Royal Academy Trust

Registered charity 1067270 · accounts filings on the Charity Commission register · also known as ROYAL ACADEMY DEVELOPMENT TRUST, THE ROYAL ACADEMY TRUST

The object of the Trust is the maintenance, development, advancement and preservation of the Royal Academy of Arts.

Objects

THE MAINTENANCE AND PRESERVATION OF THE ROYAL ACADEMY OF ARTS IN LONDON THROUGH WHICH IN THE WORDS OF ITS INSTRUMENT OF FOUNDATION AND IN ACCORDANCE WITH ITS LAWS AS APPROVED BY THE SOVEREIGN THE ARTS OF DESIGN MAY BE PROMOTED INCLUDING:- (1) THE MAINTENANCE PRESERVATION AND CARE OF ANY BUILDINGS AND POSSESSIONS AT ANY TIME OR FROM TIME TO TIME OCCUPIED OR OWNED BY THE ROYAL ACADEMY OF ARTS AND HELD ON CHARITABLE TRUSTS (2) THE PRESENTATION OF THE ANNUAL EXHIBITION (AS DEFINED IN SECTION VI OF THE LAWS OF THE ROYAL ACADEMY OF ARTS IN LONDON) AND LOAN EXHIBITIONS PREPARED AND MOUNTED FOR THE BENEFIT BOTH OF SCHOLAR AND LAYMAN (3) THE MAINTENANCE AND PRESERVATION OF THE ROYAL ACADEMY SCHOOLS AS A MEANS OF PROVIDING TRAINING IN THE FINE ARTS (4) THE PRESERVATION OF DIPLOMA WORKS AND OF A LIBRARY OF THE ROYAL ACADEMY OF ARTS AS A CENTRE OF REFERENCE FOR THE FINE ARTS (5) THE MAINTENANCE PRESERVATION AND ADVANCEMENT OF SUCH OTHER CHARITABLE OBJECTS AND PURPOSES AS ARE FROM TIME TO TIME SUPPORTED BY THE ROYAL ACADEMY OF ARTS

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Arts/culture/heritage/science · Grant history (this charity is a funder) · website · Get email alerts

Registered contact address: Westminster, London, England (from the postcode on the register)

Financial health, per its FY2025 accounts

The accounts state that total funds increased to £56.2m, with unrestricted funds standing at £18.6m. The charity holds no stated reserves policy target, noting that trustees wish to balance immediate needs with sustained support. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

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

What the accounts disclose

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

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

• Bullying and harassment policy and procedures
• Complaints handling
• Complaints policy and procedures
• 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
• Safeguarding policy and procedures
• Safeguarding vulnerable beneficiaries
• Serious incident reporting policy and procedures
• Trustee conflicts of interest policy and procedures
• Trustee expenses policy and procedures

In the news

Recent coverage mentioning this charity by name (automated match; headlines belong to their publishers).

• Two new trustees appointed to the Royal Academy Trust. fadmagazine.com · 10/05/2024
• Royal Academy Trust appoints new Chair artsprofessional.co.uk · 09/10/2023
• New appointments to Royal Academy Trust artsprofessional.co.uk · 16/08/2023
• Two new trustees at Royal Academy Trust artsprofessional.co.uk · 30/05/2023
• ARTS | Royal Academy Trust head to resign news.bbc.co.uk · 25/04/2002

Structured financials (annual return, FY ending 31/08/2025)

Reported reserves equal ~49.1 months of spending — in the top quarter for charities its size (median 4.7 months; benchmarks).

Per its annual return, cost of raising funds: 2.5% of total income — below the median for charities its size (5.3%) (benchmarks).

Trustees · trustee networks

• Batia Ofer
• Bianca Roden
• Esha Arora
• Ivor Braka
• Katy Wickremesinghe
• Lisa Reuben
• Martin Ephson OBE
• Natalie Livingstone · trustee of 1 other charity
• Neil de Crescenzo
• PESH FRAMJEE · trustee of 1 other charity
• Paulo Pereira
• Peter Rowland Tudor St John
• Rebecca Salter PRA · trustee of 2 other charities
• Rosemary Leith · trustee of 1 other charity
• Sally Tennant
• Scott Mead
• Sebastien Mazella di Bosco
• Simon Philip Zbigniew Wallis OBE · trustee of 1 other charity
• Stefan Bollinger

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

Operates in: Throughout England And Wales

Income and spending

Common questions

Known funders

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

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 THE FRIENDS OF THE ROYAL ACADEMY.

• THE FRIENDS OF THE ROYAL ACADEMY income £11.4m
• ROYAL COLLEGE OF ART STUDENTS' UNION income £644k
• ROYAL ACADEMY OF MUSIC income £33.2m
• THE NATIONAL GALLERY TRUST income £8.4m
• THE ROYAL ACADEMY OF ARTS income £37.1m
• ROYAL HOSPITAL SCHOOL CHARITABLE TRUST income £202k

Side by side with its peers

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