LOVE MUSIC TRUST
Financial health, per its FY2023 accounts
The accounts state that unrestricted funds increased to £282,660, including a £100,000 designation for future relocation costs, resulting in a net surplus for the year. The trustees confirm adequate resources for the foreseeable future, with Arts Council funding secured until August 2025. The charity operates a defined contribution pension scheme and has no disclosed pension deficits or trading subsidiaries.
What the accounts disclose
“The Trustees' policy is to carry forward a prudent level of resources to support the effective delivery of music education into the future. The level of reserves will be kept under regular review.” — page 9
“At 31 August 2023 £24,539.78 was owed to Sandbach School (2022: £13,749) and £0 was owed to Marlfields Primary Academy (2022: £832).” — page 33
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Dr Mark Humphreyschair
- Catriona Stewart
- Charlotte Louise Ellinson
- David Charles Bebbington
- Dr Robert Gardiner
- JANE COWELL
- Jonathan David Hill
- Philip Fraser Robinson
- SARAH IRENE BURNS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.3m | £1.1m |
| 31/08/2024 | £1.0m | £1.0m |
| 31/08/2023 | £983k | £957k |
| 31/08/2022 | £927k | £902k |
| 31/08/2021 | £808k | £811k |
Common questions
Is LOVE MUSIC TRUST financially healthy?
The accounts state that unrestricted funds increased to £282,660, including a £100,000 designation for future relocation costs, resulting in a net surplus for the year. The trustees confirm adequate resources for the foreseeable future, with Arts Council funding secured until August 2025. The charity operates a defined contribution pension scheme and has no disclosed pension deficits or trading subsidiaries. Its FY2023 accounts were independently examined.