Finance Score: -3

Governance Score: 6

Support Score: 3

Liabilities <10%: +3
Excess reserves: -3
Volatile income: -3

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

Grant maker support: +3

Overall GiG Score: 6

THE NEW ART EXCHANGE LTD

NEW ART EXCHANGE IS THE FIRST DEDICATED AFRICAN, AFRICAN CARIBBEAN AND SOUTH ASIAN CONTEMPORARY FACILITY FOR THE VISUAL ARTS OUTSIDE OF LONDON AND PLAYS A LEADING ROLE IN SUPPORTING BME COMMUNITIES AND MARGINALISED GROUPS WITH A PORTFOLIO OF COMMMUNITY OUTREACH, LEARNING AND YOUNG PEOPLE'S SERVICES

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There have been no material income shortfalls in recent 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 £3,793,341 available, equivalent to 38 months of spending and so may not be able to utilise additional funding
Income has been volatile recently

Established: 16 years
(20 years as a company)

www.nae.org.uk

info@nae.org.uk

01159248630

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	Volun- teers
31/03/23		£1,167	£1,205	£-39	£142	£3,794	£3,793	37.8	25	0
31/03/22		£1,486	£1,562	£-76	£134	£3,848	£3,609	27.7	32	0
31/03/21		£1,263	£1,291	£-29	£81	£3,924	£3,787	35.2	35	0
31/03/20		£1,605	£1,652	£-47	£143	£3,851	£3,650	26.5	37	30
31/03/19		£1,853	£1,935	£-82	£101	£3,899	£3,672	22.8	33	30
31/03/18	*	£1,114	£1,190	£-75	£34	£3,981	£152	1.5	30	0
31/03/17		£1,135	£1,119	£16	£31	£4,056	£154	1.7	30	0
31/03/16	*	£1,155	£1,138	£17	£54	£4,142	£142	1.5	30	0
31/03/15		£1,318	£1,304	£15	£59	£4,228	£132	1.2	33	0
31/03/14		£978	£956	£23	£46	£4,313	£117	1.5	26	0
31/03/13		£868	£845	£22	£143	£4,388	£95	1.3	15	0
31/03/12		£615	£783	£-168	£223	£4,472	£72	1.1	22	0
31/03/11		£1,009	£832	£177	£286	£4,639	£157	2.3	16	0
31/03/10		£545	£675	£-130	£137	£4,462	£-44	-0.8	16	0
31/03/09	*	£546	£668	£-122	£157	£4,672	£83	1.5	14	0

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Financial Ratios

Fundraising Costs/Relevant Income: 12.9%
Fundraising Costs/Total Spending: 11.8%
Senior Staff Costs/Total Spending: 7%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 2%
Liabilities/Income: 7%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 37.8 months
Net Current Assets/Spending: 5 months
Quick Ratio: 4.8

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training
Environment/Conservation/Heritage

How it operates

Other charitable activities
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Nottingham City, Nottinghamshire,

Who it helps

Children/Young People
Elderly/Old People
Other Defined Groups
People Of A Particular Ethnic Or Racial Origin
People With Disabilities
The General Public/Mankind

Who works here?

25 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
£10,000	20/01/2022	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.
DCMS - National Portfolio Organisation 2018 to 2022
£868,591	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 - National Portfolio Organisation 2018 to 2022
£852,898	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 to 2022
£852,898	01/04/2018	National Portfolio Organisation 2018 to 2022
DCMS - National Portfolio Organisation 2018 to 2022
£213,225	01/04/2018	To support National Portfolio Organisation 2018 to 2022
BBC Children in Need - Grant to New Art Exchange
£115,969	14/06/2017 36	This multi-layered arts project works with children and young people from deprived areas of inner city Nottingham. Young people will have stronger peer relationships, improved life skills and ....more This multi-layered arts project works with children and young people from deprived areas of inner city Nottingham. Young people will have stronger peer relationships, improved life skills and increased confidence.
Esmee Fairbairn - Grant to The New Art Exchange
£90,000	16/12/2015 36	Towards core work developing and showing culturally diverse artists.
Esmee Fairbairn - Grant to The New Art Exchange
£87,500	17/07/2013	Towards an artist development programme and towards the development of best practice in producing, presenting and growing culturally diverse art.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Age Range of Trustees: 34-60

JITEN ANAND Appointed: 2019, Occupation: Company Director, Other trusteeship: INCLUSION IN ARTS UK LIMITED,

LETHA CHARLES Appointed: 2023, Occupation: Accountant

MEETA DAVE Appointed: 2019, Occupation: Headteacher, Other trusteeship: GUJARAT SAMAJ NOTTINGHAM,

MICHAEL LAPPIN Appointed: 2023, Occupation: Director Of Enterprise

NISHA POPAT Appointed: 2023, Occupation: Manager

PROFESSOR CHRISTOPHER O'BRIEN OBE Appointed: 2012

RHIANNON PINCHBECK Appointed: 2019, Occupation: Post Doctoral Researcher

SAMORI GAMBRAH Appointed: 2023, Occupation: Vp Marketing

Legal constitution

Charitable company registered in England & Wales on 30/11/2007, number: 1121755
Registered at Companies House on 15/09/2003, number: 04899786

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Financial Conduct Authority

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
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

15 returns made; AR18: 2 days late, AR16: 12 days late, AR09: 67 days late,

Main office

39-41 GREGORY BOULEVARD
HYSON GREEN
NOTTINGHAM
NG7 6BE

Objectives

TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE APPRECIATION AND PRACTICE OF THE ARTS IN GENERAL AND AFRICAN, AFRICAN-CARIBBEAN AND SOUTH ASIAN ARTS IN PARTICULAR.

Defined Area of Benefit:

NOT DEFINED. IN PRACTICE, NOTTINGHAM, NORTHAMPTONSHIRE, DERBY, LINCLONSHIRE, LEICESTER, RUTLAND

Data Sources