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2025-03-31-accounts

MANDALA THEATRE COMPANY CIO

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

Charity Number: 1194229 (England and Wales)

MANDALA THEATRE COMPANY CIO

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

CONTENTS PAGE
General information 2
Trustees’ Annual Report 3
Responsibilities of the Trustees 10
Independent Examiner’s report to the members 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the financial statements 14

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 (resigned September 2024) Sabah Heydon Shabnum Chaudry Rhaea Russell-Cartwright Sasha East (appointed September 2024) Nelvin Kiratu (appointed December 2024) 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

TRUSTEES’ ANNUAL REPORT

Objectives and Activities

For the public benefit, the advancement of education in the arts in Oxford, and the surrounding area but not exclusively through the creation and performance of theatre productions.

The Professional Programme

Since the beginning of April 2024 to the end of March 2025 Mandala has been focused on delivering activities in relation to our Professional Programme and Creative Learning Programme. From September to November 2024, we toured our professional show ‘Seed Guardians’ nationally. The play focuses on a human right that is denied to so many – the right to food. The play mirrors stories of food poverty and scarcity across the UK and Global South echoing the legacies of many inter-generational struggles against all-consuming corporate giants. According to National Statistics in 2022/23 ’11 million people or 7% of the population experienced food poverty including 17% of children in the UK. ‘Seed Guardians’ tells the story of a crisis that plagues our modern world. Interconnecting these stories with our need to return to nature and our need to nurture the Earth.

The ‘Seed Guardians’ Tour Autumn 2024 received wonderful feedback, in relation to responses to the production in the 6 Cities/ Towns that we toured to:

Reviews Daily Information - https://www.dailyinfo.co.uk/feature/20306/seed-guardians Newbury Weekly News - https://drive.google.com/file/d/1S6K1yvS7jDX zIgEk0N0v8yxytwwFLOu/view?usp=sharing Link to ‘Seed Guardians’ Trailer: https://youtu.be/BFPQWGvFOko

Three of the professional performers came through the pathway of being in Mandala Young Company, in Oxford, auditioning for the professional company and two of them performing in their first national tour in ‘Seed Guardians’. All four of the actors are from the Global Majority and were enabled to have their talent and skill nurtured and seen throughout the UK.

“ It was such an immersive play; it takes an audience on a journey and transports you across the world. I think everyone will connect to it whether local or global level. We forget how disconnected general society has become from the earth, which is bizarre when you consider we live on it. Food poverty today when we grew up surrounded by people living sustainably. The bonds of family, human connection. The very real issues that we face as a global community. I laughed, I cried, and I left with feeling of a sense of hope. And side note, I loved the mention of Sadza and the sense of Shona. It took me right back to a holiday to Haare when I was younger. If I could watch it again, I would a hundred times over.” Audience member – North Wall Arts Centre, Oxford

‘Seed Guardians’ was generously funded by the Joseph Rowntree Foundations – Storytellers Fund to extend the Tour into Spring 2025. We were able to tour to a further 4 cities/ towns focusing on going to schools, colleges, universities, and community centres rather than theatre venues. This enabled us to take theatre to young people and places who may not easily access theatre or the arts.

Charity number: 1194229 3

MANDALA THEATRE COMPANY CIO

‘Seed Guardians’ Extended Tour achieved the following:

Feedback from young audience members:

What a beautiful play and wonderfully performed. Art is one of the most powerful tools we must create change. Keep going! We need this!

Excellent performance and brilliant script and theme. Nothing more important for humanity right now!

Creative Learning Programme

Mandala Theatre Company co-hosted this festival with Oxfordshire Youth & Oxford City Council, Oxford-Ramallah Friendship Association (ORFA), Oxford University, Pegasus Theatre, the Old Fire Station, OVADA and International partners - Ashtar Theatre, Ramallah & CREARC, Grenoble. The 7-day International Festival focused on Environmental sustainability and Climate Change including the effects of war and conflict in greatly contributing to the Climate Crisis having been co-planned and delivered with young people in Mandala Youth Voice group, was a resounding success.

Mandala Youth Voice group (12 young people) met up several times between January and July 2024, to plan the International Youth Theatre Festival with staff. During the Festival week itself, Mandala Youth Voice group were there to greet the international groups, read poems they had written at the Welcome Event and generally help deliver the festival alongside staff. They ran the Sport social event, helped to prepare, and clear spaces, lead workshop groups at the Symposium and demonstrated their ownership and commitment to making the festival happen.

40 young people from Oxford participated in the festival, the majority new to Mandala Theatre Company – these included previous participants and new members of Mandala Young Company, young people recruited through EMBS college, OCA and Pegasus Theatre amongst others. 38 International young people attended in total. The International companies from Lithuania and Germany, and two companies from our twin city - Grenoble attended. Sadly, Ashtar Theatre young company were unable to obtain permits to travel to Jerusalem to get visas and so were unable to make it in person to the festival. Despite this huge disappointment the professional company from Ashtar Theatre were able to perform their incredible show ‘Oranges and Stones’ written by Mojisola Adebayo, twice, and there was a moving and emotional zoom call with the young company in Ramallah talking to the young people at the festival. Quantara Association, from Tunisia, also struggled to obtain visas, eventually two young people and two leaders from Tunisia participated in the festival. All groups performed their hugely creative and insightful, entertaining plays at Pegasus Theatre and the Old Fire Station with members of the public buying tickets to attend alongside the festival participants.

6 International Productions, festival participants and the General Public were able to watch at Pegasus Theatre and The Old Fire Station including: Mandala Young Company with ‘Transmissions in Advance of the Second Great Dying’ by Jessica Huang. Rehearsals and Performance of the play took place in April and July. This opened the Festival on Saturday 20 July 2024, to an almost sold-out audience at Pegasus Theatre. A moving, funny, and epic tale of grief and global warming through the intersecting lives of Earth’s human and non-human inhabitants in 2045.

We held an International Symposium focused on the question - ‘How can the Arts be central to the sustainable world we want to create?’. Hosted by Pembroke College, Oxford University, the day began with some wonderful Keynote speakers and panellists from Oxford University, Green Arts Oxfordshire Network, Cowley Collective and Oxford City Council. This all-day event moved into facilitated discussion groups, creative presentations and ended with the creation of a Youth Arts Charter which all the participants signed up to.

‘The Lost City of Atlantis’ - Parade and short performances in Oxford City centre. Wonderful, vibrant, and moving performances were presented in the Westgate Centre, Bonn Square and Broad Street as a culmination of the week of creative workshops which took place every day of the festival. The story of an ancient, advanced civilisation, full of beauty and architecture, becomes corrupted by greed and the desire for power and

Charity number: 1194229 4

MANDALA THEATRE COMPANY CIO

its apocalyptic collapse, sinking under the water. The parallels of this ancient story first recounted by Plato – the Greek Philosopher 2,300 years ago to life in today’s 21st Century was revealed by the young people, through Puppetry, Dance, Physical Theatre, Spoken Word, and Circus. 78 young people, supported by 17 Artists and 17 volunteers, performed the outdoor spectacle and parade at 3 different locations, to a total audience of 2,500 people in Oxford. It was a joyous and entertaining event in the streets of Oxford.

‘Uncaging our World’ Festival ended an incredible week of creativity and connection with the Fire show ‘Fuego Maestro’ by Axel Tüscher from Histoires 100 Fins and a time for the young people, artists, and staff

to celebrate an incredible week with food, music, dancing and connecting. It was a memorable week, with many new friendships formed, cultural understandings developed, and creative skills learnt.

Speak Up! – Youth Leadership Programme was an 8-week Youth Leadership course using expressive arts (spoken word, poetry, and drama) to help young people improve their English and develop the confidence and communication skills to act as leaders and advocates for their communities. It took place every Tuesday from 28 January to 25 March 2025 at EMBS college Oxford.

The main beneficiaries were students aged 16-18 attending EMBS Community College. We worked with them, developing a long-term offer that genuinely delivered on the stated aims to improve confidence, social skills, language skills, self-expression and ultimately employability for these marginalised young people. The project also enabled us to provide further training and paid employment for two of Mandala’s young facilitators, who have themselves come through Mandala’s Creative Learning and Young Company programmes, both from the global majority.

The course ended with a mini-sharing and certificate presentation, and a planned future project to allow them to practise their newfound leadership skills. 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:

Volunteers worked with us to make the ‘Uncaging our World’ International festival a success. 17 people helped with food preparation and serving, facilitating discussion groups at the Symposium and being stewards on the parade and performances in the city centre. We are so grateful to all they brought to this event.

Achievements and Performance

There have been many achievements for Mandala Theatre Company over the last 12 months, where the work of the charity has made a difference to young people’s lives especially but also to society. These include:

The ‘Seed Guardians’ Extended Tour Spring 2025 was made possible by generous funding from the Joseph Rowntree Foundations’ Storyteller’s fund. The funding enabled Mandala to extend the tour into Spring 2025 and tour to 8 new venues, with specific audiences of young people and local communities in London, Liverpool, Leeds, and Oxfordshire, as we believe many more people needed to see this play and join the conversation.

Professor Stephen Whitfield, Professor in Food, Agriculture and Climate and Director of the Global Food and Environment at University of Leeds wrote a blog: https://medium.com/globalfoodleeds/mandala-theatrecompany brings-seed-guardians-to-leeds-cc98dc27e509

‘Uncaging our World’ International Youth Theatre Festival was the first of its kind in Oxford since 2014. The Feedback highlights what it meant to the participants:

‘My biggest highlight of the festival was performing the outdoor show and parade. I was performing in front of the largest audience that I had experienced, and I remember getting overwhelmed afterwards from the immense happiness that the festival brought me. Festivals like ‘Uncaging our World’ can be a life-changing experience for any young person.’

Festival participant – Oxford

‘For me, international exchanges are essential today. Especially for the new generations. More than ever, we need to share, to discover the Other, its culture, its art, of learning, creating, giving. This is the best way to understand the complexity of the challenges facing our societies and find the most common solutions to change the things we want to change. This kind of adventure is a formidable source, which opens us to others, to the world, as well as to ourselves.’ Festival Participant – Grenoble

Charity number: 1194229 5

MANDALA THEATRE COMPANY CIO

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:

A moving, funny, and epic tale of grief and global warming through the intersecting lives of Earth’s human and non-human inhabitants in 2045.

‘A thought provoking and visually arresting production. The performances are compelling, with the cast delivering particularly memorable portrayals that anchor the play’s emotional core across the board.’ Review by Tayah Fraser - Creative Writing group

Mandala’s Fundraising activities have involved a huge amount of partnership working, especially with Education establishments, including:

Financial Review

The Charity remains financially secure, as 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 uses 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

Charity number: 1194229 6

MANDALA THEATRE COMPANY CIO

are in a reasonably good financial position with a reserves policy in place (see below) but need to keep growing our income to ensure our creative programme has funding in place to ensure plans can be followed through. Our three-year funding with Arts Council England as one of their National Portfolio Organisations which is providing core funding to Mandala from April 2023 to 2026 has now been extended to 2027 and we will be applying for this to continue to 2028. This is enabling the company to plan with greater confidence and security.

Within the current Business Plan, Mandala has developed its reserves from a zero-standstill position so that unrestricted funds are sufficient to:

In recognition of Mandala’s growth, assets, and equipment we aim to 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 (funding permitted):

Reserves Accounting Year 2024/25 following independent examination in November 2025.

Unrestricted reserves: £170,203

Restricted reserves: £15,265

Total reserves: £185,468.

The Charity’s principal sources of funding are:

Core funding from Arts Council England, Trusts and Foundations, Local authority, Earned Income from performances and workshops, Private donations. The principal risks facing the charity are:

1: Financial: Artistically we’re growing and developing but to become sustainable, the company needs more core funding in addition to ACE and Oxford City Council core funding and to secure an Impact and Evaluation post. The ACE core funding has enabled us to employ a part-time Fundraiser, Communications Producer and Administration and Finance Officer.

Risk: Wellbeing of Artistic Director with all other staff only being part-time. Artistic Director is working long hours.

Mitigate: Successful application for NPO funding from ACE (for April 2023-March 2027) and other funders for core funding. We have applied to numerous Trusts and Foundations and hope more of these will be successful 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 socio-economic backgrounds do have financial implications. Long term funding from one or two Trusts or Foundations.

Charity number: 1194229 7

MANDALA THEATRE COMPANY CIO

We are currently resident company with Oxfordshire Youth where we have access to office and meeting room space, but rehearsal space is difficult to access. The space is only temporary, we hope it will become permanent soon.

Structure, Governance and Management

Constitution and registration with the Charity Commission CIO

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.

3) We have recently created a Young Trustee Pathway, where one or two young people aged 21 years + (who have been part of Mandala Young Company or Mandala Youth Voice) can be invited to become a Trustee for an initial period of one year. After this the Board can decide to invite them to become full Trustees and extend their place for an additional two years.

INFORMATION FOR NEW CHARITY TRUSTEES The charity trustees will make available to each new charity trustee, on or before his or her first appointment:

Public benefit: running a charity (PB2)

The Founder and Artistic Director of Mandala Theatre Company was employed and tasked by the Trustees to run the day-to-day activities of the charity from April 2021 to present. 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. 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 continuing to provide a base for the charity. The two organisations function completely separately in terms of governance.

Charity number: 1194229 8

MANDALA THEATRE COMPANY CIO

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

Dates acted if not for whole SN Trustee name Office Name of person (or body) entitled to appoint trustee year 1 Beverley Harry Interim Chair April 26 2021 Advisory Board and Directors of Mandala Theatre Company CIC 2 Adanna Onuekwusi Trustee January 17 2022 Beverley Harry (Interim Chair) 3 Sabah Heydon Trustee March 27 2023 Board of Trustees 4 Rhaea Russell-Cartwright Trustee June 28 2023 Board of Trustees 5 Shabnum Chaudry Trustee December 20 2023 Board of Trustees 6 Sasha East Trustee September 23 2024 Board of Trustees 7 Nelvin Kiratu Young Trustee December 16 2024 Board of Trustees Dina Desai Trustee January 17 2022 Board of Trustees 8 (Resigned)

Names of the charity trustees who manage the charity

Corporate trustees – names of the directors at the date the report was approved

Name of chief executive or names of senior staff members (Optional information)

Yasmin Sidhwa (Artistic Director and CEO)

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) Beverley Harry Position (eg Secretary, Interim Chair Chair, etc) Date 16-12-2025

RESPONSIBILITIES OF THE TRUSTEES

Charity number: 1194229 9

MANDALA THEATRE COMPANY CIO

FOR THE PERIOD ENDED 31 MARCH 2025

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:

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 ….…16-12-2025……………………….

Charity number: 1194229 10

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS

FOR THE PERIOD ENDED 31 MARCH 2025

I report on the accounts of the Charity for the period ended 31 March 2025, which are set out in pages 12 - 20

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. It is my responsibility to state, based on 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

During my examination, no matter has come to my attention:

have not been met; or

Sheila Parry FCCA

Date………5[th] January 2026….…………………………….

11

MANDALA THEATRE COMPANY CIO

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE PERIOD ENDED 31 MARCH 2025

Notes
Income from:
Donations and legacies
3
Charitable activities
4
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
£
37,408
23,776
61,184
272
40,478
40,750
20,434
21,730
42,164
128,039
170,203		 Restricted
Funds
£
5,050
177,274
182,324
36
176,139
176,175
6,149
- 21,730
-15,581
30,846
15,265		 Total
2025
£
42,458
201,050
243,508
308
216,617
216,925
26,583
-
26,583
158,885
185,468		 Unrestricted
Funds
£
20,800
7,787
28,587
149
23,297
23,446
5,141
116
5,257
122,782
128,039		 Restricted
Funds
£
-
105,466
105,466
194
74,796
74,990
30,476
- 116
30,360
486
30,846		 Total
2024
£
20,800
113,253
134,053
343
98,093
98,436
35,617
-
35,617
123,268
158,885

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 the above amounts relate to continuing activities.

The notes on pages 14 to 20 form part of these financial statements.

Charity number: 1194229 12

MANDALA THEATRE COMPANY CIO

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
CURRENT ASSETS
Debtors
9
Cash at bank
CREDITORS:Amounts falling due
within one year
10
NET CURRENT ASSETS
NET ASSETS
FUNDS
INCOME FUNDS
Unrestricted Income funds
11
Restricted Income funds
11
TOTAL INCOME FUNDS		 2025
£
£
23,580
183,266
206,846
- 21,378
185,468
185,468
170,203
15,265
185,468		 2024
£
£
22,500
139,978
162,478
- 3,593
158,885
158,885
128,039
30,846
158,885		 2024
£
£
22,500
139,978
162,478
- 3,593
158,885
158,885
128,039
30,846
158,885
158,885
128,039
30,846
158,885

For the period ended 31 March 2025, the charity was entitled to exemption from audit under section 145 of the Charities Act 2011.

Trustees’ responsibilities:

These financial statements were approved by the members of the committee and authorised for issue on ……16-12-2025……… and are signed on their behalf by:

Beverley Harry Interim Chair of the Trustees

Charity number: 1194229 13

MANDALA THEATRE COMPANY CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025

1. ORGANISATION STATUS

Mandala Theatre Company CIO is a Charitable Incorporated Organisation.

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 2019 (SORP 2019), ‘Accounting and Reporting by Charities’, issued by the Charities Commission and the Companies Act 2006, with FRS102.

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.

Depreciation

Depreciation is calculated 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.

Charity number: 1194229 14

MANDALA THEATRE COMPANY CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025 (continued)

3. INCOME FROM DONATIONS AND LEGACIES

Donation Unrestricted
£
37,408
37,408		 Restricted
£
5,050
5,050		 Total
Funds

2025
£
42,458
42,458		 Unrestricted
£
20,800
20,800		 Restricted
£
-
-		 Total
Funds
2024
£
20,800
20,800

4. INCOME FROM CHARITABLE ACTIVITIES

Earned Income
Grants - Core funding
Grants - Project funding
Grants - Local Authority
funding
Other income
Trusts & Foundations		 Unrestricted
£
13,781
-
500
3,000
-
6,495
23,776		 Restricted
£
-
7,150
162,375
7,749
-
-
177,274		 Total
Funds

2025
£
13,781
7,150
162,875
10,749
-
6,495
201,050		 Unrestricted
£
6,693
-
-
-
944
150
7,787		 Restricted
£
300
-
93,566
11,600
-
-
105,466		 Total
Funds
2024
£
6,993
-
93,566
11,600
944
150
113,253

Charity number: 1194229 15

MANDALA THEATRE COMPANY CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025 (continued)

5. EXPENDITURE ON RAISING FUNDS

Fundraising costs Unrestricted
£
272
272		 Restricted
£
36
36		 Total
Funds

2025
£
308
308		 Unrestricted
£
149
149		 Restricted
£
194
194		 Total
Funds
2024
£
343
343

6. EXPENDITURE ON CHARITABLE ACTIVITIES

Staff costs
Professional fees
Office rent
Office and travel
costs
Professional
Programme
Creative Learning
Programme
Education & Outreach		 Unrestricted
£
- 4,985
352
-
388
-
44,723
-
40,478		 Restricted
£
79,401
1,859
- 430
1,148
72,848
21,313
-
176,139		 Total
Funds

2025
£
74,416
2,211
- 430
1,536
72,848
66,036
-
216,617		 Unrestricted
£
16,203
337
800
713
1,619
981
2,644
23,297		 Restricted
£
39,257
2,188
-
1,128
22,959
5,789
3,475
74,796		 Total
Funds
2024
£
55,460
2,525
800
1,841
24,578
6,770
6,119
98,093

7. GOVERNANCE COSTS

Independent examination Total
2025
£
250
250		 Total
2024
£
250
250

Charity number: 1194229 16

MANDALA THEATRE COMPANY CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025 (continued)

8. ANALYSIS OF STAFF COSTS

Gross salaries
Employer's NIC
Employer's pension		 2025
£
72,828
169
1,404
74,401		 2024
£
35,358
-
688
36,046

None of the employees of the charity earned £60,000 or more during the period ended 31 March 2025 (2024: no employees) The average number of employees during the period was 4 (2024: 4). All employees are involved in the provision of the charity’s objectives.

9. DEBTORS

Trade debtors
Other debtors		 2025
£
1,080
22,500
23,580		 2024
£
-
22,500
22,500

10. CREDITORS

Trade creditors
Income in Advance
HMRC payable
Accruals
Other creditors		 2025
£
494
17,850
1,894
1,140
-
21,378		 2024
£
506
-
2,158
840
89
3,593

Charity number: 1194229 17

MANDALA THEATRE COMPANY CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025 (continued)

11. Movement in funds

Balance on 1
April 2024		 Income Expenditure Transfers Balance
March		 on 31
2025
£ £ £ £ £
Unrestricted funds
General 128,039 61,184 - 40,750 21,730 170,203
Restricted funds
Arts Council England 21,801 90,000 - 111,723 78
Oxford City Council 9,045 19,949 - 19,954 - 9,040 -
Oxford Uni Cultural
Programme		 - 10,000 - 10,000 - -
Charities Trust - 1,000 - 1,000 - -
Garrick Charitable Trust - 2,000 - 2,000 - -
Doris Field Charitable Trust - 1,000 - 840 - 160
Joseph Rowntree
Foundation		 - 41,845 - 29,155 - 12,690 -
NLC - 16,530 - 1,503 - 15,027
Restricted funds 30,846 182,324 - 176,175 - 21,730 15,265
158,885 243,508 - 216,925 - 185,468

The restricted funds for 2024-25 are as follows:

Arts Council England provided project funding towards creative programmes

Oxford City Council provided funding towards both core costs and project funding. Further information has emerged during the preparation of the 2024-25 accounts which shows that the funding received in 2023-24 and previous years was in fact fully spent. This has been corrected by a transfer to general funds and to show the balance at the year-end in the Oxford City Council fund as £nil. Oxford University Cultural Programme - Grant for the Seed Guardian Professional Production and Rehearsed Reading

Charities Trust - Movement for Good Award for the Seed Guardian Professional Production

Garrick Charitable Trust - Grant for the Seed Guardian Professional Production

Joseph Rowntree Foundation -Grant for Seed Guardian Professional Production Extended Tour in Spring 2025 NLC- Grant for the Countering Loneliness Film Project and the Mandala Young Company Activities. OXON Community Fund - Grant for the Countering Loneliness Film Project

Charity number: 1194229 18

MANDALA THEATRE COMPANY CIO

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2025 (continued)

Previous year Balance on 1
April 2023		 Balance on 1
April 2023		 Income Expenditure Transfers Balance on 31
March 2024
£ £ £ £ £
Unrestricted funds
General 122,782 28,587 - 23,446 116 128,039
Restricted funds
Arts Council England 486 93,566 - 72,251 - 21,801
British Council - - - 184 184 -
Oxford Brookes - 300 - - 300 -
Oxford City Council - 11,600 - 2,555 - 9,045
Restricted funds 486 105,466 - 74,990 - 116 30,846
123,268 134,053 - 98,436 - 158,885

The restricted funds for 2023-24 are as follows:

Arts Council England provided project funding towards creative programmes British Council funded the Ultra Art Youth Theatre Festival Oxford Brookes – contributed to the funding of MAD(E) professional tour Oxford City Council provided funding towards both core costs and project funding.

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Current assets
Creditors due within 1 year
Net assets		 Unrestricted
funds
£
178,891
- 21,378
157,513		 Restricted
funds
£
27,955
-
27,955		 Total 2025
£
206,846
- 21,378
185,468

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 19