ART360 FOUNDATION
Art360 Foundation promotes visual arts for the public benefit by making grants, organising events, and through public participation in education, exhibitions, publications and research opportunities. Art360 Foundation is dedicated to the physical and intellectual preservation of the UK's cultural heritage, making artists' works and archives accessible.
Objects
1) TO PROMOTE THE VISUAL ARTS FOR THE PUBLIC BENEFIT BY THE ESTABLISHMENT AND MAINTENANCE OF AN ONLINE RESOURCE IN THE FORM OF A DIGITAL ARCHIVE OF WORK OF ARTISTIC MERIT IN ORDER TO IMPROVE AND PROMOTE THE PUBLIC’S APPRECIATION OF AND ACCESS TO THE VISUAL ARTS AND BY THE PROVISION OF EXHIBITIONS, WORKSHOPS AND EVENTS DESIGNED TO ADVANCE THE PUBLIC’S UNDERSTANDING AND APPRECIATION OF AND ACCESS TO THE VISUAL ARTS.2) TO RELIEVE FINANCIAL HARDSHIP AMONG ARTISTS LIVING OR WORKING IN THE UNITED KINGDOM BY MAKING GRANTS OF MONEY FOR PROVIDING OR PAYING FOR ITEMS, SERVICES OR FACILITIES.
Financial health, per its FY2024 accounts
The accounts state that the charity has determined it cannot continue in operation for more than a year and has not prepared the accounts on a going concern basis. The charity reported a net expenditure of £14,578 for the year, with total funds decreasing from £122,706 to £108,128. The trustees noted a challenging external environment regarding fundraising as a key factor in this determination.
What the accounts disclose
“During 2024 the Foundation’s total income was £29,192 of which £27,562 was a donation in kind from DACS” — page 6
“Due to the financial status of the Foundation and the challenging external environment in relation to raising funds, the Trustees have determined that the Foundation will not be able to continue in operation for more than a year” — page 6
“Due to the financial status of the Foundation and the challenging external environment in relation to raising funds, the Trustees have determined that the Foundation will not be able to continue in operation for more than a year and consequently these accounts have not been prepared on the going concern basis” — page 6
“The Foundation has the use of DACS's premises and a range of associated services. This has been funded by DACS to the value of £27,562 (2023 - £61,653). There have been no related party transactions.” — page 16
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
- Trustee conflicts of interest policy and procedures
Trustees
- KEIR MCGUINNESSchair
- Brendan Finucane
- Cortina Maxine Ann Cotterell Butler
- David Batchelor
- HERMAN LELIE
- Jonathan Gosling
- MARK HOWARD STEPHENS
- Melanie Ruth Clare Gerlis
- RENE PATRICK GIMPEL
- Sarah Mackenzie
- Sarah Rose English
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £28k | £42k |
| 31/12/2023 | £141k | £146k |
| 31/12/2022 | £166k | £196k |
| 31/12/2021 | £170k | £105k |
| 31/12/2020 | £103k | £95k |
Common questions
Is ART360 FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity has determined it cannot continue in operation for more than a year and has not prepared the accounts on a going concern basis. The charity reported a net expenditure of £14,578 for the year, with total funds decreasing from £122,706 to £108,128. The trustees noted a challenging external environment regarding fundraising as a key factor in this determination. Its FY2024 accounts were independently examined.