##
|||||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||||||||
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||||||||||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|
##
||||2021|||2020||
|---|---|---|---|---|---|---|---|
||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|
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||||||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|
##
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##
|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|