1. - 2. 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