SOUTH POWYS YOUTH MUSIC
To advance music education for the benefit of children and young people in Brecon and Radnorshire (the area of benefit) by encouraging an appreciation of music making and to develop skills which will empower them to fulfil their personal and musical potential on an individual basis and to enable them to produce ensemble performances of musical excellence.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a deficit of £21,120 for the year, driven by expenses that included delayed invoices from a tutor and bus hire costs. Despite this deficit, the trustees report that the charity maintains a healthy reserve of £35,020 moving into the next financial year. The trustees have also approved new financial policies, including a specific reserves policy, with the intention of reducing reserves to a more appropriate level of £25-30k over the next couple of years.
What the accounts disclose
Trustees
- Melanie Newtonchair
- Fiona Corbett
- John Barnabas Sampson
- Sally Martineau
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £36k | £58k |
| 31/08/2024 | £50k | £51k |
| 31/08/2023 | £46k | £50k |
| 31/08/2022 | £31k | £27k |
| 31/08/2021 | £7k | £8k |
Common questions
Is SOUTH POWYS YOUTH MUSIC financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a deficit of £21,120 for the year, driven by expenses that included delayed invoices from a tutor and bus hire costs. Despite this deficit, the trustees report that the charity maintains a healthy reserve of £35,020 moving into the next financial year. The trustees have also approved new financial policies, including a specific reserves policy, with the intention of reducing reserves to a more appropriate level of £25-30k over the next couple of years.