Finance Score: 10

Governance Score: 5

Support Score: 7

Liabilities <10%: +3
Spending falling: -1
Fundraising costs low: +3
Future income +5

No conflicts policy: -1
Dynamic board: +3
Gender balanced board: +3

Overall weighted support: +7

Overall GiG Score: 22

THE COURTAULD INSTITUTE OF ART FUND

To promote the advancement of public education in the history of art and architecture and the care, conservation and restoration of works of art for the public benefit by raising funds to support the Courtauld Institute of Art

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently and there are significant future grants due to be received
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 gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy
Over half the Board have joined recently

Financial issues to consider:

Spending has fallen significantly over the last 5 years relative to the previous period
Income has been volatile recently and was substantially in excess of spending in the latest year

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
31/07/23		£1,474	£974	£500	£6	£1,000	£500	6.2	0	0
31/07/22	*	£1,871	£1,871	£0	£5	£500	£0	n/a	0	0
31/07/21		£2,772	£2,772	£0	£3	£500	£500	2.2	0	0
31/07/20		£6,111	£6,111	£0	£4	£500	£500	1	0	0
31/07/19		£4,151	£4,151	£0	£4	£500	£500	1.4	0	0
31/07/18		£2,046	£2,046	£0	£5	£500	£500	2.9	0	0
31/07/17		£2,307	£1,857	£450	£3	£500	£500	3.2	0	0
31/07/16		£1,560	£1,560	£0	£4	£50	£50	0.4	0	0
31/07/15		£1,908	£2,021	£-113	£7	£50	£50	0.3	0	0
31/07/14		£1,819	£1,852	£-33	£6	£163	£69	0.4	0	0
31/07/13		£807	£1,078	£-271	£6	£196	£77	0.9	0	0
31/07/12		£791	£757	£34	£6	£467	£324	5.1	0	0
31/07/11		£1,790	£1,610	£180	£5	£433	£202	1.5	0	0
31/07/10		£813	£629	£184	£3	£253	£94	1.8	0	0
31/07/09		£528	£560	£-32	£4	£69	£41	0.9	0	0
31/07/08		£278	£346	£-68	n/a	n/a	n/a	n/a	n/a	n/a
31/07/07		£433	£658	£-224	n/a	n/a	n/a	n/a	n/a	n/a
31/07/06		£86	£2,544	£-2,458	n/a	n/a	n/a	n/a	n/a	n/a
31/07/05	*	£569	£179	£390	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0.4%
Fundraising Costs/Total Spending: 0.6%
Highest pay band: Less than £60,000
Liabilities/Assets: 9%
Liabilities/Income: 7%
Unrestricted Funds/Total Funds: 50%
Reserves/Spending: 6.2 months
Net Current Assets/Spending: 7 months
Quick Ratio: 0.6

Asset Split ?

Balance Sheet History

Established: 41 years

development@courtauld.ac.uk

02037510523

Charity Commission for England and Wales

Listed activities

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

GiG Classification

Art galleries and exhibitions

How it operates

Makes grants to organisations

Where it operates

City Of Westminster,

Who it helps

Children/Young People
Other Charities Or Voluntary Bodies
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.

Specific Donations

Amount	When Months	To be used for
Garfield Weston Foundation - Major Grants award
£2,000,000	28/11/2023	Transforming the Courtyard
Rothschild Foundation - Grant to Courtauld Institute of Art
£250,000	06/12/2022	Capital funding to support the second phase of redevelopment project 'Courtauld Connects'
Garfield Weston Foundation - Major Grants award
£300,000	24/09/2019	Courtauld Connects People
Esmee Fairbairn - Grant to The Courtauld Institute of Art
£200,000	24/07/2019 40	Towards project costs of 'Courtauld National', a programme of projects and partnerships across the UK.
Garfield Weston Foundation - Major Grants award
£3,000,000	15/11/2017	Courtauld Connects

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Gender Split

ELEONORE JULIE AURELIE VALAIS DE SIBERT Appointed: 2024

FRANCESCA MEERA MORRIS Appointed: 2023

PROFESSOR ANTONY DEYMAN EASTMOND Appointed: 2024

PROFESSOR ELIZABETH ALEXANDRA BOVEY PHILLIPS Appointed: 2020

PROFESSOR MARK LOUIS HALLETT (Chair) Appointed: 2024

Legal constitution

Charity registered in England & Wales on 17/01/1984, number: 288509

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Risk management

Filing Record

19 returns made; AR22: 99 days late, AR05: 133 days late,

Main office

COURTAULD INSTITUTE OF ART
SOMERSET HOUSE
STRAND
LONDON
WC2R 0RN

Objectives

(1) THE ADVANCEMENT OF PUBLIC EDUCATION IN THE HISTORY OF ART AND ARCHITECTURE THROUGH TEACHING AND RESEARCH AND THE PUBLICATION OF THE USEFUL RESULTS OF SUCH RESEARCH. (2) THE CARE CONSERVATION AND RESTORATION OF WORKS OR ART FOR THE PUBLIC BENEFIT AND TEACHING AND RESEARCH AND THE PUBLICATION OF THE USEFUL RESULTS OF SUCH RESEARCH. (3) THE ACCOMMODATION AND PUBLIC DISPLAY OF WORKS OF ART. (4) THE INCREASE OF PUBLIC KNOWLEDGE AND APPRECIATION OF ART AND ARCHITECTURE. (5) THE ADVANCEMENT OF SUCH OTHER CHARITABLE PURPOSES AS MAY FROM TIME TO TIME BE PROMOTED BY THE INSTITUTE.

Defined Area of Benefit:

NOT DEFINED

Data Sources

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