SALEM ACADEMY OF MUSIC
Music education in all its aspects to young people, though not exclusively, to those who may be disadvantaged through economic or social background.
Financial health, per its FY2025 accounts
The accounts state that the charity held total unrestricted and restricted reserves of £13,725 as of 31 August 2025, representing a net incoming balance for the year. The filing confirms that the financial statements comply with the charity's trust deed and applicable law, with no material uncertainties or governance failures noted by the independent examiner.
What the accounts disclose
Trustees
- REVEREND VICTOR OKUSANYAchair
- Modupe Olubiyi
- SAULA OGUNKOYA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £46k | £36k |
| 31/08/2024 | £20k | £17k |
| 31/08/2023 | £10k | £7k |
| 31/08/2022 | £11k | £10k |
| 31/08/2021 | £10k | £7k |
Common questions
Is SALEM ACADEMY OF MUSIC financially healthy?
Per its FY2025 accounts: The accounts state that the charity held total unrestricted and restricted reserves of £13,725 as of 31 August 2025, representing a net incoming balance for the year. The filing confirms that the financial statements comply with the charity's trust deed and applicable law, with no material uncertainties or governance failures noted by the independent examiner. Its FY2025 accounts were independently examined.
Who funds SALEM ACADEMY OF MUSIC?
Funders whose own accounts filings name SALEM ACADEMY OF MUSIC as a grant recipient include CHARTERHOUSE-IN-SOUTHWARK, Newcomen Collett Educational Foundation.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| CHARTERHOUSE-IN-SOUTHWARK | FY2025 | £3k | |
| Newcomen Collett Educational Foundation | FY2025 | £2k | Grant to Organisation |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 06/07/2018 | £5k | Salem-Peckham Community Concert |
| The National Lottery Community Fund | 15/03/2017 | £3k | Salem Musical Concert |
| The National Lottery Community Fund | 29/09/2016 | £1k | Evening of Blissful Concert |