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|Reports|Reports|
|---|---|
|Referenceandadministrativedetailsofthe||
|charity,itstrusteesandadvisers|3|
|Trustees'report|4|
|Independentauditor'sreport|29|



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|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|





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|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|





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|||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|





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|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|





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|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|





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|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|



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|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|





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|Tangiblefixedassets||||
|---|---|---|---|
||Office<br>equipment|Computer<br>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|



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|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|





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