MUSIC IN MAYFIELD LIMITED
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased by £7,304 to £35,367, a figure the trustees consider satisfactory and aligned with their aim to maintain reserves at £35,000. The trustees report that assets are sufficient to meet obligations and that systems are in place to mitigate major risks. The charity was entitled to exemption from audit under the small companies regime.
What the accounts disclose
“It is the aim of the trustees to maintain the unrestricted reserves at £35,000”
Corporate structure
- Registered company of the charity Companies House 03657416
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £25k | £37k |
| 31/10/2024 | £143k | £136k |
| 31/10/2023 | £24k | £22k |
| 31/10/2022 | £88k | £90k |
| 31/10/2021 | £36k | £32k |
Common questions
Is MUSIC IN MAYFIELD LIMITED financially healthy?
The accounts state that unrestricted reserves increased by £7,304 to £35,367, a figure the trustees consider satisfactory and aligned with their aim to maintain reserves at £35,000. The trustees report that assets are sufficient to meet obligations and that systems are in place to mitigate major risks. The charity was entitled to exemption from audit under the small companies regime. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £250k |
| THE SACKLER TRUST | 1 | £50k |
| THE SIR JOHN RITBLAT FAMILY FOUNDATION | 1 | £5k |