## **Trustees’ Annual Report for the period**
**From: 26 April 2021 To: 26 October 2022 Charity name: Mandala Theatre Company CIO**
## **Charity registration number: 1194229**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|For the public benefit, the advancement of
education in the arts in Oxford, and the
surrounding area, in particular, but not
exclusively through the creation and
performance of theatreproductions.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|Since the end of April 2021 to the end of
October 2022 Mandala has been focused on
delivering activities in relation to our
Professional Programme and Creative Learning
Programme.
**The Professional Programme**has involved two
large projects for Mandala Theatre Company,
involving Research and Development through
creative workshops with young people,
Rehearsed Readings and full productions
followed by panel discussions and Q&A’s all for
the public benefit locally and nationally. The
focus for these projects has been school
exclusion and criminal exploitation and the
consequences and causes of this. Boys and
Young men’s mental health in relation to
masculinity and the expectations of society of
young men. We have run creative workshops in
schools, colleges. Pupil Referral Units,
universities, and youth groups, locally in
Oxfordshire and nationally. The Rehearsed
Readings and full productions have toured
nationally with local panellists and creative
workshops exploring the themes of each project.
**The Creative Learning Programme**has involved
Training workshops with young people cared for
by the state, young people seeking Asylum and
Refugees, Mandala Young Company – which
especially involves young people from Ethnically
diverse and White working-class backgrounds.
These projects mainly happen locally for the
young people who arepart of our community|
|||and from some of the most disadvantaged
backgrounds. Young people from Oxfordshire
County Council’s Children in Care Council
devised, wrote, and performed a fictional film
exploring what life is like growing up in care and
it was screened as a red-carpet event at local
cinema The Ultimate Picture Palace in Oxford.
Young people seeking Asylum and refugees
alongside other local young people were part of
the international ’Walk with Amal’ project, co-
ordinated by Good Chance Theatre and in
Oxford - The Story Museum.
**Mandala Young Company**many of whom want
to work professionally in theatre, were fortunate
to be involved in several international exchanges
two of which were funded by the British Council.
Both working with Ashtar Theatre, Ramallah – a
Digital and Live Festival which the young people
planned collaboratively online and live in
Ramallah and Oxford simultaneously – this was
‘Artivism’ in July 2021. Part two of this
connection was the young people planning
‘ULTRA ART’ an international youth theatre
festival in Ramallah in July 2022, with Mandala
Young Company flying out to join the Ashtar
young people in Ramallah for 10 days. The
Young Company were also lucky to go to another
exchange in Paris through Insight Share with
Alter Natives and a focus on the decolonisation
of museum artefacts creating a theatre piece
based on their research and creative writing in
July 2022. Finally in October 2022 – Mandala
Young Company went on a 3rdinternational
exchange to Grenoble with CREARC – focusing
on how they see themselves as young people,
using the myth of Narcissus as a starting point to
create their own performance which they
devised and wrote. This project will be the basis
of an international exchange at the Rencontre
Festival in Grenoble in July 2023 – which
Mandala will attend, funding permitted.
Grenoble and Ramallah are both Oxford’s twin
cities, and these connections benefit the young
people in all 3 cities.|
|---|---|---|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Mandala Theatre Company Trustees have taken
on the guidance to operate the charity in
accordance with charity law and the charity’s
purpose. We ‘have regard’ for the Charity
commission's public benefit guidance which
means:
• we are aware of the guidance
• we have taken it into account when making
decisions to which the guidance is relevant
• if we decide to depart from the guidance, we
will havegood reasons for doingso|
**Additional information (optional)** You may choose to include further statements where relevant about: SORP reference N/A Para 1.38 Policy on grant making N/A Para 1.38 Policy on social investment including program related investment **N/A** Para 1.38 Contribution made by volunteers Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|There have been many achievements for
Mandala Theatre Company over the last 18
months, where the work of the charity has made
a difference to young people’s lives especially
but also to society.
These include:
*‘**Though this be Madness’ Tour**(TTBM)
(September 2021) young people (many from
Black, Asian, ethnically diverse, and lower socio-
economic backgrounds) in 9 towns/ cities across
the country visited their local theatre or had
theatre productions brought to their schools,
colleges or PRU’s, took part in discussions
around issues focused on school exclusion, gang
grooming and criminal exploitation and had their
voices heard.
***Artivism and ULTRA ART**Youth Theatre
Festivals July 2021 & 2022, enabled an artistic
celebration, a human sharing, an eye-opening
experience for participants, artists, and
audiences. It also allowed a creative dialogue
between young people and professional
mentors, for the development of creative
connection and collaborations.
**_“The best thing about Artivism is, that it_**
**_openedyour eyes to theparts of the world that_**|
_**you don’t see every day. We learnt so much about other people’s cultures and heard the stories they have experienced. On top of that we got to produce a piece of art that is based around all of those experiences. It was truly beautiful.”**_ Mandala Theatre Company participant, age 21 ***‘Breaking the Shell’-** a film written and performed by young people from Oxfordshire County Council’s Virtual School, Children in Care Council – the young people involved in this project have all grown up in the care system, their creativity, honesty, and dedication to making this film to make a difference for children growing up in care now and in the future. They presented the film and spoke in panel discussions with social workers and Senior leaders in the county council, making suggestions, giving advice on how the system can be improved. This is an ongoing resource, and the young people were shortlisted for an Oxfordshire Youth Award for their creativity.
## **Additional information (optional)** You may choose to include further statements where relevant about:
||Achievements against
objectives set|Para 1.41|The achievements Mandala has made in relation
to the objectives set are:
The advancement of education in the arts in
Oxford, and the surrounding area:
1) Creative workshops with young people in
the Care Council over 3 terms Autumn
2021/ Spring and Summer 2022 – creating
of a film that they wrote and performed in.
2) 4 months of creative workshops in local
schools with young people in danger of
being excluded from school, as well as
working with young people in
Meadowbrook PRU on the causes and
consequences of school exclusion. They also
watched the Rehearsed Reading of the play
and fed back on what they felt about the
story.
3) Young people seeking asylum and refugees
involved in creating performances as part of
the ‘Walk with Amal’ project in Oxford,
highlighting and celebrating young people
who are refugees and what they bring to
their communities in the UK.
4) Mandala Young Company learning creative
and theatre skills andperforming‘Blood Oil’||
|---|---|---|---|---|
|||by Sean Burn, and ‘Rhinoceros’ by Eugene
Ionesco to international audiences online
and locally as part of the Offbeat Festival in
Oxford. Exploring themes about war and
displacement, and conformity,
manipulation, and freedom of expression.
5) Professional performances of ‘Though this
be Madness’ by Avaes Mohammad
exploring the causes and consequences of
school exclusion to schools and theatre
audiences in Oxfordshire and nationally.
6) Workshops and Rehearsed Readings with
young people, especially boys and young
men exploring themes of masculinity and
young men’s mental health and
contributing to the creation of the play
‘MAD(E)’ by Sean Burn, ready for a national
tour in Spring 2023.|
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41|Mandala’s Fundraising activities have involved a
huge amount of partnership working, especially
with Education establishments, including:
*Funding from Oxford University through their
Humanities Cultural programme and The Oxford
Research Centre in the Humanities (TORCH)
*Oxford Brookes University through their
Central Research Fund
*Local authority funding through Oxford Cultural
Education Partnership (OXCEP) and Oxfordshire
County Council Virtual School
*Partnerships with Activate Learning (College of
Further Education) and Oxfordshire Youth are
enabling joint funding bids to Trusts and
Foundations and are helping to give us a wider
reach.
*Recently the British Council has supported our
international collaborations and made the
exchanges for young people possible.
*We are also achieving funding from Trusts and
Foundations including the Blagrave Trust
enabling us to involve young people in the
development of our Digital Strategy
We continue to be successful with regard to Arts
Council Englandproject fundingwhich has|
|||supported the work since 2016|
|---|---|---|
|Investment performance
against objectives|Para 1.41|**N/A**|
|Other|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|The Charity remains financially secure, as so
much as we can be within the arts and current
external circumstances. We continue to develop
strong partnership working, which is often
combined with securing funding. The company is
now using an accounts package linked to the
bank account which provides better tracking and
reconciliation of income and expenditure, profit
and loss and is familiar with the accountants
delivering the audit.
We manage financial resources well and spend
within our means. There are sometimes short-
term issues of cashflow which arise from the
nature of project funding when secured grants
are paid in instalments.
We are in a healthy financial position of setting
aside a reserve (with a reserves policy (see
below)
We were successful with a three-year funding
bid to Arts Council England as one of their
National Portfolio Organisations which will
provide core funding to Mandala from April
2023 to 2026. This will enable the company to
plan with greater confidence and security.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Within the current Business Plan, Mandala has
developed its reserves from a zero-standstill
position so that unrestricted funds are sufficient
to:
•
Cover the notice period of staff
(3 months minimum)
•
Terminate or cover other
contractual obligations in case
of closure
•
Provide funds to cover any legal
costs of closure
In recognition of Mandala’s growth, assets and
equipment we will expand our Reserves to
ensure equipment and assets can be purchased
to enable the organisation to function
professionally and a programming fund set up to
enable the organisation to seed and produce
new work, often before funding is secured or to
be used as match-funding for securing additional
grants. The Reserves Policy therefore contains 2
new areas:
•
Asset and Equipment
Replacement
•
Programmingand Programme|
|||Development
**Reserves Accounting Year 2021/22 following**
**audit November 2022.**|
|---|---|---|
|Amount of reserves held|Para 1.22|**£38,142**|
|Reasons for holding zero
reserves|Para 1.22|**N/A**|
|Details of fund materially in
deficit|Para 1.24|**N/A**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**N/A**|
|**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:|
|---|---|---|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|The Charity’s principal sources of funding are:
Grants from Arts Council England, British
Council, Trusts and Foundations, Local authority,
Earned Income from performances and
workshops, Private donations|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**N/A**|
|A description of the principal
risks facing the charity|Para 1.46|The principal risks facing the charity are:
**1: Financial:**Artistically we’re growing
and developing but to become
sustainable, the company needs core
funding and to secure an
administrator, fundraiser, and
Outreach post.
_Risk:_Wellbeing of Artistic Director with
no core funding or permanent member
of the team. Artistic Director is working
long hours and without proper
remuneration.
_Mitigate:_We are aiming for longer
term funding, through an application
for NPO funding from ACE (successful
for 2023-2026) and other funders for
core funding. More of the Trusts and
Foundations are supporting us and we
hope to build on this and apply for
further longer-term funding.
2:**Earned Income:**from Box Office or|
charging workshop fees is very precarious for Mandala’s work. To reach the diverse audiences we want to, it is a very difficult challenge and balancing act with the need to raise Earned Income, while trying to access new and diverse audiences. _Risk:_ Unpredictable nature of earning income. For the Audiences we want to work with, theatre is not part of their cultural spend and the pandemic and cost-of-living crisis has further cemented this. _Mitigate:_ The nature of the pathways we are trying to establish for Ethnically diverse and those from lower socioeconomic backgrounds do have financial implications. **3: Lack of a Permanent base:** short term leases, space to build and make work, storage (not being able to recycle and reuse etc). These result in increased costs and less ability to be more sustainable, which is something we are working on. We are hoping that once Oxfordshire Youth has a new base we will have access to more of the space we need.
Other
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed,royal charter)|Para 1.25|Constitution and registration with the Charity
Commission|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|APPOINTMENT OF CHARITY TRUSTEES
1)Apart from the first charity trustees, every
appointed trustee must be appointed for a term
of three years by a resolution passed at a
properly convened meeting of the charity
trustees.
2) In selecting individuals for appointment as
appointed charity trustees, the charity trustees
must have regard to the skills, knowledge and
experience needed for the effective
administration of the CIO.|
|**Additional information (optional)**
You may choose to include further statements|**Additional information (optional)**
You may choose to include further statements|where relevant about:|
|---|---|---|
|Policies and procedures
adopted for the induction and
training of trustees|Para 1.51|INFORMATION FOR NEW CHARITY TRUSTEES
The charity trustees will make available to each
new charity trustee, on or before his or her first
appointment:
(a) The Trustee Pack
(b) A copy of the current version of the
constitution.
(c)A copy of the CIO's latest Trustees' Annual
Report and statement of accounts.
(d) Charity Commission Guidance on:
Public benefit: runninga charity (PB2)|
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The Founder and Artistic Director of Mandala
Theatre Company has been employed and
tasked by the Trustees to run the day-to-day
activities of the charity. She is tasked with
reporting back to the Board of Trustees four
times per year on both the business and finances
of the charity, including at the AGM where the
financial accounts are presented by the Charity’s
accountants - SPX Accountants,Oxford.|
|Relationship with any related
parties|Para 1.51|Mandala Theatre Company is resident company
at Oxfordshire Youth - this relationship has a
MOU which is mainly there to support
partnership funding applications, joint projects
and eventually providing a base for the charity.
The two organisations function completely
separatelyin terms ofgovernance.|
|Other|||
## **Reference and Administrative details**
Charity name Mandala Theatre Company CIO Other name the charity uses Mandala Theatre Company Registered charity number 1194229 Charity’s principal address 88, Crescent Road, Oxford OX4 2PD
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Beverley Harry|Interim Chair|April 26 2021|Advisory Board and Directors
of Mandala Theatre Company
CIC|
||Rabyah Khan|Treasurer|April 26 2021|Advisory Board and Directors
of Mandala Theatre Company
CIC|
||Adanna Onuekwusi|Trustee|January17 2022|BeverleyHarry (Interim Chair)|
||Dina Desai|Trustee|January17 2022|BeverleyHarry (Interim Chair)|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
– Corporate trustees names of the directors at the date the report was approved
**Director name N/A**
Name of trustees holding title to property belonging to the charity
|**Trustee name**|**Dates acted if not for whole year**||
|---|---|---|
|**N/A**|||
||||
||||
||||
||||
||||
## **Funds held as custodian trustees on behalf of others**
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
**Name of chief executive or names of senior staff members (Optional information)** Yasmin Sidhwa (Artistic Director and CEO)
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|||
|---|---|---|
||Beverley Harry||
||
Interim Chair||
||17/11/2022||
||17/11/2022||
## **MANDALA THEATRE COMPANY CIO**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE PERIOD ENDED 31 MARCH 2022**
Charity Number: 1194229 (England and Wales)
**MANDALA THEATRE COMPANY CIO**
## **UNAUDITED FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
|**CONTENTS**|**PAGE**|
|---|---|
|General information|2|
|Responsibilities of the Trustees|3|
|Independent Examiner’s report to the members|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the financial statements|7-15|
Charity number: 1194229 1
## **MANDALA THEATRE COMPANY CIO**
## **GENERAL INFORMATION**
Registered charity name MANDALA THEATRE COMPANY CIO Charity number 1194229 Principal & registered office address 88 Crescent Road Oxford Oxfordshire OX4 2PD Trustees Beverley Harry Adanna Onuekwusi Dina Desai Rabyah Khan Accountants SPX Oxford Ltd Peace House 19 Paradise Street Oxford OX1 1LD Independent examiner Sheila Parry FCCA Bankers The Co-operative Bank P.O. Box 250, Delf House Southway, Skelmersdale WN8 6WT
Charity number: 1194229 2
## **MANDALA THEATRE COMPANY CIO**
## **RESPONSIBILITIES OF THE TRUSTEES**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.
Charity Law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **INDEPENDENT EXAMINATION**
The nominated independent examiner will be considered by trustees for re-appointment for the ensuing year.
Signed on behalf of the trustees
Beverley Harry Interim Chair of the Trustees
Date …17/11/2022………………………….
Charity number: 1194229 3
## **MANDALA THEATRE COMPANY CIO**
## **INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
I report on the accounts of the Charity for the period ended 31 March 2022, which are set out in pages 5 - 12
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees you are responsible for the preparation of the accounts; you consider that the audit requirements of s144(2) of the Charities Act 2011 (the 2011 Act) does not apply and that an Independent Examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Certified Chartered Accountants. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under s145 of the 2011 Act, whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
An examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts.
## **Independent examiner’s statement**
In the course of my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with s130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act.
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Sheila Parry FCCA
Date……19 December 2022………………………………….
Charity number: 1194229 4
## **MANDALA THEATRE COMPANY CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
|**Notes**
**Income from:**
Donations and legacies
3
Charitable activities
4
Transfer of funds From
Old Organisation
**Total income**
**Expenditure on:**
Raising funds
5
Charitable activities
6
**Total expenditure**
**Net income / -expenditure**
**Transfers between**
**funds**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forwards
**Total funds carried forward**|**Unrestricted**
**Funds**
**£**
5,000
1,805
95,443
102,248
333
57,875
58,209
44,040
- 5,898
38,142
-
38,142|**Restricted**
**Funds**
**£**
-
134,561
39,281
173,842
36
119,449
119,485
54,357
5,898
60,255
-
60,255|**Total**
**2022**
**£**
5,000
136,366
134,724|
|---|---|---|---|
||||276,090|
||||369
177,325|
||||177,694|
||||98,396
-|
||||98,396|
||||-|
||||98,396|
The Statement of Financial Activities includes all gains and losses in the period and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
Charity number: 1194229 5
## **MANDALA THEATRE COMPANY CIO**
## **BALANCE SHEET**
## **AS AT 31 MARCH 2022**
|**Notes**
**FIXED ASSETS**
Tangible Assets
11
**CURRENT ASSETS**
Debtors
12
Cash at bank
**CREDITORS:**Amounts falling due within
one year
13
**NET CURRENT ASSETS**
**CREDITORS:**Amounts falling due after
more than one year
14
**NET ASSETS**
**FUNDS**
**INCOME FUNDS**
Unrestricted Income funds
15
Restricted Income funds
16
**TOTAL INCOME FUNDS**|**2022**
**£**
**£**
-
-
5,625
164,857
170,482
- 72,086
98,396
-
98,396
38,142
60,254
98,396|**2022**
**£**
**£**
-
-
5,625
164,857
170,482
- 72,086
98,396
-
98,396
38,142
60,254
98,396|
|---|---|---|
|||98,396|
|||38,142
60,254|
|||98,396|
For the period ended 31 March 2022, the charity was entitled to exemption from audit under section 145 of the Charities Act 2011.
Trustees responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 145; and
- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements were approved by the members of the committee and authorised for issue on 21st November 2022 and are signed on their behalf by:
Beverley Harry Interim Chair of the Trustees
Charity number: 1194229 6
**MANDALA THEATRE COMPANY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **1. ORGANISATION STATUS**
MANDALA THEATRE COMPANY CIO is a Charitable Incorporated Organisation.
The assets and liabilities of the previous unincorporated organisation were transferred to the new CIO on 26 April 2021 when the old charity was wound up.
## **2. ACCOUNTING POLICIES**
## **Basis of accounting**
The charity constitutes a public benefit entity as defined by FRS102.
These financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards and the requirements of the Statements of Recommended Practice 2015 (SORP 2015), ‘Accounting and Reporting by Charities’, issued by the Charities Commission and the Companies Act 2006, with FRS102, update bulletin 1.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed.
## **Income**
All income is included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
## **Investment income and interest receivable**
Income from investments and deposit interest is included in the statement of financial activities when it becomes receivable. Investment income is included gross of recoverable taxation.
## **Expenditure**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure represents amounts invoiced, including value added tax.
## **Fixed assets**
Fixed assets (excluding investments) are stated at cost less accumulated depreciation. All assets costing £500 or more are capitalised and valued at historical cost.
Charity number: 1194229 7
## **MANDALA THEATRE COMPANY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **Depreciation**
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office furniture – 20% straight line
- Computer equipment – 33% straight line
## **Taxation**
The Charity is exempt from corporation tax on its charitable activities.
## **3. INCOME FROM DONATIONS AND LEGACIES**
|**Unrestricted**
**Restricted**
**£**
**£**
Donation
5,000
-
5,000
-
**. INCOME FROM CHARITABLE ACTIVITIES**
**Unrestricted**
**Restricted**
**£**
**£**
Earned Income
405
30,043
Grants - Core funding
400
5,000
Grants - Project
funding
-
99,518
Trusts & Foundations
1,000
-
1,805
134,561|**Total Funds**
**2022**
**£**
5,000|
|---|---|
||5,000|
||**Total Funds**
**2022**
**£**
30,448
5,400
99,518
1,000
136,366|
## **4. INCOME FROM CHARITABLE ACTIVITIES**
Charity number: 1194229 8
## **MANDALA THEATRE COMPANY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022 (continued)**
|**5. EXPENDITURE ON RAISING FUNDS**
**Unrestricted**
**£**
Fundraising costs
333
333
**6. EXPENDITURE ON CHARITABLE ACTIVITIES**
**Unrestricted**
**£**
Staff costs
42,257
Professional fees
14,905
Office and travel costs
457
Professional Programme
202
Creative Learning
Programme
55
57,875
**7. GOVERNANCE COSTS**
**Total**
**2022**
**£**
Trustee expenses
-
Meeting expenses
-
Independent examination
200
200|**Restricted**
**£**
36
36
**Restricted**
**£**
16,163
-
1,703
71,803
29,781
119,449|**Total Funds**
**2022**
**£**
369|
|---|---|---|
|||369|
|||**Total Funds**
**2022**
**£**
58,419
14,905
2,160
72,005
29,836|
|||177,325|
||||
Charity number: 1194229 9
## **MANDALA THEATRE COMPANY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022 (continued)**
## **8. ANALYSIS OF STAFF COSTS**
|**. ANALYSIS OF STAFF COSTS**||
|---|---|
|Gross salaries
Employer's NIC
Employer's pension|**2022**
**£**
58,419
-
-|
||58,419|
None of the employees of the charity earned £60,000 or more during the period ended 31 March 2022 The average number of employees during the period was 1. All employees are involved in the provision of the charity’s objectives.
## **9. DEBTORS**
|Trade debtors
Other debtors
Prepayments|**2022**
**£**
5,625
-
-|
|---|---|
||5,625|
## **10. CREDITORS**
|Income in Advance
Accruals|**2022**
**£**
52,832
19,255|
|---|---|
||72,086|
Charity number: 1194229 10
## **MANDALA THEATRE COMPANY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022 (continued)**
## **11. Movement in funds**
||**Balance at 1**
**April 2021**|**Income**|**Expenditure**|**Transfers**|**Balance at 31**
**March 2022**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted funds**||||||
|General|-|102,248|58,209|- 5,898|38,142|
|**Restricted funds**||||||
|AMAL|-|2,921|1,148|-|1,773|
|ARTVSM|-|38,443|16,813|-|21,629|
|CRE TRA|-|60,364|24,934|-|35,430|
|KNL EXCH & TTBM|-|69,489|73,152|3,663|-|
|MAD(E)|-|2,625|1,203|-|1,422|
|PIPE|-|-|2,235|2,235|-|
|**Restricted funds**|-|173,841|119,484|5,898|60,255|
||-|276,089|177,693|-|98,396|
**‘Walk with AMAL’** project is part of the Creative Learning Programme
**ARTIVISM** is the International Digital and Live Festival that was part of our Creative Learning Programme **CREATIVE TRANING** is the various workshops and courses we run in addition to the above
**PIPELINE** is the Research and Development element of TTBM (see below) – professional programme **KNOWLEDGE EXCHANGE** & ‘Though This Be Madness’ (TTBM) are part of the professional programme – touring the production and a conference
**MAD(E)** R&D is the Research and Development element of our new professional project
## **12. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible fixed assets
Current assets
Creditors due within 1
year
**Net assets**|**Unrestricted**
**funds**
**£**
-
110,227
- 72,086
38,141|**Restricted**
**funds**
**£**
-
60,255
-
60,255|**Total 2022**
**£**
-
170,482
- 72,086|
|---|---|---|---|
||||98,396|
Charity number: 1194229 11
## **MANDALA THEATRE COMPANY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022 (continued)**
## **13. TRUSTEE REMUNERATION, KEY MANAGEMENT PERSONNEL AND RELATED PARTY TRANSACTIONS**
No member of the board of trustees received any remuneration for the role as trustee during the year.
No trustees were reimbursed for travel expenses during the year.
The Key Management Personnel comprise the Trustees. There were no other related party transactions.
Charity number: 1194229 12
## **MANDALA THEATRE COMPANY CIO**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE PERIOD ENDED 31 MARCH 2022**
Charity Number: 1194229 (England and Wales)
**MANDALA THEATRE COMPANY CIO**
## **UNAUDITED FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
|**CONTENTS**|**PAGE**|
|---|---|
|General information|2|
|Responsibilities of the Trustees|3|
|Independent Examiner’s report to the members|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the financial statements|7-15|
Charity number: 1194229 1
## **MANDALA THEATRE COMPANY CIO**
## **GENERAL INFORMATION**
Registered charity name MANDALA THEATRE COMPANY CIO Charity number 1194229 Principal & registered office address 88 Crescent Road Oxford Oxfordshire OX4 2PD Trustees Beverley Harry Adanna Onuekwusi Dina Desai Rabyah Khan Accountants SPX Oxford Ltd Peace House 19 Paradise Street Oxford OX1 1LD Independent examiner Sheila Parry FCCA Bankers The Co-operative Bank P.O. Box 250, Delf House Southway, Skelmersdale WN8 6WT
Charity number: 1194229 2
## **MANDALA THEATRE COMPANY CIO**
## **RESPONSIBILITIES OF THE TRUSTEES**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.
Charity Law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **INDEPENDENT EXAMINATION**
The nominated independent examiner will be considered by trustees for re-appointment for the ensuing year.
Signed on behalf of the trustees
Beverley Harry Interim Chair of the Trustees
Date …17/11/2022………………………….
Charity number: 1194229 3
## **MANDALA THEATRE COMPANY CIO**
## **INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
I report on the accounts of the Charity for the period ended 31 March 2022, which are set out in pages 5 - 12
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees you are responsible for the preparation of the accounts; you consider that the audit requirements of s144(2) of the Charities Act 2011 (the 2011 Act) does not apply and that an Independent Examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Certified Chartered Accountants. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under s145 of the 2011 Act, whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
An examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts.
## **Independent examiner’s statement**
In the course of my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with s130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act.
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Sheila Parry FCCA
Date……19 December 2022………………………………….
Charity number: 1194229 4
## **MANDALA THEATRE COMPANY CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
|**Notes**
**Income from:**
Donations and legacies
3
Charitable activities
4
Transfer of funds From
Old Organisation
**Total income**
**Expenditure on:**
Raising funds
5
Charitable activities
6
**Total expenditure**
**Net income / -expenditure**
**Transfers between**
**funds**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forwards
**Total funds carried forward**|**Unrestricted**
**Funds**
**£**
5,000
1,805
95,443
102,248
333
57,875
58,209
44,040
- 5,898
38,142
-
38,142|**Restricted**
**Funds**
**£**
-
134,561
39,281
173,842
36
119,449
119,485
54,357
5,898
60,255
-
60,255|**Total**
**2022**
**£**
5,000
136,366
134,724|
|---|---|---|---|
||||276,090|
||||369
177,325|
||||177,694|
||||98,396
-|
||||98,396|
||||-|
||||98,396|
The Statement of Financial Activities includes all gains and losses in the period and therefore a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 7 to 12 form part of these financial statements.
Charity number: 1194229 5
## **MANDALA THEATRE COMPANY CIO**
## **BALANCE SHEET**
## **AS AT 31 MARCH 2022**
|**Notes**
**FIXED ASSETS**
Tangible Assets
11
**CURRENT ASSETS**
Debtors
12
Cash at bank
**CREDITORS:**Amounts falling due within
one year
13
**NET CURRENT ASSETS**
**CREDITORS:**Amounts falling due after
more than one year
14
**NET ASSETS**
**FUNDS**
**INCOME FUNDS**
Unrestricted Income funds
15
Restricted Income funds
16
**TOTAL INCOME FUNDS**|**2022**
**£**
**£**
-
-
5,625
164,857
170,482
- 72,086
98,396
-
98,396
38,142
60,254
98,396|**2022**
**£**
**£**
-
-
5,625
164,857
170,482
- 72,086
98,396
-
98,396
38,142
60,254
98,396|
|---|---|---|
|||98,396|
|||38,142
60,254|
|||98,396|
For the period ended 31 March 2022, the charity was entitled to exemption from audit under section 145 of the Charities Act 2011.
Trustees responsibilities:
- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 145; and
- The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements were approved by the members of the committee and authorised for issue on 21st November 2022 and are signed on their behalf by:
Beverley Harry Interim Chair of the Trustees
Charity number: 1194229 6
**MANDALA THEATRE COMPANY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **1. ORGANISATION STATUS**
MANDALA THEATRE COMPANY CIO is a Charitable Incorporated Organisation.
The assets and liabilities of the previous unincorporated organisation were transferred to the new CIO on 26 April 2021 when the old charity was wound up.
## **2. ACCOUNTING POLICIES**
## **Basis of accounting**
The charity constitutes a public benefit entity as defined by FRS102.
These financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards and the requirements of the Statements of Recommended Practice 2015 (SORP 2015), ‘Accounting and Reporting by Charities’, issued by the Charities Commission and the Companies Act 2006, with FRS102, update bulletin 1.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed.
## **Income**
All income is included in the statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
## **Investment income and interest receivable**
Income from investments and deposit interest is included in the statement of financial activities when it becomes receivable. Investment income is included gross of recoverable taxation.
## **Expenditure**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure represents amounts invoiced, including value added tax.
## **Fixed assets**
Fixed assets (excluding investments) are stated at cost less accumulated depreciation. All assets costing £500 or more are capitalised and valued at historical cost.
Charity number: 1194229 7
## **MANDALA THEATRE COMPANY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022**
## **Depreciation**
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office furniture – 20% straight line
- Computer equipment – 33% straight line
## **Taxation**
The Charity is exempt from corporation tax on its charitable activities.
## **3. INCOME FROM DONATIONS AND LEGACIES**
|**Unrestricted**
**Restricted**
**£**
**£**
Donation
5,000
-
5,000
-
**. INCOME FROM CHARITABLE ACTIVITIES**
**Unrestricted**
**Restricted**
**£**
**£**
Earned Income
405
30,043
Grants - Core funding
400
5,000
Grants - Project
funding
-
99,518
Trusts & Foundations
1,000
-
1,805
134,561|**Total Funds**
**2022**
**£**
5,000|
|---|---|
||5,000|
||**Total Funds**
**2022**
**£**
30,448
5,400
99,518
1,000
136,366|
## **4. INCOME FROM CHARITABLE ACTIVITIES**
Charity number: 1194229 8
## **MANDALA THEATRE COMPANY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022 (continued)**
|**5. EXPENDITURE ON RAISING FUNDS**
**Unrestricted**
**£**
Fundraising costs
333
333
**6. EXPENDITURE ON CHARITABLE ACTIVITIES**
**Unrestricted**
**£**
Staff costs
42,257
Professional fees
14,905
Office and travel costs
457
Professional Programme
202
Creative Learning
Programme
55
57,875
**7. GOVERNANCE COSTS**
**Total**
**2022**
**£**
Trustee expenses
-
Meeting expenses
-
Independent examination
200
200|**Restricted**
**£**
36
36
**Restricted**
**£**
16,163
-
1,703
71,803
29,781
119,449|**Total Funds**
**2022**
**£**
369|
|---|---|---|
|||369|
|||**Total Funds**
**2022**
**£**
58,419
14,905
2,160
72,005
29,836|
|||177,325|
||||
Charity number: 1194229 9
## **MANDALA THEATRE COMPANY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022 (continued)**
## **8. ANALYSIS OF STAFF COSTS**
|**. ANALYSIS OF STAFF COSTS**||
|---|---|
|Gross salaries
Employer's NIC
Employer's pension|**2022**
**£**
58,419
-
-|
||58,419|
None of the employees of the charity earned £60,000 or more during the period ended 31 March 2022 The average number of employees during the period was 1. All employees are involved in the provision of the charity’s objectives.
## **9. DEBTORS**
|Trade debtors
Other debtors
Prepayments|**2022**
**£**
5,625
-
-|
|---|---|
||5,625|
## **10. CREDITORS**
|Income in Advance
Accruals|**2022**
**£**
52,832
19,255|
|---|---|
||72,086|
Charity number: 1194229 10
## **MANDALA THEATRE COMPANY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022 (continued)**
## **11. Movement in funds**
||**Balance at 1**
**April 2021**|**Income**|**Expenditure**|**Transfers**|**Balance at 31**
**March 2022**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|**Unrestricted funds**||||||
|General|-|102,248|58,209|- 5,898|38,142|
|**Restricted funds**||||||
|AMAL|-|2,921|1,148|-|1,773|
|ARTVSM|-|38,443|16,813|-|21,629|
|CRE TRA|-|60,364|24,934|-|35,430|
|KNL EXCH & TTBM|-|69,489|73,152|3,663|-|
|MAD(E)|-|2,625|1,203|-|1,422|
|PIPE|-|-|2,235|2,235|-|
|**Restricted funds**|-|173,841|119,484|5,898|60,255|
||-|276,089|177,693|-|98,396|
**‘Walk with AMAL’** project is part of the Creative Learning Programme
**ARTIVISM** is the International Digital and Live Festival that was part of our Creative Learning Programme **CREATIVE TRANING** is the various workshops and courses we run in addition to the above
**PIPELINE** is the Research and Development element of TTBM (see below) – professional programme **KNOWLEDGE EXCHANGE** & ‘Though This Be Madness’ (TTBM) are part of the professional programme – touring the production and a conference
**MAD(E)** R&D is the Research and Development element of our new professional project
## **12. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible fixed assets
Current assets
Creditors due within 1
year
**Net assets**|**Unrestricted**
**funds**
**£**
-
110,227
- 72,086
38,141|**Restricted**
**funds**
**£**
-
60,255
-
60,255|**Total 2022**
**£**
-
170,482
- 72,086|
|---|---|---|---|
||||98,396|
Charity number: 1194229 11
## **MANDALA THEATRE COMPANY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE PERIOD ENDED 31 MARCH 2022 (continued)**
## **13. TRUSTEE REMUNERATION, KEY MANAGEMENT PERSONNEL AND RELATED PARTY TRANSACTIONS**
No member of the board of trustees received any remuneration for the role as trustee during the year.
No trustees were reimbursed for travel expenses during the year.
The Key Management Personnel comprise the Trustees. There were no other related party transactions.
Charity number: 1194229 12