COMPANIES HOUSE Genesis Foundation (previously known as The Sluds Trust) Annual Report and Financial Statements 31 Dècember 2025 Company Limited by Guarants? Reuistration Number 04136427 (England an¢ wa￿5) Charity Re9lstratyon Numbar 1084555 Genesis Foundation 1 Contents Reports Reference and administrative details of the charity, ils Iruslees and a(Iviser5 Trustees, report Independent auditorfs report 24 Financial Statoment5 Statement of financial activities 29 Balance sheet 30 Slalement of cash flows 31 Principal aceounling policies Notes to the financial slalemènts 32 36 Genesis FDundation 2 Rgf9rence and administrative details of the charlty, Its trLEStee8 and advlsers Year lo 31 De￿[￿ber 2025 Truste&s John StLJdzinski CBE Matthew Armstrong Joy Browne David Lan CBE Trustse Emeritus Msgr Vladimir Felzmann Company Sècretary Joy Browne Managlng Dlrector Harriet Capaldi Registèrèd office 130 Wood Street London EC2V 6DL Adminlstrative office PO Box 72511 London SW3 9DZ Telephone E Tn8il Website 020 3844 8658 admin@genesisfoundalion.org.uk www.genesisfoundalion.o¥g.uk Company reglstrallon number 04136427 (England and Wales) Charity registratlon number 1084555 Auditor Buzzacott Audit LLP 130 Wood Stre81 London EC2V 6DL Bankors HSBC Privatè Bank IUKI Limited 8 Cork Street London W1S 3LJ Solicltors Farrer & Co LLP 66 Lincoln's Inn Fields London WC2A 3LH Genesis Foundation 3 Tru$tge8' report Year to 31 December 2025 The Iruslees present their stalulory ieport together with the financial slalemenls of the Genesis Foundation forlhe year ended 31 December 2025. Up until 9 July 2021, the"Genèsis Foundation" was regislared under the narne of"The Studs Trust". The financial slalemenls have been prepared in accordance with the accounting policies sel out on pages 32 10 35 and comply with the charitable company's memorandum and articles of association, th& Charities Act 2011 and Accounting and Reporting by Charities.. applicable lo charities preparing their accounts in 8cttOrdan￿ with the Financial Reporting Standard applicable in the United Kingdorn and Republic of Irelan(S IFRS1021. GOVERNANCE, STRUCTURE AND MANAGEMENT Govamanc? The Genesis Foundalion is a company limited by guarantee and a r8gis18red charity. which undortakes arl8 projects. The Charitab￿ company's governing dockjmenl is its memorandum and articles ofassociation dated 5 Januafy 2001, amended by special resolution on 12 January 2￿1. The Iruslees are appointed or re-appointèd every three years by John Studzinski, Ihg Founder and Chaimian of the Genesis Foundation. The induction prO￿$S Consists of informing new trustees or employees ol thè Èthos and aims ol the Foundation, ils working practices and objectives. New trustees are briefed on all the Foundation's projects with partner organisations and with artists con¢erned, and on their rDle in helping lo steer the Foundation towards ils clearly articulated goals. Trustees are expected to Carry out their duties and responsibilities dilbJenlly. They constitute directors of the Charity for the purposes of the Companies Act 2006. There musl be al ￿3st three and not mor8 than five trustees, one third of whom must retire 8t each AGM. although they are free to be reappointed. The following trustees served throughout the period and were in office al the date of approval of these financial slatemenls. Trustees John Sludzinski CBE Matthew Aimslrong Joy Browne David Lan CBE John Studzinski CBE is an Arnerican-born Biilish asset manager, investment banker and philanthropist. In his roles as Wi￿ Chairman of PIMCO and a Managing Director he advances PIMCO'S global strategy and serves as a key strategic advisor to numerous dients and large pools of capital worldw¢de. As a dedicated philanthropist and thought leader, he places human dignily at the core of his programmes and projects. In 2001 John Studzinski established the Genesis Foundation with the aim of nurturing the careers of emeiging artists, and over the past decade. in addition to his continuing work with homelessness. h8s become dosely involved with initiatives lo er8dicate human trafficking and Genesis Foundation 4 Trustegs. report Year to 31 December 2025 modern slavery. Already vice-chair emeritus of Human Rights Watch, in 2015 he became 8 Co-founder of the Arise Foundation, which partners with local neiworks lo combat human trafficking, Since then he has joined The Rt Hon Theresa May MP and other inlern8tlonal leaders to form the Global Commission on Modern Slavery and Human Trafficking lestablished in 2023}, on which he serves as a commissioner. Previously, he served as non executive director of the UK Home Office's Business Against Slavery Forum, promoting transparency in business supply chains. John Sludzinski serves on a number of boards, including those of the American Associates of the Saint Catherine Foundation. FAPE, 8enjamin Franklin House, Castle Howard. J. Paul Gètty Trust. Jacob's Pillow and St. Patrick's Cathedral. He is also a member of The Allanlic Council and The Council on Foreign Relations, and in 2024 he was instslled as Chancelk)r of Leeds Trinity University. Before joining PIMCO in 2018, he was Vice Chairman and a Senior Managing Director al Blackslone, where he oversaw sovereign and institutional investor relationships for more than a decade. Previously. he was CtrHead of HSBC'S Corporate. Investment Banking and Marke15 Division and a member of the Group Management Board. He began his career al Morgan Stanley in 1980, where he worked for 24 year5, ultimately Serving as Head of European Investment Banking and Deputy Chaimian of Morgan Stanley Intemational. He holds an MSA from the Univefsily of Chicago and a bachelor's degree frorn Bowdoin College in Maine. In 2008, John Studzinski was named Commander olthe British Empire ICBEI in the Queen's New Year's Honours List lor service5 to the arts and charity, and he has also recewed the Papal honours of Knight of the Order of St. Gregory and Knight Conmander of Sl. Sylvester. the Montblanc de la Culture Art5 Patronage Award, the Beacon Pryze for Philanthropy. the Piince of Wales Medal for Arts Phikqnthropy. and the Prince of Wales Ambassador Award for his Work wtth the homeless. Matthew Armstrong was appointed Iruslee of the Genesis Foundation in March 2023, effeclSve from 30 June 2023. Matt is Ass(riale Director of PoI￿Y at the National Theatre. helping lo lead the theatre's relationships with Government. Previously he was Trustee of award-winning theatre company Wise Children, Trustee of The Curious School of Puppetry, Chair of scienc&inspired theatre company curious directlve, and held positions at the Royal Shakaspeare Company and Kneehigh Theatre. He has an MA in English Literature, with a specialism in Shakespeare, from the University of Warwick, and an MBA from the Unlveisity of Exeler. Matt was inslrLJmental in selling up the Genesis Music Theatre Programme, launching the Foundaliork's first ever partnership with the National Theatre. Joy BTown& runs John Studzinski's perstsnal office from southern Spain. where she lives with her famlly. Previously, She workaj in the banking industry in London and for 22 years she was PA to John Sludzinski in all his banking roles in the UK. She h8S SUPPOrted John Sludzinski in administration and advisory capacities with all aspects of his working and peisonal lrfe throughout this time, including his involvement with various charities in the UK and abroad. She shares John's interest in supporting emerging talent In the arts and is committed to helping him in his ¢harilable work. Genesis Foundation 5 Trusteg$' report Year lo 31 December 2025 David Lan CBE was appointed trustee of the Genesis Foundation in June 2022. Bom in sO￿h Africa, he lives in London. He has a PhD in social anthropology from LSE, was wrtter- in-residence al the Royal Court Theatre11994-961. artistic director of the Young Vic12000- 181, consulting artistic director al New York's Perolman Performing Arts Center12014-1618nd thealre associ8le al the Brooklyn Academy of Music12019-201. He is W-prOdu￿r of the global journeys of Little Amal in support of refugees12020-presentl as well 8s of The Herds. 2025 journey from thè Congo Basin lo the Arctic Circle. He has won multiple Olivier, Tony and other theatre awards. He is a board member ofthe Belarus Free Theatre and the Genesis Theatie Design Programme. His publrations include Guns and R&in.' Guemllas and Spirit Mediums in Zimbabw8, a volume of collected plays and a memoir As rfby Chanc&.' Journeys, Theatres, LtV8s. His play Thg Land of the Living was produced by the National Theatre in 2025. Msgr Vladimir Falzmann, who was a trustee of the Genesis Foundation from 2001-2023, now holds the honorary tille of Trustee Emeritus in recognition of his long and invaluable service to the Foundation. Kgy management personnel The trustees, together with Harriel Capaldi. Managing Director of the Genesis Foundation, ¢omprise the key management of the charty. in charge of dire¢ling, controlling and operating the charity on a day-tr)-day basis. Harrl$t Capaldi has been Managing Directorof the Genesis Foundation since ils inception in 2001. A BA (Honsl graduate of Durham University, where she read Music. she has had long and distinguished career in public relations IButson-Marstellar- London and New York) and in the classical record industry- she was Manager (Press & Arbsl Promotion) for Warner Classics UK in the 1990s. None of the trustees receives any remuneration or reimbursement of expenye5 in connection with their duties as trustees. The ￿MUneration of the Managing Direolor is sel annually by the Iruslees. statement of trustees, rospon$ibilitios The trustees (who are also dlreclors of the Genesis Foundation for the purposes of company lawl are responsible for preparing the Irusl89s' report and finan¢ial slalemenls in accordance wrth applicable18w and United Kir¥Jdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Iiustees lo prepare financial statemènts for each financial year which give a true and fair view of the stsle of affairs of the charitable ￿rnpanY and of the income and expenditure of the charrtable company for that period. In preparing these financial slalements, the twstees are roquired to.. select suitable accounting [KpI￿leS and then apply them cons¢slently', Genesis Founilalion 6 Trustees, report Year lo 31 Decembe¥ 2025 observe the methods and principles in Acwunting and Reporting by Char¢lies.' Statement of Recommended Practice applicable to chaTlties preparing their accounts in accordance with the Financial Reporting Standard applicable to the United Kingdom and Republic of Ireland IFRS 1021. make judgements and eslimales that are reasonable and prudent., slate whelhor applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explalned in the financial stalemenls.. and prepare the financial statements Dn the going concern basis unless il is inappropriate to presume that the charity will Continue in operation. The tiust8es are responsible for keeplng proper accounting records that disclose with reasonable accuracy al any lime the financial position of the charitable company and enable them to ensure Ihal the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the asseis of the charitable company and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities. Each ol the trustees ¢onfirms Ihal.. so far as the trustee ss aware, there is no relevant audit information of which the chaiily's auditor is unaware., and the trustee has taken all the Steps that helshe ought to have taken as 8 trustee in ￿der lo make himselflherself aware of any relevant audit infomiation and lo establish that the charity's auditor is aware of that infomialion. This confimation is given and should be inlerpreled in accordance with the provisions of s418 of thè Companies Act 20(￿. The trustees are responsible for the maintenance and integrity of the corporate information included on the chari18ble company's website. Legislation in the United Kingdom governing the preparation and dissemination ol financial statements may dsffer from legislation in other jurisdictions. The Managing Director of the Foundation has responsibillty, under the Board of trustees. for the overall organisalion and management of the Foundalion and for ils financial and other prwedures. The Managing Director meets with the trustees at least once a qu8rt8r and reports on all otYJoing buslness and possibl8 new approaches lo the charity for funding. In addition, the Managing Director communules with the trustees wa management reports and briefing documents and is also in regular contact with trustees in person and via telephone or email as required. The Managing Director has regular meetings with people at partner organis81ions who administer each of the major inilialives or programmes of the Genesis Foundation and recewes qu8rterly reports from each of them. Genesis Foundaiion 7 Trustgos. report Year to 31 December 2D25 Risk manag9ment The tnjslees have assessed the risks lo which the charity is exposed, in particular those relating lo the specific operational areas of the Foundation and its finances and have established consistent and effective systems to M￿￿gate those risks. John Sludzinski has undertaken personally lo underwrite all risks of the Foundation and ils works 8nd commitments. A key element in the management of financial risk is a regu18r review of available liquid funds lo settle donations as they fall due and regular liaison with the bank. The Genesis Foundation retains trustees of sufficient skill armj expertise to scrulinise the projects il supports and the quality of the inslilulions and people with which il collaborates. The Fc>undalion has a policy of collaborating with well-established and prestigious partners that already have a solid record af SuC￿$s. G6n85is Foundation inserts a 'key man. clause in ils conlracls.. if theie is a change in artistic leadership al any of its partner organisations, the Foundation can reconsider its funding and end the contract if deemed necessary. This situation has, lo datè, never arisen. The iigorous process of reporting and reviewing established by the Foundation assists it, and those il supports. in k*ping track on how its work is developing. This reV￿W process consistently trains the FoLJndalion's locus onlo the benefits that artists derive from its funding of their work. The Foundakn'on's policy is also to employ respected providers of professional servbces, thus ensuring high-quality advisory and operation81 support for its a¢tivilies. OBJECTIVES, ACTIVITIES AND RELEVANT POLICIES Public benefit The trustees ¢onfimi that they have referred to the guidance contained in the Charity Cornmission's general guidance on publ￿ benefit when reviewing the Foundation's objectives and aims and in planning futur& activities. The Genesis Foundation is a partnership belween Iwo UK charities, Genesis America (UK Ltd) and the Genesis FoundatK)n. Genesis America IUKI is the granl-making arm of the partnership. whilst the Genesis Foundation operates the Foundation's office, makes some smaller grants to organisalions, and organises events to promote the work and achievement of the artistic talent nurtured and developed by the Foundation's programmes. Through its webstte Iwww.genesisfoundalion.org.uk) and social media channels. and through public ielations and promotional activities undertaken by a team of communications specialists. the Genesis Foundation brings the Wofk of ils partner organisalions, and of the artists who are its beneficiaries, to the altenb'on of creative communities the gener81 public in the UK and around the wryrld. The trustees consider that the aims of the Genesis Foundation are demonstrably to the public benefit in that il aims.. Genesis Foundation 8 Trustees, report Year lo 31 December 2025 to fe8d and invigorate Ihealre. music and the visual arts in the UK- and more broadly the country's crealNe industries - and lo play 8 role in creating the cultural mernory of tomorrow, by: setting exceplion81ty talented young people fimly on the path lo fulfilling their creative and professional potential., supporting èxceptional artists in making crucial progress al a later. 'mid-Car￿￿ stage in their professional lives. provkling a range of structured OPPOflun((iès for people who show artistic proffli8e. through its partner programmes, to enable prestigious, progressive public-facing organisalions in the fields of thèatre. music, litèrature and visual ats to nurture the careers of OLJtstanding artists and creative professionals, both young and more mature, developing their talents anLI faci5ilaling their access to influential mentors, valuable networks and high-profile opportunities. through commissioning new musical works from both established and rising composers, whether directly or through its partner organisations, lo enrich and renew the fund of art available to the public, particularly in the field of works inspiied by faith. through the tsrgeted efforts and policies of ils tK>rtfolio of partners, to promote diversity in the creative Community and among audiences. to encourage creative and arbstic excellence. lo further innovation in the cultural sector and the crealivg use of lechnology by encouraging agility, adaptability and ièsourcefulness in artists, and to build and enhance their resilience, not least through enabling access lo mentoring and networks. The Genesis Foundation, in association with ils partner organisations, has so far furthered the careers of several thousand artists and creative professionals from many genies and backgrounds. Many Df them are achwiThJ. or have achieved, a substantial pU￿1C profile. Activities and spocific objectives The maln objective of the Genesis Foundation has always been to set exceptional 8rt1sts, whether at the beginning or in 31aler stage of their careers, firmly on the path lo fulfilling Iheir CTeatlve and professional potential. In addition, the Foundation has become an important commissioner of sacred choral music and has devoted considérable resources lo making these new works avai18bk to a wide publi¢. From time lo lime, il also sponsors carefully chosen events. including conGerts and exhibilions. particularly in the field of art inspired by religious faith. The primary vehicle for the Genesis Foundation's work Is Its arts projects. Since il was established in 2001, the Foundation has devoted more than £24 million to opening opportunities to exceptional artists from a diversity of backgrounds. As the funder of programmes designed to encourage, develop and provlde plafforms for exceptional ta￿￿t, Genèsis Foundation 9 Trustees, report Year to 31 December 2025 the Genesis Foundation acts as an enabling partner for a select group of established arts organisalions, all of which operale under Ihe leadership of inspired artislic directors. such as the Almeida, National Theatre, Royal Court Theatre and the choral group The Sixteen. The principal areas of focus for the Genesls Foundation's support 8rÈ the worlds of theatre. music, literature and the visual arts. Its purpose is not only to aid established arts organisalions in identifying exceptional creative tslenl for the future, but also lo nurture talent in a congenial, supportivè and professional anviionmenl. 50 that artists can continue to develop securely and ultimately meet their full polenlial. With all this in mind, the Genesis Foundation partners with a select group of respected and influential organisations on a vartety of artistic programmes. A complementary inilialive. launched in 2012, is the G&nesis Prize- renamed the Gonesis Foundation Prize in 2022,. it awards a grant of £25,000 to an outstanding mentor of arh5tic talent. The importance of mentoring is central lo the Foundation's beliefs and the prize is unique as the first and still the only award that specifically recDgnis2s individuals who give others (he confidence and in5piiation lo achieve artistic excellen￿ in their chosen arts field. John Studzinski has said that.. 'For mè, the key to philanthropy is the six Ts.. Time, Talent, Ties li.e. ne￿orkS and connections}, Trust, Technology and Treasure. So much of philanthropy is thought of in terms of Treasure, i.e. money, bul the real succgss of the Genesis Foundation lies in embracing Talent, nurturing that tslent. working as a team with our p8rtner5 and ¢re8ting a ne￿Ork that continually Supports every artist the Foundab'on has worked wllh." The Genesis Foundation seeks lo achieve maximum and sustained benefit for each of its recipients. Even when the artists have left the direcl tutelage of the Genesis Foundation's partner organisalions, the Foundation, like John Studzinski himself, continues to lake an active and supportive interest in Iheir careers and the artists will continue lo benefit from access lo the professional neiworks they were encouraged to develop as beneficiaries of the Foundation. Grant-making policy The Foundation believes in collaborating with partner organisations whose ethos. arti8tic leadership and achievements il admires. and, crucially, with individuals at those partner organisalions whom il respects, trusts and finds sympathetic. These principles are ieflected in the FoundatlDn's granl-making policy and in its approach lo iniliating, managing and developing partnerships. The Foundation's overall policy is to provide funding lo outstanding organisalions in tha arts rather than specific young and developing artists.. it trusts in the skill and luclgemenl of ils partners in selecting the t81enled people who will participate in and benefit from the programmes it lunds. Representatives of the Foundation a￿. however, actively involved in the sele¢tion process for recipients ol scholarships and prizes, and in the choice and briefing of professional creative artisls who are commissioned to produce new works in the context of its programmes. Genesis Foundation 10 Tru5tses' report Year to 31 December 2025 While commissions form a comtM)nenl of certain proje¢ts, the Genesis Foundation consistently places an emphasls on the processes of Irainlng, menloTing, creation and buildlng professional ne￿orkS, ralhor than simply on the production and presentation of an end product. This emphasis is taken into consideration in ils planning and gr8nt-making. Reflecting the wider phi18nihropic acllvltles of ils Founder and Ch8im)an, John Studzinski. from lime lo time Ihe Genesis Foundation supports Othercharities with which he is associated. Fundralsing statement Genesis Foundation does not raise funds from the general public, but doès receive some donations from supporters. The vast majorily of income received comprises donations from the charity's founder trustee. The cha¥ily has not received any complaints with regard lo fundraising practices and does not work with fundraising agents. GENESIS FOUNDATION IN 2025: OVERVIEW OF ACTIVITIES Gengsis Foundatlon Partners In 2025 the Genesis Foundation partnered wilh the following arts Organisations.. Performance partftérs + Almeida Theatre • Nalional Theatre • Young Vic Theatre • Royal Court Theatre • The Sixteen Trainlng partners Genesis Theatre DeskJn Programme Jewish Literary Foundation Royal Academy of Arts Prizes & special prolects Genesis Foundation Prize Genesis Conversations Commissioning Genesis Creative Industries Forum Genesis Foundation 11 Tru$tees' report Year to 31 December 2025 2025 Marketlng Summary Ggnesls Foundation Partnors Perfom?an¢e partners Almeida Theatre The Genesis Almeida New Playwrights, Big Plays programme, established in 2019, supports emerging and mid-career wrilers in developing new plays for larger stages, giving them the advantage ofspace and time lo experimentwith form and scale. Thè programme has enabled the Almeida to invest in supporb'ng emerging playwrighis in th8 creation of bold dramas that are ready lo go into production. In 2025 each writer on the two-year programme was commissioned to develop one new play with dramaturgical SLJPPOrt from the Almeida team, while also benefiting from mastsrclas$es led by distinguished playwrights, directors and theatre creatives. Ava P￿kett'S 1536, developed when she was a member of Cohort Two of the programme. opened at the Almeida in May 2025 to notable critical acdaim and to audiènce interest that was exceptional for a new play by a debut playwright. The play secured a Wesl End transfer and is dua lo open al the Ambassadors Theatre In May 2026. Throughout 2025. the programme presented readings beforg an invited audience (including theatre managers, agents and producers) of plays by Cohort Three wrrters., among them were A Retum to the Convent of Pleasure by Geoigia Bruce, What Jinnah Said by Shahi Iqbal Khan, The Town by Martha Loader (which in December 2025 won Loader the £15,000 George Devine Awardl and Special OGG&S￿n by Eoghan Quinn. These p￿yS have 8150 been under consKJeralion lor production by Dorninic Cooka. who in 2026 tskes over as the Almeida's Artistic Director from Rupert Goold, who will become Artistic Director ol Ihe Old Vio. Cohort Three12023-251 will be the last of New Playwrights, Big Plays programme, bul the Telationship between the Genesis Foundation and Ihe Almeida is set to Continue with a programmè developed in ¢ollaboration with Dominic Cooke. National Thèatre sin￿ 2019, the Genesis MUS￿ Theatre Programme. run in partnership with the National Theatre. has provided an environment for wrrters composèrs lo develop their original ideas for new musical theatre pieces. In addition lo nurturing new shows with dedicated resoufces at the NT Studio, the programme works to strengthen networks and collaboration across the UK musical theatre sector. Its aiffl is to play a determining role in the development of innovative musicals that can take their place on the UK'S most prominent stages. The Genesis Music Theatre Programme was established during the tenLJrÈ of Rulus Norris as Director of the National Theatre 12015-251. In 2025 the NT'S new D1￿Clor, Indhu Rubasingham, affirmed her commilmenl lo expanding the role of music al the Ihealre. In keeping wrth her declared intention to bring the world to the NT and lo lake the NT lo the Genesis Foundation 12 TTU5teÈ$' report Year lo 31 De￿rnber 2025 world, she re￿9￿lSeS the power of the muS￿al as a popular art form that can transcend cultur81 boundaries. The Genesis Music Theatre Programme has now been extended for a rther period ol three years. In 2025 the NT ¢onflmed that in 2026 il will formally commission a musical adaptation of a well-known novel that has been developed under the auspi￿ of the prograrnme since 2021. The creative team is playwri9ht stef Smith joined in 2025 by writer Lisa Kron and composer Isobel Waller-Bridge. Genesis Attachmenls- residencies at the NT Studio- encourage musical theatre creatives lo take rtsks. explore possibilities and devek)p initial ideas for new works. In 2025, Anoushka Lucas, Jess Edwards, Jessica Butcher, Finn Anderson, Stewart Mellon and Maimuna Memon completed their Att8chments. In addition. the NT Studio hosted two Work$￿pS for a newwork conceived for a young adult audience by Nicola T. Chang and Belhan Marlow. With support from the Genesis Foundation, the NT will rewew the Attachments programme with Ihe intention of broadening the range of projects in development and of bringing more projects lo production-readiness. June 2025 brought the release of the original cast recording of The Witches, a musical by Lucy Kirkwood and Dave Malloy, based on Roald Dahl's children's story and originally developed by the creative team under the auspices of the Genesis Music Theatre PTINJramme. The Witches enjoyed considerable success when premiered at the National Theatre in November 2023. • Young Vlc Theatre In 2025 the Genesis Foundation brought an end to its funding for the lon￿eStabliShed progrdmmes run in partnership with the YourKJ Vic Theatre. The first of these programmes, Ihe Genesis Directors Programme. look shape in 2003. 11 was followed by the pioneering Genesis Network leslablished in 20041, the Genesi5 Fellowship 120101 and the Genesis Future Diwlors Award 120121, which over its existen¢e provided exceptional opportunities and professional exposure for no fewer than 18 emerging directors. The funding agreernenl ran until May 2025, when Taio Lawson had completed his tenure as Genesis Fellow al the Young Vic. Royal Court Theatre In October 2025, w￿h the announcement of the three-yeaf Genesis Nexl Generation programme, the Genesis Foundation foTmally re-establi5hed its relationship with the Royal Court Theatre. Investing iri the full plpeline of new plays for the Royal Court's stages, the programme will support emerging and established Ihealre-makers a5 Ihey develop bold, original ideas. The Genesis Next Generation PTogr8mme puts the Royal Court in a position lo double its investment in in-house commissions. Beyond the commissioning of plays this investment embraces play-development labs {Genesis Labs) throughout the year and a serie5 of writers, groups, which in 2026 will expand lo cater for a total of 100 parbcipants. Under its Artistic Director David Byme the Royal Court- known as 'the writers, Ihealre. _ currently making its largest-ever investment in the next generation of playwright5. Its Genesis Foundation 13 Trustees, report Year lo 31 December 2025 commitment lo fostering exceptional new playwriting lalenl is of particular signrficance al a lime when theatres across the country are increasingly Cautious about staging new plays. (Writing In The Stage in December 2025. the Royal Court's Executive Dire¢tor, Will Young. quoted the BTilish Thealre Consortium's report of a 30°/o decline in productions of new plays since 2019.) 11 was in 1996 that John Stydzinski first supported the Royal Court's Inlernatiorial Playwrights, Programme and the Genesis Foundation went on to maintsin funding of the programme unlil 2017. As a consequen￿, over 300 writers from Tnore than 70 countri8s, working in over 40 languages, were able lo have their work read, developed and produced by the Ihealre's Intemational leam, headed by the late Elyse Dodgson11945-2018). David Byrne joined the Royal Court in 2024 and under his leadership the Genesis Next Generation programme will gain full momentum in the course of 2026, the year in which the Royal Court celebrates the 70th anniversary of ils establishment as the English Siage Company. Roll-out of the Genesis Next Generation prDgramme commenced in the lasl quarter of 2025. Among the initiatives was a 1 fvweek wrrter5' group and the provision of dedicated resources for writers finalising plays for prc*lu¢tion at the Royal Court in 2025 (Ryan Calais CameronlTh8 Afr(vJauts, Georgie DettmerlAre You Watching?). Opening in February 2026 is the first play to be developed in partnership with thè Genesis Foundation, The Shithaads by Jack Nicholls. Thanks to funding from the Foundation, addrtional lime and resources ¢ould be ¢Jevtsled to preparing the play for the stage and to &xpandÉng its theatrical scope. Th• Sixteen The Genesis Foundation's relationship with the world-class choral ensemble The Sixteen and ils founder-conduclor Harry Christophers dales back lo 20(* and the premiere of Afftong Angels, a work commissK>ned from composer Will T(￿d. Since then the Genesis Foundation has becorne one of the UK'S principal commissioners of new sacred choral music and the majority of the ￿sUltIng works have beèn piemiered by The Sixteen and Hairy Christophers. A major premiere scheduled for 2026 is James Macmillan's Angel Unawares, composed to a libretto by the late Robert Willis. The lenor soloist will be Matthew McKinney, an alumnus of Genesis Sixteen and the winner in 2024 01 the prestigious Kathleen Ferrier Awards. Launched in 2011, the Genesis Sixteen partnership programme nurtures the next generation of professional chor81 and ensemble singers and ¢￿ateS a bridge into the singing profession for students at conservatoriès and universlties. Made available free ol charge to exceptionally talented young singers a9ed 18-23, the annual progr2mme takes the form of four intensive Courses under the direction of Harry Chiislophers and associated perfoimance opportunities, including 8 public event at the end of e8ch course. Participants benefit from group luilion, individual mentoring, maslerclasses run by top V￿al experts and, as part of the programme's holistic approach, expert advice on such matleis 85 nutrition and vcEal heallh. Since 2014 the programmp has also included a scholarship for an emerging choral condLFCtor. Genesis Sixt&n singers regularly join forces with The Sixteen for large-scale concerts, and alumni of thè scheme have gone on to sing w((h leading professional groups, to take the enlreprenerial route ol estsblishing their own independent ensembles, lo make solo carèérs. and lo assume leadership positions in music education, community music projects and mtjs therapy. Genesis Foundation 14 Trustees. roport Year to 31 December 2025 In February 2025 Cohort 14 of Genesis Sixteen collaborated wf(h the string and vocal departments of the Royal Welsh College of Music and Drama on Handel's Dixit Dominus. A dislinclive aspect of this course was the opportunity for Genesis Sixteen's singers and conducling scholar to gain experience of perfoming with an ensemble of period instruments. • Genesis Sixteen participates in Choral Evensong annually al Magdalen College Chapel, Oxford, and in August 2025 Cohort 15 gave what Harry Chri8lophers described as 'the best first èvensong from a new cohort ever". The young singers had been p8rfomiing together for only four days and many of them were singing in a liturgical context ft)r the rirst time. In November in London. Cohort 15 spent a weekend working on music by Purcell and Monteverdi with continuo player Alastair Ross. In recent years a conscious effort has been made to achieve greater dwersity among participants in the programme and to encourage singers representing a wider range of abilrties, backgrounds and experien￿ to 8udition for Genesis Sixteen. The results of this are apparent in Cohort IS, further enriching the learning process for all participants. Alumni of Genesis Sixleèn continue to make their mark In the musical world, including alto Becky Jones {Cohort 21 who will be joining the elile BBC singer5, but one of the tenors currendy on the programme Icohort 151 is already a 'hot property. in the singing profession.. Albie Soriano has fecently been offered pM)silions wilh both Westminster Cathedral Choir and the BBC Singers. Genesis Foundation Partners Training partngnts Genesi$ Theatre Deslgn Programme The Genèsis Theatre Design Prograrnme, launched in 2023, is a twyear part-time course which provides free training and mentoring lo black and global-majorily students, aged 21 and above 8nd from socially and ec0n0rn￿a1IY ¢hallenging backgrounds, who are seeking cxreers in Performan￿ design, coslume design and stage design. The programme. the brainchikl of thè distinguished designer and direclor ULTZ. is run in co118boration with Clint Dyer, Associate Artist of the Nation81 Theatre. and lod and delivered free ol charge to participanis- by award-winning theatre professionals.. the British-Nigerian writer and direcloi Gbolahan Obisesan la fomier Genèsis Fellow al the Young Vicl and th6 theatre designer Sadeysa Greenaway-Bailey. The prograrnme runs for evenings a week al Mulberry University Technical College in E8St London and on Saturdays at the National Theatrè's design studio. Each term of the programme is centrèd on a design project, and the participants recelve training in theatre history. the relationship belween design and the principles of drama, and craft skills such as modelmakn'ng and costume rendeiing. They also benefit from visiting working theatre5, in pèrticular the National Theatre, which is a programme partner. At the NT they can follow design projects from conception lo execution and performance, while also dTawing on the resources of the NT'S Skills Centre. Genesis Foundation 15 Trustees, report Ye8r lo 31 December 2025 Highlights of the programm8 in 2025 included, in February. the students, presentab'on of their work to Queen Camilla, and, in September. an end-of-programme exhibition 8ttended by influential figures from the theatre industry, including several artistic directors and the world- renowned th6atre de5vJner Es Devlin, 8 trustee of the Genesis Theatre DeS￿n ProJramme. In 2025 the programme faculty formally introduced posl-course mentoring with the aim of building students, professional practice beyond Iraining. A particular priority is lo secure professional placements, whethèr with theatres or dèsigners, for graduates of the first cohorL' the intontion is to raise funding specifically for these placements. The first two years of th6 prograrnme, completèd by the first cohort of students in 2025. constituled a piltsl. In January 2026 the students of the next intake (Cohort 21 will start Ih@ir course, which will now run for￿0 full calendar years rather than iwo academic years. Training periods for cohorts will overlap (rather than being simply sequentl811 from January 2027, when the students in Cohort 3 will start their iwo-year course. due for completion in 2029. Jewi$h Literary Foundatlon The Genesis Emerging Writèrs Programme run by the Jewish Literary Foundation offers one- lo-one mènloring. bursaries, seminars and opportunities to 10 emerging wrvters of any age Ilhey have ranged from 19 to 761, from any background, and of any religion. The programme, covering fiction, non-fiction and p￿ty, 8ims lo lake each writer lo publication of a stkcific project and, more broadly, towards a career as a writer. The Programme was launched in 202D and runs annually from September to August. As the UK'5 leading platform for the dissemination of Jewish liler81ure and ideas, both nation8lly and internationally, the Jewish Literary Foundalion is in a positi'on to make mentoring of the highest ouallty available to emerging writers. Each participant in the programme is assigned an experienced and respected writer as a rnentor for the duration of a year.. over the programme's existence mentors have included winners of every major UK lrterary prize. In addition, participants gain valuable access to ne￿orkS and individuals in the world of publishing. The one-to-one mentoring is complemented by seminars, peer support sessions, and working days in London with the entire cohort. In March, the cohort presents a showcase at thè Jew5h Literary Foundation's annual festival, Jewish Book Week which lakes place 8t Kings Place in London. In May and June, the writers pr8S8nt their projects lo literary agents al Specially arranged meetings. An innovation in 2025 Ifunded Irom a source olhef than thè G8nesis Foundation) was a retreat weekend forlhe cohort in Wales, which took place in October and encompassed guided writing sessions, f&edback workshops and lime ft)r the writers lo work individually on Iheif manuscripts. Of the 50 alumni of the Genesis Emerging Writers Programme. 32 are now represented by a lilerary agent, and 20 of their books and P￿ty collections have achieved publ￿allon. Royal Acadèmy of Arts The Genesls Future Curalors Programme, inaugurated in Autumn 2023, provides salaried curatori81 positions atthe Royal Acaderny. The positions. one in the Royal Academy's Exhibitions department, the other in the Collections department, run for a fixed period of years. They provide an ex￿PIlonaj opportunity ftsr re￿nt arts graduates to gain a 360-degree view and hands-on professional experien￿ of life as a curator at a major instilulion. Rebecca Genesis Foundation 16 Trustees, report Year to 31 December 2025 Saller CBE, President of the Royal Acad8my and the recipient in 2020 of the Genesis Four¥Jation Prize, commits to taking an active rolè in mentoring the Cufalors throughout the placement. The programme'5 inaugural Genesis Future Curators, Natash8 Fyffe IExhibilionsl and Gabriel Jamroz (Collections), cornpleted Iheirlwo-yeartenures in September 2025. Their successors. Emily Pryke and Jada Mcmillan. 8rrN8d in October. In De￿Mber, Natasha Fyffe returned to the Royal Academy to take up a permanent role as Assistant Curator in the Exhibitions team. In March 2025, in preparat￿n for the arrwal at the Roy81 Academy of a tsavelllng show mounted in partnership with the Van Gogh Museum in Amsterdam, Natasha expanded her professional experience by 8ccompanying the project's exhibition manager on a worknng trip to the Netherlands in older lo determine transfer logistics. In February, Gabriel Jamroz facilitated the filming of an episode of the BBC TV documentary series In My Own Words. which profiles individual performers, a￿St$ and wrrters. The subject was Yinka Shonibare RA, who reflected on his at*'stic journey and inspirations. Not onSy did Gabriel collaborate with the TV crew, he also appeared in the programme presenting works from the Royal Academy archive. The progratnme was first broadcast in October 2025. Prizes & spècial projects Genesis Foundatlon Prize The Genesis Foundation Prize Tecognises an outstanding mentor ofartistic lalentwhosework has effected real change in the practice and carèers of arts professionals or graduates. First awarded in 2012, and standing at £25,000. rt is the only prize to recognise extraordinary talent lor mentoring in the arts and gives prizewinners the means lo invest furlher in their work. The 2025 prize was 8warded lo the thealie and opera director Joe Hill-Gibbins for his commitment lo fostering the next generation of crealive ta￿TrI. The prize will sUPPX)rt Hilk Gibbins, ambitious short film, This Is Your Five Minute C811, a 15-minute comedy-drama blending a fictional backstage opera crisis with the personal story of a family member's mental health crisis. It will also fund a mentorship programme for five emerging artists.. Crispln L￿￿, Jenny Ogilvie, Lucy Wray, Rosanna Vize and Leo Bill. Genesls Conversotlons Inaugurated in 2022. Genesis Conversations is 8 $&ries of public events, avallable free of char9e to audience members. Each Convorsalion is based on the Genesis Foundation's programmes, bringing together a panel of cultural leader5 and rising talent in the arts to discuss key issues in today's cultural world. Each discussion is followed by questions frum the audience. The events are organised in collaboratSon with the Genesis Foundation's partner Organlsations. and with other organisations asswialed with the Foundation. On 28 January 2025 the Royal Court Theatre hosted the Genesis Conversation 'Playwrights. Politics & Polarisalion,. Chaired by RDyal Court Artistic Director David Byme, the panel included Mark Borkowski (Founder, Borkowski PR). Lilli G8issendorfer Iconsultant and Facilitalorl, Katie Posner (Artistic Director, Paines Ploughl. Devyani Saltzman IDir8Ctor of Genesis Foundatlon 17 Truste•s' report Year to 31 December 202S Arts, Barbican) and Nina S8gal {Associale Playwright, Royal Court Theatre). The panel discussed the role of institutions in providing space for open discourse and pot8nt1811y controversial debate, and the aSs￿lated question5 of repuiational risk. On 25 September 2025 the Royal Academy of Arts hosted the Genesis Conv8rs8tton 'Risks. Rewards & Exhibition.. Cural¢c)n Today,. Chaired byjournalisl and broadcaster Samira Ahmed, the panel comprised Simon Wallis OBE (Secretary and Chigf Executive, Royal Academy of Arts). Daniel Slater (Director of Exhibitions, V&AI, Yesomi Umolu (Arts Leader and Cultural Slralegistl and Clarrie Wallis (Director, Turner Contemporary). The discussion, considering implications for CLJralorial risk.taking, @xploisd the impact on decision-m8king of institutional slruclures, funding models and location, and examined the lnfiuen￿ of commercial incentives on prograrnming. The evenl also presented an opportunity lo congratulate the first two Genesis Future Curators, Natasha Fyffe and Gabriel Jamr02, on the completiDn ol their two years at the Royal Academy. Commissionlng The Genesis Foundation has now commissioned more than 30 pieces of choral music on S8cred themes from contemporary composers. Angels on tlje Underground, premiered in May 2025 al the Young Vic's Maria Studio, is a 50- minute theatrical chamberwork for four soloists, ¢hoir, and four instruments. It was composed by Will Todd lin his fifth Genesis Foundation commission) lo a libretto by the mulli-8W8rd- winning Brf(ish author Sally Gardnei. Sel in and around a London Underground station, Angels on the Underground is described as "an intense examination of the desperation of a young lrfe spiralling out of control and an encounter with angels, sat within the dark tunnels under London" Directed by Aidan Lang, and with video projections by Nina Dunn, it was p￿mIered by The Sixteèn and Harry Christophers with principal singers selecled from alumrii of Genesls Sixteen. The production was filmed for future $c￿en1ng and dislribulion. In 8 complementary commissioning project. 'Voices of Angels'_ three choral pieces by three young female British composèrs, who had all benefited from the mentoring of Sir James Macmillan were premiered by The Sixteen and Harry Christophers in May 2025 in both London {at St James's Church, Piccadilly) and Cumnock (Sir James Ma¢Millan's home town and the location Df the Curnnock Tryst festival).. The Call of Gideon by Ninfea Cruttwell- Reade. The Callof Isaiah by Millicent B. Jamès, and The Song olJames the Son ofzebede by Lucy Walker. All three sel poems taken from the cycle Angels Unawares. which was commissioned by the Genesis Found81ion from poet Robart Willis, who served as Dean of Canterbury from 2001 to 2022 and died suddenly in October 2024. SIT James MacMi118n's setting of the entirety of Angels Unawarss- his eighth Genesis Foundation commission is lo be premiered al the Vatican and in London in 2026, performed by Th@ Sixteen and Brrtten Sinfonia and conducted by Harry Christophers. Genesis Creative Industrles Forum The Genesis Creative Industries Forum, launched in 2024 to convene leaders in the arts, medi8. government, policy and funding, recognises that the subsi￿lSed arts are integral lo the creative industri85. Their relationship wllh the exclusively wmmercial segment of the crealive industries is symbiotic not least when it comes lo the lifelong devèlopment of talent and Genesis Foundation 18 Trustoes, rgport Year lo 31 December 2025 skills, as Creative piofessionals move btheen the fv40 segments, whether as employees or freelancers. Forum events take place on an occasional basis, and 8 rOundlab￿ in May 2025 explored the need, amidst growing global challenge8. for courage and adaptability in reshaping and reinforcing the arts sector and sustaining innovative practi￿. Central themes included Ihe persi51enl challenge of sourcing funding and the iTnportance and potential of international collaboration. 2025 Marketing Summary In 2025 the Genesis Foundation continued lo Implement ils marketing activitiès almost entirely in the digtial and online space. The core audience remained arts professionals aged 25-34, with Linkedln providing access to a growing audience of professionals and opinion-fomers in the business and media arenas. VidaD-led storytelling was the preferred vehicle and high-quality video proved the most effective fomal for engaging audIen￿S across all platfoms (particularly Instagram, TikTok, and YouTubel, notably when ¢ampaigns were implemented with partner organisalions {Almeida Theatre, The Sixteen, Royal Court Theatre, Royal Academy Df Arts). The principal dMJital campaigns were= 'Volces of Angels, p￿MiereS.. a month-long campaign feabjring inleNiews, rehearsal l¢)olage, and promotional films, which achieved 20,200 views., Genesls ConversatEons.' filmed panel discussions with edrfied highlights and short-form clips: the Conversation al the Royal Court 8¢hieved more than 9,000 views., Angels on the Underground.. the entire performance was filmed for future screenintydislribution. An inlrodu¢lory film was also made. Social media Along with many other organisaliowis and individuals in the cultural sph8¥e. the Genesis Foundation chose lo wlhdrdw from the Elon Musk-owned X (formerly Twitter) and to opÈn an account on Thread5 Ilnstagram's text-b8sèd plafform). On Instagram itself. the Foundation's body of followers grew by nearly 30 /0 from 2,259 10 2,922 followers. The mosl-viewed reel covered Ava Pickett's Almeida play 1536 123,500 vI￿s1. On Linkedln. where John Studzinski has a strong personal presence. the numb8r of followers for the Genesis Foundation nearly doubled {to 6761. 8ehind-the-scenes video conlent perfomed especially well and the most popular post was the annoUn￿ment of the arrwal of the two new Genesis Future Curators al the Royal Academy12.900 views). TikTok'. Growth to 130+ follower8 and 3.300 lolal likes. Facebook." Growth to 896 followers Gènesis Foundation 19 Trustse$' report Year to 31 December 2025 Ganesi$ Foundation New$letter This quarterly email newS￿tter now reaches 1,0￿+ subscribers., 166 new 5ub5cribers joined in 2025. A Talent for Glvlng John Sludzinski's first book A falent for Giving was publsshed by Bloornsbury in the UK and USA in Autumn 2025. Aimed al a broad public, bul especially al people under the age of 35, rt explores the concept and practice of 'entrepreneuri81 giving, and works on the premise that we all havè il within us to become a philanthropist. In the LK)ok John Studzinski draws substantially on his experience with the Genesis Foundation. A Talent for Giving attracted extensive interest from journalists in the UK and USA, achi@ving coverage in a range of media including The Sunday Times. Financial Timés, CNN an￿ BloDmberg. The Finanoial Timo$ wrote.. 'The book makes a powerful, practical case for a hands-on. face-to-face approach to giving and volunteering. FINANCIAL REPORT FOR THE YEAR Genesis Foundatlon The Genesis Foundation is a partnership bebNeen the Genesis Foundation and Genesis America IUKI. This means that the attached financial statements only provide a partial report of the financial activity of the Genesis Foundation for the year. The following table has been drawn up lo give a financial report of all the Genesis Foundalion activity described In this trustees. report. 2025 Total 2024 Total Arts projects Almeida Theatre Genesis Theatre Design Progmmme National Theatre Royal Academy Royal Court - The Sixte8n - Genesis Sixteen Young Vi¢ Theatre- Genesis Direttor5 PrDj8Ct 30,870 250,000 200,000 175.410 350,1100 241,000 10.000 1,257,280 30,000 100,000 ioo,ow 89,OCM) 156,000 40,000 515,000 S¢holarshlp5 and grants Genesis Foundation Priz8 2S,000 25,000 25,000 25,0 CommOsslon8, concerts and evènts Music commissions Genesis CoTrv8rsati¢ns 265.935 50,700 5.000 55.700 265,935 Artlstlc collaboratton, donation8 and ¢ommunications 93.SOO 81,867 Support Costs 136,138 106,(K)3 Total 1,776,835 Genesis Foundation 20 783,570 Trusteos. rgport Year to 31 December 2025 Results for the year Details Df the Foundation's inwme and expenditure for the year are given in the statement of financial activities on page 29. The Foundation continued lo be supported mainly by John Sludzlnski, both directly and via Genesis America IUKI Limited. Financlal posltlon, reseNe$ policy and going concern assessment During the year, the tharity incurred a deficit of £13.24712024- surplus of £19,7851- The balance sheet shows overall deficit on funds of £8,688 12024 surplus of £4,559> however the Foundation held cash balances al year end of £8,87512024- £11,321), sufficient to ensure that Ir8de creditors are paid as they fall due and continued ID receive regularfunding following the year end dale. The Iruslees have examined the requirement for free reserves and consider that they need 8 minimurn of £10,000 as a bank balance al any given lime. In their opinion. this would provide sufficient liquidity to cover any fluctuations in income flows and in meeting other contingencies. At 31 December 2025, the ba18nce held within bank was £8,875 which fell short of the desired level. There is still work to be done to achieve Ihe aim of matching the lirning of the income with that of the expendrture. As stated under risk management, John Sludzinski is committed ID providing sufficient donations to meet the expenditure and liabilities of Ihe Foundation as they fall due and, on this basis, the Foundation is considered lo be a going concern. PLANS FOR FUTURE PERIODS 2026 will be a 18ndmark year for the Genesis Foundalion, since it brings the oiganisalion's 25th anniversary. In addi(ion. its Founder and Chairman, John Studzinski, will celebrate his 70th birthday,. following publication in Autumn 2025 of the hardback edition of his book A Talent for Giving, Bloomsbury is planning publication of a paperback edition. Prograrnme partners The Genesis Foundation has ¢ommltt&d lo funding programmes as far ahead as 2031. It will relain ils tight, bul crealive and resourceful focus on investment in a balanced. stable portfolio of evolving long-temi partnerships with established and respected arts oigar7isalions, and with the outstanding leaders of those organisalions. Each programme run in the Genesis Foundation's name is conceived lo fulfil a specific creative and functional need that would otherwise remain tjnmet. and lo occupy a specrfic niche that would otherwise remain empty. This is especially important al a lime when public funding foi arts and culture is being spread ever more thinly, when arts organisalions are becorning increasingly risk-averse, and when traditional approaches lo philanthropic funding are becoming out of phase wyih the evolution of society's altitudes and broader piaclice when It comes to giving. Genesis Foundation 21 Trustees. report Year lo 31 December 2025 The Foundation's funding will thus continue to nurture the devek)pment of a diversity of exceptional artists and creative professionals at different points in their careers. In dDing so il will continue to encourage a WKle range of audiences to discover and appreciate artistic endeavour that exemplifies excellence. 11 will also play a growing role in 'feeding' the UK'S creative industries and shaping the cultural memory of lomorT(IW. In early 2028 the Genesis Foundation wlll announce a new progralnme partner, the William Moriis Gallèry in Walihamstow. East London. The Genesis Pathways Pro9f8Tnmè will foster mor& inclusive professional p81hw8ys into the museum and heritage sector with a two-year pro9ramrne CDnnecliro an emerging local curator with a newly recnjiled mentee from the Gallery's local community- Waltham Forest, which is one of the most ethnically diverse k)¢al author(tSes in England. Based on the 2021 Census. ¢.64% of its population comes from ethnic groups other than While British or Irish., this compares to 26% across England. In June 2026, in partnership with The Sixteen and Sl James's ChurGh, Piccadilly, a noted concert venue, the Genesis Foundation will launch a five-year music programme, embracing both liturgical and non-lilurgical music-making, with an emphasis on collaboration and innDvative programming. St James's describes Itse￿ as a welcoming and inclusive Church of England church in the heart of London. As well as being a house of prayer, it strives lo be a place of irnaginalion, courage and hope, building communilywith people of all faiths and none. It is a pla￿ where everyone can reflect, belong, create and debate.- The FourKJation will also develop a new programme al the Almeida in collaboration with the theatre's new artistic director, DDminic Cooke. This will be the successor lo the Almeida's New Playwrights, Big Plays programme, which came lo an end in 2025 after six yeais. Commlssions Having commissioned ovei 30 new musical works, the Genesis Foundalion has established iiself as one of the leading UK commissioners of sacred choial musi¢. In March 2026, as the culmination of the Foundation's series of three commissions on the theme of angels. the premie￿ will take place in the Valic8n's Sistine Chapel of Ang81s Un8wares,' this 70-minLrte work for trumpets, strings, harp, soprano and lenor soloists and choir, was commissioned from Sir James Ma¢hAillan, whose Slabat mater. another Genesis Foundation commission. made an immediate and powerfkjl impact when preml&red in 2016. Angels Unawares sets a lexl compiled and adaptèd by Robert Willis, the former Dean of Canterbury who died Unex￿¢tedlY in Autumn 2024. The London premiere will follow in June 2026 at Cadogan Hall. As al the Vatican, Harry Christophers will condud The Sixteen, Brillen Sinfonia and soloists Elizabeth Watts Isopranol and Matthew McKinney Itenorl. Genesis Foundation 22 Tru$tg9$' report Year 10 31 December 2025 In M8rch 2026 a public screening will take place lat the Royal Society of Arts in London) of Angals on the Underground, a 51>minule theatrical chamber work wh￿h was premiered in May 2025 at the Young Vic's Maria Studio. The composer is Will Todd (producing hi5 fifth Genesis Foundallon ¢ommission}, who made a setting lor four vocal soloists, choir, and four instruments of a libretto by the mulli-award-winning British author Sally Gardn&r. The production is directed by Aidan Lang. the video projections are by Nina Dunn, and the performers are The Sixteen, Harry Christophers and principal singers selected from alumni of Genesis Sixteen.. Zahid Slddiqui, Jessica Cale, Rebecca Leggett and Michael Ron8n. Events & Thought leadershlp The Foundation will further develop the established series ol public Genesis Conv&rs81ions Ilive and online). Engaging with a variety of kèy issues in the cultural wortd, these events will continue to be staged in Collaboration with the Foundation's partner organisations. The Genesis Foundation will also continue lo act as a convener and encourage thought leadership by hosting the Genesis Creative Industries Forum. a series of occasional private events launched in May 2024. The Forum tskes a mullidisclplinary approach. bringing together cultural leaders, creative professionals, and infiuenllal figL¢res from the worlds of goveTnmenl, policy-making, business and philanthropy. TRUSTEES, EXPENSES AND INTERESTS IN CONTRACTS No trustee raceNed any remuneration for their services as a trustee and no trustee had any beneficial int8resl in any ¢onlr8Ct with the charity during the period. Approved by the trust*s and signed on their behalf by John SludzSnski CBE.. Data.. Genes&8 Foundation 23 Indepèndont auditorfs report 31 De¢ember 2025 Independènt auditor's report to the members of the Genesis Foundatlon Opinion We have audited the financial statements of the Genesis Foundalitsn Ilhe 'charilable company'l for the year ended 31 December 2025 which ￿MpriSe the 5tatemenl of financial aclivilies, the balance sheet, and ststement of cash flows, the principal accounting policies and the notes to the financial slalemenls. The financial reporting Iramework that has been applied in their preparation is applicable law and United Kingdom AccoLJnting Standards, including Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and Republi¢ of Ireland, (United Kingdorn Generalty Accepted AccountirrfJ Praclicel. In our opinion, the financial slalements.. • give a true and fair view of the stale ol the charitable company's affairs 8$ 8t 31 December 2025 and of its income and expenditure for the year then ended.. have been properly prepared in accordance with United KirrfJdom Generally Ac¢Èpted Accounting Practice.. and • have b*n prepared in accordance with the requiremènts of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance wtth International Standards on Audrting IUK) IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audil Df the financial statements section of our report. We are independent of the Charitable company in accordance with the ethical requiiemenls that are relevant lo our audit of the financial statements in Ihg UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other elhi¢al responsibilities in accordance Ihese requirements. We believe that the audff( eviden￿ we have obtsined is sufficient and appropriate lo provide a basis for our opinion. Concluslon8 relating to golng con¢om In auditing the financial slalemenls. we have concluded that the Iruslees. use of the going concern basis of accounting in the prepa18bon ol the financial statements Is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast signif1¢8nÉ doubl on the charitable company's ability lo continue as a going concern for a perK)d of at least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and th8 responsibilities of the Iruslees with respect to going concern are described in the rèlevant sections of this report. Genesis Foundation 24 Ind&pendenl auditorfs report 31 De￿mber 2025 Other informatlon The other information comprises the information included in the annual report, includiny the ITuslees' report. other than the finanryal statements and OUT auditor's Teport Ihereon. The Iruslees are responsible for the other information. The other information cornprises the inftsrm81ion included in the annual report and financial statements, other Ih8n the flnanci81 statements and our auditor's report Ihereon. Our opinion on the financial stalem8nls does not cover the other information and, except to the extent otherwise explicit￿ 5ts1ed in our ￿pOrt, we do not express any form of assurance conclusion Ihereon. The trustees are responsible for the other infomalion. Thè other information comprises the information included in the annual report and financi81 slatemenls, other than the financial statements and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other infomation and. except lo the extent otherwise explicitly staled in our report. we do not express any form of assurance conclusion Iher80n. In connection with our audit of the financial statements. our responsibllily is to read Ihe other information and, in doing so. consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the audit or olhenvise appears to be materially misslated. If we identify such material inconsistencies or apparent material misstslemenls, we are required to determine whelhef there is a material misstatemènt in the financial statements or a material rnisstatement of the other infom)alion. If, based on the work we have performed, we conclude thallhere is a material misslatewnenl of this other information. we are required lo report that fact. We have nothing lo report in this regard. Oplnlons on other matters prescribed by the Companie8 Act 2006 In our opinion, based on the Work undertaken in the course of the audit: • the information given in the trustees, report. which is also a directors. report for the purposes of company Eaw, for the financial year for which the financial stslements are piepared is consistent with the financial statements., and • the IrLJsle@S' report has been prepared in accordance Trmth appllcable legal requirements. Mattèrs on which we are required to report by exception In the light of the knowledge and underslanding ol the charitable company and ils environrnenl obtained in the course of the audit. we have not identified material misststements in the tTU5tees' report. We have nothing to report in respect of the following mallers in relatlon to which the Companies Act 2006 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept. or • the financial stslements are not in agreement with the accounting records,. or Genesis Foundation 25 Independent auditor's report 31 December 2025 • cortain disclosum of Iruste&s' remuneration specrfied by law are not made,. or • we have not received all the informalion and explanations we require for our audit,. or • Ihe trustees were not entitled to prepare the financial stslements in accordan￿ with the small Companies regime and Éake advantsge of the small companies. exemptions in preparing thè trustees, report and from the requirement to prepare a strategic report. Rgspon$lbllltles of trustees As explained more fully in Ihe trustees, responsibilities statemènt, IhetlUStees are responsible for the preparation of the fsnancial statements and for being satisfied thatthey give a trua and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statemènts that are fTe8 from material misslalement, whether due to fraud or error. In preparing the financial statements, the trust￿S are responsible for assessing the charitable company's ability lo continue as a going con￿rn, disc105ing, as applicable, rnatter5 related to going con￿rn and using the going ¢oncem basis of accounting unless the Iruslees either intend to liquidate the charitable company or to ceasa operations, or have no realistic allernalive bul to do so. Audito￿5 responsibilities for the audit of tho financial statgmenls Our objectfves are lo obtsin reasonable assurance about whether the financial statements as a whole arè free from mal&rial misslalemenl. wh8lher due lo fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordan￿ wilh ISAS {UKI will always delecl a m8teri81 misslaternents when it exists. Misstatements can arise from fraud or error and are consKlered material if, individually, or in the aggreg81e, they could feasonably be expected lo inflLIen￿ the economic decisions of users tsken on the basis of these financial slalemenls. Irwularitie5, including fraud, are instances of non-compliance with laws and regulations. We dèsign procedures in line with our responsibilities, ouuined above. lo detect material misslalements in respect of iiregulaiilies, including fraud. The extent lo which our procedures are capable of delecling irregularilEs, including traud is delalled below. Our approach to identifying and assessing the risks ol material misstatement in respect of 5rregula￿lie$, including fraud and non-compliance wilh laws and Tegulalions, was as follows.. + the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identsfy or recognise non-compliancè with applicable laws and regulations; and Genesis Foundation 26 Indep&ndgnt audltor'$ rgport 31 December 2025 • we obtained an understanding of the legal and regulatory framewot*s that are applSc8ble to the charitable company arKI determined that thè most significant frameworks which are directly relevant lo spectfic assertions in the financi81 stal8ments are those that relate lo the reporting frarnework Istalemenl of Recommended Pra¢ti¢e'. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Companies Act 2006). We assessed the $us￿ptibilY(Y of the charitable company's financial stslemenls to materi81 misstatement, including obtaining an understanding of how fraud mNJhl occur, by.. making enquiries of managernent as lo their knowledge of 8cIv81, suspected and alleged fraud,. and • Considering the internal controls in place lo rniligale risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we.. performed analytical procedures lo identrfy any unusual or unexpected felalionships., and • tested journal entries lo idenlrfy unusual transactions. In response to the risk of 1rraguiarit￿S and non-compliance with laws and regulations. we designed procedures which included, but were not limitèd to.. reading the minutes of meetings of thos& charged wilh governan￿., and • enquiring of management as to actual and potential litigation and claims. There are inherent limitations in our audit procedures described above. The more removed that laws and regulalions are from financial transactions. the less likely it that we Would become aware of non-compliance. Auditing standards also limit the audil procedures required to identfy non-complian￿ with laws and regulations to enquiry of the trustees and other man8gemenl and Ihe inspection of regulatory and legal corresponden￿, if any. Material misstatements that arise due lo fraud Can be harder to detect than those that arise from error as they may involve deliberate concealm8nl or collLJSiDn. A fvrther description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's wèbsite 81 www.frc.org.LJklauditorsresponsibilities. This description forms part of our atjditor's report. Ganesis Foundation 27 Independent auditorfs report 31 December 2025 Use of our report This report is made solely lo Ihe charitable company's rnembers. as a body, in a¢cord8nce with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the ¢haiilable company's members those maliers we are requirèd lo slate lo them in an audito¢s report and for no other purpose. To the fullest extenl permilied by Lgw, we do not accept or assume responsibility lo anyone other than the ¢harilable company and the charitable company's members as a body. for our audit work, for this report. or lor the opinions we have formed. Shachi Blakemore (Senior Statutory AuditOTI For and on behalf of Buzza(xtt Audit LLP, Statutory Auditor 130 Wood Street London EC2V 6DL Genesis Foundation 28 Statement of financial actlvllles Ilncorporating th& income and expenditural Year lo 31 Dec8mber 2025 un￿striCted funds Total Total 2025 2024 Notes Ineome and exp￿dIt￿re Income from.. Donation5 and legacies Total Income 351,273 3S1.273 285,370 285,370 ExpendSture on: Charitable adivilies . Arts projects . Commissions, ctncerts and 8vents Other donations Total expgndlture 199,120 160,400 5,000 364.520 182.339 83,146 100 265,585 Net lexpenditurel income and nat movement In funds 113,2471 19.785 Reconciltalfjon of fund8'. Fund balances brought foThvard at 1 Janu8ry Fund balances carnied forward at 31 DecembÈr 4,559 18,68UI 115,2261 4,559 All the Foun(Jation's activities during the above financial periods derived from continuing operations. All recognised gains and losses are included in the above stslement of financial actThiilies. Genesis Found8tion 29 Balance sheet 31 DeCeM￿r 2025 2025 2025 2024 2024 Notes Fixed assets: T8ngible assets 1,048 3,176 Current assets.. Debtors Cash al bank Total cUrr￿t assets 12 7,403 8,875 16,278 5.744 11.321 17.065 LiabilTt185'. Creditors.. amounts falling due within on& year 13 126,0141 115,6821 Net Curyent Illabilit18818588ts 19.7361 1.383 Total net Ilisbilrtiesl assets 18.6881 4,559 Th¢ funds of the charity: Funds and reserves UniestrKt8d fund$ General fund Total charity funds 18,6881 18,6881 4.559 4.S59 Approved by the trustees and signed on their behalf by= John Studzinski CBE Approved by the board on.. Company Limited by Guarantee Registration Number 04136427 (England and Wales) Genesis Foundation 30 statement of cash flows 31 December 2025 2025 2024 Notès Cash flow provided by used In operatlng a¢tlvttlgs'. Net C85h (used inl piovided by operating aclivities 12,4461 7.311 C8sh flow from investing actlvltles: Purchase of tangible fixed assets 11,1991 Chang8 in cash anil ¢a$h equlvalents In the year 12,4461 6,112 cash and cash equlvaients at 1 January 11,321 5,209 Cash and cash equlvatents at 31 D8cembgr 8,875 11,321 Notss to the statsment of cash flows for the year to 31 D8C8mber: A Reconciliation of net lexpenditurel Incom• to net cash flow from operatlng activiti9$ 2025 2024 Net18xp8nditur81 irtcom• las p•r the ststement of flnancial actNitie51 Adjustments for.. D8precwtion charge Loss on dispo881 of Fixed 8ssetS IlncreaseyDecr8ase in debto In¢re8selldecreasel in creditors Net cash Iu5ed inl provideil by operatin 113.2471 19.785 2,128 400 362 515 113,7511 7.311 11,6591 10,332 12,4461 a¢tivities B Analysis of net debt 2025 2024 Cash at bank and ITh hand Total cash and cash equlvalonts 8,875 8,875 11.321 11,321 The charity has no loans or overdr8fts, and net debt consists of solely cash al bank and al hand. As such, no reconciliation of net debt h8s been prepared. Genèsis Foundation 31 PrSnclpal ac¢ountlng pollcles 31 De￿rnbel 2025 The principal accounting policies adopted, judgements and key sources of estimation uncertainly in the preparation of the financial stslements are laid out below. Ba$is of accounting The financial statements have been prepared for the year lo 31 December 2025, presented in sterling and rounded to the nearest pound. The financial statements have been prepared underthe historical Cost convention with items initially recognised al cost or transaction value unless otherwise stated in the relevant accounting policies or the notes to these finanaal statements. The financial statements have b&en prepared in a¢coftlan¢e with Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicablè to charities preparing their a￿ount$ in accordance with the Financial Repgrting Standard applicable in the UK 8nd Republic of Ireland IFRS 1021 I'charilies FRS 102 SORP 2019,). the Financial Rèporting Standard applirxble the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The charily consltiules a public benefit entity as defined by FRS 102. Critical accounting ÈstlmatÈs and areas of judgement Preparation of the financial slalemenls requ1￿$ the Iruslees and management lo make signtficanl judgements and estimates. The items in the finanGk41 slalernenls where these judgements and estimates have been made include.. estimating the allo¢alion of support ¢osts; and estimating the useful economic life of tangible fixed assets for the purposes of determining the annual dep￿CIall0￿ charge. Assossmont of going concorn The trustees have assessed whelherthe use ofthe goir@ concern assumption is appropriate In preparing these financial stalemenls. The truslees have made this assessment in respect to a period of one year from the dale of approval of these financial statements. The trustees have concluded that. there are no material un¢ertainlies related to events or condrtions that may cast significant doubt on tha ability of the charity to continue as a going concern. The trustees are of the opinion that the charity will have sufficient resources lo méèt its liabilities as they fall due. One of the trustees, John Sludzinski, is committed lo ploviding sufficient donations lo meet the expenditure and liabilities of the Foundation and, on this basis, the Foundation is consldered to be a going concern. Genesis Foundation 32 Principal ac¢ountlng policies 31 December 2025 Income recognition Income is recognised in the period in which thè charity has entitlement to the income, the amount can be measured reliably and it is probable that the income will be received. Incorne comprises donations. interest recelvable and other incomè. Donations are reccMJnl8ed when the charty has ¢onfimialion of both the amount and settlement dale. In the event of donations p5edged bul not received, the amount is accru8d forwhen receipt is considered probable. In the event that a donation is subject lo Conditions that require a level of perfomiance before the charity is entilled lo the funds, the income is deferred and not recognised until ef(her those conditions are fully met. or the fulfilnEnt of those conditions Is wholly within the control of the charity and it is probable that those Conditions will be fully met in the reporting period. Donated services provided lo the charity are recognised in the period when rf( is probable that the economic benefits will flow lo the charity, providecl that they can be rneasured reliably. This is normally when the Servi￿ is provided. An equivalent amount is included as expenditure. Donated services are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay lo obtain services of equivalent e¢onomic benefit on the open market. Interest on funds held on deposit is included when receivable and the amount can be measured relSably'. this is nomially Up0￿ notification ol the interest paid or payable by the bank. Expendltyre recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commltling the ¢harily lo make a payment to a third party, il is probable that transfer or economic benefits will be received in setllemenl and the amount of the obligation can be meaSU￿d rèliably. All expendff¢ure is accounted for on an accruals basis. Expenditure compfises difft¢l costs and support costs. All expenses, including support costs, are allo¢aled or apportion￿ to the applicable expenditure headings. The ¢lassificalion between activit￿S is as follows.. Resources expended comprise the following: Expenditure on charitsble activities cornprises 811 costs assoGiale(I wllh funding the charitable purp(>ses of the charity through the provision of its charitsble activities. Such costs include.. • Grants payable to projeGI partners • Diiecl costs of projects • Support costs Genesls Foundation 33 Principal accounting pollclo$ 31 December 2025 Grants payable are included in the slalemenl of financial activities when approved and when the intènded ￿CIpient has either received the funds or been informed of the decision to make the grant and has satisfied all perfomance conditions. Grants approved bul not paid al the end of the financial year are accwed. Grants where the beneficiary has not been informed or has lo fvlfil performance conditlDns before the grant is released are not accrued for bul are disclosed as financial ¢ommilm8nts in the notes to the financial statemènts. b. Support costs represent indiiecl charitable expenditure. In order to carry out the primary purposes olthe ch8rity tt is necessary lo provide support in the fom ol the rnanagemenl of project partnerships. marketing and promotion, provision of office services and equipment and a suitable working environment. These costs are allocated out to the activities they are support¢ng on the basis described in note 5. Govemance costs comprise the costs attributable lo the governance of Ihe charity including audit costs and the necessary le9al procedures for compliance with statutory requirements. Any costs not directly attributable to specific actNfcles are apportioned on the basis of staff lime. All expendkture is stated inclusive of irrecoverable VAT. Debtors Debtors are recognised al the settlement amount, less any provisbon for non-recoverability. Prepayments ale valued al the amount prepaid. Thay have been discounted to the present value of the futur8 rash receipt where such discounting is material. Cash at bank and in hand Cash al b8nk and in hand represents such accounts and instruments that are 2vailable on demand or have a maturity of less than three months from the dale of acquisition. Credltors and provisions Creditors and provisions are recognised when there is an obligation al the balance sheet dale as a result of a past event, it is probable that a transfer of economic benefit will be required in settlemgnL and the amounl of the set￿ement can be estimated reliably. Creditors and provisions are recognised al the amount the charity anticipates il will pay to settle the debt. They have b*n discounled lo the present value of the future cash payment where such discounting is material. Fund accounting Unrestricted funds comprise ihose monies which are freely avai18ble for application towards achieving any Charitable purpose that falls within the charity's objects. Genesis Foundation 34 Prlncipal accountlng pollcles 31 December 2025 Tangible fixed assèts All assets costing more than £500 and wilh an expected life exceeding one year are capilalised. Computèr equipment is capilalised and doprecialed on a straight line basis over three years in order lo write11 off over its estsmated usefijl lrfe. Financial instNments The charity only holds basic financial instrLJments a5 defined in FRS 102. The financial assets and financial liabilities of the charity and their rneasuremenl basis are as follDWS'. FinanciBI ass&ls - other debtors are basic financial inStru￿nts and are debt instrumgnts measured al amortised cost, prepayments ale not a financial inslrumenl. Cash at bank- classified as a basic financial instrument and is measured at fa￿ value. FNnancial liabilitias ac¢ru8ls and other creditors are financial instruments 8nd are measured al arnortised cost. Genesis Foundation 35 Notes to thg financial statements 31 De￿rnbel 2025 1 Donations and lega¢lo$ unreStr¢t￿ funds Total Total 2025 2024 DonaliDn5 frcrn". Fo￿￿er trustee (see note 141- donatk)ns Sn kind . Genes15 America IUKI Limited (see note 141 Other donations Total 111,703 239,570 99,088 186,232 50 285,370 351,273 2 Charitable actlvltles UnroStrlct•d frJnd5 Atbst Events Partnetship IDolÈ 31 (note41 Support Costs Irthe 51 2025 Total funds Arts projècts Commtssions and events Otherdonations 2025 Total funds 104.524 44,798 94,sg6 40,541 199,120 160AOO S,OOD 364,520 75.063 5,000 80,063 149.320 135.137 unfft5l￿CIts￿ftsftos Artis1 Ev￿ts Partrtership (note 31 Inole 4) Suppcrt Costs Ingle 51 2024 Tol81 fvnds Artsprojects COnJmiss￿fts andevenl$ Othei don&t￿S 2034 fotallunds 108,737 46,345 74,202 31.607 182.339 83.146 100 265.685 S.￿0 #oo 5,100 154.482 106.003 3 Commlsslons, concerts and 8vents UnrestrKted fund5 Total Total 2025 2024 Commlsslon$. conc8rt$ and event$ Genesis Conversations . Ang818 on the Underground . Voices of Angel$ - AngeL8 Unawares 5.000 66,932 547 75,063 5,000 Oth8r donatlons other 5.000 100 Total 80,063 5.100 Genesis Foundation 36 Notes to the financlal $tatem&nts 31 D￿rnber 2025 4 Artlst partnership Unre$trl¢led funds Total Totsl 2025 2024 Artl$tSc partnership. pro . Website developrnent . Consultancy Communications ect and development wo S51 3.477 60.331 57.380 88,438 93,625 149,320 154,482 Unrèstricted funds Total Totsi 2025 2Q24 Partnership cost5 are 811ocated across the activitie$ as follow5.. Art8 projècts Commissions and events 104,524 44,796 149,320 108,137 46.345 154,482 30% 5 Support costs Unrestri¢ted funds Total Total 2025 2024 Administr8tion offi￿ equipment and So￿are Depreciation Bank charges 8n¢ intertst Tr8vel and accomrnodatson Other Govern8nce (note 61 Total 71,982 1,833 2,128 57.810 2,829 782 11g 3,735 725 40.223 106,003 2,030 1.002 56,068 135,137 Unrestricted funds Total Total 2025 2024 Support costs are alk)cated a¢ross the activibe5 as follow$'. Art5 projects Commissions and evenis 70% 94.596 40,541 135,137 74,202 31.801 106,003 6 Govèrnance Unr8Stri¢ted funds Total Total 2025 2024 Aud*t and accountancy fees Insurance Legal and professional f88S 14,796 1,960 39,312 56,068 21,629 1,822 16,772 40,223 7 Net (expenditure) Income and net movement in funds This is slated after charging.. Genesis Foundation 37 Notes to the financial statemènts 31 December 2025 Unrestricted funds Total Total 2025 2024 Staff and con8utt8ncy cost5 l$ee note 81 Auditof 5 remuneration Statutory audit services . Other servic85 201,521 194.328 11.000 7.347 10,530 4.344 8 Staff and consultancy costs and rnmuneration of managemènt pèrsonne5 Staff and consultsncy costs during the year were as follows.. Unrestricted funds Total Totsl 202S 2024 Wages and salaries. including consultancy costs Social security costs Pènsion costs 186.818 13,382 1,321 201,521 182,254 10.753 1,321 194,328 The remuneralion of one stsff mamber12024- one) of the Foundation is shown above along with costs associated wrth public relations. digital conlenl, project management and website consultants who support the organisalion in its operations. The key management personnel of the charity in chaige of direcling and conliolling, running and operating Ihe charity on a day-to-day basis compris& the Iru5tees and the Managing DI[￿tOr. Toial remuneration of key management during the year. inclu(Jing gross salary, payment for overtime, taxab￿ benefits, social securily and employer pension contributions was £111,703 12024.. £99,088), with gross salary within the banding £90,0014100,OQIO {2024.' one employee in £80,001- £90,000). 9 Trusteès. ramuneratton No trustee received any remuneration or reimbursement of expenses dur¢ng the period. 10 Taxation The Genesis Foundabon is a registered charity and therefore is not liable to income tax or capital gains tsx on income and gains derived from its charitable activities, as they fall within the various exemptions available lo registered charicies. Genesis Foundation 38 Notss to the finan¢lal statements 31 Decembgr 2025 11 Tanglbl& flxtd assets Office Computer equipment equipmant Totsl Cost At l January 2025 Additions Disposals At 31 Decemb81 2025 3.792 3,318 7.110 3,792 3,318 7.110 Depreclatlon At 1 January 2025 Charg8 for period At 31 December 2025 616 2,128 2.744 3,318 3,934 2.128 6,062 3.318 Net book values At 31 December 2025 At 31 December 2024 1,048 3,176 1,048 3,176 12 Dèbtors 2025 2024 Other debtors and pr8P8yments 7,403 5,744 13 Creditors= amounts falling due wlthln one year 2025 2024 Accruals Tradè creditors Other ¢reditors 23,001 2.410 603 26,014 15,158 34 492 15,682 14 Related party transactions Total donations. including gifts in kind, during the year of £111.70312024 £99,088) were piovided by the founder trustee, John Studzinski. In addilion, donations lotalling £239,570 12024 - £186,232) were received from Genesis America (UK) Limited (registered charity no 1103351). Genesis America IUKI Limited is registered charity and in the year. has the same Ituslees as Genesis Foundation. The charity h8s purchased trustee indemnity insurance lo protect ils Iruslees and offi￿rS against personal liability arising from the execution of their duties. For the financial year ended 31 December 2025, the cost of this insurance was £l..............l. The insurance Is funded by the charity and is not considered a personal benefit to the trustees. Genesis Foundation 39