FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED(THE)

Company limited by guarantee

Company Registration Number:
01689619 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED(THE)

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED(THE)

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

The principle activity of the company continues to be to work for the advancement of the education of the public in appreciation of the art and science of music by aiding and fostering the orchestral training of young musicians from within the City of Sheffield and surrounding areas.



Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

B J Hodgson
J W M Hodgson
M E Anderson
J S Walmsley
H J McHugh
T S Hetherington
H T Lyon


The director shown below has held office during the period of
1 September 2023 to 17 December 2023

D Jellinek


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 December 2024

And signed on behalf of the board by:
Name: H T Lyon
Status: Director

FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED(THE)

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 97,057 73,698
Cost of sales: ( 129,162 ) ( 78,760 )
Gross profit(or loss): (32,105) (5,062)
Administrative expenses: ( 4,455 ) ( 5,331 )
Operating profit(or loss): (36,560) (10,393)
Interest receivable and similar income: 856 305
Profit(or loss) before tax: (35,704) (10,088)
Profit(or loss) for the financial year: (35,704) (10,088)

FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED(THE)

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets:   0 0
Total fixed assets: 0 0
Current assets
Debtors: 3 7,367 9,453
Cash at bank and in hand: 54,672 91,548
Total current assets: 62,039 101,001
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 5,252 ) ( 8,510 )
Net current assets (liabilities): 56,787 92,491
Total assets less current liabilities: 56,787 92,491
Total net assets (liabilities): 56,787 92,491
Members' funds
Profit and loss account: 56,787 92,491
Total members' funds: 56,787 92,491

The notes form part of these financial statements

FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED(THE)

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 15 December 2024
and signed on behalf of the board by:

Name: H T Lyon
Status: Director

The notes form part of these financial statements

FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Musical Instruments - 15% on cost Office Equipment - 25% on cost Music Stands - 15% on cost Trailer - 20% on cost Electrical Instruments - 25% on cost

FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Debtors

2024 2023
£ £
Trade debtors 4,344 3,153
Prepayments and accrued income 3,023 6,300
Total 7,367 9,453

FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED(THE)

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 1,403 0
Accruals and deferred income 3,849 8,510
Total 5,252 8,510