Finance Score: 2

Governance Score: 8

Support Score: 9

Liabilities <10%: +3
Excess reserves: -2
Multiple Deficits: -2
Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +9

Overall GiG Score: 19

THE ROYAL BALLET SCHOOL

To train and educate outstanding classical ballet dancers for The Royal Ballet, Birmingham Royal Ballet and other top international dance companies.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 16 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £36,601,000 available, equivalent to 27 months of spending and so may not be able to utilise additional funding
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	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/08/23		£21,241	£16,191	£5,050	£710	£46,598	£36,601	27.1	255	25
31/08/22		£12,534	£14,279	£-1,745	£520	£41,535	£38,845	32.6	249	25
31/08/21	*	£11,767	£12,888	£-1,121	£350	£42,194	£38,445	35.8	241	23
31/08/20		£12,359	£11,971	£388	£293	£43,219	£39,850	39.9	240	14
31/08/19		£13,094	£13,754	£-660	£317	£42,828	£40,175	35.1	230	14
31/08/18	*	£12,720	£12,674	£46	£284	£44,213	£41,783	39.6	182	0
31/08/17		£12,373	£14,862	£-2,489	£207	£43,673	£41,865	33.8	187	0
31/08/16		£16,296	£10,558	£5,738	£186	£46,031	£42,720	48.6	189	0
31/08/15		£16,486	£9,625	£6,861	£190	£40,948	£37,969	47.3	108	0
31/08/14		£11,643	£10,088	£1,555	£178	£34,356	£29,532	35.1	110	0
31/08/13		£10,641	£10,055	£586	£256	£33,325	£30,433	36.3	114	0
31/08/12		£9,558	£9,591	£-33	£198	£32,803	£30,008	37.5	119	0
31/08/11		£9,864	£9,833	£31	£192	£33,314	£30,566	37.3	121	0
31/08/10		£9,237	£10,448	£-1,211	£190	£32,483	£30,152	34.6	106	0
31/08/09		£11,396	£8,777	£2,619	£310	£34,007	£32,246	44.1	100	0
31/08/08		£8,534	£7,688	£846	£155	£31,972	£31,198	48.7	100	0
31/08/07		£14,707	£7,506	£7,201	£269	£31,018	£28,544	45.6	93	0
31/08/06		£10,966	£7,145	£3,821	£0	£0	£0	n/a	0	0
31/08/05		£8,975	£6,055	£2,920	£0	£0	£0	n/a	0	0
31/08/04		£6,672	£5,641	£1,031	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 3.4%
Fundraising Costs/Total Spending: 4.4%
Senior Staff Costs/Total Spending: 8%
Highest pay band: £110,000-£120,000
Liabilities/Assets: 7%
Liabilities/Income: 15%
Unrestricted Funds/Total Funds: 79%
Reserves/Spending: 27.1 months
Net Current Assets/Spending: 8 months
Quick Ratio: 4

Asset Split ?

Established: 62 years
(69 years as a company)

www.royalballetschool.org.uk

enquiries@royalballetschool.org.uk

02078368899

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Makes Grants to Individuals
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People

Who works here?

255 employees
25 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

St Paul's Schools Foundation	£155,000
National Lottery Community Fund	£121,192
Mercer's Charitable Foundation	£75,000
CHK Foundation	£50,000

Specific Donations

Amount	When Months	To be used for
St Paul's Schools Foundation - Grant to Royal Ballet School
£80,000	18/05/2023	An effective whole school approach for the Positive Minds Programme
National Lottery Community Fund - The Ripple Older Peoples Service
£121,192	08/11/2022	This organisation will use the funding to deliver an Older People’s Service for people over 65 years of age in the Restalrig area. A full-time worker will coordinate the existing service and ....more This organisation will use the funding to deliver an Older People’s Service for people over 65 years of age in the Restalrig area. A full-time worker will coordinate the existing service and develop a wider range of activities trips and support services over the two years. Members will be able to shape the service’s development and there will be opportunities for volunteering. The project aims to make members feel more social less isolated and feel part of the community.
CHK Foundation - CHK Discretionary Grant
£25,000	28/09/2021	to support specified work
St Paul's Schools Foundation - Grant to St Paul's Girls' School for the West London Partnership
£75,000	27/04/2021 24	To support St Paul's Girls' School, St Paul's School and Hammersmith Academy to provide four summer and four Easter courses over two years to inspire long-term engagement with STEM subjects.
CHK Foundation - CHK Discretionary Grant
£25,000	26/10/2020	unrestricted, to further the Charitable Objects
Mercer's Charitable Foundation - Grant to Royal Ballet School
£75,000	24/09/2019 36	Positive Minds Mental Health and Wellbeing Programme
Andrew Lloyd Webber Foundation - Grant to The Royal Ballet School
£180,000	24/09/2012	Dance Partnership and Access Programmes

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (16)

Current Trustees appointed

Gender Split

Based on 15/16 persons

Age Range of Trustees: 44-72

ALISTAIR SUMMERS Appointed: 2024, Occupation: Chartered Accountant

CAROLINE ANNE DAVIS Appointed: 2023, Occupation: Sports Safeguarding Consultant

CORDELIA REDWOOD-SAWYERR Appointed: 2022, Occupation: Arts Sector Consultant

CRAIG ALAN RANSON Appointed: 2021, Occupation: Director Of Athlete Health

LADY SARAH ANN DORFMAN Appointed: 2024, Occupation: None

MARY BREEN Appointed: 2023, Occupation: Schools Advisor

NISHI SOMAIYA GROSE Appointed: 2020, Occupation: Banker

RICHARD DENNEN Appointed: 2022, Occupation: Journalist

SUZANNE MARGARET BRENNAN Appointed: 2021, Occupation: Finance Director

CARLOS ACOSTA CBE Appointed: 2020, Other trusteeship: THE FREDERICK ASHTON FOUNDATION,

DAVID EBSTEIN Appointed: 2021, Occupation: Management Consultant

JOANNA BIRKETT (Chair) Appointed: 2018, Occupation: Retired

MS ZITA SAUREL Appointed: 2015, Other trusteeships: ROYAL BALLET SCHOOL ENDOWMENT FUND, J. EDWARD CONWAY FUND,

SUSAN KATHRYN WIJERATNA Appointed: 2019, Occupation: Lower Master Of Eton College

KEVIN O'HARE Appointed: 2012, Occupation: Director Of The Royal Ballet, Other trusteeship: NORTHERN BALLET LIMITED,

THOMAS CLEMENTI Appointed: 2018, Occupation: Chief Executive, Other trusteeship: ROYAL BALLET SCHOOL ENDOWMENT FUND,

Legal constitution

Charitable company registered in England & Wales on 12/11/1962, number: 214364
Registered at Companies House on 31/03/1955, number: 00547018

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Ofsted (Office For Standards In Education)

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
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; AR21: 5 days late, AR18: 28 days late,

Main office

ROYAL BALLET SCHOOL
46 FLORAL STREET
LONDON
WC2E 9DA

Objectives

THE PRIMARY OBJECT IS TO CONDUCT AND MAINTAIN THE SCHOOL IN ALL RESPECTS AS A CHARITY, AND TO APPLY THE PROPERTY AND INCOME OF THE SCHOOL FOR CHARITABLE PURPOSES ONLY. FURTHER OBJECTS ARE (I) TO CONDUCT A SCHOOL FOR THE EDUCATION OF BOYS AND GIRLS IN THE BALLET, AND FOR PROVIDING SCHOLASTIC EDUCATION FOR SUCH OF THE SAID BOYS AND GIRLS AS ARE BY LAW REQUIRED TO RECEIVE SUCH EDUCATION; (II) TO RECEIVE, EDUCATE AND TRAIN STUDENTS IN BALLET, DRAMA, DANCING, SINGING, MUSIC AND OTHER ARTS. (FOR FULL DETAILS SEE CLAUSE 4 OF MEMORANDUM OF ASSOCIATION)

Defined Area of Benefit:

NOT DEFINED

Data Sources