Finance Score: -3

Governance Score: 0

Support Score: 0

Volatile income: -3

Narrow trustee age band: -2
Dynamic board: +3
Mainly male board: -1

No supporters identified

Overall GiG Score: -3

THE NGT FOUNDATION

The NGT Foundation manages its investment responsibly and efficiently so as to be able to support the charitable objects of the National Gallery. The Foundation achieves this by making grants to the National Gallery Trust.

Analysis by Giving is Great

Positives:

This charity has an endowment fund which generates all of its income
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity only provides its support via other charities
The Board is predominantly male
The Board has little diversity in terms of age

Financial issues to consider:

Income has been volatile recently

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
31/03/23		£2,569	£2,521	£48	£0	£39,713	£5,932	28.2
31/03/22		£2,517	£2,102	£415	£0	£42,965	£6,306	36
31/03/21		£3,013	£2,672	£341	£0	£43,650	£6,032	27.1
31/03/20		£3,253	£3,166	£86	£0	£51,384	£6,676	25.3
31/03/19		£3,354	£3,149	£206	£0	£53,348	£6,833	26
31/03/18		£3,309	£3,616	£-307	£0	£55,342	£6,889	22.9
31/03/17		£3,366	£3,088	£278	£0	£55,649	£7,197	28
31/03/16	*	£3,832	£3,573	£259	£0	£53,922	£6,747	22.7
31/03/15		£2,687	£3,096	£-409	£7	£50,663	£6,131	23.8
31/03/14	*	£2,831	£3,060	£-229	£6	£42,572	£5,528	21.7
31/03/13		£2,854	£3,161	£-307	£6	£41,951	£41,951	159.2
31/03/12		£2,936	£2,723	£214	£6	£41,247	£5,843	25.7
31/03/11		£2,709	£2,694	£15	£7	£36,294	£5,065	22.6
31/03/10		£2,387	£4,084	£-1,697	£13	£34,879	£4,884	14.4
31/03/09		£2,717	£1,902	£815	£7	£33,976	£6,271	39.6
31/03/08		£2,863	£2,625	£238	£11	£45,966	£6,980	31.9
31/03/07		£2,826	£2,699	£128	£6	£52,080	£7,496	33.3
31/03/06		£2,665	£4,583	£-1,918	£0	£0	£0	n/a
31/03/05		£2,709	£525	£2,184	£0	£0	£0	n/a
31/03/04		£2,635	£2,419	£216	£0	£0	£0	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 6%
Liabilities/Income: 105%
Unrestricted Funds/Total Funds: 15%
Reserves/Spending: 28.2 months
Net Current Assets/Spending: 8 months
Quick Ratio: 0.9

Asset Split ?

Established: 27 years

victoria.hayes@nationalgallery.org.uk

02077472436

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science

GiG Classification

Performing and visual arts

How it operates

Makes Grants to Organisations

Where it operates

City Of Westminster,

Who it helps

Other Charities Or Voluntary Bodies

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Age Range of Trustees: 48-63

BENJAMIN BROADBENT Appointed: 2023, Occupation: Bank Of England

NATASHA POPE Appointed: 2022, Occupation: Banker

STEFAN RATIBOR Appointed: 2024, Occupation: Art Dealer

DANIEL PELTZ Appointed: 2019, Occupation: Property Manager/ Investor ., Other trusteeships: MARYLEBONE CRICKET CLUB FOUNDATION, THE WARBURG CHARITABLE TRUST, THE ANNA FREUD CENTRE, CITY OF LONDON SCHOOL BURSARY TRUST, THE MUSIC IN SECONDARY SCHOOLS TRUST, FOUNDATION FOR JEWISH HERITAGE, TUTORING TO THRIVE,

DAVID BENJAMIN MARKS (Chair) Appointed: 2018, Occupation: Company Director

CATHERINE ANNE BEDFORD Appointed: 2020, Occupation: Solicitor, Other trusteeship: THE ANNA FREUD CENTRE,

Legal constitution

Charitable company registered in England & Wales on 30/09/1997, number: 1064635
Registered at Companies House on 30/09/1997, number: 03444689

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Conflicting interests
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
Risk management
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR16: 0 days late, AR14: 1 days late,

Main office

C/O THE NATIONAL GALLERY
TRAFALGAR SQUARE
LONDON
WC2N 5DN

Objectives

TO SUPPORT THE CHARITABLE OBJECTS OF THE NATIONAL GALLERY, LONDON(THE NATIONAL GALLERY) AND TO ASSIST THE NATIONAL GALLERY IN CARRYING OUT ITS CHARITABLE OBJECTS BY SUCH CHARITABLE MEANS AS SHALL BE THOUGHT FIT

Defined Area of Benefit:

NATIONAL

Data Sources