Finance Score: -2

Governance Score: 3

Support Score: 11

Multiple Deficits: -2

Dynamic board: +3

Grant maker support: +11

Overall GiG Score: 12

HISTORIC ROYAL PALACES

a)to manage, conserve, renovate and repair the Palaces (Hampton Court, Tower of London, Kensington Palace, Kew Palace, Banqueting House, Hillsborough Castle) to a high standard consistent with their status; b)to help everyone to learn about the Palaces, the skills required for their conservation and the wider story of how monarchs and people together have shaped society, by all appropriate means

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 dynamic in terms of composition

Financial issues to consider:

On several occasions in recent years income has been less than spending

Established: 26 years

www.hrp.org.uk

info@hrp.org.uk

0333 320 6000

Charity Commission for England and Wales

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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	£102,476	£82,130	£20,345	£13,885	£61,867	£55,035	8	746	1,626
31/03/22	£54,445	£61,296	£-6,851	£8,427	£44,123	£37,020	7.2	679	392
31/03/21	£32,695	£53,904	£-21,209	£7,412	£40,867	£7,416	1.7	839	362
31/03/20	£101,814	£101,591	£222	£16,935	£60,834	£55,168	6.5	1,120	350
31/03/19	£105,432	£101,228	£4,204	£17,283	£53,507	£47,982	5.7	1,061	340
31/03/18	£98,186	£95,103	£3,083	£17,112	£49,603	£43,208	5.5	1,004	0
31/03/17	£91,497	£85,854	£5,643	£15,113	£43,011	£34,203	4.8	985	0
31/03/16	£86,555	£88,463	£-1,908	£15,690	£42,013	£35,594	4.8	949	0
31/03/15	£92,236	£84,529	£7,707	£15,477	£40,296	£35,944	5.1	891	0
31/03/14	£79,788	£76,447	£3,341	£15,003	£38,313	£36,200	5.7	812	0
31/03/13	£72,356	£65,478	£6,878	£13,690	£36,125	£32,181	5.9	770	0
31/03/12	£69,070	£69,648	£-578	£12,504	£29,860	£25,819	4.4	739	0
31/03/11	£62,269	£59,685	£2,584	£11,986	£32,393	£26,033	5.2	709	0
31/03/10	£61,792	£56,034	£5,758	£11,316	£27,979	£24,011	5.1	707	0
31/03/09	£51,726	£49,358	£2,367	£10,975	£22,966	£19,611	4.8	689	0
31/03/08	£47,473	£44,201	£3,273	£10,360	£21,669	£21,207	5.8	654	0
31/03/07	£48,318	£43,298	£5,020	£10,189	£19,658	£19,370	5.4	654	0
31/03/06	£33,371	£33,347	£24	£0	£0	£0	n/a	0	0
31/03/05	£34,311	£38,106	£-3,794	£0	£0	£0	n/a	0	0
31/03/04	£35,292	£43,121	£-7,829	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 18.9%
Fundraising Costs/Total Spending: 16.9%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £120,000-£130,000
Liabilities/Assets: 55%
Liabilities/Income: 64%
Unrestricted Funds/Total Funds: 89%
Reserves/Spending: 8 months
Net Current Assets/Spending: 9 months
Quick Ratio: 0.6

Asset Split ?

What it does

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage

Who works here?

746 employees
1,626 volunteers

Who it helps

The General Public/Mankind

How it operates

Provides buildings/facilities/open space
Provides services
Sponsors or undertakes research

Where it operates

City Of London, City Of Westminster, Kensington And Chelsea, Kingston Upon Thames, Northern Ireland, Richmond Upon Thames, Surrey, Tower Hamlets,

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.

Major supporters in last 5 years

DCMS	£9,180,672
Garfield Weston Foundation	£490,000
Wolfson Foundation	£275,000
The Foyle Foundation	£250,000

Specific Donations

Amount	When Months	To be used for
Wolfson Foundation - Grant to Historic Royal Palaces
£0	07/12/2022	'Re-opening of Wolsey Rooms and re-interpretation of Tudor Art collection' at Hampton Court Palace. Grant of £100,700 under DCMS Wolfson Museums and Galleries Improvement Fund (round 14, grant ref. ....more 'Re-opening of Wolsey Rooms and re-interpretation of Tudor Art collection' at Hampton Court Palace. Grant of £100,700 under DCMS Wolfson Museums and Galleries Improvement Fund (round 14, grant ref. 21866). (WF contributing 50% of total grant of £201,400).
The Foyle Foundation - Learning (MGS)
£250,000	21/04/2022	towards new building at Kensington Palace Orangery site, providing new learning space and commercial revenue with naming rights on the the 'Foyle Room', as one of the learning rooms in the Clore ....more towards new building at Kensington Palace Orangery site, providing new learning space and commercial revenue with naming rights on the the 'Foyle Room', as one of the learning rooms in the Clore Learning Centre (awarded grant in response to coronavirus)
Department for Business, Energy and Industrial Strategy - Henry VIII on Tour: Landscape, Communities and Performance
£117,497	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=AH/X000540/1
Garfield Weston Foundation - Major Grants award
£250,000	04/02/2022	The Tower Moat: Celebration and Transformation
Wolfson Foundation - Grant to Historic Royal Palaces
£275,000	09/12/2021	Banqueting House environmental controls
Garfield Weston Foundation - Major Grants award
£240,000	14/05/2021	Banqueting House, Whitehall
DCMS - Historic Royal Palaces Maintenance Award
£3,150,627	01/04/2021	The purpose of this funding is to enable Arms Length Bodies to undertake essential maintenance works on their estates, thus preventing further deterioration of these assets, as well as safeguarding ....more The purpose of this funding is to enable Arms Length Bodies to undertake essential maintenance works on their estates, thus preventing further deterioration of these assets, as well as safeguarding people and collections. Public Bodies are eligible to apply for grants to carry out urgent, priority maintenance works which are necessary. HRP grant is for urgent critical maintenance works: 1. Kensington Palaces - King's State Apartments Electrical Re-wiring Programme; 2.Hampton Court Palace - Mains Electrical Infrastructure Replacement Programme; 3.Critical Systems (Tower of London electric supply and all palaces fire alarms).
DCMS - Historic Royal Palaces Portfolio of Grants for Programmes of Major Works
£2,914,354	01/04/2021	We care for five sites of national importance in London: Tower of London, Hampton Court Palace, Banqueting House, Kensington Palace and Kew Palace; and one site in Northern Ireland: Hillsborough ....more We care for five sites of national importance in London: Tower of London, Hampton Court Palace, Banqueting House, Kensington Palace and Kew Palace; and one site in Northern Ireland: Hillsborough Castle and Gardens.
DCMS - Kensington Palace, London
£14,884	05/01/2021	- cracking in the north wall of the King's State Apartments- structural movement in the King's staircaseWorks required to safeguard fabric and to mitigate risk to the public
DCMS - Hampton Court Palace, London
£21,263	05/01/2021	Our project is the repair of the lead roof above apartment 31 at Hampton Court Palace. which sits directly above the Queens Staircase in the northern range of Fountain Court.
DCMS - Kensington Palace, London
£4,088	05/01/2021	- cracking in the north wall of the King's State Apartments- structural movement in the King's staircaseWorks required to safeguard fabric and to mitigate risk to the public
DCMS - Hampton Court Palace, London
£7,087	05/01/2021	Our project is the repair of the lead roof above apartment 31 at Hampton Court Palace. which sits directly above the Queens Staircase in the northern range of Fountain Court.
DCMS - The Queen's Cottage, Kew Gardens
£21,263	18/12/2020	Works include: Thatching repairs, repointing, and replacement of stone steps
DCMS - Banqueting House, London
£12,506	18/12/2020	Preliminary investigations undertaken by Ian Angus, which gave rise to the specialists in 2019 - Richard Ireland, Plaster Specialist and Hockley & Dawson, Structural Engineers identified splits ....more Preliminary investigations undertaken by Ian Angus, which gave rise to the specialists in 2019 - Richard Ireland, Plaster Specialist and Hockley & Dawson, Structural Engineers identified splits and deflection to the structural timbers above and associated cracking across the lath and plaster ceiling.
DCMS - White Tower, Tower of London
£21,263	16/12/2020	Renewal of lead roof due to underside corrosion
National Lottery Heritage Fund - Grant to Historic Royal Palaces
£219,600	09/07/2020	COVID19: Historic Royal Palaces
DCMS - ALB-Historic England-Historic Royal Palaces (HRP)
£3,013,337	01/04/2020	We care for five sites of national importance in London: Tower of London, Hampton Court Palace, Banqueting House, Kensington Palace and Kew Palace; and one site in Northern Ireland: Hillsborough ....more We care for five sites of national importance in London: Tower of London, Hampton Court Palace, Banqueting House, Kensington Palace and Kew Palace; and one site in Northern Ireland: Hillsborough Castle and Gardens.
Department for Business, Energy and Industrial Strategy - Portable Palaces: Royal Tents and Timber Lodgings 1509-1603
£82,488	03/04/2017	[Placeholder]
Wolfson Foundation - Grant to Historic Royal Palaces
£200,000	08/12/2016	Yew Tree Walk at Hillsborough Castle, Northern Ireland
National Lottery Heritage Fund - Grant to Historic Royal Palaces
£4,950,000	19/01/2016	Hillsborough Castle: opening doors, exploring stories, inspiring the future - for everyone

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

CAMILLA FINLAY Appointed: 2021

GENERAL SIR GORDON MESSENGER Appointed: 2022

JOANNA LOUISE TWIST Appointed: 2019

LISA JANE BURGER Appointed: 2022, Other trusteeship: ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION,

PROFESSOR MICHAEL DAVID WOOD Appointed: 2019

SIR MICHAEL JOHN STEVENS KCVO FCA Appointed: 2015, Other trusteeships: THE MILITARY KNIGHTS OF WINDSOR WIDOWS, ORPHANS AND SUPERNUMARY KNIGHTS BENEVOLENT FUND, THE PRIVY PURSE CHARITABLE TRUST, MILITARY KNIGHTS OF WINDSOR CHARITY, THE ROYAL COLLECTION TRUST, DUCHY OF LANCASTER BENEVOLENT FUND, THE DUCHY OF LANCASTER JUBILEE TRUST,

SARAH JANE JENKINS Appointed: 2019

SIR NICHOLAS COLERIDGE (Chair) Appointed: 2023

SUSAN JANE WILKINSON Appointed: 2017, Other trusteeships: NATIONAL COAL MINING MUSEUM FOR ENGLAND TRUST LTD, POSTAL HERITAGE COLLECTION TRUST, POSTAL HERITAGE TRUST,

TIMOTHY AIDAN JOHN KNOX Appointed: 2018, Occupation: Museum Director, Other trusteeships: PARHAM PARK LIMITED, YALE UNIVERSITY PRESS LONDON,

Legal constitution

Charity registered in England & Wales on 25/03/1998, number: 1068852

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment 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; all on time

Main office

Historic Royal Palaces
Hampton Court Palace
East Molesey
KT8 9AU

Objectives

FOR THE BENEFIT OF THE NATION: (A) TO MANAGE, CONSERVE, RENOVATE, REPAIR, MAINTAIN AND IMPROVE THE PALACES (THE PALACES BEING THE TOWER OF LONDON; HAMPTON COURT PALACE; THE STATE APARTMENTS AND ORANGERY AT KENSINGTON PALACE; THE BANQUETING HOUSE, WHITEHALL; KEW PALACE WITH QUEEN CHARLOTTE'S COTTAGE; AND OTHER PALACE OR PROPERTY CONSIDERED BY THE TRUSTEES TO BE OF ROYAL ASSOCIATION AND HISTORIC AND/OR ARCHITECTURAL IMPORTANCE AND AGREED BY US AND OUR SECRETARY OF STATE; TOGETHER WITH ANY ASSOCIATED GARDENS, LANDS, BUILDINGS AND CONTENTS OTHER THAN THE COLLECTION OF THE ROYAL ARMOURIES) TO A HIGH STANDARD CONSISTENT WITH THEIR STATUS AS BUILDINGS OF ROYAL ASSOCIATION AND HISTORIC AND/OR ARCHITECTURAL IMPORTANCE; AND (B) TO HELP EVERYONE TO LEARN ABOUT THE PALACES, THE SKILLS REQUIRED FOR THEIR CONSERVATION AND THE WIDER STORY OF HOW MONARCHS AND PEOPLE TOGETHER HAVE SHAPED SOCIETY BY PROVIDING PUBLIC ACCESS, BY EXHIBITION, BY EVENTS AND EDUCATION PROGRAMMES, BY THE PREPARATION OF RECORDS, BY RESEARCH AND BY PUBLICATION AND BY SUCH OTHER MEANS AS ARE APPROPRIATE.

Defined Area of Benefit:

THE UNITED KINGDOM

Data Sources