NEW CONTEMPORARIES (1988) LIMITED

Registered charity 1013848 · accounts filings on the Charity Commission register

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

Causes: Arts/culture/heritage/science · website · Get email alerts

Latest income
£366k
Latest spending
£341k
Registered
1992
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: Reserves are maintained at a level, which ensures that the Charity's activity would be able to continue during a period of unforeseen difficulty. A proportion of Reserves are maintained in a readily realisable form. (held: £94k)
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.
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): instagram

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
UK government13/10/2022£120kNational Portfolio Organisations
UK government13/10/2022£120kNational Portfolio Organisations

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with OUTSET - CONTEMPORARY ART FUND.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
NEW CONTEMPORARIES (1988) LIMITED£366k0unclearno doubt
OUTSET - CONTEMPORARY ART FUND FY2023£490kbelowno doubt
THE CONTEMPORARY ART SOCIETY FY2025£2.1maboveno doubt
ARTSWORK LIMITED FY2025£1.9munclearno doubt
NEWCASTLE ARTS CENTRE TRUST LTD FY2025£175k0unclearno doubt
SPIKE ISLAND ARTSPACE LIMITED FY2025£1.5m0unclearno doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.