Docuslgn Envdope ID.. A556BBTrb6E51499F-9927-3616C4FA53EE
Charity number- 1179452
THE BRIGHT FOUNDATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
? Bishop Fleming

Do¢Jslgn Envdope ID". As56B8[￿6E5l499F-9927.36l6C4F￿s3EE
THE BRIGHT FOUNDATION
CONTENTS
Page
Reference and Administrative Details ol the Charity, its Trustees and Advisers
Trust8•s' R•port
Independent Examlner'5 Report
13
Statement of Flnanclal Actlvltles
14
Balanc• Sh¢et
15
Statement of Cash Flows
16
Notes to the Flnan¢lal Statom*nts
17-32

DocJslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENOED 31 AUGUST 2025
Trustees
J Bright, Chair
LK Fletcher, Co-chair
J Ireland
JR Hayward
S Williams
U Nicholson
GM Nebel
C Garfick (appointed 28 Novemter 2025)
Charlty regSstered
number
1179452
Prlnclpal offlct
2 LorKlon Road
Sl Leon8rds-on-sea
East Sussex
TN37 6AE
Chief ex•cutiv• officer
P Risbridger
Accountants
Bishop Fleming Audit Limited
Chartered Accounlanls
Chy N￿eroW
Newham Road
Truro
Comwall
TR12DP
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Docuslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees present their annual report logether with Ihe audited financial statements of the Charity for th8
year 1 Seplember 2024 lo 31 August 2025.
OBJECTIVES AND ACTIVITIES
a. Pollcles and objectlves
The Bright Foundation is an arts education charity founded by Academy Award winning Costume Designer
and philanlhropisl, John Bright. Our mission Is lo use the lifetime's work of our founder and benefactor lo be
catalyst for creab've learning and inspire a new generation of imaginative children and young people lo reach
their full polenlial.
We believe in the power of arts and creativity to shape happier and healthier children and young people. Our
vision is for all children and young people lo have their imaginations spar1(ed and their wellbeing nurtured
through a quality cultural eurrieulum, regardless of their background.
The three key outcomes of our work are..
Creative Skills and Self-Expression
Improved Wellbeing
Increased Aspiration
John Bright is an inlemationally renowned Costume Designer lor film. fv and theatre, as well as founder and
owner of the costume house. Cosprop which is based in London.
The objects of the Charity are..
1. To advance in life and relieve Ihe needs of disabled andlor socially and economically disadvantaged
children and young people through..
al advancing education in particular Ibul not exclusively) in the arts. the history of Ihealro and
the making of period toys. by the eslablishmenl and maintenance of a Ihealre, a museum and
by providing or supporting the provision of artistic workshops and other facilities and aclivilie$
which will encourage greater understanding and appreciation of the arts,.
b) preserving and protecting their mental and physical health, in particular by providing or
assisting in the provision of taelile sensory aelivilies, and other activities and facilities
promoting mindfulness meditation and relaxation..
cl providing recreational and leisure time activities in the interest of social welfare, designed to
improve their conditions of life..
dl providing facilities and activities which develop iheir skills, capacities and capabilities lo
enable them lo partj'cipale in society as malure and responsible individuals. and
2. Such other charitable purposes {according lo the law of England and Wales) as the Iruslees think fit
from lime lo lime.
b. Strategles for achleylng ob)e￿IveS
From two different venues in and around Haslings, we offer a programme of c￿aliVe learning to children and
young people, particularly those experiencing disadvantage. The Barn Theatre and Museum based at
Rodgers Fam in the surrounding countryside of Haslings, features a 50-seat bam-converted children's
theatre and workshop studio, alongside a museum and exhibition space showcasing John's collection of
antique toys. puppets and model theatre sets. In this beautiful setting, we invite schools, families and local
groups to experience the joy of play and crealion. leam about the history of childhood, and be inspired by
perforrnan￿.
The Benbow Arts Space, located in the heart of St. Leonards-On-5ea, is a youth arts space dedicated to the
craft of film-making. John Bright has curated an early cinema exhibition and there are two flexible and
beautiful event and workshop spaces. The programme includes film-making courses for young people, public
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Docuslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
open days, school and college visits. creative career advice and support. In 2024 we become a BFI Film
Academy hub.
We launched the foundation and opened the Bam Theatre and Museum in June 2022. Th8 Benbow Arts
Space opened in May 2024.
We are building partnerships with local schools. voluntary sector groups. creatives, and other venues, lo
reach and engage children and y¢JJng people experiencing dis8dvant8ge in their lives and lo expand our
reach as an organisation.
The trustees agreed that the first two years should be a period to 'test and leam. testing out models of
delivery lo understsnd how the charity can best deliver on ils objectives. During Year 3 we developed our
core Programme Goals to infomi the development of a long temi Business Plan. We have an Evaluation
Consullanl, Catherine Orbach. who evaluates our impa¢l ea¢h year. pr¢xlu¢ing an internal report for staff and
Trustees and an external facing Impact Report.
. Actlvltl8s undertaken to achlevo oblectlves
PROGRAMME
School¥ and Groups- Cultural Eduutlon
Goal - Offer children and young people a quality cultural 188ming experience drawing on our collectlons and
creative spaces
Activities
We delivered 49.S days of School and Group Experience Days al both siles. These are free lo schools and
groups and usually last a day 110am
2pm) with some half day workshops for SEND groups. Topics and
themes delivered include..
Puppet Making
Outdoor Learning
Costume and Character
History of Toys
Watching a professional theatre show
Evolution of the Moving Image
Doing it for Reel- insights lo working in the film industry
We delivered a pilot work experience project with East Sussex College Group Haslings in which a group of
college students spent a week with us and fornied their own production company lo develop and produce a
promotional film about The Bright Foundats"on.
We had a year round partnership with Torfield SEN School offering an opportunity for every class lo visit us
and tske part in creative projects or see a show.
Publlc Events- Audience Development
Goal - Grow a family and young audience for theatre and performance embedding OPPDrtunilies for them lo
develop their own creativity.
A¢livilies
We presented four famity shows at Ihe Bam Theatre-. The Witch and the Egg by Luminous Tales, The
Snowman by The Enchanted Cinema, Anansi and the Lost Sun by Swallow Wings Puppetry and Shoe Baby
by Long Nose Puppets. All shows were followed by creabve craft aclivities inspired by the show and museum
trails.
We presented two Open Days at the Benbow Arts Space as part of local festivals..
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Docuslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
A Town Explores a Book - over days we delivered a community animation project in which
families created scenes as part of an animated film telling the evolution of the Iguanodon, alongside
drfferent interactive actsvities exploring dinosaurs such as a green screen where you could walk with
them
Haslings Fat Tuesday
we were a family venue for this annual music festival offering a space for
families lo enjoy high qualty music and create customised Lbmbre1185 lor the Umbrella Parade
Our annual Open Day al the Bam Theatre and Museum offered a story trail and activities around the grounds
of Rodgers Farm curaled and produced by Oul ol the Bag Theatre.
We also partlClP8led in a range of off-sile events induding careers fairs al the De La Warr Pavilion and
Hastings College, Market at the Museum at Hastings Museum and Art Gallery. a film take.over day at local
skal8park Source Park, and screenings as part of the BFI Film Academy and Hastings Rocks Film Festival.
Creatlvo Skllls and Employablllty
Goal - Support young people to develop creatsve skills and understand career pathways - with a focus on
film and screen
We delivered the Benbow Youth Film Collective for 11-15 year olds and 16-19 year olds offering weekly film-
making after school courses. During the year participants explored making music videos, slop-frame
animations and documentaries in partnership with skate park, Source Park. Each temi ended with a
screening of the films made for family and friends, including a pop up cinema al Source Park for the
documentaries as part of A Curious Town Feslival.
We became a EFI Film Academy hub delivering a short ￿urSe for 16 - 19 year olds over October half term.
Participants worked with industry professionals lo devise, write and film their own short film which w88
screened al the Kino Cinema and in London al the Soulh Easl BFI Film Academy screening.
We delivered three Creative Intensives supported by the Holiday Activities and Food programme and Three
Guineas Trust. Play and Perfom look place at the 8am Theatre and Museum over Easter for 8-11 year olds
who croaled a play in a week. Creative Explorers look place in Avgusl for children aged 8-11 years with
autism. Make a Film in a Week took place at the Benbow Arts Space for 11 15 year olds to make a short
film in a week over the Summor holidays.
Improving Access
Goal - Tackle Barriers for the most disadvantsged chIld￿n and young people lo access the atts, filmmaking
and creativity.
Activities
Across our ticketed activities we offered discounled and free lickets to events and courses. For theatre shows
we offered a heavily discounted rate for anyone in re￿Ipl of benefits or from low income backgrounds, and
we worked with charity partners to offer free iickets to Iheir clients, induding FSN. Bexhill Family Collective,
and the East Sussex Foster Carers Association. For the Creative Intensives, 500/0 of pla￿S were free and
received free meals (supported by the Holiday Activities and Food Programmel, and the project for autists'c
children was fully free (supported by Three Guineas Trust).
We established a TransF)Ort Support Fund (supported by the Spencer Wills Trust) which paid for transport for
young people and families who needed it, and offered 50% of the costs of minibuses for schools lo travel lo
schools attending our Experience Days. We provided a minibus to do a door-d(x)r pick up and drop off for
Creative Explorers- the holid8y project for aLrtistic children.
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Docuslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
We estsblished longer lem partnerships with local special schcKsls, especially Totffield School, to run bespoke
workshops and projects for their pupils.
Collections Care and Exhibitions
Goal - Exhibit John Bright's collection of antique toys. puppets. model theatre sets and earfy anema lo
educate visitors, preserve our heritage and inspire creativity.
Aclivilie5
The exhibitions al both venu8s were open for all visitors lo see and discover. For the public events al the
Barn Theatre and Museum we developed a number of different museum trails and quizzes. At both venues
the wlleclions provided heritage learning and creative inspiration for the adivilies.
SUPPORTING ACTIVITIES
Barn Theatre Extenslon and Stag• Infrastrudur•
We commissioned and began work on the extension of the Bam Theatre al Rodgers Farm lo create a
backstage area that could also be opened up lo extend Ihe depth of the stage. It was designed by Neil
Choudhury Archilecls and JH Payne were appointed lo undertake the works following a tendering process.
We also commissioned Stage Electrics lo design and install improved technical stsge infrastructure including
raise and lower bars for hanging sel and sc&nery. stag& curtains and stage lights for the new extension.
d. Maln actlvltlès undortakèn to furthèr thè CharSty's purposes for the publlc beneflt
OUT primary beneficiaries are children and young people living in Haslings and Rolher. We intend to expand
our reach over time bul for the current period we are focusing on our local communities.
Haslings is the 3rd most deprived local authority in the country12025 Index of Multiple Deprivalionl, and ha$
the highest child poverty rale in the South East with an increase of more than 70/0 since 2015. It has the
lowest educational atlainmenl slalistics in Easl Sussex125.4% of residents havg no qualifications - compared
to 22.50/0 across England)
We are primarily reaching children and young people through schools. wherg Hasts'ngs has an average of
36Vo of children on free school meals. We are also developing partnerships to engage children and young
people who experience disadvantage or have addilional support needs. Partnerships include FSN,
Groundworks, Haslings Foodbank, East Sussex Lijoked After Children's Service, East Sussex Foster Carers
Association, a range of special schc4)Is, Haslings and Rolher Arts and Education Network, and the Talent
Accelerator IDe La Warr Pavilion).
The Bright Foundation also benefits teachers. support workers. local artists and creatives. and families.
All activities inslil confiden￿, nurture physical and emotional wellbeing, promote creativity and collaboration,
encourage cultural awareness and understsnding. and offer cross-curricular leaming experiences.
In setting objectives and planning for activifies. the Trustees have given due consideration to gerberal
guidance published by the Charity Commission relating lo public benefit, including the guidan￿ 'Public
bonefil.. running a charity IPB2)'.
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Docuslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
ACHIEVEMENTS AND PERFORMANCE
a. Main achievemgnts of the Charity
2024-25 was our first year of running and developing year round programmes in both venues and saw an
increase in delivery and demand for our activities.
Summary of the key engagement r￿ureS for the year include..
4.111 total people engaging in our aclivities113YD increase from 2023-241
2,441 of this were children and young people1590/0 of our lolal beneficiaries)
Approximately 440k of children and young people parlicipating were in receipt of free school meals
andlor had special educational needs
121 days of activity delivered - an increase of 35 days from previous year
2.462 people attended a public event- an increase of 759/0 from previous year
964 children and young people participated in a school and group visit - a 43% increase from 2023-
24
142 young people took part in regular creative skills workshops- a 51% increase from 2023-24
Other a¢higVgmenl$ include..
8eeoming a BFI Film Academy hub
Securing £25,174 in new grant funding
b. Key perforrnance Indlcators
The Bright Foundation's Key Performance Indicators for 2024-2S. as set at the start of the year were..
Programme..
1. Creativity and Culture
experience
2. Wellbeing -children and young people engaging in our programmes experience an improvement in
their wellbeing
3. Environment -children and young people feel morè connected lo nature and aware of the
environment
4. Creative Careers and Skills- young people develop new creative. film-making and employability skills
and better understsnd the training and Ca￿er pathways available
5. Skilled workforce
ensure the professionals that we work with are skilled in supporting children and
young people's creativity in an inclusive way
6. Reach and engagement - build partnerships across Sussex to engage children and young people
facing disadvantage and hardship ensuring that they make up al least 35% of people engaging in our
programmes
for more ehiklren and young people to have enjoyed a new cultural
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Docuslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Operational and Finan￿..
7. Staffing - undertake staffing review lo ensure we have the best skills and capacity in Pla￿ lo run a
year round programme al both venues
8. Fundraising develop a fundraising action plan to diversify our income and attract new supporters
and donors
9. Capital improvements - complete final designs and go to tender for the theatre extension at the Barn
Theatre and Museum
We have since developed our five Programme Goals detsiled a￿Ve, which achieve the following outcomes..
Creative Skills and Self-Expression
Improved Wellbeing
Increased Aspiration
c. Revlew of activitles
Our Evaluaty'on Consullanl, Calherine Orbach, designed an Evaluation Toolkit and produced an internal
Evaluation Report reviewing the programme and impact achieved over the year. Participants were asked lo
rate a series ol slalemenls relating to our goals. The fIgu￿S below show the percentage of those who agree
and strongly agreed with the stalemenls.
Creative Skills and Self-Exprgssion
970kn ol school and group leaders agree that their group enjoyed their visit, were absorbed and
engaged, learnt new skillslknowledge and used their imaginations
90Vo of group leaders felt the visit motivated them to do more creative work
1000h of young people attending courses ar￿ projects ènjoyed themselves and 9510 agreèd they
have learnt new skills
Improved Wellbeing
97Q/o of group leaders agree Ihal their visit had a positive impact of the participants confidence,
communication skills and sense of achievement
78Q/o of parents thought the courses and projects had positive impacl on young people's confidence,
wellbeing and ability fo gel on with others
970/0 of young people felt welcome and safe attending actmlies
92Vo ol young people fell their contributions were valued
Positive Aspiration
950/0 of young people attending courses an¢J projecls are motivated lo do more creative activities
49°/0 of young people thought that participating in Ihe filmmaking Courses had changed their thinking
about futu￿ study andlor career pathways
Across every programmo people were asked to say how likely they were to recommend The Bright
Foundation to a friend or colleague. This is called a Nel Promoter Score. The Bright Foundation has a sco
of 81. Anything over 70 is considered eX￿lIent.
'Sludents appreciated the supportive, bul also Yreeing. and creative envimnment they were allowed to create
in, and were able to practice and apply skills. whilst also k)Ilowing the guidance of industry p￿fesSiOnalS., ES
College, Haslings
'The lfjarning environmenf was dffemnl and a new experience for the child￿n. It was great they gol to
interact with some of the resources such as touching the costumes with gloves, making them think and
appreciate olderpieces on display.. Kids Colledive Home Ed
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Docuslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
'tt's an amazing opportunity- I don't know of anythin9 else like this. To allow them to be themselves, they ar8
unphased, welcoming. 11 is a calm and relaxed atmosphere. The staff have such a way of capturing students,
attention and 96tting ideas. They quickly pick up on student's needs. Slowing down for one, fftcognising
anotherfs ADHD., St Marys Bexhill 6th form
All aspects of what we did were led in such a way as to include the whole group and not only hold their
attention, bul to encourage them lo 90 above and beyond what they fett they w8r8 capable of. ESCC Looked
After Children
.1 just wanted to say a maswve thank youl Benbow has been such a fun experience and has ￿allY benefi'ted
me - the music VKleo unit helped me land my int8malional music marketing appr&nliceship with Amazon.
Lucy and I have been super inspired by our lime with you and touched by the kind and welcoming nature of
everyone al Benbow.. Participant from 8enbow Youth Film Collective
'Mainslream, SEN and electively home ed working seamlessty together and producing something that is
genuinely collaborative. One of the most genuinely inclusive provision there is. 11 doesn't say il on the lin, bul
il is. Parent
d. Fundral$lng actlvltl•s and Incom• genèratlon
John Bright and his company Cosprop, donated £500.000 lo fund core operations and staffing for the charity.
Additionally Ihere was a table sale ol fabrics and china donaled by Cosprop in October 2024 raising £1,683.
And Cosprop donated Michael Caine's costume from Muppet Christmas Carol which we sold for £7,500.
In 2024-25 we received grants totalling £2S,174 from East Sussex Council Council Holiday Activities and
Food Programme, Three Guineas Twst. BFI Film Academy and Sussex Community Foundatiorb Isoulhem
Water Goodwill Fundl.
In 2025-26 we have already been awarded grants lolalling £39,873 from East Sussex County Council Holiday
Activities and Food Programme. Three Guineas Trust. BFI Film Academy, Artswork, National Saturday Cub
and Haslings Borough Council.
In 2024-25 we rg¢9ived £1.050 in individual donations lin¢ Grft Aid) via Local Giving
platform.
our online giving
In 2025-26 we have launched our Supporters Circle lo coincide with the Cosprop 60th anniversary and
exhibition al the Fashion and Textile Museum. We have already exceeded our target and raised £63,479 linc
gift aid).
We received a Theatre Tax Relief claim for £6,559 for a production commissioned in August 2023 and
submilled a Museum and Gallery Tax Relief claim of £23.657 against the mounting of the Eady Cinema
exhibition at the Benbow Arts Space.
We earned £10,576 Inel after Box Office fees deducted) in ticket sales and workshop fees and £2,582 from
café sales.
e. Investment pollcy and pgrfomiance
The funds that have been made available to the Foundation have been tied up in the staffing, operational and
programme needs. There were no additional fvnds that would have benefitted from investment.
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Docuslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Financial review
a. Golng concern
The Trustees have reviewed the circumstances of the Charity and consider that adequate resources continue
to be available lo fund the activities of the Charity for the foreseeable future. The Trustees are of the view that
the Charity is a going concern. The Trustees have assessed that the Charity has sufficient reseNes and cash
balances to mitigate any potential unforeseen impact arising.
b. Reservo$ policy
We are establishing an Operational Reserve for the first time at year end 31 August 2025. The aim is lo have
a Operalional Reserve Fund of £85,000 based on 3 months fixed staffing and overhead costs. We have
started the fund with a transfer of £15,000 this year. Our commitment is lo grow the reserve through unspent
contingency al the end of each year. The ongoing support of John Bright Holdings I Cosprop miligale the
need lo e$tabli$h the full reserve fvnd immediately.
c. Performanc• r•vlow
Most of the Charity's income is obtained from the estate of John 8ri9hl and his company, Cosprop Limited,
the use of which is unreslricled. The programme delivery and charity operations were delivgrgd within budget
with a lolal expenditure 01 £481,717, wilh an additional £50.571 being spent on capital costs. There is an
unreslricled fund balance of £128.553 which will be carried forwards lo 2025-26 with £53,000 being
designated towards the theatre extension works al the Barn Theatre and Museum,. £55,000 being designated
to Programme Development and £15,000 being Iransferred to the Operational ReseNe. There is also a
restricted carry forward of £5.000 from a grant received in advance. This leaves a remaining genèral fund of
£5,577.
d. Materlal Inv8stment8 poII¢y
Through 2024-25 the Charity s cash balance was held in a Current account with CAF Bank, alongsidg a CAF
Gold instsnl access savings account.
e. Prlncipal rlsks and uncertalnties
The principal risk lo the Foundation rests with ils dependenee on the Majority funding stream coming from
John Bright via Cosprop. This funding is dependent on the success of the business. Cosprop has had a very
stable history of profitability over the past Sixty years. John Bright will be retiring from Cosprop soon and they
are seeking to sell the business. If and when Cosprop is sold. proceeds will be held by John Bright Holdings
which will conb'nue lo make the annual donatsons lo The Bright Foundation. Much of John Bright's estate,
including Cosprop and the buildings currently used by the foundation are bequeathed lo the charity lo support
ils long term future.
•. Flnan¢lal rlsk management obJe¢tlves and pollcles
The Board of Trustees is reswjnsible for the organisalion's systems of internal control, including risk
managemenl. The charily's CEO is the offI￿r who is responsible for the managemenl of systems of internal
control and the implemenlalion of policies set by the Board. The Board monitors and scruts'nises the budget,
accounting practice and financial Performan￿ against budgel.
Operations and daY-t￿daY management is detemiined by finanaal regulations and internal controls are
supervised by the Charity's CEO, with support from the Trustees.
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THE BRIGHT FOUNDATION
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Throughout the year we have (x)nlinued to review and evolve our risk management framework to ensure
that we are comprehensively capturing risk across a range of categories." and so ensure that our register
is fully updated., new risks registered and explored in detail,. with recorded actions needed to mitigate against
the risks, reported through to the Board al every full board meeting and, Whe￿ relevant, specific meetings are
called to respond to urgent risks.
f. Prln¢lpal fundln9
John 8righl has committed lo funding the Foundation via his company, Cosprop Limited. Following a
successful launch period we are diversifying our income through the establishment of a Supporters Circle and
grant fundraising lo reduce reliance on Cosprop. John 8righl has bequeathed Cosprop Limited, including ils
property in London. Rodg8rs Farm and the Benbow Arts Space lo the Foundation.
Structurei governance and rnanagement
a. Constltutlon
The Bright Foundation is a charitable incorporated organisation and is registered as a charity in England and
Wales with number 1179452. The Charity is consliluled by a CIO conslilulion dated 3 August 2018 as
amended on 28 November 2025 I"Ihe CIO wnslilulion-l. The Charity changed ils name from The Children's
Art and Education Foundation to The Bright Foundation in March 2020.
b. Mèthod8 of appolntment or electlon of Tru8teè8
The management of the Charity is the responsibility of the Trustees who are appointed by the Trustees in
accordance with the lemis of the CIO Conslitution.
When appointing new Trustees, the Board will give consideration lo the skills and experience mix, and
diversity of existing Trustees in order to ensure that the Board has the ne￿Sary skills lo Gontributo fully lo
the Charity's development.
c, Organlsatlonal structure and declslon4naklng pollcles
The board of Trustees oversees the overall the management and operatsons of the charity and compliance
with ils stslulory obligations. The board of truslees meets quarterly.
Senior Management of the Charity's operations on a day-l04ay basis was delegated by the Trustees lo the
CEO who look up the full-lime position in November 2021.
The Charity cU￿entlY has seven core staff alongside 8 range of consultants and freelan￿rg. During the year
we undertook a stsff reslruclure lo better respond lo the capacity needs of running two venues and lo create
greater clarity on roles and responsibilities. This resulted in one redundancy. The core staff posts are now..
CEO, Head of Communications and Events (0.81, Producer, Film Programme Learning Leader10.81, Atts an
Theatre Learning Leader10.61, Facilities & Office Manager, and Groundskeeper & Caretaker.
d. Policies adopted for the induction and training of Truslees
Provision for the induction and training of Trustees is led through the charity's managers and Chair of the
Board. This indudes the role of the Trustees, the strategic intention of the charity's Business Plan, and a
briefing on all activities, the organisalion's financial position. systems, reporting, and management policies. A
Trustee Induction Pack of infomiation underpins this training. Publications such as "The Essential Trustee..
what you need to know. (Charty Corrbmissionl are also issued to new Trustees.
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Docuslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
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TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
e. Pay policy for key management personnel
The CEO salary has been benchmarked against equivalent roles in the arts edU￿tion I charity sector.
f. Related party relationships
John Bright Ichairl is the founder and Director of Cosprop Limited. Al transactions between the
organisations are only 1 way, with benefit to the Charity only.
g. Trustees. Indemnltles
Under the terms of the CIO Conslilulion. the Trustees are:
{al entitled lo be reimbursed from the property of the Charity or the Charity rnay pay out of such propgrty
reasonable expenses propedy incurred by him or her when acting on behalf of the Charity.. and
{bl may benefit from Iruslee indemnity insurance cover purchased al the Charity's expense in accordance
with, and subject to the conditions in. section 189 of the Charities Act 2011.
Plans for future pfjrlods
There arg several new projects b8ing dgvelopgd and delivered in 2025-26..
The commission and production of a brand new children's theatre show to celebrate the reopening of
the Barn Theatre following the extension. Inspi￿ by Little Red Riding Hood, The Ballad of Red and
the Wilding Wolf will be presented for free lo over 800 school children as well as being presented lo
the public.
We are the Community Partner for the Children's Inlemational Film Festival taking place for the first
time in Haslings in June 2026. 11 is a one day festival celebrating filrnmakers under the age of 16. The
day includes maslerclasses wilh induslry leaders from BAFTA. Into Film, National Film and Televison
School in venues across the town. followed by an awards ceremony al While Rock Theatre. We are
working with 10 local schools lo create short films lo submit lo the festival.
National Saturday Club in Film and Screen
we are launching a new filrn and screen club for young
people aged 13-16 years - particularly largeled al those experiencing school anxiety. This is part of a
national programme and their work will be shown at Somersgt House a$ part of the Summer Show.
New developments and plans for the operations, venues and finance indude..
Hosting our first ever Breakthrough Traineeship, supported by Artswork, offering a six-rnonlh paid role
as Assistant Producer.
Completing the capital works of the Bam Theatre extension and reopening the theatre
Launching the legacy campaign and Supporters Circle lo celebrate the Cosprop 60th anniversary
Refreshing the displays al the loy museum al Rodgers Fami
Long lem) we are developing a sensory garden and (xeative play space in the fomier sand-school at Rodgers
Farm. This will enhan￿ the children's leaming and experience when visiting.
The Trustees, Report, incorporating a strategic report. was approved by order of the Board of Trustees. as the
company directors, and signed on its behaw by..
1401C]￿8AEE4F9
LK Fletcher
(Co-chair of Trustees)
Date.'51512026
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THE BRIGHT FOUNDATION
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2025
The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Praclicel.
The law applicable to charities in England & Wales requires the Trustees lo prepare financial statements for
each financial year which give a true and fair view of the slate of affairs of the Charity and of ils incoming
resources and application of resources, including its income and expenditure. for that period. In preparing
these financial slalements. the TnJstees are required to=
select suitable accounting policies and then apply them consistently..
observe the methods and principles ol the Charities SORP IFRS 1021..
make judgements and accounting eslimales Ihal are reasonable and prudent,.
slate whether applicable UK Accounting Standards IFRS 102) have been followed, subject lo any
material departures disclosed and explained in the financial statements;
prepare the financial statemenls on the going concern basis unless il is inappropriate to presume that
the Charity will continuè in businèss.
The Trustees are responsible lor keeping adequate accounting records that are sufficient lo show and explain
the Charit￿S transactions and disdose with reasonable accuracy at any time the financial position of the
Charity and enable them lo ensure that the financial slalements comply with the Charities Act 2011, th8
Charity (Accounts and Reportsl Regulalions 2008 and the provisions of the Memorandum of Association.
They are also responsible for safeguarding the assets of the Charity and hence for tsking reasonable slep$
for the prevention and deleclion of fraud and other irregularities.
Approved by order of the members of the Board of Trustees and signed on ils behalf by..
LK Fletcher
(c￿chaIr ol Trustees)
Dale.. 51512026
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THE BRIGHT FOUNDATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRIGHT FOUNDATION I'the
Charity'l
I report to the charity Trustees on my examinati￿ of the accounts of the Charity for the year endod 31 August
2025.
RESPONSIBILITIES AND BASIS OF REPORT
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance wth the
requirements of the Charities Act 2011 1.the 2011 Act.).
I r8PDrt in respect of my èxaminalion of the Charitys accounts carried out under sèction 145 of the 2011 Act and
in carrying out my examination I have fdlowed the applicable Directions given by the Charity Commission under
Section 14515llbl of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Since the Charills gross income exceeded È250,(M)) ￿￿r examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified lo undertako thè examination bècause l am a membèr
of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Statement ol Recommended Praclice applicable to charities preparing their accounts in
accordance with the Financial Rey)rting Standard applicable In the UK and Republic of Ireland IFRS 1021 in
preference lo the Accounting and Reporting by Charilies.. Slalemenl ol Recommended Practice Issued on 1 April
2005 which is referred lo in the extant regulations bul has been withdrawn.
l understand that this has been done in order lor Ihe aecounls lo prowde a true and fair VTew in accordance with
the Generally Aceepled Accounting Practice effeclive for reporting periods beginning on or after 1 January 2015.
I have Cofnpleted my examinatson. I confirm that matters have com8 to my attention in connection with tha
examination giving me cause to believe thal in any material respect..
accovnllng records were not kept in respecl of the Charity as required by seth'on 130 of the 2011 Act; or
the accounts do nol accord with ihose records; or
the accounts do not comply with the apwlicable reqU1￿ments conc*ming the form and conlenl of
accounts sel out in the Charities IA¢¢ounls and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf view which is not a matter cOnS￿er9d as part of an independent
examination.
I have no ¢oncems and have Come across no other matters in ¢onnection with the examination to which
attention should be drawn in ihis report in order to enable a proper understanding ol the accounts lo be reached.
dtsy.
OIIIW FCA
for and on behalf of
Bishop Fleming Audit Limrte
Charte￿d A¢countsnts
Chy Nyvarow
Newham Road
Truro, Comwall
TR12DP
Dale.. 61512026
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THE BRIGHT FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2025
Unrestricted
funds
2025
Restricted
funds
2025
Total
funds
2025
Total
funds
2024
INCOME FROM:
Donations and legacie5
Ch8ri1abltr 8Ctivilies
Inveslments
508.406
31,686
2.611
25.174
533,580
31,686
2,611
323,110
466,309
456
TOTAL INCOME
542.703
25,174
567,877
789,875
EXPENDITURE ON..
Charitable activities
519.570
20,174
539,744
534,351
TOTAL EXPENDITURE
519,570
20,174
539,744
534.351
NET MOVEMENT IN FUNDS
14
23.133
5.000
28,133
255,524
RECONCILIATION OF FUNDS..
Total funds broughl forward
Nel movement in fijnds
1,325.327
23.133
1,325,327
28,133
1,069,803
255,524
5.000
TOTAL FUNDS CARRIED FORWARD
1,348,460
5,000
1.353,460
1.325,327
The Statement of Financial Activib'es indudes all gains and losses recognised in the year.
The notes on pages 17 to 32 form part of these financial stalements.
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THE BRIGHT FOUNDATION
BALANCE SHEET
AS AT 31 AUGUST 2025
2025
2024
FIXED ASSETS
Tangible assets
CURRENT ASSETS
1,219,884
1,217,070
Debtors
Cash at bank and in hand
12
7.407
185,957
2,014
149,808
193.364
151,822
Curr•nt Ilabllltl•s
Creditors.. amounts falling due wthin one
year
13
159.7881
143,S651
NET CURRENT ASSETS
133,576
108,257
TOTAL NET ASSETS
1,353,460
1,325,327
CHARITY FUNDS
Restricted funds
Unreslricled funds
14
14
5,000
1,348,460
1,325,327
TOTAL FUNDS
1,353,46Q
1,325,327
Th8 financial statemenis were approved and auth)ris8d for issue by th8 Trustees and signed on their b8half by..
(Co-chair of Trustees)
Date.'51512026
The notes on pages 17 to 32 fom part of these financial statements.
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THE BRIGHT FOUNDATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2025
2025
2024
Note
Cash flows from operatlng *¢tivltles
Net cash used in operating actsvits'es
17
84,439
310.415
Cash flows from Investlng actlvities
Dividends, intèrests and rents from investmenls
Purchase of tangible fixed asset$
2,811
150,9D11
456
1254,8641
Net ¢ash used In Investlng *¢tlvltles
148,2901 1254,4081
Chang8 In cash and cash •quival•nts Sn the year
Cash and cash equivalents 81 the beginning of the year
36,149
56,007
149,808
93,801
Cash and ¢a$h oqulval•nt$ at the end of the y*ar
18
185,957
149,808
The notes on pages 17 10 32 lom part of these finanaal statements
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THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
GENERAL INFORMATION
The Charity is a charitsble unincorporated organisatv)n registered in England and Wales, wlhin the United
Kingdom. The registered Charity number is 1179452 and the ￿giSte￿d office is 2 London Road, St
Leonards-on-sea. East Sussex, TN37 6AE.
ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statemenls have been prepared in accordance wth the Charities SORP IFRS 1021-
Accounting and Reporting by Charitses.. Statement of Recommended Practice applicable lo charits'es
preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffecbve 1 January 20191. the Finan¢i81 Repx)rting Standard
applicable in the UK an¢J Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statemenis have been prepared to give a 'true and fairf view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and lair, view. This departure has involved following the Charities SORP IFRS 1021 published in
October 2019 rather than the Ac£ounb"ng and Reporting by Charities.. Statement ol Recommended
Pr8ctice effective from 1 January 2019 which has since been withdrawn.
The Bright Foundalion meeis the d8finits.on of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transath'on value unless otherwise stated in tho
relevant accounting policy.
2.2 GOING CONCERN
Al the year end, the Charity held £1,348,460 of reserves, £1,337.883 of which are designated lo
lèasehold propèty and improv8m8nts, tho programme d81iv8ry and th8 Bam Th8atr8 8xl8nsion. Thg
Trustees have reviewed the circumstances ol the Charity and consider that adequate resources
continue to be available lo fund ihe activilies of the Charity for the foreseeable future. The Trustees
are ol the view Ihat the Charity is a going concem. The Truslees have assessed that the Charity has
suffiuenl reserves and cash balances lo miligale any potential Unforeseen impact arising.
Al the year end. the Charty has unrestricted general lunds of £5.577 and are forecasting further
surpluses for years ending August 2026 and August 2027 al a similar18vg1 seen in the current year.
The Trustees acknowledge that the Charity is not currently finanaally viable without the financial
support ol the related company, Cosprop Limitedl John Bright Holdings. John Bright Holdings have
committed lo support the Charity for a minimum of 12 months to ensure the going concern basis is
appropriate.
Page 17

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THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
ACCOUNTING POLICIES {continued}
2.3 INCOME
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of Incoffle receivable can be measured reliably.
Where the donated good is a fixed asset. it is measurèd at fair value, unlèss it is impractical to
measure this reliably. in which case the cost of the item to the donor should be used. The gain is
recognised as income from donations and a corresponding amount is included in the appropriate
rixed asset class and depreciated over the useful economic life in acc4Jrdance with the Charity's
accounting policies.
On receipt, donated professional services a￿1 faulities are recognised on the basis of the value of
the gift to th8 Charily which is the amounl il would have been willing to pay to obtain s8tvices or
facililies of equivalent economic benefit on the open market,. a corresponding amount is then
reco9nised in expenditure in the period of receipt.
Incorne tsx reeoverable in relalion lo inve5tsnanl ineome is recognised 81 thè b'mè the invaslment
Income is receivable.
Other incom8 is ro¢0gnis8d in th8 period in which il is receivable and lo the extent the goods have
been provided or on completion of the service.
2.4 EXPENDITURE
Expenditure is recognised once the￿ is a leg81 or constrv¢tive obligation lo Iransler economic benefit
lo a third party, il is probable Ihal a Iransfer of economic benefits wll b& required in selllemenl 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 lotal of direct costs and shar8d costs, including support costs
involved in undertaking each activity. Direcl costs aitributable to a single activity are allocated directly
lo that activity. Shared costs which contribute lo more Ihan one activity and support costs which aré
not attributable lo a single activty are apportioned between those acliviliey on a basis consistent with
the use of resources. Central staff costs are allocaletl on the basis of time spent, and depr8dalion
charges allocated on the pO￿.on of the asset's use.
Expendilure on charitable activities is inujrred on direcily undertaking Ihe activities which further the
Charitys objeclives, a5 well as any associated support cosis.
All expenditu￿ is indusive of irre(¥)verable VAT.
2.5 INTEREST RECEIVABLE
Inlerest on funds held on deposil is induded when receivable and the amount can be measured
reliably by the Charity.. this is normally uF¥)n nolification of the interest paid or payable by the
institution with whom the funds a￿ dew)siled.
Page 18

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THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
ACCOUNTING POLICIES {continued}
2.6 TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixed assets costing £250 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangiblè fixed assèts are initially fècognised at eost. After recognition. tjndèr the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. Ml costs incurred to bring a taThJible fixed asset into its intended working condition should be
included in the measurement of cost.
Al each reporting dale the Charity assesses whelher tr*ere Is any indication of impairment. If such
indi¢alion exists. the recoverable amount of the assel is det8m)ined to be the higher of ils fair value
less cosis to $811 and its valtje in use. An impaimignl loss is recognised wher8 the carrwng amount
exceeds the recoverable amount.
Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value
over their estim8ted useful lives. using the straigh14ine method.
Depreciation is provide(l on the lolk)wing bases..
Long-temi leasehold propety - 50 yea
Leasehold improvements
- 20 years
Equipment and fitts'ngs
- 5 years
Motor vehicles
- 5 years
Assets under construction
Not depreualed until brought into use
2.7 CASH AT BANK AND IN HAND
Cash al bank and in hand indudes cash and short-ierm highly liquid investments with a short maturity
of three months or less from the dale of acquisit￿n or opening of the dep0511 or similar aceount.
2.8 LIABILITIES AND PROVISIONS
Liabilities are recognised when there is an obligatK)n at the Balance Sheet date as a result of a past
event, il is probable Ihal a Iransfer of economic benefil will be required in settlement, and the amount
of the seltlement can be estimaled reliably.
Liabilities are recognised al the amount that the Charity anticipates il will pay lo settle the debt or the
amount il has received as advanced paynents for the g(KKls or servi¢gS ti musl provido.
2.9 PENSIONS
The Charity operates a defined contribulion pension scheme and the pension charge represents the
arnounls payable by the Charity lo the lund in respect of the year.
Page 19

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THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
ACCOUNTING POLICIES {continued}
2.10 FUND ACCOUNTING
General funds are unrestricted fiJnds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for olh8r
purposes.
Designated funds comprise unrestricied funds ihal have been set aside by the Trustees for particular
purposes. The aim and use of each desigrbated fvnd is set out in the notes to the financial
statements.
Restricted lunds are funds which a￿ to be vse(l in 8ccord8nce with specific restrictions imwsed by
donors or which havg been raised by the Charity for particular purposes. Tho costs of raising and
administering such funds are charged against lh8 SP8¢ific fund. The aim and use of each rgslricted
fund is set out in the notes lo the financial statemenis.
Investment income, gains arKI losses are allocated lo the appropriate fund.
CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT
Estimates and judgemenls are continually evaluated and are based on historical experience and other
factors, including exp8Ctations of future events that are believed to be reasonable under the
circumstances.
Critical accounting eslimates and assumptions:
The Charity makes estimates and assumptions conceming the ftjture. The resulting accounting estimates
and assumptions will, by definitson, seldom equal the relaied aclual rasults. The Charity has no material or
key accounting estimates.
INCOME FROM OONATIONS AND LEGACIES
Unrostrlctod RestrScted
funds
funds
2025
2025
Total
funds
2025
DONATIONS
Donalion- Cosprop
Donation- Equipmenl and Services
Donations- other
Grants
500,C(KI
500.000
8,406
8,406
25,174
25.174
SUBTOTAL
8,406
25,174
33,580
TOTAL 2025
508,406
25,174
533,580
Grant income received in the year were awarded from Sussex Community Foundation (Southem Water
Goodwill Fund), Screen South IBFI Film Academy). Three Guineas TrLJSt, and East Sussex County
Council Holiday Actsvitses and Food Programme.
Page 20

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THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
INCOME FROM DONATIONS ANO LEGACIES (CONTINUED)
Un￿$1￿cted
fvnds
2024
Reslricled
funds
2024
Tol81
funds
2024
DONATIONS
Donation- Cosprop
Donation- Equipmènl and servi￿$
Donations- other
300,000
11,543
5,946
5,621
11,543
5,946
Grants
5,621
SUBTOTAL
5,946
5,621
11.567
TOTAL 2024
317,489
5,621
323,110
INCOME FROM CHARITABLE ACTivmES
unr￿tricted
lund8
2025
Total
funds
2025
Total
funds
2024
Charity Audion
Eamed income- Box Office, Workshop fees and Cafe sales
Exhibitions Tax Relief
10,678
14,480
6,S28
10,678
14,480
6,528
436,283
11,856
18,170
31,686
31,686
466,309
INVESTMENT INCOME
Unrestrteted
fund$
2025
Total
fund$
2025
Total
ftjnds
2024
Investment income
2,611
2,611
456
Page 21

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THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
ANALYSIS OF EXPENDITURE BY ACTMTIES
A¢tivltles
und¢rtsk•n
dlrectly
2025
Support
costs
2025
Total
funds
2025
Charitable Activities
355,706
184,038
539,744
Activities
undertaken
direclly
2024
Support
costs
2024
Total
funds
2024
Charitable Activilies
326,345
208.01
534.351
Page 22

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THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
ANALYSIS OF EXPENDITURE BY ACTMTIES (CONTINUED)
ANALYSIS OF SUPPORT COSTS
Total
funds
2025
Total
funds
2024
Deprgtialion
Hospitality
Consultancy fees
Leg81 fees
Office equipment & stationery
Insurance
Travel expenses
Rent and rates
Prgmisès Costs
Repairs and r8n8wals
Accountancy lees
Inlernel
Bank charges
Other staff expenses
Advertising
Softw8￿ and subscriptions
Sundry expenses
Vehicle expenses
Consumables
Recruilmenl costs
Goveman¢e costs
48,088
2,213
23,812
4,890
1,060
8,793
1,888
11,572
19,186
22,350
7,873
1,474
128
694
32.371
1.995
42,092
3,668
1,039
8.089
1,398
6,417
16.462
47,082
10,820
1,632
69
2,593
6,745
4,793
8,346
5,794
3,478
li
326
290
5,727
185
6.193
5,662
53
6,795
184,038
208,006
INOEPENDENT EXAMINER'S REMUNERATION
2025
2024
Fees payable to the Charitys independenl examiner in respect of:
Independent Examination
5,850
5,562
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THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
STAFF COSTS
2025
2024
Wages and salaries
Social security costs
Contribution lo defined contribub.on pension schen*s
264,840
11,585
7,739
216,056
16,889
6,181
284,164
239,126
The average number of persons employed by the Charity during the year was as follows..
2025
No.
2024
No.
Stsff
The number of employB6s whos6 employee benefits (excluding employer pension costs) exceeded
£60,000 was..
2025
No.
2024
No.
In the band £60,001- £70,fy)0
All Trustees and certain senior empbyees who have authority and responsibility for planning, directing
and controlling the activities of the Charity are considered lo be key managem8nt P8rsonnel as listed on
page 1. Total renumerab'on, induding em￿0yer pension coniritsjtions, in respect of these individuals is
£64,57112024. £59,951)
10. TRUSTEES, REMUNERATION AND EXPENSES
During the year, no Trustees received any remuneraknon or oiher benefits12024- £NILI.
During the year ended 31 August 2025. expenses totalling £945 were reimbursed or paid directly lo 1
Truslee12024 - £427 to 1 Trusleel.
Page 24

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THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
TANGIBLE FIXED ASSETS (CONTINUED)
Management undertwk a review of the fixed asset categories ar￿ combined assets Similar in nature and
class including computer equipment. office equipment. fixtures and fitting$ and pl8nl and machinery lo be
within trquipmgnt and fittings.
Valuation of leasehold land has not obtained and therefore no valuation adjustment has been included.
12. DEBTORS
2025
2024
DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayrnents and accrued income
2,070
4,351
2,014
7,407
2,014
13. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2025
2024
Trade CTeditOTS
Other laxalion and social Security
Other creditors
Accruals
33,552
9,729
2,983
13,524
14,938
9,908
579
18.140
59,788
43,S65
Page 26

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THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
14. STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balaneè at 1
Sèptembèr
2024
Balan¢0 at
31 August
2025
Transfèrs
inlout
Income Expendltur8
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Leasehold Property &
Improvements
Benbow Arts Space
Programme
Bam Theatre Extension
Organisalional Reserves
Programme Development
1,217.070
{48,0881
50,901
1.219,883
50.000
so.000
150,0001
3,000
15,000
55,000
53,000
15,000
55,000
1.317.070
{48,088
73,901
1,342,883
GENERAL FUNDS
General Funds
8.257
542.703
{471.4821
173,9011
5,577
TOTAL UNRESTRICTED
FUNDS
1,325.327
$42.703
{519.5701
1,348,460
RESTRICTED FUNDS
Holiday Activity & Fwd
Programmo
Screen South- Britssh Film
Instilute IBFII Film Academy
Three Guineas Trust
Sussex Community Foundation
3,720
{3,7201
12,454
4.000
5.000
{12,4541
{4.0001
5,000
25.174
{20.174)
5,000
TOTAL OF FUNDS
1,325,327
567,877
{539,7441
1,353,460
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THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
14. STATEMENT OF FUNDS {CONTINUED}
DESIGNATED FUNDS
Leas8hold & Pmp8ty Impmvements- This represents general funds whi¢h havo been d&signated to thg
purchase of tangible fixed asseis. The largely relates to the long temi leasehold and build of the Barn
Theatre and Museum at Rodgers Farm. and leasehold improvements (namely installation of disabled
access lift) to Benbow Arts Space.
Benbow Arts Spacs Progr8mme- This represents funds dèsignated for the planning and delivery of the
inaugural year of film-making programmes induding the Benbow Youth Film Colltrctive. school and
collgge visits. work experience programmes. and festival open days.
Bam Theatre EXtens￿n- This represents funds designated lor planned capital improvements at the Bam
Theatre and Museum to create a mulli-use backstage area and extended stage and improvements in
stage lighting and infrastructure.
Progr8mme Development - this represents funds designated for the planning and delivery of new
programmes induding the commissioning and production of a new children's theatre show and a schools
programme for the Children's Intemational Film Festival.
RESTRICTED FUNDS
Holiday Aclivily & Food Programme- This represents funding ￿CeiVed from East Sussex County Councll
for Holiday Activities and Food programme to deliver ¢￿ative holiday projects in Easter and Surnmer lor
children and young people in receipt of free school meals.
Sussex Community FOUndat￿￿- this represents fvndin9 received as part of the Southern Water Goodwill
Fund to deliver the National Salurday Club in Film & Screen for 13-16 year olds
Thr88 Guine8s Trust - this ￿preSentS funding received lo ¢Jeliver a hollday programme for children wlth
autism and their siblings
Screen South- this represents funding received from the British Film Instrtuta via the South East lead hub
lo deliver a BFI Film Academy Shori Course for 16-19 year olds.
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DocJslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
14. STATEMENT OF FUNDS {CONTINUED}
STATEMENT OF FUNDS - PRIOR YEAR
Balanco at
1 September
2023
8alan¢e at
31 August
2024
Transfers
inlout
Income Expenditure
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Leasehold Property &
Improvements
Benbow Arts Space
Programmg
Bam Theatre Extension
994.577
{32,3711
254,864
1,217,070
50,000
50,CIIO
50.000
50,000
994,577
{32,3711
354,864
1,317,070
GENERAL FUNDS
General Funds
75.226
784,254
1496,3591
1354,8641
8,257
TOTAL UNRESTRICTED
FUNDS
1,(￿9,803
784,254
1528,7301
1,325.327
RESTRICTED FUNDS
Holiday Acbvily & Food
Programme
5,621
{5,6211
TOTAL OF FUNDS
1,(￿9,803
789.875
1534.3511
1,325,327
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DocJslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
15. SUMMARY OF FUNDS
SUMMARY OF FUNDS- CURRENT YEAR
Balaneè at 1
Sèptembèr
2024
Balan¢0 at
31 August
2025
Transfèrs
inlout
Income Expendltur8
Designated funds
General funds
Restricted funds
1,317.070
8.257
{48,0881
(471.4821
{20,1741
73,901
173,9011
1.342,883
5,577
5,000
$42.703
25,174
1,325,327
567,877
{539,7441
1,353,460
SUMMARY OF FUNDS- PRIOR YEAR
Balance al
1 September
2023
Balance at
31 August
2024
Transfers
inlout
In￿rne Expenditure
Designated lunds
General funds
Restricted funds
994,577
75.226
{32,3711
1496,3591
{5,6211
354,864
1354,8641
1,317,070
8.257
784,254
5.621
1,069,803
789,875
1534,3511
1,325,327
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR
Unrestricted Restricted
fund$
fund$
2025
2025
Total
fund$
2025
Tangible fixed assets
Current assets
Creditors dLJe within one year
1,219,884
188,364
159,7881
1,219,884
193,364
159,7881
TOTAL
1,348,460
s,￿0
1,353,460
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DocJslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
16. ANALYSIS OF NET ASSETS BETWEEN FUNDS {CONTINUED)
ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR
Unrgstri¢led
funds
2024
Total
funds
2024
Tangible fixed assets
Current assgls
Creditors due within one year
1.217,070
151.822
143,$651
1.217,070
151.822
143,$651
TOTAL
1.325,327
1,325,327
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVITIES
17.
2025
2024
Nel income for the ye8r las per Sl818ment of Finawal Activities
28,133
255,524
AtXlUSTMENTS FOR:
DeP￿CIatIOn charges
Dividends, interosts and rents frcrfn investments
Decreasellincreasel in deblors
Inerease in Creditors
48,087
12,6111
15,4951
16,325
32,371
14561
1,286
21,690
NET CASH PROVIDED BY OPERATING ACTWMES
84,439
310,415
18. ANALYSIS OF CASH AND CASH EQUIVALENTS
2025
2024
Cash in hand
185,957
149.808
19. ANALYSIS OF CHANGES IN NET DEBT
Sopt•mb•r
At31
2024 Cash flows August 2025
C8sh 81 b8nk and in hand
149,808
36,149
185,957
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DocJslgn Envdope ID". A556BBDb6E51499F-9927-3616C4FA53EE
THE BRIGHT FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
20. CAPITAL COMMITMENTS
2025
2024
CONTRACTED FOR BUT NOT PROVIDED IN THESE FINANCIAL
STATEMENTS
Acquisltion of tangible fixed asse15
175,773
21. PENSION COMMITMENTS
The Charity op8rale5 a defined (￿trIbUtion pension Scheme. The assets of the scheme are held
separately from those of the Charity in an independenuy administered fund. Th& pension cost Charge
represents contributions payable by the Charity to the fund and amounted to £7,739 12024.. £6,181).
Contributions totalling £1,448 12024". £5791 were payable lo Ihe fund al the balance sheet date and are
included in other creditors and contributions payable by the fund at the balance sheet date totalling £986
12024.. £Nill are included wrthin other debtors.
RELATED PARTY TRANSACTIONS
During the year, donations of £507,97612024-. £300,000) were received from a company where a Truste8
is a director. Purchases of £6,88012024'. £8091 were made to the company. Other gifts in kind, being
goods donated for auction sale. amounting lo £Nil 12024.. É129.9001 were also received from this
cornpany. Al the balance sheet date. £NIl12024- £1.941 I was owed lo the company, and £1,86412024',
£1,132) was owed lo the Charity.
During thg year, a cash payment was received from a Tnjslee amounling lo £7,773 {2024'. £Nill in
relation to utility bills. At the balance sheet date £Nil12024.' £3,885) was owed to the Trust88, and £Nil
12024.. £Nill was owed to the Charity.
During the year, purchases of £Nil 12024.. £8.0701 were made lo a propriel¢X, in which a Trustèè is a
director. Al the balance sheet dale £Nil12024.. £NIll was owed lo this company.
The Chalily has algase in placg a Trust88 for uso ol land in which a poppgrcom rent is paid.
23. CONTROLLING PARTY
The Charity is Controlled by the Trustees.
Page 32