REGISTERED CHARITY NUMBER: 1076867
Northern Academy of Performing Arts Education Trust
Unaudited Financial Statements
31st August 2023
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Northern Academy of Performing Arts Educational Trust
Contents of the Financial Statements for the year ended 31st August 2023
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Chairman's Report | 2 | to | 6 |
| Report of the Trustees | 7 | to | 8 |
| Independent Examiner's Report | 9 | ||
| Statement of Financial Activities | 10 | ||
| Balance Sheet | 11 | ||
| Cash Flow Statement | 12 | ||
| Notes to the Cash Flow Statement | 13 | ||
| Notes to the Financial Statements | 14 | to | 23 |
Northern Academy of Performing Arts Educational Trust
Reference and Administrative Details for the year ended 31st August 2023
TRUSTEES P Duffield (Chair) (resigned 22.3.2023) N Bedworth (Vice Chair) H Duckworth C Gruca K Butler J M Blenkarn (Chair) (appointed 22.3.2023) S P Kind (appointed 22.3.2023) G Farrington (appointed 16.1.2023) 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
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Northern Academy of Performing Arts Educational Trust
Chairman's Report for the year ended 31st August 2023
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 Arts course in partnership with Wilberforce College, Hull and UAL (University of the Arts, London). We also run a highly successful School 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.
September - December 2022
We started the new academic year on a high. 518 enrolments in week one which was roughly the same as the previous year. In the following months this would rise by another 170 enrolments. We continued to offer our free taster programme, offering young people the chance to try classes before they commit to the term and increased the number of free classes on offer including audition preparation classes and classes for visually impaired performers and over 55’s. To help parents out with the cost of living we reshaped our timetable to enable our dance students to attend all core subjects across two evenings instead of three.
We held auditions for our major musical theatre production Footloose, to be staged at Hull Truck Theatre in April. Over 60 young people auditioned to be in the show. We also received our LAMDA acting exam results with every student receiving high merit passes or distinctions.
We held auditions for Spongebob the musical, Aladdin Junior and Sister Act and were overwhelmed with the numbers who auditioned and the talent on display.
January – March 2023
Our production of Sister Act in the NAPA Theatre was a sell-out for all performances and had high artistic values.
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Northern Academy of Performing Arts Educational Trust
Chairman's Report for the year ended 31st August 2023
We welcomed former student George Beet back to NAPA to hold a series of dance and musical theatre masterclasses. George was touring in 42[nd] Street at the time and the students loved the chance to take part in the workshops.
We introduced a new Salsa class for adults with Nunzio Rizzo leading. This was a successful class seeing lots of new adults taking part to keep fit and have fun.
In February we staged our acting department production of Roald Dahl’s The Twits to very good houses.
We started the search for a new Chair of the Board of Trustees following Peter Duffield’s departure. We also welcomed The Chameleon Players to our theatre for their production of Dracula.
Over 250 young people from NAPA took part in the filming of ‘Blitz’ in the centre of Hull. This was an Apple Films/Warner Brothers production which saw the youngsters playing evacuees in scenes shot on the station platform. Our young people loved the experience of taking part in the film which was directed by Steve McQueen. NAPA was also thrilled to be able to hire our building out for crew use and to provide chaperones for the production.
In February over 100 of our dance students took part in the Hull Musical Dance Festivals with great success and our junior musical theatre students staged Aladdin Jr. to full houses. We also held auditions for our drama production of A Monster Calls.
Our boys’ dance troupe EMERGENCE collaborated with the Meridian Gymnastics Club in Beverley to use their facilities for a day of exercise and training.
– – In March, our VIPs visually impaired performers group staged a historical play called The Clapham Girls War which was explored the role of women in Hull during World War I. The production then toured small local venues with the cast gaining skills and experience during the run of the show. Our dance students took their ISTD ballet, modern and tap exams. Over 100 students took part with the best results we’ve seen. Our fulltime students staged two devised pieces based on their work throughout the year.
Finally in March, we welcomed our new Chair of the Board of Trustees Jules Blenkarn to NAPA following successful recruitment.
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Northern Academy of Performing Arts Educational Trust
Chairman's Report for the year ended 31st August 2023
April – June 2023
In April we staged our major musical theatre production of the year at Hull Truck Theatre. Footloose was a huge success for us reaching 82% ticket sales across the week. We came out of it with a deficit of just over one hundred pounds with tickets sales of £31k. We’ve never broken even before for the “big show”.
In our own theatre our junior actors staged a new piece called Escape From Foodtopia. This was a wonderful piece with the children playing food-based characters set in world run by the evil Mr Kipling. We also had sellout performances of The Spongebob Musical.
In April we were thrilled that 100% of our full-time students were offered degree level places following on from our course. These were at top drama, dance and musical theatre colleges across the country.
– In May our senior actors presented Twisted Fairytales a showcase based on well known fairy tales with a difference. Ticket sales were great and the young performers loved their time on stage.
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Northern Academy of Performing Arts Educational Trust
Chairman's Report for the year ended 31st August 2023
In June, a group of NAPA senior students wrote, directed and starred in a new musical called The Kebab Store Musical. We were delighted to be able to give them free use of our theatre and support them with set and technical requirements for the production. Our full-time students staged the musical The Hired Man – based on the stirring novel by Melvyn Bragg.
Also, in June we established our FANS programme of volunteers – The Friends At NAPA would be instrumental in raising funds and awareness of our charity, holding special events to raise money.
July – September 2023
Our annual celebration of dance Northern Stars was staged at the Middleton Hall at Hull University to sell out audiences. The EMERGENCE boys’ dance troupe filmed their latest project on location at Stage at the Dock in Hull. This was an incredible achievement, filmed on one of the hottest days of the year.
Our senior musical theatre students had great success with The Hunchback of Notre Dame, a beautiful and powerful musical based on Victor Hugo’s original story.
To complete the year, over 400 students from our Outreach schools came to NAPA to perform for friends and family. These were wonderful shows which gave the young people their moment in the spotlight in the NAPA theatre.
We finished the year with three packed weeks of summer school in Dance, Musical Theatre and Acting. We – had our highest numbers of children ever for these weeks and were delighted to offer financial support to those families who would otherwise not be able to attend.
Other highlights
Away from our productions, classes, exams, festivals and workshops – our Paul Frankish Fund continued to support young people with the financial cost of auditions and transport. The fund was set up a few years ago in the name of our musical director to support young people with the next steps of their training and to remove financial barriers.
Page 5
Northern Academy of Performing Arts Educational Trust
Chairman's Report for the year ended 31st August 2023
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.
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.
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Northern Academy of Performing Arts Educational Trust
Report of the Trustees for the year ended 31st August 2023
The trustees present their report with the financial statements of the charity for the year ended 31st August 2023. 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.
Grantmaking
Grants are payable to individuals for help with audition costs from money collected through the Frankish Fund.
FINANCIAL REVIEW
Financial position
The annual accounts show a deficit of £52,259 (2022 surplus of £132,817) with a total cumulative surplus of £617,719 (2022 £669,978) available to carry forward.
At 31st August 2023 total funds carried forward are split £615,885 unrestricted (2022 £669,978) for general use and £1,834 restricted (2022 £NIL) for distribution under the Frankish Fund.
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.
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Northern Academy of Performing Arts Educational Trust
Report of the Trustees for the year ended 31st August 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT 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.
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 27th June 2024 and signed on its behalf by:
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 2023.
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
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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
27th June 2024
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Northern Academy of Performing Arts Educational Trust
Statement of Financial Activities for the year ended 31st August 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 5,203 Charitable activities 5 Performing arts activities 405,353 Musical theatre tuition 148,095 Other incoming resources - Other trading activities 3 44,075 Investment income 4 2,151 Total 604,877 EXPENDITURE ON Raising funds 6 37,504 Charitable activities 7 Performing arts activities 236,212 Direct charitable activities 384,886 Grants paid for audition costs - Total 658,602 NET INCOME/(EXPENDITURE) (53,725) RECONCILIATION OF FUNDS Total funds brought forward 669,978 TOTAL FUNDS CARRIED FORWARD 616,253 |
Restricted fund £ - - - - 2,582 - 2,582 - - - 1,116 1,116 1,466 - 1,466 |
2023 Total funds £ 5,203 405,353 148,095 - 46,657 2,151 607,459 37,504 236,212 384,886 1,116 659,718 (52,259) 669,978 617,719 |
2022 Total funds £ 10,314 369,743 143,675 39,337 40,139 220 |
|---|---|---|---|
| 603,428 | |||
| 24,731 201,856 360,782 1,702 |
|||
| 589,071 | |||
| 14,357 655,621 |
|||
| 669,978 |
The notes form part of these financial statements
Page 10
Northern Academy of Performing Arts Educational Trust
Balance Sheet 31st August 2023
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 14 | 146,273 | - | 146,273 | 155,202 | |
| CURRENT ASSETS | ||||||
| Debtors | 15 | 66,242 | - | 66,242 | 25,717 | |
| Cash at bank | 599,099 | 1,466 | 600,565 | 666,208 | ||
| 665,341 | 1,466 | 666,807 | 691,925 | |||
| CREDITORS | ||||||
| Amounts falling due within one year | 16 | (74,655) | - | (74,655) | (50,204) | |
| NET CURRENT ASSETS | 590,686 | 1,466 | 592,152 | 641,721 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 736,959 | 1,466 | 738,425 | 796,923 | ||
| CREDITORS | ||||||
| Amounts falling due after more than one year 17 | (120,706) | - | (120,706) | (126,945) | ||
| NET ASSETS | 616,253 | 1,466 | 617,719 | 669,978 | ||
| FUNDS | 19 | |||||
| Unrestricted funds: | ||||||
| General fund | 616,253 | 669,978 | ||||
| Restricted funds: | ||||||
| Frankish Fund | 1,466 | - | ||||
| TOTAL FUNDS | 617,719 | 669,978 |
The financial statements were approved by the Board of Trustees and authorised for issue on 27th June 2024 and were signed on its behalf by:
J M Blenkarn - Trustee
The notes form part of these financial statements
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Northern Academy of Performing Arts Educational Trust
Cash Flow Statement for the year ended 31st August 2023
| Notes Cash flows from operating activities Cash generated from operations 1 Interest paid Net cash (used in)/provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Interest received Net cash provided by 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 |
2023 £ (45,421) (8,906) (54,327) (1,989) 2,151 162 (11,478) (11,478) (65,643) 666,208 600,565 |
2022 £ 35,906 (5,322) 30,584 - 220 220 (14,036) (14,036) 16,768 649,440 666,208 |
|---|---|---|
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 2023
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Net (expenditure)/income for the reporting period (as per the | ||||
| Statement of Financial Activities) | (52,259) | 14,357 | ||
| Adjustments for: | ||||
| Depreciation charges | 10,918 | 10,719 | ||
| Interest received | (2,151) | (220) | ||
| Interest paid | 8,906 | 5,322 | ||
| Increase in debtors | (40,525) | (13,567) | ||
| Increase in creditors | 29,690 | 19,295 | ||
| Net cash (used in)/provided by operations | (45,421) | 35,906 | ||
| ANALYSIS OF CHANGES IN NET FUNDS | ||||
| At 1.9.22 | Cash flow | At 31.8.23 | ||
| £ | £ | £ | ||
| Net cash | ||||
| Cash at bank | 666,208 | (65,643) | 600,565 | |
| 666,208 | (65,643) | 600,565 | ||
| Debt | ||||
| Debts falling due within 1 year | (19,839) | 5,239 | (14,600) | |
| Debts falling due after 1 year | (126,945) | 6,239 | (120,706) | |
| (146,784) | 11,478 | (135,306) | ||
| Total | 519,424 | (54,165) | 465,259 |
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 2023
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 2023
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 | 2023 £ 5,203 |
2022 £ 10,314 |
|---|---|---|
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Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2023
| 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 Grants Performing arts activities Outreach Musical theatre tuition Grants Other incoming resources Grants received, included in the above, are as follows: Hull City Council Arts Council Grant Miscellaneous 6. RAISING FUNDS Other trading activities On-site cafe staff costs On-site cafe costs |
2023 £ 4,893 41,764 46,657 2023 £ 2,151 2023 £ 403,583 1,770 148,095 - 553,448 2023 £ 1,770 - - 1,770 2023 £ 18,923 18,581 37,504 |
2022 £ 5,794 34,345 40,139 2022 £ 220 2022 £ 369,743 - 143,675 39,337 |
2022 £ 5,794 34,345 |
2022 £ 5,794 34,345 |
|---|---|---|---|---|
| 40,139 | ||||
| 2022 £ 220 |
||||
| 552,755 | ||||
| 2022 £ 6,000 33,087 250 |
||||
| 39,337 | ||||
| 2022 £ 11,907 12,824 |
||||
| 24,731 |
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Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2023
7. CHARITABLE ACTIVITIES COSTS
| Direct Costs (see note 8) £ Performing arts activities 236,212 Direct charitable activities 364,533 Grants paid for audition costs - 600,745 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 Exam and festival fees Depreciation 9. GRANTS PAYABLE Grants paid for audition costs 10. SUPPORT COSTS Direct charitable activities |
Grant funding of activities (see note 9) £ - - 1,116 1,116 |
Support costs (see note 10) Totals £ £ - 236,212 20,353 384,886 - 1,116 20,353 622,214 2023 2022 £ £ 255,723 244,030 3,840 2,597 15,267 13,396 17,808 17,063 10,436 10,786 3,789 3,852 8,413 14,298 11,755 10,390 178,769 165,384 26,584 13,699 45,488 36,472 11,955 7,135 10,918 10,719 600,745 549,821 2023 2022 £ £ 1,116 1,702 Governance costs £ 20,353 |
|---|---|---|
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Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2023
10. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
| 2023 Direct charitable activities £ Accountancy 5,840 Professional fees 3,824 Bank charges 1,783 Interest payable and similar charges 8,906 20,353 |
2022 Total activities £ 4,100 1,369 2,026 5,322 12,817 |
|---|---|
11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st August 2023 nor for the year ended 31st August 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st August 2023 nor for the year ended 31st August 2022.
12. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2023 £ 234,060 16,805 4,858 255,723 |
2022 £ 222,306 16,540 5,184 |
|---|---|---|
| 244,030 |
The average monthly number of employees during the year was as follows:
| Dance and performance Administration |
2023 4 4 8 |
2022 4 4 |
|---|---|---|
| 8 |
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 2023
| 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 10,314 Charitable activities Performing arts activities 369,743 Musical theatre tuition 143,675 Other incoming resources 39,337 Other trading activities 38,453 Investment income 220 Total 601,742 EXPENDITURE ON Raising funds 24,731 Charitable activities Performing arts activities 201,856 Direct charitable activities 360,782 Grants paid for audition costs 16 Total 587,385 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 - - - |
Total funds £ 10,314 369,743 143,675 39,337 40,139 220 |
|---|---|---|
| 603,428 | ||
| 24,731 201,856 360,782 1,702 |
||
| 589,071 | ||
| 14,357 655,621 |
||
| 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 2023
14. TANGIBLE FIXED ASSETS
| Fixtures Freehold and property fittings £ £ COST At 1st September 2022 231,746 110,844 Additions - 1,285 At 31st August 2023 231,746 112,129 DEPRECIATION At 1st September 2022 84,118 103,270 Charge for year 4,635 6,213 At 31st August 2023 88,753 109,483 NET BOOK VALUE At 31st August 2023 142,993 2,646 At 31st August 2022 147,628 7,574 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 18) Trade creditors Social security and other taxes Other creditors Accrued expenses |
Computer equipment £ 61,372 704 62,076 61,372 70 61,442 634 - 2023 £ 45,140 21,102 66,242 2023 £ 14,600 37,152 7,140 8,431 7,332 74,655 |
Totals £ 403,962 1,989 |
Totals £ 403,962 1,989 |
|---|---|---|---|
| 405,951 | |||
| 248,760 10,918 |
|||
| 259,678 | |||
| 146,273 | |||
| 155,202 | |||
| 2022 £ 25,717 - |
|||
| 25,717 | |||
| 2022 £ 19,839 4,175 13,759 8,431 4,000 |
|||
| 50,204 |
Page 20
continued...
Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2023
| 17. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| £ | £ | ||||
| Bank loans (see note 18) | 120,706 | 126,945 | |||
| 18. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Amounts falling due within one year on demand: | |||||
| Bank loans | 14,600 | 19,839 | |||
| Amounts falling due between two and five years: | |||||
| Bank loans - 2-5 years | 120,706 | 126,945 | |||
| 19. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.9.22 | in funds | 31.8.23 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 669,978 | (53,725) | 616,253 | ||
| Restricted funds | |||||
| Frankish Fund | - | 1,466 | 1,466 | ||
| TOTAL FUNDS | 669,978 | (52,259) | 617,719 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 604,877 | (658,602) | (53,725) | ||
| Restricted funds | |||||
| Frankish Fund | 2,582 | (1,116) | 1,466 | ||
| TOTAL FUNDS | 607,459 | (659,718) | (52,259) |
Page 21
continued...
Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2023
19. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.9.21 £ Unrestricted funds General fund 655,621 TOTAL FUNDS 655,621 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 601,742 Restricted funds Frankish Fund 1,686 TOTAL FUNDS 603,428 |
Net movement At in funds 31.8.22 £ £ 14,357 669,978 14,357 669,978 Resources Movement expended in funds £ £ (587,385) 14,357 (1,686) - (589,071) 14,357 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Frankish Fund TOTAL FUNDS |
At 1.9.21 £ 655,621 - 655,621 |
Net movement in funds £ (39,368) 1,466 (37,902) |
At 31.8.23 £ 616,253 1,466 |
|---|---|---|---|
| 617,719 |
Page 22
continued...
Northern Academy of Performing Arts Educational Trust
Notes to the Financial Statements - continued for the year ended 31st August 2023
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 | 1,206,619 | (1,245,987) | (39,368) |
| Restricted funds | |||
| Frankish Fund | 4,268 | (2,802) | 1,466 |
| TOTAL FUNDS | 1,210,887 | (1,248,789) | (37,902) |
20. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st August 2023.
Page 23
Issuer
Smailes Goldie
Document generated Fri, 28th Jun 2024 9:57:17 UTC Document fingerprint 32e15c2f95ae2b2fa3ff891ee613e6c0
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