MINERVA (NORTHUMBERLAND) LIMITED
?Our Mission is to help those with different learning abilities to realise their full potential as individuals by providing craft, design, & general art training.We aspire to develop individual strengths and build on self-esteem and self confidence through the courses and practical work experience we offer.?
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £12,113 for the year, with total income increasing by 57% to £57,771, largely driven by grants and donations. Unrestricted reserves increased significantly to £14,765, exceeding the trustees' policy target of two months' running costs, although the charity noted that shop sales had fallen due to partial closure of its premises. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“We aim to build and retain unrestricted reserves equivalent to two months running costs in order to be able to cover unplanned emergency repairs and other expenditures.” — page 5
Trustees
- Agnieszka Rudnik
- FRANK CELINO
- JAMES MAUGHAN-MILLIGAN
- Martin Stuart Brunskill
- Stine Jaer Steward
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2025 | £58k | £46k |
| 30/11/2024 | £37k | £47k |
| 30/11/2023 | £58k | £59k |
| 30/11/2022 | £41k | £44k |
| 30/11/2021 | £38k | £36k |
Common questions
Is MINERVA (NORTHUMBERLAND) LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus of £12,113 for the year, with total income increasing by 57% to £57,771, largely driven by grants and donations. Unrestricted reserves increased significantly to £14,765, exceeding the trustees' policy target of two months' running costs, although the charity noted that shop sales had fallen due to partial closure of its premises. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 21/09/2022 | £104k | Minerva Shop Enterprise |
| The National Lottery Community Fund | 09/08/2018 | £10k | Minerva Screen Print |
| Northern Rock Foundation | 08/05/2012 | £3k | Grant awarded to Minerva (Northumberland) Limited (Northumberland) |