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|Reports|Reports|
|---|---|
|Referenceandadministrativedetailsofthe||
|charity,itstrusteesandadvisers|1|
|Trustees'report|2|
|Independentauditor'sreport|23|
|FinancialStatements||
|Statementoffinancialactivities|27|
|Balancesheet|28|
|Statementofcashflows|29|
|Principalaccountingpolicies|30|
|Notestothefinancialstatements|34|
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|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|
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||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|
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|||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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