ISLINGTON MUSIC WORKSHOP LIMITED
Community education and training for the sound and recording industries.
Objects
1. TO ADVANCE THE EDUCATION OF THE PUBLIC AND IN PARTICULAR SOCIALLY AND PHYSICALLY DISADVANTAGED PERSONS RESIDING OR EMPLOYED IN THE ISLINGTON AREA. 2. TO PROVIDE FACILITIES FOR RECREATION AND OTHER LEISURE TIME ACTIVITIES IN THE INTERESTS OF SOCIAL WELFARE FOR THE SAID PERSONS RESIDENT OR EMPLOYED IN THE AREA OF BENEFIT.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £28,827 for the year ended 31 March 2025, resulting in a decrease in total net assets from £1,752,493 to £1,723,666. The trustees note that the charity is well placed to pursue sustained recovery and restructuring, citing strong financial management and a robust strategic plan. The charity operates a defined contribution pension scheme and has no disclosed pension deficit.
What the accounts disclose
“The board has established the level of reserves (that is those funds that are freely available) that the charity ought to have. Reserves are needed to bridge the funding gaps between spending on the course programme and receiving funds through charges and contract fees that provide funding. In addition,IMW reserves strategy includes the following provisions: winding up the affairs of the organisation including outstanding creditors, salaries and redundancy costs in the sum of £100,000 and an equipment replacement fund of £100,000.The balance of reserves is represented by a resilience and recovery fund and normal working capital balances.” — page 5
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Trustees
- WILFRED SULLIVANchair
- ELVIS DONKOR
- MARY ELIZABETH ZINOVIEFF
- SHERYLL BEVERLEY CATTO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £288k | £316k |
| 31/03/2024 | £329k | £277k |
| 31/03/2023 | £207k | £263k |
| 31/03/2022 | £61k | £169k |
| 31/03/2021 | £86k | £157k |
Common questions
Is ISLINGTON MUSIC WORKSHOP LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £28,827 for the year ended 31 March 2025, resulting in a decrease in total net assets from £1,752,493 to £1,723,666. The trustees note that the charity is well placed to pursue sustained recovery and restructuring, citing strong financial management and a robust strategic plan. The charity operates a defined contribution pension scheme and has no disclosed pension deficit. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GEOFFREY AND PAULINE MARTIN TRUST | 1 | £32k |
| THE HARDING TRUST | 1 | £25k |
| EDWARDS FAMILY CHARITABLE TRUST | 1 | £22k |
| THE THOMAS FARR CHARITY | 1 | £20k |
| THE JONES 1986 CHARITABLE TRUST | 1 | £20k |
| CECIL PILKINGTON CHARITABLE TRUST | 1 | £16k |
| THE SCOPS ARTS TRUST | 1 | £3k |
| MISS E F RATHBONE CHARITABLE TRUST | 1 | £3k |
Charities like this
- COMMUNITY MUSIC LIMITED
- HARDWAY ELSON & DISTRICTS COMMUNITY ASSOCIATION
- Gwasanaeth Cerdd Ysgolion Gwynedd a Môn
- EARLY MUSIC AS EDUCATION
- WOLVERHAMPTON MOSQUE TRUST
- NEPHRA GOOD NEIGHBOURS CHARITABLE INCORPORATED ORGANISATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ISLINGTON MUSIC WORKSHOP LIMITED | £288k | — | 0 | above | — | no doubt |
| COMMUNITY MUSIC LIMITED | £194k | — | 0 | unclear | — | no doubt |
| HARDWAY ELSON & DISTRICTS COMMUNITY ASSOCIATION | £173k | — | 0 | unclear | — | no doubt |
| Gwasanaeth Cerdd Ysgolion Gwynedd a Môn | £1.0m | — | 0 | above | — | no doubt |
| EARLY MUSIC AS EDUCATION | £137k | — | 0 | within | — | no doubt |
| WOLVERHAMPTON MOSQUE TRUST | £318k | Under £60,000 | 0 | below | — | no doubt |