Wolverhampton Arts Centre
To provide opportunities for engagement and participation in the creative arts by providing - affordable, multi-cultural, arts-based events- comfortable and congenial facilities for the arts at an affordable rent- good quality spaces and opportunities for local people in creative arts, media and related activities
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £116,069 for the year, resulting in a decrease in total funds from £468,086 to £352,017. Free reserves stood at £142,690, which the trustees note is below the policy target of 25% of turnover needed to cover three months of running costs. The trustees confirm that resources are adequate to continue as a going concern for the next 12 months.
What the accounts disclose
“Grants 3 251,145 304,777 555,922 482,773” — page 16
“It has been calculated that reserves of 25% of turnover would be needed to continue running for at least three months.” — page 12
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Wendy Downschair
- Curtis Miles Shelton
- Frederick Philip Richings
- KEITH ANTHONY FRASER
- Lynn Court
- Martin Cartwright
- Olivia Kerr Ms
- RYAN TAYLOR
- Richard James Ashwell
- Tom Roden
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £959k | £1.1m |
| 31/03/2024 | £831k | £679k |
| 31/03/2023 | £569k | £692k |
| 31/03/2022 | £601k | £629k |
| 31/03/2021 | £563k | £371k |
Common questions
Is Wolverhampton Arts Centre financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £116,069 for the year, resulting in a decrease in total funds from £468,086 to £352,017. Free reserves stood at £142,690, which the trustees note is below the policy target of 25% of turnover needed to cover three months of running costs. The trustees confirm that resources are adequate to continue as a going concern for the next 12 months. Its FY2025 accounts were independently examined.
Who funds Wolverhampton Arts Centre?
Funders whose own accounts filings name Wolverhampton Arts Centre as a grant recipient include THE ARCHITECTURAL HERITAGE FUND, THE FORTE CHARITABLE FOUNDATION, THE EDWARD AND DOROTHY CADBURY TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE ARCHITECTURAL HERITAGE FUND | FY2022 | £10k | Project Development Grant |
| THE ARCHITECTURAL HERITAGE FUND | FY2022 | £8k | Project Development Grant |
| THE FORTE CHARITABLE FOUNDATION | FY2025 | £5k | 24% of the core costs for a creative activity programme for young people in Whitmore Reans, Wolverhampton. |
| THE EDWARD AND DOROTHY CADBURY TRUST | FY2022 | £1k | Arts and Culture |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 03/04/2023 | £25k | Unrestricted Funding |
| The National Lottery Community Fund | 20/04/2004 | £5k | yea long programme of multi-cultural arts activities |