SOCO MUSIC PROJECT
SoCo Music Project supports wellbeing and progression through music. Our core activities include: supporting young people at risk of offending; working with children and young people with special educational needs/disabilities; providing activities for adults who are vulnerable through substance misuse and/or poor mental health. We also support creatives to connect/collaborate through networking.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £88,733 for the year, resulting in unrestricted funds falling into a deficit of £51,810. The trustees acknowledge cash flow challenges due to arrears in council payments but confirm adequate resources to continue operations until at least 2028 based on secured Arts Council funding.
What the accounts disclose
“Grants 157,407 140,555 297,962 264,156” — page 16
“Charity reserves have dropped below £40,000 due to cashflow challenges, and although a difficult area to fundraise for, we aim to grow these over the next 3 years, ideally to reach £80,000 by 2028.” — page 7
Corporate structure
- Registered company of the charity Companies House 06859322
Company officers (Companies House)
- BALAGADDE, Abigail Busenze on trustee list
- WHIBICKS, Laura Ann on trustee list
- MAPLE, Kate on trustee list
- WHITE, Ralph David not on trustee list
- BLACK, Lesley Jane, Dr not on trustee list
- KURN, Robert John Spencer on trustee list
- ACHARJEE, Sukanta on trustee list
- SALVAGE, Matthew James
Trustees
- Robert John Spencer Kurnchair
- Abigail Busenze Balagadde
- Kate Maple
- Laura Ann Whibicks
- Martin John Hanna
- Sukanta Acharjee
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £400k | £489k |
| 31/03/2024 | £413k | £402k |
| 31/03/2023 | £280k | £362k |
| 31/03/2022 | £355k | £263k |
| 31/03/2021 | £288k | £255k |
Common questions
Is SOCO MUSIC PROJECT financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £88,733 for the year, resulting in unrestricted funds falling into a deficit of £51,810. The trustees acknowledge cash flow challenges due to arrears in council payments but confirm adequate resources to continue operations until at least 2028 based on secured Arts Council funding. Its FY2025 accounts were independently examined.
Who funds SOCO MUSIC PROJECT?
Funders whose own accounts filings name SOCO MUSIC PROJECT as a grant recipient include THE NATIONAL FOUNDATION FOR YOUTH MUSIC.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE NATIONAL FOUNDATION FOR YOUTH MUSIC | FY2023 | £100k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 21/07/2023 | £10k | MH – We Make Music |
| UK government | 13/10/2022 | £172k | National Portfolio Organisations |
| UK government | 13/10/2022 | £172k | National Portfolio Organisations |