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|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|||
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|||||||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|
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|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|
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|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|
##
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|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|
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|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|
##
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|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|