THE ROYAL ACADEMY OF ARTS

Registered charity 1125383 · accounts filings on the Charity Commission register · Wikidata: Q270920 · Wikipedia

On 1 September 2009, all the assets, net liabilities and undertakings of the Royal Academy of Arts, charity number 212798, were transfered to The Royal Academy of Arts, charity number 1125383, company number 6298947.From 1 September 2009 therefore, the activities of The Royal Academy of Arts, charity number 1125383, are the promotion of Arts of Design through exhibitions and education.

Objects

1. THE PROMOTION OF THE ARTS OF DESIGN.2. THE EDUCATION OF THE PUBLIC IN THE CREATION, ENJOYMENT, APPRECIATION AND UNDERSTANDING OF THE ARTS, THROUGH EXHIBITIONS, EDUCATIONAL PROGRAMMES AND DEBATE BY ALL CHARITABLE MEANS AS THE MEMBERS OF COUNCIL MAY THINK FIT.

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 · The Prevention Or Relief Of Poverty · Arts/culture/heritage/science · website · Get email alerts

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

Latest income
£37.1m
Latest spending
£40.7m
Registered
2008
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net expenditure of £4.1m for core activities, an improvement from the prior year's £10.9m, driven by cost savings and a restructure. However, the trustees report that free reserves are in a deficit of £5.3m, which is below the stated policy target of £4.5m. Despite this deficit, the trustees confirm sufficient funding and liquidity for the foreseeable future, noting that committed credit facilities were not utilised.

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

What the accounts disclose

Reserves policy: £4.5m (held: £-5.3m)
“the trustees consider that an appropriate level of free reserves would be in the order of £ 4.5m to be held by way of operating contingency at all times” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: R.A. Enterprises Limited, Burlington House Limited, RA (Arts) Limited
“The Royal Academy has three wholly owned trading subsidiaries: R.A. Enterprises Limited (company no. 1666333) , Burlington House Limited (company no. 2216104) , and RA (Arts) Limited (company no. 2836364).” — page 7
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Crowe UK LLP. Discloses 5 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.

From the charity’s annual return (Part A, self-declared)

Answers and figures the charity gave in Part A of its annual return to the Charity Commission. They are self-declared: not verified by the Commission or by this site. Only positive answers and figures are listed; items not listed are simply not shown.

Self-declared on the annual return for the financial year ending 31/08/2025

  • Employees paid over £60,000: 34 (£60,001–£70,000: 11; £70,001–£80,000: 8; £80,001–£90,000: 5; £90,001–£100,000: 1; £100,001–£110,000: 2; £120,001–£130,000: 2; £130,001–£140,000: 1; £150,001–£200,000: 2; £200,001–£250,000: 2)
  • Has a trading subsidiary

Self-declared on the annual return for the financial year ending 31/08/2024

  • Volunteers: 8
  • Employees paid over £60,000: 30 (£60,001–£70,000: 11; £70,001–£80,000: 6; £80,001–£90,000: 4; £90,001–£100,000: 2; £100,001–£110,000: 3; £130,001–£140,000: 2; £150,001–£200,000: 1; £200,001–£250,000: 1)
  • Has a trading subsidiary

Self-declared on the annual return for the financial year ending 31/08/2023

  • Volunteers: 6
  • Employees paid over £60,000: 26 (£60,001–£70,000: 11; £70,001–£80,000: 6; £80,001–£90,000: 1; £90,001–£100,000: 3; £100,001–£110,000: 1; £130,001–£140,000: 2; £140,001–£150,000: 1; £200,001–£250,000: 1)
  • Has a trading subsidiary

Source: this charity’s annual returns on the Charity Commission register.

In the news

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

Property (HM Land Registry)

4 registered titles in England and Wales held by the charity’s company or corporate body (2 freehold); recorded price paid £1.6m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustpilot: Royal Academy of Arts scores 2.1/5 from 11 reviews (source) — reviews usually concern the charity’s shops or services, not its charitable performance.

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

Total income
£37.1m
Total spending
£40.7m
Cost of raising funds
£11.1m
Reserves (reported)
£0
Employees
334

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (48% 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: 29.9% of total income — in the top quarter for charities its size (median 3.7%) (benchmarks).

Register events

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£37.1m£40.7m
31/08/2024£38.1m£46.6m
31/08/2023£43.8m£36.7m
31/08/2022£43.4m£33.2m
31/08/2021£36.7m£30.8m

Common questions

Is THE ROYAL ACADEMY OF ARTS financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £4.1m for core activities, an improvement from the prior year's £10.9m, driven by cost savings and a restructure. However, the trustees report that free reserves are in a deficit of £5.3m, which is below the stated policy target of £4.5m. Despite this deficit, the trustees confirm sufficient funding and liquidity for the foreseeable future, noting that committed credit facilities were not utilised. Its FY2025 accounts were audited by Crowe UK LLP.

Who funds THE ROYAL ACADEMY OF ARTS?

Funders whose own accounts filings name THE ROYAL ACADEMY OF ARTS as a grant recipient include THE MASTER CHARITABLE TRUST, Royal Academy Trust, GARFIELD WESTON FOUNDATION, THE ROTHSCHILD FOUNDATION, THE MANNY AND BRIGITTA DAVIDSON CHARITABLE FOUNDATION.

Shared trustees with funders

Register facts shown side by side: a person serves as trustee of both this charity and a funder whose accounts record grants to it. Shared trusteeship is lawful and common; well-run charities manage it through declared-interest procedures.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
THE MASTER CHARITABLE TRUSTFY2022£5.0m
Royal Academy TrustFY2021£3.0mAnnual donation and other donations to the Royal Academy for revenue and capital projects
THE MASTER CHARITABLE TRUSTFY2021£2.5m
Royal Academy TrustFY2024£1.7mAnnual donation
THE JOHN R. MURRAY CHARITABLE TRUSTFY2022Unverified read£1.5mAdvancement of education
Royal Academy TrustFY2022£1.0mAnnual donation and other donations to the Royal Academy for revenue and capital projects
GARFIELD WESTON FOUNDATIONFY2023£1.0mArts
THE ROTHSCHILD FOUNDATIONFY2025£820k
Royal Academy TrustFY2025£500kBurlington Project - Phase III
Royal Academy TrustFY2025£462kRoyal Academy Schools
THE MANNY AND BRIGITTA DAVIDSON CHARITABLE FOUNDATIONFY2024£417k
Royal Academy TrustFY2025£400kExhibitions programme
National Philanthropic Trust UK LimitedFY2021£375k
HUO FAMILY FOUNDATION (UK) LIMITEDFY2024£317k
HUO FAMILY FOUNDATION (UK) LIMITEDFY2025£275k
Royal Academy TrustFY2024£200kBurlington Project - Phase III
Royal Academy TrustFY2025£180kHeinz Architecture Programme
GENESIS AMERICA (UK) LIMITEDFY2025£175kGrants in support of the Genesis Foundation
CHK FoundationFY2022£103kGrants to charitable institutions
THE JAGCLIF CHARITABLE TRUSTFY2023£89kdonation
THE ROTHSCHILD FOUNDATIONFY2022£84k
PRISM THE GIFT FUNDFY2024£77kArt and Cultural Heritage
THE JOHN R. MURRAY CHARITABLE TRUSTFY2021£50kAdvancement of education
THE HOTSPUR TRUSTFY2024Unverified read£50k
THE RISMAN FOUNDATIONFY2025£50kBAFTA scholarship, exhibition and programme
THE ROTHSCHILD FOUNDATIONFY2021£50kGrant paid during the year
PAUL SMITH'S FOUNDATIONFY2022£48k
THE PHILIP MARSDEN FAMILY CHARITABLE TRUSTFY2025£26k
PAUL SMITH'S FOUNDATIONFY2025£25k
THE HOTSPUR TRUSTFY2026£25k
DREAMCHASINGFY2021£25kGrant for student bursaries
PAUL SMITH'S FOUNDATIONFY2021£25kGrants and donations
PAUL SMITH'S FOUNDATIONFY2024£25k
THE ARCHIE SHERMAN CHARITABLE TRUSTFY2022£25kArts and culture and general charitable causes
THE AMPERSAND FOUNDATIONFY2023£25k
THE DORFMAN FOUNDATIONFY2021£25kGeneral charitable purpose donations
Royal Academy TrustFY2025£23kLearning programme
THE PAUL MELLON CENTRE FOR STUDIES IN BRITISH ARTFY2023£22kCuratorial Research Grants
ATKIN CHARITABLE FOUNDATIONFY2024Unverified read£20k
The William Brake FoundationFY2024£20k
THE RISMAN FOUNDATIONFY2024£18kArts
THE ARCHIE SHERMAN CHARITABLE TRUSTFY2025£17kArts and culture
THE ARCHIE SHERMAN CHARITABLE TRUSTFY2024£17k
The Marks Family Charitable TrustFY2026£15k
PAUL SMITH'S FOUNDATIONFY2023£15k
Royal Academy TrustFY2025£11kLibrary
GRAFF FOUNDATIONFY2025£11k
THE A M CHARITABLE TRUSTFY2025£11k
THE IAN & NATALIE LIVINGSTONE CHARITABLE TRUSTFY2025£10kto help preserve the RA collection and support their education and learning programs.
ATKIN CHARITABLE FOUNDATIONFY2025Unverified read£10k

Grants marked “Unverified read” were flagged by automated checks as possibly misread from the funder’s filed accounts. They are listed, but left out of the totals, counts and funder relationships this site computes.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund13/07/2020£250k"COVID-19: Royal Academy of Arts"
The National Lottery Heritage Fund24/04/2012£12.7m"Revealing, celebrating and exploring the heritage of the Royal Academy of Arts"
The National Lottery Heritage Fund11/01/2008£34k"J.F. Lewis Drawings Project"
The National Lottery Heritage Fund13/05/1998£4.1m"Royal Academy of Arts - Galleries & Courtyard Improvements"
The National Lottery Heritage Fund11/12/1996£112k"Book Collection Conservation, Royal Academy of Arts"

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.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE ROYAL ACADEMY OF ARTS£37.1m—0unclear—no doubt
THE FRIENDS OF THE ROYAL ACADEMY FY2025£11.4m—0above—no doubt
Royal Academy Trust FY2025£5.4m—0unclear—no doubt
THE ROYAL ACADEMY OF DRAMATIC ART FY2025£16.7m—0unclear—no doubt
ROYAL COLLEGE OF ART STUDENTS' UNION FY2025£644k—0above—no doubt
ROYAL SOCIETY OF BRITISH ARTISTS LIMITED FY2025£45k—0unclear—no doubt

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