2021-03-31-accounts - Taunton Theatre Association Limited

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				Page
Com pa ny and Charity Information
Report ofthe	Trustees			3-13
Trustees' Responsibility Statement				13-14
Independent	Examiner's Report			15-16
Consolidated	Statement of Financial	Activities
Consolidated	Balance Sheet and Company		Balance Sheet	18-19
Consolidated	Statement of Cashflows			20
Notes to the	Financial Statements			21-34
ACE Cultural	Recovery Fund Grant			35

Directors and Trustees	Directors and Trustees	Directors and Trustees
			Mr. S Berg Mrs V J Berry Mr C Cook				(Chair, known as Val Hammond) (Appointed 20 July 2020)
			Mrs V Dawson				(Appointed	26 April 2021)
			Mr E F Gaines
			Ms G H Lawrence				(Resigned	26 April 2021)
			Mr B Lee				(Appointed	30October 2020)
			Mr P B Phillips				(Appointecj	26 April 2021)
			Mr R Rowles				(Resigned	21November		2020)
			Mrs E Shirley-Smith
			Mr M R Watts
			Mr N G White				Resigned 26		April 2021
Chief Executive			Mrs A Bere Mrs V Lefrancois				(Appointed (Resigned	1October 2020) 14April 2020)
Company	number		08658085
Charity number			1156472
Registered	office		The Brewhouse		Theatre	and	Arts Centre
			Coal Orchard
			Taunton
			TA1 1JL
Independent		Examiner	Alexandrea Shore FCA			DChA
			AC Mole
			Chartered Accountants
			Stafford House
			Blackbrook Park Avenue
			Taunton,
			Somerset
			TA1 2PX
Bankers			National Westminster			Bank	Pic
			26-35 Fore Street
			Taunton
			Somerset
			TA1 1JQ
Legal Advisors			Foot Anstey	LLP
			Senate Court
			Southernhay		Gardens
			Exeter
			EX11NT

									Restated
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			Notes	Funds	Funds	Funds	Funds	Funds	Funds
						2021			2020
						E	E	E	E
Income
Donations				11,669		11,669	13,115		13,115
Charitable	Activities
Grants			2	146,500	354,943	501,443	205,000	73,000	278,000
Ticket Sales
Performance		Revenue		10,699		10,699	825,047		825,047
Cinema Revenue				3,742		3,742	177,546		177,546
Learning	and Participation			25,661		25,661	35,407		35,407
corn
Other Trading Activities			3	9,387		9,387	146,145		146,145
Investment	Income						750		750
Otherincome			4	61,806		61,806
Tota I In	e			269,575	354,943	624,518	1,403,010	73,000	1,476,010
Expenditure
Charitable Activities Cost ofOther Trading			5	241,524	247,030	488,554	1,272,763	83,630	1,356,393
Activities				9,474		9,474	70,135		70,135
Total Expenditure				250,998	247,030	498,028	1,342,898	83,630	1,426,528
Net Income/(Expenditure)				18,577	107,913	126,490	60,112	(10,630)	49,482
Tax				(1,801)		(1,801)	43,622		43,622
Net Movement in Funds				16,776	107,913	124,689	103,734	(10,630)	93,104
Total Funds	Brought
Forward				222,840	12,630	235,470	119,106	23,260	142,366
Transfer				(38,958)	38,958
Total Funds	Carried
Forward				200,658	159,501	360,159	222,840	12,630	235,470

						Restated
				2021		2020
		Notes	Group f		Charity f	Group f	Charity f
Fixed Assets Tangible Assets Investments		9 10	9,421		8,405 1	27,634	27,634 1
			9,421		8,406	27,634	27,635
Current Assets Stocks Debtors Cash at bank and in hand			1,812 22,516 523,419		28,151 516,441	2,623 85,186 358,608	100 82,184 329,923
			547,747		544,592	446,417	412,207
Creditors:
Amounts falling due within one year		12	(197,009)		(200,306)	(238,581)	(229,935)
Net Current Assets			350,738		344,286	207,836	182,272
Net Assets			360,159		352,692	235,470	209,907
The Funds of	the Charity
Unrestricted funds Restricted funds		13 13	200,658 159,501		193,191 159,501	222,840 12,630	197,277 12,630
Total Charity	Funds		360,159		352,692	235,470	209,907


	Notes	Group f	Charity f	Group f	Charity f
Cashflows from operating	activities
Net cash provided by operating activities	18	165,809	186,407	(46,763)	(47,741)
Cashflows from investing	activities
Purchase oftangible fixed Interest received	assets	(1,109) 111		750	750
Net cash (used in)/generated by investing activities		(998)		750	750
Net increase in cash and cash equivalents		164,811	186,518	(46,013)	(46,991)
Cash and cash equivalents beginning ofyear	at	358,608	329,923	404,621	376,914
Cash and cash equivalents end ofyear	at	523,419	516,441	358,608	329,923

					Total			Total
			Unrestricted	Restricted	2021	Unrestricted	Restricted	2020
			f	f	f	f	f	f
Somerset West	and Taunton
Council			132,000		132,000	160,000		160,000
Retail and hospitality		grant				25,000		25,000
Arts Council				34,551	34,551		48,000	48,000
Arts Council: Cultural		Recovery
Fund				182,512	182,512
Arts Council —Railway		Children		1,630	1,630		15,000	15,000
Garfield Weston	Foundation			136,250	136,250	20,000		20,000
Future Arts Centres							10,000	10,000
Covid-19 SWT Grants			14,500		14,500
			146,500	354,943	501,443	205,000	73,000	278,000
3. Income	from	Other	Trading Activities
					Total			Total
			Unrestricted	Restricted	2021	Unrestricted	Restricted	2020
			f	f	f	f	f	f
TTA Trading Limited			3,414		3,414	123,289		123,289
Business Sponsorship			5,279		5,279	19,854		19,854
Fundraising			38		38	66		66
Other			656		656	2,936		2,936
			9,387		9,387	146,145		146,145
4. Other income			61,806		61,806

							Restated
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds f	Funds f	2021 f	Funds f	Funds f	2020 f
Support Costs
Recruitment & HR		470	1,277	1,747	5,367		5,367
Training					10,736		10,736
Travel &Subsistence		409		409	2,050		2,050
Hea1th &Safety		1,102	481	1,583	879		879
Licences		2,623	60	2,683	21,354		21,354
Printing, Postage R.
Stationery		555	178	733	4,624		4,624
ITsupport &Telephone		3,724	1,949	5,673	2,529		2,529
Legal & Professional	Fees	7,074	19,356	26,430	4,071		4,071
Audit &Accountancy		7,366		7,366	13,625		13,625
Bank &Credit Card
Charges		562		562	1,158		1,158
Ticketing Charges		5,026	7,508	12,534	43,796		43,796
Sundry Expenses					4,818		4,818
Depreciation of Equipment		1,662	1,965	3,627	3,906	1,140	5,046
		30,573	32,774	63,347	118,913	1,140	120,053
Total Charitable Activities
Expenditure		241,524	247,030	488,554	1,272,763	83,630	1,356,393

Tangible Fixed Assets —Ch	arity and Group
			Tools 5
	Sound &	IT	Other
Cost	Lighting f	Equipment f	Equipment f	Total f
At 1April 2020 Additions	84,645	14,649	15,404 1,109	114,698 1,109
At 31March 2021	84,645	14,649	16,513	115,807
Depreciation
At 1April 2020 Charge for Year	63,700 15,602	13,702 714	9,662 3,006	87,064 19,322
At 31March 2021	79,302	14,416	12,668	106,386
Net Book Value
At 31March 2021	5,343	233	3,845	9,421
At 31March 2020	20,945	947	5,742	27,634

	Charity
Total		Total
2021		2020
f		f

TTA Trading Limited
Ordinary shares off1each

Investments (Continued)
The results ofTTA Trading	Limited were	as follows:—	2021	2020
			f	f
Turnover Costs ofsales			3,414 (2,732)	123,289 (45,821)
			682	77,468
Gross profit Administrative expenses Tax on (loss)/profit			(17,242) (1,537)	(51,395) (208)
Operating (loss)/profit			(18,097)	25,865
Gift aid to Taunton Theatre Association		Limited		(18,446)
The assets and liabilities Fixed assets Current assets Current liabilities	were:-		1,017 19,822 (13,373)	36,772 (11,207)
Total assets less current	liabilities		7,466	25,565
			1	1
Called up share capital Retained earnings			7,465	25,564
			7,466	25,565

Debtors
		2021			2020
	Group f		Charity E	Group f		Charity E
Trade Debtors Prepayments Accrued Grant Income Other Debtors	3,965 3,201 7,898 7,452		12,983 3,201 7,898 4,069	14,711 8,153 31,300 31,022		11,709 8,153 31,300 31,022
	22,516		28,151	85,186		82,184

									Restated	Restated
							2021			2020
							Group F	Charity f	Group f	Charity f
	Trade Creditors Taxation 5Social Security						10,477 18,599	14,314 18,599	47,155 11,030	41,999 7,609
	Accrua Is						37,051	36,511	31,830	31,260
	Ticket sales	received	in	advance			130,882	130,882	143,287	143,287
	Amounts owed to subsidiary
	undertaking										501
	Other								5,279		5,279
							197,009	200,306	238,581	229,935
13.	Statement	of Funds	—Group		and Charity
				Restated							At	31
				At	1	April					March
						2020 f	Income f	Expenditure f	Tax f	Transfer f	2021 f
	Unrestricted	funds
	General			222,840			269,575	(250,998)	(1,801)	(38,958)	200,658
	Restricted funds
	Cinema				9,665			(9,665)
	Studio refurbishment				1,965			(1,965)
	Garfield Weston Culture			Fund			136,250				136,250
	Arts Council						34,551	(12,300)			22,251
	Arts Council	Cultural
	Recovery Fund						182,512	(221,470)		38,958
	Future Arts										1,000
	SCFTake Part						1,630	(1,630)
					12,630		354,943	(247,030)		38,958	159,501

	Fd —Grou
Analysis of Net Assets Between	uns p				Restated
		2021			2020
Unrestricted f Fixed Assets 9,421 Net Current Assets 191,237	Restrictedf 159,501	Total f 9,421 350,738	Unrestricted f 16,004 206,836	Restricted f 11,630 1,000	Total f 27,634 207,836
200,658	159,501	360,159	222,840	12,630	235,470

		~Charit 2021 f	2020 f	S~ubsidiar 2021 f	2020 f	2021 f	Total	2020 f
Audit Independent examiner Accounting services Corporation tax Other services		1,183 2,196 2,550 927 510	6,122 2,912 4,122 469	486	523	1,183 2,196 3,036 927 510		6,122 3,435 4,122 469
		7,366	13,625	486	523	7,852		14,148

						Restated	Restated
					2021	2020
				Group f	Charity f	Group f	Charity f
	Net Movement in Funds		(as per statement	of
	fina n cia I activities) Adjustments for:-			124,689	142,785	93,104	85,685
	Investment Income Depreciation			(111) 19,322	(111) 19,229	(750) 21,975	(750) 21,975
	Movements in Working		Capital:-
	Decrease in Stock			811	100	1,294
	Decrease/(increase) in Debtors (Decrease) in Creditors			62,670 (41,572)	54,033 (29,629)	(54,139) (108,247)	(52,193) (102,458)
	Cash Provided by/(Used		in) Operating
	Activities			165,809	186,407	(46,763)	(47,741)
19,	Prior Year Statement	of Funds —Group and Charity
			Restated				Restated
			At 1April			Tax	31March
			2019 f	Income Expenditure f f		Credit f	2020 f
	Unrestricted Funds
	General		119,106	1,403,010	(1,342,898)	43,622	222,840
	Restricted Funds
	Cinema Arts Council		19,330	48,000	(9,665) (48,000)		9,665
	Railway Children			15,000	(15,000)
	Studio Refurbishment Future Arts		3,930	10,000	(1,965) (9,000)		1,965 1,000
			23,260	73,000	(83,630)		12,630

The effect of	the prior year adjustmen	ts on the reserves at 1A	pril is as
		Unrestricted	Restricted	Total
		Funds	Funds	Funds
			f	f.
As previously reported Prior year adjustment		109,726 9,380	23,260	132,986 9,380
As restated	at 1April 2019	119,106	23,260	142,366