THE ASPECT FOUNDATION FOR MUSIC AND ARTS
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £1,175,816 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 holds a significant long-term liability of £18,425,763 owed to a related party, which is supported by confirmed ongoing funding from trustee-connected individuals.
What the accounts disclose
“There is a liability due after one year of £18,425,763, being amounts due to Mr A Knaster. Mr A Knaster is a related party to the charity by virtue of being the spouse of a trustee, Mrs I Knaster.”
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?
The accounts state that unrestricted reserves stood at £1,175,816 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 holds a significant long-term liability of £18,425,763 owed to a related party, which is supported by confirmed ongoing funding from trustee-connected individuals. Its FY2023 accounts were audited by Whitley Stimpson Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MANCHESTER CITY GALLERIES TRUST | 1 | £36k |
| THE CAMELLIA FOUNDATION | 1 | £16k |