ARTSITE LIMITED
The provision of affordable artist's studios. Educational, workshop and cultural development. Artist's hub, exhibitions and creative learning.
Financial health, per its FY2024 accounts
The accounts state that total funds increased to £58,250, driven by a significant rise in other trading activities income. However, the unrestricted general fund decreased by £6,432 due to higher charitable expenditure than incoming resources in that specific fund. The trustees' reserves policy aims for three months of core activity costs, and the current unrestricted balance of £5,205 is below this implied target.
What the accounts disclose
“The trustees' medium-term aim is to build up unrestricted reserves to a level sufficient to continue core activities for at least three months, which would also provide for costs incurred in the event of closure.” — page 3
Trustees
- WILLIAM ROBERT COCKSchair
- Delia Carter
- LINDA KASMATY
- Paula Sullivan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/12/2024 | £77k | £53k |
| 30/12/2023 | £94k | £77k |
| 30/12/2022 | £66k | £55k |
| 30/12/2021 | £17k | £20k |
| 30/12/2020 | £21k | £16k |
Common questions
Is ARTSITE LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that total funds increased to £58,250, driven by a significant rise in other trading activities income. However, the unrestricted general fund decreased by £6,432 due to higher charitable expenditure than incoming resources in that specific fund. The trustees' reserves policy aims for three months of core activity costs, and the current unrestricted balance of £5,205 is below this implied target. Its FY2024 accounts were independently examined.