ROYAL SOCIETY OF PAINTERS IN WATER COLOURS
The Society is committed to uphold and advance the historic and contemporary art of watercolour painting.The members of the Society support and contribute to the work of their London home, Bankside Gallery, through exhibitions, workshops and educational events.The Society's art collections and archives are maintained and made available as a resource for artists, scholars and a worldwide public.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £901,007 against a policy target of two years' expenditure, which the Council considers sufficient. However, the charity reported a net deficit from activities of £35,147 before investment gains, noting that limited income sources have historically been insufficient to cover activity costs.
What the accounts disclose
“During the year under review, total income amounted to £261,534 (2023: £187,925). The cost of raising funds in the year was £9,504 (2023: £10,554)” — page 9
“Council currently recognises the need to set aside amounts to ensure the continuance of the following activities, for a minimum period of two years.” — page 6
Trustees
- Charlotte Louise Cole
- Chloe Anastasia Cheese
- David Wiseman
- Francis Bowyer
- JILL LEMAN RWS
- Julia Midgley RWS RE
- Mark Jeremy Entwisle
- Mark Raggett
- Olivia O'Sullivan
- Paul William Cox
- Sarah Barbara Holliday
- Sophie Rebecca Knight
- Suzy Laura Rose Fasht
- Tessa Sabina Pearson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £262k | £297k |
| 31/12/2023 | £188k | £267k |
| 31/12/2022 | £413k | £179k |
| 31/12/2021 | £228k | £138k |
| 31/12/2020 | £200k | £118k |
Common questions
Is ROYAL SOCIETY OF PAINTERS IN WATER COLOURS financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £901,007 against a policy target of two years' expenditure, which the Council considers sufficient. However, the charity reported a net deficit from activities of £35,147 before investment gains, noting that limited income sources have historically been insufficient to cover activity costs. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PRISM THE GIFT FUND | 1 | £68k |
| JOHN LYON'S CHARITY | 1 | £42k |
| CATHY WILLS CHARITABLE TRUST | 1 | £23k |
| THE LOVINGTON FOUNDATION | 1 | £5k |
| THE COMPANY OF ARTS SCHOLARS CHARITABLE TRUST | 1 | £2k |
Charities like this
- BANKSIDE GALLERY LIMITED
- THE SOCIETY OF BOTANICAL ARTISTS LIMITED
- ROYAL SOCIETY OF PAINTER-PRINTMAKERS
- THE CONTEMPORARY ART SOCIETY
- THE ROYAL PHOTOGRAPHIC SOCIETY OF GREAT BRITAIN
- THE WALPOLE SOCIETY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ROYAL SOCIETY OF PAINTERS IN WATER COLOURS | £262k | — | 0 | unclear | 3.6% | no doubt |
| BANKSIDE GALLERY LIMITED | £448k | — | — | unclear | — | no doubt |
| THE SOCIETY OF BOTANICAL ARTISTS LIMITED | £218k | — | 0 | unclear | — | no doubt |
| ROYAL SOCIETY OF PAINTER-PRINTMAKERS | £123k | — | 0 | unclear | — | no doubt |
| THE CONTEMPORARY ART SOCIETY | £2.1m | — | — | above | — | no doubt |
| THE ROYAL PHOTOGRAPHIC SOCIETY OF GREAT BRITAIN | £1.7m | £100,000 - £119,999 | — | unclear | — | no doubt |