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