2023-03-31-accounts - Taunton Theatre Association Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

CONTENTS
						Page
Company and	Charity	Information
Report ofthe	Trustees					3-12
Trustees' Responsibilities			Statement			12-13
Auditor's Report						14-16
Consolidated	Statement		of Financial	Activities		17
Consolidated	Balance	Sheet and Company			Balance Sheet	18-19
Consolidated	Statement		of Cashflows			20
Notes to the	Financial	Statements				21-33

Directors	and Trustees	and Trustees	and Trustees	Mr. S Berg
				Ms C Bernhardt de Lane Mrs VJ Berry"'					(Appointed 20 November 2023) (Chair, known as Val Hammond)
				Mr CCook
				Mrs V Dawson'
				Mr E FGaines
				Mr BLee'					(Resigned 16January 2023)
				Mr P 8 Phillips'					(Resigned 21 November			2022)
				Mr R W Rowles'					(Appointed		1February 2023)
				Mr A G Samuel					(Appointed		23 October 2023)
				Mr M R Watts					(Resigned 31August 2023)
				Member	of Finance			Committee
				Member	of Development				and Fundraising		Committee
				Director of TTA		Trading			Ltd
Company	number			08658085
Charity number				1156472
Key Management			Personnel
Executive	Director			Mrs V 5 Hobbs					(Appointed	1October 2022)
				Mrs A Bere (Chief Executive)					(Resigned 22 July 2022)
Registered		office		The Brewhouse	Theatre		and		Arts Centre
				Coal Orchard
				Taunton
				TA1 1JL
Website:				www. tauntonbrewhouse.				co.uk
Professional		Advisers:
Auditors				A C Mole
				Chartered Accountants			&	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 2023
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Notes	Funds	Funds	Funds	Funds	Funds	Funds
				2023			2022
		E	E	E	E	E	E
Income
Donations		24,044	10,000	34,044	13,262		13,262
Charitable Activities
Grants	2	233,000	35,400	268,400	159,500	119,398	278,898
Ticket Sales
Performance Revenue		686,027		686,027	483,393		483,393
Cinema Revenue		85,103		85,103	25,141		25,141
Learning and Participation		32,130		32,130	26,037		26,037
Other Trading Activities	3	134,530		134,530	74,742		74,742
Investment Income		912		912	127		127
Other income		48,130		48,130	51,282		51,282
Tot a I Income		1,243,876	45,400	1,289,276	833,484	119,398	952,882
Expenditure
Charitable Activities	5	1,175,441	6,646	1,182,087	858,051	276,899	1,134,950
Cost ofOther Trading
Activities		105,539		105,539	58,277		58,277
Total Expenditure		1,280,980	6,646	1,287,626	916,328	276,899	1,193,227
Net Income/(Expenditure)		(37,104)	38,754	1,650	(82,844)	(157,501)	(240,345)
Net Movement in Funds		(37,104)	38,754	1,650	(82,844)	(157,501)	(240,345)
Total Funds Brought
Forward		119,814		119,814	200,658	159,501	360,159
Transfer		(93)	93		2,000	(2,000)
Total Funds Carried
Forward		82,617	38,847	121,464	119,814		119,814


			Group	Charity	Group	Charity
		Notes	E	E	E	6
Fixed Assets
Tangible Assets		9	32,518	31,559	14,434	12,989
Investments		10		1		1
			32,518	31,560	14,434	12,990
Current Assets
Stocks			2,465		4,273
Debtors			72,935	66,553	114,247	108,965
Cash at bank	and in hand		387,618	375,804	286,381	276,852
			463,018	442,357	404,901	385,817
Creditors:
Amounts falling due within
one year		12	(374,072)	(369,698)	(299,521)	(289,888)
Net Current	Assets		88,946	72,659	105,380	95,929
Net Assets			121,464	104,219	119,814	108,919
The Funds ofthe Charity
Unrestricted	funds	13	82,617	65,372	119,814	108,919
Restricted funds		13	38,847	38,847
Total Charity	Funds		121,464	104,219	119,814	108,919


				Group	Charity	Group	Charity
			Notes	6	E	6	E
Cashflows	from operating	activities
Net cash	provided by
operating	activities		19	125,689	123,404	(226,495)	(229,881)
Cashflows	from investing	activities
Purchase	oftangible fixed	assets		(25,364)	(25,364)	(10,670)	(9,835)
Interest received				912	912	127	127
Net cash	(used in)/generated		by
investing	activities			(24,452)	(24,452)	(10,543)	(9,708)
Net increase in cash
and cash	equivalents			101,237	98,952	(237,038)	(239,589)
Cash and	cash equivalents	at
beginning	ofyear			286,381	276,852	523,419	516,441
Cash and	cash equivalents	at
end ofyear				387,618	375,804	286,381	276,852

						Total			Total
			Unrestricted		Restricted	2023	Unrestricted	Restricted	2022
				E	E	E	E	E	E
Somerset West and Taunton
Council				132,000		132,000	132,000		132,000
Somerset West and Taunton
Council —additional		one off
revenue grant				100,000		100,000
Arts Council								96,878	96,878
Somerset Community		Foundation		1,000		1,000
Somerset County	Council				24,900	24,900
Audio Equipment	Grants				5,500	5,500
Covid-19 SWT Grants							27,500		27,500
Here and Now								2,000	2,000
Access to Work								20,520	20,520
Theatres Trust					5,000	5,000
				233,000	35,400	268,400	159,500	119,398	278,898
3. Income	from	Other	Trading Activities
						Total			Total
			Unrestricted		Restricted	2023	Unrestricted	Restricted	2022
				E	E	E	E	E	E
TTA Trading Limited				129,039		129,039	74,676		74,676
Business Sponsorship				5,425		5,425
Fundraising				66		66	66		66
				134,530		134,530	74,742		74,742

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		Funds	Funds	2023	Funds	Funds	2022
		E	f	E	E	E	E
Theatre costs
Artists' Payments		525,854		525,854	344,030	114,401	458,431
Sound & Lighting
Consumables		591		591	593		593
Cinema Film	Rental	39,674		39,674	13,348		13,348
Cinema & Equipment
Repairs		10,574		10,574	3,426	11,665	15,091
Depreciation	on Sound
& Lighting Equipment		4,030	367	4,397	3,772		3,772
		580,723	367	581,090	365,169	126,066	491,235
Premises Costs
Business Rates		2,586		2,586	1,319		1,319
Water Rates		623		623	(1,158)		(1,158)
Insurance		5,808		5,808	4,893	465	5,358
Light &. Heat		24,639		24,639	27,222	1,692	28,914
Repairs &Maintenance		6,660	5,127	11,787	12,081	1,683	13,764
Fire &Security		2,371		2,371	2,815	480	3,295
		42,687	5,127	47,814	47,172	4,320	51,492
Staff Costs
Wages & Salaries		371,046		371,046	299,024	67,985	367,009
Publicity &Marketing
Publicity & Marketing		61,190		61,190	56,071	17,131	73,202
Social Media		9,530		9,530	3,572	1,770	5,342
		70,720		70,720	59,643	18,901	78,544

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds	Funds	2023	Funds	Funds	2022
	6	E	E	E	E	6
Support Costs
Recruitment & HR				1,302		1,302
Training	630		630	1,813	9,324	11,137
Travel &Subsistence	2,187		2,187	924	228	1,152
Health &Safety	2,304		2,304	1,275	15	1,290
Licences	24,655		24,655	20,095		20,095
Printing, Postage &
Stationery	1,771		1,771	2,197		2,197
Legal &ProfessionalFees	10,659		10,659	19,478		19,478
Audit & Accountancy	17,599		17,599	8,005		8,005
Bank &Credit Card
Charges	1,012		1,012	761		761
Ticketing Charges	45,719		45,719	28,438	50,060	78,498
Sundry Expenses	1,426		1,426	777		777
Depreciation of Equipment	1,245	1,152	2,397	1,478		1,478
Bad debt	1,058		1,058	500		500
	110,265	1,152	111,417	87,043	59627	146670
Total Charitable Activities
Expenditure	1,175,441	6,646	1,182,087	858,051	276,899	1,134,950

Tangible Fixed Assets	—Charity and Grou	p
			Tools &
	Sound 8	IT	Other	Cafe
	Lighting	Equipment	Equipment	Equipment	Tota I
	E	E	E	E	E
Cost
At 1April 2022	94,480	14,649	17,348		126,477
Additions	5,498			19,866	25,364
At 31March 2023	99,978	14,649	17,348	19,866	151,841
Depreciation
At 1April 2022	83,074	14,649	14,320		112,043
Charge for Year	4,397		1,731	1,152	7,280
At 31March 2023	87,471	14,649	16,051	1,152	119,323
Net Book Value
At 31March 2023	12,507		1,297	18,714	32,518
At 31March 2022	11,406		3,028		14,434

	Charity
Total		Total
2023		2022
E		E

TTA Trading Limited
Ordinary shares of I 1each

The results ofTTA Trading	The results ofTTA Trading	Limited were	as follows:—
				2023	2022
				6	E
Turnover				129,039	74,676
Costs ofsales				(61,747)	(28,486)
Gross profit				67,292	46,190
Administrative expenses				(58,192)	(42,762)
Operating profit				9,100	3,428
Gift aid to Taunton Theatre		Association	Limited	2,749
The assets and liabilities	were:-
Fixed assets Current assets Current liabilities				959 21,350 (5,064)	1,445 19,179 (9,729)
Total assets less current	liabilities			17,245	10,895
Called up share capital				1	1
Retained earnings				17,244	10,894
				17,245	10,895


	Group E	Charity E	Group f	Charity E
Trade Debtors	14,459	11,416	48,453	46,824
Prepayments	2,557	2,557	1,234	825
Accrued Income Other Debtors	17,000 38,919	17,000 35,580	20,520 44,040	20,520 40,701
	72,935	66,553	114,247	108,870

							2023			2022
							Group	Charity	Group	Charity
							E	E	E		E
Trade Creditors							26,606	25,547	51,975	44,530
Taxation &Social Security							8,215	8,215	8,679	8	679
Accruals							62,991	62,854	63,267	61,903
Ticket sales received		in	advance				273,082	273,082	141,776	141,776
Grant income	received		in	advance					33,000	33,000
VAT							3,178		824
							374,072	369,698	299,521	289,888
Statement of	Funds	—Group and				Charity					At 31
				At 1	April						March
					2022		Income	Expenditure	Tax	Transfer	2023
						E	E	E	E	E	E
Unrestricted	funds
General				119,814			1,243,876	(1,280,980)		(93)	82,617
Restricted funds
Cafe Project Studio Seating							24,900 10,000	(6,279)		93	18,714 10,000
Studio flooring/lighting Audio Equipment							5,000 5,500	(367)			5,000 5,133
							45,400	(6,646)		93	38,847

			2023			2022
	Unrestricted f	Restricted f	Total f	Unrestricted f	Restricted f	Total f
Fixed Assets Net Current Assets	8,671 73,946	23,847 15,000	32,518 88,946	14,434 105,380		14,434 105,380
	82,617	38,847	121,464	119,814		119,814

					Subsidiary		Total
		2023 f	2022 f	2023 f	2022 f	2023 f	2022 f
Audit Independent Accounting Corporation	examiner services tax	12,043 4,884 672	4,045 (96) 3,288 768	760	610	7,080 5,490 840	4,045 (96) 3,898 768
Other services			5,640			30	5,640
		17,599	13,645	760	610	18,359	14,255

						2023		2022
						Group	Charity	Group	Charity
						E	E	6	6
Net Movement in Funds			(as per statement		of
financial activities)						1,650	(4,700)	(240,345)	(243,771)
Adjustments for:-
Investment Income						(912)	(912)	(127)	(127)
Depreciation						7,280	6,794	5,657	5,250
Movements in Working			Capital:-
Decrease/(Increase)	in Stock					1,808		(2,461)
Decrease/(Increase) Increase in Creditors	in Debtors					41,312 74,551	42,412 79,810	(91,731) 102,512	(80,719) 89,486
Cash Provided/(Used		in)	by Operating
Activities						125,689	123,404	(226,495)	(229,881)
Prior Year Statement		of	Funds —Group and Charity
				At 1April					31March
				2021		Income	Expenditure	Transfer	2022
					f	E	E	6	6
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 —Cultural		Recovery
Fund						96,878	(96,878)
Future Arts				1,000			(1,000)
Here and Now						2,000		(2,000)
Access to Work						20,520	(20,520)
				159,501		119,398	(276,899)	(2,000)