THE BOMB FACTORY ART FOUNDATION
Offering affordable art studios. Providing a supportive environment for our artists. Creating a new London art destination for the local and wider communities.Participation in contemporary visual art through workshop, education and community projects. We act as an educational resource for local schools, colleges and institutions as well as the wider communities.
Objects
THE OBJECTS OF THE CHARITY ARE, FOR THE BENEFIT OF THE PUBLIC:1. TO ADVANCE EDUCATION PARTICULARLY (BUT NOT EXCLUSIVELY) IN RELATION TO ART; AND2. TO ADVANCE THE ARTS AND CULTURE, PARTICULARLY (BUT NOT EXCLUSIVELY) BY PROMOTING AND FACILITATING ACCESS TO ART EXHIBITIONS, WORKSHOPS AND OTHER ART SESSIONS.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net surplus of £163,871 for the year ended 31 March 2025, with total unrestricted reserves increasing to £558,972. The trustees consider the reserves level of £558,972 to be appropriate against a policy target of eight to ten months of expenditure, noting that the charity has reached its goal in reserves. The financial review indicates the business model remains strong and flexible, supported by reliable rental income from artist studios.
What the accounts disclose
“During the 2024/25 financial year 94% of total revenue came from Bomb Factory charitable activities including rental income, space rental and leaseholders’ contributions.” — page 20
“the Directors consider that the most appropriate level of free reserves is between eight to ten months expenditure”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- 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
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- DEA VANAGAN
- Francesca Barra
- Francesca Filippini Pinto
- Fraser Gawaine Munro Jopp
- MARK HUDSON
- Megan Alexandra O'Shea
- Rakesh Dattani
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £658k | £494k |
| 31/03/2024 | £569k | £389k |
| 31/03/2023 | £381k | £288k |
| 31/03/2022 | £246k | £159k |
| 31/03/2021 | £104k | £86k |
Common questions
Is THE BOMB FACTORY ART FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a net surplus of £163,871 for the year ended 31 March 2025, with total unrestricted reserves increasing to £558,972. The trustees consider the reserves level of £558,972 to be appropriate against a policy target of eight to ten months of expenditure, noting that the charity has reached its goal in reserves. The financial review indicates the business model remains strong and flexible, supported by reliable rental income from artist studios. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AUSTIN AND HOPE PILKINGTON TRUST | 2 | £2k |
| THE VEOLIA ENVIRONMENTAL TRUST | 1 | £56k |
| THE NISBET TRUST | 1 | £50k |
| JOHN LYON'S CHARITY | 1 | £25k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 1 | £25k |
| THE YOUNG BARNET FOUNDATION | 1 | £22k |
| THE CHILDHOOD TRUST | 1 | £13k |
| THE ELIZABETH FRANKLAND MOORE AND STAR FOUNDATION | 1 | £11k |
Charities like this
- FABRICA
- THE HABBIT FACTORY
- ART SERVICES GRANTS LIMITED
- SAXMUNDHAM ART STATION
- ART GENE LIMITED
- TOBACCO FACTORY ARTS TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE BOMB FACTORY ART FOUNDATION | £658k | — | 0 | unclear | — | no doubt |
| FABRICA | £406k | — | 0 | unclear | — | no doubt |
| THE HABBIT FACTORY | £191k | — | 0 | below | — | noted |
| ART SERVICES GRANTS LIMITED | £5.9m | Over £60,000 | 1 | above | — | no doubt |
| SAXMUNDHAM ART STATION | £248k | — | 0 | below | — | no doubt |
| ART GENE LIMITED | £404k | — | 0 | above | — | no doubt |