THE ROYAL MUSICAL ASSOCIATION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement in funds of £15,295 for the year, driven by a planned deficit in unrestricted funds to cover 150th Anniversary costs. The trustees confirm that reserves held at 31 December 2024 continue to more than meet the agreed policy target of six months' expenditure. The charity maintains adequate resources to meet foreseeable contingencies and finance its activities for the future.
What the accounts disclose
“The Association’s current reserves policy, as agreed in 2022, and now reviewed annually, is to keep at least 6 months’ worth of expenditure in reserves, based on the previous year’s estimated figure.” — page 11
Trustees
- Dr Amelie Amy May Marie Blier-Carruthers
- Dr Ann Renee van Allen-Russell
- Dr Barbara Lucy Kelly
- Dr Caroline Anne Bodman Rae
- Dr Erin Grace Johnson-Williams
- Dr Genevieve Robyn Arkle
- Dr Laura Ann Hamer
- Dr Lois Fitch
- Dr Mark Berry
- Dr Nicholas William James Attfield
- Dr Nuria Bonet Filella
- Dr Rebecca Louise Herissone-Kelly
- Dr Susan Margaret Miller
- Dr Thomas Attah
- Professor Catherine Jane Tackley
- Professor Sarah Collins
- Simon Patrick Keefe
- Valerie James
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £146k | £137k |
| 31/12/2023 | £94k | £89k |
| 31/12/2022 | £186k | £89k |
| 31/12/2021 | £104k | £78k |
| 31/12/2020 | £89k | £75k |
Common questions
Is THE ROYAL MUSICAL ASSOCIATION financially healthy?
The accounts state that the charity reported a net movement in funds of £15,295 for the year, driven by a planned deficit in unrestricted funds to cover 150th Anniversary costs. The trustees confirm that reserves held at 31 December 2024 continue to more than meet the agreed policy target of six months' expenditure. The charity maintains adequate resources to meet foreseeable contingencies and finance its activities for the future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HEALTH FOUNDATION | 1 | £150k |
| JOHN ELLERMAN FOUNDATION | 1 | £75k |
| THE NUFFIELD FOUNDATION | 1 | £66k |
| THE BOLTINI TRUST | 1 | £20k |
| DR RADCLIFFE'S TRUST | 1 | £5k |
| THE MARCHUS TRUST | 1 | £5k |
| THE IDLEWILD TRUST | 1 | £4k |
| COLWINSTON CHARITABLE TRUST | 1 | £3k |