THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED
Musical education and orchestral training
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves have decreased to £56,521 from £56,287 in the prior year, following a net expenditure of £234. The trustees report that a previous financial gift used to cover deficits has been fully spent, and they have agreed not to draw down further reserves, resulting in a reduced budget for the upcoming season to ensure financial viability.
What the accounts disclose
“The focus for the immediate future is to make the annual programme budget balance going forward into the next financial year. A significant financial gift had previously allowed us to plug the annual deficit and avoid passing the full cost on to members’ families. The gift has now been spent down, and the Trustees have agreed to not eat any further into our reserves.”
Trustees
- BARRY JAMES HODGSON
- Edward Woodhead
- Helen Jean McHugh
- Helen Lyon
- JAMES WILLIAM MERLIN HODGSON
- Janet Sarah Walmsley
- Jayne Hindle
- Thomas Stephen Hetherington
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £79k | £78k |
| 31/08/2024 | £98k | £134k |
| 31/08/2023 | £74k | £84k |
| 31/08/2022 | £85k | £103k |
| 31/08/2021 | £55k | £58k |
Common questions
Is THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves have decreased to £56,521 from £56,287 in the prior year, following a net expenditure of £234. The trustees report that a previous financial gift used to cover deficits has been fully spent, and they have agreed not to draw down further reserves, resulting in a reduced budget for the upcoming season to ensure financial viability. Its FY2025 accounts were independently examined.
Who funds THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED?
Funders whose own accounts filings name THE FRIENDS OF THE CITY OF SHEFFIELD YOUTH ORCHESTRA LIMITED as a grant recipient include DR RADCLIFFE'S TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| DR RADCLIFFE'S TRUST | FY2025 | £3k | CSYO 24-25 Bursary Scheme |