**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.
Page 2
## **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.
Page 3
**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.
Page 4
## **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
Page 5
**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.
Page 6
**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
Page 7
## **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:
1. 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
3. 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
Page 8
**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
Page 11
**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
Page 12
**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.
Page 13
continued...
**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|
|---|---|---|
Page 14
continued...
## **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||
Page 15
continued...
**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**|
|---|---|---|
Page 16
continued...
**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.
Page 17
continued...
**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|
Page 18
continued...
**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**||
Page 19
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**
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
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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)
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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)