Causes
 X
Resources
 X
User Services
 X
home >> charity search >> the royal college of music
Finance Score: 1
Governance Score: 5
Support Score: 12
  • Excess liquidity: -1
  • Pension deficit: -1
  • Fundraising costs low: +3
  • 12+ Trustees: -1
  • Dynamic board: +3
  • Gender balanced board: +3
  • Grant maker support: +12
Overall GiG Score: 18 ?

THE ROYAL COLLEGE OF MUSIC 

The objects of the College shall be to advance the Art of Music and promote the study of andeducation in music and musical instruction and research of the highest standard and such otherrelated academic subjects as the College may consider appropriate in the United Kingdom ofGreat Britain and Northern Ireland and elsewhere throughout the world.
Analysis by Giving is Great

Positives:

  • Spending has increased over the last 3 years relative to the previous period
  • There have been no material income shortfalls in recent years
  • Fundraising costs are low relative to funds raised
  • A significant proportion of recent income was derived from major grant makers including the Government
  • The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • There are 22 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

  • Liquidity appeared to be considerably in excess of CC guidelines at the latest year end especially considering the historic stability of income
  • There is a pension deficit of £6,224,712


miles
Established: 47 years

www.rcm.ac.uk

info@rcm.ac.uk

02075914363

Charity Commission for England and WalesFacebookInstagramX
UN SDGs
?

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 Volun-
teers
31/07/22£32,481£32,953£-472£1,589£108,909£60,83922.22820
31/07/21£28,590£26,705£1,885£1,430£109,937£60,68927.32630
31/07/20£28,542£27,389£1,153£263£100,130£57,78425.32870
31/07/19£30,641£30,019£622£1,498£102,017£40,69816.32850
31/07/18£34,886£24,481£10,405£429£99,111£43,06121.126620
31/07/17£35,931£25,140£10,791£1,619£85,514£39,08718.74570
31/07/16£22,473£21,814£660£996£73,958£37,25020.52420
31/07/15£22,229£20,933£1,296£1,099£78,309£45,88226.32330
31/07/14£21,628£20,491£1,137£1,083£73,821£43,94725.71870
31/07/13£20,491£18,473£2,018£912£73,295£44,613291810
31/07/12*£19,679£17,693£1,987£890£67,941£38,87326.41830
31/07/11£20,174£17,041£3,134£654£65,634£39,21027.61740
31/07/10£17,663£17,001£661£443£53,575£31,29022.11790
31/07/09£18,133£17,024£1,109£373£49,429£29,92821.11820
31/07/08£16,261£15,758£503£0£50,075£28,47821.71860
31/07/07£16,583£15,521£1,062£0£50,131£18,47714.31770
31/07/06£14,142£13,795£347£0£0£0n/a00
31/07/05£13,141£13,161£-21£0£0£0n/a00
31/07/04£11,924£12,357£-433£0£0£0n/a00
Show more rows -->

Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 5.5%
Fundraising Costs/Total Spending: 5%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £200,000-£250,000
Liabilities/Assets: 17%
Liabilities/Income: 75%
Unrestricted Funds/Total Funds: 56%
Reserves/Spending: 22.2 months
Net Current Assets/Spending: 2 months
Quick Ratio: 1.6
Asset Split ?
Listed activities
  • Education/Training
How it operates
  • Provides services
Where it operates
  • Kensington And Chelsea,
Who it helps
  • Children/Young People
Who works here?
  • 282 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.

Major supporters in last 5 years
Garfield Weston Foundation£315,000
The Foyle Foundation£75,000
The Linbury Trust£50,000
The Segelman Trust£30,000
Specific Donations
Amount When
Months		 To be used for
The Linbury Trust - Energy efficiency - Royal College of Music
£50,000 13/12/2023
A grant for energy efficiency work towards LED light replacement.
The Foyle Foundation - Arts
£75,000 28/04/2023
towards Britten Theatre Seating Replacement
The Segelman Trust - Donation to Quaker Social Action
£30,000 12/07/2022
To support core costs
Garfield Weston Foundation - Major Grants award
£250,000 29/10/2021
More Music Building Development
Garfield Weston Foundation - Main Grants award
£15,000 18/09/2020
patron sponsorship
The Charity of Sir Richard Whittington - Covid-19 Rapid Response Fund Grant
£2,500 12/05/2020
12
Towards the College's Covid-19 Hardship Fund to help alleviate some of the immediate financial pressure for students most in need. Funding will be given to help with food, housing and other ....more
Garfield Weston Foundation - Main Grants award - COVID19 response
£50,000 07/05/2020
Covid-19 Hardship Fund
Garfield Weston Foundation - Main Grants award
£35,000 16/04/2019
More Music: Reimagining the Royal College of Music
Garfield Weston Foundation - Major Grants award
£500,000 29/01/2018
More Music: Reimagining the Royal College of Music
National Lottery Heritage Fund - Grant to Royal College of Music
£3,784,400 17/11/2015
More Music: Re-imagining the Royal College of Music Museum
Esmee Fairbairn - Grant to Royal College of Music
£109,372 03/12/2009
24
Towards Project costs Towards the salary of a project manager and lead musician costs for a project evaluating the impact of individual instrumental tuition on the well being of the over 55's in day ....more
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (22)
Current Trustees appointed
Gender Split
Based on 18/22 persons

Age Range of Trustees:
Legal constitution
  • Charity registered in England & Wales on 25/03/1977, number: 309268
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Filing Record
19 returns made; AR12: 293 days late,
Recent reorganisation events:
  • Asset transfer in from DOLLY KNOWLES CHARITABLE TRUST on 05/11/2019
Main office

ROYAL COLLEGE OF MUSIC
PRINCE CONSORT ROAD
LONDON
SW7 2BS

Objectives

THE ADVANCEMENT OF THE ART OF MUSIC BE MEANS OF A CENTRAL TEACHING AND EXAMINING BODY, THE PROMOTION AND SUPERVISION OF MUSICAL INSTRUCTION CONDUCIVE TO THE CULTIVATION AND DISSEMINATION OF THE ART OF MUSIC IN THE UNITED KINGDOM, THE GENERAL ENCOURAGEMENT AND PROMOTION OF THE CULTIVATION OF MUSIC AS AN ART THROUGHOUT THE BRITISH DOMINIONS.

Defined Area of Benefit:

NOT DEFINED

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

Tips for Selecting Charities

Which areas of philanthropy are most effective?
 The text of this post is taken from an article on the Effective Altruism forum. It suggests that you can achieve the most impact by supporting causes that fight extreme poverty, improving animal welfare....more
Our Top Tips for Philanthropy
 Here are some ideas to help you gain more satisfaction from your philanthropy and confidence that the causes you have selected are impactful. Engage your brain, as well as your heart You....more
How to become a Philanthropist
 In this Blog we outline a strategy to help people who are new to philanthropy and for those who feel dissatisfied with the impact they are having. Effective philanthropy is immensely rewarding for donors,....more
Giving is Great
Share

LinkedIn

WhatsApp
Copy Link
×