LEAMINGTON MUSIC
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves fell to £31,396, a depletion of over £26,000 from the previous year, following a total deficit of nearly £50,000 for the financial year. The trustees acknowledged that this low level of reserves indicated an urgent need to review financial practices to ensure future sustainability. Despite the deficit, the trustees expressed a reasonable expectation that income would be forthcoming and confirmed the charity is able to continue as a going concern.
What the accounts disclose
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £140k | £138k |
| 31/07/2024 | £176k | £151k |
| 31/07/2023 | £132k | £182k |
| 31/07/2022 | £165k | £174k |
| 31/07/2021 | £81k | £73k |
Common questions
Is LEAMINGTON MUSIC financially healthy?
The accounts state that unrestricted reserves fell to £31,396, a depletion of over £26,000 from the previous year, following a total deficit of nearly £50,000 for the financial year. The trustees acknowledged that this low level of reserves indicated an urgent need to review financial practices to ensure future sustainability. Despite the deficit, the trustees expressed a reasonable expectation that income would be forthcoming and confirmed the charity is able to continue as a going concern. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARDEOLA CHARITABLE TRUST | 1 | £1.8m |
| THE NISBET TRUST | 1 | £325k |
| THE ANCHOR SOCIETY CIO | 1 | £32k |
| THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANS | 1 | £27k |
| JOHN JAMES BRISTOL FOUNDATION | 1 | £18k |
| LILIAN FRANCES HIND BEQUEST (TRUSTEES OF LADY HIND) | 1 | £15k |
| THE BEAVERBROOK FOUNDATION | 1 | £15k |
| KUSUMA TRUST UK | 1 | £10k |