Registered number: 1673689 Charity number: 284555 THE BERKSHIRE YOUNG MUSICIANS TRUST (OPERATING AS BERKSHIRE MUSIC TRUST) (A company Ilmlted by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) C¢￿TENTs Reference and administrative details of the company. its Tfustees and advisers Trustees. report 2-12 Independent auditors. report on the finaneial sL*ements 13- 16 Statement of financial actNlties 17 Balance sheet 18- 19 Statement of cash flowg Notes to the financial statements 21-51 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) REFERENCE AND ADMINISTRATIVE DEfAILS OF THE COMPANY, rrs TRUSTEES AND ADVISERS FOR THE YEAR ￿DED 31 AUGUST 2025 Trnstees J Carroll, Chaimi R Belshw A Butler D Harris K Hatton Ires(qr*d 31 October 20251 A Jackson R Millar S Williams IreswJned XJ Septemiw 2025) O Picken (app￿nted 18 March 20251 H Y￿jr¥j lappointed 1 JU￿ 20251 Dr T Blanusa lapwnted 1 July 20251 K Austen lapwnled 1 Juty 20251 The trLLStees retiriry by rclatim wrtb'ry I1￿15&￿e$ fc¥w* for reelection are A Jackson, D H￿ris and A Butler. Company registered number 1673689 Charity registefed nwnber 284555 Registered office Stoneham C¢x¥t. I￿ Cocw Hill, Rea(*rvJ, 8erksh*e. RG30 4EZ Chief executive offiter D Wren Independent auditors James Coyr KreS￿ ALhJit, ￿. Road. Readirvj. Berkshire. RG11AX Bankers Barday5 Bank Plc, Bus￿5 Centre. PO Box 6193. Basw*e. Hampth"re. RG21 3RX Solicitors Fidd Se￿r Parkes Sol￿rt￿s. The Okl Coru*s CwL 1 L￿th)n Streec PO Box 174, R￿1r￿J, Be￿$hile, RG14QW THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) TRUSTEES. REpoirr FOR THE YEAR ￿DED 31 AUGUST 2025 The trustees. are all dKeetc￿s of the c(XnP¥by. wesent the￿ reFQrt tC#Jether the audited financial statements for the year ended 31 ALWSI 2025. The Iruslees confimi that the accounts comply Mqlh the Ccfflpanies Act 20C6 and the charrb.es Ad 2022, have been prepared in accordance wth the revised Statement of Rel￿MMended Practice 'AfX¢￿nting and Rep(Mting by Charibes, IFRS 10212019 and CoM￿Y v￿th the jmpanls meme*ar￿um AJ1ides of Associabcffi. is Ihe ccrfnp*s govemir*J thtument. The Berkshire Young ￿￿￿elan$ Trust I'Berkshire Tr￿t,) is a Registered Charitable C(4npany limited by guarantee aTrJ ir(waled as a crxnpany registered under the name the Befkshire y￿ng MUs￿lanS Trust. On 25 August 1982 the Tnjsl was establi%hed under a Mem￿andum of AsKtiation thich established the objects and POVrfEfS of the charrlatAe oJnpany under ts AJbdes ofAssory"atKfft. Executive Summary Berkshire Music Tr￿1 has ¢￿tinl￿d to delwer hyh qudty Music￿ cPFthUn￿eS for pecple in the 202 2025 academic year, none of w)uld have been rossit4e wih(yJt thè hard work and dedication of our staff - the teaching staff who ccnts"Th￿d to provide ensemtles aNJ s¢lKoI activths through a variety of fomiats as well as ts cperatW￿ teams, hard to keep the service ruMirKJ in the backgrowrtl and support our customers and wpils. Berkshire Musie Trust is dedicated to transfc￿mir#j lives through the F¢)wer of MU￿¢. We provide hig￿qUalIty, indU￿Ve Mu￿¢ and pwtscipats￿ OFpyttiTrtses to FeorAe of ￿1 w ac*oss Ber*shire. Our mission is to ensure that eVeryone-regard￿$ crf background. abilty, or eirtumstance-ean experients the joy, creatiwty, arKI lrfelong benefits of mu5iC-making. We work and a range of professicfflal and vduntary se¢lor partnerj to provide ￿ Inrtyative rarYJe ol ¢re*fve q*pornmths for wr st￿)ents. Crb behaw of Ajts c￿ne11 Eryland IACE). Bthshire Music Tntst le￿$ the Bth*shire Ethjcalion Hub and is responsi1￿e the delivery ofthe Nati(￿1 Plan fcy Music Edwliw INPMEI across Berkshire. r objectives are ddwered Ihrwjh 1ndMdU￿ arKI gr￿P tuiticffi in w)￿e ar￿ a variety of instruments in schts)Is arKI in five large music centres in Bracknell, Readir¥J, West Bthshire, Wc&ingham ￿ Windsor as well as one smaller satellrte centre in Caver$h￿. Turt￿ is SUFplemenled by a wde rarge of ensembles and other eXtensiC￿ actiwties at all thls. SeNces ae contrxled direclly to parents aTrJ carers of stLvJents and to schods.IDIEI. THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Public Bel￿fft The trustees revw Berkshire MUS￿ Trust's Putlr Benefit ccrfnmitments annually. The semces provided: music educab.on and prcffi0tic￿ of the arts. are t*)th defined wthin the Charths Act 2Crf)6 as charitable actiwtses. The Tfust has comprehensive ￿li￿ls¢￿Minaw Oicles that are regularfy reviewed to ensure complkqnce. These F(Aiues cover al discriminatic￿ indvjing financhal hardship for several restricted funds hav• bèon crèatad to aswst sludonts from th backgrwrKk. Provisbon of financial assistan￿ is not limrted to s￿dentS of families quafy for a5SiStance frcffl 'P￿"1 Premium.. The trustees reccgnise that sludents frryn families vthose income a lrtde *)ve the levd to qualfy 'Pupil Premium, but contend wth the high &)st of livirKJ in Bthshire. may dso require suppNt and these ap￿icationS are k**ed upon favourably. We operate a bLfWy fLXKI to assist ￿￿kIr￿ a￿1 Feople in this Catewy. Our Msion.. Our viS￿n is to enhance * enrich the lives crf d¥lthen. pecple adults through the unrivalled range of MuS￿al cpportunths we offer. MISSI￿ Statement: We work cdlaboratively to nspire ar*J develop musicians ￿cugh ueab've, enjoyalle ￿ enriching learning experiences. We seek to emp)wer cw cc¥nmwty k) achieve its Fthntial. explt¥e their own creative pathways ard enjoy music in all its fomis. Ccye Values.. Inclusivity. td*ve rnuS￿ str￿￿d be accessble to al Respect. we respect others. wews and Iwd expwierKes Transparency- we are open h)nesl Innovation- we ContinU￿$1Y evc4ve adapt to dwoiTrJ needs Responsibility- we take re$￿￿$1b1lty our mBsvJn Partnership. we emtxace Partr￿shiP tral ic Pillars 202>20 EVERYBODY A MUSICIAN backgTowKI or c4rcumslance CONTINUOUS LEARNING_ to develop grtyv as a reflective le*nry ¢xganisation EMBRACING INNOVATION~to utilise lechr¥)kw to enhance S￿erns and dTversfy opportUnit￿S GROWTH & SUSTAINABILITY- to devdop Ihe organisatK)n's resilience and make it future woof Deliveri the Nat￿￿al Aan Mu5 As ￿ad organisatson for the Berkshire Music Etti￿a￿c￿ Hth. we I))ntin￿ to fully implement the NPME. In the quarterly feedback from Cour￿1 N%E reta￿￿d a 'MIr￿ risk. ra"r¥J regardir¥J our DfE fijnding applicab"on. Summa of 202425 Years r Earfy Years w¢** C?)ntin￿ across the Courty with sesSim5 in Tllus￿ centres. particulady remaining popular in Reajing. and providing an excel￿nI woJres￿0n into instrumental arKI vocal music makirrfJ for young people. The Berkshire M￿le Trust W Years IBEYMNI has continued vthh a 5trc￿g meM￿r$hIp which I￿￿deS triamual e-trAJllelins. access to the BEYMN Face￿ ptye to share Kleas and resowces and regular CPD Sess￿5. First Access THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 First ACC￿ 1g)vemment f￿¥Jed vhKle dass instnrntal Fwrammel (￿tin￿l to be well recetved in schools. 125 schcols SH￿ed w which was an increase CO ￿ from the previ￿￿5 year. We reached a total of 6330 students and had 17 sclvjols taking up the full three-year offer. We conb.nued ow large-group CcntinUatic￿ session valh 95 St￿ parti¢ipats'ng, ￿ iwease crf 58% from the prevN)us year. We ContinL￿d to prwde a rarvJe of to chikjren hvJrrfJ pecple indudiry instrumental and vocal lessons. Our stLKlent r￿M￿er$ reMaIr￿ static this year desprte strategic c(P￿tunitieS student5 10 ty instrumerbts out. Wth no ir￿reaSe in vitthdrawal data. rt is dear Ihat the wcwirg eccmmic Climate is clearfy impact¥ig families aff￿dIng athiks for their thib*en. The majlty of teadws observed as pa w Teathvvj & Le￿Iry Pdicy. We supplemented our weekly FIOVISh￿ a variety of hc4iday CQLrses as well as rnus￿ thew less(y)s Grade 5 and Grades M. TeachirKJ staff were sent lo sc*thgs in wr annual 'Listen-up week,, visrfing 42 sdKols across the CJJnty to enable chikdren and y￿r￿j pecple lo ex￿er1en￿ live mug¢ as ￿11 as to F￿9te leamiThJ an instrument. Each event was fdlowEd by a hands ty-￿rt of instrumerrts ¥%e had over 4￿ stLthnts swTrup for a free lasler lesson as a resuh of this actiwty. We expanded ow adult Fyovision, starb"rvJ a new mixed ensefflb￿ in Windsor that mirrors OLf existirKJ model for adults in Reading and West Berkshire. Ensembles & Events Ow fomied C￿lty Wind Ore￿￿tra was laurthed li October haw temi resulti￿ in a fantastic concert held Jointy wth Berkshire Youlh Symphryhy ¢>ctrEstra at Tr ¢>eal Hll in Readiry. Wth 100 students in BYSO and 40 in BYWO. Ihis was a h￿e 5￿CesS. As part of our continued cclnmilmenl to prgJre5sw routes, sse intrtsjuced a County TrainiThJ Orchestra that wll feed into wr C(wnty Synthny Orthestra. This la￿Ched well wth over 40 thilthen parbcipating in the launch We continue to prowde a*l￿onal OPFQrtunthes for cu ensemtle students S￿¢h cur Senior Reading Concert Bar￿ gaining a Plalinum Wdrd at the Natic4MI CC￿cert Band Festival as wdl as 129 music centre sludents going lo Paris to take part in c(Y￿rtS as wdl as xThe ￿ghl-￿ng. In athditicfi. 48 students aged 7-11 went away on our annual residentsl ￿￿kend. We held our annual comFetrthM, thi5 yourg FercussKn. guilar and brass to be named Berkshire Young Musician of the year, in partnership wth the w1￿1St¥ Feslival. We held cor￿rtS in wDrKlerful venues toth in Berkshire and ¢xtside d Berkshire. frcffl The Hexw to Dwai Abbey. We also worked wth yofessional artists suth as ts Royal PhilhamKsni¢ Orthestra. ￿ere a number of our junior ReadirKJ instrumentalists got to F*rfcYm os of the RPO'S N￿$Y Kids Concert al The Hexagon Theatre. Instrument Hire Scheme We continued to nm a $￿SsIu1 instrument hire thme hdpEd chiklren ￿ y￿r￿j people acces5 a range of instruments. We hired sJJt over lo￿ nstwments across the year, wth a further 3288 teiry hired wt to schojs fcf our Whole Class Ensemble Tuiticm (W-￿) wcgamme. We offered conb.nued Prcrfessional Devekwent ICPD} for sclKx4s, having devek4)ed a new prcgramme of going into s¢￿S durirKJ their staff meetings so as lo ma(e it rnc￿e fea5t•le for schcds to participate but aso to reach mcKe staff invofved in deliverirvJ music especialty at school. This programme has been realty effeth.ve wrth excdlent feedback from parbu"wts. ToF4cs covered induded.. GettiThJ started with Gara9eBa￿1, al's on ￿ur instrument trdly. de-myst1￿'ng music rN)tstion, iyush up the Basics - develc4)irKJ key skills in THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 beat, rhwhm and pitth. find Vol￿ - ￿mId ￿7th SI￿1￿. let's ueate . teaching cclnpositicn in the Nalicnal Cun1￿11uM kn mus￿. Schod r￿ws1etterS go a term to ccrfnmunicate ow offer to ScI￿S deaty. to sigwt to national develcfments and to hdp open up imixknt 0)n￿tic￿5. Sc1¥￿ Develow)enl Managers continue to build relationships with sch(￿5 aThl si4wI Ihem lo devdop their SdKd Mu&c Educat Plans. We hekl our first S¢hoYs C￿fel￿tt at Wdlirtyi Cdlege- this 4vas a successfvjl day cf)en to sthwls alxoss the of Berkshire. We had c.1C(J staff atteTrJiThJ arKI re￿Ved highly po$￿ve feedback rale5 on all sessions. It was a great Op[￿tUnIty for teachers lo come Icgether aTrJ nefvth. as well as leam new things frcffl a rar￿ of wthsws t#)th primary, and spec￿1 schcds. We also engaged wr industy part￿r5 tho had trade staThts on site and shcmtased ow music aNI Instr￿nent rescuces. Stra We continued to support singir¥J in scI￿S thrO￿h wr SngiTr4 Devebwent CocYdinatOTS wcxk across the Ccwnty with all supwts'rvj their iThJivKlual needs. This is a teskX)ke SL4)W)rt functK)n offered to every Sd￿01 and can range frc4n SUPFrty1 wnnirg C￿irs. sigrwstir¥J to resources. offering CPD training to norwkilists as well as siryng assemtty adviee *KI Kkas. Our JLr4or Music Festival I))ntin￿l to te a h￿jh&JhI cl each lem) the gr￿ that saw in 2&24 ethtinued in 24-25 with a tota of g perf￿artt$ across ts year. The theme Ihis year was 'A night at the movies, featuriry p)wlar TV aNJ film MUS￿ as wdl as songs frcth The Wic Flute. In totsl 121 schods lts)k part lan i￿.r•.￿￿. fif 7% nn th•. pr•vKMJS y•ar} ine.lithjiThJ staff acCes￿r￿ singing delNery CPD with our sir￿Ing develeynenl coordir￿. A totsl of 3440 stu￿ts perfcthied across the year at The Hexwn Theatre which was an inc¥ease of 14%. We also eontinued our fantsstic SirKJirvJ Cafes deswd to $4)port osdw and those liviry with Parkin￿,5 OT dem￿tr.a thrcwgh ￿ PQWEr of Mus￿. These sessions are hekl in t41mmunty venuès and eare homes across Berkshire, offering a wdc¢JnirKJ Iwapeulic enwronment. Each Se$￿C￿ includes stfuctured musical aCtNIt*￿￿J1ng. ¥bd mcwement4dlMd by tirn fu tea, c¢ffee, aThl conversation. THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Partnershi We continue to have a skng fooJs partnerships as demonstrated by our SenK* Leader rde (Partnerships, Progress￿ & Developmenll as WEII as Mhjde Le*r rc4e of Partnerships & Inclusicn Devdopment Manager. Both parties have thed on mwntaining current partiws as wdl as seeking OLrt new parthers where the need arises. We have thed cktsely wth ReadiFrf)p. CU￿Ure Mx and the Road( Academy Foundatic*) again this y•ar wl)o *• t￿r k•y '*ith are to share a vision of support for children and yDLr#J people ayoss Bthshire. We have 1st1￿ed dosety OLX ne￿h￿rt￿r. Slcrtoh Music Service. over the past year as the initial, Iransilic year of the new mus￿ Hub Irbve5tment Fkn9r￿me for fu￿1rvj frcTh the Department Educat"on frcffl September 2024. This partnership enabled mcrfe cc41aitiative th almost stra￿ht-awaY tt)e benefft of children and s￿ng people across Bthshire will to have a posthe Unp￿t C￿ the ¢¥Q￿unitIeS we can provide. We ￿tin(*d to run Trinrty arKI ABRSM ex￿ seysicns our sttKJents a￿ there is a decline in numters as can be seen in the trend &ross the last 3 years. Our numbers decreased to 431 frcffn 488 exam entries in 202&2024. or these 27% passed. 46% gained a merrt 21% gained a distsnctw. 5.3% of the lotsl number of entries were Grade 8, this is decrease of 7 entr*s o)mpwed to la$1 year. 44% of the Grade 8 entr￿5 ad)ieved a distsncticn, 390A achieved a mertt 1Pk passed. of the total number of entriès were for ARSMIAdvanced CerlifiealelDplema ￿V￿, this was an wease of 3 entr￿ (x)mpared to last year. 60% of the AFISWCertificate entries achwed a dIsti￿tiC￿. We also SUFWt students lo ex•ns with the Teactr*ts Bo¥d Trinty Rock and Pw Exams dependiTrJ on thit is wroprwte fLY each $twJent We we un*k to c(Al* data Te5Utts. Fundi We successfulty for f￿￿1r0 fuThJirwJ thxiThJ ihe £43,087 from Greenham Common Tntst for a v4W crf wcyects to imwoves access to music children in West Berkshire £1350 from Bth*shire Commthty FCMJndatiC￿ SiTrJirvJ aifes Equality. DNerW & IndusK We remain ambrtiw5 in our inlenliws to weckth Iwriers fty thikjren young pecf)le in acceswng music OpP￿n￿e$. We expthd OUT ir￿luSic￿ wojecls Ih's vath increased &liwty in SEND settings across the c￿nty as well as a rw project working ￿ st￿ts over 16 ￿MIng disabilrt￿s are gaining skills for employTnent arKI independence in partnership ￿ Berkshire Cdlege of Agn￿11yre. In additicn. we wefe aNe lo build an inclusive Instr￿)ent litxary due to the Capital Gr￿1 received through the DfE. We were only the secoNJ Music in the UK lo have deve1c￿d Or￿ of these and rt ha5 been trumFeted as a great exarn￿e of gocd praclice. The SwrKl8ewn 6 has been our most P￿lar item so far arKI we have conb.nued to add instruments to the library to ensure we are meeling the need frryn SC￿)?15. We successfvlty develcped a F(tsthve relab(fftsl¥p 'Mth toth Bracknell F￿est and Maidenhead Virtual Schools last year arbj have delNered three small musK prcgrammes for care exFenenced yourYJ people arKI have started a handful of leamers w￿t to erw ¥Mth to instrLmental teaching through the virtual sCh￿￿S kyogramme. We continue to SUPF*Nt SEND St￿ ￿K1 fanilEs ￿ low rwne with our rarye of Ixwries and remissicns to ensure fin￿￿ is not a barrier to engagry ￿th mus￿. THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 We continue to C￿￿¥Jer cur enwrcnmental impxt aThJ slaff m￿1￿$ Ixmpleted cth literacy trainiThJ thin the year. We worked th P05ftNe Planet to start meagjriry our Cart>on Fwlprint as a result of this trainiry so that we can really measure the improvements we are makiry. As part of our eff￿ts for sustslna￿1ty, our Resour￿ Team supported a tharty that was Its￿1ng for brass instrumwts to Sond to tho Red Earth Charity in Uganda. We (l￿3ted over 150 instrumersts that were due to be recyded which enabled the fc￿mat￿￿ of the MATIC Brass BaTrJ in Eastem Uganda. The band ￿"r￿ together tslented youry musicians from very FQY njral Wgrounds. offerirKJ them purp)se. ccnfKlence. and the joy of music. Money that they trom musical p&f￿a￿. arKI otr*r event> is fiJr￿lng the children's school fees and vocalional traiNng. We prcrtjuced an Environmentsl Intenticfi Ran vthich builds e¢b vthat we have alrea0¥ achieved in this area, and sets out ￿Jr intentions for the fulure in mair¥J our5efves more envircfimentdly sustainable. As part of this we have intrc#Juced an EV car scheme and orle to scP*me to enwage telter ￿￿rgY usage by staff but also lo enhance beneffts offered lo staff. Finan￿al review The finanual resuhs are set uJt in the Statement of FrwKial Athrbes demonstrate a surplus for the year of £716k12024. surplus of £100kl. In order to comply with att￿nti￿ st¥thrds and, in particul¥ FRS 102 Post.Emplwent Beneffts, Tesources expensed indude a charge of £3k 12024.. credrt cl £69kl for penSIc￿ costs rel*'ng to tr* Defined Benefft P•.n4iM .8rth•m•. fN admini8trativ•. staff Ttr4'* ae£cthlirwJ standard requires that the pensions liabilty is reeognised as the benefrts are eamed, Mt vA￿n ty ¥e due to be pahj. aKI ace4)rdingly an estimate of the liabl1￿.eS a￿rUed fcff the ￿en￿j is provth by stheme's actuary Ifor fvll detsils see Th)te 261. This adjustsmenl is calculated al the year•end and is not rTr)nitored t￿gh(Art year when reviewirvj cperaling financts of the Company. The total value of the $th￿e Ik1ts'1ty as of 31 August 2025 is £nil12024'. £340kl as shwi in the bal￿ For operatsonal wrFoses, the trustees use the"Cr￿11r￿j s￿￿U5 I Idefiutl. of the Unrestr￿ funds as a more meaningfvl perfomance measure. LnrestrKted c¢erth'ng surF4us for the peritrj was £113k12024.. £77kl as 2025 2024 UNeJtd(ted Re5trtc*d lrtome 3.161 1.453 3.319 1.149 Expendlture 13.3481 11.217) 11.242 11.244 Operatihl surplusl Ideficiti 113 236 FRS 102 adjustment Unre¥lise¢ investmeni 8ain I Ilossl 343 1691 24 Net Sncome Ilexpendltur?I 136 oF*raliC￿al resurts demonstrate that the ￿ c￿tiT￿tsd to be one of challenge Operat￿al￿. h¢)wever we Successful￿ cLaimed and received Orcl*stra Tax prev•)us which resulted in additsonal ir￿)me of £122k. this had not been F￿Vided for in the 202>24 fin¥￿la1 sl*mpJts. 11 has been to raise a(kJilK4)al in¢￿)e from 5th￿Ir￿j r¢xrfns at StC￿than C(yJt of £20k (£2024 £22kl. a5 well a5 &vning interest inco¥ne of £21k12024 £1￿) ￿ r￿me from W￿luS￿)n prqects of £25k {2024 £nil}. THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Sbjdent numbers decreased thrC￿hOut the y by ￿. The cosl-of.Irwng crisis ccrtinues to affect many families and music leSS￿S we aw an early V￿lIM of any dO￿turn. As a resul( our fees from Sessons and en$em￿e$ indLKlirKJ aid de(*eased by YA sear-CTryEar to £2.754k (2024: £2.812(). I￿)￿h some savirvJs have been m* r￿nng fX6ts. overhe•Js l*y unaffert￿, vith Music Centre premises Costs r￿l￿ni[¥j pa￿Ae the ¢Mtraclual tenns. Inccffle Overall total irKc¥ne increased year on star to £4.914k (2024: £4.56Tr1. Fees from Pa￿ Scho￿ ￿$Son5 ertsembles shtrI￿d a decrease of 2% to £2,754k 12024: £2.812kl. Govenwnent fundirKJ was reF4Jted at £1.157k.I2024 £1.234kl. These are reslricted fiJrKls wovided SFecfficalty to suppjl ddivery of the NatiC￿al Plab for MUSK E¢knati￿ tFwh first access projrammes and MUS￿ hub actimtses logeuw funding ftom the Department of Educati￿ to suprpjt thè Teachers. Pension Sctr*me. We dso received addit￿la1 restrthd govemment funding of £262k to yKthase musul instruments ltr￿h a capital grant. The instrunents will be I*￿e¢￿ted over 5 years. Other irKcffie rwsed Ihrcwh music related activibes suth as exam￿￿￿on5. concerts. instrument hire was irrtreased lo £515k12024". £450kl. Grft Aid income and OIC￿Stra Tax rKcme for >ears Ythich was rM)t Previo￿ promded fc amounted to £141k. THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Total expendiiure sPtrMd an irK¥ease to £4.￿skI2024: £4.386k): Contracted staff costs were kh%er at £3.￿ {2024.. £3,087kl, desprte a pay increase and the rise in Employer National InsLrance. This was a5 a iesult cl S¥￿￿h1￿ recfurtmenl to Self￿m￿oYed teachers t￿¥117￿ witl) lo a dgfir*xl (x¥)tslbUt￿ Scheme for employee5 in May 2025. Fees paid to sdf0M￿oYed staff %%ere inefeased to £458k 12024. 375kl thje to highèr rates paid and replacirKJ most teachets that left thrirKJ the ye* self-emplosed leadlers. Event costs were increased to £303k12024'. £2Slkl in line ￿￿th an increase in and tour inecthe. jvemance costs were increased lo £105k12024". £57kl due lo an incr&* in use of legal thiee in relation to the new pension scheme. aent lo show and explain the c¢mpanls transactions and disrbse reascnable acr#Jracy al ￿Y time the financial position of the company and enable them to ensure that the financial statements ccffnply wth the Companies Act 2006. They are also res￿￿ble for safeguarding the assets of ts o)mpany and hence fcff takiry ￿asona￿e steps for the PreVentiC￿ and detecti￿ crf fraud and olher iThegularities. Discloswe of informatic(b to auditor Each of the per$C￿ ¥tho *e tntstees at the time thi% Tntstees. reF#J1 is apwoved has ccybfimied that.. so f¥ as that trustee is aware. thwe is rKJ relevwrt audit wrformalion of whth the companls auditor is unawdre., and that tsuslee has laken all the steps tt￿1 cwht to have been tak￿ as a trLtstee in c￿r to be aware of any relevant audit 1nfcfftatlc￿ a￿1 to establth that e4)mpanls ajditor i% ware of infomiatim. Page 11 v11￿81$￿3r￿￿*èTl￿6￿4xM)R￿. ZHWVCF#JGPTR 11 F¢b3J26 13a2321wr (urc*OlO Irip 14153 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRUST) {A¢ompany linwted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR &YDED 31 AUGUST 2025 Audrt Having been re-apwinted folknMNJ a c(xnwehensi¥e lender wocess ¢¢)ThJucted by the F&P Ccrtnmittee last cycle lat the ￿￿dUs10n of their in￿￿ fNe-yEar teThnl. Jar￿5 Kre5kn has continued lo serve a5 our Audrtors. Followry a rvJorous annual perfumance wew, ts Trustees are F4eased to confimi their continued engagement for the upcomiry ￿ar, with Ihe nexi f(ffM￿ terth Frfocess anti￿pated in three years. twme. alwjning best pr&tice 9)vern￿¢e ￿￿e$. Apwoved by order cl the members of the oftruslees •KI ther L%half ty. J Carroll Chairman of Trustees Date.. 11 February 2026 Page 12 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE BERKSHIRE YOUNG MUSICIANS TRUST (OPERATING AS BERKSHIRE MUSIC TRUSD Opinion We have audited the financial statements of The Bthshire y￿JThJ Musici￿5 Tru51 IcyeralirKJ a5 Berkshire Music Trusti (the 'charitable ccrfnpanll the year eThJed 31 Al￿￿1 2025 Nthich compnse the Statement of financial activibes, the Balance sheet. the Statement of cash flows and the rdated notes, including a summary of signrfi¢ant acKsunting p)licies. financial reFQrtI'ng framewxk that has been appl￿ in thwr preparation is applicable and United Kingd￿) Ace4)untirKJ StarKlards. inclLhdiro FIr￿Ual Reporting kndard 102 'The Financial Re￿ting Standard apF4ic*e in the UK aKI RepuUi¢ of Irelth. {Unrted ￿"ng￿ Generally Acwted A¢￿untIng Practice). In our opinion the financial statements.. give a true ar￿ fair of the state of charIt￿e ccryanys affats as at 31 August 2025 and of rts ineoming resourts5 and app1KatI￿ of reS￿r￿, induding ts inc￿ne arKI exFerKlilure for the year then Pract￿", and have been prepared in a¢cc*darKe vAth the reqUIr￿￿ents of the CCIn￿leS Act 2W6. Basis ftx opinion We C￿dYthd ow audil in a¢cixdan¢e ¥Mth Internaknl StaThJa￿s on Auditing IUKI IISAS IUKII and applicable 18w. Uur respongibilibes Un¢Jer those stwK1ard$ are tunher des¢rlbed In the Audltors. re$pon$lblllVes for the audlt of the financial statements seetie￿ of ¢JJr rewt. We are ￿￿er￿dent of the tharrtable e4)mpany accordance th the ethical requirements that are relevant to wr a￿￿rt of the financial statements in the Unrted lfjngdom, induding the Fin￿1* Repth'rKJ Councifs Etr4¢al StaTrJard. aThJ have fulfilled our other ethical reSP￿s1￿.1￿es in ace4)rdance wth these requiremerts. We believe that the ￿dit evKJence have obtained is Sufficient arKI aFprcpnate lo provhje a basts for i)ur cpriwjn. Conelusions relating to going toncern In audibrKJ finarKial ststements, wè have CCffld￿Jed Ihat Ihe tru5tees' w of fv goir¥J concem ba￿$ of accounting in the preparab.on of the fiwcial sLitements is aFprcpriale. Based on the th we have perf￿ed, we have bjentified any material unCethnt￿S relatirg to events or tonditions that, irKIivKlually or cdlethety, may cast ￿￿ffiCant th)ubl on the chwitable ccffipanls ability to continue as a gciry ¢cr￿ern ts a FWKXJ of at least months trcth ￿en finanual statements are aUth￿Sed for issue. Our r￿pOnsIbl1111￿ and r•sponwbili1i￿ of th• tt￿tee$ ￿￿1h respect to going c£mcem are desuibed in the relevanl seCtiC￿5 of this re Page 13 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE BERKSHIRE YOUNG MUSICIANS TRUST (OPERATING AS BERKSHIRE MUSIC TRUSTI ICONTINUEDI Other inf0m￿￿.0Tr The other infcffl)atien comwises the included in the Annual rewt other than the financral statement5 and wr Audrtors, reFrfXt therecffi. The trustees are responsible the other infonnab.on contained qthin ￿ Annual repc¥l. l)Jr CPIn￿ on ts fin￿la1 stslements does not cover the other infomialion and, except to the extent othe￿Ise eX￿1¢￿Y stsled in reF&¥t. we (*) not expyess any fom of assurance conclush)n therec￿. Our iesponsibiltty ts lo read other infcffmatKn arKI, in doiThJ so, consider whether the other infom1alic￿ is materially InC￿￿L51ent the financia slatemenls kTr￿e&3e obtained in the cowse of the a￿lit, ￿ otherwise appears to Ix malerilty misstated. If we identify such material I￿nsisten¢￿$ or apparent material mi%ststements. v* are requ*ed to delemiir£ Nthether this gives rise lo a material misstatement in the financval statements themsdves. If. based on ts wyk we have Perr￿Med, we C(￿ClUde that there is a material misststement of tiys other inf￿ra￿. ￿ ¥e required to reFUt that fact. We have nothirwj to repyl n this regard. Opinion on other matters prescr*•ed by the Companies kt 2006 In our oprion. based cn the wcrfk Lr•Jertaken in the ¢tyJrse of the autht.. the inftjmiatl￿ given in ts TnL8tees' ReF#Yt tr￿ frwKial year the financial statements are pryed is CL￿$45tent the financid staternents. the Trustees. Flewi has teen wepared in acwrdance IMth legal requrements. Matters on which we xe requirnd to rep(xt by exception In the I￿h1 of our kr￿vAedge understsThJing of Ch¥ita￿e and its enwrcfflmenl c1)tair￿ in the ¢wrse of the wdrt. we have not thntrfwl m*rial rrisstalements in the Tntstees. RepcAt. We have nothirKJ lo reKX)rt in resFect of the follwfj mattws in relat￿ to vh¥ch CLYnw¥es Act 2006 requires us to rewt to ypu rf, in cwr (pini￿. adequate acccAmtsrYJ reeuds have not been kepL rA retwns adequate *KIit have ￿t been received Irom branches not visrted by us." or the financial statements are not in agreement Mlh ts a¢i>)unting records and relwns,. c certain disclosures of tntstees. reMur*ratP￿ s[￿rf￿d by law are ￿1 m*; or we have not received all the infcthiaticfi and explanalicns we require fcf our aud¢ or the Intstees vffje rbjt entiUed to Prepare the f￿￿la1 sL*ements in acCOrdar￿ with the small ccffipanies regime and take thantage of the small ¢￿￿les. exempts"C￿S in preparing the Trustees, Rewt and from the requirement to wepare a Strategic ReFrt Responsibilities of trustees As exrAarMd more fully in the Tnjslees. resFrfisibilitie5 ststernenL the tru5tee5 IvhD are also the directcfs of the charrt*Jle company ts the purposes of company lawl we resF*X6it4e for the prewats"￿ of the financial statements and bw.ng satisfied Ihat Ihey give a true and fair view. and such intemal C(￿tr￿ as the trustees detemiine is necessary lo enat4e the pr￿ra1]On of financial 5Litements that ￿e free from malersal misstslement, whether skn lo error. In prepariry the statem￿. the trustees ¥e resFKMSt)le ￿ assessing the chalita￿e oxmpaWs alxlty to ￿)lInUe as a going c(￿¢*M, disck)sing, as appl￿the. matter5 related to going Cc(￿rn and usrg the going concem basis of acwjntiry unless the trustees erther ￿tend to IkW￿te the chan"la￿e company or to Cease Operati￿$. or have ro realistic alL￿tiVe but to do ￿. Page 14 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE BERKSHIRE YOUNG MUSICIANS TRUST (OPERATING AS BERKSHIRE MUSIC TRUSTI ICONTINUEDI Auditors. responsibilities forthe audrt of the financial ststemenls We have been apFrf)inted as *jdit￿ secticm 145 of the Charilies Act 2011 rewt in act4)rdar￿e vAlh the Act and relevant regulatKns made ￿ ha￿n9 effect thereLnder. r c*Jjectives are to ¢)btain reascvwtde as$ww￿e at(xrt vthether the fin￿ela1 statements as a ￿le are free from material misstatemenL whether due lo fraLad cf err￿, to issue an AUdIt￿5. re￿1 that includes our opinion. ReasOna￿e assur￿ is a h￿h levd of assurance, but is not a guarantee that an audrt conducted in accordance wth ISAS IUKI will aws detect a malerial misststement ¥then it exists. Misstatements can arise from fraud or error are ccnstyde￿d materia rf. Individual￿ c* in the aggregate, they could reasonabty be expected lo infiuence the ecCrfKrfn￿ deci5Kfis of users taken basB crf these fIna￿Val $tslements. Because of the inherent limitstions of an abjit. Ihere is a risk that we will not detect all irregularibes. including those leadir¥J lo a material misstatement in the ffinanc￿ ststements LY Th>K￿PIl3nCe regu1alfv￿. This nsk increases the more that ComF41￿ wlh a law ￿ wulatKn ts removed frcm the events and transactions reflected in the financial stslements, as vall be less likely lo beCc￿e aware of instances of non-cc¥nplrance. The risk is also greater regardiry Yregularrtie5 due lo fraud rather Ihan error, as fraKI invc4ves The spe¢ffi¢ wwedLre$ ts this er#Jagement Ihat we deygned *KI pwfomied to detect material misstatements in resF*Ct of irregularities, indudirwj fr￿d. were as fd10￿". Enquiry of manJJement. those charged govemance arc￿Tr￿ acbjal and potential litigation and claims: Enquiry of marwJement to idenlfy any instances of nOn￿)mplianCe wth laws regulalirms; Reviewirvj minutes of meelirKJ of those charged vAth 0)vem￿ce.. Reviewing financial statement dis¢k￿UreS testirg to wting dOcthmentatic￿ to assess compliance wlh aFpIKable laws and regulat￿ts: Perfomiing audit wor* over the risk of management override crf contrrjs, including testing of froumal entr￿5 and other èdjustrnents frA aFprowaterw, evaluating Ihe lyJsir*s$ rationale crf S￿￿￿cant transactions ¢xJtsKle Th)mial ￿Urse of bu￿ne$S and a¢￿￿nti￿ estimates bias. A fuflher descripkn of cw responsibililies for the wjit of the finarrial statements is Ictated cn the Financial Rwrting Council's website at". ￿.fre.01 .Ukja￿1tCryes sikn"lth'es. This de5￿P1￿ f￿m5 part crf our Audrte¢s' reF•Jt. Use of our rep¢)rt This rewt is made sddy to Ihe chwilable cc¥np*s members. as a W, in acc&Ydance v￿th Chapter 3 of Part 16 of the Ccfflpanies Act 20C6. Our aLbJit wk has teen undertaken so that might state to the charitable companWs members those Matte￿ are required to st* to them in ￿ Auditwj. reFVrt and no other purpose. To fvllest extent F¢￿rtted by law. we (b not accept ￿ assume reS[￿sIbI1ty lo anY(￿e other than the charitable ￿npanY ts merrt)ers. as a bth. for ow aAIit %th. kn this report. or for tr* opiniMs we have fomied. Page 15 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE BERKSHIRE YOUNG MUSICIANS TRUST (OPERATING AS BERKSHIRE MUSIC TRUSTI ICONTINUEDI DaTren O'connor Bsc (Ho￿) ACA FCCA ISeni¢x sLthrtory audilor) for 8nd on beha￿ of James Cowper l(reston Audit Forbury Road ReadirKJ Bethshire RG1 1AX Date.. 16 February 2026 Page 16 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) STATEMENT OF FINANCIAL AcnwTIES IINCORPORAnNG INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ￿DED 31 AUGUST 2025 Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Income from: ations grw chan"ta￿e a￿"t￿$: Fees Govemment fundir Ot￿r music related &tiMties Orchestra Lix rel Investments Other 1￿me 33,825 21.193 55,024 33,361 2.753.531 2.753.531 1.419.056 515.729 120.663 21,179 28.520 2.812,069 1.223,959 1.419.056 515.729 120,663 21.179 28.520 24 19,048 28,589 Total income 1.452.881 3,460.821 4.913.702 4,567,19J Expenditure on: Raising funds Charitalle athbes 55,418 3,292.473 55.418 4.509,631 55,925 4.429,493 1.217.158 Total expenditure 1.217,158 3,347,891 4,565,049 4.485.418 Net incorne before net gains on investments Net gains on investments Net movement in funds before other recognised gainsl{10sses) 235,723 112.930 23.969 348,653 23,969 81, 777 18,435 235,723 136,899 372.622 100,212 Other rxognised gainsl{lossts): Acluarial Ilossesygains ￿ defined er*fit Pens￿ schemes 343.￿0 343.0 (69,CQO) Net movement in funds 235.723 479.899 715,622 31.212 Reconciliation of fund5: Total fijnds broLuht fcrfward Net movement in fuTrts 45.778 235,723 2.399.284 479.899 2,445,062 715,622 2,413.850 31.212 Total funds carried forward 281,YJ1 2.879,183 3,160,684 2.445,062 The Statement of Fin￿￿1￿ ACtsv1h￿ all gairs arNJ l(6ses reCt￿l$ed in the ye¥. The notes page5 21 to 51 form pat of these finarrial statements. Page 17 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn IA company limited by guarantee) REGISTERED NUMBER: 1673689 BALANCE SHEEr AS AT 31 AUGUST 2025 2025 2024 Fixed assets Tangible a55ets Investrnents 14 15 1.695.184 f.546.9S4 100 1.695.284 1.547,054 Current assets Stoc*s Debtors Investments Cash at aTrJ in hwKI 16 17 18 12.5C 462,780 639,984 1.508.983 282,275 615,394 1,368,964 1624.247 2.266,633 Current liabilities Creditors.. amounts fallwwj vAlhin one year 19 11.146.711) (1,016,489) Net eurrent assets 1.477.536 I.2￿, 144 Creditors.. amunts falliNJ due after more than year Net assets excluding pensi¢)n asset I 112.136) (12,136) 3.160,684 2,785,062 lia￿lty 28 (340,C(Q) Total net assets 3.160.684 2,445,062 Page 18 vir￿ls￿)raLYèTr￿&th￿Tr Rd. zH￿vC￿*￿GPTh 11 Feb ￿ 1352321wr (urc*OlO Irip21I53 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRUST) IA company limited by guarantee) REGISTERED NUMBER: 1673689 BALANCE StrE￿ (COtiriNUED) S AT 31 AUGUST 2025 2025 2024 Charity funds Restrthd lunds Unrestricted furKIs Unrestricted furKls exdLbJirvJ pension asset Pension reserve 21 281,S11 45, 778 21 21 2,879,183 2, 739,284 (340.OCQJ Total unrestrithd fuTrJs 21 2.879.183 2.399,284 Total funds 3.160.684 2,445,062 The trustees ackn￿￿edge tsr re$r￿Sit4.1￿es for o)mF4yry V￿1h the requ¥ements of the Act resFect to accounb.ng records and yeparalim of finan0* statements. The financial ststemenls have been wepaed in accrAdm 4Mth tr* PYOViSiLrn appI￿able to entities Su￿.eCt to the small eompanies regime. The finanaal statements apwoved and thsed ￿ issue bythe tr￿tee$ and signed C￿ t￿￿'T behalf by. J Carroll chairm￿ of Trustees Dale.. 11 February 2026 The notes on pages 21 to 51 fm wt of these fin￿1* statements. Page 19 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) STATEMENT OF CASH FLOWS FOR THE YEAR ￿DED 31 AUGUST 2025 2025 2024 Note Cash flows from owkn'ng activities 24 354,014 203,077 Cash flows from investing adivities Interest from investments Purchase of tsrKJible fixed assets 21.179 1230,583 19,048 (64, 105) Net cash used in investing actNities 1209,4ts11 145.0571 Cash flows from financing activities RepayTnents of hire wythase c¢￿ts 14.591 (9,182) Net cah used in financing activities 14.5911 19.1821 Change in cash and cash equNalents in the year Cash cash equwalents at the teginnirKJ of tr* 140,019 1.368,964 148,838 1,220, 126 Cash and cash equivalents at the end of the year 25 1,508,983 7,368,964 The notes i)n pw 21 to 51 fc*m ￿ ofthese finartial statements THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 General infommtion The Be￿$hIre Young Musiuar6 Tr￿t 1$ an inccwjrated clwty limited by guar￿tee. 11 is registered in England and Wales wth charity registered 284555 cc4npany numter 1673689. The principal addres5 of the Charity ts 100 Cockney Hill. Stcneham c￿rt, ReaJirvJ. Berkshire. RGJ) 4EZ. Accounting policies 2.1 Basis of prewation of financial ststements The finarKo1 statements have been p* in valh tr* Chariknes SORP IFRS 1021 . Acec*JntiThJ and ReportirYJ by Chaities." Statement of Recommended Pr*ice apFAicable to charities prepariry tsir accounts in accordan￿ the Fin￿￿￿1 Rem'w Standard applubse in the UK and RepublK of Ireland IFRS 1021 leffectwe 1 January 20191, the Financial RepO￿Thg Slarthrd applKable in the UK and Rep￿lIC of Irel* IFRS 1021 aThJ the ¢(￿PanIeS Ad 2006. The Bwkshire Young Mvsicians Trust {cper￿1r￿J as Be￿shIre thjsic Trusll meets the definibon of b1￿ benefft enty under FRS 102. Assets arKI liats.lths are inrtialty recoJnised * historical cost or trw$8cti￿ value wdess ot1￿￿￿e Ststed in the 1dev￿t acMuntiryJ policy. 2.2 Going concern As at 31 A￿U$l 2025 Ihe balance shm net assets of £3.180.284. c(￿p￿ed to £2,445,062 at 31 Awsl 2024. Thc irtt¢as¢ in *sets rell￿tr thg wrront ygar oporating St￿[￿. T&%ing this into account and together ¥Mih a Str￿ nel current asset p)srticn. the Tntstees have r￿￿Onable expectati￿ that the ecfflpany has adequate rescrfjrces to continue in operatienal existence the f￿eSee0b1e lulure. Actt¥dingly, the Trustees ecfjtinue to a(kJpt the going contsm ba￿5 in pty¥vJ the fin￿￿1 statements. 2.3 In¢ome Fees Fee$ represent amwnts Charged lessorts and ensembles and are attounted for on an accruals ba￿$. Assistance wth gross fees and fee remiss￿ts L¥ included in expenditure as Charitable Voluntary incorne Voluntary income (tfflprises leg￿e$ and other dcffjations vthich ￿e made aVaila￿e for the general purposes cl the company. Tlw are re¢owised ¥then the amounts are receNed unless there is suffiuent evidence to FIOVKle the necewry ¢e￿inty that the legacy or ¢S)nation will be rtteNed and that the value of the inc¢Jming rescAJrees can be measwed w￿1h sufficient reliabilty. Donations and grants Government funding Pa￿nents rewved under Arts c￿￿1 Engla￿1 arnl any of the Unitary Aulhoribes of Berkshire to subsKlise the kYOViSKm of M￿1¢ tu111￿ seN(*s are rec(>Jnised in the Stslement of Finarrial Activities in the to thid) fv ap￿. Events, course¥ concerts and tours Ir￿*￿e from events, c￿r$e$, concerts and t(¥J￿ rewe5ents monie5 charged for tours, receipts frcfn ¢erf￿rts and other furKlraisng. These mcfiies are acCc￿ted an accruals basis and matched Page 21 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 Accounting polities leontinued) 2.4 Expenditure Expencknxe is rec(￿ised once there 15 a legal cf c*Jligth"on to transfer eccmmic benefrt to a third paty. rt is wobable that a tr￿sfer of eccmmic benefits will be required in setllement aThJ the wnwit of the rtslwjabon ￿ be measured rdi*y. Expenditure i8 classffied by activty. The costs of each &bvrty &e made up of the total of direct costs and shared costs, indudiry SUp￿t costs involved in undertairy each ath"vty. ￿"rect costs attributable to a sir4Jle activty are allc¢ated directy lo that xtivty. Shared costs ￿1¢h conlribute to more than one activty and SUFpJ1 costs ¥thith are not altribut&•le lo a single activty are ap￿rtic￿Ed behveen those actiV￿eS on a ba￿S cC￿lstent wrth the use of resourc￿. Central staff costs are 4lo¢*ed on the ba￿$ of time spenl, depreciati￿ ch¥ges dk¢ated the of assefs use. Expen¢alure ￿ r•sing fund5 ￿ all expendilwe inwred by the ccmpany to raise fLn(ts ft>r ts charrtable purposes ￿ indth ￿ of all fwpjraising actNitres events aThJ rKrrfharitable trèJing. Expen¢thture cn charila￿e actiwiies is iwrred on th"redly uThJwtakirvJ Ihe acbvibes fvrther the c(¥npanys obiects"ves, as as any associated SLVWt costs. Supwt administrat1￿ ts)sts *e ¥4rt wxoss actsvitM l)a5is Lrf estimated spent. 2.5 Interest receivable Interest ¢4) I￿}d9 held ￿ dep)srt is Ir￿u(lea vthen and the amount can te measured by the Cur￿￿. this is r￿￿allY LWI notsficaticn cl the intwest paKI (Y paydble by the institLrtth with whom the knds are deFOS"ted. 2.6 Taxation The company 15 considered to pass the ￿$ts set in Par4raph 1 Schedule 6 of the Finance Act 2010 ￿￿] therefore it meets the definrticffi of a chan￿e crynpany UK Wat1￿ tax purpos￿. Aceefdingty, the ecffipany is potenldty exempt frcfft taxaticffl in respect of income or capital gains received wqlhin categories ￿￿ered by Chapter 3 Part 11 of the Cwatien Tax Act 2010 or Section 256 of the Taxalion of Chargea￿e GaIr￿ fv£t 1992. to the extent that suth inc<>me or gains are aPpl￿d exduswely to charrt￿e wrFose5. 2.7 Tangible fixed assets and Ikpreciation Assets that irKINidualty cost less than £5C¥) are Th)t capitalised. The cost is WTitten off lo the Stslemenl of Financkgl A(*vilies in full when purtha5ed. Assets that have been ￿ated are capitalised at their full mthet valuE at the b.me of O)nathJn and dePre￿ated. The value of the ¢sanat￿ is treated as ineome in the Statem￿1 of F¥W￿al Actsviks as a restrictgj fund. T￿gI￿e fixed assets are initi'alty recc#3nised at cost. After recc*Jnrfion, under the cost modd. tangible fixed assets are measured at cost less xcumulated deyecikn.on and any xcumulated impaimient losses. AJI costs incurred b bn.ry a tangitle ￿ed asset into ts intended w)rking ¢(￿ltiOn sh￿Id be induded in the meaSurem￿t d (xjst THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 Accounting polities leontinued) 2.7 Tangible fixed assets and thpreciation (eontinued) [jew￿latiOn is chty so as to ￿k￿te the cost of taryl￿e r￿ed assets less their residua value over tsir ests'mated useful Iwes. ￿l1vj the StraVJht4r￿ methc•J. Oepreciati¢)n is wovided on the fc4knAtvJ bases: . At and 5% of eost - At of eost . At of cost - At 33% of cost - At 20% of e4JSt Motor vehicles Fixtures and filtir Ccthixrter equipment Cther fLxed assets 2.8 Investments Investrnents are stated at the market v&e iTrJKaled by ts Rewt of the Investment Managers to the trustees at ts Balance Sheet date. Any resuw urwlsed gain or k)ss 1$ tsken to the ststemenl of Fi)ancial ACts'Wt￿. The Berkshire YourvJ ￿￿51Clan$ Tn￿t has a fiAIy Sthidi￿ cdled Maestros Enterpnses 'mited, c¢Jnpany number 11609495. GrJJp accounts have not been prepared as the sthidiary is r￿1 material to the groLP. The re5uMs of the SubsvJi￿ are discknsed in Th)te 33. Inveslments in subgdiaries xe valued at cost Itss for impaim)ent. 2.9 Stocks Stetks are valued al the l¢)wer cl eost nel realisaè4e value after makirKJ ¢hJe albwance for cknx)lele arKI slcw-movir¥J stctks. Cost all d￿e¢t costs and ¥b apYOpr￿ privjrt1c￿ of fixed and varia￿e overheads. 2.10 DebtQfS Trade and other debtcts are reecgiised at settknienl ￿ol￿t after any trade discc4mt offw&J. Tnents are v4ued at am0￿1 wepaid net of any tr&Je disc￿nIS due. 2.11 Cash at bank and in hand Cash at bark hand Ir￿ude5 c*h ¥¥J shc4t.tem hthly IKiiid irjvestrr￿ts V￿lh a short malurty of three months LY less tr￿n date of ac¢YSrf￿ or cpening of the deposit or similar 2.12 Liabilities and provisions Liabilrb"es are recwised when there (*)lW￿ at the balance sheel d* as a result crf a past evenL it is prc4)*)le thal a transfer of eccfiomic i￿efft will be required in setuemenl, and the amount of the setdement can be estimated relia￿. ￿a￿l￿e5 we recoJnised al the amount that the ccrfnpany anliapates rt wll pay lo setue the debt (* it has r￿￿ed as advanc payTnents for the goods or serwces rt musl WOVKIe. 2.13 Financial instmments The c￿npanY onty has financiJ assets financial liabil￿e$ of a kind that qualfy as basK financial instnjments. Bas￿ fnan(aal inslTuments are inrfialty recI)gni￿￿ at transacti￿ value and $thSequ￿ty measwed at their setuement value. THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 Accounting polities leontinued) 2.14 Finance leases and hire purchase A%sets obtained urthr lure pwdHse Contra￿ a￿1 finaKe ￿SeS are caFXtalised as tangit4e fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful INes. Assets acquired by hire purchase are depreciated over their useful INes. Finance leases are those where substsntl￿tY all of the beneffts arKI risks of owr*rship are assumed by the ccrfnpany. o￿lgab"Cfis under such agreaments are induded m credrtors, net of the finance charge I￿ted to futtjre Fericth. The fin￿e dement of the rentsl payment is charged lo the Statement of financial aCtsV￿eS so as to a eonstsnt pericrtlic rate of tharge on the net oblwjation oulstandirKJ in each pwDJ. 2.15 Operating leases Renlals paKI under OFwabry leases are ch¥ged to Ihe Statement of financHI actimtses on a Stra￿ht line basts over the lease tem). 2.16 Pensions Teaching staff emrAoyed by The Bthshire Young mus￿1an$ TnBI are digible ￿ membership of the Teachers. Pension Scheme. wh￿h is a nat￿al. ststutw, conth'buw, unfunded defined ￿nefft scheme administered by the Teaclws PensIC￿ Awey, an executive agency of thè Department for EduCatiC￿. Pension costs are assessed in accc*dance Mqth the of the Govemment Actuary. AJ this is a mutts'-employer s¢heme w+K*se assets ond 118bill￿9 are not separately hlenfjflable, under Finanaal Rewliro Standard 102 'Posl4mkgownent Benefits" r( is treated as a defined ccfilribution sd*me hilh a charge to the &C¥)unts fcf Ihe ￿￿t￿.tr￿.c￿S PaKI and rdevanl discbsures about the scheme as a vthole provided n note 28. Thè Bak$￿'re Ycmjng Musicians Trust has a funded defined benefft sd)eme ftx members of staff we Th)t elvJiWe to jcin bhe Texhers. Penstin Scheme. The assets of this scheme are admnislered by the Row cC￿ty of PerkshiTe pens￿ S¢￿1e. This is also a mulli-employer sd*me, but the assets and IkitM"1￿.ts relatirvj to The Berkshire Young MusKians Trust are separately identsfwlle arKI are accounted as ￿￿1r￿j lo The Bthshire YouTrJ Musicians Trust. The financial statements tske accO￿t of the ￿nUal v￿uali0n of the thfined benefft scheme undertaken by the Fen5iC(b furKfs actuar￿. Actuarial gains and losses ￿lSIr0 frcffi Lpjatiry the latest actuarial valuation to refflect condthons at the balance sheet date ￿e recDJni5ed in Ihe gains ￿ l¢)sses seclion crf the Statement of Financral iviti"es. Mrye details We in rKle 28. Page 24 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 Accounting polities leontinued) 2.17 Fund accounting Unre51ricted furKls are availab￿ for ￿ at the diScretiC￿ of the trustees in f￿lheran￿ of the general DeS￿nated funds c¢)mryise unrestricaed thmd5 that have been set aside by the trustees for parts'cular purposes. The aim use oflhe Iksy*d is set cmrt in note 21 to the financial statements. Restn'cted funds are t￿e fur*Js vthere have been reeaved for a srttific purpose and are matched awnst the experKliture as wKured. THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 Critical aecountirrfj estimates and ¥eas of1￿1gement Estimates and jLbJgements are o)ntinualty evaualed are based on historical experience arnl other fact￿S, inc1￿J1r￿j eXK￿latscth of future events that are believ&J to be reasonable under the Circ￿nstanCes. Critical a¢c¥Junting estimates and assumptions.. The C(￿panY makes eslimates assuMFlk￿S concemiry the fuiwe. The resultirg acLounting eslimales and assumpt.ons wll, by definth"on. seld(m equal the rdaled a￿al results. The estimates and a5$￿1P1￿S that have a S￿￿￿¢ant nsk of ¢ausiwJ a materia adjusknwbt to the Carr￿ng amow)ts of assets Wbd liabil￿e$ v￿thin the next finanaal star are discussed bel￿. Crib'cal areas ofjth*Jement'. Tangible fixed assets Tangible fixed assets are depre¢￿ted over th￿ useful INes tsking lito ￿￿nI residual vaues. ￿ere apprq)nate. The actual lives cl the assets and resKlual values are assessed annualty and may vary depending ￿ a number of factos. ResKlual value assessments consKler issves such as tt)e meaning lrfe oftr* asset ard Fwqeded disFwI Val￿5. Bad debts Using infcimation aVaila￿e at hle balance date, the ceffl￿y makes a judgement based on experience regardirvj the level of rrf0vis￿ rewired to a￿nI potentsalty uncollethble debtors. Pensions The yesent value of t￿ Lttal Govemmeni Pensim Scheme defined benefft IHbilty deFends on number of facltys that are delemiined on ￿ actuarial basis using a variety of assumptions. The aSsLMplfv￿ used in detenniThrrfJ the net o)sl linc(￿e) pensw)ns indL*Je the carrying amount of the pensk)n Iklbility. Furtr*mc*e a rdl fcTh*d apFYoach wojecls results frcln the latest full actuarial valuakn perfomied al 31 Marth 2022 has LEen used ty the actuary in valuirKJ the Fensions liabilty at 31 August 2025. Any drfferences kets%een the tuwes derNed frC￿ the roll fwwd aFproath a fvll actuanal valuatie¢b %￿Uld impact cfi the t￿l¥j ￿(Ant of the pens￿￿ I￿lIty. Where an actuarial valL￿ti￿ of the LGPS at the balartt sheet date that the pension scheme is in nel asset p)$￿¢￿, the Tntstees make an a$￿Sment crf whether it is likely Ihat the Academy will be able lo recover shwe of the net assets n the scheme vthether by reducticns in ccrfirmed future contributicn levels ￿ by refLnds of a￿ts frrmn thè plan. Where rt Is effisidered virlualfy certain that the Academy wll be able to ￿aliSe its share of assets in the scheme, the Academys shwe of those nel assets is recojnised as ￿ asset on the bal￿￿e sheeL Where *)ilty of Ihe Academy lo recover its Sh￿ crf plan asset will I￿lY be o)nfinred by mc*e future events this is regarded as a Ccnb'twt asset.. in these circumstan￿$ no asset is reccgnised and the LGPS 15 induded in the Balance sheet at £zero, any cC￿reSE￿￿dir1j re(hjcti￿ in the ¢al¢ulated value of the asset passing through 'Actuarial gainslllossesl on defined benefft pens￿￿ thmes. Mqthin the staleM￿t of Financial A¢tivits'e5. The existence and ￿n￿lt of a conlirwil asset is in¢l￿ed wilhin the Notes to the accounts. THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 Income from donations and grdnts Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total lund5 2024 21.199 21.199 33,825 33,361 Grants 33,825 33.825 21.193 55.024 33,361 Total 2024 24,617 8.744 33,361 Investment income Unrestricted funds 2025 Totsl funds 2025 Total fvnds 2024 Bar* interest received 21.179 21,179 19,048 T(*al 2024 19,048 19.048 Income from ch*it•ble activities Restricted Unrtstricted funds fun(ts 2025 2025 Total funds 2025 Total fvnds 2024 Fees (see rv)le 71 (ksvemmenl fundiThJ l￿be1 MUSK related ￿ti￿lIeS (see note 81 Cfchestra lax rel￿f 2.753.531 1753.531 1.419,0&fj 515.729 120.663 2,812,069 1,223,959 450, 145 24 1.419.056 515,729 120,e63 1.419.056 3,389,923 4.808,979 4,486, 197 Total 2024 1,223.959 3,262,238 4,486, 197 Page 27 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 Fees 2025 2024 Le5x￿S and ensembles 2.677,891 75.637 2.779,917 32,752 2.753,531 2.812,069 Other Music related inc4yne 2025 2024 Examywtim lees In$trLvnwrt incc¥ne TOUTS Ccncerts Cwrses and vAxksP Ineluglon proJ•ets 39,754 137,283 141,592 161,752 10,203 25,145 43,497 130,555 99,349 159.533 17,211 515,729 450,745 Analysis of charitable expendrture by activkies Activtties ant undertaken funding ol Support directty activities Costs 2025 2025 Total funds 2025 Total funds 2024 2025 M*etirwJ costs Charrtable finalcia SUFI)Crft Teaching costs Music related costs Events, courses. concerts and tour5 Pensi￿ adjustment Govemance costs 21.5LK) 21.5 167.007 3.549.255 428.963 33,363 173,299 3.593,404 468,021 167.(M)7 2.620.842 428.963 928,413 235.178 235,178 201,916 f69,OCQ) 28,490 104,728 104.728 3.306.483 167,￿7 1.036,141 4.509.631 4.429,493 Total 2024 3,560,341 4,954 864, 198 4,429,493 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 Analysis of Supp￿ costs 2025 2024 549,013 70.133 550, 156 57, 786 3,540 120,223 3,299 21,278 23,276 Depreciab"on Travel costs IT costs Post&Je Tdecommunieations Staff training Recruthent 86,512 1,084 14,410 12,1S% 4,850 L 11 Inswance Bad debts Bank charges Repairs ￿ maintenarKe Premises rx)sts Legal and Ffofession AL*Jitorfs remuneratKYb Pensieffj adjustment 33,184 13401 28,353 41,703 117.319 41,606 29,938 28,276 9,413 24.162 38,647 64,498 7,886 (69,CQO) 1,036,141 910,648 Fwt aThl •JmYiislTalicn cy)sts are Wit L*tseen teachirg o)5ts and musie related eosts in the ratK> of 88% and 12% resFrttively. The total alIC¢at￿ is.. teathry costs £882,60212024'. £837,0191 aTrJ music related costs £120.35512024: £114.1391. 10. Governance costs 2025 2024 A￿Jit0￿S remunerat Other profesSCfi￿ costs 29,938 41,K 7,886 71,544 28,490 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 11. Unrealised gainlllossl on investment 2025 2024 Gainsllbsses) on investm￿1 assets 23,969 18,435 For the yew endirwj 31 A￿just 2025 the inve5trnen¢ ii LF Ruffer resumed in a reJised gain of £23,969 12024.. £18,435). The ftmd was dI￿$ted in July 2025 the pr￿eedS invested in IFSL and Ragslone. 12. Net Incomel{expenditure) This is stated after thwgiffj.. 2025 2024 Dewecialion 0ftwi￿e fixed assets A￿lit01S remuneratKfb 70.133 29.938 68,278 DLmg t￿ ￿r, rK* t￿te*S r¢¢eNed any rwnwwation12024 . £NILI. DLfiThJ the year. no trustees re￿Ned any benefits in kind I￿24- £NILI. DL¥irvJ the year, ￿ tr￿Stee$ receNe(l arry reintsTremwt of exFerws12024 . £NILI. THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 13. Staff costs 2025 2024 Wages and salaries Naiional Ir6urance cos 2.317,149 237,448 513,929 2.309,887 202,536 574,931 3,068,526 3,087,354 The average number crf emthed by ts ccrfnpany thwirvj yew wa5 a5 2025 No. 2024 No. Full time management and almirlstratc Part time manwent and th#itslralion Full time teachers Part b.me teac￿r5 21 14 21 22 47 18 101 104 number of emknes emkne bel￿ lexdtyj'ng emther pensicn costs) exceeded t60.(￿ was.. 2025 2024 No. In band £80.(YJ1- £70.LKM) DwiThJ the rernWatic￿ pavj to key M*weM￿ perS￿n￿. rbchAir*J natffial insurance contribulicfis. trtaI￿ £78.403 12024: £145.1431. Page 31 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 14. Tangible r￿ed assets Fixtures Motor and vehicles fittings Computer and office Musical equipment instruments Land and buildings Total Cost or valuation At 1 September 2024 Addilic 1,754.727 40.917 140, 1.512 265,677 20,556 505,265 208,515 2,706,678 230,583 At 31 August 2025 1.754.727 40,917 141.604 286,233 713.780 2,937.261 Depreciation At 1 September 2024 Charge f(Y the 291.077 34,277 I6,￿ 107.285 8.184 14,044 244,020 14,702 500.976 11.146 1.159,724 82.353 At 31 A￿U$l 2025 325,354 24.550 121,329 2S8,722 512,122 1,242,077 Net book value At 31 A￿U$l 2025 1.429,373 16.367 20.275 27,511 201.658 1.695.184 At 31 August 2024 1,463,6 24,551 32,807 21,657 4,289 1,546,954 Page 32 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 14. Tangible r￿ed assets {continued) Included in buikJirvJs is freemd at vauatKm of £346.747 12024: £346,747) is not depreciated. The free￿Id wcyety was revaI￿d ￿ 31 W 2014 by Thameshle S￿ve￿r￿j Ltd. Chartered sJrve￿ on a full vacant Fossessicfi basis. The cc*npany has the transIt￿al of thè Charthes SORP IFRS 102) and the valuat of free￿Id prcperty has not been updated sirtt the last valuatKn in 2014. If the land and tAik4ings not been reVa￿d they vK#Jld have been indthjed al following values.. 2025 2024 1,246,680 1,246,680 1620,3861 (588,017) Accumulated Dewwabc Net book value 626,294 658,663 15. Fixed asset investments Investments in subsidiary companies Cost or valuati At 1 Sepknber 2024 100 At 31 A￿just 2025 100 Net book value At 31 August 2025 100 At 31 August 2024 100 See note 31 fcf fwlher infomiation. THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 16. Stocks 2025 2024 Finished gx#Js and resae 12.5C 17. Debtors 2025 2024 Due within one year mounts due in relab'on lo tuiticffi fees moJnts owed by gr￿P urbjertakir Other debtors 202,482 11.193 187.870 61,255 170.341 ii,t93 70, 728 30,013 462,780 282,275 18. Current asset investments 2025 2024 Inve5trnent fvnd services limited Cash investments- Flagst( LF Ruffer ￿1 retwn fimd 189.984 615,394 639,984 615,394 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 19. Creditors: thounts falling due within one year 2025 2024 TT,193 ,083 4,591 6,419 41,OTO 4,591 100 964,309 Ollw iaxaiion %￿al secuity I￿)I￿atiC￿5 Lmder hire wychase contracts Attruas and deferred income ,270 1.146,711 1.016,489 2025 2024 Deferred income Deferred irwme at 1 September 2024 Resources deferred during the ye ounts rdeased from yevK)us 9)4,539 761,315 936,080 904,539 I￿,539> (761,315) Orr￿ incom• at 31 August 2025 936.080 904,539 The Companls c4ilpJatk￿ wder hve wrd*e ttrftracts ¥e by the assets acquired urthr these agreements. These assets serve as cc4Laleral fcff the cxrtslandiTrJ hire purchase liabilities. 20. Creditors: Amounts falling due aftew More than one year 2025 2024 12,136 12, 136 The Companys obligatKXlS under hwe e4)ntracts *e se¢Jxed by Ihe assets acquired urtrjer these agreements. These assets serve as cc4bleral for the ¢yJtstarKlir#J hire purchase liabilrties. THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 21. Statement of fvnds statement of funds- current y Balance at 1 September 2024 Balance at Gainsl 31 August (Losseg) 2025 Transfers inlout In¢ome Expendi￿re Unrestricted fund5 Dèsignated l￿d5 Building maintenance IT devdopment fwd Tour funds BMT Burwy 36.482 {9.180} 45.OC#J 72.302 54,000 20,092 10.500 18,181 10.500 {3.089} Yogramme 3,000 122,163 {12,269} 159.894 General funds Generd Fund5 - all funds Pensicfb 2.617.121 3.480.821 13.332.622> 150.LU)I 23.969 2,719,289 1340,0001 {3,￿) 343,C 2.277.121 3,480.821 13.335.622} 150.¢YJOI 386,969 2,719,289 Total Unrestricted fund5 2,399.284 3.4eii.821 13.347.891} 366.969 2,879,183 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 21. Statement of funds {continued) 8alan¢e at 1 September 2024 Balance at Gainsl 31 August (Losses) 2025 Transfers inlout Income Exp￿dIt￿re Restricted lunds Riryfenced S￿￿50T a chikl UA disthant*Je d funds eenham Trust Counal England- Caprtal Instruments Grant Tcèy Fund Art) G￿ne41 England- TPS 11,866 5.926 {11.866} {1.570} 4.356 16,331 {2.698} 18.633 27.672 122.1721 5,9)0 261,576 1.153 {20.128} {1.244} 241.448 9.346 9.437 110,759 (110,759} s CLwncil England- ACE FuThJir4 Bwr Scmarship 1.046.721 11.046.721} 1.218 1,218 8erkyPhilip Trust Bursary 1,CKIO 45.778 1.452.881 11.217,1S8} 281,501 Total of funds 2,445,062 4,913,702 14.565.049} 366,969 3,160,684 Page 37 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 21. Statement of fvnds {continued) Restricted funds SpOn￿ra Child The fund used to $LPWt thiklren v4lh dIffi￿￿e$ highly tslented d)ildren cannot afftyd lo have indMJual tuitscn which is necessary for their tslent levels. Incc#ne from this accc*Jnl relates to th)nalicfis recaved. ExFerKlriure V￿1h1n the year relates to the fijnding towards deemed disadvantaged chiklren. Tr￿SferS iTrto this fvnd we mth from gewal reserves. subject to availabilty of Iwds musl be 4wroved by *ustees. UA disathiantaged fund Me¢*y is wovided by the UAS f￿ chiklren wlKs are disadvantaged and unatAe lo have music lessons. In order to obtain this specrfK fi￿1ng they mu51 SLKces$fvlty fill in a daim f¢ym in ¢xder lo prove their needs. The council is Th)knfied vthen the 1￿C￿e is expensed. Each I￿al Jjthorty has a seperale fund cfi thes Spreads￿￿1 arKI incclne ￿ exper￿￿re 15 411¢￿ed against eath C￿￿1. Arts Ct)uncil England IACEI Funding eerkshire Music Trust is n rtteipt of ftmdiry to 31 Awl 2025 dk¢ated by Central Govemment wa s Council England to suFpyt the Befkshire Music trknb delNer the Nationd Music Pl￿. Bethshire Music TnJst is leader of the Berkshire MUS￿ Fljb. Greenham Tn￿t Matched l￿dI￿ frc*n Greenham Crynrn￿ Tntsl. The Greenh*n c￿moTh trust have traditic￿allY fvnded 'mthle irthme. wpils are not eligible ￿ Fwil premium. This is not means testing therefore the chanty rdies on trust then allxab'rKJ tr4$ grant. Each puyl is given £80 per temi towards music itK)n and 8MT offer £10 per temi under the 8M Bursary. Greenham also ￿eed to further support prc¥ects such as a Rc¢k B￿￿ Project srurrfj carers. In 2025 we have hcwever a￿eed furKling of up to £50k up to April 2026 to be sp￿t on trAwsaries and also olher &Yqects - g) f¥ this year we have re￿Ived £23,238 of this £&*. Donated instruments Represents inslNments the c¥mwy by fr*rth other ttwsaticyts. C￿n￿l Engl￿ (TPSI furyl Berkshire MUS￿ Trust is in receipt of fwKlirKJ lo 31 Awt 2025 alk)cated ty Central Gobtrr*nent s c￿nCil England to swrt the costs in relation to pensw Scheme.. Foyle Foundation We apFAied a grant to cover the cost fA digilat equiFrfnenl requirgj lo suppNt online lessons; wetcams. laptops, MKTCFkn￿ etc. We also were able to purchase iPads lo enable music txoiects in altemative provi8KmS th￿kS to this ￿art Rock Band Project As part of ow new Strate￿1. v* stated a rock barwj project with carers in West 8erk5hire. This has not c￿ty gNen these Fryle a new fun ath.vty to ty tr￿rt also brought them tc¥Jelher in a safe space to escape frcffl their ￿ng res￿￿￿*>11￿es for a short length of time. The prr4ect were awarded by fin￿Cial SUPFKYI fr￿n The Miss LwerK* TntsL Englefield Charitable Trust and Greenhan TnJsL THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 21. Statement of fvnds {continued) The Toby Fund We contin￿1 to fundrase the Toby FuTrJ fcf the repair arKI maintenance of bassoorts which was setLP in memory of bass￿￿1St Tcty Dame5 died in 2013. The [￿d can also be used the development of hVLmg bas9x￿l$ts learning tl¥ough us at the Tnjst's discretiw. BMT Scholarship BMT Scholarship prowdes (w¥limth f￿ stLhYents face bJYiws to pr¢)yession in trÈir chosen musKal field. Schdar5hips will be awarded up to £1￿ per skndenl to be used towards the cost of music lessons. ensern￿e xb.wty or reshdentsal tn.ps and t￿1$. This $c￿larshiP is spe¢ffic￿ty famlies that are not digible f(Y any other finarKia sw)p)rt from BerksP4re Music Twsl IBMTI. East 8erkslPrin¢e Philip Trust 8ursary East 8ert(slPrin¢e Philip Tnjst Bursary is a fuThJing speuficafiy to SLPF BMT Burwy (23.￿) 36.482 74,( 21,131 io,x (20.CW) (2,950) 18, 787 10, ogramme 168.613 (46.4￿? 122,163 General funds General Fund5 all funds 2,544,822 3.318.619 {3,263,732) (1,023) 18,435 2,617, 121 (340.CW) (69,CQO) (340,GQO) 2,204,822 3.318,619 (3, 194, 732) (1.023) (￿,565} 2,277, 121 Total UnrestTiCted 2,373,435 3.318,619 (3,241, 182) (1.023) (￿,565) 2,399,284 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 21. Statement of funds {continued) Balance at I September 2023 Balance at 31 August 2024 Transfers Gain in/￿t (Losses) Restricted fundy ACE fiffiling Swsor a chikl UA 1.031, f 51 (1.031.151) (1,490) 6.416 5,926 disadvanty. d funds (>eenham Trust 16,548 (217) 16.331 2,670 (2,670) instrwnenls Rcck band oiect Covi¢>19 hardship Re5tncted . UA Disadvantage dFund- 8racknell F(¥est The Toby Fund s CcAJncil England- ACE FuThJi BMT Scmarship (7.539) 5,289 (5,289) 577 (577) 192,Kt8 3,8T3 (192,&)8) (1.740) 7,304 9,437 2031 9,535 1723) 1,023 11,866 (32) 1.218 BerkslPhilip Twst 40,415 1,248.576 (1.244,236) 1.023 45.778 Page 41 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 21. Statement of funds {continued) Total of lunds 2,413.8 4,567, 195 (4,485,418) f50,565) 2,445,062 Page 42 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 Summary of funds Summary of funds- current year Balance at 1 September 2024 Balance at Gainsl 31 August (Losseg) 2025 Transfers inlout In¢ome Expendi￿re Designated funds Genera furKIs Resthcted funds 122.163 2,277.121 {12.2691 3.4&).821 13.335,622} 159,894 2,719,289 I50,(M￿l 386,*9 45.778 1,452.881 11.217.158} 281.501 2,445,062 4,913,702 14,565.049} 366,969 3,160,684 Sumrnary of funds- prior ye Balance at I Sgptember 2023 8818nc8 at 31 August 2024 Transfers in/out Gwnsl (Losses) Designated fijnds Ggnerd furK Restricted funds 168,613 2,204,822 (46.4￿} 3.318,619 {3. 194.732) 122.163 (50.565) 2,277,121 (1,023) 40,415 1.248.576 (1.244.236) 1,023 45.778 2,473,8￿? 4,567, 195 (4,485,418) f50,565) 2,445,062 23. Analysis of net assets between fvnds Analysis of net assets between fund5. cunent y Restrrcted Unrestricted funds funds 2025 2025 Total funds 2025 Tangl￿e fixed assets Fixgj assd investments 1.695.184 1CQ 1.438,980 {1.438.9801 2.624.247 2.624.247 10.768 11.146,7111 112.1361 112.1361 1.695.184 1C Cwrent assets Credit￿5 the wthin crfle year Creditors the in mC￿e than ￿le {1.157,4791 Total 281,501 2,879,183 3,160,684 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 23. Analysis of net awts between funds (tontinuedl Analysis of net a￿ts between fvnds. prior y Restncted Unresfncted fvnds 2024 Total funds 2024 2024 Tangl￿e fixed assets Fixed asset investments CL1r￿t assets Creditors Ikn ￿￿thIn one yEar Creditors the in more than ￿ y ProwsIc￿S Ikakn'lities aThJ charges 1.546,954 1.546,954 lthj 2.220.855 2.266.633 (1,016,489) (1,016,489) (12, 136) f12, 136) (340,CW) (340,oc(I) 45.778 Total 45,778 2,399,284 2,445,062 24. Reconciliation of net movemenl in funds to net cash flow from operating activities 2025 2024 Net incune fcf tr* las per Statement d FinwKia ActsvIt￿) 372,622 100,212 Adjustments for: Depreciation charges RealisedluNealised gains cffi ¥Neslments Interest from investments Decreasellinc*easel in stoc*s Decreasellincreasel in debtors Increase ￿ credrtors FRS 102 perts1(￿ adI￿ent 82,353 123,9691 121,1791 112,9JOI 1180,5051 134,192 68,278 (18,435) (19,048) 109,880 31, 190 (69,CQO) Net cash provi(led by ¢)perating aclivitses 354,014 203,077 25. Anaty5is of cash and cash equivalents 2025 2024 Cash in harKI 1.508,983 1,368,964 Tc*al cash and cash equivalents 1.508,983 1,368,964 THE BERKSHIRE YOUNG MUSICIANS TRLKST (OPERATING AS BERKSHIRE MUSIC TRusn {A e(Mry)any limited by guwantee) NOTES TO THE FINN￿CIAL STATEMENTS FOR THE YEAR ￿DED 31 AUGUST 2025 26. Analysis of d￿nge$ in net