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THE SAATCHI GALLERY, LONDON

Registered charity 1182328 · accounts filings on the Charity Commission register

The Saatchi Gallery provides a platform for contemporary art, presenting work by largely unseen young artists or by international artists whose work has been rarely exhibited in the UK. These exhibitions are open to the general public via our gallery on the King's Road, London with further details on our website: https://www.saatchigallery.com

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

Latest income
£4.9m
Latest spending
£7.2m
Registered
2019
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net loss of £2,228,554 for the year ended 31 December 2024, resulting in accumulated deficits of £3.6m. The trustees note that the organisation is dependent on securing future funding and adjusting costs to suit lower revenue projections from partnerships, but maintain a reasonable expectation of continuing to operate for the foreseeable future.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £-3.6m)
“A reserves policy has been considered by the trustees and will be updated once the accumulated deficits of £3.6m (2023: £1.3m) have been erased, which is the initial objective.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“As such, in 2025, a special emphasis has, and will, be placed on recruiting a team that can drive this key revenue line. In addition, costs will be carefully considered and adjusted to suit the lower revenue projections from our partnerships team.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Management services paid to Jet Support Services, owned by a trust of which trustee Mr. Eliasch is the settlor.
“During the year, Saatchi Gallery London Limited, a wholly-owned subsidiary of the charity, made payments to Jet Support Services amounting to £216,008 (2023: £217,008) in respect of management services. Jet Support Services is owned by a trust of which Mr. Eliasch, a trustee of Saatchi Gallery London, is the settlor.” — page 30
“Saatchi Gallery London Limited, a wholly-owned subsidiary of the charity, is party to an intellectual property agreement with True Blue Limited, which is owned by a trust of which Mr. Eliasch, a trustee of the charity and director of Saatchi Gallery London Limited, is the settlor. Under this agreement, True Blue Limited is entitled to receive an annual fee of £500,000. These fees were waived from 2019 to 2024 representing £3,000,000 of support from TrueBlue Limited” — page 30
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: IP agreement with True Blue Limited, owned by a trust of which trustee Mr. Eliasch is the settlor. Fees waived in 2024.
“During the year, Saatchi Gallery London Limited, a wholly-owned subsidiary of the charity, made payments to Jet Support Services amounting to £216,008 (2023: £217,008) in respect of management services. Jet Support Services is owned by a trust of which Mr. Eliasch, a trustee of Saatchi Gallery London, is the settlor.” — page 30
“Saatchi Gallery London Limited, a wholly-owned subsidiary of the charity, is party to an intellectual property agreement with True Blue Limited, which is owned by a trust of which Mr. Eliasch, a trustee of the charity and director of Saatchi Gallery London Limited, is the settlor. Under this agreement, True Blue Limited is entitled to receive an annual fee of £500,000. These fees were waived from 2019 to 2024 representing £3,000,000 of support from TrueBlue Limited” — page 30
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee expenses reimbursed via director's loan account.
“During the year, Saatchi Gallery London Limited, a wholly-owned subsidiary of the charity, made payments to Jet Support Services amounting to £216,008 (2023: £217,008) in respect of management services. Jet Support Services is owned by a trust of which Mr. Eliasch, a trustee of Saatchi Gallery London, is the settlor.” — page 30
“Saatchi Gallery London Limited, a wholly-owned subsidiary of the charity, is party to an intellectual property agreement with True Blue Limited, which is owned by a trust of which Mr. Eliasch, a trustee of the charity and director of Saatchi Gallery London Limited, is the settlor. Under this agreement, True Blue Limited is entitled to receive an annual fee of £500,000. These fees were waived from 2019 to 2024 representing £3,000,000 of support from TrueBlue Limited” — page 30
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Saatchi Gallery, London Limited
“The charitable entity owns 100% of a subsidiary called Saatchi Gallery, London Limited. No other subsidiaries exist.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Carston ETL. Discloses 3 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Corporate structure

SAATCHI GALLERY, LONDON LIMITED — per its own Companies House accounts
  • Profit before tax: £-1.3m
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Funders the charity credits

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

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

Structured financials (annual return, FY ending 31/12/2024)

Total income
£4.9m
Total spending
£7.2m
Reserves (reported)
£26k
Employees
49

Reported reserves equal ~0.0 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 (61% 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: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£4.9m£7.2m
31/12/2023£8.7m£7.8m
31/12/2022£8.3m£3.5m
31/12/2021£2.9m£4.7m
31/12/2020£2.3m£4.8m

Common questions

Is THE SAATCHI GALLERY, LONDON financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net loss of £2,228,554 for the year ended 31 December 2024, resulting in accumulated deficits of £3.6m. The trustees note that the organisation is dependent on securing future funding and adjusting costs to suit lower revenue projections from partnerships, but maintain a reasonable expectation of continuing to operate for the foreseeable future. Its FY2024 accounts were audited by Carston ETL.

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.

FunderSimilar charities fundedAmount to them
THE FREELANDS FOUNDATION LIMITED4£1.5m
THE FIDELITY UK FOUNDATION3£948k
THE AMPERSAND FOUNDATION3£684k
THE RORY AND ELIZABETH BROOKS FOUNDATION2£706k
THE CLORE DUFFIELD FOUNDATION2£98k
THE PAUL MELLON CENTRE FOR STUDIES IN BRITISH ART2£44k
THE HENRY MOORE FOUNDATION2£22k
THE CHRISTOPHER AND HENRY OLDFIELD TRUST2£14k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with SOUTH LONDON FINE ART GALLERY AND LIBRARY.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE SAATCHI GALLERY, LONDON£4.9m——below—noted
SOUTH LONDON FINE ART GALLERY AND LIBRARY FY2025£2.3m——unclear—material uncertainty
NOTTINGHAM CONTEMPORARY FY2025£2.1m—0unclear—no doubt
THE NEW ART EXCHANGE LTD FY2025£1.6m£90,001 - £100,000—unclear—no doubt
ZABLUDOWICZ ART PROJECTS FY2024£690k—0below—noted
COLLAGE ARTS FY2024£1.2m—0unclear—no doubt

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