REGISTERED CHARITY NUMBER: 1152367 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR NATIONAL YOUTH ARTS TRUST IA CHARITABLE INCORPORATED ORGANISATION) NATIONAL YOUTH ARTS TRUST (A CHARITABLE INCORPORATED ORGANISATION) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Legal and administrative information Report of the Trustees 2to7 Independent Examinerfs Report Slalemenl of Financial Activities Balance Sheet 10 Notes lo the Financial Statementy 11to20 Detailed Statement of Flnancial ActlvitSes (This page does not form part of the 51alulory accounts) 21 NATIONAL YOUTH ARTS TRUST IA CHARITABLE INCORPORATED ORGANISATION) LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 RÉFERENCE AND ADMINISTRATIVE DETAILS Registorgd Charlty number 1152367 Principal Charity Office National Youth Arts Trust PO Box 225 Chessington KT9 9E8 Trusteas The Trustees seNing during the year and lo the dale of this report were as follows: . Trustèas Emma De Souza Nancy Callender AfolabS Ali Sarah Edwards Joanna Kennedy Dominique Moore Farah Beedle Zareen WalkeT Chair - appointed April 2025 Treasurer Resigned Aprtl 2025 Resigned September 2025 All Trustees give their time voluntarily and recelve no benefits from the Charity apart from reimbursed expenses set out in note 8. Secretary Nancy Callender Dlr8ctor of Opèr•tlons Ruth O'Brien- (Maternity leave from January 2024 to December 20241 Ramika Prajapati (Maternity cover appointed November 2023 until September 20251 Admlnlstrator Hannah BalDgun18ppointod September 2024} Independent Examlner Andrea L Klbble FCCA For and behalf of A K Accounting Solutions Limited Chartered Certified Accounlanls Ferneberqa House exandra Road Farnborough Hampshire GU14 6DQ Prlncipal Bankern Metro Bank 1 Soulhamplon Row, London WC1B SHA NATIONAL YOUTH ARTS TRUST (A CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their report, together with the independently examined financial slalements of the Charity for the year ended 31 March 2025. The Trustees have adopted the provisions of Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities 2015" IFRS1021 in preparing the annual report and financial 5talemenls of the Charity. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng document The Charity was incorporated as a Charitsble Incorporated Organisalion on 10 June 2013 and was granted charitable status on that dale. The objeclives of the Charity are to address the on-going crisis in the funding of arts education and lo provide access to a career in the performing arts (drama, dance, and music) for young people aged 12-25 from non-privileged backgrounds. Rocrultment and appolntment of n9w Trustee8 The power of recruiting and appointing Trustees is vested solely in the Board of Trustees. When a vacancy occurs. 8n appointment is made only when the skills and experience of a potential new Trustee have been found to match those required by the role. The Articles stat8 that the number of Trustees shall not be less than three and not more than 15. Induction and tralnlng of new Trustoos New Tru51ees are briefed on their legal obligations under the Charity and company law, ttte content of the trust deed, the committee and the decision-making processes, the business plan, arid the recent flnancial p8rforrnan￿ of the Charity. Trustees are encouraged lo attend appropriate exlemal Iralning events where these will facilitate the undertaking of their role. Governance and Organlsatlonal structure The Board of Trustees administers the Charity and generally meets five times 8 year. 8etween these meetings, meetings of the granl-giving sub-committee are held. A Director of Operations has been appointed by the Trustee5 to manage the day-to-day operations of the Charity. To facllltate effective operations, the Director of Operations has delegated aulhorily, within the terms of d8legation approved by the Board, for operational m3tters. The Director of Operations had taken rnatemily leave, and maternity cover had been recruited on a fixed term basis this was exlerided during the year so th31 we now have two co-direclors. The Directors are supported by a part time administrator who was appointed in September 2024. The charity also engaged a freelance Social Media Manager, supporting our SOC￿81 media strategy working approximately 10 hours a week. Management Day lo day management and decision making of the Charity is delegated to the Director of oPerat￿OnS who works closely with the Trusle8S to fulfil the Charily's objectives and ansur8 th8 smooth and effe¢b've running of the organisation. Th8 Director of Operations land the maternity cover for thi5 rolel report5 to the Chair and the Board. Pay pollcy for $8nlor management tearn The Trustees and the senior management team cornprise the key management personnel of the Charity in charge of direcllng and controlling, running, and operating the Charity on a day-to-day basis. All Trustees give of their lime freely and no Trustee received remuneration in the year. Details of Tnjstees, expenses and related party transactions are disclosed on pages 14 to 15 in notes 8 and 10 ofthe awunls. The pay of the senior staff, and indeed all staff, Is ￿vieWed annually and typically any increases vlll reflect 8n increase In accordance with average earnings. The TNstees' benchmark against pay levels In olher local charities of a similar size that are run on a voluntary basis. Related parties None of our Trustees re￿¢ve remuneration or other benefit from their work with the Charity. Any connection between a Trustee or senior manager of the Charity with service user, external contraclor or suppler of services must be disdosed to the full Board of Trustees in the same way as any other contraclual relationship with a related party. Rèlated paty transactions reported this y8ar include.. The freelan￿ social media servi￿$ are currently provided by a relation of one of our Trustees. These services are provided at arm's length and are approved and agreed by the full Board. We are also partnering YAA on our Vocalized project which ran in Autumn 2023. 2024 and will run again in Autumn 2025. The CEO of YAA is related lo a trustee. All project activities are facilitated independently of the Board by the Director of Operations and Administrator, and all projects and budgets are Bpproved by the full Board. Some of our trustees, workplace {Zareen Walker, Sarah Edwards, and Ernma De Souza) allows NYAT to occaslonally use their office meeting room for our quartedy board meetings pro bono. There were no other related party transaciions during the year, NATIONAL YOUTH ARTS TRUST IA CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES - contlnued FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND PLANNED ACTIVITIES FOR THE PUBLIC BENEFIT The National Youth Arts Trust (NYAT) was founded in 2013 and operates nationwide. The NYAT exists to provide access to a career in the performing art5 for young people aged between 12 and 25 from non-privileged backgrounds. The Charills vision is to see a diverse and inclusive performing arts sector that nurtures talent from any background. The Charity's mission is to ensure that economi¢ disadvantage is not a barrier in accessing quality training and a career in the performing arts. The Charity will carry out these objectives through.. establishing youth theatres in areas which are economically deprived or with few artistic opportunities for young people.. consulting with local organisalions, counci15, and schools lo understand what the need is in the area. We also run drama projects with young offenders in custody. running a theatre lickel scheme for pupils from Schools in disadvantaged areas. We provide free or discounted tickets for several theatre produclions. and the scheme brings many young people from our projects lo the theatre for the very first time. providing bursar4es for On&t0￿ne music lessons. dance dasses and drama school recall audillon and luilion fees for those who cannot afford to fund themselves. Our bursary model Is designed to target talented young individuals with proven rinancial need who require support In learning, developing. and practlsing their art form (ln music, dance, and drama) - helping them eventually into a career in the Arts. Offering one lo one mentoring and career development maslerclasses for graduate NYAT bursary holders to help them navigate the early stages of their careers as an actor in the industry the grant giving committee submilling regular evaluations of our youth theatre, theatre ticket5, mentoring and bursary scherne lo the Board of Trustees. The NYAT Directors of Operations manages the on-going delivery of bursaries and other projects lo ensure thè smooth running of all our ¢harilable aclivilies. MAIN OBJECTIVE FOR 2024.2025 Our priorlty for the 2024-2025 yèar was lo grow our youth theatre prolecls and bursary scheme lo support more young people In their educalion, develop our new mentoring scheme, focus on fundraising for new and existing projects. increase our fundraising capacity and develop strong and long-lasting relationships with new and existing Stakeholders. We also grew our personnel lo include Mo Directors and one Adminislralor. allowsng us lo increase our capacity for new projects and refining our mission. PU8LIC BENEFIT STATEMENT The Trustees have given due consideration to the Charity Commlssion's published guidance on the Public 8enefit ￿qUirement under the Charities Act 2011. We have refeffed to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our airns and objective5 and in planning our future aclivlties. We bèlieve that we have complied with Ihls,. and seek to demonstrate this within this report. NATIONAL YOUTH ARTS TRUST (A CHARITABLE INCORPORATED ORGANISATION) REPORT OF THE TRUSTEES - contlnued FOR THE YEAR ENDED 31 MARCH 2025 GRANT and PROJECT POLICY The Charity established a bursary-making policy lo achieve its objeclives for publlc ben&fit. Applications for our music, dance and access lo higher education bursaries were made online through our website. The Charily invited applications for bursaries from individuals that met the following criteria.. Each applicant musl have had the support of a referee. A referee musl be a 16acher who has taught them in th8 past and can verify the applicant's aplilude for learning music, dance, or drama, through providing a wrallen reference. For music bursar'.es, we only accepted beginners, applications from secondary school age individuals for singing. Atl other music bursary applicants must have already started lessons by the age of 12. For music, our bursaries funded lessons. both inslrumenial and singing, laught by teachers who entered pupils for The Associated Board of the Royal Schools of Music IABRSMI exams. For dance, applications rnust have been for classes laughl by an Imperial Soaety of Teachers of Dance IISTD) teacher, a Council for Dance, Drama and Musical Theatre ICDMTI School, or an Arts Council funded dance company. For access to higher education, the bursary must have been for recall auditions at former Drarna UK accredited drama schools and conservatoires or a Council for Dance, Drama and Musical Theatre School. I bursary applScanls in full time education must have been eligible for Free School Meals andlor Pupil PremSum. If not in full lirne educallon, applicants must have been able lo demonstrate that their financi81 circumstances met the Charity's crilerla. Appllcants were asked lo supply the relevant documentation alongside their appllcation, In support of the clairns made in the application. Our bursaries are open lo all young people aged 12-25 regardles5 of where they live in the United Kingdom and irrespective of sex, gender idenlily, elhnicily, religion, special educational needs. disability, and sexual orienlalion. Using the statistics from our equal opportunities monitoring form, the Board monitor bursary applications lo see if any 9roups, communities, or regions are under- represented, with a viéw to doing more oulrea¢h work. Our bursarles are however, designed to specifically Impact those whose finanGlal rjrcumslances slop them from accessing tralnino opportunities in the Arts. Our chariiable projects help individuals frorn vulnerable or disadvantaged baGkgrounds to fulfil their talents, raise their aspirations and confidence and develop their future employability. Having access lo quality Iraining in the Arts will not only directly benefit the bursary recipient, provlding a life-long skill, confidence, and eventually a career, but also benefit futu￿ generations of audiences and the arts sector in the UK. If only young people from prfvileged backgrounds can engage and train in the Arts, then we 8re perpetuating an environmenl in the arts sector where only a very narrow set of voices are being heard. The Trustees will18unch nèw projects and grant bursaries based on the following guidelines.. Bursaries have a validity of one year (a maximum of £1,000 is granledl, but given our preference for supporting lon*lemi sustainable projects, we will support certain training or proiecls over a longer period if funds allow. Bursary applicants can apply once a year by completing and submitting our application fom, induding details about the individual's financial circumstances. We consider all bursary app1￿CatIOnS submilled. I he irustees hav¢ ¥pll( OUT 5LtlglTie Iiittj Iwu, wlit¥ie wo )1111 ruli vur oprii 3Ghcrnc for individuale oor088 the UK, but 0169 welcome more tsrgeted applicallons from partner organisations who help us identify candidates in need of larger sums of funding. When deading whether to start a new charitable activity, priority will be given lo charitable projects with the most favourable funding lo impact ratio, in tems of benefiting the community. Our allocation process indudes, but 15 not limited to the followng: Bursary applications are evaluated by the Grant Giving Committee. 2. Ml other charitable activitiesl projects are presented to the full 802rd of Trustees. 3. Any i55ueslconcerns are documented and addressed before a project plan can be submilled. 4. A project plan musl be drawn up by the NYAT Director of Operallons or a Trustee and then musl be submitted for consideration by the entire Board. 5. The Board of Trustees make the final decision as to which charitable projects will be supported as well as funding amounts. BLtrsary recipients receive funding for a calendar year. Other projects vary. according to the needs of the beneficiaries of the project in question. Additional emergency funding can be made available, at the discretion of the Trustees. during the year. The Trustees will have absolute discretion over the use of unrestricted donated funds. The Trustees wll ensure that the funds are used for the charitable purposes for which they have been given, by following the 'moniloririg of funds. framewort {as documented its Grant Policy). NATIONAL YOUTH ARTS TRUST {A CHARITABLE INCORPORATED ORGANISATION) REPORT OF THE TRUSTEES - ¢ontinued FOR THE YEAR ENDED 31 MARCH 2025 GRANT and PROJECT POLICY- contlnued In addition to the monitoring framework sel out in the Grant Policy, the Charity would be willing to seek the expertise and opinions of local individualslconsullants capable of carrying out detailed audits, should closer monitoring be required. The Trustee5 acknO￿edge the Charity Commission's guidance for considering local partners with whom to work. The Trustees are mindful of our on-going project costs and rising number of bursary applications. which are expected in the future. Therefore, the Charity is lotsking to deepen slr81egic alliances with institutions, foundations, and charities within the UK. ACTIVITES, ACHIEVEMENT AND PERFORMANCE The Trustees raise funds through personal donations, grants, and sponsorship and through fosterfng relationships with Companies and Institutions that may be willing to financially support the objectives of the Charity. As indic8ted in the financial review section the Charity has achieved a satisfactory result in the tenth year of operation. CHARITABLE ACTIVITES IN 2024.25 Grant8 and projects approved Conlinualion of our Hull and Port Talbol Youth Theatre projects. Planning and fundraising a music project in North Kensington in partnership with charity Youth Action Alliance. Mentor scheme launched with 133 mentees 65 bursaries in music. danoe and dfarna awarded. Providing 600 free Ih6alre tickets to our members. InV￿tment Funds In the previous year, the Charily received a transfer of £178k from the Talbol House Trust (a Trust with similar objectives to NYAT which ha5 now been wound upl. These funds are currently held in an inveslrnent fund with LGT Wealth who are managing the investment5 on behalf of NYAT with performance being reviewed by the Trustees. The Charity intends to hold the remainder of funds as an income producing investment and will ulilise eamed income in chaTilable activities which we find challenging to fundraise far (being core c051s and bursaries), Should the Charity require funds for in the event that other income streams do not dellver the requlred funds for ongoing operations then the trustees will review the need to wthdraw further funds lo cover cosls as reqUI￿d. Other funding sour¢g5 The youth thealre in Hull has been funded by grant giving trusts and Un￿StriCted NYAT funds. Our youth Iheatre project In Port T81bol has also been funded by Trusts and NYAT unrestricted funds. The approved bursary applications represent a cost lo NYAT be￿een the sums of £200 and £1,000 respectively. The mentoring prolecl has been funded by grant giving trusts and unrestricted NYAT fund•, 94 hA6 our th•¥tro titkat Rehom Grant awards In the next Iwelve months the Trustees 8nlicipate'. Existing projects being slrenglhened and improved. New projects being developed lo diversify our charitable activity. An increase in bursary applications and a refinement to the bursary strategy An Increase in the number of bursarles the Trustees will be able to grant. Extension to the mentorship programme More focus on creating long temi relationships with foundations and trusts to support the ongoing aims of the Charity Initiating an investment strategy to optimise the benefits of the transfer in from the Talbot House Trust Recruiting new personnel to help deliver our objectives and expand the charities reach. Regeneratlon Theatre Hamlet Prolect During this financial year, we partnered with Regeneration Theatre In the year lo deliver a one-man production of Hamlet wlh the aim of profile raising for NYAT and providing a paid work placement for one of our beneficiaries. Donations to fund the project were ceived by NYAT and production costs were managed and re-charged by Regeneration theatre. NATIONAL YOUTH ARTS TRUST {A CHARITABLE INCORPORATED ORGANISATIONI REPORT OF THE TRUSTEES - continued FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Flnancial Statements The financial slalements, including the notes, have been prepared in compliance Tmth the Statement of Recommended Pr8Ctice ISORPI "Accounting and Reporting by Charities" 201 g IFRS 1021. The analysis of income and expenditure reflects the classification of activities, together with costs relating to administration. Overvlaw The National Youth Arts Trust INYATI wa5 successful in raising restricted and unreslricled funds from grant giving Trusts, individual giving, corporate and legacy donations. In our tenth full year of opefation. the Trustees continued to improve and refine our financial and business management systems, create awareness of the Charity, and develop new charitable projects. Statement of Financlal Activltles The Sialemenl of Financial Activities is shown on page g, with a more detailed analysis of income and expenditure within the notes to the financial statements. The total income for the year was £262,45012024.' £249,269) which includes £132,250 for a one-off project (Regeneration Theatre Hamlell along with the support of various individual and instilutional donors. Details of grants received of £98,41612024 £35,167) can be found in note 2.1 on page 13. The Charity has also received generous donations and legacies for the current y8ar 01 £30.69112024 £34,464). Expenditure is incurred lo enable the Charity lo perform ils charitable functions and raise additional funds. The lolal expenditure for the year was £242,47512024.' £114,642). £118.944 of this expenditure was incurred on behalf of the Regeneration Theatre Hamlet project. Full details of charitable expenditure are shown in notes 5 to 7 on page 14. Prlnclpal fundlng sources The Charity 1$ dependent upon grants and donations frorn individual donors and institutions. Details of charitable Income is sel out In notes 2- 4 on page 13 ofthe accounts, Balanc8 Sheat The above result led to a surplus of £21,22912024', £143,664), which has resulted in 8 combined fund balance of £214,47812024.' £193,249> al the year-end. An analysis of the funds can be found in note 16 on page 17, with the movernents with each fund detailed in note 17 on paga 18. Investment pollcy The Trustees are responsible for the safekeeping of 811 assets of the Charity and may invest funds as they $88 fil. Re50ry88 Pollcy The policy of the Trustees is that the reserves are reviewed on a regular basis to ensure that they m8intain a level that will provide stable base from which to fund Sts future activlly, whilst ensuring that excessive funds are not accumulated. The Trustees agree reserves should enable normal operating acllvities lo continue for a suitable period should a shortfall in income occur. and lo lake 8ocounl of potential risks and contingencies that rnay arise frorn time lo time. The Charity's goner81 funds are currently £102,611 12024.. £175.4391 and the majority of these are held in long term income produclng investments to fund our Bursary schemes which we Iin(J Il more challenglng io rals8 fuii(J5 lur. Tliv Trustee5 *aie comfortable that operating activities can continue to be funded for a reasonable period. The Trustees have designated £60,000 of the general fund lo speafic designated fund5 (see notes 17 and 18 on page 18 and 19) and have ensured that this designation is aligned with the reseNes policy, ensuring that the remaining general funds are sufficient lo support ongoing operations for al least Six months. This designation is in line with some of our future plans noted on page 7 of this report. Rlsk management The Trustees actively revlew the major risks, which the Charity faces on a regular basis, and have inlemal control policies and procedu￿$ in place to provide r8a50nable assurances against material misstatement or loss. The Truste85 consider the extent to which the grants awarded successfully advance and benefit those to whorn they are granted as a major operational risk. The Trustees manage this risk by retaining Trustees of sufficient skill and expertise lo monitor our projects and the bursary allocation proces5. Where necessary the Trustee5 wll draw on external expertise lo ensure the quality of the projects and the people the Charity supports. NATIONAL YOUTH ARTS TRUST IA CHARITABLE INCORPORATED ORGANISATION) REPORT OF THE TRUSTEES - contlnued FOR THE YEAR ENDED 31 MARCH 2025 Future Plans The Charity's main objective for 2025126 is to Increase NYAT'S impact for more of the country's young undiscovered talent. Our priorities include a new theatre project in Blackpool andlor Great Yarmouth - areas of significant economic disadvantage and a lack of opportunity for young people in the performing arts,. scaling up our bursary fund to meet increasing demand., expanding our Hull and Port Talbol youth theatre workshops, continuing our new Pathway5 Pmjecl with young offenders in Kent and working in partnership with Youth Action Alliance lo deliver Vocalized, a music project for young people from low income backgrounds in North Kensington. We are also expanding our new mentoring scheme for drama school graduates and NYAT bursary holders lo support menlee5 navigate their early careers. We also want to enable more young people to access the theatre and are extending the Teach of our free tickets programme to more regions across the UK. Thi5 rneans our ambitions for the 2025126 year are to focus on gaining guslainable fvnding for our bursary Scheme and. build on the work we have already accomplished and plan new charitable activity- We aim to refine our mission by creating a clear pathway through NYAT for our young creats'ves supporting them in Ih6ir early education, through to higher education and eventually a career In the creative industries. STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees are responsible for preparing the Report of the Trustees and the financSal statements in accordance ￿th applicable law and United Klngdom Accounting Standards {United Kingdom Generally Accepted Accounting Praclicel. The law applicable lo charities in England and Wales, the Charities Act 2011, Ch8ri1y (Accounts and Reports) Regulations 2008 and the provision of the trust deed requires the Trustees to prepare financial slalemenls for each financial year which give a true and fair view of the slate of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those finan¢ial statements, the Trustees are ￿qUired lo.. select suitable accounting pollcies and then apply tham consistently. observe the methods and principles in the Charities SORP 2019 IFRS 1021. make judgements and eslimales that are reasonable and prudent. slate whether applicable UK Accounting Standards have been followed, subject to any m8teHal departures disclosed and explained in the financial statements. prepare the finar,cial statements on the going concern basis unless il is Inappropriate to presume that the Charity wlll continue in oper8tion. Th8 Trusl8es are responslble for keeping proper accountlng records which disclose wlth r8asonable accuracy at any tim8 the financial position of the Charity and lo enable them lo ensure that the financia1 statements comply with the Charities Act 2011, the Ch8rily (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable slep5 for the prevention and detection of fraud and other i￿egUlarities. The Trustees are responsible for the maintenance and integrity of the Charity and flnancial information included on the ChariV5 website. Legislation in the United Kingdorn governing the preparation and dissernination of financial statements may dlffer from legislation in other jurisdictions. ON BEHALF OF THE BOARD OF TRUSTEES Emma De Souza (Chalr} For and on behalf of the Board of Trustees 25 November 2025 NATIONAL YOUTH ARTS TRUST (A CHARITABLE INCORPORATED ORGANISATIONI INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE NATIONAL YOUTH ARTS TRUST FOR THE YEAR ENDED 31 MARCH 2025 I report to the Trustees on my ex8mination of the accounts of the National Youth Arts Trust for the year ended 31 March 2025, which are set out on pages 9 10 20. Responsibilities and basis of report As the Trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charilies Acl 2011 {'Ihe Act,). I report in respect of my examination of the CharSty's accounts carried out under section 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under Section 14515llbl of the 2011 Act. Indepondgnt examlnees report I have completed my examination. I confim) that no material matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the Act., or Ihe accounts do not accord with Ihoso records.. or the accounts do not comply with the applicable requirements conceming th8 fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true 3nrJ fair vlew, which is not a matter oonsldered as part of an independent examinallon. I have no concerns and have come across no other mallers in connection with the exarnination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. 121 {31 Andrea L Klbble FCCA A K Accounting Solutions Limited Chartered Certified Accounlanls Ferneberga House Alexandra Road Farnborough Hampshire GU14 6DQ 25 November 2025 NATIONAL YOUTH ARTS TRUST {A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Totsl funds Unrestrlcted funds Restrlcted funds Notes INCOME FROM: Donatlons and Legacies 45,941 83,166 129,107 69,631 A¢tlvltles for generatlng funds other Income 132,250 132,250 178,087 Investments 724 369 1,551 Total 178915 262 450 249.269 EXPENDITURE ON: RaisSng funds 67,329 67,329 53.168 Charltable actlvltlos Core Acllvilies ProjeGI Costs 6,684 1189e4 13,367 20,051 155095 25,073 Totsl 192,997 242 475 114642 Net incornellexpendlture) beforo transfers 114,0821 34,057 19.975 134.627 Galn8 on Investment assot• 1,254 1,254 9,037 Transfer between funds Net movoment In funds {12,8281 34,057 21,229 143,664 RECONCILIATION OF FUNDS 17 TQTAL PUND¥ 8ROUOHT PORWARD 176,430 17,810 193,240 4Q,585 TOTAL FUNDS CARRIED FORWARD 162,611 214 478 193,249 NATIONAL YOUTH ARTS TRUST (A CHARITABLE INCORPORATED ORGANISATIONI BALANCE SHEET AT 31 MARCH 2025 2025 Total funds 2024 Total fvnds Unrestrlctéd funds Restricted funds Not•$ Flxed Assets Intangible asset5 Investmen15 12 13 150 042 150 042 151001 150,042 150,042 151,001 CURRENT ASSETS Debtors Cash al bank and in hand 14 22,750 22,750 13,054 44,431 58,756 103,187 48,626 CREDITORS Amounts falllng due within one year 15 131,8621 16,889) 138,751) {6,378J NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 162,611 51,867 214,478 193,249 NET ASSETS 162 611 214 478 193 249 CHARITY FUNDS General funds Designated funds Reslricled funds 17 102,611 60,000 175,439 TOTAL FUNDS 214478 193 249 The financial statements were approved by the Board of Trustees on 25 November 2025 and were signed on behalf by.. Emma De Souza- Trustae and Chalr Nancy ender- Trustee and Treasurer -10- NATIONAL YOUTH ARTS TRUST IA CHARITABLE INCORPORATED ORGANISATIONI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 ACCOUNTING POLICIES A summary of the principal accounting policies adopted judgements and key sources of estimation uncertainly in the preparation of the accounts are laid out below. Basis of preparatlon of the Financlal Statoment$ The financial statements have been prepared in accordance wth Accounting and Reporting by ChaTlties'. Statement of Recommended Practice applicable to charities preparing Iheir accokjnts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 1021, the Charitses Act 2011 and UK Generally Accepted Accounting Practice. The address of the regislered office is given in the reference and administrative details on page 1. The n8ture of the Charity's operations and its principal activities are set out in the Trustees, report. N81ion81 Youth Arts Trust meets the definition of a public benefit 8ntity under FRS 102. Assets and liabilities are Initially recognised al historical cost or transaction value unless Othe￿iS8 slated in the rel6vant accounting policy. The financial statements are prepa￿d on a golng concern basls under the hlstorical cost convention, modified lo include certain items al fair value. The financlal statements a￿ prepared In sterling whlch is the functional currency of the Charity and rounded to the nearest £. Judgement and ktty sources of estlmatlon un¢ertainty In the application of the Charity's accounlin9 policies, the Charity is requlred to rnak8 judgments, estimates and assumptions about the carying amount of assets and liabililies that are not readily apparent from other SOUTce5. The eslimales and associated assumptions are based on historical experience and other facloTS that are relevant. Actual results may differ from these eslimales. The eslirnates and underlying assumptions are reviewe(J on an on-going basls. Revisions to accounting eslim8tes are recognised in the period in which the estimate is revised where the revision affects only Ihal period, or in the period of the revision and future periods where the revision affects both cuffenl and future periods. Fund A¢¢ountlng Unreslricled funds can be used in accordance with the charitable objectives al the discffjlion of the Trust8es. Unrestricted funds include designated funds where the Trustees, al their discretion, have croaled a fund for a specific purpose. Restricted fund5 can only be used for restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for reslricled purposes. Where necessary, a quartedy report is sent to the donor detailing the expenditure. Further explanation of the nature and purpose of each fund Is Included in note 18 on page 19. Income All incominq resources are included on the Statement of Financial Activities when the Charity is legally entitled lo th8 income, and the amount can be quantified with reasonable accuracy, Income Is dvlerre(J uiily wli¥ii IhB Clidlity tiiuJt fulfil condilions before becoming entitled lo it or where the donor has specified that the incorne Is to be expended in future period. Donated service5 or facilities are recognised when the Charity ha5 control over the item, any conditions associated with the donated item have been mel. the rèceipt of economic benefit from the use of the Charity of the item is Probable and that economic benefit can be measured reliably. Some of the management and activity of the Charity is carried out by volunteers. In accordance wlh the Charities SORP IFRS 1021, the volunteer time 15 not recognised and refer to the Trustees, report for more infomiation about their contribution. On receipt, donated professional services and donated facilities are recognised based on the value of the gift lo the Charity which ￿S the amount the Charity would have been willing lo pay to obtain services or facilities ol equivalent economic benefit on the open mad