**Charity No. 1086343 (England and Wales)** ## **THE LIONEL BART FOUNDATION** **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 5 APRIL 2025** ## **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 2025** ## **Introduction** The Trustees submit the statutory report and accounts of The Lionel Bart Foundation for the year ended 5 April 2025. ## **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 2025 is healthy. The charity receives total income of £41,562 (2024: £30,682) from The Lionel Bart Royalties Trust. The charity paid bursaries to theatrical schools totalling £42,700 (2024: £25,800) ## **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 2025** ## **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 Lionel Bart Foundation **On accounts for the year** 5 April 2025 **Charity no** 1086343 **ended (if any)** **Set out on pages** (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **05/04/2025** . **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** [The charity’s gross income exceeded £250,000 and I am qualified to **examiner's statement** undertake the examination by being a qualified member of [insert name of applicable listed body]]. _Delete_ [ ] _if not applicable._ I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report 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._ **Signed: Date: Name: Relevant professional qualification(s) or body (if any):** **Oct 2018** 5 **IER** **Address:** ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 6 **Oct 2018** **IER** ## **THE LIONEL BART FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2025** |**Notes**
**Incoming resources**
The Lionel Bart Royalties Trust
Tax repayment
**Other receipts**
Bank interest
2
**Direct charitable expenditure**
Bursaries paid
Bank charges
Independent examination fee
**Net (outgoing) / incoming resources**|**2025**|**£**
51,953
519
52,472
(44,020)
**8,452**|**2024**|**2024**| |---|---|---|---|---| ||**£**
41,562
10,391||**£**
30,682
7,671|**£**
38,353
231| ||(42,700)
(480)
(840)||(25,800)
(482)
(617)|| |||||38,584| |||||(26,899)| |||||| |||||**11,685**| **7** ## **THE LIONEL BART FOUNDATION** ## **BALANCE SHEET AS AT 5 APRIL 2025** |**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**|**2025**|**£**
53,647
(850)
52,797
44,345
8,452
52,797|**2024**|**2024**| |---|---|---|---|---| ||13,166
40,480||31,649
23,546|**£**
55,195
(10,850)| ||-
(850)||(10,000)
(850)|| |||||| |||||44,345| |||||32,660
11,685| |||||44,345| 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 2025** ## **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|**2025**
**£**
377
142
519
**2025**
**£**
2,775
10,391
13,166|**2024**
**£**
120
111| |---|---|---| |||231| |||**2024**
**£**
23,978
7,671| |||31,649| **9** ## **THE LIONEL BART FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025** |**4**
**Cash at bank and in hand**
Clintons bank account
Coutts Current bank account
Coutts reserve account
**5**
**Reconciliation of movements in funds**
Opening fund balances
Net incoming resources|**2025**
**£**
3,000
1,000
36,480
40,480
**2025**
**£**
44,345
8,452
52,797|**2024**
**£**
7,543
1,000
15,003| |---|---|---| |||23,546| |||**2024**
**£**
32,660
11,685| |||44,345| ## **6 Trustees' remuneration and expenses** During the Year, no Trustees received any remuneration or other benefits (2024 - £NIL). During the Year, no Trustee expenses have been incurred (2024 - £NIL). **10**