THE 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.
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.
What the accounts disclose
“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
“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
“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
“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
“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
“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
Policies the charity declares
- Conflicting interests
- Risk management
Corporate structure
- Registered company of the charity Companies House 06637374
Company officers (Companies House)
- HOCKNEY, Richard Harry on trustee list
- GONÇALVES DE LIMA, Jean-Pierre not on trustee list
- KELLY, Kathryn Shannan on trustee list
- JUDA, David Franklin on trustee list
- HILL, Janine on trustee list
- KELLY, Kathryn Shannan
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- David Juda
- JANINE HILL
- Jean-Pierre Goncalves de Lima
- Kathryn Shannan Kelly
- Richard Harry Hockney
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.