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2022-12-31-accounts
| Reports |
Reports |
| Referenceandadministrativedetailsofthe |
|
| charity,itstrusteesandadvisers |
1 |
| Trustees'report |
2 |
| Independentauditor'sreport |
23 |
| FinancialStatements |
|
| Statementoffinancialactivities |
27 |
| Balancesheet |
28 |
| Statementofcashflows |
29 |
| Principalaccountingpolicies |
30 |
| Notestothefinancialstatements |
34 |
| Trustees |
JohnStudzinskiCBE |
|
JoyBrowne |
|
MsgrVladimirFelzmann |
|
DavidLan |
| 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 |
|
2022 |
2021 |
|
Total |
Total |
|
£ |
£ |
| GenesisKickstartFund |
|
|
| .Grantsawarded |
360,000 |
640,000 |
| .Projectcosts |
41,499 |
80,635 |
|
401,499 |
720,635 |
| Artsprojects |
|
|
| .AlmeidaTheatre |
|
43,000 |
| .CathedralMusicTrust |
12,500 |
25,000 |
| .DurhamCathedral |
|
10,000 |
| .NationalTheatre |
100,000 |
125,000 |
| .TheSixteen-GenesisSixteen |
155,000 |
195,000 |
| .YoungVicTheatre—GenesisDirectorsProject |
143,000 |
63,250 |
|
410,500 |
461,250 |
| Scholarshipsandgrants |
|
|
| .JewishBookWeek |
50,000 |
37,500 |
| .GenesisPrize |
15,000 |
|
|
65,000 |
37,500 |
| Commissions,concertsandevents |
|
|
| .Musiccommissions |
87,760 |
44,700 |
| .LordMayorCulturalConversations |
40,697 |
66,000 |
| .NewmanConcert |
|
21,010 |
| .RomeArtPilgrimage2025 |
29,219 |
9,699 |
| .TowerofLondonConcert |
77,922 |
|
|
235,598 |
141,409 |
| Artisticcollaboration,donationsandcommunications |
155,645 |
136,191 |
| Supportcosts |
79,626 |
89,479 |
| Total |
1,347,868 |
1,586,464 |
|
|
Unrestricted |
funds |
|
|
Total |
Total |
|
|
2022 |
2021 |
|
Notes |
£ |
£ |
| Incomeandexpenditure |
|
|
|
| Incomefrom: |
|
|
|
| Donationsandlegacies |
1 |
415,810 |
413,544 |
| Totalincome |
|
415,810 |
413,544 |
| Expenditureon: |
|
|
|
| Charitableactivities |
|
|
|
| .Artsprojects |
2 |
193,739 |
213,398 |
| .Commissions,concertsandevents |
2 |
230,869 |
188,166 |
| .Otherdonations |
2 |
55 |
1,350 |
| Totalexpenditure |
|
424,663 |
402,914 |
| Net(expenditure)incomeandnetmovementinfunds |
7 |
(8,853) |
10,630 |
| Reconciliationoffunds: |
|
|
|
| Fundbalancesbroughtforwardat1January |
|
7,888 |
(2,742) |
| Fundbalancescarriedforwardat31December |
|
(965) |
7,888 |
|
|
2022 |
2022 |
2021 |
2021 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixedassets: |
|
|
|
|
|
| Tangibleassets |
11 |
|
2,115 |
|
2,354 |
| Currentassets: |
|
|
|
|
|
| Debtors |
12 |
9,522 |
|
9,210 |
|
| Cashatbank |
|
8,247 |
|
23,592 |
|
| Totalcurrentassets |
|
17,769 |
|
32,802 |
|
| Liabilities: |
|
|
|
|
|
| Creditors:amountsfallingdue |
|
|
|
|
|
| withinoneyear |
13 |
(20,849) |
|
(27,268) |
|
| Netcurrent(liabilities)assets |
|
|
(3,080) |
|
5,534 |
| Totalnet(liabilities)assets |
|
|
(965) |
|
7,888 |
| Thefundsofthecharity: |
|
|
|
|
|
| Fundsandreserves |
|
|
|
|
|
| Unrestrictedfunds |
|
|
|
|
|
| .Generalfund |
|
|
(965) |
|
7,888 |
| Totalcharityfunds |
|
|
(965) |
|
7,888 |
|
|
2022 |
2021 |
|
Notes |
£ |
£ |
| Cashflowusedinoperatingactivities: |
|
|
|
| Netcashusedinoperatingactivities |
A |
(14,257) |
(1,181) |
| Cashflowfrominvestingactivities: |
|
|
|
| Purchaseoftangiblefixedassets |
A |
(1,088) |
(3,318) |
| Changeincashandcashequivalentsintheyear |
|
(15,345) |
(4,499) |
| Cashandcashequivalentsat1January |
B |
23,592 |
28,091 |
| Cashandcashequivalentsat31December |
B |
8,247 |
23,592 |
|
2022 |
2021 |
|
£ |
£ |
| Net(expenditure)income(asperthestatementoffinancial |
(8,853) |
10,630 |
| activities) |
|
|
| Adjustmentsfor: |
|
|
| Depreciationcharge |
1,327 |
964 |
| (Increase)decreaseindebtors |
(312) |
128 |
| Decreaseincreditors |
(6,419) |
(12,903) |
| Netcashusedinoperatingactivities |
(14,257) |
(1,181) |
| Analysisofnetdebt |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Cashatbankandinhand |
8,247 |
23,592 |
| Totalcashandcashequivalents |
8,247 |
23,592 |
| Donationsandlegacies |
|
|
|
|
|
|
|
Unrestricted |
funds |
|
|
|
Total |
Total |
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
| Donationsfrom: |
|
|
|
|
| .Foundertrustee(seenote14)—donationsinkind |
|
132,855 |
|
83,625 |
| .GenesisAmerica(UK)Limited(seenote14) |
|
|
281,612 |
319,796 |
| .Otherdonations |
|
|
1,343 |
10,123 |
| Total |
|
|
415,810 |
413,544 |
| Charitableactivities |
|
|
|
|
|
|
Unrestrictedfunds |
|
|
|
|
Artist |
Support |
2022 |
|
Events |
Partnership |
Costs |
Total |
|
(note3) |
(note4) |
(note5) |
funds |
|
£ |
£ |
£ |
£ |
| Artsprojects |
— |
138,001 |
55,738 |
193,739 |
| Commissionsandevents |
147,838 |
59,143 |
23,888 |
230,869 |
| Otherdonations |
55 |
- |
- |
55 |
| 2022Totalfunds |
147,893 |
197,144 |
79,626 |
424,663 |
|
|
Unrestrictedfunds |
|
|
|
|
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 |
| Commissions,concertsandevents |
|
|
|
|
|
|
|
Unrestricted |
funds |
|
|
|
Total |
Total |
|
|
|
2022 |
2021 |
|
|
|
£ |
£ |
| Commissions,concertsandevents |
|
|
|
|
| .GenesisConversations |
|
|
40,697 |
66,000 |
| .NewmanConcert |
|
|
|
21,010 |
| .RomeArtPilgrimage2025 |
|
|
29,219 |
9,699 |
| .TowerofLondonConcert |
|
|
77,922 |
|
|
|
147,838 |
|
96,709 |
| Otherdonations |
|
|
|
|
| Other |
|
|
55 |
1,350 |
|
|
|
55 |
1,350 |
| Total |
|
147,893 |
|
98,059 |
| Artistpartnership |
|
|
|
|
|
Unrestricted |
funds |
|
|
Total |
Total |
|
|
2022 |
2021 |
| Artisticpartnership,projectanddevelopmentwork |
|
£ |
£ |
| .GenesisKickstartprojectcosts |
|
41,499 |
80,535 |
| .Websitedevelopment |
|
21,557 |
11,715 |
| .Consultancy |
|
56,342 |
43,254 |
| .Communications |
|
77,746 |
79,872 |
|
|
197,144 |
215,376 |
|
|
Unrestricted |
funds |
|
|
Total |
Total |
|
|
2022 |
2021 |
| Partnershipcostsareallocatedacrosstheactivitiesasfollows: |
|
£ |
£ |
| Artsprojects |
70% |
138,001 |
150,763 |
| Commissionsandevents |
30% |
59,143 |
64,613 |
|
|
197,144 |
215,376 |
| Supportcosts |
|
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2022 |
2021 |
|
£ |
£ |
| Administration |
52,685 |
52,225 |
| Officeequipmentandsoftware |
1,367 |
1,366 |
| Depreciation |
1,327 |
964 |
| Bankchargesandinterest |
150 |
378 |
| Travelandaccommodation |
2,829 |
1,471 |
| Other |
467 |
5,793 |
| Governance(note6) |
20,801 |
27,282 |
| Total |
79,626 |
89,479 |
|
|
Unrestricted |
funds |
|
|
Total |
Total |
|
|
2022 |
2021 |
| Supportcostsareallocatedacrosstheactivitiesasfollows: |
|
£ |
£ |
| Artsprojects |
70% |
55,738 |
62,635 |
| Commissionsandevents |
30% |
23,888 |
26,844 |
|
|
79,626 |
89,479 |
| Governance |
|
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2022 |
2021 |
|
£ |
£ |
| Professionalfees |
19,312 |
25,916 |
| Insurance |
1,489 |
1,366 |
|
20,801 |
27,282 |
|
Unrestricted |
funds |
|
Total |
Total |
|
2022 |
2021 |
|
£ |
£ |
| Staffandconsultancycosts(seenote8) |
199,589 |
220,696 |
| Auditor'sremuneration |
|
|
| .Statutoryauditservices |
12,720 |
10,920 |
| .Otherservices |
5,813 |
1,360 |
|
Unrestricted |
funds |
|
Total |
Total |
|
2022 |
2021 |
|
£ |
£ |
| Wagesandsalaries,includingconsultancycosts |
189,477 |
204,821 |
| Overtimepayments |
|
5,645 |
| Socialsecuritycosts |
8,791 |
8,910 |
| Pensioncosts |
1,321 |
1,320 |
|
199,589 |
220,696 |
| Tangiblefixedassets |
|
|
Computer |
|
equipment |
| Cost |
|
| At1January2022 |
3,318 |
| Additions |
1,088 |
| At31December2022 |
4,406 |
| Depreciation |
|
| At1January2022 |
964 |
| Chargeforperiod |
1,327 |
| At31December2022 |
2,291 |
| Netbookvalues |
|
| At31December2022 |
2,115 |
| At31December2021 |
2,354 |
| 12 |
Debtors |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Otherdebtorsandprepayments |
9,522 |
9,210 |
|
2022 |
2021 |
|
£ |
£ |
| Accruals |
12,900 |
12,782 |
| Tradecreditors |
7,838 |
13,050 |
| Othercreditors |
111 |
1,436 |
|
20,849 |
27,268 |