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|||Page|
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|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|
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|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||||
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|||||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|
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|||||||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|||||||||
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||||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||||||||
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|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|||||
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|||||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|||||||
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|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|
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||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}
~)~||||||||||
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||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|
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|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|
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|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|
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||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||
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