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2025-03-31-accounts

TAKE ART LIMITED

Company Number 02203943

Unaudited Financial Statements For the year ended 31 March 2025

NEWTON MAGNUS LTD Chartered Certified Accountants Arrowsmith Court Station Approach Broadstone Dorset BH18 8AT

TAKE ART LIMITED

Unaudited Financial Statements For the year ended 31 March 2025

Contents Page
Reference and Administrative Details 1
Trustees Report 2 to 14
Independent Examiner’s Report 15 & 16
Statement of Financial Activities 17
Balance Sheet 18 & 19
Statement of Cash Flows 20
Notes to the Accounts 21 to 33

TAKE ART LIMITED

Reference and Administrative Details
Governing Instrument Memorandum and Articles of Association
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 (Resigned June 2024)
Ms S A Comer-Jones (Resigned April 2025)
Mr S Lee-French
Mr R Henley (Resigned September 2025)
Mr S Joel
Mr L Silvestrini
Mr D Drake
Ms L Higgins
Company Secretary R H Copping
Senior Management R Lister (Executive Director)
Principal Address The Mill
Flaxdrayton Farm
South Petherton
Somerset TA13 5LR
Bankers Lloyds Bank plc
64 High Street
Street, BA16 0ED
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 Box 74003
London EC2P 2QR
The Co-Operative Bank plc
1 Balloon Street
Manchester M4 4BE

Page 1

TAKE ART LIMITED

Trustees Report for the year ended 31 March 2025

Independent Examiner Craig Dunn FCCA Newton Magnus Ltd Arrowsmith Court Station Approach Broadstone Dorset BH18 8AT

The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the unaudited financial statements for the year ended 31 March 2025 prepared in accordance with section 419(2) of the Companies Act 2006.

The trustees have complied fully with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission. The public benefit is outlined in the Aims of the Organisation section of this report.

Charity Structure, Governance and Management

Take Art was set up in 1987 as Somerset's Rural Arts Development Agency and, recognised as a key strategic organisation for the county, is revenue funded by The Arts Council England South West, Somerset County Council, Taunton Deane Borough Council and West Somerset District Council.

The registered office of Take Art is The Mill, Flaxdrayton Farm, South Petherton, Somerset, TA13 5LR.

Activities are overseen by a Board of Trustees with a minimum number of five members and a maximum of twelve.

Names of Directors:

The Directors are Trustees for the purposes of the Charities Act.

Page 2

TAKE ART LIMITED

Trustees Report – continued

Appointment and Training of Trustees: New members of the Board of Trustees are appointed by the members of the Board for the time being. Existing Trustees are aware of the need to draw candidates that bring relevant skills and expertise to Take Art. Potential candidates meet with the Executive Director who ensures that they have knowledge of Take Art and discusses the position with them. They are then invited to attend Board meetings to ensure that they are aware of the commitment and responsibility of becoming a Trustee. Copies of the Memorandum and Articles of Association, relevant publications from the Charity Commission, a copy of the most recent accounts and minutes of the last Board meeting are given to the potential candidate who is then invited to join the Board. A formal resolution is put to the Board at the following meeting to confirm the appointment.

Take Art Staff during the year were:

The board of trustees determines all staff remuneration, including that of key management, after feedback from the Executive Director.

Risk Management: Take Art produces a risk assessment, which identifies major risks, the potential impact on the organisation and steps taken to mitigate the risk. This is reviewed regularly.

We believe that the maintenance of our free reserves and designated reserves at the levels stated later will provide sufficient resources in the event of adverse conditions. The trustees are also examining other operational and business risks, which we face with a view to establishing systems to mitigate the significant risks.

Relationships with Related Parties:

Take Art works with umbrella organisations, such as The National Rural Touring Forum, Pavilion Dance South West, Theatre South West, Spark Somerset and Somerset Arts Promoters, and their members.

Page 3

TAKE ART LIMITED Board ol Trustees Exeojtive DirectoilDirector of Music Director of Dan Director of Rural T¢xJTiriJ Dlrector ol Theatre MarketirvJ Marh3ger Gereral Marpger E¥ty Years Proftect mar￿er Earty Yews Lead & ProFGt Manager RTDI Co-ordirEtor Page 4

TAKE ART LIMITED

Trustees Report - continued

Mission, Vision and Values

Our Mission

To deliver a transformational, high-quality arts programme by providing fantastic, life-changing opportunities for people of all ages, backgrounds and abilities to experience, participate and work in the arts.

Our Vision

By 2027, individuals, families and communities in Somerset, the South-West and beyond will enjoy and share access to memorable, live and digital arts experiences with kindred spirits within their localities and more widely nationally and within Europe.

People will take part in accessible, life-changing opportunities that enrich and transform their lives within a sustainable and environmentally friendly context.

Artists, companies, venues, promoters and the early years sector will be well-resourced to create, produce and present extraordinary and diverse work that is representative of contemporary society.

Take Art will be a thriving organisation, recognised for our ambitious leadership in nurturing and advocating the best work possible across Somerset, the South-West and beyond, while being open to a wealth of national and international cultural influences.

Our Values

Our values are both outward and inward facing; they are relevant to our activity programme as well as how we, as a staff and board team, work on a day-to-day basis.

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TAKE ART LIMITED

Trustees Report - continued

Aims and Objectives

Using the power of arts and creativity, rooted in Somerset and with a national and international perspective, we want to:

  1. Environmental Responsibility and Impact : produce work that champions environmental justice by mitigating our own impact on the planet; enabling others to improve their impact; and, by aligning with local, national and global initiatives, address the climate emergency.

  2. Health and Wellbeing : make a positive difference to the mental, emotional, and physical health and wellbeing of everyone we work with (audiences, participants, artists, volunteers and staff), including addressing vital issues that help individuals and communities to reach their full potential.

  3. Diversity and Inclusion: offer a programme that anyone can access. Recognising and valuing the rich cultural diversity in contemporary society, we will take positive action to reflect, promote and champion diversity and equality within the organisation and everything we do.

  4. Organisational Resilience : thrive as a collaborative, sustainable organisation, recognised for our ambitious leadership in nurturing and advocating the very best in dance, theatre, music, rural touring and early years creativity.

These Aims underpin our proposed activity programme. Each project has a series of Annua l Priority Objectives that are updated each year and used as the basis for our agreement with Arts Council England.

Take Art’s Specialisms

The easiest way to think of Take Art is as ‘five services in one organisation’:

Take Art Rural Touring plays a vital role in keeping villages alive and vibrant through our wellestablished and successful touring scheme that offers memorable live experiences to thousands of people across Somerset.

Take Art Early Years supports very young children, families, practitioners and organisations to experience excellent art, working collaboratively to explore and enhance young children’s creativity and well being.

Take Art Dance oversees strategic dance development in the county and represents the county on a regional level through its support of high quality performance and participation throughout Somerset.

Take Art Theatre creates and supports opportunities for making great theatre that reaches, connects and transforms individuals and communities.

Take Art Music enables vulnerable children and young people to reach their potential through a dynamic programme of participatory music making initiatives.

Page 6

TAKE ART LIMITED

Trustees Report - continued

Policy Areas :

Our Policies are summarised below.

Equal Opportunities

We are committed to the principle that there should be genuine equality of opportunity for all sections of the population in the practice, appreciation and enjoyment of the arts. To this end a policy of equal opportunities informs and guides all aspects of our work. We wish to secure genuine equality of opportunity throughout our work as a rural arts development agency across differing socio-economic groups in the provision of our services, in our responsibilities as an employer and in our own management structure. We set high standards of practice that reflect the legislation contained within The Equality Act 2010 which legally protects people from discrimination in the workplace and in wider society.

Diversity

We value diversity and celebrate the cultural and social differences between individuals and communities in Somerset. We recognise that Somerset is a predominantly rural county in which particular individuals and communities can become isolated and disadvantaged as a result of where they live or work. Our desire to address these issues, where appropriate, is reflected throughout our work.

In recognition of the rich cultural diversity that exists in contemporary British society, we will encourage and assist any disadvantaged group to achieve a position from which equality of opportunity can operate. In support of this policy we have a Diversity Action Plan that is monitored on a regular basis.

Our services, policies and procedures are designed not to discriminate either directly or indirectly against any group or individual. Our Diversity Action Plan takes cognisance of diversity legislation as defined in the Equality Act 2010 that replaced previous anti-discrimination laws (including the Sex Discrimination Act 1975, the Race Relations Act 1976, and the Disability Discrimination Act 1995) with a single Act.

Disability Access

For many disabled people, opportunities for enjoying and taking part in the arts are severely limited. Although the difficulties arising from physical access are probably the most immediately visible, there are problems of attitude, which can be even more daunting than physical barriers. We are committed to the principle of making our activities more accessible to people as demonstrated in our Diversity Action Plan.

Education

We believe that education has a crucial role in developing an informed understanding of the arts. In its broadest sense education offers countless ways of broadening access to the arts: it is a lifelong process which takes place through play, formal teaching, participation, personal enthusiasm and experience.

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TAKE ART LIMITED

Trustees Report - continued

Education can open up new learning opportunities and encourage people to acquire the skills, understanding and confidence for them to appreciate, participate in and enjoy the arts. Education is a long-term investment. It is at the heart of our commitment to nurturing those who already have had some experience of the arts as well as a powerful medium for extending the arts into the lives of those who have not experienced them.

Child Protection

We deliver a wide range of arts activities that involve working with children, young people and vulnerable adults. In all our areas of work we endeavour to keep everyone involved in our arts activities safe: artists, volunteers, employees, participants and audiences. Our Child Protection document sets out the procedures to be followed if a child, young person or vulnerable adult gives cause for concern, together with guidelines and examples of good practice for staff and other people affiliated with Take Art.

We work with a range of groups and agencies including the local education authority, health trusts, the regional arts board, the county and district leisure and arts officers and both the youth and social services. We also work with other local, regional and national arts and voluntary arts organisations.

Our Child Protection Policy applies to artists, employees, volunteers, board members, participants and audiences. It relates to children under the age of 18 and vulnerable adults of any age who are identified to Take Art. In recognising the different needs of children and vulnerable adults from all ethnic groups and children who are disabled, we actively seek to meet the needs notified to us by parents; carers; guardians; teachers; and youth workers. All Take Art employees have, or are in the process of obtaining, Enhanced DSB disclosures.

Safeguarding Children, Young People and Vulnerable Adults

We are committed to ensuring that the vulnerable people we work with are safeguarded. This means doing everything we can to reduce the risk of a person coming to harm while participating in any of our activities, and knowing what to do if we believe a person is suffering from harm caused outside the workshop setting. We provide safe working guidelines for all artists and practitioners contracted by us to work with vulnerable adults, including appropriate action that might need to be taken should a safeguarding issue arise.

We support Somerset Skills & Learning’s Safeguarding Policy. We do not investigate issues of concern ourselves in relation to vulnerable adults. Somerset County Council and the police hold the lead responsibilities for responding to allegations of abuse in relation to adults and in co-ordinating the local interagency framework for safeguarding adults. We will bring to the attention of the social services and police any concerns or allegations identified through any part of its work.

Page 8

TAKE ART LIMITED

Trustees Report - continued

The legislation that supports our Child Protection Policy

Children’s Act 2004; Safeguarding Vulnerable People Act 2006; Protection of Freedoms Act 2012; Sexual Offences Act 2003; The Data Protection Act 1998; The Police Act 1997; The Human Rights Act 1998; The Protection of Children Act 1999; and The Equality Act 2010.

Training and CPD

We are committed to offering opportunities for our staff to add to their stock of skills, particularly where there is an overlap between the requirements of the organisation and of the individual staff. We also encourage the inclusion of training programmes for participants in residencies and other projects. We try to offer bursaries and commissions as part of the residency programme.

We also manage an ongoing programme of training, peer support and CPD opportunities to develop artists and practitioners who live and work across Somerset and the South West region with the aim of increasing employment opportunities for the future.

Ethical Fundraising Statement

Senior staff will discuss ethical fundraising issues and the Board and Executive Director will make final decisions.

Take Art is grateful to receive support from a variety of sources and the organisation is keen to work with a wide range of partners to deliver high quality work. While every effort is made to ensure that the donor/sponsor’s wishes are met and that the relationship with donors/sponsors is positive and fruitful for everyone, there may be occasions when it is not possible for Take Art to accept a gift or sponsorship.

Take Art will consider gifts/sponsorships assessed on three core principles:

Environmental Sustainability Policy

Take Art recognises the Climate and Ecological Emergency. There are three strands to our strategy:

Page 9

TAKE ART LIMITED

Trustees Report - continued

Review of Achievements 2024/2025:

Introduction

Take Art is a pioneering charity and driving force for developing and connecting the arts with individuals and communities in Somerset. Starting as a rural touring scheme in 1987, we’ve consolidated our position as one of the county’s leading arts organisations and an ongoing Arts Council National Portfolio Organisation. From our office base on a farm near South Petherton, we see ourselves as the ‘glue’ that brings audiences, participants, artists, companies and venues together.

Artistic Programming

2024/25 delivered a diverse menu of companies that was received positively by our volunteer promoters. The Rural Touring menu offered theatre, dance, circus, spoken word and music, all shows that reflected a myriad of perspectives and personalities. The range of shows represented artists identifying with a range of genders, disabilities and had a healthy ethnic diversity. This year we welcomed a number of high quality, international shows such as Super Chefs from South American Maya productions and Kathakali from Kerala, India. In addition, our audiences fell in love with Gambian kora player Suntou Susso, touring for the first time with his father, playing traditional music and stories from Gambian folk culture. We believe this cultural diversity adds value to our scheme, and given the intimate nature of the performances and the accompanying activity, like post show discussions and homestays, the artists make a more meaningful impact with communities.

Dance and circus was provided outside of the RTDI and CAAA to keep our programme varied and enthusiasm for these artforms keen. Outdoor shows were programmed but uptake was lower this year than the Covid years, audiences were generally low, prompting a re-evaluation of the number of outdoor shows that the RT scheme can accommodate and the extra time needed to promote these shows.

Among a range of activity, the Cultivate programme delivered Chill on the Hill for a 3rd year. This one-day family event at Ham Hill included a range of workshops, performances and profiled local food producers. Our successful funding to the European fund Connect NEB enabled us to start planning and delivering Cultivating Common Ground, a land-based project in Chard with a range local and strategic partners.

Page 10

TAKE ART LIMITED

Trustees Report - continued

Participation & Engagement

Rural Touring: 2,849 people came to RT shows in 2024/25 following a slight reduction in the number of shows we could facilitate. Our average audience size however, rose to 69, almost meeting our target of 70. We aim to maintain this increase in 2025/26.

Early Years: SoundWaves Network South West engages with many of the Music Education Hubs in the south-west, aiming to develop early years music projects, practice and strategy, supporting Early Years Music Leads with each partner and delivering CPD for music practitioners and EY staff. Making & Believing continues with its cross artform performance and participation programme with partners Derby Theatre and Surrey Arts.

Theatre: a new iteration of Word/Play started delivery in partnership with ARK at Egwood, for isolated and vulnerable adults. We continued to deliver SOIL STORY, an intergenerational, landbased project for socially-isolated adults with additional needs and home educated young people, that uses arts and food-related activity to transform our relationship with soil, each other and our communities. This was delivered in partnership with ARK at Egwood and Rama Life and supported by The Ashley Family Foundation and The D’Oyly Carte Charitable Trust.

Dance: The Rural Touring Dance Initiative programmed 25 shows across 7 South West rural touring schemes and associate venues. RTDI 3 has been developed with a substantial project budget of £1.3m as part of a legacy programme. Our Turn continues weekly sessions at St Peters community hall delivering sessions to participants living with dementia. Spring Forward took place over 3 nights in Bridgwater and Taunton with over 400 participants and with 2 sell out audiences.

Dance: RTDI programmed 19 performances across 8 schemes and 3 associate venues (SAL, Weston College, AMATA) and delivered a 1 week long residency, 21 workshops, 4 community casts, 1 curtain raiser, and 5 post-show Q&As. Spring Forward delivered 4 dates over 4 nights in Bridgwater and Taunton including 1 special 20th Gala Performance with over 700 audience members and 3 sell out shows.

Music: continues with a one to one or small group activity with young people excluded from school (My Tunes) delivering over 120 sessions in the year and with young people at risk of becoming NEET (Outthere).

Take Art has maintained contact with its European partners and continued to support the development of European rural touring networks which have been impacted on in different ways as a result of the pandemic. This continues with Take Art having an advocacy, research and evaluation role in the SPARSE Plus project for 4 years until 2027. The project partnership involves 11 partners from 8 countries.

Equality

We now share the facilitation of the Arts and Culture Diversity Forum Somerset with Somerset Film and Somerset Art Works. Our equality policy and action plan is updated annually and we are seeking to recruit more board members from a culturally diverse background.

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TAKE ART LIMITED Trustees Report - continued

The Creative Case forms an integral part of our Equality and Diversity Policy and Action Plan. This helps to ensure that the choices we make around equality (eg recruitment, programming) are over and above the requirements of the 9 protected characteristics.

We successfully diversified our board membership in terms of cultural diversity. Through our digital and print platforms we proof all material to ensure there is a broad cultural representation.

We review and update our policy and action plan annually. Our broader equality policy means that we work specifically with disadvantaged children and young people as a priority eg NEET, CYP in lowest social mobility area in country.

Management

Progress made includes:

Take Art has a strong staff team and Board of Trustees/Directors with project staff complementing the core team. We have recruited new Board members, and the organisation is currently in a stable position.

Financial Status

Take Art enjoys financial support from a number of key grant giving authorities including Arts Council England (ACE), Youth Music and the Paul Hamlyn Foundation. We end the year in a financially stable position.

Investment powers

Under the Memorandum and Articles of Association the charity has the power to make any investments, which the trustees see fit.

Reserves Policy:

The Trustees of Take Art consider that certain levels of reserves are required in order to run the company in an orderly and prudent manner.

Reserves are held by Take Art in three funds: Restricted funds, Designated funds and Other Charitable funds.

Restricted funds represent money earmarked by the donor. The directors can only use these funds for the specific purpose for which they were given.

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TAKE ART LIMITED

Trustees Report – continued

Unrestricted funds are divided into two parts: Designated funds and Other Charitable funds. These are funds that the directors may use for any purpose within the objects of Take Art. The directors have decided to designate, i.e. earmark, certain funds for future use:

  1. The smooth operation of the company is dependent upon its staff and any form of longterm illness would involve the company in additional cost for temporary staff. Funds have been set aside to enable Take Art to employee temporary staff for approximately three months should the need arise.

  2. The core funding of Take Art is agreed on a year-by-year basis. Should any of the core funders not provide the funds requested then the future of Take Art would be in doubt. The company would need to conclude its activities in an orderly manner and eventually make its staff redundant. Funds have been set-aside in case this unfortunate circumstance should arise.

The trustees consider that a certain level of unrestricted funds held as “Other Charitable funds” needs to be held as a reserve to enable Take Art to take advantage of change and opportunities. The present level is £123,951. The budget for 2024/2025 indicates that a modest reduction in other charitable funds will be achieved.

The trustees aim for a level of reserve that equates to 6 months of the running costs without any income coming in. This currently equates to around £125,000. This would allow the charity enough time to find another source of funding or restructure the charity.

Financial Review

Take Art held funds totalling £309,669 at the year end. Of this amount £106,389 is held in Restricted funds which means that they can only be used for the purpose specified by the body which gave the funds to Take Art. The Trustees have earmarked £79,329 of the remainder in Designated funds to be used for specific purposes, these funds are to cover staff illness, redundancy and maternity leave and allocations to specific projects. These funds are reviewed every year. The balance of £123,951 in the furtherance of the general objects of Take Art.

Trustees Responsibilities in relation to the financial statements

The trustees (who are also the directors of the company for the purposes of the Companies Act) are responsible for preparing their report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that year. In preparing those financial statements, the trustees are required to:-

Page 13

TAKE ART UMITED Tntstees Rem- cwtlnu•d The trustees are responslble for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply wlth the Companies Act 2006. They are also responsible for safe- guarding the assets of the cornpany and hence for taking reasonable steps for the p¥event￿n and detection of fraud and other Irregularlties. This report has been prepared In accordance with the Statement of Recomrnended Practice: Accounting and Reporting by Charities IFRS 1021 (effective January 20191 and in accordarKe with the special provisions of Part 15 of the Companies Act 2￿6 relating to small entities. nvo) )Ib >¢7blJ IV Approved by the Board on 6th November 2025 and $￿Thed on thelr behalf by: S Lee-French - Trustee Take Art Limited The Mill Flaxdrayton Fam) South Petherton Somerset TA13 5LR et •yq

TAKE ART LIMITED Independent Examlnerfs Report to the Trustees of Take Art Llmlted I report on the accounts for the year ended 31 March 2025 Set out on pa8e$ 17 to 33 Respertlve responslbllltles of the Iru5tees and examlner The trustees Iwho are also the directors of the company for the purposes of the Companles Act) are responsible for the preparation of the accounts. The chariws trustees consider that an audit is not required this year under section 144 of the Charities Act 2011 and that an independent examination Is required. The charit￿$ gr055 income exceeded £250,C4J) and l am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants. Having been satisfied that the charity is not subject to an audit under Part 16 of the Companies Act 2cKJ6, it is my responsibility to: examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directlons given by the Charity Commission (under Section 145151 of the 2011 Actl,. and to state whether particular matters have come to my attention. 8asls of Independent examlnerfs report My examination was carried out In accordance with the General Directions 8iven by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and comparison of the accounts presented with those records. It a150 includes consideration of anv unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is 8Nen as to whether the accounts present a 'true and fair viev/ and the report Is limlted to those matters set out in the statements below. Independent emamlnerfs statement In connection with my examination. no matter has come to my attention: which gives me reasonable cause to believe that. in any material respect, the requirements to keep accounting records In accordance with Section 386 of the Companies Act 2C(16 and sertion 130 of the Charities Act 2011.. and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Companies Act 2C#)6 and with the methods and principles of the Statement of Recommended Practice- Accountin8 and Reporting by Charities IFRS 1021 (effective January 20191 have not been met. or Page 15

TAKE ART LIMITED 121 to which, in my opinion, attention should be drawn in order to enable a proper understandin8 of the accounts to be reached. Crali Dunn FCCA For and on behalf of Newton Magnu5 Limlted Charted Certlfied Accountants & Statutory Audltors Arrowsmith Court Station Approach Broadstone Dorset BH18 8AT Date: Page 16

TAKE ART LIMITED Statement of Fin8n¢ial Actlvltles For the year ended 31 March 2025 Un- Notes rèstricted Restricted 2025 2024 Income and Expenditure Income Income and endowments from.. Donations and legaties Charitable artivities Income from investments 286,636 55.582 11.779 33,033 159,486 319,669 215,068 11.779 238,028 242.262 4.119 Yotal Income 353,997 192,519 546,516 484,409 Expenditure Expenditure on.. Raising funds Charitable artivities Governance costs 4,052 317,257 8,192 4.052 571,862 8,672 4,052 501,732 8,252 254,605 480 Total expendlture 329,501 255,085 584.586 514.036 Net incomellexpenditurel before tax 24,496 162.5661 138.0701 129,6271 Tax payable Net IncomellexpenditUTel for thè year 24,496 162.5661 138,0701 129.6271 Transfers between funds Net movement in funds 24.496 162,5661 138.0701 129.6271 Reconclliatlon of funds.. Fund Balance5 at l April 2024 178,784 168,955 347,739 377,366 Fund Balances at 31 March 2025 203,280 106,389 309,669 347,739 All activities during the year are continuing activities. The notes on page5 21 to 33 form part of these accounts Page 17

TAKE ART LIMITED Balance Sheet as at 31 Marth 2025 Notes 2025 2024 Current Assets Debtors Cash at bank and In hand 37.853 312.937 14.952 367,107 350.790 382,059 Creditors- amounts falling due within one year 41.121 34,320 Total Assèts less Current LlabllltSes 309,669 347,739 Total net assèts £309,669 £347,739 Funds of the charity Restrirted funds 106,389 168,955 Unrestricted funds Designated funds Other Charitable funds io li 79,329 123,951 68,405 110,379 Total funds £309.669 £347,739 The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. The directors have not required the company to obtain an aLJdit of its financlal statements for the vear ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The direttors acknowledge their responsibilities for.. ensuring that the company keeps accounting rècords which comply with Sections 386 and 387 of the Companies Art 2006 and bl preparing financial statements which givè a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each f1nancial year in accordance with the requirements of Section 394 and 395 and whlch otherwise comply with the requirements of the Companies Act 2006 rèlating to financial statements, so far as èpplicable to the company. Page 18

TAKEART UMITED Balance Sheet as at 31 Ma￿h 2025 n¥TiMI J TAA 3>1AT The flnantlal statements have been prepared in accordance Ith the provision5 of Part IS of the Companle5 Act 2006 relating to small companles and In accordance with the Ststement of Recommended Prartlce: Accountlng and Reportlng by Charltles IFRS 1021 leffectlve January 2019). sgi rtliw IY ?rfr 9ffliJ yn6 J6 The flnanclal statements approved by the dlrertor on 6.11.25 and were sl8ned by: ￿nYM￿ls) noungv•iq •nJ iQT 2 P691 5111 n bnG 'qI'.6qmoJ grli lo iJ9i16 9rlJ 8nlbiEus 19dio bri• bu671 lo noiJ19b ,w gJn&bioJ)6 ni b976q¥iq n99d t6A hoqg7 IiIJJ• 111 UIIII IEAv.i Y IbuiftyL ?viJJyft91 ISOI è.A 114olJi18A) yd snilioqg8 bnfi 3nilniJo)) .2giJiln9 Ilsm2 ol RniJ6Igi dLM)l JJA e mo) 9rtJ lo 21 n6q lo In￿￿[vol4101)Sqt The notes on pa8e$ 21 to 33 form part of thesè ac¢ounts S Lee-French no b1608 grtj yd b9voiqqA Yd 116rfd 119rtJ no bgnyi bns 991zLnT- rt)n911-99J Z yiffld nA •AsT llim yrfr fn164 notry67bxE14 noh9rf19q rtjuo J92JgITS0 AJI EIAT Page 19

TAKE ART UMITED ststement of Cash Flows for the year ended 31 MaTth 2025 Notes 2025 2024 Net cash from operating activltes Net incomellexpenditurel for the year Interest received Ilncre3sellDecrease in debtors IncreasellDecreasel in creditors 138.0701 111,7791 122,9011 6,801 129,6271 14,1191 48.614 119,5971 Net tash absorbed by operatlng activities 165,9491 14,7291 Cash tlows from invèsting activities Interest received 11,779 4,119 Net cash used in investing activities 11,779 4,119 Nèt cash used in financlng activities Net decrease in cash and cash equivaler Cash and cash equivalents at the beginning of the year 154.1701 367.107 16101 367.717 Cash and cash equivalents at the end ot the year 312.937 367.107 Page 20

TAKE ART LIMITED Notes to the Financial Statements For the year ended 31 Mar¢h 2025 Statutory Information Take Art Limited is a private company, limsted by guarantee. registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page. The company is registered as a charity. Basls of accountlng These financial statements have been preparèd in accordance with the Statement of Recommended Practic&'. Accounting and Reporting by Charities preparing thelr accounts in accordance with the FSnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Companies Act 2006. The charity constitutes a public benefit entity as defined by FRS 102. The trustees have concluded that the financial statements give a true and fair view of the company's financial position and financial performance. A true and fair override has been used to apply the Charities SORP IFRS 1021 under the Charities (Afjcounts and Reports) Regulations 2019. The company has complied with FRS 102. the SORP or applicable legislation. except that it ha5 departed from a particular requirement of the SORP to recognise tangible fixed assets on the balance sheet at historical cost and depreciating them as appropriate. The trustees do not consider capital purchases to be material and they are written off fully in the year of purchase. This policy h35 been applied in prior perioijs and as a result the company htslds no fixed assets on Its balance sheet. Accounting Policies The principal accounting policies adopted by the company in the preparation of its financial st3tements are as follows'.- al Accounting Convention The financial statements have been prepared under the historlcal cost conventlon. bl Income Income is the amount derived from the provision of goods/services. and stated after trade discounts, other sales taxes 3nd VAT. All income is included In the statement of flnancial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific poliaes aré applièd to particular categorie5 of income: Page 21

TAKE ARTUMITED Notes to the Financral Statements- continued For the year ended 31 March 2025 Accounting PoliciÈs- contJnued il Revenue funds comprlse grants and sponsorship receivable from public and private bodies. When donors sp&cify that 8rantS 8iven tts the charity rnust be used in future accounting periods, the income is deferred until those periods. When donors specify that grants are for particular restrlcted purposes. which do not amount to pre-conditions regarding entitlement, this income is included in incoming resource5 of restricted funds when receivable. 111 Projert income is derived from performances and workshops. iiil Investment incorne is included when receivable by the charity. cl Resources expended Resources expended are included In the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered and including equiprnent which is written off in the year of purchase. il Costs of generating voluntary income comprise those costs assottèted with generating core funding. ill Expenditure on charitable attivitie5 comprises those costs incurred by the charity In the delivèry of its attivities and servios for its beneficiaries. It includes both costs that can be allocated directly to such attivities and those costs of an indirect nature necessary to 5UPPOrt thern. iiil Governance costs include those costs associated with meeting the constitutional and statutOTV requirements of the charity and include costs linked io the strategic management of the charity. iv) Certain expenditure is directly attributable to specific activities and has been included in those cost ¢ategorie5. Certain other costs, which are attributable to more than one activlty, are apportioned across c05t categories on the basis of an estimate of the proportion of time spent by staff on those activities. dl Fund accounting Funds held by the charity are either.. • Unrestricted general funds- these are funds which can be used in accordance with the charitable obletts at the discretion of the trustee5. Designated funds-the5e are funds set aside bythe trustees out of unrestricted general funds for specific future purposes or projects. Restrlcted funds- these are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Page 22

TAKE ART UMITED Notes to the Financial Statements. continued For the year ended 31 March 2025 Accountinq Poll¢les- continued Further explanètion of the nature and purpose ¢f each fund is included in the notes to the financial statements. el The company operate5 a defined contribution scherne forthe benefit of its employees. The costs of contributions are charged in the year they are payable. fl Operating leases Rental costs under operating leases a￿ charged to the Staternent of Financlal Activities in equal amounts over the term of the lease. gl Equipment purchased was written off fully in the year of purchase because the trustees do not consider it to be material to the accounts. h) All of the charity's attivities were continued in the current and previous year. il Creditors and provisions are recognised when the cornpany has a present obligation a result from a past event that will probably result in the transfer of funds to a third party ènd the amount due can be reliably measured. Il Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. fransactions in foreign currencies are translated into sterlinR at the rate of exchèy)ge ruling at the date of transaction. Exchange differences are taken into account in arriving at the net incomelexpenditure for the year. Page 23

TAKE ART LIMITED Notes to the Financlal Statements- contonued For the year ended 31 March 2025 Income restricted Restritted 2025 2024 Analysis of income Donations and legacies Local authorities Arts Council for England South West 5,000 281,636 33,033 38,033 281.636 47,208 190,820 286.636 33,033 319.669 238,028 Charitable activities Rural Touring Income from defined charit3ble projects Other incorning resources 27,464 19.462 8,656 27,464 178,948 8,656 43.203 197,854 1.205 159,486 55.582 159,486 215.068 242,262 Income from investments Interest income 11,779 11,779 4,119 11.779 11.779 4,119 Total Income 353,997 192,519 546,516 484,409 Page 24

TAKE ART LIMITED Notes to the Financial Statements- continued For the year ended 31 March 2025 Expenditure restricted RestTl¢ted 2025 2024 Ratsing funds Salaiies 4.052 4,052 4.052 4,052 4,052 4.052 Charitable act¢vities Salaries Establishment expenses Artists fees and ancillary expenditure Administrative expenses Travel Marketing Book keeping Foreign currency Igainl/los5 Finance charges 175,276 10,028 76,926 252.202 10.028 244.578 12,286 27.132 95,205 3,597 4,526 350 281 862 147,063 5.358 17,095 7,926 174,195 100.563 20.692 12,452 350 281 1.099 112.841 90,034 19,519 12.077 7.310 1,990 1.097 237 317.257 254,605 571,862 501.732 Govemance costs Salaries Accountancy Independent examination/Audit 4,052 2,740 1,400 4.052 3.220 1,400 4,052 2,800 1,400 480 8,192 480 8,672 8.252 Total expènditure 329,501 255.085 S84,586 514.036 It is the nature of the charity to provide support for the arts, it is therefore impossible to distinguish betweèn 5UPPOrt as a charitable actlvity and support to the charity r(self. Certain costs, which are attributable to more than one activity. are apportioned across Cost categories (note 91 on the basis of an estimate of the proportion of tirne spent by staff on those Page 25

TAKE ART LIMITED Notes to the Finznc(al Statements- continued For the yeai ended 31 Marth 202S Net IncomelExpenditure 2025 2024 Net incomelexpenditure is arrivèd at after charging- Independent examiners remuneration Other fees paid to the independent examiner 1,400 2,800 1,400 2,800 Debtors 2025 2024 Workshop, performance and travel fees Prepayments 35,592 2,261 12,792 2.160 37,853 14,952 Credltors- Amounts f8lling due within one year 2025 2024 Grants invoiced in advance Othér creditors Accruals 4,941 28,730 7.450 3,000 24,310 7,010 41.121 34,320 Page 26

TAKE ART UMITED Notes to the Flnancial Staternent5- ￿nI￿nUed For the year ended 31 March 2025 Restrtcted Funds Transfer5 between restricted funds At l April Movements in resources 2024 Incoming Outgoing At31 March 2025 Barn Circu5 Around And About Cultivate Cultivate Soil Story Cultivate Strategy Emerge EY Making & Believing EY Soundwaves Network EY YM Energiser Hatch Be3uchamp Jump Start ttle Big Dance My Tunes SFS Our Turn Outthere 2 The Rural Touring Dance Initiative 3 Sparse Plus Spring forward Word/piay Word/Play Ark 693 47,547 4.533 7.800 59 45,347 5,635 7.523 4,201 1,225 20,374 70,677 15,365 634 2,200 12,284 277 2,421 1,025 13,386 6,622 2,250 20,374 53,647 61,192 32,485 44,162 17,120 709 709 1,600 2,(XJO 575 8.058 1,600 2.000 8.001 8.058 4,001 41,157 7.315 740 71 11,736 8,901 1,475 4,001 39,581 7,315 I,o)o 18,360 16,784 260 738 6,300 809 18,036 168.955 192.519 255,085 106,389 Page 27

TAKE ART LIMITED Notes to the Financial Statements- continued For the year ertded 31 March 2025 Restricted Funds- prior year Transfer5 between restricted funds At l April Movements in resources 2023 Incoming Ourgoing At 31 Murch 2024 Btlrn CircusAroundAndAbout Cultivote Cultivate Soilstory Ernerge Eymoking & Believit7g EYSoundWoves Network Horch Beauchdrnp Jump Start Little 8ig Donce My Tunes SFS Our furn Outthere The Rural Touring Donce Initiotive 3 Sporse Plus Springfonvord Word/PIGy 1,760 326 47,547 1,551 11.5Ql 1,393 693 47,547 4.533 7.800 2,250 20,374 53,647 709 J.60Q 5.983 3.001 3,701 2,250 111,345 32.954 90.971 50, 768 71,461 709 1.600 8,055 6,055 8.325 9.996 9,OQO 19,959 8,804 1,800 4.450 8,900 575 8,058 18,054 4.721 33,598 8.804 1.80Q 18.360 5.259 809 191.981 195,197 218,223 IS8,955 Pa8e 28

TAKE ART LIMITED Notes to the Finandal Statements- continued For the year ended 31 March 2025 Restricted Funds- continued RURAL TOURING The Rural Touring scheme resources the dellvery of high-quality arts events in collaboration with rural communities in Somerset. RIOTE3 is an Erasmus* funded projett, a follow up to RIOTE2 which finished in 2019, it involves the same partners from Hungary. Romania and Slovenia with new theatre companies as partners in France, Germany and Italy. The broad aim is around skSlls exchange and training in p3rticipatory community theatre. Rurltage is a 38 European partner pmject co-ordinated by the University of Bologna and aiming to promote good examples of rural regeneration. Take Art's rural touring network is one of the 'role rnodels, to be studied and replicated. Cultivate, as part of Ruritage, is a creative partnership that brings local,food, arts & people together for the benefit of rural communities and the natural énvironment in South Somerset. Circus Around And About Z ICAAA21 is an Arts Council England funded projett that is developing touring circus project in the south-west in rural and communlty urban settings. SPARSE Plus is a Creative Europe funded projtrct for which Take Art is undertaking an advocacy. research and evaluation role. THEATRE PROJEcrs Cultivate is a crealive partnership that brlngs local food, arts & pèople togetherfor the benefit of rural communities and the natural environment in South Somerset. Soil Story is an intergenerational. 13nd-based projett for soclally-isolated adults with 3dditional needs and home educated young people. that uses arts and food-related activity to transform our relationship with soil. each other and our communities. Wordlpiay is a social prescribing projett targeted at people experiencing rnental ill health and/or wltne5sed. learning di5abilites. It Uses performance poetry to empower individua15. giving them the freedom and encouragement to tell their stories and be witnessed. BARN is a collertive theatre initiative, facilitated by Take Art, that supports Somerset's emergent theatre-making sector to develop, test and showcase new work in a predorninantly rural context. EARLY YEARS PROJECTS EY Soundwaves Network is a southwest regional networking project for musicians workin8 Wlth the early years and EY practitioners wanting to extend their music practlce, with three learning ¢ommtsnities in Plymouth, Somerset and Bristol. EY Maklng & Believing Is a performance and participatory prolect working in Somerset and with partners Derby Theatre and Surrey Arts. EY Music Strategy is 3 pieee of research undertaken by Take Art to support the dèvelopment of EY Music in Somerset. DANCE PROJECTS Emerge is a dance and environment project which is currently in an R&D phase. Page 29

TAKE ART UMITED Note5 to the Financial Statement5- contin1￿d For the year ended 31 March 2025 Restrirted Funds- continued Spring Forward is the annual dance platform takin8 place in 3 professional venues involving panicipants of all ages from Somerset and SW- this was postponed as a result of the Covid pandemic. The Rur31 Touring Dance Inttiative 2 & 3 are national projects tsf which Take Art is one of the four lead partners, the others being The National Rural Touring Forum, The Place. Highlights and Sonia Sabrl Dance Company. Dance Service is a range of activities that are small in number and scale and will involve performance and workshop activity as well as 8 developing network of dance artists and their professional development needs via forum meetings and 1-2-1 advice sessions Little Big Dance ILBDI is a 3 year dance and early years project of which Take Art are one of partners, the others being South East Dance Yorkshire Dance and Dance East. Our Tum is a 3 year dance and dementia project supporting people with memory loss and dementia by delivering weekly sessions with health and wellbeing and falls prevention focus. Jump Stsrt is a boys dance project takSn8 place Sn the Somerset West and Taunton area. MUSIC PROJECTS Outthere 15 a 3 year music projert working wlth Actiontrack to deliver mu51c sesslons with NEETS (Not in Employment, Education or Training) or those at risk of becoming NEET. yTunes SFS (Targeted Youth Support/Looked After Childrenl is a participatory music project working with vulnerable 15 to 19 year olds in Somerset and delivered in partnership with Actiontrack Performance company. Kickstart Is 3 6 month mentoring project for a young person funded through the government Perform Europe 15 a rural touring project across a number of European countries to rural audiences involving two companies. one French and one Polish. Hatch Beauchamp is a village in Somerset for which we have made provision to underwrite their shows with a donation made to Take Art. 10 Designated Fund5 The income fund5 include the following designated fuftds which havè béen sèt aside out of unrestrirted funds by the trustees for specific purposes. At l April NÈW 2024 designations Released At 31 March 2025 Transfers Redundancv 45.604 5,326 6,000 6,975 4,500 1,381 46,985 5,148 4,000 6,975 8,821 4,000 3,400 178 2,OCQ TakeArt My Tunes Rural Touring Take Art- donations Website Migration 4,321 4.000 3,400 68,405 5,702 2,178 79,329 Page 30

TAKE ART LIMITED Notes to the Finan¢lal 5tatements- continued For the year ended 31 March 2025 10 Designated Fund5- prioryear At l April hlew 2023 designotions Releosed At 31 Mtirch Trunsfers 2024 Redundt7ncy Illnes5 Theotre Tt7ke Art My Tunes Rurul Touring 43,192 4,950 3.500 14,500 6,400 7.000 2,412 376 45.604 5,326 3,50Q 8.500 575 6,975 4,500 2,500 79,542 3.363 14.500 68,405 10 Designated Fund5- Conttnued Redundancy relates to statutory provision in the event Take Art has to be wound up and all staff made redundant Illness relates to a three rnonth period of average staff salary in case we need to cover staff off ill for a period Theatre relates to a sum of money earmarked for a theatre project Take Art relates to a prolettèd one off pay iner&ase and replacement of computer equiprnent provislon MyTunes relates to funds allocated to the project if and when current fvnding eeases Rural Tourlng relates to additional funds to support rural touring costs If and when current funding is reduced Dancè relates to a sum of money earmarked for dance projects. 11 Other Charttable funds 2025 Fund balance at l April 2024 110.379 Net Incoming reSoUr￿S after transfers 13.572 Fund balance at 31 March 2025 123,951 We have embarked on a tundraising programme aiming to replace Some ot the ltsst local authority funding for Take Art. Page 31

TAKE ART LIMITED Note5 to the Financial Statement5- continued For the year ended 31 March 2025 12 Analysis of Net As5et$ 8etween Funds Unrestricted Restritted Funds Funds Total Funds Fund balances at 31 March 2025 are represented by- Current assets 244.401 41,121 106,389 350,790 41,121 203,280 106.389 309,669 12 Analysis Of Net Assets Between Funds- prior year Unrestricred Restricted Funds Funds Totol FunGIs F(Jnd bJlances ot 31 March 2024 ore represented by- CurrentOS5ets Current liabiliries 213,ID4 34.320 168,955 382.059 34,320 178,911 168,955 347, 739 13 DirectorslTrustee5 Remuneration and Expenses 2025 2024 Directornrustee remuneration Director/Trustees expenses 14 Employees The average number, including part time employees, for the yèar was 1012024: 101. 7he equivalent full time number of ernployees w3s 712024.. 71. No employees earned £60.000 per annurn or more. 202S 2024 Total rÉmuneration Gross wages and salarie5 National in5uranc& contributlons Employers pension contributions 235,137 15,015 10,154 228,575 15,294 8,813 260.306 252,682 Outstandin8 contributions to the penslon scheme at 31 March 2025 were nil12024- nill. Page 32

TAKE ART LIMITED Notes to the Financial Statements- continued For the year ended 31 March 2025 15 Pension Costs and other post retirement benefits Tho company operates a defined contribution pension schérne. Contributions payable to the company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. During the year pension contributions were £10,15412024- £8,813). Pension expenses are 311ocated between activities and between restricted and unrestricted funds based on whether the member of 5tafPs salary is core-funded or project funded. 16 Related Party Trdnsattions During the year, no employees were also paid for their artistic and production services as self employed contractors on terms that would not also apply to external artists.- 2025 2024 St8ff 17 Going Concern The financial statements have been prepared on a goin8 concern basis. The trustees believe that there are no materi31 uncertainties surronding the charity'5 ability to continue on a going concern basis. 18 Commitments Under Operating Leases 2025 2024 Lease payments recognised as an expense 9,652 9,646 Annu31 commitrnents under non-cancellable operating At the balance sheet date wère as follows.. Land and Building5 Land and Buildings 2024 2023 Operating lea5e5 which expire.. wtthin one year 9,6S2 9.646 9,652 9,645 within one year 9,652 9,646 9,652 9.646 Page 33