CATHEDRAL MUSIC TRUST
Financial health, per its FY2024 accounts
The accounts state that total income decreased to £1,112,448 from £1,712,025 in the prior year, primarily due to a reduction in legacy income. Despite this drop, the Charity reported a net movement in unrestricted funds resulting in a surplus of £47,907, supported by increased investment income and donations from Friends and Patrons. The Trustees maintain that free reserves are in line with their policy of holding at least six months' operating expenditure.
What the accounts disclose
“At 31 December 2024, the Charity’s general funds amounted to £277,776 (2023: £229,869), which is in line with the current policy.”
“Four Trustees are connected to three of this year's grant recipients (Peterborough Cathedral, Exeter Cathedral and Tewkesbury Abbey) but were not involved in decision-making regarding the award of their respective grants.” — page 37
Leadership, per the charity’s website
- Cathy Dew — Director
- Jonathan Mayes — Chief Executive/CEO
- Jonathan Macdonald — Chair
- Leila Alexander — Director
- Dan Bishop — Director
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (20/12/2024)
Trustees
- Jonathan Angus Macdonaldchair
- Daniel Mark Benton
- Dr David Hill MA FRCO
- Dr Isobel Rachel Pinder
- GAVIN DOUGLAS LEWIS RALSTON
- Giverny Eloise Colleen McAndry
- Graham Timothy Robinson
- Heather Morgan
- James Christopher Gurling OBE
- John Stuart Laing
- Rev Canon Rosemary Helen Woodall
- Simon Giles Toyne
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £1.0m |
| 31/12/2023 | £1.7m | £854k |
| 31/12/2022 | £604k | £770k |
| 31/12/2021 | £843k | £744k |
| 31/12/2020 | £1.8m | £1.2m |
Common questions
Is CATHEDRAL MUSIC TRUST financially healthy?
The accounts state that total income decreased to £1,112,448 from £1,712,025 in the prior year, primarily due to a reduction in legacy income. Despite this drop, the Charity reported a net movement in unrestricted funds resulting in a surplus of £47,907, supported by increased investment income and donations from Friends and Patrons. The Trustees maintain that free reserves are in line with their policy of holding at least six months' operating expenditure. Its FY2024 accounts were audited by Peters Elworthy & Moore.
Who funds CATHEDRAL MUSIC TRUST?
Funders whose own accounts filings name CATHEDRAL MUSIC TRUST as a grant recipient include GENESIS AMERICA (UK) LIMITED, Genesis Foundation, THE SCOPS ARTS TRUST, THE STEVENSON FAMILY'S CHARITABLE TRUST, HYMNS ANCIENT AND MODERN LIMITED.
Known funders
| Funder | Year | Amount |
|---|---|---|
| GENESIS AMERICA (UK) LIMITED | FY2023 | £143k |
| Genesis Foundation | FY2023 | £100k |
| GENESIS AMERICA (UK) LIMITED | FY2024 | £58k |
| GENESIS AMERICA (UK) LIMITED | FY2022 | £43k |
| THE SCOPS ARTS TRUST | FY2024 | £20k |
| GENESIS AMERICA (UK) LIMITED | FY2022 | £12k |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2025 | £10k |
| THE SCOPS ARTS TRUST | FY2024 | £10k |
| THE SCOPS ARTS TRUST | FY2023 | £10k |
| HYMNS ANCIENT AND MODERN LIMITED | FY2023 | £5k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HEADLEY TRUST | 2 | £60k |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £125k |
| LILIAN FRANCES HIND BEQUEST (TRUSTEES OF LADY HIND) | 1 | £15k |
| THE A M CHARITABLE TRUST | 1 | £10k |
| DAVID LAING FOUNDATION | 1 | £5k |
| THE R C SNELLING CHARITABLE TRUST | 1 | £5k |
| The Patricia Routledge Foundation | 1 | £5k |