#
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||||||Page|
|---|---|---|---|---|---|
|Index||||||
|Legal &Administrative|Information|||||
|Directors' &Trustees'|Report||||3-10|
|2022-23 Achievements
and||Performance||||
|Selected Programme
for 2022-23||||||
|FinancialReview||||||
|Independent
Auditor's|Report to|the Trustees|||11-14|
|Statement ofFinancial|Activities|(including|income &expenditure|account)|15|
|Statement of Financial|Position|||||
|Statement ofCash Flows|||||17|
|Notes to the Financial|Statements||||18-28|
##
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|Trustees||-Jennifer
Lloyd
Antony Gostyn|—Chair
'|—Chair
'|
|---|---|---|---|---|
|||Antonia
Blocker|||
|||Tony Pilgrim|||
|||Elliott Cushnie|||
|||Michael Cole v|||
|||Sarah Lee|||
|||Rebecca Groves|||
|||Laura Wade|||
|||Judith Ricketts|||
|||Ju Row Farr|||
|*indicates|membership|ofthe Finance Sub-Committee||during the year.|
|Secretary &CEO||Allison Jane Cameron|||
|Charity Number||296404|||
|Company number||02032711|||
|Operational|and|1Zone 8|||
|Registered|Office Address|28 Kensington|Street||
|||8dghton|||
|||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|||
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|||||||||Notes|Unrestricted
Funds|Unrestricted
Funds|Restricted|Funds|Funds|2023Total||2022Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Income|||||||||||||||||
||||||||||||||||E|E|
|Voluntary
income||||||||2||120,805||1,085||121,890||211,850|
|Room hire, catering|and||bar|income||||3||48,981||||48,981||11,353|
|Building rents and other|||income|||||4||176,090||||176,090||159,124|
|Consultancy
income||||||||4||7,050||||7,050||11,250|
|||||||||||352,926||1,085||354,011||393,577|
|Incoming resources from|||charitable||activities|||||||5,000||5,000||133,445|
|Totalincome||||||||||352,926||6,085||359,011||527,022|
|~Ex enditure|||||||||||||||||
|Costs ofraising funds|||||||||||||||||
|Cost ofgenerating
voluntary||||income||||||111,131||||111,131||100,237|
|Room hire, catering and bar expenses||||||||3||23,570||||23,570||18,937|
|Building management||costs||||||||160,996||||160,996||115,291|
|Consultancy
income||||||||||12,832||||12,832||9,282|
|||||||||||308,530||||308,530||243,747|
|Net income available||||||||||44,396||6,085||50,481||283,275|
|Charitable
activities|||||||||||||||||
|Exhibitions|||||||||||||||||
|||||||||||||||||120,356|
|Education,
Learning &||Participation||||||||||||||2,292|
|Talent & Professional|Development||||including|Talks,|||||||||||
|Podcasts &Showcase|Events||||||||||75,905|||75,905||117,734|
|Other||||||||||18,136||||18,136||18,136|
|||||||||||18,136|75,905|||94,040||258,518|
|Governance costs||||||||||4,900||||4,900||4,900|
|Total resources expended||||||||6||331,566|75,905|||407,470||507,165|
|Net income/(expenditure)|||before transfers|||||||21,360|(69,819)|||(48,459)||19,857|
|Gross transfers between||funds||||||||(67,876)|67,876||||||
|Net income/(expenditure)||for the||year. Net movement|||in funds|||(46,515)|(1,944)|||(48,459)||19,857|
|Total funds brought forward at 1stApril 2022||||||||||1,923,194|2,458|||1,915,652||1,895,795|
|Fund balances at 31st|March 2023|||||||||1,866,680||514||1,867,194||1,915,652|
|The statement offinancial|||activities also complies||||with the|requirements||for an income|and expenditure||account under||the||
|Companies
Act 2006.|||||||||||||||||
##
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|STATEMENT OF CASH FLOWS||||
|---|---|---|---|
|||2023|2022|
|Net movement
in funds||(48,459)|19,857|
|Add: Depreciation||18,136|18,136|
|Add: reduction
in unrecoverable|VAT|||
|Decrease/(Increase)in
stock / assets|||(3,812)|
|Decrease/(Increase)in
debtors||(11,523)|(6,776)|
|Decrease
in investment||||
|Increase/(Decrease)
in creditors|less than one year|21,070|(93,574)|
|Increase/(Decrease)in
creditors|more than one year|||
|Cash used in operating
activities||(20,775)|(66,169)|
|Cash from investing activities||||
|Interest income||||
|Cash provided
from investing
activities||||
|Increase/(Decrease)in
cash and|cash equivalents|(20,775)|(66,169)|
|Cash and cash equivalents
at the|beginning ofthe year|307,321|373,490|
|Cash and cash equivalents
at the end ofthe year||286,546|307@21|
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|Voluntary|Income||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|2023|2022|
||||||E|6|
|Grants receivable for core||activities|120,536|1,085|121,621|211,619|
|Donations|||269||269|231|
|Total|||120,805|1,085|121,890|211,850|
|Grants receivable for core||activities|||||
|Unrestricted
funds:|||||||
|ACE NPO|Core Grant||||117,108|117,108|
|Lighthouse|Young Creatives||||||
|ACE Culture Recovery Fund||||||82,202|
|BHCC Omicron
Hospitality||& Leisure Grant||||3,080|
|Jonathan|Ruffer Curatorial|Grant|||1,200||
|DWO RM|Main No.1||||2,228||
||||||120,536|202,390|
|Restricted|funds:||||||
|Core funding
-Grants to support staff costs|||||1,085|9,229|
||||||1,085|9,229|
##
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|Room hire, catering and bar|||||
|---|---|---|---|---|
||||Total|Total|
||Unrestricted|Restricted|2023|2022|
||||E|E|
|Room hire, catering and bar Income|48,981||48,981|11,353|
|Room hire, catering and bar expenses|(23,495)||(23,495)|(18,937)|
|Net room hire, catering and bar income|25,486||25,486|(7,584|
##
|Rental income|Rental income|
|---|---|
|Consultancy|income|
|Otherincome||
|Total|Total|
|---|---|
|2023|2022|
|E|E|
|173,867|158,140|
|7,050|11,250|
|2,223|984|
|183,140|170,374|
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|Incoming||resou|rces from charitabl|e
activities||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Total|Total|
|||||||||2023|2022|
|||||||||E|E|
|Exhibitions
Talent &Professional
Development,||||including|||||63,559|
|Talks, Podcasts|||&Showcase Events|||||5,000|69,886|
|||||||||5,000|133,445|
|Included|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||||||||
|Arts DRIVA||||||||||
|Brighton|Digital||Festival||||||69,886|
||||||||||69,886|
##
|Total resources expended|Total resources expended|Total resources expended||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Total|Total|
|||||||Staff costs||Depreciation|Other costs|2023|2022|
||||||||E|E|E|E|E|
|Cost of raising funds||||||||||||
|Costs ofgenerating|voluntary||income|||87,779|||23,352|111,131|100,237|
|Room hire, catering||and bar|expenses||||5,295||18,273|23,569|18,936|
|Building management
costs
Costs ofgenerating
consultancy||||income||46,107
11,105|||114,888
1,726|160,996
12,832|115,291
9,282|
|Total||||||150,287|||158,239|308,529|243,746|
|Charitable
activities||||||||||||
|Exhibitions||||||||||||
|Activities undertaken||directly|||||||||111,006|
|Support costs|||||||||||9,350|
|Total|||||||||||120,356|
|Education
Learnin|&Partici||ation|||||||||
|Activities undertaken||directly|||||||||2,292|
|Total||||||||||||
||||||||||||2,292|
|Talent & Professional||Develo|ment||includin|Talks|Podcasts|&Showcase|events|||
|Activities undertaken||directly||||64,302|||10,661|74,964|107,454|
|Support costs|||||||||941|941|10,281|
|Total||||||64,302|||11,602|75,905|117,734|
|Other||||||||||||
|Activities undertaken||directly||||||18,137||18,137|18,137|
|Total||||||||18,137||18,137|18,137|
|Total charitable
activities||||||64,302||18,137|11,602|94,041|258,519|
|Governance
costs||||||||||4,900|4,900|
|||||||214,590||18,137|169,842|407,470|507,165|
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|Number ofemployees|Number ofemployees|Number ofemployees||||
|---|---|---|---|---|---|
|The average monthly|||number ofemployees|during the year was:||
|||||2023|2022|
|||||Number|Number|
|Direct charitable||work||||
|Administrative||||||
||||||10|
|Employment|costs|||||
|||||2023|2022|
|||||E|f|
|Wages and salaries||||196,452|185,212|
|Social security costs||||12,473|11,369|
|Pension cost||||5,665|5,550|
|||||214,590|202,131|
##
|Depreciation|rates|0.8%|20.0%|20.0%|25.0%|20.0%||
|---|---|---|---|---|---|---|---|
|||long||||||
||||ONce||Technical|Bar||
|||leasehold||Furniture|||Total|
|Tangible fixed Assets||Property|Equipment||Equipment|Equipment||
|||E||E|E|E|E|
|Cost||||||||
|As at 1stApril|2022|1,883,122|146,838|20,309|57,403|3,590|2,111,263|
|Additions||||||||
|As at 31st March 2023||1,883,122|146,838|20,309|57,403|3590|2111263|
|Depreciation||||||||
|As at 1stApril|2022|233,975|146,837|20,308|50,306|3,589|455,015|
|Charge less disposal for Year||15,065|||3,071|-|18,136|
|As at 31st March 2023||249,040|146,837|20,308|53,378|3,589|473,151|
|Net book value at31stMarch 2023||1,634,082|1|1|4,026|2|1,638,112|
|Net book value|at 31stMarch 2022|1,649,147|1|1|7,097|2|1,656,248|
##
|Note 10||||||||
|---|---|---|---|---|---|---|---|
|Debtors||||||2023|2022|
|||||||E|E|
|Trade debtors||||||13,085|3,680|
|Other debtors||||||||
|Accrued Income||||||4,500|2,457|
|Prepayments||||||6,262|6,188|
|Total||||||23,848|12,325|
|Note 11||||||||
|Creditors - Amounts|Falling Due Within 1Year|||||2023|2022|
|||||||E|E|
|Trade creditors||||||8,439|5,150|
|Tenants deposit monies||||||27,863|26,821|
|Deferred
Income||||||22,500|6,446|
|Taxes and social security costs||||||14,880|12,376|
|Accruals||||||7,630|9,450|
|Total||||||81,312|60,243|
|Note 12||||||||
|The company
is limited|by guarantee|and does not||have a share|capital. The liability ofthe members|||
|is limited to E1each in|the event ofthe company||being wound||up.|||
|Note 13||||||||
|Analysis ofnet assets|between funds|||||||
||||||Unrestricted|Restricted||
||||||||Total|
||||||funds|funds||
||||||E|E||
|Fund Balances at 31st|March 2023are represented|||by:||||
|Tangible fixed assets|||||1,638,112||1,638,112|
|Current assets|||||309,880|514|310,394|
|Creditors: amounts
falling due within||one year|||(81,312)||(81,312)|
||||||1,866,680|514|1,867,194|
##
|Mote 14||||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at 1st|Incoming|Outgoing||31stMarch|
|Movement||in Restricted Funds|Apdil 2022|Resources|Resources|Transfers|2023|
||||E|E|E|E|E|
|Re-imagine||Europe||||||
|Uog internship||||1,594|(1,350)||244|
|Kickstart|||1,012|2,095|(3,086)||21|
|Jonathan|Ruffer|||1,200|(1,200)|||
|Access to|work Grant||1,446|2,228|(3,425)||249|
|Totals|||2,458|7,117|(9,061)||514|