SHEFFIELD MUSIC ACADEMY
Sheffield Music Academy exists to inspire excellence and provide a comprehensive, stimulating programme of learning to musicians aged 4-19 with outstanding ability, dedication and potential across South Yorkshire and beyond. A thriving and vibrant music school; students have the opportunity to develop their talent and grow in self-confidence through over 40 public performances a year.
Financial health, per its FY2025 accounts
The charity reported a small surplus of £10,055 for the year, with total income of £479,151 against expenditure of £469,096. Free reserves in unrestricted funds stood at £195,522, which the trustees noted were sufficient to cover operations for 21.2 weeks, though this was below their stated policy target of 26 weeks. The accounts were prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
Structured financials (annual return, FY ending 31/07/2024)
Register events
- Received assets from another charity (14/03/2017)
Trustees
- Ian Richard Falconerchair
- Angela Brumpton
- Dr Ning Ma
- EMILY PIETERS
- Mary Gayford
- Sara Unwin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £479k | £469k |
| 31/07/2024 | £519k | £510k |
| 31/07/2023 | £791k | £773k |
| 31/07/2022 | £495k | £559k |
| 31/07/2021 | £445k | £454k |
Common questions
Is SHEFFIELD MUSIC ACADEMY financially healthy?
Per its FY2025 accounts: The charity reported a small surplus of £10,055 for the year, with total income of £479,151 against expenditure of £469,096. Free reserves in unrestricted funds stood at £195,522, which the trustees noted were sufficient to cover operations for 21.2 weeks, though this was below their stated policy target of 26 weeks. The accounts were prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were independently examined.
Who funds SHEFFIELD MUSIC ACADEMY?
Funders whose own accounts filings name SHEFFIELD MUSIC ACADEMY as a grant recipient include THE WOLFSON FOUNDATION, PHILIP KING CHARITABLE TRUST, SCHRODER CHARITY TRUST, CHURCH BURGESSES TRUST, SHEFFIELD TOWN TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE WOLFSON FOUNDATION | FY2024 | £200k | Restoration of Canada House to create a music education and performance venue (Harmony Works) |
| PHILIP KING CHARITABLE TRUST | FY2023 | £25k | Befriending Project for the over 25s |
| PHILIP KING CHARITABLE TRUST | FY2025 | £25k | Supporting young musicians |
| PHILIP KING CHARITABLE TRUST | FY2024 | £17k | Supporting young musicians |
| SCHRODER CHARITY TRUST | FY2024 | £4k | |
| CHURCH BURGESSES TRUST | FY2022 | £3k | General charitable grant |
| SHEFFIELD TOWN TRUST | FY2023 | £3k | Non-recurring grant |
| SHEFFIELD TOWN TRUST | FY2022 | £2k | |
| THE JOHN THAW FOUNDATION | FY2023 | £1k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 08/03/2023 | £4.9m | "HERITAGE ENTERPRISE Canada House a home for Harmony Works" |