GREEN SHOES ARTS CIO
Green Shoes Arts delivers high quality arts projects for the community of Barking & Dagenham, enabling people of all ages and backgrounds to access and engage with creative and artistic activities. Our primary aim is to benefit the physical and mental well-being of our participants. We believe that artistic and creative activity provides huge benefits to wellbeing and personal development.
Financial health, per its FY2025 accounts
The accounts state that the charity is winding up its affairs and has been prepared on a break-up basis rather than a going concern basis due to insufficient secured future income. Per the trustees' report, unrestricted reserves of £40,165 were held at year-end, which the trustees considered to be in line with their stated reserves policy target of £33,000.
What the accounts disclose
“The Trustees have set a target reserve level with a minimum target of three months’ expenditure and an additional three months’ salary for the Artistic Director to be used to secure funds to continue the operation of the charity should the charity be near insolvency, or to be used should the charity be required to wind-up in a legally responsible manner. This level has been calculated at £33,000.” — page 7
“Consequently, the Trustees reviewed the financial position of the charity and its future funding prospects. Based on this review, the Trustees concluded that the charity was no longer a going concern. The Trustees therefore intend to manage an orderly wind down of the charity’s activities, settle outstanding liabilities as they fall due, and distribute any remaining assets in accordance with the charity’s governing document.” — page 6
“Green Shoes Arts uses CHCC to deliver workshop activities and as office space. CHCC is owned by LBBD. While LBBD have funded GSA in the past for specific projects, they hold no controlling interest in the charity. GSA pays rent to LBBD to use studio and office space at CHCC. The charity has a commercial rolling three year lease contract with CHCC, which was renewed in October 2021, and all transactions are carried out at arm’s length.” — page 7
Trustees
- Daniel Anthony Martinchair
- Adam Njenga
- Councillor Ingrid Shanon Jean Marie Robinson
- Joseph Robert Kobina Siripi Quartson
- Mark Frederick David Hill
- Rebecca Jane Laughton
- Ruqaiya Asim
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £161k | £182k |
| 31/03/2024 | £189k | £183k |
| 31/03/2023 | £229k | £231k |
Common questions
Is GREEN SHOES ARTS CIO financially healthy?
Per its FY2025 accounts: The accounts state that the charity is winding up its affairs and has been prepared on a break-up basis rather than a going concern basis due to insufficient secured future income. Per the trustees' report, unrestricted reserves of £40,165 were held at year-end, which the trustees considered to be in line with their stated reserves policy target of £33,000. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 28/03/2013 | £28k | "Pause, Rewind and Play" |