What is the financial size of NOTTINGHAM MUSIC SERVICE?

NOTTINGHAM MUSIC SERVICE is classified as a large charity. In the latest financial year, they reported a total income of £1,094,305 and total expenditure of £1,094,835.

How does NOTTINGHAM MUSIC SERVICE allocate its spending?

For every pound spent, approximately 99.9% goes directly to charitable activities. The remaining 0.1% is spent on raising funds and administration. This is higher than the median for similar-sized charities (97.8%).

What is the workforce structure of NOTTINGHAM MUSIC SERVICE?

NOTTINGHAM MUSIC SERVICE employs 32 staff members and is supported by 0 volunteers.

Does NOTTINGHAM MUSIC SERVICE receive government funding?

Yes. Approximately 55.7% of their income comes from government grants or contracts.

Does NOTTINGHAM MUSIC SERVICE pay its trustees?

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

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NOTTINGHAM MUSIC SERVICE

#1153716

CIO•Large•Registered

www.nottinghammusichub.org.uk

Our vision is that all children and young people in nottingham have an inspiring and rewarding experience of making music with others. Our mission is to facilitate joyous, life-enhancing and confidence-building experiences that equip children and young people with perseverance, self belief and a life-long love of music.

Registered address

Labes House, 4 Waterway Street West, Nottingham, NG2 1NL

Latest HighlightsFY 2024

Income

All sources

£1,094,305

Expenditure

All activities

£1,094,835

Net Reserves

Unrestricted funds

£255,497

Total Assets

Gross assets

£1,182,627

Working Capital

Liquidity

£559,614

Benchmark Performance

Comparing against 8,683 similar large charities

Compare vs:

Reserve Runway

2.8 months

Median: 3.8 monthsAround typical

Income Growth (1yr)

0.4%

Median: 7.4%Around typical

Spending Efficiency

99.9%

Median: 97.8%Around typical

Income Concentration

83.7%

Median: 87.9%Around typical

Fundraising ROI

733.9x

Median: 19.2xTop quartile

Income Volatility

109.3%

Median: 20.6%Below typical

Self-Generated Income

38.5%

Median: 82.9%Around typical

3-Year Income CAGR

3.1%

Median: 7.8%Around typical

Efficiency & Health

Charitable Spending

99.9%

Fundraising Eff.

% income retained

733.9%

Governance Cost

% of expenditure

1.0%

Grant Making

% given away

Debt Ratio

% of assets

23.5%

Survival Ratio

Months of reserves

2.8 months

Income Profile

Donations & Legacies

% of income

61.5%

Government Reliance

% of income

55.7%

Largest Source

Primary income

Donations & Legacies

Diversification

HHI: 8373

Highly Concentrated

Trends

Income Growth (1yr)

Year over Year

0.4%↑

Income CAGR (3yr)

Compound growth

3.1%

Volatility

High Volatility

109.3%

Reserves Trend

Direction

Building

Governance

Employees

Staff count

Volunteers

Volunteer count

Volunteer Ratio

Per staff member

0:1

Revenue/Employee

Per head

£34,197

Trustee Benefits

Payments to trustees

High Earners

Earning over £60k

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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