Charity number: 1183582 Company number. 06067760 (England and Wales) Kakilang Ltd Report of the Trustees and Unaudited Finan¢io1 Slatements For the year ended 31 IAarch 2023 *A£LR]V4. 11101r2024' C(NPANIES H(E
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Kakilang Ltd Contonts Page For the year ended 31 March 2023 Rep)rt ofthe TNstees 1106 INJeFen¢Jent Examintrs Reportty) Il Twstses Statement of Financkql AdThirfiEs Stmenl of Fw)anrial Plxtson Not8S to Ihe FIaral Stater 10t017
Kakllang Ltd Report of Ihe Trustees For the year ended 31 Mareh 2023 The Twstees, who are aLs0 diredors for the purposes ol c4mpany low. have pkasure in penn9 Iheir report and th8 finanoal staternents for the charitabkn coThpany for the year ended 31 March 2023. The Trustees hav? adopted the provisions of Accounting and Reporbng by Charites." Statement of Reeornmended Practi applicable to charities weparing the accounts in acrdance vthh Ihe Finanraal ReporDrg Standard appltable in tTr UK and the Republic ol Irelan¢J IFRS 1021 leffecbvo 1 January 20191. OBJECTIVES AND ACTIVITIES obje1¥+$ and aims Kakilangs vision 1$ Comiry T¢Wher Through Art. Our mission is to prcJu and psent worfd-class art. and pioneer rnutti-disoplmary artform5 from a whle SFÉCtrum of Scdrtheast and Ea$t Asran voices. Kakilang'$ vaknes indJde those We bnn9 people together through art. We build art that dem3Nls Equality. We create with artists al the core. We generate a space where art form5 Inter5ecl, irwire. F4ay wrth and talk to each other. We raise aWane$S. and seek ways to address la¥ger global 51s. by erwiThJ Feopts through the arts. The Trustees revEw the chanty's athwties and amual busrss plan in li with tsse objeclives. and mission each year. The annual business plan is aL80 enth)rsed ty Arts Counul Englènd. Each yew the Trustees. the Fermanent team a repre5entabve cl Arts CourK4 Ennd cary crtrt an Annval PerfcYrnanc• Rtwew of Ihe company. The Review of2022f23 Ik [8 on 26 JU 23 atsj the resuts We very posthe. Risk management The Trustees nN)nitor wentol r(8k to the CLNnpany all area5 throuyh a register that 15 read by thè Trustèes every 3month5. Additionally, the company's pemianent team meml)er$ re9ularty carry risk a$$M¢1$ as part of thw"r work arKJ all staff are given Heatth Safety ExeDJtive informatb)n about hearth and safety at work. cotryanys sxr>uciion$ and 011 presentst)ns take venues managed by thrd parbes. The prodLKers ol tach show lry out Health and Safety risk a550ssrnents at exh Ven. The maj¢y rtsks iJentifk8d by the ¢cryaThy were.. - Induetitsn ol the new Chair. transrtty)n of board trustees irthJin9 Ihe inductA)n of ne board ftwers - InductK)n and transOn of the Oire¢torlCEO and General Mana9er There 15 apwopriate probats'on and trainin9 pbn for CEO ar#J General Manager. and atso training for new trustees. this induded free irainiwj offered by Cause4, swrciTh3 a mentor for the CEO, MeasUre obpctives for month, and regular 1 to 1 check ins A te8rn away day arKJ board aThY team away day have teen pknned for 2023r24. The Board and 51aff are continuirg io re¥Ew and "n9 aclv)n to mbgate IW risks as far as feasible. ststement on public benefrt The Chanty's objecfves are to a¢fvants the arts for the benefrt by the Pmfith¢)n in Parti10r. but ncl exduvely, of the visual, erfonIng and digtal arts. The Twstees refer to the Chanty COMMI.$ guNJarts on when setbrKJ OLrt the charitys obieth"v•s and the thanty's actiwtEs achievements ithiS pOrt. 1of17
Kakilang Ltd Report of the Trustees Continued For the year ended 31 March 2023 ACHIEVEMENTS AND PERFORMANCE Significant activities Achievements and per1cMnCe In the financial year 2tr22Q3, our le. an tICE0, thr8e Asswate Artist Directo. an AdmIntraI)n Manager, a Marketin9 MJwJer, aTrJ an Arts arwj ConnIty PrOdur. ddivered an arnbitious aft(1 high quality we9ramme. A swJnifi¢ant mi$tt was wthed as febrarYJed fr¢Jn Chinese Arts Nrm 10 Kakilang In Oci¢ber 2022, aiming to enhan inclusivity 8TrJ expand our reach. The rebrandiTrJ receNed an exponal receptson, garnering cKJverage in pU1¢ationS such as The Stag& aThJ Art5 Profess, uTrJer5coriNJ commthèrrt to inckn5Nity arKI our wsion of 'Coming Together Through Arr. We have reIVed ovehelMlngIY p05itNe leethac for our Thi9 workir¥J with new partnerships wrfh a diverse range of organisalKJns like Its HadLney Chinese Communrty Centre. N•wham Chinese Assrtiation, London Chinatown Corporate Assoaath?n. Barbican. Cwrt)re Junction, Oxford Conmporary Music. The Space. and StoryFutures. we psented 9roun¢reaking Kaklang Producbor6 LLXV Carbm Chinatown and HOME X. Kakilang Festival 2023 showcased seven Origin pr(>auctron5 workwig wilh 62artiSts. 50hl 2442Ikets afva captivated ovér 8,OOOIIv¢ audie1e membefs acr¢)55 Vario art foms. For the development and communrty PTCgfarrffi. inibot.bw as Fffldfftg lth>rl Creobve Vo¢e pyed a F¥votal role in faolilabng cornrnunity outreach, Whi our CreatNe Lab successlulty established a vibrant art151 nets¥ork. benefiting 70 emerging and mid-career artists. As an asKKiate Company for the Horizon Shty4case. adNdy partopated the s¢trgn pro$$ ot the showcase works. further solidrfyirrfj our commitr1 its pIclIrj except'onal tnt are proud that both our main Kakilarg website and the Low Carbon Chinatown webgie have tRen sed&l for preservation by the Bntish Library in Ihe UK Web Archive, a testsftnt to theirculiufal arnl historical signiftsncè. Kakilang Prodwts'ons Low Carbon Chinatown 8 HOME X In•v for 2022r23} Carbon ChinatuwTr cCbineS foDJ cutture. dats SCce aTrJ partiapatithi to explore dfftenl ways Ihat we can all help respond to the Climate Cir•iS produc11 buiTr wr first rdationship 1h over IOcLYnmunity organi$ations and Soulheasi ona Easl Asian tSIness¢$ antl ifivolv8d soetMnity paitpants in tt Co-uewing process. The project culrninated in a put4ic popup StalL8 1h a loc#J feast atthe heart ol Cliwtrwn, capbvatir#J over ?0.¢ passersby. "I love having the whde setup here in Chinatown the fotrj Is arnaz9 aThY super tasty l. I havirwJ the pop-up structure in Gerrard Street Whe hist¢81 it has ahvtys been a gathering Sp for peopk ts espeaally meaftiWul." - Gr4n1ran Chicco, Head ol Content & tt31 at London Den FestNal HOME X ig a liveldyital hybrid perfcrfmafi. £11[j a rth aTrJ )racbE 30 virtual wilh INe tatre and mus. The produclion lmInateS in a powerful pece of vertjatvm theatrè as wcrfld is visrted by a 3fIlmed sequence of 25 comrnunity particpant5 telling t1r $toiies ol aTrJ mvJratrJn HOME X wemEred at London'5 worfd-cl85$ 8arbin Theatre and toured to Theatre Royal and CambrNJge Jun¢. a¢h1j over 1500 INe o)line a1n$. 'An utterty unique exFernce ihat astounds with kn¥1 a$ rt aL80 1cts on the not'¢r6 of home antl leeling at h(me"~"' (Reviews Hub) & M0t. esery th)lr 6 a Soh1h rn¢x you're a draw & Chinatun 2.0 After re¢eivin9 Th9rtal Cul)Jre Awa StoryWliThJ in 222. ** brLXJ9ht bath every dollar ts a solderlwth mceY you're dragon in a digital fomi as wdl as st4ed rt "ve at the GraThJ Hall at Two Templtr PL8 a$ a part of Kakilary Fest81. W• ar• tively explonn9 OPPOrtunites to further tour the Ucboh in both dyrtal and forrnats. Augmented Chinatown 2.gwas seletsj as a part of Ihe LeOrt Unseen prc#3ramme and er#Jaged over 100alence and wo¢Kshop partupants over the year After re¥Ing the best way ol wesenb.ng the wth. we deJ"ded to make rt a free ar¢J to t¥oaden the engagement lo the loriginalty £4.99 pet dtywrdt)adl. Kakilan9 Fe$'Val 2023 2of17
Kakilang Ltd Roport of the Trustees Continued For the year ended 31 March 2023 Kakilang Festwal spanned from 21 Febnjary to 22Al. er0PaSlj a remarkab 83days of taptivating events exhibitions. Wrth a dNerse ra of 7outstandirvJ prc#sti0, lh8 feslival an impact on over 8000au¢Jience m?rnb8rs for our live evenls. The festival Iwth the hvJhly acdaimod kwJu¢bon HOME X at the 8arbican Pit Theatre. Addrtionally, we woudly ojrated InawJural INe exhibrb"on. State4ess. in ¢olaboratK)n wtth Two Temple Place, featuring compdliry works by 10taknW S(xrtheast and East Asn artists The publ ptogram was equally enriching. offering èryaging 8xperiences such as hvo Lates perfonants, the curator tours. one panel disvJ$svn. one poetry workshop, two children workshops, and r•markabkn Kakii4ng kY(xJuction. every domar is a sobJi8rAvrth mon•y youfe a dragon. "Stattrl8s9 is a thou9ht-provokirg Lliway that sheds hght on Ihe •J invisible bourJarie5 Ihat continue to Shape our eXPern of Ihe knrkI. while gNin9 vo¢e to Il diversty of a re9iM Ihal is too oln sn a5 hoffts)geneou$." Art Revew Fu11h8cr. th8 vibrznt and wtiydting cabaret aThJ cJb niym, TASTE, eurated by Prin$S Xixi, $hw¢osed Ihg ta18niS of nine exceptional 4r aftysts. pro¥ir4 a unioutr 9lwnps6 inlo wr ¢uttural and arb$ti¢ heritsge and captivating a young?r aUdnCe. The festival also showcasgj the critically acdaThed dance FerforrThanc8 The Resi of Our Lives by Jo Fon9 and Gecrge Orange. whith acCole$ from The Guardon in 2022. Clogng Ihe festwal was Ernrny ihe Gr8afs final concert. feoturiThJ her new ¢p0scs ccffinsSm?ned by K2kn'lang. for a total of 624 attend$. FestNal Aim aThY IMpt We Jefine our aims for festival very much in lem)s of cufatorial content as Kakilaw is V•ry rnLKh ¥b¢ut arbslic diversity in te$ of both fo and d15cipline. very thar that tsur Festival Iir-up overwhelmiryly delive@ on our rnission goal of sofflething for eVerye,. Even rf we tske Il music as our tenchmth. we ran the gamut frcvn classical th[0h to modern popular through to experintaI 1h a raThJe ol irtst[uffntat)n frcffj Ihe latest cornpuler sofvare gerated $ournds to da5sical Chinese e¥hu and ppa wth forms rarying from electrontorera (HOME Xl. classical wolin (State-less Publie Pregramrne at Two Tenwle pLal, cbjb, and irKe (fASTEI. spoken electron9 and Chirse dassical (every dollar is a whlprl, diverse 'playlisf IT Re ol Our iivesl, 8rt1I8nt ILKJht Vessell arnj high-profile $inger-songwritefs (Errrny The Greavmui Zyul. As well as mas51V8 dNgfsty of p•rfomant>". hiTrhw llan interacDng frcffi opposrte sides of t pknet, gaminglVR. rap. pretry, parkour. buffon ckjwning, thik1ren's participatK with environrrentsl themes. all rnaTrr ol visual and aural exhibili¢ art. physical perfomiance. drag. UrCS etc featuring uw4ards ol forty artists as wdl 35 panel events talKs. Outreach is abo a comwehensive aspect of ow $rynethV we're ex11lY prcmjd of. Our fi9ur•s sp•ak for them5efves aTrY even the perf0rrnan where our saks were weaker than perhaps expecteLI (Light Vessel) we value as part of a pwcess of embracing fomts re4uirry us io t bokj and expermentsl while also karning Irorn the expern of I0ng the stwy even laThJ v¢ry rN¢l in ¢h¢ mth"ng. Kakilang ConWni%Sfi$ selected three artists via an open call for Kaklang cOrnMs1o8. including Hazel Lam lrnovement art6l, London basel. Emmy ihe Great Isinger-sowriter, London basedl arKI Tobi Poster-su (Puppet atyst. &tol based). Hazel Lam and Emmy the G¥t presented tlir new wi)rks al Kaki9 Fesbval 2023. 80th artists expressed their apprecki1)n for the mmission as a stepchan9ing OPkKJrtunty. Communty Workshops- Findir¥3 (Our) CfeatNe Vfxce 8 Cwtive Lab Findiry Iourl Cred'¥e vCe. an eThtry4evel w0$hOP wrth 18partryants, ha5 f05ter•J Meani1 collaborations. indudin9 Chessie Hsieh directing Eden Jun Wi the prtyed "I'rn Sffj I'm Not Lucy knu." The impacl 6 e¥iLlenl through Mei Lgng L8W'5 ad(nowledwent of Kakilang on her Ir$graM after teing accepted the p1¥3)Us Soho Theatre Writers Group. Creative Lab. a seriès of interdracplinary woths1)ps wnh 70partitspants for arb5ts at any level. has empowered arbsts building 8OnshIpS arTh)n9 themselves as wdl as Kakilang. irtludiw Louiseanne Wong. Kerri¢a, Xiaoyi Warg, Ensem Not Found. Atorn Boi. Horizon Showcase Kakilang's ASSoale Artisfrc Cirector Danpl Y(k Loh represented Kakilart9 in the Horizon process, contributsrg to the a55e5srnents, discus5h?n5, final sec1K)n of arbsts for the shrmcase. 3of17
Kakil•ng Ltd Report of the Trustees Continued For the year ended 31 March 2023 Future Plan$ New Leadership An-Ting Chang, anrounced Ihat sh• was steppry ¢Sywn frorn tho rok ol Artistic fiTodorlCEO in Janvary 2023. Th8 board, after much ¢ons4eralion. opted for a leJership structure Whe a ¢ative prLxILtCerldiEI0r wll woth with the three maining associate ath"sti¢ thire¢icKs to devdop and efiharKe the companys remit at breadth of work, and therefore recruited a new DirectorlCEO. The th"rectorlCEO. Nalahe Chan. has tsken up her appointrnt in September 2023. anos majorrty of the tsam. In¢Ir0 the Assotiate AstiC Di£3 have remai. thefre we are confident thai thgre is strorJ leadership and tearmwork in place to conbnue to drwe KakilaThJ's future plans Kakilang Production5 Kakilang blentifies it5 primary FewTht of prcJwng hi quaity aTKI profilè a8 a way to make an impact in the perforrning arb industry with Easi and S(wth East Agan IESEAI work. In ¢yder kn a¢hieve thi$. the reCtor and the three A$50Uate Artistic DIrecr$ wll each lead one prc#Juction acros5 a tsvo year aTrJ thus woduc four Kakilang Produdions every tsvo years. Kakilang Pro(luctions plaThnad lor 2023-24indLkle the Lrythn pw)we The D) cl th unpreSente(l Bn"ti%h ChiSe Experien (Butterfy Drearnl at Soho atre. tcwring ol Lw CO0n clanato natsonally, arny Th8 Loneso Death of Eng Bunker at the Ornnibus Theatre. Kakilan9 Fe$ival The Thgxl e(lth"on wrfl be Kakilan9 Fesb"val 2025. hek1 Fetnjary tyApn"12025 FINANCIAL REVIEW Re$ult$ The company renwns finanoally souTrJ havirvJ m•Je a $vryAus ts the year of £6.221 12022.. £81.3531 on a tumover of £317.58712Q22.. £279.1411. Tl ¢wpany hJ an a¢oJmulaied Surp1 of £148.87012022." £142.64913t 31$1 March 2023. Primary fuTrJir#J sources The eompany's main source of n¢orne Arts CourKil Er#JlaThJ. Alwtrje lh regulaT supporL the organtsation receive$ income from ticket sales. produthtsry Ino)me. fvndfatsing and donatins. We aChve grÈat fundraising $IesS from lftj$ts and fouthbons in 2022123. provKl1ry bng temi stsbthty fortle e¢mpany. Fundraising and Oonab"o Financially. we xhieved sucress th an irKtyme ex¢ee¢lin9 £322.Cth. Ouf successful funding blls with the John Elkrman Foundatw)n It90.OOOov8f three y8arsl aTrJ the Paul Hamtyn FouThJation It60.OOOo¥er years) lurther strenglhened our rinancial stabilty. Addloaly. ovr prcducton inoTh surpassed £50,OLYJ. cornprisry commiSss. Ferforrnance fees, and box office revenue. The company makes aWicatI directy to srthsors, trusts lourbJab"or6 and potential t))r$, #nd doè5 not use wofes5naI fundraer$. Going roncern HavirrfJ vieWed company'5 performance, rts aTent mseryes ststU5 and Ihe -9m9 5UPPOrt of Arts COU11 England, the Tru$tee$ have no corKems regarding the cornwfs ability to contsnue as a concm. Kakilan9'$ Reserves Policy Ys to accurnulaie and rnaintain a Re5erye FuThJ equal to aFproximately 6month5 running c4$1$, excluding expenclrtU reIe to the Kakilarrfj Festival any other major wojeds le$bfflaled at £50,C4XJI. which wa5 achieved by No¥er 2021 and matald Ihroughout the year 2022r23. The ccfflpany's Reserve Fund toialled £51,800al 31st 2023. 4of17
Kakllang Ltd Report of the Trustees Contlnued For the year ended 31 Alarch 2023 Going concern Having revievd the company's prrn8n, its current reserves ststu$ arhy the on-gc¥n9 SiWWrt of Arts CouncAI England. e TnJstees have no CCem$ regarding the companvs 'Ity to COnUe as a ccffKern. STRUCTURE. GOVER14ANCE AND MAIIAGEMEI Governing do¢urnenl Kakilang Limited Iformerfy Chinese Arts Nrm Limited or CANI was fouThJed in 2r))7. The cA)rnpany became a N8tional Portldio Organisation, receiwng nUal fijnding suky)rt from Arts Couwl Englawkl. ¢)n 1st Apnl 2018. We applied to contnue as an NPO in May 2022. and fec•Ned the ¢JeosTon in November 2022that we have received continued regular ftjfithng for three ye8rs from 1st Aw"12023. Day to day managernent of the company is delegated to a pernanwit l¢am of 5whith w8$ W by An-TiTrJ Chang, Artistic Direclor and Ch1 EXeIVe uth"1 30Jvne 2023. knTing stepped drym in ju 2023. and a new DiredorlCEO, Natalie Chan. was appnted and be9an in Septemtér 2023. the company mounts prcJucti)ns and other aL'vth"es it engages tredartt artists. MaètIng and wtsluth.on stsff on as requi basis. The Organisat is a oynpany limited ty warantee without shwe ¢wi. The guarttee of ¢ompany mÈmters is £1. The company was incorporated on 25January 2CL17aniJ is goVed ty "deS of Assoaation ded 14July 2021. The Company changed ts name to Kakitang Limrted on 13 Odober 2022. Thè company achièved charity statvs n May 2019. Chantable stalus tMII enat4e rt to increase its fijbjo fiJndraisift9 efforts and Is essèntial to 11$ plans to diverty irtome Streams. The registered dwnty numb is". 1183582. Durin9 the year, we wrtssed dwrye5 in ow Board of Cirectfxs. esteemed mtmb5 ts>)dudèd tleir tenure, and we extend our nce appreciats'on to thern for "r Valuab contritsJbon5 Onalty. a delighted to announee that Lai Lw Wong, one of our thgstanth"NJ bwd m•mbers, has sl•pFd up lo assume Ihe ide ol Chair. After the end of the year, wealso wekomtd four new members to the board. hjrthw StngtheNj r team. All TrLths are vduntsers * reVe no b•r.•ffts fr(xTr the n$aliC. Recrultmontnd appolntm•nt of trustees When apprgpriate, KakiL4ng reuuits new Trustees by Mdely promobng the owrtUneS availaNe with a parbrjjlar emphasis on diversity. Trustees are fom)ally appinted by exi5b.ny Trustees. on Ihe bas15 Of skills, knowledge and life experi¢n¢e they bnThJ to Organisation. New Trustees are offered a fijll Ind10 to the Board. d[lirj thsoJsSic the Char and senKJr staff, and provision of relevanl documentation lincjuding Artides. Finartial Slatwnerts, and c(ffipany pdicae51. Attention is drwwn to gvidarK available from Ihe Charity Commis&on. Pay pollcy for Senlor 8tsff Key rnanagement personnel ccnprise the Board of Trustees (all vnpahll, the Arbstic Director/CEO and the 3Asso¢iate ArtIst Directors. Staff remunèrab.on is sel in tr nUal budw in ne *ih inthlsiry slaTrtsrds and the buduwt is reviev+Ed and apsxoveil by the TrLtstees. REFEReNCE AND ADM1141STRATIVE INFOWTION Nam• of Charity Charlty r¢glstratlon number C¢)mpany regi$tralion nurnber Pl11paI addres$ JLtd 1183582 Suile 342. "neD Hall 162-168 R¢gent Street LoTrJon W1B5TE 5of17
Kakilang Ltd Report of the Trustees Continued For the year ended 31 March 2023 TN8tees The Irustees and offirErs Serving thKing the year and since the year eTrJ we as fc41ows'. Mr Hin Yiu Chan Mr Peter ¥15 Hodges Mr Poiuw Chou Ms Jui-Lan Lee Ms Lai Lai Wong Mr Nicmas Jarnes Mfimiams IResigned: 08 Junè 20221 Ms Ernity Wong IResgn8d. 28 S¢ptemLr 20221 MrAndrvw LaureTr2 Smaie IResbJned: 21 N¢)vember 20221 s Ferren Mariah Gipson IRe%gned". 28 September 20221 SeCrry Ms Wlonia Modesta B Independent•xamin•r Caroline ClaThe ACA 66 Hbgh Streèt East Sussex BNT 1XG Appiov•d ll)• Boa ol Tntslees and %gn&J on its bthalf ICI iJ20r MSL i Wong 6of17
Kakllang Ltd Independent Examiners Report to th• Trust$ For the year ended 31 Mar¢h 2023 l port to thè trust8s my exnination ol Ihè acLYU)ts of taritab cfxwany for the year ended 31 Marth 2023. Re5ponslbllltle5 and b3515 of report As the chanty Tiustees. who a atso dire¢iors for the pre$ of ccryony law. we fèsw)sib for the preparation of thè aco)unts in aCraTr¢8 wilh Ihe requirwwts ol Ihe crynpaTr 20C6 Ilhe 2C)6Act'l. Havirwa satisf%d rnysew that th• attounts of tha C¢mpany ar• not wuired to aarted under Part 16 of the 20C6 Act and are eligibk for Mmlependent eXaminatn. I report fft resFeCt of my examinatK*n of your tharty's ac¢tsJnts carried out under sethon 145of the charits Act 2011 Ilhe 2011 Attl. In carryirrfJ out my examinats)n I have folowed the Ch'reclk)r6 giv8n by Charity co[1$90n ver sedKJn 1495llbl ¢Ythe 2011 Ad. Independent examiners statefflent sin the Chan1•b tempany's gross inceme eXded £250.000. your examiner must be a member of a body listed in section 145of the 2011 Act. l Confirm that l am qualffjd to uTrJertak8 the 8xaminat•)n by virtue of my m&mber6hip of Insbtute ofcharterod Accountants in Engknd and Waks. w1ch is of Ihe listed bcojies. I have conyl8ted my examinat. I ccffjfinn that Tro rnatte c3Jme to my attentTh in connection wrth the examinatv)n giving cause to believe that in any man31 $tt l. accounting record5 W8rg not kept in re$Ct oflh8 Company as wuld by setton ofthe 2CQ6 A¢( or 2 the accwnts (k) not ac(y)r4 with those records.. or 3 the acctyjnts do not cornply wrfh the requirements of section 396 of the 26 Act other than ary requinnI tw Ihe accounts give a'true and faic which is noi a matter cmgdered as part of an independent exarninath?n," or 4 the arxounts have not been prepargj In acwdance witti the methojs and prir1pbes ofthe Stsleffleni of Rtrctyrmended Practice for accounting and r8PCrftiry by CharItS apKabkn to thanttes prepariry ac4JxJnts in acCoan with the Finanual Reporting StaThfjard applieaue in the UK aThJ Repuljic of Ir8 IFRS 1021. I have no ¢onc•rn$ and have ¢om• acrc6s nL) other mtss in ThItion ¥rilh Ihe enial)n to wtrich allention shoukd be drawn in this report in order to enable a proFer und8r5tandwy of the a¢ctyJnts to reac. Caroline Clarke A 66 Huh SiTeet Lewes East Sussex BN71XG 7of17
Kakilang Ltd Statement of Financlal Adivitie5 {in¢luding Income and ExpeThdire Account) For year ended 31 March 2023 23 2022 Inctyme and eIents from: Donations and legaaes Charrtable aCtNe$ Inveslw*nts Total 182.735 49.852 85.0 267.735 49.852 243.408 35.730 232.587 8&000 317,$87 279,141 Expenditure on.. Raising fvnds Charitable ad1vitS {17,¢WS1 1231.1x81 1248.1631 117,0951 1294.2711 1311,366) 137,4801 1160,3081 1197,7881 163.2031 163.203) Net irKomelexper¥Jitu R¢con¢iliation ol furKJ5 Total funds Ixought forward T¢ funds rorri•d frTh•rd 115,5761 6,221 81,353 142.649 142.649 61,296 142,649 137.073 21,797 148,870 8of17
Rwstered Number.. sJ6067760 Kakllang Ltd Statement of Flnancial Posltlon A$ at 31 klarch 2023 2023 2022 CVrent assets Debtors Cash 8¢ bank an¢J in 13 11,302 165,494 176.796 127,9261 1,383 145,286 146,649 14,CX)01 Cr•dltors.' amounts falllng fthln on• y•r 14 Net euff•nt 888•ts 148.870 148.870 142,64• 142.649 Total assets less tun•nt liabililles Net amets 148.870 142,649 Thè funds olth• charity Restricted income funds unfèstn.cted incorne lunds 15 21,797 127.073 15 142.649 Totsl funds 148.870 142,849 Fc¢ year ended 31 Mar¢h 2023the company w8$ wbued to eXernpts from audit under section 477of the Companies Act 2006 relating lo small ¢cxnpanie& The mèmbers have not requi thg b) obtain an audrt of ts atL for the yw in questicffl in accordan with section 476. The truste•s acknovApth3e their rsns"1.es oyn*ing wrth IIE requirem•nts of Ihe A¢t wth respect to accountiThJ recrtS and thè preparation of a¢c¢AJnts. These aUnts have accordarv the prowsions apIrab to companies 5ubieci tts thè sma15 companies. regime. The financial slal¢ments were apwo¥ed and aUtn"$ed tr>r IS ty Ihe Board ty) its behalf by: Fls LaL IAL Wons iÉliz1201] 9of17
Kakllang Ltd Notes to the Financial Statements For the year ermled 31 March 2023 1. A¢countlng Poll¢l•8 Basts of accounting The finanoal statements have been wepafed under the hiknica cost conven, ept for investrnents which am IndUd at rnarkel valuè and the rWalUabe of c8n2in fixed assèts aNJ in accordancè with the Charrties SORP IFRS 102}'Acunkn'n9 and Reporting by Chanbes. Ststement of Rectsnmended Pr8¢w apF4icable to chants.es preparirvJ their accounts In accordance wth the FinancMI ReFth"rrfJ SlaThJard applicable in the UK and Republic of Ireland IFRS 1021 lelfeetwe l January 20191.. Finanaal R9)0"n9 siandard 102 tr FYArtial Reporting Slandard apicate in the UK and Republic of Ireland IFRS 1021. and the Companie5 Act 2(K6. Kakilang Ltd meets the ¢Ieffinth"C of a publrc benefit under FRS 102. Assets aThJ liabilibes are recognised 81 historical Cost or Iransacfy"M value unkss 01"$e sted in rekvanl accr¥)n9 note(sl. Golng eortem The financk41 statements are prwed, cern ba%s, urvr the htston.ca cost C4JnventKJn. Funds The charity maintains a general restrthd represents fiJTrJs wi( are eXpendae at Ihe di8uetiM of Ihg trustees in fijrtherance of Ihe obj.ects of the chanty. Such bJnds may t helj in order to finance both wykirBJ c4)ital aTra ital investmeni Designated fur#ls comprise of unrestricted funds that have be set asKle ty ts Trustees try partiLr wrpJses. R&$trT¢ted funds have been prowd•d to the chaiity fc¢ parb"oJlar wrposes. arhl rt is tre Wicy of lh& ty)ard of trustees to ¢ar¥fully monrt¢rf the a1¢011 ol t$¢ furKbs Mi a¢¢¢rdw with the resth"¢bon$ F4•¢ed upj) th•m. There is no lomial pc4icy oftransfer luThls or on the allOcatK of to designated fuTrJs, other than that described above. Incoming r•sour¢•8 Ino)me is recogntsed when the thanty has entthment to the ftKJs, any pthce coThlitions attached to Ihe income have been met, rt is prctsble that Ihe incthme wll be recwed and that the OUnt can te measured lIablY. from govemment aNI otrv grants. ther'ca1, grants or'reverw. grants. 15 recogntseil when1he tharty has entitlemefil tts the tsnd5. ary perf0rrnan nd'on$ attac to ts grants have been met. it is probable that the income will be re1Ved aThl the amount can be rneasur&Y reliabty aThJ is not deferr&J. Rgsources expended Expenditure is recogni5ed orKe there is ¥ legal n$Inb to make a payment to a trmrd party. il is obable that sethement will rewired and the amcwnt oflhe obligation can meagJred reliably. Expenditure is dassifi8d un¢Y8r the fc4bM"n9 acbvty headirvJs". - Costs of raisng lund5 relate to Ihe costs in0Jr ty the dwtable c(fflpY in indwing third parties to make voltary contributions to rt, as well as thè ¢ost of any a"S wlh a lUraisir - Expenditure tharItab actIveS indLths the costs ol Ferfofflian, festivals acb¥lies undertaken to furlher the purposes ofthe chan.ty thw assc>coted SLfPJrt costs . Other expen¢Jture rewesents Ise rtems Th)t fall1 cther heading Debtors Trade and other debtors a reccgnised at the settlement amowrt due after any trade di8cwnt offered. PrepaymÈnts are valued at the amouni yep8 net of any trade dis¢¢wnt$ Ikn. Operating leases Costs of operating l&¥es art charged to Il Statemert of FInajaI ka1vib M a straVJN4l basis over the lease te. 10of17
Kakilang Ltd Noles to the Finan¢ial Statements Contlnued For the year ended 31 Mar¢h 2023 2. I0¢ from don¥tlon$ and 199xIgs UN•stri¢t•d fund5 2023 2022 ft4nd5 Oonation5 received 4.515 4.515 263.220 6.931 rJ1,477 5,000 Grants receNed 178,220 sponS1P$ receiv 18ins 85.OtKI 267.735 243.408 Analy$ls of grant¥ r•¢o1¥8d 2023 2022 Arts Council England Cuftur• R•¢ov•ry Fund Arts Cwncil En9land NPO rewlor lundir#J Arts Council England Proiecl Grant 80gri FoLJndation John Ellemian Foundation 27,400 178.220 22.857 178.220 25,000 30,000 30,000 Paul Hamlyn Foundats)n Westminster Cty Council 3.CK)O 263,220 231,477 3. In¢om• from charltaW• a¢tlvltfj•s 2023 2022 Unrestwlcthd lunds Pmmobon oflho Arts 1me Irom charItat acbvitie$ 49,852 35,730 4. Investmort Incoffle 2023 2022 Bank intsfest re¢*ivat4• 11 of 17
Kakilang Ltd Notes to the Financial Statements Continued For the year end8d 31 March 2023 5. Expernlltufv on genwaiiThJ d¢>naknorts and rt9acr•s 2023 2022 Unrestrf¢ied funds Support costs 17.095 37,480 17,lJ95 37.480 6. Costs of charStsble act1viti by fund typo Restricted lurK15 2023 2022 funds Promotion ofthe A 189.358 41.710 63.203 252,561 41.710 124.241 36.(A7 Support costs 231.068 63.203 294.271 160.308 7. Costs of ¢haritabl• activities by activity ty Actr"vibes urnlert•ken di Support 2023 2022 Support costs PromotKsn of the Arts 252.1 41.710 294,271 160,308 8. Anatys15 of sUPrrt CO81$ Rar8iThJ promln of the Arts 2023 2022 Staff Costs 17,095 17,095 6.308 41,275 2,115 Bank chaf9es and sundry arNJ irrecoverable VAT 6,308 Premises Costs 2.272 22.359 2.272 22,359 2,399 16.730 bsite, marketirg & pronWion Conferen, Evenls and Training Offit Costs 2.729 2.729 1,218 5.447 1,213 5.447 1.213 Legal & Professional Fees GovernarKe costs 4,041 1.382 1.382 1.823 17,095 41.710 58,805 73.547 12of17
Kakilang Ltd Notes to the Financial Slalements Continued For the year ended 31 March 2023 9. Net In¢Omrf(¢xpg1ItUl} for the year ststed after ¢hargirwlcIrt1ngl. 2023 2022 Accountancy fees Staff pensicffj contribjtions 1,2C6 2,457 1,800 1,596 10. Staff Costs em019rt5 Tolal staff costs lor ihe y&ar ended 31 Marth 20rJ r8.' 2023 2022 S81aries and w¥9es Social secLrrity costs Pensron costs 125.630 5.565 2.457 109,145 1,862 1,596 133,652 111603 No employee eamed mcrfe than £60.CO) dutry Ihe year12022'. nil). The total enwoyee berefits inc4udirvJ pension o)ntrlxth"ons ofthe key manwJerren¢ Fersonnd were £96,959. 2023 2022 Staff and Man4err¢nt 11. Tte• remuneration and relatsd party trans¥tior The thavty Irustse5 were not paid or receN8d any other benefits frorn employment wth the charity in th8 year12022. No charity tws18e rgc8ived payent ts wofe$5wal orolher swvic85 suppw tg the tharity12022.' £nill. Twstees. exFenses presents the paynt c nbur$enrt of Ira4el arAY Subsisten costs t¢)tallry £nil 12022".£nill. There a no {Jonatio from related part5 whith ar8 OU15K the normal mJr5e of Chanty's busire5s ar¥J no restrKled dona9 from rateil paries. 130117
Kakilang Ltd Notes to the Financial Statements Continued For the year ended 31 IAarch 2023 12. Cmiparativeforthe Statement of Finan1 A¢iiY*s Restrlcied funds 2022 fvnd$ Incamo and end0¥fflnts from: DonatlOn5 and legao85 Charilable acii¥iti85 190.151 35.730 53,257 243.408 35,730 Inveslrnents Tolal 225.884 53.257 279,141 Expenditure gn: Raising funds Charitable acbwtiès P4.0801 1120.4511 1144.5311 113.41XJI {39.8571 153.2571 137.4801 1160,3081 1197,7881 Totsi Net 1cl¢l0xpOThSilW9 R•concllla¢i¢)n of lunds Total funds browhl forward Tolal fvnts carrfed forward 81.353 81.353 61.2 61,296 142.649 142,645 13. Debto 2023 2022 Amounts du• after mor• than orwyear Trade debtois PpaYMe9 and accnjed income 10,702 763 600 11.302 1,363 1& Cyodllors: amounls fallln9 rkn7•1thin one year 2023 2022 Trade creditors 20,647 1,579 5.700 553 Other credrtors 1,653 1,794 Accruals and defer¥8d IT1 27.926 4,000 14of17
Kakilang Ltd Notes to the Flnancial Statements Conllnued For the year ended 31 March 2023 15. Mov¢m•nl in fvnd Unre5twlcted Funds Balance at IncomlwwJ Outgtiing Balan¢• at 3110312023 0110W2022 General General 142.649 232.587 1248.1631 127,073 142,649 232.587 1248.1631 127.073 Unrestrted Fub. Pre¥ityJs ye In¢fmlng Outwng Balance at r•sourG•$ 3110312022 0110412021 G8n8r81 General 612 225,884 1144.531) 142.649 61.296 225.884 1144,531) 142,649 Purpose d unrestylcted Funds General Unrestrtc¢ed ld$ afe dort$ and other in¢crfniNJ rtsources ¢tryed orwrnied lhe charita purposes. Restried Funds Incomir Outgoing Balaneo ai 3110312023 Restrided FuTh4s 8S.OLX) 163.2031 21,797 85.OOD 163,2031 21.797 15of17
Kakilang Lld Notes to tho Financial SLilements CoTrtlnued For the year ended 31 March 2023 Restrlcted FuThJs- Prevlous ye IrK¢mitYJ OutgoiThJ r•sow¢e$ 8•lance at 3110312022 Arts CourKil England CultUTe Recovery Fund 27.4Tr) 127.4001 Arts Counol Engnd Project Grant strninsier City Council Ward 22,857 122.8571 13,0001 53.257 153,2571 Restricted Fund5 RestriLled fwd5 are srna4 grant5 and donat)rts from various Tw$ts anL1 Foundatv)n$ tthvard tN• eosts ¢1 CAN Festival and other performance5 and tu#rds ihe salary costs of key managenwl pewlnnel. Arts Counul Eng&nd Project Grant Fund for the costs ofCAN Fesb"val 2021 ResthrKy arKI Nab"onal De¥eknl PLan. Arts Counol En9lan¢ culv Remry Fund Fund f¢xfor awJlen de%lopfint Imathetiry Costs) & resewves t4.g. Westminster City Councal Ward Fumd for the 4eVe1cfvftI of Awjnwted Chinattrn as w•U as a$slated work5hoF6. 16. Anatysls of nèt assets tt¥w8n lund Il•tA$tr 4$8ets i {Ilabilities1 unre9tried fvnds General 127,073 127,073 Restrl¢tedfun Restri¢XI Funds 21,797 21,797 148,870 148.870 16of17
Kakilang Ltd Notss to the Financial Statements Continued For the year ended 31 Mafch 2023 Prwlous year Net CUttOllt *ets Ill•bllities etAts Unrestricted funds Genèral Genetal 142.649 142.649 Re$¢rlc¢gd funds 142.649 142.649 17of17