Finance Score: 0

Governance Score: 8

Support Score: 7

Poor Liquidity: -1
Good Reserves: +1Pension deficit: -1
Multiple Deficits: -2
Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +7

Overall GiG Score: 15

ROYAL WELSH COLLEGE OF MUSIC AND DRAMA

The Royal Welsh College of Music and Drama is the National Conservatoire of Wales and a leading UK provider of specialist practical and performance-based training in music and drama.

Analysis by Giving is Great

Positives:

The charity has received backing from multiple prominent grant makers recently
Spending has increased over the last 3 years relative to the previous period
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

Regulatory & Governance issues to consider:

One or more trustees receive benefits from the charity
There are 15 trustees whereas the Charities Commission recommends a maximum of 12
Over half the Board have joined recently

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but unrestricted reserves are available
There is a pension deficit of £2,555,000
On several occasions in recent years income has been less than spending

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
31/07/22	£16,637	£18,118	£-1,481	£279	£13,975	£9,669	6.4	174
31/07/21	£15,248	£16,138	£-890	£282	£7,354	£3,113	2.3	181
31/07/20	£15,393	£15,358	£35	£235	£7,832	£4,030	3.1	187
31/07/19	£15,672	£15,581	£91	£157	£8,138	£4,393	3.4	183
31/07/18	£14,081	£13,929	£152	£173	£9,424	£5,993	5.2	180
31/07/17	£13,579	£13,557	£22	£257	£8,191	£4,927	4.4	176
31/07/16	£13,006	£12,772	£234	£313	£8,810	£5,921	5.6	169
31/07/15	£11,769	£11,542	£227	£18	£14,014	£2,638	2.7	168
31/07/14	£12,964	£12,189	£775	£18	£14,392	£2,999	3	168
31/07/13	£11,675	£11,373	£302	£18	£14,233	£2,449	2.6	162
31/07/12	£11,683	£11,427	£256	£21	£14,235	£2,085	2.2	161
31/07/11	£10,500	£10,139	£361	£19	£15,096	£2,199	2.6	161

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Financial Ratios

Fundraising Costs/Relevant Income: 1.8%
Fundraising Costs/Total Spending: 1.5%
Senior Staff Costs/Total Spending: 18%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 52%
Liabilities/Income: 108%
Unrestricted Funds/Total Funds: 69%
Reserves/Spending: 6.4 months
Net Current Assets/Spending: 3 months
Quick Ratio: 0.3

Asset Split ?

Established: 13 years
(17 years as a company)

www.rwcmd.ac.uk

william.callaway@southwales.ac.uk

01443654171

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 services

Where it operates

Cardiff,

Who it helps

The General Public/Mankind

Who works here?

174 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
The Foyle Foundation - Learning (MGS)
£2,000,000	28/11/2023	to contribute to the restoration and re-imagining of Cardiff’s Old Library (phase one of works) as a centre for arts, education and public engagement and use
Andrew Lloyd Webber Foundation - Scholarship to Royal Welsh College of Music & Drama
£9,250	01/09/2022	1 year Design for Performance Course
Andrew Lloyd Webber Foundation - Scholarship to Royal Welsh College of Music & Drama
£16,453	01/09/2022	1 year MA in Musical Theatre
Andrew Lloyd Webber Foundation - Scholarship to Royal Welsh College of Music & Drama
£15,057	01/09/2021	1 year MA in Musical Theatre
Andrew Lloyd Webber Foundation - Scholarship to Royal Welsh College of Music & Drama
£18,000	01/09/2021	3 year BA in Musical Theatre (Richard Hughes Scholarship)
Andrew Lloyd Webber Foundation - Scholarship to Royal Welsh College of Music & Drama
£15,509	01/09/2020 12	1 year MA in Musical Theatre
Andrew Lloyd Webber Foundation - Scholarship to Royal Welsh College of Music & Drama
£15,057	01/09/2019 12	1 year MA in Musical Theatre
Andrew Lloyd Webber Foundation - Scholarship to Royal Welsh College of Music & Drama
£14,620	01/09/2018 12	1 year MA in Musical Theatre
Andrew Lloyd Webber Foundation - Scholarship to Royal Welsh College of Music & Drama
£14,195	01/09/2017 12	1 year MA in Musical Theatre
Andrew Lloyd Webber Foundation - Scholarship to Royal Welsh College of Music & Drama
£13,780	01/09/2016 12	1 year MA in Musical Theatre
Esmee Fairbairn - Grant to Royal Welsh College of Music & Drama
£90,000	19/01/2011	Towards the development of a new programme of community activity.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (15)

Current Trustees appointed

Gender Split

Based on 13/15 persons

Age Range of Trustees: 24-73

ALED MILES Appointed: 2018, Occupation: Chief Executive Officer

TIANYI LU Appointed: 2022, Occupation: Self Employed

APRIL AUDIGER Appointed: 2022, Occupation: Opera Singer

HELEN FAY SANDERSON Appointed: 2023, Occupation: Musician

IAN LEWIS Appointed: 2022, Occupation: Film, Tv Producer

NATALIE MONICA ROE Appointed: 2022, Occupation: Students' Union President

NITIN SAWHNEY Appointed: 2022, Occupation: Composer/Musician

PROFESSOR DAVID RUEBAIN Appointed: 2022, Occupation: Pro-Vice-Chancellor

SARAH ALEXANDER OBE Appointed: 2023

DR BEN CALVERT Appointed: 2021, Occupation: Vice Chancellor, Other trusteeships: UNIVERSITY OF SOUTH WALES/PRIFYSGOL DE CYMRU, MERTHYR TYDFIL COLLEGE LIMITED,

MANON BONNER ANTONIAZZI Appointed: 2018, Occupation: Ceo, National Assembly Of Wales

MARIO FERELLI Appointed: 2019, Occupation: Consultant

PROFESSOR HELENA GAUNT Appointed: 2018, Occupation: Principal, Rwcmd

ROGER LLEWELYN MUNNINGS Appointed: 2022, Occupation: Company Director

MICHAEL HUGO JAMES PLAUT OBE (Chair) Appointed: 2023, Occupation: Businessman, Other trusteeships: UNIVERSITY OF SOUTH WALES/PRIFYSGOL DE CYMRU, THE LADY TANGYE TRUST LIMITED,

Legal constitution

Charitable company registered in England & Wales on 09/12/2010, number: 1139282
Registered at Companies House on 29/11/2006, number: 06013744

Gift Aid

Registered with HMRC for Gift Aid

Event History

04/06/2015 - Asset transfer in from CARDIFF CALEDONIAN SOCIETY TRUST FUND
28/10/2015 - Asset transfer in from ASSOCIATION OF FRIENDS OF THE ROYAL WELSH COLLEGE OF MUSIC AND DRAMA

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

12 returns made; all on time

Main office

UNIVERSITY OF SOUTH WALES
TREFOREST
PONTYPRIDD
CF37 1DL

Objectives

4.1 THE COLLEGE SHALL BE SET UP AND CONDUCTED FOR THE ADVANCEMENT OF EDUCATION AND LEARNING FOR THE PUBLIC BENEFIT.4.2 THE OBJECT OF THE COLLEGE SPECIFIED IN ARTICLE 4.1 ABOVE SHALL IN PARTICULAR AND WITHOUT PREJUDICE TO THE GENERALITY THEREOF INCLUDE:4.2.1 THE TRAINING OF PERFORMERS AND OTHERS IN MUSIC, DRAMA, THEATRE AND OTHER PERFORMING ARTS INTENDING TO ENTER OR ENGAGED IN THE MUSIC, THEATRICAL AND PERFORMING ARTS PROFESSIONS;4.2.2 THE PROVISION OF ADVANCED COURSES OF INSTRUCTION LEADING TO THE AWARD OF DEGREES OR OTHER APPROPRIATE QUALIFICATIONS; AND4.2.3 THE PROVISION, MAINTENANCE AND IMPROVEMENT OF PERFORMANCE FACILITIES FOR THE BENEFIT OF THE LOCAL COMMUNITY.

Defined Area of Benefit:

CARDIFF

Data Sources