2025-07-31-accounts

1. • 1. Trustees. Annual Report IrKlependent Examlner's Report Re￿Ipts and Payments Account ststement of Assets and Llablllties

Adminlstratlve Xnft)rniatlon: 1129482 Old Nre Statlon EntetPElse Centre Salt Lane Sallsbury SPI IDU FSAYM limited Company reglstratlon No. 09668609 Elizabeth Balley Celine Le Boedec-Hughes (appointed 11 November 2024) Samantha Howell {arwJlnted 11 November 20241 Elizabeth Kenny (reslgned 4 November 2025) Phil Rawnson Andrew Townsend Isobel Wood Ellzabeth Bailey Rlchard Parsor Anna Smith Bankers Uoyds Bank Plc. Salisbury Santander, Salisbury Inve5tments'. Flagstone savings investment platforni Independent Examiner Mr l Fletcher of Fletcher & Pathers. Chartered Accountants, Sallsbury Page I

NU DED LEGAL STATUS The charlty is a society governed by a constitution that was adopted June 2008 and amended July 2015. The TNstee is FSAYM Llmlted whose dirertors are appolnted at a general meetSng. The dlrectors of FSAYM ￿rnited are the members of the Commlttee whith is responslble for the administratlon of the sooety. AIMS AND ORGANISATION The objectives of the charity are to promote, Improve, develop and maintsin In chlldren up to and Irscludlng the age of 19 years, education in, appredat5on. understanding and enjoyment of, and the maklng and perfomiing of music in all its asperts. This is to be achieved by the provislon of regular ensemble rehearsals and dasses leadlng to the presentadon of public concerts and recfjtals and by such other ways as the Society, through its commlttee shall from tlme to time detemlne. The Membe￿ of the Commlttee nomally meet at least four tlmes a year. New members of the Commlttee (who are also directors of FSAYM knmited) are recrulted on the recommendation of the existing Commlttee and are appointed by ￿lUtion of the Commlttee. In exerclsing thelr powers or duttes, the directors of FSAYM Llmlted have complled with theSr duty to have due regard to the guidance published by the Charlty Commission on public beneflt. RESERVES The ch?rlty's reserve policy Is to hold £63,000 (prevlously E62.000) to cover cortratt commitments and the possible loss of their grant Income. The policy Is revlewed annually. REVIEW OF PROGRESS AND ACHIEVEMErirs SAYM has enjoyed a busy year wlth a ftjll programme of ensemble sessions and concerts. Membershlp dropped slightly to 250 muslcians taking part In regular groups throtsghout the year. We staged our three showcase spring concerts In 5t TI￿rnaS. church to full and enthusiastlc audlences. SAYM contlnues to promote partiapatlon and indusion through a range of workshops and beglnner groups. AcfIviTLES AND AFFAIRS The annual accounts have been prepared on the "Recelpts and Payments" basis and comply wlth the requirernents of Sectlon 133 of the Chariknes Act 2011. The charity's total receipts for the year were £93,840. We received ￿Stricted grants of £20,607 from the Arts Council England via the area music hub. Membership subscriptlOll5 totalled £42,209, Glft Ald of £8.962 was received and Spring cOn￿rt tickets and sponsofshlp raise(1 £6,694. We also benefited from £7,891 of donation5 and mlscellaneous other income of £7.477. Totbl payments were £88.106. Tutors and management costs totslled £63,573, wlth E14,621 for hire of premlses. Other costs, indudlng office expenses, storage and insuran￿, totalled £9,912. The chartty's cash resources Increased by £5.734 during the year. The trustees consider the tharity's finanaal pO￿tiOn to be satisfartDry. The trustees confirni that the accounts comply wlth the requirements of the Charities Act 2011. Signed on behalf of member5: Mr P Rawnson, Chalm)an Adt)pted by the Members on: iy/ii /zotS Page 2

I report to the twstees on my examlnatlon of the accounts of The Friends gf Salisbury Area Young Musicians (the Trust) for the year ended 31 July 2025, whlch are set out on pages 4 to 5. Responsibilities and basls of report As the charity trustees of the Trust you are responslble for the preparatlon of the accounts in accordance with the requirements of the Charities Act 2011('the Act,). I report in respect of my examlnation of the Trust's accounts carried out under 5ectlon 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directlons given by the Charity Commlssion under sertion 145{5){b) of the Art. Independent examlnerfs statement I have completed my examlnauon. I conflmi that no material matters have come to my attention in connectlon with the examination giving me cause to believe that in any materlal respect,. (l) accountlng records were not kept In respect of the Trust as requlred by sectlon 130 of the Act; or (21 the accounts do not accord with those records; I have no concerns and have come aeross no other matter5 in connertion with the examination to which attention should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. Slgned.. Narne.. James Fletcher Relevant professlonal quallflcatlon or membership of professlonal body.. MA Dphil FCA DChA Address: Fletcher & Partners, Crown Chambers, Bridge Street, Salisbury SPI 2LZ Date: 2 December 2025 Page 3

OF SALZSB YMENTS RECEIPTS 5ubscriptlons Donatsons WIltshi￿ Music Hub Spring cOn￿rt Sncome Wcreatlve project Flrst Access Project Bank arid other Interest Gift aid Lnstrument loan PeruJsslon loan 42,209 7,891 42,209 7.891 20,607 6.694 213 43,030 5,930 19,098 5,983 618 745 2,197 9,083 iio 450 20.607 6,694 213 6,424 8.962 315 525 6.424 8.962 31S 525 Sub totsl 73,233 20.607 PAYMENTS Tutors Admlnlstrator Management En*rument repai Music purchased Instwment accessorles. etc Accountants Recr¥Jltment Cost of c0ft￿rt drinks Venues Storage Insurance Telephone Office expenses, Ind p05tsge Transport instruments First aid training Aévertising/promotionlbannws Basst)on Intmductory lessons First Access Projert WCreats"ve project Portfolio managernent fees Card reader fees 19,865 11,078 9,635 20.847 2,148 40,712 13,226 9,635 40,280 12,841 9,354 50 140 581 852 508 635 92 900 240 112 14.621 3,300 1,177 635 92 900 24D 112 14,621 3,300 1,177 482 1,620 181 14,981 3,231 1,840 553 1,581 163 451 743 36 665 1,200 206 26 90,282 1.620 181 104 1,030 35 1,030 35 Sub total Asset and Investment purdw%es Total pv4yments NET RECEIPTS / (PAYMENTS) Cash funds at 31 July 2024 Cash funds at 31 July 2025 65,111 22,995 88,106 8,122 (2,388) 5.734 13,0381 108,167 2,388 110,555 116 289 113.593 110 555 Page 4

Fu Gene 202 sh funds Santander Current Account Santander Savings Account agstone holding account Flagstone deposit account 13,0 23.5 13,009 23,572 9,659 17,397 139 83.360 ILS 79.706 110 555 Othor non-cash a8sets - all part of unrestrlcted furhds Computer equlpment Instruments Sundry equlpment Instruments transftrred from Wiltshire Muslc Servlce at no cost. Valued by FSAYM at Llbrary of sheet music transferred frnm Wlltshlre Music ServliE at rKJ Cost. Valued by FSAYM at 1407 2342 711 1407 2342 711 44.000 88,020 6,000 54,460 60,000 152,480 After reviewing the non-cash assets the Trustees feel that the value of the instnjments from Wiltshire Music Servlce and the Ilbrary of sheet music needed to be reduttd to a more realistic value. This valLfe was arrived at by the Trustees after taking into COn5iderdtion the market and the usage of the assets. Signed on behalf of membe￿. Mr P Rawnson, thairnian Adopted by the Members on: zoLs Page 5