec 2023 15:17:47 UTC Sun, 10th Dec 2023 23:16:28 UTC Tue, 12th Dec 2023 10:01:03 UTC
Katie Dye - Signer (7094f84e6afa5e06a9e2cb2564760ed3) Nobuhle Kweyama - Signer (6c0c7ee9d680ec1fe9cc6372a54a4752) David Pollitt - Signer (f0800e067f15d364951431be3f9c7425)
Audit history log
Date
Action
Tue, 12th Dec 2023 10:01:04 UTC Tue, 12th Dec 2023 10:01:03 UTC Tue, 12th Dec 2023 10:01:03 UTC Tue, 12th Dec 2023 10:00:23 UTC Mon, 11th Dec 2023 13:44:41 UTC Sun, 10th Dec 2023 23:17:47 UTC Sun, 10th Dec 2023 23:16:28 UTC Sun, 10th Dec 2023 23:16:28 UTC Sun, 10th Dec 2023 23:16:28 UTC
Sun, 10th Dec 2023 23:16:28 UTC Sun, 10th Dec 2023 23:15:12 UTC Sun, 10th Dec 2023 22:49:34 UTC Fri, 8th Dec 2023 7:20:16 UTC Thu, 7th Dec 2023 22:38:04 UTC Thu, 7th Dec 2023 15:19:45 UTC Thu, 7th Dec 2023 15:17:47 UTC Thu, 7th Dec 2023 15:17:47 UTC Thu, 7th Dec 2023 15:17:47 UTC
David Pollitt viewed the envelope (109.73.121.84) This envelope has been signed by all parties (109.73.121.84) David Pollitt signed the envelope (109.73.121.84) David Pollitt viewed the envelope (109.73.121.84) David Pollitt opened the document email. (104.28.40.147) Nobuhle Kweyama viewed the envelope (81.104.152.91) Nobuhle Kweyama viewed the envelope (81.104.152.91) Document emailed to david.pollitt@burrow-crowe.co.uk (18.133.77.204) Sent the envelope to David Pollitt (david.pollitt@burrow-crowe.co.uk) for signing (81.104.152.91) Nobuhle Kweyama signed the envelope (81.104.152.91) Nobuhle Kweyama viewed the envelope (81.104.152.91) Nobuhle Kweyama viewed the envelope (81.104.152.91) Katie Dye opened the document email. (172.224.227.23) Nobuhle Kweyama opened the document email. (146.75.168.39) Katie Dye viewed the envelope (194.168.147.164) Katie Dye viewed the envelope (194.168.147.164) Document emailed to buhlek12@gmail.com (13.40.12.10) Sent the envelope to Nobuhle Kweyama (buhlek12@gmail.com) for signing (194.168.147.164)
Thu, 7th Dec 2023 15:17:47 UTC Thu, 7th Dec 2023 15:17:14 UTC Thu, 7th Dec 2023 14:34:47 UTC Thu, 7th Dec 2023 14:34:47 UTC
Thu, 7th Dec 2023 15:17:47 UTC Katie Dye signed the envelope (194.168.147.164) Thu, 7th Dec 2023 15:17:14 UTC Katie Dye viewed the envelope (194.168.147.164) Thu, 7th Dec 2023 14:34:47 UTC Document emailed to katiejdye@me.com (18.170.214.197) Thu, 7th Dec 2023 14:34:47 UTC Sent the envelope to Katie Dye (katiejdye@me.com) for signing (109.73.121.84) Thu, 7th Dec 2023 14:21:40 UTC David Pollitt has been assigned to this envelope (109.73.121.84) Thu, 7th Dec 2023 14:21:40 UTC Nobuhle Kweyama has been assigned to this envelope (109.73.121.84) Thu, 7th Dec 2023 14:21:40 UTC Katie Dye has been assigned to this envelope (109.73.121.84) Thu, 7th Dec 2023 14:20:07 UTC Document generated with fingerprint 9533c996f059f9082e8d4c5ddfa84a4b (109.73.121.84) Thu, 7th Dec 2023 14:19:57 UTC Envelope generated by Colin Parker (109.73.121.84)