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
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
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 | £0 | Culture and arts |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARCHITECTURAL ASSOCIATION FOUNDATION | 1 | £1.0m |
| The Leathersellers' Foundation | 1 | £275k |
| THE CRUCIBLE FOUNDATION | 1 | £170k |
| JOHN JAMES BRISTOL FOUNDATION | 1 | £30k |
| RICK MATHER DAVID SCRASE FOUNDATION | 1 | £27k |
| THE 4814 TRUST | 1 | £25k |
| THE RAYNE FOUNDATION | 1 | £2k |
| THE ASTOR FOUNDATION | 1 | £1k |
Charities like this
- THE SAMUEL COURTAULD TRUST
- NEW CURATORS
- THE WARBURG CHARITABLE TRUST
- ASSOCIATION FOR CULTURAL ADVANCEMENT THROUGH VISUAL ART LIMITED
- THE INGRAM ART FOUNDATION
- SPIKE ISLAND ARTSPACE LIMITED
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 |
| NEW CURATORS | £711k | — | — | below | — | no doubt |
| THE WARBURG CHARITABLE TRUST | £234k | — | 0 | unclear | — | no doubt |
| ASSOCIATION FOR CULTURAL ADVANCEMENT THROUGH VISUAL ART LIMITED | £2.0m | £60,001 - £70,000 | — | unclear | — | no doubt |
| THE INGRAM ART FOUNDATION | £152k | — | — | unclear | — | no doubt |