NEW CUT ARTS
The object of the charity is to advance education in the arts in Suffolk and Norfolk
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £654,492, which is below the stated policy target of six months of recurring operating costs. The charity reported a net expenditure of £49,935 for the year, resulting in a decrease in total funds from £785,928 to £735,993. Despite this reduction, the trustees confirmed adequate resources for the foreseeable future.
What the accounts disclose
“the operating reserve ('Core Costs') is set at a minimum of six months of recurring operating costs”
Register events
- Received assets from another charity (07/03/2012)
Trustees
- ANTHONY CASEMENT
- Alison Mary Dudeney
- Beth Keys Holloway
- DEAN PARKIN
- Eleanor Rodwell
- Gabrielle Maughan
- MS SUSIE BAILEY
- Naomi Francesca Jaffa
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £281k | £331k |
| 31/03/2024 | £207k | £254k |
| 31/03/2023 | £181k | £246k |
| 31/03/2022 | £148k | £112k |
| 31/03/2021 | £271k | £171k |
Common questions
Is NEW CUT ARTS financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £654,492, which is below the stated policy target of six months of recurring operating costs. The charity reported a net expenditure of £49,935 for the year, resulting in a decrease in total funds from £785,928 to £735,993. Despite this reduction, the trustees confirmed adequate resources for the foreseeable future. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 18/01/2016 | £65k | "Halesworth Maltings Heritage Experience (aka MALT)" |