## |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| ## ##