## |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| ||||mN~4I
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CS|| ## ## ## |||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|