THE ROYAL INSTITUTION OF CORNWALL

Registered charity 1150749 · accounts filings on the Charity Commission register · also known as RCM, ROYAL INSTITUTION OF CORNWALL LTD

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Latest income
£3.1m
Latest spending
£2.5m
Registered
2013
Accounts read
FY2025

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

Reserves policy: three months' operating expenditure (held: £360k)
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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by bk plus Audit Limited. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£3.1m
Total spending
£2.5m
Cost of raising funds
£45k
Reserves (reported)
£360k
Employees
24

Reported reserves equal ~1.8 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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

Operates in: Cornwall

Income and spending

Financial year endIncomeSpending
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

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

FunderYearAmount
THE CLARE MILNE TRUSTFY2022£3k

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund18/09/2025£441k"Transforming Cornwall Museum and Art Gallery"
The National Lottery Heritage Fund14/12/2022£250k"Building Resilience at Royal Cornwall Museum"
The National Lottery Heritage Fund20/07/2020£159k"COVID19: Royal Cornwall Museum"
The National Lottery Heritage Fund20/03/2017£550k"Endowing the next 200 years"
The National Lottery Heritage Fund11/05/2016£97k"Royal Cornwall Museum and Library Strategic Business Plan and Spatial Study"
The National Lottery Heritage Fund14/01/2015£63k"Sir Hussey Vivian, Cornish Hero at Waterloo"
The National Lottery Heritage Fund16/09/2010£233k"Ancient Civilisations - New Audiences"
The National Lottery Heritage Fund22/02/2007£50k"Exhibition - Henry Scott Tuke RA"
The National Lottery Heritage Fund27/06/2003£43k"Travelling Trees"
The National Lottery Heritage Fund09/02/1999£12k"Alfred de Pass Old Master Drawing Conservation"
The National Lottery Heritage Fund11/01/1999£20k"History of Christianity in Cornwall"
The National Lottery Heritage Fund26/09/1995£854k"Royal Cornwall Museum, Truro"