2022-12-31-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	Statetnents
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
		10"'Floor, 103Colmore Row
		Birminghen
Bankers		Handelsbanken pic
		I Lakeside
		Festival Park
		Stoke on Trent
Investment	Managers	Sorbus Partners
		41aEastgate Street
		Stafford
Legal Advisers		Freeths LLP
		80Cumberland Place
		Mount Street
		Nottingham
Registered	Office	The Bradshaws
		Codsall
		Staffordshire
Charity		1067074
		Registered 23/12/1997
HMRC		EW70618

							2022	2021
				Note	Unrestricted Funds	Endowment Fund	Total Funds	Total Funds
Income
Royalties receivable					213,968		213,968	182,505
Donations								60,000
Investment income					8,535	91	8,626	8,451
Total income					222,503	91	222 594	250956
Expenditure on:
Raising funds			ia		63,812		63,812	81,692
Expenditure on	Charitable				30,908	3,191	34,099	114,035
Total Expenditure					94,720	3,191	97,911
								195,727
Net gains/(losses)		on investments				(14,327)	(14,327)	37,514
Net movement	in	funds
					127,783	(17,427)	110,356	92 743
Reconciliation	of	funds
Fund balances	1 January 2022				413,416	400,627	814,043	721,300
Fund balances	31December 2022				541,199	383,200	924,399	814,043

				2022	2022	2022	2021
				Unrestricted	Endowment	Total	Total
		Note		Funds	Funds	Funds	Funds
Income
Donations							60,000
Gift Aid donations		lb		213,051		213,051	124,994
Investment income				6,822	91	6,913	8,451
Total income				219,873	91	219,964	193,445
Expenditure
Expenditure on Charitable	activities		2	43,148	3,191	46,339	126,274
Total Expenditure				43,148	3,191	46,339	126,274
Net gains on investments					(14,327)	(14,327)	37,514
Net movement in funds				176,725	(17,427)	159,298	104,685
Reconciliation offunds
Fund balances I January	2022			169,509	400,627	570,136	465,451
Fund balances 31December		2022		346,234	383,200	729,434	570,136

		Note	2022	2021
Fixed Assets
Film rights			135,800	148,040
Investments			342075	342 394
			477,875	490,434
Current assets
Cash at bank and in	hand		460 909	382809
			460,909	382,809
Creditors: amounts	falling
due within one year		6	(~14385	59200
Net current assets			446 524	323609
Total assets less current liabilities			924,399	813,043
Creditors: amounts	falling
due after more than	one year	7
Net assets			924399	814043
	/gal
Represented by
Charitable funds:
Permanent Endowment		9	383,200	400,627
Unrestricted funds		9	541,199	413,416
Total charity funds		9	924,399	814,043

			Note	2022	2021
Fixed assets
Investments in subsidiary			4a	112,815	125,055
Invesbnents			4	342 075	342 394
				454,890	467,449
Current assets
Cash at bank and in	hand			280420	155 187
Creditors: amounts	falling due
within one year			6	(5,875)	52 500
Net current assets				274 545	(~102687
Total assets less current		IiabiTities		729,435	570,136
Creditors: amounts	falling due		after
more than one year
Net assets				729 435	570 136
Represented by
Charitable funds:
Permanent Endowment			9	383,200	400,627
Unrestricted funds			9	346,235	169,509
Total charity funds			9	729,435	570,136

		2022	2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income for the reporting period		110,356	92,743
Investment losses/(gains)		14,327	(37,514)
(Decrease) in creditors		(44,815)	(17,726)
Investment income received		(222,594)	(250,956)
Aznortisation		12,240	12,240
NET INCOME USED IN OPERATING ACTIVITIES		(130,486)	(201,213)
CASH FLOWS FROM INVESTING ACTIVITIES;
Donations			60,000
Investment income received		6,822	8,451
Interest received		1,804
Royalties received		213,968	182,505
		222,594	250,956
Proceeds from sale ofinvestments		121,939	108,429
Purchase ofinvestments		(135,947)	(69,022)
NET CASH USED IN INVESTING ACTIVITIES		(14,008)	39,407
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS
IN THE REPORTING PERIOD		78,100	89,150
Cash and cash equivalents at the beginning	ofthe reporting period	382,809	293,659
CASH AND CASH EQUIVALENTS AT THE END
OF THE REPORTING PERIOD		460,909	382,809

		2022	2021
Profit and Loss Account
Turnover —Royalties		213,968	182,505
Cost ofSales		~46 572	64454
Gross Profit		167,396	]18,051
Administration expenses		(5,000)	(5,000)
Amortisation ofIntangibles		~12240	12240
Operating profit		150,156	]00,811
Interest receivable		1,713
Profit on Ordinary
Activities Before Taxation		151,869	100,811
Tax on Profit on Ordinary	Activities
Profit for the Financial Year		151,869	100,811
Total equity/assets
ofthe subsidiary		151,869	100,811

				2022	2021
				E
	Gift Aid distribution	&om Subsidiary	—unrestricted	213,051	124,994
	Donations - restricted				60,000
	Total Donations			213051	184994
2.	Resources expended
	Analysis ofGrants
	Grants committed at	31December 2021		47,000
	Grant reductions/adjustments		(47,000)
	Grants committed in	2022	39265	~7735
				39,265
	Grants paid in 2022
	Existing grants paid	in 2022
	New grants paid in 2022		(39,265)	(39,265)
	Total grants committed at 31December 2022

3.	Intangible Fixed Assets
	Group	Film Rights
	Cost at beginning and end ofyear	482 365
	Amortis ation
	At beginning ofyear	334,325
	Charge for 12months to 31December 2022	12,240
	To31December 2022	346,565
	Net book value
	At 31December 2022	135,800
	At 31December 2021	148,040
4	Fixed asset investments
		Equities
	At beginning ofyear	342,394
	(Losses)/gains)	(14,327)
	Additions/disposals	135,947
	Disposals at carrying value	(121,939)
	At end ofyear 31December 2022	342,075

Cost at beginning	and end ofyear	474,065
Impairment
At the beginning	ofyear	349,010
Charge forthe year		12,240
At end ofyear		361,250
Net book value
At 31December	2022	112815
At 31December	2021	125055

Cash at bank
	Group		Foundation
	2022	2021	2022	2021
	8
Cuu cut	419,508	324,576	239,019	96,954
Endowment	41,401	58,233	41,401	58,233
	460,909	382,809	280,420	155,187

Creditors: amounts falling du	e within one year
		Group	Foundatton
	2022	2021	2022	2021
Grants committed		47,000		47,000
Accruals	14,385	12,200	5,875	5,500
	14,385	59,200	5,875	52,500

	Group		Foundation
2022		2021	2022 2021

		Brought				Cerned
		forward	Income	Expenditure	Gains/losses	forward
						8
Endowment		400,627	91	(3,191)	(14,327)	383,200
Unrestricted	Funds	413,416	222,503	(94,720)	-	541,199
		814,043	222,594	(97,911)	(14,327)	924,399

	Investments	Cash at	Creditors	Net assets
		bank
Endowment	342,075	41,401	(276)	383,200
Unrestricted	135,800	419,508	(14,109)	541,199
At 31 December 2022	477,875	460,909	(14,385)	924,399

Grants and commitments	2022
	Grants paid	Future commitments
British Academy ofFilm and Television Arts	20,000
Carnforth Railway/Heritage Centre	14,000
The Arts Fund	2,500
Royal Academy ofArts	2,050
National Film and Television School	715
Total	39,265