FRIENDS OF SALISBURY AREA YOUNG MUSICIANS
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021
## CONTENTS
Page
- 1.-2. Trustees’ Annual Report
3. Independent Examiner's Report 4. Receipts and Payments Account
5. Statement of Assets and Llabititles
## FLETCHER & PARTNERS
## CHARTERED ACCOUNTANTS
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SALISBURY
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FRIENDS OF SALISBURY AREA YOUNG MUSICIANS
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## TRUSTEES REPORT
## FOR THE YEAR ENDED 31 JULY 2021
## Administrative Information:
|Charity no:||1129482||
|---|---|---|---|
|Registered address:||Old Fire Statlon Enterprise|Centre|
|||Salt Lane||
|||Salisbury||
|||SP1 1DU||
|Corporate trustee|:|FSAYM Limited|Company registration No. 09668609|
|Directors of||||
|corporate trustee;|:|Elizabeth Kenny||
|||Howard Prince||
|||Phil Rawnson||
|||Paul Tayler||
|||Andrew Townsend||
|||Francolse Wynn||
|||Alan Willis (resigned 29/06/21)||
|||Isobel Wood (appolnted 29/01/21)||
|Treasurer|:|Paul Tayler (appointed 30/11/19)||
|Management|:|Richard Parsons||
|Administration|:|Anna Smith||
|Advisors||||
|Bankers|:|Lloyds Bank Plc, Sallsbury||
|||Santander,Salisbury||
Independent Examiner : Mr J Fletcher of Fletcher & Partners, Chartered Accountants, Sallsbury
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## FRIENDS OF SALISBURY AREA YOUNG MUSICIANS TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 JULY 2021
## LEGAL STATUS
The charity Is a soclety governed by a constitution that was adopted June 2008 and amended July 2015. The Trustee is FSAYM Limited whose directors are appointed at a general meeting. The directors of FSAYM Limited are the members of the Committee which Is responsible for the administratlon of the soclety.
## AIMS AND ORGANISATION
The objectives of the charity are to promote, Improve, develop and maintain In children up to and Including the age of 19 years, education In, appreciation, understanding and enjoyment of, and the making and performing of music In all Its aspects. This Is to be achieved by the provision of regular ensemble rehearsals and classes leading to the presentation of public concerts and recitals and by such other ways as the soclety, through Its committee shall from time to time determine.
The members of the Committee normally meet at least four times a year. New members of the Committee (who are also directors of FSAYM Limited) are recrulted on the recommendation of the existing Committee and are appointed by resolution of the Committee.
In exercising their powers or duties, the directors of FSAYM Limited have complled with their duty to have due regard to the guidance published by the Charity Commission on public benefit.
## RESERVES
The charity's reserve policy is to hold £60,000 to cover contract commitments and the possible loss of thelr grant Income. The policy is reviewed annually,
## REVIEW OF PROGRESS AND ACHIEVEMENTS
The Covid pandemic placed significant restrictions on the charity's activities this year, but we were able to use online resources and communications to continue musical activity during lockdowns. A considerable amount of online content was added to our website In the second half of 2020, and group sessions were run on Zoom. As restrictions were relaxed somewhat as 2021 went on, smaller face to face group sessions were run, in line with official guidelines. We were able to finish the year with large group concerts outdoors at the end of July. Overall numbers were down to around 300 this year. Because of the pandemic, the planned Tour to Germany was further postponed to 2022.
## ACTIVITIES AND AFFAIRS
The annual accounts have been prepared on the “Receipts and Payments" basis and comply with the requirements of Section 133 of the Charitles Act 2011.
The charity's total recelpts were £44,636 for the year, including grants of £14,598 from Wiltshire Music Connect Hub along with an additional support grant of £6,219 Included as restricted funds, this year gift aid receipt totalling £6,573 was not recelved until August 2021 and so not included in these receipts and payments accounts. £7,450 tour deposits are currently held by the tour operator on the assumption that the tour wil! go ahead In 2022 and to avold the Charity losing any monies If a refund requested.
Total payments were £76,271 of which £29,477 related to tutors, £10,356 for the administrator and £8,408 for management costs.
The charity's cash resources decreased by £31,635 during the year.
The trustees consider the charity's flnanclal position to be satisfactory. The trustees confirm that the Signed onaccounts comply behalf with of membe s: the **r** equirements ofYWYl(_— Act 2011. - Mr P Rawnson, Chairman
Adopted by the Members on: 1S mewemtesar LOZ
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F
F SALI Y_AREA G MUSIC
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## INDEPENDENT EXAMINER'S REPORT TQ THE TRUSTEES OF THE FRIENDS OF SALISBURY AREA YOUNG MUSICIANS
## YEAR ENDED 31 JULY 2021
I report to the trustees on my examination of the accounts of The Friends of Sallsbury Area Young Musicians (the Trust) for the year ended 31 July 2020, which are set out on pages 4 to 5.
## Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts In accordance with the requirements of the Charities Act 2011(‘the Act’).
I report In respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and In carrying out my examination I have followed all the applicable Directlons given by the Charity Commission under section 145(5)(b) of the Act.
## Independent examiner's statement
I have completed my examination. I confirm that no materlal matters have come to my attention In connection with the examination giving me cause to belleve that in any materlal respect: (1) accounting records were not kept In respect of the Trust as required by sectlon 130 of the Act; or
(2) the accounts do not accord with those records;
I have no concerns and have come across no other matters in connection with the examinatlon to which attention should be drawn In thls report In order to enable a proper understanding of the accounts to be reached.
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Signed: ee
Chane
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Name: James Fletcher
Relevant professional qualification or membership of professional body: MA DPhil FCA DChA
Address: Fletcher & Partners, Crown Chambers, Bridge Street, Sallsbury SP1i 2LZ
Date: 17 November 2021
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## FRIENDS OF SALISBURY AREA YOUTH MUSICIANS RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 JULY 2021
||Unrestricted|Unrestricted|Restricted|Restricted|Total|Total funds|
|---|---|---|---|---|---|---|
|RECEIPTS|Subscriptlons
Donations
City hall concerts
Tour|Funds
£
17,179
3,825
-
-|Funds
£
-
-
-
-||2021
£
17,179
3,825
-
-|2020
£
32,145
3,629
7,062
17,060|
||Arts Centre Concert|185||-|185|-|
||Wiltshire Music Hub|-|23,437||23,437|17,758|
||Tuck shop
Shirt sales|-
-||-
-|-
-|502
202|
||Bank and other interest|10||-|10|636|
||Gift aid|-||-|-|20,493|
||Concert collections|-||-|-|1,154|
||Instrument loan|-||-|-|120|
||Percussion loan|-||-|-|350|
||Miscellaneous|-||-|-|78|
|Sub totai||21,199|23,437||44,636|101,189|
|PAYMENTS|Saturday help
Tutors|405
6,040|-
23,437||405
29,477|814
35,889|
||Administrator
Ensemble assistant|10,356
183||-
-|10,356
183|10,356
-|
||Management
Instrument repalrs
Music purchased
Instrument accessorles, etc
Shirts purchased
Accountants|8,408
-
66
750||-
-
-
-
-
-|8,408
-
:
66
-
750|8,408
178
612
53
162
720|
||Venues|6,856||-|6,856|9,098|
||Storage
Insurance|3,024
1,683||-
-|3,024
1,683|2,960
1,676|
||Telephone
Office expenses, incl postage
Fundralsing development costs
Tour
City Hall concerts
Arts Centre concert|849
2,349
-
11,281
-
111||-
-
473
-
-
-|849
2,349
473
11,281
-
411|396
2,068
1,974
10,949
2,081
-|
||Music room repairs|-||-|-|1,503|
|Sub total||52,361|23,910||76,271|89,897|
|Asset and investment purchases||-|||-|-|
|Total payments||52,361|23,910||76,271|89,897|
|NET RECEIPTS / (PAYMENTS)||(31,162)||(473)|(31,635)|11,292|
|Cash funds at 31 July 2020||139,050||2,621|141,671|130,379|
|Cashfundsat31July2021||107,888||2,148|110,036|141,671|
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## FRIENDS OF SALISBURY AREA YOUNG MUSICIANS
## STATEMENT OF ASSETS AND LIABILITIES
## FOR THE YEAR ENDED 31 JULY 2021
||Unrestricted Funds|Unrestricted Funds||||
|---|---|---|---|---|---|
||||Restricted|||
||General
2021,
£|Designated
£|funds
£|Total
2021
£|Total Funds
2020
£E|
|Cash funds||||||
|Uoyds No. 1 Account
Santander Current Account|12,095
3,969|-
-|-
2,148|12,095
6,117|12,094
22,763|
|Santander Savings Account|91,824|-|-|91,824|106,814|
||107,888|-|2,148|110,036|141,671|
Restricted funds consists of grants received from Wiltshire Music Hub towards supporting children and young people of £23,437 which was utillsed against tutors fees, A further £473 of the grant from Wiltshire Music Hub towards development costs was spent in the year.
||UnrestrictedFunds|UnrestrictedFunds|Restricted|||
|---|---|---|---|---|---|
||General
2021|Designated|funds|Total
2021|Total Funds
2020|
||£|£|E|£|£|
|Other non-cash assets||||||
|Computers - Laptops
Computers and printer
Instruments - Yamaha CP40 stage plan|580
252
1,208|-
-
-|-
-
-|580
252
1,208|580
252
1,208|
|Laptop
2way Radlos
Glockensplel|575
711
1,134
4,460|-
-
-
-|-
-
-
-|575
7il
1,134
4,460|575
711
1,134
4,460|
|||||2021
£|2020
£|
|Instruments transferred from||||||
|Wiltshire Music Service at no cost.||||||
|Valued by FSAYM at||||88,020|88,020|
|Library ofsheet music transferred||||||
|from Wiltshire Music Service at no cost.||||||
|Valued by FSAYM at||||60,000|60,000|
|||||148,020|148,020|
|Gift aid due||||6,573|-|
|||||6,573|-|
|Tourdepositsheldbytouroperator||||7,450|-|
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