Funding & Finance

Funding and Finance

(as at March 2016)

Click here to download the Accounts for the year ended 31 March, 2016

Click here to download the Accounts for previous years

Annual Revenue requirements

Our main annual expenditure is bursaries for our resident writers. From April 2016, we are distributing the Skoyles Bursaries Fund of £10,000 per annum, generously given for five years by the Foyle Foundation.

Writers’ bursaries   £10,000
Church Cottage costs   £  6,000
Trust costs   £  6,000

We need annually to raise £11,000 to pay Trust expenses and Church Cottage costs. This is apart from sudden emergencies (such as the Cottage’s gable-end wall falling out) or ambitious projects for which we raise extra funding, such as the commissioning and publication in 2014 of our history of the area, Round the Square and Up the Tower: Clifford Chambers, Warwickshire.

In May 2015, Paul Edmondson (long serving Trust chair) ran the Prague Marathon, raising £5,500 towards building a studio-room onto Church Cottage. We are currently seeking a further £20,000 for this purpose.

Assets

Church Cottage is a Trust asset valued with its contents at approximately £200,000. The Trust will inherit further property eventually, current value £300,000.

Funding sources

Times are currently hard but not impossible. We started with £5 in the bank in 1999 and since then we have received finance and other help from five sources:

  1. Charitable trusts and foundations; amounts from £300 to £100,000.
    This is our main source of funding and we acknowledge support from:

    • All Souls’ College, Oxford
    • Anson Trust Charitable Trust
    • Ashley Family Foundation
    • Authors’ Licensing and Copyright Society
    • Aurelius Charitable Trust
    • Batty Foundation
    • Charlotte Bonham-Carter Trust
    • William A. Cadbury Trust
    • Chase Charity
    • Coutts Bank Charity
    • Denny Trust
    • Marc Fitch Fund
    • Foundation for Sport and the Arts
    • Foyle Foundation
    • Paul Getty Jnr Foundation
    • J A Gillett Charitable Trust
    • Allen Lane Foundation
    • Lloyds TSB Foundation
    • Rigby Foundation
    • C.A. Rooke Foundation
    • Sue Thomson Trust
    • Virago Press
    • Garfield Weston
    • Evelyn Williams Trust
  2. Government agencies: Arts Council West Midlands; £15,000 in 2010.
  3. Individual donations; amounts from £10 to £15,000.
  4. Local sponsorship for printing and help in kind; value usually £800 a year.
  5. Earnings from card sales and events; usually under £2,000 a year.
We acknowledge local sponsorship and practical support from:
Waitrose (local branch), Fred Winter Ltd, ‘Fishy Business’, Arden Forest Veterinary Group, Harrison Antiques, Stratford District Council, Warwickshire County Council, ‘Merry Maids’ Stratford.
We also thank many individual donors who have contributed amounts varying from £10 to £15,000. This includes monthly direct debit payments on which Gift Aid is reclaimed.

To give, see our How to Give page.

Future capital needs

We aim to extend our one property and/or acquire other properties in which to found further residencies in all the arts.

Ultimate intention

To make the Trust permanent as a national endowment for the arts. To this end, we are seeking substantial funding and/or partnership with a sympathetic collaborator.

If we do not achieve permanent endowment funding on the retirement of the founder/secretary, all assets (£500,000 current value) will be sold to create The Hosking Arts Prize to replace the residencies, and to be awarded annually to women of merit and need.

If you wish to make an online donation, please click on this button to go to the JustGiving website, or visit our How to Give page for more details.

Donation Online button

We acknowledge The Foundation for Sport and the Arts as our primary capital sponsor

Revenue funding for 2010 was supported by the National Lottery through Arts Council England West Midlands

The Foyle Foundation