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2025-03-31-accounts

YOUNG WOMEN'S FILM ACADEMY

REPORT AND FINANCIAL STATEMENTS For the 14 months ended 31 March 2025

Charity Number 1179614

YOUNG WOMEN'S FILM ACADEMY

ANNUAL REPORT AND FINANCIAL STATEMENTS

For the 14 months ended 31 March 2025

Contents Page
Trustees annual report 1 to 12
Independent examiners report 13
Statement of Receipts and Payments 14
Statement of Assets and Liabilities 15
Notes to the financial statements 16 to 21

Trustees’ Annual Report for the period

From 1 February 2024 To 31 March 2025

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 the 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 creative
related educational activities which promote
positive wellbeing and mental health; a fortnightly
Saturday Club, fortnightly Future Lasses in Film
sessions, an annual Summer Social Action Film
project, school holiday workshops, masterclasses
and outreach work in schools and youth centres.
We also offered training in NCS and our
customised NCFE accredited Level 1 in Film and
Media Production.
Between 1st February 2024 and 31st March 2025,
a total of 950 young people identifying as women
or non-binary participated in our programmes,
across a total of 193 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.

1

●
Provide young women and non-binary
people with skills in various aspects of
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.
In 2024 we launched an alumni network to support
those young women that had moved on from the
YWFA to continue their connection. This resulted in
1 of our previous participants returning to the
YWFA and offering volunteering hours for our
annual social action film providing marketing and
PR support.
We had an active recruitment campaign in
February/March 2024 and recruited 3 volunteers
who we inducted, trained and completed their DBS
safeguarding training to enable active volunteering
across programmes.

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 In 2024 we produced a concise business plan
covering 2024-2027 with clear objectives and
targets. The activity and delivery engagement
element of the plan is underpinned by research
and data on Child Poverty and Mental Health.
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.
These programmes beingFreeis more important
now than ever. A report from the Education Policy
Institution found that disadvantaged pupils in

3

England find it “increasingly difficult” to catch up as
they progress into secondary school. Newcastle and
Sunderland were highlighted as area where the
disadvantage gap was below average gaps at age 11
but above average gaps by the time children get to
16. Additionally, the North East and West Midlands
have round about a third of pupils who have been
eligible for free school meals (Deller, 2024)
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, 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

4

take part in activities such as take part in activities such as 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%).
● 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)
Skills and Talent Development programme
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.

Throughout 2024-2025 we have grown our Future Lasses in Film programme, which is a fortnightly supportive session for young women aged 16+ where they can meet like minded other young women and focus their learning and skills through creative technical workshops. These include masterclasses from industry professionals and the opportunity to attend professional shoots.

In July 2024 we undertook a commission from Into Film which enabled us to introduce a pilot offer for a young woman from Future Lasses to

5

work alongside a professional Mentor from our team and be paid as a trainee. This was hugely successful and the project went on to win a prestigious North East Culture Award ‘Best Education and Culture Partnership’ November 2024. Our Social Action Films ‘Mosaic’, a film that explores identify and belonging and ‘Impact’ a documentary exploring fast fashion were both shortlisted for Smiley Charity Film Awards in March 2024 and March 2025 respectively. Impact was also submitted for film festivals for consideration in 2025. The Young Women’s Film Academy further developed our film commission offer for the charitable and statutory sector. The offer is a reasonable videography service that support the charitable sector whilst also providing employment opportunities. Throughout 20242025 these commissions included: Into Film, Every Child a Film Maker schools film project Tiny Lives Charity Campaign Film TICA conference an training event videography Her Circle funding campaign film WoW Festival event videography

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 We have been consistently achieving our
objectives set in our 2024-2027 business plan
and are ahead of schedule.
Section 5
In the next 3 years 2024-2027 we aim to:
·
Deliver a regular core programme of
informal creative film based activities on
weekends, after school and during school holidays
shaped by the voices of young people
·
Deliver a regular schools programme of
creative film based workshops responding to local
priorities and the national PSHE curriculum
·
Gain recognition as a successful and
accredited film school for women in the North
East building on our customised NCFE
qualification

6

·
Develop screening and festival
programmes with cultural partners
·
Offer real world experiences to visit film
sets and gain experience on film and television
productions
·
Co-write and co-produce a new short film
annually with our participants.
·
Embed the voice of young people in all
decision making, by establishing a steering group
with roles on the board that contribute to the
planning, monitoring and development of the
opportunities on offer
·
Establish a support network for our
steering group and our YWFA Alumnae young
women, with a mechanism to ‘give back’ to the
YWFA’s newer and younger members
·
Develop an accredited technical skills 16+
programme to include boot camp residentials for
our participants, with a focus on our more
difficult to engage communities.
·
Establish a lending library of equipment
that can be loaned to those who have completed
technical skills training, wishing to develop their
own practice or needing support with their own
studies and projects
·
Appoint a forward thinking, dynamic and
dedicated CEO to lead the YWFA towards growth
and sustainability
·
Create a passionate staff team led by the
CEO and supported by a Programmes Manager,
Creative Programme leads, Workshop Facilitators
and Volunteers, to deliver the rich and exciting
digital and film offer for young women as outlined
above
·
Embody a culture that places the young
women and their perspectives at the core of
delivery to promote empowering, inclusivity and
lived experience practice.
·
In the next 3 years develop and deliver an
ambitious marketing strategy where the YWFA is
seen as unique in the field.
(YWFA Strategic Business Plan 2024-2027)
Performance of fundraising
activities against objectives
set		 Para 1.41 N/A
Investment performance
against objectives		 Para 1.41 N/A

7

Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 It should be noted that the charity has moved
to align reporting to the financial year and as
such these accounts represent a 14 month
period which in part explains the rise in
comparable income and expenditure.
Income for the period ended 31 March 2025
was £96,057 (2024: £64,793) of which
£37,057 was unrestricted (2024: £10,219) and
£59,000 was restricted (2024: £54.574).
Expenditure was £93,218 (2024: £64,452) of
which £42,614 was unrestricted (2024: £6,611)
and £50,604 was restricted (2024: £57,841).
The surplus for the period was £2,839 (2024:
£341)
Funds carried forward at 31 March 2025
totalled £29,060 (2024: £26,221) of which
£18,541 was unrestricted (2024: £24,098) and
£10,519 was restricted (2024: £2,123).
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 Unrestricted reserves at 31 March 2025
were £18,451.
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 2024 to 31 March
2025, The Young Women’s Film Academy
received grant income from:
Community Foundation from Newcastle Cultural
Investment Fund, Funding through the
Community Foundation (Curtain Parp, Joyce
Trust Foundation, High Sheriff Award), Garfield
Weston Foundation, Sir James Knott Trust,
Bernicia Foundation and Critical Social
Research.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 N/A
A description of the principal
risksfacing the charity		 Para 1.46 N/A

8

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

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

9

1
2
3
4
5
6
7		 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 Secretary
Lin Gatiss Treasurer
Angela Kennedy Chair
Jenna Allsopp
Jo Cundall
Bridget Deane Appointed 13 May2025
Karin Young Appointed 13 May2025

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

10

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional) Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Clara Shield Chief Executive Officer

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

11

Declarations

Lin Gatiss Signature(s) Full name(s) Lin Gatiss Position Treasurer Date 29 January 2026

12

YOUNG WOMEN'S FILM ACADEMY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the 14 months ended 31 March 2025

I report on the financial statements of Young Women's Film Academy for the 14 months ended 31 March 2025, which are set out on pages 14 to 21.

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:

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:

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 Fellow of the Institute of Chartered Accountants in England and Wales Connected Voice Business Services One Strawberry Lane Newcastle upon Tyne NE1 4BX

Date: 29 January 2026

13

YOUNG WOMEN'S FILM ACADEMY

STATEMENT OF RECEIPTS AND PAYMENT

For the 14 months ended 31 March 2025

5
6
Other trading activities
7
8
Payments on:
9
Net of receipts/payments
Transfers between funds
Operation of the charity
Total payments
Charitable activities
Net of receipts/payments
Total receipts
Donations and legacies
Receipts from:
Investments
Charitable activities
Grants and contracts
Notes
Cash carried forward
Reconciliation of funds
Cash funds brought forward		 Unrestricted
Funds
£
17,169
7,150
12,665
73
37,057
42,614
42,614
( 5,557 )
( 5,557 )
24,098
18,541		 Restricted
Funds
£
-
59,000
-
-
59,000

50,604
50,604
8,396
8,396

2,123
10,519		 Total
2025
£
17,169
66,150
12,665
73
96,057
93,218
93,218
2,839
-
2,839
26,221
29,060		 Total
2024
£
755
54,574
9,400
64
64,793
64,452
64,452
341
-
341
25,880
26,221

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 16 to 21 form an integral part of these financial statements.

14

Charity Number 1179614

YOUNG WOMEN'S FILM ACADEMY

STATEMENT OF ASSETS AND LIABILITIES

As at 31 March 2025

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
£
18,541		 Restricted
Funds
£
10,519		 Total
2025
£
29,059
-
336		 Total
2024
£
26,221
1,861
312

The notes on pages 16 to 21 form an integral part of these financial statements.

These financial statements were approved by the Board on: These financial statements were approved by the Board on: 29 January 2026
and are signed on its behalf by: Lin Gatiss
Treasurer

15

YOUNG WOMEN'S FILM ACADEMY

NOTES TO THE FINANCIAL STATEMENTS

For the 14 months ended 31 March 2025

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 £18,541 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.

16

YOUNG WOMEN'S FILM ACADEMY

NOTES TO THE FINANCIAL STATEMENTS

For the 14 months ended 31 March 2025

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.

4.1 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.

17

YOUNG WOMEN'S FILM ACADEMY

NOTES TO THE FINANCIAL STATEMENTS

For the 14 months ended 31 March 2025

Analysis of receipts

5
6
7
8		 Donations and legacies
Charitable activities
Income from grants
Newcastle Youth Fund
Other trading activities
Receipts from investments
Culture Investment Fund
Garfield Weston
Sir James Knott Trust
Bernicia Foundation
#iwill
Barbour Trust
Curtin Parp
High Sheriff
Tesco Community Fund
Wellesley Trust
Community Foundation Vital Communities
Donations and gifts
Joyce Trust
Critical Social Research
Services
Bank interest		 Unrestricted
Funds
£
17,169
17,169
-
-
-
7,150
-
-
-
-
-
-
-
-
-
-
7,150
12,665
12,665
73
73		 Restricted
Funds
£
-
-
25,000
-
-
2,000
1,000
-
-
-
7,500
3,000
10,000
1,500
4,000
5,000
59,000
-
-
-
-		 Total
2025
£
17,169
17,169
25,000
-
-
9,150
1,000
-
-
-
7,500
3,000
10,000
1,500
4,000
5,000
66,150
12,665
12,665
73
73		 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

Receipts were £96,057 (2024: £64,793) of which £37,057 was unrestricted or designated (2024: £10,219) and £59,000 was restricted (2024: £54,574)

18

YOUNG WOMEN'S FILM ACADEMY

NOTES TO THE FINANCIAL STATEMENTS

For the 14 months ended 31 March 2025

Analysis of payments on charitable activities

9 Charitable activities
Direct costs
Support costs
Governance costs
Rent and room hire
Office expenses
Insurance
Refreshments and activities
Resources and materials
Grant returned to Newcastle City Council
Accreditation
Advertising and promotion
Legal and professional fees
Independent examiner's fees for reporting on
the accounts
Equipment
Project management
Drama and youth workers
Freelance production staff		 Unrestricted
Funds
£
21,126
3,240
680
60
2,666
-
4,924
4,751
680
-
1,125
840
2,210
312
42,614		 Restricted
Funds
£
142
30,234
10,914
1,008
786
-
1,139
3,416
443
2,272
250
-
-
-
50,604		 Total
2025
£
21,268
33,474
11,594
1,068
3,452
-
6,063
8,167
1,123
2,272
1,375
840
2,210
312
93,218
 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

Payments on charitable activities were £93,218 (2024: £64,452) of which £42,614 was unrestricted or designated (2024: £6,611) and £50,604 was restricted (2024: £57,841)

10 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts
There were no other fees paid to the examiner (2024: nil)		 2025
£
336
336		 2024
£
312
312

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.

19

YOUNG WOMEN'S FILM ACADEMY

NOTES TO THE FINANCIAL STATEMENTS

For the 14 months ended 31 March 2025

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
£
21,066

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
15
Liabilities (payable within 1 year)
Independent examination of accounts
Accruals		 2025
£
29,059
29,059
2025
£
336
336		 2024
£
26,221
26,221
2024
£
312
312

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.

20

YOUNG WOMEN'S FILM ACADEMY

NOTES TO THE FINANCIAL STATEMENTS

For the 14 months ended 31 March 2025

Analysis of movements in unrestricted funds For the 14 months ended 31 March 2025

Unrestricted funds
General unrestricted fund
Totals
Purpose of unrestricted funds
General unrestricted fund		 Fund
balances
brought
Incoming
Resources
forward
resources
expended
£
£
£
24,098
37,057

( 42,614 )
24,098
37,057
( 42,614 )
The 'free reserves' of the charity		 Transfers
£
-
-		 Fund
balances
carried
forward
£
18,541
18,541

Analysis of movement in restricted funds For the 14 months ended 31 March 2025

Restricted funds
Culture Investment Fund
Curtin Parp
High Sheriff
Garfield Weston
Sir James Knott Trust
Bernicia Foundation
Community Foundation Vital
Communities Fund
Joyce Trust
Critical Social Research
Totals		 Fund
balances
brought
forward
£
2,123
-
-
-
-
-
-
-
-
2,123		 Incoming
resources
£
25,000

2,000
1,000
7,500
3,000
10,000
1,500
4,000
5,000
59,000		 Resources
expended
£
( 27,123 )
( 2,000 )

( 481 )
( 7,500 )
( 3,000 )
-
( 1,500 )
( 4,000 )
( 5,000 )

( 50,604 )
 Transfers
£
-
-
-
-
-
-
-
-
-
-		 Fund
balances
carried
forward
£
-
-
519
-
-
10,000

-
-
-
10,519

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 Core operational costs Curtin Parp Social Action Film costs High Sheriff Community Engagement Programme - Saturday Club Garfield Weston Core operational costs Sir James Knott Trust Community Engagement Programme - Saturday Club Bernicia Foundation Talent and Skills Programme - Future Lasses Community Foundation Vital Core operational costs Communities Fund Joyce Trust Talent and Skills and Community Engagement Programmes Critical Social Research Social Action Film costs

Capital commitments

As at 31 March 2025, the charity had no capital commitments (2024 - £nil)

18

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