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

Grant maker 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 multiple 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	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/03/23		£20,203	£1,012	£19,191	£0	£51,277	£6,722	79.7	0
31/03/22		£1,130	£903	£227	£0	£33,045	£7,124	94.7	0
31/03/21		£137	£459	£-322	n/a	n/a	n/a	n/a	n/a
31/03/20		£47	£869	£-822	n/a	n/a	n/a	n/a	n/a
31/03/19		£969	£1,915	£-946	£0	£26,391	£5,321	33.3	0
31/03/18		£5,721	£6,843	£-1,122	£0	£26,719	£5,664	9.9	0
31/03/17		£6,871	£11,099	£-4,228	£0	£27,022	£5,620	6.1	0
31/03/16		£8,655	£8,206	£449	£0	£30,289	£5,587	8.2	0
31/03/15	*	£6,836	£11,004	£-4,169	£4	£15,119	£5,525	6	0
31/03/14	*	£7,607	£4,428	£3,179	£3	£18,629	£10,444	28.3	0
27/03/13		£19,241	£3,792	£15,449	£7	£15,449	£10,443	33	0

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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 ?

Established: 13 years

a.misquitta@vam.ac.uk

02079422771

Charity Commission for England and Wales

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'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

Garfield Weston Foundation	£3,250,000
DCMS	£750,000
Department for Business, Energy and Industrial Strategy	£86,384
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 ....more 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 high quality cultural experiences. Between 2018 and 2022, we will invest £1.45 billion of public money from government to help deliver this vision.
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 - Preserving and sharing born-digital and hybrid objects from and across the National Collection
£-40,215	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=AH/T01122X/1
Department for Business, Energy and Industrial Strategy - Design Impact, Archival Discovery, and Digital Engagement: Expanding the Story of Modernist E. McKnight Kauffer
£-157	01/04/2022	Full Grant details (including summaries) can be found on the Gateway to Research website: https://gtr.ukri.org/projects?ref=AH/S005994/1
Department for Business, Energy and Industrial Strategy - Shaping Spaces - Architectural Models in Context.
£-2,043	01/04/2022	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 - 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
HM Revenue & Customs - SME Brexit Support Fund
£2,000	08/07/2021	Funding provided for Professional Advice Grant
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 ....more 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 interpretation. The scheme is open to four categories of museums and galleries.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

Age Range of Trustees: 46-77

CAROLINE LOUISE SILVER Appointed: 2022, Occupation: Company Director

LADY DEBORAH SI YIN BUFFINI Appointed: 2024, Occupation: Chair Person

NIGEL WEBB Appointed: 2024, Occupation: Chartered Surveyor

ALI REZA SARIKHANI Appointed: 2017, Occupation: Not Applicable

DR CATHERINE COLBURN HOGEL Appointed: 2024, Occupation: Company Director, Other trusteeship: THE LONDON PHILHARMONIC TRUST,

HEATHER ACTON Appointed: 2019, Occupation: Councillor

PETER JOHN MARSDEN WILLIAMS Appointed: 2019, Occupation: Ceo

ANDREW HOCHHAUSER KC Appointed: 2019, Occupation: Barrister, Other trusteeships: THE SAMUEL COURTAULD TRUST, ENSEMBLE PLUS ULTRA, ORCHESTRA FOR THE EARTH,

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