|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|||||||||
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|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|
##
|||||2023|||2022||
|---|---|---|---|---|---|---|---|---|
||||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|
##
||||||2023|||2022||
|---|---|---|---|---|---|---|---|---|---|
|||||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|
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|||||||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|
##
##
|||2023|||2022||
|---|---|---|---|---|---|---|
||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|
##
##
##
||||~Charit|||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)||