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BROMLEY YOUTH MUSIC TRUST

Registered charity 1031590 · accounts filings on the Charity Commission register

Bromley Youth Music Trust is an independent music service nationally renowned for providing a very high quality comprehensive and inclusive instrumental and vocal music education to the young people of Bromley and surrounding areas, as well as providing opportunities for performance in a wide range of settings to enhance the musical understanding and appreciation of pupils and the wider community.

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Latest income
£1.8m
Latest spending
£1.6m
Registered
1994
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £624,576, which exceeds the stated policy target of three months of operating costs. The charity reported a net income surplus of £166,383 for the year, resulting in a solid cash buffer, although the Trustees noted that previous deficits required restructuring and that future funding structures have changed.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months of operating costs in unrestricted reserves (held: £625k)
“Under BYMT's Reserves Policy, the Trust is required to hold a minimum of three months of operating costs in unrestricted reserves” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: BYMT received grant income of £304,923 from SEL Music Education Limited, a related party by virtue of a trustee of BYMT also being a Director of SEL Music Education Limited.
“SEL Music Education Limited is a related party by virtue of the fact that a trustee of Bromley Youth Music Trust (BYMT) is also a Director of SEL Music Education Limited. During the year BYMT received grant income of £304,923 (2024 - none) which related to music grant funding from the Arts Council England. There were no outstanding balances due at the year end.” — page 33
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Affinia (Orpington). Discloses 5 of 6 completeness components.

Public fundraising profile: JustGiving — Bromley Youth Music Trust (matched by registered charity number).

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.8m
Total spending
£1.6m
Reserves (reported)
£625k
Employees
46

Reported reserves equal ~4.7 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bromley

Income and spending

Financial year endIncomeSpending
31/03/2025£1.8m£1.6m
31/03/2024£1.6m£1.7m
31/03/2023£1.7m£1.8m
31/03/2022£1.4m£1.5m
31/03/2021£1.5m£1.5m

Common questions

Is BROMLEY YOUTH MUSIC TRUST financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £624,576, which exceeds the stated policy target of three months of operating costs. The charity reported a net income surplus of £166,383 for the year, resulting in a solid cash buffer, although the Trustees noted that previous deficits required restructuring and that future funding structures have changed. Its FY2025 accounts were audited by Affinia (Orpington).

Who funds BROMLEY YOUTH MUSIC TRUST?

Funders whose own accounts filings name BROMLEY YOUTH MUSIC TRUST as a grant recipient include THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANS, THE HEADLEY TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANSFY2022£364kScholarships
THE HEADLEY TRUSTFY2024£30kTowards the Young Musicians Bursary Scheme.
THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANSFY2023£11kScholarships
THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANSFY2025£8kScholarship
THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANSFY2024£8kScholarships

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
The Barnes Fund1£336k
THE JOHN R. MURRAY CHARITABLE TRUST1£320k
THE UNDERWOOD TRUST1£75k
HAMPTON FUEL ALLOTMENT1£62k
Richmond Foundation1£50k
HUMPHREY RICHARDSON TAYLOR CHARITABLE TRUST1£33k
CURIOUS MINDS1£13k
THE SCOPS ARTS TRUST1£13k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with BROMLEY ARTS TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
BROMLEY YOUTH MUSIC TRUST£1.8m—0unclear—no doubt
BROMLEY ARTS TRUST FY2025£179k—0unclear—no doubt
MUSIC FOR YOUTH FY2025£686k——unclear—no doubt
THE JULIAN BREAM TRUST FY2025£125k—0unclear—no doubt
RICHMOND UPON THAMES MUSIC TRUST COMPANY LIMITED FY2025£1.8mmore than £60,0001unclear—no doubt
YOUTH MUSIC CENTRE FY2025£114k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.