LAKELAND ARTS

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

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

Crossley & Davis Chartered Accountants

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 entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.”

Group structure

1. LAKELAND ARTS · parent
   1. Lakeland Arts Enterprises Ltd 100% · England · Operating tea room's' and gift shops

Significant events

• “In 2024-25, Lakeland Arts made remarkable strides, delivering inspiring exhibitions, deepening engagement with local communities and wider audiences, and developing new commercial revenue streams that support our sustainability and growth.”
• “2024-25 marked the second year of our three-year National Portfolio Organisation (NPO) grant agreement with Arts Council England... We exceeded 77% of our targets this period... Arts Council England (ACE) has extended our grant agreement to 2026-27.”
• “We welcomed four new members to our Senior Leadership team, whose expertise and vision are already helping drive Lakeland Arts forward.”
• “Lakeland Arts Enterprises Ltd, the charity's wholly owned trading subsidiary, delivered a surplus of £162k (2024 - £121k).”
• “In December 2024, Storm Darragh caused extensive damage to our jetties, endangering both visitor access and our collection of heritage boats.”

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

Filings

11

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

3

last 12 months

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

• Turnover

  -1.6%

  £1,046,235 → £1,029,778

• Cash

  -88.3%

  £233,325 → £27,271

• Net assets

  -1.6%

  £15,912,914 → £15,657,652

• Employees

  -12.2%

  49 → 43

• Wages

  -4%

  £1,325,543 → £1,272,373

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