OCTOBER GALLERY TRUST
The October Gallery is an arts complex dedicated to the appreciation of the transvangarde - the cross-cultural avant garde. The Gallery hosts exhibitions of art from around the world, talks on art and science, poetry readings, theatre and dance performances. Support is from sales of art, rental of the Gallery's unique facilities, grants, donations, staff, volunteers and friends.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a deficit on unrestricted funds of £645,760 for the year, primarily due to decreased art sales and adverse exchange rate fluctuations. Despite this, the trustees report that free reserves of £511,340 remain above their stated policy target of £500,000, which is based on five months of running costs. The trustees confirm that resources are adequate to continue as a going concern for the foreseeable future.
What the accounts disclose
“One employee received remuneration between £70,000 and £80,000 in the year” — page 25
“The trustees consider that the most appropriate level of free reserves at 31 December 2025 would be £500,000 based on 5 months running costs.” — page 10
“Three trustees of October Gallery are also directors of the Institute of Ecotechnics, which provides consultancy services to the Trust. Services provided totalled £1,500 in the year” — page 29
“The Gallery receives rental income of £11,400 (2024 - £10,800) at the market rate from a key management personnel.” — page 29
“Three trustees of October Gallery are also directors of the Institute of Ecotechnics, which provides consultancy services to the Trust. Services provided totalled £1,500 in the year” — page 29
“The Gallery receives rental income of £11,400 (2024 - £10,800) at the market rate from a key management personnel.” — page 29
Leadership, per the charity’s website
- Chili Hawes — Director
- Elisabeth Lalouschek — Artistic Director & Art Sales
- Stefani Abadian-Crone — Director of Operations
- Ian Goodfellow — Trustee (Deputy Chair)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- IAN GOODFELLOWchair
- CHRISTOPHER JAMES SPRING
- Corrine Bougaard
- DEBORAH SNYDER
- David Hernandez
- Sussan Babaie
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £1.2m | £1.8m |
| 31/12/2024 | £1.5m | £1.8m |
| 31/12/2023 | £1.3m | £1.7m |
| 31/12/2022 | £1.5m | £1.5m |
| 31/12/2021 | £1.7m | £1.4m |
Common questions
Is OCTOBER GALLERY TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a deficit on unrestricted funds of £645,760 for the year, primarily due to decreased art sales and adverse exchange rate fluctuations. Despite this, the trustees report that free reserves of £511,340 remain above their stated policy target of £500,000, which is based on five months of running costs. The trustees confirm that resources are adequate to continue as a going concern for the foreseeable future. Its FY2025 accounts were audited by Chris Syrimis & Co.
What does the highest-paid employee of OCTOBER GALLERY TRUST earn?
Per its FY2025 accounts, the highest-paid employee was in the £70,001 - £80,000 band.
Who funds OCTOBER GALLERY TRUST?
Funders whose own accounts filings name OCTOBER GALLERY TRUST as a grant recipient include ST ANDREW HOLBORN AND STAFFORD'S CHARITY.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| ST ANDREW HOLBORN AND STAFFORD'S CHARITY | FY2025 | £18k | |
| ST ANDREW HOLBORN AND STAFFORD'S CHARITY | FY2021 | £10k | |
| ST ANDREW HOLBORN AND STAFFORD'S CHARITY | FY2022 | £7k | |
| ST ANDREW HOLBORN AND STAFFORD'S CHARITY | FY2023 | £1k | Grant to organisation |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 07/03/2013 | £2k | The Flower Press |
| The National Lottery Heritage Fund | 13/12/2006 | £43k | "Bitter Aftertaste:Sugar, the slave trade and Arts of the Atlantic World" |
| The National Lottery Community Fund | 14/06/2006 | £5k | October Gallery Development Programme |
| The National Lottery Heritage Fund | 19/07/2004 | £5k | "This Group Was Set Up To Increase Awareness And Understanding Of Contemporary Art From All Cultures Of The World. The Gallery'S Archives Pro" |
| The National Lottery Community Fund | 14/07/2004 | £5k | Planned cultural diversity resource website |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FIDELITY UK FOUNDATION | 2 | £585k |
| THE FREELANDS FOUNDATION LIMITED | 2 | £320k |
| JOHN LYON'S CHARITY | 2 | £67k |
| JERWOOD FOUNDATION | 1 | — |
| THE WOLFSON FOUNDATION | 1 | £350k |
| THE LOVINGTON FOUNDATION | 1 | £180k |
| THE ROTHSCHILD FOUNDATION | 1 | £101k |
| THE HEADLEY TRUST | 1 | £60k |
Charities like this
- THE SHOWROOM GALLERY LTD.
- THE ASPEX VISUAL ARTS TRUST LIMITED
- THE ARTS DEPOT TRUST LIMITED
- MK GALLERY
- OCTAGON THEATRE TRUST LIMITED
- IKON GALLERY LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| OCTOBER GALLERY TRUST | £1.2m | £70,001 - £80,000 | — | unclear | — | no doubt |
| THE SHOWROOM GALLERY LTD. | £409k | — | 0 | above | — | no doubt |
| THE ASPEX VISUAL ARTS TRUST LIMITED | £312k | — | 0 | unclear | — | no doubt |
| THE ARTS DEPOT TRUST LIMITED | £2.5m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| MK GALLERY | £1.8m | £85,000 - £90,000 | 1 | unclear | — | no doubt |
| OCTAGON THEATRE TRUST LIMITED | £4.2m | — | — | unclear | — | no doubt |