## **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
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|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
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 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
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## **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)
05/02/2025
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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**
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.
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.
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.|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**
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.
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.
**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**||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.
|**Heritage assets**
**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.
**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.
**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.
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
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.|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
13
**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
14
## **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|
||WYPC Grant|-|-|
||Armed Forces Grant|-|500|
||**Total**|-|700|
|||||
|||||
|||||
|||||
CC17a (Excel)
05/02/2025
15
**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
16
**Section C Notes to the accounts (cont)**
## **Note 6 Analysis of expenditure**
|**Expenditure on**
**charitable**
**activities**
**Expenditure on**
**raising funds:**|**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
17
|**TOTAL EXPENDITURE**
**Total other expenditure**
**Other**
**Total**
**Separate material**
**item of expense**
COVID-19 Maintenance (VKK)|
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).|||||
CC17a (Excel)
05/02/2025
18
**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**|-|-|
CC17a (Excel)
05/02/2025
19
**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**|-|-|
CC17a (Excel)
05/02/2025
20
**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.**_
CC17a (Excel)
05/02/2025
21
**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|
CC17a (Excel)
05/02/2025
22
## **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)**
CC17a (Excel)
05/02/2025
23
## _**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**
CC17a (Excel)
05/02/2025
24
**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**
CC17a (Excel)
05/02/2025
25
**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_**||**-**|
|||-|
|||-|
CC17a (Excel)
05/02/2025
26
**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|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|- 1,409|- 1,409|
||-|-|-|-|-|
||-|-|-|6,638|6,638|
## **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")|
|---|---|---|---|---|---|---|
||||||||
||- - - 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||
CC17a (Excel)
05/02/2025
27
## **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_
CC17a (Excel)
05/02/2025
28
## **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")|
|---|---|---|---|---|---|
|||||||
||- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -|||||
||-|-|-|-||
||-|-|-|-||
CC17a (Excel)
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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**
|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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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**
**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**
|**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure significant_**
**_information_ ).**
**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 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**|**_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)**
|**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**
|**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**
**£**|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||2,707|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**|1174558|
|---|---|---|---|
|**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||||
1
**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** .
2
**Oct 2018**
**IER**