2021-02-28-accounts - Kandinsky Theatre Company

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Kandinsky Theatre Company Trustees Annual Report and Accounts 1[st] March 2020 – 28[th] February 2021

Objectives and Activities

The purpose of the charity as set out in its governing document is to advance education for the public benefit by the promotion of the arts, in particular, but not exclusively, the art of drama.

The main activities in relation to that purpose for the public benefit, were;

March 2020: Dinomania. Work was ongoing at the beginning of the financial year to transfer this critically acclaimed 2019 show Off-Broadway to 59E59 Theater in New York in June 2020, as part of a season of New Diorama-commissioned work in NY. The transfer was sadly cancelled in March 2020 due to COVID-19. Some expenditure has yet to be recouped but was taken from the company’s unrestricted reserves. Some of the funds raised for this project were re-routed into the development of new work, as agreed with funders.
Summer 2020: Development of new work . The company developed a policy for sociallydistanced working and undertook initial socially distanced R&D work to develop new ideas, part of the agreed usage of funding that had originally been intended to support the Dinomania transfer. This project also allowed us to support freelancers at a time of widespread crossindustry insecurity caused by the pandemic. The main idea emerging from this time was for The Winston Machine.
Autumn 2020: The Winston Machine R&D began with support from Arts Council England. The focus of this time was on a) sharing the outcomes of summer R&D with creatives who, for social distancing reasons, had been unable to be with us in the room, b) exploring remote creative working as a process, and c) creating a document communicating the show which could be shared with programmers and creatives - part of a wider company initiative on how to communicate devised theatre.
Winter 2020: SHTF , a commission for a new show from Schauspielhaus Wien in Austria was due to premiere in February 2021 but was postponed to 2022 due to the ongoing pandemic. R&D took place digitally across the UK and Austria in December 2020, with UK creatives working together in a socially distanced rehearsal room. Fees for all UK creatives, as well as the cancellation fee in January 2021, were paid to UK creatives via Kandinsky and can be seen in these accounts.

The Trustees have had regard to the guidance issued by the Charity Commission on public benefit and monitor the Charity’s activities and planned programme against its charitable purposes.

Achievements and Performance

Kandinsky had two planned performances affected by the COVID-19 pandemic:

Dinomania NYC . As a result of the show’s critical acclaim, it was programmed to transfer to 59E59 New York in June 2020. Sadly this was cancelled due to COVID-19, though some expenditure had already taken place at that point. There are some recouped costs for this reflected in these accounts, mainly flight refunds from air travel companies.
SHTF Vienna , originally programmed for January 2021. This has been postponed to spring 2022 because of the UK landing ban which was in place during the planned rehearsal period.

However, the company:

Was supported by Arts Council England to undertake a period of organisational development, including Board recruitment. Some of the funds for this can be seen in the previous year’s accounts, but – owing to delays caused by the pandemic – this took place in autumn 2020, with

our fully refreshed board in place by early 2021. This has strengthened Kandinsky’s infrastructure, ensuring we are well-placed to meet the demands facing the theatre sector over the coming years and in this period of ongoing disruption.

Was supported to research and develop SHTF across the UK and Austria.
Was supported to conduct research and development into new project The Winston Machine, which has since been programmed by New Diorama Theatre London for early 2022.
Published its work for the first time, with two previous shows published collectively by Salamander Street as Trap Street & Dinomania: Two Plays by Kandinsky .

Financial Review

At the end of the financial period (28[th] February 2021) the charity held £1,895 in unrestricted funds, which was a decrease on the previous year (£9,331) and an additional fund of £5,050 restricted to Organisational Development. The charity holds modest reserves in order to be able to respond to short term cash needs during activity. Activity is budgeted and planned as per successful funding applications and venue contracts, and so reserve levels needed are low. The Charity does not have any significant overheads to budget for, and there are no ongoing financial commitments for overheads or staff costs that would require reserves to be held in case of any decrease in activity. Whilst the unrestricted reserves figure is relatively low at the year-end point in these accounts, activity during the subsequent financial period has re-inflated the unrestricted reserves (£7,255 as at end Sept 2021) and having reviewed future plans and the possible effects of further disruption due to Covid-19, the Trustees are satisfied that the company holds sufficient cash reserves to meet ongoing activity.

Structure, Governance and Management

Governing document: Memorandum & Articles of Association
Charity Structure: Company Limited by Guarantee & Registered Charity
Trustee selection: The charity may by ordinary resolution appoint a person who is willing to act to be a director, and determine the rotation in which any directors are to retire.

The newly appointed Chair and Trustees would like to formally express their gratitude for the many years of service on the board to date by the outgoing Trustees; Gordon Bennett, Judith Dimant and Poppy Keeling.

Reference and Administrative Details

Charity Name: Kandinsky Theatre Company
Registered Charity Number: 1134756
Registered Company Number: 7169361
Principal Address: 4 Sansom Street, London, SE5 7RE
Trustees: Michael Walling (Chair) appointed 14/12/2020 Roxan Kamali-Sarvestani appointed 29/3/2021 Sofia Stephanou, appointed 14/12/2020 Jemma Tabraham, appointed 14/12/2020 Lucy Williams, appointed 12/9/2018 Gordon Bennett appointed 12/03/2011, resigned 13/09/2021 Judith Dimant MBE Appointed 12/03/2011 resigned 14/12/2020 Poppy Keeling, appointed 01/09/2014, resigned 14/12/2020

Signed on behalf of the Trustees by Michael Walling & Lucy Williams on 22[nd] November 2021

Independent Examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name KANDINSKY THEATRE COMPANY members of On accounts for the year Charity no 1134756 ended[28][th][ February 2021 ] (if any) Set out on pages 1 to 12 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 28/02/2021. Responsibilities and basis of As the charity's trustees, you are responsible for the preparation of the accounts in report accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's I have completed my examination. I confirm that no material matters have come to statement my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Please delete the words in the brackets if they do not apply.

Signed: Date: 22[nd] November 2021 Name: NICHOLAS ROGERS Relevant professional FCCA qualification(s) or body (if any): Address: 4 Fircliff Park Portishead N Somerset BS20 7HQ

Charity Name KANDINSKY THEATRE COMPANY	Charity Name KANDINSKY THEATRE COMPANY	CharityNo	1134756	1134756
		CompanyNo	7169361
Annualaccountsforthe period
Period start date	01 Mar 2020	To	Period end date	28 Feb 2021

Section A Statement of financial activities (including summary income and expenditure account)

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
-	-	-	-	-
21,552	6,800	-	28,352	27,612
-	-	-	-	210
-	-	-	-	-
-	590	-	590	-
-	-	-	-	-
21,552	7,390	-	28,942	27,822

-	-	-	-	-
28,780	6,800	-	35,580	26,564
208	850		1,058	327
-	-	-	-	-
28,988	7,650	-	36,638	26,891

(7,436)	(260)	-	(7,696)	931
-	-	-	-	-
(7,436)	(260)	-	(7,696)	931
-	-	-	-	-
(7,436)	(260)	-	(7,696)	931
-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
(7,436)	(260)	-	(7,696)	931

9,331	5,310	-	14,641	13,710
1,895	5,050	-	6,945	14,641

Page 1 of 12

	Charity Name KANDINSKY THEATRE COMPANY	CharityNo	1134756
		Company No	7169361
Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	1,500
-	-	-	-	-
1,895	5,050	-	6,945	13,141
1,895	5,050	-	6,945	14,641

-	-	-	-	-

1,895	5,050	-	6,945	14,641

1,895	5,050	-	6,945	14,641

-	-	-	-	-
-	-	-	-	-

1,895	5,050	-	6,945	14,641

			-	-
	5,050		5,050	5,310
1,895			1,895	9,331
			-

1,895	5,050	-	6,945	14,641

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signed by one or two trustees/directors on behalf of all the trustees/directors Signature of director authenticating accounts being sent to Companies House	Print Name	Date of approval dd/mm/yyyy

	MICHAEL WALLING	22 Nov 2021

	LUCY WILLIAMS	22 Nov 2021

	Signature	Date dd/mm/yyyy

	LUCY WILLIAMS	22 Nov 2021

Page 2 of 12

Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going concern;

Disclosure of any uncertainties that make the going concern assumption doubtful;

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

Not applicable Not applicable Not applicable

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 2.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).

Page 3 of 12

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those indicated "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

2.1 INCOME

Yes No N/a*	Yes No N/a*	Yes No N/a*
ü
Yes No N/a*
ü
Yes No N/a*
ü
Yes No N/a*
ü
Yes No N/a*
		ü
Yes No N/a*
	ü
Yes No N/a*
ü
Yes No N/a*
ü
Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü

Page 4 of 12

2.2 EXPENDITURE AND LIABILITIES

Yes No N/a*	Yes No N/a*	Yes No N/a*
ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
ü
Yes No N/a*
	ü
Yes No N/a*
ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
	ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
		ü
Yes No N/a*
ü
Yes No N/a*
	ü
Yes No N/a*
		ü

Page 5 of 12

Section C Notes to the accounts (cont)

Note 3 Income

Note 3 Income	Income
Donations andgifts Gift Aid Legacies General grants provided by government/other charities FundraisingEvents Donatedgoods,facilities and services Other Total Box Office Income(IncludingTax Relief) Project Specific Grant Income Other Total Other Total Interest income Dividend income Rental and leasingincome Other Total Total Conversion of endowment funds into income Gain on disposal of a tangible fixed asset held for charity's own use Gain on disposal of a programme related investment Royalties from the exploitation of intellectual propertyrights Other Total Other information: Charitable activities: Separate material item of income Other: Income from investments: Other trading activities: Analysis of income Donations and legacies: TOTAL INCOME	Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £
	Donations andgifts	-	-	-	-	-
	Gift Aid	-	-	-	-	-
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	590	-	590	5,310
	FundraisingEvents	-	-	-	-	210
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-
	Total	-	590	-	590	5,520

	Box Office Income(IncludingTax Relief)	21,552	-	-	21,552	20,802
	Project Specific Grant Income	-	6,800	-	6,800	1,500
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	21,552	6,800	-	28,352	22,302

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-
	Interest income	-	-	-	-	-
	Dividend income	-	-	-	-	-
	Rental and leasingincome	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		21,552	7,390	-	28,942	27,822

All income in the prior year was unrestricted except for: (please provide description and amounts)		£5,310 Grant from The Arts Council for Organisational Development, and £1,500 Grant from The Arts Council to support Dinomania production.

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)		£6,300 Grant from The Arts Council for R&D on The Winston Machine

Page 6 of 12

Section C Notes to the accounts (cont)

Note 4 Expenditure

Note 4 Expenditure
Analysis Expenditure on raising funds:	This year				Last year
	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £
Staging fundraising events	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on raising funds Expenditure on charitable activities:	-	-	-	-	-	-	-	-

Production Costs including professional fees	28,780	6,800	-	35,580	25,064	1,500	-	26,564
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on charitable activities	28,780	6,800	-	35,580	25,064	1,500	-	26,564
Separate material item of expense
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total	-	-	-	-	-	-	-	-
Other
Administration & Overheads	208	-	-	208	327	-	-	327
Organisational Development	-	850	-	850	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	208	850	-	1,058	327	-	-	327
	28,988	7,650	-	36,638	25,391	1,500	-	26,891
Other information:

Analysis of expenditure on charitable activities

	This year	This year	This year	This year	Last year	Last year	Last year	Last year
Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Activities undertaken directly	Grant funding of activities	Support Costs	Total last year
	£	£	£	£	£	£	£	£
Trap Street	-	-	-	-	7,549	-	-	7,549
Dinomania	3,146	-	-	3,146	19,015	-	-	19,015
SHTF	20,116	-	-	20,116	-	-	-	-
TheWinston Machine	12,269	-	-	12,269	-	-	-	-
SalamanderStreet book	49	-	-	49	-	-	-	-
Total	35,580	-	-	35,580	26,564	-	-	26,564

Page 7 of 12

Section C Notes to the accounts (cont)

Note 5 Details of certain types of expenditure

Fees for examination of the accounts

Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than independent examination	This year £	Last year £
	-	-
	-	-
	-	-
	-	-

Page 8 of 12

Section C Notes to the accounts (cont)

Note 6 Cash at bank and in hand

Note 6 Cash at bank and in hand
Cash at bank and on hand Total	This year £	Last year £
	6,945	13,141
	-	-
	6,945	13,141

Page 9 of 12

Section C Notes to the accounts (cont)

Note 7 Charity funds

7.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted	* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted	* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted	*income funds, including special trusts, of the charity; and U - unrestricted funds*	*income funds, including special trusts, of the charity; and U - unrestricted funds*	*income funds, including special trusts, of the charity; and U - unrestricted funds*	*income funds, including special trusts, of the charity; and U - unrestricted funds*	*income funds, including special trusts, of the charity; and U - unrestricted funds*	*income funds, including special trusts, of the charity; and U - unrestricted funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
Production Fund	R	Direct Production Expenditure	-	6,800	(6,800)	-	-	-
Organisational Development	R	Organisational Development	5,310	590	(850)	-	-	5,050
General Fund	U	Unrestricted Reserves	9,331	21,552	(28,988)	-	-	1,895
			-	-	-	-	-	-
*Other funds (balancing figure)*	N/a	N/a	-	-	-	-	-	-
Total Funds as per balance sheet			14,641	28,942	(36,638)	-	-	6,945

Page 10 of 12

Section C Notes to the accounts (cont)

Note 7 Charity funds

7.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
Production Fund	R	Direct Production Expenditure	-	1,500	(1,500)	-	-	-
Organisational Development	R	Organisational Development	-	5,310	-	-	-	5,310
General Fund	U	Unrestricted Reserves	13,710	21,012	(25,391)	-	-	9,331
			-	-	-	-	-	-
*Other funds (balancing figure)*	N/a	N/a	-	-	-	-	-	-
Total Funds as per balance sheet			13,710	27,822	(26,891)	-	-	14,641

Page 11 of 12

Section C Notes to the accounts (cont)

Note 8 Transactions with trustees and related parties

8.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

8.2 Trustees' expenses

No trustee expenses have been incurred

8.3 Transaction(s) with related parties

This year

There have been no related party transactions in the reporting period

Last year

There were no related party transactions in the reporting period

Page 12 of 12