2020-12-31-accounts

CONTENTS
Report ofthe Trustees
Trustees' Responsibilities			in the Preparation		ofthe Financial
statements
Independent	Auditor's	Report to the		Trustees
Consolidated	Statement		ofFinancial	Activities
Statement ofFinancial		Activities				10
Consolidated	Statement		ofFinancial	Position
Statement ofFinancial		Position				12
Consolidated	Statement		ofCash Flows			13
Accounting	Policies					14
Notes to the	Financial	Statements				18
Appendix						25

Legal Entity	Legal Entity	The David Lean	Foundation
Governing	Instrument	Deed ofTrust 19November		1997
Trustees		Anthony Alan Reeves
		Sally Ruth Beard
		Max William Thowless-Reeves
Auditors		RSM UK Audit	LLP
		St Philips Point
		Temple Rom
		Birmingham
Bankers		Handelsbanken	pie
		1 Lakeside
		Festival Park
		Stok,e on Trent
Investment	Managers	Sorbus Partners
		41aEastgate Street
		Stafford
Legal Advisers		Freeths LLP
		Federation House
		Station Road
		Stoke on Trent
Registered	Office	The Bradshaws
		Codsall
		Staffordshire
Cliaritjj		1067074
		Registered 23/12/1997
HMRC		E%70618

						2020	2019
				Umestricted	Endowment	Total	Total
			Note	Funds	Fund	Funds	Funds
Income
Royalties receivable				176,718		176,718	163,209
Investment income				7,096		7,096	13,078
Total lnconle				183,814		183,814	176,287
Expenditure on;
Raising funds			la	64,337		64,337	70,689
Expenditure on	Charitable			83,083	2,549	85,632	139,579
Total Expenditure				147,420	2,549	149,969	210,268
Net gains/(losses)		on investments			1,341	1,341	45,537
Net movement	in	funds		36,394	(1,208)	35,186	11556
Reconciliation	of	funds
Fund balances	1 January 2020			318,320	367,794	686,114	674,558
Fund balances	31 December 2020			354,714	366,586	721,300	686,114

					2020	2020	2020	2019
					Unrestricted	Endowment	Total	Total
			Note		Funds	Funds	Funds	Funds
Income
Gift Aid donations					46,091		46,091	113,588
Investment income					6,723		6,723	11,747
Total income					52 814		52814	125335
13'.xpenditure
Expenditure on	Charitable		activities	2	95,323	2,549	97,872	151,819
Total Expenditure					95323	2 549	97 872	151319
Net gains/(losses)		on investments				1,341	1,341	45,537
Net movement	in	funds			42 510	1208	43 718	19 053
Reconciliation	of	funds
Fund balances	1 January		2020		141375	367794	509169	490 116
Fund balances	31December 2020				98 865	366586	465 451	509 169

	Note	2020	2019
Fixed Assets
Film rights		160,280	72,520
Investments		44 287	349 040
		504,567	521,560
Current assets
Debtors
Cash at bank and in	hand	293 659	260 078
		293,659	260,078
Creditors: amounts	falling
due within one year		(76,926)	{993524
Net current assets		216732	166554
Total assets less current liabilities		721,300	688,114
Creditors: amounts	falling
due after more than	one year	( - )	(2,000)
Net assets		721 300	686 114
Represented by
Charitable funds:
Permanent Endowment		366,586	367,794
Unrestricted funds		354,714	318,320
Total charity funds		721,300	686,114

		Note	2020	2019
Fixed assets
Investments in subsidiary		4a	137,295	149,535
Investments		4	344 287	349 040
			481,582	498,575
s
Current assets
Cash at bank and in	hand		51 789	99740
Creditors: amounts	falling due
within one year			f67 921)	87,146
Net current assets			16,131	12 594
Total assets less current liabilities			465,451	511,169
Creditors: amounts	falling due	after
more than one year		7		2 000
Net assets			465 451	509 169
Represented by
Charitable funds;
Permanent Endowment			366,585	367,794
Unrestricted funds			98,866	141,375
Total charity funds			465,451	509,169

		2020	2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income for the reporting period		35,186	11,556
Investment (gains)/losses		(1,341)	(45,537)
(Decrease) in creditors		(18,598)	(145,319)
Decrease in debtors
Investment income received		(183,814)	(176,287)
Amortisation		12,240	12,240
NET INCOME USEBIN OPERATING ACTIVITIES		(156,327)	(343,347)
CASH FLOWS FROM INVESTING ACTIVITIES:
Donations
Investment income received		6,678	11,580
Interest received		418	1,489
Royalties received		176,718	163,209
		183,814	176,287
Proceeds from sale ofinvestments		53,083	90,436
Purchase ofinvestments		(46,989)	(85,630)
NET CASH USED IN INVESTING ACTIVITIES		6,094	4,806
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
IN THE REPORTING PERIOD		33,581	(162,254)
Cash and cash equivalents at the beginning ofthe reporting	period	260,078	422,332
CASH AND CASH EQUIVALENTS AT THE END
OF THE REPORTING PERIOD		293,659	260,078

Financial statements for th	e subsidiary are filed	with the Registrar ofCompa	nies.
		2020	2019
Profit and Loss Account
Turnover —Royalties		176,718	163,209
Cost ofSales		(47097)	48 449
Gross Profit		129,621	J.14,760
Administration expenses		(5,000)	(10,000)
Amortisation ofIntangibles		~12240	12240
Operating profit		112,381	92,520
Interest receivable		373	1,331
Profit on Ordinary
Activities Before Taxation		112,754	93,851
Tax on Profit on Ordinary	Activities
Profit for the Financial Year		112,754	93,581
Total equity/assets
ofthe subsidiary		112,754	326,481

Income charity: Donations	Income charity: Donations
			2020	2019
Gift Aid distribution	from subsidiary	—unrestricted	46,091	113,588
Donations —restricted
Total Donations			46 091	113688
Resources expended
Analysis ofGrants
Grants committed at	31December 2019			84,250
Grant reductions/adjustments			2,500
Grants committed in	2020		50 000	52 500
				136,750
Grants paid in 2020
Existing grants paid	in 2020		(23,779)
New grants paid in 2020			(50,000)	(73,779)
Total grants committed at 31December 2020				62,971

3.	Intangible Fixed Assets	Intangible Fixed Assets
	Group		Film Rights
	Cost at beginning	and end ofyear	482 365
	Amortis ation
	At beginning of	year	309,845
	Charge for 12months to 31 December 2020		12240
	To 31December	2020	322 085
	Net book value
	At 31December	2020	160280
	At 31December	2019	172 520
4	Fixed asset investments
			Equities
	At beginning of	year	349,040
	Gains/(losses)		1,341
	Additions/dispo	sais	46,989
	Disposals at carrying value		(53,083)
	At end ofyear 31 December 2020		344,287

Cost at beginning	and end ofyear	474,065
Impairment
At the beginning	ofyear	324,530
Charge for the year		12240
At end ofyear		336,770
Net book value
At 31December	2020	137295
At 31December	2019	149535

Cash at bank
	Group		Foundation
	2020	2019	2020	2019
Current	271,360	241,322	29,491	80,984
Endowment	22,299	18,756	22,299	18,756
	293,659	260,078	51,789	99,740

6.Creditors: amounts	falling due within one year
		Group	Foundation
	2020	2019	2020	2019
Grants committed	62,971	82,250	62,971	82,250
Accruals	13,955	11,274	4,950	4,896
	76,926	93,524	67,921	87,146

Credit	ors: amounts falling du	e after more than	one ye	ar
			Group		Foundation
		2020		2019	2020	2019
Grants	committed			2 000		2 000

Analysis of	charitable	funds
		Brought				Carried
		forward	Income	Expenditure	Gains/losses	forward
Endowment		367,794		(2,549)	1,341	366,586
Unrestricted	Funds	318,320	183,814	(147,420)		357,714
		686,114	183,814	(149,969)	1,341	721,300

Analysis ofnet ass	et between funds
	Investments	Cash at	Creditors	Net assets
		bank
Endowment	344,287	22,299		366,586
Unrestricted	160,280	271,360	(76,926)	357,714
	504,567	293,659	(75,926)	721,300

Grants and commitments	2020
	Grants paid	Future commitments
British Academy ofFilm and Television Arts	15,000	15,000
National Film and Television School	16,667	15,583
British Film Institute	32,000	32,000
Royal Academy ofArts	6,000
The Arts Fund	2112	388
Carnforth Heritage Centre	2,000
Total	73,779	62,971

1998-2000	195,369
2001-2005	1,572,269
2006-2010	1,649,064
2011-2015	1,187,389
2016-2019	1,009,042
	5,613,133
2n2n	7'3.779
	5,686,912
Conuzutments	62,971
Total	5,749,883