Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
YOUTH
MUSIC
Company no. 03750674
Charity no. 1075032
The National Foundation for Youth Muslc
Report and Financial Statements
31 March 2022

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NAIIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Contents
Page
PART ONE
Reference and administratlve details
Chair and CEO Introductlon
Objectives and Activtlies
Future Plans
18
PART TWO- Governal￿e and A¢¢ounts
Report of the TNstees
20
Statement of Trustees, responsibilitiès
26
Independ8nt auditor's report
28
Slatement of financial activities
33
Balance sheet
statement of cash flows
35
Notes to the accounts
38

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOiITH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Report of the Trustees
For the Year Ended 31 March 2022
PART ONE
Reffrrence and admlnlstratlve details
The Truslees, who are also DirectoFB for the purposes of Company law, who served during the year
and up to the date of signing were..
YolanDa Brown- Chair
Rachel Nelken
Rachel Lindley
Sam Ross
Robert (Freddie) Atken
Sophia Hall
Chris Price- Resigned 07112121
Tim Berg- Resigned 1619121
Nathlfa Jordan - appointed 1715121
Sam Denniston - appointed 1715121
Miri Buac- appointed 1715121
All TrusteeSlDirectc￿S are non-exe¢utive and are not remunerated for seNices rendered to Youth
Music.
Reglstered offiee
Studio LG01, The Print Rooms
164-180 Union Street
London SE1 OLH
harlfy reglstratlon number
1075032
Company registratlon number
03750674
Professional athiisors
External Audltor
Haysmacintyre LLP, 10 Queen Street PlaeE, Lond¢Jn, EC4R 1AG
Chartered Accountants
JS2, On8 Crovm Square, Church Street Easl, Woking, GU216HR
Bankers
Lloyds TSB, 344 Gray's Inn Road, London
Coutts. 440 Strand. London WC2R OQS
Laga and adminlstrative detalls
The registered name of the charity is The National Foundation for Youth Music. The charity wa5
tncorpor2ted as a company limited by guarantee on 8 April 1999. The charity is govemed by thè
provisions of its Memorandum and Articles of Associalion.

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Repth* of the Trustee$
For the Year Ended 31 March 2022
Chair and CEO Intro
The turbulenc8 of the last two years shows no sign of abating. Th& global pandemic has been
followed up by a trilogy of other threats: war, climate change and cost of living crisis. Al of which
directly impact on th8 lives of young people. And those facin9 barriers In their lives are
disprcportionately impacted. For many children, youThJ people and their faMil￿e5, music remained a
consistent lrfeline. And projects have needed Youth Music's support more than ever.
We've acted re5pon8ively to ensure that young people Can continu8 making, leaming and eaming
in music, across the UK. Thanks to our role as a delegated distributor of National Lottery funds we
receive via Arts Council England, and investment from People's Postcod8 Lottery, we've b8en able
to bring positive impact to more young people by reaching new areas geographically and opening
up to a wider breadth of applicants. The scale of our work has also increased, with applications up
by more than ontrthird.
We had five organlsational objectives in 2021-2022, designed to achieve our four slrategic pillars
(Effective Operations, Lead in Diversifying, Build Brand and Secure Income).
Consolidate Initlallves and Embed Processes
W8 worked with wnsultants at DOT PROJECT to conduct a digital review, resulting in
several strategic recommendations leading to our refreshing our structure & capacty.
working practices. arKI use of digital tools-. and committing to implementing a strategy to
ensure our infrastructure and team are frt for purpose.
In¢rea$e Brand Value
We refined our visual identity, brand positionlng and communications strategy, adapting our
marketing to a campaign-led approach. We increased awareness arnongst influential music
industy audiences through the Youth Music Awards.
Increase Income via Partnerships
Our partnerships with TikTok and YouTube enabled us to fund more projects, as well a5
adding value to our funded partn8r Communities through pro-bono advice. support and
workshops.
Catalyso Change In Sèctor Practi¢es
Our new learning end development series, Exchanging Notes, supported sector
professionals to upsklll through talks and workshops.

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021/22
Report of the Trustees
For the Year Ended 31 March 2022
Close Gap from Muslc Learnlng to Earnlng
In a landmark yèar. we are proud to have launched the Youth Music NextGen Fund. Buitt lo
support young creatlves to work in the music industries, it's the first tlme in our history where
we are investing in young paople dir8Ctiy.
We're d8lighted to have been soli￿ted by Arts Council England to re-apply to be a delegated
National Lottery distributor in line with their strategy, Let's Create. If succ8ssfvI, income of £9.6
million per year from 2023-2026 will ensure that we can fund partners in their vital work with
chlldren and young people. and continue our pioneerfng role diVerSi￿'ng and equalising the
creative sector.
In the last two years we've acted swiftly lo get nK)ney and support to lh8 front line. We've now had
time to reflect on our intemal processas a￿1 recc*Jnise opportunities for improvement. This requlres
long term investment in Youth Music as an organisalion- not just in our funding slreams.
As we look to the future, it's clear that there are difficult times thead. We will take stc¢k and en5ur8
we utilise our Inslghts. investrnent and Influence to put the needs and views of young people
front and ￿￿tre. And we will ensure music remains a constant in an un￿rtain and changing world.
Objectives and Activltles
We believe that every young p8rson should have a chanc£ to change their lrfe through rnusic. Yel
research shows that many miss out. Through our insights, inlluence, and inveslment in grassroots
organisations. we make sure more young people can make,16arn and eam in music nationwide.
Youth Music is a national charity fund6d thanks to the Natlonal Lotl8ry via Arts Council England,
players of People's Post¢ode Lottery and support from partners, fundraisers and donors.
Who we work wlth
0-25 year olds facing barriers In lrfe because of who they are, where they're from or what they,
going through.
Our priority areas- Early Years, Disability, Youth Justloe, Rural areaslregions outside of London,
Social Justice issues in the music industries (e.g. race, gender, sexuality, income). 18-25s.

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Report of the Trustees
For the Year Ended 31 March 2022
Data and evidence
At Youth Music w8're led by evidence and aGt on the view5 of our stakeholders. In this reFJOrt we
draw on a variety of dats. This includes our own ￿Search. funding application and reporting data,
and feedback from our annual stakeholder Survey Iwhlch is sent to anyone who has applied to us
for funding). We also use published data and evidence from other sources.
Achievements and Performance
Our Impact: INSIGHTS
Using dats and eviden￿ Youth Music has driven change V￿thin our organisation. funded proieds.
and Ihe wid8r sector.
YOUNJ Peoplè
Our annual Youth Music NextGen survey helps us understand how we can best support 18-2
Y&ar￿Id$ in transitioning from learning to eaming in music. 87°/o of those suNeyed thought that to a
goodlgreat extent. Youth Music 15 inclusive in [15 approach to ¢reating opportunities for youn9
paople. 70Yfy found opportunities on offer to be accessible to a goodlgreat extent.
Many respondent8 highllghted how much they value Youth Music's incluslve ethos:
.1 feel that as a young woman without a degree, Youth Music has funded projects which havg given
rne corfidence in taklng up space in a male dominated field. l a￿ayS see many locatlons listed for
vaGan¢ies on the opportunities board so I feel that Youth Music provide schemes for many young
p8ople across the UK..
Muslc for Wellbelng and Self-Exprèssion
A$th8 Office of National Statistics reported that the wellb8ing of young people in the UK is
deolining, we conduded our own research exploring the links be￿een songwriting and wellbeing in
young people. Our Y th Music Self-Ex
ression Re
ort showed Ihe positive irnpaci musio has on
the wellbeing of young peoplè.
We appointed four Youth Music NextG8n cNesearthers aged 18-25 to worf( with us on analysing
the interview data, ensuring voices of young people were represented throughout the research
process.

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Report of the Truslees
For the Year Ended 37 March 2022
#SharoTheMic
To infomi th8 next phase of our #ShareTheMic cam
n, which promotes youth voice and
participation, we asked slakeholders about their own youth Vol￿ praCti￿S. A significant proportiDn
of respondents fomially consult with young people and feed back to thgm, support them to run their
own projects and events and provide enty-18vel employment. Less common was to have young
people on Trustee or advisory boards, to offer specific youth leadership programmes or engag6
young people in campaigning or advocacy
So¢lal and Envlronmentsl
Each year in our stakeholder survey, we ask about toplcal issues to infomi our future work. The
Youth Music Rechar
Fund, for example, was a dired response to how the pandemlc was
affe￿ing our stakeholders.
With the climats em•rgen¢y set to significantty Smpact thè next generation, this year we wanl8d to
undérstand our rolè in supporting young people as an ethical and responsible national charity. We
found that over half of respondents..
embed 8nvironmental themes in creative work with young people
take acuve steps to reducè their environmental impact. but haven't fomiallsed thes8 into a
plan.
We also asked people about the Cost of lfving crlsis. It's no SUTprise that the biggest wory was
the Impact on chlldren and young people. Respondents shared how the erisis is already having
an impact..
°Tired and worri8d. Not enough to eat sometimes. No mongy to travel to other parts of the city for
18aming experiences. Lack of choice and aspiration. Low mood..
'apart from tho obvious (household income not going as far), I think a lot of young people's mental
health is suffering because they are worried about their par8ntsl guardians... they feel they donl
want to burden I wony Ilhernj any further. This Ès leading a number of [young peopleJ to gel to the
point of real crisis because th8y're tK)tlling up a lot of worry."
After concems for children and young people, our stakeholder's most
pressing worries we increased demand for servlcos and falling
donations or incomg. Impact on slaff wellbeing and incrÈased costs
from wages were also deemed a priority.

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Rep¢)rt of the Truslees
For the Year Ended 31 March 2022
Our Impact- INVESTMENT
Through support from Youth Music. grassroots music organisations are building a better fLrture for
young people.
Informed by our researth, we launched three new funds ir121122:
Youth Music NextGen Fund
Invesls dir8(aly in young creatives to make thelr Ideas happen.
For musicians and behind the scenes creatives held ba¢k by a lack of finance.
Grants of up to £2,500 for creatives in England. Scotland, Wales, and Northem Ireland.
'tfhel N8xiGen grant helped me in so many ways. Before my first release the workshop held with
TikTd( changed the game for mg. I signed up to Soundo
immediately and my first single has
been used in over 50,000 TikTok videos and viewed more than 9 million tirnos. This also went on to
be a springboard for what was about to come. The grant allowed me to invest in all of my rèleases
promotion and production wlse and create music videos for each. The music vldeos lied in with th8
tluctuation of new listeners from TikTok saw me develop a small but loyal and consistent fanbase.
Youth Music NextGen Fund recipient.
Youth Muslc Ro¢harge Fund
A one-off fund designed to help organisations recharge post-pandemi¢. with a focus on
organisational d6velopment and w811being.
Grants of up to £90.000 for grassroots music organisations in England. Scouand and Wales.
Youth Music are leading sectoral chang8 through their Recharge Fund. In our fast-paced sector, it
feels as though we are expected to sweep the pandemic under the rug as we face ev8n more
uncertain times economically... we all need to recharge now so that we can be future-facing and
r8silient organisations and people".
Recharge Fund peer consultsnt Mahalla Burn
Wales Fund
A £150,000 grant to kick-start a new national funding programme in Wales.
Delivered in partnership with Anthem. Wales.
e are extrerllely excited to be able to offer this funding to or9anisations in Wales working through
Mus￿. The Atsaln Fund will support music projects to connect with even more young people and
help them build confidence. leam to collaborate, explore their creativty and find pathways to
potential future careers." Anthem Wales Chief Executive Rhlan Hutchings

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YoifiH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Report of the Trustees
For the Year Ended 31 March 2022
Funds Refrosh
For the past ten years, Youth MUS￿ has run strategic progTamrntS to embed equality, diversity aNI
inclusion at the heart of music education, to significant success. With national policy becomiru
more inclusive, a looming recession and a new National Plan for Music Education on the horfzon,
it's time to ensure we're investing in innovats'on as well as sustaining provision.
191 peopl8 r8sponded to our initial consultation, and we sought input from pe8r consultants
Inclthllng applicants and funded partner8. This resulted in refreshed funding
un
eo
streams, desrgned to be more a￿essIble, more 8qUitablÈ and more participatory. Trailblazer is all
about trialling, testing and disruptlng the status quo. Catalyser is all about sustaining. scaling up er
changing sector practice.
Youth Music has Ilstened to f8edback arKJ has implement8d w81come Changes. It is now a fiexib
and understanding funder without losing any of Its robustness and Gommilment to its outcome3".
stakeholder Surv8y respondent
FUNDING STATISTICS
This year Youth Music..
Made funding decision5 on 1,224 applications
Awarded 287 grants, including=
250 to organisations and sole traders
37 to NextGen Creatives
Grew investment by 140h to £12,618,287
£10,912,205 in new grant awards
0 £1,699,677 In our strategic programme. Fund C
£6,405 in grant inueases to support partlCiP81ion in Youth Music opportunities (e.g.
Give a Gig Week)
Leveraged funding: for every £1 of Youth Music investment, projects sec#Jred an addltional
77p of matched funding.
Equltable Investment
People and places facing the biggest barriers re￿1ve the most support:
85Yo outside of London
0 3% in Scotland
4% in Wales

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Report of the Trustee$
For the Year Ended 31 March 2022
590k of investment into diverse-18d org8nisations.
£7,110 in aryess funds to support Disabled people to apply for Youth Music fvnding.
328 people attended yO￿h Music support workshops and Q8As on writing funding
applications and designing a strong project.
Around 100 18-25 year olds had 1..1 advice sessions prior to applying to the NextGen Fund.
Youth Muslc NexlGen Fund (awards)
£95.641 invested in 37 grant$
52Yo women and gender minorities
32Yo from a lower socio-economic background
32¥/0 identify as Disabled
51% people from the Global Majority
62¥0 first time apptying for fvnding
Who wa worked wlth
We worked with 86.490 children and young people, 29.991 on a susLgined basis
79-25yrs
12%
0-5y
1696
1&18yrs
14%
Age Range - Distribution of agès of
core partlcipanls in evaluation data
{recorded for 27,986 participants)
72-15yrs
28Qh
Non-binary
Female
43.0
Male
52.1%
Gondor- Gend8r identities of core partlclpants in evaluation dats l¢ollectèd from 25,047
arbcipants). 0.4% preferr8d to self-describe their gender identity, and 3.50/0 preferrgd not to say a
point of data Gollection.

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021/22
Reporl of the Twstees
For Ihe Year Ended 31 March 2022
White {total)
Black l Afrlcan I Caribbean I
Black British (total)
Mixed / multlple ethnic group
(total)
67.4%
79.296
14.086
4.61Yo
7.6%
4.6%
Youth Music 21122
Asian l Asian Britlsh (total)
6.2%
10.2%
Ethnicity (age 0-24- 2011 Census Data
Other ethnic group
2.4%
1.3%
Ethnlcity- Ethnicity of core participants plotted against
national census data for 0-24 year olds (2011 }.0.20kn preferred
to self-describe their ethnicty. and 2.2°/ts preferred not to say
at point of data collection. Ethnicity data linduding PNTS was
collected for 60Yo of core parUcip8nts).
Demographlcs - More than 85Yo of YoLrth Music
investrn8nl was allocated outside of London
£9.762,0051. 8°h of investment (£991.737) was allocated
towards programm85 delivering on a national18vel.
th•#￿￿b0*
-.W•¥*iidl•n&
VI•IH J
nd
RUPALLY ISOLATED
AT RISK OF OFFENDING
SENSOS￿ IMPAI
D NEET
ICALLV DISJl8LEO
MENTAL ILL HEALTH
ECONOMIC DEPRIVATION
LOOKED AFTER
LGBTQ+
Barriers lo participatron
YOUNG CARER
AnÈND5 PUPIL fiEF&TrRALUt4rr
CGA
,Hl°b Aop
ELECTRONIC
TRAP
METAL
INDIE
SOUL
GRIME
MC
FOLK
Genres explored
-ROCK.
OANcr
10

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Report of the Trustees
For the Year Ended 31 March 2022
What Participants Achloved
20Yo went on to other music activities
4,286 acc￿ditatIonS
7 /0 gained employment
17°/o went into education. training or volunteering
203 young people who took part in a Youth MusSc Incubator Fund project secured woj
within the creative industries. Plus-
21 have set up their own business
54 a￿ taking part in educatlon or further training
Workforco
Worknng for Youth Music funded projects provided paid work and crucial tralning for 3.250
people across Ihe country:
748 in employm8nt
1.787 freelanGers
715 young people
5,188 training opportunilies

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021 /22
Report of the Trustees
For the Year Ended 31 March 2022
How we'r8 dolng
Each yèar, we benchmark how we're doing against our funding principles.
Very
Below
poor average
Avern8*
Above
average
Excellert
Princ￿1# l. We will notwa5te your
time.
Principle 2. We 4ylll Dryly ask rele¥art
questions.
Principle 3. We will accept ourshar•
Of rtsk.
Principle 4. We will •rt with
urgency.
princip￿ S. We wlll be transparent
obout our derisions.
Principle 6. We will enab￿YoU ro
TeSPC*nd flexibly to changing
Priorities and needs.
PrlncÈple 7. We will be clear about
our TelatlOV15hip from the start.
Principle 8. We wlll commit to light
touch reporting.
Prlnciple 9. We will be aC￿sible.
Principle 10. We wlll InVo￿e people
in our programme design and
d*(iSiOn-rKwkin8.
13%
42%
39YJ
105
29b
154b
49#
3541
104
1%
22%
45VJ
103
39b
229b
42%
33Yb
39b
1846
33
103
2%
349b
51h
102
096
43%
389b
103
0¥4
7%
25%
97
2%
25%
389b
369b
104
196
396
21WJ
35¥J
99
'Youlh Music is one of the best funders we have worked with. Approachable should we have any
questions. fl8xible (particularly durlng the parKJemic) and open to f99dback and change. Friendly,
kn￿9dgeable and supportive staff. Thank you" Stakeholder survey respond8nt
Most respondents rale Youth Music as above average or excellenl in all areas of our practice. and
most comments in the stakeholder survey were positive. However we've seen a slight decrease in
the p8rcentage of 'excellent' responses from last year. One-quarter of people rate Youth Music a5
'average' when it ¢omes to accessibility and light touch reportlng, which will be a focus for us over
the next year.
Case Study
Improvlng wellbeing: In-spire Sounds, Oxford
Hamzah's College tutor first told him about In-spire Sounds wh6n she heard him rapping in the
hallway. He'd always had a love for hiphop but thought he wasn't the rtght type of person to b6
tsken seriously as a rap artlsl.
12

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNIIAL REPORT AND ACCOUNTS
2021122
Report of Ihe Trustees
For the Year Ended 31 March 2022
The leam at In-splre Sounds helped Hamzah to find his wnfidence, taught him valuable recording
skills and supported him to put togeth8r his first record. The project is run by expert youth workers
who are all musicians. They deliver one4C￿neS. group sessions and workshops with 12-2&year-
ds experiencing drfficuli circumstances.
Kingsley Pratt-Boydan. Dlrector of In-spire Sounds, said- We unite young people but we're also
unpacking their traumas and giving them a sense of achievernent through making music. W8 work
with young people who are at risk of crirne, exploitstion or have mental health issues. We build
them up and support them to make a shtft in their life."
Hamzah said.. °If it wasn't for In-splre, I probably wouldn't be breathing right now. This woject has
been instrumental in me wanting to keep living..
Case Study
Developing skllls: Hastlngs Thrivos
The Songseeds prolect in Hastings used songwriting to increase young people's sense of inGlusion
and pride, while developing friendships and skills.
They provided teacher training for songwriting in iwo primary academies, along with running online
sessions as an after-school club. Further online sessions were used to reach home-educated
children, with in-person sessions OCGuning when restrictions allowed. Tha Songseèds project
benefitted over 200 children and young people and produced 25 songs. Twnkl8 Ansar entered a
song they produced into the Song Academy competiiion. Finishing as a lop 10 finalist, Twlnide
credf(ed thelr involvement wtth Songseeds as glving them the confidence to enter.
13

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Report of the Trustees
For the Year Ended 31 March 2022
Other young people also spoke about the impact on their Gonfidence. "I thlnk songvrriting is a good
way to process emotion and I think songwriting has helped my conf￿￿nCe a lol."
Casè Study
Learnlng and earning in music: DJ School, Leeds
16-year-old Hary started golng to DJ Club aged 8. enabled by Yolrth Music's long-tem investment
in this Loèds-based organisation. In his time there, Harry's leamed the fundamentals of DJing, h
to use equipment, and gained vital support and training from experienced tutors.
Hary said: "I'm not a very academic person, but wtth DJ School you have to use your hands and
I'm alright there. From the momènt I first got on the decks I was excilecl. It's taught mg all th8
tschniques I need lo leam and progress my music..
Most importantly, DJ School has given Hary the confidence to use his skills lo make DJing his
career. He's now eaming money through DJing at weddings and partles. has played lo 5.0(J)
People at a festival and has a weekly rèsidency at a pub.
Harry explaine(l- 'B¢)oklngs are coming in like wildfire and I'm building up my business. Without DJ
School I wouldn't be where l am today. Ft's given me a bt of confKlenc6 and It's set me up to rnake
DJing rny career."
14

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Report ol the Truslees
For the Year Ended 31 March 2022
Ca$e Study
Early years: Thg Premler ArAdemyJ Milton Koynes
Earty years practitioners at this Bucknnghamshire project develop specialist skills and confidence to
deliver quallty music making experiences for early years. The team particularfy focus on engaging
children facing barriers to experiencing music making. They found that small group activities were
particulatly helpful when WDMng with musical instruments.
°Parenlal feedback was exceptionally positive about the music sessions with many saying how
much their child enjoyed the music sessions and sang a lot of th8 songs at home. Some had
ieported on them Ix)nsequendy attending musi¢ session outside the sètting and an elder sibling
stsrting to leam an instrument as a resutt of the young8r child's enthusiasm for music.-
r8POrt frorn
Th8 Premier Academy
Our hnpa¢t: INFLUENCE
'Youlh MusiG are leading the way in induswe practice
and seclor change. while also being ¢)n it with changes
8nd developments in the wider so¢iety. Their changes
inspire and energise us to keep evolving and leaming..
Stakeholder SuNey respondent
OUTCOME 1: Lead in Oivorslfying
In order to influence others to be more diverse and inclusive, w8 need to start wthin our
organisation. This year, the ethnicity, 98nder and neurodlversity of our staff and board is more
balanced and representative than the previous year, making us better equipped to understand and
support the people we work with.
Freelancers
70°/0 identify as female or non-binary
22 % from the LBGTQIA+ community
340A of freelancers 8ged 18-24
16% identify as neurodivergent
0 16Yo identify as Disabl8d
18% from the Global Majority
Staff te8rn and tnjstees
68°k identify as female or non-binary
230/¢ from the LBGTQIA+ communty

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2021 /22
Report of the Trustees
For the Year Ended 31 March 2022
19°k identify as neurodlvergent
0 130/0 idenllfy as Disabled
55¥0 from the Globd Majority
In a recent HR review, many staff commented on the positive impact of the gender dlversity training
organis8d by our staff Values Committee. Our EDI worklng group led the process lo u
date some
of the18n
ua
e we use. We now using the temi 'Global Majority, when we refer to groups of people
who are Black, African, Asian, Brown. dual-heritage, indigenous to the global south andlor those
who have been racialised as '8thnic minorities..
We have also increased engagement with extemal oxperts of different backgrounds and liv&1
experienc8S, to infomi th8 way we design our funding programmes and make decisions. We'v8
benefitted from a greater diversity of views, skills and lived experiences arKI will continue to devel¢)P
this area in the coming year.
OUTCOME 2: Calalyse Change in Sector Pra¢tlce8
Exchan
in
Notes is our leaming programme designed to Spark sustainable. nationwide changes in
sector practices. Il's led by experts inside and outside of our community.
More than 400 people attended one of twelve workshops over the past year.
25.kn of stakeholder suNey wspondents had joined an Exchanging Notes session.
100% of respondents found the sessions useful.
'Excellent semlnar & very inforniative. I really enjoyed the hi8tory of the fundraising landscap&.
Very useful for considering different approaches to fijndraising and have slnce beèn exploring
crowdfunding and SkX)nsorshlps opportunities".
Exchanging Notes attendee
.1 found this $8ssion so invaluable and am already trying to implement some of the Ideas that
were discussed in itl"
Exchanging Notes attendee
°Really helpfvl, well-presented sès$lon which has boosted my Confiden￿ in starting to help
make rny organisation more inclusive..
Exchanging Noles attendee
Influencing Chango
Overall, 790A of respondents felt Youth Music had an above avèrage impact on their organisation.
46% fell that Youth Music had an above average impact on their organisalion's approach to
Equallty, Diversity and Inclusion, and 37 /0 on Ihelr organisation's safeguarding practices.

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2021122
Report of the Trustees
For the Year Ended 31 March 2022
We supported Youth Music Inc
Feople to their trustee board.
bator Fund project Young Thugs in the process of adding young
Jonny Hooker, Young Thugs Director. said: "Even with the best intentions, we were a group of
white, middle-aged men. Our joumey's not yel compl8te, but we've recruited some amazing young
peopb8 to key roles including board trustees, sitting at the heart of major organisational de¢isions.°
Now haffway through the restructure. the trajectory of the organisation is already stronger,
benefiting from a more diverse, creatively rich board of trustees with unique lived experiences.
AGGe$sible Funding
Our Resha
Muslc research explored the experiences of Disabled musicians. A key
recommendation was to make the funding process moTe accessible, and to involve Disabled people
is blo
in deNsion-making. We're Working to raise awareness of this with olher frjnders, and t￿LfOr
London Fu
ers shares our
oume
since the
rtwas
ublished.
OUTCOME 3: Close Gap Leamlng to Earnlng
Youth Muslc Award5
More than 350 people attended the second Youth Music Awards event at Troxy, London. Wilh
industy leading sponsors induding TlkTok, YouTube. Spotrfy. Capitol Records, The Muslcians
Union and Marshall. and press coverag8 in Mail Online, Dummy Mag and Evening Standard, the
event has established significant credibilty and inftuence. Our t8am included 21 paid Youth Music
NextGen creatives working to put on th8 show, with many going on to secur8 full time positions at
the likes of Foundation FM, BBC Radio 1Xtra and Boardmasters Festival.
Youth Music NextGen Communlty
Youth Music Ne
tGen is our community for young creatiV8s who aspire to bulld and work In the
music industries of the future. It offers exclusrve talent development and job opportunities, industy
expertise and grant funding. In 2021, we created 61 paid work opportunities across a varlety of
roles. These includ8d paid internships. funding pan81 advisors, co-researchers. content ¢reators.
presenters and event runners.
We worked with crea￿Ve and Cultural Skills to be a lfjckstsrt provider (creating new jobs for 16 to
24 year olds on Universal Credit), while h81ping 80 organisations in our sector to access the
funding.

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2021122
Report of the Trvstees
For the Year Ended 31 March 2022
Case Study
Increasing dlverslty,. Kaleldoscopo Muslc, Newcastle•upon-Tyne
One of the first re￿pientS of the Ywth Muslc Incubator Fund, Kaleidoscope Music's Inlemship
Programme enabled six intems lo sel up their own label, find an artist, and release their first singte
under mentorship by experienced Kaleidoscope staff.
Int8m N8ts1ie recalls.. °We had to lust do it and leam as we went along. I learnt so much..
The programme was the first time some of the intems had been properly paid in creative rolès. 'It
maanl I could finally get paid something that would actually really help me out each week,. Natalie
said.
Kaleidoscope Director Andy explained how Youth Music funding enabled Kaleidoscope to broaden
their n8tworks and reach out to people from underrepresented backgrounds.. 'Getting the funding
allowed us to strike a gender balance in our team, to work with minority groups who we haven't had
a chance to work wrth prgviously."
Access to mentors and rol8 models in the muslc Industy Is fundamental to young creatives,
leaming. Natalie said= .1 felt very, very heard, and I noticed he IAndy] had been rèally cautioug to
make sure it was a representative group..
Future plans
Youth Music's 2023-2024 business plan outlines a new set of organIsa￿Onal objectives,
responding to the oxtemal environm8nt. This will also enable us to deliver a new National
Lottery programme.
Following HR and technology reviews last year, Youth Music is implementing new policies
and processes across perfomiance management, remuneration, training and development,
staff benefts. welfare and working groups. This will ensure we build a sustsinab18
organisational structure thays frt for purpose and a work#YJ cutture that reflect5 our values.
In lin8 with our funding principles, we will respond flexibly to the ongoing cost of living crisis.

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2021122
Report of the Trustee$
For the Year Ended 31 March 2022
We'll grow the Youth Music NextGen oommunity through online and in-person evants,
fostering more collaboration and brokering me8ningful txogression opportunities with
industry partners and through paid roles at Youth Music.
19

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2021122
Report of the Trustees
For Ihe Year Ended 31 March 2022
PART TWO- GOVERNANCE and ACCOUNTS
Structure, governance and rnanagemollt
The Board of Trustees meets four times a year. In addltion, the￿ is an Annual Truslee Awayday,
which is an opportunily to focus on matters of potential strategic signlficance to infomi future
planning.
The primary focus of the Board indudes the following: Strategy and Policy, Govemanco. Finan
and Operations.
Trustee appointment. induction and tralning
Trustees are appointed by the Board. and new Trustees receive an induction in order to brref th
on their18gal obllgalions and to meet key employees and other Trustees.
Trusteès are encouraged Io vi511 Youth Music projects to galn a b6tter und8rstanding of the work of
the Charity, and also to atte￿1 relevant trainlng èvenls in order lo maintain and devek)p their
knowledge and skills.
Detslled admlnistratlon inforniation
With a view to focusing on èffective govemanc& and to optimise the sp8cialised skills and areas of
expertise of indlvldual Trustees, the Board has éelegated spectfic responsibilities to individual
Trustees based on skills and exper¢eriGe. Day-tOHday operational management of the GharFty ha5
been delegated lo the Chief Executive Officer and his team.
The Trustèes have a Finance and Audit sub-committee. which also meets three times a year in
addition lo the full TTUSt8e meetings, who fulfil their primary responslblltties as follows:
To ensl1￿ the adequacy of intemal contrds, review the management of risk within Youth
Music, and monitor the relationship with the intemal and extemal audit¢xs.
To maintain an overview of thè strategies. policies and operations of YoLrth Music to ensure
affective management of the organisation's assets and resources.

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Report of the Trustee5
For Ihe Year Ended 31 March 2022
Addits'Dnally. Ihe committee has responsibility for HR & Remuneraiion arKI will eonsider and
deterniine the remuneration and benefits package of the Chief Executive Officer and the staff. 88
well a5 ensuring that staff polioes. procedures and development plans are in accordan￿ with best
practice and that the HR strategy is in accordancA with the Business Plan.
The comrnitteè also recommends the formal approval of the Annual Report and Accounts to the
Board at the September Trustees meeting.
Exe¢utlve team
The Senior Leadership Team throughout tho year at Youth Music was:
Chlef Executive Officer
Matt Gr6ffiths
Chief Operating Olficer
Programme Director
Youth Engagement Ditsctor
Angela Linton
Carol Reid
Daniel Williams
The Senior Leadership Team works under Ihe guidance of the Trustees, to whom they are
ultimately responsible. The organlsation's strategic plan is the principal document approved by the
Board from which annual operating plans and budgets are developed. The Board monitors
progress and achievement of r8sults against the plans. Through robust management. planning and
innovation the leam members design and ft)mulale pollcy for programmes and awards as well as
develop and manage the grant applicalion process and subsequ8nt monitoring of grant awards and
perfcfmance. This on-going review process helps ensure that the focus remains on the publlc
benefit derived from the tunding received.
Audltors
Each of the current Direclors has taken all the steps that they ought to have taken to mak8
thernselv88 aware of any infomiation needed by the charitable company's auditors for the purposes
of their audit and to establish that the auditor5 are aware of that infomiation. The Directors are not
aware of any relevant audit information of which the auditors are unaware.
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2021122
Report of the Trustees
For the Year Ended 31 March 2022
Employment policies
Youth Music is an equal opportunities employer and the poI￿leS and procedures applicable lo
human resources are kept v￿ler regular review and updat8d in accordan￿ wrth best praclice and
chang8s in the laws relating to employment.
Pay pollcy for senlor staff
Th8 Board of Trustees and the senior leadership team comprise thè key management personnel of
the charity in charge of directing and controlling, running and operating the charity (M a day-t¢>day
basis. All Trustees giv8 their time freely and no Trustee recelved remuneration in the year. Detals
of Trustees, expenses and related party transactions are disclosed in Note 7 to the accounts.
Senior staff remuneration is reviewed annually by the Fina￿8 & Audit Committee and CEO.
Rosorves Polic
In August 2022. the Trustees revi8W8d and ratified Youth Music's Reserve Poli￿.
Key features of this pollcy were as follows..
To provide an element of securty and contingency wthin the uncertaln funding environment
in which the Charity operates.
In the event of such action becoming necessary. lo enable the Charity to restruciure its
operations in an orderly and compassionate manner.
To fulfil our obllgations to our employees and the Landlord.
At the end of 8ach quarter the Chief Executive Officer reports to Trustees on the following:
The level of reserves at the end of the most recent quarter.
The projected future reserves, based on medium4emi financial projections, which are
regularfy updated and compared wtth reserves calculated in accordance with this pollcy.
The Trustees have considered the appropriate level of free reserves that th8 Charity should hold.
They have determined that £1.365m should be retained lo fvlfil our obligations in respect of six
months, operating costs. As at 30 September 2022 these reserves tolalled £1.388,278.
At the balance sheet date, (f th8re is a reported excess of unrestricted funds, the Trustees will
consider a proposal from the Ex8cutive Team as to the use of the excess in accordan￿ wth th8
Chariws objectives.
Unrestrlcted Reserves
As set out in Not8 18 to the financial statements, Youth Music received £3,125.000 from Poople's
Postcode Lottery (PPL) during the year. In consultation with PPL, the funds received each year are
designated for granting Out and operating costs in either the current or future periods. This forms
22

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Report of the Trustees
For Ihe Year Ended 31 March 2022
the basis of our partnership arrangement and the Trustees are therefore showing these fundg as
separately designated funds.
The timing of recelpt of these funds meant that as at 31 March 2022 a significant amount of the
funds received had not been committed and Ihus are duly designated.
Dèslgnated Reserves
As al 31 March 2021 Youth Music had designated reserves of £1,679,028. This comprised two
funds..
£11,889 in respect of the Capital fund repr8sented by the book value of fixed
assèts., and
£1,667.139 in respect of the PPL funding element.
Other unrestricted reserves
The remaining unrestricted reserves amount to £1,388,278 against a target level of £1.38 million.
The Trustees will ￿VIeW the minlmum level of free reseNes and the use of excess funds annually
in the light of Ihe risks identified, notably achieving a diversification of income and the long-terrn
secunty of th8 Arts Council England funding and People's Postcode Lottery grant.
Stratsgic Report
Achievemènts and perfomian¢o
For dètails of the 8chieveTnents and performance of Ihe Charity in the year, please refer to the
2021122 overview provided on pages 5-18.
Key pgrfonnance Indlcators IKPls}
The Trustees regularly monitor the progress of the Charity by refer8nce to both financial and non-
financial KPIS, which hav8 been developed to ensure that key elements of our strategy are met. For
further details in relation to current year performance against target KPIS. please refer to the
2021122 overview provided on pages 5-18 and the financial revièw below.
Financial rèvlew
Totsl inwme recognised during the year amount8d to £13.354,079 (2021.. £13,205,330). This
includes full recognition of approved grants receivable relating lo the accountin9 period.
Core lottery-funded income from ACE was £9.651,000 for the year 12021.. £9,651.000). The
percentage of ACE income granted out to benefiaary organisations was 92 % {2021: 920A), in line
with the fjJnding agreement. People's Postcode Lottery {PPL) provided fundin9 of £3,125,000
12021.. £2,683,255). other income comprising donatlons. grants, and investment income totalled
£578,079 (2021: £871,075)
Expenditure for the year amounted to £14.391,92712019'. £12.753,630} of which 98.10 {2021: 98Yo)
was spent on charitable activities and 20k (2021: 20/0) to generate voluntary income. Grants of

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Report of Ihe Trustees
For the Year Ended 31 March 2022
£233,54912021.. £75,158} previously recognised but not used by grant recipients were written back
enabling additional awards to be made during the year.
There was a balance of £204.359 on restricted funds at the year-erbd (2021: £119,573).
The daficit of income against expenditure on unrestricted funds, amounting to -£1,122,634 (2021.. -
£518.7091, has been deducted to unrestricted reserves. as shown in Note O to the finanaal
statements. As a result. reserves of £3,271,667 {2021". £4,309.5151 were carrted forward at 31
March 2022, of which £204,35912020'. £119,573) rolated to restricted funds.
Fundraising
Youth Music is registered with the Fundraising Reg￿latOr and our small fundraising team seek lo
comply wth all the relevant standards set out in the Code of Fundraising Practi￿. There has been
no Outsou￿ed fundraising via professional fundraisers or other third partie5.
Our website hosts our Fundraising Promise which oulines our commitment to vulnerable people
and the wider public and our Complaints Policy, both of which are accessible to download. We
receivèd no CA)mplainls in th8 year {2021.' no ￿MplaIntS).
Plans for future periods
For details of future plans and developments, please refer to Ihe relevant section on page 18.
Principal rfsks and uncertalntlos
Youth Music has developed processes lo identify potential risks and uncertainties which coukl
adversely impact the achievement of ils strategic objectives andlor its operational perfomian¢e.
Current key strategic Tisks, and st8ps to mitigate against them as identified by the Board. include..
1. Loss of slgnlflcant p¢>rtion of Arts Councll England and People's Postcode Lottery
fundlng. Arts Council England have invited us to submit our Business Plan and supportir
documents for funding at Ihe CUTf8nt level of £9.65m per year for the period April 2023 10
March 2026. We are the only organisation invited lo submit for the grant and will know the
outcome mid-November 2022. People's Postcode Lottery have invtted us to apply for an
unrestricted grant of £2.5m, the outcome ofwhith will be known early December 2022.
2. Dlverslfi¢atlon of incomè. We are committed to further diversifying our sources and levels
of income and will build our commercial partnerships, lo leverage cash and in-kind funding
to provide progression opportunities for our funded partners and indwiduals.
3. Safeguarding. We are committed to establishing a positive safeguarding culture to protect
our team from harm. the organisation from reputational damage. and to rninimise ary
impact on stakeholder relationships and in particular our relationship with our funders. We
continue lo adopt the practices outlined within our safeguarding policy 2021, an(f in 2022 w8
became a member of the Funders Safeguarding Collaborative whom we have engaged lo
24

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2021122
Report of the Trustees
For the Year Ended 31 March 2022
provide awareness training and assist us to review our policy & practices in light of new
funding programmes for 18-25yr olds.
4. Cyber securlty. We work in liaison with our IT experts who assisl us to navigate the
attempts to disrupt our operations. We are alert to potential fraudulent approaches which
could result in loss of sensitive data. diminish our finanGes and or our reputstion and have
practi￿$ in place to assist us to mitigate agalnst attacks.
S. Slgnifi¢anl change to our flagship funding programme. We are mindful that there could
be a negative receplion to our new busine55 plan strategy and will work with ACE
colleagues lo ensure transparency in relation lo our future streams.
The Roport of the Trusteès and Strategic Report w•r• slgned on behalf of the Board.
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Stalement of Tru5tees' Respon51bllltles
Statement of Trustèes, Responsibilities
The Trustees, who are also directors of the charitable company, are responsible for preparing thelr
report and the financial statements in accordance with applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under
that law the Trustees have elected to prepare the financial stalemenls in acwrdance with United
Kingdom Generally Accepted Accounting Practice (United Kingdorn Accounting Standards and
applicabte law). The financial statements are required by law to give 8 true and fair view of the stste
of the affairs of the charitsble company and the group and of the surplus or deficit for that period. In
preparing these financial statements the Trustees are required to..
Select suitable 8ccounling policies and apply them consistenuy
Observe methcmjs and principles in the CharitEs SORP
Make judgements and estimates that are reasonable and prudent
State whether appli¢abl8 accounting standards hav8 b88n followed, subject to any matenal
departures disdosed and explained in the financial statements
Prepare the financial statements on the going concem basis unless it Is Inapproprlate lo
assume that the charitable company will continue in operation.
Thè Trustees ar8 also responsible for k88ping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the ¢harilable company and enable them
lo ensure Ihat the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charitsble company and hence for taking reasonable
steps for the prèvention and del8Ction of fraud and other irregularitiès.
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2021122
Slatement of Trustees, Responslbllltles
Statement of disclosure lo the auditors
So far as the Trustees are aware..
181 the￿ is no relevant audit infom)alion of thich the Company's auditors are unaware, and
Ibl they have tak8n all the steps that they ought to have taken as Trustees in order to make
Ih8mselves aware of any relevant audit infomatton and lo establish that Ihe Company's
auditors are 8ware of that infomiation.
Appmved by the Trustees on .
13/q/
. 2022 and signed on their behalf by:
Do¢uSbJn•dtsy'.
1055
YolanDa Brown
Sam Ross
Chair of Trustees
Chair, Flnance and Audit Commlttee
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INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF NATIONAL
FOUNDATION FOR YOUTH MUSIC
for Ihe Year Ended 31 March 2022
Oplnion
We have audited the financial statements of The National Foundation for Youlh Music for the year
ended 31 March 2022 which comprise the Slatemont of Financial Activities, the 8alan¢e Sheet,
Statement of Cash Ftow and the related notes to the finanoal statements, including a SLFmmary of
significant accounting wlicies. Tho financial reporting framework that has been applied in their
proparation is applicable law and United Kingdom Accounting Siandards. including Financial
Reporting Standard 102 Th8 Finan￿81 Reporting Standard applicable in the UK and R8public of
Ireland (Unfted Kingdorn Generally Accepted ACCOUn￿ng PractiGel.
In our opinion. the financial statements..
giv8 a true and fair view of the state of the charltable companls affairs as at 31 March 2022
and of the charttable company's net movement in funds, including th8 income and
expenditure, for the year then ended.,
hav8 been propedy prepared in accordance With Unitèd Klngdom Generally Accepted
AccountSng PractiC8,' and
h8ve been prepared in accor(lance with the requirements of the Companies Act 2006.
Basis for oplnion
We conducted our audtt in accordance with Int8rnational Standards on Auditing (UK) (ISAS (UK))
and appllcable law. Our responsibilittes under those standards are further descrtbgd in the AudStor's
resF)onsibilities for the audit of the financlal ststements s6Ction of our report. We are indep8ndent of
the tharity in accordance wlth the elhical requirements that are relevant to our audit of the financial
statements in tha UK. induding the FRC'S Elhical Standard, and we have fU￿1]I8d our othor elhirAI
r•sponsibilFties in accordance with these requlrements. We beliave thal the audit evidence we have
obtalned is sufficient and appropriate lo provide a basis for our opinion.
Concluslons rolatlng to going concern
In auditing the flnancial statements, we have concluded that the trustees, use of the going concem
basis of accounting in the preparation of the financial statements 15 appropri81e.
Based on the work we have performed, we have not identified any maierial unc8rtainlies relating lo
events or ¢onditions that, individually or collectively, may cast Significant doubt on th9 charitable
companys ability lo continue as a going concem for a perlod of at least ￿e1ve months from wh8n

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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NATIONAL
FOUNDATION FOR YOUTH MUSIC
for Ihe Year Ended 31 March 2022
the financial statemetrts are authorised for issue. Our responsibilities and the responsibilities of th8
Irustees with respect to going concem are described in the relevant sections of this report.
Olhor Inforniatlon
The trustees are responsible for the other infoffnation. The other information comprises the
information induded in th8 Trustees, Annual Report. Our opinion on the financial Statements does
not cover the olher infomation and. except to Ihe exient otherwise explicitly stated in our ret)ort, we
do not express any form of assurance condusion thereon.
In connectien with our audft of the financial statements, our responsibility is to read the other
Infomiation and, in doing $0, consider whether the other infomiation is materfally inconsistent with
the financial ststements or our knowledge obtained in the audf( or otheTwse appears to be
materially misstaled. If we identify such material inconsistencies or apparent material
misstatements, we are required to detemiine whether there is a rnat8rial misststement in the
finan¢ial statements or a material misstatement of the other infomiatlon. If. based on the work we
have perfornied. we conclude that therè is a material misstatement of this other information. we a
required to report that fact. We have nothing to report In Ihis regard.
Opinions on other matters prescrlbed by the Companios Act 2006
In our opinion. based on the work undertaken in the course of the audit:
the inform8tlon given in th8 Trustees. Annual Report (which indudes the strategic report and
the directors, report prepared for the purposes of company law) for the financial year for
which the financial statements are prepared is consistent the financial statements. and
the strategic report and the director8, report indudgd WIth￿n the Trustees, Annual Report
have been prepared in a(xordan￿ with appliGable legal requiremen
Matters on whlch we are required to rèport by oxceptlon
In the light of the knowledge and understanding of the charitable company and it5 environment
obtauied in the course of the audit, we have not identified material misstatements in the Trustees.
Annual Report (which incorw)rates the strategic repKSrt and the dlrectors, report).
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INDEPENDENT AUDrroR'S REPORTTO THE MEMBERS OF NATIONAL
FOUNDATION FOR YOUTH MUSIC
for the Year Ended 31 March 2022
We have nothing to report in resped of Ihe followlng matters in relation to which the Companies Act
2006 requires us to report lo you if, in our opinion:
adequ8te accounting records have not been kept by the charitable company, or retums
adequate for our audit have not been re¢eiv8d from branches nol visited by us: or
tho charitabl8 company finandal stalements are not in agreement with the accounting
records and retums., or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the infomiation and explanations we require for our audil.
Responslblllties of trnstees for the financ￿1 slatements
As explained more fully in the trustees, reSponsib￿ltieS stalemenl set out on page 26. the trustees
(who are also the directors of the tharitable company for the purposes of company law) ar8
rèsponsible for the preParat￿n of the financial ststements and for being satisfied that they give a
true and fair vi￿, and such intemal control as the trustee5 detennine is necessary to enable the
prepar8ts.on of financial slat8ments that are free from material misstatement, whether due to fraud
or error.
In preparing the financial statements, th8 trustees are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related to going
concem and using the going concem basis of accounting unless the trust885 either intend to
liquidate the charitabl8 company or to cease operat¢ons, or have no realistic altemative but to do
Auditorfs responslbllltles for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole arg free from material misstatement, whether due to fraud or error, and lo issue an auditols
report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAS (UK) will ahvays detect a mater￿1
misstatement when it exists. Misstatements can arisg from fraud or error and ar6 considered
material rf, individually or In the aggregate. thgy could reasonably be exp8cted to influence the
economic decisions of users laken on the basls of these financial statemenls.
Irregularities, including fraud, are instanc8s of non-compliance with laws arMJ regulations. We
design procedures in line with our responsibilities, ouuined above, to delect material misstatements
30

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NATIONAL
FOUNDATION FOR YOUTH MUSIC
for the Year Ended 31 March 2022
in respect of irregularities, induding traud. The exlent lo which our procedures are capable of
detecting irregularities. including fraud is detailed below=
Based on our underslanding of the charitable company and the environment in which it operates,
we Klentified that the principal risks of non-compliance with laws and regulations related to the
rec(yJnition requirements of grant income and grant expenditure. and we ￿nsidered the exient to
whith non-compliance might hav8 a material effect on the financial slatements. We also considered
thos8 laws and wulations that have 8 direct impact on the preparation of the finenci81 statements
such as the Companies Act 2006, the Charities Act 2011, and payroll tax.
We evaluated management's incentiv6s and opportunitles for fraudulent manlpulallon of the
finanaal statements {including the risk of override of conlrols), and delemined that the principal
risks were related to posting inapproprtate joumal entries to revenue, management bias in
accounting estimates. and noTrcompliance wlth controls for grant making ath'vities. Audit
procedures perfomied by the engagement team induded:
Inspecting correspondence with regulators and tax authorities.
Discussions with management including consideration of kr￿wn or suspected instances of
rKJn-complianc8 with laws and régulation and fraud;
Evaluating management's controls designed lo prevent and detect irregularities;
Evaluating the controls in place over grant making adivities.
Identifying and testing journals, in particular joumal entries posted with unusual account
combinations, poslings by unusual users or wth unusual descriptions,. and
Challenging assumptions and judgements made by management in their critical accounting
estimates.
Because of the inherent limitations of an audit, there is a risk that we will not d8tect all irregularities,
including those leading to a material misstatement in the finan￿al statements or nonryfA)mpliance
with regulation. This rtsk inGreases the more that compliance with a law or regulation is removed
from the events and transactions reflected in the financial statements, as we wll be less likely to
become 8W8re of instances of non-compliance. The risk is also greater regarding irregularities
occurring due to fraud rather than error, as fraud involves intenlional concealment. forgery,
collugon, omission or misrepresentation.
31

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021 /22
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF NATIONAL
FOUNDATION FOR YOUTH MUSIC
for the Year Ended 31 Morch 2022
A further description of our resp)nsibilities for the audFt of the financi81 statomenls is located on the
Financial Reporting Council's website at: www.frc.
.uklauditorsres
onsibilities. This descri￿.On
foms part of our auditor's report.
Use of our report
This report is made solely to the tharitable company's members, as a body, in ac(%Jrdan¢e wth
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
might state to the charilable CoMpan￿S members those matters we are required to slate to them Sn
an Audito¢$ report and for no other purpose. To the fu118St extent parmitted by law, we do Th)t
accept or assumo responsibility to anyone other than the Gharftable company and th8 charttable
comp8nys members, as a body. for our aLKlit work. for this reporL or for the opini¢Ms we have
formed.
. 2022
Jane Askew (Senlor Statutory ALFditor}
For and on behalf of Haysmacintyre LLP, Statutory Auditors
10 Queen Street Place
London
EC4R 1AG
32

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNLIAL REPORT AND ACCOUNTS
2021122
statement of Financial Acllvllle$
(Incorporallng the Income and Expendllvre Accovnl)
for Ihe Year Ended 31 March 2022
Note
Unrestrictéd Re5tri¢ted
funds
funds
Total
2022
Tolal
2021
Income
InGome from..
Donalions
3.369,634
9.979,500 13,349.134
13.186,951
Investments
4,945
4.945
18,379
Tolal in¢ome
3,374,579
9,979.500 13,354,079
13,205,330
Expenditure
Expenditure on."
Raising funds
207,809
25.000
232,809
226,845
Charitable activiti8s
4,289 404
9,869,714 14,159 118
12,526.785
Totsl Expenditure
4,497,213
9,894,714 14,391,927
12.753,630
Net Income l {axpendlturo)
(1,122.634)
84,786 (1,037.848)
451.700
Net movement in funds
(1.122.634)
84,786 (1.03T.848)
451,700
Fund balances brought
fon¥ard at l AprS12021
4 189 942
119573
4,309 $15
3,857,815
Fund balances carrlod
forward at 31 March 2022
14,1S
3 067.308
204,359
3 271667
4 309515
The statem8nt of financial activities indudes all gains and105ses recognised in the year.
All income and expenditure derive from continuing aclivities.
The notes on pages 33 to 49 fomi part of thes8 financial stalements.
33

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOLINTS
2021122
Balance Sheet
as at 31 March 2022
{Reglslered Company No. 03750674)
Note
2022
2021
Flxed assets
Tangible fixed assets
11.889
11,700
Current assets
Debtors
Cash at bank
10
170,967
14,688,123
228,578
14,398,876
14,859,090
14,627.454
Creditors- amounts falling due within one year
11
(7,900,042)
{7,696,787)
Not current assets
6 959.049
6,930.667
T¢)tal assets less current Ilabllitles
6,970,937
6,942.367
Creditors: amounts falling due after one year
12
(3,699,270)
12.632.852}
Net assats
3,271.667
4.309.515
Funds
ReslriGted fvnds
204.359
119.573
14
UnrestriL#ed funds
D85ignat8d funds
General funds
15
16
1,679.028
1.388,280
3,168,372
1,021,570
3.271.667
4,309,515
The accounts were approved by the Trustees, authorlsed for Issue and slgned on the Board's beha￿ by
YolanDa 8rown
Chair
f Trustees
Sam Ross
.inance and Audit Committee
ss
AYE694kk9/2022
DATE
1319/IL
The notes on pages 33 to 49 fomi part of these financial statements
34

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNIS
2021122
Statement of Cash Flows
for the Year Ended 31 March 2022
Note
2022
2021
Cash provided by operating activities
292.354
2.089,063
Cash flows from investing actlvlties
(Purchas8} of tangible fixed assets
Interest received
10
(8,052)
18,379
Cash provided by Investlng a￿1vItIeS
{3,107)
18,379
Chanye In ¢a$h and ¢a$h equlval¢nt$ durlng the
year
289,247
2,107,442
Cash and cash equivalents at the start of the year
14,398,876
12,291,434
Cash and cash equivalents at the end of the year
14,688,123
14,398.878
Reconciliation of net income to net cash flow
from operating activities
Ngt rnovgmènt in fvnds
(1,037.848)
451,700
Adjustments for
D8pre¢iation of tangible assets
Irbtere5t recewed
(Increase) I decrease in debtors
Increase in cred?tors
7,863
(4,945)
57,611
1269 673
8.757
118.379>
(117,6751
1,766,660
Not ￿$h general8d from operating activities
292,354
2.089,063
The notes on pages 33 to 49 fomi part of Ihese financial statements.
35

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021/22
Note5 to the aceovnts
lor the Year Ended 31 March 2022
1. A¢countlng pollcios
Basis of accounting
The fi'nancial ststements hav6 been pr6pared In accordan￿ with Accounting and Reporting by
Charities.. Statgmenl of Recommended Pracbce applicabl8 to charities preparing their accounts
in accordance with the Financial Reporting Slandard applicablo in the UK and Republic of
Ireland (FRS 102) - (Charities SORP 2015 [Se￿nd Edition, effective 1 January 2020). the
Finanaal ReFthing Standard applicable in the UK and Republic of Ireland (FRS 1021 and the
Companies Act 2006.
The National Foundation tor Youth Music meets the dsfmition of a public benefit entty under
FRS702. Assets and liabilities are inttially recognised at historical cost or transaction value
unless otherwise slated in Ihe relevant accounting FK)licy notes.
In the view of the Trustees in applying the accounting ptslicies adopted. no judgements ￿re
required that have a signifiGant effect on the amount5 recognised in the financial statements
nor do any estimates or assumptions made cary a signifi'cant risk of material adjustment in the
next financ¥al year.
Prsparatlon ofaccount8 on a ￿ng wncem basis
The Trustees have assessed whether the use of the going concem basis is appropriate and
have considered possible events or conditlons that might cast significant doubt on the ability of
the charity to continue as a goin9 concem. The Trustees have made this assessment f
period of at least one year from the date of approval of the financial staternents. In particular
the Trustees have considered the charity'5 forecasts and projections. After making enquiries
the Trustees have concluded that there is a reasonable expectation that the charity has
adequate resources to continug in operational 8XiStene£ for the fores8eable future. The charity
therefore continues lo ath)pt th@ going concern basis in proparing its financial statem&nts.
InGome
All grants and donations are accounted for gross when the Charity is entitled to the income,
receipt is probable and as long as they are capable of financial measurement.
Donated professional services and facilities are recognised on the basi8 of the value of the g
to the charity where it 15 practical to obtain such 8 value.
Lottery incom8'. Youth Music reG6ived proceed5 of lotteries held by People's Postcode Lottery
IPPL). Youth Music has no abilty lo aller the price of tickets. detemine the prize or reduce th8
management fee that is deducted from the net prO￿edS received. As such PPL is treated as
acting as the principal. Net proceeds due to Youth Music are recognised under donations in
the statement of finanual activities. The analysis of the proceeds is detsiled in note 19.
Grant incom8
Grants awarded to Youth Musrc during the year are rècognised when ther8 is sufficie
evidence as lo the entitlem8nt of income, there is probable future receipt and amounts
receivable are measurable.
36

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUIH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Nole5 to the accounts
lor the Year Ended 31 March 2022
1. Accountlng pollGios (continued
Expenditu
All expenditure is accounted for gross, induding VAT where applicable, as and when incurred.
Exp8nditur8 which related directly to Youth Music's char'rtable objectlves are analysed be￿een
the following activittes:
Programmes
Direct costs
Capacity buildirvJ
Included in these costs are grants payable. Programmes run for between six months and three
y8ar5 {see note 5).
Direct costs compris8 grant support Costs. Including direct labour, material and other cosls
relating directly to chariLqble adivities.
The costs of raisiThJ funds represent the costs of securing donations and fundraising events.
Staff and support costs (including govemance costs) relabng to rnore than one activtty have
been allocated to activsties on a basls consistent with the use of the resources, including
management estimate of time spent on activities and apportionment on a headcount basis.
Operating Leases
The costs in respect of operating leases are charged on a straight-line basis over the leas8
term. The value of any lease incentive received to take t)n an operating lease (for example,
rent-frèe periods) is recognised as other creditors and is released over the lrfe of the lease.
Pension cosls
Contributions to staff pergonal pension schemes are charged in the year in which they beGome
payable.
Tangible fixed assets
Tangible fixed assets are included at net book value.
Depreciation
Depreciation is provided to write off the (y)st, les3 estimated residual values, of 811 tanglble
rrxed assets, over their axpected useful lives. It is calculated at the following rates:
Electroni¢ equipment- 25¢/0
Computer equiprnent- 250/0
Fitlings and equipment- 25010
Assets below a cost of £1.000 are not capitslised.
37

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Notes to Ihe accounts
for Ihe Year Ended 31 March 2022
1. Accountlng policies (continued)
Grant commitments
Grants payabl• are payments made to third parties in furtheran￿ of the charitable obj'ectives
of the charity. Single or multi-year grants are recognised when. following Board approval, the
recipient receives the conditional offer of the grant. This is the case unless it cannot be
delem7ined with certainty that the recipient will meet these ¢ondttions. If at the balance sheet
date it is known that any grant liabiltty will not be fijlly claim8d. the liabilty Is correded to reflect
the true extent Df the likely claim.
Funds
Unrestricted funds are availab16 for use at Ihe discretion of the Trustees in furth8rance of the
general objectives of the charity. Designated funds are unrestricted funds that have been set
aside at the discretion of the Trustee5 for a specific purpose. Restricted funds are to be used in
accordance with specific restrfctions imposed by the donor or grantor.
Accounting judgements and estimat&s
The key judgements arKI estimates used in the preparation of these Finan￿al Slatements are
as follows:
The deprociation rate of tsngible fixed assets {as detalled above)
Support costs are apportioned to direct activities based on the direot staff costs
allocated to those activities
There are no other key assurnptions conceming the future and other k8y sources of estimation
uncertainty at the reporting date that have a signfficanl risk of causing a material adjustment lo
the carrying amourrts of assets and liabilities within the next fin8naal year.
2. Donations
2022
2021
Unrestrlcted
People's Postcode Lottery (note 18)
Baskin Foundation
Levi's Music Partnership
Turtle Bay
Cectl Pilkington
YouTube
Google
Marshall Amplification plc
London Communily Foundation
PayPal Givlng Fund
Other
3,125,000
21.466
50,000
30.000
6,000
2,683,254
14,500
14,394
13,000
6.000
4,000
3.500
19,059
114.609
77,470
3,369,634
2,812,618

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Notes to the accounts
tor the Year Ended 31 March 2022
2. DonatSons {continued)
Restricted
ACE
YouTube
Atherton Family Trust
Googlè
Achemy Foundation
TikTok
9,651,000
10,151,OOQ
57,573
53.760
52,000
50,000
10,000
25,000
303,500
9.979 500
9,697 334
Total Donations
13,349.134
13,186,951
3. Cost of ralslng funds
Allt)caled
Cost5
(note 6)
Current Year
DiTO¢t
costs
Total
2022
Total
2021
Cost of ralsing funds
159.232
73.577
232,809
302,797
Allocated
costs
(note 6
Prior Year
Dire
costs
Total
2021
Total
2020
Cost of raising funds
207,279
95,517
302,797
226,845
39

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAI FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOiINTS
2021122
Noles to the accounts
fow the Year Ended 31 March 2022
4. Cost of charitablo activifjes
Grants
awarded &
programmes
costs
Current Year
Other Allocated
dlre¢t
Costs
Costs
(note 6)
Total
2022
Total
2021
Programmes
12,533,091 1,052,573
371,058 13,956,722
12,310,097
Addttional Charitsbl8
Programm8 Infrastructure
143,275
59.121
202,396
216.688
Total
12,533,091 1,195,848
430,179 14,159,118
12.526,785
Grants
awarded &
programmes
costs
Prior Year
other Allocated
dlrect
Costs
costs
(note 6)
Total
2021
Total
2020
Programmes
11,089,209
854,248
366.640 12,310.097
11.089,209
Additional Charitable
Programme Infrastructure
154.703
81.985
216,688
Total
11.089,209 1,008,951
428,625 12,526,785
9.886,303
In some cases grant recipients do not always claim thelr awards in full and in those cases the
amounts are written back into the funding pot and granted out at the next funding round.

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Notes to the accounts
for the Year Ended 31 March 2022
S. Allocated support costs
Programmo$
Dlrect
inltiatlves
Cost of
raislng
funds
Total
2022
Total
2021
Curront Year
Governance
Staff Costs
Audit
Other
24.848
10.607
443
3,959
1.690
71
4,927
2,103
88
33,734
14,400
602
30,436
16.300
290
other support
Staff costs
External relations
Consultants and
temporary slaff
C8ntral ¢)ffic8
82,773
695
13,188
111
16,413
138
112.374
944
137.963
375
16,872
234,820
2,688
37,414
3,346
46,562
22,906
318,796
14,710
306,200
Tolal
371,058
59,121
73,577
503,756
506,275
Programmes
Direct
initiatives
Cost of
raisln9
funds
Total
2021
Total
2020
Prlor Year
Govemanc8
Staff costs
Audit
Olher
22,042
11,804
210
3,726
1,996
36
4,668
2.500
30,436
16,300
290
31,030
12,720
Other support
staff costs
External relations
Consultants and
temporary staff
Central office
99.912
272
16,891
46
21,160
58
137,963
375
98.730
185
10,653
221,747
1,801
37,489
2,256
46,964
14.710
306,200
29,912
301,491
Total
366.640
61,985
506,275
474,916
Staff. support and govemance costs including costs associated with IT, HR, financ8, propety
and other central services have been allocated to activities on the basis of staff time spent on
activities. The total of £503,698 {2021 £506,275) is split between allocations to the cost of
raising funds and the cost of charitable activities as shown in notes 4 and 5 respectively.
Governance costs include those costs incu￿ed In the govemance of the charity and its assets
and are primar51y associated with constitutional and statutory requirements.

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021/22
Notes lo the accounts
for the Year Ended 31 March 2022
6. Grants payablè and grant liablllties
2022
2021
Grants approved to third parb'es
Grants approved to individuals
Grants not utilised by recipients, written back
12,522,596
95,691
11,095.031
75,158
Nel grant expenditure for the year
12,384,738
11.019,873
Grants approved but unpaid at 1 A￿11
10.146,166
8,367,822
Paymenls made to grant r8CIPl8nts during the year
11.088 219
9 241,529
Grants approved but unpaid at 31 March
11,442,685
10,146,166
Youth Music make grants to InstitLrtions and individuals. Grants approved are paid out in
instalments during the period of the programme of 8clivity to which the grant relates. If,
following cornpletion or closure of a programme, any part of the grant remains undaimed. then
this is nomally written back against grant expenditure and granted out 8t Ihe next funding
round. The grant liability at any point In tfme represents the nel grants approved but unpaid at
that time.
A schedule showing a complete list of all grants made during the year is attached at the end of
th8s8 financial statemgnts as Appendix A.
7. Employ00 omolurnents
2022
2021
Total emoluments
- Wages
Employerfs National Insuran
Pension contributions
929,950
92.493
75.328
875,720
87,302
69,054
1,097,771
1,032,075
Other staff costs (indudlng staff insurance}
45.837
23,222
1,143,608
1,055,297
42

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Notes to the accounts
for Ihe Year Ended 31 March 2022
7, Employee emoluments {contlnued)
Employee emoluments In the band £60,000 - £70,000
Employee emoluments in the band £70,000 - £80.000
Employee emoluments in the band £80.000 - £90,000
Average headcounl during the year
27
23
Number of employoos (FfE)
2022
2021
Fundraislng
Communications
Support
Programrnes staff
17.7
14.7
25.8
23.2
Two Trustees (Nath￿a Jordan and Freddie Aitken) were remunerated £400 for consultancy
wort( In relation to the Recharge Fund during the year.
During the year no (2021: noné) Trustees received £nil (2021: £nil) for expenses consisting of
reimbursement of costs incurred attending truste6 meetings.
Key management personnel include the senior manag8ment team. The totsl 8mployee
benefits of the charity's key management personn81. induding employer's NIC, were £319,407
12021: £306,864).
8. Net Income for the year
2022
2021
This 1$ stated aftor charging:
Oper8ting leases- land and buildings
Depreciation
Audit fees (nel of VAT)
92,050
7.863
12,000
92.050
6.757
12,083

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021 /22
Notes to the accounls
for the Year Ended 31 March 2022
Tangible fixod assets
Fixture$
and
Fitttngs
Databa$0 Computsr
Total
Elactronlc
equlpment
Cost
As at 1 April 2021
Additions
73,209
27,804
145.826
8.052
246,839
8,052
At 31 March 2022
73,209
27.804
153,878
254,891
Accumulated depreciation
As at 1 April 2021
Charge for the year
73,209
27,804
134,126
7863
235,139
7,863
At 31 March 2022
73,209
27,804
141,989
243,002
Net book value
At 31 March 2022
11,889
11,889
At 31 March 2021
11,700
11,700
10. Dobtors
2022
2021
Other debtors
Prepayments
134,246
36,721
131,694
96.884
170,967
228,578
44

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Notes to the accounts
lor the Year Ended 31 March 2022
11. Credltors: amounts falling due withln one year
2022
2021
Trade creditors
Taxation and social S8Gurity
Accruals
Grants outstanding
other creditors
53,750
28.007
52,550
7,743,41 S
22,320
78,838
27,855
63,366
7,513,314
13,414
7,900.042
7,696,787
12. Credltors: amounts falllng duo after one yèar
2022
2021
Grants outstanding
3,699,270
2.632.852
3,699,270
2,632,852
Creditors falling due after one year conslst of grant liabilities in respect of projects that are
planned to run past March 2023 into later financial p8riods, i.e. Youth Music confirmed grants,
wh￿h cover a period of more than one financial year.
45

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNVAL REPORT AND ACCOUNTS
2021122
Notes to the accounts
for the Year Ended 31 March 2022
13. Financial Commltmants
At 31 March 2022 the charity had the followlng minimum lease commitments under Mn-
cancellable operating leases as sgt out b&low.'
Land and
Buildings
2022
Land and
Buildlngs
2021
Equipment
2022
Equlpmont
2021
Operating lease payments due
withln 1 year
Operating leaso payments due
within 2-5 years
4,353
136,990
46,025
148,669
14. Restricted funds
2022
Opening
balance
Income Expendiluro Transfers
Closlng
balance
ACE - Lottery
Alchemy Foundation
TikTok
Google
YouTube
9,651,000 19,651,000)
25,000
125,000>
303,500
{109,141)
152,000)
{57,573)
10,000
52,000
57,573
204,359
Total funds
119,573
9,979,500 (9,894,714
204,359
2021
Opening
balance
Income
Expendituro Transfers
Closing
balanoe
ACE- Lottery
Alchemy Foundation
TikTok
Atherton Famity Twst
Google
YouTube
10,151,000 (10,151.000)
50,000
(50,000)
10,000
53,760
52.000
57.573
10,OLIO
(53,760)
000
57,573
Total funds
10,374,333 (10.254,760)
119,5T3
46

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Notes to the accounts
for the Year Ended 31 March 2022
Re5td¢ted funds (Continued)
ACE- Lottery
The Lottery funding from ACE is restricted to Projects and programmes within England.
Towards the costs of increasing music opportunities for children and young people as set out
in an 'Agreed Programme"
Alchemy Foundation
Towards th8 Cost of Developrnent Director.
Atherton Famity Trust
Towards the cost of running a Fund B proj8cI in Stratford: a Fund A project in Kingslon-upon-
Thames., and a Fund A projert in Hackney.
TikTok
Towards the NextGen Fund
Google
Towards Ihe Incubator Fund
YouTube
Towards the Incubator Fund
47

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Notes to the accounts
for the Year Ended 31 March 2022
15. Unrestrl¢ted fvnd$
2022
Opaning
balance
Income Exp•nditure
Transfèrs
Closlng
balance
Deslgnated - capilal fund
11,700
189
11.889
Designated- PPL fund
3,156.672
3,125,000 14.431,9511
1.849,721
General funds
1.021.570
267.378
{79.404)
(189)
1,209,354
Tolal funds
4,189.942 3,392,378 14,511,355)
3,0711,964
2021
Openlng
balance
Income Expendlturo
Transfer8
Closlng
balance
Designated - capital fund
Designated - PPL fund
General funds
18.457
1.762,627
2.076,731
{6.757)
2,683,254 11,987.853}
698,644
334.325
(511,0171 1691,887}
11,700
3,156,672
1,021,570
Total funds
3,857,815
3,017,579 (2,498.870)
4,189,942
The designated Capital Fund is equal to the cost of th8 Foundation s fixed assets.

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Notes lo the accovnts
for the Year Ended 31 March 2022
16. Analysls of net assets between funds
Fund bala￿eS at 31 March 2022 are represented by:
Total
funds
2022
Designated
funds
General
nds
Restrictod
funds
Tangible fixed assels
Cu￿ent assets
abilities
11,889
11,889
1,667,139 1,544,907
11,647,044
14,859,091
(156,627) (11,442.685) (11,599,312)
Total net assets
1,679.028 1,388,281
204,359
3,271,668
Fund balances at 31 March 2021 are represented by:
Dèsignated
funds
General
funds
Restricted
funds
Total
funds
Tangible fixed assets
Current assets
Liabilities
11,700
3.156,672
11.700
1,205,043
10,265,739
14.627,454
1183,4731 (10,146,166) {10,329,6391
Totsl net assets
3,168,372
1,021,570
119,573
4,309.515
17. Related party transa¢tlons
There were two related party transactlons in the year: Freddie AiU(en and Nathlfa Jordan (Culture
Mix) both received a fee of £400 in relation lo oonsultancy provided in relation lo the Recharge
Fund, March 2022.
49

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024
THE NATIONAL FOUNDATION FOR YOUTH MUSIC ANNUAL REPORT AND ACCOUNTS
2021122
Notes to the occounts
for the Year Ended 31 March 2022
18. People's Postcode Lottery (PPL) Incomé
As set out in note 1, income of £3.125,000 was tsceived from PPL in the form of a grant. In 2022
£0 net procgeds of lottèries were ro¢0ived.
2022
2021
Total paid tid(et in draw
Actual priz85 total
Management fee
8,385.170
(3,354,068)
(2.347.847)
Net proceeds rec8ived
2,683,255
50

Docusign En¥ÈlopÈ ID". 6B4257D4-26024B41-867B-1E9429A55024