OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Kandinsky Theatre Company

2024-03-31-accounts

- Kandinsky Theatre Company Trustees Annual Report and Accounts 1[st] March 2023 – 31[st] March 2024

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

friendship and family were delivered obliquely which was refreshing. Many children were happy to see themselves being represented by the performers. It was a complete success… Please accept my utmost thanks, it was a real privilege to be the audience’ (Emmanuel Church of England Primary School)

Financial Review

At the end of the financial period (31[st] March 2024) the charity held £11,840 in unrestricted funds, which was a decrease on the previous year (£26,886). 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.

Structure, Governance and Management

Reference and Administrative Details

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 Julian Connerty, appointed 10/11/2022

Signed on behalf of the Trustees by Michael Walling & Lucy Williams on 10[th] October 2024

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[31][st][ March 2024 ] (if any) Set out on pages 1 to 11 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2024. 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:		 4 November 2024
NICHOLAS ROGERS
FCCA
4 Fircliff Park
Portishead
N Somerset BS20 7HQ
Charity Name
KANDINSKY THEATRE COMPANY		 Charity Name
KANDINSKY THEATRE COMPANY		 CharityNo 1134756
7169361		 1134756
7169361
CompanyNo
Annual accounts for the period
Period start date 01 Mar 2023 To Period end date 31 Mar 2024

Section A Statement of financial activities

Restricted Recommended categories by Unrestricted income Endowment Prior year activity funds funds funds Total funds funds £ £ £ £ £ Incoming resources (Note 3) F01 F02 F03 F04 F05 Income and endowments from: Donations and legacies - 715 - 715 1,085 Charitable activities 45,944 53,942 - 99,886 96,416 Other trading activities - - - - - Investments - - - - Total 45,944 54,657 - 100,601 97,501 ~~a~~ Resources expended (Note 6) Expenditure on: Raising funds - - - - - Charitable activities 60,975 52,937 - 113,912 78,374 Administration and Overheads 15 - - 15 441 Other - - - - - Total ~~a~~ 60,990 52,937 - 113,927 78,815 Net income/(expenditure) before investment - gains/(losses) (15,046) 1,720 (13,326) 18,686 Net gains/(losses) on investments - - - - - - Net income/(expenditure) (15,046) 1,720 (13,326) 18,686 - - - - - Extraordinary items Transfers between funds ~~=————~~ - - - - - Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the charity’s own use - - - - - Other gains/(losses) - - - - - Net movement in funds (15,046) 1,720 - (13,326) 18,686 Reconciliation of funds: Total funds brought forward 26,886 - - 26,886 8,200 Total funds carried forward ~~==~~ 11,840 1,720 - 13,560 26,886

Page 1 of 11

Charity NameKANDINSKY THEATRE COMPANY Charity NameKANDINSKY THEATRE COMPANY CharityNo 1134756
7169361		 1134756
7169361
CompanyNo
Annual accounts for the period
Period start date 01 Mar 2023 To Period end date 31 Mar 2024

Section B Balance sheet

Fixed assets
Intangible assets
Tangible assets
Heritage assets
Investments
Total fixed assets
Current assets
Stocks
Debtors
Investments
Cash at bank and in hand (Note 7)
Total current assets
Creditors: amounts falling due within one
year
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
Unrestricted funds
Revaluation reserve
Total funds		 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
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
11,840 1,720 - 13,560 26,886
11,840 1,720 - 13,560 26,886
- - - - -
11,840 1,720 - 13,560 26,886
11,840 1,720 - 13,560 26,886
- - - - -
- - - - -
11,840 1,720 - 13,560 26,886
- - -
1,720 - 1,720 -
11,840 11,840 26,886
-
11,840 1,720 - 13,560 26,886

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 two trustees on behalf of all the trustees

Signature Print Name Date of
approval
dd/mm/yyyy
Michael Walling 10/10/24
Lucy Williams 10/10/24

Page 2 of 11

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

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 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 the accounting policies adopted are those outlined in note 2

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP)

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP)

Page 3 of 11

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
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
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.
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
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.
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).
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*
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
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 4 of 11

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Donations andgifts
Gift Aid
Legacies
General grants provided by government/other
charities
Membership subscriptions and sponsorships
which are in substance donations
Donatedgoods,facilities and services
Other
Total
Box Office Income (Including Tax 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
Analysis
Donations
and legacies:
Charitable
activities:
TOTAL INCOME
Other:
Other trading
activities:
Income from
investments:
Separate
material item
of income:		 Analysis 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
 - 715 - 715 1,085
Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities		 - - - - -
Membership subscriptions and sponsorships
which are in substance donations		 - - - -
Donatedgoods,facilities and services - - - - -
Other - - - -
Total - 715 - 715 1,085
Box Office Income (Including Tax Relief) 45,794 - - 45,794 53,866
Project Specific Grant Income - 53,942 - 53,942 42,500
- - - - -
Other 150 - - 150 50
Total 45,944 53,942 - 99,886 96,416
- - - - -
- - - - -
- - - - -
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 - - - - -
45,944 54,657 - 100,601 97,501

Page 5 of 11

Section C Notes to the accounts (cont)

Note 4 Analysis of expenditure

Analysis
Expenditure on raising funds:
 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
£

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

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

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

This year		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
£
Last year		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
£
Last year		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
£
Last year		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
£
Last year
Staging fundraising events - - - - -
Expenditure on charitable activities:
Total expenditure on raising funds
 - - - - - - - -
Production Costs including professional
fees		 60,975 52,937 - 113,912 27,182 51,192 - 78,374
Total expenditure on charitable activities
Other		 60,975 52,937 - 113,912 27,182 51,192 - 78,374
Administration & Overheads 15 - - 15 441 - - 441
TOTAL EXPENDITURE
Total other expenditure		 15 - - 15 441 - - 441
60,990 52,937 - 113,927 27,623 51,192 - 78,815

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
£ £ £ £ £ £ £ £
SHTF - - - - 37,534 - - 37,534
The Winston Machine 33,479 - - 33,479 30,029 - - 30,029
Meatsacks (working title) 40,883 - - 40,883 4,800 - - 4,800
The Other Way Home 30,150 - - 30,150 6,011 - - 6,011
Mrs Caliban 9,400 - - 9,400
-		 - - -
Total 113,912 - - 113,912 78,374 - - 78,374

Page 6 of 11

Section C Notes to the accounts

Note 5 Details of certain items of expenditure

Fees for examination of the accounts

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

Page 7 of 11

Section C Notes to the accounts (cont)

Note 6 Cash at bank and in hand

Cash at bank and on hand

Total

This year
£		 Last year
£
13,560 26,886
- -
13,560 26,886

Page 8 of 11

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'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

Fund names Fund Type Purpose and Restrictions Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Gains and
losses
£		 Fund
balances
carried
forward
£
Production Fund Restricted
 Direct Production Expenditure
 - 54,657 (52,937) - - 1,720
General Fund Unrestricted Unrestricted Reserves 26,886 45,944 (60,990) - - 11,840
- - - - - -
Total Funds 26,886 100,601 (113,927) - - 13,560

Page 9 of 11

Section C Notes to the accounts (cont)

Note 7 Charity funds (cont)

7.2 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'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

Fund names Fund Type Purpose and Restrictions Fund
balances
brought
forward
£		 Income
£		 Expenditure
£		 Transfers
£		 Gains and
losses
£		 Fund
balances
carried
forward
£
Production Fund Restricted
 Direct Production Expenditure
 £ 7,607 £ 43,585 £(51,192) £ - £ - £ -
General Fund Unrestricted Unrestricted Reserves £ 593 £ 53,916 £(27,623) £ - £ - £ 26,886
£- £- £- £- £- £-
Total Funds £ 8,200 £ 97,501 £(78,815) £ - £ - £ 26,886

Page 10 of 11

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 11 of 11