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2023-12-31-accounts

BRITISH YOUTH MUSIC THEATRE

British Youth Music Theatre

Annual Report and

Statement of Accounts

-------------------------

Year ended 31st December 2023

www.britishyouthmusictheatre.org REGISTERED NUMBER: 04985332 (England and Wales)

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TABLE OF CONTENTS

Contents

COMPANY INFORMATION .......................................................................................................... 3 Introduction ................................................................................................................................... 4 Mission ........................................................................................................................................... 4 Summary of 2023 .......................................................................................................................... 4 Objects of the Charity ................................................................................................................... 8 Auditions ........................................................................................................................................ 9 BYMT’s 2023 Season ..................................................................................................................... 9 Easter & Summer Camp Courses and Workshops ................................................................... 13 BYMT Creative Work Placement Scheme ................................................................................. 14 Programme Statistics 2023 ........................................................................................................ 15 Access To The Arts ...................................................................................................................... 16 Participant Evaluations (Productions and Camps) 2023 ......................................................... 17 Offices and Facilities ................................................................................................................... 20 Management structure and staffing ......................................................................................... 20 Reserves Policy ............................................................................................................................ 21 Company Policies ........................................................................................................................ 21 Fundraising .................................................................................................................................. 22 Trustees ........................................................................................................................................ 24 Structure, Governance and Management ................................................................................ 24 Statement of Directors’ responsibilities ................................................................................... 25 REPORT OF INDEPENDENT AUDITORS ................................................................................. 26 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 ........ 29 BALANCE SHEET AS AT 31 DECEMBER 2023 ............................................................................ 30 NOTES TO FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 .. 33

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COMPANY INFORMATION

DIRECTORS: Simon Millson Jimmy Jewell Roger Jones Alastair Roberts Philip Siddle Aniela Shuckburgh Francesca Unsworth Lucy Stocks

REGISTERED OFFICE: Unit 6, 1st Floor, Mountview Academy, Peckham Hill Street, London SE15 5JT REGISTERED NUMBER: 04985332 (England and Wales) BANKERS: NatWest plc Bank House 1 Belvedere Grove Wimbledon SW19 7RQ AUDITORS George Hay & Company, 83 Cambridge Street Pimlico London SW1V 4PS REGISTERED CHARITY: 1103076 (England and Wales) REGISTERED CHARITY: SC039863 (Scotland)

At Carers’ Trust, we’re delighted British Youth Music Theatre has provided these opportunities for young carers. It’s a brilliant way for them to get respite from their responsibilities at home, unleash their creativity and acquire fresh skills from seasoned theatrical professionals. It will be a springboard for many talented young carers who dream of a life on the stage and we’re excited to see where it takes them in the future”.

Vicky Morgan, Head of Young Carers at The Carers’ Trust

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BRITISH YOUTH MUSIC THEATRE

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Angry Salmon, Bridewell Theatre London, August 2023

Introduction

BYMT Values are:

Mission

BYMT’s Mission is to create opportunities for young people and early career creatives from all backgrounds to develop theatre skills and enhance wellbeing, through the collaborative and inclusive process of making original music theatre.

Summary of 2023

2023 saw the first season curated, developed and delivered by the new BYMT staff team and the Young Company Panel, under the leadership of Emily Gray. The Company appointed a new role of Schools & Pastoral Manager, and focused on training and preparation to ensure the season was delivered with inclusivity and the wellbeing of young people at the heart of each process.

Partnerships with venues and artists were strengthened and the overall the quality of the shows and the experience of the participants increased.

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BRITISH YOUTH MUSIC THEATRE

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50Days, Birmingham Hippodrome, August 2023

The 2023 season celebrated many highlights including Angry Salmon selling out at The Bridewell Theatre in London; two productions at Birmingham Hippodrome, the national theatre for new musicals; the first production in Scotland since 2016, at Dundee Rep Theatre; BYMT’s first collaboration on a disability-led project, with Candoco Dance Company; and #50Days with its grime, beat boxing and rap score.

Developing relationships with schools in Levelling Up for Culture Places, the Leeds Conservatoire EDI team and the Young Carers’ Trust enabled BYMT to offer creative opportunities to more underrepresented young people, an increase from 19% in 2022 to 33% in 2023. BYMT delivered six productions, eight camps and the Candoco project. 974 young people took part in projects: 442 in schools, 223 in productions and 254 in camps. 531 participants were given free or bursary assisted places. 474 Trinity College qualifications were awarded, and every production achieved higher than 90% in the Grade 8 Trinity exam.

151 freelancers were employed to deliver the creative, technical and pastoral demands of the projects 18 emerging artists were employed on Creative Work Placements.

Following discussion with the Young Company Panel, all of the camps became development weeks for new ideas. The camps explored novels such as Georgia Queen of Jazz, Animal Farm and All Growed Up; stories including The Steadfast Tin Soldier and the Arthurian legends of Camelot; and new ideas like The Dark Dark, Eliza and the Purple Monster, and Out of Bounds. Each week involved 11-17 year olds creating songs and scenes, trying out ideas and making a version of their particular story to perform at the end of the camp.

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BRITISH YOUTH MUSIC THEATRE

146 young people were part of Let It Snow, our annual winter concert, which was held at the stunning Shoreditch Town Hall for the second time, performed in front of a live audience. The evening was a wonderful celebration of the season and also served as a fundraising opportunity to support Access to the Arts in 2024.

2023 saw the start of the new Arts Council NPO cycle, with reporting against the aims of the ACE Let’s Create strategy. As part of the ACE Transfer Programme, BYMT was awarded feasibility funding to research a move out of London. Two consultants were employed, one a specialist in relocation and the other in partnerships and funding in West Yorkshire. Together with the staff team and Board, they thoroughly explored the potential of BYMT moving to Leeds. The Board concluded that BYMT will move their head office into a space in the cultural quarter of Leeds in the autumn of 2024. Whilst our offer to participants and audiences will remain the same across the country, BYMT will become part of the movement to establish a northern home for musical theatre-making, and be eligible for regional funding opportunities, partnerships with arts organisations, theatres and educators.

Financially, the Company maintained strong cashflow and a surplus at the end of the year to contribute to a growing reserve. Arts Council England and the Department for Education remain the most significant funders for BYMT and the Company has benefitted from being part of the network of National Youth Music Organisations. By the end of the year BYMT was showing a surplus of £13,214 and retaining cash at the bank.

The Company wishes to express its sincere gratitude and heartfelt thanks to all its funders for ongoing support during the year: Arts Council England, the DCMS and the Department for Education; the UKwide teachers’ union, NASUWT; Backstage Trust, John Ellerman Foundation and Foyle Foundation; as well as many individuals and donating bodies who gave so generously.

The Board retained the same group of Trustees throughout the year, having seen a number of changes in the previous year. The four Board Champions for ACE’s Investment principles, Inclusivity & relevance, Environmental Responsibility, Dynamism and Ambition & Quality, developed their awareness of the Company’s aims and actions and reported as required. An aim for 2024 is to recruit a more inclusive Board, with a diversity of Trustees that better reflects the young people and creative practitioners with whom BYMT works across the country.

Looking forward, 2024 will be an important year as we celebrate BYMT’s 20[th] Anniversary season and make the move to Leeds. The Company aims to appoint new Patrons and Ambassadors from the many successful alumni that now work across the arts industry. BYMT continues to strengthen its staff leadership and Board through training, detailed discussion, data-led decision-making and productive partnerships.

We will continue to ensure that the creative opportunities we deliver will be in the best interests of BYMT and the young people on our programmes and for the sustainability and success of new music theatre in this country.

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BRITISH YOUTH MUSIC THEATRE

The Directors now present their report together with the financial statements of the Company for the year ended 31[st] December 2023.

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Simon Millson, Chair

Emily Gray, Chief Executive & Creative Director

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Objects of the Charity

The objects of the Charity are to promote, maintain, improve and advance the education and training principally but not exclusively of children and young persons by their participation and involvement with all aspects of performance of educational musical productions including theatre, dance, drama, music, singing, literature, sculpture and painting and the encouragement of the Arts generally.

Meeting British Youth Music Theatre’s Objectives.

  1. Opportunities for children and young people to participate in new musical productions:

  2. Six new musical productions developed and performed in professional theatres, by 223 young people and children, across the UK

  3. Advancing the development of creative ideas and performing arts skills through camps:

  4. 8 week long residential camps for skills development and idea generation for new stories to be told through musical theatre. Adaptations of books and stories as well as brand new creations, for 254 young people

  5. Improving education and training in the performing arts through workshops in schools

  6. 8 Discover Music Theatre workshop days in schools, advancing theatre skills, developing new ideas for musicals and awareness of career pathways

  7. Improving arts career prospects for young creative, technical and design students

  8. 18 creative work placements and training on productions for students or early career Assistant Musical Directors, Assistant Designers, Assistant Stage Mangers and Assistant Directors

  9. Maintaining partnerships throughout the UK to enhance the experience of young people in participatory arts activity. Partners including:

  10. The National Youth Music Organisations (NYMOs),

  11. Venues across the UK (New Wolsey Ipswich, Plymouth Theatre Royal, Birmingham Hippodrome, Dundee Rep Theatre)

  12. Higher Education providers (Mountview, Leeds Conservatoire)

  13. Industry (Musical Theatre Network, Mercury Musical Developments, UK Theatre)

  14. Funders (Arts Council NPO, Department for Education, NASUWT, John Ellerman Foundation)

  15. Ensuring access for young people from underrepresented groups through Access to the Arts:

  16. Auditions on line and in person in 14 venues, plus in schools

  17. Securing £67,490 in funds through grant applications and fundraising campaigns

  18. • Bursary awards and supported places for 531 young people (with grants from Backstage Trust and others – see Access).

  19. Increase from 19% to 33% of young people engaged from underrepresented backgrounds

  20. New partnership with Carers UK, offering young carers a creative and necessary break from their caring duties over the summer holiday

  21. Development of governance to ensure charitable objectives are delivered

  22. Away Day and Training to support new group of Trustees

  23. Advisor/Consultants to the Board in Finance and Inclusivity

  24. Board Champions for Inclusivity, Environmental Responsibility, Dynamism and Quality

  25. Financial Review by the new Senior Management Team resulted in

  26. Reserves being built up

  27. Reserves policy & financial controls functioning well

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Auditions

January-April 2023

In early 2023, we delivered live and online audition sessions, seeing 532 young people in group workshops in 14 locations across the UK and in Dublin.

76% of participants were female, 4% non-binary and 20% male. 12% of all auditionees were from the global majority. 58% were state school educated and 58% were new to BYMT.

We also delivered 8 Discover Musical Theatre (DMT) workshop days in schools, including audition sessions, two in Levelling Up for Culture Places. From these, 20 students were offered free/supported places on the BYMT camps, or offered bursary places on productions.

Altogether, 223 young people took up places in BYMT productions in the 2023 Season and many others from the auditions and DMTs took part in BYMT Camps.

BYMT’s 2023 Season

BYMT was delighted to present the 2023 Season of New Music Theatre with six productions taking place across the UK with Young Companies of enthusiastic and skilled actors, singers, dancers and musicians aged 11-21, from across the globe, including South Africa, the Caribbean and Japan.

Each of the shows had development opportunities, in order to prepare the scores and scripts for the intensive BYMT process, which gives each production between 8 and 10 days to create and rehearse the material before it goes into the venue for technical and dress rehearsals, followed by 4 or 5 performances.

Our Girls Our Game and Angry Salmon had previously been produced by BYMT and the writing teams were allocated two days to refine the material. Harry & Greta and The Naughty Carriage on the Orphan Train both had development weeks at Leeds Conservatoire with BA and MA Musical Theatre students. #50Days was developed over a week at Royal & Derngate Northampton as part of MTN, MMD and China Plate’s Development Dark Room.

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Our Girls Our Game

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2023

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Created by a company of female and non-binary performers, developed from the first workshop by BYMT in 2021, with a contemporary pop score and athletic choreography, this show celebrates the origins England’s incredible female sporting prowess, telling the story of the Dick, Kerr Ladies Football Team from the 1[st] World War to 1921.

Composer & Music Supervisor Vikki Stone | Book writer Victoria Saxton | Director Charlie Westenra | Musical Director Rachel Wells | Choreographer Jane McMurtrie

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Harry & Greta

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The winner of BYMT’s New Music Theatre Award, this dystopian retelling of Hansel and Gretel examined what happens to our protagonists after they escape from the Wicked Witch. When there’s no home to go back to and no adults to look after them, in a world harrowed by the effects of climate change, Harry, Greta and an incredible team of young people must unite in their cause to save the planet and put things right!

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Writer & Composer Lewis Cornay | Director Franny Raffery | Musical Director Tim Jackson | Choreographer Christopher Tendai

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Angry Salmon

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Set in a cartoonish underwater world, with a huge score of unforgettable tunes and irresistible comedy, the show is inspired by true stories from our oceans and tells an important story about taking care of our planet. Every year, thousands of salmon escape from salmon-farms. Unfit for life back in the wild, they are unable to find food, migrate efficiently, and to connect with their fellow wild salmon. The salmon are angry.

Co-writer, Composer & Musical Director Jordan Paul Clarke | Cowriter & Director Ali James | Choreographer Jocelyn Prah

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Romeo & Juliet

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The star-crossed lovers were played by women/non-binary young people in a Verona set as a town on the English seaside where Montagues and Capulets are having a turf war in the midst of roller-skating, ice cream runs and beach hut renovations. Shakespeare’s classic text with contemporary songs, created by the young company.

Writer & Director Victoria Gartner | Composer & Musical Director Jude Obermuller | Choreographer Katherine Moran

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The Naughty Carriage on the Orphan Train

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Based on the true story of orphans who were taken out of New York on trains and paraded in front of families for adoption; this version follows the children who were not chosen and became the children of the Naughty Carriage. A show that celebrates anarchic, individual, curious children and those who are able to find and make their own version of family.

Writer Carl Miller | Composer & Musical Director Luke Saydon | Director Emily Gray | Choreographer Ash Mukherjee

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#50Days

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50Days tells the story of the 50-day period that led up to an outbreak of the 17th century British Civil Wars. The show gives young people a chance to interpret the narrative of a time when this country was politically fraught, in the shadow of a plague, and felt well and truly divided. With parallels to Brexit, questions about the monarchy, a grime soundtrack and a little bit of fake news, #50days is a version of British history told through the eyes of underrepresented Brits of today.

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Writer Thabo Stuck | Music Darkstar | Musical Director Nadine Rose Johnson | Director Nyasha Gudo | Choreographer Melody Sinclair

Burst!

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Candoco Dance Company and BYMT worked with a group of disabled and non-disabled young people, to co-create a live performance that featured outdoors at the Day of Dance Festival in Peckham Library Square. A project about creating opportunities for growth and learning, ensuring that young people can reach their full potential.

Composers & Musical Directors Luke Saydon & Meg McGrady | Choreographers Xan Dye & Bel Eade

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Easter & Summer Camp Courses and Workshops

Open Access Courses 2022

Our open access Camps are week-long intensive residential workshops, where young people aged 11 to 17 devise and develop a new musical in a week and improve their music theatre skills in voice work, singing, drama, devising, writing, musicianship and choreography. The courses in Easter and summer 2023 were attended by 254.

Easter Camp

Warminster School, Warminster

25 Young People Attended

Summer Camps

29 Young People Attended

St Peter’s School, York

40 Young People Attended

28 Young People Attended

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Autumn Camps

All the camps included a final presentation to family and friends and an evaluation session with the creative teams. After consultation with the Young Company Panel, three of the camps were chosen to be developed into full productions for the 2024 season, Animal Farm, All Growed Up and The Power of Camelot.

BYMT Creative Work Placement Scheme

This trainee programme provides emerging artistic and production staff with a valuable step towards working professionally in the theatre sector. In 2023, we engaged 18 people as Assistant Musical Directors, Assistant Stage Managers, Assistant Designers and Assistant Directors for our productions; we make the scheme open for Assistant Choreographers and Producers to also apply.

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Programme Statistics 2023

2023
UK coverage of BYMT Activities (% of local authorities) 80%
Number state educated 78%
Number privately educated 21%
Number home educated 1%
Numbers engaged (Outreach) 974
➢ National Auditions (In-person) (426)
➢ National Auditions (Online) (106)
➢ Discover Music Theatre (442)
Numbers engaged (Residential activities) 477
➢ Productions (223)
➢ Camps (254)
% Progression from engagement to residential 49%
Number of underrepresented participants (all activities) 33%
➢ Global majority (16%)
➢ Disabled and neurodivergent (14%)
➢ Self-identify non-binary (3%)
Number of free & assisted places 531
➢ Assisted (Bursary) places on Productions (52)
➢ Free (Supported) places on Camps (37)
➢ Outreach - Discover Music Theatre (442)
% Benefiting from financial support(low income, underserved communities) 55%
Number of qualifications awarded (Trinity College London) 474
% Progression beyond BYMT to further training and/or a career 84%

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Access To The Arts

Income: Access funds in 2023 totaled £67,490

D’Oyly Carte £5,000 • Coral Samuel £3,000 • Ulster Garden Village £2,500 • Community Relations Council Northern Ireland £2,240 • LB Southwark contribution £9,750 • Backstage Trust £45,000

Expenditure: Access fund allocation in 2023 Expenditure: Access fund allocation in 2023
Auditions contribution £ 5,000 Helping us to maintain the same fee for the third
year in a row
DMT contribution
(includes NI & Candoco
outreach)
£ 5,500 Engaging442young people in community-based
outreach
Bursaries £ 38,650 Enabling 52 young people from low income
households to take part in our theatre productions
Supported places
(includes NI & Candoco
outreach)
£ 18,340 Free placesprovided to25young people on our
Camps (includes NI)
Free placesprovided to12young people on our
Candoco Project
Total £ 67,490 531 free & assisted places [of a total 974] =
55%(+15% compared to 2022)

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The Naughty Carriage On The Orphan Train , Dundee Rep Theatre, August 2023

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Participant Evaluations (Productions and Camps) 2023 Sample of response analysis: Number of Respondents 132 (30% of total cohort)

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Participant Evaluations (Productions and Camps) 2023 continued...

Q17 Has this experience made you want to continue performing and/or be involved with other aspects of the theatre in the future?

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Director Dean Johnson, in rehearsals for All Growed Up Romeo & Juliet, Theatre Royal Plymouth

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BYMT Participants 2023 Mapped

Participants (Ireland)

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Participants (Scotland) Participants (north/midlands/east)

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Participants (Wales) Participants (South of England)

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Participants (London)

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Offices and Facilities

Our offices remained at the Mountview building at 120 Peckham Hill Street, London, SE15 5JT

Management structure and staffing

Management structure and staffing
Executive and Operations
Chief Executive & Creative Director Emily Gray Full time
Producer
Production Assistant
Milly Summer
Heather McInnes
Full time
Part Time
Casting & Young Company Manager
Office Assistant
Cerys Jones
Hannah Stone (to June)/Savannah-Rae Gordon
Full time
Fixed term
Finance Director Clare Russell Part time
Schools & Pastoral Manager Rosa Higgs (from February) Part time
Music Co-Ordinator Jamie Todd (March to September) Part time
Marketing and Development
Development Director Alex Mastihi Full time
Marketing Manager Linda Okachi (from January to September) Full time
Marketing Assistant Rhiannon Dunn Full time

The London office was also supported throughout the year by a number of short-term volunteers and student placements. The Trustees would like to express their thanks to all of them and offer best wishes in their future careers.

Staff changes

In January, Linda Okachi joined as Digital Marketing Manager and she left in September. Then Flavia Fraser-Canon took over as a freelance Marketeer and PR for the Company. Rosa Higgs was recruited to the new role of Schools and Pastoral Manager, to develop and deliver the DMT offer to schools and increase the efficiency and quality of the pastoral training and delivery.

Hannah Stone left after a year in the newly created Office Assistant role, supporting all areas of the Company; she was replaced by Savannah-Rae Gordon, who was a performer with BYMT back in 2014.

Jamie Todd was recruited on a freelance basis as the Music Coordinator, supporting the organization and delivery of the pit bands and the mix of professional and young musicians.

Heather McInnes was employed as Production Assistant, a role funded for a year by the (Cameron) Mackintosh Foundation.

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Continuance of Trading

2023 was a challenging year for fundraising; however, the Company was awarded Arts Council funding for two years (2023-2025) and was successful in fundraising.

The Company made a surplus, having reduced debts and increased income, particularly through Theatre Tax Relief, and has a new reserves policy.

Reserves Policy

The Trustees aim to maintain free reserves in unrestricted funds up to a value of £250,000, which equates to approximately six months of overhead and salary contributions and would allow BYMT to provide a reduced delivery of the usual offer. The reserves policy will be reviewed on an annual basis.

Company Policies

BYMT has the following policies currently in use:

Covid-19 Charter Sickness Absence policy Staff Induction Holiday Entitlement & Lieu Time Code of Conduct Personal and Family Leave Health & Safety Maternity Leave Work Clothing Paternity Leave Business Expenses Shared Parental Leave Anti-bribery & Anti-corruption Parental Leave Grievance Procedure Adoption Leave Disciplinary Framework, Policy & Flexible Working Procedure E-Mail and Internet Usage Dignity at Work Safeguarding Equal Opportunities Data Protection Inclusivity Action Plan & Policy Procurement Whistleblowing Policy

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Fundraising

BYMT maintains a fundraising pipeline worth over £1million per year in order to raise the funds that are needed to sustain the organisation.

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For the 2023 period, the following support for the charity merits special mention:

Public Grants

Arts Council England continued their support of BYMT as a National Portfolio Organisation (NPO), as did the Department for Education through the National Youth Music Organisation programme. We joined the Arts Council’s Transfer programme (part of the Levelling Up for Culture strategy), and successfully completed a feasibility study to determine if the organisation should relocate its head office to Leeds in 2024 (see page 5).

We received support from Arts Council Northern Ireland, a longstanding supporter of the Company, as well as the Community Relations Council Northern Ireland, in support of our project developing the next installment of the Tony Macaulay memoires, for our contribution to peace & reconciliation and addressing the legacy of the Troubles.

Individual support: We secured £15,405 in private individual donations, from our regular ‘Friend’ supporters and one-off donations, some of which were collected during our annual Let It Snow concert in December.

Trusts and Foundations: We secured two new multi-year grants in 2023: £50,000 a year for the next 3 years from Backstage Trust, towards Access to the Arts (outreach, bursaries and supported places), and £30,000 a year for the next 3 years from John Ellerman Foundation, towards the organisation’s Core costs. Other grants we secured towards Core costs included a grant from Mackintosh Foundation in support of our Production Assistant placement, and grants from the Jane Goodman Foundation and St. James’ Trust.

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Public Grants

Arts Council England Arts Council Northern Ireland Community Relations Council Northern Ireland London Borough of Southwark

Friends

Alastair Roberts Barry Anns Emma Shaw Helen Dayananda Kate Suh Francesca Stuckey Howard Jeff Stratford Simon Millson Tim Sawers Sarah Double Fern Stoner Rebecca Nice

Trusts & Foundations

Backstage Trust John Ellerman Foundation Noel Coward Foundation Mackintosh Foundation D’Oyly Carte St. James’ Trust Jane Goodman Charitable Trust Coral Samuel Charitable Trust Ulster Garden Village

Supporters

Aniela and Ed Shuckburgh Bill Kenwright Ltd. Gods & Monsters Theatre Ltd. Royce Bell

Principal Sponsor

NASUWT

With our additional thanks to all schools, colleges, companies, local organisations and individuals who have made donations to individual course fees or sponsored our young people.

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Trustees

The table below shows BYMT Directors who served as Trustees between 1 January and 31 December 2023.

Director Date of appointment Date of resignation Date of
retirement by
rotation
Jimmy Jewell 6 Dec 2016
Alastair Roberts 10 Mar 2015
Aniela Shuckburgh 10 July 2018
Phillip Siddle 1 Jan 2013
Roger Jones 5 Mar 2019
Simon Millson (Chair) 9 Nov 2019
Lucy Stocks 18 Oct 2022
Francesca Unsworth 5 July 2022

Bridget Kalloushi continues as Advisor to the Board on Finance and Rachel Victor Samson as Consultant to the Board on Inclusivity.

Structure, Governance and Management

Governing Document

British Youth Music Theatre is a company limited by guarantee governed by its Memorandum and Articles of Association incorporated on 4 December 2003 and the revised version of articles adopted on 28 June 2010 and further updated Articles adopted on 5[th] July 2022. The Company is registered with the Charity Commissions of both England and Scotland.

Appointment of Trustees

As stated in the Articles of Association, the Board of Trustees may appoint to the Board by a simple majority vote such persons as they consider suitable to be co-opted Trustees. Every person wishing to become a Trustee may be required to sign a declaration of acceptance and of willingness to act as a Trustee, and consent to become a Member, in the form prescribed by the Board of Trustees. The Chair shall be appointed or removed by a majority of the Trustees.

Trustee induction and training

New Trustees undergo an orientation meeting with the Chair on recruitment which includes a briefing on their legal obligations under charity and company law. All relevant documents, articles, business plan, policies etc. are kept in an online folder for all Trustees to view when necessary.

Organisation

The Board of Trustees, which can have up to 20 members, administers the charity. The Board meets quarterly and there are sub-committees covering development and finance which also meet quarterly. During 2023 the Board met five times in person, with online meetings for the Finance Sub Committee

24

and Development Sub Committee prior to each Board meeting. An additional ‘Away Day’ Meeting was held to discuss the process for the Transfer Programme and strategic developments for the upcoming 20th Anniversary Year in 2024.

The Chief Executive & Creative Director is appointed by the Trustees to manage the day-to-day operations of the charity, along with the Senior Management Team (Development Director and Finance Director) and the staff team.

Risk Management

The Trustees have a risk management strategy which comprises:

Statement of Directors’ responsibilities

Company law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Company and of the surplus/deficit of the Company for that year. In preparing those financial statements, the Directors are required to:

The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with Companies Act 2006. In addition, the Directors are responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD

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SIMON MILLSON CHAIR

Dated: 23[rd] April 2024

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BRITISH YOUTH MUSIC THEATRE

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REPORT OF INDEPENDENT AUDITORS TO THE MEMBERS OF BRITISH YOUTH MUSIC THEATRE

Opinion

We have audited the financial statements of British Youth Music Theatre (the 'Charitable Company') for the year ended 31st December 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the Charitable Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charitable Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

26

BRITISH YOUTH MUSIC THEATRE

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charitable Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees Responsibilities, the Trustees (who are also the Directors of the Charitable Company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Charitable Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charitable Company or to cease operations, or have no realistic alternative but to do so.

27

BRITISH YOUTH MUSIC THEATRE

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. We also considered potential financial or other pressures, opportunity and motivations for fraud. As part of this discussion we identified the internal controls established to mitigate risks related to fraud or noncompliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.

We did not identify any key audit matters relating to irregularities, including fraud. As in all of our audits, we also addressed the risk of management override of internal controls including testing journals and evaluation whether there was evidence of bias by the Trustees that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the Charitable Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charitable Company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charitable Company and the Charitable Company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew PC Fox FCA 83 Cambridge Street Statutory auditor Pimlico For and on behalf of London SW1V 4PS George Hay & Company, Statutory Auditor Chartered Accountants Date: 23[rd] April 2024

28

BRITISH YOUTH MUSIC THEATRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Income from:
3
Grants and donations
Charitable activities
Total income
Expenditure on:
Fundraising
5
Charitable activities
4
Total expenditure
Net income/ (expenditure)
Net movement in funds
Total funds at 31 December 22
15
Total funds at 31 December 23
Funds
£
278,972
822,820
1,101,792
52,740
1,035,838
1,088,578
13,214
30,486
43,700
Unrestricted
Restricted
Funds
£
105,453
105,453
-
105,453
105,453
0
-
0
2023
Total
£
384,425
822,820
1,207,245
52,740
1,141,291
1,194,031
13,214
30,486
43,700
Funds
£
267,124
1,230,564
1,497,688
50,916
1,319,776
1,370,692
126,996
(96,510)
30,486
Unrestricted
Restricted
Funds
£
74,666
74,666
-
79,701
79,701
(5,035)
5,035
0
2022
Total
£
341,790
1,230,564
1,572,354
50,916
1,399,477
1,450,393
121,961
(91,475)
30,486

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 25 to 3 form part of these accounts.

29

BRITISH YOUTH MUSIC THEATRE

BALANCE SHEET AS AT 31 DECEMBER 2023

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Stock
Debtors
11
Cash at bank and in hand
CREDITORS: amounts falling
due within one year
12
NET CURRENT LIABILITIES
TOTAL ASSETS LESS
CURRENT LIABILITIES
CREDITORS: amounts falling
due after more than one year
13
NET ASSETS
Represented by:
Unrestricted funds
14
Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Stock
Debtors
11
Cash at bank and in hand
CREDITORS: amounts falling
due within one year
12
NET CURRENT LIABILITIES
TOTAL ASSETS LESS
CURRENT LIABILITIES
CREDITORS: amounts falling
due after more than one year
13
NET ASSETS
Represented by:
Unrestricted funds
14
£
£
7,641
5,903
241,739
6,214
253,856
(170,158)
83,698
91,339
(47,639)
43,700
43,700
2023 Unrestricted
fund
2023
Restricted
fund
0
-
-
-
-
0
0
-
0
0
0
2023 Total
Funds
£
£
£
7,641
4,113
5,903
5,903
241,739
295,839
6,214
256
253,856
301,998
(170,158)
(215,000)
83,698
86,998
91,339
91,111
(47,639)
(60,625)
43,700
30,486
43,700
30,486
31 DEC 2022
2023 Total
Funds
£
£
£
7,641
4,113
5,903
5,903
241,739
295,839
6,214
256
253,856
301,998
(170,158)
(215,000)
83,698
86,998
91,339
91,111
(47,639)
(60,625)
43,700
30,486
43,700
30,486
31 DEC 2022
91,111
(60,625)
30,486
30,486

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to charitable small companies.

The financial statements were approved by the Board of Trustees on 23[rd] April 2024 and were signed on its behalf by:

==> picture [181 x 44] intentionally omitted <==

SIMON MILLSON Chair of the Board of Trustees

30

BRITISH YOUTH MUSIC THEATRE

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31ST DECEMBER 2023
2023 2022
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 28,568 59,358
Net Cash provided by/(used in) operating activites 28,568 59,358
Cash flows from investing activities
Purchase of tangible fixed assets (9,624) (1,350)
Net Cash provided by/(used in) investing activites (9,624) (1,350)
Cash flows from financing activities
New loans in the year (12,986) (62,898)
Net cash provided by financing activities (12,986) (62,898)
Change in cash and cash equivalents in
the reporting period 5,958 (4,890)
Cash and cash equivalents at the
beginning of the reporting period 2 256 5,146
Cash and cash equivalents at the end of
the reporting period 2 6,214 256

31

BRITISH YOUTH MUSIC THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023

  1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income/(Expenditure) for the reporting period (as per
the statement of financial activites)
Adjustments for:
Depreciation charges
Decrease in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by (used in) operating activities
2. ANALYSIS OF CASH AND CASH EQUIVALENTS
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling in one year
Total cash and cash equivalents
3. ANALYSIS OF CHANGES IN NET DEBT
At 01.01.23
£
Net Cash
Cash at bank
256
Bank Overdraft
-
256
Debt
Debts falling due within and after one year
(69,167)
Total
(68,911)
2023
£
13,214
6,096
0
54,100
(44,842)
28,568
2023
£
6,214
-
6,214
Cashflow
£
5,958
-
5,958
15,648
21,606
2022
£
121,961
4,873
0
(64,547)
(2,929)
59,358
2022
£
256

-
256
At 31.12.23
£
6,214
-
6,214
(53,519)
(47,305)

32

BRITISH YOUTH MUSIC THEATRE

NOTES TO FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023

1. Statutory Information

British Youth Music Theatre is a private company, limited by guarantee, registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The Company's registered number and registered office address can be found on the Company Information page. On 19[th] September 2019 the charity officially changed its name to British Youth Music Theatre.

2. Accounting policies

Basis of preparing the financial statements

The financial statements of the Charitable Company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention Assets and liabilities are initially recognised at historical cost or transaction value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income is accounted for on a receivable basis and includes invoiced sales, together with donations and grants.

Donations and grants receivable in the year are included within income, unless they were received for a specific event which has not yet taken place. In this circumstance they have been carried forward and included within accruals and deferred income.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment, fixtures & fittings - 33% on cost Computer equipment - 33% on cost

Current assets

Stock consists of T-shirts and sweatshirts for sale to supporters. It is valued at the lower of cost and net realis able value. Debtors are measured at their recoverable amounts and creditors at their settlement amounts when these can be measured or estimated reliably.

Pension costs

BYMT operates a defined contribution workplace pension scheme. Contributions payable to the scheme are charged to the Statement of Financial Activities in the period to which they relate.

Fund accounting

Unrestricted funds are those funds which can be used for any charitable purpose at the discretion of the Trustees. Restricted funds may only be used in accordance with the specific wishes of donors.

33

BRITISH YOUTH MUSIC THEATRE

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 – CONTINUED

  1. Income
2023
Funds
£
Charitable activities
Audition fees
21,539
Course fees
549,890
Other
251,391
822,820
Grants and donations - Private Grants
Individual
15,405
Corporate sponsorship
30,000
Trusts and foundations
45,000
90,405
Grants and donations - Public Grants
Arts Council England
188,567
188,567
Total grants and donations
278,972
1,101,792
2022
£
Funds
Charitable activities
Audition fees
33,933
Course fees
822,948
Other
373,683
1,230,564
Grants and donations - Private Grants
Individual
84,451
Corporate sponsorship
31,250
Trusts and foundations
-
115,701
Grants and donations - Public Grants
Arts Council England
151,423
151,423
Total grants and donations
267,124
1,497,688
Unrestricted
Unrestricted
2023
2023
Restricted
Total
Funds
£
£
-
21,539
-
549,890
-
251,391
-
822,820
-
15,405
-
30,000
105,453
150,453
105,453
195,858
-
188,567
-
188,567
105,453
384,425
105,453
1,207,245
2022
2022
£
£
Restricted
Total
Funds
-
33,933
-
822,948
-
373,683
-
1,230,564
-
84,451
-
31,250
74,666
74,666
74,666
190,367
-
151,423
-
151,423
74,666
341,790
74,666
1,572,354

34

BRITISH YOUTH MUSIC THEATRE

NOTES TO THE FINANICAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 - CONTINUED

2023
~~4~~.
Charitable Activities
£
Artists and pastoral care fees
233,379
Travel
47,351
Accommodation and meals
259,868
Venue hire
41,600
Production costs
57,507
Office rent and services
31,059
Insurance
6,821
Administration Staff Costs
87,440
Creative Staff Costs
122,236
Marketing Staff Costs
54,093
Marketing
48,583
Accountancy
25,053
Legal
-
External audit
6,720
Bursary Awarded
50,214
Other administrative costs
69,367
1,141,291
~~5~~.
Fundraising costs
£
Fundraising
52,740
~~6~~.
Operating surplus
£
The operating surplus is stated after charging:
Depreciation
6,097
~~7~~.
Staff Costs
£
Wages and Salaries
283,247
Pension
5,524
Social Security Costs
23,414
Recruitment and Training
2,966
315,151
The average monthly number of employees during the period was as follows:
Administration
9
No employees were paid more than £60,000 per annum during the period (2021: nil).
BYMT operates a defined contribution work place pension scheme through NEST,
with contributions being made by both the employer and employees at 3%
(employer), 5% (employee).
Pension costs charged represent contributions payable by BYMT to the scheme.
Total pension costs in the current year amounted to £5,524 (2022: £4,847).
2022
£
267,300
68,583
366,712
74,421
59,429
29,683
7,651
287,120
-
-
88,627
25,674
2,369
6,960
50,498
64,450
1,399,477
£
50,916
£
4,873
£
302,674
4,847
23,357
5,936
336,814
7

~~8~~ . Trustees' remuneration

No trustees of the company received any remuneration during the period or the prior period.

35

BRITISH YOUTH MUSIC THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 – CONTINUED

9. Taxation

No provision for corporation tax has been made as the charity is exempt from corporation tax on its income and gains to the extent these are applied to its charitable activities.

10. Tangible fixed assets

Cost
£
£
At 31st December 2022
16,760

23,754
Additions
595

-
At 31st December 2023
17,355
23,754
Depreciation
At 31st December 2022
14,730
22,572
Charge for the period
2,076
591
At 31st December 2023
16,806
23,163
Net Book Value
At 31st December 2022
549
591
At 31st December 2023
2,030
1,182
Musical
Instruments
Equipment &
Scenery
IT
£
5,636
9,029
14,665
4,735
3,429
8,164
6,501
901
Total
£
46,150
9,624
55,774
42,037
6,096
48,133
7,641
4,113

11. Debtors

Trade Debtors
Prepayments and accrued income
Other Debtors
2023
2022
£
£
15,877
29,561
25,948
7,999
199,914
258,279
241,739
295,839

36

BRITISH YOUTH MUSIC THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 – CONTINUED

  1. Creditors: amounts falling due within one year
Trade creditors
Accruals and deferred income
PAYE and National Insurance
Other Creditors
2023
£
83,074
59,400
13,061
14,623
170,158
2022
£
70,951
119,134
12,389
12,526
215,000

13. Creditors: amounts falling due after more than one year

Loans 2023
£
47,639
2022
£
60,625

14. Funds

Unrestricted Funds
Restricted Funds
Total
£
30,486
-
30,486
2022
£
1,101,792
105,453
1,207,245
Income
£
£
(1,088,578)
43,700
(105,453)
-
(1,194,031)
43,700
2023
Expenditure

Restricted Funds – Project Funds

Core: Cameron Mackintosh £22,000;

Productions: Arts Council Northern Ireland £5,000; Culture Together Grant £7,463 (in partnership with Candoco); Noel Coward £3,500.

Access to the Arts (a.k.a. Bursary Income - bursaries, supported places, DMT, auditions): D’Oyly Carte £5,000; Coral Samuel £3,000; Ulster Garden Village £2,500; Community Relations Council Northern Ireland £2,240; LB Southwark contribution £9,750; Backstage Trust £45,000.

Productions
Access to the Arts
Core
Total
£
-
2023
Income
£
15,963
67,490
22,000
105,453
Expenditure
£
£
15,963
-
67,490
-
22,000
-
105,453
-
2023

37

BRITISH YOUTH MUSIC THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 – CONTINUED

15. Analysis of net assets between funds

Unrestricted Funds at 31 December 2022
Unrestricted Funds at 31 December 2023
£
4,113
7,641
assets
Tangible
fixed
£
£
£
301,998
(275,625)
30,486
253,856
(217,797)
43,700
Total
Liabilities
Current
assets

16. Financial instruments

Financial instruments comprise the loan financing provided by Royce Bell to the company and the Government backed Bounce Back Loan from NatWest.

The agreement for the repayment of the remaining £30,000 loan is subject to BYMT retaining a minimum of 3 months of its current reserve policy or sufficient funds to allow for earlier repayments.

Loan payable falling due within 1 year
Loan payable falling due in more than
1 year but less than 5 years
Loan payable falling due after 5 years
2023
2022
£
£
5,880
8,542
47,639
60,625
-
-
53,519
69,167

17. Members

The Company is limited by guarantee under s62 Companies Act 2006 and therefore in the event of a winding up the members undertake to contribute such amounts as may be required, but not to exceed the sum of £1 in the case of any member, in accordance with Clause 7 of the Memorandum and Articles.

38