TORBAY AND SOUTH DEVON MUSIC CENTRE
The object of the charity is to advance musical education by promoting and sponsoring musical events - such as concerts - in the Teignbridge, Torbay and Devon education districts.
Financial health, per its FY2025 accounts
The accounts state that total income of £51,137 slightly exceeded total expenditure of £50,479 for the year. The charity holds total reserves of £94,978, with an unrestricted operating costs reserve of £27,000 intended to provide financial breathing space if external funding is withdrawn. The trustees note a risk regarding the lack of diversity in income streams and are actively pursuing alternative sources of income.
What the accounts disclose
“Our total income for the year was £51137, with grants and donations (£31533) and members’ subscriptions (£13414) our principal sources of funds.” — page 19
“The trustees decided to hold our operating costs reserve at £27k to meet potential, unfunded operating costs. This represents 2 terms' costs and is intended to provide a financial breathing space if external funding is withdrawn.” — page 20
Trustees
- Dr Anne Fairey
- Elizabeth Anne James
- Julia Marie Tanton
- Katherine Amey ACA
- Lisa Joyce Porch
- MARTIN STEWART HILL
- SEAN HINDLE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £51k | £50k |
| 05/04/2024 | £38k | £44k |
| 05/04/2023 | £35k | £50k |
| 05/04/2022 | £42k | £38k |
| 05/04/2021 | £28k | £27k |
Common questions
Is TORBAY AND SOUTH DEVON MUSIC CENTRE financially healthy?
Per its FY2025 accounts: The accounts state that total income of £51,137 slightly exceeded total expenditure of £50,479 for the year. The charity holds total reserves of £94,978, with an unrestricted operating costs reserve of £27,000 intended to provide financial breathing space if external funding is withdrawn. The trustees note a risk regarding the lack of diversity in income streams and are actively pursuing alternative sources of income. Its FY2025 accounts were independently examined.