THE COURTAULD INSTITUTE OF ART FUND
Financial health, per its FY2025 accounts
The accounts state that the charity's free reserves stood at £50,000, which is in line with the trustees' stated policy target of between £30,000 and £60,000. The charity reported a net movement in funds of a deficit of £700,000 for the year, largely due to grants made to the Institute exceeding incoming donations. The trustees and auditor confirmed the use of the going concern basis, noting sufficient funds to meet liabilities over the next twelve months.
What the accounts disclose
Structured financials (annual return, FY ending 31/07/2024)
Trustees
- Professor Mark Louis Hallettchair
- Eleonore Julie Aurelie Valais de Sibert
- Francesca Meera Morris
- Monica Varriale
- Professor Dorothy Price
- Rodney Culliford Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £434k | £1.1m |
| 31/07/2024 | £1.3m | £1.5m |
| 31/07/2023 | £1.5m | £974k |
| 31/07/2022 | £1.9m | £1.9m |
| 31/07/2021 | £2.8m | £2.8m |
Common questions
Is THE COURTAULD INSTITUTE OF ART FUND financially healthy?
The accounts state that the charity's free reserves stood at £50,000, which is in line with the trustees' stated policy target of between £30,000 and £60,000. The charity reported a net movement in funds of a deficit of £700,000 for the year, largely due to grants made to the Institute exceeding incoming donations. The trustees and auditor confirmed the use of the going concern basis, noting sufficient funds to meet liabilities over the next twelve months. Its FY2025 accounts were audited by Crowe UK.
Who funds THE COURTAULD INSTITUTE OF ART FUND?
Funders whose own accounts filings name THE COURTAULD INSTITUTE OF ART FUND as a grant recipient include HUO FAMILY FOUNDATION (UK) LIMITED, THE STEVENSON FAMILY'S CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| HUO FAMILY FOUNDATION (UK) LIMITED | FY2024 | £1.2m |
| HUO FAMILY FOUNDATION (UK) LIMITED | FY2022 | £877k |
| HUO FAMILY FOUNDATION (UK) LIMITED | FY2021 | £207k |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2024 | £25k |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2025 | £0 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FOYLE FOUNDATION | 1 | £119k |
| THE NATIONAL MANUSCRIPTS CONSERVATION TRUST | 1 | £18k |
| LLOYD'S REGISTER FOUNDATION | 1 | £10k |
| THE ROSE FOUNDATION | 1 | £5k |
| THE ROYAL ARCHAEOLOGICAL INSTITUTE | 1 | £5k |
| EDWARD HARVIST (ALSO KNOWN AS THE HARVIST ESTATE) | 1 | £1k |