THE ROYAL BALLET SCHOOL
To train and educate outstanding classical ballet dancers for The Royal Ballet, Birmingham Royal Ballet and other top international dance companies.
Objects
THE PRIMARY OBJECT IS TO CONDUCT AND MAINTAIN THE SCHOOL IN ALL RESPECTS AS A CHARITY, AND TO APPLY THE PROPERTY AND INCOME OF THE SCHOOL FOR CHARITABLE PURPOSES ONLY. FURTHER OBJECTS ARE (I) TO CONDUCT A SCHOOL FOR THE EDUCATION OF BOYS AND GIRLS IN THE BALLET, AND FOR PROVIDING SCHOLASTIC EDUCATION FOR SUCH OF THE SAID BOYS AND GIRLS AS ARE BY LAW REQUIRED TO RECEIVE SUCH EDUCATION; (II) TO RECEIVE, EDUCATE AND TRAIN STUDENTS IN BALLET, DRAMA, DANCING, SINGING, MUSIC AND OTHER ARTS. (FOR FULL DETAILS SEE CLAUSE 4 OF MEMORANDUM OF ASSOCIATION)
Financial health, per its FY2025 accounts
The accounts state that the School incurred a consolidated loss of £3.36m from day-to-day operations, resulting in a total deficit of £2.627m for the year. Free/unrestricted reserves have dropped significantly to £272,000, which the trustees describe as 'very low'. However, the School relies on funding from The Royal Ballet School Endowment Fund to cover interim losses while implementing a strategic plan to achieve financial sustainability by 2029-30.
What the accounts disclose
“This amounts to 10% of non-government donated income.”
“the School aims to hold reserves of a level equivalent to three to six months of operating costs.”
“The Governors therefore believe that financial resources are sufficient to ensure the School will continue as a going concern for the foreseeable future, being at least until 31 August 2027”
“The School has a wholly owned trading subsidiary, TRBS Enterprises Limited, which sells branded merchandise, offers on-demand training and hires out School premises, gifting its profits to the School.” — page 19
Year-over-year changes
- Going concern: no going-concern doubt (FY2024) → going-concern doubt noted (FY2025).
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/08/2025
- Volunteers: 31
- Government income: £4,114,693 — grants £4,114,693 (1); 25% of the £16,580,000 total gross income on the same return
- Employees paid over £60,000: 22 (£60,001–£70,000: 14; £70,001–£80,000: 4; £90,001–£100,000: 1; £100,001–£110,000: 2; £140,001–£150,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/08/2024
- Volunteers: 25
- Government income: £4,311,728 — grants £4,311,728 (2); 28% of the £15,660,814 total gross income on the same return
- Employees paid over £60,000: 17 (£60,001–£70,000: 7; £70,001–£80,000: 5; £80,001–£90,000: 1; £100,001–£110,000: 3; £110,001–£120,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/08/2023
- Volunteers: 25
- Government income: £4,634,000 — grants £4,634,000 (1); 22% of the £21,241,000 total gross income on the same return
- Employees paid over £60,000: 14 (£60,001–£70,000: 8; £70,001–£80,000: 2; £80,001–£90,000: 2; £90,001–£100,000: 1; £110,001–£120,000: 1)
- Has a trading subsidiary
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 1 was received after the due date: year ending 31/08/2021 (received 05/07/2022, 5 days after the 30/06/2022 due date).
Funders the charity credits
- Kinoshita Group
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Natasha Kaplinskychair
- Adrian George Packer
- Alistair Summers
- Carlos Acosta CBE
- Caroline Anne Davis
- Cordelia Redwood-Sawyerr
- Craig Alan Ranson
- Edward Watson
- Isabel Mortimer
- Jillian Barker
- Joanna Birkett
- Kevin O'Hare
- Lady Sarah Ann Dorfman
- Mary Breen
- Michael Richard Hussey
- Richard Dennen
- Suzanne Margaret Brennan
- Thomas Clementi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £16.6m | £19.2m |
| 31/08/2024 | £15.7m | £18.6m |
| 31/08/2023 | £21.2m | £16.2m |
| 31/08/2022 | £12.5m | £14.3m |
| 31/08/2021 | £11.8m | £12.9m |
Common questions
Is THE ROYAL BALLET SCHOOL financially healthy?
Per its FY2025 accounts: The accounts state that the School incurred a consolidated loss of £3.36m from day-to-day operations, resulting in a total deficit of £2.627m for the year. Free/unrestricted reserves have dropped significantly to £272,000, which the trustees describe as 'very low'. However, the School relies on funding from The Royal Ballet School Endowment Fund to cover interim losses while implementing a strategic plan to achieve financial sustainability by 2029-30. Its FY2025 accounts were audited by Crowe U.K. LLP.
Who funds THE ROYAL BALLET SCHOOL?
Funders whose own accounts filings name THE ROYAL BALLET SCHOOL as a grant recipient include MAAIKE MCINNES CHARITABLE TRUST, ROYAL BALLET SCHOOL ENDOWMENT FUND, THE BAND TRUST, THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION, THE THOMPSON FAMILY CHARITABLE TRUST.
Shared trustees with funders
- Carlos Acosta CBE — trustee here and at THE FREDERICK ASHTON FOUNDATION
- Thomas Clementi — trustee here and at ROYAL BALLET SCHOOL ENDOWMENT FUND
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| MAAIKE MCINNES CHARITABLE TRUST | FY2024 | £7.5m | to help with the building project work |
| ROYAL BALLET SCHOOL ENDOWMENT FUND | FY2025 | £1.3m | Return of unrestricted funds granted from the School to the Endowment Fund in 2017 |
| THE BAND TRUST | FY2023 | £1.0m | Children and Young People |
| ROYAL BALLET SCHOOL ENDOWMENT FUND | FY2021 | £381k | Grants to students and to the School |
| THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION | FY2025 | £300k | |
| THE THOMPSON FAMILY CHARITABLE TRUST | FY2025 | £300k | |
| THE THOMPSON FAMILY CHARITABLE TRUST | FY2022 | £250k | |
| THE ERANDA ROTHSCHILD FOUNDATION | FY2022 | £191k | The arts |
| THE BEAVERBROOK FOUNDATION | FY2024 | Unverified read£181k | |
| ROYAL BALLET SCHOOL ENDOWMENT FUND | FY2025 | £165k | Repairs at White Lodge and Jebsen House |
| THE CALLEVA FOUNDATION | FY2023 | £140k | Education |
| THE THOMPSON FAMILY CHARITABLE TRUST | FY2024 | £100k | |
| THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION | FY2024 | £100k | |
| THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION | FY2023 | £100k | Advancement of education, health and saving lives |
| THE AURUM CHARITABLE TRUST | FY2025 | £80k | |
| THE TOMLINSON FAMILY CHARITABLE TRUST | FY2022 | £75k | |
| THE AURUM CHARITABLE TRUST | FY2021 | £70k | The National Theatre |
| THE CALLEVA FOUNDATION | FY2024 | £70k | Education |
| THE HEADLEY TRUST | FY2025 | £60k | Towards the White Lodge Music Bursaries. |
| ST PAUL'S SCHOOLS FOUNDATION | FY2024 | £52k | Literacy & Oracy |
| THE BUFFINI CHAO FOUNDATION | FY2024 | Unverified read£50k | |
| THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION | FY2021 | £50k | Advancement of the arts, culture, heritage and science |
| THE KENNETH & SUSAN GREEN CHARITABLE FOUNDATION | FY2022 | £50k | |
| E B M CHARITABLE TRUST | FY2025 | £40k | Grant paid to institution |
| E B M CHARITABLE TRUST | FY2024 | £40k | |
| E B M CHARITABLE TRUST | FY2023 | £40k | |
| THE HEADLEY TRUST | FY2023 | £30k | Towards the White Lodge Hardship and Music Bursaries. |
| ST PAUL'S SCHOOLS FOUNDATION | FY2025 | £27k | Associated Schools Mental Health & Wellbeing |
| ST PAUL'S SCHOOLS FOUNDATION | FY2025 | £27k | Aligned Funding |
| THE ROYAL OPERA HOUSE BENEVOLENT FUND | FY2023 | £25k | Healthy Dancer Programme |
| THE ROYAL OPERA HOUSE BENEVOLENT FUND | FY2024 | £25k | Healthy Dancer Programme |
| THE ROYAL OPERA HOUSE BENEVOLENT FUND | FY2025 | £25k | Healthy Dancer Programme |
| The Gerald and Gail Ronson Family Foundation | FY2025 | £25k | |
| THE TOMLINSON FAMILY CHARITABLE TRUST | FY2021 | £25k | |
| ST PAUL'S SCHOOLS FOUNDATION | FY2023 | £25k | |
| THE MERCERS CHARITABLE FOUNDATION | FY2022 | £25k | Young People & Education Programme |
| ST PAUL'S SCHOOLS FOUNDATION | FY2022 | £25k | Support for the school’s Professional Skills Development Programme which will provide a sustainable programme of careers advice for students aged 16-18. |
| THE BAND TRUST | FY2022 | £25k | Specific grantee |
| CHK Foundation | FY2023 | £25k | |
| THE ROYAL OPERA HOUSE BENEVOLENT FUND | FY2022 | £20k | Healthy Dancer Programme |
| AMAR-FRANSES AND FOSTER-JENKINS TRUST | FY2024 | £20k | Grants to academic institutions |
| THE AURUM CHARITABLE TRUST | FY2022 | £20k | |
| THE ERANDA ROTHSCHILD FOUNDATION | FY2025 | £20k | The Arts |
| THE THOMPSON FAMILY CHARITABLE TRUST | FY2023 | £15k | |
| AMAR-FRANSES AND FOSTER-JENKINS TRUST | FY2025 | £13k | Annual funding increased by £2,500 to £12,500 |
| THE BUFFINI CHAO FOUNDATION | FY2022 | £11k | |
| THE BEAVERBROOK FOUNDATION | FY2025 | £11k | |
| AMAR-FRANSES AND FOSTER-JENKINS TRUST | FY2023 | £10k | Grants to academic institutions |
| THE BORROWS CHARITABLE TRUST | FY2023 | £10k | |
| ROYAL OPERA HOUSE COVENT GARDEN FOUNDATION | FY2023 | £10k | Grant to Royal Ballet School |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The Mercers' Company | 03/06/2026 | £80k | Grant to The Royal Ballet School |
| The Mercers' Company | 13/11/2025 | £500k | Grant to The Royal Ballet School |
| The Mercers' Company | 25/06/2024 | £80k | Grant to Royal Ballet School |
| The Mercers' Company | 18/05/2023 | £80k | Grant to Royal Ballet School |
| The National Lottery Community Fund | 08/11/2022 | £121k | The Ripple Older Peoples Service |
| The Mercers' Company | 27/04/2021 | £75k | Grant to Royal Ballet School |
| The Mercers' Company | 24/09/2019 | £75k | Grant to Royal Ballet School |
| The National Lottery Heritage Fund | 24/02/2005 | £50k | "Conservation and Re-Development of White Lodge, Richmond Park, Surrey" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LINBURY TRUST | 2 | £260k |
| THE BRITFORD BRIDGE TRUST | 2 | £55k |
| THE IDLEWILD TRUST | 2 | £31k |
| THE CHARLOTTE BONHAM-CARTER CHARITABLE TRUST | 2 | £21k |
| THE HAROLD HYAM WINGATE FOUNDATION | 2 | £13k |
| THE JOHN THAW FOUNDATION | 2 | £7k |
| THE MICHAEL BISHOP FOUNDATION | 1 | £265k |
| THE HOLLOWAY FOUNDATION | 1 | £150k |
Charities like this
- ROYAL BALLET SCHOOL ENDOWMENT FUND
- BIRMINGHAM ROYAL BALLET
- BALLET RAMBERT LIMITED
- RAMBERT SCHOOL OF BALLET AND CONTEMPORARY DANCE
- Yorkshire Ballet Seminars
- RAMBERT TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ROYAL BALLET SCHOOL | £16.6m | — | 0 | unclear | 10.0% | noted |
| ROYAL BALLET SCHOOL ENDOWMENT FUND | £627k | — | 0 | unclear | — | no doubt |
| BIRMINGHAM ROYAL BALLET | £19.0m | — | — | unclear | — | no doubt |
| BALLET RAMBERT LIMITED | £3.2m | £110,001 - £120,000 | — | unclear | — | no doubt |
| RAMBERT SCHOOL OF BALLET AND CONTEMPORARY DANCE | £3.5m | — | — | within | — | no doubt |
| Yorkshire Ballet Seminars | £381k | — | 0 | below | — | no doubt |