CHAPEL ARTS STUDIOS
Chapel Arts Studios are a contemporary art organisation based in Hampshire. They offer artist residencies, art events, education in and outside of schools, the touring art bus, workshops, talks and pop up galleries, to introduce or explore contemporary art within the community.
Financial health, per its FY2025 accounts
The accounts state that total funds decreased slightly from £145,714 to £144,702, driven by a net expenditure of £1,012 against income of £187,048. Unrestricted reserves stood at £134,055, which the trustees note is sufficient to sustain the organisation for at least the next twelve months. The charity remains heavily reliant on grant funding, with 98% of income coming from grants, primarily Arts Council England.
What the accounts disclose
“CAS, with its trustees, have established a reserves policy of building sufficient reserves to sustain the organisation for at least the next twelve months.” — page 21
Property (HM Land Registry)
Trustees
- Kay Maychair
- Craig Andrew WADMAN
- DAVID NICHOLAS ALWYNE DREW
- Dr Ronda Gowland-Pryde
- Elizabeth Clare Johnston
- Jonathan Adams
- Tony Spencer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £187k | £188k |
| 31/03/2024 | £177k | £188k |
| 31/03/2023 | £212k | £184k |
| 31/03/2022 | £165k | £163k |
| 31/03/2021 | £154k | £120k |
Common questions
Is CHAPEL ARTS STUDIOS financially healthy?
Per its FY2025 accounts: The accounts state that total funds decreased slightly from £145,714 to £144,702, driven by a net expenditure of £1,012 against income of £187,048. Unrestricted reserves stood at £134,055, which the trustees note is sufficient to sustain the organisation for at least the next twelve months. The charity remains heavily reliant on grant funding, with 98% of income coming from grants, primarily Arts Council England. Its FY2025 accounts were independently examined.