REGISTERED COMPANY NUMBEIL. 07798719 (England 8ml Wales) REClStERED CIIARITY NtiMBEIL. 1146117 CHARITY OMMISSION REPORT OF THE TRUSTEES AND. AUDITED IIINANCIAL STATEMENTS FOR THE YEAR E ER 202 FOR TRE CtRCL£ BRIGHTON LIMiTED MPANY Llil(rrED BY GUARANTEE FI CRT Limited Flat24 WelliWoni& Court taine Closo Brighto East Sussex BNI 6TD
BRIGHTON LniifiED TENTS OF THE FOR THE YEAR EN AL STATEMEN I (KTOBKR 24 ED Page RÈport of the Trust¢es I to 3 Independfflt Report StAtemelltol Fthancial Activitie5 Bg14nee SheeÈ Cash Flow Stst¢ment Notes to the Cosh Flow Ststemelll Notes to the Fivan¢knl Staternent$ 9 to 15
ror4 LIMITED GISfERED NUMBER: 07798719 TEES ENDED 3 RTH BER 2024 The trust¢e8 who are also directors of th¢ charity for tILe purpose5 of the Compallies Act 26, pr¢sent theirw)ort with th¢ fman¢i8181atements of th¢ Gharity for the year ended 31 Octob¢T 2024. The trste¢s h&ve adopted the provisions of Accouthiing and Keportltig by Chlties.. State]nenl of R¢coJnmended Practic¢ applicable to ¢haritie8 preparing thelr acci)unts in accordgnce with the Finatt¢ial Reporting Siandard applicable in the UK and Republic of Ireland {FRS 102) (eftective l January 2019). OWECTIVES AND ACTivrriES Obje¢tiYes and als Objecti$ The obj¢¢ts of the Charity are sptcificallyrestiicted to the followitig: l. To promote and protcth the pbysical and Melli health of of Myalgie F¢opha1omye1itis ("IvlE"), Multiple ScleEosis ("MS"), Depression and Stress related Conditions iti Ettgland and Wales thtM)ugh the provisiotL of "Supportcd Liviug. a¢wnmodRtion. Functional Mobility al Fithe85 exoryise cla&ses. MindfLthiess & Meditation sessiofts alld prathical advice and gtiidance. 2. To advance the ducatibn of Ihe generdl pjblic in atl ar¢&8 Tel1ng to Myallric Fncephalomyelitls C'lvl.E'), Multiple S¢lerosis ("MS'), alld &ll Depression and Stress Telated conditiony. 3. To work withthe homeless community to improve cotLditions and return the r¢sidents to inW?te back into society. Aiffts tn the poriod covered by the attached xtounÉs to 31st October 2024. the COMnY rethed out its premis¢s to tbe BHCC 8 we were unable to recruit Staff to continue our Supp)rted LTrving Project. Tkne Conw ¢ontitwed to support pevple i exceptionally poor finaDcial Situations globally. Publie benefit Thz Trustees cthify that they bav¢ and paid due regard ts) the Charity Collmiission's guidance on public btfit in de¢idin8 activitie5 tbe Cbarity ¥bould ulldertake. Thi5 tILey believ¢ 1$ demoDstratsd inthi8 repo ACHIEVELELT ALYD PERFORMANCE Ch4ritablE a¢tivitie5 The rornpaDy ¢tillUed to reD out it8 premises to BHCC for housing InelesS ptople. FINANCIAL REVIEW Flnaneial p05ilion The results for tkLe y¢ar are shown iD the Statement of Financial Activities and slLowed a defL¢it of £6.668 (2023: SUTplus £29,517). This has beEn dethLCted from the retained reserves brought forward of £263,002 to leave £256.334 to b¢ caftled fokwar Illyestellt polley And obJectiv¢s The Memorandum of Association allow5 the TrStee$ to depo8Lt or knvost fjmds in any manner (but to itiyest ODty after obtaining advic¢ from a fiDancia] eXrt and having reg tothe slIabil)ty of investsnents and the need for diversific8tÈon). Rcs¢rYes polky As ¢zn be seeD from the Accounts the reseryes are 6,334 but this is repselld by fixed assets that aMot to £26A,501. The Itvel of reserves is regularly monitored by thc TneS and the TneS ar¢ tying to increase rtL6 level of rese¢9 iZL difficuittin)es. The Trustees would considu a Icvel of te5c1ed re5eryes equivalent tt) 3 month5 exJnditure to be appropriate to be beld at Bny on¢ tinie. FUTURE PLANS The charity is hophllg to go ba¢k to ptDvidlng a 8UPPOrted liying facility to de41 aDxiety and dwessio but theLE are many c]M]l¢D8es including sky roGketingthulding Costs and thi)rtag¢ of ]abour wbi¢h aTe delaying the prnarn. Pake I
E CIRCLE BRI TMrrED ERED NUMBER: 07798719 REPORT OF THE TRUSTEES FOR THE ITAR EIYDED 31 OCTOBER STRUCTiIRK, GOVERNANCE AND MANAGEMENr Governing documtftt The Charity 15 a company limited by 8U&tzntee aJJd is governed by its MemoTatMlum and Arti¢l#s of Association dat 5 October 20LI. Th¢ Ciwl¢ BrÉglLton Litllited .(pr¢ViosIy Smile2Live Ltd} was incorporated on 3 O¢tober 2011 (regiswed company nunfi)er07798719). 11 recEived a d)lb]e staknEs on 27 February 2012 (Tegi8teLrd Ch7ty nwnb¢r 1146117). Recr*¢nt and appolntment of new trusttt5 The Thist¢es (Directors foi Conwani¢s ACÉ purpose5) att listEd in this report. The first Directors shall be those PXTsons notifLtd to Compmies House &s the rs¢ Directors of the Company. Th¢ minimum numiEr of Ditedors shall be one buÉ (]thiess otherwise detenllineA by ordinary Solution) Shall nol be subject At the first AGM all the Directors mwt retire frotn office unless by the cknse of the rncetiDg the metnbers have failed to ¢lect sufficientDireuors to holda qUOTat¢ rneetill8 of th¢ Dir¢¢tors. At each subsequent AGM one third ofthe Dir¢ctOig musttwire from office. The compally may by ordiw LEsolution'. &) Appoiw aperson who is wiTing to actto be aDirector,' and b) Deternin¢ the rotgtion in which any additional DirectoIs are lo retire. Risk man]¢t Trnstees have exa]ned th¢ principaj of Éhe ckthltS operatiOTJS and collsid¢red ttLe majiK ri5k5 red in e&ch of th¢sc aTeas. Risk m9ll8gement tskes pl&¢e annually by the ¢onmiittee. REFERENCE AND ADMtNISTRATJVE DETAILS Rtgistered CompAny llu]nber 07798719 (En8]and and Wales) RL¥lstered Charlty number 1146117 Registered office 55 North Str&t Portslade Brightoll East Sussex BN41 IDH Trustees G Bell F Ghiaci Mrs D Ghia¢i [nde[dEa Examiner Christopher Robert Tyl¢rFCA DChAFCJB FI CRT LIlled Flat 24 wellingla Court Laine Close Brighton East Sussex BNI 6TD CoMnY Secretary Mr5 R Camero Pa8e 2
THE CIRCLE BRICATON L rrED RED NUMBER: 07798719 REPORT OF THE TRUSTEES FOR THE YEAR ENDKD 31 ocfoBER REFERENCE AND ADMtNtSTRATAVE DETAILS Bank¢rs HSBC Chur¢h Street Weybridg Surrey KT13 8DF STATEMENT OF TRUSTEES, RESPONSIBILITtES The trustses (who are also the ditectws of The CiT¢le Brigbtott Limited for the purposes of company law) are 4)onsible for preparing the Rewrt of the Trn5te¢s aod the fitkiD¢ial st&terneDts in &w)Tdanc¢ with appli¢abie law and Uni¢edKingdom Aoi]ntIng Standards {Ulted Kingdom GellEfdlly Accepted Aceounting Pra¢iice). CoMp4ny lawrequires tbe ttustees to prepare Fancial 5talements for each fllw)¢ial year whl¢h & tn and fair vitw of the stats of affairs of the challtable and of tbe iTh¢otning r¢souTces and applicatioll of resources, inclu(ting the iu¢om¢ and expgnditure. of the ¢hwiÉable company for that petiod. ID w¢pwillg dLQ8e fit)8[11 statwneTht4 the tmstees are requir¢d ts) sele¢t svitable a¢couuiing po]f¢ies and then apply thE ronsi5tentty' ob%Lve the mgthods 8nd PTinciples in the Charity SORP,. make judgements agtimales that &r¢ reasonabl¢ and pTL¢llt. prepare the financial tht¢ts on the 80ing concern basis uol¢ss it is inappropriate Éo presutne that the GhOLitsble comp4uy wi]1 ¢i)ntllwe in b1]lesS. Th¢ lrnstses &tr re$poJsible for keeping proper a¢¢oimtinLF recoyds disclose with reasollable accDra¢y at any timo the fitt&ncial position of the ¢hariÉable ¢otnpally alld to enable thern to ensure that the financial 5tatemellts comply with the Companies Act 2006. They aye a]so spOnsi1¢ for safeguardiTrg the assEts of the cbarilable company and hence for tsksng reasonable Steps foTtbe prevention and delectioll of fi8ud and other i¢guI1tieS. The financial statements 8pproved on....... . oS.a5 . and si8Ded on its FKha]f by F Ghiaci: - Trusle¢ Page 3
JNDEPENDENI EXAMINER'S REPO THE CIRCLE BRIGHTOTrI LIMrrE THE TRUSTEES Indep¢ndent e1eT'S reportto the trthy ofThe C5r¢le Brlghton Llrnhed Cthe Compally,) I reFK)rt lo tILe charity tteeS on Jny examilon of the accounts of the Compally f¢)r th¢ year ended 31 0ct.olw 2024. Responsibilitie5 basis oEreport As the charty's trustees of Ihe Company (and a150 its dir£tors for the PUfPDses of cornpany law) you are responsible f tk preparatlon of the accounts accordattce wtth th¢ requir¢ments of the Companies Act 2006 Cthe 2006 Aci). Having satisfled myself ihat tho ac£ounts of the Company are not required to be audit¢d wider Part 16 of Ihe 2¢X16 Act and aL% ellble for itldependent I report in r¢spKt of my Lyarntllatioll of your chaTitgs accounts as carTied out under Section 145 of the Charitie8 Act 2011 Cthe 2011 Act,). In carying out my examination J have followed tbe D1CtionS given bythe Charity CINnslo ufjder S¢tiDn 145(5) (b) of Ihe 2011 ACL IndependeDt examlller's statemenl I h&v¢ completed my eyamillatioth I confirni tIt niatters hav¢ ¢orne to my attcttlion in wilh the ex8minRtion giving tne ¢ause tobeIieve: a¢¢ounting records were notkept ill respect of the Company as r¢quir¢d by Section 386 olthe 2006 Act or the ac¢omits do not ad with those records" or the accounÉy do not cotnply with the a¢¢ounting requireme]lts of Sxtion 396 of the 2006 Act other than any requirement thatthe accoutlls give atrue and fair view which is ]t a LDatt¢r considerEd as part of all indepemdent examination" or the &ccoThits have not been prepared in ac¢ordance with the rn¢th(Kls aDd principles of the Stthment of Recon)m¥nded PTrttice for a¢¢ounting alld rewrting by ¢haritieg (applicable to ¢harities preparin8 their OUnts in accoTdoll¢e with the Financial Reporting Standard applicable in tbe UK attdR¢public of Ireland (FRS 102)}. I have no oottctrt)s and bave come a¢ros8 no rtLatrer$ in connection with the ex2miDation to which artenti¢)n should be drawn in this report im Order to euable &proper und¢r8thnding of dle accounts to reached. Christopher Rot*rt TylrfFCA DChA FCIE FI CRT Litnited F]at. 24 Wellingtonia Court Laille Close Brighton East Su&sex BNI 6TD Page 4
THE CIRCLE BRIGHT LIMITED srATEMENT OF FINANcfAL AcfivITIES FOR THE YEAR ENDED 31 ocfoBER 2024 2024 Unrestri¢ted 2023 Tota] fimds Not¢s INCOME AND EL¥IDOWMENfs FROM IX)llations and legacies 21,0(KJ 4,314 Chgrft8ble actlvities Wellbeing programmes 24,123 54,011 Investment income Other income 161,947 54,4tX) l66,031 Totsl 207,070 278,756 EXPEfqDTfuRE ON Cbaritable activities WellE¢ing prOtne5 213,738 249,239 NET INCOmEI(EXPEtTuRE) (6,668) 29,517 RBCONCILIATION OF FUTrIDS Total fiwd5brougbÉ forwwd 263.002 233,485 TOTAL FUNDS CARRIED FORWARD 256.334 263,002 The notss forni part of these f]Dancial state]nents Page 5
THE CIRCLE BRIGITfoD4 LIMITED ERED NUMBER.. 8719 BALANCE SHEET 31 OCTOBER 21124 2024 Unrestricted fund 2013 Total fwids Notes FIXED ASSETS Tan7)le a&sets 12 264,501 205J91 CiJRRE]Yr ASSETS Debtors Cash at tronk and tllhand 214 8.178 2,455 2,455 8J92 cREDORs Amounts fa1]ll due within olle year 14 (10.622) (10,981) NET CURREN[ ASSETS (8,167) (2,589) TOTAL ASSETS LESS CURRErfr LIABILIThES 256,334 263,002 r4ET A&S£TS 256,334 263,002 FUIIDS UJJr¢stricted funds 15 256.334 263,002 TOTAL FUNDS 256.334 263,002 Tbe ¢knitable ¢ornpally ts ¢ntiiled to exemption frottL audit und¢T Sertion 477 of the Compani¢s Act 2006 for the year ¢nd¢d 31 OCtor 2024, The methbers tLave not reqUId the ¢owally to obtain audit of its fmaD¢r81 8iatem¢nts for the year ended 31 October 2024 sn tt¢cordan¢¢ with Serfioll 476 of the Companies Ath 2006. The tNstees a¢knowledge their resp)nsibilities for enswiDg that the Charitable wnpally k¢¢ps accountin8 records th&t cotTrwly with Sections 386 and 3&7 of the Compauies Act 2006 and prcparing flnancial statements which give a tru¢ atkd fatr Yi¢w of the state of alYair& of the charitable company &8 at th¢ end of eac& financial year a]Ld of its SULplus or dEficit for eaeh firll¢la] year ill accordan¢e with the rcquirem¢llt5 of Sections 394 and 395 and which otherwisc COllLpFy witb thtt requiTemmts of the Compatiies A 2006 telat3n8 to finaacial sfate]nents. so far as 8pplicable to the clwitsble company. Thes¢ flnancial statefftents Iwve been pr¢pAred itt a¢cordan¢e with th¢ PTOViSions applicable to ¢haritabl¢ companies j¢ct to the smalL c(Impgnies regth]e, The finallcial 5talements were approved by the Board of Trustees authorised for issue o .. alld were sigDed on its behalf by: (b) FGb 5- Tntee The llOt¢s fortnpart of these fjnancial stat¢mettlg Pag¢ 6
Ece E BRIGHTO MITED CASH FLOW STATElENr FOR THE YEAR ENDED 31 OCTOBE 2024 2023 Notes Cash nows from operating aetivitie Cash xetteffated from operation (5.674) 1121.995) Net cash used in (weratillg a¢tiviti¢s (5.674) (121.995) C*$h llows from mYeslAn¥ actlvlties Putthase of tangle fixedassets Sale of tangibk fixed assels (49) {53246) 178.583 Net ¢8sh (used inyprovid¢dty inva5ting activÈÉies (49) 125.337 Challge in Cash alld ¢&sh equfvalellts Ill the reportiog period Cash and cayh equiYlll¢llts #t th¢ beginning of thE fEW)rting perTod (5,713) 3,342 8,178 4.836 C4$b and cash eqviyalellts at the elld of the rewrtlD8 Ptriod 2,455 8,178 The notes fonn part of these fjDanciBI staternenls Pag¢ 7
THE CIRCLE BRIGHTON LIMITED NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2024 RECONCIUATION OF NET (EXPBNDITURE)IINCOLWE TO NET CASH FLOW FROM OPERATING ACTivrrJES 2024 2023 Net (expendlture)linefjme for lh r¢portiMg period {s per th• Stat¢m¢nt of FlnanelalAethTltle5) Adjustments for: Depreciationc1geS Prnfit on disposaj of fed assets Loss Oll disposal of investment Decrease in debtor5 Decreage in editOrS {6.668) 29.517 2g.833 (166.031) 214 (3J9) 8.059 (22.375) 14¢t cwb u5¢d in vperntion$ (5,674} (121,995) ANALYSIS OF CHANGES TN NET Fuf4DS Ati.11.23 Cash flow At31.10.24 Net cash Cash at bank aEul in hand 8,118 (5.723) 2,455 8,178 (5,723) 2.455 8,178 (5,723) 2.455 The oteS foTm part of these finan¢ial statenKDt5 Page 8
ECIR RIGHTON LilrD IYOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 ACco[ING POLICIES BasAS OI preparlng the Ilnanelal stAÉemertls The financial statements of the ohariiabl¢ ci)mpaDy. which is a pub]ic benefrt entity under FRS102. have been prepared in accordallce witllthe Clwities SORP (FRS102)'A¢¢ounling and R¢EKlrting by Charilios: Stst¢m¢nt of Recomm¢nded Practice applicabl¢ to ¢hariti45 pr¢p8Nng iheir a¢counis th¢ Financial Reporting SÉandard applicable in the UK and Republic of Irelalld (FRS 102) (effective l January 2019),, Finla1 Reportiiig Stsndard FRSI02 'The Finafjcial Reporting Stallilard applicable ill the UK and Re11¢ of Ir¢lalld' and ihe Companies Act2006. The fillanGial &atements have been prepared under the historical cost convenlion. The accounts are prepared in sterling, wbich is the fict[Onl CLllTency of the ¢Ilty. Monetary aMOt$ in the fanCIal 8taiements are r(mded io the llearest £. The trusÈeesldire¢tors ¢onsider thRt there are no material uncwtaiDties about the co]npany¥ ability to continlle ag a going ci)nc Pr¢paration of ¢onwlld8ted fillanelal stateents The financial stat¢tnentg conlain infotination about The Circle Brighton Limited as an I)]vidal cojnpany and do Dot ¢ontain ¢bL%olid&ed fin8nci&l infonnation as the payent of a grow). The ¢hatity is exempt under Sectioll 399(2A) of the CompaDie5 Act 2006 from the requirements co prepare GOnlidated finaD¢ia] statoments. lllcomt All iELfgffje 15 r¢¢ognised in the StateJncDt of FI[¢1&1 Activities once tbe charity bas ¢ntitlemelll to the fid Tt is probable that the itt¢Dn)e will be received alldthe amount ean bemEoswed Teliably. Expendfitmre LAabilili¢s are re¢ogDised as cnditure as sooll as thett is a Iyl or CODStructive obligation committing the ¢harity to that expenditure, it is probable that a tran$f¢r of econonllc benefits will be reqthd in gettlement and the #ITUt of the obligation caTE be rnwured reh"abty. BxpeDditure is accounted for orl an ¢la19 basis and has been cla$5ified w)d¢r headig5 that ag8r¢gate all cost related to tht cthgory. Wh¢re costs ¢8nnot be directly allribu¢ed to particular h¢ading5 thty have been allocated to a¢tiviti¢5 on & basis consist¢nt widl the 5¢ of resources. Tmnglble fixed s$ets Depre¢iation is provided at the fo]low4n8 allThual rales in order to off eacts asse over tts estimar¢d useful lrfe. Tan711e &8$ets Short l¢ase]K>]d- Slraighi lit)e over 10 years Plallt and macbinery- 25D/u on cosl FithLres and fitÉiDgs- 25Okn oll Teducing ballc¢ Office eqllipm¢ul_ 250/0 on dcl1]g ba]ancp The ¢b4rity doEÈ not have a de miDimi8 level forthe ¢8Pitalisalion of red &sets. Taxatw)n The charity i5 considertd to pass the lests sd out in PaTagraph I Scbedule 6 Ftt]anc¢ Act 2010 and therefore it nhe£ts the defillition of a chaTit8ble comparty for UK Corporation Tax purposes, Accordingly the th8rty is potentially exempt frorn taxation in respe¢t of incimne or capit41 gains re¢¢ivd within calegories wvered by Chapter 3 11 CortK)Tation Tax Act 2010 or Section 256 of the Twtion of Chargeable Gains Act 1991 to the extent that such incom¢ or saiDs aty appli¢d exclusiv¢ty tt) c]itable purposes. Fund arcoullÉiBg Unrestricted fimds callbE used in accuFdallce with the chit3b1e iTrbjerfiv¢s at the dis¢r¢tion of th¢ tntstees. R¢stricted thnds can only be usrd forparticular r¢stricled purposes withinth¢ objects of the ch&ity. Restrictions &Tise whFn specifi¢d by th¢ donor whw fid5 aye raised for particular restrird purposes, Page 9 contill¢d...
' THE CIRCLE BRtGHION LlliqfTED NOTES TO THE VINANCIAL sfATEMENTS- cotEtinued FOR THE VEAR kNDED 31 OCTOBER 2024 ACCOUNTING POLTCIES- continued Fund accountlni Furth¢r explanation ofth¢ naturo aod putyose of each fimd is included in the ]teS to th¢ financiR] statement8. IK)NATIOF4S AND LEGACIES 2024 2023 Donations 21.000 4J14 INVESTMENT ENCOD[ 2024 21y23 R¢nts Te¢eivwJ 161,947 ,400 n¥COME FROM CHARITABLE ACTIVITIES 2024 2023 Wcllbeillg Total pmgrammes ac*iviue5 W¢llbeiDS programmes 24,123 54,011 (YrHER INCOME 2024 2023 Sale of goodwill ad asseÉS 166,031 CIIARITABLE AcfiYiTIES COSTS Dirtct Cost5 (See note 7) Wellbeing proMMS 213.738 DIRECT COST5 OF C&iARITABLE A[VITIEs 2024 2023 1,220 29,743 102,767 2,251 ' 42,094 118 122 4,803 3,856 161 17,520 1.258 63 492 21,445 30,500 (5,427) 61,105 16,009 236 5.473 &078 1,707 58.100 1946 IJ05 Light and h¢at Rent Wages Food and drink Post and stationery Trayelling Repairg and rellewals Cleaning DollatiO])S Sundry oypenses C4rdandba1 ¢hurge8 Carri¢d fomrd 205,976 204,969 Page 10
BRI NOTES TO T R THE YEAR ENDED 31 OCTOBER 2024 DIRECT COSTS OF CHARITABLE ACTIVITIES- Cont[Thed 2024 2023 Brought forward Website development- Advertith8 205,976 4,390 1,917 72 244 204.969 7.535 2,354 3,199 533 590 59 l.167 28.833 Licen¢¢s SubscriptioDs EquiPent rentsl Eveut costs Managwn¢nt services I,139 213,738 249,239 NET cOmE/{ExpEr4D[rURE) N¢t incornel(expendLture) 1$ Slated after Charging1(¢rlI7ng). 2024 2023 Depreciation - owned a8se18 tndependent examination (tELchlng VAT) 1,139 1,800 28.833 1,800 TRUSTEES, REMUNERAYION AND BENEFrts There were bYste&s' remuneration or othe¥ ben¢ffts for the year ended 31 October 2024 Jr foT the year ended 31 OctobeT 2023. Trustees, expen5 Th¢re were no tru5tees' ¢xpeDses paid for the year Qnded 31 O¢tob¢r 2024 nor for the ye8T ended 31 (ktober 2023. STAFF cOs Staff cosis dwing the yearwu¢ ai follows". 2024 2023 Wage5 and salaries ED)ploy national insurance Employe pellslon ¢ontrll)utiOLIS 41,050 4,410 1.044 56,611 4J65 5.958 The UWDber of employ¢49, based h¢adcouDL durÈng the year was l {2023: 4). The charity consider5 its key mauagem¢ntpersonTrel to be the trust¢es. No trusttt receiY¢d any r¢tnunerati¢)J) or bBnefrts from the ¢h8rity. Page 11
THEC TES TO THE FINANCL4 RTHEYE EMENTS- eontlnlled BER 2024 Al. COMPARATIVES FOR TRE STATEMENT OF FINANCtAL ACEIVITIES Unrestricted INCOME AND ENDOWMENTS FROM Donatiolls and legacies 4,314 Charitable &ctiviÉws Wellbein8 programe5 54,01 I ¥¢sIDLent tnmo Other 54,4 l66,031 Total 278.756 EXPENDITURE ON Charltsble actlvltles Wellb¢ing prOglne9 249,239 NET INCOME 29,5 17 RECONCILLITION OFFUNDS Total funds brought f¢)Thvard 233,485 TOTAL FUNTKS CARRIED FORWAIID 263,002 12. TANCIBLE FIXED ASSEIS Flxwres alld fitrings SILOrt leasehold PlallÈ and equipment Totals COST At l November2023 AdditiotLS 383,447 23,897 12,Q15 970 420.329 49 At 31 October 2024 383.447 23,897 12.064 970 420J78 DEPRECIATION At l Noyejnber 2023 Chatge foryear 125,805 758 18.767 513 9,279 278 887 (410) 154,738 1,139 At 31 Octob¢r 2024 126.563 19,280 9,557 477 lJ5,877 NET BOOK VALUE Ai 31 October 2024 250,884 4,617 2,507 493 264,501 At 31 October 2023 257,642 5,130 2,736 83 265,591 Pa8e 12 contÉnued..
TAE CIRCLE BIUCHT N LIMITED TES TO THE FII¥ANCIAL STATE11ErS- eont FOR THE YEAR ENDED 31 OoBER 2024 13. DEBTORS: AMOU]Yrs FALLIL¥G DUE WITHll¥ ONE YEAR 2024 2023 Trade d¢i*ors 214 CREDITORS: AfvJOUNTS FAILL¥4C DUE WITHIN ONE YRAR 2024 2023 Trade creditors So¢iat securtty and0trtsXes VAT 0thor¢reditors Accrned expenses 1,773 731 496 6.181 1,8(KJ 1,959 6,181 10,622 10,9BI 15. MOVEMEfqT TN FUNDS N¢t At 1.11.23 movement in funds At 31.10.24 Unrestrieted fund5 General fimd 263,002 (6,668) 256,334 TOTAL FUNDS 263.002 {6,668) 256J34 Net movement in fttnd4 included itLthe above as foiioDs: Incoming Resources expertd¢d Movem¢nr in funds Unrestricted funds Genernl fid 207.070 (213.738) {6.668} TOTAL FUNDS 207.070 (213,738) (6.668) Cottparadves for movemellt th funds Net movement itL fimd5 1.11.22 31.10. Unrestrieted funds Getter&] nd 233,485 29,517 263,002 TOTAL FUNDS 231,485 29,517 263,002 Pa8e IJ ¢ontinueiL..
THE CIRCtI BRICHTON LIMrrED NOTES TO THE FINANCIAL STATEMENTS- CODtiDu¢d FOR THE YEAR ENDED 31 OCTOBER 2024 i& MOVEMENT IN FUF4DS- continued Comparative net movement ill funds, inGlUd in the above &e as follows.. Resources eXthd MoYellLent ill 6J])ds resources Unrestrlcted funds General fid 278,756 (249,239) 29,517 TOTAL Fuf4DS 278.756 (249239) 29,517 16. RELATED PARTY DISCLOSURES City Gateway Developmertt LSmlted During the year the chatity paid rellt 01£102,767 (2023: £30.500) to CtyGateway Development Limtt¢d. The also paid £nil {2023: £50,633) to City G&t¢w&y DevelopmentLitt]it¢d for building works. At 31 Ottober 2024, a balance of £nil (2023: £nil) was owed fo Cty Gat¢w Developrn¢rLt Lin)it¢d. City Gateway Dev¢loptnent Limited is actsmpanycontrolled by F GhiaGi. EquanÉra Limited During the year the charity Putthd mawenLent services of £ntl (2023: £9,167) from Equ Limited. At th¢ time, F Gbiaci. a Trustee of The Circle Brighton Limite4 was tb¢ sole dwe¢tOT and joint shareholder of Equantra Limited. Clrele Hollstie Health Cllnlc Llmlted Dlt)g the year the charityT¢c¢ived donations of ,316 (2023.. £4,316) from Circle HolisttB Hmlth Clijjic Limited. Cir¢le Holistic Health Clinic Lirnited was a lo/0 subsidiary of The Circle BrÈghtOYL Limited. Circle Holisii¢ Heath Clinic Limited cvascd ttade on 30 April 2023 and the ba]an¢e of £3.850 th&t had been owed to tho ¢lwity w&$ ld b8¢k alons with the shar¢ Capital of £2. Circle Holistic Health Clinic Limiied h&8 since been dissolved by voluntary strke off. At 31 October 2024 a balanc¢ of £nil (2023.. £rri1) was owed by Circle Holisti¢ Health Cltnic Lirnit¢(L Notsbr81 Heahh Serv1¢¢ Llmltsd As at 31 October 2024 £1,705 (2023: £1.705) 0S owed to Natural Hea]th Service Lilted F Gbiaci 15 Ihe sol¢ dir¢¢tor of this comwiy. F Ghioci As at 31 Q¢tober 2024. £4.475 (2023: £4.475) owed to F Ghiaci. a Trnstee of The Circle BIigbion LÉmited. 17. ULTIMATE CONTROLLING PARTY The ultimate controlling partieÈ ore the directoIt$t¢ of company Page 14
CIRCLE BRIGHTON LITED NOTES TO THE FINANCIAL STATEMENTS- continued FO E YEAR ETrIDED 31 OCTOBER 2024 18. SHARE CAPITAL Thé COrnFd]w is limited by gLh*arnee not having a shar¢ capital. ID the eY¢nt of the compuAy being dissolved each member 18 liable up a maximum of £10 towards th¢ cosl of di55dution and liabilities incutTed by the conwany while h&she was &membw. 9. DISSOLUTION Inthe evejtt of a disso]lltion of the Charity the netessets of the Charity. aftet all its debts 2nd liabiiiti¢s have been pas or provision ha9 beenjnade for th¢m, sl)aLI be applied or transferred itLone or more of the followin8 ways: a) Directly for the ObjecEs: or b) By transfrr to ally eharity or cbarilies for PUTposes similar to th¢ object or c) To any cknity or charities for use fot partitar PULposes that fall within the Obje¢ts. Page IS