THE ROYAL FINE ART COMMISSION TRUST
The Trust promotes knowledge, understanding and appreciation of all matters of artistic, architectural, historic or aesthetic interest by inter alia promoting visual education in schools; organising an annual award; organising lectures and seminars; publishing books and occasional papers; and instituting research and disseminating the results of it.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £31,274 for the year, though unrestricted reserves increased to £1,173,283 due to significant gains on investment revaluations. The trustees confirm that the charity has sufficient funds to continue meeting its objectives and that there are no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“It is the intention of the Trustees to maintain such a level of reserves as to generate sufficient income to fund the activities of the Trust.” — page 6
“During the year Bayley Ink, of whom S. Bayley (trustee) is a director, was reimbursed £1,498 (2024: £1,648), for expenses (printing, meeting, travel, meeting room), incurred on behalf of the charity. During the year, the charity also paid Emap Publishers, £6,000, for the Building Beauty Prize, at the Architectural Festival. Paul Finch (trustee), is an employee of Emap, although, he did not participate in the vote to engage the supplier.” — page 21
“During the year, the charity also paid Emap Publishers, £6,000, for the Building Beauty Prize, at the Architectural Festival. Paul Finch (trustee), is an employee of Emap, although, he did not participate in the vote to engage the supplier.” — page 21
“During the year Bayley Ink, of whom S. Bayley (trustee) is a director, was reimbursed £1,498 (2024: £1,648), for expenses (printing, meeting, travel, meeting room), incurred on behalf of the charity. During the year, the charity also paid Emap Publishers, £6,000, for the Building Beauty Prize, at the Architectural Festival. Paul Finch (trustee), is an employee of Emap, although, he did not participate in the vote to engage the supplier.” — page 21
“During the year, the charity also paid Emap Publishers, £6,000, for the Building Beauty Prize, at the Architectural Festival. Paul Finch (trustee), is an employee of Emap, although, he did not participate in the vote to engage the supplier.” — page 21
Trustees
- STEPHEN PAUL BAYLEYchair
- MICHAEL STIFF
- Paul Finch
- Professor Simon Philip Walter May
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £55k | £91k |
| 31/12/2024 | £58k | £96k |
| 31/12/2023 | £207k | £214k |
| 31/12/2022 | £55k | £188k |
| 31/12/2021 | £197k | £90k |
Common questions
Is THE ROYAL FINE ART COMMISSION TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £31,274 for the year, though unrestricted reserves increased to £1,173,283 due to significant gains on investment revaluations. The trustees confirm that the charity has sufficient funds to continue meeting its objectives and that there are no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were independently examined.