NATIONAL ART COLLECTIONS FUND
The Art Fund enriches museums and galleries throughout the UK with works of art of all kinds; campaigns for the widest possible access to art; and promotes the enjoyment of art through its membership scheme.
Objects
TO SECURE BY PURCHASE, GIFT, EXCHANGE, BEQUEST OR OTHERWISE WORKS OF ART, AND OBJECTS OF NATIONAL AND HISTORICAL IMPORTANCE FOR PRESENTATION OR LOAN TO PUBLIC ART COLLECTIONS IN OUR UNITED KINGDOM AND THE COMMONWEALTH AND TO THE NATIONAL TRUST FOR PLACES OF HISTORIC INTEREST OR NATURAL BEAUTY AND THE NATIONAL TRUST FOR SCOTLAND FOR PUBLIC EXHIBITION SUCH PRESENTATION OR LOAN TO BE MADE SUBJECT TO SUCH CONDITIONS AND TERMS AS ARE REQUIRED.
Financial health, per its FY2025 accounts
The accounts state that total income increased to £18.3m in 2025, driven by growth in membership and fundraising, while charitable expenditure rose to £18.9m. The charity operated at an operating deficit of £2.1m but recorded a net income of £3.8m due to strong investment returns, resulting in total funds increasing to £61.6m. The trustees confirm the charity has adequate resources to continue as a going concern with no material uncertainty.
What the accounts disclose
“The Trustees of Art Fund have set a target for general funds of between 3-6 months of total unrestricted operating expenditure.” — page 37
“During the year two Trustees (2024: two) made donations to Art Fund totalling £550 (2024: £2,300) of which £250 was restricted to the Expanding Horizons appeal, and £300 was restricted to the Hepworth Wakefield campaign.” — page 62
“In February 2025, Clare Gough was appointed CEO of the Garfield Weston Foundation. Art Fund receives an annual grant award (£330,000 received in February 2025) from Garfield Weston Foundation as part of a long-standing, multiyear fundraising partnership awarded before Clare took up post.” — page 62
“During the year two Trustees (2024: two) made donations to Art Fund totalling £550 (2024: £2,300) of which £250 was restricted to the Expanding Horizons appeal, and £300 was restricted to the Hepworth Wakefield campaign.” — page 62
“In February 2025, Clare Gough was appointed CEO of the Garfield Weston Foundation. Art Fund receives an annual grant award (£330,000 received in February 2025) from Garfield Weston Foundation as part of a long-standing, multiyear fundraising partnership awarded before Clare took up post.” — page 62
“During the year two Trustees (2024: two) made donations to Art Fund totalling £550 (2024: £2,300) of which £250 was restricted to the Expanding Horizons appeal, and £300 was restricted to the Hepworth Wakefield campaign.” — page 62
“In February 2025, Clare Gough was appointed CEO of the Garfield Weston Foundation. Art Fund receives an annual grant award (£330,000 received in February 2025) from Garfield Weston Foundation as part of a long-standing, multiyear fundraising partnership awarded before Clare took up post.” — page 62
“During the year two Trustees (2024: two) made donations to Art Fund totalling £550 (2024: £2,300) of which £250 was restricted to the Expanding Horizons appeal, and £300 was restricted to the Hepworth Wakefield campaign.” — page 62
“In February 2025, Clare Gough was appointed CEO of the Garfield Weston Foundation. Art Fund receives an annual grant award (£330,000 received in February 2025) from Garfield Weston Foundation as part of a long-standing, multiyear fundraising partnership awarded before Clare took up post.” — page 62
“The trading activities of Art Fund are carried out by its service company, Art Fund Services Limited, a company incorporated in England and Wales (registered number 01487654).” — page 34
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Employees paid over £60,000: 12 (£60,001–£70,000: 3; £70,001–£80,000: 2; £80,001–£90,000: 3; £90,001–£100,000: 1; £100,001–£110,000: 1; £110,001–£120,000: 1; £150,001–£200,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2024
- Employees paid over £60,000: 9 (£60,001–£70,000: 2; £70,001–£80,000: 1; £80,001–£90,000: 2; £100,001–£110,000: 1; £110,001–£120,000: 2; £150,001–£200,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Self-declared on the annual return for the financial year ending 31/12/2023
- Employees paid over £60,000: 10 (£60,001–£70,000: 3; £70,001–£80,000: 2; £80,001–£90,000: 1; £90,001–£100,000: 1; £100,001–£110,000: 1; £110,001–£120,000: 1; £140,001–£150,000: 1)
- Has a trading subsidiary
- Grant-making is its main activity
Corporate structure
- Trading subsidiary: ART FUND SERVICES LIMITED Companies House 01487654
- Turnover: £159k
- Profit/loss before tax: £118k
- Equity: £100
- Turnover: £159k
- Profit before tax: £118k
- Donated/gift-aided to the charity: £118k
- Disclosure exemption adopted for related party transactions between group members.
“All profits in the ycar are donated to Art Fund by way of Gift Aid.”
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (25/03/2026)
- Received assets from another charity (20/08/2024)
- Received assets from another charity (10/05/2024)
Trustees
- Alexander Nairne CBEchair
- Anupam Ganguli
- Claire Elizabeth Cleaver
- Clare Jennifer Gough
- Desmond Shawe-Taylor
- Dr David Dibosa
- Jeremy Deller
- Katrina Brown
- Madeleine Kennedy
- Professor Caroline Alexandra van Eck
- ROBERT ALAN GLICK
- Satish Padiyar
- Sir Nigel Martyn Carrington
- Stella Abadesi Osunsade
- Susan Lambert
- Tessa Jackson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £18.3m | £20.3m |
| 31/12/2024 | £17.7m | £17.9m |
| 31/12/2023 | £16.3m | £19.4m |
| 31/12/2022 | £13.9m | £20.9m |
| 31/12/2021 | £17.6m | £16.6m |
Common questions
Is NATIONAL ART COLLECTIONS FUND financially healthy?
Per its FY2025 accounts: The accounts state that total income increased to £18.3m in 2025, driven by growth in membership and fundraising, while charitable expenditure rose to £18.9m. The charity operated at an operating deficit of £2.1m but recorded a net income of £3.8m due to strong investment returns, resulting in total funds increasing to £61.6m. The trustees confirm the charity has adequate resources to continue as a going concern with no material uncertainty. Its FY2025 accounts were audited by Crowe U.K. LLP.
Who funds NATIONAL ART COLLECTIONS FUND?
Funders whose own accounts filings name NATIONAL ART COLLECTIONS FUND as a grant recipient include GARFIELD WESTON FOUNDATION, THE FOYLE FOUNDATION, THE MASTER CHARITABLE TRUST, NESTA, THE SIR JOHN RITBLAT FAMILY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| GARFIELD WESTON FOUNDATION | FY2023 | £1.0m | Museums & Heritage |
| GARFIELD WESTON FOUNDATION | FY2023 | £500k | Museums & Heritage |
| GARFIELD WESTON FOUNDATION | FY2023 | £500k | Museums & Heritage |
| THE FOYLE FOUNDATION | FY2024 | £400k | |
| THE FOYLE FOUNDATION | FY2025 | £398k | |
| THE MASTER CHARITABLE TRUST | FY2025 | £314k | Advancement of the arts, culture, heritage or science |
| NESTA | FY2024 | £260k | Central Commissioning Fund - Early Years Museum Innovation (Art Fund partnership project) |
| NESTA | FY2024 | £64k | Central Commisioning Fund |
| THE SIR JOHN RITBLAT FAMILY FOUNDATION | FY2025 | £25k | |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2025 | £15k | Advancement of the arts, culture, heritage and science |
| THE JOHN R. MURRAY CHARITABLE TRUST | FY2024 | £15k | Advancement of the arts, culture, heritage and science |
| THE SIR JOHN RITBLAT FAMILY FOUNDATION | FY2024 | £5k | |
| THE MCCORQUODALE CHARITABLE TRUST | FY2025 | £4k | |
| THE ARDEOLA CHARITABLE TRUST | FY2022 | £2k | |
| THE IAN ASKEW CHARITABLE TRUST | FY2022 | £2k | Grant |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 29/11/2022 | £3.1m | "#DYC: Going Places (working title)" |
| UK government | 17/12/2019 | £572k | Derek Jarmans Prospect Cottage: securing the future of an inspirational building, garden, collection and archive |
| UK government | 17/12/2019 | £1.1m | Derek Jarmans Prospect Cottage: securing the future of an inspirational building, garden, collection and archive |
| The National Lottery Heritage Fund | 02/08/2017 | £93k | "Art Happens Phase 2: building skills and resilience for heritage organisations through crowdfunding" |
| The National Lottery Heritage Fund | 22/07/2014 | £5.0m | "Appeal to save the Wedgwood Collection" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FREELANDS FOUNDATION LIMITED | 2 | £1.4m |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | 2 | £75k |
| The SVH Foundation | 1 | £10.2m |
| PRISM THE GIFT FUND | 1 | £1.7m |
| THE ROTHSCHILD FOUNDATION | 1 | £1.3m |
| THE FIDELITY UK FOUNDATION | 1 | £218k |
| THE VASEPPI TRUST | 1 | £150k |
| THE NATIONAL GALLERY TRUST | 1 | £119k |
Charities like this
- THE NATIONAL ASSOCIATION OF DECORATIVE AND FINE ARTS SOCIETIES
- THE ARTS COUNCIL OF ENGLAND
- THE NATIONAL GALLERY TRUST
- CAMPAIGN FOR THE ARTS
- THE INGRAM ART FOUNDATION
- THE PUBLIC CATALOGUE FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NATIONAL ART COLLECTIONS FUND | £18.3m | — | — | within | — | no doubt |
| THE NATIONAL ASSOCIATION OF DECORATIVE AND FINE ARTS SOCIETIES | £1.6m | — | — | within | — | no doubt |
| THE ARTS COUNCIL OF ENGLAND | £843.1m | — | — | unclear | — | no doubt |
| THE NATIONAL GALLERY TRUST | £8.4m | — | 0 | unclear | — | no doubt |
| CAMPAIGN FOR THE ARTS | £129k | — | 0 | within | — | no doubt |
| THE INGRAM ART FOUNDATION | £152k | — | — | unclear | — | no doubt |