SWINDON MUSIC SERVICE
The Charity aims to create opportunities which will deepen the interests and skills of children and youngpeople from 0 to 18, and families and people of all ages in the community through providing a range ofmusical and social experiences. Music programmes in local schools will be delivered, supported and facilitated.
Financial health, per its FY2025 accounts
The charity reported a net income of £168,430 for the year, increasing its total funds to £350,190. Free reserves stood at £345,460, which exceeds the stated target minimum of £200,000. However, the trustees note a high risk associated with reliance on the Department for Education grant.
What the accounts disclose
“The Ex Officio Trustee, P Clark, is employed by the Charity, as per the Charity's constitution, as Chief Executive Officer, and earned gross salary of £55,663 (2024: £55,592) and employers pension contribution of £6,736 (2024: £10,118). There were no other trustees' remuneration or other benefits for the year ended 31 March 2025” — page 16
“Under the transfer agreement from the local authority, the charity's deficit at each actuarial valuation of the Fund is capped at £45,000.” — page 13
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Bethany Durston BMus
- Chak Man Vincent Ho
- Donna Eaton
- Dr Anne-Sophie Rouziere
- Elizabeth Matthews
- James Michael Heydon
- Kristina Jack
- Major PETER CLARK MMus ARCM
- Rainer Dolz
- Sek Yan Chan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £834k | £666k |
| 31/03/2024 | £580k | £582k |
| 31/03/2023 | £539k | £566k |
| 31/03/2022 | £520k | £541k |
| 31/03/2021 | £559k | £512k |
Common questions
Is SWINDON MUSIC SERVICE financially healthy?
Per its FY2025 accounts: The charity reported a net income of £168,430 for the year, increasing its total funds to £350,190. Free reserves stood at £345,460, which exceeds the stated target minimum of £200,000. However, the trustees note a high risk associated with reliance on the Department for Education grant. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 20/07/2023 | £137k | Music Education Hub Funding |
| UK government | 20/07/2023 | £192k | Music Education Hub Funding |
| UK government | 23/03/2022 | £137k | Music Education Hub Funding |
| UK government | 18/03/2021 | £327k | Music Education Hub Funding |