si
Chari
2￿274
LY

Ji
Not¢• kn the Act￿•ts

TRusfELS REPORT FOR ThE YEAR LNDED 31¥tJULY 2024
St*ts•: 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 As￿lIti(￿.
Ms. Alison Chandler. App)int&l Chair 6th Juty 2019. R<41￿1&1 3 IA Dec 2023.
Ms. Sévffine Philvde4u. Seuefwy 24th June 2017. AP￿l￿tell Vice Chair 6th July 201
Apwinted ¢￿TreaSu￿ 17th JaD 2023. Resi￿ed Sc• a￿1 VK¢ Chair and app)inted interi
T￿U￿r l 2024. Resi8wI t treiw 2(725.
Mr. RoB¢rChwks Crtythn. AAx>ithl 1st M*reh 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￿ . AN￿lAted 27th Mavch 2021. Resi￿ 31 Dx 2023.
Ms. Afua NkAns&￿ASlM(￿h. AAK)inted 28th Seoembtr 2021. Resi￿4 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 D0V￿cl￿. Am)inled 23rd Nov 2022. Res1w￿l I I. November 2024.
Mr. Julian - An￿1nted 23rd Nov 2022. ArtK>int￿ ViL*£hair I st Jrn 2024. Rest￿￿d 7
F¢￿Uary 2025.
Mr. knnzo Picinoii. Apwjinknl S• 27th Nov 2023.
Mr. Dan Carrw. Apw>inlol IA Dt¢ 2023.
Ms Susan Cullinkn- A￿Inted 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 M*kcTS
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 ob￿lY¢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 i￿Ory SCI￿ne
children fxiD8 fMan¢1￿ hudthip.
Tke rnattAgeme•t team
The and ddailcd n￿nI￿ 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 p￿1. 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 incI￿ling r￿￿ltinert of tutOTS finjnc
Fl#aKl*l 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 pr￿5￿ using an online thdmin systry￿ My Music Stsff. The SdKM)l Business M•nw I￿1
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 trust￿5 arc stttisf
any I￿1 authority funding atMI is vhdty de￿O￿t fee inwne and ￿%*510￿￿ dwitsble 8TJnts f(Y
Pa8c 2

Trnt
The strategic Mafia￿ent 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 T￿tty
have been. stu(knts at YMK or bave their own close c￿￿￿tIOnS wÉth the schLM)l. The tru*s 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& safe8u*nlin& and tutor iiaisL
The trustees at*nd 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 B￿lnesS 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¢ re4le*d.
T•tor4
Tulory WI￿ numbered 28 in July 2024. tre aN￿l￿ed 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?)M￿l￿ edueati(M w. Aye aFy)ithted 411er A
Young Person's Work Permil b&s i￿n 8rknl from the B(ffLM￿h of C•mden and tlw hve be¢n 8iven
manual handling training.

We enjoyed a strong #art ￿ the year. with a stthk numi*r of (297).
F••dr•uknt
We were delighted to rnise almost £1 l.(XXl in our Big Give ChrI*M￿ ch￿k￿Be camptiign whi¢h allowed
Sprxn8 Co•&Yrt
All ¢nsemblcs sha￿0 their overtwo c(Kicert& i￿1￿ling a titketyj ¢vemin8 event th¢ J*#day of trrni
wher¢ truste¢s ran an evening bor. helping ￿ rnisc 1X￿h 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 Perf￿￿ed during their Dmnal sa$1￿ limw w minimi7* limetabl¢ dAgrupti¢xi. This
P￿lIAMent 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 dIr￿l￿S
MARK MCLK)NALD

J.x e.A_4
YMM w0￿d08d1n like io ihank its IKredible leam ofhdors wkn conlinuediowovide quall.y
lui¢iopL wlih a￿sli1Ve aftilude ￿￿e￿Ile￿I crethivity. em￿￿.￿8 ihe spirit ofihe YmMfam￿Y.

I rep)rt on the xc4)unts of the (xonptsy f(r the ye4r end￿1 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 comr￿nY law) tre Ye4x￿s1b1e
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 ￿ inde￿1 examination is neale
Havin8 satisf*d myself that th¢ ¢hty is wbied to a￿lt under ci)rnpAny law is ¢li8ibk for
ex￿nin¢ raxwnts under s¢¢¢m 145 of the 2011 Act
5￿tIOn 14515Xb of th¢ 2011 A< *TrI
AD examination includ¢s a revi¢w of the &counting I￿Or&S keirt by the charity #nd a c4Mnparison of the
pKwunts prcs¢nteAI with those records. li also inclth c(m$id¢rntion of any Un￿SUal items or disclosures in
und¢rt#ken do fM)t Provide all th¢ evidenc¢ would be wuired in an audit and e4Msequcntty no opinion
1$ 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 C￿ftdk 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
Rejou￿e1 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 dir￿￿r& the c￿n1￿Y 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 l￿￿rty key x¢4)untin8 r¢¢4xds whi¢h canpty fwith ￿11(￿ 386 of the C4)mpanies Act 2006 and
for prEp)arin¥ ￿l￿Wi￿ 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* beenwew*edin wilh ihe S￿laIPrOyiS1onf relthing to
COry*7nieJ 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 L￿1panY 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 Fina￿1a1 RepKYtin8 st￿dard applicabl¢ in the UK and Re￿IblIC of IrelaNI (FRS
102) {eff¢¢tive l Januw 2015) and the Comp￿1¢$ 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 alkKa*d dire£lty to either Di[￿t Charitable EX￿ndi￿re (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 ex￿￿ltUre r¢wesents ex￿￿d]lure dirrttly {ygani￿10n'8 ¢h•ritabk
obj￿1VeS of fuTtheM8 thibjruw, musical rawat￿.
Manag¢m¢nt and thinistration costs felat¢ kn the costs of c4xnplyin8 with le8al (￿11811￿M￿ LY
administerin8 the Organi￿lon and dealin8 with th¢ finknciai matler
Depred*d
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 tnJA*S 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 avu*8e 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 ExPEND￿URE
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(w￿l Fee¥
1154
121X)
12(M)
1950
443
391
Musical 1nknun￿ts
1,703
2J85
567
IT
71
Subscripti(
n4
Training
234
756
Pupils fees (r￿trI￿￿ fimd)