ASSOCIATION FOR CULTURAL ADVANCEMENT THROUGH VISUAL ART LIMITED
The advancement of education by the encouragement of the arts through the establishment and management of community groups, centres, studios and activities for the furtherance of public benefit through the visual arts.
Financial health, per its FY2022 accounts
The accounts state that the charity incurred a deficit of £189,247 for the year ended 30 September 2022, resulting in unrestricted general funds being negative £501,190. Per the trustees' report, the charity is targeting a break-even position by the end of September 2023 through licence fee increases and cost reductions, while maintaining high studio occupancy rates.
What the accounts disclose
“The following number of employees received employee benefits (excluding employer pension costs and employer's national insurance) during the year between: £60,000 - £69,999” — page 31
“Studio provision 1,253,759”
“Our reserves policy sets a minimum target of £24,000 p/a for unrestricted reserves over the next five years with a target of £120,000. It is our policy that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-months' expenditure.” — page 12
Corporate structure
- Registered company of the charity Companies House 01749730
Leadership, per the charity’s website
- Tom Holley — Chief Executive Officer
- Paul Augarde — Chair
Company officers (Companies House)
- MATTHEWS, Alexandra not on trustee list
- BOFF, Alice on trustee list
- AUGARDE, Paul Edward Joseph on trustee list
- HOLLEY, Tom
Property (HM Land Registry)
Structured financials (annual return, FY ending 30/09/2022)
Trustees
- Paul Augardechair
- Alexandra Mathews
- Andrew Catcheside
- Clementine Loustric
- Jessica Arczynski
- Jessica Longmore
- Maya Kincaid
- Rachel McVeagh
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | — | — |
| 30/09/2024 | — | — |
| 30/09/2023 | — | — |
| 30/09/2022 | £2.0m | £2.2m |
| 30/09/2021 | £2.1m | £2.1m |
Common questions
Is ASSOCIATION FOR CULTURAL ADVANCEMENT THROUGH VISUAL ART LIMITED financially healthy?
Per its FY2022 accounts: The accounts state that the charity incurred a deficit of £189,247 for the year ended 30 September 2022, resulting in unrestricted general funds being negative £501,190. Per the trustees' report, the charity is targeting a break-even position by the end of September 2023 through licence fee increases and cost reductions, while maintaining high studio occupancy rates. Its FY2022 accounts were audited by Sayer Vincent LLP.
What does the highest-paid employee of ASSOCIATION FOR CULTURAL ADVANCEMENT THROUGH VISUAL ART LIMITED earn?
Per its FY2022 accounts, the highest-paid employee was in the £60,001 - £70,000 band.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| City Bridge Foundation | 22/08/2022 | £4k | Grant to Association for Cultural Advancement through Visual Art |
| The National Lottery Heritage Fund | 02/08/2017 | £7k | "Enfield Making History, Women at Work: Then and Now" |
| City Bridge Foundation | 19/07/2017 | £4k | Grant to Association for Cultural Advancement through Visual Art |
| The National Lottery Heritage Fund | 18/05/2016 | £10k | "Hadleigh Old Fire Station: 85 years of community and place" |
| The National Lottery Heritage Fund | 07/11/2012 | £11k | "A Mirror for the Sea" |
| The National Lottery Community Fund | 10/08/2006 | £3k | Studio Group |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| IRWIN MITCHELL CHARITIES FOUNDATION | 1 | £591k |
| THE FIDELITY UK FOUNDATION | 1 | £198k |
| THE FOYLE FOUNDATION | 1 | £100k |
| THE FREELANDS FOUNDATION LIMITED | 1 | £35k |
| JOHN JAMES BRISTOL FOUNDATION | 1 | £30k |
| THE GOLSONCOTT FOUNDATION | 1 | £29k |
| JOSEPH LEVY FOUNDATION | 1 | £25k |
| THE BEAVERBROOKS CHARITABLE TRUST | 1 | £10k |
Charities like this
- NEW CURATORS
- VENTURE ARTS
- ALL ARTS & MEDIA LTD
- CONTAINS ART CIO
- GREATER MANCHESTER ARTS CENTRE LIMITED
- SPIKE ISLAND ARTSPACE LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ASSOCIATION FOR CULTURAL ADVANCEMENT THROUGH VISUAL ART LIMITED | £2.0m | £60,001 - £70,000 | — | unclear | — | no doubt |
| NEW CURATORS | £711k | — | — | below | — | no doubt |
| VENTURE ARTS | £703k | — | 0 | above | — | no doubt |
| ALL ARTS & MEDIA LTD | £99k | — | 0 | unclear | — | no doubt |
| CONTAINS ART CIO | £330k | Under £60,000 | 0 | above | — | no doubt |
| GREATER MANCHESTER ARTS CENTRE LIMITED | £7.2m | — | — | above | — | no doubt |