2022-03-31-accounts - Team Collective Cymru Charity

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			Page
Report ofthe	Trustees		1 to23
Report ofthe	Independent Auditors		24 to 26
Consolidated	Statement of Financial	Activities	27
Consolidated	and Charity Balance Sheets		28
Cash Flow Statement			29
Notes to the	Cash Flow Statement		30
Notes to the	Financial Statements		31 to49

							2022	2021
					Unrestricted	Restricted	Total funds	Total funds
					funds	funds
				Notes
INCOME AND ENDOWMENTS		FROM
Donations and legacies Charitable activities				3 5	1,664,735		1,664,735	1,712,487
Promoting, maintaining,	improving		and advancing
education					346,582	3,204,599	3,551,181	332,641
Investment income					113		113	259
Total					2,011,430	3,204,599	5,216,029	2,045,387
EXPENDITURE ON
Raising funds				7	851		851	771
Charitable activities				8
Promoting, maintaining,	improving		and advancing
education					1,996,634	1,695,840	3,692,474	1,677,649
Total					1,997,485	1,695,840	3,693,325	1,678,420
NET INCOME/(EXPENDITURE)					13,945	1,508,759	1,522,704	366,967
Transfers between funds
Net movement in funds					13,945	1,508,?59	1,522,704	366,967
RECONCILIATION OF FUNDS
Total funds brought forward					806,304	116,271	922,575	555,608
TOTAL FUNDS CARRIED FORWARD					820,249	1,625,030	2,445,279	922,575

					Group			Charity
				2022	2021	2022		2021
			Notes
FIXEDASSETS
Tangible assets Investments			16 17	6,680	8,880	6,680 'I		8,880 1
				6,680	8,880	6,681		8,881
CURRENT ASSETS
Debtors: amounts Cash at bank	falling due within one year		18	376,833 2,768,845	198,991 1,053591	376,883 2,7M,845		198,991 1,053.591
				3,145,678	1,252,582	3,145,678		1,252,582
CREDITORS
Amounts falling due		within one year	19	(707,079)	(338,887)	(707,080)		(338,888)
NET CURRENT ASSETS/(UABILITIES}				2,438,599	913,695	2,438,598		913,694
TOTAL ASSETS	LESSCURRENT LIABIUTIES			2,445,279	922,575	2,445,279		922,575
NETASSETS				2,445,279	922,575	2445279	,	,922,575
FUNDS			21
Unrestricted funds:
(Including designated		funds)		820,249	806,304	820,249		806,304
Restricted funds				1,625,030	116,271	1,625,030		116,271
NETASSETS				2,445,279	922.575	2,445,279		922,575

					2022	2021
				Notes		F
Cash flows from operating	activities:
Cash generated from operations					1,718,801	662,377
Net cash provided by (used in) operating
activities					1,718,801	662,377
Cash flows from investing	activities:
Purchase oftangible fixed assets Sale oftangible fixed assets					(4,002) 342	(1,349)
Interest received					113	259
Net cash provided by (used in) investing activities					~3,347)	~1,000)
Change in cash and cash equivalents		in the
reporting period Cash and cash equivalents	at the beginning		of		1,715,254	661,287
the reporting period					1,053,591	392,304
Cash and cash equivalents	at the end	ofthe
reporting period					2,768,845	1,053,591

RECONCILIATION OF NET I ACTIVITIES	NCOME/(E	XPENDITURE) TO NET CASH	FLOW FROM	OPERATING
			2022	2021
				f
Net income/(expenditure) for the offinancial activities) Adjustments for:	reporting	period (as per the statement	1,522,704	366,967
Depreciation charges Interest received Theatre tax relief claim —movement Decrease/(increase) in debtors (Decrease)/increase in creditors	in debtor		5,860 (113) (147,467) (30,375) 368,192	6,513 (259) 52,707 147,675 88,774
Net cash provided by (used in) operating		activities	1,718,801	662,377

ANALYSIS OF CHANGES IN NET FUNDS
	At 1/4/21	Cash flow	At 31/3/22
	E	F
Net cash
Cash at bank and in hand	1,053,591	1,715,254	2,768,845
Total	1,053,591	1,715,254	2,768,845

economic		life ofthe asset as follows:			,
Fixtures	8	fittings	-	25%	straight	line
Computer		equipment	-	33%	straight	line

Grants received, included in the above	, are as follows:
		2022	2021
Paul Hamlyn Foundation		91,370	99,795
British Council —Go Digital Battersea Arts Centre - The Agency		8,000	49,520
Andrew Lloyd Webber Foundation Theatre Granit- Creative Europe The Bluestone Foundation Pembrokeshire Association ofVoluntary People's Palace Projects Welsh Government- Communications	Services Strategy	18,600 10,000	6,000 12,870 2,500 1,000 8,000
John Eflerman Foundation		40,000
		167,970	179,685

										Direct Costs	Support
										(see note	costs (see
										9)f	note 10) f	Totals f
	Promoting,		maintaining,		improving		and
	advancing		education							3,161,796	530,678	3,692,474
9.	DIRECT	COSTS OF CHARITABLE ACTIVITIES
											2022	2021
											f
	Staff costs Creative and artistic activities										1,096,498 1,929,626	748,488 470,429
	Marketing	costs									127,951	62,355
	Recruitment		costs								7,721	8,064
											3,161,796	1,289,336
10.	SUPPORT		COSTS
											Governance
							Staff	costs f	Other costs f	Depreciation f	costs f	Totals f
	Promoting,		maintaining,
	improving	and advancing
	education						363,682		110,738	5,860	50,398	530,678
11.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)				is stated		after	charging/(crediting):
											2022f	2021f
	Auditors' Auditors'	remuneration remuneration		for non-audit			work				5,820 990	5,902 1,350
	Depreciation		-owned assets								5,860	6,513
2.	GRANTS	PAYABLE
											2022	2021f
	Promoting,		maintaining,	improving		and advancing			education			13,500
	The total grants paid to			individuals		during		the year	was as follows:
											2022f	2021f
	General											13,500

						2022		2021
						F		E
Employee	costs during the year
Wages and	salaries					1,288,610		827,582
Employer's	National	Insurance	contributions			113,920		71,202
Pension costs						57,650		35,010
						1,460,180		933,794
						2022		2021
Number of	persons	employed
Permanent	staff					30		22
Temporary	production	staff				3		1
						33		23
The number of employees whose emoluments, 860,000 during the year were as follows:				as defined	for taxation	purposes, amounted	to	a rate of over
						2022		2021
260,001 - 270,000						1		1
F70,001 - F80,000 f80,001 -f90,000						1		1

					Unrestricted	Restricted	Total funds
					funds	funds
						E
INCOME AND ENDOWMENTS		FROM
Donations and legacies Charitable activities					1,712,437	50	1,712,487
Promoting, maintaining,	improving		and advancing	education	52,999	279,642	332,641
Investment income					259		259
Other income
Total					1,765,695	279,692	2,045,387
EXPENDITURE ON
Raising funds					771		771
Charitable activities
Promoting, maintaining,	improving		and advancing	education	1,372,267	305,382	1,677,649
Total					1,373,078	305,382	1,678,420
NET INCOME/(EXPENDITURE)					392,657	(25,690)	366,967
Transfers between funds					~24.289}	24,289
Net movement in funds					368,368	(1,401)	366,967
RECONCILIATION OF FUNDS
Total funds brought forward					437,936	117,672	555,608
TOTAL FUNDS CARRIED FORWARD					806,304	116,271	922,575

	Fixtures
	and	Computer
	fittings	equipment	Totals
	F	E	E
COST
At 1 April 2021	33,110	54,721	87,831
Additions Disposals		4,002 ~1,540)	4,002 ~1,540)
At 31 March 2022	33,110	57,183	90,293
DEPRECIATION
At 1 April 2021	32,107	46,844	78,951
Charge for year	719	5,141	5,860
Eliminated on disposal		~1,198)	~1,198)
At 31 March 2022	32,826	50,787	83,613
NET BOOK VALUE
At 31 March 2022		6,396	6,680
At 31 March 2021	1,003	7,877	8,880

			Group	Group	Charity	Charity
			2022	2021	2022	2021
Trade debtors Other debtors Accrued income Theatre tax relief recoverable Prepayments Amounts owed by group undertakings			144,299 43 18,536 194,269 19,686	930 10,107 46,802 141,152	144,299 43 18,536 19,686 194,269	E 930 10,107 141,152 46,802
			376,833	198,991	376,833	198,991
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
			Group 2022	Group 2021	Charity 2022	Charity 2021
			E		E
Trade creditors Social security and other VAT Other creditors Accruals Deferred income	taxes		49,528 35,950 358,455 62,546 151,627 48,973	61,027 16,991 19,560 5,579 57,235 178,495	49,528 35,950 358,455 62,547 151,627 48,973	61,027 16,991 19,560 5,580 57,235 178,495
			707,079	338,887	707,080	338,888
Included within deferred	income above is the following:
					2022	2021
Paul Hamlyn Foundation Festival 2022 Natural Resources Wales British Council —Go Digital					48,973	E 75,342 92,153 3,000 8,000
					48,973	178,495

Minimum	lease payments
		2022	2021
		E	F
Within one year		31,122	18,466
Between	one and five years	23,500	14,384
		54,622	32,850

				Net	Transfers
				movement	between	At
			At 1/4/21	in funds	funds	31/3/22
				F	E	E
Unrestricted funds
General fund			251,901	356,592	(324,687)	283,806
Designated fund Designated fund	- Fixed assets - TEAM		8,880 4,100	(5,860)	3,660	6,680 4,100
Designated fund	- Marketing		40,683	(7,956)	2?,500	60,227
Designated fund Designated fund Designated fund	- Core resilience - Creative Development - Office Improvements		12,947 62,195 2,458	(2,389) (34,011) (650)	(2,611) (1,487)	7,947 26,697 1,808
Designated fund	- Productions		316,822	(264,463)	178,286	230,645
Designated fund	- Organisational	review
changes			35,000			35,000
Designated fund Designated fund	- HR support - CEO support		5,746 2,750	(5,746) (2,750)
Designated fund	- Creative Development
posts Designated fund	- Creative Development		6,822	(6,822)	40,686	40,686
projects			6,000	(2,000)		4,000
Designated fund	—Springboard bursaries		50,000	(50,000)	32,210	32,210
Designated fund	—Festival 2022 Support
(Creative Associate)					33,443	33,443
Designated fund	—Young People's Strategy				13,000	13,000
Designated fund	—Reinventing Performing			40,000		40,000
Arts
Restricted funds			806,304	13,945		820,249
Paul Hamlyn Foundation Esmke Fairbaim Foundation			56,473 11,322	4,727 (10,532)		61,200 790
Arts Council Wales - Ocean Park Creative
Collaboration			1,064	(1,064)
National Companies Consultancy Project Battersea Arts Centre - The Agency			19,863 9,874	(12,281)		7,582 9,874
Big Lottery Fund	- Access Forum		2,330			2,330
Mametz real-time	digital lesson plans		2,356	(975)		1,381
Andrew Lloyd Webber Foundation-
Emerging Directors People's Palace Projects (Far Apart UK)			6,000 6,880	(2,000) 5,790		4,000 12,670
Bluestone Foundation/Little Green		Grant	109			109
Festival 2022 - Galwad				1,485,094		1,485,094
John Ellerman Foundation —Associate
Dramaturg Programme				40,000		40,000
			116,271	1,508,759		1,625,030
TOTAL FUNDS			922,575	1,522,704		2,445,279

Net movement in funds, included in the a	bove	are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
				F
Unrestricted funds
General fund			1,971,430	(1,614,838)	356,592
Designated fund - Fixed assets Designated fund - Marketing Designated fund - Core resilience Designated fund - Creative Development Designated fund - Office Improvements				(5,860) (7,956) (2,389) (34,011) (650)	(5,860) (7,956) (2,389) (34,011) (650)
Designated fund - Productions				(264,463)	(264,463)
Designated fund - HR support Designated fund - CEO support Designated fund - Creative Development Designated fund - Creative Development	posts projects			(5,746) (2,750) (6,822) (2,000)	(5,746) (2,750) (6,822) (2,000)
Designated fund - Springboard bursaries				(50,000)	(50,000)
Designated fund —Reinventing Performing	Arts		40,000		40,000
Restricted funds			2,011,430	(1,997,485)	13,945
Paul Hamlyn Foundation			91,370	(86,643)	4,727
Esmhe Fairbaim Foundation Arts Council Wales —Ocean Park Creative	Collaboration			(10,532) (1,064)	(10,532) (1,064)
National Companies Consultancy Project			4,500	(16,781)	(12,281)
Mametz real-time digital lesson plans Andrew Lloyd Webber Foundation —Emerging People's Palace Projects (Far Apart UK) Festival 2022 —Galwad		Directors	18,600 3,042,129	(975) (2,000) (12,810) (1,557,035)	(975) (2,000) 5,790 1,485,094
John Ellerman Foundation —Associate Dramaturg
Programme British Council —Go Digital			40,000 8,000	~8,000)	40,000
			3,204,599	~1,695,840)	1,508,759
TOTAL FUNDS			5,216,029	~3,693,325)	1,522,704

				Net movement	Transfers	Transfers
			At 1/4/20	in funds	between	funds	At 31/3/21
			E
Unrestricted funds
General fund Designated fund Designated fund	- Fixed assets —TEAM		345,110 14,044 4,100	446,561 (6,513)	(539,770) 1,349		251,901 8,880 4,100
Designated fund Designated fund	—Marketing - Core resilience		6,150 7,947	(6,150)		40,683 5,000	40,683 12,947
Designated fund	- Creative Development		58,127	(41,241)		45,309	62,195
Designated fund Designated fund	- Office Improvements - Productions		2,458		316,822		2,458 316,822
Designated fund	- Organisational	review
changes						35,000	35,000
Designated fund	- HR support					5,746	5,746
Designated fund	- CEO support					2,750	2,750
Designated fund	- Creative Development
posts						6,822	6,822
Designated fund	- Creative Development
projects						6,000	6,000
Designated fund	- Springboard bursaries				50,000		50,000
			437,936	392,657	(24,289)		806,304
Restricted funds
Paul Hamlyn Foundation Esmee Fairbaim Foundation Arts Council Wales - Ocean Park		Creative	31,209 50,163	25,264 (38,841)			56,473 11,322
Collaboration			1,064				1,064
National Companies Consultancy Project Battersea Arts Centre - The Agency Big Lottery Fund - Access Forum			22,663 6,257 2,330	(2,800) 3,617			(19,863) 9,874 2,330
Mametz real-time	digital lesson plans		2,781	(425)			2,356
EU Creative Europe			305	(24,594)	24,289
Andrew Lloyd Webber Foundation		-Emerging
Directors People's Palace Projects (Far Apart UK) Bluestone Foundation/Little Green Grant			900	5,100 6,880 109			6,000 6,880 109
			117,672	(25,690)	24,289		116,271
TOTAL FUNDS			555,608	366,967			922575,

A summary o Turnover	fthe	res	ults ofthe	subsidiary is shown below:
					2022	2021
						f
Cost ofsales					467,938 (615,405)	340,342 (387,144)
Gross profit Administrative	expenses				(147,467)	(46,802)
Loss on ordinary Theatre tax relief		activities before taxation claim			(147,467) 147467	(46,802) 46 602
Profit for the	financial		year
The aggregate	of	the	assets, liabilities and funds was:
					2022	2021
						E
Assets					194,270	46,803
Liabilities					(194,269)	(46,802)
Funds (representing			1 ordinary	share ofE1)