Registered number. 05578256 Charity number: 1116367 BRIGHTON FRINGE LTD (A company limited by guarantee) UNAUDrrED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
BRIGHTON FRINGE IA company limited by guarantee) CONTENTS Page Reference and administrative details of the Company. Its and advisers Trusteès. rèport IndendnI examlTrerfs report Stat•mgnt of financial activltlo$ 10- 11 12 Balance sheet 13-14 Notes to the financial statem 15-28
BRIGFffON FRINGE IA wnpany limit by guarnnt¢el REFERENCE AND ADMINISTRATIVE DEfAILS OF THE COMPANY, s TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Truslees J L Botsrxxl I P Brown S L Oavies H M Gould D Lusti*Prean. Chair A E MacGregy L ApbY laprKMnted 1 Odober 2024) A L Kw)gh Company reglslered number 05578256 Chaiity registered number 1116367 Ragistered office Office 4 The Old Cwrt House 118 Church Street Brighton BN1 1UD Accountants LarkiThJ GOen LLP Chartered A(wuntants 1 ClaY¢j Busntss Park Gmt Blaenham Iwich IP6 ONL Page 1
BRIGHTON FRINGE {A company limited by guarnnteel TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Th& trustees are aL80 directors of the chanty for the purposes of the Companies Act 2(Th. present their report with the financial statements of the charity for the year ended 31 August 2025. The IrLI51ees have adopted the [105 of Accounting aFKI RepKJrting by Chanties.. Statement of Recommended Practice apFAicable to charities preparing their accounts in ar£ordae with the FIrn(la[ Retxyling Standard applicable in the UK atmj RepU1C of IrelarKI IFRS 102) (effectrie 1 JarwJary 20191. OBJECTIVES AND AIMS The charitable objectives of Brighton Frinp Ltd a for the benefit of the public in Brighton. Hove and the surrwnding areas by the adVancemw of edUti( in the arts of music. speech. drama. viwal arts and dan in all their branches. The alm of Brighton Fringe Ltd is to be a ratatyst for rxealivty arxj a nationally arml intemationally acclaimed open-access arts fesiival aThJ year-round profeonal resource, thal stimulates. gducates ano brings artists and audienc together. This Trustees Rewrt demonstrates the public benefrt offered by Brigmon Frire Ltd through the deSPtion of our activities during the 20242025 Financi Year. STRATEGIC REPORT A¢hievem•nt and perf0mn¢• Charltsble activities The Board of Trustees are c(xKsaoJs of Iheir resrA)nsitslities aThJ review the Charitys objectives and activities on an annual ba&s lo enwre they c¢Mtinue lo respect the core aims. rd meetirrfj deusions are always consrdered against thos8 obJ"ectiv8s and activits"es. In carrying cMJt this revi. the Board of Trustges havo considgrgd the Charity Commission's general guidance wblic LwnefiL The overarching goal for the Board of Truslees contin1 to focus on the loThJ-lemi financial sustainability of the Charity to ensure the orgallisab.cffl is in a ption lo further devek)p the services provided lo the aStIC community and enatle the invcAvement aTrJ parb"ripabon of the thryder wtrAic in the arts. Trustee Recrultment and Training Trustees are scwht arKI recnjited based w the sknll set tw can tffiry to ts nIsatiOn. At Ihe initial meeting with the thair the Trustees are encwraged to make U of the Charity CommiOn'S Five MinLrte Guides and a advised of the declarations ttw must make and the need to dedare conflicts of interest. Al new Trustees are required lo urKlergo 'Ontrjard1rj': meetiThJ arKI spending time vthh all staff with a particular focus on the areas in vknich they have expertise. Trustees are encc¥JrasvI lo vist the office individually mollthly to speThl an hcwr catthing up with the staff team arKI those DrkFng in their area of expertise. Annual staff and trustee 8YdaYS give the cf¢K¥tunty for further IrainiNJ and olaltiOn. TnJsts' experience is broad and indiKles senirx management arxl leadership in the perfomir¥J arts. senior marketing speuali5ts. a chartered aCnIan1 in commercial business. a business leader in hospitality arKI extemal events, a fomier headteacher. a performing arts prcgrammer. a fomer CEO in Ihe charity sector and a prTrJucerlpwf0eT in ts arts. The Board agreed to the rW 5t of VI Chair. This will not thy Kmide a deputy in the absence of the chair but wll also enable an aspiring chair to gain experience and in%ghl into the charity prior to the a&%umption of Ihe chair's role. inclu¢Jing as a member ol the Exeojtive Committee. It is inter¥JgJ to invite nominations for the knnual General MeetirvJ in December 2025. Page 2
BRIGHTON FRINGE {A company limited by guarantee) TRUSTEES. REPORT (COPINuED) FOR THE YEAR ENDED 31 AUGUST 2025 The Chair wrthes to thank the Iee5 for 1r proacttve in sutpjt of the delivery of Brighton Fringe 2025" our 20th anniversary. In addition to the Trustees. three Boartj observ8rs wewesen¢ the Vie of the artist community one observer represents Venues. These are rthvoting [tIr. elect by their (zStitUenIs. vkKJ ensure that the Board hear the views of our pwtners. The rglatlonship b¢tweon Chair and the Managing Director In the previ(xJs a(nIS W reIed the c4Jnfimialiffi of the aFwintment of a managiTrJ director inlemally and th• alIts0n of the rule of CEO. The thair had temrKxarily assumed the CEO vvle ur)paid for several month$. The chair has continLd lo wtmraw frcrfn day-t(Fday operations as Ihe new Managing Oireclor develops into the role. This has resulied in dear lir belEen owab.onal aThl strategic and has strengthened govemance. Meeting our charitable obioctiv•s In 2025 Brighton Fringe Ltd deliverej the fOll1j xivities to meet the public benefts outlin&J in the oryanisation's Ltharitable obi8(ai¥es: 2025 Festival Brighton Fringe 2025 trx)k lace beteen 2 May arml 1 June 2025 With 807 events. more than 2,4CN) performances in 173 venues. pre(kThinanliy in pers and th a few virtual. We re ddighted to be able to bring back a brcthure for the first time since 2019. sgnificant invethent was spong)red by ubeats. The retUTn of the brithure vras hugdy ed by our aimlie. artists arHI venues alike. It had 8 maiked impact uwn ts.cket sales. Despite difficulties firIng w$hip for the rExl frirNJe. rl 15 (xJnslde an essential expenditure for the benefit of audierKes aTrJ artists and thryll abs)rb the cost. 77,733 tickets were via the Bri1 FriThJe Lw offitx arKI an overyal 74proximatad ticketed atterKlance of ovar 90,(M)O. 8ursaries and Awards Brighton Fringè Ltd wrtinu8s to devel(y arnj expand a rarye of KsaneS offered to loLzl, nation81, and international companies in 2025. enaAing V•id8r partiupation in arts. IndlIng mentoring. marketing and finanryal WPFW)rt. The list of 28 buTsari8s. vthh provided by t1r$s, orgaThsations arKI indivKJual {wilh le giving multiple bursaries}'. Aiden Bex Applause Rurdl Touring Bird and Blend Tea Co Future Creators I Coastsl Catafyst Gold Arts JevllerS Jenni Lewn-Tumer Katie ReddinQar Luke ROllan Pebble Trust N¢d( Coppin Duncan Lustig-Prean South East Dance Spark Arts Markèting and Project Managemènt Page 3
BRIGHTON FRINGE IA company limited by guarantso) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 AUGUST 2025 In addib"on. awarded 8 Staff aTrJ 5 event bursaries for LGBTQ+ Family. Cabaret & Variety. Comedy, Musical Theatre, Mentsl Health. Global Majority arKJ those with a disatmlity. Brighton Fringe also offered 10 bursaries venues taking pwt in the fesb.va to support vthth thèir marketing. A total of 14 awards wre presented at (wjr Avrards Ceremony to Sukwt winniThJ artists further profile and develop their careers. The list of awants induded: Brigmon FrirvJe Exhibitions Avrdrd in Asswation with Artists Open H(MJses, Mid Street Lab Cc4nmunity Awarf. The Nevrnan Th(SC Dwn and Print Award, SupaJam Education Outstanding NeurcJiver5e Perfomance Award. The Brighton Fringe Family-FrieNlly Award in Association with Brighton Girls. Most Outstandiry Dance Work by South East Dance. The Spirit ol the Fringe Awdrd Sponsored by Theatre Royal Brighton. FringeReview OutstarKlillg Theatre Avmrd, Famham Mallings Emerging Artist or C(wnpany Award. PetJle Trust Outgoing Touring Avrard. Best Nv•V Show sponsor1 by Holel 124. Audience Chobce B8St Small Venue. Audienr Chcice Besl Venue. Allence chol Best Shchv. The total finantial contribubons lo artists IhrcvJh a¥grts and vrds £14044.49 Fringè Academy 2025 The Fringe A&my was run by Brigmon Fri Ltd throLvJh)ut Ihe y, including duriThJ the Bfighton Fringe. in collaboration with profeswonal Organisati9. tluding, Equrty. Chichester Fesiival Theatre. Famham Maltings. aThJ Apr4ause Rural Twring offering signrficant arbst benefit. Free to allend. the vthshops provid practical infom)alion. guidance aThY nerkIng opp)rtunities to anyone interested in leaming and developing a career in the arts. Topic3 included My First Fringe. PrcJuaThJ Indyrmyent Theatre. Equity 101, Lrfe after Fringe and Rural Touring. S events were hekl in 2025 with apFWOX. 90 recple attending overall. Most Fringe Acadeffly events tty)k rAace thine ar¥J remain cne y) that artists have year - rouThJ acLess lo training aTrJ deveknwnent material. We built ptnerShipS wilh a mulkn.lude of ¢)rganisations arxl training estsblishments in preparation for the expansion of our Fringe AGademy. It 13 our desre to offer a number of bursaries to support the Iraining of artists. direGtorFJproducers. prarammerS aThJ technical trades. It is regretlable that V wre unab18 to 58curo AJIS Council England furKJiThJ (x fiThJ a sp)nyy lx an0tr trust to Ihis impcnt activity. We wll conb.nue lo seek finanaal slJPWt in the nexl Iinancial year. Partnerships Nbpre built wth Brighton Fesb"val. MarltM)rough Productions and Produter Gathering vthich enablèd us to hold 'The Juncts"on' at the Com ExcharKJe. This all4day nets%Y)rking event for artists supported by leading industry figures vrds very recetved. We IKpe to reEEat it in 2026 and are ateful to Arts CourKil England for their generi)us fundirKJ. Genornl Advlce and Support Brighton Fringe Ltd wovided year-rourKI one-twne advice and support, helping arthsts and audiences to engage wth the arts. Through<yJt the year. monthly irb-Ferson rneetiThJs Ere held wtr¢ venue operators and offered a valuatrAe E4atlonn for arts SInesSeS to rthK¥k ar¥J Sha &JV1 arvj SUPFQrt. These meetings allow access online to maximize atterKlarKX of (xsr pathe The chair and tnjstees Vigt many venues duri frin arvj oulside of fringe seayjn improving and maintaining relationships with partners. Vve recognise that many venues struggle in Ihe currefil dimate and are pleased that. for mary. Bright Frin is a lifeline. Strengthening Rules for Venues and Progr¥nm&r5 This year Bnghton Fnrye has taken a StrOr SnCe ilh venue mwrs aThl prryrdmm5 (Kxwjuct and delivery for their arb'sts. We t(K¥k the decision to MOve prcgrammers from our aFproved list, and we strerwjlhened our PKAi(ies further to pr1 the interests of artist& We also enhaEd (Njr vists and checks on venues and, in parncular, ne4V venues or pr(wJrammers operating multi-venues. Page 4
BRIGHTON FRINGE (A company limit•d by guarantee) TRUSTEES. REPORT {copifiNUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Perfomiances outside of Fringe Season FL41oing swxs of our seawn perfLYmances. triaied in the previous year. In3$ed our number of Ferfomiances from several art]"sts in venues ar(NJrKI the cjty in order to give paid lo artists, keep Fringe aWarer in the public mind and to inlroJu(ing audienrss to the Fringe. The shows were produced and run in a number of venues by Fringe aff arml again proved FM)pular and su¢xesslul. We wll further exp?1 'off.seas4Jn' next year. Box Olfice A range of LK>X Offi opti we m a¥ailatAg in 2025. iThJIng in 1& arKI on the plne. This enabled all versues aThJ parbopants to sell tickets for tr"r events aTrJ rxeated OFWtunilies for Brighton Fringe Ltd to engage direcuy V•ith the public, increase arxl advano ts.cket salos the fesb"val. Best day sal&s records W8 are grateful to the Theatre Royal Brighton for Krniding the flIllI@S to host our Box Office this year. Thus proved a popular ntral arKI acC4e ste for our audienrx aThJ f¢x)ffall was improved uwn previcmjs years. The overwhelming majority of tiLet saS remain online. We re¢(Jnise the impcmtsnce for Ihe digitslly exctuded to have an inywn b.cket office faciltty arKI the abilty to talk lo offio stsff on the telephe. Despite the &gnifirxnt cost of affing trw"s IIrtY ¥•ill be c¥)ntirnd. We lo Ix)Ilocate our box Offi wth one of the extemat venues nexl year. Intematlonal Fringe F8Stlval Relatlonshlps Acts from Australia. the USA and from Europe are re9ar attendges. A CcesSl Non7)andy Season was held over C ¥ke at Brighton 1360. This partnership proved highly successful and hcpe to repeal in 2026. Artists from 37 ccvilries [e invckned in this yearfs Bright(¥n frirue. Financial restrictions curtailed our reFe$ttl at any Frin abrtsl. W& th) rv)t intend to undertake fo1g travel for the foreseeaLle future. Thanks to the generty of Pewe Trust. tre a4e to send some staff to EdintNJTgh Fringe covering three staff weeks therE. Ttr Chair self-furhded his visit. This wotled us to juoge and rKesent the Brighton Fringe Aard arKI to srA)ut for potents.al acts for the 2026 festival WTth several first-cla&s acts encouraged to join us next year. Three bursaries Vre also awarded trj strong acts in Edinbwgh for Brig Fringe 2. Supporters The Board of Trustees thank all the a.$15, pr(MJucers arKI veryjes took in Bnghton Frin 2025. They also extend thanks lo all Friends aThY alenc dcmated their ticket mmies to either Brighton fringe Ltd or the participats'ng o)mpanies and lo aN vhKJ atteTrYed events in person and online. The arts in Ihg Uniw Ki1v>ln are in a very Fvilcw FM)sition, *ith dosng al companies failing. The Board of Trnstees are grateful to all those 7kn SUFWI us. io all our stakeholders and thank them for SUPFKJth'ng the arts at this critical ts"me. Page 5
BRIGHTON FRINGE {A company Ilmited by guarantee) TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Patrons: Mary Allen Richard Jwdan And wr sUprterS, sp)ngys and partneis". Famham Maltings Chichester Festival Theatre Edinburgh Fringe Laine Pub Co Wagamama Royal Pavillion and Museums TNst Number Studio IronyrkS Studio Bird and Blend Newman Thomson Chalk Cliff trust Pebble Trust uter Eats Kaos Projects Revel Puck NormaThJy Tourist Board Vi&t Brighton Encore Insure Ledward Centre Artist Open Houses Brighton Festival Mid Stwl Lab Uber Eats No 124 BIMM Artist Open Houses SupaJam Eventotron Restaurants Brighton Brighton Feslival Martborough Productions Producer Gathering Clock ToVr Sanctuary All that Bex Perfonnance Summary Audience levels and d[el sales in(xea¥ed ggntficanlly this year. The *aff team is still reduced by since the Covid-19 pandemic and has also taken on a<klikn"onal VIrk. The Board of Trustees bbt)uld like to pay tribute lo Ihe stafl for Iheir pasgon, enIhUn. hard and u)mmitment. The Board recthjnises the pressure placed upon our loya staff team. The Board r8c(YJnises thal lack of staff is hiThyj the areas of development and fundraisng. Hopes to apFK)int a new part-time rde in develwment unfulfilled wth the lo of a major sponsor vtho is sIng their office presence in the oty. The Board will make every effort lo fill Ihb5 fuThJing gap arml appoint Ihis Tole as soon as posgble. Page 6
BRIGHTON FRINGE
(A omnpany Ilmited by guaranlee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Throughout 2024r25 Brighton Fringe Ltd made a strong contribution to Ihe ath"stie. gxial and educational
Ilbeing, ecwmy and repwtslion of the oty. We f(xused on groups normally exduded from the arts or
unable to afford perfornan. The number of disa(fvantaged people attending fe and paid events fell again
this year through a lack of S70TSh1p. Our charity partnership wth the Clock T0Er Sarthary, which ca$ for
homeless young re. benefited via a donc from our Board, free tid(ets for Brighton Fringe, allowing
young homeless people lo ¢h¢N)se wforTnatW arKI obtain tickets free of charge.
Brighton Fringe Lld provid a key pktfLYm for perfomiers at all stages of develoFxnent to shov•rase their work
in a CAty with a unique heritage that ha5 the Pa lor diversity. (Xeativty and inrK)vative thinknng.
The Board of Trustees l(M)k fmrd to futhr meeting wr public benefit ofy"tIves, to develop rvICeS for tho
artisb'c community and to building services and lo engage audiènces and widen their involvement in the
arts th an expansi(m in pwf¢)rmartr rmxytunfrti.es and Aodemy activities plamed in the next year.
Our revised registrati fee scheme rThidtrJ Iov•pf rx)Sts for many artists. Our affdable payment scheme for
the low or Ufwdged artist had limited take up. We idenb.fied me alyJse of the re4V registration syslem by a
vory few programmers and artists. This h1 gjme (£)st to Bnghton Fringe. These '1(K)pIeS. have been closed
for the next seagjn. Discounts for earty registration and for exlemal venues re examined and considered
over-generc¥Js and redLwI by 5%.
Review of flnancial poslbon
The Board of Trustees conbnu&l Iheir fiA)Js on exrenditure L7Jntrd aTrY rVery of eashfiow. but the strict
management of the previous year all(Y+%Ed in(xeases in the marketing budget and the retum of the brochure.
The rA)ntinued abs of 8 Wline aNI IPE gap left by the temmry absen of a major grant giver
meant that a loss in this financr ye¥ vas inev1e. This re(nised ty the Board at the stsrt of the
finanixal year.
SponsOh1P has imprOvJ. but iMJs1%es are demanding inueas8d valu8 t1r investment.
increases the cost of delivery for S$Ors. Trnst fuThling is drfficult and highly competitsve Mth many suitable
trusts and foUndatiC5 paying (xrt or dosed.
The local authority cne$ to give no financial Su. Delays in the dSIcmaj pYrKe&s for the siting
of exlemal venues by the city counc. tc¥Jether with a lack of sp&e during the redevelopment of one major site,
deterrèd at least exlemal venues from 1nv0fvemt. This hay a very signrficani impact on our income. The
need for planning u)nseni for all extemal venues. folloi¥wJ a recent High Court judgement. will cause delays
again in 2026. Commercial operators need early dea.sons rf they are to invest in the (aty to Ihis gnificant
extent. The (ity coun(il nls to eXlIe its deusicmaking PrESseS in ler for thè Fringe, which brings so
much income to the city. to survive.
Inflation has a %gnifi
BRIGHTON FRINGE (A company limited by guarantse) TRUSTEES. REPORT (CONTINUED> FOR THE YEAR ENDED 31 AUGUST 2025 R•ser¥es Poli¢y and Loan Repayment The policy to achieve unrestn.cted cash reserves to the level of 8t least Ihree months, ortiOnal expenses was not aChievae in 2024125 and Ihe Board anticipaled this in thehr financial annINj for the year. Their priority was to put the charity bth c an even finanual ked. The Board of TTUStees remain committed to building rr¥eS bthen and a Flan is in fLff Y UnantiupaI unrestriLted funds to go into reseeS and to repay Ihe CoronavinJ5 Business IntemJption Loan. The inter-company loan to Brighton Fringe Operations Ltd is gradually being Paid from the ire generated by thai O)mpany and is likely to be fully repaid within the next 18 months. The Trustees. FAan is on course deliver loan repayment in the financial year 26127 and lo cnmplete the r&bw"Iding of reSe8S wsthin iwo yews thwfter. Relatlonshlp with Brighton Frlnge Operations Lld Brighton Friroe creat¢d this Limited Ccmmwy Vthryth directors. the last CEO Julian Caddy and fomier Chair James Arnell in (wder to organise 8 separately funded potwp venue during the Frirrfje Season. Thi5 shielded the charity from financial risk of the venlufe aThJ prevented eonfiict with our charitable duties. Both (Jirectors have retired and DuncAn Luslig-Pre3n is th'reclor. The ¢panY w opwates urthr tender Jubilee Square. a commercial. )MMUnity aryl arb"5bc %te adIa(t to our office. The profrts from this cxjmpany are donated to Brighton Fringe. A £30,(KK) iniercompany loan was made to Bnghton Fiinge Operations for ShOW purposes during the festival in 2023 %thich Vlill t repaid vthin five years. This is a longer repayment period than originally planned and reflecls the reduced inc(Mme frcn Jubilee Square ber2use of intense aggfessive (x)mpetition from Brighton aThJ Hove Cwncil stes wtho are fflaeting in cThnpetition. The balance of the loan outstanding is uJffenliy £16.103 This ill be repaNJ vAthin the year> Going concem The executive LX)mmittee and tts vrider b03rd of trust80s have considered the going concem position of the chatity and robuly Icthd at the cash pKxition. Tr trustees are satssfied that Bftghlon Fringe is secure for the next financial year. The charity currently has furnls availalAe to erwre that 2026 Fringe Festival can be Mplete wlhout further Gash injections armj the 0)mtron of this fesb.val is not in dwbt. The lean wmmer months for incLYne are secured ¥hith firm 7hTittw c(*nmilments of a core fuThlbng grant from a trusl. Management of finan aThJ risk is delegated to the Executive Ccfflmittee. comprising the Chair. Managing Director. our rITTran Trustee, lan FCCA, afKI our professional accountants, Number5 Sludio. This structure ctinueS to prove effecb"ve. and both the committee and the wider twstee b(NJy are confident wth the management of the difficult finant?al Flti( all arts wisatiorts and are 0)nVin that Bnghton Fringe remains a going concem. Page 8
BRIGlffON FRINGE (A company limfted ty guaranteo) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 STRUCTURE, GOVERPIANCE AND MANAGEMENT Govgming do¢um•nt The tharitys goveming thM)Jment is the Mernorthm aThJ ArtKlÈs of Associats"on dated 26 September 2005. Rg¢rultment and appointment of new trusteos In accordance wth the CoKnpanls Arb"des of Aw#iation ortrthird of the Bo¥d of Trustees have served the longest retired at the March AGM. It that Dun Lu5bg-Prean and lan Bro should be reapp(xnled. DuntrAn LustigPrean was rfreIect Choir of the Bcerd of Te$. The Exe(xrtive Committee Wds reinslaled comprising the Chair. Managing Direc a1 lan Bron a Trustee army a{rjntsnt. The Directors agreed to the appointment of the Managifig DirectrK as comp sry. Organisational structure The Board of Trustees administer5 the Charity aTrY IEld five Board meets.ros in the 202412025 Finanaal Year, providing strategic guidan and operab.onal supp. There Wds no uirement for an emergency meeting. The Executive Ccxnmittee meets montNy revieing Ri and finar. Key managam•nt rgmuneraiion The key manafftent peTg)nnet of the (tsrity c(xnprise the tvustees. the Mawing Director, Artist and Venues Servicas Manager. Operabons Manager (formally Finan arnl offi Administralorl and Box offi Manager. None of the truees rewve any renUmeI0 for th&r Tole as charity trustees. The lolal amount of remuneration recer¥ed by kgy managemgnt p8r50nnel for Ihair swvices to the chan'ty was £80.210. Risk management The Charity h8s a c(¥nlns[Ve risk strdtegy m¢xut(MEd by the Board of Tnjstees. A Risk Management Committee is c(Mnrm"sed of Drn Lusbg-Pan {Chairl lan Br(r aThJ the Manwjing Dirkn to monitor risk, confiicts of inleresc financial management system& third party transath.ons and ensAJre a1rate reporting on monthly basis. NumtHs Studio a¢t as our acctyjrrtants management a¢xA)untants. They attend Executive Committee meetings and present the finarw t(tr wlh the Executive Comfflittee and lo the lull board. Al key policies gJcth as Risk. Health Safety. SafwrdiThJ etc. are revie annually by the Board. Apwoved order of th of the t*)ard of Tnthes and signed on Iheir behalf by.. Lusti Truslee- Chair Dale-. Page 9
BRIGHTON FRINGE IA company limitsd by guarnnteel INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Independ•nt 8xaminees report to the Trustees of Biighton Fringe fthe Company'} I rewrt to the charity Ttee$ on my examination of the a(xounts of Ihe Company for the year end 31 August 2025. Responsibllitios and b•sis of report As the Trustees of the Company laThJ bts direcrS for the purtM3ses of u)mpany law) you are responyble for the preparation of the accwnts in a¢c£rtance wth requirements of the Cc¥npanies Act 2(th (Ihe 2(M)6 Acl'l. Having satisfied mYf that xc¢yM)ts of tha CM)pany are nol rUir1 to be audit1 under Part 16 of the 2006 Act and are eligible for inde[111 examinati, I reFKYt in res of my examinatim of the Company's aCcnIS carried out urnler secti1 145 of the Charities Act 2011 flhe 2011 Acl'}. In G4rying out my examinakn.on I have f(A1¢yd the Directions given by the Charity Ccwnmisyon uThler section 14515)Ibl of the 2011 Act. Indopendent emminrfs st4t•ment Sinc8 the Compan5 gross iTh>yne exceed £2XJ,(KKJ your examiner must a member of a t¥)dy listed in section 145 of the 2011 Act. l LnfIrM that l arn qualified to uThJertake the examination be(wse l am a member ol Institutp of Chartued Accwntsnts England and Wales. ¥hich is one of the listed bDJios. I have ¢ompleled my examination. I corfirm that rK) matters have come to my attention in connection wth the examination giving me Cause to believe.. accounling recLY(ts kepl in • of the C(Nnpwry as r8quireJJ by section 386 of the 26 Act: or the accounts do not a(xxKd vilh t& reoxds.. or the accwnts do not compty ith the aCnI]ng requirements of section 396 of the 2(K)6 Act oth8r than any requirement that the aCcnts give a Irue aThJ fai¢ view is nol a matter cOdred as part of 8n inderent examinatscml", or the accounts have rK)t been prep¥ed in alayanCe the methoJ5 aThJ plinapS of the Statement of Recommended Pracli( fLK accountiro arvj w"ng by tharities lapFli(ble to charities preparing their aount$ in accLYdanee ith the Finan(ial ReFYtirwJ staThIa atwicable in the UK and Republic of IrelaThJ (FRS 1021]. I have rn concems arnl have (xThe atxoss no other matters in omneckn.on wth the examinalicfft to which attention sh(wJld be drdvm in Ihis reFth in to enable a proper underslanding of the acLounts to be reaChJ. Page 10
BRIGHTON FRINGE (A company Ilmited by guarnnteel INDEPENDEKf EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 202S This pOrt is made >Jlely lo the Compan$ Trustees. as a bc#tty. in ac£ordance with Part 4 of the Charities (Accounts and Reports) Regulations 2CQ8. My has been undertaken so that I might stale lo the Companls Trustees those matters l am requi to stste lo them in an Independent examinerfs report and for no other purpose. To the fullest extent porTnitted by law. I do not aept iy assume re5wnsibility to anyone other than the C(xnpany arKI the Companvs Truslees a5 a for my work or for this repr1. Signed.. Giles Korkhaffl FCA DChA Lathing Gowen LLP Chartered Accountants Ipswch Dated.. Page 11
BRIGFffON FRINGE (A company limited by guarnnteel STATEMENT OF FINANCIAL ACTMTIES {INCORPORATING INCOME AND EXPEN0uRE ACCOUNT} FOR THE YEAR ENDED 31 AUGUST 2025 Unrnstrictsd funds 2025 Total funds 2025 Total funds 2024 Income from: Donations and legaaes Promoting Brighton Fringe Investments 31,609 292.102 31,609 292,102 596 45.418 260,995 296 Total incomo 324.307 324,307 306, 709 Expenditure on: Raising funds Promoting Brighton Fringe 40.695 331.278 36.444 302.368 331.278 Total eXpendIre 371.9n 371.973 338.812 Net movament In fund$ 147.6661 (47,666) (32, 103) Reconciliation of fvnds- Total fund5 brought fiyward Nel movemgnt in funds 51.297 (47.666) 51.297 147,666 83.400 (32, 103) Total lunds carried forward 3.631 3.631 51,297 The Statement of financial aclivities indudes all gains and losses reccgrused in year. The notes on pages 15 to 28 f( part of finla1 **ements. Page 12
BRIGHfoN FRINGE (A company limlted by guarantee) REGISTERED NUMBER: 05578256 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Fixed assets Inlangible a1$ Tangible assets Investmer 7.024 12 11,171 471 13 Currnnt a$sets Debtors Cash al bank arKI in hand 11,583 14 21.014 28.816 32, 165 41,338 Current liabilitles Cieditors." amcMJnts falling due V*ithin one year 73.503 15 (34.25n {14.870) Net curr•nt assets 15.573 58,633 Total assets less Currtt Ilabilftios Creditors". amounts fallirs due after more than one year 70.276 16 (19.275) (18,919) Total ngt assets 3.631 51,297 Chartty funds Restricted funds Unrestricted funds 17 17 3.631 51.297 Totsl funds 3.631 51.297 Page 13
BRIGFrroN FRINGE (A company limited by guarantee) REGISTERED NUMBER.. 05S78256 BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025 The Company vras entitled to exemption from audit urnler section 477 of the CpanIeS Act 2Cth. The members have not wuired the ccnpany to obtain an audit for the year in question in accordance wth section 476 of CcpanieS Act 2¢Y. The Trustees ackTh)vAe(hJe thr resp(51b171ties for cffi)plyiThJ ith the reqLbiremenls of the Ad with respect to accounting Yecords and preF0rn1ion of finanoal statements. The finanaal ststements have been prepared in the provisons awAicatrAe to entities subject to the small compani8s lMe. The financial ststements knpre ap and auth(*ised fN iswe by the Ttstee$ and ggned on their behalf by.. O Lustig an D8te: The note5 on pages 1510 28 fomi part of these fin¥Kial statements. Page 14
BRIGkrroN FRINGE (A ¢ompany limiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 General Information Brighton Fringe Ltd is an inc(vpmled ctharity. limited by guarantee, registered in Eftgland and Wales. The COmpanS registered number and reg1sted office address can be fwnd in the Report of the Trustee& The prnople pl of trade if the same as the registered office address. The presentsts.on currerry of thè finwial atements is Sterting {£). A¢counting p•caeS 2.1 Basis of Kwration of financial stateme The fInclaI statements have been in accordance wth the Charities SORP {FRS 1021 _ AcrA)unts"ng and Re[ts"n9 by charit.. Ststement of ReoKnmende(I Prackn"ce applicatrAe to charities preparing their accounts in acoxdance the Financtal Rel'rj Standard applicable in the UK and RepU1C of Ireland (FRS 102) leffeve 1 January 2019). the Finanaal Rep(Ybng Standard appli¢aLrfe in the UK and Rem11¢ of IrEland {FRS 102) aThJ the C(vnpanies Act 20C6. Brighton Fringe meets definikn of a wt4ic entity undar FRS 102. Assets and liabrlities are initially rejSe<l at hiskni(g1 rJ8t rK tranS&t1 value unle&s ott"se stated rn the rel8vant accwnting licY. 2.2 Golng Al the tim& of approvrng the financsal ateMents. the trustees have a reaable expectstion that charity h&8 adequate rescmjrS tr) contir)ue in operational existence fcK al least 12 months from the date of w9niry. TIEref¢xe the trustees Umtinue to adw the ¢))ncem basis irf accounting in preparing the financial atements. In C4)ming to that 10. the truslees have revied fiweca incfxne. expenditure. osh and reserves and have tsken into actlt cnmIttj fuThJry from the chantys surwters. 2.3 Incom• JI inctyne is rec(wised ono the Company has entitFemerf lo Ihe income. Fl is probable th8t the income wll be reVed and the amount of income re(%ivaLle can b& mered reliably. Grants are reccJnised in the ar? avrarded. oonab.orts are recr4nised in the they are gNen. Registration fees a rec£grised at the time the pb"cipanl Tegister& ertisng. srKvis(¥thp sub&yrMicm ifKxJme 15 reccsnised in the wi(xl in vthich the relevant fesb.val cxxws. Commisson aThd halling fees are recojrMs al thè time of Page 15
BRIGHTON FRINGE (A comnY limrted by gu4raDtse) NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies (contlnued) 2.4 Expendllure Expenditure 15 reccwJnised there is a legal ( LxJnstrUYe oblig3ts.on to transfer economic benefit to a third party. it is probalAe that a transfer of e(x)nomic Lwefits will tr required in settlement the amwnt of th8 obbigation tE measurgj reliably. Expenditure is dassified by activity. The cJ)sts of &ath aclivity are made up of the totsl of direct ujsts and shared Costs. including support costs invcdved in uThJertaking eth activity. Diwl Sts attributsble to a single actsvity are allocated direGlly to that activity. Shar1 co contribute to more than one activity and svpKMyt (y)sts 1th are not attribJtsble lo a sinole activity are apporhoned between those activities cm a basis lent with use of rwJrce5. Central staff costs are allcTrted on the basis of time spenL arKJ dw&iaiiox) drgeS allated on of the asset's use. Expenditure on raIrj fthid5 indud8s all expenthture inojffed by the Company to raise funds for ils char51ae purTYJses and irthdes cx)sts of all furn1rai$TVJ activitses events and non-charitable trading. Exwditure on chantable ¥tivities is incJJrred on direcyy undèrtaking the acbvities which further the Liabilities are rettcKJrused as expeThYiture as 9X as there is a legal or CnstruCtive obli9alion committing the charity to Ihat expenditure, it is probable that a transfer of economic benefits wsll be required in settlement and the amwnl of the Obligati can be measured reliably. Expenditure is accwnled for on an &cnwls bw"s arKI has teen dasgfied under headings that aggregate all cost related to the catew. Where costs cannot be dIreY attributed to pa.¢lar headings they have be8n allocated to activib.es cffi a basis consistent knrylh th8 use of reurCeS 2.5 Intangible assets and amortlsation IntsrvJible assets are twtalised and reccgnised wtn ftrture e)MiC benefits are probable, and the cost or value of the asset (xn be m&wred rehat4y. Intangible assets are initiauy rec¢yJnised at cost After rec0Jrtson. urKler th8 Cost model, intangible assets are measJJrwl at u)st less any a(£umulabJ amorts"sation and any accumulated impaimient losses. AmortisatTron is FKINided on iDtarvJiNe assets at rates calojlated to te off the o)st of e&h a&1 on a 5traight4ine basis over its exed useful lrfe. Arn¢Ntisatson is provided th8 fdlowtwJ bag"S". 2.6 Tangible fixed assets and depreciatio Tangible fixed assets costiTh3 ENIL or more are cOtalld and recognised when future economic benefits are wcthble and the cost or value of the asset can be measured reliably. Tangible fixed assets are inilialty recognised at cost. After recognilion, urNJer the cost model, tangible fixed assets are Mear1 at ¢St less Cmlated depreciation ar any accumulated impaimient losses. AJI co*s irrred lo bnng a tangitle fix&J asset intr) Its InteThJ wothing (x)ndition shwhj be irKJuded in the meagjrement of 51. Page 16
BRIGHTON FRINGE {A company limlted by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting polleies (continued) 2.6 Tanglble fixed assets and depreclatlon (ltinued) Depreciation is charm as to allocate the of tsnuible fixed assets less their residual value over their estimated useful lives. . DewecAati¢M is prvvid&J on lh& folIc7Thj basis." Plant mathir orrice equipment 20% c(ter equipment 2.7 Inveslments Investments in subsidiaries are val at o)st less prQvis for impaim)enL 2.8 Debtors Trade and other deErt$ ¥e fwnised at the settlement amount after any tr&1e diso)unl offered. Prepayments are valued at the amnt prepaid nel of any trade discounts due. 2.9 Cash at bank and In hand Cash at bk and in haThJ indimjes (ash and sh(wt-term highly liquid investments with a short maturity of thr8e months ¢x le&s from the date of wisits.on CK opening of the deFKJ&l or similar 2.10 Liabiliti8s and provisions Liabilities are rec£¥Jnised kn Ilwe is an c4lgali at the Bala thet date as a result of a past event, it is probable that a transfer of e{[niC ¥•ill rewired in settlement. and the amount of the settlemerrt can be eth"maled reliably. Liabilities are re(D3nised at the am(1 that Ihe Company antiapatès it will pay to settle the debt or th& arrM)unt it has received as atharred payTnents for the g(Khts or Sery1 it mu provide. Provisi0r a rnèa5ur at tt tst eimate of the amourts required to setue the otligalion. Where the effect of the b.me value of morey is material. the Pfovi&on is based on the present value of those amounts. lsUnted at the disojunt rate that reflects the risks specific to the liability. The unwinding of the dis(>Junt 15 recogntsed in the Statement of financial activities as a finance (L 2.11 Financial instruments The Company only has financial a&8ets ar financial liatmlities of a kind that qualrfy as basic financial instruments. Basic finan(xal ins1rumenls are initially recojnised at transaction value and subsequently measur1 at their setuement value the eXph"On of bank loans vthich are subsequently meayjrfyj at amortiwl CO using effective interest methcl. Page 17
BRIGHTON FRINGE IA company limited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 A¢¢ounting poll¢les IntInued) 2.12 Pensions The Crynpany operate5 a definwj ccffitritth.on per( s(kne arvj the rRn51I c*arye represents the amounts payaLrfe by the Ccrfnpany to the fuThJ in ol the yw. 2.13 Fund a¢counting General fuTrJs are elICted fuTrJs vknich are aVailaLO for use at the discretion of the Trustees in furtherance of the general 0148diwes of the C¢Anpary Thl)th have not been dgnaled for other purposes. Restricted furmjs are fur lch a to be used in V•ith $ifiC restrictions imposed by donors or Nthich have been raised by the Company for parti(xJlar purFX)ses. The costs of raising and administering such funds are charged ajainst the ¥ifIC furKI. The aim and use of each restricted fund is set out in the notes to the finanual statements. Investrnent irK(Kme. gains losses are alIcted to apryopriate fuThJ. Income from donalions and lega¢les Total funds 2025 Total funds 2024 funds 2025 Grants The Chalk Cliff Trust 10,tXKJ 10.000 25.000 10.LKKI 10.000 25.000 21.609 21.609 20,418 31,609 31.609 45.418 Page 18
BRIGHTON FRINGE (A company limited by guaTrnteé} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Incom• from Promoting Brighton Fringe Total funds 2025 Total funds 2024 funds 2025 Sponsorships Adverting inwne Registration incLNne COMMI&On received Other irthme 77.232 16,873 67.441 120,620 9,936 77.232 16.873 67,441 120.620 9.936 60.111 31,391 75.460 88,921 5,112 292.102 292,102 260,995 Investment income Total fund5 2025 Tolal funds 2024 funds 2025 DeKX)Stl acwjnt interest 596 596 296 Page 19
BRIGHTON FRINGE IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Expondlture on raising funds Unrestrlct8d funds 2025 Totsl funds 2025 Total funds 2024 Staff costs 40,695 40.695 36,444 Anatysis of eXndItUre by acbvitles undertaken dlrectly 2025 Support costs 2025 Total funds 2025 Promoting Brighton FriThJ8 311,341 19,937 331.278 Activrties undertaken direclly 2024 Support costs 2024 Total ftjnds 2024 Promoting Brighton FrirE 284,639 17.729 302,368 Page 20
BRIGTrffON FRINGE (A company limited by guarnnte•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ALIGUST 2025 Analysis of eXndir* by athFtw (¢oTrtinued) Arbalysis of direct costs Total funds 2025 Total fvnds 2024 Staff costs Rent. rates and water Insuran Contractors T81ephone Postage and stationery Adverts"sng Sundries IT & System Admin Fringe City prcKluclion Human Res(xJrces Box offi System Lice Merchant Servi$ Cha Art Industry Costs Sofhyare Storage Operations Depreciab"on Amortisation Addiknonal S1$h1 Brothure 14<283 8,820 7.531 20,700 935 129,209 10,823 8,864 20.246 830 502 69,113 47.448 3.145 1.265 466 12.015 26.569 4.016 388 1.457 2.816 103 2.082 710 434 8.237 24, 742 2. 191 133 1,086 3,554 424 1.397 4.147 25,230 311,341 284,639 Page 21
BRIGHTON FRINGE IA comp•ny limited by guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Tangibl• fixod assets Plant and Office Computer mxhirw equlpment equiprnenl Total Cost or valuatlon At 1 September 2024 6.226 513 12,937 19,676 At 31 ALKJUSt 2025 6.226 513 12.937 19,676 Deprociation At I September 2024 Charge for the year 102 12.937 19.265 103 103 At 31 August 2025 205 12.937 19,368 Net book value At 31 Augusl 2025 308 Al 31 August 2024 411 417 Page 24
BRIGHTON FRINGE (A company limited by guardnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Fixed a55et Investrnents Investments subsidiary companiès C¢yst or valuation Additions Al 31 August 2025 Principal subsidiaries The following was a subsidrary urthrtaking of the Ccrf)Ip8ny: Name Company number R¢gist•rod office or principal Principal activity place of busirbess Brigmon Fringe OF¢ratiorLS Ltd 14545245 Pierv*Erks suite 402. 21-22 Old Operations of arts Steine. Brightrm. East sUx, facilities BN1 1EL Class of Holding shares Ordinary 1(M)% Brighton Fringe Operations Ltd incOrwat on 16 Derxnber 2022. The finarrial results of the subsdiary for the periiyy lo 31 August 2024 Ire. Namo Income Expendithrn Surplusl (Deficit) for thg year Net assets Brighton Fringe 0rats.0rts Ltd 21582 10.984 11.598 110.0521 Page 25
BRIGHTON FRINGE (A company lifflil•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 4A BRIGHTON FRINGE IA company limited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 18. Anaty$is of net •ssats between funds Analysis of net assets between funds - current year Unrestricted funds 2025 Total funds 2025 Tangible fixed assets Intangible fixed a&sets Fixed asset investrnents 308 308 7,024 7.024 Current assets Credit¢ys due wthin one year Creditors du8 in m¢xe th one ye 49.830 {34,2571 119.275) 49.830 {34,2571 119,275) T¢>tal 3,631 3.631 Anatysi$ of net assets between funds- prfor year Unreslrided funds 2024 Total funds 2024 Tangible fixed assets Intangib fix8d assets Fixed asset investments 411 11,171 11,171 Cuffeni assets Creditors due within year Creditors due in more than cth Jear 73,503 (14.870) {18,919J 73.503 f14,870) (18,919) 51.297 51.297 Totsl 19. Related Party Dis¢lo$ures