Finance Score: 6

Governance Score: 3

Support Score: 11

Good reserves management: +3
Fundraising costs low: +3

Good trustee age range: +3

Grant maker support: +11

Overall GiG Score: 20

COCKPIT ARTS

Cockpit Arts is the only creative incubator for designer-makers in the UK. The organisation supports and promotes designer-makers at all stages of their career development by providing workspace, professional development services and promotion.

Analysis by Giving is Great

Positives:

Reserves management has been consistently within official guidelines
Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
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

Financial issues to consider:

There has been a change of accounting period recently, so trends may be hard to determine

Financial Data ?

Income & Spending ?

N.B. data has been adjusted to reflect year end change

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
31/03/23		£2,649	£1,187	£1,462	£112	£3,300	£631	6.4	9
31/03/22?		£1,904	£1,635	£269	£151	£1,838	£630	4.6	9
30/09/20		£905	£838	£66	£80	£1,568	£538	7.7	12
30/09/19		£1,020	£942	£78	£93	£1,502	£479	6.1	12
30/09/18		£960	£974	£-13	£86	£1,424	£392	4.8	9
30/09/17		£1,019	£969	£51	£83	£1,437	£367	4.6	9
30/09/16		£952	£883	£69	£77	£1,386	£276	3.8	8
30/09/15		£920	£913	£6	£90	£1,317	£232	3	9
30/09/14		£925	£892	£33	£153	£1,297	£196	2.6	9
30/09/13		£891	£816	£75	£157	£1,264	£1,138	16.7	7
30/09/12		£798	£795	£2	£154	£1,189	£76	1.1	7
30/09/11		£782	£745	£36	£158	£1,187	£69	1.1	7
30/09/10	*	£746	£693	£53	£135	£1,151	£32	0.6	7
30/09/09		£694	£713	£-19	£107	£1,098	£-35	-0.6	7
30/09/08		£689	£718	£-29	£102	£1,117	£-58	-1	8
30/09/07		£689	£681	£8	£102	£1,146	£-69	-1.2	7
30/09/06		£654	£623	£31	£0	£0	£0	n/a	0
30/09/05	*	£620	£598	£22	£0	£0	£0	n/a	0
30/09/04		£551	£610	£-60	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 4.2%
Fundraising Costs/Total Spending: 9.5%
Senior Staff Costs/Total Spending: 9%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 24%
Liabilities/Income: 39%
Unrestricted Funds/Total Funds: 19%
Reserves/Spending: 6.4 months
Net Current Assets/Spending: 12 months
Quick Ratio: 1.8

Asset Split ?

Established: 30 years

www.cockpitarts.com

info@cockpitarts.com

020 7419 1959

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Acts as an umbrella or resource body
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Throughout London,

Who it helps

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

Who works here?

9 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

Garfield Weston Foundation	£277,970
DCMS	£111,705
The Leathersellers' Company Charitable Fund	£98,600
City Bridge Trust	£93,430
The Foyle Foundation	£75,000
John Lyon's Charity	£39,000

Specific Donations

Amount	When Months	To be used for
Haberdashers' Company - Haberdashers' Textile awards 2022/23
£17,000	05/04/2023	Annual award
City Bridge Trust - Grant to Cockpit Arts
£93,430	09/12/2022	£93,430 towards access improvements for Cockpit Arts' Deptford studios.
Garfield Weston Foundation - Major Grants award
£150,000	08/07/2022	Deptford Development
Trusthouse Charitable Foundation - Grant to Cockpit
£5,000	29/04/2022	21% of the running costs for a Social Enterprise in Deptford to support young people to take part in craft workshops and learn about craft careers.
The Foyle Foundation - Arts
£75,000	21/04/2022	towards capital project to refurbish and extend Cockpit Deptford to provide additional affordable artist studios and opening up spaces for community workshops, events and training
The Leathersellers' Company Charitable Fund - Grant to Cockpit Arts
£98,600	06/08/2021 48	To provide awards for leatherworkers
Garfield Weston Foundation - WCF award - COVID19 response
£127,970	05/02/2021	Weston Culture Fund
DCMS - Cockpit Arts - crafting recovery
£111,705	01/04/2020	To support Arts and Culture throughout England
John Lyon's Charity - Internship grant to Cockpit Arts
£39,000	14/06/2019 36	Creative Careers Programme
The Leathersellers' Company Charitable Fund - Grant to Cockpit Arts
£87,000	11/04/2018 48	To provide awards for leatherworkers
Esmee Fairbairn - Grant to Cockpit Arts
£10,000	05/05/2010 12	Towards Core costs Towards the costs of an evaluation of the Business Growth Loan Scheme.
Esmee Fairbairn - Grant to Cockpit Arts
£60,000	14/01/2009 36	Towards Core costs Towards the salary of the business development manager to provide business support to early stage crafts businesses.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Age Range of Trustees: 35-63

DAVINA ANNE LORE VON MALLINCKRODT (Chair) Appointed: 2021

LEE STAFFORD GAGE Appointed: 2021, Occupation: Solicitor

NISHITA DEWAN Appointed: 2019, Occupation: Self Employed

BILL AMBERG Appointed: 2017, Occupation: Designer

CLARISSA HULSE Appointed: 2019, Occupation: Textile Designer

DAVID MOORE Appointed: 2014, Occupation: Restaurateur

MEHUL NATHWANI Appointed: 2019, Occupation: Business Change & Consulting, Other trusteeships: SUJATA BANERJEE DANCE COMPANY LIMITED, The Healthy Heart Trust,

PABLO TUDOR BARRACLOUGH HEPWORTH LLOYD Appointed: 2019, Occupation: Social Entrepreneur

PATRICIA ELISABETH GODFREY Appointed: 2019, Occupation: Solicitor

SARAH SAMUEL Appointed: 2019, Occupation: Management Consultant

Legal constitution

Charitable company registered in England & Wales on 02/12/1993, number: 1029643
Registered at Companies House on 19/03/1993, number: 02801969

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
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

Filing Record

19 returns made; AR10: 11 days late, AR05: 98 days late,

Main office

COCKPIT ARTS
COCKPIT YARD
NORTHINGTON STREET
LONDON
WC1N 2NP

Objectives

TO PROMOTE MAINTAIN, IMPROVE AND ADVANCE EDUCATION IN THE ARTS FOR THE PUBLIC BENEFIT IN PARTICULARLY BY PROVISION OF FACILITIES FOR APPLIED ARTISTS TO BE TRAINED INCLUDING WHERE POSSIBLE PERSONS DISADVANTAGED BY SOCIAL ECONOMIC OR PHYSICAL CIRCUMSTANCES AND BY THE HOLDING OF PUBLIC EXHIBITIONS OF THE WORK OF SUCH ARTISTS.

Defined Area of Benefit:

NOT DEFINED

Data Sources