2020-12-31-accounts

Reports
Reference and administrative	details ofthe
charity, its trustees and advisers		1
Trustees' report
Independent auditor's report
Financial Statements
Statement offinancial activities
Batsnce sheet		12
Statement ofcash flows		13
Principal accounting policies		14
Notes to the Ttnancial statements

		Trustees	Trustees	Joy Browne
				Msgr Vladimir	Felzmann
				John Studzinski	CBE
	Company	secretary		Joy Browne
	Registered		office	130Wood Street
				London
				EC2V 6DL
Company	registration	number		05095072 (England		and Wales)
Charity	registration	number		1103351
		Auditor		Buzzacott LLP
				130Wood Street
				London
				EC2V 6DL
		Bankers		HSBC Pdvate	Bank (UK) Limited
				78StJames's	Street
				London
				SW1A 1JB
		Solicitors		Charles Russell Speechlys
				5 Fleet Place
				London
				EC4M 7RD

				Unrestricted	Unrestricted
			Notes	2020 6	2019f
Income and expenditure
Income:
Donations and legacies			1	1,332,191	1,059,063
Interest receivable				243	26
Total income				1,332,434	1,059,089
Expenditure on.
Charitable activities
. Grants to The Studs Trust				230,390	279,422
.Other grants payable				128,500	1,293,245
.Support costs				22,376	27,182
Total expenditure			2	381,266	1,599,849
Net income (expenditure)	and net movement	in funds	4	951,168	(540,760)
Reconciliation offunds:
Fund balances brought	forward at 1 January			(754,779)	(214,019)
Fund balances carried forward at 31 December				196,389	(754,779)

		Notes	2020 6	2019 f
Current assets:
Debtors		7	55,745	85,130
Cash at bank			195,817	8,878
Total current assets			251,562	94,008
Liabilities:
Creditors: amounts	faling due within one year	8	(55,173)	(848,787)
Net current assets	(liabilities)		196,389	(754,779)
The funds ofthe charity:
Capital and funds
Called up share capital		10	100	100
Income funds
Unrestricted funds
.General fund			196,289	(754,879)
Total charity funds			196,389	(754,779)

								2020	2019
							Notes	8	8
	Cash flows provided by (used in) operating				activities:
	Net cash provided	by provided by operating		activities			A	166,696	(59,810)
	Interest receivable							243	26
	Net cash provided	by investing activities						243	26
	Change in cash and cash equivalents		in	the	year			186,939	(59,784)
	Cash and cash equivalents at 1 January						B	8,878	68,662
	Cash and cash equivalents at 31December						8	195,817	8,878
	Notes to the statement ofcash flows			for	the	year to	31December:
A	Reconciliation of	net expenditure	to net		cash flow from operating			activities
								2020	2019
								8
	Net income (expenditure) (as per the		statement			offinancial activities)		951,168	(540,760)
	Adjustments for:
	Interest receivable							(243)	(26)
	Decrease in debtors							29,385	99,346
	(Decrease) increase	in creditors						(793,614)	381,630
	Net cash provided	by (used in) operating		activities				186,696	(59,810)
I5	Analysis of net deb
								2020 8	2019f
	Cash at bank and in	hand						195,817	8,578
	Total cash and cash equivalents							195,817	8,878

Donations
	Unrestricted
	2020	2019
	5
Donations from:
.Founder trustee (note 12)	1,331,147	1,012,991
.Other donations	1,044	46,072
2020 Total funds	1,332,191	1,059,063

Grants payable
					Unrestricted
					2020 6		2019f
Genesis Foundation
Grants to The Studs Trust					230,390	279,422
Grants in support ofthe		Genesis Foundation
.LAMDA							25,000
.Young Vic					78,750	155,000
.National Theatre					75,000		50,000
.The Sixteen —Genesis		Sixteen			155,000	153,000
.The Sixteen —MacMillan			Symphony	No. 5			75,260
.The Sixteen —Royal	Academy ofArts Concert						16,200
.Almeida Theatre					43,000		66,000
.Cathedral Music Trust					10,000
.Create London							15,000
.Royal College ofArts						400,000
.Royal Academy ofArts						122,123
.Genesis Prize					25,000
.Music commissions					17,500		59,650
					404 250	1 157233
Covid-19 grants
.Almeida					20,000
.LAMDA					15,000
.National Theatre					20,000
.The Sixteen					20,000
.Young Vic					20,000
.Others					5,000
					100,000
Grants to organisations		—other less		than Et0,000	25,000
					529,250	1,157,233
Cancelled or returned	grants
.Royal College ofArts					(400,000)
.LAMDA					(750)
					(400,750)
Net grants to organisations					128,500	1,157,233
Total payable to Genesis			Foundation		358,890	1,436,655
					Genesis America (UK) Limited		17

ancial statements 31 Decembe	ancial statements 31 Decembe	ancial statements 31 Decembe	ancial statements 31 Decembe	r 2020
Grants payable (continued)
					Unrestricted
					2020	2019
					6	f
Community development
StJude India Child Centre						1,000
						1,000
Culture and the Arts
Showhegan School of Painting						3.762
						3,762
Current affairs
Institute of International		Affairs				25,000
						25,000
Religion
Friends ofCathedral	Music		Diamond	Fund		10,000
Catholic Trust for England			&Wales			70,000
Brompton Oratory						25,000
						105,000
Other
Friends ofBenjamin	Franklin House					1,250
						1,250
Total —Other grants						136,012
Total —Aff grants					358,890	1,572,667
Governance costs (see note 3)					22,376	27,182
2020 Total					381,266	1,599,849

Governance
	Unrestricted
	2020	2019
	Total	Total
	funds	funds
	E	f
Professional fees	18,966	22,796
Other costs	3,410	4,386
2020 Total funds	22,376	27,182

				2020	2019
				Total	Total
				funds	funds
				E	E
Auditor's	remuneration	(including	VAT)
.Statutory audit services				12,730	14,280
.Other services				6,236	6,036

			2020	2019
			E	E
Taxation	recoverable	on gift aid donations	55,645	85,030
Unpaid	share capital		100	100
			55,745	85,130

7	Creditors:	amounts	falling due within one year
				2020	2019
				E	E
	Accruals and other creditors			15,173	17,537
	Approved	projects and	grants	40,000	831,350
				55,173	848,787

			2020	2019
			E	E
Genesis	Foundation
.Payable	within one year		1,652,750	641,000
.Payable	between	two snd five years	296,750	421,500
			1,949,500	1,062,500

				Authorised		Allotted and called up	Allotted and called up
				2020	2019	2020	2019
				E	E	E	E
Ordinary	shares	ofE1	each	100	100	100	100