LOVE MUSIC TRUST

Charity Number: 1148615
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Love Music Trust (LMT) is committed to providing access to high quality music education and exposure to outstanding musical experiences to all pupils in Cheshire East. The LMT is owned, led and managed by schools, and supported by carefully chosen key partners within the local community. LMT offers music education services to all primary, secondary and special schools within Cheshire East.

Income and expenditure

Data for financial year ending 31 August 2023

Total income:
£982,811

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £504.33k
Charitable activities £470.03k
Other trading activities £0
Investments £1.10k
Other £7.35k

Total expenditure:
£957,115

Text alternative for this canvas graphic is in the data table below.
Raising funds £0
Charitable activities £957.12k
Other £0

£0 investments gains (losses)

Total income includes £488,426 from 1 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £957.12k
Retained for future use £25.70k

People

7 Employee(s)

8 Trustee(s)

20 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Arts/culture/heritage/science
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Services
Where the charity operates:
  • Cheshire East

Governance

Registration history:
  • 16 August 2012: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
08123495 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • 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
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

8 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Dr Mark Humphreys Chair 26 September 2024
THE WIRRAL SCHOOLS' CONCERT BAND PARENTS ASSOCIATION
Received: On time
LIVERPOOL JOHN MOORES UNIVERSITY STUDENTS' UNION
Received: On time
Mark Parkinson Trustee 26 September 2024
None on record
Philip Michael Dickson Trustee 26 September 2024
None on record
Dr Robert Gardiner Trustee 24 March 2022
None on record
Jonathan David Hill Trustee 14 September 2017
None on record
JANE COWELL Trustee 11 September 2015
None on record
Dr JONATHAN PETER JOHNSON SAVAGE Trustee 06 January 2014
None on record
SARAH IRENE BURNS Trustee 30 July 2012
None on record

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 31/08/2019 31/08/2020 31/08/2021 31/08/2022 31/08/2023
Total gross income £931.68k £810.77k £807.89k £926.52k £982.81k
Total expenditure £918.78k £778.09k £810.52k £902.14k £957.12k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £479.12k £483.67k £489.58k £489.31k £488.43k
Income - Donations and legacies £481.15k £484.58k £8.74k £506.00k £504.33k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £443.74k £324.94k £796.48k £419.26k £470.03k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £352 £384 £50 £92 £1.10k
Income - Other £6.44k £864 £2.63k £1.17k £7.35k
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £918.78k £778.09k £810.52k £901.97k £957.12k
Expenditure - Raising funds £0 £0 £0 £0 £0
Expenditure - Governance £7.72k £3.74k £3.74k £2.43k £2.32k
Expenditure - Grants institution £84.13k £76.92k £75.72k £84.06k £89.52k
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £0 £171 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 31/08/2019 31/08/2020 31/08/2021 31/08/2022 31/08/2023
Own use assets £113.30k £104.96k £98.38k £108.21k £96.50k
Long-term investments £0 £0 £0 £0 £0
Other assets £302.80k £320.31k £322.35k £340.99k £378.12k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £117.06k £93.55k £91.64k £95.73k £95.46k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 August 2023 03 May 2024 On Time
Accounts and TAR 31 August 2023 03 May 2024 On Time Download Open in new window
Annual return 31 August 2022 23 May 2023 On Time
Accounts and TAR 31 August 2022 23 May 2023 On Time Download Open in new window
Annual return 31 August 2021 25 May 2022 On Time
Accounts and TAR 31 August 2021 25 May 2022 On Time Download Open in new window
Annual return 31 August 2020 17 March 2021 On Time
Accounts and TAR 31 August 2020 17 March 2021 On Time Download Open in new window
Annual return 31 August 2019 07 April 2020 On Time
Accounts and TAR 31 August 2019 07 April 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 28/06/2012 as amended on 04 Jan 2021

Charitable objects

THE CHARITY’S OBJECTS (“OBJECTS”) ARE SPECIFICALLY RESTRICTED TO ADVANCING FOR THE PUBLIC BENEFIT EDUCATION AND THE ARTS IN THE UNITED KINGDOM, IN PARTICULAR BUT WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING BY: (1)SEEKING TO ENSURE THAT EVERY CHILD IN THE REGION AGED FIVE TO EIGHTEEN HAS THE OPPORTUNITY TO LEARN A MUSICAL INSTRUMENT (OTHER THAN VOICE) THROUGH WHOLE-CLASS ENSEMBLE TEACHING PROGRAMMES FOR IDEALLY A YEAR (BUT FOR A MINIMUM OF A TERM) OF WEEKLY TUITION ON THE SAME INSTRUMENT; (2)PROVIDING OPPORTUNITIES TO PLAY IN ENSEMBLES AND TO PERFORM FROM AN EARLY AGE; (3)ENSURING THAT CLEAR PROGRESSION ROUTES ARE AVAILABLE AND AFFORDABLE TO ALL YOUNG PEOPLE; (4)DEVELOPING A SINGING STRATEGY TO ENSURE THAT EVERY PUPIL IS SINGING REGULARLY AND THAT CHOIRS AND OTHER VOCAL ENSEMBLES ARE AVAILABLE IN THE AREA; (5)OFFERING CONTINUOUS PROFESSIONAL DEVELOPMENT TO SCHOOL STAFF, PARTICULARLY IN SUPPORTING SCHOOLS TO DELIVER MUSIC IN THE CURRICULUM; (6)PROVIDING AN INSTRUMENT LOAN SERVICE, WITH DISCOUNTS OR FREE PROVISION FOR THOSE ON LOW INCOMES; (7)PROVIDING ACCESS TO LARGE SCALE AND/OR HIGH QUALITY MUSIC EXPERIENCES FOR PUPILS, WORKING WITH PROFESSIONAL MUSICIANS AND/OR VENUES; (8)DELIVERING MUSIC EDUCATION WHICH WILL GIVE SCOPE FOR ALL PUPILS TO PROGRESS AND REACH THE NEXT LEVEL OF EXCELLENCE; (9)PROVIDING JOINED UP HIGH QUALITY MUSIC SERVICES (INCLUDING, WITHOUT LIMITATION, MUSIC TUITION, EVENTS, TRIPS AND ENSEMBLES) TO CHILDREN AND YOUNG PEOPLE BOTH IN AND OUT OF SCHOOL; (10)ENSURING THAT CHILDREN AND YOUNG PEOPLE HAVE THE OPPORTUNITY TO EXPERIENCE THE RICHNESS OF THE ARTS; (11)PROMOTING EFFECTIVE COLLABORATION BETWEEN THE CHARITY AND THE WIDER LOCAL CULTURAL OFFERING; (12)COLLABORATING WITH SCHOOLS, OTHER EDUCATIONAL ESTABLISHMENTS AND THE WIDER LOCAL COMMUNITY BOTH IN TERMS OF DELIVERING MUSIC SERVICES TO YOUNG PEOPLE AND ADVOCATING THE IMPORTANCE OF MUSIC EDUCATION TO SCHOOL LEADERS; (13)ENSURING THAT A DIVERSE RANGE OF MUSICAL EXPERIENCES WILL BE AVAILABLE THAT WILL RESPOND TO LOCAL NEEDS.

Contact information

Address:
UNIT 2A BRADWALL COURT
BRADWALL ROAD
SANDBACH
CHESHIRE
CW11 1GE
Phone:
01270766214
Email:
dosborne@sandbachschool.org
Website:

www.lovemusictrust.com Open in new window