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ROYAL WELSH COLLEGE OF MUSIC AND DRAMA

Registered charity 1139282 · accounts filings on the Charity Commission register

The Royal Welsh College of Music and Drama is the National Conservatoire of Wales and a leading UK provider of specialist practical and performance-based training in music and drama.

Causes: Education/training · Arts/culture/heritage/science · website · Get email alerts

Latest income
£20.8m
Latest spending
£19.4m
Registered
2010
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the College reported an operating surplus of £1.774m for the year ended 31 July 2025, resulting in an increase in net assets to £21.647m. The Trustees confirm that the financial statements have been prepared on a going concern basis, citing sufficient funds to meet liabilities as they fall due over the assessment period. Per the Principal’s Review, the College remains reliant on generous regular financial support from individuals, trusts, and corporations to sustain its operations.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £170,001 - £180,000 — in the top quarter for charities its size (median £130k)
“£170,000 to £179,999 1 1” — page 38
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 4 of 6 completeness components.

In the news

Recent coverage mentioning this charity by name (automated match; headlines belong to their publishers).

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Property (HM Land Registry)

5 registered titles in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/07/2025)

Total income
£21.1m
Total spending
£19.4m
Cost of raising funds
£295k
Reserves (reported)
£21.6m
Employees
256

Reported reserves equal ~13.4 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, cost of raising funds: 1.4% of total income — below the median for charities its size (3.8%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cardiff

Income and spending

Financial year endIncomeSpending
31/07/2025£20.8m£19.4m
31/07/2024£22.1m£20.1m
31/07/2023£19.2m£20.3m
31/07/2022£16.6m£18.1m
31/07/2021£15.2m£16.1m

Common questions

Is ROYAL WELSH COLLEGE OF MUSIC AND DRAMA financially healthy?

Per its FY2025 accounts: The accounts state that the College reported an operating surplus of £1.774m for the year ended 31 July 2025, resulting in an increase in net assets to £21.647m. The Trustees confirm that the financial statements have been prepared on a going concern basis, citing sufficient funds to meet liabilities as they fall due over the assessment period. Per the Principal’s Review, the College remains reliant on generous regular financial support from individuals, trusts, and corporations to sustain its operations. Its FY2025 accounts were audited by HaysMac LLP.

What does the highest-paid employee of ROYAL WELSH COLLEGE OF MUSIC AND DRAMA earn?

Per its FY2025 accounts, the highest-paid employee was in the £170,001 - £180,000 band.

Who funds ROYAL WELSH COLLEGE OF MUSIC AND DRAMA?

Funders whose own accounts filings name ROYAL WELSH COLLEGE OF MUSIC AND DRAMA as a grant recipient include THE FOYLE FOUNDATION, THE CLIVE RICHARDS FOUNDATION, THE ALBERT AND EUGENIE FROST MUSIC TRUST CIO, THE MACKINTOSH FOUNDATION, COLWINSTON CHARITABLE TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE FOYLE FOUNDATIONFY2025£1.5m
THE CLIVE RICHARDS FOUNDATIONFY2025£150k
THE ALBERT AND EUGENIE FROST MUSIC TRUST CIOFY2024£111k
THE MACKINTOSH FOUNDATIONFY2023£60k
COLWINSTON CHARITABLE TRUSTFY2024£30kSupport the String Quartet in residence.
COLWINSTON CHARITABLE TRUSTFY2024£15kSupport the String Quartet in residence.
THE SIMON GIBSON CHARITABLE TRUSTFY2022£5k
THE DYERS' COMPANY CHARITABLE TRUSTFY2024£5kEducation and the Young
THE OAKDALE TRUSTFY2025£2k
THE NEVILLE ABRAHAM FOUNDATIONFY2023£750
THE SIMON GIBSON CHARITABLE TRUSTFY2023£0

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE LEVERHULME TRUST2£1.2m
MARIA BJORNSON MEMORIAL FUND2£855k
HENRY WOOD ACCOMMODATION TRUST2£236k
THE LONDON WOMEN'S CLINIC FOUNDATION2£207k
FISHMONGERS' COMPANY'S CHARITABLE TRUST2£186k
ST MARYLEBONE EDUCATIONAL FOUNDATION2£100k
DRAPERS CHARITABLE FUND2£70k
THE HARBOUR FOUNDATION2£61k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE ROYAL COLLEGE OF MUSIC.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
ROYAL WELSH COLLEGE OF MUSIC AND DRAMA£20.8m£170,001 - £180,000—unclear—no doubt
THE ROYAL COLLEGE OF MUSIC FY2025£41.1m——unclear—no doubt
THEATR GENEDLAETHOL CYMRU FY2025£1.5m£60,001 - £70,0002unclear—no doubt
THE ROYAL NORTHERN COLLEGE OF MUSIC ENDOWMENT FUND FY2025£4.0m—0unclear—no doubt
ROYAL ACADEMY OF MUSIC FY2025£33.2m——unclear14.3%no doubt
HENRY WOOD ACCOMMODATION TRUST FY2026£155k—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.