HARROW YOUNG MUSICIANS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
HARROW YOUNG MUSICIANS INDEX TO THE ANNUAL REPORT AND ACCOUNTS YEAR ENDED 31ST AUGUST 2025 Page No. 14 Directors, and Trustees. Report Independent Examiner's Report Sialemenl of Financial Activities Balance Sheet 8-12 Notes lo the Financi81 Slalemenls DIRECTORS AND TRUSTEES: Mr P Aplin Mr D Desmond REGISTERED OFFICE: 1 A North End Road Quainton Buckinghamshire HP22 4BD COMPANY NUMBER: 03333808 CHARITY NUMBER: 1066985 WEBSITE: www.hym.org.uk
HARROW YOUNG MUSICIANS DIRECTORS AND TRUSTEES REPORT YEAR ENDED 31ST AUGUST 2025 The directors and trustees present their annual report together with the accounts of the Charity for the year ended 31 st August 2025. PRINCIPAL ACTIVITY The principal activity of the Charity is to organise musical opporlunilies 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 I'HYM'I has gained an enviable reputation for music-making lo 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 of the Charity. The Iruslees have considered the Charity Commission's general guidance on public benefit in relation lo the aims of the Charity. The report sets out these aims and objectives in relation lo 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 lo, the Memorandum and Articles of Association. The Directors and Trustees that held office during the period of the accounts and lo the dale the accounts were signed are'.- Mrs M Abboll Mr L Davies Mr P Aplin Mr D Desmond Mr K Ferry Director Dire¢lor Director, Treasurer Oireclor, Chair Director Trustee (resigned 3 March 20261 Trustee Iresigned 31 July 20251 Trustee Trustee Trustee (resigned 31 July 20251
HARROW YOUNG MUSICIANS DIRECTORS AND TRUSTEES REPORT YEAR ENDED 31ST AUGUST 2025 OBJECTIVES The Charity's Objects are lo 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 obieclive lo 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 il previously reeeived from the London Borough of Harrow. Income is now exclusively covered by fèes paid by members and volun12ry donations. This pays for specialist music staff to lead weekly rehearsals and running costs of the organisalion. PROJECTS AND ACTIVITIES All individual groups perform in public concerts. In July 2025 a lour lo Paris was organised which allowed the Philharmonic Orchestra lo perform in stunning venues and also deepen connections and strengthen friendships. SERVICES In addition to providing the opportunity for children lo improve their musical abilities, there is an indirect pastoral Care benefit for the members of HYM This pastoral care allows the children lo develop in a positive environment, encouraging good behaviour and allowing their individual personalities lo grow and mature. ACHIEVEMENTS HYM concerts are notable for the excellent reception that greets the end of most of ils performances. 11 offers a shared experience for the family with children performing lo local dignitaries and their parents and other family members. VOLUNTEER CONTRIBUTIONS HYM is reliant on volunteer contributions principally from parents, Iruslees and former students who contribute lime and energy in helping HYM successfully stage concerts as well as assisting in the day-lo-day operation of the charity.
HARROW YOUNG MUSICIANS DIRECTORS AND TRUSTEES REPORT YEAR ENDED 31ST AUGUST 2025 REVIEW OF THE YEAR The year ended 31 sl August 2025 FINANCIAL REVIEW OF THE YEAR The 8ccounls have been prepared in accordance with the accounting policies sel out in note 110 the accounts nd 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 IFRS 1021 and the Slalemenl of Recommended Pr8clice 'Accounling and Reporting by Charities 2nd edition, effective January 2019. The nel expenditure for the year was £18412024.. nel income £1,666). HYM was able lo maintain a surplus on the day-lo-day running of the charity and used this surplus lo support a lour lo Paris in July 2025 which made a loss of£4,214. The financial slalemenls show a nel reserves position of £46,195 with all funds being unreslricled. These reserves will enable HYM lo continue lo offer music services lo young people for the foreseeable future. FUTURE DEVELOPMENTS HYM moved into new premises in September 2024 and has maintained a small surplus in the current ye8r from day-lo-day aclivilies. HYM is expected lo continue to operate at a similar level lo the current year with the opportunity for further growth in the future years and the potential for a further lour in summer 2027. MANAGEMENT POLICIES The principal financial management policies are.. Sel a fair and realistic fee lo charge the children that allend HYM Sel a fair and affordable price for entry lo the concerts Set and agree affordable rates of pay lo engage musicians lo direct the rehearsals and concerts Sellle promptly invoices received and other costs. E.g Hire of premises and purchase of music The financial objective is lo break even or incur a small delicil or surplus and lo not relain excessive reserves Other management policies.. Meet responsibilities in terms of safe-guarding 8nd child protection and child care Address complaints and whistle blowing Formulate anti bullying policies
HARROW YOUNG MUSICIANS DIRECTORS AND TRUSTEES REPORT YEAR ENDED 31ST AUGUST 2025 TRUSTEES, RESPONSIBILITIES Company law requires the Trustees lo prepare financial statements tor each financial year which give a true and fair view of the slate of the affairs of the charitable company 8s al the balance sheet d81e, and of ils incoming resources and application of resources, including income and expenditure for the financial year. In preparing those financial slalemenls, the Trustees should follow best practice and.. Select sui18ble accounting policies and then apply them consislenlly Make judgements and eslimales that are reason3ble and prudent. and Prepare the financial slalemenls on the going concern basis unless il Is inappropriate lo assume that the company will continue on that basis. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy 81 any lime the financial position of the charitable company and to enable them lo ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets ol the chari18ble company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trusteès have al all limes complied with the duly irTr section 4 of the 2006 Charities Act lo have due regard lo guidance published by the Charity Commission, including public benefit guidance. The Company is one limited by guarantee and not having a share capital. Approval In preparing this report, the direclois 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 14 July 2026 and signed on ils behalf. By Order ofthe Board Peter Aplin.. Director and Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HARROW YOUNG MUSICIANS I report to th? trustee3 (who are also Directors for th8 purpose of c(*npany lawl on my examlnallon ol the fin8nclal statements ol Harrow Young Musicians I'lhe charitable company'l for the y¢ar ended 31 August 2025 whlGh cornprlsé the Slal8menl ol Flnanclil Acllvllies, th8 Balance Sheet and related notes. Thls report Is made Solely lo the charity's Iru5188s, as a body, In accordance wllh BeGlion 145 01 th6 Charllltss Act 2011. My work has been undert8ken 50 that I mlghl state lo the charlly's Iruslees those mall8r8 l arn requlred to slate lo them in Ihls report and for no other purpose. To the lullesl exlenl permitted by law, I do not accept or 88sumg responslblllty to anyont other than the charity and th6 chadty'8 Iruslees as a body, for my work, lor Ihls report, or for th8 DplnlDns I h8ve formed, ReBpollglbllltles and ba816 of rgport A5 the Iruslees ol charitablè Company you are responsible for th& preparallon ol Iht flrTraTrGlal statements In accordance wllh the requirements of the Companlas Ael 2006 {'the 2006 Acl'l. Having sallslled myself that the linanclal slalemen18 of the charllable company are not requlred lo audlled under Part 16 ollheAcl and are eligible forlndep8ndenl examlnalion. I report in re5peclof my examln81ion of the charllabla company's nnanclal slalemenlB carrlecf out undgr Section 145 of the Charllles Act 2011 I'lhe 2011 Acl'} and in ¢arrying out my examinallon I have folbwad all the applicable Diraclions given by the Charity Commission under section 14616llbl of the 2011 Act. An Independent examlnallon does not Involve galherlng all the evldence that would be requirod in 8n audit and consequently does not cover all thè mallers th81 an audllof con81ders In glving Ihelr oplr)lon on the financlal stalemenls. The plannlng and conduct ol an audit goes beyond the Ilmlled assur8n¢e that an independent examination can provide. Consequently l express no oplnlon as lo whether the financlal slalerT]enls pr9Sgnl a 'lrue and f8ir' view 8nd rny report18 limllgd lo those speclfic rnalt8rs sel out in the Independent examlnels 8lalemenl. Independont examlner'g 8tot8mont I have completed my &xamlnalion. I confirm Ih81 no malerlol maller8 have corne lo my allenllon In ¢onnoclion wllh the examinallon glvlng me cguso lo beli6vÉ that in any material respeol..
accounting records wore not kept In respect of the charllable company as required by section 388 of the 2006 Act,. or the flnanclal Slalomenls do not aocord with Ih08e records,. or the financlal 8talem8n15 do not coinply with th8 accounting requlremenls of secllon 396 of the 2006 Act olh$r than any Tequlremenl that the financial slalements give a 'lrue and fair vlaw whl¢h Is not a maller consld8rgd 88 part ol an indèpendent examinallon., or the financial stslemenls have not been prepared in accordanca wllh thè m8lhods 8nd prfnclple8 of the Slalemenl of Recommended Pracll¢e lor accounllng and reporting by charities appllcable lo charilig$ pr8parlng Ihelr accoun15 in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other mallers In connection with Ihe examlnalior> lo whlch attention Bhould b8 drawn In this report In order lo enabla a proper undèrslandlng of the linanclal 8talemgnl8 lo be reached. 14 luly2026 Raymond Bernsteln FCA l-count Llmlted Desbox Unlt 245 East Rlchardson Street Hlgh Wycombe Buckln8hamshlré HPII 2NP
HARROW YOUNG MUSICIANS STATEMENT OF FINANCIAL ACTIVITIES INCLUDING AN INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31ST AUGUST 2025 Note Unrestricted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Income and endowments from.. Donations and legacies Charitable activities Investments Total Income 16,078 33,787 424 50,289 16,078 57,447 424 73,949 15,403 31,208 447 47,058 23,660 23,660 Expenditure on: Charitable activities Total Expenditure 46,259 46,259 27,874 27,874 74,133 74,133 45,392 45,392 Net IncomellExpenditurel 4,030 4.214 184 1.666 Transfer betweerl funds Net movement in funds 4.214 4,214 Reconclllation of funds: Brought forward Carrled forward 46.379 46,379 44,713 46,379 The notes on pages 8 10 12 form an integral parl of these financial slatemenls.
HARROW YOUNG MUSICIANS BALANCE SHEET AS AT 31ST AUGUST 2025 Note 2025 2025 2024 2024 Current Assets: Debtors Cash at bank and in hand 16,479 32,913 10,617 40,878 51,495 Creditors: Amounts falling due wlthln one year 10 13,1971 15,1161 Total net Assets 46,195 46,379 Accumulated funds.. Unreslricled income funds Reslricled income funds 12 12 46,195 46,379 Total funds 46,195 46,379 The directors and Iruslees consider that the company is enlilled lo exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 1.the Act") and no notice requiring an audit has been deposited under section 476 of the Act. The directors and Iruslees acknowledge their responsibilities lor complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable lo Companies subject lo the small companies regime. Under the Companies Act 2006, on a voluntary basis, the Iruslees can amend the financial slalemenls if they subsequently prove lo be defective. The lin8ncial slalemenls were approved by the Board on 14 July 2026 and signed on ils behalf. Peter Aplin: Director and Trusteg Company number.. 03333808 Charity number.. 1066985 The notes on pages 8 10 12 form an integral parl of these financi81 slatemenls.
HARROW YOUNG MUSICIANS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 1. ACCOUNTING POLICIES The principal accounting policies are summarised below. The accounting policies have been applied consislenlly throughout the year and in the preceding year. 1.1 Basis of accounting The financial slalemenls have been prepared lal under the historic81 cost convention with items recognised al cost or transaction value unless otherwise slated in the relevant notes lo these accounts.. and Ibl in accordance with the Companies Act 2006, the Financial Reporting Standard applicable in the UK and RepLJblic of Ireland IFRS 1021, and Accounting and Reporting by Charities.. Slalemenl of Recommended Practice ISORP 2nd edition effective January 20191 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. They also include the results of the charity's operations which are described in the Directors. and Trustèes, Report, all of which are continuing. HYM meets the definition of a public benefit enlily under FRS 102. 1.2 Fund Accounting Unrestricted funds are available for use at the discretion of the Iruslees in furtherance of the general objectives of the ch81ity. Restricted funds are subjected lo restrictions on their expenditure imposed by the donor or through the terms of an appeal. 1.3 Incomlng Resources Income from the company's variou5 sources is shown gross with the associated costs included under'Resources Expended,. Unless olhefwise slated, all grants, whether capital or revenue, are 8ccounled 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 lo amounts re1vable under the Coronavirus Job Retention Scheme and is recognised on an accrual basis and is recognised in the ssme period as the related salary costs for which the grant Is intended lo compensate. 1.5 Expenditure Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as parl ol the expenditure lo which il relates.. Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and services for ils benefi¢i8ries. 11 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 conslilulional and stalulory requirements of the charity.
HARROW YOUNG MUSICIANS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 1. ACCOUNTING POLICIES Icontinuedl 1.6 Going concern The financial statements have been prepared on a going concern basis. The Iruslees believe that despite the ongoing losses in the current year the company has enough reserves for at least 12 months from the signing date of these accounts. 1.7 Debtors Debtors are recognised al selllemenl value. 1.8 Liabilitie5 Liabilities are recognised when there is an obligation at the balance sheet dale as a result of past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be reliably eslimaled. Liabilib'es are recognised al the amount that the charity anlicipales il will pay lo settle the debt. 1.9 Taxation The company is not liable lo laxalion being a registered charity. 1.10 Financial Instruments The company has financial assets and liabilities of a kind that qualify as basic financial inslrumenls. These are initially recognised al transaction value and are then measured al amorlised cost. Fin8nci81 assets held al 8mortised Cost comprise cash al bank and debtors. Financial liabilities held al amorlised cost are creditors (including 8ccrualsl. 1.11 Judgements Preparation of financial slalemenls requires management lo make judgements, eslimales and assumptions that affecl the amounts reported as assets and Iiabililies al the balance sheet dale 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 slalements. 2. VOLUNTARY INCOME 2025 2024 Donations Gift Aid lax refund 10,227 5,851 9,903 5,500 Total voluntary income 16.078 15,403 All voluntary income received in in the current and prior year was unrestricted.
HARROW YOUNG MUSICIANS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 3. INCOME FROM CHARITABLE ACTIVITIES Unrestrlcted Restricted Funds Funds 2025 2025 Total Funds 2025 Total Funds 2024 Membership fees Tour 33,787 33,787 23,660 31,208 23,660 Total income from charitable activities 33,787 23,660 57,447 31,208 All income from charitable activities received in in the prior year was unrestricted. 4. TOTAL RESOURCES EXPENDED Charitable Governance expenditure 2025 Total expenditure 2025 Total expenditure 2024 2025 Costs directly allocated to activities Conductors, lulors and admin fees Music costs Costs for lour Ireslricledl Concert costs 33,493 33,493 34.297 1,633 27,874 2,591 65.591 1,633 27,874 2,591 65,591 1,161 2,736 38,194 Support costs allocated to activities Premise costs Insurance Independent examiners Miscellaneous Bank Charges 8.336 492 8,336 492 250 15751 39 8,542 6,323 840 250 13291 114 7,198 45,392 250 15751 39 8,292 73,883 250 250 Total resources expended io
HARROW YOUNG MUSICIANS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2025 5. OPERATING SURPLUSIDEFICIT This is slated after charging 2025 2024 Employee costs (see note 61 Independent Examination fee 250 250 Total 250 250 6. ANALYSIS OF STAFF COSTS AND DIRECTOR REMUNERATION AND EXPENSES There were no employees in receipt of emoluments greater than £60,000 12024 - Nill. Average number of staff during the ye8r was nil'.12024.' nil) 7. RELATED PARTY TRANSACTIONS There were no Iruslees and directors reimbursed for expenses during the year12024'. Nill. 8. INVESTMENT INCOME 2025 2024 UK Bank interest - gross 424 447 Total 424 447 9. DEBTORS 2025 2024 Gift Aid 18x refund Prepayments 16,028 451 10,177 440 Total 16.479 10,617 li
HARROW YOUNG MUSICIANS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31ST AUGUST 2025 10. CREDITORS FALLING DUE WITHIN ONE YEAR 2025 2024 Taxation and social security Other creditors Accruals Inole 111 1,250 1,000 2,866 1,000 3,197 Total 4,197 5.116 11. ACCRUALS 2025 2024 Independent examination Premises costs Other costs Tour costs 500 750 2.107 1,697 Total 3,197 2,866 12. MOVEMENTS IN FUNDS 1$1 September 2024 Ineoming Outgoing Transfers resources resources 31$1 August 2025 Reslricled Funds Tour 23,660 127,8741 4,214 23,660 127,8741 4.214 Unrestricted Funds General funds 46,379 50,289 146,2591 14,2141 46,195 46,379 50,289 146,2591 14,2141 46,195 Total Funds 46,379 73,949 174,1331 46,195 12