Finance Score: 0

Governance Score: 4

Support Score: 7

Poor Liquidity: -1
Multiple Deficits: -2
Fundraising costs low: +3

Narrow trustee age band: -2
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +7

Overall GiG Score: 11

THE ART ACADEMY

The purpose of The Art Academy is to inspire and uplift society through art and art education, providing access to art experience for all the community. The motto of The Art Academy is CREATE - MASTER - INSPIRE

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board has little diversity in terms of age

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
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
31/08/22		£1,652	£1,874	£-221	£62	£428	£428	2.7	23
31/08/21		£1,349	£1,540	£-191	£25	£649	£649	5.1	19
31/08/20		£1,366	£1,494	£-128	£75	£840	£840	6.7	15
31/08/19	*	£1,650	£1,644	£6	£110	£968	£966	7.1	18
31/08/18		£1,780	£1,722	£58	£131	£962	£960	6.7	15
31/08/17		£1,679	£1,493	£186	£0	£904	£902	7.2	12
31/08/16		£1,587	£1,265	£322	£99	£719	£2	0	9
31/08/15		£1,306	£995	£312	£91	£397	£351	4.2	9
31/08/14		£868	£778	£91	£62	£85	£77	1.2	8
31/08/13		£690	£684	£7	£47	£-5	£-13	-0.2	6
31/08/12		£603	£603	£0	£48	£-12	£-15	-0.3	6
31/08/11		£579	£481	£98	£47	£-12	£-15	-0.4	6
31/08/10		£481	£442	£39	£0	£0	£0	n/a	0
31/08/09		£415	£387	£28	£0	£0	£0	n/a	0
31/08/08		£305	£308	£-3	£0	£0	£0	n/a	0
31/08/07		£485	£490	£-5	£0	£0	£0	n/a	0
31/08/06		£390	£516	£-126	£0	£0	£0	n/a	0
31/08/05		£313	£359	£-46	£0	£0	£0	n/a	0
31/08/04		£243	£241	£3	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 4.4%
Fundraising Costs/Total Spending: 3.3%
Highest pay band: Less than £60,000
Liabilities/Assets: 79%
Liabilities/Income: 100%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 2.7 months
Net Current Assets/Spending: -1 months
Quick Ratio: 0.4

Asset Split ?

Established: 24 years

www.artacademy.ac.uk

info@artacademy.ac.uk

02074076969

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Other charitable activities
Provides buildings/facilities/open space

Where it operates

Throughout England And Wales,

Who it helps

Children/Young People
Elderly/Old People
The General Public/Mankind

Who works here?

23 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.

Specific Donations

Amount	When Months	To be used for
The Foyle Foundation - Arts
£50,000	10/07/2023	towards the capital fit out costs of AAL Bankside, new campus and exhibition space
DCMS - The Art Academy COVID-19 Recovery Programme
£245,000	01/04/2020	To support Arts and Culture throughout England

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

Age Range of Trustees: 45-61

AMANDA BRIGHT Appointed: 2023, Occupation: Higher Education Professional

AMIR ZAHEDI Appointed: 1999

ROB PEPPER Appointed: 2023, Occupation: Principal

SOPHIA KISIELEWSKA-DUNBAR Appointed: 2023

DAMIAN FENNELL Appointed: 2018, Occupation: Director

JENNA CAROLINE LITTER Appointed: 2017, Occupation: Luxury Fashion Executive

KATE GORDON Appointed: 2020, Occupation: Yes

MELANIE RUTH GERLIS Appointed: 2017, Occupation: Journalist

Legal constitution

Charitable company registered in England & Wales on 07/01/2000, number: 1078804
Registered at Companies House on 06/07/1999, number: 03801729

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

19 returns made; AR19: 54 days late,

Main office

MERMAID COURT
165A BOROUGH HIGH STREET
LONDON
SE1 1HR

Objectives

THE ADVANCEMENT OF EDUCATION IN FINE ART.

Defined Area of Benefit:

NOT DEFINED

Data Sources