SOLENT MUSIC FESTIVAL
The Solent Music Festival presents an annual international classical music festival at St Thomas Church in Lymington. It also organises local musical projects involving the community.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £844 for the year ended 31 December 2024, resulting in unrestricted reserves of £23,962. The trustees note that this reserve level is below their stated policy target of approximately 12 months of unrestricted expenditure, which is estimated at £60,000 for the next 12 months. The filing confirms there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Trustees
- DAPHNE LORRAINE JOHNSTON
- Dr Julia Margaret Cundall Sargent
- Katherine Ann Spencer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £61k | £60k |
| 31/12/2023 | £55k | £59k |
| 31/12/2022 | £44k | £45k |
| 31/12/2021 | £48k | £49k |
| 31/12/2020 | £28k | £24k |
Common questions
Is SOLENT MUSIC FESTIVAL financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £844 for the year ended 31 December 2024, resulting in unrestricted reserves of £23,962. The trustees note that this reserve level is below their stated policy target of approximately 12 months of unrestricted expenditure, which is estimated at £60,000 for the next 12 months. The filing confirms there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.