2021-12-31-accounts

Report ofthe Trustees	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				24

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
		StPhilips Point
		Temple Row
		Birmingham
Bankers		Handelsbanken	pic
		I Lakeside
		Festival Park
		Stoke on Trent
Investment	Managers	Sorbus Partners
		41aEastgate Street
		Stafford
Legal Advisers		Freeths LLP
		80 Cumberland	Place
		Mount Street
		Nottingham
Registered	Office	The Bradshaws
		Codsall
		Staffordshire
Charity		1067074
		Registered 23/12/1997
HMRC		EW70618

					2021	2020
		Note	Unrestricted Funds	Endowment Fund	Total Funds	Total Funds
Income
Royalties receivable			182,505		182,505	176,718
Donations			60,000		60,000
Investment income			8,451		8,451	7,096
Total income			250,956		250,956	183,814
Expenditure on:
Raising funds		la	81,692		81,692	64,337
Expenditure on Charitable			110,562	3,473	114,035	85,632
Total Expenditure			192,254	3,473	195,727
						149,969
Net gains/(losses)	on investments			37,514	37,514	1,341
Net movement in	funds		58,702	34,041	92,743	35 186
Reconciliation of	funds
Fund balances I January 2021			354,714	366,586	721,300	686,114
Fund balances 31December 2021			413,416	400,627	814,043	721,300

					2021	2021	2021	2020
					Unrestricted	Endowment	Total	Total
			Note		Funds	Funds	Funds	Funds
Income
Donations					60,000		60,000
Gift Aid donations			lb		124,994		124,994	46,091
Investment income					8,451		8,451	6,723
Total income					193,445	—	193,445	52,814
Expenditure
Expenditure on	Charitable	activities		2	122,801	3,473	126,274	97,872
Total Expenditure					122,801	3,473	126,274	97,872
Net gains on investments						37,514	37,514	1,341
Net movement	in funds				70,644	34,041	104,685	(43,718)
Reconciliation	offunds
Fund balances	1 January	2021			98,865	366,586	465,451	509,169
Fund balances	31December		2021		169,509	400,627	570,136	465,451

			Note	2021	2020
Fixed Assets
Film rights				148,040	160,780
Investments				342 394	344 287
				490,434	504,567
Current assets
Cash at bank	and in	hand5		382 809	293 659
				382,809	293,659
Creditors: amounts		falling
due within one year				(59,200)	76926
Net current	assets			323 609	216732
Total assets	less current liabilities			814,043	721,300
Creditors: amounts		falling
due after more than		one year
Net assets				814043	721 300
Represented	by
Charitable funds:
Permanent	Endowment		9	400,627	366,586
Unrestricted	funds		9	413,416	354,714
Total charity	funds		9	814,043	721,300

		Note	2021	2020
Fixed assets
Investments in subsidiary		4a	125,055	137,295
Investments		4	342 394	344 287
			467,449	481,582
Current assets
Cash at bank and in	hand		155 187	51 789
Creditors: amounts	falling due
within one year		6	52 500	67921
Net current assets			102687	(~16 131
Total assets less current liabilities			570,136	465,451
Creditors: amounts	falling due	after
more than one year
Net assets			570 136	465 451
Represented by
Charitable funds:
Permanent Endowment		9	400,627	366,585
Unrestricted funds		9	169,509	98,866
Total charity funds		9	570,136	465,451

	2021	2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income for the reporting period	92,743	35,186
Investment (gains)/losses	(37,514)	(1,341)
(Decrease) in creditors	(17,726)	(18,598
Investment income received	(250,956)	(183,814)
Amortis ation	12,240	12,240
NET INCOME USED IN OPERATING ACTIVITIES	(201,213)	(156,327)
CASH FLOWS FROM INVESTING ACTIVITIES:
Donations	60,000
Investment income received	8,451	6,678
Interest received		418
Royalties received	182,505	176,718
	250,956	183,814
Proceeds from sale ofinvestments	108,429	53,083
Purchase ofinvestments	(69,022)	(46,989)
NET CASH USED IN INVESTING ACTIVITIES	39,407	6,094
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
IN THE REPORTING PERIOD	89,150	33,581
Cash and cash equivalents at the beginning ofthe reporting period	293,659	260,078
CASH AND CASH EQUIVALENTS ATTHE END
OFTHE REPORTING PERIOD	382,809	293,659

		2021	2020
Profit and Loss Account
Turnover —Royalties		182,505	176,718
Cost ofSales		64454	47097
Gross Profit		118,051	129,621
Administration expenses		(5,000)	(5,000)
Amortisation ofIntangibles		12240	12240
Operating profit		100,811	112,381
Interest receivable			373
Profit on Ordinary
Activities Before Taxation		100,811	112,754
Tax on Profit on Ordinary	Activities
Profit for the Financial Year		100,811	112,754
Total equity/assets
ofthe subsidiary		100,811	112,754

lb.	Income charity: Donattons	Income charity: Donattons
					2021	2020
	Gift Aid distribution	from Subsidiary	-unrestricted		124,994	46,091
	Donations —restricted				60,000
	Total Donations				184994	46 091
2.	Resources expended
	Analysis ofGrants
	Grants committed at	31 December 2020			62,971
	Grant reductions/adjustments
	Grants committed in	2021		74613	74613
					137,584
	Grants paid in 2021
	Existing grants paid	in 2021		(15,971)
	New grants paid in 2021			(74,613)	(90,584)
	Total grants committed at 31December 2021				47,000

3.	Intangible Fixed Assets	Intangible Fixed Assets
	Group		Film Rights
	Cost at beginning and	end ofyear	487 365
	Amorti sation
	At beginning ofyear		322,085
	Charge for 12months	to 31December 2021	12,240
	To 31December 2021		334,325
	Net book value
	At 31December 2021		148,040
	At 31December 2020		160,280
4	Fixed asset investments
			Equities
	At beginning ofyear		344,287
	Gains/(losses)		37,514
	Additions/disposals		69,022
	Disposals at carrying value		(108,429)
	At end ofyear 31 December 2021		342,394

Cost at beginning	and end ofyear	474,065
Impairment
At the beginning	ofyear	336,770
Charge for the year		12,240
At end ofyear		349,010
Net book value
At 31December	2021	125,055
At 31December	2020	137295

Cash at bank
	Group		Foundation
	2021	2020	2021	2020
	f,		f.	f.
Current	324,576	271,360	96,954	29,491
Endowment	58,233	22,299	58,233	22,299
	382,809	293,659	155,187	51,789

6.	Creditors: amounts	Creditors: amounts	falling due within	falling due within	falling due within	one year
							Group	Foundation
						2021	2020	2021	2020
							f.	f.
	Grants committed					47,000	62,971	47,000	62,971
	Accruals					12,200	13,955	5,500	4,950
						59,200	76,926	52,500	67,921
7.	Creditors:	amounts		falling	due after	more than	one year
							Group	Foundation
						2021	2020	2021	2020
	Grants committed
8.	Analysis ofcharitable			funds
				Brought					Carried
					forward	Income	Expenditure	Gains/losses	forward
	Endowment			366,586			(3,473)	37,514	400,627
	Unrestricted	Funds		354,714		250,956	(192,254)		413,416
				721,300		250,956	(195,727)	37,514	814,043

Grants and commitments	2021
	Grants paid	Future commitments
British Academy ofFilm and Television Arts		15,000
British Film Institute	68,500	32,000
National Film and Television School	15,583
The Arts Fund	6,500
Total	90,583	47,000

Grants
19982000	195,369
2001-2005	1,572,269
2006-2010	1,649,064
2011-2015	1,187,389
2016-2020	1,082,821
2021	90,583
	5,777,496
Commitments	47,000
	5,824,496