CHARITY REGISTRATION NUMBER: 1085724
The National Youth Brass Band of Great Britain
Unaudited Financial Statements
31 March 2024
The National Youth Brass Band of Great Britain
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 9 |
| Statement of financial activities | 10 |
| Statement of financial position | 11 |
| Notes to the financial statements | 12 |
The National Youth Brass Band of Great Britain
Trustees' Annual Report
Year ended 31 March 2024
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.
Reference and administrative details
Registered charity name The National Youth Brass Band of Great Britain Charity registration number 1085724 Principal office 7 Regents Mews Biddenham Bedford MK40 4DL
The trustees
Mr Harry R Armor Mr Brett Baker (Resigned 8 November 2023) Mr Duncan A Beckley Mr Sean L Chandler (Resigned 22 July 2023) Ms Lorraine Childs Mr Ewan Easton Ms Lisa Fitzgerald-Lombard Mr John M Gillam Mr Philip Goodwin Mr Trevor J Green (Resigned 29 May 2023) Mr Stephen P Plant (Resigned 10 Dec 2024) Mr Richard Robinson (Resigned 22 July 2023) Mr Daniel Stenhouse Mr Gary Walczak Mrs Monica Walczak Mr Stuart A Watts OBE (Resigned 22 July 2023) Mr Kevin Webb (Appointed 1 April 2024) Mr Samuel Hairsine (Appointed 29 August 2023) Mrs Susan Hughes (Appointed 29 August 2023) Mr Alun F Williams
(Resigned 22 July 2023) (Appointed 1 April 2024) (Appointed 29 August 2023) (Appointed 29 August 2023) (Resigned 30 October 2023)
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The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2024
| Founder President Vice presidents Chief Executive Officer Director of Artistic Planning Operations Manager Audience Development Manager Funding Development Manager Finance Manager Web site Independent examiner Bankers Solicitors |
Dr Denis Wright E Howarth G Brand (Died 5 February 2023) H R Armor Mark Bromley Dr Robert Childs Richard Milton Pearl Lovegrove Louise Shaw Philip Holt FCA FCIE www.nybbgb.org.uk Mrs Helen Binns FCA Beever and Struthers, Chartered Accountants One Express 1 George Leigh Street Manchester M4 5DL Barclays Bank plc Reliance Bank MetroBank plc Slater Heelis 86 Deansgate Manchester M3 2ER |
|---|---|
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The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2024
Structure, governance and management
History
The National Youth Brass Band of Great Britain ("the Band" or "the Charity") was established in 1952.
On 14th November 2000, a Company Limited by Guarantee was incorporated and subsequently registered as a charity on 22 March 2001. The transfer of the assets of the un-incorporated charity to the limited company was completed on 15 January 2002.
At a general meeting on 31st October 2020, the trustees resolved to convert from a charitable company to a charitable incorporated organisation (CIO) and appointed seven trustees to be the "first trustees" of The National Youth Brass Band of Great Britain CIO. The main task of these trustees was to work with management to operationalise the CIO as a functioning entity. The conversion, using the foundation model, was completed, and registered at Companies House and the Charity Commission on 3rd March 2021. A further 10 Trustees were appointed on 25th March 2021.
Governing document
The Charity is governed by a foundation model constitution adopted on 22 February 2021.
The members of the CIO are its charity trustees and the only persons eligible to be members of the CIO are its charity trustees. Membership of the CIO cannot be transferred to anyone else.
Sub-committees
The Finance Committee is a sub-committee of the Board of Trustees, comprises Mr Stephen Plant, Mr Gary Walczak and Mr Trevor Green (to 29 May 2023). This sub-committee monitors the charity finances and budgets, approves and authorises charity payments and reports to the Board of Trustees at each full meeting of Trustees. Mr Danny Stenhouse joined the Finance Committee during the year.
The Safeguarding Committee is a sub-committee of the Board of Trustees, comprises Mr John Gillam, Ms Lisa Fitzgerald-Lombard, Mr Gary Walczak, Mrs Monica Walczak, Mr Danny Stenhouse and Mrs Lorraine Childs. This sub-committee monitors the charity's approach to safeguarding and child protection and reports to the Board of Trustees at each full meeting of Trustees.
Trevor J Green
The Trustees were very sad to report that trustee Trevor Green died on 29 May 2023. He was a trustee of the charity since July 2019 and had a distinguished career in music, championing young talent through his roles in numerous orchestras including the BBC Philharmonic and Melbourne Symphony Orchestra.
Geoffrey Brand
The Trustees were sad to learn of the death of Vice President Geoffrey Brand on 5 February 2023. Geoffrey was a Vice President of the organisation and a former Music Director and Council Member. A tribute concert was held in his honour on 6 April 2024.
3
The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2024
Structure, governance and management (continued)
Recruitment and Appointment
The Trustees of the charity serve for a term of 3 years after which they can be re-elected for a further term of 3 years. Following a second term Trustees must retire for a minimum of two years following which they may be considered for re-election.
Three new trustees, Sam Hairsine, Sue Hughes and Kevin Webb were appointed during the year.
Organisation
The Board of Trustees meet regularly to administer the Charity. They are supported by the Chief Executive Officer who oversees the day-to-day operation of the Charity.
Risk Management
The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations of the charity and are satisfied that systems are in place to mitigate exposure to the major risks facing the charity. The Trustees have also put into place mechanisms to frequently review potential risks and the measures in place to mitigate those risks.
Objectives and activities
Objectives
The objects of The National Youth Brass Band of Great Britain CIO are:
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To advance education and in particular education in music and to encourage and advance education and training of children and young people in the playing of brass band instruments.
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To form and run on a national basis in Great Britain a children's brass band, youth brass band and other ensembles composed of such persons.
4
The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2024
Objectives and activities (continued)
Activities
The Charity comprises a Youth Band, a Children's Band and an Ambassador Ensemble.
The Charity selects young people between the ages of 14 and 19, by way of audition across the length and breadth of the country, for the Youth Band. The Youth Band holds two residential courses each year at which the young people receive training in the playing of brass bands instruments. The Charity promotes the playing of brass band instruments by the young people by organising several concerts and events each year at which they perform.
The Charity also includes a Children's Band for selected children aged between the ages of 8 and 14. The Children's Band holds one residential course each year at which the children receive training in the playing of brass bands instruments. The Charity then promotes the playing of brass band instruments by the children by organising several concerts and events at which they perform. Membership of the Children's Band is also gained by way of audition.
The Charity also includes the work of a Children's Band for children aged between the ages of 8 and 14. The Children's Band holds one residential course each year at which the children receive training in the playing of brass bands instruments. The Charity then promotes the playing of brass band instruments by the children by organising several concerts and events at which they perform. Membership of the Children's Band is also gained by way of audition.
The Ambassador Ensemble is made up of senior members of the Youth Band and recent alumni and plays and schools and other events both to create awareness of the Charity and its aims, and to encourage children and young people to take up the playing of brass instruments and/or audition.
When planning our activities for the year the Trustees have considered the Charity Commission's guidance on public benefit, including the guidance "public benefit: running a charity (PB2)" and how those activities will contribute to the charities aims and objectives as detailed below.
The Trustees have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance, as published by the Charities Commission.
5
The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2024
Achievements and performance
The National Youth Brass Band of Great Britain (NYBBGB) undertook a broad array of activities and entered two new partnerships in 2023/24, emphasising its commitment to musical excellence, education, and social responsibility.
1. Partnerships:
British Army Music: A new partnership that promises exciting performance and educational projects.
The Wildlife Trusts: A collaboration aimed at raising awareness about nature and the climate crisis, particularly, in 2024/25, through a major new work commissioned from Sir Karl Jenkins.
2. Residential Courses and Concerts:
The Children’s and Youth Bands participated in residencies at Repton School (Easter) and Wymondham College (Summer), engaging with our new partner organisations, and receiving world class tutoring.
Their concerts featuring world premieres of new compositions by both established and young composers (selected from the finalists of our young composers' competition) were led by guest conductors Stephen Cobb, Sarah Ioannides and Mareika Gray and featured guest soloists Philip Cobb, Scott Hartman and Simone Rebello.
Further performance opportunities were afforded to the Children’s Band at Symphony Hall, Birmingham and for the Youth Band at King Edward’s school, Edgbaston and St Martin in the Fields, London under guest conductors Mareika Gray, Stephen Cobb and Chris King.
3. Conducting Competition:
Supported by the Garrick Charitable Trust, the competition offered young conductors the opportunity to show off their skills working with the Youth Band on a significant piece of brass band repertoire.
The live final was hosted by British Army Music in Tidworth, providing valuable experience and recognition for the aspiring conductors.
Overall winner Joshua Parkhill will now have the opportunity to work alongside and be mentored by Professor David King at the Youth Band 2024 summer residential.
4. Continuing Education:
A focus on building awareness through school tours and nurturing talent through mentorship, workshops, and partnerships with established musicians and organisations.
The Ambassador Ensemble toured eight schools in East London during the summer. Emphasis was placed on diversity and inclusivity, encouraging participation from all backgrounds.
5. Future Outlook:
The NYBBGB's is committed to fostering a vibrant musical culture and addressing societal challenges through innovative collaborations and educational initiatives.
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The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2024
Striving for excellence while maintaining a strong sense of community and social responsibility remains a core objective.
In conclusion, the NYBBGB's activities over 2023/24 reflected a broad-ranging approach to music education, performance, and social engagement. Through strategic partnerships, educational programs, and support for young talent, the organisation made a significant impact on the brass band landscape while promoting positive change in wider society.
The Trustees thank everyone who has donated to our Bursary Fund, it is so important that no talented child or young person misses out on the opportunity to play in our amazing bands simply because of financial hardship.
In conclusion, the NYBBGB's activities over 2023/24 reflected a broad-ranging approach to music education, performance, and social engagement. Through strategic partnerships, educational programs, and support for young talent, the organisation made a significant impact on the brass band landscape while promoting positive change in wider society.
A final thanks goes to all our funders, staff, musicians and supporters. We could not do this without you.
Grants and Awards
During the period, the Charity awarded 35 grants, totalling £17,978 to individual players (2023 - 26 grants to individuals totalling £12,995). Some of these grants were from a number of restricted funds and the balances on these funds, to be used in future periods, amounted to £4,425 (2023 - £6,491).
Financial review
During the period, the Charity received donations amounting to £24,336 (2023 - £26,092), gifts under the Friends Scheme of £2,972 (2023 - £3,015) which included related Gift Aid claims of £– (2023 - £–) and grant funding totalling £150,564 (2023 - £135,963).
The total expenditure on charitable activities amounted to £312,753 (2023 - £283,896) with governance and other resources expensed totalled £27,269 (2023 - £25,369) during the year.
The total reserves at the year end stand at £228,360 (2023 - £249,480). The total fixed assets of the charity amounted to £5,185 (2023 - £5,281).
In-kind Support
The Charity received in kind support of £5,000 (2023 - £4,000) from the Royal Marines Band Service ("RMBS"), British Army Music ("BAM") and the Wildlife Trusts ("WT") as part of the partnership agreements during the period. This included:
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a) supporting and taking part in a concert performance in Edgbaston, Birmingham in April 2023 (£2,000 - RMBS);
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b) making an officer available to judge the Harry Mortimer competition at the Summer 2023 Youth Band residential course (£500 - BAM)
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c) making staff available for environmental seminars during the summer courses (£500 - WT)
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d) hosting the conducting competition at Tidworth Garrison theatre (£2,000 - BAM)
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The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2024
Financial review (continued)
Reserves Policy
The funds are necessary to enable the charity to fulfil its objectives, to meet existing commitments and to enable the charity to meet its day to day working capital requirements.
The trustees seek to maintain a level of free reserves (that is funds not tied up in fixed assets and restricted funds) that will enable the Charity to sustain its operation over a period when the income generation may be curtailed temporarily or permanently.
At their meeting on 14 May 2022, Trustees approved a new Reserves Policy to ensure that the Charity retains sufficient resources to continue normal activity in the event of a cessation of funding (equivalent to the net cost of two residential courses and some six months of core costs) plus sufficient resources to wind the Charity up in a proper fashion, should Trustees so decide. In financial terms this now equates to around £130,000.
At the year end, the unrestricted undesignated free reserve was £76,930 (2023 - £109,095) which represents about 10 months (2023 - 11 months) of fundraising and support costs for the year.
Plans for future periods
In accordance with the business plan the Trustees are looking to explore further projects to achieve the charity's objectives. A full programme of residential courses (Taunton School and Stonyhurst College), concerts (the Royal Welsh College, the Tung Auditorium Liverpool, Liverpool Philharmonic Hall, the Royal Festival Hall London, the Martyn Harris Centre Manchester, Blackburn Cathedral, St Martin in the Fields London and Symphony Hall Birmingham) and events (music education tour in Bedfordshire and Milton Keynes and a brass workshop and concert at the Stables Wavendon) is planned for 2024/25.
The trustees' annual report was approved on 20 July 2024 and signed on behalf of the board of trustees by:
MR JOHN M GILLAM Trustee
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The National Youth Brass Band of Great Britain
Independent Examiner's Report to the Trustees of The National Youth Brass Band of Great Britain
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of The National Youth Brass Band of Great Britain ('the charity') for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
MRS HELEN BINNS FCA
Independent Examiner
Beever and Struthers, Chartered Accountants One Express 1 George Leigh Street Manchester M4 5DL
28 January 2025
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The National Youth Brass Band of Great Britain
Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 9,463 | 173,409 | 182,872 | 169,070 |
| Charitable activities | 5 | 155,593 | – | 155,593 | 123,865 |
| Other trading activities | 6 | 1,050 | – | 1,050 | 6,867 |
| Investment income | 7 | 1,639 | – | 1,639 | 677 |
| Other income | 8 | – | 1,226 | 1,226 | – |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Total income | 167,745 | 174,635 | 342,380 | 300,479 | |
| =================================== | =================================== | =================================== | =================================== | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 9 | 1,096 | 18,071 | 19,167 | 20,962 |
| Costs of other trading activities | 10 | 1,324 | 2,987 | 4,311 | 7,258 |
| Expenditure on charitable activities | 11,12 | 1,689 | 338,237 | 339,926 | 309,660 |
| ------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Total expenditure | 4,109 | 359,295 | 363,404 | 337,880 | |
| ========================= | =================================== | =================================== | =================================== | ||
| Net (losses)/gains on investments | 15 | (96) | – | (96) | 395 |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Net expenditure | 163,540 | (184,660) | (21,120) | (37,006) | |
| =================================== | =================================== | =================================== | =================================== | ||
| Transfers between funds | (190,506) | 190,506 | – | – | |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Net movement in funds | (26,966) | 5,846 | (21,120) | (37,006) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 240,104 | 9,376 | 249,480 | 286,486 | |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Total funds carried forward | 213,138 | 15,222 | 228,360 | 249,480 | |
| =================================== | =================================== | =================================== | =================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 12 to 29 form part of these financial statements.
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The National Youth Brass Band of Great Britain
Statement of Financial Position
31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Investments | 20 | 5,185 | 5,281 |
| Current assets | |||
| Stocks | 22 | – | 1,324 |
| Debtors | 23 | 31,086 | 44,114 |
| Cash at bank and in hand | 259,366 | 298,139 | |
| ----------------------------------- | ----------------------------------- | ||
| 290,452 | 343,577 | ||
| Creditors: amounts falling due within one year | 24 | 67,277 | 99,378 |
| ----------------------------------- | ----------------------------------- | ||
| Net current assets | 223,175 | 244,199 | |
| ----------------------------------- | ----------------------------------- | ||
| Total assets less current liabilities | 228,360 | 249,480 | |
| ----------------------------------- | ----------------------------------- | ||
| Net assets | 228,360 | 249,480 | |
| =================================== | =================================== | ||
| Funds of the charity | |||
| Restricted funds | 15,222 | 9,376 | |
| Unrestricted funds | 213,138 | 240,104 | |
| ----------------------------------- | ----------------------------------- | ||
| Total charity funds | 27 | 228,360 | 249,480 |
| =================================== | =================================== |
These financial statements were approved by the board of trustees and authorised for issue on 20 July 2024, and are signed on behalf of the board by:
MR JOHN M GILLAM
Trustee
The notes on pages 12 to 29 form part of these financial statements.
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The National Youth Brass Band of Great Britain
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 7 Regents Mews, Biddenham, Bedford, MK40 4DL.
2. Statement of compliance
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair view'. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
The current accounting period was the year from 1 April 2023 to 31 March 2024. The comparative figures were for the prior period of 12 months from 1 April 2022 to 31 March 2023.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
12
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Disclosure exemptions
The charity does not include a cash flow statement on the grounds that it is applying the Charities SORP (FRS 102) for smaller charities.
Judgements and key sources of estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities, within the next financial year, are the levels of future funding and expenditure on charitable activities.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
13
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
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The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Investments (continued)
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Where investments in shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
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The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations received | 6,491 | 2,987 | 9,478 |
| Income bursary donations | – | 11,858 | 11,858 |
| Income from trusts and foundations | – | 3,000 | 3,000 |
| Arnold Clark Community Fund | – | – | – |
| Gifts | |||
| Friends Income (including Gift Aid) | 2,972 | – | 2,972 |
| Grants | |||
| Arts Council England | – | 119,264 | 119,264 |
| Worshipful Company of Musicians | – | 1,300 | 1,300 |
| Simon Gibson Charitable Trust | – | – | – |
| 29th May 1961 Charity | – | 2,000 | 2,000 |
| Golonscott Foundation | – | – | – |
| Hobsons Charity | – | – | – |
| Lepus Productions | – | – | – |
| Garrick Charitable Trust | – | 3,000 | 3,000 |
| Marchus Trust | – | 5,000 | 5,000 |
| Colwinston Charitable Trust | – | 15,000 | 15,000 |
| Kathleen Hannay Memorial Charity | – | 5,000 | 5,000 |
| Other donations and legacies | |||
| The Royal Marines Band Service | – | 2,000 | 2,000 |
| British Army Music | – | 2,500 | 2,500 |
| Wildlife Trust | – | 500 | 500 |
| ------------------------- | ----------------------------------- | ----------------------------------- | |
| 9,463 | 173,409 | 182,872 | |
| ========================= | =================================== | =================================== |
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The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
4. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2023 | ||
| Donations | £ | £ | £ | |
| Donations received | 12,675 | 7,417 | 20,092 | |
| Income bursary donations | – | – | – | |
| Income from trusts and foundations | – | 5,000 | 5,000 | |
| Arnold Clark Community Fund | – | 1,000 | 1,000 | |
| Gifts | ||||
| Friends Income (including Gift Aid) | 3,015 | – | 3,015 | |
| Grants | ||||
| Arts Council England | – | 119,263 | 119,263 | |
| Worshipful Company of Musicians | – | 1,200 | 1,200 | |
| Simon Gibson Charitable Trust | – | 5,000 | 5,000 | |
| 29th May 1961 Charity | – | – | – | |
| Golonscott Foundation | – | 1,000 | 1,000 | |
| Hobsons Charity | – | 1,500 | 1,500 | |
| Lepus Productions | – | 8,000 | 8,000 | |
| Garrick Charitable Trust | – | – | – | |
| Marchus Trust | – | – | – | |
| Colwinston Charitable Trust | – | – | – | |
| Kathleen Hannay Memorial Charity | – | – | – | |
| Other donations and legacies | ||||
| The Royal Marines Band Service | – | 4,000 | 4,000 | |
| British Army Music | – | – | – | |
| Wildlife Trust | – | – | – | |
| ------------------------------ | ----------------------------------- | ----------------------------------- | ||
| 15,690 | 153,380 | 169,070 | ||
| ============================== | =================================== | =================================== | ||
| 5. | Charitable activities | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Easter course | 54,438 | – | 54,438 | |
| Summer course | 51,700 | – | 51,700 | |
| NCBBGB course | 35,594 | – | 35,594 | |
| Concerts | 13,861 | – | 13,861 | |
| ----------------------------------- | --------------- | ----------------------------------- | ||
| 155,593 | – | 155,593 | ||
| =================================== | =============== | =================================== | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Easter course | 42,750 | – | 42,750 | |
| Summer course | 41,450 | – | 41,450 | |
| NCBBGB course | 29,165 | – | 29,165 | |
| Concerts | 10,157 | 343 | 10,500 | |
| ----------------------------------- | --------------- | ----------------------------------- | ||
| 123,522 | 343 | 123,865 | ||
| =================================== | =============== | =================================== |
17
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Income from sale of merchandise | 1,050 | 1,050 | 6,867 | 6,867 | |
| ========================= | ========================= | ========================= | ========================= | ||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Investment income | 1,639 | 1,639 | 677 | 677 | |
| ========================= | ========================= | =============== | =============== | ||
| 8. | Other income | ||||
| Restricted | Total Funds | Restricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Royalties from exploitation of | |||||
| intellectual property rights | 1,226 | 1,226 | – | – | |
| ========================= | ========================= | =============== | =============== | ||
| 9. | Costs of raising donations and legacies | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Costs of raising donations and legacies | 1,096 | 18,071 | 19,167 | ||
| ========================= | ============================== | ============================== | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Costs of raising donations and legacies | – | 20,962 | 20,962 | ||
| =============== | ============================== | ============================== | |||
| 10. | Costs of other trading activities | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Costs of merchandise purchased | 1,324 | 2,987 | 4,311 | ||
| ========================= | ========================= | ========================= | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Costs of merchandise purchased | 7,258 | – | 7,258 | ||
| ========================= | =============== | ========================= |
18
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
11. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Courses and Awards | – | 227,853 | 227,853 |
| Concerts and Auditions | 125 | 16,225 | 16,350 |
| Support costs | 1,564 | 94,159 | 95,723 |
| ------------------------- | ----------------------------------- | ----------------------------------- | |
| 1,689 | 338,237 | 339,926 | |
| ========================= | =================================== | =================================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Courses and Awards | 162 | 175,886 | 176,048 |
| Concerts and Auditions | – | 32,810 | 32,810 |
| Support costs | 6,447 | 94,355 | 100,802 |
| ------------------------- | ----------------------------------- | ----------------------------------- | |
| 6,609 | 303,051 | 309,660 | |
| ========================= | =================================== | =================================== |
12. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding |
Total funds | Total fund | ||
| directly | of activities |
Support costs | 2024 | 2023 | |
| £ | £ | £ | £ | £ | |
| Courses and Awards | 209,875 | 17,978 |
68,550 | 296,403 | 251,086 |
| Concerts and Auditions | 16,350 | – |
– | 16,350 | 32,810 |
| Governance costs | – | – |
27,173 | 27,173 | 25,764 |
| ----------------------------------- | ------------------------------ | ------------------------------ | ----------------------------------- | ----------------------------------- | |
| 226,225 | 17,978 |
95,723 | 339,926 | 309,660 | |
| =================================== | ============================== | ============================== | =================================== | =================================== |
13. Analysis of support costs
| Courses and | Governance | |||
|---|---|---|---|---|
| Awards | costs | Total 2024 | Total 2023 | |
| £ | £ | £ | £ | |
| Staff costs | 20,578 | – | 20,578 | 20,083 |
| Premises | 977 | – | 977 | 943 |
| Communications and IT | 2,455 | – | 2,455 | 8,078 |
| Finance costs | 1,152 | – | 1,152 | 1,698 |
| Governance costs | – | 27,173 | 27,173 | 25,764 |
| Miscellaneous costs | – | – | – | 101 |
| Travel and meeting costs | 1,444 | – | 1,444 | 1,001 |
| Professional and consultancy fees | 35,748 | – | 35,748 | 39,405 |
| Training costs | 4,206 | – | 4,206 | 2,046 |
| Library and archive storage | 1,990 | – | 1,990 | 1,683 |
| ------------------------------ | ------------------------------ | ------------------------------ | ----------------------------------- | |
| 68,550 | 27,173 | 95,723 | 100,802 | |
| ============================== | ============================== | ============================== | =================================== |
19
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
13. Analysis of support costs (continued)
In the current and previous year, the support costs included governance costs as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Salaries | 21,000 | 20,500 |
| Pension costs | 443 | 428 |
| Independent Examiners fees | 1,386 | 1,320 |
| Legal, professional and consultancy fees | 2,500 | 2,250 |
| Council meetings | 1,844 | 1,266 |
| ------------------------------ | ------------------------------ | |
| 27,173 | 25,764 | |
| ============================== | ============================== |
14. Analysis of grants
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Grants to individuals | ||
| 4 Competition prizes (2023 - 1) | 1,633 | 745 |
| 2 Worshipful Company of Musicians Award to individuals (2023 - 2) | 1,200 | 1,200 |
| 1 The William Patterson Trophy Award (2023 - 1) | 50 | 50 |
| 28 Grants to individuals (2023 - 22) | 15,095 | 11,000 |
| ------------------------------ | ------------------------------ | |
| 17,978 | 12,995 | |
| ------------------------------ | ------------------------------ | |
| Total grants | 17,978 | 12,995 |
| ============================== | ============================== |
15. Net (losses)/gains on investments
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Gains/(losses) on listed investments | (96) | (96) | 395 | 395 |
| =============== | =============== | =============== | =============== | |
| Independent examination fees | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Fees payable to the independent examiner | for: | |||
| Independent examination of the financial | statements | 1,386 | 1,320 | |
| ========================= | ========================= |
16. Independent examination fees
20
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
17. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 54,600 | 53,300 |
| Employer contributions to pension plans | 1,077 | 1,037 |
| ------------------------------ | ------------------------------ | |
| 55,677 | 54,337 | |
| ============================== | ============================== |
The average head count of employees during the year was 3 (2023: 3). The average number of full-time equivalent employees during the year is analysed as follows:
| 2024 | 2023 | |
|---|---|---|
| No. | No. | |
| Band management | 1 | 1 |
| Administration | 2 | 2 |
| --------------- | --------------- | |
| 3 | 3 | |
| =============== | =============== |
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £21,000 (2023:£20,500).
18. Trustee remuneration and expenses
None of the Trustees received any emoluments or honoraria, during the current or previous year.
Indemnity insurance is taken out to cover the potential liability of trustees.
During the period, 9 Trustees were reimbursed expenses and received fees amounting to £11,601 (2023 7 trustees - £11,038).
19. Transfers between funds
The transfer from Unrestricted Reserves to the Arts Council Fund of £190,506 arose as a result of the excess of expenditure over income on this restricted fund.
21
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
20. Investments
| Shares in | |||
|---|---|---|---|
| Listed | group | ||
| investments | undertakings | Total | |
| £ | £ | £ | |
| Cost or valuation | |||
| At 1 April 2023 | 5,280 | 1 | 5,281 |
| Additions | – | – | – |
| Fair value movements | (96) | – | (96) |
| ------------------------- | --------------- | ------------------------- | |
| At 31 March 2024 | 5,184 | 1 | 5,185 |
| ========================= | =============== | ========================= | |
| Impairment | |||
| At 1 April 2023 and 31 March 2024 | – | – | |
| =============== | ========================= | ||
| Carrying amount | |||
| At 31 March 2024 | 5,184 | 1 | 5,185 |
| ========================= | =============== | ========================= | |
| At 31 March 2023 | 5,280 | 1 | 5,281 |
| ========================= | =============== | ========================= | |
| The above carrying amounts are recognised as follows: | |||
| Shares in | |||
| Listed | group | ||
| investments | undertakings | Total | |
| £ | £ | £ | |
| At 31 March 2024 | |||
| Held at fair value | 5,184 | – | 5,184 |
| Held at historical cost less impairment | – | 1 | 1 |
| ========================= | =============== | ========================= | |
| At 31 March 2023 | |||
| Held at fair value | 5,280 | – | 5,280 |
| Held at historical cost less impairment | – | 1 | 1 |
| ========================= | =============== | ========================= |
Listed investments
The aggregate market value of listed investments is £5,184 (2023: £5,280).
Financial assets held at fair value
Valuation
All investments are carried at their fair value. Investment in equities and fixed interest securities are all traded in quoted public markets, primarily the London Stock Exchange. Holdings in common investment funds, unit trusts and open ended investment companies are at the bid price. Asset sales and purchases are recognised at the date of trade at cost (that is their transaction value).
The significance of financial instruments to the ongoing financial sustainability of the charity is considered in the financial review and investment policy and performance sections of the Trustees' Annual Report.
22
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
21. Investment entities
Since 30 November 2015, the company has owned 100% of the issued share capital of The National Children's Brass Band of Great Britain Limited, a company registered in England and Wales.
The National Children's Brass Band of Great Britain Limited is dormant and has never traded. The Charity is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the Charity as an individual entity.
22. Stocks
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Finished goods and goods for resale | – | 1,324 | |
| =============== | ========================= | ||
| 23. | Debtors | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade debtors | 1,645 | 340 | |
| Prepayments and accrued income | 27,282 | 42,534 | |
| Other debtors | 2,159 | 1,240 | |
| ------------------------------ | ------------------------------ | ||
| 31,086 | 44,114 | ||
| ============================== | ============================== | ||
| 24. | Creditors: amounts falling due within one year | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors | 867 | 37,358 | |
| Accruals and deferred income | 60,219 | 59,323 | |
| Social security and other taxes | 4,797 | 1,214 | |
| Amounts due on unpaid share capital of subsidiary undertaking | 1 | 1 | |
| Other creditors | 1,393 | 1,482 | |
| ------------------------------ | ------------------------------ | ||
| 67,277 | 99,378 | ||
| ============================== | ============================== | ||
| 25. | Deferred income | ||
| 2024 | 2023 | ||
| £ | £ | ||
| At 1 April 2023 | 53,677 | 42,744 | |
| Amount released to income | (53,677) | (42,744) | |
| Amount deferred in year | 50,810 | 53,677 | |
| ------------------------------ | ------------------------------ | ||
| At 31 March 2024 | 50,810 | 53,677 | |
| ============================== | ============================== |
23
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
26. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,077 (2023: £1,037).
27. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At 1 Apr | Gains and | At 31 Mar | ||||
| 2023 | Income | Expenditure | Transfers | losses | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| General funds | 109,095 | 167,745 | (4,109) | (190,506) | – | 82,225 |
| Maud Wright | ||||||
| Fund | – | – | – | – | – | – |
| Revaluation | ||||||
| Reserve Fund | 1,009 | – | – | – | (96) | 913 |
| Continuity Fund | 70,000 | – | – | – | – | 70,000 |
| Residential Course | ||||||
| Fund | 40,000 | – | – | – | – | 40,000 |
| Dissolution Fund | 20,000 | – | – | – | – | 20,000 |
| Bursary Fund | – | – | – | – | – | – |
| ----------------------------------- | ----------------------------------- | ------------------------- | ----------------------------------- | --------------- | ----------------------------------- | |
| 240,104 | 167,745 | (4,109) | (190,506) | (96) | 213,138 | |
| =================================== | =================================== | ========================= | =================================== | =============== | =================================== | |
| At 1 Apr | Gains and | At 31 Mar | ||||
| 2022 | Income | Expenditure | Transfers | losses | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| General funds | 179,094 | 139,756 | (6,867) | (202,888) | – | 109,095 |
| Maud Wright | ||||||
| Fund | 83,127 | – | – | (83,127) | – | – |
| Revaluation | ||||||
| Reserve Fund | 614 | – | – | – | 395 | 1,009 |
| Continuity Fund | – | – | – | 70,000 | – | 70,000 |
| Residential Course | ||||||
| Fund | – | – | – | 40,000 | – | 40,000 |
| Dissolution Fund | – | – | – | 20,000 | – | 20,000 |
| Bursary Fund | – | 7,000 | (7,000) | – | – | – |
| ----------------------------------- | ----------------------------------- | ------------------------------ | ----------------------------------- | --------------- | ----------------------------------- | |
| 262,835 | 146,756 | (13,867) | (156,015) | 395 | 240,104 | |
| =================================== | =================================== | ============================== | =================================== | =============== | =================================== |
24
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
27. Analysis of charitable funds (continued)
Maud Wright Fund - this unrestricted fund represents the donations received from the Estate of the Late Mrs Maud Wright for the charitable activities of the Charity in respect of the Youth Band and the Children's Band.
Revaluation Reserve Fund - this unrestricted fund represents the aggregate unrealised gains on the revaluation of the investments held by the Charity which are marked to market at the end of each accounting period.
Continuity Fund - This designated fund is to be used to ensure the short term continuation of the organisation in the event of i) any delay in receiving expected grants or funding or ii) the cessation of any expected grants or funding. Short term continuation is defined as six months core management costs.
Residential Courses Fund - This designated fund is to be used to fund the net expenses of one Youth Band and one Children’s Band residential course in the event of i) any delay in receiving expected grants or funding or ii) the cessation of any expected grants or funding.
Dissolution Fund - This designated fund provides for the costs of dissolution should the organisation be unable to continue. It is only to be used in the event of the Trustees' deciding that the charity should cease to exist. It will be used to pay notice periods, redundancies and the expenses of winding up The National Youth Brass Band of Great Britain until closure.
Bursary Fund- this designated fund represents donations received from individual donors and charities and companies which the Trustees have expressed a wish that it be used to support the Charity Bursary programme. These funds are used to provide bursary funds to participants to the courses and concerts put on by the Charity.
25
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
27. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At 1 Apr | Gains and | At 31 Mar | ||||
| 2023 | Income | Expenditure | Transfers | losses | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| William Patterson | ||||||
| Trophy Fund | 400 | – | (50) | – | – | 350 |
| Arts Council Fund | – | 119,264 | (309,770) | 190,506 | – | – |
| Worshipful | ||||||
| Company of | ||||||
| Musicians | 1,200 | 1,300 | (1,200) | – | – | 1,300 |
| In Memory of | ||||||
| Philip Biggs | – | – | – | – | – | – |
| GWF Fund | – | – | – | – | – | – |
| Bursary Fund | 4,891 | 13,136 | (15,252) | – | – | 2,775 |
| Summer Courses | ||||||
| Fund | – | 10,435 | (10,435) | – | – | – |
| 70th Anniversary | ||||||
| Fund | – | – | – | – | – | – |
| RMBS Fund | – | 2,000 | (2,000) | – | – | – |
| Library and | ||||||
| Archive Fund | 2,885 | – | (1,560) | – | – | 1,325 |
| Conductors | ||||||
| Competition Fund | – | 3,000 | (3,000) | – | – | – |
| Karl Jenkins | ||||||
| Project Fund | – | 20,000 | (12,295) | – | – | 7,705 |
| Music Education | ||||||
| Fund | – | 2,500 | (733) | – | – | 1,767 |
| British Army | ||||||
| Music Fund | – | 2,500 | (2,500) | – | – | – |
| Environmental | ||||||
| Fund | – | 500 | (500) | – | – | – |
| ------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | --------------- | ------------------------------ | |
| 9,376 | 174,635 | (359,295) | 190,506 | – | 15,222 | |
| ========================= | =================================== | =================================== | =================================== | =============== | ============================== |
26
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
27. Analysis of charitable funds (continued)
| At 1 Apr | Gains and | At 31 Mar | ||||
|---|---|---|---|---|---|---|
| 2022 | Income | Expenditure | Transfers | losses | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| William Patterson | ||||||
| Trophy Fund | 450 | – | (50) | – | – | 400 |
| Arts Council Fund | – | 119,263 | (275,278) | 156,015 | – | – |
| Worshipful | ||||||
| Company of | ||||||
| Musicians | 1,200 | 1,200 | (1,200) | – | – | 1,200 |
| In Memory of | ||||||
| Philip Biggs | 1,783 | – | (1,783) | – | – | – |
| GWF Fund | 5,143 | – | (5,143) | – | – | – |
| Bursary Fund | 5,075 | 5,110 | (5,294) | – | – | 4,891 |
| Summer Courses | ||||||
| Fund | – | 20,000 | (20,000) | – | – | – |
| 70th Anniversary | ||||||
| Fund | 10,000 | – | (10,000) | – | – | – |
| RMBS Fund | – | 4,000 | (4,000) | – | – | – |
| Library and | ||||||
| Archive Fund | – | 4,150 | (1,265) | – | – | 2,885 |
| Conductors | ||||||
| Competition Fund | – | – | – | – | – | – |
| Karl Jenkins | ||||||
| Project Fund | – | – | – | – | – | – |
| Music Education | ||||||
| Fund | – | – | – | – | – | – |
| British Army | ||||||
| Music Fund | – | – | – | – | – | – |
| Environmental | ||||||
| Fund | – | – | – | – | – | – |
| ------------------------------ | ----------------------------------- | ----------------------------------- | ----------------------------------- | --------------- | ------------------------- | |
| 23,651 | 153,723 | (324,013) | 156,015 | – | 9,376 | |
| ============================== | =================================== | =================================== | =================================== | =============== | ========================= |
William Patterson Trophy Fund - this restricted fund represents the balance on a donation from the family of William Patterson, a Salvation Army bandmaster who died in 2005. This award is given annually to a baritone trombone or euphonium player, along with a trophy.
Arts Council Fund - this restricted fund represents all the donations received from Arts Council England to the Charity, as a National Portfolio Organisation, for the charitable activities of the Charity in respect of the Youth Band and the Children's Band.
Worshipful Company of Musicians Fund - this restricted fund represents all the donations received from The Worshipful Company of Musicians, to provide bursaries in respect of the Youth Band and the Children's Band.
In Memory of Philip Biggs- this restricted fund represents the remaining balance of the donations received from individuals to honour the memory of Philip Biggs. These funds were used to digitise the music scores in the Charity library.
27
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
27. Analysis of charitable funds (continued)
GWF Fund - this restricted fund represents all the donations received from the Garfield Weston Foundation to: support our fundraising activity and develop new programmes; to grow our fundraising by developing an alumni engagement programme, alumni and donor database and legacy fundraising materials; to develop our outreach work by piloting two approaches - inspiring school visits led by our teenage members and masterclasses with our soloists for music hubs; and hold a national conducting competition to contribute to the opportunities available for young (aged 18-30) brass band conductors.
Bursary Fund- this restricted fund represents all the donations received from individual donors and charities and companies using the specific funding pages of various webgiving sites. These funds are used to provide bursary funds to participants to the courses and concerts put on by the Charity. Summer Courses Fund - this restricted fund represents all the donations received from donors who are providing support for the Summer courses.
70th Anniversary Fund - this restricted fund represents all the donations received from donors who are providing support for the 70th Anniversary celebrations.
RMBS Fund - The Royal Marines Band Service ("RMBS") restricted fund represents all the In-Kind donations received from the Royal Marines Band who are providing support for: performing in and producing a joint video recording of Dan Price's Andromeda; making band personnel available for online masterclasses and talks for the Easter course; making an officer available to judge the Harry Mortimer competition at the Summer residential course and providing a performance opportunity for the winner at a a Royal Marines Band concert; making an office available to judge the NYBBGB Garfield Weston conductors' competition; and creating and producing 24 tuition videos for the advanced series of the brass Building Block project.
Library and Archive Fund - this restricted fund represents all the donations received from donors who are providing support for the storage of the Charity archive and music library.
Conductors Competition Fund - this restricted fund represents all the donations received from donors who are providing support for the conductors competition.
Library and Archive Fund - this restricted fund represents all the donations received from donors who are supporting a new composition by Sir Karl Jenkins to be performed in April 2024,
Music Education Fund - this restricted fund represents all the donations received from donors who are providing support for the Music Education Project.
British Army Music Fund - the British Army Music Fund ("BAM") this restricted fund represents all the In-Kind donations received from the British Army who provided a judge the Harry Mortimer competition and who hosted the conduction competition at Tidworth.
28
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2024
27. Analysis of charitable funds (continued)
Environmental Fund - this restricted fund represents all the In-Kind donations received from the Wildlife Trusts who provided environmental seminars at the summer courses.
28. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Tangible fixed assets | 5,185 | – | 5,185 |
| Current assets | 275,230 | 15,222 | 290,452 |
| Creditors less than 1 year | (67,277) | – | (67,277) |
| ----------------------------------- | ------------------------------ | ----------------------------------- | |
| Net assets | 213,138 | 15,222 | 228,360 |
| =================================== | ============================== | =================================== | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Tangible fixed assets | 5,281 | – | 5,281 |
| Current assets | 334,201 | 9,376 | 343,577 |
| Creditors less than 1 year | (99,378) | – | (99,378) |
| ----------------------------------- | ------------------------- | ----------------------------------- | |
| Net assets | 240,104 | 9,376 | 249,480 |
| =================================== | ========================= | =================================== | |
| Financial instruments | |||
| The carrying amount for each category of financial instrument is as follows: | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Financial assets measured at fair value through income and expenditure | |||
| Financial assets measured at fair value through income and expenditure | 5,108 | 5,280 | |
| ========================= | ========================= |
29. Financial instruments
30. Related parties
During the period, 10 trustees donated £2,388 in aggregate (2023 - 10 trustees donated £2,388) to the Charity.
29