NEW ENGLISH ART CLUB
The principal activities of the charity are the promotion and advancement of public education of the art of drawing and painting. This is achieved through running life classes and workshops, the mounting of an annual open exhibition in London, the award of annual scholarships and the distribution by e-mail of a monthly newsletter that is circulated to Friends and a mailing list of supporters.
Financial health, per its FY2024 accounts
The accounts state that total funds held at the balance sheet date were £97,976, an increase from the previous year's £90,439. The trustees consider these reserves appropriate for meeting planned activities and events for the forthcoming year. The charity reports a net income of £7,537 for the year, with unrestricted funds increasing to £87,476.
What the accounts disclose
“An adequate level of reserves is considered by the Executive Committee members to be the amount required to meet its planned activities and events for the forthcoming year.” — page 4
“The charity holds 100% of the share capital of its trading company, The NEAC Trading Company Limited.” — page 11
Funders the charity credits
- The Ken Howard Foundation
- Daler-Rowney
Trustees
- DAVID STEWART INNES ELLIOTTchair
- Benjamin Gordon Tobias Ward
- Charles Patrick Cullen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £68k | £60k |
| 31/12/2023 | £48k | £83k |
| 31/12/2022 | £56k | £68k |
| 31/12/2021 | £66k | £40k |
| 31/12/2020 | £57k | £38k |
Common questions
Is NEW ENGLISH ART CLUB financially healthy?
Per its FY2024 accounts: The accounts state that total funds held at the balance sheet date were £97,976, an increase from the previous year's £90,439. The trustees consider these reserves appropriate for meeting planned activities and events for the forthcoming year. The charity reports a net income of £7,537 for the year, with unrestricted funds increasing to £87,476. Its FY2024 accounts were independently examined.