Brighton Dome and Festival Limited (A company limited by guarantee) ANNUAL REPORT AND ACCOUNTS for the year ended 31 March 2022 *ABIQ7G4B* 1211212022 COMPANIES HOUSE A03 #76 Registered number.. 00889184 Charity number.. 249748 CONTENTS Page The Trustees, Annual & Strategic Report Independent Audilols Report Consolidated Statement ol Financial Activilies 20 Cortsolidated Balance Sheet .21 Company Bala￿e Sheet 22 Consolidaled Statement of Cash Flows 23 Noles lo the Fina￿la1 Statements 24-43 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number.. 00889184) Annual Report and Accounts lor Ihè yèar ended 31 March 2022 TRUSTEES. ANNUAL AND STRATEGIC REPORT The Ttuslees are pleased to present their annual report together with ihe aecounls. which includes both the Trustees, Report and Strategic Report lor the year ended 31 Maich 2022. Reference and administrative details Cha number 249748 numb CM)889184 Princi al Office: The DarKe Space, 2 ma￿et Square. Circus St￿et, Brighton BN2 9AS Banker:" Melro Bank, 79-82 North si. Brighton BN1 1 ZA Auditors.. Haysmècintyre LLP, 10 Queen Street Place London. EC4R 1AG Direclots and Truslees: The Directors ol the charilable ￿MpanY Ilhe Charity) are its Trustees'lor the purposes ol charity law and throughout this ￿port are colleclively referred to as Ihe Trusiees. The Trustoes serving during the year and since the year end were as lolbws= Mr Danny Homan- Chair Mr Judah Amani Ms Lucy Davies Mr Nick Juba Mr Jordan K8nsington Ms Melaniè Lewis Mr Chnstopher Martin Ms Marina Norris Cllr Phelim Mccafteriy Cllr Jaqueline O'Quinn Offtcers end Execlrtive Mana emenl The cuffent office￿. and those who served during the pe￿¢. are as follows.. Mr Andrew Comben - Chief ExecutNe Mrs Amanda Jones- Depuly"Chiel Executwe. Director of Finarce Mr Andrew Caddy- Company Secrelary. Director ol Finance Ms Kyla Booth-Luckin9- Director ol Programming and Participalion ts'ob-sharel Ms Carole Britten - Director ol Marketing & Audiences Ms Beth Burgess - Directoi ol Produclion. FestNal Executive Projucer Mr Peter Chivers - Director ol Music & Arts Ms Zoe Curtis- Director ol Visitor & Venue Services Ms Maxine Hort- Director ol Operations. Mrs Laura Keogh - Director of Human Resources Ms Tanya Peters- Diiector ol Programming and Participation tso1Fsha￿I Disclosure of I￿ormatIOn to Auditor Insolar as each ol the Trustees of the Company at the date ol approval ol this report is a¥Mare thère is no relevant audit information linfomHtion needed by ihe Companqs audiior in conneCt￿n with preparing the audit report) ol which ihe Companys auditor is unaware. Each Trustee has taken all ot Ihe steps that helshe shoLfld have taken as a Trustee in order lo make himselfthersell aware ol any iel8vanl audit inlormalion aThJ to establish that the Cornpany's auditor is aware ol ihal inlomatKin. BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Aeport and Accounts lor Ihe year ended 31 March 2022 Auditor The Trustees were pleased to appoint HaYsmac1nty￿ LLP as auditors ol Brighton Dome and Festival Limited lor the year ending 31 March 2022 and wish lo ihank them lor their professionalism, advice and guidance throughout the peiiod. Appointment of audrtors lor the financial year ending 31 March 2023 will be proposed and discussed at a lulure meeting ol the &)ard in accordance with sectTron 485 01 the Companies Act 2006. Principal activities Artistic Ambition Brigmon Dome The lifsl h*1 ol the 2021-22 financial year was a challenging period w.rth almost no live performances. given the unviability ol presenting events in a socialty distanced fomiat and the whole year was marked ty conlinually changing Covid-19 regularioThs an(J guidance_ Biighlon Festival in May 2021 was the lirst major national event lo fake place since March 19 and we broughl audiences salely back to live pertomiance in a spacially-conligured, S￿Ialty-￿iSlarIced, cabarei-style Concert Hall audrtorium. The majority ol our year-round programme continued to cancel. postpone and reschedule into Autumn 2021 and beyond. We continued otjr pannership wrth Calé Dominica until August 2021, keeping ou foyer doors open to the publ￿ and supporting a social enterprise lor young adulis with leaming diff icullies. After extensive preparations. live audiences at lull capacty ielurned on Fri 10 September 21 wilh many Covid safely measures in place, including reqyiring covid status fof entry. Determined lo remain as inclusive as possible, we accepted negative LFfs arKI offered Ihem at the venue as a service to audiences. This successfully minimised Ihe risk ol infection to our slaff. artlsts arKI audience. Brighlon-based artist Passenger was the lirsl"event lo appear in the Autumn Season to a delighted. full. standing ciowd. Our 'renewal and reopening. planning through the pandemic'had anticwted an Autumn 2021 restart lor live performances indoors at lull ¢apacty so we were as prepaied as possible lin a volatile environmenll and teams commendably resFK)nded to changing working practices and processes. including inwemenling e.licketing and online drinks pre-ordering. .In lotal we presented 127 full capacity live events, including 7 communty eVe￿s, 3 livestreamed talks and 7 s￿Ially-￿iSlanCed pertormance outside ot Brighton Festival.Iwhere we presented an addbtional 25 socially" distanced events in the Concert Halll- The lotal ticketed audience was 140.642 (plus 4.889 during Brighton Festival). There were a loLIl 01153 tsckeled events and workshops across Ihe period12021.. 80: 2020.. 2641. In our Christmas season we retuined to PTèsenb"ng a longer njn of intemalional circus. The large ensemble ol Colurnbrdn acrobats and Musiciar￿ Irom CircolLFrnbia presenled Acelere for 10 performances reaching an audience ol 8,600 and included WOTking wrth The CircLbS Project lo supportlhe creation of a communty ¢urtain- raiser wrth talente(J young P￿pte. In Ihe dance programme, Paradise Losl by Lost Dog was Presented. in a socially-distanced format. and we were delighted to be able to join wth Dance Consortiurn in bringing intematK)nal performance back to the UK as Canada's 7 Fingers presenled the acrobat￿ dance Iheatie piece Passagersat the end ol September. where we saw the highesl audience numbers lor Ihe UK tour. Audiences Telumed enthusiastKalty to an increased comedy prOgraMff￿ 0133 pertomwnces with 47,000 lolal attendance and 88% occupa1￿Y including longer runs of Romesh Ranganathan. Stewart Lee. Ditta Von Tgesg and Hannah Gadsby. The music programme included Se11￿ut visils Irown the much-revered and ex-Brighlon resident Nick Cave with Warren Ellis, Yungblud Iwrth avdiences camping overnight for access). Laura Marting who had been due to appear in Brighton Festival 2020, 2022 BRIT award winner Litt￿ Simz. plus a special tribule lo Matvin Gaye BRIGHTON DOME AND FESTIVAL LIMITED (Company Number. 00889184} Annual Report and Accounts lor the year ende¢J 31 March 2022 from Nu Civihsation Orchestra presenled byTomorfoW5 Warriors. In the classteal PTogrammé both the London Philharmonic Orchestra and Brighton Philhamionic Orchestra brought a reducad number ol concerts and saw much reduced audiences by up to 40%. Our chamber recitals Istill at the Att8nborough Centre ot Contemporary Arts I'ACCA°Il relumed with 6 concerts. includin9 a new partnership with Joanna MacGiegor and BPO principal players. We continued oui partnership with Fane lor authors talks. still online in Apfil including Tracey Thorn, and then in-person with notable sell-outs lor Grayson Perry, Tim Peake and Miriam marg0￿e8. We were delighted to be able to dedThte lime in Jan 22 for a maior eommis8ion with our resident ccxnpany dreamthinkspeak, working in partnership with disabiltty-led Access All Afeas to produce UnReal Cily an Immersive. interactive. VR and live experience translomiing'lhe FouThlers Room into a futuristic vision ot the world and an insight into the lived experience ol some in the leaming-disabled community. We hosted the 5G Feslival. showcasing the outcome of our piongering partnership WO￿ with this innovative techr￿l0gY. Kojo Samuel fflus￿ directed as artisls performed together live while being miles apart across three venues. Newton Faulkner, Memorial, J Appiah and Sylvia Mwenze appeared Itve al Brighton Dome while Lola Young and Natalie Lindi were live ai 02 Blueroom al The 02 and Sipprell and Pgarl Harts were live al Metropolis Studios. Attendees were able to experience whal it feels like to be part ol an augrnenled reality band with a demo ol the NAeal mixed reality glasses.. (o experience immersive 3D audio and see how Ihis improves the listener experience. At home. audiences coubd join in remotely with a live music strèam via their. smartphones. Following 2020-21 eonsukation wth artists and the development ol new partnerships we have continued lo enable artisl-led initsatives to partner wAh Brighton Dome and Brighton Festrval IBDBFI on opening spaces to diverse artists. lor example through the Open Venues scheme wrth Brighton Arlists Nelwork and in hosting sale. tre& spaces lor ¢reaiive practitioners to meei. support each otherand share ideas such as Creative Catch Ups with Iron Clad Creative. We contributed to Ihe Sale and Equal Brighton.consultation. Cham￿onIng the safety of female workets in the eutturd industry aThJ look forward to taking up any recommendations in the forthcoming yeai. Our In House Art1515 were announced in April 2021 - Tanushka Marah, Akila Richards, Emrna Frankland and Victoria Fox.Markiewicz. Each has follow￿ a unique path as thk8 trial project established itsell. Ernrna focused on the creation ol a new large-scale. outdoor commission for Brighlon Festival 2023. Galalea,. Akila Richards co-hosted an array ol poelry, live art and Gommunal art experiences lor public and other artists on hèr Iheme 'Resl is my Resistance,: Tanushka brought new artists and young people into the organisalion through a 'Place al the Table, eveni and worked towards a youlh-led pertormance ol Romeo & Juliet in Brighton Festival 2022; Victoria Continued her dgvelgpmenl ol new work No Sudden Moves. All the artists Conlribuled lo planning and programming ideas lor the re-opening in 2022-23 with provoGations and new points ol view along the way. The scheme was extended to June 2022 to provide more oKportunty lor F*)sl-pandemic ck)sure activity. We were also delighled to be able to restart our programme of Open Days wrth the rtturn ol Herilage Open Day. including a Chattri Merrk)rial Group talk and a speoal day locused on the Worfd Wars including dance workshops. The popular 81ack History Family Day also retumed successlulty in November. In.March we hosted a lull programme for International Women's Day Celebration and an Access Open day including Parable Dance workshops. Brighton Festival We were the lirst Festival nationalty to commrt lo wng ahead in som8 forrn in 2021 wth Lgmn Sissay as Guest Director, and we were rewarded by the response ol the media and the overwhelmingly supportive and positive response ol audiences and artists. We launched the full programme later than usual, at the end ol March, and extended lor the whole rnonth ol May in order lo be able to Pfesenl events outdoors, online and from 17 May 2021, safely back on stage. Given all the chang8s lo reslriclions it was a rnajor achievemeni lo be able lo present 107 events. including 70 in-person evenis. There were 18 outdoor events and 52.indoDr. including 30 free evenls and 37 online events, many ol them livestreamed. This represented 1.228 performanceslvisitor slots and 124 visual arts BAIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts lor the year ended 31 March 2022 inslallationsloutdoor experience days. The in-person lickeled events were al srxialty-distanc8d in our Concert Hall in cabaret style wlh a total capatty of 32012019." 1600-18001. Total ticketed audience wa5 19,935 including 2.189 lor online events, ol whlch just over 1.W) were Pay to View. Overall audience allendance acr05s Iree events (outdoor. indoor installatM)ns and online) reached 60,000 and our total audience reach was 80.271. We attracted 78% 01 ihe achievabl8 capacity (which was variable due lo the social distancing format and audience group sizesl-, 91 % for the cHJtdoor evenls. The focus was reengaging oui exisling audi&￿eS - buihjing confidence in retuming to events. expanding on the digital audiences we had been attracting year-round, and also working wtth Ihe three Ouf Place comrnunities and targeting in Festival evenls locations including Portslade and Worthing. ' Some notable su¢¢esses weie Arrivals + Departures which had 1.120 submissions, with names lorthe boards on display in Pavilion Gardens- higher engagement Ihan in Lonth)n OT New York. Our online Festtval commission with Lemn Sissay. Tell Me Something about Famify. hostaj over l.(X)O coniributions ol stories and memories from right across ihe globe online the bespoke online platform. HALO al ACCA managed to keep increasing the possible capacity orKe it opened and had 3.668 altenders. 81% of the final capacity. 14ay Lee's sound and light installalKon retrospeclNe Points olDeparture at Shoreham Port was the centre piece FestNal experience and mosl talked about event- selling out due to word ol moulh and social post sharing including 3 e￿ra lale-night slots and attracting 5.900 attenders - despite1051ng 3 sold-oui evenings due to the weather. This was 98% of the ￿MainIng available capacty and is one ol the highest attended Feslival licketed events ever. Other highlights inclLKled.Olalur Eliassorb's Tha Forted Forest Path at Fabr￿a. which saw over 11,000 visitors and Ihe ielum ol Blast Theorfs sok) cycling medrtalion Rider Spoke. We were delighted lo be able to present a number of tsrtelled events from 2020 in our Concert Hall cabaret format including Eliza & Martin Carthy's Un￿￿e folk celebration ol music from the Easl ol England. Easf, Le Gateau Chocolal's Liminat. Cairin Finch & Seckou Keila: pianist Paul Lewis and the Chinekel Chamber Ensemble alongside Ihe Strings ol the Royal Philharmonic Orchestra and a series ol lunchtime recitals, all ol which were also livestreamed and available lo watch again. The marketing campaign was predominanlty digilal without a printed Festwal brochLbTe, using a Creative mulli- imagè 'Welcomè Back. campaign lo inslil conliden¢e, restore joy and emphasise the wg11.baing ot the arts. Our extensive safety Messaging emphasised our Covid safety measures. We relaunched a brand-new Brighton Festival website wr(h much improved capacity lor digital media conlenl and the crealion ol an integrated online events portal. With a reduced campaign timeline, we still attracted 116.307 Visilofs and 785.318 Page Views. The yearfs media campaign resulted in an impressive 69 pieces ot leleviwon and fadh) coverage WTth 518 pieces ol online coverage and 127 pieces of print coverage. H￿hlIghts from 14 national TV & radio pieces.. Lemn Sissay & Jane Horrocks t)oth appeared on 88C 2's Inside Cullure wilh Mary Beard: Live is Alivel tealured on BBC Breakfast - 2 interviews on BBC Radio 4's Front Row and 3 on BBC Radio 3's In Tune and multiple gional TV piKes across BBC South East & ITV Merbjban. Ofj thè 100 National pieces ol print and online coverage. highlighls were Lemn Sissay interviewed in Financial ' Times and Guardian Online feature on HALO. We generated 39 revrgws lin¢luding 18 national reviews) with starred reviews averaging 4-slars. BRIGHTON DOME AND FESTIVAL LIMITED (Company Number.. 00889184) Annual R&port and Accounts for the year ended 31 March 2022 Ouf media partners Radio Reve￿ produced 13 hour-long Brighton FeslNal shows and nearly 40 hours ol iepeats and podcasls wrth mre tkan 30 Brighton Festival artisls and producers interviewed. BBC Raditi Sussex ran a Iwe broadcast Irom Pavilion Gardens on the opening weekend ol Brighton Festival. All our social medra channels saw 9￿Ah do(Jbling our iffwact from 2019. Instagram gained 2.6k lollowets in 1.5 rnonlhs and reached 10k in the first week of the Fesb"val. Audience leedback was extremely posrtive with many Commenting on the salety of the events and care and attention ol the slalf. We had Audience Surveys Ifom over 1.500 tickel bookers at paid events 86% gave a high-qualty raling150% would give the Festival 5 stars, 36% 4 stars). 23% walked to their event 58% by sustainable transport. 10% identified as having a disability. Our oveiall audience reach lor the organisalion across Brighton Dome & Brighton Festival for this pellod was 224.32512021.'73,921; 2020- 391,0821 which was slill just 55% 01 our pre Pandem￿ target. Create Music SirKe April 2021 Create Music Ilhe Music Hub lor Brighton & Hove and East Sussex} has been lo¢used on returning to lace-to-lace music-making in range ol sellings. both in and outside ol school and determinedly rebuilding numbers ol children and young people engaging in tuition and aclivilies. By February 2022. the nurnber ol learners in instrumental tuition had reached 4.800. 8P% of prtrcovid levels. Regrowing Whole Class Ensemble luilion programmes in sC￿oIS has been slower lo recover lolk)wing Ihe pandemic. By March 2022. 71 schwls were engaging in WCET programmes. and we will contin￿e to support schools lo re-engage in this programrne over the coming year. During the summer term. we piloted a retum to live music-making in ensembles via short courses al each ol oui live regional MUS￿ cenlres (Brighton. Ea51boume. Haslings, Lewes and Wealdènl. Following the su¢¢ess ol these courses, our Music Centres reopened with full piogrammes of activty tsking place on Saturday mornings and weekday evenings, Ifom September. An associated programme ol public performances has a150 been reintroduced since September, with a blend ol online and in.person perfomiance events building across the year. A new development lor Create Music in the pasl yeai has been our involvement in the Department lor Educalion-funded 'Holiday Activity and Food. programme. offering music aciivilies alongside a programme ol physical activity and lunch lor children in receipt ol Free School Meals. Ouring the Easterand Summer holidays in 2021, Cieaie Music delivered HAF courses in Béxhill. Heathfieid and Lewes.. in partnership with Bexhill Museum and De La Warr Pavilion.. with pSans io expand the programme in the coming year. During July-Au9USt 2021 Create Music also developed a new digital summer school offer which included online courses designe¢J to help young people develop skills in drum kit, ukulele. guitar. Garageband and song- writing. Following a successful joint course in the summer tenn, Create Music brought together two youth orchestias.. Brighton Youth Orchestra and South Downs Youlh Orchestra. to form one new group 'Brighlon & East Sussex Youth OrcheslTa' a 90-strong ensemble ol young people from across the region. During the spring BESYO began wofking towards their first public perfom)ance Ihal will lake pLace as part ol Brighton Feslival in May 2022. In October 2021,. Create hAusK rel￿ted lo new p￿MiseS called SouThJ Rooms on the Lewes Road, Brighton. This new partnership had been in development lor several years and provided our young music¢ans with purpose-buill music fooms in which to rehearse ar￿ create music. The building was designe(l as an accessible music space with our inclusNe orcheslra'o360' starting rehearsals in the space during the autumn term. Initial feedback was very positive from young MuS￿rans. parentslcarers and staff. Create Music provision ai Sound Rooms developed acro￿ the year lo include music production. composition. and creative music workshops. co-designed with young people. Supporting schcK)Is to TeintroJuce singing has been a signrficant locus. beginning with 'Mr Bubbles has lost his Smile, a new work tor children iri Key Stage 1 Ihat wa5 premiered in June 2021. Create Music commissioned this collect￿n of songs and accompanying leaming resources and supported 46 inlanl and SP9cials schools to lake part in a digitsl perforrnance. BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts lor the year ended 31 March 2022 Building on the success ot'mr Bubbles. Create Music worked with our partneTS,' Glyndeboume. to co-develop a digital singing programme that was delivered during lh& autumn lomi, cvlminating in a digital premiere that . was broadcast on 15 Oecember. Singing groups trom primary. secondary and special schools from across the region learnt the songs during ihe autumn lem. supported by a PfograFnme ol Continuing Professional Development workshops lor school singing leaders. 116 schools look part in the project with an estimated 3,500 young people singing simuiianeously in the premiere performanee.'The Big Sing 2021 was also viewed over 12.000 times on YouTube during the week ol the lirst performance. Create Music is the lead organisalion lor the regional. youth-music funded programme 'Our Future Music, which locuses on the developmenl ol inclusive praCt￿e in music. The piogramme has now entered its fourth year and continues to facilitate youlh-led music spaces in Easi Brighton ar￿ Hangleton (offered as a blend ol. online and in-person activities), delwereé in partnership with AudioAclive', inclusive ensembles lor young people with Special Educational NeedslDisabilAies through 0360 in Brighton and PIER-.1 in Eastbourne,- and a programme ol professKJnal development lor music leaders. In December 2021, Create Music gave a presentation aboul this work and specih'¢alty the impact on laking part in inclLJsive music ensembles on the well-b8ing of participants, at the Music Mark nalK)nal conlerence. led by PhD researcher Maru5a Levstek from Universtty of Sussex. A fifth year of funding has just been confi'm)ed, extending this programme until March 2023. Supported by the Gultural Recovery Fund IfRPI granl. we laLtnched our new idgntity 'Create Music, in January 21Y22, bringing together Brighton & Hove Music & Arts and East Sussex Music under one. new nawne. A new web51te was also created. wrth a locus on InC￿a$1ng accessibility lo the multiple progression pathways and opportunfcies in music offered lor children and young people acfOSS the region. The new website also has improved facility lor parentslcarers to book aclNilies and courses online, driving up applications for our instrumental ttjition scheme. mLlSiC centre activrties and short courses. Future.Cieators Over the year Future Creators (Cullural Education Partnership) has locused on skills development, pathways lo employability and ulilising young people's creativily to enhance their life ¢hances and well.bging. We have developed four strategic work Sireams thal link io the Future Creators goals= 1. Creative Leaming. Skills and Talenl 2. Creative Enterprise 3. Creative Well-being 4. Creative Connections .Within Ihese work-slreams. our areas of focus have been the Kickslart. Cities of Leaming aThJ Well-being programmes. The work ol Future Creators continues to grow. ewially around skims devebpmenl. Our Kickslart Gateway offered over 190 placements acros5 over 35 organisations in the region. Our programme Kickstart 4 Creatives, funded by the Dèpartment ol Work and Pensions, was designed to offer training and 5UPPOrt lor young people when applying lor a Kickslart placement. The courses ran online. and 160 young people look part acfOSS the South East and North London. Digital Badges underpin all our work with the DWP and we issued ovei 300 K￿kstart Digital Ba¢Jges to thkstart Champions and participanls. We also hosted a Kickslart Jobs Fair al Biighion Dome with 180 attendèes and 40 employers oflerin9 job ¢)pportunitses ol the day. Further proj8¢ts are in development with DWP to support both employability arbd wellb9ing. Davies. the former Mini8lerfor Employmenl. officialty opened the new Brighton JO￿entrepIUS in October, and Future Creators were asked to deliver a workshop for the creative freelancers of 8righton and Hove who nèed support to build their skills and their businesses. Over 50 people atterKled the,￿"stening Circle., i￿luding Mims Davies. and a5 a result, we have been invited lo propose a package ol support to enable creative sell- employed and Ihe freelancer corNnunity lo buibj sustainable inwm8s and reduce their dependency on Universal c￿di1 contributwjns. We continue lo work nat￿nalty wtth the Royal Society ol Arts lo grow afKI develop our Cities ol Learning programrn8. and the ASA has made a commitment to developing the Cities ol Leaming model into all regions BRIGHTON DOME AND FESTIVAL LIMITED (Company Number.. 00889184) Annual Report and Accounls lor the year ended 31 hharch 2022 ol Ihe UK. FuluTe Creators have been in discijssion with the RSA regartling a ¢onlract to delwer mentoring supwrt to new places natNJnalty. including Tees Valley. Bradlord and CambrKlgeshire. FutLJre Creators is well placed lo contrnue to support growlh rn new places thai come on board. During th8 past y8ar Future Creators dev81op8d a proposal and applied to the UK Communities Renewal Fund, which focused on skn.lls development and employability- The model proposed was based on Cities of Learning and broughl'togelher key partne￿. includFng East Sussex College. Talent Accelerator and the De La Warr PavilioTr. The outcome of the bid was unsuccessful but the prtxess of developing the proposal has strengthened partnerships and inlofmed Ihe development ol lulure work f(used on employability. In February. Sussex Chamber ol Commerce ran a stakeholder event regarding the Local Skills Improvement Plan funded by the Department lor Education. which Future Creators attended and was able to demonstiate 'how digital badges and Crties of Learning mighl support Some ol the proposed activity. Future Creators Continues to be invrted to discusstons and to help lirKI solulions to skills gaps and a need lor a different more flexible approach lo skills development, meeting employers, needs. During this perh?d discussions commenced with Artswork lo become a signrficanl partner in Cilies ol Learning. It is hoped that their involvement will help supporl a wide range ol arts and cultural organisations in the region. lo be able to support employability skills. wellbein9 and ¢￿atIVity, through digital credentials. utilising creativty to enhance well-being and bvikfing on our 'Be Well, rrEthodology, Future Creators has established a popular rr￿de1 ol holiday art clubs, offering mijch-needed provisK)n lor Chiklren in Care during the school holidays. The model has been co-designed with young people and the Vwlual School for Children in Care offering multiple courses across Ihe year with opportunities lor young people to learn new skills. connect wilh others and wowk towards aehieving an Arts Award. The Future Creators '8e Well. schools programme has aLso continued, vmlh a successful zine proiecl and one secondary school in Brighton and culmination of the Write Sounds. project with a cluster ot 10 schools in the eity. both focused on developin9 and embedding ¢reatNe approaches lo supporting literacy. working wrth teachers and pupils Irom Key Stage5 1, 2 and 3. Cornmun Pro nd Cfeative Leainin We laced continued challenges with inviting people into our building or safely a¢¢essing other spaces due.lo changing pandemic restrictions and the majority ol the Programming and Participab"on team were lurloughe¢J. until September 2021. We were able lo deliver an exciting curtain raiser proieci lor our Christrnas circus show working with Brighlon-based CITCUS Project lo rapturoLts reception. We also participated in and facilitated A Song lor Easl Sussexwlh Normington Streel and Afro Ihe Poet. We have used this time of reduced capacty to make plans lor the refurbished Studio Theatre and Com Exchange new offer lor participation and engagement. with plans to take our s￿￿eSSIu1 community engagement Fesiival project. Our Place. inio year-round actNity. Both 'Forward Facing, and 'UmbrelFa Club. activities were postponed again to Autumn 2022 as live activities . were deerned unsafe lor vulnerable children and their families. We extended live stieam and Concert Hall eveni I￿ketS to the la￿lI1e5 in Umbrella Club SD they could wntinue to access the arys. The first event we supported was our Dance Consortium show. Passagers ITOM 7 Fingers and rnany ol the families weie able to attend safely and d81ighted to be back experiencing live theatre. Whilst il has been ehallenging to go into schools for our flagship. award-winning 'Miss Aepresenled, Projeet we took an opportunty lo add an all-male group REPRESENT to our programme ol activity- The young men were in the criminal justice system and had 5UPPOrted opportunities lo make their own music alongside excellent male artists. Two men from the projecl have made some exceplKJnal music which is featured in a short documentary film ol the proiecl. Workforce Wellbein uali & Diversi BRIGHTON DOME AND FESTIVAL LIMITED (Company Nurnber.. 00889184) Annual Report and Accounts lor the year ended 31 March 2022 The gk)bal pandem￿ has undoubtedly affected our staff and there is a continuing need lo support our siaff with mental hearth Trssues that may have developed over this time or become acute over this period. We ran our annual Well-being SuNey in Septeni)er 2021 a￿1 tollowing Ihis we have sutty)orted staff by running regular NHS checks available for staff aged 40 OT over. with 100% take up ol ihese. We also trained new Mental Health Firsl Aiders in Create Music and are planning to train more staff in thè luture to support our stall al work. On 4th November 2021. we ran an online wlorkshop lor managers on mental health and how to support someone, run by MIND. We have also continued our regular all staff meetings online and our staff newsletter. we have promoted the use ol our Employee Assistance Programme and ran an in.petson well-being event on 'Time to Talk day. lon 7th February 20221. whKh aims to reduce the stigma assoc￿led with menlal ill health. We have continued to hold our Equality & DNersity Action Group meetings online each quarter and in January 2022 we started work on pr¢Jducing an anli-racism strategy lor the organisation. Belofe the end ol March. we had conducted Iwo surveys with our staff and held a listening circle for our ethni¢alty diverse slaff to shale their Ihoughls In a conlidential enviionmenl. The resulls from Ihis work were made availabFe in April 2022 armj this work will continue during 2022. The Programming and Part￿￿patIOn team have conlinued to identify opportunities lor a diveTse programme despite the shift in timeline on Ihe Com Exchange and Sludio Theatre reopening. We hosted a week ol activities ded￿ated to black and brown people hosted by poet and willer Akila Aichaids and staff, trustges and patrons wer8 invited lo join this as part of ¢onnecling EDAG conversations lo our programme. Working with the In House Artists we have identrfied a number ol exciting artis15 we will programme in Ihe reopening season. reflecting the divefsty ol contemporary England. Qur online diversity book club 'Diverse Voices. was launched In September 2021 following a diseussion at EDAG and our Oisabled & Carers Staff Equality Group was eslaf)lished in July 2021 ar￿ has mel on a quarterfy basis since then. The group is aclive in supporting the organisation lo review current poI￿leS and pracli¢e lo ensure that none are a barrier lo ￿her dISab￿d staff or stafl %wlh caFillg respon8ibililies. We 18vnclJed Stall Savwy new HR & rolaing system in Juty 2021. which allows candidates to completo onSine recruitment apPI￿atiOnS which are anonymised during short-listing and as part ol Ihe onboarding process all new staff are required to provide us wrfh their equalities data before they are addèd to payroll. We hope thal this will encourage staff to prowde us with this inlomation to help improve the qijality ol the data we hold. The systern is also helping us lo collate recnjilmeni monitoring data. which will help us to identsfy ihe groups Ihal we need lo largel and whether there a￿ any barriets dunng the recruilrneni proces5. In September 2021. the OWP held a kickslart recrurtment laii in the Dome Concert Hall and we recruiled a rhumber ol kickslart placements lor BDBF at this event..In addftbon. we have had recwitment stands at our Disabled Acces5 and BHM open days. where we have activèly piomoted working or volunteèring lor our organisation. All ol our jobs are advertised on Communiybase. Communrty works, Artsjobs. Disability Arts online and on the DWP websites as well as on our own social media sites and.exieTnal websile. Since September 2021, we.have monitored the number ol job applications we receive from particular gfoups when advertising jobs li.e. Disabled people and ethn￿allY diverse peoplel- The equalities targets we set during early 2020 Ipnorlo the pandemic) have been carried through lo 2021122 $0 that we Can work lowards reaching. these. they are 20Ya ol our worlrtorce being ethnulty diverse and 10% of our workforce being disabled. Our stsff group is curTeniiy made up 0114% ethnically drverse"people wrth the local demographic being 20%. In addition. our staff group are currenlty made up of 6% who identify as disabled with Ihe local demographic being 16% (we sel our target a5 10% to be realistK coming out ol the pandemic). 80th ol these groups are groups we aclwely encourage lo apply lor our posts via positive adion slalements. We remain a Disability Confident Employer under the Disabilty Confident Scheme and are lookin9 to achieve level 3 of this award. which would be to bacome a DISa￿'litY ConlKlenl Lea¢Jer. We are also a member ol the Disability Action Alliance Volunteer Charter. Our training programme lor 2tY21-22 has included a variety of equalities workshops for staff on Ihe.following'. Neurodiversty Disability Awareness BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2022 Trans Awaiengss Our>CUTrent anti-racism programme will provide staft with training in July 2022. Conlerencin & Private Events The number and scale ol conlerence and private events continued lo be reslricled in 2021-22 due lo the ongoing closuTe ol the Com Exchange and Studio Theatre and Ihe effect ol the pandemic on the events industry. Free dates in the Concert Hall continued to be prioritised lor rescheduled shows and comme¥cial hires. Oespite the ongoing challenges, we.were able to respond lo a few opportun1ties, including hosting a well- known retail brand to complete high profile filming lor severaJ.days. Other.avents included two rescheduled events for repeal bookers. Ongoing uncertainty in relation to restrict•)ns and variants continued to pose challenges in the period with most long.term bookers and clients d￿ldIng to p)stpone their events unlil 2022-23 when the Corn ExchaThJe and Studio Thealre reopen. During this per￿. we continued lo use the lurtough scheme and worked to develop reopening plans lor the relufbished venues. including the procurement ol a new CRM system to help maintain excellent commun￿8t￿)n$ with cufrenl and fulure bookers. Bars & Catefl With most events within 2021-22 subjed lo some Covid restrictions, the locus of th8 bais team was on how to deliver a sale and effective bar service to audiences. The first programmed events 012021 in Brighlon FeslNal gave the team the opportunity to conlinue to provide pre-ordering and in-seat sales seNi¢e. albert lor a reduced programme ol socially-distsnced events.. We also continued our partnership wrth Tearn Domenica and the easing ol iestrictions meant Ihat they could reopen the cafe and offer lood and collee lo Feslival audiences in our Foyer in May. The cale oller ran untd the summer when Team Oomenica decided to return to their ¢Ofe operations at other sites. The bars remained closed unlil the autumn ot 2021. alkjwing continued use ol the lurlough Scheme by the team and Ihe completion ol delayed projects. such as ihe installation of a new till System in the Concert Hall iri time loi Septemberfs events. The team also succèssfully tendered lor a new brewery partner to supply the Concert Hall and new Gallery Bars when they open to se¥vi¢e the refurbished Corn Exchange and Siudio Theatre. The lender locussed on product range and value lor money, bul also the environmental and social impacts of the various suppliers. ' Through the process we were lucky lo meet with many impressNe local bfeweries. somp national cornpani8S and were delighled to award the tender to Bedlam Brewery. Bedlam are a Sussex-based brewgr whose ethos and aims align very much with BDFL'S and their awaTd-winning beer5 offer the perfect range'ol iraditional and craft to rneel the need5 of oiii dive¥se customers. Although the Concert Hall was able to lulty reopen in Sepiember Ihe team SIFII had lo navigate a muttilude of Covid miligalions lo ensure the safety of staff and customers. Perspex screens were installed in front ol every sales winl, masks wom by slaff and a new queuing syslem put in place to avoid overcrowding at the bar." We wer8 also able to continu8 using the online ple￿rdering seryice, and set up Sepa￿te collection points across Ihe loyer, catefing to the drfferent confidence revels ot the relurning audience and enabling cu5torners to salely enjoy.drinks while avoiding crowds rf Ihey wished. These measures have adapted and flexed with the godual easing ol reslriclions. allowing the bars to eventually retum lo the speed of Sery￿e and levels ol income seen prior Covid. eals and Fundraisin 10 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual RepDrt and Accounts lor the year ended 31 March 2022 During 2021-22, Ihe lurKJraising team corilinued lo work ck)seTy wth other departments lo nurture donor relationships and rnainlain lurKITaising income st￿aM5 whi18 Still navigaling the impact and the unpredictabl nature ol the pandemic. The luller artisti¢ programme this year helped us exceed the relorecasl fundraising income target slightly. including additional project granl funding. an unresiricted maior donation. new major corporate sponsotships as well as our membership and patron schemes growing a￿￿. We are immensety grateful for all the C￿lIn￿ed and new support ol our major donors, patrons. members, online donors. Irusls and foundations and corporate sponsor supporters. Togeiher Ihey supporled our core operations, as well as specific projects such as new Brighton Festival 2022 artist￿ commissions. Urnbrella Club lor children with life-shortening conditiorks. Our Place community w-crealion programmg and Inclusive music education activities IOT children antj young people. Thank you to trusts & foundations Andrew Lloyd Webber Foundation. The Chalk Cliff Tru51. The D'oyly Carte Charitable Trusl The Pebble Tru51, The Rayne Foundation and Youth Music. In tems of corporate support. the University of Sussex continued as our major sponsor and MODA Living carne on board as a new rnajor sponsor. as well as sponsors Soulhem Water. Brighton Girfs GDST, Selils Ltd. 8righlor) College Nursery. Pre-Prep & Pfep School and Libo. Our established individual giving programmes, namely membership Iffom £35 per year) and patrons1£S00+ per yearl started growing again lollowng the impacl ol Covid-19. The Patron5 Circle incieased from 72 members in 2021 to 82 in 2022. Pre-paThJemic. in eaty 2020 we had 74 patrons (including iwo at the £SCK) entry level). The total number ol Members increased to 2,314. Pre-pandemic. we had 2,699. Patrons and ' mem￿r$ are also our most loyal ticket buyer groups. signrficanlly contributing to ou¥ ticket sales income throughout the year. Ca ilal redevelo ment. The redevelopment project. wh￿h slarted on site in 2017, is Phase 1 01 Ihe Royal Pavilion Estale Masterplan and includes restoration ol the Grade I listed, 2Wyear-old. Com Exchange to increase the sealed ¢apacity to 500 and deliver subslanlial improvements to Ihe 200-seat stud￿ Theatre. The relurbishmenl also provides a new street-laeing restaurant on New Road plus new bars and Iront ol hotjse areas lo improve the visitor experience. Production and back-ol-house facilities will be upgraded, and a new heritage interpretalion will help people to understand more about the history of these important buildings. A new rehearsal and development space. dedicated lor artistic use. will enable rnore effective partnerships with a wider range ol community groups and arts practitioners. The project aims to decrease running costs and enable a more effi¢ienl operation ol the building. The new spa¢es offer BD8F the opportunity to generate more self-earned incofre. to invest into the upkeep ol the heritage spaces and an increased programme ol artistic and participation aGlivilies. The ongoing pandern￿ and volalilty of suppty chains"creaied by the war in Ukraine have provided a continuing background ol challenges lo the project with rising costs. lundfaising prèssures. and ongoing delays to the project progfamme appa￿nt in 2021-22. We continue to work Closely with 8righlon & Hove City Council, who own the venues and lead on the project and very much appreciate the council's continued support. We are also gratelul for funding secured from Arts Coyncil England's Cultural Capital Kickstart Fund and Irom Narional Lottery Herilag8 Fund's Heritage Capdal ￿"Cks1art fur￿. both part ol the Department lor Culture Media and Sport's £1.57bn Cultural Recovery FurKi package. whiGh ha5 helped to lund 50me.ol the shortfall crealed by Ihe pandemic. Despite another challenging penod for the build. woth on site has continued arKI we have seen great prog￿SS on what is a complex project. Maiof milestones include- insta15ation of the Corn Exchange's oak flooring and new relraclable seating unit rep￿cement ol the Studio Theatre's copper rcN)f and decorative fibrous plaster ceiling - commencement ol second fix mechanical and electrical services - in5tallaliDn of slaiTcases lo the central Gallgry arfya and SttJdio.Th8atTP Work to progress h8rilage interpretation. wayfinding, ¢alering fir out and tligilal signage schemes has been lurlher developed in the per￿ and tenders completed for pr¢xlucts"on loose eqUiw￿nt. Following public BFIIGHTON DOME AND FESTIVAL LIMITED {Company Number. 00889184} Annual Report and Acwunts for the year enijed 31 March 2022 advertisiro and a commercial call-oul we svccesslulty placed the restaurant opportunity and plan to anr￿Unce Ihis exciting partnership in the coming months. Plans lor reopening the venues are starting to lake shape with the team rth¥ targeting spring 2023 lor lest ev8nts. We continue lo lundraise from private giwng lor Ihe project and r2.$ millk)n has been secvred to dale. This lundraising will continue through lo reopening and includes our name-a-seal appeal, as we coniinue to reach across our audiences and engage the Wkler public. We are very gratelul to the individual donor5 and ITL151s and loundalions, Emest Kleinwort Charilable Tfusl and The Lawson Trust, for.their supwrt Ihis year. Herila Inter ratation and ActNi With much ol the team lurfoughed we continued ourcommitted group ol volunteers with moslly online meetings and activrties. We weie delighted lo be able to hold an in-person Heriiage Open Day in September 2021 with 40's Iherned activities bringing Ihe 'Joan Nash, story lo lrfe. We worked with heritage consuhanl Clare Adler lo revis@ our Heritage Activity Plan lor the remaining 18 months ol the project whKh will lead lo nine activities brihging our heritage stories to lrfe ahead of reopening in 2022-23. Our oral history project continued with Volunt￿r5 learning interview skills and then conducting oral history interviews lo bring Ihe memoiies of real people centre stage. At the end ol the year. we were able to bring a new Community Engagement Manager (Herilagel on board lo deliver Ihe revised activty plan. Environrn ntal Sustainabilit Energy In 2021-22 we carried oul woik lo ielrarne our Environmental Policy and action plan from 2022 onwards, looking towards 2030 as a mile￿One when we will aim to have minimised our own S¢ope 1 & 2 greenhouse. gas emissions and ollsel carbon that cannot be eliminated from the operation. By 2030 We will also have limly embedded the expectatK)ns we will set lor our suppliers and value chain. setting us on the load lo Net Zero. The tiend recognised in 2020-21 around increased energy use conlinued,.owing in part to the recommendations ol speciali51 organisauons such as CIBSE, HSE et al in respect ol maximum venlilalion rates. As v8nlilation was increased in spaces this resulted in harder working cooling and healing systems. Actual costs to run the systems in these modes will be infinitely variable dLse lo changes in outside and Inside ali lemperalures, so we can onty pui a notional figure on the extra cost ol healing or chilling the air. Analysis also suggests that Ihe 'base k)ad' outside ol event persods. lor example overnight, has increased and Ihis is thoughl potential￿ to connect to the redevelopment. lrnproveLI metering ol gas and eleclriGily serving the Museum and new restaurant is one expected outcome from th8 redevelopmenl. The venue consumed 1.050.080 kwh of electricity and 694.445 kwh ol gas in 2021-22. In 2019-20 when the venue compleled almost a lull y8ar of operation before c5osure lor Ihe pandemic C¢Jnsumption was 773,409 kwh electricity1-26%1 and 452.460 gas 1-35%). Now thal requirements around Covid-19 have reduced we have sought support lo creale a revised strategy to manage ventilation. The savings in energy and costs CTealed by that are expected to be recognised in 2022-23. 100% 01 the electricity purchased in 2021-.22 was verified independenlty as renewable. Unprecedenled increases in energy costs were seen in the second half ol the financial year. exacerbated by the Aussian Invasion ol Ukraine. Our 3-yeai fixed eleclricity contract ended on March 31 2022 and. ahead ol this. detailed work look place to explore the options best abl8 to protect from rising prices and the volatility at that time. We considered whether this pressure should cause us to temporarily slep back from our 100% renewable energy commilment lor cost reasons, however the additional cost lo obtain a renewable guaranle8 was estimated at less than 1 Ok within a much larger budget and so green energy and its role in our overall commilment to Environrnenlal Responsibilily. ultimately held priority. Ahead of the $V￿ch lo the higher lartht in April 2Q22 we carried out a staff energy-saving workshop. engaging staff on the actions thai they can contribute to in order to save energy. We've also set as'high Priority the investment in scoping and installing more energy-saving technology In areas that can still benefil. 12 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number". 00889184) Annual Aeport and Accounts lor the year ended 31 March 2022 12a Pavilion Buildings. still the main office premises IOT the organisation in 2021-22, was opened in April and May and from Septèmber onwards with reduced capacrty. EleCtr￿ltY consumption was 71,496 against 81.842 kwh in 2019-20 representing a 14.5% decrease. We have made plans to move to a smaller premises in Summer 2022 with stafl encouraged to adopt a hybrid working style. Water Qinsumption ol waler in lh8 Concert Hall was 2.205 rn3. 54% lower against the 2019.20 total 013.401 m3. Consumption al 12a180m31 ieduced by 70% compared 10 2019-20 levels1272m31. Waste The pandemic generated new reouiremenis for consumables which would nol otheThvise be a leature in our operation, most notably lace coverings. However. we introduced a PPE recycling bin al the v9nue lor slatt use. The move from print8d tickets to print al homelpaperfess ticketing over the pandemic means we bok lo make a saving o1242,O¢XJ paper tickets and associaled envelopes and postage emissions. In 2021-22 the venue produced 222 ionnes of waste against 269 tonnes in 2019-20. The proportion ol waste recycled was also the highest ever at 69% 01 overall waste. The clearance of the 12a offices contributed lo this a5 Staff were encouraged to digitisg records or dispose of those no I(￿9&r requirgd and n￿st ol Ihis was securely recycled. Other 8DBF'5 Environmental agenda benelitted Irom. a successful &month Kickstarter placement Irom January 2022. As the lirsl ￿ed￿ated member ol staff employed in an Environmenlal Sustainability role, progress was made to support tearr6 to relresh signage. organise an energy saving slaff workshop and a Gréen Team Environmental action planning session. reseaT¢h carbon ollsetting options for audience travel. run a Siall sustainable travel incentive scheme over Festival and develop BDBFS sustainable travel plan. Audience travel to our events created nearly 60% 01 our carbon loolprint in 201 ￿20 and is a high priority in reducing Scope 3 greenhouse 9as ernissions. We're encouraging our audiences to reduce car usage and where they cannot walk or cycle readily to us. to use public iftnsport. Wè larg81 to increase to 53Yo ol our audience tiavelling SLtstainably Irom the cUr￿n1 49.7%. FinancTral Results Consolidated results are presented tor the year ended 31 March 2022 with a rewrded gain on unreslricted nel operations of £622.26712021= Gain E2.418.6791. Financialty, 2021-22 was a year ol recovery following the Covid-19 pandemt. The Tesumplion ol lull capacity events in the Dome Concert Hall as well as delivering ill classioom Music lessons enabled us to grow our earned income during Ihe year to £5.369.99912021'. £1.843.9831. Ouf income was siill heavily impacted by the pandemic. particularty during rhe lirst haw ol the financial year, and we were reliant on the assistance olfered by the government's lurfough scheme and Culture ReGovery Fund as well as conlinued support from our regular lunders and exlremety generous donations trom our patrons. member5, and audiences. The Charity eamed 44D/.12021'. 18%) of rts norrnal operating income from licket sales, sponsorship. catering ané the pnvate event income channelled through the trading company IBrighton Dome and Feslival ITradingl Limited) and 56% {2021= ol its income through grants and donations. 43% 12021: 52V.l ol nomial operaling income came Irom the Charity's two public lunders- Brighton & Hove Cily Council {BHCCI and Arts Council England IACEI. The Charity has a long-lerm ag￿eMentI27 years rematningl wilh BHCC that d8termines the details ol the Lease ol Brighton Dome. the Sinking Fund and the Arts Fund which supports the activity ol iK•lh Brighton t)ome and Brighton Festival. In 2020-21 the Arts Fund contribuled.£1,791,26312021.' £1.766,5311 lo income. The Charity is a iong-stsnding Nalional Portlolio Organisation ol ACE with confirmed lunding Ihrough to 31 March 2023. 13 BFIIGHTON DOME AND FESTIVAL LIMITED (Company Number.. 00889184) Annual Report and Accounls lor the year ended 31 March 2022 CTeaie Music generated income Irom tuition and Workshops total1in9 £1,778.137 12021.. £1,617,107). As a resuli, lolal expenditufe on Crealrve Leaming activities also increased year on year to £3,.482,933 12021.. £3,134.9321. Reseafch and developmenl Costs. lor the year were £3.94712020.. £11,1¥2). The Trustees would like lo thank all of our supporters, funde￿ arKI staff lor the continued support throughout the Covid-19 pandern￿. withoul whom we would have had to drastically cut our charitable services and outPLbt and endanger our long-tefm luture. In particular. the gjvemment's Coronavirus Job Retention Scheme, and Cultural Recovery Fund has provided a lrf&l?ne tor our enpbyees and ensured that we did not make any sta mernbefs eompulsory redundant. Finally. the Trustees would also like lo olfer their thanks to our ragular lunders BHCC and ACE lor their conlinuad financial support and guidance. Going Concern Accouniing standards requiTe the Tfustees to consider Ihe appropnaleness of th8 going concern basis when preparing the financial staternenls. Trustees have considered ihe level ol lunos CuT￿n*1Y held by the Group and the Company and the èxpected level ol income and expendrture loi a pericKI of twefve months Ifom the date ol signature ol these financial statements. These consideralions take into account the expeclèd continued impact ol the Covid-19 pandemic. After reviewin9 the funding strearrts availalle lo it and making appropriale enquiries. Twustees consider that the going concern basis is appropriate. Aldditionally. the Group had a carried forward balance ol cash at bank anLI in hand at the reportlDg date ol ES,423.625 12021-. E4,478.9711 and had positive total unrestricted operational reserves ol.£894.27912021-. £272,012) (see note 191. Trusiees have a reasonable expeclalion that the Group and the Company have adequale resources to continue in operational existence lor the loreseeable future and uniil numal trading has resumed. For this reason. they C￿tInUe to adopt rhe going concem basis rn Pfeparing the financial stalemeftts. Furthei details regardin9 the adoption ol the going concèrn basis can bo found in thg Accounting Policies. The Trustees are aware ol the significant uncertainties around Ihe fulure impact ol lh8 Covid-19 pandemic and inliationary Pressures. as well as Ihe imminent completion ot the Com-ExGhange fenovalion project. In order to manage these I￿Ure risks a Iransler of £2.364.070 was made in 2021 to lund$ with specilic desi9nations to manage these risks. Al 31 st March 2022 the Group had positive free reseNes. being unreslricted funds not held in fixed assets, of £2,444.00012021.. £2,197.WOI. ans lor future Brighton Dome & Brighton Festwal is at.a PNOtal rrw)ment. Our inspiftng redevelopèd sp.ac8s are now scheduled to open in 2023. Jlowing u5 to reimagine how, logether. we Can work with communities and artists to reflect arld conneGt this 'fjity on the eLlge'. A redestgned busiftess molel enables new programming, aclive development ol I(￿al and national ialent. and the repvrposing ol our buiklings to be open and accessible lo all. After Brighton Festival 2022,5 successful retum lo scale. in 2023 and beyond. lull advantage can be tsken ol the Fèstival's international partnerships. co-commissioning installation & mid-scale performance. CreaTe¢h & our 5G testbed will help us, our artists and partne￿ across the World learn atA)Ut new foms ol creative collaboration and our Festival 365 programme will act as a bridge lor audiences betweèn our Festival and year-Tound progfammes. W& will showcase children and young people's work at all Stages and enable greater community ownership ol our venues. makn.ng a dynamr and susiainable organisation also porous and engagirbg. Alongside our ambilrous artistic plans, careful financi￿ management will conlinue to be a leading prioTty lor the organisation over Ihe next year as we adjusl and respond to the k)ng-lerm impact that Covid-19 has on our audiences. artists. partners and slatf. alongside the I￿reasIng Cor￿emS at.Tising inllation and debilitaling enefgy costs. Having returned to lull capacty events. thE charity's reversues have recovered to nearly pre- Covid levels. however Trustees and the executive management team a￿ mindful ol the volatile and complex envI￿nMent in whictt we opeyale. Planned investment from designated funds in straleg>c initiatives to improve linancial perfomance and prolecling cwjr unrestricled reserves position to weather unforeseen circumstances musl remain key objectives. 14 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and AccoLints lor the year erHJed 31 March 2022 We iecognise that there a￿ still areas lor investment.which wouhl help to reduce our energy consumption and we will be exploring these along with options to fund {and lundraise for) th8 investment Ill Tenewables. WoTking with the Aoyal Pavilion & Museuff6 Trust we will explore Estale-wde opportunilies as well as looking to complete the phased installation ol LEDS in the foyer and auditorium, the replacement ol loilets with water. eff icienl unirs, and upgrade ol the venue chi116TS. Indemnity'in$urance During the period the Charity paid £4.855 12021.. f1.0791 to provide indemnity cover lor Ihe Charity and its Trustees from bss arising from the neglecl or delaults of its Tnjstees and Ofticers. Investment policy Th8 Charty only hohjs short-lerm suWus fUr￿S which it invests in d8p)$ils with ils bankèrs, Metro Bank. Reseryes policy With the Capital Proieci having commenced in eady 2017 the Charity has been working to increase its unrestricted general reserve to ensure that on exiting the Pfoject period its resgtves are in no worse a financial silualion than when it siarted 1£54,9531. The cartied lorward suiplus on the general operations reseNe lunrestrictedl was £894,279 as al 31 March 2022. At 31st March 2.021 tho Group had p05ftive Iree reserves, being unrestricted funds not held in lixed assets. of £2.444.¢JJ) {2021= £2,197.OWI. Reslricled reserves 01 £10.044k retate to the carying value ol the Dome Relurbishmenl project 1999- 2002 and £561 k ol restricted lunds felale lo fund5 received io be used loi projecls in future periods. 11 should &50 be noted that a portion ol the Sinking Fund is held by Brighlon & Hove City Council as a reserv8 for replacing major capital rfems. The balance on this fund was £191,379 as at 31 March 2022 12021.. £167,682). Stalement of Trustees. responslbillties The charity Iruslees lor the purposes ol company law are responsible lor preparing a trustees, annual report and financial statements in accordance with applicable law and Uniled Kingdom AccountiThJ SlandaTds Iuniled Kingdom Generally Accepted Accounting Piacticel. Company law requires the charity trustees to prepare financial statements lor each year which give a true and lair view ol Ihe skte ol affairs of the charrtable corTwany and the group and ol ihe incoming Te50UTces and applica.tion ol fesouTces, Including the income and expendrtufe. ol ihe charrtable gTOUP for Ihal period. In preparing the Irnancial slalements. the trustees aFe required to: • select suitable accounts.ng po￿leS and then apply them consistenlty.. observe the r￿hOd5 arKI principles in the Chathies SORP: . make judgements and estsmate5 that are Tea50nable and prudent: state whelher applThble UK accounting standards have bepn followed, subject to any material departures disdosed and explained in the f4nancial slaiements,. prepare the financial statements on ihe going C￿ern basis unless it is inappropriate to presume that the charity will c¢y)tinue in busine55. The Injslees aTe responsible lor keeping proper accounling records thal disclose wilh reasonable accuracy al any time the financial posrtion ol the charity and to enable Ihern to ensure Ihal the financial statenents comply hyith the Companies Act 2￿6. They are also responsible for safeguarding the assets ol the charity and ihe group and hence tskn.ng reasonable steps lor Ihe prevention and detection ol Iiaud and Dther irregulaiities. The trusfees are responsible lor the maintenance aThJ inlegnty ol the corporate and financial inlormation included on the charitable company's websrte_ Legislation in the Uniled Kingdom goveming the Preparation and dissemination of financial statements may difl&r from legislabon in other jurisdtclions. 15 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184> Annual Aeport and Accounts lor the year gnded 31 March 2022 This Annual Fleport ol the Trustees. under the Charrties Act 2011 and ihe Corfpanies Act 2006. was approved by the Board ol Trustees on 2(Vh Septem￿r 2022 including approving in their capacity as company direclors the Strategic Agport contained theiein. and is signed as authorised on their behall by.. Mr Danny Homan Ichairj 2Uh Seplember2022 16 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number. 00889184) Annual Report and Accounts lor Ihe year ended 31 March 2022 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRIGHTON DOME AND FESTIVAL LIMITED Opinion We have audited the financial statements ol Brighton Dome and Festival knmited lor the year ended 31 March 2022 wh￿b comprise Consolidatèd Staternenl ol Financial Aclivr(ies. the grovp and parent charitable company's Balance Sheets, Ihe consol￿ated Cash Flow.Statement. and notes to the linaricial staiements. including a summary ol signrficant accounting policies. The financial reporting tramework that has been applied in their preparaiK)n is applicable law United lfj"ngdom Accounling Standards, including Financial Reporting Standard 102 The Financial Reporting Standardapplicable in the UKand Republic of Irelandluniled Kingdom Generally Accepled Accounting Practicel. In our opinion. the financial statements.. give a true and lahr view ol ihe stale ol the group's and ol the parent's char"rtabl8 company's aflaiTS as at 31 March 2022 and ol the group's and parent chaTltablecompany's net movementin lurKls, including the income and expenditure. lor the year then ended.. have bgen pr¢)perfy prepared in accordance with Unrted Kingdom Generally Accepled Accounting Practi¢e', and havg been prepared in aCCordar￿e ¥4ith the requirements ol the Companies Act 2C()6. Bas1$ for opinion" We conducred our audit in accordance with Internatronal StarKlards on Auditing (UK} IISAS IUKII and applicable law. Our responsibililies under Ihosè slarKfards are lurther described in the Auditorfs responsibilities lor the audit ol the financial statements section ol our report. We are independent ol the group in accordanc with Ihe ethical requirements that are rel&vanl to our audrt ol the linancial slalements in the UK. including the FRC'S Ethical Standard, and we have lullilled our other elh￿81 responsibilities in accordance with thesg requirements. We believe thal Ihe audit evidence we have obtained is suffKienl aTrJ appropriate lo provide a basis lor our opinion. Conclusions relating to going eoneem In auditing Ihe linancial sialements. we have concluded that the trusiees, use of the going concern basis of accounling in the preparation ol the financial statements is appropriate. Based on the work we have performed. w& have nol ￿entIfIed any materbal uncertainties relating to events or conditions that. individually or collectNely. may cast signili¢ant doubl on the group's ability lo continue as a going conc8m lor a Pet￿ ol at least twelve rTrJnths ITOM when the th"nan¢ial statements are aulhorised lor iSSLJe. Our responsibilities and the reswnsibililies of the twstees with respecl to going concem ar8 described in the relevant sections ol this report. Olh•r infomiation The Imslees are iesponsible lor the other inlomwiion. The olher information comprises the information included in the Trustees, Annual Report. Our opinion on the h"nanck?I statements does rbot cover the other information and. except lo the exlent otherwise explicrtly stated in our rewrt. we do nor express any form of assurance conclusion th8reon. In connection with our audrt ol the financial statemenls. our responsibility Is lo read the other information and. in doing so, consider whether the other inlormation is materialty inconsistent with the financial statements or our knowledge obtained in the audrt oroiherwise appears to be materially mrsslated. l* we identify such material inconsistencies OT apparent material misstatements. we are.required to detemiine whethgr there.is a material misstatement in the financial statements of a matefial misstatement ol the other information. 11, based on the work we have pertormed. we concl¥Jdè thal there is a material misstatement of ihis othe( information, we are .required to report that lact. We have nothing to rewrt in Ihis regard. 17 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number.. 00889184) Annual Report and Accounts for the yea¥ ended 31 March 2022 Oplnion$ on other motters Prescribed by the Companies Act 2006 In opinion. based on the work undertaken in the course ol the audit.. the information given in the Trustees. Annual Report [Wh￿h includes the strategic rewfl and the directors, report prepared lorlhe purpx)ses ol eorTwany law) lor the financial year lor which the financial statements are prepared is consislent wtth the financial staiements.. and the strateg¢ report and the directors. report included within the Tnjslees. Annual Report have been prepared in aecordance wih appI￿able legal requirernenls". Matters on whi¢h we are required to report by exception . In the light ot the knowledge and undeTslarKling ol the group and the paienl charitable company and ffs environment obtained in the course ol the audit. we have nol identified materval rni8slatemenls in the Trustees. ' Annual Report (which incorporates the slrat9gi¢ report and the directors. report}- We have nothing lo report in respect ol the following matter5 in relation to which the Companies Acl 2CX)6 requires us to report ID you rf. in our opinion.. adequate accounting records have not been kept by the pa￿nI chartlable company., or the parent chaTltable company financial slatemenls are not in agreement wrth.the accounting records and retums", or certain disclosures of trustees. remuneration specified by law are not made.. or we have not received all the information and explanations we ￿qUIre lor our audit. Responsibilities ol trustees lor the linancial statemerrts As explained mrg lulty in the Imsleès. responsibilities stalemenl set out on page 15. Ihe trustees (who are also the direcloys ol the charitable Company lor the purposes of company law} are responsible lor the preparation ol the financial slalemenls and lor being satislied that they give a true and tair view. and lor such internal control as the trustees determine is necessary to enable Ihe preparation ol linanckal statements that are free Irorn material misstatemenl. whether due lo fraud or erfor. In preparing the financial stalements, the Iru5tees are responsible for as5?5sing the group's and the parent charitable company's ability to continue as a going concem. disclosing, as appluble, matters related to going concern and using the going concern basis ol accounting unless thè trustees either intend to liquidate the group or the parent charitable company or lo cease opefaiions, or have no realistic allernalive bul to do so. Auditor's responsibilities for the audil of ihe financial statements Our objectives are to obtain reasonable assurance about whether th8 financial statements as a whole are free from material misslatemenl, whether due to fraud.or error. and to issue an auditorfs report that includes our OFiinion. Reasonable assurance is a high level ol assLsrance, but is not a guarantee thal an audit conductèd in accordance wilh ISAS IUKI will always detect a malerial misstatemenl when it exi51s. Mi5Stalemenls Gan arise from fraud or error and are considered material il, individually or in the aggregate, they could reasonably be expected.to influence the economic decisions ol users taken on the basis ol these financial stalements. Irregularities. inclLHYing fraud, are instsnces ol non-compliance with laws and regulations. We deS￿n procedures in line wth our responsibilities. outlined above, to delect maferial misstatemen15 in respect ol irregularities. including Iraud. The exient to wh￿h our piocedures are capable ol d8tecting irre9ulaftties. incluéing Iraud Is detailed below= Based on our urKlerstanding ol the group and the environment in which il operates. we identified that the principal risks ol rKJn.¢ompliance wilh laws and regulations related to the regulatory rgquiremenls ol the Charity Commission, and we consKJered the extent to which non-compliance might have a material ettecl on the financial statements. We also considered those laws and regulations that have a direct impact on the preparalion ol the fIna￿la1 statements such as the Chartties Act 201 I, Charities SORP {20191. Companies Act 2006 and payroll layes. We evaluated management's incentives and opportunikn.es lor traudulenl manipulation ol the linancial. statements {including the risk of override ol controls), and determined Ihal the principal rksks were related to the recognition ol grants and donations income. Audit procedures performed by the engagement team included.. Enquiries of management regarding correspondence with regulators and lax authorrties.. Discussions with management including consideration ol known oi sUspe￿ed instances of non- compliance with laws and regulation and Iraud- 18 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number.. 00889184) Annual Report and Accounts lor the year ended 31 MaTch 2022 Reviewing the controls and procedures ol the charity, particularty in relation to the iecording ol income. and processin9 01 payments and payroll. to ensure these were in place throughout the year, including during the Covid-19 remote working periLNJ; Evaluating management's wnlrols designed to pievent and delect Irregularit￿.. Aeviewing and l¢sling journal entries made in the year. particularty ihose made as part of the yeaf end FIr￿n¢$al reporting PFoce$s.' and Challenging assumptions and judgements made by management in their critical accounting estimates which comprise depreciation. bad debl provision and the valvation ot musical instruments. Because ol the inherent limitatK)ns of an audit. there is a risk that we will not detect all irregularities, including thjse leading lo a material misstatement in the financial statements or non-compliance with regulation. This risk increases th& more that compliance with a law or regulatH)n is removed Irom the events and transaclions reflected in the financial statements. as we will be less like5y lo become aware ol instances ol non-compliance. The risk is also greater regarding irregularities occurring due to Iraud ralhei than error, as fraud involves intentional conce?Iment, forgery, collusK>n. omission or misrepresentation. A lurlher description ol our responsibilities lor the audil ol the financial statèments is located on Ihg Financial Reporting Council's websrte at.. www_lrc.or .uklaurfiiorsres onsbi ililvès. This description lomis part ol our auditor's report. Use of D￿r report This rep(Ht is made solely lo the charitable ￿rnpan￿S membets. as a body. in accordance wilh Chapter 3 01. Part 16 01 the Companies Acl.2006. Our audit work has been undertaken so that we might stale to the charrtable company's members those mamers we are required to state lo them Trn an AudilD¢s report and for no other purpose. To the fullest e￿ent perm￿ed by law, Vde not accept or assume responsibility lo anyone othe¥ than the charitable company and the chantable compan￿$ membets, as a body. lor our audit work. lor this report, of lof the ¢)pinions we have formed. Jane Askew (Senior Statutory Auditor) For and on behatt of Haysrnacintyre LLP. Slalulory Auditor 10 Queen Slreel Place London EC4R IAG Date." 6 De￿rnber 2022 19 8RIGHTON OOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounls for the yeai endod 31 Maich 2022 CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (including consolidated Income & Expendtture Account) Unrestrieled funds Flestricted funds Total 2022 Total 2021 The 8righton Dome Venue £OIJO'$ Operntions Designated Projects £Ol)O's ' Note £OOO'$ £OOO's Income: Grants & donations 2.479 4.072 120 6,671 8.491 Income from charitable activities Income from tfading activrtleS 5.179 191 1,752 91 191 Invesiment income so Total incom• 7.899 4,072 120 12.091 10,335 Expenditure on: Raising funds Charitable activities 361 6.916 361 11.416 192 7,794 3.977 439 Totsl expendilure .7.277 3.977 439 11.777 7.986 Nel incomellexpendilure} 622 1841 95 13191 314 2.349 Translers between funds Nel movement in funds 622 1841 95 (3191 314 2.349 Total lunds broughi fotwa 19.20 272 3.016 466 10,044 13,798 11.449 Totsl funds carried fonvard 1920 894 2.932 561 9,725 14.112 13.798 Note 27 shovis 2021 compaiatives for Ihe Statement of Financial Aclrvities 'The notes on pages 24 to 43 lorm part of these h"nancial statements. 20 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number.. 00889184) Annual Report and Accounts lor the year ended 31 March 2022 CONSOLIDATED BALANCE SHEET as al 31 March 2022 Not• 2022 £'ooo 2021 £'ooo FIXED ASSETS Tangible fixed assets 13,811 14,186 CURRENT ASSETS Stock DebtOTS Cash at bank and in hand 13 14 15 21 1.275 5,423 15 548 4,479 6.719 5.042 12.0461 CREDITORS: amounls falling due within one year 16 13,2451 Nel ¢tsirenl assets 3.474 2.994 Toial assel81gss current liabilities 17,285 17,180 CREDITORS- aFnounts talling due after one year {3.1731 13,3831 Tolal assets 14.112 13.798 The lund$ of the group: Unrestricted income funds Reslri¢led income funds 19 3,826 10.286 3,288 10,510 Total group lunds 14.112 13,798 The financial state U51ees on 2(yh S ents on pages 20 10 43 were approved, and aUth￿l$ed lor issue. by the 8oard of plember 2022 and are signed on ils behgw by: Mr Danny Homan (Chair) The Th)tes on pages 24 10 43 lom part of these fina￿￿11 statements. 21 BRIGHTON DOME AND FESTIVAL LIMITED {Company Number'..00889184) Annual Aeport and Accounts for the year ended 31 March 2022 COMPANY BALANCE SHEET. as at 31 March 2022 Note 2022 £'ooo £'ooo FIXED ASSETS Tanè'ible fixed assets Investments 13,782 14,148. 12 13,782 14,148 CURRENT ASSETS Stock 13 21 15 Debtors 14 1.324 585 Cash at bank in hand 6.563 5.073 CREDITORS.. amounts falling due wiihin one year 16 13,1681 12,0261 Net curr9nl assets 3,395 2,988 Total as59ts less current liabilities 17.177 17,136 CREDITORS-. amunts falling due after one year 13.1631 3.3661 Total nel assets 14.014 13,770 The funds of the ¢harsty." Unrestricted income funds 3,728 3,260 Restricted incorne lund5 10,286 10.510 Tolal charity funds 14,014 13,770 A separate statement ol the financial activities ol Ihe Brighton Dome and Feslival Limited. the Charity, is not presented following the exemptions aflorded by section 408 01 the Companies Acl 2006. The financial stal ireetors on 21yh menls on pages 19 to 42 were approved. and author¢sed lor issue, by the Board of plember 2022 and are signed on its bghall by.. .Mi Danny Homan (Chair) The notes on pages 24 to 43 fom part of these financial slalements. BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts lor the year ended 31 March 2022 Statement of cash flows for the year ending 31 March 2022 21r22 £'ooo Cash provided by owatinga¢twvitie$ {Note 24) 1,194 2.594 Cash flows from investing activities Interest income 50 Purchase ol iangible lixed assels (Note 11) Disposal of tangible fixed assels (Note 11) 13011 11321 Cash used in invesling activities 12501 11311 Increase in in the year 944 2,463 .Cash and cash equivalents at the beginning of the year I￿rease in cash jAI 2.017 944 2,462 Total cash and cash equivalents at the end ol the year 5.423 4,479 A. Anatysis of change$ in net cash tunds At 1 April 2021 Ca5MIows . At 31 March 2022 Cash and cash equNalents 4.479 5.423 Total cash and cash equivalen15 4.479 944 5,423 23 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts lor the year ended 31 March 2022 Principal Accounting Policies BASIS OF ACCOUNTING The financial slalemenls have been prepared in accordance with Accounting and Reporting by Charities.. Statemenl of Recornrnended Practice lor Chaiilies ISORP 20151 {Second EditKFn. effeciive 1 January 20191 applicable lo charities preparing Iheir accounls in accordance wtth the Financral Reporting Standard appluble in the UK and Aepublic ot I￿land IFRS1021 leffectwe l January 201 $1- (Charities SORP IFRS102}I, the FinancHI Reporting Standard applicable in the UK and Republic ol Ireland IFRS102- issued MaTch 20181. ancl the Companies Act 20C6. GOING CONCERN Accounting standards require thg Tiuslées lo consider the apprcpriateness ol the wing concem basi5 when preparing the financial siatements. Thè Trustees Consider that Ihe going concem basis is appropriate as the Group had a surplus on unrestricted funds 01 £3,826.888 al the balance sheet date arKI the Charity had a surplus on unreslricted lunds ol £3,728,219. The tinancing ol the Group and.Charity SL¢PPOrted through lut*Jre funding commitments from Brighton & Hove Cty Council and Arts Council Englar*J. PRINCIPAL ACTIVITY The principal activity of the company during the year was to manage the charttable business ol 8righlDn Dome and Festival'Limiled IBDBF}. This includes the Nnning of the Brighton Dome venues and Ihe annual Brighton Festival each May including Ihe related provision of catefing and beverage Serv￿eS. Brighton Dome and Festival Limited is a private limiled corroany Ireg¢stered number ￿889184) incorporated and domiciled in England and Wales. The charity is a publ￿ benefit entty. Th8 addfess ol the registered oflice is= The Dance Space. 2 Market Squara, CifCUS Street, Brighton BN2 9AS CONSOLIDATION The Group accounts consolrdale the results of the Chaiity and its subsidiaries. Brighton Dome and Festival trrading Limited and Brighton Dome & Museum Development Company Limited on a line by line basis. INCOME Voluntary Income comprises all incoming resourcesfrom sponsorship.thnats"ons. membership subscriptions and grants. All grants and donats.ons receivable are recognised when the conditions lor feceipt have been mel. There is enlillemenl to income when li can be reliably ￿asured and it is probable that it will be received. Where grants and donations received ale perfoimance related or restricted to future accounling periods they are deleried and accounled lor as a liability. Government grant wicome paid under the Coronavirus Job Retention Scheme ICJRS) has been recognised in the Statement ol Financial Activities in the periodto which the underlwn9 lurkKJghed staff msts relate lo. Other govemmeni grants are recognised in the financial statements when there is entitlement. the grant is measurable and receipt is probable. Goods and services received in kind are included within the acCi￿ntS where material and are included at the lower ol current market value and value lo the Gharty- 24 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and A￿O￿ntS for the year ended 31 March 2022 Income liom charitable activities ir￿lUdeS amouths receNed from I￿ketS and other event sales loi productions and educational activities directly pcomoied by the Group or. whe¥e it shares the financial llsk for such an event, promoled by other organisations where such evenis contribute to the artistic programme ol the Group. Investrnent income conwrises 1nlefest recewable on Cash balances hekj in appropriate interest bearing deposits. EXPENQITUAE All expendilvre is a¢counled lor on an accruals basis. Thè cost of faising funds includes lh8 costs of securing sponsorship arid dOnat￿n$. and also includes the cosls ol providing membership benel¢is and other costs in¢urred in the Group's trading activity- Expenditure on charitable activibes IT￿l￿de expenditure associated with 51aging PTOrnOted events, providing education PTojecls and the costs of the artistic programme at Brighton Dome and Brighton Festival. Support costs relating to single activities are allocaied directly lo Ihat actNity- Where support cosls Telate lo sevafal actNrties they are apportioned accordingly. Governance costs include secretarial. le9al and audit fees.associated with the constitutional and statylory requirements ol the Charity- INVESTMENTS Investments in active subsidiary undertakTrngs are i1￿luded in the bala￿e sheet at cost. DEPAECIATION AND FIXED ASSETS Depreciation is Pfovided on all langible fixed assets at rates calculated to write off the cost less eslimaled residual valLSe 018ach ass&t systematically over rts expected useful life as follows-. Long-lerm improvements Short-lerm improvements Venue fittings and equipment .Office gquipmenl Musical inslTumenls Over Ihe lrfe ol the lease 10%- 20% perannum 10%- 20% pef annum 20% - 25% per annum 10% per annum Fixed assets costing more than £l.O(K) are capitalised. The Chanty does not have a pDlicy to revalue ils assets. LEASES Rentals appltcable io operakn.ng leases where substantially all ol the benefits and risks ol ownership remain with the lessor are charged to the SOFA as incurred. R8ntal charges are charged on a straight-line basis over thè lile ol the lease. STOGK. Stocks ol goods for resale are included in'ihe balance She￿ at the lower ol cost or net realisablé value. This includes Ba¥ stock and Front ol House consumth8S. PENSION COSTS The Charity otters a stakehokler scheme to its emptyees and contribules to a defined contribution scheme lor certain other employees. Costs are expensed in the Consolidated Statement of Financial Actsvities. Certain staff are members ol the Teachers. Pgnsi¢)n Scheme wh￿h is a multi.employer pension scheme. 11 is not Possible to identify the ChariWs share ol Ihe undeAying assets aThJ Ilab￿llieS 01 the TeacheTS' Pension S¢hgme on a 25 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 008891841 Annual Report and Aecounls for the year ended 31 March 2022 consislenl and reasonable basis and Iherelore. as required by FRS102. aceounls lorthe scherne as il il were a defined. conlribulion scheme. The Charity's contributions. wh￿h are in accordance with the recommendations ol the Government Actuary, are charged in the period in whsch the salaries to wh￿h they relate are payable. TAXATION The charity is considered to pass the lests set oul in Paragraph I Schedule 6 of the Finance Act 2010 and Ihérefore it meets the definition ol a charitable Coryany lor UK co￿OratIon tax purposes. Accordingly. the charity is pjtentially exempt from taxation in respecl ol income or capital gwns received vAthin calegories wvereli by part 11, Chapter 3 01 Ihe Corporation Tax Acl 2010 or Section 256 01 ihe Taxation ol Chargeable Gains Act 1992, lo Ihg gxlent thal'such income or gains are applied exclusivety to charitable purposgs. The trading subsidiary, Brighlon Dome and Fesiival (Trading) Limited donates its profits to the charitable cornpany under the provisions ol Gift Aid. Accoidin9ly there is no Corporatson Tax charge in these accounts. VALUE ADDED TAX The Group is registered lor Value Added Tax IVATI and income and expenditure is stated net ol VAT io the extent that it is recoverable. FINANCIAL INSTRUMENTS Financial assets and liabilities are recognised when the Chanty becomes a paty to the contractual provisions ol thg Instrumenl. Trade debtors do not earry any inleresl and are stated at nominal amount less any provision for eslimaled irrecoverable arrK)unt. Trade creditors are nol interest bearing and are siaied al iheir nominal value. JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY The group makes Il￿geMents. eslimales and assurnplions Ihat affecl Ihe applicakn.on of wlicies and the carrying values ol assets and liabililies. income and expenses. The resulting a¢wunting eslimales calculated using these judgémenls will. by definition. seldom equal the relaled actual results but are based on the experience ol Ihe Directors lor T.rusteesl and the expectations ol future èvents. The eslimates are reviewed ori an ongoing basis. Revistons to accounting estimates a￿ recognised in the period in which the estimale is revbewed. Such basis include.. Expenditure accounted for on an accruals basis Costs allocated to chartties aclivities on a lime basis. Grants and"donalions receivable are recognised.when the condrtiongfor Teceipl have been mel. Valuation ol musical in51nJrnenls Musical instfuments are m8asured initially at their historic cost. or deemed cost in thè case of donated instruments, and are depreciated at a rale of 10% per annum slraight line. They are reviewed annually lor,impairmenl. The valuation ot donated musical instruments was madè independen￿Y by Norman's In51rumenls. a specialist in supplying Musical Education equipment in March 2020. The gTOUP have reviewed inslwmenl usage and income genefaled Ibolh actual and expecledl, and that this assessment has albwed the Trustees to be satisfied that ther8 is no material impairment to the value of musical instruments as al 91 March 2022. BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) A"nnual Report and Accounts loi the year endgd 31 March 2022 1. GRANTS & DONATIONS- ANALYSIS BY FUND Unreslricled funds Restricted lunds Brighton Dome venue 2022 Operational Designated lunds funds 2022 2022 £'OOOs Projecls Total" 2022 £'ooo £'ooo Brighton and Hove Crty Council East Sussex County Council Arts Council England, South East CJRS Income Culture Recovery Fund Ineome Olher grants Oonations, Trusts and Foundations MembeTS' subs¢TlPtions and events 1.815 120 1.935 2.322 2.322 434 917 582 410 71 434 917 572 261 10 149 71 2022 2.479 4,072 120 6,671 2021 2021 £'O(K)s 2021 £'O(M) 2021 £'ooo 2021 £'ooo 2021 COMPARATIVES Brighton and Hove City Council Egst Sussex Covnty Council Arts Council England. Soulh East CJRS Income Cultuie Recovery Fund Incorne Other grants Donations, Tiusls arKI Foundalions Members. subscriptions and events 1,792 115 1.907 445 2.130 2,575 2,317 e42 286 514 50 2.317 287 15 274 555 271 240 2021 5,180 3,196 115 8,491 27 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 008891841 Annual Report and Accounts lor the year ended 31 March 2022 2. GRANTS & DONATIONS- ANALYSIS BY TYPE Brighton Dome Brighton programmè and Dome hires venues 2022 2022 £'ooo £'ooo Creative Leaming activity 2022 £'ooo Brighton Festival 2022 £'ooo 2022 Total" £'ooo Brighton and Hove Cty Council East Sussex County Council Arts Council England Othei gian15 Donations. Trusts and FOUndat￿nS Members, subscriptions and events 1.815 120 1.935 1.914 806 "164. 71 1,325 160 127 3.239 1,005 421 71 39 130 2022 4,770 1.612 169 6.671 2021 £'oc 2021 2021 2021 £'OOD 2021 £'ooo 2021 COMPARATIVES Brighton and Hove City Council East Sussex County Council Arts Council England Other grants Donation5, Trusts and Foundat￿n5 Members. subscriptions and events 1.793 115 1.908 2.144 2.437 274 1.272 97 213 3,416 2,600 517 66 30 2021 6,698 1.582 8.491 3. INCOME FROhl TRADING ACTIVITIES IBI Brighton Dome programme and hires Brighton Festival £,￿0 2022. Total £'ooo 2021 Total t'ooo 32 Sponsorship Event hires. Consultancy Other income 35 35 86 10 52 10 131 191 91 BRSGHTON DOME AND FESTIVAL LIMITED {Cornpany Number.. 00889184) Annual Aeport and Aceounis lor the year ended 31 March 2022 4. INCOME FROM CHARSTABLE ACTIVITES BY INCOME TYPE IB} Brighlon Dome progTamme aTr hire5 2022 Creative Learning activity 2022 Brighton Festival 2022 £'ooo Tolal 2022 Ticket sales Pertormances and Hires Bar and calering for evenls Tuilion & workshops Ttcketing lees Programme sales 1361 759 557 166 1.528 991 557 1.778 312 232 1.778 312 13 2022. 3,002 2.011 5,179 2021 2021 2021 2021 £'ooo Ticket sales Performances and Hires Bar and catering lor events" Tuition & workshops Ticketing tees Programme sales 33 50 27 14 1.617 38 38 2021 106 1.646 1.752 8. INCOME FROM TRADING ACTIVITIES AND CHARITABLE ACTIVITIES Thère was a significant drop in income in the year 2020121 lor both Trading an¢J Charitable Acliv(fies due lo the pandemic. Minimal events arwj confe￿ncing events were put on in ihe year as well as school closures. which had accounted lor the drop in incorne. Income from charitable a¢livitsgs has recovered in the financial year 2021122 dL* to the return ol live events from the Autumn season and Ihe rg-opening ol s¢hools Jlowbng lor the relum ol tuition ar￿ workshops. 5. INVESTMENT INCOME .￿1 ol the Group's investment i￿Orne of £50.40CI12021: £911) arose Irom intgfesl bearing ¢JetM)sit accounts. BRIGHTON DOME AND FESTIVAL LIMITED (Company NumbeF'. CM)889184) Annual Report and Accounts lor thè year ended 31 March 2022 6. EXPENDITURE ON CHARITABLE ACTIVITIES The Charity undertakes direct charitable activities and does not make grant payments. Unrestricted Designated funds funds 2022 2022 £'O(K) Reslricled funds 2022 £'(K)o Brighton Dome venue 2022 rooo Total 2022 £'o Biighlon Dome programme and hires Creative Learning activity Brighton Feslival Support and govemance costs 2.706 2.059 2.468 1.424 69 28 5.202 3.483 1.013 1,117 1,101 6,810 3.977 . 28 10.815 Brighton Dome venues Depreciation 92 319 92 509 6.916 84 3,977 439 11,416 2021 E'OOO 2021 2021 £'o(x) 2021 £'(K)o 2021 2021 COMPARATIVES Brighton.Dome programrne and hires Creative Learning aclivity Bnghton Festival Support arid govemance cos15 1.519 1.718 79 1.168 1.417 85 277 42 2.729 3,135 164 1.161 2,947 7,189 Brighton Dome venues Depreciation 73 319 73 532 129 84 2021 4.329 84 2.947 434 7.794 7. ANALYSIS OF SUPPORT ANO GOVERNANCE COSTS 2021 Total £'ooo Total £'O(K) Execulwe and fina￿e costs Lease payments Auditors remuneration 'Inlormation technology Research & development 796 71 21 229 931 21 21 1,117 1,161 Costs are allocated lo Ihe Charity's aclivthes on a time bask8. BFIIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) .Annual Report and Accoun15 lor the year ended 31 March 2022 8. STAFF COSTS ANO NUMBERS The average number ol peirnanent stsff employed during ihe period, and as al 31 March 2022. was 21812021.. 2091 Additionalty an average head count 01186 {2021.. 1361 casual weekly staff worked on an houdy basis lo support events andperforrnances. Permanent staff are allocaled lo the charily's activities as lollows= 2022 NumbgT 2021 Numbef Artistic Planning Learning. Access & parti￿patiOn Trading. Operations Marketing & Sales Development Support & GOvern￿e 15 115 12 120 49 12 44 io 19 14 218 209 'All staff engaged in trading relaied aclivitie5 are ernployed through contracts with Brighton t)ome and F"estival Limited. Relevantreosts are Iherelore recharged to Bnghton Dome and Festival (Trading) Limited. 2022 Total £'wo 2021 Total £'ooo Payroll c￿1$ Wages and salaries Social security her pension eosts 5,195 397 494 4.657 353 475 6.086 5,485 The number ol erriF•loyees who received emoluments greater than £60,1YJO in Ihe lollow4ng range was". 2022 Number 2021 Number £60.001 - £70,CN)o £70.001 - £80.000 t80.001 - £90.000 £100.OQ1 £105,000 £110.001 £115.000 The Key Management Personnel conwdered to be the Officers and Executive Management Team. Their employment benelrts w8re £585.821 in 20221£482,913 in 2021). 31 BRIGHTON DOME AND FESTIVAL LIMITED (Company. Number: 00889184) Annual Report and Accounts lor the year ended 31 Mafch 2022 NET TRADING RESULTS OF SUBSIDIARY TRADING COMPANY BRIGFrroN DOME AND FESTIVAL ITRADINGI LIMITED 2022 2021 £'ooo Turnovèr Other I￿orne Cost of sales 185 87 182} {231 Gross profil Adminislralion and ovethead5 68 {411 {3n 71 27 Interest receivable 71 27 Donation payable to parent company 101 {611 Net profitl Ilossl 71 1341 cosl.ol sales includes £74.71312021= £21.9031 charged by the parent ¢orroany lor the provision ol serV￿e5. 10. RELATED PARTY TRANSAGTIONS None ol the Trustees received any Temuneration during the period uThler review. Trustee expenses of £2.037 12021-. £311 were recorded for meeting calering for 14 Iwstees. The financial results of our Trading Company las per nole 9 above) ale reflected within our ConSol￿ated SOFA on Page 21. A yearly recharge is made in March be￿een Ihe Charity and Trading Company apportioning venua running costs on the basis ol conference turnoverl total group tumover. This includes insurance. utilities and cleaning costs and is elirninated on consolidation. Inter Coryany balances as at 31 March 2022 wer& £87,455.12021- £70.0801 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number. 00889184) Annual Report and Accounls lor the year ended 31 March 2022 11. TANGIBLE FIXED ASSETS GROUP Dome lèasehold asset= Long-lerm Short-term Improve Imwjve Venue Frtlings Musul and equp Inslnjments Offic9 Equip Enabling Works Total E'O(X) £'ooo £'ooo COST As at 1 April 2021 ALfditions Disposals 16,444 6.508 2.767 115 821 665 74 2,871 101 11581 30,076 301 11591 As al 31 March 2022 16.444 6.510 2.881 739 2.814 30,218 DEPRECIATION As at l Apnl 2021 Charge lor the perKJd Disposals 6.086 329 6.505 2.603 48 (1) 169 527 55 15,890 518 As at 31 March 2022 6,415 6.508 2.650 252 582 16,407 NET BOOK VALUE As al 31 March 2022 10,029 231 578 157 2,814 13,811 As at 31 March 2021 10,358 164 652 138 2,871 14,186 COMPANY Dome leasehold asset.. Long-lerm Short-ierm Improve Improve Venue Frftings usical and equip Instnjments Office Equip £'ooo Enabling Works Total E'o £'ooo £'ooo COST As at 1.April 2021 Additions Disposals 16.444 6.508 2,744. 24 821 569 96 2,858 29,944 133 As at 31 March 2022 16.444 6.S08 2,768 821 665 2,871 30,077 DEPRECIATION As at 1 Apiil 2021 Charge lor the period Disposals 5,757 329 6.502 2,515 499 28 15.358 533 As al 31 March 2022 6.086 6,505 2,604 169 527 15.891 NET BOOK VALUE As at 31 March 2022 10.029 578 157 2.814 13.782 As at 31 March 2021 10.358 164 70 2.871 14,148 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number.. 00889184) Annual Report and Accounts tor the year ended 31 March 2022 TANG18LE FIXED ASSETS (continued) All ol the GroL&P'S tsngible fixed assets are used lor aclivrties inlurtherance ol the Charity's objects. Arts Council England and Brighton & Hove Cty Council hold legal charges over Ihe value ol the leasehokl asset in accordance with their standard funding terms. The lease ol the Brighton Dome was granted to Brighton Dome and Festival Limited in 1999 by Brighton & Hove Cty. Council lor a total ol SO years at a peppercom renl. The leasehold improvements shown above represent the value ol the capital relufbishmenl work carried out by the Group_ The lease cannot be assigned or sold_ The main categories ot fixed assels are as folbws= Dome leasehold asset= long-lem improvemen15 - represerts'the value ol Ihe rnain construction works to the venues with a useful I￿e extending over Ihe remaining term ol the lease. Dome leasehold asset= s￿>rt-teM1 improvements - represents the value of improvements lo the venues with a useful life of len years. Brighton & Hove City Council have made available a Sinking Fund in order to provide for renewals ol fixtures and littings included in this category. The City Council sel aside. Irom the annual Sinking Fund allocation, sums to ¢over non- recurring major maintenance work at Ihe 8righlon Dome Venue. Al 31 Mareh 2022 Ihe allocation siotsj al £191,380 12021.. £167,682) and is hekl in a designated accounl by Brtghton & Hove City COU￿11 and consequently is not included in these accounls. Venue fittings and equipment- represents the value ol fiftings and equipment purchased lorthe operation ol Ihe Dome venues. which have a useful lile ol live years. Musical Inslwmenls represents the eslimale(I valuation ol musical instruments leased lo Biighton Dome and Fèstival by Brighton and Hove City Council and East Sussex County Council lor use by Brrghlon and Hove Music and Arts serV￿e and East Sussex Music Service. Office equipment- represenls the value ol compuler hardware a￿1 sollware and simikir items which have an expe¢ted useful lire ol three years. BRIGHTON DOME AND FESTIVAL LIMITED {Company Number..00889184) Annual Report and A¢¢ounts lor th8 year endeLI 31 March 2022 12. FIXED ASSET INVESTMENTS 2022 C05t Cost Investment in subsidtarie5.' 100 The investment above represents Brighton Dome and Festival Limited's investment in subsidiary companies. On 1 September 2005 the Group reorganised its subsrdiaries following compleiion ol the Brighton Dome Development. Since that date all ¢harilable adNr(ies a￿ managed in the.regislered charty. the Brighton Dome and Festival Limited. All non-charilable activ￿tieS are rrwnaged through Brighton Dome and Festival (Trading) Limited. The rernaining company in the GTOUP was a doTrnant company from 1 September 2006. Details of the subsidiaries a5 al 31 March 2022 are set out.below. Name Controlling Interest Incorporatedlcompany number Brighton Dome ar￿ FestNal (Trading) Limited UK 5541CK15 Both subsidiaries are registered at Th8 DarKe Space, 2 Market Square, Circus Street, Brighton BN2 9AS The nel assets I Iliatxlitiesl ol the subsidiarie5 ai the end ol the Itnancol period were as lolltrws.. Nel a55els I Share capital Re5erve5 Biighton Dome and Festwal (Tradin91 Limiled 27.153 27.253 13. STOGK Group and Company 2021 £'ooo Bar SIDck Front ol House Consumables Total 21 15 Stock recognised as an expense in 2022 tolalled E156k12021'. £8k)- 14. DEBTORS 35 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number.. 00889184) Annual Report and Accounts for Ihe year ended 31 March 2022 Group 2022 Company 2022 £'ooo 2021 £'ooo Trade debiors Prepayments and accrued income Amounts owed by Briyhlon Dome and Festival {Tradingl Limited Sundry debtors 276 112 435 244 992 82 433 87 69 1.275 548 1,324 585 15. CASH AT BANK AND IN HAND Cash al bank and in hand includes petiy cash. floats and short term highty liqu￿ inve51menls with a short maturty of th￿e months or less from the date ol acquisition or opening ol the deposrt or similar arr￿unt. 16 CREDITORS- AMOUNTS FALLING OUE WITHIN ONE YEAR GrcMJp 2022 Company 2022 £'ooo 2021 É'oco 2021 £'ooo Trade ¢redilors Bank overdiaft A¢cruals Deferred income Other creditors Taxalion and social security VAT" Payable 615 118 609 110 624 1,778 70 115 43 374 1.184 92 622 1.733 70 115 19 372 1.173 92 90 178 179 3.245 2.048 3.168 2,026 Royal Bank of Scolland holds a legal charge over the book debts of the Charity as secunty against the overdraft lacilty. DelerTed income includes £1.520,789 I2021= £1.320.7281 relabng lo ticket sales lor events taking place beyond the balance sheet date. BRIGHTON DOME AND FESTIVAL LIMITED {Company Number. 00889184) Annua1 Report and Accounts lor the year ended 31 March 2022 17. DEFÉRRED INCOME Group Company 21Y22 2021 2022 £'DOO 2021 £'ooo Deferred Income < 1 year Balance as al l April 2020 Released In-year Deferred in-yeaf 1.184 11,1841 1.778 1.075 11.0751 .1,184 1,173 11.1731 1.734 1.065 11.0651 1.173 Balance as at 31 March 2021 1.778 1,184 1.734 1.173 Dglerred Income relates to advan¢e dewsits and advance ticket sales for events taking ￿a¢0 beyond the balance shget dale. 18. CREDtTOAS- AMOUNTS FALLING OUE A￿ER ONE YEAR Group 2022 £'o Corry)any 2022 £'oTh) 2021 £'ooo 2021 £'ooo Loan Irom BHCC Accrued Interest on BHCC Loan Deferred incorne 2.704 435 2.704 347 332 2.704 435 24 2.704 347 315 3.173 3.163 3,366 The loan ol £2.7m is secured by a floating Charge againsi the assets ol the charity. The loan is ￿paYable in equal inslalments commencing in 2022 and en(tin9 in 2050. Interesl is Charged on the loan at 2.85%. BRIGHTON DOME AND FESTIVAL LIMITED (Company Number. 00889184) Annual Report and Accounts for the year ended 31 Marcfv2022 19. ANALYSIS OF MOVEMENTS IN UNAESTRICTED FUNDS Balance at 1 April 2021 TransfeT Io designated funds Balance at 31 March 2022 £'ooo Movement in resources I￿orne Exp8nditure £'o GROUP AND COMPANY Op9ralional funds 272 7.899 17,27n 894 .Oesignated lunds MLtsical Instruments 652 1841 564 Managing luture Covid-19 ￿lated risks 751 751 Com Exchange r8devebpment costs & investments in luluie suslainabilty 413 413, Community engagemenl & artistic commissionin9 4CK) 4¢X) Music Services future investrnenl Total dgsignated lunds Total unrestr￿ted funds 3.288 7,899 (7.3611 3.826 2021 Total 869 7.024 14,6051 3,288 Designatèd funds brought forward represent the toltowing purposes.. 1. The carrying valu& ol musical instruments. the use ol which have been gifted to Brighton Dome and Festival by Brighton and Hove City Council lor.use by the Music Services. 2. Supporting the Dome and Festival aclivty with future risks that may arise due to Covid-19 3. To create a fund to be spent on equipment and operational expenditure relaled to Ihe completion ol the Corn Exchange redevelopment, and olher future investments that support operational sustainabilily .4. To create a Ivnd fof community engagement projec15 commissK)ning new WDrks of art 5. To designale funds lo b8 used lor future investment in the Music Services. BRIGHTON DOME AND FESTIVAL LIMITED (Company Number. 00889184) Annual Aeport and Accounts lor the year ended 31 March 2022 20..ANALYSIS OF MOVEMENT IN RESTRICTED FUNDS Balance at 1 April Transfer from unre5Qricted funds Movement in resources Balan￿ at 21 March 2022 £'ooo 2021 £'ocKJ Incorne £'ooo Expenditure £'ooo GROUP AND COMPANY Brighton Dome Flegenerali(MTr Project & Brighton Dome Venua Brighton Dome Other Projects 10,044 120 4.072 14391 13,9771 9,725 561 Toial 2022 10.510 4.192 14.4161 10.286 Balance at 1 April Transfer Irorn unrestricted funds Balance at 31 March Movement inirésouices 2020 IncomEng Outgoing 2021 £'ooo GFIOUP AND COMPANY Brighlon Dom8 Aeg&neralion Project & Brighton Oome Venue Brighton t)ome Olher Projects 10.363 217 115 3.196 (4341 12.9471 10.044 466 Tc>lal 2021 10,580 3,311 (3,3811 10,510 The Dome Regeneration Project lurKJ iepre5ents the capitali5ed Y￿ue received in respect of the development and regeneration of the Brighton t)ome,' it comprises improvements to the leasehold assel and Income from Ivnd- raising activilies. Arts Council Englar￿ & Brighlon and Hove Cty Counul hokl legal charges ov&r the Value ol the leasehold asset in accordance wrth Iheir standard funding lerrns. The Dome Sinking Fund ￿preSents monies receivable from 8righton & Hove City Council to enable expenditure on certain items ol buikling maintenance and Tenewals in accordance with the terrns of the lease ol the Brighton Dome venues. Brighton Dome Other Projects Fund represents n￿nIeS received from IndivKfuals, Trusts. Foundations and olher grant making bodies. BFIIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Fleport and Accounts for the year endèd 31 March 2022 21. ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed Assets £'oc(J Net Assetsl Cash £'ooo Total £'ooo £'ooo GROUP Unreslricled funds - Restricted funds.. Brighton Oome Venue Com Exchange Renovation Other Projects 1.382 4,862 12,4181 9,725 2.704 9,725 12.7041 561 561 Totsl funds 13.811 5.423 15.1221 14.112 2021 Total 14.186 4.479 14.8671 13.798 COMPANY unreStr￿ted funds ReStr￿ted funds.. 1,353 4,657 12,2821 3.728 Brighton Dome Venue Corn Exchange Renovation Other Projects 9.725 2.704 9.725 {2,7041 561 561 Total funds 13,782 'S,218 14,9861 14.014 2021 Total 14.148 4.413 14,7911 13,770 UNRESTRICTED FUNDS GfOUP Company 2￿2 2021 E'oo) 2021 £'ooo £'ooo Balance as al 1 April Surplus I Ideficill lor the year Transfer from reslrKted lunds 3.288 538 3.261 467 2,414J 2,452 Balance as at 31 March 3.826 3.288 3.728 3.261 BRIGHTON DOME AND FESTIVAL LIMITED {Company Number: 00889184) Annual Report and A￿o￿ntS for the year ended 31 March 2022 22. 2021 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed Assets Nel Assetsl (Liabililiesl Cash £'oc(J Total £'ooo GROUP Unreslricled lunds Rostricled funds.. Brighion Dome Venue Corn Exchange Renovalion Othèr Projects 4.098 12.2481 3,288 10.044 2,704 10,044 12.7041 85 381 466 Total funds 14,186 4.479 (4.867} 13.798 COMPANY Unrestricted funds Reslricted lunds= 4.032 12.1721 3.260 Brighton Dome Venue Corn Exchange Rer￿VatIOn Other Projècts 10.044. 2,704 10,044 {2,7041 381 466 Total funds 14,148 4.413 14.7911 13.770 23. PENSION COMMITMENTS Defined contTibution schemes The Group opeiates defined contribulion schernes lor certarn employee5. The assets ol the schemès are held eparalely from those ol the Group in independenty administered lunds. The pension cost charge represents conrnbutions payable by the Group and Charity to the Ivnd5 and amounted to £161.56512021'. £118,1121. Included in Ehe total are conlributions of £21.602 {2021- 01 £34.5721 wh￿h were owed to the relevant pension funds at 31 March 2022. TeacheTS' Pension Scheme The Charity participates in the Teachws. Pension Scheme (England and Wales} I'thè TPS'I for relevant staff in the Music SerV￿eS. The pensK)n charge forlhe year In¢ludes conlrlbutions payable to the TPS 01 £335,48512021: £381.355) and at the year-end £39,41712021= £41.1791 was accrued in respect of contributions to this scheme. The scheme is closed to new merrt)ers. The TPS is an unlunded multi-erwloyef deftned benelrts pensKJn $c￿eMe governed by The Teachers, Pensions Regulations 2010 las amended) and The Teachers. Pension Scheme RegulatK*ns 2014 las amended). Membèrs contribute on a tray as you go" basis wrth contributh)ns from mefflbers and the employèr being credited lo the Exchequer. Retirement and Olher pension benefits are paid by publtc funds promded by Padiamenl. The Govemmenl Actuary. using normal actuarial principles. conducts a lormal actuaTk?I review ol the TPS in accordance wilyi the Public Service Pensions (Valuations and Employer Cost Cap} DiwlK)ns 2014 published by HM Treasury every 4 years. The aim ol the revi￿ s to specty the level of futu￿ ¢ontribuhons. Acluarial scheme valuations ao dependent on assumptions about the value ol fulure costs. design ol benefits and many olher factOTS. 41 BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts lor the year ended 31 March 2022 The latest actuafk?I valuation ol the TPS was carried oui as at 31 March 2016. The valuation report was published . by the Departrnenl lor Educalh)n on 5 March 2019. The key elements ol the valuation and subsequent consultatN)n are= employer ¢ontrhbulion lates sel al 23.68% ot pensK)nable pay lirKluding a 0.08% administration levyl total scheme liabilrties Ipensions currenlty in payment and the estimated cost ol lulure beneliisl lor service to the effective dale 01 £218,100 millK)n and notional assets leslimated future contributions together with the notional investments held at the valuation dale) of £196.100 million. gNing a notional past service deficit ol £22.000 rnillion the SCAPE rate, set by HMT. 15 used lo determine the notional inveslment relum. The current SCAPE rate is 2.4¥ts above the rate of CPI. assumed real rate ol reluro is 2.4% in gXC8ss ol prices and in excess ol earnings. Th8 rale ol real eamings growih is assumed to be 2.2%. The assumed nominal rate ol ieturn including eainings growih is 4.45%. The next valuation result is ￿￿e lo be implemented from 1 April 2024. Lo¢al Governmenl Pension Scheme The ChaTity also participate in the East Sussex Local Government Pension Scheme I"LGPS"I lor relevant staff in the MUS￿ Services. The pension charge lor the year includes contribulions payable to thè LGPS of £7,67812021'. £8,263) and al the year-end £831 {2021.. £931 was acewed in respeci of contributions to this scheme. The scheme is closed lo new members. The East Sussex Local Governmarit Pension S¢heme is administered by the County Council. The scheme provides retiremanl benefits lor County Council employees, bul members also include employees ol Brighlon & Hove City Council, the live borough and distr￿1 councils. academies. universities, colleges and public authorities. In accordance with ihe Local Governmenl Pension Scheme RegUlat￿n$, associated legislation and Ihe Pensions Committee terms ol reference, the East Sussex Pension Fund Pension Comrnittee is responsible lor all lun¢iions and r8sponsibilrties relating to the managerneni ol the East Sussex PensKJn Fund, this includes making arrangem8nls lor the investment. administration and management ol ihe Pension Fund. receiving advice as appropriaie Irorn the Pension Board. The Pension Committee also agrees Policy Statements, as required under lh& LGPS regulations. and decides on ihe admission aThJ ce$salM)n ol bodies to ihe PensiL)n Fund. The employer contribul￿n rale set by the administralors ol the scheme was 0% ol contributory pay during the 20121 financial year. It was delemiined that the employer contribution rale lor Ihe financial years 2021122 10 2022123 will be 0% also. 24. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES Group 2022 £'ooo Group 2021 £0 Nel movement in luThYs Add back depreciation charge Add back Ios5 on disposal ol fixed assets Deducl interest income IlncreaseyDec￿a$e in st¢xk IlncreaseyDe¢rease in debtors IncreasellDecreasel in creditors 315 517 158 2.349 533 15 {7271 987 408 698 Not cash used in operating acti¥ilies 1,194 2,594 42 BRIGHTON DOME AND FES￿vAL LIMITED (Company Number.. 00889184) Annual Report and Accounts for the year ended 31 March 20f2 25. AGENCY RELATIONSHIP WITH BHCC ICAPTAL PROJECT) Duiing the financ￿1 year BD8F collected lundraiwng income and incurted costs on behalf ol the Capital Project. Fundraising income is invoiced by BHGC and Gosls recharged by BDBF. All balances relating to the funds raised and costs incurred were.invoiced lor by the balance sheet date. 26. AUDITORS REMUNERATION A lee 01 È20.830 lor the aLKlil ol Ihe group ol Gompanies has been accrued in the 2021122 accounts. {2021.. £20,830) 27. 2021 COMPARATIVES FOR SOFA CONSOLIDATED STATEMENT OF FINANCIAL AGTIVITIES (including consolidated Income & Expenditure Account) Unrestrided funds ReslTi¢ted funds Tol•l 2021 The Brighton. Dome Venue £QOO's Operations £Ixio'$ Designated £000'5 Projects £000'5 £IJOO'$ Incomtr: Grants & donah'ons 5,180 3,196 115 8,491 Income from charitable activities Income Irom trading activities 1.752 91 1.752 91 Inveslmerbt Income T￿81 income 7.024 3.196 115 10.335 Expenditure on: Cost ol raising lunds Expenditure on charitable activities 192 4.329 192 7.794 84 2.947 434 Total oxpendilure 4.521 84 2,947 434 7,986 Nel lexpenditurell income Transfers between funds 2.503 {841 249 13191 2,349 (2.3641 2.364 Net'movemenl in funds 139 . 2.280 ' 249 13191 2.349 Total funds brought loNaYd 133 736 217 10,363 11.449 Total funds canied forward 272 3,016 466 10,044 13,798