Sptjsby Sessions House Company Number: 11960897 Charity Number: 1201217 Annual Report and Fin4nci#l Ststements for the YUT ended Jl" M#r¢h 2025 'AEHYVDE0* 2211212025 COMPANIES HOUSE 138 Saul Fairbolm Limited Cbartered Accountants 12 TeDtercroft Street Lincoln LNS 7DB
SPILSBY SESSIONS HOUSE Finnti#l Statements for the er ended 31" M h 2025 NTE Reference and Administrative Details 24. Trustees, Report Trustees. Responsibilili¢s in Relation to ih¢ Financial Statements Indendent Examlner's Rep)rt Statement of Financial Activities Balance Sheei 9-14. Note5 to the FinarKial Sts*ments
SPILSBY SESSIONS HOUSE Reference aDd Administrative Details for tbe ear eDded 31" Marcb 202 Charity Ngme Spilsby Sessions Ho Charity Registrstiott Number 1201217 Compatyy Registration Number 11960897 Principal And Registered Office Spilsby Theatre Church Street Spilsby Lincolnshire PE23 5DY Bankers Lloyds Bank PLC Trustees Mr Kevin tAxkyer Mr James Brindle Mrs Jean Shaftoe Mrs Tracey Robson Mr David Start Mr lan Steliner Mrs Lorraine WatkInn MT Bntt Knight Chainnan Resigned 17th November 2025 Resigned 30th October 2025 Accountant Saul Fairholm Limited 12 Tentercroft Street Lincoln LN5 7DB Treasurer Mr David Start
SPILSBY S SION USE rt of the Trustees for the ear eDded 31st Mr¢h 2025 The Trustees, who are Directors for thc purpose of Coiiipiy Law. preseni iheir report for the year ended 31° March 2025, in accordance the Companie5 Act 2006. The Financial Stements comply with the Charities Act 2011. Companies Act 2(M)6, the Memorandum and Articles of ASslatIon awjd Ac¢ounting Reporting by Charities.. Statement of Re¢omrnended Practice applicable io ¢hariiies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Effective I. January 2019). STRUCTURE, GOVERNANCE AND MANAGENIENT Governing DocuTnent The Ch8Jity is controlled by its Memorandum and Articles of Association and constitutes a charitable company, limited by guarantee. as defined by the Companies Act 2006. Trustees and key management Trustees are required to have a clear understanding of the chariry'5 objectives and are recruited lo provide the Tange of skills and expertise required by the organisation. Trustees are responsible for the development and direction of the charity and undertake the decision-making pro¢e5s in all aspect's of the charity's activities. Public Benefit The tru¢¢$ have had regard to the Charity Commission5 Guidance on public benefit. The charity is established for public benefit io (l) preserve and to provide public access to an historic building. and (2) to promote PLbblic access to the arts and public edutiOn in the arts. The charity aims to restore the Session5 House. an iconic Lincolnshire landmark of lo¢al and nationa] significance. and io bring people together in a celebralion of arts. heritage and community. Our vision is lo a first-¢1oss heritas¢ and cultural centre. providing high quality experiences to inspire and engage and to play an active role in the life of our comTnunity. We will contribute SiErufL¢anily io the local economy and to well-being and quality of life, attd provide a venue. a welcoming communiry hub. that will be inspirational. in¢lusive and innovaiive. within an organisation whi¢h will be a regional centre of excellence for engagement with the arts, learning and heritage. Our mission is to inspire people to engage with both heritage and the arts. We will be a compelling driver for njral regeneration contributing to the local economy. We will make a positive difference to people's lives and inspire and challenge them to explore their world and look at ihings differently. We will raise aspirations to help to build & strong and Cohesive community and aim to be a PKJwerful leaming resource for people of all ag¢s. needs and ba¢kgrour]ds. Risk and UDcertainti¢s The Trustees have assessed ihe risks to which the Charity is exrx)sed. particularly in relation to the operation and finance of the trust and are satisfied that systems are in place lo mitigate exposure to Tnajor risks. The main risk is the ability of the Charity to continue to rdise funding in accordance with its obje¢iives, which we are mitigating through the development of a comprehensive funding strategy.
ilsb Sessions HOse ort oftbe Trustee5 for tbe ear eDded 31" Mar¢b 2025 (Collt'd) OBJECTIVES AND ACTIVITIES Objectives and Aims The objectives of the charitable company are:_ To promote for ihe benefit of the public the preservation and protection of the historic building Spilsby Theatre (Spilsby Session House) and to advance the education of the history of the building by providing public acce55 and in such other ways as the trusiees see fit. To advance public edLtcation in the arts. in particul but not exclusively dram4 dance and music. by the provision of public concerts and by lh¢ pmvision of workshops, classes and art sessions and in such oiher ways &$ the trustees see fit. SIGNIFICANT ACTtVfTIES DURIN THE YEAR During the year a programme of temporary emergency repair5, funded through the Historic England Repair Grants for Heritage at RISL was contracted and ¢ompl¢ied. Th¢ first phase of the building repair project w&$ launched in July and will be ongoing to 2026. ACHIEVEMENT AND PERFORMANCE Chairman's Re 2024125 has continued to be busy for the Director5 and Trustees of SSH as the major project to repair nd Tenovaie the building has picked up pace utilising a ioial of £4.9m in funding secured through the Connected Coas1 Cultura] & Heritage Programme (fornially the Levelling Up Fund), to repair and refurbish Spilsby Sessions House. This grant is administered and managed through East Lindsey District Council (ELDC). There is ongoing liaison between the trustees and the project management team employed by ELDC. Further fijnding of c. £1.6m is Still being sought to bring the project to completion. Preliminary works during the year have in¢luded a wide range of preparatory surveys to facilitate the archiiectural design and finalise the planning and listed building applications and COT)Struction work began in earnest during the year. Sessions Arts have continued to develop and deliver a programme of high-quality outreach events, communal engagement and creative development during th¢ year. These inspiratioftal community arts activities keep the artistic work and profile of SSH active and visible to the public during the restoration of the Sessions House bLEilding. We are m05t grateful TO Brnce Knight aNI his colleagues for the development and delivery of this programme. FINAN IAL REVIEW Reserv¢$ Policy During the year the Charity received funds from Historic England and East Lirvjsey District Council towards & program of Emergency Repairs. The key summary of funds received and expended is shown on page 14 of the Mccounts. Investment Policy The ¢urrent policy is to hold any surplus Cash resources in low risK interest bearing dep)sii accounts.
ilsb Sessions House rt of the Trustees for ibe ear ended 31" Marcb 2025 (CoDt'd) GOING CONCERN The Trustees have reviewed the current ¢irrumstan¢es of the Charity and consider ihat th¢ Charity is a going concern based un its current funding and activitie5. FtrruRE DEVELOPMENrs The iransforniaiton of Spilsby Sessiorts House will result in an outstsnding multi-purpose arts and culture facility. Many features of its interesting spa¢es and rooms. including the original court room and prison cells, will be brought back inio use io suii modern purposes and requirements. whilst retaining the historic and architectural integrity of th¢ building. It will fom) a community venue accessible to all which will become a regional centre foi arts developmenl, providing much-needed 5UPPOrt for local talent. The building will honour its hIor1¢ significance and remain a heritage attraction for Spilsby and wider area. Approved by the BoaTd and signed on its behalf by: Kevin Lockyer Chair of Trustees Dated.. 16 December 2025
ilsb Sessions House Trustee5' Re5 Dsibilities in relation to the FiDaDtial Statem¢Dt5 The Tnistees (who are also directors of Spilsby Sessions Hvus¢ for the purpos¢ of Company Law) are responsible for preparing the Trustees, Annual Report and the finan¢ial siatemenis in accordance with applicable law and the United Kingdom Ac¢ounling Stsndards (United Kingdom Generdlly Accepled A¢¢ounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company ad of the incoming re50ur¢¢s and appli¢ations of resources, including income and expenditure, of the charitsble company period. In pr¢paring these financial ststernents. Ihe Trustees are required to-. select suitable accounting polici¢s and then apply them consistenily. observe the methods and principles in ihe Charities SORP. make judgements and estimates that are reasonable and prudenL state whether applicable UK accounting Standards have been followe¢ subje¢t to any mat¢rial departures disclosed and explabned in the financial staiements. and prepare the financi statements on ihe going concern basis unles5 It is inappropriate to resume that the charitable company will continue in business. The Trustees are spOnSIble for keeping proper accounting records that disclose wtth reasonable accuracy ai any time the financial KM)silion of the chariiable company and enable them lo ensure that the financial statements ¢omply with the Companies Act 2(M)6. They are also responsible for safeguarding the assets of ihe charilable company and hence for taking reasonable steps for the prevention and detection of frdud and other irregularitie5. In preparing this report. the Trusiees have iaken advantage of the small companies exemptions provided by section 4 ISA of the Companie5 Act 2(M)6.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPILSBY SESSIONS HOUSE I report on the accounts of the company for ihe year. ended 31." Mareh 2025, 4¥hich are set.out"on pages 7 10 14. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The Trustees (who are also the directors of the Company for the purpose of company law) are responsible for the preparation of th¢ a¢¢ounts. The Trustees consider thai an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied mys¢lf that the Charity is not subje¢t to audit under Part 16 of th¢ Companies Act 2(K)6 and is eligible for independent exaMi10n. it is my responsibility to.. examine the accounts under section 145 of the 2011 Act- follow the procedures laid down in the General Dire¢tors given by the Charity Commission under Se¢tion 145{5Xb) of the 2011 Act. and state whether particular matters have come to my attention. BASIS OF INDEPENDENf EXAMINER'S REPORT My examination was carried oui itl ac¢ordance with the General Dire¢tives given by the Charity Commission. An examination includes a review of the accouniing rewrds kept by ihe Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual iiems or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do noi provide all the evidence th* would be required in an audii and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limite¢J to those matters set out in the statement below. II¥DEPENDENT EXAMINER'S STATEMENT In connection with my examination. no matter h&$ come to my atiention: which gives me reasonable Cause to believe that in any material TesFeCt t requirements-.- to keep accounting records in accordance with seeiion 386 of the of the Companies Act 2006. and to prepare accounts which o¢¢ord with the accounting records, cornply with the accounting requireTnents of Section 396 of the Companie5 Act 2006 and with ihe methods and principles of the SratewT]ent of Recornmended Praciice- Accounting and Rewjrting by Charities have not be¢n m¢i- or to which. in my opinion, attention should be drnwn in order to enable a proper understanding of lh¢ a¢¢ounts io be rea¢hed. {2) 12 Tenier¢roft Street Lincoln LN5 7DB RogeT White (ACA) Saul Fairholm Limited Dated: 161h December 2025
SPILSBY SESSIONS HOUSE Statement of Com for ¢h¢ rehensive lllcome nd Fio¥ncil Affairs ear ended Jl" March 2025 Total Funds 2025 Total Funds 21124 reslrieled Restricted Funds FvThds Note INCOME AND ENDOWMENTS FROM: Donations and Legacie5 Charilable Activities 535 3(X) 535 588.355 117 98,915 588.055 TOTAL INCOME 835 588,055 588,890 99.032 EXPENDITURE ON: Charitable aciivities 3.686 11.000 14.686 3.977 TOTAL ExPENDURE 3.686 11,000 14,686 3,977 NET INCOMEJ(EXPE]¥DITURE) (2.851) 577.055 574.204 95.055 TRANSFERS BETWEEN FUIYDS 10 NET MOVEMENT IN FUNDS (2.851) 577,055 574.204 95,055 RECONCILIATION OF FUNDS Totai Funds Broughi Forward 12 12.965 128.419 141.384 46,329 Total Funds Carry Fonvard 10.114 70.5.474 715,588 141.384 All incoming resour¢¢s and resources expended derive from ¢ontinuing activities.
SPIiSBY SESSIONS HOUSE Baln¢¢ Sheet 5 at 31" March 2025 Note 2025 2024 FIXED ASSETS Tangible Assets 710,981 133.926 CURRENf ASSETS Debtor5 Cash ai Bank and in Hand 2.084 4.023 2.004 6.954 6,107 8,958 CREDITORS,: Amount5 talling due within one year (1.500) (1.500) NET CURRENT ASSETS 4.607 7.458 NET ASSETS 715.588 141,384 THE FUNDS OF THE CHARITY Unrestricled Funds Restri¢ted Funds 10 10 10.114 705,474 12,965 128.419 TOTAL CHARrrY FUNDS 715,588 141.384 For the year ending 31 # March 2025. the Charity entitled to exemption from audit und¢r S¢ction 477 of the Companies Act 2006 relating to small companies. The members have not required the Charity to obtain an audit in accordance with Section 476 of the Companies Act 2006. The trusiees ¥knowledge theiT responsibility for complying with the requirements of ihe A¢1 with respect to accounting records and for the preparation of the accounts. These ac¢ouniS have been prepared in CordanCe with the provisions applicable to companies subject to the small companies regime. Approved by the Board of Truste¢s on 16 December 2025 and were $i*d on its behalf by: Mr Kevin Lockyer - Tru51ee Company Nurnber.. 11960897
PILSBY HOU Notes to the Finan i2IA unts for the egrended 31" M¥rch 202 CMARrrY STATUS The Charity is a Company registered in the United Kingdom. England and is limited by guarantee, having no share capital. Each Trustee is liable io coniribuie a maximum amount of £10 in the eveni of a liquidation of the company. The prin¢ipa] place of operation and registered offi¢e of the Charity is shown on page l. ACCOUNTtNG POLICIES Summary of SbgDifi¢ant AccountiDg Po15e5es •nd Key A¢¢ounting Estimates The principal accounting policies applied in the preparation of these fiwJan¢ial stst¢m¢nts are set out below. These F4)licies have been consistently applied to all ihe years prtrnted. unles otherwise stated. ststemettt of Complian¢¢ The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing (heir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l* January 2019) - (Charilies SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of Preparation The Sessions House meets th¢ definition of a public nefi1 entity under FRS 102. Assets artd liabilities are InitilY recognised at historical cosl or trdnsaction valu¢ unless oihetwise ststed in the levant a¢¢ounting wlicy notes. Going Concern The Trustees have reviewed the current CircumsceS of the Charity 8nd wnsid¢r that th¢ Lharily is a going concern based UOn its current funding and activilies. Exemption from Prepgring g Ca$b Flow Statement The Charity has opted not to include a Cash Flow Statement in thes¢ financial statements. Heriiage Assets Land and buildings owned by the Charity are rted inilial costs plus uplift in value as work is undertaken to retKIve the property. Once the renovation is Complete it will be the policy of the charity to apply an appropriate rate of amortisation for nomial d¢terioration. Income and Endowments All incowne 15 recognised once ihe c.harity ha5 entiilement to the incomc, it is probable tlidi Ihe in¢om¢ will be received and the amount of the in¢ome re¢eivable can be measured reliably. Donatlolls and Legacies Donations are recogni5ed when the Charity has been notifi&1 in writing of both the amount and settlemeni date. In the event that a donation is subject io condilions that require a l¢vel of perfomiance by ihe Charity before the Charity is entitled to th¢ funds. Ihe incom¢ is deferred and not recognised until either Ihose Conditions are fully met. or (he fulfilment of those conditions is wholly within the control of the Charity and it is probable thd these conditions will be fulfilled in the reporting period.
10. SPILSBY SESSIONS HOUSE l¥otes to the Fioanfial Accounts for the ear eDded 31" Mar¢b 2025 (Cont'd) ACCOUNTtNG POLICIES (CONT'D) Expenditure All expenditure is recognised once there is a legal or constructive obligation io that expenditure. it is probable settlement 15 required and the amouni wi bc measured reliably. Where costs cannot be directly attributed to particular headings they have been alloc&ed on a basis consistern with the use of resour¢e% with ¢entral siaff cosis allo¢ated on the basis of time spent. and depreciaiion ch3rges ail(thted th¢ ponion of the assets use. Okh¢r support costs are allocated based on lh¢ spread of ¢osis. Support Cwts Supwn costs include conlrol functions and have allted to tIvIty cost categories on a b&sis consistent with the use of resources, for example. allocating property costs by floor ares or per capity Staff c4)sts by the time spent and other costs by their usage. Gov¢rmanee Costs These include the costs attributable to the Charity's compliance with constitutional and statutory requirements. including independent examination, strdtegic management and Trnstees, meetings and reimbursed expenses. Taxation The Charity is considered io pass the test5 set out in Paragraph I Schedule 6 of the Finance Aci 2010 and therefore it meets the definition of the charitable company for UK corporation t&x purposes. Accordingly. the Chlty is potenlially exewnpi from taxation in resFfCt of income or capital gains received within categories covered by Chapter 3 Part I l of the CorFK>ration Tax Act 2010 or Se¢tion 256 of the Taxatson of Chargeable Gains Act 1992, to the exieni ihat such income or gains are applied exclusively io chariiable purposes. Fund Structure Utuestricted income funds are generdl funds that are available for use at the Tru5tees' discretion in furtherance of the obje¢iives of the Clwity. Re¢ognitlott and Measurement All financial assets and liabilities are initially measured at iransaction price (including transaction costs). except for those financial assets classified &5 at fair value through the SOFA. which are initially measure¢J at fair value (which is normally the transaction price excluding transaction Costs), unless ihe arrangement ¢onstitute5 a financing transaction. If an arrangemeni consiifut¢s a financing transaction. Ihe financial asset or financial liability is measured at the present value of ihe future payments discounted at a markei rate of lniere for a similar debt instrument. Financial a5sels and liabilities are only offset in the siatement of financial position when, and only when there exists a legaily enforceable right to set off the recognised amounts and the Charity iniends either to settle on a nei basi& or to realise the asset and settle the liability 5imulianeously Recogrtition and M¢•suremeDt Financial assets are derecognised when and only when (a) the wntrn¢tual rights lo the cash tlows from the financial asset expire or are senled (b) the Charity transfers to another party substantially all of the risks and WardS of ownership of the finan¢1 asset, or (c) the Charity. despi1¢ having retained some. bui not all. significant risks and rewards of ownership, has transferred control of the &sset io another party. Financial liabililies are derecognised only when the obligation 5CIffied in tk ¢ontract is discharged, cancelled or expire5.
SPILSBY IONS HOUSE Notes to tbe Finanei*l Ateounts for tbe earended 31- Mareb 202S (CoDt>d) ACCOUNTING POLICIES {CONT?D} Fair Value Measuremeot The best evidence of fair value is a quoied pri¢e for an identical asset in an &¢tive market. When quoted prices are unavailable. Ihe price of a recent tTansaciion for an id¢niical asset provides evidence of fair value as long a5 there has not been a significant ¢hang¢ in economic circumstances or a signifi¢ani lapse of time since ihe trdnsaction took place. If the market is not active and recent iTansactions of an identical assei on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. DONATIONS AIW LEGACIES Total Funds 2025 Total Funds 2024 restricted Funds Restricted Funds Donations 535 535 All donaiions in 2024 were unresiricted INCOME RESOURCES FROM CHARITABLE AcfiviTE Total Fund$ Totol Funds restricted Funds Restricted Fund$ GTants Re¢eived Historic England E&st Lindsey District Council Theatres Trusl Heritage Trust 26,886 69.729 577.055 10.500 500 577,055 10,500 Membership Fe Rental Income Sales ofgoods 300 300 795 1,250 255 300 588.055 588.355 98.915 In 2024 unrestricted incom¢ from charitable activities amounfrd 10 £2.300 and rtstrictcd income amounted to £96.615.
12. PILSBY SESSIONS HOUSE Notes to the Financial Accounts for the er ended 31" Mareb 2025 (Collt'd) TOTAL RESOURCES EXPENDED Unrestricted Restricted Total 2025 Total 2024 DIRECT COST SHARe Project Insurance Professional fees Subscriptions Other costs 500 51y) 2.073 10.535 2,193 35 loo 2.073 10.500 100 132 2.328 11,000 13,328 2.305 GOVERNANCE COSTS Independent Examination ,358 1,358 ,772 All expenditure in 2024 was unrestricted TRUSTEES REMUNERATION AND EXPENSES No Trust¢¢s received any remuneration during ihe year. TAXATION The company is exempt from paying corporaiion t&x due to its charitable status and on ihe b&sis that is not carrying on any trading activiiies. HERITAGE A ET IAnd and Buildings COSTS As at I. April 2024 Additions 133.926 577,055 As ai 31. March 2025 710,981 AMORTISATION As at IY April 2024 Charge for the Year As at 31° March 2025 NET BOOK VALUE As at 31° March 2025 710,981 As at 31 March 2024 133,926
13. PILSBY SESSIONS H USE Note8 to the Financial Aeeounts for the egr ended 31° Mareb 21125 (Cont'd) DuTing the yeaT the renovation of the PrOrtY continued with essential work being carried out to make safe the building. The cost of thc work being Carri oul enhances the proFtrty value and has therefore been pItalIZed in the financia] sthiements. DEwr Amount$ falling due witbitt one year 202 2024 Other Debtors 2,084 2.004 LREDITORS: Amounts f#lliHg due witbiD one year 2025 2024 Other Creditors 1,500 1,500 io. ANALYSIS OF FUNDS Atl" April IDcoming 2024 Resour At Jl., Mareb 202S Resources GENERAL FUNDS 12.965 835 3.686 10,114 RESTRICTED FUNDS HistOTiC England Urgent Repair Fund East Lindsey DC Theatres Trust Heritsge Trusi 26.886 31.804 69.729 26,886 31.804 646,784 577,055 10,500 500 10.500 500 128.419 588.055 11.000 705,474 141.384 588.890 14,686 715,588
14. SPILSBY SESSIONS HOUSE N t t the Financial Accounts for the ear ended 315t March 2025 (Cont'd) io. ANALY OF FUNDS CONT'D Atl" April Jncoming 2023 Resources At31" Mareh 2024 Resources ended Transfers GENERAL FUP4DS 14.525 2.417 3.977 12.965 RESTRICTED FUNDS Hisioric England Urgent Repair Fund East Lindsey DC 26.886 26,866 31,804 31,804 31.804 96.615 128.419 46,329 99,032 3.977 141.384 Restricted funds represeni funding received io enable the renovation of the property. Funding received form East Lindsey Disirtct Council is pan of an overnll mu¢h larger reserve that as been granted by Easi Lindsey Districi Council, under a Government Levelling-up Scheme. to facilktaie the projeci of fully renovating the building. The control of these fund5 will be managed by Fast Lindsey District Council over the duration of ihe project. The Carrying reserve value for restricted funds is represented by the by the increase in value of property &%sets as reported in the financial statements. IA. NET ASSETS BY FUND Total Fullds 2025 restricted Fund Restrieted Funds Tangible Assets Current Assets Crediiors: Amounts falling due within one year 5,507 6.107 (1,500) 705.474 710.981 6,107 (1,500) Nel Assets 10,114 705,474 715,588 Total Funds 2024 re$tri¢ttd Funds Restricted Funds Tangible A55ets Current A55ets Creditors- Amounts falling due within one year 5,507 8,958 (1.500) 128.419 133.926 8,958 (1.500) Net Assets 12,965 128.419 141,384