Finance Score: 0

Governance Score: -1

Support Score: 3

Large legacies income: +2
Deficit latest year: -2

No conflicts policy: -1

Grant maker support: +3

Overall GiG Score: 2

THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND

To apply its income to the education of students of the Royal Northern College of Music by the award of prizes, exhibitions, grants for travel or for the purchase of musical instruments, maintenance allowances or similar benefits.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker
This charity has an endowment fund which generates most of its income
This charity has received more than half of its income from legacies in recent years

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy
This charity uses a corporate trustee

Financial issues to consider:

Income was significantly lower than spending in the latest year

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
31/07/23	£1,594	£2,113	£-519	£12	£22,492	£1,873	10.6
31/07/22	£1,210	£1,612	£-402	£0	£22,561	£1,304	9.7
31/07/21	£914	£1,712	£-798	£0	£22,525	£988	6.9
31/07/20	£2,269	£1,874	£395	£0	£19,358	£719	4.6
31/07/19	£1,703	£1,601	£102	£0	£19,206	£587	4.4
31/07/18	£1,819	£1,718	£101	£0	£18,139	£663	4.6
31/07/17	£1,662	£1,490	£172	£0	£17,179	£270	2.2
31/07/16	£1,411	£1,249	£162	£0	£14,693	£413	4
31/07/15	£1,566	£1,474	£93	£2	£13,642	£89	0.7
31/07/14	£1,492	£1,429	£63	£2	£13,160	£81	0.7
31/07/13	£1,643	£1,665	£-22	£2	£12,934	£137	1
31/07/12	£1,495	£1,387	£108	£2	£11,118	£218	1.9
31/07/11	£1,481	£1,262	£219	£2	£11,156	£225	2.1
31/07/10	£1,162	£1,071	£91	£2	£10,060	£210	2.4
31/07/09	£1,562	£1,210	£351	£2	£8,646	£179	1.8
31/07/08	£3,241	£946	£2,295	£2	£8,777	£212	2.7
31/07/07	£964	£847	£118	£1	£7,257	£226	3.2
31/07/06	£633	£657	£-24	£0	£0	£0	n/a
31/07/05	£766	£786	£-20	£0	£0	£0	n/a
31/07/04	£655	£648	£7	£0	£0	£0	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 6%
Unrestricted Funds/Total Funds: 8%
Reserves/Spending: 10.6 months
Net Current Assets/Spending: 15 months
Quick Ratio: 20.8

Asset Split ?

Established: 48 years

mcm.ac.uk

info@rncm.ac.uk

01619075401

Charity Commission for England and Wales

Listed activities

Education/Training

GiG Classification

Performing and visual arts

How it operates

Makes Grants to Individuals

Where it operates

Manchester City,

Who it helps

Children/Young People

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 - Arts
£40,000	04/02/2020	towards the development of partnerships across the North of England to support the musical progression of young musicians from disadvantaged communities across two years (to be released in one ....more towards the development of partnerships across the North of England to support the musical progression of young musicians from disadvantaged communities across two years (to be released in one payment)

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (1)

ROYAL NORTHERN COLLEGE OF MUSIC

Legal constitution

Charity registered in England & Wales on 24/02/1976, number: 504948

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

There are no Policies registered with the Charities Commission

Filing Record

20 returns made; all on time

Main office

ROYAL NORTHERN COLLEGE OF MUSIC
124 OXFORD ROAD
MANCHESTER
M13 9RD

Objectives

FOR THE ADVANCEMENT OF THE EDUCATION OF STUDENTS AND FORMER STUDENTS OF THE ROYAL MANCHESTER COLLEGE OF MUSIC AND THE ROYAL NORTHERN COLLEGE OF MUSIC BY THE AWARD OF PRIZES, SCHOLARSHIPS, EXHIBITIONS, GRANTS FOR TRAVEL OR FOR THE PURCHASE OF MUSICAL INSTRUMENTS, MAINTENANCE ALLOWANCES AND OTHER SIMILAR BENEFITS.

Defined Area of Benefit:

NOT DEFINED

Data Sources