CHARITY REGISTRATION NUMBER: 1085724
The National Youth Brass Band of Great Britain
Unaudited Financial Statements
31 March 2025
The National Youth Brass Band of Great Britain
Financial Statements
Year ended 31 March 2025
| 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 2025
The trustees present their report and the unaudited financial statements of the Charity for the year ended 31 March 2025.
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 Duncan A Beckley (Died 27 September 2025) Ms Lorraine Childs Mr David Collins (Appointed 11 February 2025) Mr Ewan Easton Ms Lisa Fitzgerald-Lombard (Resigned 14 May 2025) Mr John M Gillam Mr Philip Goodwin Mr Samuel Hairsine Mrs Susan Hughes Mr Ian Jackson (Appointed 6 February 2025) Mr Stephen P Plant (Resigned 10 December 2024) Mr Daniel Stenhouse Mr Craig Ratcliffe (Appointed 6 February 2025) Mr Gary Walczak Mrs Monica Walczak Mr Kevin Webb (Appointed 1 April 2024)
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The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2025
| Founder President Vice president Chief Executive Officer Director of Artistic Planning Operations Manager Audience Development Manager Funding Development Manager Finance Manager Web site Bankers Solicitors Independent examiner |
Dr Denis Wright Elgar Howarth (Died 13 January 2025) Raymond Armor Mark Bromley Dr Robert Childs Richard Milton Pearl Lovegrove (to 1 October 2024) Simon Watts (from 1 December 2024) Louise Shaw Philip Holt FCA FCIE www.nybbgb.org.uk Barclays Bank plc Reliance Bank MetroBank plc Slater Heelis 86 Deansgate Manchester M3 2ER Mrs Helen Binns FCA One Express 1 George Leigh Street Manchester M4 5DL |
|---|---|
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The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2025
Structure, governance and management
History
The National Youth Brass Band of Great Britain ("the Band" or "the Charity") was established in 1952.
On 14 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 31 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 3 March 2021. A further 10 Trustees were appointed on 25 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, comprising Mr Stephen Plant (until 10 December 2024), Mr Gary Walczak, Mr Danny Stenhouse and Mr Ian Jackson (from 6 February 2025). 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.
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.
Geoffrey Brand
A tribute concert was held in honour of former Vice President Geoffrey Brand (who died on 5 February 2023) on 6 April 2024.
Elgar Howarth
The Trustees were sad to learn of the death of the organisation's President, Mr Elgar Howarth on 13 January 2025. Tributes in his honour were made at the 2025 Easter and Summer concerts.
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The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2025
Structure, governance and management (continued)
Duncan Beckley
Trustees were sad to learn of the death, on 27 September 2025, of Duncan Beckley, alumnus of The National Youth Brass Band of Great Britain.
A gifted musician, conductor, teacher, and mentor, Duncan inspired generations of young players with his passion and encouragement. In more recent years he served as a Trustee of the organisation and as a guest conductor of the Children’s Band, continuing his lifelong commitment to supporting the next generation of musicians.
We extend our deepest condolences to his family, friends and all who had the privilege of knowing and working alongside him.
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.
Mr Kevin Webb, Mr Ian Jackson, Mr Craig Ratcliffe and Mr David Collins were appointed during the year.
Three new trustees, Dr Kerry Baldwin, Miss Pearl Lovegrove and Miss Joanne Sweet were appointed after the year end.
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 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.
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The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2025
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 (at the time of the courses), 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 (at the time of the courses). 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 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 at 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.
Achievements and performance
2024/25 has been a landmark year for The National Youth Brass Band of Great Britain, reflecting our core mission: to inspire, develop and celebrate the very best in young brass talent. Through six major concerts, an education tour, and an international competition, we have deepened our artistic reach and impact across the UK.
1. Young Conductors Competition:
The year began with our biannual Young Conductors Competition at Tidworth Garrison Theatre, in partnership with British Army Music. Four talented finalists led rehearsals with our Ambassador Band. The winner, Joshua Parkhill, was awarded a cash prize and joined our Youth Band summer course as Assistant Conductor to Professor David King, later conducting in our summer concert at Blackburn Cathedral.
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The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2025
Achievements and performance (continued)
2. Spring Concerts and New Commission:
In April 2024, our Youth Band, directed by Dr Robert Childs, gave two concerts in Cardiff and Liverpool. Central to the programme was the world premiere of Fragile Earth by Sir Karl Jenkins — his first major work for brass band. Commissioned by NYBBGB and inspired by our partnership with The Wildlife Trusts, this powerful new piece addressed themes of environmental urgency and musical innovation. The concerts also paid tribute to the late Geoffrey Brand and featured new and established repertoire.
3. Catalyst Festival of Youth:
Later in April 2024, our Ambassador Band performed alongside the National Youth Orchestra of Great Britain at the Catalyst Festival of Youth in Liverpool and London. Together they premiered Gavin Higgins’ Concerto Grosso , a landmark collaboration of orchestra and brass band. The project was widely acclaimed, including recognition from The Observer as one of the year’s top 10 performances.
4. Summer Courses and International Exchange:
Our Children’s Band celebrated its 20th Anniversary with a concert in Manchester, conducted by Lynda Nicholson. The programme combined music from the band’s early years with new work by emerging composer Charlotte McGregor-Graham.
The Youth Band’s summer concert in Blackburn, conducted by Prof David King, featured repertoire from Australia and New Zealand, and included guest players from the National Youth Brass Band of Switzerland through our Besson Horizons exchange.
5. Ambassador Ensemble Schools Tour:
In July 2024, our Ambassador Ensemble undertook a schools' tour across Bedfordshire and Milton Keynes, reaching over 3,000 primary school pupils through live performances and workshops. The tour concluded with a public concert at The Stables, Wavendon, featuring local youth ensembles. The event was made possible through support from several funders and community partners.
5. Looking Ahead:
Our 2024/25 season has affirmed the Band’s role as a beacon of musical excellence, creativity, and inclusion. The Trustee are proud of the young musicians, artistic leaders, partners, and supporters who made this year so impactful. Together, we continue to build a vibrant future for brass band music in the UK.
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The National Youth Brass Band of Great Britain
Trustees' Annual Report (continued)
Year ended 31 March 2025
Achievements and performance (continued)
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 2024/25 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 48 grants, totalling £18,195 to individual players (2024 - 35 grants to individuals totalling £17,978). Some of these grants were from restricted funds and the balances on these funds, to be used in future periods, amounted to £7,644 (2024 - £4,425).
Financial review
During the period, the Charity received donations amounting to £18,273 (2024 - £24,336), gifts under the Friends Scheme of £4,037 (2024 - £2,972), Gift Aid claims of £3,753 (2024 - £–) and grant funding totalling £151,562 (2024 - £150,564).
The total expenditure on charitable activities amounted to £307,538 (2024 - £312,753) with governance and other resources expensed totalled £38,993 (2024 - £27,172) during the year.
The total reserves at the year-end stand at £301,071 (2024 - £228,360). The total fixed assets of the charity amounted to £5,406 (2024 - £5,185).
In-kind Support
The Charity received in kind support of £2,500 (2024 - £2,500) from British Army Music ("BAM") as part of a partnership agreements during the period. This included:
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a) making an officer available to judge the Harry Mortimer competition at the Summer 2024 Youth Band residential course (£500 - BAM)
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b) 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 2025
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 a meeting in May 2022, Trustees approved a 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 equates to around £143,000.
At the year end, the unrestricted undesignated free reserve was £143,886 (2024 - £76,930). Free reserves were boosted during the year by a claim to HMRC for Orchestra's Tax Relief. HMRC accepted a claim in arrears for 2022/23 and 2023/24 totalling £107,363.
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 (Pangbourne College and Oundle School), concerts (Tidworth Garrison Theatre, Halifax Minster, the Royal College of Music London, St Martin-in-the-Fields London, Oundle School, and Symphony Hall Birmingham) and events (music education tour and a brass workshop and concert in Bradford and a composition competition), is planned for 2025/2026.
The trustees' annual report was approved on 9 November 2025 and signed on behalf of the board of trustees by:
MR JOHN M GILLAM
Chair and 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 2025
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 2025.
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
One Express 1 George Leigh Street Manchester M4 5DL
10 November 2025
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The National Youth Brass Band of Great Britain
Statement of Financial Activities
Year ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 16,265 | 163,861 | 180,125 | 182,872 |
| Charitable activities | 5 | 160,044 | – | 160,044 | 155,592 |
| Other trading activities | 6 | 1,295 | – | 1,295 | 1,050 |
| Investment income | 7 | 1,090 | – | 1,090 | 1,639 |
| Other income | 8 | 107,363 | 596 | 107,959 | 1,226 |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Total income | 286,057 | 164,457 | 450,513 | 342,379 | |
| =================================== | =================================== | =================================== | =================================== | ||
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 9 | 1,508 | 28,182 | 29,690 | 19,167 |
| Costs of other trading activities | 10 | 842 | 961 | 1,803 | 4,311 |
| Expenditure on charitable activities | 11,12 | 1,331 | 345,201 | 346,531 | 339,925 |
| ------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Total expenditure | 3,681 | 374,344 | 378,024 | 363,403 | |
| ========================= | =================================== | =================================== | =================================== | ||
| Net gains/(losses) on investments | 15 | 222 | – | 222 | (96) |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Net income/(expenditure) | 282,598 | (209,887) | 72,711 | (21,120) | |
| =================================== | =================================== | =================================== | =================================== | ||
| Transfers between funds | (202,309) | 202,309 | – | – | |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Net movement in funds | 80,289 | (7,578) | 72,711 | (21,120) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 213,138 | 15,222 | 228,360 | 249,480 | |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | ||
| Total funds carried forward | 293,427 | 7,644 | 301,071 | 228,360 | |
| =================================== | =================================== | =================================== | =================================== |
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 28 form part of these financial statements.
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The National Youth Brass Band of Great Britain
Statement of Financial Position
31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Investments | 20 | 5,406 | 5,185 |
| Current assets | |||
| Debtors | 22 | 130,581 | 31,086 |
| Cash at bank and in hand | 254,846 | 259,366 | |
| ----------------------------------- | ----------------------------------- | ||
| 385,427 | 290,452 | ||
| Creditors: amounts falling due within one year | 23 | 89,762 | 67,277 |
| ----------------------------------- | ----------------------------------- | ||
| Net current assets | 295,665 | 223,175 | |
| ----------------------------------- | ----------------------------------- | ||
| Total assets less current liabilities | 301,071 | 228,360 | |
| ----------------------------------- | ----------------------------------- | ||
| Net assets | 301,071 | 228,360 | |
| =================================== | =================================== | ||
| Funds of the charity | |||
| Restricted funds | 7,644 | 15,222 | |
| Unrestricted funds | 293,427 | 213,138 | |
| ----------------------------------- | ----------------------------------- | ||
| Total charity funds | 26 | 301,071 =================================== |
228,360 =================================== |
These financial statements were approved by the board of trustees and authorised for issue on 9 November 2025, and are signed on behalf of the board by:
MR JOHN M GILLAM
Chair and Trustee
The notes on pages 12 to 28 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 2025
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 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 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.
Going concern
There are no material uncertainties about the charity's ability to continue.
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.
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The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
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.
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.
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The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
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:
-
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.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
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.
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The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
3. Accounting policies (continued)
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.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Donations | |||
| Donations received | 8,475 | – | 8,474 |
| Income bursary donations | – | 2,197 | 2,197 |
| Income from trusts and foundations | – | 7,602 | 7,602 |
| Gifts | |||
| Friends Income (including Gift Aid) | 4,037 | – | 4,037 |
| Grants | |||
| Arts Council England | – | 119,262 | 119,262 |
| Worshipful Company of Musicians | – | 1,300 | 1,300 |
| 29th May 1961 Charity | – | 2,000 | 2,000 |
| The Radcliffe Trust | – | 4,000 | 4,000 |
| Harrison-Frank Family Foundation | – | 8,000 | 8,000 |
| Scops Arts Trust | – | 4,000 | 4,000 |
| Victoria Wood Foundation | – | 10,000 | 10,000 |
| Bagheera Trust | – | 3,000 | 3,000 |
| Garrick Charitable Trust | – | – | – |
| Marchus Trust | – | – | – |
| Colwinston Charitable Trust | – | – | – |
| Kathleen Hannay Memorial Charity | – | – | – |
| Other donations and legacies | |||
| HMRC Gift Aid | 3,753 | – | 3,753 |
| The Royal Marines Band Service | – | – | – |
| British Army Music | – | 2,500 | 2,500 |
| Wildlife Trust | – | – | – |
| ------------------------------ | ----------------------------------- | ----------------------------------- | |
| 16,265 | 163,861 | 180,125 | |
| ============================== | =================================== | =================================== |
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The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
4. Donations and legacies (continued)
| 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 |
| 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 |
| 29th May 1961 Charity | – | 2,000 | 2,000 |
| The Radcliffe Trust | – | – | – |
| Harrison-Frank Family Foundation | – | – | – |
| Scops Arts Trust | – | – | – |
| Victoria Wood Foundation | – | – | – |
| Bagheera Trust | – | – | – |
| 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 | |||
| HMRC Gift Aid | – | – | – |
| 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 | |
| ========================= | =================================== | =================================== |
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Courses | 144,795 | 144,795 | 141,731 | 141,731 |
| Concerts | 15,249 | 15,249 | 13,861 | 13,861 |
| ----------------------------------- | ----------------------------------- | ----------------------------------- | ----------------------------------- | |
| 160,044 | 160,044 | 155,592 | 155,592 | |
| =================================== | =================================== | =================================== | =================================== |
16
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
6. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Income from sale of merchandise | 1,295 | 1,295 | 1,050 | 1,050 | |
| ========================= | ========================= | ========================= | ========================= | ||
| 7. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Investment income | 1,090 | 1,090 | 1,639 | 1,639 | |
| ========================= | ========================= | ========================= | ========================= | ||
| 8. | Other income | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Royalties from exploitation of intellectual | property | ||||
| rights | – | 596 | 596 | ||
| HMRC Orchestra Tax Relief | 107,363 | – | 107,363 | ||
| ----------------------------------- | --------------- | ----------------------------------- | |||
| 107,363 | 596 | 107,959 | |||
| =================================== | =============== | =================================== | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Royalties from exploitation of intellectual | property | ||||
| rights | – | 1,226 | 1,226 | ||
| HMRC Orchestra Tax Relief | – | – | – | ||
| --------------- | ------------------------- | ------------------------- | |||
| – | 1,226 | 1,226 | |||
| =============== | ========================= | ========================= | |||
| 9. | Costs of raising donations and legacies | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2025 | |||
| £ | £ | £ | |||
| Costs of raising donations and legacies | 1,508 | 28,182 | 29,690 | ||
| ========================= | ============================== | ============================== | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Costs of raising donations and legacies | 1,096 | 18,071 | 19,167 | ||
| ========================= | ============================== | ============================== |
17
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
10. Costs of other trading activities
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Costs of merchandise purchased | 842 | 961 | 1,803 | |
| =============== | =============== | ========================= | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Costs of merchandise purchased | 1,324 | 2,987 | 4,311 | |
| ========================= | ========================= | ========================= | ||
| 11. | Expenditure on charitable activities by fund type | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2025 | ||
| £ | £ | £ | ||
| Courses and Awards | 1,248 | 222,557 | 223,805 | |
| Concerts and Auditions | – | 19,102 | 19,102 | |
| Support costs | 83 | 103,542 | 103,624 | |
| ------------------------- | ----------------------------------- | ----------------------------------- | ||
| 1,331 | 345,201 | 346,531 | ||
| ========================= | =================================== | =================================== | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Courses and Awards | – | 227,853 | 227,853 | |
| Concerts and Auditions | 125 | 16,225 | 16,350 | |
| Support costs | 1,563 | 94,159 | 95,722 | |
| ------------------------- | ----------------------------------- | ----------------------------------- | ||
| 1,688 | 338,237 | 339,925 | ||
| ========================= | =================================== | =================================== |
12. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Grant funding |
Total funds | Total fund | ||
| directly | of activities |
Support costs | 2025 | 2024 | |
| £ | £ | £ | £ | £ | |
| Courses and Awards | 205,610 | 18,195 |
64,631 | 288,436 | 296,403 |
| Concerts and Auditions | 19,102 | – |
– | 19,102 | 16,350 |
| Governance costs | – | – |
38,993 | 38,993 | 27,172 |
| ----------------------------------- | ------------------------------ | ----------------------------------- | ----------------------------------- | ----------------------------------- | |
| 224,712 | 18,195 |
103,624 | 346,531 | 339,925 | |
| =================================== | ============================== | =================================== | =================================== | =================================== |
18
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
13. Analysis of support costs
| Courses and | Governance | |||
|---|---|---|---|---|
| Awards | costs | Total 2025 | Total 2024 | |
| £ | £ | £ | £ | |
| Staff costs | 26,208 | – | 26,208 | 20,578 |
| Premises | 1,027 | – | 1,027 | 977 |
| Communications and IT | 2,758 | – | 2,758 | 2,455 |
| Finance costs | 317 | – | 317 | 1,152 |
| Governance costs | – | 38,993 | 38,993 | 27,173 |
| Travel and meeting costs | 382 | – | 382 | 1,444 |
| Professional and consultancy fees | 31,168 | – | 31,168 | 35,748 |
| Training costs | 1,149 | – | 1,149 | 4,206 |
| Library and archive storage | 1,622 | – | 1,622 | 1,990 |
| ------------------------------ | ------------------------------ | ----------------------------------- | ------------------------------ | |
| 64,631 | 38,993 | 103,624 | 95,723 | |
| ============================== | ============================== | =================================== | ============================== |
In the current and previous year, the support costs included governance costs as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Salaries | 21,840 | 21,000 |
| Pension costs | 468 | 443 |
| Independent Examiners fees | 1,545 | 1,386 |
| Legal, professional and consultancy fees | 1,500 | 2,500 |
| Tax advice | 12,000 | – |
| Council meetings | 1,640 | 1,843 |
| ------------------------------ | ------------------------------ | |
| 38,993 | 27,172 | |
| ============================== | ============================== | |
| Analysis of grants | ||
| 2025 | 2024 | |
| £ | £ | |
| Grants to individuals | ||
| 2 Competition prizes (2024 - 4) | 1,000 | 1,633 |
| 2 Worshipful Company of Musicians Award to individuals (2024 - 2) | 1,300 | 1,200 |
| 1 The William Patterson Trophy Award (2024 - 1) | 50 | 50 |
| 6 Leadership Awards | 3,420 | – |
| 37 Grants to individuals (2024 - 28) | 12,425 | 15,095 |
| ------------------------------ | ------------------------------ | |
| 18,195 | 17,978 | |
| ------------------------------ | ------------------------------ | |
| Total grants | 18,195 | 17,978 |
| ============================== | ============================== |
14. Analysis of grants
19
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
15. Net gains/(losses) on investments
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Gains/(losses) on listed investments | 222 =============== |
222 =============== |
(96) =============== |
(96) =============== |
16. Independent examination fees
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 1,545 ========================= |
1,386 ========================= |
17. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 61,584 | 54,600 |
| Employer contributions to pension plans | 1,142 | 1,077 |
| ------------------------------ | ------------------------------ | |
| 62,726 ============================== |
55,677 ============================== |
The average head count of employees during the year was 4 (2024: 3). The average number of full-time equivalent employees during the year is analysed as follows:
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Band management | 0.6 | 0.6 |
| Audience development | 0.1 | – |
| Administration | 0.8 | 0.8 |
| --------------- | --------------- | |
| 1.5 | 1.4 | |
| =============== | =============== |
No employee received employee benefits of more than £60,000 during the year (2024: 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 £21,840 (2024: £21,000).
20
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
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, 8 Trustees were reimbursed expenses of £3,503 (2024 8 Trustees - £4,616) and five Trustees received fees amounting to £6,860 (2024 5 Trustees - £5,900) for acting as tutors and house staff on residential courses.
19. Transfers between funds
The transfer from Unrestricted Reserves to the Arts Council Fund of £203,330 arose as a result of the excess of expenditure over income on this restricted fund. Transfers of £7,000 to the Continuity Fund, £4,000 to the Residential Courses Fund and £2,000 to the Dissolution Fund were made following a Trustees resolution to increase these three Designated Funds.
In addition, donors to the William Patterson Trophy Fund and the Worshipful Company of Musicians Fund agreed that the remaining balances on these two Restricted Funds, being £300 and £1,300 respectively, should be transferred to the Restricted Bursary Fund.
20. Investments
| Shares in | |||
|---|---|---|---|
| Listed | group | ||
| investments | undertakings | Total | |
| £ | £ | £ | |
| Cost or valuation | |||
| At 1 April 2024 | 5,184 | 1 | 5,185 |
| Additions | – | – | – |
| Fair value movements | 221 | – | 221 |
| ------------------------- | --------------- | ------------------------- | |
| At 31 March 2025 | 5,405 | 1 | 5,406 |
| ========================= | =============== | ========================= | |
| Impairment | |||
| At 1 April 2024 and 31 March 2025 | – | – | |
| =============== | ========================= | ||
| Carrying amount | |||
| At 31 March 2025 | 5,405 | 1 | 5,406 |
| ========================= | =============== | ========================= | |
| At 31 March 2024 | 5,184 | 1 | 5,185 |
| ========================= | =============== | ========================= |
21
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
20. Investments (continued)
The above carrying amounts are recognised as follows:
| Shares in | |||
|---|---|---|---|
| Listed | group | ||
| investments | undertakings | Total | |
| £ | £ | £ | |
| At 31 March 2025 | |||
| Held at fair value | 5,405 | – | 5,405 |
| Held at historical cost less impairment | – | 1 | 1 |
| ========================= | =============== | ========================= | |
| At 31 March 2024 | |||
| Held at fair value | 5,184 | – | 5,184 |
| Held at historical cost less impairment | – ========================= |
1 =============== |
1 ========================= |
Listed investments
The aggregate market value of listed investments is £5,405 (2024: £5,184).
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.
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. Debtors
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade debtors | 4,105 | 1,645 |
| Prepayments and accrued income | 125,236 | 27,282 |
| Other debtors | 1,240 | 2,159 |
| ----------------------------------- | ------------------------------ | |
| 130,581 | 31,086 | |
| =================================== | ============================== |
22
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
23. Creditors: amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 1,280 | 867 |
| Accruals and deferred income | 84,577 | 60,219 |
| Social security and other taxes | 2,459 | 4,797 |
| Amounts due on unpaid share capital of subsidiary undertaking | 1 | 1 |
| Other creditors | 1,445 | 1,393 |
| ------------------------------ | ------------------------------ | |
| 89,762 | 67,277 | |
| ============================== | ============================== | |
| Deferred income | ||
| 2025 | 2024 | |
| £ | £ | |
| At 1 April 2024 | 50,810 | 53,677 |
| Amount released to income | (50,810) | (53,677) |
| Amount deferred in year | 67,649 | 50,810 |
| ------------------------------ | ------------------------------ | |
| At 31 March 2025 | 67,649 ============================== |
50,810 ============================== |
24. Deferred income
25. 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 £1,142 (2024: £1,077).
23
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
26. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At 1 Apr | Gains and | At 31 Mar | ||||
| 2024 | Income | Expenditure | Transfers | losses | 2025 | |
| £ | £ | £ | £ | £ | £ | |
| General funds | 82,225 | 286,057 | (3,681) | (215,309) | – | 149,292 |
| Revaluation | ||||||
| Reserve Fund | 913 | – | – | – | 222 | 1,135 |
| Continuity Fund | 70,000 | – | – | 7,000 | – | 77,000 |
| Residential Course | ||||||
| Fund | 40,000 | – | – | 4,000 | – | 44,000 |
| Dissolution Fund | 20,000 | – | – | 2,000 | – | 22,000 |
| ----------------------------------- | ----------------------------------- | ------------------------- | ----------------------------------- | --------------- | ----------------------------------- | |
| 213,138 | 286,057 | (3,681) | (202,309) | 222 | 293,427 | |
| =================================== | =================================== | ========================= | =================================== | =============== | =================================== | |
| At 1 Apr | Gains and | At 31 Mar | ||||
| 2023 | Income | Expenditure | Transfers | losses | 2024 | |
| £ | £ | £ | £ | £ | £ | |
| General funds | 109,095 | 167,744 | (4,108) | (190,506) | – | 82,225 |
| 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 |
| ----------------------------------- | ----------------------------------- | ------------------------- | ----------------------------------- | --------------- | ----------------------------------- | |
| 240,104 | 167,744 | (4,108) | (190,506) | (96) | 213,138 |
|
| =================================== | =================================== | ========================= | =================================== | =============== | =================================== |
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.
24
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
26. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | ||||||
|---|---|---|---|---|---|---|
| At 1 Apr | Gains and | At 31 Mar | ||||
| 2024 | Income | Expenditure | Transfers | losses | 2025 | |
| £ | £ | £ | £ | £ | £ | |
| William Patterson | ||||||
| Trophy Fund | 350 | – | (50) | (300) | – | – |
| Arts Council Fund | – | 119,343 | (321,652) | 202,309 | – | – |
| Worshipful | ||||||
| Company of | ||||||
| Musicians | 1,300 | 1,300 | (1,300) | (1,300) | – | – |
| Bursary Fund | 2,775 | 28,512 | (25,243) | 1,600 | – | 7,644 |
| Summer Courses | ||||||
| Fund | – | 11,302 | (11,302) | – | – | – |
| RMBS Fund | – | – | – | – | – | – |
| Library and | ||||||
| Archive Fund | 1,325 | – | (1,325) | – | – | – |
| Conductors | ||||||
| Competition Fund | – | – | – | – | – | – |
| Karl Jenkins | ||||||
| Project Fund | 7,705 | – | (7,705) | – | – | – |
| Music Education | ||||||
| Fund | 1,767 | 1,500 | (3,267) | – | – | – |
| British Army | ||||||
| Music Fund | – | 2,500 | (2,500) | – | – | – |
| Environmental | ||||||
| Fund | – | – | – | – | – | – |
| ------------------------------ | ----------------------------------- | ----------------------------------- | ----------------------------------- | --------------- | ------------------------- | |
| 15,222 | 164,457 | (374,344) | 202,309 | – | 7,644 | |
| ============================== | =================================== | =================================== | =================================== | =============== | ========================= |
25
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
26. Analysis of charitable funds (continued)
| 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 |
| Bursary Fund | 4,891 | 13,136 | (15,252) | – | – | 2,775 |
| Summer Courses | ||||||
| Fund | – | 10,435 | (10,435) | – | – | – |
| 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 | |
| ========================= | =================================== | =================================== | =================================== | =============== | ============================== |
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.
26
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
26. Analysis of charitable funds (continued)
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.
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.
Karl Jenkins 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.
Environmental Fund - this restricted fund represents all the In-Kind donations received from the Wildlife Trusts who provided environmental seminars at the summer courses.
27
The National Youth Brass Band of Great Britain
Notes to the Financial Statements (continued)
Year ended 31 March 2025
27. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2025 | |
| £ | £ | £ | |
| Tangible fixed assets | 5,406 | – | 5,406 |
| Current assets | 377,783 | 7,644 | 385,427 |
| Creditors less than 1 year | (89,762) | – | (89,762) |
| ----------------------------------- | ------------------------- | ----------------------------------- | |
| Net assets | 293,427 | 7,644 | 301,071 |
| =================================== | ========================= | =================================== | |
| 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 |
| =================================== | ============================== | =================================== |
28. Financial instruments
The carrying amount for each category of financial instrument is as follows:
| The carrying amount for each category of financial instrument is as follows: | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Financial assets measured at fair value through income and expenditure | ||
| Financial assets measured at fair value through income and expenditure | 5,405 | 5,108 |
| ========================= | ========================= |
29. Related parties
During the period, 8 Trustees were reimbursed expenses of £3,503 (2024 8 Trustees - £4,616) and five Trustees received fees amounting to £6,860 (2024 5 Trustees - £5,900) for acting as tutors and house staff on residential courses. In addition, a spouse of one of the Trustees was reimbursed expenses amounting to £1,355 (2024 - £2,204) and charged the Charity fees for performance and education services, auditions and course fees amounting to £12,426 (2024 - £9,080).
During the period, 3 trustees donated £224 in aggregate (2024 - 7 trustees donated £370) to the Charity. None of the trustees purchased merchandise (2024 two Trustees purchased merchandise amounting to £70) from the Charity.
28