REGISTERED COMPANY NUMBER: 01689619 (England and Wales) REGISTERED CHARITY NUMBER: 514479 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 Au ust 2024 for THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Acom Limited b Guarantee an Heather Lea Business Services 49 Heather Lea Avenue Sheffield S17 3DL
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Contents of the Financial Statements for the Year Ended 31 Au Ust 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7-11 Annual Trustees, Report 12-14
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Re ort of the Trustees for the Year Ended 31 Au ust 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standa rd applicable in the U K and Republic of Ireland IFRS 1021 (effective I January 20191. OBJEcfivES AND AcfiviTIES Significant activities The principal activity of the company continues to be to work for the advancement of the education of the public in appreciation of the a rt and science of music by a iding a nd fostering the orchestral training of young musicians from within the City of Sheffield and surrounding areas. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, its memorandum and articles, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The Friends of the City of Sheff ield Youth Orchestra Limited is an incorporated body and was established on 31 December 1982. Its registered charity number is 514479 Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against f raud and error. We consider that the systems we have in place to m itigate such risks appear to be adequate in normal circu m5tances. REFERENCE AND ADMINISTRATIVE DAlLs Registered Company number 01689619 (England and Wales) Registered Charity number 514479 Registered office 49 Heather Lea Avenue Sheffield 517 3DL Trustees B J Hodgson J W M Hodgson M E Anderson J S Walmsley HTLyon H J McHugh T S Hetherington Company Secretary HTLyon Independent Examiner David Mangles FCA Heather Lea Business Services 49 Heather Lea Avenue Sheffield S17 3DL
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Re ort of the Trustees for the Year Ended 31 Au ust 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees Iwho are also the directors of THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each f inancial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and a pplication of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select su itable accou nting policies and then apply them consistently: observe the methods and principles in the Charity SORP- make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continLte in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasona ble steps for the prevention and detection of fraud and other irregularities. th Approved by order of the board of trustees on 15 December 2024 and signed on its behalf by: H T Lyon- Secretary
Inde endent Examiner's Re ort to the Trustees of THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Independent examiner's report to the trustees of THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED I'the Company'l I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024. Responsibilities and basis of report As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accou nts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of mv examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those record5; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the U K and Republic of Ireland IFRS 102}1. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Mangles FCA Heather Lea Business Services 49 Heather Lea Avenue Sheffield S17 3DL
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCH ESTRA LI MITED Statement of Financial Activities for the Year Ended 31 Au ust 2024 Note Unrestrlrted Funds Restricted Funds Total Total 2023 2024 INCOME FROM Grants and Donations 17,061 3,000 20,061 13,995 CHARITABLE ACTIVITIES Membership Courses Concerts 4,106 64,204 8,687 4,106 64,204 8,687 4,850 45,546 9,307 Other Income 856 856 305 Total Income 94,913 3,000 97,913 74,003 EXPENDITURE ON Raising Funds 4,455 4,455 5,331 CHARITABLE ACTIVITIES Direct Costs 126,162 3,000 129,162 78,760 Total Expenditure 130,617 3,000 133,617 84,091 NET INCOME/(EXPENDITURE) 135.7041 135,7041 110,0881 RECONCILIATION OF FUNDS Transfers between funds Funds brought forward 91,992 500 92.492 102,580 TOTAL FUNDS CARRIED FORWARD 56,288 500 56,788 92,492
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Balance Sheet At31Au Ust 2024 2024 2023 Note FIXED ASSETS Tangible Assets CURRENT ASSETS Debtors Cash at bank and in hand 7,367 54,672 62,039 9,454 91,548 ioi,ooi CREDITORS Amounts fallingdue within one year 15,252} 18,510) NET CURRENT ASSETS 56,787 92,491 TOTAL ASSETS LESS CURRENT LIABILITIES 56,787 92,491 NET ASSETS 56,787 92,491 FUNDS Unrestritted Restricted 56,288 500 91,992 500 TOTAL FUNDS 56,788 92,492 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting records that comply with Section5 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial yea r in accordance with the requirements of Section5 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applica ble to the charitable company. Ibl
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Balance Sheet - continued 31Au ust 2024 These financial statements have been prepared in accorda nce with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 15th December 2024 and were signed on its behalf by: M E Anderson - Trustee H T Lyon- Trustee
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Notes to the Financial Statements tor the Year Ended 31 Au ust 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statement5 of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Sta ndard applicable in the UK and Repu blic of I reland {FRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the fu nds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measu red reliably. Expenditure is accounted for on an accruals basis and has been classified u nder headings that aggregate all c05t related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Musical Instruments Office Equipment Music Stands Trailer Electrical Instruments 150A on cost 25'kn on cost 15% on cost 20% on cost 25% on cost Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting U nrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particu lar restricted purpose5 Wlthin the objects of the charity. Restrictions arise when specified by the donor or when fund5 are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Notes to the Financial Statements- continued for the Year Ended 31 Au ust 2024 2. INCOME Unrestricted Funds Restricted Funds Total 2024 Total 2023 Grants & Donations Patron Income GiftAid Andrew Lloyd Webber Foundation Sheff ield Grammar School Alumni Donations Big Give Campaign Other Donations 8,097 2,549 8,097 2,549 8,031 3.000 3,000 3,000 loo loo 4,607 1,709 4,607 1,709 2,964 17,061 3,000 20,061 13,995 Other Income Bank Interest 856 856 305
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Notes to the Financial Statements- continued for the Year Ended 31 Au ust 2024 3. EXPENDITURE Unrestricted Expenditure Restricted Expenditure Total 2024 Total 2023 RAISING FUNDS Honorarium 4,455 4,455 4,455 4,455 5,331 5.331 CHARITABLE AcfiviTIES Course Expenditure Conductor Tutors Soloists Additional players Pastoral Venue Hire Refreshment5 Music Hire PRS & Other Licence5 Instrument Hire & Repairs Accommodation Travel Recording production/streaming Other Project Expenditure Total Course Expenditure 11.310 18.727 877 465 4,059 5,999 491 2,053 272 262 66,716 2,456 227 477 114,391 298 497 23 12 107 158 11,608 19,224 900 477 4,166 6,157 491 2,107 279 269 68,467 2.520 227 490 117,381 9,164 14,561 1,380 1,432 3,507 3,259 185 1,885 268 1,370 24,964 5,743 170 743 68,629 54 1,751 65 13 2,990 Recruitment & Marketing Honorarium Insurance Accountancy Bank Charges Other Inon-projectl Expenditu re Depreciation 794 8,911 780 io 804 8,911 780 1,030 130 127 392 8,036 508 901 122 172 1,030 130 127 Total Charitable Activities 126,162 3,000 129.162 78.760 TOTAL DIRECT COSTS 130,617 3,000 133,617 84,091
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Notes to the Financial Statements - continued for the Year Ended 31 Au ust 2024 4. Tangible Fixed Assets Office Music Stands Equlpment Electrital Muslcal Instruments Instrurnents Traller Total Cost As at 31 August 2023 Disposals Additions As at 31 August 2024 6,789 1,500 846 17.763 1,400 28,298 6,789 1,500 846 17,763 1,400 28,298 De reciation As at 31 August 2023 On disposals Charge forthe year As at 31 August 2024 6,789 1,500 846 17,763 1,400 28,298 6,789 1,500 846 17,763 1,400 28,298 Net Book Value At 31 August 2024 At 31 August 2023 5. Debtors 2024 2023 Accounts Receivable Accrued Income Prepayments 4,344 3,023 3,154 6,300 7,367 9.454 6. Creditors- Amounts fallinE due within one year 2024 2023 Accounts Payable Accrua Is Deferred Income 1,403 849 1401 8,550 3,000 5,252 8,510 10
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Notes to the Financial Statements- continued for the Year Ended 31 Au ust 2024 7. Movement in Funds 31-Aug-23 Incoming Resources Outgoing Resources Transfers 31-Aug-24 Unrestricted Funds General Fund 91,992 94.913 130,617 56,288 Restricted Funds Staging Isiemans Vail Sheffield Grammar School s 51XJ 3,000 3,000 TOTAL FUNDS 92,492 97,913 133,617 56,788 Comparatives for Movement in Funds 31-Aug-22 Incoming Resources Outgoing Resources Transfers 31-Aug-23 Unrestricted Funds General Fund 102,080 71,(KJ3 81,091 91,992 Restricted Fund5 Staging Isiemansvail Andrew Uoyd Webber Foundation 5(KJ 500 TOTAL FUNDS 102,580 74,003 84,091 92,492 8. TAXATION The company is a registered charity and is therefore exempt from Corporation Tax. 9. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. 10. TRUSTEES, EXPENSES There were no trustees, expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2024.
The Friends of the City of Sheffield Youth Orchestra Annual Trustees Report 2023-24 CSYO Overview FCSYO exists to promote and support the City of Sheff ield Youth Orchestra. The City of Sheffield Youth Orchestra is one of the UK'S Leading independent youth orchestras. The orchestra offers a vibrant programme of music-making opportunities that facilitate young musicians to deveLop vital musical and life skills. It provides an inspiring and challenging musical environment, equipping young musicians with the skills to progress further in their musical study or career. For the last 44 years this unique youth orchestra has led the region, estabLishing a model for exceptional youth music making. CSYO broadens horizons, unlocks creativity and gives young people a voice. The CSYO yearly programme provides high level orchestrat and instrumental coaching from well-regarded professional musicians of national standing, a nurturing and confidence-building social environment, workshops in key aspects of musicality and personal well-being (such as ALexander Technique, improvisation, public speaking, Dalcrozel and unparaLleled musical experiences. There is no other organisation in existence in South Yorkshire that offers the kind of experience and training that we provide. Orchestral performance opportunities in Sheffield are pLentiful for beginner musicians, however are noticeabLy scarce for those at hi£her levels. CSYO helps to fill this gap in education by offering an advanced leveL of musical tuition for young people. CSYO develops vital skills such as communication, 12
criticaLthinking and self-confidence and has helped many members take a first step into a wide range of professions. CSYO is a unique youth orchestra, benefiting students up to the age of 21. We have around 75 members aged between 13 and 21 from diverse backgrounds throughout Sheffield and the surrounding areas. crry OF SHEFFIELD YOUTH ORCHESTRA CITY OF.S EFFIELD YOLJTH ORCHESTRA CITY OF SHEFFIELD UTH ORCHESTrA NTEMPORARY frécHOOL ronthJ¢iofchriStopor Gayfoid du¢lQ thit&tothwGayford Le4ttqr¥tT8&y[rQft Doreen Carwithen Bishop Rock Mahler Symphony No. 5 Russlan Easter Fe5tN Berlioz SymphonAe Nighi on a Bakl -. Strknnnsky The Firebitdsulte mEID¢4THErwi l¢aLiK41P4kny Salurth6th Ay120X7.3Op Performance and Achievements The City of Sheffield Youth Orchestra undertook 3 courses in 23-24. The winter course took place in Sheffield at Ecclesall Church Halls with a successful concert at ALI Saints Church, in which we welcomed alumni to re-join the orchestra in a performance of Berlioz's Symphonie Fantastique. The concert was followed by a fundraising event at the church halls. At the spring course CSYO enjoyed a collaboration with the London School of Contemporary Dance in a staged performance of Stravinsky's The Firebird. The orchestra spent 4 days resident at Pocklington School and the performance took place at The Octagon in Sheffield. In the summer the orchestra embarked on its biennial foreign tour, this time to Burgos in Spain. The 63 musicians in the orchestra performed 3 concerts featuring the cello concerto by Luis Serrano Alarcon and soloist Andrew Reynish alongside William Walton's 1st Symphony. The orchestra also weLcomed the return of conductor Timothy Reynish who conducted the ALarcon concerto. On their return home the orchestra performed their final concert at SheffieLd Cathedral to strong audience and rapturous applause. OveralL, the summer course was a great culmination of a fantastic year for the orchestra. The young players continue to enjoy some incredible orchestral experiences, with great repertoire, professional tutors, stunning soloists, appropriate concert venues and fun residentials. We had 75 players sign up as members during the year. 13
The Future The focus for the immediate future is to make the annual programme budget balance going forward beyond the next financial year. Up until this point we have benefitted from a siginificant gift which has allowed us to plug the annual deficit and avoid passing the fulL costs on to members, families. This gift has now been spent down and it has been agreed by trustees no to eat into our reserves any further. We have set ourselves a £75,000 fundraising target for the year and are taking under review the design of the annual programme to look at ways of reducing costs, without significantly impacting the educational offer. 14