REGISTERED COMPANY NUMBER: 01689619 (England and Wales) REGISTERED CHARITY NUM8ER: 514479 Re ort of the Trustees and Unaudited Financial Statem nts for the Year Ended 31 Au 2025 THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Acom an Limited b Guarante Heather Lea Business SeNices 49 Heather Lea Avenue Sheffield S17 3DL
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Contents of the Financlal Statements for the Year Ended 31 Au ust 2025 Page Report of the Trustees Independent Examinerfs 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 2025 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 2025. The trustees have adopted the provisions of AccoL*nting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20191. OBJECTIVES AND ACTIVITIES Significant activrties The principal artivity of the company continues to be to work for the advancement of the education of the public in appreciation of the art and science of music by aiding and fostering the orthestral 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 Sheffield Youth Orchestra Limited is an incorporated body and was established on 31 December 1982. Its registered charity number is 514479 Rlsk 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 fraud and error. We consider that the systems we have in place to mitigate such risks appear to be adequate in normal circumstances. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 01689619 IEngland and W31esl Registered Charity number 514479 Registered office 49 Heather Lea Aver¢ue Sheffield S173DL Trustees M E Anderson T S Hetherington BJ Hodgson J W M Hodgson HTLyon H J McHugh J S Walmsley Company Secretary HTLyon Independent Examiner David Mangles FCA Heather Lea Business Seryices 49 Heather Lea Avenue Sheffield S17 30L
TrIE FRIENDS OFTHE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Re ort of the Trustee5 for the Year Ended 31 Au ust 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the dirertor5 Of THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED for the purposes of cornpany lawl are respOnsbIe for preparing the Report of the Trustees and the financial statements in accordance with applic3ble law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give true and fair view of the state of affairs of the charitable company and of the incoming resources and application 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 suitable accounting policies and then apply them consistentlv,. 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 continue 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 a150 responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 14, December 2025 and signed on its behalf bv.. H T Lyon-secretary
Inde endent Examlner'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 UMITED 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 2025. Responsibilities and basi5 of report As the charity's trustees of the Company land also it5 directors for the purposes of company law) you are responsible for the preparation of the accounts 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 5 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 exarnination. I confrrm that no matters have come to my attention in connection with the examinatiofi 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 records; or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Art 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 chorities lapplicable to charities preparing their accounts in accordante with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matter5 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 Date..
The Friends of the city of Sheffleld Youth Orchestra Llmlted IA Company Limited by Guarantee) Statement of Financlal Artlvitl s for the Year Ended 31 Au ust 2025 Note Unrestrlcted Funds Restrlcted Funds Total 202S Total 2024 INCOME FROM Grants and Donations 16.LK18 6,000 22,8 20,061 CHARITABLE AcfiviTIES Membership Courses Concerts 3,439 43,194 8,276 3,439 43,194 8,276 4,106 64.204 8.687 Other Income 1,814 1,814 856 Total Incorne 72.731 6.000 78,731 97,913 EXPENDITURE ON Raising Funds 1.948 1,948 4,455 CHARITABLE AcfiviTIES Direct Costs 70,550 6,000 76,550 129,162 Total Expenditure 72,498 78,498 133,617 NET INCOMEI{EXPENDITURE) 234 234 135,7041 RECONCILIATION OF FUNDS Transfeis between fvnds Funds brought forward 56,287 56,787 92,492 TOTAL FUNDS CARRIED FORWARD 56,521 500 57.021 56,787
The Friends of the Clty of Sheffield Youth Orchestra Limited IA Company Limited by Guarantee) Balance Sheet as at 31 Au Ust 2025 2025 2024 Notes FIXEDASSETS Tangible Assets CURRENT ASSETS Debtors Cash at bank and in hand 7,062 55,544 62,606 7,367 54,672 62,039 CREDITORS Amounts falling due within one year 6 15,5861 15,2521 NET CURRENT ASSETS 57,021 56,787 TOTAL ASSETS LESS CURRENT LIABILITIES 57,021 56,787 NEf ASSETS 57,021 56,787 FUNDS Unrestricted Restricted 56,521 500 56,287 5CNJ TOTAL FUNDS 57,021 56,787 The charitable company is entitled to Èxemption from audit under Sertion 477 of the Companies Art 2006 for the year ended 31 August 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companie5 Act 2006. The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records that comply with Sections 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 financi31 year and of its surplus or deficit for each financial year in ccordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable tompanv. Ibl
THE FRIENDS OFTHE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Balance Sheet- continued 31Au ust 2025 These financial statement5 have been prepared in accordance with the provisions applicable to charitable companles subjett to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 14th Oecember 2025 and were SiEned on its behalf by: M E Anderson - Trustee Trustee
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED Notes to the Financial Statements for the Year Ended 31 Au ust 2025 ACCOUNTING POLICIES Basi5 of preparlng the flnanclal ststements The financial statements of the charitable companyi 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 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 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 funds. it is probable that the income will be received and the amount Can be measured reliably. Expenditure Liabilities are recognlsed as expendlture as soon as there is a legal or construrtive obligation committing the charity to that expenditure, it is probable that 3 transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is atcounted for on an accruals basis and has been classified under headings that aggregate all cost 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 annLtal rates in order to write off each asset over its estimated useful life. Musical Instruments Office Equipment Music Stands Trailer Electrical Instruments IS% or¢ Cost 25% on cost 15% on cost 20% on cost 25% on c05t Taxatlon The charity is exempt from corporation tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accord3nce with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arlse when specified by the donor or when funds 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 Flnancial Statements for the Year Endgd 31 Ausust 2025 2. INCOME Unrestricted Funds Restricted Funds Total 2025 Totsl 2024 Grants & Donations Patron Income Gift Aid Alumni Donation5 Big Give Campaign The Bliss Twst The Freshgate Foundation The Radcliffe Trust The Sarah Nutty Power of Music Fun Sheffield Grammar School Fundraising Income Other Donations 9,043 9,043 8,097 2,549 loo 4.607 250 2,000 250 2,CKJO 3,000 750 750 3,000 779 779 6,186 6,186 1,709 16,008 22,008 20,061 Otherlncome Bank Interest 1,814 1,814 856
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA UMITED Notes to the Financlal Statements forthe Year Ended 31 August 2015 3. EXPENDITURE Unrestrfrted Restrlcted Expendlture Expendlture Total 2025 Total 2024 RAISING FUNDS Honorarium 1,948 1,948 1,948 4,455 4,455 CHARITABLE ACTIVITIES Course Expenditure Conductor Tutors Soloists Additional players Pastoral Venue Hire Refreshments Music Hire PRS & Other Llcences Instrument Hire & Repairs Accommodation Travel Recording production/streamlng Other Project Expenditure Totsl Course Expenditure 8.628 12,460 854 1,233 9.482 13,692 11,608 19,224 900 477 4,166 6,IS7 491 2,107 279 269 68,467 2,520 227 490 117.381 1,805 3.283 4,Q65 208 1,442 179 325 402 1.983 3,608 4,467 208 1,585 143 69 23,S62 4,437 227 542 60,735 76 25,893 4,876 227 596 66.699 2,331 439 54 5.965 Recruitment & Marketing Honorarium Insurance Accountancy Bank Charges Other Inon-projectl Expenditure Depreciation 357 7,628 463 997 286 35 393 7,628 463 997 286 804 8,911 780 1,030 130 127 84 Total Charftabte Actfvlties 70,550 6,000 76,550 129.162 TOTAL DIRECT COSTS 72,498 78,498 133,617
THE FRIENDS OF THE CITY OF SHEFFIELD UTH TRA LIMITED Notes to the Flnanclal Ststements forthe Year Ended 31 August 2025 4. Tanglble Flxed Assets Offlce Equlpment MUSIC Elertrfcal Mus5cal Stands Instruments Instruments Traller Total As at 31 August 2024 Disposals Addstions As at 31 Au8U5t 2025 6.789 1.500 846 17.763 28.298 6.789 1,500 846 17.763 1,4LXJ 28.298 As at 31 August 2024 On disposals Charge for the year at 31 August 2025 6,789 1.500 846 17.763 28.298 6.789 1,500 846 17,763 1,4CQ 28.298 etB kv Iu At 31 Au8USt 2025 At 31 August 2024 5. Debtors 2025 2024 Accounts Receivable rued Income Prepayments 4,162 2,900 4,344 3,023 7.062 7,367 6. CredStors- Amounts falllng due wFthii 2025 2024 Accounts Payable Accruals Deferred Income 4,810 776 1,403 3,OOQ 5,252 5,586 10
THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITE Notesto the Flnancbal Statements forthe Year Ended 31 Au8USt 2025 7. Movement In Funds 31-Aug-24 Incoming Resour¢ès Outgolng Resources Transfers 31.Aug.25 Unrestrfcted Funds General Fund 56,287 72,731 72.498 56521 Restrlcted Funds Staging (Siemans Vail Charitable Trusts 500 500 TOTAL FUNDS 56,787 78.731 78,498 57,021 Comparatlves for Movement In Funds 31-Aug-23 Incomlng Resources Outgolng Re50Urtes Transfers 31-Aug-24 Unre5trictÈd Fund5 General Fund 91,992 94.913 130.617 56,287 Restrirted Funds Staging Isiemans Vail Sheffield Gyammar School 5C#) 5CKI 3,000 TOTAL FUNDS 92.492 97,913 133,617 $6,787 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 2025 nor for the year ended 31 August 2024. 10. TRUSTEES, EXPENSES There were no trustees, expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024. 11. RELATED PARTY DISCLOSURES There were no re5ated party transactions for the year ended 31 AuBUSt 2025. 11
The Friends of the City of Sheffield Youth Orchestra Annual Trustees Report 2024- 2025 u!Iw.u Overview The Friends of City of Sheffield Youth Orchestra IFCSYOI exists to promote and support the City of Sheff ield Youth Orchestra {CSYO). CSYO is one of the UK'S leading independent youth orchestras. A vibrant programme of music making opportunities facilitates the development of vital musical and life skills for the members. The musical environment is challenging, designed to inspire and equip young musicians with the skills to progress in their chosen study and career. For the past forty-five years, this unique youth orchestra has led in 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 orchestral and instrumental coaching from well-regarded professional musicians of national standing, a nurturing and confidence building social environment, workshops in the key aspects of musicality and personal well-being (such as Alexander Technique, improvisation. public speaking, Dalcroze) and unparalleled musical experiences. There is no other organisation in existence in South Yorkshire that offers the kind of experience and training provided by CSYO. Orchestral performance opportunities in Sheff ield are plentifulfor beginner musicians, however, are noticeably scarce for those at higher ability levels. CSYO helps to fill this gap in education by offering an advanced level of musical tuition for young people. CSYO develops skills that have helped members embarking on a wide range of professions. We have a membership of around sixty-five players aged between thirteen and Menty-one from a diverse range of backgrounds throughout Sheffield and the surrounding areas. 12
The Future The focus for the immediate future is to make the annual programme budget balance going forward into the next f inancial year. A signif icant financial gift had previously allowed us to plug the annual deficit and avoid passingthe full cost on to members, families. The gift has now been spent down, and the Trustees have agreed to not eat any further into our reserves. Faced with a backdrop of constantly rising costs, the Trustees have agreed a reduced budget for 2025-26 programme to ensure that the orchestra may continue to operate in a financiallyviable way. Autumn 2025 saw the inaugural CSYO alumni network event. The alumni network is hoped to bring financial support and further professional expertise to FCSYO. The Trustees are in the process of engaging with professional fundraisers, with an aim of returningto a larger budget programme for the 2026-27 season. 14