Finance Score: -2

Governance Score: -1

Support Score: 4

Low unrestricted reserves: -2

Good trustee age range: +3
Static board: -3
Mainly female board: -1

Grant maker support: +4

Overall GiG Score: 1

OUTSET - CONTEMPORARY ART FUND

Promoting access to works of contemporary art through arranging visits, exhibitions, public facilities and other events at which works of contemporay art may be exhibited and studied; Securing contemporary works of art for presentation or loan to public art collations, museums and galleries.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker recently
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

The Board is predominantly female
The Board composition appears to be rather static

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end

Established: 20 years

www.outset.org.uk

info@outset.org.uk

02081271570

Charity Commission for England and Wales

Tweets

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
31/08/22		£1,185	£970	£216	£0	£333	£164	2	4
31/08/21		£998	£1,068	£-70	£0	£117	£117	1.3	4
31/08/20		£737	£946	£-209	£0	£187	£170	2.2	5
31/08/19		£1,225	£1,127	£98	£0	£396	£311	3.3	5
31/08/18		£919	£699	£221	£0	£298	£194	3.3	5
31/08/17		£679	£661	£18	£320	£77	£0	n/a	5
31/08/16	*	£394	£390	£4	£0	£0	£0	n/a	0
31/08/15	*	£589	£694	£-105	£35	£56	£3	0	3
31/08/14	*	£581	£485	£96	£11	£160	£27	0.7	4
31/08/13		£840	£834	£7	£13	£64	£58	0.8	3
31/08/12		£581	£637	£-56	£164	£58	£58	1.1	3
31/08/11	*	£548	£613	£-65	£114	£114	£114	2.2	3
31/08/10	*	£333	£254	£79	£0	£0	£0	n/a	0
31/08/09		£373	£408	£-35	£0	£0	£0	n/a	0
31/08/08	*	£437	£418	£19	£0	£0	£0	n/a	0
31/08/07	*	£526	£482	£43	£6	£116	£116	2.9	1
31/08/06	*	£180	£134	£46	£0	£0	£0	n/a	0
31/08/05	*	£137	£124	£12	£0	£0	£0	n/a	0
31/08/04	*	£51	£38	£14	£0	£0	£0	n/a	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 46%
Liabilities/Income: 24%
Unrestricted Funds/Total Funds: 49%
Reserves/Spending: 2 months
Net Current Assets/Spending: 4 months
Quick Ratio: 1.9

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science

How it operates

Makes Grants to Individuals
Makes Grants to Organisations

Where it operates

Austria, Brazil, Canada, China, Colombia, Cuba, Denmark, Estonia, France, Germany, Hong Kong, India, Ireland, Israel, Italy, Netherlands, Norway, Russia, Scotland, South Korea, Sweden, United States,

Who it helps

Children/Young People
The General Public/Mankind

Who works here?

4 employees

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.

Specific Donations

Amount	When Months	To be used for
DCMS - Investment funds
£44,704	21/06/2022	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 ....more 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 to help deliver this vision.
Greater London Authority - Grant to Outset Contemporary Art Fund
£30,000	17/01/2017	To provide financial and legal model for the Creative Land Trust

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Age Range of Trustees: 43-67

ANNA SHIELDS Appointed: 2015, Occupation: Trustee

MARIA MICAELA BOAS Appointed: 2012, Occupation: Director Of Outset Family

NICOLETTE MARIA CAVALEROS Appointed: 2016, Occupation: Trustee

ROLAND DENIS COWAN Appointed: 2018, Occupation: Architect

VERONIQUE PARKE Appointed: 2018, Occupation: Company Director

CANDIDA GERTLER (Chair) Appointed: 2003, Occupation: None, Other trusteeship: CREATIVE LAND TRUST,

Legal constitution

Charitable company registered in England & Wales on 13/01/2004, number: 1101476
Registered at Companies House on 19/08/2003, number: 04870490

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management

Filing Record

19 returns made; AR16: 68 days late, AR15: 6 days late, AR14: 126 days late, AR11: 116 days late, AR10: 87 days late, AR08: 351 days late, AR07: 176 days late, AR06: 723 days late, AR05: 149 days late, AR04: 11 days late,

Main office

Outset Contemporary Art Fund
Somerset House
Strand
LONDON
WC2R 1LA

Objectives

TO PROMOTE, IMPROVE AND ADVANCE EDUCATION IN THE FIELD OF CONTEMPORARY ART IN GENERAL, IN PARTICULAR (BUT WITHOUT LIMITATION) BYPROMOTING ACCESS TO WORKS OF CONTEMPORARY ART THROUGH ARRANGING VISITS, EXHIBITIONS, PUBLIC FACILITIES AND OTHER EVENTS AT WHICH WORKS OF CONTEMPORARY ART MAY BE EXHIBITED AND STUDIED;SECURING CONTEMPORARY WORKS OF ART FOR PRESENTATION OR LOAN TO PUBLIC ART COLLECTIONS, MUSEUMS AND GALLERIES;ESTABLISHING, PROMOTING AND MANAGING GALLERIES, INSTITUTIONS, ORGANISATIONS AND PLACES WHERE CONTEMPORARY WORKS OF ART MAY BE EXHIBITED; ANDTHE MAKING OF GRANTS TO ARTISTS OR ARTISTIC ORGANISATIONS WORKING IN THE FIELD OF CONTEMPORARY ART TO ENABLE THEM TO CARRY NEW PROJECTS OR FURTHER THEIR ARTISTIC DEVELOPMENT AND EDUCATION.

Defined Area of Benefit:

NOT DEFINED.

Data Sources