DERBY MUSIC ASSOCIATION
Operating a Music School at one main centre and several satellite centres with ensembles and orchestras a choir, music and instrumental teaching, concerts and tours.
Financial health, per its FY2025 accounts
The accounts state that the charity maintains a minimum balance of approximately £80,000 to ensure smooth cash flow and cover potential losses. However, the trustees note that the charity is dependent on the Derbyshire Music Hub for its principal funding, with the scale of funding reflecting member numbers.
What the accounts disclose
“Reserves maintain a minimum of £55,000 in case of loss (particularly of uninsured music catalogue). In addition, a term’s costs are also kept in reserve to ensure smooth cash flow.”
“The charity is dependent on the Derbyshire Music Hub for funding. Scale of funding reflects member numbers.”
Register events
- Received assets from another charity (04/10/2024)
Trustees
- Conor Harron
- David Miles
- Emily Jones
- Kashmira Subramanian
- Kathryn Claire Ball
- Sophie McKenna
- Yoon Irons
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £82k | £66k |
| 31/07/2024 | £83k | £64k |
| 31/07/2023 | £51k | £52k |
| 31/07/2022 | £52k | £47k |
| 31/07/2021 | £33k | £34k |
Common questions
Is DERBY MUSIC ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity maintains a minimum balance of approximately £80,000 to ensure smooth cash flow and cover potential losses. However, the trustees note that the charity is dependent on the Derbyshire Music Hub for its principal funding, with the scale of funding reflecting member numbers. Its FY2025 accounts were audited by Derby Community Accountancy Service.