ART SERVICES GRANTS LIMITED
Visual arts institution SPACE provides creative workspace, offers advocacy & promotes innovation. Established by artists in 1968, SPACE runs 18 premises in London, providing affordable studios along with talent development programmes, residencies & training opportunities. SPACE also delivers Learning projects for schools, young people & communities to promote engagement with creativity & the arts.
Financial health, per its FY2025 accounts
The accounts state that the charity reported an underlying operating surplus of £704,165 and held total unrestricted funds of £11,002,420 as of 31 March 2025. The trustees confirmed that SPACE remains a going concern, supported by a robust business plan and high studio occupancy rates of almost 99%. Free reserves were reported at £1,943,660, which is above the stated minimum target range of £1.1 million to £1.3 million.
What the accounts disclose
“There was one employee during the year whose emoluments, excluding pension costs, was over the threshold of £60,000 (2024: 1).” — page 24
“There was one employee during the year whose emoluments, excluding pension costs, was over the threshold of £60,000 (2024: 1).” — page 24
“To maintain financial resilience, the Board of Trustees has established a minimum free reserve target equivalent to three months of operating expenses. This reserve is designed to sustain the charity's core operations during a significant income shortfall. The target range, based on historical and current expenditure, is £1.1 million to £1.3 million.” — page 16
Year-over-year changes
- Top pay band moved from over £60,000 (FY2024) to Over £60,000 (FY2025).
Leadership, per the charity’s website
- Eline van der Vlist — Chief Executive
- Fiona Furness — Studios Director
- Hannah Princewill — Operations Director
- Michael Andoh — Finance Director
- Robert McKay Forbes — Property Director
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Miranda Sau Ting Leungchair
- Hannah Louise Farahar
- JANANNE AL-ANI
- LUCIANO RUBEN LILLOY FEDELE
- Miranda Wan Ching Siow
- NEAL WHITE
- Philip Clark FCA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £5.9m | £4.2m |
| 31/03/2024 | £5.4m | £4.8m |
| 31/03/2023 | £5.4m | £3.9m |
| 31/03/2022 | £4.7m | £5.1m |
| 31/03/2021 | £7.6m | £5.5m |
Common questions
Is ART SERVICES GRANTS LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported an underlying operating surplus of £704,165 and held total unrestricted funds of £11,002,420 as of 31 March 2025. The trustees confirmed that SPACE remains a going concern, supported by a robust business plan and high studio occupancy rates of almost 99%. Free reserves were reported at £1,943,660, which is above the stated minimum target range of £1.1 million to £1.3 million. Its FY2025 accounts were audited by HaysMac LLP.
What does the highest-paid employee of ART SERVICES GRANTS LIMITED earn?
Per its FY2025 accounts, the highest-paid employee was in the Over £60,000 band, and 1 employees earned over £60,000.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Greater London Authority | 06/06/2023 | £7k | Social Value Research |
| The Mercers' Company | 22/01/2019 | £47k | Grant to SPACE |
| The National Lottery Community Fund | 02/06/2005 | £65k | The Bow Channel - a youth broadcast channel. |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SEDEL - COLLINGS FOUNDATION | 1 | £30k |
| ST ANDREW HOLBORN AND STAFFORD'S CHARITY | 1 | £15k |
| THE FENTON ARTS TRUST | 1 | £7k |
| THE THEATRES TRUST CHARITABLE FUND | 1 | £5k |
| THE J G GRAVES CHARITABLE TRUST | 1 | £4k |
| SHEFFIELD TOWN TRUST | 1 | £3k |
| THE AUSTIN AND HOPE PILKINGTON TRUST | 1 | £1k |
| COMMUNITY COUNCIL OF DEVON | 1 | £250 |
Charities like this
- ACTION SPACE LONDON EVENTS LIMITED
- Making Space For Crafts Ltd
- S1: ARTSPACE/PROJECTS
- ART SPACE
- SPACE
- BARBICAN ARTS GROUP TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ART SERVICES GRANTS LIMITED | £5.9m | Over £60,000 | 1 | above | — | no doubt |
| ACTION SPACE LONDON EVENTS LIMITED | £613k | — | 0 | unclear | — | no doubt |
| Making Space For Crafts Ltd | £188k | — | 0 | above | — | no doubt |
| S1: ARTSPACE/PROJECTS | £2.8m | — | 0 | unclear | — | no doubt |
| ART SPACE | £497k | — | 0 | unclear | — | no doubt |
| SPACE | £256k | — | 0 | above | — | no doubt |