ART GENE LIMITED
The charity's objects are, for public benefit, to advance the education in Arts in Barrow in Furness, and also nationally and internationally. through the establishment of a facility to encourage artist led initiatives; particularly the production and exhibition of new work. The policies adopted in furtherance of these objects are to implement a programme of local art and design focussed workshops
Financial health, per its FY2025 accounts
The accounts state that total income decreased by 15.3% to £403,819, while expenditure decreased slightly by 1% to £358,833, resulting in a surplus of £44,986. The charity holds unrestricted reserves of £154,961, which the trustees consider sufficient to meet their policy target of three months' expenditure plus a building contingency. The trustees confirm adequate resources for going concern, noting that uncertainties regarding service charges are being managed.
What the accounts disclose
“The largest strand contributing to total incoming resources was the Arts Council England Core grant at £239,957 which was unrestricted income.” — page 8
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to approximately three month’s expenditure (other than fundraising and project costs), with an additional £15,000 as a building maintenance or development contingency.” — page 8
Trustees
- Asif Ud Din
- Catheryne Davis
- Dr David Hirsh Haley
- Elaine Speight
- Hannah Brackston
- Harpreet Kaur
- Jonathan Powell
- Mike Stanton
- Nancy McKinnell
- Stephen Sandford
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £404k | £359k |
| 31/03/2024 | £476k | £360k |
| 31/03/2023 | £327k | £408k |
| 31/03/2022 | £299k | £233k |
| 31/03/2021 | £202k | £216k |
Common questions
Is ART GENE LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that total income decreased by 15.3% to £403,819, while expenditure decreased slightly by 1% to £358,833, resulting in a surplus of £44,986. The charity holds unrestricted reserves of £154,961, which the trustees consider sufficient to meet their policy target of three months' expenditure plus a building contingency. The trustees confirm adequate resources for going concern, noting that uncertainties regarding service charges are being managed. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 18/12/2019 | £10k | "Walney Meetings" |
| The National Lottery Heritage Fund | 07/02/2018 | £3k | "PILOTNW The Barrow Beat: Popular music in Furness in the 1960s" |
| The National Lottery Heritage Fund | 04/01/2018 | £3k | "PILOTNW Mill Lane Loaf" |
| The National Lottery Heritage Fund | 30/01/2014 | £97k | "Fort Walney Uncovered: 1911-1945" |
| The National Lottery Community Fund | 21/10/2010 | £10k | Arts and Young People In Furness |