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2021-12-31-accounts
| Reports |
|
| Referenceandadministrativedetailsofthe |
|
| charity,itstrusteesandadvisers |
1 |
| Trustees'report |
2 |
| Independentauditor'sreport |
24 |
| FinancialStatements |
|
| Statementoffinancialactivities |
28 |
| Balancesheet |
29 |
| Statementofcashflows |
30 |
| Principalaccountingpolicies |
31 |
| Notestothefinancialstatements |
35 |
| Trustees |
JoyBrowne |
|
MsgrVladimirFelzmann |
|
JohnStudzinskiCBE |
| CompanySecretary |
JoyBrowne |
| ManagingDirector |
HarrietCapaldi |
| Registeredoffice |
130WoodStreet |
|
London |
|
EC2V6DL |
| Administrativeoffice |
POBox72511 |
|
London |
|
SW39DZ |
| Telephone |
02038448658 |
| Email |
admin@genesisfoundation.org.uk |
| Website |
www.genesisfoundation.org.uk |
| Companyregistrationnumber |
04136427(EnglandandWales) |
| Charityregistrationnumber |
1084555 |
| Auditor |
BuzzacottLLP |
|
130WoodStreet |
|
London |
|
EC2V6DL |
| Bankers |
HSBCPrivateBank(UK)Limited |
|
78StJames'sStreet |
|
London |
|
SW1A1JB |
| Solicitors |
CharlesRussellSpeechlys |
|
5FleetPlace |
|
London |
|
EC4M7RD |
| FINANCIALREPORTFORTHEYEAR(continued) |
|
|
|
2021 |
2020 |
|
Total |
Total |
|
£ |
£ |
| GenesisKickstartFund |
|
|
| .Grantsawarded |
640,000 |
|
| .Projectcosts |
80,635 |
|
|
720,635 |
|
| Artsprojects |
|
|
| .AlmeidaTheatre |
43,000 |
43,000 |
| .CathedralMusicTrust |
25,000 |
10,000 |
| .DurhamCathedral |
10,000 |
|
| .NationalTheatre |
125,000 |
75,000 |
| .TheSixteen-GenesisSixteen |
195,000 |
155,000 |
| .YoungVicTheatre—GenesisDirectorsProject |
63,250 |
78,750 |
|
461,250 |
361,750 |
| Scholarshipsandgrants |
|
|
| .JewishBookWeek |
37,500 |
|
| .GenesisPrize |
|
25,000 |
| .Othergrantslessthan£10,000 |
|
25,000 |
|
37,500 |
50,000 |
| Covid-19grants |
|
100,000 |
| Cancelledorreturnedgrants |
|
(400,750) |
| Commissionsandevents |
|
|
| .Musiccommissions |
44,700 |
17,500 |
| .GenesisChristmasFilm |
|
8,624 |
| .LordMayorCulturalConversations |
66,000 |
65,856 |
| .NewmanConcert |
21,010 |
|
| .RomeArtPilgrimage2025 |
9,699 |
|
|
141,409 |
91,980 |
| Artisticcollaboration,donationsandcommunications |
136,191 |
152,293 |
| Supportcosts |
89,479 |
63,358 |
| Total |
1,586,464 |
418,631 |
|
|
Unrestricted |
funds |
|
|
Total |
Total |
|
|
2021 |
2020 |
|
Notes |
£ |
|
| Incomeandexpenditure |
|
|
|
| Incomefrom: |
|
|
|
| Donationsandlegacies |
1 |
413,544 |
330,178 |
| Totalincome |
|
413,544 |
330,178 |
| Expenditureon: |
|
|
|
| Charitableactivities |
|
|
|
| .Artsprojects |
2 |
198,155 |
136,923 |
| .Scholarships |
2 |
15,243 |
10,533 |
| .Commissionsandevents |
2 |
188,166 |
137,675 |
| .Otherdonations |
2 |
1,350 |
5,000 |
| Totalexpenditure |
|
402,914 |
290,131 |
| Netincomeandnetmovementinfunds |
7 |
10,630 |
40,047 |
| Reconciliationoffunds: |
|
|
|
| Fundbalancesbroughtforwardat1January |
|
(2,742) |
(42,789) |
| Fundbalancescarriedforwardat31December |
|
7,888 |
(2,742) |
John Studzinski
|
|
2021 |
2020 |
|
Notes |
|
|
| Cashflowfromoperatingactivities: |
|
|
|
| Netcash(usedin)providedbyoperatingactivities |
A |
(1,181) |
22,397 |
| Cashflowfrominvestingactivities: |
|
|
|
| Purchaseoftangiblefixedassets |
A |
(3,318) |
|
| Changeincashandcashequivalentsintheyear |
|
(4,499) |
22,397 |
| Cashandcashequivalentsat1January |
B |
28,091 |
5,694 |
| Cashandcashequivalentsat31December |
B |
23,592 |
28,091 |
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Netincome(asperthestatementoffinancialactivities) |
10,630 |
40,047 |
|
Adjustmentsfor: |
|
|
|
Depreciationcharge |
964 |
|
|
Decrease(increase)indebtors |
128 |
(5,705) |
|
Decreaseincreditors |
(12,903) |
(11,945) |
|
Netcash(usedin)providedbyoperatingactivities |
(1,181) |
22,397 |
| B |
Analysisofnetdebt |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Cashatbankandinhand |
23,592 |
28,091 |
|
Totalcashandcashequivalents |
23,592 |
28,091 |
| Donationsandlegacies |
|
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2021 |
2020 |
|
£ |
£ |
| Donationsfrom: |
|
|
| .Foundertrustee(seenote14)—donationsinkind |
83,625 |
77,207 |
| .GenesisAmerica(UK)Limited(seenote14) |
319,796 |
230,390 |
| .Otherdonations |
10,123 |
22,581 |
| Total |
413,544 |
330,178 |
| Charitableactivities |
|
|
|
|
|
|
Unrestricted |
funds |
|
|
|
Artist |
Support |
2021 |
|
Events |
Partnership |
Costs |
Total |
|
(note3) |
(note4) |
(note5) |
funds |
|
£ |
£ |
£ |
£ |
| Artsprojects |
|
150,763 |
62,635 |
213,398 |
| Commissionsandevents |
96,709 |
64,613 |
26,844 |
188,166 |
| Otherdonations |
1,350 |
|
|
1,350 |
| 2021Totalfunds |
98,059 |
215,376 |
89,479 |
402,914 |
|
|
Unrestricted |
funds |
|
|
|
Artist |
Support |
2020 |
|
Events |
Partnership |
Costs |
Total |
|
(note3) |
(note4) |
(note5) |
funds |
|
£ |
£ |
£ |
£ |
| Artsprojects |
|
103,105 |
44,351 |
147,456 |
| Commissionsandevents |
74,480 |
44,188 |
19,007 |
137,675 |
| Otherdonations |
5,000 |
|
|
5,000 |
| 2020Totalfunds |
79,480 |
147,293 |
63,358 |
290,131 |
| Commissionsandevents |
|
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2021 |
2020 |
|
£ |
£ |
| Commissionsandevents |
|
|
| .LordMayorCulturalConversations |
66,000 |
65,856 |
| .NewmanConcert |
21,010 |
|
| .RomeArtPilgrimage2025 |
9,699 |
|
| .GenesisChristmasFilm |
|
8,624 |
|
96,709 |
74,480 |
| Otherdonations |
|
|
| Other |
1,350 |
5,000 |
|
1,350 |
5,000 |
| Total |
98,059 |
79,480 |
| Artistpartnership |
|
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2021 |
2020 |
| Artisticpartnership,projectanddevelopmentwork |
£ |
£ |
| .GenesisKickstartprojectcosts |
80,635 |
22,046 |
| .Websitedevelopment |
11,715 |
20,839 |
| .Consultancy |
43,254 |
39,048 |
| .Communications |
79,872 |
65,360 |
|
215,376 |
147,293 |
|
|
Unrestricted |
funds |
|
|
Total |
Total |
|
|
2021 |
2020 |
| Partnershipcostsareallocatedacrosstheactivitiesasfollows: |
|
£ |
£ |
| Artsprojects |
70% |
150,763 |
103,105 |
| Commissionsandevents |
30% |
64,613 |
44,188 |
|
|
215,376 |
147,293 |
| Supportcosts |
|
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2021 |
2020 |
|
£ |
£ |
| Administration |
52,225 |
49,403 |
| Officeequipmentandsoftware |
1,366 |
1,268 |
| Depreciation |
964 |
— |
| Bankchargesandinterest |
378 |
49 |
| Travelandaccommodation |
1,471 |
889 |
| Other |
5,793 |
180 |
| Governance(note6) |
27,282 |
11,569 |
| Total |
89,479 |
63,358 |
|
|
Unrestricted |
funds |
|
|
Total |
Total |
|
|
2021 |
2020 |
| Supportcostsareallocatedacrosstheactivitiesasfollows: |
|
£ |
£ |
| Artsprojects |
70% |
62,635 |
44,351 |
| Commissionsandevents |
30% |
26,844 |
19,007 |
|
|
89,479 |
63,358 |
| Governance |
|
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2021 |
2020 |
|
£ |
£ |
| Professionalfees |
25,916 |
9,726 |
| Insurance |
1,366 |
1,843 |
|
27,282 |
11,569 |
|
Unrestricted |
funds |
|
Total |
Total |
|
2021 |
2020 |
|
£ |
£ |
| Staffcosts(seenote8) |
83,625 |
77,207 |
| Auditor'sremuneration |
|
|
| .Statutoryauditservices—currentyear |
10,000 |
8,650 |
| .Statutoryauditservices—prioryear |
920 |
|
| .Otherservices—currentyear |
1,360 |
4,500 |
| .Otherservices—prioryear |
|
996 |
|
Unrestricted |
funds |
|
Total |
Total |
|
2021 |
2020 |
|
£ |
£ |
| Wagesandsalaries |
67,750 |
67,750 |
| Overtimepayments |
5,645 |
- |
| Socialsecuritycosts |
8,910 |
8,143 |
| Pensioncosts |
1,320 |
1,314 |
|
83,625 |
77,207 |
| Tangiblefixedassets |
|
|
Computer |
|
equipment |
| Cost |
|
| At1January2021 |
3,057 |
| Additions |
3,318 |
| Disposals |
(3,057) |
| At31December2021 |
3,318 |
| Depreciation |
|
| At1January2021 |
3,057 |
| Chargeforperiod |
964 |
| Eliminatedondisposal |
(3,057) |
| At31December2021 |
964 |
| Netbookvalues |
|
| At31December2021 |
2,354 |
| At31December2020 |
|
| Debtors |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Otherdebtorsandprepayments |
9,210 |
9,338 |
| Creditors:amountsfallingduewithinoneyear |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Accruals |
12,782 |
31,614 |
| Tradecreditors |
13,050 |
8,139 |
| Othercreditors |
1,436 |
418 |
|
27,268 |
40,171 |