THE V&A FOUNDATION

Registered charity 1144508 · accounts filings on the Charity Commission register

The objects of the Foundation, as set out in its Memorandum and Articles are for the benefit of the public, to further, in so manner as the Trustees see fit, all or any of the objects from time to time of the Victoria and Albert Museum (V&A).

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

Latest income
£251k
Latest spending
£1.3m
Registered
2011
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves were £8.3m against a stated policy target of £10,000, indicating a significant surplus. The trustees confirm the financial position remains strong, supported by investment returns, giving them confidence to continue making distributions and delivering on charitable objectives.

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

What the accounts disclose

Reserves policy: £10,000 (held: £8.3m)
“The Trustees have agreed that as the Foundation has very low running costs, £10,000 of unrestricted reserves should be retained to cover administrative and compliance costs.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Foundation has one Trustee in common with the Victoria and Albert Museum. While the museum provides accounting and administrative services, these are charged for on an arm’s length basis... During the year grants of £977,000 were payable by the Foundation to the Museum
“During the year grants of £977,000 were payable by the Foundation to the Museum (2024: £574,000). At year end no grant remained to be paid over to the museum. (2024: £nil)”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Moore Kingston Smith LLP. Discloses 4 of 6 completeness components.

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 31/03/2023)

Total income
£20.2m
Total spending
£1.0m
Cost of raising funds
£176k
Reserves (reported)
£6.7m
Employees
0

Reported reserves equal ~79.7 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (99% 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: 0.9% of total income — below the median for charities its size (2.9%) (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
31/03/2025£251k£1.3m
31/03/2024£93k£827k
31/03/2023£20.2m£1.0m
31/03/2022£1.1m£903k
31/03/2021£137k£459k

Common questions

Is THE V&A FOUNDATION financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves were £8.3m against a stated policy target of £10,000, indicating a significant surplus. The trustees confirm the financial position remains strong, supported by investment returns, giving them confidence to continue making distributions and delivering on charitable objectives. Its FY2025 accounts were audited by Moore Kingston Smith LLP.

Government & lottery funding

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

FunderDateAmountPurpose
UK government08/07/2024£77kReanimating Tibetan Heritage: Transforming collections, Empowering communities
UK government06/03/2024£485kPublic Sector Decarbonisation Scheme (Phase 3c)
UK government13/02/2024£122kAHRC Collaborative Doctoral Partnership Coordination Group
UK government09/03/2023£750kInvestment Funds
UK government27/02/2023£21kPerceptive Enhanced Realities of Colored collEctions through AI and Virtual Experiences
UK government27/02/2023£58kPerceptive Enhanced Realities of Colored collEctions through AI and Virtual Experiences
UK government14/09/2022£78kScheme Coordination and Cohort-Building: Early Career Research Fellowships in Cultural and Heritage IROs
UK government14/09/2022£77kScheme Coordination and Cohort-Building: Early Career Research Fellowships in Cultural and Heritage IROs
UK government01/04/2022£-40kPreserving and sharing born-digital and hybrid objects from and across the National Collection
UK government01/04/2022£5kVideogames: Perspectives from the Museum
UK government01/04/2022£28kExperimentation and Placemaking: connecting communities with the technological and innovation histories of London's early porcelain manufacturers
UK government01/04/2022£37kScheme Coordination and Cohort-Building: Early Career Research Fellowships in Cultural and Heritage IROs
UK government01/04/2022£-2kShaping Spaces - Architectural Models in Context.
UK government01/04/2022£-157Design Impact, Archival Discovery, and Digital Engagement: Expanding the Story of Modernist E. McKnight Kauffer
UK government31/01/2022£18kExperimentation and Placemaking: connecting communities with the technological and innovation histories of London's early porcelain manufacturers
UK government19/04/2021£40kShaping Spaces - Architectural Models in Context.
UK government01/04/2019£202kPreserving and sharing born-digital and hybrid objects from and across the National Collection
UK government01/04/2018£47kALB - UKRI - Videogames: Perspectives from the Museum
UK government01/04/2018£17kALB - UKRI - Design Impact, Archival Discovery, and Digital Engagement: Expanding the Story of Modernist E. McKnight Kauffer
UK government01/04/2018£17kALB - UKRI - Design Impact, Archival Discovery, and Digital Engagement: Expanding the Story of Modernist E. McKnight Kauffer
The National Lottery Heritage Fund13/06/2012£5.0m"Catalyst: Endowment - Victoria and Albert Museum"
UK government—£200kDCMS/Wolfson Museums and Galleries Improvement Fund

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE VARDY FOUNDATION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE V&A FOUNDATION£251k—0above—no doubt
THE VARDY FOUNDATION FY2025£1.7m—0unclear—no doubt
VARGA FAMILY FOUNDATION FY2025£337k—0above—no doubt
THE VTCT FOUNDATION FY2025£111k—0unclear—no doubt
THE BRITISH MUSEUM FRIENDS FY2025£6.9m—0unclear—no doubt
THE ZAHA HADID FOUNDATION FY2025£9.2m——unclear—no doubt

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