CRAFT CENTRE AND DESIGN GALLERY LIMITED
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
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?
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 |
|---|---|---|
| The Goldsmiths' Foundation | 2 | £1.9m |
| THE GOLDSMITHS CENTRE | 1 | £39k |