Finance Score: -2

Governance Score: 6

Support Score: 7

Liabilities <10%: +3
Excess reserves: -2
Strong growth: +2
Multiple Deficits: -2
Fundraising costs high: -3

Good trustee age range: +3
Dynamic board: +3

Grant maker support: +7

Overall GiG Score: 11

NEWLYN ART GALLERY LIMITED

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.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been strong growth in spending over the last 5 years
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 dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £2,628,444 available, equivalent to 26 months of spending and so may not be able to utilise additional funding
On several occasions in recent years income has been less than spending
Fundraising costs are high relative to funds raised

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		£815	£1,225	£-410	£164	£4,088	£2,628	25.8	31	45
31/03/22		£1,203	£1,012	£192	£123	£4,498	£2,572	30.5	27	40
31/03/21		£1,012	£765	£247	£81	£4,306	£2,328	36.5	30	37
31/03/20		£940	£860	£81	£138	£4,059	£2,198	30.7	26	50
31/03/19		£618	£701	£-83	£128	£3,766	£2,158	36.9	21	47
31/03/18		£639	£687	£-48	£131	£3,849	£2,162	37.8	23	0
31/03/17		£699	£743	£-44	£136	£3,984	£2,207	35.6	23	0
31/03/16		£737	£732	£5	£104	£3,896	£2,156	35.4	18	0
31/03/15	*	£552	£629	£-77	£75	£3,891	£2,062	39.3	15	0
31/03/14		£548	£682	£-134	£121	£3,960	£2,042	35.9	17	0
31/03/13		£552	£681	£-130	£110	£4,093	£2,061	36.3	17	0
31/03/12	*	£641	£671	£-30	£113	£4,205	£2,084	37.3	14	0
31/03/11	*	£491	£596	£-105	£0	£0	£0	n/a	0	0
31/03/10	*	£593	£628	£-35	£38	£4,372	£2,131	40.7	9	0
31/03/09		£486	£503	£-17	£0	£0	£0	n/a	0	0
31/03/08	*	£1,916	£614	£1,302	£11	£4,462	£2,100	41.1	10	0
31/03/07	*	£2,721	£3,160	£-439	£138	£3,160	£-58	-0.2	6	0
31/03/06		£290	£277	£13	£0	£0	£0	n/a	0	0
31/03/05		£341	£260	£81	£0	£0	£0	n/a	0	0
31/03/04		£264	£251	£13	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 26.3%
Fundraising Costs/Total Spending: 13.4%
Highest pay band: Less than £60,000
Liabilities/Assets: 3%
Liabilities/Income: 15%
Unrestricted Funds/Total Funds: 64%
Reserves/Spending: 25.8 months
Net Current Assets/Spending: 2 months
Quick Ratio: 1.4

Asset Split ?

Established: 47 years

www.newlynartgallery.co.uk

INFO@NEWLYNARTGALLERY.CO.UK

01736363715

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Cornwall,

Who it helps

Children/Young People
The General Public/Mankind

Who works here?

31 employees
45 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	£529,790
Paul Hamlyn Foundation	£149,700
Garfield Weston Foundation	£128,544

Specific Donations

Amount	When Months	To be used for
Paul Hamlyn Foundation - Think, Talk, Make Art: Newlyn Art Gallery Schools Partnership
£149,700	08/03/2021	Newlyn Art Gallery will partner with nine primary schools, led by Newlyn School, in rural West Cornwall and the Isles of Scilly, to create an in-school gallery at each location. Artworks will be ....more Newlyn Art Gallery will partner with nine primary schools, led by Newlyn School, in rural West Cornwall and the Isles of Scilly, to create an in-school gallery at each location. Artworks will be borrowed from the Arts Council Collection and Cornwall Council Schools Art Collection, and inspire a programme of live and digital continuing professional development and learning for teachers and senior staff led by artist-educators. Teachers’ learning will focus on practical sessions, exploring drawing, printmaking and 3D construction, along with thinking and talking about art, enabling them to harness the full potential of art across their curriculum.
Garfield Weston Foundation - WCF award - COVID19 response
£128,544	12/02/2021	Weston Culture Fund
DCMS - National portfolio organisation 2018 - 2022
£368,417	01/04/2020	The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given ....more The wider aim of the scheme is: We are the national development agency for creativity and culture. 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. Between 2018 and 2022, we will invest £1.45 billion of public money from government and an estimated £860 million from the National Lottery to help deliver this vision.
DCMS - CRF2 - Newlyn
£161,373	01/04/2020	To support Arts and Culture throughout England
DCMS - National portfolio organisation 2018 - 2022
£361,761	01/04/2019	£1.6bn invested in the key arts and culture infrastrucure organisations in England for a 4 year period
DCMS - National portfolio organisation 2018 - 2022
£361,761	01/04/2018	National portfolio organisation 2018 - 2022
DCMS - National portfolio organisation 2018 - 2022
£90,440	01/04/2018	To support National portfolio organisation 2018 - 2022
National Lottery Heritage Fund - Grant to Newlyn Art Gallery
£10,000	05/07/2017	Craft School :The Art of Making, a connection to materials and sharing of traditional skills

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Age Range of Trustees: 26-62

BETHIA NAUGHTON-RUMBO Appointed: 2018, Occupation: Marketing And Communications Consultant

GINA BUENFELD-MURLEY Appointed: 2021, Occupation: Curator

HANNAH MAE BUCKINGHAM Appointed: 2021, Occupation: N/A

JOSEPH EDWARD BULMAN Appointed: 2021, Occupation: Student

LIADHAIN TAIT Appointed: 2018, Occupation: Head Of External Relations

NIGEL PHILLIP WILLIAMS Appointed: 2021, Occupation: Company Director

MYFANWY BARRETT Appointed: 2018, Occupation: Financial Director, Other trusteeships: MORRAB LIBRARY, THE MORRAB LIBRARY,

VIRGINIA MARY BUTTON Appointed: 2018, Occupation: Self Employed Writer And Curator

MIRANDA BIRD (Chair) Appointed: 2016, Occupation: None, Other trusteeship: WOODBROOKE QUAKER STUDY CENTRE,

NEIL SCOTT Appointed: 2017, Occupation: Retired, Other trusteeship: ST IVES SCHOOL OF ART,

Legal constitution

Charitable company registered in England & Wales on 24/06/1977, number: 273785
Registered at Companies House on 22/04/1977, number: 01310070

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

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

Filing Record

20 returns made; AR15: 25 days late, AR12: 2 days late, AR11: 9 days late, AR10: 12 days late, AR08: 3 days late, AR07: 283 days late,

Main office

The Exchange
Princes Street
Penzance
Cornwall
TR18 2NL

Objectives

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

Defined Area of Benefit:

NEWLYN

Data Sources