Charity overview THE ROYAL SOCIETY OF MUSICIANS OF GREAT BRITAIN
Activities - how the charity spends its money
The Society, a charity for musicians run by musicians, provides grants and support to professional musicians and their families in need because of accident, illness or old age whether or not they are members. Founded in 1738 as the Fund for Decay'd Musicians, early members included Handel, Arne, Boyce and Sammartini. Today it maintains its tradition of responding swiftly to needs of colleagues.
Income and expenditure
Data for financial year ending 31 July 2023
Total income:
£1,296,250
| Donations and legacies | £220.76k | |
| Charitable activities | £0 | |
| Other trading activities | £125 | |
| Investments | £1.07m | |
| Other | £5.24k |
Total expenditure:
£1,265,226
| Raising funds | £234.16k | |
| Charitable activities | £1.03m | |
| Other | £0 |
-£3,222,414 investments gains (losses)
Charitable expenditure
Charitable expenditure with investment gains
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.
| Raising funds and other expenditure | £234.16k | |
| Charitable expenditure | £1.03m | |
| Retained for future use | £31.02k |
People
5 Employee(s)
12 Trustee(s)
35 Volunteer(s)
Employees with total benefits over £60,000
| Number of employees | |
|---|---|
| £60k to £70k | 1 |