Company number: 02350125
Charity NLJmber: 701285
The Market Place (Leeds)
Report and financial statements
For the year ended 31st March 2024

The Market Place (Leeds)
Reference and administrative information
for the year ended 315t March 2024
Company number 02350J25
Charity number
701285
Registered office and operational address
18A New Market Street, Leeds, LSI 6DG
Trustees
Trustees, who are also directors under company law, who served during the year
and up to the date of this report were as follows:
Peter Hall Jones
Chair
Martin Dickson
Vice Chalr
Ellen Horton
Treasurer
Chris Forrest
Helen Murray
Kirsty Wilson
Jane Mischenko
Rev Canon Paul Maybury
Satbinder Soor
Gerry Gillen
Shabnam Anam
Resigned 21st February 2024
Company Secretary
Lisa Mulherin
Chief Executlve
Clerk to the Board
Ren Blackwell
Trustees who held title to property belonging to the charity during the reportlng period or at the date of
approval were., None
Key management Lisa Mulherin
Chief Executive
personnel
Cath Higgins
Finance and Admin Offlcer
Bankers
Unity Trust Bank
Four Brindley Place, Birmingham Bl 2JB
Independent
Examiner
Slade & Cooper Limited
Greenfish Resource Centre, 46-50 Oldham St, Manchester, M4 ILE

The Market Place (Leeds)
Trustees, annual report
for the year ended 31st March 2024
st
The trustees present their report and the unaudited financial statements for the year ended 31 March
2024. Included within the trustees, report is the directors, report as required by company law.
Reference and administrative information set out on page I forms part of this report. The financial
statements comply wlth current statutory requirements, the memoranclum and articles of association
and the Statement of Recommended Practice Accounting and Reporting by Charities,. SORP applicable
to charities preparing their accounts in accordance with FRS 102.
Objectives and activities
The objectives of The Market Place are..
a) To protect and promote the mental and emotional health of young people aged I I to 25 years
and living in Leeds by providing, developing and maintaining free confidential information,
support and counselllng service.
b) To advance the physical, emotional and spiritual wellbeing of young people in Leeds by providing
supportlve help to those aged 11 to 25 and In need.
Actlvities
The Market Place aims to support young people;
a) With their physical, emotional and spiritual wellbeing
b) To p￿vellt life experiences having a continuing negative impact on therr future
c) To develop their own emotional resilience, feel good about themselves and make positive life choices
d) To live safe and secure lives and attain their own goals
e) To provide independent, directly accesslble and free services for young people in Leeds aged l 1 25
f) To provide city centre, city-wide support, information and counselling services to young people
g) To provide a safe and young person friendly environment that supports young people's personal and
social development
h) To provide a range of one to one and group work services whlch are easily accessible, confidential
and flexible to meet young people's individual needs
Public Benefit
The Trustees have referred to the guidance contained in the Charity Commission's general guidance on
public benefit when reviewing the charity's aims and objectives and in planning its future activities. In
particular, the Trustees consider how planned activities will contribute to the aims and objectives that
have been set.
The trustees review the alms, objectives and activities of the charity each year. This report looks at
what the charity has achieved and the outcomes of its work In the reporting period. The trustees report
the success of each key actlvity and the benefits the charity has brought to those groups of people that
it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and
activities remained focused on its stated purposes.

The Market Place (Leeds)
Trustees, annual report
for the year ended 31st March 2024
Achievements and performance
The Market Place's charitable activities focus on young people aged l 1 25 years old who Ilve or study
in Leeds and are undertaken to further the char(table purposes set out earlier in this report (on page 2
and page 3 above) for the public benefit.
The Market Place supported 1,185 indivldual young people aged 11 - 25 years old during the financial
year across all of our in-house services. The Market Place staff worklng on external contracts at Emerge
and Mindmate Leeds added support to further young people, their parents and carers and professionals
working with those young people in their roles.
The charity's performance for the financial year ending 31st March 2024 is set out below for both
Counselling and Youth Work Services.
Counselllng Servlces
st
st
In the financial year l April 2023 - 31 March 2024 counselling services at The Market Place were
delivered by 16 part-time paid counsellors and 2 student placements, plus a counselling management
team of 2 managers.
4,484 counselling sessions were offered from 12 weekly sessions to six months of support in length and
318 individual young people aged 11 - 25 benefited from that support.
250 Fast Access Counselling Support (FACS) sessions were offered and 61 individual young people
benefited from that support. FACS consists of four, weekly 50 minute counselling sessions for a young
person going through a personal crisis,
Counselling contlnues to be delivered in a hybrld way with support available in person, over the
telephone or by video depending on the young person's preferences.
Youth Work Services
5t
st
In the financial year l April 2023 - 31 March 2024 youth work services at The Market Place were
delivered by 6 paid youth workers, 5 volunteers and 2 managers who were 1.7 full time equivalent.
The majority of young people who access The Market Place services do so through Drop In youth work
support, in which a yaung person can talk to a youth worker or youth work volunteer for half an hour
about any issue that is affecting their emotional and mental health. 3-in-I sexual health services are
also delivered by our Youth Work team during Drop In opening hours. The 3-In-I service provides
pregnancy testing, chlamydia and gonorrhoea testing, contraceptive advice and free condoms with the
opportunity to talk to a youth worker for advice and support.
Throughout the year our Drop In continued to be pre-booked via our website following feedback from
young people that they p￿ferred to know that they had an appointment to see a youth worker at a set
time.
1,438 Drop In support sessions were offered in the financial year. 470 individual young people
received Drop In support in person and 243 individual young people received that support over the
telephone.
During the winter of 2023-2024 in response to the Cost of Living Crisis we worked with Leeds City
Council through the Household Support Fund to provide supermarket vouchers to young people who

The Market Place (Leeds)
Trustees, annual report
for the year ended 31st March 2024
were not eating because there was not enough food at home. Vouchers were provided to young people
through Dmp In or for those attending regular counselling sessions through our reception staff.
375 sessions of My Plan support were offered In the financial year. My Plan provides 8 weekly one-hour
se55ions of support for a young person with an experienced youth worker. My Plan supports a young
person to work through the reasons they are struggling with their emotional and mental health and
helps them to develop their own plan to improve their wellbeing and coping strategies. 50 individual
young people benefited from this support during the financial year.
Flnally, 75 individual young people benefited from 39 group work sessions across the flnancial year.
These sessions include themed workshops to understand sleep, anger or anxiety measures that young
people can take to manage these issues in their own lives. Group work sessions also include the young
people's participation group, SHOUT, which enables young people who have experience of using The
Market Place Services to influence the way in which we work and the services we provide.
Emerge contract
The contratt for two experienced senlor TMP youth workers to Emerge, Complex Emotional Needs
service to support young adults aged 18 - 25 years old was extended beyond the financial year
because the Leeds and York Partnership NHS Foundation Trust were so impressed with the contribution
the youth work team have made to their service.
Beneficiaries of our services
1,185 unique young people aged 11- 25 were supported by The Market Place in the financial year l.
Aprll 2023 - 31. March 2024.
The characterlstics of the young people we supported are demonstrated in the equality and diversity
data gathered from the young people who completed an equality monitoring form in the past year. The
Market Place is proud to be a safe and Inclusive space for young people of any ability, gender, sexuality,
faith, religion or ethnic identity.
Thls information, showlng the reach of our services in Leeds, is set out visually in graphs and pie charts
on the following pages.
In addition to the information on the graphs we supported 13 young parents aged 14 - 24 years of age,
30 young carers aged 12 to 20 years old and 35 young people either in local authority care or who were
care leavers during this financial year.
Age Proflle of young people uslng our serv5ces
Support focused primarily on the 11 - 18 age range funded through the NHS Leeds and Leeds City
Council joint contract. That contract also provided funding for 19 - 25s who were care leavers or who
had additional needs. A graph illustrating the age profile of young people using our services is at the
top of the following page.

The Market Place (Leeds)
Trustees, annual report
for the year ended 31st March 2024
Age of young people using our services 1st April
2023 - 31st March 2024
14%
12%
o io%
8%
0%
11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
Age
Gender proflle of young people using our services
In common with most non-gender specific young people's emotlonal wellbeing and mental health
services, the majority of our servlce users identified as female. A third of our servlce users however
identified as male, with 30/0 identifying as non-binary and Iolo as gender fluld.
Gender profile of young people using our
services from 1st April 2023 31st March 2024
Gender Fluld
Non-binary
Male linc trans malel
Female linc trans female)
10% 20%
30%
40%
50%
60%
70%
Percentage

The Market Place (Leeds)
Trustees, annual report
for the year ended 31st March 2024
Ethnlc Identlty of young people using our servlces
The ethnic diversity of young people accessing our services is set out in the pie chart below. 660/0 of the
young people who completed this part of our EDI questionnaire identified themselves as White British.
70/0 identified as Asian (Indian, Bangladeshi, Pakistani or British), 50/0 as Black (African, Caribbean or
British), a further 5010 identified as dual Black and Whlte heritage, a further 2 0/0 as being of dual Asian
and White heritage and 40/0 identified as 'other heritage" most of whom gave Eastern European
heritage in their own words.
Ethnicity of young people using our services from
1st April 2023 - 31st March 2024
Any other white
ethnic identity Black
Gypsv
Roma
Chlnese
White Irish
Oual heritage
A5ian/Whlte
Dual herltage
8lack/White
Other
dual
Not stated herita8
tLI Biltlsh
Other herSta8e
(mostly East
European)
Sexuallty of young people uslng our servlce
We know from local survey data, collected by Leeds City Council's School Health and Wellbeing service
in their annual My Health, My School survey, that rates of poor mental health are much higher among
young people who are LGBTQ+ than amongst their heterosexual and cis-gendered peers.
SEXUALITY OF YOUNG PEOPLE USING OUR
SERVICES
Asexual
LGBTq+
24%
2%
Unsure
4%
Decllned to
answer
4%
Heterosexual
63%

The Market Place (Leeds)
Trustees, annual report
for the year ended 31st March 2024
The Market Place is proud to be a safe space for young people who are LGBTQ+ to access support and
the confidence that the young LGBTQ+ community has in our services is demonstrated in their
representation (240/0) amongst our service users.
Proportion of young people using our servlce who have a disablllty
The annual My Health My School survey in Leeds demonstrates that young people with a disability also
have higher rates of significant mental health concerns than their peers. 180/0 of young people
accessing our support identified as having a disability. A further 60/0 were unsure if they had a disability
(this group would include some young people who were awaiting an assessment for autism and ADHD)
and a further 4010 did not want to say.
Disability profile of young people using our
service
Don't want to say
Unsure
Do not have a dlsability
Have a disabillty
0%
io%
20%
30% 40% 50%
60%
70% 80%
Financial review
Expenditure of £682,358 (2023, £720,577) outstripped income of £606,243 (2023, £683,740) again in
the financial year of I" April 2023 - 31st March 2024.
This financlal year saw a final year of relative income stability for the charity through its main NHS ICB
and local authority contract. Before the financial year ended the charity was advised that it had been
unsuccessful in its bid for a new NHS IC6 contract, because commissioners were seeking early support
services for more young people and chose to award that contract to a national provider instead.
The loss of the NHS ICB contract was a huge blow to the charity's financial security looking forward and
Trustees sought insolvency advice as they considered the charity's future prospects.
It was recognised that the loss of 85 % of the charity's income could not be easily replaced, but a plan
was approved to restructure the charity and work for its survival on a smaller scale in order for it to
ontinue its vital work supporting young people in Leeds and enable it to rebuild over time. That plan
included the establishment of a wholly-owned trading subsidiary to generate income for the charityi the
appointment of fundraising consultants to identify and help to generate applications for foundatlon and
trust grants that the charity would be eligible for and the creation of a crowdfunding campaign.

The Market Place (Leeds)
Trustees, annual report
for the year ended 31st March 2024
It was acknowledged that despite an over-reliance on one large source of income from the main NHS
ICB and local authority contratt, the charity had been well managed financially and held sufficient
reserves to maintain a smaller scale service whilst new sources of income were secured.
Reserves policy
The Trustees policy is that The Market Place should hold financial reserves (the Emergency Operating
Reserve or EOR) because.,
a) Much of its funding Is from sources that are subject to fluctuation from year to year. The bulk of TMP
funding is of a short-term (2 to 3 years) nature. The existence of the EOR secures the
continuity of work as far as possible
b) The EOR provides a level of protection which enables TMP to continue in the event of
unexpected and potentially damaging events.
Trustees revlewed the reserves policy and agreed that to sustain the charitable status of The Market
Place it should retain its policy that the minimum level of the EOR should be in normal circumstances
the equivalent of six month's salary costs calculated and reviewed annually.
At 31st March 2024 the general unrestricted reserves after allowlng for the designated fund were
£260,959 which represents more than 6 months of expenditure on salaries of TMP staff (2023:
£332,789).
Plans for the future
In response to the slgnificant flnanclal challenge set out earlier in this report, The Market Place has
restructured since the end of the financial year. It is diversifylng its income through grant and
foundation trust applications, crowdfunding and crucially through the creation of a wholly owned trading
subsidiary that will revert all proflts back into the charlty for the delivery of free Drop In youth work and
counselling support for young people.
From autumn 2024 The Market Place will be delivering its charitable services through this smaller
structure to one thlrd of the number of young people it supported in 2023124.
Structurei governance and management
The Market Place is a charitable company limlted by guarantee, incorporated on 21st February 1989
and registered as a charlty on 7th March 1989.
The company was established under a Memorandum of Association which established the objettives and
powers of the charitable company and is governed under its Articles of Association. These were
reviewed and updated in 2006 and with the help of Wrigleys Sollcitors were accepted by the Charity
Commission for England and Wales.
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity
in the event of winding up. The total number of such guarantees at 31st March 2024 was £10 (2023.,
£10). The Trustees are members of the charity but this entitles them only to voting rights. The trustees
have no beneficial interest in the charity.

The Market Place (Leeds)
Trustees, annual report
for the year ended 31st March 2024
All trustees give their time voluntarily and receive no benefits from the charity. Any expenses claimed
from the charity are set out in note 9 of the accounts.
Recruitment and appointment of Trustees
The management of The Market Place is vested in a Board of Trustees (who are also directors for the
purposes of company law) and until otherwise determined by a general meeting the members of the
board shall be between ten and fifteen Trustees who must include the following:
a) The Rector of Leeds Minister or his/her representatlve (ex officio);
b) A nominated appointee of the Bishop of Leeds (ex officio);
c) An appointee of the Parochial Church Councll of Leeds Minster (such indivldual to be first approved by
the Trustees) (the "PCC Tru5tee"),' and
d) Up to twelve Trustees appointed by the Trustees In accordance with article 7.4 (the 'appointed
trustees").
The Trustees are the members of The Market Place. The board will always seek to openly recruit
members in accordance with The Market Place's equal opportunities policy.
The Bishop of Leeds will continue to be responsible for administering the winding-up arrangements and
disposal of assets in the event of The Market Place having to close.
All new board members receive an induction into thelr roles and the work of The Market Place. In
addition, new board members are paired with an experlenced board member for thelr first year in role
who acts as a mentor for them.
The board of trustees takes all strategic decisions for The Market Place and has ultimate responsibility
for the finances of the organisation and safeguarding issues.
The day to day runnin9 of The Market Place is delegated to a chief executive officer, Lisa Mulherin and
the management team set out on page l.
Related parties and relationships with other organisations
The Market Place works in partnership with Leeds and York Partnership NHS Foundation Trust with two
youth workers contracted to deliver support in their Emerge Complex Emotlonal Needs Service.
The Market Place has a contract with Leeds Community Healthcare NHS Trust to provide a triage
clinician role one day a week to the Mindmate Single Point of Access.
The charity also works in partnership with the Alphabet Collective, an LBGTQ+ young people's peer
support group and Gendered Intelligence, both of whom are hosted by The Market Place for group
st
St
activities and off ice space respectively. Furthermore during the financial year l April 2023 - 31 March
2024 The Market Place hosted Leeds Mind's THRU young people's peer support group and up until it's
closure on 31, March 2024 The Market Place also hosted the office of Leeds Bereavement Forum.
The CEO of The Market Place stepped down frt)m her mle as a Leeds City Councillor in May 2023,
shortly into the financial year that is covered by this annual report.
The CEO is also the third sector representative on The Leeds Student Medical Practice and The Light
Surgery Local Care Partnership.

The Market Place (Leeds)
Trustees, annual report
for the year ended 31st March 2024
Remuneration policy for key management personnel
The pay and remuneration of all TMP staff including key management personnel is reviewed annually by
the Board of Trustees before approving a budget for the financial year.
Risk management
The Board of Trustees has reviewed the major risks to which The Market Place is exposed and has put
in place systems to mitigate those risks. Risks are monitored and updated at Board meetings and at
Finance Committee meetings throughout the year.
As stated earlier in this report Trustees took advice around the risk of insolvency and approved a plan
th
for the charity to downsize following the loss of the NHS ICB contract which ended on 30 June 2024,
after the financial year set out in this report.
The charity remains a golng concern and investment ha5 been made to secure new sources of income.
Fundraising
A number of individual donors made contributions to the charity and donations were also made from
events run across the year by Tingley Methodist Church
The charity appointed fundraising consultants from The Fair Collective at the end of the financial year
covered in this report, to assist wlth diversifying our income, developing a plpeline of funding
applications, a fundraising strategy and the drafting of funding bids to a range of trusts and
foundations.
Statement of responsibilities of the trustees
The trustees (who are also directors of the charitable company for the purposes of company law) are
responsible for preparing the trustees, annual report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a
true and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expenditure, of the charitable company for that
period. In preparing these financial statements, the trustees are required to..
Select suitable accounting policies and then apply them consistently
Observe the methods and prtnciples in the Charities SORP
Make judgements and estimates that are reasonable and prudent
State whether applicable UK Accounting Standards and statements of recommended practice have
been followed, subject to any material departures disclosed and explained in the financial
Statements
Prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in operation
io

The Market Place (Leeds)
Trustees, annual report
for the year ended 31st March 2024
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's webslte, Legislation in the United Kingdom governing
the preparation and dissemlnation of flnancial statements may differ from legislation in other
jurisdictlons.
Approval of the Trustees Annual Report
Slade & Cooper Ltd were re-appointed as the charitable company's accountants at the Board's AGM on
17 September 2024 and have expressed their willingness to continue in that capacity.
This report has been prepared in accordance with the provisions appllcable to companies subject to the
small companies, regime of the Companies Act 2006.
The trustees, annual report has been approved by the trustees on 05
behalf by
11 2024 and signed on their
Chris Forrest
Ellen Horton
Chair of the Board of Trustees
Treasurer
li

## Independent examiner’s report 

## to the members of 

## The Market Place (Leeds) 

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2024 which are set out on pages 13 to 30. 

## **Responsibilities and basis of report** 

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Jennifer Daniel FCCA DChA Association of Chartered Certified Accountants Slade & Cooper Ltd Beehive Mill Jersey Street Manchester M4 6JG 

Date 14 November 2024 

12 



The Market Place (Leeds)
Statement of Financial Activities
(including Income and Expenditure account)
for the year ended 31 March 2024
Unrestricted
funds
Restricted
funds
Total funds
2024
Total funds
2023
Note
Income from:
Donations
10,946
10,946
3,927
Charitable activities
507,912
78,841
586,753
673,689
Other trading activitles
7,689
7,689
5,325
Investment income
855
855
799
Total Income
527,402
78,841
606,243
683,740
Expendlture on:
Charitable activities
597,949
84,409
682,358
720,577
Total expenditure
597,949
84,409
682,358
720,577
Net Income/(expendlture)
before net gains/(losses) on
Investments
(70,547)
(5,568)
(76,115)
(36,837)
Unrealised galns/(losses) on
investments
2,175
2,175
(1,301)
Net Income/(expendlture) for
the year
(68,372)
(5,568)
(73,940)
(38,138)
Transfer between funds
(2,568)
2,568
Net movement In funds for the
year
(70,940)
(3,000)
(73,940)
(38,138)
Reconciliatlon of funds
Total funds brought forward
362,294
3,000
365,294
403,432
Totsl funds carried forward
291,354
291,354
365,294
The statement of financial activities includes all gain5 and losses recognised in the year,
All income and expenditure derive from continuing activities,
A full comparative SOFA is available on the last page of the financial statements.
13

The Market Place (Leeds)
Company number 02350125
Balance sheet as at 31 March 2024
Note
2024
2023
Fixed assets
Tangible assets
Investments
14
1,285
28,220
15
30,395
Total fixed assets
30,395
29.505
Current assets
Debtors
Cash at bank and in hand
Is
29,072
359,156
72,823
413,902
Total current assets
388,228
486, 725
Liabillties
Creditors: amounts falling
due in less than one year
(127,269)
(150, 936)
Net current assets
260,959
335,789
Total assets less current Ilabllltles
291,354
365,294
Net assets
291,354
365,294
The funds of the charlty:
Restricted income funds
Unrestricted income funds
18
3, 000
362,294
19
291,354
Total charlty funds
291,354
365,294
For the year In questlon, the company was entltled to exemption from an audlt under section 477 of
the Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required the company to obtain an audit of its accounts for the year In
question In accordance with section 476,
The directors acknowledge their responsiblllties for complying with the requirements of the Act
with respect to accounting records and the preparation of accounts.
These accounts are prepared in accordance wlth the special provisions of part 15 of the Companies
Act 2006 relating to small companies and constitute the annual accounts required by the Companies
Act 2006 and are for circulation to members of the company.
The notes on pages 16 to 30 form part of these accounts.
Approved by the tr
stees on 05
11 2024 and signed on their behalf by:
Chris Forrest
(Chair of the Board of Trustees)
Ellen Horton
(Treasu rer)
14

The Market Place (Leeds)
Statement of Cash Flows
for the year ending 31 March 2024
Note
2024
2023
Cash provlded by/(used in) operating activitie 22
(55,601)
(91,263)
Cash flows from investing activities..
Dividends, interest, and rents from investments
Purchase of tangible fixed assets
855
799
Cash provided by/(used in) Investing activlties
855
799
Increase/(decrease) in cash and cash
equivalents in the yea r
(54,746)
(90,464)
Cash and cash equivalents at the beginning of the year
413,902
504,366
Cash and cash equlvalents at the end of the year
359,156
413,902
15

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024
Accountlng policies
The principal accounting policie5 adopted, judgments and key sources of estimation uncertainty
in the preparation of the financial statements are as follows..
a Basis of preparatlon
The financlal statement5 have been prepared In accordance with Accounting and Reporting by
Charities: Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reportlng Standard applicable in the UK and Republlc of
Ireland {FRS 102), second edition
October 2019 (Charities SORP (FRS 102)), the Flnancial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies
Act 2006 and UK Generallv AcceDted Accountina Practice.
The Market Place (Leeds) meets the definition of a public benefit entity under FRS102. Assets
and liabilities are inltially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy note.
b Preparatlon of the accounts on a golng concern basis
The trustees consider that there are no material uncertalntles about the charitable company's
ability to continue as a going concern.
There are no key judgments which the trustees have made which have a signiflcant effect on
the account5.
The trustees do not consider that there are any sources of estlmation uncertainty at the
reportlng date that have a slgnlflcant rlsk of causlng a materlal adjustment to the carrying
amount of assets and liabilities within the next reporting period.
16

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024 (continued)
c Income
Income 15 recognised when the charity has entitlement to the funds, any performance
conditions attached to the item(s) of income have been met, it Is probable that the income will
be received and the amount can be measured reliably.
Income from government and other grant5, whether 'capital' grants or 'revenue' grants, is
recognised when the charity has entitlement to the fund5, any performance conditions
attached to the grants have been met, it is probable that the income will be received and the
amount can be measured reliably and is not deferred.
For legacies, entitlement is taken as the earlier of the date on which either: the charity Is
aware that probate has been granted, the estate has been finalised and notification has been
made by the executor(s) to the charity that a distribution will be made, or when a distribution
is received from the estate, Receipt of a legacy, in whole or in part, is only considered
probable when the amount can be measured rellably and the charlty has been notifSed of the
executor's intention to make a distribution. Where legacies have been notified to the charity,
or the charity is aware of the granting of probate, and the criteria for income recognition have
not been met, then the legacy is a treated a5 a contingent asset and disclosed if material,
Encome received In advance of a provlslon of a specifled service Is deferred until the criteria for
income recognition are met.
d Donated servlces and facllities
Donated professional servlces and donated facilities are recognised as income when the
charity has control over the item, any conditions associated with the donated item have been
met, the receipt of economic benefit from the use by the charity of the item is probable and
that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS
102), general volunteer time Is not recognlsed, refer to the trustees, annual report for more
information about their contribution.
On receipt, donated professional services and donated facilities are recognlsed on the basis of
the value of the gift to the charity which is the amount the charity would have been willing to
pay to obtain services or facilities of equivalent economlc beneflt on the open market; a
correspondi ng amount is then recognised in expenditure in the period of receipt.
e Interest recelvable
Interest on funds held on deposit Is included when receivable and the amount can be
measured reliably by the charity; this is normally upon notification of the interest paid or
payable by the Bank.
17

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024 (continued)
f Fund accounting
Unrestricted funds are available to Spend on actlvitles that further any of the purposes of
charity,
Designated funds are unrestricted funds of the charity which the trustees have decided at their
discretion to set aside to use for a speclfic purpose.
Restricted funds are donations which the donor has specified are to be solely used for
particular areas of the charity's work or for specific projects being undertaken by the charity.
g ExpendlturE and Irrecoverable VA T
Expenditure Is recognlsed once there Is a legal or constructive obligation to make a payment
to a third partyi It is probable that settlement will be required and the amount of the
obliqatlon can be measured reliablv.
Irrecoverable VAT Is charged as a cost agalnst the actlvlty for which the expenditure was
incurred,
h Operating leaseg
Operatlng leases are leases In whlch the title to the assets, and the rlsks and rewards of
ownershlp, remain with the lessor. Rental charge5 are charged on a straight Ilne basis over the
term of the lease.
l Allocatlon of support costs
Support costs are those functions that 35SlSt the work of the charity but do not directly
undertake charitable activities. Support costs include back office costs, finance, personnel,
p3yroll and govern3nce costs which support the charity's programmes and activities. The
charity's only activlty Is direct charitable activity and support Costs have been allocated to
expenditure on charitable activlties.
Tanglble flxed assets
Indlvidual fixed assets costlng £1, 000 or more a re capitalised at cost and are depreciated over
their estimated useful economic lives on a straight Ilne basis as follows..
Premises improvements
Office fixtures and equipment
10 years
4 years
k Flxed asset investments
Investments are a form of basic financial instrument and are initially recognised at their
transaction value and subsequently measured at their fair value as at the balance sheet date
using the closing quoted market price. The statement of financial activities includes the net
9aln5 and losses arlsln9 on revaluation and disposals throu9hout the year.
The Charlty does not acquire put options, derivatives or other complex financial instruments.
18

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024 (continued)
k Fixed asset investments (continued)
The main fomi of financial risk faced by the chartty is that of volatllity in equity market5 and
investment markets due to wider economic conditions, the attitude of investors to investment
risk, and changes in sentiment concerning equitie5 and within particular sectors or sub
sectors.
l Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
m Cash at bank and In hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a
short maturity of three month5 or le55 from the date of acquisition or opening of the deposlt or
similar account.
n Credltor$ and provlslons
Creditors and provlslons are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the
amount due to settle the obligation can be measured or estimated reliably. Creditors and
provisions are normally reco9nised at thelr settlement amount after allowing for any trade
discounts due.
o Flnanclal Instruments
The charity has only financial assets and financial liabilities of a klnd that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value
and subsequently measured at their settlement value with the exception of bank loans which
are subsequently measured at amortised cost using the effective interest method.
p Penslons
The charity offers a defined contribution pension scheme to employees who are eligible
through auto-enrolment with NEST. The charity ha5 no obligations under the scheme other
than its contributions which are expensed as they become due.
Legal status of the charity
The charity is a company limited by guarantee registered in England and Wales and has no share
capital. En the event of the charity being wound up, the liability in respect of the guarantee is
limited to £1 per member of the charity. The registered office add￿$$ is disclosed on page l.
19

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024 (continued)
Income from donations and legacies
Current reporting perlod
Unrestricted
Restricted
Total 2024
Total 2023
Donations
10,946
10,946
3,927
Total
10,946
10,946
3,927
Prevlous reportlng period
Unrestricted
Restricted
Total 2023
Donations
3,927
3,927
Total
3,927
3,927
Income from charltable actlvltles
Current year
Unrestricted
Restricted
Total 2024
CCG/LCC Jolnt CommIss￿OnIng
Leeds and York Partnership NHS
Foundation Trust
John Lewi5
Household Support Fund
B&Q Foundation
Trinity Grant
Secondments
BUPA Foundation
475,488
475,488
78,841
78,841
900
3,720
7,488
2,000
8,316
10,000
900
3,720
7,488
2,000
8,316
10,000
Total
507,912
78,841
586,753
Prevlous year
Unrestricted
Restrlcted
Total 2023
CCG/LCC Joint Commissioning
National Lottery Community Fund
Leed5 and York Partnership NHS
Foundation Trust
Ifs Leeds
Secondments
Screwfix Foundation
473, 056
473,056
77,306
77,306
73,953
37,222
73, 953
37,222
7,152
5,000
7,152
5,000
Total
485,208
188,481
673,689
There were no unfulfilled conditions and contingencies attaching to the grants.
20

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024 (continued)
Fees and other income
2024
2023
Room hire
7,689
5,325
7,689
5,325
All income from other trading activities is unrestricted.
Investment Income
2024
2023
Income from investments
855
799
855
799
All income from investments is unrestricted.
Analysls of expendlture on charltable actlvltles
Total 2024
Total 2023
Staff costs
Accommodation
Training and supervision
Travel and volunteer expenses
Administration
Project costs
Depreciation
541,388
73,684
23,207
6,906
35,773
115
1,285
552,408
71,052
21,671
4,013
38,498
260
32,675
682,358
720,577
All support costs have been allocated to d1￿ct charitable actlvity.
2024
2023
Restricted expenditure
Unrestricted expenditure
84,409
597,949
205,481
515,096
682,358
720,577
21

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024 (continued)
Net income/(expenditure) for the year
2024
2023
This is stated after charging/(crediting)'.
Depreciation
Operating lease rentals: property
1,285
34,141
32,675
34,140
Independent examlner's remuneratlon
2024
2023
Independent examiner's remuneration.,
Accountancy
Independent examination
1,700
500
1,700
500
2,200
2,200
10 Staff costs
2024
2023
Wages and salarles
Soclal securlty costs
Employer's pension contributions
Payroll bureau fees
501,101
27,180
8,033
5,074
507, 902
32,064
8,013
4,430
541,388
552,409
No employee has employee benefits in excess of £60,000 (2023., NII).
The average number of staff employed during the period was 32 {2023: 32).
The average full time equivalent number of staff employed during the period was 17 {2023', 18}.
The key management personnel of the charity comprise the trustees and the Chief Executive. The
total employee benefits of the key management personnel of the charity were £49,241 (2023,,
£48,313).
11 Trustee remuneratlon and expenses, and related party transactions
Neither the trustees nor any persons connected with them received any remuneration during the
year (2023.. Nil),
No trustee received travel and subsistence expense5 during the year (2023: £nil).
There are no donations from related parties.
No trustee or other person related to the charity had any personal interest in any contract or
transaction entered into by the charity, including guarantees, during the year.
22

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024 (continued)
12 Government grants
The government grants recognised in the accounts were as follows..
2024
2023
CCG/LCC Joint Commissioning
CCG Fast Access Counselling
NHS West Yorkshire ICB (Previously Leeds CCG)
474,488
473,056
73, 953
37,222
474,488
584,231
There were no unfulfilled conditions and contingencies attaching to the grants.
13 Corporatlon tax
The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the
Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the
extent that these are applled to Its charitable objects. No tax charges have arlsen in the charity.
14 Flxed assets: tangible assets
Leasehold
mprovements
Office
equipment
Total
Cost
At l April 2023
Additlons
Disposals
312,663
16,977
329,640
At 31 March 2024
312,663
16,977
329,640
Depreciation
At l Aprll 2023
Charge for the year
Dlsposals
312,663
15,692
1,285
328,355
1,285
At 31 March 2024
312,663
16,977
329,640
Net book value
At 31 March 2024
At 31 March 2023
1,285
1,285
23

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024 (continued)
15 Investments
2024
2023
Market value at the start of the year
Additions
Add net gain/{ loss) on revaluation
28,220
29,521
2,175
(1,301)
Market value at the end of the year
30,395
28,220
Investments at fair value comprlsed..
Equities
Fixed interest securltles
21,757
8,638
19,952
8,268
30,395
28,220
Investments are all carried at falr value and are all traded in quoted public markets.
16 Debtors
2024
2023
Trade debtors
Prepayments and accrued Income
18,095
10,977
47,828
24,995
29,072
72,823
17 Creditors: amounts falling due within one year
2024
2023
other creditors a nd accruals
127,269
150, 936
127,269
150,936
24

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024 (continued)
18 Analysis of movements in restricted funds
Balance at
l April
2023
Balance at
31 March
2024
Current year
Income
Expenditure
Transfers
Crematory
Management
Leeds and York
Partnership NHS
Foundation Trust
3,000
(3,000)
78,841
(81,409)
2,568
Total
3,000
78,841
(84,409)
2,568
Restricted fund
Descrlption. nature and purposes of the fund
Crematory management income generated through the recovery of special
metals and donated to support the bereavement service.
Funding the secondment of youth work staff to the Complex Emotional
Needs Service, (EMERGE) previously known as the Leeds Personallty
Disorder Managed Clinical Network.
Crematory
Management
Leeds and York
Partnership NHS
Foundation Trust
25

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024 (continued)
18 Analysis of movements in restricted funds (contd)
Balance at
l April
2022
Balance at
31 March
2023
Previous year
Income
Expenditure
Transfers
The National Lottery
Community Fund
Crematory
Management
Leeds and York
Partnership NHS
Foundation Trust
NHS WEST
YORKSHIRE ICB
(Prevlously Leeds
CCG)
5,000
77,306
(82,306)
15,000
(12,000)
3,000
73, 953
(73, 953)
37,222
(37,222)
Total
20,000
188,481
(205,481)
3, 000
26

The Market Place (Leeds)
Notes to the account5 for the year ended 31 March 2024 {continued)
19 AnalysFs of movement In unrestrlcted funds
Balance
at l April
2023
Transfers/
revaluation
Asat31
March 2024
Current year
Income
Expenditure
General fund
Investment reserve
Designated fixed
assets fund
332,789
28,220
529,577
(597,949)
{3,458)
2,175
260,959
30,395
1,285
(1,285)
362,294
529,577
(597,949)
(2,568)
291,354
Unrestrlcted fund Descriptlon, nature and purposes of the fund
General fund
The free reserves after allowing for all designated funds.
Investment reserve This represents the value of Investments held and are excluded from free
reserves as they are not immediately avallable to spend on charltable
objectives.
Designated fixed
assets fund
The premlses and equipment a￿ essentlal for the future operatlon of the
charlty and so are excluded from free resetves.
Balance
at l April
2022
Asat31
March
2023
Transfers/
valuatlon
Prevlous year
Income
Expenditu
General fund
Designated fixed
assets fund
Revaluation reserve
319,951
493, 958
(515,096)
33,976
332, 789
60,836
2,645
(32,616)
(1,360)
28,220
1,285
383,432
493,958
(515, 096)
362,294
27

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024 (continued)
20 Analysis of net assets between funds
General
fund
Designated
funds
Restricted
funds
Current year
Total
Tangible fixed assets
Fixed asset investments
Net current a55ets/(liabilities)
30,395
30,395
260,959
260,959
Total
260,959
30,395
291,354
General
fund
Designated
funds
Restricted
funds
Prevlous year
Total
Tanglble fixed assets
Fixed asset investments
Ivet current assets/{/iabl//t/es}
1,285
28,220
1,285
28,220
335, 789
332, 789
3,000
Total
332, 789
29,505
3,000
365,294
28

The Market Place (Leeds)
Notes to the accounts for the year ended 31 March 2024 (continued)
21 Operating lease commitment5
The charity's total future mini mum lease payments under non-cancellable operating leases is as
Property
Property
2024
2023
Less than one year
One to five years
Over five years
39,750
168,000
411,000
39,750
168,000
450, 750
618,750
658,500
22 Reconclllatlon of net movement in funds to net cash flow from operating actlvitles
2024
2023
Net income/(expenditure) for the year
Adjustments for:
Depreciation charge
Donatlon of investments
(Ga ins)/losses on Investments
Dividends, Inte￿St and rents from investments
Decrease/{i ncrease) in stock
Decrease/(i ncrease) in debtors
Increase/(decrease) in creditors
(73,940)
(38,138)
1,285
32,675
(2,175)
(855)
1,301
{799}
43,751
(23,667)
(62,272)
(24,030)
Net cash provlded by/(used In) operatlng
actlvltles
(55,6011
(91,263)
29

The Market Place (Leeds)
Statement of Financial Activities
(including Income and Expenditure account)
for the year ended 31 March 2023
Unrestricted
funds
Restricted
funds
Total funds
2023
Total funds
2022
Note
Income from..
Donations
3,927
3,927
22,194
Charitable activities
485,208
188,481
673,689
589,318
Other tradlng actlvlties
5,325
5, 325
4,049
Investment income
799
799
810
Total Income
495,259
188,481
683,740
616,371
Expenditure on..
Charitable activlties
515,096
205,481
720,577
666,031
Total expendlture
515,096
205,481
720,577
666,031
Net income/(expenditure)
before net gains/(losses) on
Investments
(19,837)
(17,000)
(36,837)
(49,660)
Unrealised gains/(losses) on
investments
(1,301)
(1,301)
627
Net income/(expendlture) ftir
the year
(21,138)
(17,000)
(38,138)
(49,033)
Transfer between funds
Net movement In funds for the
year
(2J,138)
(17,000?
(38, 138)
(49,033)
Reconclllatlon of funds
Total funds bmught forward
383,432
20,000
403,432
452,465
Total funds carrled forward
362,294
3,000
365,294
403,432
30