NOTTINGHAM STUDIOS LTD

Registered charity 1132064 · accounts filings on the Charity Commission register

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

Area of benefit: UNDEFINED. IN PRACTICE, LOCAL

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Arts/culture/heritage/science · website · Get email alerts

Latest income
£282k
Latest spending
£381k
Registered
2009
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £22k; policy: adequate level to protect the continuity of our core work, allow time for financial planning and facilitate efficient running of the charity)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Studio rental paid by trustee Christine Stevens
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Studio rental paid by trustee William Harvey
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Studio rental paid by former trustee Michael Forbes
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Studio rental paid by former trustee Frank Abbott
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £275k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2022)

Total income
£565k
Total spending
£267k
Reserves (reported)
£40k
Employees
7

Reported reserves equal ~1.8 months of spending — in the bottom quarter for charities its size (median 7.1 months; benchmarks).

Per its annual return, largest income source: Charitable activities (80% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (3.0%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Nottingham City

Income and spending

Financial year endIncomeSpending
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

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund15/07/2024£20kCommunity Takeover Programme
UK government13/10/2022£66kNational Portfolio Organisations
UK government13/10/2022£66kNational Portfolio Organisations
UK government13/12/2021£66kNational Portfolio Organisations
The National Lottery Community Fund12/06/2018£10kGrow Me a Colour