THE ROYAL MUSICAL ASSOCIATION
The charity publishes the Journal of the Royal Musical Association half-yearly and annually the RMA Research Chronicle and RMA Monograph series. It organises and supports conferences concerning musicological matters and recognises the achievement of excellence in musical scholarship by the annual award of the Dent Medal, the Tippett Medal, the Jerome Roche Prize, and the Peter Le Huray Lecture.
Objects
THE ADVANCEMENT OF EDUCATION IN MUSIC, IN PARTICULAR BUT NOT EXCLUSIVELY BY, THE PUBLICATION OF SCHOLARLY MATERIAL IN THE FIELD OF MUSIC
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
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Conflicting interests
- 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
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Corporate structure
- Registered company of the charity Companies House 00081327
- Equity: £301k
Company officers (Companies House)
- RAE, Caroline Anne Bodman, Dr on trustee list
- SCHEDING, Florian, Dr not on trustee list
- CORMAC, Joanne Emma, Dr not on trustee list
- GARRATT, James Edmund, Professor not on trustee list
- PAGE, Annabelle Miriam, Dr not on trustee list
- WILLIAMSON, Amy, Dr not on trustee list
- HICKS, Jonathan Edward, Dr not on trustee list
- MEINHART, Michelle Marie, Dr not on trustee list
- BLIER-CARRUTHERS, Amélie Amy May Marie, Dr on trustee list
- ATTFIELD, Nicholas William James, Dr on trustee list
- JOHNSON-WILLIAMS, Erin Grace, Dr on trustee list
- KEEFE, Simon Patrick, Professor on trustee list
- HERISSONE, Rebecca Louise, Professor not on trustee list
- JAMES, Valerie Ann on trustee list
- BABINGTON, Amanda, Dr
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?
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. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LEVERHULME TRUST | 2 | £1.2m |
| MARIA BJORNSON MEMORIAL FUND | 2 | £855k |
| HENRY WOOD ACCOMMODATION TRUST | 2 | £236k |
| THE LONDON WOMEN'S CLINIC FOUNDATION | 2 | £207k |
| FISHMONGERS' COMPANY'S CHARITABLE TRUST | 2 | £186k |
| ST MARYLEBONE EDUCATIONAL FOUNDATION | 2 | £100k |
| DRAPERS CHARITABLE FUND | 2 | £70k |
| THE HARBOUR FOUNDATION | 2 | £61k |
Charities like this
- THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND
- ROYAL PHILHARMONIC ORCHESTRA LIMITED
- ROYAL PHILHARMONIC SOCIETY
- ROYAL ACADEMY OF MUSIC
- ROYAL CHORAL SOCIETY LIMITED
- THE ASSOCIATED BOARD OF THE ROYAL SCHOOLS OF MUSIC
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ROYAL MUSICAL ASSOCIATION | £146k | — | 0 | above | — | no doubt |
| THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND | £1.9m | — | 0 | above | — | no doubt |
| ROYAL PHILHARMONIC ORCHESTRA LIMITED | £11.8m | — | — | unclear | 5.0% | no doubt |
| ROYAL PHILHARMONIC SOCIETY | £539k | £80,001 - £90,000 | 1 | unclear | — | no doubt |
| ROYAL ACADEMY OF MUSIC | £33.2m | — | — | unclear | 14.3% | no doubt |
| ROYAL CHORAL SOCIETY LIMITED | £285k | — | 0 | unclear | — | no doubt |