AWARDS FOR YOUNG MUSICIANS

Charity overview
Activities - how the charity spends its money
We work across a number of partnership programmes to enable musically talented young people from low income families to fulfil their potential.
Income and expenditure
Data for financial year ending 31 December 2023
Total income:
£1,403,828
Donations and legacies | £1.02m | |
Charitable activities | £374.71k | |
Other trading activities | £0 | |
Investments | £5.22k | |
Other | £0 |
Total expenditure:
£1,511,047
Raising funds | £100.43k | |
Charitable activities | £1.41m | |
Other | £0 |
£24,967 investments gains (losses)
Total income includes £350,002 from 12 government grant(s)
Charitable expenditure
Charitable expenditure with investment gains
Charitable expenditure
Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.
In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.
Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.
By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.
Raising funds and other expenditure | £100.43k | |
Charitable expenditure | £1.41m |
People

9 Employee(s)
13 Trustee(s)
5 Volunteer(s)
Employees with total benefits over £60,000
Number of employees | |
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£80k to £90k | 1 |
Fundraising
Trading
Trustee payments
What, who, how, where
- Education/training
- Arts/culture/heritage/science
- Children/young People
- Makes Grants To Individuals
- Provides Services
- Provides Advocacy/advice/information
- Sponsors Or Undertakes Research
- Throughout England And Wales
- Northern Ireland
- Scotland
Governance
- 13 August 1998: Standard registration
- 01 November 2021: Funds received from 291267 CAMBRIDGESHIRE CHORAL SOCIETY
- Young Sounds UK (Working name)
- THE MUSICAS FUND (Previous name)
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service
13 Trustee(s)
Name | Role | Date of appointment | Other trusteeships | Reporting status of other trusteeships | ||||
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PHILIP EDWARD JONES | Chair |
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Morro Barry | Trustee | 15 January 2025 |
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Susan Margaret Carbert | Trustee | 10 December 2024 |
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Jessica Mary Grime | Trustee | 10 December 2024 |
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Julian Forbes | Trustee | 12 March 2024 |
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UTA HOPE | Trustee | 12 March 2024 |
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Max Brown | Trustee | 11 September 2023 |
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Fintan Canavan | Trustee | 11 September 2023 |
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Karen Humphreys | Trustee | 09 March 2021 |
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Thomas Sharpe QC | Trustee | 12 March 2019 |
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Lynda Beament | Trustee | 11 December 2018 |
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Beverley Mason | Trustee |
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MICHAEL LITTLECHILD | Trustee |
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Financial history
Financial period end date
Income / Expenditure | 31/12/2019 | 31/12/2020 | 31/12/2021 | 31/12/2022 | 31/12/2023 | ||
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Total gross income | £1.37m | £822.89k | £1.12m | £1.35m | £1.40m | |
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Total expenditure | £848.49k | £904.19k | £1.20m | £1.41m | £1.51m | |
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Income from government contracts | N/A | N/A | N/A | N/A | N/A | |
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Income from government grants | N/A | £45.00k | £45.00k | £38.82k | £350.00k | |
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Income - Donations and legacies | £1.12m | £602.79k | £881.55k | £1.06m | £1.02m | |
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Income - Other trading activities | £0 | £0 | £0 | £0 | £0 | |
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Income - Charitable activities | £250.06k | £214.83k | £230.89k | £281.88k | £374.71k | |
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Income - Endowments | £553.00k | £0 | £0 | £0 | £0 | |
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Income - Investment | £5.80k | £5.28k | £4.70k | £10.23k | £5.22k | |
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Income - Other | £0 | £0 | £0 | £0 | £0 | |
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Income - Legacies | £29 | £0 | £0 | £52.87k | £10.00k | |
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Expenditure - Charitable activities | £781.35k | £836.67k | £1.12m | £1.32m | £1.41m | |
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Expenditure - Raising funds | £67.13k | £67.52k | £73.43k | £90.29k | £100.43k | |
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Expenditure - Governance | £47.03k | £36.73k | £4.56k | £5.88k | £15.41k | |
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Expenditure - Grants institution | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Investment management | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Other | £0 | £0 | £0 | £0 | £0 |
Assets and liabilities
Definitions for assets and liabilities
These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.
Long term InvestmentsInvestments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.
These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.
Defined benefit pension scheme asset or liabilityThis is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.
Total liabilitiesThese are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.
Asset / Liability | 31/12/2019 | 31/12/2020 | 31/12/2021 | 31/12/2022 | 31/12/2023 | ||
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Own use assets | £51.19k | £52.16k | £52.41k | £50.82k | £35.86k | |
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Long-term investments | £148.40k | £160.21k | £194.19k | £393.31k | £418.27k | |
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Other assets | £894.42k | £811.08k | £758.39k | £457.21k | £414.55k | |
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Defined benefit pension scheme asset or liability | £0 | £0 | £0 | £0 | £0 | |
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Total liabilities | £116.87k | £120.47k | £183.67k | £164.22k | £213.81k |
Accounts and annual returns
Title | Reporting year | Date received | Received | Download |
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Annual return | 31 December 2023 | 09 October 2024 | On Time | |
Accounts and TAR | 31 December 2023 | 09 October 2024 | On Time | Download Open in new window |
Annual return | 31 December 2022 | 28 August 2023 | On Time | |
Accounts and TAR | 31 December 2022 | 28 August 2023 | On Time | Download Open in new window |
Annual return | 31 December 2021 | 15 August 2022 | On Time | |
Accounts and TAR | 31 December 2021 | 15 August 2022 | On Time | Download Open in new window |
Annual return | 31 December 2020 | 22 July 2021 | On Time | |
Accounts and TAR | 31 December 2020 | 22 July 2021 | On Time | Download Open in new window |
Annual return | 31 December 2019 | 03 April 2020 | On Time | |
Accounts and TAR | 31 December 2019 | 03 April 2020 | On Time | Download Open in new window |
Governing document
It is not the full text of the charity's governing document.
MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 23RD JULY 1998 AND AMENDED 16TH JANUARY 2002. AS REGISTERED AT COMPANIES HOUSE ON 02 OCT 2024
Charitable objects
TO ADVANCE PUBLIC EDUCATION AND APPRECIATION OF THE ART AND SCIENCE OF MUSIC WITH PARTICULAR EMPHASIS ON THE PROMOTION OF SPECIALIST MUSIC EDUCATION AMONGST CHILDREN AND YOUNG PERSONS UNDER THE AGE OF EIGHTEEN YEARS OLD IN PARTICULAR BUT NOT EXCLUSIVELY BY THE ESTABLISHMENT AND MAINTENANCE OF SCHOLARSHIPS AND OTHER AWARDS.
Area of benefit
NOT DEFINED
Contact information
- Address:
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PO BOX 2754
BRISTOL
BS4 9DA
- Phone:
- 0300 302 0023
- Email:
- enquiries@youngsounds.org.uk
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