S1: ARTSPACE/PROJECTS

Registered charity 1089266 · accounts filings on the Charity Commission register · also known as S1 ARTSPACE

S1 Artspace's mission is to enable artists to achieve their ambitions through opportunities and resource, alongside a public programme that engages a broad audience both locally and internationally. Its purpose is to provide a focal point for the production, presentation and debate of contemporary art practice and support artist professional development through opportunities and collaboration.

Causes: Education/training · Arts/culture/heritage/science · website · Get email alerts

Latest income
£2.8m
Latest spending
£165k
Registered
2001
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a significant increase in total income to £2,828,498, driven by restricted capital funding for the acquisition of a permanent building, while total expenditure remained low at £165,496. Although unrestricted reserves of £6,666 are currently below the trustees' policy target of three months' turnover or £60,000, the charity holds substantial restricted and capital funds to support its ongoing development.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months’ turnover or £60,000, whichever is higher, excluding capital project expenditure (held: £7k)
“The reserves policy seeks to maintain free reserves equivalent to three months’ turnover or £60,000, whichever is higher, excluding capital project expenditure.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Louise Hutchinson, Company Secretary, provided consultancy services.
“During the year the charity engaged Louise Hutchinson, the Company Secretary, to provide consultancy and related services on an arm’s length basis. The amount paid out during the year was £92,059, including for work in an earlier period. £30,906 was outstanding at the year end.” — page 21
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Allen, West and Foster. Discloses 5 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.8m
Total spending
£165k
Reserves (reported)
£7k
Employees
0

Reported reserves equal ~0.5 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 (100% 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: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Sheffield City

Income and spending

Financial year endIncomeSpending
31/03/2025£2.8m£165k
31/03/2024£26k£38k
31/03/2023£118k£106k
31/03/2022£98k£158k
31/03/2021£160k£118k

Common questions

Is S1: ARTSPACE/PROJECTS financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a significant increase in total income to £2,828,498, driven by restricted capital funding for the acquisition of a permanent building, while total expenditure remained low at £165,496. Although unrestricted reserves of £6,666 are currently below the trustees' policy target of three months' turnover or £60,000, the charity holds substantial restricted and capital funds to support its ongoing development. Its FY2025 accounts were audited by Allen, West and Foster.

Who funds S1: ARTSPACE/PROJECTS?

Funders whose own accounts filings name S1: ARTSPACE/PROJECTS as a grant recipient include SHEFFIELD TOWN TRUST, THE J G GRAVES CHARITABLE TRUST.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
SHEFFIELD TOWN TRUSTFY2022£3k
THE J G GRAVES CHARITABLE TRUSTFY2022£2k
THE J G GRAVES CHARITABLE TRUSTFY2023£2k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund17/10/2018£69k"Resilient Park Hill"
The National Lottery Community Fund15/02/2006£3kIdentity and Entrance Improvements

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 ART SPACE.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
S1: ARTSPACE/PROJECTS£2.8m—0unclear—no doubt
ART SPACE FY2026£497k—0unclear—no doubt
ART SERVICES GRANTS LIMITED FY2025£5.9mOver £60,0001above—no doubt
ARTIS FOUNDATION FY2025£1.0m—0unclear—no doubt
ACTION SPACE LONDON EVENTS LIMITED FY2025£613k—0unclear—no doubt
THE SHOWROOM GALLERY LTD. FY2025£409k—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.