NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST FINANCIAL STATEMENTS 31 AUGUST 2020 Charity Number 1076867 FAWLEY JUDGE & EASTON Chartered Certified Accountants 1 Parliament Street Hull HU124S
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2020 CONTENTS PAGE Trustees. Annual Report Report of the Independent Examiner Statement of financiaI activities Balance sheet Notes to the financial statements
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST TRUSTEES, ANNUAL REPORT YEAR ENDED 31 AUGUST 2020 The trustees present their report and th¢ UDaudtted financial statements of the charltv for the ycar ended 31 Augiist 2020. REFERENCE AND ADMINISTRATIVE DETAIIS Registered chgrity name Northern A¢m) of Performing Arts Edu¢Xiot)al Tn Charity registration Dumber 1076867 Principal office 50 Anlabv Rid Kingston upon Hull HUI 2PD The trustees The trustees who seryed during the )'ear Vfrre as ftjlloivs: Peter Duffield (Chair) Naomi Bedworth Ivice-chair) Henrietta Ducknvorth Andreii kn"ngston CIUAS Gruca John NetheThvood TonN" Th"ckens Alan Deller (resigued Sq)tember 2019) llldependellt uaminer Fall'1" Judge & Easton I Parliament Street Hull HLs12AS Bankers Barcla Bank PIC 32 Pwon Square Hull HUI 3QT Solicitors Gosscha]ks Quccns Gardcns Hull HUI 3DZ
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST TRUSTEES, ANNUAL REPORT (cone) YEAR ENDED 31 AUGUST 2020 STRUCTiJRE, COVERNANCE AND MANAGEMENr Nature of Governing DocumcDt and collstitutioll of thc chaTity The trnst is constituted bj l)eed of Trust dated 12 Maj 1998 ameDded bv special tesolutions dated 25 July 1999 and 29 June 2006. It is registered as a clwitN" 1th the CR)arikn. CommÈssion. Appointment of tmstees Tne£S are elected for a periiMI of 3 YLWS on a rollitig baqis. Trustees are nominated to serve on the board bv recommendation of currendy serving trustees. If the board agrees to the nominatio the candidate AS invited to serve on the boar(L Trust<% induction and ti2ining There is no fornul traming providcd by the cbarity as most trustces arc alrV familiar with the practical work of the trust. Th¢ rolc is fornd]y discusscd iT¢lth an cxisting serying Inee. for nV tSte¢S to familiarise tbemselves. . Organtsation The ch2rity' has a board of trUstL that meets regularl). and is responsible for th¢ strategic direction and policv of th¢ trust's worL Thc trust cmp10Tr5 scvcral wotkets to ivhom the trustees delegate thc day to day rc5ponsibility for dic provision of serviS. including artistic developmenL pr1xluctlo teachin8 and administration. Regular staff meetmgs occui thrghOut the )'ear. Related parties Thc trust docs not havc any close relattOL8hips with anv other group or paTty' operaling entirely on its own. All classes aud perfornwices are advertisd l¢)cally within schools and other council premises. Risk maDagem¢nt . An annual reNTrew of the risks the trust may faco. - Thc establi5hmeEtt of St¢S alld pi(Kedures to mitigatc thosc Tisks identificd in the plan; - The implementation of procedur&4 desi8ned to miniDW¢ anj pot¢ntJal impact on the clwAty should those risks mateIiaiise. This work IMS identified only a few minor new TÉsks, but it h&8 resuhed in better emergencv procedures and contingencv plans and bas vell the IM for better planning. Particular attention has focused on non-finaticjal risks aristng from fire. health and safd), and management of pcrforniing rights. A kc!. clemcnt in thc management of financ1 risk is the detailed contro15 and sy5tsn that prcvail lthIll thc trLiSt. OBJECTIVES AND ACTIVITIES The objectives of the charity are to foster. ¢nwurJg¢ and provide opportunities for people of all ages to participate increase their coDfiden¢e and enjoy being involved in creative performing arts actsvities. Trustee5 bave complied iTrith the dutv in section 4 of the cban.ties Act 2006 to have due regard to pubhc b¢ncfit &8 pubbshed by the Chanties Commission.
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST TRUSTEES. ANNUAL REPORT YEAR ENDED 31 AUGUST 2020 ACHIEVEMENfs AND PERFORMANCE The trust's activities were severely inipacted b). the Covid-19 pandemic. Our CEO. Carl Wh¢ad¢y. summarised the yr as folloiys.. "In a 'nornMI' vear, NAPA offers almost 100 classes foT all ages across any given week. We atso iTro in dozcns of local piimaT)' scb(K)Is offerillg Musical Thsatre tuÉtion as part of our school outreach worl and w'e stage pla!s and musicajs in our oivn 125-seater theatrc. We're also knoThm for our outstanding dance tuition and manTr of our fornier pupils have gone on to haN'¢ incrtxlible &7reers iu danK drama and West End musicals, and we are proud of eath and every one of our voung pcoplc. Wc currend}' have former pupils in eveTr major drama and dance school in London including RADA LAMDK Guildhall School of Music and Drami Central School. Guildford School of Actin& Mountview Theatre Art5, ALR and man!. more. Our oveTall nL however. is to inspire self-confidcnce. communicaiion skills a1 self-Tr4'0rth in thc 650 cbildr¢n m.ho all¢nd our Clas and to sure tbev're learning new skills in a safe environment led b}, industry Professionals. Of cour5c, this ilas far from a norn]al vw. Ll(¢ many arts OTganisatsoDs. we were completely knocked off our feet by the global pandcmic. We had to close 17th March 2020 due to coronaTr7rn5 restrictions and our incom¢ stopped overnight. All work in local sch(K>]s also came to an abrupt C1. - Our l'ear rurAS alongside the academic N'ear and li'e did njanage to open for a fcTh' w¢¢ks but had to run a rcduccd ts"mctablc duc to rcstrictions placed on class sizes, social distancing and use of our buildi. We were also unable to stsge ani. musi(2ls or plaS in our in-house thLth for the period of natt.onal lockdoilm. Our n]ain pr(Kluction at Hull Tru¢k (Grease) lias reschcduled twice before ultimatelv being cancelled. Our home is a Grade 2 listed heritage building and our ftN¢d costs didn't rcduc¢ during th¢ ¢nfoTc¢d closure. We are also VCT)" proud of the fact that SIC S%fFe able to look after our people during thc pandemic. The vast majonty of our freelance staff havc continued to bc paid alongside our SaIAcd staff ilho wcrc fjjrloughcd. Wc'rc dch'gbtcd tb2t 0xtrclyIalctcd team were available to come back th¢ moment w'e iiere alloii'ed to open our doors. During th¢ lockdo1 M'c offercd a full PTogTammc of remotr learning- all free to our CUTrent members, in dance, drama and musi(21 tb¢atre. Th¢ feedback from parents Incrlb1¢- many describing our work during Covid-19 as 'Eife5alg. for their children. As an organisats.on ive are coLstantl)' punching alx)ve our ilAeight an(L like many others, we've found it frustrating that the momenturn 'd buiFt up bas been hait¢d so abruptlv, but ivith support from the Arts Council's Culture Recovery Fund and Hull Ctty, c(Kll11 ive've managed to brcathe, regroup and l(K)k to the futllre. This is my second )wat NAPA and I remain full of praisc for th¢ higb standards of pr(NJucti teaching sLqndard4 attention to detsil and inclusivity wbi¢h arc atthe h¢art of eVeTr¢hg the aeadtsmy produces." FINANCIAL REVIEW Thc annual accoullts shoiy a dcficit of £120.249 (2019 deficit £6i,229) with a totsl cumulativo surplus of £522,804 (2019 surplus of £643,053) Investment Pois'ers The charitv has the poTher to make any investment that the trus see fiL Reserves PolicN' The trnstccs considcr that a level of rescTVCS requir¢d in order for the charity to opetate at its cutrent Icvcl of activitv h&s noiv been attained. The acttl rcscrves at 31 August 2020 were in sutplus by £522,804.
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST TRUSTEES. ANNUAL REPORT(c( YEAR ENDED 31 AUGUST 2020 PLANS FOR FUTURE PEIUODS The AcadLmv ambitious p]2DS in 2021 atd beyond to increase (r collalx)Tativc working, tske { productlons out of NAPA more and to offer more places at NAPA for children couldn't otherwisc attend due to financial c0knI through our bursaTh" scheme. Non¢ of these plans would be possible ithout thc strong foundations build up over a llllDer of sears b) the incicdibl). talcnted tÉ2m of stsff and volunteers. INDEPEIYDEIYT EXAMINER Faivlc}' Judge & Easton have bn appointed Ls independent examiner for the trusL Signed on belmlf of thc trustecs Petcr D Dufficld LLB FCA Trustt% Date.. 14 May 2021
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF NORTHERN ACADEMY OF PERFORMING ARTS EDUCCATIONAL TRUST YEAR ENDED 31 AUGUST 2020 I report to the Trustees on my eMInation of the financial statemcnts of Northern Academy of Pcrforniing Arts BJu¢atioDai Tru* {thc Tntst) for t vcar ¢d 31 August 2020. Responsibilities attd basis of report As thc trustces of th¢ tyst JY)u are responsile for the preparats.on of the financial statements in awoTdance Mqth the requirements of the chariti Art 2011 (the 2011 Act). I pOrt in resPCCt of mv examination of the Int'S financial statements Iried out undcr 5cdion 145 of the 2011 Act. In carning out ms, examinatson I hai'e followcd all thc appliGqble directions givell by the Charity Commission under section 14i{5)0)) of the 2011 Act. ludependeDt uamiller's statement Sitice the ttust's gtoss incomc excccdcd £250,(KJO your oxamincr must be a member of a bod), listed in section 145 of the 2011 Act. I confjnn that I am qualified to undertake the &YamiDation because I am a member of ACC& which is one of the listed both"es. Your attention is drdWqL to thc fact that the clwitv has prepared fiJJan¢ial statements in accordance Accounting and Reporting bj Charities preparing their accowits in accordance is'Éth thc Financial "Reporting Statthd applicable in the UK aDd Republic of Ire]and (FRS 102) in preference to the Accounting and Rq)orting by C.Iwities: Statement of Recommended Practice issued on l April 2005 which is referr&J to in the e¥tant regulations but has been wÈthdTaw I understand that this has been done in order for financial statements to provide a true and fair Vie in a¢cordallce Generally Accepted AccountAng Practice effectivc for rqM)rting periods beginning on or after l January 2015. I have completed mv exan)tnation. I confirni that no matters have come to mv attention tn comiection Ivith the aYanUOll VIllg me cause to beheve that in an}" rnateTial Tespect: l. Accounting records iiere not kcpt in respect of thc trust &s rcquircd by section 130 of the 2011 Act- OT 2. The fllLgn¢ial statements do not accord iiith those records; or 3. The financial statements do not compl!" with the applicable requirements concerning the form and content of accounts set out in the CRwiEi¢s (Acwunts and Reports) Regulations 2008 other than anTr requirement that thc accounts givc a truc alld fair vieB' whicb is not a matt¢r ¢onsid¢r¢d as part of all ind¢p¢ndent ekim1.0ll. I bave no concenL% and havc Come acrijss no i)ther matters in connection th¢ exaMition to .hich att¢thion should b¢ drawn in tbis report iTJ order to eEthblc a proper understandmg of the financial statements to be ached. St¢phen Woollas Faw.ley Judge & Easton Indepcnd¢nt cxamincr Dat&l.. 14 MaN 2021 I Parliament Street Hull HUI 2AS
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST 2020 Unrestricted Total FuDds Total Funds Fullds 2020 2019 INCOMING RESOURCFS Incoming res(N]r¢e5 from gencrating funds.. Voluntary iome ArtiTriti¢S for gencrating fLd5 Investment income Jncoming resources from cljaritable actiiTrties Other incoming resour$ 13830 13030 6,229 29,924 29924 84,796 395 260J18 26512 260J18 26512 409,848 1,022 TOTAL INCOMING RESOURCES 334J91 334WI 502,290 RESOURCES EXPENDED Costs of generating fund5: Costs of generatmg voluntarv income Chatitablc activities Governance costs 14,124 436,916 14.124 436,916 22,047 i41,i52 3,920 TOTAL RESOURCES EXPENDED 454 454.640 567,519 NET INCOMING I(OiTJ GOING) RESOURCES FOR THE YEAR (120249) {120249) (6i,229) RECONCILtATION OF FUNDS Total funds brought fonlzrd 643.053 643.053 708.282 TOTAL FUNDS CARRIED FORWARD 522,804 522004 643.053 The Statement of FiDancial Activities includes all gauLS a1 losses in the year and therefore a srat¢m¢nt of total reCOged gaiJ)s aTAd105ses has not been prepared. All of th¢ abov¢ amounts rc]atc to CA)ntinuing acttvtti&8.
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST BALANCE SHEET 31 AUGUST 2020 202 2019 FIXED ASSETS Tangiblc asscts 11 175,275 190.358 CURRENT ASSETS Dcbtois Cash at bank 12 3,474 550,S92 3,000 640,901 643.901 CREDITORS: Amounts falling due witbill one year 13 50,667 29,550 NET CURRENT ASSETS 503J99 614.351 TOTAL ASSETS CURRENT LIABILITIKS 67&674 804.709 CREDITORS: Amoullts falling due after more than one year NET ASSETS 14 155,870 522,804 161,656 643,053 FUNDS Unr¢stricted income fimds 15 522,804 643.053 TOTAL FUNDS 522,804 643,053 Thcsc financial statements have beett prcparcd iti accordance with the FirAancial Rcporting Standard for Smaller Entities (effective Aptil 2(H)8). These fitiancial statements w'ere approved by the truste and authorisd for issue on 14 May 2021 and iyere signed on their kbalf by. Pctor D Duffi¢ld LLB FCA Trustee The notes on pages 8 to 14 forni part ofth&se financial statemènts.
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2020 ACCOUNTIIYG POLICIES Basis of a¢COUDting The financial sLitements have been prepared in accordance the AdemlS governing d0ment tbe Cbantses Act 2011 and 'Accounting and Reportsng by Cbanties.. Statement of liccommendcd Prdcticc applicable to charitit% preparing their accounts in accordance with the Financial Reporting Standard apph'12blc in thc UK and Rcpublic of Ireland (FRS 102) (effective A January 2019)". The cbaritv is a Public Befit EDlity as defined by FRS 102. The Academy has tsken advantage of the provisions in the SORP for clwAties applying FRS 102 Update Bullctin I not to ptcpare a Ststement of Cash FIoiNs. The financial statements have departed from the CbaTilies (A¢)Unts and Reports) Regulations 2008 onl). to the &xtent rcquircd to proTride a truc and fair This departse has involved folloi4ryng the Statement of Rewmrnended Practice for chitIeS applNing FRS 102 rather than the version of the Statemcnt of Rccollmiended PctICe whÉch is rcfcTred to in the Reguknions but ,Ch Ills since been Isithdraism. Thc financial statements are prepared in st¢rlin& i¥hich is the functional currency of the .4cadem}'. Monetars." amounts in those fllwicial statcmcnts are riH]nded to the n&vest £. The financial statements have been prcparcd under thc historical cost wnventiO modified to includc thc rcvaluatioll of freehold properts"es. The prlncipal accounting policies adopted are set out beloi4. Dollations and grants Income from donations and grants is included in incoming resources when these are receivabl¢. gxcept as follows.. When donors specAfy, that donats.ons and grants Ven to the chan"h' must be used in future accounting periods, income is deftrred untr"l these periods. When donors impos¢ conditions which have to be lfilled before the charitl, becomes entitled to use such incom¢, thc Jncome is defcrred and not ineluded in incoming resourc£s until the pr¢-wnditioDS for the use have been met. When donors specify that doDatiQDS and grants are for particular restricted purw>ses, Ivhich do ot amount to pie-condrtiot)s regarth.ng ¢DtrtlemenL income i8 included in incoming resources of restiicted funds is'hen receivable. Incoming resources from clwrtable activities are aCcOw for when earned. Activities for generating fun(Ls Inme from productions and shoiv admission fees, t()gcthcr ivith cafe in¢om¢, is in¢lud¢d in incoming resources in the peTiod in h1¢h they are 1Vable.
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST NOTES TOTHE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2020 1. ACCOUNTtNG POLICIES Going concer Thc finaneiat statcmcnts are prepared on a going concern basis. ithich assumes that the trust Mill continue in operats"onaI lStence for thc forescL7bl¢ futurc. The validity of thi.s assumption is dependent upon the chantv (*>tsining suffjcient fimth"ng. The truste corsidcr that in prLI)aring the financial statements theN have taken into account all the inforniatton that thev could havo rcasoDablTr bo ¢xpc¢t¢d to bc available. On this basis. the tTUStees coDsid¢r it 2ppr(yriatr to prepare the financial statements on a going ¢onm basis. Investtnent income Investment income is included neivable. Taxatioa The charity is exempt from taxation undet scction 505(1} IcfA 1988 an approved charity.
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2020 ACCOUNTING POLICIES (C&A Fund accounting Funds held b), the clwity are of the following tNTres.' Unrestricted general funds are fidS that can be US m a¢[dance wryth the charitable objects at the discretion of the trustees. Designated fimds are unrestricted fund4 Lwmarked by the trustees for particular pwposes. Restricted funds are lld8 that call only bc for particular stricted putP05e5 Witbin the obJ(xts of the clwth,. Restrictions arise when specified bv the donor or Thhen funds are raised for Resources expended R¢sourc¢s expended are r¢¢ogDiscd in the pcriod in which they are inawred. Thek include attributable VAT which cannot be e0vered. Costs of gcnetating f¥mds comprise the costs asSlated ivith attracting voluntary incomc and the costs of PToductIo%. shows and the cafe. Ckntable expenth.ture comprises those wsfs incurred in the deliven, of its acts"vities for its bCn¢fiCiari and include5 both costs that can be allocated directly to such athivili¢s and those costs of an indirect nalure necessaT)' lo supp)rt them. Gov¢rnanc¢ wsls repr¢sent the costs as5(]ated meeting the Statutory. requirements of the chariti,. All costs arc allo(xtcd bcN'een TrendItuTe ¢xegories in the statement of financial activities on a basis dcsigncd to [cfiC thc usc of the tt)ur. Fixed assets All fjxed &ssLts ar¢ inittail). rccorded at eo& .hICh is th¢n deprIated over tbe estimated useful life of the asset concerned. VOLUNTARY INCOME UDrestricted Totsl Funds Total Funds Funds 2020 2019 Donations SundTr' Donations 1330 13,830 6,229 io
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2020 INCOMING RESOURCLS FROM AcfiviTILS FOR GENERATING FUNDS Uthrestrieted Total Funds Totsl Fw)ds Full(Lg 2020 2019 Cafe Jncome Activities for generating fimds - ThL3trc Pr(xluctions ActiNities for gcnernling funds - Extern Events 15589 14?35 15,589 14,335 25.983 34.493 24.320 29924 29924 84.796 ILYVESTMENT INCOMK Unrestricted Total Funds Total Funds Fun(Ls 2020 2019 sulld, lettings LVLkncnt income 515 3,292 3007 515 3292 3,807 395 395 INCOMING RESOURCES FROM CHARrrABLE AcrtVlTIES Uurestricted Totsi Funds Total Fw)ds Funds 2020 2019 EnTolmcnt Income Student classes - Dan Student cl&sses - Musical Theatre Studcnt classog - Drama Outreach Wardrobe income 11,041 11,041 86005 86,805 67,IMII 67.IM)I 38,696 38,696 54545 54545 11,043 161.7 li 92,449 60,804 81.460 2,377 260?18 260J18 409,848 OTHER tNCOMtNG RLSOURCES Unrostricted Totsl Funds Total Funds Funds 2020 2019 SuTh]ry income 26,512 26512 1,022 COSTS OF GENERATtNG VOLUNTARY INCOME Urestricted Total Fullds Totsl Fwrfs Fun(Ls 2020 2019 FundrSillg trading.. Costs of g¢xKb sold and (rther costs 14.124 14,124 22.047 li
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2020 COSTS OF CHARITABLE AcrIvrriLs BY AcfIviTY TYPE The trnst operates an on-sit¢ Ixfe. and the surplus generatLxI h&8 been utilised for general funds. Achvities uttdertaken Totsl Fullds Total Funds directly 2020 2019 GellcTal Dance Musical Theatre Drama Outreacb Theatrc Pr(xlu¢tions Exten1 Events 266515 50J45 43J72 24,404 39,496 12.784 266515 50,345 43J72 24,404 39,496 12,784 245,422 110.126 47,912 36.2)6 55,858 16,406 29,572 436,916 436916 541,552 GOVERNANCE COSTS Unrestricted Totst Funds TotaI Funds Fllnds 2020 2019 AccourRtancy fees 3,920 10. STAFF COSTS AND EMOLUMEN15 Total staff costs were gs follows: 2020 2019 Wages and salaries Swtal CUrity costs Pension costs 165,842 9028 3J16 178,986 189,841 14,066 2.610 206,517 12
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2020 10. STAFF COSTS AND EMOLUMENfs Particulars of employees: The average number of employees during the year, calculated on the basis of ll_tirne equivalents: was as follo3.. 2020 No 2019 Dance and performance Administration No employee re]Ved mnuneration of more than £60,000 during the )t2r (2019 - Nil). 11. TANGIBLE FIXED A&SETS Freehold property Equipment Fithres & Fittillgs Total COST At I September 2019 Addition 231.746 61.372 104.478 397,596 At 31 August 2020 231,746 61?72 104,478 397,596 DEPRECIATION At I Scptcmbcr 2019 Charge for the year At 31 August 2020 70.213 4,63) 74.848 61,372 75.653 10.M8 207,238 15.083 61 J72 86,101 222,321 IYET BOOK VALUE At 31 AuEUSt 2019 At31 August2019 156.898 18?77 175275 161.533 28,825 190.3i8 12. DEBTORS 2020 2019 Trade debtors 3,474 3.000 13. CREDITORS: Amounts falling due within oue year 2020 2019 Bank loans and overdrafts Accruals 18560 32,107 18.560 10.990 50,667 29.550
NORTHERN ACADEMY OF PERFORMING ARTS EDUCATIONAL TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2020 14. CREDITORS: Amoullts falling due after more than one year 2020 2019 Bank loans and overdrdfts 155,870 161.657 15. UNRESTRICTED INCOME FUNDS Transferl IncouEillg resources B2Eante at I Sep 2019 Balance at 31 Aug 2020 Gen¢ral Funds 643,053 (120.249) 522,804 14