Finance Score: 2

Governance Score: 5

Support Score: 15

Large legacies income: +1
Multiple Deficits: -2
Fundraising costs low: +3

12+ Trustees: -1
Dynamic board: +3
Gender balanced board: +3

Overall weighted support: +15

Overall GiG Score: 22

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:

Why are there 17 trustees whereas the Charities Commission recommends a maximum of 12?

Financial issues to consider:

On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/23	£16,336	£19,402	£-3,066	£1,105	£54,309	£3,476	2.1	80	0
31/12/22	£13,948	£20,873	£-6,925	£1,036	£54,136	£42,698	24.5	72	0
31/12/21	£17,640	£16,579	£1,061	£990	£62,005	£6,920	5	72	0
31/12/20	£14,470	£18,067	£-3,597	£1,043	£56,262	£5,008	3.3	69	0
31/12/19	£17,061	£17,093	£-32	£1,221	£58,303	£52,270	36.7	63	472
31/12/18	£14,829	£14,576	£253	£0	£52,975	£47,201	38.9	60	0
31/12/17	£13,692	£15,599	£-1,907	£1,441	£54,467	£48,619	37.4	55	0
31/12/16	£15,192	£18,049	£-2,857	£1,432	£51,990	£45,945	30.5	52	0
31/12/15	£14,802	£12,654	£2,148	£1,465	£49,656	£44,999	42.7	49	0
31/12/14	£24,111	£20,735	£3,376	£1,403	£46,570	£42,082	24.4	43	0
31/12/13	£10,558	£10,746	£-188	£1,330	£40,977	£37,070	41.4	39	0
31/12/12	£15,070	£11,184	£3,886	£1,246	£36,623	£33,146	35.6	38	0
31/12/11	£8,464	£12,369	£-3,905	£690	£29,650	£25,488	24.7	38	0
31/12/10	£10,036	£12,198	£-2,162	£806	£34,174	£30,134	29.6	39	0
31/12/09	£8,120	£9,389	£-1,269	£790	£32,337	£28,291	36.2	39	0
31/12/08	£10,016	£10,872	£-856	£772	£30,017	£26,545	29.3	37	0
31/12/07	£48,171	£50,010	£-1,839	£686	£38,236	£35,060	8.4	36	0
31/12/06	£8,227	£8,476	£-249	n/a	n/a	n/a	n/a	n/a	n/a
31/12/05	£7,518	£7,492	£26	n/a	n/a	n/a	n/a	n/a	n/a
31/12/04	£6,831	£6,335	£496	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 7.6%
Fundraising Costs/Total Spending: 6.2%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £140,000-£150,000
Liabilities/Assets: 12%
Liabilities/Income: 43%
Unrestricted Funds/Total Funds: 6%
Reserves/Spending: 2.1 months
Net Current Assets/Spending: 1 months
Quick Ratio: 1.2

Asset Split ?

Balance Sheet History

Established: 62 years

www.artfund.org

info@artfund.org

02072254800

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science

GiG Classification

Museums, parks, historical sites

How it operates

Makes grants to organisations

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Other Defined Groups

Who supports them? ?

Donations from Grant Makers ?

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

Major supporters in last 5 years

Wolfson Foundation	£1,840,000
DCMS	£1,715,355
Garfield Weston Foundation	£1,000,000
Nesta	£332,000
National Lottery Heritage Fund	£252,839

Specific Donations

Amount	When Months	To be used for
Nesta - AC01680
£260,000	26/03/2024 12	Early Years Museum Innovation (Art Fund partnership project) programme grant to National Art Collections Fund Grant Ref AC01680
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
Nesta - AC01580
£72,000	14/06/2023 6	Central Commisioning Fund programme grant to National Art Collections Fund Grant Ref AC01580
Garfield Weston Foundation - Multi-Year Grant (3 Years) award
£1,000,000	20/03/2023 36	Weston Loan Programme, Phase 3 £990,000 over three years towards the next three years of the Weston Loan 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 Jarmans Prospect Cottage: securing the future of an inspirational building, garden, collection and archive
£1,143,570	17/12/2019	Derek Jarmans Prospect Cottage: securing the future of an inspirational building, garden, collection and archive
DCMS - Derek Jarmans Prospect Cottage: securing the future of an inspirational building, garden, collection and archive
£571,785	17/12/2019	Derek Jarmans 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 36	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 16/17 persons

ALEXANDER NAIRNE CBE (Chair) Appointed: 2024

ANUPAM GANGULI Appointed: 2020

AXEL CHRISTIAN RUGER Appointed: 2015

CLARE JENNIFER GOUGH Appointed: 2022

DESMOND SHAWE-TAYLOR Appointed: 2022

DR DAVID DIBOSA Appointed: 2023

JEREMY DAVID FLETCHER PALMER Appointed: 2015

KATRINA BROWN Appointed: 2018

MADELEINE KENNEDY Appointed: 2021

MONISHA SHAH Appointed: 2017

PROFESSOR MARCIA POINTON Appointed: 2015

RICHARD DEACON CBE RA Appointed: 2015

SATISH PADIYAR Appointed: 2021

SIR NIGEL MARTYN CARRINGTON Appointed: 2023

STELLA ABADESI OSUNSADE Appointed: 2022

SUSAN REES Appointed: 2021

TESSA JACKSON Appointed: 2018

Legal constitution

Charity registered in England & Wales on 16/10/1962, number: 209174

Gift Aid

Registered with HMRC for Gift Aid

Event History

Linked charity: MRS M B GULL BEQUEST
Linked charity: W B BOND BEQUEST
Linked charity: COCHRANE BEQUEST
Linked charity: THE RAMSAY-DYCE BEQUEST
Linked charity: CAMPBELL DODGSON BEQUEST
Linked charity: THE REGINALD JONES BEQUEST
Linked charity: MRS A M MARSHALL
Linked charity: ROBERT IVOR GUNN BEQUEST
10/05/2024 - Asset transfer in from THE DUDLEY DODD CHARITABLE TRUST
20/08/2024 - Asset transfer in from THE ARTS SOCIETY TONBRIDGE

Policies in force

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

Filing Record

20 returns made; all on time

Recent reorganisation events:

Asset transfer in from THE DUDLEY DODD CHARITABLE TRUST on 10/05/2024
Asset transfer in from THE ARTS SOCIETY TONBRIDGE on 20/08/2024

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

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