PROJECT ART WORKS

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Deeks Evans Audit Services Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. PROJECT ART WORKS · parent
   1. Project Art Works Trading Limited 100% · England, East Sussex · Assisting the development of opportunities through creative art and the selling of art for people with complex needs.

Significant events

• “Project Art Works entered an ambitious period of capital development across two neighbouring sites: Arch 3: demolition and new build of two studios, replacing the outdated inaccessible building with new facilities that include sustainable heating, a Changing Place facility, two new light filled and accessible studios and a lift. Arch 2: high quality reconstruction of a condemned wall to return the building into safe use. Trinity Hall: sustainable heating, upgrading existing broken windows and doors, construction of accessible level access and installation of a sensory garden and external workshop space. This phase of the capital work is scheduled for completion in summer 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +99.6%

  £1,164,472 → £2,324,722

• Cash

  +22.5%

  £948,424 → £1,161,431

• Net assets

  +52.5%

  £1,065,800 → £1,624,823

• Employees

  -8.3%

  12 → 11

• Wages

  -6.7%

  £414,553 → £386,732

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers