THE MICHAEL TIPPETT MUSICAL FOUNDATION
Makes grants in the field of music. Specific guidelines available.
Objects
TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE ART OF MUSIC AND THE COMPOSITION OF MUSICAL WORKS AND TO RELIEV MUSICIANS AND COMPOSERS WHO ARE IN NEED, HARDSHIP OR DISTRESS.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds were maintained at a level equating to at least twelve months of expenditure, meeting the charity's stated reserves policy. The charity reported unrestricted reserves of £100,427 at the end of the year, supported by cash funds and investments, despite facing significant banking difficulties in the previous year which have since been resolved.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are its general reserves, at a level which equates to at least twelve months expenditure including grants and awards made.”
“The charity faced considerable difficulties in 2023 with its bankers National Westminster Bank (NWB). As a result the charity's bank accounts were frozen and the charity was unable to receive monies nor could it make payments in a timely manner, as is its normal practice. The situation was fully resolved in November 2023” — page 4
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Oliver David Sodenchair
- ANTHONY WHITWORTH-JONES
- Christopher James Scobie
- JEREMY RICHARD HAYES
- JONATHAN DOVE
- KATIE TEARLE
- MS Sally Groves
- NANCY EVANS
- SIMON PATRICK WEIL
- Sarah Bardwell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £65k | £41k |
| 31/08/2024 | £79k | £77k |
| 31/08/2023 | £41k | £6k |
| 31/08/2022 | £27k | £31k |
| 31/08/2021 | £35k | £26k |
Common questions
Is THE MICHAEL TIPPETT MUSICAL FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds were maintained at a level equating to at least twelve months of expenditure, meeting the charity's stated reserves policy. The charity reported unrestricted reserves of £100,427 at the end of the year, supported by cash funds and investments, despite facing significant banking difficulties in the previous year which have since been resolved. Its FY2025 accounts were independently examined.