2024-08-31-accounts

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Young Masters Visual Art School Creative Hub

Registered charity 1174558

Report

Year ending 31 August 2024

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 20182023.

Curriculum for academic year 2023-2024: This academic year 2023-2024 our teaching time table remained the same compared to the previous year. Meaning, our main provision, as a charitable aim, was focused to the primary school children age 4-11. Our regular KS2 and Home Educated provision remained the same. All additional KS2 courses were designed to achieve Silver/GCSE qualification in Photography, Fashion Design, Textile, Illustration and Painting.

Young Masters School restarted on 12 September 2023, in anticipation to receive funding from Leeds Community Foundation and Bradford 2025, both fundings being critically important to continue with Silver/Bronze Arts Award classes and install the double-glazed windows to keep us warm in winter and reduce gas bills.

However, very soon into the autumn term, we found out that our both applications have been declined. Peers Youth Fund: Unfortunately, your application to Pears Youth Fund was not successful. The panel provided the following feedback: The panel appreciated your application, but, unfortunately, on this occasion decided not to award funding. They wished to focus on awarding funding to organisations that can offer more inclusive activity for young people where fees are not a potential barrier. Bradford 2025: Your application has been assessed by a panel consisting of representatives from Bradford 2025, Bradford Metropolitan District Council and Arts Council England, and I am sorry to disappoint you, but your project has not been recommended for funding. No further feedback has been provided.

Silver/GCSE Arts Award: Not deterred by the disappointment, we continued our work at Young Masters. Arts Award Sunday classes started on 15 October with 16 students involved. The subjects covered in Textile, Photography, Fashion Design, Illustration and Painting classes for KS2 students. By the end of academic year some incredible work has been produced by our students – we are so proud of them all – they all passed Silver/GCSE/Level 2 qualification in the Arts.

Bingley Arts Centre: In October, we had our second exhibition at Bingley Arts Centre/Bingley Little Theatre, for which we chose to display our Friday Painting class artwork. Our students worked over three sessions to create the abstract backgrounds and weave into them their own warped features.

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. The most unique Skill Share at Young Masters yet was with Isabella Anne Kelley, who brought her heavy artillery tools for us to try the silversmith's bread. After hearing from Isabella how she became an artist in such a rare field, and trying her tools at hammering some patterns, we appreciated Isabella's dedication to this unusual form of art. Other Skill Shares included Virginija Knowles’ hand sewn Christmas decorations and Easter Bunny class.

Christmas Card competition: We had a lovely gathering at City Hall for the Lord Mayor's Christmas card competition winners. Tilly and Leia have been long-standing members of Young Masters school and attended our illustration class at the time. We are thrilled that their designs caught the Lord Mayor's and other officials’ eyes. We are so proud of our students, regularly winning this competition.

“Tree of Life”: In January 2024 Young Masters Visual Art School was hosting an exhibition of home textile products "Tree of Life". Papercuts and textile designs of our students were also exhibited at the Zarasai Faustas Latėnas School of Art, Lithuania, and "Roses and Lilies" gallery, Lithuania. “Roses and Lilies” is an initiative that unites not only creative women in the Lithuanian Highlands, but also creators living in big cities and abroad, who miss simplicity and seek inspiration in Lithuanian folk creativity, Lithuanian countryside, naive art, nature and

mutual fellowship. On the back of this cooperation, we dedicated our Winter term at young Masters studying the Folk Art of some countries with the strongest Folk Art traditions.

10 Years of Young Masters: In March, on 24[th] of March to be precise, we reached our 10[th] anniversary at Young Masters. To celebrate such achievement, we allowed ourselves to organise an exhibition, which would reflect the work of our most dedicated teachers and artists/creators themselves: Nicola Storr in Illustration, Jessica Swift in Painting and Virginija Knowles in Textiles.

Chemnitz 2025: Our charity head Virginija Knowles was invited back to Chemnitz to celebrate Chemnitz 2025, European city of culture in Germany. The week-long event in June included meeting local artists, socialising, learning from other international participants, leading workshops for school children and adults and demonstrating our artwork. Virginija’s trip was funded by Makers United, Germany and Saltaire Art Society, UK.

Antisocial behaviour at Young Masters neighbourhood: At the time of choosing Young Masters Visual Art School premises back in 2020, we haven’t anticipated that the neighbourhood could affect a safe functioning of our school. We have leased the building for 10 years, invested 10K in renovation costs to comply with the latest building regulations and build a safe environment while working with children. While we made every effort to make our school a safe, nurturing, supporting, eventually we discovered, we were not in the most 'friendliest' neighbourhoods. After a lot of harassment, verbal abuse and antisocial behaviour from the neighbouring business we were forced to report to the police, our local authority and a local MP and managed to get not one but two Community Resolution orders in the last year. That didn’t solve the problem. One would think that we live in the 21st century, in a developed country like the UK, where we have rights to protect our charity and keep our staff and families safe from harassment and verbal abuse, however for our estate agent and a landlord this seems to be beyond possibility to grasp. We have tried many different ways to solve the problem, and haven’t succeeded. We had to find the way to protect ourselves and our families from that sort of behaviour. It was with a heavy heart we made decision not to reopen our school in Shipley in September 2024.

Maybe our school is closed now, but our minds are free, and our students are flying high because we made their wings stronger.

Young Masters Visual Art School Creative Hub 1174558 FOR ENGLAND AND WALES Annual accounts for the period Period end Period start date To 01.09.2023 date 31.08.2024 ie ~~ae~~ Section A Statement of financial activities Restricted Recommended categories by Unrestricted income Endowment Prior year activity funds funds funds Total funds funds

Guidance Notes
Guidance Notes	Unrestricted funds		Restricted income funds	Endowment funds	Total funds			Prior year funds
		£	£	£		£		£
		F01	F02	F03		F04		F05
S01		-	-	-		-		700
S02		-	-	-		-		-
S03		28,940	-	-		28,940		47,727
S04		-	-	-		-		-
S05		-	-	-		-		-
S06		-	-	-		-		-
S07		28,940	-	-		28,940		48,427

S08		-	-	-		-		-
S09		42,296	-	-		42,296		60,609
S10		-	-	-		-		-
S11		-	-	-		-		-
S12		42,296	-	-		42,296		60,609

S13	-	13,355 -	-	-	-	13,355 -	-	12,182 -
S14		-	-	-		-		-
S15	-	13,355 -	-	-	-	13,355 -	-	12,182 -
S16		-	-	-		-		-
S17		-	-	-		-		-

S18		-	-	-		-		-
S19		-	-	-		-		-
S20	-	13,355 -	-	-	-	13,355 -	-	12,182 -

S21		-	-	-		-		-
S22	-	13,355 -	-	-	-	13,355 -	-	12,182 -

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

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	502 - - 502	502 - - 502	502 - - 502	502 - - 502	502 - - 502	1,482
Heritage assets (Note 16)	Heritage assets (Note 16)	B03	- - - -	- - - -	- - - -	- - - -	- - - -	-
Investments (Note 17)	Investments (Note 17)	B04	- - - -	- - - -	- - - -	- - - -	- - - -	-
	*Total fixed assets*	B05	502 - - 502	502 - - 502	502 - - 502	502 - - 502	502 - - 502	1,482
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	1,088 - - 1,088	1,088 - - 1,088	1,088 - - 1,088	1,088 - - 1,088	1,088 - - 1,088	13,502
*Total current assets*		B10	1,088 - - 1,088	1,088 - - 1,088	1,088 - - 1,088	1,088 - - 1,088	1,088 - - 1,088	13,502
Creditors: amounts falling due within one year (Note 20)		B11	2,707 - - 2,707 2,746 ~~ee~~ ~~ee~~ ~~ee~~
*Net current assets/(liabilities)*	*Net current assets/(liabilities)*	B12	- 1,619 - - - 1,619	- 1,619 - - - 1,619	- 1,619 - - - 1,619	- 1,619 - - - 1,619	- 1,619 - - - 1,619	10,756

*Total assets less current liabilities*		B13	- 1,118 -	- 1,118 -	-	- 1,118	- 1,118	12,238

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	2,729
Provisions for liabilities		B15	- - - -	- - - -	- - - -	- - - -	- - - -	-
*Total net assets or liabilities* Funds of the Charity		B16	- 3,846 - - ~~es ~~	- 3,846 - - ~~ee~~	- 3,846 - -	-	3,846 -	9,509
Endowment funds (Note 27)		B17	- - - -	- - - -	- - - -	- - - -	- - - -	-
Restricted income funds (Note 27)		B18	- - - -	- - - -	- - - -	- - - -	- - - -	-
Unrestricted funds		B19	- 3,846 - - - 3	846 - - - 3	846 - - - 3	846 - - - 3	846 - - - 3,846	9,509
Revaluation reserve		B20	- - - -	- - - -	- - - -	- - - -	- - - -	-
	*Total funds*	B21	- 3,846 - - - 3,846	- 3,846 - - - 3,846	- 3,846 - - - 3,846	- 3,846 - - - 3,846	- 3,846 - - - 3,846	9,509

Signed by one or two trustees on behalf of all								Date of
the trustees			Signature		Print Name			approval
								dd/mm/yyyy
					V Kuosaite Knowles		V Kuosaite Knowles	07/02/2025

Signed by one or two trustees on behalf of all the trustees

CC17a (Excel)

05/02/2025

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 Statement of Recommended Practice: Accounting and Reporting by Charities
• and with* ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014
the Financial Reporting Standard applicable in the United Kingdom and Republic of
• and with* ✓ Ireland (FRS 102)
and with the Charities Act 2011.

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

✓

-Tick as appropriate

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;

Not applicable

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.

A third year of material losses has led the trustees to the decision to cease activities at the end of this financial year. Next years accounts will be the final set of accounts in order to settle all remaining dues and debts where possible.

CC17a (Excel)

05/02/2025

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

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
	✓

*(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)

05/02/2025

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)

05/02/2025

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.

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.

✓ ✓ ✓

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 No Nla They are valued at ¢ost.

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 - - - - - Gift Aid - - - - - Legacies - - - - - General grants provided by government/other charities - - - - 700 Membership subscriptions and sponsorships which are in substance donations - - - - - Donated goods, facilities and services - - - - - Other - - - - - Total - - - - 700 - - - - - - - - - - - - - - - Other - - - - - Total - - - - - Art Lessons 28,687 - - 28,687 41,027 Art Events - - - - - Rental Income - - - - - Other 253 - - 253 6,700 Total 28,940- - 28,94047,727 Interest income - - - - - Dividend income - - - - - Rental and leasing income - - - - - Other - - - - - Total - - - - - - - - - - - - - - - - - - - - - - - - - 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 - - - - - 28,940- -28,940 48,427 Other information: TOTAL INCOME Other: Analysis Donations and legacies: Charitable activities: Other trading activities: Income from investments: Separate material item of income:	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis
	Donations and gifts	-	-	-	-	-
	Gift Aid	-	-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	700
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-	-
	Donated goods, facilities and services	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	700

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Art Lessons	28,687	-	-	28,687	41,027
	Art Events	-	-	-	-	-
	Rental Income	-	-	-	-	-
	Other	253	-	-	253	6,700
	Total	28,940	-	-	28,940	47,727

	Interest income	-	-	-	-	-
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	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	-	-	-	-	-

		28,940	-	-	28,940	48,427

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.

CC17a (Excel)

05/02/2025

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

CC17a (Excel)

05/02/2025

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

This year Last year £ £ Description	This year Last year £ £ Description	This year Last year £ £ Description
COVID Grants	-	-
Bradford Council Grant	-	200
WYPC Grant	-	-
Armed Forces Grant	-	500
Total	-	700

CC17a (Excel)

05/02/2025

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.

CC17a (Excel)

05/02/2025

Section C Notes to the accounts (cont)

Note 6 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	-	-	-	-	-
Investment administration costs	-	-	-	-	-
Intellectual property licencing costs	-	-	-	-	-
Rent collection, property repairs and maintenance charges	-	-	-	-	-
	-	-	-	-	-
Total expenditure on raising funds	-	-	-	-	-

Teaching fees	22,539	-	-	22,539	36,499
Materials	1,533	-	-	1,533	2,825
Direct Expenses	-	-	-	-	796
Administrative Costs	18,223	-	-	18,223	20,490
Total expenditure on charitable activities	42,296	-	-	42,296	60,609

CC17a (Excel)

05/02/2025

COVID-19 Maintenance (VKK)	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total	-	-	-	-	-

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total other expenditure	-	-	-	-	-

	42,296	-	-	42,296	60,609

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		-	42,296	42,296	60,609

Other
Total				42,296	42,296	60,609

Prior year expenditure on charitable activities can be analysed as follows:		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).

Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)		Rent £6,000 (Prior Year £7,200) within Admin Costs. Light, Power & Heating £4,069 (Prior Year £3,172). Accountancy Fees £1,452 (Prior Year £1,509.60).

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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.

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 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



The parts of the charity in which the employees work 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


		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

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
-	-	-	8,047	8,047
-	-	-	-	-
-	-	-	-	-
-	-	-	- 1,409	- 1,409
-	-	-	-	-
-	-	-	6,638	6,638

14.2 Depreciation and impairments

SL or RB	SL or RB	SL or RB	SL	SL or RB

- - - 6,565 6,565 - - - - 1,409 - 1,409 - - - 980 980 - - - - - - - - - - - - 6,137 6,137 - - - 1,482 1,482 - - - 501 501
-	-	-	1,482	1,482
-	-	-	501	501

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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.

The "transfers" row is for movements between fixed asset categories.
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight

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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

Research & development £	Patents and trademarks £	Other £	Total £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

15.2 Amortisation and impairments

SL or RB	SL or RB	SL or RB	SL or 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

(i) Explain the nature and scale of heritage assets held.

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

16.2 Cost or valuation

Heritage asset 1 £	Heritage asset 2 £	Heritage asset 3 £	Heritage asset 4 £	Total £
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

16.3 Depreciation and impairments



- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

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 (Excell 33 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

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)

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 Listed investments Social investments Grand total (Fair value at year end+Cost less impairment) Other investments Total
	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

*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.

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)

Prepayments and accrued income Other debtors Total Trade debtors	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

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 £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
2,707	2,746	-	-
-	-	-	-
-	-	2,729	2,729
2,707	2,177	2,729	2,729

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

The charity no longer has any unrestricted reserves with a negative balance of £3,599 at the end of this financial year.

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

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	1,088	13,502
	.	.
	1,088	13,502

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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.

The charity ceased to trade on 31.08.2024 and final accounts were prepared on 31.01.2025.

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

The charity had creditors of £6,018 representing amount due to accountants £3,289 and trustees £2,729. Funds of £2,418.98 remaining in Bank wil be put towards the accountancy bill.

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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

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

On accounts for the year	31 August 2024	Charity no
ended		(if any)

Set out on pages	1 – 48

	I report to the trustees on my examination of the accounts of the above
	charity (“the Trust”) for the year ended 31/08/2024.
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 [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.

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:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

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.

Please delete the words in the brackets if they do not apply.

|Signed:||Date:|Date:10/03/2024
~~|~~|Date:10/03/2024
~~|~~| |---|---|---|---|---| |Name:|Samantha Louise Trotter||||

Oct 2018

IER

Relevant professional qualification(s) or body (if any):

Address: 11 Charterhouse Road

BRADFORD BD10 8LZ

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 .

Oct 2018

IER

Young Masters Visual Art School Creative Hub

Registered charity 1174558

Report

Young Masters Visual Art School (YMVAS) Creative Hub

Charity Details

Governing Document

Organisation and Charitable Aims

Chair’s Report

Incoming resources (Note 3)

Income and endowments from:

Expenditure on:

~~ee~~ Section B Balance sheet

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

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:

Not applicable

1.3 Change of accounting policy

1.4 Changes to accounting estimates

1.5 Material prior year errors

Section C Notes to the accounts (cont)

Note 2 Accounting policies

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

Note 2 Accounting policies 2.2 INCOME

Note 3 Analysis of income

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Note 5 Donated goods, facilities and services

Note 6 Analysis of expenditure

Other information:

Analysis of expenditure on charitable activities

Note 7 Extraordinary items

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

Note 8 Funds received as agent

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.

Note 9 Support Costs

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

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Section C Notes to the accounts (cont)

11.1 Staff Costs

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

Please complete if an ex-gratia payment is made.

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

Note 13 Grantmaking

13.1 Analysis of grants paid (included in cost of charitable activities)

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

13.2 Grants made to institutions

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

14.2 Depreciation and impairments

14.4 Impairment

14.5 Revaluation

14.6 Other disclosures

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

15.2 Amortisation and impairments

15.4 Accounting policy

15.5 Impairment

15.6 Revaluation

15.7 Other disclosures

16.1 General disclosures for all charities holding heritage assets

16.2 Cost or valuation

16.3 Depreciation and impairments

16.4 Net book value

16.5 Impairment

16.6 Revaluation

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

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

(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

Note 17 Investment assets

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

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.

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

17.5 Guarantees

17.6 Concessionary loans

17.7 Additional information

ee Section B Balance sheet