---
title: "External Audit Services Royal Academy of Music"
ocid: "ocds-b5fd17-bb9e311c-5b6d-40e9-80b9-b372fa3b167b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-bb9e311c-5b6d-40e9-80b9-b372fa3b167b"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-bb9e311c-5b6d-40e9-80b9-b372fa3b167b.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-bb9e311c-5b6d-40e9-80b9-b372fa3b167b.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "LONDON UNIVERSITIES PURCHASING CONSORTIUM"
published: "2022-03-01"
---

# External Audit Services Royal Academy of Music

Buyer: LONDON UNIVERSITIES PURCHASING CONSORTIUM  
Current stage: Tender  
OCID: ocds-b5fd17-bb9e311c-5b6d-40e9-80b9-b372fa3b167b

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-bb9e311c-5b6d-40e9-80b9-b372fa3b167b)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-bb9e311c-5b6d-40e9-80b9-b372fa3b167b.json)

## Summary

The London Universities Purchasing Consortium is seeking external audit services for the Royal Academy of Music, specifically targeting accounting, auditing, and fiscal services within the education sector in London, United Kingdom. This open tender process was published on 1st March 2022, with submissions due by 25th March 2022. The contract will span four years, commencing on 2nd May 2022 and concluding on 30th April 2026, with an estimated total value of £200,000.

This procurement presents a significant opportunity for businesses specialising in auditing and financial services, particularly small and medium-sized enterprises (SMEs) that can meet the requirements for auditing under UK GAAP and International Standards on Auditing. Companies experienced in handling educational institution audits, specifically those that can manage consortiums and charity accounts, would be well-positioned to compete and potentially secure a long-term relationship with a prominent organisation in the arts education sector.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/9b42905a-e362-4113-be87-2fec655e4a11 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 1 Mar 2022 |
| Submission deadline | 25 Mar 2022 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 1 May 2022 - 30 Apr 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £200,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Not specified |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON UNIVERSITIES PURCHASING CONSORTIUM |
| Locality | LONDON |
| Post town | North West London |
| Postcode | NW1 5HT |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | Regent's Park |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLI London |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79200000 - Accounting, auditing and fiscal services
- 79210000 - Accounting and auditing services
- 79212100 - Financial auditing services

## Release History

- 1 Mar 2022 at 16:01 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/9b42905a-e362-4113-be87-2fec655e4a11

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/9b42905a-e362-4113-be87-2fec655e4a11
  1st March 2022 - Opportunity notice on Contracts Finder
- https://uk.eu-supply.com/app/rfq/rwlentrance_s.asp?PID=44264&B=LUPC
  External Audit Services Royal Academy of Music

## Notice URLs

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

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-bb9e311c-5b6d-40e9-80b9-b372fa3b167b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-bb9e311c-5b6d-40e9-80b9-b372fa3b167b.json.