INCORPORATED SOCIETY OF MUSICIANS TRUST
The ISM Trust delivers professional development to the music sector through webinars, seminars, events and partnerships with leading charities and organisations. It develops innovative resources for music professionals, covering a wide range of topics from performance anxiety and legal essentials to primary singing and musical understanding.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £5.4k for the year ended 31 August 2025, following a significant 49.7% decrease in total income. However, unrestricted reserves stood at £89.6k, which the trustees note remains well above their policy target of four months of expenditure.
What the accounts disclose
“The ISM Trust’s reserves policy ensures that normal operations can continue for up to four months in the event of an income shortfall.” — page 8
Trustees
- Bushra El-Turk
- Danielle Howard
- Deborah Keyser
- Dr Alexander Horowitz
- Dr Kirsty Devaney
- Dr Paul Edlin
- Dr Rhiannon Mathias
- Eugene Monteith
- Gabriella Swallow
- IVOR CHARLES LEO FLINT
- Jeremy Huw Williams BEM PhD
- PROFESSOR DAVID JOHN SMITH
- Pauline Black
- Peter Nicolas Chisholm
- Professor CHRIS COLLINS
- Stephen Goss
- Vicki Louise Bain
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £43k | £49k |
| 31/08/2024 | £86k | £56k |
| 31/08/2023 | £70k | £57k |
| 31/08/2022 | £17k | £55k |
| 31/08/2021 | £59k | £51k |
Common questions
Is INCORPORATED SOCIETY OF MUSICIANS TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit of £5.4k for the year ended 31 August 2025, following a significant 49.7% decrease in total income. However, unrestricted reserves stood at £89.6k, which the trustees note remains well above their policy target of four months of expenditure. Its FY2025 accounts were independently examined.