OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Page
Legal and administrative
information
Report ofthe Trustees 2-7
Report ofthe Independent
Auditors		 8 —11
Consolidated Statement ofFinancial Activities 12
Consolidated Balance Sheet 13
Balance Sheet 14
Notes to the Financial
Statements		 15 —25

Ann Alexander (Resigned 12 May Mark Ireland (Treasurer) Mark Ireland (Treasurer) Marina Pedreira-Vilarino
2022) Duncan
Irvinc		 Nick Szczepanik
Michael Attenborough Judy Lever Adam Trim ingham
Michael Farthing (Chair) Chris Mortimer Helen Walker
Lauren Godfrey Hikaru Nissanke (Appointed 23 Sal Wilson (joint Deputy Chair
Fred Gray February 2023) Resigned 23 February 2023)
David O' Connor (joint Deputy
Chair)

Unrestricted Restricted Total
Funds Funds Total Funds
Notes 2022 2021
INCOME
Donations
Sponsorship
and fundraising		 2,454 170 2,624 1,995
Subscription
s		 4,071 4,071 5,283
Legacy 20,737
Other trading activities:-
Commercial
trading		 operations 10,176 10,176 13,932
Income from investments:-
Rents 167,975 167,975 120,509
Other income —Coronavirus grants 11 885
TOTAL INCOME L5~67 229 156K44i 174341
EXPENDITURE
Charitable
activities		 120453 120,353 111,897
Expenditure
on raising funds:—
Commercial
trading		 operations 8 411
TOTAL EXPENDITURE 126895 126895 120308
Net movement
in funds		 57,781 170 57,951 54,033
Fund balance at 1stJanuary 2022 1 679 585
Fund balance at 31stDecember 2022 L.25~ 215 1 733 618

2022 2021
Notes
FIXEDASSETS
Heritage assets 10 190,000 190,000
Tangible assets 11 LM9dl25 1 503267
1,690,098 1 693 267
CURRENT ASSETS
Stocks 1,747 1,745
Debtors 12 9,669 63,017
Cash at bank and in hand L52522 66 794
201,291 131,556
CURRENT LIABILITIES
Creditors: amounts falling due within one year 222 5ZlD ~52619)
NET CURRENT ASSETS 78937
TOTAL ASSETS LESS
CURRENT LIABILITIES 1,791,569 1,772,204
Creditors: Amounts
more than one year		 falling due after 14 ~38586)
1 733 618
FUNDS
Unrestricted 193,918 136,137
Revaluation
reserve		 L5Mdl99 I 590000
Total unrestricted funds 17 1,783,918 1,726,137
Restricted 16 7481
Total 1 733618

2022 2021
Notes
FIXEDASSETS
Heritage assets 10 190,000 190,000
Tangible assets 11 1,500,098 1,503,267
Investments 6 100
1,690,198 I 693 367
CURRENT ASSETS
Debtors 12 10,900 63,287
Cash at bank and in hand L52525 66 794
200,775 130,081
CURRENT LIABILITIES
Creditors: amounts falling due within one year DM99 ~51 244)
NET CURRENT ASSETS 78 837
TOTAL ASSETS LESSCURRENT LIABILITIES 1,791,569 1,772,204
Creditors: Amounts falling due after more
than one year ~38586)
I 733 618
FUNDS
Unrestricted 193,918 136,137
Revaluation
reserve		 L529JHHl I 590000
Total unrestricted funds 17 1,783,918 1,726,137
Restricted 16 7481
Total I 733 618

3. FINANCIAL ACTIVITIE ACTIVITIE S OFT HE CHARI TY
A summary of the financial activities undertaken by the charity is set out below:
2022 2021
Gross incoming resources 178,304 165,930
Charitable
activities		 (~2~33 (I I I 897)
Surplus for the year ~5~5 54 033
4. OPERATING SURPLUS 2022 2021
The operating
surplus		 is stated after charging:-
Operating
lease		 rentals —Land and buildings 21,317 20,718
Depreciation 3,169 3,914
Auditors'
remuneration:
for audit services 3966

2022 2021
Book, art and souvenir sales 8,928 11,047
Artefact sales 1348 2,885
Costs ofsales and administration expenses ~6542 (8411)
Net profit 3,634 5,521
Distribution
to the		 Charity ~3634 L5 521)
Retained
in the subsidiary
The assets and liabilities were:
Current assets 1,747 1,745
Creditors: amounts falling due within one year I 645
Total net assets 100
Aggregate
share capital		 and reserves 100

Unrestricted Restricted Total
Funds Funds 2021
INCOME
Donations
Sponsorship
and fundraising		 1,897 98 1,995
Subscriptions 5,283 5/83
Legacy 20,737 20,737
Other trading activities:-
Commercial
trading operations		 13,932 13,932
Income from investments:-
Rents 120,509 120,509
Other income —Coronavirus grants 11885 11885
TOTAL INCOME 174243 98 174341
EXPENDITURE
Charitable
activities		 110,416 1,481 111,897
Expenditure
on raising funds:-
Commercial
trading operations		 8411 8411
TOTAL EXPENDITURE 118827 1481 120308
Net movement
in funds		 55,416 (l/83) 54,033
Fund balance at 1stJanuary 2021 1670 721 ~8864 1679585
Fund balance at 31stDecember 2021

8. EXPENDITURE
Total Total
Unrestricted Restricted 2022 2021
Charitable
Activities:
Staffcosts 65/05 65+05 56,099
Insurance 5,594 5,594 5,270
Warning
signs and		 hire ofnavigation buoys 9,550 9,550 14,498
Telephone 944 944 721
Marketing,
publicity		 and website 849 849 1,589
Rent, rates and utilities 23,029 23,029 21,320
Printing,
postage and		 stationery 109 109 281
Legal and professional fees 6,169 6,169 2,336
Other administration expenses 1,198 1,198 1,357
Depreciation 3,169 3,169 3,914
Governance costs:
Audit and accountancy fees 4512
120453 120453 111,897
Commercial
trading		 activities:
Brighton West Pier Trading Limited 8411
Total expenditure 120308
9. STAFFCOSTS
The number offull time equivalent 2022 2021
employees
during		 the year was made up as
follows:-
Management
and administration		 ofthe
Charity 1.4
2022 2021
Wages and salaries 63,853 54,491
Social
Security		 (net of Employer's
allowance)
Pension I 608
~53(}5 56099

11. TANGIBLE FIXED Investment Pier Arch Fixtures Office Total
ASSETS property kiosk fit out and equipment
fittings
Fair value
At 1stJanuary 2022 1,400,000 85,838 31,688 3,713 4,184 1,525,423
Additions
Disposals
Revaluation
At 31stDecember 2022 ~+99 ~@5 M655
Depreciation
At 1stJanuary 2022 14,259 3,713 4,184 22,156
Charge for the year 3,169 3,169
On disposals
At 31stDecember 2022 LES ~4 ~5~5
Net Book Value
At 31stDecember 2022		 ~+ggg /~M ~3M - = 125925
At 31stDecember 2021 1 400 000 85 838 17429 - - 1 503267

states: states:
'Taking
into consideration		 all the above factors, we are of the
opinion		 that the freehold leisure
investment
property		 described above, and assessed in accordance with the RICS Red Book, subject to
the above mentioned tenancies/leases/licence has a market value as at 31st December 2020 that can be
fairly stated to be in the sum of:K1.4m. '
12. DEBTORS GROUP CHARITY
2022 2021 2022 2021
Trade debtors 49,611 49,611
Amount
owing by subsidiary		 undertaking 1,231 270
Prepayments,
including
X3,000 due aAer
one year 13406 ~9669 13406
63 017 63287
13. CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR GROUP CHARITY
2022 2021 2022 2021
Trade creditors 4,500 5,341 4,084 3,966
Social security and other taxes 8,712 8,717 8,712 8,717
Concessionary
loan		 38,586 38,586
Accruals and deferred income 48 022 38 561 48 022 38 561
~Qjf 52619 51 244
14. CREDITORS: AMOUNTS FALLING
DUE AFTER ONE YEAR GROUP CHARITY
2022 2021 2022
2021
Amounts
falling due		 in two to five years
Repayable
by instalments
Concessionary
loan		 38586 38 856

15. OBLIGATIONS UNDER LEASE CONTRACTS OBLIGATIONS UNDER LEASE CONTRACTS OBLIGATIONS UNDER LEASE CONTRACTS OBLIGATIONS UNDER LEASE CONTRACTS
The charity had total commitments under operating leases as follows:
2022 2021
Within one year 18,525 20,700
In two to five years
In over five years		 48,000
~99		 54,525
68000
~~55 143 225
16. RESTRICTED FUNDS
At 1st At 31st
January December
2022 Income Expenditure 2022
Fit Out Fund
Heritage
and Education		 Fund
Prior year
At 1st At 31st
January December
2021 Income Expenditure 2021
Fit Out Fund 1,481 (1,481)
Heritage
and Education		 Fund ~3

17. UNRESTRICTED FUNDS UNRESTRICTED FUNDS UNRESTRICTED FUNDS
At 1st At 31st
January December
2022 Income Expenditure 2022
General fund 1,673,740 184,676 (126,895) 1,731,521
Designated fund ~K*HZ 52~3
L54Ek QZk 522 525&2L5
Prior year
At 1st At 31st
January December
2021 Income Expenditure 2021
General
fund
Designated
fund		 1,639,061
~tttIQ		 153,506
MLLE&		 (118,827) 1,673,740
~Z KZ