MUSIC FOR LIFE ACADEMY
Financial health, per its FY2023 accounts
The accounts state that the charity returned a net incoming resource of £340,968 for the year ended 31 March 2023, a significant improvement from the previous year's net outgoing resource. The trustees report that the charity's unrestricted reserves have been maintained at a level equivalent to between three and six months of expenditure, ensuring adequate resources to continue operations.
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 between three and six month's expenditure.” — page 5
Structured financials (annual return, FY ending 31/03/2023)
Register events
- Received assets from another charity (19/12/2023)
- Received assets from another charity (19/12/2023)
Trustees
- ROBERT HUNTER
- SUZANNE NELSON
- Sally Anne France
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £180k | £302k |
| 31/03/2024 | £146k | £317k |
| 31/03/2023 | £536k | £195k |
| 31/03/2022 | £198k | £205k |
| 31/03/2021 | £214k | £199k |
Common questions
Is MUSIC FOR LIFE ACADEMY financially healthy?
The accounts state that the charity returned a net incoming resource of £340,968 for the year ended 31 March 2023, a significant improvement from the previous year's net outgoing resource. The trustees report that the charity's unrestricted reserves have been maintained at a level equivalent to between three and six months of expenditure, ensuring adequate resources to continue operations. Its FY2023 accounts were audited by GMcG LISBURN.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HEY SMILE FOUNDATION | 1 | £7k |