Finance Score: -5

Governance Score: -1

Support Score: 7

Volatile income & significant deficit in latest year: -5
No PartB

Only 4 Trustees: -1
Good trustee age range: +3
Static board: -3

Overall weighted support: +7

Overall GiG Score: 1

RIFCO ARTS

Rifco Arts produces vibrant, accessible, high quality theatre which reflects and celebrates the contemporary British Asian experience; with a focus on enticing and engaging new audiences. We tour entertaining and thought provoking theatre locally and nationally, develop exciting projects within the local community, and explore the synergy between British Asians and their culture and heritage.

Analysis by Giving is Great

Positives:

A significant proportion of recent income was derived from major grant makers including the Government

Regulatory & Governance issues to consider:

Why are there only 4 trustees?
The Board composition appears to be rather static

Financial issues to consider:

Income has been volatile recently and was significantly lower than spending in the latest year
A PartB annual return has not been required and so detailed financial information is not available from the online data

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£451	£577	£-126	n/a	n/a	n/a	n/a	n/a	n/a
31/03/22		£433	£332	£101	n/a	n/a	n/a	n/a	n/a	n/a
31/03/21		£410	£255	£156	n/a	n/a	n/a	n/a	n/a	n/a
31/03/20		£510	£451	£59	£28	£221	£221	5.9	5	0
31/03/19		£673	£579	£93	£31	£162	£162	3.4	5	0
31/03/18		£708	£669	£38	£24	£68	£76	1.4	8	0
31/03/17	*	£667	£694	£-27	£11	£30	£35	0.6	6	0
31/03/16		£531	£538	£-6	£0	£57	£57	1.3	5	0
31/03/15	*	£406	£422	£-16	n/a	n/a	n/a	n/a	n/a	n/a
31/03/14		£317	£275	£42	n/a	n/a	n/a	n/a	n/a	n/a
31/03/13	*	£298	£200	£98	n/a	n/a	n/a	n/a	n/a	n/a
31/03/12		£499	£607	£-108	n/a	n/a	n/a	n/a	n/a	n/a
31/03/11		£497	£507	£-10	n/a	n/a	n/a	n/a	n/a	n/a
31/03/10		£257	£219	£39	n/a	n/a	n/a	n/a	n/a	n/a
31/03/09		£193	£205	£-12	n/a	n/a	n/a	n/a	n/a	n/a

Show more rows -->

Show financials table -->

Download accounts

Senior Staff Costs/Total Spending: 14%
Highest pay band: £60,000-£70,000

Balance Sheet History

Established: 17 years
(21 years as a company)

www.rifcoarts.com

info@rifcoarts.com

01923810305

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science

GiG Classification

Performing and visual arts

How it operates

Provides services

Where it operates

Coventry City, Leeds City, Manchester City, Slough, Throughout London,

Who it helps

People Of A Particular Ethnic Or Racial Origin
The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Esmee Fairbairn	£64,000
Backstage Trust	£15,000
National Lottery Heritage Fund	£9,700
Fenton Arts Trust	£3,000

Specific Donations

Amount	When Months	To be used for
Backstage Trust - Fund raising grant
£15,000	20/01/2023	Contribution towards the cost of an external Fundraising Consultant
Esmee Fairbairn - Grant to Rifco Theatre Company
£54,000	24/03/2021 1	Towards unrestricted core costs from the Racialised Communities Top Up Fund
Fenton Arts Trust - Grant to Rifco Arts
£3,000	11/06/2020	To support 3 British Asian playwrights, early in their careers, to research and develop a new play and bring it to an online audience.
Esmee Fairbairn - Grant to Rifco Theatre Company
£10,000	05/05/2020 6	towards unrestricted core costs as a COVID-19 Fast Response grant
National Lottery Heritage Fund - Grant to Rifco Arts
£9,700	23/01/2020	GenerAsians
Esmee Fairbairn - Grant to Rifco Theatre Company
£60,000	16/07/2019 36	Towards Rifco Associates, a programme working with emerging British Asian artists to develop their skills and networks to support a successful career in the arts
The Foyle Foundation - Arts
£15,000	02/07/2019	towards audience development for the midscale tour of 'Mushy:Lyrically Speaking'

Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (4)

Current Trustees appointed

Age Range of Trustees: 34-57

GANAN KANAGATHURAI Appointed: 2018, Occupation: Ceo

NEENA SHEA MOHAMMED Appointed: 2018, Occupation: Creative Diversity Project Coordinator

RAVLEEN BEESTON Appointed: 2012, Occupation: Head Of Sales

VIKRAM MENON Appointed: 2006, Occupation: Chartered Accountant

Legal constitution

Charitable company registered in England & Wales on 08/05/2008, number: 1123986
Registered at Companies House on 24/12/2002, number: 04625212

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

15 returns made; AR17: 1 days late, AR15: 5 days late, AR13: 71 days late,

Main office

WATFORD PALACE THEATRE LTD
20 CLARENDON ROAD
WATFORD
WD17 1JZ

Objectives

The objects for which the Company is established are:-To advance education for the public benefit by the promotion of the arts, in particular but not exclusively the art of drama

Defined Area of Benefit:

UNDEFINED. IN PRACTICE, NATIONAL

Data Sources

Watch Inspiring Videos

Save the upside down forest

Change the ending - the pain of Alzheimers

Help Dads in prison stay in touch with their children