VILLA LENA FOUNDATION
The Foundation's current principal activity is dedicated to supporting international contemporary artists working not only in art, but also in music, film and other creative disciplines, predominantly through providing artist residency program in Tuscany, Italy near small town Palaia on the grounds of Villa Lena estate. Selected artists are offered between one and two months stay.
Objects
THE OBJECTS OF THE CHARITY ARE SUCH EXCLUSIVELY CHARITABLE PURPOSES AS THE TRUSTEES MAY IN THEIR ABSOLUTE DISCRETION DETERMINE
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £(34,021), indicating a net deficit position. The trustees report that incidental expenses are borne by them without recharge and that the charity received advances from a related company, Apartment 15 Limited. The independent examiner confirmed that the accounts comply with applicable requirements and no matters were identified that would cause concern regarding the preparation of the financial statements.
What the accounts disclose
“The Foundation also received advances from Apartment 15 Limited, a company in which two of the Trustees' are directors.”
Policies the charity declares
- Bullying and harassment 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
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Funders the charity credits
- ARTISTS at RISK
Trustees
- ANILKUMAR DAVE
- ELENA EVSTAFYEVA
- JEROME MICHAEL HADEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £30k | £30k |
| 31/12/2023 | £21k | £21k |
| 31/12/2022 | £22k | £17k |
| 31/12/2021 | £3k | £4k |
| 31/12/2020 | £9k | £5k |
Common questions
Is VILLA LENA FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £(34,021), indicating a net deficit position. The trustees report that incidental expenses are borne by them without recharge and that the charity received advances from a related company, Apartment 15 Limited. The independent examiner confirmed that the accounts comply with applicable requirements and no matters were identified that would cause concern regarding the preparation of the financial statements. Its FY2024 accounts were independently examined.