2024-03-31-accounts

Charity registration number 328476

Company registration number 02348556 (England and Wales)

Mind The Gap

Annual Report And Financial Statements For The Year Ended 31 March 2024

MIND THE GAP

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees	J Whaley
	L Carter	(Co Chair)
	E Gee	(Co Chair)
	J Haines	(Resigned 23 August 2024)
	L Jones
	R Mason
	R Walker	(Resigned 18 September 2024)
	J Coulthard
	K Mir	(Resigned 7 October 2024)
	S Khadim
Secretary	J Skelton
Charity number	328476
Company number	02348556
Registered office	Mind the Gap Studios
	Silk Warehouse
	Patent Street
	Bradford
	BD9 4SA
Auditor	Azets Audit Services Limited
	12 King Street
	Leeds
	LS1 2HL
Bankers	Lloyds Bank Plc
	45 Hustlergate
	Bradford
	BD1 1NT

MIND THE GAP CONTENTS Page Trustees, report Statement of Trustees, responsibilities 12 Independent auditorfs report 13-15 Statement of financial activities 16 Balance sheet 17 statement of cash flows 18 Notes to the financial statements 19-32

MIND THE GAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also Directors for the purposes of company law, present their annual report together with the financial statements for the year ended 31 March 2024 which are also prepared to meet the requirements for a Directors, report and accounts for Companies Act purposes. The Trustees have adopted the provisions of Accounting and Reporting by charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). The Legal and Administrative infomiation page fomis part of this Trustees, report. Objectives and activities Mind the Gap is England's largest leaming disability and autism focused arts charity. We work locally, regionally, nationally and internationally to further the charity's aims. In this past year we undertook a review of ourvision, Mission and Values. This involved learning disabled and autistic artists, staff and freelance colleagues, and the Board. The culmination ofthese discussions is a refreshed way of expressing what we do. and why and how we do it.. Vision We want to live in a world where learning disabled and autistic people are seen, heard and represented everywhere. Where leaming disabled and autistic voices lead the way in building a more inclusive world. Mission We use art to shift power away from where it's been for t¢)0 long. We test new creative ways of working that get rid of barriers and ￿lebrate people for who they are. We find power in peoples, stories. We make new narratives that challenge ideas about who gets to do vthat. We reframed the company's values, restating our focus on being Creative. Inclusive, Collaborative and Welcoming. Our discussions reviewed how Mind the Gap affects change in society, and we captured this in new values. These state our commitment to operate in ways that promote Alyship be￿een leaming disabled and non-disabled people, are Activist in non-partisan ways, and afvrfays remaining open to Learning. These updated Vision, Mission and Values w￿11 underpin Mind the Gap's approach. Our main areas of operation remain unchanged in the short and medium term. Mind the Gap will continue to deliver a wide-ranging programme that embraces three key activity areas.. Perfonnance & Live Art." creating bold, cutting edge, worfd-class perfomiance and live art events and experiences. Our approach puts leaming disabled and autistic artists at the heart of the artistic process= as perfomiers and creatives, and in the making. devising and delivery stages. Talent Development.. Alongside our artistic projects and productions we run our acclaimed Academy which, through a programme of different courses. nurtures and develops the talents and skills of leaming-disabled creatives. Leadership & Change: Integral to the company's approach is collaboration and working in partnership with other organisations so that there is a more indusive and accessible creative sector in which learning disabled and autistic artists can thrive. Our expanding Engagement programme, particulatly focused on local communities, will play an important role in this objective over the next three years and beyond.

MIND THE GAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 These three key activity areas are inextricably linked and interdependent, with each strengthening and supporting the other. Mind the Gap Studios in Manningham. Bradford, provides the company with high quality equipment and fully accessible facilities that are the physical hub of the organisation's operation. This is a key strength, providing excellent, accessible facilities through which to demonstrate the company's principles and practice. The artistic programme evolves year on year, with a continuous focus on opportunities to develop new work. and at the same time refreshing existing work for new audiences and contexts. The aims, objectives and activities of the charity are reviewed annually by trustees and staff. and achievements and learning are assessed and evaluated. This helps infomi fvture plans. IM)en reviewing the aims and objectives of the charity, and in planning future activities. the trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. Overview & highlights of the year In 2023124 Mind the Gap was able to retum to more typical ways of working following several years that saw the arts and wider society severely impacted by the Covid pandemic. It must be noted that the effects of the pandemic remain widespread and significant. For Mind the Gap, this is particularly evident in fierce competition for increasingly wrce financial resources, the financial pressures facing local authorities that in turn impact leaming disabled and autistic people in widespread ways, and more evidence of mental and physical health difficulties among our nthorks. In spite of these pressures Mind the Gap enjoyed another creatively successful and active year. Highlights of the year: Perfomiance & Live Art: Using our climate action research developed over several years, we created a new small-scale touring show called Birdie. Aimed at younger children and families the piece is a non-verbal movement piece led by Artistic Director Joyce Nga Yu Lee with Movement Director Karen Bartholomew, and music composed by Jez Colbome. It incorporates an ingenious moving cart set created by our design partners Eye of the Newt, and is delivered by three performers. The piece explores the impact of climate change on central character Birdie (Charlotte Jonesl and the relationship she forms with traveller Homie {Lorraine Brown) and calls for positive action to protect our wildlife and planet. The show is supported by a third character (Alan Clay) who performs and animates the multi- functioning cart that forms the backdrop and houses props and costumes. Birdie was enjoyed by 2,000+ people through 26 perfomiances at 13 locations including several in Bradford to reach local audiences. Mind the Gap artists also took part in Bradford's annual Lantem Parade led by locally based puppetry company Cecil Green Arts. We created a short performance piece that was performed several times as part of the lead up to the main parade. An estimated 1500 encountered the piece as part of the event. Talent Development: Our Academy programme continues to develop and support skills development of aspiring and experienced learning disabled and autistic people. Across the seven different programmes. plus ourArtists' Continuous Professional Development activity, 117 individuals participated regularty over the year. To celebrate the talents of these hard-working students Mind the Gap presents annual showcases focused on Performance Academy and One-Day courses. Enthusiastic audien￿$ composed of family, friends and stakeholders enjoy these events.

MIND THE GAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We continued to support our core team of learning disabled and autisticArb'sts in their professional development work, including supporting individuals to apply for project ￿ndIng through Arts Council England, Bradford Producing Hub and Unlimited. We are delighted that JoAnne Haines (Dancing wth Colours), Jez Colbome (Lighthouse project), Charlotte Jones & Lorraine Brown (Knotted), and Alan Clay (In Mind) are among those with projects in active development. Leadership & Change: In 2023124 Mind the Gap was fortunate to secure a PioneerAward of £50,000 through the Arts Council England co-funded initiative The Leap. This has enabled us to consolidate the creative engagement work we've been doing with local people and partners through a sustained programme of activity that responds to local communities, needs and interests. This investment from The Leap also provided vital match funding that enabled Mind the Gap to secure a substantial National Lottery Reaching Communities grant spanning three years from February 2024. After a lengthy application process we were delighted to be awarded £318,000 for a programme of activity, events and partnership working that will lay firm foundations for ground-breaking collaborative local work. Thanks to several key local partnerships including Bradford Stronger Together parents. network, disability sector neighbours Equality Together, and local hubs including Fardiffe Family Centre we are excrted about the potential to create real and lasting change locally. Slightly further afield our successful collaborative relationship with York St John Universty IYSJU) has been strengthened this year. Led by Professor Matthew Reason Director of the Institute for Social Justice YSJU was successful in securing an Arts & Humanities Research Council grant to explore Identify, Representation and Voice through a project called I'm Me. Seven national learning disability and autism focused organisations are involved. Mind the Gap is fortunate to be a lead partner, and ourArtists have worked with Matthew and his team including illustrator Brian Haruey to make three 'Doodle Books" that support creative thinking. As part of this project Mind the Gap will play a key role in curating and producing a Festival in June 2025 that will present the culmination of the I'm Me research. This will take the fo￿ of performances, exhibitions and presentations created by the participating partners in response to the research findings. Nationally, Mind the Gap has been part of the Collaborative Touring Ne￿Ork this year. We were part of a network of seven organisations, led by Square Chapel Arts Centre in Halifax. We hosted the latest production by the brilliant Tourettes Hero, and enjoyed working wth ccFArtistic Director Jess Thom including wider discussions about disability rights and activism. We also supported local disabled artist Maggie Morris who created a platform perfornian￿ as part of the hosted event. Intemationally, we participated in regular online discussions with European colleagues working in the leaming disability and autism arts arena. We continue to look for collaboration and presentation opportunities. Next year, we will work with Poland's Teatr 21 to share skills and ccFcreate a choreography project funded by the British Council. Returning to local interests, Mind the Gap continues to be part of the Consortium group that oversees Bradford Creative People & Places project The Leap. We also continue to be involved with Bradford Producing Hub as an active project partner, including collaborating with them to deliver part of their Empowered programme for local artists. We are excited that Bradford is UK City of Culture 2025 and look fomard to being part of the celebrations. We thank all our investors for continuing to back the company and our work. This includes Arts Council England, Bradford MD Council, Calderdale Council and other local authorities, The Leap, The National Lottery Reaching Communities and York St John University (thanks toArts & Humanities Research Council investment).

MIND THE GAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE Impacts 2023124 Mind the Gap has continued to gather data so that we can evidence our achievements and impacts. This includes capturing audience figures and profile information. gathering information about participants, and inviting feedback through surveys and social media. This year we have recorded the following.. Performance and Live Arts- including digital broadcast and online dissemination: "Really fun and enjoyable. Loved the music, the perfon￿an￿$ and the humour." Audience member Birdie a national touring production reaching audiences of 2,000+ people at 13 locations across England, approx. 500/0 of whom were Bradford local attenders. Lantern parade performance was part of a major event in Lister Park, Manningham reaching an estimated 1,500 people, mostly children and families from the local area. Alongside production activity this year we have begun exploring the potential of collaborating with brilliant Lung theatre company, who make work based on true stories wth national impact. We deepend our relationship through research and development collaboration in 2023124. INe hope this will culminate in co-production in 2026. Talent Development through pKfG Academy: "What I like about going to Mind the Gap is that I can leam new things at ease and a good pace. Classes a always fun and we leam a lot because it is not boring ordull. Everyone is very friendly and if we do have a problem there is someone always there to go to. Mind the Gap Academy Student Seven different courses fomi the MTG Academy programme. induding the 4day Performance Academy course, partner courses led by Totally Inclusive People, and a Youth Academy scheme run in partnership with Bradford's Specialist Indusion Project. Our student cohort 2023124 numbered 104 individuals, induding our new Calderdale satellite course. who participated with us between one and five days each week, over 35 weeks. The programme numbered 1.140 sessions, and delivered 13,000 attendances. Additionally, we supported our Artists, ensemble wth continuous professional development training through 264 sessions delivering 4,700 attendances. Showcase events enabled family and friends to celebrate students, achievements and successes in July 2024. Leadership & Change through collaborative working: °My daughter has had the most enriching expellen￿ at her Saturday gmup. She leaves the sessions very happy, relaxed and more confident. It is clear when she is with you she is totally at ease, empowered to be herself and open to new friends and leaming. We know this is due to you lovely staff and voluntee￿, you all personrfy the very essence of celebration of dive￿ty. Thank you for your support, encouragement, compassion, Unde￿tandIng and care." pa￿nt of Youth Academy participant Through our creative engagement programme we've worked regularly with 30 young leaming disabled and autistic people, and launched a new Saturday moming activity which is proving popular and successful. We've got a growing nthork of strong partnerships through our engagement programme., currently nine active partnerships are helping drive our plans forward. We hosted a very successful Vlfinter Social film and social event wth City of Sanctuary, and plan to run at least more community events in 2024125. In the year we hosted 10 local and national artists. either as part of our Open Space initiative or events. We worked with Bradford Producing Hub to deliver training for disabled artists.

MIND THE GAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Fundraising activities Building on previous years Mind the Gap's income generation and fundraising strategy has focused on attracting investment from several key stakeholders. These include Arts Council England, Local Authorities like Bradford, Calderdale and Leeds. a collaboration with The Leap. and securing funding for a 3-year programme called My Creative Local through The National Lottery Reaching Communities fvnd. It has been evident this year that grant makers and donors are facing immense demand for their resources. Funders have reported that they are experiencing unprecedented demand. with one recently saying in a rejection email that they have seen a 3,0000/o increase in applications. Additionally, while some funders {e.g. local authorities) are applying inflationary increases to some areas of income, this is not keeping pace with rapidly rising costs e.g. salaries and overheads. This makes for a challenging economic climate, and creates Un￿rtaInty for the future. Vbfvile Mind the Gap remains optimistic our high quality work wll attract investment, we are planning for the future with some additional caution around income targets and success rates. As we report later under Plans for the Future the company will be restructuring in 2024125. and as part of this aims to reduce salary overhead expenditure. Arts Council England (ACE) provided core investment via the National Portfolio Programme (NPO} of £310,864, approximately +£60,000 on previous year thanks to an uplift for Mind the Gap for 2023-2026. Mind the Gap also manages programme funds and employs staff for theArts Council England Creative People & Places project The Leap. Bradford MD Council invested around £61,500 in our work through the Arts Investment Programme and other project grants- which while valued and essential. is significantly less than 2022123 and previous years. We have continued to deepen our working relationship viith York St John University, including their pioneering Institute for Social Justice. We are delighted that the Arts & Humanities Research Council have agreed to invest in our partnership project I'm Me, led by Professor Matthew Reason, Direclor of the University s Institute. This flagship project developing ground-breaking methodologies in leaming disability inclusive research project started in May 2023 and will run over 26 months, yielding approx. £100,000 investment in Mind the Gap's elements of the project, of the total project grant £468,000. We have invested unrestricted reserves in the development of local creative engagement work, to strengthen our community focused work and positioning for future funding and collaboration opportunities. Mind the Gap is grateful to all its investors- large and small - for their support this year. Fundraising in the current climate continues to be challenging. While Mind the Gap's successful track record puts the charity in a strong position to attract investment. we know compets'tion for scarce reSoUr￿S will be fierce in the coming year and beyond. England's theatre sector continues to adjust following the impacts of the pandemic. We know that like Mind the Gap colleagues in venues and other touring companies are having to negotiate very difficult conditions, which hampers long-term decision-making. As one of Bradford's longest established and largest arts organisations, we aim to play a big role in the District's UK City of Culture celebrations in 2025. 2023124 has been an important year to lay the groundwork, and we hope that the Bradford 2025 team will commit to investing in our offer in autumn 2024. Despite the new challenges for international collaboration caused by Brexit, Mind the Gap continues to foster European connections and opportunities through the informal Crossing the Line Network, which we have helped develop since 2010. Our successful Academy programme generates substantial income through the fees paid by participants through Individual Budgets and Direct Payments. We need cross-subsidy in addition to fees income to develop and thrive. We know that adult social care budgets are already under extreme pressures so we will need to work collaboratively with local authority partners and other investors to ensure our work remains relevant, impactful and sustainable.

MIND THE GAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 We have successfully increased eamed income this year from services, training and partnerships compared to previous year, but we are not yet at pre-pandemic levels. We hope that 2024125 will improve the market conditions will improve so Mind the Gap can maximise retum from its knowledge and expertise. Mind the Gap does not hold material investments. Mind the Gap occasionally seeks and receives individual donations to support our work, usually through project campaigns, and our ongoing individual giving programme. We strive to achieve the highest standard fundraising standards and value our supportive funders and donors. We stay up to date with charity regulations, data protection and the Fundraising Preference SetN1￿ (FPS) to make sure we are legally compliant and adhering to all guidelines and best practice. Financial review The charity manages a complex financial portfolio of grants, commissions, donations and eamed income in order to deliver its artistic programme and meet its chantable objectives. The company works to a written business plan spanning three years that is updated annually. The company's Business Plan is underpinned by 3 financial aims= Income directly benefits MTG artistic programme. goals and audiences. Making strong and sustainable relationships vlith stakeholders from diverse sources.. public, lottery, private, corporate and individual sectors. 3. Reducing reliance on ad-hoc funding by generating sustainable income streams and longer-term investment by stakeholders. Mind the Gap's main sources of income are". Arts Council England (ACE) National Portfolio Organisation (NPO) and earned income through MTG Academy services. Mind the Gap is also eligible for and has daimed rebate income totalling £39.500 through HMRC'S Theatre Tax Relief scheme. The charity has suc￿SsfUllY negotiated this year's many financial challenges, remaining financially sustainable, and sowing seeds for investment towards future activities. The Statement of Financial Activities shows net movement in funds for the year of £144,886 {2023.' outgoing £140,260) and total reserves of £622.139 (2023.. £477.253). The trustees have established a written Reserves Policy to ensure the stability of the mission, programmes, employment and ongoing operations of the charity. The tsrget minimum reserves policy is equal to Ihree-months average operating costs. The Reserve Policy value indudes all recurring, predictable expenses such as salaries and benefits, core artists. administration and overheads. ongoing professional services. The Reserves target is cU￿entlY £160,000. The trustees refer to this as the Board Designated Operating Reserve. The free reserves at 31 March 2024 were £359.641 (2023: £386,201) which is currently above this amount

MIND THE GAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 PLANS FOR FUTURE PERIODS Mind the Gap looks forward to another busy and productive year in 2024125. Currently, our priorities include.. We will remount Birdie for national touring. and tske our family friendly dimate action show to festivals. arts venues and schools across England. As we look towards UK City of Culture 2025, Mind the Gap has been successful in securing a Research and Development Commission. This will enable us to advan￿ our plans to create a new show exploring identity, representation and Vol￿ of leaming disabled and autistic people. We hope this will lead to our project being greenlit to go fO￿ard as part of the BD25 artistic programme. We will continue our research collaboration with York St John University called I'm Me. Working with six partners across the UK we will work towards a Festival presentation in June 2025. We will continue to discuss a joint project wth our fn'ends at verbatim theatre specialists LUNG - and hope that this will culminate in a new Cowproduction for 2026. Our creative engagement activities will be progressed through our Leap collaboration project Activate, and our Reaching Communities funded programme My Creative Local. We will continue to build local partnerships and use the arts to explore and find solutions to issues that are important and pressing for families living with learning disability- This will indude further development of our Youth Academy, and connecting our engagement activity with creative plans for Bradford 2025. Our thriving Academy will continue to offer a varied programme of different offers for aspiring leaming disabled and aulistic adults. In 2024125 our first cohorl of Perfomiance Academy programme students will graduate with a formal qualification at Certificate of Education Level 4. thanks to our validation partnership with York St John University. A new cohort will start their thre&year Performance Academy journey, the only course at this level in the UK. We will continue to support our ensemble of leaming disabled and autistic Artists, creating performance, devising, engagement, independent project and skills development opportunities to meet individuals, goals and the objectives of the charity. In 2024125 the Consortium arrangements for The Leap project wll change, and Mind the Gap will no longer be the employer or distributor of programme funds. We expect to continue to be an active collaborator and part of The Leap project ne￿ork, but may step down from the Consortium group.

MIND THE GAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management The charity is constituted as a company limited by guarantee. and is therefore governed by a Memorandum and Articles of Association. All the directors of the company are also trustees of the charity. and there are no other trustees. The trustees who served during the year are set out on the Legal and Administration infomiation page. In accordance with the Articles of Association one third of the twstees will retire by rotstion at the annual general meeting, and where eligible, may offer themselves for re-election. Ten directors served for all or part of the year on the Board, bringing a wide range of skills and expertise including knowledge of finance, business development, marketing and social services sectors as well as creative arts, equalities, diversity & indusion. Executive Director Julia Skelton MBE is appointed by the Board as chief executive officer to manage Mind the Gap's operation and the smooth-running of the company. Senior management roles ensure that artistic programme, Academy and creative engagement work are all overseen by qualified personnel. The line management structure identifies clear lines of responsibility to other members staff including the Management Team and learning-disabled company members. In 2024125 the charity will see some significant changes in the staff structure at Mind the Gap. Julia Skelton and Joyce Nga Yu Lee have made separate decisions to leave their roles of Executive Director and Artistic Director after 27 and 14 years respectively. They will step down from these roles in mid-November to pursue new ventures. but wll continue to be available to Mind the Gap on a freelance and part-time basis. This is part of an amicable succession plan led by the senior management team and Board, with support from independent advisors and key stakeholders. As part of this succession planning process Mind the Gap has undertaken a very detailed analysis of company needs and explored different ways about how best to meet them. The Board considered several key factors alongside deciding the best model for the fvture, including using ￿rrent staff skills and experience, protecting incumbent staff jobs l avoiding redundancies as far as possible. and priorities for future work. After looking at different options, the Board decided to pursue a new c¢>leadership model drawing on the skills, knowledge and expertise of existing senior staff. This is based on two new full-time roles of Creative Director and Executive Producer working in collaboration. The Board has led an intemal recruitment process inviting existing senior staff to put themselves forward for these roles, and undertaking a presentstion and Q&A interview process. As a culmination of this process we are delighted to confirm that Charli Ward (currently Academy Director} will take up the new post of Creative Director, working in collaboration with Maria Thelwell (currently Head of Engagement) as Executive Producer. Lesley Davis will continue in the role of Finance Manager, and provide continuity in financial management. Charli and Maria are both experts in learning-disability and autism indusive practice. Through this new co-leadership model the company wll strengthen the systems and support for learning- disabled and autistic artists to sit at the heart of Mind the Gap's creative vision and decision-making processes. There will be some other adjustments and job opportunities to account for these changes to enable smooth running and business continuity.

MIND THE GAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Trustee Induction and Training New directors are recruited through open recruitment, networking and invitation. and are elected at Board meetings in accordance with the charity's Memorandum and Articles ofAssociation. There is a comprehensive induction prO￿sS and written information for new members. Training is provided where required. All trustees give their time voluntarily. Any expenses redaimed by twstees from the charity are set out in note 9 to the accounts. Organisational structure The Board meets five times each year to review the work of the company, discuss relevant issues and agree action for the next phase. Stsff members and leaming-disabled representatives from supported employment and training programmes make reports to the Directors to inform decision-making processes. The Board entrusts senior staff with responsibility to ensure that decisions are implemented, and directors (particularly the Co- Chairs) provide support, advice and direction as required belween meetings. The Co-chair arrangements have been embedded since 2022123, with the positions currently held by Lynne Carter and Emma Gee. The charity continues to review and develop its ways of working to be accessible and inclusive for people from different backgrounds. Our current Priority is to effectively embed our new board members, and continue to grow our team to indude new people V￿th different expertise and lived experiences. Three action groups support the work of the Board, made up of Trustees and relevant staff members, including learning disabled and autistic team members. The Money & Partners Action Group meets 2-3 times each year alongside regular Ordinary Meetings. This group scrutinises the ongoing financial health of the organisation. tests financial assumptions and monitors the relationship between income and expenditure. Members provide support and ideas to ensure the charity's fundraising strategy is robust and viable. The People & Home Action Group meets 2-3 times each year providing practical support and advice on key issues relating to people and resource matters. It reviews key policies including Health & Safety, Safeguarding and Equal Opportunities, as well as providing support and scrutiny on specific HR issues. The Art, Audiences & Reputation Action Group is now in its third year of operation. This creates space for Board members to contribute to discussions and decisions relating to artistic policy. Working with the Creative Director and members of the Artists, ensemble this new group will help shape future artistic programme plans. This action-group structure helps to ensure that all directors are able to use their expertise and knowledge to support the work of the charity. They are supported by input from time to time by COvOPted strategic advisors. Mind the Gap is committed to supporting individual artists to pursue their own artistic goals, as well as performing in productions created by the company. We continue to involve learning-disabled company members in decision- making and planning as well as delivery through regular meetings, discussions, and representation as officers at Board meetings. We continue to develop our volunteer network and are currently supported by a team of around 6 active volunteers. Mind the Gap is grateful to all volunteers for the skills and support they so willingly bring to the charity. The company also commissions additional artists and ProdU￿rS to maintain and strengthen the company's reputation for creating bold, innovative and exciting work. We continue to grow our ne￿Ork of Associate Artists, both learning-disabled and non-leaming-disabled, to ensure that the company remains at the forefront of pioneering artistic practice.

MIND THE GAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Pay policy for senior staff The pay of the charity's key personnel is reviewed annually. Up to 2023124 Mind the Gap voluntarily aligned its salary review policy and practice with the grading scale of the National Joint Council {NJC). However, it was not financially prudent for the charity to maintain strict adherence to this, because of rapid and significant rises in wages inflation. So, while NJC grading scale rates were adopted, this was not implemented until De￿mber 2023, rather than at the start of the financial year in April. The Money & Partners Action Group have met and undertaken a delailed review of salary policy, and the Board has agreed that from 2024125 Mind the Gap will decouple from the NJC grading scale. In future, any decisions about salary increases for senior and other staff will be made based on prevailing market conditions and affordability. Board and senior staff will take into account extemal indicators like the Retail Prices Index (RPI) and bench-mark company wages wth charities of a similar size and activity. This will ensure that the remuneration is fair and in line with what is generally paid for similar roles. This wll enable the Board to agree any pay increases at the start of the financial year. Risk Management The directors actively review the financial risks that the charity faces annually at the regular ordinary meetings and the SU￿groups, meetings, including the ongoing and future funding of the organisation. Awritten Risk Register documenl that summarises key risks is regularly reviewed by the Executive Director and updated annually by the Money & PartnersAction Group. Key risks include.. UK'S theatre sector remains in a financially fragile state. vthich is creating uncertainties around programming, funding and staffing models. This means medium and long-term planning is more challenging, as venues and touring companies endeavour to remain solvent, and anticipate future trends. Local authorities face extreme financial pressures. and there is a threat that some areas of work including arts and culture investment may be redU￿d or cut, so that funds can be deployed in other essential seNices. This means ourAcademy and creative engagement activities will need to attract and support those who may be at particular risk of being marginalised from mainstream activities. Making the case for cross subsidy investment to support the core functions of the Charity (overhead staff, space, running costs) is essential for the programmes to run sustainably. The fundraising environment is extremely competitive wth many organisations competing for scarce resources. Future investment strategy ￿ll11 need to negotiate this context. Mind the Gap will continue to adapt and flex its programme plans to meet changing needs and demands. Staff and Board member chum creates the risk that company kno￿edge and expertise is lost. and it may be challenging to replace outgoing staff and board members. The Charity will remain proactive in Board recruitment and development, and ensure all staff work to clear job descriptions to enable Mind the Gap to transition smoothly iflwhen Board Trustees or key staff choose to leave. The directors confirm that they have developed systems to monitor and control these risks, and one of the functions of the Action Groups is to provide scrutiny and support around any issues that might arise. Funds Held as Custodian Trustee In 2023-24, Mind the Gap acted as Custodian Trustee for fvnding awards to support artistic activities for learning disabled artists. This included income from Arts Council England (ACE), and Bradford Producing Hub (clo University of Bradford). The artists for whom the charity acted as Custodian Trustee in the year were.. Alan Clay (DYCP- My Next Stepl, JoAnne Haines (Make Work-your Idea Your Way), Jez Colbome (DYCP- Lighthouse Project) and Paul Bates (DYCP- Judgement). The total value of the income on these awards in the year was £31,283 (2023.. £65,571) and the total amount held for these awards at the year end was £15.27912023'. £46,562). The safe custody and segregation of this income and the relevant expenditure was achieved by creating a separate 'class' {project) in the computerised book-keeping system so that all income and expenditure can be clearly accounted for and audited. 10-

MIND THE GAP TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Disclosure of infomiation to auditor Each of the Trustees has confirmed that there is no infonnation of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confimied that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. Auditors In accordance with the company's articles, a resolution proposing that Azets Audit Services Limited be reappointed as auditor of the company will be put at a General Meeting. Small company rules This report has been prepared in accordan￿ with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. It was approved by the Board of Trustees and signed on its behalf by.. LA L Carter C￿chaIr of Trustees Dated:0911012024 11

MIND THE GAP STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also the directors of Mind the Gap for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿}. Company Law requires the Trustees to prepare finanaal statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming reSoUr￿S and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Twstees are required to.. select suitable accounting policies and then apply them consistently- obseNe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent., and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity 11 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 charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 12-

MIND THE GAP INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MIND THE GAP Opinion We have audited the financial statements of Mind the Gap (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the balan￿ sheet. the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting standa￿ applicable in the UK and Republic of I￿land {United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its income and expenditure, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UKI) and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suffiaent and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have conduded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees wth respect to going concern are described in the relevant sections of this report. Other information The other information comprises the information induded in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so. consider whether the other infomiation is materially inconsistent with the financial statements or our kno￿edge obtained in the Course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have perfomed, we conclude that there is a material misstatement of this other infomation, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the Trustees, report for the financial year for which the financial statements are prepared, which includes the directors, report prepared for the purposes of company law, is consistent wth the financial statements., and the directors, report included Trmthin the Trustees, report has been prepared in accordance wth applicable legal requirements. 13-

MIND THE GAP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MIND THE GAP Matters on which we are required to report by exception In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misststements in the directors, report included within the Trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion- adequate accounting records have not been kept. or returns adequate for our audit have not been re￿iVed from branches not visited by us- or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees. remuneration specified by law are not made" or we have not received all the infom)ation and explanations we require for our audit., or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees, report and from the requirement to prepare a strategic report. Responsibilities of Trustees for the financial statements As explained more fully in the statement of Trustees, responsibilities, the Trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from malerial misstalement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the Trustees either intend to liquidate the Charitable company or to cease operations, or have no realistic altemative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance th ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11 www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. 14-

MIND THE GAP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MIND THE GAP Extent to which the audit was considered capable of detecting irregularities, including fraud Irregularities, including fraud, are instances of non-compliance wth laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to deted material misstatements in respect of irregularities, including fraud. We obtain and updale our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying th that framework. Based on this understanding. we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit eviden￿ that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations. including fraud. In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included.. Enquiry of management and those charged with govemance around actual and potential litigation and claims as well as actual. suspected and alleged fraud- Reviewing minutes of meetings of those charged wth governance., Assessing the extent of Complian￿ with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection.. Reviewing financial statement disclosures and testing to supporting documentstion to assess compliance with applicable laws and regulations., Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewng accounting estimates for indicators of potential bias., Performing audit work over the timing and recognition of income and in particular whether it has been recorded in the correct accounting period. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance wth a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instan￿5 of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentstions, or the override of intemal control. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Jesiic67 La￿le0Ce Jessica Lawrence (Senior Statutory Auditor) for and on behalf of Azets Audit Services Limited 0911012024 Chartered Accountants ststutory Auditor 12 King Street Leeds LS12HL 15-

MIND THE GAP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Total 2024 2023 Notes Income and endowments from: Donations and non-performan￿ grants Charitsble activities Investments other income 14,959 940,037 8,327 116,184 14,959 1.827,942 8,327 116,184 28.233 1,335.834 1.829 73,889 887.905 Total income 1,079,507 887,905 1,967,412 1,439,785 enditure on: Charitable activities 1,116,398 706,126 1,822,524 1,579,955 Net incomingl(outgoing) for the year (36,891) 181,779 144,888 {140,170) Other recognised gains and losses other gains or losses 12 (2) (2) (90) Net movement in funds (36,893) 181,779 144,886 (140,260) Fund balan￿S at 1 April 2023 412,832 64,421 477,253 617,513 Fund balances at 31 March 2024 375,939 246,200 622,139 477,253 The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. The statement of financial activities indudes all gains and losses recognised in the year. The notes on pages 19 - 32 form part of these financial statemens. A fully detailed Statement of Financial Activities for the year ending 31 March 2023 is shown at note 22. All income and expenditure derive from continuing activities. 16-

MIND THE GAP BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 13 16.298 27.017 Current assets Debtors Cash at bank and in hand 14 121,744 628,682 134,417 476,011 750,426 610,428 Creditors: amounts falling due within one year 15 (144.585) 1160.192) Net current assets 605.841 450.236 Total assets less current liabilities 622.139 477.253 Funds of the charity Restricted funds Unrestricted funds 19 246,200 375,939 64,421 412,832 622,139 477,253 The directors acknowledge their responsibilities for complying wth the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. These financial statements are prepared in accordance wth the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the CompaniesAct 2006 and are for the circulation to members of the Company. They were approved by the board of Trustees on 091.1012024.................. and signed on its behalf by.. LAGk L Carter Co-chair Company Registration No. 02348556 17-

MIND THE GAP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flov￿ from operating activities Cash generated froml(absorbed by) operations 21 145,794 (175,0231 Investing activities Purchase of tangible fixed assets Proceeds on disposal of tangible fixed assets Investment income received {1,450) (13,504) 2,894 1,829 8.327 Net cash generated froml(used in) investing activities 6,877 (8,7811 Net increasel(decrease) in cash and cash equivalents 152.671 (183,8041 Cash and cash equivalents at beginning of year 476,011 659,815 Cash and cash equivalents at end of year 628,682 476,011 18-

MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies The principal accounting policies adopted. judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows.. Charity infomiation Mind the Gap is a private company limited by guarantee incorporated in England and Wales. The registered office is Mind the Gap Studios, Silk Vl*arehouse, Patent Street, Bradford, BD9 4SA. Each member of the Company has undertaken to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while helshellhey are a member. or within one year after helshelthey cease to be a member. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial ststements are prepared in sterling. which is the ￿nCtIOnal currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. The financial statements have been prepared under Ihe historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concem At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specifi¢ Conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 1.4 Income Income is recognised when the charity is legally entided to it after any performance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation. Govemment and other grants are recognised in fijll in the statement of financial activities in the period in which they are receivable. 19-

MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to make payment to a third paty, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings= Charitable expenditure.. comprises those costs incurred by the charty in the deliverance of its activities and services for its beneficiaries. It includes both costs that can be directly allocated to such activities and those costs of an indirect nature necessary to support them. Support Costs.. are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trust's activities. These costs have been allocated be￿een cost of raising funds and expenditure on charitable activities. The basis on which support costs have been allocated are set out in note 8. All costs are allocated be￿een the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis as set out in notes 7 and 8. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequerrtly measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Fixtures and fittings Computers 250A Reducing balance or 250A straight line 330h Reducing balance or 33Vo Straight line The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds and the carrying value of the asset. and is recognised in the statement of financial activities. Individual fixed assets costing £500 or more are capitalised. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call wth banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. -20-

MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continued) 1.9 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Sedion 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assels and liabilities are offset, wth the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a finanang transaction, where the transaction is measured at the present value of the future receipts di$￿Unted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Impainnent of financial assets Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impaimient loss is the difference be￿een the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in net in¢omel(expenditure) for the year. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current ¢arying amount does not exceed what the carrying amount would have been, had the impaimient not previously been recognised. The impairment reversal is recognised in net incomel(expenditure) for the year. Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another paty that is able to sell the asset in its entirety to an unrelated third party. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or sepiices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pri￿ and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised vthen the charity's contractual obligations expire or are discharged or cancelled. 21

MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continued) 1.10 Taxation The charitable company is considered to pass the tests set OLrt in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received wthin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. The charity benefits significantly from Theatre Tax Credit taxation reliefs based on the eligible production costs incurred. The calculation of the tax credit involves significant uncertainties and it is not possible to apply a reasonable point estimate based on historic agreements Trmth tax authorities. Therefore the Trustees do not recognise any potential tax rebate on an accruals basis and instead recognise the rebate on a cash received basis. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.12 Retirement benefits Payments to defined contribution rets"rement benefit schemes are charged as an expense as they fall due. 1.13 Leases Rentals payable under operating leases, induding any lease incentives re￿ived, are charged as an expense on a straight line basis over the temi of the relevant lease. 1.14 Custodian Funds Funds held by the charity as a custodian trustee are excluded from the income and expenditure of the charity and the balance held recognised as a liability wthin the financial statements. Critical accounting estimates and judgements In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The Trustees are of the opinion that there are no estimates and assumptions that have a significant risk of causing a material adjustment to the carying amount of assets and liabilities.

MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and non-perforniance grants Unrestricted Restricted funds funds Total Unrestricted Restricted funds funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Donations 14.959 14.959 28,233 28,233 14.959 14.959 28,233 28,233 The Charity benefits greatly from the involvement and enthusiastic support of a number of volunteers, details of which are given in our annual report. In accordance with FRS102 the economic contribution of volunteers is not recognised in the accounts. -23-

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MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 8,327 1,829 Other income Unrestricted Restricted funds funds Totsl Unrestricted Restricted funds funds Total 2024 2024 2024 2023 2023 2023 Net gain on disposal of tangible fixed assets Other income 2,894 70.995 2.894 70.995 116.184 116.184 116,184 116.184 73,889 73.889 Other income indudes £39,842 (2023.. £40,810) relating to Theatre Tax Relief claims. Charitable activities 2024 2023 staff costs Depreciation Direct production costs Premises costs and insuran General administration Travel, accommodation and subsistence Marketing Artists and freelance costs LEAP Award payments Venue hire 822,836 12,169 33,094 60,268 45,631 31,755 61,491 131,596 476,074 689,025 12,441 49,347 61,381 33,271 42,332 29,294 160,893 353,558 8,073 1.674,914 1,439.615 Share of support costs (see note 8) Share of governan￿ costs (see note 8) 138,260 9,350 131,340 9,000 Total expenditure on charitable activities 1,822,524 1,579,955 -25-

MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance Total 2024 costs costs 2024 2024 Support Governance Total 2023 costs costs 2023 2023 staff costs Premises costs and insurance General administration Professional fees Bank charges Audit fees Accountancy 101,005 101,005 81,160 81,160 20.089 12.768 4.040 358 20.089 12.768 4.040 358 7.250 2.100 20,460 24,792 4.540 388 20,460 24,792 4.540 388 7.000 2.000 7.250 2.100 7,000 2,000 138,260 9,350 147,610 131,340 9,000 140,340 Trustees JoAnna Haines, a Trustee of the charity, received a salary of £2,400 for temporary employment during the year {2023= Nil). During the year, there were no travel expenses reimbursed to the Trustees (2023.. one Trustee was reimbursed £470). 10 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number 41 37 Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 835,360 70,825 17,656 686,498 70,747 12,940 923,841 770,185 No employee eamed £60.000 or more during the year {2023: no employee). The key management personnel of Mind the Gap are the Executive Director, Artistic Director, Academy Director, Head of Engagement, Finan￿ Manager and Head of Creative Engagement. The total employee benefits of the key management personnel of the charity were £196,927 (2023: £214,333). -26-

MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Taxation The charity is exempt from tax on income and gains falling within section 505 of the TaxesAct 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 12 Other gains or losses Unrestricted Unrestricted funds funds 2024 2023 Foreign exchange losses 90 13 Tangible fixed assets Fixtures and fittings Computers Total Cost At 1 April 2023 Additions 337,929 220,133 1,450 558,062 1,450 At 31 March 2024 337,929 221,583 559,512 Depreciation and impaimient At 1 April 2023 Depreciation charged in the year 317,499 7,872 213.546 4.297 531.045 12.169 At 31 March 2024 325,371 217.843 543.214 Carrying amount At 31 March 2024 12,558 3,740 16,298 At 31 March 2023 20,430 6,587 27,017 14 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Prepayments and accrued income 55,973 65,771 58.930 75,487 121,744 134,417 -27-

MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Creditors: amounts falling due within one year 2024 2023 Notes Other taxation and social security Deferred income Trade creditors Other creditors Accruals 20,332 47,575 18,913 15,279 42,486 21.063 15.219 46.812 46,562 30,536 16 144,585 160,192 In 2023-24 Mind the Gap acted as Custodian Trustee for funding awards to support artistic activities for learning disabled artists. This induded income from Arts Council England {ACE), and Bradford Producing Hub (clo University of Bradford). The artists for whom the charity acted as Custodian Trustee in the year were.. Daniel Foulds {DYCP), JoAnne Haines (Make Work Your Idea Your Way) and Paul Bates (DYCP Judgement). The total value of the income on these awards in the year was £31,283 (2023.. £65,571} and the total amount held for these awards at the year end was £15,279 {2023. £46,562) was included within other creditors. 16 Deferred Income 2024 2023 Brought forward Released in the year Deferred in the year 15,219 (15,219) 47,575 23,649 {23,649) 15,219 ca￿led forward 47,575 15.219 -28-

MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Operating lease commitments At the reporting end date the charity had outstanding commitments for fijture minimum lease payments under non-cancellable operating leases. which fall due as follows= As restated 2023 2024 Within one year Be￿een and five years In over five years 14,094 55,346 49,299 14,094 55,941 62,766 118,739 132,801 18 Related party transactions Other than as listed in note 9, there are no disclosable related party transactions in the current or prior year. -29-

MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restricted funds The income funds of the charity include restricted fvnds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. Movement in funds Income Expenditure Balance at 1 April 2023 Movement in funds Income Expenditure Balance at 1 April 2022 Balance at 31 March 2024 Academy Fund Capital assets The LEAP Leave the Light On For 30,000 (30,000) 2,126 (1.740) 386 101,883 421.306 (463.930) 59,259 30,000 (30,000) (386} 743,935 {593,385} 209,809 33,265 86.925 (120.190) Collaborative Touring Network Historic England Manningham Stories Transforming Leadership Perform Europe My Creative Local Activate I'm Me The Clore Fellowship 3,429 3,429 8,820 (12,249) 3,500 2,098 6,032 (3.181) (1.070) (6.032) 319 1.028 3,500 7.552 (3.819} (7.500} 1.080 17.292 18,529 48,277 10,000 (7.537) (14,050) {27,200} (10,000} 9.755 4,479 21,077 137,274 553,290 (626.143) 64,421 887,905 (706,126) 246,200 Purposes of restricted funds: Academy The fund was set up in 2002103 to run the annual vocational training programme for adults with a learning disability. In the current year it includes funding from the following source= City of Bradford Metropolitan District Council. Capital Assets Mind the Gap has previously received funds to purchase capital items to further the work of the charity from investors including Arts Council England, ERDF, ESF. the Clothworkers Foundation and the Garfield Weston Trust. This fund represents the value of undepreciated assets. Collaborative Touring Network This fund was set up in 2022123 to run Mind the Gap's involvement in this national touring initiative. In this year it includes funding from the following source.. The Old Courts (lead partner). Manningham Stories This fund was set up to in 2022123 to run a creative engagement project exploring hidden stories in the local area, and to create a unique place marker to celebrate these. In this year it includes funding from the following source.. Historic England. -30-

MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Restricted funds {Continued) The Leap This fund was set up in 2020121 to record income and expenditure connected with this Consortium project, led by Bradford Teaching Hospitals NHS Foundation Trust (the NHS Trust). The Leap project's overall budget is managed by the NHS Trust, who receive all income on behalf of the project, including grant funds from the majority stakeholder Arts Council England Creative People & Places programme. MTG is a Consortium member, and the charity's responsibilities include the employment of The Leap project staff, and the dissemination of fvnds to other organisations, as detemiined by agreed application processes and pr0￿dUreS. The funds managed by MTG on behalf of the project as shown in these accounts have been re￿iVed from the NHS Trust. Transforming Leadership This fund was set up in 2022123 to participate in a nationally significant project that aims to reshape England's cultural leadership to include learning disabled and autistic voices. In this year it includes funding from the following source: Access Al Areas (lead partner). y c￿atiVe Local This fund was set up in 2023124 to run a creative engagement programme in collaboration with local communities and artistic partners in Manningham, Bradford. In this year it indudes ￿ndIng from the following source.. The National Lottery Reaching Communities. Activate This fund was set up in 2023124 to run a creative engagement programme in collaboration with Bradford's Creative People & Places project The Leap. This involves local communities and artistic partners in Manningham, Bradford. In this year it indudes fvnding from the following source= The Leap PioneerAwards. I'm Me This fund was set up in 2023124 for an indusive research collaboration led by YSJU exploring themes of identity, representation, and voice of LDA people 20 Analysis of net assets between funds Unrestricted Restricted Funds funds 2024 2024 Total Unrestricted Restricted Funds funds 2023 2023 Total 2024 2023 Fund balances at 31 March 2024 are represented by.. Tangible assets Current assetsl{liabilities) 16,298 359.641 16,298 605.841 26,631 386,201 386 64,035 27,017 450,236 246,200 375.939 246,200 622.139 412,832 64,421 477.253 31

MIND THE GAP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Cash generated from operations 2024 2023 Surplusl(deficit) for the year 144.888 {140.170) Adjustments for: Investment income Foreign exchange losses Profit on disposal of tangible fixed assets Depreciation of tangible fixed assets (8,327) (2) {1,829) (90) {2,894) 12,441 12,169 Movements in working capital: Decreasel(increasel in debtors (Decreasellincrease in creditors 12,673 (15,607) {47,647) 5,166 Cash generated fromllabsorbed by) operations 145.794 {175.023) The charity had no debt during the current or prior year. 22 Comparative Statement of Financial Activities Unrestricted Restricted funds funds Total 2023 Income and endowments from: Donations and gifts Charitable activities Investments Other income 62,797 765,967 1,829 41,502 62,797 1,319,257 1,829 41,502 553,290 Total income 886,495 553,290 1,439,785 Ex enditure on: Charitable activities 953,812 626.143 1,579.955 Net outgoing resources Other gains or losses (67,317) (90) (72,853) {140,170) (90) Net movement in funds (67,407) (72,853) {140,260) Fund balances at 1 April 2022 480,239 137,274 617,513 Fund balances at 31 March 2023 412,832 64,421 477,253 -32-