THE NATIONAL ASSOCIATION OF DECORATIVE AND FINE ARTS SOCIETIES
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £287,483 for the year, a significant improvement from the previous year's net income, largely due to the absence of a one-off property sale gain. The trustees maintain that the charity has adequate resources to continue as a going concern, with unrestricted free reserves of £587,601 meeting their policy target of six months' expenditure.
What the accounts disclose
“£170,000 - £179,999 1”
“The number of employees who earned more than £60,000 for whom pension contributions have been paid in the year is 4” — page 44
“The group target for 2024 on general reserve funds was to maintain a level of reserves equivalent to 6 months' general fund expenditure.” — page 19
“NEL charged The Arts Society £253,615 (2023: £2254,612) for the production of the magazine.” — page 49
“Staff costs totalling £18,853 (2023: £43,327) were recharged to NEL, and £15,910 (2023: £22,844) to Tours.”
“NEL charged The Arts Society £253,615 (2023: £2254,612) for the production of the magazine.” — page 49
“Staff costs totalling £18,853 (2023: £43,327) were recharged to NEL, and £15,910 (2023: £22,844) to Tours.”
“NEL charged The Arts Society £253,615 (2023: £2254,612) for the production of the magazine.” — page 49
“Staff costs totalling £18,853 (2023: £43,327) were recharged to NEL, and £15,910 (2023: £22,844) to Tours.”
“Governance issues were keenly debated in the first half of the year, with a very impressive 80% turn-out for the key vote on proposed changes to the Charity’s constitution.” — page 5
Year-over-year changes
- Employees paid over £60,000: 2 (FY2023) → 4 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- JEREMY DAVID NICHOLSON THOMASchair
- Anthony Clive Callender
- Dr Geraldine Anne Parlby
- Joanna Ward
- Lesley Veda Jones
- Lucy Harvey-Scholes
- Michael John Shirley
- Oliver John Leonard
- Stephen Charles Hughes
- TREVOR WALTERS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.9m | £2.4m |
| 31/12/2023 | £1.7m | £2.2m |
| 31/12/2022 | £1.5m | £2.4m |
| 31/12/2021 | £1.6m | £1.8m |
| 31/12/2020 | £1.8m | £1.7m |
Common questions
Is THE NATIONAL ASSOCIATION OF DECORATIVE AND FINE ARTS SOCIETIES financially healthy?
The accounts state that the charity reported a net expenditure of £287,483 for the year, a significant improvement from the previous year's net income, largely due to the absence of a one-off property sale gain. The trustees maintain that the charity has adequate resources to continue as a going concern, with unrestricted free reserves of £587,601 meeting their policy target of six months' expenditure. Its FY2024 accounts were audited by Moore Kingston Smith LLP.
What does the highest-paid employee of THE NATIONAL ASSOCIATION OF DECORATIVE AND FINE ARTS SOCIETIES earn?
Per its FY2024 accounts, the highest-paid employee was in the £170,001 - £180,000 band, and 4 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HUO FAMILY FOUNDATION (UK) LIMITED | 1 | £2.3m |
| THE FOYLE FOUNDATION | 1 | £798k |
| NESTA | 1 | £324k |
| THE MASTER CHARITABLE TRUST | 1 | £314k |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | 1 | £25k |
| THE ALBERT DAWSON EDUCATIONAL TRUST | 1 | £23k |
| THE SIR JOHN RITBLAT FAMILY FOUNDATION | 1 | £5k |
| THE MCCORQUODALE CHARITABLE TRUST | 1 | £4k |