2022-03-31-accounts

Contents			Page
Reference and Administrative		Details
Trustees Report			2to 14
independent Examiner's	Report		15516
Statement ofFinancialActivities			17
Balance Sheet			18%19
Statement ofCash Flaws			20
Notes to the Accounts			21to 31

TAKE ART LIMITED	TAKE ART LIMITED
Reference	and Administrative			Details
Governing	instrument				Memorandum and Articles ofAssociation
Status					The company does not have a share capital and is limited		by
					guarantee.
Company	Registration		Number		02203943
Charity Registration		Number			298671
Trustees/Directors					Mrs A Dawson
					Ms AJones
					Ms K LWickett
					Mr TSaunders (left February 2022)
					Mr M Woods (left	September 2021)
					Ms S A Comer-Jones
					Ms M Terracciano
					Ms A Young (left December 2021)
					Ms J Durney
					Mr SLee-French (joined April 2021)
					Mr R Henley (joined February 2022)
Company	Secretary				Ms R H Copping
Senior Management					Mr R Lister (Executive Director)
Principal Address					The Mill
					Flaxdrayton Farm
					South Petherton
					Somerset TA13 SLR
Bankers					Lloyds Bank pic
					64 High Street
					Street, BA16OED
					Aldermore Bank PLC
					Apex Plaza
					Forbury Road
					Reading RG1 1AX
					Shawbrook Bank
					Lutea House, Warley Hill Business Park
					Brentwood
					Essex CM133BE
					Hampshire Trust Bank
					Savings, PO Box74003
					London EC2P 2QR
					The Co-Operative	Bank pic
					1Balloon Street
					Manchester M4 4BE
					Page 2

					Un-
				Notes	restricted	Restricted	2022	2021
					E	E	E	E
income and Expenditure
Income
Income and endowments		from:
Donations and legacies					180,796	11,086	191,882	192,630
Charitable activities					54,495	237,463	291,958	270,539
Income from	investments				981		981	1,855
Total income					236,272	248,549	484,821	465,024
Expenditure
Expenditure on:
Raising funds					4,052		4,052	4,052
Charitable activities					198,011	299,694	497,705	351,501
Governance	costs				8,732	3,900	12,632	8,852
Total expenditure					210,795	303,594	514,389	364,405
Net income/(expenditure)			before tax		25,477	(55,045)	(29,568)	100,619
Tax payable
Net Income/(expenditure)			for the year		25,477	(55,045)	(29,568)	100,619
Transfers between	funds
Net movement in	funds				25,477	(55,045)	(29,568)	100,619
Reconciliation offunds:
Fund Balances at	1April	2021			148,040	257,073	405,113	304,494
Fund Balances at	31March		2022		173,517	202,028	375,545	405,113

				Balance Sheet as at31March 2022
				Notes	2022	2021
					E	E
Current Assets
Debtors					65,433	3,909
Cash at bank and	in	hand			405,851	425,341
					471,284	429,250
Creditors - amounts		falling due within		one year	95,739	24,137
Total Assets less	Current		Liabilities		375,545	405,113
Total net assets					E375,545	E405,113
Funds ofthe charity
Restricted funds					202,028	257,073
Unrestricted funds
Designated funds				10	72,561	82,630
Other Charitable	funds			11	100,956	65,410
Total funds					f375,545	E405,113

					Notes	2022	2021
						f	f
Net cash from operating	activites
Net income/(expenditure)	for the year					(29,568)	100,619
Interest received						(981)	(1,855)
(Increase)/Decrease in debtors						(61,524)	8,543
Increase/(Decrease) in creditors						71,602	4,357
Net cash absorbed (2021-generated)		by operating		activities		(20,471)	111,664
Cash flows from investing	activities
Interest received						981	1,855
Net cash used in investing	activities					981	1,855
Net cash used In financing	activities
Net decrease (2021-increase) In cash		and	cash equivalents			(19,490)	113,519
Cash and cash equivalents	at the beginning		ofthe year			425,341	311,822
Cash and cash equivalents	at the end	ofthe year				405,851	425,341

Income			Un-
			restricted	Restricted	2022	2021
Analysis ofincome			E	E	E	E
Donations and legacies
Local authorities			28,504		28,504	29,252
Arts Council for England	South	West	152,292	11,086	163,378	163,378
			180,796	11,086	191,882	192,630
Charitable activities
Rural Touring			39,323		39,323	7,525
Income from defined charitable		projects	15,160	237,463	252,623	257,108
Other incoming resources			12		12	5,906
			54,495	237,463	291,958	270,539
Income from investments
Interest income			981		981	1,855
			981		981	1,855
Total income			236,272	248,549	484,821	465,024

5	Expenditure				Un-
					restricted	Restricted	2022	2021
					E	E	E	E
	Raising funds
	Salaries				4,052		4,052	4,052
					4,052		4,052	4,052
	Charitable	activities
	Salaries				92,339	140,528	232,867	219,898
	Establishment		expenses		11,347		11,347	7,665
	Artists fees	and		ancillary
	expenditure				47,123	134,087	181,210	78,689
	Administrative			expenses	24,213	11,787	36,000	26,679
	Travel				13,177	8,029	21,206	9,991
	Marketing				3,584	4,095	7,679	949
	Book keeping				5,226	995	6,221	5,888
	Finance charges				1,002	173	1,175	1,742
					198,011	299,694	497,705	351,501
	Governance		costs
	Salaries				4,052		4,052	4,052
	Accountancy				3,360		3,360	3,480
	Independent		examination/Audit		1,320	3,900	5,220	1,320
					8,732	3,900	12,632	8,852
	Total expenditure				210,795	303,594	514,389	364,405

6	Net Income/Expenditure			2022	2021
				E	f
	Net income/expenditure	is arrived	at after charging-
	Independent examiners	remuneration		1,320	1,320
	Other fees paid to the independent		examiner	3,360	3,480
7	Debtors			2022	2021
				E	E
	Workshop, performance	and travel	fees	63,796	2,280
	Prepayments			1,637	1,629
				65,433	3,909
8	Creditors - Amounts falling due within one year			2022 f	2021
	Grants invoiced in advance			19,500	11,000
	Taxation and social security				1,438
	Other creditors			69,808	2,042
	Accruais			6,431	9,657
				95,739	24,137

	At 1April	New			At 31March
	2021 f	designations f	Releasedf	Transfers	2022 f
Redundancy	57,905		20,369		37,536
Illness	7,725		1,950		5,775
Theatre		2,350			2,350
Early Years	1,500		1,500
Take Art		12,000			12,000
My Tunes	6,000	400			6,400
Rural Touring	8,000		1,000		7,000
Dance	1,500				1,500
	82,630	14,750	24,819		72,561

			2022
			f
Fund	balance	at 1April 2021	65,410
Net	incoming	resources after transfers	35,498
Fund	balance	at 31March 2022	100,908

12	Analysis ofNet Assets Between	Analysis ofNet Assets Between	Analysis ofNet Assets Between	Funds
					Unrestricted			Restricted		Total
							Funds	Funds		Funds
	Fund balances at	31March 2022					E	f		E
	are represented by-
	Current assets					269,256		202,028		471,284
	Current liabilities						95,739			95,739
						173,517		202,028		375,545
13	Directors/Trustees		Remuneration and Expenses
									2022	2021
									E	f
	Director/Trustee	remuneration
	Director/Trustees		expenses						50
									50
14	Employees
	The average number, including			part time employees,			for the	year was 11(2021;11).
	The equivalent full		time number	ofemployees	was	8(2021:		8). No employees	earned E60,000per
	annum or more.
									2022	2021
									f	f
	Total remuneration
	Gross wages and	salaries							218,875	207,162
	National insurance		contributions						13,426	12,578
	Employers pension		contributions						8,670	8,262
									240,971	228,002

						2022	2021
						f	f
C Barnes							1,415
Going Concern
The financial statements		have been prepared		on a	going concern	basis. The trustees believe
that there are no material		uncertainties	surronding		the charity's	ability to continue on a going
concern basis.
Commitments	Under Operating Leases					2022	2021 f
Lease payments	recognised as an expense					9,646	6,029
Annual commitments under non-cancellable				operating		Land and	Land and
At the balance	sheet date	were as foliows:				Buildings	Buildings
						2022	2021
						f	f
Operating leases which expire:
within one year						9,648	9,648
						9,648	9,648