Registered number.. 5576907 Charlty numbers= 1112032 & SC051568 SAMLING INSTITUTE FOR YOUNG ARTISTS IA charitable company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Armstrongwatson. Accountants, Business & Financial Advisers
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel CONTENTS Page Rafgronca and administrative details of tho charity, its Tnmtsas and advisars Trusts¢$' roport Indopondant 8xamin8r's rnport Statsment of financial activities 2-13 14 Balanc• sh¢•t 16-17 Notes to the financial statements 18-30
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel REFERENCE AND ADMINISTRATIVE DETAJLS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2026 Tw$tg9$ Sir D R Bell. Chaimian A D Trapp MBE I$ned 23 March 20261 J A Pennie A Macnaughlon, Treasurer RDTOer G A Evans-Thoma$ H L Andrews lapw)inled 8 September 20251 Company rggl$tsr•d number 5576907 Charity registored numbers 1112032 an¢J SC051568 Rog1$tsr offlc• Communty Centre Gilesgate Hexham Northumberland NE46 3NP Patrons Sir Thomas Alen CBE Louise Alder MBE James Baillieu Artl8tlc and Ex•cudvo Dlrector Karon Wnght MBE Independent examlngr Armstrong Watson LLP Chartered Accountants One Slravknerry Lane Newcastle upon Tyne NE1 4BX Bankgrs National Westminster Bank F4¢ Newcasue Cty 8ranch 16 Northumberland Street Newcasde upon Tyne NE1 7EL Wobslts vh.samllng.0rg.Uk Page 1
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2026 The trustees preseni Iheir repon ioge(her wih the financial statements of (he charity for ihe l April 2025 to 31 March 2026. The report 5erve5 the purpose5 of both a tru5Qes' report and a direttor5' report under company law. The trustee5 confirm that the report and financial Statements of the charitable company comply wth the current statutory requirements, the requirement5 of the charitable compan15 governing document and the provisions of the Statement of Recommended Prartice ISORPI applicable io charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffe(fwe 1 january 20191. Obje¢¥•$ and actlvltl•s a. Pollcley and obj•ctive8 The aims of Samling Institute for Young Art15ts are- al To educate, develop. improve. encourage and promoie generalty the appreciaiion of the art and science of music Iboth vocal and instrumentali. Ihe spoken and wrirren word and the wsual arts in all their aspects, by the presentation of public concerts, masierclasses, recitals. exhibitions and by such other ways as the charity by its trustees shall determine from time to ume.. bl To provlde coachlng and general financial assistance for tslented young individuals selected by the trustees to further thelr knOedge. skills and expertise in all marters connected wth music Iboth vocal and Instrumental), the spoken and written word and the wsual arts in all their aspeas cl To provide lor and asslsi Sn ihe prowsion of exhibitions. leaures. classes and demonstrations for member5 of the general public to further and increase their knowledge. understsnding and appreciatlon ol all matters connected wlth muslc (both vocal and instrumentali, the spoken and written word and the wsual arts In all their aspects. In setting the objectives for ihe year and planning the (haritys activities, the trustees have considered the Charity Commission's guidan<e on public benefiL. The charity relies largely on grants and donations, but also pardy on income from ticket sales and its own fundraising4clivilies to cover its operatingcosts. In seitin8 the level of ticket prices, Ihe Irustees give careful consideration to the accessibility of the event5 to those on low income5 and in difficult financial times. It should also be noied that the charity 15 workin8 to address lack of opportunity for young people growing up in rhe Nonh East of England. In establishing a centre of excellence through Samling Acadeffly it 15 targetin& in particular, stale scho(As acr055 the region. It 15 identifying pupils with the taleni and poiential to 51udy music and perhap5 go on io become professional musicians and who might otherwise noi be given the opportunity. The main areas of activity during Ihe year include(I Samling Insiitut¥s two core activities.. Samling Art15t Programme for early career classical singers and pianists and Samling Academy for singers aged 14-21 who are eiiher growing up in the North East or who have chosen to come 10 siu(ty ai one rhe region's universiiie% alongside our work in stale Schools in partiiular through our Sarnling Fulures and Singing S(h¢)ols iniiiaiives. These activities are described more fvlly in the'Achievements and performance, section below. Page 2
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 A¢hlovom•nts and pgrfornian¢ a. Main achievements of the charity L-R.. Sam/insAiJdemy Opera Dido andAeneas' l AcrorAdrian Lesterleading the SamlingAriistProgramme / Samling Artisrmiranda Wright with studentsat Queen Elizabeth High Schod He*ha Phoro&'Mark Pinder This year, Samling Institute celebrates lis 30th anniversary. That we have achieved (his milestone and are able to continue making plans to transform the lives of young people has been made possible by the trusts and foundations and individuals who understand our aims and fund our work so generously. For this we are immensely grateful and are pleased to report on the work that has been supported. The undoubted highlight of this year was the return of Samling Academy Opera, for the first time slnce the pandemic, with a successful productlon of Henry Purceifs Dido andAeneaswiih John Burt and Dunedln Consort, Thls productlon brought live opera io The Fire Siation in Sunderland for Ihe firsi time and we hope ir mark5 the beginning of an exclting new partnership. The Samling Artlst Programme continues io be enriched by (he Ideas and inspiration of new leaders, some of whom we have been pursuing for several years before busy schedules aligned. including the renowned French soprano Véronique Gens and actor Adrian Lesier CBE. These new voices have been supported by plllars of the programme, Includlng pianist Malcolm Martlneau OBE. who was one of the leadery on the very first Samllng Artlsr Programme. Our Samling Artlsts themsdves remaSn at the core of our work. leadlng our programmes in state secondary schools, our Academy Programme and. Sncreasingly. the programme thar they themselves once benefitted from - as seen In March this year when mezzollsoprano Anna Stéphany led the Samling Artist Programme. We are also delighted that vo Samling Artists who are enjoying stellar careers- soprano Louise Alder and pianlstlames 8aillleu- have agreed to become Patrons of Samlsng Institute. joiningsir Thomas Allen in chaMonIg our work to a wider audience. This year, we have also been delighted to see some of the long.term effects of our work. as seeds that were sown many years ago have come to fruition. Bass•baritone Michael Ronan from Hexham. where we are based. who became a Samllng Artist in AugusL told us that his inspiration to become an opera singer came from the Sarnling Opera production of L)on Giovanni in 2W5 vthen his school was one of those inted io see the performance and take part In our associated education projett. Two of our Academy Singers who Joined rhe programme because we visited thelr schools with Samllng Futures have just raken up scholarship places at Royal College of Music and former Academy Singer Philippe Durrant returned to us as a Samllng Artlst. Page 3
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 A¢hlovom•nts and pgrfornian¢o l¢ontinu8d) SAMLING ARnsT PROGRAMME 27JULY-3AUGUST2025 SurrDundedbyc8lm andfocus bwth nothingropullmeaway, Iwès finaltyable ro rerurn ro thejoyofmèkingmusirfor ils own sèke. Th3t d&ep immersion felrlikesuch J raregift. Honesuy. irmJde myheJrtrJce- like rememberinga first love(onlywirh more arias andless dramaslA' Samling Artist Sarah Chae Soiiiliiig Artist Progrdmnie MasieicldS5.' L-R Verornque Gens Jndsolia Kirwai?-6aez / Susaii Mdiiulf dKidS&idl) L"h&e I James Garnon andPatrick Dow. Led by soprano Véronlque Gens pianisi Susan Manoff an¢J actorjames Garnon, with staff pianist Samllng Art15t lan Tlndale. Samllng Artists.. sopran05 Sarah Chae. Solla Klnvanv8aez and Georgle Malcolm, mezztrsoprano Claudla Rlbas, baritone Patrlck Dow, bass-baritone Mlchael Ronan and pianists Allred Fardell and Danlel Sllcock. French soprano Véronlque Gens and pianlst &Jsan Manoff joined rhe Samling Artisi Programrne for the first time, leading a residential masterda55 week alongside attorlames Garnon. The artists who took part are all at rhe beFJ"nning of busy and unpredictable freelance career5. handling short-term contracts, rhe pressures of auditions and frequenr travel across Europe. They told us in thelr feedback how valuable the week was as a chance to take (ime away from these challenges. ro refresh. take stock and remember why they are It felrlike a precious space where noone seen7edto have an agenda otlwrhan musK6landartisricgr04tyrh, which Is likegolddusr whenyoubeginyotsrfreelancingcareerandevery¢hinghashighandscarystakex" Samllng Artlst Sofla KlrwaTrBaez Page 4
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 Achlov•m•nts and pgrfornian¢o l¢ontinu8d) 1-8 MARCH 2026 Th8 opportunityto explorerepertoire in such depth, roreceivesuch thoughrfulguidènre, andto share the experience with such wonderful rolle8gues cre3r8dan armosphere thar w3s both deeptysupporriwe ènd rr$ativ8ly en8rgising. It has been a rruly unforgeltèble journey. Bnd what i e%perienced8tS3mling lIStaY kwrh me for the rest of myartisric Samling Artist ZhengJian8 mlAng Arrisr Progi£7mme' L-R Adrian Lesier with Eyro fvorman l AnnJ StephJny wirh Zheng Ji3ng / Mblcolm Martineau SonnyFielding Led by Samling Artist mezzo-soprano Anna Stéphany. pianist Malcolm Martlneau OBE ancl actor Adrlan Lester CBE, with staff pianist Samllng Artlst Ella O'Nelll. Samling Artisrs.. soprano eyra Norman mezzo-sopranos Caltlln Mackenzle and Loulsa Stuart-smlth, countertenor Zhen8Jlan8. tenor Phlllppe DurranL baritone Sonny Fleldlng and pianisrs Alfred Fardell and George Herbert. Every Samling Artist Programme is unique. This comes from ihe safe space thar the programme creates, and whlch gives leaders and arrists the freeclom to be comple¢ety relaxed and honesr with each other,. no-one has anything to prove,. there is no competition. just opeTrhearied artistic collaboration. Durlng both residencie5 we held a concert part-way ihrovgh the week to which we Inred students from local hlgh schools. guests and the resideni visual artis¢s from the estate at Marchmont House where the weeks are held. The public masterclasses at the end of rhe week were very well attended and in Marih. in particular. attracted an exceptionally large audience. This was welcome because we have been working hard to build audiences for classlcal muslc In the kottish Borders. SAMLINfj AND SONG mling and Song provides residencies. mentoring and suppor(10 Samling Anisi singer and pianist duos io develop innov3(Ive arr-song pro1lS an area where ihere are few developmeni oppor(uni(ies for emerging artists. Two projects are chosen each year by a panel of experts and aprjicants are asked ro present programmes thai lake 3rt- song inio the 21 si century. for example by presenting it in ways thai will reach new audiences or performing new repertoire. Page S
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 A¢hlovom•nts and pgrfornian¢o l¢ontinu8d) Baritone Neil Balfour and pianist Sid Ramchander used Iheir residency hosced by the Hugo Burge Foundation at Marchmont Estaie in September (o work on a programme thai draws on iheir Indian heritage. This included 'Uniold Lives, a brand-new song cycle by CherO Frances Hoad using texts (aken from letters written by Indian soldiers during World War One and assembled into a libreno by Neil. Followng their residency, they received mentoring from soprano loan Rodgers CBE and actor James Garnon. 'Untold Live5, received its premiere at the Oxford Song Fesrival on I S Oaober and was described by The Times as 'poignant and fascinating... top marks for boldness and originality. Composer che France5 Hoad Ipic(ured above wirh Neil and Sidl attended rhe premiere and gave a pre-concerr talk wth author Kate Kennedy. The duo plan further performances ar Asian community cenrres and mosqve5 in Leed5 and Manchester and a performance at the Melrose Festival in September in Scorland. The other duo to receive an award rhis year, mezzTrsoprano Ellen Pearson and pianist Francesca Lauri took up their residency in May this year and received mentoring from cabaret specialisi Paulus Martin. SAMLING ARnST SHOWCAse:'8eTweEN HEAVEN AND EARTH, Tuesday 4 November 2025. Wigmore Hall With Samling Arii515 50prano Sarah Gllford, mezz$0Praftts Ellen Pe•rson, tenor Hu80 Brady, baritone Sam Hlrd and pianists Jonathan Ware and Franctsta Laurl. Our annual Wigmore Hall showcase celebrates the achievements of our Samllng Artists and offers us a slgnlficant opportunity to bring our work to a London audience. It also brings together artists from across our Samling family with Samling Artists, leaders and Samling Academy Singers 311 attending and meeting each other. Samlln8 Academy SAMLING ACADEMY OPERA'DIDO AND AENEAS. Rehearsals March-luly 2025 Performances at The Fire Station, Sunderland, 17 and 19luty With Dunedin Consort, directed by John Butt I was genuine bowled over by the quality of the Samlingprodu(tion of 00 & Aenèas at rhe Fits Station . every element. Havingbeen involvedin the runningofGtyndebourne fornÉ)arly30ye3rs, lreallydo aPp1te the work3nd commitrTTentrequired to 5uppoffyoungpeople in6ttainingthatlevelofperfomiance. the nurturingèreverylewel the direction, the d15cii?line and care and [[131/y. Ipowlonsth05e ski115 rèke to in5til6nd develop. Itis rare to 5eeyoung people performing at thi5 level wifh such Skill musical integnty and confideKFce. This compounded with the hig production value5 3ndthe5UPPOrtolJohn Buttandrhe Dunedin CoKF50rrrealtywa5a treat. SJmlinglrp5titute de5erve5 togo from5trensth t05tren8fft, andl l/beoI10W1nS Mihgrearinrere5t.' Sarah Hopwood. Forrner Manawng Dirertor and present trustee of Glyndebourne Festlval Page 6
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 A¢hlovom•nts and pgrfornian¢o l¢ontinu8d) A casi of 18 curreni ancl recent Samling Academy Singers presenied a fully staged and costumed produciion of Henry Purcell's opera DidoandAeneas, wilh performances ai The Fire Siauon in 5underfand. They were accompanied by one of Europe's leading period insrrumen( ensemNes. Dunedin Consort, with their director john Butt and the production was directed by Samling Artist Miranda Wrigh(. The programme opened with aaudio Monteverdi'5 De la b&llezzè le dovute lodi, setting (he scene and giving the (ast the opponunity to work iTrdepth on a piece in Italian. Following initial music calls to help ihe younger cast members (o prepare. full rehearsals began in mid-may. Choreographer Mandy Demetriou worked wilh the cast from the beginnin&. as well as devising the formal dances and teaching them to the CaSL she worked with them to incorporate baroque geswre inw every movement. Eleven of the cast came to Samling Academy from state schods in Nonh East England, and six of them are Still at School, in years 11 and 12. For the majority, Ihis was rheir firsl experience of performing opera, and although some cast members had watched opera performances, for six of them, rhis was their first exposure io the art form. It was also the first live opera to be performeil at The Fire Sration. Three of the cast were former Academy Singers who returned from undergraduate and postgraduate studies at Royal College of Music and Guildhall S(hool of Music and Drama io take part in Ihis projeci. The younger singers learnt from their exarnples of professionalism and they in turn prowde guidance and support and shared (heir experiences of life at music college. By taklng part In this projea, Ihe cast developed their performance and stage skills and received additional vocal coaching from Miranda Wrighi. By working wrh John Bull and Dunedin Consort they learnt how to perform with an orchestra and conductor Instead of a pianist and about the sist11 requirements of baroque opera. The project iniroduced them to the requirements of a professional produaion and to all the elements that go into putting an opera together. from the first rea¢Sthrough of ihe music to the final pr0dl10n, Induding the iechnicalltles of worklng with stagin& costumes and lighting. The cast commented in their feedback (hat this experience had enhanced their appreciation and understanding of how opera works and saSd rhai it had either inspired them to explore opera fvrther or had cemented exlstlng ambltlons to slng professlonally. SAMLING ACADEMY I(12 OCTOBER AND 2ts26 OCTOBER 202S 'Ilove rhe safe andsuppotTlve space. Ifeelso supportedandable to experimentandfeel vulnerable. I love tharwe èll, participants andstaff lift each other up andpush each other to be the best we can. Ihe people andatmosphere are unmatched., Samllng Academy Slnger Arlelle Loewlnger L-R.. Caroline Domdle with Academy Singerjoe Wilson / Nick Prifchard and ensemble the fjinal concert l Academy SingerSamue/Dawe andjoan Rodge Page 7
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 A¢hlovom•nts and pgrfornian¢o l¢ontinu8d) This yearfs cohort of 30 young singers were selecred by auditions in March. held in Gaieshead, Durham and Newcastle. They began their year with six days of coaching and workshops, hosted by Durham University and The Glasshouse International Centre for Music. Each singer received solo coaching sessions in small group masterclasses across the weekends during which they worked on their own choice of song and opera repertoire in Enyi5h. French, German and Italian. They also prepared ensemble pieces and took part in workshops led by Shakespearean aaor james Garnon and movement 5ession5 Wlth choreographer Desireé l(onger0d. The Academy was directed by Caroline Dowdle of the Royol Opera House with leaders loan Rodgers and Samling Artists vocal teachers Miranda Wright and Karherine [ken and pianisis jonathan Ware and lo Ramadan, Samling Artisr Nick Pritchard joined the group for ihe second weekend leading da55es and sharing his experiences of life as busy professional singer. He a150 delighred rhe singers wih a cameo appearance as Nicel*Nicely lohn50n in the concert finale'sit down, you're rockin, the boay from GU0ndD01Is Five Samling Artist pianists completed the team, accompanying dasses and ensembles. The pianists benefit from paid employment and from the professional developmeni that comes from working with wodd-class singers and renowned vocal coache5. They also tell us that in whai can be quire a lonely profession, they relished the opportunity to spend time with other pianisrs. The Academy Singers benefit from working wrh experienced song pianists whose support and sensitivity lift their own performances to new levels. They also told us in feedback Ihat working with the Samling Artist pianists has led them to a greater appreciation and undersianding of the role of the piano in song. This yearfs cohort was splii rough equally between university undergraduates and school students from the North East and we teach ihem in groups of mixed ages and abilities. Singers from across the age-range told us how much they appreciated the diversity of ages. abilities and backgrounds in the masrerdasses and it wa5 dear that they had all learnt from each other and been inspire¢J by the others. The slx days ended wlth a well-attended concen of solos duets and ensembles In The Glasshouse. accompanled by the Samling Artist pianisrs, giving Ihe Academy Singers Ihe opponunity to try oui their skills in a profe55ional seiiing. IL mlingSingingSchoo15E5510n5ar Queen Elizabeth High Schtpol. Hexham 3ndPoKTtel3ndHigh School Page 8
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 Achl8v•m•nts and pgrfomian¢o l¢ontinu8d) SAMLING SINGING SCHOOLS Queen Elizabeth High School. Hexham. Ortober 2025-January 2026 Ponteland High khool. January- May 2026 Queen Elizabeth High School joined the Singing Schools programme in Oc(ober as par( of a school-wide effort to revitalise their music offering following a change of Staff. They formed a new choir for (he project and three 5010 singers and one staff member received indiwdual coaching from Miranda Wrighi, who led the sessions. Ponteland High School joined the programme In January and we held six se55ions there. working with Six soloist5, four staff members and a large choir. The school was fully engaged with the projea. with excellent support from the senior leadership. This phase of work in borh xhools ended wth an open workshop. in which parents, friends and the School's Senior leadership team were able ro watch ihe work in proce55. It was an incredible experience for everyone invofved. Seeing the groth in confidence from our soloisrs and rhe unifiedsoundof rhe choir trutymobyng. The enerthe &n&ng5chools team broughrhas sparked& realpJssion for vocalperformance tharwehaventseen before. It wasnt just the students who found the sesNons beneficial. Staff members remarked on the professional development aspects of the program, noting how the innovarwe rechniques demonsrrared 1/ be inregrJred into future lessons. The sharedjoy ofsinginghas fosteredJsrrongersense ofcommunity, pmwngrhatmusic Is apowerful toolforconnectionandhtllbeing. Sy providing professional-grade coaching and fosrering an incluswe environmen¢ rhis initiative is set to transform singing across the entire school. Wherher ifs in assembty. during extracurricutsr clubs or in our upcoming seasonal concerts, rhe %ingingSchools~effect wllbeheardloudandclear., Phll Rosler, Ponteland Hl8h School SAMLING FUTURES Tuesday 20 January- Frlday 23 January Sdmling Futures arstAnihooJ'5 school 5tsn(lerldnd with Acddgmy Sinser5 &ndl¥dby5&rTrlinsiAr11515 Jgs5"Iid Cdlg. Nick PritchardandAlfredFardell 'Whatan inspiringmoming we bad"rhYou- thankyouso much again forreaching out ro us andfo the team for rhe fantastic showcases and masterclasses. Our sftoents were realfy wowed by each perfom?ance. and Lily and sara cerrainlyfeltthesession was realty valuable. Thankyou.f Lauren Saul. Head of Music. Bede Academy. Btyth We worked wth seven slate secondary schools in Dutham. Newcasde. Tynemouth. Sundedand. Ponreland and Blyth. reaching 600 students and their (eachers. Samling Futures gives students an introduction to solo classical singing and the skills and techniques that it requires and highlights the opportunities that are available ro them through Samling Academy. Page 9
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 A¢hlovom•nts and pgrfomian¢o l¢ontinu8d) The workshops were led by Samling Artisrs soprano jessica Cale, cenor Nick Priichard and pianisi fred Fardell and a team of eight Academy Singers I0 per school) also look part. The Samling Ar(ists led masterclasses with our Academy Singers and wilh soloisrs from each school. They also led full group sessions, using warm-up exercises to introduce basic conceprs of dassical technique in a pracucal way. They answered questions from the audience about their singingjourneys and (he Samling Artists gave a shory performance of song and opera. This project is unique in that it has benefits across all s(rands of our work. Sfate secondary school students receive a high-quality classical music workshop, at no charge w the school. The Academy Singers who take part receive additional coaching and the opportunity to tslk io the Samling Arus(s about life at conservatoire and a5 a professional singer. They also learn how ro be ambassadors for dassical music and grow in confidence by speaking and performing in front of a large audience of their peers. The Samling Anists also gain invaluable teaching and outreach experience, aslessica Cale exaIne(l after the week.. I was so neryous beforehandas Iknewthari wantedto rry working ¢hYOungpe0p1e in & mastercloss and teèching setringbuthadnever done aning like this before. Whar i expenencedlasr week was incredibly special. FI[/Y, that the Samling programme is one of the besr our rhere for young people. The structure of the sessions and understanding of what works foryoungpeople was realty clear, and if was so wonde1 to see how engaged in the sessions a/lof thegroups visitedrealty here. I musr thankyou forthe opportunityto buildconfidence Jnd trust in my own ability to teach andpass on nuggets oluseful(andhopefvlty he/pfvl.l) Information toyoungpeople. The joy I felt when a singer took on board what I was SaS was realtyproloundand it really was the most rewarding. ey opening experience. Ihave much to takeawayfrom the week norleastJ neon&hopeIu1ness rhar whar we do does make a difference, isnoticed, andrealfytrutymatterx. Learning from our experiences in the PaSL this year we iargered schools where muslc is active and supported, to maxlmise the effectiveness of the workshops. This paid off In thai we reached just over 600 students. more than in any previous year and an excellent response in applicaiions to Samling Academy.. six students from four of the schools we vlsited audltioned. and five gained places for the 2026127 Academy. Futuro plan$ As we celebrate our 30th anniversary. we are working towards the first of M special concerts. The firsL at The Glasshouse International Centre for Music. is a cabaret-style evening inspired by rhe Great Gatsby and 11 Include present and former Academy Singers with special guests. Weekend rehearsals for this semi-siaged show started In April with direction from Samling Artists Miranda Wright. pianist Sid Ramchander and choreographer Desireé Kongerod. Aso, in july we welcome for the firsi (Ime Swedish soprano Camilla Tilling Lo lead the Samling Artist programme ai Marchmont House alongside pianisi Roger Vignoles and aciorlames Garnon. A busy auiumn is planned as we welcome our new Academy cohorr of siudents ai Ihe sian of rhe academic year. Durham johnston Comprehensive School will join our Singing Schoc4s programme in September and on 6 November we will preseni our annual Showcase ai Wigmore Hall. This wll be Ihe climax of ovr 30th anniversary celebrations when, for the first time, our six 5amling Artisr sdois¢s will beioined on s(age by former and presen( Academy Singers. From the very beginning 30 years ago Samling Institute has never levied ruirion fees for any of irs programmes including all of irs work wilh schools. li does noi receive any regular or staru(ory funding and does noi have an endowment. We are immensety grateful ro all Ihose who have supported our work in bringing world class opportunities 10 young people from all backgrounds and who share our belief in (he Iransformational power of music to change lives and bring communities iogether. Page 10
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 Flnanclal rovlgw . Going concern After making appropriate enquiries. the trustees have a reasonable expeaa(ion that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason. they continue to adopt the going concern basis in preparing the financial statements. Funher details regarding (he adoption of the going concern basis can be found in the accounting policies. Ros•rvès pollcy The nature of Samling Institute's acriviiies require tha( planning happens ai least two years ahead, in line with classical music scheduling. This allows rhe charity to secure course leaders who have busy international schedules, along with key personnel, venues and partner5. Because of this, it 15 the policy of the charity 10 maintain unrestricted funds not committed, designated or invested in tangible fixed assets Ithe free reseryesl of 12 monihs (o(al expendi(ure. Trustees regard these reseNe5 as both prudent and nece55ary. They sustsin owoing v40rkbng capi(al requirement5 and help meet the commitment5 of the extended planning cycle. Durlng the year, Samling Institute made a planned and purposeful use of its reseryes to support two strateglc priorities,. the successful reinrroducrion of rhe Academy Opera. and the continued expansion of its outreach work in State schools. Having moved beyond its developmeni phase. rhe r4 Singing Schools project Is now an e5tabli5hed and integral parr of the Institute's support for young people. At 31 March 2026, free reserve5 Stood at E314.098 12025.- £378,3591 which is below the Trusiees. tsrget level of £372,000 total expendi¢ure. This reflects ihe Trustee's decision ro invest reserves in programme delivery and development whlle maintaining the charltys financial resilience. As Samling Institute recelves no staruiory or regular funding and has no endowmenL Ir relies on successful fundralslng to replenish reserves and ensure the lon*ierm susiainability of its programmes. Rebuilding reserves to the target level remalns a priorlty. providing the financial siability needed ro continue delivering all strands of the Insiltute's work and to respond to future opportunlties. c. Invostmont policy The memorandum of association permits the charity to deposit or invest funds in the same manner as permltted by the Trustee Act 20(M). Having regard ro rhe charitls liquidity requirernenis and reserves policy, Ihe irustees currently operate a policy of keeping available funds in inieresi-bearing deposii accounts. Page11
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 d. Prln¢lpal funding The principal funding sources of the charity during the year fftre grants and donations. The trustees wish tts ècknovledge the support of the following funders during the year and those who wish to remain anonymous. The Shears Foundation E5mée Fairbairn Foundatlon Finn Family Fund Thelohn Horseman Trust The Idlewild Trust The W A Handley Trust The Roy & Pixie Baker Charitable Trust P Holden lan & Helen Andrews Mr S Dor05zkow5ki The Hu80 Burge Foundation The Amar-France5 & F05terlenkins Trust The Henfrey Charitable Trust Three Monkie5 Trust Garrick Charitable Trust The Nicholas Boa5 Charitable Trust The Fidelio Charitable Trust K Dugdale Mr & Mrs N Baieman The flnancial outcome is net expenditure on the unrestri(ted in¢ome fund of £60,46412025.' net income £93,853). Structure. govemanco and managom•nt a. Constitutlon Samling Institute for Young Artists is a company Iimiied by guaran¢ee. noi having a share capitsl and is reglstered wlth the Charity Commission in England and Wales and the OlCe of ihe Scorrish Charity Regulator. It is governed by irs memorandum and articles of association and in the event of rhe charity being wound up, the maxlmum liabillty of each member is £10. Mothods of ppoSntrnont or eloction of truyt••s The trustee5 are directors for rhe purposes of company law and are decred by and from the membership at general meerings. The direciors may also appoinr additional direaor& bui any such appointment must be confirmed by the members at the next annual general meering. Ar each annual general meetin& one ihird of Ihe directors must reiire from office and those reiiring by rotation are eligible for reappointment. The number of directors must not be less than three and the directors appoini one of iheir number ro chair their meetings. c. Organisational structuro The charity is managed by the trustees. who meet approximately four times a year. Two trustee5, or a third of ihe number of trustees (whichever is the greaierl. are needecl for a quorum. The Irusiees who have served during Ihe year are set out on page l. The day-tcrday operations of the charity are managed by rhe Artistic and Execurive Director. d. Policies adopted for the induction and training of tntee9 The charity arranges for new Iru5tees to understand the remit of the charity through seeing first hand, activities and project5. After this induciion, the chairman invite5 Ihe individual to join the board. The training of trusiee5 15 deali with according to individual need. e. Related paty relafjon$hlps The charitys whollowned trading subsidiary. The Samling Arts Trading Company Limited has been dormant since 1 April 2004. Page 12
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 Stru¢turo. govornan¢o and managament l¢ontlnu8d) f. Rlsk managem•nt The trustees have overall responsibility for risk management. The Chairman and Treasurer oversee ihe process, monitoring its scope and effectiveness. Day to Ilay responsibility for risk managemenr is taken by the Art15tic and Executive Dirertor and procedures are reviewed Jnnualty- 'sk is discussed during trustee meetings and with staff on regular basis. The major risks to the charity are identified in a regis(er and rewewed regularly. Each risk is asse55ed for likelihood of occurrence, consequence5 and impoct. Mitigating aaions are identified and the subsequent retained risk5 to the charity are rneasured. Risk rewew dates are also indicated. Financial risks are monitored and reviewed using the Charity Commission'5 Ynternal Financial Contro15 for Chariues Checklisff. The charity5 Staff carry out individual risk asse55ments for each of its project5 and events in consultation with project participants and other Sources Ifor examFAe. legallwhere necessary. Statsment of tru8tso•' ro•ponslbllltlo8 The trustees (who are also the directors of the charity for the purposes of company lawl are responsible for preparlng the Iru5tees' report and rhe financial statements in accordance wth applicable law and United Kingdom Accountlng Standards (United Kingdom Generalty Accepte(l Accounting Practice). Company law requlres the trustees to prepare financial ststements for each financial year. Under company law, the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the chariiy and of its incoming resources and apF4ication of resources, includlng Its income and expenditure, for that period. In preparingthese financial statements, the trustees are requlred to.. select suitable accounting policies and ihen apply them consistendy.. observe the meihods and princi eS of ihe Charities SORP IFRS 1021.. makeiudgements and accouniing estimates that are reasonable and prudenr state whether applicable UK Accounting Standards IFRS 1021 have been followed. subjett to any materlal departures disclosed and explained in the financial statements.. prepare the financial statements on the going concern basis unless It Is Inapproprlate to presume that the charity w511 continue In business. The trustees are re5POll5ible for keeping adequate accouniing records that are sufficient to show and explain the charity'5 transactions and di5c105e wilh reasonable accuracy at any tirne the financial posiuon of the charity and enable them to ensure that the financial siatements comply wilh Ihe Companies Act 2006. They are a150 responsible for 5afeg(Jarding the asset5 ofihe charity and hence for iaking reasonatAe steps for ihe prevention and deteciion of fraud and oiher irregulariiies. Approved by order of the members of the board of trusrees and signed on their behalf by. Zhvid Sgu Slr D R Bell Chairman Date.. 20 July 2026 Page 13
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2026 Indèp$nd•nt •xamlnoes roport to th• trust0 of Samllng In$tltut• for Young Artl$ts I'th• ¢harity'l I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2026. R8sponsibiliti8s and basis of report As the trustees of the charity land its directors for the purposes of company lawl you are responsible for the preparation of the ac¢oun15 in accordance with the requirements of the Charities and Trustee Investment IScotl8ndl Ad 2005 Ilhe 2005 Act'l. the Charth"es Accounts (Scollandl Regulations 2006 18$ amended) I'lhe 2006 Accounts Regulalions'l and the Companies Act 2006 Ilhe 2006 Acl'l- You are satisfied that the accounts of the charty are not required by Charity or MpanY law lo be audrted and have chosen instead to have an independent examination. Havin9 satisfied myself that the accounts of the ¢harty are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent eyaminalJ"on. I report in SpeCt of my examination of the charity's accoun19 carried out under seth'on 4411llcl of the 2005 Act and section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the requirements of Regulation 11 of the 2006 Accounts Regulations and the Directions given by the Charty Commission under section 14515llbl of the 2011 Act. Ind•p•nd•nt •xamlnor'8 $tatsmont Since the charity is required by company law lo prepare its account$ on an aral$ basis and is registered a$ a charity in Scotland your examiner must be a member of a body listed in Regulation 11121 of the 2006 Accounts Regulations. I can confirm thai l am qu1r1ed to undertake ihe examination because l am a registered member of the Inslilule ol Chartered Aceounlanls in England and Wales. %thi¢h is one of the listed bodies. I have comrAeled my examination. I confim that no matters have come lo my attention in connection wlh the examination giving me cause lo believe". a¢counting records were not kept in respe¢l of the Charty as require(I by sects'on 386 of the 2008 Act and Regulation 4 of the 2006 Accounts Regulations,. or the accounts do not accord those record$ and the accounting requirements of Regulation 8 of the 2006 Accounts Regulations", or the accounts do not comFYy wrth the accounting requiremenlg of seth'on 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, wew ¥thich 1$ not a matter considered as part of an independent examination., or the accounts have not been prepared in a¢cordan¢e wlh the methods ant1 princiFAe$ of the Statement of Recommended Practice for accounting and reporting by ¢harib"es lapplicaNe lo ¢harrties prepanng their a¢coLJnls in a¢cordance with the Financd Repoth'ng Standard appli¢able in the UK and Republic of Irdand IFRS 10211. I have no concerns and have come across no other matters in connection wth the examination lo which attention should be dravm in this report in order lo enatrAe a Proper understanding of the accounts lo be reached. This report is made solely to the charity's trustees in accordance wth Part 4 of the Charities (Accounts and Reportsl Regulations 2008 and Regulation 11 of the Charibes Accounts Iscoljandl Regulations 2006. My work has been undertaken so that I might state to the charitys trustees those matters l am required to state to them in an independent examinerfs report and for no other purpose. To the fulle51 extent permrtted by law, I do not accept or assume responsibilrty lo anyone other than the charity and the charty's trustees for my work or for this port. Signed.. E Chapman FCA Amistrong Watson LLP Chartered Accountants One Stravknerry Lane Newcastle upon Tyne NE14BX Dated.. 20 JLly 2026 .'2GMT+l) Page 14
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2026 Unrestricted funds 2026 Restricted funds 2026 Total funds 2026 Total funds 2025 Income from: Donations and legacies CharItae activttj'es Investments 120.815 14,510 9.955 96,848 31,000 217,663 45,510 9.9SS 355.928 54,633 11,680 Totsl In¢omo 145,280 127,848 273,128 422.247 Exp•ndlture on: Raising funds CharItae aCtiv.eS 20,719 185.025 20,719 351,215 20,669 315,627 166,190 Totsl oxpondltur• 20S.744 166,190 371,934 336.290 Not lexpendlturo}Ilncomo 160.464) 138,3421 98,8061 85.951 N•t movèmènt In funds 160.464) 138,3421 198,8061 85,957 Roconclllatlon of funds: Total funds brought forward Nel movement in funds 477.814 160.464) 38,342 138,3421 516,156 198,8061 430,205 85.951 Total funds carrlod fop•vard 417.350 417,3SO 516. 156 The Stslemenl of financial ath'vilies includes all gains and losses recognised in the year. The notes on pages 18 to 30 fom) part of these financial ststemenls. Page 15
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel REGISTERED NiIMBER: 5576907 BALANCE SHEET AS AT 31 MARCH 2026 2026 2025 Molo Fixed assets Tangible a5se15 Investments 1.703 1, 191 12 1.705 1, 193 Currènt assèts Debtors Cash at bank and in hand 13 28,174 400.901 26,403 502,851 429.075 529.254 Current Ilabilitl8s Creditor5.' amounts falling due wthin one year 14 {13.4301 (14,291) Ng1 current a$$ets 415,645 514,963 Total n•t ass•t¥ 417,350 516, 156 Page 16
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel REGISTERED NiIMBER: 5576907 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2026 2026 2025 Molo Charity funds Reslricled funds 15 38,342 Unrestricted funds". Designated funds General funds 15 15 101,S49 315.801 98,264 379,550 Totsl unrestricted funds 15 417.350 477,814 Total fund 417.350 516, 156 The charity was entitled lo exemption from audit under 5ects.on 477 of the Companies Act 2006. The members have not required the Company to obtain an audit for the yeai in quests'on in accordance wlh section 476 of Companies Ad 2006. The Iru5tees acknowledge their responsibilities for comF4ying with the requirements of the Act with respect lo accounting records and preparation of financial statements. The financial slalemenls have been prepared in accordance the provisions apF4icable lo enlilies subject lo the small companies regime. The financial statements were approved and authorised for issue by the trustees and signed on their behalf by.. A Macnaughton Treasurer Dale 20 July 2026 The notes on pages 18 to 30 lom part of these financial statements. Page 17
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 General inforniation The charity is a company limrted by guarantee and has no share capital. In the event of il being wound up, the maximum liability of each member is £10. Accounng pollcl 2.1 8asis of preparation of financial statemenls The financial statements have been prepad in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charrties". Sl*emenl of Recommended Practice applicable lo charities preparing their accounts in accordance the Financial Reporting Standard applicable in the UK and RepU1C of Ireland IFRS 1021 (effective 1 January 20191. the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006. Samling Insli(ule for Young Arlisls meets the deffinrtn of a public benefit entity under FRS 102. Assels and liabile$ are initially recognised al hislorical wst or transaction value unle$$ otherwise slated in the relevant accounting policy. 2.2 Golng con¢èm The charity has reVIed ils cash Ilow forecasts and there is a reasonable expectslion that il has adequate resources lo continue in operational exi$len¢e for * leasl the next tsY8lve months and on this basis the Charity is Consered lo be a going con¢em. 2.3 Incomo All income is recognised once the Charity has entitlement to Ihe income, il is probable that the income 11 be received and the amount of income receivatle can be measured reliably. Grants and donation5 are induded in the statement of financial activities on a receivable basis. The balance of income received lor SifiC purposes bul not expended during the period Is shown in the relevant funds on the balance sheet. Where income is reeeived in advance of enlidemenl of receipt, ils recognition is deferred and induded in C110r$ as deferred income. Where enlillemenl occurs before income is received, the income is accrued. On receipt, donated services are recognised on the basis of the value of the gift to the charity which is the amount il would have been willing lo pay lo obtain services or facilities of equivalent economic benefit on the open market. a corresponding amount Is then Cognised in expenditure in the period ol receipt. Income from charitae activities includes concert income, fees from participants and project partner contributions and is recognised vthen receivable. Investment income being interest is induded vthen receivable. Page 18
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accounng poll¢l•s {¢ontlnu•d} 2.4 Expenditure Expenditure is recognise<l once there is a lega or construclive 019allOn to transfer economic benefit to a third paty, it is probable that a transfer ol economic benefits wll be required in setdement and the amount ol the ot4igation can be measured reliably. Expenditure is dassified by activity. The costs ol each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct cos15 attnbutable lo a single activity are allocated directly lo that acliv1ty. Shared costs which contribute lo more than one activity and support costs which are not attributaNe lo a single activity are apN)oned betsn those activities on the basis of stsff time spent on ea¢h activity- Expenditure on raising fvnds comprises the costs incuffed towaTds obtaining voluntary income from grants and donation5, together wth expenditure on fundraising activities. Expenditure on charitat4e actiwties is incurre(l on diceclly undertaking the aclivf(ies vknich further the charitys objectives, as well a$ any a$socialed support co$l$. All expenditure is indusive of irrecoverable VAT. 2.5 Tanglbl• flxed a$80ts and d•proclatlon Tangitle fixed a$$el$ are initialty re¢ognised at cost. After renItIOn, under the cost model, tangible rixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangitle fixed asset into its intended working condits'on should be induded in the measurement of cost. Depreciation is charged $0 as to allocate the cost of tsngible fixeil assets less their residual value over their e$limaled useful lives, Depreciation 1$ provided on the followng bases.. Fumi(ures, fittings and equipment Paintings 4 years straight line - nol deplated 2.6 Investments Investrnenls in subsit1iaries are valued al cost less kyovision for impairmenL The charity has taken advantage of the exemption provided by the Statement of Recommended Practice not to prepare group accounts on the grounds that the results of the subsidiary undertaking are not material to the group. 2.7 Ca$h at bank and in hand Cash at bank includes a current account and reserve accounts. 2.8 Liabilities and provision5 Liabilrties are recognised when the is an OlgatiOn at the balance sheet dale as a result of a past event. it is probable that 3 transfer of economic beneffil 11 be required in setuement, and the amount of the settlement can be estsmated reliatly. Liabilrties are recognised at the amount that the charity anticipates it wll pay to setde the debt or the amount il has received as advan¢e(I payments for the goods or services it must provide. Page 19
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accounng poll¢l•s {¢ontlnu•d} 2.9 Financial instruments The chanty only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initialty recognised at transaction value and subsequendy measured at their setdement value the exception of bank loans which are subsequendy measured al aM0.sed cost using the effective interest method. 2.10 Pon$lon$ The charity operates a defined c0ntriblrtn peThSn $¢heme and Ihe pension charge represents the amounts payable by the charity to the fund in respect of the year. 2.11 Fund aceountlng General funds are unrestricted ftjnds vthich are avalable for use at the discretion of the Iruslees in furtherance of the general objectives of the charity and vthich have not been designated for other purposes. Designated funds comprise unreslricled funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is sel out in the notes lo the financial slatemenls. Restricted funds are funds vthich are to be used in accordance wth specific restrictions imposed by donors or vthich have been raised by the charity lor particular purposes. The costs of raising and administering such funds are charged against the speeifie lund. The aim and use of each reslricled fund is set in the notes lo the financial stslements. Page 20
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Income from donations Unrgstrict8d Rastrictad funds funds 2026 2026 Total funds 2026 Total funds 2025 Grants The Shears Foundatson The Hugo Burge Foundation Esmee Fairfoaim Foundats'on The Idlewild Trust The Amar-Fr4nces & FosterenkInS Trust Finn Family Fund The Henfrey CharItae Trusl The John Horseman Trust Three Monkies Trust Garrick Charitsble Twst The W A Handley Trust Anonymous The Fiddio Charilatle Twst The Ni¢hda$ Boa$ Charrtable Trust The Roy & Pixie Baker Charitable Trust The Barbour Foundatson Sir Jame$ Knott Trust UBS DAF Dr Anthony David Trapp MBE The Scops Arts Trust The Joicey Trust Sir Tom Cowe Charrtable Trust RBC Brewn Ddphin Community Grant 30,OIY) 30.000 14.000 10.750 10,SOO 10.000 10,000 10,000 10,000 10,000 5,000 5,000 3.000 2.000 2,000 2.000 30,000 4,000 14,000 10,750 10,500 10,000 10,000 10,000 3,500 10,000 10.000 20,000 5,000 10,000 10,000 10,000 5,000 5,000 3,000 2.000 2,000 2,000 5,000 2,500 3,000 foo,000 25,000 15,000 7,500 2,000 1.450 1,000 40,0 94,250 134.250 254,950 Donatlon$ P Holden K Dugdale Other lan & Helen Andrews 25,000 25,OlJO 19.394 7,500 2,51]0 25,000 25.000 19.992 7,SOO 2.500 2.000 1.421 50,000 25,000 21.279 598 Mr S Doroszkowski Mr & Mrs N Bateman Membership income 2,000 2,000 2. 759 1.421 120,815 96,848 217.663 355,928 Page21
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Income from charitsble activities Unrgstrict8d Rastrictad funds funds 2026 2026 Total funds 2026 Total funds 2025 Concert income 14,510 14,510 3.400 9.000 18.600 9,000 3,433 18,000 24,200 Administrative contributions 3,400 9,000 18,600 Project partner contributions In kind support from venues 14,510 31,000 45.510 54,633 Invo$tmont Incom• Unrnstr5cted funds 2026 Total funds 2026 Total funds 2025 Interest on cash deposts 9,955 9,9SS 11,680 Page 22
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Expenditure on raising funds Fundraising costs Unrgstrlct8d funds 2026 Totsl funds 2026 Total funds 2025 Office costs Wages and salaries Social secunty costs Pension costs Depre¢iaty'on 3,756 15,745 695 472 51 3,7S6 15,745 695 3,454 15,644 1,057 469 45 472 51 20,719 20.719 20.669 Analys18 of oxpondlture on ¢harltabl• actlvltl•s Summary by fund typ• Unrnstrlcted Restricted fund$ funds 2026 2026 Totsl 2026 Total 2025 charitale acliwb.es 185,02S 166,190 351.215 375,621 Total 2025 130.939 184.662 315,621 Analys1$ of •xp8ndlturn by actlvltl•$ Support Costs 2026 Total fund$ 2026 Total nds 2025 Dire¢t Costs 2026 Charitale acli*ib'es 208,699 142,516 351.215 315.621 Page 23
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Analysis of expenditure by activities Icontinuedl Analy$i$ of diro¢t ¢o$ts Total funds 2026 Total funds 2025 Samling Artlst Programme Samling Academy and Samling Opera. Samling Futu$, SirvJing Schoc4s Publi¢ and fundraising con¢erts Samling and Song 72.445 116.628 12,278 7,348 71,380 87, 182 11,932 4,204 208,699 174.698 Analy818 ol support costs Totsl funds 2026 Total funds 2025 Staff co818 Depreciats'on Office costs Audit and a¢countsn¢y Trustees, meeting expenses 110,447 334 24.571 6.972 192 111,263 295 22.495 6,648 222 142.516 140,923 Governance costs induded wlhin suprK)rt costs tota £20.595 (2025.. £20,219}. They comprise.. £6.972 for the preparathon and examination of the stslulory financial slalemenls12025." £6.6481. £19212025 £2221 in respect of trustee meelbng expenses. £10,57912025.' £10,700) staff costs. £2,85212025'. £2.6491 office costs and depreciation. Independent examlnerfs remun•rntlon 2026 2025 Fees payable lo the charrty's independent examinerfoi the independent examination of the Charity's annua accounts Fees payable to the charty's independent examiner in respect of.. Accountsncy services 2.052 1,944 4.920 4, 704 Page 24
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 10. Staff costs 2026 2025 Wages and salaries Social security costs Contribution to defined contribLrtion pension schemes 118.737 5.OS9 3,S63 117,530 7,377 3,526 127.359 f 28,433 The average number of persons emFdoyed by the charty during the year was as follow5.' 2026 No. 2025 No. Project devdopment and support, fundraising arKI administration The number of employees vthose emF4oyee benefits lexduding emF4oyer pension costs) exceeded £60,000 wa5.. 2026 No. 2025 No. In the band £60.001- £70,000 The charty considers its key management personnel Com3e of the trustees, the Artistic and Executive Director and a Marketing Manager. The lotsl employment cos1$ of the key rnanagemenl personnel were £108,11612025.' £107,419). Page 25
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 11. Tangible fixed assets Furniture, fittings and equipment Cost Al 1 Aprl 2025 Additions 14.050 899 Al 31 March 2026 14,949 Dgpwlatlon At 1 April 2025 Chargè for the year 12,8S9 387 Al 31 March 2026 13,246 Not book valu* Al 31 March 2026 1.703 At 31 Marclj 2025 1, 191 12. Inveitmonts Invgstmgnts In subsidiary companie$ Cost or valuation Al 1 Aprl 2025 At 31 March 2026 N8t book value Al 31 March 2026 At 31 March 2025 The historica cost of this investrnent as at 31 March 2026 vrds £2. Page 26
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Principal subsidiaries The followng was a subsKliary undertaking of the charity.. Nam8 Registered office or principal Class of place of business shares Holding The Samling Arts Trading Company Limited Unite(I lth"ngdom 2£1 ordinary shares 100% The financial results of the subsidiary for the year re.. Nam• N•t assets The Samling Arts Trading Company Limited 13. D•btorn 2026 2025 Prepayments Accrued income 6.328 21,846 6,380 20,023 28.174 26,403 1& Credltorn.. Amounts falllng due wlthln one year 2026 2025 Amounts owed to group undertakings Other taxation and social security Other creditors Ac¢ruals and deferred grant income 2.910 716 3.350 815 9.802 10, 124 13,430 14,291 Page 27
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 1& Statement of funds ststgm•nt of fund$ - ¢urrgnt ygar Balance at 31 March 2026 Balance at 1 April 2025 Income Expenditure Unr8strict8d funds D•slgnatsd funds Joan Frances Coull Fund 98.264 3.285 101.549 Gonoral funds Gener funds 379,550 141,99S {205.7441 315.801 Total Unrostrlctsd funds 477,814 145,280 {205.7441 417.350 Ro•trl¢tsd fund• Samling Academy, Samling Futures and Singing Schools Samling Artist Programme Samling Opera Samling and Song 13.793 62,818 42,280 18,750 4,000 176,6111 {42,2801 {43,299 14,0001 24,$49 38,342 127,B48 {166.1901 Total ¢1 fund8 516,156 273,128 {371.9341 417.350 In 2016117 a legacy of £94.996 received from the estate of the late Joan Frances Coull. This was sel aside by Trustees as a designated fund to support fuiure projects and accrues Inte$1 each year. Page 28
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 1& Statement of funds Icontinuedl ststgm•nt of fund$ - prior yoar 8alance al 31 March 2025 Balance at l Apnl 2024 InG(Hn8 Expenditur8 Unr8strict8d funds D•slgnatsd funds Joan Frances Coull Fund 94,996 3,268 98,264 Gonoral funds Gener funds 288.965 242, 793 (151,608? 379,550 Total Unrostrlctsd funds 383,961 245.461 (151,608) 477.814 Rostrlctsd fund¥ Samling Academy, Samling Futures and Singing Schools Samling Artist Programme Samling Opera Samling and Song 21.695 84.955 87.825 (92.857) (87,825? 13, 793 24,549 24,549 4,000 (4,000) 46.244 176. 780 (184.682) 38,342 Total ol lund• 430.205 422,247 (336,290? 516, 156 Page 29
SAMUNG INSTITUTE FOR YOUNG ARTISTS IA ¢haritsble ¢ompany limited by guarnntsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 16. Analysis of net assets betn funds Analy$i$ of not a$$ots botwvn funds- ¢urronl ar Unrestricted funds 2026 Total funds 2026 Tangible fixed assets Fixed asset investments Current assets Creditors due vAthin one year 1,703 1,703 429,075 113,4301 429.075 113.4301 Total 417,350 417.350 Analy$l# ol not a$¥•ts b•tWn fund•- prlor year Unreslricted funds 2025 Restricted funds 2025 Total funds 2025 Tangible fixed assets Fixed asset investments Current osse15 Creditors due wthin one year 1. 191 1, 191 490.972 (14,291) 38.342 529.254 (14,2913 Total 477,814 38,342 516, 156 17. Related party transactlons No trustees, or any person related or Connected by business to them, received any remuneration from the charty during the year. During the year, one trustee wa5 reimbursed expenses lotalling £192 12025.. £1531 in relation lo travel costs for attending Iruslee meetings. There were no transactions wlh The Samling Arts Trading Company Limited during the year. The loan account balance is disdosed in note 14 to the financial statements. Page 30