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home >> charity search >> royal academy of music
Finance Score: 0
Governance Score: 5
Support Score: 9
  • Liabilities <10%: +3
  • Excess reserves: -5
  • Pension deficit: -1
  • Fundraising costs low: +3
  • 12+ Trustees: -1
  • Dynamic board: +3
  • Gender balanced board: +3
  • Overall weighted support: +9
Overall GiG Score: 14 ?

ROYAL ACADEMY OF MUSIC

To provide pre-professional, undergraduate and postgraduate musical training of the highest national and international standards.
Analysis by Giving is Great

Positives:

  • This charity has a robust balance sheet
  • Spending has increased over the last 3 years relative to the previous period
  • Fundraising costs are unusually 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:

  • Why are there 14 trustees whereas the Charities Commission recommends a maximum of 12?
  • Over half the Board have joined recently

Financial issues to consider:

  • This charity has substantial assets and unrestricted reserves of £158,438,000 available, equivalent to 65 months of spending and so may not be able to utilise additional funding
  • There is a pension deficit of £572,000

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k		 Spending
£k		 Surplus/
Deficit £k		 Fundraising
Cost £k		 Total
Funds £k		 Unrestricted
Funds £k		 Mths
Rsrvs		 Staff Volun-
teers
31/07/23£32,525£29,472£3,053£1,085£221,300£158,43864.52600
31/07/22£32,584£26,484£6,100£252£215,882£158,18471.724282
31/07/21£30,073£24,530£5,543£71£207,021£154,74575.726782
31/07/20£25,407£24,963£444£776£168,782£129,99762.557782
31/07/19£25,353£25,052£300£969£171,869£132,54063.558590
31/07/18£33,634£22,374£11,260£846£172,009£132,51771.15850
31/07/17£24,253£20,401£3,851£487£158,673£121,51871.55480
31/07/16£26,439£18,557£7,882£322£149,155£112,27572.65230
31/07/15£21,441£19,094£2,347£319£140,374£90,45156.82250
31/07/14£19,613£17,932£1,681£295£116,183£68,49145.82210
31/07/13£18,938£17,794£1,144£237£112,771£67,72045.72170
31/07/12£19,477£16,814£2,664£84£106,810£65,12346.52120
31/07/11£20,068£17,314£2,754£124£92,504£50,26334.82100
31/07/10£18,223£17,178£1,045£85£86,216£46,54332.52120
31/07/09£17,407£17,046£361£85£79,445£42,50429.92050
31/07/08£16,295£15,803£492£91£77,180£37,67528.61990
31/07/07£13,928£13,790£138£84£74,912£28,98525.22130
31/07/06£13,111£12,980£131n/an/an/an/an/an/a
31/07/05£12,149£12,113£36n/an/an/an/an/an/a
31/07/04£10,200£10,325£-125n/an/an/an/an/an/a
Show more rows -->

Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 4.3%
Fundraising Costs/Total Spending: 3.7%
Senior Staff Costs/Total Spending: 17%
Highest pay band: £250,000-£300,000
Liabilities/Assets: 2%
Liabilities/Income: 13%
Unrestricted Funds/Total Funds: 72%
Reserves/Spending: 64.5 months
Net Current Assets/Spending: 4 months
Quick Ratio: 2.7
Asset Split ?
Balance Sheet History
Established: 52 years
(54 years as a company)

ram.ac.uk

Financeteam@ram.ac.uk

02078737309

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
Listed activities
  • Education/Training
GiG Classification
  • Performing and visual arts
How it operates
  • Provides advocacy/advice/information
  • Provides services
Where it operates
  • Throughout England And Wales,
Who it helps
  • Children/Young People
  • The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

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

Major supporters in last 5 years
Rothschild Foundation£270,000
Wolfson Foundation£90,000
CHK Foundation£60,000
Andrew Lloyd Webber Foundation£18,500
Specific Donations
Amount When
Months		 To be used for
Rothschild Foundation - Grant to Royal Academy of Music
£250,000 03/07/2023
To meet growing demand for digital composition skills by creating a new Digital and Media Composition Suite at the Royal Academy of Music.
Rothschild Foundation - Grant to Royal Academy of Music
£20,000 16/12/2021
Scholarship to mark RAM’s 200th birthday
Wolfson Foundation - Grant to Royal Academy of Music
£90,000 09/12/2021
Wolfson Scholarships for Young Musicians/Instrument Fund 2022, 2023, 2024 (Wolfson Music Awards)
Andrew Lloyd Webber Foundation - Scholarship to Royal Birmingham Conservatoire
£18,500 01/09/2021
3 year BA (Hons) Acting Coure
CHK Foundation - CHK Discretionary Grant
£20,000 14/06/2021
to support specified work
CHK Foundation - CHK Discretionary Grant
£40,000 30/11/2020
to support specified work
Andrew Lloyd Webber Foundation - Scholarship to Royal Birmingham Conservatoire
£18,500 01/09/2019
36
3 year BA (Hons) Acting Coure
Wolfson Foundation - Grant to Royal Academy of Music
£90,000 05/12/2018
Wolfson Scholarships for Young Musicians/Instrument Fund 2019, 2020, 2021
Wolfson Foundation - Grant to Royal Academy of Music
£68,000 04/12/2017
Recital Hall sound equipment
Gatsby Charitable Trust - Towards capital costs
£500,000 16/11/2016
Towards the capital costs of RAM's redevelopment project.
Gatsby Charitable Trust - Towards capital costs
£1,000,000 03/03/2016
Towards the capital costs of RAM's redevelopment project.
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (14)
Current Trustees appointed
Gender Split
Based on 12/14 persons

  • ALEXIS ALEXANDER FFRENCH Appointed: 2022
  • ANDREW HAMISH FORSYTH Appointed: 2023
  • DAMIAN WISNIEWSKI Appointed: 2016
  • DINAH ROSE Appointed: 2024
  • DUCHESS ANTONIA WELLINGTON OBE Appointed: 2019
  • GEMMA WARING Appointed: 2022
  • INA DE Appointed: 2022
  • JOHN BURGESS
  • LORD BLACKWELL Appointed: 2017
  • PETER HESKETH Appointed: 2024
  • PROFESSOR JOANNE CLARE FOX Appointed: 2024
  • REHMET KASSIM LAKHA DE MORIXE Appointed: 2017
  • SIR SIMON CHRISTOPHER TOWNSEND ROBEY Appointed: 2024, Occupation: Banker
  • WILLIAM MICHAEL JEFFERIES DE WINTON Appointed: 2016
Legal constitution
  • Charity registered in England & Wales on 04/01/1973, number: 310007
  • Registered at Companies House on 01/01/1970, number: RC000438
Gift Aid
  • Registered with HMRC for Gift Aid
Event History
Other Regulators
  • Ofsted (Office For Standards In Education)
Policies in force
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events 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
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Filing Record
20 returns made; all on time
Recent reorganisation events:
  • Asset transfer in from CHARLES LUCAS MEMORIAL FUND on 22/11/2021
Main office

ROYAL ACADEMY OF MUSIC
MARYLEBONE ROAD
LONDON
NW1 5HT

Objectives

THE CULTIVATION OF THE SCIENCE OF MUSIC AND TO AFFORD FACILITIES FOR ATTAINING PERFECTION IN IT BY ASSISTING WITH GENERAL INSTRUCTION ALL PERSONS DESIROUS OF ACQUIRING A KNOWLEDGE THEREOF.

Defined Area of Benefit:

NOT DEFINED

Data Sources

Charity Commission for England and Wales
360 Giving

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