REGISTERED CHARITY NUMBER: 1076867
Northern Academy of Performing Arts Educational Trust
Unaudited Financial Statements
31st August 2022
SD-0209851-1-6
Northern Academy of Performing Arts Educational Trust
Contents of the Financial Statements for the year ended 31st August 2022
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Chairman's Report | 2 | to | 5 |
| Report of the Trustees | 6 | to | 7 |
| Independent Examiner's Report | 8 | ||
| Statement of Financial Activities | 9 | ||
| Balance Sheet | 10 | ||
| Cash Flow Statement | 11 | ||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 21 |
Northern Academy of Performing Arts Educational Trust
Reference and Administrative Details for the year ended 31st August 2022
TRUSTEES P Duffield (Chair) (resigned 22.3.2023) N Bedworth (Vice Chair) H Duckworth C Gruca K Butler J M Blenkarn (appointed 22.3.2023) S P Kind (appointed 22.3.2023) PRINCIPAL ADDRESS 50 Anlaby Road Hull East Yorkshire HU1 2PD REGISTERED CHARITY 1076867 NUMBER INDEPENDENT EXAMINER Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA BANKERS Barclays Bank PLC Hull Corporate Banking Centre Hull East Yorkshire HU1 1RN CHIEF EXECUTIVE OFFICER Carl Wheatley
Page 1
Northern Academy of Performing Arts Educational Trust
Chairman's Report for the year ended 31st August 2022
The Trust’s achievements for the year are summarised by our Chief Executive, Carl Wheatley, as follows:
NAPA is a pioneering performing arts charity for adults and children, offering almost 100 classes across any week in dance, acting and musical theatre. We run a full-time Level 3 Performing and Production..on Arts course in collaboration with Wilberforce College, Hull and UAL (University of the Arts, London). We also run a highly successful Outreach Programme, working with 25 local primary schools on children’s performing arts skills.
Many of our students go on to professional training in dance, acting and musical theatre at the top schools in the UK but our main aim is to inspire self-confidence, communication skills and self-worth in the 700 students who attend our classes every week.
This year, students were successful in gaining places at Arts Educational, Royal Central School of Speech and Drama, Mountview Academy of Theatre Arts, Arden University and LAMDA.
Covid 19
In line with government advice we did have to cancel some classes at the start of this academic year, mainly due to staff members testing positive and having to isolate. We’re proud that we managed to continue for the year with our doors open, supporting our youngsters through the end of the pandemic.
Start of year enrolment
NAPA’s year runs from September to August, and we started the new term in September 2021 on a high. We had 518 enrolments in week one of the new term, including 143 new students. This represented the highest number of new starters in over 6 years.
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Northern Academy of Performing Arts Educational Trust
Chairman's Report for the year ended 31st August 2022
After the complications of Covid, we were concerned that our young people would get out of the habit of attending our classes, but despite our worries they came back in droves. We did notice, however, that confidence levels had taken a big hit, especially in the 12-14 age group. These youngsters missed out on their transitions from Primary to Senior School and we noticed a lot of anxiety and confidence issues as a result.
With this in mind, we structured our classes to go back to basics and spent some time on skills work, team building and rebuilding the confidence of our youngsters at the start of the 21/22 year.
Here's a breakdown of ages of NEW STUDENTS enrolled in the first term of the new year at NAPA. The rise in the 2-6 age group is due to us lowering the starting age for dance pupils and offering Baby Classes in tap, ballet and acrobatic arts.
Full-time Performing and Production Arts level 3 course
The second year of our full-time course started in September 2021. 14 new students enrolled - so we now have 23 students in total in NAPA on Mondays and Thursdays. The group took part in many lessons, specialist workshops and production... For "Scandal at the Gallery", the whole of our building was transformed into an art gallery, with the audience moving from room to room, in groups, to see different scenes unfolding. It was a "whodunnit" with the groups of audience members eventually coming together in an "auction house" to discuss who’d committed the crime. This was exceptional work from our team and our students, and quite unlike anything we’d tried before.
Supporting our students
Our Paul Frankish fund continues to support students. The fund, in the name of our former Musical Director, has helped over 30 students this year with the cost of auditions, travel and dancewear to be able to take the next steps in their professional training.
We started an arrangement with Hull New Theatre affording our students and their families the chance to see major touring productions at discount.
- We were also delighted to be able to continue NAPA’s Scholarship Scheme offering free or discounted classes to 50 young people from the city who would otherwise not be able to attend due to financial barriers.
Public performances
After the upset of the Covid pandemic, it was a joy for the team (and students) to actually be working towards public performances. In this year our junior musical theatre students staged Fame the musical, our intermediates presented Wind in the Willows the musical, and our seniors staged Be More Chill. We also staged Alice in Wonderland for the juniors, three acting showcases, Boogie Nights for the adults and our big annual dance show ‘Northern Stars’ at the Middleton Hall.
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Northern Academy of Performing Arts Educational Trust
Chairman's Report for the year ended 31st August 2022
Our main production of the year was Signing’ in the Rain at Hull Truck Theatre in April 2022. I’m delighted to report that we achieved 91% ticket sales for the week of performances, giving 30+ young people the thrill of performing in a professionally run theatre with packed houses and professional production staff to support their work.
Collaboration
We were delighted in this year to be able to work with the John Godber Company who used our facilities for rehearsals and an arrangement was made with Hull’s Middle Child Theatre who run a play library. Our students started using their library (and advice) when planning their audi..on pieces for drama school.
We joined forces with Hull Truck, Back to Ours, Freedom, Absolutely Cultured, Generation Hull, Artlink and Hull City Council to work on a citywide campaign to recruit and train young people in becoming trustees for local arts organisations (including NAPA). A weekend event was held at Hull Truck Theatre.
New Boys’ Dance Programme
We began development of a special programme of classes to encourage boys into dance and musical theatre.
The idea is to introduce boys and young men from across the city into performing arts. We would offer the students two classes a week in Musical Theatre and Dance for free. Students would then be offered residencies with industry professionals from all aspects of the performing arts industry ranging from Directors, Contact Directors, Choreographers and Performers. This would work as an outreach scheme with the secondary schools within our city. We would fund 10 boys per age bracket with other NAPA students able to join the class on the usual terms. We would either take audition entries or visit schools and sixth form colleges in the city to find the students applicable.
An open event was held, with a great turnout for both age ranges (12-16 and 16-20).
Dance
NAPA was very successful at the Hull Dance Festivals during February half term, winning 9 out of the 12 sections. An outstanding result for us. We also qualified for the All England Dance competition and made it through to the finals in July 2022, going on to win many of our sections. We were delighted to be able to take so 80 of our dance students to London for the final in July, subsidised by our Paul Frankish Fund.
Acting
As well as their outstanding productions, our acting students also managed to achieve outstanding results in their LAMDA acting exams. This included our VIP’s (Visually Impaired Performers) who gained their best ever LAMDA grades. Our building is a registered LAMDA examinations centre, welcoming young people from other schools for their exams. Our own young people did exceptionally well in their LAMDA exams - every single student passed - all with high merits or distinctions.
Student opportunities
We were thrilled to be asked to provide 150 children to be in a major film being shot in Hull. Apple TV’s movie Blitz was directed by Steve McQueen and featured many well-known names. Youngsters played evacuees getting on a train. As well as a great opportunity for our youngsters, our building was hired for the week by Apple to be used for Covid testing and crew catering.
Our building
Despite the many successes of the year, our main concern remains our building. We are housed in Hull’s former Art School, built in 1904. It’s an incredible building, perfect for performing arts, with our own well equipped 125 seat theatre and large studios which are bathed in natural light.
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Northern Academy of Performing Arts Educational Trust
Chairman's Report for the year ended 31st August 2022
Sadly, the building is in dire need of repair and this has got worse over the past year. We need major roof repairs as some rooms leak when it rains making them unusable, windows need replacing as they let is freezing cold air in winter, there are also extensive repairs to the exterior stonework and interior plaster work needed. We also need interior decoration and improvement of bathroom facilities for students and visitors.
We also have plans to remodel our theatre to enable more community use and would like to create areas to improve staff welfare.
We are currently working on a new Capital Project Funding Strategy, using funding streams from grants, corporate funding and crowd funding to bring our impressive building back to its former glory to enable us to carry on our incredible work with the community.
Carl Wheatley Chief Executive April 2023
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Northern Academy of Performing Arts Educational Trust
Report of the Trustees for the year ended 31st August 2022
The trustees present their report with the financial statements of the charity for the year ended 31st August 2022. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the charity are to foster, encourage and provide opportunities for people of all ages to participate, increase their confidence and enjoy being involved in creative performing arts activities.
Public benefit
In setting objectives and planning activities the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit.
FINANCIAL REVIEW
Financial position
The annual accounts show a surplus of £14,357 (2021 £132,817) with a total cumulative surplus of £669,978 (2021 £655,621).
Investment policy and objectives
The charity has the power to make any investment that the trustees see fit.
Reserves policy
The trustees consider that a level of reserves required in order for the charity to operate at its current level of activity has now been attained.
The trustees continue to review the administrative controls and systems to ensure that all sources of income are enhanced sufficiently to enable the future development of the Academy.
FUTURE PLANS
We will continue to pursue our plans to increase our collaborative working, take our productions out of NAPA more and to offer more places for children who could not otherwise attend due to financial constraints, through our bursary scheme. These plans would not be possible without the strong foundations built up over a number of years by our talented and dedicated team of staff and volunteers, to whom we owe a huge debt of thanks.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The trust is constituted by Deed of Trust dated 12 May 1998 as amended by special resolutions dated 25 July 1999 and 29 June 2006. It is registered as a charity with the Charity Commission.
Recruitment and appointment of new trustees
Trustees are elected for a period of 3 years on a rolling basis. Trustees are nominated to serve on the board by recommendation of currently serving trustees. If the board agrees to the nomination, the candidate is invited to serve on the board.
Organisational structure
The charity has a board of trustees that meets regularly and is responsible for the strategic direction and policy of the trust's work.
The trust employs several workers to whom the trustees delegate the day to day responsibility for the provision of services, including artistic development, production, teaching and administration. Regular staff meetings occur throughout the year.
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Northern Academy of Performing Arts Educational Trust
Report of the Trustees for the year ended 31st August 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees
There is no formal training provided by the charity as most trustees are already familiar with the practical work of the trust. The role is formally discussed with an existing serving trustee, for new trustees to familiarise themselves.
Related parties
The trust does not have any close relationships with any other group or party operating entirely on its own. All classes and performances are advertised locally within schools and other council premises.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees have a risk management strategy that comprises:
-
An annual review of the risks the trust may face;
-
The establishment of systems and procedures to mitigate those risks identified in the plan;
-
The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
This work has identified only a few minor new risks, but it has resulted in better emergency procedures and contingency plans and has given the impetus for better planning. Particular attention has focused on nonfinancial risks arising from fire, health and safety and management of performing rights. A key element in the management of financial risk is the detailed controls and systems that prevail within the trust.
Approved by order of the board of trustees on 5th June 2023 and signed on its behalf by:
Julie Marie Blenkarn
J M Blenkarn - Trustee
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Independent Examiner's Report to the Trustees of Northern Academy of Performing Arts Educational Trust
Independent examiner's report to the trustees of Northern Academy of Performing Arts Educational Trust
I report to the charity trustees on my examination of the accounts of Northern Academy of Performing Arts Educational Trust (the Trust) for the year ended 31st August 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Luke Damien Taylor Bsc (Hons) ACA The Institute of Chartered Accountants in England and Wales
Smailes Goldie Chartered Accountants Regent's Court Princess Street Hull East Yorkshire HU2 8BA
5th June 2023
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Northern Academy of Performing Arts Educational Trust
Statement of Financial Activities for the year ended 31st August 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 10,313 Charitable activities 5 Performing arts activities 369,743 Musical theatre tuition 143,675 Other incoming resources 39,337 Other trading activities 3 38,453 Investment income 4 220 Total 601,741 EXPENDITURE ON Raising funds 6 24,731 Charitable activities 7 Performing arts activities 201,856 Direct charitable activities 360,781 Grants paid for audition costs 16 Total 587,384 NET INCOME 14,357 RECONCILIATION OF FUNDS Total funds brought forward 655,621 TOTAL FUNDS CARRIED FORWARD 669,978 |
Restricted fund £ - - - - 1,686 - 1,686 - - - 1,686 1,686 - - - |
2022 Total funds £ 10,313 369,743 143,675 39,337 40,139 220 603,427 24,731 201,856 360,781 1,702 589,070 14,357 655,621 669,978 |
2021 Total funds £ 6,105 163,195 101,364 328,366 3,103 178 |
|---|---|---|---|
| 602,311 | |||
| 2,811 - 466,683 - |
|||
| 469,494 | |||
| 132,817 522,804 |
|||
| 655,621 |
The notes form part of these financial statements
Page 9
Northern Academy of Performing Arts Educational Trust
Balance Sheet 31st August 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 14 155,202 CURRENT ASSETS Debtors 15 25,717 Cash at bank 666,208 691,925 CREDITORS Amounts falling due within one year 16 (50,204) NET CURRENT ASSETS 641,721 TOTAL ASSETS LESS CURRENT LIABILITIES 796,923 CREDITORS Amounts falling due after more than one year 17 (126,945) NET ASSETS 669,978 FUNDS 19 Unrestricted funds TOTAL FUNDS |
Restricted fund £ - - - - - - - - - |
2022 Total funds £ 155,202 25,717 666,208 691,925 (50,204) 641,721 796,923 (126,945) 669,978 669,978 669,978 |
2021 Total funds £ 165,921 12,150 649,440 661,590 (28,728) 632,862 798,783 (143,162) 655,621 655,621 655,621 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 5th June 2023 and were signed on its behalf by:
Julie Marie Blenkarn
J M Blenkarn - Trustee
The notes form part of these financial statements
Page 10
Northern Academy of Performing Arts Educational Trust
Cash Flow Statement for the year ended 31st August 2022
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash provided by/(used in) investing activities Cash flows from financing activities Loan repayments in year Net cash used in financing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2022 £ 35,906 (5,322) 30,584 - 220 220 (14,036) (14,036) 16,768 649,440 666,208 |
2021 £ 122,693 (4,047) 118,646 (6,366) 178 (6,188) (13,610) (13,610) 98,848 550,592 649,440 |
|---|---|---|
The notes form part of these financial statements
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Northern Academy of Performing Arts Educational Trust
Notes to the Cash Flow Statement for the year ended 31st August 2022
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | |||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Net income for the reporting period (as per the Statement of | |||
| Financial Activities) | 14,357 | 132,817 | |
| Adjustments for: | |||
| Depreciation charges | 10,719 | 15,720 | |
| Interest received | (220) | (178) | |
| Interest paid | 5,322 | 4,047 | |
| Increase in debtors | (13,567) | (8,676) | |
| Increase/(decrease) in creditors | 19,295 | (21,037) | |
| Net cash provided by operations | 35,906 | 122,693 | |
| ANALYSIS OF CHANGES IN NET FUNDS | |||
| At 1.9.21 | Cash flow | At 31.8.22 | |
| £ | £ | £ | |
| Net cash | |||
| Cash at bank | 649,440 | 16,768 | 666,208 |
| 649,440 | 16,768 | 666,208 | |
| Debt | |||
| Debts falling due within 1 year | (17,658) | (2,181) | (19,839) |
| Debts falling due after 1 year | (143,162) | 16,217 | (126,945) |
| (160,820) | 14,036 | (146,784) | |
| Total | 488,620 | 30,804 | 519,424 |
2. ANALYSIS OF CHANGES IN NET FUNDS
The notes form part of these financial statements
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Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements for the year ended 31st August 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from donations and grants is included in incoming resources when these are receivable, except as follows:
When donors specify that donations and grants given to the charity must be used in future accounting periods, income is deferred until these periods. When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for the use have been met.
When donors specify that donations and grants are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Raising funds
Income from productions and show admission fees, together with cafe income, is included in incoming resources in the period in which they are receivable.
Investment income
Investment income is included when receivable.
Governance costs
Governance costs represents the costs associated with meeting the statutory requirements of the charity.
Allocation and apportionment of costs
Resources expended are recognised in the period in which they are incurred. They include attributable VAT which cannot be recovered.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of productions, shows and the cafe.
Charitable expenditure comprises those costs incurred in the delivery of its activities for its beneficiaries and includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
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Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2022
1. ACCOUNTING POLICIES - continued
Allocation and apportionment of costs
All costs are allocated between expenditure categories in the statement of financial activities on a basis designed to reflect the use of the resource.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Freehold property | - | 2% on cost |
|---|---|---|
| Fixtures and fittings | - | 10% on cost |
| Computer equipment | - | 10% on cost |
All fixed assets are initially recorded at cost, which is then depreciated over the estimated useful life of the asset concerned.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are unrestricted funds earmarked by the trustee's for particular purposes.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| Donations | 2022 £ 10,313 |
2021 £ 6,105 |
|---|---|---|
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Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2022
| 3. OTHER TRADING ACTIVITIES Fundraising events Cafe income 4. INVESTMENT INCOME Deposit account interest 5. INCOME FROM CHARITABLE ACTIVITIES Activity Direct income Performing arts activities Outreach Musical theatre tuition Grants Other incoming resources Grants received, included in the above, are as follows: Hull City Council Government Grants Arts Council Grant Julia and Hans Rausing Trust Miscellaneous 6. RAISING FUNDS Other trading activities On-site cafe staff costs On-site cafe costs |
2022 £ 5,794 34,345 40,139 2022 £ 220 2022 £ 369,743 143,675 39,337 552,755 2022 £ 6,000 - 33,087 - 250 39,337 2022 £ 11,907 12,824 24,731 |
2021 £ - 3,103 3,103 2021 £ 178 2021 £ 163,195 101,364 328,366 |
2021 £ - 3,103 |
|
|---|---|---|---|---|
| 3,103 | ||||
| 2021 £ 178 |
||||
| 592,925 | ||||
| 2021 £ 45,135 55,470 155,233 72,528 - |
||||
| 328,366 | ||||
| 2021 £ - 2,811 |
||||
| 2,811 |
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Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2022
7. CHARITABLE ACTIVITIES COSTS
| Direct Costs (see note 8) £ Performing arts activities 201,856 Direct charitable activities 347,964 Grants paid for audition costs - 549,820 8. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries Freelance and instructor costs Repairs and maintenance Production costs Premises costs Depreciation 9. GRANTS PAYABLE Grants paid for audition costs 10. SUPPORT COSTS Direct charitable activities |
Grant funding of activities (see note 9) £ - - 1,702 1,702 |
Support costs (see note 10) Totals £ £ - 201,856 12,817 360,781 - 1,702 12,817 564,339 2022 2021 £ £ 244,030 226,286 2,597 - 13,396 - 17,063 - 10,786 - 3,852 - 14,298 - 17,524 12,632 165,384 148,200 13,699 - 36,472 - - 51,102 10,719 15,720 549,820 453,940 2022 2021 £ £ 1,702 - Governance costs £ 12,817 |
|---|---|---|
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Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2022
10. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
| 2022 Direct charitable activities £ Accountancy 4,100 Professional fees 1,369 Bank charges 2,026 Interest payable and similar charges 5,322 12,817 |
2021 Total activities £ 5,953 - 2,743 4,047 12,743 |
|---|---|
11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2022 nor for the year ended 31st August 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st August 2022 nor for the year ended 31st August 2021.
12. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2022 £ 222,306 16,540 5,184 244,030 |
2021 £ 206,385 15,692 4,209 |
|---|---|---|
| 226,286 |
The average monthly number of employees during the year was as follows:
| Dance and performance Administration |
2022 4 4 8 |
2021 4 5 |
|---|---|---|
| 9 |
No employees received emoluments in excess of £60,000.
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Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2022
| 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Performing arts activities Musical theatre tuition Other incoming resources Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Direct charitable activities Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 14. TANGIBLE FIXED ASSETS Freehold property £ COST At 1st September 2021 and 31st August 2022 231,746 DEPRECIATION At 1st September 2021 79,483 Charge for year 4,635 At 31st August 2022 84,118 NET BOOK VALUE At 31st August 2022 147,628 At 31st August 2021 152,263 |
ACTIVITIES Unrestricted fund £ 6,105 163,195 101,364 328,366 3,103 178 602,311 2,811 466,683 469,494 132,817 522,804 655,621 Fixtures and fittings £ 110,844 97,186 6,084 103,270 7,574 13,658 |
Restricted fund £ - - - - - - - - - - - - - Computer equipment £ 61,372 61,372 - 61,372 - - |
Total funds £ 6,105 163,195 101,364 328,366 3,103 178 602,311 2,811 466,683 469,494 132,817 522,804 655,621 Totals £ 403,962 238,041 10,719 248,760 155,202 165,921 |
Total funds £ 6,105 163,195 101,364 328,366 3,103 178 |
|---|---|---|---|---|
| 602,311 | ||||
| 2,811 466,683 |
||||
| 469,494 | ||||
| 132,817 522,804 |
||||
| 655,621 |
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Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2022
| 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Trade debtors 25,717 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 £ Bank loans and overdrafts (see note 18) 19,839 Trade creditors 4,175 Social security and other taxes 13,759 Other creditors - Opening bank difference 8,431 Accrued expenses 4,000 50,204 17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2022 £ Bank loans (see note 18) 126,945 18. LOANS An analysis of the maturity of loans is given below: 2022 £ Amounts falling due within one year on demand: Bank loans 19,839 Amounts falling due between two and five years: Bank loans - 2-5 years 126,945 19. MOVEMENT IN FUNDS Net movement At 1.9.21 in funds £ £ Unrestricted funds General fund 655,621 14,357 TOTAL FUNDS 655,621 14,357 |
2021 £ 12,150 2021 £ 17,658 - 6,051 619 - 4,400 28,728 2021 £ 143,162 |
2021 £ 12,150 |
|---|---|---|
| 2021 £ 17,658 - 6,051 619 - 4,400 |
||
| 28,728 | ||
| 2021 £ 17,658 |
||
| 143,162 | ||
| At 31.8.22 £ 669,978 |
||
| 669,978 |
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Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2022
19. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Frankish Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 601,741 1,686 603,427 At 1.9.20 £ 522,804 522,804 |
Resources Movement expended in funds £ £ (587,384) 14,357 (1,686) - (589,070) 14,357 Net movement At in funds 31.8.21 £ £ 132,817 655,621 132,817 655,621 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 602,311 602,311 |
Resources Movement expended in funds £ £ (469,494) 132,817 (469,494) 132,817 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.9.20 £ 522,804 522,804 |
Net movement in funds £ 147,174 147,174 |
At 31.8.22 £ 669,978 |
|---|---|---|---|
| 669,978 |
Page 20
continued...
Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2022
19. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,204,052 | (1,056,878) | 147,174 |
| Restricted funds | |||
| Frankish Fund | 1,686 | (1,686) | - |
| TOTAL FUNDS | 1,205,738 | (1,058,564) | 147,174 |
20. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st August 2022.
Page 21
Issuer
Smailes Goldie
Document generated Thu, 8th Jun 2023 10:14:10 BST
Document fingerprint f3dfcf22a7696d999d5917f11c256019
Parties involved with this document
Document processed
Party + Fingerprint
Fri, 9th Jun 2023 10:17:21 BST Mon, 12th Jun 2023 8:11:22 BST Mon, 12th Jun 2023 8:11:22 BST
J M Blenkarn - Signer (9546f0985e47db8bdd8a762ea43252d2) Luke Taylor - Signer (6185c56f19cb7e10ce111f4bd3bae020) Helen Rhodes - Copied In (3e61c5e9d8c95de26f45505e3615917a)
Audit history log
Date
Action
Mon, 12th Jun 2023 8:11:22 BST Mon, 12th Jun 2023 8:11:22 BST
Mon, 12th Jun 2023 8:11:22 BST Mon, 12th Jun 2023 8:07:47 BST Fri, 9th Jun 2023 11:32:46 BST Fri, 9th Jun 2023 10:18:16 BST Fri, 9th Jun 2023 10:17:51 BST Fri, 9th Jun 2023 10:17:50 BST Fri, 9th Jun 2023 10:17:35 BST Fri, 9th Jun 2023 10:17:23 BST Fri, 9th Jun 2023 10:17:22 BST Fri, 9th Jun 2023 10:17:22 BST
Fri, 9th Jun 2023 10:17:21 BST Fri, 9th Jun 2023 10:16:43 BST Fri, 9th Jun 2023 10:16:34 BST Fri, 9th Jun 2023 9:22:03 BST Thu, 8th Jun 2023 15:50:45 BST
The envelope has been signed by all parties. (77.86.35.1) Sent a copy of the envelope to Helen Rhodes (helenrhodes@smailesgoldie.co.uk). (77.86.35.1) Luke Taylor signed the envelope. (77.86.35.1) Luke Taylor viewed the envelope. (77.86.35.1) Luke Taylor opened the document email. (104.28.89.69) J M Blenkarn opened the document email. (66.249.93.67) Luke Taylor opened the document email. (40.94.105.126) Luke Taylor opened the document email. (40.94.89.126) J M Blenkarn opened the document email. (66.249.93.71) Document emailed to luketaylor@smailesgoldie.co.uk (18.170.88.173) J M Blenkarn viewed the envelope. (213.249.235.187) Sent the envelope to Luke Taylor (luketaylor@smailesgoldie.co.uk) for signing (213.249.235.187)
J M Blenkarn signed the envelope (213.249.235.187) J M Blenkarn viewed the envelope. (213.249.235.187) J M Blenkarn opened the document email. (66.249.93.70) J M Blenkarn opened the document email. (66.249.93.66) J M Blenkarn opened the document email. (66.249.93.207)
Thu, 8th Jun 2023 11:10:27 BST Thu, 8th Jun 2023 11:10:24 BST Thu, 8th Jun 2023 10:53:13 BST Thu, 8th Jun 2023 10:52:58 BST Thu, 8th Jun 2023 10:52:48 BST Thu, 8th Jun 2023 10:17:45 BST Thu, 8th Jun 2023 10:17:44 BST
Thu, 8th Jun 2023 10:16:04 BST Thu, 8th Jun 2023 10:16:04 BST Thu, 8th Jun 2023 10:16:04 BST Thu, 8th Jun 2023 10:14:28 BST
Thu, 8th Jun 2023 10:14:10 BST
J M Blenkarn opened the document email. (66.249.93.192) J M Blenkarn opened the document email. (66.249.93.206) J M Blenkarn opened the document email. (66.249.93.206) J M Blenkarn opened the document email. (66.249.93.207) J M Blenkarn opened the document email. (66.249.93.192) Document emailed to julesblenkarn@gmail.com (13.40.51.220) Sent the envelope to J M Blenkarn (julesblenkarn@gmail.com) for signing (213.249.229.122)
Helen Rhodes has been assigned to this envelope (213.249.229.122) Luke Taylor has been assigned to this envelope (213.249.229.122) J M Blenkarn has been assigned to this envelope (213.249.229.122) Document generated with fingerprint f3dfcf22a7696d999d5917f11c256019 (213.249.229.122)
Envelope generated by Gill Waters (213.249.229.122)