RIFCO ARTS
Rifco Arts produces vibrant, accessible, high quality theatre which reflects and celebrates the contemporary British Asian experience; with a focus on enticing and engaging new audiences. We tour entertaining and thought provoking theatre locally and nationally, develop exciting projects within the local community, and explore the synergy between British Asians and their culture and heritage.
Objects
The objects for which the Company is established are:-To advance education for the public benefit by the promotion of the arts, in particular but not exclusively the art of drama
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds decreased from £242,180 to £100,484 during the period, resulting in a net expenditure of £141,696. The trustees report that the organisation has secured guaranteed funding from Arts Council England until 2028, providing added security for future planning.
What the accounts disclose
“the Board has set the reserves target at £130,000, equivalent to four months of core operating costs.” — page 7
“Rifco Productions Itd is wholly owned subsidiary. The intercompany balance owed by Rifco Productions Itd at the period end was £94,607.” — page 18
“Pravesh Kumar, Artistic Director and Chief Executive Officer, received £7,219 in royalties for his work as a writer on Frankie Goes to Bollywood.” — page 18
“Rifco Productions Itd is wholly owned subsidiary. The intercompany balance owed by Rifco Productions Itd at the period end was £94,607.” — page 18
“Pravesh Kumar, Artistic Director and Chief Executive Officer, received £7,219 in royalties for his work as a writer on Frankie Goes to Bollywood.” — page 18
“Rifco Productions Itd is wholly owned subsidiary. The intercompany balance owed by Rifco Productions Itd at the period end was £94,607.” — page 18
“Pravesh Kumar, Artistic Director and Chief Executive Officer, received £7,219 in royalties for his work as a writer on Frankie Goes to Bollywood.” — page 18
“The charitable company holds 100% of the 100 issued ordinary £1 share capital of Rifco Production Ltd” — page 19
Year-over-year changes
- Employees paid over £60,000: 1 (FY2024) → 0 (FY2025).
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 3
- Government income: £492,083 — grants £492,083 (2); 22% of the £2,259,089 total gross income on the same return
- Employees paid over £60,000: 1 (£80,001–£90,000: 1)
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 5
- Government income: £473,391 — grants £473,391 (1); 62% of the £759,966 total gross income on the same return
- Employees paid over £60,000: 1 (£60,001–£70,000: 1)
Self-declared on the annual return for the financial year ending 31/03/2023
- Government income: £331,391 — grants £331,391 (1); 74% of the £450,590 total gross income on the same return
- Employees paid over £60,000: 1 (£60,001–£70,000: 1)
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 1 was received after the due date: year ending 31/03/2024 (received 11/02/2025, 11 days after the 31/01/2025 due date).
Leadership, per the charity’s website
- Pravesh Kumar — Artistic Director
Funders the charity credits
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Aniruddha Dinanath Kaprekar
- Karun Soni
- Neena Shea Mohammed
- Ravleen Beeston
- Sivaganan Kanagathurai
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.3m | £2.5m |
| 31/03/2024 | £760k | £737k |
| 31/03/2023 | £451k | £577k |
| 31/03/2022 | £433k | £332k |
| 31/03/2021 | £410k | £255k |
Common questions
Is RIFCO ARTS financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds decreased from £242,180 to £100,484 during the period, resulting in a net expenditure of £141,696. The trustees report that the organisation has secured guaranteed funding from Arts Council England until 2028, providing added security for future planning. Its FY2025 accounts were independently examined.
Who funds RIFCO ARTS?
Funders whose own accounts filings name RIFCO ARTS as a grant recipient include THE FENTON ARTS TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE FENTON ARTS TRUST | FY2021 | £7k | |
| THE FENTON ARTS TRUST | FY2022 | £3k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 13/10/2022 | £473k | National Portfolio Organisations |
| UK government | 13/10/2022 | £473k | National Portfolio Organisations |
| The National Lottery Heritage Fund | 23/01/2020 | £10k | "GenerAsians" |
| The National Lottery Heritage Fund | 23/10/2006 | £35k | "Celebrating Asian Elders" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HARPUR TRUST | 1 | £94k |
| CHARITY OF SIR RICHARD WHITTINGTON | 1 | £80k |
| THE JOHN BOOTH CHARITABLE FOUNDATION | 1 | £45k |
| THE PONTOON TRUST | 1 | £40k |
| THE NATIONAL FOUNDATION FOR YOUTH MUSIC | 1 | £26k |
| MRS B L ROBINSON'S CHARITABLE TRUST | 1 | £19k |
| The Ashley Family Foundation | 1 | £11k |
| THE RAYNE FOUNDATION | 1 | £10k |
Charities like this
- BEDFORD CREATIVE ARTS LIMITED
- SKIPPKO ARTS TEAM
- ART ASIA TRUST LIMITED
- IROKO THEATRE COMPANY
- CREATIVE FUTURES (UK) LIMITED
- THE ARTS FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RIFCO ARTS | £2.3m | — | 0 | unclear | — | no doubt |
| BEDFORD CREATIVE ARTS LIMITED | £322k | — | 0 | above | — | no doubt |
| SKIPPKO ARTS TEAM | £325k | — | 0 | unclear | — | no doubt |
| ART ASIA TRUST LIMITED | £277k | — | 0 | unclear | — | no doubt |
| IROKO THEATRE COMPANY | £123k | — | 0 | below | — | no doubt |
| CREATIVE FUTURES (UK) LIMITED | £411k | — | 0 | above | — | no doubt |