THE DAVID HOCKNEY FOUNDATION (UK) LIMITED

Registered charity 1127262 · accounts filings on the Charity Commission register · also known as DAVID HOCKNEY FOUNDATION (UK) LIMITED

Work to further the education of the public in the appreciation of art and in particular the creative art of today.

Objects

The Charity's objects ("Objects") are:1.1.1 the furtherance of the education of the public in the appreciation of art and in particular the creative art of today in all its branches in such ways and in such manner as shall be exclusively Charitable; and1.1.2 such other exclusively Charitable Purposes as the Trustees of the Charity may in their absolute discretion determine.

Area of benefit: UNDEFINED, IN PRACTICE

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

Causes: General Charitable Purposes · Arts/culture/heritage/science · website · Get email alerts

Latest income
£821k
Latest spending
£1.1m
Registered
2008
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at $212,186,000, supported by significant heritage assets valued at $1,005,043,000. The trustees confirm that the charity has adequate resources to continue operating for at least twelve months and is well placed to manage business risks despite an uncertain economic outlook.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: sufficient to provide a stable base for the Charitable Company's continuing activities (held: £212.2m)
“The Trustees’ policy is to maintain a level of reserves sufficient to provide a stable base for the Charitable Company's continuing activities.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 16
“During the year donations of $501k (2023: $945k) were received from David Hockney, one of the trustees, $417k (2023: $nil) were received from David Hockney Inc, and $64k (2023: $nil) from David Hockney UK Limited.”
“Included within creditors is $490k (2023: $200k owed from) owed to David Hockney at the year end.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 16
“During the year donations of $501k (2023: $945k) were received from David Hockney, one of the trustees, $417k (2023: $nil) were received from David Hockney Inc, and $64k (2023: $nil) from David Hockney UK Limited.”
“Included within creditors is $490k (2023: $200k owed from) owed to David Hockney at the year end.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 16
“During the year donations of $501k (2023: $945k) were received from David Hockney, one of the trustees, $417k (2023: $nil) were received from David Hockney Inc, and $64k (2023: $nil) from David Hockney UK Limited.”
“Included within creditors is $490k (2023: $200k owed from) owed to David Hockney at the year end.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 16
“During the year donations of $501k (2023: $945k) were received from David Hockney, one of the trustees, $417k (2023: $nil) were received from David Hockney Inc, and $64k (2023: $nil) from David Hockney UK Limited.”
“Included within creditors is $490k (2023: $200k owed from) owed to David Hockney at the year end.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Note 16
“During the year donations of $501k (2023: $945k) were received from David Hockney, one of the trustees, $417k (2023: $nil) were received from David Hockney Inc, and $64k (2023: $nil) from David Hockney UK Limited.”
“Included within creditors is $490k (2023: $200k owed from) owed to David Hockney at the year end.” — page 22
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. 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.

Corporate structure

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£821k
Total spending
£1.1m
Reserves (reported)
£817.0m
Employees
0

Per its annual return, largest income source: Donations and legacies (94% 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: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Throughout England And Wales · United States

Income and spending

Financial year endIncomeSpending
31/12/2024£821k£1.1m
31/12/2023£0£1.8m
31/12/2022£3k£1.7m
31/12/2021£11.9m£712k
31/12/2020£551k£519k

Common questions

Is THE DAVID HOCKNEY FOUNDATION (UK) LIMITED financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at $212,186,000, supported by significant heritage assets valued at $1,005,043,000. The trustees confirm that the charity has adequate resources to continue operating for at least twelve months and is well placed to manage business risks despite an uncertain economic outlook. Its FY2024 accounts were audited by Crowe U.K. LLP.