NATIONAL ART COLLECTIONS FUND

Registered charity 209174 · accounts filings on the Charity Commission register · also known as THE ART FUND · also registered in Scotland as SC038331 (OSCR)

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.

Causes: Arts/culture/heritage/science · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£17.7m
Latest spending
£17.9m
Registered
1962
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £150,001 - £160,000 — above the median for charities its size (£130k)
“£150,001 - £160,000 1”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three to six months of total unrestricted operating expenditure (held: £43.2m)
“The Trustees of Art Fund have set a target for general funds of between 3-6 months of total unrestricted operating expenditure.” — page 34
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations from Trustees
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations from American Friends of the Art Fund (AFAF)
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payments to AFAF
“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
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Art Fund Services Limited
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Crowe U.K. LLP. Discloses 5 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Corporate structure

ART FUND SERVICES LIMITED — latest Companies House iXBRL filing (balance sheet 2025-12-31)
  • Turnover: £159k
  • Profit/loss before tax: £118k
  • Equity: £100
ART FUND SERVICES LIMITED — per its own Companies House accounts
  • 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)

2 registered titles in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £500k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/12/2024)

Total income
£17.7m
Total spending
£17.9m
Cost of raising funds
£1.3m
Reserves (reported)
£4.1m
Employees
80

Reported reserves equal ~2.7 months of spending — below the median for charities its size (median 4.6 months; benchmarks).

Per its annual return, cost of raising funds: 7.6% of total income — above the median for charities its size (3.8%) (benchmarks).

Register events

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
GARFIELD WESTON FOUNDATIONFY2023£1.0mMuseums & Heritage
GARFIELD WESTON FOUNDATIONFY2023£500kMuseums & Heritage
GARFIELD WESTON FOUNDATIONFY2023£500kMuseums & Heritage
THE FOYLE FOUNDATIONFY2024£400k
THE FOYLE FOUNDATIONFY2025£398k
THE MASTER CHARITABLE TRUSTFY2025£314kAdvancement of the arts, culture, heritage or science
NESTAFY2024£260kCentral Commissioning Fund - Early Years Museum Innovation (Art Fund partnership project)
NESTAFY2024£64kCentral Commisioning Fund
THE SIR JOHN RITBLAT FAMILY FOUNDATIONFY2025£25k
THE JOHN R. MURRAY CHARITABLE TRUSTFY2024£15kAdvancement of the arts, culture, heritage and science
THE SIR JOHN RITBLAT FAMILY FOUNDATIONFY2024£5k
THE MCCORQUODALE CHARITABLE TRUSTFY2025£4k
THE IAN ASKEW CHARITABLE TRUSTFY2022£2kGrant
THE ARDEOLA CHARITABLE TRUSTFY2022£2k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund29/11/2022£3.1m"#DYC: Going Places (working title)"
UK government17/12/2019£572kDerek Jarman’s Prospect Cottage: securing the future of an inspirational building, garden, collection and archive
UK government17/12/2019£1.1mDerek Jarman’s Prospect Cottage: securing the future of an inspirational building, garden, collection and archive
The National Lottery Heritage Fund02/08/2017£93k"Art Happens Phase 2: building skills and resilience for heritage organisations through crowdfunding"
The National Lottery Heritage Fund22/07/2014£5.0m"Appeal to save the Wedgwood Collection"

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE CONTEMPORARY ART SOCIETY.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NATIONAL ART COLLECTIONS FUND£17.7m£150,001 - £160,000—within—no doubt
THE CONTEMPORARY ART SOCIETY FY2025£2.1m——above—no doubt
THE PUBLIC CATALOGUE FOUNDATION FY2025£2.2m—0above7.0%no doubt
JERWOOD FOUNDATION FY2025£1.3m——above—no doubt
OUTSET - CONTEMPORARY ART FUND FY2024£490k——unclear—no doubt
ARTSWORK LIMITED FY2025£1.9m——unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.