2023-02-28-accounts - Kandinsky Theatre Company

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- Kandinsky Theatre Company Trustees Annual Report and Accounts 1[st] March 2022 – 28[th] February 2023

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;

SHTF . Some of the income for this show was received in the previous financial year and deferred to this year’s accounts. We travelled to Vienna to make this show at the Schauspielhaus Wien, with rehearsals running from late February 2023 until the show opened in April 2023. It ran for three weeks. We are still exploring opportunities to redevelop the show for UK audiences.
The Other Way Home: development workshops . We developed this show for 7-11-year-olds via a year of collaborative workshops, which we delivered in five Camden primary schools and one community setting. These workshops ran intermittently throughout the year alongside other writing and development time, and fed directly into the development of the show ahead of a summer 2023 run.
Intervention 01 R&D. In October 2022, we were one of the companies chosen by New Diorama Theatre for their Intervention 01 programme, in which the theatre ceased public programming for one season to support companies to develop bold and radical new work. We undertook a twoweek workshop exploring future bodies and transhumanism.
The Winston Machine UK tour. The show originally ran at New Diorama Theatre London from JanFeb 2022, then at the North Wall in Oxford for two nights. Following this, we received extensive interest from regional venues, and began working towards Kandinsky’s first major UK tour. We went into rehearsals in the first week of February 2023. Ultimately, the show went on to tour for five weeks in spring 2023.

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

SHTF . This was Kandinsky’s first major commission from an international venue, and it was a genuine international collaboration: a production made in both English and German, which blended the standing ensemble at the 300-seat Schauspielhaus Wien with two UK theatre performers. The design, too, was created by a blended company of in-house and UK theatre artists. The collaboration was a huge success, with good reviews from Wiener Zeitung and Ö1, and one member of the ensemble was nominated for a prestigious Nestroy Award, for the “Best Performance in a Supporting Role”.
Intervention 01 R&D. This two-week R&D with a company of performers and a musician concluded with a closed sharing for invited guests. The workshop time unlocked a promising new project idea, while the sharing has allowed us to access brand new regional partners, new funders and begin to build towards what we hope will eventually be a major new tour for Kandinsky, reaching UK-wide audiences.
The Winston Machine UK tour. The tour sits across both this and the following financial year. After three re-rehearsal weeks, with returning creatives alongside new company members, we were able to deliver Kandinsky’s first major UK tour, visiting seven venues across five weeks, in Devon, North Yorkshire, Cumbria, Kent, Bristol, Merseyside and Enfield. This was an ambitious tour, with the show expanding from studios to fill main houses in the Lake District and Scarborough. It sold at between 54 & 78% across its run, well above the industry-wide average of

40% for that period, which was riven by instability, economic insecurity and strikes. We also delivered wraparound activity: workshops with school-age & FE students in multiple venues, a post-show talk, and a captioned performance for D/deaf, deafened & hard of hearing patrons. Where the show was not sold out, we worked with venues to arrange free tickets for the theatres’ engaged participants, which included local artists, youth theatres, young people and the lowwaged, all of whom would not otherwise have been able to see the show. The show received new positive reviews (including * North West End) and excellent feedback from workshops and audiences.

Financial Review

At the end of the financial period (28[th] February 2023) the charity held £26,886 in unrestricted funds (2022: £593). The charity holds modest reserves to be able to respond to short term cashflow 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.

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.

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 Julian Connerty, appointed 10/11/2022 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

Signed on behalf of the Trustees by Michael Walling & Lucy Williams on 19[th] September 2023

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 2023 ] (if any) Set out on pages 1 to 14 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 28/02/2023. 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.

Date: 17 November 2023 Signed:

Name: NICHOLAS ROGERS

Relevant professional FCCA qualification(s) or body (if any): Address: 4 Fircliff Park Portishead N Somerset BS20 7HQ

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Charity Name Charity No 1134756
KANDINSKY THEATRE COMPANY Company No 7169361
Annual accounts for the period
Period start date To
01 Mar 2022 Period end date 28 Feb 2023
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Section A Statement of financial activities (including summary income and expenditure account)

expenditure account)
Expenditure Expenditure on: Tax payable Net gains/(losses) on investments Extraordinary items Other gains/(losses) *Reconciliation of funds:* *Total funds carried forward* *Total* Net income/(expenditure) after tax before investment gains/(losses) Net income/(expenditure) Transfers between funds Total funds brought forward 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* Recommended categories by activity Income Income and endowments from: Donations and legacies Investments Charitable activities Fundraising Events Other	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03 - 1,085 - 53,916 42,500 - - - - - - - - - -	Total funds Prior year funds £ £ F04 F05 1,085 - 96,416 60,185 - - - - - -
	53,916 43,585 - - - - 27,182 51,192 - 441 - - - - - 27,623 51,192 - 26,293 (7,607) - - - - 26,293 (7,607) - - - - 26,293 (7,607) - - - - - - - - - - - - - 26,293 (7,607) - 593 7,607 - 26,886 - -	97,501 60,185 - - 78,374 58,474 441 456 - - 78,815 58,930 18,686 1,255 - - 18,686 1,255 - - 18,686 1,255 - - - - - - - 18,686 1,255 8,200 6,945 26,886 8,200

Page 1 of 14

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Charity Name Charity No 1134756
KANDINSKY THEATRE COMPANY Company No 7169361
Annual accounts for the period
Period
start To
date 01 Mar 2022 Period end date 28 Feb 2023
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Section B Balance sheet

Fixed assets Intangible assets Tangible assets Heritage assets Investments *Total fixed assets* Current assets Stocks Debtors (Note 6) Investments Cash at bank and in hand (Note 7) *Total current assets* Creditors: amounts falling due within one year (note 8) *Net current assets/(liabilities)* *Total assets less current liabilities* Creditors: amounts falling due after one year Provisions for liabilities *Total net assets or liabilities* Funds of the Charity Endowment funds Restricted income funds (Note 9.1) Unrestricted funds Revaluation reserve Fair value reserve *Total funds*	Unrestricted funds £	Restricted income funds £	Endowment funds Total this year £ £	Total last year £
	F01 - - - - - - - 26,886 26,886 26,886 26,886 - - 26,886 26,886 26,886	F02 - - - - - - - - - - - - - - - - -	F03 F04 - - - - - - - - - - - - - - - - - 26,886 - 26,886 - - - 26,886 - 26,886 - - - - - 26,886 - - 26,886 - - 26,886	F05 - - - - - - 2,390 - 17,810 20,200 12,000 8,200 8,200 - - 8,200 - 7,607 593 8,200

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	Date Date MICHAEL WALLING Print Name LUCY WILLIAMS Signature LUCY WILLIAMS 19 Sept 23 19 Sept 23 19 Sept 23

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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 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

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).

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Section C Notes to the accounts (cont)

Recognition of income
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.
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.
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'.
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.
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).
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
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.

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a

Yes
No
N/a


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2.2 EXPENDITURE AND LIABILITIES

Grants with performance
conditions
2.3 ASSETS
They are valued at fair value except where they qualify as basic financial instruments.
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
t h
t t
h
it
t
th
f ll d
Stocks and work in
progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
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.
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
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.
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.
Basic financial
instruments
The charity accounts for basic financial instruments on initial recognition as per paragraph
10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19,
FRS102 SORP.
Tangible fixed assets for
use by charity
They are valued at cost.
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
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.
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.
Where the charity gives a grant with conditions for its payment being a specific level of
service 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
performance conditions
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
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
costs
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.

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Section C Notes to the accounts (cont)

Note 3 Income

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Unrestricted Restricted Endowment
Analysis of income funds income funds funds Total funds Prior year
£ £
Donations and Donations and gifts - 1,085 - 1,085 -
legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Fundraising Events - - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total - 1,085 - 1,085 -
Charitable Box Office Income (Including Tax Relief) 53,866 - - 53,866 21,552
activities: Project Specific Grant Income - 42,500 - 42,500 6,800
- - - - -
Other 50 - - 50 -
Total 53,916 42,500 - 96,416 28,352
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income - - - - -
- - - - -
Total - - - - -
Other: 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
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 53,916 43,585 - 97,501 28,352
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Section C Notes to the accounts (cont)

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Note 4 Expenditure
This year Last year
Unrestricted Restricted Endowment Unrestricted Restricted Endowment
Analysis funds income funds funds Total funds funds income funds funds Total funds
Expenditure on raising funds: £ £
Staging fundraising events - - - - - - - -
- - - - - - - -
Total expenditure on raising funds - - - - - - - -
Expenditure on charitable activities:
Production Costs including professional fees
27,182 51,192 - 78,374 32,201 26,273 - 58,474
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total expenditure on charitable activities
27,182 51,192 - 78,374 32,201 26,273 - 58,474
Other
Administration & Overheads 441 - - 441 456 - - 456
Organisational Development - - - - - - -
- - - - - - - -
- - - - - - - -
Total other expenditure 441 - - 441 456 - - 456
TOTAL EXPENDITURE 27,623 51,192 - 78,815 32,657 26,273 - 58,930
Other information:
Analysis of expenditure on charitable activities
This year Last year
Activities Grant Activities Grant
Support Total this Total last
Activity or programme undertaken funding of undertaken funding of Support Costs
Costs year year
directly activities directly activities
£ £ £ £ £ £ £ £
Dinomania - - - - 761 - - - 761
SHTF 37,534 - - 37,534 - - -
The Winston Machine 30,029 - - 30,029 52,584 - - 52,584
The Winston Machine: Heritage Project - - - 2,223 - - 2,223
Meatsacks (working title) 4,800 - - 4,800 - - -
Context Collapse - - - 4,428 - - 4,428
The Other Way Home 6,011 6,011
Total 78,374 - - 78,374 58,474 - - 58,474
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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 £ £ - - - - - - - -

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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

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 14

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 £ £
26,886 17,810
- -
26,886 17,810

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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	This year Last year £ £ - - - - - - - - - - - - Amounts falling due within one year	This year Last year £ £ - - - - - - - - - - - - Amounts falling due after more than one year
Other creditors - - Total - - 8.2 Deferred income *Please explain the reasons why income is deferred.* *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 *Please complete this note if the charity has deferred income.* This year		- - - - This year Last year £ £ 12,000 - - 12,000 - 12,000 - - 12,000 Last year *Fees received in advance* *from Schauspielhaus Vienna* *against activity which* *occurred entirely after the* *year end.*

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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 income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund balances Fund balances
Type PE, EE R Purpose and Restrictions brought Gains and carried
or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Production Fund R Direct Production Expenditure 7,607 43,585 (51,192) - - -
Organisational Development R Organisational Development - - - - - -
General Fund U Unrestricted Reserves 593 53,916 (27,623) - - 26,886
- - - - - -
Other funds (balancing figure) N/a N/a - - - - - -
Total Funds as per balance sheet 8,200 97,501 (78,815) - - 26,886
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Page 12 of 14

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

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

----- Start of picture text -----
Fund balances Fund balances
Type PE, EE R Purpose and Restrictions brought Gains and carried
or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
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
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Page 13 of 14

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

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