BRITISH RECORD INDUSTRY TRUST

Registered charity 1000413 · accounts filings on the Charity Commission register · also known as BRIT TRUST

Founded by the recorded music industry in 1989, The BRIT Trust works to promote diversity and inclusion in the UK by empowering people of all backgrounds through music and the creative arts. The BRIT Trust makes donations to support education and wellbeing activities that inspire people to realise their full potential and life chances, whatever their abilities, ethnicity, gender and sexuality.

Causes: Education/training · Disability · Arts/culture/heritage/science · Human Rights/religious Or Racial Harmony/equality Or Diversity · Grant history (this charity is a funder) · website · Get email alerts

Latest income

£1.5m

Latest spending

£1.3m

Registered

1990

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that total reserves stood at £14,466,480, which is below the Trustees' stated policy target of £20 million. The charity reported a net income of £1,478,815 for the year, driven largely by a significant net gain on investments of £1,253,889.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £14.5m; policy: at least £20 million)

“As the Funds sit below the £20m target, it remains the Trustees’ long term intention to continue to build reserves until the target is reached.”

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Dr Jo Twist OBE and YolanDa Brown OBE were directors of BRIT Awards Limited, which donated £1,000,000 to the Trust.

“Dr Jo Twist OBE and YolanDa Brown OBE, who were Trustees of the charity during the year, were directors of BRIT Awards Limited during the year, which has donated £1,000,000 (2023: £1,357,500) to the Trust in the year.” — page 24

“The Trust is run from the offices of BPI, which also provides staff to administer the Trust. A consideration of £100 + irrecoverable VAT is charged for these services.” — page 24

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: BPI provides staff to administer the Trust and charges £100 + irrecoverable VAT for these services.

“Dr Jo Twist OBE and YolanDa Brown OBE, who were Trustees of the charity during the year, were directors of BRIT Awards Limited during the year, which has donated £1,000,000 (2023: £1,357,500) to the Trust in the year.” — page 24

“The Trust is run from the offices of BPI, which also provides staff to administer the Trust. A consideration of £100 + irrecoverable VAT is charged for these services.” — page 24

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Paul Burger OBE was a director of The BRIT School, which received a grant of £600,000.

“Dr Jo Twist OBE and YolanDa Brown OBE, who were Trustees of the charity during the year, were directors of BRIT Awards Limited during the year, which has donated £1,000,000 (2023: £1,357,500) to the Trust in the year.” — page 24

“The Trust is run from the offices of BPI, which also provides staff to administer the Trust. A consideration of £100 + irrecoverable VAT is charged for these services.” — page 24

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: David Munns OBE was a director of Nordoff and Robbins, which received a grant of £450,000.

“Dr Jo Twist OBE and YolanDa Brown OBE, who were Trustees of the charity during the year, were directors of BRIT Awards Limited during the year, which has donated £1,000,000 (2023: £1,357,500) to the Trust in the year.” — page 24

“The Trust is run from the offices of BPI, which also provides staff to administer the Trust. A consideration of £100 + irrecoverable VAT is charged for these services.” — page 24

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Caroline Dollimore was a Trustee of Key4Life, which received a grant of £30,000.

“Dr Jo Twist OBE and YolanDa Brown OBE, who were Trustees of the charity during the year, were directors of BRIT Awards Limited during the year, which has donated £1,000,000 (2023: £1,357,500) to the Trust in the year.” — page 24

“The Trust is run from the offices of BPI, which also provides staff to administer the Trust. A consideration of £100 + irrecoverable VAT is charged for these services.” — page 24

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by RSM UK Audit LLP. Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): instagram

Structured financials (annual return, FY ending 31/12/2024)

Total income

£1.5m

Total spending

£1.3m

Cost of raising funds

£61k

Reserves (reported)

£14.5m

Employees

0

Reported reserves equal ~132.3 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (74% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 4.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Angela Claire Mary Watts
Caroline Dollimore · trustee of 1 other charity
DAVID RICHARD SHARPE
Daniel Curr McQueen Chalmers
David Peter Munns
Dr Joanna Louise Twist
Henry Semmence
Jessica Ruth Carsen
Kwame Kwaten
Mulika Sannie
Paul Jeffrey Burger OBE · trustee of 1 other charity
RITA BROE
TONY WADSWORTH CBE · trustee of 1 other charity
YolanDa Faye Brown · trustee of 1 other charity

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England

Income and spending

Financial year end	Income	Spending
31/12/2024	£1.5m	£1.3m
31/12/2023	£1.8m	£1.0m
31/12/2022	£1.1m	£1.2m
31/12/2021	£414k	£1.1m
31/12/2020	£1.7m	£1.2m

Common questions

Is BRITISH RECORD INDUSTRY TRUST financially healthy?

Per its FY2024 accounts: The accounts state that total reserves stood at £14,466,480, which is below the Trustees' stated policy target of £20 million. The charity reported a net income of £1,478,815 for the year, driven largely by a significant net gain on investments of £1,253,889. Its FY2024 accounts were audited by RSM UK Audit LLP.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
The ROSL Foundation	1	—
STANDARD CHARTERED FOUNDATION	1	£60.0m
Z V M RANGOONWALA FOUNDATION	1	£725k
THE SHANTA FOUNDATION	1	£500k
CRODA FOUNDATION	1	£420k
THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANS	1	£391k
THE NISBET TRUST	1	£335k
CARETECH CHARITABLE FOUNDATION	1	£266k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE JULIAN BREAM TRUST.

THE JULIAN BREAM TRUST income £125k
BRISTOL MUSIC TRUST income £14.4m
BRITISH MOTOR SPORTS TRAINING TRUST income £122k
THE BRITISH SPORTS TRUST income £2.3m
THE BRITISH ACADEMY OF FILM AND TELEVISION ARTS income £29.3m
THE BRITISH ASIAN TRUST income £12.5m

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
BRITISH RECORD INDUSTRY TRUST	£1.5m	—	0	below	—	no doubt
THE JULIAN BREAM TRUST FY2025	£125k	—	0	unclear	—	no doubt
BRISTOL MUSIC TRUST FY2025	£14.4m	—	—	below	—	no doubt
BRITISH MOTOR SPORTS TRAINING TRUST FY2025	£122k	—	0	unclear	—	no doubt
THE BRITISH SPORTS TRUST FY2025	£2.3m	—	—	unclear	—	no doubt
THE BRITISH ACADEMY OF FILM AND TELEVISION ARTS FY2024	£29.3m	—	—	unclear	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.