2023-03-31-accounts - Mind The Gap

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Trustees			J Whaley
			LCarter	(Co Chair)
			EGee	(Co Chair)
			J Haines
			LJones
			R Mason
			R Walker
			J Coulthard	(Appointed	21 February	2023)
			K Mir	(Appointed	23 November	2022)
			S Khadim	(Appointed	23 November	2022)
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
			12 King Street
			Leeds
			LS1 2HL
Bankers			Lloyds Bank Pic
			45 Hustlergate
			Bradford
			BD1 1NT

		Page
Trustees' report		1-9
Statement ofTrustees'	responsibilities	10
Independent auditor's	report
Statement offinancial	activities	14
Balance sheet		15
Statement ofcash flows		16
Notes to the financial	statements	17-30

						Unrestricted	Restricted	Total	Total
						funds	funds
						2023	2023	2023	2022
					Notes		f.
Income and endowments			from:
Donations and	non-performance			grants		28,233		28,233	62,797
Charitable activities						782,544	553,290	1,335,834	1,253,886
Investments						1,829		1,829	61
Other income						73,889		73,889	41,768
Total income						886,495	553,290	1,439,785	1,358,512
Ex enditure on:
Charitable activities						953,812	626,143	1,579,955	1,267,090
Net incoming/(outgoing)			for the year			(67,317)	(72,853)	(140,170)	91,422
Other recognised		gains	and losses
Other gains or	losses				12	(90)		(90)
Net movement	in funds					(67,407)	(72,853)	(140,260)	91,422
Fund balances	at 1 April 2022					480,239	137,274	617,513	526,091
Fund balances	at	31 March 2023				412,832	64,421	477,253	617,513

			2023		2022
		Notes
Fixed assets
Tangible assets		13		27,017		25,954
Current assets
Debtors		14	134,417		86,770
Cash at bank and in	hand		476,011		659,815
			610,428		746,585
Creditors: amounts	falling due within
one year		15	(160,192)		(155,026)
Net current assets				450,236		591,559
Total assets less current liabilities				477,253		617,513
Funds ofthe charity
Restricted funds		19		64,421		137,274
Unrestricted funds				412,832		480,239
				477,253		617,513

					2023		2022
				Notes
Cash flows from operating		activities
Cash (absorbed by)/generated		from		21
operations						(175,023)		64,052
Investing	activities
Purchase	oftangible fixed assets				(13,504)		(13,257)
Proceeds	on disposal oftangible		fixed
assets					2,894
Investment	income received				1,829		61
Net cash	used in investing	activities				(8,781)		(13,196)
Net (decrease)/increase in		cash	and	cash
equivalents						(183,804)		50,856
Cash and	cash equivalents at beginning			ofyear		659,815		608,959
Cash and	cash equivalents	at end of		year		476,011		659,815

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2023	2023	2023	2022	2022	2022
Donations	and gifts
Donations		28,233		28,233	6,282		6,282
Coronavirus	Job
Retention Scheme					40,250		40,250
City of Bradford MDC-
COVID -19	Funding				16,265		16,265
		28,233		28,233	62,797		62,797

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		Unrestricted	Unrestricted
		funds	funds
		2023	2022
Interest	receivable	1,829	61

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2023	2023	2023	2022	2022	2022
Net gain	on disposal of
tangible	fixed assets	2,894		2,894
Other income		70,995		70,995	41,502	266	41,768
		73,889		73,889	41,502	266	41,768

				2023	2022
				K
Staff costs				689,025	598,827
Depreciation				12,441	11,142
Direct production costs				49,347	88,063
Premises costs and insurance				61,381	59,674
General administration				33,271	37,854
Travel, accommodation		and subsistence		42,332	33,951
Marketing				29,294	19,694
Artists and freelance costs				160,893	203,856
LEAP Award payments				353,558	82,123
Venue hire				8,073	20,339
				1,439,615	1,155,523
Share ofsupport costs		(see note	8)	131,340	105,867
Share ofgovernance	costs (see		note 8)	9,000	5,700
Total expenditure on		charitable	activities	1,579,955	1,267,090

Support costs
	Support	Governance	Total 2023	Support	Governance	Total 2022
	costs	costs		costs	costs
	2023	2023		2022	2022
Staff costs	81,160		81,160	69,979		69,979
Premises costs and
insurance	20,460		20,460	19,892		19,892
General administration	24,792		24,792	12,618		12,618
Professional fees	4,540		4,540	2,975		2,975
Bank charges	388		388	403		403
Audit fees		7,000	7,000		4,000	4,000
Accountancy		2,000	2,000		1,700	1,700
	131,340	9,000	140,340	105,867	5,700	111,567

The average monthly number ofemployees during th	e year was:
	2023	2022
	Number	Number
	37	38
Employment costs	2023	2022
Wages and salaries	686,498	598,794
Social security costs	70,747	57,995
Other pension costs	12,940	12,017
	770,185	668,806

12	Other gains or lo	sses
				Unrestricted		Total
					funds
					2023f	2022
	Foreign exchange	gains			90
13	Tangible fixed assets
				Fixtures and	Computers	Total
				fittings
	Cost
	At 1 April 2022			331,426	228,212	559,638
	Additions			8,823	4,681	13,504
	Disposals			(2,320)	(12,760)	(15,080)
	At 31 March 2023			337,929	220,133	558,062
	Depreciation and	impairment
	At 1 April 2022			312,017	221,667	533,684
	Depreciation charged		in the year	7,802	4,639	12,441
	Eliminated in respect ofdisposals			(2,320)	(12,760)	(15,080)
	At 31 March 2023			317,499	213,546	531,045
	Carrying amount
	At 31 March 2023			20,430	6,587	27,017
	At 31 March 2022			19,409	6,545	25,954
14	Debtors
					2023	2022
	Amounts falling	due	within one year:
	Trade debtors				58,930	25,525
	Other debtors					658
	Prepayments and	accrued income			75,487	60,587
					134,417	86,770

Creditors: amounts falling due within one year
		2023	2022
	Notes
Other taxation and social security		21,063	13,544
Deferred income	16	15,219	23,649
Trade creditors		46,812	45,523
Other creditors		46,562	36,990
Accruals		30,536	35,320
		160,192	155,026

	2023	2022
Brought forward	23,649	109,764
Released in the year	(23,649)	(109,764)
Deferred in the year	15,219	23,649
Carried forward	15,219	23,649

non-cancellable operating leases, which fall due as follow	s:
	2023	2022
Within one year	15,876	13,500
Between two and five years	61,766	54,000
In over five years	62,766	75,375
	140,408	142,875

				Movement	Movement	in funds
Current year			Balance at 1	Income	Expenditure		Transfers	Balance at 31
			April 2022					March 2023
			f.
Academy Fund				30,000	(30,000)
Capital assets			2,126			(1,740)		386
The LEAP			101,883	421,306	(463,930)			59,259
Leave The Light On		For Me	33,265	86,925	(120,190)
Collaborative	Touring	Network		3,429				3,429
Historic England - Manningham
Stories				3,500		(3,181)		319
Transforming	Leadership			2,098		(1,070)		1,028
Perform Europe				6,032		(6,032)
			137,274	553,290	(626,143)			64,421

			Movement in funds	Movement in funds
Prior year		Balance at 1	Income	Expenditure	Transfers	Balance at 31
		April 2021	E		f	March 2022
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	189,972	(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

Analysis of	net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	funds		Funds	funds
		2023	2023	2023	2022	2022	2022
		F	F	F	F	F	F
Fund balances at 31
March 2023	are
represented	by:
Tangible assets		26,631	386	27,017	23,828	2,126	25,954
Current assets/(liabilities)		386,201	64,035	450,236	456,411	135,148	591,559
		412,832	64,421	477,253	480,239	137,274	617,513

21	Cash generated from operations	2023	2022
	(Deficit)/surplus for the year	(140,170)	91,422
	Adjustments for:
	Investment income	(1,829)	(61)
	Foreign exchange losses	(90)
	Profit on disposal oftangible fixed assets	(2,894)
	Depreciation oftangible fixed assets	12,441	11,142
	Movements in working capital:
	(Increase)/decrease in debtors	(47,647)	104,839
	Increase/(decrease) in creditors	5,166	(143,290)
	Cash (absorbed by)/generated from operations	(175,023)	64,052
	The charity had no debt during the current or prior year.
22	Comparative Statement of Financial Activities

Comparative Statement	of Financial Activities
		Unrestricted	Restricted	Total
		funds	funds	2022
		f.	f.	f.
Income and endowments	from:
Donations and gifts		62,797		62,797
Charitable activities		765,967	487,919	1,253,886
Investments		61		61
Other income		41,502	266	41,768
Total income		870,327	488,185	1,358,512
Ex enditure on:
Charitable activities		823,344	443,746	1,267,090
Net income before transfers		46,983	44,439	91,422
Gross transfers between	funds	(10,395)	10,395
Net movement in funds		36,588	54,834	91,422
Fund balances at 1 April	2021	443,651	82,440	526,091
Fund balances at 31 March 2022		480,239	137,274	617,513