Finance Score: 1

Governance Score: 9

Support Score: 5

Excess reserves: -2
Fundraising costs low: +3

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +5

Overall GiG Score: 15

ART SERVICES GRANTS LIMITED

Visual arts institution SPACE provides creative workspace, offers advocacy & promotes innovation. Established by artists in 1968, SPACE runs 18 premises in London, providing affordable studios along with talent development programmes, residencies & training opportunities. SPACE also delivers Learning projects for schools, young people & communities to promote engagement with creativity & the arts.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £8,800,187 available, equivalent to 27 months of spending and so may not be able to utilise additional funding

Established: 50 years

www.spacestudios.org.uk

mail@spacestudios.org.uk

02085254330

Charity Commission for England and Wales

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
31/03/23		£5,442	£3,908	£1,534	£25	£9,664	£8,800	27	21
31/03/22		£4,749	£5,146	£-396	£26	£8,130	£7,134	16.6	24
31/03/21	*	£7,607	£5,548	£2,059	£42	£8,526	£7,394	16	26
31/03/20		£5,202	£5,090	£113	£76	£6,467	£5,175	12.2	27
31/03/19		£4,422	£4,170	£252	£96	£6,355	£4,915	14.1	26
31/03/18		£4,175	£4,085	£90	£138	£6,102	£4,605	13.5	25
31/03/17		£4,180	£3,847	£333	£130	£6,677	£5,009	15.6	25
31/03/16		£3,800	£3,744	£56	£146	£6,393	£4,650	14.9	18
31/03/15		£3,827	£3,753	£74	£155	£4,867	£2,981	9.5	18
31/03/14		£3,882	£3,188	£694	£135	£4,793	£3,300	12.4	16
31/03/13		£4,070	£2,891	£1,180	£125	£4,099	£3,021	12.5	16
31/03/12		£2,840	£2,609	£231	£103	£2,919	£1,720	7.9	13
31/03/11		£2,507	£2,272	£235	£83	£2,689	£1,356	7.2	13
31/03/10		£2,158	£2,041	£117	£63	£2,453	£1,185	7	14
31/03/09		£2,177	£1,960	£217	£53	£2,337	£1,039	6.4	14
31/03/08		£2,193	£1,735	£459	£52	£2,120	£808	5.6	13
31/03/07		£1,994	£1,707	£287	£12	£1,661	£377	2.7	11
31/03/06		£1,840	£1,834	£6	£0	£0	£0	n/a	0
31/03/05		£1,652	£1,834	£-182	£0	£0	£0	n/a	0
31/03/04	*	£1,819	£1,705	£114	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.5%
Fundraising Costs/Total Spending: 0.7%
Senior Staff Costs/Total Spending: 2%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 34%
Liabilities/Income: 90%
Unrestricted Funds/Total Funds: 91%
Reserves/Spending: 27 months
Net Current Assets/Spending: 16 months
Quick Ratio: 3.1

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training

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 England And Wales,

Who it helps

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

Who works here?

21 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
BBC Children in Need - Grant to Art Services Grants Ltd (also known as SPACE Studios)
£30,341	31/01/2022	Arts programme including animation, short films, spoken word and writing for 10-15 year olds who are not in education or training. Young people will increase their confidence, creative expression and ....more Arts programme including animation, short films, spoken word and writing for 10-15 year olds who are not in education or training. Young people will increase their confidence, creative expression and communication skills.
DCMS - Space 2018-2022
£225,291	01/04/2020	We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of ....more We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. We invest public money from Government and The National Lottery to help support the sector and to deliver this vision.
DCMS - Equality + access in recovery
£588,279	01/04/2020	To support Arts and Culture throughout England
DCMS - Building + sustaining resilience
£294,000	01/04/2020	To support Arts and Culture throughout England
DCMS - Space 2018-2022
£221,221	01/04/2019	£1.6bn invested in the key arts and culture infrastrucure organisations in England for a 4 year period
Mercer's Charitable Foundation - Grant to SPACE
£46,614	22/01/2019 34	Artists and Older People Collaborate in Redbridge
BBC Children in Need - Grant to Art Services Grants Ltd (also known as SPACE Studios)
£28,920	08/05/2018 36	Arts programme including animation, short films, spoken word and writing for 48 10-15 year olds who are not in education or training. Young people will increase their confidence, creative expression ....more Arts programme including animation, short films, spoken word and writing for 48 10-15 year olds who are not in education or training. Young people will increase their confidence, creative expression and communication skills.
DCMS - Space 2018-2022
£221,221	01/04/2018	Space 2018-2022
DCMS - Space 2018-2022
£55,305	01/04/2018	To support Space 2018-2022
Esmee Fairbairn - Grant to Art Services Grants Ltd (SPACE)
£15,000	05/04/2011	Towards a pilot programme of training and creative learning activities for artists, teachers and young people set within the artist studio.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Age Range of Trustees: 42-68

CAROLINE COLE (Chair) Appointed: 2019, Occupation: Architect, Other trusteeships: THE OVE ARUP FOUNDATION, THE HORNIMAN PUBLIC MUSEUM AND PUBLIC PARK TRUST,

DAVID SILVERMAN Appointed: 2023, Occupation: Director

DR OMAR KHOLEIF Appointed: 2018, Occupation: Write/Curator/Broadcaster

MIRANDA WAN CHING SIOW Appointed: 2022, Occupation: Writer

NEAL WHITE Appointed: 2023, Occupation: Professor

PAULETTE MIZRAHI Appointed: 2020, Occupation: Entrepreneur

PHILIP CLARK FCA Appointed: 2016, Occupation: Certified Chartered Accountant

Legal constitution

Charitable company registered in England & Wales on 26/03/1974, number: 267021
Registered at Companies House on 16/01/1974, number: 01157240

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
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR21: 3 days late, AR04: 1 days late,

Main office

Art Services Grants Ltd
129-131 Mare Street
LONDON
E8 3RH

Objectives

(1) TO FOSTER, PROMOTE, ADVANCE AND MAINTAIN AND IMPROVE PUBLIC EDUCATION AND TO PROMOTE INTEREST IN AND APPRECIATION OF ALL FORMS OF ART. (2) TO AID, ASSIST AND EDUCATE NECESSITOUS ARTISTS (3) TO PROMOTE AND IMPROVE ART AND THE PRODUCTION OF OBJECTS OF ARTISTIC MERIT

Defined Area of Benefit:

NOT DEFINED

Data Sources