OUTSET - CONTEMPORARY ART FUND
Financial health, per its FY2022 accounts
The accounts state that the charity ended the period with total funds of £332,845, comprising unrestricted funds of £163,754 and restricted funds of £169,091. The trustees consider holding reserves unnecessary as they monitor cash flow weekly and do not ring-fence a buffer, though they note they are looking into formalising this for future years. The charity reported a net movement in funds of £215,544 for the year, indicating a surplus after expenditure.
What the accounts disclose
“Aggregate donations received from Trustees in the year amounted to £213,303 (2021: 173,504). Key management personnel comprise Trustees only, none of which are remunerated for their work.” — page 26
Corporate structure
- Registered company of the charity Companies House 04870490
Funders the charity credits
- Scott Collins
- Lotta Ashdown
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Veronique Parkechair
- Anne-Marie Ju Yin Tong
- MARIA MICAELA BOAS
- Nicolette Maria Cavaleros
- Roland Denis Cowan
- Simon Chadwick
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £490k | £525k |
| 31/12/2023 | £1.2m | £1.5m |
| 31/08/2022 | £1.2m | £970k |
| 31/08/2021 | £998k | £1.1m |
| 31/08/2020 | £737k | £946k |
Common questions
Is OUTSET - CONTEMPORARY ART FUND financially healthy?
The accounts state that the charity ended the period with total funds of £332,845, comprising unrestricted funds of £163,754 and restricted funds of £169,091. The trustees consider holding reserves unnecessary as they monitor cash flow weekly and do not ring-fence a buffer, though they note they are looking into formalising this for future years. The charity reported a net movement in funds of £215,544 for the year, indicating a surplus after expenditure. Its FY2022 accounts were audited by Richardson Jones.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HUO FAMILY FOUNDATION (UK) LIMITED | 1 | £2.3m |
| THE FOYLE FOUNDATION | 1 | £798k |
| NESTA | 1 | £324k |
| THE MASTER CHARITABLE TRUST | 1 | £314k |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | 1 | £25k |
| THE ALBERT DAWSON EDUCATIONAL TRUST | 1 | £23k |
| THE SIR JOHN RITBLAT FAMILY FOUNDATION | 1 | £5k |
| THE MCCORQUODALE CHARITABLE TRUST | 1 | £4k |