OXFORD CONTEMPORARY MUSIC
OCM aims to promote high quality new music for a wide range of local and national audiences by staging and promoting performances, commissioning new work, and by deepening understanding and appreciation of musical cultures from within the UK and worldwide.
Financial health, per its FY2025 accounts
The accounts state that the charity finished the financial year with a surplus of £18,173, resulting in total net assets of £143,726. The trustees consider the financial position satisfactory, noting that free reserves of £27,401 are sufficient to cover 3.5 months of projected winding-up costs, which aligns with the charity's policy target of holding between 3 and 5 months of operating costs. The charity has secured core funding from Arts Council England for four years, providing security for ongoing operations.
What the accounts disclose
“Arts Council England, South East NPO grant 189,201” — page 20
“The charity aims to hold cash reserves at the level of between 3 and 5 months of operating costs in order to cover fluctuations in cash flow and winding down costs in the circumstance that the charity ceases trading.” — page 11
“One Trustee received £330 in respect of artists fees. The transaction was at arms length. There was no other remuneration or other benefits from employment with the charity or a related entity which were received by the trustees.” — page 23
“One Trustee received £330 in respect of artists fees. The transaction was at arms length. There was no other remuneration or other benefits from employment with the charity or a related entity which were received by the trustees.” — page 23
Funders the charity credits
- PRS Foundation
- UK Centre for Ecology and Hydrology
Trustees
- Danielle Battigelli
- Dr Maria-Louiza Polymeropoulou
- Lisa Brionne-Gray
- Paul Whitty
- Richard Stephen Tooth
- Stuart Fowkes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £274k | £256k |
| 31/03/2024 | £248k | £274k |
| 31/03/2023 | £229k | £252k |
| 31/03/2022 | £242k | £222k |
| 31/03/2021 | £235k | £217k |
Common questions
Is OXFORD CONTEMPORARY MUSIC financially healthy?
Per its FY2025 accounts: The accounts state that the charity finished the financial year with a surplus of £18,173, resulting in total net assets of £143,726. The trustees consider the financial position satisfactory, noting that free reserves of £27,401 are sufficient to cover 3.5 months of projected winding-up costs, which aligns with the charity's policy target of holding between 3 and 5 months of operating costs. The charity has secured core funding from Arts Council England for four years, providing security for ongoing operations. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Oxford City Council | 21/12/2018 | £14k | Grant to Oxford Contemporary Music |
| The National Lottery Heritage Fund | 10/05/2017 | £7k | "The House of Sound" |
| Oxford City Council | 09/02/2017 | £10k | Grant to Oxford Contemporary Music |