THE ART ACADEMY
Registered charity 1078804 · accounts filings on the Charity Commission register · also known as THE PAINTING ACADEMY, THE SCULPTURE ACADEMY · filing overdue (register status)
The purpose of The Art Academy is to inspire and uplift society through art and art education, providing access to art experience for all the community. The motto of The Art Academy is CREATE - MASTER - INSPIRE
Causes: Education/training · Arts/culture/heritage/science · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £75,923 for the year ended 31 August 2024, with total income of £2.03m against expenditure of £2.11m. The trustees acknowledge a material uncertainty regarding the charity's ability to continue as a going concern, which is dependent on the sale of the Mermaid Court freehold property to restore free reserves to the target level of £390,000.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: three months of operating expenditure (held: £259k)
“The target level of free reserves remains £390,000, equivalent to approximately three months of operating expenditure.” — page 9
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees received commission on the sale of artwork at fundraising events.
“During the year 1 (2023 - 2) Trustee received commission on the sale of art work at fundraising events totalling £2,275 (2023 £3,994).” — page 35
“During the year, the Charity received income totalling £37,474 from Trustees. This income was received in respect of fundraising event tickets and auction pledges made at charity auction dinner events.” — page 35
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees received income from fundraising event tickets and auction pledges.
“During the year 1 (2023 - 2) Trustee received commission on the sale of art work at fundraising events totalling £2,275 (2023 £3,994).” — page 35
“During the year, the Charity received income totalling £37,474 from Trustees. This income was received in respect of fundraising event tickets and auction pledges made at charity auction dinner events.” — page 35
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by UHY Hacker Young. Discloses 5 of 6 completeness components.
Insolvency history (Companies House)
The charity’s company has insolvency history on the Companies House record (company status: administration).
in-administration — 2026-05-12
Corporate structure
Company officers (Companies House)
Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.
- GLEDSTONE, Timothy James — director, appointed 09/11/2023on trustee list
- CUSTIS, Alan Duncan — director, appointed 28/09/2023on trustee list
- MULHOLLAND, Paul Edward — director, appointed 06/07/2023on trustee list
- APALARA, Abimbola Oluwakemi — director, appointed 06/07/2023on trustee list
- BRIGHT, Amanda — director, appointed 06/07/2023not on trustee list
- PEPPER, Robert — director, appointed 06/07/2023on trustee list
- FENNELL, Damian Joseph — director, appointed 02/03/2018on trustee list
- ZAHEDI, Seyed Mohammad Amir — secretary, appointed 06/07/1999
Official officers record.
Structured financials (annual return, FY ending 31/08/2024)
Cost of raising funds
£80k
Reported reserves equal ~1.8 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Charitable activities (50% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 3.9% of total income — below the median for charities its size (5.2%) (benchmarks).
- Abimbola Oluwakemi Apalara
- Alan Duncan Custis
- Damian Fennell
- Melanie Ruth Gerlis
- Paul Mulholland
- Robert Pepper
- Timothy James Gledstone
Trustee list from the Charity Commission register (current, not historical).
Operates in: Throughout England And Wales
Income and spending
Common questions
Is THE ART ACADEMY financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £75,923 for the year ended 31 August 2024, with total income of £2.03m against expenditure of £2.11m. The trustees acknowledge a material uncertainty regarding the charity's ability to continue as a going concern, which is dependent on the sale of the Mermaid Court freehold property to restore free reserves to the target level of £390,000. Its FY2024 accounts were audited by UHY Hacker Young.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with THE ARTS EDUCATIONAL SCHOOLS.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.