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.
Financial health, per its FY2024 accounts
The accounts state that total income increased to £17.7m in 2024, driven by growth in membership and legacy receipts, while charitable expenditure decreased to £16.6m. The charity recorded a net surplus of £3.5m for the year, resulting in total unrestricted reserves of £43.2m, which the trustees confirm are adequate to maintain liquidity for at least one year.
What the accounts disclose
“£150,001 - £160,000 1”
“The Trustees of Art Fund have set a target for general funds of between 3-6 months of total unrestricted operating expenditure.” — page 34
“During the year two Trustees (2023: one) made donations to Art Fund totalling £2,300 (2023: £1,500) of which £1,200 was restricted to the Expanding Horizons appeal, and £1,200 was restricted to the Making Connections appeal.” — page 55
“In 2024 £434,541 (2023: £nil) was donated to Art Fund by American Friends of the Art Fund (AFAF), a US based non-profit organisation. AFAF is a related party as Art Fund’s Director is also a director of AFAF.” — page 55
“During the year two Trustees (2023: one) made donations to Art Fund totalling £2,300 (2023: £1,500) of which £1,200 was restricted to the Expanding Horizons appeal, and £1,200 was restricted to the Making Connections appeal.” — page 55
“In 2024 £434,541 (2023: £nil) was donated to Art Fund by American Friends of the Art Fund (AFAF), a US based non-profit organisation. AFAF is a related party as Art Fund’s Director is also a director of AFAF.” — page 55
“During the year two Trustees (2023: one) made donations to Art Fund totalling £2,300 (2023: £1,500) of which £1,200 was restricted to the Expanding Horizons appeal, and £1,200 was restricted to the Making Connections appeal.” — page 55
“In 2024 £434,541 (2023: £nil) was donated to Art Fund by American Friends of the Art Fund (AFAF), a US based non-profit organisation. AFAF is a related party as Art Fund’s Director is also a director of AFAF.” — page 55
“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 33
Year-over-year changes
- Top pay band moved from £140,001 - £150,000 (FY2023) to £150,001 - £160,000 (FY2024).
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 31/12/2024)
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
- Clare Jennifer Gough
- Desmond Shawe-Taylor
- Dr David Dibosa
- Jeremy Deller
- Katrina Brown
- Madeleine Kennedy
- Professor Caroline Alexandra van Eck
- Satish Padiyar
- Sir Nigel Martyn Carrington
- Stella Abadesi Osunsade
- Susan Lambert
- Tessa Jackson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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 |
| 31/12/2020 | £14.5m | £18.1m |
Common questions
Is NATIONAL ART COLLECTIONS FUND financially healthy?
Per its FY2024 accounts: The accounts state that total income increased to £17.7m in 2024, driven by growth in membership and legacy receipts, while charitable expenditure decreased to £16.6m. The charity recorded a net surplus of £3.5m for the year, resulting in total unrestricted reserves of £43.2m, which the trustees confirm are adequate to maintain liquidity for at least one year. Its FY2024 accounts were audited by Crowe U.K. LLP.
What does the highest-paid employee of NATIONAL ART COLLECTIONS FUND earn?
Per its FY2024 accounts, the highest-paid employee was in the £150,001 - £160,000 band.
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 | 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 IAN ASKEW CHARITABLE TRUST | FY2022 | £2k | Grant |
| THE ARDEOLA CHARITABLE TRUST | FY2022 | £2k |
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 JULIA RAUSING TRUST | 1 | £761k |
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £543k |
| THE FREELANDS FOUNDATION LIMITED | 1 | £328k |
| THE FIDELITY UK FOUNDATION | 1 | £218k |
| CECIL AND HILDA LEWIS CHARITABLE TRUST | 1 | £192k |
| THE NATIONAL GALLERY TRUST | 1 | £119k |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £111k |
| PRISM THE GIFT FUND | 1 | £68k |
Charities like this
- THE CONTEMPORARY ART SOCIETY
- THE PUBLIC CATALOGUE FOUNDATION
- JERWOOD FOUNDATION
- OUTSET - CONTEMPORARY ART FUND
- ARTSWORK LIMITED
- THE INGRAM ART 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 | £17.7m | £150,001 - £160,000 | — | within | — | no doubt |
| THE CONTEMPORARY ART SOCIETY | £2.1m | — | — | above | — | no doubt |
| THE PUBLIC CATALOGUE FOUNDATION | £2.2m | — | 0 | above | 7.0% | no doubt |
| JERWOOD FOUNDATION | £1.3m | — | — | above | — | no doubt |
| OUTSET - CONTEMPORARY ART FUND | £490k | — | — | unclear | — | no doubt |
| ARTSWORK LIMITED | £1.9m | — | — | unclear | — | no doubt |