Published date: 1 March 2022

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 25 March 2022, 12pm

Contract summary

Industry

  • Accounting, auditing and fiscal services - 79200000

  • Accounting and auditing services - 79210000

  • Financial auditing services - 79212100

Location of contract

London

Value of contract

£170,000 to £200,000

Procurement reference

20220301160112-81165

Published date

1 March 2022

Closing date

25 March 2022

Closing time

12pm

Contract start date

2 May 2022

Contract end date

30 April 2026

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The Royal Academy of Music (the Academy) is tendering for services to:
a) Audit the annual financial statements comprising:
i) Main Academy (including the Legacy Pool and Awards)
The Legacy Pool holds our endowments and legacies, invested in the market. The income from the Legacy Pool is transferred to Awards to fund bursaries and scholarships for students. In addition, donations received during the year are added to Awards. These accounts form part of the consolidated accounts of the Academy.
ii) RAM Collections Trust (a Company limited by guarantee and a registered charity) which maintains, promotes, exhibits and provides the widest possible access to the musical archive of the late Yehudi Menuhin.
iii) RAM Development Company (a subsidiary which is currently dormant).
b) Audit of US loans scheme; (currently under $500k value)
c) Audit of the annual teachers' pension scheme return, and
d) Audit services for the Royal Academy of Music 1967 pension scheme accounts.
Audits must be undertaken in accordance with UK GAAP, International Standards on Auditing ISAs (UK) and applicable law.

Approx values on the boxes above are for a total of 4 years, NOT annual value.

More information

Links

About the buyer

Contact name

Aitor Cisneros

Address

MARYLEBONE ROAD
London
NW1 5HT
ENG

Telephone

+44 7470159757

Email

a.cisneros@ensemblepurchasing.ac.uk

Website

https://www.ram.ac.uk/