ZABLUDOWICZ ART PROJECTS
To advance the public's awareness, appreciation and understanding of contemporary art.
Financial health, per its FY2024 accounts
The accounts state that the charity operates with a continuing retained deficit and has net liabilities, relying entirely on financial support from the Zabludowicz Art Trust to remain solvent. Per the trustees' report, the charity surrendered its London exhibition space lease in 2024 and is currently seeking alternative venue space while maintaining online and touring activities.
What the accounts disclose
“TOTAL FUNDS CARRIED FORWARD (150,630)”
“The charity is reliant on the support of the Zabludowicz Art Trust. The trustees consider it appropriate to prepare the financial statements on the going concern basis as the Zabludowicz Art Trust has indicated its willingness to continue to support the charity for at least 12 months following the signing of these financial statements and will make sufficient funds available during 2025 to allow the charity to rectify its negative reserve position at the balance sheet date.” — page 10
Structured financials (annual return, FY ending 29/12/2024)
Trustees
- CHAIM ZABLUDOWICZchair
- ANITA RUTH ZABLUDOWICZ
- Dr FABIO BOTTERINI DE PELOSI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 29/12/2024 | £690k | £479k |
| 29/12/2023 | £1.2m | £1.4m |
| 29/12/2022 | £1.3m | £1.3m |
| 29/12/2021 | £951k | £981k |
| 29/12/2020 | £927k | £919k |
Common questions
Is ZABLUDOWICZ ART PROJECTS financially healthy?
Per its FY2024 accounts: The accounts state that the charity operates with a continuing retained deficit and has net liabilities, relying entirely on financial support from the Zabludowicz Art Trust to remain solvent. Per the trustees' report, the charity surrendered its London exhibition space lease in 2024 and is currently seeking alternative venue space while maintaining online and touring activities. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AMPERSAND FOUNDATION | 1 | £58k |
| JOHN LYON'S CHARITY | 1 | £42k |
| NATIONAL ART COLLECTIONS FUND | 1 | £40k |
| THE FREELANDS FOUNDATION LIMITED | 1 | £25k |
| CATHY WILLS CHARITABLE TRUST | 1 | £10k |
| THE HENRY MOORE FOUNDATION | 1 | £10k |
| THE PAUL MELLON CENTRE FOR STUDIES IN BRITISH ART | 1 | £7k |
| DR RADCLIFFE'S TRUST | 1 | £2k |
Charities like this
- THE SAATCHI GALLERY, LONDON
- ASSOCIATION FOR CULTURAL ADVANCEMENT THROUGH VISUAL ART LIMITED
- BARBICAN ARTS GROUP TRUST
- STIWT ARTS TRUST LIMITED
- THE ARTANGEL TRUST
- THE SHOWROOM GALLERY LTD.
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ZABLUDOWICZ ART PROJECTS | £690k | — | 0 | below | — | noted |
| THE SAATCHI GALLERY, LONDON | £4.9m | — | — | below | — | noted |
| ASSOCIATION FOR CULTURAL ADVANCEMENT THROUGH VISUAL ART LIMITED | £2.0m | £60,001 - £70,000 | — | unclear | — | no doubt |
| BARBICAN ARTS GROUP TRUST | £158k | — | 0 | unclear | — | noted |
| STIWT ARTS TRUST LIMITED | £274k | — | 0 | unclear | — | noted |
| THE ARTANGEL TRUST | £1.4m | £90,001 - £100,000 | — | unclear | — | no doubt |