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BLACKWOOD ARTS CENTRE

Registered charity 1000905 · accounts filings on the Charity Commission register · filing overdue (register status)

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Latest income
£1.2m
Latest spending
£1.2m
Registered
1990
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity operated with a deficit of £486,881.71, which was fully covered by subsidy from the sole trustee, Caerphilly County Borough Council. The auditor issued a disclaimer of opinion due to significant internal control failures, including the lack of a dedicated bank account, fixed asset register, and errors in income recording. Despite these financial reporting deficiencies, the trustees report that future projections indicate the venue is on track to reduce its reliance on subsidy.

What the accounts disclose

Going concern: noted by the trustees or auditor
“The Council continues to support the Blackwood Arts Service with costs that includes covering any operating deficit in BMI’s accounts.” — page 23
Per its FY2024 accounts as filed with the Charity Commission.
Audit opinion: qualified
“Because of the significance of the matters described in the ‘Basis for Disclaimer of Opinions’ section of my report, I have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.”
Per its FY2024 accounts as filed with the Charity Commission.
Governance: Auditor issued a disclaimer of opinion due to lack of bank account/ledger, lack of fixed asset register, and high rate of error in income accounting.
“Because of the significance of the matters described in the ‘Basis for Disclaimer of Opinions’ section of my report, I have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on these financial statements.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Auditor General for Wales. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2024)

Total income
£1.2m
Total spending
£1.2m
Cost of raising funds
£70k
Reserves (reported)
£0
Employees
8

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout Wales

Income and spending

Financial year endIncomeSpending
31/03/2025——
31/03/2024£1.2m£1.2m
31/03/2023£931k£931k
31/03/2022£611k£611k
31/03/2021£409k£409k

Common questions

Is BLACKWOOD ARTS CENTRE financially healthy?

The accounts state that the charity operated with a deficit of £486,881.71, which was fully covered by subsidy from the sole trustee, Caerphilly County Borough Council. The auditor issued a disclaimer of opinion due to significant internal control failures, including the lack of a dedicated bank account, fixed asset register, and errors in income recording. Despite these financial reporting deficiencies, the trustees report that future projections indicate the venue is on track to reduce its reliance on subsidy. Its FY2024 accounts were audited by Auditor General for Wales.