NORTH MUSIC TRUST

• ◆

  6 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Azets Audit Services

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Our trustees have thoroughly checked, and they're confident that we have the resources to keep going strong for the foreseeable future. So, we're continuing with our current plans and preparing our financial statements accordingly. Based on these factors set out above, the trustees believe that it remains appropriate to prepare the financial statements on a going concern basis.”

Group structure

1. NORTH MUSIC TRUST · parent
   1. Music North Limited 100% · United Kingdom · Supporting activities to the performing arts
   2. Royal Northern Sinfonia 100% · United Kingdom · Performances for the Royal Northern Sinfonia

Significant events

• “The Glasshouse celebrates 20 years of extraordinary impact, adding nearly £1 billion in combined economic and social value to the UK.”
• “The company added £14.1 million in social value this year through education, inclusion and community programmes, reaching 8 million people through live music and 1.8 million engagements with young people.”
• “Plans include launching a new Music Academy, becoming the most financially accessible music centre in Europe, entering a creatively ambitious era, and investing in the iconic building.”
• “Sir Martin Narey stepped down as Chair in December 2024 after years of dedicated service.”
• “The Glasshouse put on 462 individual performance events, reaching over 2.2 million people, and distributed nearly 20,000 free or heavily discounted tickets.”
• “The organisation welcomed back the weekend-long BBC Proms festival in June 2024, which was bigger than ever with over 5,000 music lovers.”
• “New Artistic partners The Unthanks, Corinne Bailey Rae and Maria Włoszczowska were announced to create new work and champion emerging artists.”
• “The Glasshouse expanded its digital commissioning work, launching its first in-building digital-led installation, The Mother Goose Series, in April 2025.”
• “The company was awarded Gold standard by Green Meetings, verifying its environmental credentials.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

16

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

6

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +15.6%

  £8,726,913 → £10,091,774

• Cash

  -11.9%

  £7,967,612 → £7,018,079

• Net assets

  +14.5%

  £14,339,669 → £16,421,024

• Employees

  0%

  405 → 405

• Wages

  +6.3%

  £6,893,829 → £7,327,321

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers