THE PATRICK HERON TRUST
To advance public education in and appreciation of the arts by providing access of the work of the abstract and figurative artist Patrick Heron ( 1920-1999) and promoting academic research, the useful results of which will be published for the public benefit
Financial health, per its FY2026 accounts
The accounts state that the charity reported an unrestricted surplus of £3,592 for the year ended 31 March 2026, bringing total unrestricted reserves to £216,926. Per the trustees' report, these reserves significantly exceed the stated policy target of £75,000–£100,000, a situation attributed to the charity being at an early stage of evolution and having only recently begun spending reserves generated from original donations.
What the accounts disclose
“The Trustees anticipate the Unrestricted Reserves needed to fulfil these criteria as £75,000 as a minimum, and the target level of Unrestricted Reserves to be in the range of £75,000 to £100,000.” — page 3
“In the year to 31 March 2026, two of the Trustees donated a total of £150,000 to the charity (2024/25: 2 Trustees donated £50,000). All donations were provided specifically towards the production of The Catalogue Raisonné of Oil Paintings by Patrick Heron.” — page 17
Trustees
- KATHARINE BRIDE HERONchair
- Caroline Collier
- JOHN ANDREW WILKIN
- Kate Arnold-Forster
- Michael Bird
- Paul Ayres
- Susanna Heron
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2026 | £189k | £188k |
| 31/03/2025 | £63k | £143k |
| 31/03/2024 | £250k | £59k |
| 31/03/2023 | £125k | £59k |
| 31/03/2022 | £181k | £23k |
Common questions
Is THE PATRICK HERON TRUST financially healthy?
Per its FY2026 accounts: The accounts state that the charity reported an unrestricted surplus of £3,592 for the year ended 31 March 2026, bringing total unrestricted reserves to £216,926. Per the trustees' report, these reserves significantly exceed the stated policy target of £75,000–£100,000, a situation attributed to the charity being at an early stage of evolution and having only recently begun spending reserves generated from original donations. Its FY2026 accounts were independently examined.