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||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|||||||
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|||||||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|
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||||||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|
##
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##
|.|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||||||
##
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|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||
##
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##
|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||
##