Finance Score: 3

Governance Score: 0

Support Score: 4

Fundraising costs low: +3

Overall weighted support: +4

Overall GiG Score: 7

RICHMOND UPON THAMES MUSIC TRUST COMPANY LIMITED

To provide musical opportunities of the highest standard for young people and others in and around the London Borough of Richmond upon Thames.

Analysis by Giving is Great

Positives:

There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return

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
31/03/23		£1,652	£1,630	£22	£81	£651	£646	4.8	121	0
31/03/22		£1,508	£1,436	£71	£76	£-236	£-243	-2	105	0
31/03/21		£1,278	£1,267	£11	£69	£-497	£-504	-4.8	107	0
31/03/20	*	£1,762	£1,836	£-74	£73	£-352	£-361	-2.4	118	4
31/03/19		£1,819	£1,799	£20	£70	£-392	£-402	-2.7	125	4
31/03/18	*	£1,835	£1,854	£-19	£67	£-543	£-569	-3.7	121	0
31/03/17		£1,710	£1,709	£1	£62	£-605	£-620	-4.4	115	0
31/03/16		£1,643	£1,593	£49	£57	£-68	£-83	-0.6	113	0
31/03/15		£1,562	£1,547	£15	£73	£-271	£-285	-2.2	105	0
31/03/14		£1,448	£1,440	£8	£71	£-125	£-128	-1.1	94	0
31/03/13		£1,368	£1,347	£21	£61	£-256	£-259	-2.3	85	0
31/03/12		£1,327	£1,287	£41	£68	£-170	£-174	-1.6	82	0
31/03/11		£1,352	£1,227	£125	£71	£-132	£-135	-1.3	82	0
31/03/10		£1,286	£1,300	£-14	£58	£-312	£-316	-2.9	81	0
31/03/09		£1,279	£1,248	£31	£59	£-24	£-28	-0.3	76	0
31/03/08		£1,172	£1,117	£55	£72	£15	£10	0.1	71	0
31/03/07		£1,057	£1,066	£-9	£62	£-210	£-216	-2.4	75	0
31/03/06	*	£938	£944	£-6	n/a	n/a	n/a	n/a	n/a	n/a
31/03/05		£851	£867	£-15	n/a	n/a	n/a	n/a	n/a	n/a
31/03/04		£773	£771	£2	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 4.9%
Fundraising Costs/Total Spending: 4.9%
Senior Staff Costs/Total Spending: 11%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 42%
Liabilities/Income: 21%
Unrestricted Funds/Total Funds: 99%
Reserves/Spending: 4.8 months
Net Current Assets/Spending: 4 months
Quick Ratio: 1.5

Asset Split ?

Balance Sheet History

Established: 23 years

www.richmondmusictrust.org.uk

admin@richmondmusictrust.org.uk

02085383866

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Provides advocacy/advice/information
Provides human resources
Provides services

Where it operates

Croydon, Hounslow, Kingston Upon Thames, Richmond Upon Thames, Sutton, Wandsworth,

Who it helps

Children/Young People
Elderly/Old People
People With Disabilities

Who supports 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
DCMS - Investment funds
£55,887	08/04/2022	We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where ....more We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. Between 2018 and 2022, we will invest £1.45 billion of public money from government to help deliver this vision.
DCMS - Music Education Hub Funding
£247,535	24/03/2022	Music Education Hubs are groups of organisations such as local authorities, schools, other hubs, art organisations, community or voluntary organisations working together to create joined-up music ....more Music Education Hubs are groups of organisations such as local authorities, schools, other hubs, art organisations, community or voluntary organisations working together to create joined-up music education provision, respond to local need and fulfil the objectives of the Hub as set out in the National Plan for Music Education.
DCMS - Coronavirus Community Support Fund
£8,000	18/08/2020	"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more "The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to operate, thereby reducing the burden on public services.2) To ensure essential services are provided to vulnerable people, both in the short and long term through increased community support through the work of charitable organisations."
DCMS - Music Education Hub funding 2020-2021
£247,747	01/04/2020	The wider aim of the scheme is: Music Education Hubs are groups of organisations such as local authorities, schools, other hubs, art organisations, community or voluntary organisations working ....more The wider aim of the scheme is: Music Education Hubs are groups of organisations such as local authorities, schools, other hubs, art organisations, community or voluntary organisations working together to create joined-up music education provision, respond to local need and fulfil the objectives of the Hub as set out in the National Plan for Music Education
DCMS - TPS 2019/20
£23,286	01/04/2020	The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given ....more The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. Between 2018 and 2022, we will invest £1.45 billion of public money from government and an estimated £860 million from the National Lottery to help deliver this vision.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

Based on 7/8 persons

Age Range of Trustees: 57-87

ALAN PRICE Appointed: 2001, Occupation: Musician

AMANDA JANE LETCH Appointed: 2017, Occupation: Headteacher

CLLR JOANNE ILLONNE HUMPHREYS Appointed: 2021, Occupation: Mp Caseworker

ELIZABETH ROWLEY Appointed: 2002, Occupation: Careers Adviser

HILARY DODMAN Appointed: 2006, Occupation: Retired Teacher

JANE HARNDEN Appointed: 2009, Occupation: Publishing Consultant

LADY CAMILLA RUTH PANUFNIK, Occupation: Author/Administration

PETER WILLAN (Chair) Appointed: 2013, Occupation: Retired

Legal constitution

Charitable company registered in England & Wales on 15/02/2002, number: 1090623
Registered at Companies House on 16/05/2001, number: 04218180

Gift Aid

NOT registered with HMRC for Gift Aid

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
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management 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; AR20: 4 days late, AR18: 1 days late, AR06: 1 days late,

Main office

7 BRIAR ROAD
TWICKENHAM
TW2 6RB

Objectives

THE ADVANCEMENT OF PUBLIC EDUCATION IN MUSIC PRIMARILY IN THE LONDON BOROUGH OF RICHMOND UPON THAMES AND IN PARTICULAR BY THE PROVISION OF : (1) EDUCATION IN MUSIC FOR CHILDREN AND STUDENTS (11) INSTRUMENTAL TUITION AND THE PROVISION OF MUSICAL ACTIVITIES FOR CHILDREN STUDENTS AND OTHER PERSONS (111) MUSIC CENTRES BEING CENTRES TO PROVIDE OPPORTUNITIES FOR INSTRUMENTAL AND CHORAL PERFORMANCE INSTRUMENTAL TUITION AND CLASSES IN MUSIC FOR SAID CHILDREN STUDENTS AND OTHER PERSONS.

Defined Area of Benefit:

PRIMARILY IN THELONDON BOROUGH OF RICHMOND UPON THAMES