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2022-03-31-accounts

Trustees J Whaley
LCarter (Co Chair)
EGee (Co Chair)
J Haines
LJones
R Mason
A Riley
R Walker
Secretary J Skelton
Charity number 328476
Company number 02348556
Registered office Mind the Gap Studios
Silk Warehouse
Patent Street
Bradford
BD94SA
Auditor Azets Audit Services Limited
33 Park Place
Leeds
LS1 2RY
Bankers Lloyds Bank Pic
45 Hustlergate
Bradford
BD1 1NT

Page
Trustees'
report		 1-7
Statement
ofTrustees'		 responsibilities
Independent
auditor's		 report 9-12
Statement
offinancial		 activities
Balance sheet 14
Statement
ofcash flows		 15
Notes to the financial statements 16-28

Unrestricted Restricted Total Total
funds funds Restated
2022 2022 2022 2021
Notes f'
Income and endowments from:
Donations 62,797 62,797 159,483
Charitable
activities		 765,967 487,919 1,253,886 1,134,748
Investments 61 61 85
Other income 41,502 266 41,768 83,488
Total income 870,327 488,185 1,358,512 1,377,804
Ex enditure on:
Charitable
activities		 823,344 443,746 1,267,090 965,811
Net incoming for the year 46,983 44,439 91,422 411,993
Gross transfers between funds (10,395) 10,395
Net movement in funds 36,588 54,834 91,422 411,993
Fund balances at 1 April 2021 443,651 82,440 526,091 114,098
Fund balances at 31 March 2022 480,239 137,274 617,513 526,091

2022 2021
Notes
Fixed assets
Tangible assets 25,954 23,839
Current assets
Debtors 12 86,770 191,609
Cash at bank and in hand 659,815 608,959
746,585 800,568
Creditors: amounts falling due within
one year 13 (155,026) (298,316)
Net current assets 591,559 502,252
Total assets less current liabilities 617,513 526,091
Funds ofthe charity
Restricted funds 15 137,274 82,440
Unrestricted
funds		 480,239 443,651
617,513 526,091

2022 2021
Notes
Cash flows from operating activities
Cash generated from operations 19 64,052 456,902
Investing activities
Purchase oftangible
fixed assets		 (13,257) (14,603)
Investment income received 61 85
Net cash used in investing activities (13,196) (14,518)
Net increase
in		 cash and cash equivalents 50,856 442,384
Cash and cash equivalents at beginning ofyear 608,959 166,575
Cash and cash equivalents at end of year 659,815 608,959

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
f
Donations and gifts
Donations 6,282 6,282 1,482 1,482
Coronavirus Job
Retention Scheme 40,250 40,250 116,429 116,429
City of Bradford MDC-
COVID -19 Funding 16,265 16,265 41,572 41,572
62,797 62,797 159,483 159,483
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2022 2021
Interest receivable 85

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2022 2022 2022 2021 2021 2021
Other income 41,502 266 41,768 83,488 83,488

2022 2021
Staff costs 598,827 521,192
Depreciation 11,142 13,257
Direct production
costs		 88,063 42,298
Premises costs and insurance 59,674 46,180
General
administration		 37,854 26,619
Travel, accommodation and subsistence 33,951 1,748
Marketing 19,694 23,271
Artists and freelance costs 203,856 136,557
LEAP Award
payments		 82,123 54,654
Venue hire 20,339
1,155,523 865,776
Share of support costs (see note 8) 105,867 94,735
Share ofgovernance costs (see note 8) 5,700 5,300
Total expenditure
on		 charitable activities 1,267,090 965,811

Support cos ts
Support Governance 2022 Support Governance 2021
costs costs costs costs
f f'
Staff costs 69,979 69,979 67,980 67,980
Premises costs and
insurance 19,892 19,892 15,393 15,393
General
administration		 12,618 12,618 8,873 8,873
Professional fees 2,975 2,975 2,209 2,209
Bank charges 403 403 280 280
Audit fees 4,000 4,000 3,700 3,700
Accountancy 1,700 1,700 1,600 1,600
105,867 5,700 111,567 94,735 5,300 100,035

The average
monthly
number
ofemployees
during th		 e year was:
2022 2021
Number Number
Employment
costs		 2022 2021
Wages and salaries 598,794 546,307
Social security costs 57,995 29,634
Other pension costs 12,017 13,231
668,806 589,172

11 Tangible fixed assets Tangible fixed assets
Fixtures and Computers Total
fittings
Cost
At 1 April 2021 318,169 228,212 546,381
Additions 13,257 13,257
At 31 March 2022 331,426 228,212 559,638
Depreciation
At 1 April 2021 305,294 217,248 522,542
Depreciation
charged		 in the year 6,723 4,419 11,142
At 31 March 2022 312,017 221,667 533,684
Net book value
At 31 March 2022 19,409 6,545 25,954
At 31 March 2021 12,875 10,964 23,839
12 Debtors
2022 2021
Amounts
falling due		 within one year:
Trade debtors 25,525 62,258
Other debtors 658
Prepayments
and accrued income		 60,587 129,351
86,770 191,609
13 Creditors: amounts falling due within one year
2022 2021
Notes
Other taxation and social security 13,544 10,291
Deferred
income		 14 23,649 109,764
Trade creditors 45,523 35,205
Custodian
Funds		 36,990 44,175
Accruals 35,320 98,881
155,026 298,316

2022 2020
Brought forward 109,764 179,743
Released
in the year		 (109,764) (179,743)
Deferred
in the year		 23,649 109,764
Carried forward 23,649 109,764

Movement
in funds		 Movement
in funds
Current year Balance at 1 Income Expenditure Transfers Balance at 31
April 2021f March 2022f
Academy
Fund		 57,000 (57,000)
Capital assets 6,677 (4,551) 2,126
Cultural
Recovery Fund		 28,762 91,135 119,897
Daughters
of Fortune		 Anna 13,646 (13,646)
Daughters
of Fortune		 Zara / Paige 12 19,388 (19,400)
Future Me (3,675) 3,874 199
The LEAP 39,273 182,972 120,362 101,883
Engage 10,631 46,400 (57,031)
Staging Change 760 (11,155) 10,395
Leave The Light On For Me 73,770 (40,505) 33,265
82,440 488,185 (443,746) 10,395 137,274

Movement
in funds		 Movement
in funds		 Movement
in funds
Prior year Balance at 1 Income Expenditure Transfers Balance at 31
April 2020 March 2021
E
Academy
Fund		 57,000 (57,000)
Capital assets 12,969 (6,292) 6,677
Cultural
Recovery Fund		 92,780 (64,018) 28,762
Daughters
of Fortune Anna		 8,604 (19,154) 10,550
Daughters
of Fortune Zara		 / Paige (75,158) 58,667 (32,593) 49,096 12
Future Me 15,915 (19,590) (3,675)
The Leap 93,927 (54,654) 39,273
Engage 11,951 41,167 (56,117) 13,630 10,631
Staging Change 155 14,995 (19,440) 5,050 760
(50,083) 383,055 (328,858) 78,326 82,440
16 Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
Funds funds Funds funds
2022 2022 2022 2021 2021 2021
F F
Fund balances at 31
March 2022 are
represented
by:
Tangible assets 23,828 2,126 25,954 17,162 6,677 23,839
Current assets/(liabilities) 456,411 135,148 591,559 426,489 75,763 502,252
480,239 137,274 617,513 443,651 82,440 526,091
non-cancellable
operating
leases, which
fall due as follow		 s:
2022 2021
Within one year 13,500 14,379
Between two and five years 54,000 54,000
In over five years 75,375 88,875
142,875 157,254

Cash generated
from		 operations 2022 2021
Surplus for the year 91,422 411,993
Adjustments
for:
Investment
income		 («) (85)
Depreciation
oftangible		 fixed assets 11,142 13,257
Movements
in working		 capital:
Decrease
in debtors		 104,839 13,224
(Decrease)/increase
in		 creditors (143,290) 18,513
Cash generated
from		 operations 64,052 456,902

Comparative
Sta		 tement of Financial Activities
Unrestricted Restricted Total
funds funds 2021
Income from:
Donations
and gifts		 159,483 159,483
Charitable
activities		 751,693 383,055 1,134,748
Investments 85 85
Other income 83,488 83,488
Total income 994,749 383,055 1,377,804
Ex enditure on:
Charitable
activities		 636,953 328,858 965,811
Net income before transfers 357,796 54,197 411,993
Gross transfers between funds (78,326) 78,326
Net movement in funds 279,470 132,523 411,993
Fund balances at 1 April 2020 164,181 (50,083) 114,098
Fund balances at 31 March 2021 443,651 82,440 526,091