BORLETTI-BUITONI TRUST
The Borletti-Buitoni Trust helps outstanding young musicians to develop and sustain international careers with awards that fund tailor-made projects. Since June 2019 it has also made grants to organisations internationally who make a difference to communities through music.
Objects
THE OBJECTS OF THE CIO ARE SUCH EXCLUSIVELY CHARITABLE OBJECTS AND PURPOSES, FOR THE PUBLIC BENEFIT, IN ANY PART OF THE WORLD AS THE CHARITY TRUSTEES MAY IN THEIR DISCRETION THINK FIT.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves decreased to £2,831,498 from £3,246,730 in the prior year, driven by a net decrease in funds of £401,128. The Trustees consider the current level of free reserves to be sufficient to cover operational costs and a year of awards, noting that the minimum estimated level is £400,000. The charity reported total income of £39,441 against total expenditure of £500,578 for the year.
What the accounts disclose
“One employee earned between £60,000 and £70,000 during the year (2024: nil, as neither employee worked over the whole year).”
“One employee earned between £60,000 and £70,000 during the year (2024: nil, as neither employee worked over the whole year).”
“Total income for the period amounted to £39,441 (2024: £48,945). Current year income comprises £39,056 from investments and £385 from bank interest” — page 17
“To cover operational costs and a year of awards, the minimum level of free reserves is estimated to be £400,000.” — page 17
“During the year a grant of £5,000 was made to Marlboro School of Music of which Mitsuko Uchida DBE is the Co-Director (2024: £5,000). The Società del Quartetto di Milano, of which Ilaria Borletti Buitoni is President, and Maria Majno is Vice-President, received a grant of £10,000 (2024: £15,000). Trustees are encouraged to engage with the work of the artists and organisations that the Trust supports, and basic expenses (concert tickets, travel and accommodation) refunded for the year totalled £1,480 (2023: £500). The unlisted investments held by the charity were originally donated during the year ended 31 July 2018 by David Landau CBE, a Trustee of the Trust and Chairman of Saffron Hill Investors (Guernsey) Limited.” — page 39
Policies the charity declares
- Conflicting interests
- 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
- Risk management
- Safeguarding policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Register events
- Received assets from another charity (21/12/2016)
Trustees
- ILARIA CARLA ANNA BORLETTI DELL'ACQUAchair
- David Landau
- MARIA MAINO
- PAUL CUTTS
- SUSAN RIVERS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £39k | £501k |
| 31/07/2024 | £49k | £410k |
| 31/07/2023 | £73k | £529k |
| 31/07/2022 | £53k | £492k |
| 31/07/2021 | £44k | £595k |
Common questions
Is BORLETTI-BUITONI TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves decreased to £2,831,498 from £3,246,730 in the prior year, driven by a net decrease in funds of £401,128. The Trustees consider the current level of free reserves to be sufficient to cover operational costs and a year of awards, noting that the minimum estimated level is £400,000. The charity reported total income of £39,441 against total expenditure of £500,578 for the year. Its FY2025 accounts were audited by Buzzacott Audit LLP.
What does the highest-paid employee of BORLETTI-BUITONI TRUST earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.