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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.

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

Latest income
£5.4m
Latest spending
£2.9m
Registered
1998
Accounts read
FY2025

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.

In the news

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

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

Total income
£5.4m
Total spending
£2.9m
Cost of raising funds
£135k
Reserves (reported)
£11.9m
Employees
1

Reported reserves equal ~49.1 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, cost of raising funds: 2.5% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/08/2025£5.4m£2.9m
31/08/2024£1.5m£2.1m
31/08/2023£1.5m£3.9m
31/08/2022£2.1m£1.2m
31/08/2021£951k£3.3m

Common questions

Is Royal Academy Trust financially healthy?

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. Its FY2025 accounts were audited by Crowe UK LLP.

Who funds Royal Academy Trust?

Funders whose own accounts filings name Royal Academy Trust as a grant recipient include THE DORFMAN FOUNDATION, REUBEN FOUNDATION, FRAZER TRUST, THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENT.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
THE DORFMAN FOUNDATIONFY2022£180k
REUBEN FOUNDATIONFY2024£159k
THE DORFMAN FOUNDATIONFY2023£13k
FRAZER TRUSTFY2022£3k
THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENTFY2022£2kCultural Heritage
THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENTFY2023£1kCultural Heritage

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.

FunderSimilar charities fundedAmount to them
THE ROTHSCHILD FOUNDATION3£2.5m
THE JOHN BOOTH CHARITABLE FOUNDATION3£46k
THE MASTER CHARITABLE TRUST2£10.3m
THE JOHN R. MURRAY CHARITABLE TRUST2£1.7m
PRISM THE GIFT FUND2£1.1m
THE BAND TRUST2£430k
THE JOHN S COHEN FOUNDATION2£45k
THE ROSE FOUNDATION2£45k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE ROYAL ACADEMY OF ARTS.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
Royal Academy Trust£5.4m—0unclear—no doubt
THE ROYAL ACADEMY OF ARTS FY2025£37.1m—0unclear—no doubt
THE FRIENDS OF THE ROYAL ACADEMY FY2025£11.4m—0above—no doubt
ROYAL ACADEMY OF MUSIC FY2025£33.2m——unclear14.3%no doubt
ROYAL ARTILLERY MUSEUM FY2024£825k—0above—no doubt
THE NATIONAL GALLERY TRUST FY2025£8.4m—0unclear—no doubt

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