CULTURE COVENTRY
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves were £1,210,000, which is significantly below the Trustees' stated policy target of growing free reserves to £1,500,000. The charity reported a net deficit of £1,437,000 for the year, primarily driven by a large actuarial gain on its defined benefit pension scheme, while total funds stood at £4,752,000. The Trustees consider the charity has sufficient funds to meet its objectives, supported by confirmed funding commitments from Coventry City Council and Arts Council England.
What the accounts disclose
“The Charity holds 100% of the ordinary equity share capital of Culture Coventry Ventures Limited” — page 24
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (26/08/2015)
- Received assets from another charity (26/08/2015)
Trustees
- Emmanuel Stephane Coulonchair
- Dr Nor Aziz
- Joseph Warden Elliott
- KEITH RAILTON
- ROGER TERRENCE ARTHUR MEDWELL
- Richard Shaw
- Wendy Parry
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.7m | £4.7m |
| 31/03/2024 | £4.1m | £5.5m |
| 31/03/2023 | £3.7m | £5.2m |
| 31/03/2022 | £7.3m | £5.5m |
| 31/03/2021 | £4.8m | £4.2m |
Common questions
Is CULTURE COVENTRY financially healthy?
The accounts state that unrestricted reserves were £1,210,000, which is significantly below the Trustees' stated policy target of growing free reserves to £1,500,000. The charity reported a net deficit of £1,437,000 for the year, primarily driven by a large actuarial gain on its defined benefit pension scheme, while total funds stood at £4,752,000. The Trustees consider the charity has sufficient funds to meet its objectives, supported by confirmed funding commitments from Coventry City Council and Arts Council England. Its FY2023 accounts were audited by Daffems LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 05/12/2024 | £131k | "Stories That Made Us: Roots, Resilience, Representation" |
| The National Lottery Heritage Fund | 14/05/2018 | £47k | "Play!" |
| The National Lottery Heritage Fund | 18/09/2017 | £24k | "Crafts from the Punjab" |
| The National Lottery Heritage Fund | 30/08/2017 | £10k | "Lest we forget" |
| The National Lottery Heritage Fund | 27/03/2017 | £10k | "Melody Makers" |
| The National Lottery Heritage Fund | 23/01/2015 | £36k | "The Story of Children's Television From 1946 to Today" |
| The National Lottery Heritage Fund | 22/10/2012 | £10k | "Rootes War Effort - Coventry" |
| The National Lottery Heritage Fund | 27/03/2012 | £5.0m | "International Transport Museum" |
| The National Lottery Heritage Fund | 24/10/2011 | £34k | "Football Exhibition 2012" |