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2023-12-31-accounts
| Reports |
Reports |
| Referenceandadministrativedetailsofthe |
|
| charity,itstrusteesandadvisers |
3 |
| Trustees'report |
4 |
| Independentauditor'sreport |
29 |
| FinancialStatements |
|
| Statementoffinancialactivities |
33 |
| Balancesheet |
34 |
| Statementofcashflows |
35 |
| Principal accountingpolicies |
36 |
| Notestothefinancialstatements |
40 |
| Trustees |
JohnStudzinskiCBE |
|
MatthewArmstrong |
|
JoyBrowne |
|
DavidLanCBE |
| TrusteeEmeritus |
MsgrVladimirFelzmann |
| CompanySecretary |
JoyBrowne |
| ManagingDirector |
HarrietCapaldi |
| Registeredoffice |
130WoodStreet |
|
London |
|
EC2V6DL |
| Administrativeoffice |
POBox72511 |
|
London |
|
SW39DZ |
| Telephone |
02038448658 |
| Email |
admin@genesisfoundation.org.uk |
| Website |
www.genesisfoundation.org.uk |
| Companyregistration |
04136427(EnglandandWales) |
| number |
|
| Charityregistration |
1084555 |
| number |
|
| Auditor |
BuzzacottLLP |
|
130WoodStreet |
|
London |
|
EC2V6DL |
| Bankers |
HSBCPrivateBank(UK)Limited |
|
78StJames'sStreet |
|
London |
|
SW1A1JB |
| Solicitors |
Farrer&CoLLP |
|
66Lincoln'sInnFields |
|
London |
|
WC2A3LH |
| TheGenesisFoundation(continued) |
|
|
|
2023 |
2022 |
|
Total |
Total |
|
£ |
£ |
| GenesisKickstartFund |
|
|
| .Grantsawarded |
|
360,000 |
| .Projectcosts |
8,196 |
41,499 |
|
8,196 |
401,499 |
| Artsprojects |
|
|
| .AlmeidaTheatre |
49,608 |
|
| .CathedralMusicTrust |
|
12,500 |
| .DurhamCathedral |
|
|
| .GenesisTheatreDesignProgramme |
100,000 |
|
| .NationalTheatre |
100,000 |
100,000 |
| .RoyalAcademy |
89,000 |
|
| .TheSixteen-GenesisSixteen |
156,000 |
155,000 |
| .YoungVicTheatre—GenesisDirectorsProject |
100,000 |
143,000 |
|
594,608 |
410,500 |
| Scholarshipsandgrants |
|
|
| .JewishBookWeek |
56,000 |
50,000 |
| .GenesisFoundationPrize |
10,000 |
15,000 |
|
66,000 |
65,000 |
| Commissions,concertsandevents |
|
|
| .Musiccommissions |
86,600 |
87,760 |
| .GenesisConversations |
34,041 |
40,697 |
| .NewmanConcert |
|
|
| .RomeArtPilgrimage2025 |
3,000 |
29,219 |
| .TowerofLondonConcert |
|
77,922 |
|
123,641 |
235,598 |
| Artisticcollaboration,donationsandcommunications |
174,031 |
155,645 |
| Supportcosts |
86,787 |
79,626 |
| Total |
1,053,263 |
1,347,868 |
|
|
Unrestricted |
funds |
|
|
Total |
Total |
|
|
2023 |
2022 |
|
Notes |
£ |
£ |
| Incomeandexpenditure |
|
|
|
| Incomefrom: |
|
|
|
| Donationsandlegacies |
1 |
291,904 |
415,810 |
| Totalincome |
|
291,904 |
415,810 |
| Expenditureon: |
|
|
|
| Charitableactivities |
|
|
|
| .Artsprojects |
2 |
188,310 |
193,739 |
| .Commissions,concertsandevents |
2 |
117,745 |
230,869 |
| .Otherdonations |
2 |
110 |
55 |
| Totalexpenditure |
|
306,165 |
424,663 |
| Net(expenditure)incomeandnetmovementinfunds |
7 |
(14,261) |
(8,853) |
| Reconciliationoffunds: |
|
|
|
| Fundbalancesbroughtforwardat1January |
|
(965) |
7,888 |
| Fundbalancescarriedforwardat31December |
|
(15,226) |
(965) |
|
|
2023 |
2023 |
2022 |
2022 |
|
Notes |
£ |
£ |
£ |
£ |
| Fixedassets: |
|
|
|
|
|
| Tangibleassets |
11 |
|
2,739 |
|
2,115 |
| Currentassets: |
|
|
|
|
|
| Debtors |
12 |
6,259 |
|
9,522 |
|
| Cashatbank |
|
5,209 |
|
8,247 |
|
| Totalcurrentassets |
|
11,468 |
|
17,769 |
|
| Liabilities: |
|
|
|
|
|
| Creditors:amountsfallingdue |
|
|
|
|
|
| withinoneyear |
13 |
(29,433) |
|
(20,849) |
|
| Netcurrent(liabilities) |
|
|
(17,965) |
|
(3,080) |
| Totalnet(liabilities) |
|
|
(15,226) |
|
(965) |
| Thefundsofthecharity: |
|
|
|
|
|
| Fundsandreserves |
|
|
|
|
|
| Unrestrictedfunds |
|
|
|
|
|
| .Generalfund |
|
|
(15,226) |
|
(965) |
| Totalcharityfunds |
|
|
(15,226) |
|
(965) |
|
|
2023 |
2022 |
|
Notes |
£ |
£ |
| Cashflowusedinoperatingactivities: |
|
|
|
| Netcashusedinoperatingactivities |
A |
(445) |
(14,257) |
| Cashflowfrominvestingactivities: |
|
|
|
| Purchaseoftangiblefixedassets |
A |
(2,593) |
(1,088) |
| Changeincashandcashequivalentsintheyear |
|
(3,038) |
(15,345) |
| Cashandcashequivalentsat1January |
B |
8,247 |
23,592 |
| Cashandcashequivalentsat31December |
B |
5,209 |
8,247 |
|
2023 |
2022 |
|
£ |
£ |
| Net(expenditure)(asperthestatementoffinancialactivities) |
(14,261) |
(8,853) |
| Adjustmentsfor: |
|
|
| Depreciationcharge |
1,969 |
1,327 |
| Decrease(increase)indebtors |
3,263 |
(312) |
| Decreaseincreditors |
8,584 |
(6,419) |
| Netcashusedinoperatingactivities |
(445) |
(14,257) |
| Analysisofnetdebt |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Cashatbankandinhand |
5,209 |
8,247 |
| Totalcashandcashequivalents |
5,209 |
8,247 |
| Donationsandlegacies |
|
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2023 |
2022 |
|
£ |
£ |
| Donationsfrom: |
|
|
| .Foundertrustee(seenote14)—donationsinkind |
83,333 |
132,855 |
| .GenesisAmerica(UK)Limited(seenote14) |
208,252 |
281,612 |
| .Otherdonations |
319 |
1,343 |
| Total |
291,904 |
415,810 |
| Charitableactivities |
|
|
|
|
|
|
Unrestricted |
funds |
|
|
|
Artist |
Support |
2023 |
|
Events |
Partnership |
Costs |
Total |
|
(note3) |
(note4) |
(note5) |
funds |
|
£ |
£ |
£ |
£ |
| Artsprojects |
— |
127,559 |
60,751 |
188,310 |
| Commissionsandevents |
37,041 |
54,668 |
26,036 |
117,745 |
| Otherdonations |
110 |
|
|
110 |
| 2023Totalfunds |
37,151 |
182,227 |
86,787 |
306,165 |
|
|
Unrestricted |
funds |
|
|
|
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 |
| Commissions,concertsandevents |
|
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2023 |
2022 |
|
£ |
£ |
| Commissions,concertsandevents |
|
|
| .GenesisConversations |
34,041 |
40,697 |
| .RomeArtPilgrimage2025 |
3,000 |
29,219 |
| .TowerofLondonConcert |
|
77,922 |
|
37,041 |
147,838 |
| Otherdonations |
|
|
| Other |
110 |
55 |
|
110 |
55 |
| Total |
37,151 |
147,893 |
| Artistpartnership |
|
|
|
|
|
Unrestricted |
funds |
|
|
Total |
Total |
|
|
2023 |
2022 |
| Artisticpartnership,projectanddevelopmentwork |
|
£ |
£ |
| .GenesisKickstartprojectcosts |
|
8,196 |
41,499 |
| .Websitedevelopment |
|
9,133 |
21,557 |
| .Consultancy |
|
52,177 |
56,342 |
| Communications |
|
112,720 |
77,746 |
|
|
182,226 |
197,144 |
|
|
Unrestricted |
funds |
|
|
Total |
Total |
|
|
2023 |
2022 |
| Partnershipcostsareallocatedacrosstheactivitiesasfollows: |
|
£ |
|
| Artsprojects |
70% |
127,559 |
138,001 |
| Commissionsandevents |
30% |
54,667 |
59,143 |
|
|
182,226 |
197,144 |
| Supportcosts |
|
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2023 |
2022 |
|
£ |
£ |
| Administration |
59,663 |
52,685 |
| Officeequipmentandsoftware |
1,708 |
1,367 |
| Depreciation |
1,969 |
1,327 |
| Bankchargesandinterest |
194 |
150 |
| Travelandaccommodation |
4,058 |
2,829 |
| Other |
1,470 |
467 |
| Governance(note6) |
17,725 |
20,801 |
| Total |
86,787 |
79,626 |
|
|
Unrestricted |
funds |
|
|
Total |
Total |
|
|
2023 |
2022 |
| Supportcostsareallocatedacrosstheactivitiesasfollows: |
|
£ |
£ |
| Artsprojects |
70% |
60,751 |
55,738 |
| Commissionsandevents |
30% |
26,036 |
23,888 |
|
|
86,787 |
79,626 |
| Governance |
|
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2023 |
2022 |
|
£ |
£ |
| Professionalfees |
15,964 |
19,312 |
| Insurance |
1,761 |
1,489 |
|
17,725 |
20,801 |
| Netexpenditureandnetmovementinfunds |
|
|
| Thisisstatedaftercharging: |
|
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2023 |
2022 |
|
£ |
£ |
| Staffandconsultancycosts(seenote8) |
210,836 |
199,589 |
| Auditor'sremuneration |
|
|
| .Statutoryauditservices |
12,460 |
12,720 |
| .Otherservices |
4,489 |
5,813 |
| Staffandconsultancycostsduringtheyearwereasfollo |
ws: |
|
|
Unrestricted |
funds |
|
Total |
Total |
|
2023 |
2022 |
|
£ |
£ |
| Wagesandsalaries,includingconsultancycosts |
200,673 |
189,477 |
| Socialsecuritycosts |
8,842 |
8,791 |
| Pensioncosts |
1,321 |
1,321 |
|
210,836 |
199,589 |
| Tangiblefixedassets |
|
|
|
|
Office
equipment |
Computer
equipment |
Total |
|
£ |
£ |
E |
| Cost |
|
|
|
| At1January2023 |
1,088 |
3,318 |
4,406 |
| Additions |
2,593 |
- |
2,593 |
| At31December2023 |
3,681 |
3,318 |
6,999 |
| Depreciation |
|
|
|
| At1January2023 |
363 |
1,928 |
2,291 |
| Chargeforperiod |
579 |
1,390 |
1,969 |
| At31December2023 |
942 |
3,318 |
4,260 |
| Netbookvalues |
|
|
|
| At31December2023 |
2,739 |
|
2,739 |
| At31December 2022 |
725 |
1,390 |
2,115 |
| Debtors |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Otherdebtorsandprepayments |
6,259 |
9,522 |
|
2023 |
2022 |
|
£ |
£ |
| Accruals |
13,720 |
12,900 |
| Tradecreditors |
15,713 |
7,838 |
| Othercreditors |
- |
111 |
|
29,433 |
20,849 |