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2023-08-31-accounts

Young Masters Visual Art School Creative Hub

Registered charity 1174558

Report

Year ending 31 August 2023

Young Masters Visual Art School (YMVAS) Creative Hub

Charity Details

Charity number: 1174558 Address: 2 Upper Ashley Lane BD17 7DA Telephone Number: 07753513869

The trustees of the charity are as follows: Dr Virginija Kuosaite-Knowles (appointed 7 September 2017 as Chair of Trustees), Amanda Louise Gill (appointed 28 November 2018), Leon Paul Oakley (appointed 28 November 2018).

Governing Document

YMVAS is governed by its Constitution of a Charitable Incorporated Organisation dated 7 September 2017. It is registered as a charity with the Charity Commission. We have assessed what skills are needed across the board, and sought help from external bodies to recruit more business aware trustees where needed. In addition to this we have sought guidance on the responsibilities of our trustees, and made this available to them. Anyone over the age of 18 can become a member of the trustees.

Organisation and Charitable Aims

YMVAS is a charitable after-school art school opened for young people age 4 to 16 years old. We teach painting, drawing, sculpture, art history and much more. The work our students create is regularly displayed at free public exhibitions locally and abroad. We provide preGCSE and GCSE level qualifications through Trinity College London Arts Award certification. YMVAS supports autistic, disabled and gifted young people.

Young Masters Visual Art School (YMVAS) encourages social engagement of children and young people through the teaching of art and design. It promotes creativity, curiosity and confidence in its students, and has contributed to a to notable improvement in many students' attainment in other areas of their wider education.

Chair’s Report

Young Masters Visual Art School is a result of dedicated work of Dr Virginija Kuosaite-Knowles and her team. The charity has evolved from Idle Art Studio Ltd through amount of charitable work the company has provided since it has been established in March 2014. Relevant developments of the company have been outlined in the Charity Reports throughout 20182022.

The academic year September 2022 to August 2023 financially was similar to the previous year, regarding our income from trade and expenditure on charitable activities. Losses incurred for two years as a result of lower grant income. This year we incurred significantly higher energy costs, compared to the previous years. If November 2021- February 2022 total gas bill was £726, then same period 2022-2023 was £1779. The gas bill remained staggeringly high throughout Spring months resulting in total increase by 300%.

Curriculum for academic year 2022-2023: This academic year 2022-2023 we further expanded pre-school/KS1 age provision in form of additional Saturday afternoon Mini Masters classes; expanded 11+ provision in form of free Sunday Bronze/Silver/GCSE classes in addition to the weekday courses designed to achieve Silver/GCSE qualification in Photography, Islamic Art, Fashion Design, Illustration and Advanced Painting. We added a day time Textile class on Tuesdays for Home Educated children. Our regular KS2 and Home Educated provision remained the same. Our main provision, as a charitable aim, remained for the primary school children age 7-11.

We started a year with our end of a year exhibition in September 2022, covering the human and animal portrait themed artwork from Spring-Summer 2022. Well attended by Young Masters families and the Lord Mayor of Bradford, Cllr Martin Lowe.

In academic year 2022-2023 our KS2 students in regular Young Masters classes covered: Autumn term: multimedia live drawing and collage of natural forms (plants and shells); moving onto drawing insects and making paper mache cardboard reliefs. Winter term: Pastel and watercolour Still life; vegetable monoprint; pallet knife Victorian style painting. Spring term: local artist’s Jane Fielder inspired local watercolour landscapes; mixed media areal paintings (widely displayed at various locations in Bradford and abroad); poster painting of our favourite holiday destination; printed paper collages telling our own story.

Achievements: Lord Mayor of Bradford Christmas card competition: Our school had three first prizes in Bradford Council Christmas card competition and had a lovely celebration with the family and friends at Bradford City Hall with dazzling lights and twinkling trees. The Lord Mayor Cllr Martin Lowe handed out certificates.

Photography and Photoshop exhibition: In December 2022 we celebrated our first Photography class exhibition at Young Masters. We printed children’s work, demonstrating their incredible skill in handling cameras and using Photoshop programme on the computer. These are very valuable skill in future learning and study or job prospects.

Silver/GCSE Arts Award: At the end of academic year 2022 our Silver/GCSE programme was firmly embedded in our school provision. We continued with free Sunday classes, guiding our students in their individual and group work to obtain the Trinity College London Silver Arts Award. For more details, please see the charity report 2022. In total, we successfully enrolled 26 students.

Skill Share Sundays: To help our Silver students to achieve their study goals with the Award programme, we regularly organized free Skill Share Sundays with the local artists. Dennis Bristow provided two workshops in pencil drawing techniques of the local brick buildings. A local printer Claire Rooks led four linocut and printing workshops. All this additional work has enhanced students’ portfolios and provided with additional skills and understanding of techniques, required to achieve the award.

King’s Charle’s Royal Coronation Party: We have received a small local authority grant of £250 to celebrate the coronation of the King. That was a fun activity, designed by Virginija

Knowles, and celebrated not only on a day with the cakes and a picnic, but also rolled out throughout all Young Masters classes, making tall and prominent crowns for everyone.

Collaboration with MIND: We were delighted to have attracted an interest of the amazing charity MIND IN BRADFORD to run a new support group for our parents and carers, which started in November 2022 for six weeks and then continued regularly after Christmas. This provided a huge support to our families with children and their challenging behaviours, gave a support and care to parents who cared for a family member with long illness and anxiety. The sessions were provided by a wonderful MIND practitioner Kath Anderson.

Bingley Little Theatre exhibition: Our Young Masters students were invited to display their work at Bingley Little Theatre. This was organised by The Arts Society and Saltaire Arts Society, who also have provided a cheque for £150 to frame the artwork. All the effort hanging it out is down to our school's volunteers. For this exhibition we have chosen to display the Cityscapes, which were created in our regular Young Masters classes, covering the age group 7 to 12. We delved into various perspectives and drew a bird’s eye view using a simple string technique, or a ‘worms eye view’ looking up at the skyscrapers from a pedestrian point of view. Using the knowledge of perspective, we started drawing the fabulous cityscapes from all around the world and started painting using accentuated brush strokes to get the formation of the sky and the buildings, as seen in American artist’s Yvonne Jacquette depictions of aerial landscapes often painted using a distinctive, pointillistic technique. We also effectively added a spot of collage technique, so well and playfully being used by a contemporary Italian painter Francesco Lietti.

Chemnitz 2025: Our charity head Virginija Knowles was invited to represent Bradford 2025 at Chemnitz 2025, European city of culture in Germany. The presentation included six other Bradford artists, who took their skills and artwork to demonstrate at Makers United Festival in Chemnitz in June 2023. The week-long event included meeting local artists, socialising, learning from other international participants, leading workshops for school children and adults and demonstrating our artwork.

Funding Application to Leeds Community Foundation (Core costs £10K): A grant contribution towards our core costs would help us keep our building safe and warm and would free up a valuable trustees time from daily volunteering/safeguarding and direct their efforts towards finding the more effective ways to fund the increasing operational costs and to avoid the detrimental effects it could have on our school. We would use the grant to help pay proportionately towards the management/safeguarding costs, heating costs and increase Arts Award provision, that are imperative to the charitable aims of Young Masters. Help with our core costs will stabilise our depleting reserve pot, improve our service delivery and ensure security and sustainability within our charity. We want Young Masters to be as stable and effective as it can be - so we are in the best position to achieve our mission statement; and to carry on providing our affordable and effective Visual Arts, Photography, Crafts, Sewing, Arts Award and Illustration classes within our community.

Funding Application to Bradford2025 (Capital grant 10K): To improve our building by replacing the existing single glazed rotten windows, this will in turn help us reduce running costs. To replace the carpeted flooring to a modern hygienic easy maintenance laminate

flooring. We have chosen this building in 2020 because it resembles a little school, has everything we need, including the storage, and is affordable for our charity.

Creative Industries Application (Silver GCSE Award 9.8K): Thanks to Victoria Clifton, the Head of Learning at Bradford Museums and Galleries, we were invited to represent our school to Creative Industries Board meeting. We thought it would be fair to remind community just how thankful and grateful we are for their direct support. We were aiming to highlight the importance of support in continuous Silver/GCSE provision in our school.

Premises + 2014-2016 Church halls ITh2ckley, Sa1tsire, Guiseley, Bingleyl + Kala Sangam + Beckfoot school 2016-2020 Merchants Quay + Kala Sangam + Sunny 8ank Mills Leed5 Since February 202DAshley House 10 year lease... COVIDI Covid impact on Young Master5 ArtsCwTrtillundi . ￿￿rnmEnt[oVId[e(OW8rBThts QnlinvArnSrhppl.-220P4WTr... r￿d(Drd. ArtSAw3Td￿lV￿r/6￿E0u￿l￿Eb￿Dn￿h￿￿rnen1￿KOuthC￿Vld Tr5Drnprn¥5 Financial position Gelling out of Covid with £20K reserves Attend3nce increa5e5 by 20% and continues to rise (HEI Turnover falls by 40% Energy bills go up by 3LKI%, materials BO UP to 200%... Self-sustain3bility becomes hard to achieve However, we avoid Int￿as1n¥t￿@ fees and tontinue supporting SEND Recognising the hardship of the SENO f3milies, adheringto our charitable aims & objedives, supporting wellbein8 and continue providing learning opportunities for vulnerable youn8 people Time Table and further opportunities Weare openedlorcarnmunity8athpnn MIND sev￿rE rneetlll8spnWed Homé Educatéd MuMClubDnThws Sklll ShartSundaYs￿lhthe Lotalartlsts Vol￿nteerI￿/￿OlkplacÉMÉrttor￿rt￿￿lt￿f￿r Furthe1opEningopportufiit￿.' Monda￿. Tup5day5 diy11￿?, WPdnp5dww5eveni￿& Fridays F¢rCPD, fuhdedSifvrlGtsE¢Ouisfor HE SENDchlldren/Young people.arttheraryyfor Also Ha￿ternsChOO￿ 5umrnorsthcdsetc.

Arts Award Isilver Award/GCSEI proposal Two Silver classes for SEND youn8 people Id2ytime/evenin811201 Duration.. one academic year. once a week, 90min 5e$5ion C05ting5.' 42x20xll + 30x20 . Total amount.. 9,840 Success stories.. 'De5w￿￿o2O￿CkthWn reiidiDn5èndonlinEtÈarhingwÈSutrEÈdÈdtOW li ￿UdentSth￿U provEd tobE￿IlIf0ranUmb￿TOf51Ud￿ntSt0mUv￿ IntDlurthEfEducali￿.FQ￿e￿￿p￿.J.G.l AUt15t1chDmE-ed￿3Ied¥o￿nSpe￿Dn1Se 1Swa5AbletogetintDanatcountan(ycollege Iv¢ith 5(knol puwlwa5ablEtD5ECUfEap13CEonanAtlsrou￿ea￿LeP￿&(ltyroll￿SEaheadofhermll GC5Eexam5b3sed Dn hE[fAntsKart5pDrtk￿IQ1n￿S1fverlGC5E1n theArt5which she￿InEd th￿&hy11¥As.ThI5I￿aTIVhada hUBepwb￿impatttDW￿ns peopqE¥lrfe.ThEStudents' h3 WDTklndartt￿h￿￿ dedKation h351n5pired uStocreatemorecou￿e5forantW1(adern￿y￿3r.' Time for Recognition/Respect/Reward bA.

1174558
Period start date
01.09.2022
To
Period end
date
31.08.2023
YoungMastersVisual Art SchoolCreativeHub
Annualaccountsforthe period
ie~~ae~~
FOR ENGLAND AND WALES		 1174558
Period start date
01.09.2022
To
Period end
date
31.08.2023
YoungMastersVisual Art SchoolCreativeHub
Annualaccountsforthe period
ie~~ae~~
FOR ENGLAND AND WALES		 1174558
Period start date
01.09.2022
To
Period end
date
31.08.2023
YoungMastersVisual Art SchoolCreativeHub
Annualaccountsforthe period
ie~~ae~~
FOR ENGLAND AND WALES		 1174558
Period start date
01.09.2022
To
Period end
date
31.08.2023
YoungMastersVisual Art SchoolCreativeHub
Annualaccountsforthe period
ie~~ae~~
FOR ENGLAND AND WALES		 1174558
Period start date
01.09.2022
To
Period end
date
31.08.2023
YoungMastersVisual Art SchoolCreativeHub
Annualaccountsforthe period
ie~~ae~~
FOR ENGLAND AND WALES		 1174558
Period start date
01.09.2022
To
Period end
date
31.08.2023
YoungMastersVisual Art SchoolCreativeHub
Annualaccountsforthe period
ie~~ae~~
FOR ENGLAND AND WALES		 1174558
Period start date
01.09.2022
To
Period end
date
31.08.2023
YoungMastersVisual Art SchoolCreativeHub
Annualaccountsforthe period
ie~~ae~~
FOR ENGLAND AND WALES		 1174558
Period start date
01.09.2022
To
Period end
date
31.08.2023
YoungMastersVisual Art SchoolCreativeHub
Annualaccountsforthe period
ie~~ae~~
FOR ENGLAND AND WALES		 1174558
Period start date
01.09.2022
To
Period end
date
31.08.2023
YoungMastersVisual Art SchoolCreativeHub
Annualaccountsforthe period
ie~~ae~~
FOR ENGLAND AND WALES		 1174558
Period start date
01.09.2022
To
Period end
date
31.08.2023
YoungMastersVisual Art SchoolCreativeHub
Annualaccountsforthe period
ie~~ae~~
FOR ENGLAND AND WALES		 1174558
Period start date
01.09.2022
To
Period end
date
31.08.2023
YoungMastersVisual Art SchoolCreativeHub
Annualaccountsforthe period
ie~~ae~~
FOR ENGLAND AND WALES
Section A Statement of financial activities Section A Statement of financial activities Section A Statement of financial activities Section A Statement of financial activities
Recommended categories by
activity		 Guidance Notes Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Total funds Prior year
funds
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations and legacies S01 700 - - 700 10,552
Charitable activities S02 - - - - -
Other trading activities S03 47,727 - - 47,727 40,799
Investments S04 - - - - 3
Separate material item of income S05 - - - - -
Other S06 - - - - -
Total S07 48,427 - - 48,427 51,353
Resources expended (Note 6)
Expenditure on:
Raising funds S08 - - - - 2,000
Charitable activities S09 60,609 - - 60,609 62,377
Separate material item of expense S10 - - - - -
Other S11 - - - - -
Total S12 60,609 - - 60,609 64,377
Net income/(expenditure) before investment
gains/(losses) S13 - 12,182
-		 - - - 12,182
-		 - 13,024
-
Net gains/(losses) on investments S14 - - - - -
Net income/(expenditure) S15 - 12,182
-		 - - - 12,182
-		 - 13,024
-
Extraordinary items S16 - - - - -
Transfers between funds S17 - - - - -
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use S18 - - - - -
Other gains/(losses) S19 - - - - -
Net movement in funds S20 - 12,182
-		 - - - 12,182
-		 - 13,024
-
Reconciliation of funds:
Total funds brought forward S21 - - - - -
Total funds carried forward S22 - 12,182
-		 - - - 12,182
-		 - 13,024
-

Incoming resources (Note 3)

Income and endowments from:

Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other

Total Resources expended (Note 6)

Expenditure on:

Raising funds Charitable activities Separate material item of expense Other Total Net income/(expenditure) before investment gains/(losses) Net gains/(losses) on investments Net income/(expenditure) Extraordinary items Transfers between funds Other recognised gains/(losses):

Gains and losses on revaluation of fixed assets for the charity’s own use Other gains/(losses) Net movement in funds

Reconciliation of funds: Total funds brought forward Total funds carried forward

CC17a (Excel)

05/02/2025

1

~~ee~~ Section B Balance sheet

Guidance Notes Unrestricted
funds		 Unrestricted
Restricted
income
funds		 Endowment
funds		 Total this
year		 Total last
year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) Intangible assets (Note 15) B01 - - - - - - - - - - - - - - - - -
Tangible assets (Note 14) Tangible assets (Note 14) B02 1,482 - - 1 482 - - 1 482 - - 1 482 - - 1,482 2,756
Heritage assets (Note 16) Heritage assets (Note 16) B03 - - - - - - - - - - - - - - - - -
Investments (Note 17) Investments (Note 17) B04 - - - - - - - - - - - - - - - - -
Total fixed assets B05 1,482 - - 1,482 1,482 - - 1,482 1,482 - - 1,482 1,482 - - 1,482 2,756
Current assets
Stocks (Note 18) Stocks (Note 18) B06 - - - - - - - - - - - - - - - - -
Debtors (Note 19) Debtors (Note 19) B07 - - - - - - - - - - - - - - - - -
Investments (Note 17.4) Investments (Note 17.4) B08 - - - - - - - - - - - - - - - - -
Cash at bank and in hand (Note 24) Cash at bank and in hand (Note 24) B09 13,502 - - 13,502 13,502 - - 13,502 13,502 - - 13,502 13,502 - - 13,502 22,900
Total current assets B10 13,502 - - 13,502 13,502 - - 13,502 13,502 - - 13,502 13,502 - - 13,502 22,900
Creditors: amounts falling due within
one year (Note 20)		 B11 2,746 - - 2,746
1,236
~~ee~~
~~ee~~
~~ee~~
Net current assets/(liabilities) Net current assets/(liabilities) B12 10,756 - - 10,756 10,756 - - 10,756 10,756 - - 10,756 10,756 - - 10,756 21,664
Total assets less current liabilities B13 12,238 - 12,238 - - 12,238 24,420
Creditors: amounts falling due after amounts falling due after
one year (Note 20) B14 2,729 - - 2 729 - - 2 729 - - 2 729 - - 2,729 2,729
Provisions for liabilities B15 - - - - - - - - - - - - - - - - -
Total net assets or liabilities
Funds of the Charity		 B16 9,509 - -
~~es ~~		 9,509 - -
~~ee~~		 9,509 - - 9,509 21,691
Endowment funds (Note 27) B17 - - - - - - - - - - - - - - - - -
Restricted income funds (Note 27) B18 - - - - - - - - - - - - - - - - -
Unrestricted funds B19 9,509 - - 9 509 - - 9 509 - - 9 509 - - 9,509 22,533
Revaluation reserve B20 - - - - - - - - - - - - - - - - -
Total funds B21 9,509 - - 9,509 9,509 - - 9,509 9,509 - - 9,509 9,509 - - 9,509 22,533
Signed by one or two trustees on behalf of all Date of
the trustees Signature Print Name approval
dd/mm/yyyy
V Kuosaite Knowles 07/02/2025

CC17a (Excel)

05/02/2025

2

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

The charity constitutes a public benefit entity as defined by FRS 102.*

✓

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the going concern assumption doubtful;

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

Losses incurred for two years as a result of lower grant income. Income from trade remains stable. Viability of charity will be assessed in the next financial year if grant income does not improve. Not applicable Not applicable

CC17a (Excel)

05/02/2025

3

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes
✓
No
✓
Please disclose:		 ✓ * -Tick as appropriate * -Tick as appropriate
✓
(i) the nature of the change in accounting policy;
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information;
and
(iii) the amount of the adjustment for each line affected
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes
No		 ✓ * -Tick as appropriate * -Tick as appropriate
✓
Please disclose:
(i) the nature of any changes;
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or
more future periods.

CC17a (Excel)

05/02/2025

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1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes
✓
No
✓
Please disclose:		 ✓ * -Tick as appropriate * -Tick as appropriate
✓
(i) the nature of the prior period error;
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
(iii) the amount of the correction at the beginning of the
earliest prior period presented in the accounts.

CC17a (Excel)

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Section C Notes to the accounts (cont)

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Please provide a description of the nature of each change in accounting policy

Reconcilation of funds per previous GAAP to funds determined under FRS 102

Start of End of period period £ £ Fund balances as previously 0 0 stated Adjustments: 0 0 Fund balance as restated 0 0

Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102

End of £ Net income/(expenditure) as previously 0 stated Adjustments: 0 Previous period net income/(expenditure) 0 as restated

CC17a (Excel)

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Recognition of income
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
Donated goods
Contractual income and
performance related
grants
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required
or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance 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 related conditions are met (5.16 FRS 102 SORP).
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Government grants
The charity has received government grants in the reporting period
Tax reclaims on
donations and gifts
Gift Aid receivable is included in income when 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 or
the terms of the appeal have specified otherwise.
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.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Donated services and
facilities
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.		 Yes
No
N/a		 Yes
No
N/a		 Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a

Support costs The charity has incurred expenditure on support costs.

✓ ✓ ✓

2.4 ASSETS
Intangible fixed assets
Settlement of insurance
claims
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
Volunteer help
These are capitalised if they can be used for more than one year, and cost at least
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income
No material item of deferred income has been included in the accounts.
Creditors
The charity has creditors which are measured at settlement amounts less any trade
discounts
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Income from interest,
royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
Income from membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
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.
2.3 EXPENDITURE AND LIABILITIES
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
Investment gains and
losses
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
Tangible fixed assets for
use by charity
The depreciation rates and methods used are disclosed in note 9.2.
Governance and support
costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with performance
conditions
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Grants payable without
performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.		 Yes
No
N/a		 Yes
No
N/a		 Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓
 ✓ ✓
~~Yes~~
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓

Yes Nla They are valued at Cost.

Heritage assets
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
They are valued at cost.
Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
Current asset
investments
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes rather
than to meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.		 Yes
No
N/a		 Yes
No
N/a		 Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓
Yes
No
N/a
✓ ✓ ✓

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income Analysis of income
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Donations and gifts
- - - -3
Gift Aid
- - - - -
Legacies
- - - - -
General grants provided by government/other
charities
700
- - 70010,550
Membership subscriptions and sponsorships
which are in substance donations
- - - - -
Donated goods, facilities and services
- - - - -
Other
- - - - -
Total 700
- - 70010,552
- - - - -
- - - - -
- - - - -
Other
- - - - -
Total
- - - - -
Art Lessons
41,027 - - 41,027 40,322
Art Events
- - - - 425
Rental Income
- - - - -
Other
6,700- -6,700 51
Total 47,727- - 47,727 40,799
Interest income
- - - -3
Dividend income
- - - - -
Rental and leasing income
- - - - -
Other
- - - - -
Total
- - - -3
- - - - -
- - - - -
- - - - -
- - - - -
Total
- - - - -
Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
property rights
- - - - -
Other
- - - - -
Total
- - - - -
48,427- -48,427 51,353
Other information:
Analysis
Donations
and legacies:
Charitable
activities:
Other trading
activities:
Income from
investments:
Separate
material item
of income:
TOTAL INCOME
Other:		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Analysis
Donations and gifts - - - - 3

Gift Aid		 - - - - -
Legacies - - - - -
General grants provided by government/other
charities		 700 - - 700 10,550
Membership subscriptions and sponsorships
which are in substance donations		 - - - - -
Donated goods, facilities and services - - - - -

Other		 - - - - -
Total 700 - - 700 10,552
- - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Art Lessons
 41,027 - - 41,027 40,322
Art Events - - - - 425
Rental Income - - - - -
Other 6,700 - - 6,700 51
Total 47,727 - - 47,727 40,799
Interest income - - - - 3
Dividend income - - - - -
Rental and leasing income - - - - -

Other		 - - - - -
Total - - - - 3
- - - - -
- - - - -
- - - - -
- - - - -
Total - - - - -
Conversion of endowment funds into income - - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use		 - - - - -

Gain on disposal of a programme related
investment		 - - - - -
Royalties from the exploitation of intellectual
property rights		 - - - - -

Other		 - - - - -
Total - - - - -
48,427 - - 48,427 51,353
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.

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Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

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Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Government grant 1
Government grant 2
Government grant 3
Other
Please provide details of any
unfulfilled conditions and other
contingencies attaching to grants
that have been recognised in income.
Please give details of other forms of
government assistance from which
the charity has directly benefited.		 This year
Last year
£
£
Description		 This year
Last year
£
£
Description		 This year
Last year
£
£
Description
COVID Grants - -
Bradford Council Grant 200 10,550
WYPC Grant - -
Armed Forces Grant 500 -
Total 700 10,550

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Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Use of property
Other
Seconded staff		 This year
Last year
£
£		 This year
Last year
£
£
- -
- -
- -
- -
Please provide details of the
accounting policy for the recognition
and valuation of donated goods,
facilities and services.
Please provide details of any
unfulfilled conditions and other
contingencies attaching to resources
from donated goods and services not
recognised in income.
Please give details of other forms of
other donated goods and services not
recognised in the accounts, eg
contribution of unpaid volunteers.

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Section C Notes to the accounts (cont)

Note 6
Expenditure on
raising funds:
Expenditure on
charitable
activities		 Analysis of expenditure
Analysis		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Incurred seeking donations - - - - -
Incurred seeking legacies - - - - -
Incurred seeking grants - - - - -
Operating membership schemes and
social lotteries		 - - - - -
Staging fundraising events - - - - -
Fundraising agents - - - - -
Operating charity shops - - - - -
Operating a trading company
undertaking non-charitable trading
activity		 - - - - -
Advertising, marketing, direct mail and
publicity
 - - - - -
Start up costs incurred in generating
new source of future income		 - - - - -
Database development costs - - - - -
Other trading activities - - - - -
Investment management costs: - - - - -
Portfolio management costs - - - - -

Cost of obtaining investment advice		 - - - - 2,000
Investment administration costs - - - - -
Intellectual property licencing costs - - - - -
Rent collection, property repairs and
maintenance charges		 - - - - -
- - - - -
Total expenditure on raising funds - - - - 2,000
Teaching fees 36,499 - - 36,499 30,906
Materials 2,825 - - 2,825 4,866
Direct Expenses 796 - - 796 190
Administrative Costs 20,490 - - 20,490 22,015
Total expenditure on charitable
activities		 60,609 - - 60,609 57,977

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Other
Total
Separate material
item of expense
COVID-19 Maintenance (VKK)
TOTAL EXPENDITURE
Total other expenditure
COVID-19 Maintenance (VKK)		 - - - - 4,400
- - - - -
- - - - -
- - - - -
Total - - - - 4,400
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Total other expenditure - - - - -
60,609 - - 60,609 64,377

Other information:

Analysis of expenditure on charitable activities

Activity or
programme		 Activities undertaken directly Activities undertaken directly Grant
funding
of
activities		 Support
Costs		 Total this
year		 Total prior
year
£ £ £ £ £
Activity 1
Activity2		 Provisionof Art Classes - 60,609 60,609 64,377
Other
Total 60,609 60,609 64,377
Prior year expenditure on charitable activities
can be analysed as follows:		 Rent £8,322 (Prior Year £7,939) within Admin Costs. Accountancy Fees
includes prior year bills £4,214.91 (Prior Year £320.20). Consulting relates to
GrantRaisingExpertise £2,000.
Within the expenditure items above the
following items are material: (please disclose
the nature, amount and any prior year
amounts)		 Rent £7,200 (Prior Year £8,323) within Admin Costs. Light, Power & Heating
includes prior year bills £3,712 (Prior Year £1,854). Accountancy Fees now
relate to two years £1509.60 (Prior Year £4,214.40). No COVID cleaning costs
(Prior Year £4,495). No consulting (Prior Year £2,000).

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Section C Notes to the accounts (cont)

Note 7 Extraordinary items

Please explain the nature of each extraordinary item occurring in the period.

Extraordinary item 1
Extraordinary item 2
Extraordinary item 3
Extraordinary item 4
Total extrordinary item		 Description This year
Last year
£
£		 This year
Last year
£
£
- -
- -
- -
- -
- -
s - -

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Section C Notes to the accounts

Note 8 Funds received as agent

8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.

Amount received Amount received Amount paid out Amount paid out Balance held at period end Balance held at period end
Description/name of party Related
party (Yes
or No)		 This year Last year This year Last year This year Last year
£ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -

8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.

Description/name of party Balance held at period end Balance held at period end
This year Last year
£ £
- -
- -
- -
- -
- -
Total - -

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Section C Notes to the accounts

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

Support cost
(examples)		 Raising funds
£		 Activity 1
£		 Activity 2
£		 Activity 3
£		 Grand total
£		 Basis of
allocation
(Describe
method)
Governance - - - -
- - - -
- - - -
- - - -
Other - - - -
Total - - - -

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

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Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner

This year
£		 Last year
£
900 900

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Section C Notes to the accounts (cont)

Note 11 Paid employees

Please complete this note if the charity has any employees.

11.1 Staff Costs

Salaries and wages
Social security costs
Other employee benefits
Total staff costs
Pension costs (defined contribution scheme)		 This year
£		 Last year
£
- -
- -
- -
- -

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

Band Number of employees Number of employees Number of employees
£60,000 to £69,999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999
11.2 Average head count in the year
Please provide the total amount paid to
key management personnel (includes
trustees and senior management) for
their services to the charity
The parts of the charity in which the
employees work
This year
Number		 Last year
Number
Fundraising - -
Charitable Activities - -
Governance - -
Other - -
Total - -

11.3 Ex-gratia payments to employees and others (excluding trustees)

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Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

Please state the legal authority or reason for making the payment

Please state the amount of the payment (or value of any waiver of a right to an asset)

11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Total amount of payment

The nature of the payment (cash, asset etc.)

The extent of redundancy funding at the balance sheet date

Please state the accounting policy for any redundancy or termination payments

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Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense

Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that altough the scheme is accounted for as a defined

contribution plan, it is a defined benefit plan.

Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan

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Section C Notes to the accounts (cont)

Note 13 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

13.1 Analysis of grants paid (included in cost of charitable activities)
Analysis ~~Grants to~~
institutions		 ~~Grants to~~
individuals		 Support costs Total
Activityorproject 1 £ £
Activityorproject 2 - -
Activityorproject 3 - -
Activityorproject 4 - -
Total - - - -

Please enter “Nil” if the charity does not identify and/or allocate support costs.

13.2 Grants made to institutions

13.2 Grants made to institutions
My charity has made grants to particular institutions that are material in
the context of its grantmaking. Details of the institution supported,
purpose of the grant and total paid to each institution is available on the
charity's web site.		 Yes Please provide
details of charity's
URL.
No Provide details
below
purpose o te grant an tota pa to eac nsttuton
charity's web site.		 No
avaae on te		 Provide details
below
Names of institution Purpose Total amount of
grants paid £
-
-
-
-
-
-
-
-
-
-
TOTAL GRANTS PAID
Other unanalysed grants
Total grants to institutions in reporting period		 -
-
-

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Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 14.1 Cost or valuation

At the beginning of
the year
Additions
Revaluations
Disposals
Transfers *
At end of the year		 Freehold land
& buildings
£		 Other land &
buildings
£		 Plant,
machinery and
motor vehicles
£
Fixtures,
fittings and
equipment
£		 Total
£
- - - 8,047 8,047
- - - - -
- - - - -
- - - - -
- - - - -
- - - 8,047 8,047

14.2 Depreciation and impairments

*Basis*
 Rate
At beginning of the
year
Disposals
Depreciation
Impairment
Transfers
At end of the year
Net book value at the
beginning of the year
Net book value at the
end of the year
14.3 Net book value*		 SL or RB SL or RB SL or RB SL SL or RB Straight Line
("SL") or
Reducing
Balance
("RB")
- - - 5,291 5,291
- - - - -
- - - 1,274 1,274
- - - - -
- - - - -
- - - 6,565 6,565
- - - 2,756 2,756
- - - 1,482 1,482
- - - 2,756 2,756
- - - 1,482 1,482

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14.4 Impairment

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

14.5 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

the name of independent valuer, if applicable

the methods applied and significant assumptions

the carrying amount that would have been recognised had the assets been carried under the cost model.

14.6 Other disclosures

(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used.

(ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets.

(iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.

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Section C Notes to the accounts

Note 15 Intangible assets Please complete this note if the charity has any intangible assets 15.1 Cost or valuation

At beginning of the
year
Additions
Disposals
Revaluations
Transfers *
At end of the year		 Research &
development
£		 Patents and
trademarks
£		 Other
£		 Total
£
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -

15.2 Amortisation and impairments

*Basis*
 Rate
At beginning of the
year
Disposals
Amortisation
Impairment
Transfers
At end of year
Nat book value at the
beginning of the year
Net book value at the
end of the year
15.3 Net book value*		 SL or RB SL or RB SL or RB SL or RB Straight Line
("SL") or
Reducing
Balance
("RB")
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -

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15.4 Accounting policy

Please disclose the accounting policy for intangible fixed assets including:

Reasons for choosing amortisation rates Policies for the recognition of any capital development

15.5 Impairment

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

15.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

the name of independent valuer, if applicable the methods applied

the carrying amount that would have been recognised had the assets been carried under the cost model.

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15.7 Other disclosures

(i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset.

(ii) Details of the carrying amounts of any intangible assets to which the charity has restricted title or that are pledged as security for liabilities.

(iii) Please provide the amount of contractual commitments for the acquisition of intangible assets.

(iv) State the amount of research and development expenditure recognised as expenditure in the year.

(vi) Please detail the headings in the SOFA in which a charge for amortisation of intangible assets is included.

(vii) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period.

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual

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Section C Notes to the accounts (cont)

Note 16 Heritage assets Please complete this note if the charity has heritage assets

16.1 General disclosures for all charities holding heritage assets

(ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.

16.2 Cost or valuation

At beginning of the year
Additions
Disposals
Revaluations
Transfers *
At end of the year		 Heritage asset
1
£
Heritage asset
2
£
Heritage asset
3
£
Heritage asset
4
£
Total
£
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

16.3 Depreciation and impairments

*Basis*
 Rate
At beginning of the year
Disposals
Depreciation
Impairment
Transfers*
At end of year		 Straight Line
("SL") or
Reducing
Balance
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

16.4 Net book value

Nat book value at the beginning of the year Net book value at the end of the year

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CC17a (Excèll 0510212025

16.5 Impairment

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

16.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation

the name of independent valuer, if applicable

qualifications of independent valuer

the methods applied and significant assumptions

any significant limitations on the valuation

16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

Carrying amount at the beginning of the
period
Additions
Disposals
Depreciation/impairment
Revaluation
Carrying amount at the end of period		 At valuation
Group A
£		 At cost Group
B
£		 Total
£
- - -
- - -
- - -
- - -
- - -
- - -

16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)

(i) Explain the reason why heritage assets have not been recognised on the balance sheet.

(ii) Describe the significance and nature of heritage assets.

(iii) Disclose information that is helpful in assessing the value of heritage assets.

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(iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.

16.9 Five year summary of heritage assets transactions

2018 2017 2016 2015 2014
£ £ £ £ £
Purchases
Group A
Group B
Group C
Other
Donations
Group A
Group B
Group C
Other
Total additions
Charge for impairment
Group A
Group B
Group C
Other
Total charge for impairment
Disposals
Group A - carrying amount
Group B - carrying amount
Group C
Other
Total disposals
- - - - -
- - - - -
-
-
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

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Section C Notes to the accounts (cont)

Please complete this note if the charity has any investment assets.

Note 17 Investment assets

17.1 Fixed assets investments (please provide for each class of investment)

Carrying (fair) value at beginning of
period
Add:additions to investments during
period
Less:disposals at carrying value
Less: impairments
Add: Reversal of impairments
Add/(deduct):transfer in/(out) in the
period
Add/(deduct):*net gain/(loss) on
revaluation
Carrying (fair) value at end of year		 Cash & cash
equivalents
Listed
investments		 Investment
properties		 Social
investments		 Other Total
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -

*Please specify additions resulting from acquisitions through business combinations, if any.

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

Analysis of investments
Cash or cash equivalents
Investment properties
Other investments
Total
Social investments
Grand total (Fair value at year end+Cost less impairment)
Listed investments
Fair value at year end Cost less impairment
£ £
- -
- -
- -
- -
- -
- -

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17.3 If your charity holds investment properties, please complete the following note:

(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity (ii) Name or independent valuer, if applicable, and relevant qualifications

(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds (iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Analysis of current asset
investments
Cash or cash equivalents
Investment properties
Social investments
Listed investments
Other investments
Total		 This year Last year
£ £
- -
- -
- -
- -
- -
- -

17.5 Guarantees

Please provide details and amount of any guarantee made to or on behalf of a third party Name of the entity or entities benefitting from those guarantees Please explain how the guarantee furthers the charity's aims

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17.6 Concessionary loans

Amount of concessionary loans received
(Multiple loans received may be disclosed in
aggregate provided that such aggregation does not
obsure significant information).
Amounts receivable after more than 1 year
Amounts payable after more than 1 year
Amounts receivable within 1 year
Terms and conditions eg interest rate, security
provided
Value of any concessionary loans which have
been committed but not taken up at the reporting
date
Amounts payable within 1 year
Amount of concessionary loans made (Multiple
loans made may be disclosed in aggregate provided
that such aggregation does not obsure significant
information ).		 Description This year £ Last year £
Total
Description This year £ Last year £
Total

17.7 Additional information

Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk.

For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique. Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.

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Section C Notes to the accounts (cont)

Note 18 Stocks

Please complete this note if the charity holds any stock items

18.1 Please state the carrying amount of stock and work in progress analysed between activities.

Charitable activities:
Opening
Added in period
Expensed in period
Impaired
Closing
Other trading activities:
Opening
Added in period
Expensed in period
Impaired
Closing
Other:
Opening
Added in period
Expensed in period
Impaired
Closing
Total this year
Total previous year		 Stock Stock Donated goods Donated goods Work in
progress
For
distribution		 For resale For
distribution		 For resale
£ £ £ £ £
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -

18.2 Please specify the carrying amount of any stocks pledged as security for liabilities

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Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Please complete this note if the charity has any
debtors or prepayments.
Note 19 Debtors and prepayments
19.1 Analysis of debtors
Trade debtors
Prepayments and accrued income
Other debtors		 This year
£		 Last year
£
- -
- -
- -
- -

Total

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Trade debtors
Prepayments and accrued income
Other debtors
Total		 This year
£		 Last year
£
- -
- -
- -
- -
- -

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Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals for grants payable
Bank loans and overdrafts
Trade creditors
Payments received on account for contracts or
performance-related grants
Accruals and deferred income
Taxation and social security
Other creditors
Total		 Amounts falling due
withinone year		 Amounts falling due
withinone year		 Amounts falling due after
more than one year		 Amounts falling due after
more than one year
This year
£		 Last year
£		 This year
£		 Last year
£
- - - -
- - - -
- - - -
- - - -
2,746 1,236 - -
- - - -
- - 2,729 2,729
2,746 2,177 2,729 2,677

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

Movement in deferred income account

Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period

This year
£		 Last year
£
- -
- -
- -
- -

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Section C Notes to the accounts (cont)

Note 21 Provisions for liabilities and charges

Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.

21.1 Please provide: - a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments; - an indication of the uncertainties about the amount or timing of those outflows; and - the amount of any expected reimbursement, stating the amount of any asset that has been recognised for that expected reimbursement.

21.2 Movements in recognised provisions and funding commitment during the period

Balance at the start of the reporting period
Amounts added in current period
Amounts charged against the provision in the current period
Unused amounts reversed during the period
Balance at the end of the reporting period		 This year
£		 Last year
£
- -
- -
- -
- -
- -

21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions and details of how the commitment will be funded (with contracts for capital expenditure separately identified).

21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure.

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Section C Notes to the accounts (cont)

Note 22 Other disclosures for debtors, creditors and other basic financial instruments

22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk

22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.

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Section C Notes to the accounts (cont)

Note 23 Contingent liabilities and contingent assets

23.1 Contingent liabilities

Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.

of their existence is remote.
Description of item including its legal nature. Please
describe any security provided in connection to the
liability.		 Estimate of financial effect

23.2 Contingent assets Where the charity has contingent assets, please complete the following section when their existence is probable

Description of item Estimate of financial effect

23.4 Other disclosures for contingent assets and/or liabilities

Please provide the following information where practicable:

Explain any uncertainties relating to the amount or timing of settlement; and the possibilty of any reimbursement

Where it is not practical to make one or more of these disclosures, please state this fact

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Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand Other Total

This year
£		 Last year
£
- -
- -
13,502 22,900
. .
13,502 36,457

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Section C Notes to the accounts (cont)

Note 25 Fair value of assets and liabilities

25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.

25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

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Section C Notes to the accounts (cont)

Note 26 Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

Please provide details of the nature of the event

Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made

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Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

funds
Fund names Type PE, EE
**R or UR ***		 Purpose and Restrictions Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Gains and
losses
£		 Fund
balances
carried
forward
£
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds - - - - - -

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Charity Name

Report to the trustees/ Charity Name members of Young Masters Visual Art School Creative Hub

On accounts for the year 31 August 2023 Charity no 1174558
ended (if any)
Set out on pages 1-48
(remember to include the page numbers of additional sheets) (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2023.

Responsibilties and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed: Name: Jarmane Freeman Relevant professional qualification(s) or body (if any):

Date: 19/02/2025

1

Oct 2018

IER

Address: Flat 2 The Courthouse Church Street, Pateley Bridge Harrogate, HG3 5LB

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

Oct 2018

IER