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← Brighton Marina Studios

2025-06-30-accounts

Charity registration number 1153513 (England and Wales)

BRIGHTON MARINA STUDIOS

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

BRIGHTON MARINA STUDIOS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms Annelies White (Chair) (Appointed 31 December 2025)
J Ramachandran
H Cavanagh
P McGeough
D Bennett
Charity registration England and Wales 1153513
Principal address Marina Studios
11 Mermaid Walk
Brighton Marina Village
Brighton
BN2 5WA
Independent examiner Darren Harding ACA FCCA DChA
Richard Place Dobson Services Limited
Ground Floor
1-7 Station Road
Crawley
West Sussex
RH10 1HT

BRIGHTON MARINA STUDIOS

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 16

BRIGHTON MARINA STUDIOS

TRUSTEES' REPORT

FOR THE YEAR ENDED 30 JUNE 2025

The trustees present their annual report and financial statements for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

Brighton Marina Studios (BMS) was founded in August 2013 as a Charitable Incorporated Organisation and is referred to as Marina Studios Foundation to bring its charitable objects and aims to the fore and to bring clarity to the various brands and partnerships within its portfolio. BMS continues to work closely with DanceHub CIC its formal delivery and operational partner with whom BMS is an asset linked shareholder and founder.

The objects of BMS are:

  1. the promotion of performing and visual arts in all their forms for the benefit of the public including (but not limited to): (a) the provision of facilities for rehearsing and staging performances for the benefit of the public;

(b) the education and training of the public in arts production and management; and

(c) the education of the public in the appreciation and understanding of the performing and visual arts in all their forms.

  1. the advancement of education for the public benefit in order to enable people to become leaders in their chosen profession / subject, in particular but not exclusively in the subjects of art and sport.

BMS Aims:

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

BMS continues to work hard to achieve its objectives and aims to change lives through Dance and Movement and providing opportunities and solutions for those who would not otherwise be able to access them.

With its partners DanceHub, BMS has continued to drive its Inclusion Mission to ensure everything they do is as inclusive as it can reasonably be, from the physical studios, the projects and programmes they deliver, to the upskilling of the workforce and advocacy to the sector.

Adjustments have been carried out at the Studios to make them more inclusive and accessible which was complimented by continuous adaptive training for the teachers and inclusion training for the workforce and volunteers.

Financial challenges have continued to challenge BMS, which have been managed by working closely with partners and focusing the operation on core activities.

page 1

BRIGHTON MARINA STUDIOS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025

Financial review

Funding and partnership work that compliments earned income continues to enable BMS to maintain a viable proposition. Trustees are satisfied that there are no going concerns for BMS.

Going concern

The Trustees confirm that no trustee is a custodian of any funds.

· Daran Bennett - Chair (in this period) & Trustee - provided consultancy services during this period.

Reserves policy

The Trustees continue to work towards building reserves to a level in line with policy aims, whilst maintaining a sustainable operation.

Major risks

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

Governing document

Brighton Marina Studios is a Registered Charitable Incorporated Organisation (CIO). Established by a CIO foundation constitution on 22nd August 2013.

The trustees who served during the year and up to the date of signature of the financial statements were:

Ms Annelies White (Chair) (Appointed 31 December 2025) M Ashby (Resigned 31 December 2025) J Ramachandran H Cavanagh P McGeough D Bennett

Recruitment and appointment of trustees

Trustees are continuing to ensure the original intentions and objectives of BMS are maintained within an independent, transparent and suitably governed organisation.

Additional Trustees will be recruited when appropriate to bring on board new skills.

The trustees have formally met at regular intervals during the period with minutes recorded including actions and agreements.

Organisational structure

DanceHub CIC has been assigned a number of delivery and operational activities under the partnership agreement.

Other matters

Governance Code

BMS aligns to the Code of Sport Governance Tier 2a as required by Sport England and are ensuring that all expectations of that code are met.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

page 2

BRIGHTON MARINA STUDIOS

TRUSTEES' REPORT (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

Supplier payment policy

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

The trustees' report was approved by the Board of Trustees.

==> picture [145 x 36] intentionally omitted <==

D Bennett Trustee Date: .............................................30/04/2026

page 3

BRIGHTON MARINA STUDIOS

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BRIGHTON MARINA STUDIOS

I report to the trustees on my examination of the financial statements of Brighton Marina Studios (the charity) for the year ended 30 June 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Darren Harding ACA FCCA DChA

Richard Place Dobson Services Limited Ground Floor

1-7 Station Road Crawley West Sussex RH10 1HT Date: ............................30/04/2026

page 4

BRIGHTON MARINA STUDIOS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 JUNE 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income and endowments from:
Donations and legacies
3
7,212
979
Charitable activities
4
142,142
36,805
Other trading activities
5
510
-
Investments
6
30,140
-
Other income
7
1,213
-
Total income
181,217
37,784
Expenditure on:
Charitable activities
8
252,002
17,524
Total expenditure
252,002
17,524
Net income/(expenditure)
(70,785)
20,260
Transfers between funds
22,970
(22,970)
Net movement in funds
9
(47,815)
(2,710)
Reconciliation of funds:
Fund balances at 1 July 2024
66,166
25,621
Fund balances at 30 June 2025
18,351
22,911		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
8,191
7,493
-
178,947
142,682
133,538
510
776
-
30,140
47,519
-
1,213
726
-
219,001
199,196
133,538
269,526
215,557
93,311
269,526
215,557
93,311
(50,525)
(16,361)
40,227
-
75,000
(75,000)
(50,525)
58,639
(34,773)
91,787
7,527
60,394
41,262
66,166
25,621		 Total
2024
£
7,493
276,220
776
47,519
726
332,734
308,868
308,868
23,866
-
23,866
67,921
91,787

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

page 5

BRIGHTON MARINA STUDIOS

BALANCE SHEET

AS AT 30 JUNE 2025

2025
2024
Notes
£
£
£
Fixed assets
Tangible assets
13
61,187
Investments
14
25
61,212
Current assets
Debtors
15
49,789
76,236
Cash at bank and in hand
7,183
11,532
56,972
87,768
Creditors: amounts falling due within one
year
17
(27,342)
(63,466)
Net current assets
29,630
Total assets less current liabilities
90,842
Creditors: amounts falling due after more
than one year
18
(49,580)
Net assets
41,262
The funds of the charity
Restricted income funds
19
22,911
Unrestricted funds
20
18,351
41,262		 £
72,985
25
73,010
24,302
97,312
(5,525)
91,787
25,621
66,166
91,787

30/04/2026 The financial statements were approved by the trustees on .........................

==> picture [133 x 32] intentionally omitted <==

D Bennett Trustee

page 6

BRIGHTON MARINA STUDIOS

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

Charity information

Brighton Marina Studios is a Charitable Incorporated Organisation. The principal address is Marina Studios, 11 Mermaid Walk, Brighton Marina Village, Brighton, West Sussex, BN2 5WA.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Donations income consists of donations received and voluntary admissions income received.

Charitable activities consists of dance studio income which included subscriptions income and term fees.

Investment income consist of interest received from the bank and rental income for the use of Studios.

Income from other trading activities comprises income earned from the sale of goods and services which are not classified as income from charitable activities.

Other income consists of insurance claim income, and other small non trading activities.

page 7

BRIGHTON MARINA STUDIOS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements Straight line over the lease period. Plant and equipment Straight line over 3 or 4 years.

1.7 Fixed asset investments

Fixed asset investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in net income/(expenditure) for the year.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

page 8

BRIGHTON MARINA STUDIOS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

1 Accounting policies

(Continued)

1.9 Taxation

The charity is exempt from tax on its charitable activities.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
7,212
979
Income from charitable activities
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Dance studio
Donations and grants
41,000
36,805
Class fees
46,711
-
Subscription income
54,351
-
Other income
80
-
142,142
36,805		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
8,191
7,493
-
Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
77,805
43,908
133,538
46,711
49,770
-
54,351
49,004
-
80
-
-
178,947
142,682
133,538		 Total
2024
£
7,493
Total
2024
£
177,446
49,770
49,004
-
276,220

4 Income from charitable activities

page 9

BRIGHTON MARINA STUDIOS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

5 Income from other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Sale of merchandise and gift cards 510 776
6 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Rental income 30,080 47,143
Interest receivable 60 376
30,140 47,519
7 Other income
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Other income 1,213 726

page 10

BRIGHTON MARINA STUDIOS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

8 Expenditure on charitable activities

Dance studio Dance studio
2025 2024
£ £
Direct costs
Depreciation and impairment 11,798 2,952
Direct costs 79,438 149,611
Fundraising expenses 30,100 7,750
Rent, rates, light and heat 48,140 49,977
Insurance 4,325 3,708
Office expenses 3,388 2,710
Travel expenses 117 453
Administration expenses 35,460 22,650
Repairs and maintenance 802 1,548
Advetising 34,467 32,050
Subscriptions 3,734 4,549
Bank charges 3,235 4,190
Cleaning expenses 7,469 7,072
Sundry expenses 3,013 1,261
Professional services and fees 4,040 18,387
269,526 308,868
Analysis by fund
Unrestricted funds 252,002 215,557
Restricted funds 17,524 93,311
269,526 308,868
9 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements 1,836 1,800
Depreciation of owned tangible fixed assets 11,798 2,952

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year for being a trustee, please see the related party note for further details.

Expenses paid to trustees are listed in note 23 of these accounts.

page 11

BRIGHTON MARINA STUDIOS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

11 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

13 Tangible fixed assets

13 Tangible fixed assets
Leasehold Plant and Total
improvements equipment
£ £ £
Cost
At 1 July 2024 134,426 21,056 155,482
At 30 June 2025 134,426 21,056 155,482
Depreciation and impairment
At 1 July 2024 61,956 20,541 82,497
Depreciation charged in the year 11,546 252 11,798
At 30 June 2025 73,502 20,793 94,295
Carrying amount
At 30 June 2025 60,924 263 61,187
At 30 June 2024 72,470 515 72,985
14 Fixed asset investments
Other
investments
£
Cost or valuation
At 1 July 2024 & 30 June 2025 25
Carrying amount
At 30 June 2025 25
At 30 June 2024 25

page 12

BRIGHTON MARINA STUDIOS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

14
Fixed asset investments
Other investments comprise:
Notes
Investments in associates
24
15
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
Amounts falling due after more than one year:
Amounts owed by associate undertakings - Intercompany balance with DanceHub
Total debtors
16
Loans and overdrafts
Bank loans
Payable within one year
Payable after one year
17
Creditors: amounts falling due within one year
Notes
Bank loans
16
Trade creditors
Accruals and deferred income		 (Continued)
2025
2024
£
£
25
25
2025
2024
£
£
2,300
1,557
14,366
2,426
16,666
3,983
2025
2024
£
£
33,123
72,253
49,789
76,236
2025
2024
£
£
8,436
11,500
5,500
6,000
2,936
5,500
2025
2024
£
£
5,500
6,000
7,282
11,870
14,560
45,596
27,342
63,466		 (Continued)
2025
2024
£
£
25
25
2025
2024
£
£
2,300
1,557
14,366
2,426
16,666
3,983
2025
2024
£
£
33,123
72,253
49,789
76,236
2025
2024
£
£
8,436
11,500
5,500
6,000
2,936
5,500
2025
2024
£
£
5,500
6,000
7,282
11,870
14,560
45,596
27,342
63,466
2024
£
1,557
2,426
3,983
2024
£
72,253
76,236
2024
£
11,500
6,000
5,500
2024
£
6,000
11,870
45,596
63,466

page 13

BRIGHTON MARINA STUDIOS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

18 Creditors: amounts falling due after more than one year

Creditors: amounts falling due after more than one year
Notes
Bank loans
16
Trade creditors
Other creditors		 2025
£
2,936
46,619
25
49,580		 2024
£
5,500
-
25
5,525

19 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 July 2024 Incoming Resources TransfersAt 30 June 2025 TransfersAt 30 June 2025
resources expended
£ £ £ £ £
BMS Restricted 689 30,162 (7,716) (22,970) 165
BMS Y.E.S. Restricted 24,730 7,622 (9,808) - 22,544
Inclusion Project 202 - - - 202
25,621 37,784 (17,524) (22,970) 22,911
Previous year: At 1 July 2023 Incoming Resources TransfersAt 30 June 2024
resources expended
£ £ £ £ £
BMS Restricted 4,944 26,271 (30,526) - 689
BMS Y.E.S. Restricted 14,387 32,268 (21,925) - 24,730
Inclusion Project 41,063 74,999 (40,860) (75,000) 202
60,394 133,538 (93,311) (75,000) 25,621

BMS Restricted and BMS Y.E.S. Project Restricted relate to a number of small grants to deliver projects at various locations. The transfer in the year represents expenditure incurred, such as staff cost and marketing being posted in full to unrestricted codes with relevant amounts relocated to restricted funds in line with agreed grant funding expenditure. These also includes contributions to core costs and project management.

Inclusion project relates to grant received from Scope CAF fund and Veolia to refurbish the physical studios making them more accessible and to develop workforce training programmes as part of the Inclusion mission.

page 14

BRIGHTON MARINA STUDIOS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

20 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2024 At 1 July 2024 Incoming Resources TransfersAt 30 June 2025 TransfersAt 30 June 2025
resources expended
£ £ £ £ £
General funds 66,166 181,217 (252,002) 22,970 18,351
Previous year: At 1 July 2023 Incoming Resources TransfersAt 30 June 2024
resources expended
£ £ £ £ £
General funds 7,527 199,196 (215,557) 75,000 66,166
Analysis of net assets between funds
Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 30 June 2025:
Tangible assets 61,187 - 61,187
Investments 25 - 25
Current assets/(liabilities) 6,719 22,911 29,630
Long term liabilities (49,580) - (49,580)
18,351 22,911 41,262
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 30 June 2024:
Tangible assets 72,985 - 72,985
Investments 25 - 25
Current assets/(liabilities) (1,319) 25,621 24,302
Long term liabilities (5,525) - (5,525)
66,166 25,621 91,787

21 Analysis of net assets between funds

page 15

BRIGHTON MARINA STUDIOS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2025

22 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows:

Within one year
Between two and five years
In over five years		 2025
£
34,000
136,000
8,500
178,500		 2024
£
34,000
136,000
42,500
212,500

23 Related party transactions

Daran Bennett, Chair & Trustee, provided consultancy services during the reporting period and received £500 (2024: £12,000) for this service. He was also reimbursed £120 (2024: £345) for travelling expenses.

Patrick McGeough, Trustee, was reimbursed £nil (2024: £50) for travelling expenses.

Joanne Ramachandran, Trustee, was paid £nil (2024: £80) for providing services to the charity during the reporting period.

Daran Bennett and Martin Ashby who are trustees of the charity are also directors of DanceHub CIC. BMS holds 25 shares in DanceHub CIC. At 30 June 2025, DanceHub CIC owed BMS £33,123 (2024: £72,253).

Brighton Marina Studios paid Funding People CIC £8,823 (2024: £13,915) for grant writing services. Daran Bennett is a director of Funding People CIC.

24 Associates

These financial statements are separate charity financial statements for Brighton Marina Studios.

Details of the charity's associates at 30 June 2025 are as follows:

Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
DanceHub CIC United KingdomCommunity Interest Company Ordinary 25.00 -

page 16