OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Fabrica

2025-03-31-accounts

REGISTERED NUMBER 3185119 REGISTERED CHARITY NUMBER: 1055584

FABRICA

(A COMPANY LIMITED BY GUARANTEE)

TRUSTEES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FABRICA (LIMITED BY GUARANTEE)

CONTENTS OF THE FINANCIAL STATEMENTS

Page
Legal and Administrative Information 1 - 2
Trustees’ Annual Report 3 – 16
Independent Examiners Report 17
Statement of Financial Activities 18
Balance Sheet 19
Statement of Cash Flows 20
Notes to the Financial Statements 21 - 30

FABRICA (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

Trustees N Aldred – resigned as Trustee and Chairperson 30 June 2025
L Bristow
N Tandavanitj
R Beales – resigned 12 April 2024
H J Walker
D Emilianos – resigned 16 September 2024
L Rodwell – Vice Chair
D O’Connor – appointed 16 September 2024
H Charlton – appointed 10 February 2025
B Gibbons – appointed 10 February 2025
H Hughes – appointed 17 March 2025
S Owusu – appointed 28 April 2025 (Chairperson from 30 June
2025)
M Seden – appointed 28 April 2025
Company secretary H J Walker
Charity number 1055584
Company number 03185119
Principal address and 40 Duke Street
Registered Office Brighton
BN1 1AG
Senior staff L Whitehead – Fabrica co-director
S Holdgate – Finance manager
C Hankinson – Fabrica co-director
S Connellan and T Lawrence Rodway – Commercial managers
Independent Examiner VMR Anderson BA (Hons) FCA DChA
Carpenter Box
2 St Andrews Place
Lewes
BN7 1UP
Bankers CAF Bank
25 Kings Hill
West Malling
Kent
ME19 4JQ
Metro Bank
One Southampton Row
London
WC1B 5HA

Page: 1

FABRICA (LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

Bankers continued

HSBC Unit 11-12 Kingsgate Shopping Centre King Street Huddersfield HD1 2QB Charity Bank Fosse House 182 High Street Tonbridge TN9 1BE

Page: 2

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

Trustees Report for year end 31 March 2025

The Trustees are pleased to present their report together with the unaudited financial statements of the Charity for the year ending 31 March 2025.

Overview

Fabrica has demonstrated resilience and discipline in navigating the challenges arising from a substantial cut in its regular funding by Arts Council England, since April 2023.

2024-25 was Year 2 of a three-year period of transition in which Fabrica is rebuilding its business model, increasing its support from Trusts & Foundations and growing its earned income despite reduced staffing and an increasingly challenging funding landscape.

The key changes the Trustees have implemented are summarised here:

The Trustees believe that the financial statements comply with current statutory requirements, the Charity’s governing document and the Statement of Recommended Practice.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Fabrica was incorporated as a company limited by guarantee on 12 April 1996 and registered as a charity on 19 June 1996. Its governing document is its Memorandum and Articles of Association.

Organisational structure

Fabrica is governed by a Board of Trustees; these volunteers are trustees of the charity and members of the company. The minimum number of trustees is three. There is no maximum. Eleven trustees served in 2024-25.

The Board meets at least four times a year, at quarterly intervals, and the Annual General Meeting usually precedes the December Board meeting.

Page: 3

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

A Financial Management sub-committee of the Board was established some years previously, but from January 2024, the Trustees agreed to introduce a new additional quarterly Financial Scrutiny meeting, in order to keep the entire board informed and up to date on financial developments. Other working groups of trustees and staff (and third parties where helpful) are convened to support specific areas of work such as reviewing health and safety; maintenance and capital development of the building; and fundraising to Trusts & Foundations. Individual trustees also undertake tasks in support of the executive team, notably recruitment of management roles, meetings with partners and funders and advising on matters that fall within their area of expertise (e.g. building maintenance, capital development and planning-related issues, the development of organisational policies, business planning and fundraising).

In 2024-25 the Trustees were:

Nannette Aldred , Trustee and Chairperson, from December 2023

Richard Beales , Trustee and Vice Chairperson and until 12 April 2024 Lead Trustee at Fabrica for Safeguarding - former Strategic Manager, Artswork South East Bridge organisation - concerned with children and young people’s engagement in the arts and culture; Director of Jehane Ltd

Helen Walker , Trustee and Company Secretary (Independent strategic planning consultant with excellent knowledge of Local Planning, Design, & Built Environment policy, legislation and processes. Former Trustee West Pier Trust.)

Louise Bristow – Trustee (Artist, CIC Director (East Side Print, Brighton); Previous trustee of and studio based at Phoenix Art Space, Brighton, Lead Trustee at Fabrica for Safeguarding from April 2024)

Darren Emilianos – Trustee until 16 September 2024 (GP/Health sector expertise)

Lee Rodwell – Trustee and Vice Chair since December 2023 (Fundraiser, University of the Arts, London)

Nick Tandavanitj – Trustee (Artist and Author with Blast Theory (ACE NPO), PhD Student at Horizon CDT)

David O’Connor - joined as Trustee on 16 September 2024 (Graphic Designer for print and web; founder member of the Brighton Illustrators Group; The Annexe Studios Brighton, Trustee and Joint Deputy Chair of West Pier Trust)

Helen Charlton - joined as Trustee on 10 February 2025 (Development Director at Project Art Works (ACE NPO) who work across the art/social care/advocacy sectors, previously Head of Marketing, Communications and Engagement, Independent Lives)

Beth Gibbons - joined as Trustee on 10 February 2025 (PR & Retail (art and design), Practice-based MA Graduate from University of Brighton)

Harriet Hughes – joined as Trustee on 17 March 2025 (15 years of curatorial experience within the museum sector, including Brighton Museum & Art Gallery, including creative projects with disadvantaged audiences. PhD in African Studies).

There is currently no minimum or maximum term of office, but the composition, development and capacity of the Board are regularly reviewed against the organisations upcoming needs, risks and opportunities. Potential trustees are recruited by advertising the role through Fabrica's website and

Page: 4

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

networks, supported by word-of-mouth marketing. Trustees are selected on the basis of their experience of life (personal and professional), skill and capacity. Candidates are interviewed by at least one trustee, usually the Chairperson, and a Co-Director before attending a Board meeting as an observer. If both parties are keen to proceed, the trustee is elected at the next Board meeting they are able to attend. New trustees can be elected at any point in the year and are confirmed in office at the AGM. New trustees receive an induction pack, which provides a comprehensive introduction to the organisation and sets out their responsibilities. Active recruitment for new trustees began in January 2024 and continued until September 2025.

Staffing

In 2024-25 Fabrica’s team of 9 part-time posts were led by Co-Directors, Liz Whitehead and Clare Hankinson who were directly responsible for strategic organisational development, the artistic programme and oversight on audience development, learning and participation, fundraising and financial management working closely with the Finance Manager, Shonge Holdgate.

The remaining staff for 2024-25 were: Administrator – Peter Stonhold, Commercial Manager(s) - Sally Connellan until April 2024 then Tachi Lawrence-Rodway, Office & Communications Coordinator – Petra Giffard, Freelance Fundraiser (Trusts & Foundations) and Project Manager – Lucy Groenewoud, Production Manager - Valerie Furnham and Cleaner - Iris Madariaga.

The staff team was supported in 2024-25 via two paid workers on placement (Engagement Producer Placements), funded by The Art Fund Student Opportunities grant, at one day per week for 12 months each from October 2023-September 2024: Rose Grover (undertaking a Masters in Children's Book Illustration at Cambridge School of Art) and Mia Jones (a BA Fine Art Student at Kingston University). There were also two University of Sussex paid Summer Internships providing 300 hours each; Marketing Assistant Tanya Forbes (Biology BSc) and Engagement & Events Assistant Tallulah Denyer (BA in Film Studies).

Several employees are practising artists or have other creative freelance careers and this part-time working culture has reaped rewards in retaining a highly motivated and creative staff team. Fabrica also draws on a pool of freelance project managers, artist facilitators and animateurs and a considerably reduced, but highly valued, team of regular volunteers to deliver its mission. In 2023-24 these volunteers supported key areas of our public programme; working with artist-facilitator Helen Goodwin to deliver Chomp creative lunch clubs for low-income families and devising and delivering engaging and informative heritage tours to showcase the history of our 200-year-old building.

Partnerships

In 2024-25 Fabrica received grants and monies for services towards its health, creative engagement and learning programmes from: local and international schools, colleges and universities, Brighton & Hove City Council and NHS CCG as part of UOK (for Men in Sheds) and Southdown. During the year in review, Fabrica was successful in raising funds from Another Way Women’s Foundation, Art Fund, Baring Foundation, Brighton District Nurses Fund, Chalk Cliff Trust, Film Hub SE and BFI FAN, Engage, Homity Trust, Rampion Community Grants, Radcliffe Trust, Skipton Charity, Sussex Community Foundation, WG Edwards.

Contributions were also received towards joint activities by partners One Church (Chomp), East Sussex College, Little Learners; Film programming partners BFI, Brighton International Animation Festival, Short Circuit, University of Brighton and videoclub; Music and Performance programming partners Dead Dog, The Great Escape and Sofar Sounds, WomanEwer and with individual creatives as part of Brighton Fringe.

Page: 5

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

Fabrica retained its long-standing partnerships with Brighton Photo Fringe, Spectrum Photographic and Jane & Jeremy book publishers for its annual In Between Gallery exhibition in Fabrica’s picture window. And The Living Coast (Brighton & Lewes Downs Biosphere) with whom Co-Director, Liz Whitehead has developed a number of short, funded, artist residences that highlight the work and goals of The Living Coast. Co-Director, Clare Hankinson is a regular contributor to the health, wellbeing and learning networks for older and young people that are active in the city. Other partners with whom Fabrica is developing arts and/or artist development collaborations include: Outside In, Dreamy Place (Digital Festival), Sound Art Brighton, Brighton Visual Arts Coalition (BVAC) a new network focused on strengthening the visual arts infrastructure and offer in the city after a series of setbacks and losses since 2022.

Risk management

Fabrica has a risk management policy and practice which helps it to anticipate risks, assess their likely impact and plan how to reduce and manage them. Fabrica's Trustees and Executive have identified the following key risks, which are discussed regularly at Board meetings to ensure adequate controls are in place.

INCOME

  1. Failure to deliver on our commercial strategy: our strategy focuses on a range of existing and new commercial channels to spread risk. It is underpinned by strong market research and is being implemented by experienced and commercially focused staff and overseen by the Co-Directors who report on progress to targets at eight Trustees’ Meeting each year. Capital improvements will be necessary over the coming years to ensure we keep our competitive edge in the market for hires.

  2. Failure to deliver our fundraising plans: We recognise that there is increasing pressure on public and private funders. Fabrica increased its capacity to fundraise from lower and higher value trusts and foundations in light of these challenges. Our commercial income strategy is our primary way to mitigate this risk. It is proving itself to be successful, but we are operating in a very competitive environment. Increasing donations (individual giving) will also help us deliver on our fundraising targets.

GOVERNANCE

  1. Not having the right Board for Fabrica’s situation: Following the loss of support from a major public funder, the organisation is transitioning to an earned income model plus increased support from Trust & Foundations. Fabrica’s public facing programme is substantially different. Fabrica’s Chair of Trustees led the early-stage change process for the Board and Executive from November 2022-December 2023. This included a review of Trustees’ roles and long-term commitment to the organisation. New skill sets and priorities were identified, and consequently, the make-up of the Board changed and has continued to change in line with this. A new Interim Chair led the second phase from December 2023-June 2025: implementation of Fabrica’s transition plan including instigating an active process of trustee recruitment.

CAPACITY

  1. Key members of the team becoming ill or leaving the organisation: Fabrica has a strong network of freelance artists, practitioners and project managers who are increasingly supporting our operations, including fundraising, project coordination, report writing and programme staffing. Financial forecasting and monitoring are shared by the senior team; two Co-Directors and the Finance Manager, supported by the Administrator. We continually focus on skills development to ensure staff can 'act up' when required.

Page: 6

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

  1. Inability to deliver our planned activity due to lack of capacity: Fabrica has a small team and a broad and ambitious remit of work. Our skilled freelancers, volunteers, placements and interns all play an important role in ensuring we are able to deliver against our objectives and we include budget provision in all projects for additional project management.

EXTERNAL FACTORS

  1. The impact of major events, such as the coronavirus pandemic; the enormous increase in energy prices following the outbreak of war in Ukraine have had a profound effect on Fabrica’s operation: income, activity and practice. Faced with a pandemic of the scale of the 2020-21 Covid-19, Fabrica would not have been able to trade without the government support initiatives that were introduced. Fabrica was protected from the surge in energy prices due to a three-year fixed price energy contract. Mitigating these risks in the future, Fabrica will: continue to build its reserves through earned income; engage with audiences using digital methods as well as face to face; maintain rigorous health and safety practices for staff and public at Fabrica’s events, exhibitions and offices. Take out 2-4 year service contracts with suppliers where these can be negotiated at a reasonable rate. Undertake capital works that reduce Fabrica’s energy consumption and reduce heat loss.

Public benefit

In shaping our objectives and planning our activities for the year, the Trustees have given due consideration to the duties set out in the Charities Commission published guidance as required by section 17(5) of the Charities Act 2011.

The Trustees have considered how the planned activities contribute to the overall aims and objectives that they have set and have taken the guidance into account when taking any decision to which it is relevant.

The paragraphs 'Objectives and Activities' and 'Achievements and Performance', detail the benefits that Fabrica provides to the public.

More specifically Fabrica's public benefit is defined as:

Page: 7

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

OBJECTIVES AND ACTIVITIES

The Charity's objectives are to promote, maintain, improve and advance education, particularly by the encouragement of the visual arts and places where they may be practised and where art and artefacts may be exhibited, with particular reference to the education of the public and the encouragement of the arts in Sussex and other parts of the United Kingdom.

Up until Autumn 2022, Fabrica commissioned and presented large-scale contemporary visual art installations in response to its unique space, a former Regency chapel located in the centre of Brighton. In 2023, due to the loss of an annual arts subsidy from ACE, Fabrica pivoted, at least in the short term, to commissioning and producing smaller scale art projects, though these continue to be rich vehicles for learning.

Fabrica encourages an open dialogue between artists and visitors at Fabrica, in the community settings it works in and online and produces a wide-ranging programme of education and audience development activity that explore the themes and production processes of the work and the artists it presents. In this way, Fabrica strives to remove the barriers to access, engagement and understanding of art that many people experience.

Since April 2023, Fabrica’s programme has comprised four interlinked strands of activity:

In summary, Fabrica is working to:

Page: 8

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

ACHIEVEMENT AND PERFORMANCE

Charitable activities from April 2024 to March 2025

The total number of beneficiaries* from 1 April 2024 - 31 March 2025 is: Actual: 9598 event and activity attendees, plus Fabrica Men in Sheds delivering 1700+ hours of contact time with 612 attendances.

Exhibition s: Foka Wolf ‘s Why Are We Stuck in Hospital – 7-14 August 2024 (614 exhibition and related event visits) and Temple of Cinema #1: Sayat Nova Outtakes, part of Cinecity Festival, 31 October to 10 November 2024 (573 exhibition and related event visits)

Window Gallery: estimated c.350,000 for In Between Gallery: Tish Murtha’s Statues was exhibited 4-14 October 2024, followed by Africa Barrero-Alexander's image Seventh Day from 14 October to 27 October 2024; Sean Chan’s image Eastern Promise was exhibited Dec 2024-July 2025. Plus c. 3120 viewers for Fresh Perspectives Archive films - ‘Political Demonstration’

Total 364,517

*The actual number of visits to Fabrica’s programmes and participations in Fabrica’s activities.

Artistic Programme

Fabrica was able to deliver a wide-ranging programme for audiences from April 2024-March 2025.

EXHIBITIONS

Why are we stuck in hospital? by artist Foka Wolf - 7-14 August 2024 This research-funded funded exhibition was produced by Ikon gallery and commissioned by University of Birmingham in partnership with rights-based charity, Changing Our Lives via funds from the National Institute for Health and Care Research HS&DR programme. The research raises awareness of the 2,000 people with learning disabilities and/or autistic people who live in hospital settings for long periods of time, often for many years and with no planned date to leave. An impossible maze, with no beginning or end, formed the basis of the gallery and billboard artwork by Birmingham artist and activist Foka Wolf. Comprising graphic design (a maze duplicated on two facing walls) and declarative captions (end wall), they highlighted the invisibility of people with learning disabilities and autistic people in long-stay hospitals.

Page: 9

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

The works were presented theatrically at Fabrica, literally in a constructed box, that visitors could step into. The artwork juxtaposed two sets of images each only visible via a timed change between white and UV light. The graphic designs as described above, were over painted by the artist with “I’m so far away from my Mum”, in luminous paint (this was a quote from one of the interviewees in the research findings), the two side walls which each displayed the maze were painted over with 1000 dots, representing the 2000 people stuck in hospital. Visitors were very moved by knowing how the work was put together in this way.

Temple of Cinema:Sayat Nova Outtakes - 31 October-10 November 2024

We presented this touring exhibition as part of Cinecity 2024. The exhibited material, a series of 25 restored and digitised film reels of outtakes from Sergei Parajanov’s most well-known film, The Colour of Pomegranates, was displayed in a ‘tabletop’ format so that the images read as paintings or even objects rather than a series of fleeting film images. The exhibition, curated by Daniel Bird, with contributions by Tim Brown and Frank Gray (Cinecity) explored the socio-cultural context that Parajanov was working in at the time (1969) as an artist in the USSR. As an Armenian, living in Georgia

with strong cultural connections to Ukraine he was subject to censure, imprisonment, and defamation. The exhibition also included relevant books and material about Parajanov’s other works, some of his writing, and information about Sayat Nova, the medieval poet on who The Colour of Pomegranages is based.

THE WINDOW GALLERY

Each year Fabrica works in partnership with Brighton Photo Fringe, Spectrum Photographic and Jane & Jeremy publishers to create a platform for less well-known photographers and lens-based artists by using Fabrica’s picture window onto Duke Street as an exhibition site. The In Between Gallery (IBG) draws in the partners expertise and marketing networks to advertise the opportunity via an open call. The chance for the selected artist to present a talk about their work to a critically engaged audience is also offered as part of the opportunity. From December 2024 Fabrica presented Sean Chan’s image Eastern Promise. An artist and a researcher, Sean is based between London and Singapore. He works at the intersections of photography, performance and installation and is currently completing a PhD in History of Art. His research focuses on museum studies, decolonisation, cultural and imperial legacies. Eastern Promise was exhibited until July 2025 except for a break of five days (17 March to 21 March 2025) when Fresh Perspectives (Fabrica’s Young Film Programmers group) presented a specially curated selection of archival films entitled Political Demonstration.

Prior to this, from 4-14 October 2024, the In Between Gallery exhibited Statues by documentary photographer Tish Murtha. This was followed by Africa Barrero-Alexander's image Seventh Day from14 October to 27 October 2024, which was inspired by the Tish Murtha Archive and selected by Photo Fringe and Peckham 24. These short exhibitions were connected to The British Culture Archive exhibition ‘Documenting Your Community’ presented at 3-4 Dukes Lane during October 2024, part of Brighton’s Photo Fringe.

MAKING SPACE & EXPERIMENTAL PROJECTS

Fabrica hosted seven Making Space and experimental work in progress projects between April 2024 and March 2025.

17-21 June 2024 – Turning my Cello Round - Bela Emerson: A socially engaged artist, musician, and facilitator, Bela explored how musical composition, and relational movement links to her more established practice of musical improvisation. The residency served as the final part of a year of activity she has been undertaking to develop her creative practice, supported by a Developing Your Creative Practice award (Arts Council England).

Page: 10

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

8-12 July 2024 – The Paravilion – Antivoid Alliance: Artists collective Caleb Madden, Yumino Seki, Grant Cieciura, Tiago De Sousa, and Luke Pendrell have worked together since 2018, exploring the intersection between radical politics and performative artmaking. Resisting group hierarchy or formal affiliation, they operate as a shifting configuration of collaborators working across moving image, dance installation and sound. For their residency, they built a makeshift pavilion (or ‘parasite’ space as they also described it) within the space at Fabrica which was creatively inspired by the culture, aesthetics, and technical lay-out of the Karaoke room, in particular its special ability to focus moments of consumer desire and fantastic irony. Over the five days of their residency, Antivoid Alliance used their paravilion as a focus for developing this new work via discussion, play and performance – initially just for the artists in the collective, then opening out the experience to a public event on the last evening of the residency.

30 September- 4 October 2024 – Origination - Katy Beinart and Rebecca Beinart

Artists and sisters Katy and Rebecca used their Making Space residency to review their collaborative practice. Focusing on ‘Origination’, an ongoing project they began in 2008, that includes seven exhibitions, numerous events, screenings and talks, and a blog. Origination began as an investigation into their family history and migrations, growing into a wider project about the materiality, memory, and rituals of migration and diaspora, and using performance, sculpture, film and other media to explore recreating these lost, and invisible heritages of their own and other’s families. Katy and Rebecca used Making Space to revisit, document, and catalogue past work, exploring how it might have presence as a whole body of work, and its next creative iteration. Katy and Rebecca discussed their residency at a public talk at the end of the project.

6-24 January 2025 - Semiconductor

Semiconductor (Ruth Jarman and Joe Gerhardt) used Fabrica's main hall as a temporary studio space for three weeks to develop Light in Motion - a large-scale image capturing experiment using emerging technology they learnt about during a recent residency at the Department of Physics, University of Glasgow. During the residency, the artists hosted a small public talk to discuss the development of Light in Motion with Professor Sarah Cook, the curator of Semiconductor’s residency with the Extreme Light Group at University of Glasgow.

24-28 February 2025 – Charlotte Spencer

Choreographer and movement artist Charlotte Spencer worked on developing a new collection of making and movement-based works called we are all memory bodies for her residency . Charlotte focused on developing one work in particular: Memory table – a workshop-styled ‘performance’ which brings together 6 strangers with 2 performers through an interaction with objects, materials and storytelling, the goal being to encourage intimacy. Designed for galleries and other space where it could be helpful, Charlotte took an accessible design approach to developing the piece, testing her ideas and the techniques she had developed to date. Instead of a public talk Charlotte ran an evening session that featured two other works from the collection, in addition to Memory Table for a public audience.

3-11 March 2025 - Projekt Luma

Artists Giles Thacker and Xavier Perks (Projekt Luma) used their time at Fabrica to research and develop a new, immersive, combined arts experience: Ultravision X, which explores the electromagnetic light spectrum. Over eight days they mapped out the space into a series of ‘rooms’, developed the project alongside collaborators and presented a ‘scratch’ performance to an invited and ticket-buying audience in order to understand the audience experience.

Page: 11

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

24-28 March 2025 - Let's Talk about Death: A Creative Exploration - Luna Arts

For their residency, Wendy Pye and Dagmara Rudkin (Luna Arts) explored how creative thinking and artistic expression can facilitate more open conversations about death and dying. They ran a series of public workshops and events that put their theories into practice.

ARTIST COMMISSIONS

The Living Coast (TLC) Artist Residencies

These residencies are a paid opportunity for artists and makers living and/or working in The Living Coast area. A partnership project between Fabrica and The Living Coast (Brighton, Hove & Lewes Downs UNESCO Biosphere) artists are selected via open call.

During 2024, Fabrica was able to develop a new, funded partnership with Dr Catherine Kelly at University of Brighton. The residency opportunity Stream to Sea: The Living Coast Artist Residency was advertised via open call, with artist Emma Chow being selected. The residency centred on the parallels between Human and Water Lifecycles. During her residency, Emma researched the River Ouse and the chalk reef at the Undercliff Walk: tracing water’s journey from stream to sea and exploring how water changes, giving life to fauna and flora. And exploring how human behaviours affect bodies of water in the Biosphere. Emma ran three creative workshops in all, with participants who were 15 yrs of age (visiting international students) on 23 July; under 25 yrs (6 June) and over 60 yrs (12 June). Emma also produced an Instagram takeover as part of the residency. In part the residency’s intention was to analyse how this artist’s practice: her biography, skills and knowledge might increase Care and Custodianship for ‘blue’ spaces in the UNESCO Biosphere. The residency concluded in July 2024, with a seminar, led by Dr Catherine Kelly, that shared the learnings from Emma’s residency whilst touching on the broader programme of artist residencies that The Living Coast has commissioned since 2021.

Three Tenses: The Whitehawk Great Map

What happens when a group of renegade map-makers put Whitehawk at the centre of the world? Artist Dan Thompson is attempting to answer this question through his new artwork for Wellsbourne CIC (GP suregery) and Fabrica, Three Tenses: The Whitehawk Great Map. Inspired by the idea that maps shape the way we see the world, this new commission is exploring Whitehawk’s past, present, and future through the eyes of its young people. Working together with the artist, participants have uncovered hidden histories and reimagined their place in the world—culminating in a giant, multi-media Mappa Mundi where everything revolves around Whitehawk. Funded by a 2025 Alexandra Reinhardt Memorial Award (ARMA), the commission was advertised in autumn 2024 and selected in January 2025. Activities took place in summer 2025 in Whitehawk. A touring exhibition presenting Three Tenses: The Whitehawk Great Map and three other ARMA commissions will take place from late 2025 until 2026.

FILM PROGRAMME

Fabrica’s year-round film programme was able to deliver over 40 in-person film screenings and associated events. Fabrica collaborated with existing and new partners to present a mixture of grant-funded and partnership-supported activities. Fabrica led on the regional film programmers network, Screen Shot, which produces an online listing site and monthly newsletters.

'Finding Film’ was a project funded by Film Hub SE, supporting the delivery of our established monthly sessions with Fresh Perspectives, Fabrica’s film programmers club for 18-25yrs, who curated and ran quarterly film screenings; Do the Right Thing, Psychomania, Thelma and Louise (part of Creative Action) and All the Beauty and the Bloodshed. The group also curated 7 short films from Screen Archive South

Page: 12

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

East, exploring Political Demonstration, which were exhibited in the Fabrica Window Gallery for 5 days. The project also provided a programme of family-friendly screenings providing hands-on creative activities to engage and develop young audiences. Finding Film complimented our Into Film Festival 2024 screening for educational groups.

Fabrica took part in the national BFI Action season in October, programming ‘Creative Action’, a weekend film festival of four cross-global features alongside specialist creative enhancements, a partnership programme of animated shorts, and two inspiring and creative workshops, demonstrations and talks to engage film enthusiasts. We worked with Fresh Perspectives to curate one screening, and another was copresented with Brighton International Animation Festival.

We co-presented an array of short films made by artists and emerging filmmakers, with partners Brighton International Animation Festival, Cinecity: Brighton’s Film Festival, Filmspot, Oska Bright Film Festival, Platform Asia, Short Circuit, Short Rands - South African Film Collection, videoclub and of artist film ‘Steven’ by Melanie Manchot.

ENGAGEMENT AND LEARNING

Fabrica prides itself on being an open, safe and accessible organisation. Our historic venue is wheelchair accessible and heated so that all visitors, but particularly older visitors/people with disabilities can be comfortable. Between February and July 2025 Fabrica was able to undertake capital works that have made our building warmer, so that we are a much more welcoming venue for participants during the winter months.

In 2024-25 Fabrica was able to present a busy programme of over 200 events and activities for a range of participants at the gallery and in community settings. Our broad offer provided enjoyable, meaningful, and creative opportunities to participants and audiences that also benefitted mental health and wellbeing and increased engagement with arts and culture across and beyond the city. With a mixture of free, pay-whatyou-can and costed events, Fabrica offered an accessible programme for low-income audiences whilst also developing financially sustainable new programmes.

Chomp at Fabrica (creative arts activities for low-income families) ran during school holidays, and Messy Play (0-5yrs), delivered by partner Little Learners, took place on a monthly basis. School holiday workshops for children aged 5-12 years offered opportunities for young people to explore and experiment on their own creative terms, with a successful second annual Summer Art Club in August, all of which are led by artist-facilitator Lynn Weddle.

“I think Chomp is amazing because it brings your artistic talent into play” - Chomp participant

“I think this is the best club I have ever been to. I thought it would be like other clubs but it's been even better.” – Summer Art Club participant

Our arts for health & wellbeing programmes continued to grow and develop, reaching targeted audiences across the city:

Page: 13

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

“I want to come again. I really enjoyed myself. I was feeling really depressed and then you knocked at my door.” - Drawing and Making for Dementia participant

“The all-male group was appealing and made me feel more comfortable. I felt safe and relaxed and able to express myself.” - Men Who Make consultation participant

Fabrica cultivated 70+ partnerships to reach and work with our targeted audience groups, including:

Page: 14

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

CAPITAL WORKS

In September 2024 Fabrica secured funds from the Veolia Environmental Trust to make improvements to its building. The works included adding solar panels to the roof, creating a battery storage area for the solar electricity generated, and the installation of an air source heat pump and new radiators to heat the office areas. As well as installing secondary glazing over the large windows in the main hall, other heat loss mitigation measures such as draft proofing at all the entrances; and the installation of two bird boxes to support biodiversity at the site. These works have stabilised the temperature of the whole building with the benefit felt by all our participants and co-workers. Furthermore, the changes are improving biodiversity in the city centre and helping to reduce Fabrica’s energy bills and carbon footprint.

FUNDRAISING STRATEGY & INCOME GENERATION

Fabrica promotes a mixed model of income from public/statutory services, Trusts and Foundations, earned income, corporate sponsorship and individual giving.

2024-25 was Year 2 of a three-year period of transition in which Fabrica is rebuilding its business model, increasing its support from Trusts & Foundations and growing its earned income despite reduced staffing and an increasingly challenging funding landscape.

Throughout the year Fabrica has continued to prioritise the growth of its commercial income, largely through venue and workstation hires, café/bar sales and retail.

VENUE HIRE

Fabrica hires out its Grade II listed building for wedding receptions, parties and other events, raising its profile within the city and generating vital earned income to support the organisation and its charitable work. 2024-25 delivered a record number of 22 weddings, providing much needed unrestricted funds for the organisation. We continued to operate and develop the café-bar alongside private and public events.

Our gallery and online shop continued, although income from this strand reduced as we were presenting fewer and shorter exhibitions, which provides the footfall necessary for our retail income.

DONATIONS

Fabrica started to develop Individual Giving as an income stream in 2019, launching a membership scheme which had steadily grown to a modest but valued pool of members by 2022. Following the changes to our artistic programming, we managed to retain almost all our members through Year 1 of our transition period (2023-24). Donations have also been received from venue hire customers wishing to donate their hire deposits, via event-related donations and via our annual Christmas appeal. In 2024-25, financial support from our various communities came through: venue-based and online donations, our Fabrica Friends regular donor scheme, Fabrica’s Christmas giving campaign and early donations for our charity runners in the April 2025 Brighton 10K. Fabrica achieved a total of £6,402 in donations for the year.

TRUSTS AND FOUNDATIONS

During the year in review, Fabrica was successful in raising funds from Another Way Women’s Foundation, Art Fund, Baring Foundation, Brighton District Nurses Fund, Chalk Cliff Trust, Film Hub SE and BFI FAN, Engage, Homity Trust, Rampion Community Grants, Radcliffe Trust, Skipton Charity, Sussex Community Foundation, Veolia Environmental Trust and WG Edwards.

RESERVES POLICY

The level of reserves is monitored by the Trustees at its quarterly meetings and our unrestricted reserves are currently considered to be reasonable at £110,000 (3 months expenditure), and £25,000+ building sinking fund. Reserves are held to provide working capital especially in situations where funding is retrospective.

Page: 15

FABRICA (LIMITED BY GUARANTEE) TRUSTEES’ REPORT FOR THE YEAR ENDED 31ST MARCH 2025

PLANS FOR FUTURE PERIODS

As outlined in our overview at the beginning of this report, 2024-25 was Year 2 of a three-year period of transition in which Fabrica is rebuilding its business model, increasing its support from Trusts & Foundations and growing its earned income.

Looking forward to 2025-2027, the trustees are focused on:

STATEMENT OF TRUSTEES’ (DIRECTORS’) RESPONSIBILITIES

The Trustees are responsible for preparing this Trustees’ Report and the attached financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.

By Order of the Board: ……………………………………..

Susanne Owusu (Chair) – Trustee/Director

Date: 8th December 2025

Page: 16

INDEPENDENT EXAMINERS REPORT

FABRICA (LIMITED BY GUARANTEE)

I report on the financial statements of the charity for the year ended 31st March 2025, which are set out on pages 18 to 30. .

Responsibilities and basis of report

As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are 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 charity’s accounts as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s report

Since your charity’s gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Victoria Anderson BA(Hons) FCA DChA Carpenter Box Chartered Accountants and Statutory Auditors 2 St Andrews Place Lewes East Sussex BN7 1UP Date: 8th December 2025

Page: 17

FABRICA (LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE STATEMENT) FOR THE YEAR ENDED 31ST MARCH 2025

Note
Unrestricted
Funds
Restricted
Funds
ACE
Restricted
Capital
Grant
£
£
£

INCOME FROM
Donations and legacies
3
34,399
162,964
-
Charitable activities
5
- Artistic programmes
12,872
8,232
-
Other trading activities
4
150,093
-
-
Rental income
12,565
-
-
Investment income
2,555
-
-
Total before Museum
and Galleries Tax Relief
212,484
171,196
-
Museums and Galleries Tax Relief
22,618
-
-
Total
235,102
171,196
-
EXPENDITURE ON
Raising funds
6
50,370
-
-
Charitable activities
7
260,029
80,933
18,851
Total
310,399
80,933
18,851
Net (expenditure)/income
(75,297)
90,263
(18,851)

Transfers between funds
76,227
(76,227)
-
Net
income/(expenditure)
after
transfers
930
14,036
(18,851)

Total funds brought forward
185,324
21,154
302,090
Total funds carried forward
186,254
35,190
283,239		 Total
2025
£
197,363
21,104
150,093
12,565
2,555
383,680
22,618
406,298
50,370
359,813
410,183
(3,885)

-
(3,885)
508,568
504,683		 2024
£
218,206
46,199
157,381
12,243
1,808		 2024
£
218,206
46,199
157,381
12,243
1,808

435,837
44,542

480,379

71,483
358,993

430,476

49,903
-
49,903
458,665
49,903
-
49,903

508,568

The detailed 2024 comparative statement of financial activities is reported in note 2.

The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

The notes form part of these financial statements

Page: 18

FABRICA (LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 31ST MARCH 2025 COMPANY NUMBER: 03185119

Note 2025 2025 2024
£ £ £ £
FIXED ASSETS
Tangible fixed assets 11 354,726 309,182
CURRENT ASSETS
Debtors 12 52,393 133,180
Cash in hand and in bank 215,016 234,110
267,409 367,290
CURRENT LIABILITIES
Creditors: amounts falling due within one year 13 86,849 132,063
NET CURRENT ASSETS 180,560 235,227
TOTAL ASSETS LESS
CURRENT LIABILITIES 535,286 544,409
Creditors: amounts due after more than one year 14 30,603 35,841
NET ASSETS 504,683 508,568
FUNDS
Unrestricted funds 19 186,254 185,324
Restricted funds 20 318,429 323,244
TOTAL FUNDS 504,683 508,568

The company is entitled to exemption from audit conferred by Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements in accordance with Section 476 of the Companies Act 2006.

The trustees confirm that they are responsible for:

The financial statements were approved by the Board of Trustees on 8th December 2025 and were signed on its behalf by:

The notes form part of these financial statements

Page: 19

FABRICA (LIMITED BY GUARANTEE)

STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31ST MARCH 2025

Note
Cash flow from operating activities
Cash generated from operations
15
Interest paid
Cash flows from investing activities
Interest and rent receivable

Cash flows from financing activities
Capital repayments in year

Net increase/(decrease) in cash and cash equivalents

Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
22		 2025
£
(27,439)
(1,537)
(28,976)
15,120
(5,238)

(19,094)

234,110
215,016		 2024
£
17,334
(1,917)
15,417
14,051
(4,700)
24,768
209,342
234,110

The notes form part of these financial statements

Page: 20

FABRICA (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

1. 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 Charites SORP (FRS102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1st January 2019)’, Financial Reporting Standard FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future and on that basis the charity is considered to be a going concern.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income is deferred when fees are received in advance of the event to which they relate.

Grants

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Where grants have been received for capital projects the costs have been capitalised on the Balance Sheet and depreciation, in accordance with the accounting policies, has been charged against that income.

Grant income is only deferred when:

Donations and other income

Donations and other income is recognised on the receipt of cash.

Investment Income

Investment income is recognised on an accruals basis.

Donated goods and services have not been recognised in the financial statements.

Page: 21

FABRICA (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis including irrecoverable VAT and has been classified under headings that aggregate all costs related to the 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. Expenditure is classified under the following activity headings:

Costs of generating funds - comprise those costs incurred in venue hire and fundraising events.
Charitable activities - comprises all expenditure directly relating to the production of the events.
Support costs - include those incurred in the governance of the charity and its assets and are
primarily associated with constitutional and statutory requirements.

Tangible fixed assets

Fixed assets are capitalised and the cost written off over their useful economic lives as follows:

Leasehold improvements - period of lease. Computer equipment - 1/3rd straight line basis

Assets costing more than £1,000 are capitalised.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation Tax purposes. Accordingly the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 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.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Pension costs

The charity operates a defined contribution scheme for staff as from April 2016 administered by NEST. The employer contribution is 3% and the employee contribution is 5%.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases

Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight line basis over the term of the relevant lease.

Debtors

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.

Page: 22

FABRICA (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments. The trustees seek to use short and medium term deposits where possible to maximise the return on monies held at the bank and to manage cash flow.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

Arts Council Arts Council
England
Restricted 2024
Unrestricted Restricted Capital Grant Total
£ £ £ £
INCOME FROM
Donation and legacies 118,119 100,087 - 218,206
Charitable activities
- Artistic programmes 25,729 20,470 - 46,199
Other trading activities 157,381 - - 157,381
Rental income 12,243 - - 12,243
Investment income 1,808 **- ** **- ** 1,808
Total before Museum and Galleries Tax
Relief 315,280 120,557 - 435,837
Museums and Galleries Tax Relief 44,542 **- ** **- ** 44,542
Total 359,822 120,557 **- ** 480,379
EXPENDITURE
Raising funds 71,483 - - 71,483
Charitable activities 231,892 108,250 18,851 358,993
Total 303,375 108,250 18,851 430,476
Net movement in funds 56,447 12,307 (18,851) 49,903
RECONCILIATION OF FUNDS
Total funds brought forward 128,877 8,847 320,941 458,665
TOTAL FUNDS CARRIED FORWARD 185,324 21,154 302,090 508,568

Page: 23

FABRICA (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

3. DONATIONS AND GRANTS
Donations
Grants:
-Arts Council England – Core grant
-Sussex Community Foundation
-Southdowns Community Roots
-University of Sussex
-University of Brighton
-Chalk Cliff Trust
-Brighton District Nurses
-The Freelands Foundation
-Art Fund Student Opportunities grant
-Brighton Lions
-BUPA
-Paley Trust
-Heads On (NHS Partnership)
-Heritage Lottery Grant - Swimming a Long Way Together
-Baring Foundation
-Why are we Stuck in Hospital/Foka Wolf
-Independent Cinema Office
-Radcliffe Trust
-Altea Education Srls - Living Coast Project
-Stream to Sea (IAA fund)
-Making Space
-University of Brighton – Cinecity – Temple of Cinema
-ARMA - Engage
-Another Way Women’s Foundation
-W.G Edwards Charitable Foundation
-Department of Health and Social Care
-Brighton & Hove City Council
-The Veolia Environmental Trust
4.
OTHER TRADING ACTIVITIES
Venue hire (including bar sales)
Shop and Café Sales
5. INCOME FROM CHARITABLE ACTIVITIES
Artistic programmes
-Ticket sales and event income
-Groundwork UK
-Chomp
-Independent Cinema Office
-Veolia
 2025
£
6,464
-
8,439
15,910
7,200
2,000
5,000
5,042
-
9,988
-
-
-
3,944
-
21,344
7,000
10,562
3,000
300
4,000
2,000
4,818
5,000
4,979
1,515
7,481
4,956
56,421
197,363
2025
£
148,813
1,280
150,093
2025
£
18,040
1,000
2,064
-
-
21,104		 2024
£
6,179
105,497
15,750
18,997
-
-
5,040
2,500
600
8,957
200
446
800
17,492
35,748
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2024
£
6,179
105,497
15,750
18,997
-
-
5,040
2,500
600
8,957
200
446
800
17,492
35,748
-
-
-
-
-
-
-
-
-
-
-
-
-
-
218,206

2024
£
155,996
1,385

157,381


2024
£
28,138
375
-
17,186
500
46,199

Page: 24

FABRICA (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

6.
RAISING FUNDS
Cost of venue hire
Café expenses
Shop expenses
7. CHARITABLE EXPENDITURE
Unrestricted
Restricted
DIRECT COSTS
£
£
Premises costs
Rent
5,612
-
Rates and water
1,978
-
Insurances
8,942
-
Light and heat
5,712
-
22,244
-
Gallery costs
Repairs and maintenance
14,315
-
Salaries, artists curators’ fees and
exhibition costs
205,316
80,933
219,631
80,933
Other direct costs
Printing, postage and stationery
1,709
-
Telephone
1,044
-
Other office expenses
3,636
-
Depreciation
4,789
18,851
11,178
18,851
253,053
99,784
SUPPORT COSTS
Governance costs
Accountancy
4,900
-
Bank charges
349
-
Bank loan interest
1,537
-
Trustees’ meeting expenses
190
-
6,976
-
TOTAL
260,029
99,784		 2025
£
32,211
17,792
367
50,370
2025
Total
£
5,612
1,978
8,942
5,712
22,244
14,315
286,249
300,564
1,709
1,044
3,636
23,640
30,029
352,837
4,900
349
1,537
190
6,976
359,813		 2024
£
68,998
1,796
689
71,483
2024
Total
£
5,612
1,690
8,420
4,601
20,323
33,501
275,281
308,782
1,429
1,140
-
20,531
23,100
352,205
4,325
205
1,917
341
6,788
358,993

Page: 25

FABRICA (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging

Operating lease rentals – property
Accountancy
Depreciation		 2025
£
5,612
4,900
23,640		 2024
£
5,612
4,325
20,531

9. TRUSTEES’ REMUNERATION

No Trustees, or connected persons, received any remuneration or reimbursed expenses during the year.

10. STAFF NUMBERS AND COSTS

The average number of employees during the year was 11 (2024: 12) calculated on a monthly head count. No employee received emoluments over £60,000.

The aggregate payroll costs in respect of these employees were:-

Wages and salaries
Social Security costs
Pension Contributions		 2025
£
159,600
5,636
2,924
168,160		 2024
£
159,013
4,863
3,006
166,882

The key management personnel of the charity comprise the trustees along with the director, business manager and financial administrator. Total employee benefits of the key management personnel were £72,614 (2024: £65,427).

11. TANGIBLE FIXED ASSETS

Long
Leasehold
Computer
Equipment
£
£
Cost
As at 1 April 2024
673,708
21,782
Additions
69,184
-
As at 31 March 2025
742,892
21,782
Depreciation
As at 1 April 2024
364,527
21,781
Charge for the year
23,640
-
As at 31 March 2025
388,167
-
Net Book Value
As at 31 March 2025
354,725
1
As at 31 March 2024
309,181
1		 Total
£
695,490
69,184
764,674
386,308
23,640
409,948
354,726
309,182

Page: 26

FABRICA (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

12. DEBTORS
Trade debtors
Other debtors
13. CREDITORS: AMOUNTS FALLING DUE WITHIN
ONE YEAR
Bank loan
Trade creditors
VAT
Other creditors
Deferred income
Accruals
14. CREDITORS: AMOUNTS FALLING DUE AFTER
MORE THAN ONE YEAR
Loan
15. RECONCILIATION OF NET (DEFICIT)/SURPLUS TO
NET CASH INFLOW FROM OPERATING ACTIVITIES
Net (deficit)/surplus for the year

Finance costs
Interest received

Rental income
Depreciation
Purchase of assets

Decrease/(Increase) in debtors
(Decrease)/Increase in creditors

Net (outflow)/inflow from operating activities		 2025
£
29,775
22,618
52,393
2025
£
5,756
6,105
2,642
1,205
63,241
7,900
86,849
2025
£
30,603
2025
£
(3,885)
1,537
(2,555)

(12,565)

23,640
(69,184)
80,787

(45,214)
**(27,439) **		 2024
£
88,654
44,526
133,180
2024
£
5,599
14,706
6,476
503
100,779
4,000
132,063
2024
£
35,841
2024
£
49,903
1,917
(1,808)
(12,243)
20,531
-
(68,924)
27,958
17,334

Page: 27

FABRICA (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

16. SHARE CAPITAL

Fabrica is a company limited by guarantee registered in England and Wales and has no share capital. No one member has overall control of the company.

In accordance with clause 7 of its Memorandum of Association every member of the charity undertakes to contribute such amount as may be required (not exceeding £10) to the charity’s assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member.

If the charity is wound up or dissolved and after all its debts and liabilities have been satisfied there remains any property it shall not be paid or distributed amongst the members of the charity but shall be given or transferred to some other charity having similar objectives.

The company’s registered number and registered office address can be found in the ‘Legal and Administrative Information’ section of the financial statements.

17. RELATED PARTY DISCLOSURE

There were no related party transactions for the year ended 31 March 2025 (2024: Nil).

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible
Fixed
Assets
Net
Current
Assets
Creditors
due after
more than
one year
2025
Total
£
£
£
£
Arts Council England
– Restricted Capital Grant
283,239
-
-
283,239
Restricted
-
35,190
-
35,190
Unrestricted
71,487
145,370
(30,603)
186,254
354,726
180,560
(30,603)
504,683		 2024
Total
£
302,090
21,154
185,324
508,568

ANALYSIS OF NET ASSETS BETWEEN FUNDS (Prior Year)

Tangible
Fixed
Assets
Net
Current
Assets
Creditors
due after
more than
one year
2024
Total
£
£
£
£
Arts Council England
– Restricted Capital Grant
302,090
-
-
302,090
Restricted
-
21,154
-
21,154
Unrestricted
7,092
214,073
(35,841)
185,324
309,182
235,227
(35,841)
508,568		 2023
Total
£
320,941
8,847
128,877
458,665

Page: 28

FABRICA (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

19. UNRESTRICTED FUNDS

Balance Income Expenditure Transfer Balance at
At 1 April between 31 March
2024 funds 2025
£ £ £ £ £
Unrestricted Funds
General Reserves 185,324 235,102 (310,399) 76,227 186,254

UNRESTRICTED FUNDS (Prior Year)

Balance Income Expenditure Transfer Balance at
At 1 April between 31 March
2023 funds 2024
£ £ £ £ £
Unrestricted Funds
General Reserves 128,877 359,822 (303,375) - 185,324

20. RESTRICTED FUNDS

Balance Income Expenditure Transfer Balance at
At 1 April between 31 March
2024 funds 2025
£ £ £ £ £
Arts Council England –
Restricted Capital Grant 302,090 - (18,851) - 283,239
Veolia capital fund - 56,421 - (56,001) 420
Various – Men in Sheds 3,800 15,910 (19,710) - -
Audience Development 12,411 55,549 (38,131) (8,052) 21,777
Art Students 4,423 9,988 - (5,418) 8,993
Artist Programming - 10,000 (5,743) (257) 4,000
Film - various - 16,328 (16,237) (91) -
Artist Resource 520 7,000 (1,112) **(6,408) ** -
323,244 171,196 (99,784) **(76,227) ** 318.429

Page: 29

FABRICA (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

20. RESTRICTED FUNDS (Prior Year)
Balance
Balance Income Expenditure at
At 1 April 31 March
2023 2024
£ £ £ £
Arts Council England – Restricted
Capital grant 320,941 -
(18,851)		 302,090
Various – Men in Sheds 3,507 18,997
(18,704)		 3,800
Heritage Lottery Fund - SALWT - 35,748
(35,748)		 -
Audience Development 4,025 38,919
(30,533)		 12,411
Brighton Dome and Festival 1,315 -
(1,315)		 -
Art Students - 8,957
(4,534)		 4,423
Film – Various - 17,186
(17,186)		 -
Artist Resource - 750
(230)		 520
329,788 120,557
**(127,101) **		 323,244

21. OPERATING LEASE COMMITMENTS The minimum lease payments falling due for operating leases expiring in more than five years is £25,000.

22. CASH AND CASH EQUVALENTS

Cash and cash equivalents
Cash and cash equivalents
23. ANALYSIS OF CHANGES IN NET DEBT
At
Net cash
Cash at bank and in hand
Debt
Debts falling due within one year

Debts falling due after one year


Total		 2025
2024
£
£
215,016
234,110
2024
2023
£
£
234,110
209,342
1 April
2024
Cashflow
At 31 March
2025
£
£
£
234,110
(19,094)
215,016
(5,599)
(157)
(5,756)
(35,841)
(5,238)
(30,603)
(41,440)
(5,395)
(36,045)
192,670
(24,489)
178,971

Page: 30