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ART SERVICES GRANTS LIMITED

Registered charity 267021 · accounts filings on the Charity Commission register · also known as SPACE (ART SERVICES GRANTS LTD)

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Latest income
£5.9m
Latest spending
£4.2m
Registered
1974
Accounts read
FY2025

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

Highest-paid employee band: Over £60,000 — below the median for charities its size (£78k)
“There was one employee during the year whose emoluments, excluding pension costs, was over the threshold of £60,000 (2024: 1).” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“There was one employee during the year whose emoluments, excluding pension costs, was over the threshold of £60,000 (2024: 1).” — page 24
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: three months of operating expenses (£1.1 million to £1.3 million) (held: £1.9m)
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 6 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£5.9m
Total spending
£4.2m
Cost of raising funds
£49k
Reserves (reported)
£1.9m
Employees
18

Reported reserves equal ~5.6 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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?

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.