2021-03-31-accounts

					Page
Index
Legal &Administrative	Information
Directors' 8 Trustees'	Report				3-14
2020-21Achievements and		Performance
Selected Programme for 2021-22
Financial Review
Independent Auditor's	Report to	the Trustees			15-18
Statement of Financial	Activities	(including	income &expenditure	account)	19
Statement of Financial	Position				20
Statement ofCash Flows					21
Notes tothe Financial	Statements				22-31

Trustees	Anthony Mayfield - Chair Antony Gostyn * Ken Smith * (resigned 3December 2020)
	Antonia Blocker
	Tony Pilgrim
	Helen Kennedy (resigned 16April 2020)
	Elliott Cushnie Michael Cole '
	Haroon Mirza (appointed 9July 2020)
	Gaia Fugazza (appointed 9July 2020)
	Sarah Lee (appointed 9July 2020)
	Rebecca Groves (appointed 9July 2020)
	Laura Wade (appointed 9July 2020)

*indicates	*indicates	membership	ofthe Finance Sub-Committee	ofthe Finance Sub-Committee	during the year.
Secretary	8 CEO		Allison Jane Cameron
Charity Number			296404
Company	number		02032711
Operational		and	1Zone 8
Registered		Office Address	28 Kensington	Street
			Brighton
			BN1 4AJ
Auditors			PRBAccountants		LLP
			Kingfisher House
			Hurstwood Grange
			Hurstwood Lane
			Haywards Heath
			West Sussex
			RH17 7QK
Bankers			Lloyds
			Hove Business	Centre
			74-78 Church	Road
			Hove
			BN3 2EE
Solicitors			DMH Stallard
			100Queens Road
			Brighton
			BN1 3YB

							Notes	Unrestricted Funds	Restricted	Funds	2021Total	2020Total
Income											E	E
Voluntary income								356,078			356,078	114,992
Room hire, catenng and		bar income						571			571	44,281
Building rental income								148,377			148,377	156,411
Consultancy income								13,125			13,125	2,000
								518,151			518,151	317,684
Incoming resources from charitable				activities						9,000	9,000	170,742
Total income								518,151		9,000	527,151	488,426
~gx enditure
Costs ofraising funds
Cost ofgenerating voluntary			income					173,360			173,360	50,353
Room hire, catering and		bar expenses						306			306	29,974
Building management	costs							113,957			113,957	103,894
Consultancy income								12,158			12,158	121
								299,781			299,781	184,342
Net income available								218,370		9,000	227,370	304,084
Charitable activities
Exhibitions												26,145
Education, Learning &Participation										8,634	8,634	50,993
Talent &Professional	Development			including	Talks,
Podcasts &Showcase	Events								104,879		104,879	221,613
Other								17,184			17,184	15,065
								17,184	113,513		130,697	313,816
Governance costs								4,900			4,900	4,900
Total expenditure							6	321,865	113,513		435,378	503,058
Net income/(expenditure)			before transfers					196,286	(104,513)		91,773	(14,632)
Gross transfers between		funds						(60,889)		60,889
Net income/(expenditure)		for	the year.	Net movement		in funds		135,396	(43,623)		91,773	(14,632)
Total funds braught	forward at 1st			April 2020				1,715,019		89,003	1,804,022	1,818,654
Fund balances at 31st March 2021								1,850,415		45,380	1,895,795	1,804,022

		Note	2021		2020
			6	6	6	6
Fixed assets
Tangible assets				1,670,573		1,679,282
Current assets
Debtors		10	5,549		19,000
Cash at bank and in	hand		373,490		169,735
Stock					896
			379,039		189,631
Creditors - amounts	falling due within 1year	11	153,817		64,891
Net current assets				225,222		124,740
Net assets				1,895,795		1,804,022
Charityfunds
Unrestricted				1,850,415		1,715,019
Restricted				45,380		89,003
Total funds				1,895,795		1,804,022

STATEMENT OF CASH FLOWS
		2021	2020
Net movement in funds		91,773	(14,632)
Add: Depreciation		17,184	15,065
Decrease/(Increase)in stock / assets		(7,579)	380
Decrease/(Increase) in debtors		13,451	66,855
Increase/(Decrease) in creditors less than	one year	88,926	28,016
Cash used in operating activities		203,755	95,682
Increase/(Decrease) in cash and cash equivalents		203,755	95,682
Cash and cash equivalents at the beginning	ofthe year	169,735	74,053
Cash and cash equivalents at the end ofthe year		373,490	169,735

Voluntary Income
		Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
				E	E
Grants receivable for	core activities	355,920		355,920	114,992
Donations		158		158
Total		356,078		356,078	114,992
Grants receivable for	core activities
Unrestricted funds:
HMRC JRS				36,015
ACE NPO Core Grant				117,108	114,992
ACE NPO Emergency	Fund			105,380
ACE Culture Recovery	Fund			62,417
Esmee Fairbairn				15,000
Brighton &Hove City	Council			20,000
				355,920	114,992

Room hire,	catering and bar income
				Total	Total
		Unrestricted	Restricted	2021	2020
				E	E
Room hire,	catering and bar income	571		571	44,281
Room hire,	catering and bar expenses	(306)		(3061	(29,974)
Net room hire, catering and bar income		265		265	14,307
Note 4
Building rents and other income
				Total	Total
				2021	2020
				E	E
Rental income				148,377	156,411
Consultancy	income			13,125	2,000
				161,502	158,411

Incoming		resources	resources	from charitable	activities
									Total	Total
									2021	2020
									E	E
Exhibitions										14,852
Education,		Learning		& Participation						15,375
Talent &	Professional			Development,	including
Talks, Podcasts			&Showcase Events						9,000	140,515
									9,000	170,742
Included	within		income relating to Exhibitions			are the following:
Distorted		Constellations								14,852
										14,852
Included	within		income relating to Education,			Learning	&Participation	are the following:
Viral										5,000
Internships										3,375
MA Digital		Media Art								7,000
										15,375
Included	within		income relating toTalent &Professional				Development	including	Talks, Podcasts	and
Showcase		Events are		the following:
ASA										17,578
The Future		ofthe High Street							6,000
Arts DRIVA									3,000	7,000
Re-Imagine		Europe								115,937
									9,000	140,515

Note 6
Total Resources expended
											Total	Total
						Staff	costs	Depreciation		Other costs	2021	2020
							E		6	E	6	6
Cost of raising funds
Costs ofgenerating	voluntary		income			133,975				39,385	173,360	50,353
Room hire, catering		and bar expenses								306	306	29,974
Building management		costs				27,352				86,605	113,957	103,894
Costs ofgenerating	consultancy			income		10,780				1,378	12,158	121
Total						172,107				127,674	299,781	184,342
Charitable activities
Exhibitions
Activities undertaken		directly										25,249
Support costs												896
Total												26,145
Education Learmn		tk Partici	ation
Activities undertaken		directly								8,634	8,634	50,066
Support costs												927
Total										8,634	8,634	50,993
Talent 8 Professional		Develo	ment		includin	Talks	Podcasts		gr Showcase	events
Activities undertaken		directly				50,793				53,141	103,934	213,140
Support costs										945	945	8,473
Total						50,793				54,086	104,879	221,613
Other
Activities undertaken		directly							17,184		17,184	15,065
Total									17,184		17,184	15,065
Total ag activities						50,793			17,184	62,720	130,697	313,816
Governance costs											4,900	4,900
						222,900			17,184	190,394	435,378	503,059

The average	mon	thly number of employees	during the year was:
			2021	2020
			Number	Number
Direct charitable		work
Administrative
			10
Employment	costs
			2021	2020
			E	E
Wages and salaries			204,095	209,519
Social security	costs		12,699	14,994
Pension cost			6,106	6,017
			222,900	230,530

Note 9
Depreciation rates	0.890	20.0%	20 0%	25 0%	20.0%
	Long	Office	.	Technical	Bar
	Leasehold		Furniture			Total
Tangible Fixed Assets	Property	Equipment		Equipment	Equipment
	6		6	6
Cost
As at 1st April 2020	1,883,123	146,838	20,309	45,116	3,590	2,098,976
Additions				8,475		8,475
As at 31st March 2021	1,883,123	146,838	20,309	53,591	3,590	2,107,451
Depreciation
As at 1st April 2020	203,845	146,837	20,308	45,115	3,589	419,694
Charge less disposal for Year	15,065			2,119		17,184
As at 31st March 2021	218,910	146,837	20,308	47,234	3,589	436,878
Net book value at 31st March 2021	1,664,213			6,357	1	1,670,573
Net book value at 31st March 2020	1,679,278				1	1,679,282

Debtors		2021	2020
		E	E
Trade debtors		3,395	10,822
Prepayments		2,154	8,178
Total		5,549	19,000
Note 11
Creditors - Amounts	Falling Due Within 1Year	2021	2020
		6	f
Trade creditors		12,927	20,701
Tenants deposit monies		25,677	25,602
Deferred Income		99,818	3,148
Taxes and social security costs		7,980	8,937
Accruals		7,416	6,503
Total		153,817	64,891

Analysis ofnet ass	ets between funds
			Unrestricted	Restricted
					Total
			funds	funds
			E	E
Fund Balances at 31stMarch 2021are represented		by:
Tangible fixed assets			1,670,573		1,670,573
Current assets			333,659	45,380	379,039
Creditors: amounts	falling due within one year		(153,817)		(153,817)
			1,850,415	45,380	1,895,795

Note 14
							Balance at
			Balance at 1st	Incoming	Outgoing		31st March
Movement	in Restricted	Funds	April 2020	Resources	Resources	Transfers	2021
			6	6	6	6	6
Re-imagine	Europe		76,130	(0)	(94,187)	63,437	45,380
Viral			7,781		(8,534)	753
MA Digital	Arts				(100)	100
Guiding Lights Feature Focus					(600)	600
The Future	ofthe High Street			6,000	(9,311)	3,311
Arts DRIVA			5,092	3,000	(780)	(7,312)
Totals			89,003	9,000	(113,512)	60,889	45,380