Finance Score: 2

Governance Score: 9

Support Score: 7

Low unrestricted reserves: -2
Reasonable growth: +1
Fundraising costs low: +3

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +7

Overall GiG Score: 18

GLOUCESTERSHIRE ACADEMY OF MUSIC LIMITED

MUSICAL AND PERFORMANCE EDUCATION OF CHILDREN AND YOUNG PEOPLE

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker recently
There has been reasonable growth in spending over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
Fundraising costs are low relative to funds raised
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/08/22		£525	£453	£72	£44	£269	£61	1.6	9	18
31/08/21		£326	£343	£-17	n/a	n/a	n/a	n/a	n/a	20
31/08/20		£298	£302	£-3	n/a	n/a	n/a	n/a	n/a	20
31/08/19		£303	£311	£-8	n/a	n/a	n/a	n/a	n/a	20
31/08/18		£308	£283	£25	£0	£0	£0	n/a	0	20
31/08/17		£267	£266	£1	£0	£0	£0	n/a	0	0
31/08/16		£237	£229	£8	£0	£0	£0	n/a	0	0
31/08/15		£169	£176	£-7	£0	£0	£0	n/a	0	0
31/08/14		£168	£176	£-8	£0	£0	£0	n/a	0	0
31/08/13		£155	£152	£4	£0	£0	£0	n/a	0	0
31/08/12		£156	£144	£13	£0	£0	£0	n/a	0	0
31/08/11		£140	£133	£7	£0	£0	£0	n/a	0	0
31/08/10		£140	£125	£15	£0	£0	£0	n/a	0	0
31/08/09		£129	£123	£6	£0	£0	£0	n/a	0	0
31/08/08		£127	£107	£21	£0	£0	£0	n/a	0	0
31/08/07	*	£127	£126	£0	£0	£0	£0	n/a	0	0
31/08/06	*	£132	£137	£-5	£0	£0	£0	n/a	0	0
31/08/05		£39	£40	£-1	£0	£0	£0	n/a	0	0
31/08/04		£38	£34	£4	£0	£0	£0	n/a	0	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 8.5%
Fundraising Costs/Total Spending: 9.6%
Highest pay band: Less than £60,000
Liabilities/Assets: 11%
Liabilities/Income: 7%
Unrestricted Funds/Total Funds: 23%
Reserves/Spending: 1.6 months
Net Current Assets/Spending: 7 months
Quick Ratio: 8.3

Asset Split ?

Established: 23 years
(31 years as a company)

www.glosacadmusic.org

finance@glosacadmusic.org

01452 668592

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Provides human resources

Where it operates

Gloucestershire,

Who it helps

Children/Young People
Other Defined Groups

Who works here?

9 employees
18 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Architectural Heritage Fund	£50,000
The Foyle Foundation	£40,000
Garfield Weston Foundation	£15,000

Specific Donations

Amount	When Months	To be used for
The Foyle Foundation - Learning (MGS)
£40,000	20/09/2022	specifically towards the purchase of the building (not the capital project development costs)
Architectural Heritage Fund - Grant to Gloucestershire Academy of Music
£25,000	03/10/2021	Barbican House
Garfield Weston Foundation - Main Grants award
£15,000	04/12/2020	Core funding
Architectural Heritage Fund - Grant to Gloucestershire Academy of Music
£25,000	30/10/2020	Barbican House

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (12)

Current Trustees appointed

Gender Split

Based on 11/12 persons

Age Range of Trustees: 37-77

FENNER CURTIS Appointed: 2022, Occupation: Arts Administrator

AMELIA CONWAY-JONES Appointed: 2022, Occupation: Professional Musician

CHARLES FREDERIC BASIL WOODD Appointed: 2023, Occupation: Financial Director

DEBORAH LANYON Appointed: 2022, Occupation: Arts Pr And Admin

GILLIAN MARGARET GREENWELL Appointed: 2021, Occupation: Retired

IAN RICHARD MEAN Appointed: 2022, Occupation: Communications Consultant

JAMES KEMP Appointed: 2024, Occupation: Property Consultant

JENNIFER AVISS Appointed: 2022, Occupation: Educational Consultant

SUPRIYA KESEVAN Appointed: 2023, Occupation: Actuary

DR DAMIAN KENNY Appointed: 2018, Occupation: Medical Practitioner, Other trusteeship: GLOUCESTERSHIRE SYMPHONY ORCHESTRA,

STEPHEN PHILIP BELINFANTE Appointed: 2015, Occupation: Retired

VIVIENNE MANUELITA RAE HARGREAVES Appointed: 2013, Occupation: Journalist

Legal constitution

Charitable company registered in England & Wales on 21/03/2001, number: 1085708
Registered at Companies House on 05/03/1993, number: 02796427

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

19 returns made; AR07: 23 days late, AR06: 25 days late,

Main office

BARBICAN HOUSE
31
BARBICAN ROAD
GLOUCESTER
GL1 2JF

Objectives

TO ADVANCE PUBLIC EDUCATION BY THE PROMOTION OF THE STUDY PRACTICE KNOWLEDGE AND APPRECIATION OF THE ART OR SCIENCE OF MUSIC AND OTHER PERFORMING ARTS.

Defined Area of Benefit:

NOT DEFINED. IN PRACTICE GLOUCESTERSHIRE

Data Sources