Finance Score: -2

Governance Score: 0

Support Score: 6

Accounts filed more than 5 days late: -2 times
No PartB

(no info on trustees)

Grant maker support: +6

Overall GiG Score: 4

TRAD MUSIC TRUST

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
There have been no income shortfalls in recent years

Financial issues to consider:

Accounts have been filed late on 2 occasions over the last 5 years

Financial Data

Income & Spending ?

Period ending	01/04/19	01/04/20	01/04/21	01/04/22	01/04/23
Total income	£21,028	£52,246	£79,735	£88,261	£84,813
Total spending	£11,725	£52,092	£77,870	£72,037	£81,700
Surplus/deficit	£9,303	£154	£1,865	£16,224	£3,113

Established: 6 years

www.tradmusic.com

Listed activities

It carries out activities or services itself

GiG Classification

Performing and visual arts

Purposes

The advancement of education
The advancement of the arts, heritage, culture or science
The provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended

Where it operates

Wider, but within one local authority area, main operating location: Dumfries And Galloway

Who it helps

No specific group, or for the benefit of the community

Who supports 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

Foundation Scotland	£35,700
National Lottery Community Fund	£9,299
Co-Operative Group	£2,802
Hands Up for Trad	£500

Specific Donations

Amount	When Months	To be used for
Foundation Scotland - Trad Music Trust Arts Programme
£15,617	20/07/2023 12	To contribute to costs relating to the supporting the Trust to build its income generating potential, including creating an apprenticeship and core salary costs.
Hands Up for Trad - Seachdain na Gàidhlig in Galloway
£500	22/12/2022	Seachdain na Gàidhlig in Galloway
National Lottery Community Fund - Newton Stewart & Minnigaff Traditional Music & Dance Festival
£9,299	26/07/2021	This group will use the funding to purchase staging and lighting equipment enabling them and other groups to host various community events at a lower cost.
Foundation Scotland - Grant to Trad Music Trust
£17,183	18/03/2021	To contribute to a range of staff and tutor costs and equipment associated with running Trad Music Trust activities from the Vault Arts Centre in Newton Stewart.
Co-Operative Group - Grant to Trad Music Trust
£2,802	24/10/2020	We will deliver a regular programme of traditional music, dance and language tuition and live performances in a new community arts centre.
Foundation Scotland - Vault Arts Centre
£2,900	15/10/2019 12	To contribute to the running costs of the Vaults Arts Centre.
Foundation Scotland - Vaults Arts Centre
£6,500	26/02/2019 11	To contribute to costs of an annual music festival and development of a new music centre.

Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees

Sorry we have no information about the Trustees.

Legal constitution

Charity registered in Scotland on 08/08/2018, number: SC048610

Filing Record

4 returns made; AR20: 135 days late, AR19: 38 days late,

Main office

The Vault Arts Centre, 40 Victoria Street, Newton Stewart, Wigtownshire, DG8 6BT

Objectives

4. The organisation's purposes are: 4.1. the advancement of education in traditional music, dance and language by encouraging, supporting, delivering, developing and promoting traditional music, dance and language learning and education through a range of workshops, talks, training days and other educational events and opportunities. 4.2. the provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended. 4.3. the advancement of the arts, heritage and culture of Scotland and other Celtic nations

Data Sources