THE TAIT MEMORIAL TRUST
The Trust continues to present performance platforms for emerging and established performing artists from Australia & New Zealand at our many concerts and events, during the 2023-24 fiscal year. Awards totalling £100,000.00 were paid. The Tait Memorial Trust has raised more than £1,500,000 to help support young musicians and dancers who need financial assistance while they are studying in the U.K.
Objects
TO ENCOURAGE AND PROMOTE FOR THE PUBLIC BENEFIT THE ART OR SCIENCE OF MUSIC THE PERFORMING ARTS AND FINE ARTS AND TO EDUCATE THE PUBLIC IN THE UNITED KINGDOM THEREIN BY ALL CHARITABLE MEANS NAMELY:- (A) PROMOTING PUBLIC LECTURES CONCERTS AND RECITALS (B) PROMOTING SUCH CHARITABLE PURPOSES CONNECTED WITH THE ADVANCEMENT OF THE EDUCATION AND TRAINING OF TALENTED YOUNG STUDENTS (C) UPHOLDING AND ADVANCING FOR THE PUBLIC BENEFIT THE STANDARDS OF EDUCATION TRAINING AND COMPETENCE OF SUCH STUDENTS (D) ENDOWING AND AWARDING SCHOLARSHIPS EXHIBITIONS BURSARIES PRIZES AND OTHER AWARDS TO ENABLE SUCH TALENTED YOUNG PERSONS TO STUDY (E) PROVIDING FINANCIAL ASSISTANCE FOR THE PURCHASE OF MUSICAL INSTRUMENTS ACCESSORIES AND OTHER EQUIPMENT FOR SUCH PERSONS AS AFORESAID IN NEED THEREOF (F) PROVIDING FOR SUCH PERSONS AS AFORESAID WHO ARE IN NEED THEREOF WITH RECORDING FACILITIES IN ORDER THAT THEY MAY BE TRAINED IN THE ARTISTIC AND TECHNICAL USE OF SUCH FACILITIES (G) PROVIDING ONGOING FINANCIAL ASSISTANCE TO TALENTED YOUNG STUDENTS IN NEED OF SUCH ASSISTANCE ON THE TERMINATION OF THEIR STUDIES TO HELP ESTABLISH THEM IN THEIR CAREERS; PROVIDED ALWAYS THAT ALL SUCH AWARDS PAYMENTS AND OTHER PROVISION OF FINANCIAL ASSISTANCE AS ARE MENTIONED IN (D) (E) (F) AND (G) SHALL ONLY BE MADE WHERE THE TRUSTEES IN THEIR ABSOLUTE DISCRETION DETERMINE THAT THERE IS A SPECIAL NEED TO PROVIDE SUCH ASSISTANCE
Financial health, per its FY2025 accounts
The accounts state that the Trust finished the year with a net surplus of £9,574, demonstrating a significant improvement over the prior year's deficit. Per the trustees' report, the Trust holds unrestricted reserves of £199,026 and investment assets valued at £199,500, resulting in total net assets of £245,684. The Trust is operated entirely by trustees and volunteers without remuneration.
What the accounts disclose
“The Trustees have designated the M&G Charifund investment as a long-term capital reserve. Only the income generated from this investment is used to supplement the Awards Fund. The capital is not available for expenditure except by explicit Trustee resolution.” — page 22
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 10
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 10
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 10
- Grant-making is its main activity
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 2 were received after the due date: year ending 31/03/2024 (received 12/02/2025, 12 days after the 31/01/2025 due date); year ending 31/03/2021 (received 28/02/2022, 28 days after the 31/01/2022 due date).
Funders the charity credits
- Commonwealth Bank of Australia
Trustees
- ISLA BARING OAMchair
- Chad Daniel Vindin
- Dr Margaret Mayston AM
- JUSTIN BARING
- Matthew Keith Phillips
- SUSAN THORNTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £120k | £107k |
| 31/03/2024 | £119k | £131k |
| 31/03/2023 | £158k | £105k |
| 31/03/2022 | £128k | £102k |
| 31/03/2021 | £105k | £92k |
Common questions
Is THE TAIT MEMORIAL TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the Trust finished the year with a net surplus of £9,574, demonstrating a significant improvement over the prior year's deficit. Per the trustees' report, the Trust holds unrestricted reserves of £199,026 and investment assets valued at £199,500, resulting in total net assets of £245,684. The Trust is operated entirely by trustees and volunteers without remuneration. Its FY2025 accounts were independently examined.
Who funds THE TAIT MEMORIAL TRUST?
Funders whose own accounts filings name THE TAIT MEMORIAL TRUST as a grant recipient include THE TAIT MEMORIAL TRUST, THE GILBERT AND SULLIVAN SOCIETY.
Shared trustees with funders
- Chad Daniel Vindin — trustee here and at THE TAIT MEMORIAL TRUST
- Dr Margaret Mayston AM — trustee here and at THE TAIT MEMORIAL TRUST
- ISLA BARING OAM — trustee here and at THE TAIT MEMORIAL TRUST
- JUSTIN BARING — trustee here and at THE TAIT MEMORIAL TRUST
- Matthew Keith Phillips — trustee here and at THE TAIT MEMORIAL TRUST
- SUSAN THORNTON — trustee here and at THE TAIT MEMORIAL TRUST
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE TAIT MEMORIAL TRUST | FY2025 | £4k | Leanne Benjamin Award x £3,500 each |
| THE TAIT MEMORIAL TRUST | FY2025 | £4k | Leanne Benjamin Award x £3,500 each |
| THE TAIT MEMORIAL TRUST | FY2025 | £4k | Leanne Benjamin Award x £3500 each |
| THE TAIT MEMORIAL TRUST | FY2025 | £4k | Leanne Benjamin Award x £3,500 each |
| THE TAIT MEMORIAL TRUST | FY2025 | £3k | Leanne Benjamin Award |
| THE TAIT MEMORIAL TRUST | FY2025 | £3k | Alastair Jackson Award £3,000 |
| THE GILBERT AND SULLIVAN SOCIETY | FY2025 | £2k | sponsorship of young artistes / joint event with the Trust at The Royal Overseas League |
| THE TAIT MEMORIAL TRUST | FY2025 | £2k | Tait Award £2,000 |
| THE TAIT MEMORIAL TRUST | FY2025 | £2k | Tait Award 2022 - Paypal payment |
| THE TAIT MEMORIAL TRUST | FY2025 | £2k | Leanne Benjamin Award 2023 to pay ENBS inv 17858 |
| THE TAIT MEMORIAL TRUST | FY2025 | £1k | Tait Award 2022 - final payment |
| THE TAIT MEMORIAL TRUST | FY2025 | £1k | Tait Award |
| THE TAIT MEMORIAL TRUST | FY2025 | £414 | Leanne Benjamin Award 2023 - ballet clothing |
| THE TAIT MEMORIAL TRUST | FY2025 | £100 | Leanne Benjamin Award 2023 to pay ENBS inv 17981 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE RORY AND ELIZABETH BROOKS FOUNDATION | 1 | £142k |
| THE JOHN BOOTH CHARITABLE FOUNDATION | 1 | £40k |
| THE JOHN BROWNE CHARITABLE TRUST | 1 | £36k |
| THE STELLA AND ALEXANDER MARGULIES CHARITABLE TRUST | 1 | £36k |
| ATKIN CHARITABLE FOUNDATION | 1 | £30k |
| GRAFF FOUNDATION | 1 | £27k |
| PETER STORMONTH DARLING CHARITABLE TRUST | 1 | £25k |
| THE JAGCLIF CHARITABLE TRUST | 1 | £21k |
Charities like this
- TATE FOUNDATION
- THE TILLETT TRUST
- NASH CONCERT SOCIETY TRUST
- THE TEMPLE MUSIC FOUNDATION
- THE ACORN MUSIC THEATRE TRUST
- THE TATTON SINGERS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE TAIT MEMORIAL TRUST | £120k | — | 0 | unclear | — | no doubt |
| TATE FOUNDATION | £6.6m | — | — | unclear | — | no doubt |
| THE TILLETT TRUST | £241k | — | 0 | above | — | no doubt |
| NASH CONCERT SOCIETY TRUST | £233k | — | 0 | unclear | — | no doubt |
| THE TEMPLE MUSIC FOUNDATION | £513k | — | 0 | unclear | — | no doubt |
| THE ACORN MUSIC THEATRE TRUST | £33k | — | 0 | unclear | — | no doubt |