THE ALBERT AND EUGENIE FROST MUSIC TRUST CIO
Latest income
£473k
Latest spending
£431k
Registered
2020
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £14,900,694, an increase from the previous year's £13,911,478. The trustees confirmed that adequate assets were available to fulfil obligations and identified no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Reserves policy: no need to keep substantial financial reserves (held: £14.9m)
“The Trustees’ Reserves Policy was part of this Investment Policy. The Charity’s support costs were modest and so the Trustees judge that there was no need to keep substantial financial reserves to safeguard the running costs of the Charity.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: David Waterman and Lesley Hatfield provide small amounts of paid and unpaid coaching, teaching and masterclasses to students within the Chamber Studio, Chetham’s School of Music, The Guildhall School Trust, IMS Prussia Cove, Royal Welsh College of Music and Drama, Changing Lives where grants are paid as shown in Note 2 on page 8.
“David Waterman and Lesley Hatfield provide small amounts of paid and unpaid coaching, teaching and masterclasses to students within the Chamber Studio, Chetham’s School of Music, The Guildhall School Trust, IMS Prussia Cove, Royal Welsh College of Music and Drama, Changing Lives where grants are paid as shown in Note 2 on page 8.” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2023)
Total income
£516k
Total spending
£247k
Cost of raising funds
£43k
Reserves (reported)
£0
Employees
1
Register events
- Received assets from another charity (04/02/2022)
Trustees
- Andrew John Sindall BSc FCAchair
- Dr David Allen Woodrow Waterman
- John Spencer McCuin
- Julian Robert Milford
- Lesley Clare Hatfield
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £473k | £431k |
| 31/03/2024 | £478k | £529k |
| 31/03/2023 | £516k | £247k |
| 31/03/2022 | £446k | £218k |
Common questions
Is THE ALBERT AND EUGENIE FROST MUSIC TRUST CIO financially healthy?
The accounts state that unrestricted reserves stood at £14,900,694, an increase from the previous year's £13,911,478. The trustees confirmed that adequate assets were available to fulfil obligations and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Couch Bright King & Co.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| DR RADCLIFFE'S TRUST | 1 | £3k |