Finance Score: 5

Governance Score: 6

Support Score: 10

Strong growth: +2
Fundraising costs low: +3

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

Grant maker support: +10

Overall GiG Score: 21

WORLD HEART BEAT MUSIC ACADEMY LTD

ADVANCE THE EDUCATION OF STUDENTS BY PROVIDING AND ASSISTING IN THE PROVISION OF FACILITIES FOR EDUCATION IN MUSIC

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
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

Established: 13 years

www.worldheartbeat.org

info@worldheartbeat.org

07973631203

Charity Commission for England and Wales

Tweets

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	Volun- teers
31/08/22	£3,093	£785	£2,308	£110	£3,241	£282	4.3	10	6
31/08/21	£910	£794	£116	£52	£619	£314	4.7	6	11
31/08/20	£720	£582	£138	£70	£504	£134	2.8	5	4
31/08/19	£578	£500	£79	£20	£365	£71	1.7	5	6
31/08/18	£444	£294	£150	£0	£0	£0	n/a	0	5
31/08/17	£243	£297	£-54	£0	£0	£0	n/a	0	0
31/08/16	£285	£269	£16	£0	£0	£0	n/a	0	0
31/08/15	£258	£209	£49	£0	£0	£0	n/a	0	0
31/08/14	£176	£155	£21	£0	£0	£0	n/a	0	0
31/08/13	£114	£85	£30	£0	£0	£0	n/a	0	0
31/08/12	£49	£41	£8	£0	£0	£0	n/a	0	0
31/08/11	£11	£0	£11	£0	£0	£0	NAN	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 3.6%
Fundraising Costs/Total Spending: 14%
Senior Staff Costs/Total Spending: 23%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 8%
Liabilities/Income: 9%
Unrestricted Funds/Total Funds: 9%
Reserves/Spending: 4.3 months
Net Current Assets/Spending: 6 months
Quick Ratio: 1.3

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Wandsworth,

Who it helps

Children/Young People

Who works here?

10 employees
6 volunteers

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.

Major supporters in last 5 years

DCMS	£654,108
Greater London Authority	£81,729
The Clothworkers Foundation	£80,000
Garfield Weston Foundation	£75,000
City Bridge Trust	£47,317
The Foyle Foundation	£45,000

Specific Donations

Amount	When Months	To be used for
The Foyle Foundation - Arts
£25,000	07/02/2023	towards essential equipment for new building
Greater London Authority - London Music Makers
£81,729	24/01/2023	World Heart Beat's London Music Makers project will support an additional 260 disadvantaged young people aged 14-24 through access to 1:1 mentoring alongside music and creative activities. Over two ....more World Heart Beat's London Music Makers project will support an additional 260 disadvantaged young people aged 14-24 through access to 1:1 mentoring alongside music and creative activities. Over two years, we plan to increase mentoring delivery across new geographical areas and offer training and resources to mentors with lived experience.
The Clothworkers Foundation - Grant to World Heart Beat Music Academy
£80,000	15/03/2022	refurbishment of building for a charity supporting disadvantaged young people in London
DCMS - Capital Investment Programme
£365,000	04/03/2022	The Capital Investment Programme is an open access programme to support cultural organisations to adjust buildings and equipment so that they can operate safely post-pandemic and improve access, ....more The Capital Investment Programme is an open access programme to support cultural organisations to adjust buildings and equipment so that they can operate safely post-pandemic and improve access, seize on technological opportunities, and reduce environmental impact.
Garfield Weston Foundation - Main Grants award
£25,000	05/11/2021	World Heart Beat at Embassy Gardens: a vibrant new music education centre and concert venue
The Foyle Foundation - Arts
£20,000	28/04/2021	towards closing the shortfall in funding towards completion of the new music education centre (awarded grant in response to coronavirus)
City Bridge Trust - Grant to World Heart Beat Music Academy Ltd
£47,317	02/09/2020	towards the costs outlined in your application of supporting disadvantaged BAME and disabled people (11 - 25 years old) to appreciate and develop musical skill. Achieved by using on-line resources ....more towards the costs outlined in your application of supporting disadvantaged BAME and disabled people (11 - 25 years old) to appreciate and develop musical skill. Achieved by using on-line resources and supported by mentors
DCMS - National Portfolio Organisation 2018-2022
£86,564	01/04/2020	The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given ....more The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. Between 2018 and 2022, we will invest £1.45 billion of public money from government and an estimated £860 million from the National Lottery to help deliver this vision.
DCMS - World Heart Beat Culture Recovery Fund Request
£135,030	01/04/2020	To support Arts and Culture throughout England
DCMS - World Heart Beat Culture Recovery Fund Request
£67,514	01/04/2020	To support Arts and Culture throughout England
Garfield Weston Foundation - Main Grants award
£50,000	20/03/2020	World Heart Beat at Embassy Gardens: a vibrant new education centre and venue
Co-Operative Group - Grant to World Heart Beat Music Academy
£4,956	15/11/2019	We want to raise more funds, so we can provide a year's free music tuition to 70 disadvantaged young people.
Mercer's Charitable Foundation - Grant to World Heart Beat Music Academy Ltd
£49,920	24/04/2018 24	Musical Communities
Woodward Charitable Trust - Costs of musical instruments lessons for disadvantaged people
£500	10/11/2017	Towards the costs of musical instrument lessons for disadvantaged young people.
Garfield Weston Foundation - Main Grants award
£10,000	14/09/2017	Musical Communities

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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: 28-66

CORINNE OULTON Appointed: 2009, Occupation: Company Director

JAMES JOSEPH Appointed: 2011, Occupation: Music Manager

JAYNE ALLISON SUTCLIFFE Appointed: 2019, Occupation: Director

KWABENA BOATENG Appointed: 2022, Occupation: Company Director

NICOLAS BUSH Appointed: 2018, Occupation: Management Consultant, Other trusteeship: THE GALLIONS MUSIC TRUST,

RACHEL VAN WALSUM Appointed: 2015, Occupation: Company Director

ZACHARY MARK QUINN Appointed: 2019, Occupation: Chartered Accountant

Legal constitution

Charitable company registered in England & Wales on 30/12/2010, number: 1139579
Registered at Companies House on 07/08/2009, number: 06984769

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

12 returns made; all on time

Main office

45 GARTMOOR GARDENS SOUTHFIELDS
LONDON
SW19 6NX

Objectives

THE PRINCIPAL OBJECTS OF THE CHARITY ARE, INSOFAR AS THE SAME ARE CHARITABLE, ASFOLLOWS:-(I) TO HELP PEOPLE, ESPECIALLY BUT NOT EXCLUSIVELY THROUGH LEISURE TIME ACTIVITIES,SO AS TO DEVELOP THEIR CAPABILITIES THAT THEY MAY GROW TO FULL MATURITY ASINDIVIDUALS AND MEMBERS OF SOCIETY; AND(II) TO ADVANCE THE EDUCATION OF PEOPLE IN ALL FORMS OF MUSIC RELATED ARTS.

Defined Area of Benefit:

UNDEFINED. IN PRACTICE, NATIONAL

Data Sources