THE NEW ART EXCHANGE LTD
NEW ART EXCHANGE IS THE FIRST DEDICATED AFRICAN, AFRICAN CARIBBEAN AND SOUTH ASIAN CONTEMPORARY FACILITY FOR THE VISUAL ARTS OUTSIDE OF LONDON AND PLAYS A LEADING ROLE IN SUPPORTING BME COMMUNITIES AND MARGINALISED GROUPS WITH A PORTFOLIO OF COMMMUNITY OUTREACH, LEARNING AND YOUNG PEOPLE'S SERVICES
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £3,914,436, which is below the trustees' stated long-term objective of covering three months of operating expenses. The group reported a net deficit of £22,689 for the year, resulting in a slight decrease in total funds from the previous year.
What the accounts disclose
“In the band £90,001 - £100,000 1”
“It is the Trustees' long-term objective to build up sufficient unrestricted reserves to cover 3 months of operating expenses in order to provide resilience and to allow the organisation to deal with contingencies.”
“During the year, management recharge costs of £29,112 (2024: £90,153) were incurred. At 31 March 2025, the Charity was owed £51,858 (2024: £44,020) by the subsidiary.”
“The Group made purchases of £1,493 from Artreach (Trust) Ltd in relation to exhibition costs during the year (2024: £Nil), a company in which trustee N Popat holds a director position.” — page 42
“During the year, management recharge costs of £29,112 (2024: £90,153) were incurred. At 31 March 2025, the Charity was owed £51,858 (2024: £44,020) by the subsidiary.”
“The Group made purchases of £1,493 from Artreach (Trust) Ltd in relation to exhibition costs during the year (2024: £Nil), a company in which trustee N Popat holds a director position.” — page 42
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Jiten Anand
- Letha Charles
- Meeta Dave
- Michael Lappin
- Nisha Popat
- PROFESSOR CHRISTOPHER O'BRIEN OBE
- Rhiannon Pinchbeck
- Samori Gambrah
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.6m | £1.6m |
| 31/03/2024 | £1.6m | £1.5m |
| 31/03/2023 | £1.2m | £1.2m |
| 31/03/2022 | £1.5m | £1.6m |
| 31/03/2021 | £1.3m | £1.3m |
Common questions
Is THE NEW ART EXCHANGE LTD financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £3,914,436, which is below the trustees' stated long-term objective of covering three months of operating expenses. The group reported a net deficit of £22,689 for the year, resulting in a slight decrease in total funds from the previous year. Its FY2025 accounts were audited by PKF Smith Cooper Audit Limited.
What does the highest-paid employee of THE NEW ART EXCHANGE LTD earn?
Per its FY2025 accounts, the highest-paid employee was in the £90,001 - £100,000 band.
Who funds THE NEW ART EXCHANGE LTD?
Funders whose own accounts filings name THE NEW ART EXCHANGE LTD as a grant recipient include THE FREELANDS FOUNDATION LIMITED.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE FREELANDS FOUNDATION LIMITED | FY2022 | £170k | Power to Change |
| THE FREELANDS FOUNDATION LIMITED | FY2023 | £167k | Power to Change |
| THE FREELANDS FOUNDATION LIMITED | FY2021 | £83k | New Art Exchange Pawerto Change programme |
| THE FREELANDS FOUNDATION LIMITED | FY2024 | £80k | Power to Change |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 21/03/2013 | £9k | NAE Community Leadership |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE RODDICK FOUNDATION | 1 | £93k |
| THE FIDELITY UK FOUNDATION | 1 | £85k |
| THE JOHN BOOTH CHARITABLE FOUNDATION | 1 | £25k |
| JOHN LYON'S CHARITY | 1 | £25k |
| THE YOUNG BARNET FOUNDATION | 1 | £22k |
| THE CHILDHOOD TRUST | 1 | £13k |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | 1 | £5k |
| The Ashley Family Foundation | 1 | £4k |
Charities like this
- NEWCASTLE ARTS CENTRE TRUST LTD
- NEWLYN ART GALLERY LIMITED
- ALL ARTS & MEDIA LTD
- THE ARTS DEPOT TRUST LIMITED
- NEW CURATORS
- ASSOCIATION FOR CULTURAL ADVANCEMENT THROUGH VISUAL ART LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE NEW ART EXCHANGE LTD | £1.6m | £90,001 - £100,000 | — | unclear | — | no doubt |
| NEWCASTLE ARTS CENTRE TRUST LTD | £175k | — | 0 | unclear | — | no doubt |
| NEWLYN ART GALLERY LIMITED | £734k | — | 0 | unclear | — | no doubt |
| ALL ARTS & MEDIA LTD | £99k | — | 0 | unclear | — | no doubt |
| THE ARTS DEPOT TRUST LIMITED | £2.5m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| NEW CURATORS | £711k | — | — | below | — | no doubt |