NEWCASTLE ARTS CENTRE TRUST LTD
To foster and promote the maintenance, improvement and development of knowledge understanding and appreciation of the arts amongst the inhabitants of the North East of England and to facilitate the same, establish and artists resource centre for the community and to provide workshops, studio, educational, performance and exhibition facilities and resources as a public service.
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year with a bank balance of £88,683 and total unrestricted funds of £162,587, which is below the trustees' stated ideal reserves target of £80,000 when considering the total fund position of £193,786 against the specific reserves policy. Per the trustees' report, the charity achieved its target for reserved funds and remains confident in its ability to continue operations and invest in programme development.
What the accounts disclose
“The trustees therefore consider that the ideal level of reserves as at 5th April 2025 would be £80,000” — page 13
Trustees
- Jonathan Mark Oldchair
- HELEN ELIZABETH BURNS
- Kay Tilley
- MICHAEL JOHN TILLEY
- Paul Robert Grainger
- Peter Charles Kenrick
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £175k | £207k |
| 05/04/2024 | £185k | £177k |
| 05/04/2023 | £119k | £168k |
| 05/04/2022 | £138k | £111k |
| 05/04/2021 | £93k | £76k |
Common questions
Is NEWCASTLE ARTS CENTRE TRUST LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the year with a bank balance of £88,683 and total unrestricted funds of £162,587, which is below the trustees' stated ideal reserves target of £80,000 when considering the total fund position of £193,786 against the specific reserves policy. Per the trustees' report, the charity achieved its target for reserved funds and remains confident in its ability to continue operations and invest in programme development. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £416k |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £111k |
| THE VIRGIN MONEY FOUNDATION | 1 | £30k |
| THE THEATRES TRUST CHARITABLE FUND | 1 | £17k |
| THE BARBOUR FOUNDATION | 1 | £15k |
| NORTHAMPTONSHIRE COMMUNITY FOUNDATION | 1 | £13k |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | 1 | £6k |
| HAYS TRAVEL FOUNDATION | 1 | £5k |
Charities like this
- ARTSWORK LIMITED
- CUSTOMS HOUSE TRUST LIMITED
- NORTHAMPTONSHIRE MUSIC AND PERFORMING ARTS TRUST
- UCHELDRE CENTRE
- THE LITERARY AND PHILOSOPHICAL SOCIETY OF NEWCASTLE-UPON-TYNE
- QUEENS HALL ARTS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NEWCASTLE ARTS CENTRE TRUST LTD | £175k | — | 0 | unclear | — | no doubt |
| ARTSWORK LIMITED | £1.9m | — | — | unclear | — | no doubt |
| CUSTOMS HOUSE TRUST LIMITED | £3.1m | £60,001 - £70,000 | — | below | — | no doubt |
| NORTHAMPTONSHIRE MUSIC AND PERFORMING ARTS TRUST | £5.6m | — | — | below | — | no doubt |
| UCHELDRE CENTRE | £3.0m | — | 0 | above | — | no doubt |
| THE LITERARY AND PHILOSOPHICAL SOCIETY OF NEWCASTLE-UPON-TYNE | £1.5m | — | 0 | unclear | — | no doubt |