Finance Score: 3

Governance Score: 6

Support Score: 11

Fundraising costs low: +3

Good trustee age range: +3
Gender balanced board: +3

Grant maker support: +11

Overall GiG Score: 20

THE CORN EXCHANGE (NEWBURY) TRUST

The object of the charity is the education of the public in the arts in West Berkshire and the surrounding districts.

Analysis by Giving is Great

Positives:

There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£2,488	£2,432	£55	£107	£1,673	£1,487	7.3	48	127
31/03/22		£2,521	£2,450	£72	£76	£1,040	£859	4.2	45	131
31/03/21		£2,049	£1,690	£359	£23	£777	£543	3.9	39	125
31/03/20		£2,072	£2,080	£-9	£117	£740	£527	3	38	46
31/03/19		£2,432	£2,159	£273	£0	£683	£277	1.5	45	120
31/03/18		£2,234	£2,044	£190	£0	£375	£108	0.6	43	0
31/03/17		£2,286	£2,059	£227	£92	£71	£-183	-1.1	44	0
31/03/16		£1,983	£1,911	£71	£0	£65	£-48	-0.3	34	0
31/03/15		£1,928	£1,721	£207	£99	£-87	£-216	-1.5	27	0
31/03/14		£1,502	£1,495	£8	£61	£-83	£-101	-0.8	26	0
31/03/13		£1,482	£1,504	£-22	£96	£41	£0	-0	26	0
31/03/12		£1,349	£1,218	£131	£103	£49	£-10	-0.1	25	0
31/03/11	*	£1,396	£1,324	£72	£87	£95	£140	1.3	20	0
31/03/10		£1,308	£1,297	£11	£92	£-222	£-287	-2.7	21	0
31/03/09		£1,465	£1,407	£58	£93	£-31	£-99	-0.8	25	0
31/03/08		£1,637	£1,693	£-56	£98	£42	£-63	-0.4	27	0
31/03/07	*	£1,577	£1,651	£-74	£168	£68	£12	0.1	0	0
31/03/06	*	£1,515	£1,514	£1	£0	£0	£0	n/a	0	0
31/03/05		£1,384	£1,389	£-5	£0	£0	£0	n/a	0	0
31/03/04	*	£1,209	£1,282	£-73	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 4.8%
Fundraising Costs/Total Spending: 4.4%
Highest pay band: Less than £60,000
Liabilities/Assets: 21%
Liabilities/Income: 19%
Unrestricted Funds/Total Funds: 89%
Reserves/Spending: 7.3 months
Net Current Assets/Spending: 7 months
Quick Ratio: 3.8

Asset Split ?

Established: 24 years

www.cornexchangenew.com

admin@cornexchangenew.co.uk

01635582666

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Recreation

GiG Classification

Other individual and family services

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Bracknell Forest, Hampshire, Oxfordshire, Reading, Slough, West Berkshire, Wiltshire, Windsor And Maidenhead, Wokingham,

Who it helps

The General Public/Mankind

Who works here?

48 employees
127 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

DCMS	£795,369
National Lottery Community Fund	£338,872
The Foyle Foundation	£122,000
Garfield Weston Foundation	£40,000

Specific Donations

Amount	When Months	To be used for
The Foyle Foundation - Arts
£100,000	28/11/2023	towards the capital redevelopment of the Old Library to become a permanent home for creative wellbeing activity and a new studio theatre
Backstage Trust - Capital grant
£15,480	04/10/2022	Feasibility study ahead of capital redevelopment to create new Learning Centre
Department for Work and Pensions - CORN EXCHANGE (NEWBURY) TRUST LIMMITED
£4,071	01/04/2022	The Kickstart Scheme provides funding to employers to create jobs for 16 to 24 year olds on Universal Credit.
Garfield Weston Foundation - Main Grants award
£40,000	04/03/2022	Corn Exchange (Newbury) Trust core costs
The Foyle Foundation - Arts
£22,000	03/12/2021	towards the residential 101Labs to support the development and creation of new work for public spaces and innovation in site-specific and outdoor performance
DCMS - Culture Recovery Fund: Continuity Support
£120,000	22/10/2021	To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further ....more To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further funding in order to be able to operate on a viable and sustainable basis by 31 March 2022.
National Lottery Community Fund - Ageing Creatively Continued
£338,872	11/02/2021 60	The theatre company will provide arts activities for older people in care settings the community and in their own arts venues across West Berkshire. Activities include singing music a memory café ....more The theatre company will provide arts activities for older people in care settings the community and in their own arts venues across West Berkshire. Activities include singing music a memory café dance sessions and storytelling. This will improve wellbeing through creativity and culture.
DCMS - Coronavirus Community Support Fund
£76,000	25/06/2020	"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more "The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to operate, thereby reducing the burden on public services.2) To ensure essential services are provided to vulnerable people, both in the short and long term through increased community support through the work of charitable organisations."
DCMS - National portfolio organisation 2018 - 2022
£239,324	01/04/2020	We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of ....more We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. We invest public money from Government and The National Lottery to help support the sector and to deliver this vision.
DCMS - Corn Exchange Emergency Fund Application
£240,045	01/04/2020	To support Arts and Culture throughout England
DCMS - Culture Recovery Fund - Round 2
£120,000	01/04/2020	To support Arts and Culture throughout England
Garfield Weston Foundation - Main Grants award
£25,000	16/05/2018	Specialist gallery equipment at The Base
National Lottery Community Fund - Ageing Creatively West Berkshire
£117,110	04/04/2016 36	This is a new project to develop an arts and learning programme for older people to help them maintain their independence and well-being. It will focus on supporting those living in care, recently ....more This is a new project to develop an arts and learning programme for older people to help them maintain their independence and well-being. It will focus on supporting those living in care, recently retired or at risk of social isolation, and be delivered across local, accessible locations, including day centres and care homes. Activities will include dance classes, singing, poetry, creative writing and an intergenerational project where young people use stories of older people to create a performance.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

Age Range of Trustees: 40-91

KAMAL BAHIA Appointed: 2021, Occupation: Nhs Executive

LUISA HINCHLIFFE Appointed: 2021

BECKI MCKINLAY Appointed: 2018, Occupation: Fundraising Consultant

LORD GEORGE REGINALD OLIVER CARNARVON, Occupation: Farmer Director

REBECCA CONSTABLE Appointed: 2018, Occupation: Director, Private Bank

ROBERT HOLLAND (Chair) Appointed: 2013, Occupation: Chartered Accountant

ROBERT HAYES Appointed: 2019, Occupation: Heritage Manager

JEFF BECK Appointed: 2011, Occupation: Retired, Other trusteeship: VOLUNTEER CENTRE WEST BERKSHIRE,

Legal constitution

Charitable company registered in England & Wales on 04/05/2000, number: 1080567
Registered at Companies House on 13/01/2000, number: 03908975

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity 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
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

Filing Record

20 returns made; AR11: 86 days late, AR07: 13 days late, AR06: 1 days late, AR04: 2 days late,

Main office

Corn Exchange
Market Place
Newbury
RG14 5BD

Objectives

THE EDUCATION OF THE PUBLIC IN THE ARTS IN WEST BERKSHIRE AND SURROUNDING DISTRICTS.

Defined Area of Benefit:

WEST BERKSHIRE AND SURROUNDING DISTRICTS.

Data Sources