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|---|---|---|---|---|---|
|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|
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|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|||
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||||||||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|
##
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|||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|
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|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|
##
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|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|
##
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|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|
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|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|
##
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|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|
##
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|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|
##
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|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|