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|||Page|
|---|---|---|
|Reference and Administrative<br>Details|||
|Trustees'<br>Report||2-7|
|Auditors'<br>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<br>Financial Statements|16-30|
|Appendix<br>to|the accounts||





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



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|||||General|Deisgnated|Deisgnated|Restricted|2021|General|Deisgnated|Restricted|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Notes|funds<br>8||funds|fundsf|Total<br>F|funds<br>8|funds<br>6|funds|Total<br>E|
|Income and endowments||from:|2||||||||||
|Donations<br>and|legacies||3|'379,789||50,000||429,789|525,941|||525,941|
|Charitable<br>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<br>on:|||||||||||||
|Raising funds:|||||||||||||
|Commercial|trading operations|||3,153||||3,153|21,659|||21,659|
|Charitable<br>activities:<br>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|Statement ofFinancial Activities|(including|Income and|Expenditure|Account)|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||for|the year ended 31 March|||2021|||||
||||||||||General<br>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<br>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|





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|||||2021||2020||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||||Notes|Group<br>F||Group||Charity<br>f|Charity<br>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<br>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|






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||||2021|2020|
|---|---|---|---|---|
||Notes||K|F|
|Cash flows from group operating<br>activities||28|141,748|313,485|
|Cash flows from group investing<br>activities:|||||
|Dividends,<br>interest and rents from investments||||1|
|Purchase ofproperty,<br>plant and equipment|||(3,065)|(4,032)|
|Net cash provided<br>by group investment|activities||(3,065)|(4,031)|
|Cash flows from group financing<br>activities:|||||
|Net repayments<br>ofborrowings<br>and leases.||||(184,987)|
|Net cash provided<br>by group financing<br>activities||||(184,987)|
|Change<br>in cash at bank and in hand<br>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|





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||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,<br>interest and rents from investments||||||1|
|Purchase of property,<br>plant and equipment|||||(3,065)|(4,032)|
|Net cash provided<br>by charity investment||activities|||(3,065)|. (4,031)|
|Cash flows from charity financing|activities:||||||
|Net repayments<br>ofborrowings<br>and leases||||||(184,987)|
|Net cash provided<br>by charity financing||activities||||(184,987)|
|Change<br>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|





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|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|





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|5.|Income from other trading|activities|2021f|2020<br>R|
|---|---|---|---|---|
||Commercial<br>trading operations||||
||Bar/hire income||2,058|53,289|
|6.|Expenditure<br>on raising funds||2021|2020f|
||Commercial<br>trading operations||||
||Bar/hire costs||3,153|21,659|
||||3,153|21,659|
|7.|Expenditure<br>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<br>costs (see below)||8,000|8,750|
||||373,124|410,638|
||Support costs<br>.||||
||Office overheads/administration||.119,169|166,348|
||Depreciation<br>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|





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



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|11.|Staff costs and numbers|Group||Charity||
|---|---|---|---|---|---|
|||2021|2020<br>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|



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||Group|||Charity||
|---|---|---|---|---|---|
|2021||2020|2021||2020|
|Number||Number|Number||Number|



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|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|





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|2021|2020|
|---|---|
||E|



|Turnover||
|---|---|
|Cost ofsales/administrative|costs|
|Profit for the year||



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|2021|2020|
|---|---|
|E|E|



|Turnover||
|---|---|
|Cost ofsales/administrative|costs|
|Profit for the year||





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||The summa|ry|financial<br>performance<br>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<br>K|
||Stocks|||||3,000||3,000|
|||||||3,000||3,000|





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||||||||
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|19.|Debtors||Group||Charity||
||||2021|2020|2021|2020|
||||||R|f.|
||Trade debtors||747|240|747|240|
||Amounts<br>owed by group undertakings||||121|221|
||Other debtors||5,688|5,978|5,688|5,978|
||Prepayments<br>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<br>2020<br>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|



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|22.|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|



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|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<br>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|



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|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|



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|||||Group|||Charity||
|---|---|---|---|---|---|---|---|---|
||||2021||2020|2021f||2020|
|Due:|||||||||
|Within|one|year|||1,026|||1,026|
||||||1,026|||1,026|



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|Reconciliation of ne<br>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<br>activities)||||||
|Depreciation||||42,463|43,907|
|Dividends,<br>interest and rents from investments|||||(1)|
|Decrease/(increase)|in stocks|||3,000||
|Decrease<br>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<br>f|2020f|
|Charity||||||
|Net income for the reporting||period (as per the statement||99,792|224,282|
|offinancial<br>activities)||||||
|Depreciation||||42,463|43,907|
|Dividends,<br>interest and rents from investments|||||(1)|
|Decrease/(increase).|in stocks|||3,000|.(3,000)|
|Decrease<br>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|