Company registration number: 08924895 Charity registration number: 1157683 Nottingham Youth Orchestra Limited (A company limited by guarantee) Annual Report and Financial Statements for the Year End¢d 31 August 2025 RWB CA Limited Northgate House North Gate New Basford Nottingham NG7 7BQ Docurrwrt Ret. QBAEN4JX8UWHE4iezL3 Pap 10124
Nottingham Youth Orchestra Llmlted Contents Reference and Administrative Details Trustees, Report 2to5 ststement of Tntees, Responsibilities Independent Examinees Report Statement of Financial Activities 8t09 Balance Sheet io Notes tr) the Financial Statements llto22 Pap2of24
Nottlngham Youth Orchestra Limlted Reference and Administrative Details Charlty Reglstratlon Number 1157683 Company R¢EiStr2tion Number 08924895 The Charity is in¢orporated in England and Wales. Northgate House North Gate New Basford Nottingbam NG7 7BQ RIVB CA Limited Nortbgate House North Gate New Basford Nottingham NG7 7BQ Reglstered Offl¢e Independent Examiner Page I Dment W.. a5AEX6UE4tBzL3 Pyaof24
Nottingham Youth Orchestra Limited Trustees, Report The trustees. who are directors for the purposes of company law, present the annual report together with the fmancial statements of the charitsble company for th¢ year ended 31 August 2025. Objectives and aCtities Objects and auns The Company is a registered charity. governed by its Articles of Association. The objects of the charity ar¢ the advancen]ent of education and of the arts and in particular the art and science of music in all its aspects by the maintenance and support and development of youth orchestras and other musi ensembles for the young people of Nottinghamshire and its environs 8nd the fostering of publir knowledge and appreciation of music by public perforn]ance. Objeclive4 strq¢egi¢s and Activilies The orchestra runs four music groups.. there are three orchestras: 8 training orchestra for members with a standard above grade 3, an interniediate orchestra for members who have reached a standard around ade 5 and above. and a senior orchestra for players from grad¢ 6 to grade 8+. TILere is also a jazz group operating under the twne of Nottingham Youth Jazz Orchestra (NYJO). All groups rehearse towards the presentation of public perfOrnneeS. The concerts for the three orchestra8 and NYJO, perfonned in the Albert Hall, Nottinghw were all of a high standard and well supported by parents and families. We bave Continued to maintain membership approximately 200 through an active recruitment ¢ampaign. In addition to relar weekly rehearsals, the organisation also workshop training days and other offsite activities, when groups of instrumentalists from 811 three orchestras are given coaching by nationally recognised tors with a view to eth&ncing the participants, appreciation and understanding of the skill of orchestral playing. A rehearsal and team-building day was also held at Walesby Forest Activity Centre. All musical activities are overseen by an experienced group of rnusic tutors and conductors, without whose enthusiasm and conltment the Company would not be able to do all it does, and their contribution is gre&tly valued. We have a small budget for professional development which tutors are able to access. Public benefil The orchestra's objects, which the trustees believe embrace any public benefit requirement, are shown above. In addition, the orchestra has developed a system of bursaries to ensure that musicians, whatevu their background OT financial means, can join in our activities. The bursaries means-tested, and this year 32 Children (from 23 familie5) have benefitted from the scheme. This is an increas¢ from the previous year (25 children from 15 famiEies). For concerts, tickets are made available at a greatly-reduced price specifically aimed at children attending schools in the more deprived areas of the local Community. The trustees confirm that they bave complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Page 2 Doum•nt . QBAENJJX8UWHEth82L3 Pago 4 of24
Nottingham Youth Orchestra Limited Trustees, Report The trustees ¢ot)firni that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard lo the public benefit guidance published by the Charity Commission for England and Wales. Financial revlew Total income for the year wa5 £186,104 and total expenditure was £2 I8,204 resulting in an overall operating deficit of £32.100- gains in the value of investsnents of £8,856 redu¢¢d this deficit to £23,244. The board of tsust¢es is mindful that NYO catlnot incur a signifiCt deficit ¢aGh year. Looking ahead to the financial year ending 30th August 2026, the board has rpxruited an external fundraising consultant. Excluding an Arts Council England grant application which is currently in the course of preparation. and which will focus on projects surrounding NYO'S 40th anniversary year in 2026, the consultant has already submitted successful ullrestricted grant applications totalling £2 I,000. Against this background, the board is confident that Nottingham Youth Orchestra remai on a sound financial footing. Policy on reserves It is the policy of the trustees to accumulate and nuintain unrestricted funds, which the free reserves of the clwity. to a level which will equate to at least four months, expenditure. The overall Net Asset Value of the charity as at 3 1st August 2025 was £212,114 all of Nvbich are unrestricted funds. Trustees and officers The trustees and officers serving during the year aud sin¢e the year end were a5 follows: Truses'. Miss E A Bratton MrTNBooth Dr M Chadwick MrFJBtBrocq MrJW ALowe Mr S G Mason Mrs W M¢Donald Mr J M Saville Mrs E M Stevens Mr J E Stork Page 3 Document R•t. QBAENJJx6USE•BZL3 Pgg• 6of24
Nottlngham Youth Orchestra Limited Trustees, Report Structurei governpdnce 2nd manydgement Recruitinent and appointment oftruslees The Directors whose names are Shown on page I served from and to the dates shown on that page. Whilst no fornjal training has been Undertake all trteeS appointed have a wide and practical knowledge of the workings of musical groups and orchestrds. Amongst the Directors are those with legal and cOUntancY background5 and previous charitable experience. The Company aims to have a wide range of skills amongst the Directors representation from both parents and th¢ mwical staff, both wups being key stakehold¢rs in the organisation. Or8anuationAI strucre The Company is governed by a Board Consisting of the Directors listed on page l. The Board has overall responsibility foT governance of the Companyj approves the annual budget, and oversees the finances, approves policies, appoints key personnel, and develops the strategic dirertion of the Company. An operations committee. comprising the Orchestra Manager (who chairs this committee), Administrators. a tOr representative and parent and other volunteers, meets regularly to oversee the day-to-day operations of the Company. The Company 15 a5SiSted by an Artistic Advisor. James Lowe, whose experience, and wise Counsel is greatly appreciated. The orchestra values very much the time devoted to its administrdtion and smooth running by volunteers. These are principally parents helping at concerts al other fimctions. ln addition to the trustees, all other members of the coll)mitte¢ ve freely of their time. NYO employs a paid adtninistratOT due to the very considerable amount of work generated in rum)ing an organisation involving tbe delivery of our activities to more than 200 children across four groups. Paula Watt widertakes this role, and she does a superb job in handling myriad queries, keeping our records up to date. ommwii¢ating with all involved and generdlly keeping the administration in order. We also benefit from the s¢rvi¢es of a self-employed &ssi5tant administrator, Catharine Lest¢r (who is also one of our orchestra tutors), to support Paula. Her role focuses on recruitment, orchestra &uditions, and organisation of events such as residentials and socials. We owe Paula and Catlwine a huge debt of gratitude for all their hard work on our beh&lf. The Board provides att annual remuneration to its Treasurer, Laurence Cunnington ACIB. Looking ahead to the financial year ending 3 1st August 2026, following the retirement of Margaret Chadwick - who has given over twenty-five years, superb service as our volunteer Orchestra Manager - the board has recruited a paid General Manager, Karen walle. who began her employinent in November 2025. Margaret continues to bring her wealth of expertise to the board as a tntee. Rlsk management The trustees have considered the major operational risks faced by the charity and believe that they have imposed sufficient controls to reduce these to a mlnimum. Page 4 Pa60124
Nottingham Youth Orchestra Limlted Trustees, Report The annual report was approved by the tnjstees of the Charity on 4 March 2026 and signed on its behalf by: fa/Ak Le 6ttrCf MrFJBLeBrocq Trtee Pag¢ 5 Dowm•nt Refr. QBAENiJX8UN4J5HE48L3 Py7of24
Nottingham Youth Orchestra Limited Statement of Trustees, Responsibilities The 1Thstees (who are also the directors of Nottingharn Youth Orchestra Limited for tbe purposes of company law) are responsible for preparing the trustees, report and the financial stat¢ments in accordan¢¢ with applicable law and United Kingdom Accounting Standards (Unitrd Kingdom Generdlly Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland" Company law requires the trustees to prepare financial ststements for each financial year. Under company law the Intte8 must Thot approve the financial statements unless they are satisfied that they give a true and fair view of the stste of affairs of the clwitsble company and of tb¢ incoming resources and applicatioo of resources, including its income and expenditure. of the charitable company for that period. In preparing these financial statements. the trSteeS are required to.. select suitable accounting policies and apply them consistently. observe the methods and principles in the Charities SORP. judgements and estimates that are reasonable and prudent. state whether applicable accounting standards, comprising FRS 102 have been followe subject to any material d¢partt]res disclosed and explained in the financial statements. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the clwitable company will continue in business. The tne¢s responsible for keeping Proper accounting records that Can disclose with reasonable accuracy at any time the fllwicial posktion of the charitable company and enable thetn to ensure that the financial slatements comply with the compp1¢S Act 2006. They are also responsible for saf¢guarding the assets of the ckwitsble company and hence for taknng reasonable steps for the prevention and dete¢tion of fraud and other irregularities. The ttee5 are responsible for the maintenance and integrity of the CoOrate and financial infomwtion included on the charitable companls website. Legislation governing the preparation and dissemination of fllwicial statements may differ from legislation in other jurisdictions. Approved by the tntstees of the Clwity on 4 March 2026 and signed on its behalf by.. MrFJBLeBrocq Trnstee Page 6 Pffje8of24
Nottingham Youth Orchestra Lfimited Independent Examiner's Report to the trustees of Nottingham Youth Orchestra Limited ('the Company,) I report to the Charity trust¢¢s on my examination of the Counts of the Company for the year ended 31 August 2025. Responsibilities and basls of report As the Charity's tSte¢S of the Company (and a150 its directors for the purpose8 of company law) you are responsible for the pparation of the accounts in ac¢ordan¢e with the requirements of the Companies Act 2006 ('the 2006 Act.). Having salisfied myself that the accounts of the Company are not requiT¢d lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your Charity's accounts as carried out under section 145 of the Charities Ath 2011 ('the 2011 Ath,). In carrying out my examination I have followed the Directions given by the Charity Con]mission under section 145(5)(b) of the 2011 Act. Independent eiaminer s statement I have completed my exarninatioTh. l confirni that DO matt¢rs have come to my attention in connection with the examination giving me causc to believe.. accounting records were not kepi in respect of Nottingham Youth Orchestra Limifrd as required by section 386 of the 2006 Act. or 2. the accounts do not accord with those records. or 3. the accounts do not comply with the arcoullting requirements of section 396 of the 2006 Act other than any requirement that th¢ accounts give a ,tn and fair view which is nol a tDatt¢r ¢onsidered as part of an independent examination. or 4. the accounts have not been prepared in a¢¢ordance with the methods and principles of the Statcm¢nt of Recommended Practice for accounting and reporting by Gharities [applicabl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no ¢oncerns and have Come across no other matters in connection with the examination tr) wbich attention should be drawn in this report in order to enable a Proper understanding of the accounts to be reached. Nicholas Bonnello FCA Northgate House North Gate New Basford Nottingham NG7 7BQ 4 March 2026 Page 7 Dowrnent Ret. QBAENiJX6UTrWSHE418413 Pygd24
Nottingham Youth Orchestra Llmited Statement of Financial Activities for the Year Ended 31 August 2025 ncluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2025 Note Income and Endowments from: Donations and lega¢i¢s Charithble activities Investment income 1,709 178.912 5,483 1,709 178.912 5,483 Total income 186,104 186,104 Eipenditure OD: Raising funds Clwitable activities (1,899) 216,305 (1.899) (216,305 Total expenditure Gainsnosses on investment assets (218,204) 8,856 (218,204) 8,856 Net expenditure Net movement in fimds (23,244 (23,244) (23,244) (23,244) Reconclllatlon of funds Total funds brought forward 235,358 235.358 Total funds caTTied forward 20 212,114 212.114 The notes on pages l I to 22 forni an integral part of these firwicial ststements. Page 8 Page 10 of 24
Nottingham Youth Orchestra Llmlted Statement of Financial Activitles for the Year Ended 31 August 2025 (Including Illcome and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrlrted fuDds Tot&R 2024 Note Income and Endowments from: Donations and Icgacies Charitsble activities Investment income 5,881 130,286 5,310 5.881 130.286 5,310 Totsl income 141.477 141.477 Expenditure oll: Raising funds Charitable activities (1,729) 138,764 (1,729) (138.764) Total expenditure Gainsnosscs on investment as5¢ts (140,493) 18,129 (140.493) 18,129 Net income 19,113 19,113 Net movement in funds 19.113 19,113 R¢¢on¢lllatlon of funds Total fidS brought fonvard 216,245 216.245 Totsl fidS caTried foTward 20 235,358 235.358 All of the Charity's activities derive from continuing op¢ration5 during the above two periods. The notes on pages I I to 22 fom an integral part of thcs¢ financial statements. Page 9 Dment Ret. QBAEN4JX6UTrWSHE416ZL3 Pw11of24
Nottingham Youth Orchestra Limited (Registration number: 08924895) Balance Sheet as at 31 August 2025 2025 2024 Note Flxed assets Tangible assets Investments 14 15 10,349 194,772 10,700 197.816 205,121 208.516 Current Vd5sets Debtor5 Cash at bank and in hand 16 17 775 8,099 8,874 13,963 25,573 39,536 Cr¢dltor$: Amounts falllng due withln one year 18 1,881) 12,694) Net current a$set$ 6,993 26,842 Net assets 212,114 235,358 Funds of tbt ChArlty: Unrestrleted Income funds Unrestricted fund5 212.114 235.358 Tot*1 funds 20 212,114 235,358 For the fuwi¢ial year ending 31 AugLJSt 2025 the Charity was entitled to exemption from audit under section 477 of the Companies Act 2006 Telating to small companies. Directors, responsibilities: The members have not iequired the Charity to obtsin an audit of its accounts for the year in question in accordance with section 476. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of a¢¢ounts. The fmancial ststements on pages 8 to 22 were approved by the ttustees, and authorised for issue on 4 March 2026 and signed on their bel)alf by: fa/AA Le 6ttrCf rFJBl£Brocq Trustee The notes on pages I I to 22 forni aTh integral part of these financial statements. Page 10 -.r4 Paga 12 of 24
Nottingham Youth Orchestra Limited Notes to the Financial Statements for the Year Ended 31 August 2025 I Charlty status The Charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the iThstees is liable tr) contribute an amount not ex¢eeding £10 towards the ass¢ts of the Charity in the event of liquidation. The address of its registered oifice is.. Northgate House North Gale New Basford Nottingbarn NG7 7BQ 2 Accounting policles Summary of slgnifieAnt accounting polieles and key accountlng estimates The principal accounting policies applied in the preparation of these fmancial statements are set out below. These policies have been consistently applied to all the year5 presented. unless otherwise stated. Statement of comp]ianee The fancIal ststements have been prepared in accordance with Arxounting and Reporting by Charities.. Stst¢m¢nt of Recommended Practice (applicable to charities preparing their acCOts in accordance with the Financial Reporting Standard applicable in tbe UK and Republic of Ireland (FRS 102)) (issued in OGtob¢r 2019) - (Chariti¢s SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basi5 of preparatlon Nottingham Youth Orchestra Limited meets the definition of a publi¢ benefit entity und¢r FRS 102. Assets and liabilities are initially recognised at bistorical Cost or transaction value unless otheTh%ise stated in the relevant accounting policy notes. Golng concern The trnsiees consider tbat there are no material uncertainties about the chariws ability to ¢ontinue as a going concern nor any Si]fiCallt areas of uncertainty that affect the caryyiD8 value of assets held by the ¢lwity. Exemptlon from preparlng 8 cash floiv st4lement The Charity opted to eaTly adopt Bulletin I publisb¢d on 2 February 2016 and have theTefoTe not included a cash flow statement in these fman¢ial statements. Income aDd endoivments All income is recognised once the Cbarity has entitlement to the incomc. it is probable that th¢ income will be received and the amount of thc income receivable be measured reliably. Pagell Document Ret. QBAEX8uTr[J5HEaSzL3 Payg 13 of24
NottiDgham Youth Orchestra Limited Notes to the Financial Ststements for the Year Ended 31 August 2025 Donatio% ond legacies Donations are recognised when the Charity has been notified in writing of both the amount and settlement d&t¢. In the event that a donation is subject to conditions that require a level of perforn]aD¢e by the Charity before the Cbarity is entitled to the funds, the income is deferred and not recogllised until either those conditions are fillly met. or the fillfilment of those conditions is wholly within the control of the Charity and it is probable that these conditions will be fulfilled in the reporting period. Deferred income Defeffed income represents anThts received for tUre periods and is released to incoming resources in the period for Whic it has been received. Such income is Only deferred when.. - The donor specifies that the grant or donation must only be used in future accounting periods. or - The donor ha5 imposed conditions which must be met before the Charity has unconditional entitlement. Expenditure All ¢xpenditure is recognised once there is a legal or constNctive obligation to that expenditure, it is probable settlernent is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure beading that aggregate similar costs to that category. Where costs cannot b¢ directly atttibuted to particular beadings th¢y have been allocated oll a basis consistent with th¢ of resources. with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's Use. Oth¢r support costs are allocated based on the spread of staff costs. R4isingfunds These are Costs incurred in attracting voluntary income, the management of invesknents and those incurred in trading activities that rais¢ fimds. Charilablt aeliviti Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nalMre necessary to support them. GovernAnce costs These include the costs attributable to the Cbarity's compliance with constitutional and statutory requirements, including audiL strategic management and trwgtees meetings and reimbursed exp¢nses. Taxation The crity 15 considered to pass the tssts set out in Paraph I Schedule 6 of the Finance Act 2010 and therefore it meets the defujition of a charitable company for UK corporation tax puryose5. Accordingly, th¢ Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Ttion of Chargeable Gains Act 1992, to tbe extent that such income or gains are applied ex¢lwively to charitable putposes. Page 12 Pffj• 14 of24
Nottingham Youth Orchestra Llmited Notes to the Financial Statements for the Year Ended 31 August 2025 Tangible fixed assets Individual fixed assets costing £50 or more are initially recorded at cost. less any subsequent a¢¢umulated depr¢Giation 3Dd subsequent accumulated impairnient losses. Depreclation and amortisgtion Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expect¢d use1 econon]i¢ life as follows.. Asset class Plant and machinery DepreciAtion method &nd rate 250/0 Straight line basis Fixed xsset lllvestments Fixed asset investments, other than programme related investrnents, are included at market value at tb¢ balance sheet dale. Realis¢d gains and losses on investments are calculated as the differen¢e between sales procccds and their market value at the start of the year, or their subsequent cost, and are charged or Credited to tbe Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in mark¢t values duTing th¢ year and are credited or charged to the Statement of Financial Activitlcs based on the market valuc at the year end. Fund structure Unrestricted income fiu]ds are g¢ncTal funds that are availabl¢ for use at the tSte¢S discretion in furtherance of the objectives of the Charity. Penslons and other post retlrement obllgatlons The Charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fijnd and the Charity has no legal or Constructive obligation to pay further contributions even if the fimd does not hold sufficient a5s¢ts to pay all employees the benefits relating to employee service in th¢ current and prior p¢riods. Contributions to defined contribution plans are re¢ognised in the Statement of Financial Actlvities when they are du¢. If contribution pants exceed the contribution due for service. the excess is recognised as a prepa)rynent. Financial instruments Fair value meosuremenl The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the pric¢ of a recent transaction for an identical asset provides evidence of fair value as long as there has nol been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If tbe markct is not active and rcccnt transactions of an identical asset on their own are not a good estimate of fair value. the fair value is estimated by using a valuation technique. Page 13 Document R•t. QBAEN-uX6U5HE-R6ZL3 Pffj• 150124
Nottingbam Youth Orchestra Limited Iyotes to the Financial Statements for the Year Ended 31 August 2025 3 Incomt from donAtlons and legacles Unrestricted runds Gener Total 2025 Total 2024 Donations and legacAes' Donations from individuals 1,709 1,709 5,881 1,709 1,709 5,881 4 Income from charitable activities Unrestricted fund5 General Total 2025 Gift aid tsx reclaimed Subscriptions - Members Concert income Other income Tours Orchestra tsx relief 12,270 68,487 15.963 3,125 42.024 37,043 12.270 68,487 15,963 3,125 42,024 37,043 178,912 178,912 Unrestricled funds General Total 2024 Gift aid tax reclaimed Subscriptions - Members Concert income Other income Orchestra tax relief 13,132 68.215 11,901 1,448 35,590 13,132 68,215 11.901 1.448 35,590 130,286 130.286 Page 14 Dorojment R*. QBEUXBuE-ReZL3:,:' . P8g8 18of24
Nottingbam Youth Orchestra Limited Iyotes to the Financial Statements for the Year Ended 31 August 2025 5 Investment income Unrestrlcted funds General Total funds Other investment income 5,483 5,483 Total for 2025 5,483 5,483 Total for 2024 5.310 5.310 6 Expelldlture on r41SjDg funds a) Investment management costs UDrestrieted funds General Total 2025 Total 2024 Other investment management costs. Other portfolio management costs 1,899 1,899 1.729 1,899 1,899 1.729 7 Expenditure on ¢hArltAble 4ctivitie8 Unrestricted funds General TotAI 2025 Conductors, tutors and rehearsals Tours Concert costs Rehearsal Tooms hire Events and workings Orchestra administrator Wages and pensions Insurance Printing, postage and stationery Trade subscriptions Sundry expenscs 75,190 51.226 24,681 11.672 2,758 8,174 26,468 194 225 512 5,522 75,190 51,226 24,681 11,672 2.758 8.174 26,468 194 225 512 5.522 Page 15 DorJJrnont R*P. QBAEUx6UKJ5HE-R6zL3 Pago 17 24
Nottingham Youth Orchestra Limited Notes to the Financial Statements for the Year Ended 31 August 2025 Unrestricted funds General Total 2025 Advertising Bank charges Depreciation of instruments Governance costs 1,023 60 681 7.919 1,023 60 681 7,919 216,305 216,305 Unre5tri¢ted funds General TotAI 2024 Conductors, tutors and rehearsals Tours Concert costs Rehearsal rooms hire Events and workings Orchestra administrator Wages &rAd pensions Insurdnce Printing, postage and Ststionery Trade subscriptions Sundry expenses Advert15ing Bank charges Website costs Depreciation of instruments Governance costs 67,383 350 9,791 10.240 4,410 4,583 25,943 304 274 331 4,751 714 60 70 2.234 7.326 67,383 350 9,791 10,240 4,410 4,583 25,943 304 274 331 4,751 714 60 70 2,234 7,326 138,764 138,764 Page l6 Documert R•fr. aB*EVxSuTrU(j5HEw3. P48 18 of24
Nottingham Youth Orchestra Limited Notes to the Financial Statemellts for the Year Ended 31 August 2025 8 Analysi5 of governance and support Costs Governance costs Unr¢strlcted funds General Total 2025 Total 2024 Independent examin¢r fees Examination of the finCial statements Other fees paid to examiners Administration fees 900 810 6,209 900 810 6,209 768 806 5,752 7.919 7,919 7,326 9 N¢t Incondngloutgolng resources Nel (outgoing)/incoming resources for the year includ¢: 2025 2024 Depreciation of fixed assets 681 2.234 10 Trustee$ remuneratlon expen$e$ During the year the Charity made the following transaction5 With trustees.. Mrs W McDon8ld Mrs W McDonald re¢¢ived remuneration of £Nil (2024: £125) during the year. Remuneration was for the supply of deputising for rehersals. The clwity has authority to r¢munerate trustees under the Articles of Association. No trUSt¢¢s hav¢ received any reimburs¢d expenses 01 any other b¢nefits from the chaTity during the year. Page 17 Dccurnent Ref.. QBAEUx6UN-KJSHE-RfizL3 Pago 10 0124
Nottingham Youth Orchestra Limited Notes to the Financial Statejnents for the Year Ended 31 August 2025 I I Staff costs The aggregate payroll costs were a5 follows: 2025 2024 Staff eost$ during tbe ye&r were: Wages and salaries PeL8ion costs 25,505 963 24.985 958 26.468 25,943 The monthly average number of persons (including senior management / leadership team) employed by the Charity during the year expressed as full time equivalenls was as follows: 2025 No 2024 No Average number of employees No employee received emoluments of more than £60,000 during the year. 12 Independent examiner's remuneration 2025 2024 Examination of the fllwicial statements 900 768 Other fees to ex#miner$ All oth¢T tsx advisory services All oth¢r services 810 756 50 810 806 13 Txxatlon The Charity is a registered charity and is therefore exempt from ttiOn. Page 18 Dowment R•Tr. QlEUX8UN-K15NE-ReZL3 Paga 20 of 24
Nottingham Youtb Orchestra Limited Notes to the Financial Statements for the Year Ended 31 August 2025 14 Tanglble red assets Furniture Ind equipment Total Cost At I September 2024 Additi(Trns 27,031 330 27,031 330 At 31 August 2025 27.361 27,361 Depreelation At I September 2024 Charge for th¢ y¢ar l6.331 681 16,331 681 At 31 August 2025 17,012 17,012 Nel book value Ai 31 August 2025 10.349 10,349 At 31 August 2024 10,700 10,700 15 Flxed asset investments 2025 2024 Other investments 194,772 197.816 Other investments Listed investments C15h deposits Total Coyt or V&luatlo At I September 2024 Revaluation Additions Disposals 193,821 7.194 40.779 51,099) 3,995 197,816 7,194 93.539 103,777 52,760 (52,678 At 31 August 2025 190.695 4,077 194.772 Net book value At 31 August 2025 190,695 4,077 194,772 At 31 August 2024 193.821 3.995 197,816 Page 19 DrUment Ref.. QBAEN.UX8UN-KJ5HE-R6ZL3 Pag• 21 of 24
Nottingbam Youth Orchestra Limited Notes to the Financial Statements for the Year Ended 31 August 2025 10 Debtors 2025 2024 PrepayTnents Accrned income Other debtors 504 13.570 260 393 775 13.963 17 Cash cash equivalents 2025 2024 Cash at bank 8,099 25,573 18 Creditors: amounts falling due within one yeydr 2025 2024 AccnlS Deferred income 1,881 1,730 10.964 1,881 12,694 2025 2024 Deferred income at I September 2024 Resources deferred in the period Amounts released from previous periods Deferred income at year end 10.964 10.964 (10.964 10,964 19 Pension and other schemes Deflned contribution pension 5¢heme The Charity operates a defined contribution pension scheme. The pension cost charge for the year represents ontributiODS payable by the Charity to the scheme and amounted to £963 (2024 _ £958). Page 20 0m¢t R•t. Q8P£N41X8UNXJ5AE46I3 Pap 22 of24
Nottingham Youth Orchestra Limited Notes to the Financial Statements for the Year Ended 31 August 2025 20 Fund5 Balance at I September 2024 Incoming resources Resources eipeDded Balance at 31 August 2025 Ullr¢$trieted funds General Income fijnd 235.358 186,104 209.348 212,114 Balance at I September Other reeognlsed galn81(losses) Balance at 31 August 2024 Incoming re$ourtes Resources expcnded 2023 Unrestricted funds General Income fund 216,245 141.477 140,493) 18.129 235,358 21 Analysis of net assets between funds Unrestrleted funds General Tot fuDds 8t 31 August 2025 Tangibl¢ f¢d assets Fixed asset investments Current assets Current liabilities 10.349 194.772 8.874 1,881 10,349 194,772 8,874 1.88l Total net assets 212,114 212,114 Unrestricted funds General Tot41 funds at 31 August 2024 Tangible fixed assets Fixed asset investments Current assets Current liabilities 10.700 197.816 39.536 (12.694) 235.358 10,700 197,816 39,536 (12,694) Total net assets 235.358 Page 21 Document Ref.. QBAEN-UX6UN-KJ5HE-R8ZL3 Pw23of24
Nottingham Youth Orchestra Limited otes to the Financial Statements for the Year Ended 31 August 2025 22 Related party transactions During the year the Charity mad¢ the following related party transactions.. MrFJBLeBrocq (Mr F J B Le Brocq is the Chairnian of the charity. ) Within the year, £40.23 (2024..£70.59) was paid to Mr F J B Le Brocq for travel expenses for rehersals on 17th October 2024.. At the balance sheei date the amount due to/from Mr F J B Ix Brocq wa5 £Nil {2024 - £Nil). Dr M Chadwick (Dr M Chadwick is a Trustee to the Charity. ) Within the year, a total of £1,470 (2024:£186.25) was paid to Dr M Chadwick as a reimbursement of hiring parts and equipments for concerts. At the balan¢¢ sheet date the amount due tolfrom Dr M Chadwick was £Nil (2024 - £Nil). Page 22 Lkwmgnt R•fr. Q8hEUx8UNsHE4I6zL3 Page 24 of 24