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
TATE￿LFoR 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<ilions of the 2021
CJovLn)aiice RcviLw ihrougli Cxlinsivc coiisiilialioi) willi OLir niLIMbLrsliii).This will eiisurc Ihal Ihe ¢li¢irily is nior¢ robust
tor gLiiding the or8allibalioii forw'ard, muna8iiig chui)8c aiid dcv¢lopiiig Ihc ncxl Busii)¢tss Plan. WL rcciuiled lor uiid
wLILiiined l()ur new Truqlec8 to Ihe board Ihit> yeur, und ure loc)king lu fui'tlier dLvclup the div¢rsily ()f our Bo(Ird in
2Q24.
In shapin¥ our ohjectives tor tlie year and plai)IlillLI OLir a¢livitics, ¢lio Tni%t¢¢s liavc Loll8id¢rcd tli¢ C,liari(y Comniissioi)'s
811id6llllL on pLibliL benLfit, inLliiding Ihc giiidance on Pliblic benefit and fLe Lh.Irging.
Phoenix r¥lies oil Ili¢ iiicoii)e fr()iii siudio rci)luls and ediicutioiial activities Ill Lover operating ¢osts and to ¢ontribule 10
the art cxhibilion pi'ogramine and crcaliv¢ aClivitiLs free to the public. Howevcr, in setting the rent Icvcls aiid course
L,hurges the board ¥ivcs Lar¢ful Li)ii$id¢ralion lo th¢ aftordabilily of the .s¢rvices Plioei)ix providcs, In Icmib of sludio
rents (iii alyordsible rent l¢v¢l has been assess¢d ag&in.41 the current comparable market and the Phoenix rent level is in
lin¢ willi this.
Page I

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 <ind communi¢£ltion} contiiiuc to have a sludii) on IhL grolind tloor at
PI)OLlliX. C)ur wuiliii¥ list und Lall for appliLalions is ¥uri'eiiily paubcd wliilsl we rLview our uppli¢aliun proL¢S¥.
SILidio ImLinl)Lr% rLLeivL LI WQL'kly new4 letlcr via emuil, an 'open dool sy%lL'm is iij pluLe in Ilie olYILe for members. at>
are l.. I Iiieeliiigs with the Execiilive DireLlor.
HirLI Spllce
PIi(ILI)ix pruvidL% a livcly aiid WLIL()Imii)S 'PclLL ili a LfL¢ilivL IILib. Mun> extenial org(Inisalioi)s liirL lh¢ r(?om% lor
mkneliiibi.8, worksli()ps or reliearsal8. Tlie Project SpaLe had a healiliy iiiimber of bookiiibiq diiriiigy 2023, will) niarkel ai)d
Lompelilor an<ilysis bLin¥ iindurtciken lo gaiigL oiir miirkL%l mle and Inill'kl'ting upportiinitics. Tliis hus r¢'siiltLd in
iii¢riasL iii bookiiigs lor 2Q24. WL IIOle Iliat J£iiiiiary and FLbniary represent very qui¢1 liines iii the calendar and are
luokiii¥ llt diltir¢nl wkiys lo generate incum¥ fruin the spaLL dliring thes¢ time%.
E¥hlbltlons
PIIo¥liiX has a largc niaii) SFallery, .8Ultabl¥ lor n)ojor exliibiliuiis aiid L'voiils, Ilie Wiiidow Gallcry aiid Ilie Project Space,
11 uii the gyround floor aiid ali ¢xperimL'ntdl exhibition SP¢ice, Gc211cry DOD( I wliich 15 ruli by Phoeiiix studio artlbl%. Oli
oLuasiuii IhLIL. IIIIVL bL'LlI loui. dillerenl ¢xliibilions 1)pciiiiig in Ilic builclii)g al OiiL linil, all fi'cc eiilry, pr()vidiiig tlic
Pliblic with a rich ¢ulttiral experieiice.
MAIN GALLERY
We pre%cnteLI 5 main exhibitiuns in thL' M&in Gullcry in 2023. Soni¢ w¢i't fLind¥d thruugh Aits CuunLil F,n¥land 8nd
otIILr Trusti and Foundaiion%, and some from our own iiicomc or iii partner4liip willi oiliLr orgaiiisalioi)s le.g. Brigliton
Fcstivall.
Project Ai'l W(Trrki and Phoenix Art SpuLe pres¢iited the process aiid works ot. three emerging neurodivergeiil Artists in
IIIL L'xliil)ilion 'Lii¢y, JIiLk, Cjcibby,.
Reuben B¢i%li¢nne Lewi% 'Par&icliiile'A solo exhibition, co-preseiited with Bi"igililyii Festival. cupturiii¥ ii)liniale portraits
uf pL'I)plc. pl£iLL% lind L'venl%. lurinin¥ a visiial iiiil(?lii()grapliy L'nlivLn¢.d by t"riLiids1iip, taniily, Loininiinily and Ii)VL.
Collcclive Convcrsatioii% RcsidLn¢y a pliiifonn for artist collL¢tivcs lo showcase, ¢xpcrimcnl, aiid play, usii)sy the space
s 11 ¥hgrL'LI L'xpIL)ritory stiidio, wurkshi>p ELnd event bPU¥L.
Cominiinily Tcik¥over 2027_ A Settl At Tlie Tablc gavc a voice lo tlie peopl¢ who wc have collaborated witli Ilirougl) our
projccts, PLeding our fainilies, lookiiig dtl¢r our iieighbuurs, and how ¢huT)gc Can afrfccl us dll were Lei)Iral Ihemcs
wiiliiii Iliis Lxhibitinn. Tliree prnj6Lls, SHIFT HAPPENS, the Plioenix Fo()cl Sliop purtnership aiid IhL filin A Dirricult
Place are fealiired in Ihi.q yeavs Community Takeover. A Difficiili PlaLe is louriiig locally and iialionally.
Are YOLI ll Woiniili In Auiliority ?Broken GrLy Wircb lind Pho¥iiix Arl Spu¢u prL.4¢1ItLd ¢xliibilion of work by artists
who explore einpow¢mient, gender, at)d conimiinity.Are You A Woman in Aiiihority,.
communicated the powerful
rhcloric behind key solial iSSLl¥'S'. mental illness, Ll¢1SS sttwggles, raLe, qiieernL'ss and feminist diycoiirse, and how thcse
inlLrsecl. It brought logLth¢r established, critically acclaim¢d artists and providls a plaltorni for emerging artists.
Press+Pl<iy Festival of Print 2023- a CLl¢bration ot contcmporary iThd traditiiinal printmaking, including 5¢reen printing
inocul, lithography, drypoint, Inoiiotype, ri50grapli, lett¢rprcsb and more took pl&ce over a weekciid in DeLL'mber with
523 people visiting aiid buyiiig works directly from artist printmakers. We lriiilled a £2 entrance free and found this to be
a SULLessful way of ratsiii¥ income from an event of Ihib type, and al this time ()fyear.
In Decembcr 2023 tlic charity Ainaze (that gives infonnalion, advice and SLlPPOrt to families with children and young
people with .4pe¢ial educational needs and disabilities in Brighton & Hove and East Sussex) held a weekend art
exhibition in the Main Gallery.
Page 2

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
profLSsion￿I 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£lnt￿gc￿.
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 Fo1￿M on joint initiatii'es, improving our local Lnvironmcnl and
introducing ncw audi¢iiLcs to tliL' t￿8. 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'all￿e 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 DI￿1LU]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 fin￿l¢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(} ￿'1￿h 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 LI￿IllTED
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
ENDoNV￿1ENTs 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 EXPE￿D1TUR￿ 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 LIL￿lITED
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
Ul￿eStriCt0d 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 INco￿lE1(￿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. ye￿r
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
DesI￿lated 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 FINANc￿L 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 Fi￿d - 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 Deve￿0pment 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￿._1￿cOn}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