Finance Score: -5

Governance Score: 9

Support Score: 5

Excess liquidity: -1
Multiple Deficits: -2
Fundraising costs high: -2

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +5

Overall GiG Score: 9

THE GREENWICH FOUNDATION FOR THE OLD ROYAL NAVAL COLLEGE

To preserve for the benefit of the nation the Old Royal Naval College site, buildings and monuments as being of historical, architectural and artistic importance, to allow the general public reasonable access to the site, and to educate the public thereon

Analysis by Giving is Great

Positives:

A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

Liquidity appeared to be in excess of CC guidelines at the latest year end especially considering the historic stability of income
On several occasions in recent years income has been less than spending
Fundraising costs are high relative to funds raised

Established: 27 years

www.ornc.org

info@ornc.org

02082694750

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£7,070	£7,038	£32	£1,059	£12,353	£9,502	16.2	89	76
31/03/22		£5,894	£6,100	£-205	£858	£12,704	£9,632	18.9	82	94
31/03/21		£5,964	£5,862	£102	£763	£12,709	£9,734	19.9	82	101
31/03/20		£6,639	£6,895	£-256	£1,251	£11,532	£9,474	16.5	88	110
31/03/19		£6,727	£6,575	£152	£1,075	£12,290	£10,104	18.4	89	137
31/03/18		£6,482	£5,754	£729	£869	£11,872	£9,783	20.4	55	0
31/03/17	*	£6,619	£6,087	£532	£937	£11,347	£8,008	15.8	70	0
31/03/16		£5,893	£6,528	£-635	£905	£10,437	£7,924	14.6	49	0
31/03/15		£5,758	£4,975	£783	£635	£8,509	£3,986	9.6	43	0
31/03/14		£5,502	£4,648	£853	£447	£7,598	£3,995	10.3	41	0
31/03/13		£5,581	£4,794	£787	£323	£6,808	£3,283	8.2	39	0
31/03/12		£4,741	£4,501	£240	£354	£5,834	£2,476	6.6	36	0
31/03/11		£5,176	£3,997	£1,179	£267	£5,669	£2,255	6.8	37	0
31/03/10		£5,934	£8,054	£-2,120	£110	£4,490	£1,076	1.6	30	0
31/03/09		£5,777	£4,697	£1,080	£183	£6,610	£3,200	8.2	30	0
31/03/08		£5,383	£4,141	£1,242	£287	£5,529	£2,150	6.2	32	0
31/03/07		£3,601	£4,239	£-638	£287	£4,287	£1,048	3	29	0
31/03/06		£4,852	£5,479	£-627	£0	£0	£0	n/a	0	0
31/03/05		£3,215	£2,550	£665	£0	£0	£0	n/a	0	0
31/03/04		£2,861	£3,233	£-372	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 22.4%
Fundraising Costs/Total Spending: 15%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £100,000-£110,000
Liabilities/Assets: 30%
Liabilities/Income: 76%
Unrestricted Funds/Total Funds: 77%
Reserves/Spending: 16.2 months
Net Current Assets/Spending: 7 months
Quick Ratio: 1.6

Asset Split ?

Listed activities

Environment/Conservation/Heritage

How it operates

Provides buildings/facilities/open space

Where it operates

Greenwich,

Who it helps

The General Public/Mankind

Who works here?

89 employees
76 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
DCMS - THE GREENWICH FOUNDATION FOR THE OLD ROYAL NAVAL COLLEGE GRANT FUNDING 2021-22
£779,000	01/04/2021	Grant funding to the Greenwich Foundation for The Old Royal Naval College (ORNC) for FY 21/22 in support of the delivery of its core objectives which are to conserve the buildings, interiors and ....more Grant funding to the Greenwich Foundation for The Old Royal Naval College (ORNC) for FY 21/22 in support of the delivery of its core objectives which are to conserve the buildings, interiors and grounds for present and future generations and to provide opportunities for wide and diverse audiences to enjoy and share its significance.
DCMS - CRF21 Greenwich Foundation for the Old Royal Naval College
£457,500	08/03/2021	Culture Recovery Fund for Heritage 2020-21
DCMS - Old Royal Naval College
£18,905	15/02/2021	Roof repairs. The wider aim of the scheme is: This scheme is part of the Culture Recovery Fund, the Governments £1.57 billion support package to protect the countrys cultural, arts and heritage ....more Roof repairs. The wider aim of the scheme is: This scheme is part of the Culture Recovery Fund, the Governments £1.57 billion support package to protect the countrys cultural, arts and heritage organisations. Historic England is offering grant funding as part of the Heritage Stimulus Fund, capital funding which forms part of the support package. This encompasses a number of grant funds to help the heritage sector recover from the effects of the Covid-19 pandemic. This funding will support owners of listed buildings to carry out maintenance and small-scale urgent repair work ando revitalise decaying historic buildingso improve the condition of the nations heritageo protect jobs in the heritage construction sectoro underpin specialist heritage professionals and crafts people
DCMS - Old Royal Naval College
£6,302	15/02/2021	Roof repairs. The wider aim of the scheme is: This scheme is part of the Culture Recovery Fund, the Governments £1.57 billion support package to protect the countrys cultural, arts and heritage ....more Roof repairs. The wider aim of the scheme is: This scheme is part of the Culture Recovery Fund, the Governments £1.57 billion support package to protect the countrys cultural, arts and heritage organisations. Historic England is offering grant funding as part of the Heritage Stimulus Fund, capital funding which forms part of the support package. This encompasses a number of grant funds to help the heritage sector recover from the effects of the Covid-19 pandemic. This funding will support owners of listed buildings to carry out maintenance and small-scale urgent repair work ando revitalise decaying historic buildingso improve the condition of the nations heritageo protect jobs in the heritage construction sectoro underpin specialist heritage professionals and crafts people
DCMS - CRF20: Greenwich Foundation for the Old Royal Naval College
£999,900	14/10/2020	Culture Recovery Fund for Heritage 2020-21
National Lottery Heritage Fund - Grant to Greenwich Foundation for the Old Royal Naval College
£250,000	24/08/2020	COVID19: Old Royal Naval College
DCMS - Grant Funding for The Greenwich Foundation For The Old Royal Naval College (ORNC)
£779,000	01/04/2020	This grant for FY20/21 is in support of the delivery of ORNC's core objectives which are to conserve the buildings, interiors and grounds for present and future generations and to provide ....more This grant for FY20/21 is in support of the delivery of ORNC's core objectives which are to conserve the buildings, interiors and grounds for present and future generations and to provide opportunities for wide and diverse audiences to enjoy and share its significance.
DCMS - Old Royal Naval College Greenwich Grant 2016-2020
£838,000	01/04/2019	towards the conservation, presentation and interpretation of the collection of buildings, paintings and other artefacts set out across the Old Royal Naval College site.
Garfield Weston Foundation - Main Grants award
£75,000	02/05/2018	Saving the Tudor Archaeology at the Old Royal Naval College
DCMS - Old Royal Naval College Greenwich Grant 2016-2020
£901,000	01/04/2018	towards the conservation, presentation and interpretation of the collection of buildings, paintings and other artefacts set out across the Old Royal Naval College site.
DCMS - Old Royal Naval College Greenwich Grant 2016-2020
£968,000	01/04/2017	towards the conservation, presentation and interpretation of the collection of buildings, paintings and other artefacts set out across the Old Royal Naval College site.
City Bridge Trust - Grant to Greenwich Foundation for the Old Royal Naval College
£100,000	10/01/2017	£100,000 towards costs of the access work to the entrance area to the Painted Hall.
Wolfson Foundation - Grant to Greenwich Foundation for the Old Royal Naval College
£90,000	08/12/2016	Environmental controls within the King William Undercroft
National Lottery Heritage Fund - Grant to Greenwich Foundation for the Old Royal Naval College
£3,280,000	18/11/2014	Conservation of the Painted Hall - Phase 2

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (12)

Current Trustees appointed

Gender Split

Based on 10/12 persons

Age Range of Trustees: 40-80

ANDREW CLARK Appointed: 2015, Occupation: Architect

CLAIRE GYLPHE Appointed: 2024, Occupation: Development Director

DIANE LAURA WHYTE Appointed: 2018, Occupation: Company Director

DUNCAN HENRY WILSON Appointed: 2022, Occupation: Public Servant

ERIC GEORGE REYNOLDS Appointed: 2022, Occupation: Manager, Other trusteeships: TRANSGLOBE EXPEDITION TRUST, THE GLORIANA TRUST, ST BARTHOLOMEW'S HERITAGE, MOSSBOURNE CHARITABLE TRUST CIO,

LIZ YOUNG Appointed: 2024, Occupation: Head Of Events

MONICA VARRIALE Appointed: 2024, Occupation: Chief Operating Officer

SAMANTHA LOUISE FAY Appointed: 2024, Occupation: Chief Marketing Officer

SIR STUART JAMES ETHERINGTON (Chair) Appointed: 2023, Occupation: Charity Executive

THOMAS EDWARD WIPPERMAN Appointed: 2022, Occupation: Finance Director

VICE-ADMIRAL SIR ADRIAN JAMES JOHNS KCB CBE DL Appointed: 2018, Other trusteeship: THE FRIENDS OF GIBRALTAR HERITAGE SOCIETY,

WILLIAM MICHAEL PALIN Appointed: 2024, Occupation: Charity Ceo, Other trusteeship: THE GEORGIAN GROUP,

Legal constitution

Charitable company registered in England & Wales on 22/05/1997, number: 1062519
Registered at Companies House on 20/03/1997, number: 03340541

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
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
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR17: 1 days late,

Main office

Greenwich Foundation For The Old
Royal Naval College
Foundation House
2 Cutty Sark Gardens
LONDON
SE10 9LW

Objectives

TO PRESERVE FOR THE BENEFIT OF THE NATION THE ROYAL NAVAL COLLEGE SITE, BUILDINGS, AND MONUMENTS AS BEING OF HISTORICAL, ARCHITECTURAL, AND ARTISTIC IMPORTANCE (INCLUDING TO THEIR IMMEDIATE ENVIRONMENT), AND TO EDUCATE THE PUBLIC THEREON

Defined Area of Benefit:

NOT DEFINED - IN PRACTICE THE LONDON BOROUGH OF GREENWICH

Data Sources