ARTISTS STUDIO COMPANY
To advance the education of the public in the arts; To relieve poverty by assisting unestablished artists to become self-supporting through their art; andTo promote and improve art and the production of objects and works of artistic merit.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £440,291 and total unrestricted funds of £5,543,432, including a revaluation reserve of £1,876,323. The trustees have set a minimum free reserve policy target of £450,000, which the charity exceeds. The auditor confirmed that the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The number of employees whose remuneration fell within the following bands: £130,001 - £140,000 1” — page 17
“The number of employees whose remuneration fell within the following bands: £130,001 - £140,000 1” — page 17
“Studio licence fees 2,976,189” — page 11
“The trustees have agreed a minimum free reserve totalling £450,000, including £425,123 returnable workspace deposits. This is the sum the trustees agree is a reasonable sum to safeguard against the Charity's identified risks.” — page 6
“received £51,290 as studio fee from Bainbridge Print represented by the spouse of the CEO.” — page 20
“paid £11,250 as consultancy fee for Gallery Hire to Bainbridge Print represented by the spouse of the CEO.” — page 20
“received £51,290 as studio fee from Bainbridge Print represented by the spouse of the CEO.” — page 20
“paid £11,250 as consultancy fee for Gallery Hire to Bainbridge Print represented by the spouse of the CEO.” — page 20
Year-over-year changes
- Top pay band moved from £120,001 - £130,000 (FY2023) to £130,001 - £140,000 (FY2024).
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- CAROLYN UPSON
- JOHN CASSIDY
- JOHN LESLIE HAMMOND
- Jonathan Anthony Goode
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.0m | £2.6m |
| 31/12/2023 | £3.0m | £2.4m |
| 31/12/2022 | £2.6m | £2.1m |
| 31/12/2021 | £2.7m | £2.1m |
| 31/12/2020 | £2.5m | £2.2m |
Common questions
Is ARTISTS STUDIO COMPANY financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net income of £440,291 and total unrestricted funds of £5,543,432, including a revaluation reserve of £1,876,323. The trustees have set a minimum free reserve policy target of £450,000, which the charity exceeds. The auditor confirmed that the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2024 accounts were audited by PK Audit LLP.
What does the highest-paid employee of ARTISTS STUDIO COMPANY earn?
Per its FY2024 accounts, the highest-paid employee was in the £130,001 - £140,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £543k |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £111k |
| THE FUNDING NETWORK | 1 | £85k |
| JOHN LYON'S CHARITY | 1 | £42k |
| THE LOVINGTON FOUNDATION | 1 | £39k |
| The Portal Trust | 1 | £20k |
| NETWORK FOR SOCIAL CHANGE CHARITABLE TRUST | 1 | £19k |
| THE CHILDHOOD TRUST | 1 | £13k |
Charities like this
- BATH ARTISTS' STUDIOS LIMITED
- ARTSWORK LIMITED
- ASSOCIATION FOR CULTURAL ADVANCEMENT THROUGH VISUAL ART LIMITED
- ART GENE LIMITED
- ARTIS FOUNDATION
- S1: ARTSPACE/PROJECTS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ARTISTS STUDIO COMPANY | £3.0m | £130,001 - £140,000 | 1 | unclear | — | no doubt |
| BATH ARTISTS' STUDIOS LIMITED | £142k | — | 0 | unclear | — | no doubt |
| ARTSWORK LIMITED | £1.9m | — | — | unclear | — | no doubt |
| ASSOCIATION FOR CULTURAL ADVANCEMENT THROUGH VISUAL ART LIMITED | £2.0m | £60,001 - £70,000 | — | unclear | — | no doubt |
| ART GENE LIMITED | £404k | — | 0 | above | — | no doubt |
| ARTIS FOUNDATION | £1.0m | — | 0 | unclear | — | no doubt |