Charlty reglstration number 10315901England and Wales
Company reglstration number 2880224
BROMLEY YOUTH MUSIC TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

BROMLEYYOUTH MUSIC TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
L Blomstrand
S Polydorou MBE
S M Oldfield
L Richards
J Walters
M Ridout
J Williams-ward
J Wibberley
K Mcmenamin
P Brown
G Asemota
(Appointed 31 March 2025)
(Appointed 31 March 2025)
{Appointed 31 March 2025)
{Appointed 31 March 2025)
Charity number (England and Wales)
1031590
Company number
2880224
Registered offlce
SoLrthborough Lane
Bromley
Kent
BR2 8AA
Auditor
Affinia (Orpingion)
Lynwood House
Crofton Road
Orpington
BR6 8QE
Bankers
Natwesl Bank PLC
143 High Street
Biomley
Kent
BR1 1YZ
Metro Bank
On8 SDuthamplon Row
London
WC1B SHA
Soll¢ltors
Wellers
Tennison House
45 Tweedy Road
Bromley
Kent
BR13NF

BROMLEYYOUTH MUSIC TRUST
CONTENTS
Page
Trustees, report
Statement of Trustees, responsibilities
10
Independent auditorfs report
Statement of financial activities
13.14
Balance sheet
15
Statement of cash flows
16
Notes to the financial statements
17-30

BROMLEY YOUTH MUSIC TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees. who are also directors of Bromley Youth Music Trust C'BYMT'I for the purposes of the Companies Act
2006, present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance wilh the accounting poli¢ies set out in note 1 to the
financial statements and comply wilh the Companies Act 2006 and "Accounling and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
About BYMT:
Established in 1993, BYMT is an independent music seNice, known nationally for providing a high-quality
instrumenlal and vocal music education to children and young people in the London Borough of Brcmley and
surrourbding areas. Our Music Cenlres cater for all ages and experience, including adults. We provide a range of
ensembles and groups, including orchestras. bands, choirs. musical theatre, chamber music, keyboard classes and
sessions for pre-school aged children. We also provide holiday courses, workshops and masterclasses as well as
annual concert tours for our most advanced musicians. The Trustees have paid due regard to guidance issued by
the Charity Commlsslon In declding what acllvities BYMT should undertake.
Constitution:
BYMT is a company limited by guarantee with Charitable Slalus. The company was incorporated on 14 December
1993. The charitable company's Memorandum and Articles of Association are the primary governing documents of
the Trust. Details of the trustees who were serving as at 31 March 2025 are Included in the Reference and
Adminislrative Delails section.
Members Liability:
Each member of Ihe charitable company undertakes lo contribute to the assets of the charitable company in the
event of it being wound up while they are a member, or within one year after they cease to be a member, such
amount as may be required, not exceeding £1. for the debts and liabilities conlracled before they ceased lo be a
member.

BROMLEYYOUTH MUSIC TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
OUR VISION AND STRATEGIC AIMS
BYMT vlslon statemenL'
All children, young people and the wider community benefrt from the enriching and transformative power of music.
Our strategic aims:
Support Bromley schools in providing outstsnding music educatlon
Working with schools to support and add value. Ensuring thal all Bromley children have aC￿sS to an oulslanding
music education.
Develop muslcal progresslon pathways
Children and young people can access a broad range of oulslanding musical pathways which meet their needs and
inleresls.
Ensurè that everyone Is Included
Children and young people's music is HEARD
Holisti
Placing emphasis on personal, social and mu5i¢al oulcom8S.
Equitable
Those facing the biggest barriers receive the most support.
Authentic
Developed with and informed by the people we do il for.
RepTesenlative Participants and colleagues reflect our diverse society.
Diverse
All musical genres, Styles, practices are valued equally.
Nurture life.long enjoyment of music
All members ofthe ccmmunily can engage in outstanding musical experiences.
Develop wider community awareness of BYMT
Everyone in the wider cornrnunily knows that B YMT exists. what we Gan offer them or their families, and how to
access our offer.
Achievements and perfomiance
&gnilicant activities and achievements against objectives
As Truste8s, w8 are delighted to see the growth of engagement, progression and inclusion in all that we do al
BYMT.11 is a privilege lo witness the immense talent of the children and young people in Bromley. We are also very
grateful to have been nominated as one of the Mayor of Bromley's charities for 2024-25. Here are some of the
highlights from this year.
Supporting Bromley Schools In provldlng outstandlng music education:
BYMT engaged with 960/0 of State FLJnded Primary, Secondary, Special Educational Needs and Disabilities
{'SEND-) and alternative provisions. This is very high compared with national benchmarks and demonstrates our
reach. We provided a range of provision including instrumental and vocal tuition, whole class projects, and primary
curriculum delivery.
8,608 children and young people {"CYP°) took part in our fully inclusive classroom instrumental programmes with a
furfher 6.480 taking part in 1-1 lessons.
BYMT tutors supported in the delivery of 78 ensembles in school settings throughoul 2024-25, They also supported
in Ihe planning and delivery of school concerts alongside our classroom music colleagues
BYMT brought togelher 40 Bromley schools with over 1,200 children taking part in the bi-annual Bromley Schools,
Prom.

BROMLEYYOUTH MUSIC TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Developlng musical progresslon pathbvays:
BYMT ensembles are designed to complement the provision in schools and &xtend the opportunibes for children
and young people via out of school activities in the evenings and at weekends.
Progression is built into our ensemble programmes al BYMT, with 35 ensembles catering for over 800 children and
young people weekly throughout 2024-25. Musical genres included classical, jazz, rockjpop and music theatre.
Other initiatives included a successful jazz open day as well as a holiday course at Easter for piano, Strings, wind.
brass and percussion. Many of the students continued their participation with BYMT by joining our regular
ensembles after these events.
BYMT'S music theatre programme has gone from strength to strength with another fantastic musical theatre
summer coutse acting as a catalyst for an invigorated season ahead, which will include productions of Anastasia.
Hades Town and Frozen.
Bromley Youth Chamber Orchestra and Bromley Youth Concert Band partiopaled in a SUCGessful tour of Prague
and the surrounding areas.
Many of our Year 13 students went on lo study music at universities or music colleges.
Ensurlng that everyone Is Included:
7,280 free 1-1 lessons were supported directly by BYMT, working with the London Music Fund alongside Bymfs
Young Musicians, Bursary. Thanks to fundraising efforts, we wer8 able to support free. or discounted. lesson fees,
instrument hire and access to musical ensembles.
We have increased the eapa¢ity ofour SEND Musi¢ Therapist and are now working both in SEND specialist schools
and Addslionally Resourced Provisions ("ARPs'l supported their music provision, alongside our own BYMT SEND
groups.
WÈ Continue lo support young adults in our Open Orchestra. Thls Is an InclusEve ensemble that Is open lo young
adults with special needs who live in Bromley.
Nurturlng Ilfe-long enloymont of muslG:
Numbers of adults who participated in BYMT led groups has risen to over 230. BYMT delivers the Bromley Adult
Musicians Orchestra, Adult Ukulele. Piano Adult beginners as well as Adult Choir and Sing Bromleyl We also have
an Alumni Wind Band (XBY Concert Bandl and an Alumni String Or¢heslra (XBYCO Strings) supporting us in a
lange of ways throughout the year. Over 300 adults now take part in activities based at BYMT each week.
XBY Concert Band achieved another Plalinurn Award at the National cOn￿rt B8nd Festival and have qualified to
represent the UK once again at the World Music Conte51 in 2026.

BROMLEYYOUTH MUSIC TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Developing wider community awareness of BYMT..
Numbers of attendees at performances across Ihe year increased. The 4,000+ audience that attended Ihe Bromley
School's Prom is lestamenl to this and was a great event in showcasing whal BYMT does to a wider audience.
BYMT ran 2 successful 'Try an Instrument Days, in 2024-25 extended the 'Try an Ensemble, open rehearsal weeks
$0 they are now at the start of every term. This exciting introduction to B YMT has enabled students to experien
first-hand the high-quality musical opportunities that are on offer at our ￿ntres.
BYMT continues to develop the 'BYMT Ne￿ork, of alumni. to encourage past students, parents and other interested
parties to spread the word of BYMT and if they can, make donations lo BYMT. We have run several targeted
campaigns throughout 2024-25 and set about making donating easier both on our website and by using QR codes
in concerts. Our aim is to promote as many as possible to become 'Patrons'. making donations annually.
BYMT has developed a pipeline of applications to Trust5 and Organisations. In 202¥25, we had successful
applications to the Headley Trust and London Music Fund. This is an area for furthèr development, bul much
success has already been achieved, adding significant funds to support the BYMT Young Musicians, 8ursary as well
as spreading the word about BYMT.
We introduced termly newsletters whlch demonstrate the Impact of BYMT and celebrate the achievements of the
children and young people we work with. The newsletters provide regular opportunities for BYMT lo remind current
members to sign up to Gift Aid and other initiatives which support our inclusive vision.
Our Partners In 2024125:
To enable BYMT to extend ils reach, in addition lo the South East London Music Hub ("SELMH°), we have
dev8lop8d strong relationships with olh8r Arts providers in Ihe local area and regionally.
Aris Train
L8ngley Park School for Boys
Harris Kent House Primary School
Claire fillotson Music Therapy
London Music Fund
The Music Hub (Hub Music Shop)
Monkey Music
Sl George's, BeGkenham
Our People:
BYMT has a hard-working, dedicated and experienced team of permanenl staff, li￿nsed teachers, Trustees and
volunteers. 209 teachers, 5 managers and 13 support slaff engage wilh families, schools, and partner
organisations, to ensure that children and young people have opportunities to sing. play. create and perform music
in a wide range of settings. BYMT provides continued professional development I CPD-) opportunities via staff
training days, netsvork sessions and workshops for ernployed and licensed teachers, Heads of Music, and Music
Co-ordinators.
BYMT has the support of volunteers who engage in a variety of pro-bono activities, such as fundraising, stewarding
oncerts, running the box office, and providing refreshments al concerts and rehearsals. We are immensely grateful
to our Patrons and Supporters who regularly give to BYMT. In addition, we are hurnbled by the positive fflessages
and support we continue to receive froffl BYMT alumni.
A new CEO was appointed in January 2025 (previous CEO left in August 2024}. The new CEO was formerly
Principal of BYMT from 2014-2019 and has 30+ years, experience in music education.

BROMLEYYOUTH MUSIC TRUST
TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Flnanclal revlew
ReseNes policy
Under BYMT'S Reserves Policy, the Trust is required to hold a minimum of three months of operating costs in
unrestricted reserves (previously suggested by the Charity Commission). Each financial year, the Trustees review
the level of reserves and consider whether any higher level of reserves would be appropriate.
Important Noto for Fiseal Year 2024-2S
BYMT experienced a n8t increase in cash and cash equivalents of £184.955 in year 2024-25. This has allowed
BYMT'S cash reserves to provide a solid buffer for future operalion5.
Th8r8 have been several factors which aro not expected to be repeated:
Staffing savings from nol having a CEO in post throughout Autumn Term
Generous Legacy Donation
TPA grant to cover additional pension payments (agreed in-year)
ACE Capital Grant (agreed in-year)
It is important lo understand the effect of deficils of £102,703 in 2022- 2023 and £63,628 in 2023-2024. This
resulted in the need for restrucluring and cessation of sorne activities. B YMT needs to be cautious of reseNes being
maintained at a minimum of 3 rnonlhs of operational costs ID unrestricted fijnds, while at the same time ensuring
that all monies are spent wlsely on charllable activities and staff are properly remunerated for their work.
Principal funding sources
Our principal funding continues to come from the Department for Education r'DFE') via Arts Councll England
("ACE"), which is suppl8m8nt8d by charges to schools and paren15. grants, donations and sponsorships.
Muslc Hub- DIE Fundlng through Arts Council England
The previous grant given directly lo BYMT lo run the Bromley Music Education Hub ceased as of 31 August 2024.
From that point Ihe grant has moved lo being administeied through SEL Music Education Ltd. This was due to
requirement from the DfE and ACE to reorganise the structure of Music Hubs.
South East London Musle Hub {SELMH> and SEL Muslc Education Ltd.
8YMTs Board of Truslees agreed to enter into a Partnership Agreement with music services in Bexley, Greenwich,
Lambeth, Lewisham and Soulhwaik to secure funding to lead SELMH from 2024 onwards. A new Company limited
by guarantee, SEL Music Education Ltd. (company number 15178185) was incorporated on 30 September 2023, to
fulfil the functions of Hub Lead Organisalion {"HLO') for the new South East London Hub geographical area.

BROMLEYYOUTH MUSIC TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Principal Partners of SEL Musl¢ Education Ltd are:
Bromley Youth Music Trust
Bexley Music (part of London South East Academies Trust)
Lambeth Music Service {part of Lambeth Council)
Lewisham Music (independent charity)
Royal Greenwich Music SeNice (part of Greenwich Coun¢il)
Southwark Music (part of Soulhwark Council)
On 22 July 2024, SEL Music Education Ltd entered into a grant agreement with ACE in respect of funding for the
delivery of music education Services in th8 South East London area. SEL Music Education Ltd. in ils capacity as
HLO for South East London will receive funding from DEIACE calculated according lo the official formula, published
on the ACE Musi¢ Hub website, and based on pupil numbers in schools in each borough, and the number of pupils
receiving Free School Meals. SEL Music Education Ltd will then 're-grant' this funding to the Principal Partners,
based on the published DfE funding, linked to each local aLrthority area overseen by individual Principal Partners.
Principal Partners wlll use this delegated re-grant to fund activity delivered by themselves or other partner
organisalions.
SEL Music Education Ltd. is set up as a Special Purpose Vehicle (SPV) for this purpose.
In addition, SEL Music Education Ltd, has re￿iVed grant funding from the DfE to be restricted for the purpose of
Capital Purchase of Instrument5.
We maintained a strong relationship wrth ACE and recelved the full Muslc Education Hub ('MEH°) Fundlng, the DE
grant administered by ACE. The DfE published the 'Curriculum and Assessment Revie￿ in Nov 2025 and indicated
Ih8t Musi¢ Hub funding will continue post 2028- further details to be provided by th8 DfE in due course.
South Easl London Muslc Hub has been placed In the lowest category of rlsk by ACE, which Is testament to the
quality and success of our services.
Allocated Revenue Grant to BYMT:
Academlc Year 2024-25
£447,180
Academic Year 2025-26
£444.700
Allocated Capital Grant to BYMT:
AGademi¢ Year 2024-25
£88,137.02
Academlc Year 2025-26
£58,758.01

BROMLEY YOUTH MUSIC TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL SUSTAINABILITY AND MANAGEMENT
Future Developments and Going Concern
BYMT aims to continue to deliver an excellent musical offering to children and young people across the London
Borough of Bromley and surrounding areas. whilst ensuring financial sustainability. in the following ways:
Managing a cost neutral budget with some contingency to mitigate against unexpected ¢osls, e.g.. mediuml
long-term staff illness, unforeseen rises in costs. ReseNes are also in place for more substantial unforeseen
costs (see ReseNes Poli¢yl.
Careful monitoring of expenditure and a robust approval process for all expenditure.
Planned and staged increases in fees and subscriptions.
Increasing income from frontline delivery of services, e.g., by growing the number of primary and secondary
schools we engage with.
Developing new activities, including increased access for students over the age of 18.
A consislent and continuing recruilmenl drive, both for children to take up an inslwmenusinging and to increase
the number of children in BYMT groups and ensembles.
Development of income from out-of_borough and independent schools,
Focus on grant applications, such as the H8adley Trust, London Music Fund and other such bodies that add
value wlthout affecting capacity.
Considered investment of resetves, e.g. we have an investment portfolio managed by Elson Associates whlch
comprised of a legacy donation (Beryl Hartley Memorial Fund)
8YMfs Board of Trustees is responsible for ratifying the Trust's budget, and the Annual Report and Financial
Statements.

BROMLEYYOUTH MUSIC TRUST
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Strncture, govemance and management
Governing Document
BYMT is controlled by its governing document, memorandum and articles of association, and constitutes a limited
company, limited by guarantee, as defined by the Companies Act 2006.
GOVERNANCE
BYMT'S Board comprises eight individuals with a range of skills and experience from across the cofflm8r¢ial,
financial. charity. education and arts sectors. who give their time and expertise voluntarily to help the Trust achieve
its aims. All Trustees are responsible for the slrategic direction, development and governance of BYMT.
Twstees also participate In one or more of the following committees:
Finance - Oversee5 the financial performance and management of BYMT, as well as approving relevant
policies and procedures.
Business Development- Oversees 8YMfs fundraising and marketlng actlvities.
Personnel Monitors all aspects of human resourc8s, including staff wellbeing and professional
developmenl along with the safeguarding aspects of staff recruitment and rnanagemenl.
Slandards & Compliance - Monitors compliance and holds BYMT'S leadership team t¢ account in areas
such as safeguarding and health & safety. In addition, the committee plays an important role in overseeing
the quality of teaching, inclusion and diversity-
The Temis of Reference for all committees are being reviewed and will be updated for approval In 2025-26.
The Twslees. who are also the directors for the purpose of company law. and who served during th8 year and up to
the dale of signature of Ihe financial statements were-
L Blomslrand
S Polydorou MBE
S M Oldfield
A Moss
L Richards
J Walters
M Ridoul
J Williams-ward
J Wibberley
K Mcmenamin
P Brown
G Asemota
(Resigned 2 December 20241
(Appointed 31 March 2025)
(Appointed 31 March 2025)
(Appointed 31 March 2025)
(Appointed 31 March 2025)

BROMLEY YOUTH MUSIC TRUST
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Recruitment and appointment of truslegs
BYMT has a procedure for the appointment of new Trustees. Candidates are interviewed by members of the Board
of Trustees and the CEOIHead of Service. Appointments are subsequently agreed al Board level. In 2025, BYMT
successfully recruited four new Iruslees with specialisms in fundraising, accounting and HR. The Board now
consists of eleven individuals with a range of skills and experien￿ from across the commercial, financial, charity,
education and arts sectors. who give their time and expertise volltnlarily lo help BYMT achieve ils aims. All Trustees
are responsible for the strategic direction. development and governance of BYMT.
Induction and tralnlng of new Trustees
BYMT has a policy and procedures for the induction and training of new Truslees Ihal is reviewed annually.
None of the Trustees has any beneficial interesl in the company. All of the Trustees are members of the company
and guarantee lo contribute £1 in the event of a winding up.
Organisational stmclure
BYMT is organised such thai policy decisions affecting its development are made at Board level. The Trustees
involve senior staff members in developing the Trust to meet ils charitable objectives.
Olhgr matters
Audit and Risk
Trustees regularly review, assess and plan for the management of all risks faced by BYMT via the Finance
Committee and Standards & Complian¢e Committee. This is then reviewed by the full board.
BYMT'S financial Statements are audited annually by independent auditors, and the examination of accounts
includes a check of B YMT'S Disclosure and Barring Service ('DBS') records.
Auditor
In accordance with the company's articles, a resolution proposing that Affinia (Orpinglonl be reappointed as auditor
of the company will be pul al a General Meeting.
The Trustees, report was approved by the Board of Trustees.
Richards
Co-chair of Trustees
J Walters
Co-chair of Trustees
Dale..
l/lJ j2F................

BROMLEY YOUTH MUSIC TRUST
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees, who are also the directors of Bromley Youth Music Trust for the purposè of company law, are
responsible for preparing the Trustees, Report and the financial statements in a¢¢ordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the Trust and of thè incoming resources and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these financial statements, the Trustees are required to..
S81ect suitable a(xounting policies and then apply them consistently.,
obs&rve the methods and principles in the Charities SORP;
make judgements and eslimales that are reasonable and prudent;
slate whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the financial slalements., and
prepare the financial stalements on the going Gon￿rn basis unless il is inappropriate to presume that the Trust will
continue in operation.
The TTuslees are responsible for keeping adequate accounting records that disclose with reasonable a¢¢ura¢y al
any lirne the financial p0511ion of the Trust and enable them to ensure that Ihe financial statemenls Comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Trust and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
There is no relevant audit information of which the charitable company's auditors are unaware; and
The trustees have taken all steps that they ought to have to mak8 themselves aware of any relevant audit
information and to establish thal the auditors are aware of that information.
Approved by the Board of Trustees on
and signed on its behalf by..
L Richards
Co-chair of Trustees
Co-chair of Trustees
10-

BROMLEY YOUTH MUSIC TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF BROMLEY YOUTH MUSIC TRUST
Opinion
We have audited the financial statements of Bromley Youth Musio Trust (the 'Trust') for the year ended 31 March
2025 which comprise the statement of financial adivilies, the balance sheet. the slalement of cash flows and notes
to the financial statements. including significant accounting policies. The financial ￿porting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102 The Financial R8POrting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
give a true and fair view of the state of the charitable company's affairs as al 31 March 2025 and of Éts
incoming reSoUr￿S and application of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
and
have been prepared in accordan￿ with the requirements ofthe CompaniesAct 2006.
Basis for oplnlon
We conducted our audit in accyjrdance with Intemalional Standards on Auditing (UK) (ISAS (Ulfj) and applicable
law. Our responsibilities under those standards are further described in Ihe Auditoffs respon&bilities lor the 8udit ol
th9 financial statemgnts section of our report. We are independent of the Trust in accordance wilh the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinicn.
Conclu8ions relating to going concern
In auditing the financial statements, we have concluded that the TNslees' use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
8ased on the work we have performed, we have not idenlified any malerial uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the Trust's ability to continue as a going
conGern for a period of at least ￿e1ve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibiltties of the Trustees with respect lo going concern are described in the
relevant seclions of this report.
Other Informatlon
The other informalion comprises the information included in Ihe annual report other than the financial statements
and our audit¢rf5 report thereon. The Trustees are responsible for the other infomiation contained wilhin the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any form
of assurance conclusion thereon. Our responsibility is to read the olher information and, in doing so, consider
whether the other information is materially inconsistent with the financial statements or our knowledge obtained in
the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsislencles
or apparent malerial misstatements, we are required to determine whether this gives rise lo a material misstatement
in the financial statements themselves. If, based on the work we have performed, we conclude that theie is
material misstatement of this other information, we are required to report that fact.
We have nothing lo report in this regard.
Matters on whlch we are required to report by exception
We have nothing to report in respect of the following fflatters in relation to which the Charities (Accounls and
Reports} Regulations 2008 requires us to report to you if, in our opinion=
the information given in the financial statements is inconsistent in any material respect with the Trustees,
report.. or
sufficienl a¢¢ounling records have not been kept- or
the financial statements are nol in agreement with the accounting records., or
we have not received all the information and explanalions we require for our audit.
11

BROMLEYYOUTH MUSIC TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF BROMLEY YOUTH MUSIC TRUST
Responsibilities of Trustees
As explained more fully in the statement of Trustees, responsibilities, the Trustees, who are also the directors of the
Trust for the purpose of company law. are responsible for the preparation of Ihe financial statemenls and for being
satisfied that they give a true and fair view. and for such internal control as the Trustees detemiine is necessary to
enable the preparation of finan¢ial statements that are free from material misstatement, whether due to fraud or
error. In preparing the financial statements, the Trustees are responsible for assessing the Trust's ability to continue
as a going concem, disclosing, as applicable, matters related to going con￿rn and using the going concern basis of
accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no
realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charilies Act 2011 and report in accordance with the
Acl and relevant regulalions rnade or having effect Ihereunder.
Our objectives are to obtain reasonable assurance about whether the financial slalements 8s a whole aTe free from
material misstatement, whether due to fraud 01 error, and to issue an audilorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but Is not a guarantee Ihal an audil conducted in accordance
with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence
the economic decisions of users lak8n on the basis of these financial statements.
The extent to whlch our procedures are capable of detecting irregularilies, includlng fraud, Is detalled below.
A further des¢ripiion of our responsibilities is available on the Financial Reporting Council's website at.. https:11
www.frG.org.uklauditorsresponsibili1Ses. This description forms part of our auditors report.
This report is rnade solely lo Ihe charity's trustees, as a body, in accordance with Part 4 of Ihe Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state lo the Gharity's trustees
those matters we are required to slate to them in an auditor's report and for no other purpose. To the fullest extenl
permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's
trustees a8 a body. for our audit work, for this report, or for the opinions we have formed,
Loui96 Hallsworth FCA (Senior Statutory Auditor)
For and on behalf of Affinia (Orpington), Statutory Auditor
Chartered Accountants
Lynwood House
Crofton Road
Orpington
BR6 8QE
Dale..
4 December 2025
12-

BROMLEY YOUTH MUSIC TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Current financial year
Unrestrlcled
fund8
2025
Restrlcted
funds
2025
Total
Total
2025
2024
Notes
Income and endowments from:
Donations and legacies
Chaiilable activities
Other trading activilies
Investments
Other income
158,645
76,816
986.297
10,476
3,094
27,249
525,202
185,894
602,018
966,297
10,476
3,094
99,420
536,976
945,418
8,942
3,335
Totsl Income
1,215,328
552,451
1.767,779
1,594,091
Expendlture on:
Charitable activities
1,048,211
553.463
1,601,674
1,656,647
Total expenditure
1,048,211
553,463
1,601,874
1,656,647
Net gainsl(losses) on investments
14
278
278
(1,072)
Net incomellexpenditure) and movement In funds
167,395
{1,012)
166,383
(63,628)
Reconciliation of funds:
Fund balances at 1 April 2024
457,181
108,522
565,703
629,331
Fund balances at 31 March 2025
624,576
107,510
732,086
565,703
The statement of financial activities includes all gains and losses recognised in the year. All income and expendilure
derive from continuing activilies.
13-

BROMLEYYOUTH MUSIC TRUST
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Prlor flnanclal year
Unrestricted
funds
2024
Restrlcted
funds
2024
Total
2024
Notes
Income and endowments from..
Donations and legacies
Charitable activities
Other trading activities
Inveslments
Other income
75,201
450.287
945.418
8.942
3,335
24,219
86,689
99,420
536,976
945.418
8.942
3,335
Total income
1,483,183
110,908
1,594,091
Expenditure on:
Charitable activities
1,543.794
112,853
1,656,647
Totsl expenditure
1,543,794
112,853
1,656,647
Net gainsl<losses) on inv8slmenls
14
{1,0721
<1,0721
Net income and movem•nt in funds
<61.6831
11,945>
163,6281
Reconciliation of funds..
Fund balances 811 April 2023
518.864
110,467
629,331
Fund balances at 31 March 2024
457,181
108,522
585,703
14-

BROMLEY YOUTH MUSIC TRUST
BALANCE SHEET
AS AT31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
Investments
16
17
58,304
9,850
68.094
9,572
68,154
77,666
Current assets
Debtors
Cash at bank and in hand
18
145.157
652,157
150.840
467,202
797,314
618,042
Creditors: amounts falling due within
one year
19
{133.3821
(130,005)
Net current assets
663,932
488,037
Totsl assets less current Itabilities
732,086
565,703
The funds of the Trust
Reslricled income funds
Unreslricled funds
22
23
107.510
624.576
108,522
457.181
732.086
565.703
The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
wilh respect lo accounting reGords and the preparation of financial slalemenls.
The members have not required the company lo obtain an audit of its financial statements under Ihe requirements
of the Companies Act 2006. lor the year in question in accordance wilh section 476.
These financial slaternenls have been prepared in accordance with the provisions applicable lo companies subject
lo the small companies regime.
The financial statements were approved by the Trustees on
L Richards
Co-chair of Trustees
Co-chair of Trustees
Company registration number 2880224 (England and Wales)
15

BROMLEY YOUTH MUSIC TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating activitles
Cash generated from/(absorbed by)
operations
28
182.764
(102.072)
Investing aGtivities
Purchase of tangible fixed assets
Investment income rerKived
(8,285)
1Q,476
(8,194)
8,942
Net cash generated from investing activities
2,191
2.748
Net cash generated from financlng actlvlties
Net increaselldecrease) In cash and cash
equivalents
184.955
199,3241
Cash and cash equivalents at beginning of year
467,202
566,526
Cash and cash equivalents at end of year
852.157
467,202
16-

BROMLEY YOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity information
Bromley Youth Music Trust is a private company limited by guarantee incorporated in England and Wales. The
registered office is Soulhborough Lane, Bromley, Kent, BR2 8AA.
1.1 Basls of preparation
The financial statements have been prepared in accordance wilh the Companies Acl 2006, FRS 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities
SORP "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities
preparing their accounts in ac¢ordan¢e wilh the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS 102)" (effective 1 January 2019). The Trust is a Public Benefit Entity as defined by
FRS 102.
The finanual statements are prepared in slerling, which is the functional currency of the Trust. Monetary
amounts in these financial statements are rounded lo the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accA>unting
policies adopted are sel out below.
1.2 Going concem
At the time of approving the financlal statements. the Trustees have a reasonable expectatlon that the Trust
has 8dequate resources to continue in operational existence for the foreseeable future. Thus the Trustees
continue to adopt the going concern basis of accounting in preparing the financial slalemgnts.
1.3 Charitable funds
Unrestricted funds are available for use al the discretion of th8 Trustees in furtherance of th8ir charitable
objecliv8S.
Restricted funds are subject to specific conditions by donors or grantors as lo how they may be used. The
purposes and uses of th8 restricted funds are set out in the notes lo the financial slatemenls.
1.4 Income
Income is recognised when the Trust is legally entilled lo it after any performance condilions have been mel.
the amounts can be measured reliably, and il is probable Ihal income will be received.
Cash donations are recognised on receipt Other donations are Tecognised once the Trust has been notified of
the donation. unless performance condilions require defe￿al of the amount. Income tax recoverable in relation
lo donations received under Gift Ald or deeds of Covenant Is recognised al the lime of the donalion.
Legacies are recognised on receipt or otherwise if the Trust has been notified of an impending distribution, the
amounl is known, and receipl is expected. If the amount is not known, the legacy is treated as a contingent
assel.
1.5 Expenditure
Expenditure is recognised once there is a legal or constwctive obligation to transfer economic benefit lo a
Ihird party. it is probable that a transfer of economic benefits will be required in seltlement, and the amount of
the obligalion can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activty. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and
supporl costs which are not attributable to a single activity are apportioned be￿een those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of lime spenl, and
depreciation charges are allorAted on the portion of the asset's use.
17-

BROMLEY YOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollcles
(Continued)
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, net of
depreGialion and any impairment losses.
Deprecialion is re¢ognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Musical instnjments
Fixtures, Fittings & Equipment
100/0 straight line
200k straight line
The gain or loss arising on the disposal ofan asset is determined as the difference be￿een the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Flxed asset Investments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditurel for the year. Transaction costs are expensed as incurred.
1.8 Impalnnent of flxed assets
At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether
there is any indication that those assets have suffered an impairment loss. If any such indication exists, the
recoverable amount of Ihe asset is estimated in order to delermlne the exlent of the Impairmenl loss (if any).
1.9 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term Ilquid
investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilit18S.
1.10 Employee bonefits
The cost of any unused holiday enlitlemenl is recognised in the period in which the employee's servi￿S are
Teceived.
Termination benefits are recognised immediately as an expense when the Trust is dernonslrably committed lo
terminate the employment of an employee or to provide lerminalion benefits.
1.11 Retlrement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Critical accounting estimatss and judgements
In the application of the Trust's accounting policies. the Trustees are required to make judgemenls. estimates
and assumptions aboul the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and asso¢iated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting
eslimales are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and fulure periods where Ihe revision affects both current and future
periods.
18-

BROMLEYYOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from donatlons and legacies
Unrestricted Restricted
funds
funds
2025
202S
Total Unrestricted Restrlcted
funds
funds
2024
2024
Total
202S
2024
Donations and gifts
Legacies
Grants
Donated goods and
services
21,041
129,319
21,041
129,319
27,249
19,076
49,931
19,076
49,931
24,219
27,249
24,219
8.285
8,285
6,194
6,194
158,645
27,249
185,894
75,201
24,219
99,420
Income from Gharltsble actlvltles
Unrestricted Restricted
funds
funds
2025
2025
Total Unrestricted Restricted
funds
funds
2024
2024
Totsl
2025
2024
Charltable Income
Grant income
76,818
525,202
602.018
450.287
86,689
536,978
Charitablo
incomg
Charitable
income
2024
2025
Arts Council Funding
TPA Grant
Other granls
451,692
76,816
73,610
450,287
51,451
35.238
(602,018)
1536.976)
Income from other trading activities
Unrestricted Unrestrlcted
funds
funds
2025
2024
Music tuition and related income
966,297
945.418

BROMLEY YOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Income from investments
Unrestricted Unrestricted
funds
funds
2025
2024
Other income
10,476
8,942
Other inGome
Unrestricted Unrestricted
funds
funds
2025
2024
Other income
3,094
3,335
Expendlture on Gharltable actlvltles
Charitsblè
Charltable
expenditure expendlture
2025
2024
Dlrect costs
Staff costs
Depreciation and impalmient
Operational activities- direct
1,081,737
18,075
132,957
1,167.840
20,301
122,322
1.232,7e9
1,310,463
Grant funding of activities (see note 9)
62,680
64.834
Share of support and governance costs Isee note 10
Support
Governance
297,429
8,796
274,770
6,580
1,601,674
1,656,647
Analysis by fund
Unrestricted funds
Restricted funds
1,048,211
553,463
1,543,794
112,853
1,601,674
1,656,647
-20-

BROMLEYYOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Grdnts payable
Charitable
Charitable
expendlture expendlture
2025
2024
Grants to institutions..
Grants and Awards (Young Musicians Fund, Headley Trust)
other
62,680
54,219
10,615
62,680
64.834
10 Support costs allocated to actlvities
2025
2024
Operating lease Charges
Olher support costs
Govemance costs
81,354
216,075
8.796
81.354
193.416
6,580
306.225
281,350
Analysod between..
Charitable expenditure
306,225
281,350
11 Net movemont in funds
2026
2024
The net rnovement in funds is stated after chargingl(crediting):
Fees payable for Ihe audit of the charitys financial slatements
Deprecialion of owned tangible fixed assets
Operating lease charges
8,272
18,075
81,354
5,500
20,301
81,354
12 Trustees
None of the Trustees (or any persons connected with them) received any remuneralion or benefits fiom the
Trust during the year.
13 Employees
The average monthly number of employees during the yearwas=
2025
Number
2024
Number
Teachers and Admin Staff
46
46
21

BROMLEYYOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13 Employees
(Contlnued)
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
827.074
70,013
184,650
939.922
75,914
152,004
1,081.737
1,167.840
The number of employees whose annual remuneration was more than £60,000
is as follows-
2025
Number
2024
Number
£60,001- £70.QOO
Remuneratlon of key management personnel
The remuneralion of key management personnel lotalled £83,201 (2024.. £85,609) for the year.
14 Galn8 and losses on investments
Unrestrlcted Unrestrlcted
funds
funds
2025
2024
Gainsl(lossesl arising on..
Revalualion of investments
278
{1,072)
15 Taxation
The charity is exempt from taxation on Its activities because all its income is applied for charitable purposes.
-22-

BROMLEYYOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Tanglble flxed assets
Musl¢al
Instrumgnts
Flxlurgs,
Flltlngs &
Equlpmont
Total
Cost
At 1 April 2024
Additions
593,924
8,285
193.793
787,717
8,285
At 31 March 2025
802,209
193.793
796,002
Depreclatlon and Impalrment
At 1 April 2024
Depreciation charged in the year
531.661
16,772
187.962
1,303
719.623
18,075
At 31 March 2025
548,433
189,265
737.698
Carrying amount
At 31 March 2025
53,778
4.528
58,304
At 31 March 2024
62,263
5,831
68.094
17 Fixed asset investments
Listed
investments
Cost or valuatlon
At 1 April 2024 & 31 March 2025
9,572
other movements
At 1 April 2024
Revaluation adjuslments
(278)
At 31 March 2025
(278)
Carrying amount
At 31 March 2025
9,850
At 31 March 2024
9,572
Flxed asset inveytments revaluod
The historic cost of the inveslmenls was £8,067.
-23-

BROMLEY YOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Debtors
2025
2024
Amounts falling due wlthln one year:
Trade debtors
Other debtors
Prepaymenls and accrued income
95,640
14,634
34,883
53,303
97,537
145,157
150.840
19 Creditors: amounts falling due wlthln one year
2025
2024
Notes
Other taxation, social securty and pension
Deferred income
Trade creditors
Accruals
37,169
60,366
97
35,750
36,098
,680
20
37,227
133,382
130,005
20 Deferred income
2025
2024
Other deferred income
60,368
56,680
Deferred income is included in the financial statements as follows-
2025
2024
Deferred income is included within..
Current liabilities
60,366
S6,680
Movemènts in the year..
Deferred income at 1 April 2024
Released from previous periods
Resources deferred in Ihe year
56,680
(56,680)
60,3fj6
59,671
(59,8711
56,680
Deferred inGome at 31 March 2025
60,366
,680
21 Retirement benefit schemes
2025
2024
Defined contribution $¢hemes
Charge to profit or loss in respect of defined contribution schemes
15,066
5,365
-24-

BROMLEYYOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
21 Retirement benefit schemes
(Continued}
The Trust operale5 3 defined Contribulion pension s¢heme for all qualifying employees. The assets of the
scheme are held separately from those of the Trust in an independently administered fund.
22 Restrlcted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to speclfic condlllons by donors as to how they may be used.
At 1 April
2024
Incoming
resourGes
Resourc09 At 31 March
expended
2025
8eryl Hartley Memorial Fund
Disadvantag8d Young Fund
Bromley Youth MusicTrusl Network Fund
Young Musicians, Fund
Jack Petchey Foundation
Governmenl Grants
Private Donation (Patrons Grant)
London Music Fund
Headley Trust
ACEISEL Music Hub grant
22,204
810
5,323
22,204
810
5.323
27,249
(27.249)
1,273
1,273
44,098
(44,098)
(1,012)
(9.442)
(20.0001
(451,662)
78,912
77,900
9,442
20,000
451,662
108,522
552,451
1553.463)
107.510
Prevlous year:
At 1 April
2023
Incoming Resources At 31 March
resources
expended
2024
Beryl Hartley Memorlal Fund
Disadvantaged Young Fund
Bromley YoLrth MusicTrusl Network Fund
scopps
Young Muslcians, Fund
Jack Petchey Foundation
Government Grants
Private Donation (Palrons Grant)
London Music Fund
Headley Trust
22,204
810
5,323
22,204
810
5.323
7,222
24,219
(7,222)
(24,219)
1,273
1.273
60,507
(60,507)
(1,945)
(3,960)
(15.000)
80,857
78,912
3,960
15,000
110,467
110,9D8
(112,853)
108,522
-25-

BROMLEY YOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
22 Restricted funds
(Continued
Restricted Funds:
Beryl Hartley Memorial Fund
The Beryl Haruey Memorial Fund was set up in 2002 from a donation which stipulated il was for investment
purposes only. The dividendslproceeds were to be used lo purchase expensive bows for the students.
Disadvantsged Young
Disadvantaged Young Fund is the resldue of an old fund Ihal will be moved over to use in the Young
Musicians. Bursary Scheme.
Bromley Youth Musi¢ Trnst Network
Bromley Youlh Music Trust Network Fund in an old fund that was sel up for the purpose of raising funds for
specific projects that cannot be funded from our normal resources.
Young Muslclans, Fund
Young Musicians" Fund has been set up by Bromley Youth Music Trust to support remission of fees for
families with financial hardship - named the Young Musicians, Bursary.
Jack Petchey Fund
The Jack Pelchey Fund Achievement Award Scheme Tecognises outstanding young people aged 11-25
throughout London and Essex. 11 enables schools and youth organisalion5 to ￿lebrate their young people
and receive funding. This represents residual funding from previous years. We are re-engaging with this
funder in 2025.
ACEISEL Capital Project Grant
This grant is over 2 academic years, 2024-26, to purchase instruments to be used by individuals and in group
settings, such as bands and orchestras.
Private Donation (Patrons Grdnti
This was a donation by a Patron for specific use in promoting boys playing inslrum8nts and taking part in
ensembles.
London Music Fund
This grant is a scholarship fund for specific use to support a 3-year Cycle of funding of orchestrallinstrumenlal
students who show potenllal and are in need offinancial support.
Headley Trust
This grant is specifically to support students who require financial aid and aligned to the Young Musi¢ians'
Bursary scheme.
ACEISEL Music Hub Revenue Grant
This granl was initially direct from ACE to 3YMT and as described in the Trustee's report in now administered
Ihrough SEL Music Education Ltd. This grant is to be used lo fulfil the ambitions of the National Plan for Musi¢
Education as published by the DfE in June 2022. https'.Ilww.gov.U￿goVernrnenvpUb1ICatl0ns/Ihe-pDWer-0I-
music-Io-change-lives-a-national-plan-for-music*ducalion
-26-

BROMLEYYOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
23 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balan￿S of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the truslees for specific purposes.
At 1 April
2024
Incoming
resources
Resources
expended
Galns and At 31 March
losses
2025
Instrument Fund
Instrument Replacement Fund
Maintenance Fund
Patron's Fund
Tour
General funds
84,518
45,000
10.000
117,032
27,553
173,078
84.518
45.000
10.000
138,073
16,700
330,285
21,041
47,444
1,146,843
(58,297)
1989,914>
278
457,181
1,215,328
(1.048,211)
278
624,578
Prevlous year:
At 1 Aprfl
2023
Incoming Resources
resources
expended
Gains and At 31 March
losses
2024
Instrument Fund
Instrument Replacement Fund
Maintenance Fund
Patron's Fund
Tour
General funds
84,518
45,000
10,000
99,798
32,847
246,701
84,518
45,000
10,000
117,032
27,553
173,078
19,076
37,063
1,427,044
(1.8421
(42,3571
{1,499,5951
{1,072)
518.864
1,483,183
{1,543,7941
{1,072)
457.181
24 Analysi$ of net assets between funds
Unrestricted
funds
2025
Restricted
funds
2025
Totsl
2025
At 31 March 2025:
Tangible assets
Investments
Current assetsl(liabililies)
58,304
9,850
39,356
58.304
9.850
663,932
624,576
624,576
107,510
732.086
-27-

BROMLEYYOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
24 Analysis of net assets between funds
(Continued)
Unrestrlcted
funds
2024
Restrfcted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Investments
Current assetsl(li8bilities)
68,094
9,572
30.856
68,094
9,572
488,037
457,181
457,181
108.522
565.703
-28-

BROMLEY YOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
25 Penslon and slmilar obligations
The trust's employees belong to the Teachers, Pension Scheme England and Wales (TPS) for related staff.
The latest actuarial valuation of the TPS related to the period ended 31 March 2020.
There were outstanding contributions at the end of the financial year of £20k (2024.. £17k). Ihis amount is
in¢luded within other creditors.
Teachers, Pènsion Scheme
Introduction
The Teachers, Pension Scheme ITPS) is a statutory, contributory, defined benefit scheme, govemed by Ihe
Teacher5, Pension Scheme Regulations 2014. Membership is automatic for teachers. All tea¢hers have the
option to opt out of the TPS following enrolment.
The TPS is an unfunded s¢heme to which both the member and employer makes contributions. as a
percentage of salary These contributions are crediled to th8 Exchequer. Reliremenl and oth8r pension
benefils are paid by public funds provided by Parliament.
Valuatlon of the Teachers, Penslon Scheme
The Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in
aCc￿rdan￿ with the Public Se￿1￿ Pensions (Valuations and Employer Cost Cap) Directions 2014 published
by HM Treasury every 4 years. The aim oflhe review is lo ensure scheme costs are recognised and managed
appropriately and the review specifies the level of future contributions.
Actuarial scheme valuations are dependent on assumptions about the value of fuluie costs, design of benefits
and many clher factors. The latest actuarial valuation of the TPS was cariied out as at 31 March 2020. The
valuation report was published by the Department for Education on 27 October 2023, with the SCAPE rate,
set by HMT, applying a nolional investmenl return based on 1.711fi above the rale of CPI. The key elements of
the valuation oul¢ome are=
Employer Conlribution rates set at 28.68Y• of pensionable pay (including a 0.080/0 adminislralion levy).
This is an increase of 50A in employer Gonlribulicns and the cost control result is such that no change
in member benefits is needed.
Total scheme liabilities (pensions currently in payment and Ihe èstimated cost of future benefits) for
service to the effective date of £262,000 rnillion and notional assets (eslimated fulure contributions
together wilh the notional inveslmenls held al the valuation date) of £222,200 million, giving a
notional past service deficit of £39,800 million.
The Tesull of this valuation will be implernented from 1 April 2024.The next valuation resull is due lo be
implernented from 1 April 2028.
The ernployerfs pension costs paid to the TPS in the period amounted to £168,319 (2024.. £146,639).
A copy of the valuation report and supporting documenlation is on the Teachers, Pensions website.
Under the definitions sel out in FRS 102, the TPS is an unfunded multi-employer pension scheme. The tiust is
unable to identify its share of the underlying assets and liabilities of the plan. Accordingly, the trust has taken
advantage of the exemplion in FRS 102 and has accounted for its contributions lo the scheme as if il We￿ a
defined contribution scheme. The trust has set out above the information available on the scheme.
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BROMLEY YOUTH MUSIC TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
26 Oporating lease commitments
Le$$ee
At the reporting end date the Trust had outstanding commitmenls for future minimum lease payments under
non-¢an￿lIable operalirbg leases, which fall due as follows-
2025
2024
Within one year
Between hvo and five years
83.406
114.214
82,314
171,392
197,620
253,706
27 Related party transactions
SEL Music Educalion Limited is a related party by virtue of the fact that a Iruslee of Bromley Youth Music Trust
(BYMTI is also a Director of SEL Music Education Limited. During the year BYMT received grant income of
£304,923 (2024 - none) which related to music grant funding from Ihe Arts Council England. There were no
outstanding balances due at the year end.
28 Cash generated froml(absorbed by) operatlons
2025
2024
SurplU￿(derI¢It) for the year
166,383
(63,628)
Adjustments for:
Investment income recognised in slatement of financial activities
Fair value gains and losses on investments
Depreciation and impairfflenl of tangible fixed assets
(10,476)
(278)
18,075
(8,942)
1,072
20,301
Movements in working capital:
Decreasel(increase) in debtors
(Decrease) in creditors
Incie35el{decrease) in defe￿ed income
5,883
(309)
3,686
(29,216>
(18,668)
(2,991 >
Cash generated froml{absorbed by) operatlons
182,764
{102.072}
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