RADIO ACADEMY
The Charity operates for the encouragement, recognition and promotion of excellence in all aspects of radio broadcasting and audio production in the UK in order to maximise the potential of educational benefits this may bring. The company's subsidiary produces amongst other events the Radio Academy Awards and the Radio Festival both of which are in line with the main objectives of the Charity.
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with a deficit of £38,524, primarily due to changes in commercial arrangements and increased investment in management capacity. Despite this, the trustees report that free reserves stood at £38,551 and expressed a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“At 31 December 2024, free reserves stood at £38,551. The Trustees will review this annually.”
“Trustee Perminder Khatkar received £443.50 in expenses to cover travel to in-person board meetings, Radio Academy Festival on-site meetings (as co-chair of the initiative) of which there was also an overnight hotel required for one occasion.” — page 6
Trustees
- Adele Patricia Yolande CROSS
- Helen Mariam Thomas
- Jonathan Michael Henry Arendt
- Kathryn Elizabeth ANASTASI
- Kiran Nandra
- Nicholas Mark Pitts
- Perminder Khatkar
- Philip Maguire OBE
- Victoria Easton-Riley
- Victoria Stewart
- William Reid JACKSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £389k | £427k |
| 31/12/2023 | £414k | £387k |
| 31/12/2022 | £370k | £406k |
| 31/12/2021 | £266k | £203k |
| 31/12/2020 | £340k | £301k |
Common questions
Is RADIO ACADEMY financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with a deficit of £38,524, primarily due to changes in commercial arrangements and increased investment in management capacity. Despite this, the trustees report that free reserves stood at £38,551 and expressed a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MARIA BJORNSON MEMORIAL FUND | 3 | £873k |
| STANLEY PICKER TRUST | 3 | £45k |
| THE JOHN S COHEN FOUNDATION | 3 | £37k |
| THE LEVERHULME TRUST | 2 | £1.2m |
| THE LONDON WOMEN'S CLINIC FOUNDATION | 2 | £207k |
| THE REED FOUNDATION | 2 | £199k |
| HENRY WOOD ACCOMMODATION TRUST | 2 | £178k |
| ST MARYLEBONE EDUCATIONAL FOUNDATION | 2 | £77k |
Charities like this
- THE ROYAL ACADEMY OF DRAMATIC ART
- THE BRITISH ACADEMY OF MANAGEMENT
- THE ACADEMY OF MEDICAL ROYAL COLLEGES
- THE BRITISH ACADEMY OF FILM AND TELEVISION ARTS
- LONDON MUSICIANS' COLLECTIVE LIMITED
- ROYAL ACADEMY OF MUSIC
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RADIO ACADEMY | £389k | — | 0 | below | — | no doubt |
| THE ROYAL ACADEMY OF DRAMATIC ART | £16.7m | — | 0 | unclear | — | no doubt |
| THE BRITISH ACADEMY OF MANAGEMENT | £1.0m | — | — | above | — | no doubt |
| THE ACADEMY OF MEDICAL ROYAL COLLEGES | £1.5m | — | 0 | above | — | no doubt |
| THE BRITISH ACADEMY OF FILM AND TELEVISION ARTS | £29.3m | — | — | unclear | — | no doubt |
| LONDON MUSICIANS' COLLECTIVE LIMITED | £301k | Over £60,000 | 1 | below | — | no doubt |