Finance Score: -6

Governance Score: 5

Support Score: 8

Excess reserves: -3
Fundraising costs high: -3

12+ Trustees: -1
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +8

Overall GiG Score: 7

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:

One or more trustees receive benefits from the charity
There are 14 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 £93,383,682 available, equivalent to 34 months of spending and so may not be able to utilise additional funding
Fundraising costs are extremely high relative to funds raised

Established: 58 years

www.royalacademy.org.uk

press.office@royalacademy.org.uk

02073008017

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
31/08/22	£43,384	£33,184	£10,200	£9,431	£113,503	£93,384	33.8	303	13
31/08/21	£36,729	£30,810	£5,919	£8,265	£105,489	£89,363	34.8	312	148
31/08/20	£45,325	£37,784	£7,540	£10,596	£97,451	£85,890	27.3	371	162
31/08/19	£44,870	£41,906	£2,965	£12,381	£88,885	£83,135	23.8	371	162
31/08/18	£48,841	£42,197	£6,644	£12,054	£86,329	£81,930	23.3	373	172
31/08/17	£49,716	£39,375	£10,341	£16,122	£76,866	£38,650	11.8	338	0
31/08/16	£58,382	£37,199	£21,184	£14,868	£60,522	£33,062	10.7	278	0
31/08/15	£39,626	£32,696	£6,931	£12,784	£42,986	£30,305	11.1	267	0
31/08/14	£33,147	£28,700	£4,447	£13,100	£37,501	£29,317	12.3	282	0
31/08/13	£36,282	£28,611	£7,671	£12,875	£33,420	£25,930	10.9	256	0
31/08/12	£39,437	£27,192	£12,245	£13,024	£25,700	£19,783	8.7	261	0
31/08/11	£26,660	£23,811	£2,849	£10,235	£16,878	£14,730	7.4	256	0
31/08/10	£31,853	£25,756	£6,097	£10,745	£10,291	£9,202	4.3	255	0
31/08/09	£0	£0	£0	n/a	n/a	n/a	n/a	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 30.3%
Fundraising Costs/Total Spending: 28.4%
Senior Staff Costs/Total Spending: 7%
Highest pay band: £150,000-£200,000
Liabilities/Assets: 13%
Liabilities/Income: 36%
Unrestricted Funds/Total Funds: 82%
Reserves/Spending: 33.8 months
Net Current Assets/Spending: 6 months
Quick Ratio: 3.5

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training
The Prevention Or Relief Of Poverty

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 works here?

303 employees
13 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.

Major supporters in last 5 years

Wolfson Foundation	£600,000
National Lottery Heritage Fund	£250,000
Rothschild Foundation	£3,333

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
Rothschild Foundation - Grant to Royal Academy of Arts
£3,333	01/03/2023	Cost of living supplementary grant
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 (14)

Current Trustees appointed

Gender Split

Age Range of Trustees:

ANTHONY LEWIS COHEN Appointed: 2023, Occupation: Retired

CORNELIA PARKER CBE RA Appointed: 2022

EMMA STIBBON RA Appointed: 2021

ERIC PARRY RA Appointed: 2022

FIONA RAE Appointed: 2023, Occupation: Artist

GARY HUME RA Appointed: 2018, Occupation: Painter

LOUISE WILSON Appointed: 2022, Occupation: Artist

MICHAEL ARMITAGE Appointed: 2023, Occupation: Artist

NIGEL MARTIN COATES RA Appointed: 2023

PATRICK BRILL Appointed: 2022, Occupation: Artist

PROFESSOR SONIA BOYCE OBE RA Appointed: 2021

REBECCA SALTER PRA Appointed: 2019, Other trusteeships: THE CHANTREY BEQUEST, Royal Academy Trust,

SIMON FRIEND Appointed: 2018, Occupation: Accountant

TONY BAUMGARTNER Appointed: 2019, Occupation: Judge

Legal constitution

Charitable company registered in England & Wales on 24/10/1966, number: 1125383
Registered at Companies House on 02/07/2007, number: 06298947

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

14 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