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← Wiltshire Young Musicians

2025-07-31-accounts

Wiltshire Young Musicians Treasurers’ Report August 2024 to September 2025

One key addition in the past year has been the introduction of a debit card with access to limited funds (£500) to enable WYM staff to easily make purchases of small items locally or on-line. This has assisted the administrative process. The amount of money allocated to the card at any one time is managed by the Treasurer.

As previously we have used Gooding Accounts (Westbury Office) to complete an independent examination of our annual accounts, which will be submitted after the AGM to Companies House and the Charity Commission.

The key points to note from the Financial Activities August 24 to July 25 report and Balance Sheet at 31 July 25 are as follows:

Income and Expenditure

In the FY 24/25, Subscriptions brought in £32.3k, a modest increase compared with £31.8k in the previous year. Gift Aid on these Subscriptions contributed a further £7.57k.

Instrument Hire brought in an additional £3,216 slightly higher than last year.

Event income received amounted to £14,639. A significant increase due to an outstanding amount owing from summer concert 2024. Our move to accrual basis accounting this year should give more comparable results going forwards.

The total grant income from the music hub for the area - Wiltshire Music Connect through to January 2025 and Gloucester-Swindon-Wiltshire music hub thereafter, was £26,062. This included an additional ‘balancing’ payment awarded at the end of the academic year. We are grateful for this on-going support.

We received interest on our reserves amounting to £1,426.

Our total income for the FY 24/25 was £87,287. Up on FY23/24, £83.8k, by 4.15%.

Our significant expenses are payment of Tutors fees at £34,132 and fees to Executive Director, Musical Director and Administrator, an outgoing of £25,838. The hire of Rehearsal Rooms amounts to £16,332 compared to £17,575 in FY23/24. A sign that continued work around reducing these core costs is paying dividends.

Our total Outgoings for the year were £84,856, reduced from £89,957 in FY23/24. Other areas of expenditure were broadly in line with the prior year.

The net surplus for the year was £3,857, compared with a deficit of £4.4k in the prior year.

Balance Sheet

The Balance Sheet shows we had £63,463 in the bank at the end of July 2025.

With Tangible Assets, the instruments, standing at £146,093, our Total Net Assets are £210,023.

Chris will comment on future funding plans.

John Malone, who has acted as joint Treasurer since 2021 is standing down at the 2025 AGM. Sharmella Kirby has joined the committee and is taking on the role of Treasurer supported by Marion Grout.

- Executive Director Annual Report 2024/25

Groups and Membership

We continue to provide musical ensembles across the North and West of the county with Junior and Intermediate groups for wind, brass, strings and percussion players in both areas and our two senior groups based in the West. We continue to provide a clear progression route through our groups from absolute beginner through to post grade 8.

We currently have 21 active groups available to young people of Wiltshire, up one from last year thanks to the re-opening of Chippenham Junior strings. This not only brings in new members but will also see the addition to our team of a new practitioner and a strong relationship with a school in the area who have become our venue for the group.

Individual membership as at July 2025 stood at 215. When including those that attend more than one group, this figure stands at 249.

17/18
18/19
19/20
20/21
21/22
22/23
23/24
24/25		 17/18
18/19
19/20
20/21
21/22
22/23
23/24
24/25
TOTAL
MEMBERS
(inc. multi groups)		 280
242
(272)
243
(270
)
210
(221)
233
(251)
227
(256)
224
(253)
215
(249)
TOTAL ON
SUBSIDY		 3
3
5
4
3
2
8
8
MEMBERSHIP
PER GROUP (µ)		 13.11

Sadly, this is showing a decline in regular members, an overall trend which has been in place since 2017/18. We must continue to overcome this challenge by offering more of what our young people are asking for and driving our own supply with outreach and collaboration. I have added this year to the table above, a figure of an average per group which may be a more reflective way of viewing these figures as our offer changes. What these figures do not show for example, is the cessation of Chippenham junior strings in 2022, and the introduction of Pick up and play groups in 2023.

Strong discussions were had about how we can best enter the growing world of popular music and electronic instruments, without losing sight of WYM’s aims and ethics. Our Musical Director, David Garcia has led on opening our first Rock band workshops, held during school holidays which have been a success and are shortly due to run again. Interesting collaborative discussions have begun with a multi organisational working group, brought together by the Wiltshire Music Connect legacy fund. These discussions hope to open doors to many more opportunities for youngsters across Wiltshire to access contemporary and digital music making. It is important that Wiltshire Young

Musicians are involved in the shaping of this potentially groundbreaking initiative, so as to be part of the journey towards modernising our offer.

Our school project goes from strength to strength, this year, thanks in no small part to our Musical Director David Garcia, we put on an event in collaboration with Trowbridge symphony orchestra giving 275 young people a chance to perform with a full orchestra. Despite late venue changes causing some logistical issues, the event was well received by participants and audience members and we are pleased to announce, is due to run as an even larger event at Bath Forum in July 2026.

Membership analysis

==> picture [306 x 427] intentionally omitted <==

----- Start of picture text -----
Member Analysis
300
250
200
150
100
50
1
0
2
2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25
3
4
5
Total Members
Total Members inc. multi group
----- End of picture text -----

Whilst this shows retention is currently strong with a growth in Key stages 3, 4 and 5 the drop at key stage 1 and 2 must be seen as concerning for the future. We have a large number of key stage 5 members this year who are likely to leave the organisation in the next 12 -24 months. With this in mind, a return to outreach in schools should be considered.

In last year’s report we commented on the drop in numbers in the higher key stages being symptomatic of the general drop in young people continuing to learn these instruments to a higher standard due to academic pressures. Steady results in this area now must be seen as a positive and an indication that members believe our product to be worthwhile.

Total Reach 2024/25

Our reach now goes far beyond the regular ensembles and so core membership doesn’t tell the whole story. The following table shows concert audience figures which are significantly down this year, and the first time they have dropped since the pandemic. This is likely to be symptomatic of the drop in membership numbers.

2024/25
2023/24
2022/23
2021/22
2018/19		 2024/25
2023/24
2022/23
2021/22
2018/19
Total
Tickets
Conc.
Total
Tickets
Conc.
Total
tickets
Conc.
Total
tickets
Conc.
Total
tickets
Conc
.
CHRISTMAS
FESTIVAL(13:30)		 149
30
192
37
168
25
204
34
209
28
CHRISTMAS
FESTIVAL(19:30)		 124
25
170
26
200
34
134
24
133
20
LOVE TO PLAY!
STRINGS		 85
26
112
22
121
25
121
26
225
46
LOVE TO PLAY! W & B 60
14
89
16
120
26
113
29
160
31
SENIOR CONCERT 62
14
137
22
129
22
126
21
171
31
SUMMER FESTIVAL
(C’HAM)		 73
9
127
15
91
15
110
13
149
16
SUMMER FESTIVAL
(13:30)		 116
19
152
25
208
33
119
21
139
27
SUMMER FESTIVAL
(19:30)		 77
17
105
17
144
25
169
27
138
17
SCHOOL EVENT
TROWBRIDGE		 233
0
237
0
Na
na
na
na
na
na
TOTAL 979
154
1321
180
1181
205
1096
195
1324
216
AVERAGE 98
19
147
20
148
26
137
24
166
27

The following table shows our overall reach and suggests we have reached at least 636 young people through 2024/25 and a total of in excess of 1760 people. Less recordable, additional events mean that the figure is likely to be far higher than this. These statistics will continue to be recorded going forward and give a more accurate long term view of Wiltshire Young Musicians impact.

Reach 2024/25
Recorda bl
Core members
Secondary WCET
Love to play additional participants		 215
60
22
Rock Day Workshop participants 22
School event participants 287
Annual Audience members 1133
Instrument hire to non-members 30
Total recordable reach 1769
Additional events Festivals Attended
Busks/community outings taken
place
Pick Up and play workshops
delivered
Total no. additional events
attended		 3
4
3
10

Staffing

This year we have had two additions to the team in Lizzie Evans and Sophie Barford, both string practitioners helping us in Bradford on Avon and Chippenham respectively. David Knight left the organisation to further his career as head of music in a secondary school in Devizes. All other tutors remain in the same positions.

Chris Turner remains as Executive Director, David Garcia as Musical Director and Claire Emberson as administrator.

Future financial stability and growth

The uncertainty around funding reported upon last year has begun to settle down and we are pleased to report we are in receipt of a grant from GSW music hub of £25,000 for the academic year 2025-26. This is the largest amount from the local hub for music education since 2017 and represents a significant step in the right direction. Whilst funding will not be confirmed beyond a 12-month period, discussions are positive that this level of funding will remain for the foreseeable future. Further long-term grants have been secured through the Wiltshire Music connect legacy fund for £5000 per year for three years.

Additional successful grants in the 2024-25 academic year have been received from the Lions Club Bradford on Avon and the Bradford on Avon area board. We are currently working with a fundraising consultant provided by the GSW music hub, to further expand our fundraising plan which is a large part of the executive director’s work this academic year. Ensuring not only sustainability for the organisation, but also the ability to grow further.

Equality, Diversity and Inclusion

Continuing to record statistical outcomes:

Other outcomes in 2024/25:

Budget comparison and finance

There are some differences from our original budget compared with the actual figures for 2024/25 which are worth noting.

Income:

Expenses:

Financial summary 2023/24

We are pleased to report that Wiltshire Young Musicians had a surplus this year of £3,952 compared to our expected net income of just £250. Whilst this is a significant achievement given the uncertainties going into the year, in order to achieve a real capacity for growth, further income generation will be required. Our planned move to accrual-based accounting in 2025-26 should help year on year comparisons going forwards.

Areas for development

Thanks

On behalf of the Wiltshire Young musicians’ team and all its members, I would like to thank the tutors and office team for their continued hard work, and the board and all our volunteers for their efforts, dedication and governance

Musical Director - Annual Report 2024/25

Concerts and Events

Our concerts have been historically running very successfully and I have only made a few small tweaks over the last year. Firstly we have encouraged students to perform piano before the concerts in the music centre, as we hadn’t previously offered many opportunities to pianists.

I have also asked players from senior groups to perform solos and duets. In the last year we have enjoyed solos from a violinist and saxophonist, and a violin viola duet performed by two siblings.

I have tried to encourage our ensemble leaders to take their groups out to perform in the community, for an opportunity for the members and their families, to publicise what we do, and as a fundraising opportunity. Busking at the Bradford Green Man festival was very popular and attracted a lot of students and their families too. This looks like it will become an annual fixture.

The Chippenham Junior Wind Band also performed at a summer fete, the young singers at a great number of local events, and the saxophone group played at a Lions Club concert. All of these events, while not making much in terms of fundraising, definitely succeed in raising our profile and providing performance opportunities.

This year we are building on this idea and with fantastic support from Lucy Whitfield, all our intermediate players have been invited to play at Chippenham Folk festival.

Both our Love to Play Days and the Senior Concert were in Chippenham this year, which was important to make sure we are encouraging our members and signups in the Chippenham area.

Social and Fundraising

I am endeavoring to make sure our fundraising events also have other benefits to us as an organisation. Our summer concert with Trowbridge

schools and Trowbridge Symphony Orchestra was an opportunity for our youth orchestra to play with a large and high quality orchestra, a chance for 250 young people to sing in a concert with a live musicians, a chance for a huge number of local parents to see the benefit of music making (and receive a flier for our pick up and play sessions), and a chance to make a significant amount of money for our fundraising drive.

We had a pizza session after our joint intermediate concert, which was a chance to give our members a much neglected social event, and a chance for WYM families to get to know each other. It also made a decent contribution to our fundraising and has become an annual event.

I have organised a WYM ceilidh in the new year to build on these successes, where we are also inviting WMC staff and stewards to attend to encourage our relationship with the music centre to deepen. It will also involve a folk workshop and a chance for students to be in the ceilidh band, meaning we are providing a new musical experience.

Relationships with other Organisations

I have strived to improve our relationship with St. Laurence school and Wiltshire Music Centre this year, with both organisations historically providing a more symbiotic relationship with Wiltshire Young Musicians than has been the case in more recent years.

St. Laurence loved our trial Secondary School Whole Class Instrumental provision so much they are going to offer strings in addition to wind this year. I now meet regularly with the head of music.

We also now meet monthly with the Education team at the music centre to see how we can plan events to benefit both organisations. Our tutors have provided pick up and play workshops at two very different events at the music centre; both were funded in full by the music centre and shows an improved willingness on their part to engage with the work we do.

We offered the chance for our members to attend the WEMA music residential. Four of our members attended and had a fantastic time, and we are looking to build on this new relationship this year.

I have also been talking to Young Voices, Corsham Wind Band and Wiltshire Rural Music to try and make sure we work well with local arts organisations.

Tutors

As ever we are totally reliant on our fantastic tutors. I am especially pleased that we have welcomed two new tutors this year; both exactly what we are looking for as an organisation - young, enthusiastic string teachers who are leading our pick up and play strings group, and the newly relaunched Chippenham Strings.

Workshops, Holiday and new groups provision

This is a fairly new area for us as an organisation. For the coming year we are exploring an adult steel pan group, opportunities for home educated children and music technology.

Our Rock Band Workshop was a real musical success, but didn’t bring the financial boost we were hoping for. We have also seen an increase in competition since we organised the first session, so it remains to be seen if this is a viable workshop going forward.

The Coming Year

Given the downward trend in statistics of children learning orchestral instruments and studying music, nationally and locally, I think we should be proud of our membership levels this year - even though we are of course striving to make every ensemble bigger and better. It is arguably the toughest conditions for music ensembles now than ever before, but there are positive signs that some of the tweaks to how we operate in the last few years are allowing us not just to survive but to flourish.

Chair's Report 24-25

The academic year 2024-25 has seen Wiltshire Young Musicians take its first steps in a newly evolving musical landscape. Our New Musical Director has brought new energy and ideas to the organisation and is identifying new streams of activity as well as seeking to strengthen current activities to help consolidate the position of the WYM within the local music education scene. The creation of the new GSW consortium as the music hub for Gloucestershire, Swindon and Wiltshire has taken longer to make its intentions known for musical education locally, but has been meeting schools and other parties including us over the course of the year. Wiltshire Young Musicians has set out strongly its intentions and ambitions to the new hub, seeking to fill some of the gaps left by Wiltshire Music Connect, as a means to increase musical participation in the county and in-turn, increase membership of our ensembles. To date, this has not led to any fruitful developments, but has led to some thinking and discussion on the committee, as to how the organisation might need to change to accommodate new types of activity. This has been thanks to the hard work of our Executive and Musical Directors.

Other operation developments have included transfer of banking signatories and a change in the accounting procedures, showing accounting in the year that items occur, rather than when they are paid. We hope this will give greater clarity in the understanding of our accounts.

The committee itself has been stable this year, with the exception of a change to our Treasurer. I’d like to thank our out-going treasure, John Malone, for his many years of service and welcome our new treasure, Sharmella Kirby. In addition, we have another new committee member to take a lead on all things social media and help promote the organisation. Across the committee, we have all developed in our understanding of our roles.

We look toward 2025-26 with optimism.

Report to the members of: Wiltshire Young Musicians

On accounts for the year ended: 31 July 2025
Respective responsibilities of The Treasurer as appointed by Wiltshire Young Musicians
trustees and examiner is responsible for the preparation of the accounts. The
Charity consider that full in depth audit is not required for
this year and that a thorough independent examination is
needed.
It is my responsibility to: It is my responsibility to:
• examine the accounts.
• confirm that the figures present a true and fair view of
the position.
• to state whether particular matters have come to my
attention.

Basis of independent examiner’s My examination was carried out in accordance with general statement Directions given by the Wiltshire Young Musicians and Accountancy bodies. 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 Treasurer 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.

Partners: Sam Gooding FMAAT FMATT FIAB Katy Gooding BSc FCA Company No: 09087439 Registered in England and Wales as ; Gooding Accounts Ltd Registered Office : Holloway House, Epsom Square, Trowbridge, Wiltshire BA14 0XG

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with regular Accounting procedures.

  3. to prepare accounts which accord with the accounting records and comply with the necessary accounting requirements of the Wiltshire Young Musicians.

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

  6. which would give rise to any concern in relation the full disclosure of all financial matters in relation to the Wiltshire Young Musicians.

Signed:

Date: 29/10/2025 ~~|~~

Name: Katy Gooding ~~po~~

Relevant professional ICAEW qualification(s) or body:

Address: Gooding Accounts Ltd Holloway House, Epsom Square, Trowbridge Wiltshire BA14 0XG

Management Report

Wiltshire Young Musicians Ch No: 1000800 For the period ended 31 July 2025

Prepared by Gooding Accounts Ltd

Prepared on 20 October 2025

For management use only

Table of Contents

Financial Activities...........................................................................................................................................3 Balance Sheet .................................................................................................................................................6

2/7

Financial Activities

August 2024 - July 2025

Financial Activities
August 2024 - July 2025
Total
Aug 2024 - Jul 2025 Aug 2023 - Jul 2024(PP)
INCOME
4110 Grants 19,773.15 2,500.00
Concert Income 61.15 2,400.00
Love to Play - concert income 1,520.36 1,579.50
School Event 2,530.00
Senior Concert Income 902.00 1,520.00
Summer Concert 3,156.50 991.53
Summer Concert Sales 2,881.61 288.02
Xmas Concert 3,588.00 3,225.00
Total Concert Income 14,639.62 10,004.05
Donations 1,358.02 3,045.37
Fundraising 1,380.74 1,514.68
Fund Raising Easyfundraising 20.52
Sponsorship 100.00 100.00
Total Fundraising 1,480.74 1,635.20
Gift Aid 7,567.16 7,274.65
Holiday Workshops Income 290.00
Instrument Hire 3,216.06 3,090.00
Love to Play Strings Day - workshop fee -11.00 121.00
Love to PlayStrings DayNorth Wilts - workshopfee 109.00 60.00
Total Love to Play Strings Day - workshop fee 98.00 181.00
Love to Play Wind Day - workshop fee 110.00 165.00
Subscriptions Received 31,565.48 28,680.75
Subscriptions Received (PayPal) 690.66 3,196.89
Unapplied Cash Payment Income 58.99 1.00
Wiltshire Music Connect Grant 6,289.60 24,037.75
workshop 150.00
Total Income 87,287.48 83,811.66
GROSS PROFIT 87,287.48 83,811.66
EXPENSES
6140 Gifts and Donations 10.00
6180 Insurance 857.34 685.92
6230 Licenses and Permits 20.00
6250 Postage and Delivery 2.70
6270 Professional Fees
6650 Accounting 264.60 252.00
Total 6270 Professional Fees 264.60 252.00
6334 Subscriptions 167.52
6335 Software Expense 405.60 712.32
6340 Telephone
6341 Mobile 28.44 30.00

3/7

Wiltshire Young Musicians Ch No: 1000800

Total
Aug 2024 - Jul 2025 Aug 2023 - Jul 2024(PP)
Total 6340 Telephone 28.44 30.00
6550 Office Supplies 32.72
6770 Supplies
6780 Marketing 29.35
Total 6770 Supplies 29.35
Advertising
We are Neidin 420.00
Total Advertising 420.00
Company Admin 34.00 73.35
Concert Expense 2,286.83 500.00
Love to Play concert expense 746.87 1,609.32
School Event 15.00 832.20
Senior Concert Expense 657.74 1,009.73
Summer Concert Expenses 1,081.61 388.50
Xmas Concert 1,327.14
Total Concert Expense 4,788.05 5,666.89
Directors and Administrators
Administration 10,098.00 9,900.00
Executive Director 12,240.00 12,000.00
Musical Director 3,499.98 3,300.00
Total Directors and Administrators 25,837.98 25,200.00
Event Expense 1,440.00
Festivals 105.48
Holiday Workshop Expense 255.00
Instrument Purchase 29.70
Instrument Repairs 98.00 10.00
Music 75.95
Photocopying 33.84
Rehearsal Rooms 17,575.30
Kings Lodge 674.56
Rent or Lease of Buildings 14,343.99
St Johns 130.13
Trinity School, Devizes 637.00
WRMS 546.66
Total Rehearsal Rooms 16,332.34 17,575.30
Stationery 99.49 47.26
Training 566.00
Tutors 34,131.56 37,661.44
Unapplied Cash Bill Payment Expenditure 465.46 0.00
Website 267.83
Workshops 100.00
Total Expenses 84,856.41 89,957.02

4/7

Wiltshire Young Musicians Ch No: 1000800

Total
Aug 2024 - Jul 2025 Aug 2023 - Jul 2024(PP)
NET OPERATING INCOME 2,431.07 -6,145.36
OTHER INCOME
7010 Interest Income 1,537.42 1,791.70
Total Other Income 1,537.42 1,791.70
OTHER EXPENSES
8010 Other Expenses 83.58
DBS 16.00
Total 8010 Other Expenses 16.00 83.58
Total Other Expenses 16.00 83.58
NET OTHER INCOME 1,521.42 1,708.12
NET INCOME £3,952.49 £ -4,437.24

5/7

Wiltshire Young Musicians Ch No: 1000800

Balance Sheet

As of July 31, 2025

Balance Sheet
As of July 31, 2025
Total
As of Jul 31, 2025 As of Jul 31, 2024(PP)
FIXED ASSET
Tangible assets
Instruments
Costs B/fwd 146,093.64 146,093.64
Total Instruments 146,093.64 146,093.64
Total Tangible assets 146,093.64 146,093.64
Total Fixed Asset 146,093.64 146,093.64
CASH AT BANK AND IN HAND
65579836 Natwest Liquidity Manager 35 day 47,479.40 46,165.32
Debit card account 5.93
Nat West Business Reserve 12,867.61 8,744.86
Nat West Capital Reserve 3,105.53 5,759.99
Nat West Current a/c 100.00 100.00
Total Cash at bank and in hand 63,558.47 60,770.17
NET CURRENT ASSETS 63,558.47 60,770.17
NET CURRENT ASSETS(LIABILITIES) 63,558.47 60,770.17
TOTAL ASSETS LESS CURRENT LIABILITIES 209,652.11 206,863.81
TOTAL NET ASSETS (LIABILITIES) £209,652.11 £206,863.81
CAPITAL AND RESERVES
1110 Retained Earnings 57,112.58 61,549.82
3000 General Fund 145,959.75 145,959.75
Steel Pans Tutors fund 2,627.29 3,791.48
Profit for theyear 3,952.49 -4,437.24
Total Capital and Reserves £209,652.11 £206,863.81

6/7

Wiltshire Young Musicians Ch No: 1000800

The Financial Statements were approved by the Trustees on _____.

______ Trustee

Wiltshire Young Musicians Ch No: 1000800

7/7

Report to the members of: Wiltshire Young Musicians

On accounts for the year ended: 31 July 2025
Respective responsibilities of The Treasurer as appointed by Wiltshire Young Musicians
trustees and examiner is responsible for the preparation of the accounts. The
Charity consider that full in depth audit is not required for
this year and that a thorough independent examination is
needed.
It is my responsibility to: It is my responsibility to:
• examine the accounts.
• confirm that the figures present a true and fair view of
the position.
• to state whether particular matters have come to my
attention.

Basis of independent examiner’s My examination was carried out in accordance with general statement Directions given by the Wiltshire Young Musicians and Accountancy bodies. 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 Treasurer 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.

Partners: Sam Gooding FMAAT FMATT FIAB Katy Gooding BSc FCA Company No: 09087439 Registered in England and Wales as ; Gooding Accounts Ltd Registered Office : Holloway House, Epsom Square, Trowbridge, Wiltshire BA14 0XG

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with regular Accounting procedures.

  3. to prepare accounts which accord with the accounting records and comply with the necessary accounting requirements of the Wiltshire Young Musicians.

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

  6. which would give rise to any concern in relation the full disclosure of all financial matters in relation to the Wiltshire Young Musicians.

Signed:

Date: 29/10/2025 ~~|~~

Name: Katy Gooding ~~po~~

Relevant professional ICAEW qualification(s) or body:

Address: Gooding Accounts Ltd Holloway House, Epsom Square, Trowbridge Wiltshire BA14 0XG

Management Report

Wiltshire Young Musicians Ch No: 1000800 For the period ended 31 July 2025

Prepared by Gooding Accounts Ltd

Prepared on 20 October 2025

For management use only

Table of Contents

Financial Activities...........................................................................................................................................3 Balance Sheet .................................................................................................................................................6

2/7

Financial Activities

August 2024 - July 2025

Financial Activities
August 2024 - July 2025
Total
Aug 2024 - Jul 2025 Aug 2023 - Jul 2024(PP)
INCOME
4110 Grants 19,773.15 2,500.00
Concert Income 61.15 2,400.00
Love to Play - concert income 1,520.36 1,579.50
School Event 2,530.00
Senior Concert Income 902.00 1,520.00
Summer Concert 3,156.50 991.53
Summer Concert Sales 2,881.61 288.02
Xmas Concert 3,588.00 3,225.00
Total Concert Income 14,639.62 10,004.05
Donations 1,358.02 3,045.37
Fundraising 1,380.74 1,514.68
Fund Raising Easyfundraising 20.52
Sponsorship 100.00 100.00
Total Fundraising 1,480.74 1,635.20
Gift Aid 7,567.16 7,274.65
Holiday Workshops Income 290.00
Instrument Hire 3,216.06 3,090.00
Love to Play Strings Day - workshop fee -11.00 121.00
Love to PlayStrings DayNorth Wilts - workshopfee 109.00 60.00
Total Love to Play Strings Day - workshop fee 98.00 181.00
Love to Play Wind Day - workshop fee 110.00 165.00
Subscriptions Received 31,565.48 28,680.75
Subscriptions Received (PayPal) 690.66 3,196.89
Unapplied Cash Payment Income 58.99 1.00
Wiltshire Music Connect Grant 6,289.60 24,037.75
workshop 150.00
Total Income 87,287.48 83,811.66
GROSS PROFIT 87,287.48 83,811.66
EXPENSES
6140 Gifts and Donations 10.00
6180 Insurance 857.34 685.92
6230 Licenses and Permits 20.00
6250 Postage and Delivery 2.70
6270 Professional Fees
6650 Accounting 264.60 252.00
Total 6270 Professional Fees 264.60 252.00
6334 Subscriptions 167.52
6335 Software Expense 405.60 712.32
6340 Telephone
6341 Mobile 28.44 30.00

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Wiltshire Young Musicians Ch No: 1000800

Total
Aug 2024 - Jul 2025 Aug 2023 - Jul 2024(PP)
Total 6340 Telephone 28.44 30.00
6550 Office Supplies 32.72
6770 Supplies
6780 Marketing 29.35
Total 6770 Supplies 29.35
Advertising
We are Neidin 420.00
Total Advertising 420.00
Company Admin 34.00 73.35
Concert Expense 2,286.83 500.00
Love to Play concert expense 746.87 1,609.32
School Event 15.00 832.20
Senior Concert Expense 657.74 1,009.73
Summer Concert Expenses 1,081.61 388.50
Xmas Concert 1,327.14
Total Concert Expense 4,788.05 5,666.89
Directors and Administrators
Administration 10,098.00 9,900.00
Executive Director 12,240.00 12,000.00
Musical Director 3,499.98 3,300.00
Total Directors and Administrators 25,837.98 25,200.00
Event Expense 1,440.00
Festivals 105.48
Holiday Workshop Expense 255.00
Instrument Purchase 29.70
Instrument Repairs 98.00 10.00
Music 75.95
Photocopying 33.84
Rehearsal Rooms 17,575.30
Kings Lodge 674.56
Rent or Lease of Buildings 14,343.99
St Johns 130.13
Trinity School, Devizes 637.00
WRMS 546.66
Total Rehearsal Rooms 16,332.34 17,575.30
Stationery 99.49 47.26
Training 566.00
Tutors 34,131.56 37,661.44
Unapplied Cash Bill Payment Expenditure 465.46 0.00
Website 267.83
Workshops 100.00
Total Expenses 84,856.41 89,957.02

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Wiltshire Young Musicians Ch No: 1000800

Total
Aug 2024 - Jul 2025 Aug 2023 - Jul 2024(PP)
NET OPERATING INCOME 2,431.07 -6,145.36
OTHER INCOME
7010 Interest Income 1,537.42 1,791.70
Total Other Income 1,537.42 1,791.70
OTHER EXPENSES
8010 Other Expenses 83.58
DBS 16.00
Total 8010 Other Expenses 16.00 83.58
Total Other Expenses 16.00 83.58
NET OTHER INCOME 1,521.42 1,708.12
NET INCOME £3,952.49 £ -4,437.24

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Wiltshire Young Musicians Ch No: 1000800

Balance Sheet

As of July 31, 2025

Balance Sheet
As of July 31, 2025
Total
As of Jul 31, 2025 As of Jul 31, 2024(PP)
FIXED ASSET
Tangible assets
Instruments
Costs B/fwd 146,093.64 146,093.64
Total Instruments 146,093.64 146,093.64
Total Tangible assets 146,093.64 146,093.64
Total Fixed Asset 146,093.64 146,093.64
CASH AT BANK AND IN HAND
65579836 Natwest Liquidity Manager 35 day 47,479.40 46,165.32
Debit card account 5.93
Nat West Business Reserve 12,867.61 8,744.86
Nat West Capital Reserve 3,105.53 5,759.99
Nat West Current a/c 100.00 100.00
Total Cash at bank and in hand 63,558.47 60,770.17
NET CURRENT ASSETS 63,558.47 60,770.17
NET CURRENT ASSETS(LIABILITIES) 63,558.47 60,770.17
TOTAL ASSETS LESS CURRENT LIABILITIES 209,652.11 206,863.81
TOTAL NET ASSETS (LIABILITIES) £209,652.11 £206,863.81
CAPITAL AND RESERVES
1110 Retained Earnings 57,112.58 61,549.82
3000 General Fund 145,959.75 145,959.75
Steel Pans Tutors fund 2,627.29 3,791.48
Profit for theyear 3,952.49 -4,437.24
Total Capital and Reserves £209,652.11 £206,863.81

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Wiltshire Young Musicians Ch No: 1000800

The Financial Statements were approved by the Trustees on _____.

______ Trustee

Wiltshire Young Musicians Ch No: 1000800

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