NOTTINGHAM STUDIOS LTD
Primary is an artist-led space that exists to support creative research and to develop new ways of engaging audiences. Offering dedicated artists studios alongside more flexible spaces, both within and outside the building, where artists from around the world can meet and work in the heart of Nottingham.
Objects
THE-COMPANY'S OBJECTS (THE 'OBJECTS') ARE TO PROMOTE, MAINTAIN, IMPROVE AND ADVANCE EDUCATION BY THE ENCOURAGEMENT OF CONTEMPORARY VISUAL ARTS (INCLUDING, WITHOUT LIMITATION, VISUAL ARTS, PUBLIC ART, ART IN THE PUBLIC REALM, DIGITAL ARTS, PHOTOGRAPHY, LIVE ART, SONIC ART, VIDEO ART AND ANY OTHER ART FORM OR STYLE
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £98,955 for the year, resulting in a decrease in total net assets from £812,970 to £714,015. Per the trustees' report, the organisation maintains free reserves of £21,505 and designated reserves of £45,000, which they describe as enabling the mitigation of risks such as unforeseen expenditure or loss of income.
What the accounts disclose
“It is the policy of Nottingham Studios to maintain funds at an adequate level to protect the continuity of our core work, allow time for financial planning and facilitate efficient running of the charity. To meet this objective, the Board of Trustees have set aside designated reserves of £45,000 (as agreed for the year 2024/25). In addition, our free reserves (unrestricted, undesignated funds not held in fixed assets or investments) were £21,505 at the end of 2024/25.” — page 11
“Christine Stevens rented studio space at £6,069 (2024: £1,856) for the year.” — page 27
“William Harvey rented studio space at £543 (2024:£518) for the year.” — page 27
“Christine Stevens rented studio space at £6,069 (2024: £1,856) for the year.” — page 27
“William Harvey rented studio space at £543 (2024:£518) for the year.” — page 27
“Christine Stevens rented studio space at £6,069 (2024: £1,856) for the year.” — page 27
“William Harvey rented studio space at £543 (2024:£518) for the year.” — page 27
“Christine Stevens rented studio space at £6,069 (2024: £1,856) for the year.” — page 27
“William Harvey rented studio space at £543 (2024:£518) for the year.” — page 27
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- 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
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2022)
Trustees
- Rebecca Jane Blackwoodchair
- Dr Christine Anne Stevens
- Dr David Watt
- Emma Smith
- Iain Alexander Cockhill
- Jeremy Webster
- Kathryn Lockhart
- Macauley Collins
- Michael James Marsden
- Rose Hermon
- William Harvey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £282k | £381k |
| 31/03/2024 | £358k | £380k |
| 31/03/2023 | £381k | £313k |
| 31/03/2022 | £565k | £267k |
| 31/03/2021 | £596k | £219k |
Common questions
Is NOTTINGHAM STUDIOS LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £98,955 for the year, resulting in a decrease in total net assets from £812,970 to £714,015. Per the trustees' report, the organisation maintains free reserves of £21,505 and designated reserves of £45,000, which they describe as enabling the mitigation of risks such as unforeseen expenditure or loss of income. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 15/07/2024 | £20k | Community Takeover Programme |
| UK government | 13/10/2022 | £66k | National Portfolio Organisations |
| UK government | 13/10/2022 | £66k | National Portfolio Organisations |
| UK government | 13/12/2021 | £66k | National Portfolio Organisations |
| The National Lottery Community Fund | 12/06/2018 | £10k | Grow Me a Colour |