2023-03-31-accounts

Contents			Page
Reference and Administrative		Details
Trustees Report			2to 14
independent Examiner's	Report		15516
Statement of Financial Activities
Balance Sheet			18K19
Statement ofCash Flows			20
Notes to the Accounts			21to31

TAKE AR	T LIMITED	T LIMITED	T 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 A Jones (left April 22)
					Ms K LWickett (left September			22)
					Ms SA Comer-Jones
					Ms M Terracciano	(left September 22)
					Ms JDurney (left	March 23)
					Mr SLee-French
					Mr R Henley
					Mr Steve Joel (joined September			22)
					Mr Luca Silvestrini		(joined September		22)
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 CM13 3BE
					Hampshire Trust Bank
					Savings, PO Box74003
					London EC2P 2QR
					The Co-Operative	Bank pic
					1Balloon Street
					Manchester M4 4BE
					Page 1

					Un-
				Notes	restricted	Restricted	2023	2022
					f	f	f	f
Income and Expenditure
Income
Income and endowments		from:
Donations and iegacies					185,879	34,767	220,646	191,882
Charitable activities					64,421	271,121	335,542	291,958
Income from	investments				1,050		1,050	981
Total income					251,350	305,888	557,238	484,821
Expenditure
Expenditure on:
Raising funds					4,052		4,052	4,052
Charitable activities					227,178	315,935	543,113	497,705
Governance	costs				8,252		8,252	12,632
Total expenditure					239,482	315,935	555,417	514,389
Net income/(expenditure)			before tax		11,868	(10,047)	1,821	(29,568)
Tax payabie
Net Income/(expenditure)			for the year		11,868	(10,047)	1,821	(29,568)
Transfers between	funds
Net movement ln	funds				11,868	(10,047)	1,821	(29,568)
Reconciliation offunds:
Fund Balances at	1April	2022			173,517	202,028	375,545	405,113
Fund Balances at	31March		2023		185,385	191,981	377,366	375,545

				Balance Sheet as at31March 2023
				Notes	2023	2022
					E	f
Current Assets
Debtors					63,566	65,433
Cash at bank and	in	hand			367,717	405,851
					431,283	471,284
Creditors - amounts		falling due within		one year	53,917	95,739
Total Assets less	Current		Liabilities		377,366	375,545
Total net assets					f377,366	E375,545
Funds ofthe charity
Restricted funds					191,981	202,028
Unrestricted funds
Designated funds				10	79,542	72,561
Other Charitable	funds			11	105,843	100,956
Tota Ifunds					E377,366	f375,545

						Notes	2023	2022
							E	F
Net cash from operating	activites
Net income/(expenditure)		for the year					1,821	(29,568)
Interest received							(1,050)	(981)
(Increase)/Decrease in debtors							1,867	(61,524)
Increase/(Decrease) in creditors							(41,822)	71,602
Net cash absorbed (2023		-generated)	by operating		activities		(39,184)	(20,471)
Cash flows from investing		activities
Interest received							1,050	981
Net cash used in investing		activities					1,050	981
Net cash used in financing		activities
Net decrease in cash and		cash equivalents					(38,134)	(19,490)
Cash and cash equivalents		at the beginning		ofthe	year		405,851	425,341
Cash and cash equivalents		at the end	ofthe year				367,717	405,851

Income		Un-
		restricted	Restricted	2023	2022
Analysis ofincome		E	E	E	E
Donations and legacies
Local authorities		22,500	34,767	57,267	28,504
Arts Council for England South	West	163,379	-	163,379	163,378
		185,879	34,767	220,646	191,882
Charitable activities
Rural Touring		51,625		51,625	39,323
Income from defined charitable	projects	12,708	271,121	283,829	252,623
Other incoming resources		88		88	12
		64,421	271,121	335,542	291,958
Income from investments
Interest Income		1,050		1,050	981
		1,050		1,050	981
Total Income		251,350	305,888	557,238	484,821

5	Expenditure				Un-
					restricted	Restricted	2023	2022
					f	f	E	f
	Raising funds
	Salaries				4,052		4,052	4,052
					4,052		4,052	4,052
	Charitable	activities
	Salaries				123,055	154,113	277,168	232,867
	Establishment		expenses		11,690		11,690	11,347
	Artists fees	and		ancillary
	expenditure				44,760	95,882	140,642	181,210
	Administrative			expenses	23,235	49,970	73,205	36,000
	Travel				9,415	15,272	24,687	21,206
	Marketing				8,256	493	8,749	7,679
	Book keeping				6,844		6,844	6,221
	Foreign currency (gain)/loss				(967)		(967)
	Finance charges				890	205	1,095	1,175
					227,178	315,935	543,113	497,705
	Governance		costs
	Salaries				4,052		4,052	4,052
	Accountancy				2,800		2,800	3,360
	Independent		examination/Audit		1,400		1,400	5,220
					8,252		8,252	12,632
	Total expenditure				239,482	315,935	555,417	514,389

6	Net Income/Expenditure	Net Income/Expenditure	Net Income/Expenditure			2023	2022
						f	f
	Net income/expenditure			is arrived	at after charging-
	Independent	examiners		remuneration		1,400	1,320
	Other fees	paid	to the independent		examiner	2,800	3,360
7	Debtors					2023	2022
						f	f
	Workshop,	performance		and travel	fees	61,649	63,796
	Pre payments					1,917	1,637
						63,566	65,433
8	Creditors -	Amounts falling due within one year				2023 f	2022 f
	Grants invoiced		in advance			8,000	19,500
	Other creditors					38,733	69,808
	Accruals					7,184	6,431
						53,917	95,739

Restricted	Funds
					Transfers
		At 1Aprl[	Movements	in resources	between	At 31March
		2022	Incoming	Outgoing	restricted	2023
					funds
		E	E	E	E	E
Barn		4,162	165	2,567		1,760
Cultivate			8,613	2,630		5,983
Dance Services		900		900
Emerge			3,400	1,150		2,250
EYS/W Network		29,857	52,339	49,242		32,954
EYMaking		113,823	115,705	118,183		111,345
EY Music	Strategy		6,000	6,000
Jump		1,600				1,600
Kickstart		1,245	5,425	6,670
Little Big	Dance	1,409	15,441	8,795		8,055
MyTunes	SFS		8,900	8,900
Our Turn		9,541	14,670	6,157		18,054
Outthere	2		7,500	7,500
Perform Europe			5,580	5,580
RIOTE 3		275	5,937	6,212
RDTI 2		896		896
RTDI 3			15,335	10,614		4,721
Ruritage		36,349	29,633	65,982
Wordplay		1,971	11,245	7,957		5,259
		202,028	305,888	315,935		191,981

	At 1April	New				At31March
	2022 f	designationsf		Released f	Transfers f	2023 f
Redundancy	37,536		5,656			43,192
Illness	5,775			825		4,950
Theatre	2,350		1,150			3,500
Take Art	12,000		2,500			14,500
My Tunes	6,400					6,400
Rural Touring	7,000					7,000
Dance	1,500			1,500
	72,561		9,306	2,325		79,542

			2023
			f
Fund	balance	at 1April 2022	100,956
Net	incoming	resources after transfers	6,887
Fund	balance	at31March 2023	107,843

	We have embarked on a fundrais funding for Take Art.	We have embarked on a fundrais funding for Take Art.	We have embarked on a fundrais funding for Take Art.	ing programm	e a	im	ing to r	eplace some oft	he lost local authority
12	Analysis ofNet Assets Between			Funds
					Unrestricted			Restricted		Total
							Funds	Funds		Funds
	Fund balances at	31March 2023					f	f		f
	are represented	by-
	Current assets					239,302		191,981		431,283
	Current liabilities						53,917			53,917
						185,385		191,981		377,366
13	Directors/Trustees		Remuneration and Expenses
									2023	2022
									f	f
	Director/Trustee	remuneration
	Director/Trustees		expenses							50
										50
14	Employees
	The average number, including The equivalent full time number			part time employees, for the ofemployees was 8(2022:				year was 11(2022:11). 8). No employees earned f60,000per
	annum or more.
									2023	2022
									f
	Total remuneration
	Gross wages and	salaries							257,357	218,875
	National insurance		contributions						17,981	13,426
	Employers pension		contributions						9,934	8,670
									285,272	240,971

2023	2022
f	f

Commitments	Commitments	Under	Operating Leases		2023 f	2022 f
Lease	payments	recognised as an expense			9,646	9,646
Annual	commitments		under non-cancellable	operating	Land and	Land and
At the	balance	sheet	date were as follows:		Buildings	Buildings
					2023	2022
					f
Operating leases which expire:
within	one year				9,648	9,648
					9,648	9,648