Charity Accounts Intelreading the accounts so you don’t have to

THE PERFORMING RIGHT SOCIETY FOUNDATION

Registered charity 1080837 · accounts filings on the Charity Commission register · also known as PRS FOR MUSIC FOUNDATION, PRSF

PRS Foundation is the UK's leading charitable funder of new music and talent development. Since 2000 it has given more than £50 million to over 9,000 new music initiatives by awarding grants and leading partnership programmes. PRS Foundation supports an exceptional range of new music activity, from showcases and commissions to a network of talent development partners www.prsfoundation.com

Causes: Arts/culture/heritage/science · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£5.1m
Latest spending
£4.8m
Registered
2000
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net surplus of £291,011 for the year ended 31 December 2024, with total income of £5,067,548 against total expenditure of £4,776,537. The trustees confirm that free reserves stood at £149,131, which is sufficient to cover the estimated operating costs for the first quarter of the following year.

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

What the accounts disclose

Highest-paid employee band: £70,001 - £80,000 — above the median for charities its size (£70k)
“One employee received emoluments, excluding pension contributions, of between £70,000 - £80,000 (2023: one employee between £70,000 - £80,000).” — page 32
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“One employee received emoluments, excluding pension contributions, of between £70,000 - £80,000 (2023: one employee between £70,000 - £80,000).” — page 32
Per its FY2024 accounts as filed with the Charity Commission.
Fundraising cost ratio: 2.1% of fundraised income, as disclosed
“Expenditure incurred to generate income is minimal (2.1% of funds raised; 2023: 2,7%) as the fundraising function is integrated with the Chief Executive's responsibility to work strategically with a broad range of funding partners who share our objectives.”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three months of unrestricted expenditure (held: £149k)
“The trustees intend that our free reserves, i.e. the unrestricted reserves of the Foundation, excluding those designated or tied up in fixed assets, will cover the operating costs of the charity for the first quarter of the following year.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Lindeyer Francis Ferguson Limited. Discloses 6 of 6 completeness components.

Corporate structure

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

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.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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

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

Total income
£5.1m
Total spending
£4.8m
Cost of raising funds
£106k
Reserves (reported)
£150k
Employees
14

Reported reserves equal ~0.4 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, cost of raising funds: 2.1% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

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

Income and spending

Financial year endIncomeSpending
31/12/2024£5.1m£4.8m
31/12/2023£4.2m£4.2m
31/12/2022£4.0m£4.2m
31/12/2021£4.2m£4.1m
31/12/2020£3.9m£3.9m

Common questions

Is THE PERFORMING RIGHT SOCIETY FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £291,011 for the year ended 31 December 2024, with total income of £5,067,548 against total expenditure of £4,776,537. The trustees confirm that free reserves stood at £149,131, which is sufficient to cover the estimated operating costs for the first quarter of the following year. Its FY2024 accounts were audited by Lindeyer Francis Ferguson Limited.

What does the highest-paid employee of THE PERFORMING RIGHT SOCIETY FOUNDATION earn?

Per its FY2024 accounts, the highest-paid employee was in the £70,001 - £80,000 band, and 1 employees earned over £60,000.

Government & lottery funding

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

FunderDateAmountPurpose
UK government01/03/2024£300kInvestment Funds
UK government01/03/2024£300kInvestment funds
UK government01/03/2024£30kInvestment funds
UK government11/11/2021£40kInternational Showcase Fund

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.

FunderSimilar charities fundedAmount to them
THE ADRIAN SWIRE CHARITABLE TRUST2£48k
THE VERNON ELLIS FOUNDATION2£4k
ANA LEAF FOUNDATION1£1.0m
IGY FOUNDATION1£750k
THE RUMI FOUNDATION1£550k
The Ashley Tabor-King Foundation1£500k
PETER DUBENS FAMILY FOUNDATION1£300k
THE RUBIN FOUNDATION CHARITABLE TRUST1£300k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with PRS MEMBERS' FUND.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE PERFORMING RIGHT SOCIETY FOUNDATION£5.1m£70,001 - £80,0001above2.1%no doubt
PRS MEMBERS' FUND FY2025£1.4m—0unclear—no doubt
PERSULA FOUNDATION FY2025£1.3m—0unclear—no doubt
CONTINUO FOUNDATION FY2024£330k—0unclear—no doubt
THE ROYAL SOCIETY OF MUSICIANS OF GREAT BRITAIN FY2025£1.4m£60,001 - £70,0001unclear—no doubt
THE MUSIC FOR SCHOOLS FOUNDATION FY2025£608k—0above—no doubt

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