## ## |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| ##