BLACKFRIAR.S ARTS CENTRb. LIMITED (Limited by Guarantee} Company N'o 00702834 Charity No 228391 (Lngland and Wales) DIRECTORS, AND TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2Q25 BLACKFRIARS ARTS CENTRE LIMITLD COMPANY INFOILMATION FOR THE YEAR ENDED.11 MARCH 2025 Dii'ector.s for the pui'posos of thc conipg11iN Act being- Directors and"I'rustee.$ acting as tho Couiicil of M2na2enient Ilobci'l Baicllly - chaii.tnan Charles Aull- Ai)p()inlcd 2510912024 Mrs Eli7.abeih Jolinson- Rcsigned 2510912024 Paiil Gilx8on John Jack.%oii F)8vid Cii8nl Adrian Recd Aiinetle Stcwait Jocelyn Lawman Daiiiel Poulson. Appointed 2510912024 Ila¢hcl Rowctt- Appoinied 2510912024 Company Number 00702834 {Eiigland and W81cs) Clillyity Numbei. 228391 Ilegi$tered Oftice Spain IAne Bostoi) LiiiLuIA%liiie PE216blP Independent Ir xaininer Nfj's Nicola Michellc L£nion FCCA Dexter & Sliarpc Chai'teied Cei'li fied ALLouiiiants Tlie Old VIcara￿e Cliui'cli Close Bosto PE216NA Ilankers HSEIC Rank PIC 5.7-54 Marl(eL Place Boston Lincolnshii'c PF.216LS BLACKf,RIARS ARTS CENTRE LIMITED COD4TENTS FOR THE YEAR ENDED 31 MARCH 2025 Directors, & Trus￿eS, Report Independent ExaiDiner's Report Staiement of Financial Activities Balance Sheet Cashflow Statement 9- 10 Notes to the Accounts BLACKfRIARS AR"rs CENTIIE I,IMITEI D DIRLCI'ORS, AND TRUSI'EIS, PORT F()R I'Hf YLAR LNDLD 31 MARCH 2025 The dircL￿r5 wlio are Irustces pi'esent tlicii. repoit aiid accounts for the yeai. cnded 31 MJr¢h 2025. Structure, GovLI'iiaiice M8nageillLJnl Constilution 13ckfriais Arts. Ceiitrc is 11 ¢ompi1ny liiiijteil by guai8niec goveriicd by its Mciiioiandum and Ai'(iclLS or Associatson (Coinpany niiinbci. 007028341. It is IEgistcicd as a chai'ity with tlie Lharily Coinmissioii INiiii)hci" 228391) Direciors aiid ii'usLees Tlie diiectoi.% oftlie cliaiitable coinpany Itlio cliai'ily) al'e its ti'usiee.$ for the purpose ofcliaiily law. The Irust¢es al'c detailcd on page l. ointnicijt of trustees As sct oiit iii the Articles of AssoLiation, additional ts'ustees can b¢ co-optcd on the board whcii it sc¢s fit. Truslee induciion and traiiiin New tru8tces undergo an orientaiioii day to brief them their legal obligations under chariiy and cojiipany law, Ihe Cliarity c.oniiiiissioii guidaiice oli public l)enefit. conienl of il)e Menioi'ai)duni and Articlcs of Association, the eoillmittec aiid decision-liiaking proc¢.%.8cs, the business plan and receiit fjiiancial perfoi"mance of tlie ehai'ity Obj¢cts of thc Ch#iity Tlie cliai'ity's objects and priiicipal dctivily continues to be tl)at of pre5ei.ving and In&intaining th¢ Doillinican Friai'y in Spain Lane, Bosioii, Lineoliisliire as a cultural centt'e and Lo proiiii)te, maintaili. illlPTove and advance educatioii pai'licularly by (lie pi-oduction of educiltional play5 and tlie encouiageinent of ihe art%, including tlie arts ocdrama, Iniiiie, daiice, singii)g and niusic, iTriid to foni)ulaie, pi'cpare and esiablisl) %cliemes. Wc liave icfcntd to the guidaiice contaiiiLd in thc Charity Comniisslotk's geiieral guidance oli public beii¢fit whcn I'cvicwiiig OilT aiin anil objeclives aiid iji planning our Cuturc èL¢tiviLies lil Pc111icular, the ii'us(ees eOllsid¢r l)ow pla[￿ed aclivities will contribute to the aims and objcctives tlicy l)avc sLt. Our chaiitablc activitics aie in&isnly pi-ovided to the ie.%idellts nt'Lin¢ulnsliire. We aiin to pi'i)vidc ali oppot'tiinily lo eiial)le cliildi-en and adiilL% LO experience ayt aiid ciiliui'e and io fui'iliei- oui. cliarithble iiiirpos¢s r(Tri' Ilie beiiefil of the piibliL. l)rganisation The board conliniies to providc <1 widc sclectioii ofdniateiii" and pi'octssional #cts ul'such a n￿t￿l'C th&2t Iliei'c will be a higher IL?vcI of public intercst in all of iliL %erviLCS piovidLd hy Llic Cuiiiiidlly, dnd pi'ovide a i'easoiiable rctui'ii un its inv¢sLIiiLlit aiid soinc sucLLss li￿15 bcen iiicasui-ed in the rcsthlts for ihis fiiiaiicial yc&i-_ it is hoped la continue this iiito 2025. Tlic company lia5 rlic 5UPPOlt of inany voluiiieei-& iii tlie thcatrc and give8 tliank.s for tlieir support wliich tlie thcau'e would nol.%urvive. li is csiiinated tli&L Ilic valuc of volunlCCI' activily is 18,049 liaurs. wiiliout Cont. BLACKFRIARS ARTS CENTRE LIMITED DIRECTORS, AND TRUSTEES, REPORT FOR THE YLAR LNDLD 31 MARCH 2025 CONT. Related p#rtie5 None of the trustees receive remLineration or Ollier benefit froin their work with the charity and any expenses re- imbursed ts) the iTUStees ai"e detalled within tlie notes. Any Connection between a tsustee of tlie chaTity witli a productioi) Company, contracted actor, performer or exliibitor niust be disclosed to the full ￿0￿.d of trustees in the same way any oihcr conts?ctual relationship with a i'elated P￿ty. Iii d)e c￿￿￿1t year no such related party transactions were rcpoi'ted. Blackfriars Arts Cents"e Ltd owns tlie whole of tlie issued sl)ai'e capital of Blackfi'iars Club Ltd. This company's Principal activity continues to be that of licensed victuallers at the Blackfiiars Arts Ceiitre premises. Blackfriars Club L￿'S principal objects are to provide fInancial and su¢li oti)ei' fornis of support as the directois tiiink fit to Blackfi'iars Arts Centie Ltd. Tlie coinpaiiy entei'ed into a deed of covenant whereby all its distributable profits were paid to Blackfri￿￿ Ai'ts Centre Ltd, and as sucli. no dividends were payabl¢ by that company. The deed of covenallt now comes witl)in tile Gift Aid arrangert￿ftts. During the Ye￿ a loss of £93 was inade by tl)e Club ineaning Gift Aid of £20.97] was paid io the Arts Centre, (2024- £375 loss and Gift Aid of £10,059). Development, actlvltles and &ehlevemeThts this year Tl)e tru$tees continue to find ways to secure the fu￿re of Blackfri2rs Art Centr¢ l.td. The management group is continuing to look at ways of providin(r fijnding witliout relying on grants from Boston Borough Coiincil. The interest fiEe loan from niembei's of tl)e public rdi8¢d rev¢nu¢ of £22,470 and is still outstanding. BlackfriaTS Arts Centre focus¢s on con¢￿ts and stage perforniances, froin both professioivdl acts and 8mat¢w' community groups. The pi'ogramme achiev¢s a mix to suit a l'ange of public tastcs, such as drama, ball¢t, usicaly, opeiz and tributc acts. At Christmas each yeat there is 8 pantomime, which was w¢ll atteiided this year. We l)ave finished our tl)ird year a5 aTt Arts Council England National Portfolio Organisation. We've made good progress with this over die l&st year. Future developments Th¢ board of Ellackfriars continues to press aiiead with exciting Cl￿nge5 and improv¢mcnts for the future, cmbiacing its role as a National Portfolio OI"ganisatioiTr with Arts Council Englaiid. Applying for available granl funding and exploring otl)er projects and revenue streains to secure the future of Blackfiiars Aris Centre. Tl)e new Executive and Creative Director lias been ta%ked with delivei'ing oui. NPO objectives &% well as developing and improving I'¢venu¢ streams, policies and pi.0w.an￿min8. Cont. BLACKfRIARS AIITS CEINTRE LIMITED DIRI,;CTORS' Tltus'rELi S, REPOIIT I,'OR THE YF.AR FJNI DEI D 31 MARCH 2025 CONT. Resei'ves, financial po.sitioTh and risk management The incoiiie ai)d expcnditur¢ accouiit.%hows a revenue profit foi. th¢ ycar of £22.67112024 £56,202 profit). 'fiiis profil iiTrcretiSLd tlic cliJrity fund5 to £577.122. In oi'dei. lo continue to i)i"eseJit a divcrse prograinine and al%0 to adeqiiarely rcinulleiaie our staff t)ie ti"uslees realise tlie neLd LO,%eck additional revei)ue funding, and continually putsue policies to generate sucli fi]nd%. The 11)oniior the progress and fiiiaiicial situation at thcir Irgular meetiiigs. Withiii tl)cse ii)¢cling they.. Irview tl)e rislcs ihe ¢hdl'iLy iiiay face: coii%idLI' systcins dnil pi'o¢cdui'es lo miligal¢ thc%e I'i%ks,' and considei. proLLQiii"es desigFI)cd to tniiiiinise aiiy potential impacl on the Lharily should aiiy of Lhese risks Inaleri2lise. Tan%il)le flxcd asscts foi. use by the cliarity Detsils of movemenLg in fixed assets aLE sei oui in iiote 8 to Ihc ac¢(>utiLs. Statemenl of Trustees, rL'$ponsibilities 'rhe twst¢es are itouired by coinpany law w prepare fiiian¢idl siaieineiits foi" cach financial year which giv¢ a Mic and fair vicw of thc financial aclivili¢5 of the charily andof its financial position ai thc cnd of ihat ycai.. Iii prepai'ing Iliose financial statcinenis. rlie trustees are i'equired to.. select Suitable a¢¢ouniing policies and Llien apply tl)ein coiisist¢ntly- iiiake judgements atid estimates that ai"c rcasoiiable £illd piudeiit", state whcthcr the policies ttdopted al'c in ilCCOI"dance witTri tlic Coinpatiies Act 2006 and with applicable accouiittiig stcindards and statements of rwommended pr&Lctice, subject LO any Liiaterial dcpariiw¢s disclosed ai)d explaincd in tIiE finclncial statements. pieparc thc financial sl