OPEN COLLEGE OF THE ARTS
Financial health, per its FY2025 accounts
The accounts state that the charity reported an operating deficit of £197,246 for the year ended 31 July 2025, resulting in total negative reserves of £875,407. Per the trustees' report, the charity has an agreed five-year recovery plan aiming to return to an accumulated surplus position by 2029/30. The trustees confirm that adequate resources exist to continue in operational existence with no material uncertainties regarding going concern.0
What the accounts disclose
“The College now has an agreed longer-term ‘recovery plan’ to ensure it achieves annual operating surpluses from 2025/26 and returns to a positive accumulated financial position by 2029/30, steadily building reserves that will allow us to strengthen our ability to withstand unexpected challenges and invest in future opportunities.” — page 4
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- Asad Arif
- Ceri Rose
- James Blake
- John Boyle
- Marie-Claire Isaaman
- Richard Marsden
- Simon Fenne
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £3.1m | £3.3m |
| 31/07/2024 | £2.7m | £3.2m |
| 31/07/2023 | £1.9m | £2.7m |
| 31/07/2022 | £2.6m | £2.5m |
| 31/07/2021 | £2.6m | £2.1m |
Common questions
Is OPEN COLLEGE OF THE ARTS financially healthy?
The accounts state that the charity reported an operating deficit of £197,246 for the year ended 31 July 2025, resulting in total negative reserves of £875,407. Per the trustees' report, the charity has an agreed five-year recovery plan aiming to return to an accumulated surplus position by 2029/30. The trustees confirm that adequate resources exist to continue in operational existence with no material uncertainties regarding going concern.0 Its FY2025 accounts were audited by PKF Littlejohn LLP.