DULWICH PICTURE GALLERY

Registered charity 1171287 · accounts filings on the Charity Commission register

The charity took over on 1 April 2017 from the previous unincorporated charity no 1040942 set up in 1994 to preserve and maintain Dulwich Picture Gallery and its collection for the enjoyment of the public, mount art exhibitions and displays, and run a programme of public events and educational activities. Earlier records can be found at http://www.dulwichpicturegallery.org.uk/about/what-we-do.

Causes: Education/training · Arts/culture/heritage/science · website · Get email alerts

Latest income
£5.6m
Latest spending
£5.3m
Registered
2017
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity achieved a net surplus of £926k for the year ended 31 March 2025, driven by increased trading income and investment gains. However, the Trustees note that current free reserves of £683k are below the desired minimum level of approximately £1,250k, with plans in place to build reserves over the coming years.

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

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £683k; policy: three months of operational expenditure plus DPGE salaries, currently estimated to be approximately £1,250k)
“The Trustees recognise that current reserves are below the desired minimum level”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustees contributed £39k as Patrons
“During the year, Trustees contributed a total of £39k (2024: £17k) to the gallery as Patrons through our Desenfans Circle membership and other donations.” — page 44
“Chantelle Culshaw (Deputy Director and Company Secretary of DPG) is the Chair of the Christina Smith Foundation. The Foundation made grant of £75,000 towards the Future Plan project during the year.” — page 44
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grant from Christina Smith Foundation (Chair is Deputy Director)
“During the year, Trustees contributed a total of £39k (2024: £17k) to the gallery as Patrons through our Desenfans Circle membership and other donations.” — page 44
“Chantelle Culshaw (Deputy Director and Company Secretary of DPG) is the Chair of the Christina Smith Foundation. The Foundation made grant of £75,000 towards the Future Plan project during the year.” — page 44
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Dulwich Picture Gallery Enterprises Ltd
“Dulwich Picture Gallery Enterprises Ltd (DPGE) is a company limited by shares, with 100% of the share capital being held by Dulwich Picture Gallery.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP. Discloses 4 of 6 completeness components.

Property (HM Land Registry)

4 registered titles in England and Wales held by the charity’s company or corporate body (3 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

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

Total income
£5.6m
Total spending
£5.3m
Cost of raising funds
£1.6m
Reserves (reported)
£683k
Employees
59

Reported reserves equal ~1.5 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (57% 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: 27.9% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Southwark

Income and spending

Financial year endIncomeSpending
31/03/2025£5.6m£5.3m
31/03/2024£5.6m£4.6m
31/03/2023£4.0m£4.0m
31/03/2022£3.1m£3.5m
31/03/2021£4.3m£4.0m

Common questions

Is DULWICH PICTURE GALLERY financially healthy?

Per its FY2025 accounts: The accounts state that the charity achieved a net surplus of £926k for the year ended 31 March 2025, driven by increased trading income and investment gains. However, the Trustees note that current free reserves of £683k are below the desired minimum level of approximately £1,250k, with plans in place to build reserves over the coming years. Its FY2025 accounts were audited by Buzzacott Audit LLP.

Who funds DULWICH PICTURE GALLERY?

Funders whose own accounts filings name DULWICH PICTURE GALLERY as a grant recipient include THE MASTER CHARITABLE TRUST, THE FIDELITY UK FOUNDATION, GARFIELD WESTON FOUNDATION, KUSUMA TRUST UK, THE PRUDENCE TRUST.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
THE MASTER CHARITABLE TRUSTFY2025£510kAdvancement of the arts, culture, heritage or science
THE FIDELITY UK FOUNDATIONFY2023£474kArts, culture and heritage
GARFIELD WESTON FOUNDATIONFY2024£250kArts
KUSUMA TRUST UKFY2025£200kDulwich Picture Gallery Grounds
KUSUMA TRUST UKFY2024£200kDulwich Picture Gallery Grounds
THE PRUDENCE TRUSTFY2021£92kfor their social prescribing programme with the Tessa Jowell Health Centre
THE ELIZABETH CAYZER CHARITABLE TRUSTFY2023£50kBerthe Morisot and Rubens exhibitions
THE LINBURY TRUSTFY2024£45kA grant focused on energy efficiency towards a ground source heat pump.
THE ELIZABETH CAYZER CHARITABLE TRUSTFY2025£34kexhibition catalogues
THE SANDERSON FOUNDATIONFY2025£10k
THE LOVINGTON FOUNDATIONFY2025£10k
THE WILLIAMS CHARITABLE TRUSTFY2025£10k
THE SANDERSON FOUNDATIONFY2024£10k
THE TIMOTHY FRANEY CHARITABLE FOUNDATIONFY2024£5k
THE WILLIAMS CHARITABLE TRUSTFY2024£5k
THE TIMOTHY FRANEY CHARITABLE FOUNDATIONFY2023£5k
THE IDLEWILD TRUSTFY2022£5k
ASSOCIATION OF INDEPENDENT MUSEUMSFY2023£4kAIM Arts Scholars Brighter Day Round 2 Grants
THE MARCHUS TRUSTFY2023£3k
THE FINNIS SCOTT FOUNDATIONFY2025£3k
THE CHRISTOPHER AND HENRY OLDFIELD TRUSTFY2023£2k
THE TIMOTHY FRANEY CHARITABLE FOUNDATIONFY2025£2k
THE CHRISTOPHER AND HENRY OLDFIELD TRUSTFY2022£1k

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund04/09/2024£246k"Open Art: Dulwich Picture Gallery’s vision to restore our grounds and connect more people with our heritage."
London Borough of Southwark31/03/2024£5kGrant to Dulwich Picture Gallery
City Bridge Foundation20/10/2023£2kGrant to Dulwich Picture Gallery
London Borough of Southwark31/03/2023£7kGrant to Dulwich Picture Gallery
London Borough of Southwark31/03/2023£5kGrant to Dulwich Picture Gallery
The National Lottery Heritage Fund07/08/2019£87k"Journeys: art, identity and belonging"
The National Lottery Heritage Fund07/06/2017£72k"Past Stories, Future Voices: Sharing 200 years of Dulwich Picture Gallery"
London Borough of Southwark01/04/2017£2kGrant to Dulwich Picture Gallery
London Borough of Southwark01/04/2016£3kGrant to Dulwich Picture Gallery
The National Lottery Heritage Fund03/06/2015£35k"Dulwich Picture Gallery's Spotlight on Fashion"
City Bridge Foundation12/03/2015£40kGrant to Dulwich Picture Gallery
The National Lottery Heritage Fund08/10/2014£87k"Strategic Development"
The National Lottery Heritage Fund13/06/2012£2.0m"Catalyst: Endowments - Dulwich Picture Gallery"
The National Lottery Heritage Fund15/05/2002£49k"Building on Our Past"
The National Lottery Heritage Fund09/02/1999£68k"Art Icebreaker"
The National Lottery Heritage Fund03/02/1998£5.0m"Dulwich Picture Gallery - Refurbishment"

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

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

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
DULWICH PICTURE GALLERY£5.6m——below—no doubt
THE DULWICH ESTATE FY2025£14.6m——below—no doubt
DULWICH FESTIVAL FY2025£115k—0unclear—no doubt
THE SAATCHI GALLERY, LONDON FY2024£4.9m——below—noted
THE SHOWROOM GALLERY LTD. FY2025£409k—0above—no doubt
BANKSIDE GALLERY LIMITED FY2024£448k——unclear—no doubt

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