SPACE ART
To support the advancement of contemporary art, especially where practitioners are from communities under-represented in the field, or who are otherwise disadvantaged, by curating, organising and funding exhibitions (or other modes of projects) of contemporary art or related cultural activities.Further, to make grants to third parties undertaking activities which meet the charity's aims.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £85,825 against income of £35,195, resulting in a significant decrease in unrestricted funds from £128,453 to £42,628. Per the trustees' report, free reserves of £39,497 are held against a policy target of three months of operating overheads, and the trustees maintain a reasonable expectation of adequate resources for the foreseeable future.
What the accounts disclose
“The charity aims to retain reserves to meet 3 months of operating overheads and also funds to support ongoing exhibition and grant making activities.”
“The charity received a £29,037 grant for general use from The David Family Foundation for whom Jonathan David is also a trustee. (2024: ENil)” — page 17
“Including in other loans, £15,000 is owed to Space Modules Ltd for whom Jonathan David and Rachael House are also directors. (2024: £Nil)” — page 17
“The charity received a £29,037 grant for general use from The David Family Foundation for whom Jonathan David is also a trustee. (2024: ENil)” — page 17
“Including in other loans, £15,000 is owed to Space Modules Ltd for whom Jonathan David and Rachael House are also directors. (2024: £Nil)” — page 17
Trustees
- JONATHAN ROY HILL DAVIDchair
- Paul Sandom
- Rachael Laura House
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £35k | £121k |
| 30/09/2024 | £3k | £133k |
| 30/09/2023 | £167k | £163k |
| 30/09/2022 | £156k | £73k |
| 30/09/2021 | £194k | £50k |
Common questions
Is SPACE ART financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £85,825 against income of £35,195, resulting in a significant decrease in unrestricted funds from £128,453 to £42,628. Per the trustees' report, free reserves of £39,497 are held against a policy target of three months of operating overheads, and the trustees maintain a reasonable expectation of adequate resources for the foreseeable future. Its FY2025 accounts were independently examined.
Who funds SPACE ART?
Funders whose own accounts filings name SPACE ART as a grant recipient include THE DIXIE ROSE FINDLAY CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE DIXIE ROSE FINDLAY CHARITABLE TRUST | FY2024 | £3k |