ABSOLUTELY CULTURED LIMITED
Absolutely Cultured is an arts organisation delivering a visual arts programme & curating of exhibitions, performance & events. With a strong public engagement programme having a positive impact on the city and a talent development & learning programme which gives access to cultural education & career opportunities in the arts.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred an actual deficit of £237,726 for the year ended March 2025, which included £140,000 in transition costs related to staffing restructuring and potential relocation. The trustees committed to underwriting a funding deficit of up to £344,142 to match fund applications from the charity's reserves.
What the accounts disclose
“The trusteed agreed to underwrite a dunding deficit of up to £344,142 in the financial year to March 2025. This deficit included £140,000 of transition costs as the charity restructures the staffing team and potentially relcoated to new premises to reduce and address ongoing operating costs. Actual deficit achieved in the year was £237,726. This represents the trustees' commitment to match fund applications for funding from the charity's reserves.” — page 25
Structured financials (annual return, FY ending 31/03/2023)
Trustees
- Qaisar Mahmoodchair
- Andrew Scott Falconer
- April Samantha Daniel
- Beverley McNaughton
- Councillor Robert James Louis Pritchard
- Kate Genever
- Kerry Smith
- Richard Lewis
- Tracey Henry
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £389k | £627k |
| 31/03/2024 | £488k | £785k |
| 31/03/2023 | £549k | £995k |
| 31/03/2022 | £911k | £1.2m |
| 31/03/2021 | £777k | £944k |
Common questions
Is ABSOLUTELY CULTURED LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred an actual deficit of £237,726 for the year ended March 2025, which included £140,000 in transition costs related to staffing restructuring and potential relocation. The trustees committed to underwriting a funding deficit of up to £344,142 to match fund applications from the charity's reserves.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 13/10/2022 | £200k | National Portfolio Organisations |
| UK government | 13/10/2022 | £200k | National Portfolio Organisations |
| The National Lottery Heritage Fund | 19/01/2022 | £60k | "Heritage in deprived neighbourhoods of Hull" |
| The National Lottery Heritage Fund | 17/04/2019 | £100k | "The Witching Hour - using performance to bring the heritage & folklore of park communities to life" |
| The National Lottery Heritage Fund | 17/12/2018 | £98k | "Sustaining and Building on our Heritage Investment" |
| The National Lottery Heritage Fund | 22/03/2016 | £3.0m | "Hull UK City of Culture 2017 Cultural Programme" |