COUNTY HALL ARTS
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £1,262,490 for the year ended 31 December 2024, with total unrestricted funds of £53,761,807. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, supported by significant cash deposits and unrestricted fund balances.
What the accounts disclose
“A prudent estimation of reserve cover, to allow the charity to fulfil its charitable objectives, is estimated to be the equivalent of approximately three years rental income. The reserves are maintained to allow the charity to take advantage of project opportunities and to continue to operate at its forecasted expenditure level for a period of three years, should a substantial fall in income occur.” — page 8
“County Hall Arts, as a CIO, operates commercial activities through its trading subsidiaries which directly support the charitable activities. County Hall Arts provides funding to Zen Europa Arts Ltd to produce creative content and provide distribution services and County Hall Pottery Ltd to operate a ceramic art gallery and school.” — page 7
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Inaki Solaguren-Beascoa Martinez
- KENZO OKAMOTO
- Masakazu Okamoto
- Mikako Takaori
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £8.8m | £7.5m |
| 31/12/2023 | £10.7m | £7.9m |
| 31/12/2022 | £7.9m | £3.2m |
| 31/12/2021 | £8.2m | £1.9m |
| 31/12/2020 | £21.2m | £582k |
Common questions
Is COUNTY HALL ARTS financially healthy?
The accounts state that the charity reported a surplus of £1,262,490 for the year ended 31 December 2024, with total unrestricted funds of £53,761,807. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, supported by significant cash deposits and unrestricted fund balances. Its FY2024 accounts were audited by Johnsons Chartered Accountant.