DARBAR ARTS CULTURE AND HERITAGE TRUST
Financial health, per its FY2025 accounts
The accounts state that total income increased to £1,298,133, resulting in a net income of £187,153 and unrestricted reserves of £565,301. The trustees maintain a reserves policy of approximately £80,000, which is well below the actual unrestricted reserves held. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding going concern.
What the accounts disclose
“Trustees consider it reasonable to maintain three months overhead costs as reserves which are estimated to be approximately £80,000.”
“Sandeep Virdee, a Trustee, is also the Artistic Director of the charity. His appointment and remuneration have been agreed by other Trustees and comply with the charity’s constitution and Charity Commission requirements.”
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Deepak Paramanand
- Freya Salway
- Harmeet Virdee
- NISHANT BHASKAR
- Narmada Guruswamy
- Sabine Kindal
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.3m | £1.1m |
| 31/03/2024 | £983k | £888k |
| 31/03/2023 | £633k | £549k |
| 31/03/2022 | £504k | £480k |
| 31/03/2021 | £315k | £305k |
Common questions
Is DARBAR ARTS CULTURE AND HERITAGE TRUST financially healthy?
The accounts state that total income increased to £1,298,133, resulting in a net income of £187,153 and unrestricted reserves of £565,301. The trustees maintain a reserves policy of approximately £80,000, which is well below the actual unrestricted reserves held. The auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding going concern. Its FY2025 accounts were audited by The Corporate Practice Limited.