TIATA FAHODZI LIMITED (A COMPANY LIMrrED BY GUARANTEE AND HAVING NO SHARE CAPITAL) REPORT AND FINANCIAL STATEMENTS 31ST MARCH 2021 REGISTERED NUMBER: 03440596 CHARITY NUMBER: 1108416 Frank La¢hman Chartered Accountant & Registered Auditor 16B North End Road Golders Green LONDON NW117PH '4AJHNKOY* 1611212021 COMPANIES HOUSE A19 #177 TIATA FAHODZI UMITEO IA COMPANY UPAtTED BY GUARApifEE AND HAVING NO SHARE CAPITAL) FINANCIAL STATEMENTS for th• y•ar •nd•d 31st March 2021 CONTENTS L•gal & Admlnlstratfv• Information R•port of the Commlttee ￿ Man•gement lndyndent •xamlnerfs report to the meml*rs Stat•m•nt of flnanclal 10 Balanc• sh••t 11 Notss to th• finan¢lal slalwn•nts 12-14 TIATA FAHODZI UMITED (A COMPANY UMITED BY GUARANTEE AND HAVING NO SH*RE CAPITAL) LEGAL AND ￿)mINIsTRATIVe INFO￿TIoN Company R•glst•r•d Numb•r 03440VJ6 Registernd Charlty Numb•r 1108416 Regl$l•ff•d Offi 16b North End R¢)ad Gold•rs Gmn Lond¢)n Examlner Frank Lachman Chart•r•d Ac¢ounlant 16B North End Road Golders Gmn London NW117PH Dlredorn and TN$tees Mr E Kemp Ms M Mkandawlr• Ms S J Rawllngs Ms E Wesl Ms D Sawyerr Appolnted 15th M•rch 2021 Patrons Jocelyn Jee E•i•n Lenny Henry J•nny Jul•s Hugh Quarsh Danny Sapanl Bank•rs TS8 8•nk 40 Hlgh Street Wafford WD17 2BS Page 1 TIATA FAHODZI LIAffTED (A COMPAKf UMITED BY GUARANTEE AND HAVING NO SHARE ¢￿ITALI DIRECTORS. AND TRUSTEES. REPORT for th• yw •nd•d 31st IA•r¢kn 2021 Report ofth• Trust¢as Thè trusttes pr•sènl thetr wort fin￿￿81 *atun&)ts for JweThJiThJ 31st fvlafth 2021. The Stxtulw inftirmthn on p•g• 1 part of this ROWL Structure, 90￿MoTh¢e and Mar￿gement The Charity was incorporat•d ihe Compaws 1985 a5 a tur)p￿ *nit•d by 9uara)t•• on 261h S•pt•mbw 1997, and its oble¢ls and re9ulations are govgmed by tts MerrKryidwn aThJ AAtides ofA$S￿latiw. Company number 3440596 The guarantees ol indNidual memb•rs are f*rnttd to £1. ￿ Cryany is a rn9istsrnd tharity. Char•ty numb•r 1108416 Th• CoM￿nY dlrxtm ¢h*Uy *$ of IA#reh 31st 2021 Mr E K8mp Ms S J Ra*lngs M¥ EWeBt Ms M Mkarkla*ir Ms D T Sa%%ywT The charvJes In company d11eclc￿ are sl¥yhfft page 1 to ljwe ￿c{￿ts. DSr•¢tors' r•$ponsknllitl•s Company Law vthich is also applcable lo dwiloljlg Ixrywies in EThJlaThl arxl Walgs roquirgs Ihg dwedtys. are 4lso tru5t88s of lh8 comp8ny, to pTrpare financial 51atem8nts for eath fI￿claI yyar *thich 3 Iwue and fair view of the state of aff•rs tmthe curwny and res￿ of conwry ts that ￿0d. In weparlng Ihose f4wicW statements. the dlrectornlnJstees reyed to: observe Ihe ftwlhods winciF4es in ihe Charths SORP. ake judgements and acCO￿ting eslimale5 that are reasonat>le and W￿,. state vthether appficat4t UK atLtsJntiw¥J star¥Jards havt been fdb)N*d, subject to *)y departures disclos8d and explained in the finanraal statements., prepare the financial slat8m8nts on the gtxffJ basis unlèss it is to that Ihè r•)M￿nY %511 continue in business. al any lin* the finanoal posits￿ of Ihe company and lo enable lo enswe that fThnryal ststern?nts coM￿Y th thè Ccffjpanies Act They are a150 res[￿$S￿￿e for safeguarding lh8 a5set5 of the Cornp￿ and honc• lor tskin9 reasona￿6 steps for the prnent￿ aThl deled￿n of fra￿1 and other ¥rewlarilies. Dls¢losurn ol lnfoftha￿￿n to •xam5nor So far as each director at Ihe date ol aFvoval ol th¢ W is wwe: I￿re is M reltvani audit infumation of*lKh th¢ e￿nIner is unawm: the directors have taken all steps Ihat they ought to hav• kk•n kn makè •*A• of ￿ rnl•v* I￿￿rnall0n and lo estsblish that the auditors arn of ihat infthinth. PrIncI￿1 acuvlty and ¢harllabl• (tycts To a(harKe gthKalion for the puNic t￿efft tythe offv arts. In ixjt not eX￿9¥dY the art of thama. Membershlp The membership ofthe organi8ation is lirnited to board MwTr￿ (￿ty. The ￿Then1 rnember¥hip clthe c3)rnpany i¥ the company directorslcharity tsustees as kstsd abjvo. Al diredots are memb8f5 of the o)mpany and guarantee to lo the 8¥sels of the ￿mPanY in ￿ ev￿1 of il bgir und up such amcxJnts as may bo wwrtd not exc•edwu t1. Publ1¢ b•n•fft ID shaping the Charity. the tntstees ha¥• C*msth1tr￿ Ihè Chariy Cc•))bThSS￿S Guttlan￿ on pubk benefiL 1S8dion 4 ch¥1￿9$ Ad 20061. Pap2 TIATA FAHODZI UMITED (A COMPANY LIMITEO 8Y GUARANTEE APID HAVING NO SH&RE CAPITAL) DIRECTORS. AND TRUSTEES. REPORT {Mntinu•d fortho >•ar •nd•d 31st M•r¢h 2021 The Iwslees con$id•r that it 1$ apwopnate to prepare these accounts on a ￿n9 concern ba$i$. They We ¢onfthnt that th8 ¢harity ￿11 be able to continue for at kasl 12 rnontlKs from the dale of thi$ rewt L•g•l and admlnlslrathrn d•tails R•gl$t•f•d Offi 16b North End Road. Lormlon NW117PH Prof•sslonal AdvSsors Frank S La¢hm•n FCA. 16b North End Road. G¢￿derS Green. L￿￿kIn NW117PH. 8onk•rn TS8 Bank, 40 High Stree( Walford WD17 26S. The aC￿￿￿ts compty with the current 31althy requirermftts and TM¢h Ihe MeMOr*￿um and Artides of Association datsd 3rd Mar¢h 2C#)S. Manag•m•rt Staffing The Charity is run by the Ar￿$t1¢ Dir¢¢tor & CEO 90¥w￿d by the Boa￿ ol Tntstees t1•1￿ are *50 DiTe¢kn ￿￿ler r￿MpanY law. Jkn'stic Director & CEO Exe¢utiv¢ Dire¢tor Finance Manager oirice M¥na9¢r Friendship Producer VISION & MISSION Vlslon liats f8hc•Jzi makes theatre Ihat looks around fcN)ks fOThr￿d. ¥•ilh a nNssion to tell contefflrxnry slorios in swprisin9 and innovative ways. We aim lo celeiyats and thamp￿n aThJ tr•thes an experier￿ ofwhat it ¢s to be of Brilish Afn"¢an hw"Llag• in Ihe 8ntain of today. We bd*ve thal it is possitAe to see oursefve5 ￿ our lull ¢ompl¢xTrty and ￿y. Mi$$ion tiots fahodzi is an ambitious and generous ojmpany thot Str￿￿$ to be an engine and a home lor many of the conversat￿n5 thal artists. and Communities from a Britsh African Iwitage wdnt to have. We believe our work ¢￿tributeS and leads towards an Arts and Culbjral ecobgy in P4rtsin where everyone feels invil¢d and *l¢£rfne to parlicipale. aThJ Iheatr• *#lusty thal 1$ a mor¢ tyfi•￿￿ and indusFV• rlace ILY evuJu*. REVIEW OF THE YE￿1 Programm• The current oper8ling mcxlel fu much of ihe theatre industy was destroyed by Ihe sudden dosure of •H theatres in M¥reh and. olong$ide our par1ner Organi￿tionS arvj freelance cdlea9ues. b.ats f*Kth" felt the impad of the pandemic keenly. TIATA FAHODZI LIMITED IA COMPANY LIMrtED BY GUAJW4TEE ANO HAVING NO SPIARE CAPtrAL) OIRECTORS. AND TRUSTEES. REPORT l¢ontinu•d) for th• •nd•d 31st March 2021 Th* ¢vents leading up to and surrourKling Ihe Black Lives Matter wotests in ￿ summer ￿al￿d a lurther burden on Ihe companls shouldejs as il sought 1¢ b• a r¢s(w¢o * a Pl￿ of s*ty fty thc68 struWin9 with thè imw of t￿se events and their 8ft8rrn8th. In March 2020 the company was forced to cancel ts remairthr of the tour of $60ds whicti h8d b¢en du& to fun on Into 2020121. However, wt fortunate that this nol have a fina￿481 impxt as the pwlnw venue honwed Iheirfees. For our part. ¢AJring Ihè yèar we agreed to horthr the eontracis with an freelan(￿S we l￿d engaged. As we put on hold plans bolh for prOd[￿l￿)n$ and for R&D processes schedukd for 20%)r21. ￿ worked collabcyativdy with partners to navigat¥ the complexibes of carttl￿ and commFssions. As longer able to proyess plans INe events. ￿ bjmgj kn other oullets. and in 2020r21 V•t produced a programmo of ti•ta Int•mntlons. Following the cancellations of th)Jsands of sh(rws and contraL*s. V•P launcw our first f(xmal tiats intervention as a way to support the sector. Frorn April to September, we offered we gotyou hardship to ¢bsv¢n Afri¢an herit￿ *lists., th award5 of £250 each wènt to aitists in immedrate and extreme financial distress to hdp them suryive the initial months of lockduwn. Our next inleThention was in *Al¢enr￿ er8agernert as ￿ invested in ￿rfriendshiP mrAlel. Wo had ¢ngagsd a freolarKw to rAan o ol wg498menl the smds tour arkl a woiect lo celebrale our friendship with Wafford. As the COV1[￿19 lockdown frustrated that the freelancer urKJertrAJk an ov•1￿￿On of th¢ past ar's woth and dKI som• re￿1¢h to supw>rt fulure IAla inteThenknns audienc* devek)wnenL In the first quarter of 2020121 erwJa9td Communty through a series of tknjs wlith celèbrated Bn"tish African gr￿s￿ and provided atfvocacy for the theatre sectiff. speuri￿11Y freelancws. The blr43 covered a diverne rarse of svbpcts. indudin9 the Indian diaspor¥ in East Afn"ea. what rt means to travel Inde￿n￿￿￿ as a Black I￿*7)xn in Ewope today. and how immigration affects (yJllural KIW￿ty. Throughout the yearwe vme pywctively invofved in a Tange of COV1[￿19 iThJu5ty suppyt task groups. liala fahod was part of the freelan¢e ts$klty¢e. 8 9roup of 138 organisations pledging their wmmrtment lo freelancers. As part of that commitment the company sponsored hvo freelancer5 toic¥n the fredan(* ta5kforce: Makn'lda Ibini is a pJaYh￿ght and screenvrriler from Lon￿. Credits indude.. The Unexpected Expert (Headlong. Century Films & BBC Four), Litue MI￿ Burden (Bunker The*el. Thg Gr•w Thal Roll￿ Under Th$ Fridgs (BBC Radio 31. Cholco and Conlml (Ohj Vic Theatre). AIuscov8do (Tl*atre503 UK t￿r}. Xana is a S￿nd deS￿ner/arttSt live Icy)p musicran. composer. perf￿rner. theatre maker and F*Xt. has *rffked on critically acclaimed theatre Sho￿ aFKI thè w(wld. In August we launched our digila woduclron of good dog. ¥thich had had a successfijl I￿Jr in 2019. This was launched on YouTubg, 8nd to d810 has had over 4.1CKJ views. During the ￿ we aL80 cornm￿10ned a programme of d¥Jitsl mlsslng seori•s by TBC. made by N&)mi Songy¢-TtrKffiW' all of me Is •￿eStOr. by Beth m￿r￿le. th• bl•sslng of th• MOth•rtoftq￿. by Chant¢lkn Yet*)ah; •st 1997. Iri•ndship mod•l. & our work s• tar. by Naomi SongTrTh0 say our nam•. by Natal￿ I￿. made by Naorni SoneTrThomas. TIATA FAHODZI LIPAITED (A COMPANY UMrrED BY GUARANTEE AND HAVING NO SHARE CAprrAL) DIRECTORS. AND TRUSTEES. REPORT Icontlnu•dl far th• y•ar •nd•d 31st March 2021 Gov?manc•lManag•m•nt Tho Board met formalty each quarter throughoul Ihe ypar, Thlth full boord meetings supported bya fin￿ce group which scrudnised Ihe financlal rnanaggment of the company. Nalalle Ibu. the compan￿$ CEOlAr1￿1￿ Oyectcy Wt in September 2020 aft¥ six yea￿. tenure. to take up the rolè ofArti8 Director at Northem Stsge. In Nov8mber 2020 the Board engaged the seNces of a part4me Interim Ex8()Jlve Dlrector to oversee the transiiion period towards 8 new leadership. H8r brtef was to manag8 Ihe recruitment of the new CEO. a process of addltional twstee recrullmenl. and the appointmenl of 8 permonenl Executr¥e Diredor. In Marth 2021 the Twstses ￿re delighted to ap￿int chwKff￿reM Chjwnba a5 the CEOIArtistiG Director designate of tiata fahodx. Chinonyerem Odimba is a Nigerian Brilish playwright. Screen￿lIer. and pc*t. Her recent work ranges from Medea at Brislol Old Wic. to We Too Am Giants lor Kiln Theatre. unkno￿ at Hampstead Theatro, Prince and Iho Paupw ot Walem)ill Theatre. The Seven Ages ofP8fyence al Kiln Theatre. and Princess & The Hustler wthich toured across the UK for Edlpse Theatre. Bristol Old VK and Hull T￿￿. In March 2021 Dgborah was apwinknj as CTrCh•ir dosign8t8. *)èad of tho fulkscale TrLtstag recwitment planned for 2021122. FINANCI￿ REWEW tiala fahodzi ig part of Arts Councll England's Nalioftal Porlfolio I￿ganiSat￿)nS {NPOI. The original threepyear core fundlng. programme ran until March 2021, and in I￿￿ of COV1￿19. ACE announ¢ed a orbe-year extension for the financial year 2022123. Funding agreements lor the extenston y2ar wll te negotiated in earty 2022. Applicatio￿ for the n8xi three-year NPO funding round wiu also open in earfy 2022. The ￿rnpanY has good historic relationships several supporters.. hcwever. duriry this ￿ar there was no stsffing capacty lo be able to submit application5 or to bjild new f￿XI¥Y￿ ofatknships. 11 is a prw)rity tha (￿ganisat￿￿ lo dedbcate resourc to thls in 2021122. After the Cancellation of the $8¢ds iour. th8 compary contsct8d both the Fofv Foundation and The Garrfick Twst sTharing tho outcomes of the work so far. both fvnders were Satisf￿ funds had been spent on the allocated actNity and full funding was $ubsequenlty receNed. As highltghte¢J abovo. the company was unable to pmduce Ilwtre. and to digital ongagement of its artists and audiences. Natalle Ibu left the role of the compan￿$ CEO In Septsmber 2020 and vras not rnplaced until the next )InanrAal yEar. A part- time interim Ex8culiv8 Director role operated from November 2020 to Maro* 2021. The ramalning $taff op8r*ed on reduced hours and on pafbal furtough. In Ivjht of the national k¥ckdown, the company gave up Its Off￿$ in August 2020 and the t4¥0 Staff membets have knrrked remotety since than. Given the increase in digiL4 W over th8 >Yar. thg cA)nyny ThTstod in an upgrade of its V•*t*ite. Overall. Incorne was reduced from £350K in 2019r20 to £218K kn 2020121. This was offset by a reduclion in costs of over £200K due to lockdown, Ihe S￿l¢h to digitsl *Drk and the absence of a CEO. The reduced spend on artistic programme and stsffing enabled the ￿rnPany to increase the general reserves. This reserve provides a foundation for the work ol the inojming CEO in gearing the c¢ynpany back up to full 0￿rat￿)n. Page 5 nATA FAHODZI UPAtrED {A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL) DIRECTORS. AND TRUSTEES. REPORT Icontinwd) for Ihe year •nd¢3y. tiata fahodzi wll ￿ntinUe to seNe erilish African heritage artists. audiences communl*s and to prowde an exciting programme of artistic and socially impactful work. The Tntstees are partiojkrty h)oking fO￿ard to seeing how its new global majorty leadership team will impact and contribute to what theatre in UK Can arK1 should be in the future. Approved by the board on 12 Novtynber ￿21 and stgned on thew beh*f by Ms M Mkandawire Direclor Page 6 TIATA FAHODZI LIMITED (A COMPANY LIMtTED BY GUARANTEE AND HAVING NO SHARE CAPITAL) DIRECTORS. AND TRUSTEES. REPORT (￿ntInued) for th• ￿ar •ndod 31st •Aaff¢h 2021 Ind•p•nd•nt Examln•rfs R•port on th• A¢¢ounts I report to the charoty Irustses on my examlnalion ofth& acc(wnts ofthe company for the swr ended 31st March 2021 which are set out ￿ pages 8 to 12. Respons￿lIrtIeS andbasis ofrnport As the ¢harWs trustees of the company {arwJ *A> its drectt)rs for the pu￿0$85 of ¢ompary law} are responsibl8 for the prepar8tK¥n of the accounts in accordance with the requThments of the Compani95 Ac¢ 2006 Ilh8 2006 Act'}. Havlng satSsfi8d myaey that tho accounts ofthe Comp￿ we rnt required to b8 a￿lited under Part 16 of tho 2006 Act and are eligible for independent examination. I report in respect of my examination of yDur charitys accounts as carrbed out under section 145 of the Charits'es Act 2011 (the '2011 Act'l. In car￿￿ oul my examinatw I havo foll0v￿d the Direct￿n$ given by the Charity CommiS￿On under sedk)n 145ISXbl ol the 2011 Act Indgpendent examiners reK Slnce the compan￿$ gross income exceeded £250.000 examiner must be a member of a body fisted in sectlon 145 of th9 2011 A¢1. I confim thal l am qualified to undertakg the examinalKm be￿USe l am a membgr ol the Inslitule of Chartered Accountsnts in England & Wales, Is one of the f*lod bcKIigs. I have 0)M￿ated my exarninati￿. I confirm that no matters have o)me to my altention in connection wth the eXamina￿n givlng me cause lo believe.. {11 acc￿￿ting recofds were rM)t kept in respect of the CAjllP￿ as requyed by section 386 of the 2￿6 Act: c* {2) the accounts do rv)t aGcord v*ith those acco￿1￿￿ reoxds" or (3) the accounts do not ￿mpty the a¢¢ounting wu1￿Ments of se¢lh)n 396 of the 2006 Acl other than any requirement thal Ihe accounts give a 'true and fairf view is nol a matter considered as part of an indepondgnl examinatKin; or 14) the accounts hav8 not been prepar8d Sn ac¢tydance *ith the moth0(ts 8Th1 prirryl8s of the Statement of Recommended pradtc¢ for a¢¢ounting and r¢porbng by ¢haribes applicable to ¢harittfjs preparing their accounts in accordance ￿th Financlal Rewrting Stsndard appl￿ble in the UK arKI Republic of Ireland (FRS 102}. have no concerns and have come auoss no other matlers in connection with the exarnina￿n to whtch attenkn shO￿d be drawn in this rewrt in order to enable a proper Unde￿tandIng of the accounts to be reached. Frank S Lachman Chartered Accountant Independent Examinor 16b North EThJ Road London NW117PH Page 7 TIATA FAHODZI UPAITED IA COMPAP4Y LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL} STATEMENT OF FINANCIAL ACTMTIES Includlng INCOME AND EXPENDITURE ACCOUNT for th• y••r ond•d 31$1 M•r¢h 2021 Total Funds R•str•cted Unr•strOct•d 2020 Funds Funds Funth R•strict•d D•signated Unrestricted 2021 Funds Funds Fwds Incam• from: - Logaclos and donatlons 218.798 218.798 210.cw 210.0 Charltable actlvltl•s 97.300 43,529 140,829 218 798 218 798 253.529 350.829 Exp•ndltur• on: Ch¥rllable ￿1vIty Costs 116.717 116.717 144.645 201,116 345.761 116.717 116.717 144.645 201 116 345 761 N•t Incom•l(•xp•ndituv•l 102.081 102.081 (47.345) 52A13 S.068 Total Funds broughl forward 128.9)0 128.9LYI 47,345 76,487 123,832 Transf•rs 150.0(KI 1150,(KM)} Total Funds ¢arrl•d forward 10 150.000 80.981 230.981 128.900 128.900 The n¢)tes on pag•s 10 to 12 fonn part of th•s• ac¢ounts. Page 8 TIATA FAHODZI UPAITED (A COmP￿y UMITED BY GUARANTEE A HAVING NO SHARE CAPITALI BAL￿IcE SHEET AS AT 31st IIARCH 2021 2021 2020 Tangibl• Fix•d A¥$•ts Current ¥8sets Oeblors Cash at bank and in hand 45.128 97.899 237.572 r37,572 143,027 Cr•dttors: amounts falling due within one year 6.591 14.127 N•t Gurront (liablllll•sy ass•ts 230,981 128,900 Total ass•ts l•ss curr•nt liabiliti•s 230.981 128,900 Funds R•venu• 10 230.981 128.900 For the year ended 31 March 2021 company T*as enlit*d to exwfipti￿ under sectK)n 47712) of the Companies Act 2006. No members have required the (ximpany to ot)18in an audlt of ts arxounts for the Jtar in qwtstion in accor¢lan¢e section 476 of the Ccffjpan￿ 20￿. The directors ackncA¥ledge their r8sportsibility for. i. ensuring the ￿MpanY keeps accr￿nI1ng re￿￿1$ vthich ¢CAnpty7Mth sectlcm) 386., and ii. preparing accounts wthrch gNe a true and fair view of the stale of affairs of the company as al the end of the financial year and of its profrt and loss for the finanaal year in accordance with the section 393. and whlch otherwse compty with the requIrem￿ts ofthe C￿￿panIeS A¢1 rek41ing to accounts. $0 far as applUb￿ to thè company. Thg accounts have been prepared in accordan(* wilh the special Pfovisiorts in Part 15 applicab￿ to companies subj'ect to the small ￿mpanIeS. Tegime urKler COmpan￿S Act 2006 and constitute thè annual accounts required by the Cornpanies 201￿ and are for cIr￿latIon to members of the ClNnpany. Approved bythe board on Kl ¥ign•J on t*hal by M Mkandav•ire 12 NoY8mb8r 2021 Director Page 9 TIATA FAHODZI LIMITED (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL NOTES TO THE FIPIANCIAL STATEMENTS for th• >••rto 31•t M•rch 2021 1 Accountlng pollcles lal Fln¥n¢lo1 Statsm•nts The fmancial stslements have bggn prewgd in accordance *ith AtrAunling and ty Chorities: Statement of Recommended Practice ap￿1¢a￿e to charities pffjparitYJ their accounts in accordance with the Financial Reporting Stsn¢Jard appIl￿ble in the UK and Republic of Irgknd IFRS 1021 (Qff￿tive 1 January 20191- (Charities SORP {FRS 10211, the Financial Reporbng Slandar(l appllcabl8 in the UK and Republic of I￿land IFRS 102) 8nd the Companies Ad 2006. Tiata FahOd￿ Limited meels the definition of a pU￿1C benefrt enlty under FRS 102. Assets and liabilibes are initialty recognised 8t historical i))st or tr8nsactk)n vahje unlgss otherwise slated in the relevant 8ccountirwJ w)li¢y notes. 111) Tanglbl• Flxed Assets 0opre¢iatkin L% calculaled lo vnile the cost knss estimated residual of assets tythe reducing balance method over their expectsd USeft￿ Ilves at the fol(y*lng rates. Furnlure, fixtures eqU*￿ent Computer equipment 25% on red￿1￿ balan(* 11111 Income Incom8 deriv8d from cO•pmdUc￿n agreements. perforniarK¢ fees •MI other sal8s is cr8dited to the Slatement of Financlal Affairs (SOFA) in the p8wd to whbch fL relates on the basis of enlillemenl- excluding value addod lax. Grants an¢J ¢Jonations re￿$tAl amunts from individuals. twsts and otherfurHling bodies and are credited to the SOFA in the yBar in vthich they are expended. (Iv) Eyndltur• l expenditure is accounted for on an accruals basis exduding value added tax. Costs are allocated to a category in the SOFA either because such costs are directy incurred in relatton to such category, or becaus8 they ar8 SUPPOrt costs in respect of wh￿h an app)rt'ronment has been made bèh¥8en the SOFA cat8gorfe$. Supp¢yt ¢osts ¢onsist of infrastructure Costs for salarie$. premtse$. offic¢ adminlstratw)n. Su¢h costs are apportioned on a reasonable and consistent basL8 to the various SOFA categorie5 with 8 View to delerniining. as accuralely as possible, the total resource5 expended for each Category. The basis of apportionment used is eTther a function of slaff lime applied to a gNen activity. or an estimate of the pmpcrftion of costs asso(xated V•ith the same. or a u)mbinalK)n of both. Oirect and Support costs arg separatety shown by naturd dassiful*)n in Nole 5 to these accounts for each SOFA category of ¢osl. Unrnstrict•d 2021 Unr•strlcted 2020 2 Grants and Donatlons Grants for Gen•ral Runnlng Costs - Arts Council England Donallons 210.0 210,000 210.ODO 210.000 3 Charltabl¢ A¢tNIIi0s R•strict•d Unv•strlcted Funds Funds Restrlctod Unrnstricted Funds Funds 2021 2020 Project Grants and Incom• Arts Council En￿arK1- Suslained Theatre Fund Wrosled Veil Camts Trust Leeds pla￿oUse Fo￿8 Foundation Ger￿k Charitabl8 Trust Theatre Tax Relief Earned and other In￿￿0 213.864 213.864 36.678 27.¢XKI 36,678 27.000 5.000 11.122 15,000 15.000 2.500 18,999 24,530 40,829 18,999 24,530 4.934 18,798 4.934 218.798 97.300 P￿0 10 TIATA FAHODZI LIMITED (A COMPANY UMITED BY GUARANTEE ￿40 HAVING NO SHARE CAprrAL NOTES TO FINANCIAL 3TATEMEKfs for thg Jwr •￿I•d 31st Maf¢h 2021 l¢orfd) 4 Analysb of Charltable Actlvlty Costs RestrlGt•d Unr•strlct•d 2021 R•slrfct•d Unr•slrlct•d 2020 Artistic Directorfs fees Production costs Support Costs {Note 5) G0veMan￿ costs (Note S) 23.801 20,374 69.705 2.837 23.801 20.374 69.705 2.837 46.228 187,365 109,437 2.733 144,645 42,720 109.437 2.733 116.717 116.717 144.645 201.116 345,761 Support Govem•nee Costs Costs Support Govemance 2021 Co Costs S An¥lysl$ of Support and Gov•rnanc• costs Other Staff Sala￿ (plus total ernphJ￿es National Ir￿Vrance) other stsff costs (including pgn$ion$) and freelance Rent. rat8s. water and storage Insuranco Travel. ac¢ommodath)n and subsstence Premises relocation oirice overhead5 and move cAJsts Printing. postsge. wrief and staticThry Telephone and internel Websrte hosting and devek)pment Computer upgrade and repairs Consumable equipment Resfja￿h expenses Development and Fundraising Hospitality Legal and Consultarw fees Recnjitment and training Licences. memberships and SL*Jscripti Exarninerfs remuneration Bank charges and other fees 17.272 17.272 22,553 17.040 3.810 1.079 17.040 45.026 3.810 13.430 1.079 1,022 3.214 45.026 13,430 1.022 3,214 3,029 1.031 1242 354 13,161 2,421 580 3.029 1.031 1.242 30 2,453 425 30 2,453 425 3,360 2,193 1.008 748 3.200 1.204 13.161 2.421 2.193 748 3.250 3.250 3,484 1,952 2.200 637 13 4,721 4.850 4.721 4,850 2.250 470 221)0 637 2.250 470 69.705 2.837 72.542 109.437 2.733 112,170 There were no emplojw wilh emoluments above £60.WO in the yaar. (2020- rwie) During the year thwe **re 4 employtes. {2020: 4) 6 Dlrectorn and trustees. Int•rnsts During the year, none of the trustees receNed any remU￿rat￿￿ from the tr￿¢ and no expenses were paid lor or reimbursed to any of them. Page 11 TIATA FAHODZI UIAITED (A COMPANY LIIAITED BY GUARMITEE AND HAVING NO SHARE ¢APITAL) NOTES TO THE FWIANCIAL STATEIIEMTS forth• y4•r •nded 31st 2021 Furnltsr•, trlttlng$ & Cofflput•r •quipment Equlpm•nt 7 Tanglblo Flxed ABsets Tot•1 Cosl As at 31st Mwch 2020 Addit￿nSIdIsp0SaIS in yaar As at 31st March 2021 5.211 6.210 5211 6,210 Depre¢latlon As at 31st March 2020 Charge for year 5.211 6.210 As at 31st March 2021 5,211 6,210 N•t B¢ok Valu• As at 31st March 2021 As a¢ 31st M•r¢h 2020 8 D¢btoffs 2021 2020 Trade debtors Accrued Income 30.415 14,713 45.128 g Credllorn: amounts due Twlthln on• y•ar 2021 2020 Trade crediloTS Taxes and other credilors Accwa15 11,135 742 2.250 6.591 6.591 14,127 10 Ro¢on¢lllatlon of mov•m•nts In members fvnds t>•slgnal•d Unr•strkt•d 2021 2020 Income 218.798 218.798 350,829 Expenditure (116.7171 (116,7171 1345,7611 Op8ning funds 128.9 128.9¢XI 123.832 Transfers 150.0 (150.LMJ)I 150.000 80,981 128 900 The above funds are rewesenled by net ¢Lwrent assets Page 12