Celfyddydau
Cenedlaethol
leuenctid Cymru
National
Youth Arts
Wales
REGISTERED COMPANY NUMBER: 10449512 (England and Wales)
RREGISTERED CHARITY NUMBER: 1170643
ANNUAL REPORT ANDAUDITED FINANCIALSTATEMENTS
YEAR ENDED 31 MARCH 2024
.*r
www.nyaw.org.uk

Contents of the Financial Statements
for the Year Ended 31 March 2024
Page
Introductions
Report of the Trustees
5 to 20
Report of the Independent Auditors
21 to 24
Statement of Financial Activities
25
Balance Sheet
26
Cash Flow Statement
27
Notes to the Cash Flow Statement
28
Notes to the Financial Statements
29 to 41
Detailed Statement of Financial Activities
42 to 43
Auditors
BPU Limited
Chartered Accountants
Statutory Auditor
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff CF23 8AA
Senior Statutory Auditor
Nicholas Matthew Toye FCA
Photography credits..
Cover- Sian Trenberth (dance). Mark Douet (thehtrej, p8/12 Mark Douet, p 73 Sian Trenberth.
All other images by Evan Dawson.

David Jackson, Chair
National Youth Arts Wales's commitment to the gifted and talented young people of Wales is as steadfast as
ever. It's important that neither financial hardship nor challenging personal circumstances should prevent
participation in our courses and activities. NYAW remains committed to openness, diversity and quality.
In another eventual year for National Youth Arts Wales, 2023124 was the second year of full activities since
Covid restrictions were lifted, and it's heartening to see the numbers of participants growing again, throughout
Wales and across all five ensembles.
Yet again this year we have been treated to some extraordinary performances. at a wide range of venues, with
extremely positive feedback from performers and audiences. We are. as always, very grateful for the continued
support of the Arts Council of Wales, Creative Wales and National Music Service Wales, amongst others.
As a collaborative organisation, we are pleased to have forged new national partnerships with the BBC National
Orchestra of Wales, Ballet Cymru, National Dance Company Wales and the National Youth Theatre of GB, with
other partnerships in development.
In October 2023 we welcomed a new CEO. Evan Dawson. following Gillian Mitchell's departure (in July 2023).
Evan comes to NYAW with a broad wealth of experience in the arts and we are extremely lucky to have him at
the helm. l am very grateful to Lead Producer Matt Jones who, as Interim CEO covered the challenging
summer period before Evan could join us.
We were also joined by Claire Grabham {in October 2023) as our new Finance and Resources Manager, who
has brought strategic discipline to our finances and operations.
I'd like to congratulate the team at the heart of National Youth Arts Wales on the impressive focus they
continue to maintain on the benefits of arts participation and high-level training for the young people of Wales.
As an organisation centred on developing and providing extraordinary experiences for young people, it's
important to have young people represented at management and governance level, and I'm delighted to have
welcomed this year three new Trustees (Issac Lewis, Rhys Watkins and Mared Browning} who are all in their
twenties and who bring a youthful energy as well as experience to the table. The management team under
Evan also has many young professionals as well as more veteran talents on the strengthl
Finally, I'd like to extend heartFelt thanks to my fellow Trustees, and to all the funders and supporters who make
NYAW what it is and who enable us to do the crucial work of delivering world-class performing opportunities to
the young people of Wales.
Cenedlaethol
Iouenctid Cyi
National
Youth Art5
Wales
David M Jackson OBE, Chair of Trustees
August 2024

Evan Dawson, CEO
I'm fortunate to have joined National Youth Arts Wales at such an exciting time in its development.
Our collective mission is to empower the next generation of musicians. actors, dancers and makers to
build a creative, confident and generous future for Wales. It is unique to this country that we now have a
single organisation responsible for all our national youth ensembles. It was a visionary idea to bring these
together, and l am determined to build on the progress has been made over the past eight years.
Arts and creative activities are vital for everyone to live a fulfilled, connected and happy life. Every young
person should have the opportunity to explore their own potential through a range of different artforms -
supported from primary and secondary schools. to more advanced training and ensembles at regional and
national level, and beyond. We are proud that our participants represent the full geography and diversity
of Welsh youth. with bursaries available for those from low-income households.
The five national youth ensembles are all performing to an incredibly high standard, working closely with
the national music services, dance networks, theatres and others. Over the years ahead, we have
ambitious plans to expand our work even further, working in partnership with key organisations
throughout Wales to ensure everyone can access pathways to the national ensembles. higher education
and creative professions.
However, this is a very challenging time for the arts in Wales, with reductions in public funding causing
many organisations to struggle. With fewer arts opportunities, we have seen increases in the numbers of
young people experiencing loneliness and mental health issues. This is no coincidence. We must all
vigorously champion the importance of the arts to our shared childhood, heritage, communities, health
and development - otherwise we risk our arts sector dying of a thousand cuts.
The Staff and Trustee team at National Youth Arts Wales is passionate about rising to this challenge. Their
expertise and dedication are inspirational, and I'm confident that over the years ahead we will continue to
support thousands of talented and extraordinary young people to flourish.
Thank you for your interest in our work.
Evan Dawson
CEO, National Youth Arts Wales
August 2024

TRUSTEES, ANNUAL REPORT
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 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).
Reference and Administrative Details of the Charity. its Trustees and Advisers
Charity Name
National Youth Arts Wales {also known as
Celfyddydau Cenedlaethol leuenctid Cymru)
Chairman
David M Jackson OBE
Chief Executive O￿l¢er
Evan Dawson
Charity Registration Number
1170643
Banking
The Co-operative Bank PLC
PO Box 101
Balloon St
Manchester M60 4EP
Company Registration Number
10449512
Registered Address
Office 202, 2nd Floor
Trafalgar House
5 Fitzalan Place
Cardiff
CF24 OED
Website
www.nyaw.org.uk
Trustee roles are developed through a regular skills
audit process. They are advertlsed publicly, and
recruited through a clear and accessible process, to
ensure representation from throughout Wales.
Appointments are made on the basis of how closely
candidates match advertised criteria, and inducted
into the organisation through a careful and
supportive process, which is reviewed regularly.
Directors and Trustees
Members of the Board of Trustees are the directors
of the charitable company I'the charity,) and are
trustees for the purposes of charity law. Throughout
this report members are collectively referred to as
the trustees. Those serving on the date this report
was approved are:
The Trustees confim that they have complied with
our govemance documents and procedures.
David M Jackson OBE (Chair)
Aims and Objectives
Peter Curran
Anthony Matsena
Nia Medi
Richard Newton
Karen Pimbley
Sian Ropaigéalach
Issac Lewis (appointed 8/11/23)
Mared Browning (appointed 81111231
Rhys Watkins {appointed 8/111231
Rhian Hutchings (resigned 1015123)
National Youth Arts Wales empowers the next
generation of musicians, actors, dancers and
makers to build a creative, confident and generous
future for Wales. We support, assemble and
showcase the most talented young performers,. and
connect. champion and build the ecology of youth
arts throughout the country. Our performance
against strategic objectives is set out in this report.

WHAT PEOPLESAY ABOUT NATIONAL YOUTH ARTS WALES
'After being a member of NYCW
in all, l am a FAR better musician th
without NYCW"
like a new perso
all
n what I woul¢ have been
3 Member
"Being part of National Youth Dance Wales has helped reignite my love for
dance
NYDW 2023 Member
'National Youth Theatre of Wales is one of the most special things l ever did
and I carry it with me, to this day.
alumna Remy Beasley, speaking at a Q+A

WHAT PEOPLESAY ABOUT NATIONAL YOUTH ARTS WALES
This is the most natural, purposeful and effective use of
bilingualism I have ever seen on stage...The production was
also a sign of what theatre in Wales can be.
Gruffudd Owen, Barn Magazine
IFJ:
has served as a groa
buffer fo
aas someon
, NYnlil;2023 Membér:
'It was terrific- Music choice, movement, design. costumes and choreography
and overall unity. Utterly bewitching".
Comment on our NYDW 'Twenty Tales, performance, performed as a triple bill
event alongside Ballet Cymru and Marcat Dance, singer-songwriter Cerys Matthews
"Wales is blessed indeed to have musicians of such talent who will ensure that
classical music in the nation will continue to thrive.
Nation.Cymru on National Youth Orchestra of Wales's 2023 concert at St David's
Hall, Cardiff

NATIONAL YOUTH ARTSWALES IN NUMBERS: 2023-24
We reached l,957young people
Amount awarded in bursaries to those needing financial support
£71,404
Percentage of participants receiving financial support
54%
Percentage of participants attending state school
90Y.
er of activity sessions
65 last year)

NATIONAL YOUTH ARTSWALES IN NUMBERS: 2023-24
DYFO
58
oung people auditioned for a national ensemble, held throughout Wales.
ercen
ageo
Icipan
rom
ajori
12.5%
ercentage o
participants
Iving wit
Isa
12.7°
Percentage o
participants who speak Welsh
luently
32%
Freelancers employed
271

11111
.}
11
Z M-usic Etsembl
During 2023/24, we delivered a full range of activity with the National Youth Brass Band, Choir and Orchestra,
working in close partnership with National Music Services Wales, the Royal Welsh College of Music and Drama,
BBC National Orchestra of Wales and others, as part of the National Plan for Music.
Each ensemble held auditions throughout Wales. with those selected taking part in a series of rehearsal
residencies and performance tours. Each of the residencies incorporated a mix of sectional rehearsals, full
ensemble rehearsals, social activities. musical masterclasses and wellbeing activity. Each residency was
supported by a freelance team of creative professionals, welfare staff and stage management personnel, as well
as the NYAW Staff Team.
Across all music ensemble activity, we employed 87 freelance staff. We held auditions throughout Wales, with a
total of 196 being selected to take part.
NATIONAL YOUTH BRASS BAND OF WALES
The National Youth Brass Band of Wales (NYBBW) was established in 1982 and has a long tradition of providing
young brass banders with first-class training and perfonnance opportunities. We pride ourselves in working with
experts in the field of brass banding and our tutorial team are drawn from many of the top ranked bands in
Wales and the UK. The Band has worked with well-known conductors who are leaders in their field, including
Edward Gregson {founding conductor), Robert Childs and Philip Harper, conductor of the world famous Cory
Band.
NYBW Summer 2023 Programme
Following an initial rehearsal day at the end of March 2022, we ran an nine-day residency at u￿5D
Carmarthen, conducted by Paul Holland. The band showcased their versatility with pieces including Eric Ball's
High Peak, Gareth Wood's Five Blooms in a Welsh Garden and music from Debussy, Walton and Paul Lovatt-
Cooper. Belgian cornet soloist and rising star Lode Violet brought his own youthful flair to the line-up.
Dates..
July IRehearsal residency at U￿5D. Carmarthen)
Concerts..
28 July- Pritchard-Jones Hall, Bangor.
29 July- St Davids Cathedral
30 July- Dora Stoutzker Hall, Cardiff
10

NATIONAL YOUTH CHOIR OF WALES
Established in 1984, the National Youth Choir of Wales has supported the long-standing choral traditions of
Wales ever since, with many alumni still singing or conducting choirs throughout Wales and further afield.
Other alumni can be heard performing professionally in concert halls and opera houses throughout the World,
including Sir Bryn Terfel, Katherine Jenkins and current NYCW conductor. Tim Rhys-Evans. The Choir's
members, largely aged between 16 and 22 years. are drawn from all parts of Wales and auditioned annually. As
with all NYAW ensembles, the choir works with first-class professional musicians to deliver its key strategic aim
of Excellence.
NYCW Summer 2023 Programme
The Choir met in Cardiff for a single rehearsal day in April and 2-day rehearsal weekend at the beginning of
July before embarking on a 10-day residency and concert tour. The residency was held at U￿SD Carmarthen
with Tim Rhys-Evans MBE as the conductor. The programme included Eric Whitacre. Stevie Wonder and a
range of Welsh composers.
Dates..
April (rehearsals at Royal Welsh College of Music and Drama, Cardiffl
July (rehearsals at Cardiff Met University)
August (rehearsal residency at uwtSD, Carmarthen)
Concerts..
25 August- Prichard-Jones Hall, Bangor
27 August- Dora Stoutzker Hall. Cardiff
28 August- St Davids Cathedral (part of the Fishguard Festival of Music)
NATIONAL YOUTH ORCHESTRA OF WALES
National Youth Orchestra of Wales was established in 1945 with its first performance in 1946; it has the
distinction of being the first national youth orchestra in the world.
As with all NYAW ensembles. the Orchestra develops a first-class training experience into performances that
are full of energy and passion and works with esteemed. professional musicians to help deliver its key strategic
aim of excellence. Musicians are auditioned annually at centres across Wales with approximately 100 young
musicians selected, depending on the repertoire requirements.
NYOW Summer 2023 Programme
We ran a short Easter residency and a summer residency and concert tour. Conducted by Carlo Rizzi, the
programme included Smetana's Vltava from Ma vlast, Richard Strauss, Four Last Songs featuring soprano
Elizabeth Llewellyn. and Shostakovich's Symphony No 5.
Dates..
April (Rehearsal residency at u￿sD, Lampeter)
July (Rehearsal residency at uwtSD. Carmarthen)
Concerts..
1 August- U￿SD Lampeter
2 August - Prichard-Jones Hall, Bangor
3 August- St Asaph Cathedral
4 August - St Davids Cathedral Ipart of the Fishguard Festival of Music)
5 August- St David's Hall. Cardiff
11

National Youth Theatre Wales
National Youth Theatre of Wales (NYFW) works with leading theatre partners to offer world-class training and
performance opportunities for Wales, most talented young people. For over 45 years this flagship for youth
theatre in Wales has nurtured the talent and ambition of thousands of young people. We do this by delivering
professional quality performance opportunities alongside skills and training programmes that build confidence
and pathways into the performance and creative industries.
We held 15 auditions throughout Wales. with 188 young people taking part. A total of 45 young people were
offered membership on the Professional Pathways programme with 25 of these also offered cast membership.
Nyfw Summer 2023 Programme
During August, Dylan Thomas, classic was reimagined for the bold young voices of National Youth Theatre of
Wales in a new stage adaptation of Under Milk Wood/ Dan y Wenallt at the Sherman Theatre in Cardiff.
The lyrical world of Llaregubb was combined with the contemporary Wales of today in a fusion of English and
Welsh, alive with music, microphones and loop pedals. This original production was adapted by Mari Izzard,
based on Dylan's original play for voices and the Welsh translation by T James Jones. It was directed by Emma
Baggott.
Performances: 31 August to 2 September. Sherman Theatre. Cardiff
12

Nationa1fouth Dknrewales
National Youth Dance Wales (NYDW) provides some of Wales, most-talented young dancers with first-class
training and performance opportunities. It draws on the energy and excitement of young peoples, enthusiasm
for dance and dancing, and channels it into a creative, contemporary force that celebrates the very best youth
dance in Wales today.
Founded in 2000, NYDW has worked with some of the UK'S finest, award-winning choreographers- including
Wayne McGregor, Henri Oguike, Errol White, Theo Clinkard, Odette Hughes, Kerry Nicholls, Caroline Finn,
Laila Diallo, Arielle Smith and Lea Anderson MBE.
Across all dance activity, we employed 19 freelance staff. We held 12 workshops in key "cold spot" areas
around Wales for 168 young people. to demystify the audition process and encourage people to take part. We
then held 11 auditions throughout Wales and online. with 112 young people taking part. A total of 20 young
dancers were offered a place.
National Youth Dance Wales- Summer 2023 Programme
As part of National Youth Dance Wales's intensive summer residency, 20 of Wales's most talented young dancers
came together in Cardiff to leam from a roster of talented choreographers and dance artists. This year, for the
first time, they worked with acclaimed choreographer Mario Bermudez to create a brand-new work exploring
themes of tribal movement. textures and relationships during their two-week residency. The piece 'Twenty
Tales, showcased the dancers, artistic voices. technical ability and creativity with costume design by Welsh
designers and Marker George Hampton Wales, and music gift to the organisation by Mercan Dede. The young
dancers also worked with Welsh choreographer, and NYDW alumnus, Daisy Howell - creating a new work for
film influenced by rave culture and the energy and playFulness of movement, the piece was filmed at Cardiff
Castel, Bute Park and Royal Welsh College of Music and Drama.
This new work, performed by the NYDW company of 2023. received its world premiere at The Riverfront,
Newport, on Friday 3 and Saturday 4 November 2023.
13

tion an
Participatory Workshops
Ensuring that more young people across are gaining a￿sS to our work, particularly those who have not had the
opportunity to do in the past, is a key part of our activity. Within the ensembles, this has included a participatory
workshop offer so that young people are given the opportunity to engage with our work, and the tools to apply
and audition for our ensembles and affiliated projects. Across NYDW and Nyfw, we employed 149 freelance
staff to deliver participatory workshops in schools, colleges and community settings. We held 8 workshops to
inspire young people to apply for our theatre opportunities, particularly NYTW and Professional Pathways, with
the aim of demystifying and encouraging more young people to take part. We held 12 workshops to inspire
young people to become involved with NYDW, with a key focus on parts of Wales where participation tends to
be lower- with 168 young people taking part in total. Many of the young people who took part went on to apply
and audition for N￿w and NYDW- with many being successful in gaining a place, or alternatively {in N￿w'S
case) gaining a place on Professional Pathways.
Music Futures
In 2024 Music Futures. our artist development programme for young artists interested in popular and
contemporary music returned. We worked with a total of 19 young people who took part in a group and individual
mentoring sessions online in advance of a residency at Rockfield Studios that combined creating, rehearsing
and recording new music with collaborators, alongside a range of industry sessions that gave members an
insight into different areas of the commercial music industry.
The project culminated in a gig at the Newport Com Exchange where the members perfomied to a paying and
diverse audience.
We employed a total of 12 freelancers including 3 Future Mentors, young artists under the age of 25 who gained
paid employment and training opportunities as part of the project.
14

Cor Skills
In 2023124 we were able to continue the delivery of our choral development programme, Cor Skills- offering
further opportunities for the young people we engaged with following the retum to delivery in the 2022123
season. A key part of this was a 4-day residency. run alongside the Nyfw and NYCW residencies in Summer
2023, which engaged 23 young singers during ths summer school holidays.
The project culminated in a free performance for the public in the foyer of RWCMD, before the group performed
in the Dora Stouzker Hall as part of NYCW'S performan￿ to a paying audience.
We employed a total of 8 freelancers across the creative and wellbeing sectors, with several being offered more
senior roles than they d had in previous iterations of the project to help support career progression for
individuals.
Hard Cor
This partnership project between National Youth Arts Wales and Wales Millenium Centre continued in Summer
and Autumn 2024. The aim of the project was to offer a training and perfomiance opportunity for young singers.
rappers and beatboxers, bringing them together to create a unique vocal collective.
We ran a series of workshop rehearsals and a non-residential residency, culminating in two performances as
part of LLAIS Festival at Wales Millenium Centre - a curtain raiser perf0mlan￿ prior to the Welsh Music Awards
2023, and a longer perfomiance in the Glanfa Foyer on one of the festival's busiest evenings.
Assemble
This partnership project between National Youth Arts Wales began in Autumn 2023. with sessions continuing
throughout school temi times into 2024. 36 Deaf and disabled young people in non-mainstream schools
engaged in weekly creative sessions, with a cross-artform approach enabling them to gain a broader
understanding of the arts. We employed a total of 10 freelance staff and also worked closely with 8 volunteers,
providing them with facilitation experience and training in order to upskill and aid career progression. Training
included a safeguarding qualification, inclusive practice training and guidance on managing freelance finances.
Every term. project participants took paid in paid-for Cultural Visits, which enabled them to engage in the arts
outside of the school setting. This ranged from full-scale musicals, to bespoke creative workshops and
performances as part of international festivals.
Taskforces
Following on from our previous work engaging Diversity Taskforces in 2022123, we continued to employ panel
members who could support us by providing key recommendations to improving diversity throughout our work.
In 2023124, this including engaging with 5 freelancers to create a Global Majority Taskforce for Music, over a
series of online meetings. It also involved following up on previous recommendations with a series of unpaid
review sessions between NYAW producers and previous taskforce members.
Change Makers
In 2023124, we launched Changemakers- engaging 10 young people as freelance panel members to hold
discussion sessions on issues relating to NYAW'S work and the wider cultural landscape, including Climate
Justice and improving access for disabled people to NYAW performances, ensembles and projects. The group
meet on a regular basis with payment offered as a means to professionalise the experience, offering valuable
employment eXperIen￿S to young people who are both currently engaged and not engaged with our work as a
result.
Young Trustees
NYAW'S Board has appointed three new young trustees, as part of its commitment to embedding youth voice
within its daily work. New trustees Isaac Lewis, Rhys Watkins and Mared Browning took up their new roles
during their first board meeting on Wednesday, 8 November 2023. Each an artist within their own rights, the new
trustees bring fresh perspectives to the board and place the voice of the younger generation at the highest level
of NYAW'S decision making.
15

FUNDRAISING STATEMENT FOR NATIONAL YOUTH ARTS WALES 2022 - 2023
Thank
ou to our su
orters
Thank you to all of our generous funders and donors who have supported National Youth Arts Wales during
2023-24.
Principal Supporters:
Arts Council of Wales- Principal Funder
National Music Service forwales
Paul Hamlyn Foundation - Principal Supporter, Equity and Diversity
Leverhulme Trust- Principal Supporter, NYAW Bursary Fund
Welsh Government via Creative Wales
Trusts. Foundations and Corporate Partners=
NYAW Bursary Fund and Prize Supporters:
Backstage Trust
British Council Wales
Youth Music- Incubator Fund
Anthem - The Atsain Fund
Moondance Foundation
Colwinston Charitable Trust
Ty Cerdd
Arts & Business Cymru's Future Proof
WSP UK Ltd
Arts and Business Cymru's Culturestep
Unity Theatre Trust
David Pearlman Charitable Foundation
Neil & Mary Webber Bursary Fund
Friends of National Youth Orchestra of
Wales
The Bluefields Trust Bursaries
The Wil Jones Bursary and Prize
The Cliff Tuckett Bursary
The Muriel and Doug Lewis Bursary
The David Mabey Bursary and Prize
The Francis Howard Bursary
The John Roberts Bursary
The Gwynne Edwards Bursary
The Tony Moore Harp and Percussion Prizes
raisin
r Policie
atemen
r Nati
Procedure
nal Youth
Wales 2023-2024
National Youth Arts Wales has developed its fundraising function over the past four years, to reflect its growing
ambition. This includes the appointment of a full-time Fundraising and Development Manager in 2020,. the
appointment of a Creative Fundraising Intem from 2021-22; and the increased role of the Board in fundraising
stewardship.
With this increase in fundraising activity, National Youth Arts Wales constantly reviews and amends its policies
and practices, to ensure that our lundraising meets high standards.
This statement on our fundraising approach is designed to meet the reporting requirements outlined in Section
13 of The Charities (Protection and Social Investment) Act 2016.
16

roach to Fundraisin
A large proportion of our fundraised income comes from charitable trusts and foundations, often forming part
of our funding for restricted purposes. Restricted funds are clearly marked in our accounts and procedures are
in place to ensure that donations are spent as intended by the original donor or funder.
All fundraising activity is conducted by directly employed stsff or by NYAW'S unpaid trustees. We do not
contract any third-paty fundraisers to raise money on our behalf, and we do not undertake street collections or
door-to-door fundraising of any kind.
NYAW does receive occasional consultancy (paid and pro-bonol to help develop its fundraising strategy-
however, this relates to strategic development rather than soliciting donations on our behalf, or making contact
with donors.
NYAW does not currently routinely ask volunteers to fundraise on its behalf. However, when volunteers are
used in the future, NYAW has clear policies in place to ensure that volunteer fundraisers are aware of the legal
responsibilities and best practices relevant to the activity they are carrying out, that their work is appropriately
monitored to ensure high standards. and that they are given full training to fulfil their role in a safe, ethical and
legal manner.
ulation and Polic
National Youth Arts Wales is a registered charity (no. 1170643) and is bound by Charity law.
NYAW voluntarily registers with the Fundraising Regulator and adheres to the Code of Fundraising Practice.
We keep up-to-date with new developments that may affect our working practices. and are satisfied that we
currently meet all aspects of the of Code of Fundraising Practice. The Code of Fundraising Practice is referred
to when developing training materials for anyone with direct contact with potential donors.
Although NYAW does not meet the criteria for the compulsory Fundraising Regulator levy, we have chosen to
register voluntarily to demonstrate our commitment to fair and transparent fundraising practices.
We have published a privacy policy and complaints policy on our website, with specific statements in place
referring to our fundra ising practices.
Fundraisin
laints and
lianc
Issues
During 2023-2024, NYAW has received no complaints about its fundraising activity.
There are no outstanding compliance issues regarding NYAW'S fundraising practices.
om
orn
Vulnerable Donors
We will never discriminate against any donors, nor refuse 3 donation because of someone's age, disability or
mental capacity. However, there may be occasions where we are aware that a donor is vulnerable, and we may
need to take extra steps to ensure that the donation meets with the donors wishes.
If we are aware that a donor may be vulnerable, we will consider taking the following steps..
Contacting the donor andlor their family or carer. in order to check their preferences and to discuss their
wishes.
Delaying acceptance of a gift, allowing for a "cooling off period" in case the donor changes their mind.
Provide clear guidance for how all donors can opt out of marketing communications, including through
the Fundraising Preference Service.
Taking specific advice on the case from the Fundraising Regulator or from an external fundraising
consultant
17

We do not currently use third party lists. or any other "cold" marketing tactics to acquire new donors. We
would take advice from external sources before deciding to use these approaches in the future, balancing any
potential gains against the privacy of the individual. In accordance with the Code of Fundraising Practice and
GDPR legislation, we would also ensure clear policies were in place to prevent unreasonable intrusions on
privacy, unreasonably persistent approaches for money, and to ensure under pressure was never placed on a
potential donor.
Ethic
I fundraisin
NYAW strives to be an ethical organisation. focusing on the rights and wishes of the young people we work
with.
Fundraising from external sources is an incredibly important part of fulfilling that mission, but there may be
occasions where a donorfs request, values or reputation would negatively affect NYAW. In this case, after
consultation with the Chief Executive and with the Board if necessary, a donation may be refused.
Reasons for this might include..
The donor's stated aims and values are opposed to those of NYAW'S stated values and principles.
Receipt of the funding may have a negative effect on our reputation and/or lead to a decline in
support of the organisation by those whose views it values;
The donor expects NYAW to deliver promotion and marketing that are unachievable and/or their
requests reduce access for our audiences.
As our fundraising function continues to grow, these policies will be expanded to reflect the changing nature of
NYAW'S fundraising strategy.
18

NYAW Reserves Note
At the close of 2023/24, our reserves included £482.890 restricted and £662.543 unrestricted, with a
designated risk reserve of £232,990.
As a result of the Covid pandemic, funding received against delivery was deferred due to revised delivery
plans. This temporarily increased our unrestrirted reserves. but much of this is being discharged {see below).
This is in line with the NYAW Reserves Policy. against which the Board monitor reseNes on a regular basis,
ensuring reserves provide mitigation against uncertain earned income targets and the continued impact of the
cost of living crisis. Designated reserves can only be spent in accordance with the designation, unless otherwise
agreed by the Board in exceptional circumstances.
Our business plan12023 onwards) recognises a reduction in reserves over three years as we -
Return to a full ensemble programme
Develop new programmes
Establish new fundraising models and income streams
Ensure that the on-going cost of living does not present a barrier to participation
Principle Risks and Uncertainties
A detailed set of organisational risks and mitigations are reviewed by the Finance and General Purposes
Committee on a quarterly basis, with the primary risks subsequently being reported to the Board of Trustees.
The primary risks are currently about the maintenance of reserves- future levels of grant income, with reductions
in government budgets- representation against EEDI targets- and public profile. None of these risks are
currently considered critical, but action plans are in place against each, closely monitored by the senior staff
team and Board.
Future Direction of Charity
At National Youth Arts Wales. we know that creativity and cultural participation are vital ingredients of a healthy,
happy and connected life. We believe that every young person in Wales should have the opportunity to explore
their own artistic potential throLJgh a wide range of different artforms.
National Youth Arts Wales is responsible for the ecology of youth arts in Wales, working with partners to gather
data and understand what support is available at every stage of the lifecycle, in a range of difFerent artforms,
throughout every region.
We know that talent does not discriminate- so we identify the main barriers for different groups into the arts,
and work with partners throughout Wales to help reduce these. across a range of protected characteristics and
beyond.
For those who have demonstrated the greatest potential in specific artForms, we will continue to provide high
quality national ensembles to help develop and celebrate those individuals, to inspire, support and connect our
next generation of artists.
19

Financial Review
Income totalled £1,094,634 (2023 - £1.540.711).
Expenditure totalled £1,262,728 (2023 - £1,073,444).
This resulted in a deficit for the year of £168.094 (2023 - £467.267 surplus).
Total funds carried forward were £1.145,433 (2023 - £1.313.527). which includes £482,89012023 - £654,815)
restricted fund and £662,543 {2023 - £658.712) unrestricted fund carried fo￿ard. Available reseNes as at 31
March 2024 were £421,816 (2023 -£420,136).
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees (who are also the directors of National Youth Arts Wales for the purposes of company law) are
responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing those
financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charity SORP:
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concem basis unless it is inappropriate to presume that
the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at
any time the financial position of the charitable company and to enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities
In so far as the trustees are aware:
there is no relevant audit information of which the charitable company's auditors are unaware; and
the trustees have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors are aware of that information.
Report of the trustees, incorporating a strategic report. approved by order of the board of trustees, as the
company directors, on 4 September 2024 and signed on the board's behalf by:
David M Jackson OBE - Chairman and Trustee of National Youth Arts Wales
20

REPORT OFTHE INDEPENDENT AUDITORS
Opinion
We have audited the financial statements of National Youth Arts Wales (the 'charitable company,) for
the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance
Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of
significant accounting policies. The financial reporting framework that has been applied in their
preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements=
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of
its incoming resources and application of resources. including its income and expenditure, for the
year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors,
responsibilities for the audit of the financial statements section of our report. We are independent
of the charitable company in accordance with the ethical requirements that are relevant to our audit
of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concem
In auditing the financial statements. we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to
events or conditions that, individually or collectively, may cast significant doubt on the charitable
company's ability to continue as a going concern for a period of at least twelve months from when
the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
21

REPORT OFTHE INDEPENDENT AUDITORS
Other information
The trustees are responsible for the other information. The other information comprises the information
included in the Annual Report. other than the financial statements and our Report of the Independent
Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. 11 we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether this gives rise to a material misstatement in the financial statements themselves. If, based on the
work we have performed, we conclude that there is a material misstatement of this other information, we
are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Report of the Trustees for the financial year for which the financial
statements are prepared is consistent with the financial statements- and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained
in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothir)g to report in respect of the following matters where the Companies Act 2006 requires us
to report to you if, in our opinion:
adequate accounting records have not been kept or returns adequate for our audit have not been
received from branches not visited by us- or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of trustees, remuneration specified by law are not made- or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of Trustees. Responsibilities. the trustees (who are also the
directors of the charitable company for the purposes of company lawl are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view, and for such internal
control as the trustees determine is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's
ability to continue as a going concern. disclosing. as applicable, matters related to going concern and
using the going concern basis of accounting unless the trustees either intend to liquidate the charitable
company or to cease operations, or have no realistic altemative but to do so.
22

REPORT OFTHE INDEPENDENT AUDITORS
Our responsibilities for the audit of the financial ststements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent
Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misstatement
when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed
below:
We gained an understanding of the legal and regulatory framework applicable to the charity and the
industry in which it operates, and considered the risks of acts by the charity that were contrary to
applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk,
recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of
not detecting one resulting from error. as fraud may involve deliberate concealment.
The laws and regulations that we determined were most significant to the charity were the Companies
Act, The Charities Act and the Safeguarding Children: Working Together Under the Children Act.
We obtained an understanding of how the charity is complying with those laws and regulations by making
enquiries to the management, and corroborated these enquiries through our review of board minutes and
review of legal and professional spend for the year.
We assessed the susceptibility of the charities revised financial statements to material misstatement,
including how fraud might occur, and did not identify any key audit matters relating to irregularities,
including fraud. We assessed the effectiveness of intemal controls that management has in place to
prevent and detect fraud, including testing of manual journals and evaluating the assumptions and
judgements made by management in its significant accounting estimates.
A further description of our responsibilities for the audit of the revised financial statements is located on
the FRC website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of
the Independent Auditors.
We are also required to report whether in our opinion the original financial statements failed to comply
with the requirements of the Companies Act 2006 in respects of the respects identified by the directors.
The audit of revised financial statements includes the performance procedures to assess whether the
revisions made by the directors are appropriate and have been properly made.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms
part of our Report of the Independent Auditors.
23

REPORT OFTHE INDEPENDENT AUDITORS
Use of our report
This report is made solely to the charitable company's members. as a body. in accordance with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditors, report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's members as a body, for our audit
work, for this report, or for the opinions we have formed.
Nicholas Matthew Toye FCA (Senior Statutory Auditor)
for and on behalf of BPU Limited
Chartered Accountants
Statutory Auditor
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA
24

National Youth Arts Wales
Statement of Financial Activities
for the Year Ended 31 March 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
14,187
223.346
237,533
550,730
Charitable activities
Grants
Audition Fees
Residency Fees
Ticket and other income
509,275
7.235
145,968
46,182
13,738
523,013
7,235
145,968
46,182
698,047
6,759
133,108
39,967
Other income
Investment income
122,982
11,721
122,982
11,721
112,100
Total
857.550
237.084
1,094,634
1,540,711
EXPENDITURE ON
Charitable activities
Charitable Activities
Other
621.144
232,575
400.706
8,303
1,021,850
240,878
773,440
300,004
Total
853,719
409,009
1,262,728
1.073,444
NET INCOMEI{EXPENDITURE)
3,831
(171,925) (168,094)
467,267
RECONCILIATION OF FUNDS
Total funds brought foward
658,712
654,815
1,313,527
846,260
TOTAL FUNDS CARRIED FORWARD
662.543
482,890
1,145,433
1,313,527
The notes form part of these financial ststements
25

National Youth Arts Wales
Balance Sheet
31 March 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
funds
funds
Notes
FIXED ASSETS
Tangible assets
12
7,736
7,736
5,586
CURRENT ASSETS
Debtors
Cash at bank
13
185.173
618.683
185,173
1.101,574
243,927
1,193.478
482.891
803,856
482,891
1,286.747
1.437,405
CREDITORS
Amounts falling due within one year
14
(149.050)
(149,050) (129,464)
NET CURRENT ASSETS
654,806
482,891
1,137,697
1,307.941
TOTAL ASSETS LESS CURRENT
LIABILITIES
662,542
482,891
1,145,433
1,313,527
NET ASSETS
662.542
482.891
1.145,433
1,313,527
FUNDS
Unrestricted funds
Restricted funds
15
662,542
482,891
658,712
654,815
TOTAL FUNDS
1.145,433
1.313,527
The financial statements were approved by the Board of Trustees and authorised for issue on 4
September 2024 and were signed on its behalf by:
A///4,9
D M Jackson - Trustee
The notes form part of these financial statements
25

National Youth Arts Wales
Cash Flow Statement
for the Year Ended 31 March 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
96,892>
363,306
Net cash (used in)/provided by operating activities
96,892)
363,306
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
(6,835)
102
11,721
{3.826)
Net cash provided byl(used in) investing activities
4.988
Change in cash and cash
equivalents in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
(91,904)
359,480
1,193,478
833,998
Cash and cash equivalents at the
end of the reporting period
1.101,574
1.193,478
The notes form part of these financial ststements
27

National Youth Arts Wales
Notes to the Cash Flow Statement
for the Year Ended 31 March 2024
RECONCILIATION OF NET {EXPENDITURE)IINCOME TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2024
2023
Net (expenditure)lincome for the reporting period (as per
the Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Decreasel(increase) in debtors
Increase in creditors
(168,094)
467,267
4,583
(11.721)
58,754
19,586
2,347
(161,986)
55.678
Net cash (used in)Iprovided by operations
96,892)
363,306
ANALYSIS OF CHANGES IN NET FUNDS
At 114123
Cash flow
At 3113124
Net cash
Cash at bank
1,193,478
91,904
1,101,574
1,193,478
91,904
1,101,574
Total
1,193,478
91,904
1,101,574
The notes form part of these financial ststements
28

National Youth Arts Wales
Notes to the Financial Statements
for the Year Ended 31 March 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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
Companies Act 2006. 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.
Grants and Donations
Grants and donations are only included in the SOFA when the general income recognition
criteria are met.
In the case of perfomiance related grants. income must only be recognised to the extent that
the charity has provided the specified goods or services as entitlement to the grant only occurs
when the performance relates conditions are met.
Government Grants
The charity has received government grants in the reporting period. Detail of this included within
the notes to the accounts.
Tax reclaim on donations and gifts
Gift Aid receivable is included in income where there is a valid declaration from the donor. Any
Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an
addition to the same fund as the initial donation unless the donor of the terms of the appeal has
specified otherwise.
Donated services and facilities
Donated services and facilities are included in the SOFA. if applicable. when received, at the
value of the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with
an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the
trustee's annual report if applicable.
29
continued...

National Youth Arts Wales
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES - continued
Income
Income from membership subscriptions
Membership subscriptions received in the nature of a gift are recognised as donations.
Membership subscriptions which gives a member the right to buy services or other benefits are
recognised as income earned from the provision of goods and services as income from
charitable activities.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Computer equipment
33 % straight line
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordan￿ with the charitable objectives at the discretion of
the trustees.
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.
30
continued...

National Youth Arts Wales
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
DONATIONS AND LEGACIES
2024
2023
Donations
237,533
550,730
There is a large decrease in donations this year compared to last year which largely relates to a
one off sum of money from the WJEC received in 2023.
OTHER INCOME
2024
2023
Theatre Tax Credit
122,982
112,100
INVESTMENT INCOME
2024
2023
Deposit account interest
11,721
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Grants
Audition Fees
Residency Fees
Ticket and other income
Grants
Charitable Activities
Charitable Activities
Charitable Activities
523,013
7,235
145,968
46,182
698,047
6,759
133,108
39,967
722,398
877,881
Analysis of receipts of government grants
2024
2023
Descriptions
Arts Council Wales
Access to Work
368,650 578.047
4,363
Welsh Local Govemment Association
150,000 120,000
Total
523,013 698,047
31
continued...

National Youth Arts Wales
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 7)
Direct
Costs
Totals
Charitable Activities
Other
1,021.850
1,021.850
240.878
240,878
1,021,850
240,878
1,262,728
SUPPORT COSTS
Governance
costs
Other
Totals
Other
231.878
9,000
240.878
Support costs. included in the above. are as follows:
2024
2023
Total
activities
Other
Staff Costs
Advertising & Marketing
Professional and Legal Fees
Travel and Subsistence
Consultsncy and Freelancers
General Administrative
Bad Debt Write Off
Depreciation of tangible fixed assets
Auditors, remuneration
85,426
19,623
19,684
4,767
13,115
84,680
161,460
36,046
28,309
2,857
21,780
37,904
300
2,348
9,000
4,583
9,000
240,878
300,004
32
continued...

National Youth Arts Wales
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after chargingl(crediting):
2024
2023
Depreciation - owned assets
4,583
2,347
AUDITORS. REMUNERATION
2024
2023
Fees payable to the charity's auditors for the audit of the charity's
financial statements
9,000
9,000
10. TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor
for the year ended 31 March 2023.
Trustees. expenses
One trustee was paid £64 for travel costs during the year.. There were no trustees, expenses
paid for the year ended 31 March 2023.
11. STAFF COSTS
2024
2023
Salaries and Wages
Social Security costs
Pension costs
343,391
27.265
8,108
327,250
25.596
6,527
Total Staff Costs
378,764
359,693
The average monthly number of employees during the year was as follows:
2024
12
2023
14
Average Number of Employee's
No employees re￿iVed emoluments in eX￿sS of £60.000.
33
continued...

National Youth Arts Wales
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
12. TANGIBLE FIXED ASSETS
Computer
equipment
COST
At 1 April 2023
Additions
Disposals
17.110
6.835
At 31 March 2024
23.200
DEPRECIATION
At 1 April 2023
Charge for year
Eliminated on disposal
11,524
4,583
643)
At 31 March 2024
15,464
NET BOOK VALUE
At 31 March 2024
7,736
At 31 March 2023
5,586
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
45,722
128,864
10.587
120,000
113.096
10,831
185,173
243,927
35
continued...

National Youth Arts Wales
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
Accrued expenses
34,919
9,984
251
98,253
15,627
2,492
107,982
9,000
149,050
129.464
15. MOVEMENT IN FUNDS
Net
movement
in funds
At
3113124
At 114123
Unrestricted funds
General fund
Operating Costs Fund Designation
425,722
232,990
3,830
429,552
232,990
658.712
3,830
662,542
Restricted funds
British Council Wales (Stage 2)
Webber Legacy
Music Ensemble Mitigation Fund
Paul Hamlyn
Prizes
Yanc Consultancy Project
Bursaries
NYOW Prize Fund
Bluefields Trust
Carlo Rizzi Bursaries
Choir 2024 Commission
Musical Theatre Pilot
String Development Project
360
448.802
200,000
(360)
(20,558)
(200,000)
22
(100)
(2,403)
400
(100)
18,800
12,000
1,125
17,900
1,350
428.244
22
150
250
2,403
400
2,900
18,800
12,000
1.125
17,900
1,350
3,000
654,815
171.924
482,891
TOTAL FUNDS
1,313.527
168,094) 1,145.433
35
continued...

National Youth Arts Wales
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
15. MOVEMENT IN FUNDS - continued
Net movement in funds. included in the above are as follows:
Incoming
resources
Resources Movement
expended
in funds
Unrestricted funds
General fund
857.550
(853,720)
3.830
Restricted funds
Leverhulme Trust
British Council Wales (Stage 2)
Friends of NYOW
Arts & Business Cymru
Webber Legacy
Music Ensemble Mitigation Fund
Paul Hamlyn
Prizes
Yanc Consultancy Project
Bursaries
NYOW Prize Fund
Access to Work
ACW Create Grant - accessibility
audits
Bluefields Trust
Carlo Rizzi Bursaries
Choir 2024 Commission
Creative Skills Fund
Musical Theatre Pilot
String Development Project
37,456
(37,456)
(360)
(6,400)
(8,137)
(20,558)
(20,558)
(200,000) (200,000)
(70,194)
22
(350)
(100)
(3,253)
(2.403)
(1,530)
400
(100)
(100)
(4,363)
(360)
6,400
8,137
70.216
250
850
1.930
4,363
8,525
20.000
12.000
1,125
46.582
17,900
1,350
(8,525)
(1,200)
18.800
12.000
1,125
(46,582)
17,900
1,350
237.084
409.008
171,924)
TOTAL FUNDS
1,094,634
1,262,728)
168.094)
36
continued...

National Youth Arts Wales
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
15. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
in funds
Transfers
be￿een
funds
At
3113123
At 114122
Unrestricted funds
General fund
Operating Costs Fund Designation
Designated Funds for Musical
Activities
DES Digitsl Comms officer
204.699
232.990
(111,549)
332,572
425,722
232,990
335.241
(335,241)
18)
18
772,930
(111,531)
(2,687)
658,712
Restricted funds
Moondance
Youth Music Incubator
British Council Wales (Stage 1)
Colwinston Trust
Leverhulme Trust
Ty Cerdd
Gareth Churchill
Postcode Community
British Council Wales (Stage 2)
Webber Legacy
Music Ensemble Mitigation Fund
Prizes
Yanc Consultancy Project
NYOW Prize Fund
6.740
12,426
2.115
7.000
23,805
(437)
(2.250)
4,900
4.733
14,298
(6,740)
(12,426)
(2,115)
(7,000)
(23,805)
437
2.250
(4,900)
(4,373)
434,504
200.000
250
2,403
3,000
360
448,802
200,000
250
2,403
3,000
73.330
578,798
2,687
654,815
TOTAL FUNDS
846.260
467,267
1,313,527
37
continued...

National Youth Arts Wales
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds. included in the above are as follows:
Incoming
resources
Resources Movement
expended
in funds
Unrestricted funds
General fund
DES Digital Comms officer
789,815
(901,364) (111,549)
18
18
789.815
(901,346) (111,531)
Restricted funds
Moondance
Youth Music Incubator
British Council Wales (Stage 1)
Colwinston Trust
Leverhulme Trust
Postcode Community
British Council Wales (Stage 2)
Arts & Business Cymru
Webber Legacy
Friends of Orchestra
Music Ensemble Mitigation Fund
Music Futures
Paul Hamlyn
Prizes
Yanc Consultancy Project
Bursaries
NYOW Prize Fund
(6,740)
(12,426)
(2,115)
(7,000)
(23.805)
(4,900)
(4.373)
(6.175)
(21.718)
(4,200)
(6,740)
(12,426)
(2,115)
(7,000)
(23,805)
(4,900)
(4,373)
6.175
456,222
4,200
200,000
6,000
63,834
560
7.650
3,255
3.000
434,504
200,000
(6.000)
(63.834)
{310)
(5.247)
(3.255)
250
2,403
3,000
750.896
172,098)
578,798
TOTAL FUNDS
1,540,711
1,073,444)
467,267
Designated Funds
Operating Costs Fund Designation this is a designated risk reserve that reflects uncertainty
around earned income targets and the ability to cover operating costs for just over 7 months..
Designated Funds for Musical Activities
future musical programmes.
funds designated towards the costs of delivering
DES Digital Comms officer
funding towards employing a freelance digital communications
person to improve the digital communications.
38
continued...

National Youth Arts Wales
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
15. MOVEMENT IN FUNDS - continued
DES learning participation
funding towards improving participation of young people in the
programmes offered by employing a learning and participation assistant.
Restricted Funds
Moondance - a grant from Moondance Foundation towards delivering our Cor Skills and Music
Futures projects
Youth Music Incubator- a grant from Youth Music contributing towards the costs of trainee staff
roles for disadvantaged young people
British Council Wales (Stage 1 & 2) - a grant from British Council Wales for an international
digital theatre project.
Colwinston Trust - a grant from Colwinston Trust towards the costs of delivering our Cor Skills
project.
Leverhulme Trust - a grant from Leverhulme Trust contributing towards bursaries for young
people from lower-income backgrounds.
Ty Cerdd - a grant from Ty Cerdd towards the costs of commissioning new works for National
Youth Orchestra of Wales.
Gareth Churchill
Orchestra of Wales
a grant towards the costs of commissioning new worl( for National Youth
Postcode Community - a grant from Postcode Community Trust towards delivering our Music
Futures project.
Webber Legacy - This is the fund which is allocated towards bursaries and was received from
the WJEC in the year.
Paul Hamlyn a grant from Paul Hamlyn Foundation towards staff and project costs relating to
NYAW'S diversity and inclusion work.
Prizes - donations from individual donors towards providing small cash prizes for achievement
during NYOW and NYBBW residencies.
YANC Consultancy Project - a business development project funded by Arts Council of Wales's
Create strand.
NYOW Prize Fund - received from WJEC for funding prizes for the National Youth Orchestra of
Wales.
39
continued...

National Youth Arts Wales
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
15. MOVEMENT IN FUNDS - continued
Music Mitigation Fund - this was offered as a one-off grant in recognition of the historic shortfall
in funding that used to be provided by WLGA and provided whilst the details regarding future
funding through the National Music Service were still being considered.
Friends of NYOW - donations from the Friends of NYOW (a separate registered charity) to
provide bursaries for members of National Youth Orchestra of Wales.
Arts & Business Cymru
a grant contributing towards the costs of employing a Creative
Fundraising Intem during 2023-2024.
Bursaries
members.
donations from individual donors towards specific named bursaries for ensemble
Ac￿sS to Work
reimbursement of costs to provide support for a member of staff with a
disability. under DWP'S Access to Work scheme.
ACW Create Grant - accessibility audits
a grant from Arts Council of Wales contributing
towards the costs of conducting an accessibility audit. and to provide accessible provision for
Deaf, disabled and neuro divergent audiences.
Bluefields Trust - a grant towards bursaries for National Youth Orchestra of Wales members.
and towards the costs of delivering developmental projects.
Carlo Rizzi Bursaries - Carlo Rizzi requested that the money that had been budgeted for his fee
(£12,000) be used instead to offer bursaries for Orchestra members in most need. It was
agreed that we would offer between 4 and 5 full bursaries each year for 4 or 5 years until the
£12k was used. The bursaries would be called the Carlo Rizzi Bursaries.
Choir 2024 Commission a grant from Ty Cerdd towards the costs of commissioning a new
choral work in 2024.
Creative Skills Fund
reimbursement of costs from Welsh Govemment via Creative Wales
towards providing specific developmental provision to meet the objectives of the Creative Skills
Action Plan.
Musical Theatre Pilot- grants contributing towards the creation of a new pilot project for musical
theatre provision in Wales.
String Development Project - grants contributing towards the creation of a new pilot project for
young string musicians across Wales.
40
continued...

National Youth Arts Wales
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
16. EMPLOYEE BENEFIT OBLIGATIONS
Amount of contributions recognised in the SOFA as an expense is £8,107 (2023: £6,528). The
Charity operates a defined contribution pension scheme for staff. The assets of the scheme are
held separately from those of the charity. The contributions are charged to the income and
expenditure account and allocated be￿een unrestricted and restricted funds where applicable.
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
18. DEFERRED INCOME
Movement in Deferred Income
2024
2023
Balance at start of reporting period
Amount added in current period
Amounts released to income from previous periods
107,982
98,253
-107.982
6.350
107,982
-6.350
Balance at the end of the reporting period
98,253
107,982
41