HARROW YOUNG MUSICIANS
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

HARROW YOUNG MUSICIANS
INDEX TO THE ANNUAL REPORT AND ACCOUNTS
YEAR ENDED 31ST AUGUST 2024
Page No.
14
Directors. and Trustees, Report
Independenl Examiner's Report
Statement of Financial Activities
Balance Sheet
8-12 Notes to the Financial Statements
DIRECTORS AND TRUSTEES:
Mr K Ferry
Mr P Aplin
Mrs M Abbott
Mr L Davies
Mr D Desmond
REGISTERED OFFICE:
1A North End Road
Quainton
Buckinghamshire
HP22 4BD
COMPANY NUMBER:
033338a8
CHARITY NUMBER".
1066985
WEBSITE:
www.hym.org.uk

HARROW YOUNG MUSICIANS
DIRECTORS AND TRUSTEES REPORT
YEAR ENDED 31ST AUGUST 2024
The directors and trustees present their annual report together with the accounts of the Charity for the year
ended 31 st August 2024.
PRINCIPAL ACTIVITY
The principal activity of the Charity is to organise musical opportunities for young people who live in and around
the Borough of Harrow. This involves weekly term lime rehearsals and regular public concerts.
Harrow Young Musicians {'HYM') has gained an enviable reputation for music-making to a high level in a
lively and friendly atmosphere.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is a Company limited by guarantee, governed by its Memorandum and Articles of Association.
GOVERNANCE
The board sel strategic objectives and ensured effective controls were in place for the management ofthe
Charity. The trustees have considered the Charity Commission's general guidance on public benefit in
relation to the aims of the Charity. The report sets out these aims and objectives in relation to the advance of
music education and describes how they have been met in the current year.
DIRECTORS AND TRUSTEES
HYM is managed by a committee comprising volunteers.
HYM is run and managed in compliance with, and according to, the Memorandum and Articles of
Association.
The Directors and Trustees that held office during the period of the accounls and to the date the accounts
were signed are'.-
Mrs M Abbott
Mr L Davies
Mr P Aplin
Mr D Desmond
Mr K Ferry
Direclor
Director
Director, Treasurer
Director, Chair
Director, Vice Chair
Trustee
Trustee
Trustee
Trustee
Trustee

HARROW YOUNG MUSICIANS
DIRECTORS AND TRUSTEES REPORT
YEAR ENDED 31ST AUGUST 2024
OBJECTIVES
The Charity's Objects are to advance public education in all aspects of music and in particular children and
young people living in Harrow, Greater London. In addition, HYM have an objective to develop and improve
children's behaviour, confidence and self-esteem through the experience of music in large groups.
FUNDING
HYM no longer receives the grant it previously received from the London Borough of Harrow. Income is now
exclusively covered by fees paid by members and voluntary donations. This pays for specialisl music staff to
lead weekly rehearsals and running costs of the organisation.
HYM presents public concerts and receives income for these from tiGket sales. This income offsets the cost of
concert hall rental, and music and instrument hire.
PROJECTS AND ACTIVITIES
All individual groups perform in public concerts. There are larger concerts when groups perform together
including in the last four years: Harrow Speech Room. St. John Smith's Square, LSO St Luke's and St Marks
Basilica, Venice.
SERVICES
In addition to providing the opportunity for children to improve their musical abilities, there is an indirect pastoral
care benefit for the members of HYM. This pastoral care allows the children to develop in a positive
environment, encouraging good behaviour and allowng their individual personalities to grow and mature.
ACHIEVEMENTS
HYM concerts are notable for the excellent reception that greets the end of most of its performances. It offers
a shared experience for the family with children performing to local dignitaries and their parents and other
family members.
VOLUNTEER CONTRIBUTIONS
HYM is reliant on volunteer contributions principally from parents. trustees and former students who
contribute time and energy in helping HYM successfully stage concerts as well as assisting in the day-to-day
operation of the charity.

HARROW YOUNG MUSICIANS
DIRECTORS AND TRUSTEES REPORT
YEAR ENDED 31ST AUGUST 2024
REVIEW OF THE YEAR
The year ended 31st August 2024
FINANCIAL REVIEW OF THE YEAR
The accounts have been prepared in accordance with the accounting policies sel out in note 110 the accounts
and comply with the company's Memorandum and Articles of Association, the Companies Act 2006, the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} and the Statement of
Recommended Practice 'Accounting and Reporting by Charities 2nd edition, effective January 2019.
The net income for the year was £1,666 (2023= £3,662). HYM was able to maintain a small surplus in the
current year with increases in fees and donations offset by increased running costs.
The financial statements show a net reserves position of £46,379 with all funds being unreslricled. These
reserves will enable HYM to continue to offer music services to young people for the foreseeable future.
FUTURE DEVELOPMENTS
HYM moved into new premises in September 2023 and has maintained a small surplus in the current year.
HYM is expected to continue to operate at a similar level to the current year with the opportLAnity for further
growth in the future years.
MANAGEMENT POLICIES
The principal financial management policies are..
Set a fair and realistic fee to charge the children that attend HYM
Set a fair and affordable price for entry to the concerts
Sel and agree affordable rates of pay to engage musicians to direct the rehearsals and
concerts
Settle promptly invoices received and other costs. E.g. Hire of premises and purchase
of musi¢
The financial objective is to break even or incur a small deficit or surplus and to not retain
excessive reserves
other management policies..
Meet responsibilities in terms of safe-guarding and child protection and child care
Address complaints and whistle blowing
Formulate anti bullying poliGies

HARROW YOUNG MUSICIANS
DIRECTORS AND TRUSTEES REPORT
YEAR ENDED 31ST AUGUST 2024
TRUSTEES, RESPONSIBILITIES
Company law requires the Trustees to prepare financial statements for each financial year which give a true
and fair view of the state of the affairs of the charitable company as at the balance sheet dale, and of its
incoming resources and application of resources, including income and expenditure for the financial year. In
preparing those financial statements, the Trustees should follow best practice and..
Select suitable accounting policies and then apply Ihem consistently
Make judgements and estimates that are reasonable and prudent, and
Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the
company wll continue on that basis.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charitable company and lo enable them to ensure that the
financial statements comply with the Companies Act 2006. The Trustees are also responsible for
safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
The Trustees have at all times complied with the duty in section 4 of the 2006 Charities Acl to have due
regard lo guidance published by the Charily Commission, including public benefit guidance.
The Company is one limited by guarantee and not having a share capital.
Approval
In preparing this report, the directors and trustees have taken advantage of the small companies exemptions
provided by section 415A of the Companies Act 2006.
This report was approved by the Board on 30 July 2025 and signed on its behalf.
By Order of the Board
Peter Aplin: Director and Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HARROW YOUNG MUSICIANS
I report to the trustees (who are 81so Directors for the purpose of company law) on my examination of the financial
slatemenls of Harrow Young Musicians I'the charitable company,) for the year ended 31 August 2024 which
comprise the Statement of Financlal kntiviti'es, the Balance Sheet and related notes.
Thls report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act
2011. My work has been undertaken so that I might state to the charity's trustees those matters l am requifed to
slate to them In this report and for no other purpose. To the fullest extent permitted by law, I do not accept or
assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work. for thls
report, or for the opinions I have formed.
Re8pon8ibilltles and basls of report
As the trustees of charttsble company you are responsible for the preparation of the financial ststement$ in
accordance with the requirements of the Companies Act 2006 {'the 2006 Acl'}.
Having satisfied myself that the financial statements of the charitable company are not required to be au(lited untjer
Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable
company's financial statements carried out under section 145 of the Charities Act 2011 I'the 2011 Act,) and In
c4rrying out my examlnation I have followed all the applicable Directions grven by the Charity Commission under
section 145{5)Ib) of the 2011 Act.
An independent examination does not involve gathering all the eviden¢e that would be required in an audit and
consequently does not cover all the matters thal an auditor considers in grving their oplnlon on the financial
Ststemenls. The planning and Conduct of an audii goes beyond the limited assurance that an independenl
examination can provide. Consequenuy l express no opinion as to whether the financial statements present a 'lrue
and fairf vlew and my report is limited to those specific matters set out in the independent examiner's statement.
Indgpendent èxamlnerfs statement
I have completed my examination. I confimi that no material matters have come to my attention in connection with
the examination giving me cause to believe that in any material respect
> accounting records were not kept in ￿speCt of the Charilable company as requlred by section 386 of the
2006 A¢( or
> the financlal statements do not accord with those records., or
> the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the financial statements give a 'true and fair vlew which is not a matter
considered as part of an independent examination: or
> the finan¢lal statements hav6 not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of I￿land (FRS 102).
I have no concems and have come across no other matters in connection wtth the examination to which attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
30July 2025
Raymond Bernstein FCA
i.Count Llmlted
Desbox Unit 245
East Richardson Street
High Wycombe
Bucklnghamshlre
HPII 2NP

HARROW YOUNG MUSICIANS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING AN INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31ST AUGUST 2024
Note
2024
2023
Income and endowments from".
Donations and legacies
Charitable activities
Investments
Total Income
15,403
31.208
447
47,058
14,068
29,754
186
44,008
Expenditure on:
Charitable activities
Total Expenditure
45,392
45,392
40,346
40.346
Net Incomel{Expenditure)
1,666
3,662
Reconciliation of funds:
Brought forward
Carried forward
44,713
46,379
41.051
44,713
The notes on pages 8 to 12 form an inlegral part of these financial statements.

HARROW YOUNG MUSICIANS
BALANCE SHEET AS AT 31ST AUGUST 2024
Note
2024
2024
2023
2023
Current Assets:
Debtors
Cash at bank and in hand
10,617
40,878
11.105
37,807
51,495
48,912
Creditors: Amounts falling due within
one year
10
(5,116)
(4,199)
Total net Assets
46,379
44,713
Accumulated funds:
Unrestricted income funds
12
46,379
44.713
Total funds
46,379
44,713
The directors and trustees consider that the company is entitled to exemption from the requirement to have an
audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and no notice
requiring an audit has been deposited under section 476 of the Act. The directors and trustees acknowledge
their responsibilities for complying with the requirements of the Act with respe¢t to accounting records and for
the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subjecl to the
small companies regime.
Under the Companies Act 2006. on a voluntary basis, the trustees can amend the financial statements if they
subsequently prove to be defective.
The financial statements were approved by the Board on 30 July 2025 and signed on its behalf.
Pete
plin: Director and Trustee
Company number.. 03333808
Charity number.. 1066985
The notes on pages 8 to 12 form an integral part of these financial statements.

HARROW YOUNG MUSICIANS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024
1. ACCOUNTING POLICIES
The principal accounting policies are summarised below. The accounting poli¢ies have been
applied consistently throughout the year and in the preceding year.
1.1 Basis of accounting
The financial statements have been prepared {a) under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts..
and Ibl in accordance with the Companies Act 2006, the Financial Reporting Standard applicable in the
UK and Republic of Ireland IFRS 102). and Accounting and Reporting by Charities.. Statement of
Recommended Practice ISORP 2nd edition effective January 2019) applicable lo charities preparing their
accounts in acGordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102).
They also include the results of the charity's operations which are described in Ihe Directors,
and Trustees. Report, all of which are continuing.
HYM meets the definition of a public benefit entity under FRS 102.
1.2 Fund Accounting
Unre51ricted funds are available for use at the discretion of the trustees in furtherance of the
general obje¢tives of the charity.
Reslricled funds are subjected to restrictions on their expenditure imposed by the donor or
through the terms of an appeal.
1.3 Incoming Resources
Income from the company's various sources is shown gross with the associated costs
included under'Resources Expended,.
Unless otherwise staled, all grants, whether capital or revenue, are accounted for in the
period in which they are receivable. No permanent endowments have been
received in the year.
1.4 Government grant income
Government grant income relates to amounts receivable under the Coronavirus Job
Retention Scheme and is recognised on an accrual basis and is recognised in the same
period as the related salary Costs for which the grant is intended to compensate.
1.5 Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure
includes any VAT which Gannot be fully recovered, and is reported as part ofthe
expenditure to which it relates..
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and services for ils beneficiaries. It includes both costs that can be allocated directly
and costs of an indirect nature to support them.
Governance costs include those costs associated with meeting the constilulional and
slalutory requirements of the charity-

HARROW YOUNG MUSICIANS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024
1. ACCOUNTING POLICIES (Continued)
1.6 Going concern
The financial slalements have been prepared on a going concern basis. The trustees believe Ihal
despite the ongoing losses in the current year the company has enough reserves for al least 12
months from the signing date of these accounts.
1.7 Debtors
Debtors are recognised at settlement value.
1.8 Liabilities
Liabilities are recognised when there is an obligation at the balance sheet date as a result of past evenl, it is
probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can
be reliably estimated. Liabilities are recognised at the amount that the charity anticipates it will pay lo settle the
debt.
1.9 Taxation
The company is not liable to taxation being a registered charity.
1.10 Financial Instruments
The company has financial assets and liabilities of a kind that qualify as basic financial instruments. These are
initially recognised al transaction value and are then measured at amortised cost. Financial assets held at
amortised cost comprise cash at bank and debtors. Financial liabilities held at amortised cost are creditors
(including accruals).
1.11 Judgements
Preparation offinancial statements requires management to make judgements, estimates and assumptions that
affect the amounts reported as assets and liabilities at the balance sheet date and the amounts reported as
revenues and expenses during the year. Actual outcomes could differ from those estimates. No judgements
made have had a significant effect on the amounts recognised in the financial statements.
2. VOLUNTARY INCOME
2024
2023
Donations
Gift Aid tax refund
9,903
5,500
8,568
5,500
Total voluntary income
15,403
14,068
All voluntary income received in in the currenl and prior year was unrestricted.

HARROW YOUNG MUSICIANS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024
3. INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Membership fees
31,208
29,754
Total voluntary income
31,208
29.754
All income from charitable activities received in in the current and prior year was unrestricted.
4. TOTAL RESOURCES EXPENDED
Charitable Governance
expenditure
2024
Total
Total
expenditure expenditure
2024
2023
2024
Costs directly allocated to
activities
Conductors, tutors and admin
fees
Music costs
Concert costs
34,297
34,297
29,884
1.161
2,736
38,194
1,161
2,736
38,194
268
1,130
31,282
Support Gosts allocated to
activities
Premise costs
Insurance
Independent examiners
Accounting sofiware costs
Miscellaneous
Bank Charges
6,323
840
6.323
840
250
7,500
861
500
370
(3011
134
9,064
40,346
250
(329)
114
6,948
45,142
(329)
114
7,198
45,392
250
250
Total resources expended
io

HARROW YOUNG MUSICIANS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
5. OPERATING SURPLUSIDEFICIT
This is staled after charging
2024
2023
Employee costs (see note 6)
Independent Examination fee
250
500
Total
250
500
6. ANALYSIS OF STAFF COSTS AND DIRECTOR REMUNERATION AND EXPENSES
There were no employees in receipt of emolumenls greater than £60,000 (2023 - Nil).
Average number of staff during the year was nil.. {2023. nil)
7. RELATED PARTY TRANSACTIONS
There were no trustees and directors reimbursed for expenses during the year (2023.. Nil).
8. INVESTMENT INCOME
2024
2023
UK Bank interest- gross
447
186
Total
447
186
li

HARROW YOUNG MUSICIANS
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST AUGUST 2024
9. DEBTORS
2024
2023
Gift Aid tax refund
Prepayments
10,305
800
10,305
800
Total
11,105
11,105
10. CREDITORS FALLING DUE WITHIN ONE YEAR
2024
2023
Taxation and social security
other creditors
Accruals (note 11)
1,250
1,000
2,866
2,609
831
759
Total
5,116
4,199
11. ACCRUALS
2024
2023
Independent examination
Premises costs
Other costs
750
2,107
750
Total
2.866
759
12. MOVEMENTS IN FUNDS
sl
1 September
2023
Incoming Outgoing Transfers
resources resources
St
31 August
2024
Unrestricted Funds
General funds
44,713
47,059
(45.392)
46,379
44.713
47,059
(45,392)
46,379
Total Funds
44,713
47,059
{45,392)
46,379
12