Finance Score: 6

Governance Score: 8

Support Score: 7

Liabilities <10%: +3
Poor Liquidity: -1
Good Reserves: +1Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Overall weighted support: +7

Overall GiG Score: 21

LEICESTER ARTS CENTRE LIMITED

Our vision is to enrich lives and celebrate diversity and ambition in film and art. Our mission is to be a dynamic artistic and creative centre where everyone can enjoy, learn about and make inspirational film and art; enriching individual lives and stimulating economic growth in Leicester and beyond. (Leicester Arts Centre operates under the brand name Phoenix).

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
This charity has a robust balance sheet
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

Why are there 14 trustees whereas the Charities Commission recommends a maximum of 12?

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but unrestricted reserves are available

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23		£5,532	£1,732	£3,801	£208	£8,605	£967	6.7	46	2
31/03/22		£5,274	£1,649	£3,625	£182	£4,804	£980	7.1	46	2
31/03/21	*	£1,957	£1,357	£600	£170	£1,179	£617	5.5	42	0
31/03/20		£2,470	£2,392	£78	£652	£580	£307	1.5	49	10
31/03/19		£2,456	£2,264	£192	£709	£501	£217	1.2	48	10
31/03/18		£2,195	£2,132	£63	£653	£310	£258	1.4	37	0
31/03/17		£2,024	£2,070	£-46	£632	£247	£209	1.2	40	0
31/03/16		£2,067	£1,955	£112	£596	£299	£257	1.6	26	0
31/03/15		£2,085	£1,970	£116	£564	£228	£193	1.2	32	0
31/03/14		£1,472	£1,398	£74	£118	£14	£-56	-0.5	25	0
31/03/13		£1,234	£1,281	£-47	£117	£-82	£-109	-1	25	0
31/03/12		£1,099	£1,156	£-57	£117	£15	£-21	-0.2	21	0
31/03/11		£1,061	£1,461	£-400	£146	£84	£56	0.5	28	0
31/03/10		£1,676	£1,242	£433	£177	£484	£445	4.3	30	0
31/03/09		£858	£895	£-37	£135	£51	£5	0.1	20	0
31/03/08		£875	£901	£-26	£83	£88	£72	1	21	0
31/03/07		£900	£917	£-17	£121	£114	£88	1.2	19	0
31/03/06		£883	£844	£39	n/a	n/a	n/a	n/a	n/a	n/a
31/03/05		£828	£828	£0	n/a	n/a	n/a	n/a	n/a	n/a
31/03/04		£790	£795	£-5	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 4.1%
Fundraising Costs/Total Spending: 12%
Senior Staff Costs/Total Spending: 5%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 5%
Liabilities/Income: 7%
Unrestricted Funds/Total Funds: 11%
Reserves/Spending: 6.7 months
Net Current Assets/Spending: 2 months
Quick Ratio: 0

Asset Split ?

Balance Sheet History

Established: 36 years

www.phoenix.org.uk

hello@phoenix.org.uk

01162422800

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Economic/Community Development/Employment
Education/Training
General Charitable Purposes
Recreation
The Advancement Of Health Or Saving Of Lives

GiG Classification

Performing and visual arts

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Leicester City, Leicestershire, Rutland,

Who it helps

Children/Young People
Elderly/Old People
Other Charities Or Voluntary Bodies
People With Disabilities
The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

DCMS	£1,870,218
Garfield Weston Foundation	£250,000
The Foyle Foundation	£35,000

Specific Donations

Amount	When Months	To be used for
DCMS - Culture Recovery Fund: Emergency Resource Support
£61,340	14/03/2022	This fund aims to provide emergency funding awards to culturally significant organisations that were financially sustainable before Covid-19 but are now at imminent risk of failure and have exhausted all other options for increasing their resilience.
Garfield Weston Foundation - Major Grants award
£250,000	19/11/2021	Phoenix 2020
DCMS - Culture Recovery Fund: Continuity Support
£282,648	27/10/2021	To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further funding in order to be able to operate on a ....more To support cultural organisations who have received funding from the Culture Recovery Fund: Grants programme, in the first or second rounds, and can clearly demonstrate the financial need for further funding in order to be able to operate on a viable and sustainable basis by 31 March 2022.
DCMS - Investment Funds
£500,000	13/08/2021	We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of ....more We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. Between 2018 and 2022, we will invest £1.45 billion of public money from government to help deliver this vision.
The Foyle Foundation - Arts
£35,000	08/07/2021	towards the shortfall in funding for the capital project following an increase in costs due to COVID-19 (awarded grant in response to coronavirus)
DCMS - National portfolio organisation 2018 - 2022
£81,945	01/04/2020	We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and ....more We are the national development agency for creativity and culture. We have set out our strategic vision in Lets Create that by 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. We invest public money from Government and The National Lottery to help support the sector and to deliver this vision.
DCMS - Cultural Capital Kickstart Fund
£645,586	01/04/2020	To support Arts and Culture throughout England
DCMS - Phoenix 2020
£298,699	01/04/2020	To support Arts and Culture throughout England
National Lottery Community Fund - Phoenix Community Cinema
£9,750	23/05/2019 12	The funding will be used to deliver community cinema events. This will encourage people to engage in positive social activities and help create a stronger community.
The Foyle Foundation - Arts
£100,000	25/04/2019	towards the Phoenix 2020 capital project to increase capacity
DCMS - National portfolio organisation 2018 - 2022
£80,464	01/04/2019	£1.6bn invested in the key arts and culture infrastrucure organisations in England for a 4 year period
DCMS - National portfolio organisation 2018 - 2022
£80,464	01/04/2018	National portfolio organisation 2018 - 2022
DCMS - National portfolio organisation 2018 - 2022
£20,116	01/04/2018	To support National portfolio organisation 2018 - 2022

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (14)

Current Trustees appointed

Gender Split

Based on 12/14 persons

Age Range of Trustees: 44-71

ALI SINCLAIR (Chair) Appointed: 2006, Occupation: Business Consultant

ADAM CLARKE Appointed: 2023, Occupation: Assistant Mayor Leicester City Council

CATHERINE JANE KERSEY Appointed: 2019, Occupation: Director Of Commercial Services

COLIN GEOFFREY SHARPE Appointed: 2015, Occupation: Head Of Finanace

DILIP KAVI Appointed: 2023, Occupation: Retired Director

DR BENEDICT ANDREW CARPENTER VAN BARTHOLD Appointed: 2017, Occupation: University Lecturer

JANE LOUISE SMITH Appointed: 2020, Occupation: None

JILL MARGARET COWLEY Appointed: 2022, Occupation: University Senior Manager

KAAEED MAMUJEE Appointed: 2023

LISA JONES Appointed: 2016, Occupation: Deputy Dean

PROFESSOR JUSTIN SMITH Appointed: 2023, Occupation: University Lecturer

PROFESSOR SURINDER MOHAN SHARMA Appointed: 2019, Occupation: University Professor

SUZANNE MELODY BRADLEY OVERTON-EDWARDS Appointed: 2013, Occupation: Education

SHOBNA BAZZAZ Appointed: 2019, Occupation: Finance Director

Legal constitution

Charitable company registered in England & Wales on 03/02/1989, number: 701078
Registered at Companies House on 13/07/1988, number: 02276987

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR21: 1 days late,

Main office

Phoenix
Phoenix Square
4 Midland Street
LEICESTER
LE1 1TG

Objectives

TO PROMOTE, MAINTAIN IMPROVE AND ADVANCE EDUCATION GENERALLY BY THE PRODUCTION OF EDUCATIONAL PLAYS AND OTHER EXAMPLES OF THE PERFORMING ARTS AND THE ENCOURAGEMENT OF THE ARTS INCLUDING THE ARTS OF DRAMA, MIME, DANCE, FILM, SINGING, MUSIC, POETRY AND THE PRODUCTION AND PRESENTATION OF ETHNIC EVENTS AND EVENTS WITHIN ANY COMMUNITY ARTS PROGRAMME AND TO FORMULATE, PREPARE AND ESTABLISH SCHEMES THEREFOR PROVIDED THAT ALL OBJECTS OF THE COMPANY SHALL BE OF A CHARITABLE NATURE.

Defined Area of Benefit:

NOT DEFINED

Data Sources

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