YOUNG MUSIC MAKERS LONDON LIMITED Com Chari No. 8995n No. 264274 FINANCIAL STATEMEIY FOR THE YEAR ENDED 31 Y 2025 AF0H(th 2110412026 COMPANIES HOUSE
fUSIC MAKERS LONIX)]4 TED PAGE coNrENtS TnMtees' Report dependent Examiners Report Ststtment of Trln*nei•l At¢ivilieJ Notes ts Ibt Atcounts
YOUNG MUSIC MAKERS LONDON LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31st JULY 2025 Staths: Young Music Makus Lottdon Limitrd is a cOnallY lirni¢¢d by guaran¢ (no 899572) and register ¢harity (00 264274). governed by its Memornidum alld Arti¢l¢s of A&sociation. Trn8tees: Th¢ Inlee$ thTDughout the year 4nd at the date of signing this repoii who ar¢ also direc¢oTS for the PU of the Companies ACL were: Ms. Antte Greenwo - ApIllIed 27th March 2021. Appoind Vic¢-Chair 1st Jan 2024. Ms. Virginia Karidg¢ - Appointed 27th Mawh 2021. M5. Sèv¢tin¢ Philardeau- ApFM)mt¢d 13th May 2017. Appoititrd intoirn TrAsurer 1st Jan 2024. R¢sigtt¢d 7th Febnwy 2025. Ms. Afua Nkansah.Asamoah . Appointed 2811J September 2021. Resigtted I lth Novernber 2024. Mr. Mark McDonaJd - Appoxtited 23rd November 2022. App)itit¢d ¢o-Treasw¢r 17th J8muary 2023. Rc5igned C0-TrTer and appointed Ch&Trr ¢)n 1st JaDuary 2024. Ms. Michelle DoveQl• - Appointed 23rd November 2022. Resigned I lth November 2024. Mr. Julian Thompson - AplI)led 23Td November 2022. Appoioied Vicelhair 1st January 2024. Resigned 7th February 2025. Mr. Lorenzo Picinall - Appolllted 27th Novwnb¢r 2023. Ap11¢d S¢¢r¢tsry 27th November 2023. Resigned 21st Ocknber 2025. Matthew O'connor. ApAnted 27th Novcmber 2023. Resigoal 31 sv Jllary 2026. Mr. Dan CatrAer- App)itttd 1st Decanbtt 2023. Ms. Susan Cullinan- Appointed 5th Febnwy 2024. Res1cd I lth October 2024. Mr. XavierNicolas - Appointed 12th June 2024. Appointed Tre&wru 12th June 2024. Mr. Zak Jon¢s-Appointed 7th May 2025. Resird 28th Jonuary 2026. Mr. JaJDCS Shh4o- App)iDtcd 7th May 2025. Mr. Cristian Dane- Appointed 1st Decembu 2025. Regl$t¢red Office: Ic Oundle AV* Bushey. Henfordshirg WD23 4. Indep¢ndeDt Exathlner: David Harrf Harrod Neilson & Co; cpatty Atants. 1¢ Oundle Av¢Due, Bush¢y, Hertfortsbire WD23 4QG. Bankers: Lloyds Bank plc. 140 Carnden High StreeL L4>ndoD NWI ONG. Page I
Hlstory nd objertives Wc. the current trte arc'plcased kn give this report oll th¢ activiti¢s of Young Musifj Mak¢rs for the a¢adaDiC year eDdiD8 31 July 2025. The company Young m1¢ Makers tA)ndon Lt& limited by guarantee and trading as Young Music Makers . w&$ incorpotated in l967. YMNI started as an unincor[at¢d busin a f¢w years before thaL YMM was ¢stsblished to etthancc thc musical edUrl0n of cbildrcn by providing the roeans to make musi¢ tog¢tbcr from ao age. It carries out its obj¢¢tivcs by providing a wcekend music tri001 tiiainty for childten bul is open to students of all ages. The school otT¢rs indiv1thl. small and largc group Icssons and organises regular conccrts including Saatrday SlWCa to provide performanee OPPDrtunities in front of supp)rtiv¢ audifflc¢& YMM has a vital part of the Nortb London m$e sccne for over 50 years. We operat¢ on Saturdays in sthool tern)-iime and are based at William Ellis Sthool. Highgatr Roa London NW5. Ill July 2025. our sthdeDts llumbeKed 283. 16 of which were b¢irtg Support by OUT bursary sch¢Tne for children frotii lowcr ittcom¢ fatnili¢s. OrgaD15atioD and governnee Tbe mnagemet team The management and detailed running of the 5cbool is Caled out by the mana8emait team: Musical Director & YMM L£ad Joht) K Mil<4 and School Business Mallagtr Richard Peel. The management tearn woth fvom hom¢ durin8 the w¢¢k and at William Elli5 School on sardayS. The YMM Lead manages lur4 develops musical slrategicq advises the 1rnstexs.on the.musical. dev¢loprnent of YMM. Thc YMM Lead has day404lay responsibility for YMM and works with the S¢hool Business Manager io facilitste the nllwing of the OrgaDitioll iocluding recruimient of tstors." fmallces, timetabling. development and tnaintenanee of vario$ policies the org¥Disation of con¢¢rts. Flnandal gdmlnfstrOon The School Business Mallager (SBM) bas day-to-day rwnsibiliw for fance and for ensuring th¢ payment of tuition fecs by parents and stude¥Lts. The SBM pays and tnonitors getml outgoings iutors. pay adrnÉnislraUon Costs. All payrn¢nts carry supporting do¢um¢nlation. Finallce is proc¢ss¢d using an onliti¢ administratiott sysw My Musi¢ Staft Thc School BusiDtsS Manag¢r and YMM Ltail hav¢ d¢1¢ga fin141 authority for tiatisaclion5 up w ccrfain limits. Larger transa¢tiODS signed off by appointed tnLStees. Our policy is to retain in reserve the equivalent of one temi's fixed operdtitig cost5. The trnstees are %atisfied that the ¢utrent r&wve n)atches thc reserve tsrgeL We moDitor fAnance on an ongoing b&sis. YMM do¢s not ieceivc aDy local autbority fimding and is wbolty dq)¢ndcDt on fee incom¢ and occasional ¢h¥titabl¢ gTaDts donations ty V¢[ th¢ clwity's nming butsan"¢s ond inslnmi¢llt purchases. Pag¢ 2
Trwstees The sts*gi¢ Magement of YMM. the oversight of its fmaD¢ffj the ¥ppoinlmeD( of its IAI aDd Musical Dircctor, and School BUinkn Managcr ond thc 5citiDg of major polici ¥atTi¢d tsut by wuuDÈit¥c of unpaid. volwitary trteeS (who are also the directOTS for the puryoses of company law). Tn1¢¢5 are makDly adult smdents alld1 parnits of children and young pwpl¢ who aTC or. witil r¢¢¢lltly hav¢ becn. studcnts at YMM. or have their own close comiccttons with the school. The tftte are the means by which YMM accounts to paTents and stud¢nts. The chaTity is always looking out for new tntteS so that th¢ board r¢presents the current school population. The D¢W trusiecs were appointed durin8 the Fitwicial Year 2024-2025 and there were four Tesignatson& The truste bring thcir knowled8e and expertise to th"tferent aspects of YMM and organise thernselves into groups coveTin& for example. branding and mwkeling" fundraising. 5afesuarding. and tutor liaison. reporting io the wider board betweeo and during trust meetings. Thc trust8 attcnd YNOA concetts at the end of eath tetm. as well as many of the other smaller, in6tswnErfp0clfI¢ conc0r ld extcrnal cva]LS. Trustee weeting$ The trustee board meets at Icast OD(% a terDJ with tbc YMM Lea(VMusical Direaor and Scbool Busine Manag. M051 of th¢ tnte¢S visit th¢ school eacb Saturday and liaisc with the staff during thc wc& wheTe r¢quired. An Atmua] Genera] MeerADg (AGM) at which the annual accouDts ar¢ rcvicwcd and approv¢d is held each year. uwally in January or Fcbruary. Trnstees are elected througbout the year at Tnjstee meetings. One third of the mLStees are required to retire by rotstion ¢ach yw but may be re-elected. Tutors Tutors, who nwllbeTed 30 in July 2025. are appointed on the recommendation of the Tnanagcrncnt team and in line with YMM'S safeguarding poli¢y. The YMM Lead appraises the early perfoTmance of each new tutor at the end of that tutor's probationary ftyst trrn). ttt addition. atl wtors are Obsced regutarly. All tutors have undergone an Eban£ Disclosure #ttd B8rritig Service (DBS) check and are subject to the charity's saf¢guarding poli¢i¢s. Tutors bave ordine access to YMM policies ld codes of CODduc( which are reviewed aTuJually by the trWt¢. Th¢ YMM Lead. Scbool Business Manager and two 1TUStees are design2t¢d as safeguarding leads, and all trustees take TespotLSibility for the Welfa of YMM sthd¢nt5 and sraff. Junior asslstamts A group of paid young ¥ssiststtts support the management on Saorday4 helping to sct up rrn5 foA' lessons and groups. putting out seating for concetts. and clearing equipment at the end of the day. Any youllg &IELnts under the ag¢ of 16. or of cducation &g¢. arc appoinLd kn a I'owig Work PeTrnit has be grattt¢d from the Bon)ugb of Camden and they have been given manual handling Page 3
The year In revieiv- YMM Izd and MllA¢l DiTtttor'i report tsnn 2024 Chrlstmas Con¢ert5 Two Christmas perforniances w¢r¢ held on the l&st Saturday of the lenn with an audiettee of parents, familles and friends of swd¢nts. Tw¢nty-fiv¢ different YFAM eLsemblu took patt Fundratsing OUT Big Give Cbristmas Challettge Calla18n Ithlich rall alongside the concerts raised £l1.012 ftir the YMM bursary scheme which SUP[rts children and youvtg p¢ople from low¢r in¢om¢ families. terni 2025 Spring CoD¢erts Dwing March 2025 there was a series of SptlDg YMM concerts bel& Tett yOUDg pecole took part ID a soloists. concert featuring multiple diff¢rent iDstsuTll¢nts. Thcy w¢r¢ joiued by the YMM Chamber Group. Ten YMM groups for younger students gave a morning p¢rfornian¢¢ joined by th¢ Jnnovate 2 cnsemblc. Finally. a celebratory ticket¢d evening concert was held with 18 in5mJmeDtsI groups and 4 choirs tskittg pail which rnised approxima*ly £900 (net) towvds th¢ chity's TUIDg costs. Summer ttrni 2025 Summer eonterts YMM ran four concerts in the Summer lem). Over twenty young studenL8 of YfvAM'5 5 piano t¢ach¢rs participated in the piano concrt watched by their families 8nd friends. The InStrmenl eT)sembl¢s split over two different SattY concerts with 24 different groups perfomiing. In a succe%8ful experimeni the choirs perfornied at a separatr 'Courtyard Concert. Joioed by the Cbaxnber Group aod supported by some of the tutors. TRUSTEES. REPORT FOR THE YEAR ENDED 3 1st JULV 2025 Signed on bebalf of the bwd of directors ALD Page 4
Ymhl would again like to thankits incredibk tsam Olluts who conlinucdtoprovide quality luition. with apositive athfyde and endless creativity, embodying the spirit ofihe Ymmfamily. Page 5
YOUNG MUSIC MAKERS LONDON TE INDEPEI¥DENT EXAMtNER'S REPORT TO THE TRUSTE I report on the accounts iyf the company for the year ¢Ddcd 31 July 2025. which are set out on p4g¢s 7 to I I eetive Res n5ibilitses of trnstees aDd txamlner The Tnw¢¢s (who arc also thc Directors of th¢ cornpany for the purpoKs of company law) arc rcspoDsible for tbe prepa(arion of the accoullts. The TDJstees consider that aD audit is not required for thRs year under StiOn 144 (2) of the Charities Act 2011 (the 2011 Act} and an inde4)endent examination is needed. Having satisfi¢d myself that the charity is not subject to audit under compatty law and is eligible for independent examinatsO it is my responsibility to: examine the accounts undpx sectiOD 145 of the 2011 Act to follow th¢ pr(K¢dU ]aid doivn in the geDeTal DiTectiOn5 given by the Clwity Commission under se¢¢ion 145(5)(b of the 2011 Act. and st#t¢ whethtt particular motters bave come to my attcntion. of llld ende t ¥MIner'S R My examination was carri out ill x¢Ord¢¢ with thc g¢n¢rJl Direction given by the CEEarity ComrnisSiOD. An ¢xamittatio# in¢lud¢s a review of the a¢counliDg retords kept by tbe charity and eotnparison of th¢ accounts prescnted with those reconls. It also includes eonsideration of atly unusu41 items or disclosures io the accounts. and sccking explanations frorn you as Trust$ concerning any sucb tt5. Thc procLdurcs undcrtakcn do not prov4dc oll the cvidcnoc that would bc rcquirod in an audit and COn8equeDdy no opinion is givrn as to whdhcr the acmts prc5cnt a'ttu¢ and fair vi¢w' and th¢ twort is limii¢d ty thos¢ matters set out in the ststrmeni below. Ind endent Examlner's Sta¢emeiit ]n cotmection with my exarninatioffj no matter bas COJDe to my att¢DtioD" (i) which gives me rettable cause to believe that ill any mataiai respect the Tequirernts.. ro keep acu)unting recoTd5 in accordaDC¢ with Sedion 386 of th¢ CompaDies Art 21M)6" 8Dd prepar¢ accounts which accord with the accounting re[d4 cotnply with the accouatiog requirements of SKtion 396 of th¢ CornpaDics Act 2006 alld with the mcthods alld prio¢iples of th¢ Stat¢mcnt of R¢comm¢t)d¢d Ptactice: Accounting and Rcporling by Charitics. Hav¢ not been m¢t' or {2) whith. in my r4)inioD. attention sbould be dr8wu in order to elloble a pn)per understanding of the accounts to be avi Harmd NcilsoD & Com Ic Ouodle Avenue Bush¢y HerLS WD23 4QG Page 6
UNC MUSIC MAKERS LOND N LIMITED STATEMEiYf OF FINANCIAL ACTIVITIES F R THE YEAR ENDED 3A JULY 2025 NOTE R¢Strirt Unrestrithd Tot21 2024 Ineome and Expendityre Income resources Adivities An fllrth¢rni of the chatity's objects Pupil fees and levie5 224.617 224.6187 233.534 Intcrest received Donations Suudry Ittcome 1.364 1,454 1.364 12,375 1.239 17,353 10921 Total Ibcomln% r¢Vr¢e$ R¢soutces ¢xp¢nd¢d Charitable expenditte Activities in fillth¢tanG¢ of th¢ dwi"ty'S Objects 11.012 205.818 216.830 218,132 Total resoHr¢es upeudtd 237 248 Ll 63 249 195 TDtome (Defilit) for the year (91) (7.042) (7,133) 4,897 FuDd5 brought fonvard at l AugiL8t 2024 87 465 82 Funds can*td forivard at 31 Jvty 202S The notes on pages l O to I I fornj part of these accounts. Page 7
YOUNG MUSIC MAKERS LONDON LIMrrED BALANCE SHEET AT 31 JULY 2025 NOTE 2025 2024 Flxed Assets T8Dgibt¢ rtxcd ats Current Assets Fee D¢btors at b8llk 4J05 83,080 91.413 Creditors: AmDIIDts f•lllng due wIthIM one year Sundry CreditOTS 752 Net CurreDt Assets Total Assets less Current Llabllldes Fund$ Restri¢t¢d 22.958 23.049 41 In th¢ opinion of the directo thc Cotupany is entided to tbe ex¢mptiOD uteT Section 477 of the Companies A¢t 21Y)6. Thc mcrnbus have L(X th¢ cornpany to obtain an audit in accordat)cc with Section 476 of th¢ cornpani Act 2006. Th¢ dirxtots acknowledgc thcir rcsponsibijirics for ensuring that the cOmY kCq accounting TecoTds wbicb comply with Section 386 of the Cornpalli&4 Act 2006 and for PTepariDg accounts whith give a true and fair view of the state of affairs of the company &8 at 31 July 2025 and of its profiL OT for th¢ financial year in ordanCe with the requirem¢nts of S¢ction 396 of th¢ Con4w¢s A¢¢ 2006. and which otherwise comply with th¢ quirements of that Act relating to so far as applicable to the company. rhefinaneialsialements. Ivhich have be4VaTed in accorduncL with the specialprovisEQllS reloting to companE&¥ subject to the small companies regtme within Part JS of the coryani Aci 2000. were approved by ihe Board on 25 Febnthpy 2026 andsigned on its behalf Z41,./uL ai TREASiIRER XAVIER NICOLAS CHA The Not on pages 9 to I I fonn part of these accounts. Pag¢ 8
SI ]YDON LIMITED NOTFS T FINANCIAL STATEMENfs F R THE YEAR ENDED 31 JULY 2(12 I. STATUS OF COMPANY Young Musi¢ Mak¢ff London Limited is # compÈny regisfered in Eogland and Wale4 limited by gumrnitee and not having 8 share capitsl. Ii is a rtg1Sed charity IS Dot liable th direct UK Tation on its th4Titabl¢ a¢tiviti. 2. ACCOUNTING POLICIES B¥sis of Preparatio The fanCIal statements have been preparnl in accordanix with A¢counting and Reporting by Charities. Starnent of Rccornmended Practice applicabl¢ to cban.ties prq)aring their accounts in accoTdan¢e with the Financial Reporting Standard applicable in the UK and RUbliC of treland (FRS 102) (¢ffrdiv¢ l January 2015) and the Compa1¢5 Act 2(N)6. The financial 5tai¢m¢nts have been prepared under the bistorical cost convwio Pupil fees and levics aJe rccogni5cd in the StatcrneDt of Fittan¢i41 Aaiviti¢s in thc puiod to vAu"ch they relate. Exptndithre Expellditure is allocated direcdy to either Direct Cbaritsblc ExpwKlirur¢ or Managemeni aod Administralion whcrevcr possiblL Common costs are allo¢ated on a basis which sccms rcasonablc ID accordance with the nature ofthe expen Dfjr¢¢¢ Charitable ETpenditu DArt¢t chariiable cxpcnditure reprcscnts cxpcnditwc dir¢¢¢ly on the organisation's chatitable objKtiv¢s of filltheriDg childreDS' ml£al ethication. Mahagement athd Admlttlstrallon Management and adminislrntiOD costs relate to the costs of comptying with legal obligah.ons or thitust¢rillg th¢ organisation and d118 with th¢ finrIal matters. DepTttlatlon Fix¢d Assets acquired for th¢ use of th¢ tharity are depreciated at rnt¢s cal¢ul4ted to wtiie off their costs over the estimated us¢ful liv¢s. The rates applied are: Office Equ5pment 25•h on vrritten down value Musical Instnunents are WTitten off to Income and expenditure in the year of purchase. Fund Accounting Unrestricd fullds repres¢ni those monies available ory the charity's objeclives. Restricted filljds are funds which are to be used in accorthce wxth specific restrictions imPO8e41 by doni>rs or which bave been raised by the charity for particuiar putposes. Pa8¢ 9
YOUNG MUSIC MAKERS LONDOIY LIMrrED OTES TO T EFIN CIAL STA EMENTS FOR THE YEAR ENDED 31 JULY 2025 eontd 2. TRusfEES No trtle¢s received 8Dy remuo¢ration or reimburs¢meDt of expeDS¢S inctstred in the course of thities as tnjstees [20 £Nil). The childrn) OrtntteS atteod classes the same trrnis &$ 811 other children. 3. TANGIBLE FIXED ASSETS oirie¢ Eqllipment Cost At I" August 2024 Additions 1,948 At31"Juty2025 DepTeciation At 1$¢ August 2024 Cbarge for the year A(31$1 July 2025 Net Book Valu¢ Ai 3151 July 2025 AI 31# July 2024 4. PURPOSE OF RESTRICTED FUND The putP05e of the rcstrirtcd fuDd is to provide butWi&% to nedy pupls. S. AVERAGE f4uMBER OF EMPLOYEES The 8ver4g¢ numb¢r of persons ¢mployed by th¢ company was 2 (202¥3) Page ICI
YOUNG MUSIC MAKERS LONDON LIMITED TE TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 6. ANALYSIS OF LKPEI¥DrruRE 2025 Total 2024 Total Tlliors. fees J45.816 148.776 PrtDtit)g. Postage & Ststionery Rent 21.(KKJ 20.952 CleaniDg Telephone 782 499 ]n$urance 2.387 Adrninistrdtion Fees 59.484 58.660 ProfessioTui Feeg Independent Examillers Fees 12lJ) 121M) Concert experuses 1.377 2.950 Website & Marketing 1,126 443 Mlca] ]nstrum¢nts 2.074 1,703 Sundry Exp¢n 567 Relockn"on Expenses 904 .IT Subscrloions 725 724 Training 234 Pupils fees (Kstrict¢d fimd) Pag¢ll