Talawa Theatre Company Limited REPORT OF THE TRUSTEES AND VNAUDITED FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Registered Charity No. 327362 Compami No. 02005971 INI •ABJGFZQZ* 2311212022 CCWPANIES HOUSE
Talawa Theatre Company Limited Charity No. 32736Z Comp•ny No. 021Y)$971 Tnstees Elaine Rose Barfon tsura Collier Jame5 Dacre Dominic Alexander Had¢k)ck Rashada Harry Imgwehi Nieros (*egun (JIer Pierre-Nod Dawnia Tomlin50n Philip Raymond Tumer Chante Frazef Shaniqua Marie Benjamin Diogo exandre D05 Santos Varela Sheila Poku-oabanka (Appointed 11 October 20211 Carolyn Lashawn (Appointed 4 Novembef 20201 Re8istwtd Addrtss Faitheld Halls Park Lane CroyLknn CR9 IDG dendert Examiner Moore Kingston 1th LLP Charlone Building 17 Gresse Stre Lonthjn WIT IQL
Talawa Theatre Company Limited Contents olthe Finand•l Statements for the year Ended 31 March 2022 Page Report of the Trustees Independent Examiner's Report io Statement of Finanual Activities li Balance Sheet 12 Cash Flow Statement 13 Notes to the Finanual Ststements 14-25
Talawa Theatre Company Limited TRUSTEES. REPORT For the year ended 31 MJvth 2022 The Trustees present their annual report together with the unaudited financial MamentS for the year ended 31 March 2022. The Trustees confirm that the Annual Report and financial statemertts of the charity comply with the current Statutory requiremenrs. the chamy's go¥erninB docurneTht and the prowsioThs of the Statement of Recommended Practice ISORPI. applicable to charities preparing their accounts in accorthnce with the Financial Reporting Standard applicatAe in the UK ènd Reputlic ol Ireland IFRS 1021 leffective I Jènuary 20191. The trustees who helLI office kn"n8 the year and up to the date of s(%nature of ihe ffinancial siatements we as follows.. Elaine Rose ganton IAppJinted S February 2020 Chairof the eoardl Laura Collier james Dacre Dominic Alexander Haddock Rasha¢Ja Harry Iro8wehi Nie¥05 {un Shereen Jasmin Phill¢ps Ire5igned No¥ernber 2021/JaDuary 2022lofficallvl Olivier PierrtrNoel l Appointed 19January 2021 Chair Finance scoMMIttee) Davinia Tomlin500 Philip Raymond Tumer Diogo Varela l apwinted 7 October 20211 Chante Frazer l appoinied 7 October 20211 Shaniqua Benjamin (appointed ? Oaober 20211 Objertiwes and AtIeS a. Policies and oblertl¥es Mission Talawa is the UK'S 0$tandIng Black Brilish Theat Touring Theatre Company. OUT purpose Is to champion Black Excellence in theatre: to nurture talenr in emerginK and established artists of Afrtcan or Caribbean heritage. and to tell inspirational and pawonate stories rdbectin8 Black eXenCelhT0Ugh art. Values We are a learning and anti-racist organisation. ce values reflett cultural diversrty inherent in British Society and across the world. Our work and practices are bdd. t*dcomir& collabJrati¥e and accessible to our artists. audiences and communities. b. Artr¥itiesfor xNevlne obitrtives Talawa's objectives durifie ihe year continved to be the prorIlOn 3nd èdvancemerf of theat produttions Ih3t bring the ethnical diverse Black British experience to mainstream audiences. and Participation and Learning wogrammes that develop ethnically diverse Black prèttitioners and provide ouireach work sn comrnunities, schools and organisaiions around Black frKused expenences. Page I
Talawa Theatre Company Limited TRUSTEES. REPORT For the year ended 31 Marth 2022 c. Main arti¥ities undertaken tofvrtherthe tharWswn)ostsforthe publi¢ benefft The current artivities of the compary have been delailed in thi5 report. The director5 confirm ihat they have reterred to the guidance tontsined in the Charity Cornmission's guidance on public benefit when revie•4i the company's aims and objectives and in plannin8 fvture attivities_ Talawa's public benefit criteria are as follows: Talawa is a Black Brf(15h Touring theatre company that pro¥ides recognised CUural. engagement and training programmes that develop Bntish AfrKan and Caribbean disapora arts and artisrs for mainstream Brit15h theatre li Is a reliable and balanced advocate for the current i55ues faced by Artists from African and Caribbean Diaspora and Audiences from Africa. Caribbean diaswra and k*Lrth, Easi and South East Asian diaspora heritaRes. it is a high-profile partner for devdopin8 work with an ability to generate Sp and irust within the African, Caribbean diaspora ènd SoLrth. East an¢J south East Asian LliasDDra communitv. A leèdin8 role in the ans settor advocatirvd for anti-racism policies and praaicies both on stage and off.. providing bespoke training to tSinesseS Within the arts industry and other indu5trie5. focuseLI on biasps. and anti racism cultural shift within or¥ani5ations. Note from the Chair Talawa Theatre Cornpany (Tfci mnunues to be a leading Black theatre cornpany in the UK. The tompanv exists to creaie. produce and tour qualitywork which Shines a spotlight on Black t3lEnt. presenting theatre for a diverse ran8e of audiences acrossthe country. lfi addition. we spend a considerae amount of time and resourtes on ouryear round national talent developmeni programme. MAKE. MAKE offers trainingand development opportunilies to Black artists at all stages of their careers. We launched the online ornpoTrent tg the programme. MAKE Online. a virtual hub that Bives Black artists the opportunity to connect and collabjrate. and gives industry shapers the chance io t)ffer paid opportunities. Following confirmation of funding for the period 2018-2022. Thc continue5 to be an Arts Council Natitsnal Portfolio Organisation INPOI and c was 5ucce551ul in aFvlyin8 for an extension year on its funding which jw runs to 31 March 2023. Talawa has successfully applied to Nrts Council Naiional to be part of its pNrfolio from Aw"12023 until March 2026. This year has been incredi successful and we plan to increase our output by applying lor addifional investmenr from ACE. May 2021 saw ihe advent of Talawa Stories BBC Radio 4 Series l. sumrner prograrnme indudEd Talawa Firsts 2021 for the first time in Talawa Studio at Fairfield Ha115. free performances of The Tide in Croydon at Park Hill Park with onsite engagement artivitie5 for our audiences. This produttion was hoed èt the Greenwich + Docklands International FestNal and The Bi8 Feast festival in stoke-Tnt. Wintev wè5 packed with prodLKtions. from Run118èck at The Rec in Fairfield Halls io A Place For We at The Park. These award winnin8 produttions were seen by audiences across London. They were recorded to allow for national an¢J intemat1al releases in 2022. Spring 2022 Talawa ctrcommision ¥th Lyric Hamrnersmith based on Runnin8 Wlth Lions lone of Talawa stories playsl. a¥ed to london audiences from February to March 2022. It va5 a busy and exciting year for Talawa. Page 2
Talawa Theatre Company Limited TRUSfEES' REPORT For the year ended 31 Marth 2022 Talawa's co-produttton rnodel is based on working wth partners. sharing th2 risk_ whil this means that box office incorne is shared and is lower than in prevhJu5 years. It also means that by sharing costs we can produce mofe work and tourwork fgr longer. Tal3wa relationship building in Croydon continue5. Wlth Talawa becoming a key delivery parrner for Croydon Counol for the London 8orouBh of Culture. MAKE programme indu¢Jin8 Talawa Firsts and Talawa Your¢ People's Theatre ITYPTI are runnin8 in pers sessions once more. Produttion wraparound artivitie5 were expaThsive due to running four productions between April 2021 to March 2022. This irKluded workshops. talks and webinars. Sprin8 2022 we started the Croydon Introduttionary wriiersgroup wilh 10 I1 people working with a literaryfacilitator. Talawa Theat Company (rrci has offices and Siudio space in Fairfiehl Halls. After many months working remotelv only. Talawa team came back inro the gffice from May 2021 and began our face to face proeramme once more. We intioduced new ways of workin& tsol1tst1 olfKe and remote working 5ceneri0s. which is due to be rewewed in Seotember 2022. C continues to produce work digiially alonde its in person programme. Our audiences. participants and artists demographics support and engage in both these forum5. Achle¥ements and performance . Reviewotacti¥itie5 Context Talawa'5 activity rernained high with proéuciions dedic3ied to new work. Talawa adapted to a shifting climate brought by the Cowd.19 pandemic and f¢Jvnd new ways of delr¥erinK its rnission.. to champion Blac Excellence in theatre-, to nurture talefit in emerging and estsblished artists of African and Caribbean herita8e and to tell inspirational and passionate stories, refiecting 81ack experiences through art. Thi5 year Talawa dealt with the thallenRe Df retvrnirhg to in person programrne and shrfting bèck to office based workin& Ueati1 WO in a'lln0 with covid. world. alongside changing audience behaviour and hesitancv. The fide 121- 29 Avgvst 20211 The Tide was co-created by writer Ryan Calais Cameron and clK)reogrèpher Jade Hackett. The fide 15 5UPWrtEd by the Without Wa115 Con50rtium, and is comrni55ioned by 8ri8hion Festival and GeWICh[kIckPands Internaiional Festival. and is Talawa's f1rst show created exclusNely for outdoor performance. The fide is hosted by GDIF. The Big Feast Festival and Talawa in Croydon. Our tourirewas back fvlty due io co¥id-19 as it was deemed too high nsk. Due to CCMD ihe tour in 2020 has been rescheduled to mrner 2022. Run It Back 125 March-4 April 20201 rescheduled AUM 20212-18 September20211 Directed by Coral Messam. Run It gack reiurns following its first iteration at TYPT:18 Into a full produrtion in 2020. which was then cancelled in March 2020 part way through the rehearsal process due io Covid 19. Talawa paid fredancers their full fees. Pagè 3
Talawa Theatre Company Limited TRUSTEES, REPORT For the year ended 31 Marth 2022 On 17 March 2021 projee( BTant funding wa5 secured to remount Run 11 Back in Summer 2021. Due to new cowd rules and artist 8vailability Talawa was 8iven perrni55ion to move the produttion io late summerle3rly autumn 2021. Ilun It Back held 14 perfomances at The Rec. Fairfieltl Halls. Often to sold OLrt audiences. and our art5 council proiect 8rant fundin& covered the cost of allowing undef 25$19(M) people). to come to see the produttion for free. Alongside the produttion weie dance workshops, pjst show di5CUS5ion5 live Streamed on insta. tik tok workshops and accessible performance5. This produttion was critical success and was nominated for a 81ack 8ritish Theatre Award. Talawa Firs 15 July- 16July 20211 Our annual Festival ol new work was due to be presented at Talwa stud in Fairfield Halls. It continves io present the best of upcorning and diverse talent to PfO(lucers and OPElls UP opwrtunities and attivities in theatre, ielevision and film, driving diversity in the arts and the arts ¥yoorCe. Talliwa's aim is w kick start careers and create community of artists who with our support- WAI become rhe next generation to influence the future of 8ritt5h theatre. Due to COVID, 1020 festwal was cancelled. Oui lestival happened in July 2021. We work wth four writer5 and four directors on brand newwork, CmInatIng in two double bills perforrTrances. For the first time we live 5trearned Talawa Firsts. as there were capacity restrictions. it allowed for additional industry producer5 ond audience5 to See the festival. A Place For We 16 May- 6 June 20201 rexhedule autumn 2021- 7 Ctt- 6 Nov 20211 A co-production between The Park Theatre and Thc. Thiswas CadIed due to Covid-19. Discussion5 Started in 2021 to look at rescheduling A Place for We io aumn 2021 which was achie¥ed. There were 36 performances of A Place For We and two $t show discussions with the cast. director and writer. We invited community ambassadors to rehearsals. the purpose being io engage and eoUrage local communities to attend the performances. This produttion was critical su(cess and was norninated for a Olivier awardand ¥¥on an OFFIE for best ensemble. Tal siories (April 20- frAay 2Jl Talawa stories is a series of rhree half an hour plays by emerging Black Bfitish Writers and Oirectors. a co-producrion between C on their 35rh anniversary next year. and Feral Inc Producrigns. This has been cornmission by 88C Radio 4. Talawa'5 New Work Producer and a Ireelancer dramaturg wll identify ané supwrt Six new writers to work on half hour 5cript5 over the course of a Six week development prtserèmme ths autumn. with the aim of commissni three 5criprs to be made for the series. The three writers pickeLI for broadcast and their pieces,. Running With LKJns by &"an Caner. dicecred by Michael 8uffong. NSA bv Charles Entsie. diretted byjade Lewis. Precious Little Things by Roberta Liwngston, directed by Anastasia Osei-Kuffour. Transmission dates of 7114121st May 1021. We received audiences of 2.4 millK)n listener5 and critically successful. these plays will remain on BBC sounds until 2026. Talawa has applied for another senes. Page 4
Talawa Theatre Company Limited TRV5TEE5' REPORT For the year ended 31 Marth 2022 Runni With Lions 110 February 2022- 12 March 20221 Runnin8 Wlth Lion5 written by Sian Carter and directed by frAidoel Buffi)ng in co-commissioned and pruduced by Talawa and the Lyric Hammersmrth. Original produced as a radio rAay for BBC radio 4 in May 2021. Fcdlowing the death of a loved one. a 8ritlsh-Caribbean family 5trugBles to come to temis with their 8rief. Isolated by their 8enerational tselief5 and thallen8es to their fèith and menial health. they live between the thin8s they do and do not say. Runnin8 wr(h Lion5 explores the joumey of one familrfs iOn¢111atIOfi after loss and the rediscovery of love and jov. There were 32 performances. including post show di5CU55ion and a radio play competition. The radio play eommissson lookin8 for two new radio plays that explore the themes of farnity. wellbein& 8rief or hope in reskM)nse to Runnin% With $. The competition was black 1dert1"rt8 people a8ed beeefi 18-25 years old. The success pieces would be supported an cOrded. Tales frorn the Frontline (July 2020- April 20211 The pandemic has had a Starkly divergent impact on cornrnvnitie5.' Black people are four times more likely to die from Covid- 19, according to OffKe of National Statistics fi8ures in May 2020 for En8land arbd Wales. INhile in November 2020. the Joinr Committee ofi Human Ri8hts report "Black People. Racism and Human Rights- corKluded thar rhe Government must urgently take action to protert the hurnan rights of Black people acros5 rnany areas. including healthcare. The Tales Irorn the Front Line interviews were a space for the Black worke15 to Share their experience5. their concerns and their hopes for the future_ Wack art15tS 3nd ueatives have Ihen used the iestimonies io create sixdramised pieces ofwork using music, movernent. photography and soundscapes to convey the story. These were released episodically. with the frst two films Ipart i & 21 being made available on 30 November 2020 and parts 3 & 4 feleased 11 February 2021. The final series of filrns part S.. Primary School teacher and part 6 Breather were released in 27 April 2021. These films Continue to be watthed by national and international bryewers on youlube. Our aim was to documenr and cdet*e fhe contributw of 81ack rkerS during the crisis, to (reate a lasting historical record. Talawa Conn Ioctober 2021- February 20221 Talawa connds is a new proRramme created in 2021. It gin& audierbces. (atIves. anL4 the wider Croydon Community a chance to explofe the man¥ paths to creativity and theatre. We colLiborate 7Mth professionals who have found their place as reative5 in unusual ways. Artists ran v4ue. attiwsm. rKJ&ry and well bein8 Wofkshops. Page 5
Talawa Theatre Company Limited TRUSTEES. REPORT For the year ended 31 Math 202Z MAK Throughout the year we ran the various strands of the MAKE prograrnme, targeting glack artists across ihe UK. In all we engaged with 330 artiMS across Ehe year. Studio Firsts Iwhich used tts be run three times è year with some ffinanoal support) didn'i operate dunng 202112022. Instead we offered rehearsals or tesearch & d¥0pMent space in the new Talawa Siudbo at Fairfield Halls. Studio Firsts returned in Autumn 2022. ralowo Fir515 Talawa Firsts Showcases new wrrtin8 an¢J theatre-making by Black British artists and cwti¥es. alon85i¢Je skills-5harin& mentoring and learninB events. Thiswèstheffirst time if was hosted at Talawa studio. Script Reoding Service The Service aims to read scripts from emerging Black writers and give them critical feedback and developrnent 5UPPOrt on their work. This Iree-to- use service artracted 220 writer5 through the year. roltywo Writers'Progrornme We are currently CommissnInK and co<ommis&oning 7 writers through Talawa Writers. Programme. Northern stage. Ornnge Tree and The Royal Exchange Manchester are new cofflmissioner5 for Talawa's writing programme. The programme aims ro brin8 onboard partner companie5. commission three writers. and put tO8ether a pro8rarnme of activitiesto support their development and e5talAish theseTleWithIn th2 industry. MAKE Onlsne We launched MAKE online, a resource for 8lack artists across ihe VK during the year. As at 31 March 2022, there were 1.115 fegisirants. of which 215 identified themselve5 as organisations gr individuals from the wider industry and the maindIng 900 identified as art15ts. We believe that MAKE Online is a unique space for Black artists in the UK. and that il s beginning to change the industry. IYPT (returned September 2021- April 20221 TYPT 15 Talawa'5 flagship programme for ernerging Black theatre makers. A team of emerÈing artists aged 18-25 will work with established art15ts to create a brand new Show. in Talawa Sludio. This 15 bein8 fElavnched in April 20211il is 3 9 month programmel, as the 2020 programme was (ancelled due to COVID. Partiopants recruiied for the 2020 cohort, will be offered the opporrunity to come back ont*)ard. Recruitment for any remaining places happened in September 2021 and the pro8ramme is now running from September 2021 to April 2022. Talawa Cale- direct response to co¥id and wa5 paused in 2021 as we focused on delNerin8 our artist pro8rnmme in person. Page 6
Talawa Theatre Company Limited Finantial Revlew •. Going Con¢ern After makin8 appropnate enquiries. the trustees have a reasonable expeaation that the company has adequate resources to continue in operational existence for the foreseeable flrture. For this 350n, they continue to adopt the 8oing concern basis in preparin8 the finanDal statements. Further details regardin8 the adoption of the going Cgncern basis can be found in the Accountin8 Policie5. b. Reserve5 Poli<v Free reserve5 comprise unleried fun¢Js excluding ¢Jesi8riated funds and amounts invested in fixed assets. The level of frtt reserves held at 31 March 2022 was £246.77212021= É249.(J481. This is considered appropriare lorthe urrent level of attivity takn.ng into account the designation of funds below. At 8 March 2022 the directors desi8nated £159,(KOof the8eneral fvnd as follows.. A designated minimum reserve of £103.1))O 15 to cover the costs of salaries and overheads for a three-month perK)d and a new reser¥e of £56K for artistic reser¥es. The operationlresefft5 ¥t increased to keep up with increase staffing cost5. Please note reser¥es policy wll be updated eath year. ensurir we are Thjt lding too much or too little for our current prograrnrne and operational need L Cuwrent y1 resul Talawa has been awarded fundi of £448.407 for the year ended 31 March 2023. The cornpany will received an 56% uplift in ACE funding for the linancial years 2024-2026. to support its Talawa development programme nationally. The companrfs total reserves inueased by £14.048 for the year ended 31 March 2022 linc5ed by £73.047 for the year ended 31 March 20211 as follows.. - Deficit on ClpanY operations UnstriCted= £5.15212021.. £188.956. surplus on company operations wtthin restricted.. £19.20012021.. £115.919 deficit) Stnjrture. go¥ernance and management a. Ctsnsiitutian The cornpaThy is registered as a cfrarita14e company lirnited ty guarantee and was Set vp by z TTu5t detd ènd is a registered charity nurnber 327362. b. Method of •ppryntment orelEction of TThstets The managernent of the company is the resprffisibility of the Trustee5 who are elerted tO-OPted under the terms of the Trust deed. c. Or8an15ational strurtu and dedslon makini The Chairof the Board cofitinues to 5cesSfUllY leat1 the company. Page 7
Talawa Theatre Company Limited TRUSTEES, REPORT For the ernled 31 Marth 2022 d. Risk fflawment The Tfustees have assessed the major riss to wh¢ch the company 15 exposed. in particular those reL4ted to the operations and finances of the cornpany. and are satisfied that systerns and procedures are in place to mitigate all exposure to the major risks. Due to COVID, we had to cèncel or wstpone our produttions programmed from March 2020-December 2020. However Ouf rinancial p)sition was stable and consequelltly we did not need io app1 for Culture Relief Fund. Our business w35 brisk and we also did not need to fvrtol any of our staff. We cwtinued io provide digital work and online engagement with art15ts and audiences. Plan5 for future development . Future dE¥elopments In 202212023. rid The fide is cTrcreated by writer Ryan Calais Cameron and creOgrapher Jade Hxkett. The fide is supported by rhe Withoul Wa115 Con50rtiurn, and 15 commi55ioned by 8righton Fest31 artLI Greenwich+Dod(lands International Festival. and is Talawa'5 rir5t Show created exclusivelv for outdoor oerformance. The fide toured fe$lal5 in 2019. The scheduled 2020 tourwa5 P95tpJned to 2022 due to COVID. London Boro h of Culture C on IApril 2023- Marth 20241 Talawa is a key delivery partner for LBOC. ffc to prOde two flagship events whith includes Vodlg a new pi2te on SamuEI Colerid8e Taylor and a mass partiopation project working title Thi5 Our Croydon. Black Jo Season 5UStain 0ri8snally Scheduled for Autumn 2021- Swing 2022- postpor until Swnmer 2024. 81ack Joy se3son was a new partnership beeen 8irrnin8harn Aep Theatre and Txlèwa. We are producing ihrpe pieces of work Grime 8oy, Plan On and A Doll's House. whith will play across all the stages in Bifmingham. These shows will tour the UK. Potential oartners are Leeds Plavhouse. bvemool Everyman Theatre and Hacknev EmThre. In Decernber 2020 we took the difficult de(i5ion to step away from tbis partnership. SEe statement here http.'//www.tal3wa.comlarticleslblack-joy-update This $Ited in Arts COU11 removin8 Ihe susrained fundin8. Black Joy will occur now occur from Surnmer 2024 with a new build pannershipwith Lyric Hammersmith. We will be looking to applyfor new ACE fundinKfor this season in Autumn 2022. New commis (summer 20251 A brand new outdoor installation 3fKI performante rece was commissioned for ihe Greenwich * Docklands Intemational Festival. Page 8
Talawa Theatre Company Limited TRUSTEES. REPORT For the year ended 31 Marth 2022 MAKE Iongoingl Make and Make Online ¥wll continue in earnest, presentin8 V3riOUS 5trznds includinB MAKE Online. the Script reading service and Studio First5. statème+)t of Trustees. Responsibilities The trustees Iwho are also directors of Talawa Theatre Company for the pvrposes of company lawl are responsible for preparing the Tru5tees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practicel including FRS 102 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland,. Company law requires trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of ihe incoming resources and application of resources. including the income and expendituie. of the chaiitable Company for that period. In preparin8 the financial statements, the trustees are required to.. • select suitable accounting policies and then apply them consistently. observe ihe methods and principles in the Charities SORP.. make judBements and e5ttmate5 that are reasonable and prudent- state whether applicable UK Accountin8 Stsndards have been followed. 5ubjert to any material departures disdosed and explained in the financial staternents.. and prepare the financial statements on the gn8 concem basi5 unle55 it 15 inappropriate to presyme that the ¢haritable company will continue in business. The trustees are responsible for keeping adequate accounting records that disdose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements cornply with the Companies Act 2CIJ6. They are also responsible for safe8uardin8 the a55ets of the tharitable company and hence takin8 Èasonable steps for the prevention detection of ffaLbd and other iffegularities. This report was approved by the Trustees on 1511212022 and signed on their behalf by: 014vier Pierre-Noe Chair of the Finance Committee Page 9
Talawa Theatre Company Limited Independent Examiner's Report to the Trustees 4rf Talawa Theatre Company Forthe year ended 31 March 2022 I report to the charity trustees on myexaminaiion of theaccounts of the Companyfor the year ended 31 March 2022. Responslbolltles and basis ol report A5 the chariV5 trustees of the Company land also tts directors for the purposes of company lawl you are responsible forthe preparation of the accounts in accordance wrth the requirements of the Cornpanies Act 2C(161'the 2LIJ6 Act'l. Having satisfied Fnyself that the actounts of the Company are nor required to be audited under Part 16 of the 2006 Act anLI are eli8ible for Independeni examination, I reFQrt in respect of rny examination of your charity's accounts as carried OLA under settion 14S of the Charities Act 2011 1.the 2011 ACVI. In cèrryinB Out my examination I have fdlowed the Oireuionsgwen bythe Charity (missi undEr settion 145151 Ibl of the 2011 Act. Independent exafflinee5 5tstement I ha¥e ci)mpleted my examination. I confimi that no matters have corne to my attention in connertion with the examination giving me Cause to bdieve." l. accounDn8 records were not kepi in respeu ofthecompary as iewired sertion 386 ofthe 2C(6 Act.. or 2. the accounrs do not accord vriih those records.. or 3. the accounrs do not comply wilh the accountirtgrequirements of section 396 of ihe 21))6Act other than any requirement that the accounts give a 'true and fair wew which is not a maiter cortsHJered as part of an independent e¥aminat40n.' or 4. the accounts have noi been Pfepared in accordance with the methods and princrples of the Statemerbt of Recornmended Practice for accounting and reportire by charities applicable ro charities pteparin8 their accovnts In accoidance with Financial Reportini Standards aprAKable in ihe UK and Republic of Ireland IFRS1021 I have ronoms and have come atr¢M no other matters in tonnettion with the examination to which attention should be drawn in this report in order to enable a proper understandiTh8 of the accounts to be reached. Mark Twum-AmpofoACA. Partner. Independefrt Exarniner For and on behall of Mocre Kingston Smith LLP. Chartered Attountants Charlotte BurdIng 17 Gfesse Streei London WIT IQL 1511212022 Page 10
Talawa Theatre Company Limited STATEME1 OF FINANOAI AcmiiTIES For the year ended 31 Marth 202Z Iln¢Nporating Income and Exwithture AtyjntI Unrtstrirted Funds Restrirted Total 21n2 Ttxal 2021 Income from.. Oonations & legacie5-. Arts Council En8land Grant Talawa Firsts Fundin8- Martirn Bowley Trust Noel Coward Foundati Grani The DOYLY Carte Charitable Trust Grant Leche Trust Grant Croyden Culture Relief Fund Grart Foundation Roi Baudouin-TYPT AIB Grant Income Other donations & legacies 448.407 448.407 448,407 5.500 5.000 3,000 2,500 5.300 7.478 102.374 38.SLKI 7.478 107.374 58.582 20,082 6,037 Charitable attiwties 21.479 18,709 40.188 2,767 Other charitable trnding arti¥ities 66.372 66.372 53.921 Investments 50 181 Total Income 561.390 167.061 728.451 532.613 Expenditure on: Charitable activities 1566.5421 1147.B611 1714.4031 1459.5761 Total Expenditure IS66.$421 1147.8611 1714,4031 14595761 Nrf Income 15.1521 19.200 14,048 73,037 Transfers between lunds 15.16 Net mowem*rt in fvnds 15.1521 19.21K) 14.048 73,037 Fund balances at 31st March 2021 413.S59 IS.8 429.359 356,322 Fund balarKes at 31$¢ M 2022 15.16 408.407 35.lKI 443.407 429,359 All disclosures relait only lo continuin8 operations_ There a no feco8nised 8ains or I0e5 oiherihan the nei incorrmre resources for the yeaf. Page11
Talawa Theatre Company Limited BALANCE SHEET asat 31 Marth 2022 ZQ22 Z021 Flxed Assets Tangible assets 12 2,635 2.635 s.sii 5.511 CURRENT A55ETS Debtors Cash on short term depxt at bank and In hand 21.722 490.656 512.378 4.805 433.244 438.049 CREDITORS- Amount$falli due wiihin one year 14 171,fA)61 114.2011 NET CUIIRENT ASSErs 440.772 423.848 TOTAL ASSEfs LESS CURRENT UABiunES 443.407 429.359 TOTAL flET A55Efs 443,407 429,359 Charity Funds Restricted Funds Unrestritted Funds 35.IDJ 408,407 15,8LNJ 413,559 16 TOTAL FUNOS 443.407 429.359 For the year ended 31 March 2022 the charity was entitled to exempiion fiom audit under Section 477 of the Companies Act 2006 relatin8 to all companies. The rnembers have )t required the company to obtain an audr( of r($ accounts for the year in quesiion in accordance with Settion 476 of the Companies Att 2006. The directors ackrKJwledge their responsibility for complyin8 with the requifements of the Att with respect to ac¢ounV recGffds and f¢ the preparaiion of the accounts. The financial statements have prepared in accordance wrth the provisiuns •pplicoble lo companies subjett to the small companies 81Me. The financial statement were apkKoved ty the Trustees aThJ authorised for issue on $18ned on their behalf by.. 1511212022 and were Olivier Pierre-Noel Chair of the Finance Comrnittee Company No. 02005971 Page 12
Talawa Theatre Company Limited CASH FLOW STATEME14T For the year ••)ded 31 Marth 2022 Nott 2022 2Q21 Cash Ilows from Operati31¥ties Cash generated from operations 57,362 57.362 60.054 60.054 Cash Ilows from imiostlng artl¥ltles Purchase of tangible fixed assets Interest received 12.4981 181 50 12.3171 Change in cash in the rert1Thg period 57.412 57,737 tssh at the bewnning ofthe reporti pefK)d 433.244 375,507 Cash at the end the rep¢#t(n8 period 4.556 433,244 Page 13
Talawa Theatre Company Limited NOTESTO THE ANANCIALSTATEMErirs For the year ended 31 Marth 2022 I. ACCOUNTING POUOES Cornpany Information Talawa Theatre Company is a privatecompany lirnited byguarantee incorporated in England and Wales. The registered office is Fairfield Halls. Park La. Croydon. CR9 IDG. 1.1 ActOUfilinR ¢on¥ert Basis of Preparalion The financièl statements have been wepared in accordarKe with the Financkal Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. published in Jantsary 2019. The Charitable Cornpany is a public benefit entity for the purposes of FRS 102 and theiefore rhe tharity also prepared its financial statements in accordance with ihe Statement of Recornmended Practice applKable to charitie5 preparin8 their accounts in accordance with ihe Financial Reportin8 Standard applicable in the UK and Republic of Iland (The FR$ 102 Charities SORP published in January 20191. the Companies Act 2(J6 and the CharitiesAtt 2011. The financial statements are prepared in sterlin& which is the functional cwrency of the compary. Monetary amounts in these financial staternents are rovnded to the nearest wund. 1.2 GOI Concem Basis The financial statements have been prepared on a 8oin8 concern basis. The compary's ablity to continue to trade in the long term is currently dependent on Arts Council Fundin8. Talawa is an Arts Council National Portfolio Or6ani5ation and had funding confirmed for ihe period l April 2022 10 31 March 2026. As a $VIt of the (ovid pandemic the Arts Council granted portfolio organisation5 the oppjrtunity to appty for a I year extension to this funding period. Talawa ha5 successfully applied for such an extension and has been awarded funding rjf £448.407 for the year ended 31 Marth 2023 The company has unrestricted net assets of E408.407. of which £159,000 has been dest%nated. The directors consider that the cornpany's reserves will be sufficient to cover deficits that may result from unanticipated costs ol projert5. On this basi5. the dirertors tonsider it appropriateto prepathe finarKial statements on a goingcimcern basis. 1.3 Income All income is recogrnisÈd once ihe company has entiilement to the incorne. it is pmbable that the income will be received and rhe amount of incorne receivable can be measured reliablv. Income tax recoverable in relation io donation5 received vnder Gift or deeds of covenant is renISed at the rime ol the donation. Income tax retoverable in relation io investment irKome is reCo&rSed at the time the irwestment income is ceivable. IA EMndItre Expenditure is recognised once there is a legal or cons1r1[Ye obligation to transler economic benefrt to a third party. it is probable thai a rransfer of e(cMmiC benefits wi11 be required in settlernent and the arnount of the obli8ation can be measured reliably. Expenditure 15 dassified by aaivity. The cost5 of each actryity ale made up of the total of the direct costs and shared cosis. including 5UPPOrt costs inw?Ived in undertakiN8 each actIly. Direct cost5 attributable io a single activity are allocated directly to that activity. Shared costs which contribute to more than one attivrty and support cost5 which are not attributable to a single aCtIty are apportioned beeen rhose activities on a basi5 consistent with the use of resources. Certtral staff costs are allocated on ihe basis of time spenL and depreciation Chae5 allocated on the rtIOn of theassets used. Page14
Talawa Theatre Company Limited NOTES TO THE HNANCIAL STATEMENf5 Forthe year ered 31 March 2022 I. ACCOUNT114G POUCIE5 Icontinuedl Support costs a those costs incurred direcity in suptffi of expenditure on the obiects of the cornpany and include project management carried out at Headquarters. SUprt Costs are alhxated on a percentage ba5 a5 detailed in note CharitalAe activities and GoverAafice costs are costs incyrred on the company's educational operations. including support Costs cosis relating to ihe governance ol the company apportioned to charitable actiwtie5. 1.STang1le Fixed Assets All assets c05tinB rnore than £5 are capitalised. A rewew for imp3irment of a fixed asset 15 tarried out il events or charvaes in circumstances indicate that the carrying value of any fixed asset may Dot be recoverèble. 5horttslls beeen the carrying value of fixed asset5 and their recoverable arnounts are recognised as irnpairments. Impairment 105ses are reco8ni5ed in the Statement of financial activities incorporation income and expendiiure account. Tangible fixed a5set5 are carried at tost. net of depreciation and any provTSiOnS for irnpairment. Depreciation is prowded at rates calculated to write off the tost of fixed assets. less their esrimated residual value, over their expected useful Ilves on the follong basis-. Office equiprneTht 3- 5 year5 straight lir b3515 1.6 Intere# Rttefvabl¢ Interest on funds held on dep1 is induded when recvable and the aryUnt can be rnea5ured reliably by the company.. tkn"s is normalty notifKation of the interest paid or payable bythe 8ank. 1.7 Debtots Trade and other debtors are ¢08n1$ed at Ihe settlement amount after any trade discount offered. Pfepayments are valued at the amount prepaid net of any trade discounts due. 1.8 Cash at Bank and in hand Cash at bank and in hand includes cash and short terrn hi8hly liquid investments with a short maturity of three months or le55 from the date of acquisition openin8 of the ¢Jewsit or similar acwunt. 1.9 Liabililits •nd pro¥iyons Liabilitie5 are reco8ni5ed when there is an obligation ai the balae sheet date as a result of a past event. it is probable that a transfer of economic benefil will be fequired in settlemeni. and ihe amount of the settlement can be estimated reliably. Liabilities are recognised at the amovnt thai the company anticipates it will pay to settle the debt or the amount it ha5 received as advanced payrnents for the good5 or 5ervi(es it must provide. Pro510n5 are rneasured at the best estimate of the amounts required to settle the obligation_ 1.10 Financlal Instruments The Company only has financial assets and finarKial liabilitie5 of a kind ihai qualify as basic financial instruments. Basic financial Instruments are initialr recognised at transaction value and subsequently measured at their settlement value with the excewion of bank loans which are subsequentty measured at alrtIsed cost Using the efftrtive interest rnethod. Page15
Talawa Theatre Company Limited NOTES TO THE APiANCIAL STATEMENTS Forthe year ended 31 Marth 2022 I. ACCOUNTING POUOES 1¢tIn 1.11 PensS•)s The company operates a defined coniribution pension stheme and the penSn char8e represents the amounts payable by the company to the fvnd in respett of the year. 1.12 Fund acwuntini General funds are unrestricted funth which are availae for use at the discretion of the Trustees in furtherance of the 8eneral objectives of the company and which have not been designaied for other purkW)ses. Desi8nated funds comprise unrestricted fvnds that have been Set aside by the Trustees for particular purkw)ses. The aim and use of each designated fund is set out in the notE5 to the financial statements. Restricted funds are funds which are to be used in accorthnce wrth specifit restrictions imposed by or which have been raised by the company for particuL7r purpose5. The costs of raising anLI administering such funds a char8ed against the specific lund. The aim and use of each re5tritted fund is set out in the notes to the financial siaternents. Investrnent income. gains and 1055e5 are alkad to the appropriatefund. 2. In¢ome from dtywllons •nd Iq•ties Umestrlrted Restricted funds funds Total funds Total lunds 2022 2021 Arts Counol England grant Talawa Fir5t5 Fundin8- Martin Bowley Trust Nod Coward Foundation Grant 448.407 448,407 448.407 s.sc S.OLY) 3.0(A) 2.5CKI 5.3C¢) The DOYLY Carte Charitable Trust Grant LeLhe Trust Grant Croyden Culture Reliel Fund Grant Foundation Roi 8aLJdouin- TYPT Rlè Grant Income 7.478 102.374 7,478 107,374 Total 8rants 453.407 109.852 563,2S9 469.707 Donations 20.082 38,5CKI 58.582 6.037 Total donations and legacies 473.489 148,3S2 621,841 475.744 Total 2021 459,944 15.8 475,744 Page 16
Talawa Theatre Company Limited NOTES TO THE RNANCIAL STATEMEPItS Forthè ¥ear ended 31 Marth 2022 3. IncLThe Irom tharitawe arti¥its Tot41 funds Total lunds 2021 lunds 2022 fund5 2022 Box office income ParticiparinR projetts 18.850 2.629 18,850 21,338 i.o¢xJ 1,767 18.709 21.479 18.709 40.188 2.767 Total 2021 2.767 2,767 4. Incorne Irom other Charltalt tradkng artl¥ftle5 Total funds 2022 T<al funds 2021 funds 2022 fvnd5 2022 Income fromtheatre tax relief Income frorn unconscious biastraining Adrninistration IrKome s.oc 48.921 66.214 158 66,214 158 66.372 66,372 53.921 Totsl 2021 53.921 53,921 5. Investrnent Totsl fvnd5 2022 Total fvnds 2021 fuThls fvnds 2022 Investment income 50 181 Toial 2021 181 181 6. Analysi5 of expenthtwe on tharitable arti1¢5 Total nds 2011 fur fid$ 2022 funds 1022 Pr0dl10ft Education 254.Y4 70.818 113,308 70.818 56.654 66537 18,483 29,572 18,483 14,786 321.481 89.301 142.880 89.301 71.440 206,809 57,447 91.916 57,447 45,957 Art15tit Literary Marketir 566.542 147,861 714.403 459,576 Total 2021 327.857 131.719 459.576 Pag• 17
Talawa Theatre Company Limited NOTES TO THE HNANCIAL STATEMENTS Forihe Iftar ended 31 March 2022 7. trett c05ts Tota 2022 Total 2021 Pr#durtiun Eduu1 Artistic LiteTrry Marketing Admini5trntl¥E. trainin8 and staff costs DItr Sundry expenses Direct Hospitalitv 15.705 4.363 6.980 4.363 3.490 34,901 6,327 1.087 72 122 27 271 ProjecLS and Perfonnance costs Workshops WritEf5 comrnis5ion Aeadrng 5er¥ice ènd Talawa Fir51 play Wages and salaries Dirett 106.608 11.342 1.800 29,613 47,381 29,613 3.151 5,041 3.151 500 500 23.691 236.906 2.521 25,206 400 4,000 51,207 1.088 8.647 107.434 2.402 3.843 2.402 29.843 47.749 29.843 1.922 19.216 5,570 23.874 238.743 264.929 2SI.658 69.906 111.848 69,906 55.925 559.243 330.280 At 31 March 2021 148.626 41285 66.056 41285 33.028 330,280 8. support costs Total 2022 Totsl 2021 Prod¥thM Arttsts¢ ierary Matrtheti Administrative. training and staff c05t5 PrintinL Postage and stationery CompLrter supplies Lega1 and professional Cleaning and security Sun¢Jry expense5 Subscription5 Rent and rates Insurances Wages and salaries Depreo*ion 2.502 695 i.iiz 695 556 5.560 27.271 941 6.563 4.665 718 4.042 262 l.823 1.296 2(K) 1.123 247 4.187 418 2.917 2.074 319 262 1.823 1.296 200 1.123 247 4.287 209 1.458 1.037 160 898 197 3.429 2.092 14.584 10.368 1.597 8,982 1.974 34.294 6,456 66,377 2,876 6.7L 6.985 11.799 7.288 1.463 15.6481 4,349 66.S46 2.543 395 6.859 1.291 8.297 13.275 575 15.432 29.870 1,293 8.297 360 6.638 69,819 19.397 31.031 19.397 15.516 155 160 129,296 At 31 March 2021 58.183 16.162 25.860 16.162 12.929 129.296 The 5UPPQrt costs shown above have been albcated auos5 the Statement of Finala1 Artivities as follow5: - Production costs 45%12021= 45%) - Education costs 12.5%12021.. 12.5%1 - Artlslic costs 20%12021.. 20x1 - Lrterary costs 12.5%12021.. 12.5%) - Ma¥keiiw costs io%12021= 10%) Pag& 18
Talawa Theatre Company Limited NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022 9. Anafysis 91 eMndItUre by expenditsre type StafF costs Dewe¢i•tion Other costs 2022 2022 2022 Totsl 2022 Total 2021 Produrtion Education Artistit Liteiary Marketin8 137.3( 38.140 61.024 38.140 30.512 1.293 360 S75 360 182.880 50.803 81.280 50,803 40,641 321.477 89.303 142.879 89,303 71.441 21)6.809 57.447 91,916 57.447 45.957 305.120 2.876 406.407 714,403 459.577 Total 2021 331.475 2.543 125.559 459.577 10. Net incomel lexpenditurel This is stated after tharn8". 2022 2021 Oepretiation of tangible fixed 3ssets= - assets owned by charity Independent examiner'5 remuneration 2,876 4,400 2,543 3.500 Durin8 the year. no Trustees received any remuneration12021.. Enill. During the year. no Trustee5 received any benefits in kind12021.. £nill. DLtring the year. no Trustees feteived any reimbursement of expenses12021.. Énill. 11. Staft costs staff costs were as follow5= 2022 2021 Wa8es and salaries Social Security costs Other pension c05t5 273.503 25.406 6.212 304.431 24.288 5.902 305.120 334.621 The average number of persons employed by the company durin8 the year was as follows-. 2022 No. io 2021 No. rect Charlble wvrk Administration 12 No employee received remuneration amounting to morethan £60.1)Xl in eitheryear. Key management personnel consist of the Joint Chief Executive Officers, the Artistic Direttor and Executs"ve Director. Remuneration and benefits received by key management personnel amounted 10 £115.64912021.. £110.2991. Page 19
Talawa Theatre Company Limited 140TESTO THE ANANCIAL STATEMENTS For the year ended 31 March 2022 12. Tati8ible Flxed Assets Offi¢e Équipment Totsl Cort At l April 2021 Additions Disposals 14.380 14,380 At 31 March 2022 14.380 14,380 Oepre£iation At l April 2021 Charge for the Vear Eliminaied in SpeCt of diswsats 8.869 2.876 8.869 2,876 At 31 March 2022 Net Dk Val At 31 March 2022 At 31 Marth 2021 13. Debtors 2021 Trade debtors VAT recOVerae Other debtors 17.136 4.586 4.032 750 23 21,722 4,8D5 14. Creditors 2022 2021 Trade creditors Other taxation and sooal security Other creditors Actruals and deferred income 18.663 5.232 636 47.07S 3.028 6.890 783 3.S 71.606 14,201 Page 20
Talawa Theatre Company Limited NOTES TO THE FINANCIAI STATEMENTS Forthe year ended 31 March 2022 15. Statement of fvnds- ¢urrent year 8alance at TranSle . •t .lout 3110311022 01104n021 Inrorne Expenditure Deèted fvnds Desi8nated minimum reserve Designared art15tic reserve 103,OJ) 56.(DJ 103,000 56,000 159.(KKI 159,000 General Funds General funds 2S4.559 561,390 1566.5421 249.407 254.559 561,390 1566,5421 249.407 Total unrestricted fuThJs 413 59 561390 Restrirted funds Croydon's Culture Relief FurKI Grant Noel Coward Foundation Grant The D,(lY Carte Charitsble Trust Grant Leche Trust Grant Foursdation Roi 8audouin- TYPT CEZ Corporate5- Run it Back ACE. Run it Back 8ackstaBe Trust- falawa Firsts Martin Bowley Charitable Trust. Talawa Firsts Stage One programme 15,3001 15.Tr)01 13.Q)01 12.5001 17.4781 125.¢))01 177.3741 2.5 7.478 25.th)O 77.374 35.Cl)O 3.5(Kl 35,000 13.51XII 18.709 118.7091 Total restricted lund5 Total of funds 429.359 728.451 1714.4031 443.407 Page 21
Talawa Theatre Company Limited NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2022 IS. Statemeni of funds conllnued- prlor year Balance at OV0412020 Transfers 6alance at inlout 3110312021 IrKorne Expenditure DesIated funds Designated minimum reserve De5i8nated artistic reserve 43,orxi 56,OtsJ 103,0(KJ 56.OCbJ 159.000 General Funds General fund5 164.603 516.813 1327.8571 199,(ts)I 254.559 164.603 516.813 1327.8S71 254,559 Total unrestricted funds 224 603 516 813 327 857 413 559 Restrlrted funds ACE.- Catalyst E1ve Esmée Fairbairn Writer's Programme ADLP- Artistic Director Leadership City 8ridge Trust FundinB Croydon's Culture Relief Fund Grant Noel Coward Foundètion Grant The D'oyly Carte Charitable Trust Grant Leche Trust Grant 82.IS2 20.293 14,9)3 9.141 5,230 182.1521 120.2931 114.9)31 19.1411 15,2301 5.300 S,3CQ 5,oriJ 3,OCQ 2,SC 2.Sth) Total stricted funds 131719 15.BlJ) 131 719 15.800 Total of funds 356.322 532.613 1459.5761 429.359 Croydon Culture Relief Fund The Croydon Culture Relief fund was a programme ol funding iowards cultural actiwty during ihe Co¥id-19 pandemic. The project was Toles From the Frontlftrtre- a series of 6 films talkirvd about the experience of black key and frontline workers during the pandemic. Writers. Programme Talawa's writers. programme was supported by Noel Coward Foundation, which supported research & development and ma51ercla5se5 for writer5 of Talawa Stories. Young People's Theatre Pro8ramme This was supported by Leche Trust. who fund development of young professional artists. along with the Baudouin Foundation181ack community committee fund). that support black or8anisations in London. and D'oyly Carte. that funds the advancement of arts. Page 22
Talawa Theatre Company Limited IIOTESTO THE Ht4ANCIAL STATEMENTS Forthe year ended 31 Marth 2022 Talawa Firsts Martin Bowley Charitable Trust foundation and 8ackstage Tn funding is used to support young artist5 ond emerBing writers. performers involved in our new writing festival. Run It Back produrtlon Arts Council En8land projett 8ratit and CEZ funded rhe 0dlon of Run It 8ack ihat w35 cancelled due the pandemic and was resta8ed in 2021. Stage One Pr•£ramkne Stage one prograrnme trainee producers are attsched to an ovganisation for a year-long progrnmme of trairMn£ and development. Des18nated Minimum Re5ep The desi8nated minimum reserve of £103.(¥J is to cover the costs of salarie5 and overheads for J three mDnth period. Deslgned Artistic Aesef¥e The designated artistic reserve of £56.0(rf> isto cover any trXential overspend on prOdlon5 16. Anatysis of nèt asséts funds Analysis of net assets between funds- current year Unrtstrirted Restrl¢ted fund5 2022 Tgtal funds 2022 2022 Tangible fixed assets Current assets Creditors due within one year 2.635 477.378 171.6C61 2.635 512,378 171.6061 35.0 408.407 35.(0 443,407 Analysis ol net assets between funds- prioryear Unrestrftted Re5tritted fvnds funds 2021 1021 Total funds 2021 Tangible fixed asset5 Current a55etS Creditors due within orte year 5.511 422.249 114.2011 5,511 438,049 114,2011 15.8 413.5S9 15.800 429.359 Page 23
Talawa Theatre Company Limited NOTESTO THE ANANCIAi 5TATEMEMf5 For the year ended 31 Marth 2022 17. Anaws of (ash and ¢ash equivalents 2022 2021 Cash in hand 490,656 433,244 Total 490,656 433,244 18. Pert0 ¢ommitments The company operaies a defined contrib15 penyon scheme. The assets of the scheme are held separately from those of the company in an independently adminisiered fvnd. The pension cost charge represents contributions payable by the company to the fund and at the bajance sheet dale amount5 of £37912021.. £7641 were payable to the fund. which are inclurled in creditors. 19. Opor¥tiw l••M ¢ommitmts At 31 March 2022 the total of the company's [v n¥nimum lease payments under non-cancellable operaiinR leases was". 2011 1021 Amounts payable: Within l yeaT Between l and 5 years 41.2C 8,033 Toral 49,233 20. LiabltY of fflernbers The company Is limited by 8uarantee and the Imibdity of members is limited to £1 eath. At 31 March 2022 Ihere were 1212021." 111 mernbers. 21. Recon¢iliatlon ol¢voup net iome to net ¢aShfi trom operati31•t1es 2022 2021 Net irKome forthe reporting perir*J Inteve5t Income Oepreciation Ioecreasel I Increase in pmwsions Decrease / lincreasel in debtors IDecrea5el l increase in creditors 14.048 73.037 11811 2,543 2.876 116.9171 57.405 12,4091 112.9361 Net cash generateé from operations Page 24
Talawa Theatre Company Limited NOTE5 TO THE ANANCIAL STATEMENTS For the year ended 31 Marth 2022 21. Prioryearstaternent of FThn£ial ArtNittes Unrestrirted Restrirttd Funds Total 2021 Total 2020 Income frorn.. Donation5 & le8acies-. Arts Council En8land Gont John Ellerman Grant Without Walls Consortium City 8rid8e Trust funding Croydon'5 Youth Performante Partnerthip Talèwa Firsts Fundin8- Martin Bowley Trust Noel Coward Foundation Grant The DOYLY Carte Charitable Trust Gram Leche Trust Grant crtsyde Culture Relief Fund Grnnt Other donatior& and legacies 448.407 448,407 507.282 25.(X)O io.soo 12.SOO 5.000 5.5 s,500 s,c¥)o 3,10 2.500 S.300 6.037 3,1)JO 2,500 5.300 6.037 11,431 Charitable actiwties 1.767 2.767 32,497 Other trading attivities 53.921 53.921 3.518 Inve5tment5 181 181 777 Total Income S16.813 IS.8 532.613 608.505 Empenditwre on: Charitable actimties 1327.8571 1131.7191 1459.5761 1592.2751 Tot•1 ENpenditure 1327.8571 1131.7191 1459.5761 1592.2751 Net Income 115.919 73.037 16.230 rr4nsfers between funds Net mo¥ement In funds 188.956 1115.9191 73,037 16.230 Fund balances * 31st Mar¢h 2020 224.603 131.719 356,322 340,092 Fund balances at 315t March 2021 413.SS9 15,800 429,359 356,322 Page 25