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|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|





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|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|





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|||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|





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|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|





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|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|





## 

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|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|



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|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||





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|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|



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