REGISTERED COMPAfiY NUMBER: 08463076 (England and Wales) REGISTERED CHARITY NIMBER: 1165244 REPORT OF THE TRUSTEES AND FtNAF4CIAL STATEMENTS FOR THE YEARENDED 25 MARCH 2021 FOR THE SPIRE ARTS LIMITED (A COMPANY LIMITED BY GUARAF4TKE) Simon Winnard & CoTnpany Redin¥ton Court 69 Church Road Hovc Easi Suss¢x BN3 2BB THE SPIRE ARTS LIMITED CO)TEh'TS OF THE FINANCIAL STATEf*lENTS FOR THE YEAR ELNDED 25 MARCH 2021 Page Report of the Trustees Independent Examiner's Report Statement of Flnancial ACti￿tieS Bal&n¢e Sheet otes to the FIDanef#l StAtements 8 to 13 Detailed Statetllent of Financial Activities 14 to 15 THE SPIRE ARTS LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 25 MARCH 2021 The tnLSt£es who are also directors of the charity for the purposes of th¢ Companies Act 2006. pr¢s¢nt their report with rh¢ financial statements of the chariry for thc year ended 25 March 2021. Thc t￿Stee5 have adopted th¢ provisions of Accounting and R¢poning by Charities.. Siatefflent ol- Recon￿lended Practice applicable to charities pieparing their accounts in accordance with ihL Financial Rcpnrting 8taiidaid applicablL in the UK aiid Republic of Ireland IFRS 1021 (effective l January 2019). OBJECTtVES AND A￿1VITIEs Objectives and aims To advance education for the public benefit by thc promotion of the arts. in particular but not exclusively th¢ art of drama. Signifi¢Ant activities Operation of a building as a theatrelperfotmance spac¢ - presentation of drama and theatre performanccs conmiissioning of n¢w theatre perfomwices d¢livcring comTnuniry engagement proj¢cts Lo increase paTlicipation in theatre and perforniancc tiadin¥ activiry rclatcd tt) the hire of the buildittg, with income used to support cor¢ stsffing c05t and subsidising our theatre alld peiformance activity. Public benefit The trustees have had regard to the guidanc¢ issued by the Chariry Commission on public guidance. Volunteers Voluntc¢rs support our front of housc tcarn with stcwarding of events. - Volullreers support venue rnanagement wEtb cleaning and maintenance of (be historic building ID which we're based. ACHIEVEMENT AND PERFORMANCE Charitable activitl¢5 The Spire Art5, key achievements for thc period include.. Presentation of a production Myth Brighton ba￿d theatre comp(Iiiy True istory reaching a live audience of 1,200 in Dec 2020, including a complimentary ticket schem¢ for lo¢al low income fan]ilies. Maintainirtg our organisation through the Covid-19 pandemic securinsw fundiDg from Ans Council England, DCMS, Rrighton & Hove City Council, Thcatr¢s Trllst, Sussex ComTnunity Foundation for the delivtry of our Brighton Festival 2021 programmc, organisational tsverheads & a¢c¢ss improvements to thc building. Developing closer links with EaEt Brighton and Kempiomn through actsve engagement with networks and East Brighton Neighbourhood Arts Plan. The Spire Ans has m¢t audience targers for the period in light of restrictions caused by Covid-19 pandemic. Financial key perforn]ance indi¢alors are set and monitored by the rrustees. for the fu￿]cIal year The Spire exeecded its targets. Fundraising actl￿tIeS The Spire Arts has a high proportion of gu¢¢ess from ￿ant fundraising, positive results from 900/0 of bids submiited in th¢ period. FINAF*'CIAL REVIEW Financial position The Spire Arts has remained sustainable through the Covid-19 pand¢mie due to granL fu￿￿l￿g. We aim to begin trading in June 2021. wh¢n social distancing case￿. At thib stage we aim to rcturn to fit]ancial &elf-buifsLiency, cov¢ring basic ru[￿1￿8 costs with trading activity. We have maintained our unrestricted resetve of l Ok through the period. P&ge I THE SPIRE ARTS LtMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 25 MARCH 2021 FINANCIAL REVIEW Principal sources Trading activity stnall donation5 - Brant fiknding Reseryes polÉcy Ln agreemcllt with trustees The Spire Arts hold unrestrictrd reserves ofc. £10,000. STRUCTURE, GOVERNANCE AND MANAGEMENT GOverni￿g ducutnent The chaiiry is controll¢d by its governin￿ doLUllltnt, a dccd of trust, and constltutes a limited company, limited by gu3rantee, as defined by ihe Compani¢s Act 2006. Recruitment #nd appointment of new trustees W¢ publicly advcrtise foi new trustees and they are interviewed by the chair of the m]stees and a co-affistic director of The SpTre Arts. 50Q/o of The Spir¢ Arts trllstees are selected by thc Parochial Chlltch Council of the E¢cl¢siastical Parish of Brighton St. George with St. Anne and SL Mark IPCC), with prospective trllstees intervicwcd at a meeting ofthe PCC. Organi5ational structure The Spire Ans is l¢d by co-artislic direcLor& Ddvid Sh¢pp¢ard and Faith Dodkins. The co-anistic dir¢ctors are supported by event based stafl-working on a freelancc basis. Th¢ Spire Arts plays an active role in Brightoii & Hove's arts & cul￿ra1 netwurks wurking in clos¢ partnership ￿￿th a rang¢ of other charitie5 like Brighton Fringe, Brighton Festival and Vincent Dan¢e'fhcatre. Induction and tralnfing of new trustees New trllstees are given access to a shared folder containing access to The Spire Arts, policies, financial docurnents and foundational docutnenis Ilicence a8rc¢ment). New trustees are pxired with cxpcrienced existing ttustees for a pcriod of 6 months in order to support thern through the induction period. Related parties The Spire Arts has an ongoing relationship Thith the PCC. the freeholders ¢Jf ow vcnlle base. The PCC have thc optSOn to appoint 50¢/o of our board of trustees. REFERENCE AND ADMIYISTIL4TTVE DETAYLS Registered Comp#nJ number 08463076 (Englajid and Wales) Registered Cltarity Ull￿ber 1165244 Reglstered office Th¢ PCC of 8t CJeorge w St Anne & St Mark St Gcorgc's Church St George's Road Brighton asi Susscx BN2 IED Page 2 THE SPIRE ARTS LIMITED REPORT OF THE TRUSTEES FOR THE TrIAR EL¥DED 25 MARCH 2021 Trustees Mrs S M Meck Chair R¢verend A H Manson-Brnilsford Ircsigned 11412021) P M Skelly R Rahman Iiesigmed 131712020) Mrs A V¢rnon-Smith Ms E Frankiand (resigncd 71412020) M D Adams Ms L E Church P A Johnson (resigned 101412021) B Moyle Rvsscr Ms L S M Greci {appuinted 251912020) C J Thorpe-Tracey (appointed 20110120201 {r¢sign¢d 1311212020) Independent Examiller .%imon Winnard & Company Redington Coiirt 69 Church Road Hov¢ Easi Susscx BN3 2BB Approved by order of the board of Irust¢¢s on ................ and 5iglled on its behalf by- Mrs S M M¢ek- T￿￿te¥ Page 3 ll¥DEPENDENT EL4MtNER'S REPORT TO THE TRLS"fLES OF THE SPIRE ARTS LIML ITED IMdependent examiner's report to the trustees of The Spire Arts Limited ('the Company,) I report to the charity ¢n￿Le¢S on my examination of the accounts of the Company for the year ended 25 March 2021. Responsibillties and basis of report As the charity's trustees of the Company (and also its dircctors for the purposes of company la￿.) you ate responsible for the preparation of the accounrs in a￿OrdanCe with the req￿Iremen1S of th¢ cO￿panICS Act 20061'the 2006 Act'l. Having sarisfjcd myself that the accounts of Ihe Company are not required to be auditLd undcr Part 16 of ihe 2006 Act and are eligible for ittdcpcndcnt examination. I ieport in respect of my eX￿￿]￿atIon of your charity's accounts. as carried out undcr section 145 0( the Charitics Act 2011 I'the 2011 Act'l. In carying out my examination I havc followed the Direciions giv￿ by the Charity Commission undcr section 145151 Ib) of tbe 2011 Act. Indepelldellt e￿mIner'S statemelll I have compl¢t¢d my examIn&iliu￿. I confirni that no matters have cO￿t to my att¢ntion in CODnectioll with the examination gil'ing cause to believe.. accountin¥ Tecords were not kcpt in respect of the Company as r¢quircd by seclivn 386 of the 2006 Act- or thc accounts do not accord with thosc records,. or the accoullt% da nat comply with the accounting requirements of section 396 of the 2006 Acl othLr than any reqiilrernent that the a¢collnis give a t￿e ￿]d fair view whi¢h is not a matter considered as part of an independeni examination. or the accounts hav¢ noi b¢¢n prepared in acGordan¢c with the tnethods and principles of the Statenicnt of Recommended Practice for accounting and r¢porting by chaiitie5 lapplicabl¢ to charitics preparing their accounts in acLordan¢c with thc Fillancial Reporting Siandard applicable in the UK and Rcpublic of Ircland (FRS 1021). I have no concerns and have come across no othcr matters connection with the examination to which atteniion should be draw￿ in this report in order to et]able a proper understanding of the account& to be reached. Mr Lawrence Vosper MAAT Simon Winnard & co￿panY Redingion Lourt 69 Church Road Hol'e Eabi Susscx BN3 ?BB Date". Li Page 4 THE SPIRE ARTS LIMITED STATEMENT OF FtNANCIAL .ICTtVlTIES FOR THE YEAR ENDED 25 MARCH 2021 2021 Total funds 2020 Total fvnds Unrestricted fund Resiricted fund Not¢s INCOLME AND EYDOWMENTS FROM Donaiions and Icgacies 112,587 112,587 26.034 Other trading activities Investment income 19,628 19,628 53,80 Total 132,221 132321 79,835 EXPENDITURE ON Raising ￿lldS 18,491 18,491 20,397 Charitablt aetAidties Activities for g¢n¢rating funds Gov¢rn2nce costs 57,475 630 57,475 630 40,440 300 Total 76,596 76,596 61.137 NET INCOME SS,625 SS,625 18,698 RECONCILIATION OF FUNDS Total funds brought forwArd 26,787 200 26,987 8.289 TOTAL FuN￿s CARIUED FORWARD 82,412 200 82.612 26,987 The notes form part of these financial ststements Page 5 THE SPIRE ARTS LIMITF,D BALANCE SHEET 25 MARCH 2021 2021 Total fund5 2020 Total fuDd Unresiricted fi￿d Restrictcd fund Notcs FIXED ASSETS Tangiblt assets 2J21 2J21 2,909 CURRENT ASSETS DebtOTS Cash ai bank 270 84.421 270 84,621 3,656 23,254 200 84,691 200 84,89k 26,910 CREDITORS Amounts. falling due within onc year (4,6110) (4,600) 12,832) NET CLRRENT ASSETS 80,091 200 80,291 24.078 TOTAL ASSETS LESS CURRET+rr LIABILITIES 82,412 200 82,612 26.987 NET ASSETS 82,412 200 82,612 26,987 FUTr*DS Unr¢stri¢t¢d ￿ndS Restrictcd funds 10 82.4J2 200 26,787 200 TOT AL FUNDS 82,612 26,987 The charirable company is cntitled to exernption frum audit under S¢ction 477 of the Companies Act 2006 for the year ended 25 March 2021. The members have not required the cotnpany to obtain an audit of its financial statements foi the year ¢nd¢d 25 March 2021 in accordance with Section 476 of the Cornpanies Act 2006. The trustee5 arknowledg¢ thcir rcsponsibilities for lal ensuring that th¢ eharitablc company keeps accounting rtcords that ¢ornply with Sections 386 and 387 of the Companie5 Act 2006 and preparing financial sLiternentb which give a irue and fair vicw i)f the state of affair5 of the charitable company as ai the end of each financial year and of ils sutplus or dcficit for cach financial ycar in accordance ￿￿ttL the requirements of Sections 394 and 395 and which othenvis¢ Comply with the iequirements of the Compani¢s Act 2006 relating to flnancial stat¢mcnts, so far as applicable to the charitable company. (bl The noies fomi part of these financial statements Page 6 continued... THE SPIRE ARTS LIMITED BALAP4CE SHEET - continued 25 I¥IARCH 2021 These financial statetnents have been prcpar¢d in accordance with Ihe provisions appli¢able to charitable companies bubj¢¢t to thc small companies regime. rh¢ fll]ancial stateIriEELts wcr¢ approved by the Board of Trustees and authorised for issue alsd were signed on its bchalf by.. on S M Meck- Trustee The notes forni part of these financial statcmenis Page 7 THE SPIRE ARTS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 25 MARCH 20ZI ACCOUNTING POLICIES Basls of preparing the financlal statements The financial statements of the charirable ¢ompany, which is a publi¢ bcncfit cntity under FRS 102, have beEn prepared in acLordan¢e with the Charities SOIIP ITrRS 102) 'Accounting and Rcporting by Charities.. Statetnent of R¢commended Practice appli¢abl¢ to charities preparing th¢ir accollnts in accoTdancc with the Financial Reporting Standard applicable In the UK and Rcpublic of Jreland IPRS 102) {effective l Januarv 2019}'. FinaHcial Reporting Staiidard 102 'The Financial Reporting Standard &pplicable in the UK and Repiiblic of Ireland, and (he Compani¢s Act 2006. The financial statements have been pr¢pared under the histori¢al cost Convention. Income All illcome is recognised in the Ststement of Financial Activities once the charity has entidem¢nt to the funds, it is probablc that the income will be receiped and the atnount can be mcasur¢d reliably. F.xpendithre Liabilities are recogniscd as expendI￿re as soon as th¢re is a legal or constructive obligation cummitting the chariry to that expe11ditu￿, it is piobablt that z transfer of economi¢ b¢nefits will be required in settlcmenl and the amount of thc obligation can be rneasurcd r¢li2bly. Expeiidituie is accounted for on an accruals basis and has been classified under headings that aggregate all CQbt rclalcd io thc category. Where costs callnot be directly allr]but¢d to particlllar headings they have been &llocated to activitieb on a basis consistent wIth the use of resources. TangÉble r￿ed assets DtpitCi