ST HUGH'S FOUNDATION FOR THE ARTS
St Hugh's encourages arts research and development by enabling applicants from Lincolnshire, East Yorkshire and the City of Hull to make their own impact regionally or nationally through new work in any of the art forms. With limited resources, it has a distinguished record of supporting innovative development projects that have made an impact in and far beyond the region of benefit.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £68,214, which is in excess of the trustees' stated policy target of a maximum of £35,000. The charity reported a net decrease in total funds of £121 for the year, driven by investment gains offsetting charitable expenditure, and maintains adequate resources for the foreseeable future.
What the accounts disclose
“Income is generated from the investment portfolio” — page 6
“the Trustees consider it prudent to maintain general reserves equivalent to approximately two year's income, to a maximum of £35,000.” — page 6
Trustees
- Tanya Akrofichair
- Amie Alissa Watson
- Catherine Anderson
- James Trowsdale
- NEIL ROBERTS
- Patricia Gail Rhodes
- Phil White
- Rebecca Kershaw
- Susan McCormick
- Tessa Oram
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £27k | £27k |
| 31/03/2024 | £25k | £19k |
| 31/03/2023 | £24k | £23k |
| 31/03/2022 | £19k | £14k |
| 31/03/2021 | £21k | £27k |
Common questions
Is ST HUGH'S FOUNDATION FOR THE ARTS financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £68,214, which is in excess of the trustees' stated policy target of a maximum of £35,000. The charity reported a net decrease in total funds of £121 for the year, driven by investment gains offsetting charitable expenditure, and maintains adequate resources for the foreseeable future. Its FY2025 accounts were independently examined.