CRAFT CENTRE AND DESIGN GALLERY LIMITED
The objects of the charity are to stimulate the appreciation of, demand for and production of well designed objects by commissioning, exhibiting and making available for sale such art and craft objects.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £92,309 for the year ended 31 March 2025, resulting in negative unrestricted reserves. The trustees have concluded that the company is not a going concern and may cease activities unless circumstances change significantly. The financial position is described as extremely challenging, with the board exploring options for the future of the charity.
What the accounts disclose
“The Board considers that the negative reserve of £92,309 is insufficient to meet its policy objectives” — page 7
“The Board has reviewed the charitable company’s financial position and its future outlook and has concluded that it can no longer be satisfied that the company is a going concern. The financial position is such that, unless there is a significant change in circumstances, the Board is likely to have no realistic alternative but to cease the company’s activities. The accounts have therefore not been prepared on a going concern basis.” — page 6
Year-over-year changes
- Going concern: going-concern doubt noted (FY2024) → not a going concern (FY2025).
Trustees
- Councillor Jessica Lennox
- Kayleigh Brooks
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £114k | £157k |
| 31/03/2024 | £117k | £160k |
| 31/03/2023 | £143k | £196k |
| 31/03/2022 | £163k | £220k |
| 31/03/2021 | £140k | £143k |
Common questions
Is CRAFT CENTRE AND DESIGN GALLERY LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £92,309 for the year ended 31 March 2025, resulting in negative unrestricted reserves. The trustees have concluded that the company is not a going concern and may cease activities unless circumstances change significantly. The financial position is described as extremely challenging, with the board exploring options for the future of the charity. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JERWOOD FOUNDATION | 1 | — |
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £543k |
| THE FIDELITY UK FOUNDATION | 1 | £335k |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £111k |
| THE FREELANDS FOUNDATION LIMITED | 1 | £107k |
| JOHN LYON'S CHARITY | 1 | £42k |
| NATIONAL ART COLLECTIONS FUND | 1 | £42k |
| ANSON CHARITABLE TRUST | 1 | £30k |
Charities like this
- THE GUILD OF HANDICRAFT TRUST
- NEW CURATORS
- ART GENE LIMITED
- MK GALLERY
- CRAFTS COUNCIL
- THE MASONS COMPANY CRAFT FUND
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CRAFT CENTRE AND DESIGN GALLERY LIMITED | £114k | — | 0 | below | — | not going concern |
| THE GUILD OF HANDICRAFT TRUST | £130k | — | 0 | unclear | — | noted |
| NEW CURATORS | £711k | — | — | below | — | no doubt |
| ART GENE LIMITED | £404k | — | 0 | above | — | no doubt |
| MK GALLERY | £1.8m | £85,000 - £90,000 | 1 | unclear | — | no doubt |
| CRAFTS COUNCIL | £3.6m | £90,001 - £100,000 | 4 | below | — | no doubt |