2022-03-31-accounts - Taunton Theatre Association Limited

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CONTENTS
				Page
Company and	Charity Information
Report ofthe	Trustees			3-13
Trustees' Responsibility Statement				13
Report ofthe	Independent Auditors			14-16
Consolidated	Statement of Financial	Activities		17
Consolidated	Balance Sheet and Company		Balance Sheet	18-19
Consolidated	Statement ofCashflows			20
Notes to the	Financial Statements			21-33

COMPANY AND CHARITY	COMPANY AND CHARITY	COMPANY AND CHARITY	INFORMATION
Directors and Trustees			Mr. S Berg Mrs V J Berry "'		(Chair, known				as Val Hammond)
			Mr C Cook
			Mrs V Dawson'			(Appointed		26 April 2021)
			Mr E F Gaines
			Ms G H Lawrence			(Resigned 26 April				2021)
			Mr 8 Lee'
			Mr P B Phillips			(Appointed		26 April 2021)
						(Resigned 21November					2022)
			Mrs E Milton (Shirley-Smith)			(Resigned		1 July 2022)
			Mr M R Watts
			Mr N G White			(Resigned		26 April		2021)
			1 Member of Finance Committee
			2 Member of Development			and Fundraising				Committee
			3 Director of TTA	Trading		Ltd
Company	number		08658085
Charity number			1156472
Key Management Chief Executive Executive Director		Personnel	Mrs A Bere Mrs V S Hobbs			(Resigned (Appointed		22 July 2022) 1October 2022)
Registered	office		The Brewhouse Theatre	and Arts Centre
			Coal Orchard
			Taunton
			TA1 1JL
Website			www. tauntonbrewhouse,		co.uk
Auditors			A C Mole Chartered Accountants	5	Statutory		Auditors
			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

FOR THE YEAR ENDED 31	MARC	H 2022
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Notes	Funds	Funds	Funds 2022	Funds	Funds	Funds 2021
				E	f	f	E
Income Donations		13,262		13,262	11,669		11,669
Charitable Activities Grants	2	159,500	119,398	278,898	146,500	354,943	501,443
Ticket Sales Performance Revenue Cinema Revenue Learning and Participation		483,393 25,141 26,037		483,393 25,141 26,037	10,699 3,742 25,661		10,699 3,742 25,661
Other Trading Activities	3	74,742		74,742	9,387		9,387
Investment Income		127		127
Other income	4	51,282		51,282	61,806		61,806
Total Income		833,484	119,398	952,882	269,575	354,943	624,518
Expenditure Charitable Activities	5	858,051	276,899	1,134,950	241,524	247,030	488,554
Cost of Other Trading Activities		58,277		58,277	9,474		9,474
Total Expenditure		916,328	276,899	1,193,227	250,998	247,030	498,028
Net (Expenditure)/Income		(82,844)	(157,501)	(240,345)	18,577	107,913	126,490
Tax					(1,801)		(1,801)
Net Movement in Funds		(82,844)	(157,501)	(240,345)	16,776	107,913	124,689
Total Funds Brought Forward Transfer		200,658 2,000	159,501 (2,000)	360,159	222,840 (38,958)	12,630 38,958	235,470
Total Funds Carried Forward		119,814		119,814	200,658	159,501	360,159


		Notes	Groupf	Charity f	Group f	Charity f
Fixed Assets Tangible Assets Investments		9 10	14,434	12,989 1	9,421	8,405 1
			14,434	12,990	9,421	8,406
Current Assets Stocks Debtors Cash at bank and in hand			4,273 114,247 286,381	108,965 276,852	1,812 22,516 523,419	28,151 516,441
			404,901	385,817	547,747	544,592
Creditors:
Amounts falling due within one year		12	(299,521)	(289,888)	(197,009)	(200,306)
Net Current Assets			105,380	95,929	350,738	344,286
Net Assets			119,814	108,919	360,159	352,692
The Funds of	the Charity
Unrestricted funds Restricted funds		13 13	119,814	108,919	200,658 159,501	193,191 159,501
Total Charity	Funds		119,814	108,919	360,159	352,692


	Notes	Groupf	Charity f	Group f	Charity f
Cashflows from operating	activities
Net cash provided by operating activities	18	(226,495)	(229,881)	165,809	186,407
Cashflows from investing Purchase of tangible fixed Interest received	activities assets	(10,670) 127	(9,835) 127	(1,109) 111
Net cash (used in)/generated by investing activities		(10,543)	(9,708)	(998)
Net increase in cash and cash equivalents		(237,038)	(239,589)	164,811	186,518
Cash and cash equivalents beginning ofyear	at	523,419	516,441	358,608	329,923
Cash and cash equivalents end ofyear	at	286,381	276,852	523,419	516,441

2. Income from	Charita	ble	Activities —Gr	ants
					Total			Total
		Unrestricted Restricted f			2022 f	Unrestricted f	Restricted f	2021 f
Somerset West and Taunton Council Arts Council			132,000	96,878	132,000 96,878	132,000	34,551	132,000 34,551
Arts Council: Cultural	Recovery						182,512	182,512
Fund Arts Council - Railway Children Garfield Weston Foundation Covid-19 SWT Grants Here and Now Access to Work			27,500	2,000 20,520	27,500 2,000 20,520	14,500	1,630 136,250	1,630 136,250 14,500
			159,500	119,398	278,898	146,500	354,943	501,443
3. Income from	Other	Trading Activities
					Total			Total
		Unrestricted Restricted f f			2022 f	Unrestricted f	Restricted f	2021 f
TTA Trading Limited Business Sponsorship Fundraising			74,676 66		74,676 66	3,414 5,279 38 656		3,414 5,279 38 656
Other
			74,742		74,742	9,387		9,387
4. Other income			51,282		51,282	61,806		61,806

5. Expenditure on Char	itable Activities
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds	Funds	2022	Funds	Funds	2021
		f		E	E	E
Theatre costs Artists' Payments	344,030	114,401	458,431	14,702	33,923	48,625
Sound & Lighting Cons umables Cinema Film Rental	593 13,348		593 13,348	158 4,892	6,834	158 11,726
Cinema & Equipment Repairs	3,426	11,665	15,091	6,472	416	6,888
Depreciation on Sound & Lighting Equipment	3 772		3,772	5,937	9,665	15,602
	365,169	126,066	491,235	32,161	50,838	82,999
Premises Costs
Business Rates Water Rates Insurance Light 8 Heat Cleaning &Waste Disposal Repairs & Maintenance Fire &Security	1,319 (1,158) 4,893 27,222 12,081 2,815	465 1,692 1,683 480	1,319 (1,158) 5,358 28,914 13,764 3,295	4,112 6,235 8,017 360 1,424 1,202	739 6,619 1,876 826	4,851 6,235 14,636 360 3,300 2,028
	47,172	4,320	51,492	21,350	10,060	31,410
Staff Costs Wages & Salaries	299,024	67,985	367,009	152,135	144,745	296,880
Publicity & Marketing Publicity & Marketing SocialMedia Website	56,071 3,572	17,131 1,770	73,202 5,342	1,613 979 2,713	6,274 455 1,884	7,887 1,434 4,597
	59,643	18,901	78,544	5,305	8,613	13,918

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds f	Funds f	2022 f	Funds f	Funds f	2021
Support Costs Recruitment &. HR	1,302		1,302	470	1,277	1,747
Training Travel &.Subsistence Health &Safety Licences	1,813 924 1,275 20,095	9,324 228 15	11,137 1,152 1,290 20,095	409 1,102 2,623	481 60	409 1,583 2,683
Printing, Postage &. Stationery ITsupport 8 Telephone Legal &. Professional Fees Audit & Accountancy	2,197 19,478 8,005		2,197 19,478 8,005	555 3,724 7,074 7,366	178 1,949 19,356	733 5,673 26,430 7,366
Bank &Credit Card Charges Ticketing Charges Sundry Expenses Depreciation of Equipment Bad debt	761 28,438 777 1,478 500	50,060	761 78,498 777 1,478 500	562 5,026 1,662	7,508 1,965	562 12,534 3,627
	87,043	59,627	146,670	30,573	32,774	63,347
Total Charitable Activities Expenditure	858,051	276,899	1,134,950	241,524	247,030	488,554

Tangible Fixed Assets —Charity and Group	Tangible Fixed Assets —Charity and Group		Tools 5,
	Sound fk	IT	Other
	Lightingf	Equipmentf	Equipment f	Total f
Cost At 1April 2021 Additions	84,645 9,835	14,649	16,513 835	115,807 10,670
At 31IVlarch 2022	94,480	14,649	17,348	126,477
Depreciation At 1April 2021 Charge for Year	79,302 3 772	14,416 233	12,668 1,652	106,386 5,657
At 31 March 2022	83,074	14,649	14,320	112,043
Net Book Value
At 31March 2022	11,406		3,028	14,434
At 31 March 2021	5,343	233	3,845	9,421

TTA Trading Limited
Ordinary shares off1 each

Investments (Continued)
The results of TTA Trading	Limited were	as follows:-			2022	2021
					f	f.
Turnover					74,676	3,414
Costs of sales					(28,486)	(2,732)
Gross profit Administrative expenses					46,190 (42,762)	682 (17,242) (1,537)
Tax on (loss)
Operating profit/(loss)					3,428	(18,097)
Gift aid to Taunton Theatre Association		Limited
The assets and liabilities Fixed assets Current assets Current liabilities	were;—				1,445 19,179 (9,729)	1,017 19,822 (13,373)
Total assets less current	liabilities				10,895	7,466
					1	1
Called up share capital Retained earnings					10,894	7,465
					10,895	7,466
Debtors
			2022		Z021
		Group f		Charity f	Group f	Charity f
Trade Debtors P repayments Accrued Grant Income Other Debtors		48,453 1,234 20,520 44,040		46,824 825 20,520 40,701	3,965 3,201 7,898 7,452	12,983 3,201 7,898 4,069
		114,247		108,870	22,516	28,151

2.	Creditors: Amounts	fall	ing	due within	one year
					2022			2021
					Group f	Charity f	Group f		Charity F
	Trade Creditors Taxation 5 Social Security Accrua Is Ticket sales received in advance 51,975 8,679 63,267 141,776					44,530 8,679 61,903 141,776	10,477 18,599 37,051 130,882		14,314 18,599 36,511 130,882
	Grant income received		in	advance	33,000	33,000
	VAT				824
					299,521	289,888	197,009		200,306
13.	Statement of Funds	—Group and Charity								At 31
				At 1April 2021 f	Income f	Expenditure f	Tax f	Transfer f		March 2022 f
	Unrestricted funds General			200,658	833,484	(916,328)		2,000		119,814
	Restricted funds
	Garfield Weston Culture
	Fund			136,250		(136,250)
	Arts Council			22,251		(22,251)
	Arts Council —Cultura		I
	Recovery Fund Future Arts Here and Now			1,000	96,878 2,000	(96,878) (1,ooo)		(2,000)
	Access to Work				20,520	(20,520)
				159,501	119,398	(276,899)		(2,000)

					2022	2021
				Group f	Charity f	Group f	Charity f
Net Movement in Funds		(as per statement	of
financial activities)				(240,345)	(243,771)	124,689	142,785
Adjustments for:-
Investment Income				(127)	(127)	(111)	(111)
Depreciation				5,657	5,250	19,322	19,229
Movements in Working		Capital:-
(Increase)/Decrease	in Stock			(2,461)		811	100
(Increase)/Decrease	in Debtors			(91,731)	(80,719)	62,670	54,033
Increase/(Decrease)	in Creditors			102,512	89,486	(41,572)	(29,629)
Cash (Used in)/Provided		by Operating
Activities				(226,495)	(229,881)	165,809	186,407

		At 1April			Tax		31March
		2020	Income	Expenditure	Credit	Transfer	2021
		f	f	f	f	f	f
Unrestricted	Fund
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 Culture
Recovery fund			182,512	(221,470)		38,958
Future Arts		1,000					1,000
SCFTake Part			1,630	(1,630)
		12,630	354,943	(247,030)		38,958	159,501