MILAP FESTIVAL TRUST
Milap Festival Trust is a National Indian Arts Development Trust working nationally to develop, promote and support Indian arts and culture through an annual programme of music, dance, theatre and regular & extensive educational work. A particular focus of the trust is to support the professional development of young British musicians and dancers through two national orchestras, Samyo & Tarang.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £66,085 for the year, resulting in total unrestricted funds decreasing from £263,309 to £202,224. The trustees note that expenditure exceeded income and continue to monitor the financial position closely amidst a challenging funding environment. Despite this, the organization remains solvent with no liabilities due after more than one year.
What the accounts disclose
Funders the charity credits
- Liverpool City Council
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- ALFRED GATFIELD
- Dr GEETA NAYAK
- HAE-KYUNG UM
- Kenneth William Baird
- Mayoor Patel BCA
- RAVI NAGPAUL
- REKHA GATFIELD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £527k | £593k |
| 31/03/2024 | £542k | £566k |
| 31/03/2023 | £494k | £442k |
| 31/03/2022 | £477k | £401k |
| 31/03/2021 | £478k | £365k |
Common questions
Is MILAP FESTIVAL TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £66,085 for the year, resulting in total unrestricted funds decreasing from £263,309 to £202,224. The trustees note that expenditure exceeded income and continue to monitor the financial position closely amidst a challenging funding environment. Despite this, the organization remains solvent with no liabilities due after more than one year. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| VAUGHAN WILLIAMS FOUNDATION | 2 | £7k |
| JOHN SWIRE 1989 CHARITABLE TRUST | 1 | £76k |
| THE TAIT MEMORIAL TRUST | 1 | £28k |
| THE COLYER-FERGUSSON CHARITABLE TRUST | 1 | £15k |
| MARIA BJORNSON MEMORIAL FUND | 1 | £15k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 1 | £13k |
| WILFRID AND CONSTANCE CAVE FOUNDATION | 1 | £11k |
| THE A M CHARITABLE TRUST | 1 | £10k |
Charities like this
- THE MATHIESON MUSIC TRUST
- DARBAR ARTS CULTURE AND HERITAGE TRUST
- TWO MOORS FESTIVAL LIMITED
- THE LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD LIMITED
- THE TILLETT TRUST
- DEAL MUSIC AND ARTS LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MILAP FESTIVAL TRUST | £527k | — | 0 | unclear | — | no doubt |
| THE MATHIESON MUSIC TRUST | £143k | — | 0 | below | — | noted |
| DARBAR ARTS CULTURE AND HERITAGE TRUST | £1.3m | — | 0 | above | — | no doubt |
| TWO MOORS FESTIVAL LIMITED | £229k | — | 0 | unclear | — | no doubt |
| THE LLANGOLLEN INTERNATIONAL MUSICAL EISTEDDFOD LIMITED | £1.5m | Under £60,000 | 0 | below | — | no doubt |
| THE TILLETT TRUST | £241k | — | 0 | above | — | no doubt |