THE ROYAL SCHOOL OF NEEDLEWORK
The RSN comprises three core activities; the Education programme, the Collection and the Studio. These three activities are integrally linked; Studio staff teach on the courses; students work in the Studio; students work on items from the Collection and the collection informs work in the Studio and the courses.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £654,912 for the year, driven by investment losses and restructuring costs, resulting in free reserves falling to £1,168,912. This figure is explicitly noted as being £520,088 below the trustees' stated policy target of five months' total expenditure. Despite the recurring deficit and reserves being below target, the trustees and auditors confirm there is no material uncertainty regarding the charity's ability to continue as a going concern.
What the accounts disclose
Corporate structure
- Registered company of the charity Companies House 00012192
Leadership, per the charity’s website
- Pip Wood — Chair
- Rhian Harris — CEO
Funders the charity credits
Company officers (Companies House)
- PUNAKS, Zoe not on trustee list
- HIMSWORTH, Alice not on trustee list
- PALMER, Linda Anne on trustee list
- MILA, Peter on trustee list
- MUMFORD, Sarah Jane on trustee list
- LEFTWICH, Paula, Dr on trustee list
- PICKARD, Keith William on trustee list
- RICHARDS, Julie Ann on trustee list
- WOOD, Pauline Elizabeth on trustee list
- RITCHIE, Eleri Lynn on trustee list
- CULLEN, Patricia Barbara, Professor on trustee list
Structured financials (annual return, FY ending 31/08/2025)
Register events
- Received assets from another charity (14/07/2023)
Trustees
- Dr Paula Leftwich
- Eleri Lynn Ritchie
- Julie Ann Richards
- Keith William Pickard
- Linda Anne Palmer
- Louisa Christofidou
- Patricia Barbara Cullen
- Pauline Elizabeth Wood
- Peter Mila
- Sarah Jane Mumford
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £3.0m | £3.7m |
| 31/08/2024 | £3.0m | £3.4m |
| 31/08/2023 | £2.8m | £3.1m |
| 31/08/2022 | £2.7m | £2.5m |
| 31/08/2021 | £2.3m | £2.2m |
Common questions
Is THE ROYAL SCHOOL OF NEEDLEWORK financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £654,912 for the year, driven by investment losses and restructuring costs, resulting in free reserves falling to £1,168,912. This figure is explicitly noted as being £520,088 below the trustees' stated policy target of five months' total expenditure. Despite the recurring deficit and reserves being below target, the trustees and auditors confirm there is no material uncertainty regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Buzzacott Audit LLP.
Who funds THE ROYAL SCHOOL OF NEEDLEWORK?
Funders whose own accounts filings name THE ROYAL SCHOOL OF NEEDLEWORK as a grant recipient include THE HEADLEY TRUST, THE GIRDLERS' COMPANY CHARITABLE TRUST, THE HABERDASHERS' FOUNDATION, NEWBY TRUST LIMITED, LORD BARNBY'S FOUNDATION.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 15/01/2025 | £248k | "Fragile Threads" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MASTER CHARITABLE TRUST | 1 | £5.0m |
| Royal Academy Trust | 1 | £4.5m |
| THE JOHN R. MURRAY CHARITABLE TRUST | 1 | £1.6m |
| GARFIELD WESTON FOUNDATION | 1 | £1.0m |
| THE ROTHSCHILD FOUNDATION | 1 | £904k |
| LONDON TRANSPORT MUSEUM FRIENDS | 1 | £639k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £601k |
| THE MANNY AND BRIGITTA DAVIDSON CHARITABLE FOUNDATION | 1 | £417k |
Charities like this
- ROYAL SOCIETY OF PAINTER-PRINTMAKERS
- THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND
- LONDON TRANSPORT MUSEUM LIMITED
- THE ROYAL SOCIETY OF MEDICINE
- THE GUILD OF ST GEORGE
- THE ROYAL ACADEMY OF ARTS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ROYAL SCHOOL OF NEEDLEWORK | £3.0m | — | — | unclear | — | no doubt |
| ROYAL SOCIETY OF PAINTER-PRINTMAKERS | £123k | — | 0 | unclear | — | no doubt |
| THE ROYAL NORTHERN COLLEGE OF MUSIC AWARDS FUND | £1.9m | — | 0 | above | — | no doubt |
| LONDON TRANSPORT MUSEUM LIMITED | £19.9m | — | — | unclear | — | no doubt |
| THE ROYAL SOCIETY OF MEDICINE | £13.7m | — | — | above | 48.0% | no doubt |
| THE GUILD OF ST GEORGE | £176k | — | 0 | below | — | no doubt |