Charity Registration No. SC016016
Company Ragistration No. SC108350 (Scollandl
Edlnburgh Y?uth Orchestra
Dlrectors, Report and Unaudltod Accounts
For the Ygar Endod 30 SoPtemb8r 2025

EDINBURGH YOUTH ORCHESTRA
LEGAL AND ADMINISTRATIVE INFORMATION
Dlrgctor8
D8vid Elliott
Wendy Elliott lappointed 27 O¢tober 20251
Fiona Ouncanson
Catherine Frew
Malcolm Garden Iresigned 27 Odober 20251
May Halyburton
Finlay Hetheringlon
Rosemary Kenneally
Elisabelh Kerr
Nicholas Jones
Kathryn Jourdan Iresigned 18 February 20261
Fiona McLe8n
Kenneth Ta￿or
Katherine Whitlock (appointed 27 Odober 20251
Socretary
Nicholas Jones
Charlty number
SC016016
Company numbar
SC108350
Règistored Office
59 North Meggetland
Edinburgh
EH14 1XQ
Ind&pend￿t Examlner
McFadden Associates Limltod
19 Ruuand Square
Edinburgh
EH1 2BB

EDINBURGH YOUTH ORCHESTRA
CONTENTS
Pag?
Dlraclor8' report
>8
Independant examiner's report
Statement of financial activities
io
Balance sheet
Notes to the accounts
12-16

EDINBURGH YOUTH ORCHESTRA
DIRECTORS. REPORT
FOR THEYEAR ENDED 30 SEPTEMBER 2025
The directors present their report and accounts for the year ended 30 September 2025.
The accounts have been prepared in accordance with tho accountlng policies sel out in note 1 to the accounts and
comply with the charity's Articles of Association, the Companies Act 2006. the Charit￿$ Accounts (Scotlandl
Regulation5 2006 las amended). FRS 102'The Financial Reporting Standard applicable in the UK and Republic of
Ireland and Accounting and Reporting by Charrties.. Statement of Recomrll&nded Praclifje applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021.
stru¢tur•. gov•rnan¢• and managèment
Edinburgh Youth Orchestra was 8stablished by Memorandum and Articles of Association on 25th November 1987.
The charity is a private company limrted by guarantee and incorporated in Scotland with registration nurnber
SC108350. 11 has Its registerèd office al 59 North Meggètland, Edinburgh, EH14 1XQ.
The director5 who served during ihe year and up lo the approval d8te were=
David Elliott
Wendy Elliott lappolnted 27 October 20251
Fiona Duncanson
Catherin¢ Frew
Malcolm Garden (resigned 27 October 20251
May Halyburton
Finlay Hetherington
Rosemary Kenneally
Elisabelh Kerr
Nicholas Jones
Kathryn Jourdan Iresigned 18 February 2026}
Fiona McLean
Kenneth Taylor
Katherin9 Whitlock {appointed 27 October 20251
No director has any benefici81 Interest in the cornpany. All ol the directors are members of the company and
guaranlee lo Contribu￿ £1 in the event of a winding tjp.
Management of the company is delègated to a Board of directors who are 8ppoinle¢J in accordance with the
Memorandum and Articles of Association. Sub commlttees, reporting lo the Board, may be convened from lime to
time as appropriate. Dirèctors are provided wlth upd8ted Inforrnalion regarding new legislation in f>rder that they arts
aware ol their responsibilities.

EDINBURGH YOUTH ORCHESTRA
DIRECTORS, REPORT ICONTINUEDI
Dlr&¢tor8' r•8ponslbllltlos
Company law requires the directors to prepare financial statements for each financi81 year whlch gnie a true and
fair view of the sl819 ol tha company and of the surplus OT deficit of the eompmny for that period. In preparlng those
nanc*al stst&ments, the directors are requiied lo..
Select suitable accounting policies and apply thern consistently,.
Obserye the methods and principles of the Charitie5 SORP..
Make judgements and eslimales that are reasonable and pntdent..
St81e whether applicable accounting standards have been followed, subject lo any malerial
departure disclosed and explained in the financial slalemenl5-
Prepare the financial staiemenls on the going concern basis unless il is inappropri81e to presume
that the company will ¢on¢inue in business.
Tha directors are responsible for mainlainlrhg adaquate accounting records which dis¢losè, with reasonable
accur8ey al any Ilme. th& financial position of the company, and enable Ihgm to ènsure that the financial st8lemants
C4)mply with the Companies Act 2006. It is also their responsibility to safeguard the assets of the company and
hgn¢e Its take rgasonable steps lo prevent and d8lecl fraud and othèr irregularities.
The directors have considered the major risks to whlch the a¢tlvitiès and finances of the company arg exposed and
have taken the necessary steps lo managè and mitigate these. A continuous process of risk assessment lakes
place artsund all of lh8 company's activities, particularly a5 the diTO¢tors are mindful ol the fact that these involve
young people.
ObJ8ctlv•s and actlvltles
The obje¢tives of the Company are lo promote and encourage thè participalion in musical activities of young people
in Scotland, and in particular the interests of Edinburgh Youth Orchestra and any other groups eslablishe(S by th8
company from time to time.
Achievements and porfomiance: Edinburgh Youth Or¢ho$tra: 2025 Soason
Ea$tèr Ens•mblfrs Course
Delivered frorn 17-20 April 2025. EYO'S Easter Ensembles Course engaged nearly 100 young musicians aged 10-
16 from over 40 schools across Edinburgh, the Lolhians and wider Scotland. Open to players of Grade 3 standard
and above. th8 course provided many participants with their first experiencè of large-scale ensemble performance.
Across tour days of intensive rehearsal. partiGipants devek)ped core ensemble. listening and perfomance skills
within 8 SUPPOrtive and inclusive environment. The coursts wos led by Lawrence Gill and Claire Docherty, supported
by a team of nine profèssional lulors, ensuring high-quality musical guid8nce throughout.
A key aGhievem8nl of the course was the delivery of a collaborative Creative Cornposf(ion workshop, in which all
participan15 contributed to the creation and perfomiance of a new work. Thi5 initiative slrenglhened creativity,
confidence and teamwork. and provided a valuable introduction to composition and collgctivfr music-making.

EDINBURGH YOUTH ORCHESTRA
DIRECTORS, REPORT (CONllNUEOI
The course concluded with a well-atlended Sharing Concert, showcasing a varied and ambltious programm&
including Bizel'5 Les Toréadors from Cam?en, Khachaluri8n's Sabre Dance, and work5 by Bartok, Handel and
Dvopak. The premiere of the participants. own composition demonstrated both musical progrtrss and creative
engagem9nt. The final performance. featuring a lull orchestral rendition of Highland C8lhedr81 with guest bagpiper
Rory Forbes, provided a mernorable conclusion and highlighted the particlpants, collèctive achievement.
Participant and parent fgedback evidenced high levels of satisfaction, with particular emphasis on the inclusive
atmosphere, quality ol teaching, and the confidence gained through perfomiance. Many participants expressed
strong desire lo return, indicating 3ucces3ful engagement and retsntion.
Summer Symphony Orehestra
The Summer Symphony Orchestra ¢ourse, delivered from 2-9 Au9USt 2025, brought together ovèr go advanced
young musicians from across Scotland for an inlenswe week of orthestral training and perfomiance. Under the
direction of inlemation8lly renown￿ condudor Sian Edwards, and supported by an expert team ol tuloT5.
participants engaged with a demanding symphonic repertoire, demonslraling significant artistic and technical
progression.
The programrne induded Holsl's The Planets. Vaughan Williams. Fantasia on a Them8 by Thomas Tallis, and
Ticheli's Anggls in the Afrrhileclure, offering participants the opportunity to porform complex, large-sc8le works.
A notable innovation in 2025 was the introduction of 8 one4ay project, a rehearsal and perfomiance of 'Star Wars
Suite, led by Robert Baxter. This iniliallve required participants lo learn and perform a substantial work within a
ompres5ed limefrarng, fostering focus. adaptability and teamwork, while enhanryng engagement through well-
known ropertoir8.
The course culminated in ￿ sold-oul performances at Greyfriars Kirk as part of the Edinburgh Festival Fringe.
Audience ￿spOnse was highly positive, reflecting the quality of performance and the irTipact of the programme. A
stsndoul achievement was the collaboration with the National Youth Choir of Scotland Chamber Choir in the final
movement of The Planets. demonstrating successful partnership working and delivering a powerful artistic out¢ome.
Participants reported a slrong sense of community and highlighted the value of perfomiing high-calibre repertoire
alongside peers. The intensive ￿hearSal schedule support8d rapid music31 developmènt. with expert tuition
enabling participants to translate technical leaming into high-quality public performance.
The programme also contribuled to progression palhways, wth participants moving on to further study al leading
conservalo)ires. including the Royal Conservatoire of Scotland and the Royal Academy of Music.
Parent fèèdback demonstrated the wider impact of the programme, particulady in supporting 8spirations, building
Iranslerable life skills such as resilience and teamwork, and enabling access through financial assistance. The
availability of bursary support was critical in ensuring inclusivity and equal opportunity for participants from lower-
income backgrounds.

EDINBURGH YOUTH ORCHESTRA
DIRECTORS. REPORT ICONTINUEDI
Overall Impact
Across both progRmm8S, the Edinburgh Youth Orchestra in 2025 succ&ssfully.'
Engaged over 190 young musicians from across Scotland
Delivered high-quality musical training through PTof8ssional artistic leadership
Expanded creativg learning through composition and innovative project work
Achieved strong publlc engagement through well-attended performances
Strengthened progression pathways into further musical study and careers
Maintained a Clear commitment to accessibilty and inclusion through finanaal suppK•rt
These outcome5 demonslratg the organisalion's continued success in dellvering impactfvl, high-quality mu8i¢al
exp8riences and supportlng the next generation of young mu5iaans.
Flnanclal revlew
Th& overa11 expenditur8 on the company's activities was £76,77812024- £63.6421 and the total incomewas £83,806
12024 - £68.0721. resulting in a surplus of £7,02812024 - £4,430).
Prin
al fundin
sources
Considerable assistance in meeting the costs of the COUTSes was received from several Chariiable Trusts,
organlsations, and individuals by way of donation8 amounting to £38,700.
Edinburgh Youth Orchestra g18tefully acknowledges the generous support provided by..
Baillie Gifford
Foundation Scotland Cost of Living Award
Gaoff Ball
Pear Trea Fund for Muslc
Penponl Trust
Stevenston Chari18ble Trust
The Mary Janet King Foundation
The Radcliffe Trust
The Stsfford Tnjst
Tillyloss Trust
William Syson Foundation
The directors acknowledge the considerable supptsrt given by George Watson's College to the work of th
orchestra.
Oneryoff donations and society member individual donations tolalled £2,33012024- £6,233) for the year.

EDINBURGH YOUTH ORCHESTRA
DIRECTORS. REPORT ICONTINUEDI
R¢￿1veS pollcy
As a charity, the directOT5 have examined the company's requirements for reserves considering the main risks to
the organisation. Since the company has no staff, premlses. or othef fixed finan¢lal commilrnents, they believe that
setting a policy to maintain reseNes al a certain level is not strictly required.
However, the directors have estsblished a pollcy whereby Ihay aim lo mainlaln unreslricled funds not cornmilted to
being equivalent to the expected gap between the typical ￿SIS to run the annual courses and the amount expected
to be received from players, fees and donations, which amount to approximately £10,000- £15.000. These reseNes
would be needed to mogt the short-temi working capital requirements of the company. i.e. lo be able to run the
upcoming courses, and the directors are confident that al ihis level they would be able to conlinue the ctjrrent
advilies of the ¢omp8ny for at le8st one further year in the avent of a signllicanl drop in lundlng.
The level of unrestricted reserves available to the cornpany al the year end amounted lo £41,892.
Future Plans: Sèason 2026
Looking ahead lo 2026, EYO will build on the momentum of 2025 with expanded access and conlinued artlstic
ambibon across both ils Ensgmbles and Symphony Orchestra programrn8s.
Leader8hlp and Devèlopment
The appointment of a new general manager represents a significant slep forward for the organisation, strengthening
operational delivery, supporting strategic growth, and enabling EYO to deepen its partnerships and widen
participation. A key priority will be lo ensure an increaséd bursary progfamme so financial barriers are rèduced,
allowing more young people to benefit from EYO'S programmes.
Easter Ensemblès Course 2026
In 2026. EYO will expand its Easter Ensembles Course, increasing participanl numbers to mèet growing demand
while mainloining the highquality, Inclusive experience that defines the programme. Alongs5de this growth. EYO
will enhance its bursary provision to ensure that cost is not a barriar lo participation.
Partnership dgvelopmenl will be central to tho course's evolution. EYO will partnèr with Sistema S¢olland and will
slren9lhen coll8boralion with local Instrumentsl Music Services, deepening connedions with teachers across the
unty.
The course will also introduce new structured development opportunilios within ils teaching model. EYO wll expand
its ambassador role, enabling earty-career musicians. drawn from senior Symphony Orchestra members and recent
alumni, to work alongside professional tutors, g8inlng valuabl8 experience in music education and leadership.
In addition, a new mentor role will be inlroduc&d for S5 and S6 Symphony Orchestra members with an intertsst in
te8¢hing. These m¢ntOTS will support younger partlClP8nts during the course. dtrveloping ￿e1r skills in
communication, leadership and peer 18arning, while contributing to a supportive and aspirational leaming
environment.

EOINBURGH YOUTH ORCHESTRA
DIRECTORS, REPORT ICONTINUEDI
Summgr Symphony Orchestra 2026
EYO'S flagship Summer Symphony Orchestra will ￿turn in 2026 under the direction of Internalion8lly acclaimed
conductor Natali8 Lui5-Bass8, markin9 an exciting new chapter in the orchestra's artistic188dershlp as (( moves to
a model where the orchestra will work with different guest conductors each season.
Participants will rehearse a bold and ambitious programme designed to challen9e and inspire:
Marquez- Conga del Fuego Nuevo
Oetomo- Soar.. Concerto for Marimba and Stftngs- soloist Calum Huggan
Mahler- Symphony No. I
This repertoire will provide young musicjans wrth the opportunity to engage with a diverse ranye of musical styles,
from contemporary and Latin American influences lo the large-sc8le symphoniG tradition. As in previous years, the
course will combine intensive rehearsals with high-profile public performances, supporting partlClP8nls lo achiève
exceptional artistic outcomes.
The 2026 Symphony Orchestra will Continue to prsoriUso progression and professional dèvelopment, with
participants benefiting from expert tuition, immersive rthearsal experiences, and the opportunity to perform at
high level.
Looking Fo￿ard
Across both programmes, EYO'S plans for 2026 refiect a clear commitrnenl to growth, inclusion and excellence.
By expBnding access, slTènglhening partnerships and creating new pathways for leadership and progression. the
organi58tion wlll continue lo support young musicians from across Scotland at evgry stsge of their development.
Through these initiatives. EYO aims not only to deliver outstanding musical experiences, bul also to nurture the
next generation of perfomiers, educators and creatNe leaders.
On behalf ol the Board of Directors
Davld Elliott
Chairman of Board of Directors
Dated: 8 May 2026

EDINBURGH YOUTH ORCHESTRA
INDEPENDENT EXAMINER'S REPORT
TO THE DIRECTORS OF THE EDINBURGH YOUTH ORCHESTRA
I report on the 8ccounts ofthe charlty for the year ended 30 Septembèr 2025, which are set out on pages 10
to 16.
Rèspectlvo r•spon$lbllltl8s of Dlr8ctors and èxaminer
The ch8rrtls directors are responsible for the preparation of the accounts in accoTd8nce with the temis of the
Charrties and Director Investment (Scotlandl Act 2005 and the Chariligs Accounts Iscollandl Regulations
2006, and they consider that the audit requirement of Regulation 1011 Ila) to Icl of the Accounts Regulation5
does not apply. It is my ￿SponSIbl11ty to examine the a¢¢ounts as required under se¢tion 44{1 Ilcl ol the Act
and 10 State whether particular matters have come lo our attention.
Basi5 of Independent examinèrfs repgrt
My $xaminalion was carrigd out in accordance with the Stalernent of Standards for Reporting Accountants
and R8gulation 11 of the Charities Accounts IScoUand} Regulalons 2006. An examination includes a review
ol the accounting records kept by the chadly and a compari50n of the accounts pwsented with those records.
11 also includes consideration of any unusual items or disclosures in the accounts and soeks explanation5
from the directors con¢erning any such matters. The procedures undertaken do not provide all the evid8nce
ihal would be Tequired in an audit and consequently I do not express an audit opinion on the view given by
thè accounts.
Independgnt examin•rfs statement
In connection with my examination. no other matter except that referred to in the previous parograph has
me to my altenlion..
lal which gives me reasonable caus& lo believe that in any material ￿spect thg requirements..
lil to keep accounting recoids in accordance with section 4411 Ila) of the 2005 Act and Regulation
4 of the 2006 Accounts Regulations.. and
{iil lo prepare accounts which a¢cord with the accounting records and Comply with the accounting
requirgmenis ol Regulation 8 of the 2006 Ac¢ount5 Ragulalions and with the methods and
principles of the Stslèment of Recommendad Practice." Accounting and Reporting by Ch81ities.'
have not been met; or
Ibl lo which. in my opinion, attention should be drawn in order lo enable a proper understsnding of the
accounts to be reached.
David Stewart CA
Chortered A¢counlant IICASI
19 Rutland Square
Edinburgh
EH1 2BB
Oaled: 8 May 2026

EDINBURGH YOUTH ORCHESTRA
STATEMENT OF FINANCIAL ACTMTIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 SEPTEMBER 2025
2025
2024
Note
Income
Don8lions and legacies
Incoming resources from charltable aciivities
Bank interest
41,030
30.583
41,8BS
37.049
891
440
Totsl income
83.806
68,072
Ex
enditure
Charilablo activities
76,778
63,642
Total expènditure
76,778
63.642
Net income for the year I n81 movement In funds
7,028
4.430
Fund balances al 1 Octrjber 2024
34.864
30,434
Fund balan¢•s at 30 Soptember 2025
41,892
34,864
The ststèmenl of financial aclivilies also complies wilh the requirements fof an income and expenditure accotsnl
under the Companies Act 2006.
10

EDINBURGH YOUTH ORCHESTRA
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
2025
2024
Note
Curr•nt assets
Other debtors
440
Cash at bank and in hand
45.709
48,524
45,709
48.964
Credltors.. amounts falllng due
withln one year
Accruals and def&rred income
10
13,8171
(14,1001
Total assets 1055 ¢urrant liabilities
41,892
34.864
Incom• fund5
Unrestricted funds
41,892
34,864
The company is entil￿d to the exemption from the audit requi￿rnent contained in se¢lv)n 477 of the Companitss
Act 2006. for the year ended 30 Septèmber 2025. No member of the company has depositèd a notice, pursuant to
section 476. requiring an audit of these accounts.
The direotors acknowledge their responsibilitie5 lor ensuring that the company keeps accounting records which
omply with sedion 386 of the Companies Act 2006 and lor preparing accounts which give a true and fair view of
the st8tè ol affairs of the company as at the end of the fin3n¢ia1 year in accordance with the requirements of section
394 and 395 and which otherwise eomply with the requirements of the Companies Ad 2006 relating lo accounts.
so far as 1$ applicable to the company.
These accounts have been propared in accordance with the special provisions relating to small companies within
Part 15 of the Companies Act 2006.
The accounts were approved by the Board on 8 May 2026.
DBvid ElSiott
Chairman of Board of Dir8ctors
Company Registration no. SC108350

EDINBURGH YOUTH ORCHESTRA
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1 Accounting Pollcles
Charity infomiation
Ed5nburgh Youth Orchestra Is a private company limited by guarantee incorporated In Scotland. The registered
office is 59 North Meggedand. Edinburgh. EH14 IXQ.
1.1 Accountlng conventlon
The financi31 statements hav8 been prepared in accordance with the charity's Articles ol Association. the
Ch8rities and Dire¢lor Inveslmenl (Scotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 200618$
amended) and 'Accounting and Reporting by Charities-. Slalemgnt of Recommended Practice app5icable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021. las amended lor accounting periods commencing from 1 January 20191 I'the
SORP'I. The charity is a Public Benefit Entity as defined by FRS 102.
The charity has tsken advantage ol the provisions in the SORP for charhSes applying FRS 102 Update Bullets'n
1 not to prepare a Statement of Cash Flows.
The financi81 slalements are prepared in Sterling, whl¢h is the fundonal currency of the charity. Monetary
amounts in these financial stslements aro rounded lo the nearest £.
The financial statements have been prepared under the historic cost convèntion, modified to includè the
revaluation of freehold propertie8 and to includg investment properties and certain financial instruments at fair
value. Thè principal a¢¢ounting pollclès adopted are set out below.
1.2 Going ¢on¢ern
Al the time of approving the financial slalements, the direclors have 8 reasonable expectation that the Charity
has adequate rasources lo Continue in operational existence for the foreseeable lulure. Thus, the directors
continue to adopt the going con¢¢m basi5 of accounting in preparing the financial statement5.
1.3 Charltable fund$
Unrestricted funds are available for use al the dSscretion of the directois in furth8rance of their charitable
obje¢lives unless Ihe funds have been d8signaled for other purposes.
Restricted funds 8rè subject lo Specif￿ ¢onditions by donors as lo how Ih&y may be used. The purposes and
uses of the restricted funds are sel out in the notes to the financial statements.
Endowment funds are subject to speciflc conditions by donors that the capital musl be maintained by the charity.
1.4 Incomlng resources
Income is r&cogni5ed when the charity is legally entitled to il after any perfomiance con¢Jitions have been met,
the amounts can bè measured reliably, and it is probable that the income will be rgceived.
12

EDINBURGH YOUTH ORCHESTRA
NOTES TO THE ACCOUNTS (COMTINUED)
Cash donations a￿ recognised on receipt. Other donations are recognised once the charity has b88n nolifigd
of the donation unless performance conditions require deferral of the arnovnt. Income tax recoverable in relation
to donations received under Gift Aid or deads of cov8nanl is recognised al the time ol the donation.
Legacies are recognised on recelpt or othgmse sf the charfty ha5 been notified of an impending distribution. the
amount is known. and receipt Is expected. If the amount is not known, the lègacy is treated as a contingent
asset.
Turnover is measured at the fair value of the coNsideration received or receivable and represents amounts
receivable for goods and seTvi¢es provided in the normal course of business. net of discounts, VAT and other
sales-r818ted taxes.
l.S R8sourc•$ •xpended
Expenditure is recognised when a liability is incvrred.
Charltable 8Ctivitie5 indude expenditure associated with the s189ing of productions and include both direct and
support costs re1811n9 to these activities.
Govemance costs include th08tr incurred in the governance of the charity and Its assets and are primarily
associated with constitutional and ststulory requiraments.
Support costs include central functions and havo been allocaleLI to the charitable activity on a basis consislenl
with their Use.
1.6 Cash and cash ¥quivalents
Cash and cash equivalents include cash in hand. doposi15 held at call wlth banks. othgr short-term liquid
investments with original m8turitie5 of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.7 Flnan¢lal Instruments
The charity has el8ct6d lo apply the provisions of Section 11, 'Basic Financial Instruments, and Section 12.
'Other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial Instruments are recognised in the charity's balance sheet ￿en the charity becomes party to the
contractual provisions of the Instrument.
Finan¢io1 a55ets and liabilities are offset, with the nel amounts presented in the financia1 instrurnents, when there
is a legally enforceable right lo set off the recognised amounts and there is an inteniion to setue on a net basis
or lo ièalise the asset and settle thg liability simultaneously.
13

EDINBURGH YOUTH ORCHESTRA
MOTES TO THE ACCOUNTS (CONTINUED}
Baslc financlal assets
Ba&c financial assets, which include debtors and cash and bank b8lance5, are initially meaSu￿d at transaction
price including transadion costs and are subsequently cafried at 8mortised cost using the effective interest
rnethod unless trè arrangement constitutes a financing transaction, where the transaction is measured al the
present v8lue of the future receip15 dlscounted at a market rate of interest. Financial assets classified as
receivable within one year are not amortised.
Baslc flnancial liabllitles
Basic financial liabilitiès, including creditors and bank loans. are initially re¢ognised at transaction price unle5S
the arrangement constilules a financing transaction, where the debt instrument is measured at the present value
of the futurè payments discounted al a market rale of interèst. Financial liabilities classified as payable within
one year are not amrtised.
Debt instruments are subsequently carried at 8morti5ed cost, using the effectSve inler8sl rale melhod.
Trade creditors are obligations lo pay lor goods ￿ services that have been aGquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year
or less. Otherwise. they are presented as non-current liabilities. Trade creditors are ￿￿gnised initially al
tr8nsaction price and subsequently measured 81 amortised cost usln9 the trffeclive inleresl method.
Derncognition ol linanclal liabllltles
Financial Ilabilities are derecognised when the charity's contractual obligations Èxpire or are discharggd or
cancdled.
2 Donations and 1ogacie5
2025
2024
Donations and glfts
41.030
30,583
3 Incoming resources from charitabl• activitios
2025
2024
Player fees
Concert- lickats. Pfogrammes ond adverts
35.114
29,470
6,771
7,579
41,885
37,049
14

EDINBURGH YOUTH ORCHESTRA
NOTES TO THE ACCOUNTS ICONTINUED}
4 Charltablé activltles
2025
2024
Concert production and performance..
Activities undertaken d1￿CtlY
SLtpport costs
56.894
47,986
17.105
14.858
73,999
62,844
Independent examination lee
Other governance costs
Logal fees
440
400
398
269
2,070
63,642
Total
76.778
S Actlyltles undgrtakgn dirgetly
2025
2024
Costs relating lo conc8rt production and
performance comprise..
Professional lees
28,249
33,581
Rehearsal and concert costs
Travel, accommodation and subsistence
Printing and promotion
14,893
8,514
6,202
9,039
2.218
2,184
56.894
47,986
6 Support costs
2025
2024
Administration costs
17,105
14,856
15

EDINBURGH YOUTH ORCHESTRA
NOTES TO THE ACCOUNTS (CONTINUED)
7 Dlrectar R•mun8ratlon
One dlrgclor, May Halyburton. receiv9d fees lor instrumental tuition tolalling £1.54012024 - £8001. These payments
were not related lo the duties ol a director and are permitted by the Memorandum of A55ociallon.
Expenses tolalling £107 12024 £1.7071 were reimbursed to Iwo directors during the year, wholty in respect of
expenditure incurred for the purposes of Edinburgh Youth Or¢heslTa activities. The58 were related to filing
requirements for Companies House and sundry expenses.
8 Employ••s
Thero were no employees durfng the year.
9 Rolatod Partle$
A close famlly mernber of a director, Wendy Elliott. was paid a lee of £7,000 12024 £7,0001 for general
management.
10 Crnditor$: amounts falllng due wlthln one year
2025
2024
Accrua13 and deferred Income
3,817
14,100
16