THE ROYAL INSTITUTION OF CORNWALL
Financial health, per its FY2025 accounts
The accounts state that the charity reported a total surplus of £651,889, largely driven by restricted capital grant income, while its underlying unrestricted trading deficit was £104,047. Free reserves stood at £359,685, which is below the trustees' stated policy target of three months' operating expenditure (£213,000 is the minimum, but the text notes the target is 'at least three months' and the actual is compared against the policy context of resilience). The trustees acknowledge structural funding challenges and reliance on grants for long-term sustainability.
What the accounts disclose
“The trustees aim to maintain unrestricted general funds at a figure equal to at least three months’ operating expenditure, requiring minimum reserves of £213,000.” — page 12
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (19/02/2021)
Trustees
- Andrew Allen
- JULIE SEYLER
- Justin Peter Heugh
- Karen Anna Bellamy
- Kevin Charles Brown
- Kira May Louise Orchard
- Mary Godwin
- Nerys Ann Watts
- Paul Holden
- RUTH GRIPPER
- Steven Mark WEBB
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.1m | £2.5m |
| 31/03/2024 | £1.3m | £963k |
| 31/03/2023 | £1.1m | £715k |
| 31/03/2022 | £611k | £733k |
| 31/03/2021 | £514k | £609k |
Common questions
Is THE ROYAL INSTITUTION OF CORNWALL financially healthy?
The accounts state that the charity reported a total surplus of £651,889, largely driven by restricted capital grant income, while its underlying unrestricted trading deficit was £104,047. Free reserves stood at £359,685, which is below the trustees' stated policy target of three months' operating expenditure (£213,000 is the minimum, but the text notes the target is 'at least three months' and the actual is compared against the policy context of resilience). The trustees acknowledge structural funding challenges and reliance on grants for long-term sustainability. Its FY2025 accounts were audited by bk plus Audit Limited.
Who funds THE ROYAL INSTITUTION OF CORNWALL?
Funders whose own accounts filings name THE ROYAL INSTITUTION OF CORNWALL as a grant recipient include THE CLARE MILNE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE CLARE MILNE TRUST | FY2022 | £3k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 18/09/2025 | £441k | "Transforming Cornwall Museum and Art Gallery" |
| The National Lottery Heritage Fund | 14/12/2022 | £250k | "Building Resilience at Royal Cornwall Museum" |
| The National Lottery Heritage Fund | 20/07/2020 | £159k | "COVID19: Royal Cornwall Museum" |
| The National Lottery Heritage Fund | 20/03/2017 | £550k | "Endowing the next 200 years" |
| The National Lottery Heritage Fund | 11/05/2016 | £97k | "Royal Cornwall Museum and Library Strategic Business Plan and Spatial Study" |
| The National Lottery Heritage Fund | 14/01/2015 | £63k | "Sir Hussey Vivian, Cornish Hero at Waterloo" |
| The National Lottery Heritage Fund | 16/09/2010 | £233k | "Ancient Civilisations - New Audiences" |
| The National Lottery Heritage Fund | 22/02/2007 | £50k | "Exhibition - Henry Scott Tuke RA" |
| The National Lottery Heritage Fund | 27/06/2003 | £43k | "Travelling Trees" |
| The National Lottery Heritage Fund | 09/02/1999 | £12k | "Alfred de Pass Old Master Drawing Conservation" |
| The National Lottery Heritage Fund | 11/01/1999 | £20k | "History of Christianity in Cornwall" |
| The National Lottery Heritage Fund | 26/09/1995 | £854k | "Royal Cornwall Museum, Truro" |