THE DELIUS TRUST
Makes grants towards the performance and promotion of the music of Frederick Delius. Also makes grants to organisations with a general remit to promote the music of British composers born from 1860 onwards.
Financial health, per its FY2024 accounts
The accounts state that total unrestricted reserves stood at £2,972,424 at year-end, with no specific reserves policy target stated by the Trustees. Although the charity reported a net operating deficit of £164,218, this was offset by unrealised investment gains of £222,716, resulting in a net inflow of funds and an increase in total resources.
What the accounts disclose
“The Trustees do not have a specific target for the level of reserves and are happy to reduce this when it is appropriate to do so. They have a policy of keeping sufficient cash holdings to cover short to medium term commitments.” — page 7
“As noted below, these accounts are approved during a period of uncertainty for both inflow and outflow of funds. However, through appropriate consideration of risks as part of its normal risk management process, the Trustees consider it appropriate for the going concern basis to be adopted, as in previous years, for these accounts.” — page 8
“For over 40 years the Musicians Benevolent Fund (now operating as Help Musicians UK), a Trustee, provided accommodation at no charge to the Trust. They ceased this arrangement in 2016, mitigating the financial effect to the Trust in 2016-18 by making a grant towards the cost of renting an office. This ceased in 2019 and since then the Trust has met the full cost of its accommodation. The Trust office is shared with the Vaughan Williams Foundation to which it reimburses a share of the office expenses at cost.” — page 6
Trustees
- JOHN AXON
- Martin Blue Macintosh Williams
- PAUL TREVOR GUINERY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £98k | £132k |
| 31/12/2024 | £97k | £261k |
| 31/12/2023 | £103k | £143k |
| 31/12/2022 | £91k | £65k |
| 31/12/2021 | £90k | £118k |
Common questions
Is THE DELIUS TRUST financially healthy?
Per its FY2024 accounts: The accounts state that total unrestricted reserves stood at £2,972,424 at year-end, with no specific reserves policy target stated by the Trustees. Although the charity reported a net operating deficit of £164,218, this was offset by unrealised investment gains of £222,716, resulting in a net inflow of funds and an increase in total resources. Its FY2024 accounts were independently examined.