Wise Music Foundation

Registered charity 1014942 · accounts filings on the Charity Commission register · also known as MUSIC SALES CHARITABLE TRUST

Providing financial support for people experiencing hardship, distress and illness, with a focus on children, the homeless and people living in poverty.

Objects

A)TO RELIEVE PERSONS IN CASES OF NEED HARDSHIP DISTRESS ILLNESS OR INFIRMITY B)TO FURTHER THE EDUCATION OF CHILDREN C)ANY CHARITABLE PURPOSE FOR THE BENEFIT OF THE INHABITANTS

Area of benefit: LONDON BURY ST EDMUNDS AND WHERESOEVER THE TRUSTEES IN THEI

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Disability · Overseas Aid/famine Relief · Religious Activities · website · Get email alerts

Latest income
£90k
Latest spending
£93k
Registered
1992
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity maintained a stable financial position with total funds increasing to £255,438 from £228,293 in the prior year. Unrestricted reserves stood at £6,438, while restricted funds remained at £249,000. The charity reported a net income of £27,145, driven by donations and investment income exceeding charitable expenditure.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Donations and legacies (80% of income)
“Donations and legacies 71,765”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

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

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£90k£93k
31/12/2023£90k£93k
31/12/2022£120k£112k
31/12/2021£102k£167k
31/12/2020£93k£69k

Common questions

Is Wise Music Foundation financially healthy?

Per its FY2024 accounts: The accounts state that the charity maintained a stable financial position with total funds increasing to £255,438 from £228,293 in the prior year. Unrestricted reserves stood at £6,438, while restricted funds remained at £249,000. The charity reported a net income of £27,145, driven by donations and investment income exceeding charitable expenditure. Its FY2024 accounts were independently examined.