ISLINGTON MUSIC WORKSHOP LIMITED
Community education and training for the sound and recording industries.
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
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 KARLSSON JATIVA CHARITABLE FOUNDATION | 1 | £936k |
| THE PRUDENCE TRUST | 1 | £264k |
| THIRTY PERCY FOUNDATION | 1 | £251k |
| BARNWOOD TRUST | 1 | £242k |
| THE CHIMO TRUST CIO | 1 | £90k |
| THE NATIONAL FOUNDATION FOR YOUTH MUSIC | 1 | £30k |
| THE ALBERT AND EUGENIE FROST MUSIC TRUST CIO | 1 | £27k |
| THE RETA LILA HOWARD FOUNDATION | 1 | £20k |
Charities like this
- COMMUNITY MUSIC LIMITED
- Gwasanaeth Cerdd Ysgolion Gwynedd a Môn
- WOLVERHAMPTON MOSQUE TRUST
- THE EDLINGTON HILL TOP CENTRE ASSOCIATES
- NOTTINGHAM ARTS THEATRE LIMITED
- THE MUSIC WORKS (CHARITY)
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 |
| Gwasanaeth Cerdd Ysgolion Gwynedd a Môn | £1.0m | — | 0 | above | — | no doubt |
| WOLVERHAMPTON MOSQUE TRUST | £318k | Under £60,000 | 0 | below | — | no doubt |
| THE EDLINGTON HILL TOP CENTRE ASSOCIATES | £208k | — | 0 | unclear | — | no doubt |
| NOTTINGHAM ARTS THEATRE LIMITED | £370k | — | 0 | unclear | — | no doubt |