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← The Brunswick Town Charitable Trust

2025-06-30-accounts

Charity Registration No. 1012216

THE BRUNSWICK TOWN CHARITABLE TRUST

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

One Bell Lane Lewes East Sussex BN7 1JU

THE BRUNSWICK TOWN CHARITABLE TRUST

CONTENTS

Page
Company information 1
Trustees' report 2 - 4
Independent examiner's report 5
Statement of financial activities 6
Balance sheet 7
Notes to the financial statements 8 - 17

THE BRUNSWICK TOWN CHARITABLE TRUST

COMPANY INFORMATION

Trustees Ms S Gibbings C I Hill Cross Dr M E C Morgan (Appointed 12 November 2025) Dr S P Parissien (Appointed 15 December 2025) Charity number 1012216 Principal address 13 Brunswick Square Brighton East Sussex BN3 1EH Independent examiner TC Group One Bell Lane Lewes East Sussex BN7 1JU Bankers National Westminster Bank Plc 8 Pavilion Buildings Castle Square Brighton East Sussex BN1 1DP

THE BRUNSWICK TOWN CHARITABLE TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2025

The trustees present their report and accounts for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The main objectives of the charity are the raising of public and private funds to restore and maintain property of high architectural value in the Brunswick Square area of Hove, together with the provision of an operational educational centre focusing on early 19th century urban architecture and lifestyle. The charity's objectives are partly realised through the use of computer technology to acquire, analyse and disseminate historical information. There has been no change to these objectives in the year.

The trustees anticipate no significant changes to the nature of activities carried out in the foreseeable future.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Throughout the year we delivered heritage-focused architectural events via our regular house tours and through a series of specialist presentations for visitors from the UK, Europe, the Americas, Australia, etc.

Our volunteer groups (events, theatre, costume, research, etc.) all worked on projects to develop their knowledge and skills and during the summer and autumn, they showcased their work, hosting very well received exhibitions and events.

During September, as ever, we delivered a wide variety of free events around the city to celebrate Heritage Open Days. These proved very popular and were well attended, and collectively they allowed us to deliver one of the larger national programmes. Furthermore, many of those who partnered with us to deliver events were quick to confirm their ongoing annual participation.

Further progress was also made with cataloguing the Joll Collection of silhouettes and an exhibition was staged of 18th and 19th century portraits in the autumn of 2024.

Complementing our heritage programmes, our 2024-25 arts programme drew in a significant number of visitors and introduced many of these to the Town House for the first time. This fertile cultural cross over, is extremely useful in recruiting new ‘Friends’ and increasing donations to our organisation and we are looking for ways to expand exhibition capacity.

The year saw eight exhibitions, three drama productions, three photoshoots, life drawing classes and numerous other events.

THE BRUNSWICK TOWN CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Amongst the highlights: an exhibition of work by Sky Arts featured artist Amy Dury; the hundreds of visitors to our Artists Open Houses exhibitions in May; multi-award-winning actor David Westhead’s presentation of Krapp’s Last Tape ; The Writer’s Mark production of The Leonora Banquet; the brilliant exhibition of wedding finery, I said ‘Yes’ in this Dress, originated, organised and presented by our volunteers; talks on Turner and Constable by our own trustees Dr Matthew Morgan; and the season-closing recital of Christmas Carol by Anthony Roberts.

We have again been able to offer the Town House free of charge to several local third-party users, including the B&H Women’s History Group, who have gathered monthly, and the Friends of Brunswick Square and Terrace who meet twice annually.

We have continued our research and experimentation activities with Dr Marcus Winter at the University of Brighton. This collaboration saw us roll out a public test of an A.I. Guide to the Drawing Rooms , based on training texts by our own volunteer Research Group.

During the autumn of 2024 we were invited to assist the Blake Cottage Trust with the repair and improvement of Blake’s Cottage in Felpham, West Sussex, which is due to open to the public in 2027 to mark the 200th anniversary of William Blake’s death. In the spring of 2025, our prolonged support for the Skinners’ Hall refurbishment project in the City of London ended, with the completion of repairs.

and running costs. In addition to this, the Trust made use of funds secured by its trading company and income resulting from consultancy appointments focused on historic building analysis.

Financial review

The Statement of Financial Activities shows net expended resources of £3,218 (2024 - £12,537).

The charity has continued to fund a variety of projects and activities which accord with the stated objectives.

A large number of bookings were received for exhibition venue hire and for photography and videography location hire, producing a useful income stream for the trust. This is an area that we continue to actively promote.

Likewise, our expertise in historic building consultancy was also in demand and produced the majority of the trust’s income for this year. We continue to develop this area of our activities.

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

Reserves policy

It is the policy of the trustees to maintain unrestricted funds, at a sufficient level to maintain a positive cash bank balance at all times and to ensure the prudent day-to-day financial management of the charity. Unrestricted funds were maintained at this level throughout the year.

It is also the policy of the trustees to review, on an annual basis, the nature and level of funds set aside, and to ensure that strategies are in place to enable such funds to be able to meet their purpose on an ongoing basis.

Risk management policy

The trustees have examined the major strategic, business and operational risks that the charity faces and confirm that systems are in place for regular reports to be produced so that the necessary steps can be taken to minimise these risks.

THE BRUNSWICK TOWN CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Structure, governance and management

The charity is governed by its trust deed dated 3 June 1992 and is registered with the Charity Commission number 1012216. The charity has a wholly owned subsidiary, Adaptive Technologies Limited, which has a principal activity of development and maintenance of software.

The trustees who served during the year and up to the date of signature of the financial statements were: N Bingham (Resigned 30 November 2025) Ms S Gibbings C I Hill Cross Dr M E C Morgan (Appointed 12 November 2025) Dr S P Parissien (Appointed 15 December 2025)

Recruitment and appointment of trustees

Trustees are subject to statutory powers in relation to their appointment and retirement. They hold office for a period of three years and are eligible for re-appointment. The appointment or retirement of trustees is subject to the approval of Mr N Tyson (or the survivors of him).

The trustees' report was approved by the Board of Trustees.

.............................. Ms S Gibbings Trustee

7 March 2026 Date: .............................................

THE BRUNSWICK TOWN CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE BRUNSWICK TOWN CHARITABLE TRUST

I report to the trustees on my examination of the financial statements of The Brunswick Town Charitable Trust (the charity) for the year ended 30 June 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

David W Martin FCA TC Group

One Bell Lane Lewes East Sussex BN7 1JU

Dated: .........................11 March 2026

THE BRUNSWICK TOWN CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
2
7,852
-
Charitable activities
3
69,682
-
Total income
77,534
-
Expenditure on:
Raising funds
4
2,634
-
Charitable activities
5
78,118
-
Total resources expended
80,752
-
Net expenditure for the year/
Net movement in funds
(3,218)
-
Fund balances brought forward
86,488
250,000
Fund balances carried forward
83,270
250,000		 Total
2025
£
7,852
69,682
77,534
2,634
78,118
80,752
(3,218)
336,488
333,270		 Total
2024
£
3,122
59,378
62,500
656
74,381
75,037
(12,537)
349,025
336,488

The statement of financial activities includes all gains and losses recognised in the year.

THE BRUNSWICK TOWN CHARITABLE TRUST

BALANCE SHEET

AS AT 30 JUNE 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 10 318,167 318,800
Investments 11 100 100
318,267 318,900
Current assets
Debtors 12 14,460 16,570
Cash at bank and in hand 2,785 6,000
17,245 22,570
Creditors: amounts falling due within one 13
year (2,242) (4,982)
Net current assets 15,003 17,588
Total assets less current liabilities 333,270 336,488
The funds of the charity
Restricted income funds 14 250,000 250,000
Unrestricted funds 15 83,270 86,488
333,270 336,488

The financial statements were approved by the trustees on .........................07 March 2026

.............................. Ms S Gibbings Trustee

THE BRUNSWICK TOWN CHARITABLE TRUST

FOR THE YEAR ENDED 30 JUNE 2025

NOTES TO THE FINANCIAL STATEMENTS

1 Accounting policies

Charity information

The Brunswick Town Charitable Trust is an unincorporated charity governed by a trust deed dated 3 June 1992. The principal address is 13 Brunswick Square, Brighton, East Sussex BN3 1EH.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the charity for particular purposes. The cost of raising and administering these funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.3 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

THE BRUNSWICK TOWN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised when receivable.

Grant income is recognised where there is entitlement, certainty of receipt and the amount can be recognised with sufficient reliability.

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly be attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Support and governance costs are those costs that assist the work of the charity but do not directly represent charitable activities. These costs have been allocated to funds on a basis consistent with the use of the resources.

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Not depreciated Archive and artwork Not depreciated Computer equipment 33% straight line basis Fixtures, fittings and equipment 25% reducing balance basis Diana Joll Silhouette Collection Not depreciated

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Heritage assets are recognised on the balance sheet and initially measured at cost when purchased or if donated, their valuation. Assets are subsequently stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Fair values for donated assets are estimated by reference to market prices.

THE BRUNSWICK TOWN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.6 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

THE BRUNSWICK TOWN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

2 Donations and legacies

**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 2,952 3,122
Grants receivable 4,900 -
7,852 3,122
Grants receivable for core activities
Other 4,900 -
4,900 -
3 Charitable activities
2025 2024
£ £
Ancillary trading income 33,770 20,388
Consultancy 35,912 38,990
69,682 59,378
The above income all relates to unrestricted funds.

4 Raising funds

**Unrestricted ** Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Staging fundraising events 2,634 656
2,634 656

THE BRUNSWICK TOWN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

5 Expenditure on charitable activities

Direct Direct
charitable charitable
expenditure expenditure
2025 2024
£ £
Direct costs
Depreciation and impairment 633 780
Building work and maintenance 6,144 5,976
Travel 410 628
Volunteers' expenses 482 1,443
Consultants' fees 52,472 51,760
Computer costs 2,649 2,157
Printing, postage and stationery 682 400
Insurance 6,491 6,159
Establishment costs 3,977 (2,319)
Sundry expenses 1,351 2,094
Equipment purchases and repairs 637 442
Event costs - 2,425
75,928 71,945
Share of support and governance costs (see note 6)
Governance 2,190 2,436
78,118 74,381
Analysis by fund
Unrestricted funds 78,118 74,381
6 Support and governance costs allocated to activities
2025 2024
£ £
Governance costs 2,190 2,436
Analysed between:
Direct charitable expenditure 2,190 2,436

Governance costs include independent examination fees of £1,818 (2024 - £1,728)

THE BRUNSWICK TOWN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year.

8 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

9 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

THE BRUNSWICK TOWN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

10 Tangible fixed assets

Cost
At 1 July 2024
At 30 June 2025
Depreciation and impairment
At 1 July 2024
Depreciation charged in the year
At 30 June 2025
Carrying amount
At 30 June 2025
At 30 June 2024		 Land and
buildings
Archive and
artwork
£
£
49,217
17,431
49,217
17,431
-
-
-
-
-
-
49,217
17,431
49,217
17,431		 Computer
equipment
Fixtures, fittings
and equipment
£
£
7,230
9,640
7,230
9,640
6,850
7,868
190
443
7,040
8,311
190
1,329
380
1,772		 Diana Joll
Silhouette
Collection
£
250,000
250,000
-
-
-
250,000
250,000		 Total
£
333,518
333,518
14,718
633
15,351
318,167
318,800

THE BRUNSWICK TOWN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

11 Fixed asset investments

Unlisted
investments
£
Cost or valuation
At 1 July 2024 & 30 June 2025 100
Carrying amount
At 30 June 2025 100
At 30 June 2024 100

The investment represents 100% holding in Adaptive Technologies Limited, a wholly owned subsidiary with company registration number 03621786 registered in England and Wales.

12
Debtors
Amounts falling due within one year:
Amounts owed by subsidiary undertakings
Other debtors		 2025
£
10,645
3,815
14,460		 2024
£
8,617
7,953
16,570

13 Creditors: amounts falling due within one year

Other creditors
Accruals and deferred income		 2025
£
52
2,190
2,242		 2024
£
2,900
2,082
4,982

THE BRUNSWICK TOWN CHARITABLE TRUST

FOR THE YEAR ENDED 30 JUNE 2025

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

14 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Diana Joll Silhouette Collection Balance at
1 July 2024
£
250,000
250,000		 Incoming
resources
Balance at
30 June 2025
£
£
-
250,000
-
250,000		 Incoming
resources
Balance at
30 June 2025
£
£
-
250,000
-
250,000
250,000

Diana Joll Silhouette Collection

The collection has been donated to the trust. The value of this fund cannot be depleted below the Diana Joll Silhouette Collection asset value (included within fixed assets) unless the assets themselves are disposed from the charity.

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2024 Incoming Resources At 30 June
resources expended 2025
£ £ £ £
General funds 86,488 77,534 (80,752) 83,270
Previous year: At 1 July 2023 Incoming Resources At 30 June
resources expended 2024
£ £ £ £
General funds 99,025 62,500 (75,037) 86,488

THE BRUNSWICK TOWN CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

16 Analysis of net assets between funds

Unrestricted
funds
Restricted
funds
2025
2025
£
£
Fund balances at 30
June 2025 are
represented by:
Tangible assets
318,167
-
Investments
100
-
Current
assets/(liabilities)
15,003
-
333,270
-		 Total Unrestricted
funds
Restricted
funds
2025
2024
2024
£
£
£
318,167
318,800
-
100
100
-
15,003
17,588
-
333,270
336,488
-		 Total
2024
£
318,800
100
17,588
336,488

17 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).