Finance Score: -1

Governance Score: 9

Support Score: 4

Poor Liquidity: -1
Positive trading contribution: +2;Accounts filed more than 5 days late: -2 times

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +4

Overall GiG Score: 12

KINGS PLACE MUSIC FOUNDATION

KPMF OPERATES FROM KINGS PLACE, A MIXED USE DEVELOPMENT IN KING'S CROSS OPERATIONAL FROM OCT 2008.KPMF PROVIDES MUSIC SPACES FOR PERFORMANCE, REHEARSAL AND EDUCATIONAL ACTIVITIES FOCUSING ON MUSICAL PERFORMANCE.A SIGNIFICANT PART OF KPMF'S PROGRAMME AIMS TO INTRODUCE MUSIC TO THE WIDEST POSSIBLE AUDIENCE, PARTICULARLY CHILDREN ATTENDING LOCAL SCHOOLS, LOCAL RESIDENTS AND YOUTH ORGANISATIONS.

Analysis by Giving is Great

Positives:

More than half of total income was derived from trading and fees in the latest year
There have been no material income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/03/23		£4,664	£4,720	£-56	£0	£467	£449	1.1	109
31/03/22		£3,796	£3,391	£405	£0	£240	£37	0.1	38
31/03/21		£2,948	£3,103	£-156	£0	£118	£118	0.5	30
31/03/20	*	£5,215	£5,099	£116	£0	£273	£273	0.6	65
31/03/19	*	£5,165	£5,231	£-65	£0	£157	£157	0.4	67
31/03/18		£4,915	£4,875	£40	£1,168	£222	£222	0.5	122
31/03/17		£4,502	£4,635	£-132	£1,029	£183	£183	0.5	58
31/03/16		£4,146	£4,171	£-25	£1,046	£315	£315	0.9	66
31/03/15	*	£4,107	£4,294	£-187	£692	£340	£340	0.9	60
31/03/14		£3,476	£3,768	£-292	£274	£526	£526	1.7	62
31/03/13		£3,209	£3,562	£-352	£199	£818	£818	2.8	42
31/03/12		£4,305	£3,669	£636	£191	£1,170	£1,170	3.8	59
31/03/11		£3,325	£3,560	£-235	£223	£534	£534	1.8	56
31/03/10		£3,216	£3,523	£-307	£98	£769	£769	2.6	53
31/03/09	*	£3,418	£3,016	£402	£36	£1,076	£1,076	4.3	42
05/04/08		£761	£294	£467	£4	£674	£674	27.5	2
05/04/07		£11	£77	£-66	£0	£0	£0	n/a	0
05/04/06	*	£302	£29	£273	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 66%
Liabilities/Income: 20%
Unrestricted Funds/Total Funds: 96%
Reserves/Spending: 1.1 months
Net Current Assets/Spending: -0 months
Quick Ratio: 0.4

Asset Split ?

Established: 19 years

www.kingsplace.co.uk

info@kingsplace.co.uk

020 7520 1449

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Recreation

GiG Classification

Performing and visual arts

How it operates

Provides buildings/facilities/open space
Provides human resources
Provides services

Where it operates

Islington,

Who it helps

Children/Young People
The General Public/Mankind

Who works here?

109 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Esmee Fairbairn - Grant to Kings Place Music Foundation
£5,000	06/07/2020 1	Towards the organisation continuing to operate in the wake of COVID-19, noting the emergency Save Kings Place appeal
DCMS - CRF KP
£562,000	01/04/2020	To support Arts and Culture throughout England
DCMS - Kings Place Culture Recovery Fund2
£335,000	01/04/2020	To support Arts and Culture throughout England

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Based on 6/7 persons

Age Range of Trustees: 40-76

SHELLEY THURMAN TWITCHIN Appointed: 2021, Occupation: Bursar

MARTIN COLLINS Appointed: 2023, Occupation: Executive Director

PENNY JONAS Appointed: 2023, Occupation: Consultant

JENNIFER MITCHELL Appointed: 2019, Occupation: General Manager

ANNE DEBORAH MILLICAN Appointed: 2007, Occupation: Company Director, Other trusteeship: PARABOLA FOUNDATION,

DEBORAH JUDE Appointed: 2019, Occupation: Lawyer, Other trusteeship: PARABOLA FOUNDATION,

PETER JOHN MILLICAN (Chair) Appointed: 2012, Occupation: Company Director, Other trusteeships: POVERTY RELIEF FOUNDATION LIMITED, PARABOLA FOUNDATION,

Legal constitution

Charitable company registered in England & Wales on 27/01/2005, number: 1107839
Registered at Companies House on 12/01/2005, number: 05330318

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

18 returns made; AR20: 9 days late, AR19: 6 days late, AR15: 349 days late, AR09: 6 days late, AR06: 1 days late,

Main office

Kings Place Music Foundation
Kings Place (Music Base)
90 York Way
LONDON
N1 9AG

Objectives

FOR THE BENEFIT OF THE PUBLIC TO PROMOTE KNOWLEDGE AND APPRECIATION OF THE ARTS AND IN PARTICULAR THE ART OF MUSIC.

Defined Area of Benefit:

NOT DEFINED.

Data Sources