Finance Score: -1
Governance Score: 9
Support Score: 9
  • Liabilities <10%: +3
  • Excess reserves: -5
  • Spending falling: -1
  • but now stabilising: +1
  • Multiple Deficits: -2
  • Fundraising costs low: +3
  • Good trustee age range: +3
  • Dynamic board: +3
  • Gender balanced board: +3
  • Overall weighted support: +9
Overall GiG Score: 17 ?

THE V&A FOUNDATION

The objects of the Foundation, as set out in its Memorandum and Articles are for the benefit of the public, to further, in so manner as the Trustees see fit, all or any of the objects from time to time of the Victoria and Albert Museum (V&A).
Analysis by Giving is Great

Positives:

  • The charity has received backing from several prominent grant makers recently
  • This charity has a robust balance sheet
  • Fundraising costs are unusually low relative to funds raised
  • The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

  • This charity has substantial assets and unrestricted reserves of £6,722,227 available, equivalent to 80 months of spending and so may not be able to utilise additional funding
  • Spending has fallen significantly over the last 5 years relative to the previous period but has stabilised more recently
  • On several occasions in recent years income has been less than spending

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
31/03/23£20,203£1,012£19,191£0£51,277£6,72279.700
31/03/22£1,130£903£227£0£33,045£7,12494.700
31/03/21£137£459£-322n/an/an/an/an/an/a
31/03/20£47£869£-822n/an/an/an/an/an/a
31/03/19£969£1,915£-946£0£26,391£5,32133.300
31/03/18£5,721£6,843£-1,122£0£26,719£5,6649.900
31/03/17£6,871£11,099£-4,228£0£27,022£5,6206.100
31/03/16£8,655£8,206£449£0£30,289£5,5878.200
31/03/15*£6,836£11,004£-4,169£4£15,119£5,525600
31/03/14*£7,607£4,428£3,179£3£18,629£10,44428.300
27/03/13£19,241£3,792£15,449£7£15,449£10,4433300

Financial Ratios
Fundraising Costs/Relevant Income: 0.9%
Fundraising Costs/Total Spending: 17.4%
Highest pay band: Less than £60,000
Liabilities/Assets: 0%
Liabilities/Income: 0%
Unrestricted Funds/Total Funds: 13%
Reserves/Spending: 79.7 months
Net Current Assets/Spending: 26 months
Quick Ratio: 241.9
Asset Split ?
Balance Sheet History
Established: 13 years

a.misquitta@vam.ac.uk

02079422771

Charity Commission for England and WalesCompanies House
UN SDGs
?
Listed activities
  • Arts/Culture/Heritage/Science
  • Education/Training
  • Environment/Conservation/Heritage
GiG Classification
  • Museums, parks, historical sites
How it operates
  • Makes grants to organisations
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£3,250,000
DCMS£750,000
Department for Business, Energy and Industrial Strategy£128,800
Backstage Trust£25,000
Specific Donations
Amount When
Months
To be used for
DCMS - Investment Funds
£750,000 09/03/2023
We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of ....more
Backstage Trust - Capital grant
£25,000 05/05/2022
Capital redevelopment of museum
Garfield Weston Foundation - Major Grants award
£3,000,000 01/04/2022
V&A East Storehouse
Department for Business, Energy and Industrial Strategy - Videogames: Perspectives from the Museum
£5,457 01/04/2022
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=AH/S006036/1
Department for Business, Energy and Industrial Strategy - Scheme Coordination and Cohort-Building: Early Career Research Fellowships in Cultural and Heritage IROs
£36,793 01/04/2022
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=AH/X006719/1
Department for Business, Energy and Industrial Strategy - Experimentation and Placemaking: connecting communities with the technological and innovation histories of London's early porcelain manufacturers
£28,454 01/04/2022
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=AH/X003345/1
Department for Business, Energy and Industrial Strategy - Experimentation and Placemaking: connecting communities with the technological and innovation histories of London's early porcelain manufacturers
£17,776 31/01/2022
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=AH/X003345/1
Garfield Weston Foundation - Major Grants award
£250,000 06/08/2021
Transforming The V&A Museum of Childhood
Department for Business, Energy and Industrial Strategy - Shaping Spaces - Architectural Models in Context.
£40,320 19/04/2021
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=AH/T006374/1
Department for Business, Energy and Industrial Strategy - Preserving and sharing born-digital and hybrid objects from and across the National Collection
£202,136 01/04/2019
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=AH/T01122X/1
Department for Business, Energy and Industrial Strategy - ALB - UKRI - Design Impact, Archival Discovery, and Digital Engagement: Expanding the Story of Modernist E. McKnight Kauffer
£16,627 01/04/2018
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=AH/S005994/1
Department for Business, Energy and Industrial Strategy - ALB - UKRI - Design Impact, Archival Discovery, and Digital Engagement: Expanding the Story of Modernist E. McKnight Kauffer
£16,611 01/04/2018
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=AH/S006001/1
Department for Business, Energy and Industrial Strategy - ALB - UKRI - Videogames: Perspectives from the Museum
£46,655 01/04/2018
Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projectsref=AH/S006036/1
DCMS - DCMS/Wolfson Museums and Galleries Improvement Fund
£200,000 01/04/2017
The DCMS/Wolfson Museums and Galleries Improvement Fund has four objectives: to increase the number of artefacts on display, to improve physical access to collections, to improve access for disabled visitors, and to improve the quality of ....more
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)
Current Trustees appointed
Gender Split

Age Range of Trustees: 47-78
  • ALI REZA SARIKHANI Appointed: 2017, Occupation: Not Applicable
  • ANDREW HOCHHAUSER KC Appointed: 2019, Occupation: Barrister
  • CAROLINE LOUISE SILVER Appointed: 2022, Occupation: Company Director
  • DR CATHERINE COLBURN HOGEL Appointed: 2024, Occupation: Company Director
  • HEATHER JANE ACTON Appointed: 2019, Occupation: Councillor
  • LADY DEBORAH SI YIN BUFFINI Appointed: 2024, Occupation: Chair Person
  • NIGEL WEBB Appointed: 2024, Occupation: Chartered Surveyor
  • PETER JOHN MARSDEN WILLIAMS Appointed: 2019, Occupation: Ceo
Legal constitution
  • Charitable company registered in England & Wales on 02/11/2011, number: 1144508
  • Registered at Companies House on 27/09/2011, number: 07788681
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Conflicting interests
  • Financial reserves 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
Filing Record
11 returns made; AR15: 27 days late, AR14: 38 days late,
Main office

VICTORIA & ALBERT MUSEUM
CROMWELL ROAD
LONDON
SW7 2RL

Objectives

The objects of the Foundation are for the benefit of the public, to further, in such manner as the Trustees of the Foundation see fit, all or any of the objects from time to time of the V&A and art, design and performance throughout the world in any manner incidental, conducive to or compatible with the charitable objects of the V&A. The Foundation achieves these objects through the award of grants.

Data Sources

Charity Commission for England and Wales
360 Giving

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