## **The National Youth Wind Orchestra**
**Trustees’ Report and Financial Statements for the year ended 31 October 2024**
**Registered Charity Number 1205305**
## **The National Youth Wind Orchestra of Great Britain**
## **Charity Information**
|Patron|Sir Simon Rattle, OM, CBE|
|---|---|
|Honorary Advisors|James Gourlay|
||Jonathan Freeman-Attwood CBE|
||Tim Reynish MBE|
|Trustees|Paul Harris|
||Andrew Somerville|
||Catherine Millar|
||Lesley Rutherford|
||Diane Widdison M.A.|
|CEO & Artistic Director|Louisa Denby|
|Honorary Treasurer|Debbie Mealings ACMA CGMA|
|Registered Charity Number|1205305|
|Principal office|15 Mallard Drive|
||Buckingham|
||Bucks|
||MK18 1GJ|
**2**
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## **The National Youth Wind Orchestra**
## **Contents**
||**Page**|
|---|---|
|Trustees’ report|4 - 5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 12|
3
**The National Youth Wind Orchestra Trustees’ Report For the year ended 31 October 2024**
The Trustees present their report and the financial statements for the year ended 31 October 2024
## **Governing Instrument**
The charity's objects and regulations are regulated by a trust deed dated 1 January 1986 and, under that deed, NYWO is constituted as an unincorporated association.
The National Youth Wind Orchestra (NYWO) was originally named The British Youth Wind Orchestra when founded by clarinettist Eric McGavin in 1968. Stephen Dodgson, Andrew McGavin, Robert Montgomery and Leonard Salzedo established it as a charity on 1[st] January 1986 and registered it with the Charity Commission on 28[th] February 1986. NYWO has benefited generations of young musicians, their parents and the community at large. Due to COVID-19 NYWO ceased running any courses during 2020 and the charity ran into financial difficulties leading to the closure of the National Youth Wind Orchestra of Great Britain (Charity No. 327024) in 2023.
In October 2023 The National Youth Wind Orchestra Charitable Incorporated Organisation was formed and registered with the Charity Commission with new Trustees.
The charity was established in order to advance the musical and orchestral development of young persons. There have been no changes in the charity's trust deed or objectives during the year.
## **Trustees and Management Team**
The following officers of the charity have held office for the whole or a major part of the year.
## **Trustees**
Paul Harris Andrew Somerville Catherine Millar Lesley Rutherford Diane Widdison M.A.
The trustees are permitted to appoint additional trustees under the terms of the trust deed.
## **Principal Officers**
Honorary Treasurer – Debbie Mealings
4
**The National Youth Wind Orchestra Trustees’ Report (continued) For the year ended 31 October 2024**
## **Review of transactions and financial position**
The statement of financial activities reflects the fact that the organisation received donated funds from the National Youth Wind Orchestra of Great Britain and ran their first course in April 2024. Bank and cash balances stand at £8,287 at the end of October 2024 with creditors of £324.
Reserves are needed to bridge the gap between receipts and payments should there be an unexpected fall in income. The trustees consider that the level of reserves are sufficient to ensure sufficient funds are available without impacting upon the provision of charitable services. This level has been met in the year ended 31 October 2024.
## **Risk Management**
The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to the major risks facing the charity. The Trustees have also put in place mechanisms to frequently review potential risks and the measures in place to mitigate those risks.
## **Public Benefit**
The charity carries out its core activities in pursuance of its charitable aims. The Trustees consider that these activities provide benefit both to those who directly receive services and the wider community. The trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
## **Meetings**
The NYWO Board of Trustees and senior management team aim to meet formally at least three or four times per annum.
## **On-going activities**
The NYWO ran their first Chamber music course in April 2024 which was a success and are looking to run their first residential course in 2025. The financial statements have been prepared on a going concern basis as the Trustees consider that sufficient cash reserves are available to plan for an eventual resumption of activities in 2024.
## **Core Objectives**
During this last year NYWO was able to run its first course meeting its core objectives of training young musicians and running one day Chamber music courses and residential training courses.
Approved by the trustees on and signed on their behalf by: 27th August 2025
Paul Harris Louisa Denby Trustee CEO & Artistic Director
5
## **The National Youth Wind Orchestra Statement of Financial Activities**
## **For the year ended 31 October 2024**
|**Unrestricted Restricted**
**Funds**
**Funds**
**31**
**2024**
**2024**
**Notes**
**£**
**£**
**Incoming resources**
Course fees
**2**
1,534
-
Donations and grants
**3**
16,200
-
Restricted funds**9**- -
Sale of tickets
-
-
Bank interest
174
-
_______
_______
Total incoming resources
17,908 -
_______
_______
Resources expended
Direct charitable expenditure
(3,709)
-
Other expenditure:
Management and administration
of the charity
(20,694)
-
_______
_______
Total resources expended
**4**
(24,403)
-
_______
_______
Net movement in funds
(8,287)
-
Fund balances brought forward
At 16 October 2023
-
-
_______
_______
Fund balances carried forward
At 31 October 2024
8,287
-
|**Total**
**Total**
**October 31 October**
**2024**
**2023**
**£**
**£**
-
-
-
-
- -
-
-
27
-
_______
_______
27
-
_______
_______
(3,709)
-
(20,694)
-
_______
_______
(24,403)
-
_______
_______
(8,287)
-
-
-
_______
_______
8,287
-
|
|---|---|
The notes on pages 8 to 12 form part of these financial statements
6
## **The National Youth Wind Orchestra Balance Sheet As at 31 October 2024**
|**Note**
**£**
**Fixed Assets**
Tangible assets
**6**
81,930
Cash at bank and in hand
8,287
_______
**Creditors: amounts falling**
**due within one year**
**7**
324
_______
**Net current assets**
Total assets less current liabilities
**Funds**
Unrestricted
**8**|**2024**
**£**
**£**
-
_______
-
_______
89,893
_______
89,893
_______
89,893
_______
89,893
|**2023**
**£**
-
-
_______
-
_______
-
_______
-
|
|---|---|---|
The financial statements were approved by the Board on 27th August 2025 and signed on its behalf by: -
Paul Harris Louisa Denby Trustee CEO & Artistic Director
The notes on pages 8 to 12 form part of these financial statements
**The National Youth Wind Orchestra Notes to the Financial Statements For the year ended 31 October 2024**
## **1. Accounting Policies**
## 1.1. **Accounting convention**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK FRS 102 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom (FRS 102) and the Charities Act 2011.
The Charity constitutes a public benefit entity as defined by FRS 102.
In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed. No restatements were required.
The financial statements have been prepared on a going concern basis. The Trustees have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. In particular, in response to the COVID-19 pandemic, the Trustees have tested their cash flow analysis to take into account the impact on their business of possible scenarios brought on by the impact of COVID-19, alongside the measures that they can take to mitigate the impact. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Trustees have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts
## 1.2 **Donations and voluntary income**
Donations and voluntary income are accounted for gross when received.
## 1.3 **Grants receivable**
Grants for immediate expenditure are accounted for when they become available. Grants received for specific purposes are treated as restricted funds.
Grants restricted to future accounting periods are deferred and recognised in those periods.
## 1.4 **Course fees**
Income from course fees is recognised in the Statements of Financial Activities when the charity is Legally entitled to the income after performance conditions have been met, the value can be measured reliably and it is probable that the income will be received. This point is considered to be when the services are invoiced.
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**The National Youth Wind Orchestra Notes to the Financial Statements (continued) For the year ended 31 October 2024**
## 1.5 **Allocation of management and administration costs**
Costs are allocated between direct charitable and other expenditure according to the nature of the cost. Where items involve more than one category they are apportioned between the categories according to the nature of the cost. Management costs are those functions that assist the work of the charity but do not directly undertake charitable activities.
## 1.6 **Donated goods and services**
Donated services and facilities are received by the charity from a number of sources. These services are considered immaterial to the function of the charity and no provision has been made in the financial statements for these services.
## 1.7 **Tangible fixed assets and depreciation**
Fixed assets for charity use are capitalised at cost, where acquired, or market value as determined by the trustees where donated. They are stated at cost/original value less depreciation:
Musical instruments and administration equipment 15% reducing balance
## 1.8 **Cash at Bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less.
## 1.9 **Creditors**
Creditors are recognised when the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured reliably.
## **2. Course Fees and Bursaries**
Bursaries are granted, with assistance from other benefactors, by NYWO to support students
## **3. Donations and grants**
**2024 £** 16,200 ______ 16,200
**Donations** 16,200
______
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## **The National Youth Wind Orchestra Notes to the Financial Statements (continued) For the year ended 31 October 2024**
**4. Analysis of Total Resources Expended**
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
**Direct Charitable Expenditure**
Hire course venues
1,381
-
Hire concert venues
-
-
Recordings
-
-
Hire and storage of musical instruments
530
-
Music and royalties
-
-
Transport and mileage
-
-
Tutors/mentors
1,750
-
Audition expenses
-
-
Printing, post & stationery
48
-
_______
_______
3,709
-
_______
_______
**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
**Management and Administration**
Fees and Subsistence
-
-
Insurance
324
-
Public relations and advertising
1,070
-
IT and communications
-
-
Professional Fees
4,812
-
Bank & Pay Pal Fees
30
-
Depreciation
14,458
-
_______
_______
20.694
-
|**Total**
**2024**
**£**
1,381
-
-
530
-
-
1,750
-
48
_______
3,709
_______
**Total**
**2024**
**£**
-
324
1,070
-
4,812
30
14,458
_______
20,694
|**Total**
**2023**
**£**
-
-
-
-
-
-
-
-
-
_______
-
_______
**Total**
**2023**
**£**
-
-
-
-
-
-
-
_____
-
|
|---|---|---|
The members of the Board of Trustees received no remuneration during the year.
.
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## **The National Youth Wind Orchestra Notes to the Financial Statements (continued) For the year ended 31 October 2024**
|**5.**
**Independent examiners costs**
Accruals and creditors
**6.**
**Tangible fixed assets**
Cost
At 16 October 2023
Additions (Donated)
At 31 October 2024
Depreciation
At 16 October 2023
Charge for the year
At 31 October 2024
Net book value
At 16 October 2023
At 31 October 2024|**2024 2023**
**£**
**£**
-
-
_______
_______
**Musical**
**Instruments**
**£**
-
90,388
_______
90,388
_______
-
14,458
_______
14,458
_______
-
_______
81,930
_______|
|---|---|
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## **The National Youth Wind Orchestra Notes to the Financial Statements (continued) For the year ended 31 October 2024**
|**7.**
**Creditors: amounts falling due within one year**
Accruals and creditors
**8.**
**Unrestricted funds**
Balance at 16 October 2023
Net movement in funds
Balance at 31 October 2024|**2024**
**£**
324
_______
**2024**
**£**
-
8,287
_______
8,287
|**2023**
**£**
0
_______
**2023**
**£**
-
-
_______
-
|
|---|---|---|
The unrestricted fund is necessary to enable the charity to fulfil its objectives, to meet existing commitments, to provide a fund for tangible asset replacement, and to enable the charity to meet its day-to-day working capital requirements.
The Charity aims to achieve a reserve level assessed at a figure equivalent to 6 months operating costs and is subject to an annual risk assessment of obligations and liabilities.
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