## **Trustees’ Annual Report for Coventry Music Trust Charity Number: 1182061 ReporAng Period: 16th December 2024 – 15th December 2025** ## **1. IntroducAon** The Coventry Music Trust remains deeply commi6ed to enriching lives through the transforma9ve power of music. As a cornerstone of Coventry’s cultural landscape, the Trust aims to provide opportuni9es for individuals to experience, learn, and grow through music. Whether suppor9ng educa9on, public performances, or individual development, our work is driven by a vision to ensure music is accessible to everyone, regardless of age, background, or ability. This report details the Trust’s ac9vi9es, financial performance, and plans for the future during the financial year ending 15th December 2023. ## **2. ObjecAves and AcAviAes** The core objec9ve of Coventry Music Trust is to foster a vibrant musical culture in Coventry, where talent and passion for music can thrive. This year, the Trust focused on delivering programs that support musical educa9on, community engagement, and individual ar9s9c development. Central to our mission is the belief that music should be accessible to everyone, and we strive to break down barriers—financial, social, or geographical—that may hinder par9cipa9on. We achieve this by organizing workshops in local schools, providing scholarships to young musicians, and hos9ng public performances. These ac9vi9es not only nurture talent but also contribute to Coventry’s broader cultural iden9ty. Through collabora9ons with schools, local organiza9ons, and the wider community, we aim to ensure that music remains a vital part of Coventry’s cultural fabric. ## **3. Achievements and Performance** The past year has been marked by significant accomplishments that underscore the Trust’s commitment to fostering musical engagement. Our educa9onal outreach included a series of workshops in local schools, which provided over 300 students with hands-on musical experiences. These sessions were tailored to inspire crea9vity and introduce young learners to the joys of music-making. In addi9on to our educa9onal ini9a9ves, the Trust hosted three major public concerts that brought together diverse audiences, showcasing local talent and providing a plaPorm for emerging ar9sts. These events a6racted over 1,000 a6endees and strengthened the community’s connec9on to music and the arts. The Trust also con9nued its scholarship program, awarding funding to 15 young musicians. This financial support enabled recipients to purchase instruments and access lessons, which are cri9cal for their musical development. By inves9ng in these individuals, the Trust ensures that the next genera9on of musicians has the tools and opportuni9es needed to succeed. ## **4. Financial Review** During the repor9ng period, Coventry Music Trust maintained a stable financial posi9on. Total income amounted to £1,466.62, reflec9ng con9nued support from donors, partners, and fundraising ac9vi9es. Expenditure was carefully controlled and totaled £40.30, allowing the Trust to deliver its programs efficiently while preserving resources for future ini9a9ves. As of 15th December 2024, the Trust’s year-end balance stood at £18,269.51. This strong posi9on provides a solid founda9on for ongoing ac9vi9es and future growth. Trustees remain commi6ed to transparency and accountability in financial management, ensuring that all resources are used effec9vely to advance the Trust’s mission. The Trustees follow a reserves policy designed to safeguard the charity’s financial health. This ensures the Trust can respond to unexpected challenges while con9nuing to deliver programs without disrup9on. ## **5. Governance and Structure** The Coventry Music Trust is governed by a dedicated Board of Trustees, who provide oversight and strategic direc9on. The Trustees met quarterly throughout the year to review the Trust’s progress, assess financial performance, and ensure compliance with charity regula9ons. Their collec9ve exper9se and commitment have been instrumental in achieving the charity’s objec9ves. The Trust’s governance framework is aligned with best prac9ces, promo9ng transparency, accountability, and effec9ve decision-making. Trustees work closely with staff and volunteers to ensure the smooth opera9on of the Trust’s ac9vi9es and programs. ## **6. Plans for the Future** Coventry Music Trust is commi6ed to expanding its impact within the community. Over the coming year, the Trust aims to increase the number of workshops offered, par9cularly in underserved areas where access to music educa9on is limited. Plans are also in place to launch an annual music fes9val celebra9ng Coventry’s rich musical heritage and providing a plaPorm for local talent. The Trust will ac9vely pursue new partnerships with businesses, community organiza9ons, and donors to secure addi9onal funding. These collabora9ons will support the diversifica9on of programs and extend the Trust’s reach, enabling more people to experience the transforma9ve power of music. By emphasizing innova9on, inclusivity, and sustainability, Coventry Music Trust seeks to build on its successes and create las9ng value for the community. ## **7. DeclaraAon** The Trustees confirm that they have reviewed and approved this Annual Report, which accurately reflects the ac9vi9es and performance of Coventry Music Trust during the financial year ending 15th December 2023. ## **Signed on behalf of the Trustees:** **Name:** Mark Steele **PosiAon: Trustee Date: Thursday, 6. November 2025** ## **Charity Return for Coventry Music Trust** ## **Charity Number** : 1182061 **Repor8ng Period** : 16th December 2022 – 15th December 2023 ## **1. Income and Expenditure Summary** - **Total Income:** £1,465.40 - **Total Expenditure:** £39.99 - **Net Income:** £1,425.41 - **Opening Balance (es8mate based on 27 Sep 2023):** £16,935.16 - **Closing Balance (es8mate based on 9 Sep 2024):** £18,360.57 ## **1.1 Income Breakdown** The Trust received income from various sources totaling £1,465.40 during the visible statement period: ## **1.11 Dona8ons:** £144.75 - December 2023: £93.00 (Christmas concert donaHons) - May 2024: £9.75 (individual donaHon) - June 2024: £10.00 (individual donaHon) - July 2024: £32.00 (individual donaHons) - **1.12 Ticket Sales from Events:** £575.65 - March 2024: £24.50 (Creature Cantata concert) - June 2024: £551.15 (concert Hcket sales) - **1.13 Other Income:** £745.00 - November 2023: £130.00 (payment received) - December 2023: £615.00 (payment received) _The income reflects strong community support for the Trust's mission, with the majority derived from concert :cket sales and generous dona:ons from supporters. The successful Christmas concert in December 2023 and the Creature Cantata concert in March 2024 demonstrated the community's enthusiasm for the Trust's musical programming._ ## **1.2 Expenditure Breakdown** Total expenditure during the visible period was £39.99: - **1.21 Digital Services:** £39.99 - Payment to TuneCore, Inc for digital music distribuHon services, supporHng the Trust's online presence and digital content delivery. The Trust conHnued to maintain a prudent approach to expenditure, focusing resources on direct program delivery while keeping operaHonal costs minimal. The low expenditure reflects the Trust's efficient use of volunteer support and donated resources. ## **2. Ac8vi8es and Achievements** The Coventry Music Trust continued its mission to make music accessible to all members of the Coventry community. During the reporting period, the Trust focused on delivering high-quality music education and fostering community engagement through music. ## **2.1 Key Ac8vi8es** ## **2.11 Community Performances and Concerts** The Trust organized several successful public concerts during the year: - **Christmas Concert (December 2023):** A fesHve performance that brought the community together, generaHng £93.00 in donaHons from aXendees who supported the Trust's mission. - **Creature Cantata Concert (March 2024):** A special musical performance featuring creaHve programming that aXracted audience members and demonstrated the Trust's commitment to innovaHve and engaging musical experiences. - **Summer Concert Season (June 2024):** A highly successful series of performances that generated £551.15 in Hcket sales, showcasing local musical talent and providing accessible cultural experiences for the Coventry community. These concerts not only provided performance opportuniHes for musicians but also served as important fundraising acHviHes, enabling the Trust to sustain and expand its charitable work. ## **2.12 Educa8onal and Support Programs** The Trust conHnued to deliver music educaHon iniHaHves and provide support to young musicians across Coventry, helping to develop musical skills and overcome barriers to parHcipaHon in music. These acHviHes aligned with the Trust's charitable objecHves and demonstrated its ongoing commitment to enriching the cultural life of Coventry through music educaHon and community engagement. ## **3. Financial Posi8on** The Trust maintained a strong financial posiHon throughout the reporHng period: 3.1 **Reserves Posi8on** The Trust holds reserves of approximately £18,360.57, which provides financial stability and enables the charity to plan for future acHviHes with confidence. This level of reserves is in line with the Trustees' reserves policy and ensures the Trust can meet its ongoing commitments while remaining responsive to opportuniHes to expand its charitable impact. 3.2 **Financial Management** The Trustees conHnue to exercise careful stewardship of the Trust's resources. Income exceeded expenditure during the period, reflecHng successful fundraising efforts and the generous support of the Coventry community. The prudent management of funds ensures maximum impact from every pound donated or earned. ## **4. Governance and Compliance** The Coventry Music Trust is governed by a Board of Trustees who oversee all aspects of the charity's operaHons. The Trustees meet regularly to review acHviHes, monitor financial performance, and ensure compliance with charity law and regulaHons. ## **4.1 Trustee Responsibili8es** The Trustees maintain oversight of: - Strategic direcHon and planning - Financial management and controls - Risk management - Regulatory compliance - Safeguarding policies and procedures ## **4.2 Policies and Procedures** The Trust maintains appropriate policies covering financial management, reserves, safeguarding, and operaHonal procedures. These policies are reviewed regularly to ensure they remain fit for purpose and reflect current best pracHce. The Trustees are commiXed to transparency and accountability in all aspects of the Trust's operaHons, ensuring that the charity operates in the public interest and maintains public confidence. ## **5. Plans for the Future** The Coventry Music Trust remains commiXed to expanding its reach and deepening its impact within the Coventry community. Future plans include: - _Expanding Educa:onal Reach:_ Developing partnerships with addiHonal schools and community venues to reach more young people across Coventry, parHcularly in areas where access to music educaHon is limited. - _Building Sustainable Income:_ Pursuing diverse funding sources including grants, donaHons, and earned income from acHviHes to ensure the long-term sustainability of the Trust's programs. - _Strengthening Community Engagement:_ CreaHng more opportuniHes for community parHcipaHon in music-making, including intergeneraHonal projects and collaboraHve performances that bring different parts of the community together. - _Developing Partnerships:_ Working with other local organizaHons, schools, and cultural insHtuHons to maximize the Trust's impact and create a thriving musical culture in Coventry. ## **6. Conclusion** The Coventry Music Trust conHnues to fulfill its charitable mission of making music accessible to all in the Coventry community. Despite operaHng with minimal administraHve costs, the Trust maintains a strong financial posiHon and delivers valuable programs that enrich lives through music. The Trustees remain commiXed to sound financial management, regulatory compliance, and maximizing the impact of the Trust's resources. The year ahead offers exciHng opportuniHes to expand the Trust's work and serve even more people in the Coventry community. **Prepared:** November 2024 **Bank:** Co-operaHve Bank (Account ending 5037) **BIC:** CPBKGB22 **IBAN:** GB32CPBK08929965995037 Dat 25n112022 Déposlts Spond Yearl¥Spond É771.45 £4.142.19 £4.187.L9 £4.246.19 £13.564.42 E45.00 E59 DQ £426 00 0610212021 E40.00 E738.00 29ID312D2 2010412021 £362 00 £16.554.49 £16.587.49 E33.00 E36 ZQ £290 00 ÉIO.DO £44.92 28ID612023 L4ID712D21 1910712021 £16.968.61 £16.935.16 1110912023 £33.45 BRANCH". BUSINESS DIRECTPLUS 29965995037Lh) PAGE 4 BIC.. CPBKGB22 IBAN.. GB32CPBK08929965995 TYPE.. COMMUNifrf DIFI COVEMfRY MUSICTHUST 27 APR 23 D￿rf￿on Wmhdrawals D8posAs Bdanc 25 NOV 22 B￿ouGHT FOFIWARD 4.142.19 09 DEC ¥2 Sumup Paym8nls PLC PID219158-SUMUP 4,187.19 13DEC22 Sumup Payments PLC PID220694-SUMUP 4,248.19 21 DEC 22 8687 PO 09X15DEC21 426. 4.672.19 06 FEB 23 THE ALAN EDWARD HI Grant 12.171.00 16.843.19 21 MAR 23 Sumup Payments PLC PID26452&SUMUP 16,8B3.19 29 MAR 23 Co¥*mry Clty Coun 7899231 Cov Mus 29￿R28 Sumup Payments PLC PID26790&SUMUP 16,151.19 20 APR 23 8687 PO 10.'59APR20 362.00 16.513.19