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.
Objects
THE OBJECTS OF THE CHARITY ARE FOR THE PUBLIC BENEFIT TO ADVANCE THE EDUCATION OF THE PUBLIC IN AND TO FOSTER RESEARCH INTO THE ART AND SCIENCE OF MUSIC.
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
Policies the charity declares
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
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.