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Drake Music Project Northern Ireland

Northern Ireland charity NIC100348 · record on the register of charities in Northern Ireland (CCNI) · accounts PDF · all Northern Ireland charities

Latest income
£150k
Latest spending
—
Accounts read
FY2025

Website: www.drakemusicni.com

Financial health, per FY2025 accounts

The accounts state that the charity reported a net surplus of £2,210 for the year ended 31 March 2025, with total unrestricted funds increasing to £52,216. The trustees maintain a designated contingency reserve of £16,000 within the unrestricted fund balance to mitigate future contingencies.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000
“One employee received employee benefits of more than £60,000 during the year” — page 15
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 1
“One employee received employee benefits of more than £60,000 during the year” — page 15
Per FY2025 accounts as filed with CCNI.
Reserves policy: £16,000 contingency reserve (held: £52k)
“The company maintains a separate contingency reserve of £16,000 within the Unrestricted Fund Balance to mitigate any future contingencies that may crystalize.” — page 17
Per FY2025 accounts as filed with CCNI.
Independent examiner: MJM McLOUGHLIN LLP
Per FY2025 accounts as filed with CCNI.
Register data and accounts from the Charity Commission for Northern Ireland, used under the Open Government Licence. Automated analysis; the filed accounts are authoritative.