YOUNG WOMEN'S FILM ACADEMY
REPORT AND FINANCIAL STATEMENTS For the year ended 31 January 2024
Charity Number 1179614
YOUNG WOMEN'S FILM ACADEMY
ANNUAL REPORT AND FINANCIAL STATEMENTS
For the year ended 31 January 2024
| Contents | Page | |
|---|---|---|
| Trustees annual report | 1 to 9 | |
| Independent examiners report | 10 | |
| Statement of Receipts and Payments | 11 | |
| Statement of Assets and Liabilities | 12 | |
| Notes to the financial statements | 13 to | 19 |
Trustees’ Annual Report for the period
From 1 February 2023 to 31 January 2024 Charity name: The Young Women’s Film Academy CIO
Charity registration number: 1179614
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance in life and relieve needs of girls and young women aged 12 to 25 in the North East of England or elsewhere as the trustees determine through: a) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. b) Promoting good mental health c)Advancingeducation and training |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The Young Women’s Film Academy offers a year- round programme of filmmaking and drama related educational activities which promote positive wellbeing and mental health; a fortnightly Saturday Club, an annual Summer School, school holiday workshops, masterclasses and outreach work in schools and youth centres. We also offer an NCFE accredited Level 1 in Film and Media Production. Between 1st February 2023 and 31st January 2024, a total of 539 young people identifying as women or non-binary participated in our programmes, across a total of 60 events and activities. Through these activities we act in the public benefit to: ● Raise awareness of issues that affect young women and non-binary people growing up in the North East of England and create opportunities for them to be heard and take positive action. ● Improve the wellbeing of young women and non-binary people through participation in a free creative film and drama based activities, outside of formal education. ● Provide young women and non-binary people with skills in various aspects of |
1
| filmmaking, nurture creativity and develop talent to advance their educational and vocational futures. ● Address the inequalities and representation of women and non-binary people in the film and media industry. ● Provide local employment opportunities for women and non-binary people to deliver and support our programme. |
||
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | In fulfilling our duties as trustees of the YWFA, we have given consideration to the Charities Commission guidance on public benefit in the ongoing development of our charity and its activities. |
Additional information (optional)
You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | n/a |
| Policy on social investment including program related investment |
Para 1.38 | n/a |
| Contribution made by volunteers |
Para 1.38 | Creating new pathways and development opportunities for the young women and non-binary people we work with over longer periods of time is an important part of our work. Our young volunteer role is adaptable to individuals interests and currently enables around 4 young people to contribute to our programme planning, digital documentation of our activities, online marketing and to also get involved in the recruitment of new staff, ensuring that young people have a voice in the development of our organisation. |
| Other |
2
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The Young Women’s Film Academy is a charity based in Newcastle upon Tyne. Our work supports challenging Child poverty statistics in our region • The North East of England has the second highest low income and deprivation rate after inner London (Bradshaw, J. (2020) Child poverty in the North East Region, A Report for the Child Poverty Strategy Group for the North East.) • In 2021/22, almost 190,000 (35%) babies, children and young people across the North East were living below the poverty line – this is an increase of around 51,000 since 2014/15. • Almost all North East council areas have seen some of the UK’s steepest increases in child poverty since 2014/15, with the very highest child poverty rates by local authority being in Middlesbrough (40.6%), Newcastle (37.9%), South Tyneside, (35.6%), Sunderland (35.4%), Redcar and Cleveland (35.4%) and Hartlepool (35.3%) • In many wards of Newcastle upon Tyne over 30% of children live in poverty. The impact of poverty on young people’s mental health, educational/career aspirations, unemployment and homelessness is palpable in our city. (_North East Child Poverty Commission_2021- 2022) Our beneficiaries are living in increasingly challenging circumstances, and through providing free opportunities to explore creativity and filmmaking in the city centre, outside of formal education, we support disadvantaged young women and non-binary people to develop their potential and create pathways to advance their creative careers. We ensure that the young women and non-binary people that we work with are supported and developed by professional creative practitioners and skilled youth workers with safeguarding qualifications and competency in therapeutic approaches,who can foster a trusting,safe, |
3
| supportive environment. | supportive environment. |
|---|---|
| Our approach is underpinned by evidence | |
| demonstrating that when we engage authentically | |
| with vulnerable children and young people, their | |
| ‘narrative’ or ‘their story’ can be a pivotal way in | |
| which they can safely explore their life, their | |
| personal challenges and reframe their future. | |
| We enable young women and non-binary people | |
| to come together to share their interests and | |
| lived experiences, finding commonality and | |
| connections. They are supported to explore their | |
| creativity in a safe environment, considerate of | |
| the emotional needs of the participants, ensuring | |
| their wellbeing is of primary importance. | |
| Mental Health and young people data that | |
| underpins our work: | |
| • | In 2023, about 1 in 5 children and |
| young people aged 8 to 25 years | |
| had a probable mental disorder. | |
| This was 20.3% of 8 to 16 year olds, | |
| 23.3% of 17 to 19 year olds and | |
| 21.7% of 20 to 25 year olds. | |
| • | Among 8 to 16 year olds, rates of |
| probable mental disorder were | |
| similar for boys and girls,while for | |
| 17 to 25 year olds, rates were twice | |
| as high for young women than | |
| young men. | |
| • | More than 1 in 4 children aged 8 to |
| 16 years (26.8%) with a probable | |
| mental disorderhad a parent who | |
| could not affordfor their child to | |
| take part in activities outside school | |
| or college, compared with 1 in 10 | |
| (10.3%) of those unlikely to have a | |
| mental disorder. | |
| • | 17 to 25 year olds with a probable |
| mental disorder were3 times more | |
| likely to not be able to afford to | |
| take part in activities such as | |
| sports, days out, or socialising with | |
| friends, compared with those | |
| unlikely to have a mental disorder | |
| (26.1% compared with 8.3%). | |
| • | Just over half (54.8%) of young |
| people aged 17 to 25 years reported | |
| being worried about the impact of | |
| climate change. | |
| • | Young women aged 17 to 23 years |
| were less likely to be optimistic | |
| than young men about having | |
| enough money (38.5% compared | |
| with 60.5%) and about their health | |
| (including mental health and | |
| wellbeing) (51.4% compared with | |
| 67.8%). |
4
| • In 2023, eating disorders were |
• In 2023, eating disorders were |
• In 2023, eating disorders were |
|---|---|---|
| identified in 12.5% of 17 to 19 year | ||
| olds,with rates 4 times higher in | ||
| young women(20.8%) than young | ||
| men (5.1%). 2.6% of 11 to 16 year | ||
| olds were identified with eating | ||
| disorders, with rates 4 times higher | ||
| in girls | (4.3%) | than boys (1.0%) and |
| (5.9%) of 20 to 25 year olds, were | ||
| identified with eating disorders with | ||
| no difference | in rates evident | |
| between women and men. | ||
| (Mental Health of Children and Young People | ||
| in England, 2023. NHS | England, Leeds, UK) | |
| The opportunities to | learn industry standard | |
| practice at the | Young Women's Film Academy | |
| create new pathways into the film industry for | ||
| disadvantaged young people of the North-East | ||
| and our growing community is actively working | ||
| to address the | gender and socio-economic | |
| inequalities that exist in the industry. | ||
| The Young Women’s | Film Academy also | |
| undertakes film commissions for the charitable | ||
| and statutory sector that aim to raise awareness | ||
| of issues affecting women and non-binary people, | ||
| whilst also providing | employment opportunities. | |
| Throughout 2023-2024 these are: | ||
| Tyne and Wear Archives and Museums | ||
| Workie Ticket Theatre Company | ||
| The Common Room |
5
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The end of the accounting period at 31/01/2024 shows unrestricted funds of £24,098 and restricted funds of £2,123. This is largely committed to core costs and ongoing projects throughout 2024. It should be noted that core funding of £25k had previously been marked as unrestricted. In 23/24 it was designated by the funder as being for the stated purpose of supporting core work in Newcastle and therefore has been moved to the restricted column. This affects the allocation of income and expenditure but the annual income remains steady. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | We are working towards 3 months of operations and staff costs in reserves. To protect and support staff contracts and operational delivery. |
| Amount of reserves held | Para 1.22 | £26,221 |
| Reasons for holding zero reserves |
Para 1.22 | N/A |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | In the period of 1 February 2023 to 31 January 2024, The Young Women’s Film Academy received grant income through the Community Foundation from Newcastle Cultural Investment Fund, #iwill social action Funding through the Community Foundation, The Barbour Foundation (Curtain Parp, Vital Communities Fund, Wellesley Foundation) Tesco Community Grants |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 |
6
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | CIO Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | (1) Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. (2) In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | All new trustees to the CIO are given a copy of the YWFA constitution, handbook, most recent accounts, annual trustees report and a full set of policies and procedures. |
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 |
7
Reference and Administrative details
| Charity name | The Young Women’s Film Academy CIO |
|---|---|
| Other name the charity uses | YWFA |
| Registered charitynumber | 1179614 |
| Charity’s principal address | Studio 12, Newcastle Arts Centre 67 Westgate Road, Newcastle upon Tyne NE1 1SG |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Sarah Ralph-Lane | ||||
| Lin Gatiss | Treasurer | |||
| Cecilia Stenbom | Chair | |||
| Sarah Lou Murray | Secretary | Left 31.10.2023 | ||
| Nicola Young | Left 31.5.2023 | |||
| Ellie Land | Left 31.5.2023 | |||
| Denise Maria Moura Da Silva Lopes |
Left 31.12.2023 | |||
| Maria Caruana Galizia |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
Additional information (optional) Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
||
| Independent Examiner |
Lilian Hetherington | Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne NE1 4BX |
Name of chief executive or names of senior staff members (Optional information)
Clara Shield Chief Executive Officer
8
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Lin Gatiss Full name(s) Lin Gatiss Position (eg Secretary, Treasurer Chair, etc) Date 28/11/2024
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YOUNG WOMEN'S FILM ACADEMY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
For the year ended 31 January 2024
I report on the financial statements of Young Women's Film Academy for the year ended 31 January 2024, which are set out on pages 11 to 19.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention 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 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.
Lilian Hetherington FCA Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne NE1 4BX
Date: 29 November 2024
10
YOUNG WOMEN'S FILM ACADEMY
STATEMENT OF RECEIPTS AND PAYMENT
For the year ended 31 January 2024
| 5 6 Other trading activities 7 8 Payments on: 9 Net of receipts/payments Transfers between funds Cash carried forward Reconciliation of funds Cash funds brought forward Notes Total receipts Donations and legacies Receipts from: Investments Charitable activities Grants and contracts Operation of the charity Total payments Charitable activities Net of receipts/payments |
Unrestricted Funds £ 755 - 9,400 64 10,219 6,611 6,611 3,608 ( 59 ) 3,549 20,549 24,098 |
Restricted Funds £ - 54,574 - - 54,574 57,841 57,841 ( 3,267 ) 59 ( 3,208 ) 5,331 2,123 |
Total 2024 £ 755 54,574 9,400 64 64,793 64,452 64,452 341 - 341 25,880 26,221 |
Total 2023 £ |
|---|---|---|---|---|
| - 38,295 3,980 26 |
||||
| 42,301 | ||||
| 37,603 | ||||
| 37,603 | ||||
| 4,698 - 4,698 21,208 |
||||
| 25,906 |
The Receipts and Payments Statement includes all gains and losses recognised in the year. All receipts and payments derive from continuing activities
The notes on pages 13 to 19 form an integral part of these financial statements.
11
Charity Number 1179614
YOUNG WOMEN'S FILM ACADEMY
STATEMENT OF ASSETS AND LIABILITIES
As at 31 January 2024
| Cash funds Cash at bank and in hand 14 Assets retained for Charity's own use IT Equipment Liabilities:amounts falling due within one year 15 Notes |
Unrestricted Funds £ 24,098 |
Restricted Funds £ 2,123 |
Total 2024 £ 26,221 - 312 |
Total 2023 £ |
|---|---|---|---|---|
| 25,880 | ||||
| 1,861 | ||||
| - |
The notes on pages 13 to 19 form an integral part of these financial statements.
| Treasurer These financial statements were approved by the Board on: and are signed on its behalf by: Lin Gatiss |
28/11/2024 |
|---|---|
| Lin Gatiss | |
12
YOUNG WOMEN'S FILM ACADEMY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 January 2024
1 Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
2 Basis of accounting
2.1 Basis of preparation
The accounts have been prepared on the receipts and payments basis. An audit is not required by the charity's constitution and has not been requested by the trustees.
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
Young Women's Film Academy meets the definition of a public benefit entity under FRS 102.
2.2 Preparation of the accounts on a going concern basis
The charity reported total unrestricted funds at the year end of £24,098 and has already secured a significant amount of funding for the current year. The trustees are of the view that the immediate future of the charity for the next 12 to 18 months is secure and that on this basis the charity is a going concern.
3 Receipts
3.1 Recognition of receipts
Receipts are recognised when the charity has received the resources, any performance conditions attached to the item(s) of receipt have been met.
3.2 Offsetting
There has been no offsetting of receipts and payments, unless required or permitted by SORP.
3.3 Grants and donations
Receipts from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has received the funds and any performance conditions attached to the grants have been met.
3.4 Volunteer help
The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.
3.5 Interest receivable
Interest on funds held on deposit is included when received.
13
NOTES TO THE FINANCIAL STATEMENTS
YOUNG WOMEN'S FILM ACADEMY
For the year ended 31 January 2024
3.8 Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
4 Expenditure and liabilities
4.1 Liability recognition
Liabilities are recognised when 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.
4.2 Charitable activities
Payments on charitable activities includes the costs of work and other activities undertaken to further the purposes of the charity and their associated support costs.
4.3 Governance and support costs
Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
4.4 Irrecoverable VAT
Irrecoverable VAT is charged as a cost against the activity for which the payment was incurred.
4.5 Liabilities
The charity has liabilities which are measured at settlement amounts less any trade discounts.
4.6 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.
14
YOUNG WOMEN'S FILM ACADEMY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 January 2024
Analysis of receipts
| 5 6 7 8 |
Donations and legacies Charitable activities Income from grants Newcastle Youth Fund Other trading activities Receipts from investments Donations and gifts Services Bank interest #iwill Barbour Trust Curtin Parp High Sheriff Tesco Community Fund Wellesley Trust Quilter Foundation Culture Investment Fund Hadrians Wall Festival Sir James Knott Trust Bernicia Foundation |
Unrestricted Funds £ 755 755 - - - - - - - - - - - - - 9,400 9,400 64 64 |
Restricted Funds £ - - 25,000 10,000 1,000 2,457 750 9,067 500 5,800 - - - - 54,574 - - - - |
Total 2024 £ 755 755 25,000 10,000 1,000 2,457 750 9,067 500 5,800 - - - - 54,574 9,400 9,400 64 64 |
Total 2023 £ |
|---|---|---|---|---|---|
| - | |||||
| - | |||||
| 25,000 - - - 750 3,055 - - 990 1,000 5,000 2,500 |
|||||
| 38,295 | |||||
| 3,980 | |||||
| 3,980 | |||||
| 26 | |||||
| 26 |
Receipts were £64,793 (2023: £42,275) of which £10,219 was unrestricted or designated (2023: £36,480) and £54,574 was restricted (2023: £5,795)
15
YOUNG WOMEN'S FILM ACADEMY
NOTES TO THE FINANCIAL STATEMENTS
| YOUNG WOMEN'S FILM ACADEMY NOTES TO THE FINANCIAL STATEMENTS |
||||
|---|---|---|---|---|
| For the yearended 31January2024 | ||||
| Analysis of payments on charitable activities 9 Charitable activities Direct costs Support costs Governance costs Accreditation Advertising and promotion Legal and professional fees Independent examiner's fees for reporting on the accounts Equipment Rent and room hire Office expenses Insurance Project management Drama and youth workers Freelance production staff Refreshments and activities Resources and materials Grant returned to Newcastle City Council |
Unrestricted Funds £ 1,809 - - 1,368 256 - 2,398 378 62 - - 340 - - 6,611 |
Restricted Funds £ 7,500 26,044 5,844 2,724 3,941 3,930 2,852 591 658 2,000 1,037 720 - - 57,841 |
Total 2024 £ 9,309 26,044 5,844 4,092 4,197 3,930 5,250 969 720 2,000 1,037 1,060 - - 64,452 |
Total 2023 £ |
| 10,077 15,726 78 793 1,533 - 1,790 1,038 689 2,000 1,098 920 1,861 - |
||||
| 37,603 |
Payments on charitable activities were £64,452 (2023: £37,603) of which £6,611 was unrestricted or designated (2023: £34,863) and £57,841 was restricted (2023: £2,740)
10 Fees for examination of the accounts
| There were no other fees paid to the examiner (2023: nil) Independent examiner's fees for reporting on the accounts |
2024 £ 312 312 |
2023 £ |
|---|---|---|
| - | ||
| - | ||
11 Analysis of staff costs and the cost of key management personnel
The key management personnel of the charity, comprise the trustees and the CEO. The total employee benefits of the key management personnel of the charity were £0.
16
YOUNG WOMEN'S FILM ACADEMY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 January 2024
- 12 Transactions with trustees
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.
Trustees' expenses
No trustee expenses have been incurred in the year.
Transaction(s) with related parties
The following detail the related party transactions in the reporting period.
| Name of the trustee or related party Description of the transaction Clara Shield CEO Fees Relationship to charity |
Amount £ |
|---|---|
| 10,209 |
13 Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
14 Cash at bank and in hand
| Cash at bank and in hand Cash in hand 15 Accruals Independent examination of accounts Liabilities (payable within 1 year) |
2024 £ 26,221 - 26,221 2024 £ 312 312 |
2023 £ |
|---|---|---|
| 25,850 30 |
||
| 25,880 | ||
| 2023 £ |
||
| - | ||
| - |
16 Events after the end of the reporting period
No 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.
17
YOUNG WOMEN'S FILM ACADEMY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 January 2024
- 17 Analysis of charitable funds
Analysis of movements in unrestricted funds
For the year ended 31 January 2024
| Unrestricted funds General unrestricted fund Totals |
Fund balances brought forward £ 20,549 20,549 |
Incoming resources £ 10,219 10,219 |
Resources expended £ ( 6,611 ) (6,611) |
Transfers £ ( 59 ) (59) |
Fund balances carried forward £ |
|---|---|---|---|---|---|
| 24,098 | |||||
| 24,098 |
Purpose of unrestricted funds
General unrestricted fund The 'free reserves' of the charity
Analysis of movement in restricted funds For the year ended 31 January 2024
| Restricted funds Culture Investment Fund Newcastle Youth Fund Barbour Trust High Sheriff #iwill Curtin Parp Tesco Community Fund Wellesley Trust Totals |
Fund balances brought forward £ 2,276 3,055 - - - - - - 5,331 |
Incoming resources £ 25,000 9,067 1,000 750 10,000 2,457 500 5,800 54,574 |
Resources expended £ ( 25,153 ) ( 12,122 ) ( 1,000 ) ( 772 ) ( 10,010 ) ( 2,457 ) ( 500 ) ( 5,827 ) (57,841) |
Transfers £ - - - 22 10 - - 27 59 |
Fund balances carried forward £ |
|---|---|---|---|---|---|
| 2,123 - - - - - - - |
|||||
| 2,123 |
Purpose of restricted funds
Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.
Culture Investment Fund Newcastle Youth Fund
Film activities Film activities
Barbour Trust High Sheriff #iwill Curtin Parp Tesco Community Fund Wellesley Trust
To develop talent and skills Travel costs Film activities Club activities Equipment purchase NCFE and accreditation costs
18
YOUNG WOMEN'S FILM ACADEMY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 January 2024
| UNG WOMEN'S FILM ACADEMY ES TO THE FINANCIAL STATEMENTS he yearended 31January2024 |
|
|---|---|
| Transfers between funds Between unrestricted and restricted funds To meet project expenditure Reason for transfer |
Amount £ |
| 59 |
18 Capital commitments
As at 31 January 2024, the charity had no capital commitments (2023 -£nil)
19