Finance Score: 3

Governance Score: 4

Support Score: 6

Liabilities <10%: +3
Excess reserves: -2
Reasonable growth: +1
Multiple Deficits: -2
Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Mainly female board: -1

Grant maker support: +6

Overall GiG Score: 13

SPIKE ISLAND ARTSPACE LIMITED

The primary objects for which the Association is established is to advance the arts for the public benefit through the promotion of Contemporary Art and the education of the public in the understanding and appreciation of Contemporary Art.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been reasonable growth in spending over the last 3 years relative to the previous period
Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Regulatory & Governance issues to consider:

There are 13 trustees whereas the Charities Commission recommends a maximum of 12
The Board is predominantly female
Over half the Board have joined recently

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £3,810,771 available, equivalent to 24 months of spending and so may not be able to utilise additional funding
On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£1,948	£1,873	£74	£12	£3,942	£3,811	24.4	39	0
31/03/22		£1,450	£1,382	£68	£0	£3,868	£3,842	33.3	19	0
31/03/21		£1,249	£1,250	£0	£0	£3,800	£3,710	35.6	20	0
31/03/20		£1,183	£1,373	£-189	£0	£3,800	£3,727	32.6	32	113
31/03/19		£1,077	£1,186	£-109	£28	£3,989	£3,928	39.8	38	136
31/03/18		£999	£1,038	£-39	£32	£4,098	£4,066	47	22	0
31/03/17		£1,569	£1,114	£455	£19	£4,137	£4,094	44.1	21	0
31/03/16		£1,216	£1,034	£181	£20	£3,685	£3,653	42.4	21	0
31/03/15		£988	£1,097	£-108	£20	£3,504	£3,476	38	25	0
31/03/14		£1,004	£1,066	£-61	£27	£3,612	£3,556	40	23	0
31/03/13		£969	£1,016	£-47	£25	£3,674	£3,639	43	22	0
31/03/12		£922	£934	£-13	£34	£3,721	£3,696	47.5	21	0
31/03/11		£734	£744	£-11	£88	£3,734	£3,709	59.8	19	0
31/03/10		£1,064	£783	£282	£74	£3,744	£3,719	57	18	0
31/03/09		£863	£957	£-94	£102	£3,463	£3,438	43.1	15	0
31/03/08		£788	£911	£-124	£40	£3,556	£3,531	46.5	8	0
31/03/07?		£2,159	£548	£1,611	£29	£3,680	£3,655	80	7	0
31/03/05		£483	£470	£13	£0	£0	£0	n/a	0	0
31/03/04	*	£368	£345	£23	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.6%
Fundraising Costs/Total Spending: 0.6%
Highest pay band: Less than £60,000
Liabilities/Assets: 6%
Liabilities/Income: 14%
Unrestricted Funds/Total Funds: 97%
Reserves/Spending: 24.4 months
Net Current Assets/Spending: 4 months
Quick Ratio: 2.2

Asset Split ?

Established: 33 years

www.spikeisland.org.uk

admin@spikeisland.org.uk

01179292266

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training
General Charitable Purposes

GiG Classification

Performing and visual arts

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides human resources

Where it operates

Bath And North East Somerset, Bristol City, North Somerset, South Gloucestershire,

Who it helps

Children/Young People
Elderly/Old People
Other Defined Groups
People With Disabilities
The General Public/Mankind

Who works here?

39 employees

Who's supporting them? ?

Donations from Grant Makers ?

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

Major supporters in last 5 years

DCMS	£250,464
Garfield Weston Foundation	£30,000
The Foyle Foundation	£30,000

Specific Donations

Amount	When Months	To be used for
Garfield Weston Foundation - Main Grants award
£30,000	11/09/2020	Spike Island Roof Project
DCMS - Spike Island recovery
£189,306	01/04/2020	To support Arts and Culture throughout England
DCMS - Spike Island: Sustainable Recovery 2021-22
£61,158	01/04/2020	To support Arts and Culture throughout England
The Foyle Foundation - Arts
£30,000	04/02/2020	towards match funding for the urgent repairs of the four felt roofs above the south east wing of the building
Esmee Fairbairn - Grant to Spike Island
£15,000	23/10/2008 24	Towards Project costs Towards the core costs of this arts organisation providing exhibition space and artist development in Bristol.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (13)

Current Trustees appointed

Gender Split

Age Range of Trustees: 21-71

CATHERINE LOUISE FRANKPITT Appointed: 2020, Occupation: Director

HARRIET BOWMAN Appointed: 2023, Occupation: Associate Lecturer (Ba Fine Art) And Artist

JANE VERONICA SILLIS Appointed: 2023, Occupation: Director

LENACHA CATHERINE LEMA Appointed: 2023, Occupation: Visual Artist

LUCY ANNE BAILEY Appointed: 2022, Occupation: Lawyer

MARIE BAK MORTENSEN Appointed: 2021, Occupation: Head Of Exhibitions And Interpretation

PIERS LEWIS HENRY TINCKNELL Appointed: 2023, Occupation: Digital Agency Owner

PROFESSOR JUDITH ANN SQUIRES (Chair) Appointed: 2022, Occupation: Deputy Vice-Chancellor And Provost

PROFESSOR WILLIAM MORTIMER GETHING Appointed: 2022, Occupation: Professor

TAMSIN MEI HONG Appointed: 2023, Occupation: Curator

LOUISE O'DONNELL Appointed: 2019, Occupation: Chief Executive Officer

PAULA GAIL NEWPORT Appointed: 2018, Occupation: Director Of People And Culture

ROSA STEPHANIE VIOLA CORBISHLEY Appointed: 2023, Occupation: Development Director, Other trusteeship: THE EARTHSONG FOUNDATION,

Legal constitution

Charitable company registered in England & Wales on 19/07/1991, number: 1003505
Registered at Companies House on 27/06/1991, number: 02624621

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
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
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

19 returns made; AR04: 1 days late,

Main office

SPIKE ISLAND
133 CUMBERLAND ROAD
BRISTOL
BS1 6UX

Objectives

TO ADVANCE THE ARTS FOR THE PUBLIC BENEFIT THROUGH THE PROMOTION OF CONTEMPORARY ART AND THE EDUCATION OF THE PUBLIC IN THE UNDERSTANDING AND APPRECIATION OF CONTEMPORARY ART.

Defined Area of Benefit:

NOT DEFINED

Data Sources