ACEARTS Limited
ACEarts (Art Community Education) "Making a difference by enhancing lives through art". In the gallery in Somerton, Somerset we showcase art and craft work from mainly local artists. We host changing exhibitions, provide education / workshops for adults and children and provide an outreach programme aimed at improving wellbeing in community settings.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £10,899 for the year, resulting in a reduction of unrestricted funds from £14,936 to £4,037. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. However, the business plan explicitly notes that the charity remains dependent upon external funding to cover core costs and achieve financial stability.
What the accounts disclose
“ACEarts aims to retain a minimum of 3 months’ costs as a safeguard against emergencies.” — page 13
Trustees
- Andrew Frank Palmer
- Andrew James ELFICK
- Deborah Lynn Minter
- Helen Chaloner
- Lynne Sandbach
- Rhiannon Cross
- Sandra Meech
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £185k | £195k |
| 31/03/2024 | £155k | £150k |
| 31/03/2023 | £147k | £173k |
| 31/03/2022 | £182k | £183k |
| 31/03/2021 | £152k | £129k |
Common questions
Is ACEARTS Limited financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £10,899 for the year, resulting in a reduction of unrestricted funds from £14,936 to £4,037. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. However, the business plan explicitly notes that the charity remains dependent upon external funding to cover core costs and achieve financial stability. Its FY2025 accounts were independently examined.
Who funds ACEARTS Limited?
Funders whose own accounts filings name ACEARTS Limited as a grant recipient include SOMERSET COMMUNITY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| SOMERSET COMMUNITY FOUNDATION | FY2023 | £4k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Somerset Community Foundation | 09/07/2026 | £5k | Art Care Education (ACEarts) |
| Somerset Community Foundation | 24/08/2022 | £300 | Pottery classes for older isolated people in Somerton |
| Somerset Community Foundation | 28/09/2020 | £3k | COVID19 Therapeutic arts activities for vulnerable people in Somerton |
| The National Lottery Community Fund | 03/03/2020 | £2k | Putting on a show |
| The National Lottery Community Fund | 23/01/2020 | £1k | Lunatraktors Workshop and Performance |
| Somerset Community Foundation | 26/03/2019 | £3k | Woodland Works for Well-being |
| The National Lottery Community Fund | 22/03/2019 | £1k | The Suitcase Library |
| Somerset Community Foundation | 08/03/2018 | £1k | Intergenerational Arts & Education project |