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|||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|
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|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|||
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||||||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|
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|||||||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|
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|||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|
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|||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|
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|||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|||||
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|