Sinfonia Smith Square Foundation
SOUTHBANK SINFONIA FOUNDATION EXISTS TO SUPPORT THE WORK OF THE ORCHESTRA SOUTHBANK SINFONIA (REG NO.1092461) WHICH ITSELF TRANSFORMS GRADUATE MUSICIANS? PROSPECTS, GIVING THEM A VITAL SPRINGBOARD INTO THE PROFESSION. THE FOUNDATION FORTIFIES WHAT THE ORCHESTRA IS ABLE TO ACHIEVE, ENABLING IT TO FULFIL AMBITIOUS ARTISTIC PLANS, SAFEGUARDING THE VITAL ROLE IT PLAYS IN BRITAIN?S MUSICAL ECOLOGY.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £66,372 for the year, resulting in a decrease in total funds from £1,688,325 to £1,621,953. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future. The charity holds total unrestricted funds of £823,982 and restricted funds of £797,971 at the end of the period.
What the accounts disclose
“During 2023 the charity made a short-term loan of £ 130,000 to Sinfonia Smith Square. This loan was to assist with cash flow and is repayable on demand and no interest is charged on this loan. This was partially repaid during the year with an outstanding balance of £ 81,897 at year end.” — page 17
“During the year the charity received donations from Sinfonia Smith Square of £ 22,901 (2023: £ 16,419).” — page 17
“During 2023 the charity made a short-term loan of £ 130,000 to Sinfonia Smith Square. This loan was to assist with cash flow and is repayable on demand and no interest is charged on this loan. This was partially repaid during the year with an outstanding balance of £ 81,897 at year end.” — page 17
“During the year the charity received donations from Sinfonia Smith Square of £ 22,901 (2023: £ 16,419).” — page 17
“During 2023 the charity made a short-term loan of £ 130,000 to Sinfonia Smith Square. This loan was to assist with cash flow and is repayable on demand and no interest is charged on this loan. This was partially repaid during the year with an outstanding balance of £ 81,897 at year end.” — page 17
“During the year the charity received donations from Sinfonia Smith Square of £ 22,901 (2023: £ 16,419).” — page 17
Funders the charity credits
- EFG Private Bank
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Dr JOHN MICHAEL BERMAN CBE
- Dr Tracy Elisabeth Long CBE
- JULIUS PEREGRINE HAROLD SHEPHERD WOLFF-INGHAM
- Mary Cicely Florence Monfries
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £101k | £198k |
| 31/12/2023 | £93k | £232k |
| 31/12/2022 | £879k | £620k |
| 31/12/2021 | £51k | £627k |
| 31/12/2020 | £65k | £280k |
Common questions
Is Sinfonia Smith Square Foundation financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £66,372 for the year, resulting in a decrease in total funds from £1,688,325 to £1,621,953. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future. The charity holds total unrestricted funds of £823,982 and restricted funds of £797,971 at the end of the period. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BRITISH RECORD INDUSTRY TRUST | 1 | £1.6m |
| THE TRUANTS FOUNDATION | 1 | £554k |
| POWER TO CHANGE TRUST | 1 | £400k |
| THE PILGRIM TRUST | 1 | £150k |
| The Lord Leonard and Lady Estelle Wolfson Foundation | 1 | £100k |
| THE BAND TRUST | 1 | £85k |
| PAUL HAMLYN FOUNDATION | 1 | £85k |
| CHK Foundation | 1 | £30k |
Charities like this
- UNIVERSAL MUSIC UK SOUND FOUNDATION
- BERKHAMPSTEAD SCHOOL (CHELTENHAM) TRUST LIMITED
- LIBURY HALL
- THE SAID FOUNDATION
- NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED
- CITY ARTS (NOTTINGHAM) LTD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Sinfonia Smith Square Foundation | £101k | — | 0 | unclear | — | no doubt |
| UNIVERSAL MUSIC UK SOUND FOUNDATION | £370k | — | 0 | unclear | — | no doubt |
| BERKHAMPSTEAD SCHOOL (CHELTENHAM) TRUST LIMITED | £5.4m | — | — | below | — | no doubt |
| LIBURY HALL | £2.2m | £60,000 - £70,000 | 1 | unclear | — | no doubt |
| THE SAID FOUNDATION | £5.0m | — | — | unclear | — | no doubt |
| NORTH LONDON PARTNERSHIP CONSORTIUM LIMITED | £368k | — | 0 | unclear | — | no doubt |