Finance Score: -4

Governance Score: 3

Support Score: 3

Multiple Deficits: -2
Fundraising costs high: -2

No volunteer policy: -2
Good trustee age range: +3
Dynamic board: +3
Mainly female board: -1

Grant maker support: +3

Overall GiG Score: 2

THE ROYAL SCHOOL OF NEEDLEWORK

The RSN comprises three core activities; the Education programme, the Collection and the Studio. These three activities are integrally linked; Studio staff teach on the courses; students work in the Studio; students work on items from the Collection and the collection informs work in the Studio and the courses.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

Although this charity works with volunteers it does not have a Volunteer Management policy
The Board is predominantly female
Over half the Board have joined recently

Financial issues to consider:

On several occasions in recent years income has been less than spending
Fundraising costs are high relative to funds raised

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
31/08/22		£2,748	£2,519	£228	£447	£5,770	£2,625	12.5	47	15
31/08/21		£2,272	£2,163	£109	£350	£6,298	£2,716	15.1	28	7
31/08/20		£1,984	£2,106	£-122	£372	£5,301	£2,164	12.3	54	20
31/08/19		£2,107	£2,215	£-107	£446	£5,445	£2,228	12.1	52	10
31/08/18		£2,226	£2,323	£-97	£440	£5,156	£2,172	11.2	26	20
31/08/17		£1,918	£1,908	£10	£417	£5,089	£2,178	13.7	24	0
31/08/16		£1,758	£1,754	£4	£380	£4,685	£1,941	13.3	21	0
31/08/15		£1,868	£1,600	£268	£81	£4,274	£1,759	13.2	20	0
31/08/14		£1,471	£1,556	£-85	£64	£4,129	£1,877	14.5	19	0
31/08/13		£1,361	£1,369	£-8	£288	£3,952	£1,785	15.6	17	0
31/08/12		£1,212	£1,196	£15	£308	£3,572	£1,550	15.5	15	0
31/08/11		£1,400	£1,004	£396	£292	£3,359	£1,446	17.3	15	0
31/08/10	*	£2,318	£1,014	£1,304	£282	£2,953	£1,320	15.6	25	0
31/08/09		£1,058	£977	£81	£298	£1,603	£1,144	14.1	29	0
31/08/08		£951	£1,018	£-67	£90	£1,625	£1,325	15.6	30	0
31/08/07		£616	£859	£-243	£44	£1,793	£1,436	20.1	38	0
31/08/06		£695	£825	£-130	£0	£0	£0	n/a	0	0
31/08/05		£598	£712	£-114	£0	£0	£0	n/a	0	0
31/08/04	*	£689	£640	£49	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 22.3%
Fundraising Costs/Total Spending: 19.5%
Senior Staff Costs/Total Spending: 8%
Highest pay band: £100,000-£110,000
Liabilities/Assets: 11%
Liabilities/Income: 26%
Unrestricted Funds/Total Funds: 45%
Reserves/Spending: 12.5 months
Net Current Assets/Spending: 2 months
Quick Ratio: 0.8

Asset Split ?

Established: 60 years
(146 years as a company)

www.royal-needlework.org.uk

enquiries@royal-needlework.org.uk

02031666930

Charity Commission for England and Wales

Tweets

Listed activities

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

GiG Classification

Technical, vocational and continuing education

How it operates

Provides advocacy/advice/information
Provides services

Where it operates

Bristol City, Durham, Japan, Richmond Upon Thames, Scotland, United States, Warwickshire,

Who it helps

The General Public/Mankind

Who works here?

47 employees
15 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.

Specific Donations

Amount	When Months	To be used for
Haberdashers' Company - Funding for the Future Tutors Programme and two Haberdashers' Prizes 2023
£12,500	10/05/2023	Annual award
Haberdashers' Company - Contribution to the 150 Forward campaign
£2,500	10/05/2023	One off contribution
Garfield Weston Foundation - Main Grants award
£40,000	23/05/2018	Revealing the RSN to the World

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (11)

Current Trustees appointed

Gender Split

Age Range of Trustees: 36-74

CLARA POON Appointed: 2023, Occupation: Part-Time Student

DR PAULA LEFTWICH Appointed: 2023, Occupation: Retired

ELERI LYNN RITCHIE Appointed: 2021, Occupation: Head Of Exhibitions/Author/Curator

JULIE ANN RICHARDS Appointed: 2022, Occupation: Retired

KEITH WILLIAM PICKARD Appointed: 2023, Occupation: Accountant

LOUISA CHRISTOFIDOU Appointed: 2022, Occupation: Solicitor

PATRICIA BARBARA CULLEN Appointed: 2020, Occupation: Higher Education Consultant

PAULINE ELIZABETH WOOD Appointed: 2021, Occupation: Retired

SARAH JANE MUMFORD Appointed: 2023, Occupation: Solicitor

VICTORIA ELIZABETH FARROW Appointed: 2020, Occupation: Company Director

PROFESSOR DOMINIC TWEDDLE Appointed: 2023, Occupation: Museum Director General, Other trusteeships: THE WELLINGTON TRUST, MARITIME ARCHAEOLOGY SEA TRUST, MERCANTILE MARINE MEMORIAL TRUST,

Legal constitution

Charitable company registered in England & Wales on 07/07/1964, number: 312774
Registered at Companies House on 16/04/1878, number: 00012192

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

19 returns made; AR10: 38 days late, AR04: 7 days late,

Recent reorganisation events:

Asset transfer in from CORBET BED EMBROIDERERS TRUST on 14/07/2023

Main office

Apt 12A Hampton Court Palace
East Molesey
Surrey
KT8 9AU

Objectives

THE CARRYING ON OF THE ROYAL SCHOOL OF NEEDLEWORK; THE FOUNDING AND CARRYING ON OR ASSISTING OF OTHER SCHOOLS OF NEEDLEWORK; THE TEACHING AND GIVING INSTRUCTION IN ORNAMENTAL NEEDLEWORK AND THE SUPPLYING OF SUITABLE EMPLOYMENT FOR POOR GENTLEWOMEN.

Defined Area of Benefit:

NOT DEFINED

Data Sources