| Page | ||
|---|---|---|
| Legal and administrative information |
||
| Report ofthe | Trustees | 2-7 |
| Report ofthe | Indeperident Auditors |
8 —11 |
| Consolidated | Statement ofFinancial Activities | 12 |
| Consolidated | Balance Sheet | 13 |
| Balance Sheet | 14 | |
| Notes to the Financial Statements |
15 —25 |
| Ann Alexander | Mark Ireland (Treasurer) | Marina Pedreira-Vilarino | |
|---|---|---|---|
| Michael Attenborough | (appointed | Duncan Irvine Judy Lever | Nick Szczepanik |
| November 2021) |
Chris Mortimer | Adam Trimingham | |
| Michael Farthing (Chair) | David O' Connor (joint Deputy | Helen Walker | |
| Lauren Godfrey | Chair) | Sal Wilson (joint Deputy Chair) | |
| Fred Gray |
| Unrestricted | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Total | Funds | ||||
| Notes | 2021 | 2020 | |||||
| INCOME | |||||||
| Donations | |||||||
| Sponsorship and fundraising |
1,897 | 98 | 1,995 | 1,897 | |||
| Subscriptions | 5,283 | 5,283 | 4,467 | ||||
| Legacy | 20,737 | 20,737 | |||||
| Other trading activities:- | |||||||
| Commercial trading |
operations | 13,932 | 13,932 | 2,505 | |||
| Income from investments:- | |||||||
| Rents | 120,509 | 120,509 | 119,750 | ||||
| Other income —Coronavirus | grants | ~KG | ~3439 | ||||
| TOTAL INCOME | 168058 | ||||||
| EXPENDITURE | |||||||
| Charitable activities |
110,416 | 1,481 | 111,897 | 112,745 | |||
| Expenditure on raising funds:- |
|||||||
| Commercial trading |
operations | 1 429 | |||||
| TOTAL EXPENDITURE | 118827 | 1481 | 120308 | 114174 | |||
| Net movement in funds |
55,416 | (1,383) | 54,033 | 53,884 | |||
| Fund balance at 1stJanuary | 2021 | 1 625 701 | |||||
| Fund balance at 31stDecember 2021 | 1 679 585 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| FIXEDASSETS | ||||||||
| ;Heritage assets | 190,000 | 190,000 | ||||||
| Tangible assets | 1 506919 | |||||||
| 1,693,267 | 1 696919 | |||||||
| CURRENT ASSETS | ||||||||
| Stocks | 1,745 | 2,519 | ||||||
| Debtors | 12 | 63,017 | 81,177 | |||||
| Cash at bank and | in | hand | ~ZAN% | 117170 | ||||
| 131,556 | 200,866 | |||||||
| CURRENT LIABILITIES | ||||||||
| Creditors: amounts | falling due within | one year | 13 | ~179614) | ||||
| NET CURRENT | ASSETS | 21 252 | ||||||
| TOTAL ASSETSLESS | ||||||||
| CURRENT LIABILITIES | 1,772,204 | 1,718,171 | ||||||
| Creditors: Ainounts more than one year |
falling due after | 14 | 22!2k | ~38586) | ||||
| FUNDS | ||||||||
| Unrestricted | 136,137 | 80,721 | ||||||
| Revaluation reserve |
LGRQ 999 | I 590000 | ||||||
| Total unrestricted | funds | 17 | 1,726,137 | 1,670,721 | ||||
| Restricted | 16 | 8 864 | ||||||
| Total |
| BALANCE SHEET | BALANCE SHEET | ||||||
|---|---|---|---|---|---|---|---|
| AS AT 31STDECEMBER | 2021 | ||||||
| COMPANY NUMBER 01399732 | |||||||
| 2021 | 2020 | ||||||
| Notes | |||||||
| FIXEDASSETS | |||||||
| Heritage assets | 10 | 190,000 | 190,000 | ||||
| Tangible assets | ll | 17503,267 | 1,506,919 | ||||
| Investments | 6 | 100 | |||||
| 1,693/67 | 1 697019 | ||||||
| CURRENT ASSETS | |||||||
| Debtors | 12 | 63/87 | 83,120 | ||||
| Cash at bank and | in | hand | 117170 | ||||
| 130,081 | 200,290 | ||||||
| CURRENT LIABILITIES | |||||||
| Creditors: amounts | falling due | within one year | ~179 138) | ||||
| NET CURRENT | ASSETS | ~%32 | 21 152 | ||||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 1,772,204 | 1,718,171 | |||||
| Creditors: Amounts than one |
falling due year |
after more | 14 | ~38586) | |||
| FUNDS | |||||||
| Unrestricted | 136,137 | 80,721 | |||||
| Revaluation reserve |
1529999 | 1 590000 | |||||
| Total unrestricted | funds | 17 | 1,726,137 | 1,670,721 | |||
| Restricted | 16 | 8 864 | |||||
| Total |
| 3. | FINANCIAL ACTIVITIES OFT | FINANCIAL ACTIVITIES OFT | HE CHARI | TY | |
|---|---|---|---|---|---|
| A summary ofthe financial activities | undertaken | by the charity is set out below: | |||
| 2021 | 2020 | ||||
| Gross incoming resources |
165,930 | 166,629 | |||
| Charitable activities |
Qll 522) | (112745i | |||
| Surplus for the year | 53 884 | ||||
| 4. | OPERATING SURPLUS | 2021 | 2020 | ||
| The operating surplus |
is stated after | charging:- | |||
| Operating lease rentals |
—Land and buildings | 20,718 | 20;700 | ||
| Depreciation | 2,433 | 4,424 | |||
| Auditors' remuneration: |
|||||
| for audit services |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | ||||
| INCOME | ||||||
| Donations | ||||||
| Sponsorship and fundraising |
1,835 | 62 | 1,897 | |||
| Subscriptions | 4,467 | 4,467 | ||||
| Other trading activities:— | ||||||
| Commercial trading |
operations | 6 | 2,505 | 2,505 | ||
| Income from investments:— | ||||||
| Rents | 119,750 | 119,750 | ||||
| Other income —Coronavirus | grants | |||||
| TOTAL INCOME | lkL292 | |||||
| EXPENDITURE | ||||||
| Charitable activities |
109/77 | 3/68 | 112,745 | |||
| Expenditure on raising funds:- |
||||||
| Commercial trading |
operations | M5X2 | MQ2 | |||
| TOTAL EXPENDITURE | 110806 | 3368 | 114174 | |||
| Net income for the year | before gains | |||||
| and losses on investments | 57,190 | (3406) | 53,884 | |||
| Net movement on investments |
||||||
| Net movement in funds |
57,190 | (3406) | 53,884 | |||
| Fund balance at 1stJanuary 2020 | ||||||
| Fund balance at 31st |
December | L63L211 | M)Ui4 | 1E2555 | ||
| 2020 |
| 8. | EXPENDITURE | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||||
| Unrestricted | Restricted | 2021 | 2020 | |||||||
| Charitable Activities: |
||||||||||
| Staff costs | 56,099 | 56,099 | 62,063 | |||||||
| Insurance | 5/70 | 5/70 | 5,255 | |||||||
| Warning signs and hire ofnavigation |
buoys | 14,498 | 14,498 | 7,410 | ||||||
| Telephone | 721 | 721 | 744 | |||||||
| Marketing, publicity. and website |
1,589 | 1,589 | 1,039 | |||||||
| Rent, rates and utilities | 21/20 | 21,320 | 21,356 | |||||||
| Printing, postage and |
stationery | 281 | 281 | 237 | ||||||
| Legal and professional | fees | 2336 | 2/36 | 5,125 | ||||||
| Other administration | expenses | 1,357 | 1,357 | 740 | ||||||
| Depreciation | 2,433 | 1,481 | 3,914 | 4,424 | ||||||
| Governance costs: |
||||||||||
| Audit and accountancy fees |
4 332 | |||||||||
| 110,416 | 1,481 | 111,897 | 112,745 | |||||||
| Commercial trading |
activities: | |||||||||
| Brighton West Pier Trading | Limited | 3 429 | ||||||||
| Total expenditure | ||||||||||
| 9. | STAFF COSTS | |||||||||
| . | The number offull time equivalent | 2021 | 2020 | |||||||
| employees during the |
year was made | up as | ||||||||
| follows:- | ||||||||||
| Management and administration |
ofthe | |||||||||
| Charity | 1.4 | |||||||||
| 2021 | 2020 | |||||||||
| Wages and salaries | 54,491 | 58,600 | ||||||||
| Social Security (net |
of | Employer's | ||||||||
| allowance) | 1,515 | |||||||||
| Pension | 1,608 | 1,943 | ||||||||
| Stafftraining | 5 |
| the smaller damaged. | items wh | items wh | ich have not | been include | been include | d in the valuat |
d in the valuat |
ion. | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Expenditure which |
is required | to preserve | the artefacts | is recognised | in the | Statement of | Financial | |||||
| Activities when it is |
incurred. | |||||||||||
| 11. | TANGIBLE FIXED | Investment | Pier | Arch | Fixtures | Office | Total | |||||
| ASSETS | property | kiosk | fit out | and | equipment | |||||||
| fittings | ||||||||||||
| Fair value | ||||||||||||
| At 1stJanuary 2021 | 1,400,000 | 85,576 | 31,688 | 3,713 | 4,184 | 1,525, | 161 | |||||
| Additions | 262 | 262 | ||||||||||
| Disposals | ||||||||||||
| Revaluation | ||||||||||||
| At 31stDecember 2021 | ~j}Jgg | |||||||||||
| Depreciation | ||||||||||||
| At 1stJanuary 2021 | 11,090 | 2,968 | 4,184 | 18,242 | ||||||||
| Charge for the year | 3,169 | 745 | 3,914 | |||||||||
| On disposals | ||||||||||||
| At 31stDecember 2021 | ||||||||||||
| Net BookValue | ||||||||||||
| At 31stDecember 2021 At 31stDecember 2020 |
~Qg,Qg} ~)~ |
| fairly stated to be in the sum | of:K1.4m. ' | |||||
|---|---|---|---|---|---|---|
| 12. | DEBTORS | GROUP | CHARITY | |||
| 2021 | 2020 | 2021 | 2020 | |||
| Trade debtors | 49,611 | 68,895 | 49,611 | 68,895 | ||
| Amount owing by subsidiary |
undertaking | 270 | 1,943 | |||
| Prepayments, including 63,000 due aAer |
||||||
| one year | 12282 | 13406 | 12282 | |||
| 81 177 | 83 120 | |||||
| 13. | CREDITORS: AMOUNTS | FALLING | ||||
| DUE WITHIN ONE YEAR | GROUP | CHARITY | ||||
| 2021 | 2020 | 2021 | 2020 | |||
| Trade creditors | 5/41 | 4,326 | 3,966 | 3,850 | ||
| Social security and other taxes | 8,717 | 17,523 | 8,717 | 17,523 | ||
| Bank 'Bounce Back' loan | 42,000 | 42,000 | ||||
| Loan repayment Accruals and deferred income |
~38561 | 87,350 28415 |
~38561 | 87,350 28 415 |
||
| 14. | CREDITORS: AMOUNTS | FALLING | ||||
| DUE AFTER ONE YEAR' | GROUP | CHARITY | ||||
| 2021 | 2020 | 2021 | 2020 | |||
| Amounts falling due in two to five years |
||||||
| Repayable by instalments Concessionary loan |
38586 | ~ | 38 856 |
| 15. | OBLIGATIONS | UNDER LEASE CONTRACTS | UNDER LEASE CONTRACTS | UNDER LEASE CONTRACTS | UNDER LEASE CONTRACTS | |||
|---|---|---|---|---|---|---|---|---|
| The charity had total cominitrnents | under operating | leases as follows: | ||||||
| 2021 | 2020 | |||||||
| Within one year | 20,700 | 20,700 | ||||||
| In two to five years In over five years |
54,525 ~999 |
63,225 80 000 |
||||||
| 163 923 | ||||||||
| 16. | RESTRICTED FUNDS | |||||||
| At 1st | At 31st | |||||||
| January | December | |||||||
| 2021 | Income | Expenditure | 2021 | |||||
| Fit Out Fund | 1,481 | (1,481) | ||||||
| Heritage and Education |
Fund | LZQ | ||||||
| Prior year | ||||||||
| At 1st | At 31st | |||||||
| January | December | |||||||
| 2020 | Income | Expenditure | 2020 | |||||
| Fit Out Fund | 4,649 | (3,168) | 1,481 | |||||
| Office Equipment Fund Heritage and Education |
Fund | 200 | (200) | ~Q |
| 17. | UNRESTRICTED FUNDS | UNRESTRICTED FUNDS | UNRESTRICTED FUNDS | ||||
|---|---|---|---|---|---|---|---|
| At 1st | At 31st | ||||||
| January | December | ||||||
| 2021 | Income | Expenditure | 2021 | ||||
| General fund Designated fund |
1,639,061 ~titian |
153,506 ZlL222 |
(118,827) | 1,673,740 ~2M |
|||
| Prior year | |||||||
| At 1st | At 31st | ||||||
| January | December | ||||||
| 2020 | Income | Expenditure | 2020 | ||||
| General fund Designated fund |
1,581,871 ~8i9 |
167,996 | (110,806) | 1,639,061 ~M9 |
|||
| 1~21 | lti2 22ti | {119MS | LEILl21 |
| Tangible | Net | Long Term | |||
|---|---|---|---|---|---|
| Fixed Assets | Current | Liabilities | Total | Total | |
| Assets | 2021 | 2020 | |||
| Restricted | 7,481 | 7,481 | 8,864 | ||
| Unrestricted | 2L455 | L226J22 | |||
| 1ti2~ | ZLZZ | {ZL555] | 12&ti15 | ~225 | |
| Prior year | |||||
| Tangible | Net | Long Term | |||
| Fixed Assets | Current | Liabilities | Total | Total | |
| Assets | 2020 | 2019 | |||
| Restricted | 8,864 | 8,864 | 12,170 | ||
| Unrestricted | L629221 | ||||
| L6%212 | 1Lt52 | Q5~ | L625555 |