Company reglstered number". 2266134
Charity wister&J number.. 299698
ThE TACCMI-MORRIS CENTRE
TRUSTEES REPORT AND
UNAUDftED FZNApiaAL ￿ATEMENTs
FOR THE YEAR ENDED 31 MARCH 2024

ThB TacdA-mO￿ls Centre
Trugte•s Report and Vnaudlted Frnan¢lal Stateft*nts
For The Year Ended 31 March 2024
Contents
Page
Charfty Infomatton
rYvstee5' Rep)rt
Independent Examinerfs Rep)rt
statemert of Financial Activltles
Balan￿ Sheet
Notes to the FI￿ar￿al 5tsten￿ts
7-10

Charfty Inft•miation
For The Year Ended 31 March 2024
hn Hetcher (Chalr)
JIM Baker
Hden Elliott
Jlll Venn
Mike Hol￿￿S
GraerTE Ryan
Patrick West
Company Sqcretsry
John Fletcl
Comp8ny Number
2266134
Charlty Number
299698
Reglst•red Offlce
April Point
Pickertdge Hill
Corfe
Taunton
TA3 7BY
Irthpendènt Examlnor
Gawn Brown FCCA
Brunel charte￿ Cwbfled Acrountsnts
3 Marco Polo House
C￿k Way
Taunton
TA2 6BJ
Page I

The Tacchi-morrls Certre
Company t40. 22fj6134
Trustees. Report lor Thè Year Ended 31 fvlarth 2024
The trustees, who a￿ also d*rectors for the Pur[￿ of the Companies Act 21MJ6, present thelr annual re￿rt with the financial
statements of the charity for the year end&J 31 March 2024. The tnjstees have adopted provlslons of Actx)unUng and Repor￿n9
by CharltSes: Statement of Recommended Prdttice appli(able to charities ￿pariThg thelr aLrounts in accordance wlth the Finandal
Reporbng Standard appllcable in the UK and Republic of I￿land (FRS 102}.
CHARrrABLE OBJECTS
To PmTTK)te, maintsin and advan￿ educatlon parbcularfy ty ena)uraglng the Arts and Crafts and the use exchange and
understanding of artlstic skills and talents In a spj'nt of and mutyal understanding among all t￿pIe wlthout disbnclion of
nation or race or rolfcical religtous or other opinion5 and acq(ti￿ and ac￿pt pro￿rtY and if and when it is available in partlcular
the house and property known as North Cury, Taunton. S(Knerset and endeavour to establish and maintain the￿ an International
Centre, Memcylal Ilbrary. Craft Workshop. Theatre and analkiry &Yucational faciltties.
The charty provÈdes financial suprL¥tfor the Tacthi-morrfs Arts Centre at Mollkton w¢￿ Acadlyny {prevlously known as Heathffeld
Comm(tnity SclK)ol) and ts party to a Joint use ag￿err￿nt with Somerset County Council and John Cabot Venture ￿Mited (on behalf
of Monkton Wood Aca¢Jemyl. In aCCorda￿ce with that agreement the ￿ntre ts operated by a Manage￿ent Committee comylsln9
the trustees, three member5 app)inted by the Ctyjnty Councfl. one rremt*r appointed by Tatsnton Deane Disbirt CoLfncil, the
Headteacher of the SchcK*I and the Centre Direttor.
ACHIEVEMENTS AND PERFORMANCE
During thls period Heathfield Communty Sthcd Joined the Catx)t Learnlng Federation academy trust (December 2023) and as part
of that pro￿55 the Joint Use Agreetnent for the arts Irntre was renewed with the new partnership telng between the Tacchi-morris
Trust and the Cab)t Learning Federation. The changeovw lÉYl to several thanges In procew and systems thr(MJglM>Ut thls perfod
as the ￿ntre trdnsiVoned to the new partnership.
Desplte these changes, the art centre's actyvlty conttnued and over this the pyogrdmme of shows and events saw
approximately 18,500 vlsitor5 and the Comfflunty aasses pmgrdmwr* had ar4Yoad)ing 1500 admlts.
Through partnership with Monkton Wcwxl Academy (formeNy Heathfield Community Sthooll there was a serles of school
perfomances including a Young Musioans of the Year con￿rt. a ¥vOrkSh￿ ￿Idenc¥ and pejt0nnan￿ wlth the band Afriquol, a￿1
a speclal Perfiwmlng Arts Showcase.
The school's perfomiing arts 6th forrFt The SPA￿ brought a sold-out prcKlurtlon of GtEase to the ￿ntre with as well as speLtscular
SPACEFEST dan￿ show.
West MonY(on Prlmary Sch(M)I bnwht thelr year show to the ￿￿tre and thetE was a S￿la[ muslc gig organlsed and
perform&# by Richard Huish college students.
The pmfesslonal progt7mffo irta)tporated the regular mix of theatre. Mu￿C. dan￿ and cc•. Highlights irtduded an Immtrsive
production Klnder by Smoking Apples Theatre that told the story ofthe WWII Kindertrain transp[￿ts. Fn)2en ￿ght Theatre returned
wlth a produrtlon The Bar at the Edge of Time for an audience of w)ple with profou1￿ an¢J Multiple Learning Dlsabilities {PMLDI.
Vamos Theatre also retumed with a full-mask wc¥Juthon ￿ on the Roofexpbring issues around lonellness and Ilvlng with AOHD.
A range of community gnyjps conty.nues to hire the centre for prc¥JuLtions Snduding the rettjming Taunton Thesplans, TAOS Musical
Theat￿, Taunton Fesbval of the Arts, @2K Theatre, and Take Arvs Spring Forward daFKe evenL
FINANCIAL REVIEW
The charity saw a suwus of £98.097 {2023- £97,503 defiot) on Its inveskn))ent rmxtrolio durfng the year. After grant*ng £100.234
{2023 - £122,330) to the Tacchi-morrts Arts Centre Management Committee and paying suprx)rt (D5ts of £10.002 12023- £3,182)
the charTty *ncurred a defictt of E12.139 (2023 £223.015).
.The charity held reserves cl £1,484,072 (2023 - EI.496.211) at the year end. or whlth (£37,089} (2023 - {£509)) was hetd In
general fur￿$ and £1,521,161 (2023 - £1.496.7201 was hekl in ￿rrnanent e￿owment
The charities permanent endowment Is held in an 1nvestrr￿t portfolK) managed by HSBC. Thetnjstees meetthe wrtfollo manager
annually to revlew the pn)file of the rw)rtfolio to ensure that eamlngs wlll meet trte ongoing commltment to contribute to the
Jnning of the arts ￿ntre.
Page 2

The Tacchl-morrls Centre
ompany P40. 2266134
Trustees. Report for The Year Ended 31 March 2024 (￿ntInued)
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constltutltsn
The charity Is mnsotuted as a company limitey by guarantee wlth(Mrt share capltal and is govern￿1 by menTh)randum and articles
of assotiation InCoryK￿ted 9 June 1988.
Trustees holdlng office
The trustees who helL1 office durlng the year were as fofiowts:
John Aetcher (Chatr)
Jln) Baker
Helen Elliott
Jill Venn
Mlke Holmes
Grdeme Ryan
Patrfd( West
statement on publlc benefft
In shaping our objectsves for the year and plannlThJ our activtifjts. the trustee5 have o)nsIder￿¢ the Charity Commisslon's guldan
on publlc benefit, including the gUidan￿'pUbIfC benefft= rynning a tharity {PB2}'.
statement of tnrste¢s' responsibilttles
The trnstees are resw)sible for preparing the Trustee¥ ReiKrt and the finanaal statements In accor(lance with applicatAe law and
regulations.
Company law requlres the twstees to pre￿re finandal statements for e￿h ftnanaal year. Under that law the dirertors have
elected to prepare the flnanaal ststements in accordan￿ with United King(kim Generally Acctpted Accountirsg practi￿ Iunited
Kingdom Accounting Stsndards and appli(xble law). Under (x)mpany law the direttors must not approve the financial statements
unless they are sat5sfied that they glve a tnte an¢J fair view of the stste of affair5 of the (x)mpany and of the profft or Foss of the
company ft)r that perfod. In preparing the financlal Slaterrents the direttors arE requI￿J to:
select suitsble accounting policies an¢J then apply them consistentyy.-
make judon*nts and accounknng estimates that are m50nable and [￿dent.
prepa￿ the financial ststements on the going Con￿rn basis unless it is inapp￿prtate to presume that the company wlll
contlnue in bus(r￿.
The trustees are resrM)nslble for keeping adequate a(tounty"ng records that are sfrffiaent to show and explaln Ihe company's
transartions and disclose with reastsnable accuracy at any time the financ*al ￿￿tiOn {* the company and enable them to ensure
that the finanoal statements o)mply with the Companies Att 2￿. They are also restxjnsible for safeguarding the assets of the
company and hence for tsking reasonatAe steps for the prevenb.on aThJ deteclion c< fraud and other ItTegularftyes.
Small company rules
This rewrt has been preparttl in accordan￿ the sFeoal p￿SK)n$ ￿lating to companles subjett to the small companies,
regime within Part 15 of the Cofftpanles Art 2(￿.
,,(1,1-.9
On behalf of the board
John Fletcher
Chalr
Page 3

The TaCchl-Mo￿IS Centre
Independent E¥amlneV$ Report
For The Year Ended 31 Marth 2024
I report to the charity on my examl¥)ation of the accounts (* The Tacchl-morris Centre for the year ended 31 March 2024.
Responslbilitles and basis of reportr.
As the charltfs trustees of The Tacchi-morrls Centre (who a￿ also the directors of the company forthe purtx)ses of company law),
you are ￿￿Tr5(ble for the prepara￿or￿ ofthe ￿l￿nts in accordan￿ with the wuirements ofthe Companies Art 2006 fthe 2006
ACV).
Hèving satlsfled myself that the accounts of the Company are not to te audlted for this year under Part 16 of the 2006
Act and are elSgible for Sndependent examinatfon, I rewt in resw of my examination of your charity's accounts as carried out
under section 145 of the Charities Art 2011 Cthe 2011 Acf). In orrying out my examination. I have followed the dI￿￿On5 given
by the Charity Commission (under sethon 145{5)Ibl of the 2011 Act.
JndepeTrdert examlnerfs statement".
I have complete(1 my examination. I confimi that Th) matetfjal mattets have corre to rny attentfon which gives me caltse to telieve
that..
Accountlng records were not kept in accordan￿ wrth section 386 r* the Companies Att 2006;
The accounts do not ac£Y>rd with such recwds; or
The accounts do not compty wlth relevant accounting reqvirements under section 396 of the Companles Act 2006 other
than any reqUire￿￿nt that the accounts give a .tn￿ aThJ falrf view which is not a matter consHlered as part of an
tndependent examlnation,. or
The accounts have not been prepar￿1 In accordan￿ with the Charftie5 SORP {FRS102).
ns and have come across no other matters In connecbon wlth the examlnation to whith attenuon smuld be drawn
orthr to enable a proper understanding of the a(xounts to be reath&Y.
Gavin Brown FCCA
3 Marco Polo House
C(x)k Way
Taunton
TA2 6BJ
Date IV
Page 4

The Tacchi-MotFiS Cefttre
statement ol Flnan¢lal Artivltles
For The Year Ended 31 March 2024
unrestr1¢t￿ ETrdowment Total funds Total funds
fund6
2024
2023
INCOME
Income and endowments from:
Envestments:
Oiwdends
Bank compensation pay￿￿￿t
Bank Snterest
37,785
37,785
23,930
Total
37.785
37,785
23,930
EXPENDJTURE
Ralslng fvnds:
Investment porthllo management costs
Allocated suptKMt CO#s:
Bank charges
Accountancy fees
other costs
10,477
10,477
11,525
33
33
900
4,068
82
900
609
4,068
Charlt#ble artivtks:
Arts centre grant
AIIotxted support Costs:
Bank d7arges
Accountancy fees
Other costs
5.001
10,477
15A78
13.llfj
I￿).234
100.234
122,330
33
9(M)
4,1kn8
105 235
33
900
4,068
82
900
609
105.235
123 921
Totsl
110.236
10.477
120.713
137,037
If4COMEI(EXPENDrruRE) BEFORE INVESTMENY
GAINS/(LOSSES}
Net galns/llosses} on investsnents
NET fNCOME/(EXPENDfTuRE)
Transfers fvnds
(110,236)
27,308 {82.928) (104,612)
70.789
70,789
118,403)
98,097 (12,139) (223,015)
{73 6561
(110,236)
73.656
NET MOVE14ENT IN FUNDS
(36,580)
24441 (12,139) (223,015)
RECONCILIATION OF FVNDS:
Total ftJnd5 brought forward
509)
1.496,720 1.496,211 1 719,226
(37,089) 1.521,161 1,484,072 1.496,211
TOTAL FUNDS CARRZED FORWARD
The notes on pages ? to 10 f(m part of these finawKfjal ststements.
Page 5

Balan￿ Sheet
As at 31 March 2024
2024
2023
FIXED ASSETS
Tanglble assets
Investments
35
1,526,161
35
1,501,720
1.526,196
1,501,755
CURRENT ASSEfS
Debtors
Cash at bank
4,119
4.119
Credltors: AmouTrts fallTrng due withln on•
year
{41124)
(9.f•63)
NET CURRENT LIABILrriES
(42.124)
(5,544)
TOTAL ASSE15 LESS cuRREr￿ LIABILrriES
IA84.072
96,211
NET ASSETS
1.484,072
1,496.211
FUNDS
Unrestrirted ftjnds
Endowment funds
{37.0891
1.521,161
1509)
1,496,720
TOTAL CHARtrY FiINDS
1,484.072
1.496.211
For the year endlng 31 March 2024 the company was entyued to exemptlon frMI under ￿lon 477 of the Companies Act
2006 relaung to small tx)mpanies.
Trustees. responslbllltles:
The member5 have not requir&1 the LY)mpany to obtrln an audlt In ￿￿Or￿an￿ with wt¥)n 476 of the Companles Art
2006.
The trustees acknowledge thar ￿tK)nsIbIl*t['eS for 0)Mp￿ng with the requ1￿Ments of the Act with res￿ to
accountsng records and the preparation of accounts.
These accounts have been prepared in a(x0rdan￿ with the provlslons applitJble to companies subJeLt to the small
companles. regirr* and in accordance w4th FRS102 SORP.
On behalf of the board
John Ftetcher
Chalr
Date l?
The notes on pages 7 to 10 form part of th&se financfjal stste￿￿nts.
Page 6

The TaCchi￿Oni$ Centre
Notes to the Flnanclal Statsments
For The Year Ended 31 March 2024
l. Accountlng Policleg
1.1. Basi$ of preparatlon of flnanclal statements
These accounts have been prepared under the historical cost convention. as mcmllftey for the revaluation of flxed asset
InvestmeTIts, wSth iteffls rEcc*Jn¢sed at cost or transaction value and have been prepa￿ in accordance with:
the Statement of Recommended Prdthce: Accounung and Retwtyng by Charities preparing thelr acc04Jnts In attordan
w￿h the FinBndal Reporting Stsndard applicable in the UK and Republic of [￿land IFRS 102).
the Flnanoal Reporung Starthrd appI￿&￿e In the Vnited Kingdom and Republic IretaThJ IFRS 102).
and with the Charitles Act 2011.
1.2. Income
Income Is ￿cognI￿j in the Ststement c* Finandal A(￿ltieS (SOFA) when..
the chanty becomes entitled to the resources.
it is more likely than not that the twstees will r￿e the resour￿5.
the rnonetary value can te measured wrth sufficient relkib114ty.
1.3. Expendlture
Uabllities are recognised where it is likely than rK)t that there is a legal or constnrctive obligation commtLtJ"ng the
charity to pay out resources aThJ the any)vnt the obligation can measur&l wtth reasonable certainty.
Support Costs
Support costs include ￿ntral funttlons and have allctated to activlty cost catsJori85 on è basls consi*ent with the use
of resources.
1.4. Tanglble fixed assÈts and deprKlation
Tanglble fixed assets are measured at ¢￿t ￿5$ accumulated depreciation and any acajmulated impalrment losses.
Depreciation Is provided at rates calculated to wrtte off the cost of the assets. les5 thelr estimated residual value, over
thelr exp&ted usefijl Iwes on the following bases:
Ornaments, bcx)ks etc
15% on the reduclng balarKe
1.5. Flxed Asset Investments
Investments are included at ch)sing market Val￿ In the balan￿ sheet, any galn (x loss on investment ts tredlted or charged
to the Statement of RnanLial Activities.
1.6. Taxatlo
The charity is exempt from CCffrM)ra￿On Tax on ts tharltable aCts.￿lies. Value A4Jded Tax Is ￿t recoverdble by the chanty
and as such Is Included the relevant costs in the accounts.
1.7. Fund a¢countlrwJ
Unrestritted fund5 are available for use at the dlscrevon of the trustees in furtheran￿ of the general obJ"ectlves of the char*ty
and which have not been designated for other purrA)ses.
Endowment funds are invested in order to get)erate gjfftclent income annually to meet the chanty's commStment to
contrébute to the njnnlng of the arts ceFttre.
2. Trn$ts*s RemuneTatlon and Exp•nses
No remuneravon or other benefits frrjm the Charity We￿ r￿1¥&j by the trustees during the current or we￿Ing year. The
Chadty has not met any Indlvidval expenses Incurred by the tnjstees durlng the current or prec•llng year.
3. Employee Nurn￿rs and Remunentton
The average number of employees, Induding dIr￿tOrS. during the year was as foJ&)ws: nll (2023: nlll. No employee rErelv8J
erT￿lUments than £60,000.
Page 7

The Ta¢¢hi-Morr•s Cer
Notes to the Flftanclal Statements (contlnued)
For Tho Year Ended 31 Marth 2024
4. Tanglble Assets
Ornamen
books etc
Cost
As at l April 2023
As at 31 March 2024
5,275
5,275
Depreclation
As at l April 2023
5,240
As at 31 March 2024
5,240
Net Book Value
As at 31 Marth 2024
35
As at l Aprll 2023
35
5. Flxed Asset Investments
2024
2023
Market Value at l Aprfl 2023
Income recei
Management charye5
Withdrawals
Revaluation gain51{lossesl
1,501,720
37,785
110,477)
{73.656)
70,789
1,708,152
32,425
(11,5251
1108,9291
118,403)
Market value at 31 March 2024
1,526,161
1,501,720
Investments at market valve comprise.'-
InvestFnent property - Land at White Street North Curry
HSBC rrtana9ed investment portfolio - Llsted shares and trusts
HSBC managed Invest¥nent KM)rtfolio - Cash
5,000
1,429,025
67,695
1,482.615
38,546
1,526.161
1.539.024
HIst0￿c￿l Cost as at 31 Marth 2024
1,501,720
1,539.024
6. Debtors
2024
2023
TMAC repaymert
Prepayments and accrued Income
7. Credrt(>rs: Amounts Fajllng Due Wlthln One Year
2024
2023
Bank OVe￿raft
Grant payable to arts cent
Accruals and deferred incorne
227
40,097
1.800
7.863
1,800
41.124
9,6fj3
Page 8

The facchl-morris Centre
Notes to the Finandal Statements (contlnued)
For The Yèar Ended 31 March 2024
8. Analysls of Charllable Fundg
8.1 Movement In fvnds
At l Apr Inc4)mlng Re￿UrceS
GairLsI(10sses)
Transfets At 31 Mar
2024
General fund
Revaluatlon resetve
(4,523)
4.014
{110,236)
73,656 {41,103)
4,014
Unrestricted fund$
(509)
(110.236)
73.656 (37,089)
TacchS-Morris Arts Centre Fund
1.496.720
37.785
{10.477)
70.789 (73,6561 1,521,161
Endowment fiFnd$
1.496,720
37.785 {10,477)
70.789
73,656
1,521.161
Total Charlty fund$
X.496.211
37.785 (120,713)
70,789
1,484,072
8.2 Analysls of net assets betwe•n fvnts
unre￿¢ted Endowment At 31 Mar
fvnds
nds
2024
Year ended 31 March 2024
Tangible assets
Investments
Current assets
Creditors less lJ)an l year
35
35
1,521,161 1,526,161
(42.124)
{42,124)
(37Mb9} 1,521.161 1.484,072
Unrestrlcted Endowmert At 31 Mar
nts
funds
2023
Year ended 31 March 2023
Tangible a55ets
Invesfftnts
Current assets
Credltors less than l year
35
5.000
4,119
{9.663)
35
1,496,720 1,501,720
4,119
19,663)
Net assets
(509) IA96,720 1,496,211
.3 Details of funds
Tacchl-morrls Arts Centre Fund..- Thés fund was establis1￿ to genwate inoNne ad4uate to r[￿t the charlty's ongolng
commltment to the runnlng o*s IK the arts cenlre Is invest8J In a mana￿1 investment l￿f01￿0 wtth HSBC.
Page 9

The Tacchl-morrls Centre
Ilot•s to the Flngn¢lal Statements (cortinued)
For The Year End•d 31 March 2024
9. Commltments
The tharrity's contribution to the costs of operating the arts ￿ntre are agreed in the Management Committee budget annually
and paid quartedy. The amount committed for the year ending 31 Marth 2025 is £72,000. Addltyonally, the tryst may be
required to contrfbute to any deficlt over the ￿￿tre'S budget.
10. Relatsd Party Transactlons
The charity awarded grants of EIOO,234 {2023 - £122,330) to the TaLthi-MorTiS Arts Centre Management CommSttee. a Jolnt
venture between the charlty, Somerset County Coundl and the Governor5 of Heathfield Q)mmunity School. of whlch the
trustees are members. At the year-ent1 grants of £40.097 were payable (2023 - £7,863) to the Management Cotnmittee.
11. Company Umlted by Guarantee
The charity is a company limrted by guarantee and does not have share capital. Eath memberfs guarantee Is Ilmlted to Él.
Page 10