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NORTH WEST MUSIC ACADEMY LIMITED

Registered charity 1174325 · accounts filings on the Charity Commission register · also known as NORTH WEST MUSIC AND ARTS ACADEMY LIMITED, NWMAA

Music/Arts Education

Causes: Education/training · Arts/culture/heritage/science · Recreation · Get email alerts

Latest income
£92k
Latest spending
£84k
Registered
2017
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £45,566, which is below the trustees' stated policy target of three months' cover of core costs. The charity holds significant long-term liabilities of £178,667, primarily a property loan, while maintaining a net asset position of £58,856.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months' cover of core costs (held: £46k)
“unrestricted general funds, excluding designated funds, are required to be at least equal to 3 months’ cover of core costs to be held in the form of cash at bank.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: LA Faulkner is the owner of South Lakes Rock School and paid £21,132 to the charity for room hire.
“LA Faulkner is the owner of South Lakes Rock School and paid £21,132 to the charity for room hire.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £200k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cumbria

Income and spending

Financial year endIncomeSpending
30/11/2025£92k£84k
30/11/2024£76k£39k
30/11/2023£50k£28k
30/11/2022£0£0
30/11/2021£0£0

Common questions

Is NORTH WEST MUSIC ACADEMY LIMITED financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £45,566, which is below the trustees' stated policy target of three months' cover of core costs. The charity holds significant long-term liabilities of £178,667, primarily a property loan, while maintaining a net asset position of £58,856. Its FY2024 accounts were independently examined.