THE ASPECT FOUNDATION FOR MUSIC AND ARTS

Registered charity 1197785 · accounts filings on the Charity Commission register · also known as ASPECT FOUNDATION FOR MUSIC AND ARTS

The Aspect Foundation for Music and Arts is a charity committed to the advancement and promotion of the arts, culture, heritage and science. In furtherance of its objectives, the charity arranges cultural and educational activities such as classical concerts, educational talks and meetings with musicians and artists.

Objects

THE OBJECTS OF THE CHARITY ARE:- THE ADVANCEMENT OF, AND EDUCATION IN, THE ARTS, CULTURE, HERITAGE AND SCIENCE AND, IN PARTICULAR, MUSIC AND THE VISUAL ARTS; AND- THE ADVANCEMENT OF SUCH OTHER EXCLUSIVELY CHARITABLE PURPOSE OR CHARITABLE PURPOSES AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION FROM TIME TO TIME DETERMINE.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

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

Latest income
£2.5m
Latest spending
£68k
Registered
2022
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £2,486,764 at the year end, with the trustees noting they do not maintain a set reserves policy due to strong oversight of upcoming liabilities. The charity relies heavily on a long-term, interest-free loan of £18,425,763 from a related party to fund its operations and property refurbishment, which is expected to complete in 2027. Despite this significant liability, the trustees and auditors confirm the financial position is satisfactory and there are no material uncertainties regarding going concern.

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

What the accounts disclose

Related-party transaction: Loan from related party
“Loans from related parties 18,425,763 18,425,763 Payable after one year 18,425,763 18,425,763 Loans from related parties include amounts received under a public benefit concessionary loan, being £18,425,763. This was a loan provided in 2021 from an individual connected to the charitable company, Mr A Knaster, to a charitable trust, Aspect Foundation for Music and Arts. As detailed further within note 19, this loan was transferred to The Aspect Foundation for Music and Arts in 2022 as part of a wider transfer of trade and assets. Under the terms of the loan, no interest is charged on the loan by Mr A Knaster. The loan is also not repayable on demand and instead, is repayable three months after completion of a sale of property recorded in the charitable company's tangible fixed assets. No security is pledged to Mr A Knaster for the purpose of this loan.”
“Donations have been made to the charity by the spouse of Mrs | Knaster amounting to £1,325,000 in the year ended 31 December 2024 (2023 - £300,000).” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations from related party
“Loans from related parties 18,425,763 18,425,763 Payable after one year 18,425,763 18,425,763 Loans from related parties include amounts received under a public benefit concessionary loan, being £18,425,763. This was a loan provided in 2021 from an individual connected to the charitable company, Mr A Knaster, to a charitable trust, Aspect Foundation for Music and Arts. As detailed further within note 19, this loan was transferred to The Aspect Foundation for Music and Arts in 2022 as part of a wider transfer of trade and assets. Under the terms of the loan, no interest is charged on the loan by Mr A Knaster. The loan is also not repayable on demand and instead, is repayable three months after completion of a sale of property recorded in the charitable company's tangible fixed assets. No security is pledged to Mr A Knaster for the purpose of this loan.”
“Donations have been made to the charity by the spouse of Mrs | Knaster amounting to £1,325,000 in the year ended 31 December 2024 (2023 - £300,000).” — page 5
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Whitley Stimpson Limited. Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Property (HM Land Registry)

3 registered titles in England and Wales held by the charity’s company or corporate body (2 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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
£68k
Reserves (reported)
£4.9m
Employees
1

Per its annual return, largest income source: Donations and legacies (99% 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: 0.0% 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: Throughout England

Income and spending

Financial year endIncomeSpending
31/12/2025£2.5m£68k
31/12/2024£1.4m£69k
31/12/2023£440k£81k
31/12/2022£871k£53k

Common questions

Is THE ASPECT FOUNDATION FOR MUSIC AND ARTS financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £2,486,764 at the year end, with the trustees noting they do not maintain a set reserves policy due to strong oversight of upcoming liabilities. The charity relies heavily on a long-term, interest-free loan of £18,425,763 from a related party to fund its operations and property refurbishment, which is expected to complete in 2027. Despite this significant liability, the trustees and auditors confirm the financial position is satisfactory and there are no material uncertainties regarding going concern. Its FY2024 accounts were audited by Whitley Stimpson Limited.

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 ASYMMETRY ART FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE ASPECT FOUNDATION FOR MUSIC AND ARTS£2.5m—0unclear—no doubt
ASYMMETRY ART FOUNDATION FY2024£6.2m£100,001 - £110,0001unclear—no doubt
ARTIS FOUNDATION FY2025£1.0m—0unclear—no doubt
THE FOUNDATION FOR EDUCATION, ARTS AND CULTURE FY2025£133k—0above—no doubt
THE ASPEX VISUAL ARTS TRUST LIMITED FY2025£312k—0unclear—no doubt
ASPECT LIVING FOUNDATION FY2025£1.4m—0unclear—no doubt

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