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INNER CITY MUSIC LIMITED

Registered charity 516351 · accounts filings on the Charity Commission register

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Latest income
£3.1m
Latest spending
£3.1m
Registered
1985
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted funds are in a negative position of £1,726 following a prior period VAT adjustment, while total unrestricted funds stand at £31,403. The charity relies on commercial surpluses from its trading subsidiary to cover a charitable deficit of £679k, resulting in a net asset position of £4,593,806.

What the accounts disclose

Reserves policy: three months’ core expenditure (held: £31k)
“The company undertakes to maintain reserves to the value of three months’ core expenditure against the costs of maintaining the staff team and company assets, principally being the property known as 'Band on the Wall'.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grace Sharp, daughter of CEO, employed by company
“Related Party Transactions Grace Sharp, the daughter of the Chief Executive Officer, was employed by the company during the year. Her total remuneration was £12,631.”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Band on the Wall Trading Limited
“The investment above represents the whole of the issued share capital of Band on the Wall Trading Limited, a company incorporated in England and Wales (Company No 09412259).” — page 26
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Mitchell Charlesworth (Audit) Limited. Discloses 4 of 6 completeness components.

Corporate structure

Structured financials (annual return, FY ending 31/03/2025)

Total income
£3.1m
Total spending
£3.1m
Cost of raising funds
£1.5m
Reserves (reported)
£31k
Employees
75

Reported reserves equal ~0.1 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£3.1m£3.1m
31/03/2024£3.0m£3.1m
31/03/2023£2.7m£2.4m
31/03/2022£3.7m£1.3m
31/03/2021£1.6m£851k

Common questions

Is INNER CITY MUSIC LIMITED financially healthy?

The accounts state that unrestricted funds are in a negative position of £1,726 following a prior period VAT adjustment, while total unrestricted funds stand at £31,403. The charity relies on commercial surpluses from its trading subsidiary to cover a charitable deficit of £679k, resulting in a net asset position of £4,593,806. Its FY2025 accounts were audited by Mitchell Charlesworth (Audit) Limited.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund22/02/2024£228k"World of Songs - New Migrant Heritage & Manchester's Music"
The National Lottery Heritage Fund07/12/2017£1.6m"Keep on Moving: the music and stories of ManchesterÂ’s migrant communities"
The National Lottery Heritage Fund22/04/2015£10k"Manchester Ballads A contemporary celebration of Manchester folk songs from the Industrial Revolution"
The National Lottery Heritage Fund01/09/2009£9k"SoundRoutes"
The National Lottery Heritage Fund07/06/2007£720k"Band on the Wall: Space for Music Project"