THE HASTINGS MUSIC ENDOWMENT FUND
Latest income
£127k
Latest spending
£158k
Registered
2001
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity holds total unrestricted reserves of £2,438,141, which significantly exceed its stated policy of maintaining a cash reserve equal to one quarter of grant giving. The trustees consider the financial position satisfactory and have confirmed adequate resources to continue as a going concern.
What the accounts disclose
Reserves policy: one quarter grant giving (held: £2.4m)
“Following the various changes detailed elsewhere in this report this policy has been reviewed and the Trustees maintain a cash reserve equal to one quarter grant giving.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Register events
- Received assets from another charity (31/08/2022)
Trustees
- SIMON NURSERchair
- ALEXANDER SPIRES
- Anne McDonald
- BENJAMIN TRENCHARD
- CHRISTOPHER JAMES STRANGE
- Marius Carney
- RICHARD FRANCIS TAPP
- Rev Canon Timothy Morris Alban Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £127k | £158k |
| 31/03/2024 | £111k | £107k |
| 31/03/2023 | £104k | £72k |
| 31/03/2022 | £76k | £68k |
| 31/03/2021 | £76k | £69k |
Common questions
Is THE HASTINGS MUSIC ENDOWMENT FUND financially healthy?
The accounts state that the charity holds total unrestricted reserves of £2,438,141, which significantly exceed its stated policy of maintaining a cash reserve equal to one quarter of grant giving. The trustees consider the financial position satisfactory and have confirmed adequate resources to continue as a going concern. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The Patricia Routledge Foundation | 1 | £5k |
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