Finance Score: -6

Governance Score: 2

Support Score: 4

Spending falling: -1
Multiple Deficits and declines: -5
No PartB

Good trustee age range: +3
Mainly male board: -1

Grant maker support: +4

Overall GiG Score: 0

THE FOUNDATION FOR YOUNG MUSICIANS

The Foundation for Young Musicians exists to support and secure the future of London's Centre for Young Musicians. The Centre for Young Musicians provides music tuition and courses for London schoolchildren in programmes that range from beginner level instrumental study to advanced training suitable for those aiming to study at conservatoire or university.

Analysis by Giving is Great

Positives:

A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

The Board is predominantly male

Financial issues to consider:

A PartB annual return has not been required and so detailed financial information is not available from the online data
Spending has fallen significantly over the last 5 years relative to the previous period
Income has been volatile and on several occasions in recent years less than spending

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
31/03/23		£158	£82	£76	n/a	n/a	n/a	n/a	n/a
31/03/22		£96	£140	£-44	n/a	n/a	n/a	n/a	n/a
31/03/21		£110	£128	£-19	n/a	n/a	n/a	n/a	n/a
31/03/20		£199	£180	£19	n/a	n/a	n/a	n/a	n/a
31/03/19		£309	£208	£101	n/a	n/a	n/a	n/a	n/a
31/03/18		£272	£263	£9	£0	£0	£0	n/a	0
31/03/17		£245	£285	£-41	£0	£0	£0	n/a	0
31/03/16		£316	£252	£64	£0	£0	£0	n/a	0
31/03/15	*	£225	£171	£54	£0	£0	£0	n/a	0
31/03/14		£263	£199	£64	£0	£0	£0	n/a	0
31/03/13		£230	£266	£-36	£0	£0	£0	n/a	0
31/03/12		£208	£221	£-12	£0	£0	£0	n/a	0
31/03/11		£216	£305	£-90	£0	£0	£0	n/a	0
31/03/10		£326	£231	£95	£0	£0	£0	n/a	0
31/03/09		£376	£318	£58	£0	£0	£0	n/a	0
31/03/08		£313	£319	£-6	£0	£0	£0	n/a	0
31/03/07	*	£221	£219	£2	£0	£0	£0	n/a	0
31/03/06	*	£324	£334	£-9	£0	£0	£0	n/a	0
31/03/05		£336	£301	£35	£0	£0	£0	n/a	0
31/03/04	*	£214	£173	£41	£0	£0	£0	n/a	0

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Highest pay bracket: less than £60,000

Established: 34 years

www.fym.org.uk

fym@cym.org.uk

02079283844

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Services for young people

How it operates

Acts as an umbrella or resource body

Where it operates

Throughout London,

Who it helps

Children/Young People

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Haberdashers' Company - Throckmorton Trotman Educational Fund
£15,000	06/09/2023	Trotman Junior Exhibitions 2023
Haberdashers' Company - Haberdashers' St. Catherine Foundation
£8,223	21/06/2023	St Catherine Foundation Bursaries allocation 2022/23
Haberdashers' Company - Thomas Arno Fund
£500	16/11/2022	Contribution towards fuel and ferry costs for a rowing trip to Seville for 32 pupils in April 2023
Haberdashers' Company - Pamela K. Pye Fund
£6,800	06/07/2022	Annual award
Haberdashers' Company - Prize Fund
£2,053	06/07/2022	Annual award
Haberdashers' Company - Prize Fund
£2,637	06/07/2022	Annual award
The Childhood Trust - Young at Heart supporting future young musicians
£2,500	12/06/2022	To provide bursary support for musically talented young Londoners, to attend the Centre for Young Musicians (CYM) and benefit from membership of the London Schools Symphony Orchestra (LSSO), who ....more To provide bursary support for musically talented young Londoners, to attend the Centre for Young Musicians (CYM) and benefit from membership of the London Schools Symphony Orchestra (LSSO), who otherwise would not have the financial means to attend.
The Childhood Trust - Young at Heart Anniversary campaign
£2,500	22/06/2021	To raise bursary funds to enable all musically talented young Londoners to benefit from membership of the London Schools Symphony Orchestra (LSSO)- the advanced ensemble of London's Centre for Young ....more To raise bursary funds to enable all musically talented young Londoners to benefit from membership of the London Schools Symphony Orchestra (LSSO)- the advanced ensemble of London's Centre for Young Musicians (CYM) and London's premier youth orchestra, regardless of family background or finances.
The Childhood Trust - Young at Heart
£2,500	08/12/2020	To raise funds to provide bursary support for musically talented young Londoners to attend CYM (Centre for Young Musicians) and benefit from membership of the LSSO (London Schools Symphony ....more To raise funds to provide bursary support for musically talented young Londoners to attend CYM (Centre for Young Musicians) and benefit from membership of the LSSO (London Schools Symphony Orchestra), who otherwise would not have been able to do so as a result of family background /finances.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Based on 6/7 persons

Age Range of Trustees: 46-69

GEOFFREY HARNIESS Appointed: 2023, Occupation: Musician

LISIA BASSETT Appointed: 2018, Occupation: Chartered Accountant

CHRISTOPHER WARREN-GREEN (Chair) Appointed: 2020, Occupation: Conductor

MARCUS PRICE Appointed: 2010, Occupation: Auditor

NICHOLAS LAWSON Appointed: 2018, Occupation: Chartered Accountant

RUTH JENKINS Appointed: 2008, Occupation: Company Secretary

RUSSELL O'BRIEN Appointed: 2019, Occupation: Accountant

Legal constitution

Charitable company registered in England & Wales on 08/11/1990, number: 1000825
Registered at Companies House on 25/10/1990, number: 02552026

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Financial reserves policy and procedures
Investing charity funds policy and procedures
Risk management

Filing Record

20 returns made; AR15: 2 days late, AR07: 127 days late, AR06: 1 days late, AR04: 88 days late,

Recent reorganisation events:

Asset transfer in from NEW LONDON CHILDREN'S CHOIR LIMITED on 22/03/2024

Main office

MORLEY COLLEGE LTD
61 WESTMINSTER BRIDGE ROAD
LONDON
SE1 7HT

Objectives

A) THE OBJECTS FOR WHICH THE COMPANY IS REGISTERED ARE TO PROMOTE, MAINTAIN, IMPROVE AND ADVANCE EDUCATION PARTICULARLY BY THE ENCOURAGEMENT OF THE ART OF MUSIC WITH SPECIAL REFERENCE TO THE EDUCATION AND TRAINING OF YOUNG MUSICIANS, PUPILS WHO HAVE OR MAY DISCOVER MUSICAL GIFTS OR APTITUDE AND OTHER PERSONS LIKELY TO BENEFIT THEREFROM THE PRACTICE AND PROVISION OF MUSIC, MUSICAL STUDIES AND RESEARCH RELATING THERETO AND ANY OTHER MATTERS WHICH CAM BE ACHIEVED BY CHARITABLE MEANS FOR CHARITABLE OBJECTS RELATING TO THE CREATION ENCOURAGEMENT TEACHING AND PERFORMANCE OF MUSIC INCLUDING WITHOUT LIMITATION THE ACQUISITION AND PROVISION OF FACILITIES INSTRUMENTS SCORES AND OTHER MEANS OF PERFORMANCE AND STUDY AND PLACES FOR SUCH PURPOSES AND THE RAISING AND PROVISION OF FUNDS THEREFORE AND FOR THOSE CHARITABLE PURPOSES OF THE CENTRE FOR YOUNG MUSICIANS OR ANY ORGANISATION SUCCEEDING TO OR CARRYING ON ITS BUSINESS WHICH THE DIRECTORS OF THE COMPANY CONSIDER IT PROPER TO ASSIST

Defined Area of Benefit:

NOT DEFINED

Data Sources