2025-03-31-accounts - Kandinsky Theatre Company

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- Kandinsky Theatre Company Trustees Annual Report and Accounts 1[st] April 2024 – 31[st] March 2025

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;

More Life , previously known as ‘Future Bodies R&D’ or ‘Meatsacks’. Following a successful sharing at the end of the Future Bodies R&D in autumn 2023, the Royal Court invited us to conduct further R&D in early autumn 2024. The show was then programmed by the Royal Court to run at the Jerwood Theatre Upstairs in early 2025.
Schools Show R&D. In autumn 2024, we conducted an ambitious period of research and development on a new show about schools, working alternately in rehearsal rooms with artistic collaborators, and in school and community settings across the UK.

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

More Life. In the previous trustees’ report, we detailed our autumn 2023 Future Bodies R&D, in which we had engaged 200+ participants across the UK, in London, Devon, Bath, Liverpool and Scarborough, and conducted extensive rehearsal room workshops with professional creatives and performers, concluding with a sharing for around 30 industry professionals via NT Generate. We also noted that the project would now be further developed with the Royal Court Theatre. This took the form of a two-week workshop in early autumn 2024, working with a company of performers who were mainly new to the company, including Jack Humphrey and Danny Webb. Following this workshop, the show was programmed by the Royal Court Theatre to open at the Jerwood Upstairs Theatre in early 2025. Rehearsals started in January 2025. The creative team included Kandinsky’s core team, James Yeatman and Lauren Mooney, as well as designer Shankho Chaudhuri, composer Zac Gvirtzman and vocal arranger Osnat Schmool. The cast were Marc Elliott, Alison Halstead, Lewis Mackinnon, Tim McMullan, Danusia Samal and Helen Schlesinger. The show sold out before press night and received critical acclaim, including
★★★★ “A smartly composed exploration of greed, loss and the loneliness of eternity, More Life is an incredibly human play about technology” Guardian and ★★★★ “Shankho Chaudhuri’s design is beautiful” Whatsonstage. We are now exploring options for a future life for the show.
Schools Show R&D was a multi-week, multi-region research and development project, building on the structure of our Future Bodies R&D in 2023. This ACE-funded project involved moving between workshop delivery with participant groups – teenagers variously in secondary schools, FE colleges and youth theatre settings, in Northampton, Bath, Scarborough, Leeds and London – and work in rehearsal rooms with professional actors, culminating in a blended week with both professional and non-professional actors, supported and hosted by Royal & Derngate Northampton. The object was to explore the value and function of education in the modern UK: in deprived communities, does school exist to prepare children for the workforce, to make them socially mobile, or for something else? We also conducted extensive research with teachers, policy-makers, education experts and experts by experience on social mobility and class.

Financial Review

At the end of the financial period (31[st] March 2025) the charity held £14,552 in unrestricted funds; a slight decrease on the previous year, but still more than sufficient given Kandinsky’s low fixed outgoings. Activity is budgeted and planned as per successful funding applications and venue

contracts, 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 greater 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 Velin Messalski, appointed 24/09/2025 Jemma Tabraham, appointed 14/12/2020 Rishi Trikha, appointed 04/06/2025

Signed on behalf of the Trustees by

Michael Walling:

Velin Messalski:

on 25 September 2025

…………………………………… ……………………………………

Independent examiner's report on the accounts

Section A Independent Examiner’s Report Report to the trustees Charity Name KANDINSKY THEATRE COMPANY ~~oo~~ On accounts for the year 31[st ] March 2025 Charity no 1134756 ended ~~po~~ Set out on pages 1 to 14 ~~po~~ 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 As the charity's trustees, you are responsible for the preparation of the basis of report accounts in 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 I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination (other than that disclosed below *) 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.

Date: 25 Sept 2025

Signed: Date: 25 Sept 2025 Name: NICHOLAS ROGERS ~~a~~ Relevant professional FCCA qualification(s) or body: ~~oo~~ Address: 4 Fircliff Park Portishead N Somerset BS20 7HQ ~~oo~~

Oct 2018

IER

Kandinsky Theatre Company	Kandinsky Theatre Company	CharityNo	1134756	1134756
		CompanyNo	7169361
Annualaccountsforthe period
Period start date	01-Mar-24	To	Period end date	31-Mar-25

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

Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Total funds Prior year funds £ £ F04 F05	Total funds Prior year funds £ £ F04 F05
-	-	-	-	715
38280	22325	-	60 605	99 886
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
38 280	22 325	-	60 605	100 601

-	-	-	-	-
81	56 578	-	56 659	113 912
-	-	-		15
2 927	27	-	2 954	-
3 008	56 605	-	59 613	113 927

35 272	34 280 -	-	992	13 326 -
-	-	-	-	-
35 272	34 280 -	-	992	13 326 -
-	-	-	-	-
35 272	34 280 -	-	992	13 326 -
-	-	-	-
32 560 -	32 560	-	-	-

-	-	-	-	-
-	-	-	-	-
2 712	1 720 -	-	992	13 326 -

11 840	1 720	-	13 560	26 886
14 552	-	-	14 552	13 560

Charity Name:				CharityNo
				CompanyNo
Annual accounts for the	Annual accounts for theperiod	Period start date:				To period end date:	To period end date:
Section B Balance sheet	Section B Balance sheet
					Restricted
				Unrestricted	Unrestricted income	Endowment	Total this	Total last
	Guidance note			funds	funds	funds	year	year
				£	£	£	£	£
Fixed assets				F01	F02	F03	F04	F05
Intangible assets (Note 15)	Intangible assets (Note 15)	B01		- - - -	- - - -	- - - -	- - - -	-
Tangible assets (Note 14)	Tangible assets (Note 14)	B02		- - - -	- - - -	- - - -	- - - -	-
Heritage assets (Note 16)	Heritage assets (Note 16)	B03		- - - -	- - - -	- - - -	- - - -	-
Investments (Note 17)	Investments (Note 17)	B04		- - - -	- - - -	- - - -	- - - -	-
	*Total fixed assets*	B05		- - - -	- - - -	- - - -	- - - -	-
Current assets
Stocks (Note 18)	Stocks (Note 18)	B06		- - - -	- - - -	- - - -	- - - -	-
Debtors (Note 19)	Debtors (Note 19)	B07		- - - -	- - - -	- - - -	- - - -	-
Investments (Note 17.4)	Investments (Note 17.4)	B08		- - - -	- - - -	- - - -	- - - -	-
Cash at bank and in hand (Note 24)	Cash at bank and in hand (Note 24)	B09		14 552 - - 14 552	14 552 - - 14 552	14 552 - - 14 552	14 552 - - 14 552	13 560
	*Total current assets*	B10		14 552 - - 14 552	14 552 - - 14 552	14 552 - - 14 552	14 552 - - 14 552	13 560
Creditors: amounts falling due within one year (Note 20)		B11	- - - - ~~a~~		- - - -	- - - -	- - - -	-
*Net current assets/(liabilities)* *Total assets less current liabilities*		B12 B13	14 552 - - 14 552 13 560 14 552 --14 552 13 560 ~~ee~~ ~~ee e~~ ~~aLO~~
Creditors: amounts falling due after one	amounts falling due after one
year (Note 20)		B14		- - - -	- - - -	- - - -	- - - -	-
Provisions for liabilities		B15		- - - -	- - - -	- - - -	- - - -	-
*Total net assets or liabilities* Funds of the Charity		B16	14 552 - - 14 552 ~~a~~		14 552 - - 14 552	14 552 - - 14 552	14 552 - - 14 552	13 560
Endowment funds (Note 27)		B17		-			-	-
Restricted income funds (Note 27)		B18			-		-	1 720
Unrestricted funds		B19		14 552		- 14 552	- 14 552	11 840
Revaluation reserve		B20					-
Fair value reserve		B21
	*Total funds*	B22		14 552 - - 14 552	14 552 - - 14 552	14 552 - - 14 552	14 552 - - 14 552	13 560

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

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 of approval Print Name dd/mm/yyyy Michael Walling 24/9/2025 Velin Messalski 24/09/2025 Signature Date dd/mm/yyyy 24/9/2025 ~~——~~ Print name 24/09/25 ~~Vedw Wa ae~~

CC17a (Excel)

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

and with the Charities Act 2011.

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

FRS102

-Tick as appropriate

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 not applicable support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the not applicable going concern assumption doubtful; Where accounts are not prepared on a going not applicable 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.

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 { }.

note { }.
Yes No	✓	* -Tick as appropriate

1.4 Changes to accounting estimates

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

Yes ✓ * -Tick as appropriate No 1.5 Material prior year errors No material prior year error have been identified in the reporting period (3.47 FRS102 SORP). Yes * -Tick as appropriate No ✓

CC17a (Excel)

CC17a (Excell

Section C Notes to the accounts (cont)

Note 2 Accounting policies

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.

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*

CC17 FRS 102 SORP


		✓
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*
		✓

CC17 FRS 102 SORP

Stocks and work in

progress

Debtors

Current asset investments

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 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.

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.

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 meet short-term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

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*
		✓

CC17 FRS 102 SORP

Section C Notes to the accounts (cont)

Note 3 Income

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis of income
Donations and gifts	-	-	-	-	715
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

Box Office income (including Tax Relief)	-	-	-	-	45 794
Project Specific Grant Income	-	17 320	-	17 320	53 942
Other	38 280	5 005	-	43 285	150
Total	38 280	22 325	-	60 605	99 886

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Other	-	-	-	-	-
Total	-	-	-	-	-

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

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

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

	38 280	22 325	-	60 605	########

CC17a (Excel)

CC17a (Excell

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
Stagingfundraisingevents	-	-	-	-	-	-	-	-
Total Expenditure on raising funds Expenditure on charitable activities:	-	-	-	-	-	-	-	-

Production Costs including professional f	e 81	56 578		56 659	60 975	52 937	-	113 912
Total expenditure on charitable activiti Other	e 81	56 578	-	56 659	60 975	52937	-	113 912

Administration & Overheads	2 927	27		2 954	15	-	-	15
Total Other expenditure Total Expenditure	2927	27	-	2954	15	-	-	15

	3 008	56 605	-	59 613	60 990	52 937	-	113 927

Other information:

Analysis of expenditure on charitable activities

	Thisyear	Thisyear	Thisyear	Thisyear	Lastyear	Lastyear	Lastyear	Lastyear
Activity orprograme	Activity undertaken directly	Grant funding of activities	Support Costs	Total this year	Activity undertaken directly	Grant funding of activities	Support Costs	Total this year
	£	£	£	£	£	£	£	£
More Life	35 764	-	-	35 764	-	-	-	-
Schools Show R&D	20 895	-	-	20 895	-	-	-	-
Other	-	-	2 954	2 954
The Winston Machine	-	-	-	-	33 479	-	-	33 479
Meatsacks(workingtitle)	-	-	-	-	40 883	-	-	40 883
The Other WayHome	-	-	-	-	30 150	-	-	30 150
Mrs Caliban	-	-	-	-	9 400	-	-	9 400
	56 659	-	2 954	59 613	113 912	-	-	113 912

CC17a (Excel)

Section C Notes to the accounts

Note 5 Details of certain items of expenditure

Fees for examination of the accounts

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

CC17a (Excel)

Section C Notes to the accounts (cont)

Other Total Note 6 Cash at bank and in hand Short term cash investments (less than 3 months maturity date) Short term deposits Cash at bank and on hand
	This year £	Last year £
	-	-
	-	-
	14 552	13 560
	-	-
	14 552	13 560

CC17a (Excel)

Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 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

*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	Restricted	DirectProduction Expenditure	1 720	22325	-56 605	32560	-	-
General Fund	Unrestricted	UnrestrictedReserves	11840	38280	-3 008	-32560	-	14552
Total Funds as per balance sheet			13 560	60 605	- 59 613	-	-	14 552
Fund balances carried forward include assets and liabilities denominated in a foreign currency				Yes No ✓
					✓

CC17a (Excel)

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

*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	Restricted	DirectProduction Expenditure	-	54657	-52937	-	-	1 720
General Fund	Unrestricted	UnrestrictedReserves	26 886	45 944	-60 990	-	-	11840
Total Funds as per balance sheet			26 886	100 601	- 113 927	-	-	13 560
Fund balances carried forward include assets and liabilities denominated in a foreign currency				Yes No ✓
					✓

CC17a (Excel)

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 (True or False)

8.3 Transaction(s) with related parties

This year

There have been no related party transactions in the reporting period (True or False)

Last year

There have been no related party transactions in the reporting period (True or False)