ART MONTHLY FOUNDATION
The objects of the CIO are to improve the appreciation and understanding of contemporary art through a direct critical engagement with new and challenging art and the context in which it is made and viewed.
Financial health, per its FY2025 accounts
The accounts state that the charity's unrestricted funds are in a deficit of £43,072, primarily due to accounting adjustments for income received in advance. The trustees consider the results satisfactory and remain satisfied that the charity is financially viable, citing confirmed Arts Council England funding through March 2027. The charity's policy is to hold three months of operating expenses in reserve, with plans to build reserves up to that level over the coming years.
What the accounts disclose
“It is the charity’s policy to hold three month’s operating expenses in reserve”
“Total donations and donated services, including gift aid, given by the Trustees and related parties during the year amounted to £6,250 (2024: £8,700). The donations and donated services were given without any conditions attached to them.” — page 17
Trustees
- GILL HEDLEY
- Martin Fryer
- Oscar Andres Calcedo Murillo
- PETER WILLIAM HENRY LYDIATE
- TERESA SHEILA ROSE GLEADOWE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £202k | £203k |
| 31/03/2024 | £207k | £213k |
| 31/03/2023 | £208k | £212k |
| 31/03/2022 | £202k | £210k |
| 31/03/2021 | £236k | £204k |
Common questions
Is ART MONTHLY FOUNDATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity's unrestricted funds are in a deficit of £43,072, primarily due to accounting adjustments for income received in advance. The trustees consider the results satisfactory and remain satisfied that the charity is financially viable, citing confirmed Arts Council England funding through March 2027. The charity's policy is to hold three months of operating expenses in reserve, with plans to build reserves up to that level over the coming years. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 13/12/2021 | £41k | National Portfolio Organisations |