Finance Score: 1

Governance Score: -1

Support Score: 7

Liabilities <10%: +3
Excess reserves: -5
Large legacies income: +2
Deficit latest year: -2
Fundraising costs low: +3

No conflicts policy: -1

Grant maker support: +7

Overall GiG Score: 7

THE ROYAL NORTHERN COLLEGE OF MUSIC ENDOWMENT FUND

Support of the Royal Northern College of Music and the Junior School at the Royal Northern College of Music and the advancement of the education of its students and former students.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
This charity has a robust balance sheet
This charity has received more than half of its income from legacies in recent years
Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised

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:

This charity has substantial assets and unrestricted reserves of £12,219,212 available, equivalent to 56 months of spending and so may not be able to utilise additional funding
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	£1,819	£2,631	£-812	£0	£16,347	£12,219	55.7
31/07/22	£863	£555	£307	£0	£17,184	£13,336	288.2
31/07/21	£620	£544	£76	£0	£16,862	£12,862	283.7
31/07/20	£710	£589	£122	£0	£16,118	£12,540	255.7
31/07/19	£1,925	£1,057	£869	£0	£15,934	£12,239	139
31/07/18	£2,293	£1,476	£817	£0	£14,939	£10,654	86.6
31/07/17	£2,233	£590	£1,644	£0	£13,690	£9,268	188.6
31/07/16	£1,937	£406	£1,531	£0	£11,484	£7,138	211.2
31/07/15	£2,005	£2,229	£-224	£0	£9,705	£5,421	29.2
31/07/14	£2,054	£2,924	£-870	£1	£9,673	£5,115	21
31/07/13	£2,085	£2,357	£-272	£1	£10,538	£5,964	30.4
31/07/12	£1,572	£1,706	£-134	£1	£10,221	£5,648	39.7
31/07/11	£2,304	£2,205	£99	£1	£10,388	£5,717	31.1
31/07/10	£1,911	£1,037	£874	£1	£9,958	£5,841	67.6
31/07/09	£3,648	£1,216	£2,431	£1	£8,758	£4,970	49
31/07/08	£1,402	£1,607	£-206	£1	£6,394	£4,699	35.1
31/07/07	£2,196	£617	£1,578	£1	£6,744	£4,923	95.7
31/07/06	£1,122	£792	£330	£0	£0	£0	n/a
31/07/05	£1,154	£1,111	£43	£0	£0	£0	n/a
31/07/04	£1,326	£1,044	£283	£0	£0	£0	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 1.8%
Fundraising Costs/Total Spending: 1%
Highest pay band: Less than £60,000
Liabilities/Assets: 2%
Liabilities/Income: 16%
Unrestricted Funds/Total Funds: 75%
Reserves/Spending: 55.7 months
Net Current Assets/Spending: 42 months
Quick Ratio: 25.2

Asset Split ?

Established: 48 years

www.rncm.ac.uk

info@rncm.ac.uk

01619075401

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training

GiG Classification

Performing and visual arts

How it operates

Makes Grants to Organisations

Where it operates

Manchester City,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies

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
National Lottery Heritage Fund - Grant to Royal Northern College of Music
£206,076	24/10/2022	Throwing Open The Doors - 50 Years of Manchester Music
Wolfson Foundation - Grant to Royal Northern College of Music
£90,000	09/12/2021	Wolfson Scholarships for Young Musicians/Instrument Fund 2022, 2023, 2024 (Wolfson Music Awards)
National Lottery Heritage Fund - Grant to Royal Northern College of Music
£62,800	25/07/2019	A 20/20 Legacy: the centenary of the Northern School of Music
Garfield Weston Foundation - Major Grants award
£150,000	21/06/2018	RNCM Ensemble+
National Lottery Heritage Fund - Grant to Royal Northern College of Music
£9,300	26/06/2017	Revealing and Reinterpreting, "Making Music in Manchester during WW1"
Esmee Fairbairn - Grant to Royal Northern College of Music
£65,605	25/02/2009 36	Towards Project costs Towards the salary of the project manager and lead musicians involved in the Music for Health Programme.

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: 504949

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

Recent reorganisation events:

Asset transfer in from THE SUPPORTERS OF RNCM CHARITABLE TRUST on 01/12/2019

Main office

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

Objectives

FOR THE GENERAL PURPOSES OF THE ROYAL NORTHERN COLLEGE OF MUSIC AND THE JUNIOR SCHOOL AT THE ROYAL NORTHERN COLLEGE OF MUSIC AND IN THE ADVANCEMENT OF EDUCATION OF ITS STUDENTS AND FORMER STUDENTS.

Defined Area of Benefit:

NOT DEFINED

Data Sources