##
##
|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|
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|||||||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|
##
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##
||||||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|
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|||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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##
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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|
##
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##
||||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|