ARTES MUNDI PRIZE LIMITED

Registered charity 1097377 · accounts filings on the Charity Commission register · also known as ARTES MUNDI, ARTES MUNDI PRIZE

Artes Mundi Prize Limited is a not-for-profit organisation that brings exceptional and challenging international artists to Wales, generating unique opportunities for individuals and local communities to engage creatively with the urgent issues of our time in ways which are meaningful, and useful in our everyday lives.

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

Latest income

£275k

Latest spending

£317k

Registered

2003

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity incurred a net outgoing resource of £42,179 for the year, resulting in a decrease in total funds from £167,013 to £124,833. However, the trustees report that unrestricted free reserves of £123,730 are above their stated policy target range of £70,000 to £90,000, and they consider the charity to be on a financially sound footing with substantial income already secured for the coming year.

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

What the accounts disclose

Largest income source: Grants from other charities (53% of income)

“Grants from other charities 216,419 56,819 273,238” — page 31

Per its FY2025 accounts as filed with the Charity Commission.

Reserves policy: £70,000 to £90,000 (held: £124k)

“The Trustees believe that the ideal level for free reserves on 31 March 2025 falls within the range of £70,000 to £90,000.” — page 11

Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by HSJ Audit Limited. Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2024)

Total income

£622k

Total spending

£730k

Cost of raising funds

£46k

Reserves (reported)

£85k

Employees

Reported reserves equal ~1.4 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (99% 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: 7.4% of total income — above the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

Professor Michael Bowen Toobychair
ADAM SALKELD · trustee of 1 other charity
Derek Anthony Howell · trustee of 1 other charity
Dr Debra Jane Savage
Dr Francesca Olutokunbo Wilson Sobande
Elaine Joyce Cabuts · trustee of 1 other charity
Leyla Natasha Pope
Peter Shun Kit Wong

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

Operates in: Throughout Wales

Income and spending

Financial year end	Income	Spending
31/03/2025	£275k	£317k
31/03/2024	£622k	£730k
31/03/2023	£427k	£401k
31/03/2022	£417k	£451k
31/03/2021	£404k	£354k

Common questions

Is ARTES MUNDI PRIZE LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that the charity incurred a net outgoing resource of £42,179 for the year, resulting in a decrease in total funds from £167,013 to £124,833. However, the trustees report that unrestricted free reserves of £123,730 are above their stated policy target range of £70,000 to £90,000, and they consider the charity to be on a financially sound footing with substantial income already secured for the coming year. Its FY2025 accounts were audited by HSJ Audit Limited.

Who funds ARTES MUNDI PRIZE LIMITED?

Funders whose own accounts filings name ARTES MUNDI PRIZE LIMITED as a grant recipient include CYNGOR CELFYDDYDAU CYMRU, COLWINSTON CHARITABLE TRUST, MARGARET DAVIES CHARITY.

Known funders

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

Funder	Year	Amount	Purpose (as stated by the funder)
CYNGOR CELFYDDYDAU CYMRU	FY2023	£152k	Core funding
COLWINSTON CHARITABLE TRUST	FY2023	£100k	A grant of £100,000, spread equally over two years, was offered to towards the pan-Wales presentations of Artes Mundi 10.
MARGARET DAVIES CHARITY	FY2022	£5k
CYNGOR CELFYDDYDAU CYMRU	FY2023	£5k	Cost-of-living support

Government & lottery funding

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

Funder	Date	Amount	Purpose
The National Lottery Heritage Fund	04/07/2023	£99k	"Artes Mundi 10: Ein Hiraeth AM10: Perspectives from Home"