THE 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.
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.
What the accounts disclose
“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
“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
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (23/10/2025)
Trustees
- SEBASTIAN LENNOX JOHNSTONchair
- FELIX FRIEDMAN
- IRINA KNASTER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MAECENAS | 1 | £140k |
| THE FUNDING NETWORK | 1 | £85k |
| THE MAYOR OF LONDON'S FUND FOR YOUNG MUSICIANS | 1 | £56k |
| THE LOVINGTON FOUNDATION | 1 | £39k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 1 | £35k |
| THE TAYLOR FAMILY FOUNDATION | 1 | £30k |
| THE KATHLEEN HANNAY MEMORIAL CHARITY | 1 | £25k |
| The Portal Trust | 1 | £20k |
Charities like this
- ASYMMETRY ART FOUNDATION
- ARTIS FOUNDATION
- THE FOUNDATION FOR EDUCATION, ARTS AND CULTURE
- THE ASPEX VISUAL ARTS TRUST LIMITED
- ASPECT LIVING FOUNDATION
- Autotelic Foundation
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ASPECT FOUNDATION FOR MUSIC AND ARTS | £2.5m | — | 0 | unclear | — | no doubt |
| ASYMMETRY ART FOUNDATION | £6.2m | £100,001 - £110,000 | 1 | unclear | — | no doubt |
| ARTIS FOUNDATION | £1.0m | — | 0 | unclear | — | no doubt |
| THE FOUNDATION FOR EDUCATION, ARTS AND CULTURE | £133k | — | 0 | above | — | no doubt |
| THE ASPEX VISUAL ARTS TRUST LIMITED | £312k | — | 0 | unclear | — | no doubt |
| ASPECT LIVING FOUNDATION | £1.4m | — | 0 | unclear | — | no doubt |