FERENS ART GALLERY
THE PROVISION AND MAINTENANCE OF AN ART GALLERY FOR THE EXHIBITION OF WORKS OF ART IN PERPETUITY AND THE PURCHASE OF WORKS OF ART FOR EXHBITION THEREIN.
Objects
THE PROVISION AND MAINTENANCE OF AN ART GALLERY FOR THE EXHIBITION OF WORKS OF ART IN PERPETUITY
Financial health, per its FY2025 accounts
The accounts state that the charity's financial position is strong, with net assets amounting to £115,966,856 for the Ferens Art Gallery and £9,354,977 for the Endowment Fund. The trustees report that the charity has sufficient reserves to enable debts to be paid as they fall due and do not foresee any problems continuing operations for the next twelve months.
What the accounts disclose
“Income from investments and interest amounted to £233,705 (2024: £224,842).” — page 19
“The Trust operates a Reserves Policy whereby the fund retains sufficient cash to ensure it has sufficient available funds for its operations.” — page 3
Policies the charity declares
- 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
- Risk management
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £242k | £348k |
| 31/03/2024 | £228k | £346k |
| 31/03/2023 | £170k | £296k |
| 31/03/2022 | £156k | £285k |
| 31/03/2021 | £174k | £293k |
Common questions
Is FERENS ART GALLERY financially healthy?
Per its FY2025 accounts: The accounts state that the charity's financial position is strong, with net assets amounting to £115,966,856 for the Ferens Art Gallery and £9,354,977 for the Endowment Fund. The trustees report that the charity has sufficient reserves to enable debts to be paid as they fall due and do not foresee any problems continuing operations for the next twelve months. Its FY2025 accounts were audited by Sadofskys.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 02/12/1998 | £53k | "Ferens Art Gallery Children's Gallery, Hull" |