2022-08-31-accounts - Brighton Fringe Ltd

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				Page
Report ofthe Trustees			I	to	6
Independent Examiner's	Report
Statement ofFinancial	Activittes
Balance Sheet			9	to	10
Cash Flow Statement
Notes to the Cash Flow	Statement			12
Notes to the Financial Statements			13	to	22
Detailed Statement ofFinancial		Activities	23	to	24

									Period
									1.1.21
								Year Ended	to
								31.8.22	31.8.21
						Unrestricted	Restricted	Total	Total
					Notes	funds f.	funds 2	fundsf	funds f
INCOME	AND	ENDOWMENTS		FROM
Donations	and legacies				3	286,4111	22352	308,762	216,257
Other chantable		activities			4	2]8,567		218,567	155,212
investment	income				5	43		43	6
Total						505,020	22,352	527372	371,475
EXPENDITURE ON
Raising funds					6	57,5S3		57,583	22,367
Charitable	activities
Promoting	Brighton Fringe					370393	22452	392,745	280,903
Total						427,976	22452	450428	303,270
NET INCOME						77,044		77,044	68.205
RECONCILIATION			OF FUNDS
Total funds	brought forward					9,229		9,229	(58,976)
TOTAI. FUNDS		CARRIED FORWARD				86.273		86,273	9,229

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	L	5	f.
FIXEDASSETS
intangible assets Tangible assets	14 15	13.965 ],600		13,965 1,600	694
		159565		15,565	694
CURRENT ASSETS
Debtors Cash at bank and in hand	16	50,243 90,883		50,243 90,883	14,550 116,995
		141,126		'I41,126	131,545
CREDITORS
Amounts falling due within one year	17	(41,242)		(41.242)	(83,735)
NET CURRENT ASSETS		99,S84		992)84	47,810
TOTAL ASSETSLESSCURRENT
LIARILilTIES		115,449		115,449	48.504
CREDITORS
Amounts falling due ager more than one year	18	(29,176)		(29,176)	(39.275)
NET ASSETS		86473		86473	9,229
FUNDS	20
Unrestncted funds				86,273	9,229
TOTAL FUNDS				S6,273	9,229

						Period
						1.1.2 I
					Year Fnded	to
					31.8.22	31.8.21
				Notes		6
Cash flows from operating		activities
Cash generated from operations					(496)	(41,346)
Net cash used m operating		activities			(496)	(41,346)
Cash flaws from investing		activities
Purchase ofintangible fixed assem Purchase oftangible fixed assets Interest received					(13,965) (1,694)	(350) 6
Net cash used in investing	activities				(15,616)	(344)
Cash flaws from financing		activities
Loan repayments in year					(10,000)	(824)
Net cash used in financing	activities				(10,000)	(824)
Change in cash and cash equivalents			in
the reporting period Cash and cash equivalents		at the			(26,112)	(42,514)
beginning ofthe reporting		period			116,995	159.509
Cash and cash equivalents		at the end	of
the reporting period					90,883	116,995

							Period
							1.1.21
							to
							3I.L2 1
Net ineonse	for the reporting			period (as per tbe Statement	ofFinancial
Activities) Adjustraents	for:					77,044	68,205
Depreciation	charges					788	886
Interest received Increase in debtors						(43) (35,693)	(6) (11,026)
Decrease in	creditors					(42,592)	(99,405)
Net cash used in operations						(496)	(41,346)
ANALYSIS	OF CHANGES			IN NET FVNDS
					At 1.9.21	Cash flow	At 31.8.22
Net cash
Cash at bank	and in hand				116,995	(26,112)	903183
					116,995	(26,112)	904183
Debt
Debts falling	due within		I year		(9,901)	(99)	(10,000)
Debts falling	dne aller	I	year		(39,275)	10.099	(29,176)
					(49,176)	10,000	(39,176)
Total					67,819	(16,]12)	51,707

								Period
								1.1.2 I
							Year Ended	ta
							31.8.22	31.8.21
Donations							26W6	11,65$
Grants							266,570	193,480
Subscriptions							I5456	11,119
							30$,762	216,257
Grants received,		included			in the above. are as follows:
								Period
								1.1.21
							Year Ended
							31.8.22	31.$.21
								6
Coast To Capital								23,840
Coronavirus	Job	Retention			Scheme			6,277
Arts Council	England						11$,518	100,724
Brighton dt	Hove	City		Council			20,000	15,039
The Pebble	Trust						112,500	37,500
The Chalk Ciig'Trust							3,000	5,000
Sussex Community			Foundation					5,100
The Fitton Trust							200
Fonda Podiumkunsten				Performing		Arts Fund	6353
Embassy of	the Kmgdam				ofthe Netherlands		6,099
							266,570	193,480

4,	OTHER	C
					Pertod
					I.I.2 1
				Veer Ended	to
				31.8.22	3l.g.21
					6
	Spansorships Advertising income Registration income Commission received Other income			22,074 22,068 71,287 83,881 I9457	3,750 26,887 60,403 62,036 2,136
				218,567	155,212
5.	INVKST1VIENT INCOME
					Penod
					1.1.2 1
				Year Ended	ta
				31.8.22	31.$.2i
					6
	Deposit account interest			43	6
6.	RAISING	FUNDS
	Raising funds
					Period
					1.1.21
				Year Enrted	to
				31.8.22	3l.g.2I
				8
	Ststfcosts			57,583	22,367
7.	CHARITABLE ACTIVITIES COSTS
			Direct	Suppon
			Costs (sce	coals (sce
			note 8)	nate 9)	Totals
					I
	Promoting	Brighton Fringe	386,449	6396	392,745

DIRECT		C	OSTS OF	CHARITABLE ACTIVITIES
							Period
							I.i.21
						Year Ended	to
						31,8.22 f	31.8.21 f
Staffcosts						201,469	160,899
Rent. rates		and water				7,200	4,800
Insurance						7,445	4,134
Contractors						2,100	6,144
Telephone						833	699
Postage and			stationery			416	554
Advertising						72,673	65,997
Sundries						1,151	930
IT ds Systems Admin						3490	937
Fringe City		production				28,938	12,191
Human Resources						3,947	2,601
BoxOAice		System Licences				12,108	988
Merchant	Service Charges					17,930	11.410
Art Industry			Costs			5,126	896
Software						733	833
Storage						936	584
Operations						9,147
Dutch Season						10,119
Depreciation						788	886
						386,449	275,483
SUPPORT			COSTS
						Governance
					Finance	costs	Totals
Promoting		Brighton Fringe			1,796	4,500	6396
Support costs, included				in the above, are as followst
Finance
							Period
							1.1.21
						Year Ended	to
						31,8,22	31.8.21
						Promoting
						Brighton	Total
						Fringe	activities
Bank charges						680	920
Loan interest						1,116
						1,796	920

	Period
	1.1.21
Year Ended	to
31.8.22	31.8.21
Pl'emoting
Brighton	Total
Fdinge	activities
	6
4,500	4,500

				Period
				1.1.21
			Year Eaded	to
			31.8.22	31.8.21
			8	8
Depreciation	- owned assets		788	886
Independent	examination	fee	4,500	4,500

STAF	F COSTS
			Period
			1.1.21
		Year Ended	to
		31.8.22	31.8.21
Wages	and salaries	239&092	170,580
Social	security costs	14,786	9,694
Other	pension costs	5)174	2,992
		259,052	183,266

			Period
			1.1.21
		Year Ended	to
		31.8.22	31 8.21
Promotion afCharitable	Activity	8	ll
Fund Raising		4	2
		12	13

		Unrestricted	Restricted	Total
		funds	funds f	fundsf
INCOME AND E1VDOWMENTS FROM
Donations and legacies		192,417	23,840	216,257
Other charitable activities		155,212		155,212
Investment income		6		6
Total		347,635	23,840	371,475
EXPENDITURE ON
Raising funds		22,367		22,367
Charitable activities
Promoting Brighton Fringe		257,063	23,840	280,903
Tots)		279,430	23,840	303,270
NET INCOME		68,205		68,205
RECONCILIATION	OF FUNDS
Total funds braught forward		(58.9761		(58,976)
TOTAL FUNDS CARRIED FORWARD		9,229		9,229

INTANGIBLE FIXEDASSETS
	Computer
	sotbvarc
	5
COST
Additions	13,965
NET BOOK YALtIE
At 31 August 2022	13)96(
At 31 August 2021

15.	TANGIBLE	FIXEDASSETS
			Plant snd	Computer
			machinery	equipment	Totals
	COST
	At I September 2021		6,226	10,796	17,022
	Additions			1,694	1,694
	At 31 August	2022	6,226	12,490	18,716
	DEPRECIATION
	At 1 September 2021		6,226	10,102	I6328
	Charge for year			788	788
	At 31 August	2022	6,226	10,890	17.116
	NET BOOK	VALVE
	At 31 August	2022		1,600	1,600
	At 31 August	2021		694	694
16.	DEBTORS:	AhIOVNTS FALLING DL'E WITHIN ONE YEAR
				2022	2021
					6
	Trade debtors			5,816	647
	Other debtors			2,533
	Loans			30,000
	VAT Prepayments	and accrued income		212 11,682	4,257 9,646
				50443	14,550

						2022	2021
Bank loans and overdratts	(see note 19)					10,000	9,901
Trade creditors						1,520	8,822
Somal security snd other taxes						2,209	958
Other creditors						148	37
Accruals and deferred income						21,965	46,190
Accrued expenses						5,400	17,827
						41,242	83,735
Deferred income comprises ta the Covid-19 outbreak.		customer credits and vauchers			for redemption	related to cancelled	performances due
Balance as at 1 September	2021						46,190
Amount released to income		earned from charitable		activities			(24,225)
Amount deferred in year							0
Balance as at 31 August 2022							21,965
CREDITORS: AMOUNTS			FALLING DUE AFTER MORE THAN			ONE YEAR
						2022	2021
Bank loans(see note 19)						29,]76	39,275
LOANS
An analysis ofthe maturity	ofloans is given below:
						2022	2021
Amounts falhng due within	one year on demand:
Bank loans						10,000	9,901
Amounts falling between one			and two years
Bank loans - 1-2years						10,000	9,901
Amounts falling due between			two and five years:
Bank loans - 2-5 years						19,176	28,877
Amounts falling due in more		than five years:
Repayable by instalments:
Bank loans more 5 yr by instal							497

MOVEMEN	T IN FU	NDS
						Net
						movement	At
					At 1.9.21	In funds	31.8.ZZ
					f
Unrestricted	funds
General fund					9,229	77,044	86,273
TGTAI. FUNDS					9,229	77,044	86473
Net movement	in funds, included			in the above are as follows.
					Incoming	Resources	Movement
					resources	expended f	in funds f
Unrestricted	funds
General fund					505,020	(427,976)	77,044
Restricted funds
Fonda Podiumkunsten		Performing		Arts
Fund NL Embassy ofthe Kingdom ofthe						(6,253)
Netherlands 13rightan 4.Hove City		Council			6,099 10,000	(6,099) (10,000)
					22352	(22352)
TOTAL FUNDS					527+72	(450328)	77,044
Comparatives	for movement		iu	funds
						Net
						mavement	At
					At 1.1.21	in funds	31 8.21
					E	f	E
Unrestricted	funds
General fund					(58,976)	68,205	9,229
TOTAL FUNDS					(58,976)	68,205	9.229

	Incoming	Resources	Movement
	resources	expended	in funds
	E	E
Unrestricted funds
General fund	347,635	(279,430)	68,205
Restricted fends
Coast To Capital	23.840	(23,840)
TOTAL FUNDS	37(,475	(303,270)	68,205

Detailed St men pin cist Activities For The Year Ended 31Au ust 2022
		Period
		1.1.2 I
	Year Ended	to
	31.8.22	31.8.21
		3
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants	26,836	11.65$
Suhscriptions	266,570 15456	193,4BO 11.119
	308,762	216,257
Other charitable activities
Sponsorships Advertising income Registration income Commission received Other income	22,074 22,068 71387 83,881	3,750 26,8$7 60,403 62,036
	19,257	2,136
	2]8,567	155,212
investment income
Deposit account interest
Total incoming resources	527372	371,475
EXPENDITURE
Raising funds
Wages Social security	53,432 4,151	20,566 1,801
	57,583	22,367
Charitable nativities
Wages Social security Pensions	185,660 10,635	150,014 7,$93
Rent, rates and water Insurance Contractors	5,174 7,200 7,445	2,992 4,800 4,134
Telephone Postage and stationery Advertising Sundries	2,100 833 416 72,673	6,144 699 554 65,997
IT )fc Systems Admin Fringe City production Human Resources Carried forward	1)151 3490 28,938 3,947 329,562	930 937 12,191 2,601 259,$86

Por The Veer	Kn d 3	1 Au us 211
				Period
				1.1.21
			Year Ended	to
			31.8.22	31.8.21
				f
Charitable activities
Brought forward BoxOAice System Licences Merchant Service Charges Software			329,562 12&108 17,938	259,886 988 11,410
Art Industry Costs			5,126	896
			733	833
Storage			936	584
Operations Dutch Season Depreciation oftangible		fixed assets	9,147 ]0,119 788	886
			386,449	275,483
Support costs
Finance
Bank charges			680	920
Loan interest			1,116
			1,796	920
Governance	costs
Accountancy	and legal	0:es	4,500	4,500
Total resources	expended		450428	303,270
Net income			77,044	68,205