**Charity No. 1086343 (England and Wales)** ## **THE LIONEL BART FOUNDATION** **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 5 APRIL 2024** ## **THE LIONEL BART FOUNDATION** ## **CONTENTS** ||Page| |---|---| |Trust information|1| |Legal and administrative details|2| |Trustees' report|3-4| |Independent examiner's report|5-6| |Statement of financial activities|7| |Balance sheet|8| |Notes to the financial statements|9-10| ## **THE LIONEL BART FOUNDATION** ## **TRUST INFORMATION** |Trustees:|J M R Cohen| |---|---| ||M Webber| ||M Pruskin| ||C Kendall| |Trust office address:|Clintons| ||55 Drury Lane| ||London| ||WC2B 5SQ| |Accountant:|Harris & Trotter LLP| ||101 New Cavendish Street| ||1st Floor South| ||London| ||W1W 6XH| |Independent examiner:|Brindley Goldstein Ltd| ||103 High Street| ||Waltham cross| ||Hertfordshire| ||EN8 7AN| |Charity Commission|| |registered number:|1086343| **1** ## **THE LIONEL BART FOUNDATION** ## **LEGAL AND ADMINISTRATIVE DETAILS AS AT 5 APRIL 2024** The Lionel Bart Foundation was established under a trust deed dated 3 February 2001 The trustees of The Lionel Bart Foundation shall hold the trust funds and its income upon trust to apply them for all charitable purposes allowed by law within England and Wales. **2** ## **THE LIONEL BART FOUNDATION** ## **TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024** ## **Introduction** The Trustees submit the statutory report and accounts of The Lionel Bart Foundation for the year ended 5 April 2024. ## **Charitable Objectives** The objective of the Charity is to invite applications for bursary awards from various theatrical schools ## **Review of financial position** The Trustees consider that the financial position of the Trust as at 5 April 2024 is healthy. The charity receives total income of £30,682 (2023: £16,773) from The Lionel Bart Royalties Trust. The charity paid bursaries to theatrical schools totalling £25,800 (2023: £70,500) ## **Organisation** The organisation of all activities relating to The Lionel Bart Foundation is carried out by the Trustees. **3** ## **THE LIONEL BART FOUNDATION** ## **TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 5 APRIL 2024** ## **Responsibilities of the trustees** The charity's trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with the applicable law and regulations. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expenditure of the charity for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and accounting estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, - prepare the financial statements on the going concern basis unless it is The trustees are responsible for keeping adequate accounting records that are On behalf of the board of Trustees C Kendall **Trustee** Dated: **4** ## **Independent examiner's report on the accounts** **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name The Lionel Bart Foundation **members of** ~~—~~ **On accounts for the year** 05 April 2024 **Charity no** 1086343 **ended (if any)** ~~pe~~ ## **Charity no** 1086343 **(if any)** (remember to include the page numbers of additional sheets) - 1-2 (remember to include the page numbers of additional sheets) - ~~Po~~ **Set out on pages** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: **Respective responsibilities of trustees and examiner** - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - • to state whether matters have come to my attention. - **Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. - **Independent** In connection with my examination, no matter has come to my attention - **examiner's statement** (other than that disclosed below *) 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act - have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **Date:** 06/09/24 **Signed:** ~~—~~ **Name:** CHARLES GOLDSTEIN **Relevant professional** CHARTERED ACCOUNTANT ~~PC~~ 1 **IER** **March 2012** **qualification(s) or body (if any):** **Address:** BRINDLEY GOLDSTEIN 103 HIGH STREET[WALTHAM CROSS ] EN8 7AN ## **Section B Disclosure** Only complete if the examiner needs to highlight material problems. 2 **IER** **March 2012** **Give here brief details of any items that the examiner wishes to disclose** . 3 **IER** **March 2012** ## **THE LIONEL BART FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024** |**Notes**
**Incoming resources**
The Lionel Bart Royalties Trust
Gift aid
**Other receipts**
Bank interest
2
**Direct charitable expenditure**
Bursaries paid
Bank charges
Independent examination fee
**Net (outgoing) / incoming resources**|**2024**|**£**
38,353
231
38,584
(26,899)
**11,685**|**2023**|**2023**| |---|---|---|---|---| ||**£**
30,682
7,671||**£**
16,773
4,193|**£**
20,966
22| ||(25,800)
(482)
(617)||(70,500)
(385)
-|| |||||20,988| |||||(70,885)| |||||| |||||**(49,897)**| **7** ## **THE LIONEL BART FOUNDATION** ## **BALANCE SHEET AS AT 5 APRIL 2024** |**Notes**
**Current assets**
Debtors
3
Cash at bank and in hand
4
**Current liabilities**
Provision due to Lionel Bart Royalties Trust
Accruals
**Net assets**
**Funds of the Charity**
**Unrestricted funds**
Balance b/fwd
Net incoming resources
**Total Charity Funds**|**2024**|**£**
55,195
(10,850)
44,345
32,660
11,685
44,345|**2023**|**2023**| |---|---|---|---|---| ||31,649
23,546||20,966
12,737|**£**
33,703
(1,043)| ||(10,000)
(850)||-
(1,043)|| |||||| |||||32,660| |||||82,557
(49,897)| |||||32,660| These financial statements have been prepared in accordance with Charities SORP (FRS102) - Accounting and Reporting by Charities. The accounts were approved by the trustees on C Kendall **Trustees** **8** ## **THE LIONEL BART FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024** ## **1 Accounting policies** ## **1.1 Basis of accounting** These accounts have been prepared under the accruals and in accordance with applicable accounting standards and the Statement of Reporting Practice by Charities. ## **1.2** ## **Income** Donations and gifts are credited to the statement of financial activities in the year which they are accrued (including any amount of tax credits). ## **1.3 Expenditure** All expenditure is accounted for gross, when accrued. Direct charitable expenditure comprises direct expenses incurred in pursuit of the defined charitable purposes of the charity. ## **1.4 Investment income** This and any associated tax credits are included in the accounts when due. ## **1.5 Fund Accounting** The general fund comprises of those monies which may be used towards meeting the charitable objectives of the charity at the discretion of the Trustees. ## **2 Other interest receivable** - **3** |Bank interest (gross)
Other interest
**Debtors**
Annual net distribution from The Lionel Bart Royalties Trust
Gift aid relief claim|**2024**
**£**
120
111
231
**2024**
**£**
23,978
7,671
31,649|**2023**
**£**
3
19| |---|---|---| |||22| |||**2023**
**£**
16,773
4,193| |||20,966| **9** ## **THE LIONEL BART FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024** |**4**
**Cash at bank and in hand**
**2024**
**£**
Clintons bank account
7,543
Coutts Current bank account
1,000
Coutts reserve account
15,003
23,546
**5**
**Reconciliation of movements in funds**
**2024**
**£**
Opening fund balances
32,660
Net incoming resources
11,685
44,345
**6**
**Trustees' remuneration and expenses**
During the Year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the Year, no Trustee expenses have been incurred (2023 - £NIL).|**2023**
**£**
12,266
471
-| |---|---| ||12,737| ||**2023**
**£**
82,557
(49,897)| ||32,660| ||| **10**