KEY CHANGES: POSITIVE MENTAL HEALTH THROUGH MUSIC LIMITED
Key Changes provides music engagement and recovery services in hospitals and the community for young people and adults experiencing mental health difficulties. The charity was set up in 1997 at Highgate Mental Health Centre in North London. We now provide work in partnership with health and social care services across London and England providing support for 3,000 people a year.
Financial health, per its FY2025 accounts
The accounts state that total income for the year was £403,694 against total expenditure of £366,978, resulting in a net decrease in funds. The charity holds unrestricted reserves of £44,126, which exceeds its stated policy target of approximately £36,000.
What the accounts disclose
“the Board has agreed that free reserves should be maintained at a level equivalent to three months of core operating costs and one month of project delivery costs, which equates to approximately £36,000 at current activity levels.”
“During the year Adam Thomas had expenses to the value of £720 being reimbursed to cover training costs.” — page 39
Trustees
- ADAM THOMAS
- Elliott Jack
- Kelly McMinn
- MARK VINCENT
- Tanya Blacher
- Tanya Das
- Vivine Smith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £404k | £367k |
| 31/03/2024 | £437k | £441k |
| 31/03/2023 | £332k | £551k |
| 31/03/2022 | £490k | £423k |
| 31/03/2021 | £431k | £327k |
Common questions
Is KEY CHANGES: POSITIVE MENTAL HEALTH THROUGH MUSIC LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that total income for the year was £403,694 against total expenditure of £366,978, resulting in a net decrease in funds. The charity holds unrestricted reserves of £44,126, which exceeds its stated policy target of approximately £36,000. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 26/05/2023 | £10k | Key Changes 'Volunteering 4 Mental Health' Pop Up |
| The National Lottery Community Fund | 19/05/2023 | £124k | Studio Discovery |
| Postcode Lottery | 01/05/2023 | £15k | Unrestricted Funding |
| The National Lottery Community Fund | 28/02/2019 | £47k | Different Beats |
| The National Lottery Community Fund | 25/05/2018 | £10k | Young Music Leaders Programme |
| Greater London Authority | 04/02/2015 | £1k | Grant to Key Changes |
| The National Lottery Community Fund | 20/07/2005 | £5k | Mental Health Week Musical |