Charity registration number 512222 Company registration number 016014S1 (England and Wales) YORKSHIRE YOUTH AND MUSIC LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
YORKSHIRE YOUTH AND MUSIC LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees KAndrews A Beckwith P Ellis E Gill V Parmar P A Quinn J Randerson (Appointed 25 September 20231 (Appointed 25 September 2023) (Appointed 25 Seplember 2023) (Appoinled 25 September 20231 Secretary G Dudson Senior management Gail Dudson (Chief Officer) Charbty numbèr 512222 Company number 01601451 Reglsterèd offi¢0 Lg31 Kirklees Media Centre Huddersfield Northumberland Street HD11RL Independent examiner V J Atkinson BK Plus Limiled 52 Sl Johns Lane Halifax West Yorkshire HX128W Bankers Virgin Money Jubilee House Gosforlh Newcaslle upon Tyne NE3 4PL Investment advlsors CCLA Investment Management Limited Senator House 85 Queen Victoria Street London EC4V 4ET
YORKSHIRE YOUTH AND MUSIC LIMITED CONTENTS Pago Trustees, report Independent examine¢s report Statement of financial aclivilies Balance sheet Not8S to the financial statements 8-22
YORKSHIRE YOUTH AND MUSIC LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their annual report and financial statements for the year ended 31 March 2024. The financial slalements have been prepared in accordance with the accounling policies set out in note 1 to Ihe financial statements and comply with Ihe charily's Memorandum and Articles of Associalion, the Companies Act 2006 and "Accounting and Reporting by Charities-. Slatemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 102)" (eff8Ctive 1 January 2019). Objectives and actlvltlos Yorkshire Youth & Music is a charily offering young people the opportunily to make music and lo learn whilst they are making. Our primary aim is lo provide access for and participation by young people in the region who have no other opportunity. We do this by working in partnership across Yorkshire. and by working with and training inspiring musicians. Young people who participate in our projects make music and learn about music that is relevant and meaningful to Ihem. We facilitate exploration. discovery and inspiralion across all kinds of music and encourage young people to wlden Iheif musical hofizons and raise Ih8ir aspirations. We want their music making lo be enjoyable. creative and for it lo make a positive conlrlbulion to their lives. and we find the best music creators. produceis, instrum9nlalisls, singers and other music leaders lo work with them. We address regional priorllies and local needs through yorkshire.wide parlnership projecls. We work in partnership with other music organisalions, local aulhorilies, arts venues. schools, children's cenlres. voluntary organisalions, Arls Council England and Youth Music. Public b8nefil The Iruslees have paid due regard lo guidance issued by the Charity Commission in deciding what activities the charity should undertake. Signific8nl activities This wa5 a busy and successful year for Yorkshire Youth and Music. We built a pr¢dudion space in an additional space at The Media Cenlre, Safe Space Sludios. A box built wilhln an office. Safe Space Studios is open to young people as a making, learning and meeting space. Macbooks, keyboards, DJ d8cks, inlerfaces, synlhesisers and monilors of many kinds are available, alongside DAW and other music creation soare,. it is a small (sound proofj box, but full of music lechnology kil and other delights. The studio build was supported by Kirklees Council. and funding from the Nallonal Lotiery Community Fund and Creativ8 Mind5 paid for studio technicians lo work with young people who come lo the Studlo lo make Ihelr music. During il's first year il was used by more than 40 young P80ple, including Looked After Children, young people with mèntal ill-health and those in contact with Youth Justice seiceS. Kirklees Year of Music 2024 was a Kirklees Council initiative funning across the borough for a year lo celebrate the rich musical heritage and life of the borough. YY&M were paid a fee to design and manage 'Music of Tomorrow,, a programme for disadvantaged young people lo learn and conlfibule to the celebration. Over Ihe year 40 young people participated for at least 3 monlhs, with many slaying for the whole year. In five blocks of learning, they worked in studios al Kirklees College, Huddersfield University and our own Safe SparR Studio. at Vibrations Studi05 and at local venue Small Seeds. They learned individual and collective musicamaking skills. to OJ, rècording. mixing and mastering. aditing, labels and releasing, performing. sharing and 'jamming'. Ten wide-ranging music leaders. 5 assistan15 and 5 mentors helped them along, with over 150 hours of sessions available lo parlicipanls, each with at least 3 music leaders lo work with. There were four sharing sessions in Small Seeds. as well as mentoring and other support. As the programme closed many re-entered full lime education, had found work, or moved onto other music programmes in Ihe area.
YORKSHIRE YOUTH AND MUSIC LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A subslanllal new 3-year project in Youth Justice, 'Music Just 4 Us, supported with a large grant from Youth Music, began in April 2023, Most of the work is in the secure estate.. Adel Beck and Aldine House Secure Children'5 Homes, Welherby Young Offenders Instilulion. and the Molhèf and Baby Units of HMPS Askham Grange and New Hall. A smaller proportion is with young offenders and young people al risk in the community. Based on consLsltalion with participants, the pro9famme con¢enlrales on digital music skills- Cfeation, recording. editing and mixin9 original music. There are also DJ skills added into the mix and in the Mother and Baby Units (MBU'S) nursery, aGll0n, leafning and rnusical game5 for molhers and their babies who are resident. Over the year 130 participants engaged for at least len sessions, wilh another 40 participants trying lasler sessions or shorter angagemenl. Over the year. 6 musl¢ lèaders have lak8n their specialist skills around the secure estate with another 5 working in the community. There were 64 visits to MBUS. 180 day5 of delivery in Welherby and the Secure Chlldren's Homes. and 200 hours of 1..1 or group sessions in the community. Our project in Sheffield working in partnership wilh Nexus Academy Trust who provide schools in hospilal and other medical sellings, continued lo develop. A subslanlial grant from the Keilh Howard Foundation, alongsida funding from the Academy Trust. meant we could work in Becton Young People's Centre. Chapel House School and Sheffield Childien's Hospital every week during term lim8. Working with clinical and therapy teams, music activities are provided to children and young people over thre& days a week during term lime. by music leaders. The young people. aged from pre-school lo 17 years. all have significant health needs. including severe menlal ill-heallh, physical health, degenerative conditions or complex needs. Some r95idenls ar8 in NHS care long term. many have complex needs, and in some cases th8 music leaders have had lo learn infeclion control routines. Our Music Leaders built relationships with those in long-lerm care. and visited with guitars. iPads. dj and digital tech, drum pads and synlhesisers lo make music together. 210 days of visils we completed over the year, with around 100 young people engaging in regular music making Ihroughout Ihe year. Our Refugee and Asylum Seeker project in Calderdale. part of Culluredale 2024. continued through the year. For one day each week, as well as visiting hotels housing asylum seekers. we worked in Beech Hill School, wh8re our music leaders and assistants Wofked with recent arrivals in the UK from many parts of the world, speaking many languages, singing and playing together lo make music. Al Halifax Academy aftef school, we worked with vulnerable young people lo create soundscapes, sing. play keyboards and form a samba band. More Ihan 50 young people joined in the project on a fegular basis. Finally, a grant from Arts Council England gave us the opportunity to provide pald training lo nine new music leaders from around the region. Thls has increased the diversity of our pool of freelance musicians, wilh more women. and young people joining the YY&M stable. Our trainees also receive mentoring support. training in Mental Heallh Firsl Aid, and CPD sessions on a range of subjects, before joining us as music leaders in Iheir own right. A¢hlov•ments and porformance Significant activities and achigvemenls against objeclives Around 360 young people joined in our programmes. most for an extended period of engagement, We piovlded 12 mLFSiC leaders and 9 Irainees with paid work, spending £138.000 paying musicians. Our music leaders worked on different PfQ3ecls in many sellings, and our Irainees were given opportunities to shadow work across our projects. We increased our investment in equipment and facilities and built new partnerships. As in previous years, many of the young people who came to us had missed substanlial parts of formal educalion and had limited social and community engagement. We supported them lo reongage with formal learning, finding courses and institutions they could apply lo, and working with others as they found their firsl employment. We have continued to build relalion5hip5 wilh funders. including Wesl Yorkshire Combined Authority who support our community work with young people al risk of becoming involved in Violen or crime and other foundations including Keith Howard, who suppori our mental health work. Our staff spenl much of their liffle managing projects. including Music of Tomorrow,. the company was paid a managemenl fee for the Pfojecl, though the much larger project costs were spenl Ihrough Kirklees Council and are not reflected in Ihe accounts for the year. During the year we were joined by four new Trustees, bring new expertise, energy and diversity lo our Board.
YORKSHIRE YOUTH AND MUSIC LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal r8vi8w The charity had income for the year tolalling £222,339 (2023.. £186.1711, expenditure for the year was £243.909 12023.. £171,098) leaving a deficit for the year of £21.570 (2023.. £15,073 surplus), the deficit is split between unrestricted funds, £4,131 and restricted funds £17,439. The fund balances carried forward al Ihe year end were unrestricted funds of £82,683 12023.. £86,814) and restricted funds of £31.090 {2023= £48.529), lolalling £113,77312023.' £135,343). Resetves policy It is proposed that the company will endeavour to maintain a minimum of £51,000 in reserve. Thls is an eslimale of core costs for a 6 month period of £34,000, lolal redundancy costs of £12,000 and £5,000 required a5 a contingency. The level of reserves at 31 March 2024 is £113.773 with unrestricted reserves belng £82.683 <2023 .. £86,814). A summary of reserves is as b810w:. Total Reserves per Slatement of Financial Activities Less .' Reslricled Reserves Less '. Unreslricled Reserves held as Fixed Assets Less .' Designated Reserves 113,773 (31,090) (8,657) (17.168> Amount Availabl8 8s Unrestricted R8serves Reserves PoliGy- Wind Down Costs Reserves Policy- Contingency 56,858 (46,000) 15,0001 Excess Reservo8 5,858 The reserves are currently in excess of the minimum requirement of £51.000 by £5,858, however the board are satisfied Ihal this Is lo provide additional resources to ensure the smooth running of the charity in an Unrtain economlc climate. Plans lor future perlods We will continue lo grow and develop the use of Safe SpaGe Sludio for young people from Kirklees and beyond, offering flexible use depending on young people's own skills, experiènce and confidence. Therè will be sessions on offer supported by a studio technician. or by a music leader. and individual or srnaS1 group 58ssIDns for young people in challenging circumslanGes. New music leaders from our trainee scheme will be key lo offering new services. Our Music of Tomorrow projecl for Kirklees Year of Music 2023 will be exl8nded into 2024 so that participants can continue lo make music together for two hours a week until Christmas 2024. This will be run as a drop-in evening al Safe Space Studio, so Ihal participants can continue their musical journey and maintain creative collaboration with olher young people in Kirklees. Music Just 4 Us will continue throughout the year wilh weekly music making in Adel Beck and Aldine House Secure Children's Homes, W8therby Young Offenders Instilulion and Askham Grange and New Hall MBUS. We will be supporting young people to achieve Iheir Arts Awards and other qualifications and arranging for guest musicians lo visit for special events. Our work across Kirklees will be developed lor young people at risk, Including in our own studio and in alternative education provision across the borough. Our programme in young people's mental health will continue for the whole of 2024125 al Becton Cenlre, Chapèl House School and Sheffield Children's hospital, providing weekly lerm-time Music making for young people who are unable to attend mainstream school for health reasons. We are developing new programmes rnore training opportunities to enable young musicians to become mu51C leaders, and working in communities wilh low social engagement around Kirklees.
YORKSHIRE YOUTH AND MUSIC LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 structure, governance and management Yorkshire Youth and Music became a registered charity on 14 January 1982. charity number 512222. il is also a company limited by guaianlee. incorporaled on 2 December 1982. company number 01601451. Governance The board of Irustees meet quarterly and communicate via email and telephone on an ad hoc basis. The Director and Deputy Director report to th8 Board and Acting Chair who maintains liaison wilh them. All trustees are appointed on a voluntary basis, and do nol receive any femlsneralion for their time. All 8XP8nses réimbursed to trustees are disclosed in the accounts. The trustees, who are also Ihe directors for the purpose ol company law, and who serv8d during the year and up to the date of 3ignatLsre of the financial statements were.. K Andrews A Beckwith S L Chandler P Ellis E Gill AVKenl V Parmar PA Quinn J Randef50n (Appointed 25 Seplembgr 2023) (Resigned 21 Seplembei 2024> (Appointed 25 September 2023) (Resigned 10 November 20231 {Appoinled 25 September 20231 {Appointed 25 Seplember 2023) Inducllon and tInIng of trus188S New board members are given company policies and information lo familiarise themselves with the charity, and opportunities lo discuss the work wilh Ihe Director and Deputy Direclor. They are invited to spend lime viewing project work and in the charily offices - their induction proGe5S IS then reviewed, assessing their needs and ensuring they have been met. Appoinlm&nt of council or management The members of the council of management have the authority to appoint new members aither lo fill a casual vacancy or to provide additional members. A member so appointed shall relain their office only until the next Annual General Meeting, but will then be eligible for re-election. Key Manag8mgnt The key managemeni personnel of the charity has been identified as the Chief Officer. The salary of the key managèment is sel, and then reviewed by the Iruslees. Th6 Organisalion The slaff of Yorkshire Youth and Music. report lo the Council of Managemenl ("Ihe board") at quarterly meelings and to subcommittees on an ad-hoc basis. All project parliclpanls are asked lo review and evaluate projecl work, and regular reports on each project are prepared for funders, project sleersng groups and the Board. The Irustee5' report was approved by the Board of Trustees, J Randerson Trustee Dale:
YORKSHIRE YOUTH AND MUSIC LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YORKSHIRE YOUTH AND MUSIC LIMITED I report lo the trustees on my examinalion of the financial slatemenls of Yorkshire Youth And Music Limited (Ihe charity) for the year ended 31 March 2024. Responsibilltie5 and basls of report As the Iruslees of the charity (and also ils direclors for the purposes of company lawl you are responsibl8 lor the préparation of the financial slalements in accordance with thé requirements of Ihe Companies Act 2006 (the 2008 Act). Having satisfied myself that the financial statements of Ihe charily are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent Èxamination. I report in respect of my 6xaminatlon of the charity's financial slalements cariied out under Section 145 of the Charities Act 2011 (the 2011 Acll. In carrying out my examination I have followed all the appliGable Direclions given by the Charity Commission under section 145(5)(b) ofthe 2011 Act. Indepondent examlner's statement I have completed my examination. l confirm that no matters have come to my attenlion in connection with the examination giving me cause lo believe that in any material respect.. accounting ie¢ords were not kept in respecl of the charity 08 required by section 386 of the 2006 Act., or the financial slalements do nol accord with those records., or Ihe financial stalemenls do not Comply with the accounting requirements of section 396 of the 2006 Act olher than any requirement that th8 accounts give a Ifue and fair view which is not a matter considered as part ol an ndependent examination., or the financial slalemenls have not been prepared in accordance with Ihe methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities applicable lo charlties preparing Iheir accounts in accordance with the Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no concerns and have come across no other matters in connècfion with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the financial statements lo be reached. V J AtklnJ50n 8K Plus Limited 52 Sl Johns Lane Halifax West Yorkshire HX128W 16 ZOl•+ ÉL Rivs L11tr1q Dated..
YORKSHIRE YOUTH AND MUSIC LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Totsl Unrestricted Restrictgd funds funds 2023 2023 Total 2024 2023 Notes Income from: Donations and legaci8S Charitable activitie General charitable activities Musical Freedoms Youth Justice Safe Space 53.808 48,994 102.802 18,161 77.551 95,712 33,951 19.100 $3,051 6,924 14,054 67,345 20,978 67,345 59.359 180 59.359 180 Inveslmen15 6,947 6,947 2.136 2,136 Total incomè 94.706 127,633 222,339 27.221 158.950 186,171 Expondlture on: Charilab General Gharllable activities Children In Need Musical Freedoms 96.035 144,748 2,970 156 240,783 2.970 158 22.722 44,222 4,142 100,012 66,944 4,142 100,012 Total ¢harltablo expendlture 96,035 147,874 243,909 22,722 148,376 171,098 Total expendituro 96.035 147,874 243,909 22,722 148.376 171,098 Net in¢omèllexpendlture (1,329) (20.241) (21.570) 4,499 10,574 15,073 Transfers between funds {2.802) 2,802 9.968 (9,968) Net movemont in funds (4.131) (17.439) {21.570) 14,467 606 15,073 Reconciliatlon of funds: Fund balances al 1 April 2023 86,814 48.529 135,343 72,346 47,924 120,270 Fund balances at 31 MarGh 2024 82.683 31,090 113.773 86,813 48,530 135,343 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from Continuing activitie5.
YORKSHIRE YOUTH AND MUSIC LIMITED BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Noles Flxed assets Tangible assets 12 8.657 2,467 Current assets Debtors Cash at bank and in hand 13 24.109 99,142 29,766 108,531 123.251 138,297 Crèdltors: amounts falling due withln one year 14 (18,135) (5.4211 Net curront ass8ts 105,116 132,876 Total assets 1o¥s current liabllltles 113,773 135,343 Not asgets excluding pen8lon Ilabllity 113.773 135,343 The funds of the charlty Restficled income funds Unreslricled funds 16 17 31.090 82,683 48,530 86,813 113,773 135,343 The Company is entilled lo the exemption from the audit requirement contained in sedion 477 of the Companies Act 2006, for the year ended 31 March 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and Ihe preparation of financial statements. The members have not required the company lo obtain an audil of ils financial stalemenls for Ihe year in question in accordance with section 476. These financial slalemenls have been prepared in accordance with the provisions applicable lo companies subject to the small companies regime. The financial stalemen15 were approved by the trustees on ............-....... J Randerson Trustse Company registration number 01601451 (England and Wales)
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charity information Yorkshire Youth And Music Limited is a private company limited by guarantee incorporated in England and Wal8s. The registered office is Lg31 Kirklees Media Centre, Huddersf181d. Norihumberland Street, HD1 1 RL. 1.1 Accounting convention The financial slalements have been prepared in accordance with the charity's Memorandum and At1icles of Associallon. the Companies Act 2006, FRS 102 "The Financial Reporting Slandard applicable in the UK and Republic of Ireland. I"FRS 102,1 and the Charities SORP "A¢counling and Reporting by Charities.. Slalemenl of Recommended Praclice applicable lo charities Preparing Iheir accounls in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charily is a Public Benefit Enlily as defined by FRS 102. The Gharily has taken advantage of the provision5 in the SORP for charities not lo prepare a Statement of Cash Flows. The financial stalemenls are prepared in Sterling, which is the functional currency of the charity. Monetary amounts in these financial slalemenls ale rounded lo the nearest £. The financial slalements have been Pfepared under the historical cost convention. The principal a¢UntIng policies adopted are set out below. 1.2 Golng conGgrn Al Ihe lime of approving the h'nancial statements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operalional existence for the foreseeable future. Thus Ihe Iruslees ontinué lo adopt the going concern basis of accounting in preparing the financial slalements. 1.3 Charltablè funds Unrestricted fund5 are available for use al the dis¢relion of the tru3lees in furtherance of Iheir charilable objectives. Restrided funds are subject to specific conditions by donors or granlors as lo how they may be used. The purposes and uses of the restricted funds are sel oul in the notes lo the financial slalemenls. Endowment funds are subject to specific conditions by donors that the capital musl be maintained by the charity. 1.4 Income Income is recognised when Ihe charity is le9ally enlilled lo it after any performance Condilions hav8 b8en mel, the amounts can be measured reliably. and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donalion, unless performance ¢ondilions require deferial of the amount. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenanl is recognised at Ihe lime of Ihe donation.
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles Icontinued) l.S Expenditure Expenditure is recognised once there is a legal or conslruclive obligation lo transfer economic benefil lo a third party, it 15 probable that a transfer of economic benefits will be required in settlement, and the amounl of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direcl costs allribulable lo a single aclivity are allocaled directly to that activity. Shargd costs which contribute lo more than one activity and support cost5 which are not attributable to a single aclivily are apportioned between those aclivlties on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and deprecialion chafges are allocaled on the portion of the asset's use. 1.6 Tanglble flxed assets Tangible lixed assels are initially measur8d al cosl and subsequently measured at cosl or valuation, nel of depreciation and any impairmenl losses. Depreciation is recognised so as lo write off the cost or valuation of assels less their residual values over their Useful livès on the following bases.. Fixtures and fillings Audio Visual Equipment 25% 1100•h on cost 50% on cost The gain or loss arising on the dlsposal of an asset is determined as th8 dlfference between th8 sal8 proceed5 and the carrying value of Ihe asset, and is recognised in the statement of financial aclivilies. 1.7 Impalrment of fixed assets Al each reporiing end date, the chaflty r8view5 the carrying amounts of ils tangible assets to d&lermine whether there is any indication that those assels have suffered an impairment loss. If any such indication exists, the rècoverable amount of the assel is eslimaled in order lo determine the exlenl of the impairment loss lif any). 1.8 Cash and cash equlvalents Cash and rAsh equivalents include cash in hand. deposits held al call with banks, other short-lerm Ilquid inveslmènls with OTiginal malurilies of three months or les5, and bank overdrafts. Bank overdrafts are shown wilhin borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Se¢lion 12 'Olher Financial Instruments Issue5, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charily's balance sheet when the charity becomes party lo the contraclual provisions of the instrument. Financial assets and liabilities afe offset, wilh the net amounts presented in lh8 financial slatemenls, when there is a legally enfortsable right to sel off the recognlsed amounts and there is an intention lo settle on a net basis or lo realise the assel and sellle Ihe liabilily simultaneously. Basic flnan¢ial assets Basic financial assets, which include deblors and cash and bank balances. are initially measufed al transaction price including Iransaction costs and are subsequently carried al amortised cost using Ihe effective interest method unles5 the arrangement nstituteS a financing transaction, where the transaction is measured al the present value of the future receipts discounted al a market rate of inleresl. Financial assets classified as receivable within one year are not amortised.
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AGcountlng pollcles Icontlnuedl Basic Ilnancial liabillties Basic financial liabilities. including creditors and bank loans are initially recognised al transaction price unless the arrangement constitules a financing Ifansaction, where Ihe debt instrument is measured at the pre5enl value of Ihè future payments discounted al a market rate of inleresl. Financial liabilities classified as payab18 within one year are not amortised. Debt instruments are subsequently ¢arried at amortised cost. using the effective interest rate melhod. Trade creditors are obligations to pay for goods or Services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wlthin one year or less. If not, they are presented as non-currenl Ilabilitiès. Trade creditors are recognised initially at transaction price and subsequently measured al amoriised Cost using Ihe effeclive inleresl melhod. Derecognltion of financial liabililles Financial liabilities are derecognised when the charity's contractual obligalions 8xpire or are discharged or cancellèd. 1.10 Employee bonèflts The cost of any unused holiday enlillemenl is recognised in the period in which th8 èmployee's services are received. Termination benèfits are recognised immediately as an expense when the charily is demonstrably committed lo termlnale the employrnenl of an employee or to provide termination b6nefils. 1.11 Rotirnment beneflts Payments lo defined contribution r8lir8menl benefil schemes are charged as an expens8 as Ihey fall du8. Crltlcal aecountlng e$tlmates and Judgemonts In the application of the charity's accounting policies, the Irustees are required lo make judgements. estimates and assumptions about Ihe carrying amounl of assets and liabililies Ihal are nol readily apparent from other sources. The estimate5 and as50cialed assumptions are based on historical experignce and other factors Ihal are considered lo be relevanl. Actual results may differ from these estimates. The estimates and underlying a55umpiions are reviewed on an ongoing basi3. Revisions lo accounting estimates are recognised in the period in which the eslirnale is fevised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. 10-
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incom• Irom donitlo#• •4)¢J l•g•¢l•s Unr••irl¢t•d R•8lrlct•d luAds funds 2024 2024 Tot•1 Unrn•irlGi•d R•8trlct•d lund8 lund 2D23 2023 Toiil 2024 202) Donallon5 And qrfts Gianl Incorn• Oonit•d 9¢odg •nd i•r¥k•* t,756 52.052 1.756 101,048 1,6S1 15,310 1.200 48.994 77,551 92,861 1.200 53,600 48.994 102,B02 77,551 95.712
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In¢om• from donallonj •nd l•#•¢l•• ICoDtlnu•dl Unr•Jirlcl•d R•¥lrl¢t•d Totil Unr•strl¢t•d R•$irl¢i•d lunds lund• 2023 202> rotl 2024 2024 2024 202J Gr•nlS r•¢•lv•bl• lof ¢or• i¢tlvlll•• Arti Cauneil EnolèThd. Y•rkihli• Brodlord MOC CalLleid8le M8C The C4mbilan Group Th• D'oyty ¢gnlf8 Kellh Howaid FDundlo KliklooB Coun¢ll On• Cornmunily Foundal*Tr Other 914nls R••chAuderny 1¢ Spac8 INallonal Lollery ID". 202eoe431 Sln9 Up FoundallDn Sir George Morfin Trv$l Soulh W$1 YoFkshir• Partnernhip NHS Sludlo space sl Yorkahlr• Combin•dAulhority 730 28.58 1.CQQ 26,588 1,000 10,SOO i.oso 3,500 10.600 10.50) 5,000 1,0S0 3.500 19.000 2.944 5.000 34.21e 3.0 6,654 37.162 8,ODO 8.854 18.030 6.023 19.830 5.923 4,230 4.230 10,000 10,000 8.000 2,500 6.000 2,500 7,000 1.650 5.760 5,780 52.052 48.994 101,046 15,310 77.$51 92,861 12-
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Incom• frtsm ¢h•rltbl• •Gtlvltl•¥ Unr••trf¢i•d R•¥trlcl•d fundi lund¥ 2024 2024 Tol•l Unr•tsirlctod R••trl¢tsd fund¥ lund$ 2023 2023 Toui 2024 202) G•nwr41 rh•rlt•bl• aetl¥lll•4 Portn8r8hlp Fees- Sehotsls nd Lo1 P•rtn•rs Nallon81 Found•llon for Youlh Mu¥ Olh•r 22.411 11,54) 33,711 18A40 3.810 2.755 359 14.054 17.864 2,785 J59 Mu•l¢•l Fre•dom• Partne18hlp Fe85- SGhoots and Loc¥ Partnw Ngllonal Foundallon Icr Youth mShG 34,845 32,500 34.845 32.500 Youth Jv•tl¢• Partnor$hip F•e8. sch1% 4na LKJI Partn•r8 Natbnal Found41ion lor Y¢ulh Mtsslc 29,859 29.500 29,859 29,5 $al• Sp4¢• P•rtn•i•hlp F••s. Sthod• and Local PBrtn8r# 33.951 78.639 112. 6.924 81,399 88.323 13-
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from investments Unrostricted Unrestricted funds funds 2024 2023 Interest receivabl8 6,947 2,136 14-
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Exp•ndllur• on ¢hirltabl• ¢tl¥lll•• G•n•r•l Cttlldr•n In M•Mlc•l chaTii4b Nq•d Fr•domB Ilvlll 2024 Trtsl G•n•rnl Chlldrnn In Muilril ¢h•rlt•bl• N••d Fr••ttorn8 Tot41 2024 2024 1024 202) 2023 2029 202a OIT•Gt ¢osis siaff ¢o¥lS O¢pre¢lglbn and Impthlrm•nt Pf8m1805 $1¢ oinu Old 8dmlThl8li&llon usii Fl•p&ir8 and malnl•nnu ¢o>ts Molor and Irav•l ¢08ts Artl•lS f••$ Marh•lkng and PR Tralnlng and pla¢ttm6nls Flnance Go¥li Olher rmsls 82.407 6.795 10.709 4.807 729 725 137.131 11. 1.620 84,027 6,795 10.709 4.807 729 725 138.481 11,960 1.918 194 1.2541 53.065 3.529 8.264 J.Od 2.546 401 115,3601 7.081 2,474 169 178 53.086 3.529 11.84S 4.394 6.372 439 75.869 10,215 2,474 169 176 J.581 1,346 3,826 4.142 87,D87 3,134 194 1.098 158 238.S03 2.970 156 241,629 65.394 4.142 99.012 188.548 Sharo ot4¢JPPOrt •#d p•v•rninG• ¢ot• l••• Thoth rl Supp¢rt 2,280 2.260 1.550 1,000 2,550 240.713 2.970 243.gj 4,142 100,012 171.090 An•lysli by iund LJnre$iricled lunds R•#IfIad lund 96,035 144,74 96.035 147.874 22.722 44,222 22,722 148,370 2.970 156 4.142 100,012 240.78J 2.970 156 243.939 e6,944 4.142 100.012 171,098 15.
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated lo actlvitles 2024 2023 Gov8rnance costs 2,280 2,550 Analy8ed betwoen: General charitable aclivilies Musical Freedoms 2,280 1.550 1,000 2,280 2,550 Net movement in funds 2024 2023 The nel movement in funds is staled after charging: Depreciation of owned tangible fixed assels 6.795 3,529 Trustees None ol the IrLtslees lor any persons connected with them) received any remuneralion or benefits from the harily during the year. 10 Employees The overage monthly number of employees during Ihe year was: 2024 Numbor 2023 Number Direct cttarilable Adminislralion Total Employment costs 2024 2023 Wages and salaries Social security costs other pension costs 62,831 55,700 (3,849) 1,215 1,196 64,027 53,066 Included in wage5 and salaries costs above are costs relating to freelan¢e and temporary project slaff. There were no employees whose annual remuneration was mofe than £60,000. 18-
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Employees Icontinued) Remuneration of key management personnel The remunefation of key management personnel is as folkjws: 2024 2023 Aggregate compensation 32,220 30.858 11 Taxation The charity is ex8mpt from taxation on ils activilies beGaus8 all its income is applied for charitable purposes. 12 Tanglblo fixed assets Flxlur05 Jnd Audlo Vl¥ual flttlnB• EquSpmont Totsl Cost Al 1 April 2023 Additions Disposals 21,255 12.985 1,261 22,516 12,985 (4151 (415) Al 31 March 2024 34.240 846 35,086 Deproclatlon and Impalrment At 1 April 2023 Deprecialion charged in the year Eliminated in respacl of disposals 18,788 6,795 1,261 20,049 6,795 (4151 (41 S> Al 31 March 2024 25,583 846 26,429 Carrylng amount Al 31 March 2024 8,657 8,657 At 31 March 2023 2.467 2,467 13 Deblors 2024 2023 Amounts falling due wlthln one year: Trade debtors Prepayments and accrued income 17.632 6,477 15,987 13,779 24,109 29,766 17-
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Creditors: amounts falllng due wilhin one year 2024 2023 Accruals and deferred income 18,135 5,421 15 Retirement beneflt schemes 2024 2023 Deflngd conlributlon $cheme• Charge lo profil or105s in respect of defined ¢ontribution schemes 1.196 1,215 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme ere held separately from those of the charity in an independently adminislered fund. 18-
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 R•Alrlct•d lund The re$iilct8d lund ol lh• chorly c¢nw¥• Ihe unoxpBnd9d oldonalhJn$ h¢&1 on Injsl iubiv< 10 specTh cLindrf¥)n• by lonors is lo how Ih¢y fmy bo u8•d. At l Aprll 202? Ineomlnq r••ourGqs R•8OUfC•• •xp•nd•d Trn¥f•r• At J1 MarGh 2024 Children In NHd Relug•• 4ndAsylum Se•k?r& 91•¢1 Muskhns Oewekprnenl On• ¢ornmunKy Foundalknn Sli George Madin Thjst Yeaf of Muslc Musk and lIb•In9 8ran)lèy Tru51- MPU's Lm1 Spng Sl Muslcol Fr••dom$ Ywlh Ju¥lice- Secure Children's Homos Youlh Ju¥llGe. Sm&ll Youlh Jusllc• Pilots Youlh Ju$ii¢e- Vlblh•rby YOI S•fo spa Sludi 12.9891 111.0901 124.7741 6.588 23,468 14.224 10.600 5,99B 1,308 s,tr)o 3.408 12,eooi 11.7641 125.4971 19.6001 16001 40 11.220) 30,3 7,600 4,8C3 1.800 156 45.3Sg 144,0011 13.3811 14.2501 12,6781 1,358 4.119 2.250 9,IS4 6.5DO 11.730 48,529 127.633 1147.8741 2.802 31,090 19-
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 A•itrlct•a lunds IContlnudl Pr•¥lou• y•ar'. At l Aprll 2022 Incomlng r•$Dur¢•s Reiourcs •Mp•nd•d Tr•nsl•rn At 31 M•reh 2023 Arts councll. Cuttural Rocowry fund Tho Bromley Tiusl- M8U's Lhlle Song Stari Chlldren in Need Refugee andA$ylum S••k•r• Muslcal Fréodoms MuslG Wll 8elng Mu¥kian3 Dev•bpm¢Thl Onè Qommunlly Foundallon Sir Georg• m10 Tru41 Y•8T of M4ilc 22 7,620 7,112 1221 69 17.6891 2,970 10.501 87.345. 21.554 28,56B 27.483 13,8131 1100.0121 112.0421 32.078 1.094 591 10.6D61 23.46B 14.22 2.500 11,2201 113,2591 3.000 14.2201 47,924 15B,950 1148,)781 19,9681 48.530 Ad0rIplI0n of••¢h r•illldtyd lund15 5nelud8d kn wthlA Iht IrusM•i report, •xplAhknqth• th•19¢11¥11$ undorta•n dudng th• y•w.
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Unrestrlcted funds The unreslricled funds of the charity comprise the unexp8nded balances of donalions and granls which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside oul of unreslricted fund5 by the trustees for specific purposes. At 1 April 2023 Incomlng rèsources Resource8 oxpended Transfors At 31 March 2024 General funds Designatèd - Music and Wellbeing Desi9naled- Bur58ry 73,003 64.341 (69.027) (2,802) 65,515 10.606 3,205 10,608 6,562 30,3fj5 {27,0081 86,814 94.706 196,035) (2,802) 82,683 Prevlous yoar: At 1 Aprll 2022 Incomlng ResourGg$ resources expended Transfers At 31 March 2023 General Funds Designaled - Music and Well Being Designated- Bursary 72,346 13,596 (12,302) 1838) 73,002 10.606 10,606 3.205 13.625 (10,420) 72,346 27,221 (22.722) 9,968 86,813 18 Analysls of net assets between lunds Unrostricted fund$ 2024 Restrlctod fund3 2024 Total 2024 At 31 March 2024: Tangible assets Current assets 8,657 74.026 8,657 105.118 31.090 82,683 31,090 113,773 Unre$lriGted funds 2023 Restrlctsd funds 2023 Total 2023 At 31 March 2023: Tangible assets Current assets 2.467 84.346 2,467 132,876 48.530 86.813 48.530 135.343 21
YORKSHIRE YOUTH AND MUSIC LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Relaled party transactions Transactions with related parties During the year the charity entered into the following transactlons wilh related parties.. During the year, the charity has made payments of £1,350 to a Irustee for the provision of professional Se¢c@s, in relation to the delivery of teaching videos and music teaching. The payments were made in linè wilh the charity's conslilution. -22-
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