RECISTERED CHARrrY NUMBER: 1156051 CHARITY OMMISSION EPORT OF TRUS AND NAUDITE FINANC TATEMEN FOR TH YEAR EN ED3LD EMB R202 FOR BRIG NOPE A TR THEATRE FI CRT Limited Flat 24 Wellingtonia Court Laine Close Brigbton East Sussex BNI 6TD
BRIGHTOIY OPEN AIR THEATRE CIO CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Report of Ihe Trnstees 1 10 5 Independent Examinerl$ Report Statsmenl ofFinaD¢ial Actlvlti¢s Balance Sheet otes to the FiDanelAI Statem¢nts 9 to 16
BRIGHTON OPEN AIR THEATRE cio REPORT OF THE TRUSfEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their rq)ort wilh the financial statements of the charity for the year 31 December 2024. The trustees have adopted th¢ provisions of Accoimting and Reporting by Charities: Statemert of Recommended Practice applicable to charitAes preparing their accoill)ts in accordance with the Financi RewrtRDg Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019k OBJECTIVES AND AcTIlEs Objectlves and aims Biighton Open Air Theatre ha5 beffl egablisbed in order to create Brighlon and Hov¢,$ frst d¢di¢ated open air park theatre venue. Our charitable aim is "The advancement of arts and ¢ulture thmugh the e5tablithmenl and m8intenan¢e of an open air th¢atre in Brighlon and Hove for th¢ use of residents and visitors. Our objectives ore: l. To create a unique new cuhural venue for the cty that ensures the bigbest possibl¢ production perEomance and exhibition and wbi¢h diversifi&s the type of WO that can be enjoyed in the open air, 2. To work with the City's festivals, prOamerS and curators to attract high quality touring prOdtiOnS and events. 3. To create a ¢onxnuDity of local artists and practitioners tbat make new wort( for the opeD air. 4. To engage with the local community to provide a platfo for cuitlwal a¢tiviry and for creative learniThg. 5. To bring an under used opeD spa¢e back to lift &8 a vibrant green ¢ultural facility. values for outdoor Publle benellt Tbe trustees CODfirm that they have referred to the guidance contained in the Charity Coromission'9 general guidan¢¢ on public benefit wben reviewing the Clwitys aims and obje¢tives and iti the planDin8 of fuiure activities. Tbe trustees believe that the para8fdphs, specifically on the Y)bjectives and Activities, and 'AchievenJents and Perforrnance, for the year r¢latC ID detsil the benefrt that the Charity provides to the publi¢. Page I
. BRtGHTON OPEN AIR THEATRE cto REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECETrIBER 2024 Charitable aclivitiey From January to ApriL extcnsive work w&8 carried out on site to replace all the wooden slerS in the auditorium with sustainably sourced oak slewer5, which sbould l&st 25+ yws. We also created Deiw wheelcbair space&, which raised our wheelthair capacity to 8. Tn addittoo we invested in replacing most of the on-site pathwa with a recycl¢d plastic resin. Tbis was done to improve a¢ce&8&)iiity and reduce run-off on to the stsge during heavy rai The pathways were onstNcted by Oltco. A big change onli)Je transferring tick¢ting platforn. from Ticketsource tt) Ticketsolve. Ticketsolve allows far more flexibility and a greater scope for analysi5. Ticketsolve facilitates control of all Corr¢spotnCe that goes out to rustom¢rs and offers fimctionality to sell Gift Vouchers and baT PTe-sales onSiDe. In future, we cao sell merchandise and introduc¢ a FrieJ]ds or Membership s¢hellK. It is generally a far njore sophisticed $ystenb and is essentially cost-neutral lo as we pay for it via a booking fee passed on to the custs)mer (as was ihe case with Ticketsourre). The season began OD the first weekend of May. This was all anniversary year, being BOATS tenth season. To mark the o¢¢a8ion, we collaboraied wilh Brighton Little Tbeatre - a mainstay of all of BOATS summer seasons - to produce a revival of Adrian BuDting's most famous play, Kemble's Rioi. This production opeDed th¢ season an4 Considering ivs not a knowll titl¢ to n)ost people, sold renjarkably well. Throughout May we hosted Brighton Ftinge sbows drawinbi in audiences of a]1 sizes but Dot helped by aD Ullgeasonally cold month. Tbe fu)al week of May saw us bost Hornestead and a doub16 bill by Rogue Sbakespeore, which colle¢tively drew good numbers. Our spokeft word highligbt for May was the Poetty Slam. In June we bad success1 rung of As You Like It from DDke's Theatre Co and The Vicar of Dibley froD] Brighton Llttle Tbeatre, as well as our always-popular Summer Comedy Festival from Funny That Comedy. As alway8, the bi8 names sold out quickly (Romesh RaDganathan in record time). The Sounds of Maricy brou¥bt to us by Africgn Night Peyer along with some tasty Jamaican food was Iwgely popular. At the eJMI of June ive had 4 perf0mnCeS of HOllbIe Historics which 501d well. but due to the higb c4)sts illvolved we may nol be able to include this show goillg ftjrward despits ils popul8rity. July saw plenty of solid success with theatrical runs of Brief Encounter, The CouDt of Monte Cristo, Julius CSr and Present Laugbter. As the sutnmer holidays apPrhe<L we the usual big Pride weekend with Drag in the Park and & Queen tribthe show bringiDg in big numbers at the box office ar the bar. The Test of August was 4 mixed bag, with solid returns foT Oliver Twist and Jeeves and Woostw. As ahvays. tbe th¢atre and family shows were Supplemented by bands, which t¢nd to always perfomi well financia Septembefs PTogfamme included more ShAkespeare. fatnily shows and nwsic iDcludin8 a MotoMD show which out audien¢¢s lov¢ and always thow their aPpclattOn with plenty of daD¢Ang. FllYANCIAL REVtEW Flnanclal p)sltioTr The r¢sults for the year are set out in the Sietnent of Financial Aclivitie3 and th¢ fuwicial position of the rb8rity at the year elld is 5b0%l in the Balanc¢ Sheet. The ac¢ouDt5 cover the year eoded 3 Ist DecnttKr 2024 - the ¢onw8rative amounts are for the period 6th April to 3 1st December 2023. The chority income IDaSed from £400,465 to £450278 and exJ)enditure in¢reased from £360,735 to £444,688. The charity made a surplus on uDr¢stri¢t¢d actrvities of £8,800 (2023 . fA2,138) and this bas been added to the reserves brought forward of £336,136 to leave £344936 to carried fOrr Reserves polley The Truslees have set llp a designated reserve of £63,(N)O to cover the cost of future ¢081 repairs, namely seatitl8 replacemem and resin paviDg. This is equivalent to almost all of the money beld at the bank at tbe year #nd. The Tnjstees will endeavour tr) D)aiDtain reserves of IiP/o of DThover in to pyotect against unexpected losses or cashflow issues. PagE 2
BRIGHTON OPEN AIR THEATRE cio REPORT OF THE TRUSTEKS FOR THE YEAR ENDED31 DECEMBER 2024 FUTURE PLANS The Trnsts¢s wi]] continue to invest the majority of SUrph generated into improven)ent of the BOAT Site and Facilities. We plan to consolidate our progr80g with a range of shows to ap]al to as wide an audiettce as possible. We are begitmin<7 to succeed in attracting a more diverse audience and aim lo extend our reach through outreach programmes plus diversity of the tYS of shows w¢ hosL STRUCTURE, GOVERNAIYCE AND MANXGEMENI Governing document Brighton Operl Air Theatre is a CIO (incorported on 6 Marcb 2014 by the Charity Con]mission) registered Charity number 1156051. Its goveyning documeDÉ is ils Tnst Deed dated 6 March 2014. Recrultment and Appolntmenl of new trustteg The number of ttwstees shall be at least 3 and the mlmU number is 12. The first treeS are appointed for a period of 415 yearg gubsequejrt 1niste4s are appoiNted for a term of 3 years by a resolution passed at a properly convened mL%ting of the chlty trustees. R15k manfigemelll The Trust¢es tak¢ seriousty their duty to identify review the riskT to wbi¢h the cbarity is poientially exposed gnd to onsure appropriate controls are iti place to provide reasollable assujtnce agaitisr potential risks includitig injury or oth¢r bann to peTs0 finaneial fraud andlor emir.. repufational dam88e. There is a Finances procedu Policy in place that is regularly Teviewed by a Finan¢e sub-comrnittce CQllSl8ting of no less than Ihrte Trustees. Reviews iticlude sign offiapproval levcls for exndItuTe& adequacy of Reserves and planned annual ¢xpendAÉure. The BOATS Accouttts are revicw¢d annualty by an Jndependcnt Examiner. A Prcmises sulTrcon)mittee regularly surveys the whole Site 8nd considcr5 infornution from the OpeTations and General Managers on bazards. Maintenance and tentIal health safety i&8ues and organises any necessary Temedial workg. The Operations and Gencral M8Dagers prepare PTtrseason Risk A&sessrneDts for the venue with full consideration of the wide-spectrum of audience needs with particular reference to aeSS. Risk Ass¢ssments are produced by the p¢rforn)ers for each new p¢rfornianc¢ theo revi¢wed by the BOAT Managers. At 1th8t one qualifid First Aidef i5 presènt aÉ every performance. we have implemeDted a new )11¢Y of &8sessingF each show fof the risk of disruption audien¢¢ mpmbers. Where th¢re is deem¢d to be a risk, professional Security personnel are engaged for the event. Security is also in place when a sbow requir¢s the set equipment to be left in situ ovemiglJL Th¢ BOAf$ insuranrt is reviewed and renewed annually. REFERENCE AND ADMmisTRATIVE DETAItS Registered Chartty number 1156051 Prinelplll address 42 Hove Park Road East Sussex BN3 6LJ Page 3
' BRIGirroN OPEN AIR THL4TRE cio REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees S Turn¢r chairnl L Wolfe S Bradley (resigned 22224) J Waller Chief Executive G Hawkins D Boon Independent Examiner Christopher Rob¢rt Tyler FCA tKhA FCLE FI CRT Lirniled Flat 24 Wellingtonia Court Laine Llose Brighton East Sussex BNI 6TD Working name BOAT Operatioll oddre Dyk¢ Ro8d Hov¢ BTrJ3 6bH B8nkors The Co-operalive Bank PO Box 101 l Ballaon StTeet MEC1L¢Stcr M60 4EP SantAlldcr UK PLC 2 Tritoll SqL(are Regent's Pla¢¢ Lolldoo NWI 3AN STATEMEIYT OF TRUSTEES. RESPONSIBILMES Tbe ttustees are responsibl¢ for preparing the Report of the Tn and the financial stalements in COrdanCe with applicable law and United Kingdom Accounting Stalldard8 (United KI¥dOM GeDeTally Acceptsd Accounting Practic£). The law applicable to cbarities in England and Wales, Ihe Charities Act 2011, Cbarity (Acwwits and R¢port5) Regulations 2008 wid the provisions of tbe trnst deed r¢quires the Inistee5 lo ware fLnancial st&tement5 for each financial y¢8r which give a true and fair view of the state of affairs of the cbarity attd of th¢ incon]ing resouT¢¢S and application of resources, including tbe in¢ome and expenditure, of the cbarity for that perio& In preparin8 those financial &tatementy th¢ trustees are required io select suitsbje a¢wunting policies and then apply them con5iSt¢ntty: observe ihe methods and prineiples in the Charity SORP. make judgements aDd estimates that are reasonable and prud¢nL prepare th¢ financial swements on the going ¢oncern basis Lnless it is inappropriate to presume that the charity will cotstinue in business. The trustees are respons17yle fot keeping proper accouthg records which disclose with reawnable a¢curacy at any time the fuclaI position ofthe charity and to enable them to ensure that the financial gtatements comply with the Charities Art 2011, Ihe Charity (Accouots and Keports) Rcgu]ations 2008 ond the provisioDs of the trust deed. They are al80 r¢spon5ible for safeguwdiDg the 8&sets of the charity and hence for taking reasonablc steps for the PTevention and det¢ction of fraud and oth¢r irregularitie& Page 4
"BRIGHTON OPEN AIR THKATRE ao REI PORT OF THE TRusfEES FOR THE YEAR ENDED 31 DECEMBER 2024 Approved by order of tbeboardofltustees on ............................. .. and signed on its be]lf by: - Tn]st¢e Page 5
INDEPENDEIYT EXAMtNER'S REPORT TO THE TRUSTEES OF BRICHTON OPEN AIR THEATRE Independellt examiller report to the trnstees of Brighton Open Air Theatre (CIO) I report to the charity trustees on my eXaMinlOn of the accounts of Bri¥)ton Open Air Theatre (CIO) (Ihe Trust) for the year ended 31 Decemkn 2024. Responsibilities and b8si¥ of report As the cbarity trustees of the Tn you are responsible for the preparation of the aceounts in accordallce with the Tequirements of the Charities Art 201 I Acrfl. I report in respecl of my examifj&ioll of th¢ Trusvs accounts carried oul under Section 145 of th¢ Ad and in carrytllg out my exatnination I bave ftillowed all applicabk Directions giv¢D by Ib¢ Charity Commission uThd¢r Section 145(5)(b) of the Act. Tndependent examiD¢f'S ststement Sin¢e your cbarity's gTOSS income exceeded £250,CKiO your exan)iDer must be a member Df a listed body, l can conf that l anl qualifi¢d to undertake th¢ exam1ttion because T 8m a member of th¢ Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confuTh that no material lltter5 have come lo my attention in )neCtion with the eXamItion giving me cause lo believe that in any matsrial respecL CCOUDtiDg records We not kept in respect of the TrSt as required by Se¢tioD 130 of the ACL. or the ac¢ounts do noi a¢¢ord wlth those re¢ords' or th¢ accoullts do not comply with the applicable requirements concerning the forni and conlent of account5 set out in the Charities (A¢¢ounts aDd Reports) Regulatiiins 2CK)8 other than any requirement thai ihe &CCDiints give a true and fair view which is Dot a matter considered as part of an indepelldent ¢xamiDalion. I hav¢ no concerns and have come acro&s no other matter5 in connection with the eMmlnation to whith attention ghoukd be drawn in thi5 Teport in order to enable a proper UndSnding of the accounts to be reach¢d. Chtistoph¢r Robert Tyl¢r FCA DChA FCtE FI CRT Limited Flot 24 Wellingtonia Court Laine Clos¢ Brighton East Su55ex BNI 6TD .Date: ... Page 6
BIUGHTON OPEN AIR THEATRE STATEMENT OF FINANCKAL AcrivrriES FOR THE YEAR EIYDED31 DECEfvfBER 2024 Period 6.4.23 Year Ended 31.12.24 Total 31.12.23 Total funds Unrestricted funds Notes tNCOME D ENDOWMENTS FROM Donations and legacies 21,042 21,042 22,881 Charltable activities Theatre TeveJ)ues 427.600 427,600 376,948 Investment 1,636 1,636 636 Total 450278 450,278 40Q,465 EXPENDTfuRE OLY Raising funds 13,950 13,950 5,753 Charltabk aetivitles Theatr¢ costs Support costs 426,778 750 3,210 429,988 750 354,262 720 TotAI 441.478 3210 444,688 360,735 LYET TNCOMEI(ÈXPENDITURE) 8,800 (3210) 5,590 39,730 RECONCILIATION OF FUNDS Total fluids brought fonyard 336.136 52.150 388.286 348,556 TOTAL FUNDS CARRIED FORWARD 344,936 48,940 393,876 388,286 Th¢ tteS fonn part of these fll)ancial 51atem Page 7
BRIGHTON OPEN AtR THEATRE cio BALANCE SHEET 31 DECEMBER 2024 2024 Total 2023 Total funds Unrestricted Restricted fimds Notes FIXED ASSETS Tangible assets l2 277JOI 326,241 312,878 CURRENT ASSETS Debtors Ca3h at baDk 13 60 76,023 68250 68250 68,310 68,310 76,083 CREDITORS Amounts falliDg due within one year 14 (675) (675) (675) NET CURRENT ASSETS 67.635 67,635 75,408 TOTAL ASSETS LESS CURRENT LIABILITtEs 344,936 48,940 393,876 388,286 NET ASSETS 344,936 48,940 393,876 388,286 FUNDS Unrestricted funds Restricted fi]Dds 15 344,936 48,940 336,136 52,150 TOTAL FUFIDS 393.876 388,286 The fuLancial slat¢ments were approved by the Board of Trustees and authorised for i55ue on .. and wcre sign¢d OD its behalf by.. ailer . Tnts14¢ rner- Tnstee Th¢ notes forn) part of financial siatcm Page 8
BRIGHTON OPEN AIR THKATrE cto NOTES TO THE FINANCIAL ATEmJNTs FOR TFTE YEAR EIYDED 31 DECEIWBER 2024 AccoiJffflNG POLICIES Basis ofprepariDg the fllwicial ststsments The fmancial slatements of the clwitable company, which ig a pub]ic Tr*nefit entity under FRSI 02, have been prepared in acCorde witb the Charities SORP (FRSI 02) 'Accounling and Reporttng by Charities: Statement of R2comthen(led Prnciice applicable to clwittes preparing their accourjts with the Financi&l Reporting St8ndard applicable in the UK aod R¢public of Treland (FRS102) (effectiv¢ l Jan]w 2019),. Financial Reporting Standard FRS102 The Fioanciai KewTnig Standard appLicable in the UK and ReblIC of Iteland, and the CltieS Act. The financial srateoKuts hav¢ becn pJrpar¢d under the bi5tDrical cost ¢onveotio The accounls are prepared in st¢rlin& 1¢h is the fLuLction of the clwity. Mon&ary amoilllts in these financial slalwDents are rounded to the llearest £. The In]stee51djr[0r$ cotLsider that there are no n]aterial uncertaiDtie5 aJy)ui the compallys ability to continue as a going ¢oncern. Jneome All illcome is recognised in the s(ateOtt of Financial Aaivilies once the charity Iw entidement to the fullds, it is probable that the in¢ome will be received and the amounl can be measured reliably. lllcoming resources from generdted fimds Gr8nts/sponsorsbipldonatiODS are Tecognised in resources in the year ID which they gre receivable, except as follows: . when donors spe¢ify that gndOnatiOnS given to the cboyity must be osed in tUre accounting periods, the in¢ome AS d¢ferred until those periods. - when donors impose conditio whith have try be fvlfilled before the cbarity becomes entitled to use such incomc, the income is dcfeTred and not included in Incori iesources witil the precoDdiiioDS for us¢ 8Te m¢t. Investmeth income is recognised on a receivable b&qis. IncomiDg resources from Cl112b1c activitie5 Theatre income - ill¢ome from box office, perfornwice fccs and sundry other theatrical Income is iDcluded in incoming rc30urces in the peri(Kl in vthich thc relevant show takes psace. Project 8Tttific funding - when donorn specify that donalion8 and 8r8nts are for particular restricted purposeg, which do not amount to pre-conditio5 regarding entitlemenL this iJKorn¢ is includcd in incomins r850urces of restricted timd5 when receivable. Voluntary income VoluDtary inoome received by way of donations and gifts i$ included in incoming resources when receivable. Th¢ value of services provided by V0hteerS has not been iDcluded. ExpeDdllur¢ Liabiuties are reco¥nised as expenditure as soon &$ there 1$ a legal or ¢ODstructiv¢ obligation committing the charity to tbat expendiwre, it is wobable that 8 tran5f¢r of e¢onomi¢ benefits will be requirea ID settlem¢nt and tbe arnount of ihe obligation can be measured reliably. ExpeDdiiure is accounted for on an accruals basis including irrecoverable VAT and had been classified under beadings that aggRgate all costs related to th¢ C8te&'ory. Where costs cannot be dirertly attributed to particular headings they bay¢ been allocated to tiVitieS on a basis CODs1ent with the use of resources. Costs of generating fuDd$ Costs incurred in attrading voluntary inconK, and those incurred in trading a¢tivities that raise fLd5. Prodwtion Costs Amounts paid to produ of eveotslproductLons. Costs incuffe41 for in-house production and running of productions. Page 9 continued...
BRIGHTON OPEN AIR THEATRE ao NOTES TO THE FINANCtAL sTATErENTs - CODtinlled FOR THE YEAR ENDED 31 DECLMBER 2024 AccoiJNfINC POLICIES- continued Expenditure Support costs The 1dnjinistrdti aDd ovethead costs associated wÈlh n]miing the offirK from which th¢ company operates. hav¢ all b¢¢n allocated to th¢ ¢haritabl¢ activiti C4)si heading a5 the prnportion spenl on oosts of Fenerating fund5 and gov¢mance costs are considered iDunakn81. Governance costs Costs associated with the ¢onstitutiotMI and st8tiitOry Tequiyem¢nts of the charity. TY4nglblt fixed assets TndivIdu fixed assets costing £100 or more are capitalised at cosL Deprtriation is provided at annual rates calculated to wrile off th¢ cost less residual value of eacb a53¢t over its £xpected useful life, as follows: Short Leasehold Improvements straight line over the life of the lease. TaxatloD The cbarity is exempt from tax on its ¢tritable activities. Fund aetOUDting Unrestricled fd$ can be used itt ac¢ordall with the ch8Titfible obieclives at the discretion of the trust¢e9. Rostrided funds can onty be used for particular restricted pwpos¢s within the objects of the charity. Restrictions Arise when specified by the donor or whell fimds are rnised for particular restricted purtx)se8. Further explanation of the nature Ind purpose of each fvnd is included in the notes to the financi statements. DONA TIONS AND LEGACIES Period 6.4.23 to 31.12.23 Y¢ar Fnded 31.12.24 DonatiODS and 5p)nsor3bip Grants 21,042 J7,881 5,000 21,042 22,881 Gfvits reG¢ived, included in the above, are as follow&: Petiod 6.4.23 to 31.12,23 Y¢ar Ended 31.12.24 Cbalk ClilYTrust 5,000 Page IQ continued...
BRIGHTON OPEN AIR THEATRE clo NOTES TO THE FINAIYCIAL sfATEMEYJ TS. contittued FOR THE YEAR ENDED 31 DECEKBER 2024 INVEsfMENf INCOME Period 6.4.23 31.12.24 31.12.23 Deposit account int¢r¢st 1,636 636 INCOME FROMCHARITABLE AcfTVtTIES Period 6.4.23 Year Ended 31.12.24 31.12.23 A¢(iviry Th¢ket sales and bar takings TheattE r¢venues 427,6(M) 376,948 RAISING FUNDS Ral$lDg donatlons and kgaeks P¢riod 6.4.23 Y&qr Ended 31.l2.24 31.12.23 Marketing l3,950 5,753 CHARYfABLE AcfiviTTES COSTS Direct Costs (see note 7) Support costs {see note 8) Tot&ls Tbeatre costs Support costs 429.988 429,988 750 750 429.988 750 430,738 Page 11 ¢Dntinued...
BRIGHfoN OPEN AIR THEATRE cio TrIOTES TO THE Fll4ANCIAL SfATEMENtS . ujntinued FOR THE YEAR ENDED 31 DECEMBER 2024 DIREcf COSTS OF CHARITABLE A1VITIEs Period 6.4.23 to 31.12.23 Year Ended 31.12.24 Cost of prcmjuctions Rent Insurances and licvll¢¢s Staff cosls PreD)ises costs Athninistralion DepTlatiO 286,164 98 6,957 79,1 34,l87 4,229 19,253 249.714 75 7,784 54,393 24,837 3,019 14,449 429,988 354,262 SUPPORT COSTS Governance costs Support costs 750 Support ¢ost4 loched in the above, are as follows: Perlod 6.4.23 to 31.12.23 Tot activiti¢8 Year Ended 31.12.24 Support costs It)dependent ¢xamination 750 720 TRUSTEES, REMUNERATION AND BENEFITS Th¢r¢ were no trustees, remun¢Tation or other b¢nefits foT the y¢ar ended 31 De¢pmber 2024 Dor for the period ended 3 J D¢c¢tnb¢r 2023. Trnstees, expenJe5 There were no tNste¢s' expeDS¢S paid for the year ended 31 December 2024 Dor for the period ended 31 December 2023. Page 12 ontinued...
BRIGHTON OPEN AIR THKATRE NOTES TO THE FINANCIAL STATEIIIENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024 STAFF COSTS staff costs during the year amounted ÉO £79,100 @*riod cnded 31 Decem 2023 . £54,393). The charity employs two people on a part tinje b&qi8 plus a number who are employed on ad hoc basis wh¢D th¢¥¢ ar¢ show& The cbarity ¢onsid¢rs its key nvwgement peTsonnel to be the Tn¢s. As al108¢d in the acoounts they received no rejnunOn. ii. COMPARATIVES FOR THE STATEMEi¥T OF FINANCIAL AClEs (PIE 3111212023) UnTestric Restricted Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 21881 22,881 CbAritable actlvities Theatre revenues 376,948 376,948 Investment income 636 636 Total 4,465 400,465 EXPENDITURE ON RaisiD8 fund8 5.753 5,753 Charltablo activltte5 Theatre costs Support costs 35l.854 720 1408 354,262 720 Total 358,327 2.408 360.735 1¥4ET INCOMEIIEXPENDITURE) 42.138 (2,408) 39,730 RECONCTLIATION OF FUNDS Total fuDds brougbt forward 293,998 54,558 348,556 TOTAL FUNDS CARRIED FORWARD 336.136 52,150 388,286 Page 13 contillued...
BRIGHTON OPEN AIR THEATRE ao LYOTES TO THE FINAIYCIAL SfATEMENfs . continued FOR THE YEAR ENDED 31 DECEMBER 2024 12. TANGIBLE FIXED A&SETS Short leasehold COST At l January 2024 Additions 381,822 32,616 At 31 Decemb¢r 2024 414,438 DEPRECIATION At J January 2024 Charge for year 68,944 19,253 At 31 December 2024 88,197 NET BOOK VALUE Ai 31 Decemkr 2024 326,241 At 31 De¢embeY 2023 312,878 DEBTORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2024 2023 Prepayments 60 14. CREDITORS: AMOUNTS FALLING DUE WITHIN 01¥4E YEAR 2024 2023 Oth¢r creditors 675 675 15. MOVEMENT IN FUNDS Trdnsfers between funds ]Dovemenl in funds At 31.12.24 At 1.124 UDre$¢rl¢ted funds General fuDd Designated fund for future tnaittsan¢e. 243,136 93,CX)O 8.8 30,000 (30,000) 281,936 63,000 336.136 8,800 344,936 Restrlctod funds Fixed assets and amphitbeatre 52.150 (3210) 48,940 TOTAL FUNDS 388286 5,590 393,876 Page 14 continued...
BRtGITfoN OPEN AIR THEATRE NOTEI S TO THE FINANCIAL sTATElENTs . continu FOR THE YEAR ENDED 31 DECEMBER 2(I24 15. MOVEMENT JN FUNDS. tontinlled Net movement in funds. included itt the aknve are as followg: Incoming resour Resources Movement in funds Unreslriet¢d funds Genernl fund 450278 (441,478) 8,800 Reslri¢ted Fixed a55¢ts and amphItltrc (3,210) (3,210) TOTAL FUNDS 450,278 {444,688) 5,590 Compfiratlves for movement ID fuDdJ Net movement funds At 31.12.23 Ai 6.4.23 Unrestrlcled fund* Generaj fund Designgted fund for tllre nlIan¢t. 200.998 93.0(M) 42,138 243,136 93,000 293.998 42,138 336.136 Restrieted funds Fixed assets and atnphithcatrc 54.558 (1408) 52.150 TOTAL FUNDS 348.556 39,730 388,286 Comparative net movement in fund included in the abov¢ aT¢ as follow3= Incorning Resources Move]llent expended in funds Urtrestrkt funds GeDeral fulld 400.465 (358,327) 42,138 Restri¢l¢d funds Fixed assets and arnphitheatre (2,408) (2,408) TOTAL FUNDS 4(N),465 (360.735) 39.730 Fixed Assets Amphitheatre This fimd ¢onsisls of donations received and income fnmi fundraiSU events specifically for the constru¢tion of the wnpbitheatre. The cost of the amphitheatre is written off over the length of the lease, 25 years Designated Fun Page 15 ontinued...
BRIGHTof4 OPEN AIR THTRE NOTII S TO THE FllYANCIAL STATEMEiYfs. continued FOR THE YEAR EM)ED 31 DECEMBER 2024 15. MOVEMEiYf IN FUNDS- eontinlled A designated fund h&s been set for future buildinglwital costs. A transfff to unrestricted fullds of £30,000 was made in the year to Tefiect the expenditure incurred on rep]acing all the woodffl sleepers al creatiDg new wheelchair wes.. 16. At 31 De¢¢mber 2024 the charity bad annual comrnit UDder nOD.cancellable operating le&w as follows: Expiry date 2024 2023 ID over S years loo 17. RELATED PARTY DISCLOSURES Ther¢ were DO relaied party (ransactions for the year ended 31 December 2024. 18. ULTtMATE CONTROLLTNG PARTY Llltimale control lies with the tntees. Page 16