Art In Mind Limited

Art In Mind Limited, based in Penzance, UK, is a small, active charity established 22 years ago. With six employees and £135,289 in assets, it’s a solo-founded operation managed by one director and owner. The company regularly imports nothing (last import in June 2023) but exports art and antiques (last export in September 2024). It has a real registered address, and operates under the small companies regime.

The company’s website reveals a focus on mental health support for young people through art-themed workshops and awareness campaigns. It runs these workshops and also accepts donations to support its work. The website also mentions a Privacy Policy and Copyright Disclaimer.

Financially, Art In Mind Limited has seen some concerning trends. Cash reserves have fallen by 47% to £130,000, while creditors have dropped by nearly 50% to £90,000. Net current assets have also decreased by 38% to £45,000. While the company’s losses deepened by 150% to £12,000, it’s important to note that it’s a charity, and these figures may reflect increased program spending. Trade debtors have increased significantly, suggesting perhaps a change in payment terms or an increase in sales on credit. The company’s small size (meeting two of three criteria for a small company) helps it remain flexible, but the decrease in equity is a cause for some concern. As a small company, it’s exempt from an audit, so the financials are unaudited.

Overall, Art In Mind Limited seems to be facing financial pressures, but its mission and community focus suggest it’s working hard to sustain its operations. The decrease in cash reserves and the increase in trade debtors are worth monitoring closely, but the company’s dedication to its cause is evident.

Registered in England/Wales under the registration number 04714098, with a registered address at TR18 2AY, England, Penzance, Trevidren, Lescudjack.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.