2021-03-31-accounts - Tara Arts Group

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		Page
Reference and Administrative Details
Trustees' Report		2-7
Auditors' Report		8-10
Consolidated	Statement of Financial Activities	11-12
Consolidated	and Charity Balance Sheets	13
Consolidated	Cash Flow Statement	14
Cha'rity Cash	Flow Sta'tement	15
Notes to the	Corisolidated Financial Statements	16-30
Appendix to	the accounts

Ajay Chhabra	appointed	20September 2021
Anthony Clark	resigned 30July 2021
Anu Giri
Andrew Given	appointed	7December 2020
Neha Jain
Helen Jeffreys
Sunita Pandya (Chair)	appointed	3June 2020
Margaret Peacock	resigned 2September 2020
Sagar Shah	appointed	7December 2020

				General	Deisgnated	Restricted	2021	General	Deisgnated	Restricted	2020
			Notes	funds 8	funds	fundsf	Total F	funds 8	funds 6	funds	Total E
Income and endowments		from:	2
Donations and	legacies		3	'379,789	50,000		429,789	525,941			525,941
Charitable activities:
Theatre				336		43,886	44,222	65,296		19,000	84,296
Other trading activities
Commercial	trading operations			2,058			2,058	53,829			53,829
Investments								1			1
Total				382,183	50,000	43,886	476,069	645,067		19,000	664,067
Expenditure on:
Raising funds:
Commercial	trading operations			3,153			3,153	21,659			21,659
Charitable activities: Theatre				333,490,12,203		27,431	373,124	410,638			410,638
Interest payable								7,488			7,488
Total					12,203	27,431	376,277	439,785			439,785
Net income carried forward				45,540	37,797	16,455	99,792	205,282		19,000	224,282

						Consolidated	Statement ofFinancial Activities	Statement ofFinancial Activities	Statement ofFinancial Activities	Statement ofFinancial Activities	(including	Income and	Expenditure	Account)
								for	the year ended 31 March			2021
								General Designated		Restricted		2021	General	Designated	Restricted	2020
								funds	funds		funds	Total	funds	funds	funds	Total
						Notes		6	6		6	8	8		f
	Net;income	brought-forward						45,540	37,797		16,455	99,792	205,282		19,000 .	224,282
	Transfers between			funds		22	23	2'7,195			(27,195)		(568,576)	595,771	(27,195)
'	Net movement		in	funds				72,735	37,797		(10,740)	99,792	(363,294)	595,771	(8,195)	224,282
	Reconciliation		of	fuhds:
	Total funds	brought			forward			.34,987	595,771		2,657,177	3,287,935	398,281		2,665,372	3,063,653
	Total funds	carried			forward	22,	23	107,722	633,568		2,646,437	3,387,727	34,987	595,771	2,657,177	3.287,935

				2021		2020		2021	2020
			Notes	Group F		Group		Charity f	Charity f
	Fixed assets:
	Tangible assets		15	3,194,550		3,233,948		3,194,550	3,233,948 .
'	Investments		16					2	2
				3,194,550		3,233,948		3,194,552	3,233,950
	Current assets:
	Stocks		18			3,000			3,000
	Debtors		19	8,464		21,671		8,585	21,892
	Cash at bank and	in hand		204,761		66,078		204,638	65,855
	Liabilities:			213,225		90,749		213,223	90,747
	Creditors: amounts	falling
	due within one year		20	(20,048)		(36,762)		. (20,048)	(36,762)
	Net current assets			193,177		53,987		193,175	53,985
	Total assets less	current
	liabilities			3,387,727		3,287,935		3,387,727	3,287,935
	The funds ofthe	charity:
	General funds			107,722	'	34,987		107,722	34,987
	Designated funds			633,568		595,771		633,568	.595,,771
							'
	Total unrestricted	funds	22	741,290		630,758		741,290	630,758
	Restricted income	funds	23	2,646,437		2,657,177		2,646,437	2,657,177
	Total charity funds			3,387,727		3,287,935		3,387,727	3,287,935

			2021	2020
	Notes		K	F
Cash flows from group operating activities		28	141,748	313,485
Cash flows from group investing activities:
Dividends, interest and rents from investments				1
Purchase ofproperty, plant and equipment			(3,065)	(4,032)
Net cash provided by group investment	activities		(3,065)	(4,031)
Cash flows from group financing activities:
Net repayments ofborrowings and leases.				(184,987)
Net cash provided by group financing activities				(184,987)
Change in cash at bank and in hand in the	reporting	period	138,683	124,467
Cash at bank and in hand at the beginning	ofthe reporting
period			66,078	(58,389)
Group cash at bank and in hand at the	end ofthe	reporting
period			204,761	66,078

	Charity Cash	Charity Cash	Charity Cash	Flow Statement	Flow Statement
	forthe year ended 31 March				2021
					2021	2020
		Notes
Cash flows from charity operating	activities			28	141,848	313,262
Cash flows from charity investing	activities:
Dividends, interest and rents from investments						1
Purchase of property, plant and equipment					(3,065)	(4,032)
Net cash provided by charity investment		activities			(3,065)	. (4,031)
Cash flows from charity financing	activities:
Net repayments ofborrowings and leases						(184,987)
Net cash provided by charity financing		activities				(184,987)
Change in cash at bank and in hand	in the	reporting	period		138,783	124,244
Cash at bank and in hand at the beginning		ofthe reporting
period					65,855	(58,389)
Charity cash at bank and in hand	atthe	end ofthe		reporting
period					204,638	65,855

Income from donations	Income from donations	and legacies	2021	2020
Grants
ACE funding			287,662	310,774
Other revenue	funding		139,768	180,000
			427,430	490,774
Donations
.Individual/sundry			2,359	35,167
			429,789	525,941
Income from charitable		activitie's	2021f	2020
Theatre income
Boxoffice/fees			336	65,296
Project specific funding			43,886	19,000
			44,222	84,296

5.	Income from other trading	activities	2021f	2020 R
	Commercial trading operations
	Bar/hire income		2,058	53,289
6.	Expenditure on raising funds		2021	2020f
	Commercial trading operations
	Bar/hire costs		3,153	21,659
			3,153	21,659
7.	Expenditure on charitable	activities	2021	2020f
	Theatre
	Production costs
	Direct theatrical/production	costs	58,957	79,492
	Support costs (see below)		306,167	322,396
	Governance costs (see below)		8,000	8,750
			373,124	410,638
	Support costs .
	Office overheads/administration		.119,169	166,348
	Depreciation offixed assets		42,463	43,907
	Staff costs.		'139,076	99,761
	Professional/financial		5,459	12,380
	;I
			306,167	322,396
	Governance costs
	Accountancy/consultancy		2,750	3,500
	Audit		5,250	5,250
			8,000	8,750

Interest payable			2021		2020 f
Bank loan interest					7,488
Net income forthe year Is	Group			Charity
.stated after charging:	2021	2020	2021	2020
	K
Depreciation oftangible fixed assets	42,463	43,907	42,463		43,907
Auditors' remuneration:
-external audit	5,250	5,250	3,000		3,000
-other services	2,750	3,500	2,000		2,000

Staff costs and numbers	Group		Charity
	2021	2020 f	2021	2020
Staffcosts
Salaries and wages	126,932	91,916	126,932	91,916
Social security costs	9,088	5,703	9,088	5,703
Pension costs	3,056	2,142	3,056	2,142
	139,076	99,761	139,076	99,761

	Group			Charity
2021		2020	2021		2020
Number		Number	Number		Number

Fixed assets -tangible ass	ets
	Freehold	Studio	Theatre
	land/	fixturesl	fixturesl	Office
Group and Charity	buildings	fittings	fittings	equipment	Total
	R			R
Cost Ivaluation
1 April 2020	3,377,021	46,498	35,433	13,563	3,472,515
Additions				3,065	3,065
31 March 2021	3,377,021	46,498	35,433	16,628	3,475,580
Depreciation
1 April 2020	179,711	35,421	14,098	9,337	238,567
Charge foryear	33,770	3,692	3,543	1,458	42,463
31 March 2021	213,481	39,113	17,641	10,795	281,030
Net dook values
31 March 2021	3,163,540	7,385	17,792	5,833	3,194,550
31 March 2020	3,197,310	11,077	21,335	4,226	3,233,948

2021	2020
	E

Turnover
Cost ofsales/administrative	costs
Profit for the year

2021	2020
E	E

Turnover
Cost ofsales/administrative	costs
Profit for the year

	The summa	ry	financial performance oft	he parent cha	rity alon	e is:
							2021	2020
								f
	Income and		endowments				476,069	664,067
	Expenditure		on charitable activities				(376,277)	(439,785)
	Net incoming		resources				99,792	224,282
	Total funds	brought forward					3,287,935	3,063,653
	Total funds	carried forward					3,387,727	3,287,935
	Represented		by:
	General reserves						107,722	34,987
	Designated	funds					633,568	595,771
	Restricted	income funds					2,646,437	2,657,177
							3,387,727	3,287,935
18.	Stocks				Group		Charity
				2021		2020	2021f	2020 K
	Stocks					3,000		3,000
						3,000		3,000


19.	Debtors		Group		Charity
			2021	2020	2021	2020
					R	f.
	Trade debtors		747	240	747	240
	Amounts owed by group undertakings				121	221
	Other debtors		5,688	5,978	5,688	5,978
	Prepayments and accrued income		2,029	15,453	2,029	15,453
			8,464	21,671	8,585	21,892
20.	Creditors: amounts	falling due	Group		Charity
	within one year		2021f	2020	2021 2020 K
	Trade creditors		5,408	22,282	.5,408	22,282
	Other taxation/social	security	3,716	2,457	3,716	2,457
	Other creditors		1,924	444	1,924	444
	Accruals		9,000	11,579	9,000	11,579
			.20,048	36;762	20,048	36,762

Unrestricted	funds	Brought	Incoming	Outgoing	Transfers	Carried
		forward	resources	resources		forward
					f	E
Group
General fund		34,987	382,183	(336,643)	27,195	107,722
Designated	funds:
Fixed asset	fund	595,771		(12,203)		583,568
Garfield Weston fund			50,000			50,000
		630,758	432,183	(348,846)	27,195	741,290
Charity
General fund		34,987	382,183	(336,643)	27,195	107,722
Designated	funds:
Fixed asset	fund	595,771		(12,203)		583,568
Garfield Weston fund			50,000			50,000
		630,758	432,183	(348,846)	27.,195	741,290

Group and Charity	Brought	Incoming	Outgoing	Transfers	Carried
	forward	resources	resources		forward
			f	K
Fixed asset fund	2,638,177			(27,195)	2,610,982
Tara Education Programme	4,000	(4,000)
Artistic Associate project		20,000			20,000
Tara Theatre Programme	15,000	27,886	(27,431)		15,455
	2,657,177	43,886	(27,431)	(27,195)	2,646,437

Analysis ofne	t assets between fun	ds
		General	Designated	Restricted	Total
		funds	funds	funds
Group
Fund balances	at 31 March 2021
are represented	by:
Tangible fixed	assets		583,568	2,610,982	3,194,550
Net current assets		107,722	50,000	35,455	193,177
		107,722	633,568	2,646,437	3,387,727
		General	Designated	Restricted	Total
		funds	funds	funds
Charity			R	R
Fund balances	at 31 March 2021
are represented	by:
Tangible fixed	assets		583,568	2,610,982	3,194,550
Investments		2			2
Net current assets		107,720	50,000	35,455	193,175
		107,722	633,568	2,646,437	3,387,727


			2021	2020	2021f	2020
Due:
Within	one	year		1,026		1,026
				1,026		1,026

Reconciliation of ne activities.	t income	to net cas	hflow from group and	charity operating
				2021f	2020
Group
Net income for the reporting		period (as per the statement		99,792	224,282
offinancial activities)
Depreciation				42,463	43,907
Dividends, interest and rents from investments					(1)
Decrease/(increase)	in stocks			3,000
Decrease in debtors				13,207	86,271
(Decrease) in creditors				(16,714)	(40,974)
Net cash outflow from group operating			activities	141,748	313,485
				2021 f	2020f
Charity
Net income for the reporting		period (as per the statement		99,792	224,282
offinancial activities)
Depreciation				42,463	43,907
Dividends, interest and rents from investments					(1)
Decrease/(increase).	in stocks			3,000	.(3,000)
Decrease in debtors				13,307	." 77,804'
(Decrease)/increase	in creditors			(16,714)	29,730
Net cash outflow from charity operating			activities	141,848	313,262