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
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)
Cost of raising funds
£1.6m
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
- Received assets from another charity (24/02/2021) — per the register’s event history; asset transfers typically record mergers or reorganisations.
- Adeola Gay
- Benedict Brogan
- Cecil Quillen
- Dame JANET VITMAYER
- Helen Macintyre
- Jane Lunnon
- John Cox
- Jonathan Card
- Katy Wickremesinghe
- SIAN WILLIAMS
- Victoria Pinnington
Trustee list from the Charity Commission register (current, not historical).
Operates in: Southwark
Income and spending
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.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
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.
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Side by side with its peers
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