Lime Street illo llOU Ullll THIRTY-SIX LIME STREEf LIMITED ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 Company Reglstration Number: 1926797 Charlty Rgglst¥otkn Nvmljtr. 1200138 (Engl￿ and Wal•81 LEGAL AND ADMINISTRATIVE INFORMATION Truslees Ziad Jabroo (Chair) Tanya Axlord (Treasurer) Michael Arvnslrong John Dale Bolland Steve Luck Alison McGowan Louise Underwood Alexandra Westwocxl (re-ap￿inled October 2024) Ire-aFyJinled October 2024) (rfrapwinted October 2024> Reglstered Charlty name Thirty-six Lime Streel Limited Charity Registration Numbw 12(K)138 Company Reglstratlon Number 1926797 Registered offlce Ousebum Warehouse Worksw & Sludios 36 Lim8 Street Ouseburn Newcastle-upon-Tyne Tyne & Wear NE1 2PQ Independenl Examlners Robson Laidler Accountants Fernwood House Fernwood Road NeWcaslle-uF￿-TYne Tyne & Wear Engla￿1 NE2 1TJ CONTENTS Page Trustees, ReFX)rt Independenl Examiner's Report Statement of FlnarKial Aclivities 31-34 Balance Sheet 35 Notes to the financial statements 36-38 TRUSTEES, REPORT FOR THE YEAR ENDED MARCH 2025 The Trustees presenl their annual report and financial statements for the year ended 31 March 2025. The financial statemenls have been prepared in accordance wilh Ihe accounting policies set out in nole 1 to the financial stalemenls and comply with the charity's governing document, the Companies Act 2006 and "Accounling and Fleporting by Chari118s'. Slalemenl of Recommended Practice applicable lo charities preparing Iheir accounts in accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 2019). OUR PURPOSES AND ACTIVITIES The Trustees have paid due regard to guidance issued by the Charity CommisS￿n in deciding what activities Ihe charrty should undertake. Overview 36 Lime Street is a charilable organisation that runs the oldest and one ol the largest artisl studio groups in the North East. 36 Lime Slreet is situated in the heart of Newcastle s Ousebum Valley to the east of the city cenlre. The fonrer Grade11 listed flax mill is now home to 50 artists, makers and designers across five floors. The variety of artist's praclices we SUFWrt includes visual artists; designer makers., jewellers., c8ramicisls', architects and musicians among others. 36 Lime Street was established in 1983 with the guiding principle of providing secure, affordable studio spaces for rent for artists and other crealive businesses, and in doing so to contribute lowarils the regenefation of the buildirKJ and the area. The gallery is hosl lo an ambitious artist4ed programme of exhibitions, events and workshops Ihat reflects the diversity of contemporary art practice and responds to the needs of the local conlext within which it exists. We continue to foster meaningful relationships with the community Ihal we are part of through public engagement wilh art evenls, activities and with the building. Slrategic Objectives and Public Benefil The Truslees understand and have discussed the implications ol the provisions of the Charities Acl 2006, which slate that all charilies must demonstrate that they are established lor public benefit and have had due regard to the public benefit guidance issued by Ihe Charity Commission. The Trustees believe thal the charty meets both key pri￿lples. and Ihe lollowiT¥J Stral8gic objectives unde￿In everyihing we do. demonstrating clear. tangible beneffts. Strateglc Objectlves Provide affordable workspace for artlsls. designers and makers In the North East of England. Support the production and presenlation ol ambitious aTh p¥)neering new artwork outside of traditional institutional frameworks. Increase the number ol people who experience, angage and participale In the arts. whlle enhandng ihe depth and qualty of their experlence. Maintaining and improving the bulld1￿a as an irn￿ant accessible heritage and cuftural asset for the wider communty. Provide opp)rtunities lor Fwle to 8rvJage In and leam skills through accessible workshops in the building as well as withln the communlty through our Lmrtreach work 8enetit must be to the public, or a section of the public 36 Lime Street's work and activities seek to benefit one or more clearfy identitied sections of the public, whether Ihe arlistic community or the general public, and directly seek to meet the aims of 36 Lime Slreel. The Trustees do nol consider that any significant detrimenl or hami arises frcrfn the work of 36 Lime Streel. Activities delivered in the period April 2024 - March 2025 Studios 36 Lime Street provides affordable studio spaces for 50 artists, makers and designers in the North East. We are based in the vibranl cultural area of Ouseburn. in a Grade 2 listed building, that contains 35 studios over 5 floors. The studios house a range of creative practices including sculptors, painlers, glass artists. iewellers, ceramicists, textile artists, lurntture makers. visual artists, musiLTans. puppeleers, designers, photographers and more. OPEN Exhibitlons Throughout the year 2024-25 there Y￿e 7 exhibitions as part of the OPEN programme Ihat showcased the work of 12 artists byorf,rt _ 23". March 2025 A group exhibition showcasing the work of 36 Lime Street members, highlwJhling the rich and expansive variety of work created within the building. BURN ST HN HIPKIN Events Exhibitions Talks There was a diverse mix of both building-wide, gallery and studio-based events held in 2024-25 inviting the public into the buildiro io experience and ce18brate the artlorms and artistic practices based here. Atmospherlca Concerts April- March 2024 Sleve Luck's studio hosted a series of five public concerts as part of the ongoing programrne of music events at 36 Lime Street. The perlormance5 featured invited artists Charlotte Butler. Philip Alexander, leva Aura, Sergio Diaz de Flojas, and a second appearance by Charlotte Butler. Collectivety. these concerts welcomed an audience ol over 120 people into the building, oflering valuable opportunities fof the public to engage direclly with contemFrt)rary music in an intimate studio setting arKI strengthening conneclions belween Lime Street artists and the wider communily. 10 RIBA North East Open Studlos April 2024 A series of educational visits, lalks and sludio tours lor architeclure students al Newcastle and Northumbria Universities held within 36 Lime Street and hosled by Jack Mutton and Tq)o Architecture practice. Architecture Talk- Model Making in Practice April 2024 Talk and practical workshop targeted at BA Architecture students from Newcastle University locusing on model making within architecture and explonng rt's use in architeclural practice. /1 :s'l;$1 LiusÉguR .[RUSI" The Late Shows 17th May 2024 A unique and exciling evening event where the studio doors were opened to allow the public lo glimpse into Ihe creative spaces used by ihe artists- showcasing paintings, glass, ceramics. architecture and fumiture designed and made by studio rnembers. 11 Studio demoNstrations included a drop-in zine workshop with Theresa Easton (handmade magazines), piano recilals from Steve Luck and lilhography demonslralions at Hole Editions wilh Lee Tumer. Ouseburn Festival 131h July 2024 Gallery event and exhibition. Part ol an Ousebum wide feslival, this evenl welcomed the public into the gallery where a number ol members had their worft on show. The event encouraged conveisalions about the woTk. the artists praclices and about the building and its place in the Ousebum. Jam l Kate O'Neill 11 th August- 18th Augusl There is an unpredictable spark thal can be ￿nited when people play musiG togelher. The songs Islandards} are a coTrJuii that can transport and unite those willing lo be par1 of it. This exhibilion was an exploration ol these stales of grace. During the preview event there was a live jam with ￿zZ musicians. From Flax to Freelance l The Hlstory of 36 Lime Streel 11th & 15th September 2024 Ousebum expert Mike Greatbalch and 36 Lime StTeei glass artist Sue Wwlhouse gave a guided tour of the exteriof and interior of 36 Lime Street, explaining the history of the former flax mill designed by John Dobson aThJ built between 1847-8. The talk gave an insight into the importance of the building anchored in the history of the Ous8bum as well as its regeneration, and a tour of several artists. sludios. 36 Llme Street Open Studlos I Part ol Ouseburn Open Studlos 23rd & 24th November 2024 36 Lime Street hosted a giant, creative and social art and design weekend. A celebralion where we invited the public behind the scenes of our stLJdio doors for a bustling and 8XClting event. Highlighting the waalth of talent over five floors of our beautiful lisled building. public could see how work is produced and chal wilh the artists about their processes and materials. Printmaker Theresa Easton ran a dropin paper garland making workshop, Alison McGowan led a puppet workshop crealing flying Robin puppets. Steve Luck performed short solo piano concerts every half hour Ihroughout Ihe weekend and there was live lithography printing of a new lithograph by Paul Raymond by Lee Turner. 12 "Dot]E]I (Ill I Spring Open Studios 22nd & 23rd March 2025 Weekend Open event highlighting and showcasing Ihe work 0136 Lime Slreet Artists. Visitors could see how work is produced and chat with the artists abjul their processes and malerials with a wide variety of works on show including art, design, jewellery. glass, fumilure, architecture, music. prinlmaking. painting, poltery and textiles. Theresa Easton hosted dropin workshops Tnaking folded paper books throughoul both days and Jayamini de Silva offered collective live Rangoli art for the visilors for all age groups where visitors were invited to contribute lo create a large Rangoli design with coloured rice. 13 Community Engagement Ouring 2024-25 there was a wide range of workstrws and teaching delivered at 36 Lime Street by our studio artists. providing opwrtunities for the local community lo participate in the arts. These sessions allowed participants to acquire new skills, and to18arn and explore differ8nt art forms, with members offering opportLJnilies for new leamers as well as people wanting to further develop their skills and experience. They were targeted al a wide range ol participants inclucling carers, young p8opI8, and people with leamir¥J disabililies. UR Kale Sweeney ran a series of 0￿-to￿One creative workshops for people with learning disabililies who are supported by New Prospects Independent Living Association, developing works using acryl￿ and mixed media. Emma Holllday delivered 2 classes per week leaching painting, drawing and prinlmaking within a creative. SUp￿rtive environment. Participants inclLAded carers, people experiencing health problems or social isolation. Jayamlnl de Silva provtded a one-ott Chinese calligiaphy worksFK4) introducing the tools and lechnM]ues used lo lorrn the thick and thin lines of Chinese calligraphy using specialist brushes. 14 Sue Woolhoustr A Passion for Glass - Sue ran weekly da5ses lor members ol the public who prefer a long-lemi immersive journey inlo working with glass. With Su8'S support and specialist knowledge. they were encouraged to start their own glass journey in a relaxed, nurluring space where they could explore and develop ihelr own ideas. In addition lo this more advanced series of workshops Sue also ran a series of weekly workshops with the aim of teaching glass workiw technique5 to beginners where they were able to leam about basic techniques and processes. Allson McGowan provided weekly therapeutic puppeiry sessions for young peo￿6 totalling 103 hours of public engagement in arts aclivilies within the Puppeiship studio space. Here puppetry and play were use to explore problems which were then addressed in creative ways. Laura Johnston ran a series of glass fusing workshop with a mix of beginners and improvers where each week they worked on projects developing their glass making skills and tethniques. Fiona Gray delNered a course of plaster casting workslws where participants were able to leam plaster casting techn¥]ues tt) cast tiles of flowers and planls. Steve Luck provided tuition in iiano. music theory and comrrf)sition. teaching around 20 hours per week to approximalely 45 students. This activity supported the developmenl of musical skills and crealivily across a wide age range, contributing to the building's rol8 as a hub for cullural leamiro and participation. Outreach Many ol our members worked in collaboration with regional organisations to facilitate creative workshops and engagement projects in the wider community including- A project working with community groups in Northumberfand for people experiencing mental ill health, drug and alcohol abuse with The National Trust., working with people with earty onset dementia and their partners at Washington Arts Centre as well as projects working wilh young people, asylum seekers and students. Partner organisalions included., Durham Univefsity, Newcaslle University, Baltic, Sl Oswald's Hospice, New Wriling North, The Ouseburn Trust, Chilli Studios. Skills for People, Ouseburn Farm as well as many local schools. 15 Individual Artist'8 Activities and Achievements The impact ol the support thal 36 Lirne Street provides reaches far beyond the realms of the studio walls. with the creativty of the 36 Lime Street artists being felt across the UK and beyond. The studios offer an aflordable base from whth our membeTS develop their own work and in 2024-25 Son￿ ol these high-profile solo and group exhibitions included., BEEP Painting Prize Biennial- Swansea, Interlaced- Middlesbrough, Inslable Territory Reflections on Mernory- Texas, From Anolher Roorn- Hong Kong. Brighton Art Fair, No Last Dance- Newcastle Contemporary Art, I'm Dreams- London. Gentle Again- Hong Kong and Episode11: Home and Away- South Korea. Members undertwk projects such as Musical Director of Jungle Book, Octagon Bolton (nominated for UK Theatre Awards). the creation of a Quiet Space at Seaton Delaval Hall and a portrail sculpture se18cled for the Brilish Academy Early Career Researcher 8venl al Northumbria University. The preslige. scale and diversity of 36 Lime Street's artists. achievements demonstrates the qualily and reach of public engagement with the arts that is supported by the charity. 16 ACHEIVEMENTS AND PERFORMANCE Charltable Purpose The charitable objectives of 36 Lime Slreet ar8 to advance the apprecialion and understanding of the arts primarily but not exclusively the visual arts and crafts for the benefit of the public. Arnually: 50 studio users 311 visitors lo (gasses, workshops & 12 exhibiting artists as part of the OPEN programme 1102 visitors to OPEN exhibitions 31 artlsts a8 part of the members exhlbltions 5384 event attendees Gallery Our Gallery continues to be a vital exhibition and art space within the city, providing a testing ground for artists to show new and experimental work. The Gallery is often an importanl laU￿h pad for younger artisls, offering them their first chance to present work in a solo exhibition. and for mofe established artists il is a place where they can try out new work without inslilulional pressure. This year we had a strong series of exhibilions as part of our OPEN programme. wilh a mix of local artisls artisls travelling lurther afield to push the boundaries of their practice. In addilion, Ihis year the strand of the gallery involving sludio members exhibitions was expanded to indude a wholly collaborative process where Ihe 36 ￿me Street artists worked with 2 other artists for a ￿riod of lime to d8velop new collective work for the exhibition, as w811 as the creation of a 'living space, to showcase works in a home environment among others. 17 OUSEBURN TRUST InpN HIDKIN Evenls DuriThJ this pefiod, we successfully delNered'. . 4" Late Shows {14(Xl vlsitors over Ihe evening) 4 buildlng wlde events enabllng Ihe public lo access the entire building Fmm Rax lo Freelance- Heritag8 Open Day (37 over two days) This involved exploring the studios, rneeling artists, taking part in a variety of workshops and experiencing live performances. Open Studios (2080 visitors over the Iwo-day evwrt) Sprfng Open Studios (950 visitors over the {W￿daY eve￿) 18 5 largeted evenls inviting the public into the gallery or indlvldual artlsts, studlos Atmospherica (120 pecple attended these evenls) Jam (2fX) visitors to the exhib51￿) RIBA talk (28 pewle attended the talks) Architecture talk and workslK)p (19 sludenls took part in the workshops) Ousebum Festival1550 visitors to the gallery during the event) 4 members exhibitions These exhibitions allowed the studio members to showcase their work outside of their studio spaces in a curated setting. Dual Aspects Jonny BalnbTidge & Pete Flynn (800) Catalyst Louise Bradley. Effie Bums. Becky Helliar & Nicola Young (16n Made @ 36 Studio Members Group Exhibit5on Open @ 36 Studio Members Group Exhibition 19 8 OPEN Exhlblllons For this period, we received 50 aFplications through the OPEN call from which 7 exhibition proposals were selected providing. 12 artists an opportunlty to show their work wblicly Over the course ol the 7 exhibitions (11021 In total across Ihese events and exhibitions. we achieved 7453 visitors to the building, who accessed a diverse range of high-qualty artistic experIe[￿eS and events - an increase on the previous yearfs audience fvJures. Studios 36 Lime Street direclly SUPFM)rted 50 artists, makers and designers by providing affordabl8 and accessible studio and exhibition space lor them to slartlconlinue their practice. develop their careers and make new work. We are committed to providing vital workspace. and a￿ striving to create an accessible and inclusNe corrmunily where artists, designers and makers can thrive. Communlcation This y8ar has been an extremety positive year in which we have been able to focus on the inlernal structures and how we work as mernbers within the charily. The introduction of a What's App Community has vaslly improved the speed and efficiency of communication and in the overall running of the building. We have also eslatlished WorkirKJ Gr￿ps. creating more clearly defi'ned roles and responsibilities for the members in the running ol the charity- This has been extremely successful, creating a much greater sense of community and clarity helping the charily to move forward WTlh our charitable aims. We have also created a new Members Area of the web5ile, provtding an easily accessible location where important documents and informalioTI lor members can be stored and accessed. Engagement In this period 36 Lime Street actively developed cornmunity participation and engagement in the arts bolh within the building through open eventslexhibitions and b8yond through artist's outreach activitiesfvlider practice. Notable lo the success of the charities achievements is the noleworthy voluntary contribution ol members lo the running of our organisalion which has in￿eased svJnificantly since becoming a charity. We have been working towards developing our engagement programme, and have been working hard behind the scenes to put the fourKlations in place lo support this. The Delivery Group have been working closely with consultant Naomi Kinghom on Ihe develosjnent ol our policies and procedures. The provision of a safe and supportive environment for b)Ih members and visitors to the charily and building is paramount and we have spent this period reviewing. upjaling and introducing policies, so we can demonstrate our commitment to the saleguarding and wellbeing of all. Finalised Fx)lici85 include Complaints Policy, Safeguarding Policy, Equality, Diversity & Inclusion Policy, Volunteer Polw. Trustee Expenses Policy. Trustee Conflicts ol Interest Policy, Data Managemenl Policy, Privale Policy and Risk Management Policy (In prcMJress) IiiIL-i- 21 Programme and Partnerships 36 Lime Street Archlve Towards the end ol this year, we were lucky enough to work with the Creative and Cullural Industries Management MA at Northumbria University whose student Aisha Khateeb, completed an 8 week placement wilh us to establish a 36 Lime Slreet Archive. Aisha spent a ￿rIOd of lime within the building speaking to members and going through phot(NJraphs and documenls Ihat have been collecled over the organisation's hislory. Following the discovery of an early interview wilh Michael Mould the founder of Ihe sludios Aisha inteNiewed a number of members with the intenlion of creating an oral history and 'People of Lime Slreel, seclion ol the archive lo harness Ihe communal feeling that epitomises 36 Lime Street. .1 was redly impressed and touched to see that so many artisls felt so strongly about the heritage arKI history present in 36 Lime Slreet. As soon as I began speaking to members about the archive, Ihey were very receptive. offered their ￿SOurCes. knowledge, arid time. Iln my report].. I menlioned how strong the conneclions within the organisation are". We an1￿1pate Ihat Ihis archive can continu8 to grow and develop over time. Fundraising Aclivlties Performance In September 2024 the trustees submitted an application to The Supporting Act Foundation- Impact Granl. The funds applied for were to support our staffirvJ costs for charitable activities- this application was unsuccessful but each a(Jdilional application thal we complete helps lo clarty and streamline our requirements and objectives so Ihat we are Ih8n able to submil further applications more quickly and effectively. A fundraising Strategy including a timeline and plan was drafted along wtth a prospect spreadsheet for Trusts and Foundations. This spreadsheet is a living document interx4ed to grow as new fu￿ling opportunities are Identif￿d. 36 Lime Street raised £1356 Ihrough the Cl)en Studio fundraising raffles held at the November a￿1 March Open SludK)s events. Buildlng We conlinue to work lowards making our buikling accessible and to install double glazed windows lo wmply with our headlease. Towards this aim we have submitted planning consent and our architects have worked to develop our component of the RIBA stage 3 report with input from Ihe structural engineers, and services engineers to follow at a later stage. RISK MANAGEMENT The Trustees of the charity regularly review the major governance, operational and financial risks which the charity faces through regular Board Meetings and confimi Ihal systems have been established to mttigale these risks. Currenl risks and approaches to mitlgatlon Governance We continue lo work with extemal consultanl Naomi Kinghom and Ihird sector supwrt organisation Connected Voice lo develcp and strengthen our policies and procedures, lo ensure we have robusl systems in place that will enable us to expand our work in the future. Operational and Financial We have a fully repairing lease on the Gr&Je11 listed building we occupy. The nature of Ihe property means thal we have ongoing maintenance costs, as well as larger repairs that need lo be made to meel the terms ol our lease and make the building safe for its occupants and the public. We need lo ensure we have ad4uale Reserves Policy and fundraising slralegies to be able lo carry out these works and the cosl of any unloreseen issues Ihal may arise. The nalure of the building, its rtverside location and multiple occupancy means our Property fvners and Commercial Combined insurance and Fl(K)d Excess insurance is our highest and most unpredictable expense especially in a very uncompetitive market. We work closely with Lockton, our insurance brokers to make sure we get the besl value wssible and seek to make improveffents lo the building lo help lower the perceived risks. Specific risk managemeni plans are completed for larger projecls. Any risk rated as highlcrilical is immediately reported to the Board. Risk Assessments are carried out for any Publ￿ exhibitions, event and workshops. Each studio carries out a full Risk Assessment for their studio, induding Fire Risk Assessments, a￿1 eath art￿ is required lo have their own Public Liability Insurance in place. We have a Fire Group. who oversees our extemal Fire Salety review and ensure that we caiiy out any necessary work to make sure we are compliant with regulations. This includes carrying out inspecb'ons lo the building, organising regular fire alann. smoke alam and extinguisher tests and makir¥J sure all studios have an Up-lo-dale FRA in place. Financial The Trustees are satisfied that apFyopriate financial systems and controls and employment policies and praclices are in place. The general escalation of cosls due lo inflation has seen expenditure increase across the board, along with the impact of the cost of living on small businesses, means that we may be at increasing risk ol non-payment of rent, and higher lumover of tenants. We aim to mitMJate against financi￿ risks arising by.. Ensuring that prudent budgets have been set lof the next financial year. Annual rent reviews to ensure thal rental income is still sel al a fair but appropriate level Having a reserves policy allowing for flexibility arKt sustainaly'lity should unexpecled ¢>Jsts occur Aiways ensuring we gel value for fnoney wilh suppliers and purchases Advertising new spaces itnmediately ensuiing all studios are always in use. 24 PLANS FOR FUTURE YEARS Fundraising The Irustees have idenlified a number of essential improvements required to maintain and enhance the property. Key priorities include the replacement of windows, enhancemenl of Ihe fronl entrance. and significant improvements to accessibilily Ihroughout Ihe building. To support these developments, we intend to engage a Fxofessional furKJing bid wriler on a one-y8ar o)nlract. Their expèrtise will assist us in securing external funding. ensuring compliance with our head lease obligations while also making the premises more welcoming and accessible lor members and the public. The proposed improvements will be financed through a combination of grant applications, community fundraising initiatives (such as raff les and collections), and the considered use ol our financial reserves. These efforts reftect our ongoing commilment lo safeguarding the buibding's condition and ensuring it remains a valuable and inclusive Cofflmunity asset IOT years to come. Governance n addition to the new aThJ updated FK)licies, we will Lx)ntinue lo work on additional policies during the next fina￿la1 year, critically laying ihe fourxlations for the engagement strategy and erNJag8ff￿nI activity Ihat will follow. In the comirYJ years we InteTh￿ lo seek additional expertise fr¢)m ext8mal partners on the board with experience in areas such as buildings management. fundraising and fire safety- This will provide a greater breadth of experience in our governance and we will continue lo liaise with Ihe Community Foundalion and the local community to seek these partnerships. Programme and Partnerships As we continue lo lay the foundations for our engagemenl work, our focus over the coming years is to develop a more cohesive and accessible programme of communiiy participation- both wilhin our buikling and through Fx)tenlial outreach projects in the wider community. We will l(K)k to liaise with other charities. small businesses and organisations in the local area lo build up contacts for lulure engagement opportunFti&s and devebp tulure partnerships that will enable us lo deliver inclusive and meaningful acttvities that align with our charitable objectives. To support diversity and indusion within 36 Lime Street we had planned to start an artistlmaker Residency Programme in 2025, providing artists from a variety of different backgrounds I ranges ol experience with a studio space arKI an exhibition al the end ot the residency. Due to having to locus on essential building repairs we were unable to finish Ihe residency space and so plan lo hosl the residency in 2026127. We will lie the residency in with our engagement programme and look to document the pr￿esS so that the artist can promote Ihemselves and 36 Lime Street can collate all the residency aTKI information. 25 The possibility ￿ generating an income frcxn Ihe hire of our gallery space is anothef option that we will investigate, if there was a demand Ihen his would enable both an income stream for the charity and further exhibitiffllevènts opFK)rtunities lor the public and local c￿MMUnItY. Communication We will continue to develop our website as a valuable resource for members, while also 8nhancing its public-facing content to make il more dynamic, infoimalive, and engaging. In parallel, we will eslablish a compiehensive websrte and social media strategy aimed at strengthening our online presence. This will help us to better highlight q)portunities for involvement aThJ promote widef eroagement with our charitable aclivities. Building Accessibility remains a key aim lor the charity and our longer-lemi ambition is lo improve the accessibility to the building for members and visilors. We have adopled a phased approach lo providing slep free access lo 980/0 ol building and workshop space, as well as improving and expanding gallery space and introducing an education space. We are commilted to installing double-glazed windows across the 5 floors which is essential to fulfil our lease obligations. There is a plan lo install fibre intemet infraslructure throughout our building and the costing for this will begin in 2025. This urmyade would not only enhance connectivity to all members but also open new avenues for digital collaboralion in Ihe future. GOVERNANCE Governing Documents 36 Lime Street is a charitable company limited by guarante8, incorwrated on 2710611985 and regislered as a charity on 2210812022. The charity is controlled by its governing docurnenl, ils Memorandum & Articles of Association and constitutes a limiled company, lirnit8d by guarantee. as defined by the Companies Act. The Directors of the company are also Trustees ol Ihe chanty. EligibFlity for membership of Ihe charFty, and membership of the P•)ard of Trustees. is governed by the Artides ol Association. There are no reslrictions in the governing document on the operation of Ihe charily other than tIKJse imposed by general chariiy law. Charitable Purpose The charilable objectives of 36 Lime Street are to advance the apprecialion and understanding of Ihe arts primarily but not exdusively the visual arts and crafts for the benefit ol Ihe public. OUSEBURN TRUST 'JJOk*N HIPKIN Structure and Governance The charity currently has a ￿ard of 8 non-executive Trustees and 34 Members (Plus 16 non-member studio users). All Members are leaseholders of a sludio or workshop within 36 Lime Street and their activity supports our charilable objectives. Members inform 36 Lime Stre8t's activity arKI are consulted throughout the year, Ihrough their participation in working groups and al periodic General Meetings. When decisions a￿ passed by ordinary resolution. an agreement is required by a simple majority of Members presenl and voting. Special resolutions require an agreement by 75Yo of Members present and voting. The Board meets a rninimum of 8 times per year. A written Chair. Secretary and Treasurer's report. a meeting agenda., reports from member's working groups and any other necessary Board papers are prepared by the Chair, Treasurer. Company Secretary and any other relevant people lo be circulaled in advance of meelings. External trustees are always included in any financial decision making. In addition lo Board meetings there are 5 General Meetings a year including the AGM, which are open to all Truslees and Members. 36 Lime Streel is governed by the Board of Trustees with one staff member who oversees the day-lo-day opetations: DuriNJ the year April 24 lo March 25 the Studio and Buildings Managers were- Rachel Bollen and Chloe Hurst Key management remuneralion.. Studio & Buildings Manager 0.4 {£35,1 (K) pro rala) The Conlrlbutlon of Volunteers The charty makes extensive use of volunteers. During this period. it is eslimated that over 30CQ hours were volunteered by m￿berS and exlemal people to suprort the charities activities, including delivery. furvjraising, m￿keting and the management ol the building. Notable volunlary contributh)ns include: Paul Merrick & Artists- 340 Gallery Group. Selecting and coordinating programme & inslallirvJ, de-installing and invigilating exhibitions Naomi ￿'nghorn- 45 Extemal consultanl supporting the development of essential policies and management documents Lee Turner- 113 Fire Group.. weekly lire alann lesting, weekly refuse collection. fundraising Theresa Easton-152 Fire Group. handover supkK)rt. Delivery Group. meetings and wlicies K Sweeney- 28 hours Events Gr￿p. meetings and evenl planning Jayamini de Silva- 60 Community Engagemenl Group: Monthly meetings and discussions. Event group: Profile boards designed foi exhibit￿n, Tanya Axlord- 230 Treasurer.. budget, annual accounts, monthly financial updates. writing Trustees Reporl. Recruitment: supporting new staff Kate Stobbart- 54 Community Engagemenl Group: meetings, safeguarding policy, studio meelings wilh members of public Zoe Parker- 56 Buiklir¥Js Group. Updating filesilisls, prioritising jobs, delegating tasks, phone calls lo conlractors, quotes for projects. liaising with volunleers members and contractors Tessa Holland- 46 Change Group, Delivery Group, Interyiew & Welcome Group: focus groups, ailending meetings + admin time: architect proposals. Emailsladmin and organising 36 Archive with: N'bria Universty lecturers and volunteers Belhan Maddocks- 15 Finance & Fundraising Group.. public liabilily infomialion collation Laura Johnson- 37 Event group. Communications Group.. meetings and c ordination of outward facing activities Debora Goldsbury- 44 Gallery group: selecting artists. supportirKJ artisls, assisting exhibition install. organising refreshments for gallery openings, liaising with gallery team, meetings. Maria Sears- 41 Event group. meetings, organised selling events, organised exhibitions, display informatbon boards. Emma Holliday 40 Events Group; meetings, raffle collections, Ouseburn Festival painting. Buildings Group: cleaning, seeking prolessional building support Becky Helliar- 40 Delivery & Policy Group: meetings, writing safeguarding policy. Events Group: Open Studios event organisalion. Sue Woolhouse 80 Events Group" meelings, front entrance vinyl. Steve Luck- 196 Iruslee hours and Fundraising Group work Jack Mutton - 97 Fundraising Group: Supporting preparation of fundraising bids and developing building proposals. submitting for permissions Alison McGowan- 70 Delivery Group and Trustetr policy writing and developing, board meetings Zoe Garner- Events and Marft•l InccMn• 137.289 126.018 Exwidlture on: Charitab* actiiilies 119,1￿0 130.119 Tt*al •xpendllure 119,C60 130.119 N•t Ineomellexpenditurel and m0ven￿ ￿ fwd• 18,209 (4.101 R•e¢)nelliation af funds: Fund balances at 1 April 2024 109.219 113.320 Fund lJalanc•s at 31 MJr¢h 2025 127.428 109,219 The statement ol financial ￿l¥It￿ al losses recogn￿d in the yew. AJI ¢ncome and eXpe￿Illu(e derive from contj.nwng aclNitwts. 31 THIRTY-SIX LIME STREET LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior flnanclal year Unr•strictgd funds 2024 Incom• Irom: Donatiors and l&pcy8s Ch8rftab￿ athvib.es Other tradiTrJ ac*'vitios Inv851ments 69 121,313 1.633 3,003 Total Incom• 126.018 Exp•nditw• on: Charitabk 8¢livlts"es 130,119 TO￿￿ axpgndStur• 130,119 N•t incomo and mo¥wnonl In funds 14,1011 Roconcsliation of fvnd$- Fund LIaL8n￿S at 1 Awil 3)23 113,320 Fund balanc•s at 31 March 2024 109,219 THIRTY4IX LIME STREET LIMITED BALANCE SHEET AS A T31 MARCH 2025 2025 2024 Flxed assots Tangible assets 10 67J Currènt asuts Debtors Cash al bank and in hand 11 32.318 172,52S 28.493 1S8.946 204.843 187.439 Credltor5: amounts lalling due within on8 yoar 12 178,11X)I {78.8431 Net current assets 126.743 108.5 Net assets 127.428 109.219 Tho fvnd¥ oflh• eh*rity iJnrestr￿Ied funds 127.428 109.219 127.428 109.219 The company LS entilled to the eXewot￿￿n from Ihe w*"t requirement ￿ntaIn￿￿ in secbon 477 of the CuTrpanies Acl 20￿. loi the year eryjed 31 202S. The dKector ackn￿￿edgeS hvs fesF4Jnsibilrties for ci¥nttyK￿ wilh Ihe reqLirements ol the Companie5 Act 2006 wth sped to a(xounting re¢￿d$ and th• FYoparatKJn of financd statemenLS. The memLws have rnl required Ihe conwy to oL*ain of its ststen*nls fof yw in q￿stiOn In ac￿rdanC8 wilh sec¢h￿ 476. These Ilnanoal statemw)ts have prep¥ed in ac£(ffda￿ wlh ts r￿visi￿ apF4i¢abb9 to I))Mpan￿ subject lh8 small ojnpan￿s rew8. The fina￿la1 slAiemenls apw8d by VUsI￿ on .......￿ Oecember 2025.... Zi8d Jabroo Trustoo Compaw regi51ratw)n number 01926797 IENJland and Vlales) THIRTY-SIX LIME STREEf LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accoun¥ng polic1•$ Charlty Inf0m￿tIon Thirty-six Lime Strvol Lirniied is 8 wivaiè c(bm[￿¥ linMted by rtorp(Naled in England and Wales. The regisiered Offi￿ is thjsebwn War&vxw W¢ykskw & StudKJS. 36 Lwn8 Street, Ngwfja$l￿ upon Tyne, Tyne and Wear, NE1 2PQ. 1.1 Accountlng conventlon The lirianual statements have bggn twarod ￿ accord8n￿ ￿1th Ihe dwiity's wvernlng docffiient. the Cofflpanies Ad 2006. FRS 102 Yhè R￿[￿"n9 Standard awuble in ihe UK and Republic of Ireland. I-FRS 102.1 and ihe charit￿S SORP "Accounb"ng aTrJ ReFK)riing by Charihes.. Statement of Recommend&d Practice ap￿1¢￿ble to ch¥rties preparirvJ Iheir In ￿ordanCe the Financial Rep(x1ing Slwdard app1Kab￿ in UK atKI Re￿b￿C ol IrelaThJ IFRS 102)- leffeiknè 1 January 20191. Tho charity is a Put4ic Benefit ENJ"ty as d8fin6d by FRS 1(r2. Ch￿'ty has taken thantage ofttE tre SORP lor ctwthes not to propare a stateM￿t ofCa$h The fknanual statw*nts are prepared in sledvYJ. is thè ￿ndi￿al ol the ehar*ty. Monelary arrx)unts in these financ4al statements ¥e rcyjnded to Ihe ￿are51 £. Thè financial stal8menls havo b¢eft prep8fed uThler the cost o*venlion. The principal pc4iues aijopted are sel out bebw. 12 Going conc•rn Ai the lime ol approvry the Slater￿ts. tr￿teeS have 8 reasonable ex￿¢t3(￿)n IIKal the d)*tty has ￿eqUate rgsoJrces to o)nltnue fft operat#)nal Èxister￿ fcrf the foresee3￿e future. Thus the trLLStBe5 conlirtue lo adopt Ihe goiNJ co￿eM basi5 01 ￿lunt1vj in preparirg the fina￿la1 stalemenls, 1.3 CIFarftablo funds Unrestricted funds w8 avala￿0 ltr use al the disuet*Jn of the trustee$ in ffva￿e of theiT charitable Rostrlcled ftmds are subjecl to speryfic ¢J)ndition$ by donors or gr￿10[5 as to how they may be used. The PUiFoses arKI uses of the rgstri¢W are set wl in ts notes to the financol statements. 1.4 Incomo Inu)me is recowised when Ihe tharity is legal￿ entilled lo it after pwlorrnan¢* c(MNlltkJn$ have bea) mel. the amounts can be rnea5urpd Ipli*Ay. it ¢s Fwbable thai in(x)m& ba received. Cash donalion3 #re rec¢w'sed r￿e¥l. ou￿ d￿a￿"0￿5 •e recognl$&Y crf)ee the chanty has begn notsfi8d ol the dona*'on, un￿sS Perf￿nan¢e ¢(yN*D"(x)sfequife deferral oflhe aMJfil. Inecmne lax rocoverabb in rd81￿￿ to (knalDns f￿1ved urth Gift P4d or deeds Ot ¢o¥enant ￿ recow4sed al the tsrne ol tho donation. 1￿ ExpendrtyiÈ Expwditure is recx)gnBed ￿ee thÈre is a lègal or &￿str￿l￿O ctAoatrAI lo tra)sler eCon0￿C benefit to a third pariy. il Is probable Ihat a tr￿Sle1 ol bgn¢fits s%il be rerfvured in 5*deTnent, and Ihe amount ol Ihe obl'gat¥Jn can rtwvfed re&"gL4y. Expwdilure is dassified by activity. The costs ofeach aclivily afe made up ofthe total of tri￿¢1 coslsand sh*ed C051s. induding support costs in ￿nd￿￿r￿j e*h *twty. Direcl (X)sis 8ttriMtabl8 lo a singl8 actiyily aro alocated directly io that %tivity. Shar8d costs which ccnlribule lo more than one activity and sijppart Costs which are not attribuIat￿8 lo ¥ %ngle acbvily are a￿￿t￿ed IIK)59 a¢ll￿￿eS on a basis consistent with the use ol rewuices. Ceniral slaif costs we alth8ted baws oltvne wl, and de[￿lation charges are alkKated ￿ Ihe portw of IhÈ asw's use. THIRTY-SIX LIME STREET LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ountlng pollcl•$ 1.6 Tanglk4e flxed assets Tangib￿ fixed a55Pts are initi• Mea5w￿ al cl￿ srttsequenlly nwsuffjd at cosi or vAIu8ts"on. nét of deprec011￿ s￿1 any impa*mth)t k)sses. Depre(iabon is recogThsed w as to off the CO￿ (¥ ¥a￿alK￿ of ass8ts18ss I￿1r residual values over Iheif usoful Iivos the loU(y4ving bases.. Leasehjd imwovements Fixturos and filbngs Comptjtefs Cfver the lerm of the lease 20% sra**t li 20% stravJht hne 1.7 Cash and ¢a¥h •quFval•nts Cash aThY cash equivalents cash in h￿J. dBposils al cal with banks. olher Short48￿ hquid investments with c*iginal maturit￿5 of Ihw rrLx)ths or less. and bar* ovwdrafts. 8ank ovwdrafts we shown within b(Krowmgs in current ithth"bes. In¢om• Irom charltable actlvwes Unr•strl¢tsd Unra8trSct•d fvnd$ funds 202S 2024 Charftable actlvltles Charitabb rental I￿ne Olher ivton 110.083 22.339 98.530 22.783 132.422 121.313 Income fr¢Jm oth•w tradlThJ aclmtles Unrestricted Unr•$trlcl•d funds lund8 2025 2024 Fundraisng events 1,932 1,633 THIRTY-SIX LIME STREET LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expgndlturè on eharltabl• activilies Charitable •¢tiviti•s 2025 Charitabl8 actlvllles 2024 Dlrect Costs Depreaabon impairrrwl S8crèt3ry's F Renl an¢J Ral05 Clean￿g Power, Lwhl and Hoal Prcrf)ety Repaifs and Maintena Premises Insuran 275 16.842 27.096 1.787 18.177 12.278 36.105 20B 15.307 27.488 1.913 22,76S 24.056 32,742 112,560 124.479 Shar• of support and govèrnance costs (see note 5} Support Go¥ema￿e 4,014 2,486 3,432 2,20B 119,C60 130, 119 Analysis by fund Unrestricted tunds 119,C60 130,119 Support costs alloca¢•d to activiti•¥ 2025 2024 Legal aTrJ professh￿al fees Bank tharges Printing and slallonery Telgwmmuntsti¢ softwa￿ costs SurKliies Govemarte eosts 826 1,239 210 71 285 223 333 534 1,476 674 1.334 293 2,434 2,208 6.500 5.640 Analys•d b•tWO0n: Ch&itsb￿ 8¢b"Vil￿$ 6.500 5,640 THIRTY4IX LIME STREET LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Nèt m(w•mènt In funds 2025 2024 The nel movement in funds Is slaled after chwgW(crediling1.' Fees paYa￿e lor the **ndenl exaftwnalTh ol the thari￿s financ statements D•precobon of 0¥￿1 tangIts￿ ffxed assets 2,268 275 2,208 208 Trustees None ol Ilw trustee¥ lor any persons L￿￿ted wAth them) re¢¢iv&J any remuneralion or benefits from the tharity during the year. Employees The average monthly numiw d efflpboyees thyirvj the ytrai was". 2025 Numbor 2024 Numbor Managomant and staff There **re r¥) emt4oye¥s WIKW 4nrK￿ rgffwnwats.￿ ny)￿ Ihw £60.¢))O. T•x8tion The charity is exernpl fr¢Jffl taxat￿ its a¢JMbes Ix(w3e 811 its 15 appl￿ fcy chwitabk purpose¥. 10 T￿Ible fixed assets L•l$•t￿k1 Flxtur•• and Cornput¢ Total Cost Al 1 April 2024 A(Jth"IK)ns 206.699 1.037 337 23,621 231,357 337 At 31 Mptrh 2025 206.699 1.374 23.621 231,694 Deprerialion 4nd impairmont At 1 April 2024 Dwe¢ialion charge(J In the yeaf 414 23.621 230,734 275 275 Al 31 Mwch 2025 206,699 23.621 231,009 Carrying Al 31 March 2025 685 At 31 M￿h 2024 623 623 THIRTY-SIX LIME STREET LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 O¢lA¢rs 2025 2024 Amounts falling du• within on• y•af: Tr￿￿ dèblcxs 6,153 26,165 4,517 23,976 Prepayments and a￿rUed tr#>)￿ 32,318 28,493 12 Credllors: WTwunts falling du• wlthln ontr year 2025 2024 Other 18x8tson a¥KI secirrity Other creditors Accruals and dèlèrrod i1￿m0 137 179 74,295 4,369 74.473 78,IC 78.843 13 Unreslrict•d fund¥J The unre51n.cted fvnd5 01 th￿tY ccmpn'se the ur)experKknI balan￿ ol donab.ons aThJ grants are not subj'ed lo Spedr￿ cmJitx)ns by a￿1 grantors as to tl*y may be Lts8d. Th950 include design31Èd lunds whth have t￿n Set asth ¢yJt of unrestricled fund5 by Ihc trustees lor speufic purpo39& Al 1 Aprfl ¢omlng Resoufc 2024 re￿)urceS expendod Transfws At 31 March 2025 Bulding fij￿1 Ggneral fufKIs 49,C•X) .219 49.000 78.428 137.269 I119.0￿) 109.219 137.269 1119.Oeil) 127.428 Prevlou$ year: At 1 April Incon*ng R•sources 2023 r•sources expended Translers At 31 htsreh 2024 Bui&Jing fijnd General funds 49.Otx) 60.219 73.320 126.018 {130.1191 {9,0001 113.320 126.018 1130.119) 109.219 The trusteès %%ixkirvJ to ac(xue lor the Ic￿9 iern) deve1c￿nt and m•intenance of Ihe twiklsw. O CLtrrent scheffje WAI cost in the region o11m. into [￿leCti￿$. we are working io trK•ld deggnated funds lo covw upwJr(ts 0110% of thts o¥Èral eosL 14 Related party tran¥actl<)n$ There were no dis¢k)sat4e rglatod party tranS￿.￿S Ihg year12024 - n(Thl.