PREMA
Prema exists to allow the community to interface with quality arts activities through a programme of creative opportunities and cultural expression.
Objects
ADVANCEMENT OF ADUCATION PARTICULARLY BY THE ENCOURAGING OF THE ARTS AND CRAFTS AND THE PROMOTION OF THOSE ACTIVITIES WHICH MAKE THEM RELEVANT TO THE COMMUNITY.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds totalled £124,448 at year-end, an increase from the previous year, while total charity funds stood at £533,419. The trustees report that the certainty of future funding is 'far from certain' due to disinvestment from local authorities and reliance on Arts Council England support. Despite this uncertainty, the charity maintained a net income of £5,044 for the year and considers its unrestricted reserves adequate for future needs.
What the accounts disclose
Policies the charity declares
- 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
Trustees
- Atlanta Haley Paraskeva
- Corina Louise Coombs
- Dr SIMON OPHER
- Emily May Barker
- Janette Wallace
- KAREN HILLIARD
- LAURA NICHOLAS
- Melanie Ann-Hannah Paraskeva
- Richard Alun Edmunds
- Sophia Rosalind Price
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £157k | £152k |
| 31/03/2024 | £148k | £157k |
| 31/03/2023 | £179k | £170k |
| 31/03/2022 | £156k | £149k |
| 31/03/2021 | £131k | £103k |
Common questions
Is PREMA financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds totalled £124,448 at year-end, an increase from the previous year, while total charity funds stood at £533,419. The trustees report that the certainty of future funding is 'far from certain' due to disinvestment from local authorities and reliance on Arts Council England support. Despite this uncertainty, the charity maintained a net income of £5,044 for the year and considers its unrestricted reserves adequate for future needs. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 13/10/2022 | £71k | National Portfolio Organisations |
| UK government | 13/10/2022 | £71k | National Portfolio Organisations |
| UK government | 13/12/2021 | £71k | National Portfolio Organisations |
| The National Lottery Community Fund | 17/11/2008 | £10k | Listening to Radiohead |