REGISTERED COMPANI, ULIqBER: 03136932 {England and Wales) REGISTERED CHARITY INUMBER: 1051551 B.E_PORT OF THE TRU.SI'EES_AND U.N_AUDITED FINAfiCI ENT TATELFoR THE.YEAR ENDED F.OR 'I'HE PHOENIX ART.S ASSO£.IA'I'IO_iY LIMITED C.hariol Hoiise Limited Chartered ALioiinlants 44 Graiid Parade Brighton East Susscx BN2 9QA
THE PHOENIX ARTS ASSOCIATIOLN, LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YE_AR ENDED 31 DECEM_BER 2023 Page Report of the Trustees Indipendent ExAmlner'5 IlepTrrt Statement of FlnanLlal Actlvltle$ Balan¢e Sheet 9 10 1 Cash Flow .StAtement Notes to the CAsh Floiv Stntement 12 Nute5 to the Flnuniffial Stlllements 13 10 22
THE_PHOENIX ARTS ASSOCIATIOh' LIMITED
REGISTERED NUI¥IBER: 03136932
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECELWtBER 2023
The ttiist¢es who are also dir¢ctors ot the charity for the puiposes of the Coinpanies Act 2006, preseiil their report with
the finan¢ial .81ulenients of the charity foi. th¢ ycar endud 31 DeLeinbcr 20?3. The IrL15tcLs Iiave adopled tlic pmvisions of
Accoiiiiting and Repoiting by Charities.. Statement of Recon]niended Pral lice appliLable to charities preparing their
a¢Lounts in accordanLe with the Financial Reportin Standard applicable in tli¢ UK and Republi¥ uf Ireland (FRS 102)
(etfective l January 2019).
OBJECTIVES AIYD ACTIVITIES
Objectlvi's and alms
The Charity's objective and priiicipal a¢livities are..
l. The proinoiion ot the arts. and
2. Tlic advanceimeiii of public educaiioii in the appreciation, pr(Iduclion aiid priiclice of the art8, and
3. To rilieve pour artlbls by providing woi'k8pac¥ aiid studio fa¥ililiL&> ai)d by the provision of adviL'e iii artist
developmeiil Seminars.
Sl¥nlflc4nt ACtlvltSes
oll()wiiig a p¥riod of Lliun¥c in 2022 PlioLnix hus now s¢iilcd well and fornier liilLrim Executive DI¢tOr, LULY Day ig
now ExL¢Utive DireLtor. leadiiig on the artistic ¥irutegy ]d w()rking w.ith the Board on governance, vi4ion and
dLvclopniLiil.
Oiir Li)mmilmenl l(} aL'lii)niny and pri)moting incliision &nd Lliversily Ihrviigh tlie arts wos furthcr dcvelvped thriTru¥h 5
key cxhibilions in 2023 in L)iir Mail) (iollcry, aiid WL1S Lilso stroi)gly r¢prc.qL.'ntLd it) our Proje¢t Spalc prograiiinie. All
exhibitii)ns were UP¥n t() the Pliblic lind IrLL' lu vilit. FAmily wurkshops Mnd ¢venl% ulignLd to th¢ exhibition Ihcm¢s r41n
thi'uu¥hoiil (lie 2023 progr(IIMine. Plioei)ix is proa¢live in cnLuiif<iging IILW audienLC% and crLaliiig a truly wulLOIIIIII8,
sali diid accessible eiiviroi)m¢nl. In order lo keep OLII. appi'oach ciirreiil, %lall' and iiivigilalor%' have a programme of
tl'lc iiiiiig whiLlI ii)clLidL.s H&8, Fil'e wai'dLlI, EDI diid mcnlul hLalili IlW¢ifL'IiLs4. A .4lLidio within IliL' biiildiiig is providcd
lor ai) iii)der represeiited orti81. 111 2023 Laura Morbiuli was th¥ rLcipieiit ol" IliL award, wliiLlI inLlud¢d Iiieiiioring with
I)ireLI(Jr Liicy Day.. Shc went on lo l)uve d s()lo exhibition in thc Window GallLry in 21124.
Lcd by thc dircLlor, staff and Tni%tees havL been wi)rking h<ird i() implemLnt Ihc reLommcnd
THE P_HOENIX ARTS ASSOCIATION LIMITED
REGISTERED NufwIBER: 03136932
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DÉCEMBER 2023
ACHIEVEMENT ALND PERFORMANCE
Charitable Activities
Aftordable work space for the arts
Th¢ artist sludios in the building, over 100 spaces, &rc always fully occiipied and we have a siieable wailin¥ litit of artists
keeii lo join the taleiited commiinity of artists. We have provided a sttidio for recent graduates in partiiership with CASS
and univer.sity of E3riglilon hnd Iliroiigh IhL Phoenix Stiidio AwarLI offcr a Ii'ee stiidio lo une artist aniiuÉilly. This awurd
supports artists al aiiy gta&Te ot tl)eir careers iii¢luding¥ eniergin&F and iiiidcr-represented practices. We particularly
wcILome 41ppliLation¥ from artists wlio are mar¥inaliscd or Lxperienie inierseelin¥ fumis of discrimination with the
awL1rd alli)caled bascd oil lalcnl and necd.Tlie Rockets, (ali iii¢lusive gri?up of visual and pertorniance art18ts who
chall¢ngL barricrs (wound art, divLI'Sity, Ictwning
THE_PHOENIX AR_TS ASSOCL4TIOli LIMITED REGISTE_RED NUMBER: 03136932 REPO_RT OF THE TRUSTEES FOR THE YEAR EP4DED 31 DECEMBER 2023 PROJECT SPACE EXHIBITIONS We programmed the Plattorn) Graduilte Award. in the Proj¢ct Space in 2023. A CVAN SE (Contemporary Visiial Arts Network Soliih Ei1St) iiiilialive il briiigs logeilier HE fii)e art recent gradualLS with arts organisalions in Il)eir region for ali exhibition. 111 2023 {as iii pr¢vi0118 years) one ¢xhibitor went on to wiii the £ 2,000 award and meiitoring for one year. Oiir Proj¢¢l Space is avail¢oble lo hire for exhibitions and events Ihroiighout th¢ year. In 2023 this incliided Eveiil8 and workshops with Brigihton Woiiien's Centre aiid OLlt8ide In, ai) exhibition from Bhopal Medical Fuliircs,Uiiivcrsily of Brighloii researchei'y working with young people and ihe cnvironment, includiiig partlClPi£ nts from Cl)ilL aiid Lundc)ii,' ali exliibili(?i) by UIiivLrsily i)f Palin()uili r¢LLiil girLILiiiale8', and ¢1 mixLd media exhibition ol. inlen)alioiial (Ilti%ls iiicliidiiig Uki'uiiiiuii aiid RLIS5ian artislb and Ukrainiaii retLi¥yees workiiig togelher. WINDOW GALLERY Oiir WinLlow Qrallery sh()wL'ascd the work of oiir Sttidio Awi?rd rt18t tlir()Iigli a soli) cxhibition in Juniiary ?0?3. TliroLiglioul IliL year 8iudi() arli¥ls arc grivcii ai) opporluiiily lo propos¢ an lxliibilioii lor tliL Window CJ4illLry, wliich is supported by th¢ Exhibiliuns ILam. This y¥&r six sliidiu memb¥r <lltisls hLlIl solu exhibitions ¢2nd we also prLSL'nted the work ()r our CASS Art / Pl)oLiiix Art SpaLC uward holders IrL¢¢iil gi'tiiluaies 4L'IcLied thruugli ali opel) L'all with Uiiiversity ot- Brighiuii) al Ihl eiid ol. their yLui' loiig 8tLidiv uward with Ub. Fkir 2024 we are lookii)g lo ofter the Window GullLly Ollt l() IhL widLf (lrts ¢1)Inn)LiiiiIy 011 411)irL busi%. OnL artist frnin the Platfonn CiradiiiilL Aw<ird, and OllL froin tl)L. CASS Art l i)lioL'nix awnrd h¢lVL gon¢ (In lo wui'k witli 1.4 in a frLclaiicL Lapacily as Froi)l ol. FIousL 8ldtY, eiiablingv Iliein to giaii) eniploynienl and d¥vclop Ililir CV, aloi)gside nclwoi'king vppoitiinilies with Ihe slaft tL411n and sliidi(I mLmb¥rs ai Phuciiix. GALLERY DODO Ali drti%l-lid exliibilii)11 spacL silualld on IhL Sl)uih stairway ol. the bLiildinL', which offers an npp()rtiinily fi)r urtisl.8 to collaborate logeiliei. iii experimental way. Visitors pre-book a treLi limed .%loi lor their visit wheii exhibiliong are on. Educlltlon, Engugemeiit And L¢#rnlng Pliiiciiix liu% li vil)I'aiil clllLI iiiLILI.%ive ILuniiii¥ progruiniM¢ wliiih ol'tcr8 iknuiiy frc¥ urt ULliviti¢s tL4%()Lialed with Ih year-round prograinnie of exhibition. Oiir cour.se tees are sel in liiie with similar ofteriiig5 and kept at an at'lordable level for Ilil gL'nLf<il pul)IiL un limitLLI m¢an8. PhuLnix £iiin.% tu a¥liievc fiiiiding fur .spiciul cv¥nls &nd pr()fus8ionul devLlopniL'nl projects and in most cases is oblc lo otter frcc pla¢cs. Oiii creative coiirses for adLilis are laii¥hi by profLSsionI artists. and Ll)ntinii¥ to be w¢ll 5ubsLrib¥d, Oiir link with the lo¢al commiiiiity coiiliniiLS lo floiirish wc priividc ai'l Pii¢k5 for Ihc lamilies in our n¢i¥libourlii)()d,aiid Ii) cii¥agL' WIIII 1%suL'% <iiid b()Lial Lveiilb. 'fhr()ugl) SUL(-L¥sfiil fuiidin¥ bid4 Pli(?ciiix pr()vidLd muiiy tree creative opportllliities, incliidiiig tree places oli oiir arts coiir.ie8 to metnbers ot Olir local con)niLlI)ily who lace miiltiple disudv£lntgc. In 2023 WL. worked Llosely with our IoLal iominiinity oldLr residenis and tainilics, for whom the ¢ost of living crisi8 hlls proveii esp¢cially challeiigiiiB. We know that creative aLlivity Can provide a huge benetit lo wellbeing. Wc continue to work with Han()vcr und Elm (irove Cominiiniliis Fo1M on joint initiatii'es, improving our local Lnvironmcnl and introducing ncw audi¢iiLcs to tliL' t8. Wc work willi Ilic Plioliiix Cvmniunily Food Shop (fonnerly Phoci)ix Food Bank), lo sort and deliver produce as well as providing art packs lo families lo have crecltive ftin together. Oiir annual 'Coinmiinily Takeover, exhibition provide5 an opportLinity for the groups thai we work willi in the commlinily lo exhibit what has been created. During each of the Main Gallery exhibitions, we held al least one free Family workshop, where visitors engaged with themLs or materials in a hands-on creative way. Where fiinding was in plac'e we ran creative workshops with speLifiL groups related lo the exliibition themes. These included working with gri)up$ in Brighton who support individuals neurodivergent and disabled individuals and their families. We also ran creJiive workshops related lo mental wellbcing as part of the exhibition Are You A Woman in Authority. Page 3
THE PHOENIX ARTS ASSOCIATIOIN LllWIITED REGISTERED NUIWIBER: 031369321 REPORT OF THE TRUSTEES FOR THE YEAR_ENDED 31 DECEMBER 2023 Over th¢ hall term and for one week in the summ¢r holidays, artists 'L¢ap then Look, ran creativ¢ art se%sion5 for young people, working together on projects, learning to cooperate ¢ind experiinent with iiew materials and techiiiqiies. SIicLLssful fiindrai.qiiig lias eiiabled uq to oFfcr frce spac¢s on %ome of Ihe%e courses to children uf fainilie% who havL been ideiitified Ihroiigh the fuod Shop as experiencing economic or persona. hardship. We also commissii)iied the artist duo Leap Then Look lo desigin and deliver a progrnmme of activities as iiart of our Extrn Time partnirship with the Russcll Martin Foui)di¢ lion, a cliarily Ilial works with secoiid¢iry school cliildren wlio are struggling with mainstream ¢duvic lion. Our partnership with the Prob(Ition ScrviLe Lonliniicd with Th. Art Studio a weekly meeting space for people on probation. The prograiiim¢ was e%tabli8hed ai Phoeiiix Art Spacc in Ilie wake of the COVID-19 pandemic. It aims to improvc mental hcalth and redu¢c rcoffcnding by providing participants with opportunities for social connLclion, Lfciiliv¢ expressioii, ¥ind a 5¢nse (Ifbelonuiii¥ wiihiii thu arts ooniniunily. Oiir partneryliip willi CASS Art und iliL UnivL'rsily of Brigliton reniain% Strung willi two University of Brighton ¥radLlUtes beinbi awarded IhL 2023 pri2¢ of a Studio for a year ai)d an exhibition iii tlie Wii)dow Gallery, Uiiiver8ily of Brigpliton third ycar studcnts are ulso invilLd lo llpply lor the Plllifonn Gruduale Aw&r(I, alvngside Ihosc from East SLISS¥X College, Hastings. WL were delighted lo hold our anniial Open Siuilios evunt in M<ly 2112.3, whiL:h 2,-311() PLI)ple vi.%iling the sttidios, We WLfL' Purt ot. Ai'li.41 OpLn Houses Fc,8tiViil, in IliL HanovLr Tr41il. Both IMLmbLrs ot Ihc public and artists beii¢til Irom Iliis, aniiual evLnl, with visits by local curators and g¢illeriLs, as w¢ll givillg an Iipportuiiily lor visitor5 to blly work directly rr()In Ihc 4lrtistlmakLr. We wLIL(ImL' laiiiiliis 11) Opci) SluLIiob, pi'ovidiiig un urt Irail Ilir()ugli tl)e buildiii¥ and eiiLoLiragiiig an Liiidei'staiiding of Ldreers iii the art sector lor yOLiiig people. It is o high point oli oiir Calendar ¢aLh year, anLI IiikL,% plaLc in Mily dliring the Brigyhloi) FeslivLII. In AiigLlSt w¢ hosted a svld oiil pancl discussion on Ihc oLLasion of TiirnLr P'izl winning drti%l and .8liidio rnLmbcr Helen Camn)ock's taki()ver of miiliiplL billboardb 11) Bi'ig?hion. Hulci) was joinLd by lorniLr dircLtor of Brigliioii C.'eiilrL' lor Conlempvi'1cry Art {Brighion CQA). Ben RobL.rt5, r,xeLulivL' DirLLlc)r ol Pholnix Lucy Dqly £ tirtist Loll¥Llive ProjLLI()Lirs, unil was i)ioderaled by lluili()r aiid Tlie Art Newspaper jOLimalisl ikniiy Shaw. CullLLlivL Coiivers1L liuns ii) Aii¥iis1 2023 incliided a nlimber ol- screenings. socials, workshops and evenly led by the Ilii'cc dil-fLfL'nl LulleclivL.4, appL'Jling l() a div¢r4L I'alle ol'uudiinLes. As part ot our ConiiiiLinity Takeover 2023we worked with Brighioii Womeii's Ceiiire lo ho%1 a very poplar aiid well recL'ivcd Open MIL ni¥l)l in IhL' Imain G&illery and ul.41) l)Lld 41 iPL'Lial %irLLning ot. A DI1LU]I PlaLe, a shoit filni on IIiL devaslaliiiL per.soiial ctteLls of IliL risL' in tood priLes, Li'c&led by artist Katy B¢iiiart aiid til1-niakcT .loliii Edwards. Inlr()dLIL¢d by C'.aroline Llicas MP, it hclped rai5c monLy lor the Phounix E.ood Shup and hlls gonL on lu loiir lo ()Ilier vcnu¢s, Cafe Cthnvas CatL ¢onlinues to pi'uvid¢ tasty snd¢ks and refr¢shmenls throughout Ilie wcek. The space 18 wheelLhair i1ccessible ,?nd iq a ureqt creftlivo hub lor OLir ortists, work.8liop users, ll11¢ry viJitors oiid ¥¢iicral public. Tli¢ cafL aiiracis a broad visitor rage, trom students through lo tamili¢s aiid older resideiils ot Brighton. Excludiii¥ café customer niimbers we welcomed 14,917 to our biiildiiig in 202.1. FINANCIAL REVIEW Flnanclml position PhoLliiX continues to iiivesl in the planned maintcnance of the buildiiig alon.gside our community engagement work and ¢xhibilii)n pr()gramme. The LumulalivL Lffe¢ls of the paiidemic, cosl of livin.4y Lrisi8 and the war in Ukraine has inade an impact on our cost base and the availability of fiiiiding to support our work, which is reflected across the sector. InLrea8ed energy chargLs in particular have significantly affected our cost base in ?023. DespilL this. wc inanaged our Costs well, alongside some siiccessful fund-raising and partnerships. The ILVStees regularly revislt the 20-year planned maintenance schedule of M orks and ensure any large up¢oming works can be paid for throLigh designated funds. Pag¢ 4
THE PHOENIX ARTS ASSOCLITION LIMITED REGISTERED LYUMBER: 03136932J REPO_RT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEfvIBER 2023 FINANCIAL REVIEW Reserves policy Phoenix rL'cogiiises that it is financially prLident lo accumiilale and design¢tte fund8 lo cover any uncxpecled finl¢la1 cireiimstanLc and to tiind strategic projeets. The Tn15t¥cs will tliereforu aim to hold reservL levels eqiiivalenl to Ihr¢c nionths averAg¢ cxpenditure in (Irdcr lo help Pho¢nix conliiiLie lo bc a goingi coiiccni. Any res¢rv¢s uccumulaled above tliis largel will be banked or d¢sigi)ated lo tli¢ planii¢d maii)ILI)¢ince of Ihc building, or to strategi¢ pi'ojcc15 as thLy urisc. riUTURE PLANS Pho¢iiix rLmaii)% Lominilled tt) impl¢menling the advice suggye4led by the fJiivenianLe Review of ?021. This promise5 to stubilis¢ the churity> ¢larifyii)g the Sttiicllire aiid r¢sponsibililie.4 ol. all pariie.%. By reviewiiig polilies and procediires Phuenix will l)c iii IliL' bL%I P(1silion to devLIop the fiIlLire Elu.%iiiL's% Plaii for 11)e orgiiiiisation. This lias bLen challeiiging aiid leiigihy, &lS it hus reqiiired Coiisiilidtion with all slakLhold¢i's, h(Iwevei' Iliis proLe.%s iq near lo Loinplelioii and has had th¥ &iol(ILd b¥nLfit ot- rLonsy<iging and LnLrgisin¥ IIIL iiILinbLrship with wliul WL du and our fuliire pl(Ins. TIIL stLidi(Is cuntinLIL lo enjoy ()L)O/tJ OLCiIP84llLy, with a wailing list (Jf drtisls Wishing lu join when a vu¢ancy appLars. PhoLiiix all¢iidccs ai eduLalioiidl progyrainines und al cxliibilions aiid evenli coiiliiiue lo grL)w, doc.8 11)c ciigli genienl willi our webbili (uid social mLdiu. W¥ will c()iitiiiuL Iu (Ipply lo Public Fuiid%. Tni%ts uiid Fouiidalioiis toi. fiindin¥, so thul WL cali build ()ii Ilic higlily vulued work WL huve bL¢li di)iiig witli IIIL L(lI]nunItY and for our div¢r%L' auLIiLIILL.I, C()iiipelilion tor funding ha.s in¥reasLd signifiLEinily ali)ng with ii)cren%e% in civerheads, espe¢i4711y cleclricity and biiilding niaierials. Phoeiiix 1% Loiislanily looking al ways lo redu¢e costs, ai)d Ii) make our buildiiig niore suslaiiiable. A stral¥b'Y has now bl'en devised with a cleai. timeline for impivving IhL eiii tootpiinl #nd siislainability ot thu ur8anisalion. STRUCTURE, GOVKRNANCE AND MANAGENIENT Governlng docunicnt TIIL, ¢I)¢irily Is Loiilri)IILd by 11.4 Meinorill)dLlln and ArtiLl¢s of Assulialion uiid LonsliliilLs a liiniled L(Iinpany, liiniled by giiaraiilee, as d¢fii)ed by tlie Compaiiies Act 2006. Trustecj, rccrultment llnd llppolntment Tni%luLS ufL' invil¢d tu upply and iirL inlLrvicwcd by IliL. l)()ar(l. CrilLfik) fui. uppointmLnt are based on .4ki115 £ind exporiciice tliul Iliey eat) brii)b lo Il)c team, aiid ali ability lo reprcsL'iil Il)e dilY¢rcnl scilors of the ¢()mmiiiiily. After an initial ¢o-oplLd PLriud, the pr()SPLLtivL InislL¢ will be pr¢sLnlLd i() the ¢iftiliiit¥ m¥inb¥rs at th¥ ACJM dnd elcLted fonnally. ThLre urL' a minimuin iiumbcr of IruslLes reLiiiirLd bLII ni) Iniiximiim. One Il)ird of the Trubtces 4lond dc)wii al IIIL Aiiiiuul CJeneral Meetin¥ bLiI ther¢ 1.4 ciirr¢iiily iio muximlini t¢mi ot cit'liLe ]d Iiii%lee% wh(} '1h lo Loiitll)Lie 10 4erve niay be rL'_L.ILLted by iIiL iiIL*inl?L lit thL. ACJM. Ph()¢nix l)u% Lwu ¢ttlL¥oriiy of i)i¥iiiL)¥r' fLIII IilLTiibLrs (wli() iipply Lo beLuin¢ fiill meinbers at)d ar¢ ag)reed by the Board) a11d a.ssociate m¢nibers Iwlio are stLidiu members). All trusiecs arc Oller Iruslee training if rcquired. The prospective Iruslee has un induction meeting and is mentored lo ensure a smvolh transition into the organisaiion. Full trustee meetings take plac¢ qiiarterly, however sub committees aiid siib groiips meet more regiilarly and special meetings occur when neLessary. Trustees also attcnd meetings with associale members and social events. The board may appoint new Tnistees al any timc during thL year, biit they mlist sland for ele¢tion by the members at the AGM. The critcria for Ihc appoinlmcnt of iiL'W board members is based on the skills and cxperience the organisation needs at any given lime and Ihc extent to whi¢h Ihc board represents diff¢reni scctors of the community. Diversity on the board is recognised as an action needing to be address¢d following on froin the recommendations of the Cjovemance Review. Page 5
THE PHOENIX ARTS ASSOCIATION LDIITED RE_GISTERED NU_MBER: 03136932J REPORT OF TIIE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 REFERENCE AND ADIMINISTRATIVE DETAILS Registered Company number 03136932 (Englaiid and Wal¢s) Reglstered Charity number 1051551 Reglst¢red fjfflce 10114 Waterloo Place BIi&Fhiun BN2 9NB Trustees Mr S F.van5 (rcsigned 201712023) Mt> K H Stra¢liaii Mr A (i MLirrlly Mr% J Wthlier Mrs11 L Lhe%ter M% L A Biirgesb {re%igi)ed 3011120231 Ms S E Prini¢ Iresigiied 2311120241 M8 8 r. Hi)LlgLI' {rL%igFnLd 301112112.3) Ms A Ci E3riblil (appoiiilLd 3171!0?3) Ms A J Ciiinir(in (appi)inted 161112n?.3) Dr C L F (:i)urabyc (appoiiilLd I11121?n2.1) Ms A J Ciimniiiis lapp()inlLd 21612023) Ms S L Pui'kii) lupp()ii)lid 101112Q231 Mr J P Tiirko lappoiiiled 131612023) Mr S l) Wilkiii%on {app()inlLd I l)171?1123} Mr S Qiiiain lappoiiiled 301512023} {resi8ned 81412024) Conip&ny Secretary Ms J A l)Iir8nl IndependLnt Exomlner Dr Sl)i)iia F Wardrop L.A. Ch£iri()l H()us¢ L.imitcd Cliarl¥i'Ld ALcouiiianls 44 GrLind ParadL Bri¥lili)ii Eusl Susblx BN2 9QA Approved by order of the boi& rd of tnistees on gigned on its bchalf by.. Mr A G Murr&y - Tnistee Page 6
I,NDEPENDENT E_XAMINER'S. REPORT TO THE T_RUSTEES OF THE PHOENIX ARTS ASSOCIATION LIMITED Indep¥ndent examiner's report to the trustees uf The Phoenix Arts As50CjJtion l.imited ('the Company'} l ICPOL1 to thc charity Irusl¢¢s vn my examination ot thc accounts of the LLirnpany for the year cnded 31 December 2023. Respollsibilities and basis of report As the cl)arity's trustees of Ilie Coinpany (and also ils directurs for the purposes of company law) yoii are responsibl¢ for the prepariltion of the accounts in accordance with Ihc rcqiiiremcnts of th¢ Coi)Ipaiii¢s Act 2006 ('Ihe 2006 A¢i'). Ilaviiig sali%lied myselt that the uccoiinls of the C.onipany are not required 10 be audited linder Part 16 of the 2006 A¢t and 41rL' eligyiblL tor indLpc'ndLnl examination, I rLPOIt in respc¢l of my exuiiiiiialiun ()f yoiir Lliiiiily's aLcoiint8 carricd oiit iuider Seclioi) 145 of the Charities Act 2011 ('Ih¢ 2011 Acl'l. lil ¢arryiiig) oiil my ¢xaniiiialion I h&ve followed the Direilions given by the Q'harily Cominission linder S¢¥tion 145(5) Ib) of thc 2111 I ALt. Independent ex4mlner's stAtement SiiiLe yoiir cliiirity's gyross ii)coiiie exceeded £250,000 yoiir examiner miist he a member of a listed body. I can Confimi ¢hal l am qLi211ifiLd to undurtaki thi exaniination beLaiisc l am a membLr (If thL InslilutL of Chartered AL'LI)Linlants of Scotland, which 15 one ot the listed bodie$. I liuve ¢omplLILd Iny exaniinalion. I coiifinn Ilial no mullcrs huv¢ Come lo iny &it¥iition iii voi1i)LLli()11 willi the exaniination givin8 me caiise lo believe.. a¢cL)unlingT records wei'e not kept in respect ot. the Company requireil by Section 38CI of the 2006 Act. or th¢ alcoiinls do not accord with th()SL reLI)rds', or the aL¢aiiiils do iiot ¢()mply witli Ihc acLountin8 r¢4iiirLineiil8 of Siclioii 396 of Ihc 2006 Act oihur than any r¥qiiiremLnl Ihdt the aLLuunls give a truL' 1nd fair viLw which is not 11 mthtter considLred as pl of tLn independL'nt eXLimiiialii)n', or the aLC()Ullts havL ii()I been preparcd in accordance with Ihc mLihods Emd priiiciples of the Sthi¢menl of ReLoinni¥iiLl¥d Pi'aLtiiL flir uLLI)Ilii1iii¥ UllLI I'cp(irtiiiu l)y Lharilies (IipiiliLdbl¢' lo iliarilici preparii)g their aL'Loiinls in ¢l¢Lordaiice with the Fiiianiial Reporting Slaiidard appli¢iible iii the IJK aiid Republic ot Ireland (FRS 102)). L l)ave Iio Loiiceriis and l)£1V¢ come ttLI'oss iio otlier niallers ii) coi)iieclion willi the exAiniiialion lo whi¢l) allenlioii shoiild be drRwn in this report in order to enable a proper iinderslanding of Ihc acLoLinib to be rLach¢d. Dr Shoncl F W¢vdrop C.A. The In8litute of C,hartcred Accaunlants of Scotland Cliariol House Liiniled Chartered Accouiitaiils 44 Grand Parudc Brisliloii Ellst Siissex BN2 9QA 02L Page 7
THE PHOENIX ARTS_ASSOCIATIOIN LIIllTED STATEMENT OF FINANCL4L ACTIVITIES FOR THE YEAR E_NDED 31 DECEMBER 2023 2023 Total fiinds 2022 Total tunds Unreslrict¢d funds Designaled funds Restricted funds INCOME AND ENDoNV1ENTs FROM Donations and Icga¢ies 2.534 63,842 67,605 ChArltable Actlvltles Evcnl.%, Exhibitions and Food & Bar Siudios & Rooin Hire Courses OIYILL. aiid F•iiiunL 11,845 ?93,418 110,501 2,595 11,845 293,418 10,501 2,595 16,255 282,()33 83,187 8?3 Uther Ir&ding activitiL$ InvL'simenl iiiconie Othcr incomu 19,525 452 1,250 19,525 452 1,250 20,0011 4() 10,972 Total 44? 120 505,962 481,521 EXPENDITURE OIY Ch#rltablLI #Ctlvltles Eveiils, Exhibitions ]d Food & 43,.345 30,-317 89,861 137.299 139,4?5 Studios & Room Hire Courses Ollice and [11)UnlU Buildi1)¥ Mll iiileiiTillLe 57,29.1 -31,282 70,537 220,419 30,317 89,861 201,621) 163,978 64,321 24,553 Total 440,247 24,553 64,321 529,121 512,642 NET IIYCOME/(EXPF.NDITURF.) 1,873 (24,553) (479) (23,159) (31,121 } RECONCILIATION OV Total fiinds broiighi fonvard 446,247 77,590 20,477 544,314 575,435 TOTAL FUNDS CARRIED FORW'ARD 448,120 53,037 19,998 521,155 544,314 The iioles form part of these financial statements Page 8
THE PHOEPYIX ARTS ASSOCL4TION' LIMITED REGISTE_RED NUfvIBER: 03136932J BALANCE SHEET 31 DECEMBER 2023 2023 Tolal funds 2022 Total nds UnreslriLled fiinds Designated fiinds Restricted fiinds Notes FIXED ASSETS Tangible assets 12 388,277 388,277 394.370 CURRENT ASSETS Dcbiors Casli ul bank and in hand 13 25,987 170,416 36,587 225,766 53,037 20,000 123,366 53,037 20,000 196,403 26?,353 CIIEDIT()IIS Ainoiiiils lulliiigi diie within one year 14 {63,525) {fi3,525) ( I IIIS,943) LYL'I. CURRENT ASSETS 59,1141 53,037 20,000 132,8711 153,410 TOTAI, ASSETS I.F.,SS CURRENT LIABILITIEI S 448,118 53,037 20,000 521,155 547.7110 CREDITC)11S AI)IULlllts lalliii¥ diic after m()re thali i)l)L yL411' 15 13,4661 NET ASSETS 448,118 53,037 20,llnn 521,155 544.314 17 Unre%tt'iLled tliiids RL%lricled fund. 501,155 21),ono 523,1137 20,477 TI)TAL FUNDS 521,155 544,314 The cliarilablc conipaiiy is enliilLd to exemption from audit uiider Sc¢iion 477 of tlic Companics Act 200() for Ilic year endcd 31 De¢¢mbcr 2023. The members have not ruquired the company lo obtain ai) aiidil of iti tinancial statements tor the year ended 31 De¢LmbL'r 2023 in ucLord£in¢¢ with S¢Llioi) 47() ofdic Coinpanic8 ALt 2006. ThL Iru8lees <ickn()wledge their respon8ibilitlLS for (a) ensLiring that the charitable coinpat)y keeps accounting records that comply with Sections 386 and 387 of the C.umpanies ALt 2006 and preparing fiiiancial slatem¢nls whi¢h give a tru¢ and fair view of tli¢ state of affairs of the cliarilable company as .71 thc end of each financial year <1nd of ils surplus or deficit for ¢'ach financial yecir in accordance with the requireinents of SeLlion.s 394 and 395 and whilh vihcnvilc iomply w'ith the reciuiremenls of Ihc Companies Act 2006 relating lo financial slal¢ments, so far &s applicable lo the charitable company. (b) The notes fonn part of these financial stateinents Page 9 continued...
THE PHOENIX ARTS ASSOCL4TIOLN LIAMITEDLREGISTERED NUMBER: 03136932 BALANCE SHEET- contlnued 31 DECF.MBER 2023 These tinanLial statements have been prepared in accordance with the priivisions applicable to charitable companies subj¢ct to tlie small ¢oinpani¢s r¢gime. The financial stateme were approved by the Board of Tni.qtees and aiiihorised for issue and were signed oli ils behalf by.. on Mr A G Murray- Trnsl The notes fomi part of these financial statements Page 10
THE PHOENIX ARTS ASSOCIATIOli LIMITED CASH FLOW STATEMENT FOR THF YEA_R ENDED 31 DECEMBER 2023 2023 2022 Notes Cash floTrv$ from operating activltles Cash geiieraled trom OPLratiuns {55,802} (22,343) Net cash used in operating activities 155,802) {2?,343) Cash floivs from investlng nctlvities Enlere8t I'eceived 452 46 Net ea4h provided by investing activities 452 46 ChunkWL In ¢a14h and Lnsh equlvulenty In th¢T rcpi)rting pLrli>d Cash und cush equli'ulents At the begliinlng uf th¥ repvrtlng perli)(I {55,3511) {2? ?971 !25,766 248,063 CAsh &nd L&sh equlvlllents at the end or the reportln&' perlod 170,416 225.766 The notes fomi part of these financial statements Pagell
THE PHOENIX ARTS ASSOCL4TION LIMITED NOTES TO THE CASH FLOW STATEMEpir FOR THE YEAR ENDED 31 DECEMBER 2023 RECOJCILIATION OF NET EXPED1TUR TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net expenditure for the reportlng p¢rlod (#% per th¢ St4tement of Finant'ial Activities) Adjustments for: Depreciaiion cliarges Intcresl rLc¥ived DcLreuse in debi(Ir Decrease in ¢reditors (23,1591 (31,121) 6,093 6,457 {46) 4,241 {1,8741 l O,()00 148,11841 Net c&sh used In operatlons (55,802) 122,343) ANALYSIS OV CHANGES IN NET FUNDS Ai 111123 C'ash flow Ai 31112123 Net cayh Ca%li al b£iiik and in hund (55,3501 1711,416 25.766 (55,3501 170,416 Debt D¢bis fc111ing diie within l yLar DL.bis lalliiig diio uft¢r l y¢or 126,898) 13,466) 22,490 3,466 {4,408) 30.3641 25,956 (4,4081 Total 195,402 (29,3941 166,008 The notes form part of these fmancial stateinents Page 12
THE P_H_OE_NIX AR_TS ASSOCIATION LILlITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basis of preparing the financlal statements Thc finanLial slaletn¢nts of th¥ charit(iblc coinpany, which is a piibliL ben¢fil entity under FRS 102. havc bccn pr¢pared iii accordaiice with the Charities SORP {FRS 102} 'A¢counling and Reporting by Charities: Sialement of Recommcndcd PracliLe uppli¢ablc lo chc1rities prcparing thcir iiccounls in ac¢orddnc¢ with thc Financial Reporting Siundard applicable in Ihe UK aiid Republic of Irelanil (FRS 1021 (elleclive l January ?019)', Financial Reportiiig Sidiidttrd 102 'The Fiiiancial Reportiiig Siaiiddrd appli¢ablc in the UK and Republic of Ireltsiid, and Ilic Coiiipanies Act 2006. Tlie finai)¢ial sliilcnicnl$ huve been prepur¢d under Ihe hisi()riL(Il L()81 conveiition. The Tni.qlees coiisider tl)al there are no muterial iiiicertaiiilies aboLiI ilie charity's ability to continue as a gvoing LunLcrn. Income All iiiLonic 1.8 recognised in Ilic Sialeimtynl of Finaiicial Activilics 01)CL th¢ charity lias eiiliilenieiit lo the funds, il is probable that the income will bc received und th¥ tunount Can bb mcasured reliably. Expendlture Liabiliiies arc rccogiii8ed a.q expeiiditure as soon a.q Il)ere is a Icgal or coiistructive obligation coiniMilling the ¢harily IL) Iliiil expLndilure, il is probuble that u tl'£instei' of cL()nL)Inic bLllLfils will bc r¥Liuired in SLltILmcnt thnd Il)e dmouiil uf IliL oblig1471ioii Lun bL lliLaSUI'Ld rcliably. ExpciidiluiL' j¥ a¥L(iuiiled fur 011 &ii uL¢i'ual4 bu4is and lia5 beeii ¢lai4ified iiiider heading% Ilial aggregjale all co%1 reldled lo IhL' category. Where costs caiiiiol be directly utlrihiilL'd lu purti¥ulur hL'udings they li£ive bLLn ulloLai¢d to acliviliL5 011 a ba8is LullblblLnl will) IIIC usc or resources. Tttnglble flxod Assets LpfL'Liiltion is providL'd al Iliu tollowing annLI(Il raley in urd¢'r to write oly each ds%et over ils L'stiinuled useful life, Freeliold propety Equipment Slraiglil liiie over 50 ycars 25Q/u un r¢diicing balance The charity not capitali&¢ itcms cosliii¥ les5 thun £1,000, The Inislceb havc made the decision lo depreciate the eslinialed CONI of the bliilding, £250.000, over 50 years fri)n) l 51 JanLl¢iry 2112 Taxatlon ThL Charity 1$ con.sidered lo pass the test8 set oiil iii Paragraph I Scliedule 6 Fiiiance Aci 2010 aiid therefore it Incels the dL.finilion of u Lhdritiibl¥ Lumpany tor UK Cory)()ralion Tax pLirpobLS. ALLordingly thc C'harity is potentially exempt from laxalion in resp¢¢i of income or capital gdins reccived wiiliin categori¢5 covered by Chaptcr 3 Part I I Cotporation T¢LX Act 2010 or Section 2.56 ot the 'faxalion of ChargL'ablc Gains Act 1992, to the extent that such in¢oinc or gains are applied exclusively to charitabl¥ purposes. Fund accounting UleStriCt0d fuiids are avail<ible for use at the discrction of the trustee) in furtherance of the general objectives of the charity. R¥btrictcd tundb lan only b¢ ilbed for particular restriLled purposes wiihin Ilic objects ol. Ilie charity. Restrictions arise when speLifi¢d by the donor or when funds are raiseit for a particul restricted putvose. Pension costs And other post-retirement benefits The charitablc L(Impany operates a delined contribution pension suheine. Contributions payable to the charitable ompany's pension scheme are charged to the Statement of Financial ALlivilies in the period lo which they relate. Page 13 continued...
THE PHOEINIX ARTS ASSOCIATION LIMITED NOTES TO THE FINALYC.IAL_&TATE_MEf*TS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 DONATIONS AND LEGACIES 2023 2022 Donations Graiil 531 65,845 301 67,304 66,376 67,605 Grants received, included in tlic above, are as follows.. 2023 2022 Briglitoii und Hove City C()IinLil Chalk Tnisl Arts C.c>iinLil - AcLL%%ibility Arts C()Lin¢il - L'omnilinily Takcover SiissLx PoliLe University of Briglilon Arts C'oiincil CiiliiirL Recovery Fund Art CliiblPris()r)s & Prc)butiun Siisscx Ptirliiership NFIS Fuiiiidation Trust Iniliisivily DevelopniLllt ProjLLI Arts Coiincil Br¢akiiig the Cycle l Alberta Whitile The Arts Sviicly A Woin(11)'s Place Project CIC ProjeLI Art W(Irks 2023 Souil) Ea%t Daiice The Tnist tor Developiiig Comniiinilies 7,350 2.000 895 900 350 9.075 17,334 5.000 17.450 4,8?5 311,350 3,0011 2,000 24,020 100 500 65,845 67,304 OI'HER TRADING ACTIVITIES 2023 2022 Car Parking 19,525 20,000 IIYVESTMENT II%COML 2022 Deposit account int¢re¥l 452 46 Page 14 continued...
THE PHOENIX.AR_TS ASSOCL4TION LII¥IITED NOTES TO THE FIINAN.CLIL STATE_MENTS - continued FOR_THE YEAR ENDED 31 DECEMBER 2023 INCOME FROM CHARITABLE ACTIVITIES Events, E-xhibitioiis and food &Bar Studios & Rootn Hire Cours¢s Siiidio InLonie Workspace hire Ci)IirsL. fees Events, exhibitions and food & bar Officu nd fincillLL 245.638 36,325 8.335 110.351 1,197 2,313 11.455 150 11,845 2()3,418 110,501 2023 2022 Office aiid FindnL¢ Total aLtivities Total a¢tivilies Studio IncomL Wi)rk.%paLL Iiire CoLir4e tees EvLnl%, exhibilioi).8 und food & biir Oftice and fiiithn¢¢ 24.f,638 44,C)60 110.351 1,197 16,513 233,647 61,964 113,187 2,1174 2,026 2,595 2,595 418,359 382,898 CIIARITABLE ACTIVITIES COSTS Support Cobls (see nol¢ 7) Costs Tolals EvLnis', Exliibilioii¥ uiid Food & Bar Sttidio% & Room Hire C.oiirsLS Ofli¢¢ and Finance Biiilding MainlentmLe 43,345 30,317 89,861 201.C?20 163,978 30.317 8(),8(?1 64,317 137,303 191,818 137,303 529,121 Office and Fini£ n¢c Direcl Colts relate lo all rebtricted fund expenditiirL across the ¢haritable activities. SLe nolL 17 for tiind brLakdown. Page 15 continued...
THE PHOENIX ARTS ASSOCLITION LINIITED NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 DECELWIBER 2023 SUPPORT COSTS Governance costs Mai)agement Totals Office and Finance 133,516 3,787 137,303 Support CO.81s, iiiclLided in th¢ above, ¢ as follows.. 2()22 OtTi¢e and Finaiice Total activities Wuge. Social secLirity PL'nNion4 Adverli%iiiB DirLLI C()sts nperaliiig costs Accounlaiicy und lesal fles 95,099 6,562 2,3611 2,508 94,787 5,197 6,129 26,979 3,787 34.695 4,483 137,303 147,265 NLT INcolE1(XPEND1TuRE) N¢1 in¢uniLI{expendiliire) 1% %tutLd uftir Lliarging/(LrLdilingl'. 202.3 2022 D¥preciatioii - owncd 41ssets li)d¥pLiid¢iii ExamiiiLr 6,0()3 2,800 6,457 2,800 TRUSTEES, RF,MUNERATION ALND BELYEFITS Diiring the year, the ¢harity paid Nvo of the artist Inislee% a total ot. £ 28 (2022.. £770) tor invigilation and Course tuti)r fees. Trustees, expense5 ThLrc w¢rc ni) Inislves, expenscs paid for the year ended 31 December 2023 nor for the yLar ended 31 Dec¢mbcr 2022. Pdge 16 continued...
THE PHOENIX ARTS ASSOCL4TIOII LIMITED OTES TO THE F!LYALY¢IAL_STATELIIETrITS . continued FOR THE YEAR ENDED I DECEMBER 2023 io. STAFF COSTS 2023 2022 Wages and Sdlarics SoLial scLurily cost8 Oihci. p¢nsioii ¢os15 211,998 11.152 4.245 198,013 9,95? 3,766 227,395 211,731 ThL total rLmLincraliLin paid lo k¢y managLm¥nt p¢rsonn¥l durin¥ the >¢<1r was £164.753 (2022.. £159,444). The average moiiihly number of employees during the Ye( was as Folli)WS', 2023 2022 No employeL's received einoluniciils in excess ot £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslribted Di%ignated lunds runds RLStriLled funds Totlll fLind.8 INCOIWIE ALID ENDOWMENTS FROM Donations and legaLies 17,335 50,270 67,605 CharStAble actlvltfjes Evinls, Exhibilioi)¥ aiid Food & Bar Studii)s & Room Hire C.()ursL% Oflice &iid Finonce 16,255 282,033 83,187 823 16,255 282.633 83.187 823 Oilier IradiiigT activities Inv¥stm¥nt inLom¢ Oili¢r inc()ImL 20,000 46 10,972 20,000 46 10,972 Total 431.251 50,270 481,521 EXPF.NDITURF. ON Churltuble actlvltles EvLnlb, Lxl)il?ilionb and Food & Bar SMdio.8 & Room Hire CoursLS Ofticc aiid Finai)¢e Buildin¥ Maintenance 57,293 31,282 70,537 147,263 113,915 57,293 31,282 70,5.17 220.419 73,156 19,196 TotAI 420,290 19,196 73,156 512,642 NET INCOMEI(EXPENDITURE) 10,961 (19,196) (22,886) {31,1211 RECONCILIATIOIN OF FUNDS Total funds brought fonvard 435,288 96,785 43,362 575,435 Page 17 continued...
THE PHOENIX ARTS ASSOCIATION LIMITED r40TES TO THE FINANCIAL STATEMENTS- contlnued_ FOR THE YEAR ENDED 31 DECEMBER 2023 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AC'TIVITIES - continued Unrestri¢t¥d l)¢signattd Restriuied tuiids tiinds tuiids Total tiinds TOTAL FUND.S CARRIED FORWARD 446,249 77,589 20.476 544,314 12. TANGIBLE FIXED ASSETS F.reeliold propety Equipment Totals COST Ai l Junuury ?023 und 31 DLULniber 2023 400,OQQ 43,908 443,908 DEPRECIATION Al l Jaiiuary 2U?.I Cliurge foi. yer 10,000 5,000 3¢),5311 1,093 49,538 6,093 Al 31 Deceinb¢r 2023 15,1100 411,631 55,631 NET BOOK VALUE Ai 31 December 2023 185,000 3,277 3f18,277 Al 31 Dcccmbcr 2022 190,000 4,370 394,370 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 TradL debiors Other debtors Pr¢pdyin¢nls and ULLnied iiio()me 1.1,821 575 1,591 12.512 24,075 25 £)87 36,587 Page 18 ontinued...
THE PHOENIX ARTS ASSOCIATION LIMITED NOTES TO_T.HE fiNANCiAL STATEMENTS - continued FOR THE YEARENDED 31 DECEMBER 2023 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Bank loans and overdrafts (see note 16) Tr&de croditors Social security aiid other taxes Other iredilor.4 Refundable deposits held InLomc in advanL¢ AcLrued expenqes 4,408 2,614 26,898 7,069 2,759 29,449 7,506 16,789 28,696 12,-355 8,497 63,525 108,943 Is. CRF.DII'ORS: AMOUiYTS FALLING DUE AFTER MORE TTrIAN ONE YEAR 2023 9022 Bui)k Io(Ins l.%ee note 16) 3,466 16. LOANS An aiialysiy Ot Ilie Inaturity ot loaiis is given below.. 2023 2022 Aiiii)Iinl4 lalling due within one year on denignd.. Bal Iuillls 4,4051 ?6,898 Anioiiiil.g falling diie betwee11 two and five years: Bank Ii)uns - 2-5 years 3.466 17. MOVEMENT ILI FUNDS Nlt m()vcmei)t in flind.8 Al 31112123 111 111123 Unre8trl¢ted fund$ Gcneral tuiid DesIlated Fuiid - Planned Maintenance 446,247 77,590 1.871 (24,553) 448,118 53,037 523,¥37 Restrlcted funds BHCC G&G Kingswood Millner project ACE A¢ces5ibility Arts ClublPr159n & Probations Inclusivity Development Project Communities & Conversations Cost of Living Filin Projcct (22,682) 501,155 2,483 4,714 6,066 2,389 4,825 2,4113 3,593 4,338 2,771 (1,121) {1,728) 382 (4,825) 651 6,164 651 6,164 20,477 {477) 20,OOQ TOTAL FUNDS 444,314 {23,1591 521,155 Page 19 continued...
THE PHOENIX ARTS ASSOCIATIOIN LIMITED NOTES TO THE FINANCIAL STATEMENTS - contillued FOR THE YEAR ELYDED 31 DECEIIIBER 2023 17. MOVEMENT IN FUNDS- eontinued Nel movemeni in funds, included in the above are as follows: Incoming re8ources Resources expended Movem¢nl in funds Unrestrlcted funds GciiLral fui)Ll Desigi)&led Fund- Pl]ned Maintenance 442,120 {44Q,2491 124,5531 1.871 {24,553) 442,120 (464,8021 {22,682) Ilestrl¢ted funds Kiiig%wood Milliier project ACE ALLegsibility Arts C.lub/Pris(In,4 & Probaiioiis InLliisivity D¢vilopTlIL'nl Pi'ojcLI Coiiiniunilie8 & Convursalions Cost of Liviiig Film Proj¢L't BHC.C. C:ommuiiilies Fuiid Pi'oject Arl Workh 2023 11.121) (1,728} 382 {4.1125) 651 6,164 (1,7281 {17.067} (4.8251 (6,148} 12,4111 17.onn I {24,0191 17.449 6,799 8,575 7,000 24,019 03,1142 (64,3191 (4771 TOTAL FUNDS 505,962 (529,1211 123,1591 Comparlltlves for movement Sn funds Net InL)VLIIILnl ii) fundts Ai 31112122 Ilt 111122 Unrestrlcted fundy Gci)¥i'dl tuiid DL'%i¥iiutLd Fiind - Plai)iied MiiintLnun¢e 435,288 911,785 101)59 (19,1951 446,247 77,590 i32,073 Restrlcted funds BHCC CJ&G Kii)8,8wood Millii¢r pi'oje¢l AC E ALces5ibility Arts ClublPrisons & Probations Poslcode Lottery su.ssix Con)munily Fouiidalioi) Inclusivity Development ProJ¢¢l (8.236) 523,837 2,483 4,714 5,976 12,980 12,905 4,304 2.483 4,714 6,066 2.389 90 110,5911 (12,905) (4,304) 4,825 4,825 43,362 (22,885) 20,477 TOTAL FUNDS 575,435 {31,121} 544,314 Page 20 continLied...
THE PHOENIX ARTS ASSOCL4TION LIMITED Tr40TES TO THE FINANcL STATEMENTS - continued FOR THE YEAR ENDED 31 DECETrIBER 2023 17. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included iii the above are as folloivs.. IILuining resoiirces ResourLes expeiided Movement in fiinds Unrestrlcted funds Geii¢riil fuiid Desigiialed Fid - Planned Maintenance 431,251 1420 ?92) 119,1951 10,959 (19,195) 431,251 (439,487 } {8,236) Re%triLted funds ACE Acce8sibility AC'F. Li)Ini))unity T<ikeover Arts ClublPri8011.5 & Pr(Ibalions Po8iLudL LottLry Suqsex Coniniunily Foiindalioii Inclusivity DLvelopmciil Project Aits C'.c)unLil - Breakiiig IhL C.yLlu l Albeflil Whittle 895 1805) 11,2110) 115,591) (12,905) (4,304) 90 5,000 (10,591) (12,905) 14,304) 4,8?5 4,825 311,350 (38,3501 50,270 173,155) (22,885 } TOTAL FUNDS 481,521 {512,642 } {31,121) ReslriLled flind5 cll'L givcn l(} IIIL Lh¥qrily f()r speuifiL. lini¢. boiind pri)jeils and Lannol be splnl on oili¥f clLtiviliLS. Th¥sL pr(ijii15 gTrLuily coiilribul¥ lo 111¥ 8()LiuI iinpuLI of our rolc aiid r¢%poiisibilily lo our Loiiiii)uniliLS Kiiid widcr ot olir work iii IhL urts beLlor supportin8 Eirtislb. Iii 811 ot IhesL rLstt'iLl¢d fuiids, Pho¥iiix aitibls g<iill P<iid fi'iiluii¢c w()rk lo dLlivLr projcctq Ih¥reby %LlPP(?rting Ilicm as seif-¢nipl(iyed w()I'ker4 us WLII givin¥ th¥m wider experience ot woi'kiiig within coit)mLiiiilie$. Brighton and Hove City Coiincil lias ftinded lis to work witli Ili¢ resideiils on the Phoenix Estate lo renovate the Ball Park. Phocnix has al¥u rcc¢ivcd fiinding lo wvrk with ovcrlookLd counLiI estAles incliiijing Kingswuod and MiliiLr IL) lielp regcncraic IhL arLa via a slrcL'I art project, Thc AccLssibilily tiind is siippi)rtLd by Arts Colincil of Englllnd tli enable bcttcr access provision al Phoenix Art SpdcL' The Arts c.liib I Pri.4niii Iiiicl Probation.% is a partiiei'4hip pri)je¢l between Siiqsex Pdrtnersliip NHS FoiindELtioii Tnisl, Su.gs¢x l)i'obalioii ui)d Phi)cnix Arl SpacL, iiiilialLd by Ili¢ SIisbCX Cliiruii.. InlLli%iVe IiilcrvLiilii)ii aiid Ribk Manag¢meiil Service IIIRMSI. The project aims to conlribllte to positive oulconie% for parlicipanls IhroLigh imi)rovcd PSyLhologi¢al health, wellbeing. coinmlinity integration and development of pro-social behaviour and relationships. PhoL'nix recLiv¢d fiinding in relation to our Inclusivity Deve0pment ltrrojcct which allows LIS to conliniie workiiig with diverse commuiiilies through our engagenienl progran1m. Communities and Coiiversatioiis is a multi-partnership ndIng lo deliver a number of our Lommunity engagement proje¢ls The Cost ot. Liviiig Film project was part of the University of Brighion's Ignite (2022123) ¢ommunity-iinkversity parth¢rship programme. which is funded linder th¢ Arts and Hum1< nilies ResearL'h Coiincil's ImpaLI Acceleration Accoullt. The film A Ditliciilt Place was filmed in Brighton by tilmmaker Jolin Edwards ]d artist and researcher at Universily of Brighton Kaly Beinart in partnership and collaboraiion with Phoenix Food Shop and Phoenix Arts Space. Page21 continued...
THE PHOENIX ARTS ASSOCL4TIOF4 LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 DECEMBER 2023 17. M()VEMENT FUNDS - continued Tlie BHCC Communities Fund supported two family workshop ses.8ions at Phoenix Art Space for cliildren aged 5yrs+ to eiijoy being creative together with their parents / carers. one Artist-led Family Workshop <71 Phoenix Con)niunily Centre in tl)e bcbruary half t¢rm s¢lio()I h(Iliday oli¢ freL pla¢e was allocated lo a local ¢hild from a I0._1cOn}e household three sessioi)s Creative Drop In Sessions toi. Older Residents (aged 50yrs+l,' three sets (If Family Art PaLks and dislribiiled lo loLal fa. Inilies via tlie Plio¢nix Fiiod Shup, Project Art Works aiid Phoenix Art Space presented the process of three ¢m¢rgiiig neurodivergeiii artists in the exhibilion'LuLy, Jack, Gabby, 18. RELATF.D PARTY DISCLOSURES There were no related party transaLlions fur the yellr ended 31 De¢embL'r 2023. Page 22