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 Inde￿nd￿nI 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 Ap￿bY 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 GO￿en 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 [￿1￿0￿5 of Accounting aFKI RepKJrting by Chanties.. Statement of Recommended Practice apFAicable to charities preparing their accounts in ar£orda￿e with the FIr￿n(la[ Retxyling Standard applicable in the UK atmj RepU￿1C 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 edU￿ti(￿ 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 profe￿￿onal resource, thal stimulates. gducates ano brings artists and audienc￿ together. This Trustees Rewrt demonstrates the public benefrt offered by Brigmon Frir￿e Ltd through the deS￿Ption of our activities during the 20242025 Financi￿ Year. STRATEGIC REPORT A¢hievem•nt and perf0m￿n¢• 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 contin￿1 to focus on the loThJ-lemi financial sustainability of the Charity to ensure the orgallisab.cffl is in a p￿tion lo further devek)p the services provided lo the a￿StIC 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 Commi￿On'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 'Ontr￿jard1r￿j': 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 8￿YdaYS give the cf¢K¥tunty for further IrainiNJ and o￿lal￿￿tiOn. TnJst*s' experience is broad and indiKles senirx management arxl leadership in the perfomir¥J arts. senior marketing speuali5ts. a chartered aC￿nIan1 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 prTrJucerlpwf0￿eT in ts arts. The Board agreed to the r￿W ￿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 (COP￿INuED) FOR THE YEAR ENDED 31 AUGUST 2025 The Chair wrthes to thank the I￿￿ee5 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 (z￿StitUenIs. 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￿ re￿Ied the c4Jnfimialiffi of the aFwintment of a managiTrJ director inlemally and th• a￿lIts0n of the rule of CEO. The thair had temrKxarily assumed the CEO vvle ur)paid for several month$. The chair has continL￿d lo wtmraw frcrfn day-t(Fday operations as Ihe new Managing Oireclor develops into the role. This has resulied in dear lir￿ bel*Een owab.onal aThl strategic and has strengthened govemance. Meeting our charitable obioctiv•s In 2025 Brighton Fringe Ltd deliverej the fOll￿1￿j x*ivities to meet the public benefts outlin&J in the oryanisation's Ltharitable obi8(ai¥es: 2025 Festival Brighton Fringe 2025 trx)k ￿lace bet*een 2 May arml 1 June 2025 With 807 events. more than 2,4CN) performances in 173 venues. pre(kThinanliy in pers￿ and ￿th a few virtual. We ￿re ddighted to be able to bring back a brcthure for the first time since 2019. sgnificant invethent was spong)red by ube￿ats. The retUTn of the brithure vras hugdy ￿ed by our aimlie￿. artists arHI venues alike. It had 8 maiked impact uwn ts.cket sales. Despite difficulties fir￿Ing w￿￿*$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 Bri￿1￿ 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. Ind￿lIng mentoring. marketing and finanryal WPFW)rt. The list of 28 buTsari8s. vthh provided by t￿1r￿$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 Jev￿llerS Jenni Lewn-Tumer Katie ReddinQar Luke ROlla￿n 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 w￿re 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 Neurc*Jiver5e 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. Pet*Jle Trust Outgoing Touring Avrard. Best Nv•V Show sponsor￿1 by Holel 124. Audience Chobce B8St Small Venue. Audienr* Chcice Besl Venue. A￿llence 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 Organisati￿9. t￿luding, 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 ne￿￿rkIng opp)rtunities to anyone interested in leaming and developing a career in the arts. Topic3 included My First Fringe. Prc*JuaThJ 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 c￿￿ne y) that artists have year - rouThJ acLess lo training aTrJ deveknwnent material. We built p￿tnerShipS 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. pr￿arammerS aThJ technical trades. It is regretlable that V** w￿re unab18 to 58curo AJIS Council England furKJiThJ (x fiThJ a sp)nyy lx an0tr￿ trust to Ihis impc￿nt 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. ThroughX Offi￿ opti￿￿ *we m* a¥ailatAg in 2025. iThJ￿Ing in ￿1￿& arKI on the pl￿ne. 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 f￿lIllI@S to host our Box Office this year. Thus proved a popular ￿ntral arKI acC￿￿4e ste for our audienrx aThJ f¢x)ffall was improved uwn previcmjs years. The overwhelming majority of tiL*et sa￿S 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 teleph￿e. Despite the &gnifirxnt cost of *affing trw"s I￿IrtY ¥•ill be c¥)ntirn*d. 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 re9￿ar attendges. A ￿CcesS￿l 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 reF￿e$￿ttl￿ at any Frin￿ abrts￿l. W& th) rv)t intend to undertake fo￿1g￿ travel for the foreseeaLle future. Thanks to the gener￿ty 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 A￿ard 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 V￿re 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 a￿lenc￿ 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>l￿n 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 sUp￿rterS, sp)ngys and partneis". Famham Maltings Chichester Festival Theatre Edinburgh Fringe Laine Pub Co Wagamama Royal Pavillion and Museums TNst Number Studio Irony￿rkS 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 ToV￿r 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 aJlt V*inter months by an interesl-free loan by the chair. Prlncipal funding sour￿5 In 2024125 Brighton Fringtr Ltd earn￿J the mafftyity of its I￿(￿ne from registration fees, ticket sales commissions. advertising arml commercial partnerships. HuApver, these remained loN*r than the levels seen p￿-2020, 8righton Fringe Ltd vtas al*J reliant on ggnificant Sup[￿ from furkkn like T*￿ Chalk Cliff TWSL The Board of TnJslees thanks its funders f¢Y tsir generous surwt. Page 7 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, or￿tiOnal expenses was not aChieva￿e 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 r￿r¥eS bthen and a Flan is in fLff ￿Y UnantiupaI￿ unrestriLted funds to go into rese￿eS and to repay Ihe CoronavinJ5 Business IntemJption Loan. The inter-company loan to Brighton Fringe Operations Ltd is gradually being ￿Paid from the ir￿e 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 reSe￿8S 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 ￿Sh￿OW 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 frc*n Jubilee Square ber2use of intense aggfessive (x)mpetition from Brighton aThJ Hove Cwncil stes wtho are ffla￿eting 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 robu*ly 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)m￿tron 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 c￿tinueS to prove effecb"ve. and both the committee and the wider twstee b(NJy are confident wth the management of the difficult finant?al F￿lti(￿ 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 Mernor*thm 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 T￿￿e$. The Exe(xrtive Committee Wds reinslaled comprising the Chair. Managing Direc￿ a￿1 lan Bro*n a Trustee army a{r￿jntsnt. The Directors agreed to the appointment of the Managifig DirectrK as comp￿ s￿ry. 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 revie￿ing 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 tru*ees rewve any renUme￿I0￿ 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(¥n￿l￿ns[Ve risk strdtegy m¢xut(MEd by the Board of Tnjstees. A Risk Management Committee is c(Mnrm"sed of D￿r￿n Lusbg-P￿an {Chairl lan Br(r￿ aThJ the Manwjing Dirkn to monitor risk, confiicts of inleresc financial management system& third party transath.ons and ensAJre a￿1rate 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 T￿tee$ 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 direc￿rS 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 mY￿f that xc¢yM)ts of tha CM)pany are nol r￿Uir￿1 to be audit￿1 under Part 16 of the 2006 Act and are eligible for inde[￿1￿11 examinati￿, I reFKYt in res￿ of my examinatim of the Company's aCc￿nIS carried out urnler secti1￿ 145 of the Charities Act 2011 flhe 2011 Acl'}. In G4rying out my examinakn.on I have f(A1¢y￿d the Directions given by the Charity Ccwnmisyon uThler section 14515)Ibl of the 2011 Act. Indopendent emminrfs st4t•ment Sinc8 the Compan￿5 gross iTh>yne exceed￿ £2XJ,(KKJ your examiner must ￿ a member of a t¥)dy listed in section 145 of the 2011 Act. l L￿nfIrM 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 2￿6 Act: or the accounts do not a(xxKd vilh t￿& reoxds.. or the accwnts do not compty *ith the aC￿nI]ng requirements of section 396 of the 2(K)6 Act oth8r than any requirement that the aCc￿nts give a Irue aThJ fai¢ view is nol a matter cO￿d￿red as part of 8n inde￿r￿ent examinatscml", or the accounts have rK)t been prep¥ed in ala￿y￿anCe ￿ the methoJ5 aThJ plinap￿S of the Statement of Recommended Pracli(* fLK accountiro arvj w￿"ng by tharities lapFli(*ble to charities preparing their a￿ount$ in accLYdanee *ith the Finan(ial ReF*YtirwJ 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 reaCh￿J. 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 a￿ept iy assume re5wnsibility to anyone other than the C(xnpany arKI the Companvs Truslees a5 a for my work or for this repr￿1. 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 EXPEN0￿uRE 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 eXpendI￿re 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 fin￿la1 **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 a￿1$ Tangible assets Investmer 7.024 12 11,171 471 13 Currnnt a$sets Debtors Cash al bank arKI in hand 11,583 14 21.014 28.816 32, 165 41,338 Current liabilitles Cieditors." amcMJnts falling due V*ithin one year 73.503 15 (34.25n {14.870) Net curr•nt assets 15.573 58,633 Total assets less Curr￿tt Ilabilftios Creditors". amounts fallirs due after more than one year 70.276 16 (19.275) (18,919) Total ngt assets 3.631 51,297 Chartty funds Restricted funds Unrestricted funds 17 17 3.631 51.297 Totsl funds 3.631 51.297 Page 13 BRIGFrroN FRINGE (A company limited by guarantee) REGISTERED NUMBER.. 05S78256 BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025 The Company vras entitled to exemption from audit urnler section 477 of the C￿panIeS Act 2Cth. The members have not wuired the cc*npany to obtain an audit for the year in question in accordance wth section 476 of Cc￿panieS Act 2¢Y￿. The Trustees ackTh)vAe(hJe th￿r resp(￿51b171ties for cffi)plyiThJ *ith the reqLbiremenls of the Ad with respect to accounting Yecords and preF0rn1ion of finanoal statements. The finanaal ststements have been prepared in the provisons awAicatrAe to entities subject to the small compani8s ￿lMe. The financial ststements knpre ap and auth(*ised fN iswe by the T￿tstee$ 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 COmpan￿S registered number and reg1ste￿d 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 fIn￿claI 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￿'r￿j Standard applicable in the UK and RepU￿1C of Ireland (FRS 102) leffe￿ve 1 January 2019). the Finanaal Rep(Ybng Standard appli¢aLrfe in the UK and Rem￿11¢ 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 re￿j￿SeJunt 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 measur￿1 at their setuement value the eX￿ph"On of bank loans vthich are subsequently meayjrfyj at amortiwl CO￿ using ￿ effective interest methc*l. 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 I￿ntInued) 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 ￿￿e￿lICted fuTrJs vknich are aVailaL￿O for use at the discretion of the Trustees in furtherance of the general 0148diwes of the C¢Anpary Thl)th have not been d￿gnaled 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 alIc￿ted 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 Adverti￿ng 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 eX￿ndItUre 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 eX￿ndi￿r* 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 S￿￿￿1$h1￿ Brothure 14<283 8,820 7.531 20,700 935 129,209 10,823 8,864 20.246 830 502 69,113 47.448 3.145 1.265 466 12.015 26.569 4.016 388 1.457 2.816 103 2.082 710 434 8.237 24, 742 2. 191 133 1,086 3,554 424 1.397 4.147 25,230 311,341 284,639 Page 21 BRIGHTON FRINGE IA comp•ny limited by guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 12. Tangibl• fixod assets Plant and Office Computer mxhirw equlpment equiprnenl Total Cost or valuatlon At 1 September 2024 6.226 513 12,937 19,676 At 31 ALKJUSt 2025 6.226 513 12.937 19,676 Deprociation At I September 2024 Charge for the year 102 12.937 19.265 103 103 At 31 August 2025 205 12.937 19,368 Net book value At 31 Augusl 2025 308 Al 31 August 2024 411 417 Page 24 BRIGHTON FRINGE (A company limited by guardnteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Fixed a55et Investrnents Investments subsidiary companiès C¢yst or valuation Additions Al 31 August 2025 Principal subsidiaries The following was a subsidrary urthrtaking of the Ccrf)Ip8ny: Name Company number R¢gist•rod office or principal Principal activity place of busirbess Brigmon Fringe OF¢ratiorLS Ltd 14545245 Pierv*Erks suite 402. 21-22 Old Operations of arts Steine. Brightrm. East sU￿x, facilities BN1 1EL Class of Holding shares Ordinary 1(M)% Brighton Fringe Operations Ltd incOrwat￿ on 16 Derxnber 2022. The finarrial results of the subsdiary for the periiyy lo 31 August 2024 I￿re. Namo Income Expendithrn Surplusl (Deficit) for thg year Net assets Brighton Fringe 0￿rats.0rts Ltd 21582 10.984 11.598 110.0521 Page 25 BRIGHTON FRINGE (A company lifflil•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 4A BRIGHTON FRINGE IA company limited by guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 AUGUST 2025 18. Anaty$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