PENWITH GALLERIES LIMITED
Operation of gallery for showing of visual and 3D arts & provision of affordable studio space
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with unrestricted reserves of £402,191, which the trustees describe as being at a 'good level' and sufficient to meet their policy of covering three months of operating costs. The organization reported a surplus of £36,455 for the year, driven by increased donations and rental income, while maintaining a secure financial footing for its core activities.
What the accounts disclose
“The charity's policy on the level of reserves is that they should provide at least three months operating costs for our staff team and the base overheads of maintaining the premises” — page 3
Property (HM Land Registry)
Trustees
- Percival Ross WILLIAMSchair
- Aidan Philip Hicks
- David John Elliott
- Huw Thomas Leaper
- Julie Wingfield
- Michael Nelhams
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £335k | £299k |
| 31/03/2024 | £224k | £166k |
| 31/03/2023 | £173k | £149k |
| 31/03/2022 | £215k | £143k |
| 31/03/2021 | £170k | £124k |
Common questions
Is PENWITH GALLERIES LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the year with unrestricted reserves of £402,191, which the trustees describe as being at a 'good level' and sufficient to meet their policy of covering three months of operating costs. The organization reported a surplus of £36,455 for the year, driven by increased donations and rental income, while maintaining a secure financial footing for its core activities. Its FY2025 accounts were independently examined.