ART360 FOUNDATION

Registered charity 1163625 · accounts filings on the Charity Commission register · also known as DACS 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.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · The Prevention Or Relief Of Poverty · Arts/culture/heritage/science · website · Get email alerts

Latest income
£28k
Latest spending
£42k
Registered
2015
Accounts read
FY2024

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.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Donations and legacies (95% of income)
“During 2024 the Foundation’s total income was £29,192 of which £27,562 was a donation in kind from DACS” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £41k)
“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
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: accounts NOT prepared on a going-concern basis (closing, merging or winding up)
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: 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).
“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
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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.