THE CORN EXCHANGE (NEWBURY) TRUST
The object of the charity is the education of the public in the arts in West Berkshire and the surrounding districts.
Objects
THE EDUCATION OF THE PUBLIC IN THE ARTS IN WEST BERKSHIRE AND SURROUNDING DISTRICTS.
Financial health, per its FY2025 accounts
The accounts state that the charity reported an operating profit of £229,971 and holds free unrestricted reserves of £304,343. The trustees consider the Trust to be a sound commercial concern with net current assets of £1,824,032, though they identify financial sustainability as the biggest risk due to soaring utility costs and a challenging fundraising climate.
What the accounts disclose
“The Corn Exchange (Newbury) Productions Limited is a company limited by guarantee that was incorporated to operate independently the cultural arts programme at the centre managed by the Trust. Recharges to the company from the Trust include £428,265 (2024: £364,558) in respect of supply of labour for employees with joint contracts of employment and £13,917 (2024: £13,539) for other costs charged under a cost sharing agreement entered into in June 2006. At the balance sheet date the Trust was owed £249,132 (2024: £155,584) from this company.” — page 28
“The Base Greenham is a company limited by guarantee that was incorporated to operate independently the visual arts programme at the new location known as The Base. Recharges to this company from the Trust include £6,824 (2024: £2,241) for costs paid by the Trust on behalf of the Base. At the balance sheet date the Trust was owed £3,478 (2024: £4,456) from this company. The Base has recharged £688 (2024: £618) of costs to the Trust during the year.” — page 28
“The Corn Exchange (Newbury) Productions Limited is a company limited by guarantee that was incorporated to operate independently the cultural arts programme at the centre managed by the Trust. Recharges to the company from the Trust include £428,265 (2024: £364,558) in respect of supply of labour for employees with joint contracts of employment and £13,917 (2024: £13,539) for other costs charged under a cost sharing agreement entered into in June 2006. At the balance sheet date the Trust was owed £249,132 (2024: £155,584) from this company.” — page 28
“The Base Greenham is a company limited by guarantee that was incorporated to operate independently the visual arts programme at the new location known as The Base. Recharges to this company from the Trust include £6,824 (2024: £2,241) for costs paid by the Trust on behalf of the Base. At the balance sheet date the Trust was owed £3,478 (2024: £4,456) from this company. The Base has recharged £688 (2024: £618) of costs to the Trust during the year.” — page 28
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- 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
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 196
- Government income: £490,947 — grants £490,947 (7); 17% of the £2,855,558 total gross income on the same return
- Employees paid over £60,000: 1 (£60,001–£70,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 166
- Government income: £490,138 — grants £490,138 (3); 17% of the £2,916,194 total gross income on the same return
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 127
- Government income: £321,282 — grants £321,282 (5); 13% of the £2,487,643 total gross income on the same return
- Has a trading subsidiary
Corporate structure
- Registered company of the charity Companies House 03908975
Company officers (Companies House)
- BOSE, Rebecca Jane not on trustee list
- OLUWANDE, Ibironke Abiola not on trustee list
- GHOSHEH, Issam on trustee list
- WHATSIZE, Joshua John on trustee list
- BUTCHER, Lucy on trustee list
- BAHIA, Kamal on trustee list
- HAYES, Robert John Ellis on trustee list
- MCKINLAY, Rebecca not on trustee list
- HOLLAND, Robert Charles on trustee list
- IRWIN MITCHELL SECRETARIES LIMITED
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- ROBERT HOLLANDchair
- Becki McKinlay
- Issam Ghosheh
- Joshua Whatsize
- Kamal Bahia
- Lucy Butcher
- REBECCA CONSTABLE
- Robert Hayes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.9m | £2.6m |
| 31/03/2024 | £2.9m | £2.7m |
| 31/03/2023 | £2.5m | £2.4m |
| 31/03/2022 | £2.5m | £2.4m |
| 31/03/2021 | £2.0m | £1.7m |
Common questions
Is THE CORN EXCHANGE (NEWBURY) TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported an operating profit of £229,971 and holds free unrestricted reserves of £304,343. The trustees consider the Trust to be a sound commercial concern with net current assets of £1,824,032, though they identify financial sustainability as the biggest risk due to soaring utility costs and a challenging fundraising climate. Its FY2025 accounts were audited by UHY Ross Brooke.
Who funds THE CORN EXCHANGE (NEWBURY) TRUST?
Funders whose own accounts filings name THE CORN EXCHANGE (NEWBURY) TRUST as a grant recipient include THE FOYLE FOUNDATION, THE SACKLER TRUST, THE AUSTIN AND HOPE PILKINGTON TRUST, THE THEATRES TRUST CHARITABLE FUND, MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE FOYLE FOUNDATION | FY2025 | £100k | |
| THE SACKLER TRUST | FY2023 | £60k | Social Good |
| THE SACKLER TRUST | FY2024 | £50k | |
| THE AUSTIN AND HOPE PILKINGTON TRUST | FY2025 | £5k | Grant Round 2 - £5,000 |
| THE THEATRES TRUST CHARITABLE FUND | FY2022 | £4k | |
| MISS W E LAWRENCE 1973 CHARITABLE SETTLEMENT | FY2025 | £2k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 01/04/2022 | £4k | CORN EXCHANGE (NEWBURY) TRUST LIMMITED |
| The National Lottery Community Fund | 11/02/2021 | £339k | Ageing Creatively Continued |
| The National Lottery Community Fund | 07/12/2016 | £10k | Young Corn Exchange Relaunch |
| The National Lottery Community Fund | 04/04/2016 | £117k | Ageing Creatively West Berkshire |
| The National Lottery Community Fund | 23/07/2014 | £8k | Corn Exchange Memory Cafe - for people living with dementia |
| The National Lottery Community Fund | 27/09/2007 | £4k | Alternative Histories |
| The National Lottery Heritage Fund | 27/09/2007 | £4k | "This Arts Group Will Work With Young Offenders And Older People To Develop An Intergenerational Project Based Around A Visual Arts Installat" |
| The National Lottery Community Fund | 16/02/2006 | £5k | After school film clubs |
Charities like this
- CORN EXCHANGE BENEVOLENT SOCIETY
- WEST KIRBY EDUCATIONAL TRUST
- NEWPORT CAB
- ACORN COMMUNITY CARE
- WEST BERKSHIRE TRAINING CONSORTIUM
- THE CRABBLE CORN MILL TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE CORN EXCHANGE (NEWBURY) TRUST | £2.9m | — | 0 | unclear | — | no doubt |
| CORN EXCHANGE BENEVOLENT SOCIETY | £95k | — | 0 | unclear | — | no doubt |
| WEST KIRBY EDUCATIONAL TRUST | £11.9m | — | — | unclear | — | no doubt |
| NEWPORT CAB | £1.5m | — | — | unclear | — | no doubt |
| ACORN COMMUNITY CARE | £2.8m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| WEST BERKSHIRE TRAINING CONSORTIUM | £1.4m | — | 0 | above | — | no doubt |