Folkestone Music Town CIC

Active14757592Information & communicationIncorporated 25 Mar 2023 · Folkestone

A not for profit organisation that amplifies the musical life of our town / region and which brings out talent from people who previously may not have felt engaged by the local music / arts scene. FMT brings together local musicians, businesses and venues to promote our town’s musical life. “The whole is greater than the sum of the parts”. “From string quartets to DJ sets”. “Music in May” is an important community festival organised by the Folkestone Music Town team. 2025 was a break out year for Folkestone Music Town, with over £25,000 received from Arts Council England, on top of previous year funding repeated in 2024 from various local bodies. This enabled FMT to upweight its programme beyond “Music in May” to incorporate various other initiative such as multiple professional workshops and a “Future Sound of Folkestone” programme. We were also able to conduct extensive customer research and build an app for FMT.

Revenue

£2k

No comparable prior period

Profit after tax

£0

Margin 0.0%

Employees

4

— vs prior ~12m period

Net assets

£1k

Total assets £14k

Financial history

Revenue by accounting period

2 periods available · ▲ growth ▼ decline

Mar 2024
£2k
Mar 2025
Not available
Period endRevenueGrowthProfit before taxEmployeesNet assets
31 Mar 2025———4£1k
31 Mar 2024£2k—£00£0

Latest available figures

Period ending 31 Mar 2024. “Not available” means the figure is not in the accounts we hold. We do not estimate missing figures.

Profit & loss

Revenue
£2k
Gross profit
£2k
Operating profit
£0
Profit before tax
£0
Profit after tax
£0

Balance sheet

Total assets
£14k
Cash
£10k
Total liabilities
£13k
Net assets
£1k
Revenue per employee
Not available

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