Finance Score: -3

Governance Score: 9

Support Score: 14

Poor Liquidity: -1
Deficit on unrestricted reserves: -2
Strong growth: +2
Deficit latest year: -2

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +14

Overall GiG Score: 20

LEEDS CULTURE TRUST

Leeds Culture Trust is the independent charity that will deliver a five-year cultural programme culminating in a year of celebration in 2023 for the city of Leeds and the surrounding area.

Analysis by Giving is Great

Positives:

There has been strong growth in spending since inception
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
One or more trustees receive payments or benefits from the charity for providing services to the charity

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
There was a deficit on unrestricted reserves of £88,874 at the last year end after deducting the value of own use assets
Income was lower than spending in the latest year

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	£8,049	£9,002	£-954	£0	£2,007	£-89	-0.1	59	275
31/03/22	£3,226	£2,515	£711	£0	£2,961	£2,265	10.8	23	0
31/03/21	£2,083	£1,107	£976	£34	£2,250	£2,141	23.2	7	0
31/03/20	£1,488	£215	£1,274	£0	£1,274	£1,274	71.2	2	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £100,000-£110,000
Liabilities/Assets: 32%
Liabilities/Income: 12%
Unrestricted Funds/Total Funds: -4%
Reserves/Spending: -0.1 months
Net Current Assets/Spending: 3 months
Quick Ratio: 0.2

Asset Split ?

Established: 5 years
(7 years as a company)

leeds2023.co.uk

info@leeds2023.co.uk

0113 511 2023

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Grant-making foundations

How it operates

Acts as an umbrella or resource body
Makes Grants to Individuals
Makes Grants to Organisations
Provides advocacy/advice/information
Provides services

Where it operates

Leeds City,

Who it helps

Other Charities Or Voluntary Bodies
The General Public/Mankind

Who works here?

59 employees
275 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

National Lottery Heritage Fund	£2,499,952
Esmee Fairbairn	£317,734
National Lottery Community Fund	£250,194
Spirit of 2012	£249,950

Specific Donations

Amount	When Months	To be used for
Spirit of 2012 - Shared Cultural Futures
£249,950	12/07/2023	This project brings two major event organisers to collaborate through learning and share knowledge with each other and key stakeholders within each city. Final amount of grant dispersed may differ ....more This project brings two major event organisers to collaborate through learning and share knowledge with each other and key stakeholders within each city. Final amount of grant dispersed may differ due to project underspend and within agreed tolerance.
Esmee Fairbairn - Grant to Leeds Culture Trust
£28,885	13/02/2023	Towards unrestricted core costs as a Cost of Living Uplift
Paul Hamlyn Foundation - My Leeds
£25,000	18/01/2023	Leeds 2023 is delivering a ground-breaking year of culture for Leeds and the wider region. Their mission is to deliver transformational creative experiences that connect and benefit people now and ....more Leeds 2023 is delivering a ground-breaking year of culture for Leeds and the wider region. Their mission is to deliver transformational creative experiences that connect and benefit people now and into the future. This grant underpins My Leeds, a two-year project co-created with and led by communities across Leeds. Working across 33 wards, My Leeds celebrates the diversity and complexity of cultural participation by enabling communities to take a lead on designing their own local cultural offer.
National Lottery Community Fund - LEEDS 2023: Children’s Day
£250,194	16/12/2022	deliver a series of artistic sessions and creative work with children across Leeds which will culminate with Children’s Day 2023. This innovative venture will empower children and young people to ....more deliver a series of artistic sessions and creative work with children across Leeds which will culminate with Children’s Day 2023. This innovative venture will empower children and young people to take the lead for one day of celebration connection and play. The project aims to connect young people across Leeds holding an inclusive and accessible space to amplify voices and share the creativity of young people across their communities.
The Foyle Foundation - Arts
£30,000	29/11/2022	towards delivery of community youth project, Children's Day and associated activities across 2023, part of LEEDS 2023
Leeds Community Foundation - Grant to Leeds Culture Trust
£23,000	23/02/2022 4	We are requesting £23,000 match funding towards an Arts Council National Lottery Project grant, that will allow LEEDS 2023 to develop and deliver a project that will commission 23 artists to ....more We are requesting £23,000 match funding towards an Arts Council National Lottery Project grant, that will allow LEEDS 2023 to develop and deliver a project that will commission 23 artists to experiment with co-creation and ways of working post-pandemic, to enrich the creative voice within the heart of Leeds’ communities.
Esmee Fairbairn - Grant to Leeds Culture Trust
£288,849	14/12/2021	Towards core costs for Leeds 2023 to support its approach to community co-creation, creative learning, children and young people, skills and capacity building
National Lottery Heritage Fund - Grant to Leeds Culture Trust
£2,499,952	23/09/2021	Leeds 2023

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Based on 5/6 persons

Age Range of Trustees: 34-70

CHRISTOPHER JOHN BROWN Appointed: 2023, Occupation: Company Director

CLLR JONATHAN DAVID PRYOR Appointed: 2021, Occupation: City Councillor, Other trusteeships: FRIENDS OF OPERA NORTH, OPERA NORTH LIMITED,

BARBARA WORONCOW MA FMA OBE Appointed: 2017, Other trusteeship: THE COOK MUSEUM TRUST,

CLLR DANIEL ANDREW COHEN Appointed: 2021, Occupation: City Councillor, Other trusteeship: THE FRIENDS OF BRODETSKY,

PROF FRANCIS JAMES FINLAY Appointed: 2019, Occupation: University Academic, Other trusteeships: Word Up North Limited, SKIPTON MUSIC, NATIONAL POETRY CENTRE,

SHARON LOUISE GLADISH Appointed: 2019, Occupation: Chartered Accountant

Legal constitution

Charitable company registered in England & Wales on 13/08/2019, number: 1184883
Registered at Companies House on 16/03/2017, number: 10674601

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

4 returns made; all on time

Main office

Leeds Culture Trust
Third Floor, 10 South Parade
LEEDS
LS1 5QS

Objectives

FOR THE PUBLIC BENEFIT:1. TO ADVANCE THE EDUCATION OF THE RESIDENTS OF LEEDS AND SURROUNDING AREAS IN THE ARTS, CULTURE AND HERITAGE.2. TO PROMOTE THE ARTS, CULTURE AND HERITAGE, IN PARTICULAR BUT NOT EXCLUSIVELY BY:A) ENCOURAGING PARTICIPATION AND INCLUSION; ANDB) SUPPORTING CHARITIES, ARTS ORGANISATIONS AND OTHER NOT FOR PROFIT BODIES AND INDIVIDUALS ENGAGED IN THE PROVISION OF ARTISTIC, CULTURAL AND HERITAGE ACTIVITIES AND EVENTS.

Data Sources