Chority number: 1141138 LONDON YOUTH CONSERVATOIRE TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2024 Iniiiiiiiii *ODX4PUBF* COMPANIES H(NJSE MORACLE LIMITED CHARTERED CERTIFIED ACCOUNTAtrtrs & REGISTERED AUDITORS 960 CAPABILITY GREEN LUTON ENGLAND, LU13PE LONI)ON Yoimi CONSERVATOIRE CONTENTS Legal and Admlnlstratlve Information Trustees. Report Independent Examinorfs Report Statemeftt of Hnancial A¢tivltles Balance Sheet 10 Notes lo the Accounts 12 Pogo 2 of 19 LONDON YOUTH CONSERVATOIRE LEGAL AND ADMINISTrATIVE INFORMATION FOR THE PERIOD ENDED 31 JULY 2024 TRUSTEES Kolhleen Devitt Josephine Ovfouleur Modhuri Gulali Susonnah Hvtchon Foblenne Nacouzi Florente (hottrocchi CHARrrY NUMBER 1141158 COMPANY NUm￿R 06944077 REGISTERED OFFICE CIO Morocle 960 Copobility Green Lulon En9land. LU13PE INDEPENDEKf EXAMINER Morade Llmited Charte￿d Certitied Accwntonts & Registered Audltors 960 CapJbility Green iuton Engkind, Wl 3PE BANKERS HSBC High Slroet Kensington 94 Kenslngton HKJh Street London W8 4SJ Poge 3 of 19 LONDON YOUTH CONSERVATOIRE TRUSTEES. REPORT FOR THE PERIOD ENDED 51 JULY 2024 The trustees. are also dlrectors of the chority lor the Wr[￿e$ of the COM￿nIeS Act 2006, present their report wilh the linonciol stotemenls of the tharity for Ihe p8ri(xl ended 31 Juty 2024. Thè tntstees hove adopted the proviwons ol ACCOUn￿ng and Reporhng by Chorities.. Stotemert ol Recommended Proctice oppllcoble to thorities preporing their accounts in accordance with the charit￿ SORP {FRS 102) second edition, effecknve for rap￿n9 periods Wnning on or ofter l JarM￿ry 2019. OBJECTIVES AND AcnviTIES London Youth ConseMJtoire is a school of rn￿1¢ thot provide5 0 hollstSc opprooch to the lecchlry of music on a ftol-lor-prolit bosls. The min object ol the chority 1$ to odvonce, impfove. develop and maintoin education iri, and appreciotion of, the ort of mvsic in all its Ospects through the carrying on of a music school and any related oclivities the Injsteeg see liL The School's core curriculum indudes instfumenl lesson$. ensembles. arrfl mvsicionship ckjsses. In addition, the School offers muttipk publlc perf0rrrm7￿e opportunitie& PUBLIC BENEFIT London Yovth Consorvatoiro is a school Ihot offets music edltotion lo 01109es and obFlilies. The school Is noTrselecti¥e. This opproath diffets from other music schools such as junlor departments of hrgher educotion muslc colleges. wthich are onty a￿lilable for the very talented and gifted students. The school seeks to keep lees a5 low as possible, in line with its chOr￿tobIe objective to widen occess to mvsic educotlon. Educalloffiul b•nofits Students Iwm tronsferable sktll$ os teamwork and sellrtibtlion. Ihey leom to work Ir￿ependantIY ond together towards a comrnon objective - o pertLThnts. m￿1 de￿loP negollotlon sknlls omong5t Iheir pews ond in odditlon develop leadership skills. Stvdents participote in concerts during the school )eor *there tly shore stO9e wilh professional musicions. Porticlpotion in these concerts rxovides huge Confiden￿ and selFesteem. Some of these concert$ ore olso part of our outreach programme. Stvdenl$ are P￿r￿)red ond enccrtjroged to takn ABRSM grode wims or other qwlif5cclion$ where oppropfiote. Impad Progffjmm• As part of its ¢l￿ntable mlssion. London Yauth Con5ervotdre runs an Impad ￿graMMe whlch alm$ to help kjmllles wth the cost of muslc edutolion ond to toke Music out to the community ond locol schools. To Ilnonce the odivilies of its Impoct Progromme, the school ffKilntorn$ ￿￿191￿ted reserves (the Tmpo¢X Fund") which cover the costs ol our twrsary progromme as well os the costs ol our rthrtreach odlvities. London Y¢)Uth Conser¥otolre seeks to offer ed￿th1On to pjplls irrespectfva ol their flnanciol situation. As such the school funs o bU￿ry progromme, which Offe￿ finoncKJl wpport rangiry from 25% 10 95% 01 the lees. Bursary oppllcolions ore rvlifftd by the tsjrsory committ98 ond the decislon to oward support is bosed on the linonciol means of the h￿hold and the level of commitment ond behovK*ur of the student. The number of bursaries ollocoted depends on the size ol the Impoct Fund and the income from lundralsing events. When bvrsary committee decides to sijpport o studenl it oims to do $0 for os long as they need. Poge 4 of 19 LONDON YOUTH CONSERVATOIRE Most of the bursory slvdènts are supFwJrted v4er se¥erol oi xhool. dgpendin9 on their progress, commllmen( and linoncial $itix)tion. London Y¢)uth COn￿r¥clo1Te wns free educatiorKJl inTrtiatNes in locol sclK>ol& For example. we fun Inslrumant vffjrkshops ond per10m￿t￿e5 in three p)rtnefship wimory schools In the borough. Over 600 students were able lo attend o workshop and ￿nj￿ed live music. We plan lo exlend thi$ progromme lo olher Sch￿[S In the Very near futvre. London Youlh Conser¥otoire seeks lo enhonce the qualty of lile lor people 7*tho may not othepNise have the opportunty to ottend Ilve music event> Thi$ yeor. for example. wg organised concerts which were delIve￿d In o prlmary school os well os several commvnty ¥enues. We olso ran communlty concerts largeted ot o younger aud￿nCe. ACHIEVEMENT AND PERFORMANCE In the school yeor 202&24, London Youth Corw¥YJknre enrolled 565 stwlents. The number ol student$ Incre05ed sognilicanlly compared to prevlous year. London Youth Conserrfalolre orgonised o successful lundrolsin9 evont. We also ron o compoign osklng lomilies to make o weekty donotion to Impod Fvnd. DeFK>sits wets dor￿￿•d. ond some unrestricted donotions from privale donors wer• recthd. Th1$ year, our lundrai8lng oCti￿lIeS for the School rolsed sthicient fvnds lo wpport our Progromm?. This enobled us lo allt)cate bursaries to students ￿those wrents would othep*ise not be 0￿￿ to afford a muslcol educoti¢M lor their children ond to bring music into the community a￿1 bcal sclwb. FINANCIAL REVIEW In accordance with the Flnanclal ReFQrtirwJ Standord owAknble in the UK and Republic of Irelond (FRS 102) (effectlve for rfr1￿￿ng periods beginning on or ¢Jfter l jonuary 2019) and with relevant companies or chorities legislotion and regulations, the Statement ol Ftnonaol Adrvlties on pJ9e 9 sFM)ws London Youth Conseryololre's income from oll source5 arKI how this was expende¢ ond the split of oclivty befv￿n restrlcted and unrestricled fund The Chor5tls incornè wos £603.135 fof the ondgd 51 Juty 2024 compored to S517,174 lor the yeor emled 31 July 2023. The total expenditure amounted to £%>6.582 for the period ended 31 July 2024 omF￿red to £492,416 for the year ended 31 July 2023. The lund bolon￿ torrTred forward at 31 Juty 2024 is ￿?7.?50 comFKired to 191.197 In the year ended 51 Juty 2023. The fvll Statement of Rnonoal Acl1vil￿ is set tyjl on po9e 9 of those occount& R•*r¥es Pollcy London Youth Consef¥Qtoirg is commhted to using Its reswrces in of its chorilable objedives. In order to ringfence funds allocoled lo butsories, London YoLrth Conservotoire tfonsfers its furdroislng and donotion compoigns into de$￿jn hos o low likellh¢)od and corTi8S the ri$k rating. Amon951 the risks identffied ore: Althovgh London Youth Consemjtolre serves o deor and growing need. it is nonethelgss o drscretiorlary Sorvicg ond the economic environment may h(Jve fiegotr￿ impocts on ¢xr oclT¥ity. London Youth Conseryaknre is o local schoDI serving a locol commvnTty. As o resu￿ geo9rophicol location Is 0114mportant. Should the school temporarity Mt be oble to occess the premises at Lody Morgoret Sth(x>l. il ￿VId need lo be preFJared to offer luillon in different premises or over plotlorms suth os Zoom. London Youth Conservotoire latss the risk ol hovin9 to concel lessons os o result of odwrse weoth8r or other lo￿ moleure. London Youth ConseNotolre has grown $19nlllcontly over the past few yeor4 ond further growth needs to be mono9ed and planned. The core s￿PPort teom hos been slrenglhened. and other potential costs ossocialed with different grov•lh options tyjdgeted lor. London YrJJth Conservatoire continues to monitor operotlng eynses ossociot8d with gro¥*lh to enm reseNes are S￿li￿￿nt For 202&24. the B(KJrd of Trustees Is conti&￿ the Ivftl of general rese￿e5 is sulffclenl to cover the risks Identi1￿. InYo•tmnt polky gnd I￿anc0 The Articles of Associotion provlde thal the cryonisalion invests m¢xw not immedlalely regvlred for Its own pvlposes im or upon $vch Investme￿ secvritles or propety. 0$ may l)e thought fft. At the present time the IrL￿ee$, polity is to motntoin oll gjch M￿lIeS on deprtyts eorning o market rate ol interegL Flnanciol ¢xAlook and plang In the school yeor 202425, the school has 9rown to approxtmatety 4fA) St￿￿ents ond monogemenl wlll re¥Ew the ¢p￿rnVffl size ond orgoni>)lionol slnKturo for the stgx>Jl goln9 10Th￿rd this year. London Yothh Conser￿to1re will continue to (￿aniSe Commuth Fcmily concwts. and school events. The Board contlnves to vK)rk on Ihe strcrtegic direction of the sdK)ol. tev*w ils mlssi¢)n and discuss future plons lor development. STRUCTURE, GOVERNANCE AND MANAGEMENT Constlluilon and Orgafftl￿ikln0I •ln•ct London Youlh Conservotoire is o compony limited by guorantee and wos incorporoled on 25 June 2009. London Youlh Conservoloire was established by o Memorondum and Articles ol Aswciotion, which describes the objects and of the charitable compony,. it is governed under ￿ Artides of Associollon. Poge 6 of 19 LONDON YOUTH CONSERVATOIRE Under those ArtSde* the Tnjstees are apwinted ot the Annual Generol Meeting. The MernbeY3 IKTrfe guaronteed to contrityAe o moxlmum of £1 each lft the evert of the comptsiy belry wound up. All Mefflbe￿ of the TrL¢tee Board 95¥e thelr tlme T￿luntarflY arKI recehe no benellts from the chority. Any expenses reclalmed Irom the chority ore set (xrt in the notes to the accovnl& The Boord of Trustrfoirectors goNYrns London Youth Cons6Ththire a￿1 meets ot least 4 times a year to discuss and re¥i6W Strat8gy. plannirnJ development (md finonclol mattets. Do*ltrdoy ￿￿n0gement ol the orgonlsotlon Is delegated to the Heod of sc￿1. Deputy Heod of School. Adminislrallon Manager and Flnoncg Officer. and thg to(KheTS (teachets and Financ6 Officer Under Servbce Agreemenl). Recnjllmonl ond •PWnthiwrt ol n•w Ir The appointment ond removol ol Irvstees is decided by o mo1￿lty of w)tes. At e4ery AnnLsoI Generol Meeting, longest servlng on&third of the trustees is required lo rèlire from office but thes8 trusteeg 0 eliglbte lor t￿eCtiOn. Rlgk manageffl•rt The trustees o duty to identlty and revlew the risks to tAthich the charfty is 8xpwd ond to ensure opproprlale controls are in ploce to prryKle teasonobh aswranc• ogoiTrst fra￿9 ond error. STATEMENf OF TRUSTES. RESPONSIBILMES The tFUStees ore olso diredots ol London Yt)uth Consep40tolre. for the pury)ose$ of company klw) are responsible for preparin9 the Twstees. Annuol Report ond the finonciol stotements In accordan￿ with applicabbe low end United Ki￿d0M AccountifKJ Stondords lun11￿* Kingdom Genwolly kcgpted AccounlSng Proc*¢•l ComF)any low requires the trustegs to prepare financial stotemenl$ for e(Jth finanool >wr. which give o true ond fair wew of the state of affairs of Ihe charitoble compony ond of the incomirg resourcès ond opplicotlon of resovrces. indudlng Ihe income and expenditure. of the thoritable compony for Ihot perlod. In prgporing these fir￿ncIal statemeftts, the tnthe5 ore required tr. Select suttable accovnllng pobicies and then oppty them consistently, ObseNe the methods and principles in the charbt￿ SORP.. Make jwtgments and estiEMtes thcrt are reosorKJble ond prlxlert. State whethgr opplicoblft UK Accounlln9 Stal￿OnI$ hove been tollowed. subject to any moterial departures disdosed and explained in the Ilnonciol stalemerts.. ond Prepare the linonciol statements on the gdng concem basis unless it is tTh)pproprf¢)te to presume thot the choritable compory wrll continve In ixBlness. The trustegs are responsible kn keepirKJ proper acc￿lIng recryds thot dlxlosg wilh reasonoble occurocy ot ony time the IlnoncioS p)sitlon ol the thoritable company and enoble them lo ensure that tha Ilnanciol stolements c￿pty wtth the Componlgs Ad 2LNi& They are also responslble lor sofeguardlng the assets of the charlloble compony ond her￿e for laklng reasonobte steps for the provention and deteclEon of fro￿1 ond other irregulorrf¢l APPROVAL Thi$ report was Oppr(y￿1 by the Boord ol Tr￿tse$ on 31P Januory 2025 and ' ned On Its behoif by: Fabienne Nacouzl - Trustee Poge 7 0119 LONDON YOUTH CONSERVATOIRE INDEPENDENT EXAMINERS REKIRT TO THE MEMBERS OF IONDON Yoimi CONSERVATOIRE I rerM)rt on the accounts of the thoritable compary for the pehod ended 31 July 2024. vthlch ore set out on pages 9 to 19. The trustees (who ore al￿ the dlrectofs of the compory lor the pjrposes ol compony law) afe responslble for the weporotlon of the occounts. The trvslees congEder Ihot on is nol raqulrgd lor this perlod under section 144(21 of the Chorilies Act 2011 (the 2011 Ad) ond thot on independent exominotlon needed. The chofiV$ gro￿ incorne exceeded s250.rm and l om qvolilied to undertake the examination * being 0 quallfled member of Associotion of Chartered certrfsed Accountant Hoving solisfied myself that the chorty is nol subject to oudTt undef compory law and 15 eligible for Independgnt examinotlon, it is my resw>nsibilty to: Examine the accounts under sedion 145 of the 2011 Ad; To follow the procedures ioid down in the generol Directlorts gl¥eTr by the Chorfty Commlssion under section 145(5)(b) of tho 2011 Act: ond To state whether porticular rnottws have come to ry attenlion. My exomlnolion wos corried out in IKcordance with the general DIrectior￿ given by the Chority Commission. An exominotlon incI￿￿e$ a revivw of the accountiry records kept by the chority and a comparison of the accounts presented with those re￿$. It olso IIKt￿leS consideration ol ony unuguol items or disdosvres In the occounts and seeking explanations Irom you 0$ trLBlees concerning any such mottefs. The procedures uftdertoken do not provide all ihe widence thot wovkl be required in on audit ond consequently no opinion is given 0$ to whether the occounts P￿sent a Irue ond loir ond Ihe report 1$ limited to those motteTS set out in the stotement bel¢Yw. In conneclion with ry exominotw ￿ m(ther Ixjs come to ry ottenlTOn: (1> whlth gw rne reosonable cowe lo beliwe thot in ony moteriol respect the reqviremenl to keep occovnting records in occordonce wlth section 386 of the Componi85 Ad 2LX16: ond to prepare aCc￿lnts which occord wtth the occc4Jnting re￿s. compty with the occounliTrJ requirernents of seclion 396 of the CompJnies Acl 2LK)6 ond wlth the methods and wlndples ol the Stotement of Recommended Prodlctr. Accovntirg ond Rewrting by Charitiey have not boen metr. or (2) to whith. in my opinion, attention sh¢)uld be accounts lo be reoched. rawn in order to er￿ble o proper undefStarKling of Ihe Morlai Korgbo, FCCA For and on beholf of Morocle Chortered Certified Accountonts & Registered A￿￿[10 900 CoF)obiltty Green Lulon England, LU13PE t*Jtv. Janl￿ry 2025 Poge 8 of 19 LONDON YOUTH CONSERVATOIRE STAIEMENf OF FINANCIAL AcnvmES FOR THE PERIOD ENDED 51 JULY 2024 31 July 2024 TOTAL 31 Juty 2023 TOTAL Funds INCO￿ AND ENDOWMENT FROM: Donolions ond Eegocies Donotlon Others Iroding aclivities ndraising Income from Investment Bank interesl received Income from choriloble oclThitses Teaching income Admlnislratlon fee Events Other Income 8.789 8,789 6.341 9.656 10.824 10.824 3,605 554.018 554.018 480.154 16.359 4,243 16.559 4,243 14.414 3,004 TOTAL INCOME AND ENDOWMENrs +503.155 603.155 517.174 EXPENDiniRE ON: Expendlture on Roising funds Expenditure on charitable act￿11￿$ 2.511 564.071 2J11 564,071 5,200 487,267 TOTAL EXPENDtFURE 566,382 566.753 492,417 NEF RESULT BEFORE TRANSFERS Tronsfers 36, 753 36, 755 24,707 NET MOVEMENT IN FUNDS FOR THE PERIOD 36.753 36.753 24.707 Tolal funds brought lorward 191.197 191.197 166.490 TOTAL FUNDS CARRIED FORWARD AT 31 IULY 2024 227,950 227,950 191,197 The Stotement ol financiol Activittes includes oll goins and 105ses recognisad in the pgritid. The note$ on pages 12 to 19 form port of the finonciol statemen Page 9 of 19 LONDON YOUTH CONSERVATOIRE BALANCE SHEEr AS AT 51 JULY 2024 Not8s 31 J￿Y 2024 31 Juty 2023 FIXED ASSErs Ton9ible fix￿ ossets 22.146 21,496 CURRENT ASSErs Debtors Cash ot bank and in hortd 16.367 453,841 470.208 16.497 384,917 401.414 CREDITORS: Amounts folliry dve wilhin one period (264.406) (231,713) CURRENT ASSETS 205.802 169.701 ASSETS 227.950 191.197 FUNDS Unrestricted lund$ General fund 208.926 175,000 Designated Ivnd8 19.024 18.197 227.950 191,197 Poge 10 of 19 LONDON YOUTh CONSERVATOIRE BALANCE SHEET (CONTINUED) AS AT 31 JULY 2024 The company is entltled to exerylion from a￿1{1 under Section 477 Lrf the Comwnies Act 2006 for the period ended 31 2024. The members hove not required the compony to obtain on 0￿￿11 of its financial stolements for the period ended 31 July 2024 in occordonce with Sertion 476 01 the Companies Act 2006. The directors acknowledge their responsibtrlitles for: en$urlng that the company keeps accounting records tomply with Sectths 586 and 387 ot the Componies Act 2006: ond b) preporlng lirnnclol slatements which gNe o true ond folr vigw ol the stole ot affaits of the company os al the end of each financiol period and ot Its profit or loss tor eoch finonciol perkKI in accordan￿ with the reqvirgments ol Sections 394 and 395 and whith otheTV*ryse compty wrth the requirements of the Companies Act 2006 relaling lo finonciol stalements. $0 lor os opplrcable to the company. The linanciol statements have been prepored in occordance with opplicoble United Kingdom accovnting stondoids. indudlng section 1A knll Entities, of the Financial Reporting StorKJord$ applicoble in the UK and Republic of Ireland {FRS 102) (eftective kjnuory 2015). ond the Cornpanies Act 21x16. The financial stotements Were oppr4m￿nts Income is recognlsed WI￿1 the IKJS Fntill•mwrt to thg any pwlrymanco cMdllivts ottoched to the Itemlsl of intt*me hove b8•n mei it Is pr¢boble thol ￿ incOff￿ will be received. and the amount con be measured rellobly. S¢hool aro Involc•d a temi in athnce. To enwre compliance *iih tt* (￿ru018 CC￿ ￿ moy be necessary to defer income inlo Ihe followÉThJ pericd. Incom• r•cei¥ed in ad¥once for ach(x)l (ees Is deter￿ Lml11 the ullerlo for incrym re¢ognS1ion ar• mot i%)nollon$ Income from donotkTh Is rocogfiis￿ ol tt* tlm ol ￿d9&. Expendilur? All 0Xp￿dIt￿le Is accounted for on an occnjois bosk aThl h05 been Induded under expew catogories that aggregote ¢11 costs lty ollocation to 0¢￿￿tle& Expgndlture Is recognlsed On￿ Ihere is o legol or conshth obligotion to moke o poyment lo a thlrd poty. It19 probable Ihot settlement will ￿ required, ond the amtyJnt of Ihe be measured r•liobly. Expendlture Is clas￿lIed vrKler the lollwng OCtl￿ty heodi Costs of raislng lunds compri80 th? c¢¥ts ol ¢¢mmwciol tr24, LorKlon Youlh CCmS￿tilre lulmime eq￿r￿lent 2.12 employe Tolol salaries £100,714 Totol Employers NatSorKJI IT￿rar￿9 Contributions ll￿65 Total Employ￿5 Pensions £2,414 No empl(Y￿S recwved empl￿￿ bgnefrts (0Xd￿Ilng employer Pensi￿ costs) of m(Yft thon £00,￿0. TANGIBiE AXW ASSETS Furnllure & ttings Total COST Al 31 Jvly 2023 Addltlons 5.503 4.456 9.959 31.969 2.476 34.445 37,472 6.932 At 31 July 2024 DEPRECIATION At 51 Juty 2023 Charge for perlod At 31 July 2024 4.151 2,242 6.593 11.825 15.596 6,280 21,876 15.865 NEf BOOK VALUE At 31 July 2024 3.566 18.582 22.148 At 31 Juty 2023 1.352 20.144 21.496 Poge 15 of 19 LONDON YOUTh CONSERVATOIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024 DEBTORS 2024 2023 Debto Prepayments ACcrl￿d income Inventory 8,280 3,554 3,908 625 2.986 2.754 767 16,367 16.497 CREDITORS - AMOUNTS FAWNG DUE WmllN ONE YEAR 2024 2023 Oeposits Delgrr8d revenue. See beltr* Other credilors 37.485 214,597 12,524 32.750 193.766 5.197 264.406 231.713 London Youlh ConseNatolre requlres oll families to pay In ¢jd¥On￿ the first krni of fees for the lollowi school yeor in order to secure their pl0￿. The deferred rertiue 1$ composed of involces isswl in June/July 2024 lor the fees covering Ihe 181 term 2024-25 startin9 in Swember 2024. MOVEMEHf IN RINDS TronsferyJ 8rought foN4ard Corried Forward funds UnrestricAed lunds General lund$ Deslgnoted funds 173,OtKI 18,197 003,135 (s66￿82) (827) 827 208,926 19.024 Total Funds 191.197 *503.135 (566,382) 227,950 Transfer5 BrowJht Carried Forword funds Unrestricted funds General fund$ Designoted funds 144,IXM) 22.490 517.174 (4YL.467) 4.293 (4.295) 173,000 18,197 Totol FLYKIS 166.490 517,174 {4V2.46n 191.197 Poge 16 of 19 LONDON YOUTH CONSERVATOIRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 JULY 2024 GenerolFvnds Funds avoiloble sufficwnt to pennit th8 chaiity k> ctintiTh* in operotion in the short temi. The designated frjnds ore dedtcated to our charitab￿ mi$51on: I￿rganeS ond outreoth aclivities. Thg nét profit from fundralslng camporgn incI￿￿1n9 donotlons is tronsfer￿d to DeS19n￿ed Funds. The funds are then used for the butsary programme ond thg oulreoth ptogrommft. Generol Designoled rKts fund$ 2023 2023 Totol fvnds 2023 Tolol funds 2025 Total assets Totol liabilltles 422.910 (231.7151 19.024 491.184 (263.254) 422,910 {251.715) 191,197 19.024 227.950 191,197 T￿01 funds 2025 Total Ivnds 2022 fvnds 2023 funds 2023 Tolol ossets Total liobilitSes 404,713 {231.713) 18.197 422.910 (231.231) 358,040 {191,550) 173,0 18.197 191.197 166,490 Poge 170119 LONDON YOUTH CONSERVATOIRE 202>24 2022-25 Co$h lows from op•rgling adiviti•¥ Tab￿ a) 75.857 68.401 Cosh flowg Ivom inv•¥ling odl¥llle&' Dividend5. inleresl ond rents from investments Proceeds Irom the sole of propety. plont and equipment Purchose ol propety, plant ond equipment Proceeds from sole ot investments (6.955) (13.118) Purchose ol investments (6,935) (13.118) Cash flow8 from flnandng acllvlllov. Rewyment$ ol borrowing Cosh inflows from new borrowin9 Receipt ol endowment 55.283 Cosh and equivalehts at th• b•ginniffj of Ihe i•pgrtiiwJ perSod Change In cath and oqul¥ol•nts du• to eX￿￿n9• ral• Table b} 384.918 329.635 Cash ond costs equfvolents ot the end mpNfrn9perfad Toble b) 455￿1 584.918 Toble a) ReConciliotr￿ of net to F*t cosh Ilty* from operaling ocb 2tr2>24 2￿ll.25 SOFAJ 56.753 24.707 Adjustments for Depr￿i0110n chor9es (Gainsylosses on investments Dividends, interest ond rents from inNestmerrts Loss/lpiolitl on the sole ol fixed assets (Increoseydecrease in sttxks (Increoseydecreaso in debtors In¢reose/ldecieose) in creditors 6.280 4.119 141 -766 25.921 6.761 39.677 75.857 68.401 Page 18of 19 LONDON YOUTH CONSERVATOIRE Toble bl Anoty*$ ol cosh ond c¢$h eqUi￿lents Prior y•ar Cosh In hond 453.841 384.918 Noti￿ deposits (less than 3 months) c￿e[draft focility repayoble on demond Total cash and cash •qui¥al•nts 455.841 584.918 Tho charty is not lioble lo lox on its thaTitoble gran￿ donotsons or lee income eomed in the covrse of hs I￿￿1110￿￿e octlwlies. so long 0$ the income is opplled lor the purFxxes of its Charitab￿ alms. 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