Finance Score: 3

Governance Score: 6

Support Score: 3

Liabilities <10%: +3
Excess liquidity: -1
Large legacies income: +1

Good trustee age range: +3
Gender balanced board: +3

Gov Income
Grant maker support: +3

Overall GiG Score: 12

YOUNG CLASSICAL ARTISTS TRUST

YCAT was set up in 1984 to identify, nurture and promote outstanding young soloists and ensembles at the outset of their professional careers. As an artist management service YCAT liaises with promoters in the UK and abroad. YCAT also presents concerts to showcase the artists it represents. After three years of representation YCAT aims to introduce the artists to suitable commercial management.

Analysis by Giving is Great

Positives:

The charity has received Government grants
This charity has a robust balance sheet
This charity has received considerable income from legacies in recent years
Spending has increased over the last 3 years relative to the previous period, despite a decline more recently
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age and gender

Financial issues to consider:

Liquidity appeared to be considerably in excess of CC guidelines at the latest year end especially considering the historic stability of income

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/08/23		£531	£467	£63	£61	£898	£818	21	8
31/08/22		£419	£462	£-44	n/a	n/a	n/a	n/a	n/a
31/08/21		£525	£413	£112	£57	£895	£802	23.3	7
31/08/20		£584	£542	£42	£69	£764	£665	14.7	6
31/08/19		£786	£410	£376	£96	£740	£672	19.6	6
31/08/18		£411	£382	£29	£0	£0	£0	n/a	0
31/08/17		£455	£405	£49	£0	£0	£0	n/a	0
31/08/16		£399	£326	£73	£0	£0	£0	n/a	0
31/08/15		£261	£256	£5	£0	£0	£0	n/a	0
31/08/14		£245	£245	£0	£0	£0	£0	n/a	0
31/08/13		£173	£231	£-59	£0	£0	£0	n/a	0
31/08/12		£214	£212	£2	£0	£0	£0	n/a	0
31/08/11		£229	£208	£21	£0	£0	£0	n/a	0
31/08/10	*	£210	£233	£-23	£0	£0	£0	n/a	0
31/08/09?		£124	£128	£-4	£0	£0	£0	n/a	0
31/12/08		£310	£230	£80	£0	£0	£0	n/a	0
31/12/07		£253	£213	£40	£0	£0	£0	n/a	0
31/12/06		£214	£231	£-17	£0	£0	£0	n/a	0
31/12/05		£247	£214	£33	£0	£0	£0	n/a	0
31/12/04		£234	£208	£26	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 12%
Fundraising Costs/Total Spending: 13%
Senior Staff Costs/Total Spending: 24%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 4%
Liabilities/Income: 8%
Unrestricted Funds/Total Funds: 91%
Reserves/Spending: 21 months
Net Current Assets/Spending: 20 months
Quick Ratio: 18.8

Asset Split ?

Established: 40 years

www.ycat.co.uk

info@ycat.co.uk

02073798477

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science

GiG Classification

Performing and visual arts

How it operates

Provides advocacy/advice/information
Provides human resources
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People

Who works here?

8 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Based on 8/9 persons

Age Range of Trustees: 40-80

AKHIL SHAH Appointed: 2020, Occupation: Barrister

ALASTAIR DUNBAR STOREY Appointed: 2021, Occupation: Chief Executive

JULIE ELIZABETH WEBB Appointed: 2020, Occupation: Insurance Broker

RACHEL VAN WALSUM Appointed: 2022

SIR SIMON CHRISTOPHER TOWNSEND ROBEY Appointed: 2019, Occupation: Corporate Financial Adviser

ANGELA DIXON Appointed: 2017, Occupation: Chief Executive

JONATHAN VAUGHAN Appointed: 2018, Occupation: Director

LORD TERENCE BURNS (Chair) Appointed: 2017, Occupation: Business Executive, Other trusteeship: MID WALES MUSIC TRUST,

MICHAEL DAVID GLADMAN HORRIDGE Appointed: 2018, Occupation: Banking

Legal constitution

Charitable company registered in England & Wales on 02/02/1984, number: 326490
Registered at Companies House on 13/01/1984, number: 01783007

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Social media policy and procedures
Trustee conflicts of interest policy and procedures

Filing Record

20 returns made; AR10: 21 days late,

Recent reorganisation events:

Asset transfer in from CAMBRIDGESHIRE CHORAL SOCIETY on 01/11/2021

Main office

YCAT
WEST WING
SOMERSET HOUSE
STRAND
LONDON
WC2R 1LA

Objectives

TO PROMOTE THE ARTS AND SCIENCES AND IN PARTICULAR THE ART AND SCIENCE OF MUSIC BY ASSISTING YOUNG MUSICIANS BEING PERSONS OF MODERATE OR LIMITED MEANS IN SUCH A WAY AS TO ENABLE THEM TO BECOME SELF-SUPPORTING. (FOR FURTHER DETAILS SEE CLAUSE 3 OF MEMORANDUM OF ASSOCIATION.)

Defined Area of Benefit:

NOT DEFINED

Data Sources