Southwest Arts And Music Project
Latest income
£465k
Latest spending
£763k
Accounts read
FY2026
Financial health, per FY2026 accounts
The accounts state that the charity generated a net deficit of £297,930 for the year ended 31 March 2026, resulting in total funds decreasing to £1,861,329. Per the trustees' report, unrestricted reserves stood at £261,391, which is below the stated policy target of approximately three months of unrestricted charitable expenditure. The trustees note that despite declining economic outlooks, they believe there are no material uncertainties affecting the charity's ability to continue as a going concern.
What the accounts disclose
Payments to trustees: The charity paid trustee remuneration of £4,000.
“During the year, the charity paid trustee remuneration of £4,000 (2025; £4,000).” — page 26
Per FY2026 accounts as filed with OSCR.
Related-party transaction: The charity provided goods and services worth £3,000 to South West Community Transport, a charity that shares a common trustee with Southwest Arts and Music Project.
“During the year, the charity provided goods and services worth £3,000 to South West Community Transport, a charity that shares a common trustee with Southwest Arts and Music Project.” — page 26
Per FY2026 accounts as filed with OSCR.
Related-party transaction: The charity received goods and services worth £669 from South West Community Transport, a charity that shares a common trustee with Southwest Arts and Music Project.
“During the year, the charity provided goods and services worth £3,000 to South West Community Transport, a charity that shares a common trustee with Southwest Arts and Music Project.” — page 26
Per FY2026 accounts as filed with OSCR.