ou Charity number 1181088 Annual report and financial statements For the period 1st April 2024- 31st March 2025 Young Identity Referen￿ and administrative infonnation for the year ended 31 March 2025 Charity number 1181088 Registered office and operational address 7 Brooks Road Old Trafford Manchester M16 9GG Legal name: Wordsmith Awards Trading as Young Identity Trustees who served during the year and up to the date of this report were as follows: Jonah Eade {Completed term as Chair of Trustees- 6 November 2025) Adeola Adelakun Dr (Mary) Elisabeth Cordingley (Interim Chair, then Chair from 7 November 2025) Ekua Bayunu Emma Louise Mould Jonathan Vincent McGrath (Resigned 21 Nov 2024) Lucy Kathleen Jackson Muhammad Fazeel Babur Nasima Begum Rosie Stuart (Completed tenn as Trustee- 17 July 2025) Sylvia Lee Tolulola Agbelusi Udokanma Onwudike Emma Ford (from 17 July 2025) Key Management Jonah Earle Personnel Lis Cordingley Shirfey May Nicole May Chair of Trustees (to 6 November 2025) Chair of Trustees (from 7 November 2025) CEO & Artistic Director Execulive Director Bankers National Westminster Bank 438 Barlow Moor Road Chorlton-Cum-Hardy M21 ONN Independent examiner Slade & Cooper Limited Beehive Mill Jersey Street Ancoats Manchester M4 6JG Young Identity Trustees, annual report for the year ended 31 March 2025 The trustees present their report and the audited financial slatements for the year ended 31st March 2025. Reference and administrative information on page 1 fomi part of this report. The financial statements comply with current statutory requirements, the charity's constitution and the Sialement of Recommended Practice - Accounting and Reporting by Charities.. SORP applicable to charities preparing their accounts in accordance with FRS 102. Objectives and activities The trustees review the charity's aims. objectives and activities each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims. objectives and activities remain focused on its stated purposes. The trustees confirm that throughout the planning and implementation of these activities, they have complied with their duty in section 4 of the Charities Act 2006 to have due regard to the public benefil guidance published by the Charity Commission in determining the activities undertaken by the charity. CHARITABLE PURPOSE Young Identity's objectives, as set out in its constitution. are to- 1. To advance the education of young people, in the study and appreciation of the arts, in particular poetry and literature, including but nol exclusively, by organising workshops, perfomiances and other educational programmes as detennined by the trustees. 2. To act as a resource for young people up to the age of 30 living in Manchesler by organising poetry workshops and events as a means of" (a) Advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals. (b) Providing recreational and leisure time aclivity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons. Young Identity Trustees, annual report for the year ended 31 March 2025 VISION & MISSION Young Identity s vision is of a world in which every young person is equipped with creativity. confidence and self*xpression gained through literature, the practice of poetry and perf0mlan￿. Our mission is to nurture, develop and champion the voices and creativity of underrepresented young people through literature, writing and performan￿,. by giving young people the skills and the platfomis to speak out, telling their original stories, sharing their na￿atIVeS with others and diversifying the arts sector. Young Identity's voice cuts through the noise: We are unique, different and stand out. We believe in the transformative power of the arts in young people's lives. We develop literacy, critical thinking and active citizenship for young people through experimenting with literature and combined arts. We create a distinctive range of high-quality creative opportunities. writing and performance workshops, events and participatory work that supports young people from all backgrounds to progress creatively and realise their ambitions. Developing core skills that help young people be more employable. socially included. resilient and enterprising. becoming the writers. perfomiance artists and theatre-makers of tomorrow. Our ambition is to impact and inspire the artistic and cultural landscape of the North- West of England and further afield nationally and internationally. ACTIVITIES Young Identity delivers its mission through three core strands: Community, Development and Productions. These strands empower young people through a youth- led, community-focused and partnership-driven approach. ensuring every activity is high-impact, inclusive and transformative. Community We widen access to the arts through workshops. showcases and wellbeing sessions in schools and community settings. Partnering with education providers, youth services and specialist organisations, we reach young people who might otherwise miss creative opportunities while fostering intergenerational dialogue and personal growth. Young Identity Trustees, annual report for the year ended 31 March 2025 Development We nurture emerging artists to build sustainable creative careers. Specialist workshops, creating pathways training programme. mentoring and paid commissions equipping young people with skills, experience and funding opportunities to progress professionally and creatively. Productions We platform young talent on local, national and inlemational stsges. Through our flagship poetry slam One Mic Stand, our publishing imprint No Disclaimers and collaborations with cultural organisations, we showcase creativity while expanding opportunities, visibility and professional credibilty. Together, these strands enable Young Identity to engage, inspire and empower young people, ensuring their voices are ￿lebrated and their creative potential realised. We achieve our mission through the following activities: Running projects with underrepresented groups: We actively work with communities that are often marginalised or under-represented. inspiring them to get involved in writing and perfomiance. By doing so. we strive to make literature and the arts more inclusive of society in the UK. Training the next generation of writers.. We are passionate about nurturing and developing young writers. both on the page and on the stage. Through our training programs, we equip them with the necessary skills and provide them with opportunities to showcase their work. Diversifying the creative arts sector: In order to foster a more diverse and inclusive creative arts sector, we focus on developing future producers, finance managers, and events coordinators from underrepresented communities. We provide training and support to help them succeed in their chosen fields. Producing dynamic and provocative poetry productions: We create and produce professional poetry productions, events, projects, and educalional materials. Through these initiatives, we aim to stimulate critical thinking, Young Identity Trustees, annual report for the year ended 31 March 2025 provoke discussions, and support educational institutions in their teaching of literature and combined arts. Nurturing new artists: We are committed to nurturing emerging artists and providing them with guidance and support. We facilitate individual and group artistic practice. developing progression pathways and offering initiatives and opportunities for their growth. We also assist artists in starting their own companies or collectives, empowering them to navigate the local, national, and intemational cultural sectors. Increasing accessibility to the arts: We actively work towards expanding access to the arts by reaching out to new and diverse audiences. Our aim is to break down barriers and ensure that everyone has the opportunity to engage with and enjoy artistic experiences. Through these activities. we strive to make a long-lasting impact on the artistic and cultural landscape, championing inclusivity, diversity, and creativity. Achievements and perfom)ance The charity's principal activities are set out below. All charitable activities are carried out in furtherance of Young Identity's charitable purposes and for the public benefit. Young Identity supports young people who are predominantly from ethnically diverse, LGBTQ+ and working-class backgrounds. Currently, 520/0 of participants are from ethnically diverse backgrounds. 43 % identify as disabled; 54°/0 as neurodivergent; 49 % as LGBTQ+' and 55 /0 live in areas ranked within the most deprived 30 % nationally. The charity has over 600 active members and engages hundreds of young people annually. Our award-winning work is recognised both nationally and intemationally. Over the past 12 months: Young Identity has continued to demonstrate strong demand for its work. The charity supported 603 active members, delivered over 200 workshops, facilitated more than 1,000 young people visits, and enabled over 50 young people to progress through struCtu￿d development and progression pathways. In addilion, Young Identity reached audiences of over 20,000 people annually through its public programmes and events. Young Identity Trustees, annual report for the year ended 31 March 2025 Particular highlights include: 1. Voice.Sealed.Shut (Poetic Theatre Production) The development of Voice.Sealed.Shut, along with the wider poetic production strand, represented a significant artistic milestone for Young Identity. The project brought together a new cohort of emerging tK)ets and perfomers who took part in a (x)mplete creative joumey. This included script development, devising, rehearsal. ensemble building and public performance. The work drew on Young Identity's long-standing practice of nurturing young vol￿$ through poetry. performance and mentorship and it aligned with the organisation's mission to provide high-quality artistic opportunities for young people across Greater Manchester. Voice.Sealed.Shut explored themes that resonated strongly with participants and audiences. These included ambition, apathy, emotional resilience and the lived eXperIen￿S of students who are negotiating their futures within challenging social and educational landscapes. The creative approach encouraged young people to examine their personal narratives and to transform these reflections into a poetic thealrical piece. The depth of the writing and the honesty of the perfomiances were praised by audien members, partners and the wider Young Identity community. For many of the young poets involved. this was the first time they had the opportunity to perform a poetic theatrical piece in a professional theatre space. Z- Arts generously provided the venue as part of its commitment to supporting the creative development of young writers. This partnership with Young Identity made it possible for the group to rehearse, refine and present the work in an environment that valued youth-led creativity and artistic ambition. Participant feedback reflected a strong sense of confidence gained through the process. Many reported that the project helped them to grow as writers, perfomiers and collaborators. The production also contributed to Young Identity's broader programme of artistic development, showcasing the tslent within the organisation and strengthening pathways into professional creative practice. Voice.Sealed.Shut demonstrated the power of poetry to connect communities, to reflect young people's realities with integrity and to offer a platform where new voices can emerge with clarity and purpose. One Mic Stand One Mic Stand continued to be one of Manchester's most influential platforms for youth spoken word. offering a welcoming space where emerging artists. alumni and professional wets come together to perfomi, learn and build community. The series has Young Identity Trustees, annual report for the year ended 31 March 2025 become a cornerstone of Young Identity's artistic identity, reflecting our commitment to nurturing new voices and ￿lebrating the diversity of contemporary poetry. A significant highlight of the year was the special edition of One Mic Stsnd delivered in London at Tara Theatre. This event was part of our expanding national reach and demonstrated the growing reputation of Young Identity within the wider literary landscape. Young people from Manchester shared the stage with London-based poets, alumni who have progressed into professional creative practice, and established spoken word artists who recognised the importance of platforms that champion youth-led expression. The atmosphere reflected the spirit of One Mic Stand. which centres authenticity. creative freedom and intergenerational exchange. The partnership with the Forward Prizes Youth Summit further elevated the work. Young Identity collaborated closely with Forward Arts Foundalion to engage young writers in workshops, masterclasses and perfomiance opportunities. A key moment of pride was the Youth Summit Slam, which was won by a Young Identity member. This achievement highlighted the quality of our development programmes and affimied the organisation's leadership in cultivating original voices who can compete and excel on national stages. Participants described the summit as inspiring. encouraging and transformative, with many recognising it as an important stepping stone in their creative journeys. Across the year Young Identity continued to produce four One Mic Stand events, with one designed as a national or intemational night that connects our community with wider networks of poets and cultural partners. These events showcase the vibrancy of Manchester's spoken word scene and create opportunities for collaboration, artistic growth and visibility for young people who may not othe￿iSe access professional platfom)s. One Mic Stand remains a vital part of Young Identity's mission. It strengthens confidence, develops perfomiance skills, builds audien￿ engagement and affirms the power of the spoken word to bring people together. The growth of the plafform, both locally and nationally, demonstrates the lasting impact of sustained investment in youth creativity. 2. Creating Connections Hubs: Deepened Quality and Artistic Growth Creative Connections continued to play an important role in Young Identity's mission to widen access to high-quality creative opporbjnities for young people. Over the past twelve months. the programme has delivered a series of creative writing and performance workshops in Central Library (AIU), HOME, OT Creative Space. Young Identity Trustees, annual report for the year ended 31 March 2025 Additionally, Ihrough our partnership with Respect and Dignity Arts, we support the delivery of creative workshops for young people in Nelson. These Creative writing and perfom)ance hubs have created o)nsistent points of engagement that supported young people who might not otherwise encounter poetry or spoken word. Since the COVID-19 pandemic, we have recognised a significant change in the nature of arts participation and in the ways young people engage with the cultural sector. Although attendance dipped slightly during some temis. the smaller group sizes allowed facilitators to concentrate more fully on individual development. This created an environment where thoughtful critique, attentive mentoring and close reading of original work could flourish. Each hub followed a twelve-week structure that enabled facilitators to guide participants through a well-paced creative curriculum. Workshops explored writing techniques, performance skills, storytelling. emotional expression and critical reflection. Young people were encouraged to draw from their lived experience and to use poetry as a space for personal growth. As a result, the writing prodU￿d within the programme became increasingly refined, and there was a noticeable strengthening of artistic quality across all hubs. Creative Connections also provided important pathways into the wider Young Identity ecosystem. Participants were signposted to opportunities such as One Mic Stand. editorial projects. commissions. festj'vals and the Young Producers Group. Several young people progressed from their hub into further development programmes, demonstrating the value of sustained engagement and consistent mentorship. Facilitators reported increased confidence among participants, greater willingness to take creative risks and stronger bonds within the groups. The programme contributed to Young Identity's broader commitment to community- rooted artistic practice. It created safe spa￿S for dialogue, encouraged peer support and fostered a sense of belonging. Creative Connections remains a key strand of our work, offering young people the chance to build skills. develop their craft and grow as writers and perfomiers within a supportive ne￿Ork of artists, facilitators and partners. 3. Creating Wordsmiths: Young Identity's Schools Programme Young Identity's schools work continued to grow in depth and impact over the past twelve months, with significant outcomes for young people participating in the Creative Wordsmiths Programme. This programme remained central to the charity's schools delivery. providing high-quality poetry and spoken word workshops that supported Young Identity Trustees, annual report for the year ended 31 March 2025 students to develop confidence, imagination and critical thinking. Engagement extended across a range of partner schools including.. William Hulme's Grammar School, Altrincham Grammar School, Trinity Church of England School, St Paul's and Moorlands Junior School. Each school received a tailored programme designed lo meet the specific needs of its students. delivered through assemblies, classroom workshops and extended creative projects. Workshops encouraged young people to explore identity, climate change, equality, heritage and personal storytelling. Facilitators created safe and supportive spaces in which students were encouraged to reflect on their lived experiences and articulate their ideas with clarity and creative confidence. This approach reflects Young Identity's long- standing ethos of nurturing young writers through active listening, high-quality teaching and thoughtful mentorship. Teachers consistently reported positive impacts on literacy confidence, presentation skills and emotional expression. particularly among students who had previously struggled to find a voice within traditional classroom settings. A range of skilled facilitators contributed to this strand of delivery. Poets from Young Identity s progression palhways played an important role in leading sessions and modelling professional creative practice for students. They were supported by members of the core staff team and guest freelance poets who brought a wide range of styles and artistic perspectives into schools. This combination of early-career artists and eXperIen￿d practitioners enriched the leaming environment and demonstrated clear progression routes for young people wishing to continue their writing beyond the classroom. Alongside classroom-based activity Young Identity delivered performances. assemblies and ￿lebratiOn events that enabled students to share their work with peers, parents and wider school communities. These events reinforced confidence building and demonstrated the transformative power of spoken word when young people take ownership of the stage and speak with authenticity. Partnerships with schools also extended to CPD training for teachers seeking to integrate creative writing more confidently into Iheir teaching practice. Overall, the Schools and Creative Wordsmiths Programme has become a vital route for widening access to the arts and strengthening the creative lives of young people across Greater Manchester and East Lancashire. Through consistent delivery high-quality facilitation and strong relationships with schools. this strand continues to inspire young writers and support the development of the next generation of confident communicators. Young Identity Trustees, annual report for the year ended 31 March 2025 4. Creating Exchange: Intemational c￿atIve Exchanges Creating Exchange is Young Identity's intemational programme, which supports artists to develop their practi￿ through meaningful exchange with practitioners and artists from around the world. During 2024 - April 2025 Young Identty strengthened its intemational footprint through a series of high quality artistic exchanges, perf0mlan￿S and partnerships. These activities formed part of our Creative Exchange and International Programme strands, which aim to broaden opportunities for young artists, deepen cultural understanding and build creative networks across borders. These activities sit within Young Identity's wider internalional programme which has a long history of producing globally minded artists who have perfomied and collaborated in locations such as Bedin, Amsterdam, New York and Rotterdam. The work is guided by a belief that creative exchange supports artistic eX￿llence. encourages personal growth and builds cultural bridges that enrich both local and intemational communities. Our vibrant programme of actiwty included representatives of One Mic Stand travelling to Berlin and Rotterdam to share work, collaborate with local partners and present performances influenced by Manchesterfs spoken word culture. These events placed young poets in dialogue with international artists and communities, encouraging cultural exchange. shared learning and inspiration. They also provided an important opportunity for emerging writers to showcase their talent in established European arts spaces and to build relationships that strengthen our long-term intemational (x)nnections. Across the year, the impact of this strand has been clear. Young people gained confidence through travel and cultural exchange, partners recognised the professionalism and talent of our artists and aUdIen￿S responded with enthusiasm to performances that reflect contemporary lived experience. The programme has shown that youth-driven poetry and perfomiance can move with ease across countries and cultures. It has also demonstrated the value of sustained investment in opportunities that allow young people to leam. collaborate and create within a global context. Young Identity enters the next year with strong intemational relationships and a growing reputation as a cultural organisalion that supports young people to speak boldly on both national and world stages. 10 Young Identity Trustees, annual report for the year ended 31 March 2025 5. Rhymes and Bars: EP, Workshops and Industry Showcase Rhymes and Bars, delivered in partnership with Youth Music and KYSO, became one of Young Identity's most ambitious cross-artfom) programmes of the year. The project supported young people to explore the meeting point be￿een poetry, lyricism and music production. It offered a structured pathway into songwriting. vocal development, live performance and digital skills. Sessions were delivered by a blend of Young Identity facilitators, visiting producers and early career artists who guided participanls through the process of shaping original work for recording and perf0mlan￿. The programme opened space for young creatives who wished to deepen their artistic practice beyond the written page. Participants learned about studio etiquette, beat making, collaborative writing. mic technique and the creative use of digital audio tools. They also gained confidence in navigating professional music environments. Many of the young people involved described the project as transformative, noting thal it provided Spa￿ to express identity and emotion in ways they had not previously experIen￿d. Despite early logistical challenges, the project conduded with signtficant success. Young people recorded original tracks that reflected their vol￿S and eXperien￿S. A public EP listening session allowed them to present this work to peers and industry guests. This was paired with an industry insight panel where music professionals shared guidance on career development, networking, creative resilience and entry routes into the sector. The event created an important bridge between youth creativity and real-wortd industry knowledge. The final showcase became a major highlight of the year. attracting an audience of more than 70 young people along with parents, community members and partners. The atmosphere reflected the pride and energy of the group as they performed new work shaped through the project. The Suc￿sS of the event also demonstrated the value of Youth Music's support and the Importan￿ of creating accessible routes into music for young people who may face barriers to parlicipation. Rhymes and Bars strengthened Young Identity's commitment to cross-disciplinary artistic growth. The project produced high-quality creative outcomes, encouraged a new generation of performers and established a foundation for future music-based collaboration across Greater Manchester. It also highlighted the importance of partnership, with KYSO playing a (£ntral role in ensuring that young people had the tools, skills and encouragement needed to explore music and spoken word with confidence and purpose. Young Identity Trustees, annual report for the year ended 31 March 2025 Special thanks Special thanks to our funders: Arts Council England, National Lottery Reaching Communities Fund, Youth Music, Paul Hamlyn Foundation, Garfield Weston, The Goethe Institute (Cultural Bridge programme), L&Q Foundation. and commissioning partners (including Hyndburn Borough Council and Lancashire County Council in support of Respect & Dignity) and individual donations. Financial review Throughout the financial year. Young Identity's financial team has diligently monitored and managed our resources. ensuring our stability. Our focus is on optimising operational efficiency, identifying new revenue streams, and making necessary adjustments to our expenditures to enhance our overall financial stability. We continuously assess our finances to prioritise initiatives that will foster long-term sustainability. Our commitment to financial discipline remains unwavering, and we proactively make adjustments lo ensure a robust financial foundation for the future. Financial Overview Year-End Financial OveNiew 1. Introduction The financial year remained stable. with income and expenditure closely aligned to projections. Our mixed revenue model, combining eamed income and grants continued to effectively support our operations. No significant variances arose, and overall we stayed on track with regards to income and expenditure throughout the year. 2. Revenue Overview Total income for the year was £460,616. Revenue is derived by eamed income and grants, with 940/0 derived from grant funding and 60/0 from earned income. Earned Income: Our eamed income remained consistent, contributing £29,317. This included revenue from commissions. book sales, donations & bank interest. We met our targets for these revenue streams, and performance was steady across the year. Grants: Grant funding for the year totalled £431,299. We successfully secured funding from Arts Council England (NPO), National Lottery (Reaching Communities). The National Foundation for Youth Music 12 Young Identity Trustees, annual report for the year ended 31 March 2025 (Trailblazer Fund), The Goethe Inslitute (Culiural Bridge programme) and the Paul Hamlyn Foundation (Arts Fund). These funds were directed towards our programme (xjsts. operational o)sts and additional project work, ￿)ntributing to the stability and growth of our operations. 3. Expenditure Overview Total expenditure for the year was £348,218. The budgeted costs were closely followed. with no unexpected major outlays. Operational Costs.. Operational expenditures accounted for £265,586. This included operational expenses, such as salaries, office costs, programme delivery. These costs were in line with expectalions and contribuled to the smooth functioning of day-to-day activities. Programme and Project Costs: Programme-related spending made up £82,632. We successfully kept costs within the planned budget, ensuring that projects were delivered efficiently. 4. Financial Performance and Stability Throughout the year, our financial performance remained stable. We suc￿SsfUllY balanced income and expenditure, with no unexpected fluctuations. The reSe￿e position remains strong, and we are well- positioned to continue our operations without concem for liquidity or cash flow challenges. SurpluslDeficit'. The overall financial result for the year was a surplus, which reflects our careful management of resources. This result takes into account the recognition of income, excluding deferred income, which will be recognised in the coming periods Cash Flow and Liquidity: Our cash flow wsition remains healthy and will support ongoing and upcoming activities. We have maintained adequate reserves to ensure that we can meet both our short-temi obligations and long- term goals. 5. Conclusion In summary. this has been a year of financial stability, with income and expenditure tracking as expected. We successfully managed our mixed revenue model of earned income and grants, ensuring that our financial position remained strong and sustainable. We look forward to building on this foundation in the coming year. 13 Young Identity Trustees, annual report for the year ended 31 March 2025 Acknowledgements and Advancements Our heartfelt gratitude goes out to our funders, customers and contributors for their unwavering support and commitment during this challenging period. We recognise the hurdles the arts sector faces and the UK as a whole and are confident in our collective ability to overcome them and emerge stronger. As we approach the new financial year, our focus will be on implementirlg prudent financial practices, exploring new revenue opportunities. and strategically managing our expenses to restore and enhance our financial health. Our commitment to excellence, innovation, and financial pruden￿ will remain steadfast as we strive for continued success. Reserves olic and risk mana ement The trustees review the level of reseNes that is prudent for Wordsmith Awards to have when agreeing to the annual budget. Consideration is given lo the future strategy, potential redundancy liabilities, and any other significant factors that should be taken into account if the charity were to wind up or move to new premises. The Truslees review the charity's reserves policy annually and have agreed Ihat the minimum provision required for winding down is £52,944. The remaining unrestricted reserves are to support ongoing core activities and projects. Our Commitment to Growth and Im act As a leading literature and perfomiance organisation, Young Identity is dedicated to improving the quality and reach of our work while addressing contemporary trends in creativity. well-being, and inclusivity. Our plans for the next year reflect this commitment. Expanding AGGess to Creativity We aim to increase participation among young people from protected characteristics and lower socio-economic groups in Creating Connections, our weekly community creative writing and performance workshops. These workshops are designed to nurture creativity. self-expression. and a sense of belonging. Pathways to Arts Careers We remain committed to helping young people from diverse backgrounds progress inlo careers in the arts through our Creating Pathways programme. By offering practical support, mentoring and opportunities, we aim to equip young creatives with the skills and connections they need to succeed professionally. 14 Young Identity Trustees, annual report for the year ended 31 March 2025 Publishing Diverse Voices Through the continued development of No Disdaimer Press, Young Identity will strengthen the representation of diverse young artists within poetry publishing. The charity also aims to expand distribution beyond online sales by developing relationships with national and independent book retailers including Waterstones Blackwell's and specialist outlets. This will enable publications to be more widely ac￿Ssible within Young Adult and Poetry sections. This approach responds to the growing popularity of poetry among 16 to 25-year-olds and ensures that Young Identity's work reaches broader and more diverse audiences. Inspiring Schools Through Poetry We plan to develop our Creating Wordsmiths schools programme, providing students with greater access to poetry and performance in educational settings. By embedding creative writing and spoken word into the curriculum, we aim to inspire confidence, self- expression, and a lifelong appreciation for literature. Strengthening Financial Sustainability We will continue to focus on securing additional grant funding and increasing earned income to ensure the organisation's long-temi financial health and sustainability. Structure overnance and mana ement Young Identity is a charitable incorporated organisation administered by eleven trustees and govemed by its constitution dated 27th November 2018. It was registered with the Charity Commission on 10th December 2018. All trustees are appointed by a vote by the trustees for a minimum term of three years. Trustees are permitted to be reappointed for a maximum of ￿0 temis (six years). The minimum number of Irustees permitted under the constitution is three. and there is no maximum. The trustees are charity members- nonett)eless, this entitles them only to voting rights. The trustees have no beneficial interest in the charity. All trustees give their time voluntarily in their capacity as trustees and receive no benefits for this role. Certain trustees received payments for services provided to the charity outside of their trustee duties. These payments are disclosed, along with any expenses reclaimed from the charity, in note 8 to the accounts. The trustees of Young Identity perfom the usual duties of tnjstees, including appointing and managing the Artistic Director and Executive Director, setting the strategy. and ensuring compliance with financial and other obligations. 15 Young Identity Trustees, annual report for the year ended 31 March 2025 During the 2024125 financial year, day-to-day management of the organisation was delegated to the artistic director and executive director, who were responsible for ensuring the charity operations are managed efficiently. The Artistic Director, Executive Director and trustees are responsible for. Setting strategic direction in order to fulfil goals agreed upon. Employing staff, setting remuneration, and related HR matters. Setting and oversight budgets. Remuneration olic for ke mana ement ersonnel artici ants and freelancers The trustees set the remuneration for the Arlistic Director & Executive Director in discussion at a full board meeting and review annually. Risk Mana ement The board of trustees and key management personnel maintain a robust and active approach to risk management. Risk management is embedded within Young Identity's operational and govemance framework and supports the organisation's ability to deliver its charitable objectives responsibly and sustainably. The organisation's risk register is reviewed on a quartedy basis to ensure that it remains current, relevant and responsive to both intemal and extemal factors. These reviews take place as part of scheduled board meetings. where risk management is a standing agenda item. The board considers emerging risks, reviews existing controls and agrees on actions to mitigate potential impacts on delivery, governance, finance and safeguarding. In assessing risk, Young Identity takes into account its appetite for different fomis of risk. This includes balancing financial pnJden￿ with the creative and artistic risks inherent in supporting young people to develop new work, test ideas and take part in public-facing activity. This considered approach enables informed decision-making, supporting innovation while maintaining appropriate safeguards. Young Identity's risk management practice reflects its commitment to providing a safe. inclusive and resilient environment for young people, staff, freelancers and audiences. Through regular review and adaptation of its risk management processes, the organisation seeks to anticipate challenges, respond 16 Young Identity Trustees, annual report for the year ended 31 March 2025 effectively to change and continue to fuffil its mission within the lilerature and arts sector. Key Risks and Mitigation Measures Risk Assessment Period: April 2024 to March 2025 Cost of Living Pressures and Changes in Engagement During the reporting period, the ongoing cost-of-living pressures continued to affect both participant engagement and audien￿ behaviour. An increasing number of young people involved in Young Identity's programmes are balancing paid employment alongside education and caring responsibilities. This has resulted in less predictable attendance pattems and the need for greater flexibility in programme delivery. Audience engagement has also shifted. with a noticeable increase in late or last-minute booking for events. This reflects wider sector trends and ongoing finanaal uncertainty for aUdien￿S, impacting advance planning and income forecasting. Miligation and Management Actions Flexible delivery models have b￿n embedded across the organisation's programmes. Sessions are offered at varied times. including evenings and occasional weekends. with a combination of in person and online formats to improve accessibility for participants with work or study commitments. Where funding allows, Young Identity continues to offer bursaries, travel support and paid progression opportunities to reduce financial barriers for young people, particularly those from lower income households. Audience development and communications activity have been adapted to reflect changing bi)oking behaviours. This includes responsive marketing. targeted outreach through ￿MMunity networks and digital platfomis, and clearer messaging around aC￿ss. pricing and value. These approaches aim to sustain engagement while recognising the financial realities facing audiences. The organisation will continue to monitor this risk closely, reviewing data. participant feedback and audience insights to ensure that mitigation measures remain effective and proportionate. 17 Young Identity Trustees, annual report for the year ended 31 March 2025 Financial Sustainability While securing significant funding, including Arts Council England's NPO status and a multi-year grant from the National Lottery Reaching Communities Fund, we face the challenge of developing a mixed-income business model to ensure financial sustainability and support expansion. Mitigation Strategies.. Diversified Income Streams: Explore additional revenue sources such as merchandise sales, online content monetisation, and corporate partnerships. Strategic Planning: Implement a comprehensive strategy to meet commissioning income targets, with regular reviews and adjustments based on performance and market conditions. Cost Management: Monitor and (x)ntrol operational expenses to maintain financial health without compromising programme quality. By addressing these areas with informed strategies. we aim to navigate the evolving landscape effectively, ensuring the continued success and impact of our organisation. 18 ## Young Identity ## Trustees’ annual report for the year ended 31 March 2025 ## **Statement of responsibilities of the trustees** Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practices and: - Select suitable accounting policies and then apply them consistently - Observe the methods and principles in the Charities SORP - Make judgements and estimates that are reasonable and prudent - State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disclose the financial position of the charity with reasonable accuracy at any time and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for maintaining the integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. The trustees’ annual report has been approved by the trustees on 23[rd] January 2026 and signed on their behalf by Name: Lis (Mary Elisabeth) Cordingley Title: Chair 19 ## Independent examiner’s report to the members of ## Young Identity I report to the charity trustees on my examination of the accounts of the charity for the period ended 31[st] March 2025 which are set out on pages 20 to 31. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do 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. Jennifer Daniel FCCA DChA Slade & Cooper Limited, Chartered Certified Accountants Beehive Mill, Jersey Street Manchester, M4 6JG Date 28[th] January 2026 20 Wordsmith Awards Statement of Financial Activities for the period ended 31 March 2025 Unrestricted funds Restricted funds Total funds 2025 Total funds 2024 Note Income from: Charitable activities.. 292,132 166,299 458,431 400,192 Investments 2,185 2,185 1,036 Total income 294,317 166,299 460,616 401,228 Expenditure on: Charitable artivities.. 242.667 105,551 348,218 344. 728 Total expenditure 242,667 105,551 348,218 344,728 Net income/(expenditure) before net gains/(losses) on investments 51.650 60,748 112,398 56,500 Realised gains/(105ses) on investments Unrealised gainsl(losses) on Net income/(expenditure) for the year 51.650 60.748 112,398 56,500 Transfer between funds Net movement in funds for the year 51,650 60,748 112,398 Reconciliation of funds Total funds brought forward 105,928 37,584 143,512 87,012 Total funds carried fonvard 157.578 98.332 255.910 143.512 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing artivities. 21 ## Wordsmith Awards ## Balance Sheet ## as at 31 March 2025 |Note
£
£
**Current assets**
Debtors
10
6,623
Cash at bank and in hand
278,140
**Total current assets**
**284,763**
**Liabilities**
Creditors: amounts falling
due in less than one year
11
(28,853)
**Net current assets**
**255,910**
**Total assets less current liabilities**
255,910
Creditors: amounts falling
due after more than one year
-
-
**Net assets**
**255,910**
**Funds of the charity:**
Restricted income funds
13
98,332
Unrestricted income funds
14
157,578
**Total charity funds**
**255,910**
2025|_£_
_£_
_2,928_
_150,274_
**_153,202_**
_(9,690)_
**_143,512_**
_143,512_
_-_
**_143,512_**
_37,584_
_105,928_
**_143,512_**
_2024_|_£_
_£_
_2,928_
_150,274_
**_153,202_**
_(9,690)_
**_143,512_**
_143,512_
_-_
**_143,512_**
_37,584_
_105,928_
**_143,512_**
_2024_| |---|---|---| |||_143,512_
_-_| |||**_143,512_**| |||_37,584_
_105,928_| |||**_143,512_**| The notes on pages 23 to 31 form part of these accounts. Approved by the trustees on 23/01/2026 and signed on their behalf by: Lis (Mary Elisabeth) Cordingley (Chair) 22 Wordsmith Awards Notes to the accounts for the period ended 31 March 2025 Accounting policies The principal accounting policies adopted, judgments and key sources of estsmation uncertainty In the preparation of the financial statements are as follows.. Basis of preparation The financial statements have been p￿pared in accordan￿ with Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charityes p￿paring their accounts in accordance with the Financial Reporting standard applitable in the UK and Republic of Ireland IFRS 102), second edition Ortober 2019 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006 and UK Generally Accepted Accounting Prartice. The charity has applied the exemption available to Small charities in the Charities SORP IFRS 1021 and does not include a Statement of Cash Flows in these Financial Statements. The accounts (financial statements) have been p￿pared to give a 'true anL1 faTr view, arTrd have departed from the Charities (Accounts ané Reports) Regulations 2008 only to the extent ￿Qui￿￿ to provide a 'true ènd fair view,. Thls departure has involved following Accountsng and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance vrfith the Financial Reporting Standard applicable in the UK and RepLJblic of Ireland IFRS 1021, second edition October 2019. rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. Wordsmith Awards meets the definition of a public benefit entity under FRS102. Assets and liabilities are inltially recognised at histomcal cost or transartion value unless otherwise slated in the relevant accounting policy note. b Preparation of the accounts on a going concern basis The trustees consider that the￿ a￿ no material ￿n￿[￿lntIes about the charity's ability to continue as a going concem. There a￿ no key jUL1gments which the trustees have mat1e which have a significant effect on the accounts. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a slgnificant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period. Income Income is ￿COgnised when tJ)e charity has entitlement to the funds, any performance conditions attached to the itemlsl of income have been met, it is probable that the income will be received and the amount can be measured Income fmm government and other grants. whether 'capital' grants or 'revenue' grants. is recognised when the charity h3s entitlement to the funds. any performance conditions attached to the grants have been met, it Is probable that the Incorne will be ￿CeIVed and the amount can be measured reliably and is not deferred. Income received in advance of a provision of a specified Servi￿ is deferred until the criteria for incorne recognition a￿ met. d Interest receivable Interest on funds held on deposit is included when re￿1vable and the amount can be measured reliably by the charity.. this is norrnally upon notification of the interest paid or payable by the Bank. 23 Wordsrnith Awards Notes to the accounts for the period ended 31 March 2025 (continued) Fund accounting Unrestrirted funds are available to spend on activities that further any of the purposes of 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. Restricte¢ funds are donations which the tjonor has specified a￿ to be solely used for particular aoas of the cha￿ty,$ work or for specific projects being undertaken by the charity- f Expenditure and irrecoverable VAT Expenditure is recognised once there is a legal or construrtive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. g Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the arnount prepaid net of any trade discounts due. h Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid inve5ttnentS With a Short rnaturity of three month5 or less from the date of acquisition or opening of the deposit or similar account. Creditors and provisions Creditors and provisions a￿ recognised where the charity has a p￿sent obligation resulting from a past event that will probably result in the transfer tsf funds to a third party and the amount due to settle the obligation can be measu￿4 or estimated ￿lIablY. Creditors and provisions are nomially recognised at their settlement amount after allowing for any trade discounts due. j Financial instruments The charity only ha5 financial a55ets and financial liabilitie5 of a kind that qualify a5 basic financial instruments. Basic financial instruments a￿ initially ￿COgnised at transartion value and subsequently measured at their settlement value with the exception of bank loans which a￿ subseouenvy measu￿￿ at amortised cost using the effective Inte￿$t method. Legal status of the charity The charity is a charitable incorporated organisation, Wiste￿ as a charity in England & Wales. 24 Wordsmith Awards Notes to the accounts for the period ended 31 March 2025 (continued) Income from charitable activities Current reporting period Unrestricted Restricted Total 2025 Commisslons National Lottery Community Fund (Reaching Communities NW Region) The National Foundation for Youth Music Goethe Institute Icultural 8ridges1 Paul Hamlyn Foundation Art5 Council England NPO grant Garfield Weston Other income 22,519 22,519 91,177 722 4,400 70,000 250,000 15,000 4,613 91,177 722 4,400 70,000 250.000 15.000 4.613 Total 292,132 166,299 458,431 Previous reporting period Unrestricted Restricted Total 2024 Commissions ational Lottery Community Fund (Reaching Communities NW Region) The National Foundation for Youth MUSAC Arts Council England JVPO grant other income 39.401 39.401 91.177 13.713 250,000 5,901 91,177 13,713 250,000 5,901 Total 295,302 104,89CI 400,192 Investment Income 2025 2024 Bank interest income 2,185 l.Q36 2.185 1,036 All of the charity's investment income arises from money held in Inte￿$t bearing deposit accounts. All investment income is unrestricted. 25 Wordsmith Awards Notes to the accounts for the period ended 31 March 2025 (continued) Analy$l$ of expendlture on charltable artlvltles Total 2025 Total 2024 Salaries, Freelance. other staff costs Insurance Marketing Office expenses Artivity costs Professional fees Governance costs 291.393 1.935 7,566 24,088 11,897 8,421 2.918 279,474 1,269 11,831 23,475 19,664 6,878 2,137 348,218 344.728 2025 2024 Restricted expenditu Unrestritted expenditure 105,551 242,667 89,949 254,779 348,218 344,728 Net In¢ome/(expendlture) for the year This 15 Stated after chargingllcrediting}- 2025 2024 Independent exarniner's fee - accountancy fee Independent exarniner's fees - examination fee 1.500 425 1.400 400 26 Wordsmith Awards Notes to the accounts for the period ended 31 March 2025 (continued) staff Costs Staff c05t5 during the year were a5 follows.. 2025 2024 Wages and salaries Social security costs Pension costs 209.085 8.461 4,835 51,780 54 1,335 222,381 53,169 staff have gradually been employed on contrart from December 2023, having previously worked freelance. No employee has employee benefits in excess of £60.000 12024.. Nil). The average number of staff employed was 7 {2024= 51. The average full time equivalent number of staff employed was 5.4 (2024 from December 2023= 4.2). The key management personnel of the charity are the Chair of trustees. the CEO and Artistic Director and the Executive Dirertor. The total employee benefits (including ernployer NI an