ROYAL ACADEMY OF MUSIC

Charity number: 310007
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

To provide pre-professional, undergraduate and postgraduate musical training of the highest national and international standards.

Income and expenditure

Data for financial year ending 31 July 2024

Total income:
£37,506,000

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Donations and legacies £14.90m
Charitable activities £18.91m
Other trading activities £528.00k
Investments £1.16m
Other £2.01m

Total expenditure:
£30,331,000

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Raising funds £1.31m
Charitable activities £29.03m
Other £0

£7,898,000 investments gains (losses)

Total income includes £5,806,000 from 6 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £1.31m
Charitable expenditure £29.03m
Retained for future use £7.18m

People

248 Employee(s)

17 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 7
£70k to £80k 9
£80k to £90k 5
£90k to £100k 4
£100k to £110k 4
£110k to £120k 4
£120k to £130k 1
£150k to £200k 2
£250k to £300k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
  • The General Public/mankind
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 04 January 1973: Standard registration
Organisation type:
Other
Other names:
  • R A M (Working name)
Company number:
RC000438 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
  • Ofsted (Office For Standards In Education)
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds 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
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

17 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Professor Sir Wayne MCGREGOR Trustee 31 March 2025
THE WAYNE MCGREGOR FOUNDATION
Received: On time
Dr Christopher Philip Robert White Trustee 22 October 2024
None on record
Professor Jonathan Freeman-Attwood Trustee 01 September 2024
None on record
Sir SIMON CHRISTOPHER TOWNSEND ROBEY Trustee 01 August 2024
HEYWOOD FOUNDATION
Received: On time
Britten Pears Arts
Received: On time
Peter Hesketh Trustee 01 August 2024
GATSBY AFRICA
Received: On time
Dinah Rose Trustee 01 August 2024
THE COLLEGE OF ST MARY MAGDALEN IN THE UNIVERSITY OF OXFORD
Received: On time
CHARLES AND JULIA HENRY FUND
Received: On time
Andrew Hamish Forsyth Trustee 01 September 2023
OXFORD LIEDER
Received: On time
THE MILA CHARITABLE ORGANISATION
Received: On time
SIR JOHN SOANE'S MUSEUM
Received: On time
Tiffany Qiu Trustee 01 September 2023
None on record
Gemma Waring Trustee 01 September 2022
None on record
Ina De Trustee 01 January 2022
THE SAMUEL COURTAULD TRUST
Received: On time
TRAINING AND RESEARCH GLOBAL EDUCATION TRUST
Received: On time
Alexis Alexander Ffrench Trustee 01 January 2022
None on record
Duchess Antonia Wellington OBE Trustee 01 September 2019
None on record
REHMET KASSIM LAKHA DE MORIXE Trustee 01 September 2017
None on record
Lord Blackwell Trustee 27 March 2017
None on record
WILLIAM MICHAEL JEFFERIES DE WINTON Trustee 25 October 2016
UP - UNLOCKING POTENTIAL
Received: On time
DAMIAN WISNIEWSKI Trustee 06 April 2016
None on record
JOHN BURGESS Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/07/2020 31/07/2021 31/07/2022 31/07/2023 31/07/2024
Total gross income £25.41m £30.07m £32.58m £32.53m £33.50m
Total expenditure £24.96m £24.53m £26.48m £29.47m £30.33m
Income from government contracts N/A £5.01m N/A N/A £0
Income from government grants £5.20m £5.01m £5.54m £6.22m £5.81m
Income - Donations and legacies £11.99m £12.77m £13.67m £11.18m £14.90m
Income - Other trading activities £0 £0 £0 £463.00k £528.00k
Income - Charitable activities £10.86m £15.70m £16.77m £18.41m £18.91m
Income - Endowments £754.70k £7.03m £4.22m £4.44m £4.00m
Income - Investment £1.37m £947.07k £834.10k £1.24m £1.16m
Income - Other £1.93m £664.11k £1.31m £1.24m £2.01m
Income - Legacies £0 £2.08m £3.89m £4.38m £2.64m
Expenditure - Charitable activities £24.02m £23.79m £25.56m £28.39m £29.03m
Expenditure - Raising funds £940.40k £742.00k £923.43k £1.08m £1.31m
Expenditure - Governance £92.82k £80.26k £65.00k £174.14k £98.27k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £164.53k £671.08k £671.00k £0 £116.05k
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/07/2020 31/07/2021 31/07/2022 31/07/2023 31/07/2024
Own use assets £121.95m £144.92m £143.99m £144.36m £144.47m
Long-term investments £41.99m £49.49m £51.27m £67.74m £75.69m
Other assets £13.31m £21.21m £26.26m £13.91m £20.66m
Defined benefit pension scheme asset or liability -£5.16m -£4.04m -£1.87m -£572.00k £0
Total liabilities £3.31m £4.56m £3.77m £4.14m £4.15m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 July 2024 07 April 2025 On Time
Accounts and TAR 31 July 2024 07 April 2025 On Time Download Open in new window
Annual return 31 July 2023 27 March 2024 On Time
Accounts and TAR 31 July 2023 27 March 2024 On Time Download Open in new window
Annual return 31 July 2022 05 April 2023 On Time
Accounts and TAR 31 July 2022 05 April 2023 On Time Download Open in new window
Annual return 31 July 2021 21 March 2022 On Time
Accounts and TAR 31 July 2021 21 March 2022 On Time Download Open in new window
Annual return 31 July 2020 21 May 2021 On Time
Accounts and TAR 31 July 2020 21 May 2021 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

ROYAL CHARTER LETTERS PATENT OF 23 JUNE 1830 AND SCHEME OF 27 DECEMBER 1990 AND AMENDED 20 JULY 1998

Charitable objects

THE CULTIVATION OF THE SCIENCE OF MUSIC AND TO AFFORD FACILITIES FOR ATTAINING PERFECTION IN IT BY ASSISTING WITH GENERAL INSTRUCTION ALL PERSONS DESIROUS OF ACQUIRING A KNOWLEDGE THEREOF.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Linked charities

Linked charities
Linked charity 310007-119 ADA LEWIS SCHOLARSHIPS
Governing document
DECLARATION OF TRUST DATED 30 AUGUST 1901
Charitable objects
INCOME TO BE APPLIED IN PAYING THE TUITION FEES OF THE SCHOLARS HOLDING ANY OF THE 15 'ADA LEWIS SCHOLARSHIPS'. THE CANDIDATES CAN BE OF EITHER SEX, BRITISH BORN AND WHO HAVE NEVER BEEN STUDENTS AT THE ACADEMY OR ROYAL COLLEGE OF MUSIC.
Area of benefit
NOT DEFINED
Registration history
  • 04 January 1973 : Standard registration

Contact information

Address:
ROYAL ACADEMY OF MUSIC
MARYLEBONE ROAD
LONDON
NW1 5HT
Phone:
02078737309
Email:
Financeteam@ram.ac.uk
Website:

ram.ac.uk