National Youth Orcheslro of Gr￿• Briloin Repor+ of +he Trus+ees and Financial S+alemen+s for Iheyear ended 30 Nov 2020 Company No. 1858278 National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 CONTENTS Reference SAdminislralive Delails Truslees, Reporl: Leller from NYO Chair Vision and mission Wholwedo 9-10 Whalwe achieved in 2019-20 10-18 Howwe Managed NYO 19-20 Financial Review 20 Reserves policy 20-21 Risk Manogemenl 21-22 Developmenl and Fundraising 22-23 Moniloring and Evaluotion 23 Fulure Plansand impacl of COVID-19 23 Slalement of Truslees Responsibililies 24 Reporl of Ihe IndependenlAudilors 25-27 Slalement of Financial Aclivilies 28 Summary Income and Expendilure 29 Balance sheel 30 Cash Flow Slalemenl 31 Noles to Ihe financial slalemenls 32-46 National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 The Truslees who ore olso direclors ol Ihe chorily for Ihe purposes ol Ihe Componies Acl 2006, present Iheir reporl wilh Ihe financial slotemenls of Ihe charity lor Iheyeor ended30 November 20Tr. The Truslees hove odopted the provisions of Ihe slalemenl ol recommended proclice (SORP)'occounling ond reportin9 by chorities, (FRS102). REFERENCEAND ADMINISTRATIVE DETAILS Re9islered ComponyNumber 1858278 Re9islered Charity Number 290598 Re9islered office 10 Greol Turnslile London WC1V7JU Truslees John Singer Choir Dovid Bulcher Dono9h Collins Lyn Flelcher Andrew Gombrell Luke Moyhew(resigned 27 Jonuory 2021) Mozdok Sonii Finonce commillee members Andrew Gombrell Choir Luke Moyhew (resi9ned 27 Jonuory 2021) Mozdok Sonii John Sin9er Senior Manogemenl Teom Soroh Ajexonder OBE- Chief Execulive & Arlislic Direclor Tim Foxon- Finonce 8 Adminislrotion Direcloi NicoleHe Show- Developmenl Director Mel Spencer- Communicolionss Morkelin9 Director Croi9 West- Artislic Plonnin9 Director RoyolPolron HRH Th• Duchess ofcornwoll Founded by Dame Ruth Roillon CBE in 1947 Companysecrelory Tim Foxon National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+h• year •nd•d 30 Nov 2020 IndependenlAudilors Soflery Chompness LLP 71 Queen Viclorio Slreet London EC4V4BE Bankers HSBC Bonk PIC 79 Re9enls Slreel Kin9swood Brislol BS158LH Olhorbonkers Lloyds Bank PIC 697 Fishponds Road Brislol BS163UJ National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 We would nol hove suNived if il were not for Ihose who help us re9ulorly lo cover Ihe ineviloble 9op between revenues ond cosls of a sociol-lmpocl choriloble orgonisolion such os NYO. This yeor we ore parliculorly 9rolelul lo Arts Council England ond DCMS lor Ihe oddilionol funds which Ihey mode avoiloble lo corry us Ihrough Ihe crisis. But, equolly, we afe so groleful lo our individuol donors who os well 0$ supporlin9 us finonciolly, hove also provided such amozin9 morol supporl Ihrou9h ollendin9 virluol Zoom evenls ond communily work and Ihrou9h their enlhusiosm ond wonderful rnesso9es they send us lo encouro9e us in our oclivilies. Our Trusls ond Foundalions are o bedrock of our oclivily every yeoc, bul Ihis yeor I would like Io give special thanks lor emer9ency fundin9 from the Esmée Fairburn Foundoliorn Poul Homlyn Foundolion, ond the Morio-Louise von Molesiczky Choriloblo Trusl. Finally my heorlfell 9rolilude, os Choir. for the loyolty ond supporl ol firsl of oll our Boord Trustees bul especially lo oll our sloff who have hod lo cope wilh so much plonning In dorkness, chon9es in plonnin9, odoplin9 orgonisolionolly and in work proclices to rneel Ihe chon9in9 needs ol the or9anisalion, and keepin9 UP O wonderfully dynamic ond well-humoured spiril os we pursue our very excilin9 and sociollyvery imporlont mission. We ore so lorlunole lo have Soroh Alexonder os our creolive, possionole, molivolionol and inspirin9 CEO. And, in turn, we are all so lucky lo have her surrounded by her very speciol slaff leom. I look lorword lo meeling some ol you, ond lo reporlin9 on future progress on our plon. John Sin9er. Choir ofTruslee4July2021 National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 TRUSTEES, REPORT OUR PURPOSE AND ACTIVITY VISION We wanl a world where oll leeno9ers con occess Ihe musical communilies Ihey need lo develop os cilizens who can make o posilive impocl in the world. MISSION Our Mission is lor NYO lo develop os o dynomic community of brillionl leeno9e musicions makin9 orcheslrol music with, by and for their generolion. To9elhef Ihey will open up musicol communities for leeno9ers ocross the UK. WHATWE DO NYO has spenl o decode Iriolling ond developin9 woys lo meon more to more youn9 people. Encouro9ed by Ihe Music educolion sector, supported by o huge community of funders ond donors, ond wilh the full cornmilmenl of our youn9 people, we hove109elher developed Ihe underslonding* approoch and cullure Irom which lo develop Irorn a nolional symbol lo o nolionol community for oll leeno9ers Our work is founded on musicol communicolion belween leeno9er* peer-lo-peer leodership and leomwork hos encouro9ed hundreds ol musicions lo push Ihemselves horder ond pro9ress Ihrough NYO Inspire and opened the door lo orchestral music lorlhousonds ol leeno9ers Ihrough NYO Open. Whol choroclerises oll Ihese encounlers is the spiril In Ihe room, the speed olwhich everyone isworkin9109elher, shoring music ond mokin9 0 rnusicol communily. Each year, we delivor Ihreo mojor slronds of oclivity.. NYO: o cornmunily of 164 musicions who come 109elher wlh a mission to open up orchestral music for their 9eneralion. Ployin9 orcheslrollyon o ron9e of scolesond creolin9 eleclrifyin9 performonces ol the hi9hesl standard, they oclively support Ihe progress of olher musicions Ihrou9h NYO Inspire ond work creatively to shope musicol encounlers wilh Iheir peers Ihrou9h NYO Open. They olso loke o leoding role in communicoling the work ol NYO Io oudiences, bolh Irorn Ihe concerl plalform ond on sociol me&0, Inspirin9 olhers wilh Iheir leeno9e brilliance. On NYO'S intensive residencies, which includes coochin9 by world4eodin9 conductors, inslrumenlol lulors and cornposers,youlh voice ond leadership choroclerises both Ihewoy in whichlherehearsal process is shaped ond how our musicions dovelop ideas ond presenl Iheir performonceslo oudiences in concert halls ond secondory schools. NYO Inspire- our peer-lctrpeer inclusion ond occess progromme for stole-educaled and Blacl Asion and ethnically diverse leenogers ployin9 019rode 6+ who hove bags of lolenl, polenliol, ond commilmenl, bu+ who lack the musical opporlunilies they need lo progress. NYO Inspire is unique in Ihe music educolion londscape wilh ils focus on youn9 people leorning from eoch other.. NYO musicions ploy o leodin9 role in Inspire projects, demonslrolin9 the power of youlh community to support, empower ond molivole each olher. Music educolion provision in Ihe UK is polchy ond NYO sees the implicolions ol this every year. Mony brillionl teenage musicions slru99le10 90in o ploce in NYO, nol Ihrou9h o lock of lolenl or commilrnent, bul becouse lon9- term reductions in local oulhorily fundin9 hove reduced music provision ond Ihey havelew or no opporlunilies lo ploy wilh musicions who are beller thon Ihem ond who chollenge them lo push themselves further. This is why NYO Inspire is necessory. All opporlunilios ore Iree, removin9 ony linonciol borriers for youn9 people, ond we work with Music Educalion Hubs ond other music orgonisolions nolionwide lo identify musicions who could mosl benefil from NYO Inspire's workshops residencies ond ensemble* NYO Inspiie offers o progression route lo help bridge Ihe gap National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 11 wos o yeor ol significonl leorning ond 9rowlh for the or9onisolion os we embroced di9ltol plollorms lo engage with youn9 people. Our leeno9e musicions hod o very dilficull yeor, locin9 hu9e disruption lo Iheir education, lo Iheir Music making ond lo their personol developmenl. NYO ollered Ihem o lifeline. Our NYO Inspire community came on the journey ond our musicol lulors embroced new ideos ond new woysof working. Wo slorled Ihe year wilh a coll lo Rise Up ond kepl Ihol spiril of oplimism ond octivism 9oin9, ensurin9 thol everylhin9 wo did motivated and inspired rnusicions to reach out lo Ihe communities around Ihem ond lo olhei youn9 people. We were deli9hled lo see Ihiswofk 90in recognition Ihrou9h bein9 longlisled lor Ihe Colouste Gulbenkion Award for Civic Or9onisolions ond winning o UK Youlh Inspirin9 InclusivityAword lor our Mi9hly River project. As we look lo the lulure, NYO has on importonl role lo help young people moke up lor lime losl lo Ihe pondemic ond to ensure Ihol leeno9e musicians do not lose opporlunilies Ihey hove polenlial lo achieve. AUDITIONS We slarled our yeor of work wilh young people In September 2019. following o lon*esloblished pollern of live en909emenl Ihrou9h oudilions and workshops. We mel 652 youn9 musicions 09ed 13-19 playin9 al Grode 8 level or equivolenl ol our free nolionwide oudilions. As ever, Il wos o pleosure ond o privilege to meel so mony leeno9ers cornmilted lo making Music ol Ihe hi9hesl level ond lo shorin9 Iheir skills wilh others. Mokin9 Ihe selection for our orcheslro is o bi9 responsibility. ond one we loke very seriously. Musicians are selecled based on talent, cornmilmenl, focilily on their chosen inslrumenl, leodership polentiol, ond ensemble ploying skills,. all of which we musl molch lo Ihe specific needs of our seclions ond our orchestra. Our experl leorn of lulors helped select 164 01 the mosl brillionl youn9 musicions from across Ihe UK lo form NYO 2020-0 truly 2Tr1 Century orchestra, wilh every musician born oller Ihoyeor 2¢￿. We believe bein9 0 21sl Centuryyoulh musicol community olso means bein9 relevonl lo 21st Century audiences, and represenlalive ol modern sociely. So NYO continues lo moke 9reol strides in ensurin9 the orcheslra reflec+s Ihe diversily ol the UK'S leeno9e populolion. Wilh every UK region represenled includin9 Scotland, Northern Irelond and Wales we sow on increose in Ihe number ol musicions from Blocl Asion ond elhnicolly diverse bockgrounds (24% up from 18% In 2019). 51% of Ihe orcheslro were stole educoled or homtrschooled, a rolio we hove been able lo moinlain for several years runnin9 despite the on9oin9 music educolion crisis in Ihe stole sector. 17% oltended a speciolisl music school. 40% 01 Ihe orcheslro hod previously porticipoled in NYO Inspire (up from 32% in 2019), showin9 Ihol Ihis vitol Inclusion ond occess pro9romme conlinues lo oller o polhway into NYO for stole school rnusicionswho otherwise lock opporlunilies lo progress. Across the orcheslro. 54% 01 leadership posilions were loken by femole musicions. We ore Mindful Ihol Block musicions ond those from Ihe norlh of England remoin under- represenled in Ihe orcheslro and conlinue lo work wilh porlners lo oddress this for the lon*lerm. Thanks lo Ihe generosity of NYO donors, ntrone is ever refused o ploce on linonciol grounds. 27% 01 Ihe orcheslra were supported wilh lull or porliol bursories in2020. Byworkin9109elhei lo remove ony ond every obslocle thol mi9hl slop on exceplionolly lolenled ond comrnilled leeno9e musicion from joining NYO, we can be lolally inclusive, bolh on ond off Ihe concert plalform. WINTER RESIDENCY ANDTOUR Rise Up. Eisler Aul den Slrassen zu singen Brillen Sinfonio do Requiem Shoslokovich SyrnphonyNo. 11,'The Yeor1905' Conduclor Joime Morlin ★★★★★ ★★★★★ ★★★★ ★★★★ ★★★★ National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 '1 think Ihe mosl imporlonl thin91 leorned on Ihis residency is Ihe imporlonce ol sloying connected and Iryin910 spreod os much posilivily Ihrou9h music os possible even when nol seeing eoch olher in person os Il wos amozing lo see Iho rooclion lolhe Nyode lojo*olhon ond how pleosed everyonewos wilh il.'Sono, NYO musicion 'Il wos very inspirin9 il showed Ihe slrenglh of Ihe leeno9e movemenl to the resl ol the counlry, and demonslroled Ihol even when we ore locked down by o pondemic, we con create music Ihol brin9s smiles lo people s lacos.'Joy, Nyomusicion. #NYOdeloJoy in numbers 159 87 154 90/ 44,000 Nyomusicions 9roup loornin9 sessions wilh lulors ond 9uestspeakers Individual 1..1 lessons wilh lulofs of parlicipanls enjoyed the lirsl NYO di9ilol residency poople downlooded our Ode lo Joy sheel music lo perform on their doorstep OUR MUSICAL PLANET NYO'S second di9ilol residency brou9hltO9elher 355 NYO ond NYO Inspire musicions durin9 Moy holf-lerrn (25-29 Moy 2020). With everyone leelin9 more confident oboul usin9 dig1101 lools lo colloborale and leorn, this residency SOW 0 9reoler emphasis on developmenl ol lechnique, musicionship, gaining insi9hts into repertoire and learning how lo proclise elfeclively. Wilh the involvement ol Inspire musicions, Ihere wos olso 0 9reoler locus on NYO musicians, leadership, communicolion ond leomwork skills ond on building a communily. The lirsl holf ol Ihe week saw NYO musicians work wilh lulors in Iheir seclions. wilh Ihe moin rnusical locus being Jupiler from Holsl's The Plonels which wos recorded os o mulli-lrock. A series of webinors included spollighls on a diverse group ol NYO alumni, Includin9 Som Gole, Delio Stevens, the Ayoub Sisters ond Ihe Hermes Ensemble, who shored Iheir experiencos ond insi9hlson life os professiond ortists We were olsojoined by broodcosler Tom Service ond conductor Ed Gardner OBE for speciol 9uesl webinors. During Ihe linol two doys, we wero joinod by Inspire musicions and one doy 9uesls, wilh NYO musicians lakin9 0 leoding role os peer leoders ond role models. On Friday 29 May we inviled musicions oround Ihe world lo loke port in o sociolly dislanced performance of Jupiler, wilh new lyrics commissioned Irom poet Probobly Tomloolery. Thousands of musicians ployed, song, or remixed Jupiter ol the exocl some lime, showing Ihe incredible power of music lo Iranscend borders, bri9hlen our lives, and connecl us across ony dislonce. Throu9h Ihis projecl. we discovered Ihal despile Ihe limilolions of Zoom. we could go beyond providin9 0 space for leornin9 reperloire ond technigue, lo buildin9 0 9enuine sense of community. Wilhorcheslrol sealin9 ond Iraditional rolos 9one, nonelhelessour peer-ltrpeer elhos persisted andyoun9 people loundlheirconnection and commilmenl lo community lo be os strong os evor. 14 National You+h Orchès+ra of Greol Briloin Repor+ of +ho Trus+ees and Financial S+a+omen+s for+he yèar ended 30 Nov 2020 Wa+eh onlin•.. Jupiler mull￿traCk hll s'.// oulu.be/YLGfYoX47uw Follow +h• hosh+ag: hlt lwller.com hoshlo NYOMusicolPlonel Followin9 the online residency, we shared vio our sociol chonnels more Ihan 140 'Musicol Postcafds, from NYO musicions, spollighlin9 individuol music choices ond creolivily. Follow +h• ho$h+ag: hlt s..//lwiller.com/hoshlo /NYOMusicolPostcards 'Despile everyone in NYO being so spreod oul across Ihe UK Il is slill possible lo leel connected by the power ol music ond bein9 able lo leorn ond share wilh one onother.'Colherine, NYO musicion '1 Ihink il's reolly significonl lo see Ihol despile Ihe currenl circumslonces, we con slill find woys lo perform ond rnoke music wilh eoch olher. For NYO ond the ￿der communily I think it demonslroles Ihe sense of unily we all feel as musicions ond how 109elher we con find creolive woys lo overcome Ihese new obslacles., Matlhew, Inspire musicion 'My communily obsolulely loved il! So mony people come outside of Iheir houses to wolch ond I mode o litllo concer+ out of Ihe oflernoon. I hod so mony wonderful comments ofterwords about how much il had irnpacled people posilivelyv Isabello, NYO musicion #NYOMusicalPlan•l in numbers 154 201 147 138 91/ 0,800 NYO musicions NYO Inspire musicions 9roup loorning s•ssions wilh lulors ond guest speokers Individual 1.1 lessons wilh lulors of parliciponls felt porl of o community peoplodownlooded the Jupilersheel musicloperform at home 15 National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 MIGHTY RIVER In the woke of Ihe murder of George Floyd and the 9lobol Block Lives Maller prolesls youn9 people told us Ihey wanted to educate Ihernselves and roiso their voices in supporl of rociol equolily. As individuals, os an organisolion ond as o seclor, global evenls in Summer 2020 hei9hlened aworeness of the inequilifrs ond lock of Black represenlalion wilhin clossicol musi¢ ond of rociol justice more widely. Respondin9 loyoun9 people's concerns,weopened upo space for conversolion ond leornin9. Durin9 our Summer di9ilal residency, NYO ond NYO Inspire musicions look o deeper dive into music by Block composers, wilh Ihe oim of exploring leornin9 ond discovering music by o more diverse ronge ol voices. Diversity in orcheslrol music is obsolulely cenlrol lo Ihis 9eneralion of young people. Ihe fulure Ihey wanl. ond Ihe lulure Ihey hope lo for9e 109elher. As o musicol slorlin9 poinl, we look MJ9hty River by Beliztrborn Brilish composer, Errollyn Wollen, o piece which explores Ihe history ol the slove Irode In Britain, wilh spiriluols ond gospel music ol Ils core. Alongside the musical leorning, Ihis piece was the jumpin9 OH poinl for conlexluol discussions: we look Ihe opporlunity to educole ourselves, ond the youn9 people in our community, lo be olive lo o ron9e of viewpoinls and stories, ond equip Ihem wilh an underslondin91o losler o more •guoI woy lorword In Ihe seclor. This Ihird di9ilal residency included o sori•s ol conlexluol webinors wilh special 9uesls includin9 composer Errollyn Wallen, hislorion Chrislienno Fryor, oclivisl Yossmin Abdel-Mo9ied, musicion ond researcher Uchenno N9we, founder of Chineke! Chtr-chi NWan0k￿ spiriluols experl Ken Bur10￿ ond singer ond oclivisl Jermoin Jockrnan. An expanded lulor leom brou9hl o wider ran9e of diverse perspectives includin9 personal leslimonies from Ihose wilh lived experiences ol rocism. NYO ond Inspire musicians crealed o mult￿1raCk recording ol Mighly River. as w811 os explorin9 ond recording o wide voriety ol olher reperloire by Block composers Ihrou9h respondin9 lo crealive briefs. Wa+ch onlin•.. Mi9hly River mUll￿traCk hll oulu.be 'EK19NHwC-w '1 learned oboul how, os o youn9 musiciorn I can moke chon9e in this sociolly and Ihrough music, and I know role models who hov&done so ond whohovehelped inspire melo brin9 oboullhis chan9e.' Hanna￿ NYO Musicion '1 Ihou9hl Ihe webinors on the spiriluols ond hisloryof the Ironsollonlic slove Irade were the mosl useful becauso Il helped me infuse o deeper meanin9 inlo Mi9hly Riv•r- knowin9 oboul Ihe sulferin9 of ensloved people over decodes, ond how Ihol slill has repercussions now.. Bronogh, NYO Musician 'This course was the mosl informolive ond lile chon9in9 experience I've hod, I feel privile9ed lo hove token parl. I would love lo do more NYO courses in the future, Ihonk you so much.. Thomos, Inspire Musician #NYOMighlyRiver in numbers 175 108 NYO ond Inspire musicians porlicipoled group learnin9 sessions wilh lulors ond guesl speokers 16 National You+h Orch•s+ra of Gr•o+ Briloin Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 100 98% 97% Individual 1..1 lessons wilh lulors of parliciponls ￿dfrned Iheir kno￿•d9e obout repeAoire by Block composers of parliciponts deeponed Iheir knowledge oboul rociol juslice in sociely DIGITAL CONCERT: FROM'RISE UPV TO IOCK DOV On 30 Seplember, we hosted on inleroclive online concerl on YouTube, where oudiences could lake o Irip Ihrou9h the music we creoled durin9 lockdowry includin9 mulli-lrock recordin9s ol Beelhoven Symphony No. 9,'Jupiler' from Holsl'sThe Planets ond Errollyn Wollen's MJ9hty River. The'choose your own odvenlure'_slyle concert olso unveiled rnony olher pieces recorded by differenl seclions of Iheorcheslrodurin9 Ihe yeor's di9110l residencies.1,000 people novi9aled the concerl'live'on the doy, wilh o lurlher 1000 unique users wolchin9 online during the following month. Wa+ch onlin•.. Inleroclive Di9ltol Concert hllps'.//youlu.be/zxZv R2iKbQ MIGHfY RIVER IN CONCERT Whilst for mosl of 2020 il wos nol possible lo brin9 young people109elher lo reheorse or perform in person, o short window ol opporlunily belween lockdowns enobled some ol Ihe orcheslro Io golher in London lo creale a unique concerl for broodcosl on BBC Rodio 3. Hovin9 immersed themselves in leornin9 more obout the context ond hislory of music by Block composers, ond reseorched music by o wider ron9e ol composilionol voices to share wilh others, 54 NYO musicions came109elher ol Ihe Royol Feslivol Holl on 24 Oclober lo perlorm Errollyn Wollen's Mi9hty River ond o seleclion of music Ihey curofed. Conducled by NYO olumni Kwomé Ryorn the musicions were also joined by sin9er ond oclivisl Jermain Jockmon for a speciol perlormonce of Am02in9 Groce. The concert wos broadcosl on BBC Rodio 3 on 29 Oclober. Wo+eh onlin•:NYO musicions perlorm Arnozing GrocewilhJermain Jockmon hlt s..// oulu.be/ IFuiCEuFE4 CREATIVE HUB NYO Composors conlinued to work os an extended. ond vilol, port ol the orcheslra Ihroughout Ihe yeor, wriling 0 huge swathe ol new music ond hearing Iheir ideos brought lo life by NYO musicions in Ireo performonces in the Borbican foyer, ond rècorded durin9 di9ilol residencies for dislribulion on social media. BROADCASTS BBC Rodio 3 mainloined Iheir stron9 ond much-volued commilmentlo broodcaslin9 Nyo'sconcerls. During the yeor, Radio 3 broodcosl Rise Upl Irom Ihe Borbican, Mighty River from Ihe Royol Festivol Hall, and archive broodcasls from NYO'S performances ol Ihe 2012 and 2016 BBC Proms. BBC Four broadcast NYO'S perlorrnance of Mahler s 'Symphony of o Thousond, from the 2002 BBC Proms conducted by Sir Simon Rollle. All ol Ihese concerls were ovoiloble on BBC Sounds or BBC iPloyer. 17 National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+h• year •nd•d 30 Nov 2020 ONLINE 2020 sow o Si9nificanl deepenin9 in NYO'S opprooch lo eng09in9 wilh youn9 people ond other oudiences di9ilally. Wilh leorning, reheorsol and perforrnonce oclivilies shiftin9 online, our digilol plollorms became the main window Ihrou9h which oudiences and supporlers could see NYO and NYO Inspire in oclion.ll was o yeor of experimenlalion, in which digltol oulreach wos ploced ot the heorl ol eoch projecl- enoblin9 our leenoge musicions lo rodiole Iheir possion for music lo olher young people ond wider oudiences Ihrou9h creolive en9agemenl compai9ns such as #NYOd8loJoy. #NYOMusicolPlanel and *NYOMi9hlyRiver. eoch wilh an inlrinsic link lo the reperloire and arlislic conlenl ol Ihe online residencies. As o result, our di9ilol plolforms sow conlinued 9rowlh in reoch ond en909ernenl.. lolol social medio followers grew by 45% over the finoncial yeor lo 39,000, with en909emenls up 60% to 450,000. Website users increased by 45%10 126,000. On lop of our physicol oudience figures, NYO'S videos received more Ihon 500,000 views ocross our sociol rnedio channels. 18 National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+h• year •nd•d 30 Nov 2020 HOWWE MANAGED NYO: INVESTING IN YOUNG MUSICIANS GOVERNING DOCUMENT The nome oflhe Charity is the Nolionol Youth Orcheslro of Greol Briloin. The conslilulion is laid out in the Memorandum ond thlicles of Association dated 5th Seplember 1984 and subsequenlly ollered by speciol resolulion on 22nd June 2006. The Compony Is limited by 9uoronlee ond does nol hove o shore capilol. The liobility ol eoch individual member is limited lo £1 in Ihe evenl ol o windin9 UP. OBJECTIVES AND AIMS The followin9 objeclives ore loken from NY(Ys Memorondum ond Articles of Associalion os altered by Special Resolution doled 22 June 2006. 'To advonce educotion in music ond orcheslrol ployin9 01 youn9 people ol Greol Briloin under the oge of 21 by discoverin9 ond loslering exceplionol musicol lolenl ond lo help provide them wilh Ihe highesl level of luilion and experience in orcheslrol ploying os well os o broad ron9e of reloled skills,. In achievin9 these objects, the Chority will: 'Arronge concerts, olfer scholorships bursories exhibilions prizes and rewordsond moke granls loans (including loons of inslrurnenls ocquired through Ihe Alosloir MoAon Nolionol Youth Orchestro Inslrumenl Fund) and ollowonces lo sludenl members of Ihe orcheslro on such lerms os shall be muluolly beneficiol lo the sludent and the Charity. Seek lo inspire Ihe inleresl in music of youn9 people livin9 In Greol Britoin.. RECRUITMENT AND APPOINTMENTOF NF4VTRUSTEES Membership as o Truslee is open lo ony Indiwdual inleresled In promolin9 the objects ol Ihe chorily who opplies lo the Charity in Ihe form required by the Truslees s opproved by Ihe Trustees. $1gns the re9isler of Truslees or consenls in writing lo become o Trustee personolly ond is oppoinled os o member ond chorily Ifuslee.Trustees ore oppoinled for o fouryeor term and conbe rfrelecled for o fuAher louryoors, bul %MII nol se￿e a poriod lon9er Ihonei9hl years. All Iruslees under90 induclion process including familiorisolion vAlh chorilable objeclives, organisalional policies, occounls ond governance documenls.This includes1..1 meetings wilh the Choir ond senior monagemenl teom. Truslees ore expected lo eng09e closely wilh NY(Ys oclivilies includin9 oHendonce ol residencie4 concerls ond projecls. Sofeguordin9 Irainin9 IS 9iven to oll Iruslees on on annuol bosis. ORGANISATIONAL STRUCTURE The Boord ol Direclor% who ore the Trustees, meel four limes a yeor lo determine slrolegic, oAislic, and financiol ond 90vernonce policies. The Boord is SUPF)orled by NYO'S senior mono9emenl leom Soroh Alexander (Chief Execulive S Arlislic Direclor), Tim Foxon (Finance & Adminislrolion Direclor), NicoleHe Shaw (Developmenl Direclor), Mel Spencer (Comrnunicalions & Morkelin9 Direclor) and Crai9 Wesl (Arlislic Plonnin9 Direclor). The senior mona9emenl leom ore re9arded as the Key Mano9emenl Personnel. In additiorn tho Finonco Commillee meels lour limes o yeor lo rewow in more deloil the financial controls, 9overnonco, risk manogement ond inveslmenl perlormonce ol Ihe chority. A nomiiolions commillee olso meels lo review the skills ol Ihecurrenl Board ofDireclorsond lo moke recommendolionslolheBoard in orderlolill onygops in ils currenlexperlise. 19 National You+h Orch•s+ra of Gr•o+ Briloin Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 REMUNERATION Genorol employee ond onnuol percenlo9e pay awards ore recommended by the Chief Executive S Artislic Direclor ond Finance S Adminislrolion Direclor lo the Boord for approvol. Usuolly, opproval is limed lor increases lo be irnplemenled in Decembereochyeor. The omounlofony increosewill beguided byCPI inlloliory Inlormol benchmarkin9 wilh olher arts orgonisolions and London knvin9 Wo9e guidelines. This process will be followed lor Key Mona9ement PersonneL except In coses where exceplionol incfeoses ore mode in which case these wll be decided ond outhorised by the Boord. FINANCIAL REMEW NYO is pleased lo present finonciol slolements which demonslrole stron9 finonciol monogemenl ond successes in lundroising despite the exlroordinory chollenges posed by COVID-19 during the yeor. Tolol income wos down by 8%, wilh losses lo concerl Income and conlribulions from musicionsoHsel by continued growth in donations from individuols ond Ihe receipl of several emergency 9ranls from lon*slondin9 funders. Expendilure reduced by 43% compored wilh the previous year, os il wos nol possible lo proceed wilh lor9trscole live projects for Ihe mojorily ol the yeor ond Ihe overoll cosls of di9ilol oclivity were lower. However, we conlinued to en909e o si9nificonl number of freelonce lulors, orlisls ond poslorol sloH throu9houl the year. Some sovings were ochieved to overheods due lo remote workin9, One sloll member was mode redundant ond recruilmenl lo Iwo voconl roles wos postponed. NYO received £33,661 from Ihecoronovirus Job Relenlion Scheme,wilhTrinesloff memberslurlou9hed olvorious limes during Ihe yeor, primorily on o shorl-lerm or porklirne bosis. This enobled us lo keep Ihe mojority of our leom employed ond sustain our en9agementwilhyoun9 peoplelhrou9houllheyeor. NootherstoluloryCOVltk19 reliefs were received. Allhou9h severol plonned projecls were concelled, exposure lo linonciol losses wos minimised by ne901iatin9 the deferral of occornmodolion deposits lo fulure years. Follown9 the concellolion of Ihe live Sprin9 residency, musicions were olfered o refund of one-third of their finonciol conlribulion for the year. Many lamilies generously offered lo converl Iheir contribution inlo o donolio The Stolemenl ol Finonciol Aclivilies for Iheyeor is sel oul on po9e 28. Tolol income comprises £1,548,148 lor unreslricted fundsond £557,097 for reslricled funds. The nelincomin9 resourceswere £153,330 (2019.. oulgoin9 £504,131). A130 November 20201he free rese￿0$ of Ihe Choritywere £766,331 (2019.. £565,424). The increose in Iree reseryosslren9lhens Ihe charivs resilienceond flexibility heodin9 into onother year of uncorloinly oround COMD-19 reslriclions, ond enobles NYO to plon wilh 9reoler confidence given Ihe unknown lon9-lerm oconomic consequences of Ihe pondomic. RESERVES POLICY 11 is Ihe policy of the chorily lo seek lo build ils reseryes over lime lo enoble Il lo supplemenl anyyeors in which donolions ond income foll short of expenditure. The nolure ol Nyo'soclivilies requires relionce on o si9nificanl level ol fundraised income thal con show voriolion due lo chon9es in Ihe economic climole or exceptional events, oflen oller makin9 commitments lo NYO'S orlislic plons. NYO necessorily plons Ils pro9rommes someyeors aheod and mokes a9reemenls in principle wilh occommodalion providers ond prominent conductors ond soloisls lo work wilh the Orcheslro over Ihal period. The amounl ol reseNes, Iherefore, provides o degree ol securily lo enoble the implemenlolion of the chorily's orlislic plans. The Truslees occordin9ly loke Ihe Mew Ihol such reserves should Ideally be sufficiently subslanliol lo provide confidence lo oll ils stakeholders Ihol Ihese plans ore soundly bosed ond funded. AI 30 November 2020 the unreslricled free reseNes of the Chority were £766,331. Tolol funds held were £3,370,053 of which £314,665 were Reslricled Funds £253,941 formed a Permonenl Endowmenl and £1944,548 lorrned an Expendoble Endowmenl. 20 National You+h Orch•s+ra of Gr•o+ Briloin Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 olso presenl olon9side lulors durin9 di9ilol sessions. Truslees receive o quorlerly report on serious incidents ond disclosures ond receive onnuol sofeguordin9 Iroinin9 from the Senior Youth Worker. NYo'sDe￿9n0Ied Sofeguordin9 Officer is Sarah Alexonder, CEO S Arlislic Direclor. The Iruslee sofe9uording leod is Lyn Flelcher. Allenlion has olso been focused on Ihe obility to secure the lor9eled level ol fundroised income which remoins on ombitious lor9et ol more Ihon £1.7m o year. The Mono9ement leom regulorly report to Ihe Boord lo discuss secured income Ogainst tor9els, ond to monilor slrole9ies for lundraisin9 ond Ihe risks Iherein. Rese￿e$ are in ploce lo supporl the or9anisolion should donolions foll short durin9 Iheyeor. The Fundroisin9 Strolegyconloins iTrbuill risk mona9emenl system lo process donors vio seven sleps of solicilalion ond conlinued consolidolion of a diverse porllolio ol Income slream5. Arlislic ond repulolional risks ore ossessed ond mi119oled Ihrou9h o number of slrole9ies. Relolionships are developed wilh Music Educolion Hubs ond olher sector bodies nolionwdelo slren9lhen orcheslrol recruilmenl ond diversification ond lo rniligole 09ainsl risks lo fundraisin9 relolionships. Communications slralegies and tools are reviewed lo ensure core values ore presenled and oudience boses are developed. FUNDRAISING The Truslees ore mosl 9rolelul lo oll Ihe Irusls foundolions, indiiiduols,ond componies who suppoAed NYO during the year. NYO is pleased lo report conlinued support from Arts Council En9lond including an oddilional emer9ency 9ranl of E90,000 due lo the pandemic. Addilionol emergency 9ronls were received Irom Esmée Fairbairn Foundotion, Poul Homlyn Foundation ond MoritrLouiso von Molesiczky Choriloble Trusl. In 2019-20 Ihe Development leom processed over 14,0￿ donolions Irom nearly 4,500 donors on increose of opproximalelyonfrlhird on the previousyeor. Donors +0 NYO con be ossured Ihol we comply wilh Ihe re9ulotory slondords lor lundroisin9. We ore re9islered wilh the Fundroisin9 Regulolor and ore commilled lo Ihe Fundroisin9 Promise and odherence lo the Code of Fundroisin9 Proclice. We also encouro9e our lundraisin9 seNce providers lo comply wilh Ihe Code. This repod covers the reguiremenls chorilies musl followos sel oul in Ihe Chorilies Acl 2016. NYO successfully roised £V47,469 durin9 2019-20 (201&19- £1166,959). Of this £543,711came from Choriloble Trusls ond Foundolions, £341377 from Arts Council En9lond, E20,OC(J Irom Componies, £671,878 Individuols £100,000 In Gill Aid, and le9acies of £69,503. Our fundraisin9 remoins relolionshipbosed wlh on emphosis on donor core. Our Developmenl tea￿ board and volunleers monoge personol opprooches lo Irusls, corporoles ond Indiwduols. Syslems ond slruclures are in ploce ond ore continuin9 to evolve lo enslxe o personol ond o Iriendly opprooch combined wilh adrninistrolive elficiency and professionolism. The Developmenl Director iso member of Ihe Inslilule ol Fundroising and oll involved in fundroising al NYO are briefed ond Iroined in good lundraisin9 proc4ice, wlh coreful re9ord lor privocy ond donors'wishes. Whilstthe mojorify oflundroisin9 oclivity is conducled byo smoll team ofemployed sloll, the Developmenlleorn worked wilh professional consultonls Ken BurneH, Ernsl Goelschi ond Karin Weotherup who odvised on donor core and slrolegy lor our Direcl Mail progrommes. The leom worked wilh the Good Colleclive lo explore di9ilol lundroisin9 Ihrou9h Focebook. The leom were responsive lo donor requesls throughout Ihe yeor and responded inslanlly lo reguesls lordonorslobe rernoved frorn Ihemoiling lisl. The leam isconlidenl Ihol nosupporlerwos pul under ony undue pressure lo supporl. We ensure Ihol Ihe correcl safe9uards are in ploce wilh our suppliers and Ihose who fundraise on our beholl. We require Ihern lo confirm Ihal Ihey comply wilh Ihe Code ol Fundroisin9 Praclice. Where individuols - such as our youn9 musicions- ch005e lo roise money on beholl ol Ihe chority. they are given C￿ar guidance by Ihe 22 National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+h• year •nd•d 30 Nov 2020 Developmenlleom on oppropriolefundroising ocliwliesond opproochesand osked loprovidefull deloils oflheir plans before they underloke Ihem. Our website oullines our comploinls policy for the public ond clearly exploins howon irdividual con gel in louch wilh us ond, il necessory, escalole o comploinl. The policy can be found here.. hlfps..//v¥ww.nyo.or9.uk/comploinls. Our Inlernal complainls procedure cole9orizes cornploinls ond ensufes Ihey ore deoll wlh ol the oppropriole level of lhe or9onisolion. A level 1 comploinl would Include requests lo unsubscribe from Ihe moiling Iisl. A level 2 comploint moy express concern oboul o fundroisin9 melhod or how o donor hos been hondled. Cole90ry 2 cornplainls ore escaloled lo Ihe Chief Executive S Arlislic Direclor. Durin9 Ihe yeor Ihere were nolevel 2 complaints. We hove developed o vulneroble person policy ond included il in our inlernol hondbook on fundroisin9 good praclice os well os ovoiloble on our websile. AJI fundroising sloff know howlo escolole o concern aboul a donor. We ore signed up lo Ihe Fundroising Preference SeNce lo enoble individuols lo opl oul from receiving lundroisin9 communications from us. We oclioned11 requests from Ihis s•Mce loslyeor. MONITORING AND EVALUATION In addilion lo close moniloring of demogrophic slolislics for porlicipalion ond reoch, NYO hos on increasin9ly comprehensive opproach lo evoluolin9 impocl, plocin9 feedbock from beneliciories ol the heorl of this process. Porlicipoling musicians submil o detoiled report after eoch oclivity.. this is reod olon9side leedbock from lulors lo ensure Ihol NYO projecls continue lo have Ihe desired educalionol ond orlislic oulcornes. Roundlable meelin9s aftd discussions loke ploce wlh music educolion slokeholders including schools ond other music or9onisolions lo shape oclivilies lo meel the needs ol youn9 rnusicions and Ihe wider seclor. NYO Musicions are inviled lo allend discussion forums ot which fulure plons are shored, ond given Ihe opportunity loleed bock. FUTURE PLANS AND ONGOING IMPACT OF COVID-19 PANDEMIC Under Ihe leodership of NYO Choir John Sin9er, Iruslees inilioled o process of slrole9ic reviewin December 2019wilh o refreshed len-yeor vision 09reed in Jonuory 2021, closely informed by Ihe needs ol leenoge musicions, Ihe music educolion sector ond the need for o slron9 fundroising proposilion lo widen Ihe bose of philonthropic supporl. The process included o boord owoy day ond o slokeholder consullolion exercise focililoled by Couse4. NYO'S Dpen Up, Slralegy 2021-31 sels oul ornbilious 9001s 10 give every UK leenoger occess lo musicol communilies Ihrough our leeno9e musicions ond loboosl revenues for 9rowlh ond lon*lerm susloinobility. Wilh COVID-19 reslriclions extended, durin9 2021>21 NYO Mll conlinue lo deliver a range of di9ilol residencies ond creolive activilies. By Summer 202Ck21 il Is hoped Ihot live oclivilies can be9in a90in bul di91101 inleraclion wll continuo lo be an imporlonl POA ofNYO's plons Inlo Ihelulure, building on whol we leorned during lockdown. An evolvin9 oclivily model will see9reoler inlogralion behveen NYO, NYO Inspire ond NYO Open and conlinued growlh of our communi ol young people. Wilh prudent budgeting and cosl control, weexpecl lo end Ihe202Ck21 linonciol year in o break-even posilion, further proleclin9 Ihe chorilys reserves lor lon*lerm slobility. NYO hos beneliled Irom Iwo gronts Irom Ihe DCMS Culture Recovery Fund, oflselling the si9nificanl loss ol fees ol Ihe sloA of Ihe new finonciol year ond enablin9 us lo moinloin on extensive di9ilol pro9romme whilst planning for o relurn lo live oclivity os soon as guidance ollows. Overall expenditure bud9els hove been sel ol o level si9nificonlly below normol operating cosls ond fundraisin9 lar9els hove been sel prudenlly. Trustees have ossessed Ihal the chority hos suHicienl lunds and operolionol Ilexibility lo continue as a 90in9 concern. 23 - - - - - - - - - - - - - - - - - - - 27 July National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 SUMMARY INCOME AND EXPENDITURE 202) Tololirt< I1￿245 I296.￿4 Tololexpendrf 1951915 Unreolised/Rea115edyn5sses)i)rL (kcheslroToxCr￿l* R&volidh?nofinv8slmenls 34J56 (M,983) 140,645 145A64 Ne11r￿Me/￿x1￿rf￿0)1{￿lhe}Vw 1TI103 Tdol iwow￿¢0mvises £154&W{or￿?$ln¢1&4fvrd$h(￿01lnves￿I￿eXd￿Il￿Per￿￿nenlerxkA￿￿ItyK The 5Utnfflary hcome EyErdilureAcco￿l L5 derr￿ ITOM IIE Slaletnenl of Fi￿rK￿lAc1ml￿s on FK¥Je28 wFych109plhprhMlh Ihe rK)le51o Ihe fin0n¢￿I￿oI￿On1sOTh￿9S$l46 infrKrrrtJthxrfftth&mtyer￿d￿￿￿￿Yc￿ol1fvndsoF￿•£hOriFY. 29 Nolional Youth Or¢h•8lra ol Gr•al Brilain R•porlof lh• Trusl•••ond Financial Slal•rn•n+¥ lor lh• y•ur •nd•d 30 Nov 2020 BALANCE SHEET 7JKITdd 3)19Told 2967575 A976 (4W n7.t32 324934 CrgL44 32q934 349A l93&628 >P9.925 1944548 251941 aJ7QO53 324Z934 Porl15ollPwCoryar•wsAdXOS National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 1.4 Financial inslrumenls Ba51c financiol In51rumenlsinclude deblorsarKlcredilors.Thechanlyonlykn5 IIMntlola5￿1s￿Thd fina￿101 Iiobililie5010 kind Ihol quolifyos bosi¢ finon¢iol inslwm8nls. Bosic finonciol inslrumonls oreini+iollyre¢ognised ol Ironso¢lion volu8ond sthoqugnlly tnea5ured ol Iheiramodised cosl. 1.5 Tangible fixed assels Dgpre¢iolion is provided ol +h8follwry onnuolrolos in ordgrlowrilg Oflgtxhossgl overi+ses+imoled useful lifg. Mu51cal In$lrumenls High Volue Inslrum8nls held olvoluolion orgno+dgpre¢iolod. Ins+ruff*nIs￿IhO 9roolerlhon £l(MX)org copilolised. TFosg deemed lo gppreciijle In value (Il propeAy mainlainedlaTevolved lOm￿l￿eVerySYe￿rs OFfiee equiwenl wlho eosl 9realerlhan El(MK) Slrai9hl Iineover 410 5years 1.6 Inveslmenl assets Inveslmen15 are 51oled al fflarkel vijlueal Ihebalancesheel dale. The SOFA Incl￿eS nel9ains orKI Ios5esarising on revolu(71ion ond disposols Ihroughoul +h8ygor. Incomo receivobbon In￿l￿￿TrI$l5 roO)9n￿￿d in lhg SOFAon ono¢¢ruolsbos15. 1.7 Taxalion Thecharity Isexempl from ¢orw)iolion loxon llstknnlob￿aCI￿ilIe5. The Cknnlyexpeclslomakea chim I￿OrChestraTOXCrediI. 1.8 Fund accounling Unreslricled lundscan beu5ed In o¢tOrdonce￿th Ihe chanlableoE4eclwes allhediscrelionof Ihelruslees. Reslncled lundsconody beused IoTpaAicuhr reslricled pUrFx)ses￿lhln lhe0b￿1So1Ihech￿￿fy. Reslnclionsorise when specified by Ihe dorK)rorwhen funds areraised lorpurticuhr reslncled puwposes. The exPendab￿end0￿MenlfUnd lsanexpenda￿een{1JwMent crealedwilh Iheinlenlionol providin9 lunds lo luAherlheNYO'$ odisl￿Oc1IVl1ieS over o lenyeor per￿. Permonenl end0wmenlfund5arelho￿futKls 9ivenlolheclxJntyknlhecapilol mu51 be relained and Inve51ed l(>provide Income in Ihe fulur&. Where Ihe income ¢on be on onyoF+h8choriloble 0¢11￿11?$1￿ isin¢luded in unreslricl8d Funds.Wher? Ihe income is lo provide o named bursoryil Is Included Ino reslncled Income lund. All 9oin5 and Iosseson Inveslmenlsore added lolhe copilol. Fur+herexplanalion of Ihe ￿l￿rea￿d F)urptsseoleachfund Isincluded Irblhe nole51o lhell￿ntIoI 51alernenl$. 1.9 Crilical accounling judgemenls and key sources of eslimalion uncerlainly In Ihe applicalionol Ihe chanly 5 occounlin9 policie& Ihe direclors orerequired lomake judgemen14 eslima1è5 ond o55umplions oEx)ul Ihe carryin9 amounl ol osselsand Iiobililie5 Ihal afe rK>I reodilyapFK¥renl Iromolhersources.Theeslimalesand a5sooaled a5sumplionsare based on his1of￿01 experienceondolherfoeltsrslhalare con51defed lo berelevanl.Atluol resulls maydiHer from Iheseeslimale5. The &slimolgs ond underfyiry ossumplions ore rwèwedon on ongoiry bosis. Rgvi$ions looccounlin99$1imolg$ore r8¢0gnised in the period In which Iheeslimale Is remsed wheie Ihe revisionalfec15 onlylhal penod orin Ihe peri(xl ol Ihe revisionijnd lulure period5 here +h8rewsion ofl8¢1s both ¢urren+ ond fuluroperiods.Thergw0rgr￿ rgvisionsdwiry Ihgfinonciolyfjorgnded 30 November2019. 33 |2020
£
20,000
543,711
43,940
440,438
187,500
342,377
100,000
1,677,966
2020
£
69,503
69,503|2019
£
37,510
394,865
49,146
350,126
203,500
250,000
62,925| |---|---| ||1,348,072| ||2019
£
418,887| ||418,887| £342,377 (2019: £250,000) National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 The NYO 1$ mo$l9rolelul Itylhelollo￿ng ITuslsondfourdaTriowbS Iknl SUPFx>Aed IheOr¢heslra InX)19120. ArKhrCknriIab￿TTu5l AsNeyFomI￿FoW￿dk?n BatbaraWhalnK>reCthnlablpTry r0nD(T￿n￿r+'5Cknn co1hgri￿cQO1wnch￿Irè1￿Tr￿+ Ceol KingMemoriolFowdolh coknnn51onch￿l[&ler￿￿l TheElmWFourKhlK)n EsnwFoirboim FounddK GarfEklWesIonF￿rthIK)n GjwTurnprTr￿tr TheGd(knilhsC(xwity HodrkJnTrusl Hard￿9TrUSt HO￿h1OnDUrnC￿r1laEAeTrL0I TheHR T(￿k)rCh￿l(￿leT￿tsI N￿hFros8rF0wddkn hn thdagwr+TtUs1 TheJoknSCohpTIFtXAKkkn JoyceFlelcherCharil(deTrusl KirbyLoiryFounddk TheLeVerhUlw￿r￿$t LordandL(KlyLwnTrtL%l LoVe(hyCknrrfab￿Tr{tsI TheMo99niTr￿+ Monelo￿$¢￿)nr￿l8s￿￿yCh￿ntob18Tll MaAinPepperell SchohT5hip Mo￿￿C￿r￿abl￿Fc￿Thkd1 F￿￿￿r[￿c￿rIFab1pT[￿l ThePTFCknrilaEApSelTrkn￿nI FFc￿rI1o￿TrL PRSForMUsi¢Fr￿Tr* TheR(KIdiHeTt￿I TheRogerard&rthBwtsftCkJkCknnlaEApTr R*Tru RWTnJ51 The&￿tE￿￿T￿ls1 TheknudGarI&￿MthyKlTr￿1 &rJc¥nesKrK)IITrtts+ TheTI￿p8(￿F(1￿C￿tl10bleTr[tsl Three￿Trus1 The NYO is mosl 9ro+efdlo+he folk?%￿￿¢0rnPonIos￿￿>supP0￿ed +hgOrchgs+ro in 2019/2 PRS for Musi¢ 35 |2020
£
37,937
2,507
40,444|2019
£
46,458
5,219| |---|---| ||51,677| |2020
£
249,484
4,397
27,350
2,440
-
33,661
317,332|2019
£
347,900
3,444
93,249
5,976
27,709
-| |---|---| ||478,278| |Direct
Staff
Costs
£
204,170
-
226,772
6,754
212,191
649,887|Direct
Other
Costs
£
218,621
-
412,641
7,259
229,413
867,934|Support
Staff
Costs
£
26,584
-
39,056
943
28,411
94,994|Support
Other
Costs
£
92,572
6,764
140,005
3,068
96,691
339,100|2020
Total
Costs
£
541,947
6,764
818,474
18,024
566,706| |---|---|---|---|---| |||||1,951,915| |Direct
Staff
Costs
£
191,879
-
291,332
83,456
120,683
687,350|Direct
Other
Costs
£
245,419
-
866,216
80,979
458,991
1,651,605|Support
Staff
Costs
£
12,852
-
49,869
7,023
21,491
91,235|Support
Other
Costs
£
68,079
6,720
180,211
25,600
90,245
370,855|2019
Total
Costs
£
518,229
6,720
1,387,628
197,058
691,410| |---|---|---|---|---| |||||2,801,045| |Land &
Buildings
£
107,628
62,783
170,411|Other
£
10,254
21,829
32,083|Total
Commitments
2020
£
117,882
84,612
202,494| |---|---|---| |Land &
Buildings
£
107,628
170,411
278,039|Other
£
11,532
28,287
39,819|Total
Commitments
2019
£
119,160
198,698
317,858| |---|---|---| |2020
£
15,122
1,363
11,600
6,333
34,418|2019
£
12,732
1,340
11,500
5,007| |---|---| ||30,579| |2020|2019| |---|---| |£|£| |11,600|11,500| |5,500|3,000| |148|10| |124,998|118,322| |2020
£
660,631
63,152
18,369
(6,939)
735,213
9,668
744,881|2019
£
667,696
66,092
16,366
-| |---|---| ||750,154
28,431| ||778,585| |||2020|2019| |---|---|---|---| |||£|£| |£100,000|- £110,000|1|1| |Depreciated
Musical
Instruments
£
97,245
-
-
-
97,245
97,245
-
97,245
-
-|Appreciating
Musical
Instruments
£
201,291
-
-
-
201,291
-
-
-
201,291
201,291|Office
equipment
£
50,088
1,425
-
-
51,513
50,088
148
50,236
1,277
-|Total
£
348,624
1,425
-
-| |---|---|---|---| ||||350,049| ||||147,333
148| ||||147,481| ||||202,568| ||||201,291| |2020
£
2,804,511
132,823
(144,520)
(34,451)
(26,516)
33,160
2,765,007
2,765,007
2,804,511
2,438,781
1,727,521|2019
£
3,078,689
162,851
(153,422)
160,284
1,384
(445,275)| |---|---| ||2,804,511| ||2,804,511| ||3,078,689| ||2,489,511| ||1,739,218| |2020
£
-
416,868
1,817,287
204,626
326,226
2,765,007|2019
£

-

497,228

1,806,848

185,435

315,000

2,804,511| |---|---| |2020
£
-
4,894
79,487
217,357
301,738|2019
£
6,720
11,985
44,679
275,011| |---|---| ||338,395| |2020
£
12,939
16,734
78,594
520,331
628,598|2019
£
41,713
19,296
59,742
289,488| |---|---| ||410,239| |2020
£
289,488
(289,488)
520,331
520,331|2019
£
225,046
(225,046)
289,488| |---|---| ||289,488| ||Incoming|Resources|Tax, Gains, losses|| |---|---|---|---|---| |At 01.12.19|Resources|expended|and transfers|At 30.11.20| |£|£|£|£|£| |654,715|1,548,148|(1,387,429)|41,465|856,899| |-|-|-|-|-| |132,054|-|(625)|-|131,429| |4,913|-|-|-|4,913| |-|60,000|(60,000)|-|-| |212,699|8,956|(8,956)|(34,376)|178,323| |-|11,369|(11,369)|-|-| |-|158,661|(158,661)|-|-| |-|611|(611)|-|-| |-|71,000|(71,000)|-|-| |-|176,500|(176,500)|-|-| |-|70,000|(70,000)|-|-| |349,666|557,097|(557,722)|(34,376)|314,665| |1,938,628
|-|(6,764)|12,684|1,944,548| |1,938,628|-|(6,764)|12,684|1,944,548| |270,008|-|-|(43,638)|226,370| |15,400|-|-|-|15,400| |14,517|-|-|(2,346)|12,171| |299,925|-|-|(45,984)|253,941| |||||| |3,242,934|2,105,245|(1,951,915)|(26,211)|3,370,053| |At 01.12.18
£
522,140
-
91,554
4,913
-
198,696
-
-
-
-
-
-
-
-
-
-
295,163
2,283,228

2,283,228
254,447
15,400
13,874
283,721
3,384,252|Incoming
Resources
£
1,552,665
-
-
-
60,000
11,095
13,775
250,000
39,665
714
47,500
62,000
104,500
25,000
30,000
100,000
744,249
-
-
-
-
-
-
2,296,914|Resources
expended
£
(2,049,076)
-
(1,000)
-
(60,000)
(11,095)
(13,775)
(250,000)
(39,665)
(714)
(47,500)
(62,000)
(104,500)
(25,000)
(30,000)
(100,000)
(745,249)
(6,720)
(6,720)
-
-
-
-
(2,801,045)|Tax, Gains, losses
and transfers
£
628,986
-
41,500
-
-
14,003
-
-
-
-
-
-
-
-
-
-
55,503
(337,880)
(337,880)
15,561
-
643
16,204
362,813|At 30.11.19
£| |---|---|---|---|---| |||||654,715| |||||-
132,054
4,913
-
212,699
-
-
-
-
-
-
-
-
-
-| |||||349,666| |||||1,938,628| |||||1,938,628| |||||270,008
15,400
14,517| |||||299,925| |||||| |||||3,242,934| National You+h Orch•s+ra of Greal Brilain Ropor+ of +ho Trus+ees and Financial S+a+omen+s for+he yoar ended 30 Nov 2020 Theconlra B(¥nm0IeS￿aycha￿Iab TnJ5i%SfvwF(MwthTrK￿TheEh￿F1Hl[KkAK>ryand HD￿h1o￿[knnn ChoriloWTrL Th￿{￿KIS￿￿￿kNY0lnSPTearXls￿Kll Prqectrocthw￿arK1 ncludes kndiry FrrynPoUlFbm￿nFOL1ld￿l#￿mQri9￿oL*￿*￿n￿￿1@sIClkY ckntTlabbTn￿[Ce￿IrIry me￿(￿al F(KXKhlK)ryMrandMrsM￿huel ryf+RrOrd)Dcrfid¥MrAlex&ohJmondMroidMrs￿kn&ngQr NYOln5pire6SpeC￿IP[¢yEd5 TheTh¢)mps￿F￿￿￿C￿riIYTTrÉI 44 ||Tangible
Fixed
Assets
£
90,568
-
112,000
-
-
-
-
-
-
202,568
Tangible
Fixed
Assets
£
89,291
-
112,000
-
-
-
-
-
-
-
-
-
201,291|Investments
£
284,758
-
-
-
178,323
2,063,385
226,370
-
12,171
2,765,007
Investments
£
278,049
-
-
-
212,699
-
-
-
2,029,238
270,008
-
14,517
2,804,511|Current
Assets
£
982,209
-
19,429
4,913
-
9,125
-
15,400
-
1,031,076
Current
Assets
£
576,946
-
20,054
4,913
-
20,933
-
-
9,125
-
15,400
-
647,371|Current
Liabilities
£
(500,636)
-
-
-
-
(127,962)
-
-
-
(628,598)
Current
Liabilities
£
(289,571)
-
-
-
-
(20,933)
-
-
(99,735)
-
-
-
(410,239)|Long term
Liabilities
£
-
-
-
-
-
-
-
-
-
-
Long term
Liabilities
£
-
-
-
-
-
-
-
-
-
-
-
-
-|Total 2020
£
856,899
-
131,429
4,913
178,323
1,944,548
226,370
15,400
12,171
3,370,053
Total 2019
£
654,715
-
132,054
4,913
212,699
-
-
-
1,938,628
270,008
15,400
14,517
3,242,934| |---|---|---|---|---|---|---| |**Income & Endowments**
**Income from**
Donations
Legacies
Investments
Charitable activities
**Total income &**
**Endowments**
**Expenditure**
**Expenditure on**
Raising funds
Investment Management Fees
**Charitable activities**
Residencies & Concerts
Recruitment & Auditions
Inspire & Special Projects
**Total resources expended**
**Net incoming/(outgoing)**
**Resources before**
**investment gains/(losses)**
Unrealised & Realised
gains/(losses) on investment
assets
**Net income/(expenditure)**
**before tax**
Orchestra Tax Credit
**Net income/ (expenditure)**
**Transfers between funds**
Transfer from Expendable
Endowment
Gains/(losses) on revaluation
of Fixed Assets
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|Unrestricted
Funds
£
729,407
318,887
26,093
478,278
1,552,665
518,229
-
984,379
197,058
349,410
2,049,076
(496,411)
19,341
(477,070)
140,645
(336,425)|Restricted
Funds
£
618,665
100,000
25,584
-
744,249
-
-
403,249
-
342,000
745,249
(1,000)
14,003
13,003
-
13,003|Permanent
Endowment
Fund
£
-
-
-
-
-
-
-
-
-
-
-
-
16,204
16,204
-
16,204|Expendable
Endowment
Funds
£
-
-
-
-
-
-
6,720
-
-
-
6,720
(6,720)
112,120
105,400
-
105,400|Total
Funds
2019
£
1,348,072
418,887
51,677
478,278| |---|---|---|---|---|---| ||||||2,296,914| ||||||518,229
6,720
1,387,628
197,058
691,410| ||||||2,801,045| ||||||(504,131)| ||||||161,668| ||||||(342,463)| ||||||140,645| ||||||(201,818)| ||||||| ||450,000|-|-|(450,000)|-| ||19,000|41,500|-|-|60,500| ||132,575
522,140
654,715|54,503
295,163
349,666|16,204
283,721
299,925|(344,600)
2,283,228
1,938,628|| ||||||(141,318)
3,384,252| ||||||3,242,934|