mailes Goldie
CHAA TERED ACCOUNfAP4TS
REGISTERED CHARITY NUP41BER: 1076867
Northern Academy of Performing Arts
Educational Trust
Financial Statements
31 st August 2025
I¢AÉW
CHAf¢TERED
ACCOVNTANTS

Northern Academy ofPgrforming Arts
Edu¢ati¢nal Trust
Contants of the Financial Statements
for the year gnded 31st August 2025
Pagè
Reforgncg and Administrative Detalls
Chaimian's Report
Report of the Trustees,
9 10 10
Independent ExamI￿r,9 Roport
Statement of Flnanclal Acllvltles
12
Balanc• Sh88t
Cash Flow Statement
14
Nots5 to the Cash Flow Statsment
Notes to the Financial Ststsmonts
16 10 23

Northern Academy of Perfomilng Arts
Educational Trust
Reference and Admlnl$tratlv& Details
for the yèar ended 31st August 2025
TRUSTEES
C Gruca (chair from 30151251
K Butler
J M 81enkam {Chairl (resigned 30.4.20251
SPKind
G Farringlon (resigned 30.4.2025}
L Pearson (appointed 1.9.20241 (resigned 30.4.2025}
C Ballingham lappoinled 1.9.20241 Iresigned 30.4.2025)
H Dunn lappoinled 1.9.20241 Iresigned 30.4.20251
PRINCIPAL ADDRESS
50 Anlaby Road
Hull
East Yorkshire
HU12PD
REGISTERED CHARITY
NUMBER
1076867
INDEPENDENT EXAMINER
Smalles Goldie
Chartered Accountsnls
Regent's Court
Prfncess Street
Hul
East Yorkshire
HU2 88A
BANKERS
Barclays 8ank PLC
Hull Corporate Banking Cenlfe
Hull
East Yorkshire
HU1 1RN
CHIEF EXECUTIVE OFFICER
Carl W)ealley (resigned 31171251
DIRECTOR OF OPERATIONS
Jamie Wllks lappoinled 31171251
DIRECTOR OF EDUCATION
Katie Wright (appointed 31t71251
Page I

Northem Acaderny ofP•rfomilng Arts
Educational Trust
Chairman's Report
for thg yoar ended 31st August 2025
The Trust's achievements forthe year are summarised by our Director of Operations Jamie Wilks and
Dire¢tor of Education Katie Wright, as follows".
Introduction
NAPA is a pioneering perfomiing arts charity for adults and children, offering dasses in dance, acting and
mu$i¢al theatre. We run a full-time Level 3 Performing and Products'on Arts course in partnerghip wlth
Wilberforce College, and UAL (University of the Arts, London). INe also run a highly successful School Outreach
Programme, working wlh local primary schools on children'9 performing arts skills.
Ourhome
Many of our students go on lo WO￿ in the industry, bul our main aim is lo inspire seff-confKlence, communication
skills and self-worth in the hundreds of students who attend our classes every week.
NAPA School
Over the full academic year, we had over 789 individual students tske part in the 'NAPA School'_ our extra.
curricular activit￿S that run weekly during term lime and as school holiday5 clubs.
We ran dasses in Acting. Musical Theatre and Dance for young people aged be￿een 2 to 22.
Alongside these we ran several classes for adults, Adutt Musi¢al Theatre, Adult Acting. Adult Tap, Adult Ballet.
Over 55s Drama, and a Visually Impaired Perfomier Class.
We managed lo hold Class prices and not pass any increase$ onlo our customers this year, lo make our
activities as financially accessible as possible
Page 2

Northern Acad•my of Parfomiing Arts
Educational Trust
Chaimian'6 Report ¢onUnugd
This year due to several enquires we also ran a one-year intensive GCSE Drama course wlh 6 students
enrolled. All students passed the GCSE, achieving 3 x Grade 6, 2 x Grade 5, 1 x Grade 4.
Musical Theatre classes worked towards perfoman¢es in our studio theatre., Christmas Cracker. CATS Jr,
Peter Pan Jr, Our Heuse, Spring Awakening, High School MLJsical 2, and end Of term Showcases.
Ws also $laged a large-sca18 musical theat￿ pr(￿UctIon of ANNIE, at Hull Truck Theatr8 in April 2025. Over 70 young
ople auditioned to be in the show and the final cast gave 36 young peop￿ the opportunity to tske part In a professional
standard production at a major regional venue in front of a widei putslic audien¢e
ANNIE- Hull Twck Theatre
Our Acting classes staged perforMan￿s., Hansel and Gretel, The Sin5 Within. The BFG, & NffJht of The Living
Dead. We had two students enter LAMDA acting exams both achieving Distinction.
We entered 19 students for London College of Music Singing Exams all achieved high marks wlh eilher
distinction or merits awarded
NAPA5 dance department had another busy year, alongside their annual dance performance featuring over
200 students at The Middleton Hall, they also staged a Dance festival showcase in the NAPA theatre. They
entered several festivals and competitions over the year including Hull Music Festival, Euphoria Dance Festival,
and Can You Dance in Sheffield. A group of student5 perfomed several piece5 al the Humberside Police
Lifestyle Awards, representing achievements of young people across the city. Our male identfying Dan
Troupe 'EMERGENCE' filmed a dance music video on location at Bail Wood Scout Campsite.
NORTHERN STARS 2025
Page 3

Northorn Acadamy of Performing Arts
Educational Trust
Chalmian'$ Report continued
Our VIPS and Over 55's actors staged their double bill al the beginning of October. This was very well received,
and ticket sales were good. These groups not only leach valuable skills but also combat loneliness and are a
real support to P8rti¢ipanls. They went on to work on a show titled'when Cannons Were Roaring, a project part
funded by the Hull Marilime Project that was designed lo raise public awareness ol a local heritage based
around the Hull South Block House. The showtoured to several venues, Hull Minster. Hymers College, Victoria
Dock village Hall and NAPA. It was very well attended, and we have some fantastic feedback from audiences
and those taking part in Ihe project. They also look part in two other community projects. Freedom Festival
2025 and High Windows as part of the Avenues Open Gardens event.
NAPA Colle
The fourth year of the full-time course IUAL Level 3 Perfomiing and Production Arts) started wlh 15 new
students enrolling bringing our total number of full-lime students to 27. Throughout the year they staged
several public perfomiances CL¢lminatsng in a joint final major project the musical 'THE BOY FRIEND,.
This year we also saw the launch of a new fLJII-time course in partnership with Wilberforce College IUAL Level
4 Professional Diploma in Performance). Recognising a need in the region for qualkty training beyond level 3
for those students taking gap years, not yel ready lo leave home or maybe not achieving their first choices of
higher education pla￿ment straight after sixth form and wanting lo continue to develop and grow. After initia5
advertising we auditioned over 20 Students forlhe course and accepted 15 onto thefirsl yearlo start September
2025.
Level 3 Destinations
Many of our lull-time student5 go on to audf(ion for degree level training al a range of top performing art$ schools
across the UK- average of 5 applications per student.
All students saw some 5ucces$ in the fom of inleNiews and recall auditions
(Many performing arts schools take just 12 students per year group- e.g. al ArtsEd the successful application
rale is lower Ihan Oxford Univeisily and Royal Welsh Conservatoire have approx. 3000 applic8nls and approx.
250 make il through lo the 2nd roundlrecall auditions).
8 students secured places on BA ¢ourses.
1 student sewred BA in Actor Musicianship al Mounlview College
4 student sewred BA in Musical Theatre al Perfomeis College
1 student secured BA in Acting al Performers College
1 Student secured BA in Mugical Theatre at the University of Lhcoln
2 Stijdents secured HNC in Performing Arts at Hull College
All perfomiance pathway students We￿ offered at least 1 pla¢e al a school 8 have taken a gap year, t
continue to develop their skill sets and performance experience and re-apply next year to have a stronger
hance at an excellence pathway at top schools. 6 students are retuming as students on the new Level 4
course.
NAPA Outreach
We saw a drop in the number of schools who've signed up for the Otrtreach programrne, all due to school
budget conslraint5. 16 school$ signed up for the coming year. This is a reduction from 18 schools last year.
De5pf(e the drop we are still delivering vf(al perfomiing arts experiences lo approximately 3300 students weekly,
enriching their day-to4ay school lives and benefrtling them in many ways i.e. physi¢al aclivily. creative
exp￿sSiOn, confidence, team building, language skills, musicality.
Events and Performance5
Over ￿ Sundays, 8th & 15lh Septernber we opened the building to the public a5 Part of the Hentage Open
days. We had as several small group5 tours each day, all who attended were extremely interested lo find out
more about the building and f(s history.
Page 4

Northern Acad&my of Porforming Arts
Educational Trust
Chaimian's R&port contlnuod
Below 1$ a Ilst of all other public ￿rformanCeS and event NAPA took part in ovgr thè academic year
Date
Event
0￿F EnglandI￿nClaY Moinln
Dance Fesiiv;Il Shu'wici)Se
An Evening In5
Ired bythe musical Salad Days
NAPA FANS.. Quiz Ni
hl
RENT
Company
NAPA VIPS and Over 55's Acin
NAPA &hotsl
NAPA College
Fun(J¥¥)i%ifig Event
Exteinal Hire- kknll Univeisl Performing Arts Soclety
NAPA Ouiri'.ach
NAPA Outreach
NAPA CollLbgie
Fundr8lsing Event
NAPA *hllol
NAPA School
EAtLirnil Hire. The Chdmeleon Playors
NAPA School
NAPA khool
Fundrgising Eveni
NAPA khool
NAPA School
NAPA khool
NAPA VIPS and Over 55's Aciing Cxass
NAPA Collcgc
NAPA khool
NAPA School
NAPAkhool
NAPA Schuol
NAPA School
NAPA School
NAPA School
Sep.24
Nnv.24
Nov-24
Ni)v.24
arthe Centre of the WDrld
aass
Nov-24
SI GL'aof41L"
Prim(Iry Schvi)I XincJS Show
Collingwood Prima School Xmas Show
Changing PprspectivEs
An(Jrew an(J Padd
's Q)rlsrmas Conceri
Chi Isinias Cr3cker.- PriFndly Musical Tlieaire thri5tma5 Show
(hri5tmas O
en aass.. Pre Primary Musical Theatre
ThL, (ALimL.Icvn Plrjyilis D()ublLi Bill
G4TSthe Muslcal
INFLUEN(ED- GCSE Di(Imd
NAPA Red and 81ack Gala
Tlie Sins Within-. IriierinL,diaie 2nd Senior Acting Showcase
Peier Pan (Tue & Wed Group)
Peiei Pan ISalurdJy Groupl
When Cannons Were Ro8rine- rhe Story of Hull's &uih Blockhouse
Ali Evp.nin
()f DiiVl%Q.d Piece%- UALPiojecl 2
Han5el and Greiel
Our HuusL
Spring Awakenlne
High Srhnnl MiJ%irrf112 ITur.%day Croup)
h School Musical 2 (Saturday Grou
ANNIE- HLIII Truck Th￿atrO
The BFG (Junior Acting Showca5el
Jan-25
Dec-24
Dei-24
Dec.24
Jan-25
F(.,b-25
Feb-25
FL>b-25
Feb-25
Mai-2
MBr-25
Mdr-25
M3r-25
MJy-25
May-25
M4?y-25
-25
Apr-25
Jun-25
NAPA CDllegc
Exiern81 Hire Wilberforce Cblle
NAPA Srlir)t)I
NAPA School
NAPA School
NAPA Outreach
NAPA Outfecich
NAPA School
NAPA S(.'ho()I
NAPA School
NAPA S¢hi)al
NAPA School
Ju￿-25
Wilberforce FSIM Festival
Nigiht DI IhL, LivinE DL'Jd
The Wltches ot Easmick
Noitliern Stais 26- MidclletDn Hcl11
CA)Ilin
wood Prima
School ￿rnrner Show
SI GcdofllL'S Primciry *.hi)i)I Siimmi'.r Show
Junlor Song and Dance Showcase
SL'iiior &Jng dnd DancL, ShDvJr(JSL'
Dance &mmei khool Perfoimances 2025
Musical fhec?Ire Summer sc.hool Porf(Irmilnces 2025
Actin
Jmmer *hool Perfoiman¢e 2025
Jun-25
lul-25
lul-25
Jul-25
lul-25
lul-25
Aug-25
Au
-25
Page 5

Northern Acadomy of P8rforming Arts
Educational Trust
Chaiman's Roport contlnuod
anisational Chan
es
Carf Wheatley NAPA$ CEO since 2019. announced in April that he would be leaving the Charity at the end of
this academic year to take a up a new Position as CEO of The WISHH Charty The trust took this opportunty
to review NAPAS management strucbjre and chose under Carf's advice from his past 5 years, experien￿ to
cre81e a joint leadership structure, splitting the CEO role into two defined areas of responsibility Coming under
the lilles Director of Operations, and D1￿Clor of Education. After a recruitment process, two longslandir@
members of 5tsff Jamie Wilks and K*ie INrighl were appointed to these roles.
Fundraisin
The NAPA Fans group grganised several fundraising events, raffles and draws over the year including an
Anniversary GALA, Pub Quiz Nights, Grand Raffle Draw and over the academ￿ year raised thousands of
pounds lo help support the charty.
This year we also took part in Arts For Impact run by The 8ig Give. A seven-day online match funding campaign
supporting arts and culture charities working lo achtve societal impact across the UK. With the match funding
and gift aid the campaign raised £5406 towards student scholarshlps for the next academic year.
Please find a list of grant fvnding secured over the year.
Hull Cty Council
Hull & East Riding Charitable Trust
ull Maritime Project
University of Hull
The Hedley Foundaticn
Theatres Trust
2.000 - Emergen￿ Boys Dano video costs
2,000
Backstage Studio upgrades
2,920 - When Cannons Were Roaring production costs
15,313
LED Lighting Upgrades
2,730
Visual IMpai￿d Perfom7er5 & Over 55s class ¢osts
5.000
Backstage Studio upgrades
Frankish Fund
This year NAPA raised £3571 through a combination of donations received and fundraising events for the Paul
Frankish Fund. We awarded £1442.00 in grants to cover costs associated with the application and auditsons
proces5 to University and Drama schcols, splrt between 8 Indwiduals.
NAPA Buildin
This year we undertook the huge task of upgrading the old fluorescent lube lighting to LED fixtures. The new
fixtures are muth more energy efficient and need less Mainlonan￿ at there ate no lubes to replace. Thi5
upgrade was made possible with a grant via Humber Innovation Support Programme which paid for 500k of the
cost towards the upgrades.
Page 6

Northern Academy of P•rfom)Ing Arts
Educational Trust
Chaimian'$ Report continued
Lighting upgwjes in pmgress
A muli purpose space on the ground floor of the building IG11, one ol the only spaces accessible by wheel¢hair
users, or uses who required step free access was in much need of some repairs and upgrades to ensure it was
frt for use and a welcomng environment for our students. Vve managed lo secure some grant funding lo make
these upgrades which began this year restoration of the Parquet fk)oring. Vvork will wntinue next year with
new window dressings, restoration of folding room partitions and decoratson, throughout.
NAPA'S home in the Cent￿ ofHull
Page 7

Northom Academy of Performlng Arts
Educatlonal Trust
Chairnian's Rtrport continued
Our building despite the many successes of the year remains a huge concern to us. We a￿ housed in Hull'5 former Art
School, built in 1904. 11,5 an incredible building, Grade Il, ligled, perfect for our use.
Sadly, the building is in dire need of resloralion and repair, the problems are only getb'ng worse. We need some major
nvesln7ent to ensure it remalns a safe friendly environment that enables us to carry out our charitable activrties.
Last year we created a Capital Project Funding Strategy and have been working with a bjndraisei lo help deliver that
51r3legy. We have developed a good relationship with two potential funders. Historic England and the National Lottery
Heritage Fund and will be looking at putting in some bids to both next year lo take the project forward.
Jamie Wilks
Dir&ctor ol OperdtA)ns.
Katie WIFghl
Director of EducalAOn.
Page 8

Northern Academy of Perfomilng Arts
Educational Twst
R•port of the Trustees
for the year ondgd 31st August 2025
The Iruslees p￿sent their report with the financial statements of the ¢harily for the year ended
31st August 2025. The Iruslees 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 Stsndard applicable in Ihe UK and Republic of Ireland IFRS 1021 leffe¢twe 1 January
20191.
OBJECTNES AND ACTIVITIES
Objectivos and aim$
The objectives of the charity are to foster, encourage and provide opportunities for people of all ages to
partiCApale, increase their confidence and enjoy being involved in creative perfoming arts activities.
Public benefit
In setting objectives and planning activities the trustees have given due consideration lo general guidan
published by the Charity Commission relating to public benefit.
Grantmaklng
Grants are payable lo individual$ for help wlh audition costs from money collected through the Frankish Fund.
FINANCIAL REVIEW
Financial position
The annual accounts show a defidl of £54,725 12024 deficjt of £77,740) with a totsl cumulative surplus of
£485.25412024 £539,979) availabk to carry forward.
Al 31 sl August 2025 total funds carried forward a￿ split £478,429 unrestricled12024 £534,092) for general
use and £6,825 reslricled {2024 £5,887) for distribution under the Frankish Fund.
Imiostment policy and obl8¢tlvès
The charity has the power lo make any investment that the trustees see ff(.
Resorvgs policy
The Iruslees consider that a level of reserve5 required in order tor the charity to operate at its current ￿Ve1 of
activity has now been attained
The trustees continue lo ￿VIeW the administrative controls and systems to ensure that all sources of income
a￿ enhanced sufficiently to enable the ftjture development ofthe Academy.
FUTURE PLANS
We will continue to pursue our plans lo increase our collaborative working, lake our productions out of NAPA
more and to offer more places for children who COLJld not olhew5e attend dLJe to financial conslrainls, through
our bursary scheme. These plans would not be p055ible without the strong foundats.ons 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
Governlng documont
The charity is controlled by ils goveming document, a deed of trust and constitutes an L¢nincorporated charity.
The trust is conslituled by Deed of Trust dated 12 May 1998 a5 amended by special re501utions dated 25 July
1999 and 29 June 2006. It 15 ￿gIStered as a charity wth the Charity Commission.
Rgcruitment and appointment of new truSt￿S
Trustees are elected for a period of 3 years on a rolling basis. Trustees are nominated lo 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.
Organi5ational Structure
The charity has a board of Iruslee8 that meets regularly and is responsible for Ihe strategic direction and policy
of the trust's work.
The trust employs several workers lo whom the Iruslees delegate the day lo day responsibility fof the provisii)n
of services. including artistic development. produth'on. leaching and administration. Regular staff meetings
occur throughout the year.
Induction and training of n•w tru$tso$
There is no fomal training provided by the charity as most trustees are already familiar with the practica5 work
of the trust. The role is formally discussed with an existing serving trustee, for new Iruslees lo familiarise
themselves.
Page 9

Northern Academy of Performing Arts
Educational Trust
Report of thè Trustees
for thè year &ndad 31st August 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Related parties
The trust does not have any dose relationship5 wlh any other group or party operating entirely on its own. All
classes and perfomiances are advertised k)cally within school$ and other council premises.
Rl$k management
The trustees have a duty lo identify and review the risks lo which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
The Iruslees have a risk managernenl 51rategy that comprises..
An annual r8view of the risks the trust may face..
The eslablishrnent of sy51erDs and prO￿dureS to mitigate those risks identified in the plan.,
The implementation of procedures design&d to minimise any potential Impact on the charity shoukl those risks
materialise.
This work has identified onty a few minor new risks, bul il has ￿S￿lled in better emergency procedures and
contingency plans and has given the Impetus for better planning. Particular attention has focused on non-
financial risks arising from fire, health and safely and management ol performing rBJhls. A key element in the
management of financial risk is the detsiled controls and systems that prevail within the trust.
Approved by order of thg board of trustees on 20 May 2026 and signed on its behalf by..
C Gruca - Trustee
Page10

Independgnt Examiner'$ Rèport to tho Truste•s Of
Northorn Acad8my of Performing Arts
Educatlonal Trust
Indgpgndent examinorfs report to tho trustee$ of Northam Academy of Performlng Arts Educatlonal
Trust
I report lo the charity trustees on my examination of the accounts of Northem Academy of Perfomiing Arts
Educational Trust (the Trust) for the year ended 31 sl August 2025.
Rosponsibilities and basis of rnport
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 I'lhe Act'l.
I report in re5pe¢t of my examination of the Trust's accounts carried out under Section 145 of the Act and in
carying out my examination I have followed all applicable 01￿ctiOnS given by the Charity Commission under
SectK•n 14515)Ib} of the Act.
Ind&pendent èxaminarfs statement
Since your charity's grDSS income exceeded £250,000 your examiner must be a member of a listed body. I
Can confirm that l am qualified to undertake the examination because l am a member of the Inslilule of
Charteretl Accountants in England and Wales, which 1$ one of the listed bodies.
I have completed my examination. I confimi that no material matters have come to my attentK)n in connection
with the examination giving me cause lo believe that in any material respect".
accounting records were not kept in respect of the Trust as reqUI￿d by Section 130 of the Act,. or
the accounts do not a¢¢ord wth those records." or
the accounts do not comply wlh the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulation5 2008 other than any requI￿rnent
that the accoun15 give a true and fair view which is not 8 matter considered as part of an independent
examination.
I have no concerns and have come acros5 no other matters in ￿nnectIOn wrth the examination lo which
allenlion should be drawn in this report in order lo enable a proper understanding of the accounts to be
reached.
Luke Damren Taylor Bsc (Honsl FCA
The In8tf(ute of Chartered Accountsnts in England and Wales
Smalles Goldie
Chartered Accountsnts
Regent's Court
Princess Slfeel
Hull
East Yorkshire
HU2 8BA
Date.. 20 May 2026.
Page11

Northern Acadomy of Porfomiing Arts
Educational Trust
Statement of Flnanclal Activities
for the year end•d 31$t August 2025
2025
Total
funds
2024
Total
funds
Unreslricled Restricted
fund
fvnds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,717
7,717
10,341
Charitable activitie$
Performing arts activities
Musical theatre tuili
473.604
148.179
473,604
148,179
453,969
135.323
Other trading activities
Investment income
66,424
6,969
3.571
59,995
6,969
53.081
.537
Totsl
691,883
3.571
695,454
659,251
EXPENDITURE ON
Raising funds
46,132
46,132
36,596
Charitable a¢tlvStle$
Performing arts activitie5
Grants pai¢J for audibon costs
702,605
702,605
1.442
898,860
1,535
1,442
Totsl
748,737
1.442
750,179
736,991
NET INCOMEIIEXPENDITUREI
Transfers between fundg
156.8541
1,191
2,129
154,7251
177,7401
Not movamgnt in funds
166,6631
164,7251
177,7401
RECONCILIATION OF FUNDS
Total funds brought foward
534,092
5A87
539,979
617.719
TOTAL FUNDS CARRIED FORWARD
478,429
6,82S
485,254
539.979
The notes fomi part of these financial slalemenls
Page 12

Northern Academy of Porfomiing Arts
Educational Trust
Balance Sheot
31st August 2025
2025
Total
fund$
2024
Total
fund5
Unrestricted Restricted
fund
funds
Note5
FIXED ASSETS
Tangible assets
14
180,833
180,833
144,S83
CURRENT ASSETS
Debtors
Cash al bank
15
13,505
418,284
13,505
425,109
43,555
502.656
6,825
431.789
6.825
438,614
546,211
CREDITORS
Amounts falling due within one year
16
142,29BI
142,2981
140,9771
NET CURRENT ASSETS
389,491
6,825
396.316
505,234
TOTAL ASSETS LESS CURRENT LIABILITIES
670,324
6,82S
677,149
649,817
CREDITORS
Amounts falling due after more than one year 17
191.8961
191,8961
1109.8381
NET ASSETS
478A29
6.826
485,2S4
539.979
FUNDS
un￿StriCted funds..
General ftjnd
Restricted funds..
Frankish Fund
19
478,429
534,092
6,825
5,887
TOTAL FUNOS
465,254
539,979
The financial ststemenls were approved by the eoard of Trustees and authorised for issue on 20 May 2026
and were signed on ils behalf by..
C Gruca - Trustee
The notes form part ol these financial slalements
Page13

Northam Academy ofPorforniing Arts
Educational Tw$t
Cash Flow Statement
for th• ygar ended 31st August 2025
2025
2024
Notes
Cash flow$ from oparating activities
Cash generated from operations
Interest paid
11S,2491
177,3931
10,886
Nel cash used in operating activities
124,S031
188,2791
Cash flows from investing activitie5
Purchase of tangible fixed assets
Inte￿$t received
144,2671
5,959
{3,7901
6,537
Nel Cash (used iillprovided by investing acliwlies
138.3081
2.747
Cash flows from financing activitɕ$
Loan repayments in year
Net cash used in financing activilios
114.7361
112,3771
Changè In cash and cash equivalènts
in the reporting period
Cash and cash equivalents at th&
beginning of the rnporting period
177,$471
197,gJ91
602,656
600,565
Cash and cash equlvalents atthe and
of the reporting poriod
425.109
502.656
The notes fomi part of these financial statements
Page 14

North&rn Acadèmy of Parforniing Arts
Educational Trust
Not6s to tho Cash Flow Statement
for the y¥ar ¢ndgd 31$t August 2025
RECONCIUATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2025
2024
Net expenditure for the rèporting pgrlod las par tha Statemont
of Financial Activities}
Adjustments for:
Depreciation charges
Interest ￿ceiVed
Interest paid
De¢￿aSe in debtors
Decrease in creditors
1$4,7261
177,7401
8,017
15,9S91
9,254
30.050
1.B86
5,479
16,5371
10,886
22.687
32.168
Not cash us8d in operations
115.2491
177,3931
ANALYSIS OF CHANGES IN NET FUNDS
Al 1 9.24
Cash flow
At 31.8.25
Not cash
Cash at bank
7.547
425 109
502.656
7.S47
42S.109
Dobt
Debts falling due wf(hin 1 year
Debts falling due after 1 year
113.0901
{109,838
3,2071
17,943
116.2971
91.895
{122,928
14,736
{108,192
Total
379 728
316 917
The notes fomi part of these financial Statements
Page 15

Northorn Academy of Porforming Arts
Educational Trust
Notes to the Financial Statsmonts
for th• year •ndod 31st August 2025
ACCOUNTING POLICIES
8a81s of preparlng the financial statements
The financial slalements of the d)arity. vthich is a public benefit enlily under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities..
Slalement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial RetM)rting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective
1 January 20191., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in
the UK and Republic of Ireland, and the Charities Act 2011. The finanaal stslemenls have been
prepared under the historical cost convention.
Inct)m8
All income is recognised in the Statement of Financial Activities once the tharity has entitlement to the
funds, il is probable that the income will be ￿ceiVed and the amount can be measured ￿lIablY.
In¢ome from donations and grants is included in incoming resources when the9e are receivable, ex¢ept
as follows..
When donors specify that donations and grants given to the charity musl be used in future a¢¢ounting
periods, income is deferred until these penods When donors impose conditions which have to be
fuffilled before the charity becomes enlilled lo use such income, the in¢ome is deferred and not included
in incorning resources until the p￿-COndItIonS for the use have been mel.
When donors specify that donations and grants are for particular restricted purposes, which do not
amount lo pre-conditions regarding ents'tlement, this income is included in incoming resources of
reslricled funds when receivabk.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, f( is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. ExpendiluTe is
accounted for on an accruals bas15 and has been clasSif￿d under headings that aggregate all cost
related to the category. Vvhere costs cannot be directly attributed to particular headings they have been
allocated to activities cn a basis consistent wth the use of resources.
Grants offered subject lo condits'on$ which have not been met al the year end date are noted as a
commitment but not accrued as expenditure.
Raising funds
Incorne from productions and show admission fees, together with cafe income, is included in incoming
resources in the period in which they are re￿1Vable.
Invostment income
Investment income is included when ￿ceivable.
Gov•rnanc• costs
Governance costs ￿preSentS the costs associated with meeting the statutory requirements of the
Charity.
Allo¢ation and apportionment of costs
Resources expended are recognised in the period in which they a￿ incurred. They indude attributable
VAT which cannot be recovered.
Costs of generating fvnds comprise the Costs associated wrth attracting voluntary income and the costs
of productions, shows and the Cafe.
char((ab￿ expenditure compri5e9 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 lo support them.
All costs a￿ allo¢ated be￿een expend((ure categories in the ststement of fi'nancial activilles on a basis
designed to reflect the use of the ￿SOurce.
Tangible fixed assets
Depreciation is provided * the following annual rates in order to write off each asset over ils estimated
useful life.
Page 16
continued...

Northem Acad&my of Perfomiing Arts
Educational Trust
Notes to th& Financial Statements - contIn￿d
forth& y•ar gnd&d 31st August 2025
ACCOUNTING POLICIES -contin￿d
Tangibl8 fixed assets
Freehold property
Fixtures and fittings
Computer equipment
2% on cost
10% r)n ¢ost
10% tsn cost
All fixed assets are initially recorded al ¢051, which is then depreciated over the estimated useful life of
the asset COn￿med.
Taxatlon
The charity is exempt from lax on its charitable actwities.
Fund accounting
Unrestricted funds can be used in aecordan¢e wlh the charitable objectNes al the discretion of the
Irusleos.
Designated lunds are unreslricled funds earmarf(ed by the trustee's for particular purposes.
Restricted funds can only be used fr)r partiCLJlar restricted purposes within the objects of the ¢harily.
Reslriclion$ arise when spea1￿d by tre donor or when funds are raised for parti¢ular restricted
purposes.
Further explanabon of the nature and purpose of each fuTKI is included in the notes lo the financial
stalemenls.
Pension costs and other postryretirèment beneflts
The charity operates a defined contribution pension scheme. Contributions payable to the charity's
pension scheme are charged lo the Statement of Financial Activities in the period to which they relate.
DONATIONS AND LEGACIES
2025
2024
Donations
7,717
10.341
OTHER TFiADING ACTIVITIES
2025
2024
Fundraising events
Cafe income
Sponsorships
13,973
48,022
6,865
44,216
2,(K)O
53,081
INVESTMENT INCOME
2025
2024
Deposit account interest
5,959
6,537
Page 17
continued...

Northern Academy of Performing Arts
Edu¢ati¢nal Tru$t
Notes to thg Financial Ststoments - ¢ontinugd
for tha year ended 31st August 2025
INCOME FROM CHARITABLE ACTIVITIES
2025
2024
Perfoming
arts
activities
Musical
theatre
luilDn
Total
activities
Total
activitie5
Dired income
Outreach
Grants
443.641
443,e41
148,179
29,963
463,969
135.323
148.179
29,963
473 604
148 179
621783
589 292
Grants ￿Ce￿ied, induded in the above. are as follows..
2025
2024
Hull City Council
Hull & Ea51 Riding Charitable Trust
Hull Marrtime Project
University of Hull
The Hedley Foundation
Theatres Trust
2.000
2,000
2.920
16,313
2,730
5,000
RAISING FUNDS
Other trading actlvltles
2025
2024
On-site cafe staff costs
On-site cafe costs
Fundraising costs
17,682
22A13
6,037
13,865
22,731
CHARITABLE ACTIVITIES COSTS
Grant
funding of
activities
(see note
Direct
Cos15 {5ee
note 81
SLJPPOrt
costs Isee
note 101
9}
Totals
Perfomiing arts adivities
Grants paid for audition costs
677.782
24.823
702,603
1,442
1,442
677.782
24,823
Page 18
continued...

Northern Academy of Perfomilng Arts
Educational Trust
Note5 to tho Financial Stst•m•nts - continuèd
for the year ended 31st August 2025
DIRECT COSTS OF CHARITABLE ACTIVITIES
202S
2024
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Postage and slalKY)ery
Advertising
Sundries
Freelance and instructor costs
Repairs and maintenan
Production costs
Exam and festival fees
Consultancy
Hire costs
Oeprecialion
273,703
4,155
12.000
23,806
12,974
4,160
11,617
7,971
238.359
15.690
34,Y11
7,805
19,SOO
3.314
8,017
266.225
3,777
15,809
18,499
12.312
6.487
1,541
11,539
228,232
22,354
49,858
13,232
16,800
3,498
5,479
677,782
675,642
GRANTS PAYABLE
2025
2024
Grants paid for aL#dilion costs
1,442
1.535
10. SUPPORT COSTS
Governance
costs
Performing arts 8clivilie$
24.823
Support costs, included in ihe above, are a5 follows..
2025
Performing
arts
activities
2024
Total
activits'es
Accountancy
Profe55ional fee5
Bank charges
Book-keeping
Intere51 payable and similar charges
7.674
4,716
2,065
1,12S
9,264
6,240
4.Q49
2,043
10.886
24.823
23.218
Page 19
continued...

Northern Academy of Porfomiing Arts
Educational Trust
Nots$ to the Financial Statements - contlnued
for the year ènded 31st August 202S
11. TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31st August 2025 norfor the
year ended 31 sl August 2024.
Trusts•$' •xpens8s
There were no trustees, expenses paid for the year ended 31 sl August 2025 nor for the year ended
31 st August 2024.
12. STAFF COSTS
2025
2024
Wages and salaries
Social security ¢osts
Other pension costs
250,472
17.532
S,699
243,318
17,788
5,119
273 703
266,225
The average rnonthly number of employees during the year was as follows..
2025
2024
Dance and perfornan¢e
Administration
No employees received emoluments in excess of £60,000.
13. COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES
Unrestricted
ftjnd
Restricted
fund5
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,466
2,875
10,341
Charitable activiti¢s
Perfoming arts activities
Musical theatre luilion
453,969
135.323
453,969
135,323
Other trading activities
Investment income
50,000
6.537
3.081
53,081
6.537
Total
653,295
5.956
659,251
EXPENDITURE ON
Raising ftjnds
36,596
36,596
Charltabla activities
Perfomiing arts a¢livrties
Grants paid for audition costs
698,880
698.860
1.535
1,535
Total
735,456
1,535
736,991
NET INCOMEIIEXPENDITUREI
182,1611
4.421
177,7401
RECONCILIATION OF FUNDS
Total funds brought forward
616.253
1,466
617.719
Page21
ntinued...

Northern Acadamy of Perforniing Arts
Educational Trust
Note$ to tho Financial Statements - ¢ontlnu&d
for the year èndad 31st August 2025
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continu•d
Unrestricted
Restricted
fund
funds
Tola
funds
TOTAL FUNDS CARRIED FORWARD
534.092
5,887
539.979
14. TANGIBLE FIXED ASSETS
Fixture$
and
fittings
Freehold
property
Computer
equipment
Tota15
COST
Al 1 st September 2024
Additions
231,746
114,B78
44,267
63,117
409.741
44,267
Al 31 st August 2025
231.746
169,145
63.117
464,008
DEPRECIATION
Al 1st September 2024
Charge for year
93,388
4.635
110.163
3,208
61,607
174
265.158
8,017
Al 31 st August 2025
98,023
113,371
61,781
273.176
NET BOOK VALUE
Al 31 st Augug12025
133,723
45,774
1,336
180.833
Al 31 st August 2024
138,358
4.715
1,510
144.583
15. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Trade debtors
Prepayments
9,161
4,344
40,788
2.767
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025
2024
Bank loans and overdrafts (see note 181
Trade creditors
Social securrty and other tsxes
Other creditors
Accrued expenses
Deferred government grant5
16,297
4,357
6,537
13,090
8,750
5,357
8,431
5,349
8.107
7,000
42,298
40,977
Page21
continued...

Northarn Acadamy of Porforniing Arts
Educational Trust
Notes to tha Flnancial Statements . contlnuod
for the year ended 31st August 2025
17. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025
2024
Bank loans (see note 181
91,896
109.838
18. LOANS
An analysis of the maturity of toans is given below..
202S
2024
Amounts falling due wlhln one year on demand..
Bank loans
16.297
13,090
Amounts falling due be￿en tw¢ and five years..
Bank loans- 2-5 years
91,89S
109,838
19. MOVEMENT IN FUNDS
Net
movement
in fLJnds
Transfers
between
funds
At
31.8.25
Al 1.9.24
Unrastrlcted funds
General fund
$34,092
156.8541
1,191
478.429
R&strict&d funds
Frankish Fund
5,887
2.129
6,825
TOTAL FUNDS
539,979
154,7251
485,254
Net movement in funds, included in the above are as follows".
Incoming
resources
Resoijrces
expended
Movement
in funds
Unre$trl¢tgd fund5
General fund
691.883
1748,7371
158.8541
Restrictèd fund5
Frankish Fund
3￿71
11.4421
2,129
TOTAL FUNDS
695,454
1750,1791
154,7251
Comparatives for rnovement In funds
Nel
rnovemenl
in funds
At
31.8.24
At 1.9.23
Unrestrlctsd funds
General fund
616.2S3
182,1611
534,092
Restricted fund$
Frankish Fund
1.466
4.421
5,887
TOTAL FUNDS
617.719
177.7401
539,979
Page 22
continued...

Northgrn Acad8my of Performing Arts
Educational Trust
Notès to the Financial Statemefts - contlnuad
for the year 8ndèd 31st August 2025
19.
MOVEMENT IN FUNDS- continued
Comparative nel movement in fvnds. included in the above are as folk)ws'.
Incoming
resources
Resources
expended
Movement
in funds
Unrostricted funds
General fund
653.295
1735.4561
182.1611
R8strict8d funds
Frankish Fund
5,956
11.5351
4,421
TOTAL FUNDS
659,251
1738.9911
(77.7401
A current year 12 months and prior year 12 months combined position is as follows..
Nel
movernent
in fiJnd$
Transfers
between
fundy
At
318.25
Al 1.9.23
Unrestricted funds
General fund
616,253
1139,0151
1,191
478,429
Restricted fund5
Frankish Fund
1,466
6.550
6,825
TOTAL FUNDS
617.719
1132,4651
485,254
A current year 12 month5 and prior year 12 months combined net movement in fund5, included in the
above are as follows..
Incorning
resources
Resources
expended
Movement
in funds
Unrè$tri¢ted funds
General fund
1.345,178
11,484,1931
1139,0151
Rostrictsd funds
Frankish Fund
9,527
12.9771
6,550
TOTAL FUNDS
1,354,705
11,487,170)
1132.4651
20. RELATED PARTY OISCLOSURES
There were no related party transactions for the year ended 31st August 2025.
Page 23

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