SHEFFIELD MUSIC ACADEMY

Registered charity 1143420 · accounts filings on the Charity Commission register

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.

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

Latest income
£479k
Latest spending
£469k
Registered
2011
Accounts read
FY2025

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.

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

What the accounts disclose

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

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

Structured financials (annual return, FY ending 31/07/2024)

Total income
£519k
Total spending
£510k
Cost of raising funds
£6k
Reserves (reported)
£175k
Employees
28

Reported reserves equal ~4.1 months of spending — below the median for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Charitable activities (82% 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: 1.2% of total income — below the median for charities its size (2.9%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Barnsley · Derbyshire · Doncaster · East Riding Of Yorkshire · Nottinghamshire · Rotherham · Sheffield City

Income and spending

Financial year endIncomeSpending
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

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

FunderYearAmountPurpose (as stated by the funder)
THE WOLFSON FOUNDATIONFY2024£200kRestoration of Canada House to create a music education and performance venue (Harmony Works)
PHILIP KING CHARITABLE TRUSTFY2023£25kBefriending Project for the over 25s
PHILIP KING CHARITABLE TRUSTFY2025£25kSupporting young musicians
PHILIP KING CHARITABLE TRUSTFY2024£17kSupporting young musicians
SCHRODER CHARITY TRUSTFY2024£4k
CHURCH BURGESSES TRUSTFY2022£3kGeneral charitable grant
SHEFFIELD TOWN TRUSTFY2023£3kNon-recurring grant
SHEFFIELD TOWN TRUSTFY2022£2k
THE JOHN THAW FOUNDATIONFY2023£1k

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund08/03/2023£4.9m"HERITAGE ENTERPRISE Canada House a home for Harmony Works"