si Chari 2274 LY
Ji Not¢• kn the Act•ts
TRusfELS REPORT FOR ThE YEAR LNDED 31¥tJULY 2024 Stts•: Young Music Makus lA)nd Limited is a CLMhW limile41 by guwlee (no W)572) and a rc8iknd Charity (w 264274X 80vuned by its Mern and Articks of AslIti(. Ms. Alison Chandler. App)int&l Chair 6th Juty 2019. R<411&1 3 IA Dec 2023. Ms. Sévffine Philvde4u. Seuefwy 24th June 2017. APltell Vice Chair 6th July 201 Apwinted ¢TreaSu 17th JaD 2023. Resied Sc• a1 VK¢ Chair and app)inted interi TUr l 2024. Resi8wI t treiw 2(725. Mr. RoB¢rChwks Crtythn. AAx>ithl 1st Mreh 2019. 27th Nov 2023. Ms. Am Gre•Jwood. ApFK)Inl 27th March 21V21. Appointed v¢h41r 1st Jan 2024. Ms. ViT8inia Ketrid8¢- Apw)inted 27th M•rch 2021. Mr. Edwa Bolt . ANlAted 27th Mavch 2021. Resi 31 Dx 2023. Ms. Afua NkAns&ASlM(h. AAK)inted 28th Seoembtr 2021. Resi4 1 l November 2024. Mr. Mark Mctk)nald- App)inted 23rd Nov 2022. Ar4k)inted ¢TrTreLgwer17th Jan 2023. Resi8ned ¢ Treasurer and apkx)inled Chair on 2024. M& Mthlk D0Vcl. Am)inled 23rd Nov 2022. Res1wl I I. November 2024. Mr. Julian - An1nted 23rd Nov 2022. ArtK>int ViL£hair I st Jrn 2024. Restd 7 F¢Uary 2025. Mr. knnzo Picinoii. Apwjinknl S• 27th Nov 2023. Mr. Dan Carrw. Apw>inlol IA Dt¢ 2023. Ms Susan Cullinkn- AInted P Fefv 2024. Resi8Th l l (knber 2024. l•depeDde•t Examlw. David Harrf HwrThl Neilson & Co" Compthny Aceouotan Ballker•: Lloyds Bank PK 140 Camden HI Stree( IAxMlon NWI ONG.
ic year ¢nding 31 Juty 2024. Th¢ compaoy YouD8 Must¢ Maken tAxth) limited by 8uarnnte¢ trading as Young Music MkcTS YMM was estsblished to enhan the musical ethKatioti of childTen by woviding the means to rn¢ music together from Sn carty age. It WICS (Nrt its oblY¢S ty pYvv#ling a Weeke music sch(K)I mainty for children but is open to Stud& of a8es. The schwl offers indtvidu8L small Jnd large group lessons and supw)rtiv¢ audien¢e5. YMM has bc¢n a vital Fmrt ofthe N(wth L4yn(kn music IAV 50 yexj. We iMI ' school ternj-time and we w¢re bfis at La Sainte Unim SchwL Higbgate R(wd NW5 until Juty 2024 ond th¢Yeaftu at William Ellis SchLX)L Hi8hgat¢ W NW5. In Juty 2024. our sttthits number•1 29). of which swythl by iOry SCIne children fxiD8 fMan¢1 hudthip. Tke rnattAgeme•t team The and ddailcd nnI of Il thl was ¢•rri out by the man•8rnt team: Musical Direth)r & YMM La John K Miles and SclKK)l Business M•nyr Richard p1. AdditionAI supwt Wa8 The mw¢ment am from IKMne dwinBdK we¢k Ind at ia Sainte Union Sch(xil (LSU). Saturday& Following a wop)ged l(XPh iKreax in YMM moved frlrn LSU back to William Ellis Sthool in Septrjnber 2024. The YMM Lewl manages tum develops musical str8tryies and rafviscs the trustees on the musi develoweni of YMM. Try have overnll YesFwibilty for YMM and work with the SchTh)l Business Manager to f¥ilitat¢ the day-tfrday running of incIling rltinert of tutOTS finjnc Fl#aKll admlml•trntlo• The Sch{ Business Manager is reswisible for finance and for colleclin& reoxding and banking tuition fees p•id by prnts and students. llw py genernl outgoings tutors. w aDd r4Jministration fees. All payments carry sUlP)rtin8 &xumentst¥)n 8Th1 are off by the trUStee5. Finance is pr5 using an online thdmin systry My Music Stsff. The SdKM)l Business M•nw I1 YMM Lul ve •utlK)rity in conjundion with ofte trll$ for many routine financial items. Our policy is to relain in reserve th¢ quivalent of (xle trrnk's fix¢d (ting costs. The trust5 arc stttisf any I1 authority funding atMI is vhdty deOt fee inwne and %*510 dwitsble 8TJnts f(Y Pa8c 2
Trnt The strategic Mafiaent of YMN£ the ova5ight of tts the ap]ntment of its tthl and Musical . Director. Sch(] Business Manager and Athnini5trntive Assistant and the setting of policy are carried out by the (Thimittee of Un voluntsry truths {wlx) are also the directors for the puw of compatty law). Trnstees are m#iDty aduh Students andlor rArMts of cbildttn and young pyle WIK) are or. until Ttty have been. stu(knts at YMK or bave their own close ctIOnS wÉth the schLM)l. The trus are the means by which YMM accounts to parcnts and W¢ always knking out for new trustees thal the board rcpr¢sents thc ¢urrMt sclKK)I p)wlati(ffi. We apw>inted f(w new tru during the FinancMI Year 2023.2024 and had three trsignatkxi& into 8roups cov¢rin& for exampk. tnndin8 and Marketi fiMthin& safe8unlin& and tutor iiaisL The trustees atnd YMM conc¢ns at the end of eath temK as well &8 tnany of the other smaller. inslnThent. specifK concert8 and ernal eveD We meet at least on¢¢ a terni with th¢ YMM LKadiMusical DI£10r aThl SchLK)I BlnesS Mana8¢r. Most of the trustees visit the schwl each Sanwday. and liiise with the St dwin8 the wcek to day.t(Y decisions and (kal with fuwjce. JanuaryiFebnJw. by rotstion ea¢h year may b¢ re4led. T•tor4 Tulory WI numbered 28 in July 2024. tre aNled recLxnmcnkn of the manwent team 1 in line with YMM'S safe8wdiTrg N)licy. Th¢ YMM wraises the wly F*rf(Ym#n of each new tutor All tutors &r¢ in kN)8SC&8ion of an EnhAn& Disclosure and Barrin8 S¢Tvice (DBS) ch¢cl complete a saf¢guMrding induction ¢our8e on apwinbnent aNI ]Y¢ safeguardin8 Tutor5 have I¢38 to an onlin¢ hkndbook ¢trInIng211 YMM wlicies and CLxks ofc(ducl all of which are review amiuAIty s8fe8u•rdiD8 leth44 aThl ail trustees take wtlfue of our Ind stsff. A group of ld youn8 Wistants suFp)rt the team (m Satsrday& helping to zt up r(x)ms for 1¢ss(S putting oul se4tin8 f phot(Kwin& aTrJ clearing kwuipment It the end of the day. Any young assistsnts under the 88¢ of 16. (Y within L?)Ml edueati(M w. Aye aFy)ithted 411er A Young Person's Work Permil b&s in 8rknl from the B(ffLMh of C•mden and tlw hve be¢n 8iven manual handling training.
We enjoyed a strong #art the year. with a stthk numir of (297). F••dr•uknt We were delighted to rnise almost £1 l.(XXl in our Big Give ChrIM chkBe camptiign whi¢h allowed Sprxn8 Co•&Yrt All ¢nsemblcs sha0 their overtwo c(Kicert& i1ling a titketyj ¢vemin8 event th¢ J#day of trrni wher¢ truste¢s ran an evening bor. helping rnisc 1Xh spirits and funds for YMM. Thc c4)ncerts were a SDh)i•ts eo•cert and allowed stsidents to wf¢xm to an all¢ntive and sup&xirtiYe audien. S•mmer eo•¢erts YMM ran three intern81 rA)nCe in the Summtt terni: two ensemble concerts piano Co¢TL inclusiv¢ of all levels of experi¢nce. All wve wcll.rttYived. J(thn K Miles pwticipAtion so thAt all ens¢mbks Perfed during their Dmnal sa$1 limw w minimi7 limetabl¢ dAgrupti¢xi. This PlIAMent Hill. Comm••lty C*fé We wttt sw¢¢ssful in eAablishin8 a new C(xnmunity Café in the Swnmw Tdm Frovidin8 drinks and TRUSTEES, REPORT FOR THE YEAR ENDED 3 1st JULY 2024 Signed on behalf of the of dIrlS MARK MCLK)NALD
J.x e.A_4 YMM w0d08d1n like io ihank its IKredible leam ofhdors wkn conlinuediowovide quall.y lui¢iopL wlih asli1Ve aftilude eIleI crethivity. em.8 ihe spirit ofihe YmMfamY.
I rep)rt on the xc4)unts of the (xonptsy f(r the ye4r end1 31 Juty 21r24. L¢b Kc set (Mrt py 7 to l I The Truste¢s are akn the DiffKtoYs of the fLf the purpo of comrnY law) tre Ye4xs1b1e for th¢ preparnt)( of the xcounts. The Truth that an adit is Thx Jwuira for this year under s¢¢tion 144 (2) of the Chwities Ad 2011 (the 2011 Aet) and that inde1 examination is neale Havin8 satisfd myself that th¢ ¢hty is wbied to alt under ci)rnpAny law is ¢li8ibk for exnin¢ raxwnts under s¢¢¢m 145 of the 2011 Act 5tIOn 14515Xb of th¢ 2011 A< TrI AD examination includ¢s a revi¢w of the &counting IOr&S keirt by the charity #nd a c4Mnparison of the pKwunts prcs¢nteAI with those records. li also inclth c(m$id¢rntion of any UnSUal items or disclosures in und¢rt#ken do fM)t Provide all th¢ evidenc¢ would be wuired in an audit and e4Msequcntty no opinion 1$ givcn to whether the a 'tr and f•ir vi. the rcFKxt is lin)ited to those matters sct out in the siatuncnt below. (i) hi¢h gives me rt8onable c8u5¢ to belirye thol in any Mater respwt the rt¥4uirnnents.' to keep 4¢eounlin8 reeonls in e0rd with 386 of th Coffi*1¢8 Act 2(Th: and irtments of se¢t1 396 of the ComF•nies Ad 2006 INI with the Meth aThl wincipks of th¢ Have not be¢n me¢ or (2) Harr(yJ Neil & Company Ic Cftdk Aven Bushey Page 6 zp&
YOUNG Sic MAKE ATE OF FIN ¥iu¥¥!_ YEAR ED 31 JUL Income Expendknyt Activities in fiffthe of the charity's objects Pupil fees and levies 233.534 233.534 217.451 Interest rxeived t)onatiODS Sundry Income 1,239 1487 1239 17J53 329 1.651 1.79 14.866 Rejoue1 expejded Charitable exFndilure Activities in furthe of ¢harity's Obje£ts iin¥s 11 10. i(xb 208.032 21&132 204J47 Total r¢wwrfu upe•de4 Net hcome (Dellclt) for the yMr 4,766 4,897 {7583) iyw f(Yw•rd & l Augitst 2023 Fwmd• earrk4 forwltrd *131 Jwty 2•24
ETAT IIT Tangibk fix&1 asscts Currettt Atsets Fee Debtors Cth at bfflnk 4J05 1,490 91,413 83.764 Crnlltoyj: d wlthiw one ytar Suwhy CrvJit(ws Net CurreAi Amets Fumd# R¢5tricted 23.049 18283 In the opinion of thc dirr& the cn1Y is entitled the under Section 477 of th¢ CompAni¢s Act 2(. The mcmbtts have wuirnl the c4)mwiy to obtstn an audit in with Section 476 of the Companies Ad 21Y)6. The directors xknowkd8e th¢ir responsibilities for ¢nsurin8 that the lrty key x¢4)untin8 r¢¢4xds whi¢h canpty fwith 11( 386 of the C4)mpanies Act 2006 and for prEp)arin¥ lWi which 8iv¢ a true and fair vicw of th¢ stste of affairs of th¢ ¢ompw)y as at 31 July 2020 and of its wofit or lo for the finwKial year in XcLydan with the requirements of Se¢tion 396 of the Companies Act 21Y)6. which herw Lxmnpty with the wuire4ne4ts of th A¢t Rllling unt& so f•r appli¢abk to dK ¢onpw. Trefin¢1al sithements. which Im beenwewedin wilh ihe SlaIPrOyiS1onf relthing to COry7nieJ stsbjert lo ihe svdl eowies regime wiihin IS of iht Comwiies Ad 21A)O. were apwovedby ihe B(wdon 5 Fe 2025 andsigned on its belx4f 11 /v/ 2•cS ASURER XAVIER NICOLAS Th¢ N(rtes po8¢s 9 to I I fml pwl of these Pag¢ 8
YOUNG MUSI NOTLS TO THE FINANCIAL ATEMENTs FOR THE YEAR ENDED 31 JULY 2024 I. ATUs OF COMPANY Yoim8 Music Makers knxxk>n Limitql is a L1panY rcgistttql in England and wa li[ted by 811arath and not haviftg a shvecapit•l. It isa wi&ered charity and is n( liablekndrfft UKtsxati( on its charitsbk activiti 2. AccouNllNG POLICILS BA•1• of PrepArntIo Charities. Stst¢ment of 0mMended Prncti¢¢ applicable to charities preparing their accc.unts ' cordance with the Fina1a1 RepKYtin8 stdard applicabl¢ in the UK and ReIblIC of IrelaNI (FRS 102) {eff¢¢tive l Januw 2015) and the Comp1¢$ Act 2(I)6. The finwKial Stste1 hawe iwj IAfome Pupil fees thd kvies Iff rEC4wis¢d in the sthtrM of Financial A¢livities in the lo thry relate. ExpeNdlt•rt Expenditure is alkKad dire£lty to either Di[t Charitable EXndire (Y Man¥cmart fjnd AdminlslratlL wherever FK6sible. C(%nmth] are alkKaknl on a blsis which seems rcasor.abk in Dlre¢t EX•do1•re Direct chwithble exltUre r¢wesents exd]lure dirrttly {ygani10n'8 ¢h•ritabk obj1VeS of fuTtheM8 thibjruw, musical rawat. Manag¢m¢nt and thinistration costs felat¢ kn the costs of c4xnplyin8 with le8al (11811M LY administerin8 the Organilon and dealin8 with th¢ finknciai matler Depredd Fixed Assets acquire41 for the of the charity •r¢ •kwe¢i#d at r*$ to wri1¢ off their over th¢ estima uxful lives. Thc rates applicd are: oirKe Equipnent 25% writkn th)wn Fund Aeeollmtl
STA ENDED 31 L TRUSTEES trustees (2023- £Nil). The childm) of tnJAS attend cl&ws (m the sam¢ terms as all other children. I TANGIBLE FIXED A&S C( At I. AugiLlt 2023 Addi 1.8 )rt.I At 31. July 2024 Depre¢l•tlon At 1° August 2023 Chor8¢ for the year At 31. July 2024 Net Btyjk Vd•e' At 31. July 2024 At31'Juty 2023 5. AVERAGE NUMBER OF EMPU)YELS The avu8e numt¢r of mploy•J by the was 3 (2023.3) Page io
YOUN NOTES TO THE FThAN NDON IAL ATEmENTS FOR THE YEAR ENDED 31 Y 2024 & ANALYSIS OF ExPENDURE 2024 Total ?023 14(776 13-.623 Pritttin& Postl8c & Ststionuy 20,952 1-.672 CItAnin8 TeieplK 41 514 2J87 1033 58,660 61.712 ProfessI(wl Fee¥ 1154 121X) 12(M) 1950 443 391 Musical 1nknunts 1,703 2J85 567 IT 71 Subscripti( n4 Training 234 756 Pupils fees (rtrI fimd)