2020-09-30-accounts

11Arches Limited (fomierly Eleven A￿hes> (A Charltable Company Llmited by Guarantee) Trustees, Report and Consolidated Financial Statements For the year ended 30 Septembgr 2020 Company Numb¢r 09055646 Charity Number 1159011 AA7RKGIIR A24

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COMPANIES HOUSE

11Arches Limited Iformerty Eleven Arches) IA Charitable Company Limited by Guaranloo) Reference and administrative infomiation Trustees S Hall (Chairl J Ruffer S Mcmanners (resigned 16 May 2020) L Greig D Tindall N O White {appointed 17 June 2020) KEld Key management personnel Al Daulon J Rutherford A Wamecke D Boissinot J A￿StrOng O Wanley G Smith G Emerson C Boissinot M Amstrong K Haffpenny S Sinclair N Winterbottom A Baxter Chief Executwe Offi￿r Chief Operating Officer Head of Cavalry Senior Production Advisor Interim Director of Markeling & Sales Head of Business Development & communi￿tIon Technical Director Oirector of Technical Propcts Creative PrOdU￿r Head of Volunteer Castir¥J. Finance Controller Head of Technical Operations Head of Technical Operations Head of Sales & Matheting Reglstered office and Princlpal place of business Flatts Fami Tomnto Bishop Auckland County Durham DL14 7SF Charity number 1159011 Company number 09055646 {England & Wales) Audilor RSM UK Audit LLP .1 Sl James Gate Newcastle upon Tyne NE14AD

11Ar¢hes Limited (formerty Eleven Arches) (A Charitable Company Limited by Guarantee) Principal bankers Barclays Bank PIC . 6 Market Place Dufham Co Durham DH1 3NB Page 2

11Arches Limited {forfflerly Eleven Arches) {A Charitable Company Limited by Guararhtee) Chief Executive's Report We never cancelled a show. so to not be alloNd to open this season dS heart-breaking. As a result of the pandemic. the situation of 11Arches Limited (fornedy Eleven Arches) was not dissimilar to so many cultural venues across the country. 11Arches Limited {fomierly Eleven Arches) operates on the previous yearfs pr(xeeds. wrthout any public funding- so not having revenues at all in the only season in the year we are open was a ma55ive blow. Especially as we invested so much in the new Park. We look stock of the situation. Icx)ked into the rarnifications and are now working hard on rising again from the ashes of season 5. Kynren means so much to so many people. We all knew thal and Ihis is why we cared so much. To ensure we did not fall victim of Ihe pandemic. Jonathan Ruffer offered to undernrite the 2021 season of Kynren. and we are immensely gratefijl for his generosty. This allows us to say out loud.. YES we will open next year. to our and our visrtors. greatest joy and to keep the legacy alive for our children and grandchildren. No one will forget 2020, bth it will be only one year in a much longerjoumey. Anne-lsabelle Daulon, Chief Executive. 11Arches Limited (fomedy Eleven Arches) Page 3

11Ar¢hes Lirnited IformeAy Eleven Arches) IA Charitable Company Limited by Guarantee) Report ol the Trustees for the year ended 30 September 2020 The trustees (who are also directors of the charity for the purpose of company law) present their annual report and audited financial statements of 11Arches Limited (fomerfy E￿Ven Ar¢hes) {the charity) for Ihe year ended 30 September 2020. On 15 April 2021. the charity changed its name al Companies House to 11Arches Limited The financial statements compty v•ith the Memorandum and Articles of Assockqtion and the requiremenls of the Charities Act 2011. the Companies Act 2006 and Accounb'ng and Reporting by Charities.. Ststement of Recommended Practice. applicable to charities preparing their accounts in accordance with the Financial Reporting StaThJard applicable in the UK {FRS102) leffecbve 1 January 2015). StruGture, GovernanGe and Management Governing Documents The charity is registered as a tharitable company limited by guarantee. was set up by a Memorandum of Association signed on 16th May 2014 and was incorkKtrrated on 23rd May 2014. The charity is constituted under ils Memorandum of Association and is a registered charity. number 1159011. The Articles of Association have been approved by the Charity Commission as follows.. The objects of the Charity are Specif￿allY wtricted to the followiNJ.' To advance education for the Publ￿ benefit by any or all of the fr•llov4ing means.. historical and herttage productions and perforniing arts projects that celebrdte and promote the unique history of Bishop Auc￿and and the sum)unding area. and increase knowledge. understanding and appreciation of matters of tK)th Iwal and national historic intere51 providing after school and training programmes for young people Ihat are designed to build skills and self-confiderKe. To advance community development for publK benefrt by the promotion of volunteer progrdmmes that encourage cornmunity wide involvement in the charity's historical and heritage productions and perfonming arts projects. The trustees and officer5 5eNng during the year and since the year end were as folbws: S Hall (Chair) J Ruffer S Mcmanners (Resigned 16 June 2020) L Greig D Tindall N White (Appointed 17 June 20201 KEld Appointment. Induction and Training of Trustees The management of the charity is the responsibility of the trustees. New trustees Nvill be $818Cted by existing Iruslees and wll be appointed by Members of the chartty. Each trustee, as a mernb8r. 15 a guarantor of the chanty lo an amounl not exceeding £1 in Ihe event of the charity being wound up. New trustees undergo an orientation day to brief on: their legal obligations under chaiity and company law. the Charity Commission guidance on public benefit, and infomi them of the content of the Memorandum and Article5 of Asswation, the commiltee and de¢iwn-making priKesses. the business

11A￿he$ Lirnit¢d (formerfy Eleven Arches) (A Charitable Company Limlted by Guarantee) Report of the Trustees for the year ended 30 September 2020 (conlinuedl plan and recent financial Performan￿ of the ¢harity. During the induction they meet key employees and other Iru5tees. Trustees are encouraged to attend appropriate exlemal training events where these will facilitate the undertaking of their role. Objectives and Activities Kynren. an epic tsle of England. is an open air night spectacular inspired by the Opening Ceremony ot London 2012 and ternplated from the award winning 'Cineseenie' from Puy du Fou IPDFI. It is the main production of 11Arches Limited Ifomiedy Eleven Arches)- Kynren is part of a very ambitious scheme to build a world class wsitor destination in Bishop Auckland, around Auckland Caslle. This is the vision of philanthropist and investment manager. Jonathan Ruffer. 11 Arches Limited Ifomiedy Eleven Arches) is one of charities he has established in Bishop Auckland. the other being The Auckland Project. Together. the aim of the charitie5 IS to establish Bishop Auckland a$ an intemational tourist destination. attracting Visitors and inveslment which will contribute lo the betterment of the area and empO￿nnent of ￿ communty. Mission Statement 11Arches Limited (fomierfy Eleven Arches) is a registered charity wth the objective to produce a world lass historical show. the foundation of which is an innovativeand engaging arts. education and community development programme. 11Ar¢hes Limited Ifomiedy Eleven Arches) is a catalyst and driver of change which will dramatically shrft the paradigm of the North East. by adding a national tourist de5tinats.on lo the region that delivers tangible, measurable, signifficant 50¢ial and economic impact. 11knhes Limited (former￿ Eleven Arches) is a celebrdtion of heritage bringing our history to lrfe in a spectacular show by a cast and crew drawn from the communty based on Puy du Fou's award winning model in VerKlee (France). Objective5 11Arches Limited {formerly Eleven Arches) is committed to deliver Kynren as a must-see show year after year. Kynren is a worfd class display of technical and artistTC perfomance. orchestrated by a cast and crew of volunteers of utmost professionalism. ¢wting enthrdlSing ￿ucatiVe entertainment and a high quality experience to its visitor5. Kynren's success is measured by the rating given by our visitOTS to Kynren. and the enjoyment its cast and crew tske in bringing Kynren to lrfe. We acknowledge that the cofflerstone of Kynren's longevty is to exparxj into a dayts'me offer, to support its commercial success. Therefore the expansion should be the key strategic objectNe to focus on for the next three seasons, alongsde the further establishtr￿nt of Kynren. Actlvltles The sustainable success of Kynren ks the key obiectNe of the organisation.. the extension into a daytime offer wa5 sought to widen the audience demographi¢5. to ignite aYrn￿neSS and interest for our Page 5

11Arches Limited Iformerfy Eleven Arches) IA Charitable Company Limited by Guarantee) Report of the Trustees for the year ended 30 September 2020 (continued) productions and trj contribute as an addrtional source of funding for the charitable objects of 11Arches Limited Iforrnerty Eleven Ar¢hes). The creation of the Park - is a strategic exlenwon of the successfvl concept of Kynren of a live acts'on and epic show, presented in a daytime fomat wth similar high production values,. this is to er￿?Urage engagement with Kynren, attract wider demographics lin particular families with young Children) and provide further support to the establishment of Bishop Auckland as a Tourist Desbnation. The multi-year development plan lo create the Park had sel the following milestones.. 2020 would see the production of additional shows and experiences to our Kynren visitor5 as proof of concept. followed in 2021 wTrth a proper launch of the Parf( as a separate ticketed attraction. and from 2022 onwards continued organic expansion of the offering and move to a seasonal opening. In 2020, our goal was lo produce a mid afternoon to late aftemoon experience leading up to Kynren. and ticketed in combination wth Kynren. Research shows that Festivals are immensely valuaue in place making and the creats.on of visitor destinations. We looked at the feasibility of organizing g festival to attra¢t audiences that are not currently within Kynren's Core audience. visitors from the region as well as festival go8r5 fTOrn all over the ountry. In that contexl. the focus for 2020 was threefold: 1. to produee the fifth season of Kynren. an epic tale of England. 2. to produce the first iteration of a daytime offer for Kynren Vi$ilor8. 3. to research the production of a mass scale evenL On the Kynren side. the activibes We￿ those of the annual production cycle.. recruitment. onboarding and training of the cast and crew that or¢hestrate it. production of the show including the creation of any enhancement to the show ilseff. For the Park. creative and pre-production works ￿￿e launched for additional experiences complementing those in existence.. script writing. design and production of sets. sceneries, o)stumes, props. construction of attractions. Planning and preparation started in eamest for the five season of 'Kynren - an epic tale of England, in July 2019. Leveraging our unparalleled expertise in fire4Jased special effects and Irve shows. a newfamily fccused attraction was launched: The Park. tr) complement the multi-award winning Kynren evening perfomianc85. Sold as a combined ticket and set in the beautiftjlly landscaped grounds of Kynren. The Park offered visitor5 an action-parked afternoon offun and new experien￿ including an electrifying Horse Stunt Show. Ihe Maze of Fame with a cast of coiourful, iconic characters and the mini explorer5. themed Adventu Playground which sat alongside existing favouriles the vrdlkthrough Viking Village. Animal Croft and Georgian Shop. Live Music on the Lake and new dining experiences completed the offering. Tickets went on sale in November 2019. For the mass scale event. we underwent co￿1 development, feasiblity. curatiNJ and pre-prOd￿tion. 14ge 6

11Arches Limited (forrnerly Eleven Arches) IA Charitable Company Limiled by Guarnnteel Report of the Trustees for the year ended 30 September 2020 (continued) As lo¢kdiMn hit the country, tsur activtlies radically stalled. and in absence of government guidelines to reopen a venue vthh live perfomances. were forced to accept we We￿ not allowed to open to the public to present our 2020 Season. Organlsation Structure and Delegated Responsibility The board of trustees administers the charity. The board nomially rnee15 quartety. A Chief Executive is appointed by the Irustees to manage the day-lo-day operations of the charity. To facililale effective operations, the Chief Execulrve has ¢Jelegaled authority. within terrns of delegation approved by the trustees. for all opefational matters including finance. employment. and artistsc perfomiance related activity. Pay policy for senior slaff The directots consider the board of directors. vtho are the trustees. and the senior Management team comprise the key management personnel of the charty in charge of directing and controlling, running and operating the Gharity on a day to day basis. All directors give their time freety and no director received remuneration in the year. Details of directors, expenses and related party trdnsactions a￿ disclosed in note 8 to the accounts. The pay ofthe seniorstaff is reviewed annually. In wew 0ftr￿ nature ofthe charity. the directors benchmark against pay levels in line with similar organisatts)ns. Page 7

11Arches Limited (formerly Eleven Arches) {A Charitable Company Limited by Guarantee) Report of the Truslees for the year ended 30 September 2020 (continued) GROUP STRATEGIC REPORT Season Review: a¢hievements and perfornlance for the period Nothing is mor8 imFK)rtanl to us than the health and safety of our community. Around the worfd, nations were facing the worsl health crisis in decades, and as the spreading of the COVID-19 coronavirus vras accelerating. we feti that the priority was to contribute to the natsonwid8 8ffort to contain the spread of the virus and lo protect the Archer famity and in tum their families-. to that end. in eatly March and well before the govemment issued restrictions. we acknovledged that some disruption to our way of life would be here for the foreseeable future and. therefore. we must adapt and reasses5 how we live, how we interact socially, how we conducl business etc. Extraordinary times calling for extraordinary measures. V￿ cancelled all trdining. rehearsals and activities. And yet to get ready for the 2020 season. had a very ambiiious building. landscapin9. production programme. These remained our focus. adjusting some timelines lo retain our ats'lity to open lo the public. We ￿VieWed consiantly what is bu5inessvCritical and what is not. vthat we can control and what we can't. Our top priority remained to Protect Kynren and all those who are invofved in bfinging il to life every season. The situation was unprecedenled and changed daily. So we accepted that things beyond our ¢ontrol Were likely lo interfere with our plans. In particular the exit strategy out of lockdown would dictate the new conditions we would find oursefves in- without any detail. it felt very premature for any of us to speculate what would or wouldn't be in place. and what r( meant for us. Once in possession of facls, we would assess the silualron arkj lake stock of the impiications for Ky￿￿ft. Like many other organisalions. we had lo adjust quite radically to the environment in order to keep our head above water. However, unlike other events that had to cancel already early in the Spring because their produclion process wms compromised irrevC￿abty. we were in the fortunate situation that W￿ did not depend on international travel lo produce Kynren. During the Spriro, with informats.on available and in the ab5enee of Govemmenl advice to the contrdry. Y￿ V￿re still intending to proceed wilh our plans to open our newly designed Park and Kynren as scheduled on 1S1 August. We did all we ¢ould to keep alive the option to open. rather than pull the plug altogether early. in the event we are allowed to open later this Summer-lhis may well have been in late August or only in Seplember, il could be one or a small handful of shows. This was not lo say we assumed it would be possible, but we chose not lo give up on the possibility to have a Season 5. unusual as it was. Over 2 few months. we tried to prepare for every possible scenario. in the hope that the management of the pandemic in the UK wnuld create a favourable context in lime for our opening. as we had witnessed in continentsl Europe. All we could do was prepare. be ready to throw avrdy plans spent hours preparing and design new ones as circumstances eV0￿ed. be fiexible. do our Lrtmost to deliver Kynren and The Park, and hope forthe best. We completed the Park creations. we re-rigged the sile ready for our visitrs. we planted thousands of trees, Standing ready to welcome our learns back on srte for rehearsals and to open lo the public. We never got our eyes off the safety and comfort of Archers and our visttors in every plan we drew. And yet, in early Summer significant hurdles remained. completety out of Control; lo proceed a5 hoped and planned. we needed clear b'melines and specific guidance for travel and the hospitality. leisure and perfoming arts sectors, and updated soaal dISts￿lng rules allowrng a return lo activity. Sadly this did not materialise. Page 8

11Arches Limited (formerly Eleven Arches) IA Charitsble Company Limited by Guarantee) Report of the Truslees for the year ended 30 September 2020 {¢ontlnued> Once we pulled the plug on Kynren and the Park. we worked hard al keeping momentum for the Fall.. we opened our site to Covid testing mobile units from the Amy to o)ntribule where we could. Behind th8 scenes, the Svmmer saw so many Slops & Start5.. Since our now very small team was brought back from furlough in September, we've been working on 2021. wilh one overriding objective.. WE WLL OPEN IN 2021. Staff update As our activity stalled in late Summer l eady Spring. V￿ decided lo use the Govemment Job Retention Scheme lo protect jobs among our team for as long as we could. In the Fall we ackrwtedged our activity levels would be impacled well into 2021. We took stock that we have to keep doing what we are still able or allowed to do. but drfferently. unlil better days come. We made very difficult decisions about how to shape the organizalion. Previousty we had created a staff stfucture ready not just for Kynren. bul mainly for the multi-year development plan to create the Park. with the targets of a proof of ¢oncept in 2020, a soft launch in 2021 and a more intense opening schedule from 2022. Not only had the Covid pandemic pushed our timescales by a year at 2 minirnum, but we expected more uncertainty for the British consumer and a continued lack of visibility ￿ the operational feasibility of our 2021 plans. As a consequence. we were forced to size Ihe team for the downtime of the Kynren ou1￿f-sea$0n, and decided to grow the team seasonally as we gear up to opening. Economic benefit 1 IArches Limited's {f0mler￿ Eleven Arches) mission 15 to prTrJwR Kynren as wortd4ass show, to be a 'Irip attractorf, encouraging ovemighl visits to County Durham and bringing tourism4elated expenditure. capital investment and jobs. 11 is the ovemight visitors make a signrficant dtfference to the regional economy." while day trippers typically spend £20.18 per day, ovemight visitors are likely lo spend £169.14, a driver for the creation of jobs. Offsite lourism expenditure around Kynren is expected lo be in the region of £4.75million per annum. and that will be compounded by what is spent at other attractions vthen visitors build a short or long-stay around the show. Looking ahead Our five-year vision inspires the next legs of OLf developm8nt. In 2023. 1 IArches Limited [ft￿eTlY Eleven Arches) is the successfvl operator of the bwgest nwht show in the UK.. more visitors year after year are left in awe. not just with the spectade itselfbut with the fact it is entI￿lY orchestrated by a cast and crew of vdunlaers. The c¥)mmunity has found a new sense of purpose and￿￿ts in welcoming visitors to this incredible sel of performances from all over the county and even internationally. Th8 combinat￿n of entertainment and education has won faMil￿S over. making 8ishop Auckland a thriving day and nighl tourist deStinat￿n.. visitors are now enjoying mLYe activities from 11Arches Limited (ftymerly Eleven Arches), establishing its brand fvmly as a thdely acdaimed leisure deslination. Page 9

11Arches Limited {formerly Eleven Arches) (A Charitable Company Limited by Guaranteel Report of Ihe Trustees for the year ended 30 September 2020 (continued) On 23 June, we made the dfficutt d￿slon to ¢an¢el Ihe 2020 perfomiances as 8 result of Ihe ¢oronawrus. With the public support of our co founder. Jonathan Ruffer. via his charity Lemwiere Pringle 2015 we will relurn in 2021. This vision is built on continued and confimied success for Kyn￿n year after year. Therefore. our efforts and time are firmly f￿￿Sed on producing Kynren a5 a world class shr)w. Risk assessment 11Arche5 Limited Ifomierty Eleven Arches) combines a number of characlerists'cs that make il risky in nature: a young start up. a new breed of visitor altraction. its scale Sin￿ in￿pIlon. its boldness. Being only in our frfih year of operalion. rt is still the beginning of a long joumey. It comes as no surprise that senior management kept a clear focus on rnanaging and controlling the risk. Establishing processes fit for a going GonGem remain5 high on the agenda. The risks and uncertainties were identified as fo11ry￿S'. ontinued recruitment and retention of volunteers to ensure the appropriale running of the show- volunteer attrition is a given as life demands w￿1gh on uninterrupted comrnilment to a project- even and especially given the seasonalty of Kynren-related activities (Spring and Surnmer). a new breed of visitor attraction means that we require to build brand and concept awarene5S from near scratch - this creates a high level of uncertainty and risk lo licket sales. a new breed of production also means that the skills are ￿1 readily available on a like for lik6 basis. especially in the region. for staff and experts V•t wish to engage on the project". a visitor attraction in its fifth year of operation means that (x)nsolMlating audien￿5 y￿thin the regional 30-60 min radius and search for new ones twnd is needed. and yet this tskes consKlerable lime and money to achieve. Funding needs are likety to be high unlil the operations reach a stable year, Exposure to the financial health of the British wisumer as the ￿aniSation se115 a diSG￿tionary product. Management maintained a risk register as a live document assessing all Current risks for the organization for its fourth year of production across all departmenis. It idenlrfies the major risks the charity faces. the likelihood of Cjccurrence, the potentsal impact of the risk, as well as any miligalion in place. 11 proactively seeks to idenlfy any actions and resources necessary lo manage these risks and reduce the risk profile of the organisabon. The Trustee Board is reswnsible for the oVers￿ht of the iisks the charity faces. Trustee Board re9ulady reviews the charity's risk position. intemal controls and complHrKe with relevant statutory and governance regulations. Relatod parties The charity and The Auckland Project (TAPI have a close working relationship. TAP was sel up lo own and enhance Ihe Castle and the other buildings of national. archileclural. historic or artistic interest for the Page 10

11Ar¢hes Limited Ifom)efly Eleven Arches) (A Charitsble Company Limited by Guoranlee) Report of the Trustees for the year ended 30 September 2020 (continued) benefit of the public. This indudes the developThEnt of buildings to receive two national exhibitions. "Failh. and a permanent Spanish art gallery to contextU81ise the thirteen paints.ngs of Jacob and his ￿e1ve sons painted by Francesco de Zurbaran housed in the east￿. a walled garden with a restaurant. a park. a Viewing Tower, a Mining Art gallery and a research centre. Jonathan Ruffer is TAP'S Founder and rt is his vision to see the two charities both Work to bring regeneration through heritage to the reg￿tyn. By creating a national quality visitor-hub and night show centred on Auckland Castle and extending il into Bishop Auckland and Ihe surrounding area. the aim is to be a catalyst for change. growth. renewal and ￿norn￿ opportunity. Nick Tumer vtss the Chairman of TAP and a trustee of 11Arches Limited Ifom)ety Eleven Arches) until September 2019. The chanty also has a close working relat￿nshIP wth Lempriere Pringkg 2015 and the charity has received substantial financial resources from Lempriere Pringle 2015. Jonathan Rvffer is a trustee of both the charity and Lernprie￿ Pringle 2015. Further detailed inf(Kmation on related parbes in in¢I￿led in note 22 of the financial ststements. Public benefil The Iruslees have due regard to the guidance ty the Charity Commission on public benefit. The charity's activities encompass a number of the charitable purposes v•hich a￿ referred to in the Charities Act 2011, in particular the drawing together of the I￿1 communty and the opportunities members of the local community of all ages. education and skills have of participating as volunleers in the show and the range of educational beneffts through leaming nww skills and audience eduCat￿n. Fundraising The charity does not work with commercial participath or professK)nal fundraiser5 and does not engage third parties to undertake fundraising activities on its behalf. Impact and value 11Arches Limited {formerty Eleven Arches) researched the extent to which the Kyn￿n experience, its first year, has helr*d to advance its aims of education and communty development. A report was commissioned to kK)k al the impact of the project on the volunteer workforce {known individually as Archers) and at their perceptions of what the Trust. through Kynren. is achieving. The findings of the fifst season are merety thefirsl instalm8nt of the story of the impact of 11Ar¢hes Limited {fomierfy Eleven Arches) on the fortunes of Bishop Auckland and the surrounding area, in the long temi. Findings of ea¢h addth'onal year of OFeration a￿ tonsolidated and support similar trends. Volunteers. motivalions Kynren, in its first year. has been a st¢)ry of individua15 and famity groups voiunteering their tirne and effort, largely for the benefit of the wider communty. While there is substantial evidence of change and gains for individual Archers. Kynren is a b)Id undertaknng by a community f<y a community. Many Archers have cited. among their rnotivations for getting involved. the fact that 11Arches Limited Iformedy Eleven Arches) is working for a better future for eishop Auckland. They either remember the town as a different kind of place or can sense ils potential and vranl to see th8 charity succeed. Although uncertsin about what the project rnight entail or lead to. large number5 of local and nol-$04ocal people Page11

11Arches Limited (formerly Eleven Arches) {A Charitable Company Limited by Guarantee) Report of the Trustees for the year ended 30 September 2020 (continued) recognised that its realisation w(KJkl depend on the involvement of hundreds of volunteers and the commitrnent of thousands of hours of voluntary worf(. Curious. available and wtlh a sense of responsibility for the success of the project. they signed up. Of the many local re&dents v4ho were initially. or mainly. attracted by the opportunty to pursue an existing interest le.g. acting, dancing. building. making. sewng. riding) or develop a new one, lo make friends or add lo Iheircv (in pursuit of further study oremploymenl), m051 have become aware of, and are impressed by. the potential impact of their involvement on their community- From the secorKI season onward. motivations have become more diverse, as the show w25 now a tangible fa¢t, something rnany had seen before joining, and the Kynren experience was articulated by a first year of veterans. Existing Archer5 from the first season were strong advocates and endoT5ed a bigger role front line in the ￿rUitMent of the secorKI season. The appeal to families and friends A large number of Archers had family or friends iaking part. The weekend rehearsals meant it was. in many cases, more feasible for someone wth a family to commit the time needed if other members of the family were taking part too, but larnilies became involved in drfferent ways and at different paces. In some cases, they were led by a young person's interest. in others by an adult's and in a few cases by a parent child combination. 'It was an opportunity for me and my son lo do something together., wrote one mother. 'We made the decision, as a family, to do it together., explained another. There We￿ examples of family member5 and friend5 attending an audition session together and signing up togelher. vthile others brought relatives and friends along at a later stage. The attraction of Kynren to families and friends helped to ensure retenlion of volunteers because, when the commitment has been made jointy. an individual is much less likely to fall away. The location of the site. necessitating shared lift5. also added to the sense of 'doing this togetherf. While some friends opted for the same team. family members (because of their different ages, gender and interests) were often drfferent teams. Archers have described the friendty, inclusive character of 'the Kynren family, and there is no evidence that those who knew no one else vthen they joined felt any less involved than those %tho came companions. Mutuallty Mutuality (or interdependence) ha$ been a prominentfeature of Kynren. Every Archer belorwl to a team, wilh a team leader. Team members worked together. developed their own practices le.g. bringing food to share, printing team l-shirts), supported each other. became friends, welcomed newcomers. overcam8 occasional tensions and became stronger as indiwduals and as a team. .1 loved that sen$8 of belonging., Diversity and so¢ial capltal The Archers are a diverse group with different social. cultural and family backgrounds and drfferent life experiences, ouuooks and aspiralions. Nearty 80°A of Archers in 2019 Iwe in Bishop Auckland and the surrounding area with 200/0 living elsewhere in the north east and in a fewcases. furtherafield. The divers of the company has been one of ils strengths". people have worked alongside people they would be unlikely to meet socially or at work.. they have spent signthcant amounts of time together in a shared enterprise: they have leamed about each other and from each other: they have fomied lasting b)nds and friendships Page 12

11Arches Lirnited (formerly Eleven Arches) IA Charitable Company Limlted by Guarantee) Report of the Tnjstees for the year ended 30 Soptember 2020 l¢ontinued) and they have continued to meet (in some cases V￿kty} well after the show ended in September. In addition lo their feelings of responsibility towards Kynren and 11Arches Limited (forynedy Eleven Arches), . Ar¢hers are now describing a sense of agency. which underlines the extent to which the charity is building social capitsl. Those who live locally are citirKJ fv40 signs of change: Ihe physical improvements to the town centre. new cafes and shops and the emerging artists. quarter. and a marked increase in friendty interaction betsveen people who have met through Kynren, or who are being asked by others about the process and the show. and more generalty a higher level of wsitivty in the town. Sorne Archer5 have found the motNation and confidence to take on new voluntary commitments. Whal is interesting as well is that the example set by the community of Archers has resutted in a new culture of volunteering in the area -this was commented viidely by various organisers of events and other charities who commented they see the benefil from a more engaged poton of the population. Nearfy all Archers judged that they had 'become more skilled al something,. Some have had PToductbon- related. technical training and experience {e.g. prop rnaking and repair. combat skills. archery. pyrotechnics, riding. driving horses. animal handling and first aid. etc.). Many others have used a mixture of Iraining le.g. circus skills and WorldHost Customer Service Trydiningl and the day-lo-day practice of working with Colleagues and the public. to increase their so-called soft skills. including the ability to work well in a team, to be adaptable, to resofve conflict. to observe behavior and respond to it. and to communicate effectively. While most volunteers in the first year were employed. working in the home. studying or retired, this t￿nd has continued in the second year with a few continuing to credit the skill and experience they have gained through Kynren V￿th crealing new opportunrties. More interviews or even job offer5 because volunteering vds added lo their CV ￿a$ quoted. Even work as extras in films. as ¥￿11 as the potential to volunteer for events such a5 Lumiere in Durham and at The G￿at North Run. The Auckland Project recruited a number of Kynren volunteers to the nthy opened Mining Art Gallery, wrth numerous archers spotted al the opening event, again pride in the Town and supporting all that 15 going on. For many, the acquisilion of new knowledge arld skills has enhanced their quality of life. INhen asked bthat they had gained from being part of Kynren, so far. the follobwng continued to be the frequently occurring answers (again, these are paraphrase5>". frierKiship {rdnging from expanded friendship groups to preciou$. new friendships intemipting isolation. loneliness or grien-, a sense of belonging. being part of a team.. 'a remind8r of the necessity of Communit￿., how close we have all become and how much we all care about each other. pride in the Kynren experience. in what has been achieved on ar)d off stage (all the more so because it exceeded their and others, expectalionsl.. pride in working for a better future for Bishop Auckland arKI the surrounding area; knowledge arKJ skills - New Archer5 conlinued to talk of gaining new skills and experiences. retuming Archers. some charoed to teams to gain a different perspective, whilst others honed ski115 ¥I￿adY leamt. Greater levels offftness Greater confidence Stronger family ￿lationShipS Page 13

11Arches Limited (formerly Eleven Arches) (A Charitable Company Limited by Guarantee Report of ihe Trustees for Ihe year ended 30 September 2020 (continued) Their level of confidence has greatly improved thanks to their Archer ex￿rienCe. More confident adults, and rnore importantly more confidenl kids. When we asked the teenagers to articulate vthal Kynren had brought them, the enjoyment ol the social element of rt (new friends. hanging oul with them on Saturday night) is instantly quoled, and they also say they love being in the show. Strangely enough. it 15 not really being on stage. but what being in the show changed for us. And they say Kynren laught them "lo go for it. in lrfe. This makes them more extrovert in the schootyard. more ambitious in their lives. among other things. A chaperone for a teenage team expresses their a¢Jmiration 'lNorking with teens gives insight into how the youth appreciale support not criticism, ParentslGuardians are very arb"culate aboLrt what this experience is doing for this next generation. The addition of Teenage skills camp for the second year in the February half tem has been acknowledged as a confidence builder I booster and a unique opportunity to make new friends in a gentle and safe environment. The sense of community is a pa￿cUlar highlight among Archer5. In 2019 we expanded our analysis on the smaller unit of Archer community which was Ihe Archers, individual leams. 11 is clear that the intem21 dynamics of a team is a key enabler of the diwt and pefsonal benefits experienced by Archers. It shines an even greater light on the importance of team leaders lo build a passionate and dedicated Archer communty. Archers praise the brotherhtxyj and continuous support offere(l in the trdining -drfficulty is inevilably linked lo a challenging 2Ctivity, but the logelhemess and the ethos of Prydising small achievement are great tools to overwme them. The Gutture of poSiti￿ty that has been fostered in parallel is an igniter of confidence. Continuing to be part of somethiry special also through for rejoining. and the reasons put fopward include principalty.. Friends Confidence Community Skills Achievement Pride The reasons behirld those not returning include Moving aY￿y College workload Going to University New Employment New Cornmitments (famity or work) I have done 4 years I would like a break. but I will be back! Being part of Kynren is a lifestyle the Arche￿ live and breathe. 'People are always surpnsed when we say we areny getting paidand Ihey dony undarstand ¥vhy we would give up so much of our time for nothing. But fo me it certainly isny for nothing. 11 is the best thing I have done in my life and I'm so pleased my besl mate brought me along., 'Life changing experience for a large number of volunteers. Putting Bishop Auckland on the map and acting as a catatyst for economic regeneration. Page 14

11Arches Limited {formerly Eleven Arches) (A Charitable Company Limited by Guarnntee) Report of the Trustees for the year ended 30 September 2020 (continued) 'Created a famity of people all backgrounds and abilities V￿￿ all have a desire to help each other and that of the surrounding communit 'Given people from Bishop Auckland and the surrounding area a vray to improve Iheir wellbeing and skills and general happiness. 'Tvrning around a town wpuch had lost all hope due to shop Ck)sU￿$ elc. to now having a town that believes there is hope in bringing bishop Auckland back lo lrfe antj a great place to live and visit. Community.... what most archers feel when we together having a shared objective and a shared vision of what we can hdp achieve. Bring conffidence and new skills to all the archers and also new friendships.. Impact of COVID 2020 was going to be a big year for us at 11Arches Limited (fomiedy Eleven Arches}", one of the fomlal opening of the Park with two exc￿ng new pr¢￿UCt￿n$ (one show and one walk-throughl, an impressive kids, playground, new food oullets and experiences, and a more integrated experience across a full aftemoon leading lo the evening perfomiance of Kynren. Qne of expansion into events thanks to new enhanced infrastructure. One of gr￿n9 our mind and market share into existing and new audiences with the Park and other significant events. There are no words that can describe the chaos left by the current Covid pandemic in the V￿rtd. for indrvidual Gountrres. for irKlividuals and for organisations. In early March, we moved swiftly lo adapl lo the growing crisis.. Y￿ cut all expenditu￿ where possible - cancellation of committed activities. renegOtiat￿n of contracts. All activities on site V￿th our volunteers ceased. Then our focus remained to keep our ability to open to the Publ￿ intact. should the Govemmenl guidance allow us lo do so. even at short notice. even at a late stage in the summer- this meant finishing the production5 as they We￿ scheduled. Despite the lirele55 effort of a reduced team to preserve our options intact. it is with heavy heart that we surrendered to the conclusion in late June 2020 thal it ￿ds not viable to open, even assuming we are allowed lo do so. As a result we announced the cancellation of the 2020 Summer Season on 23rd June 2020. A5 a charity we rely lo a large exlent on any season's proceeds to operate the year after. Management looked at the ramifications ofthe cancellation ofthe season for our business si￿, and some roles were redundant to shape the organisation for the upcoming challenge of continued uncertainty as to how and when we can resume acttvities. To preserve our ability to afford to open the year after, we mirrored the ￿)urse of action of most cultural venues across the country and hibemale (as much as we can) until the Spring 2021 when we hope we can resume our preparation for the opening of the 2021 season. Financial review Full details of the charws financial posrtion can be found in the accompanying financial slalements attached to this report. The Statement of Financial Activrties shows total incorning resources of £3.470.839 {2019'. £1,519,115) and total resources expended of £3.595.49612019. £6,246.081) resulting in a deficit forthe yearofÉ124.657 {2019-. £4,726,966 de￿11). Page 15

11Arches Limited {formerly Eleven Arches) {A Charitable Company Lirnited by Guarantee) Report of the Trustees for the year ended 30 September 2020 (conlinued) Key Perfomance Indicators Key Performance Indicalors for the organisation are set on two main levels, Community Development and Excellence of the Show. l)oth of which are closely linked to the tharitable objects of 11Arches Limited (formerly Eleven Arches). The perfomiance of the organisation in Community Development is analysed through the thriving group of Cast & Crew involved in Kynren. Their enjoyment of Iheir experience is measured each season on a variety of indicators. The perfomiance of the organisation to produce Kynren to a 18vel of excellence is measured through our Cu51omers' Satisfaction. as cariied in our customer survey5. The Trustees have considered the perfomiance of the organisation through the ats)ve prisms for the rinancial year and are satisfied that the organisation 15 performing well. 11Arches Nigm Show Limited (fom)erfy Eleven Arches NKJht Show) The results ofthe ¢hariVs subsidiary. 11Arches Night Show Limited (fomierfy Eleven Arches Night Show). which are consolidated in these financial statements, are included in note 11_ Reserves policy The Directors review the reserve levels annual￿. This revEw encompasses the nature of income and expenditure streams, the need to match income commitment5 and the nature of reseNes. The Directors have detemined that the minimum level of unrestricted reserves should be a sel amount of approximalety £1 m12019.' £1 m) based on 4 months of annual eXpe￿drtU￿, excluding dep￿ciall0n and arnortisation. The reason for Ihis is to provide SLrfficient working capital to cover delays be￿en spending and receipt of income and to provide a cushion to deal with unexpected emergencies s￿h as urgent maintenance. The free re5etves at 30 September 2020. excluding frxed a55ets and loan5. afe £2.461,039 {2019: £960,421) lor the group. In the prior year. £1.274.353 was in relation to the theatre tax relief, and the dale of the receipt ￿as uncertain. As such the trustees consider the free resetves at 30 September 2020 to be £2.461,03912019-. £960.421). This is above 7the £1 m minimum level set and this is to further invest in the production. Going Concern There are no malerial uncertainties in ￿SpeCt of the charity's ability to conlinue as a going concern. The trustees believe that the group is well placed to manage its risks successfulty and thus have adopted the going concem basis of accountsng. This is primarily due lo the support from Jonathan Rufferfs charity. Lempriere Pringle 2015. Jonathan Ruffer is the co-founder and director of 11 Arches Limited and also the Chair of Lempriere Pringle 2015. Principal funding The principal fvnding was obtsined from ticket sales and donations. Page 16

IIArehes Llmltefl (Fofmerfy Elevon Arches IA Chaiiiablo Company Llmlled by Guaranie•i Report ol the TNsteeg lor ¢he ycai endtd 30 Sept¢mbei 2020 leon15nwodl Yrustees. responsibilliles ThtTnJsteesare re¥On￿ble lor preparing the T(ugiees Report arto the ￿nancial siatements in atC4Mdance Ih ap￿sCa￿le taw and Uniied Kingdom Acc4unMB s￿r￿ardS Iunrfed lfjngdorn Geneiaty Ac<epk Pradice). Cornpahy Iw reqUi￿s Twslees ￿ wepare financial siaieffnis lor eath fvrKial year wl¥th a aftd tsir vie ol Ihe Slaie of Ihe 3lfaws ol charitstse ￿)MPanY and of ihe resources and applieaiion ol resoutces. in¢ludin9 income al￿ expenditure Of the chaiitsbje e4ynp8ny for Ihai pe1￿. lo weparin9 ihose finaftcial $th￿ts. the Twees are rwuwJ io: Seject SLMlabl• accounliThJ Fdtoes ano IPth awty thern con5kStenty.' Observe the mdhuds and principle5 ￿ the Chariiie5 SORP. Make j•menls and estimates that are ￿SOnable afid wvduc Skie whethei ap￿iCab￿ UK Acetsunlirfj Slandart15 have teen foUtr4d. $utqe# to any ffotwial departures rfi5cIosed and explained in Ihe financial siaienients.. arrtl P￿pare the finan081 slatemen¢s tyi Ihe goin9 concern basis wikss rt is wpproprfète to wesurt that lh• ¢halilab￿ 9roup w￿1 conlinue The Trvstees are reswJn%Ue for keeping proper a¢tOUAtir ie¢orits disckse wilh reasDnable accura¢y at any Ihe finanual po￿On ol the cornpary and to enabk Ihem to ensure thal the finanoal sl8lemer4ts compty wilh the Companies Ad 21x6. They are osporsible lor safe9U3rEliry assels of Ihe company and hence lor ¢akin9 reasonable Steps for It P￿Vention and deie¢Don 01 fr3ud ar￿ olller irregularities In so lar as Trustees a￿ awa￿. There is no relevant a￿5% fftlorfnatiM of wh¢h Ihe charitat4e w￿Y'S authlor 15 unwdre.. afwj The Trustees Irave tskeft ol steps that they ¢xtght to have taken lo rnoke aware of any relevanl audit inforrDion and ￿ e5tstthh thal the a￿1•10¥S are of Ihat inltymion. Audlto In acMnSanre wilh the ¢harilzNt company's artides. a re501ulTon prO￿S￿￿ thèt RSM LIK A￿111 LLP be ieapFoinied as audit¢y olthe tharitsbts cornpany be w at a G￿etaI MeebNJ. ey Or¢er olthe etsafd Sphen H8H Ch8ir P•17

Independent audito￿3 report to the members of 11Arches Lirnited (formerfy Eleven Arches) Opinion We have audited the financial statements of 11Arehes Limrted {fomerfy Eleven Arches) (the 'parent haritable company'l and ils subsidiaries (the 'group'l for the year ended 30 September 2020 which comprise the Group Statement of Financial Activities. the Group and Company Balance Sheets. the Group Statement of Cash Flows and noles to the financial staternents. including a summary of signrficant accounting policies. The financial reporting frarne￿￿rk that has been applied in their preparation is applicable law and United King(lom Accounting Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted A¢¢ounting Prydcti￿). In our opinion the financial slalements.. give a true and fair view of the state ol the group's and the parent charitable company's affair5 as at 30 September 2020 and ol the group's incoming resources and application of resources. including its income and expenditure. for the year then ended- have been propedy prepared in accordance with United Kirydom Generally Accepted Accounting Practice" and have been prepared in accordance vmth the requirements of the Companies Act 2006. Basis of opinion We cond¢Jcted our audit in accordance vmth Inlemational Standards on Auditing (UK) (ISA5 (UK)) and applicable law. Our ￿sponSIbl1111eS under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our ￿POrt. We are independent of the group and parent charitable company in accordance wth the ethi¢al requirements that are relevant to our audit of the financial statements in the UK. including the FRS'S Ethical Standard and we have fulfilled our othef ethical responsibilities in accordance with these requirements. We believe that the audil eVKier￿8 we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to reporl in respect of the followiNJ matters in relation to which the ISAS (UK) require us to report to you where.. the trustees, use of the g(Mng concem basis of accounting in the preparation of the financial statements is not appropriate.. or the Iruslees have not disclosed in the financial slatement5 any identified material uncertainties that may cast significant doubt about the group's or parent chanlable company's ability to continue to continue to adopt the going concem basis of accounts'ng for a period of at least ￿e1ve months frorn the dale when the financial statements are authorised for i8sue. Other inforrnalion The trustees are responsible for the other infomiation. The other infomialion comprises Info￿natIon included in the Annual Rewrt other than the financial statements and our audilor's report thereon. Our opinion on the financial slalements does not coverthe other information and. except to the extent othe￿iSe explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection wilh our audit of the financial statements. our ￿ponsIbIlity is to ￿ad the other infomiation and. in doing so. consider whether the other infomiation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appear5 to be materially misstated. If we identify such material inconsistenctes or apparent rnaterial misslatement5. we are required to determine whetherthere is a material misstaternent in the financial statements or a matenal misstatement of the other inforrnalion. If, based on the work we have performed. we conclude that there is a material misstatement of this other infomiation. we a￿ required to ￿POrt that fact. We have nolhing to report in Ihis regard.

Independent ayditof s report to the members of 11Arche5 Limited {fomierly Eleven Arches) Opinions on other matters prescribed by the Companies AGt 2006 In our opinion. based on the vK)rk undertaken in the course of the audit.. Ihe information given in the Trustees, Report which include5 the Direclor5' Report and the Stralegic Report prepared for the purposes of company law for the financial year for which the financial statements are prepared is consistent with the finanaal statements- and the DI￿¢10rS. Report and the Strategic Report, included within the Trustees, Report, have been prepared in accordance wth applicable legal requirements. Matters on which we are required to report by exception In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtsined in the course of the audit. we have not idenlified material mi55tstemenls in the Directors. Report or the Strategic Report. included within the TTUStees' report. We have nothing to report in respect of the followiTrJ matters where the CoMpan￿S Act 2(m￿ requires us to Teport to you rf, in our opinion.. adequate and sufficient accounting records have not been kept by the pa￿nI charitable company. or retums adequale for our audrt have not been receivoj from branches not visited by us., or the parent charitable company ffinancial statements a￿ not in agreement wtth accounting records and relums.. or ertain disclosures of trustees, rernuneralion specIf￿d by law are not rnade" or we have not received all Ihe information and explanatM)ns V￿ require for our audit. Responsibilitie$ of trustees As explained more fulty in the Statement of Trustees. resFX)nsibilrties set out on page 16. the trustees (who a￿ also the d1￿Clor5 of the charitable company for the purpose5 of company law) a￿ responsible for the preparation of the financial stslements and for being satisfied that Ihey gNe a true and fair view. and for such intemal ¢ontrol as the tru5tses detemiine is necessary to enable the preparation of financial statements that are free from material rnisstatement, whether due to frdud or error. In preparing the financial statements. trustees are responsible for assessing the group's and parent charitable company's ability lo continue as a going concem. disclosing. as applicable. matters re￿ted to going concem and using the going concem basis o~f acLounting unless the trustees either intend to liquidate the group or parent charilable company or to cease operations. or have no realistic altemative but to do so. Auditor's responsibilities for the audit of the financial ststements Our objectives are to obtain ￿asonable assuran￿ about whether the financial ststements as a whole are free from material misstatement, whether due to fraud or error. and lo issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance ISAS (UK) wll always detect a material misstatement when il exists. Misstslements can arise from fraud or efror aThJ are considered material rf. individually or in the aggregate, they could reasonabty ￿ expected lo influence the ecor¥)mic decisions of users taken on the basi5 of these financial slalements. A further description of our responsibilities for the audit of the financial statements is provided on the Financial Reporting Council's websrte al h .'IlWs￿.frC.o .ukJaudilorsres nsibilitie5. T.his description form$ part of our auditorfs ￿POrt. Page 19

Independent auditorfs report lo the membern of 11Arches Limited {fornierly Eleven Arches) Use of our report This report is made solety lo the charitable company's members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slale to the charitable company's members those matters we are required to slale lo them in an.audrtols report and for no other purpose. To the fullest exlenl permitted by law. V￿ do not accepl or assume responsibility to anyone other than the charitable company and the charitable company s members as a body. for our audit work. for this report. or for the opinions we have fomied. CLAIRE LEECE (Senior Statutory Auditor) For and on behalf of RSM UK Audit LLP. Statutory Auditor Chartered Accountants 1 Si. James. Gate Newcastle upon Tyne NE14AD Date= 2* 204 Page 20

11Arches Limited (formgrly Eleven Arches) (A Charitable Company Limited by Guarantee) Consolidated statement of financial activities For the year ended 30 September 2020 Total Funds 2020 Total Fund$ 2019 Un[es￿le￿d Funds Restri¢t•d Funds Income from: Donations and Legacies Trading activities. Investments Other 2.631.300 66.421 11.913 761.205 2,631.300 66.421 11,913 761.205 33,745 1,458.757 8.737 17,876 Total inGome 3.470,839 3,470,839 1,519,115 Expenditure on: Charitable activities Raising funds 3.543.268 52.228 3,543,268 52,228 6.009,114 236.967 Total expendrture before tsxation 3.595.496 3,595.496 6,246,081 Taxation Total expenditure after taxation 3.595.496 3.595.496 6,246.081 Net movement in funds 17 (124.657) (124.657) (4.726.966> Total funds brought forward 24.505.783 24.505.783 29.232.749 Total funds Garried fonvard 17 24.381.126 24.381.126 24,505,783 The ststement of financial activiknes irdudes all gains and losses re(xJgnised in the year. All income and expenditu￿ derive from continuing activitses. The note5 ￿ ￿e5 24 to 42 lorm part ofthese StateM￿ts.

11Archo Llrnlte¢l Il•mitsrfy Elo¥on IA Charl￿ble Company Ulmned by Giiargnl#•i onsolldot8d 4rtd compony balJncg •h¢ets For tho year JO S•member 2010 Company Numboi: 0905S646 Grnup 2020 Charty 2020 2011 2019 Flx¢d assels 1.151.028 20.789.081 I.J93.CO7 22.15129S 1.151.IY28 1.393,067 zo.789.061 22.152 295 io 10 Tangible assets Flxed ass•t in¥esthwts 21.920.087 23.$45.382 21.m.097 23.YS.372 Curlenl assets Sio¢k5 lJeblO Cash at bank and in rand 12 13 87.093 87.093 877.433 803.765 2.578.434 137.988 1.137373 181.932 2.023,c￿0 2.978.179 1.562291 2.716.422 1,379.505 ¢r¢dtiorn". Amounts lalllng withln ontr ye•r lei currntaSoets I IlibbllAleJl 14 (518.7831 {601.5131 (256.7241 1420,5881 2.461.396 960.778 2.459.698 898.917 Totsl a$$ets less curttni Ilablllties 24.381.483 24.￿.740 24.379.795 24.444.289 Provlslons lor Ilabllltles 16 13S71 13571 14•t assets 24.381.126 24.305.783 24.379.795 24.444.269 Th¢ lunds ol thochavity Unre$tri¢ted funds: Genwal fvrhys Oesign31ed funts Totsl ¢harfty funds 17 17 23.258.233 1.122.893 23.W2.890 1.122.893 23256.902 23.321.396 1.122.893 1.122.893 24,381.128 24.505.783 24.379.79S 24,444,269 results ol Ihe unc4x￿￿?1ed entity thaiity lor the Y￿ ao iroAie of £3.416.W12019: £1.299.4￿> and netoutgthry re￿￿S of £84.4941201*. £4.709.706 nel nC4iming ies(w(e51. The finandal statemenLS apprrwed by Qn . . . Ibl Ll .. aThl s¥Jned on Its behaYI W. S Hall Chaii

11Arches Limited Ifonnerly Eleven Arches) IA Charitable Company Limited by Guarantee) Consolidated statement of cash flows for the year ended 30 September 2020 Note 2020 2019 Cash flows from operatlng activities 21 1.646.764 1866.981) Cash flows from investing aclivities Purchase of propety. plant and equipment Proceeds from the sale of property. plant and equipment Interest received {283.668) 5,000 11.913 (90.088) 8,737 Net cash used In Investing adiviti95 <266.755) (81,351) Cash Il¢)w5 from financing aclivities Interest paid Net cash {used inyprovided by financing activities In¢reasel(decrease) in cash and cash equivalents 1,380,009 1948,332) Cash and cash equivalents at ihe beginning of the year Cash and cash gquivalents al the end of the ￿ar 643.031 1,591,363 2,023,040 643,031 Relating to: Cash at bank and in hand 'Bank overdraft 2.023.040 803,765 1160,734) Tolal cash and cash equivalents 2,023.040 643,031 The notes iffi 24 to 42 ftym pat cl thtse finwKgal $￿t￿￿nts.

11Arches Limited (formerly Eleven Arches) IA Charitable Company Limited by Guarantee) Notes to the financlal statements for the year ended 30 September 2020 Accounlirg polities Company Inforniation 11Arches Limited {forTnedy Eleven Arches) is a charitable company limited by guarantee, incorporated in England and Wales. The registered offi¢e 15 Flatts Fami. Toronto. Bishop Auckland. County Duiham, OL14 7SF. Accounting COn￿ntIon 11Arches Limited (fomierty Eleven Arches) meets the definition of a public benefit entity under FRS102. The financial statements are prepa￿d under the historical cost convention and in acix)rdance with the requ1￿MentS oflhe'Accounting and Reporting by Charities. Slalemenl of Recommended Practice ISORPI applicable to charities preparing their accounts in accordan￿ with the Financial Repo￿ng Stsndard applicable in the UK {FRS102) and the Companies Act 2006. The financial statements are p￿pared in steding. vthich is the fvnclional currefKy of the group. Monetary rnount5 in these financial statements are rounded to the nearest £. The principal a¢¢ounting poli¢ies adopted a￿ set out below. Basis of Consolidation The consolidated financial statements incorporate the financial ststernents of the Charity and its vtholly owned subsidiary, 11Arches Night Show Limited {fomieriy Eleven Arches Night Show Limited). on a line by line basis. Going Concern As a result of the global pandemic COVID-19. 11Arches Limited Ifomerly Eleven Arches) had to cancel the perforrnances for the 2020 season. Th"15 closure meanl that income for ihe company ceased. Budgets have been prepared for the 12 months to May 2022. These incorporate a reduced capacrty at the performances in 2021 as a resuti of covid. The forecasts s￿¥ that sutficient furKls a￿ available for liabilities to be met as they fall due. The Trustees have prepared cash flow forecasts and reviewed the group's resources and have a reasonable expectation that the company has adequate resourcEs to continue in operdtional existence for the foresee8ble futu￿ and have the abilty to draw down upon the supwrt provided by the co-founder through his charity Lempriere Pringle 201 S. Thus the Trustees continue to adopt the going concem basis of accountin9 in preparing the financial statements. Fund Accounting Un￿striCted funds are donat￿nS arKI other incoming resources received or generated for the charitable purposes. Unrestricted funds are available to speTrJ on activities that fvrther any of lh8 general objectives of the charity. Where the group has allocated income towards Sp￿[fiC projects. a designation fund has been established. The amount of each designated fund is set OLrt in the notes to the financial statemenis.

11Arches Limited (formerly Eleven Arches) (A Charitable Company Limlted by Guarantee) Note5 to the financial statements for the year ended 30 Septernber 2020 1 Accounling policies (Gontinued) Income Incoming resources are recognised in the Statement of Financial Activities when Ihe group has entitlement lo the funds.. any conditions attached to the income have been met- il is probable that the income will be received, and the amount can be measured relN3bty. Income from donats'ons and legacies includes donations from iThJividuals and charitable trusts. Inwme from trading activities is recognised as eamed as the related gc(#Js and services are provided. . Investment income is recognised on a reCeiva￿e basis. Income ￿lating to events is reccxJnised on delivery of the performan￿. Income is defer￿d when ticket sales are re¢eived or invoiced in advance of the wformances or event to vthich they reLqte. Other income from charitable Ktivities is rew3nised as eamed. as the related 5ervi¢es are provided. Expendituro Expenditure is recognised once there is a legal or constnjctive obligation to make a payment to a third paty., it is probable that settlefflent will be required and the amount of the obligation can be rneasured reliably. Resources expended are inclLKled in the Statement of Financial ACtr¥rt￿ on an accnJaLs basis. exclusive of VAT. They include: Charitable activities include all costs relating to activiiies vthere the primary aim ts part of the objects of the charity along bwth the indireci costs. Cost of raising funds comprises Ihe costs incurred by 11Arches Night Show Limited (formerfy Eleven Ar¢hes Night Show Limited). Govemance costs include Trustee expenses along with audit and accountancy fees. Intangible Fixed Assets Intangible assets are initialty recognised at cosi ￿sS accumulated amortisation and accumulated impairment losses. Inlangibte assets are amortised at their expected usefvl economic lives on a slratghl- line basis as follows. SO￿are Artistic directronlmusi .3 years straight line 10 years straight line On disposal. the difference belween the net disposal proceeds and the carrying amount of the intangible asset is re¢ognised as income or expenditure. Page 25

11Arches Limited (fomierly Eleven Arches) (A Charitable Company Limited by Guarantee) Notes to the financial statements for the year ended 30 September 2020 Accounting policies (continued) Tangible Fixed Assets Fixed assets are initially measured al cost and subsequently rneasu￿d al wsl less accumulated depreciation. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following basis.. Freehold land Freehold buildings Fixtures and fittings Plant and equipment Motor vehides Not depreciated 10-30 year5 Straight line 5-10 years straight line 3-10 yeats slraighl line 5 years straght line Depreciation is not charged on larKJ as under norn￿1 orcumstances the residual values are considered to be greater than cost. However, the carrying values are viewed for impaimient rf events or changes in circumstsnces indicate the carying value may not be recovefable. The gain or loss on the disposal of an asset is detemiined as the difference between the sale proceed$ and the carrying value of the asset. and is ￿edited or charged lo inwme or expenditure. Subsequent costs, including replacernent parts, are capitalised only when it is probable that su¢h costs 11 generate future economic beneffts. Any replaced parts or remaining carrying amounts are then derecognised. All other costs of repair5 and rna1ntenar￿e are charged to the Statement of Financial Activities. Impairment of Fixed A5s8ts At eaGh reporting date. the group reviews the carrying amounts of its tarNJible and intangible assets to determine whether there is any indication that Ih)se assets have suffered an impairment105s. If any such indication exists. the recoverable amount of the assel is estimated in order to delemine the extent of any impaimient loss (if any). Stocks Stocks are valued al the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and those overheads that have been incurred in bringing the stock to its present lo¢alion and condition. At each reporting date. an assessment is made for impairnient. Any excess of the carrying amount of stocks over its estimated selling price less costs to sell is recognised as an impaimient loss in the income and expenditure account. Reversals of impaiment losses are also recognised in profit and loss. Page 26

11Arches Limited Ifomierly Eleven Arches) IA Charitable Company Limited by Guarantee) Notes to Ihe financial ststements for the year ended 30. September 2020 1 Accounting policies (continued) Fixed Asset Investments In the separate accounts of the charity. interests in subsidiaries are initially measured at cost and subsequently measured al cost less any accurnulated impairment losses. Interests in subsidiari8s are assessed impairment at each reporting date. Any impairment losses are recognised immediately in expenditure. Leasing An asset and cofrestN￿dIro h'abilty are recognised for leasing agreements that transfer to the charity substankn'ally all of the risks and reward5 incidental to ovmership ('Finance Leases,). All other leases are operating leases. Opethting leases- the group as a lessee The group classifies the lease of properties and equiprnenl as operatir¥J leases. Rental charges are charged to the ststement of financial activities on a 5trdKJht line basis overlhe period of the lease. Oper81ing leases- the group as a lesscy Rental ￿come from operatiThJ leases 1$ rec(KJni8ed on a straight line basis over th& tem of the lease. Retlrement Benefits The group operale5 a defined contributton pension schefne for empbyees. The assets of the s¢heme are held separately from those of Ihe charitable company. The amount charged to the Statement of financial activities is the contributions payable in the year. Differences between contribubons payable in the year arKI actually paid are shown as either prepayments or accruals. Terminatlon benefits Termination benefits are accounted for when the group terminate5 employment. Amounts are recognised when the group has communicated its plan of tem)ination to the affected employees. Cash and Cash Equivalents Cash and cash equivalents include cash in hand and deposits held at call banks. Page 27

11Arches Limited (formerly Eleven Arches) (A Charitable Company Limlled by Guaranlee) Notes to the financial statements for the year ended 30 September 2020 Accounting policies (continued) Financial instruments The group has elected lo appty the provIs￿n5 of SectK?n 11 "Basic Finanaal Instruments. and Section 12 'Olher Financial InstTuments Issues" of FRS102 to all of its financial instruments. Financial instruments.are recognised vthen the company b￿rneS party to the contra¢iual provisions of the instrument. Financial assets and liabilities are offset, Y￿th the net amunts presented in the financi81 statements, when there is a legally enforceable right to set off the reccgnised amounts and there is an intention to settle on rEt basis or to wlise the asset arKI seltle the liabilty Simultan￿￿. Basic Financial Assets Bas￿ financial assets. vknich irdude trade. otherdebtors arml cash bank balances. are initially measured at transaction price including tranSac￿n costs and are subSeq￿￿Y carrled at amortised cost using the effective interest rnethod un￿sS the arrdngement wnstrlutes a fingn¢ing tran50Ction, where the finar￿la1 asset is measured at the presenl value of Ihe future receipts discounted at a market rale of interest. Class•fi¢ation of Financial Liabilities Financial liabilities and equity instruments are classified atxordirvJ to the Substan￿ of the contractual arrangements entered into. An equty instrument ts ary ojntract that evidences a resvjual interest in the assets of the company after deductiTr3 all of its liabil￿es. Baslc Financlal Llabilities Basic financial liabilities. indLKlirKJ trade. othercreditors and bans. are initially recognised attrdnsaGtion price unless the arrangement constitutes a f￿anCIng tranSac￿n. where the debt instrument is measured at the present value of Ihe futu￿ payments discounted al a market pte of interest. Debt instruments afy Subsequ￿1￿ carried at amortisgj cost. U5ir¥J the effective Inte￿5t rale method. Reduced Disclosure Options In awordaTr￿ with FRS 102. the Charity has taken advanlage of exemplion$ from Ihe following diSch)Su￿ requirements. Section 7'Slatement of Cash FluK'_ Presentation of a Statement of Cash Flow a￿1 related notes and disclosu￿$ (in relation lo the Charity's own stslemenl of cash 11(yws- a consolidated ststement of ¢ash flows is presented in these final￿lar statements) Page 28

11Arches Limited (formerly Eleven Arches) IA Charitable Company Limited by Guarantee) Notes to the financial statements for the year ended 30 September 2020 1 . A¢Gounting policies (Continued) Critical accounting estimates and of judgement Eslimales and judgements are continually evaluated ar]d are based on historical eXper￿nCe and other factors. including expectat￿n of future events that are believed to be reasonable under the circumstances. Cntical accwnts'ng estimates and assumptions The group makes estimates and assumptions o)ncemirvJ the future. The resulting ac(x•unting estimates and assumptions wll. by deffin￿on. seklorn equal the related actual results. Cntical areas ofjudgemenl Theatre tsx relief The accrued income in respect of Theatre Tax Rel￿f has been assess&J by management based ￿ the guidelines set out by HMRC in relats.on to eligily'lty and certainty of inG(Kne. Donations and legacles Unrestricted Funds Reslricted Funds 2020 Total 2019 Total Donations 2.631.3(KJ 2,631.300 33.745 Totsl 2019 33.745 33.745 Page 29

11A￿he5 Limited {fornierly Eleven Arches) {A Charitable Company Limited by Guarantee) Notes lo the financial statements for the year ended 30 Septernber 2020 3 Income from trading activities Unreslr4Cted Funds Restricted Funds 2020 Total 2019 Total Ticket sales Retail income Catering income Rental income 55.737 178 5.706 4.800 55.737 178 5.706 4,800 1,289,061 57.758 107,138 4,800 66.421 66.421 1,458,757 Totsl 2019 1.458.757 1.458.757 4 Investment incom• Unrestricted Funds Restricted Funds 2020 Total 2019 Total Bank interest Interest on theatre tax relief 2.839 9.074 2.839 9.074 4.477 4,260 11,913 11,913 8.737 Totsl 2019 8.737 8.737 5 Other incomo Unrestrictsd Funds Restri¢ted Funds 2020 Total 2019 Total Other 761,205 761.205 17.876 Total 2019 17.876 17.876 Page 30

11Arches knmitod Ifomierly Eleven Arches) IA Charitable Company Limited by Guarantee) Notes to the financial statements for the year ended 30 September 2020 6 Expenditure Charilable activities Umestrithd knnds Dl¥•ct Costs Support Re$tri¢led funds 2020 Total 2019 Total Charitsbl¢ a¢tl¥Wes: Project Costs Prernises costs Light and heat Staff costs Inote 81 costs Equipment Marketing ad¥wtisin9 Travel costs Lggal and profe&￿￿￿4 fees Consultancy Othw u)515 Staff deVelo￿ent Govemance Exchange r*e Oeprecialion Arrv)rti5ation Impaimiwt 687.223 687.223 1,068,862 39.375 143,770 57,200 68.289 592,939 684.830 32.021 43.646 9,392 66.068 72.906 287,831 16.468 82.293 15.493 31,520 80,145 134,049 2,144 3,215 9,174 18,977 21.292 18,540 961 688 1.664.494 1,839,052 242.041 243,131 1,274.353 39.375 57.2 592.939 32,021 72,906 16.468 15.493 80.145 2.144 9.174 21.292 961 1.664,494 242.041 767.368 592.939 2.182.961 3,543,268 6,CK)9,114 T￿81 2019 1.169.166 684,830 4.121,373 33.745 6.IY39.114 Raising funds Unrèstrided General Funds Unrestrictod Dosignated Funds 2020 Total 2019 Total 11Arches Night SPM)w Limited (fonnefly Eleven Arches Night Show Limtted) 52.228 52.228 236.967 Total 2019 236.967 236.967 Page 31

11Archo5 Limited (formerly Eleven Arch951 (A Chayitable Company Llmlted by Guarantee) Notes to the finonclal statements for the year ended 30 September 2020 7 Net incoming resourc8s 2020 2019 Nel incoming resources is stated after chargingl(credilir%J)." Audrtorfs remuneration.. audit - lax advisory - accountancy 16.500 2.750 4.500 4.337 2,592 961 4,136 16,500 2.750 4,500 4.337 Operating lease charges Profil on sale of fixed assets Exchange differences Cost of stocks recognised as an expense lfflpairmenl of debtors 45,016 1.274.353 8 Staff costs. trustee rernuneratlon and expenses and the cost of key managernent personnel 2020 2019 Staff costs: Wages and salaries Sccial security costs Other pension costs Agency costs 487.307 51,569 23.513 30,550 602.892 62,129 19.809 592.939 684.830 2020 2019 Staff numbers: The average number of empbyees during the year We￿.. Management and administration 12 16 Page 32

11Arches Limited {fornierly Eleven Arches) (A Charitable Company Limited by Guarantee) Notes to the financial statements for the year ended 30 September 2020 8 Stsff costs. trustee remuneration and expenses and the cost of key management personnel (Gontinued) Higher paid staff. The number of employees vthose employee beneffts (excluding anployer rension tsjstsl exceeded £60.000 was: 2020 No. 2019 No. £70,000 - £79,999 £140,000- £149,999 £150.000- £159.999 This value excludes employers. pension corrtributions. Total pension contributions paid on behalf of the above employee are £12.88512019.. £14,635)- TNstee remuneration No trustee received remuneration during the year {2019: £nil) and no trustee received payment for professional or other services supplied to the charity12019". £nil). The aggregate amount of trdvellirvJ and subsistence expenses reimbursed to trustees during the year was £nil {2019: £9,841). Key Management Personnel The key management personnel of the group and charity comprise the Trustees. the Executive Director and key management as listed on page 1. Total employee benefits of the key management personnel for the year V•*re £384.18312019: £462.6561. Included in this is £99,632 (2019: £115.5931 paid to contracted stsff. Page 33

11Arches Limited (formerly Eleven Arches) IA Charitable Company Limited by Guaranlee) Notes to the financial slatements for tho year ended 30 September 2020 9 Intangiblo fixed assets Group and charity Artisti Direclion Software Total Cost At 1 October 2019 4.365 2.179,347 2,183,712 At 30 September 2020 Depreciation At 1 October2019 Charge for year 2.179,347 2,183,712 4.365 786.280 242.041 790,645 242,041 At 30 September 2020 N•t book value At 30 September 2020 4.365 1,028,321 1,032.686 1.151.026 1.151.026 At 30 September 2019 1.393.067 1,393.067 The amortisation chaffJe for the year is recc3nised within expendiiure on charitable activtbes. 10 Tangible fixod assets Group Fyeehold Land and ' Buildings Plant and F•xiure5 and Ewipment Fittfjnqs f•lolor Vehicles Cost At 1 Odober 2019 Additior C>sposJs 21.509.1 249.109 6,479.931 176.145 38.491 28.203.727 283,f68 18,5WI I8.￿￿) At 30 September 2020 21.758,269 6.479.931 210.704 29,991 28,478,895 Depredation At 1 October2019 Charge y• DisFrf)sals 2.928,243 916.454 3.th)5.898 724.688 91.843 17.478 25,448 5.874 16.0921 6,051,432 1.664.494 16,0921 AI 30 September 2020 3.844.697 ino.586 109.321 25.230 7.709,834 N•t book value At 30 Septemb& 2020 17.913,5n 2.749.345 101.383 4.761 20,769.C61 At 30 Septemter 2019 18.580,917 474.033 13,043 22.152,295 Page 34

11Arches Limited (formerly Eleven Arches) IA Charitable Cornpany Limlted by Guarantee) Notes to the financial statements for the year ended 30 September 2020 10 Tangible fixed assets (continued) Charity Freehold Land ond Buildrngs Plant and Fixtures and Equrpmenl Fitknng5 Vehlcles Totsl Cost Al 1 ¢)rAober 2019 Addition5 D￿F￿ssI5 21.9)9,160 249.109 6.479.931 1n.853 34.559 38.491 28,201.435 283.668 18,5001 (8,5(￿) AI 30 Seplemter 2ff20 21.758,289 6.479.931 208,412 29.991 28,476.603 O•preclatlon Al 1 OcÈober 2019 Charge for year 2.928.243 916.454 3.CX15.WJ8 n4.688 89.551 17.478 25,448 5,874 16.092) 6.049,140 1.664,494 16.0921 At 30 Sept￿be1 2(Y20 3.844.697 3.no.586 107,029 25.230 7.707.542 Net book value At 30 Seplember 2020 17.913.572 2.749,345 101.383 4,761 20,769.C61 At 30 Septembw 2019 18.580.917 3.474.033 84.302 13.043 22.152.295 All tangible fixed assets are held for charitable purFX)ses. Paoe 35

11Arches Limiled {fomierfy Eleven A￿h¢s) (A Charitable Company Limited by Guarantee) Not95 lo the financial slatgrnents for the year onded 30 September 2020 11 Fixed asset investments Charity Inveslrnent in subsidiary undertaking Investments- shares in group undertakings: 2020 2019 At 1 October 2019 and 30 September 2020 10 10 The wholly-owned subsidiary. 11Arches Night Show Limited {fomiety Eleven Arches Night Show Limited) (company number 092352361. which is incorporated in the United Kingdom. pays its taxable profits to the ch8flty by gift aid. The charity owns the entire issued share capital of 10 ordinary shares of £1 each. A summary of the IradirvJ results is shovm belovr. 2020 2019 Surnmary profit and loss xGount Tumover Expenses Interest receNed 75,856 1.457.597 (76.339) {1,400.537) 2,172 4,218 Net profil before tax 1,689 61,278 2Q20 2019 The assets and liabilities of the subsidiary were: Fixed assets Currenl assets Creditors-. amounts falling due in one year Provision5 for liabilities 2,024.478 (2.022,7801 {3571 714.885 {653.024) (357) Total net a55ets 61,504 Aggregate share capital and reserves 1,341 61,504 12 Stocks Group 2019 Charity 2019 2020 2020 Goods purthased for resale 87.093 87.093 Page 36

11Arches Limited (formerly Eleven A￿hes) IA Charitsble Company Limited by Guarantv) Notes to the financial statements for the year ended 30 September 2020 13 Debtors Group 2019 Charity 2019 2020 2020 Trdde debtors Amounts owed by group undertakn.ngs Other debtor5 Prepayments and accnjed income 13 1,762.721 794,526 21.187 377.312 734,751 25,510 846.846 21.187 639,964 31.469 868.046 671,433 2,578.434 1,137.573 14 Creditors: Amounts falling due within one year Group 2019 Charity 2019 2020 2020 Bank overdraft Trade creditors Other tsxation and social security Other creditOTS Accruals and deferred income 160.734 81.933 82,621 10.901 265.324 160,734 41,275 16.050 6,692 195.837 149.246 14,997 8.289 344.251 148.895 14.997 92.832 516,783 601,513 256,724 420,588 15 Deferred income Group 2019 Charity 2019 2020 2020 Balance as at 1 October 2019 Released from previous year5 Resources deferred in the year 37,682 (37.682) 213.959 37.682 (37,682) 37.682 37,682 Balance as al 30 Septerntw 2020 213.959 37.682 37,682 Deferred income compnses trkel ir￿orne received in advartt. Page 37

11Arches Limited (formerly Eleven Arches) {A Charitable Company Limited by Guaranlee) Notes to the financial statements for the year ended 30 Seplernber 2020 16 Provlslons for liabilities Group 2020 2019 Deferred tsx liabilty 357 357 There was no deferred tax lia￿'lty in the charity. 17 Movemont on funds Group At Incorning Outgoing Transfers At30 1 October Resources Resources Between September 2019 Funds 2020 Unrestrlcted funds Designated funds.. Land Fund General funds 1,122,893 23.382.890 1,122,893 23.258.233 3.470.839 {3.595,496) 24.505.783 3,470.839 (3.595.496) 24,381.126 Restricted funds Total funds 24.505.783 3.470.839 (3.595,496) 24.381.126 Charity At Inccmin9 Outgoing Transfers 1 October Resources Resources 8etween 2019 Funds At30 September 2020 Unrestricted funds Designated funds: Land Fund General funds 1.122.893 23.321,3% 1.122,893 23,256,￿1? 3.416,922 13,481.416) Total fvnds 24.444,289 3,416.922 13,481.416) 24,379,795 Restricted funds Total funds 24.444.289 3.416.922 13.481.416) 24.379.795 Page 38

11Arches Limited . (fomerly Eleven Arches) (A Charitable Company Limited by Guarantee) Not¢5 to the financial statements for the year ended 30 September 2020 17 Movemont on funds (¢ontinu¢d) DeS￿nated funds." Land Fund - value of ihe amounts which have been acquired through gifts from third parties for the sile on which the 11Arches Limrted (fotmerty Eleven Arches) project is located. Funds prior year Group At Incoming Outgoing Transfers At30 1 October Resources . Resources Between September 2018 Funds 2019 Unreslricted funds Designated funds.. Land Fund General funds 1.122.893 28,031,104 1.122.893 23,382,890 1,485,370 (6,212,336) 1.485.370 (6,212.336) Totsl funds 29.232.749 24.505,783 Charity At Incoming Outgoing Transfers At30 1 October Resources R¢sources Between Septernber 2018 Funds 2019 Unreslrlcted funds Designated funds.. Land Fund General funds 1.122,893 28.031.104 1.122,893 23.321.396 1.265.661 (5.975.369) (5.975.369) Total funds 29.153,997 1.265.661 24.444.289 Page 39

11Arches Limited (formerly Eleven Arche51 IA Charitable Company Limited by Guarantee) Notes to the financlal statements for tho year ended 30 September 2020 18 Analysis of group net assets by funds Unrestrided Unrestricted General Dèsignated Funds Funds Total. 2020 Fund balanc95 al 30 September 2020 are represented by: Fixed assets Current assets Creditor5'. amount5 due within one year Provisions for liabilities 20.797.194 2,978,179 1516.783) (357) 1.122.893 21.920,087 2,978,179 (516,7831 13571 23,258.233 1.122.893 24.381,126 Unrestrlcted Unrestricted General Designated . Funds Funds Total 2019 Fund balances at 30 September 2019 aro represented by: Fixed assets Current a$5ets Creditors". amounts due within one year Provisions for liabilities 22.422.469 1.562.291 (601.513) (357) 1.122.893 23,545,362 1.562.291 (601,5131 (357) 23.382,890 1.122,893 24,505.783 19 Commitments undgr operating leases Group as Lessee The total future minimum lease payments under non-cancelLgble operating teases are set out below: Land and Buildings 2020 2019 Other 2020 2019 Amounts due". Within one year Be￿een 2 to 5 year5 567 1.700 567 Total 567 2.267 Operating leases ￿late to propeths and tlems of plant and equipment. Leases are generally short tenn. Page 40

1 IArches Limited {formerly Eleven Arches) {A Charitable Cornpany Limitèd by Guarantee) Notes to the financial statements for the year ended 30 September 2020 20 FinanGial instruments 2020 2019 Carrying amount of financial assets Measured at amortised cost 13 5.959 Carrying amount of financlal Ilabilities Measured at amortised cost . 464,104 320,476 21 Reconciliation of rnovemfjnts in funds to net cash fl¢>w from opgrating activtties 2020 2019 Net movement in funds Interest received Depreciation Amortisation Profit on sale of fixed assets (Increaseydecrease in stock {IncreaSeydec￿8$e in debtors {Decrea5ey1n¢￿aS8 in creditors (124,657) (11,913) 1.664.494 242.041 (2.5921 {4,726,966) {8,737) 1.839.625 243,131 12.742 1,804,480 (31.256) (196.6131 76.004 Net cash infiowl(oufflowl from operating activities 1.646.764 (866,9811 22 Related party transactions Related paty transactions took place in the perbxl of account other than certain trustees and key management personnd remuneration and expenses al￿adY disclosed in note 9. Relationship Income Expenditure Year end balance Lernple￿ Pringle Alligator Trust Common trustee Common trustee 2.500.000 125.000 Income of £nil {2019." £9.841) was received from L Greig Ilrustee) for the reimbursement of K Eld's (trusteel expenses. Page 41

11Arches Limited Ifomierfy Eleven Arches) IA Charitable Company Limited by Guarantee) Notes to the financial statements for the year ended 30 September 2020 23 Pension scheme The group operates a defined contribution scheme for all qualfying empbyees. The assets of the scheme are held separately from those of the group in an independently administered fund. The contributions payable by the group charged to ir￿rne and expenditure amounted to £23.51812019. £19,809), and all related to unreslri¢tÈd funds. Amounts outstanding of £14.997.12019." £6.692) are included in other reditors. 24 Taxati¢>n The charity is exempt from tax on income and gain5 falling within Section 505 of the Taxes Act 1988 or Section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable obje¢ts. No tax charges have arisen in the charity. 25 Volunteers The group places a g￿¥t value on the contribLrtions that volunteers made to the organisatron. Over the course of the year. y￿ benefrtted greatly from the considerable b'me, energy and expertise given by the Board of Trustees. The role played by and contributions the volunteers make is discussed in detail in the Trustee's Report. 26 Control The charity is controlled by the Board of Trustees. Page 42