| Reports |
Reports |
| Referenceandadministrativedetailsofthe |
|
| charity,itstrusteesandadvisers |
1 |
| Trustees'report |
2 |
| Independentauditor'sreport |
7 |
| FinancialStatements |
|
| Statementoffinancialactivities |
11 |
| Balancesheet |
12 |
| Statementofcashflows |
13 |
| Principalaccountingpolicies |
14 |
| Notestothefinancialstatements |
17 |
| Trustees |
JoyBrowne |
|
MsgrVladimirFelzmann |
|
JohnStudzinskiCBE |
| Companysecretary |
JoyBrowne |
| Registeredoffice |
130WoodStreet |
|
London |
|
EC2V6DL |
| Companyregistrationnumber |
05095072(EnglandandWales) |
| Charityregistrationnumber |
1103351 |
| Auditor |
BuzzacottLLP |
|
130WoodStreet |
|
London |
|
EC2V6DL |
| Bankers |
HSBCPrivateBank(UK)Limited |
|
78StJames'sStreet |
|
London |
|
SW1A1JB |
| Solicitors |
CharlesRussellSpeechlys |
|
5FleetPlace |
|
London |
|
EC4M7RD |
----- Start of picture text -----
John Studzinski
----- End of picture text -----
|
|
Unrestricted |
Unrestricted |
|
|
2021 |
2020 |
|
Notes |
£ |
£ |
| Incomeandexpenditure |
|
|
|
| Income: |
|
|
|
| Donationsandlegacies |
1 |
1,655,436 |
1,332,191 |
| Interestreceivable |
|
34 |
243 |
| Totalincome |
|
1,655,470 |
1,332,434 |
| Expenditureon: |
|
|
|
| Charitableactivities |
|
|
|
| .GrantstotheGenesisFoundation |
|
319,796 |
230,390 |
| .Othergrantspayable |
|
1,451,950 |
128,500 |
| .Supportcosts |
|
29,304 |
22,376 |
| Totalexpenditure |
2 |
1,801,050 |
381,266 |
| Net(expenditure)incomeandnetmovementinfunds |
4 |
(145,580) |
951,168 |
| Reconciliationoffunds: |
|
|
|
| Fundbalancesbroughtforwardat1January |
|
196,389 |
(754,779) |
| Fundbalancescarriedforwardat31December |
|
50,809 |
196,389 |
----- Start of picture text -----
John Studzinski
----- End of picture text -----
|
|
2021 |
2020 |
|
Notes |
£ |
£ |
| Cashflows(usedin)providedbyoperatingactivities: |
|
|
|
| Netcash(usedin)providedbyprovidedbyoperatingactivities |
A |
(947) |
186,696 |
| Interestreceivable |
|
34 |
243 |
| Netcashprovidedbyinvestingactivities |
|
34 |
243 |
| Changeincashandcashequivalentsintheyear |
|
(913) |
186,939 |
| Cashandcashequivalentsat1January |
B |
195,817 |
8,878 |
| Cashandcashequivalentsat31December |
B |
194,904 |
195,817 |
|
2021 |
2020 |
|
£ |
£ |
| Net(expenditure)income(asperthestatementoffinancialactivities) |
(145,580) |
951,168 |
| Adjustmentsfor: |
|
|
| Interestreceivable |
(34) |
(243) |
| (Increase)decreaseindebtors |
(20,230) |
29,385 |
| Increase(decrease)increditors |
164,897 |
(793,614) |
| Netcash(usedin)providedbyoperatingactivities |
(947) |
186,696 |
| B |
Analysisofnetdeb |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Cashatbankandinhand |
194,904 |
195,817 |
|
Totalcashandcashequivalents |
194,904 |
195,817 |
| Donations |
|
|
|
Unrestricted |
|
|
2021 |
2020 |
|
£ |
£ |
| Donationsfrom: |
|
|
| .Foundertrustee(note12) |
1,654,316 |
1,331,147 |
| .Otherdonations |
1,120 |
1,044 |
| 2021Totalfunds |
1,655,436 |
1,332,191 |
| Grantspayable |
|
|
|
Unrestricted |
|
|
2021 |
2020 |
|
£ |
£ |
| GenesisFoundation |
|
|
| GrantstotheGenesisFoundation |
319,796 |
230,390 |
| GrantsinsupportoftheGenesisFoundation |
|
|
| .GenesisKickstartFund(seeAppendix) |
640,000 |
|
| .YoungVic |
63,250 |
78,750 |
| .NationalTheatre |
125,000 |
75,000 |
| .TheSixteen—GenesisSixteen |
195,000 |
155,000 |
| .AlmeidaTheatre |
43,000 |
43,000 |
| .CathedralMusicTrust |
25,000 |
10,000 |
| .JewishBookWeek |
37,500 |
|
| .DurhamCathedral |
10,000 |
|
| .GenesisPrize |
|
25,000 |
| .Musiccommissions |
44,700 |
17,500 |
|
1,183,450 |
404,250 |
| Covid-19grants |
|
|
| .Almeida |
|
20,000 |
| .LAMDA |
|
15,000 |
| .NationalTheatre |
|
20,000 |
| .TheSixteen |
|
20,000 |
| .YoungVic |
|
20,000 |
| .Others |
|
5,000 |
|
|
100,000 |
| Othergrantstoorganisations—otherlessthan£10,000 |
|
25,000 |
|
1,183,450 |
529,250 |
| Cancelledorreturnedgrants |
|
|
| .RoyalCollegeofArts |
|
(400,000) |
| .LAMDA |
|
(750) |
|
|
(400,750) |
| Netgrantstoorganisations |
1,183,450 |
128,500 |
| TotalGenesisFoundation |
1,503,246 |
358,890 |
| Grantspayable(continued) |
|
|
|
Unrestricted |
|
|
2021 |
2020 |
|
£ |
£ |
| Othergrants |
|
|
| Communitydevelopment |
|
|
| Passage2000 |
25,000 |
|
| StJudeIndiaChildCentre |
6,000 |
|
|
31,000 |
|
| TheArts |
|
|
| BrittenPearsArts |
10,000 |
|
| CathedralMusicTrust |
1,000 |
|
| GoodChanceTheatre |
90,000 |
|
| LondonMusicFund |
25,000 |
|
|
126,000 |
|
| Currentaffairs |
|
|
| RoyalInstituteofInternationalAffairs |
75,000 |
|
|
75,000 |
|
| Religion |
|
|
| GalileoFoundation |
10,000 |
|
|
10,000 |
|
| Other |
|
|
| RidingfortheDisabledAssociation |
26,500 |
|
|
26,500 |
|
| Total—Othergrants |
268,500 |
|
| Total—Allgrants |
1,771,746 |
358,890 |
| Governancecosts(seenote3) |
29,304 |
22,376 |
| Total |
1,801,050 |
381,266 |
| 3 |
Governance |
|
|
|
|
Unrestricted |
|
|
|
2021 |
2020 |
|
|
Total |
Total |
|
|
funds |
funds |
|
|
£ |
£ |
|
Professionalfees |
27,854 |
18,966 |
|
Othercosts |
1,450 |
3,410 |
|
2021Totalfunds |
29,304 |
22,376 |
| 4 |
Net(expenditure)income |
|
|
|
Thisisstatedaftercharging: |
|
|
|
|
2021 |
2020 |
|
|
Total |
Total |
|
|
funds |
funds |
|
|
£ |
£ |
|
Auditor'sremuneration(includingVAT) |
|
|
|
.Statutoryauditservices—currentyear |
15,000 |
12,730 |
|
.Prioryearunderprovision |
1,950 |
|
|
.Otherservices |
6,932 |
6,236 |
| 7 |
Debtors |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Taxationrecoverableongiftaiddonations |
61,250 |
55,645 |
|
GenesisAmericaInc. |
14,325 |
— |
|
Unpaidsharecapital |
100 |
100 |
|
Otherdebtors |
300 |
- |
|
|
75,975 |
55,745 |
| 8 |
Creditors:amountsfallingduewithinoneyear |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Accrualsandothercreditors |
31,070 |
15,173 |
|
Approvedprojectsandgrants |
189,000 |
40,000 |
|
|
220,070 |
55,173 |
|
2021 |
2020 |
|
£ |
£ |
| GenesisFoundation |
|
|
| .Payablewithinoneyear |
708,000 |
1,652,750 |
| .Payablebetweentwoandfiveyears |
80,000 |
296,750 |
|
788,000 |
1,949,500 |
|
|
Authorised |
|
Allottedand |
calledup |
|
|
2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
| Ordinarysharesof£1 |
each |
100 |
100 |
100 |
100 |