EXETER CATHEDRAL MUSIC FOUNDATION (CIO)
The Charity supports the provision and maintenance of music and a choir at Exeter Cathedral.
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
“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
“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
“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
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?
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. Its FY2025 accounts were audited by PKF Francis Clark.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £2.0m |
| THE KIRBY LAING FOUNDATION | 1 | £355k |
| THE MEDLOCK CHARITABLE TRUST | 1 | £65k |
| CATHEDRAL MUSIC TRUST | 1 | £60k |
| THE GOSLING FOUNDATION LIMITED | 1 | £50k |
| THE HEADLEY TRUST | 1 | £46k |
| THE SANDERSON FOUNDATION | 1 | £27k |
| THE HOBSON CHARITY LIMITED | 1 | £20k |
Charities like this
- THE FRIENDS OF EXETER CATHEDRAL
- THE EXETER UNIVERSITY FOUNDATION
- THE HASTINGS MUSIC ENDOWMENT FUND
- EXETER CATHEDRAL
- SALISBURY CATHEDRAL CHORAL FOUNDATION
- DURHAM CATHEDRAL CHOIR ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| EXETER CATHEDRAL MUSIC FOUNDATION (CIO) | £289k | — | 0 | unclear | — | no doubt |
| THE FRIENDS OF EXETER CATHEDRAL | £392k | — | 0 | above | — | no doubt |
| THE EXETER UNIVERSITY FOUNDATION | £352k | — | 0 | unclear | — | no doubt |
| THE HASTINGS MUSIC ENDOWMENT FUND | £127k | — | 0 | unclear | — | no doubt |
| EXETER CATHEDRAL | £11.1m | — | — | within | — | no doubt |
| SALISBURY CATHEDRAL CHORAL FOUNDATION | £407k | — | 0 | unclear | — | no doubt |