##
##
|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|
##
##