EAST ANGLIA ART FUND
1. To increase the understanding and enjoyment of painting and sculpture,2. to help create, in Norwich, an arts programme of national significance,3. fundraising to ensure financial security for collection exhibitions at Norwich Castle Galleries, and4. to support students through its education project including art workshops targeted at primary school children from deprived areas of Norwich.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves amounted to £53,942, with total net assets of £1,409,927. The charity reported a net deficit of £1,113 excluding investment profits, but total income exceeded total expenditure when including investment gains. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The main source of income comes from donations, subscriptions and the Board of Patrons.” — page 7
“The Trustees received no remuneration or benefits from the Fund, and were not reimbursed for any of their expenses in the year (2024: Enil). EAAF donated £200 towards a gift made to a Trustee on retirement in recognition of his services given to the charity over many years.” — page 13
“EAAF donated £200 towards a gift made to a Trustee on retirement in recognition of his services given to the charity over many years. All Trustees are members of the charity and have paid subscriptions with no conditions as shown in the Trustees Report on page 5. Except for the transactions disclosed above, there were no other related party transactions during the year.”
Trustees
- Sir NICHOLAS LYONSchair
- CHARLOTTE CRAWLEY
- James Colman
- Nichola Johnson
- SUSAN JACK
- Sir Richard Jewson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £101k | £102k |
| 31/01/2024 | £100k | £103k |
| 31/01/2023 | £104k | £95k |
| 31/01/2022 | £92k | £91k |
| 31/01/2021 | £67k | £92k |
Common questions
Is EAST ANGLIA ART FUND financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves amounted to £53,942, with total net assets of £1,409,927. The charity reported a net deficit of £1,113 excluding investment profits, but total income exceeded total expenditure when including investment gains. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £543k |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £111k |
| THE NATIONAL FOUNDATION FOR YOUTH MUSIC | 1 | £20k |
| Norwich Freemen's Charity | 1 | £10k |
| THE THEATRES TRUST CHARITABLE FUND | 1 | £5k |
Charities like this
- NORWICH ARTS CENTRE LIMITED
- NEWCASTLE ARTS CENTRE TRUST LTD
- NEW CUT ARTS
- NORFOLK AND NORWICH FESTIVAL TRUST
- NATIONAL ASSOCIATION FOR GALLERY EDUCATION
- ARTSWORK LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| EAST ANGLIA ART FUND | £101k | — | 0 | unclear | — | no doubt |
| NORWICH ARTS CENTRE LIMITED | £1.1m | — | 0 | unclear | — | no doubt |
| NEWCASTLE ARTS CENTRE TRUST LTD | £175k | — | 0 | unclear | — | no doubt |
| NEW CUT ARTS | £281k | — | 0 | unclear | — | no doubt |
| NORFOLK AND NORWICH FESTIVAL TRUST | £1.9m | £80,001 - £90,000 | 1 | above | — | no doubt |
| NATIONAL ASSOCIATION FOR GALLERY EDUCATION | £439k | — | — | unclear | — | no doubt |