entrance fees to see the collection at various locations and selling books and merchandise to the public. The Trust is financially independent and receives no Government funding or public subsidy. A studio at Marlborough House is responsible for the conservation of furniture and decorative objects. Owing to the COVID-19 pandemic, the Trust lost £64 million during 2020 and announced 130 redundancies, including the roles of Surveyor of the Queen's Pictures and Surveyor of the Queen's Works of Art. The Royal Collection Trust is a company limited by guarantee, registered in England and Wales, and a Registered Charity. On its website, the Trust describes its purpose as overseeing the "maintenance and conservation of the Royal Collection, subject to proper custodial control in the service of the Queen and the nation." It also deals with acquisitions for the Royal Collection, and the display of the Royal Collection to the public. Board of Trustees The Board of Trustees includes the following officers of the Royal Household: the Lord Chamberlain, the Private Secretary to the Sovereign and the Keeper of the Privy Purse. Other Trustees are appointed for their knowledge and expertise in areas relevant to the charity's activities. Currently, the trustees are: James Leigh-Pemberton (Chairman) Marc Bolland (Deputy Chairman) Brian Ivory Tony Johnstone-Burt Anna Keay Tonya Nelson Monisha Shah Lord Parker of Minsmere (Lord Chamberlain) Michael Stevens (Keeper of the Privy Purse) Edward Young (Private Secretary to the Sovereign) Management Board The Management Board is the committee responsible for the day-to-day running of the Royal Collection. It is appointed by the Board of Trustees. It consists of: Tim Knox (Director of the Royal Collection) Keith Harrison (Finance Director) Michelle Lockhart (Commercial Director) Gallery See also Arts Council Collection Crown Collection Government Art Collection Portland Collection Royal Philatelic Collection Surveyor of the Queen's Pictures Surveyor of the Queen's Works of Art Wallace Collection Notes References Bibliography Lloyd, Christopher (1991), The Queen's Pictures, Royal Collectors through the centuries, National Gallery Publications, . Further reading External links YouTube channel Vimeo channel British monarchy British royal family Private art collections Art collections in the United Kingdom Material culture of royal courts