Finance Score: -3

Governance Score: 6

Support Score: 4

Liabilities <10%: +3
Excess reserves: -5
Spending falling: -1

Dynamic board: +3
Gender balanced board: +3

Grant maker support: +4

Overall GiG Score: 7

THE NATIONAL GALLERY TRUST

The objects of the Trust are the advancement of education and the charitable objects of the National Gallery. The Trust achieves this by making grants to organisations.

Analysis by Giving is Great

Positives:

The charity has received modest backing from multiple prominent grant makers recently
This charity has a robust balance sheet
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity only provides its support via other charities

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £49,102,943 available, equivalent to 146 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

Established: 36 years

victoria.hayes@ng-london.org.uk

02077472436

Charity Commission for England and Wales

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
31/03/23		£6,261	£4,042	£2,219	£423	£112,584	£49,103	145.8	0
31/03/22		£7,126	£7,461	£-335	£429	£115,235	£49,865	80.2	0
31/03/21		£9,171	£5,593	£3,578	£4,364	£109,607	£46,682	100.2	63
31/03/20		£14,323	£23,966	£-9,644	£10,270	£83,821	£37,392	18.7	95
31/03/19		£14,406	£12,952	£1,454	£9,556	£96,624	£38,856	36	94
31/03/18		£17,616	£16,278	£1,339	£8,484	£90,039	£36,138	26.6	90
31/03/17		£14,310	£9,921	£4,389	£8,020	£87,086	£35,211	42.6	86
31/03/16	*	£14,570	£8,628	£5,942	£7,477	£80,253	£33,543	46.7	82
31/03/15		£17,772	£11,416	£6,355	£7,583	£75,565	£33,957	35.7	83
31/03/14	*	£15,806	£8,411	£7,395	£6,486	£67,831	£33,509	47.8	82
31/03/13		£16,348	£6,704	£9,643	£5,977	£58,917	£30,260	54.2	0
31/03/12		£21,098	£15,580	£5,518	£7,476	£47,908	£28,224	21.7	0
31/03/11		£13,061	£11,641	£1,420	£6,286	£42,603	£25,568	26.4	0
31/03/10		£12,288	£6,620	£5,668	£6,465	£39,403	£23,077	41.8	83
31/03/09		£8,759	£6,133	£2,626	£5,994	£30,196	£19,685	38.5	81
31/03/08		£9,861	£6,107	£3,753	£5,958	£30,029	£20,062	39.4	83
31/03/07		£11,630	£11,482	£149	£6,836	£25,958	£18,429	19.3	85
31/03/06		£9,493	£579	£8,915	£0	£0	£0	n/a	0
31/03/05		£2,591	£2,545	£46	£0	£0	£0	n/a	0
31/03/04		£4,151	£6,121	£-1,969	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 14.9%
Fundraising Costs/Total Spending: 18.6%
Highest pay band: Less than £60,000
Liabilities/Assets: 3%
Liabilities/Income: 50%
Unrestricted Funds/Total Funds: 44%
Reserves/Spending: 145.8 months
Net Current Assets/Spending: 44 months
Quick Ratio: 4.5

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science

How it operates

Makes Grants to Organisations

Where it operates

Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies

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.

Specific Donations

Amount	When Months	To be used for
Rothschild Foundation - Grant to National Gallery Trust
£10,000	01/03/2023	Cost of living supplementary grant
Rothschild Foundation - Grant to National Gallery
£25,000	11/01/2023	The reframing of Piero della Francesca’s ‘The Nativity’, following the painting’s extensive conservation treatment.
Rothschild Foundation - Grant to National Gallery
£5,000	09/01/2023	Support for the delivery of an Articulation Prize 2023 event at Waddesdon Manor
Foundation Scotland - Grant to The National Gallery Trust
£2,900	10/10/2022	Donation from Anthony Davis Fund as payment for George Beaumont Group
Foundation Scotland - Grant to The National Gallery Trust
£2,900	20/09/2021	Beaumont Circle Donation from Anthony Davis.
Foundation Scotland - Grant to The National Gallery Trust
£2,900	18/03/2021	George Beaumont Group - Anthony Davis

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Based on 6/7 persons

ANDREW ROSS Appointed: 2019

CAROLINE THOMSON Appointed: 2019, Other trusteeships: TULLIE HOUSE MUSEUM AND ART GALLERY TRUST, THE CONVERSATION TRUST (UK) LIMITED,

CHARLES SEBAG-MONTEFIORE CBE Appointed: 2022

ISABEL EMO CAPODILISTA Appointed: 2021

JOHN FREDERICK NELSON (Chair) Appointed: 2018, Other trusteeship: CHICHESTER HARBOUR TRUST,

JOHN BOOTH Appointed: 2021, Other trusteeship: THE PRINCE'S TRUST,

NICHOLAS RITBLAT Appointed: 2015

Legal constitution

Charity registered in England & Wales on 21/06/1988, number: 299509

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
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
Risk management
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; AR16: 1 days late, AR14: 1 days late,

Main office

C/O THE NATIONAL GALLERY
TRAFALGAR SQUARE
LONDON
WC2N 5DN

Objectives

THE ADVANCEMENT OF EDUCATION AND THE CHARITABLE OBJECTS OF THE NATIONAL GALLERY.

Defined Area of Benefit:

NOT DEFINED

Data Sources