THE DISCERNING EYE LTD
The Charity aims to promote the artistic works of unknown artists and to offer prizes and busaries to further their artistic careers
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £497,881, representing 101% of budgeted annual expenditure. The charity reported a net income of £174,780, significantly boosted by a £150,392 legacy, resulting in a strong cash position of £401,341. The filing confirms compliance with statutory requirements and notes that the company is entitled to exemption from audit.
What the accounts disclose
“Income from the Christopher Jermyn Trust 150,392” — page 6
“The Directors aim to hold adequate resources to provide sufficient working capital for the company. At 28 February 2025, this was approximately 101% (2024 102%) of the budgeted annual expenditure” — page 3
“During the year Mrs C Enskat received an accountancy fee of £1562” — page 7
Trustees
- Sarah Hallchair
- Adelaide Maami Abena Damoah
- Dr Giles Brown
- Mervyn Metcalf
- Tabish Khan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £365k | £190k |
| 29/02/2024 | £207k | £169k |
| 28/02/2023 | £221k | £168k |
| 28/02/2022 | £207k | £170k |
| 28/02/2021 | £101k | £87k |
Common questions
Is THE DISCERNING EYE LTD financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £497,881, representing 101% of budgeted annual expenditure. The charity reported a net income of £174,780, significantly boosted by a £150,392 legacy, resulting in a strong cash position of £401,341. The filing confirms compliance with statutory requirements and notes that the company is entitled to exemption from audit. Its FY2025 accounts were independently examined.