Finance Score: -7

Governance Score: 4

Support Score: 6

Qualified accounts: -3
Spending falling: -1
Volatile income: -3
No PartB

Narrow trustee age band: -2
Dynamic board: +3
Gender balanced board: +3

Overall weighted support: +6

Overall GiG Score: 3

SERIOUS TRUST LIMITED

Serious Trust celebrates the potential of music to have a postive impact on lives. We instigate music-based learning and participation activities, professional development programmes for musicians and support the creation of new music. Our aims are achieved primarily by supporting (as a grant maker) Serious Events, highly respected producers of live jazz, international and contemporary music.

Analysis by Giving is Great

Positives:

A significant proportion of recent income was derived from major grant makers
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board has little diversity in terms of age

Financial issues to consider:

The latest accounts were qualified
Spending has fallen significantly over the last 5 years relative to the previous period
Income has been volatile recently
A PartB annual return has not been required and so detailed financial information is not available from the online data

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
?31/03/23	£71	£49	£22	n/a	n/a	n/a	n/a	n/a	n/a
31/03/22	£54	£27	£27	n/a	n/a	n/a	n/a	n/a	n/a
31/03/21	£125	£169	£-44	n/a	n/a	n/a	n/a	n/a	n/a
31/03/20	£225	£182	£42	n/a	n/a	n/a	n/a	n/a	n/a
31/03/19	£159	£166	£-7	n/a	n/a	n/a	n/a	n/a	n/a
31/03/18	£126	£134	£-7	n/a	n/a	n/a	n/a	n/a	n/a
31/03/17	£117	£111	£6	n/a	n/a	n/a	n/a	n/a	n/a
31/03/16	£125	£131	£-6	n/a	n/a	n/a	n/a	n/a	n/a
31/03/15	£141	£133	£8	n/a	n/a	n/a	n/a	n/a	n/a
31/03/14	£98	£85	£13	n/a	n/a	n/a	n/a	n/a	n/a
31/03/13	£45	£43	£2	n/a	n/a	n/a	n/a	n/a	n/a

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Highest pay bracket: less than £60,000

Established: 13 years

www.serious.org.uk

02073241880

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Makes grants to organisations
Provides services

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

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

Specific Donations

Amount	When Months	To be used for
Backstage Trust - Project grant
£12,500	10/03/2023	Development and build of a new Customer Relationship Management database
Esmee Fairbairn - Grant to Serious Trust Ltd
£55,000	26/03/2020 12	Towards COVID-19 extra support grant
Esmee Fairbairn - Grant to Serious Trust Ltd
£165,000	05/12/2018 36	Towards talent development programmes and progression routes for diverse musicians to grow sustainable careers in jazz and international music in the UK.
Youth Music - Pass It On 2018-19
£30,000	23/11/2018	Pass It On 2018-19
Youth Music - Pass It On: Edition 4 2017
£30,000	16/03/2017	Pass It On: Edition 4 2017
Esmee Fairbairn - Grant to Serious Trust Ltd
£150,000	22/07/2015 36	Towards the salaries of the head of learning and participation, and learning assistant to ensure a diversity of music and learning experiences for audiences across the UK.
Esmee Fairbairn - Grant to Serious Trust Ltd
£88,052	22/02/2012	Towards the salary of the associate director, development and learning.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Based on 6/7 persons

Age Range of Trustees: 47-64

ANITA SCOTT Appointed: 2014, Occupation: P R Consultant

ANNA FEUCHTWANG Appointed: 2023, Occupation: Chief Executive

FRONIGA LAMBERT Appointed: 2023, Occupation: Chief Operating Officer

JOEL KIBAZO (Chair) Appointed: 2019, Occupation: Founding Partner

RODRIGO AMALFI VOSS Appointed: 2023, Occupation: Operations Manager

STEPHEN DUDLEY SMITH Appointed: 2014, Occupation: Chartered Accountant

VERA KWAKOFI Appointed: 2017, Occupation: Bbc Africa Tv Editor

Legal constitution

Charitable company registered in England & Wales on 19/01/2012, number: 1145535
Registered at Companies House on 15/12/2011, number: 07883912

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
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
Trustee expenses policy and procedures
Volunteer management

Filing Record

11 returns made; all on time

Main office

Serious Ltd
Pill Box
Unit 503
115 Coventry Road
London

Objectives

THE OBJECTS OF THE CHARITY ARE: (1) TO ADVANCE EDUCATION FOR THE PUBLIC BENEFIT WITH PARTICULAR REFERENCE TO PUBLIC APPRECIATION OF MUSIC IN ALL ITS FORMS, PROMOTING A KNOWLEDGE AND UNDERSTANDING OF MUSIC AND FOSTERING THE PRACTICE OF MUSIC ARTISTS. (2) TO ADVANCE THE ARTS AND CULTURE FOR THE BENEFIT OF THE GENERAL PUBLIC, PARTICULARLY (BUT NOT LIMITED TO) BY PROMOTING AND FACILITATING ACCESS TO AND PERFORMANCES OF MUSIC.

Data Sources

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