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2022-03-31-accounts

Contents Pages
Reference and Administrative Details
Chai Vs report
Trustees'
Annual
Report
Report ofthe Independent Auditor
Statement
of Financial Activities		 17
Balance Sheet 18
Cash Flow Statement 19
Notes to the financial statements 20-29
The following, pages do not form part ofthe Financial Statements
Detailed Statement
of Financial		 Activities 31-32

Tobacco Factory Arts Trust is a company Tobacco Factory Arts Trust is a company Tobacco Factory Arts Trust is a company Tobacco Factory Arts Trust is a company limited by guarantee.
Registered Company number 04536120(England and Wales)
Registered Charity number 1097542
Working name Tobacco Factory Theatres
Regi'stered office and Principal Address The Tobacco Factory
Raleigh Road
Southville
Bristol BS31TF
Patron Mrs Mary Prior CVO MBE
Trustees Sara h Smith
(C ha ir)
Joseph Bell
Ally Eynon
Mike Forrest
Laura Knight
Ewen Macgregor
Christelle
Pellecuer
Matthew
Penneycard
Rick Stone
Ceri Wade
Senior Management team Mike Tweddle - Artistic Director/CEO Mike Tweddle - Artistic Director/CEO Mike Tweddle - Artistic Director/CEO
David Dewhurst —Executive Director
Jamie Rees - Director of Marketing and
Fundraising
Auditor Burton Sweet
I imited
Chartered
Accountants
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol BS481UR

Unrestricted Unrestricted Total Total
General Designated Restricted Funds Funds
Funds Funds Funds 2022 2021
Note K'000 K'000 f'000 K'000 E'000
Income from voluntary sources:
Donations
and gifts		 433 500 121 1,054 1,035
Income from charitable activities 448 448 19
Investment
and other income:
Other trading
income		 30 30 12
Total income 911 500 121 1,532 1,066
Expenditure
on raising		 funds
Fundraising
and publicity costs		 70 5 6 81 60
Costs ofcharitable
activities		 759 100 46 905 752
Total expenditure 829 105 52 986 812
Net income/(expenditure) 82 395 69 254
Transfers
between funds		 18 (82) 88 (6)
Net movement
in funds		 483 63 546 254
Total funds at 1 April 2021 18 213 575 53 841 587
Total funds at 31 March 2022 18 213 1,058 116 1,387 841

Note 2022 2021
E'000 8000
Fixed assets
Tangible assets 13 1,058 658
Investments 14
1,058 658
Current assets
Stock 15 3 1
Debtors 16 85 40
Cash at bank 658 545
746 586
Creditors: amounts falling due
within one year 17 287 240
Net current (liabilities)/assets 459 346
Total assets less current
ii		 1,517 1,004
Creditors: amounts falling due
within more than one year (130) (163)
Net asseb 1,387 841
Funds
U-
( 19 213 213
19 1,058 575
unds 19 116 53
1,387 841

2022 2021
Notes K'000 6'000
Net cash inflow from operating activities 618 507
Cash flows from investing
activities
- Payments
for tangible
fixed assets		 (505) (35)
Net cash outflow for the year 113 472
Notes to the Cashflow Statement
A. Reconciliation ofnet movement in funds to net cash inflow from operating activities
Statement of Financial Activities: Net movement in funds 546 254
Depreciation 105 106
(Decrease)/Increase
(Decrease)/Increase
Decrease/(Increase)
Decrease/(Increase)		 in creditors:
in creditors:
in debtors
in stock		 Due within
Due after		 one year
more than one year		 47
(33)
(45)
~2		 ,(27)
163
,8
3
Net cash inflow from operating activities 618 507
B. Analysis ofchanges in cash flow during the year 2022 2021 Change
E'000 6'000 E'000
Cash at bank and in hand 658 545 113
658 545 113
2021 2020 Change
K'000 f.'000 F'000
Cash at bank and
in		 hand 545 73 472
545 73 472
C. Analysis
ofchanges		 In net debt
At Cash Non cash At
01-Apr-2021 flows flows 31-Mar-2022
R'000 E'000 K'000 R'000
Cash and cash equivalents
Cash 545 113 658
Total 545 113 658

2 Donations
and gifts
Unrestricted Designated Restricted Total Funds Total Funds
Funds Funds Funds 2022 2021
f'000 f'000 f'000 f'000 f'000
Grants and donations 121 121 242 272
Gifts in kind 11 500 511 70
Grants from public bodies
Arts Council Emergency Funding 150
Arts Council Cultural Recovery Funding 159 159 202
Arts Council National
Portfolio		 Organisations 61 61 61
Bristol City Council Openness Funding 30 30 30
Bristol City Council COVID19 Grants 32 32 25
Coronavirus
Job Retention		 Scheme 16 16 225
Creative
& Cultural		 Skills 3 3
433 500 121 1,054 1,035
The gift in kind placed in the designated fund relates to a new property lease for the first floor premises at The Tobacco
Factory which was entered into on 26 May 2021.The term for which the property has been leased is for 999years at a
peppercorn
rate. As substantially		 all the risks and rewards are held by Tobacco Factory Arts Trust and the lease term is for
the major part ofthe asset economic life, the property has been recognised as a leasehold property asset, initially at fair
value due to it being a gifted asset.
All donations
and gifts		 from 2021 were unrestricted except for f127,000of restricted grants and donations.
3 Income from charitable
activities
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
f'000 f'000 f'000 f'000
0 eration oftheatre
Income from productions 349 349 13
Theatre
hire and events		 48 48 4
Provision
ofservices		 9 9
Education
project income		 42 42
448 448 19
All income from charitable activities in 2021 was unrestricted.
4 Other trading
income
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
f'000 f'000 f'000 f'000
Solar panel and other income 12 12 12
Technical services 18 18
30 30 12

Fundraising
and publicity costs
Unrestricted Total Total
General Designated Restricted Funds Funds
Funds Funds Funds 2022 2021
f'000 f'000 f'000 f'000 f'000
Staff costs 30 30 30
Marketing 35 41 20
Support costs (note 7) 5 10 10
70 81 60

Charitable activities costs
Grants Direct Staff Support Total
Payable Cost Costs Costs 2022
(Note 7)
f'000 f'000 f'000 f'000 f'000
Operation oftheatre 209 273 227 709
Cost of visiting
productions		 122 122
Boxoffice costs 28 28
Education project costs 46 46
405 273 227 905
Prior year comparatives
2021
f'000 f'000 f'000 f.'000 f'000
Operation oftheatre 27 371 259 657
Cost of visiting
productions		 19 19
Boxoffice costs 6 6
Education project costs 5 5
Artist support 65 65
65 57 371 259 752

Support costs
Fundraising Total
and Charitable Funds
publicity Activities 2022
f'000 f'000 f'000
Depreciation 5 100 105
Other property costs 2 43 45
Professional fees 30 30
Insurance 12 13
Light and heat 12 13
Printing, postage and stationery 4 4
Finance costs 3 4
Travel, subsistence and entertainment 4 4
Sundries 19 19
10 227 237

Prior yea r comparatives
2021
f'000 f'000 f'000
Depreciation 5 101 106
Other property costs 5 122 127
Professional fees 9 9
Insurance 7 7
Light and heat 4 4
Printing, postage and stationery 6 6
Telephone and fax 3 3
Finance costs 1 1
Sundries 6 6
10 259 269

8 Statement of Financial Activities prior year comparative figures
Unrestricted Total
General Designated
'		 Restricted Funds
Funds Funds Funds 2021
K'000 F000 E'000 R'000
Income from voluntary sources:
Donations
and gifts		 908 127 1,035
Income from charitable activities: 19
Investment
and other income:
Other trading
income		 12
Total income 939 127 1,066
Expenditure
on raising		 funds
Fundraising
and publicity		 costs 56 60
Cost of charitable
activities		 613 66 73 752
Total expenditure 669 69 74 812
Net income/(expenditure) 270 (69) 53 254
Transfers
between
funds		 (12) 12
Net movement
in funds		 258 (57) 53 254
Total funds at 1 April 2020 (45) 632 587
Total funds at 31March 2021 213 575 53
9 Net Income/(expenditure)
This is stated after charging: 2022 2021
F000 F'000
Depreciation 105 106
Auditor fees
-Audit
- Other

11 Staff costs and numbers
The aggregate
payroll costs were:		 2022 2021
K'000 E'000
Wages and salaries 279 378
Social security costs 14 12
Employers pension 9 9
Redundancy costs 3
302 402
No employee
received emoluments		 of more than 660,000.

Tangible fixed assets
Leasehold
Leasehold Property Im- Lighting & Fixtures & Office
Property -provements Theatre Fittings Equipment Totals
K'000 f'000 f'000 f'000 R'000 R'000
Cost
At 1 April 2021 828 454 88 58 1,428
Additions 500 5 505
At 31 March 2022 500 828 459 88 58 1,933
Depreciation
At 1 April 2021 253 388 83 46 770
Charge for the year 72 25 2 6 105
At 31 March 2022 325 413 85 52 875
Net book value
At 31 March 2022 500 503 46 1,058
At 31 March 2021 575 66 12 658

The subsidiary was primarily was primarily involved
in the rental		 and hire ofstudios and rooms and donated all its taxable profits to TFAT
however,
it is		 now dormant.
Class ofshare: % holding
Ordinary 100
2022 2021
F
Aggregate
capital and reserves		 4 4
A summary
ofthe trading
results are set out below:		 TFAT Limited
2022 2021
f f
Turnover
Administrative expenses
Finance costs
Loss for the year
Shareholders funds 100 100
15 Stocks
2022 2021
K'000 f'000
Bar stocks 3 1
16 Debtors 2022 2021
R'000 f'000
Trade debtors 67 12
Other debtors 18 22
Prepayments and accrued income 6
85 40
17 Creditors
2022 2021
Creditors: amounts falling due within one year R'000 E'000
Trade creditors 94 68
Social security and other taxes 10 1
Other creditor 48 45
Accruals and deferred income 98 104
Loans 37 22
287 240
Creditors: amounts falling due after more than one year
Loans 130 163

19 Analysis ofnet assets' between funds Analysis ofnet assets' between funds
Current Year Tangible Other current Total
fixed assets Investments assets 2022
t'000 R'000 K'000 f'000
Restricted funds 116 116
Unrestricted funds
Designated funds - Capital improvements 1,058 1,058
General funds 213 213
1,058 329 1,387
Prior Year
Tangible Other current Total
fixed assets Investments assets 2021
K'000 K'000 K'000 K'000
Restricted funds 53 53
Unrestricted funds
Designated funds - Capital improvements 575 575
General funds 83 130 213
658 183 841