Young Creatives Nottingham Charity Number: 1168804 Trustees, Annual Report and Financial Statements for the Period l August 2024 to 31 July 2025
Young Creatives Nottingham Trustees, Annual Report for the Period Ended 31 July 2025 Contents Page 3 Reference & Adminlstration Details Page 4 Strurture, Governance & Management Objectives & Actlvltles Page 5 Achievements & Performance Financial Review Page 6 Declaration Independent Examiners Report on the Accounts Page 7 Report of the Independent Audltors to the Trustees Page 8 Statement of Flnanclal Activities Page 9 Balan Sheet Page 10 Notes to the Financial Statements Page 2 of 10
Young Creatives Nottingham Trustees, Annual Report for the Period Ended 31 July 2025 pforence & Admlnlstratlon Detai15 Charity name: Young Creatives Nottingham Charity number: 1168804 Charity's operating address: Sherwood Enterprise Centre 486 Mansfield Road, Nottingham Postcode: NG5 2FB Names of the Charity Trustees who Manage the Charity Trustee Nome Offlce (If any) Appolnte(I 2020 Andrew Tucker Audra Wynter Jeremy Brown Adunola Kenogbon Davld Stewart 2024 2022 2022 2024 Rohan Patel 2022 Mlchael Khourl-Bent 2016 Nlgel Cooke Sharon Walla Chair 2015 2020 10. lan Roderlck Burton 2022 11. Kate Wand 2023 Names & Addresses of Advisors Name Address & Post¢ode Bank: Virgin Money Independent Terence R Maxwell Examiner: Sunderland SR43 4JB The Old Forge London Road Brampton Suffolk NR34 8EL Page 3 of 10
Youn8 Creatlves Nottlngham Trustees, Annual Report for the Period Ended 31 July 2025 Description of the Charlty's Trusts Type of Governing Document: Constitution How the Charity is Constituted: Charitable Incorporated Organisation Trustee Selection Methods: The Charity trustees will make available to each new charity trustee. on or before his or herfirst appointment: a copy of the current version of this constitution; a copy of the CIO'S latest Trustee< Annual Report and statement of accounts. The charltvs trustees review the board composition at least On a year to consider the skills and experience required and identify any recruitment needs arising. The board determines the best way to select and recruit new trustees. How New Trustees are The chair and an exi5tin8 trustee meets with new trustees to ensure that Inducted and Trained: they understand the nature of their role and responsibilitles and each trustee is issued with formal written guidance regarding this. Individual training needs of any trustees are identified and addressed by the chair. .ObJectlves & Activities Summary of the Objects of the Charity as set out in its Governing Document (l} For the public benefit to educate and advance in life children and young people up to the age of 24 in and around Nottingham, by encouraging, nurturing and developing their creative talent, in particular but not exclusively by facilitating work experience plaMentS and leamin& training and mentoring opportunities for them in creative skills and within the creative industries and by organisin8 an annual awards competition to promote and showcase young creative talent; and (21 such other exclusively charitable purposes laccording to the law of England and Wales) for the public benefit as the charty twstees think fit. Page 4 of 10
Young Creatives Nottingham Trustees, Annual Report for the Period Ended 31 July 2025 4¢bievernent5 & Performance Statutory Declaratlon The trustees declare that they have complied with their duty to have due regard to the guidance on public benefrt published by the commlsslon in exercising their powers or duties. Flnancial Revlew The chariVs trustees recognise the desirability of developlng reseNes to protect the charity and to ensure its sustsinability and are developing a fundraising strategy to achieve that which they expect to implement as and when the charivs financlal clrcumstances allow. In the meantime, the charity's trustees review the charitvs financial position at each trustee meeting io ensure that it always has the funds to meet its activities and commitments. Qth¢r Qptlonal I,nfo.rniation Page 5 of 10
Young Creatlves Nottlngham Trustees, Annual Report for the Period Ended 31 Juty 2025 Declaratlon The Trustee5 dedare that they have approved the Trustees, Report above. Signed on behalf of the Charity's Trustees Sl8nature(s): Full Namels): AiJ Posltion(5): Date: Jg., Independent Examinerfs Report on the Accounts The content and format of the Independent Examlner's report are defined by law. So It is the responsibility of the Examiner to make sure that his/her report Is correttly lald out and slgned. Note that the Independent Examlner cannot sign of his/her report until the Trustees, Annual Report {above) and the Statement of Financial Artivity (below) have been completed, approved and slgned off by the Trustees, Poge 6 of 10
Young Creatives Nottingham Trustees. Annual Report for the Period ETrJed 31 July 2025 Page 7 YOUNG CREATIVES NOTTINGHAM REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF YOUNG CREATIVES NOThINGHAM BASIS OF INDEPENDENT EXAMINER'S REPORT We have Carri out an independent examination in accordance wth the general direction given by the Charty Trustees for the period ended 31 sl July 2025 . The financial stalements have been prepared under the historical cost convention and the accounting policies set oul on page 7. The procedures undertaken do not provlde all the evidence that would be required in an audit and consequenuy we do not express an audit opinion on the accounts. This report is made solely to the Trustees as a body. Our work has been undertaken so that might state to the board of Trustees gioup those matters we are required to state to them in an examiners raport and for no other purpose. RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER The Trustees are responslble for the preparatlon of finan¢ial statements in accordance with applicable law and Unlbj Kingdom Accounting Standards. Our responslblllty Is to revlew the financial statements in accordance th relevant legal and regulatory requirements and United Klngdom Audlllng Standards. STATEMENT In connection wth our examination, no matters came to our attention on review of the accounting records kept by the Charity and the financial statements have been prepared in accordance with guidance of the Charities Commissioners. Tererth R maxw8.il The Old Forge London Road Brampton Suffolk NR34 8EL Dated:
yoUj Craativ8s Nottirgham Trustees, Annual Report for the Period Ended 31 July 2025 P8ge 8 YOUNG CREATIVES NOThINGHAM STATEMENT OF FINANCL4L ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31st JULY 2025 Total Funds 31107r2025 Tot81 Funds 31107r2024 INCOMING RESOURCES Grants Sponsorship Donations Sales 27.935 20,900 4,700 20.000 15,000 4.797 392 TOTAL INCOMING FIESOURCES 53,535 40,189 RESOURCES EXPENDED Marketing & PR Charlty Donatton Invesllng In YCA Alumni- commissions Produ¢tion Gosts Equipment hire Event hlre cost8 Manag8ment rJ)sts Postage DPSth Young Creatlve Awards prizes Insurance SofNvare & IT Stationery And Printing Workshops & training 1,698 2.936 6,187 5.304 2,460 22,754 15.631 1.218 181 181 134 68 5.063 7,0 Total Resour Expended 38.477 32.899 Net Inme 15.058 7.290 Funds brought foThvard Total FuTrJs Caffied Foward 14.746 29.804 7.456 14.746
Young Creatives NottEwham Twstee8' Aftyal Report for the Pgriod Endad 31 Juty 2025 Pap g YOUNG CREATIVES NOThINGHAM BAL41 SHEET AS AT 31st JULY 202S 31107r2025 3110712024 CURRENT ASSETS Bank a&unt 19.748 31304 19,746 NEf CURRENT (LIABILITIES) NET ASSETS 32,303.92 £19.746 FUNDS Sponsry8trfp In Pdjvance Unr&trA*¢d Funds 14,746 Totsl Fund¥ £32.304 £19,748 Approved on fofth of Tru8ta•s CHAIFi" Dated:
Young Creatlves NottÉngham Trustees, AnrMI Report for the Pwiod EThJed 31 July 2025 Page 10 YOUNG CREATIVES NOThINGHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31st JULY 2025 1. ACCOUNTING POLICIES Aco)unting Conventlon: The fin81 Statements have baen prepared under the histiJrk21 cost cnnvenllon as modffied ty the r8valualhJn of certaln flxed assets. Golng CorKwn: The fin8ntJal statements are prepared on the goin9 0)rKem bas15. Incomlng Resources: Income is recognised in the period in 1¢h the charity is entj to recelpt and the aThnt be measured th reasonable certalnty. Ino)me Is defe only th thè dHrity has to fulfil (onditSon8 before becMIj entitl to it cff wthere the donor has speryfied that the Inme Is to be expended in 8 future Whe income Is restriGta to a specific purrKYJ& it ts recognised in the 8c#X)Unng perkjd In vthl¢h the expenditure for the $po¢illed project is incurred. Resources Exp•ed and Basis ofAloestion of Costs: Expendlturè is included In the perlod in IE is Incurred. Expanditure has bean ryrtwj in the financlal statements In the cost category to which it relatss. Funds Accountlng: Funds held by the charlty are: Unrestrlcled Gener81 Funds these are frjnds %thich be used In accordance V¢h the charitable obj'ects at the discrstion of the trustees. these 8re funds that can onty be used for partlcular restrlcted rposes wthln the objects ofthe drty. Restrlcttons arlsa hen $pegfied by the donor. Restri¢tl Funds 2. TRUSTEES. REMUNERATION Trustse8 receive Th) remuneration