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2022-02-28-accounts

- Kandinsky Theatre Company Trustees Annual Report and Accounts 1[st] March 2021 – 28[th] February 2022

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;

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

financial Review At the end of the financial period {28, February 20221 the charity held total fijnds of £8,200 including £593 in unrestricted fLsnds. The charity holds modest reseNes in order to be able to respond to short term cash needs durin8 activity. Attivity is budgeted and planned as per successful funding applications and venue contracts, and so reserve levels needed are low. The Charity doe5 llot have any significant overheads to budget for, and there are no ongoing financial commitments for overheads or staff costs that would require reseTves to be held in case of any decrease in artivity. tructure Governance and Mana ment Governing document: Memorandum & Articles of Association Charity Structure.. Company Limitsd by Guarantee & Registered Charity Trustee selection- The charity may by ordinary resolution appoint a person who is willing to att to be a director, and determine the rotation in which any dsrettors are to retire. Reference and Administrative Details Charity Name: Kandinsky Theatre Company Registered Charity Number= 1134756 Regittered Company Number= 7169361 Principal Address.. 4 Sansom Street. London, SE5 7RE • Trustees-. Michael Walling (Chairl appointed 1411212020 Roxan Kamali-sarvestani appointed 291312021 Sofia Stephanou, appointed 1411212020 Jemma Tabraham, appointed 1411212020 Lucy Williams, appointed 121912018 Signed on behalf of the Trustees by Michael Walling & Lucy Williams on: / a y

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 2022 ] (if any) Set out on pages 1 to 15 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 28/02/2022. 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:

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.

Signed:
Name:
Relevant professional
qualification(s) or body (if
any):
Address:		 21 September 2022
NICHOLAS ROGERS
FCCA
4 Fircliff Park
Portishead
N Somerset BS20 7HQ
Charity Name
KANDINSKY THEATRE COMPANY		 Charity Name
KANDINSKY THEATRE COMPANY		 CharityNo 1134756 1134756
CompanyNo 7169361
Annual accounts for the period
Period start date 01 Mar 2021 To Period end date 28 Feb 2022

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

Recommended categories by activity

Restricted Unrestricted income Endowment Prior year funds funds funds Total funds funds £ £ £ £ £

Income

Income and endowments from:

Total
Donations and legacies
Investments
Charitable activities
Fundraising Events
Organisational Development Grant
Other		 - - - - -
31,355 28,830 - 60,185 28,352
- - - - -
- - - - -
- - - - 590
- - - - -
31,355 28,830 - 60,185 28,942

Expenditure

Expenditure on:

Tax payable
Net gains/(losses) on investments
Extraordinary items
Other gains/(losses)
Reconciliation of
funds:
Gains and losses on revaluation of fixed assets for the charity’s own
use
Charitable activities
Administration and Overheads
Net movement in funds
Other recognised gains/(losses):
Net income/(expenditure) before tax for the
reporting period
Raising funds
Other
Total funds carried forward
Total
Net income/(expenditure) after tax before
investment gains/(losses)
Net income/(expenditure)
Transfers between funds
Total funds brought forward		 - - - - -
32,201 26,273 - 58,474 35,580
456 - - 456 1,058
- - - - -
32,657 26,273 - 58,930 36,638
(1,302) 2,557 - 1,255 (7,696)
- - - - -
(1,302) 2,557 - 1,255 (7,696)
- - - - -
(1,302) 2,557 - 1,255 (7,696)
- - - -
- - - - -
- - - - -
- - - - -
(1,302) 2,557 - 1,255 (7,696)
1,895 5,050 - 6,945 14,641
593 7,607 - 8,200 6,945

Page 1 of 15

Charity Name KANDINSKY THEATRE COMPANY Charty No 1134756 7169361 Section B Balance sheet Re8trlcted InGamÈ Unrpstrlc Enth)wment Tot81 th19 tunds year year Fixed assets Intsnglble assets Tanglble a$8ets Heritageassets Investments Current assets sto¢ks Debto (Plote61 Cash ai bank and ITh ttand (Note 71 Total cunYnt8s8ets 10.203 12,593 7,607 7,607 17,810 20,200 CredFtors: amountslamlng duowhhln one ygar (note 8 Net aSset￿liab￿ltltss) 593 8.2(X) 7,607 8.200 Cr8diÈors: 4mountsfalliTrg duattartsne Provlslons for Ilabillllès roll r￿t ¥ssetsorll8bHitles Funds of the Chaiity 593 82(Ktr Endowment funds Rstrfct8d In¢omefunds INots 9.11 Unfe5trirted funds 7,fK17 593 Revaluation rE5erve FwrYdluErnseF rot&l fvnds 7,607 rhe companywasentltled to Eyempthn fmm eudft Under￿7T01 the Companle5A¢t2006 vElatlng to smaN mponles The mwrtbévs h•ve not requlTrrf the companyto obt81ft an audltln a¢xonlanc8 wfth 476 ofthe CompaDi9sAct Tb• dljxtors a￿￿¥ledge forwfflp1￿.nY wlth therequiTrm8nts ofthe Gompanl8sAcl wlfh respxtlo4cwunllng thopw•atlon of¥Gcounts. TheseacGounts fvavebeen pr8par8din acCo￿all¢e wfth thoprovisitlns 8ppllcabletosmallcofflpanlessubfvd to the sm￿1 curttrpanl8s reoime 8nd in wlth FR$1￿2 SORP. Date of apprDYdl ddlMnV￿v by LTh ortvj ts) b*df cl al th8truste£$idY¥t￿S Pilrt Name MICFLAEL WALLING LUCY WLLIAMS 201912022 Slgnature SWure ddlm 201912022 Litcy WLLIAMS Pag•2of15

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 otherwise stated in the relevant note(s) to these accounts.

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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

• the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

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 15

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

Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
• it is more likely than not that the trustees will receive the resources;
• the monetary value can be measured with sufficient reliability.
In the case of performance related grants, income must only be recognised to the extent that
the charity has provided the specified goods or services as entitlement to the grant only
occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies
Legacies are included in the SOFA when receipt is probable, that is, when there has been
grant of probate, the executors have established that there are sufficient assets in the estate
and any conditions attached to the legacy are either within the control of the charity or have
been met.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
Contractual income and
performance related
t
This is only included in the SoFA once the charity has provided the related goods or services
or met the performance related conditions.
Donated goods
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
Government grants
The charity has received government grants in the reporting period
Tax reclaims on donations
and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any
Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as
an addition to the same fund as the initial donation unless the donor or the terms of the
appeal have specified otherwise.
Goods donated for on-going use by the charity are recognised as tangible fixed assets and
included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations when
receivable.
y
g
fair value of those gifts at the time of their receipt and they are recognised on receipt. In the
reporting period in which the stocks are distributed, they are recognised as an expense at the
carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income from
other trading activities' with the corresponding stock recognised in the balance sheet. On its
sale the value of stock is charged against 'Income from other trading activities' and the
proceeds from sale are also recognised as 'Income from other trading activities'.
Support costs
The charity has incurred expenditure on support costs.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in
the trustees’ annual report.
Donated services and
facilities
Donated services and facilities are included in the SOFA when received at the value of the gift
to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with
an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
Membership subscriptions which gives a member the right to buy services or other benefits are
recognised as income earned from the provision of goods and services as income from
charitable activities.
Settlement of insurance
claims
Insurance claims are only included in the SoFA when the general income recognition criteria
are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the
SoFA.
Investment gains and
losses
This includes any realised or unrealised gains or losses on the sale of investments and any
gain or loss resulting from revaluing investments to market value at the end of the year.
Income from interest,
royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can be
measured reliably.
Income from membership
subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations and
Legacies.		 Yes
No
N/a*		 Yes
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N/a*
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Page 4 of 15

2.2 EXPENDITURE AND LIABILITIES

Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Governance and support Support costs have been allocated between governance costs and other support. costs Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service conditions or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without Where there are no conditions attaching to the grant that enables the donor charity to performance conditions realistically avoid the commitment, a liability for the full funding obligation must be recognised. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material items of deferred income have been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial The charity accounts for basic financial instruments on initial recognition as per paragraph instruments 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. 2.3 ASSETS Tangible fixed assets for use by charity They are valued at cost. Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. They are valued at cost. Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16. They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments

Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net progress realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Current asset investments The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to They are valued at fair value except where they qualify as basic financial instruments.

Yes
No
N/a*		 Yes
No
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No
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No
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Page 5 of 15

Section C Notes to the accounts (cont)

Note 3 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:
TOTAL INCOME
Charitable
activities:
Separate
material item
of income
Other:
Income from
investments:
Other trading
activities:
Analysis of income
Donations
and legacies:		 Analysis of income Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total funds
Prior year
£
£
Donations andgifts - - - - -
Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities		 - - - - 590
FundraisingEvents - - - -
Donatedgoods,facilities and services - - - - -
Other - - - -
Total - - - - 590
Box Office Income(IncludingTax Relief) 31,355 - - 31,355 21,552
Project Specific Grant Income - 28,830 - 28,830 6,800
- - - - -
Other - - - - -
Total 31,355 28,830 - 60,185 28,352
- - - - -
- - - - -
- - - - -
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 - - - - -
31,355 28,830 - 60,185 28,942
All income in the prior year was unrestricted except for: (please
provide description and amounts)		 £590 being the balance of the ACE Organisational Development
funding & £6,800 being grants received towards Dinomania and
The Winston Machine.

Page 6 of 15

Section C Notes to the accounts (cont)

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 32,201 26,273 - 58,474 28,780 6,800 - 35,580
- - - - - - - -
- - - - - - - -
- - - - - - - -
Other
Total expenditure on charitable activities		 32,201 26,273 - 58,474 28,780 6,800 - 35,580
Administration & Overheads 456 - - 456 208 - - 208
Organisational Development - - - - - 850 - 850
- - - - - - - -
- - - - - - - -
Total other expenditure
TOTAL EXPENDITURE		 456 - - 456 208 850 - 1,058
32,657 26,273 - 58,930 28,988 7,650 - 36,638
Other information:
Analysis of expenditure on charitable activities
This year
This 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
£ £ £ £ £ £ £ £
Dinomania (762) - - (762) 3,146 - - 3,146
SHTF - - - - 20,116 - - 20,116
TheWinston Machine 52,584 - - 52,584 12,269 - - 12,269
TheWinston Machine: HeritageProject 2,223 - - 2,223 - - - -
SalamanderStreet book - - - - 49 - - 49
Context Collapse 4,428 - - 4,428 - - - -
Total 58,474 - - 58,474 35,580 - - 35,580

Other information:

Analysis of expenditure on charitable activities expenditure on charitable activities
This 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
£ £ £ £ £ £ £ £
Dinomania (762) - - (762) 3,146 - - 3,146
SHTF - - - - 20,116 - - 20,116
TheWinston Machine 52,584 - - 52,584 12,269 - - 12,269
TheWinston Machine: HeritageProject 2,223 - - 2,223 - - - -
Salamander Street book - - - - 49 - - 49
Context Collapse 4,428 - - 4,428 - - - -
Total 58,474 - - 58,474 35,580 - - 35,580

Page 7 of 15

Section C Notes to the accounts (cont)

Note 5 Details of certain types of expenditure

Fees for examination of the accounts

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

Page 8 of 15

Section C Notes to the accounts (cont)

Note 6 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

6.1 Analysis of debtors

6.1 Analysis of debtors
Total
Trade debtors
Prepayments and accrued income
Other debtors		 This year
£		 Last year
£
- -
2,390 -
- -
2,390 -

6.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)

Total
Trade debtors
Prepayments and accrued income
Other debtors		 This year
£		 Last year
£
- -
- -
- -
- -

Page 9 of 15

Section C Notes to the accounts (cont)

Note 7 Cash at bank and in hand
Cash at bank and on hand
Total
This year
£		 Last year
£
17,810 6,945
- -
17,810 6,945

Page 10 of 15

Section C Notes to the accounts (cont)

Note 8 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

8.1 Analysis of creditors

8.1 Analysis of creditors
Accruals for grants payable
Bank loans and overdrafts
Trade creditors
Payments received on account for contracts or
performance-related grants
Accruals and deferred income
Taxation and social security
Other creditors
Total		 Amounts falling due within
one year		 Amounts falling due after
more than one year
This year
£		 Last year
£		 This year
£		 Last year
£
- - - -
- - - -
- - - -
- - - -
12,000 - - -
- - - -
- - - -
12,000 - - -

8.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is
deferred.		 This year Last year
Fees received in advance
from Schauspielhaus
Vienna against activity
which occurred entirely
after the year end.
Movement in deferred income account
Balance at the start of the reporting period
Amounts added in current period
Amounts released to income from previous periods
Balance at the end of the reporting period		 This year
£		 Last year
£
- -
12,000 -
- -
12,000 -

Page 11 of 15

Section C Notes to the accounts (cont)

Note 9 Charity funds

9.1 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 - 28,830 (26,273) 5,050 - 7,607
Organisational Development R Organisational Development 5,050 - - (5,050) - -
General Fund U Unrestricted Reserves 1,895 31,355 (32,657) - - 593
- - - - - -
Other funds (balancing figure) N/a N/a - - - - - -
Total Funds as per balance sheet 6,945 60,185 (58,930) - - 8,200

Page 12 of 15

Section C Notes to the accounts (cont)

Note 9 Charity funds

9.2 Details of material funds held and movements during the PREVIOUS 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 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 13 of 15

Section C Notes to the accounts (cont)

Note 9 Charity funds (cont)

9.3 Transfers between funds

This year

Thisyear
9.3 Transfers between funds
Reason for transfer Amount
Between unrestricted and
restricted funds		 -
Between restricted Organisational
Development Fund and restricted
Production Fund		 Due to the Covid Pandemic disruption to the theatre indistry, and specifically to
the Company's planned production activity, ACE agreed to re-purpose the
balance from the Organisational Development Grant, for expenditure on
project R&D.		 5,050
Between endowment and
restricted funds		 -
Between endowment and
unrestricted funds		 -
5,050

Page 14 of 15

Section C Notes to the accounts (cont)

Note 10 Transactions with trustees and related parties

10.1 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

10.2 Trustees' expenses

No trustee expenses have been incurred

10.3 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 15 of 15