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NEWHAM MUSIC TRUST

Registered charity 1050105 · accounts filings on the Charity Commission register · also known as NEWHAM ACADEMY OF MUSIC, SOUNDSCAPE

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Latest income
£1.4m
Latest spending
£1.5m
Registered
1995
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total income for the year was £1,434,748 against total expenditure of £1,493,732, resulting in a net decrease in funds of £58,984. Per the trustees' report, unrestricted reserves stood at £580,954, which is below the stated policy target of approximately six months of expenditure. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Highest-paid employee band: £70,001 - £80,000 — above the median for charities its size (£70k)
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: Year Ended 31.8.25 1 £70,001 - £80,000” — page 20
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: Year Ended 31.8.25 1” — page 20
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: approximately six months of expenditure (held: £581k)
“The trustees consider that, given the nature of the charitable company's work, the level of reserves should be equal to approximately six months of expenditure.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Xeinadin Audit Limited. Discloses 6 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£1.4m
Total spending
£1.5m
Cost of raising funds
£31k
Reserves (reported)
£433k
Employees
78

Reported reserves equal ~3.5 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Newham

Income and spending

Financial year endIncomeSpending
31/08/2025£1.4m£1.5m
31/08/2024£1.9m£1.8m
31/03/2023£750k£760k
31/07/2022£1.3m£1.2m
31/07/2021£1.2m£989k

Common questions

Is NEWHAM MUSIC TRUST financially healthy?

The accounts state that total income for the year was £1,434,748 against total expenditure of £1,493,732, resulting in a net decrease in funds of £58,984. Per the trustees' report, unrestricted reserves stood at £580,954, which is below the stated policy target of approximately six months of expenditure. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Xeinadin Audit Limited.

What does the highest-paid employee of NEWHAM MUSIC TRUST earn?

Per its FY2025 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund09/02/2022£24k"Olympics 2012 Legacy Songbook"
The National Lottery Heritage Fund23/02/2021£10k"NL20: Newham's Shops Docks and Factories - A Musical Celebration"