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