NEWLYN ART GALLERY LIMITED

Charity number: 273785
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Newlyn Art Gallery Limited is an educational charity, delivering programmes in and around two neighboring contemporary art galleries: Newlyn Art Gallery, in Newlyn and The Exchange, in Penzance. It promotes the work of regional, national and international artists and engages a diverse audience in a year-round programme of exhibitions and participatory activities.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£776,576

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Donations and legacies £67.08k
Charitable activities £518.30k
Other trading activities £190.53k
Investments £671
Other £0

Total expenditure:
£1,004,515

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Raising funds £167.31k
Charitable activities £837.20k
Other £0

£0 investments gains (losses)

Total income includes £18,750 from 1 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £167.31k
Charitable expenditure £837.20k

People

26 Employee(s)

11 Trustee(s)

45 Volunteer(s)

Employees with total benefits over £60,000

No employees have total benefits over £60k for this charity

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • Arts/culture/heritage/science
Who the charity helps:
  • Children/young People
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Cornwall

Governance

Registration history:
  • 24 June 1977: Standard registration
Organisation type:
Charitable company
Other names:
  • NEWLYN ORION GALLERIES LIMITED (Previous name)
Company number:
01310070 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

11 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Miranda Bird Chair 30 September 2016
WOODBROOKE QUAKER STUDY CENTRE
Received: On time
ST IVES SCHOOL OF ART
Received: On time
Alexandra Cosma Trustee 25 November 2024
None on record
Jane Anne Faram Trustee 25 November 2024
None on record
Ashish Ghadiali Trustee 25 November 2024
None on record
Olga Iga Owczarek Trustee 25 November 2024
Rainforest Foundation UK
Received: On time
Julia Helen Twomlow Trustee 25 November 2024
None on record
Gina Buenfeld-Murley Trustee 01 December 2021
None on record
Joseph Edward Bulman Trustee 01 December 2021
None on record
Nigel Phillip Williams Trustee 01 December 2021
None on record
Hannah Mae Buckingham Trustee 01 December 2021
None on record
NEIL SCOTT Trustee 27 March 2017
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £940.02k £1.01m £1.20m £814.74k £776.58k
Total expenditure £859.52k £765.34k £1.01m £1.22m £1.00m
Income from government contracts £2.10k £2.10k N/A N/A N/A
Income from government grants £61.94k £188.53k £95.97k £28.75k £18.75k
Income - Donations and legacies £59.99k £192.62k £92.30k £67.89k £67.08k
Income - Other trading activities £130.49k £0 £139.61k £186.37k £190.53k
Income - Charitable activities £749.49k £81.84k £969.75k £557.28k £518.30k
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £58 £23 £1.49k £3.21k £671
Income - Other £0 £737.86k £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £721.61k £683.19k £888.24k £1.06m £837.20k
Expenditure - Raising funds £137.92k £81.36k £123.27k £164.27k £167.31k
Expenditure - Governance £5.00k £16.95k £16.95k £34.07k £41.65k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £785 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £4.03m £3.94m £3.91m £3.87m £3.77m
Long-term investments £82.12k £82.12k £82.12k £82.18k £82.18k
Other assets £136.46k £461.32k £716.52k £324.08k £189.01k
Defined benefit pension scheme asset or liability -£55.42k £0 £0 -£69.53k -£63.16k
Total liabilities £130.57k £177.04k £211.15k £119.10k £123.07k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 28 January 2025 On time
Accounts and TAR 31 March 2024 28 January 2025 On time Download Open in new window
Annual return 31 March 2023 19 January 2024 On time
Accounts and TAR 31 March 2023 19 January 2024 On time Download Open in new window
Annual return 31 March 2022 06 January 2023 On time
Accounts and TAR 31 March 2022 06 January 2023 On time Download Open in new window
Annual return 31 March 2021 20 January 2022 On time
Accounts and TAR 31 March 2021 20 January 2022 On time Download Open in new window
Annual return 31 March 2020 19 January 2021 On time
Accounts and TAR 31 March 2020 19 January 2021 On time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 22ND APRIL 1977 AS AMENDED BY SPECIAL RESOLUTION(S) DATED 27 MAR 2017

Charitable objects

THE ADVANCEMENT OF EDUCATION OF THE GENERAL PUBLIC IN THE VISUAL ARTS.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NEWLYN

Contact information

Address:
The Exchange
Princes Street
Penzance
Cornwall
TR18 2NL
Phone:
01736363715
Email:
INFO@NEWLYNARTGALLERY.CO.UK
Website:

www.newlynartgallery.co.uk Open in new window