2023-03-31-accounts

		Page
Company information
Trustees' report		2-11
Independent auditor's	report	12 —15
Statement offinancial	activitses
Balance sheet		17
Statement of cash flaws		18
Notes to the financial	statements	19-34

Trustees				Bertel Martin (Chair)	Bertel Martin (Chair)	Bertel Martin (Chair)
				Joseph Bell (Vice Chair)
				Alison Eynon (Vice Chair)
				Michael Forrest		(Treasurer)
				Samuel Charleston
				Laura Knight
				Ewen Macgregor
				Ricky Stone
Working	name			Tobacco Factory		Theatres
Charity number				1097542
Company		number		04536120
Registered		office and	Principal address	Tobacco Factory
				Raleigh Road
				Southville
				Bi'Istoi
				BS3 1TF
Patron				Mrs Mary Pnor	CVO MBE
Senior Management			team	Heidi Vaughan-	Artisihc Director/CEO
				David Dewhurst-		Executive Director
Auditor				TCGroup
				St Matthew's House
				Quays Office Park
				Conference Avenue
				Porbshead
				Bnstol
				BS20 7LZ

					Unrestricted	Unrestricted	Restricted	Total	Total
					funds	funds	funds
						designated
					2023	2023	2023	2023	2022
				Notes	f'000	f'000	f'000	f'000	f'000
Income and endowments		from:
Donations and	legacies				216		109	325	1,054
Charitable activities					896			896	448
Other income					31			31	30
Totalincome					1,143		109	1,252	1,532
~Edi
Raising funds					30		5	40	81
Charitable acnvities
Support costs					166	90	73	329	233
General funds					929		64	993	672
Total charitable	expenditure				1,095	90	137	1,322	905
Total resources	expended				1,125	95	142	1,362
Net incoming/(outgoing)		resources
before transfers					18	(95)	(33)	(110)	546
Gross transfers	between	funds				35	(35l
Net income/(expenditure)			forthe	year/
Net movement	in funds				18	(60)	(68)	(110)	546
Fund balances at 1April 2022					213	1,058	116	1,387	841
Fund balances	at 31March		2023		231	998	48	1,277	1,387

					2023			2022
				Notes	E'000	E'000	E'000		E'000
Fixed assets
Tangible	assets			12		998			1,058
Current assets
Stocks				14	4		3
Debtors				15	81		E5
Cash at bank and		in	hand		613		65E
					698		746
Creditors:	amounts		falling due within
one year				16	(326)		(287)
Net current assets						372			459
Total assets less current liabilities						1,370			1,517
Creditors:	amounts		falling due after
more than	one year			17		(93)			(130)
Net assets						1,277			1,387
Income funds
Restricted	funds			20		48			116
Designated	funds					998			1,058
Unrestricted funds						231			213
						1,277			1,387

						2023		2022
					Notes	f'000	f'000	f'000	f'000
Cash flows from operating			activities
Cash generated from operations					24		27		613
Investing	activities
Purchase	oftangible fixed		assets			(35)		(505)
Net cash	used in investing		activities				(35)		(505)
Financing	activities
Repayment of bank loans						(37)
Net cash	used in financing		activities				(37)
Net (decrease)/increase		in cash and cash
equivalents							(45)		108
Cash and	cash equivalents		at beginning	of	year		658		545
Cash and	cash equivalents		at end ofyear				613		658

		Unrestricted	Unrestricted	Restricted	Tota I	Total
		funds	funds	funds	funds	funds
			designated
		2023	2023	2023	2023	2022
		E'000	E'000	E'000	E'000	6'000
Donations	and gifts	118		109	227	242
Grants from public bodies					98	301
Donated	goods and services					511
		216		109	325	1,054

All donations and gifts from 2	All donations and gifts from 2	022 were unres	tncted except forf121,000	ofrestricted grants and don	ations.
Grants receivable from public		bodies
Arts Council Cultural	Recovery	Funding			159
Arts Council National Portfolio
Organisations			61	61	61
Bristol City Council	Openness	Funding	34	34	30
Bristol City Council	COVID19 Grants				32
Coronavirus Job Retention Scheme					16
Creabve & Cultural	Skills				3
			98	98	301

		Unrestricted	Total funds
		Funds
		2023	2022
		E'000	E'000
Operations	oftheatre
Income from productions		670	349
Theatre hire and events		110	48
Provision ofservices		13	9
Educabon	project income	103	42
		896	448

	Unrestricted	Tota I
	funds	funds
	2023	2022
	E'000	E'000
Solor panel and other income	10	12
Technical services	21	18
		30

		Unrestricted	Designated	Restricted	Total	Tota I
		funds	funds	funds	funds	funds
		2023	2023	2023	2023	2022
		E'000	E'000	E'000	E'000	E'000
Fundraising	and publicity costs
Marketing		30			30	41
Staff costs						30
Support costs						10
Fundraising	and publicity	30			35	81
T~d
Other trading actiwties
		30			40	81
For the year	ended 31March 2022
Fundraising	and publicity	70

			Support	Direct costs	Total	Total
			costs		2023	2022
			2023	2023
			E'000	E'000	E'000	E'000
Staff costs				423	423	273
Operation	oftheatre		8	187	195	209
Cost ofvisiting productions			61	304	365	122
Boxofffce costs			6	39	45	28
Education	project costs			35	35	46
			75	988	1,063	678
Share of	support costs (see note 8)		223		223	197
Share of	governance	costs (see note 8)	31	5	36	30
			329	993	1,322	905
Analysis	by fund
Unrestricted funds			166	929	1,095	753
Unrestricted designated			90		90	100
Restricted	funds		73	64	137	52
			329	993	1,322	905
For the year ended 31March 2022
Unrestricted funds			227	526		753
Unrestncted designated				100		100
Restricted	funds		6	46		52
			233	672		905

8	Support	costs				Tota I	Tota I
				Support	Governance	2023	2022
				costs	costs
				f'000	f'000	f'000	f'000
	Depreciation			95		95	105
	Other property costs			43		43	45
	Insurance			16		16	13
	Light and	heat		27		27	13
	Printing,	postage	and stationery	32		32	4
	Finance costs			6		6	4
	Travel, subsistence		and entertainment	6		6	4
	Sundnes			7		7	19
	Audit fees				7	7	8
	Legal and	professional			24	24	22
				232	31	263	237
	Analysed	between
	Fundraising			5		5	5
	Charitable	activities		223	36	259	232
				228	36	264	237

The average	monthly number ofemployees during t	he year was:
		2023	2022
		Number	Number
		35	29
Employment	costs	2023	2022
		E'000	E'000
Wages and salaries		389	279
Social security costs		23	14
Other pension costs		11	9
		423	302

12	Tangible fixed assets	Tangible fixed assets
				Leasehold	Leasehold	Lighting and	Fixtures and	Office Equipment	Total
				property	improvements	Theatre	Fittl Ilgs
				E'000	f'000	f'000	f'000	f'000	f'000
	Cost
	At 1Ap n I 2022			500	828	459	88	58	1,933
	Additions				35				35
	At 31March	2023		500	863	459		58	1,968
	Depreciation	and
	impairment
	At 1April 2022				325	413	85	52	875
	Depreciation	charged	in the
	year				65	23		5	95
	At 31March	2023			390	436	87	57	970
	Carrying amount
	At 31March	2023		500	473	23		1	998
	At 31March	2022		500	503	46		6	1,058

14	Stocks
							2023	2022
							E'000	E'000
	Bar stocks
15	Debtors
							2023	2022
	Amounts	falling due			within one year:		E'000	E'000
	Trade debtors						62	67
	Other debtors						19	18
							81
16	Creditors:	amounts		falling due within one year
							2023	2022
						Notes	E'000	E'000
	Bank Ioans					18	37	37
	Other taxation		and	social security			20	10
	Trade creditors						56	94
	Other creditors						31	48
	Accruals and deferred				income		182	98
							326	287
17	Creditors:	amounts		falling due after more than one year
							2023	2022
						Notes	E'000	E'000
	Bank loans					18	93	130

Loans and ov	erdrafts
		2023	2022
		E'000	f'000
Bankloans		130	167
Payable within	one year	37	37
Payable after	one year	93	130

Current year					Movement	Movement	in funds
			Balance at		tncomlna	Resources		transfers	Balance at
			1April	ZOZ2	resources	expended			31March 2023
			f'000		f'000		f'000	E'000	f'000
Restricted funds
Get involved				38	47		(53)		32
The British Council				44	12		(52)		4
Development	team			34			(24)		10
Air conditioning		fund			50		(13)	(35)	2
				116	109		(142)	(35)	48

20	Movement	in funds					(Continued)
	Unrestricted	funds
	Fixed assets	fund	1,058		(95)	35	998
	General fund		213	1,143	(1,114)		242
			1,271	1,143	(1,209)	35	1,240
	Total funds		1,387	1,252	(1,351)		1,288
	Prior year
			Balance at 1	Incoming	Resources	Transfers	Balance at 11
			April 2021	resources	expended		March 2022
			f'000	f'000	f'000	f'000	f'000
	Restricted funds
	Get involved		53	22	(31)	(6)	38
	RTYDS			15	(15)
	The British Counol			44			44
	Development	team		40	(6)		34
			53	121	(52)	(6)	116
	Unrestricted	funds
	Fixed assets	fund	575	500	(105)	88	1,058
	General fund		213	911	(829)	(82)	213
			788	1,411	(934)	6	1,271
	Total funds		841	1,532	(986)		1,387

Analysis of net asset	s between f	unds
		Unrestricted	Designated	Restricted	Total	Total
		funds	funds	funds
		2023	2023	2023	2023	2022
		E'000	E'000	E'000	E'000	E'000
Fund balances at 31	March
2023 are represented	by:
Tangible assets			998		998	1,058
Current assets/(liabilities)		324			372	459
Long term liabilities		(93)			(93)	(130)
		231	998		1,277	1,387

23	Ultimate controlling party
	TFAT is controlled by its trustees,
24	Cash generated from operations			2023	2022
				F.'000	E'000
	(Deficit)/surpus for the year			(110)	546
	Adjustments for:
	Depreciation and impairment oftangible	fixed assets		95	100
	Movements in working capital:
	(Increase) in stocks			(1)	(2)
	Decrease/(increase) in debtors			4	(45)
	Increase in creditors			39	14
	Cash generated from operations			27	613
25	Analysis ofchanges in net funds
			At 1April 2022	Cash flows	At 31March 2023
			E'000	E'000	E'000
	Cash at bank and in hand		658	(45)	613
	Loans falling due within one year		(37)		(37)
	Loans falling due after more than one year		(130)	37	(93)
			491	(8)	483