KINGS PLACE MUSIC FOUNDATION
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
“Current level of reserves fell short of this policy and plans are in place to restore it in the short to medium term.”
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- PETER JOHN MILLICANchair
- Deborah Jude
- Jennifer Mitchell
- Jenny Fiona Goldie-Scot
- Martin Collins
- Penny Jonas
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
- Deborah Jude — trustee here and at PARABOLA FOUNDATION
- PETER JOHN MILLICAN — trustee here and at PARABOLA FOUNDATION
Known funders
| Funder | Year | Amount |
|---|---|---|
| PARABOLA FOUNDATION | FY2022 | £475k |
| PARABOLA FOUNDATION | FY2023 | £315k |