HISTORIC ROYAL PALACES

Registered charity 1068852 · accounts filings on the Charity Commission register

a)to manage, conserve, renovate and repair the Palaces (Hampton Court, Tower of London, Kensington Palace, Kew Palace, Banqueting House, Hillsborough Castle) to a high standard consistent with their status; b)to help everyone to learn about the Palaces, the skills required for their conservation and the wider story of how monarchs and people together have shaped society, by all appropriate means

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

Latest income
£138.6m
Latest spending
£108.4m
Registered
1998
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity achieved a record operating surplus of £45.3m and increased its free reserves to £20.0m, meeting its stated policy target. The trustees confirm the organization is well-placed to continue as a going concern, with forecasts indicating it will remain cash positive throughout the next financial year despite global economic uncertainties.

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

What the accounts disclose

Employees paid over £60,000: 91
“Excluding the Chief Executive, there were 91 staff during the year earning in excess of £60,000” — page 63
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: £20m (held: £20.0m)
“The free reserves target in 2024/25 was £20m, which we have achieved.” — page 15
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Historic Royal Palaces Enterprises Limited
“Historic Royal Palaces Enterprises Limited is a company wholly owned by Historic Royal Palaces. It forms the charity’s general trading arm” — page 7
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by The Comptroller and Auditor General, National Audit Office. Discloses 5 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

UK research funding (UKRI Gateway to Research)

Property (HM Land Registry)

15 registered titles in England and Wales held by the charity’s company or corporate body (7 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustpilot: Historic Royal Palaces scores 2.5/5 from 27 reviews (source) — reviews usually concern the charity’s shops or services, not its charitable performance.

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

Total income
£138.6m
Total spending
£108.4m
Cost of raising funds
£17.4m
Reserves (reported)
£20.0m
Employees
910

Reported reserves equal ~2.2 months of spending — below the median for charities its size (median 2.7 months; benchmarks).

Per its annual return, largest income source: Charitable activities (68% 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: 12.5% of total income — above the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: City Of London · City Of Westminster · Kensington And Chelsea · Kingston Upon Thames · Northern Ireland · Richmond Upon Thames · Surrey · Tower Hamlets

Income and spending

Financial year endIncomeSpending
31/03/2025£138.6m£108.4m
31/03/2024£134.4m£90.9m
31/03/2023£102.5m£82.1m
31/03/2022£54.4m£61.3m
31/03/2021£32.7m£53.9m

Common questions

Is HISTORIC ROYAL PALACES financially healthy?

Per its FY2025 accounts: The accounts state that the charity achieved a record operating surplus of £45.3m and increased its free reserves to £20.0m, meeting its stated policy target. The trustees confirm the organization is well-placed to continue as a going concern, with forecasts indicating it will remain cash positive throughout the next financial year despite global economic uncertainties. Its FY2025 accounts were audited by The Comptroller and Auditor General, National Audit Office.

Who funds HISTORIC ROYAL PALACES?

Funders whose own accounts filings name HISTORIC ROYAL PALACES as a grant recipient include THE JULIA RAUSING TRUST, THE FOYLE FOUNDATION, JOHN LYON'S CHARITY, THE ARDEOLA CHARITABLE 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 JULIA RAUSING TRUSTFY2025£6.0mTomorrow’s Tower Campaign (named learning centre)
THE FOYLE FOUNDATIONFY2022£250k
JOHN LYON'S CHARITYFY2025£250kthe Kensington Enrichment Programme for Schools
THE ARDEOLA CHARITABLE TRUSTFY2025£150k
THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENTFY2025£100kCultural Heritage
The Lord Leonard and Lady Estelle Wolfson FoundationFY2024£90kWellbeing:-grants to institutions
THE CHARLES WOLFSON CHARITABLE TRUSTFY2022£50kWelfare
WILLIAM KENDALL'S CHARITY (WAX CHANDLERS COMPANY)FY2023£43kPersons in Need Fund
DRAPERS CHARITABLE FUNDFY2024£30kNot specified in list, but mentioned in text as receiving grant
THE BILLMEIR CHARITABLE TRUSTFY2023£25kDonations
THE SANDERSON FOUNDATIONFY2025£20k
NATIONAL ART COLLECTIONS FUNDFY2024£20kLondon
THE JOHN S COHEN FOUNDATIONFY2023£11kEducation & Academic
THE JOHN S COHEN FOUNDATIONFY2025£10kEducation & Academic
MARC FITCH FUNDFY2025£10kBuilding The White Tower: A Historic and Petrological Analysis of the Flamstead Tower Stairs
DR RADCLIFFE'S TRUSTFY2025£8kStonemason apprenticeship/ changed to glazier
The William Brake FoundationFY2022£5k
THE PHILIP MARSDEN FAMILY CHARITABLE TRUSTFY2023£5k
THE BILLMEIR CHARITABLE TRUSTFY2025£2k
THE BILLMEIR CHARITABLE TRUSTFY2024£2k
THE PHILIP MARSDEN FAMILY CHARITABLE TRUSTFY2024£940
WILLIAM KENDALL'S CHARITY (WAX CHANDLERS COMPANY)FY2022£650Greater London Fund
THE WILLIE AND MABEL MORRIS CHARITABLE TRUSTFY2022£500
THE WILLIE AND MABEL MORRIS CHARITABLE TRUSTFY2023£500
THE LECHE TRUSTFY2025£0Historic Buildings

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund03/12/2024£5.0m"Transforming the Tower of London Schools and Community Programme"
UK government23/05/2024£134kHRP REsearch Vault for HEritAge Science CoLlections (REVEAL)
UK government31/03/2023£201kRe-opening of the Wolsey Rooms and re-interpretation of an iconic Tudor Art collection
UK government18/10/2022£271kHenry VIII on Tour: Landscape, Communities and Performance
UK government18/10/2022£268kHenry VIII on Tour: Landscape, Communities and Performance
UK government01/04/2022£117kHenry VIII on Tour: Landscape, Communities and Performance
UK government01/04/2021£3.2mHistoric Royal Palaces Maintenance Award
UK government01/04/2021£2.9mHistoric Royal Palaces Portfolio of Grants for Programmes of Major Works
UK government05/01/2021£7kHampton Court Palace, London
UK government05/01/2021£4kKensington Palace, London
UK government18/12/2020£2kBanqueting House, London
UK government18/12/2020£7kThe Queen's Cottage, Kew Gardens
The National Lottery Heritage Fund06/07/2020£220k"COVID19: Historic Royal Palaces"
The National Lottery Heritage Fund19/01/2016£5.0m"Hillsborough Castle: opening doors, exploring stories, inspiring the future - for everyone"
The National Lottery Heritage Fund05/03/2009£999k"'Welcome to Kensington - a palace for everyone'"
The National Lottery Heritage Fund06/06/2003£1.6m"Kew Palace in Kew Gardens - a Royal Domestic Retreat"
The National Lottery Heritage Fund26/07/2000£5.8m"Tower Environs Scheme - Understanding the Tower"
The National Lottery Heritage Fund25/07/1995£500k"Tower of London and its Environs, Tower Hamlets, London"
UK government—£82kPortable Palaces: Royal Tents and Timber Lodgings 1509-1603

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 HM TOWER OF LONDON CHAPELS ROYAL FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
HISTORIC ROYAL PALACES£138.6m—91within—no doubt
THE HM TOWER OF LONDON CHAPELS ROYAL FOUNDATION FY2025£297k——unclear—no doubt
THE CHORAL FOUNDATION, THE CHAPEL ROYAL, HAMPTON COURT PALACE FY2025£319k—0unclear—no doubt
THE ROYAL COLLECTION TRUST FY2026£85.3m——unclear—no doubt
THE ROYAL PARKS [LIMITED] FY2025£109.9m£180,001 - £190,000—within—no doubt
THE PALACE TRUST FY2025£2.2m——above—no doubt

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