THE GREENWICH FOUNDATION FOR THE OLD ROYAL NAVAL COLLEGE

Registered charity 1062519 · accounts filings on the Charity Commission register · also known as GREENWICH FOUNDATION FOR THE OLD ROYAL NAVAL COLLEGE

To preserve for the benefit of the nation the Old Royal Naval College site, buildings and monuments as being of historical, architectural and artistic importance, to allow the general public reasonable access to the site, and to educate the public thereon

Causes: Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts

Latest income
£7.2m
Latest spending
£8.1m
Registered
1997
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a consolidated deficit for the year with a net movement in funds of £814,492, driven by a deficit in unrestricted funds of £893,120. Per the trustees' report, grant-in-aid income was reduced to 50% of the previous year and is expected not to continue after 2025/26, representing a significant risk to financial health, though current reserves are forecast to meet the deficit.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: £1,951,468 (held: £7.7m)
“The policy on reserves seeks to hold a level of unrestricted funds of £750,000 in addition to the Greenwich Trading Company’s cumulative reserve, thus £1,951,468 at 31 March 2025” — page 21
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: The Greenwich Trading Company Ltd
“The Charity has a wholly owned trading subsidiary, The Greenwich Trading Company Ltd, which undertakes the commercial activities of the Old Royal Naval College.” — page 16
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 4 of 6 completeness components.

Property (HM Land Registry)

3 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2025)

Total income
£7.2m
Total spending
£8.1m
Cost of raising funds
£1.2m
Reserves (reported)
£3.0m
Employees
83

Reported reserves equal ~4.4 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (57% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 17.0% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Greenwich

Income and spending

Financial year endIncomeSpending
31/03/2025£7.2m£8.1m
31/03/2024£6.5m£7.8m
31/03/2023£7.1m£7.0m
31/03/2022£5.9m£6.1m
31/03/2021£6.0m£5.9m

Common questions

Is THE GREENWICH FOUNDATION FOR THE OLD ROYAL NAVAL COLLEGE financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a consolidated deficit for the year with a net movement in funds of £814,492, driven by a deficit in unrestricted funds of £893,120. Per the trustees' report, grant-in-aid income was reduced to 50% of the previous year and is expected not to continue after 2025/26, representing a significant risk to financial health, though current reserves are forecast to meet the deficit. Its FY2025 accounts were audited by Crowe U.K. LLP.

Who funds THE GREENWICH FOUNDATION FOR THE OLD ROYAL NAVAL COLLEGE?

Funders whose own accounts filings name THE GREENWICH FOUNDATION FOR THE OLD ROYAL NAVAL COLLEGE as a grant recipient include THE ROSE FOUNDATION, THE CHARLES SKEY CHARITABLE TRUST, THE WILLIAM ALLEN YOUNG CHARITABLE TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE ROSE FOUNDATIONFY2024£13k
THE CHARLES SKEY CHARITABLE TRUSTFY2023£10kArts, culture, heritage or science
THE ROSE FOUNDATIONFY2023£5kCreation of a passage between two basement rooms
THE ROSE FOUNDATIONFY2021£5kRefurbishment of one of the magnificent lanterns
THE ROSE FOUNDATIONFY2021£5kContribution towards a new disabled lift
THE ROSE FOUNDATIONFY2023£5kCreation of a passage between two basement rooms
THE WILLIAM ALLEN YOUNG CHARITABLE TRUSTFY2025£3k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
UK government01/04/2024£350kGrant Funding for Old Royal Naval College
UK government01/04/2023£779kGrant Funding for Old Royal Naval College
UK government01/04/2021£779kTHE GREENWICH FOUNDATION FOR THE OLD ROYAL NAVAL COLLEGE GRANT FUNDING 2021-22
UK government15/02/2021£19kOld Royal Naval College
The National Lottery Heritage Fund27/07/2020£250k"COVID19: Old Royal Naval College"
UK government01/04/2020£779kGrant Funding for The Greenwich Foundation For The Old Royal Naval College (ORNC)
UK government01/04/2019£838kOld Royal Naval College Greenwich Grant 2016-2020
UK government01/04/2018£901kOld Royal Naval College Greenwich Grant 2016-2020
UK government20/03/2017£779kOld Royal Naval College Greenwich Grant 2016-2020
City Bridge Foundation10/01/2017£100kGrant to Greenwich Foundation for the Old Royal Naval College
The National Lottery Heritage Fund18/11/2014£3.3m"Conservation of the Painted Hall - Phase 2"
The National Lottery Heritage Fund13/06/2012£1.0m"Catalyst: Endowment, Greenwich Foundation"
The National Lottery Heritage Fund13/09/2011£364k"Conservation of the Painted Hall: Phase one the West Wall"
The National Lottery Heritage Fund29/04/2009£3k"Tudor Workshops: What Ho Henry (Story of London)"
The National Lottery Heritage Fund13/06/2007£2.0m"Discover Greenwich"
The National Lottery Heritage Fund29/07/2005£40k"SEE Greenwich"
The National Lottery Heritage Fund30/05/2000£1.7m"Royal Naval College, Queen Mary Court"
The National Lottery Heritage Fund30/05/2000£4.0m"Royal Naval College, King William Court"
The National Lottery Heritage Fund30/05/2000£4.5m"Royal Naval College, King Charles Court"
The National Lottery Heritage Fund25/03/1998£118k"Royal Naval College, Greenwich - Development Study"
UK government—£968kOld Royal Naval College Greenwich Grant 2016-2020

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with ROYAL MUSEUMS GREENWICH FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE GREENWICH FOUNDATION FOR THE OLD ROYAL NAVAL COLLEGE£7.2m——unclear—no doubt
ROYAL MUSEUMS GREENWICH FOUNDATION FY2025£492k—0unclear—no doubt
THE HM TOWER OF LONDON CHAPELS ROYAL FOUNDATION FY2025£297k——unclear—no doubt
NHS GREENWICH CHARITABLE FUNDS FY2026£134k—0unclear—no doubt
ROYAL INSTITUTION OF NAVAL ARCHITECTS FY2025£1.9m£100,001 - £110,0005unclear—no doubt
CREATE SPACE LONDON FY2025£132k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.