Rachmaninoff Music Academy
Provision of music education to children and young adults; provision of performing opportunities for the pupils of the LRMS and other aspiring young musicians; arranging classical music concerts for the benefit of local communities; providing grants to those who can't otherwise afford music education.
Objects
TO ADVANCE THE EDUCATION OF CHILDREN AND YOUNG PEOPLE IN CLASSICAL MUSIC IN ALL ITS ASPECTS SO AS TO RAISE ASPIRATIONS FOR AND AWARENESS OF CLASSICAL MUSIC.
Financial health, per its FY2025 accounts
The accounts state that total incoming resources were £466,109 and total resources expended were £458,446, resulting in a surplus for the period. The trustees report that systems are in place to mitigate major risks and that the charity complied with its governing document and relevant accounting standards.
What the accounts disclose
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- 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
- 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
Trustees
- Cristina Tapparelli
- ELENA BROUN MBA/PhD/PS
- Janella Ajeigbe
- Mina Mortazavi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 15/05/2025 | £466k | £458k |
| 15/05/2024 | £422k | £415k |
| 15/05/2023 | £404k | £411k |
| 15/05/2022 | £335k | £339k |
| 15/05/2021 | £251k | £236k |
Common questions
Is Rachmaninoff Music Academy financially healthy?
Per its FY2025 accounts: The accounts state that total incoming resources were £466,109 and total resources expended were £458,446, resulting in a surplus for the period. The trustees report that systems are in place to mitigate major risks and that the charity complied with its governing document and relevant accounting standards.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ROTHSCHILD FOUNDATION | 2 | £754k |
| THE SCOPS ARTS TRUST | 2 | £37k |
| ANSON CHARITABLE TRUST | 2 | £20k |
| THE LONDON WOMEN'S CLINIC FOUNDATION | 1 | — |
| THE CHAMPNISS FOUNDATION | 1 | — |
| THE GATSBY CHARITABLE FOUNDATION | 1 | £6.0m |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £1.3m |
| MARIA BJORNSON MEMORIAL FUND | 1 | £830k |
Charities like this
- ROYAL ACADEMY OF MUSIC
- EARLY MUSIC AS EDUCATION
- THE ASSOCIATED BOARD OF THE ROYAL SCHOOLS OF MUSIC
- ROYAL PHILHARMONIC ORCHESTRA LIMITED
- THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND
- CHILTERN MUSIC ACADEMY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Rachmaninoff Music Academy | £466k | — | 0 | unclear | — | no doubt |
| ROYAL ACADEMY OF MUSIC | £33.2m | — | — | unclear | 14.3% | no doubt |
| EARLY MUSIC AS EDUCATION | £137k | — | 0 | within | — | no doubt |
| THE ASSOCIATED BOARD OF THE ROYAL SCHOOLS OF MUSIC | £50.9m | — | — | unclear | — | no doubt |
| ROYAL PHILHARMONIC ORCHESTRA LIMITED | £11.8m | — | — | unclear | 5.0% | no doubt |
| THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND | £1.9m | — | 0 | above | — | no doubt |