THE COURTAULD INSTITUTE OF ART FUND
To promote the advancement of public education in the history of art and architecture and the care, conservation and restoration of works of art for the public benefit by raising funds to support the Courtauld Institute of Art
Objects
(1) THE ADVANCEMENT OF PUBLIC EDUCATION IN THE HISTORY OF ART AND ARCHITECTURE THROUGH TEACHING AND RESEARCH AND THE PUBLICATION OF THE USEFUL RESULTS OF SUCH RESEARCH. (2) THE CARE CONSERVATION AND RESTORATION OF WORKS OR ART FOR THE PUBLIC BENEFIT AND TEACHING AND RESEARCH AND THE PUBLICATION OF THE USEFUL RESULTS OF SUCH RESEARCH. (3) THE ACCOMMODATION AND PUBLIC DISPLAY OF WORKS OF ART. (4) THE INCREASE OF PUBLIC KNOWLEDGE AND APPRECIATION OF ART AND ARCHITECTURE. (5) THE ADVANCEMENT OF SUCH OTHER CHARITABLE PURPOSES AS MAY FROM TIME TO TIME BE PROMOTED BY THE INSTITUTE.
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
“Total operating income for the year was £434,415 (2023/24: £1,252,700), comprising £434,415 in donations including recoverable gift aid” — page 5
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/07/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/07/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/07/2023
- Grant-making is its main activity
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 31/07/2022 (received 07/09/2023, 99 days after the 31/05/2023 due date).
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?
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. 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 | Purpose (as stated by the funder) |
|---|---|---|---|
| HUO FAMILY FOUNDATION (UK) LIMITED | FY2024 | £1.2m | |
| HUO FAMILY FOUNDATION (UK) LIMITED | FY2022 | £877k | |
| HUO FAMILY FOUNDATION (UK) LIMITED | FY2021 | £207k | Exhibition support |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2024 | £25k | Culture and arts |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2025 | amount not stated | Culture and arts |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| The SVH Foundation | 1 | £10.2m |
| THE MASTER CHARITABLE TRUST | 1 | £6.0m |
| PRISM THE GIFT FUND | 1 | £1.7m |
| THE ROTHSCHILD FOUNDATION | 1 | £1.3m |
| REUBEN FOUNDATION | 1 | £228k |
| THE DORFMAN FOUNDATION | 1 | £193k |
| THE JOHN R. MURRAY CHARITABLE TRUST | 1 | £179k |
| THE VASEPPI TRUST | 1 | £150k |
Charities like this
- THE SAMUEL COURTAULD TRUST
- CHARNWOOD ARTS
- THE NATIONAL GALLERY TRUST
- DARTFORD ARTS CENTRE
- THE DAVID ROBERTS ART FOUNDATION LIMITED
- CHARTERED INSTITUTE OF CREDIT MANAGEMENT
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE COURTAULD INSTITUTE OF ART FUND | £434k | — | 0 | within | — | no doubt |
| THE SAMUEL COURTAULD TRUST | £115k | — | 0 | above | — | no doubt |
| CHARNWOOD ARTS | £191k | — | 0 | unclear | — | no doubt |
| THE NATIONAL GALLERY TRUST | £8.4m | — | 0 | unclear | — | no doubt |
| DARTFORD ARTS CENTRE | £645k | — | 0 | unclear | — | no doubt |
| THE DAVID ROBERTS ART FOUNDATION LIMITED | £63k | £60,001 - £70,000 | 1 | unclear | — | no doubt |