THE SERPENTINE TRUST
Registered charity 298809 · accounts filings on the Charity Commission register · also known as SERPENTINE GALLERY
The Serpentine Trust's vision is to open up art, for everyone, for free. It is responsible for running the Serpentine South and North galleries, and its mission is to exhibit, commission and promote the understanding of art, architecture and design through varied Exhibition, Education and Public Programmes.
Causes: Education/training · Arts/culture/heritage/science · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that total income increased by 9% to £14.8m, while total expenditure rose by 7% to £15.6m, resulting in an overall net expenditure of £0.8m. Despite this deficit, the charity reported an increase in unrestricted reserves to £3.9m, which the trustees confirmed are in line with their revised policy target of two to three months of forecast annual expenditure.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Accounts audited by Crowe U.K. LLP. Discloses 3 of 6 completeness components.
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "within" (FY2025).
Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.
In the news
Recent coverage mentioning this charity by name (automated match; headlines belong to their publishers).
Structured financials (annual return, FY ending 31/03/2025)
Cost of raising funds
£3.4m
Reported reserves equal ~2.0 months of spending — below the median for charities its size (median 4.6 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (45% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 23.2% of total income — in the top quarter for charities its size (median 3.8%) (benchmarks).
- THE HON MICHAEL R BLOOMBERGchair
- BARRY TOWNSLEY CBE
- Eugenio Gerardo Lopez Alonso
- JONATHAN PAUL WOOD
- Lady Elena Foster of Thames Bank
- Lynette Yiadom-Boakye
- MARCUS JARLATH BOYLE
- Maja Hoffman
- Megha Mittal
- Nicoletta Fiorucci
- Robert Rosenkranz
- Sosuke Fujimoto
- Suneil Setiya
- THE HONORABLE MRS FELICITY WALEY-COHEN
Trustee list from the Charity Commission register (current, not historical).
Operates in: Throughout England
Income and spending
Common questions
Is THE SERPENTINE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that total income increased by 9% to £14.8m, while total expenditure rose by 7% to £15.6m, resulting in an overall net expenditure of £0.8m. Despite this deficit, the charity reported an increase in unrestricted reserves to £3.9m, which the trustees confirmed are in line with their revised policy target of two to three months of forecast annual expenditure. Its FY2025 accounts were audited by Crowe U.K. LLP.
Who funds THE SERPENTINE TRUST?
Funders whose own accounts filings name THE SERPENTINE TRUST as a grant recipient include THE JAGCLIF CHARITABLE TRUST, VERONICA AND LARS BANE FOUNDATION CIO, THE MARANDI FOUNDATION, Thomas Waley-Cohen Charitable Trust, OUTSET - CONTEMPORARY ART FUND.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with THE SOUTH EAST RIVERS TRUST.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.