REGISTERED COMPANY NUMBER: 03136932 (England and Wales)
REGISTERED CHARITY NUMBER: 105A551
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
THE PHOEJYIX ARTS ASSOCIATION LIMrrED
Chariot House Limited
Chartered Accountants
44 Grand Parade
Brighton
East Sussex
BN2 9QA

THE PHOENIX ARTS ASSOCIATION LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THI YEAR ENDED 31 DECEMBER 2024
PAge
Report of the Tru$tee8
Independent Examiner's Report
Statement of Fin#ll¢i41 AdA￿tIeS
Balance Sheet
Cash Flow Statement
12
Notes to the Cash Flow Statement
13
Notes to the Flnancial Statements
14 to 23

THE PHOENLY ARTS ASSOCIATION LIMITED
GISTERED NUMBER: 03136932
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees who are also directors of th¢ charity for the purposes of the Companies Act 2006, present their report with
the financial statements of the chatity for the year ended 31 December 2024. The trustees have adopted the provisions
of Accounting and Reporting by Cliarities.. Statement of R¢¢ommended Practic¢ applicable to cliarities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Repiiblic of Ireland (FRS 102)
(effective l January 2019).
OBJEcfivES AND ACTIVITIES
Objectives and aims
The Charity's objective and principal activities are:
l. The promotion of the arts, and
2. The advancement of public education in the appreciation, production and practiGe of the aTts, and
3. To r¢li¢ve poor artists by providing workspa¢¢ and studio facilities and by the pn)vision of advic¢ in artist
development seminars.
Slgnifi¢ant activities
Our ¢ommitment to actioning and promoting inclusion and diversity through the arts was fiirther developed thrOll￿ 5
key exhibitions in 2024 in our Main Gallery, and was also strongly represented in our Project Space prograrnm¢. All
exhibitions were open to the public and fre¢ to visit. Family workshops and events aliglled to the exhibition themes ran
throughout the 2024 programme. Phoenix is PToactive in encouraging new audiences and creating a truly welcoming.
safe and accessible ¢nvironmenl. Each year, ￿ part of the Phoenix Studio Award, we offer rent-free studio space to an
artist from an under-represented gmup and who experiences intersecting fonns of discrimination. In 2024 digital artist
Judith Ricketts was the recipient of the award, which included a solo exhibition in the Window Gallery in 2024.
Following extensive consultation in 2023, and in line with the recommendations from the 2021 Governance Review, we
have reviewed our Memorandum and Articles of Association, which includes a proposed chang¢ to our charitable
objects. This was fornially reviewed and approved by sp¢¢ial resoliition al an EGM in January 2025 and subsequently
approved by the Charity Commission in F¢bruary 2025. The n¢w charitable objects are..
'Tor the public benefit to promote the arts,. to promote equality and diversity in the arts. and to educate the public in the
production and the appreciation of the arts- in particular but Dot exclusively by providing exhibition and sMdio spaces
for em¢rging artists and those in necessitous circumstan¢¢s due to their age, race, gender, disability, sexual orientation
or financial hardship, particularly in the towns of Brighton and Hove, and in other areas of the South East of England.
We r¢¢ruit¢d for and welcomed one new Trustee to the board thts y￿, and are supporting a young individual to join
the board as a Trustee in 2025. Six Trustees resigned in 2024, having r¢ached the end of their of office. We are
looking to further develop the skills and diversity of our Board in 2025.
In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity
Commission's guidance on public benefit, including the guidance on public benefit and fee charging.
Phoenix relies on the income from studio rentals, community workspace hire and educational activities to cover
operating costs and to contribute to the art exhibition programme and creative activities free to the publi¢. However, in
setting the rent levels and course Charges the board gives careful consideration to the affordability of the services
Phoenix provid¢s. In tern]s of studio rents an affordable rent level has been assessed against tlie current comparable
mark¢t and the Phoenix rent level is in line with this.
Page I

THE PHOENIX ARTS ASSOCIATION LIMITED
GISTERED NUMBER: 03136932
REPORT OF THE TRUSTEES
FOR YEAR ENDED 31 DECEMBER 2024
ACHIEVEMENT AND PERFORMANC
Charitable aetivities
In 2024 Phoenix Art Space
Wel¢omed 19,987 visitors into the building, including 14.741 visitors lo our exhibitions
-we worked with 142 artists through our exhibition programme.1 I l artists benefited from having a sthdio. 2,862
people visited our Open Studios 2024.
- We hosted 2 annual Studio Awards in our studios.
- We ran 198 creative workshops and courses.
- 1,377 people partlcipated in our learning and communAty engagement pmgramme.
- 77 artists were paid to support our learning programme.
210 Art Packs were distributed to local families.
Affordable work space for tht arts
The artist studios in the building, over 100 Spaces, are always fully occupied and in 2024 we maintain a sizeable waiting
list of artists keen to join the talent¢d community of artists. We continiie to support recent graduates through a
patlnership with CASS Art and University of Brighton and through the Phoenix Studio Award we are able to off¢r &
fre¢ S￿di0 to one artist annually. We particularly welcome applications from artists who are n]arginalised or experience
intersecting forn)s of discriniination with the award allocated based on talent and ne¢d.The Rockets, (an inclusive group
of visual and performance artists who challenge barriers around art, diversity, learning and communkcation) continue to
have a s￿di0 on the ground floor at Phoenix. Oiw waiting list and call for applications remained paused in 2024
whilst we review our application processing in light of our proposed changes to our charitable objects.
Sthdio members receive a weekly news letter via ¢nthil, all 'open doov system is in pla¢¢ in the office for members, as
are I:1 meetings witb the Executive Director, and meetings as a larger group.
Hire Space
Phoenix provides a lively and welcoming spac¢. Many external organisations hiie the rooms for meetings, and
workshops. Our Project Space has been host to many exbibtions in 2024, on a hire basis. We note that January and
Febnwy remain quiet and are looking at different ways to generate income from th¢ spa¢e during tbese times. Our
workshop spaces were busy in 2024, both with our own workshops and as booked spaces. We have been fundraising to
support upgrade of our White Room in particular to create a more inviting spa¢e, and encourage more bookings.
Exhibitions
Phoenix has a large nthin gallery, suitsble for Major exhibitions and events, plu8 the Window Gallery and the Project
Space, all on the ground floor and an experimental exliibition space, Gallery DODO, which is run by Phoenix Studio
artists. On o¢easion there have been four different exhibitions opening in the building at one time, all free ¢nty,
providing the publi¢ with a rich cultural experienc¢.
kIN GALLERY
In 2024, we presented five main exhibitions in the Main Gallery and hosted a Winter Residency in January IFebruary
2024. This residency provided a time-limited, larger, wami space to artists selected through an open call.
2 March - 14 April 2024: H A R D P A P E R. The third in a series of exhibitions at Phoenix Art Space that
highlight work by contemporary abstract painters.
4 May - 30 June: Ooze Machin¢s was a solo exhibition by award winning visual artist and quantLtm physicisL Dr Libby
H¢aney featuring an immersive multi-¢hannel video, new glass and 2D works and a playable experience. Co- presented
by Brighton Festival and Phoenix Art Spa¢e.
3 July - 22 September 2024.. Swan Song: sing her to me. A solo eKhibition by Remi Rana Allen of textile sculptures,
collage arnd film addresses the impact of colonialism, migration and patriarchy.
5 October - 17 Novernber: CommoThGround. The biem]i&l. open-platforni photography festival Photo Fringe Tettmied
for ils eleventh edition. The Collectives Hub at Phoenix Art Space has consistently fonned one of Photo Fringe's most
visible, visited and critically acclaimed exhibitions. Funded by Arts Council Ellgland.
Page 2

THE PHOENIX ARTS ASSOCIATION LIMITED
GISTERED NUMBER: 03136932
REPORT OF THE TRUSTEKS
VOR THE YEAR ENDED 31 DECEMBER 2024
23 November - l D¢G¢mber 2024: Youth Takeover -YourSpace to Make. A creative programme led by alid for young
people aged 13-25 y¢ars. Young people took over our Main Gallery and transfornied tlie gallery space and windows
with their own artwork. The space was activated by creative activities, workshops and events, including through
partnerships with Brighton Youth Centre and Lighthouse Future CTeativ¢ Leaders.
7 & 8 December 2024., The inaugural Brighton Art Book Fair. This tabletop fair broiight a diverse and dynamic mix of
some of tbe best international artists, book publishers to audiences in Brighton.
Some exhibtions were funded through Arts Council England and other Tn￿ts and Foundations, and some from our own
in¢om¢ or in partnership with other Orgi￿lSatiOns (e.g Brighton Festival and Pholofringe).
PROJECT SPACE EXHIBITIONS
OLW Project Space is available to hire for exhibitions and events tbroughout the year. In 2024 this included .
Events and workshops with Lighthouse, Outside In, MET and the NHS & Probation Seryice (The Art Sthdio) . We
hosted an exhibition by University of Brighton Freelands Fellow Michael CLar¢nGe, and supported many mor¢ artists
and groups by providing exhibtion space for hire.
In 2024 we once again programmed the Platform Gradiiate Award, in the Project Space. A CVAN SE (Contemporary
Visual Arts Network South East) itiitiative it brings together HE fine art recent graduates with arts organisatio1￿ in their
region for an exhlbition. In 2024 (in a ¢hallg¢ from previous years) one exhibitor from each participating institution
w¢nt on to win £500 each, and the group r¢c¢ived a mentoring session with the directors or curators from each of the
participating inSti￿tIOns.
WINDOW GALLERY
Throughout the year, Sthdio artists ar¢ given an opportunity to propose an exhibition for the Window Gallery. which is
supported by the Exhibitions team. In 2024, six t￿tists, including one Studio Awardee, pres¢nt¢d work in the Window
Gallery. We also trialled the Window Gallery as a hire option for the wider arts community at two points diwing the
year.
GALLERY DODO
An artist-led ¢xhibition space situated on the south stainvay of the building, which offers an opportunity for artists to
ollaborate together in an experimental way. Visitors Pre-book a free timed slot for their visit wh¢n ¢xhibition5 are on.
One artist from the Winter Residency has gone on to work with us in a freelance Gapacity as Front of House staff,
enabling them to gain employment and develop their CV, alongside networking oppor￿nitIeS wTth the staff team and
skndio members at Phoenix.
Edueatfion, Engagement and Learning
Phoenix has a vibrant and inclusive learning programme which offers many free art activities associated with the
year-round programm¢ of ¢xhibitions. Our course fees are se¢ in line with similar offerings and kept at an affordable
level foi the general public on limited means. In the p￿t, we have been able to support free packages for some of our
local community. However, the ￿nding landscape has proven exceptionally challengin& and we have b¢en unable to
offer free places this year.
Our creative course8 for adults are taught by professional artists and continue to b¢ well-subscribed, despite the
economic challenges. We are mindful to balance our economic needs as a clwity with affordability, 9nd keep a
watchful eye on both course and tutor fe¢s.
Page 3

THE PIIOENIX ARTS ASSOCIATION LIMITED
GISTERED NUMBER: 03136932
R￿PORT OF THE TRUSTEES
FOR YEAR ENDED 31 DECEMBER 2024
Our link with th¢ local ¢ommunity continues to flourish as we provide art packs for the fainilies in our neighbourhood,
and to engage with issues and social events. Through siiccessful funding bids Phoenix has provided many free creative
opportunities, including creative workshops for members of Olir local community who face multiple disadvantages. tn
2024, we continued to work Closely with our local community, older residents and families, for whom the cost of living
crisis remains especially Challenging. W¢ know that ¢reative activity can provide a huge benefit t(> wellbeing. We
continue to work with Hanover and Elm Grov¢ Conjmunities Forum on joint initiative$, impTovittg our local
environment and introducing new audiences to the arts. We work with the Phoenix Community Food Shop (fonnerly
Phoenix Food Bank), to Sort and deliver produce as w¢ll as providing art packs to families to hav¢ creative fiin together.
Phoenx Art Space is a partner in our Neighbourhood Action Plan
a cornmunity-led approach to improving and
developing Local &reas, focusing on specific issues and goals.
During each of the Main Gallery exhibitions, we held at least one free Family workshop, where visitors engaged with
themes or mrAteria]s in a hands-on creative way. Where thnding was in place we ran creative workshops with specifi
groups r¢lated to the exhibition themes. Increased competition for decreased funding nationally is impacting our
ability to d¢liv¢r &9 many workshops and activities as we have in previous years.
Over th¢ half term and for one week in the summer holidays, artists 'Leap then Look, ran creative art sessions for young
people, working tog¢ther on projects, learning to cooperate and experin]ent with new n￿terialS and tecljniques.
Our parthership with the Probation Service continued with The Art Studio(fornierly the Art Club), a weekly meeting
space for people on probatiots. The programme was established at Phoenix Art Space in the wake of the COVID-19
pandemic. It aims to improve m¢ntal health and reduce reoffending by providing participants with opportunities for
social connection, creative expression. and a sense of belonging witbin the arts conllnunily.
Our partnership with CASS Art and the University of Brighton remains strong with one of the University of Bri￿ltoll
graduates being awarded the 2024 prize of a studio for a year and an exhibition in the Window Gallery. University of
Brighton third year students are a180 invit¢d to apply for th¢ Platfonn Graduate Award, alongside those from East
Sussex College, Hastillgs.
Events
We were delighted to hold our annual Open Studios event in May 2024, and welcomed 2,862 people to our building.
We w¢r¢ part of Artist Open Houses Festival Hanover Trail. Both members of the public and artists benefit from this
annual ¢v¢nL with visits by local eur&tors and galleries, as well as giving an opportunity for visitors to buy work
directly frorn the artistlmaker. We wel¢ome families to Open Studios, providing an art trail through th¢ building and
encouraging an understanding of caTe¢rs in the art sector for young people. It is a high point on our calendar each year,
and takes plac¢ in May during the Brighton Festival.
Cafe
Canvas Café provided snacks and drinks throughout the y¢Ar. Th¢ $pa¢e is whe¢lchiÉ ir ac¢¢s$ible and is a great creative
hub for our artists, workshop users, gallery visitors aDd the g¢n¢ral publi¢. The ¢af¢ attracts a broad visitor range, from
students through to families and older residents of Brighton.
FINANCIAL REVIEW
FiDAncial position
Despite the continued reduction of, and incre￿ed competition for, funding to support our work, Phoenix has made a
surplus in unrestricted funds in a challenging economic environment. We have 9W/o occupancy in our stl￿108 and our
learning progr}￿llne continues to prove popular with the public. 2024 has also seen a significant increase in our
workspace hire bookings and this 18 a promising source of revenue generation. The level of costs has continued to
incr¢ase however we have managed our costs well alongside exploring ways to make our activities more sustainable
and environmentally friendly.
The tnTStees regularly revisit the 20-ye&r planned maintenance schedule of works and ensure any large upcoming works
can be paid for through designated funds.
Page 4

THE PHOENIX ARTS ASSOCIATION LIMITED
GISTERED NUMBER: 03136932
REPORT OF THE TRUSTKES
FOR THE YEAR ENDED 31 DECEMBER 2024
FINANCIAL REVIEW
Reserves policy
Phoenix recognises thttt it is finaThcially prudent to accumiilate and designate thnds to cover any unexpected financial
ircumstance and to fund strategic projects.
The Trustees will therefore aijn to hold reserve levels equivalent to three months average expenditure ill order to help
Phoenix continue to be a going concern. Any r¢serves accumulat¢d above this target will be banked or designated to
the plat)ned maintenmce of tbe building, or to strat¢gic projects as they arise.
Excluding the designated planned maintenance funds, the level of free reserves a$ at 3 1st December 2024 is £70,570.
Thts is 620/• of the reserY¢s policy target of £114,655. Including designated planned maintenance funds, tbe level of
reserves is 860/0 of the target. The trustees aim to increas¢ reserves by exploring new opportunities for revenue
g¢n¢ralion and cost reduction and the fundraising alld development committee meets regularly to discuss funding ideas
and income generation oppo￿nIties.
FUTURE PLANS
Phoenix remains committed to implementing the re¢omm¢ndalions of our 2021 Governance Review. This has stabilised
the charity, clarifying the stru¢ture and responsibilities of all parties, By reviewing policies and pro¢ediwes, Phoenix is
now in a strong position to develop its Business Plan. This incliides continuing our research and development project
for a major retrofit of oiw building, aimed at reducing our carbon emissions and energy ¢osts and ellsuring it remains fit
for use. In 2024, we signifi¢antly pi'ogressed this piece of work and are actively fi￿d[alS1Thg to rea¢h RIBA Stage 3 in
2025.
The studios continue to enjoy 990/0 occupancy, with a waiting list of artists wishing to join when a vacancy appears. In
2025, we aim to reopen our waiting lisL with a new application procedure that will better meet our proposed new
charitable objects. Phoeni¥ attendees at educational programmes and at exhibittons and events c()ntinu¢ to grow, as does
th¢ engagement with our website and social medi& We will continue to apply to Public Funds, Trusts, Foundations,
Major Donors and Sponsors for funding and support, so that we can build on the highly vajued work we have been
doing with the conllnunity and for our diverse audiences.
Phoenix is constantly looking at ways to r¢duce costs and to make our building more sustainabl¢. The retrofit research
has informed our environmental strategy and action plan for improving the ¢co footprint and sustainability of th¢
organisation.
Page 5

THE PHOENIX ARTS ASSOCIATION LIMITED
GISTERED NUIVIBER: 03136932
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEIIqENT
Governing doeument
The charity is controlled by its M¢morandum and Articles of Association and constitut¢s a limited company, lirnited by
guarantee, as defined by the Companies A¢t 2006.
Trustees, recruitment and appointment
T￿Ste¢S are invited to apply and are interview¢d by the board. The criteria for appointment are based on the skills and
experi¢llce they can bring to the team and their ability to represent the different sectors of the ¢ommunity. After an
initial Co￿OPted period, the prospective tnistee will be presented to the atTiliate members at the AGM and elected
fonnally.
The 2021 governance review noted the board's lack of diversity. Through s¢nsitive and proactive T¢cruitmen( our
Board's div¢rsity is now mor¢ closely ill line with local demographics for Biighton and Hove.
There are a minimunj number of trustees required but no maximum. One third of tlie trustees stand down at th¢ Annual
General Meeting and can be reappoinfrd by the members for a maximum of two consecutive terms. Phoenix has two
categories of m¢mber' members (who apply to become full members and are agreed by the Board) and associate
mejnbers (who are Studio members).
AII trLiStees are offered trustee trainlng if require(L The prospective trnstee has an induction meeting and is mentor¢d to
ensure a smooth transition into the organisation.
Full trustee meetings take place quarterly. however sub committees and sub groups m¢¢t InoTe regularly and special
meetings occur wh¢n necessary.
Trnstees also attend nleetings with Associate members and social ¢vent8.
REFERENCE AND ADMINISTRATIVK DETAtLS
Reghstered Company number
03136932 (England and Wales)
Registered Charlty number
1051551
Registered office
10114 Waterloo Place
Brigbton
BN2 9NB
Trustees
Ms K H Strachan (resigned 611212024)
Mr A G Murray (resigned 611212024)
Mrs J Walters (resi￿)ed 611212024}
Mrs H L Chester
Ms S E Prime (resigned 231112024)
Ms A G Bright
Ms A J Cameron (resigned 31412025)
Dr C L F Courage
Mr A J Cummius
Ms S L Parkin
Mr J P Turko
Mr S D Wilkinson
Mr S Quiam (resigned 81412024)
Ms R K Allen (appointed 2711212024)
Company Secretary
Ms S J McC(Fnnell
Page 6

THE PHOENIX ARTS ASSOCIATION LIMITED
GISTERED NUMBER: 03136932
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examlner
Dr Shona F Wardnjp C.A.
ChaTlOt House Limited
Chartered Accountants
44 Grand Parade
Brighton
East Sussex
BN2 9QA
Approved by order of the board of t￿Stee8 on zS....O.kwL.￿.%<.. and signed on its behalf by..
J Cummins - Tn￿tee
Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
T￿{ PHOENIX ARTS ASSOCIATION LILMtTED
Independent examiner's report to the trustees of The Phoenix Arts AssoclAtion Limited ('the Company,)
report to the ¢harity trnstees on my examination of the accounts of the Company for the year ended
31 December 2024.
Responsibilities and ba$ls of report
As the charity's trustees of th¢ Company (and also its directors for the piirpos¢s of Gompany law) you are responstble for
the preparntion of the accounts in accordan¢¢ with the requirements of the Companies Act 2006 ('the 2006 ACV).
Having satisfied myself that the accounts of the Company ar¢ not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination, I report in respect of my examination of your chatit)4s accounts as carried
out Ul￿er Section 145 of the Charities Act 2011 ('the 2011 Acv). In carrying out my examination I have followed the
DireGtions given by the Charity Commission und¢r Se¢tion 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your ¢harity'8 gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirni
that I am qualified to undertake the examination because l am a memb¢r of the Instiiute of Chartered Accountants of
Scotlan(L which is one of the listed bodies.
I have completed my cxamination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe..
accouThting records were not kept in respect of the Company as reqiiired by Section 386 of the 2006 Act. or
the accounts do not a¢¢ord with those records. or
the accounts do not eomply with the accounting requirements of Section 396 of the 2006 Act other than any
requirement that the accounts give a true and fair view which is not a matt¢r considered as part of an
independent examination. or
the accounts have not been prepared in accordance with th¢ tnethods and principles of the Statement of
Recommended Pra¢tice for accounting and reporting by charities (applicable to charities preparing their
accounts in ac¢ordan¢¢ with the Finoncial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102)).
I have no concerns and have come a¢ros8 no other matters in connection with the examination to whi¢h attention shoidd
be drawn in this r¢port in order to enable a proper understanding of the accounts to be reached.
Dr Shona F Wardrop C.A.
The Institute of Chartered Accountants of Scotland
Chariot House Limtted
Chartered Accountants
44 Grand Parade
Brighton
East Sussex
BN2 9QA
Page 8

THE PHOENIX ARTS ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIvrriES
FOR THE YEAR ET4DED 31 DECEMBER 2024
2024
Total
ftinds
2023
Total
funds
Unrestricted
nds
DeBÈgnated
ftmds
Restricted
fijnds
Notes
INCOME AND
ENDOWMENTS FROM
Donations and legacies
5.272
21,600
26,872
66,376
ChArfitable a¢tlvltfi¢s
Events, Exhibitions alld Food &
13,429
313,000
103,660
15,888
13,429
313,000
103,660
15,888
11,845
293,418
110,501
2,595
Studios & Room Hire
Courses
OffLce and Finance
Other trading activities
Investment income
Other income
23,725
720
23.725
720
19,525
452
1.250
Total
476,944
498,544
505,962
KXPENDITURE ON
Charfitable gctivities
Event4 Exhibitions and Food &
43,707
29,900
86,598
161,374
142,245
43,707
29,900
86,598
191,340
166,957
8,211
43,345
30,317
89,861
201,620
163,978
Studios & Room Hire
Courses
O￿lC¢ and Finance
Building Maintenance
Community Engagement 2024
29.966
24,712
Total
472 035
526 713
529 121
NET
INCOMEI(EXPENDITURE)
4,909
(24,712)
(8,366)
(28.169)
(23,159)
RECONCILIATION OF
FUNDS
Total funds brought fonvard
448.118
53.037
20,000
521,155
544,314
TOTAL FUNDS CARRIED
FORWARD
453,027
28,325
11,634
492,986
521,155
The not¢s forn) purt of these financial statements
Page 9

THE PHOENIX ARTS ASSOCIATION LIMITED
GISTERED NUMBER: 03136932
BALANCE SHEET
31 DECEMBER 2024
2024
Total
funds
2023
Total
fi￿dS
Unrestricted
nds
Designated
funds
R￿trICted
funds
Notes
FIXED ASSETS
Tangible assets
12
382,458
382,458
388,277
CUIIRENT ASSETS
Debtors
Cash a¢ bank and in hand
13
25.950
98.890
25,950
138,848
25,987
170416
28,324
11,634
124,840
28,324
11,634
164,798
196,403
cRED￿oRs
Amounts falling due within on¢
year
14
(54,270)
(54,270)
(63,525)
NET CURRENT ASSETS
70,570
110528
132,878
TOTAL ASSETS LESS
CURRENT LIABILITIES
453,028
28,324
11,634
492,986
521,155
NET ASSETS
453,028
492 986
521,155
FU14DS
Unrestricted fimds
Restricted funds
16
481,352
11.634
501,155
TOTAL FUNDS
492,986
521,155
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 December 2024.
The members have not required the company to obtain an audit of its fInancial statements for the year ended
31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
prep￿illg financial st&temenls which give a true and fair view of the state of affairs of the charitable company as
at the end of each financial year and of its surplus or defi¢it for each fmancial year in accordance with the
requirements of Se¢tions 394 and 395 and which othenvise comply with the requirements of the Companies Act
2006 relating to financial statements, so far as applicable lo the charit&ble company.
OTr)
The notes forn] part of th¢se finan¢ial statements
Page 10
contillu¢d...

THE PHOENIX ARTS ASSOCIATION LILIqITED
REGISTERED NUMBER: 03136932
BALANCE SHEET - continued
31 DECEMBER 2024
These financial statements have been prepared in accordance with the pmvisions applicable to charitable Comp￿leS
subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
2.1.~. .￿J￿4￿£0.1￿..... and were signed on its behalf by..
Mr A J Cummins . Trustee
The notes forni parl of these financial statements
Page 11

THE PIIOENIX ARTS ASSOCIATION LIMITED
CASH FLOW STATELIqENT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Notes
Cash l]ow8 from oper4tlng activitl
Cash generated from operations
32,288)
55 802)
Net cash used in operating activities
32.288)
55,802)
Cash flows from investing activities
Interest received
720
452
Net cash provided by investing activiti
720
452
Change in cash and cash equivalents in
the reporting period
Cosh and cash equivalents at the
beglnning of the reporting period
(31,568)
(55,350)
170,416
225 766
Cash and cash equivalents at the end of
the reporting perAod
138 848
170,416
The notes forni part of these fu￿ncial statements
Pag¢ 12

THE PHOENIX ARTS ASSOCIATION LIMITED
NOTES TO THE CASH FLOW STATEMENT
FOR THE ITAR ENDED 31 DECEMBER 2024
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net expenditure for the reporting perlod (as per the Stjtement of
Financial Aetivities)
Adjustments for:
DeprecÉalion charges
Interest received
Decrease in debtor8
Decrease in creditors
{28,169)
(23,159)
5,819
(720)
37
6,093
(452)
10,600
48,884
Net cash used in operation5
32,288
55.802)
ANALYSIS OF CHANGES IN NET FUNDS
At 111124
Cash flow
At 31112124
Net cash
Cash at bank and in band
170 416
31,568
138 848
170416
138.848
Debt
Debts falling due within l year
4,408
4,408
4,408
Tolal
166,008
138,848
The notes fom part of these financial statements
Page 13

THE PHOENIX ARTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL sTATE￿￿NTs
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Cbarities SORP (FRS 102) 'Accounting and Reporttng by Charities: Statement
of Recommended Practice appli¢able to charities preparing their accounts in a¢¢ordanr¢ with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS E02) (effective l January 2019),,
FiDlU]cial Reportlng Standard 102 'The Finan¢ial Reporting Standard applicable in the UK and Republic of
Ir¢land' and the Companies Act 2006. The finan¢ial statements have been prepared under the historical cost
onvention.
At the time of approving the financial statements, the trustees have a reasonable expectation, from budgets and
cashflow projections, tbat the charity has adequate resources to continue in operational existence for the
foreseeable future and at least 12 months from the date of signing the accounts and on that basis tbe ¢harity is
considered to be a going concern.
Income
All income is recogtiised in the Stgltement of Financial Activities once the clwity has entitlement to the funds, it
is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constrnctive obligation committing the
charity to that expenditlwe, it is probable that a transfer of economic benefits will be required in s¢ttl¢ment and
the amount of the obligation can be m&qsured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to tbe category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
Tangfible rued assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Freehold propety
Equipment
Straight line over 50 years
250/0 on reducing balance
The charity does not capitalise items costing less than £1,000.
The trustees have made the de¢ision to depreciate the estimated cost of the building, £250.000, over 50 years
from 1st January 2021.
Taxatio
Th¢ Charity is Considered to pass the tssts set out in Paragraph I Schedule 6 Finance Acl 2010 and therefore it
meets the defInition of a charilabl¢ Gompany for UK co￿oration Tax pury)oses. Accordingly the Charity is
potentially exempt from taxation in respect of income or capital gains received within categories covered by
Chapter 3 Part I I Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to
the extent that such income or gains are applied exclusively to charitable purposes.
accounting
UJ]restricted funds are available for use at the discretion of the tLUStees in furtherance of the general objectives
of the charity. Restricted funds can only be used for particular restricted purposes withill the objects of the
charity. Restrictions arise when specified by the dollor or when fiJnd8 are raised for a particular restricted
pu￿OSe.
Pension Costs and other post-retlrement benefits
The charitable company operates a defined ¢ontiibution pension s¢h¢rne. Contnl)utions payable to the
haritable company's p¢nsion s¢hem¢ are ¢haTged to the Statement of Financial Activities in the period to which
they relate.
Page 14
¢ontinued...

THE PHOENIX ARTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - contfillued
FOR THE YEAR ENDED 31 DECEMBER 2024
DONATIONS AND LEGACIES
2024
2023
Donations
Grants
272
26,600
531
65,845
66,376
Grants received, included in the above, are as follows..
2024
2023
Brighton and Hove City Council
Chalk Cliff Trnst
Sussex Police
Uuiversity of Brighton
Sussex PartneTship NHS Foundation Trust
The Arts Society
A Woman's Place Project CIC
Project Art Works 2023
South E&8t Dance
The Trust for Developing Communities
Brighton Dome and Festival
7,350
2,000
350
9.075
17,450
3.000
2,000
24,020
loo
500
5,000
16,600
5,000
65,845
OTHER TRADING ACTIVITIES
2024
2023
Car Parking
23.725
19,525
INVESTMEIYT L¥COME
2024
2023
Deposit account interest
720
452
Pag¢ 15
continued...

THE PHOENIX ARTS ASSOCIATION LIMITED
NOTKS TO THE FINANCIAL STATEMENTS - ¢ontinued
FOR THE YEAR ENDED 31 DECEMBKR 2024
NCOME FROM CHARITABLE ACTIVITIES
Events,
Exhibitions
and Food
&Bar
Studios &
Room Hire
Courses
Studio Income
Workspace hire
Course fees
Events, exhibitions and food & bar
Office and finance
266,467
32,316
6,906
103,636
1,034
5,489
14,217
24
13,429
313,000
103,660
2024
2023
Office
and
Finance
Total
activities
Total
activities
Studio Income
Workspac¢ hiTe
CouTse f¢¢s
Events, exhibitions and food & bar
OtTice and fmanG¢
266,467
39,222
103,636
1,034
35,618
245,638
44,660
110,351
1,197
16,513
15,888
445,977
418,359
CHARrrABLE ACTIVITIES COSTS
Support
costs (see
note 7)
Direct
Costs
Totals
Events, Exhibitions and Food & Bar
s￿dI05 & Room Hire
Courses
0￿1CC and Finance
Building Maintenance
Community Engagement 2024
43,707
29,900
86,598
29,966
166,957
8,211
43,707
29,900
86,598
191,340
166,957
161,374
365 339
161374
526,713
Office and Finance Direct Costs relate to all restricted fund expenditure across th¢ Charitable aGtiViti￿. See note
16 for fi￿d breakdown.
Page 16
continued...

THE PHOENIX ARTS ASSOCIATION LIMrrED
NOTES TO THE FINANCIAL STATEll￿NTs - eontinued
FOR THE YEAR ENDED 31 DECEMBER 2024
SUPPORT COSTS
Governance
costs
Management
Totals
Office and Finance
158,294
3,080
161,374
Support Costs. included in the above, are as follows:
2024
Otyice
2023
Total
tivities
Finance
Wages
Social security
Pensions
Advertising
Operating costs
Accountancy and legal fees
I 13,076
7,721
2,587
2,146
32,764
95,099
6,562
2,368
2,508
26,979
3.787
161,374
137,303
NET INCOMEI(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting)'.
2024
2023
Deprecialion - owned assels
Independent Examiner
5,819
3,080
6,093
2,800
TRUSTEES, REMUIYEIL4TION AND BENEFITS
During the year, no payments were made to artist trnstees for invigilation and course tutor fees (2023.. £228)
Trustees, expenses
There were no tNstees' expenses paid for the year ended 31 Dec¢mber 2024 nor for the year ended
31 December 2023.
Page 17
continued...

THE PHOENIX ARTS ASSOCIATION LIMrrED
NOTES TO THE FINANCIAL STATEMENTS - Continued
FOR THE ITAR ENDED 31 DECEMBER 2024
io.
STAFF COSTS
2024
2023
Wages and salaries
So¢ial security costs
Other pension costs
225,951
12,944
4,641
211,998
11,152
243,536
227 395
The total r¢rnuneration paid to k¢y management p¢rsonn¢l during the year was £163,670 (2023: £164,753).
The average monthly nurnber of employees during the year was as follows:
2024
2023
No employees received emoluments in excess of £60,000.
ii.
COMPARATIVES FOR THE STATEMENT OF FINAIYCIAL AcfiviTIES
Unrestricted
Designated
nds
funds
R¢stri¢ted
funds
Total
nds
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,534
63,842
66,376
Charitable activities
Events. Exhibitions and Food & Bar
S￿di￿s & Room Hire
Cours¢s
Office and Finance
11.845
293.418
110,501
2,595
11,845
293,418
110,501
2,595
Other trading activities
Investment income
Other incojne
19,525
452
19,525
452
1,250
Total
442,120
63,842
505 962
EXPENDITURE ON
Charitydble activities
Events, Exhibitions and Food & Bar
Sthdios & Room Hire
Courses
Office and Finance
Building Maintenance
43,345
30,317
89,861
137,299
139,425
43.345
30,317
89,861
201,620
163 978
64,321
24,553
Total
529,121
NET INCOMEI(EXPENDITURE)
1,873
{24,553)
(479)
(23,159)
RECONCILIATION OF FUM)S
Total fi￿dS brought fonvard
446,247
77,590
20,477
544,314
Page 18
continued...

THE PHOENIX ARTS ASSOCIATION LIMITED
NOTES TO THK FINANCIAL STATEMKNTS - ¢oJ)tinued
FOR THK YEAR ENDLD 31 DKCEMBER 2024
ii.
COMPAIL4TIVES FOR THE STATEMEIYT OF FINAF4CIAL ACTIVITIES - contlnued
Unrestricted
Designated
Restricted
funds
funds
funds
Total
funds
TOTAL FUIYDS CARRIED FORWARD
448,120
53,037
19,998
521,155
12.
TANGIBLE FIXED ASSETS
Freehold
property
Equipinent
Totals
COST
At l January 2024 and 31 December 2024
443,908
DEPRECIATION
At l January 2024
Charge for year
15,1100
5,000
40.631
819
55,631
5,819
At 31 December 2024
20,000
41,450
NET BOOK VALUE
At 31 December 2024
382,458
At 31 December 2023
385,000
3,277
388 277
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Other debtors
Prepayments and accrued incorne
10,186
13,821
575
15,764
25,950
25.987
Page 19
ontinued...

THE PHOENIX ARTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans and overdrafts (see note 15)
Trade creditors
Other ¢reditorg
Refundable deposits held
Income in advance
Accrued expenses
4,408
2,614
2,759
29,449
7.506
16,789
4,727
5,125
28,209
5,498
54,270
63,525
15.
LOANS
An analysis of the maturity of loans is given below:
2024
2023
Amounts falling due within one year on demand:
Bank loans
4,408
16.
MOVEMENT IN FUNDS
Net
movement
in fi￿d8
At
3 1112124
At 111124
Unrestricted fund5
General fund
Designated Fund - Planned Maintenance
448,118
53,037
4,910
24,713
453,028
28,324
501.155
(19,803)
481.352
Restricted lund$
BHCC G&G
Kingswood Millner project
ACE Accessibility
Arts ClublPrisons & Probations
Communities & Conversations
Cost of Living Film Project
2,483
3,593
4,338
2,771
651
6.164
2.483
1,600
3,978
3,573
(1,993)
(360)
802
(651)
8,366
TOTAL FUNDS
521.155
28,169
492,986
Page 20
continu￿...

THE PHOENIX ARTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - ¢oJJtinued
FOR THE YEAR EIYDED 31 DECEMBER 2024
16.
MOVEMEfu IN Fuf+lDS - continued
Net movement in funds, included in the above are as follows:
Incoming
r¢sour¢¢s
R¢soiirc¢s
¢Kpended
Movement
in funds
Unrestrfi¢ted funds
General fund
Designated Fund - Planned Maintenance
476,944
(472,034)
24,713
4.910
24,713
476,944
(496,747)
(19,803)
Restricted funds
Kingswood Millner project
ACE Accessibility
Arts ClubJPrisons & Probations
Communities & Conversations
Cost of Living Film Project
Youth Community Takeover 2024
(1,993)
(360}
(15,798)
(651)
(6,164)
5,000)
(1.993)
(360)
802
(651)
(6,164)
16,600
5,000
21,600
29,966
TOTAL FUNDS
526.713)
28,169)
Comparatives for movement in funds
Net
movement
in funds
At
31112123
At 111123
Unrestrficted funds
General fund
Designated Fund - PlaI￿ed Mailltenance
446,247
1,871
448,118
523,837
(22,682)
50I,L55
Restricted fund5
BHCC G&G
Kiiigswood Millner project
ACE Accessibility
Arts ClublPrisons & Probations
Inclusivity Development Project
Communities & Conversations
Cost of Living Film Project
2,483
4,714
6,066
2,389
4,825
2,483
3,593
4,338
2,771
(1,121)
(1,728)
382
(4,825)
651
6,164
651
6.164
47
20,OIM)
TOTAL FUNDS
544,314
23,159
521 155
Page 21
continue(L..

THE PHOENIX ARTS ASSOCIATION LIMITED
NOTES TO T1￿￿ FINANCIAL STATEMENTS - Continued
FOR THE YEAR ENDED 31 DECEMBER 2024
16.
MOVKMENT IN FUNDS- continued
Comparativ¢ net movement in funds, incliided in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Designated Fund- Planned Maintenance
442,120
{440249)
24,553
1.871
24 553)
442,120
(464,802)
(22,682)
Restricted fund5
Kingswood Millner project
ACE Accessibility
Arts Club/Prisons & Probations
Inclusivity Development Project
Conlmiinities & Conversations
Cost of Living Film Project
BHCC Communities Fund
Project Art Works 2023
(1,121}
(1,728)
{17,067}
(4,825)
{6,148)
(2,411)
(7,000)
24,019
(1,121)
(1.728)
382
(4,825}
651
6,164
17,449
6,799
8,575
7,000
477
TOTAL FUiYDS
505,962
529,121)
23 159)
R¢stri¢t¢d funds are 8iv¢n to the charity for sp¢¢ific, tim¢ bound projects and Gannot be spent on other activities.
Thes¢ proj¢Gts contribute greatly to th¢ social impact of our role supporting all of our diverse communities. In all of
these restricted funds, Phoenix artists gain paid fre¢lanc¢ work to deliv¢r projects thereby supporting th¢m as
s¢lf-employed workers as well as giving them wider ¢xperi¢nc¢ of working within conmjunities.
- Brighton and Hove City Council has funded us to work with the residents on the Phoenix Estate to renovate th¢
Ball Park. Phoenix has also rec¢iv¢d funding to work with overlooked coimcil estates including Kingswood 2nd
Milner to help regenerate the area via a street art project.
The Accessibility fund is supported by Arts Council of England to enable better access provision at Phoenix
Art Space
The Arts Club I Prisons and Probations is a partnership project between Sussex Partnership NHS Foundation
Trust, Sussex Probation alld Phoenix Art Space, initiated by the Sussex Chiron: Intensive Intervention and Risk
Management Service (IIIiMS). The project aims to contribute to positive outcomes for participants through
improved psychological health, wellbeing, community integration and development of pro-social behaviour and
relationships.
Communities and Conversations is a nlulti-partnership funding to deliver a number of our Community
engagement projects
The Cost of Living Film project was part of the University of Brigbton's Ignite (2022123)
community-university partnership programme, whtch is fimded under the Arts and Humanities Research
Council's Impact Accelerntion Account. The film A Diffi¢ult Place was filmed in Brigliton by filmmaker lobn
Edwards aThd artist and r¢s¢ar¢h¢r at Univ¢rsity of Brighton Katy B¢inart in partnership and collabotation with
Phoenix Food Shop and Phoenix Arts Spa¢e.
- Chalk Cliff Trust funded our Youth Takeover 2024 which was a creatlV¢ Programme for young people aged 13
25.
Page 22
continued...

THE PHOENIX ARTS ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued
FOR THE YEAR ENDED 31 DECEMBER 2024
17.
RELATED PARTY DISCLOSURES
There were no related paty transactions for the year ended 31 December 2024.
Page 23