POINT ONE PROJECT
We provide a central hub for the UK music sector.We receives one-off and annual donations and, in some cases, a commitment to contribute a minimum of 0.1% of turnover or profit per year to ensure continued support for the for the sector.All funds raised are invested into initiatives which aim to improve the mental health and well-being of individuals working in the UK music sector.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £18,457 for the year ended 31 March 2025, with total funds increasing to £11,760 from a deficit of £6,697 in the prior year. Per the trustees' report, the charity is in its early setup phase and its going concern status depends on securing further income to complete its planned survey projects. The charity holds £160 in unrestricted reserves, which the trustees note is below their policy target of covering fixed overhead costs for 12 months.
What the accounts disclose
“A principal income source was that of unrestricted corporate donations, received as below: - SJM Limited £10,000 (April 2024) - Howden Group £10,000 (August 2024) - Live Nation £10,000 (November 2024)” — page 8
“The CIO always aims to be in a position to cover its fixed overhead costs as they fall due for at least the following 12 months. The CIO is not quite at that stage yet, at it is still in the early phase of its activity, and continues to seek donations and grow reserves so it can achieve operation in line with this policy. General free reserves at the balance sheet date amounted to £160 (2024 - (£6,697)).” — page 9
“The trustees consider the CIO to be a going concern based on year-end reserves, project pipeline, and funding prospects for 2025/26. This assessment depends on securing further income to complete Phase One and progress Phase Two of this project, which the trustees are more than confident of closing out with the CIO's current pipeline.” — page 8
Trustees
- Justin Lee Coghlan
- Richard Salmon
- Ryan Keen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £50k | £32k |
| 31/03/2024 | £10k | £4k |
| 31/03/2023 | £0 | £4k |
| 31/03/2022 | £0 | £8k |
Common questions
Is POINT ONE PROJECT financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus of £18,457 for the year ended 31 March 2025, with total funds increasing to £11,760 from a deficit of £6,697 in the prior year. Per the trustees' report, the charity is in its early setup phase and its going concern status depends on securing further income to complete its planned survey projects. The charity holds £160 in unrestricted reserves, which the trustees note is below their policy target of covering fixed overhead costs for 12 months. Its FY2025 accounts were independently examined.