Finance Score: 2

Governance Score: 0

Support Score: 7

Volatile income
spending growth: -1
Fundraising costs low: +3
No PartB

(no info on trustees)

Grant maker support: +7

Overall GiG Score: 9

THE WASPS TRUST

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
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
This charity is based in an area of high deprivation

Financial issues to consider:

Income has been volatile recently but spending has been maintained

Established: 30 years

www.waspsstudios.org.uk

Financial Data

Income & Spending ?

Period ending	31/03/18	31/03/19	31/03/20	31/03/21	31/03/22	31/03/23
Charitable activities
Donations & Legacies		£2,451,414	£580,578	£1,329,946		£345,916
Other Income						£13,176
Investment Income	£1,295,531	£1,451,274	£1,692,019	£1,404,349		£2,083,623
Total income	£1,750,110	£4,354,950	£2,693,858	£3,024,175	£4,816,384	£2,875,700
Charitable activities spending	£1,693,728	£1,789,341	£1,982,950	£1,891,159		£2,689,043
Fundraising costs	88%	1%	2%	1%	2%	0%
Other spending
Total spending	£2,094,472	£1,811,127	£2,003,433	£1,912,022	£2,501,427	£2,690,978
Surplus/deficit	-£344,362	£2,543,823	£690,425	£1,112,153	£2,314,957	£184,722

Listed activities

It makes grants, donations or gifts to organisations
It carries out activities or services itself

Purposes

The advancement of education
The advancement of the arts, heritage, culture or science

Where it operates

More than one local authority area in Scotland, main operating location: Glasgow City

This charity is based in an area of high deprivation

Who it helps

Other defined groups
Other charities or voluntary bodies

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	£175,000
Scottish Government	£74,895
National Lottery Heritage Fund	£59,800
Charles Hayward Foundation	£25,000

Specific Donations

Amount	When Months	To be used for
Charles Hayward Foundation - Grant to Wasps Trust
£25,000	26/08/2022	Granton Station Creative Works project
Garfield Weston Foundation - Major Grants award
£25,000	26/11/2021	Inverness Creative Academy: Phase 2
National Lottery Heritage Fund - Grant to The Wasps Trust
£59,800	08/06/2020	COVID19: The WASPS TRUST
Scottish Government - Wasps Trust
£74,895	23/04/2020	Detailed description not provided.
Garfield Weston Foundation - Major Grants award
£150,000	22/05/2019	Inverness Creative Academy: Phase 2
Glasgow City Council - Wasps Artists Studios Annual Programme
£7,000	28/02/2019	Provides affordable artists studio space. Provides space for 300 artists each year. Undertakes a range of initiatives to increase public access to the visual arts. Leading on the redevelopment of the ....more Provides affordable artists studio space. Provides space for 300 artists each year. Undertakes a range of initiatives to increase public access to the visual arts. Leading on the redevelopment of the Briggait.
The Pilgrim Trust - Grant to Wasps Trust (Workshop & Artists Studio Provision Scotland)
£25,000	13/02/2019 12	Inverness Creative Academy Phase 2 : regenerating an important historic building and delivering much-needed affordable creative workspaces
Glasgow City Council - Wasps Artists Studios Annual Programme
£7,000	31/05/2018	Provides affordable artists studio space. Provides space for 300 artists each year. Undertakes a range of initiatives to increase public access to the visual arts. Leading on the redevelopment of the ....more Provides affordable artists studio space. Provides space for 300 artists each year. Undertakes a range of initiatives to increase public access to the visual arts. Leading on the redevelopment of the Briggait.
National Lottery Heritage Fund - Grant to The Wasps Trust
£886,600	08/03/2018	Inverness Creative Academy: Creativity in the heart of the Highlands

Show more rows

Data sourced from Donors via 360 Giving

How is it governed?

Trustees

Sorry we have no information about the Trustees.

Legal constitution

Charity registered in Scotland on 19/11/1993, number: SC022115

Filing Record

5 returns made; all on time

Main office

The Briggait, 141 Bridgegate, Glasgow, G1 5HZ

Objectives

To advance the arts, by (a) establishing, managing and maintaining studio and workshop facilities for artists in Scotland (b) encouraging the cross-fertilisation of ideas among artists occupying the facilities managed by the Trust and (c) promoting public interest in, and appreciation of, the arts. and in each case, either directly or by providing financial and/or other support to charities (including, without limitation, Workshop and Artists Studio Provision Scotland Limited (incorporated under the Companies Acts with registered number SC062117. a Scottish charity, with Scottish charity number SC001351) (“WASPS Limited”) which further any of the above aims.

Data Sources