KINGS PLACE MUSIC FOUNDATION

Registered charity 1107839 · accounts filings on the Charity Commission register

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Latest income
£4.8m
Latest spending
£5.1m
Registered
2005
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity recorded an operational deficit of £325,649 for the year ended 31 March 2025, resulting in a decrease in unrestricted reserves to £186,818. The Trustees note that current reserves fall short of their stated policy target of three months of critical expenses (£375,000), but they have a reasonable expectation of continuing as a going concern supported by a principal funder's commitment to cover future deficits.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
Current level of reserves fell short of this policy and plans are in place to restore it in the short to medium term.
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Moore Kingston Smith LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£4.8m
Total spending
£5.1m
Reserves (reported)
£186k
Employees
62

Reported reserves equal ~0.4 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Islington

Income and spending

Financial year endIncomeSpending
31/03/2025£4.8m£5.1m
31/03/2024£5.2m£5.2m
31/03/2023£4.7m£4.7m
31/03/2022£3.8m£3.4m
31/03/2021£2.9m£3.1m

Common questions

Is KINGS PLACE MUSIC FOUNDATION financially healthy?

The accounts state that the charity recorded an operational deficit of £325,649 for the year ended 31 March 2025, resulting in a decrease in unrestricted reserves to £186,818. The Trustees note that current reserves fall short of their stated policy target of three months of critical expenses (£375,000), but they have a reasonable expectation of continuing as a going concern supported by a principal funder's commitment to cover future deficits. Its FY2025 accounts were audited by Moore Kingston Smith LLP.

Who funds KINGS PLACE MUSIC FOUNDATION?

Funders whose own accounts filings name KINGS PLACE MUSIC FOUNDATION as a grant recipient include PARABOLA FOUNDATION.

Shared trustees with funders

Register facts shown side by side: a person serves as trustee of both this charity and a funder whose accounts record grants to it. Shared trusteeship is lawful and common; well-run charities manage it through declared-interest procedures.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
PARABOLA FOUNDATIONFY2022£475k
PARABOLA FOUNDATIONFY2023£315k