In reply to michealr, yes it is an honour and it does mean something. It is official recognition by the state of an individual's exceptional achievements and contribution to society. Most countries have something similar, including the US which has a long list of civilian honours.

It is often seen not just as recognition of the individual but of the activity in which they are involved. Awards such as those to Shirley Collins, Martin and Norma, and now Eliza Carthy can be regarded as recognition of the field in which they work as well as their individual contributions.

The nomenclature with all its references to a long-gone Empire is somewhat out of date, but change happens slowly here. Some people confuse it with the class system, and some object to the connection with the monarchy, although formally they are awarded by the Queen on the recommendation of the Prime Minister who in turn is advised by the Honours Committee

The system has been opened up in recent years and anyone can nominate someone for an honour.

https://www.gov.uk/honours/overview