Tnjstees, Annual Report Independent Examlner's Report ReIptS and Payments Account Statement Df Assets and Llabilities TA
Administr)tlve Informatlon: 1129482 Old Flre Statlon Enterprtse Centrè Salt Lane Sallsbury SPI IDU FSAYM Llmlted Company reglstratlon No. 09668609 Ellzabeth Bailey (appointed 30 November 2023} Ellzabeth Kenny Howard Prlnce (resigned 30 Novernber 20231 Phll Rawnson Paul Tayler Ireslgned 30 November 2023} Andrew Townsend IsobÈl Wood Paul Tayler (resigned 30 November 2023) Elizabeth Balley (appolnted 30 NDvember 2023) Richard Parsons Anna Smlth Bankers Lloyds Bank Plc, Salisbury Santander, Sallsbury Inve5tments'. Flagstone savings Investment platform In(fependent Examlner Mr J Fletcher of Fletcher & Partners, Chartered Accountants, Sallsbury Page I
EN ICI TR STEES. ANNUAL REPO 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 dlrectors are appolnted at a general meeting, The dlrectors of FSAYM Llmlted are the Member5 of the Commlttee whlch Is responsible for the admlnlstratlon of the soclety. AIMS AND ORGANXSATION The objectives of the charity are to promote. Improve, develop and malntèln In chlldren up to an including the age of 19 years, educatlon In, appreclatlon, understanding and enjoyment of, and the making and performlng of muslc In all Its aspects. This 15 to be achieved by the provision of regular ensemble rehearsals and classes leadlng to the presentatlon of public concerts and recitals and by such other ways as the soclety, through Its commlttee shall from tlme to time determine. The members of the Commlttee normally meet at least four tlmes a year. New rnernbe of the Committee (who are also directors of FSAYM Llmlted) are recrulted on the recommendation of the existing Committee and are appointed by re501ution of the Committee. In exerclslng their powers or dutles, the dlrectors of FSAYM Limited have complled wlth thelr duty to have due regard to the guidance published by the Charity Comm155ion on publlc benefit. RESERVES The charlty's reserve pollcy Is to hold £62,000 to cover contrart commltments and the possible105s of their grant incL)me. The pollcy is revlewed annually. REVIEW OF PROGRESS AND ACHIEVEMENTS SAYM has enjoyed a busy year wlth a full pragramme of ensemble sesslons and concerts. Membershlp dropped slightly to 296 musicians taklng part In regular groups throughout the year. In addition, 150 younbg people participated In our creative music making sessions in partnershlp wlth Wlltshlre Creat5ve. We staged our three showcase 5prlng concerts In St Thomas, church to full and enthusiastic audiences. SAYM continues to promote participation and inclusion through a range of work5hop5 and beginner groups. AcfIvITIES AND AFFAIRS The annual accounts have been prepared on the "Receipts and Payments" basls and comply wlth the requlrements of Sectlon 133 of the Charltles Act 2011. The charity's total recelpts were £87,244 for the year, there were no dep051ts and payments for a tour in this year. We CeIved restrlcted grants of £19,098 from the Wiltshire Music Connect. Membershlp subscriptions totalled £43,030, Glft Ald of £9,083 wa5 received and Spring Concert tickets and 5pon59rship ralsed £5,983. We also beneflted from E5,930 of donatlons and mbscellaneous other incame of £4,120. Total payments were £90,282, and there was no expenditure for a Tour. Tutors and management COStS totalled £62,475, with £14,981 for hire of premlses. Other Costs, Including offlce expenses, storage and Insurance, totalled £12,826. The charity'5 cash resources decreased by £3,038 durlng the year. The trustees consider the charity's financlal posStlon to be satlsfactory. The trustees conflrm that the accounts comply wlth the qulrements of the Charities Act 2011. Signed on behalf of members: Mr P Rawnson, Chalrman Adopted by the Members on: eh er Loz Page 2
I report to the trustees on my examlnatlon of the accounts of The Frlends of Salisbury Area Young Muslclans {the Trust) for the year ended 31 July 2024, which are set out on pages 4 to 5. Responslbllltles and basls of report A5 the charlty trustees of the Trust you are responsible for the preparation of the accounts in èccordance with the requirements of the Charltles Act 2011('the Act,). I report in respect of my examlnatlon of the Trust's accounts carrled out under section 145 of the 2011 Act and Irh carrylng out my examination I have followed all the applicable Dlrectlons given by the Charity Commission under sectlon 145(51(b) of the Act. Independent examlner's statamant I have completed my examinatlon. I confirm that no material matter5 have come to my attentlon In connection with the examlnatlon olvlng me cause to belleve that in any materlal respett.. {1) accountlng records were not kept in respert of the Trust as requlred by section 130 of the Art; or (21 the accounts do not accord with those records. I have no concerns and have come across no other matters In connectlon wlth the examinatlon to which attention should be drawn in thls report In order to enable a proper under5tandlng of the accounts to be reached, Signed.. Name: James Fletcher Relevant professional qualiflcatlon or membershlp of professlonal body: MA DPhil FCA DChA Address.. Fletcher & Partners, Crown Chambers, Brldge Street, Sa115bury SPI 2LZ Date: It Page 3
DS OF SALISBURY AREA YOUTH MUSI 20 RECEIPTS Subscriptlons Donatlons SCC Youth Bursary Tour Wiltshlre N¥Jslc Hub Spring Concert Income Wcreatlve project First Access Project Shlrt sales Bank and other Interest Gift ald Instrument loan Percussion loan 43,030 5,930 43,030 5,930 44,395 6,328 750 43,560 16,649 6,057 370 19,098 19,098 5,983 618 745 5,983 618 745 iii 239 9,304 300 550 2,197 9,083 iio 450 2,197 9,083 iio 450 Sub total 128 613 PAYMENTS Saturday help Tutors Adminlstrator Management Instrument repalrs Music purchased Instrument accessorles, etc Accountants Recruitment Muslc Tech course Venues Storage Insurancé Telephone Offlce expenses, Incl postage Transport Instruments Flrst ald training Advertising/promotlon/banners Tour and tour refunds Bassoon introductory le550ns Flrst Access Project WCreatSve project Portfollo management fees Card reader fee5 1,705 39,067 10,666 8,660 105 106 58 810 21,182 12,841 9,354 50 140 581 852 508 19,098 40,280 12,841 9,354 50 140 581 852 508 450 13,355 3,160 1,723 510 2,493 161 14,981 3,231 i.A4n 553 1,581 163 451 743 14,981 3,231 553 1,581 163 451 743 1,514 42,176 24 36 665 1,200 206 26 71,184 36 665 1,200 206 26 90,282 906 Sub total 19,098 127,649 Asset and Investrnent purchases Total payments 19,098 127 649 NET RECEIPTS / (PAYMENTS) Cash funds at 31 July 2023 ash funds at 31 July 2024 (3,038) 111,205 108,167 (3,0381 964 2,388 113,593 110,555 112,629 113 593 Page 4
tal Fu Cash funds Lloyds No. l Account Santander Current Account Santander Savlngs Account Flagstone holding account Flagstone deposlt account 25 9,441 22, 189 143 81,795 7,511 17,397 139 83,360 2,148 9,659 17,397 139 83,360 108 407 110,555 113,593 Fie5tricted funds consists of grant5 recelved from Wiltshire Music Hub towards supportlng chlldren and young people of £19,098 whlch was utlllsed agalnst tuto fees and the balance of £240 of £750 recelved in the previous year from Salisbury City Council. There was no expenditure of the grant from Wiltshlre Muslc Hub towards development costs In the year. Total al Funds 2024 Other non-cash assets Computers - Laptops Computers and prlnter Instruments - Yamaha CP40 stage plani Laptop 2way Radlos Glockensplel 580 252 1,208 575 711 1,134 4,460 580 252 1,208 575 711 1,134 4,460 58D 252 1,208 575 711 1,134 4,460 2023 Instruments transferred from Wiltshire Muslc Servlce at no cost. Valued by FSAYM at 88,020 88,020 Llbrary of Sheet music transferred from Wlltshlre Music Servlce at no cost. Valued by FSAYM at 60,000 148,020 60,000 148 020 Signed or) behalf of members.. Mr P Rawnson, Chairma Adopted by the Members on.. 2 Zoi4 Page 5