Tnjstees, Annual Report
Independent Examlner's Report
Re￿IptS 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