2023-03-31-accounts

	Page
Legal and Administrative Information
Trustees' Annual Report	2 —16
Independent Auditors' Report	17-20
Statement ofFinancial Activities	21
Balance Sheet	22
Statement ofCash Flows	23
Notes to the Financial Statements	24-33

Trustees			P Murray
			LBristow
			N Tandavanitj
			RBeales
			C H Collard
			HJWalker
			D Emilianos
			BMoore
			LRodwell
Company		secretary	H JWalker
Charity number			1055584
Company		number	03185119
Principal	address and		40 Duke Street
Registered		Office	Brighton
			BN1 1AG
Senior staff			LWhitehead	—Fabrica			director
			SHoldgate —Finance			administrator
			C Hankinson	—Audience				development	manager
			EVenner —Commercial					manager
Statutory	Auditors		Clark Brownscombe			Limited
			Chartered Accountants				and Statutory		Auditors
			2 StAndrews	Place
			Lewes
			BN7 1UP
Bankers			CAF Bank
			25 Kings Hill
			West Mailing
			Kent
			ME194JQ
			Metro Bank
			One Southampton		Row
			London
			WC1B 5HA

						ACE
						Restricted
				Unrestricted	Restricted	Capital	Total
			Note	Funds	Funds	Grant	2023	2022
						5
INCOME FROM
Donations and legacies				209,058	84,660		293,718	336,459
Charitable activities
-Artistic programmes				12,410	42,824		55,234	43,292
Other trading activities				121,493			121,493	91,248
Rental income				10,637			10,637	4,287
Investment income				628			628
Total before Museum
and Galleries Tax Relief				354,226	127,484		4815710	475,286
Museums and Galleries		Tax Relief		~21538			~2153$	20 823
Total				~375764	~127484	-	~503248	496 109
EXPENDITURE ON
Raising funds				74,15$			74,158	58,669
Charitable activities				3~85582	~140469	~18851	~544902	470712
Total				~459 740	~140469	~18851	~6190 0	~52 381
Net movement in funds				(83,976)	(12,985)	(18,851)	(115,812)	(33,272)
RECONCILIATION		OF FUNDS
Total funds brought	forward			~212853	~21$32	339792	574 477	607 749
Total funds carried forward

	Note	2023		2022
FIXEDASSETS
Tangible fixed assets			329,713	350,243
CURRENT ASSETS
Debtors	12	64,256		50,549
Cash in hand and in bank		~209342		298 112
		273,598		348,661
CURRENT LIABILITIES
Creditors: amounts falling due within one year	13	~98506		74427
NET CURRENT ASSETS			~175092	274 234
TOTAL ASSETSLESS
CURRENT LIABILITIES			504,805	624,477
Creditors: amounts due after more than one year	14		~46 140	500 0
NET ASSETS
FUNDS
Unrestricted funds	19		128,877	212,583
Restricted funds	20		~29788	361 624
TOTAL FUNDS				~44

		Note	2023	2022
			f.
Net cash generated from	operations	15	(88,770)	1,970
Cash flows from investing	activities
Purchase oftangible fixed	assets			(3,644)
Cash flows from financing	activities
Capital repayments in year
Net (decrease)/increase in cash and cash equivalents			(88,770)	(1,674)
Cash and cash equivalents	at the beginning ofthe year		2~98 112	299 786
Cash and cash equivalents	at the end ofthe year
Cash and cash equivalents	consists of:
Cash at bank and in hand				~28 112

					Arts Council
					England
					Restricted	2022
			Unrestricted	Restricted	Capital Grant	Total
						6
INCOME FROM
Donation and legacies			306,445	30,014		336,459
Charitable activities
-Artistic programmes			17,268	26,024		43,292
Other trading activities			91,248			91,248
Rental income			~4287			4287
Total before Museum		and Galleries Tax
Relief			419,248	56,038		475,286
Museums and Galleries		Tax Relief	20 823			~20 823
Total			~440 071	~56 038		g6 109
EXPENDITURE
Raising funds			58)669			58,669
Charitable activities			3~85694	66 167	18851	~470 712
Total			444363	~66 167	~18851	529381
Net movement in funds			(4,292)	(10,129)	(18,851)	(33,272)
RECONCILIATION		OF FUNDS
Total funds brought	forward		~217 145	31961	~58643	607749
TOTAL FUNDS CARRIED FORWARD

3.	DONATIONS AND GRA	NTS
					2023	2022
					8
	Donations				13,174	14,733
	Grants:
	Arts Council England —Core grant				180,842	180,842
	Arts Council England —Cultural		Recovery Fund			62,157
	Heritage lottery fund —Past Present			Future	9,990	9,989
	Sussex Community Foundation					4,100
	Southdowns Community	Roots			22,322	18,345
	University ofSussex				6,000	3,000
	Film Hub North					1,680
	Kickstart				9,692	11,227
	Creative Europe - On the	Point Project				9,773
	Arnold Clark Community	Fund			1,000	1,000
	Chalk Cliffe Trust				5,000
	Brighton District Nurses				4,000
	Aberystwyth University	Internship			3,000
	Brighton and Hove City	Council	- Warm Welcome		350
	Hall and Woodhouse Community		grant		2&600
	Heritage Lottery Grant -	Swimming		aLong Way Together	35,748
	Government Grants					16,000
	JRSGrants					3613
						~64 9
4.	OTHER TRADING ACTIVITIES
					2023	2022
	Venue hire (including bar sales)				108,206	75,308
	Shop and Cafe Sales				13287	15940
5.	INCOME FROM CHARITABLE		ACTIVITIES
					2023	2022
	Artistic programmes				8	6
	Ticket sales and event income				20,563	7,319
	Sussex Community Foundation					6,708
	Brighton District Nurses	—Film Hub				6,453
	Outside In					5,000
	Brighton Lions Club					500
	Art is for Life Not Just For Christmas					1,312
	Chalk Cliff Trust					5,000
	Groundwork UK				1,125
	Brighton Soup				1,071
	Asda Foundation				1,250
	Independent Cinema Office				2,212
	Film Hub South East				3,412
	Film Hub Midlands				13,840
	Brighton Dome and Festival —partnership				~11761	11000
						~42

.	RAISING FUNDS
					2023	2022
	Cost ofvenue hire				52,693	37,699
	Cafe expenses				11,751	15,965
	Shop expenses				~9714	5 005 ~6
7.	CHARITABLE EXPENDITURE
					2023	2022
			Unrestricted	Restricted	Total	Total
	DIRECT COSTS				8
	Premises costs
	Rent		5,612		5,612	5,612
	Rates and water		2,447		2,447	1,600
	lnsurances		10,471		10,471	13,474
	Light and heat		~5479		~5479	5 862
			~24 009		~24 009	26 548
	Gallery costs
	Repairs and maintenance		4,107	1&770	5,877	7,922
	Salaries, artists curators'	fees and
	exhibition costs		~345595	~13859S	~484 193	402 101
			~349 702	~140368	~490 070	410023
	Other direct costs
	Printing, postage and stationery		2,210		2,210	2,029
	Telephone		1,341		1,341	1,163
	Training and development					4,576
	Depreciation		~1680	~18851	20531	20 531
			~5231	~18851	~24 0$2	28 299
			~378942	~159 19	538161	464 870
	SUPPORT COSTS
	Governance costs
	Auditors' remuneration		3,105		3,105	3,012
	Auditors' remuneration	for
	non-audit work		3,140		3,140	2,259
	Bank charges		334	101	435	223
	Trustees' meeting expenses		61		61	348
			~6640	101	~6741	5 842
	TOTAL					~47 12

Net incom	e/(expenditure)	is stated	after charging
				2023	2022
				8
Operating	lease rentals	—property		5,612	5,612
Auditors'	remuneration			3,105	3,012
Auditors'	remuneration	(non-audit	work)	3,140	2,259
Depreciation

The ag	gregate payroll costs in respect ofthese	employees were:-
		2023	2022
Wages	and salaries	253,550	222,508
Social	Security costs	17/57	13,895
Pension	Contributions	~4456	3 808
			2~4

TANGIBLE FIXEDASSETS
	Long	Computer
	Leasehold	Equipment	Total
		8
Cost
As at 1 April 2022	673,708	21,782	695,490
Additions
As at 31March 2023	~673708	2~1782	~695490
Depreciation
As at 1 April 2022 Charge for the year	325,894 ~19316	19+53 ~114	345,247 ~20 530
As at 31March 2023	3~45210	2~0567	~365777
Net Book Value
As at 31March 2023
As at 31March 2022			~350

12.	DEBTORS
											2023	2022I
	Trade debtors										42,718	20,823
	Other debtors										2~1538	29 726
												50 54
13.	CREDITORS:	AMOUNTS			FALLING			DUE	WITHIN
	ONE YEAR
											2023	2022
	Trade creditors										584	2,777
	VAT										5,904
	Other creditors										1,909
	Deferred income										78,414	61,200
	Accruals										~11695	10450
14.	CREDITORS:	AMOUNTS				FALLING		DUE	AFTER
	MORE THAN ONE			YEAR
											2023	2022
											8
	Loan
15.	RECONCILIATION			OF NET (DEFICIT)/SURPLUS						TO
	NKT CASH ONFLOW FROM					OPERATING ACTIVITIES
											2023	2022
											8
	Net (deficit)/surplus		for the year								(115,812)	(33,272)
	Depreciation										20,530	20,531
	(Increase)/decrease		in	debtors							(13,707)	20,798
	Increase/(decrease)		in	creditors							24,079	(6,087)
	(Decrease)/increase		in creditors		over one year						~3860
	Net inflow/(outflow)		from operating				activities

Balance	Income	Expenditure	Balance at
At IApril			31March
2022			2023

Unrestricted Funds
General Reserves

Balance	Income	Expenditure	Balance at
At I April			31March
2021			2022

Unrestricted Funds
General Reserves

RESTR	ICTED FUNDS
					Balance
		Balance	Income	Expenditure	at
		At IApril			31March
		2022			2023
		8
Arts Council England —Restricted
Capital grant		339,792		(18,851)	320,941
Various	—Men in Sheds	4,946	24,922	(26,361)	3,507
Heritage	Lottery Fund - SALWT		35,748	(35,748)
Heritage	Lottery Fund - PPF		9,990	(9,990)
Audience	Development	16,886	11,203	(24,064)	4,025
Brighton	Dome and Festival		11,761	(10)446)	1,315
Aberystvvyth University			3,000	(3)000)
Film —Various			24,860	(24,860)
Sussex University			~6000	~6000

RESTRICTED FUNDS (Prior Year)
					Balance
	Balance	Income		Expenditure	at
	At 1April				31March
	2021				2022
Arts Council England —Restricted
Capital grant	358,643			(18,851)	339,792
Various —Men in Sheds	4,270	18445		(17,669)	4,946
Film Hub SE		1,680		(1,680)
Heritage Lottery Fund - PPP	10,093			(10,093)
Audience Development	17,598	24,166		(24,878)	16,886
Brighton Dome and Festival Artist Resource		11,000 847		(11,000) ~84