|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|||
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|||||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|
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|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|
##
##