Finance Score: -1

Governance Score: 9

Support Score: 8

Low unrestricted reserves: -2
Multiple Deficits: -2
Fundraising costs low: +3

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +8

Overall GiG Score: 16

THE PERFORMING RIGHT SOCIETY FOUNDATION

PRS Foundation is the UK's leading charitable funder of new music and talent development. Since 2000 it has given more than £35 million to over 7,300 new music initiatives by awarding grants and leading partnership programmes. PRS Foundation supports an exceptional range of new music activity, from showcases and commissions to a network of talent development partners www.prsfoundation.com

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
On several occasions in recent years income has been less than spending

Established: 24 years

www.prsfoundation.com

info@prsfoundation.com

02037414233

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/12/22		£4,008	£4,191	£-183	£85	£1,038	£141	0.4	11
31/12/21		£4,185	£4,056	£129	£72	£1,222	£119	0.4	10
31/12/20	*	£3,912	£3,882	£30	£84	£1,093	£105	0.3	9
31/12/19		£4,122	£4,306	£-185	£93	£1,063	£111	0.3	9
31/12/18		£4,238	£4,491	£-253	£88	£1,247	£182	0.5	9
31/12/17		£4,549	£4,074	£475	£79	£1,500	£155	0.5	10
31/12/16		£3,818	£3,395	£424	£76	£1,025	£184	0.6	8
31/12/15		£3,228	£2,568	£659	£84	£801	£155	0.7	7
31/12/14		£2,022	£2,220	£-199	£112	£142	£69	0.4	7
31/12/13		£2,250	£2,531	£-281	£109	£341	£84	0.4	6
31/12/12		£2,090	£1,829	£261	£305	£622	£150	1	5
31/12/11		£1,853	£1,932	£-79	£330	£361	£207	1.3	5
31/12/10		£1,876	£1,905	£-29	£333	£440	£111	0.7	6
31/12/09		£1,705	£1,512	£192	£0	£469	£93	0.7	6
31/12/08		£1,694	£1,633	£61	£7	£276	£54	0.4	4
31/12/07		£1,478	£1,419	£58	£5	£105	£82	0.7	4
31/12/06		£1,410	£1,424	£-13	£0	£0	£0	n/a	0
31/12/05		£1,587	£1,537	£50	£0	£0	£0	n/a	0
31/12/04		£1,584	£1,738	£-153	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 2.2%
Fundraising Costs/Total Spending: 2%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 76%
Liabilities/Income: 83%
Unrestricted Funds/Total Funds: 14%
Reserves/Spending: 0.4 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1.2

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Other charitable activities
Provides advocacy/advice/information

Where it operates

Ireland, Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies
The General Public/Mankind

Who works here?

11 employees

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Paul Hamlyn Foundation - Power Up
£15,250	18/01/2023	PRS Foundation funds new music across all genres, supporting artist and audience development across the UK. They enable songwriters and composers of all backgrounds to achieve their potential and ....more PRS Foundation funds new music across all genres, supporting artist and audience development across the UK. They enable songwriters and composers of all backgrounds to achieve their potential and reach global audiences. This grant supports Power Up - an ambitious, long-term initiative supporting Black music creators and industry professionals, which seeks to address anti-Black racism and racial disparities in the UK music sector.
Paul Hamlyn Foundation - Power Up
£197,500	16/05/2022	PRS Foundation funds new music across all genres, supporting artist and audience development across the UK. They enable songwriters and composers of all backgrounds to achieve their potential and ....more PRS Foundation funds new music across all genres, supporting artist and audience development across the UK. They enable songwriters and composers of all backgrounds to achieve their potential and reach global audiences. This grant supports Power Up - an ambitious, long-term initiative supporting Black music creators and industry professionals, which seeks to address anti-Black racism and racial disparities in the UK music sector.
Paul Hamlyn Foundation - Covid-19 Emergency Funding
£20,000	09/12/2021 12	PRS Foundation is the UK’s leading charitable funder of new music across all genres, supporting artist and audience development across the UK. They enable songwriters and composers of all ....more PRS Foundation is the UK’s leading charitable funder of new music across all genres, supporting artist and audience development across the UK. They enable songwriters and composers of all backgrounds to achieve their potential and reach global audiences. This grant provides core support to aid the organisation in dealing with the challenges posed by Covid-19.
Department for International Trade - International Showcase Fund
£40,000	11/11/2021	To enable UK music artists and creators new to export to participate in international music showcases.
Paul Hamlyn Foundation - New Music Biennial
£255,000	15/03/2016 28	Support to embed the New Music Biennial 2017 in a deeper and more durable way in Hull, adding composer residencies to their usual Biennial delivery model and developing a tailor-made listening scheme ....more Support to embed the New Music Biennial 2017 in a deeper and more durable way in Hull, adding composer residencies to their usual Biennial delivery model and developing a tailor-made listening scheme to offer new experiences and skills to local communities and schools.
Esmee Fairbairn - Grant to PRS Foundation
£150,000	02/09/2015 36	Towards a grant fund to enable composers to build a sustainable career.
Esmee Fairbairn - Grant to PRS Foundation
£29,873	29/05/2012	Towards the expansion of New Music Plus, which will provide development opportunities for emerging to mid-career producers of live music events and an imaginative approach to programming and ....more Towards the expansion of New Music Plus, which will provide development opportunities for emerging to mid-career producers of live music events and an imaginative approach to programming and marketing across a broad range of venues.
Paul Hamlyn Foundation - New Music Plus...
£90,000	06/02/2012	A continuation grant to support a further cohort of independent producers and arts organisations, encouraging innovative approaches to music programming and audience engagement throughout the UK.
Esmee Fairbairn - Grant to PRS Foundation
£20,000	30/04/2008 12	Towards Project costs Towards a fourth round of the joint commissioning fund with the Performing Rights Society Foundation and Scottish Arts Council.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (9)

Current Trustees appointed

Gender Split

Based on 8/9 persons

Age Range of Trustees: 41-75

CAROLINE NORBURY Appointed: 2016, Occupation: Ceo

CHRIS BUTLER Appointed: 2017, Occupation: Music Publisher

CHRISTINE GEISSMAR Appointed: 2020, Occupation: Coo

JOHN BERCHMANS MINCH Appointed: 2024, Occupation: Publisher

JONATHAN AITKEN Appointed: 2024, Occupation: General Counsel

MARK POOLE Appointed: 2016, Occupation: Chartered Accountant

MICHELLE ESCOFFERY Appointed: 2019, Occupation: Songwriter/Label Owner

SUSANNAH CATHERINE SIMONS Appointed: 2018, Occupation: Consultant, Other trusteeships: ONE DANCE UK, THE LONDON INTERNATIONAL FESTIVAL OF EARLY MUSIC CIO,

YOLANDA BROWN Appointed: 2022, Occupation: Musician And Broadcaster

Legal constitution

Charitable company registered in England & Wales on 23/05/2000, number: 1080837
Registered at Companies House on 04/01/2000, number: 03901665

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Risk management

Filing Record

19 returns made; AR20: 3 days late,

Main office

Tea Auction House (1st floor)
Hays Galleria
Counter Street
London
SE1 2HD

Objectives

THE ADVANCEMENT OF THE EDUCATION OF THE PUBLIC IN MUSIC AND THE APPRECIATION OF MUSIC BY SUCH MEANS AS THE TRUSTEES DECIDE INCLUDING:-(1) THE PROVISION OF FINANCIAL ASSISTANCE TO COMPOSERS AND SONGWRITERS, PARTICULARLY THOSE RESIDENT IN THE UNITED KINGDOM WITH A VIEW TO ENCOURAGING THE COMPOSITION AND PERFORMANCE OF NEW MUSIC OF HIGH QUALITY (2) THE FURTHERANCE OF EDUCATION AND TRAINING FOR PRACTITIONER OF MUSIC BY THE PROVISION OF GRANTS AND DONATIONS TO INDIVIDUALS AND EDUCATIONAL ESTABLISHMENTS BY ESTABLISHING EDUCATIONAL AWARDS AND SCHOLARSHIPS AND BY THE PROVISION OF EQUIPMENT AND FACILITIES (INCLUDING THE PROVISION OF MUSICAL INSTRUMENTS) (3) THE PROMOTION OF PUBLIC PERFORMANCE OF HIGH QUALITY BY THE HOLDING OF CONCERTS RECITALS FESTIVALS EXHIBITIONS COMPETITIONS MEETINGS LECTURES SEMINARS AND TRAINING COURSES AND ANY OTHER EVENT/PROJECT/ASSIGNMENT CONDUCIVE TO THE ATTAINMENT OF THE OBJECTS.

Defined Area of Benefit:

NOT DEFINED

Data Sources