CORE ARTS
Relieving persons suffering from mental illness by the encouragement of participation in creative activities, particularly, but not exclusively, painting, photography, printing, music and creative writing.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net surplus of £151,756 for the year ended 31 March 2025 and holds total unrestricted reserves of £1,492,126. The trustees confirm that sufficient funding is in place to prepare the financial statements on a going concern basis, with net current assets of £164,304 and significant property equity underpinning the reserves position.
What the accounts disclose
“one employee earned in excess of £60,000” — page 37
“one employee earned in excess of £60,000” — page 37
“A designated reserve of £210,000, which represents four months of our yearly expenditure is held to enable the orderly closure of the charity should this become necessary.” — page 20
Year-over-year changes
- Employees paid over £60,000: 0 (FY2024) → 1 (FY2025).
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Vivienne Havellchair
- Benjamin Keir Gooch
- Claire Elise Glasgow
- Dr MARK SALTER
- Ellen Faith Willetts
- Shaun Adams
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.3m | £1.2m |
| 31/03/2024 | £1.1m | £1.1m |
| 31/03/2023 | £1.2m | £1.2m |
| 31/03/2022 | £1.1m | £1.0m |
| 31/03/2021 | £1.0m | £863k |
Common questions
Is CORE ARTS financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a net surplus of £151,756 for the year ended 31 March 2025 and holds total unrestricted reserves of £1,492,126. The trustees confirm that sufficient funding is in place to prepare the financial statements on a going concern basis, with net current assets of £164,304 and significant property equity underpinning the reserves position. Its FY2025 accounts were audited by INNOVI ADVISORS LTD.
What does the highest-paid employee of CORE ARTS earn?
Per its FY2025 accounts, the highest-paid employee was in the more than £60,000 band, and 1 employees earned over £60,000.
Who funds CORE ARTS?
Funders whose own accounts filings name CORE ARTS as a grant recipient include THE PRUDENCE TRUST, KUSUMA TRUST UK, THE CHIMO TRUST CIO, THE LONDON MARATHON CHARITABLE TRUST LIMITED, The Merchant Taylors' Foundation.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE PRUDENCE TRUST | FY2021 | £162k | for capital costs for their art school canal boat to help promote positive mental health |
| KUSUMA TRUST UK | FY2024 | £64k | Core Arts Community Garden |
| KUSUMA TRUST UK | FY2023 | £64k | Core Arts Community Garden |
| KUSUMA TRUST UK | FY2025 | £64k | Core Arts Community Garden |
| THE CHIMO TRUST CIO | FY2023 | £50k | Refurbishment of touring canal boat to expand reach |
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | FY2024 | £25k | Physical activity programme |
| The Merchant Taylors' Foundation | FY2022 | £19k | Other |
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | FY2023 | £11k | Physical activity programme |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 26/02/2024 | £7k | Connect at Core Sports for mental health |
| Sport England | 22/11/2022 | £10k | Jubilee Fund - Core Active: mental health midlife project |
| The National Lottery Community Fund | 20/05/2022 | £10k | Core Arts online connectivity for mental health |
| Greater London Authority | 01/12/2020 | £19k | Grant to Core Arts |
| Thrive LDN | 16/03/2020 | £10k | Core Gardening for Life |
| Greater London Authority | 30/09/2019 | £137k | Core Sport and Core Arts: using activity and creativity to support social integration |
| The National Lottery Community Fund | 10/05/2019 | £10k | Maximising Impact of the Core Arts Hall |
| City Bridge Foundation | 09/05/2019 | £150k | Grant to Core Arts |
| Sport England | 16/07/2018 | £7k | Core Arts' Movement |
| Greater London Authority | 18/01/2018 | £40k | Grant to Core Arts |
| City Bridge Foundation | 20/09/2017 | £2k | Grant to Core Arts |
| City Bridge Foundation | 23/05/2016 | £21k | Grant to Core Arts |
| The National Lottery Community Fund | 29/10/2014 | £10k | Core Arts Centre Hall refurbishment |
| The National Lottery Community Fund | 08/12/2011 | £10k | Core Arts Centre's new toilet and refurbished kitchen |
| The National Lottery Community Fund | 06/11/2009 | £10k | Core Arts PA |
| The National Lottery Community Fund | 10/06/2009 | £30k | Core Arts Disability Van |
| The National Lottery Community Fund | 15/03/2006 | £5k | Poetry Project |
| The National Lottery Community Fund | 14/09/2004 | £129k | Support to a larger number of people who suffer from severe and enduring me |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JOHN THAW FOUNDATION | 2 | £2k |
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £543k |
| COUTTS CHARITABLE FOUNDATION | 1 | £180k |
| JOHN LYON'S CHARITY | 1 | £139k |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £111k |
| RAISE YOUR HANDS | 1 | £102k |
| THE RORY AND ELIZABETH BROOKS FOUNDATION | 1 | £100k |
| SANTANDER UK FOUNDATION LIMITED | 1 | £85k |
Charities like this
- ARTCORE INTERNATIONAL
- CREATE (ARTS) LIMITED
- ARTSWORK LIMITED
- ARTY-FOLKS
- ALL ARTS & MEDIA LTD
- INDEPENDENT ARTS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CORE ARTS | £1.3m | more than £60,000 | 1 | unclear | — | no doubt |
| ARTCORE INTERNATIONAL | £238k | — | 0 | unclear | — | no doubt |
| CREATE (ARTS) LIMITED | £1.6m | — | — | unclear | — | no doubt |
| ARTSWORK LIMITED | £1.9m | — | — | unclear | — | no doubt |
| ARTY-FOLKS | £262k | — | — | unclear | — | no doubt |
| ALL ARTS & MEDIA LTD | £99k | — | 0 | unclear | — | no doubt |