THE NUCLEO PROJECT
Nucleo is a "music for social action" project offering free, ensemble-based music-making opportunities to children and young people through our immersive programme in North Kensington.We run a national Instrument Donation Bank to get unused instruments into the hands of young musicians, and we deliver the national Young Leaders Programme.
Financial health, per its FY2025 accounts
The accounts state that the charity recorded a surplus of £284,881 for the year ended 31 August 2025, allowing it to replace previous drawdowns on reserves. Per the trustees' report, the charity holds unrestricted reserves of £417,590, which exceeds its stated policy target of three months of running costs, indicating a stable financial base.
What the accounts disclose
“Currently The Nucleo Project aims to hold a minimum level of reserves equivalent to three months of running costs in order to be able to continue to provide a service to our beneficiaries.” — page 22
Structured financials (annual return, FY ending 31/08/2025)
Register events
- Received assets from another charity (31/08/2023)
Trustees
- Felix Hale
- Jerome David Raphaely
- MARK ROBERT LOCKHART
- Miranda Rose Francis
- Sonia Sheta
- Stephen Jeremy Hermer
- Theo Footman-Bamber
- Theodora Baron
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £831k | £546k |
| 31/08/2024 | £586k | £640k |
| 31/08/2023 | £647k | £629k |
| 31/08/2022 | £449k | £479k |
| 31/08/2021 | £482k | £374k |
Common questions
Is THE NUCLEO PROJECT financially healthy?
Per its FY2025 accounts: The accounts state that the charity recorded a surplus of £284,881 for the year ended 31 August 2025, allowing it to replace previous drawdowns on reserves. Per the trustees' report, the charity holds unrestricted reserves of £417,590, which exceeds its stated policy target of three months of running costs, indicating a stable financial base. Its FY2025 accounts were independently examined.
Who funds THE NUCLEO PROJECT?
Funders whose own accounts filings name THE NUCLEO PROJECT as a grant recipient include JOHN LYON'S CHARITY, THE BAND TRUST, THE KENSINGTON AND CHELSEA FOUNDATION, THE CALLEVA FOUNDATION, THE WILLIAM WATES MEMORIAL TRUST.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 21/11/2024 | £20k | Children's community music sessions |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROYAL NORTHERN COLLEGE OF MUSIC ENDOWMENT FUND | 1 | £372k |
| THE JULIA RAUSING TRUST | 1 | £300k |
| PETER SOWERBY FOUNDATION | 1 | £225k |
| LONDON LEGAL SUPPORT TRUST | 1 | £171k |
| THE ATHERTON FAMILY CHARITABLE TRUST | 1 | £50k |
| CENTRE FOR AGEING BETTER TRUST | 1 | £33k |
| CENTRE FOR AGEING BETTER LIMITED | 1 | £32k |
| THE KIRBY LAING FOUNDATION | 1 | £25k |
Charities like this
- NUCLEUS COMMUNITY ACTION LTD
- THE NATIONAL YOUTH JAZZ ORCHESTRA LTD
- THE NATIONAL FOUNDATION FOR YOUTH MUSIC
- THE NR5 PROJECT
- THE NUCLEAR EDUCATION TRUST
- THE NUCLEAR INSTITUTE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE NUCLEO PROJECT | £831k | — | 0 | unclear | — | no doubt |
| NUCLEUS COMMUNITY ACTION LTD | £1.2m | £60,001 - £70,000 | 1 | below | — | no doubt |
| THE NATIONAL YOUTH JAZZ ORCHESTRA LTD | £710k | — | 0 | below | — | no doubt |
| THE NATIONAL FOUNDATION FOR YOUTH MUSIC | £13.3m | — | — | unclear | — | no doubt |
| THE NR5 PROJECT | £2.8m | £60,001 - £70,000 | — | unclear | — | no doubt |
| THE NUCLEAR EDUCATION TRUST | £189k | — | 0 | unclear | — | no doubt |