RUSSELL-COTES ART GALLERY AND MUSEUM
Latest income
£1.5m
Latest spending
£1.7m
Registered
1962
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves are £14,713, while the charity relies on donated services from BCP Council to achieve breakeven. The document notes that this support policy is expected to continue for the foreseeable future, allowing the accounts to be prepared on a going concern basis.
What the accounts disclose
Reserves policy: breakeven via donated services (held: £15k)
“Historically the Council, in its role as local authority and corporate trustee, has provided donated services each year sufficient for the trust to achieve breakeven. This is currently the policy that is expected to continue” — page 9
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£1.5m
Total spending
£1.7m
Cost of raising funds
£1.4m
Reserves (reported)
£346k
Employees
18
Register events
- Received assets from another charity (27/02/2024)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.5m | £1.7m |
| 31/03/2024 | £2.0m | £2.0m |
| 31/03/2023 | £1.3m | £1.8m |
| 31/03/2022 | £1.1m | £1.1m |
| 31/03/2021 | £871k | £864k |
Common questions
Is RUSSELL-COTES ART GALLERY AND MUSEUM financially healthy?
The accounts state that unrestricted reserves are £14,713, while the charity relies on donated services from BCP Council to achieve breakeven. The document notes that this support policy is expected to continue for the foreseeable future, allowing the accounts to be prepared on a going concern basis. Its FY2023 accounts were audited by Hixsons.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 09/05/2018 | £29k | "Raising Resilience at the Russell Cotes" |
| The National Lottery Heritage Fund | 11/05/2016 | £44k | "For the Love of Russell-Cotes: building audiences for the future" |
| The National Lottery Heritage Fund | 07/06/2013 | £10k | "Russell-Cotes: Fundraising for the Future" |
| The National Lottery Heritage Fund | 12/02/1997 | £2.1m | "Russell-Cotes Art Gallery, Bournemouth - Improvements" |