#
##
##
##
|||||Page|
|---|---|---|---|---|
|Index|||||
|Legal &Administrative|Information||||
|Directors' &Trustees'|Report|||3-13|
|2021-22 Achievements
and Performance|||||
|Selected Programme
for 2022-23|||||
|Financial
Review|||||
|Independent
Auditor's|Report to the Trustees|||14-17|
|Statement of Financial|Activities (including|income &expenditure|account)|18|
|Statement of Financial|Position||||
|Statement ofCash Flows||||20|
|Notes to the Financial|Statements|||2141|
##
##
##
|LEGAL5A|DMINISTRATIVE|
INFORMATION|
INFORMATION|
INFORMATION|
|---|---|---|---|---|
|Trustees||Jennifer Lloyd —Chair (appointed 16February 2022)|||
|||Anthony
Mayfield
Antony Gostyn '|—Chair (resigned 16February 2022)||
|||Antonia
Blocker|||
|||Tony Pilgrim|||
|||Elliott Cushnie
Michael Cole '|||
|||Haroon Mirza (resigned 13July 2021)|||
|||Gaia Fugazza (resigned 28||September 2021)|
|||Sarah Lee|||
|||Rebecca Groves|||
|||Laura Wade|||
|||Judith Ricketts (appointed||16February 2022)|
|||Ju Row Farr (appointed 16February 2022)|||
|'indicates|membership|ofthe Finance Sub-Committee|during|the year.|
|Secretary|fk CEO|Allison Jane Cameron|||
|Charity Number||296404|||
|Company|number|02032711|||
|Operationaland||12one 8|||
|Registered|ONce Address|28 Kensington
Street|||
|||Brighton|||
|||BN14AI|||
|Auditors||PRBAccountants|LLP||
|||Kingfisher
House|||
|||Hurstwood
Grange|||
|||Hurstwood
Lane|||
|||Haywards
Heath|||
|||West Sussex|||
|||RH17 7QX|||
|Bankers||Lloyds|||
|||Hove Business Centre|||
|||74-78Church Road|||
|||Hove|||
|||BN3 2EE|||
|Solicitors||DMH Stallard|||
|||100Queens Road|||
|||Brighton|||
|||BN13YB|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||Notes|Unrestricted
Funds|Unrestricted
Funds|Restricted Funds|2022Total|2021Total|
|---|---|---|---|---|---|---|---|---|---|---|
|ncome|||||||||6|6|
|Voluntary
inmme|||||||2022t22|9/29|212850|356,078|
|Room hire, catering and bar|income||||||22/53||11,355|571|
|Bugding rents and other income
Consultancy
income|||||||159,174
12~||11,250|148,377
13,125|
|||||||||9,229|393,577|518,151|
|Inmmlng
resources from charitable||activities|||||||||
|Total inmme|||||||SOL348|142,674|527,022|527,151|
|EBOnndltute|||||||||||
|Costs ofraising funds|||||||||||
|Cost ofgenerating
voluntary|income||||||100/37||100357|173,360|
|Room hire, catering and bar expenses|||||3||ISN'T||tg„rr57|306|
|Bugdlng management
costs|||||||115~2||115,291|113,957|
|Consultancy
income|||||||9/$2||9,2$2|12,158|
||||||||243,747||243,747|299,781|
|Net Orcome avagable|||||||240AOI|142,674|2$3,275|227,370|
|Charitable actlvMas|||||||||||
|Exhibitions||||||||120,556|120356||
|Education, teaming 0Participation
Talent 0Professional
Development||induding|Talks,|||||2,292|2392|8,634|
|Podcasts lkShowcase Events||||||||117,754|117,734|104,879|
|Other|||||||||1$,156|17,184|
|||||||||240,3$2|258418130,697||
|Gmmmance
costs|||||||||4,900|4,900|
|Total msources expended|||||6||26th783|240,5$2|507,16S|435,378|
|Net income/(expenditure)
before transfers|||||||117~|(97,708)|19WT|91,773|
|Gross transfers between funds|||||||(54,7$7)||||
|Net income/(expenditure)
forthe year. Net movement||||In funds||||(42,922)|192tgy|91,773|
|Total funds brought forward|et1stApdl 1021||||||LOSSES|45,3$0|LOSS,795|12t04,022|
|Fund balances at31stMarch|2022||||||2413,294|2458|1,915AS2|1,895,795|
|The statement offinancial activities||also compges||with the|requirements||for an inmme|and expenditure|account under|the|
|Companies
Act 2006.|||||||||||
##
##
##
##
##
|||2022|2021|
|---|---|---|---|
|Net movement
in funds||19,$57|91,773|
|Add: Depreciation||18,136|17,184|
|Add: reduction
in unrecoverable|VAT|||
|Decrease/(Increase)
in stock / assets||(3,812)|(7,579)|
|Decrease/(Increase)
in debtors||(6,776)|13,451|
|Decrease in investment||||
|Increase/(Decrease)
in creditors|less than one year|(93,574)|88,926|
|Increase/(Decrease)
In creditors|more than one year|||
|Cash used In operating activities||(66,169)|203,755|
|Cash from Investing activities||||
|Interest income||||
|Cash provided from Investing activities||||
|Increase/(Decrease)
In cash and|cash equivalents|(66,169)|20$,755|
|Cash and cash equivalents
at the|beginning ofthe year|373,490|169,735|
|Cash and cash equivalents
atthe end ofthe year||$07,321|37$Q90|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Note 2||||||||
|---|---|---|---|---|---|---|---|
|Voluntary
Income||||||||
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|2022|2021|
|||||||E|E|
|Grants receivable for||core activities||202,390|9,229|211,619|355,920|
|Donations||||231||231|158|
|Total||||202,621|9,229|211,850|356,078|
|Grants receivable forcore activities||||||||
|Unrestricted
funds:||||||||
|HMRC JRS|||||||36,015|
|ACE NPO Core Grant||||||117,108|117,108|
|ACE NPO Emergency||Fund|||||105,380|
|ACE Culture Recovery||Fund||||$2,202|62,417|
|Esmee Fairbairn|||||||15,000|
|BHCC Omicron|Hospitality
&Leisure Grant|||||3,0$0||
|Brighton &Hove City||Council|||||20,000|
|||||||202,390|355,920|
|Restricted funds:||||||||
|Core funding -|Grants|to support|staff costs|||9,229||
|||||||9,229||
|Note 3||||||||
|Room hire, catering and bar||||||||
|||||||Total|Total|
|||||Unrestricted|Restricted|2022|2021|
|||||||E|E|
|Room hire, catering and bar Income||||11,353||11,35S|571|
|Room hire, catering and bar expenses||||(18,937)||(1$,937)|(306)|
|Net room hire,|catering and bar||Income|Tp584||7,5$4|265|
|Note 4||||||||
|Bugding rents|and other Income|||||||
|||||||Total|Total|
|||||||2022|2021|
|||||||6|E|
|Rents I Income||||||15$,140|148,377|
|Consultancy
income||||||11,250|13,125|
|Other income||||||984||
|||||||170,374|161,502|
##
##
##
##
##
|Incoming|resou|rces from charitabl|e activities|||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||||2022|2021|
|||||||6|E|
|Exhibitions||||||63,559||
|Talent &|Professional
Development,||induding|||||
|Talks, Podcasts||&Showcase Events||||69,N6|9,000|
|||||||133,445|9,000|
|Induded|within|income relating to|Exhibitions are the following:|||||
|Re-Imagine
Europe||||||63,559||
|||||||63,559||
|Included|within|income relating to|Talent &Professional|Development|including|Talks, Podcasts and||
|Showcase|Events are the following:|||||||
|The Future ofthe High Street|||||||6,000|
|Arts DRIVA|||||||3,000|
|Brighton|Digital|Festival||||69,N6||
|||||||69,N6|9,000|
##
##
##
|Total resources expended|Total resources expended|Total resources expended|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Total|Total|
|||||||Staffcosts|Depredation|Other costs|2022|2021|
|||||||E|E|E|E|E|
|Costofraising funds|||||||||||
|Costs ofgenerating|voluntary||income|||68,923||31,314|200,237|173,360|
|Room hire, catering||and bar expenses||||12,802||6,134|18,936|306|
|Building management||costs||||24,646||90,645|115,291|113,957|
|Costs ofgenerating|consultancy|||income||6,227||3,055|9,282|12,158|
|Total||||||112,598||131,148|243,746|299,781|
|Charitable
activities|||||||||||
|Exhibitions|||||||||||
|Activities undertaken||directly||||32,852||78,154|111,006||
|Support costs||||||||9,350|9,350||
|Total||||||32,852||87,504|120,356||
|Education
Leamin||8 Partici|ation||||||||
|Activities undertaken||directly||||||2,292|2,292|8,634|
|Total||||||||2,292|2,292|8,634|
|Talent &Professional||Develo||ment|includin|Talks Podcasts ikShowcaseevents|||||
|Activities undertaken||directly||||56,682||50,772|1077t54|103,934|
|Support costs||||||||10,281|10,281|945|
|Total||||||56,682||61,053|117,734|104,878|
|Other|||||||||||
|Activities undertaken||directly|||||18,137||18,137|17,184|
|Total|||||||18,137||18,137|17,184|
|Total charitable
activities||||||89,534|18,137|150,849|258,519|130,697|
|Governance
costs|||||||||4,900|4,900|
|||||||202,131|18,137|281,997|507,166|435,378|
##
##
##
##
##
|Number ofemployees|Number ofemployees|Number ofemployees||||
|---|---|---|---|---|---|
|The average monthly|||number ofemployees|during the year was:||
|||||2022|2021|
|||||Number|Number|
|Direct charitable||work||||
|Administrative||||||
|||||10|10|
|Employment|costs|||||
|||||2022|2021|
|||||E|E|
|Wages and salaries||||185,212|204,095|
|Social security costs||||11,$69|12,699|
|Pension cost||||5,550|6,106|
|||||202,151|222,900|
##
##
|Note 9|||||||
|---|---|---|---|---|---|---|
|Depredation
rates|0.89ii|20.0%|20.09fi|25.09ii|20.0%||
||long
leasehold|ONce|„Technical
Furniture||gar|Total|
|||Equipment||Equipment|Equipment||
|Tangible Fixed Assets|propertY||||||
||E||||||
|Cost|||||||
|As at 1stApril 2021|1,883,123|146,838|20,309|53,591|3,590|2,107,451|
|Additions||||3,812||3,812|
|As at 31st March 2022|1,$8,123|146,838|20,309|57,403|3,590|2,112,263|
|Depreciation|||||||
|As at 1stApdl 2021|218,910|146,837|20,308|47,234|3,589|436,878|
|Charge less disposal forYear|15,065|-|-|3,071|-|18,136|
|As at31stMarch 2022|233,975|146,837|20,308|50,306|3,589|455,014|
|Net book value at31stMarch 2022|1,649,148|1|1|7,098|2|1,656,249|
|Net book value at 31stMarch 2021|1,664,213|1|1|6,357|2|1,670,573|
##
##
|Note 10||||
|---|---|---|---|
|Debtors||2022|2021|
|||E|E|
|Trade debtors||3,680|3,395|
|Other debtors||||
|Accrued Income||2/57||
|Prepayments||6,188|2,154|
|Total||12,325|5,549|
|Note 11||||
|Creditors - Amounts|Falling Due Within 1Year|2022|2021|
|||E|E|
|Trade creditors||5,150|12,927|
|Tenants deposit monies||26,821|25,677|
|Deferred Income||6,446|99,818|
|Taxes and social security costs||12,376|7,980|
|Accruals||9,450|7,416|
|Total||60,24S|153,817|
##
##
##
|Analysis ofnet ass|ets between funds|||||
|---|---|---|---|---|---|
||||Unrestdcted|Restricted||
||||||Total|
||||funds|funds||
||||6|E||
|Fund Balances at31stMarch 2022 are represented||by:||||
|Tangible fixed assets|||1,656,249||1,656,249|
|Current assets|||317,188|2,458|319,646|
|Creditors: amounts|falling due within one year||60,243||68,243|
||||1,913,194|2~8|1,915,652|
##
|Note 14|||||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1st|Incoming|Outgoing||31stMarch|
|Nlovement|in Restricted Funds|April 2021|Resources|Resources|Transfers|2022|
|||6|8|8|6|6|
|Re-imagine|Europe|45,380|133,445|(229,752)|50,927||
|Kickstart|||6,554|(6,554)|1,012|1,012|
|Access to work Grant|||2,675|(4,077)|2,848|1,446|
|Totals||45,380|142,674|(240383)|54,787|2,458|