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|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|
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|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)||||
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|||||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|
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||||||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||
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||||||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|
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|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|
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||||||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|
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|||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|||||
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|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|
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|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|
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||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|
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|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||||
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|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|
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