EXETER CATHEDRAL MUSIC FOUNDATION (CIO)
Latest income
£289k
Latest spending
£258k
Registered
2023
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity holds total unrestricted reserves of £6,327,378, comprising a designated fund of £1,255,942 and unrestricted general funds of £5,071,436. The trustees report a sound financial basis with limited risk, noting that the charity operates on a going concern basis supported by healthy income and a sound asset base.
What the accounts disclose
Reserves policy: cash reserve outside the investment portfolio (held: £6.3m)
“The Charity will always hold a cash reserve outside the investment portfolio with the intention of mitigating the impact that any short term adverse volatility in the portfolio's natural income may have on the Charity's grant making ability.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations from trustees
“During the year donations totalling £760 were received from two trustees with no conditions attached.” — page 20
“During the year £257 was reimbursed to a trustee's son in respect of concert expenses.” — page 20
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Reimbursement to trustee's son
“During the year donations totalling £760 were received from two trustees with no conditions attached.” — page 20
“During the year £257 was reimbursed to a trustee's son in respect of concert expenses.” — page 20
Per its FY2025 accounts as filed with the Charity Commission.
Register events
- Received assets from another charity (18/10/2025)
- Received assets from another charity (15/04/2024)
Trustees
- John Keith Acornleychair
- Andrew Thomas Seager Millington
- Caroline Padget
- Gordon John Pike
- Ian Huggett
- JOHN CHRISTOPHER CROWLEY
- Lady Rachel Norris
- Melanie Heather May Henrywood
- Penelope Helen Adie
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £289k | £258k |
| 31/03/2024 | £0 | £0 |
Common questions
Is EXETER CATHEDRAL MUSIC FOUNDATION (CIO) financially healthy?
The accounts state that the charity holds total unrestricted reserves of £6,327,378, comprising a designated fund of £1,255,942 and unrestricted general funds of £5,071,436. The trustees report a sound financial basis with limited risk, noting that the charity operates on a going concern basis supported by healthy income and a sound asset base. Its FY2025 accounts were audited by PKF Francis Clark.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | 1 | £125k |
| THE HEADLEY TRUST | 1 | £50k |
| THE A M CHARITABLE TRUST | 1 | £10k |
| THE MCCORQUODALE CHARITABLE TRUST | 1 | £5k |
| The Patricia Routledge Foundation | 1 | £5k |