BLACKWOOD ARTS CENTRE
Registered charity 1000905 · accounts filings on the Charity Commission register · filing overdue (register status)
Blackwood Arts Centre provides high quality professional, community & amateur art & entertainment for a wide range of audiences. This includes light entertainment dance, drama, comedy, childrens theatre, musical theatre, opera companies & choirs, as well as local ensembles. It also provides opportunities for people from all sectors of the community to take part in creative activities including you
Causes: Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · Economic/community Development/employment · website · Get email alerts
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.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Largest income source: earned income (45% of income)
“earned income makes up approximately 45% of the charity’s turnover.”
Per its FY2024 accounts as filed with the Charity Commission.
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.
Public profiles (found on the charity’s own website): facebook · instagram
Structured financials (annual return, FY ending 31/03/2024)
Cost of raising funds
£70k
Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Charitable activities (93% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 5.9% of total income — above the median for charities its size (5.2%) (benchmarks).
Trustee list from the Charity Commission register (current, not historical).
Operates in: Throughout Wales
Income and spending
Common questions
Is BLACKWOOD ARTS CENTRE financially healthy?
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. Its FY2024 accounts were audited by Auditor General for Wales.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with The Montgomery Theatre and Arts Centre Limited.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.