Overall GiG Score: 19 ?
Finance Score: 0
Governance Score: 5
Support Score: 14
  • Excess reserves: -2
  • Large legacies income: +1
  • Multiple Deficits: -2
  • Fundraising costs low: +3
  • 12+ Trustees: -1
  • Dynamic board: +3
  • Gender balanced board: +3
  • Grant maker support: +14

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.
Analysis by Giving is Great

Positives:

  • The charity has received backing from multiple prominent grant makers recently
  • This charity has received considerable income from legacies in recent years
  • Spending has increased over the last 3 years relative to the previous period
  • Fundraising costs are low relative to funds raised
  • The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

  • There are 17 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

  • This charity has substantial assets and unrestricted reserves of £42,698,000 available, equivalent to 25 months of spending and so may not be able to utilise additional funding
  • On several occasions in recent years income has been less than spending
Established: 54 years

www.artfund.org

info@artfund.org

02072254800

Charity Commission for England and WalesFacebookInstagramX

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k
Spending
£k
Surplus/
Deficit
Fundraising
Cost £k
Total
Funds £k
Unrestricted
Funds £k
Mths
Rsrvs
Staff Volun-
teers
31/12/22£13,948£20,873£-6,925£1,036£54,136£42,69824.5720
31/12/21£17,640£16,579£1,061£990£62,005£6,9205720
31/12/20£14,470£18,067£-3,597£1,043£56,262£5,0083.3690
31/12/19£17,061£17,093£-32£1,221£58,303£52,27036.763472
31/12/18£14,829£14,576£253£0£52,975£47,20138.960488
31/12/17£13,692£15,599£-1,907£1,441£54,467£48,61937.4550
31/12/16£15,192£18,049£-2,857£1,432£51,990£45,94530.5520
31/12/15£14,802£12,654£2,148£1,465£49,656£44,99942.7490
31/12/14£24,111£20,735£3,376£1,403£46,570£42,08224.4430
31/12/13£10,558£10,746£-188£1,330£40,977£37,07041.4390
31/12/12£15,070£11,184£3,886£1,246£36,623£33,14635.6380
31/12/11£8,464£12,369£-3,905£690£29,650£25,48824.7380
31/12/10£10,036£12,198£-2,162£806£34,174£30,13429.6390
31/12/09£8,120£9,389£-1,269£790£32,337£28,29136.2390
31/12/08£10,016£10,872£-856£772£30,017£26,54529.3370
31/12/07£48,171£50,010£-1,839£686£38,236£35,0608.4360
31/12/06£8,227£8,476£-249£0£0£0n/a00
31/12/05£7,518£7,492£26£0£0£0n/a00
31/12/04£6,831£6,335£496£0£0£0n/a00

Financial Ratios
Fundraising Costs/Relevant Income: 8.6%
Fundraising Costs/Total Spending: 5.4%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £140,000-£150,000
Liabilities/Assets: 18%
Liabilities/Income: 85%
Unrestricted Funds/Total Funds: 79%
Reserves/Spending: 24.5 months
Net Current Assets/Spending: 3 months
Quick Ratio: 1.7
Asset Split ?
What it does
  • Arts/Culture/Heritage/Science
Who works here?
  • 72 employees
Who it helps
  • Other Defined Groups
How it operates
  • Makes Grants to Organisations
Where it operates
  • Northern Ireland, Scotland, Throughout England And Wales,

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years
Wolfson Foundation£3,640,000
DCMS£1,715,355
Garfield Weston Foundation£810,000
National Lottery Heritage Fund£252,839
Specific Donations
Amount When
Months
To be used for
Esmee Fairbairn - Grant to Art Fund
£60,000 31/01/2024
Towards project costs for the creation of a suite of resources to support Community Engagement, Co-creation, and Co-curation in museum exhibition touring as part of the Going Places programme
National Lottery Heritage Fund - Grant to National Art Collections Fund
£252,839 02/12/2022
#DYC: Going Places (working title)
The Foyle Foundation - Learning (MGS)
£50,000 20/09/2022
to raise the profile of the environmental training and resources offered free to museums as part of the UK wide project, 'The Wild Escape', in partnership with Roots and Branches
Wolfson Foundation - Grant to Art Fund
£1,800,000 08/06/2022
Purchasing of works of art and New Collecting Awards
Wolfson Foundation - Grant to Art Fund
£40,000 11/06/2020
Restoration of Prospect Cottage, Dungeness - joint application with Creative Folkestone
DCMS - Derek Jarman’s Prospect Cottage: securing the future of an inspirational building, garden, collection and archive
£1,143,570 17/12/2019
Derek Jarman’s Prospect Cottage: securing the future of an inspirational building, garden, collection and archive
DCMS - Derek Jarman’s Prospect Cottage: securing the future of an inspirational building, garden, collection and archive
£571,785 17/12/2019
Derek Jarman’s Prospect Cottage: securing the future of an inspirational building, garden, collection and archive
Garfield Weston Foundation - Multi-Year Grant (3 Years) award
£810,000 16/10/2019
Weston Loan Programme Round 2
Wolfson Foundation - Grant to Art Fund
£1,800,000 13/06/2019
Purchasing of works of art and New Collecting Awards
National Lottery Heritage Fund - Grant to Art Fund
£93,200 02/08/2017
Art Happens Phase 2: building skills and resilience for heritage organisations through crowdfunding
Esmee Fairbairn - Grant to Art Fund
£100,000 27/07/2016
12
Towards the continuation of the New Collecting Awards programme for museums and galleries.
Nesta - ACE0321
£124,981 20/08/2014
Digital R&D Fund programme grant to National Arts Collection Fund Grant Ref ACE0321
National Lottery Heritage Fund - Grant to Art Fund
£5,000,000 22/07/2014
Appeal to save the Wedgwood Collection
Esmee Fairbairn - Grant to Art Fund
£200,000 24/06/2014
Towards a programme of support for curators at museums and galleries across the UK.
Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (17)
Current Trustees appointed
Gender Split
Based on 15/17 persons

Legal constitution
  • Charity registered in England & Wales on 20/03/1970, number: 209174
Gift Aid
  • Registered with HMRC for Gift Aid
Policies in force
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Volunteer management
Filing Record
19 returns made; all on time
Main office

2 Granary Square
King's Cross
LONDON
N1C 4BH

Objectives

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.

Defined Area of Benefit:

GREAT BRITAIN AND THE COMMONWEALTH

Data Sources

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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