NEXUS INSTITUTE OF CREATIVE ARTS
Nexus ICA delivers 3 undergraduate degrees and 1 postgraduate, validated by University of West London. All are delivered in a Christian, faith-based environment and are available regardless of faith. Additional activities include provision of venue facilities and instrument tuition to the local community. Performance bands are trained to work in both a youth context and for public entertainment.
Financial health, per its FY2025 accounts
The accounts state that the charity is in the process of closing after the 2025/26 academic year, with financial statements prepared on a basis other than going concern. Per the trustees' report, unrestricted reserves stood at £464,341 against a policy target of three months' operating costs, while the charity reported a net expenditure of £75,378 for the year.
What the accounts disclose
“In line with Charities Commission guidelines, Nexus ICA keep a minimum of 3 months operating costs in strategic reserve.” — page 7
“In April 2024 the trustees took the decision to close the charity after the end of the 2025/26 academic year. Closure is planned less than 12 months from the date of the approval of these financial statements, consequently, the financial statements are not prepared on a going concern basis but instead a basis other than the going concern.” — page 18
Structured financials (annual return, FY ending 31/08/2023)
Register events
- Received assets from another charity (18/01/2020)
Trustees
- Kathryn Silberchair
- DAVID BERTRAM
- MATTHEW LING
- Rachel DEKAM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £298k | £373k |
| 31/08/2024 | £487k | £619k |
| 31/08/2023 | £625k | £637k |
| 31/08/2022 | £644k | £688k |
| 31/08/2021 | £651k | £680k |
Common questions
Is NEXUS INSTITUTE OF CREATIVE ARTS financially healthy?
Per its FY2025 accounts: The accounts state that the charity is in the process of closing after the 2025/26 academic year, with financial statements prepared on a basis other than going concern. Per the trustees' report, unrestricted reserves stood at £464,341 against a policy target of three months' operating costs, while the charity reported a net expenditure of £75,378 for the year. Its FY2025 accounts were audited by HB&O Ltd.
Who funds NEXUS INSTITUTE OF CREATIVE ARTS?
Funders whose own accounts filings name NEXUS INSTITUTE OF CREATIVE ARTS as a grant recipient include THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY, COVENTRY, THE PAROCHIAL CHURCH COUNCIL OF THE ECCELSIASTICAL PARISH OF ST JAMES STYVECHALE.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY, COVENTRY | FY2021 | £1k | Nexus Institute of Creative Arts |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCELSIASTICAL PARISH OF ST JAMES STYVECHALE | FY2021 | £500 | Home Mission |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BAPTIST UNION OF GREAT BRITAIN | 1 | £481k |
| THE FIDELITY UK FOUNDATION | 1 | £320k |
| THE ADINT CHARITABLE TRUST | 1 | £40k |
| Norwich Freemen's Charity | 1 | £10k |
| BLOOMSBURY CENTRAL BAPTIST CHURCH | 1 | £4k |
Charities like this
- INSTITUTE OF CONTEMPORARY ARTS LIMITED
- NORWICH ARTS CENTRE LIMITED
- NORTHERN BAPTIST COLLEGE LIMITED
- ISLAMIC CULTURAL AND EDUCATIONAL ASSOCIATION
- NETHERHALL EDUCATIONAL ASSOCIATION
- GROUPNEXUS CHARITABLE FOUNDATION CIO
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NEXUS INSTITUTE OF CREATIVE ARTS | £298k | — | 0 | unclear | — | not going concern |
| INSTITUTE OF CONTEMPORARY ARTS LIMITED | £4.1m | — | — | unclear | — | material uncertainty |
| NORWICH ARTS CENTRE LIMITED | £1.1m | — | 0 | unclear | — | no doubt |
| NORTHERN BAPTIST COLLEGE LIMITED | £380k | — | 0 | unclear | — | no doubt |
| ISLAMIC CULTURAL AND EDUCATIONAL ASSOCIATION | £576k | — | 0 | above | — | noted |
| NETHERHALL EDUCATIONAL ASSOCIATION | £3.5m | Under £60,000 | 0 | unclear | — | no doubt |