IPSWICH COMMUNITY MEDIA AND LEARNING
We provide free sessions in music, media, creative arts, and language learning to hundreds of local people every week. Our mission is to challenge inequality by empowering people to transform their lives through learning and creativity. We are based in Westgate Ward in Ipswich, one of the most deprived and ethnically diverse wards in Suffolk.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves totalled £42,633, which is above the charity's stated policy target of approximately £35,000 (equivalent to six months of unrestricted running costs). The trustees consider that adequate resources continue to be available to fund the charity's activities for the foreseeable future, with no material uncertainties identified.
What the accounts disclose
“The principal source of income is grants and donations.” — page 9
“We intend to maintain our reserves at a level which is at least equivalent to 6 months unrestricted running costs to ensure the financial stability of the charity which is approximately £35,000.” — page 9
“For the year to 31 October 2024, ICM CIC recharged costs of £2,688 (2023:£3,485) to ICM&L CIO. The expenditure was recharged at cost, with no mark-up applied.” — page 37
“The charity has also been gifted shares from a Trustee at a market value of £Nil (2023: £249,925).” — page 37
“For the year to 31 October 2024, ICM CIC recharged costs of £2,688 (2023:£3,485) to ICM&L CIO. The expenditure was recharged at cost, with no mark-up applied.” — page 37
“The charity has also been gifted shares from a Trustee at a market value of £Nil (2023: £249,925).” — page 37
“For the year to 31 October 2024, ICM CIC recharged costs of £2,688 (2023:£3,485) to ICM&L CIO. The expenditure was recharged at cost, with no mark-up applied.” — page 37
“The charity has also been gifted shares from a Trustee at a market value of £Nil (2023: £249,925).” — page 37
Property (HM Land Registry)
Trustees
- Gulshanbir Kaur Kayembechair
- Alessandra De Laurentis
- Douglas Lewis Betts
- Eric Philbert
- Janet Mary Ingle
- Marius Daniel Banceanu
- Mayuri Chandravadan Patel
- Virginia Ann Shoesmith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £334k | £453k |
| 31/10/2024 | £418k | £392k |
| 31/10/2023 | £275k | £359k |
| 31/10/2022 | £288k | £236k |
| 31/10/2021 | £187k | £145k |
Common questions
Is IPSWICH COMMUNITY MEDIA AND LEARNING financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves totalled £42,633, which is above the charity's stated policy target of approximately £35,000 (equivalent to six months of unrestricted running costs). The trustees consider that adequate resources continue to be available to fund the charity's activities for the foreseeable future, with no material uncertainties identified. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 10/02/2023 | £10k | Future Sounds |