Company Registration Number: 08658085
Charity Registration Number: 1156472
TAUNTON THEATRE ASSOCIATION LIMITED
(A Company limited by Guarantee)
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
CONTENTS
Page
Company and Charity Information
Report of the Trustees
3-12
Trustees, Responsibilities Statement
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
21-34

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number: 08658085
COMPANY AND CHARITY INFORMATION
Dlrectors and Trustees
Mr. S Berg
Ms C de Bernhardt Lane
Mrs VJ Berry
J,2,3
Mr C Cook
Mrs V Dawson
Mr E F Gaines
Mr B Havenhand
Mr R W Rowles
MrA G Samuels
IResigned 23 November 2024)
{Ch3ir, known as Val Hammond)
Appointed 21.01.2025
Member of Finance Committee
Member of Development and Fundraising Committee
Director ofThA Trading Ltd
Company number
08658085
Charlty number
1156472
Key Management Personnel
Executive Dlrector
Mrs V S Robbins
Registered office
The Brewhouse Theatre and Arts Centre
Coal Orchard
Taunton
TAI IJL
Website..
www.tauntonbrewhouse.co.uk
Professlonal Advisers:
Auditors
A C Mole LLP
Chartered Accountants & Statutory Auditors
Stafford House
Blackbrook Park Avenue
Taunton, Somerset TAI 2PX
Bankers
National Westminster Bank PIC
26-35 Fore Street
Taunton Somerset TAI IJQ
Legal Advlsors
Tozers LLP
Broadwalk House
Southerhay West
Exeter, EXI IUA

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report with fina ncial statements of the charity for the year ending 31 March
2025 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act
and Charity Commission purposes.
This year was one of building a foundation on which to build change in the responsibilities and funding of
Taunton Theatre Association's operation of Taunton Brewhouse. These changes do not come into effect until
May 2026 but preparation for them has taken place in 2024-25 and will continue through 2025-26. Further
information is included under Post Balance Sheet Events. The Review of the Year, Page 6, deals with work and
experience in 2024-25 and the following Administrative Information refers to our st3ndine procedure5 and
practices.
REFERENCE AND ADMINISTRATIVE INFORMATION: Constitutlon and Structure
Taunton Theatre Association Ltd is a registered Charity, No. 1156472, and a Company limited by guarantee and
not having a share capital. Taunton Theatre Association Ltd was incorporated on 20 August 2013 under the
Companies Act 2006, Registration No. 08658085. Membership is by invitation from the Board of Trustees and
Directors. Upon dissolution of the Company, members guarantee to pay the sum of £10 each. Tho trustees and
director5 and principal adviser5 of the charity and company are listed on Page 2.
Taunton Theatre Association Ltd operates from the Brewhouse Theatre and Arts Centre in Taunton. Although
11 contracts and other legal documents are as Taunton Theatre Association Ltd, it is known as Taunton
Brewhouse. The building is leased from Somerset Council, the Unitary Authority for Somerset.
GOVERNANCE AND MANAGEMENT:
The charity's governing documents are its Memorandum and Articles of Association. The governing body ofthe
charity is the Board of Trustees who are also the directors of the company.
Recruitment and training of trustees
New trustees are sought by advertising regarding the overall Skill mix required by the Board. Candidates are
invited and appointed by the whole Board of Trustees. Induction includes sessions with existing Board members
and the Executive Director and senior staff a5 appropriate. A new trustee may be appointed to the Board at anv
time during the year with appointment confirmed at the Annual General Meeting,
Organisational Management
The Board is legally responsible for the overall management of the charity and meets quarterly with other
meeting5 as necessary. It currently comprise5 eight independent trustees who are also Members of the charity.
Two non-voting observer5 nominated by the Local Authority attend meeting as representatives of the owners
of the site. Somerset Council. One-third of trustees subm it themselve5 for re-election each yea r.
Our Executive Director, appointed by the Trustees with responsibility for leadership and management of the
charity, attend5 Board Meetings as senior Officer. To facilitate effective operations, the Executive Director has
delegated authority within terms of delegation approved by the Trustees, for operational matters including
finance, employment, business development and planning. The Executive Director has oversight of the overall
artistic direction of the company which is doveloped together with the Artistic Programmes Manager (since 14
November 2024 this role has been a job share).
standing Committees of the charity Board meet with appropriate officers at interva15 throughout the year. In
addition, other committees may be formed from time to time to address issues. Regular meetings of the Board
are augmented by an away day on an annual basi5 or as necessary.

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
Lead trustees advise on specific matters, e.g., finance, fundraising, legal matters. Public benefit5 and risks are
discussed and agreed by the Board following report5 by senlor staff.
Pay pollcy
The Board of trustees and directors consider the salary of the Executive Director who is charged with directing
and controlling, running, and operating the charity on a day-to-day basis. The trustees set guidelines for the pay
of the senior managemerit team. Pay is reviewed annually to ensure people are rewarded to reflect performance
and market rates whilst being mindful of the charity's responsibility to consider its own financial position.
All trustees give of their time freely and receive no remuneration for their Board responsibilities. If contracted
to provide a specific service in the work of the Charity, e.g.i as a theatre professional, they are paid the
appropriate fee.
Related Parties
The Charity's wholly owned subsidiary, rrA Trading Ltd, operates Taunton Brewhouse bar, kiosks, sales of
merchandise and art works and the hire of all facilities when not required for the core purpose. It manages the
provision of on-site refreshment facilities. Any profits from these activities are transferred to Taunton Theatre
Association Ltd by means of a charitable donation. ThA Trading Ltd also pays a service charge to the Charity to
cover costs associated with ￿A Trading overheads and operating costs. The charity and its subsidiary together
comprise The Group.
Risk Management Process
The Board of Trustees is responsible for the management of risks faced by Taunton Theatre Association Ltd. The
Trustees are assisted by the Executive Director and Senior Team in identifying, assessing, and controlling risks.
Risks in 2024-25 were categorised under Art15tic Programme, Political & Public Policyi Finance & Funding, Young
People under 18, Assets & Equipment, Staffing & Governance and Health & Safety. All risks are assessed for
likelihood and impact with mitigating actions identified and put in place. A Business Continuity Plan is also in
place.
Business Plans are approved by the Trustees and performance against plan5 is reported in Heads of Department
quarterly reports. Additionally, Somerset Council Observers attend TTA Board Meetings to keep updated as
(Landlord and Grant Funderl on ThA's situation and performance.
OBJECTS AND AIMS
Charity objects
Taunton Theatre Association's formal objective is:
The advancement of education for the public benefit through the promotion and encouragement of
the performing arts, the creative arts, and the visual art5 by such means as the directors shall think f it,
with reference to {but without limitation) the County of Somerset.
Aims and intended impact
Based on our 5-year strategic plan 2021-2026, our operational vision, mission and values stand alongside our
branding a5 Taunton Brewhouse.
Our Vision
We imagine a future where people and communities are liberated through art15tic expression, becoming
connected and considered equal. Our vision is that in the future, people from all over the world will fondly
remember TAUNTON BREWHOUSE.
Our Mission
Since 1977, TAUNTON BREWHOUSE has existed to welcome people locally and globally, to enjoy and participate
in a liberating programme of bold and brilliant artistic and creative experiences that inspire and transform our
individual and shared experience of the world.

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
Our Values
Our four values are at the heart of all that we do. These values are seen and felt through the spirit and attitude
of our people, programme, and creative community building confidence in Taunton Brewhouse as an inspiring
and generous place to visit and work.
Welcoming- we value open hearts, open minds, and welcome all to Taunton Brewhouse
Bold- we value bold artists a nd bold ideas, i nspiring locally and globally
Collaborative
we believe meaningful collaboration can change the world,, we work together to
create, play and learn
Resilient- we are committed to remaining Taunton's enduring centre for creative excellence.
How we achieve our purpose
The purpose of Taunton Theatre Association is achieved through holding the lease for Taunton Brewhouse 3nd
offering at and from that base for the benefit of the public..
Programme of high-quality, diverse live performance
Delivering a learning and participation programme for all ages
Offering Youth Theatre to bulld and foster artistic ta lent
Producing an annual Christmas musical in the main house
Screening regular and event cinema
Curating and presenting visua l arts and crafts exhibitions
Contributing activities for Brewhouse specific and other Taunton festivals
Supporting artists, particularly those in the Southwest to research and develop new work.
Our people
Senior team.. Our Executive Director is Vickie Robbins. She leads a Senior Management Team.. Artlstic
Programmes Manager, Technical and Facilities Manager and Marketing Manager.
There were changes within the senior team during the year as the Artistic Programmes Mana8er resigned in
September 2024 to retrain for a career in law and was replaced in November by two appointees working in a
job-share.
Employees.. Our core employed team report to the managers identified above. They include Management
Accountant, Youth and Programme Coordinator, Theatre Technicians, Hospitality Coordinator, Box Office
Supervisor, Box Off ice and Marketing staff, and Duty Managers. They perform at a high level whi15t also giving
guidance and training to our volunteers. The employed team volunteer outside their paid area of expertise when
necessary, expressing our Strong belief in volunteering. We value enormously their work and contribution.
Our volunteers: Our team of around 110 volunteers provide vital support for our work. Volunteers contribute
by taking part in Front of House, Bar, Marketing and Technical/Back-staEe and help a150 Wlth repairs and
redecoration and often act as our ambassadors. We are immensely grateful to them.
Our facilities: The theatre buildings date from 1977 with later additions and are attached to an 18th century
house. We benefit from being able to use these facilities which are now owned by Somerset Council for the
benefit of the community. Because of the unique character of the building, a commercial value is difficult to
define although it represents a real contribution to public support for the arts in Ta unton.
PUBLIC BENEFIT
Our public benefit offers education, inclusion, and wellbeing through the provision of cultural and arts
engagement for all ages.
Our beneflciaries
Although the total number of beneficiaries for 2024-2515 a little lower than in the previous year, it is the second
highest attendance In our history; the underlying trajectory is continuing growth with those attending live
performances exceeding those recorded pre-pandemic. Cinema, particularly films, did not perform so strongly.
Numbers attendlng art15tic and craft classes show a significant increase reflecting the way activities are

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
organised. They include those directly managed (Creative Engagement) and separately•
IHiresl.
Results show that there were 76,428 unique attendances at 1,080 events. This varies from those watching 3 live
event in the Ma in Auditorium which has 352 seat5 Iwith 342 available for most shows) through to small groups
attending classes or larger numbers joining open events.
Details of numbers and trends are shown in the following table.
2019-20
2020-21
2021-22
those offered by others
YEAR
EVENT
2022-23
2023-24
2024-25
ttendance
Events
ttendance
vents
ttendance
vents
ttendance
vents
ttend8nce
vents
ttendance
vents
Live
Perforrnances
IMA & Studiol
Event Clnem
183
41,116
413
191
28,009
224
38,359
260
53,299
253
50.521
7,423
1,097
185
2,441
3,178
3.752
52
2,393
ioi
9,043
7,538
4,974
Cinema
74
6,345
28
588
Creative
En6agement
Exhibitions
730
8,205
396
3,268
420
2,546
493
3,432
5,681
505
4,835
2,300
2,098
cl,000
3,093
3,793
2,170
9,182
3,050
9,296
Hires event51
cla55es/other
Other/2020
Digital
109
218
io
N/K
TOTAL
1,050
65,389
475
7,464
671
34,133
962
60.161
920
81,048
1,080
76,428
Note5'.
Years 2020-21 and 2021-22 We￿ impacted signiflcantly by COVID wlth the theatre closed for period5,
Exhibition attendance 15 estimated based on people viewing when the theatre Is open.
The opportunity to benefit
We aim to keep prices at affordable levels and offer further benefits through our Friends Scheme. When
circumstances and performing companies permit, we offer price reduced or multi-tickets to increase access. We
work with schools and colleges to bring young people to the arts either by attending shows or by bringing their
own work to the theatre. Our 'Mini Friend, lage 2-121 and Young Friend, lage 13-251 offer reduced fee
Membership and benefits to encourage participation at these ages. For Christma5 2024 we again organised a
'Pay-it- Forward, Campaign where ticket buyers could donate to provide tickets for the Christmas show which
were distributed through the Foodbank. A similar scheme provides subsidised places on some programmes of
Creative Engagement.
Our Christmas show offered performances with BSL interpretation, audio described and relaxed performances
and we aim to adapt productions where possible to make them fully accessible.
Attendance at exhibitions is free to all, as is participation in activities at festivals throughout the year.
We a150 provided activities through the 'Warm Spaces, programme for those who needed them through the
winter period.
People also benefit from attending arts activities at Taunton Brewhouse organised by those who hire our
facilities when not required for our own programmes and events. The numbers of those participating in this way
are included in our list of benef iciaries. The number of those attending in this way again increased this year,
increasing the use of our valuable community assets.
REVIEW OF THE YEAR 2024-25
In a year of consolidation when the existing programme of live performance was maintained, more live
performances were added to the Studio programme. This provided opportunities for Southwest artists to
present newly developed work and attract d ifferent audiences. The number of exhibitions and activities offered
a5 Part of our Learn programme also Increased, Repairs were carried out on the roof and structure of the building

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Nurnber.. 08658085
whilst the in-house team continued to maintain and develop the facilities to better serve the needs of our
audience5. Economic condition5 continued to be challenging so it 15 pleasing to report that careful management
of all resources as well as the contribution from rrA Trading Ltd, enabled the charity to report a positive financial
balance for the Group.
Performance
Live performance continued to form our core offer with 253 separate performances in the main auditorium or
studio, including our month-long Christmas show. We sought to offer a balanced programme that both reflects
and challenges the broad tastes of different audiences. There was a strong representation both in music of all
genres as well as comedy and an increasing range of drama. Examples include an ingenious production of 'Far
from the Maddening Crowd, and an enjoyably informative production of Yhe Brief Life and Mysterious Death
of Boris 111, King of Bulgaria,. Well-supported family shows included many familiar tales but also new offerings
such as 'Zog and the Flying Doctors, and 'Dear Zoo,,
Whilst most performances were on the main stage. many smaller and more experimental shows were well
received in more intimate surroundings of our studio theatre.
Our Christmas show was a new adaptation of Pinocchio produced in house. Telling the familiar story with
humour and song, it illustrated how taking the 'wrong path, can lead to trouble, sorrow and forgiveness.
Members of our Youth Theatre participated in the community ensemble where they worked alongside
professional actors and the professional di rector. We are grateful to Taunton School for supporting this show.
Our valued community drama companies continued to bring their productions to our stage with Wayfarers
Pantomime Society performing Beauty and the Beast. Taunton Thespians presented Dracula, Time to Move was
offered by Achieve Dance Company, Celebratel An evening of African music and dance was organised by State
of Trust and TYCA.
Event Cinema and Films
Event cinema had good numbers attending Exhibitions on Screen, dance from the Royal Ballet and Opera House
and notable National Theatre productions. The fewer f ilms shown reflected the lower number and choices of
new releases. However, our Movie Monday programme continued to be strongly supported with many
participants ch005ing to stay for post-show refreshments and the opportunity to meet friends.
Exhibitlons
Exhibitions increased to 12 during the year with a mix of art societies and single artist showings. We were pleased
to showcase young, emerging talent from Bridgwater and Taunton College as well as established artists and we
were also honoured to support and show a collection from Somerset Art Gallery Trust ISAGTI. The theatre
benefits from SAGT'S long-term loan of work by Jack Coulthard, for which we are very grateful. This 51ts alongside
Jack's paintings gifted by the Anderson family.
All exhibitions are free to view and are accessible throughout the day and alongside evening performances.
Creative Engagement." Learn
The range and number of opportunities for arts activities increased again during this year with workshops in
crafts such as silver jewellery making, willow work and Lino printing sltting alongside regular courses in art,
da nce, and singing. We are pleased to offer these for all ages and skill levels.
Our work with young people continued to expand. Ouryouth Theatre now offers five separate groups and works
with different age groups. Some members performed in our Christmas show, Pinocchio, and we were again
selected to participate in the National Theatre's Youth Development Programme, this year working on a new
production. No Regrets,.

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
Artist Development
We offered in kind Support to TYCA {young creatives), research and development Space for Detention and
Bluebird Theatre Company. We provided the opportunlty for new work to be shown by paying a small fee: Pillow
Fite, People Show 145, Suthering, Bright Place, Maddie Morris and Little Red Riding Could. NT Connection
enabled budding artists to perform at national level. Also, our Artistic Programme team convened a Somerset
theatre makers group to discuss how best to support artists.
Audlence Development and Access
Total audience numbers fell back a little after very high attendance last year due to the popularity of A Christmas
Carol but were higher than in any of the preceding years, suggesting that our underlying trajectory is still growth.
It is particularly pleasing to meet Budience member5 who are new to Taunton and to welcome younger people
to our events whilst Still retaining our core supporters.
Work to improve accessibility included: consulting with a wheelchair user about their experience, learning from
charities who work with dlDeaf and sight loss individuals to better improve their experience and provided sign-
language training for staff. We offered audio-described events, BSL, and supported relaxed shows as part of our
Christmas programme.
We continue to work hard to grow our communityof Friends and seek to bring into the theatre many of the new
arrivals to our town, both from new housing areas and those visiting for whatever reason.
Development Funding
Our primary funder during 2024-25 was our local authority, Somerset Council who, as landlord, also carried out
work on the building. Taunton Town Council supported part of our Learn programme of activities.
Taunton School generously supported our Christmas Show and we won smallersums from Somerset Community
Foundation for wa rm spaces during the colder parts of the year when we provided volunteer-led activities and
subsidised hot food.
Our subsidiary company also donated funds from its work in 2023-24 and continued to support the work of the
theatre more generallv.
Numerou5 donors contributed either by giving regular sums or on a one-off gift. A 'pay-it- forward campaign
raised funds for the Christmas Show, with sums raised being matched by the theatre to provide free tickets for
those in need and distributed by The Food Bank. Some of those partlcipating in engagement activitie5 donated
funds to allow bursaries for those who could not otherwise afford to attend.
Business and individuals supported u5 in other ways, choosing to advertise in our brochures, providing services
or choosing to hire our facilities. They make an invaluable contribution,
Our Trustee Development Committee supported the staff team in making bids in a funding climate that is ever
more challenging.
The charity has not used professional fundraisers. There were no complaints regarding fundraising. The trustees
confirm that their fundraising is compliant with the recognised standards of fundraising.
Investment in the facillties
Somerset Council, as Landlord, refurbished the windows in the Brewmaster's House, carried out repairs to the
roof of the same building and completed significant work on the flat roofs over the theatre itself.
New dimmers in the auditorium were installed, and fire doors were replaced around the building.

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
Our internal facilities team organised backups and Support to ensure business continuity and carried out the
necessary testing regimes as well as on-going maintenance of equipment and internal painting and repair
projects.
FINANCIAL REVIEW
Senior managers and the Board work closely together to monitor performance and manage finances, taking
account of changes in the economy and the local environment. Business performance and bookings for future
events are monitored, and all Board members are updated weekly and monthly. More detailed analyses are
provided at quarterly Board meetings.
sales for the Christmas Show in 2024, Pinocchio. did not match those for the previous year's A Christmas Carol
but were in line with that achieved for production5 in earlier years. This is reflected in the accounts
In a climate of rising prices. careful attention to obtaining the best deals for utilities and other costs has
contributed to our results, as has investing cash in savings accounts pending its use in the business.
As in previous years, the contribution of Trading to the financial results for the Group is significant and
enabled a surplus to be recorded. This followed careful work in reappraising the bar offer and experimenting
with different café offers. This work continues.
RISKS
Our risks policy is managed by Senior M3 nagement with Board oversight 35 set out in our Risk Management
Process on Page 4 of this report.
The main risks identified were..
Loss of fundinE and/or support from Somerset Council
Redevelopment or loss of lease for the premises
Aging electrical installation
The Trustees and Management worked to identify alternative sources of funding and to carry out necessary
rep3irs. However, changes to funding and to lease arrangements are set out under post balance sheet events to
give a fuller picture of the charity's situation and plans.
Risks remaining at a moderate level after mitigating and contingent actions were..
Fire
Working at height
COSHH
Sexual exploitation and grooming
Low sale5 for Christmas show
These risks are managed through company procedures and controls involving the Board andlor individuals from
different parts of the organisation as an additional check.
RESERVES POLICY
Taunton Theatre Association Ltd aims to maint3in reserves to underpin the financial stability of the charity and
mitigate f inancial risk. The intent of the Reserves Policy is to replenish released reserves and to maintain the
reserve balance of £200,000 in unrestricted reserves plus £50,000 for designated projects with £50,000 for
capital expenditure and a restricted reserve balance as dictated by grant conditions. On 31 March 2025, the
total reserves for the Group were £257.70312024: £217,368) and for the Charity £190,530 {2024,' £156,408).
Free reserve5 therefore fell Short of the policy. Work 15 ongoing to rebuild the reserves through careful
management of resources. Meanwhile, strict financial management ensures that the charity operates in line
with its earned income.

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number., 08658085
Although within the accounting processes, advanced ticket sales and reserves are recorded separately, they are
currently banked together in our savings accounts with movement between advanced ticket sales and the
current account on a regular basis as events take place.
POST BALANCE SHEET EVENTS
As anticipated, 5omer5et Council confirmed that they would be unable to provide funding from April 12025
due to their own financial constraints. They also served notice of their intention to exercise the break clause in
the lease for the premises on 30 April 2026. Somerset Council also began formal negotiations with Taunton
Theatre Association Ltd IThAI for a new lease to come into effect on l May 2026. This provides for TTA to hold
a full repairing and insuring lease for the Brewhouse Theatre and Arts Centre for 50 years. Somerset Council
retain landlord responsibilities for repairing and insuring the buildings until 30 April 2026.
TTA agreed the new lease documents in October 2025 but when applying to register the same with Land
Registryi
it learned of applications pending due to the Land Registry's own backlog which relate to restrictions
on Title. These are thought to relate to the wider Coal Orchard development rather than to the Brewhouse
itself. In view of the need to comp.lete the lease arrangements now, an agreement has been reached with
Somerset Council where it will assist TTA in resolving any matters that arise when Land Registry processes
these applications. The new lease is therefore to be concluded immediately.
On 11 November 2025 Taunton Town Council formally adopted the motion to put in place the 5-year Funding
Agreement for Taunton Theatre Association which will come into effect on l April 2026. TTA is most grateful
to Taunton Town Council for thLts contributing to the future of Taunton Brewhouse.
GOING CONCERN
2025-26 is likely to be a challenging year without core funding from Somerset Council. Even though Taunton
Town Council has awarded TTA a venues grant, this does not match the previous grant from Somerset Council
and is less than planned for future years. Nevertheless, the Trustees believe that careful management of our
finances this year will enable the Group to achieve a manageable outcome for this year.
As part of due diligence when considering the change to lease terms, rfA commissioned surveys of the slte and
infrastructure. This was instructive in terms of identifying what work will be needed in the future together will
probable timescales. recognises that carrying out this work will require external funds and is identifying
potential sources to assist. ThA will also increase its f undraising skills and resources.
The strategic plan for 2026-2031 and a detailed business plan for 2026-27 has been developed to take account
of ThA's responsibilities as well as the emerging environment for cultural organisations.
TTA'S ability to earn income and manage costs are Strengths of the current management team. In future these
skills will sit alongside a commltment to raise funds for capital work when it become5 necessary,
Havlng prepared forecasts, budgets and ca5hflows up until 31 December 2026, which take into account the loss
of funding from Somerset Council, the new Funding Agreement from Taunton Town Council and the new lease
arrangements, the group and the company has sufficient funds to contSnue in operatlon for this period, and
therefore for the foreseeable future.
The preparation of these forecasts include a number of assumptions, including the level of revenue generated
from the Christmas show, and achievement of these will be key to ensuring the long-term financial viability of
the Theatre.
In addition, as highllghted in the Post Balance Sheet Events disclosure above, at the date of approval of the
financial statements the new lease with Somerset Council had not concluded. Having spoken with
representatives from the Council the Trustees are confident that these discussions will conclude successfully.
The Trustees therefore consider it appropriate for the accounts to be prepared on the basis of a going- concern.
io

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
FUTURE PLANS:
Our immediate priority is to complete legalities for the core funding from Taunton Town Council so that Taunton
Brewhouse moves seamlessly into its new situation.
We will also recruit a Trustee with specific experience in building maintenance to add this knowledge to Board
discussions.
A will work c105ely with Taunton Town Council to develop the agreed programme of activities at Taunton
Brewhouse for the benefit of all those who live in or visit Taunton. This will include recognising the 50th
anniversary of the opening of Taunton Brewhouse in 2027. We will continue and strengthen our..
broad-based performance programme offering drama, musical theatre. dance, music of all kinds, comedy
and other spoken work works, making this accessible to all
cinema, maximising opportunities to bring live events to the screen along with a curated film programme
young people's programmes and other activities so that we continue to ensure and enhance a n inclusive offer
for all young people
support for the development of SouthWe5t Artists, funds permitting
development of our staff ensuring they can build skills and capabilities in our arts environment
work with volunteers with the aim of meeting their needs as well as those of the theatre
Friends offer with the objective of building this core group of supporters.
We will increase our efforts to
grow our hospitality provision such that it can maximise its offer and, in so doing, increase the support it
provides to the community and to our financial underpinnings
seek funds, specifically to maintain, refurbish and redecorate key areas of our facilitie5, as well as to support
arts projects
strengthen our commuriications and audience development plans through improved and varied
communications across our catchment areas and give atterbtion to attracting those who might otherwise
not attend, eg global majority. ref ugees and others.
seek partners and collaborator5 more widely and especially in the Southwest whilst also strengthening our
relations with local educational institutions to help support creative arts education in schools
develop and deepen relationships with actual and potential funders and sponsors as well as audience
members to ensure the long-term future of the Taunton Brewhouse,
Public support for Taunton Brewhouse continues to be strong both from those who were originally involved in
its founding nearly 50 years ago and from those who have moved to Taunton more recently. We are proud it
is a place where many find friends and a sense of community,
INDEMNITY PROVISION FOR TRUSTEES/DIRECTORS
Charity Trustees Insurance is in place for the benefit of all tru5tees/directors of the company. Officers are
similarly covered by this insurance.
AUDITOR
A C Mole LLP were reappointed as Auditors in 2023 following their original appointment in 2018.
li

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number: 08658085
Statement of disclosure of Information to auditor
The Trustees, who were in office at the date of approval of these accounts, have confirmed that, as far as they
are aware, there is no relevant audit information of whlch the Charitable Company's Auditor is unaware and
that they have taken all the steps that they ought to have taken as trustees in order to make themselves aware
of any relevant information and to establish that the Auditor is aware of that information.
THANKS
We thank Vickie Robbins for her work and leadership as Executive Director of Taunton Theatre Association and
Taunton Brewhouse. It is particularly pleasing this year to see her celebrated as West Country Women's award
winner for Arts and Culture. Her le3dership also resulted in a n award by Visit Somerset for the charity's work in
welcoming older people. Vickie continues to focus on a strong comm unity ethos, embracing our profession31
staff and volunteers and the charitable sector and arts organisations in Taunton and beyond.
We thank the whole Brewhouse Team: managers, staff and volunteers, and our specialist advisers who work
with us in delivering a rich and exciting programme of cultural offers for our community. We are proud of their
achievements.
We thank our funders, 5pon50rs, donor5, friends and participants for their support, encouragement, and
enthusiasm throughout the year. Without this vital support, we would not exist.
Finally, I thank my colleagues on the Board for their continuing work and encouragement, which is so much
appreciated.
The financial statements, which incorporate the Report of the Trustees and Trustees Responsibility Statement
are approved by the Board in the meeting on 20 October 2025 and signed on its behalf
by:
U J1£
Valerie J Berry (Val Hammond)
Chair
12

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES, RESPONSIBILITIES STATEMENT
Company Number.. 08658085
The charity trustees (who are also directors of Taunton Theatre Association Limited for the purposes of company
lawl are responsible for preparing Trustees, Report (incorporating the directors, report) and the financial
statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial
Reporting Standard 102.. The Financial Reporting Standord applicable in the UK and Republic of Irelond (United
Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable
company for that period. In preparing these financial statements, the trustees are required to..
Select 5Ultable accounting policies and then apply them consistently,.
Observe the methods and principle5 in the Charities SORP:
Make judgments and accounting estimates that are reasonable and prudent,.
State whether applicable UK Accounting Standards have been followed, subject to any material
departure disclosed and explained in the financial statements,. and
Prepare the financial statement on the going concern basis unless it is inappropriate to presume that
the charitable company will continue in business.
The trustees are responsible for maintaininB proper accounting records which disclose with reasonable accuracy
at any time the financial posltion of the charitable company and enable them to ensure that the financial
statements comply with the Companies Act 2006. They a re also responsible for safeguarding the assets of the
charitable company and hence for taking reasonable steps for the prevention and detection of f raud and other
irregula rities.
In 50 far as the trustees are aware..
there is no relevant audit information of which the charitable company'5 auditors are unaware,. and
the trustee5 have taken all steps that they ought to have taken to make themselves aware of any
relevant audit information and to establish that the auditors are aware of that information.
The trustees are responsible for the maintenance and integrity of the corporate and financial information
included on the charitable company's website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdiction5.
The financial statements, which incorporate the Report of the Trustees and Trustees Responsibility Statement
are approved by the board In their meeting on 20 October 2025 and signed on its behalf by:
v J(L.
Valerie J Berry (Val Hammond)
Chair
13

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF TAUNTON THEATRE ASSOCIATION LIMITED
Company Number.. 08658085
Opinion
We have audited the financial statements of Taunton Theatre Association Limited {the parent charitable
company") and its subsidiaries {the 'group'l for the year ended 31 March 2025 which comprise the Consolidated
Statement of Financial Activities, the Consolidated and Charity Balance Sheet, the Statement of Cashflows and
notes to the f inancial statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102; The Financial Reporting Standard applicable in the UK
and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the f inancial statements:
give a true and fair view of the state of the group's and the parent charitable company's affairs as at 31
March 2025 and the group's income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice,.
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for oplnion
We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs {UKI) and applicable
law, Our responsibilities under those standards are further described in the Auditor's responsibilities for the
audit of the financial statements section of our report. We are independent of the group in accordance with the
ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S
Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Conclusions relating to golng concern
In auditing the financial statement5, we have concluded that the trustees, use of the going concern basi5 of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material Ltncertainties relation to events or
conditions that, individually or collectively, may cast significant doubt on the group's and the parent charitable
company's ability to continue as a going concern for a period of at least 12 months from when the financial
statements are authorised for issue.
Our responsibilitles and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other informatlon
The other information comprises the information included in the annual report, including the tru5tees' report,
other than the financial statements and our auditor's report thereon. The trustees are responsible for the other
information contained within the annual report. Our opinion on the financial statements does not cover the
other information and, except to the extent otherwise explicitly stated in our report, we do not express any form
of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is
materially inconsistent with the f inancial statements or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material this gives rise to a material
misstatement in the financial statements themselves. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
14

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEE5 OF TAUNTON THEATRE ASSOCIATION LIMITED
Matters on which we are requlred to report by exception
In the light of the knowledge and understa nding of the company and its environment obtained in the course of
the audit, we have not identified material misstatements in the directors, report included within the trustees,
report.
We have nothing to report in respect of the following matters in relation to which the Charities IAccounts and
Report51 Regulations 2008 require us to report to you if, in our opinion..
adequate and proper accounting record5 have not been kept, or returns adequate for our audit have
not been received from branches not visited by u5,. or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of trustees, remuneration specified by law a re not made; or
we have not received all the information and explanations we require for our audit.
Responslbilitles of the trustees
As explained more fully in the statement of tru5tee5' responsibilities, the trustees are responsible for the
preparation of the f inancial statements and for being satisfied that they give a true and fair view, and for such
internal control as they determine is necessary to enable the preparation of f inancial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustee5 are responsible for assessing the Charity's ability to continue
as a going concern, disclosing, as applicable, matter5 related to going concern and using the going concern basis
of accou nting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic
alternative but to do so.
Auditor's responsibilities for the audit of the financial statement5
The trustees have elected for the financial statements to be audited in accordance with the Charities Act 2011
rather than the Companies Act 2006. Accordingly, we have been appointed as auditor under section 144 of the
Charities Act 2011 and report in accordance with regulations made under section 154 of that Act,
Our objectives a re to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether dLte to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but Is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individu311y or in the aggregate, they could reasonably be
expected to influence the economic decision5 of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Identlfying and assesslng potential rlsks of material mlsstatement due to irregularlties
We considered the following when identifying and assessing risks of material misstatement due to irregularities,
including fraud and non-compliance with laws and regulations..
the legal and regulatory framework in which the charitable company and group operates
the sector in which the charitable company and group operates
the control environment and controls established to mitigate such risks
the results of our enquiries of management about their identification and assessment of risks of
irregularities
discussions with the audit engagement team about where fraud might occur
the incentives for f raud,
15

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF TAUNTON THEATRE ASSOCIATION LIMITED
Company Number: 08658085
Laws and regulations which are considered to be significant to the charitable company and group include those
relating to the requirements of financial reporting framework FRS102, the Companies Act 2006, the Charities
Act 2011, UK tax legislation, employment law and health and safety. In addition, we consider other laws and
regulation which may not directly impact the financial statements but may impact on the operation of the
charitable company and group.
As a result of these procedures we concluded, in accordance with International Auditing Standards, that a risk
in relation to the potential for management override of controls existed.
Audit responses to risks identified
We undertook audit procedures to respond to the risks identified, and designed our audit testing to respond to
these risks, The additional procedures we undertook included the following..
gaining an understanding of the charitable company and group's procedures for ensuring compliance
with laws and regulations
testing the appropriateness of journal entries and other adjustments
considering whether accounting estimates were indicative of potential bias
considering whether any transaction5 arose outside the normal course of business
making enquiries of management
corroborating our enquirie5 through review of Board Minutes and correspondence.
We also communicated relevant laws and regulations and potential fraud risks to all engagement team members
and remained alert to any indicators of fraud or non-compliance with laws and regulations throughout the audit.
A further description of our responsibllities for the audit of the f inancial statements is located on the Financial
Reporting Council's webslte at.. www.frc.org.uk/auditorsresponsibilities. This description forms part of our
auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with part 4 of the
Charities (Accounts and Reports} Regulations 2008. Our audit work has been undertaken so that we might State
to the charitable company's members those matters we are required to State to them in an auditors, report and
for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to
anyone otherthan the charitable company and the charitable company's members as a body, for our audit work,
for this report, or for the opinions we have formed.
A C Mole LLP Isenior Statutory Auditor)
Chartered Accountants and Statutory Auditors
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TAI 2PX
A C Mole LLP is eligible to act as an auditor in terms of Section 1212 of the Com panies Act 2006.
Date,,
IL,K WLVCLLLfv 2kniir
16

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
includln
Consolidated Income and Ex
enditure Account
FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
Unrestricted Restricted
Funds
Funds
Notes
Total Unrestricted Restricted
Funds
Funds
Funds
2025
Total
Funds
2024
Income
Donations
20,360
20,360
23,696
23.696
Charitable Activities
Grants
Ticket Sales
Performance Revenue
Cinema Revenue
Learning and Participation
151,240
151,240
133,000
5,342 138,342
1,030,374
84,705
50,252
1,030,374
84,705
50.252
1,052,248
83,185
47,357
1,052,248
83,185
47,357
Other Trading Activities
227.595
227,595
202,975
202,975
Investment Income
13,436
13,436
5,280
5,280
Other income
45,960
45,960
41,605
41,605
Total Income
1,623,922
1,623,922
1,589.346
5,342 1,594,688
Expendlture
Charitable Activities
Cost of Other Trading
Activities
1,468,631
1,468,631
1,370,037
14,125 1,384,162
114,956
114,956
114,622
114,622
Total Expenditure
1,583,587
1,583,587
1,484,659
14,125 1,498,784
Net Income/lExpenditure)
40,335
40,335
104,687
18,7831
95,904
Net Movement in Funds
40,335
40,335
104,687
18,7831
95,904
Total Funds Brought
Forward
Transfer
217,368
217,368
82,617
30,064
38,847 121,464
130,064)
Total Funds Carrled
Forward
257,703
257,703
217,368
217,368
The statement of f inancial activities includes all gains and losses in the year.
The notes on pages 21 to 34 form part of these financial statements.
17

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CONSOLIDATED AND CHARITY BALANCE SHEET AS AT 31 MARCH 2025
Company Number: 08658U85
2025
2024
Group
Charltv
Group
Charlty
Notes
Fixed Assets
Tangible Assets
Investments
41,930
36,643
41,691
40,750
io
41,930
36,644
41,691
40,751
Current Assets
stocks
Debtors
Cash at bank and in han
6,264
106,289
521,467
4,448
67,354
534,409
li
99,695
454,410
62,347
471,661
634,020
554,105
606,211
534,008
Creditors:
Amounts falling due within
one year
1400,2191
1430,534)
{418,3511
12
1418,2471
Net Current Assets
215,773
153,886
175,677
115,657
217,368
156,408
Net Assets
257,703
190,530
The Funds of the Charity
Unrestricted funds
Restricted funds
13
13
257,703
190,530
217,368
156,408
Total Charity Funds
257,703
190,530
217,368
156,408
The notes on pages 21 to 34 form part of these financial statements.
18

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BALANCE SHEET AS AT 31 MARCH 2025
Company Number.. 08658085
continued
For the year in question, the charitable company was entitled to exemption from an audit under section 477 of
the Companies Act 2006.
The members have not required the charitable company to obtain an audit of its accounts for the year in
question in accordance with section 476 of the Act.
The tru5tees/directors acknowledge their responsibilities for complying with the requirements of the Companies
Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions of part 15 of the Companies Act 2006
relating to the small companies, regime.
Approved by the Trustees and Directors and signed on its behalf by'.-
NAME.. ..bJ..{VLk4. 1 :..¢Y........rf.u kj 6 A tiY2WI
Date., l L{
19

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
STATEMENTS OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Group
Charlty
Group
Charity
Notes
Cashf lows from operatlng actlvltles
Net cash (used inl/provided bv
operating activities
19
112.9991
122,973)
161,485
109,995
Cashflows from Investlng activities
Purchase of tangible fixed asset5
Investment income
113,3791
13,436
17,0251
12,747
119,9741
5,280
119,4181
5,280
Net cash provided by/{used in)
investing activitles
57
5,722
114,694)
114,138)
Net Idecreasel/increase In cash
and cash equivalents
Cash and cash equivalents at
beginning of year
112,9421
117,251)
146,791
95,857
534,409
471,661
387,618
375,804
Cash and cash equivalents at
end of year
521.467
454,410
534,409
471,661
20

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
Company Number.. 08658085
Accounting Policies
The principal accounting policies adopted in the preparation of the financial statements are as follow5..
Company Informatlon
The charitable company 15 incorporated in England and Wales under registration number 08658085 and
is registered with the Charity Commission under charity number 1156472. The registered office is The
Brewhouse Theatre and Arts Centre, C031 Orchard, Taunton. Somerset, TAI IJL. It is a company limited
by guarantee and has no share capital. In the event of the charity being wou nd up, the liability in respect
of the guarantee is limited £10 per member. A5 at 31 March 2025 there were IS members (2024.. 151.
Basis of Preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statements of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (issued
October 20191 Icharities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 1021 and the Companies Act 2006.
Taunton Theatre Association Limited meet5 the definition of 3 public entity under FRS 102.
The financial statements have been prepared under the historical cost convention with items recognised
at cost or transaction value unless Stated otherwise within these notes.
The financial statements are prepared in sterling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest pound.
Going Concern
The financial statement5 have been prepared on a going concern basi5, which assumes the charity and
group will continue in operation for a period of at least twelve months from the date of authorisation
of the financial statements and have sufficient funds to pay debts as and when they fall due.
2025-26 is likely to be a challenging year without core funding from Somerset Council. Even though
Taunton Town Council has awarded ThA a venues grant, this does not match the previous grant from
Somerset Council and is less than planned for future years. Nevertheless, the Trustees believe that
careful management of our finances this year will enable the Group to achieve a manageable outcome
forthis year.
As part of due diligence when considering the change to lease terms, rrA commissioned surveys of the
site and infrastructure. This was instructive in terms of identifying what work will be needed in the
future together will probable timescale5. ThA recogni5es that carrying out this work will require external
fund5 and is identifying potential sources to as51St. will also increase its fundraising skills and
resources.
The strategic plan for 2026-203 1 and a detailed business plan for 2026-27 has been developed to take
account of ￿A'S responsibilities as well as the emerging environment for cultLJral organisations.
A's ability to earn income and manage cost5 are strengths of the current management team. In future
these skills will sit alongside a commitment to raise funds for capital work when it becomes necessary.
Having prepared forecasts, budgets and ca5hflows up until 31 December 2026, which take into account
the loss offunding from Somerset Council, the new Funding Agreementfrom Taunton Town Council and
the new lease arrangements, the group and the company has sufficient funds to continue in operation
for this period, and therefore for the foreseeable future.
21

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
NOTES TO THE FINANCIAL STATEMENTS
Accounting Policles {contlnued)
Golng concern (contlnuedl
The preparation of these forecasts include a number of assumptions, including the level of revenue
generated from the Christmas show, and achievement of these will be key to ensuring the long-term
financial viability of the Theatre.
In addition, as high5ighted in the Post Balance Sheet Events disclosure in Note 21, at the date of approval
of the financial statements the legal paperwork for the new lease with Somerset Council had not
concluded. Having spoken with representatives from the Council the Trustees are confident that these
discussions will conclude successfully.
The Trustees therefore consider it appropriate for the accounts to be prepared on the basis of a going-
concern.
Basis of Consolldation
These financial statements consolidate the results of the Charity and its wholly owned subsidiary, ThA
Trading Limited, on a line by line basis. The "Group" heading within the balance sheet refers to the
consolidated accounts of Taunton Theatre Association Limited and Trading Limited, All intra-group
transactions are eliminated on consolidation.
In the parent company f inancial statements the investment in the trading subsidiary is accounted for at
cost less impairment.
A separate Statement of Financial Activities or income and expenditure account, for the Charity itself
has not been presented because the Charity has taken advantage of the exemptions afforded by Section
408 of the Companies Act 2006. The surplus in the year for the charity was £34,12112024: surplus
£52,189), Note 10 gives details of the results of the subsidiary undertaking for the year to 31 March
2025.
Fund Accounting
Unrestricted income funds are available for the general purpose of the charity at the discretion of the
trustees, in furtherance of the general objectives of the charity, and which have not been designated
for other purposes.
Designated income funds are unrestricted funds earmarked by the trustees for particular reason or
activity.
Restricted income funds are only available for specific purposes designated by the donor or through the
terms of an appeal or a specific object of the charity.
Cash and Cash Equivalents
Cash and cash equivalents include cash and short term highly liquid investments that are readily
convertible to a known amount of cash and subject to an insignificant risk of change in value.
22

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
Company Number.. 08658085
Accounting Policies (continued)
Financial Instruments
The charity and group only has financial assets and liabilitie5 that qualify as basic financial instruments
including bank balances, cash, debtors and creditors. Basic financial instruments are therefore
recognised at transaction price and subsequently amortised cost.
Tangible Fixed Assets
Fixed a55et5 are stated at cost less accumulated depreciation. The costs of minor additions, items under
£1,000 are not capitalised, Depreciation is provided on all tangible fixed assets, at rates calculated to
write off the cost5, less estimated residual value of each asset evenly over its expected useful life, as
follows:_
Sound and lighting equipment
Tools and equipment
IT equipment
Café equipment
20% on c05t
20/0 on cost
25% on cost
20°A on cost
Stocks
Stocks are stated at the lower of c05t and net realisable value.
i.io
Taxation
The company is a registered charity and is therefore not liable to corporation tax or capital ga ins tax to
the extent that its income and gains are applicable to charitable purposes only. Value added taxation is
not recoverable by the charity, and is therefore included in the relevant costs in the Statement of
Financial Activitie5
i.ii
Pension costs
The group and charity make contributions to defined contribution pension schemes on behalf of
employees. The assets of these schemes are held separately from the group in independently
administered schemes. The amount included in the statement of financial activities represents the
contributions payable to the schemes in respect of the accounting period.
23

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number: 08658085
NOTES TO THE FINANCIAL STATEMENTS
Accounting Policles (continued)
1.12
Income
All income is included in the SOFA when the Charity and Group is legally entitled to the income, it is
probable the income will be received and the amount can be measured reliably. The following specific
policies are applied to particular categories of income.
Income from donations and gifts are recognised in the year in which they are receivable,
Income from grant5 is recognised when the charity has entitlement to the funds, any performance
conditions attached to the grants have been met, it is probable that the income will be received and the
amount can be measured reliably and Is not deferred. Where grant income is received in advance of
conditions being met which are outside of the charity's control, income is deferred within creditors..
grants received in advance until grant conditions are met. Where the charlty has entitlement to funds
but these have not yet been received, income is recognised within debtors.. accrued grant income.
Income from ticket sales is recognised when the charity has entitlement to the funds. Where ticket sales
income relates to future performances income is deferred within Creditors: Ticket sales received in
advance.
Investment income is recognised when receivable.
1.13 Expenditure and Irrecoverable VAT
Liabilities are recogni5ed as expenditure as soon as there is a legal or constructive obligation committing
to that expenditure, it is probable that settlement will be required and the obligation can be measured
reliablv.
All expenditure 15 recognised on the accruals basi5.
Costs of other trading activities includes expenditure incurred in generating the trading subsidiary funds.
Expenditure on charitable activities comprises costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It inclLrdes both costs that can be allocated directly to such activities
and costs of an indirect nature necessary to support them.
1.14
Critical accountlng estimates and judgements
The preparation of the financial statements requires management to make judgements, estimates and
assumptions.
Estimates and judgements are continually evaluated and are based on historical
experience and other factors, including expectations of future events that are believed to be reasonable
under the circumstances. The resulting accounting estimates will, by definition, seldom equal the
related actual result5.
The trustees are of the opinion that there are no estimates or assumptions that have a significant risk
of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial
vear.
1.15 Volunteered Services
The charity benef its greatly f rom the involvement and support of its many volunteers. In accordance
with FR5102 and the Charities SORP IFRS1021 the economic contribution of general volu nteers is not
recogni5ed in the financial statements.
24

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
Company Number.. 08658085
Income from Charitable ActivitSes - Grants
Total
2025
Unrestrlcted Restricted
Total
2024
Unrestricted Restricted
Somerset Council
Warm Spaces Grant5
Craft Workshop Grant
SASP Grant
Taunton Town Council Grant
118,800
3,500
118,800
3,500
132,000
1,000
132,000
3,250
1,592
1,500
2,250
1,592
1,500
28,940
28,940
151,240
151,240
133,000
5,342 138,342
Incorne from Other Trading Activities
Total
2025
Unrestricted Restricted
Total
2024
Unrestricted Restricted
A Trading Limited
Business Sponsorship
Advertising
Fundraising
216,000
6,450
4,175
970
216,000
6,450
4,175
970
189,723
10,900
2.300
52
189,723
10,900
2,300
52
227,595
227,595
202,975
202,975
Other Income
Total
2025
Unrestricted Restricted
Total
2024
Unrestricted Restricted
Theatre Tax Credit
Sundry income
45,468
492
45,468
492
39,932
1,673
39,932
1,673
45,960
45,960
41,605
41,605
25

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number: 08658085
NOTES TO THE FINANCIAL STATEMENTS
Expenditure on Charitable Activities
Unrestrlcted Restricted
Funds
Funds
Total
2025
Unrestrlcted
Funds
Restricted
Funds
Total
2024
Theatre costs
Artists, Payments
Sound & Lighting
Consumables
Cinema Film Rent81
Cinema & Equipment
Repairs
Depreciation on Sound
& Lighting Equipment
751,884
751,884
724,530
4,370 728,900
723
41,592
723
41,592
1,336
38,572
1,336
38,572
10,368
10,368
9,933
9,933
6,944
6.944
2,339
3,576
5,915
811,511
811,511
776,710
7,946 784,656
Premises Costs
Business Rates
Water Rates
Insurance
Light & Heat
Repairs & Maintenance
Fire & Security
1,538
5,209
4,897
30,279
8,774
9,638
1,538
5,209
4,897
30,279
8,774
9,638
1,434
4,259
5,189
28,494
7,323
3,072
1,434
4,259
5,189
29,053
7,323
3,072
559
60,335
60,335
49,771
559
50,330
Staff Costs
Wages & Salaries
439,578
439,578
390,012
1,647 391,659
Publlcity & Marketlng
Publicity & Marketing
Social Media
49,928
9,553
49,928
9,553
48,239
16,199
48,239
16,199
59,481
59,481
64,438
64,438
26

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number: 086S8085
NOTES TO THE FINANCIAL STATEMENTS
Expenditure on Charitable Activities (Continued)
Unrestrlcted Restrlcted
Funds
Funds
Total
2025
Unrestricted
Funds
Restrlcted
Funds
Total
2024
Support Costs
Training
Travel & Subsistence
Health & Safety
Licences
Printing, Postage &
Stationery
Legal & Professional Fees
Audit & AccoLtntancy
Bank & Credit Card
Charges
Ticketing Charges
Sundry Expenses
Depreciation of Equipment
2,199
1,228
2,877
31,030
2,199
1,228
2,877
31,030
1,883
1,258
5,073
30,381
1,883
1,258
5,073
30,381
1,516
2,592
15,206
1,516
2,592
15,206
1,382
1,699
12,828
1,382
1,699
12,828
856
33,689
2,345
4,188
856
33,689
2,345
4,188
882
32,594
787
339
882
32,594
787
4,312
3,973
97,726
97,726
89,106
3,973
93,079
Total Charitable Activities
Expenditure
1,468,631
1,468,631
1,370,037
14,125 1,384,162
27

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
NOTES TO THE FINANCIAL STATEMENTS
Staff Costs
2025
2024
Salaries & Wages
Social Security Costs
Pension Contributions
407,730
24,193
7,655
361,870
22,643
7,146
439,578
391,659
No employee earned £60,000 per annum or more12024.. None}.
The average number of persons lexcluding tru5teesl employed during the year was 23 {2024.. 211.
The full time equivalents were 15.512024.. 14.51.
The key management personnel of the group comprise those of the charity and those of its whollv
owned sul)sidiary Trading Ltd. The key management personnel is identified as the executive
director, marketing and communications manager, technical and facility manager, artistic programmer,
management accountant and operations manager. The total employee benefits, inclusive of pension
and social security costs of key management personnel of the charity and group were £169,30212024'.
£185,500).
Trustee Remuneratlon and Related Party Transactlons
The Trustees who are all directors received no remuneration during the year. No expense5 have been
reimbursed to directors during the year12024: £Nil}.
The Charity's wholly owned subsidiary, ThA Trading, operates the Brewhou5e bar, kiosks, sales of
merchandise and art works and the hire of all facilities not required for core purpose. Profits from these
activities are transferred to Taunton Theatre Association Ltd by means of a ch3ritabSe donation.
Trading also pay a service charge to the Charity to cover costs associated with rrA trading overheads
and operating costs.
The Trustee Eddie Caines 15 a Film Programme Consultant. During the year £2,76912024: £2,534) was
invoiced for Cinema Programming by his consultancy business.
Taxation
As a charity, Taunton Theatre Association Limited is exempt from tax on income and gains falling within
section 505 ofthe Income and Corporation Taxes Act 1988 and section 256 of theTaxation of Chargeable
Gains Act 1992, to the extent that these are applied to its charitable objects.
28

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
NOTES TO THE FINANCIAL STATEMENTS
Company Number.. 08658085
Tangible Fixed As5ets- Charlty and Group
Tools &
Other
Cafe
Equipment Equipment
Sound &
Lighting
IT
Equlpment
Total
Cost
At l April 2024
Additions
119,396
14,649
2,126
17,904
11,253
19,866
171,815
13,379
At 31 March 2025
119,396
16,775
29,157
19,866
185,194
Depreclation
At l April 2024
Charge for Year
93,386
6,943
14,649
133
16,964
2,091
5,125
3,973
130,124
13,140
At 31 March 2025
100,329
14,782
19,055
9,098
143,264
Net Book Value
At 31 March 2025
19,067
1,993
10,102
10,768
41,930
At 31 March 2024
26,010
940
14,741
41,691
Included within tools and equipment of group fixed assets are assets with a net book value of £5,288
12024.. £9411 which are held in the trading subsidiary.
io.
Investments
Charlty
Total
2025
Total
2024
rrA Trading Limited
Ordinary shares of £1 each
A Trading Ltd Icompany no 090110081 was incorporated on 25 April 2014 as a wholly owned trading
subsidiary of Taunton Theatre Association Limited. The parent charity holds IOO/o of the issued share
capital and 100% of the voting rights of the subsidiary trading company.
The principal activities of the company was that of operation of the theatre bar and café, The trading
subsidiary gift aids its taxable profits to Taunton Theatre Association Limited. The Registered Office is
The Brewhouse Theatre and Arts Centre, Coal Orchard, Taunton, Somerset, TAI IJZ.
29

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number,. 08658085
NOTES TO THE FINANCIAL STATEMENTS
io.
Investments (Continued)
The results of TTA Trading Limited were as follows:.
2025
2024
Turnover
216,001
190,723
Costs of sales
180,0621
175,5981
Gross prof it
135,939
115,125
Administrative expense5
157,6951
161,8241
Operating profit
78,244
53,301
Interest receivable and similar income
689
Prof it before taxation
78,933
53,301
Gift aid to Taunton Theatre Association Limited
78,933
9,586
The assets and liabilities were:_
Fixed assets
Current assets
Current liabilitie5
5,288
81,429
119,5431
941
75,774
(15,7551
Total assets less current liabilities
67,174
60,960
Called up share capital
Retained earnings
67,173
60,959
67,174
60,960
ii.
Debtor5
2025
2024
Group
Charity
Group
Charlty
Trade Debtors
Prepayments
Accrued Income
Other Debtor5
6,381
5,783
2,085
92,040
3,126
5,783
2,085
88,701
19,624
3,506
952
43,272
17,956
3,506
952
39,933
106,289
99,695
67,354
62,347
30

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
NOTES TO THE FINANCIAL STATEMENTS
12.
Creditor5: Amounts falling due within one year
2025
2024
Group
Charity
Group
Charity
Trade Creditors
Taxation & Social security
Accrua15
Ticket sales received in advance
VAT
47,248
8,199
56,203
295,617
10,980
46,165
8,199
53,813
292,042
24.718
7,215
65,275
324,342
8,984
22,540
7,215
64,254
324,342
418,247
400,219
430,534
418,351
13.
Statement of Funds- Group and Charltv
At31
March
2025
At l April
2024
Income
Expenditure
Transfer
Unrestricted funds
General
217,368 1,623,922
11,583,587)
257,703
14.
Analy51s of Net Assets Between Funds- Group
2025
Total
2024
Total
Unrestricted
Restricted
Unrestricted
Restricted
Fixed Assets
Net Current Assets
41,930
215,773
41,930
215,773
41,691
175,677
41,691
175,677
257,703
257,703
217,368
217,368
15.
Capital Commitments
At 31 March 2025 the charity had no capital commitments12024: Nill.
Called up Share Capital
16.
The company is limited by guarantee and as such has no issued share capital.
31

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
NOTES TO THE FINANCIAL STATEMENTS
17.
Auditors Remuneratlon
Charit
Subsidiar
2024
Total
2025
2024
2025
2025
2024
Audit
Accounting services
Corporation tax
8,220
5,469
1,517
7,128
4,740
960
8,220
6,219
1,517
7,128
5,240
960
750
500
15,206
12,828
750
500
15,956
13,328
18.
Lease Commitments
Minimum lease payment of the group all due as follows..
2025
2024
Within one year
Between one and five years
425
2,324
425
425
2,749
19.
Reconciliation of Net Movements in Funds to Net Cashflows from Operating Activities
2025
2024
Group
Charlty
Group
Charlty
Net Movement in Fund5 las per statement of
financial activities)
Adjustments for:.
Investment Income
Depreciation
40,335
34,121
95,904
52,189
113,4361
13,140
112,7471
11,133
(5,2801
10,801
15,2801
10,227
Movements in Working Capital:.
Ilncroasel in Stock
Ilncreasel/Decrease in Debtors
{Decreasel/lncrease in Creditors
11,8161
138,9351
(12,2871
11,9831
5,581
56,462
137,3481
118,1321
4,206
48,653
Cash (used inl/provided by Operating
Activities
112,9991
122,973}
161,485
109,995
32

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number.. 08658085
NOTES TO THE FINANCIAL STATEMENTS
20.
Prlor Year Statement of Funds- Group and Charitv
At l April
2023
At 31 March
2024
Income
Expenditure
Transfer
Unrestricted funds
General
82,617
1.589,346
11,484,659)
30,064
217,368
Restricted funds
Café Project
Studio Seating
Studio Flooring/Lighting
Audio Equipment
Warm Spaces
Craft Workshop5
SASP Grant
18,714
10,000
5,000
5,133
13,9731
11,6721
18051
11,100)
{3,2501
11,768)
11,5571
114,7411
{8,3281
14,1951
14,0331
1,000
176
57
2,250
1,592
1,500
38,847
5,342
114,1251
130,0641
Restricted income funds are for specific artistic productions and activities undertaken by the company.
The Café Project was funded by a grant from Somer5et County Council to redevelop the Theatre's Café.
The balance on the fund represented the net book value of the assets purchased, the restriction has
therefore been fulf illed and the fund balance held as fixed assets transferred to the general reserve.
The Studio Seating Fund consists of a donation received specifically towards the new seating in the
Studio and related adjustments to the room. The donors approved the use of any remaining funds to
the overall studio project. The balance on the fund represented the net book value of the assets
purchased, the restriction has therefore been fulfilled and the fund balance held as fixed assets
transferred to the general reserve.
The Studio flooring/lighting fund is a grant from the Theatres Trust towards repairing the Studio floor
and improving the lighting rig. The balance on the fund represented the net book value of the assets
purchased. the restriction has therefore been fulfilled and the fund balance held as fixed assets
transferred to the general reserve.
The Audio equipment fund consist of donations received for Audio description equipment increasing
accessibility of the theatre. The balance on the fund represented the net book value of the assets
purchased, the restriction has therefore been fulfilled and the fund balance held as fixed assets
transferred to the general reserve.
Warm Spaces funding was received from Taunton Town Council and SCF was to enable the Charity to
open early, provide daily activities and provide sub5idised hot meals during the period December to
February.
The craft workshops were funded by Taunton Town Council and were to enable familie5 to take part in
workshops at no or low cost during the autumn.
The SASP grant was received to fund places on weekly activities during the school holidays for children
who would otherwise receive free school meals.
33

TAUNTON THEATRE ASSOCIATION LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
Company Number: 086S8085
21.
Post Balance Sheet Events
As anticipated, Somerset Council confirmed that they would be unable to provide funding from April I
2025 due to their own financial constraints. They a Iso served notice of their intention to exercise the
break clause in the lease for the premises on 30 April 2026. Somerset Council 31so began formal
negotiations with Taunton Theatre Association Ltd (TTAI for a new lease to come into effect on l May
2026. This provides for ThA to hold a full repairing and insuring lease for the Brewhouse Theatre and
Arts Centre for 50 years. Somerset Council retain landlord responsibilities for repairing and insuring the
buildings until 30 April 2026.
TTA agreed the new lease documents in October 2025 but when applying to register the same with Land
Registry, it learned of applications pending due to the Land Registry's own backlog which relate to
restrictions on Title. These are thought to relate to the wider Coal Orchard development rather than to
the Brewhouse itself. In view of the need to complete the lease arrangements now, an agreement has
been reached with Somerset Council where it will assist ThA in resolving any matters that arise when
Land Registry processes these applications. The new lease is therefore to be concluded immediately.
On 11 November 2025 Taunton Town Council formally adopted the motion to put in place the 5-year
Funding Agreement for Taunton Theatre Association which will come into effect on l April 2026, ￿A is
most grateful to Taunton Town Council for thus contributing to the future of Taunton Brewhouse.
34