AWARDS FOR YOUNG MUSICIANS

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. AWARDS FOR YOUNG MUSICIANS 2002-01-18 → present
2. THE YOUNG MUSICIANS FUND 2001-07-30 → 2002-01-18
3. THE MUSICAS FUND 1998-07-23 → 2001-07-30

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Albert Goodman Chartered Accountants

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“the trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Significant events

• “2024 was a year of significant achievement for Young Sounds UK. In the spring we rebranded from Awards for Young Musicians: a change that has been well received by our young people and their parents and carers, by our supporters and more generally across the music education community.”
• “new four-year partnership with the Department for Education (DfE) to evaluate how best to support young people's musical progression.”
• “With their help our year-on-year revenue increased 38% to £1,931,842. This enabled us to provide sustained support for 1,280 individual young people across our programmes during the year.”
• “Connect (formerly Furthering Talent) grew substantially, particularly due to the significant investment by the Department for Education (DfE) via the Music Opportunities Pilot. We're now working with 22 Music Hub partnerships across England to support 1,000 young people.”
• “In April 2024 we rebranded as Young Sounds UK. The purpose was threefold: we wanted to reach more talented young people from low-income families who need our help; reflect the broadening of our work; and create a more inclusive, approachable and youthful image.”
• “In September 2024, we announced a new programme phase, following our successful bid to the DfE to run the Music Opportunities Pilot (MOP).”
• “With the change of government in July 2024 the focus has shifted, and Young Sounds are now at the forefront of discussions around the planned new National Centre for Arts and Music Education.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

6

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +111.8%

  £374,709 → £793,799

• Cash

  -20.4%

  £327,943 → £260,962

• Net assets

  +43.5%

  £654,874 → £939,979

• Employees

  +11.1%

  9 → 10

• Wages

  -6.5%

  £286,696 → £267,935

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers