THE INSTITUTE OF PROFESSIONAL SOUND
Supports those working in professional audio in an operational capacity within the media industry with training and personal development opportunities.
Financial health, per its FY2025 accounts
The accounts state that the charity maintained a healthy financial position with unrestricted reserves of £72,929, which the trustees consider sufficient to cover short-term needs and maintain operations. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified regarding going concern.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to a minimum of twelve month’s expenditure.” — page 5
Trustees
- Andrew Wilson
- David Carugo
- David Phillips
- Heather Winn
- Joao Valle
- MICHAEL JOHN FELTON MIPS
- MR JOHN WILLETT MIBS
- MR KEITH GRAHAM MIBS
- Mark Cheffins
- Michele Caruso
- SIMON JOHN BISHOP MIPS
- Simon Clark
- Thomas Curry
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £71k | £63k |
| 31/03/2024 | £88k | £96k |
| 31/03/2023 | £57k | £38k |
| 31/03/2022 | £47k | £27k |
| 31/03/2021 | £48k | £40k |
Common questions
Is THE INSTITUTE OF PROFESSIONAL SOUND financially healthy?
Per its FY2025 accounts: The accounts state that the charity maintained a healthy financial position with unrestricted reserves of £72,929, which the trustees consider sufficient to cover short-term needs and maintain operations. The trustees report that the charity has adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified regarding going concern. Its FY2025 accounts were independently examined.