Hastings Contemporary
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net surplus of £132,903 for the year ended 31 March 2025, reversing a deficit from the previous year. Total incoming resources increased to £1,255,031, while total outgoing resources decreased to £1,122,128. The trustees confirmed the charity is a going concern with adequate resources for at least 12 months.
What the accounts disclose
“The Trustees therefore aim to achieve target free reserves of between £200,000 and £250,000”
“In 2019 the charity established a subsidiary company, Hastings Contemporary Trading Ltd, for the purpose of carrying out its retail and trading activities.” — page 11
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Aderonke Phillips-Pakenham
- Benjamin Urban
- Clara Courtauld
- David Maurice Rogers
- Kay Elizabeth Sandford-Beal
- Patricia Mary Nathalie Millett
- Peter Donald James Chowney
- Prof Andrew Charles Robert Jean-Baptiste Corbett-Nolan
- Professor Bruce Brown
- Professor Michael John Godfrey Farthing
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.3m | £1.1m |
| 31/03/2024 | £804k | £1.1m |
| 31/03/2023 | £709k | £930k |
| 31/03/2022 | £921k | £651k |
| 31/03/2021 | £841k | £489k |
Common questions
Is Hastings Contemporary financially healthy?
The accounts state that the charity generated a net surplus of £132,903 for the year ended 31 March 2025, reversing a deficit from the previous year. Total incoming resources increased to £1,255,031, while total outgoing resources decreased to £1,122,128. The trustees confirmed the charity is a going concern with adequate resources for at least 12 months. Its FY2025 accounts were audited by Sumer Audit.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 04/12/2024 | £250k | "Time and Tide: the intangible cultural heritage of the Hastings fishing fleet" |