THE ROYAL NORTHERN COLLEGE OF MUSIC ENDOWMENT FUND
Latest income
£4.0m
Latest spending
£4.3m
Registered
1976
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £10,441,126 significantly exceed the stated policy target of £1,000,000. The trustees report that the charity has adequate resources to continue in operation for the foreseeable future with no material uncertainties identified.
What the accounts disclose
Reserves policy: £1,000,000 (held: £10.4m)
“It is the policy of the Trustee to seek to maintain undesignated unrestricted funds, which are the free reserves of the charity, at a level of £1,000,000” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grant payments made to RNCM in year amounted to £4,118k, income received from RNCM in year amounted to £192k and an intra-group loan of up to £3m was available to RNCM and £700k was outstanding at year end.
“Grant payments made to RNCM in year amounted to £4,118k, income received from RNCM in year amounted to £192k and an intra-group loan of up to £3m was available to RNCM and £700k was outstanding at year end.” — page 19
“ABRSM, as an associate of the Royal Northern College of Music Endowment Fund, is a related party. £1,750k was received in year from ABRSM as a distribution of surpluses generated by ABRSM.” — page 19
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: ABRSM, as an associate of the Royal Northern College of Music Endowment Fund, is a related party. £1,750k was received in year from ABRSM as a distribution of surpluses generated by ABRSM.
“Grant payments made to RNCM in year amounted to £4,118k, income received from RNCM in year amounted to £192k and an intra-group loan of up to £3m was available to RNCM and £700k was outstanding at year end.” — page 19
“ABRSM, as an associate of the Royal Northern College of Music Endowment Fund, is a related party. £1,750k was received in year from ABRSM as a distribution of surpluses generated by ABRSM.” — page 19
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/07/2025)
Total income
£4.0m
Total spending
£4.3m
Cost of raising funds
£25k
Reserves (reported)
£10.4m
Employees
0
Register events
- Received assets from another charity (01/12/2019)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £4.0m | £4.3m |
| 31/07/2024 | £2.8m | £2.5m |
| 31/07/2023 | £1.8m | £2.6m |
| 31/07/2022 | £863k | £555k |
| 31/07/2021 | £620k | £544k |
Common questions
Is THE ROYAL NORTHERN COLLEGE OF MUSIC ENDOWMENT FUND financially healthy?
The accounts state that unrestricted reserves of £10,441,126 significantly exceed the stated policy target of £1,000,000. The trustees report that the charity has adequate resources to continue in operation for the foreseeable future with no material uncertainties identified. Its FY2025 accounts were audited by HaysMac LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 12/10/2022 | £206k | "Throwing Open The Doors - 50 Years of Manchester Music" |
| The National Lottery Heritage Fund | 25/07/2019 | £63k | "A 20/20 Legacy: the centenary of the Northern School of Music" |
| The National Lottery Heritage Fund | 26/06/2017 | £9k | "Revealing and Reinterpreting, "Making Music in Manchester during WW1"" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MAKERS OF PLAYING CARDS CHARITY | 1 | — |
| AMAR-FRANSES AND FOSTER-JENKINS TRUST | 1 | £151k |
| THE FOYLE FOUNDATION | 1 | £100k |
| HENRY WOOD ACCOMMODATION TRUST | 1 | £89k |
| THE HABERDASHERS' FOUNDATION | 1 | £66k |
| SCOULOUDI FOUNDATION | 1 | £29k |
| THE ALBERT AND EUGENIE FROST MUSIC TRUST CIO | 1 | £26k |
| The Leathersellers' Foundation | 1 | £25k |