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2022-12-31-accounts
| Reports |
|
| Referenceandadministrativedetailsofthe |
|
| charity,itstrusteesandadvisers |
1 |
| Trustees'report |
2 |
| Independentauditor'sreport |
7 |
| FinancialStatements |
|
| Statementoffinancialactivities |
11 |
| Balancesheet |
12 |
| Statementofcashflows |
13 |
| Principalaccountingpolicies |
14 |
| Notestothefinancialstatements |
17 |
| Appendix(GenesisKickstartFund) |
21 |
| Trustees |
JohnStudzinskiCBE |
|
JoyBrowne |
|
MsgrVladimirFelzmann |
|
DavidLan |
| 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 |
|
|
Restricted |
Unrestricted |
|
|
|
Notes |
2022 |
2022 |
2022 |
2021 |
|
|
£ |
£ |
£ |
|
| Incomeandexpenditure |
|
|
|
|
|
| Income: |
|
|
|
|
|
| Donationsandlegacies |
1 |
52,101 |
1,432,256 |
1,484,358 |
1,655,436 |
| Interestreceivable |
|
|
515 |
515 |
34 |
| Totalincome |
|
52,101 |
1,432,772 |
1,484,873 |
1,655,470 |
| Expenditureon: |
|
|
|
|
|
| Charitableactivities |
|
|
|
|
|
| .GrantstotheGenesisFoundation |
2 |
|
281,612 |
281,612 |
319,796 |
| .Othergrantspayable |
2 |
|
1,152,377 |
1,152,377 |
1,451,950 |
| .Supportcosts |
3 |
|
31,227 |
31,227 |
29,304 |
| Totalexpenditure |
2 |
|
1,465,216 |
1,465,216 |
1,801,050 |
| Netincome(expenditure)andnetmovementin |
4 |
|
|
|
|
| funds |
|
52,101 |
(32,444) |
19,657 |
(145,580) |
| Reconciliationoffunds: |
|
|
|
|
|
| Fundbalancesbroughtforwardat1January |
|
|
50,809 |
50,809 |
196,389 |
| Fundbalancescarriedforwardat31December |
|
52,101 |
18,365 |
70,466 |
50,809 |
|
|
2022 |
2021 |
|
Notes |
£ |
£ |
| Currentassets: |
|
|
|
| Debtors |
7 |
79,056 |
75,975 |
| Cashatbank |
|
99,142 |
194,904 |
| Totalcurrentassets |
|
178,198 |
270,879 |
| Liabilities: |
|
|
|
| Creditors:amountsfallingduewithinoneyear |
8 |
(107,732) |
(220,070) |
| Netcurrentassets |
|
70,466 |
50,809 |
| Thefundsofthecharity: |
|
|
|
| Capitalandfunds |
|
|
|
| Calledupsharecapital |
10 |
100 |
100 |
| Incomefunds |
|
|
|
| Restrictedfunds |
13 |
52,101 |
|
| Unrestrictedfunds |
|
|
|
| .Generalfund |
|
18,365 |
50,709 |
| Totalcharityfunds |
|
70,466 |
50,809 |
|
|
2022 |
2021 |
|
Notes |
£ |
£ |
| Cashflowsusedinoperatingactivities: |
|
|
|
| Netcashusedinoperatingactivities |
A |
(96,277) |
(947) |
| Netcashfrominvestingactivities |
|
|
|
| Interestreceivable |
|
515 |
34 |
| Netcashprovidedbyinvestingactivities |
|
515 |
34 |
| Changeincashandcashequivalentsintheyear |
|
(95,762) |
(913) |
| Cashandcashequivalentsat1January |
B |
194,904 |
195,817 |
| Cashandcashequivalentsat31December |
B |
99,142 |
194,904 |
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Netincome(expenditure)asperthestatementoffinancialactivities |
19,657 |
(145,580) |
|
Adjustmentsfor: |
|
|
|
Interestreceivable |
(515) |
(34) |
|
Increaseindebtors |
(3,081) |
(20,230) |
|
(Decrease)increaseincreditors |
(112,338) |
164,897 |
|
Netcashusedinoperatingactivities |
(96,277) |
(947) |
| B |
Analysisofcashandnetdebt |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
|
Cashatbankandinhand |
99,142 |
194,904 |
|
Totalcashandcashequivalents |
99,142 |
194,904 |
| Donations |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Donationsfrom: |
|
|
| .Foundertrustee(note12) |
1,431,717 |
1,654,316 |
| .Otherdonations |
52,641 |
1,120 |
| 2022Totalfunds |
1,484,358 |
1,655,436 |
| Grantspayable |
|
|
|
Unrestricted |
|
|
2022 |
2021 |
|
£ |
£ |
| GenesisFoundation |
|
|
| GrantstotheGenesisFoundation |
281,612 |
319,796 |
| GrantsinsupportoftheGenesisFoundation |
|
|
| .GenesisKickstartFund(seeAppendix) |
360,000 |
640,000 |
| .YoungVic |
143,000 |
63,250 |
| .National Theatre |
100,000 |
125,000 |
| .TheSixteen—GenesisSixteen |
155,000 |
195,000 |
| .AlmeidaTheatre |
|
43,000 |
| .CathedralMusicTrust |
12,500 |
25,000 |
| .JewishBookWeek |
50,000 |
37,500 |
| .DurhamCathedral |
|
10,000 |
| .GenesisPrize |
15,000 |
|
| .Musiccommissions |
87,760 |
44,700 |
|
923,260 |
1,183,450 |
| TotalgrantsinsupportofGenesisFoundation(c/ftopage18) |
1,204,872 |
1,503,246 |
| Grantspayable(continued) |
|
|
|
Unrestricted |
|
|
2022 |
2021 |
|
£ |
£ |
| GrantsinssupportofGenesisFoundation(b/ffrompage17) |
1,204,872 |
1,503,246 |
| Othergrants |
|
|
| Communitydevelopment |
|
|
| Passage2000 |
25,000 |
25,000 |
| StJudeIndiaChildCentre |
10,200 |
6,000 |
| OrderofMaltaVolunteers |
25,000 |
- |
|
60,200 |
31,000 |
| TheArts |
|
|
| BrittenPearsArts |
- |
10,000 |
| CathedralMusicTrust |
- |
1,000 |
| GoodChanceTheatre |
— |
90,000 |
| LondonMusicFund |
12,000 |
25,000 |
| ResponsibleInfluenceinArts&Culture |
25,000 |
- |
| SerpentineGalleries |
16,667 |
- |
|
53,667 |
126,000 |
| Currentaffairs |
|
|
| RoyalInstituteofInternationalAffairs |
- |
75,000 |
|
|
75,000 |
| Religion |
|
|
| GalileoFoundation |
— |
10,000 |
| HMTowerofLondonChapelsRoyalFoundation |
3,000 |
|
| Queen'sChoralFoundation |
3,000 |
|
|
6,000 |
10,000 |
| Other |
|
|
| RidingfortheDisabledAssociation |
69,250 |
26,500 |
| InterMediate |
25,000 |
— |
| RoyalFoundationofthePrince&PrincessofWales |
15,000 |
- |
|
109,250 |
26,500 |
| Total—Other grants |
229,117 |
268,500 |
| Total—Allgrants |
1,433,989 |
1,771,746 |
| Governancecosts(seenote3) |
31,227 |
29,304 |
| Total |
1,465,216 |
1,801,050 |
| Governance |
|
|
|
Unrestricted |
|
|
2022 |
2021 |
|
Total |
Total |
|
funds |
funds |
|
£ |
£ |
| Professionalfees |
29,602 |
27,854 |
| Othercosts |
1,625 |
1,450 |
| Totalfunds |
31,227 |
29,304 |
Netincome(expenditure)
Thisisstatedaftercharging: |
|
|
|
2022 |
2021 |
|
Total |
Total |
|
funds |
funds |
|
£ |
£ |
| Auditor'sremuneration(includingVAT) |
|
|
| .Statutoryauditservices |
16,364 |
16,950 |
| .Otherservices |
11,840 |
6,932 |
| Debtors |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Taxationrecoverableongiftaiddonations |
64,631 |
61,250 |
| GenesisAmericaInc. |
14,325 |
14,325 |
| Unpaidsharecapital |
100 |
100 |
| Otherdebtors |
- |
300 |
|
79,056 |
75,975 |
|
2022 |
2021 |
|
£ |
£ |
| Accrualsandothercreditors |
23,492 |
31,070 |
| Approvedprojectsandgrants |
84,240 |
189,000 |
|
107,732 |
220,070 |
|
2022 |
2021 |
|
£ |
£ |
| GenesisFoundation |
|
|
| .Payablewithinoneyear |
394,167 |
708,000 |
| .Payablebetweentwoandfiveyears |
196,666 |
80,000 |
|
590,833 |
788,000 |
|
|
Authorised |
|
Allottedand |
calledup |
|
|
2022 |
2021 |
2022 |
2021 |
|
|
£ |
£ |
£ |
£ |
| Ordinarysharesof£1 |
each |
100 |
100 |
100 |
100 |
|
|
|
|
|
|
|
At |
|
|
|
|
At |
|
|
31 |
|
|
|
1 |
January |
|
|
December |
|
|
|
|
2022 |
Income |
Expenditure |
2022 |
|
|
|
|
£ |
£ |
£ |
£ |
| Genesis |
Theatre |
Design |
|
— |
52,101 |
|
52,101 |
| Programme |
Fund |
|
|
|
|
|
|
|
|
|
|
— |
52,101 |
|
52,101 |