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2024-03-31-accounts

Annual Report & Financial Statements for the year ended 31 March 2024

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NYJO Under 18s | Woolwich Works © Shona Louise
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THE NATIONAL YOUTH JAZZ ORCHESTRA LTD A COMPANY LIMITED BY GUARANTEE Company registration number: 01334250 Charity registration number: 274578

Table of CONTENTS

1

Reference and Administrative Details

3

Trustees' Report

25 27

Statement of Trustees' Responsibilities

Independent Examiner’s Report

30

Statement of Financial Activities

Balance Sheet 33 Statement of Cash Flows 36 Notes to the Financial Statements 38

Miles (NYJO Emerging Professional drummer) | Milton Court Concert Hall © Taylor Hylton

NYJO ANNUAL REPORT 2023-24

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Reference & Administrative Details

Chair (Interim)

Projjol Banerjea (appointed as Interim Chair on 15 August 2023)

Deputy Chair (Interim)

Paul Boniface (appointed as Interim Deputy Chair on 15 August 2023)

Trustees

Janet Campbell Simon Cooke (appointed 1 August 2023) Nikki Iles BEM (resigned 22 February 2024) Alan Ridgeway Patricia Sibbons Cindy Sughrue OBE Andy Grappy (appointed 19 January 2024)

Secretary

Alan Ridgeway

Principal Office

The Fireworks Factory, 11, No 1 The Street, London, England SE18 6HD

Company Registration Number

01334250

Charity Registration Number

274578

Independent Examiner

Westlake Clark Audit LLP, 7 Lynwood Court, Priestlands Place, Lymington, Hampshire, SO41 9GA

NYJO Under 18 double bassist | Ronnie Scott’s Jazz Club © Mon ika S. Jakubowska

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Trustees' Report

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (effective 1 January 2019) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom (FRS 102).

Objectives & Activities

Principal Activities

The company's principal activity during the year continued to be the promotion, maintenance and advancement of jazz music education. The company is a company limited by guarantee and is a registered charity.

Charitable Aims & Activities

The principal activities are achieved through a programme of professional development for Emerging Professional musicians aged 18-25, and a Learning programme for younger musicians. The Emerging Professionals programme provides rehearsals and performance opportunities, masterclasses and workshops, educator training and other professional skills courses for nearly 150 musicians. Our Learning work includes NYJO Under 18s, a weekly Saturday jazz programme for 14-18 year old musicians at Woolwich Works; nationwide Widening Access partnerships with regional Music Education Hubs and schools; NYJO Network, incorporating lightertouch workshops alongside a Continuing Professional Development (CPD) network for educators; and a programme of activity for our local south-east London community.

NYJO is a community of young performers and project participants, audiences and promoting partners, educators and artists, trustees and administrative staff. We value all who work with us and are grateful for the dedication that everyone at NYJO shows to improving opportunity for, and sharing the love of jazz with, young people nationwide.

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Structure, Governance & Management

The governing document is the Articles of Association. The trustees delegate the dayto-day running of NYJO to its CEO with trustees providing additional support in line with areas of expertise. New trustees are recruited via open advertising and interview. The Senior Leadership Team & employees are remunerated in line with market conditions and affordability, according to their individual skills, experience and responsibilities. NYJO also benefits from the skills of the many music ‐ orientated charities, education partners and freelancers that form our extended community.

List of Trustees for the Period

Projjol Banerjea (Interim Chair) Paul Boniface (Interim Deputy Chair) Janet Campbell

Simon Cooke (appointed 1 August 2023)

Andy Grappy (appointed 19 January 2024)

Linda Laszewski Hill (resigned 22 May 2023)

Nikki Iles BEM (resigned 22 February 2024)

Baroness Denise Kingsmill CBE (appointed 1 April 2023, resigned 12 August 2023) Alan Ridgeway

Patricia Sibbons

Cindy Sughrue OBE

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NYJO Under 18s Ensemble with Winston Clifford | Regent’s Park © Taylor Hylton
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Charitable Activities

Emerging Professionals

During this year, the musical content, ensembles, breadth of training and artistic leadership offered within our Emerging Professionals programme has continued to broaden and diversify.

NYJO Big Band Projects

Tommy Blaize & NYJO Present: The Music of Ray Charles The year started with the latter half of a tour with Strictly Come Dancing star Tommy Blaize, celebrating the music of Ray Charles. Nationwide performances included Usher Hall Edinburgh, Poole Lighthouse, Stoller Hall Manchester and a performance for a capacity audience at our home venue of Woolwich Works. Advance publicity for the show included TV coverage of the project on ITV, Channel 4 and the BBC (on the much-coveted publicity slot of BBC Breakfast) bringing our work to a huge, national audience.

Lisa Simone: A Daughter’s Tribute to Nina Simone During a rare visit to the UK, Lisa Simone joined NYJO for a programme celebrating her mother Nina Simone’s life and music. Performing for a sell-out audience at Cadogan Hall, we were fortunate to work with Lisa and Musical Director (MD) Cassie Kinoshi over several weeks, exploring the music, stories and legacy of a woman whose music is part of the jazz lexicon.

NYJO Emerging Professionals | Cadogan Hall © Taylor Hylton

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Nikki Yeoh & NYJO Present: Speechmik X-Ploration

This long-planned collaboration with pianist Nikki Yeoh was based on an initial grant from Arts Council England’s Covid Recovery Fund, enabling us to revive Yeoh’s 1997 work ‘Speechmik X-Ploration’, which explores themes of inclusion, language and community, and commission a new partner work for the same forces. The resulting work, ‘Nucleus’, was inspired by the essential influence of educators, particularly Yeoh’s own teacher and mentor, the legendary Ian Carr.

Refreshing and expanding the visual graphics for ‘Speechmik X-Ploration’ for today’s audiences, and commissioning new visuals for ‘Nucleus’, Bret Syfert (Hyde’s Lovelies) worked closely with Nikki Yeoh to design a new visual narrative for the project, which responds in real-time to the performance. Syfert’s designs fizzed with life and colour, delivering a new, engaging audience experience. Further amplification of his designs gave project marketing a fresh, distinctive edge.

I loved every single gig we did related to this project, particularly having another chance to play at Ronnie Scott’s [Jazz Club]. The only times I've played there have been with NYJO, and it’s honestly so great to get the opportunity. Rianna Henriques, NYJO flautist and arranger

Playing in NYJO, and learning from Nikki Yeoh and Mark Armstrong together, is definitely pushing me to develop both my playing and stage presence. I feel very fortunate to have the opportunity to play in a larger group and to meet so many talented players, as well as composers and arrangers. Collaboration across art forms is something that I’m interested in doing more of in my career, so seeing the visuals develop and come together with the music over the course of this project has been particularly exciting.

Hani Elias, NYJO bassist

For NYJO musicians, including a specially-recruited new string section, this project provided a proliferation of new opportunities, including Research & Development weekends working with Nikki Yeoh, sectional rehearsals providing in-depth technical and musical explorations of the demanding music and opportunities to assist on AV production. Exciting performances at Milton Court, as part of the London Jazz Festival, and Ronnie Scott’s Jazz Club precede a national tour of the project early in 2024-25.

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NYJO Small Band Projects

A significant developmental focus for our Emerging Professionals programme this year was an increasing diversification of the size and type of ensembles that we support, both by creating new ensembles from amongst our membership and by supporting our members’ own existing ensembles.

A strong partnership with our home venue Woolwich Works provided numerous performances for these smaller ensembles, with gig highlights including Asha Parkinson’s Kalpadruma, George Garford’s Ideasthesia and the Olivia Cuttill Quintet. Under the banner of our ‘Jazz Nation’ programme, Olivia Cuttill’s quartet went on to enjoy a nationwide tour including The Spotted Dog Birmingham, Northern Quartet Huddersfield, Chalkwell Rooms Southend and Hyde Park Bookclub Leeds. We are delighted to be cultivating new partnerships with venues across the UK to enable us to give an increasing number of opportunities and platforms for these artists.

NYJO Latin Collective

In tandem with diversifying our ensembles, we have broadened our repertoire and creative focus. This work is very much ongoing, and our future plans will take us into new and exciting territory, but it was a joy to see the musicians in our Latin Collective immerse themselves in everything from Salsa sounds to Afro-Cuban Jazz. Initial mentoring and leadership from Latin specialist Sara Dhillon resulted in performances at Soho’s Spice of Life and Ronnie Scott’s Jazz Club by a flexible group ranging from 6 to 15 musicians; now led by members of the group, the Collective will continue to perform throughout 2024-25.

Professional Development

Professional development and training form a central part of NYJO’s offering to our members, from workshops with visiting guest artists such as Wayne Escoffery, James Allsopp, Shirley Smart, Michael Mondesir and Squarepusher, to a broad base of nonmusical training. This training includes educator training, providing hands-on experience assisting and leading elements of our Learning programme; ancillary skills essential to a freelance career, such as fundraising and finance; and offering non-musical professional development, including sessions on Diversity, Equity and Inclusion, gender identity, neurodiversity and creating safe spaces at work.

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Mark Armstrong, Head of Music

This report would not be complete without an acknowledgement of the significant change to NYJO’s artistic leadership which came at the end of the year, and a celebration of all that Mark Armstrong has brought to the charity – first as a member, later as an assistant to the MD, then as Artistic Director for a decade before a final two years as Head of Music. Mark’s dedication to NYJO, supporting, challenging and inspiring; composing, teaching and directing will all live long in the memory. A generation of jazz musicians, many of whom now have high profile performing careers, owe Mark a debt of gratitude.

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Mark Armstrong & Tommy Blaize | Stoller Hall © Duncan Wood
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Recruitment

NYJO’s quest to serve the whole country, and to be a welcoming home to all aspiring young musicians, means that we continually re-evaluate how we attract young musicians to our work, and where we find them. Over the last five years we have moved away from formal auditions to offering taster days and open rehearsals to all who can benefit from our work. This year has seen the first of our University Jam Tours, taking Emerging Professional ensembles across the country to universities to talk about our work, advertise the opportunities that we offer and enjoy jam and performance opportunities with local students. In tandem with new funding for travel bursaries, ensuring that our work is accessible to all regardless of location has enabled us to strategically broaden our membership base and ensure that we have national reach and impact.

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Learning

NYJO Learning is a series of programmes designed to serve our members, our local community and national partners. We provide opportunities for talented young secondary-school aged musicians to develop, regardless of prior experience or opportunity, working to ensure that more young people can grow, learn and discover their love of music. Our priorities are to offer an equitable, excellent programme that has inclusion at its heart and makes a strong, sustainable impact, both locally and nationally. During this year we have successfully diversified our engaged participants by broadening both the music on which we focus and the learning techniques that we employ, making us more accessible and enabling us to serve more young people. We place as much value in the learning process as the final outcome.

NYJO Under 18s

The breadth of musical styles and formats in the UK jazz industry today is now reflected in our Under 18s programme, including its two core Saturday groups:

Under 18s Ensemble, led by Winston Clifford prioritising the development of key skills such as improvisation and aural skills, working predominantly without music and incorporating vocalists by using the voice as an instrument.

Under 18s Band, led by Olivia Murphy experimenting with the modernisation of the Big Band genre, incorporating creative composition projects.

Under 18s Band with Olivia Murphy | Woolwich Works © Shona Louise

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The Under 18s is broader than the two core groups, and also consists of:

The Jack Petchey Scheme, in which members vote for awards for their peers for outstanding achievements or contributions to the group.

Masterclasses with Callum Au, Joe Browne, Nicola Chang, Helena Debono, Andy Grappy and FLOetic Lara.

A strong youth agency programme, in which members have written their own Handbook, have led Open Days for prospective members and supporters and have contributed to a film exploring programme values.

Opportunities for older members to perform with our Emerging Professionals at festivals, to perform as part of First Time Jazz, a band delivering interactive schools’ gigs, and to begin their training to work as Educators on NYJO’s programmes.

Gigs at Ronnie Scott’s Jazz Club; with the JMI Youth Big Band at JW3; Regent’s Park Festival; at Woolwich Works and other local venues as part of the Woolwich Christmas Festival; in Leicester, supporting a Second Line project with local Widening Access participants led by Vij Prakash; and tuba projects for older members at Cross The Tracks and We Out Here festivals led by Andy Grappy.

For me jazz has been really important because it’s let me express myself in a way that I can’t explain. I’m autistic which means that I can really struggle with social situations and talking to people […] But when I’m playing and when I’m improvising, it’s like me cutting my brain open and letting you all see inside at how everything works […] That’s my way of communicating with people, through playing and through music. It’s really important for me – it’s been an absolute lifeline.

NYJO Under 18s musician

Wow! What a great opportunity! I feel really lucky that we found NYJO, and so excited for Tom that he gets to benefit from this experience and potential future experiences. Member’s parent

Since joining NYJO I’ve been pleasantly surprised by how much I’ve been challenged and cannot wait to become more a part of such a talented group of musicians. Thank you! NYJO Under 18s vocalist

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During the year, we have made it a priority to continue to pursue a proactive recruitment policy for our Under 18s programme, prioritising places for participants who are Black or Brown, are from low income families, live in our local borough or have limited access to other participatory arts opportunities. This has enabled us to ensure that we always have places available for those who have traditionally encountered access barriers, who have previously felt that our programmes are not for them, and who derive the greatest benefit from our work.

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NYJO Under 18 saxophonists | Ronnie Scott’s Jazz Club © Mon ika S. Jakubowska
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Woolwich Community Work

Resident at Woolwich Works since 2021, the NYJO Under 18s programme and our Emerging Professionals’ rehearsals and training all run from the venue on a weekly basis. From the outset, we set out to create meeting points with the local community alongside this, and now have an active community programme which includes:

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NYJO Holiday Projects operate four times per year, in the three school half-terms and with a longer August project. Each project has both a social and musical focus, from increasing the numbers of girls and young women engaging in jazz to exploring key skill development. The highlight of this year was a collaboration with local artist collective Steam Down, which gave local young people the opportunity to engage with some of the most exciting London jazz musicians on the scene today.

Our new Sound Foundations programme is the result of of two years outreach and partnership building in local secondary schools. The programme brings group brass tuition to schools, with tuition delivered by our Emerging Professionals mentored by Andy Grappy to develop skills in teaching, workshop leadership and around engaging with and relating to young people in participation settings. For the project, instruments are given to the pupils to keep, so long as they attend weekly lessons and regular practice at home. The launch year for this programme has established new partnerships with Woolwich Polytechnic Schools for Girls and Harris Academy Greenwich, with further schools to join the programme next year.

For the first time, our community work in Greenwich has provided us with the opportunity to work outside the youth sector, building our presence with people across the community to ensure that we are known as a safe and welcoming environment for their young people. Our individual collaborations with Age UK, developing a community choir at the Sherard Road site, and Greenwich Carers have enabled us to serve our community whilst also broadening the skills and training that we offer to our Emerging Professionals, who lead the project.

I want to widen my teaching experience agewise as I’ve always worked with young people, so working with older people has been a great learning curve for me. Emerging Professional, Choir Leader

NYJO Holiday Project June 2023 | Woolwich Works © Taylor Hylton

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Widening Access

NYJO’s Widening Access programme embodies all that NYJO stands for – working nationally, in partnership with other organisations to support and enhance their work, developing strategic interventions to remove barriers to access and make participation in jazz widely available. During this year we have been fortunate to maintain close partnerships with some long-term collaborators and to develop work with new partners in regions where we have previously not delivered long-term, indepth work. During the year we have delivered in-depth programmes of work in Humberside, Lancashire, Leicester, North Lincolnshire, the North Kent Coast, Rhondda Cynon Taf and Essex.

North-West Jazz Futures

To tackle a serious post-pandemic reduction in instrument learning and band participation, Lancashire Music Service asked us to work with them to create a programme to inspire engagement and encourage new learners to take up instruments. Together, we devised Jazz Futures, a new ensemble of creative young musicians from the region, keen to develop their own musical skills whilst sharing their passion for music with others.

Led by NYJO Educator Joe Browne, and mentored by a team of students from Leeds Conservatoire, the band of players aged 17-19 delivered an exciting performance tour to inspire the next generation through gigs at jazz festivals and Primary schools across Summer 2023. The project was successful in:

Developing improvisation and arrangement skills.

The long-term impact on recruitment to our Lancashire partner’s programmes remains to be seen, although early signs are that there is increased awareness of and interest in their programmes and our partners are keen to develop further joint projects to benefit the full range of the young people that they serve.

At NYJO, we believe in the power of music – as a form of self-expression, as a way to develop the skills needed to work as a team, and for the joy that music can bring to players and listeners. In general, our members are lucky, talented young people who have had the opportunity to start learning an instrument early in their childhood. But we know that many young people are not able to access these opportunities, whether that’s due to financial circumstances or a lack of inspiring musical role models. We therefore work to develop first-access projects designed to show young people that it’s never too late to start playing an instrument.

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First Time Jazz – Summer 2023 North Lincolnshire and Essex Tour

First Time Jazz is a schools' tour showcasing jazz and jazz-inspired music for secondary school pupils aged 11-16. In summer 2023 the project toured to six North Lincolnshire and two Thurrock schools, all in areas of low cultural provision, reaching school audiences with little or no experience of live music making. Each event consisted of a 45-minute performance, followed by an optional jam where any local instrumentalists were invited to join the band.

First Time Jazz band members were selected for their ability to inspire young people, and to reflect the audiences, ensuring that young people can see themselves represented on stage. The small ensemble, led by the brilliant FLOetic Lara (Band leader & Vocals), worked collaboratively to choose accessible, enjoyable repertoire that enabled them to contextualise jazz socially, culturally and historically. It included pop arrangements like Amy Winehouse and Corrine Bailey Rae alongside jazz classics and beautiful solos to showcase each instrument.

Across the two weeks, the band performed to a total audience of around 1,400 school pupils. Performing to young people with limited cultural access, we created moments of inspiration and ignition: 56% of attendees expressed interest in going on to learn an instrument, and they will be supported to do so through their schools and local educators.

First Time Jazz is a hugely important part of NYJO's Learning programme, representing a central part of our national, first-access offer whilst also providing a key training opportunity for our Emerging Professionals, for whom it is a demanding but incredible rewarding programme of training and performing.

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FLOetic Lara (NYJO Educator) | First Time Jazz schools tour © Taylor Hylton
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NYJO Network

The NYJO Network is our opportunity to work outside our long-term partnerships, developing new relationships, offering lighter-touch programmes of work from single jams to short schools’ projects, and operating a CPD network for educators across the country. We bring people together to share best practice, support with challenges and identify opportunities for collective advocacy and activity.

Network activity this year has included family events at Cross the Tracks and We Out Here festivals, a series of workshops with Soundskool, and NYJO +You workshops, raising awareness of and training educators to use our free digital learning platform.

Fundraising

NYJO exists to serve a breadth of people and communities, but we in turn are supported by a huge number of individuals, corporates and trusts. This year marked the first of our new Arts Council England National Portfolio Organisation grant: the requirements of that grant to deliver in a strategic accessible, ethical and impactful manner have challenged us to think carefully about our output and impact across all areas of our activity, to both organisational and beneficiary benefit.

Trusts & Foundations

UP from £135,000 in 2023 to £185,000 in 2024

We’re grateful for all of the support that we receive, but must particularly acknowledge the Peter Sowerby Foundation’s grant of £150,000 at the start of this year. This two-year investment in core costs has enabled us to make investments in our administrative infrastructure to increase efficiency and has funded instrument purchases to enhance beneficiaries’ experience. Furthermore, it has enabled us to improve pastoral care for members. The creation of a travel bursary to fund national travel for participants enables us to engage young people from across the country in our projects, making progress towards reducing geographic barriers to access. Similarly, a late-night travel fund to ensure safe travel after gigs has been significant to enabling us to ensure that participants’ experience working with us is always enjoyable and safe.

Individual Donations

Following a significant increase in individual donations during 2022-23 (from £97,000 to £157,000), this fundraised income has settled at just under £125,000. We’re delighted that following some one-off gifts last year, our donors’ regular giving has continued to grow and we look forward to working closely with these donors in the years to come.

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Legacy Giving

Following the remarkable legacy gift left to us by Anthony Frank Bracegirdle, recognised in our 2023 accounts, we have continued to market our Legacy Club and encourage donors to consider how they might remember NYJO in their wills. The Bracegirdle Legacy provided significant stabilisation for NYJO, enabling us to invest in our activity and plan for the future with confidence. It means that we can communicate with donors with certainty about our future, knowing that further bequests will sustain and develop our work to the benefit of young people for many generations to come.

Investments

During the year we have appointed an investment house, Rathbones Wealth and Investment Manager, agreed an ethical investment policy and implemented good practice balancing the investment and expenditure of The Bracegirdle Legacy. We are mindful that this bequest of £1,150,000 must be used both to ensure our long-term financial stability and for good charitable purpose.

Staff

In September 2023 we were incredibly sorry to say goodbye to Debbie Forwood, Head of Development. As one of NYJO’s longest-serving members of staff, Debbie had worked across all areas of our activity, but principally in Communications and Development. Her forensic approach to strategic relationship building, carefully crafted bid writing and knack for pithy project titles is much missed!

Our new Head of Development, Lauren James, has over 13 years of experience in the voluntary sector, and has successfully raised c.£10 million for charities to date. Her expertise encompasses diverse fundraising streams including Trusts and Foundations, community fundraising, corporate partnerships and major donors, and she has extensive youth project development and management experience.

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Susie York Skinner
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Finally, at the time of putting together this report, we have learnt that after three transformational years at the helm of NYJO, Susie York Skinner will be stepping down as Chief Executive in the summer of 2024. Although outside the bounds of the present financial year, we cannot miss this opportunity to celebrate Susie’s inspirational leadership through a challenging post-Covid period. We know just how fortunate Gabrieli are for her to return as Chief Executive, and cannot thank her enough for her service.

Cassie Kinoshi with NYJO Emerging Professionals | Cadogan Hall © Taylor Hylton

We wish to thank the following individuals whose generosity makes NYJO possible:

Chair’s Circle:

Artist Sponsors:

Gold Friends:

In loving dedication to Taeko Oliver Graham Pimlott

Ted Rockley

Michael Hockney

and all our Silver and Bronze Friends.

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Marketing & Communications

NYJO’s communications now focuses strongly on putting our members and participants at the heart of our output, ensuring that their voices, successes and passions shine through when we describe our activity.

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Marketing Material | Nikki Yeoh & NYJO Present: Speechmik X-ploration © Bret Syfert
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Throughout the year our Communications function has drawn focus on the range of work that we deliver. We highlight participants’ stories and celebrate new projects and initiatives, as well as supporting our partners by expanding audience and participant reach, and driving ticket sales and event attendance. The variety inherent in our project planning has inspired new opportunities to explore how we publicise our work, notably so in the case of our Nikki Yeoh collaboration for which the visual commission provided new ways to connect the public with project content, giving a distinctive edge to those project communications. During Black History Month our high-profile London performance with Lisa Simone provided a foundation for us to celebrate the theme Celebrating our Sisters by commissioning a series of features by Yewande Adeniran on Black Women in Jazz.

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Board Appointments & Retirements

During an extended Chair recruitment search, NYJO’s Board of Trustees has been led by two members of our board, Projjol Banerjea (Interim Chair) and Paul Boniface (Interim Deputy Chair). Together with all of our trustees, they have provided challenge and support to the Chief Executive, Susie York Skinner, and her team.

During the year, there have been three retirements from the board:

In autumn 2023 we were delighted to mark Trustees’ Week with the announcement of a new trustee appointment, Andy Grappy. We are excited to be working with Andy, an inspirational musician and educator whose career defies boundaries, who works with the leading artists and jazz education organisations and has developed groundbreaking new initiatives such as the resource JAMation and the LSO’s ‘Next Generation’ project.

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Nikki Iles (left) & Andy Grappy (right)
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Financial Review

The 2023/24 financial year ended with a Net Surplus of £86,719 which increased our Total Funds at 31 March 2024 to £1,381,500.

As reported last year, our funds received a significant boost in 2022/23 from an extremely generous legacy of £1,150,000 from the Anthony Bracegirdle Estate. £860,000 of this has been received from the executors and invested with our fund manager, Rathbones. The balance of £290,000 consists of two commercial properties valued at £240,000 and £50,000 of cash. It is expected that the properties will be transferred to us shortly and the remaining cash will be received once the executors have finalised the estate.

The £860,000 of invested funds had already grown by £81,630 at 31 March 2024, which largely explains the £86,719 Net Surplus in the year. This growth in the investment has been transferred to the Project Investment Fund which now stands at £481,630. This fund is to support a maximum of three projects each year over a ten to fifteen year period. These project investments would be for either:

We did not draw on the fund in the year ended 31 March 2024, however we expect to spend approximately £30,000 from the fund during the current financial year on three projects, each of which will be specifically designed to remove barriers and increase access to our work.

Our fundraising this year was broadly in line with 2022/23, excluding the Bracegirdle Legacy. We did see a reduction in our income from Charitable Activities which was mainly due to reduced concert activity as a result of staff changes and difficulties in recruitment for our Emerging Professionals’ team. A corresponding reduction in expenditure on concert activities was part of a larger reduction in expenditure on Charitable Activities, caused by reduced partnership work with our Music Education Hub partners during the DfE’s hub restructure programme.

Orchestral Tax Relief still represents a significant source of income for us, amounting to £64,608 in the year. The rate of relief remained at 50% in 2023/24 and will continue at 50% until 31 March 2025, after which it will reduce to 45%.

Overall the charity remains in a strong financial position with our pipeline of funding and the Project Investment Fund giving us the confidence to plan our projects for the next 12 months and beyond.

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The Numbers & Public Benefit

The trustees have had regard to Charity Commission guidance on public benefit and believe that NYJO's prime contribution to the public benefit arises from its principal activity of jazz education.

In the year in question, NYJO delivered just under 60 public performances, incorporating 13 big band performances, 7 ensemble performances (sextet to dectet) led by professional artists (Tony Kofi and Mark Armstrong) and nearly 30 youngartist-led small ensemble gigs.

Our live concert audience reach across the year is estimated to be a total of 7,000 people. Our largest single concert audience was 953 people for our show with ‘Lisa Simone, A Daughter’s Tribute to Nina Simone’, at Cadogan Hall in London. The final dates of our ‘Tommy Blaize & NYJO Present: Ray Charles’ tour took its combined audience to 3,411 including 515 people at Woolwich Works. In total we worked with 143 Emerging Professional musicians across the year – a huge increase from last year’s 95, demonstrating the success of the post-pandemic shift to working with a larger pool of musicians rather than a fixed Chair-holder system. We engaged 40 freelance creatives, mainly guest artists and educators but also audio-visual designers, sound technicians, spoken word artists and trainers.

During the year our Learning programmes consisted of 221 sessions delivered to 3,142 people and included the following performances and public events:

We also offered educator and workshop-delivery training to 40 of our Emerging Professionals as part of our training and Learning programme delivery.

There were over 20,880 known interactions with social media content and estimated listenership of 2,500 people for radio broadcasts featuring our staff talking about projects. Our online reach included:

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Risk Management

The trustees recognise a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. We maintain a Risk Register of the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate our exposure to these risks. During the year, such risk areas were deemed to be:

Fundraising: acknowledging the increased pressure on all sources of charitable funding, post-pandemic and during a Cost of Living crisis.

NYJO’s detailed Risk Register attaches weighted numerical estimates of risk to each identified factor, enabling trustees to ensure that NYJO continues to operate securely. The charity does not engage in any fundraising activities that put vulnerable people and others at risk from unreasonable intrusion on their privacy, unreasonably persistent approaches or undue pressure to give; this includes any fundraising carried out on the charity's behalf by third parties. No complaints have been received about the fundraising activity of the charity during the year.

Plans for the Future

At the close of the 2023-24 year, NYJO’s Senior Leadership Team were moving forward with an exciting re-structure that will see our Emerging Professionals and Learning programmes brought into closer alignment, ensuring that learning, training and development are at the heart of everything that we do. Our activity will, in future, operate within one single NYJO Programmes department, led by a Head of Programmes, Vikki Maudave (previously Head of Learning). Following a six month consultation period, which sought feedback on plans from our members as well as Trustees, Guest Artists, staff and sector leaders, NYJO Programmes will:

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At the time of writing, we are already seeing the benefits of increased collaborations between our Learning programme participants and Emerging Professionals, and the greater breadth of music programmed is attracting both new participants and artists to our work, including Cleveland Watkiss, Steam Down, Levitation Orchestra, YolanDa Brown, Theon Cross and Moses Boyd. We are delighted that Winston Clifford and Olivia Murphy have accepted roles as Resident MDs, building on their existing work with the NYJO Under 18s, and look forward to announcing further appointments in autumn 2024, ensuring that we have a musical leadership that is representative of the sector, of all jazz genres, and of both our existing and future beneficiaries.

Administratively, 2024-25 will be dominated by significant changes to our leadership: the forthcoming departure of our Chief Executive, Susie York Skinner, in August 2024 and recruiting for her successor; and the ongoing search for a permanent Chair, following the interim Chairmanship of Projjol Banerjea.

Small Companies Provision

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

The annual report was approved by the trustees of the charity on 7 October 2024 and signed on its behalf by:

Mr Projjol Banerjea Interim Chairman

NYJO Under 18 saxophonists | Regent’s Park © Taylor Hylton

Mejedi & Sophie (NYJO Emerging Professional trumpeter & saxophonist ) | Spice of Life © Monika S. Jabukowska

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Statement of Trustees' Responsibilities

The trustees (who are also the directors of The National Youth Jazz Orchestra Ltd for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 7 October 2024 and signed on its behalf by:

Mr Projjol Banerjea Interim Chairman

Lydia (NYJO Emerging Professional saxophonist) | Ronnie Scott’s Jazz Club © Monika S. Jakubowska

NYJO ANNUAL REPORT 2023-24

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Independent Examiner’s Report

I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of National Youth Jazz Orchestra Limited (the charitable company) for the year ended 31st March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Respective responsibilities of trustees & examiner

As the charity trustees of National Youth Jazz Orchestra Limited (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitable company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

Accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act.

NYJO ANNUAL REPORT 2023-24

28

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Moganarden Pillay Chelvanaigum FCCA

For and On behalf of Westlake Clark Audit LLP 7 Lynwood Court Priestlands Place Lymington Hampshire SO41 9GA

Date:

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Andy Grappy (NYJO Educator) | Cross The Tracks tuba workshops © Taylor Hylton
----- End of picture text -----

Olivia (NYJO Emerging Professional trumpeter & flugelhorn player) | Milton Court Concert Hall © Taylor Hylton

NYJO ANNUAL REPORT 2023-24

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Statement of Financial Activities

For the Year Ended 31 March 2024 (Including Income and Expenditure Account)

Notes
Income and Endowments from:
Donations and Legacies
Arts Council England Grants
3
Other Grants
4
Donations and Legacies
5
Income from Government grants
6
Charitable activities
Performance Fees & Education
Academy Income
Net Gain on Investments
Other Income
7
Total income
EXPENDITURE
Charitable Activities
8
Raising Funds
9
Total Expenditure
NET (DEFICIT) / SURPLUS
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 2024
Unrestricted
£
2024
Restricted
£
2024
Total
£
127,300
-
127,300
72,667
112,215
184,882
123,468
-
123,468
64,608
-
64,608
388,043
122,215
500,258
85,865
-
85,865
20,465
-
20,465
106,330
-
106,330
81,630
81,630
26,614
-
26,614
602,618
112,215
714,833
426,654
116,186
542,840
85,274
-
85,274
511,928
116,186
628,114
90,690
(3,971)
86,719
1,222,039
72,742
1,294,781
1,312,729
68,771
1,381,500

NYJO ANNUAL REPORT 2023-24

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For the Year Ended 31 March 2023 (Including Income and Expenditure Account)

Notes
Income and Endowments from:
Donations and Legacies
Arts Council England Grants
3
Other Grants
4
Donations and Legacies
5
Income from Government grants
6
Charitable activities
Performance Fees & Education
Academy Income
Net Gain on Investments
Other Income
7
Total income
EXPENDITURE
Charitable Activities
8
Raising Funds
9
Total Expenditure
NET (DEFICIT) / SURPLUS
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 2023
Unrestricted
£
2023
Restricted
£
2023
Total
£
127,300
-
127,300
59,583
76,300
135,883
1,340,412
-
1,340,412
77,676
-
77,676
1,609,534
76,300
1,685,834
155,343
-
155,343
32,369
-
32,369
187,712
-
187,712
-
-
-
35,362
-
35,362
1,828,044
76,300
1,904,344
600,739
48,268
649,007
77,844
-
77,844
678,583
48,268
726,851
1,149,460
28,032
1,177,492
72,579
44,710
117,289
1,222,039
72,742
1,294,781

Young Participant | First Time Jazz schools tour © Taylor Hylton

NYJO ANNUAL REPORT 2023-24

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Balance Sheet

At 31 March 2024

Notes
Fixed assets
Tangible assets
14
Investments
15
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due
within one year
17
Net current assets
Net assets
Funds
Unrestricted Funds
Designated Funds:
Activity Continuity Fund
Project Investment Fund
Total Unrestricted Funds
18
Restricted Funds
Total Funds
18		 2024
£
Unrestricted
2024
£
Restricted
2024
£
Total
25,013
-
25,013
941,630
-
941,630
395,222
-
395,222
47,484
68,771
116,255
442,706
68,771
511,477
(96,620)
(96,620)
346,086
68,771
414,857
1,312,729
68,771
1,381,500
81,099
-
81,099
750,000
-
750,000
481,630
-
481,630
1,312,729
-
1,312,729
-
68,711
68,711
1,312,729
68,711
1,381,500

NYJO ANNUAL REPORT 2023-24

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At 31 March 2023

Notes
Fixed assets
Tangible assets
14
Investments
15
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due
within one year
17
Net current assets
Net assets
Funds
Unrestricted Funds
Designated Funds:
Activity Continuity Fund
Project Investment Fund
Total Unrestricted Funds
18
Restricted Funds
Total Funds
18		 2023
£
Unrestricted
2023
£
Restricted
2023
£
Total
32,092
-
32,092
-
-
-
1,321,488
-
1,321,488
54,521
72,742
127,263
1,376,009
72,742
1,448,751
(186,062)
(186,062)
1,189,947
72,742
1,262,689
1,222,039
72,742
1,294,781
72,039
-
72,039
750,000
-
750,000
400,000
-
400,000
1,222,039
-
1,222,039
-
72,742
72,742
1,222,039
72,742
1,294,781

NYJO ANNUAL REPORT 2023-24

35

The Trustees have prepared financial statements in accordance with Section 398 of the Companies Act 2006 and Section 138 of the Charities Act 2011. These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual financial statements required by the Companies Act 2006 and are for circulation to members of the company.

The financial statements were approved by the trustees and authorised for issue on 7 October 2024 and signed on their behalf by:

Mr Projjol Banerjea Interim Chairman

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Tuba workshop participants | We Out Here © Taylor Hylton
----- End of picture text -----

NYJO ANNUAL REPORT 2023-24

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Statement of Cash Flows

For the Year Ended
31 March 2024
Notes
Cash Flows from Operating Activities
Net Surplus
Adjustments to cash flows for non-cash items
Depreciation
14
Working capital adjustments
Decrease in stocks
Decrease/(increase) in debtors
16
(Decrease)/increase in creditors
17
Net cash provided by operating activities
Cash flows from Investing Activities
Purchase of Fixed Assets
14
Increase in investments
15
Change in Cash and Cash Equivalents in the year
Cash and Cash Equivalents at 1 April
Cash and Cash Equivalents at 31 March		 2024
£
2023
£
86,719
1,177,492
16,458
16,103
-
850
926,266
(1,186,907)
(89,442)
74,982
940,001
82,520
(9,379)
(5,422)
(941,630)
-
(11,008)
77,098
127,263
50,165
116,255
127,263

Toril (NYJO Emerging Professional percussionist) | Spice of Life © Monika S. Jakubowska

NYJO ANNUAL REPORT 2023-24

38

Notes to the Accounts

For the Year Ended 31 March 2024

1 - Charity Status

The charitable company is limited by guarantee, incorporated in October 1977, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation.

The address of its registered office is The Fireworks Factory, 11 No 1 Street, London, England, SE18 6HD.

2 - Accounting Policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.

The National Youth Jazz Orchestra Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The accounts (financial statements) are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements with respect to a period of at least one year from the date of approval of these financial statements including considering the impact of the Ukraine crisis and cost-of-living challenge on the charity's income, expenditure, investments and reserves; and its beneficiaries. They have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern, and are fully engaged on a strategy to create a sustainable and resilient organisation during challenging times.

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39

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment 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.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Dividend Income

Dividends are recognised once the dividend has been declared and notification has been received of the dividends due. This is normally upon notification by our investment advisor of the dividend yield of the portfolio.

Deferred income

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such income is only deferred when:

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use 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. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

NYJO ANNUAL REPORT 2023-24

40

Charitable activities

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 nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The company is considered to pass the tests set out in paragraph 1 schedule 6 of the Finance Act 2010 and therefore meets the definition of a charitable company for corporation tax purposes. The company is exempt from taxation in respect of income or capital gains received to the extent that these are applied exclusively for its charitable purposes.

Tangible fixed assets

Tangible fixed assets are mentioned at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and Machinery, 25% and 10% on cost; Fixtures and Fitting, 25% on cost; Motor vehicle, 20% on cost.

Investments

Investments are valued at market value being the mid-market price at the balance sheet date. Surplus or deficit on revaluation are taken to the statement of financial activity.

Stock

Stock is measured at the lower of cost and estimated selling price less cost to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

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41

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

To ensure that we make appropriate, proactive use of our improved financial position, we have established two new designated funds: an Activity Continuity Fund (£750,000, representing the stated 12 month reserve policy) to remain invested pending any such emergency; and a Project Investment Fund, to be spent over the next ten years (with review points at three year intervals).

NYJO ANNUAL REPORT 2023-24

42

The Project Investment Fund of £481,630 will support a maximum of three investments annually, of c.£10k each, over a ten to fifteen year period. These investments would be used for one of two purposes:

Restricted funds can only be used for particular purposes and within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments; these are initially recognised at transaction value and subsequently measured at their settlement value. All assets and liabilities are recorded at cost which is their fair value with the exception of fixed assets which are measured at cost less depreciation which is deemed to be the fair value of the assets.

Pensions

Contribution to defined contribution plans are expensed in the period to which they relate.

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NYJO Under 18 keyboardists | Woolwich Works © Shona Louise
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3 - Arts Council England Grants

Arts Council England
Arts Council England		 2024
Unrestricted
£
2024
Restricted
£
2024
Total
£
127,300
-
127,300
127,300
-
127,300
2023
Unrestricted
£
2023
Restricted
£
2023
Total
£
127,300
-
127,300
127,300
-
127,300

----- Start of picture text -----
NYJO Emerging Professionals | Milton Court Concert Hall © Taylor Hylton
----- End of picture text -----

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4 - Other Grants

2024 2024 2024 2023
Unrestricted Restricted Total Total
£ £ £ £
Backstage Trust 20,000 - 20,000 -
Kirby Laing Foundation - 20,000 20,000 20,000
Scops Arts Trust - - - 10,000
Peter Sowerby Foundation - 75,000 75,000 -
Harold Hyam Wingate Foundation - - - 6,000
Sir William Boreman’s
Foundation - 2,500 2,500 -
Universal Music UK Sound
Foundation 5,000 - 5,000 5,000
Hobson Charity - 3,915 3,915 -
D’Oyly Carte Charitable Trust - 5,000 5,000 -
Tesco Community Fund - 500 500 -
Samuel Gardner Memorial Trust - 500 500 -
The Musicians' Company 3,000 - 3,000 2,250
David & Elaine Potter Foundation 5,000 - 5,000 5,000
Golden Bottle Trust 7,500 - 7,500 11,500
Thistle Trust - - - 2,500
Jack Petchey Foundation - 1,800 1,800 1,800
Foyle Foundation - - - 30,000

NYJO ANNUAL REPORT 2023-24

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John Thaw Foundation
Victoria Wood Foundation
Wavendon Foundation
Suffolk Community Foundation
Boris Karloff Charitable
Foundation
Golonscott Foundation
Foundation
Garfield Weston Foundation		 2024
Unrestricted
£
2024
Restricted
£
2024
Total
£
2023
Total
£
-
-
-
2,000
-
3,000
3,000
2,500
2,167
-
2,167
1,833
-
-
-
4,000
-
-
-
1,000
-
-
-
500
30,000
-
30,000
30,000
72,667
112,215
184,882
135,883

----- Start of picture text -----
NYJO Under 18s | Ronnie Scott’s Jazz Club © Mon ika S. Jakubowska
----- End of picture text -----

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5 - Donations and Legacies

2024 2024 2024 2023
Unrestricted Restricted Total Total
£ £ £ £
Artist Sponsors 20,442 - 20,442 22,565
Chairman’s Circle Appeal 48,685 - 48,685 48,359
Donations 16,664 - 16,664 86,221
Legacies 20,000 - 20,000 1,165,500
Gift Aid 17,678 - 17,678 17,767
123,468 - 123,468 1,340,412
6 - Income from Government grants
2024 2024 2024 2023
Unrestricted Restricted Total Total
£ £ £ £
Orchestra Tax Relief 64,608 - 64,608 77,676
7 - Other Income
2024 2024 2024 2023
Unrestricted Restricted Total Total
£ £ £ £
Sponsorship 23,374 - 23,374 34,931
Interest Receivable 3,095 - 3,095 321
CDs and Downloads 20 - 20 311
Other 125 - 125 (201)
26,614 - 26,614 35,362

NYJO ANNUAL REPORT 2023-24

47

8 - Charitable Activities
Performance and Education Costs
Allocation of Support Costs
9 - Raising Funds
Fundraising Consultants
Direct Fund Raising costs
Allocation of Support Costs		 2024
£
2023
£
418,309
540,073
124,531
108,934
542,840
649,007
2024
£
2023
£
14,350
1,400
48,948
57,220
21,976
19,224
85,274
77,844

----- Start of picture text -----
John & Rianna (NYJO Emerging Professionals) | Ronnie Scott’s Jazz Club © Mon ika S. Jakubowska
----- End of picture text -----

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10 - Support Costs

Establishment Expenses
Administration Expenses
Accountancy Expenses
Interest Expense
Bank charges
as allocated to:
Costs of Charitable Activities
Costs of Raising Funds		 2024
£
2023
£
14,761
13,950
125,369
104,008
5,825
8,880
-
566
551
754
146,507
128,158
124,531
108,934
21,976
19,224
146,507
128,158

11 - Trustees remuneration and expenses

There was no remuneration or other benefits for trustees in that role for the year ended 31 March 2024 or 2023.

There were no trustee’s expenses for the year ended 31 March 2024 (2023: £nil).

12 - Net Income

2024 2023
£ £
Net income is after charging:
Depreciation: Owned Assets 16,458 16,103
Independent Examiner’s Fees 5,825 7,725

NYJO ANNUAL REPORT 2023-24

49

13 - Staff Costs

13 - Staff Costs
Salaries
Social Security Costs
Employer Contributions to
Pensions		 2024
£
2023
£
264,547
328,565
24,523
28,570
5,491
6,384
294,561
363,519

The average monthly number of employees during the year was 8 (2023: 10)

One employee received emoluments in excess of £60,000 (2023: none).

Remuneration of key management personnel during the year was £142,289 (2023: £151,066) paid to 5 employees (2023: 4).

Staff costs include £14,000 paid to freelancers.

Lisa Simone with NYJO Emerging Professionals | Cadogan Hall © Taylor Hylton

NYJO ANNUAL REPORT 2023-24

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14 - Tangible fixed assets

Fixtures & Plant & Motor
Fittings Machinery Vehicles Total
£ £ £ £
Cost
At 1 April 2022 20,984 135,396 27,065 183,446
Additions 1,069 8,310 - 9,379
Disposals (9,025) - - (9,025)
At 31 March 2023 13,028 143,706 27,065 183,799
Depreciation
At 1 April 2022 17,815 113,241 20,298 151,353
Charge for the year 1,598 9,447 5,413 16,458
Disposals (9,025) - - (9,025)
At 31 March 2023 10,388 122,688 25,711 158,787
Net book value
At 31 March 2023 2,640 21,018 1,354 25,013
At 31 March 2022 3,169 22,155 6,767 32,092
15 - Investments
2024 2023
£ £
Market Value at 1 April - -
Additions 860,000 -
Realised and unrealised gains on investment assets 81,630 -
Market Value at 31 March 941,630 -

NYJO ANNUAL REPORT 2023-24

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16 - Debtors

16 - Debtors
Trade debtors
Prepayments
VAT recoverable
Deferred costs and other debtors
Legacy receivable		 2024
£
2023
£
12,000
75,048
12,183
8,036
8,211
-
73,795
88,404
289,033
1,150,000
395,222
1,321,488

Ursula (NYJO Emerging Professional bassist) | First Time Jazz schools tour © Taylor Hylton

NYJO ANNUAL REPORT 2023-24

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17 - Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 10,538 36,965
VAT Payable - 17,803
Other taxation and social security 8,351 10,086
Other creditors 3,577 4,304
Accruals 41,960 49,335
Deferred income (see note below) 32,194 67,569
96,620 186,062
Deferred income for grants and sponsorship received in advance
Deferred income at 1 April 2023 67,569 38,000
Amounts received during the year 187,968 124,083
Amounts taken to income in the SoFA (223,343) (94,514)
Deferred income at 31 March 2024 32,194 67,569

NYJO ANNUAL REPORT 2023-24

53

18 - Funds

Unrestricted funds
General
Unrestricted funds
Designated
Activity Continuity Fund
Project Investment Fund
Total unrestricted funds
Restricted funds
Culture Recovery Fund
Scops Arts Trust
Peter Sowerby Foundation
Sir William Boreman’s
Foundation
Hobson Charity
Samuel Gardner Memorial Trust
Jack Petchey Foundation
Kirby Laing Foundation
Harold Hyam Wingate
Foundation
Thistle Trust
D'Oyly Carte Charitable
Foundation		 Balance at 1
April 2023
£
Incoming
Resources
£
Resources
Expended
£
Balance at 31
March 2024
£
72,039
520,988
(511,928)
81,099
750,000
-
-
750,000
400,000
81,630
-
481,630
1,222,039
602,618
(511,928)
1,312,729
1,500
-
(750)
750
14,167
-
(9,996)
4,171
-
75,000
(50,000)
25,000
-
2,500
(1,250)
1,250
-
3,915
(3,915)
-
-
500
(500)
-
1,200
1,800
(1,800)
1,200
15,000
20,000
(20,000)
15,000
4,500
-
(4,500)
-
1,875
-
(1,875)
-
-
5,000
(1,000)
4,000

NYJO ANNUAL REPORT 2023-24

54

Tesco Community Fund
John Thaw Foundation
Victoria Wood Foundation
Foyle Foundation
Total restricted funds
Total funds		 Balance at 1
April 2023
£
Incoming
Resources
£
Resources
Expended
£
Balance at 31
March 2024
£
-
500
(500)
-
2,000
-
(2,000)
-
2,500
3,000
(3,100)
2,400
30,000
-
(15,000)
15,000
72,742
112,215
(116,186)
68,771
1,294,781
714,833
(628,114)
1,381,500

The specific purposes for which the funds are to be applied are as follows:

Culture Recovery Fund: To support specific projects designed to aid NYJO's financial recovery from the Pandemic, including creating of digital assets and new commissions.

Scops Arts Trust: To support the founding and running of NYJO's community jazz choir in Woolwich.

Peter Sowerby Foundation: To support NYJO’s organisational development including implementation of new CRM, new staff, and new branded assets.

Sir William Boreman's Foundation: To support Holiday Projects and NYJO Jazz Messengers tour in the Boroughs of Greenwich and Lewisham.

Hobson Charity: To fund the purchase of instruments at discounted rate from suppliers for use in Under 18s and beginner brass activity in Woolwich.

Samuel Gardner Memorial Trust: To support the Jazz Messengers activity in Kent.

Jack Petchey Foundation: To fund awards for NYJO Academy students (awards are spent on items such as masterclasses or Academy social events that benefit their peers).

Kirby Laing Foundation: To support the running and development of NYJO's Regional Academies in Cumbria, Lancashire, Darlington, Wiltshire, East Kent, Humberside and Cardiff & Vale.

Harold Hyam Wingate Foundation: To support the running and development of the NYJO's Regional Academies in Cumbria, Lancashire, Darlington, Wiltshire, East Kent, Humberside and Cardiff & Vale. Thistle Trust: To support Under 18's activity.

D'Oyly Carte Charitable Foundation: To support Lancashire Jazz Futures.

Tesco Community Fund: To support holiday projects.

John Thaw Foundation: To support a residential course in Cumbria over Easter 2023.

Victoria Wood Foundation: To support a residential course in Cumbria over Easter 2023, and North-West Jazz Futures training programme in 2024.

Foyle Foundation: To support the Nikki Yeoh Project.

General Funds: General fund represents funds available to spend at the discretion of the Trustees. Activity Continuity Fund: this represents approximately 12 months expenditure in line with our reserves policy and will only be drawn on in an emergency

Project Investment Fund: to be spent over the next 10 years and to support a maximum of 3 projects per annum

NYJO ANNUAL REPORT 2023-24

55

19 - Analysis of Net Assets between Funds

Tangible fixed assets
Investments
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
£
Restricted
funds
£
Total
funds
£
25,016
-
25,016
941,630
-
941,630
442,706
68,771
511,477
(96,623)
-
(96,623)
1,312,729
68,771
1,381,500
At 31 March 2024
Unrestricted
funds
£
Restricted
funds
£
Total
funds
£
32,093
-
32,093
1,376,009
72,742
1,448,751
(186,063)
-
(186,063)
At 31 March 2023
1,222,039
72,742
1,294,781

20 - Share capital

The company is limited by guarantee and does not have a share capital divided by shares.

21 - Related Party Transactions

4 trustees made donations to NYJO in the year, total £6,682 (2023: 4 for £10,629). The National Youth Jazz Association (NYJA) is a related party and the accounts include £1,000 owed by NYJO to NYJA.

There are no other related party transactions to note.

National Youth Jazz Orchestra

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NYJO Emerging Professionals | Ronnie Scott’s Jazz Club © Monika S. Jakubowska