2023-03-31-accounts

Brighton Dome and Festival Limited

(A company limited by guarantee)

ANNUAL REPORT AND ACCOUNTS

for the year ended 31 March 2023

Registered number: 00889184 Charity number: 249748

CONTENTS

		Page
The Annual & Strategic Report		2
		17
Consolidated Statement of Financial Activities		21
Consolidated Balance Sheet		22
Company Balance Sheet		23
Consolidated Statement of Cash Flows		24
Notes to the Financial Statements		25-45

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

The Trustees are pleased to present their annual report together with the accounts, which includes both the 3.

Reference and administrative details

Charity number: 249748

Company number: 00889184

Principal Office: The Dance Space, 2 Market Square, Circus Street, Brighton, BN2 9AS

Banker: Metro Bank, 79-82 North St, Brighton, BN1 1ZA

Auditors: Haysmacintyre LLP, 10 Queen Street Place London, EC4R 1AG

Directors and Trustees:

The Directors of the charitable company (the Charity) are its Trustees for the purposes of charity law and throughout this report are collectively referred to as the Trustees.

The Trustees serving during the year and since the year end were as follows:

Mr Danny Homan Chair Mr Judah Armani Ms Nicola Briggs (appointed 20 September 2022) Ms Lucy Davies Mr Duncan James (appointed 20 September 2022) Mr Nick Juba Mr Jordan Kensington Ms Melanie Lewis Mr Christopher Martin Mr Peter McCusker (appointed 20 September 2022) Cllr Phelim MacCafferty (resigned 24 July 2023) Ms Marina Norris (resigned 20 September 2022) Cllr Ms Elizabeth Simpson (appointed 6 December 2022) Cllr Jill Stevens (appointed 24 July 2023)

Officers and Executive Management

The current officers, and those who served during the period, are as follows:

Mr Andrew Comben Chief Executive and Company Secretary (the latter from 27 January 2023) Mr Andrew Caddy Director of Finance and Company Secretary (until 27 January 2023) Ms Kyla Booth-Lucking Director of Programming and Participation (job-share) Ms Carole Britten Director of Marketing & Audiences Ms Beth Burgess Director of Production, Festival Executive Producer Mr Peter Chivers Director of Music & Arts Ms Zoe Curtis Director of Visitor & Venue Services Ms Maxine Hort Director of Operations Mrs Laura Keogh Director of Human Resources Ms Tanya Peters Director of Programming and Participation (job-share)

Disclosure of Information to Auditor

Insofar as each of the Trustees of the Company at the date of approval of this report is aware there is no

all of the steps that he/she should

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BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

have taken as a Trustee in order to make himself/herself aware of any relevant audit information and to

Auditor

Appointment of auditors for the financial year ending 31 March 2024 will be proposed and discussed at a future meeting of the Board in accordance with section 485 of the Companies Act 2006.

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BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

Principal activities

The year-round programme for 2022-23 has again focused on maximizing use of the Concert Hall, mostly largescale events across music - both contemporary and classical, comedy, circus, talks and dance with just the chamber recital programme being presented at the Attenborough Centre (ACCA).

The total number of events in the Brighton Dome programme (including events during Brighton Festival) was much increased on previous emerging from the pandemic years to 315 public performances, tours and workshops (2022: 127; 2020 264; 2019: 276; 2018: 294, 2017: 434). Our total ticketed year-round performance attendance was up significantly on last year at 180,834 (2022: 140, 642 and much closer to pre pandemic levels (2020: 213, 514, 2019: 195,955, 2018: 191,995 2017: 184,071) and event levels in the Concert Hall- 136 events (2020: 159; 2019: 153, 2018: 151, 2017: 137).

Our overall paid attendance reached a was 78% well above our KPI target of 70% with 84% total occupancy, higher than most pre-pandemic years (2020: 82% 87%; 2019: 77% and 82%, 2018: 76% and 82%, 2017: 77% and 82%). Overall ticketed attendance in our Brighton Dome venues including Brighton Festival was 218,247 our highest since the pandemic and back to previous levels (2020: 231,204;2019: 215,533, 2018: 217,256, 2017: 220,095).

The dance programme featured two international highlights in partnership with Dance Consortium. The return of the joyful Les Ballets Trockadero de Monte Carlo all male pastiche ballet company and the UK premiere of The Sacrifice - Dada Masilo Company strongest sales on the tour.

as part of a Music Beyond Mainstream tour. Notable artists from the Rock & Pop programme ranged from a welcome return by 2017 Guest Director Kae Tempest, international artists including Courtney Barnett, Peaches and Beth Hart and award winners Self Esteem, current emerging stars such as Cavetown and Jacob Collier and the draw for younger audiences for hiphop/R&B performers Loyle Carner and Tens, ENNY and Gabriels appearing as part of The Great Escape.

The classical music programme featured four concerts by the London Philharmonic Orchestra and six from the Brighton Philharmonic Orchestra both seeing audiences increasing to almost pre pandemic levels by March; with a similar picture for our six chamber recital series at the Attenborough Centre for Creative Arts tmas Concert was back to a sell out.

Our comedy programme continued to thrive with two hugely successful Live at Brighton Dome nights and a total audience of 51,000 over 36 events back to pre-pandemic levels. There were successful multiple shows from Kevin Bridges, Joe Lycett, Celeste Barber from Australia, Sarah Millican and the finally rescheduled Jon Richardson. Other highlights were visits from Jack Whitehall in a warm-up show for his arena tour, David Sedaris, Sara Pascoe, Sandi Toksvig and Joanne McNally. A third of the programme featured female artists.

The talks programme included a special sold-out international visit from Bernie Sanders interviewed by comedian Frankie Boyle, the acerbic raconteur and fellow American Fran Lebowitz, Richard E Grant and wildlife presenter Steve Backshall, plus a series of heritage talks in the founders room including focusing on our connection to the Suffragettes.

Our Christmas programme continued the combination of international circus and ballet this year in the Concert Hall with eight performances of FIQ! from Groupe Acrobatique de Tanger which although attracting over 8,000 was less successful than anticipated. Ballet Theatre UK however did attract strong family audiences over 4 performances with Beauty and the Beast and the combined audience was just over 13,000. The Choir with No Name, in support of homeless and marginalized people, returned once more and our live orchestrated

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BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

screening of the Snowman accompanied by a Peter and the Wolf. Our Christmas programme overall achieved audiences of over 20,000 a new high (2019: 19,605, 2018: 19,678).

Alongside the Christmas offer the family programme also featured Fatt Projects Palaver Party a performance party for kids over Pride weekend and two music events for children and their families Milkshake Live! And

We have seen the successful return of many of our community events for schools, colleges and other local groups with highlights this year GCSE Poetry Live, GCSE Science Live, Streetfunk Straight Up showcase, the supported as part of our commitment to community events. We also continued our programme regular free open days - Heritage Open Day (Sep); Family Day (Nov) in partnership with Black History Month); Festive Fun of Flarewave Festival (Sep) a new deaf arts-led Festival Disabled Access Day (Feb). Our assisted performance programme included two Audio Described, 5 BSL, four captioned and three relaxed Performances across the programme of year-round events.

We have continued to enable artist-led initiatives to partner with BDBF on opening spaces to diverse artists, for example through the Open Venues scheme with Brighton Artists Network and in hosting safe, free spaces for creative practitioners to meet, support each other and share ideas such as Creative Catch Ups with Iron Clad Creative. We provided in kind space to Puppets with Guts, Producer Top Up (skilling up 10 underrepresented producers from the South East), Jean Abreu and Make Amplify.

Our new cohort of In House Artists were announced in March 2023 Annie Whilby (aka AFLO. the Poet) and Erin Enfys. We were delighted that the first cohort continued their artistic journey in partnership with Emma Frankland working towards realising Galatea as an outdoor production for Brighton Festival 2023, Tanushka Marah in creating heritage pop up events with Windmill Youth Theatre and working towards youth led Bakkai also for Brighton Festival 2023 and supporting Akila Richards to develop her The Rest Experience project with in-kind support.

We delivered our series of Open Days - Heritage Open Day, Festive Fun Days, Black History Family Day, welcomed many artist Centre, Gladrags, Carousel, Murmuration Arts, Writing our Legacy, Chattri Memorial Group, African Night Fever amongst many others. PRIDE family day invited FATT projects to present Palaver Party which attracted families to enjoy a disco, craft and short performances celebrating messages of acceptance and love.

Brighton Festival 2022 was co-directed by Marwa Al-Sabouni and Tristan Sharps looking at the theme of Rebuilding. Through a shared love of architecture and its impact on human life they created two new commissions for the Festival, the Riwaq, a unique structure built for the communities of Brighton and a new

The Riwaq quickly became the beating heart of the festival, for a variety of international and community artists providing workshops and music from around the world. The Riwaq represented a transitional space of exchange, often figuratively used in Arabic traditions as a referential space for culture and knowledge: the Riwaq of poetry, the Riwaq of culture. Working alongside Best Foot Music, Our Place and festival artists we presented an inclusive programme filled with local, international and migrant artists who have immigrated to Brighton from across the world. Mixing cultures, art forms and information about lives across the world, the Riwaq was a stunning success. The total audience reach was 24,000 across over 150 performances.

Unchain Me the much-anticipated work by dreamthinkspeak took us across the city in an intense immersive journey asking the question, are they united by idealism or misguided and led by fanaticism. This sold-out production started a conversation across the festival on the times we are living in and how best to navigate change.

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BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

Other Highlights included the beautiful Witness Stand who commissioned a community of writers and sound artists with local connections to respond to each of the five chosen sites that each reverberated with ancient, recent and future stories.

The Music Programme highlight included The Orchestra of Syrian Musicians who astounded an audience with a celebration of Syrian Music and traditions, Handels

Unsung Heros, with the amazing Iestyn Davies, the American trumpeter Ambrose Akinmusire, and p-roaring music parade Smoosh , delighting the East Brighton communities with pop-karaoke The Patient Gloria to the windswept Wuthering Heights directed by Emma Rice. As part of our long-standing partnership with Farnham Maltings, Caravan a bi-annual event that presents new performance made in England, a programme focusing on socially engaged work offered artists and programmers from around the globe to gather for conversations, showings and fully produced works that helped focus how artists are responding to returning to a new landscape after covid.

A new commission with Hofesh Shechter and Circus from Circa and Extraordinary Bodies provided a beautiful insight into the human body and its amazing abilities.

The Festival provided us with a hope of rebuilding our connections after coming out of a pandemic, understanding new questions around our society and how we are all connected in more ways than one can imagine

The total ticketed attendance for the Festival was 38,222, down by 10% on the target but significantly increased from BF21. The visual arts/installations and outdoor programme reached almost 60,000 and the total audience reach for the Festival was 103,042 (2022: 80,271; 2020: 150,581)

Our overall audience reach for the organisation across Brighton Dome & Brighton Festival for this period was 329,417 (2022:224,325; 2021:73,921; 2020: 391,082) which reduced the gap to pre pandemic levels to 20%.

Create Music

Since April 2022 Create Music has been focused on building a diverse programme of music activity for children and young people across Brighton & Hove and East Sussex and growing engagement with schools across the region to deliver the Department for E

March 2023, Create Music engaged with 7676 children and young people through instrumental/vocal lessons and engaged with 85% of schools through our programme of whole class and small group tuition, singing projects and performances, teacher networks and continuing professional development.

Our programme of Whole Class Ensemble Tuition (WCET) has continued to regrow, with more schools reengaging following a break in programme delivery during the pandemic. By March 2023 Create Music had worked with 89 schools to deliver WCET programmes, an increase of 20% on the year.

Following a successful return to live music making at our 5 regional Music Centres (Brighton & Hove, Eastbourne, Hastings & Rother, Lewes and Wealden) in summer 2021, Create Music continued to build opportunities for music making outside of school across the past year. Between April 2022 and March 2023, 659 young people took part in Music Centre activities and short courses, such as Rock & Pop/Band workshops. Create Music has focused on further diversifying musical activities, offering experiences in a range of musical genres and pro-actively working to increase engagement with young people who may experience barriers to participation, for example children in receipt of Free School Meals and/or with Special Educational Needs/Disabilities. Across the year 473 young people took part in inclusive programmes, such as Holiday, Activity & Food (HAF) courses and orchestra360, including 223 with SEND, an increase on the previous year.

and siblings has contributed significantly to this increased engagement, with 3 successful ensembles running in Brighton and a fourth group now established in Eastbourne. Plans are in also in development for new Orchestra360 ensembles to take place in the Hastings & Rother and Wealden areas next year. Create Music east, focused on the development of inclusive practice in music, funded by Youth Music.

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BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

In July 2022, Create Music was able to reinstate a full Summer School programme, for the first time since the pandemic. 650 children and young people took part in music courses, with the programme offering a diverse ren with no prior experience of learning an instrument. In total 35 courses were offered across 4 venues including the Attenborough Centre for the Creative Arts; Performing Arts Centre Lewes; East urses culminated on a celebration performance with a strong focus on musical skill development and the joy of returning to large-group music-making.

During the autumn, Create Music worked closely with our strategic partner Glyndebourne to produce a return to group singing activities through the One Voice project. Again, this was the first time that this large-scale performance activity could take place, in person, since the pandemic. Create Music worked with schools across the autumn term to prepare a vocal programme, which saw 1,980 children from local primary schools taking part in a series of performances at Glyndebourne in December 2022. A further 1,102 young people and teachers took part in the One Voice Digital Festival, a series of virtual workshops, training and performance opportunities offered alongside the live performances in December. Our work with schools highlighted a need for ongoing support to rebuild singing in schools, post-Covid and has informed the development of singing support and activity for the coming year.

Across the year, Create Music also worked with a range of partners, including professional venues and professional musicians/orchestra/ensembles to provide unique and high-quality performance experiences for young musicians. During this period over 2,500 young people took part in performances at Brighton Dome, De La Warr Pavilion and Glyndebourne, including collaborations with the London Symphony Orchestra, London Mozart Players and soloist Jeneba Kanneh-Mason. In May 2022 our young musicians also took over the stage for a day, with school bands and Create Music ensembles coming together to programme a full day of performances at The Riwaq as part of Brighton Festival.

ite, we have continued to focus on growing brand awareness and establishing our identity and values through targeted marketing campaigns and ongoing communications.

Future Creators

Across the past year, Future Creators (Cultural Education Partnership) has worked with young people to develop creative, social and emotional skills, shown to build confidence and resilience, through a variety of cultural, creative and strategic programmes. Future Creators is focused on skills development pathways to -being.

Future Creators is a founder partner of the Cities of Learning programme, working with The RSA on this national programme to badge informal learning, create pathways to skills development and build links with local employers and further training and employment opportunities for young people and adults. Through this programme, Future Creators has delivered mentoring for four new regions engaging in the programme for the first time Belfast, Bradford, Cambridgeshire and Tees Valley.

Future Creators played a significant role as a Kickstart Gateway organisation, supporting young people into work placements in the creative industries across Sussex and North London. During the year we supported 180 placements, 259 participants in our employability programme, 43 creative partner organisations and awarded 134 digital badges to young adults; through the Kickstart programme. A further 55 people took part in Listening Circles, facilitated by Future Creators to help self-employed creative practitioners build sustainable businesses.

Future Creators also facilitated a Jobs and Volunteering Fair which was attended by 203 people. Following the Fair, 83 attendees progressed to at least a second stage interview with a local employer from the creative industries.

Utilising creativity to enhance wellhas established a popular model of holiday art clubs, offering much-needed provision for Children in Care during

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BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

the school holidays. The model has been co-designed with young people and the Virtual School for Children in Care offering multiple courses across the year with opportunities for young people to learn new skills, connect with others and work towards achieving an Arts Award. The Future Creators Holiday Art Club for Children in Care supported 74 children and awarded 76 Arts Awards to participants across the year. Future Creators also worked in partnership with the NHS to host an NHS Youth Summit event to host 100 health professionals and 13 young delegates in an event focused on user-led discussion of mental health service provision for young people.

Community Projects and Creative Learning

Miss Rep and Represent

The alumni of Miss Represented community project for disadvantaged young women has continued. Meeting at the Bloom café has given the group a new focal point and enabled them to continue to meet, create and and supported by The Home Office via the Violence Reduction Partnership in Sussex and TDC (Trust for Developing Communities). Two young men from the programme have gone on to create their own music with resources and confidence gained from the project and another is planning to pursue an interest in acting, following encouragement from the mentors.

Our Place is now in its sixth year running co-creating arts activity with residents of Hangleton and Knoll, East Brighton, Moulsecoomb and Bevendean. Activities have included an Audience Club year-round alongside the festival activities. Over 2,500 people have engaged with Our Place in this year.

about event within the whole of the Hangleton and Knoll Community. The benefit to our area that Brighton experience due to the wide range of different and inclusive activities that Brighton Festival provide. They pride themselves on their inclusivity, always thinking of every need possible when programming, going above and beyond to ensure there is an activity for everyone.'

Gemma Powell, Manager, Hangleton Community Centre

We work with many schools across a variety of activities. One new example this year was Full of Surprises, a schools project inspired by our heritage work visited six libraries and schools in Brighton and Hove, delivering workshop for primary age children and their teachers and families. The workshops introduced key moments in our historical timeline through a character actor and various artefacts. Children were then able to enjoy creative activities linked to the artefacts. Demand for this project ahs continued and we have also delivered it within Heritage Open Days and will offer it to schools again in future.

We continued to support schools and community groups to present their work on the Concert Hall stage, bringing in thousands of parents, friends, families and teachers to celebrate the music, dance and theatre made by and with children and young people. Recued rates for these groups making the events possible and our team provides additional technical support to raise the production values of the show, making every performer have their best possible experience. In this year we welcomed Dorothy Stringer School, Create Music groups, Song for Sussex, Streetfunk and Windmill Young Actors.

- Workplace Well being and Equality, Diversity & Inclusion

Well-being

Following covid, we have been mindful of the impact this and our continued redevelopment have had on our staff and so well-being has continued to be a significant focus for the work of the HR team. In the 2022/23 financial year, we ran our annual Well-being Survey in July 2022 and overall staff well-being stayed at 6.6 out of 10 in terms of staff rating how they felt about their own well-being compared to the previous year. As a result of feedback received through this survey, we supported staff by running regular free NHS checks available for staff aged 40 or over, with 100% take up of these during October 2022. We now have a number of Mental Health First Aiders trained within the organisation and the HR team have facilitated the creation of the Mental

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BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

Health First Aider Group who meet on a regular basis to discuss how they can support our staff in the workplace.

The occupational health contract has been reviewed and we are now using a company based in Brighton so that our staff are able to attend appointments with them in-person rather than on the phone or remotely. On the 8[th] February 2023, we ran our annual Time to Talk Day and provided staff with opportunities to book sessions. This event is always well attended and we will be considering what we can do differently next year to maintain staff engagement.

During 22/23, we ran an inth November 2022, ran an inth December 2022 and then a lunchtime session for staff on 8[th] - year, we have been exploring the use of an e-learning system called IHASCO which will give our staff access to a variety of well-being courses such as mental health awareness and menopause awareness to name a few.

Office Move

In July 2022, we moved our offices from 12a Pavilion Buildings, Castle Square to a brand new accessible and open plan office on the first floor of The Dance Space on Circus Street. The space is leased from South East Dance and we are excited to be sharing this space with them. Our staff are now working in a modern office environment which encourages staff to collaborate as the office is open plan and has a collaboration space as well as a zone for quieter more focused working and two meeting pods for staff to book. This has helped us to embed hybrid working within the organisation for our teams who are able to work in this way. Training has been provided to managers on how to work in a hybrid way and policies amended to incorporate this way of working. Staff feedback has been sought continuously on how the space is working and we will continue to do this as we settle into our new offices.

Equality, Diversity and Inclusion

During 2022/23, we continued with our work on developing an anti-racism strategy for the organisation. This included providing training to all of our staff on allyship and on staff having the confidence to challenge behaviours such as microaggressions. These sessions took place in July 2022 and in September 2022. During December 2022, our anti-racism statement from our CEO and published on our external website, was refreshed in light of the work we had undertaken and new commitments published on there.

The latter part of this programme included our Equality and Diversity Action Group (EDAG) with Trustee involvement, being coached by our external EDI consultant on how we needed to create stretch targets for ourselves. This work led to our Equality & Diversity Action Plan being re-written and shared with staff in January 2023.

Since the plan has been refreshed, we now produce equalities data on a quarterly basis for EDAG and provide data on our recruitment process to so that the group can review progress with recruiting people from following a discussion at EDAG and our Disabled & Carers Staff Equality Group established in July 2021 are still continuing. These groups are active in supporting the organisation to review current policies and practice to ensure that none are a barrier to any of our staff. We are looking to refresh the Diverse Voices Book Club and will be working on how we can do this during the next financial year following input from EDAG.

Our staff group including casuals and volunteers, is currently made up of 19.3% ethnically diverse people with the local demographic being 19.6% (census data from 2021). In addition, our staff group are currently made up of 14% who identify as disabled with the local demographic being 8% (census data 2021). Both of these groups are actively encouraged to apply for our vacancies via positive action statements. 10% of our workforce are neurodiverse (no census data exists on this) and 18% of our workforce identify as LGBTQIA+, compared to census data for 2021, where 10.7% of people living in Brighton & Hove identify as LGBTQIA+.

We remain a Disability Confident Employer under the Disability Confident Scheme and are looking to achieve level 3 of this award, which would be to become a Disability Confident Leader. We are also a member of the Disability Action Alliance Volunteer Charter.

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BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

Our training programme for 2022/23 has included a variety of equality, diversity and inclusion workshops for staff on the following:

The Confidence to Challenge

• Allyship Unconscious Bias Disability Awareness

For the new financial year, staff will have access to the following courses via IHASCO our e-learning platform:

• Gender Identity and expression

• Equality, diversity and inclusion Autism awareness Disability awareness and inclusion Unconscious bias

Conferencing & Private Events

2022-23 saw the meetings and events industry start to slowly recover following the significant impacts of Covid. Associated restrictions and coronavirus variants influenced the decisions of many long-term bookers and clients to postpone or cancel their events in the period 2020-22.

In addition, the ongoing closure of the Corn Exchange and Studio Theatre due to the refurbishment project, plus the fact that dates in the Concert Hall were primarily allocated for shows that needed to be rescheduled due to the pandemic, continued to place limitations on the number and size of conferences and private events that could be secured.

Despite these ongoing challenges, we were able to seize a few opportunities, including delivery of largescale key celebration events for two significant local corporate organisations. Our efforts were met with resounding praise and excellent feedback, with attendees and participants taking to social media to express their admiration for our team and venue.

Although confirmed dates for the reopening of the Corn Exchange and Studio Theatre remained hard to tie down, we worked to develop comprehensive reopening plans for our refurbished venues, including undertaking site inductions so that tours of the building site for prospective bookers could take place. As part of our commitment to maintaining excellent communications with current and future bookers, we introduced a new Customer Relationship Management (CRM) system to enhance our ability to engage with our clients and to report on key performance indicators.

Bars & Catering

By March 22 any remaining Covid restrictions had been lifted and normal bars operations had resumed. Some initiatives, such as the on-line pre-ordering service for drinks, were retained and continue to be used. After restrictions were eased, we returned to using reusable cups to reduce the use of single use plastics on our bar.

January 22 saw the install of new equipment from Bedlam Brewery, following a tender exercise to find a new supplier to support existing bars operations in the Concert Hall and new bar spaces coming online in the Corn Exchange and Studio Theatre in 2023. Unfortunately, after a successful year trading with Bedlam the company became insolvent and we are grateful for the other suppliers, many of whom who are local who have stepped in to offer support at this challenging time.

The new financial year saw detailed design of the bars and kitchens, which also feature in the refurbished venues, finalised. Coordination was required with the design team responsible for the base build and the Heritage Interpretation designers Drinkall Dean. A milestone was reached when works, undertaken by local

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BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

contractor BCS Robertson, started on site in September 22. Work continued into the spring of 23 and we are delighted with the spaces which are now being used to deliver Van Gogh Alive.

Following a competitive process the previous year, we were also able to announce our chosen restaurant partner. Red Roaster are an independent operator who have a strong track record within the city. Out of a significant number of interested parties, they were able to demonstrate their commitment to delivering a quality offer which would add value to our existing and forthcoming events programme, in line with our values of customer service and sustainability. Their commitment to local sourcing and employing local people, including ms, making them the obvious choice.

Located next to our Welcome Area, the restaurant forms part of our refreshed offer to visitors and residents to come in, engage with the venue and acts as a window into the artistic activities and events on offer. The new restaurant/ cafe space occupying the area previously used as the Studio Theatre Bar will thereby enable BDBF to connect with audiences, the local community, and visitors to the city in ways which were not previously possible.

Appeals and Fundraising

The fundraising team continued to work closely with other departments to nurture donor relationships and grow fundraising income streams while navigating the final phase of the capital redevelopment project and the impacts of the changing economic climate.

Increased audiences post-pandemic, the anticipation of the Corn Exchange and Studio Theatre reopening and our wide-reaching community participation and Festival programmes have helped us exceed the fundraising income target, including much increased corporate sponsorship income, re-growing membership and online donation total as well as another successful crowdfunder campaign, including major gifts, name-a-seat and special edition art print sales elements.

We are immensely grateful for all the continued and new support of our major donors, patrons, members, online donors, trusts and foundations and corporate sponsor supporters. Together they supported our core operations, as well as specific projects such as new Brighton Festival 2023 artistic commissions, Umbrella Club for children with life-shortening conditions, Our Place community co-creation programme and inclusive music education activities for children and young people throughout East Sussex. Thank you to trusts & foundations Mrs A Lacy Tate Charitable Trust, Andrew Lloyd Webber Foundation, Arnold Clark Community Fund, Awards for All, Baily Thomas Charitable Fund, Brighton District Nursing Association Trust, The Chalk d, The Pebble Trust, The Reed Foundation, Roy Hudson Trust, Waitrose: Community Matters and Youth Music.

In terms of corporate support, Moda Living was a major sponsor for the second year running, with Mayo Wynne Baxter coming onboard as a new major sponsor for the year. University of Sussex, also continued with their major level support, as our Higher Education Partner. We also had support from Brighton Girls, sponsoring the

Our established individual giving programmes, namely membership (from £35 per year) and patrons (£500+ per year) continued growing and retaining long-standing supporters. The Patrons Circle increased from 82 members in 2022 to 92 in 2023. The total number of Members increased to 2368. Pre-pandemic, we had 2699. Patrons and Members are also our most loyal ticket buyer groups, significantly contributing to our ticket sales income throughout the year.

Capital redevelopment

After a significant period on site (works started in 2017) the redevelopment of the Corn Exchange and Studio Theatre finally began the last stages of works and plans for a reopening in spring 23 were able to be developed.

Brighton & Hove City Council, who own the venues continued to lead on the project, working closely with the support in addition to our other key funders Arts Council England and the National Lottery Heritage Fund.

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BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

The redevelopment project is Phase 1 of the Royal Pavilion Estate Masterplan and includes restoration of the Grade I listed, 200-year-old, Corn Exchange to increase the seated capacity to 500 and delivers substantial improvements to the 200-seat Studio Theatre. Venue users will enjoy new bars and front of house areas riding school.

Following significant delays and rising project costs caused by the insolvency of the original contractor, Covid19, and volatile supply chains, 2022-23 has been a year of significant developments on site with many areas entering into the finishing stage of works. Teams have been able to finalise purchasing of new production equipment and in October 22 we were able to announce that our new dedicated artist creative space would be named after Dame Anita Roddick following a generous grant from the Roddick Foundation, long-time experiment, and create new works and will offer opportunities for auditees to observe and learn first-hand about artistic practice.

commenced this year. When works are complete, they will form part of a unique 5G test bed as we are the only cultural venue in the UK hosting this technology.

ability to drive self-earned income to invest into the maintenance of these historic spaces and to support increased programme of artistic and participation activities.

Heritage Interpretation and Activity

Our Community Engagement Manager (Heritage) has worked in depth with several community groups to engage under-represented groups with our heritage and uncover contemporary connections with our stories. Writing Group, Writing our Legacy and Chattri Memorial Group amongst others. As we gained momentum throughout the autumn we engaged over 2500 people in Open Days and enhancing existing events in our main programme with heritage displays and activities. We engaged sound artist Helen Anahita Wilson to create intriguing sound collages of oral histories gathered by our Heritage Volunteers. This allowed them to put their specialist training in Oral History gathering into action and share previously unrecorded personal memories connected with our history. We embedded our heritage work in Brighton Festival at the Riwaq, at Festive Fun Day and in libraries, schools and in talks held in Founders Room. Our heritage stories of focus in this phase

Environmental Sustainability

BDBF is looking towards 2030 as a milestone when we will aim to have reached net zero in our Scope 1 & 2 green house gas emissions. By 2030 we will also have firmly embedded the expectations we will set for our suppliers and value chain.

Beyond Net investment principles plan for Environmental Responsibility.

Energy

In May 2022 in the face of Covid impacts and the energy crisis BDBF undertook an energy audit which included a review of the building ventilation strategy necessary over the pandemic. Adjustments were made within the venues to reduce ventilation run times and modify C02 monitoring parameters, meaning that energy required to ventilate and to heat the venues was reduced. Brighton Dome and Brighton Museum worked in tandem to reduce their energy consumption through mechanical and electrical equipment. Examination of an increase in overnight consumption took place, which appeared to connect to the redevelopment where mechanical and electrical services were being adapted.

There were other actions taken to reduce energy consumption including an Energy Saving Workshop where short and long term actions were discussed and agreed by teams with specific emphasis on how individuals might reduce energy.

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BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

Although the delay to the handover of the Corn Exchange and Studio Theatre positively impacted projections in energy consumption, the work carried out to reduce energy consumption in 2022 resulted in significant true reductions.

Electricity consumption reduced year to year by nearly 32% from 1,50,080 kwh to 716,169 kwh. In addition to measures taken to reduce the draw on gas we were helped as the winter was also warmer than typical and consumption was reduced by 77% from 694,445 kwh to 392,053 kwh.

which is the lowest the organization had reported since 2015. If audience travel (which falls into a Scope 3 emissions category) is excluded then the annual carbon footprint is reduced to 227 tonnes.

or the past year.

still benefit, amongst pressing maintenance needs, as there is more than can still be achieved.

year fixed electricity contract ended on March 31[st] 2022 and we were facing a bleak picture as new contracts were withdrawn from the market during the height of the energy crisis created by the Russian invasion of Ukraine in late February 2022.

We were able to join an emergency group energy procurement scheme operated by Crown Commercial Services opened for public sector organisations who had contracts coming to a close during the crisis. Despite this, the cost of electricity at the start of the financial year increased by over 200% because the organisation had both been cushioned from natural cost increases and emerged from contract during the energy crisis.

We considered whether financial pressure should cause us to temporarily step back from our 100% renewable energy commitment for cost reasons, however the additional cost to obtain a renewable guarantee was estimated at less than 10k within a much larger budget and so green energy and its role in our overall commitment to Environmental Responsibility, ultimately held priority. th and an emergency scheme with CCS was commenced.

The UK Government had initially committed to supporting domestic users with a price cap on wholesale energy costs but had not announced a similar scheme to support businesses through the crisis. However, between 1[st] October 2022 and 31[st] March 2023 the EBRS scheme was opened for businesses. BDBF benefitted from this cap over this 6 month period which was applied to the wholesale element of energy to reduce further the rates achieved through the contract with the public sector scheme. With the EBRS discount applied to gas charges the pence per kwh of 8p still represented an increase of 300% compared with September 2022 and the 3 years prior.

We continue to participate in the public sector scheme for gas and electricity purchasing having graduated into standard framework agreements from the emergency arrangements. We are monitoring the markets and changing Government support arrangements carefully.

BDBF vacated the 12a Pavilion Buildings offices in July 2022, leaving behind an energy inefficient building which was particularly costly to heat in the winter and had no comfort cooling in summer. The Dance Space represents a modern and sustainable new home for BDBFs office staff with a smaller footprint to support hybrid working, state of the art construction and mechanical and electrical equipment. An understanding of the carbon footprint created by BDBF at The Dance Space is being developed.

A programme of Carbon Literacy training began in 2022 with an emphasis on members of Management and the Green Team. They attended live training accredited by The Carbon Trust which was tailored to our industry. Attendees were required to make a commitment in order to have their training accredited. Training in the climate crisis is designed to help staff engage with our aims and help these be realized, as well as encouraging them to live more sustainably in their wider lives.

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BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

Water

Consumption of water recorded at the venues was 45% higher than in 2021-22 (at 3,192m3 against 2,205 m3 the previous year), potentially connected to the redevelopment but also likely to have been impacted by lower admissions over Covid-19 as recorded footfall increased by 37% year on year.

Waste

The Green Team and other staff enjoyed participating in an estate wide litter pick with staff from Brighton Museums organised by BHCC in September 2022.

The transition away from disposable plastic cups in the Bars Department represents a significant advancement towards our goal to be free of disposable plastic. Investment in water bottle refill stations across the redeveloped areas and also the Concert Hall is continuing.

Improvements to the monitoring of waste collections means that BDBF now has access to weighed waste data recorded. In 2022/23 we subsequently recorded 80% of waste being recycled against previous total of 69%.

Travel

In 2022-23 18% of the year round audience chose to travel to the venue with zero carbon footprint via walking or cycling. 35% of the audience chose to travel sustainably by public transport. We reached our target to increase from 49.7% to 53% sustainable audience travel and continue to try to encourage audiences through communication of incentive schemes such as the BetterPoints app, participation in events like Earth Hour and in the development of relationships with local public transport providers.

The Brighton Festival audience traditionally travel more sustainably to events in the city with 60% recording sustainable travel methods.

We ran our staff sustainable travel competition, rewarding three staff winners who logged the most sustainable journeys over the May period with vouchers for wholefood and refill shops locally.

Financial Results

Consolidated results are presented for the year ended 31 March 2023 with a recorded surplus on unrestricted net operations of £89,000 (2022: Surplus £622,267).

2022-23 saw a return to regular operations following the Covid-19 pandemic and subsequent recovery period. A full programme of events in the Dome Concert Hall as well as an increased number of classroom music lessons enabled us to grow our charitable income significantly during the year to £6,763,089 (2022: £5,179,298).

The Charity earned 56% (2022: 44%) of its normal operating income from ticket sales, sponsorship, catering and the private event income channelled through the trading company (Brighton Dome and Festival (Trading) Limited) and 44% (2022: 56% of its income through grants and donations. 37% (2022: 43%) of normal Council England (ACE) meaning that 63% of income is self-generated.

Voluntary income fell to £5,576,886 (2022 £6,671,134), due to the ending of the Cultural Recovery Fund and Coronavirus Job Retention Scheme (Furlough Scheme) grants made available during the Covid-19 pandemic (received in the 21-22 financial year).

The Brighton & Hove and East Sussex Music Services (now jointly branded as Create Music) had an impressive year, generating income from tuition and workshops of £2,106,983 (2022: £1,778,137), and with total expenditure on educational activities reducing to £3,416,909 (2022: £3,482,933).

The Charity has a long-term agreement (27 years remaining) with BHCC that determines the details of the Lease of Brighton Dome, the Sinking Fund and the Arts Fund which supports the activity of both Brighton Dome and Brighton Festival. In 2022-23 the Arts Fund contributed £1,938,146 to income. The Charity is a long-standing National Portfolio Organisation of ACE with confirmed funding through to 31 March 2026.

14

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

The Trustees would like to thank all our supporters, funders and staff for their continued support, and would also like to offer our thanks to our regular funders BHCC and ACE for their continued financial support and guidance.

Going Concern

Accounting standards require the Trustees to consider the appropriateness of the going concern basis when preparing the financial statements.

Trustees have considered the level of funds currently held by the Group and the Company and the expected level of income and expenditure for a period of twelve months from the date of signature of these financial statements. After reviewing the funding streams available to it and making appropriate enquiries, Trustees consider that the going concern basis is appropriate. Additionally, the Group had a carried forward balance of cash at bank and in hand at the reporting date of £5,163,410 (2022: £5,423,625) and had positive total unrestricted operational reserves of £811,800 (2022: £894,279). Trustees have a reasonable expectation that the Group and the Company have adequate resources to continue in operational existence for the foreseeable future and until full trading has resumed. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

The Trustees are aware of the significant uncertainties around the wider economic and inflationary pressures, as well as the uncertainties involved in the reopening of the renovated Corn Exchange building. In order to manage these future risks a transfer of £2,364,070 was made in the 2021-22 Financial Year to funds with specific designations to manage these risks. At 31st March 2022 the Group had positive free reserves, being unrestricted funds not held in fixed assets, of £2,003,000 (2022: £2,444,000).

Plans for future periods

We were delighted to be successfully readmitted as an Arts Council England National Portfolio Organisation receiving vital core funding for a further th new strategy over the funding period from April 2023 to March 2026. The introduction of Create and communities to work together, and the further integration of Create Music within the Brighton Dome & Brighton Festival family of activities. Trustees, the Executive Management Team, stakeholders and a range of community and industry participants therefore took the opportunity across 2021 and 2022 to develop together a refocussed vision and purpose for Brighton Dome, Brighton Festival and Create Music:

who we are We offer venues, events, tuition and services that add up to a year-round festival of arts, tech and learning: Festival 365

our purpose Our purpose is to enable extraordinary experiences where people can come together to enjoy, imagine, create and change our vision Our vision is a world where artists are exploring their internationalism and a digital/physical hybrid future, where experience and understanding is shared across the globe and where all our actions are planet-positive. Together we can change

Our vision is for Brighton and Sussex to be a place where creativity is seen as essential to life, a place of creative entrepreneurship, and a place of deep artistic collaboration. Together we can create

Our differences, to be open to new ideas, and to enjoy shared experiences. Together we can understand

15

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

staff, volunteers, artists and supporters united by a shared purpose, and constantly developing. Together we can grow

Our strategies

• work with artists to support international artistic growth, develop hybrid experiences using 5G and creaTech, and open up new sources of revenue

• develop new artistic partnerships to learn from the creative strength of others and share knowledge globally

• reach net zero in our own operations by 2030

• understand our stakeholders and communities and become seen as a natural and trusted convenor become more porous, bring more people into our buildings and offer our services to other organisations

• broker new partnerships in the region with organisations focussed on heritage, health, digital and young people

• make inclusivity instinctive, through recruitment, pay and other policies

• use our purpose to help streamline how we work and empower people at every level invest in learning for everyone

As our extraordinary new spaces reopen to artists, audiences and visitors we look forward to delivering on these ambitions and to putting into action the business model underpinning them, providing for future investment in Brighton Dome Concert Hall repair and maintenance and a more financially and environmentally sustainable operation overall.

Indemnity insurance

During the period the Charity paid £,3125 (2022: £4,855) to provide indemnity cover for the Charity and its Trustees from loss arising from the neglect or defaults of its Trustees and Officers.

Investment policy

The Charity only holds short-term surplus funds which it invests in deposits with its bankers, Metro Bank.

Reserves policy

With the Capital Project having commenced in early 2017 the Charity has been working to increase its unrestricted general reserve to ensure that on exiting the project period its reserves are in no worse a financial situation than when it started (£54,953). The carried forward surplus on the general operations reserve (unrestricted) was £811,800 as at 31 March 2023. At 31st March 2023 the Group had positive free reserves, being unrestricted funds not held in fixed assets, of £2,003,000 (2022: £2,444,000).

Restricted reserves of £9,605,000 relate to the carrying value of the Dome Refurbishment project 1999 2002 and £244,000 of restricted funds relate to funds received to be used for projects in future periods.

It should also be noted that a portion of the Sinking Fund is held by Brighton & Hove City Council as a reserve for replacing major capital items. The balance on this fund was £146,731 as at 31 March 2023 (2022: £191,379).

The charity trustees for the purposes of company law are and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:

16

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

consistently;

observe the methods and principles in the Charities SORP;

judgements and estimates that are reasonable and prudent;

departures disclosed and explained in the financial statements;

s on the going concern basis unless it is inappropriate to presume that the

charity will continue in business.

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information and dissemination of financial statements may differ from legislation in other jurisdictions.

This Annual Report of the Trustees, under the Charities Act 2011 and the Companies Act 2006, was approved by the Board of Trustees on 1 November 2023 including approving in their capacity as company directors the Strategic Report contained therein, and is signed as authorised on their behalf by:

n

Mr Danny Homan (Chair)

Date: 01/11/2023

17

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

LIMITED

Opinion

We have audited the financial statements of Brighton Dome and Festival Limited for the year ended 31 March 2023 which comprise the Consolidated Statement of Financial Activities, the group and parent charitable sh Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

give a true and fair view of the state of

• at 31 March 2023

• the income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or ty to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• th statements are prepared is consistent with the financial statements; and

18

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

• prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent charitable company and its Annual Report (which incorporates the str

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept by the parent charitable company; or

• the parent charitable company financial statements are not in agreement with the accounting records and returns; or

• we have not received all the information and explanations we require for our audit.

Responsibilities of trustees for the financial statements

16-17, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to f opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the group and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the regulatory requirements of the Charity Commission, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011, Charities SORP (2019), Companies Act 2006 and payroll taxes.

statements (including the risk of override of controls) and determined that the principal risk is related to the recognition of grants and donations income. Audit procedures performed by the engagement team included:

• Enquiries of management regarding correspondence with regulators and tax authorities;

• Discussions with management including consideration of known or suspected instances of noncompliance with laws and regulation and fraud;

• Reviewing the controls and procedures of the charity, particularly in relation to the recording of income and processing of payments and payroll, to ensure these were in place throughout the year, including during the Covid-19 remote working period;

• Reviewing and testing journal entries made in the year, particularly those made as part of the year end financial reporting process; and

19

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

• Challenging assumptions and judgements made by management in their critical accounting estimates which comprise depreciation, bad debt provision and the valuation of musical instruments.

A further description of our responsibilities for the audit of the financial statements is located on the Financial www.frc.org.uk/auditorsresponsibilities. This description forms part of our

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members, as a body, for our audit work, for this report, or for the opinions we have formed.

Jane Askew (Senior Statutory Auditor) For and on behalf of Haysmacintyre LLP, Statutory Auditors

10 Queen Street Place London EC4R 1AG

Date

20

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (including consolidated Income & Expenditure Account)

Income: Grants & donations Income from charitable activities Income from trading activities Investment Income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net income/(expenditure) Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward	Note		Unrestricted funds	Unrestricted funds	Unrestricted funds	Restricted funds	Restricted funds	Total 2023	Total 2022
			Operations £000's	Designated £000's		Projects The Brighton Dome Venue £000's £000's		£000's	£000's
	1, 2 4 3 5 6 19,20 19,20		2,276 6,763 338 67 9,444 401 9,032 9,433 11 78 89 894 983	- - - - - - 93 93 (93) (78) (171) 2,932 2,761		3,021 - - - 3,021 - 3,338 3,338 (317) - (317) 561 244	279 - - - 279 - 399 399 (120) - (120) 9,725 9,605	5,576 6,763 338 67 12,744 401 12,862 13,263 (519) - (519) 14,112 13,593	6,671 5,179 191 50
									12,091
									361 11,416
									11,777
									314 -
									314
									13,798
									14,112

Note 28 shows 2022 comparatives for the Statement of Financial Activities

The notes on pages 25 to 45 form part of these financial statements.

21

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

CONSOLIDATED BALANCE SHEET

as at 31 March 2023

Note FIXED ASSETS Tangible fixed assets 11 CURRENT ASSETS Stock Debtors Cash at bank and in hand 13 14 15 CREDITORS: amounts falling due within one year 16 Net current assets/(liabilities) Total assets less current liabilities CREDITORS: amounts falling due after one year 18 Total net assets The funds of the group: Unrestricted income funds 19 Restricted income funds 20 Total group funds	2023 £ 14,050 16 1,758 5,163 6,937 (4,273) 2,664 (3,121) 13,593 3,744 9,849 13,593	2022 £ 13,811
		21 1,275 5,423
		6,719 (3,245)
		3,474
		17,285 (3,173)
		14,112
		3,826 10,286 14,112

The financial statements on pages 25 to 45 were approved, and authorised for issue, by the Board of Trustees on 1 November 2023 and are signed on its behalf by:

n

Mr Danny Homan (Chair)

The notes on pages 25 to 45 form part of these financial statements.

22

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

COMPANY BALANCE SHEET

as at 31 March 2023

Note FIXED ASSETS Tangible fixed assets Investments 11 12 CURRENT ASSETS Stock 13 Debtors 14 Cash at bank and in hand 15 CREDITORS: amounts falling due within one year 16 Net current assets/(liabilities) Total assets less current liabilities CREDITORS: amounts falling due after one year 18 Total net assets The funds of the charity: Unrestricted income funds 19 Restricted income funds 20 Total charity funds	2023 £ 14,032 - 14,032 16 1,809 4,882 6,707 (4,167) 2,540 - (3,117) 13,456 3,607 9,849 13,456	2022 £ 13,782 -
		13,782 21 1,324 5,218
		6,563 (3,168)
		3,395
		17,177 (3,163) 14,014 3,728 10,286 14,014

A separate statement of the financial activities of the Brighton Dome and Festival Limited, the Charity, is not presented following the exemptions afforded by section 408 of the Companies Act 2006. For the year ended 31 March 2023, the net movement in funds of the parent charity was a decrease of £558k (2022: a increase of £244k).

The financial statements on pages 25 to 45 were approved, and authorised for issue, by the Board of Directors on 1 November 2023 and are signed on its behalf by:

n

Mr Danny Homan (Chair)

The notes on pages 25 to 45 form part of these financial statements.

23

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

Statement of cash flows for the year ending 31 March 2023

Cash provided by operating activities (Note 24) Cash flows from investing activities Interest income Purchase of tangible fixed assets (Note 11) Disposal of tangible fixed assets (Note 11) Cash used in investing activities Increase in cash in the year Cash and cash equivalents at the beginning of the year Increase in cash (A) Total cash and cash equivalents at the end of the year	2023 422 67 (750) 1 (682) 260 5,423 (260) 5,163	2022 1,194 50 (301) 1 (250) 944 4,479 944 5,423

A. Analysis of changes in net cash funds

At Cash and cash equivalents Total cash and cash equivalents	1 April 2022 Cashflows At 31	March 2023

24

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

Principal Accounting Policies

BASIS OF ACCOUNTING

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice for Charities (SORP 2015) (Second Edition, effective 1 January 2019) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102 issued March 2018), and the Companies Act 2006.

GOING CONCERN

Accounting standards require the Trustees to consider the appropriateness of the going concern basis when preparing the financial statements.

Trustees have considered the level of funds currently held by the Group and the Company and the expected level of income and expenditure for a period of twelve months from the date of signature of these financial statements. After reviewing the funding streams available to it and making appropriate enquiries, Trustees consider that the going concern basis is appropriate. Additionally, the Group had a carried forward balance of cash at bank and in hand at the reporting date of £5,163,410 (2022: £5,423,625) and had positive total unrestricted operational reserves of £811,800 (2022: £894,279). Trustees have a reasonable expectation that the Group and the Company have adequate resources to continue in operational existence for the foreseeable future and until full trading has resumed. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

The Trustees are aware of the significant uncertainties around the wider economic and inflationary pressures, as well as the uncertainties involved in the reopening of the renovated Corn Exchange building. In order to manage these future risks a transfer of £2,364,070 was made in the 2021-22 Financial Year to funds with specific designations to manage these risks. At 31st March 2022 the Group had positive free reserves, being unrestricted funds not held in fixed assets, of £2,003,000 (2022: £2,444,000).

PRINCIPAL ACTIVITY

The principal activity of the company during the year was to manage the charitable business of Brighton Dome and Festival Limited (BDBF). This includes the running of the Brighton Dome venues and the annual Brighton Festival each May including the related provision of catering and beverage services.

Brighton Dome and Festival Limited is a private limited company (registered number 00889184) incorporated and domiciled in England and Wales. The charity is a public benefit entity.

The address of the registered office is:

The Dance Space 2 Market Square Circus Street Brighton BN2 9AS

CONSOLIDATION

The Group accounts consolidate the results of the Charity and its subsidiaries, Brighton Dome and Festival (Trading) Limited and Brighton Dome & Museum Development Company Limited on a line by line basis.

No separate statement of financial activities or income and expenditure account or statement of cash flows has been presented for the Charity alone as permitted by the Companies Act 2006.

25

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

INCOME

Voluntary Income comprises all incoming resources from sponsorship, donations, membership subscriptions and grants.

All grants and donations receivable are recognised when the conditions for receipt have been met. There is entitlement to income when it can be reliably measured and it is probable that it will be received. Where grants and donations received are performance related or restricted to future accounting periods they are deferred and accounted for as a liability.

Government grant income paid under the Coronavirus Job Retention Scheme (CJRS) has been recognised in the Statement of Financial Activities in the period to which the underlying furloughed staff costs relate to.

Other government 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 accounts where material and are included at the lower of current market value and value to the charity.

Income from charitable activities includes amounts received from tickets and other event sales for productions and educational activities directly promoted by the Group or, where it shares the financial risk for such an event, promoted by other organisations where such events contribute to the artistic programme of the Group.

Investment income comprises interest receivable on cash balances held in appropriate interest bearing deposits.

EXPENDITURE

All expenditure is accounted for on an accruals basis.

The cost of raising funds includes the costs of securing sponsorship and donations, and also includes the costs of providing membership benefits and other

Expenditure on charitable activities include expenditure associated with staging promoted events, providing education projects and the costs of the artistic programme at Brighton Dome and Brighton Festival. Support costs relating to single activities are allocated directly to that activity. Where support costs relate to several activities they are apportioned accordingly. Governance costs include secretarial, legal and audit fees associated with the constitutional and statutory requirements of the Charity.

INVESTMENTS

Investments in active subsidiary undertakings are included in the balance sheet at cost.

DEPRECIATION AND FIXED ASSETS

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset systematically over its expected useful life as follows:

Long-term improvements Over the life of the lease Short-term improvements 10% - 20% per annum Venue fittings and equipment 10% - 20% per annum Office equipment 20% - 25% per annum Musical instruments 10% per annum

Fixed assets costing more than £1,000 are capitalised. The Charity does not have a policy to revalue its assets.

26

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184)

Annual Report and Accounts for the year ended 31 March 2023

LEASES

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the SOFA as incurred. Rental charges are charged on a straight-line basis over the life of the lease.

STOCK

Stocks of goods for resale are included in the balance sheet at the lower of cost or net realisable value. This includes Bar stock and Front of House consumables.

PENSION COSTS

The Charity offers a stakeholder scheme to its employees and contributes to a defined contribution scheme for certain other employees. Costs are expensed in the Consolidated Statement of Financial Activities.

Certain staff are members of the which is a multi-employer pension scheme. It is not possible to identify the share of the underlying assets and liabilities consistent and reasonable basis and therefore, as required by FRS102, accounts for the scheme as if it were a defined contribution scheme. The contributions, which are in accordance with the recommendations of the Government Actuary, are charged in the period in which the salaries to which they relate are payable.

TAXATION

Brighton Dome and Festival Limited Income Corporation Taxes Act 1988. The trading subsidiary, Brighton Dome and Festival (Trading) Limited donates its profits to the charitable company under the provisions of Gift Aid. Accordingly there is no Corporation Tax charge in these accounts.

VALUE ADDED TAX

The Group is registered for Value Added Tax (VAT) and income and expenditure is stated net of VAT to the extent that it is recoverable.

FINANCIAL INSTRUMENTS

Financial assets and liabilities are recognised when the Charity becomes a party to the contractual provisions of the instrument. Trade debtors do not carry any interest and are stated at nominal amount less any provision for estimated irrecoverable amount. Trade creditors are not interest bearing and are stated at their nominal value.

JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY

The group makes judgements, estimates and assumptions that affect the application of policies and the carrying values of assets and liabilities, income and expenses. The resulting accounting estimates calculated using these judgements will, by definition, seldom equal the related actual results but are based on the experience of the Directors (or Trustees) and the expectations of future events. The estimates are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is reviewed. Such basis include:

• Expenditure accounted for on an accruals basis

Costs allocated to charities activities on a time basis.

• Grants and donations receivable are recognised when the conditions for receipt have been met. Valuation of musical instruments

• supplying Musical Education equipment. The group have reviewed instrument usage and income generated (both actual and expected), and that this assessment has allowed the Trustees to be satisfied that there is no material impairment to the value of musical instruments as at 31 March 2023.

27

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

1. GRANTS & DONATIONS ANALYSIS BY FUND

Brighton and Hove City Council East Sussex County Council Arts Council England, South East CJRS Income CRF Income Other grants Donations, Trusts and Foundations Members' subscriptions and events 2023 2022 COMPARATIVES Brighton and Hove City Council East Sussex County Council Arts Council England, South East CJRS Income CRF Income Other grants Donations, Trusts and Foundations Members' subscriptions and events 2022		Unrestricted funds Operational funds 2023 Designated funds 2023	Unrestricted funds Operational funds 2023 Designated funds 2023	Restricted funds Projects 2023 Brighton Dome venue 2023	Restricted funds Projects 2023 Brighton Dome venue 2023	Total 2023
		1,938 - - - - - 255 83 2,276 2022	- - - - - - 9 2022	125 - 2,421 - - 157 318 - 3,021 2022	238 - - - 41 - 279 2022	2,301 - 2,421 - 157 614 83 5,576 2022
		1,815 - - 434 - 10 149 71 2,479	- - - - - - -	- - 2,322 - 917 572 261 - 4,072	120 - - - - - 120	1,935 - 2,322 434 917 582 410 71 6,671

28

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

2. GRANTS & DONATIONS - ANALYSIS BY TYPE

Brighton and Hove City Council East Sussex County Council Arts Council England Other grants Donations, Trusts and Foundations Members' subscriptions and events 2023 2022 COMPARATIVES Brighton and Hove City Council East Sussex County Council Arts Council England Other grants Donations, Trusts and Foundations Members' subscriptions and events 2022	Brighton Dome programme and hires 2023	Brighton Dome programme and hires 2023	Brighton Dome venues 2023 Creative Learning activity 2023	Brighton Dome venues 2023 Creative Learning activity 2023	Brighton Festival 2023	2023 Total
		2,060 - 1,171 35 274 83 ___ 3,623 _2022	279 - - - - - _ 279 _2022	- - 1,148 64 282 - ___ 1,494 2022	- - - 61 119 - ___ 180 2022	2,339 - 2,319 161 675 83 _ 5,576 2022_
		1,815 - 1,914 806 164 71 _ 4,770_	120 - - - - - ____ 120	- - 1,325 160 127 - _____ 1,612	- - - 39 130 - ____ 169	1,935 - 3,239 1,005 421 71 _ _6,671

3. INCOME FROM TRADING ACTIVITIES (B)

Sponsorship Event Hires Consultancy Other Income		Brighton Dome programme and hires	Brighton Festival	2023 Total	2022 Total
		180 70 5 255	83 - - - 83	83 180 70 5 338	60 35 86 10 191

29

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

4. INCOME FROM CHARITABLE ACTIVITES BY INCOME TYPE (B)

Ticket sales Performances and Hires Bar and catering for events Tuition & workshops Ticketing fees Programme sales 2023 Ticket sales Performances and Hires Bar and catering for events Tuition & workshops Ticketing fees Programme sales 2022	Brighton Dome programme and hires 2023 Creative Learning activity 2023	Brighton Dome programme and hires 2023 Creative Learning activity 2023	Brighton Dome programme and hires 2023 Creative Learning activity 2023	Brighton Festival 2023	Total 2023
		1,756 1,052 775 - 568 36 4,187 2022	6 47 - 2,107 - - 2,160 2022	416 - - - - - 416 2022	2,178 1,099 775 2,107 568 36 6,763 2022
		1361 759 557 - 312 13 3,002	1 232 - 1,778 - - 2,011	166 - - - - - 166	1,528 991 557 1,778 312 13 5,179

5. INVESTMENT INCOME

All of the Grou of £67,000 (2022: £50,000) arose from interest bearing deposit accounts.

30

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

6. EXPENDITURE ON CHARITABLE ACTIVITIES

The Charity undertakes direct charitable activities and does not make grant payments.

Brighton Dome programme and hires Creative Learning activity Brighton Festival Support and governance costs Brighton Dome venues Depreciation (charity) 2022 COMPARATIVES Brighton Dome programme and hires Creative Learning activity Brighton Festival Support and governance costs Brighton Dome venues Depreciation (charity) 2022		Unrestricted funds 2023	Designated funds 2023	Restricted funds 2023	Brighton Dome venue 2023		Total 2023
		4,692 1,972 1,154 1,159 8,977 - 55 9,032 2022 2,706 2,059 944 1,101 6,810 - 106 6,916	9 - - - - - 84 93 2022 - - - - - - 84 84	1,620 1,445 206 23 3,294 - 44 3,338 2022 2,468 1,424 69 16 3,977 - - 3,977	- - - - - 81 318 399 2022 28 - - - 28 92 319 439		6,321 3,417 1,360 1,182 12,280 81 501 12,862 2022 5,202 3,483 1,013 1,117 10,815 92 509 11,416

7. ANALYSIS OF SUPPORT AND GOVERNANCE COSTS

Executive and finance costs Lease payments Auditors remuneration Information technology Research & development		2023 Total	2022 Total
		802 68 25 287 1,182	796 71 21 229 1,117

Costs are allocated to the Charity's activities on a time basis.

31

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

8. STAFF COSTS AND NUMBERS

The average number of permanent staff employed during the period, and as at 31 March 2023, was 246 (2022: 218) Additionally an average head count of 296 (2022: 186) casual weekly staff worked on an hourly basis to support events and performances.

Permanent staff are Artistic Planning Learning, Access & Participation Trading* Operations Marketing & Sales Development Support & Governance		2023 Number	2022 Number
		16 135 2 51 14 7 21 246	15 115 2 49 12 6 19 218

*All staff engaged in trading related activities are employed through contracts with Brighton Dome and Festival Limited. Relevant costs are therefore recharged to Brighton Dome and Festival (Trading) Limited.

Payroll costs Wages and salaries Social security Other pension costs	2023 Total 2022 Total
	5,875 5,195 473 397 553 494 __ _ 6,901 6,086_

The number of employees who received emoluments greater than £60,000 in the following range was:

	2023	2022
	Number	Number
£60,001 - £70,000	2	4
£70,001 - £80,000	1	-
£80,001 - £90,000	1	1
£110,001 - £115,000	-	1
£120,001 - £125,000	1	-

The Key Management Personnel are considered to be the Officers and Executive Management Team. Their employment benefits were £606,350 in 2023 (£585,821 in 2022).

32

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184)

Annual Report and Accounts for the year ended 31 March 2023

1. NET TRADING RESULTS OF SUBSIDIARY TRADING COMPANY BRIGHTON DOME AND FESTIVAL (TRADING) LIMITED

RADING) LIMITED
Turnover Other Income Cost of sales Gross profit Administration and overheads Interest receivable Donation payable to parent company Net profit/ (loss)		2023 332 5 (132) 205 (97) 108 1 109 (70) 39		2022 185 5 (82)
				108 (37)
				71 -
				71 (-)
				71

Cost of sales includes £68,172(2022: £74,713) charged by the parent company for the provision of services.

10. RELATED PARTY TRANSACTIONS

None of the Trustees received any remuneration during the period under review. No Trustee expenses were incurred during the year (2022: £nil)

The financial results of our Trading Company (as per note 9 above) are reflected within our Consolidated SOFA on Page 21.

A yearly recharge is made in March between the Charity and Trading Company apportioning venue running costs on the basis of conference turnover/ total group turnover. This includes insurance, utilities and cleaning costs and is eliminated on consolidation. Inter Company balances as at 31 March 2023 were £67,435 (2022: £87,455).

33

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

11. TANGIBLE FIXED ASSETS

----- Start of picture text -----
GROUP
Dome leasehold asset: Venue
Long-term Short-term Fittings Musical Office Enabling
Improve Improve and equip Instruments Equip Works Total
COST
As at 1 April 2022 16,444 6,510 2,881 830 739 2,814 30,218
Additions - 9 16 3 70 652 750
- - - - - - -
Disposals
As at 31 March 2023 16,444 6,519 2,897 833 809 3,466 30,968
DEPRECIATION
As at 1 April 2022 6,415 6,508 2,650 252 582 - 16,407
Charge for the period 329 1 37 86 58 - 511
- - - - - - -
Disposals
As at 31 March 2023 6,744 6,509 2,687 338 640 - 16,918
NET BOOK VALUE
As at 31 March 2023 9,700 10 210 495 169 3,466 14,050
As at 31 March 2022 10,029 2 230 578 156 2,813 13,810
----- End of picture text -----

----- Start of picture text -----
COMPANY
Dome leasehold asset: Venue
Long-term Short-term Fittings Musical Office Enabling
Improve Improve and equip Instruments Equip Works Total
COST
As at 1 April 2022 16,444 6,510 2,881 830 699 2,814 30,178
Additions - 9 16 3 70 652 750
- - - - - - -
Disposals
As at 31 March 2023 16,444 6,519 2,897 833 769 3,466 30,928
DEPRECIATION
As at 1 April 2022 6,415 6,508 2,650 252 570 - 16,395
Charge for the period 329 1 37 86 48 - 501
- - - - - - -
Disposals
As at 31 March 2023 6,744 6,509 2,687 338 618 - 16,896
NET BOOK VALUE
As at 31 March 2023 9,700 10 210 495 151 3,466 14,032
As at 31 March 2022 10,029 2 230 578 156 2,814 13,782
----- End of picture text -----

34

Annual Report and Accounts for the year ended 31 March 2023

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184)

11. TANGIBLE FIXED ASSETS (continued)

All of the tangible fixed assets are used for activities in furtherance of the C and Brighton & Hove City Council hold legal charges over the value of the leasehold asset in accordance with their standard funding terms.

The lease of the Brighton Dome was granted to Brighton Dome and Festival Limited in 1999 by Brighton & Hove City Council for a total of 50 years at a peppercorn rent. The leasehold improvements shown above represent the value of the capital refurbishment work carried out by the Group. The lease cannot be assigned or sold.

The main categories of fixed assets are as follows:

Dome leasehold asset: long-term improvements - represents the value of the main construction works to the venues with a useful life extending over the remaining term of the lease.

Dome leasehold asset: short-term improvements - represents the value of improvements to the venues with a useful life of ten years.

Brighton & Hove City Council have made available a Sinking Fund in order to provide for renewals of fixtures and fittings included in this category. The City Council set aside, from the annual Sinking Fund allocation, sums to cover nonrecurring major maintenance work at the Brighton Dome Venue. At 31 March 2023 the allocation stood at £146,831 (2022: £191,380) and is held in a designated account by Brighton & Hove City Council and consequently is not included in these accounts.

Venue fittings and equipment represents the value of fittings and equipment purchased for the operation of the Dome

venues, which have a useful life of five years.

Musical Instruments represents the estimated valuation of musical instruments leased to Brighton Dome and Festival by Brighton and Hove City Council and East Sussex County Council for use by Brighton and Hove Music and Arts Service and East Sussex Music Service.

Office equipment represents the value of computer hardware and software and similar items which have an expected useful life of three years.

35

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

12. FIXED ASSET INVESTMENTS

Investment in subsidiaries:	2023 Cost £ 2022 Cost £
	100 100

companies. On 1

September 2005 the Group reorganised its subsidiaries following completion of the Brighton Dome Development. Since that date all charitable activities are managed in the registered charity, the Brighton Dome and Festival Limited. All non-charitable activities are managed through Brighton Dome and Festival (Trading) Limited. The remaining company in the Group was a dormant company from 1 September 2006.

Details of the subsidiaries as at 31 March 2023 are set out below:

Name	Controlling	Incorporated/Company number
	Interest
Brighton Dome and Festival (Trading) Limited	100%	UK 5541005

Both subsidiaries are registered at The Dance Space 2 Market Square, Circus Street, Brighton, England, BN2 9AS

The net assets / (liabilities) of the subsidiaries at the end of the financial period were as follows:

Net assets / Share capital Reserves (liabilities) £ £ £	Net assets / Share capital Reserves (liabilities) £ £ £
Brighton Dome and Festival (Trading) Limited 100 137 STOCK Group and Company 2023 Bar Stock 16 Front of House Consumables - Total 16	137 2022 15 6 21

13. STOCK

Stock recognised as an expense in 2023 totalled £220k (2022: 156k).

36

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

14. DEBTORS

BTORS
Trade debtors Prepayments and accrued income Amounts owed by Brighton Dome and Festival (Trading) Limited Sundry debtors		Group 2023 2022		Company 2023 2022
		479 1,276 - 3 1,758	276 998 - 1 1,275	395 1,275 136 3 1,809	244 992 87 1 1,324

15. CASH AT BANK AND IN HAND

Cash at bank and in hand includes petty cash, floats and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar amount.

16. CREDITORS AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors Accruals Deferred income Other creditors Taxation and social security VAT Payable		Group 2023 2022	Group 2023 2022	Company 2023 2022	Company 2023 2022
		380 720 2,951 73 147 2 4,273	615 624 1,778 70 115 43 3,245	380 709 2,880 73 147 (22) 4,167	609 622 1,733 70 115 19 3,168

Royal Bank of Scotland holds a legal charge over the book debts of the Charity as security against the overdraft facility. Deferred income includes £2,610k (2022: £1,496k) relating to ticket sales for events taking place beyond the balance sheet date.

37

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184)

Annual Report and Accounts for the year ended 31 March 2023

17. DEFERRED INCOME

Deferred Income < 1 year Balance as at 1 April Released in-year Deferred in-year Balance as at 31 March		Group 2023 2022	Group 2023 2022	Company 2023 2022	Company 2023 2022
		1,778 (1,743) 2,916 2,951	1,184 (1,184) 1,778 1,778	1,734 (1,710) 2,856 2,880	1,173 (1,173) 1,734 1,734

Deferred Income relates to advance deposits and advance ticket sales for events taking place beyond the balance sheet date.

18. CREDITORS AMOUNTS FALLING DUE AFTER ONE YEAR

Loan from BHCC Accrued Interest on BHCC Loan Deferred income		Group 2023 2022	Group 2023 2022	Company 2023 2022	Company 2023 2022
		2,704 413 4 3,121	2,704 435 34 3,173	2,704 413 - 3,117	2,704 435 24 3,163

The loan of £2.7m is secured by a floating charge against the assets of the charity. The loan is repayable in equal instalments commencing in 2027 and ending in 2054. Interest is charged on the loan at 2.85%, with no interest accruing over the period 1 January 2022 and 1 April 2027.

38

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

19. ANALYSIS OF MOVEMENTS IN UNRESTRICTED FUNDS

Balance at 1 April 2022 GROUP Operational funds 894 Designated funds Musical Instruments 568 Dome and Festival investments 751 Corn Exchange redevelopment costs & investments in future sustainability 413 Community engagement & artistic commissioning 400 Music Services future investment 800 Total designated funds 2,932 Total unrestricted funds 2023 3,826 2022 comparative Balance at 1 April 2021 GROUP Operational funds 272 Designated funds Musical Instruments 652 Managing future Covid-19 related risks 751 Corn Exchange redevelopment costs & investments in future sustainability 413 Community engagement & artistic commissioning 400 Music Services future investment 800 Total unrestricted funds 3,288	Movement in resources Income Expenditure 9,444 (9,433) - (84) - (9) - - - - - - - (93) 9,444 (9,526) Movement in resources Income Expenditure 7,899 (7,277) - (84) - - - - - - - - 7,899 (7,361)	Transfer to designated funds 78 - (9) - (54) (15) (78) - Transfer to designated funds - - - - - - -

Designated funds brought forward represent the following purposes:

1. The carrying value of musical instruments, the use of which have been gifted to Brighton Dome and Festival by Brighton and Hove City Council for use by the Music Services.

2. • and Festival In future sustainability.

3. To create a fund to be spent on equipment and operational expenditure related to the completion of the Corn Exchange redevelopment, and other future investments that support operational sustainability

4. To create a fund for community engagement projects and commissioning new works of art

5. To designate funds to be used for future investment in the Music Services.

39

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

19. ANALYSIS OF MOVEMENTS IN UNRESTRICTED FUNDS (CONTINUED)

Balance at 1 April 2022 COMPANY Operational funds 796 Designated funds Musical Instruments 568 Managing future Covid-19 related risks 751 Corn Exchange redevelopment costs & investments in future sustainability 413 Community engagement & artistic commissioning 400 Music Services future investment 800 Total designated funds 2,932 Total unrestricted funds 3,728 2022 comparative Balance at 1 April 2021 COMPANY Operational funds 244 Designated funds Musical Instruments 652 Managing future Covid-19 related risks 751 Corn Exchange redevelopment costs & investments in future sustainability 417 Community engagement & artistic commissioning 400 Music Services future investment 800 Total unrestricted funds 3,260	Movement in resources Income Expenditure 9,173 (9,201) - (84) - (9) - - - - - - - (93) 9,173 (9,294) Movement in resources Income Expenditure 7,783 (7,231) - (84) - - - - - - - - 7,783 (7,315)	Transfer to designated funds 78 - (9) - (54) (15) (78) - Transfer to designated funds - - - - - - -		Balance at 31 March 2023 846 484 733 413 346 785 2,761 3,607 Balance at 31 March 2022 796 568 751 417 400 800 3,728

40

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

20. ANALYSIS OF MOVEMENT IN RESTRICTED FUNDS

GROUP AND COMPANY Brighton Dome Regeneration Project & Brighton Dome Venue Brighton Dome Other Projects Total 2023 2022 comparative GROUP AND COMPANY Brighton Dome Regeneration Project & Brighton Dome Venue Brighton Dome Other Projects Total 2022		Balance at 1 April 2022	Movement in Income	resources Transfer from unrestricted funds Expenditure	Balance at 31 March 2023
		9,725 561 _________ 10,286 Balance at 1 April 2021	279 3,021 _________ 3,300 Movement in Incoming	(399) - (3,338) - _________ _________ (3,737) -- resources Transfer from unrestricted funds Outgoing	9,605 244 _________ 9,849 Balance at 31 March 2022
		10,044 466 _________ 10,510	120 4,072 _________ 4,192	(439) - (3,977) - _________ _________ (4,416) -	9,725 561 _________ 10,286

The Dome Regeneration Project fund represents the capitalised value received in respect of the development and regeneration of the Brighton Dome; it comprises improvements to the leasehold asset and income from fundraising activities. Arts Council England & Brighton and Hove City Council hold legal charges over the value of the leasehold asset in accordance with their standard funding terms.

The Dome Sinking Fund represents monies receivable from Brighton & Hove City Council to enable expenditure on certain items of building maintenance and renewals in accordance with the terms of the lease of the Brighton Dome venues.

Brighton Dome Other Projects Fund represents monies received from Individuals, Trusts, Foundations and other grant making bodies.

41

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed Assets £ GROUP Unrestricted funds 1,741 Restricted funds: Brighton Dome Venue 9,605 Corn Exchange Renovation 2,704 Other Projects - Total funds 14,050 2022 Total 13,811 COMPANY Unrestricted funds 1,723 Restricted funds: Brighton Dome Venue 9,605 Corn Exchange Renovation 2,704 Other Projects - Total funds 14,032 2022 Total 13,782 22. 2022 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed Assets 2022 GROUP Unrestricted funds 1,382 Restricted funds: Brighton Dome Venue 9,725 Corn Exchange Renovation 2,704 Other Projects - Total funds 13,811 COMPANY Unrestricted funds 1,353 Restricted funds: Brighton Dome Venue 9,725 Corn Exchange Renovation 2,704 Other Projects - Total funds 13,782		Fixed Assets £	Cash £	Other net assets/ (Liabilities) £	Total £
			4,919 - - 244 5,163 5,423 4,638 - - 244 4,882 5,218 Cash 2022	(2,916) - (2,704) - (5,620) (5,122) (2,754) - (2,704) - (5,458) (4,986) Net Assets/ (Liabilities) 2022	3,744 9,605 - 244 13,593 14,112 3,607 9,605 - 244 13,456 14,014 Total 2022
		1,382 9,725 2,704 - 13,811 1,353 9,725 2,704 - 13,782	4,862 - - 561 5,423 4,657 - - 561 5,218	(2,418) - (2,704) - (5,122) (2,282) - (2,704) - (4,986)	3,826 9,725 - 561 14,112 3,728 9,725 - 561 14,014

42

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

23. PENSION COMMITMENTS

Defined contribution schemes

The Group operates defined contribution schemes for certain employees. The assets of the schemes are held separately from those of the Group in independently administered funds. The pension cost charge represents contributions payable by the Group and Charity to the funds and amounted to £177,432 (2022: £162,000). Included in the total are contributions of £23,676 (2022: of £22,000) which were owed to the relevant pension funds at 31 March 2023.

The Charity participates in the Teachers' Pension Scheme (England and Wales) ("the TPS") for relevant staff in the Music Services. The pension charge for the year includes contributions payable to the TPS of £323,587 (2022: £385,000) and at the year-end £36,194 (2022: £39,000) was accrued in respect of contributions to this scheme. The scheme is closed to new members.

The TPS is an unfunded multiations 2014 (as amended). Members Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by the 2016 and the Valuation Report, which was published in March 2019, confirmed that the employer contribution rate for the TPS would increase from 16.4% to 23.6% from 1 September 2019. Employers are also required to pay a scheme administration levy of 0.08% giving a total employer contribution rate of 23.68%.

The 31 March 2016 Valuation Report was prepared in accordance with the benefits set out in the scheme regulations and under the approach specified in the Directions, as they applied at 5 March 2019. However, the assumptions were considered and set by th

On 27 June 2 that transitional provisions introduced to the reformed pension schemes in 2015 gave rise to unlawful age discrimination. The government is respecting the Cour Employment Tribunal as well as employer and member representatives to agree how the discriminations will be remedied. The government announced on 4 February 2022 that it intends to proceed with a deferred choice underpin under which members will be able to choose either legacy or reformed scheme benefits in respect of their service during the period between 1 April 2015 and 31 March 2022 at the point they become payable.

The TPS is subject to a cost cap mechanism which was put in place to protect taxpayers against unforeseen changes in scheme costs. The Chief Secretary to the Treasury, having in 2018 announced that there would be a review of this cost cap mechanism, in January 2019 announced a pause to the cost cap mechanism following the employees from April 2015 onwards. The pause was lifted in July 2020, and a consultation was launched on 24 June on proposed changes to the cost control mechanism following a review by the Government Actuary. Following a public consultation, the Government has accepted three key proposals recommended by the Government Actuary and is aiming to implement these changes in time for the 2020 valuations.

The 2016 cost control valuations have since been completed in January 2022, and the results indicated that there would be no changes to benefits or member contributions required. The results of the cost cap valuation are not used to set the employer contribution rate, and HM Treasury has confirmed that any changes to the employer contribution rate resulting from the 2020 valuations will take effect in April 2024.

Until the 2020 valuation is completed it is not possible to conclude on any financial impact or future changes to the contribution rates of the TPS. Accordingly, no provision for any additional past benefit pension costs is included in these financial statements.

43

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

23. PENSION COMMITMENTS (continued)

Local Government Pension Scheme

the Music Services. The pension charge for the year includes contributions payable to the LGPS of £2,126 (2022: £8,000) and at the year-end £447 (2022: £1,000) was accrued in respect of contributions to this scheme. The scheme is closed to new members.

The East Sussex Local Government Pension Scheme is administered by the County Council. The scheme provides retirement benefits for County Council employees, but members also include employees of Brighton & Hove City Council, the five borough and district councils, academies, universities, colleges and public authorities.

In accordance with the Local Government Pension Scheme Regulations, associated legislation and the Pensions Committee terms of reference, the East Sussex Pension Fund Pension Committee is responsible for all functions and responsibilities relating to the management of the East Sussex Pension Fund, this includes making arrangements for the investment, administration and management of the Pension Fund, receiving advice as appropriate from the Pension Board. The Pension Committee also agrees Policy Statements, as required under the LGPS regulations, and decides on the admission and cessation of bodies to the Pension Fund.

The employer contribution rate set by the administrators of the scheme was 0% of contributory pay during the 22/23 and 21/22 financial years.

24. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net movement in funds Add back depreciation charge Add back loss on disposal of fixed assets Deduct interest income (Increase)/Decrease in stock (Increase)/Decrease in debtors Increase/(Decrease) in creditors Net cash used in operating activities		Group 2023	Group 2022
		(519) 511 - (67) 5 (483) 975 422	315 517 158 (51) (5) (727) 987 1,194

25. AGENCY RELATIONSHIP WITH BHCC (CAPTAL PROJECT)

During the financial year BDBF collected fundraising income and incurred costs on behalf of the Capital Project. Fundraising income is invoiced by BHCC and costs recharged by BDBF. All balances relating to the funds raised and costs incurred were invoiced for by the balance sheet date.

26. AUDITORS REMUNERATION

A fee of £22,000 for the audit of the group of companies has been accrued in the 2022/23 accounts. (2022: £21,000), fees of £2,000 in respect of corporation tax charges (2022: £nil) and £3,000 in respect of other services (2022: £1,000).

44

BRIGHTON DOME AND FESTIVAL LIMITED (Company Number: 00889184) Annual Report and Accounts for the year ended 31 March 2023

27. CONTINGENT LIABILITY IN RESPECT OF VAT TREATMENT

Consequent to the case of HMRC v Royal Opera House (April 2020) the charity has been working with specialised VAT advisors to undertake a detailed review of their VAT position. This review has been looking at several areas including:

This review is ongoing and management have stated that they are currently unable to estimate any historical liability due to HMRC with sufficient reliability, until the professional advice is concluded. As such, no provision has been made in the financial statements although it is acknowledged that a contingent liability in respect of VAT may exist. A contingent liability is either a possible but uncertain obligation, or a present obligation that is not recognised because its settlement is either not probable (more likely than not), or the amount of the obligation cannot be measured reliably.

28. 2022 COMPARATIVES FOR SOFA

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

(including consolidated Income & Expenditure Account)

Income: Grants & donations Income from charitable activities Income from trading activities Investment Income Total income Expenditure on: Cost of raising funds Expenditure on charitable activities Total expenditure Net (expenditure)/ income Transfers between funds Net movement in funds Total funds brought forward Total funds carried forward		Unrestricted funds	Unrestricted funds	Restricted funds	Restricted funds	Total 2022 £000's 6,671 5,179 191 50 12,091 361 11,416 11,777 314 - 314 13,798 14,112
		Operations £000's	Designated £000's	Projects £000's	The Brighton Dome Venue £000's
		2,479 5,179 191 50 7,899 361 6,916 7,277 622 - 622 272 894	- - - - - - 84 84 (84) - (84) 3,016 2,932	4,072 - - - 4,072 - 3,977 3,977 95 - 95 466 561	120 - - - 120 - 439 439 (319) - (319) 10,044 9,725

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