THE ROYAL SOCIETY OF MUSICIANS OF GREAT BRITAIN
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.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income of £80,267 for the year ended 31 July 2025, driven by strong investment returns despite a loss in the market valuation of equities. The charity holds substantial unrestricted funds of £37,773,541, with free reserves of £566,598, which the trustees consider prudent to hold in investments to generate income rather than in deposit accounts. Per the trustees' report, the organization remains financially stable with adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“One employee had benefits falling between £60,000 and £70,000 (excluding pensions and employer National Insurance contributions) (2024: 1).” — page 50
“One employee had benefits falling between £60,000 and £70,000 (excluding pensions and employer National Insurance contributions) (2024: 1).” — page 50
“The larger part of our income came, as usual, from our investment portfolio, which raised £958,229 (2024: £1,167,264) in dividends and interest.” — page 28
“For the Society it has been considered prudent to continue to aim to hold an amount equivalent to six months’ expenditure as free reserves: currently this would be over £800,000.”
“Four (2024: five) Governors donated £1,010 in addition to their annual membership fees in the year (2024: £1,160). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.” — page 51
“Five (2024: six) members of the board of Governors received travel and subsistence expenses during the year of £8,677 (2024:£4,452).” — page 51
“Four (2024: five) Governors donated £1,010 in addition to their annual membership fees in the year (2024: £1,160). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.” — page 51
“Five (2024: six) members of the board of Governors received travel and subsistence expenses during the year of £8,677 (2024:£4,452).” — page 51
What the charity says about itself (2024/25)
“The Trustees of The Royal Society of Musicians of Great Britain (the Society, RSM) present their Annual Report for the year ended 31 July 2025.”
“Over the past 12 months, RSM supported 518 music professionals with a combined total of 732 grants – an increase of 65% in the number of individuals supported in the past five years (2021: 314 music professionals).”
“This year, the most frequently awarded specialist health grants were for physical therapies (38% or 135 grants), continuing trends of the previous two years and preCOVID. This includes physiotherapy such as myofascial release therapy; osteopathy; acupuncture; chiropractic treatment; vocal rehabilitation and massage therapy.”
Leadership, per the charity’s website
- Errollyn Wallen CBE — President
- Charlotte Penton-Smith — Chief Executive
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Carl Anthony Jackson MVO
- Daniel Baruch Meyer
- Elizabeth Drew
- George Caird Professor
- George Vass
- Jacoba Gale
- Jeremy Huw Williams BEM PhD
- Keith Martin Ames
- Kim Murphy
- Marianne Olyver
- Nickie Dixon
- Orphy Robinson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £1.4m | £1.3m |
| 31/07/2024 | £1.5m | £1.5m |
| 31/07/2023 | £1.3m | £1.3m |
| 31/07/2022 | £1.4m | £1.4m |
| 31/07/2021 | £1.4m | £1.7m |
Common questions
Is THE ROYAL SOCIETY OF MUSICIANS OF GREAT BRITAIN financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net income of £80,267 for the year ended 31 July 2025, driven by strong investment returns despite a loss in the market valuation of equities. The charity holds substantial unrestricted funds of £37,773,541, with free reserves of £566,598, which the trustees consider prudent to hold in investments to generate income rather than in deposit accounts. Per the trustees' report, the organization remains financially stable with adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by BHP LLP.
What does the highest-paid employee of THE ROYAL SOCIETY OF MUSICIANS OF GREAT BRITAIN earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ADRIAN SWIRE CHARITABLE TRUST | 2 | £48k |
| VAUGHAN WILLIAMS FOUNDATION | 2 | £16k |
| HUO FAMILY FOUNDATION (UK) LIMITED | 1 | £204k |
| THE MAYFIELD VALLEY ARTS TRUST | 1 | £110k |
| JOHN ELLERMAN FOUNDATION | 1 | £75k |
| THE CHARLES SKEY CHARITABLE TRUST | 1 | £65k |
| THE OFENHEIM CHARITABLE TRUST | 1 | £48k |
| THE KATHLEEN SMITH FOUNDATION | 1 | £30k |
Charities like this
- MUSICIANS BENEVOLENT FUND
- THE NATIONAL FEDERATION OF MUSIC SOCIETIES
- LONDON BACH SOCIETY
- ROYAL PHILHARMONIC SOCIETY
- The Royal Corps of Army Music Trust
- BRIGHTON AND HOVE PHILHARMONIC SOCIETY LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ROYAL SOCIETY OF MUSICIANS OF GREAT BRITAIN | £1.4m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| MUSICIANS BENEVOLENT FUND | £5.7m | — | 14 | unclear | — | no doubt |
| THE NATIONAL FEDERATION OF MUSIC SOCIETIES | £936k | above £60,000 | 2 | unclear | — | no doubt |
| LONDON BACH SOCIETY | £147k | Under £60,000 | 0 | unclear | — | no doubt |
| ROYAL PHILHARMONIC SOCIETY | £539k | £80,001 - £90,000 | 1 | unclear | — | no doubt |
| The Royal Corps of Army Music Trust | £159k | — | 0 | unclear | — | no doubt |