Charity Accounts Intelreading the accounts so you don’t have to

THE NATIONAL GALLERY TRUST

Registered charity 299509 · accounts filings on the Charity Commission register

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.

Causes: Arts/culture/heritage/science · Grant history (this charity is a funder) · Get email alerts

Latest income
£8.4m
Latest spending
£11.5m
Registered
1988
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: continue to build up reserves until they can be expended in furtherance of the charitable objects (held: £57.0m)
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Price Bailey LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£8.4m
Total spending
£11.5m
Cost of raising funds
£1.2m
Reserves (reported)
£57.1m
Employees
0

Reported reserves equal ~59.7 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, cost of raising funds: 13.9% of total income — above the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
The SVH FoundationFY2025£3.6mGrants to the National Gallery Trust
THE MASTER CHARITABLE TRUSTFY2025£3.0mAdvancement of the arts, culture, heritage or science
The SVH FoundationFY2023£1.6m
THE MASTER CHARITABLE TRUSTFY2023£1.6m
The SVH FoundationFY2022£1.5m
The SVH FoundationFY2024£1.5m
PRISM THE GIFT FUNDFY2024£1.0mArt and Cultural Heritage
THE MASTER CHARITABLE TRUSTFY2022£656k
THE ROTHSCHILD FOUNDATIONFY2025£500k
THE ROTHSCHILD FOUNDATIONFY2023£350k
THE ROTHSCHILD FOUNDATIONFY2024£300k
THE ROTHSCHILD FOUNDATIONFY2022£180k
THE JOHN R. MURRAY CHARITABLE TRUSTFY2021£100kAdvancement of the arts, culture, heritage and science
S P LOHIA FOUNDATIONFY2022£90kThis donation will support The Modern Contemporary Art programme to support South Asian Artist.
THE VASEPPI TRUSTFY2023£50k
THE VASEPPI TRUSTFY2022£50k
THE JOHN R. MURRAY CHARITABLE TRUSTFY2024£42kAdvancement of the arts, culture, heritage and science
THE STEVENSON FAMILY'S CHARITABLE TRUSTFY2022£30kCulture and Arts
THE CHRISTOPHER AND HENRY OLDFIELD TRUSTFY2023£25k
THE VASEPPI TRUSTFY2024£25k
THE CHRISTOPHER AND HENRY OLDFIELD TRUSTFY2022£25k
THE VASEPPI TRUSTFY2025£25k
THE JOHN BOOTH CHARITABLE FOUNDATIONFY2023£12k
THE BELLASIS TRUSTFY2022£5k
THE KILROOT FOUNDATIONFY2023£5k
THE JOHN R. MURRAY CHARITABLE TRUSTFY2022£5kAdvancement of the arts, culture, heritage and science
THE BELLASIS TRUSTFY2023£5k
THE JOHN BOOTH CHARITABLE FOUNDATIONFY2022£5k
THE KILROOT FOUNDATIONFY2022£5k
THE JOHN R. MURRAY CHARITABLE TRUSTFY2023£3kAdvancement of the arts, culture, heritage and science
THE BILLMEIR CHARITABLE TRUSTFY2025£3k
THE BELLASIS TRUSTFY2025£3k
THE WILLIE AND MABEL MORRIS CHARITABLE TRUSTFY2025£250

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.

FunderSimilar charities fundedAmount to them
THE DORFMAN FOUNDATION1£193k
REUBEN FOUNDATION1£159k
THE HEADLEY TRUST1£30k
THE EVAN CORNISH FOUNDATION1£15k
THE MICHAEL MARKS CHARITABLE TRUST1£5k
THE AUSTIN AND HOPE PILKINGTON TRUST1£5k
THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENT1£3k
FRAZER TRUST1£3k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with The SVH Foundation.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE NATIONAL GALLERY TRUST£8.4m—0unclear—no doubt
The SVH Foundation FY2025£3.2m—0unclear—no doubt
Royal Academy Trust FY2025£5.4m—0unclear—no doubt
THE GUY AND ELINOR MEYNELL CHARITABLE TRUST FY2025£373k—0unclear—no doubt
NML FOUNDATION FY2025£221k—0above—no doubt
THE NOSTELL TRUST FY2025£156k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.