TURNER CONTEMPORARY

Registered charity 1129974 · accounts filings on the Charity Commission register

The principal objective of the company is the provision of a permanent gallery in Margate for the visual arts organisation which celebrates JMW Turner's association with Margate and, through a varied programme of exhibitions and events and learning activities, promotes an understanding and enjoyment of historical and contemporary art.

Causes: General Charitable Purposes · Education/training · Arts/culture/heritage/science · website · Get email alerts

Latest income
£2.9m
Latest spending
£2.8m
Registered
2009
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity incurred a net deficit of £618,844 for the year ended 31 March 2025, resulting in a decrease in consolidated unrestricted funds to £672,193. Despite this deficit and a reserves position below the stated policy target, the trustees confirm the organization is a going concern with adequate resources to continue operations for the foreseeable future.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months of unrestricted expenditure (£650,000) (held: £511k)
“the policy requires that the company’s core activities, funded through the unrestricted reserve, should be capable of continuing for a period of three months in the event of unforeseen difficulty. For Turner Contemporary, this equates to £650,000” — page 12
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee Donations
“Total donations of £26,926 (2024 - £19,790) without conditions were received from trustees and related parties during the year.” — page 36
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Turner Contemporary Enterprises Limited
“The consolidated financial statements incorporate the results of the charity and its trading subsidiary, Turner Contemporary Enterprises Limited” — page 24
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — Turner Contemporary (matched by registered charity number).

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.9m
Total spending
£2.8m
Cost of raising funds
£731k
Reserves (reported)
£511k
Employees
80

Reported reserves equal ~2.2 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (51% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 24.9% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Kent

Income and spending

Financial year endIncomeSpending
31/03/2025£2.9m£2.8m
31/03/2024£3.8m£3.6m
31/03/2023£3.5m£3.3m
31/03/2022£2.5m£3.1m
31/03/2021£2.8m£2.4m

Common questions

Is TURNER CONTEMPORARY financially healthy?

Per its FY2025 accounts: The accounts state that the charity incurred a net deficit of £618,844 for the year ended 31 March 2025, resulting in a decrease in consolidated unrestricted funds to £672,193. Despite this deficit and a reserves position below the stated policy target, the trustees confirm the organization is a going concern with adequate resources to continue operations for the foreseeable future. Its FY2025 accounts were audited by Azets Audit Services.

Who funds TURNER CONTEMPORARY?

Funders whose own accounts filings name TURNER CONTEMPORARY as a grant recipient include THE RORY AND ELIZABETH BROOKS FOUNDATION, THE AMPERSAND FOUNDATION, THE FREELANDS FOUNDATION LIMITED, THE FIDELITY UK FOUNDATION, JOHN ELLERMAN FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE RORY AND ELIZABETH BROOKS FOUNDATIONFY2026£701k
THE AMPERSAND FOUNDATIONFY2024£450kThe Ampersand Foundation Award 2023 (exhibition and publication)
THE FREELANDS FOUNDATION LIMITEDFY2023£330kIn The Offing
THE FIDELITY UK FOUNDATIONFY2023£325kArts, culture and heritage
THE AMPERSAND FOUNDATIONFY2025£150k
JOHN ELLERMAN FOUNDATIONFY2025£90kTowards a dedicated Art and Environment programme, bringing together artists, scientists and the community to create and showcase artwork that addresses the cli
THE CLORE DUFFIELD FOUNDATIONFY2024£56kArts, heritage and education
THE PAUL MELLON CENTRE FOR STUDIES IN BRITISH ARTFY2023£35kCuratorial Research Grants
THE CHRISTOPHER AND HENRY OLDFIELD TRUSTFY2024£11k
THE LAWSON TRUST CIOFY2024£5kOther grants
THE LAWSON TRUST CIOFY2025£5k
CHARTERED ACCOUNTANTS' LIVERY CHARITYFY2022£2kCOVID-19 Emergency Grants

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with TURNER'S HOUSE TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
TURNER CONTEMPORARY£2.9m——unclear—no doubt
TURNER'S HOUSE TRUST FY2025£205k—0within—no doubt
TRACEY EMIN FOUNDATION CIO FY2024£2.7m£70,000 - £80,0001unclear—no doubt
THE SAATCHI GALLERY, LONDON FY2024£4.9m——below—noted
TATE FOUNDATION FY2025£6.6m——unclear—no doubt
Hastings Contemporary FY2025£1.3m——unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.