2025-06-30-accounts

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Annual R
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RCO Annual Report & Accounts Year end 30 June 2025

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|||||| |---|---|---|---|---| |Page| |4-5|Reference|and|Administrative|Details| |of the|College|

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6-21 Report of the Trustees

22-24 Independent Auditors’ Report

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|||||||| |---|---|---|---|---|---|---| |25|Statement|of|Financial|Activities| |26|Balance|Sheet| |27|Statement|of|Cash|Flows| |28|—47|Notes|to|the|financial|statements|

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THE ROYAL COLLEGE
OF ORGANISTS
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==> picture [536 x 509] intentionally omitted <==

----- Start of picture text -----
the South
and one in the North of England) for teenagers playing
at Grade 5 level and above, and the TOSE Community,
which provides regular online meetings for all young
organists from beginner level upwards. TOSE Week 2024
was also Yvonne Eddy’s final year as administrator. The
management structure. In tandem with this, engagement Summer Course, directed by Drew Cantrill-Fenwick and
events and educational classes and courses have been administered by Kate Matthews, saw forty-three people
planned and delivered on a regional basis, directors in each gather in London for a busy and varied week of learning,
of the regions overseeing and delegating as appropriate to with nine of the participants aged under 18.
local consultants (Regional Consultants). The aims have
been to grow RCO membership and increase take-up for TOSE Community, directed by Tom Bell and Cathy Lamb
both RCO accreditation (diplomas and the Certificate of and co-ordinated by Makoto James, met online five
Accredited Membership) and educational services. times during the year, with presentations and interviews
from, among others, Tom Daggett, Anna Lapwood, Jan
The RCO regions are as follows: Liebermann, and the College’s President, Sarah MacDonald.
RCO East/South/South-West England (Director: Simon The annual RCO Organ Forum took place in Cambridge in
Williams) October celebrating the life and music of Sir Charles Villiers
Stanford (particularly his work and influence in Cambridge)
RCO Midlands, and Mid/South/West Wales (Director: in the 100th anniversary year of his death. Presenters
Andrew McCrea) included Professor Jeremy Dibble, with performances from
Leora Cohen (violin) and Paul Wingfield (piano), Anthony
RCO North of England/North Wales/Isle of Man (Director: Gritten (organ), and the Choir of Selwyn College directed
Tom Bell) by Sarah MacDonald. The day ended at the church of Our
Lady and the English Martyrs with a Sung Mass featuring
RCO Scotland and RCO Northern Ireland (Director: the composer’s music.
Andrew Macintosh)
The reports of the regional directors on the activities in
their areas follow below.
The College is grateful to all those who have agreed to act
as supporting Regional Consultants in the RCO regions and
for their professional expertise and support of the College’s
mission.
Since the introduction of the College’s regional structure,
activity has been divided between centrally organised events
(including those with national and international reach),
those organised locally, and those run by other organisations
but with input and/or support from the College. The
pandemic brought about the adaptation of the regional
----- End of picture text -----

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==> picture [537 x 742] intentionally omitted <==

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p.18
RCO Scotland and RCO Northern Ireland National Pipe Organ Register (NPOR)
SCOTS continues to show healthy growth. Three workshop The College continues to provide management services to
days were held: St Andrews in December, Stirling in the British Institute of Organ Studies (BIOS) to facilitate
January, and Rosewell, Midlothian in June. These days the day-to-day running of this important resource. In the
attract a healthy interest with many repeat attendees. previous year, we have supported the transfer of hosting
Three SCOTS Affiliate Members have passed a Stage facilities to a new provider. This in turn has enabled the
assessment during the year, two at Stage 1 and one at Stage completion in 2024/2025 of significant updates to the
2. Elsewhere, the College has been involved in managing structure and coding of the database which will enhance the
the procurement of an Orgelkids kit for use in Scotland, efficiency of the service we provide.
partnering with a number of other organisations. Thanks to
a generous donation from the RCO Foundation, the College . : :
is covering half the cost of the kit, which is expected to Financial Review
arrive in the autumn of 2025. .
ge accounts follow this report. The
views all aspects of the College’s finances
RCO Library Collections The budgetary control and the attendant
mation systems are satisfactory.
The RCO collaborates with two institutions to provide
access to the RCO’s library collections: Birmingham City
University (The Curzon Library, where the RCO collection
is co-located with the collections of the Royal Birmingham
Conservatoire) and the Royal College of Music in London.
The RCO warmly welcomes the continuing, facilitatory s required to maintain
arrangements with these institutions. Stored library holdings stees believe that the
can be called up to be consulted at either institution by icient to meet the
arrangement. This has happened on a number of occasions eficiaries. Donations and
during 2024/2025. our income. Income
year to year; this year
Tudor Organs 7966).
During the period under review, the Wetheringsett Organ
has remained at Newcastle Cathedral, and has been used
regularly in services, recitals, and workshop events. It has ments and the income
been used too at the Medieval and Renaissance Music se.
Conference in the region in 2025. Funds from the Northern
Bridge Consortium were successfully secured by the two June 2025 were
universities in Newcastle, the Cathedral, and the College to ere Unrestricted,
support a doctoral student who will use the organ as a main nds, and £619,628
resource in his PhD work. The student is Harry Sullivan, a ular purposes as
recent Associate of the College, who will commence work described in note 12 of the accounts.
in September 2025. The Wingfield Organ enjoyeda fruitful ; i ;
residency at Bradford Cathedral in 2023/2024, and in May The College will seek to ensure that the anticipated income
2024 was relocated to St Cuthbert’s, Wells, where it has stream from its investments is adequate for its day-to-day
resided before. operational requirements. Wherever possible, surpluses will
be reinvested in the fund.
RCO Journal .
Investment Policy
The Journal of the Royal College of Organists vol. 16 (2023) oo
was published in August 2024 and vol. 17 (2024) has been The College investment managers, Brewin Dolphin Limited,
in preparation during 2024/2025. Contributing to the presented their review of the investment market and the
College’s long-standing commitment to commissioning ’s portfolio at a Trustee Council meeting in January
original research, the Journal, and previous RCO scholarly 2025.
publications, became available during 2016 in the full-text . ;
version of the International Repertory of Music Literature The College s Investments have performed broadly in
(RILM). All issues are available on iRCO. line with expectations in what has continued to be a very
challenging economic climate.
----- End of picture text -----

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==> picture [537 x 758] intentionally omitted <==

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p.20
Statement of Trustees’ Responsibilities Auditors
The Trustees are responsible for preparing the Report of Kreston Reeves Audit LLP will be reappointed as auditors at
the Trustees and the financial statements in accordance with the Annual General Meeting.
the law applicable to charities in England and Wales. Law
applicable to England and Wales requires the Trustees to .
prepare financial statements for each financial year. Under Risks and Outlook
that law, the Trustees have elected to prepare the financial
statements in accordance with United Kingdom Generally The Trustee Council and the management team have review
Accepted Accounting Practice (United Kingdom accounting processes in place which include an assessment of the risks
standards and applicable law). The financial statements are faced by the College, and the monitoring of these.
required by law to give a true and fair view of the state of ; ; ;
affairs of the charity and of incoming resources for that The prosperity of the College and the achievement of its
period and: objectives are directly related to the prosperity, rituals, and
facilities of a small number of institutions, many religious,
select suitable accounting policies and apply them served by its members. The College has little influence
consistently; and over these, but seeks to address this risk by the excellence
of its achievements and plans for the future described
¢ observe the methods and principles in the Charities’ earlier in this report. By promoting the highest professional
SORP; and and artistic standards and encouraging wide interest in
¢ ; ; organ playing and choral directing among the community
make judgements and estimates that are reasonable and generally, these activities are intended to support the
prudent; and continuing prosperity of these institutions.
e State whether sooiaee ied tee hake The College’s opus operandi, activities, and digital campus
followed, > subject to any departures disclosed and (iRCO) are heavily dependentsoe on the College remaining.
explained in the financial statements; and at the forefront of relevant digital technology, and its
proper implementation and adaptation to the College’s
prepare the financial statements on the going concern requirements. This is updated and reviewed periodically.
basis unless it is inappropriate to presume that the During 2023/2024 the College carried outa major review
charity will continue in operation. of its IT and data systems, policies, and processes. New
policies were drawn up and agreed, new cloud-based IT
The Trustees are responsible for keeping proper accounting infrastructure and systems introduced, and the training of
records that disclose with reasonable accuracy at any time staff, contractors, and relevant volunteers was refreshed.
the financial position and for ensuring that the financial This work was carried out to ensure the College’s continued
statements comply with applicable law. They are also alignment with both regulations and best practice, as
responsible for safeguarding the assets of the charity and well as in recognition of our growing online and digital
hence for taking reasonable steps for the prevention and requirements.
detection of fraud and other irregularities.
The financial position of the College is greatly dependent
Public on the valuation of and income from its investments; and
Benefit also from the flow of donations and particularly legacies.
The bequests necessary to finance the College’s operating
The Trustees confirm that they have complied with the duty deficiencies can be unpredictable and intermittent, and
in section 17 of the Charities Act 2011 to have due regard for these reasons, and to secure bequests of sufficient size,
benefit. harity Commission’s general guidance on public willthe RCObe addressing Foundationthese hasissues been setas a up.matter The Foundationof priority.
Through a network of Individual and Corporate Friends,
. . and of Creative Partners, the Foundation will be seeking to
Audit Information establish meaningful and lasting financial relationships and a
So far as each of the Trustees at the time the Trustees’ report significant increase in legacy giving.
is approved is aware: Loss of key staff is mitigated by active succession planning,
a) there is no relevant information of which the auditors the review of recruitment PFOCESSES, and staff training.
are unaware; and The implementation of a regional management structure
rability through the devolution of
b) they have taken all relevant steps they ought to have
taken to make themselves aware of any relevant audit
information and to establish that the auditors are
aware of that information.
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==> picture [241 x 39] intentionally omitted <==

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Independent auditors’ report to the
f The Royal College of
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==> picture [90 x 14] intentionally omitted <==

----- Start of picture text -----
Basis for opinion
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We have audited the financial statements of The Royal We conducted our audit in accordance with International College of Organists (the ‘charity’) for the year ended Standards on Auditing (UK) (ISAs (UK)) and applicable 30 June 2025 which comprise the Statement of financial law. Our responsibilities under those standards are further activities, the Balance sheet, the Statement of cash flows described in the Auditors’ responsibilities for the audit and the related notes, including a summary of significant of the financial statements section of our report. We are accounting policies. The financial reporting framework that independent of the charity in accordance with the ethical has been applied in their preparation is applicable law and requirements that are relevant to our audit of the financial United Kingdom Accounting Standards, including Financial statements in the United Kingdom, including the Financial Reporting Standard 102 ‘The Financial Reporting Standard Reporting Council’s Ethical Standard, and we have fulfilled applicable in the UK and Republic of Ireland’ (United our other ethical responsibilities in accordance with these Kingdom Generally Accepted Accounting Practice). requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for The financial statements have been prepared in accordance our opinion. with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland Conclusions relating to going concern (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 In auditing the financial statements, we have concluded that April 2005 which is referred to in the extant regulations but the Trustees’ use of the going concern basis of accounting in has been withdrawn. the preparation of the financial statements is appropriate. This has been done in order for the accounts to provide Based on the work we have performed, we have not a true and fair view in accordance with the Generally identified any material uncertainties relating to events Accepted Accounting Practice effective for reporting periods or conditions that, individually or collectively, may cast beginning on or after 1 January 2015. significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from In our opinion the financial statements: when the financial statements are authorised for issue. * give a true and fair view of the state of the charity’s Our responsibilities and the responsibilities of the Trustees affairs as at 30 June 2025 and of its incoming with respect to going concern are described in the relevant resources and application of resources for the year sections of this report. then ended; ¢ have been properly prepared in accordance with Other information United Kingdom Generally Accepted Accounting Practice; and The other information comprises the information included ¢ . . in the Annual report other than the financial statements have . been prepared in accordancemn with the andd our Auditors?Auditors’ report thereon.h The The TjTrustees are requirements of the Charities Act 2011. responsible for the other information contained within the Annual report. Our opinion on the financial statements

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p.24

¢ Challenging assumptions and judgements made by * Conclude on the appropriateness of the Trustees’ use gement in its significant accounting estimates; of the going concern basis of accounting and, based and on the audit evidence obtained, whether a material oo, uncertainty exists related to events or conditions that ¢ Confirmation of related parties with management, may cast significant doubt on the charity’s ability and review of transactions throughout the period to to continue as a going concern. If we conclude that identify any previously undisclosed transactions with a material uncertainty exists, we are required to and ed parties outside the normal course of business; draw attention in our Auditors’ report to the related disclosures in the financial statements or, if such ¢ Performing analytical procedures with automated data disclosures are inadequate, to modify our opmon. Our . . . conclusions are based on the audit evidence obtained analytics tools to identify any unusual or unexpected ae . a . . up to the date of our Auditors’ report. However, relationships, including related party transactions, that i : may[indicate] ae[risks] ;[of][material] er[misstatement][due][to] future events or. conditions. may cause the charity to fraud;[and] cease to continue as a going concern. ¢ Reading minutes of meetings of those charged with Evaluate the overall presentation, structure and governance, and cial statements, including the > ether the financial statements ¢ Review of significant and unusual transactions and eying transactions and events in a evaluation of the underlying financial rationale es fair presentation. supporting the transactions; and . PP 8 ° ose charged with governance ¢ Identifying and testing journal entries, in particular ‘enificn, the planned SCOPE ane any manual entries made at the year end for financial Jgmiticant au; i rin van meneans, statement preparation. ies in internal control that we t. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-complianceP with regulation. This risk . ; increases . 5 . ly to the charity’s trustees, as a is removedthefrom morethe thatevents complianceand transactionswith a lawreflected or regulationin Part 4 of the Charities (Accounts the financial statements, as we will be less likely to become 5 2008.. Our audit work has_ aware : . we might state to the charity’s of instances of non-compliance. e are required to state to them As part of an audit in accordance with; ISAs (UK), we d for no other purppurpose. To the . . . . . by law, we do not accept or assume exercise professional judgement and maintain professional . . i . other than the charity and its scepticism throughout the audit. We also: . : ur audit work, for this report, or for ¢ Identify and assess the risks of material misstatement of rmed. the financial statements, whether due to fraud or error, thosedesignrisks, and perform and obtainaudit audit procedures evidence responsivethat is sufficient to Kne ston Z ves AnUduk. L WP and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement Kreston Reeves Audit LLP resulting from fraud is higher than for one resulting ditor from error, as fraud may involve collusion, forgery, Chichester intentional omissions, misrepresentations, or the override of internal control. Date: 20 November 2025 ¢ Obtain an understanding of internal control relevant Kreston Reeves Audit LLP are eligible to act as auditors in to the audit in order to design audit procedures that terms of section 1212 of the Companies Act 2006. are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charity’s internal control. e Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Trustees.

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OpenCharities

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