THE NATIONAL GALLERY TRUST
The objects of the Trust are the advancement of education and the charitable objects of the National Gallery. The Trust achieves this by making grants to organisations.
Objects
THE ADVANCEMENT OF EDUCATION AND THE CHARITABLE OBJECTS OF THE NATIONAL GALLERY.
Financial health, per its FY2025 accounts
The accounts state that unrestricted free reserves totalled £57.0 million, which the Trustees consider sufficient to meet future funding obligations. The charity reported a net movement in funds of £473,350 for the year, supported by total income of £8.4 million against total expenditure of £11.5 million. The Trustees confirmed the financial statements were prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“It is the Trust's policy to continue to build up reserves until they can be expended in furtherance of the charitable objects.” — page 6
Policies the charity declares
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- 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 31/03/2025
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2024
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/03/2023
- Grant-making is its main activity
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Andrew Ross
- CAROLINE THOMSON
- Charles Sebag-Montefiore CBE
- David Symondson
- Isabel Emo Capodilista
- John Booth
- Katrin Henkel
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £8.4m | £11.5m |
| 31/03/2024 | £7.9m | £19.8m |
| 31/03/2023 | £6.3m | £4.0m |
| 31/03/2022 | £7.1m | £7.5m |
| 31/03/2021 | £9.2m | £5.6m |
Common questions
Is THE NATIONAL GALLERY TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted free reserves totalled £57.0 million, which the Trustees consider sufficient to meet future funding obligations. The charity reported a net movement in funds of £473,350 for the year, supported by total income of £8.4 million against total expenditure of £11.5 million. The Trustees confirmed the financial statements were prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were audited by Price Bailey LLP.
Who funds THE NATIONAL GALLERY TRUST?
Funders whose own accounts filings name THE NATIONAL GALLERY TRUST as a grant recipient include The SVH Foundation, THE MASTER CHARITABLE TRUST, PRISM THE GIFT FUND, THE ROTHSCHILD FOUNDATION, THE JOHN R. MURRAY CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| The SVH Foundation | FY2025 | £3.6m | Grants to the National Gallery Trust |
| THE MASTER CHARITABLE TRUST | FY2025 | £3.0m | Advancement of the arts, culture, heritage or science |
| The SVH Foundation | FY2021 | £2.0m | |
| The SVH Foundation | FY2023 | £1.6m | |
| THE MASTER CHARITABLE TRUST | FY2023 | £1.6m | |
| The SVH Foundation | FY2022 | £1.5m | |
| The SVH Foundation | FY2024 | £1.5m | |
| PRISM THE GIFT FUND | FY2024 | £1.0m | Art and Cultural Heritage |
| THE MASTER CHARITABLE TRUST | FY2021 | £753k | |
| PRISM THE GIFT FUND | FY2021 | £727k | Grants to institutions/organisations |
| THE MASTER CHARITABLE TRUST | FY2022 | £656k | |
| THE ROTHSCHILD FOUNDATION | FY2025 | £500k | |
| THE ROTHSCHILD FOUNDATION | FY2023 | £350k | |
| THE ROTHSCHILD FOUNDATION | FY2024 | £300k | |
| THE ROTHSCHILD FOUNDATION | FY2022 | £180k | |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2021 | £100k | Advancement of the arts, culture, heritage and science |
| S P LOHIA FOUNDATION | FY2022 | £90k | This donation will support The Modern Contemporary Art programme to support South Asian Artist. |
| THE VASEPPI TRUST | FY2022 | £50k | |
| THE VASEPPI TRUST | FY2023 | £50k | |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2024 | £42k | Advancement of the arts, culture, heritage and science |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2025 | £37k | Advancement of the arts, culture, heritage and science |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | FY2022 | £30k | Culture and Arts |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | FY2022 | £25k | |
| THE VASEPPI TRUST | FY2025 | £25k | |
| THE VASEPPI TRUST | FY2024 | £25k | |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | FY2023 | £25k | |
| THE JOHN BOOTH CHARITABLE FOUNDATION | FY2023 | £12k | |
| THE BELLASIS TRUST | FY2022 | £5k | |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2022 | Unverified read£5k | Advancement of the arts, culture, heritage and science |
| THE KILROOT FOUNDATION | FY2022 | £5k | |
| THE KILROOT FOUNDATION | FY2023 | £5k | |
| THE BELLASIS TRUST | FY2023 | £5k | |
| THE JOHN BOOTH CHARITABLE FOUNDATION | FY2022 | £5k | |
| THE BELLASIS TRUST | FY2021 | £4k | |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2023 | Unverified read£3k | Advancement of the arts, culture, heritage and science |
| THE BELLASIS TRUST | FY2025 | £3k | |
| THE BILLMEIR CHARITABLE TRUST | FY2025 | £3k | |
| THE WILLIE AND MABEL MORRIS CHARITABLE TRUST | FY2025 | £250 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FIDELITY UK FOUNDATION | 2 | £445k |
| THE FREELANDS FOUNDATION LIMITED | 2 | £278k |
| THE HEADLEY TRUST | 2 | £206k |
| THE BRITISH COUNCIL | 1 | £1.9m |
| THE FRIENDS OF THE BRITISH LIBRARY | 1 | £1.9m |
| THE PILGRIM TRUST | 1 | £855k |
| THE DULVERTON TRUST | 1 | £450k |
| THE HELEN HAMLYN TRUST | 1 | £404k |
Charities like this
- THE NATIONAL ARCHIVES TRUST
- THE NATIONAL CHURCHES TRUST
- THE BRITISH LIBRARY COLLECTIONS TRUST
- INTERNATIONAL NATIONAL TRUSTS ORGANISATION
- MK GALLERY
- CASTLEFIELD GALLERY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE NATIONAL GALLERY TRUST | £8.4m | — | 0 | unclear | — | no doubt |
| THE NATIONAL ARCHIVES TRUST | £538k | — | 0 | unclear | — | no doubt |
| THE NATIONAL CHURCHES TRUST | £5.2m | £70,001 - £80,000 | 3 | unclear | — | no doubt |
| THE BRITISH LIBRARY COLLECTIONS TRUST | £1.7m | — | 0 | unclear | — | no doubt |
| INTERNATIONAL NATIONAL TRUSTS ORGANISATION | £1.1m | — | — | unclear | — | no doubt |
| MK GALLERY | £1.8m | £85,000 to £90,000 | 1 | unclear | — | no doubt |