The Greenwich Foundation for the Old Royal Naval College

Analysis

The Greenwich Foundation for the Old Royal Naval College is a registered charity in England and Wales, based in London. It was registered in May 1997, 29 years ago. Its declared purposes cover education/training, arts/culture/heritage/science and environment/conservation/heritage, which this site groups under arts, culture, heritage and science. Legally it is a charitable company (Companies House number 03340541). It says it provides buildings/facilities/open space.

In the financial year ending March 2025, The Greenwich Foundation for the Old Royal Naval College reported income of £7.2m and spending of £8.1m, spending 113% of what it took in. Across the 5 years on record, from March 2021 to March 2025, income grew from £6.0m to £7.2m (+21%), an average of +4.9% a year. The sharpest change came in the year to March 2023, when income rose by 20%. Over the whole period it spent 107% of the income it received.

Among 17,634 England and Wales charities whose main cause is arts, culture, heritage and science and that reported income, The Greenwich Foundation for the Old Royal Naval College sits at the 99th percentile: it is larger than about 99% of them. Against every charity in England and Wales with reported income it ranks in the 99th percentile. Charities of a similar size with the same main cause include The Young Vic Company (£7.2m), The David Lean Foundation (£7.3m) and Greater Manchester Arts Centre Limited (£7.2m).

In its latest detailed accounts, income came from charitable activities 57%, trading 30%, donations and legacies 9.3% and investments 3.9%. Charitable activities took 85% of spending and raising funds 15%. Reserves of £3.0m would cover about 4 months of spending at that rate. It employed 83 people.