TURNER CONTEMPORARY
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.
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.
What the accounts disclose
“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
“Total donations of £26,926 (2024 - £19,790) without conditions were received from trustees and related parties during the year.” — page 36
“The consolidated financial statements incorporate the results of the charity and its trading subsidiary, Turner Contemporary Enterprises Limited” — page 24
Leadership, per the charity’s website
- Clarrie Wallis — Director
Funders the charity credits
- Kent County Council
- Bridget Riley Art Foundation
- White Cube
- Burberry
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- MATTHEW SLOTOVERchair
- Alessandro Raho
- Brian James Horton
- Charlene Prempeh
- Clifford McLean
- Helen Beeckmans
- Liesl Frida Fichardt
- MICHEL DRIESSEN
- Melanie Tong
- NICK MAYNARD
- Peter Hawkes
- Sir Stephen Deuchar CBE
- Tanya Barson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE RORY AND ELIZABETH BROOKS FOUNDATION | FY2026 | £701k | |
| THE AMPERSAND FOUNDATION | FY2024 | £450k | The Ampersand Foundation Award 2023 (exhibition and publication) |
| THE FREELANDS FOUNDATION LIMITED | FY2023 | £330k | In The Offing |
| THE FIDELITY UK FOUNDATION | FY2023 | £325k | Arts, culture and heritage |
| THE AMPERSAND FOUNDATION | FY2025 | £150k | |
| JOHN ELLERMAN FOUNDATION | FY2025 | £90k | Towards 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 FOUNDATION | FY2024 | £56k | Arts, heritage and education |
| THE PAUL MELLON CENTRE FOR STUDIES IN BRITISH ART | FY2023 | £35k | Curatorial Research Grants |
| THE CHRISTOPHER AND HENRY OLDFIELD TRUST | FY2024 | £11k | |
| THE LAWSON TRUST CIO | FY2024 | £5k | Other grants |
| THE LAWSON TRUST CIO | FY2025 | £5k | |
| CHARTERED ACCOUNTANTS' LIVERY CHARITY | FY2022 | £2k | COVID-19 Emergency Grants |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JERWOOD FOUNDATION | 1 | — |
| JOHN LYON'S CHARITY | 1 | £42k |
| THE JOHN BOOTH CHARITABLE FOUNDATION | 1 | £40k |
| THE JOHN BROWNE CHARITABLE TRUST | 1 | £36k |
| ATKIN CHARITABLE FOUNDATION | 1 | £30k |
| ANSON CHARITABLE TRUST | 1 | £30k |
| GRAFF FOUNDATION | 1 | £27k |
| PETER STORMONTH DARLING CHARITABLE TRUST | 1 | £25k |
Charities like this
- TURNER'S HOUSE TRUST
- TRACEY EMIN FOUNDATION CIO
- THE SAATCHI GALLERY, LONDON
- TATE FOUNDATION
- Hastings Contemporary
- THE SHOWROOM GALLERY LTD.
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TURNER CONTEMPORARY | £2.9m | — | — | unclear | — | no doubt |
| TURNER'S HOUSE TRUST | £205k | — | 0 | within | — | no doubt |
| TRACEY EMIN FOUNDATION CIO | £2.7m | £70,000 - £80,000 | 1 | unclear | — | no doubt |
| THE SAATCHI GALLERY, LONDON | £4.9m | — | — | below | — | noted |
| TATE FOUNDATION | £6.6m | — | — | unclear | — | no doubt |
| Hastings Contemporary | £1.3m | — | — | unclear | — | no doubt |