THE FEDERATION OF BRITISH ARTISTS
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating deficit of £42,842 for the year ended 31 December 2024, driven by higher staff costs and inflation-related expenses. Per the trustees' report, free reserves of £163,185 are below the stated policy target of approximately £421,000, representing three months of expenditure. The charity maintains a cash balance of £623,679 and has a plan to rebuild reserves over a five-year period.
What the accounts disclose
“The trustees have set a target level of free reserves consistent with our ability to protect our future activities from unexpected financial risk as a minimum of three months of expenditure. This equates to approximately £421,000 at 2024 expenditure levels.” — page 23
“The charity received commission and hire fees totalling £9,606 (2023 - £16,347) from members of the Board of Trustees in respect of the sale of paintings through exhibitions by societies of which they are members, or commissioned paintings or gallery hire.” — page 47
“The trading activities of the Federation are conducted by Mall Galleries Trading Limited, the charity’s wholly owned trading subsidiary” — page 8
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Kathryn Jane Ellisonchair
- Anthony Connolly
- Benjamin Gordon Tobias Ward
- Carolyn Frances Simpson
- Dana Rebecca Arnold
- Jonathan David Stevenson Coppin
- Luis Michael Morris
- Martin Philip Howarth
- Maxine Lesley Angus
- Michael Frank Harrison
- Nalinika Amrita Heenan
- Nicholas David Glazebrook
- Richard Timothy Rees
- Rosie Jennifer Martyr
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.6m | £1.7m |
| 31/12/2023 | £1.6m | £1.5m |
| 31/12/2022 | £1.3m | £1.6m |
| 31/12/2021 | £1.4m | £1.5m |
| 31/12/2020 | £1.1m | £1.5m |
Common questions
Is THE FEDERATION OF BRITISH ARTISTS financially healthy?
The accounts state that the charity reported an operating deficit of £42,842 for the year ended 31 December 2024, driven by higher staff costs and inflation-related expenses. Per the trustees' report, free reserves of £163,185 are below the stated policy target of approximately £421,000, representing three months of expenditure. The charity maintains a cash balance of £623,679 and has a plan to rebuild reserves over a five-year period. Its FY2024 accounts were audited by Buzzacott Audit LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 10/09/2010 | £192k | "Federation of British Artists/ Mall Galleries Heritage Learning Centre" |