2025-08-31-accounts

Trustees’ Annual Report for the period

From 01/09/2024 Period start date To 31/08/2025 Period end date Charity name: MAIDSTONE YOUTH MUSIC SOCIETY Charity registration number: 29340

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objects of the Society shall be to promote, improve, develop and maintain public education and appreciation of the art and science of music in all its aspects of the presentation of public concerts and recitals in Maidstone and elsewhere and also to do all such other lawful things as the Society, through its Committee should determine.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	Main activities on offer include: Concert Band String Ensemble Massed Voices Choir Symphony Orchestra Choir
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	I can confirm that the trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	_
Policy on social investment including program related investment	Para 1.38	_
Contribution made by volunteers	Para 1.38	_

Other _

Achievements and Performance

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SORP reference
The objects of the Society were again met
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SORP reference	SORP reference	SORP reference
		The objects of the Society were again met
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	this year. The Society, although smaller than last year has still been able to promote, improve, develop and maintain public education and appreciation of the art and science of music in all its aspects including the presentation of public concerts in Maidstone. It has continued to re-engage students to the huge benefits of music in a safe and welcoming environment. MYMS held a number of public concerts last year and provided a clear pathway to many students so they can develop their music skills to a higher level if so desired.

Additional information (optional) You may choose to include further statements where relevant about:

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set	Para 1.41	_
Performance of fundraising activities against objectives set	Para 1.41	_
Investment performance against objectives	Para 1.41	_
Other		_

Financial Review

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Review of the charity’s Para 1.21 For the year ended 31 August 2025,
financial position at the end Maidstone Youth Music Society
of the period demonstrated a strong improvement in its
financial position compared to the previous
year. The Society’s net assets increased
from £25,893.39 at the end of August 2024
to £42,108.66 at the end of August 2025.
This growth reflects a successful year in
both fundraising and operational
management.
Income and Earnings:
Total turnover for the year was £31,960.06,
a significant rise from £6,731.42 in the
previous year. This was driven by
increased grants and funding, membership
fees, donations, and other revenue
streams, including tuckshop sales. After
accounting for costs of sales and
administrative expenses, the Society
achieved an operating profit of £16,215.27,
reversing the previous year’s loss of
£11,718.80.
Assets and Reserves:
The Society’s cash at bank and in hand
increased to £27,294.47, up from
£12,558.82 the previous year. Additional
current assets, such as Gift Aid due and
the Virgin Charity Account, contributed to
total current assets of £42,107.65. Fixed
assets decreased, primarily due to the
disposal or depreciation of musical
instruments, but overall net assets rose
substantially.
Financial Stability:
The Society holds no reserves, as all funds
are unrestricted and used for the charity’s
running expenses. The positive operating
profit and increased net assets indicate a
stable financial footing at the end of the
reporting period.
Conclusion:
Maidstone Youth Music Society has
strengthened its financial position over the
past year, ensuring it is well placed to
continue its charitable activities and support
public music education in Maidstone and
beyond.
Statement explaining the Para 1.22 N/A
policy for holding reserves
stating why they are held
Amount of reserves held Para 1.22 Nil
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Reasons for holding zero reserves	Para 1.22	There are no reserves held by agreement all funds are unrestricted and for use of the charity running expenses
Details of fund materially in deficit	Para 1.24	_
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	_

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	_
Investment policy and objectives including any social investment policy adopted	Para 1.46	_
A description of the principal risks facing the charity	Para 1.46	_
Other		_

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution (adopted 11 February 1977, as amended 10 October 1986, 20 March 1987, 8 May 1987 and 23 June 2007).
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated association
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	The charity is governed by a management committee (the trustees). Trustees are elected/appointed in accordance with the charity’s constitution through the Society’s governance arrangements .

Additional information (optional) You may choose to include further statements where relevant about:

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees	Para 1.51	_
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	_
Relationship with any related parties	Para 1.51	_
Other		_

Reference and Administrative details

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Charity name Maidstone Youth Music Society
Other name the charity uses MYMS
Registered charity number 297018
Charity’s principal address Damian Pevy
68 Florence Road
Maidstone
Kent
ME16 8EL
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Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
1 Claire Worrall Secretary
2 Barbee Vaughan Librarian
3 Phill Hyde Manager
4 Damian Peavy Chairperson
5
6
7
8
9
10
11
12
13
14
15
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19
20
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– Corporate trustees names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

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Trustee name Dates acted if not for whole year
N/A
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Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser
-
-
-
-

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date
	Phill Hyde
	Manager
	19/01/2026
	19/01/2026

Docusign Envelope ID: 25F7B2B4-035F-494B-A606-9FDDE54F2D25

Profit and Loss

Maidstone Youth Music Society For the year ended 31 August 2025

Profit and Loss Maidstone Youth Music Society For the year ended 31 August 2025
		2025	2024
Turnover
Grants and Funding		2,784.90	165.00
Membership Fees		5,779.54	6,383.16
Other Donations		618.98	-
Other Revenue		22,309.62	-
Tuckshop sales		467.02	183.26
Total Turnover		31,960.06	6,731.42
Cost of Sales
Orchestra Conductors		4,309.26	5,525.52
Total Cost of Sales		4,309.26	5,525.52
Gross Profit		27,650.80	1,205.90
Administrative Costs
Advertising & Marketing		90.00	-
Audit & Accountancy fees		-	350.00
Bank Fees		320.14	-
Book keeping Fees		250.00	650.00
Insurance		-	181.00
IT Software and Consumables		-	490.00
Management Fees		7,284.00	7,152.99
Rent		3,259.25	3,650.50
Repairs & Maintenance		-	231.75
Subscriptions		232.14	218.46
Total Administrative Costs		11,435.53	12,924.70
Operating Profit		16,215.27	(11,718.80)
Profit on Ordinary Activities Before Taxation		16,215.27	(11,718.80)
Profit after Taxation		16,215.27	(11,718.80)
10/28/2025	10/28/2025

Profit and Loss Maidstone Youth Music Society

12 Oct 2025 Page 1 of 1

Docusign Envelope ID: 25F7B2B4-035F-494B-A606-9FDDE54F2D25

Balance Sheet

Maidstone Youth Music Society As at 31 August 2025

Balance Sheet Maidstone Youth Music Society As at 31 August 2025	Balance Sheet Maidstone Youth Music Society As at 31 August 2025
31 AUG 2025 31 AUG 2024
Fixed Assets
	Tangible Assets
	Buildings 1.00 1.00
	Computer Equipment 0.01 0.01
	Musical Instruments - 2,640.38
	Total Tangible Assets 1.01 2,641.39
Total Fixed Assets 1.01 2,641.39 Current Assets
	Cash at bank and in hand
	Maidstone Youth Music Society 25,824.15 11,088.50
	MYMS CO OP BANK 1,470.32 1,470.32
	Total Cash at bank and in hand 27,294.47 12,558.82
	Gift Aid Due 6,490.00 2,370.00
	Virgin Charity Account 8,323.18 8,323.18
	Total Current Assets 42,107.65 23,252.00
Net Current Assets (Liabilities) 42,107.65 23,252.00
Total Assets less Current Liabilities 42,108.66 25,893.39
Net Assets 42,108.66 25,893.39 Capital and Reserves
Current Year Earnings 16,215.27 (11,718.80)
Retained Earnings 25,893.39 37,612.19
Total Capital and Reserves 42,108.66 25,893.39

12 Oct 2025 Page 1 of 1

Balance Sheet Maidstone Youth Music Society

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