**REGISTERED CHARITY NUMBER: 1076867** 

# **Northern Academy of Performing Arts Educational Trust** 

## **Unaudited Financial Statements** 

**31st August 2024** 

SD-0218733-1-6 



**Northern Academy of Performing Arts Educational Trust** 

## **Contents of the Financial Statements for the year ended 31st August 2024** 

||**Page**|**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Chairman's Report**|2|to|8|
|**Impact Report**||9||
|**Report of the Trustees**|10|to|11|
|**Independent Examiner's Report**||12||
|**Statement of Financial Activities**||13||
|**Balance Sheet**||14||
|**Cash Flow Statement**||15||
|**Notes to the Cash Flow Statement**||16||
|**Notes to the Financial Statements**|17|to|26|





**Northern Academy of Performing Arts Educational Trust** 

## **Reference and Administrative Details for the year ended 31st August 2024** 

**TRUSTEES** N Bedworth (Vice Chair) (resigned 1.8.2024) H Duckworth (resigned 11.11.2023) C Gruca (Chair) K Butler J M Blenkarn (Chair) (resigned 31.3.2025) S P Kind G Farrington L Pearson (appointed 1.9.2024) C Ballingham (appointed 1.9.2024) H Dunn (appointed 1.9.2024) **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 2024** 

Northern Academy of Performing Arts Educational Trust Chair's Report for the year ended 31st August 2024 

The Trust's achievements for the year are summarised by our Chief Executive, Carl Wheatley, as follows: 

## Introduction 

NAPA is a pioneering performing arts charity for adults and children, offering over 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 18 local primary schools on children's performing arts skills. 

**Our home** 

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, Royal Scottish Conservatoire, Arden University and LAMDA. 

## **September- December 2023** 

We've started the new academic year on a high. 550 enrolments in week one which is slightly up on last year (514). We reopened the free taster bookings and had a flurry of people wanting to try classes. Despite our best efforts, we had to increase class prices by 50p on most classes to cover our increasing running costs. 

In September we held auditions for our major musical theatre production Calamity Jane, to be staged at Hull Truck Theatre in July 2024. 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 and our students entered into LCM singing exams all passed with a distinction. 

We held auditions for in-house productions Frozen Jr. the musical, Edward Scissorhands the play, and began rehearsals for our staff panto. 

Page 2 



**Northern Academy of Performing Arts Educational Trust** 

## **Chairman's Report for the year ended 31st August 2024** 

**Ailey II Dance Company** 

New York based Dance Company Ailey II came to NAPA to hold a workshop with our intermediate/senior dancers. The students were given free tickets to watch their performance at Hull New Theatre the night before and were then taught some of the routines here at NAPA. The students absolutely loved the experience and the opportunity to work with such an inspirational international company. 

**==> picture [153 x 11] intentionally omitted <==**

**----- Start of picture text -----**<br>
Mono Box Play Library at NAPA<br>**----- End of picture text -----**<br>


Through a partnership with the charity Monobox, we took delivery of over 1000 play texts and acting technique books and created a new library for our students to use when preparing for performance and auditions. 

_Blayne George, Executive Creative Director of Mono Box said: "The Mono Box library was developed as a way of supporting emerging theatre artists at important times in their creative development. We are comforted in knowing that these important and rich cultural assets will be rehomed with a pioneering organisation like NAPA. It is a joy to know that The Mono Box will live on through them and that these resources will continue to be accessible and a source of inspiration for those seeking to have their voices heard, explore their creativity, hone their craft and develop exciting, challenging and bold new work."_ 

Page 3 



## **Northern Academy of Performing Arts Educational Trust** 

## **Chairman's Report for the year ended 31st August 2024** 

Our VIPs and Over 55's actors staged their Double Bill at the beginning of October. This was very well received and ticket sales were good. These groups not only teach valuable skills but also combat loneliness and are a real support to participants. 

NAPA students performed on 6th October at the Humber Local Family Justice Board conference at the Hilton in Hull - the theme for the event was "Shaping Minds to Shape the Future". 

The fourth year of the full-time course (Level 3 in Performing and Production Arts) started with 15 new students enrolling - bringing our total number of full-time students to 27. 

We had the inaugural meeting of the FANS: Friends of NAPA, a new group of parents and friends who will fundraise for our Big Build Campaign to restore our beloved Grade II* listed home. Their first year was very successful, raising almost £10,000 for our funds via raffles, quiz nights and other donations. The FANS also organised a special performance of a group of dancing dads. The Dance Dads raised almost £4000 for the funds. This group of dedicated fundraisers has brought parents and friends together to support NAPA. 

**Dance Dads Rehearsal** 

We saw a drop in the number of schools who've signed up for the Outreach programme, all due to school budget constraints. 18 schools signed up for the coming year. This is a reduction from 22 schools last year. 

**Our Pedal for Paul Fundraiser** 

Page 4 



**Northern Academy of Performing Arts Educational Trust** 

## **Chairman's Report for the year ended 31st August 2024** 

We raised funds for our Paul Frankish Fund (supporting students with the cost of auditions and travel) with a 12-hour charity exercise bike ride at NAPA. Our Pedal for Paul fundraiser was a huge success. Over 60 riders cycled for 15 minutes each the equivalent distance from NAPA to the West End. We raised over £2k for the fund. 

Following competitive interviews in December we selected Tamsyn Howes to be our new professional fundraiser. Tamsyn is former Head of Fundraising for the National Trust and is very well qualified to work with us on our major capital project. She is also a qualified teacher and was passionate about NAPA's aims in her interview. Tamsyn will start in January 2024. 

## **January - March 2024** 

We had the inaugural meeting of the NAPA Young People's Board. The new group has 9 students taking part of varying ages, helping to shape the future of NAPA and to bring much needed young voices into our decision making. Luna (17), Betty (11), Darcey (11), Neve (13), Millie (13), Mia (15), Jasmine (19), James (9) and Ella (10) are a valuable asset to NAPA and thrilled to be on the new board. 

**==> picture [217 x 8] intentionally omitted <==**

**----- Start of picture text -----**<br>
Northern Cultural Education Awards Finalists<br>**----- End of picture text -----**<br>


We were thrilled to be shortlisted in the Northern Cultural Education Awards, in the category of Young Arts Activism for our ground-breaking boys' dance programme Emergence. 

Through our connection with Hull New Theatre, we were offered the chance to work with Sao Paulo Dance Company from Brazil. 20 of our intermediate age dancers (13+) were given free tickets to see the company perform at Hull New Theatre and the company then came to NAPA to hold a workshop with the students on Saturday 2nd March. This was an incredible experience for our young dancers. 

Our full-time students were given the chance to sit in on tech rehearsals for Middle Child Theatre's latest production He Loves You, Baby. They all then received free tickets to see the show and thoroughly enjoyed the experience. 

We did exceptionally well with the ISTD dance exams. Over 7 full days of exams there were 166 individual exams with 125 distinctions and 41 merits. 

Page 5 



**Northern Academy of Performing Arts Educational Trust** 

## **Chairman's Report for the year ended 31st August 2024** 

## **April - June 2024** 

## **Building 120th Celebration Weekend** 

We had an incredible weekend of celebrations for our building's 120th year. We welcomed 40 guests, many former art students and VIPs to the building for an open event. Some of our current senior dance and musical theatre students performed for them and architectural historian Tim Brittain-Catlin spoke about the significance of our heritage building. We then had some food and let the former students wander around the building taking photos. The main take-away from the event for me was the love for our building from anyone who has ever had a connection with it - even those who haven't been inside it for over 50 years. So many memories were shared at the event. 

_The keynote speaker for the event was Tim Brittain-Catlin, Course Leader for Architecture at University of Cambridge. Dr Brittain-Catlin emphasised the importance of our "nationally significant" building and described it as "a jewel in the crown for the city"._ 

We teamed up with Hull City Council who offer wellbeing grants to young carers. These youngsters, who have caring responsibilities at home, can now use these grants to pay for their NAPA class fees. We do have a handful of young carers who attend and this was a real benefit to them and their wellbeing. 

We opened our doors to the public as part of the national Heritage Open Days programme, showing large groups of people around our heritage building on tours, and answering questions from the participants. 

## **July - August 2024** 

**Calamity Jane at Hull Truck Theatre** 

Page 6 



**Northern Academy of Performing Arts Educational Trust** 

## **Chairman's Report for the year ended 31st August 2024** 

Our major production of Calamity Jane at Hull Truck Theatre made a profit of £2386.59 with 63% ticket sales. Audiences loved it - and we received lots of praise, including this from Cllr Rob Pritchard, the Portfolio Holder for Culture in the city: 

_"Congratulations on your incredible production of Calamity Jane at Hull Truck. My wife and I really enjoyed it, so much we came back with friends the next day. Hope you were pleased with how it went; it was a great performance."_ 

Our three weeks of Summer School were as popular as ever with over 300 young people taking part in acting, dance and musical theatre weeks. 

## **Public performances this year** 

October 2023 - Double Vision - our VIPs Visually Impaired Performers October 2023 - The Chameleon Players - Three One Act Plays November 2023 - James and the Giant Peach December 2023 - Memoirs of the Past December 2023 - A Christmas Cracker December 2023 - Robin Hood and the Babes in the Wood January 2024 - Frozen Jr. February 2024 - Edward Scissorhands February 2024 - Green Ginger Productions - Rita, Sue and Bob Too February 2024 - The Jungle Book February 2024 - Aristocats March 2024 - Tales from the Toy Box March 2024 - An Evening of Devised Pieces March 2024 - Act 24 Productions - The Enfield Poltergeist March 2024 - Big Fish the musical April 2024 - Legally Blonde the musical April 2024 - The Wizard of Oz May 2024 - Made in Dagenham May 2024 - The Chameleon Players - Hound of the Baskervilles May 2024 - This is Our Story June 2024 - Honk! The musical July 2024 - Northern Stars dance show - Middleton Hall, Hull July 2024 - Dance Summer School performance July 2024 - Calamity Jane at Hull Truck Theatre August 2024 - The Little Mermaid musical 

## **Our building** 

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, Grade II* listed, perfect for performing arts, with our own well equipped 125 seat theatre and large, airy studios which are bathed in natural light. b ag ~~ % ’ oo = = a) ~~ ‘ A a ~ ‘ \ WA NS SS Sty aS \ 1 { ‘ p it Ways ‘\ Y = ft) ia \ Elma) AN _ Ff | , " . 1) ia \ il: |u : ypR |" 1)\ * a= eeYee ee ELE |) Grn: et af Sone A te A TE slnt **NAPA's home in the centre of Hull** 

Page 7 



## **Northern Academy of Performing Arts Educational Trust** 

## **Chairman's Report for the year ended 31st August 2024** 

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 have created a Capital Project Funding Strategy and have been working with Historic England on planning a full restoration of our building. 

## _Please see Impact Report on next page_ 

Carl Wheatley NAPA CEO March 2025 

Page 8 



**Northern Academy of Performing Arts Educational Trust** 

## **Impact Report for the year ended 31st August 2024** 

**2023 - 2024 Northern Academy of Performing Arts 01482 310690 www.northernacademy.org.uk** 

Page 9 



**Northern Academy of Performing Arts Educational Trust** 

## **Report of the Trustees for the year ended 31st August 2024** 

The trustees present their report with the financial statements of the charity for the year ended 31st August 2024. 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 £80,969 (2023 deficit of  £52,259) with a total cumulative surplus of £536,750 (2023  £617,719) available to carry forward. 

At 31st August 2024 total funds carried forward are split £533,738 unrestricted (2023 £616,253) for general use and £3,012  restricted (2023 £1,466) 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. 

Page 10 



**Northern Academy of Performing Arts Educational Trust** 

## **Report of the Trustees for the year ended 31st August 2024** 

## **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 May 2025 and signed on its behalf by: 

................................................................. C Gruca - Trustee 

Page 11 



## **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 2024. 

## **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 

Date: 27[th] May 2025 

Page 12 



## **Northern Academy of Performing Arts Educational Trust** 

## **Statement of Financial Activities for the year ended 31st August 2024** 

|Unrestricted<br>fund<br>Notes<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>**7,466**<br>**Charitable activities**<br>5<br>Performing arts activities<br>**453,969**<br>Musical theatre tuition<br>**135,323**<br>Other trading activities<br>3<br>**50,000**<br>Investment income<br>4<br>**6,537**<br>**Total**<br>**653,295**<br>**EXPENDITURE ON**<br>Raising funds<br>6<br>**36,596**<br>**Charitable activities**<br>7<br>Performing arts activities<br>**698,860**<br>Direct charitable activities<br>**-**<br>Grants paid for audition costs<br>**-**<br>**Total**<br>**735,456**<br>**NET INCOME/(EXPENDITURE)**<br>**(82,161)**<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>**616,253**<br>**TOTAL FUNDS CARRIED FORWARD**<br>**534,092**|Restricted<br>fund<br>£<br>**2,875**<br>**-**<br>**-**<br>**3,081**<br>**-**<br>**5,956**<br>**-**<br>**-**<br>**-**<br>**1,535**<br>**1,535**<br>**4,421**<br>**1,466**<br>**5,887**|**2024**<br>**Total**<br>**funds**<br>**£**<br>**10,341**<br>**453,969**<br>**135,323**<br>**53,081**<br>**6,537**<br>**659,251**<br>**36,596**<br>**698,860**<br>**-**<br>**1,535**<br>**736,991**<br>**(77,740)**<br>**617,719**<br>**539,979**|2023<br>Total<br>funds<br>£<br>5,203<br>405,353<br>148,095<br>46,657<br>2,151<br>607,459<br>37,504<br>236,212<br>384,886<br>1,116<br>659,718<br>(52,259)<br>669,978<br>617,719|
|---|---|---|---|



The notes form part of these financial statements 

Page 13 



## **Northern Academy of Performing Arts Educational Trust** 

## **Balance Sheet 31st August 2024** 

||||||**2024**|2023|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||**Total**|Total|
|||fund|fund||**funds**|funds|
||Notes|£|£||**£**|£|
|**FIXED ASSETS**|||||||
|Tangible assets|14|**144,583**||**-**|**144,583**|146,273|
|**CURRENT ASSETS**|||||||
|Debtors|15|**43,555**||**-**|**43,555**|66,242|
|Cash at bank||**496,769**|**5,887**||**502,656**|600,565|
|||**540,324**|**5,887**||**546,211**|666,807|
|**CREDITORS**|||||||
|Amounts falling due within one year|16|**(40,977)**||**-**|**(40,977)**|(74,655)|
|**NET CURRENT ASSETS**||**499,347**|**5,887**||**505,234**|592,152|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**||**643,930**|**5,887**||**649,817**|738,425|
|**CREDITORS**|||||||
|Amounts falling due after more than one year 17||**(109,838)**||**-**|**(109,838)**|(120,706)|
|**NET ASSETS**||**534,092**|**5,887**||**539,979**|617,719|
|**FUNDS**|19||||||
|Unrestricted funds:|||||||
|General fund|||||**534,092**|616,253|
|Restricted funds:|||||||
|Frankish Fund|||||**5,887**|1,466|
|**TOTAL FUNDS**|||||**539,979**|617,719|



The financial statements were approved by the Board of Trustees and authorised for issue on 27[th] May 2025 and were signed on its behalf by: 

............................................. C Gruca - Trustee 

The notes form part of these financial statements 

Page 14 



## **Northern Academy of Performing Arts Educational Trust** 

## **Cash Flow Statement for the year ended 31st August 2024** 

|Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Interest paid<br>Net cash used in operating activities<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>Interest received<br>Net cash provided by investing activities<br>**Cash flows from financing activities**<br>Loan repayments in year<br>Net cash used in financing activities<br>**Change in cash and cash equivalents**<br>**in the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the end**<br>**of the reporting period**|**2024**<br>**£**<br>**(77,393)**<br>**(10,886)**<br>**(88,279)**<br>**(3,790)**<br>**6,537**<br>**2,747**<br>**(12,377)**<br>**(12,377)**<br>**(97,909)**<br>**600,565**<br>**502,656**|2023<br>£<br>(45,421)<br>(8,906)<br>(54,327)<br>(1,989)<br>2,151<br>162<br>(11,478)<br>(11,478)<br>(65,643)<br>666,208<br>600,565|
|---|---|---|



The notes form part of these financial statements 

Page 15 



**Northern Academy of Performing Arts Educational Trust** 

## **Notes to the Cash Flow Statement for the year ended 31st August 2024** 

## **1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES** 

||**ACTIVITIES**|||||
|---|---|---|---|---|---|
||||**2024**||2023|
||||**£**||£|
||**Net expenditure for the reporting period (as per**|**the Statement**||||
||**of Financial Activities)**||**(77,740)**||(52,259)|
||**Adjustments for:**|||||
||Depreciation charges||**5,479**||10,918|
||Interest received||**(6,537)**||(2,151)|
||Interest paid||**10,886**||8,906|
||Decrease/(increase) in debtors||**22,687**||(40,525)|
||(Decrease)/increase in creditors||**(32,168)**||29,690|
||**Net cash used in operations**||**(77,393)**||(45,421)|
|**2.**|**ANALYSIS OF CHANGES IN NET FUNDS**|||||
|||At 1.9.23|Cash flow|**At 31.8.24**||
|||£|£||**£**|
||**Net cash**|||||
||Cash at bank|**600,565**|**(97,909)**||**502,656**|
|||**600,565**|**(97,909)**||**502,656**|
||**Debt**|||||
||Debts falling due within 1 year|**(14,600)**|**1,510**||**(13,090)**|
||Debts falling due after 1 year|**(120,706)**|**10,868**|**(109,838)**||
|||**(135,306)**|**12,378**|**(122,928)**||
||**Total**|**465,259**|**(85,531)**||**379,728**|



The notes form part of these financial statements 

Page 16 



**Northern Academy of Performing Arts Educational Trust** 

## **Notes to the Financial Statements for the year ended 31st August 2024** 

## **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 17 

continued... 



**Northern Academy of Performing Arts Educational Trust** 

## **Notes to the Financial Statements - continued for the year ended 31st August 2024** 

## **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|**2024**<br>**£**<br>**10,341**|2023<br>£<br>5,203|
|---|---|---|



Page 18 

continued... 



**Northern Academy of Performing Arts Educational Trust** 

## **Notes to the Financial Statements - continued for the year ended 31st August 2024** 

|**3.**<br>**OTHER TRADING ACTIVITIES**<br>Fundraising events<br>Cafe income<br>Sponsorships<br>**4.**<br>**INVESTMENT INCOME**<br>Deposit account interest<br>**5.**<br>**INCOME FROM CHARITABLE ACTIVITIES**<br>Activity<br>Direct income<br>Performing arts activities<br>Grants<br>Performing arts activities<br>Outreach<br>Musical theatre tuition<br>Grants received, included in the above, are as follows:<br>Hull City Council<br>**6.**<br>**RAISING FUNDS**<br>**Other trading activities**<br>On-site cafe staff costs<br>On-site cafe costs|**2024**<br>**£**<br>**6,865**<br>**44,216**<br>**2,000**<br>**53,081**<br>**2024**<br>**£**<br>**6,537**<br>**2024**<br>**£**<br>**453,969**<br>**-**<br>**135,323**<br>**589,292**<br>**2024**<br>**£**<br>**-**<br>**2024**<br>**£**<br>**13,865**<br>**22,731**<br>**36,596**|2023<br>£<br>4,893<br>41,764<br>-<br>46,657<br>2023<br>£<br>2,151<br>2023<br>£<br>403,583<br>1,770<br>148,095|2023<br>£<br>4,893<br>41,764<br>-|2023<br>£<br>4,893<br>41,764<br>-|
|---|---|---|---|---|
||||46,657||
|||||2023<br>£<br>2,151|
|||553,448|||
||||2023<br>£<br>1,770<br>2023<br>£<br>18,923<br>18,581|2023<br>£<br>1,770|
||||37,504||



Page 19 

continued... 



**Northern Academy of Performing Arts Educational Trust** 

## **Notes to the Financial Statements - continued for the year ended 31st August 2024** 

## **7. CHARITABLE ACTIVITIES COSTS** 

|Direct<br>Costs (see<br>note 8)<br>£<br>Performing arts activities<br>**675,642**<br>Grants paid for audition costs<br>**-**<br>**675,642**<br>**8.**<br>**DIRECT COSTS OF CHARITABLE ACTIVITIES**<br>Staff costs<br>Rates and water<br>Insurance<br>Light and heat<br>Telephone<br>Postage and stationery<br>Advertising<br>Sundries<br>Freelance and instructor costs<br>Repairs and maintenance<br>Production costs<br>Exam and festival fees<br>Consultancy<br>Hire costs<br>Depreciation<br>**9.**<br>**GRANTS PAYABLE**<br>Grants paid for audition costs|Grant<br>funding of<br>activities<br>(see note<br>9)<br>£<br>**-**<br>**1,535**<br>**1,535**|Support<br>costs (see<br>note 10)<br>£<br>**23,218**<br>**-**<br>**23,218**<br>**2024**<br>**£**<br>**266,225**<br>**3,777**<br>**15,809**<br>**18,499**<br>**12,312**<br>**6,487**<br>**1,541**<br>**11,539**<br>**228,232**<br>**22,354**<br>**49,858**<br>**13,232**<br>**16,800**<br>**3,498**<br>**5,479**<br>**675,642**<br>**2024**<br>**£**<br>**1,535**|Totals<br>£<br>**698,860**<br>**1,535**|Totals<br>£<br>**698,860**<br>**1,535**|
|---|---|---|---|---|
||||**700,395**||
||||2023<br>£<br>255,723<br>3,840<br>15,267<br>17,808<br>10,436<br>3,789<br>8,413<br>11,755<br>178,769<br>26,584<br>45,488<br>11,955<br>-<br>-<br>10,918||
||||600,745||
|||||2023<br>£<br>1,116|



Page 20 

continued... 



**Northern Academy of Performing Arts Educational Trust** 

## **Notes to the Financial Statements - continued for the year ended 31st August 2024** 

## **10. SUPPORT COSTS** 

|**SUPPORT COSTS**|||
|---|---|---|
|||Governance|
|||costs|
|||£|
|Performing arts activities||**23,218**|
|Support costs, included in the above, are as follows:|||
||**2024**|2023|
||Performing||
||arts|Total|
||activities|activities|
||**£**|£|
|Accountancy|**6,240**|**5,840**|
|Professional fees|**4,049**|**3,824**|
|Bank charges|**2,043**|**1,783**|
|Interest payable and similar charges|**10,886**|**8,906**|
||**23,218**|**20,353**|



## **11. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 31st August 2024 nor for the year ended 31st August 2023. 

## **Trustees' expenses** 

There were no  trustees' expenses paid for the year ended 31st August 2024 nor for the year ended 31st August 2023. 

## **12. STAFF COSTS** 

|**STAFF COSTS**||||
|---|---|---|---|
|Wages and salaries<br>Social security costs<br>Other pension costs<br>The average monthly number of employees during the year was as follows:<br>Dance and performance<br>Administration|**2024**<br>**£**<br>**243,318**<br>**17,788**<br>**5,119**<br>**266,225**<br>**2024**<br>**4**<br>**4**<br>**8**|2023<br>£<br>234,060<br>16,805<br>4,858||
|||255,723||
||||2023<br>4<br>4<br>8|



No employees received emoluments in excess of £60,000. 

Page 21 

continued... 



**Northern Academy of Performing Arts Educational Trust** 

## **Notes to the Financial Statements - continued for the year ended 31st August 2024** 

|**13.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>Unrestricted<br>fund<br>£<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>5,203<br>**Charitable activities**<br>Performing arts activities<br>405,353<br>Musical theatre tuition<br>148,095<br>Other trading activities<br>44,075<br>Investment income<br>2,151<br>**Total**<br>604,877<br>**EXPENDITURE ON**<br>Raising funds<br>37,504<br>**Charitable activities**<br>Performing arts activities<br>236,212<br>Direct charitable activities<br>384,886<br>Grants paid for audition costs<br>-<br>**Total**<br>658,602<br>**NET INCOME/(EXPENDITURE)**<br>(53,725)<br>**RECONCILIATION OF FUNDS**<br>Total funds brought forward<br>669,978<br>**TOTAL FUNDS CARRIED FORWARD**<br>616,253|Restricted<br>fund<br>£<br>-<br>-<br>-<br>2,582<br>-<br>2,582<br>-<br>-<br>-<br>1,116<br>1,116<br>1,466<br>-<br>1,466|Total<br>funds<br>£<br>5,203<br>405,353<br>148,095<br>46,657<br>2,151<br>607,459<br>37,504<br>236,212<br>384,886<br>1,116<br>659,718<br>(52,259)<br>669,978<br>617,719|
|---|---|---|



Page 22 

continued... 



**Northern Academy of Performing Arts Educational Trust** 

## **Notes to the Financial Statements - continued for the year ended 31st August 2024** 

## **14. TANGIBLE FIXED ASSETS** 

|Fixtures<br>Freehold<br>and<br>property<br>fittings<br>£<br>£<br>**COST**<br>At 1st September 2023<br>**231,746**<br>**112,129**<br>Additions<br>**-**<br>**2,749**<br>At 31st August 2024<br>**231,746**<br>**114,878**<br>**DEPRECIATION**<br>At 1st September 2023<br>**88,753**<br>**109,483**<br>Charge for year<br>**4,635**<br>**680**<br>At 31st August 2024<br>**93,388**<br>**110,163**<br>**NET BOOK VALUE**<br>At 31st August 2024<br>**138,358**<br>**4,715**<br>At 31st August 2023<br>142,993<br>2,646<br>**15.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>Prepayments<br>**16.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Bank loans and overdrafts (see note 18)<br>Trade creditors<br>Social security and other taxes<br>Other creditors<br>Accrued expenses|Computer<br>equipment<br>£<br>**62,076**<br>**1,041**<br>**63,117**<br>**61,442**<br>**165**<br>**61,607**<br>**1,510**<br>634<br>**2024**<br>**£**<br>**40,788**<br>**2,767**<br>**43,555**<br>**2024**<br>**£**<br>**13,090**<br>**8,750**<br>**5,357**<br>**8,431**<br>**5,349**<br>**40,977**|Totals<br>£<br>**405,951**<br>**3,790**|Totals<br>£<br>**405,951**<br>**3,790**|
|---|---|---|---|
|||**409,741**||
|||**259,678**<br>**5,480**||
|||**265,158**||
|||**144,583**||
|||146,273||
||||2023<br>£<br>45,140<br>21,102|
||||66,242|
||||2023<br>£<br>14,600<br>37,152<br>7,140<br>8,431<br>7,332|
||||74,655|



Page 23 

continued... 



**Northern Academy of Performing Arts Educational Trust** 

## **Notes to the Financial Statements - continued for the year ended 31st August 2024** 

## **17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR** 

|Bank loans (see note 18)<br>**18.**<br>**LOANS**<br>An analysis of the maturity of loans is given below:<br>Amounts falling due within one year on demand:<br>Bank loans<br>Amounts falling due between two and five years:<br>Bank loans - 2-5 years<br>**19.**<br>**MOVEMENT IN FUNDS**<br>At 1.9.23<br>£<br>**Unrestricted funds**<br>General fund<br>**616,253**<br>**Restricted funds**<br>Frankish Fund<br>**1,466**<br>**TOTAL FUNDS**<br>**617,719**<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>**653,295**<br>**Restricted funds**<br>Frankish Fund<br>**5,956**<br>**TOTAL FUNDS**<br>**659,251**|**2024**<br>2023<br>**£**<br>£<br>**109,838**<br>120,706<br>**2024**<br>2023<br>**£**<br>£<br>**13,090**<br>14,600<br>**109,838**<br>120,706<br>Net<br>movement<br>At<br>in funds<br>31.8.24<br>£<br>£<br>**(82,161)**<br>**534,092**<br>**4,421**<br>**5,887**<br>**(77,740)**<br>**539,979**<br>Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>**(735,456)**<br>**(82,161)**<br>**(1,535)**<br>**4,421**<br>**(736,991)**<br>**(77,740)**|
|---|---|



Page 24 

continued... 



**Northern Academy of Performing Arts Educational Trust** 

## **Notes to the Financial Statements - continued for the year ended 31st August 2024** 

## **19. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|At 1.9.22<br>£<br>**Unrestricted funds**<br>General fund<br>669,978<br>**Restricted funds**<br>Frankish Fund<br>-<br>**TOTAL FUNDS**<br>669,978<br>Comparative net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>604,877<br>**Restricted funds**<br>Frankish Fund<br>2,582<br>**TOTAL FUNDS**<br>607,459<br>A current year 12 months and prior year 12 months combined position is as<br>At 1.9.22<br>£<br>**Unrestricted funds**<br>General fund<br>669,978<br>**Restricted funds**<br>Frankish Fund<br>-<br>**TOTAL FUNDS**<br>669,978|Net<br>movement<br>At<br>in funds<br>31.8.23<br>£<br>£<br>(53,725)<br>616,253<br>1,466<br>1,466<br>(52,259)<br>617,719<br>Resources<br>Movement<br>expended<br>in funds<br>£<br>£<br>(658,602)<br>(53,725)<br>(1,116)<br>1,466<br>(659,718)<br>(52,259)<br>follows:<br>Net<br>movement<br>At<br>in funds<br>31.8.24<br>£<br>£<br>(135,886)<br>534,092<br>5,887<br>5,887<br>(129,999)<br>539,979|
|---|---|



Page 25 

continued... 



**Northern Academy of Performing Arts Educational Trust** 

## **Notes to the Financial Statements - continued for the year ended 31st August 2024** 

## **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|1,258,172|(1,394,058)|(135,886)|
|**Restricted funds**||||
|Frankish Fund|8,538|(2,651)|5,887|
|**TOTAL FUNDS**|1,266,710|(1,396,709)|(129,999)|



## **20. RELATED PARTY DISCLOSURES** 

There were no related party transactions for the year ended 31st August 2024. 

Page 26 



## **Issuer** 

Smailes Goldie 

**Document generated** Mon, 9th Jun 2025 14:38:11 BST 

**Document fingerprint** cbe6fee84208ceadc627de48ea07ae86 

## **Parties involved with this document** 

## **Document processed** 

## **Party + Fingerprint** 

Mon, 9th Jun 2025 16:02:47 BST Mon, 9th Jun 2025 16:02:47 BST Mon, 9th Jun 2025 16:04:20 BST 

Chris Gruca - Signer (3e08b273a068f3d2489a36c36f1b9af0) Helen Rhodes - Copied In (5bda38fdab7b2c2b930cd8df25f732d5) Luke Taylor - Signer (5174dfcffb6288333507dc73080c235a) 

## **Audit history log** 

## **Date** 

## **Action** 

Mon, 9th Jun 2025 14:38:11 BST Mon, 9th Jun 2025 14:38:11 BST Mon, 9th Jun 2025 14:44:13 BST 

Mon, 9th Jun 2025 14:44:15 BST Mon, 9th Jun 2025 15:56:59 BST Mon, 9th Jun 2025 16:01:52 BST Mon, 9th Jun 2025 16:02:47 BST Mon, 9th Jun 2025 16:02:47 BST 

Mon, 9th Jun 2025 16:02:47 BST 

Mon, 9th Jun 2025 16:02:48 BST Mon, 9th Jun 2025 16:02:50 BST Mon, 9th Jun 2025 16:03:11 BST Mon, 9th Jun 2025 16:03:16 BST Mon, 9th Jun 2025 16:04:08 BST Mon, 9th Jun 2025 16:04:20 BST Mon, 9th Jun 2025 16:04:21 BST 

Envelope generated by Gill Waters (213.249.229.122) Document generated with fingerprint cbe6fee84208ceadc627de48ea07ae86 (213.249.229.122) Sent the envelope to Chris Gruca (chrisgruca@hotmail.com) for signing (213.249.229.122) Document emailed to chrisgruca@hotmail.com Chris Gruca opened the document email. (31.94.29.68) Chris Gruca viewed the envelope (31.94.29.68) Chris Gruca signed the envelope (31.94.29.68) Sent the envelope to Helen Rhodes (Helenrhodes@smailesgoldie.co.uk) for signing (31.94.29.68) Sent the envelope to Luke Taylor (luketaylor@smailesgoldie.co.uk) for signing (31.94.29.68) Document emailed to luketaylor@smailesgoldie.co.uk Document emailed to helenrhodes@smailesgoldie.co.uk Luke Taylor opened the document email. (72.145.83.65) Chris Gruca opened the document email. (31.94.29.68) Luke Taylor viewed the envelope (213.249.229.122) Luke Taylor signed the envelope (213.249.229.122) This envelope has been signed by all parties (213.249.229.122)