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2025-12-31-accounts

BRITISH YOUTH MUSIC THEATRE

British Youth Music Theatre Annual Report and Statement of Accounts

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

Year ended 31st December 2025

www.britishyouthmusictheatre.org

REGISTERED NUMBER: 04985332 (England and Wales)

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BRITISH YOUTH MUSIC THEATRE

CONTENTS

Trustees’ Report 4 - 15
Independent Auditors’ report 16 -18
Consolidated Statement of Financial Activities 19
Balance Sheet 20
Consolidated Statement of Cash Flows 21-22
Notes of Accounts 23-28

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BRITISH YOUTH MUSIC THEATRE

COMPANY INFORMATION

TRUSTEES:

Simon Millson OBE - Chair Rachel Cox (from 30/09/2025) Elaine Grant (from 30/09/2025) Jimmy Jewell (to 09/12/2025) Roger Jones Lexine Lee Rebecca Nice (from 30/09/2025) Sarah Share (from 30/09/2025) Aniela Shuckburgh Philip Siddle Lucy Stocks (to 30/09/2025) Francesca Unsworth Jackson Used (from 30/09/2025)

SENIOR MANAGEMENT : Chief Executive & Creative Emily Gray Director

REGISTERED OFFICE: Yorkshire Dance, 3, St Peter’s Square Leeds, LS9 8AH BANKERS: NatWest plc Bank House 1 Belvedere Grove Wimbledon SW19 7RQ

INDEPENDENT AUDITORS: George Hay & Company, 83 Cambridge Street Pimlico London SW1V 4PS

REGISTERED CHARITY: 1103076 (England and Wales) REGISTERED CHARITY: SC039863 (Scotland) REGISTERED COMPANY: 04985332 (England and Wales)

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BRITISH YOUTH MUSIC THEATRE

Trustees’ Report For the year ended 31 December 2025

The Trustees (who are also directors of the company) present their report, together with the audited financial statements of the Charitable Company for the year ended 31 December 2025.

Introduction

BYMT Values are:

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. 6 new musical productions developed and performed in professional theatres across the UK; 225 in the Young Company, 75% female, 22% male, 3% non-binary, with 52% returning from previous BYMT activity.

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

  4. 6 week-long residential camps including skills development and idea generation for new stories to be told through musical theatre. Adaptations of stories and historical events, as well as brand new creations, for 189 young people, with 85% new to BYMT.

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

  6. 13 Discover Music Theatre (DMT) workshop days in schools, introducing theatre skills, developing new ideas for musicals and awareness of career pathways for 762 young people; 3 DMTs in Levelling Up for Culture Places, 1 with SEND community group and 1 with a group of asylum seekers.

  7. Improving arts employability prospects for early-career creative and technical theatre makers:

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

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BRITISH YOUTH MUSIC THEATRE

Mission

Our mission is to empower young people to discover and shape their creative potential through lifechanging, inclusive theatre experiences that nurture individuality, collaboration and self-expression in the making of new work.

We envisage a transformed musical theatre sector where a bold, diverse, and collaborative generation of creators redefine who makes musicals and how they are made.

The Naughty Carriage on the Orphan Train, Birmingham Hippodrome, April 2025

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BRITISH YOUTH MUSIC THEATRE

Overview of 2025

Worn Out, Lowry, Salford, August 2025

In 2025, BYMT established its new base in Leeds, with a successful Welcome to Leeds Event in the Conservatoire, at which Mayor Tracy Brabin and Vice Principal Patsy Gilbert gave warm welcoming speeches and performances were delivered by BYMT alumni, current Young Company members and Conservatoire students. The new website was launched in June, and the Company delivered a successful season of new musicals, developed with 25 writers, composers and lyricists. This year saw writers Packham and Kealy take up a Cameron Mackintosh Writing Residency with BYMT.

The year began with an Audition tour to 16 cities in the UK and Ireland, which engaged 611 young performers and musicians in workshops and developed their performance skills. The 2025 Season Productions were programmed by the Young Company Panel and included The Naughty Carriage On The Orphan Train at Birmingham Hippodrome, a poignant true story of the Orphan Trains, exploring found family and belonging, Worn Out, a retelling of the 12 Dancing Princesses at The Lowry, Sense and Sensibility a witty, musical adaptation of the Jane Austen novel at Exeter Barnfield, Theo In Between at Leeds Carriageworks, a new narrative exploring non-binary identity in a small English town, Choreomania, a movement inspired exploration of the 1518 dancing plague at Birmingham Hippodrome. Our New Music Theatre Award winning show, The Glamification of Loki played at Southwark Playhouse in London. Press activity for the above was strong, with over 70 published press pieces covering the season.

Six development camps included Upskill, a week specifically supporting 16+ year old’s auditioning for drama schools, conservatoires, colleges and universities. The camps explored stories including

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BRITISH YOUTH MUSIC THEATRE

Burning Down, York Summer Camp, August 2025

reinterpretations of known tales, Peter Pan and Rumpelstiltskin, an eco-fantasy adventure about bees, historical events including the Suffragettes and the Bling Ring, plus a musical interpretation of a fantastical YA novel. Each camp concluded with a showcase performance, attended by a live audience and assessed by Mountview Exams for participants’ Grade 6 certification.

Events outside the productions and camps included marching in Leeds Pride with alumni, creatives, staff and students, performing around the city at Leeds Piano Trail, Carol singing in Leeds and London and engaging Young Company members in events and panels, such as pitches for the New Music Theatre Award.

Our Discover Music Theatre (DMT) workshops took place in community groups as well as schools across the UK, developing relationships in Levelling Up for Culture Places. The majority of these workshops engaged participants in developing material for the Season shows; our writing teams were also given development opportunities at Leeds Conservatoire and ArtsEd.

This was the first year that BYMT partnered with Mountview on their MX Exams, a brand-new syllabus with our season as the first to be adjudicated in group Musical Theatre qualifications. 402 MX qualifications were awarded across productions and camps, with Choreomania as the highest scoring production (Distinction - 88%) and the Upskill camp scoring 85%. 162 freelancers, 41% with protected characteristics, were employed to deliver the creative and technical elements of the season, with the support of 48 pastoral staff. 18 early-career theatre makers were employed on Creative Work Placements, 75% with protected characteristics.

BYMT offered creative opportunities to a consistent level of underrepresented young people, which was 35% in 2024 and 2025.

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BRITISH YOUTH MUSIC THEATRE

140 young performers and musicians took part in Let It Snow, our annual winter concert, which was held at Woolwich Works for the first time, performed in front of a live audience of over 300. The evening was opened by our patron Grace Mouat and was a wonderful celebration of the 2025 Season, which was reviewed positively by industry writers.

2025 saw the third year of the Arts Council NPO cycle, with reporting against the aims of the ACE Let’s Create strategy. As part of the ACE Transfer Programme, BYMT settled into its head office in Yorkshire Dance, located in the cultural quarter of Leeds. Whilst our offer to participants and audiences remained the same across the country, BYMT developed its partners in West Yorkshire, including Leeds International Piano Competition, Leeds 33, the local council and combined authority, Culture Consortium Leeds and Leeds Conservatoire, continuing to build a northern home for new musical theatre-making.

The 2025 season demonstrated that BYMT is continuing to grow in reach, influence, and impact. Over 200 pieces of social media content collectively gained over 1 million views and press activity was strong. Exceeding ticket sales targets and achieving exceptional digital engagement show continued fostering of a loyal community online, whilst reaching out to new audiences. Towards the end of the year, BYMT was nominated for a number of awards, including Team of the Year for our Marketing staff, at The Stage Awards.

Financially, the Company maintained strong cashflow and a surplus at the end of the year to contribute to a growing reserve. Arts Council England remained the most significant funder for BYMT and the Company benefitted from being part of the network of National Youth Music Organisations. New funders in the year were the Regional Creatives Fund and the Austin and Hope Pilkington Trust. In December, BYMT took on the campaign of raising £20k through the Big Give Christmas Challenge; fundraising efforts included a non-stop dancethon of ten hours by the core staff team, carol singing in Leeds and London by Young Company members, fundraising by Young Company Panel members and overwhelming support from board members, parents, friends and stakeholders.

2025 financially reflects a different year to 2024 in terms of lower income and expenditure; this is due to our 20th Anniversary in 2024, when we delivered an additional show, a highly successful production in Belfast, an outdoor performance and a gala, to celebrate the anniversary.

By the end of the year, BYMT showed a surplus of £25,605 and retained cash at the bank.

The Company wishes to express its sincere gratitude to all its funders for ongoing support during the year: Arts Council England; the UK-wide teachers’ union, NASUWT; Backstage Trust, John Ellerman Foundation, Garfield Weston Foundation; education provider S2E and the Big Give, as well as many individuals and donating bodies who gave so generously.

The Board said farewell to longstanding Trustee Jimmy Jewel and undertook an extensive recruitment process, resulting in the appointment of 5 new Board members; Rachel Cox , Chief People Officer at

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BRITISH YOUTH MUSIC THEATRE

Low Carbon Contracts Company, Leeds, Elaine Grant , Director at Elaine Grant Creative Arts Consulting, Rebecca Nice , Prime Financial Services Sales, Commercial & Investment Bank, VicePresident at J.P.Morgan, London, Sarah Share , Assistant Head at Leicestershire Music, Jackson Used , Artistic Development Associate at Concord Theatricals. There were Board Champions for ACE’s Investment Principles, Inclusivity & Relevance, Environmental Responsibility, Dynamism and Ambition & Quality, who reported as required. In 2026 we will be recruiting a new Chair of the Board and a subcommittee of current trustees will lead this process.

Looking forward, 2026 will be the year BYMT delivers localized projects in West Yorkshire, as well as working with around 30 writers to build a national programme of new musical theatre. BYMT will continue to strengthen its staff and Board through training, detailed discussion with the Young Company Panel and Artistic Associates, data-led decision-making and productive partnerships. Fundraising will be a challenge in 2026, as a number of multi-year grants come to an end and the climate for raising funds becomes ever more competitive; a dynamic strategy, diversification of income streams and improved impact reporting will help with this challenge. We will 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.

Sense & Sensibility, Barnfield Theatre, Exeter, August 2025

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BRITISH YOUTH MUSIC THEATRE

Theo in Between, Carriageworks Theatre, Leeds, August 2025

Offices and Facilities

Head Office: Yorkshire Dance, 3 St Peter’s Square, Leeds LS9 8AH London Office: Mountview,120 Peckham Hill Street, London, SE15 5JT

Management structure and staffing

Management structure and staffing
Executive and Operations
Chief Executive & Creative Director Full time
Producer Full time
Production and Engagement Associate Part Time
Casting & Young Company Manager Full time
Finance Director Part time
Welfare Manager Part time
Marketing and Development
Head of Development Full time
Marketing Manager Full time
Marketing & Content Coordinator Full time

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BRITISH YOUTH MUSIC THEATRE

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

Continuance of Trading

2025 was a successful year for fundraising. The Company made a surplus, having reduced debts and increased income, particularly through Theatre Tax Relief.

Reserves Policy

The Trustees aim to maintain free reserves in unrestricted funds up to a value of £175,000, which equates to approximately six months of overhead and salary contributions and would allow BYMT to provide reduced delivery of the usual offer. The reserves policy will be reviewed on an annual basis.

Company Policies

BYMT complies with all statutory required polices; these can be requested via the BYMT website www.britishyouthmusictheatre.org

----- Start of picture text -----
The Glamification of Loki, Southwark Playhouse, August 2025
----- End of picture text -----

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BRITISH YOUTH MUSIC THEATRE

Fundraising

Public Grants

Arts Council England continued their support of BYMT as a National Portfolio Organisation (NPO) and made up for the short fall of the Department for Education withdrawing their funding from all of the National Youth Music Organisations (NYMOs).

Individual support: We secured £22,506 in private individual donations, from our regular ‘Friend’ supporters and one-off donations, plus £20,000 from the Big Give, which is the highest amount of donations received since 2020.

Trusts and Foundations: We raised £248,864 over the year; continuing multi-year grants were from Garfield Weston Foundation (£25k for two years) Backstage Trust (£50,000 a year for the next year) towards Access to the Arts (outreach, bursaries and supported places), John Ellerman Foundation (£30,000 a year for the next year) towards core costs. Other grants we secured included the Regional Creatives Fund, St. James’ Trust, D’Oyly Carte Charitable Trust, Noel Coward Foundation, Austin & Hope Pilkington Trust and Boris Karloff Charitable Foundation.

Funds from S2E (Surveyors to Education) were specifically to support arts education in schools across the country for young people and teachers’ continuing professional development.

Corporate Donation : The Teaching Union NASUWT remained our principal supporter, with £15,000 as well as in kind support.

Choreomania, Birmingham Hippodrome, August 2025

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BRITISH YOUTH MUSIC THEATRE

Public Grants

Trusts & Foundations

Arts Council England

Backstage Trust John Ellerman Foundation Garfield Weston Foundation Regional Creatives Fund Noel Coward Foundation D’Oyly Carte Charitable Trust St. James’ Trust Austin & Hope Pilkington Trust Boris Karloff Charitable Foundation

Friends

Alastair Roberts Regional Creatives Fund Barry Anns Noel Coward Foundation Emma Shaw D’Oyly Carte Charitable Trust Helen Dayananda St. James’ Trust Kate Suh Austin & Hope Pilkington Trust Francesca Stuckey Howard Jeff Stratford Simon Millson Supporters Tim Sawers Aniela and Ed Shuckburgh Sarah Double Sir Paul McCartney Fern Stoner Royce Bell Rebecca Nice The Agency

Principal Supporter NASUWT

Sponsors

Surveyors to Education

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.

Let it Snow, Woolwich Works, December 2025

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BRITISH YOUTH MUSIC THEATRE

Trustees

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 will 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.

Trustees can serve a 6-year term, made up of 2 x 3 years, with a review after the first 3 years. If there are specific circumstances in which it would be beneficial for the Trustee to remain on the Board, they may do so for an additional 3 years.

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 plans, 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 2025 the Board met four times in person, with online meetings for the Finance Sub Committee and Development Sub Committee prior to each Board meeting.

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 (Finance Director) and the staff team.

Risk Management

The Trustees have a risk management strategy which comprises short-term risks (over the next 3 months) and longer-term risks (two years ahead) with mitigation for the risks and clarity on where responsibilities lie. In 2025, the senior team installed new elements to the Risk Register and process of articulating and analysing risk; before each Board meeting the staff discuss the most pressing risks,

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BRITISH YOUTH MUSIC THEATRE

which are then reported to the Board. There is a new traffic light system in place, which the Board discuss and adapt at meetings through

Statement of Directors’ responsibilities

The Trustees (who are also directors of British Youth Music Theatre for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and 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

SIMON MILLSON CHAIR

Dated: 17[th] April 2026

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BRITISH YOUTH MUSIC THEATRE

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 2025 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.

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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.

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BRITISH YOUTH MUSIC THEATRE I￿r responslbiliti•s for the audit of th• financiil statem•nts Our objectNes 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 IndependentAuditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit condurted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misststements can arise from fraud or error and are considered material rf, individualty or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial ststements. Irregularities, including fraud, are instances of non-compliance with lav￿ and regulations. We design procedures in line with our responsibilities. OLrtlined above, to detect material misstatements in respert of irregularrf(ies, including fraud. The extent to which our procedu￿$ are capable of detecting irregularities including fraud is detsiled below: Based on our understanding of the Charitable Companys operations, we identified that the principal risks of non-compliance with laws and regulations relate to grant applications and complying with Charty regulations in general. We considered the extent to which r￿n-Compliance might have a material effect on the financial statements. We evaluated management's incentNes and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls),. and determined there were no principal risks directly imparting the Charrtable Company's revenue and management bias in accounting estimates. Audit procedures performed by the engagement team included: Discussions with management including consideration of known or susperted instances of non- compliance with laws and regulation and fraud,. Evaluating management's controls designed to prevent and detert irregularities", Identifying and testing transactions and balances, in particular those with unusual account combinations or with unusual descriptions.. and Challenging assumptions and judgements made by management in their critical accountiNJ estimates. 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.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Use of our report This report is made solety 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 stste to them in an audTtors' report and for no other puT￿e. To the fullest extent pemitted by law. we do not accept or assume resp)nsibility to anyone other than the Charitsble Company and the Charitable Company's members as a body, for our audit wort for this repor¢ or for the opinions we have formed. Andrew PC Fox FCA Ststutory audltor For and on behalf of Geory• Hay & Company. ststutory Auditor Chartered Accountants 83 Cambridge Street Pimlico London SW1V 4PS D•tr. 17th April 2026 18

BRITISH YOUTH MUSIC THEATRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
Income from:
Grants and donations
Charitable activities
Total income
3
Expenditure on:
Charitable activities
4
Fundraising
5
Total expenditure
Net income/ (expenditure)
Net movement in funds
Total funds brought forward
Total funds carried forward
15		 Restricted
2025
Restricted
2024
Funds
Funds
Total
Funds
Funds
Total
£
£
£
£
£
£
289,703
73,555
363,258
297,749
102,700
400,449
911,880
-
911,880
1,076,047
-
1,076,047
1,201,583
73,555
1,275,138
1,373,796
102,700
1,476,496
1,131,708
73,555
1,205,263
1,298,945
102,700
1,401,645
44,270
-
44,270
45,951
-
45,951
1,175,978
73,555
1,249,533
1,344,896
102,700
1,447,596
25,605
-
25,605
28,900
-
28,900
72,600
-
72,600
43,700
-
43,700
98,205
-
98,205
72,600
-
72,600
Unrestricted
Unrestricted

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 21 to 28 form part of these accounts.

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BRITISH YOUTH MUSIC THEATRE

BALANCE SHEET AS AT 31 DECEMBER 2025

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		 Restricted
fund
£
£
13,200
-
-
7,546
-
268,533
-
380
-
276,459
-
(161,454)
-
115,005
-
128,205
-
(30,000)
-
98,205
-
98,205
-
Unrestricted fund
2025		 Total
Funds
£
13,200
7,546
268,533
380
276,459
(161,454)
115,005
128,205
(30,000)
98,205
98,205		 £
£
3,223
5,903
270,722
12,231
288,856
(184,758)
104,098
107,321
(34,721)
72,600
72,600
Total Funds
2024

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 17th April 2026 and were signed on its behalf by:

SIMON MILLSON Chair of the Board of Trustees

The notes on pages 21 to 28 form part of these accounts.

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BRITISH YOUTH MUSIC THEATRE

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2025

Notes
Cash flows from operating activities
Cash generated from operations
1
Net Cash provided by/(used in) operating activites
Cash flows from investing activities
Purchase of tangible fixed assets
Net Cash provided by/(used in) investing activites
Cash flows from financing activities
Loan repayments made during the year
Net cash provided by financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
2
Cash and cash equivalents at the end of
the reporting period
2		 2025
2024
£
£
9,370
18,934
9,370
18,934
(16,500)
-
(16,500)
-
(4,721)
(12,917)
(4,721)
(12,917)
(11,851)
6,017
12,231
6,214
380
12,231

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BRITISH YOUTH MUSIC THEATRE

NOTES TO THE CASH FLOW STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

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
(Increase)/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 01.01.25
£
Net Cash
Cash at bank
12,231
Bank Overdraft
-
12,231
Debt
Debts falling due within and after one year
(44,166)
Total
(31,935)		 2025
2024
£
£
25,605
28,900
6,524
4,417
(1,643)
-
2,189
(28,983)
(23,305)
14,600
9,370
18,934
2025
2024
£
£
380
12,231
-
-
380
12,231
Cashflow
At 31.12.25
£
£
(11,851)
380
-
-
(11,851)
380
10,000
(34,166)
(1,851)
(33,786)

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BRITISH YOUTH MUSIC THEATRE

NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

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 costs 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 realisable 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.

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.

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BRITISH YOUTH MUSIC THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 – CONTINUED

3. Income

Charitable activities
Audition fees
Course fees
Other
Total charitable activities
Grants and donations - Private Grants
Individual
Corporate sponsorship
Trusts and foundations
Grants and donations - Public Grants
Arts Council England
Total grants and donations
Charitable activities
Audition fees
Course fees
Other
Total charitable activities
Grants and donations - Private Grants
Individual
Corporate sponsorship
Trusts and foundations
Grants and donations - Public Grants
Arts Council England
Southwark Council
Total grants and donations		 2025
2025
2025
Restricted
Total
Funds
Funds
£
£
£
25,011
-
25,011
585,566
-
585,566
301,303
-
301,303
911,880
-
911,880
22,506
-
22,506
18,333
-
18,333
95,000
73,555
168,555
135,839
73,555
209,394
153,864
-
153,864
153,864
-
153,864
289,703
73,555
363,258
1,201,583
73,555
1,275,138
2024
2024
2024
£
£
£
Restricted
Total
Funds
Funds
24,252
-
24,252
674,225
-
674,225
377,570
-
377,570
1,076,047
-
1,076,047
21,823
-
21,823
30,000
-
30,000
85,000
102,700
187,700
136,823
102,700
239,523
153,926
-
153,926
7,000
-
7,000
160,926
-
160,926
297,749
102,700
400,449
1,373,796
102,700
1,476,496
Unrestricted
Unrestricted

24

BRITISH YOUTH MUSIC THEATRE

NOTES TO THE FINANICAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 - CONTINUED

4.
Charitable Activities (Restricted)
Accomodation and meals
Bursary Awarded
Charitable Activities (Unrestricted)
Artists and pastoral care fees
Travel
Accommodation and meals
Venue hire
Production costs
Office rent and services
Insurance
Administration Staff Costs
Creative Staff Costs
Marketing Staff Costs
Marketing
Accountancy
External audit
Other administrative costs
~~5~~.
Fundraising costs
Fundraising
6.
Operating surplus
The operating surplus is stated after charging:
Depreciation
7.
Staff Costs
Wages and Salaries
Pension
Social Security Costs
Recruitment and Training		 2025
£
22,219
51,336
73,555
240,299
40,065
293,916
45,403
60,703
24,049
7,379
70,327
127,798
63,475
49,895
28,080
7,542
72,777
1,131,708
1,205,263
2025
£
44,270
2025
£
6,524
2025
£
274,024
6,404
23,594
1,848
305,870		 2024
£
47,752
54,948
102,700
288,313
63,599
303,063
75,381
75,025
33,690
7,053
85,291
138,339
30,804
71,197
27,391
7,080
92,719
1,298,945
1,401,645
2024
£
45,951
2024
£
4,417
2024
£
269,022
4,991
21,940
3,033
298,986

The average monthly number of employees during the period was as follows: Administration 8 One employee was paid more than £60,000 per annum during the period

8

25

BRITISH YOUTH MUSIC THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 – CONTINUED

BYMT operates a defined contribution workplace pension scheme through NEST, with contributions being made by both 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 £6,404 (2024: £4,991).

8. Trustees’ remuneration

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

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. The charity is exempt from VAT and eligible for Theatre Tax Relief.

10. Tangible fixed assets

Cost
£
£
At 1st January 2025
17,355
23,754
Additions
-
-
At 31st December 2025
17,355
23,754
Depreciation
At 1st January 2025
17,157
23,754
Charge for the period
198
-
At 31st December 2024
17,355
23,754
Net Book Value
At 31st December 2025
-
-
At 31st December 2024
198
-
Musical
Instruments
Equipment &
Scenery		 Computer
Equipment
Total
£
£
14,665
55,774
16,500
16,500
31,165
72,274
11,639
52,550
6,326
6,524
17,965
59,074
13,200
13,200
3,026
3,224

11. Debtors

Trade Debtors
Prepayments and accrued income
Other Debtors (Including Theatre Tax Relief)		 2025
2024
£
£
12,577
5,736
23,193
10,718
232,763
254,268
268,533
270,722

26

BRITISH YOUTH MUSIC THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 – CONTINUED

12. Creditors: amounts falling due within one year

Trade creditors
Accruals and deferred income
PAYE and National Insurance
Other Creditors		 2025
2024
£
£
87,639
62,423
37,138
99,532
22,080
7,213
14,597
15,590
161,454
184,758

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

Loans
14.
Funds
Unrestricted Funds
Restricted Funds
Total		 2025
2024
£
£
30,000
34,721
£
£
£
£
72,600
1,201,583
(1,175,978)
98,205
-
73,555
(73,555)
-
72,600
1,275,138
(1,249,533)
98,205
31.12.2025
Expenditure
01.01.2025
Income

Restricted Funds – Project Funds

Core: Boris Karloff £2,000

Productions: Austin & Hope £5,000; S2e £3,333 Noel Coward £5,000.

Access to the Arts (a.k.a. Bursary Income - bursaries, supported places, DMT, auditions): D’Oyly Carte £6,000; Backstage Trust £50,000; Kingsmead College £2,222

Productions
Access to the Arts
Core
Total		 £
-
2025		 Income
£
13,333
58,222
2,000
73,555		 Expenditure
£
£
13,333
-
58,222
-
2,000
-
73,555
-
2025

27

BRITISH YOUTH MUSIC THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 – CONTINUED

15. Analysis of net assets between funds

Unrestricted Funds at 31 December 2024
Unrestricted Funds at 31 December 2025		 £
£
£
£
3,223
288,856
(219,479)
72,600
13,200
276,459
(191,454)
98,205
assets
Total
Liabilities
Tangible
fixed
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		 2025
2024
£
£
4,166
9,444
30,000
34,722
34,166
44,166

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.

28