NEW CONTEMPORARIES (1988) LIMITED
Promote high standards of contemporary art including but without limitation by providing professional opportunities to artists who are in or have recently left educationAdvance and to educate the aesthetic taste of the public in relation to contemporary art in particular by promoting public education and discourse about contemporary art and the artists engaged in the creation of contemporary art
Objects
The Association is established:- (1) to promote high standards of contemporary art including but without limitation by:providing professional opportunities to artists that are in or have recently left education, and who have been judged by the Association the most promising contemporary new artists. These professional opportunities might include but not be limited to opportunities to be exhibited and access to studio residencies; and (2) to advance and educate the aesthetic taste of the public in relation to contemporary art in particular by promoting public education and discourse about contemporary art and artists engaged in the creation of contemporary art.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income surplus of £24,749 for the year ended 31 March 2025, resulting in total unrestricted reserves of £94,196. The trustees maintain a reserves policy requiring funds to ensure activity continuity during unforeseen difficulties, and the current unrestricted balance exceeds the designated £17,000 for Artist Development. Per the independent examiner's report, no matters were identified that would cause concern regarding the accounts or the charity's compliance with statutory requirements.
What the accounts disclose
“The Trustees have set a Reserves Policy, which requires: 1. Reserves are maintained at a level, which ensures that the Charity's activity would be able to continue during a period of unforeseen difficulty. 2. A proportion of Reserves are maintained in a readily realisable form.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Alice Amati
- Fouad Kanaan
- Harold Offeh
- Hoda Ali
- Lewis Dalton Gilbert
- Romilly Paris Stebbings
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £366k | £341k |
| 31/03/2024 | £359k | £354k |
| 31/03/2023 | £343k | £386k |
| 31/03/2022 | £399k | £448k |
| 31/03/2021 | £374k | £297k |
Common questions
Is NEW CONTEMPORARIES (1988) LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net income surplus of £24,749 for the year ended 31 March 2025, resulting in total unrestricted reserves of £94,196. The trustees maintain a reserves policy requiring funds to ensure activity continuity during unforeseen difficulties, and the current unrestricted balance exceeds the designated £17,000 for Artist Development. Per the independent examiner's report, no matters were identified that would cause concern regarding the accounts or the charity's compliance with statutory requirements. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 13/10/2022 | £120k | National Portfolio Organisations |
| UK government | 13/10/2022 | £120k | National Portfolio Organisations |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £543k |
| CECIL AND HILDA LEWIS CHARITABLE TRUST | 1 | £192k |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £111k |
| PRISM THE GIFT FUND | 1 | £68k |
| JOHN LYON'S CHARITY | 1 | £42k |
| JOHN JAMES BRISTOL FOUNDATION | 1 | £30k |
| CATHY WILLS CHARITABLE TRUST | 1 | £23k |
| WILLIAM ADLINGTON CADBURY CHARITABLE TRUST | 1 | £20k |
Charities like this
- OUTSET - CONTEMPORARY ART FUND
- THE CONTEMPORARY ART SOCIETY
- ARTSWORK LIMITED
- NEWCASTLE ARTS CENTRE TRUST LTD
- SPIKE ISLAND ARTSPACE LIMITED
- BIRMINGHAM CONTEMPORARY MUSIC GROUP
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NEW CONTEMPORARIES (1988) LIMITED | £366k | — | 0 | unclear | — | no doubt |
| OUTSET - CONTEMPORARY ART FUND | £490k | — | — | unclear | — | no doubt |
| THE CONTEMPORARY ART SOCIETY | £2.1m | — | — | above | — | no doubt |
| ARTSWORK LIMITED | £1.9m | — | — | unclear | — | no doubt |
| NEWCASTLE ARTS CENTRE TRUST LTD | £175k | — | 0 | unclear | — | no doubt |
| SPIKE ISLAND ARTSPACE LIMITED | £1.5m | — | 0 | unclear | — | no doubt |