MUSIC AND LETTERS TRUST
The Charity receives income from the production of the musicological periodical _Music & Letters_, which is used to give awards to support musicological research.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £204,127, which is below the trustees' stated policy target of maintaining sufficient reserves to operate for about five years. The charity reported a net loss of £2,312 for the year, primarily due to investment revaluation losses, while total income was £30,119 and charitable expenditure was £33,422.
What the accounts disclose
“Income from charitable activities consists of royalties received from the journal Music & Letters which is recognised when receivable.” — page 10
“The Trustees believe that the charity should maintain sufficient reserves to enable it to operate for about five years in the event of a sharp drop in income or of exceptional charitable expenditure.” — page 5
“One trustee received remuneration for services to the company and reimbursement of expenses totalling £263 (2023: £1,140)” — page 13
Trustees
- Dr Benedict Taylor
- Dr Berta Joncus
- Dr David Beard
- Dr Noel O'Regan
- Dr PETER WILTON
- Katherine Anne Butler
- Professor Laudan Nooshin
- Professor Rebecca Herissone
- Professor Sarah Collins
- Professor Sarah Hibberd
- Professor William Dean Sutcliffe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £30k | £33k |
| 31/03/2024 | £33k | £18k |
| 31/03/2023 | £27k | £15k |
| 31/03/2022 | £25k | £15k |
| 31/03/2021 | £26k | £15k |
Common questions
Is MUSIC AND LETTERS TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £204,127, which is below the trustees' stated policy target of maintaining sufficient reserves to operate for about five years. The charity reported a net loss of £2,312 for the year, primarily due to investment revaluation losses, while total income was £30,119 and charitable expenditure was £33,422. Its FY2025 accounts were independently examined.