D **www.kindredstudios.co.uk**
Kindred Studios REPORT & ACCOUNTS 2023–24 E
“… if more organisations could approach a sense of community even remotely close to what Kindred offers, the world would truly become a more vibrant and colourful place.” **Augusta Coca, local resident**
“Being at Kindred is my lifetime lottery win and I will be forever grateful.” **Zoë Landau-Konson, textile artist**
“For art to continue to be relevant and to survive, it needs to give voice to many communities, each with their own approaches and aesthetic sensibilities.”
**Angelique Schmitt, founder of Kindred Studios**
“Kindred has been such an inspiring place to work and create. I appreciate all the thought and care poured into making it so special.” **Adam Bernet, filmmaker**
“Kindred is a hive of ideas and collaborations not only with art but with how creativity can improve our communities as a whole. It provides me with support in so many ways. It nourishes me physically, emotionally and intellectually. Kindred is my sanctuary and my family, it’s what I have been looking for my whole life without ever knowing it.”
## **Jon Rees**
F
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**“Open Studios was a feast for the eyes and food for the soul!” Linda Royles, Global Generation**
## Foreword
**Angelique Schmitt** CEO, Kindred Studios
enriching our culture. Over the last ten years, I’ve been witness to this transformation across three different sites.
**With the support of my board and my creative Kindred family, I’ve been fortunate to witness our evolution from artist studios into something far more meaningful.**
Here are a few key questions to help me explain what makes Kindred Studios so very special. **Angelique**
Defining what makes us unique has been a challenge for me because Kindred is unlike any other artist studio. Visitors often emphatically remark on how AMAZING our creative home is!
**Kindred Studios is more of an intentional Artist Community than Artist Studios but what’s the difference?** An Intentional Artist Community is a purposefully created space where artists come together, united
My favourite analogy for Kindred is that, just as bees produce honey whilst unintentionally pollinating agriculture, artists create art whist
by shared values of reciprocity, openness, and a commitment to a culture of support. While artist studios often serve as mere workspaces – sometimes extending to professional networking—our belief is that focusing solely on pragmatic career needs overlooks something profoundly valuable: the deeper connections and collective growth that emerge from a true artistic community.
**Why are Intentional Artist Communities important?** Intentional Artist Communities foster huge resilience. While our artist studios provide spaces for professional growth, networking, and possible collaboration, it is the culture of generosity and reciprocity within our artist community that truly allows artists to thrive.
By supporting both the creative and personal wellbeing of our artists, we create the right ’safe’ conditions for them to develop
their unique expression. Our culture not only serves the individuals within our community but is also transmitted to the local area through our public engagements programmes and events, thus strengthening connections between artists and the wider public and allowing art to travel further to reach people who don’t ever attend galleries.
**How is art a catalyst for change?**
The modern world overstimulates our rational mind – the part of us that insists it is always right. While art has the power to provoke thought on wider issues, it also transcends language, allowing people to connect and feel on a deeper level. Artists create the material and conditions for individuals to find meaning in their lives, and meaning fosters purpose – something essential to our humanity and a catalyst for real transformation.
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## **The year in numbers**
1,800
**visitors during our bi-annual Open Studios, with most of them discovering Kindred for the first time.**
## 28 students spent 650hours
**3 young people started a long term mentorship programmes with 3 artists 67**
in total in Work Experience
Artists in residency, including 4 bursary and 5 reduced rate studios
# **Studio tours for** 135
**91 patients**
**from Headway, the brain injury association, spent 182 hours at Kindred attending workshops and creative sessions.**
**local young people from 5 local colleges**
**626** visitors **attended bespoke workshops, talks and performances, run by our creatives.**
720 hours **of artists’ time donated to students.**
**33 sessions**
**of Bulgarian Choir rehearsals since the first session in February 2023, totalling over 90 hours of rehearsing.**
**185 students**
**signed up to future Work Experience programmes during Careers Fairs.**
3,100 artists **still on our waiting list**
## Key events across the year
## **11/11/2023**
## **08/03/2024**
**International Women’s Day Exhibition** in collaboration with H&F Council.
**Autumn Open Studios** , attracting 800 visitors in a day.
**01/01/2024 First edition of Kindred Studios Catalogue** is published with 57 artists under 6 pillar disciplines.
## **14/02/2024**
**Queen Camilla pays a visit** to Kindred Studios.
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**08/06/2024 Summer Open Studios** – attracting 1000 visitors in a day!
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SATURDAY NOVEMBER 11 @ 11am-9pm
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KINDRED ARTIST CAFE
12 am-9 pm
Fantastic vegan & vegetarian lunch
and sweet treats
EXHIBITION SPACE
Packed with art and sculpture from
our resident artists.
DON’T MISS
This two-minute flm of our Open
Studios event last May 2023
CAMPFIRE SONG 6- 7 pm DRUMMING CIRCLE 7-9 pm
book here
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## **Free workshops, talks and tours across the weekend:**
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WORKSHOP / BUILDING A, STUDIO 5A TOUR / MEET IN CAFE
@ 11:00 -12:00 (60 mins) @ 13:00 -14:00 (60 mins)
CREATIVE PLAY WORKSHOP (all ages) ANGELIQUE’S TOUR
Join painter Amy Schuckburgh in experimenting with Kindred’s founder Angelique Schmitt takes you on a tour
collage and expressive mark-making, using paper, paint, of a selection of studios whilst exploring the theme of
pastel, pencil and more! Circularity and balance.
WORKSHOP / BUILDING B, STUDIO 3B WORKSHOP / FORECOURT
@ 11:00 -12:00 (60 mins) @ 12:00 -17:00
STITCH IT DON’T DITCH IT! MENDING WORKSHOP NATURAL DYES WORKSHOP (drop-in)
Designer and dressmaker Janene Spencer will show you Textile and natural dye practitioner Ava McFall will be
how to creatively and colourfully mend your clothes with a leading drop-in taster sessions to guide you through the
few simple stitches. No experience needed. basics of Natural Dyeing.
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WORKSHOP / MEET AT INFORMATION POINT @ 12:00 -17:00 (drop-in) WILLOW LANTERN MAKING (all ages) Make a Willow branch and paper lantern and later join our procession at 6 pm. (some drying time required, leaves you a chance to go and explore the artist studios)
TALK and Q&A/ BUILDING C, STUDIO 15C @ 15:00 -15:30 (30 mins) FROM EAST TO WASTE Denim designer Alexandra Armata brings historical context into today’s environmental crisis with her artful upcycled jeans. TALK and Q&A / BUILDING D, GALLERY @ 14:00 -14:30 (30 mins) CURATING ART AT HOME Learn top tips on how to buy, frame and hang art at home from art advisor and Art & People Founder Claudia Kennaugh.
WORKSHOP / BACK OF BUILDING C @ 11:00 -12:00 (60 mins) GRAFFITI LIKE BANKSY (14+) Come and take part in spray painting a large, colourful, collaborative mural with graffiti artist Jon Rees.
**To see our full programme and pre-book your place here: EVENTBRITE**
WHERE: **Kindred Studios 14 Market Lane Shepherds Bush W12 8EZ**
Connect with us on social media: **@kindredstudiosartists www.kindredstudios.co.uk**
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## **Amelia Lancaster at**
## **The National Theatre**
Photographer Amelia Lancaster has her solo exhibition _Abstractions: studies of the National Theatre_ in the Wolfson Gallery at the National Theatre. Amelia Lancaster’s practice is highly influenced by materiality and architecture.
She has tirelessly worked on producing abstract images of Southbank, including the National Theatre building for a few years before being offered a solo exhibition at their gallery. Amelia’s exhibition was mentioned by _The Guardian_ and _The Architectural Review_ .
**Sound designer Ines Alves’ work is shown at the Cannes and Locarno film festivals**
Sound designer Ines worked on a film _On Falling_ , directed by Laura Carreira, which was shown at the Cannes film festival, premiered at BFI London in autumn 2024 and is set to reach other cinemas in late 2024. The other significant piece of work is the film called _Washhh_ , directed by a well acclaimed director Mickey Lai, whose film premiered at the Locarno film festival.
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**Left: Camilla Brendon, Kelp Forest**
**Abbas Zahedi at Tate Modern** Multidisciplinary artist Abbas Zahedi’s solo exhibition at Tate Modern, opening in early 2025, has been confirmed. Since the commission, Abbas has used his studio space to run his Research and Development process as well as a place to invite members of the public to see the early stages of a significant upcoming show.
## **Textile artist Rachna Garodia at Alexandra Palace, London Design Festival**
It has been a busy professional year for textile artist Rachna Garodia, who is represented by Ruup & Form gallery. Rachna’s work was shown at the London Design Festival (September 2023), London Art Fair (January 2024), Collect Art Fair (March 2024) and Knitting and Stitching Show at Alexandra Palace (October 2024).
**Jon Rees Changing Perspectives x TK Maxx and Imperial Health** _Changing Perspectives_ , reflective photographic course, founded by multidisciplinary artist Jon Rees gained a lot of momentum this year. Jon programmed an interactive 8 week course, with the aim of exploring how photography can help improve our wellbeing and connect with others and the world around us. Throughout two series of the course, 21 Imperial health patients engaged in 14 Changing Perspectives sessions in 2023–24, totalling 600 hours.
Jon Rees has also successfully run a series of Changing Perspectives for his biggest to date commercial client TK Maxx. His course was
attended by a number of their employees from TK Maxx offices as a Wellbeing Day.
As a multidisciplinary creative, Jon also programmed and ran graffiti and wellbeing courses for participants from Kids on the Green **www.kidsonthegreen.com** as well as Action on Disability **aod.org.uk** .
**Ceramicist Helena Lacy graduated from**
## **Royal College of Arts**
Whilst working from Kindred, ceramicist Helena Lacy prepared her portfolio and applied to study at Royal College of Arts (RCA) MA programme. In 2024 she graduated from the course, followed by offers to various work opportunities and residencies.
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impaired, an educational presentation for visiting students and a closing evening with an experimental musical performance.
## **Painter Mons Jorgensen**
In November 2023, Mons’ work was selected for the fourth edition of the publication _Artists of Today and Tomorrow_ , which was presented at Spazio Europa, the offices of the European Parliament and the representation of the European Commission in Rome, Italy.
Gallery Spazio b5 presented Mons’ paintings in a solo show at Art Athina in September 2024. For the weekend event of the fair she organised a collaboration with five local dance and theatre specialists, who translated the paintings into a moving performance using masks created by the artist.
Mons had a solo exhibition at Spazio b5 in Bologna in early 2024. The exhibition included participatory performances, a guide in braille for the visually
## Shows and exhibitions at Kindred
## **October 2023**
## **May 2024**
Sculptor **Leonora Lockhart’s** solo exhibition takes place.
Multidisciplinary artists **Tina Crawford** and **Darshana Vora** throw a duo show called _Double Exposure_ .
## **September 2024**
Painter **Susan Thompson** has her solo exhibition in collaboration with Shepherds Bush Market.
**Pollen Collective** , led by painter **Kate Lowe** , puts up a group show, pictured above.
## **February 2024**
## **October 2024**
Multidisciplinary artist **Sian Bliss** sets up her solo show, during which the artist encouraged the members of public to reflect and co-create.
Painter **Harriet Chomley’s** solo exhibition takes place.
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## Open Studios
“I believe it is through encounters during Open Studios that art can be a place for imagination and play, challenging current systems of thought while also inviting newness and beauty into the different, yet equally authentic, ways we build worlds and find a sense of home or belonging. The vulnerability of opening up your working and thinking space to strangers became an entry point into deeply personal conversations about ways of being, existing, and nurturing.”
**The bi-annual Open Studios give an opportunity for people to come and discover for themselves Kindred Studios - and their wider remit of being an Artists Community rather than simply just artists’ studios.**
## **Autumn 23 Open Studios:**
- 800 visitors in a day
- 258 visitors attending bookable workshops, talks and performances
- 11 volunteers and 3 employed for the day
## **Iman Datoo**
## **Summer 24 Open Studios:**
“I did not realise there… are so many amazing artists in the area.
- 1000 visitors in a day, with
- 368 visitors attend bookable workshops, talks and performances
I did not realise that there… is such a wonderful place with so many artists and nice people.”
- 13 volunteers and
- 5 employed for the day
“The day was full of such incredibly interested and interesting guests from every walk of life, young to old. I had the most fascinating conversations with people and it was clear to see how everyone was instantly caught up in the Kindred spell. It was also so interesting to watch the most unlikely people being visually transported to a place they clearly don’t normally inhabit. Definitely a resounding success!”
## **Zoë Landau-Konson**
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Feedback from visitors to Kindred Studios on how the visit made them feel.
## **Kindred would make my neighbourhood more…**
**Kindred would make my neighbourhood less…**
- … lovely, … more of a community,
- … ugly, … and less dull!
… more creative and connected, … and more exciting!
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## Kensington and Chelsea Women’s Club
## **April and June 2024**
from Kensington and Chelsea Women’s Club came to two guided studio tours, where they were able to see 12 artists’ studios and many other community artists from various disciplines. Many of the KCWC community members returned to Kindred for other events, social gatherings and to enquire about artwork to purchase.
In 2024 Kindred formed a friendship with Kensington and Chelsea Women’s Club (KCWC) by inviting them to guided studio tours and lunches with artists.
KCWC is an organisation that provides social and enrichment opportunities for the women residing in Kensington and Chelsea Borough. A group of 30 individuals
## International Women’s Day Exhibition at Kindred Studios
An exhibition titled _A Seat at My Table_ , in collaboration with Hammersmith & Fulham Council and taking place at Kindred Studios, is based on Judy Chicago’s _The Dinner Party_ (1975).
Kindred studios invited female artists, living or working in the borough of Hammersmith & Fulham, to exhibit the work.
**Thanks to all participating female artists, we had an incredibly successful Private View with 183 visitors on the opening night!**
This group show was put together by young curator Hanna Dhaimish. During it’s Private View (7 March, 2024) over 100 members of public attended,
followed by 27 visitors,who came to private tours. Many visitors did not know about Kindred Studios prior to the exhibition.
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## Education & Mentoring programmes
This year Kindred Studios artists donated 60 hours per month, equivalent to 720 hours this year, of their time to students.
## **Mentorship programme formed**
Kindred studios started its mentorship programme by offering three students continuous professional development. The team matched the artists whose skills were most valuable with the three hand picked students.
## **Artists provide educational opportunities to young people from the local area**
Our Education Officer Camilla connected with just under 200 students during the two career fairs that Kindred attended. Attendees of Careers day at the Lyric for H&F Jobs of the Future event and William Morris Careers Fair were invited to register their interest in the future education and mentorship programmes.
Student Zeynal wanted to learn filmmaking and editing skills, so he was paired with filmmaker Adam Bernet, who was not only able to teach technical aspects of his job, but also introduce and engaged the student to his creative processes. Another student Beyza, who is interested in fashion and textiles, started their professional
relationship with wearable art designer Syban Velardi, whereas Ismail was paired with painter Kate Lowe as he was getting ready to apply to a foundation course at an arts university. Between the three students and three artists, 76 hours this year were spent in mentee-mentor meetings alone.
“I was fascinated at stretching my sewing skills by designing a tote bag under the guidance of fashion designer and kindred community member Janene.”
**Maejion, work experience student**
“After visiting Kindred Studios in person, I was truly inspired by the incredible energy of the space. Seeing the diverse work of the artists and creators firsthand left a strong impression on me. It’s clear that Kindred Studios isn’t just a place to work, it’s a thriving community where collaboration and creativity are at the heart of everything. Being surrounded by such a talented and supportive network of artists is exactly the kind of environment I’d love to contribute to and learn from. The way Kindred fosters both individuality and a sense of collective purpose is something I greatly admire, and I’d be honored to be part of it in any capacity.”
**Student from St Charles Catholic Sixth Form College, September 2024**
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## Bursaries & reduced rate studios
## **Bursaries and reduced rate studios**
5 reduced rate studios for 2 to 3.5 years
5 artists received full bursary to their studios
residencies - three artists took up 2, 6 and 12 month residencies during the year of 2023–24.
## **Residencies:**
Iman Datoo
6 months residency 960 hours (if full time)
Line le Fevre
2 month residency Aug – Sept 24 320 hours (if full time)
Phoebe Riley Law
8 months to date, 12 in total Jan 24 - Sept 24 1 280 hours (if full time)
“I am so grateful to my bursary at Kindred Studios which has led to a big professional breakthrough for me in 2023. A fellow Kindred artist who saw my pictures of the National Theatre drew them to the attention of the National Theatre.
As a result, I was invited to have my first solo exhibition at the National Theatre, which was also featured in _The Observer_ , _Guardian_ and _The Architects Journal_ . It was very much in the Kindred spirit that I was helped by another artist.”
**KINDRED STUDIOS Audited Financial Statements For the Year Ended 30 September 2024**
**Charity Registration number 1182692 Company registration number 09764226**
## **Amelia Lancaster**
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## **KINDRED STUDIOS**
## **Financial Statements**
## **Year Ended 30 September 2024**
## **Year Ended 30 September 2024**
## **Reference and Administrative Details**
**Contents Pages** Trustees’ Annual Report 4 to 7 Independent Examiner’s Report 8 Statement of Financial Activities 9 Balance Sheet 10 Notes to the Financial Statements 11 to 16
**Registered charity name: KINDRED STUDIOS Charity registration number: 1182692 Company registration number 09764226 Registered Office: Ealing House**
**Ealing House 33 Hanger Lane London W5 3HJ**
**Mr Chris Griffin Mr Kenneth Ibbett Mr Konstantinos Evangelidis (resigned 31/12/24) Ms Katherine Lowe Ms Angelique Vivienne Schmitt**
**Trustees:**
**Ms Angelique Vivienne Schmitt**
**CEO:**
## **Bankers:**
## **Barclays Bank plc**
**Arby Chek (FMAAT) G&C Accounting Ealing House 33 Hanger Lane London W5 3HJ**
## **Accountants:**
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**KINDRED STUDIOS**
## **Trustees’ Annual Report Year Ended 30 September 2024**
The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **Structure, Governance and Management**
Kindred Studios is a charitable company limited by guarantee and governed by its Memorandum and Articles of Association dated 6 March 2019. Kindred Studios was registered as a charity (number 1182692) with the Charity Commission on 29 March 2019.
The board is made- up of three Trustees, including Chair and CEO. Trustees recruitment of Trustees can be nominated by any current member of the Board and can only be appointed by consensus decision. In recruiting prospective trustees, the Board’s policy is to seek a broad range of experience relevant to the work of the charity, with particular focus on the area in which it most needs help. The board’s present remit is to house the project in order to achieve stability.
## **Objectives and Activities**
Kindred Studios became a registered charity, number 1182692 on the 29[th] of March 2019
The purpose of Kindred Studios is to advance education through the provision of high quality educational programmes designed to support young people and broaden access to the arts.
Kindred Studios fosters a uniquely inspiring and supportive environment for a diverse community of professional artists and makers. In turn, these artists contribute to a meaningful, hands-on educational resource for young people aspiring to careers in the arts. Kindred offers vocational tours and work experiences designed to engage and inspire the next generation, encouraging them to explore future opportunities in the creative industries.
Kindred also deepens public appreciation of the arts by inviting the pubic into regular workshops and immersive creative experiences designed to enrich people’s lives and create connection.
## **Trustees’ Annual Report (continued) Year Ended 30 September 2024**
## **Public Benefit**
The Trustees confirm that in planning the charity's activities, they have referred to and had regard of the Charity Commission's guidance on public benefit in line with its objectives:
2.1.1 To advance education through the promotion and encouragement of the practice and appreciation of the arts, in particular (without limitation) through the provision of high-quality arts education programmes;
2.1.2 To further any other purpose which is exclusively charitable under the laws of England and Wales.
## **Achievements and Performance**
## **A Year of Growth, Recognition, and Community Impact**
This financial year has been extraordinary, with Kindred Studios receiving significant recognition for its impactful work in the community.
The year began with another lease extension at our Shepherd’s Bush studios, allowing us to surpass three years at the same location—the longest period we’ve remained in one place since Kindred Studios was founded in February 2015. This stability has enabled the project to mature, deepen its roots, and reinforce the vital role that art plays in strengthening community bonds. Now, more than ever, there is a clear need for welcoming and accessible art spaces that draw the public in.
Since opening in Shepherd’s Bush in February 2020, Kindred Studios has continued to provide affordable studio spaces for artists, sustain education programs for 14– 18-year-olds, and offer a regular home to creative groups such as The London Bulgarian Choir, Forest Drummers, and theatre companies in need of rehearsal space. We have also funded and supported independent, socially driven creative projects like _Changing Perspectives_ while continuing our partnership with Imperial Health and Headway to deliver Art Therapy and Socially prescribed workshops for a wide range of outpatients.
By February 2024, the Kindred community was overjoyed to welcome HRH Queen Camilla, who, upon learning about the project’s impact, personally requested an official visit. The preparations were extensive, but the event itself was truly
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**KINDRED STUDIOS**
## **Post audit comment**
## **Trustees’ Annual Report (continued)**
## **Year Ended 30 September 2024**
unforgettable—lifting the spirits of our artists and reaffirming the importance of our work.
Shortly afterward, the Borough of Hammersmith and Fulham invited Kindred to host this year’s International Women’s Day exhibition. Following an open call, 17 femaleidentifying artists from the borough contributed works for _A Seat at My Table_ . The private view attracted 183 visitors, and Kindred organized two additional, wellattended guided tours to engage the community in the exhibition’s intricate and meaningful narratives.
In August, more great news arrived: Kindred Studios was shortlisted for the Mayor’s _Reimagine London_ initiative, recognizing our innovative vision for rethinking community spaces with artists at the heart of their creation!
With so much progress and recognition this year, Kindred Studios continues to thrive as a creative force, demonstrating the power of art to inspire, connect, and transform communities.
## CHRONOLOGY OF MEANINGFUL EVENTS FOR 2023-24:
## **22 NOV 2023 – Board Meeting**
Since the end of the financial year, in January 2025, Kindred finally agreed and signed a 15-year lease on 40,000 sq ft building in North Kensignton, thus securing a long-term home for its projects to continue on a larger scale.
**Trustees’ Annual Report (continued) Year Ended 30 September 2024**
## **Financial Review**
The financial position of the charity at the year-end is set out on page 10.
Kindred Studios raised £231,412 in 2023-24, achieving a surplus of £17,717.
Total reserves of £221,999 are held at the year end of which £163,899 are unrestricted and £58,100 are restricted.
## **Reserves Policy**
The charity’s intention is to maintain adequate reserves, equal to three months’ worth of staff and operating expenses, which together with funds raised in the year will enable it to continue its programmes.
## **Plans for Future Periods**
NOV 2023 Open Studios Days (800 visitors in a day)
DEC 2023- Launch our new website with clearer messaging and objectives. JANUARY- Bulgarian Choir joins Kindred for weekely rehearsals. FEBRUARY 2024 - HRH Queen Camilla visit to Kindred Studios.
7 MARCH 2024 -PV of International Women;s day Exhibition, A SEAT AT MY TABLE (183 visitors on the opening night) + guided talks
MAY 2024 -Working with Kindred illustrator, Maisie Cowell, to produce an illustrated version of the Kindred Story and its ethos.
JUNE 2024 Open Studio day (1200 visitors in a day)
AUGUST 2024 - Kindred Studio shortlisted Mayor’s Reimagine London.
## **18 SEPT 2024 - Board Meeting**
SEPT 2024 Bid for 10,000 sq ft site on Harrow road, belonging to Westminster council - AWAITING RESULT
SEPT 2024- Rolling lease extended, 3 months visibility, until 3[rd] of October 2025
With the remaining lease term nearing its end, securing a long-term home for Kindred Studios is the organisation’s top priority this year. Establishing a stable base will allow the charity to strengthen relationships with local stakeholders and ensure the sustainable growth of its programs—enabling them to evolve rather than be rebuilt with each relocation. As the financial year drew to a close, very promising new opportunities emerged in this regard. It is clear that Kindred Studios is entering a growth cycle and so the structure of the Kindred Studios board will need to be reviewed to ensure it is well-positioned to support the organisation’s future needs.
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Signed on their behalf by
Signed on their behalf by
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______________________________ ______________________________
Mr C Griffin Date
Trustee
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## **For the Year Ended 30 September 2024**
**I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 30 September 2024.**
## **KINDRED STUDIOS**
**Statement of Financial Activities (incorporating income and expenditure accounts) For the year ended 30 September 2024**
## **Responsibilities and basis of report**
**As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).**
**I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.**
## **Independent examiner’s statement**
**I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:**
**1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or**
**2. the accounts do not accord with those records; or**
**3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or**
**4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).**
|**Income:**
**Notes**
Income for the period: 2
Total Income:
**Expenditure:**
Raising funds
Charitable expenditure
Total Expenditure:
Net movement in funds:
**Reconciliation of funds**
:
Total funds at 1 October 2023
**Total funds at 30 September 2024**|Unrestricted
funds
Restricted
funds
Total funds
Total funds
2024
2024
2024
2023
£
£
£
**£**
226,712
4,700
231,412
225,773
226,712
4,700
231,412
225,773
-
-
-
-
208,950
4,745
213,695
195,707
208,950
4,745
213,695
195,707
17,762
(45)
17,717
30,066
146,137
58,145
204,282
174,216
163,899
58,100
221,999
204,282|
|---|---|
The notes on pages 11 and 16 form part of these financial statements.
**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.**
**Anthony Epton BA FCA CTA FCIE**
**Goldwins Limited**
**Chartered accountants**
**75 Maygrove Road**
**West Hampstead London NW6 2EG**
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9
**26 March 2025**
## **KINDRED STUDIOS**
## **Balance Sheet as at September 2024**
|**Notes**
**Fixed Assets:**
Tangible Fixed Assets
**6**
**Current Assets:**
Cash at Bank
Debtors
**7**
**Current Liabilities:**
Creditors: amount falling due within one year
**8**
Net current assets
**Net Assets**
**9**
**Represented by:**
Restricted Funds
**10**
Unrestricted Funds
**Total Funds**|**2024**
**£**
2,815
2,815
267,544
4,687
(53,047)
219,184
221,999
58,100
163,899
221,999|**2023**
**£**
3,518|
|---|---|---|
|||3,518|
|||242,156
12,746
(54,138)|
|||200,764|
||||
|||204,282|
|||58,145
146,137|
|||204,282|
The financial statements have been prepared in accordance with the special provisions for small companies under Part15 of the Companies Act 2006.
For the year ended 30 September 2024 the charitable company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No Members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
The accounts were approved by the Trustees on ………………………………and signed on their behalf by _____________________________ ______________________________ Mr C Griffin Date Trustee Company registration number: **09764226**
## **Notes to the financial statements For the year ended 30 September 2024**
1. **Accounting Policies**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling, which is the functional currency of the entity and is rounded to the nearest £.
## **Going concern**
The trustees are not aware of any material uncertainties regarding going concern.
## **Judgements and key sources of estimation uncertainty**
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions or estimates that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in the next financial year.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity’s purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal.
## **Incoming resources**
Income from donations and grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably. All income is derived from the charity’s principal activities which relate to fundraising.
The notes on pages 11 to 16 form part of these financial statements.
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11
## **Notes to the financial statements (continued) For the year ended 30 September 2024**
## **Fixed assets**
Fixed assets are depreciated over their estimated useful lives at the following rates: Office equipment: 20% reducing balance.
## **Notes to the financial statements (continued) For the year ended 30 September 2024**
## **3. Employees**
## **Number of employees**
The average monthly number of employees during the year was 2 (2023: 2)
## **Debtors**
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.
## **Creditors**
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount
## **2.Analysis of Income**
|Donations and
legacies
Other trading
activities|Restricted
Unrestricted
Total
Total
2024
2024
2024
2023
£
£
£
£
4,700
-
4,700
-
-
226,712
226,712
225,773|
|---|---|
||**4,700**
**226,712**
**231,412**
**225,773**|
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2024**
**2023**
**£**
**£**
79,625
72,369
2,970
4,614
2,014
1,797|
|---|---|
||**84,609**
**78,780**|
There were no employees whose annual remuneration was £60,000 or more.
Key management remuneration – total compensation paid to key management personnel for services provided to the charity was £55,497 (£49,365).
## **4. Net Income/expenditure**
|Net income /(expenditure is stated after charging:-|Net income /(expenditure is stated after charging:-||
|---|---|---|
||**2024**|**2023**|
||**£**|**£**|
|Depreciation|703|800|
|Independent examiner’s fee|-|1,000|
Of the £231,412 income in 2024 4,700 represented restricted income.
## **5. Trustees**
## **Analysis of Expenditure**
|Staff costs
Raising funds
Consulting
Building Maintenance
Utilities
Charitable activities
Other office expenses|Restricted
Unrestricted
Total
Total
2024
2024
2024
2023
£
£
£
£
-
84,609
84,609
78,780
-
-
-
-
4,260
22,357
26,617
6,289
-
12,148
12,148
20,011
49,724
49,724
49,230
485
-
485
2,342
-
40,112
40,112
39,055|
|---|---|
||**4,745**
**208,950**
**213,695**
**195,707**|
No trustee or person with a family or business connection with a Trustee received remuneration in the year directly or indirectly, or had any expenses reimbursed (2023: nil) except as disclosed in note 12.
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13
## **Notes to the financial statements (continued) For the year ended 30 September 2024**
## **6. Fixed assets – Used by the Trust**
|Cost as at 1st October 2023
Additions in period
Cost at 30th September 2024
Depreciation at 1st October 2023
Depreciation Charge
Depreciation at 30th September 2024
Net Book Value at 30thSeptember 2024
Net Book Value at 30th September 2023|**Office**
**Equipment**
**£**
-
6,468
6,468
2,950
703
3,653
2,815
3,518|
|---|---|
## **7. Debtors: amounts falling due within one year**
|Trade debtors
Other debtors|**2024**
**2023**
**£**
**£**
2,180
12,746
2,507
-|
|---|---|
||**4,687**
**12,746**|
## **8. Creditors: amounts falling due within one year**
## **Notes to the financial statements (continued) For the year ended 30 September 2024**
## **9. Analysis of Net Assets**
|Fixed assets
Net Current assets|**Restricted**
**fund**
**Unrestricted**
**funds**
**Total funds**
**Total funds**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
-
2,815
2,815
3,519
58,100
161,084
219,184
200,763|
|---|---|
||**58,100**
**163,899**
**221,999**
**204,282**|
## **10. Restricted fund**
|Restricted funds|Balance at 1
Oct 2023|Income|Expenditure|Balance at 30
Sept 2024|
|---|---|---|---|---|
||||||
||£|£|£|£|
|Garfield Weston|58,100|||58,100|
|Imperial Health|45|-|(45)|0.00|
|TK||4,700|(4,700)|0.00|
|||||£58,100|
|Total|58,145|4,700|(4,745)||
## **Purpose of restricted funds**
Garfield Weston Foundation – contribution towards the capital expenditure of Ravenscourt stores.
Imperial Health budget – to cover the costs of furnishing a space for art therapy groups.
|Other taxes and social security
Other creditors and accruals|**2024**
**2023**
**£**
**£**
3,396
2,123
49,651
52,015|
|---|---|
||**53,047**
**54,138**|
**KINDRED STUDIOS**
**KINDRED STUDIOS**
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## **Notes to the financial statements (continued) For the year ended 30 September 2024**
## **11. Related Party Transactions**
There were no disclosable related party transactions during the year (2024: none) except for the following:-
Angelique Schmitt, a trustee, received total remuneration of £55,497 (2023 £49,365) for her role as CEO of the charity. No remuneration was paid for her role as trustee.
## **12. Retirement benefits scheme**
The charity operated a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to the income and expenditure account in respect of defined contribution scheme was £2,014 (2023: £1,797)
## **13. Controlling party**
The charity is controlled by its Trustees in this and prior year.
**www.kindredstudios.co.uk**
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