ST ALBANS CATHEDRAL MUSIC TRUST
Financial health, per its FY2022 accounts
The accounts state that the Trust's net assets totalled £3,141,202 at the end of the year, with unrestricted funds standing at £43,300. The trustees maintain free reserves at a target level of around £15,000 to £20,000, noting that current levels are above this due to legacy receipts and reduced pandemic-related activities. The board confirms there are no material uncertainties regarding the Trust's ability to continue as a going concern.
What the accounts disclose
Trustees
- Lionel Wallacechair
- Charles Edmund Francis Naylor
- KEITH RICHARD BROWN
- Laura Pearce
- PETER LETANKA
- Richard David John Pinel
- Very Revd JOANNE KELLY-MOORE
- Virginia TROWER
- William Fox
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £180k | £147k |
| 30/11/2023 | £112k | £125k |
| 30/11/2022 | £112k | £117k |
| 30/11/2021 | £128k | £129k |
| 30/11/2020 | £100k | £112k |
Common questions
Is ST ALBANS CATHEDRAL MUSIC TRUST financially healthy?
The accounts state that the Trust's net assets totalled £3,141,202 at the end of the year, with unrestricted funds standing at £43,300. The trustees maintain free reserves at a target level of around £15,000 to £20,000, noting that current levels are above this due to legacy receipts and reduced pandemic-related activities. The board confirms there are no material uncertainties regarding the Trust's ability to continue as a going concern. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GENESIS AMERICA (UK) LIMITED | 1 | £256k |
| Genesis Foundation | 1 | £100k |
| THE SCOPS ARTS TRUST | 1 | £40k |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | 1 | £10k |
| HYMNS ANCIENT AND MODERN LIMITED | 1 | £5k |