THE ROYAL NORTHERN COLLEGE OF MUSIC ENDOWMENT FUND
Support of the Royal Northern College of Music and the Junior School at the Royal Northern College of Music and the advancement of the education of its students and former students.
Objects
FOR THE GENERAL PURPOSES OF THE ROYAL NORTHERN COLLEGE OF MUSIC AND THE JUNIOR SCHOOL AT THE ROYAL NORTHERN COLLEGE OF MUSIC AND IN THE ADVANCEMENT OF EDUCATION OF ITS STUDENTS AND FORMER STUDENTS.
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
“Unrestricted income for the year ended 31 July 2025 was £2,567,804. Of this £2,282,278 was derived from ABRSM distribution, legacies and donations” — page 6
“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
“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
“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
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 (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?
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. Its FY2025 accounts were audited by HaysMac LLP.
Who funds THE ROYAL NORTHERN COLLEGE OF MUSIC ENDOWMENT FUND?
Funders whose own accounts filings name THE ROYAL NORTHERN COLLEGE OF MUSIC ENDOWMENT FUND as a grant recipient include The Patricia Routledge Foundation.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| The Patricia Routledge Foundation | FY2021 | £5k |
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 |
|---|---|---|
| STANLEY PICKER TRUST | 3 | £50k |
| 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 |
| THE ALBERT AND EUGENIE FROST MUSIC TRUST CIO | 2 | £75k |
| DRAPERS CHARITABLE FUND | 2 | £70k |
| MARIA BJORNSON MEMORIAL FUND | 2 | £65k |
Charities like this
- THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND
- THE ROYAL COLLEGE OF MUSIC
- RESTORE THE MUSIC UK
- THE NORTH LONDON CONSERVATOIRE
- ROYAL ACADEMY OF MUSIC
- THE FOUNDATION FOR YOUNG MUSICIANS
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 ENDOWMENT FUND | £4.0m | — | 0 | unclear | — | no doubt |
| THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND | £1.9m | — | 0 | above | — | no doubt |
| THE ROYAL COLLEGE OF MUSIC | £41.1m | — | — | unclear | — | no doubt |
| RESTORE THE MUSIC UK | £945k | £110,001 - £120,000 | — | unclear | — | no doubt |
| THE NORTH LONDON CONSERVATOIRE | £1.8m | — | 0 | unclear | — | no doubt |
| ROYAL ACADEMY OF MUSIC | £33.2m | — | — | unclear | 14.3% | no doubt |