SOUTH LONDON FINE ART GALLERY AND LIBRARY
Registered charity 312160 · accounts filings on the Charity Commission register · also known as SLG, SOUTH LONDON GALLERY
The South London Gallery is a nationally and internationally recognised centre of excellence in the provision of contemporary visual art exhibitions and live art events, with integrated education and outreach programmes.
Causes: General Charitable Purposes · Education/training · Arts/culture/heritage/science · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £285,313 for the year, with total unrestricted funds standing at £265,712. The trustees have identified material uncertainties regarding the charity's ability to continue as a going concern due to low free reserves and unconfirmed income levels. Despite these challenges, the trustees maintain that long-term financial stability strategies are robust and achievable.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: three months of unrestricted core running costs (target at least £300,000) (held: £266k)
“The Trustee recognises the need to build unrestricted cash reserves to a level sufficient to cover three months’ unrestricted core running costs. The target is to hold at least £300,000” — page 25
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“The Trustee has concluded that there are material uncertainties which could affect the SLG’s Going Concern assessment.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: SLG Trading Ltd is the sole shareholder of SLG Trading Ltd. At the discretion of its directors, SLG Trading Ltd gift aids its profits to the South London Gallery.
“The charity’s corporate trustee, the SLG Trustee Ltd, is also the sole shareholder of SLG Trading Ltd. At the discretion of its directors, SLG Trading Ltd gift aids its profits to the South London Gallery.” — page 27
“During the year the Charity incurred sales commissions payable to SLG Trading Ltd of £15,871 (2024: £10,967).” — page 48
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Sales commissions payable to SLG Trading Ltd of £15,871.
“The charity’s corporate trustee, the SLG Trustee Ltd, is also the sole shareholder of SLG Trading Ltd. At the discretion of its directors, SLG Trading Ltd gift aids its profits to the South London Gallery.” — page 27
“During the year the Charity incurred sales commissions payable to SLG Trading Ltd of £15,871 (2024: £10,967).” — page 48
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Management charges payable to the Charity of £5,861.
“The charity’s corporate trustee, the SLG Trustee Ltd, is also the sole shareholder of SLG Trading Ltd. At the discretion of its directors, SLG Trading Ltd gift aids its profits to the South London Gallery.” — page 27
“During the year the Charity incurred sales commissions payable to SLG Trading Ltd of £15,871 (2024: £10,967).” — page 48
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Charity made sales of goods and services to SLG Trading Ltd of £68,132.
“The charity’s corporate trustee, the SLG Trustee Ltd, is also the sole shareholder of SLG Trading Ltd. At the discretion of its directors, SLG Trading Ltd gift aids its profits to the South London Gallery.” — page 27
“During the year the Charity incurred sales commissions payable to SLG Trading Ltd of £15,871 (2024: £10,967).” — page 48
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: SLG Trading covenanted its profit of £69,297 to the Charity.
“The charity’s corporate trustee, the SLG Trustee Ltd, is also the sole shareholder of SLG Trading Ltd. At the discretion of its directors, SLG Trading Ltd gift aids its profits to the South London Gallery.” — page 27
“During the year the Charity incurred sales commissions payable to SLG Trading Ltd of £15,871 (2024: £10,967).” — page 48
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: SLG Trading Ltd
“The charity’s corporate trustee, the SLG Trustee Ltd, is also the sole shareholder of SLG Trading Ltd.” — page 27
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by Sayer Vincent LLP. Discloses 4 of 6 completeness components.
Corporate structure
SLG TRADING LIMITED — per its own Companies House accounts
- Turnover: £167k
- Profit before tax: £69k
- Donated/gift-aided to the charity: £69k
“All profits made by SLG Trading Ltd are gift aided to the South London Gallery at the year end.”
Leadership, per the charity’s website
- Margot Heller — Director (source)
- Isabelle Hancock — Deputy Director (source)
- Sue Evans — Director of Development and Enterprise (source)
Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.
Public profiles (found on the charity’s own website): instagram
Structured financials (annual return, FY ending 31/03/2025)
Cost of raising funds
£630k
Reported reserves equal ~0.5 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Donations and legacies (48% 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: 27.0% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).
Register events
- Received assets from another charity (14/12/2023) — per the register’s event history; asset transfers typically record mergers or reorganisations.
- Received assets from another charity (30/08/2022) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Trustee list from the Charity Commission register (current, not historical).
Operates in: Southwark
Income and spending
Common questions
Is SOUTH LONDON FINE ART GALLERY AND LIBRARY financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £285,313 for the year, with total unrestricted funds standing at £265,712. The trustees have identified material uncertainties regarding the charity's ability to continue as a going concern due to low free reserves and unconfirmed income levels. Despite these challenges, the trustees maintain that long-term financial stability strategies are robust and achievable. Its FY2025 accounts were audited by Sayer Vincent LLP.
Who funds SOUTH LONDON FINE ART GALLERY AND LIBRARY?
Funders whose own accounts filings name SOUTH LONDON FINE ART GALLERY AND LIBRARY as a grant recipient include THE FREELANDS FOUNDATION LIMITED, BUKHMAN FOUNDATION, THE FIDELITY UK FOUNDATION, THE CLORE DUFFIELD FOUNDATION, UNITED ST SAVIOUR'S CHARITY.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
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.
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Side by side with its peers
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