AWARDS FOR YOUNG MUSICIANS

Registered charity 1070994 · accounts filings on the Charity Commission register · also known as THE MUSICAS FUND, Young Sounds UK

We work across a number of partnership programmes to enable musically talented young people from low income families to fulfil their potential.

Causes: Education/training · Arts/culture/heritage/science · website · Get email alerts

Latest income
£2.5m
Latest spending
£2.2m
Registered
1998
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves of £671,142 exceed the charity's stated policy target of covering six months of operational costs. The charity reported a net income increase of 31% to £2,528,118, driven by growth in both restricted and unrestricted funds, with total expenditure rising proportionally to support programme expansion.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £90,001 - £100,000 — in the top quarter for charities its size (median £70k)
“One employee earned between £90,000 and £99,999 during the year” — page 57
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“One employee earned between £90,000 and £99,999 during the year” — page 57
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: six months operational costs (held: £671k)
“Unrestricted carried funds of £676,142 exceed the charity’s reserves policy target of covering 6 months operational costs” — page 42
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: 14
“During the year, eleven trustees donated a total of £11,641 to the charity (2024: £2,850 from 3 trustees). No special trusts or conditions were imposed on this funding, it was under usual terms. Five trustees were reimbursed travel expenses totalling £1,783 (2024: £1,699 to 4 trustees)” — page 63
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Albert Goodman Chartered Accountants. Discloses 6 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Corporate structure

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

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

Structured financials (annual return, FY ending 31/12/2025)

Total income
£2.5m
Total spending
£2.2m
Cost of raising funds
£112k
Reserves (reported)
£671k
Employees
12

Reported reserves equal ~3.7 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, cost of raising funds: 4.4% of total income — below the median for charities its size (5.2%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2025£2.5m£2.2m
31/12/2024£1.9m£1.7m
31/12/2023£1.4m£1.5m
31/12/2022£1.4m£1.4m
31/12/2021£1.1m£1.2m

Common questions

Is AWARDS FOR YOUNG MUSICIANS financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves of £671,142 exceed the charity's stated policy target of covering six months of operational costs. The charity reported a net income increase of 31% to £2,528,118, driven by growth in both restricted and unrestricted funds, with total expenditure rising proportionally to support programme expansion. Its FY2025 accounts were audited by Albert Goodman Chartered Accountants.

What does the highest-paid employee of AWARDS FOR YOUNG MUSICIANS earn?

Per its FY2025 accounts, the highest-paid employee was in the £90,001 - £100,000 band, and 1 employees earned over £60,000.

Who funds AWARDS FOR YOUNG MUSICIANS?

Funders whose own accounts filings name AWARDS FOR YOUNG MUSICIANS as a grant recipient include THE NATIONAL FOUNDATION FOR YOUTH MUSIC, THE KARLSSON JATIVA CHARITABLE FOUNDATION, THE SCOPS ARTS TRUST, THE EMMANUEL KAYE FOUNDATION, ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE NATIONAL FOUNDATION FOR YOUTH MUSICFY2023£300k
THE KARLSSON JATIVA CHARITABLE FOUNDATIONFY2022£45k
THE SCOPS ARTS TRUSTFY2022£40kGrants pledged for payment in later years
THE KARLSSON JATIVA CHARITABLE FOUNDATIONFY2023£40kFurthering Talent Connect programme
THE EMMANUEL KAYE FOUNDATIONFY2023£40kBasingstoke and Alton Cardiac Rehabilitation
ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENTFY2021£28kEducational projects
THE CHILDHOOD TRUSTFY2022£24k
MARTIN CHARITABLE TRUSTFY2025£23k
THE SCOPS ARTS TRUSTFY2021£20kMusic Education & Engagement (children)
THE KARLSSON JATIVA CHARITABLE FOUNDATIONFY2021£20ksupport delivery of its Furthering Talent programme
THE ADRIAN SWIRE CHARITABLE TRUSTFY2022£20k
THE CECIL KING MEMORIAL FOUNDATIONFY2024£17kPromotion and Performance of the Arts
MARTIN CHARITABLE TRUSTFY2026£15k
THE KIRBY LAING FOUNDATIONFY2023£10kThe Arts
Q CHARITABLE TRUSTFY2024£10k
MIDDLE WAY TRUSTFY2025£10k
MARTIN CHARITABLE TRUSTFY2024£8k
THE HAROLD HYAM WINGATE FOUNDATIONFY2025£5k
THE CECIL KING MEMORIAL FOUNDATIONFY2025£5kPromotion and Performance of the Arts
THE ADRIAN SWIRE CHARITABLE TRUSTFY2023£5k
THE LIZ AND TERRY BRAMALL FOUNDATIONFY2024£5k
MIDDLE WAY TRUSTFY2024£5k
THE HAROLD HYAM WINGATE FOUNDATIONFY2023£5k
MARTIN CHARITABLE TRUSTFY2023£5k
The Ethos FoundationFY2023£5kOther smaller grants
MIDDLE WAY TRUSTFY2023£5k
The Patricia Routledge FoundationFY2025£5k
COLWINSTON CHARITABLE TRUSTFY2024£5kSupport young Welsh musicians from low-income families.
THE HAROLD HYAM WINGATE FOUNDATIONFY2022£5k
THE KEN AND EDNA MORRISON CHARITABLE TRUSTFY2023£3k
THE KEN AND EDNA MORRISON CHARITABLE TRUSTFY2024£3k
The Patricia Routledge FoundationFY2022£3k
THE EDWARD CADBURY CHARITABLE TRUSTFY2025£3kEducation and Training
The Patricia Routledge FoundationFY2024£3k
THE CHILDHOOD TRUSTFY2023£3k
THE SCOPS ARTS TRUSTFY2022£3kGrants awarded and paid during the period
MISSES BARRIE CHARITABLE TRUSTFY2022£3k
MISSES BARRIE CHARITABLE TRUSTFY2023£2k
CHAPMAN CHARITABLE TRUSTFY2022£2k
THE CHARLOTTE BONHAM-CARTER CHARITABLE TRUSTFY2024£2k
THE ALICE ELLEN COOPER-DEAN CHARITABLE FOUNDATIONFY2024£2k
MISSES BARRIE CHARITABLE TRUSTFY2026£2k
THE RAINFORD TRUSTFY2022£2kWelfare
THE GOLSONCOTT FOUNDATIONFY2024£1k
THE EDWARD AND DOROTHY CADBURY TRUSTFY2024£1kArts and Culture
THE EDWARD AND DOROTHY CADBURY TRUSTFY2023£1kArts and Culture
THE JESSIE SPENCER TRUSTFY2022£1kArts
THE OAKDALE TRUSTFY2022£1k
THE GOLSONCOTT FOUNDATIONFY2023£1k
THE EMMANUEL KAYE FOUNDATIONFY2022—

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
Community Foundation North East21/10/2021£6kA grant to Awards for Young Musicians

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.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with QUESTORS YOUNG MUSICIANS CLUB.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
AWARDS FOR YOUNG MUSICIANS£2.5m£90,001 - £100,0001above—no doubt
QUESTORS YOUNG MUSICIANS CLUB FY2025£102k—0above—no doubt
EARLY MUSIC AS EDUCATION FY2025£137k—0within—no doubt
THE NATIONAL FOUNDATION FOR YOUTH MUSIC FY2025£13.3m——unclear—no doubt
THE NATIONAL YOUTH ORCHESTRA OF GREAT BRITAIN FY2025£5.2m——unclear—no doubt
YOUTH MUSIC CENTRE FY2025£114k—0unclear—no doubt

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