THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND
To apply its income to the education of students of the Royal Northern College of Music by the award of prizes, exhibitions, grants for travel or for the purchase of musical instruments, maintenance allowances or similar benefits.
Objects
FOR THE ADVANCEMENT OF THE EDUCATION OF STUDENTS AND FORMER STUDENTS OF THE ROYAL MANCHESTER COLLEGE OF MUSIC AND THE ROYAL NORTHERN COLLEGE OF MUSIC BY THE AWARD OF PRIZES, SCHOLARSHIPS, EXHIBITIONS, GRANTS FOR TRAVEL OR FOR THE PURCHASE OF MUSICAL INSTRUMENTS, MAINTENANCE ALLOWANCES AND OTHER SIMILAR BENEFITS.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £1.2m, which is above the stated policy minimum of £500,000. The charity reported a net deficit for the year of £519,035, primarily driven by charitable expenditure exceeding income, though this was offset by significant investment gains. The trustees confirmed the charity has adequate resources to continue as a going concern.
What the accounts disclose
“Unrestricted income for the year ended 31 July 2025 was £1,135,850. Of this, £17,529 was derived from legacies and donations and the balance of £1,118,321 arose from investments and bank balances held as part of the permanently endowed capital of the charity.” — page 6
“Whilst the Trustee seeks to maintain undesignated unrestricted funds at a minimum level of £500,000 to cover any unplanned expenditure, they do not deem it necessary to hold a specific amount in reserve to cover short term declines in income.” — page 7
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity 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
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/07/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/07/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/07/2023
- Grant-making is its main activity
Structured financials (annual return, FY ending 31/07/2025)
Register events
- Received assets from another charity (09/03/2017)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £1.9m | £2.7m |
| 31/07/2024 | £2.2m | £2.1m |
| 31/07/2023 | £1.6m | £2.1m |
| 31/07/2022 | £1.2m | £1.6m |
| 31/07/2021 | £914k | £1.7m |
Common questions
Is THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £1.2m, which is above the stated policy minimum of £500,000. The charity reported a net deficit for the year of £519,035, primarily driven by charitable expenditure exceeding income, though this was offset by significant investment gains. The trustees confirmed the charity has adequate resources to continue as a going concern. Its FY2025 accounts were audited by HaysMac LLP.
Who funds THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND?
Funders whose own accounts filings name THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND as a grant recipient include THE OLDHURST TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE OLDHURST TRUST | FY2024 | £2k | |
| THE OLDHURST TRUST | FY2023 | £2k | |
| THE OLDHURST TRUST | FY2021 | £2k | |
| THE OLDHURST TRUST | FY2025 | £2k | |
| THE OLDHURST TRUST | FY2022 | amount not stated |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MARIA BJORNSON MEMORIAL FUND | 3 | £73k |
| THE KIRBY LAING FOUNDATION | 3 | £58k |
| THE LEVERHULME TRUST | 2 | £1.9m |
| HENRY WOOD ACCOMMODATION TRUST | 2 | £294k |
| 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 ENDOWMENT FUND
- THE ROYAL COLLEGE OF MUSIC
- THE ACADEMY OF ANCIENT MUSIC
- NORTH WALES MUSIC TUITION CENTRES
- NORTH NORFOLK MUSIC FESTIVAL
- ROYAL ACADEMY OF MUSIC
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND | £1.9m | — | 0 | above | — | no doubt |
| THE ROYAL NORTHERN COLLEGE OF MUSIC ENDOWMENT FUND | £4.0m | — | 0 | unclear | — | no doubt |
| THE ROYAL COLLEGE OF MUSIC | £41.1m | — | — | unclear | — | no doubt |
| THE ACADEMY OF ANCIENT MUSIC | £1.2m | — | — | unclear | — | no doubt |
| NORTH WALES MUSIC TUITION CENTRES | £335k | — | 0 | unclear | — | no doubt |
| NORTH NORFOLK MUSIC FESTIVAL | £111k | — | — | above | — | no doubt |