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home >> charity search >> the royal academy of arts
Finance Score: -6
Governance Score: 5
Support Score: 9
  • Excess reserves: -3
  • Fundraising costs high: -3
  • 12+ Trustees: -1
  • Dynamic board: +3
  • Gender balanced board: +3
  • Overall weighted support: +9
Overall GiG Score: 8 ?

THE ROYAL ACADEMY OF ARTS

On 1 September 2009, all the assets, net liabilities and undertakings of the Royal Academy of Arts, charity number 212798, were transfered to The Royal Academy of Arts, charity number 1125383, company number 6298947.From 1 September 2009 therefore, the activities of The Royal Academy of Arts, charity number 1125383, are the promotion of Arts of Design through exhibitions and education.
Analysis by Giving is Great

Positives:

  • The charity has received backing from several prominent grant makers recently
  • There have been no income shortfalls in recent years
  • The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • Why are there 16 trustees whereas the Charities Commission recommends a maximum of 12?
  • Over half the Board have joined recently

Financial issues to consider:

  • This charity has substantial assets and unrestricted reserves of £92,389,000 available, equivalent to 30 months of spending and so may not be able to utilise additional funding
  • Fundraising costs are extremely high relative to funds raised
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Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k		 Spending
£k		 Surplus/
Deficit £k		 Fundraising
Cost £k		 Total
Funds £k		 Unrestricted
Funds £k		 Mths
Rsrvs		 Staff Volun-
teers
31/08/23£43,830£36,669£7,161£10,754£118,590£92,38930.23206
31/08/22£43,384£33,184£10,200£9,431£113,503£93,38433.830313
31/08/21£36,729£30,810£5,919£8,265£105,489£89,36334.8312148
31/08/20£45,325£37,784£7,540£10,596£97,451£85,89027.3371162
31/08/19£44,870£41,906£2,965£12,381£88,885£83,13523.8371162
31/08/18£48,841£42,197£6,644£12,054£86,329£81,93023.33730
31/08/17£49,716£39,375£10,341£16,122£76,866£38,65011.83380
31/08/16£58,382£37,199£21,184£14,868£60,522£33,06210.72780
31/08/15£39,626£32,696£6,931£12,784£42,986£30,30511.12670
31/08/14£33,147£28,700£4,447£13,100£37,501£29,31712.32820
31/08/13£36,282£28,611£7,671£12,875£33,420£25,93010.92560
31/08/12£39,437£27,192£12,245£13,024£25,700£19,7838.72610
31/08/11£26,660£23,811£2,849£10,235£16,878£14,7307.42560
31/08/10£31,853£25,756£6,097£10,745£10,291£9,2024.32550
31/08/09£0£0£0n/an/an/an/an/an/a
Show more rows -->

Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 33.8%
Fundraising Costs/Total Spending: 29.3%
Senior Staff Costs/Total Spending: 8%
Highest pay band: £200,000-£250,000
Liabilities/Assets: 13%
Liabilities/Income: 37%
Unrestricted Funds/Total Funds: 78%
Reserves/Spending: 30.2 months
Net Current Assets/Spending: 6 months
Quick Ratio: 3
Asset Split ?
Balance Sheet History
Established: 16 years

www.royalacademy.org.uk

press.office@royalacademy.org.uk

02073008017

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
Listed activities
  • Arts/Culture/Heritage/Science
  • Education/Training
  • The Prevention Or Relief Of Poverty
GiG Classification
  • Performing and visual arts
How it operates
  • Makes grants to individuals
  • Provides buildings/facilities/open space
Where it operates
  • Throughout England And Wales,
Who it helps
  • The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

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

Major supporters in last 5 years
Garfield Weston Foundation£1,000,000
Wolfson Foundation£600,000
National Lottery Heritage Fund£250,000
The Paul Mellon Centre for Studies in British Art£22,287
Specific Donations
Amount When
Months		 To be used for
Wolfson Foundation - Grant to Royal Academy of Arts
£600,000 08/06/2023
Refurbishment and restoration of RA Schools' buildings at Burlington House
Garfield Weston Foundation - Major Grants award
£1,000,000 20/03/2023
RA Schools restoration and renewal
Rothschild Foundation - Grant to Royal Academy of Arts
£3,333 01/03/2023
Cost of living supplementary grant
The Paul Mellon Centre for Studies in British Art - Curatorial Research Grant
£22,287 10/11/2022
Support towards the curatorial research project Entangled Pasts The Royal Academy, Enslavement and Empire
National Lottery Heritage Fund - Grant to Royal Academy Of Arts
£250,000 16/07/2020
COVID-19: Royal Academy of Arts

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (16)
Current Trustees appointed
Gender Split

Age Range of Trustees:
  • ANTHONY LEWIS COHEN Appointed: 2023, Occupation: Retired
  • CONRAD SHAWCROSS RA Appointed: 2023
  • CORNELIA PARKER CBE RA Appointed: 2022
  • DAME TRACEY KARIMA EMIN DBE RA Appointed: 2023
  • EMMA STIBBON Appointed: 2021
  • ERIC PARRY RA Appointed: 2022
  • FIONA BANNER RA Appointed: 2023
  • FIONA RAE Appointed: 2023, Occupation: Artist
  • GARY HUME RA Appointed: 2018, Occupation: Painter
  • LOUISE WILSON Appointed: 2022, Occupation: Artist
  • MICHAEL ARMITAGE Appointed: 2023
  • NIGEL MARTIN COATES RA Appointed: 2023
  • PATRICK BRILL RA OBE Appointed: 2022
  • REBECCA SALTER PRA Appointed: 2019
  • SIMON FRIEND Appointed: 2018, Occupation: Accountant
  • TONY BAUMGARTNER Appointed: 2019, Occupation: Judge
Legal constitution
  • Charitable company registered in England & Wales on 06/08/2008, number: 1125383
  • Registered at Companies House on 02/07/2007, number: 06298947
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
15 returns made; all on time
Recent reorganisation events:
  • Asset transfer in from MONTY AND LALLA HURST CHARITABLE TRUST on 30/08/2022
Main office

BURLINGTON HOUSE
PICCADILLY
LONDON
W1J 0BD

Objectives

1. THE PROMOTION OF THE ARTS OF DESIGN.2. THE EDUCATION OF THE PUBLIC IN THE CREATION, ENJOYMENT, APPRECIATION AND UNDERSTANDING OF THE ARTS, THROUGH EXHIBITIONS, EDUCATIONAL PROGRAMMES AND DEBATE BY ALL CHARITABLE MEANS AS THE MEMBERS OF COUNCIL MAY THINK FIT.

Defined Area of Benefit:

NOT DEFINED.

Data Sources

Charity Commission for England and Wales
360 Giving

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