COMPANY REGISTrATION NUMBER: 042778n CHARrrY REGISTrATION NUMBER:1090593 Gen?81s Entsrprise Foundation Company Limited by Guarantee Unaudlted Financlal Statements 31 Decem￿r 2022 YEOMANS RRISON AND ASSOCIATES LTD Dutham Hou8e 38 Street Lane Denby Derb shiie Genesis Enterprise Foundation Company Limitod by Guarantse Financial Ststements Year ended 31 December 2022 Pago Tru8tee3' annual réport (incotporatiro tt)e dwectof3 report) Indepandent 8xaminefs report lo Ihe lJustees 8tatement of finan¢ial activiti•8 (induding Ineom8 arKI expenditure acctwnt) statement of financial positlon Nokes to thé financial S￿￿rnents Thg followlng pages do not lorni part ol th• flnan¢lAI $iat•mènt• 08talled statement of finanoal activiti'eg 18 G8n8sis Enterprise Foundation Company Limitsd by Guarantse TruGtses' Annual Report IlnGorporating the DireGtorfs Repor4 Year end8d 31 Decemb8r 2022 The tru8tees, who are also the thre¢tots fvr the purposes of cryy law, present their report and the unaudrted financlal stateitents otthè thanty fN ts year 31 D￿lber2022 R•f8r•nee and adminkntrntr detsl R•glst•¥•d c￿rity nam• Chwrlty rngl¥trallon numbw 10WJ593 Comp•ny r•gi•tr4lipD n¥mb•r 04277872 Prlnclpal offlco and v•g*tsrnd Afre1￿ H*1 Ghurth 8treet DE55 IA Fl Hodgkm D Holm¢s P M siarbW* AVanc* S Tayl)r {hgpoinW 18 2022) IAppoWiied 18 Marth 2022) {ApprinW 18 March 2022) (Reslgnai 24 March 2022) Indep•nO•At •xamln#r Genesis Enterprise Foundation Company Llmltsd by Guarantse T￿1, Annual R•port (Incorporating the Directols Roportl leoth Year ended 31 Dècem￿1 2022 Slructure, governance and Tnanagenw Gov•mlng do¢umenl The chanty Is Gontrolbj Lry its gl￿￿ing a deed ol tr￿( and corssubjks a Ilnlted mpany, limi￿d by gu8r4nto0 as d•fmd by tha Comp8nles 2IN Tho cl)artty m ftrnj u a G(*winy on 26th August 20Q1. The overtyll manag•m8nl of the Ghafity I the rosp)n¥iDIIty ol the Tnjslees, who are a150 dlrectLn for Ihe purpo￿5 Of ojmpany law. The Tn￿t￿eS m981 rgyularw to ￿￿Gu$S matters aff8cting Ihe charity. Senior staff are dso PTe5ent, il requir*d. lo prov•Ye insight into IJSLtos Th• n)attèrs dL9c￿e￿ inclvd8 Ilnance. fvnaing, s￿VICe dèliv￿. and ri•k8 laung charity. The Tn*tee8 empw staff to w out the day to day runthg ofthg ¢forlty. Re¢rultment 8r*J apwinled of Trust88S Gene$is Entwpris¢ Foundalmx out a sklllj audit of Gury•nt TNJi•e8 wh*h Klentifiès kn￿￿dg¥ gaps wrthin the l)oard an¢ 8•&3 tQ Fxruft Into those gaWJ. Ind￿tKIn and tr8iniNJ of new Truste8J Nw Trust#Ès famlw ¥nlh thè pradie81 work of the chaflfy 8rMI Ine group after readlng the AnnuAI R•port 8nd wlll hav• aLqo w5y Ot Ihg charty's IAgmoigndum and Artidgs and tr• Ipl¢g1 flnonGk41 r•port•. They will also ry¥e#t with the Ch*f Exry￿ and TN8t••• •• wèll *• belng offered opportunltss to meet stsff ff*mb0rJ. AddttI￿a1ty. tmy are Imilte(110 811end W￿U¢ll0n tr&"rdng t>Jvws thg lolknwlng arnas.. 1. The Polry and PraetKe 13uhl• 2. Trdlnlng and Support 3. Roles and Re8r4)n8ibifities 4. Knowledgè 5. Cornmunieaoons 6. Best Pr￿￿ Guide Ail Trustoes sVJnp￿0 to 0￿r fgbvant tralnlng throLwJhoth ts year. Remun8r#tYJn of TnJsl855 The rernuneTabon of Tru8te•• M o)nsidw4d by Iho whol• board lJa2gd on thair 0x￿9nce of the aTIty anf1 includes ta￿"n9 adYiGe Irtmi extyrol odvisor¥ where •PPTOPriQt¢. To dato no Trus￿ ha8 aFry fvrrnjnetation. Rssk M3nafjement Th¢ Trustees have a duty ts) Klentify aFMJ tt* risks to whth th8 charity ￿ oxpogod and 10 4nsura aPPTDpnate controts are In pW£ to pffjviae re?wna￿B è6suRnce against fr)ud and error. Genesis Enterprise Foundation 9mpiny Umtsd by Gu3fdnts@ Trustees, Annual Report Oncorporating the Directols Report) Iclknu Year ended 31 DeC￿ber 2022 Objecttr￿ and activides CkAn'table Atrlths Thè charty is proud trj havo contributed to the trBnsfrJrmatrc￿ of the area through enlwpts&, job c￿ation, training and rrAny community fadibès dev&t*ped. The pro￿￿ ￿ffle a fAse stsJty across the reglon •nd gavg bith lo se¥eTal ¥imli ar Venlures actoss the UK Wlldw afiald th8 tr*ning oe 50d0l entrep￿￿•urS tjelped develop Sustslnable enterprises. Proié(Js in oth8r cJJntrl•s w•rn a••i•ttid by sowlng In tralning prc4Jfdmrw and M￿tor￿￿j as well as Ffdcueal atd. So, th¥ tharfty look8 b8ck wilh prwje at the *¢hw￿￿n￿ ot the s•ok to bujkl upon th tn comkng y•ars. Achlevvm•nts and Iwlorrn•ne• Th¢ ypor 2022 6adty aUlI t￿ght Itx clialw 88 the afteATrnth of Cov#* ccffilknu•d to affg¢t th• ch8rf11gs #ctmtth trad• throu9h th• wb*Kgry Alfrekn HalL Afreton Hall a grdde 2 buikling is by the ch#nty us•d for traSning In hoxpltallty arbd catenng. Its 4cbvihes 8re primarily wedrfjngs •ftd Sadty the Gov•rnrrent [eStdG￿on5 on wéddings and 94thering6 O￿ty affected tho busingss and M8 c￿trIbUtIon to thÈ chanty Thi5 Impa¢tod upon incATh ind 8•dly dTriniThJ rn8oufc#. ThLry has given rise to th8 Board consiaerng ib opts'ons in relaining the ass•t It 13 swn9 thé priority to r8iuTn to flrsi objee￿e$. The chanty fothnatety has consldefable v•lue in Its asget of Several huntt Ihou6and whiGh rf rekeseiE woulo be inve5t8d In obJp¢UveB scr￿8 the area. This ￿￿4$10n Is under nstant r•vw going tnto 2023. Thè decisim of the Bo* was n*e to sell AJfre￿ Hall and tsjncentrale on restructurin9 r•4nv*ng in Its key ob￿8$. Chn*"os ￿re appoint&1 to rn3fk•t the prgnYs85. The comiry years wlll brlng unprecent•d stresses on fam511e5 aThJ buBinesse8. The chartty had athys ught to ￿ Se￿ustaInzbl• from Sts actfvtb'es. In th• la￿feW years tr*LI fDuTrJ thh thalbnged, the Bam8 35 other businesses. Abeit busj'nw ks retL￿￿ng. ts ctharty must etfi5￿pA is thè bègl u88 of Its resources to fvffil ts ctsrty obpth*s. ForbJn3t¥ly. the tharNy 9oes Into th• y•v wilh ad*4u•(e rp¥epns and the [￿￿]0n al*MS Ihe Boaffl io Invitè now and gffK•rg. e thank thos¢ who ffflie the and ts $ubsbkny dwirYJ th8B8 dIffi￿lt years, mthry ol Whorn have We￿￿d lryyal￿ for m*ny yoarn. Genesis Enterprise Foundation ompdny Llmited by Gudrdntse ratsn Ttuilth, Innvil ftGport [InGoy i the Directorfs Report) Iconffnuthl Year ended 31 D8cember 2022 Flnancial rnvlew R•sep48• Ptsl The charlvs FdlGy l• to hold thrw rnnlh'¥ *¥F￿dIt￿l• m fr¥• Not• 14 to the acotsunts disclLBes Ihat unTestrkted Im r¢S￿S al the of th? y¢8r aft￿unt￿l to o¥trr £809,C()O. Howev8r, fre6 unrestricbj net CUffÈnt assets Gontsnue ID be bw. The Trustees continue lo work to strengthen the re88rves p3Sf(K￿. Wth the rrwl>)n8d factOTY layt year the tharty contsnues to operate In an uncertain business environ￿ent but in with other trird sector org8nisab"on$ as a b)8rd ol Trustees we ￿nts'nUe lo work dos&y with our management teams to ensuip the ongoing Via￿lty Qt al OUT commor¢lal gnl8rpris88 by eX￿ring innovab¥• ways Ferfom)Bnce whi18t $tr"Il aehi8vinG our care •irns Bnd tsbJeth•8. Thè b08rd have rnde drf￿￿It d￿1810￿ dunng ihe year The chalkngeB C￿ljnU￿ to Impact thg tfdding Aubsidlgry Alfreton Hall Ltd wh*h Is Ehe main c4Jntritiul(¥ ol fundinll. 11 has begn decided by Ihe diroctorn to sdl Alfroton HAII (valL￿d at £1.4 milhonl thI￿llh Chfhtkt$ 8nd ￿￿ye tho equity Into key oblecb'ves. Th& bgnk and key st8kehDbJern am Infom￿ and to datg hav• b•8n supkortive ol thes• Key decl$k¥n$. In ¢ug cours• pcffjl a Iw)• wll be Fohy off 8nd rèsth188 feAnveBt6d In the Chafllb6 objglives. 8m•Jl company provl•lon• Thi% report has prepared in the pr￿￿3[01￿ éOthble to compan188 enuued lo Ihe small ¢ompanies eyemwon. The truslee8' 8nnu•l report WAS spy￿1 on .&..A￿￿..20IS and Hgrrtl on t*half of b)8rd of trustee6 by". P Hc*JgkJn80n Trustee Genesis Enterprise Foundation Company Llmited by Guarantoa Independent Examiners Report to the T￿tats of Genosi8 Entorp￿6 Foundation Year ended 31 DeGember 2022 l to the bwstees on my &¥aryinalion ol the tsncwl Stste￿￿ts of Enterpri Foundation th2riV) fDrth& yw ended 31 Deewnber 2022. RMponslblllll•* •nd IMsl• of rgport As tho trustees of the compBry {arhl akn ris d1r8clo￿ for the of fx)mpany L8wl you arn responsible for the wepara￿On of kne )Inanckl $12twn*its in ￿(￿¢￿8n￿ with tha re9uir•tNnts of th• ¢omp8nles AGt 2C¥JO Ilhe 20(￿ Acyl. Havtng s8Usffed mysem Ihat the aecounts 01th8 ciyrpary are not r•qulr•d to b• audw under Part 18 of the 2006 Act and are for indewd8nl &Yaminat#￿. I rBPOrt in resport of my 8xa￿￿4110n ol the chaty'$ 8ccounts •$ carried out under seclkin 145 of th8 Charttles Act 2011 (￿e 2011 Acv). In carrying OLrt my examin*Ton I tkn fofb)wed the DI￿h0￿$ 9r¥w) by the Charty Commissth undar section 145{5)Ibl ol the 2011 kL Indep•nd•nt ox•min•f• 8t*ment wlth tho ex8minalion gfrffio c8u¥• tt) Wwe: ac£ouftting rots)rd8 w•r• not k8pt in rwpoc* of the ¢harity ￿ r•qulred by I•UJon 886 of the 2￿Artor finanwl st*rI￿ts do nrA occord rKJunting rttorts and the weparation OffirWKi￿ ststen￿ts. Thosa finanelal 81kt¢rMnts h¥ve bo•n prepared wbh the ￿yo¥￿k￿ applwable to eompanle8 sJbJ•* to thè $malt companfes. rnglme. The statement of financial position Continues on the following page. Th• rth M pa￿ g to 10 lonn part ofllw8•thMndal sl&tem•nts. Gen￿15 Enterprise Foundation Company Limlted by Guaranta8 ststement of Flnancial Posltion 31 Dacomber 2022 These finanaJ slatements We￿ apwoved by L￿ard of trustees and authorisod lor issue on G.l¥k..WaThl are ￿gned Dn behalf otlhe kT( the wm ba adopted. Divldends and other dthbufy)ns r￿r￿ed from ￿ inve5knent rwnlsed as tr]come wlthout ard to ￿ther Ihe di8trlbutsons •To from ￿m￿lat•S prpfits olthe ansing bèfor• or Iftar Ihe ofa¢qwiUon. In JolntiTntuns Inv6stsTw)ts In jointy conlroll•d enltt* x(thnt•d ￿cry￿an¢￿ (>)st ar8 -11- Genesis Enterprise Foundation Company Limited by Guarantee Notes to the Flnanclal Statsments (¢Mth¢•• Year endod 31 Dècember 2022 Aceoynttng policks (¢<￿￿￿ lov••tmont• In lolnt v•ntUV••Cs•nthw¢J Investm?n18 in b'nty Colltrollod ertths ￿nted for in ￿ryJan￿ wth the ktT valu8 model are Inthlty r8¢oryJed at the knnsaction prtt. Al each rewxting date, tha investments afe npasured at fair value, with changes In lair value tsken Ihrough incomg or expenLlibJre. )thèra It ImpractKabie to ff*8SUTe laK ¥￿ue reliabty witl)out unduB or effort the u)8t mc#lal will be 8doptgd. D￿t￿l￿n￿8 arKI other olsithutions fee81v￿ from the inveslment arn rwn189d aB Incom8 wrthout regard to whether tha di$lribuUonB arn from a￿￿n￿lIated proffts of the ￿1n1 venturn artsing belo or after thè d8te of acquilitign. Imp•lrniont otflx•d a•8• A review ly IndIcato￿ ot IM￿[￿nt Is txried at each reporting dale. wlth the recoverable amount being 8slitn8led where ￿$j￿ID[S exrst. ￿ere the earyirwJ Val￿ exca•d$ tho recover8t4e amount. the asset L8 Irrpalr￿ aceordwNty. PrtJr imp¥vment8 8r8 8160 rovtew8d for F<)ssiblo rev•tsal at aach Tekxirttng dats For the puTroaes of ImFairrrthl tostsng, when it 18 not ID e8tlmale the recurtr8bte arnount of an individual a5Be[ an asbmate Is ma¢* ol ihe recoverable amount ol the cash%8nwattng ￿11 to wh￿h Ihe assel belongs. The ca6wer￿atrng unil LS smllesl Identsfi?b￿ group of 8sgets that Indudes th• asset and gener4t8$ cash Infiows th81 largely Indepond8nt ofth• other aFsats or grvJJp8 ofa$5ets. For impairment testirq ol gw1%￿71, tha g(K>SwlM acquir8d in a business comb1r+a￿O￿ Is, frorn tho ulsitk)n date, alkxated * ea¢h of the 13sh-ganefatirn3 unifs that arE expected to ￿nefIt from synorg¢e6 ot the combinaiknn, of whether othw aswts or liab51ill&s of th¢ ¢h8rily afe a$8i9ned to those unlts. FlnAnel•l In•trum•rt• A fln8ncHI 8sset or a fin8ncko1 rHbil￿1 is onty Wh￿ the (*8rlty b￿orneS 8 paty ta I )ntrackn81 provtsK)ns of the instrun*nl B88ic Ingnolal instN￿ents are in￿￿kY TOC4)gnwwJ at the ￿￿Unt recefvable or payablg Inc￿dIng ony r*l¢d co*5. Current Bs$•ts and currnnl 11ob¢kli68 8r8 subsequ￿1￿￿ Trwsurtd Bt the ca¥h OT oiheT consid918tyon eXp￿t￿j to be pald LY and di5courrt•J. Debt instrumonts sub80qu¢nUy mopsured at 8rmrti*rf ¢>JgL ltheie inve5Ln*nts in shares are publicty traded Of th*r 14ir value Gqll Othe￿*88 be measur& relkbly, Ihe Investrnent IS 5ubsequenty measured al f8w vahje wth changes In fair valu$ ognlsed In In￿ and e¥kwd￿￿. All othef such investments ¥ubsequgnlly mea8ursd at cost less unpairmanL -12- Genesis Enterprise Foundation Company Urnitgd by Guardnlpe Notes to tho Financlal Stateinentsi Year ended 31 De¢embor 2022 A¢countinB polkks Flnanckl i11stru￿ (¢ c)ther fina￿181 instruments. tr)cluding dwpmbv8s. We [njti￿ty rEW3nl*J ai falr vdue, unl86S payrr￿t tor an assat Js tJeferred tworKI norrrd bLwEess temLS or finarted at a rat8 of Inter•st Ihat a market rate, in w9• tha asset is ThEasuraJ at thè fv8nt value of tha luttwo payThrrts drseount8d at a r￿et Rte of interest for a Srrilar debl InstrurnL Oth8r finan￿￿1 InstrunwrtB are 8uLwL• r￿ur•j * lair valw. wlth any ¢hang•s recogni58d In st*menl gf firwNJal thiies, wjth U)e of h&*lng Instrum￿tr in a designated hedging relatlonshlp. Flnanthi aasets ttjat are measured at cost or cost are r8¥iv4nd for Ob5￿tiVe ewdènce ol impairment 8t the end ol oach rEporfing If t￿￿18 O*tive eywj0n￿ Df Impar￿￿n( an Impalrmenl loss Is reeognwd under the •ppicF¥f* Wing in the statement of ftnan¢lAI a¢OvltIe3 In whth th• inloal gain r•cognW. For all w4uMy in$truff￿ts rtsjardkn of 8&nlfv*rKe. WKI other fmawal ￿s¢ts that are indNidvally 819nJficani these are assessed indrvKluafty for impaim)enL othor flnenLYBI 03oets arB èither ass•ss&a indivK1ua(ty or gro(FpwJ on thè t• of4imil¥ (Y&Ytt Chara￿. Any r8verWs ￿ imp81rrnènt we rwnwd Inv￿diA￿￿. to tho &thnt that the f#versal does not resutt In a caryino arthnt ￿ thè ftnanek•l a588t thèi exefj•Js what the rarrying amount woukj Umtt•d by guarnnts• The charty Js a ￿rnpartY limiled by guarant* Tho of th• c¥mrAny ar• thé Tnjstaeg naff￿d ¢)n p8ge 1. In the gvant ol the charity telng *nund up, Ih Iwibility tn rgspe(X of th• guarant* Ls IlmW to £Nrt per rMnknwofthe charoy. Not •xpondltur¢ Net expeThYituro l# 8law aft•r chqrgirW(uethng1" 2tr21 DBpre¢iation of tan9ible ffixwj Operats'ng IEase rents16 10.246 85 18.436 7,012 2021 Wa9Q8 ar¥J salari 14.797 15.872 Thè 8¥erage head uAJnt 01￿10y￿ during the yew 212021: 2>. No empwee ol nwe ItrAn £60.OW during the year {21r21. Ml). -13- Genesis Enterprise Foundation Company Lirnited by G4￿rantee Notss to the Financlal Ststements Year ended 31 Decernber 2022 Tru8t¢8 remuneratlw and No r8murffjrntk)n or other benel(ts from eny10y￿nI the c*arity or a olattyj enb.ty were retsved ty the tru$tPg5. 8. Tanglbl• tlxèd •M•ts Freeljold Fixtijrns and filJsn98 Total Co•t At 1 January 2022 ahd 31 D•c•mb•r 2022 D•prè¢latloA Al 1 January 2022 fur the year At 31 De¢•rnb•r 2022 1.024,561 169.243 1,183,804 148.764 10,248 169.243 318,007 10,246 328.253 159,070 169.243 Carrylng amount At 310•c•mber 2022 Al 31 f*ctmb8r 2021 865,651 875.797 e6&551 875.797 Inyostmgnts Shar90 In roup ndertaklng8 Colt or valuatlon At 1 J•nu¥ry 2022 •nd 31 D•wnb•r 2022 Impalrnignt At 1 January 2022 and 311)K•mb•r 2022 ¢*rryln9 amount At 310ocembtrr 2022 At 31 Oecember 2021 All Invostrnents Sh￿lM ato¥e are hebj al vgluaty)n. 14_ Genesis Enterprlse Foundation Company Limited by Guardnteè Notes to the Ffnan¢ial Ststements Year ended 31 Deeembar 2022 10. Debtors 2022 2tr21 Trade dsb Amounts ow&1 by group U￿rt•￿n9# Prepaym•nt8 and aLvu8d In￿￿ Other debtors 5.708 47.6th8 4,071 523 10.460 22209 8.177 40,846 11. Cr•ditoY*: *mounts ts￿1￿9 due Y•llhln ¢)n• ￿lf 2022 2021 Bank loans and overdra Trade Creditors Amounts owed to gro1￿ undertakkngs Accruals and defeffed Incorr* Social security and otherla 5,724 8,214 15.678 3.660 834 3.302 37,412 5.398 11.492 55.900 4251 1,228 8,840 8S.114 12. Cr•dJtots.' amounts hlllng du• •ftsr than on• ywr 2022 2021 Bank bAn$ and overdraft8 612.170 13. An•ty•lw ol ¢harftablo lund¥ Unr•¥trlet•d fvndfj 1 Jonuary 202 Incoffo Expendllure 31 D•cember 2022 UnT¥Strthd fvnd8 370,W7 187.952) 3Q9,463 l Januyy 202 At 31 O•c￿ber 2Q21 Incorn Expendttur8 85,3(M) Unrethct&J funds 4eii,675 {195.06n 370,908 -15- Genesis Entsrprise Foundation Company Llmited by Guarnntst Not8S to the Flnancial Statements (¢ Yoar ended 31 December 2022 1& Analy￿• of nei •¥*ts botwe•n fund• unrestr[G￿ TolAI Fund8 Funds 202Z Tangible fred 8ssats Investments Curronl assets C￿d*Dr$ ￿$3 ih8n 1 year Creditors grtrator than l year 885,551 885,561 88.1 88,166 137,412) 137,412) 1fj06,8431 1606,8431 309,463 309,463 Unre8trlc*ed Totsl Fund8 Fund 2021 Tangible Iixed assets Investrngnts Current assets Gredftors less thBn 1 year Cred¢tors greater than l year 875,797 875.797 192,3PA 191394 185,1141 185.1141 (612,1701 1612,1701 370,908 370,908 16- Genesis Enterprise Foundation Company Limited by Guarnntee Managementlnfomiation Year ended 31 December 2022 Th• fDllowlng pa9•• do not fomi p•rtof th• Iln4neial •latem•nt¥. 17- Genesis Enterprise Foundation Company Limited by Guarantse tailed Statsmont of Financial Actlvities Year ended 31 Dacember 2022 21ll2 2021 Income and eTrdowments Charitabl• artlvlti98 Rent and room ￿￿9 Sundry incorn8 21,600 4,879 39,100 48,192 8S.292 26,479 Inv•Jtment Incom• Other Inlwesi r8ceN3ble Total Irhcomo 26.508 85.300 Expondltur• Co•ts of oth•r trndln9 •Gtlvlll•• Bad debts 3.284 17.293 Expgndltur• on ¢harftsbl• •clfvM Wages and salaries 0￿ra￿Tr9 laase$ Ront Rates and water Llghl And heal Repair3 and malntenanca Insurance L•gal and prof•881DMI feB8 Telephone Depreciatton Intsrest on bar* lofins and ovordran5 Other Iradiftg èxpenses At￿nt￿nCY f¥es IT Mainlenaftce Bank charggs Priftllng. postage and slabon•ry 14.797 85 1&872 7,012 41,899 418 4,172 10.238 16,808 8,057 872 18.437 44.889 1.330 6,950 1.931 825 218 8,031 7,582 1D,246 39.576 331 1,635 1079 407 84,868 177,774 Totsl •xpndltu 87.952 395.087 N•t 0x￿ndItUr• (81.4441 1109,7871