Finance Score: -1

Governance Score: 2

Support Score: 3

Pension deficit: -1

12+ Trustees: -1
Gender balanced board: +3

Gov Income
Grant maker support: +3

Overall GiG Score: 4

THE ASSOCIATED BOARD OF THE ROYAL SCHOOLS OF MUSIC

ABRSM motivates musical achievement through internationally recognised examination and assessment of students, professional development of teachers and provision of published resources and online learning via its websites, apps and audio and video resources. ABRSM makes significant donations towards music education each year including scholarships to the four Royal Schools of Music.

Analysis by Giving is Great

Positives:

The charity has received Government grants
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of gender

Regulatory & Governance issues to consider:

There are 14 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

There is a pension deficit of £3,798,000

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
31/01/23	£45,529	£38,179	£7,350	£0	£17,168	£15,477	4.9	182	192
31/01/22	£42,498	£35,188	£7,310	£0	£7,929	£6,285	2.1	178	194
31/01/21	£23,397	£31,352	£-7,955	£0	£-13,188	£-14,681	-5.6	167	255
31/01/20	£57,001	£49,592	£7,409	£0	£-1,717	£-3,276	-0.8	183	264
31/01/19	£54,575	£53,567	£1,008	£0	£-3,152	£-4,522	-1	173	267
31/01/18	£49,780	£48,113	£1,667	£0	£-2,160	£-3,584	-0.9	169	0
31/01/17	£49,168	£44,454	£4,714	£0	£-5,269	£-6,558	-1.8	157	0
31/01/16	£44,138	£43,159	£979	£0	£-1,917	£-3,011	-0.8	163	0
31/01/15	£44,448	£41,369	£3,079	£223	£-6,942	£-8,070	-2.3	161	0
31/01/14	£42,898	£39,722	£3,176	£160	£643	£-409	-0.1	162	0
31/01/13	£44,149	£42,140	£2,009	£85	£-3,680	£-4,685	-1.3	158	0
31/01/12	£41,478	£39,979	£1,499	£135	£-3,585	£-4,490	-1.3	150	0
31/01/11	£39,887	£38,596	£1,291	£63	£469	£-444	-0.1	141	0
31/01/10	£33,471	£32,536	£935	£77	£-5,017	£-5,767	-2.1	139	0
31/01/09	£32,084	£30,415	£1,669	£67	£-606	£-1,168	-0.5	137	0
31/01/08	£26,800	£26,648	£152	£64	£-1,587	£-2,363	-1.1	127	0
31/01/07	£26,533	£25,992	£541	£61	£-3,315	£-4,131	-1.9	104	0
31/01/06	£25,054	£24,839	£214	£0	£0	£0	n/a	0	0
31/01/05	£23,960	£24,026	£-66	£0	£0	£0	n/a	0	0
31/01/04	£21,823	£21,994	£-171	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 36%
Liabilities/Income: 26%
Unrestricted Funds/Total Funds: 90%
Reserves/Spending: 4.9 months
Net Current Assets/Spending: 5 months
Quick Ratio: 0.8

Asset Split ?

Established: 39 years

www.abrsm.org

abrsm@abrsm.ac.uk

02074678223

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Makes Grants to Individuals
Makes Grants to Organisations
Provides advocacy/advice/information
Provides services

Where it operates

Andorra, Anguilla, Antigua And Barbuda, Australia, Austria, Bahrain, Bangladesh, Barbados, Belgium, Belize, Bermuda, British Virgin Islands, Brunei, Bulgaria, Canada, Cayman Islands, Chile, China, Cyprus, Czech Republic, Denmark, Dominica, Dominican Republic, Egypt, Falkland Islands, Faroe Islands, Fiji, Finland, France, Germany, Ghana, Gibraltar, Greece, Grenada, Guyana, Hong Kong, Hungary, Iceland, India, Indonesia, Ireland, Italy, Jamaica, ....more

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
People With Disabilities
The General Public/Mankind

Who works here?

182 employees
192 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (14)

Current Trustees appointed

Gender Split

Based on 13/14 persons

Age Range of Trustees: 54-75

BRONWYN SYIEK Appointed: 2019, Occupation: Company Director

ABDUL BHANJI Appointed: 2021, Occupation: Company Director

FRANCES ANDERSON Appointed: 2019, Occupation: Lawyer

GAVIN REID Appointed: 2024, Occupation: Chief Executive

PROFESSOR JONATHAN FREEMAN-ATTWOOD Appointed: 2008

VERONICA WADLEY Appointed: 2020, Occupation: Director

ANTONY JOHN HALES (Chair) Appointed: 2017, Occupation: Company Director

DAMIAN MARK ALAN WISNIEWSKI Appointed: 2017, Occupation: Director

KEVIN PORTER Appointed: 2009, Occupation: Education

KAREN DI LORENZO Appointed: 2021, Other trusteeship: THINKTANK THEATRE (STREATHAM SPACE PROJECT),

LESLIE KWAN Appointed: 2022, Occupation: Director, Other trusteeship: YOUR TURN COLLECTIVE,

PROF JEFFREY NEIL SHARKEY Appointed: 2014, Occupation: Principal Of The Royal Conservatoire Of Scotland, Other trusteeship: CONSERVATOIRES UK,

PROF LINDA MERRICK Appointed: 2012, Occupation: Principal, Other trusteeships: CHETHAM'S HOSPITAL SCHOOL AND LIBRARY, THE PITFIELD TRUST, CONSERVATOIRES UK,

PROFESSOR COLIN JAMES LAWSON Appointed: 2005, Occupation: Director, Other trusteeship: CONSERVATOIRES UK,

Legal constitution

Charitable company registered in England & Wales on 23/07/1985, number: 292182
Registered at Companies House on 26/06/1985, number: 01926395

Gift Aid

NOT registered with HMRC for Gift Aid

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; all on time

Main office

ASSOCIATED BOARD OF THE ROYAL
SCHOOLS OF MUSIC
4 LONDON WALL PLACE
LONDON
EC2Y 5AU

Objectives

A. THE ADVANCEMENT OF THE ARTS SCIENCES AND SKILLS OF MUSIC, SPEECH AND DRAMA THROUGHOUT THE UNITED KINGDOM AND OVERSEAS. B. THE PROMOTION OF EDUCATION AND INSTRUCTION IN AND THE STUDY AND APPRECIATION OF MUSIC, SPEECH AND DRAMA AND THE DISSEMINATION OF KNOWLEDGE CONCERNING THE SAME.

Defined Area of Benefit:

NATIONAL AND OVERSEAS

Data Sources