2023-12-31-accounts

Reports
Referenceandadministrativedetailsofthe
charity,itstrusteesandadvisers	1
Trustees'report	2
Independentauditor'sreport	7

FinancialStatements
Statementoffinancialactivities	11
Balancesheet	12
Statementofcashflows	13
Principalaccountingpolicies	14
Notestothefinancialstatements	17

Trustees	JohnStudzinskiCBE
	MatthewArmstrong(Appointed30June2023)
	JoyBrowne
	DavidLanCBE
TrusteeEmeritus	MsgrVladimirFelzmann
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	Farrer&CoLLP
	66Lincoln'sInnFields
	London
	WC2A3LH

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		Unrestricted	Restricted		Unrestricted	Restricted
		2023	2023	2023	2023	2023	2022
	Notes	£	£	£	£	£	£
Incomeandexpenditure
Income:
Donationsandlegacies	1	959,063	49,195	1,008,258	1,432,256	52,101	1,484,358
Interestreceivable		1,553		1,553	515		515
Totalincome		960,616	49,195	1,009,811	1,432,772	52,101	1,484,873
Expenditureon:
Charitableactivities
.GrantstotheGenesisFoundation	2	208,252	-	208,252	281,612	-	281,612
.Othergrants payable	2	823,118	100,000	923,118	1,152,377	-	1,152,377
.Governancecosts	3	37,041	-	37,041	31,227	-	31,227
Totalexpenditure	2	1,068,411	100,000	1,168,411	1,465,216	-	1,465,216
Net(expenditure)incomeandnet
movementinfunds	4	(107,795)	(50,805)	(158,600)	(32,444)	52,101	19,657
Reconciliationoffunds:
Fundbalancesbroughtforwardat1
January		18,365	52,101	70,466	50,809		50,809
Fundbalancescarriedforwardat31
December		(89,430)	1,296	(88,134)	18,365	52,101	70,466

		2023	2022
	Notes	£	£
Currentassets:
Debtors	7	113,118	79,056
Cashatbank		59,019	99,142
		172,137	178,198
Liabilities:
Creditors:amountsfallingduewithinoneyear	8	(260,271)	(107,732)
Netcurrent(liabilities)assets		(88,134)	70,466
Thefundsofthecharity:
Capitalandfunds
Calledupsharecapital	10	100	100
Incomefunds
Restrictedfunds	13	1,296	52,101
Unrestrictedfunds
.Generalfund		(89,430)	18,365
Totalcharityfunds		(88,134)	70,466

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		2023	2022
	Notes	£	£
Cashflowsusedinoperatingactivities:
Netcashusedinoperatingactivities	A	(41,676)	(96,277)
Netcashfrominvestingactivities
Interestreceivable		1,553	515
Netcashprovidedbyinvestingactivities		1,553	515
Changeincashandcashequivalentsintheyear		(40,123)	(95,762)
Cashandcashequivalentsat1January	B	99,142	194,904
Cashandcashequivalentsat31December	B	59,019	99,142

	Notestothestatementofcashflowsfortheyearto31December:
A	Reconciliationofnetexpendituretonetcashflowfromoperating	activities
		2023	2022
		£	£
	Netincome(expenditure)asperthestatementoffinancialactivities	(158,600)	19,657
	Adjustmentsfor:
	Interestreceivable	(1,553)	(515)
	Increaseindebtors	(34,062)	(3,081)
	Increase(decrease)increditors	152,539	(112,338)
	Netcashusedinoperatingactivities	(41,676)	(96,277)
B	Analysisofcashandnetdebt
		2023	2022
		£	£
	Cashatbankandinhand	59,019	99,142
	Totalcashandcashequivalents	59,019	99,142

1	Donations
		2023	2022
		£	£
	Donationsfrom:
	.Foundertrustee(note12)	959,063	1,431,717
	.Otherdonations	49,195	52,641
	2023Totalfunds	1,008,258	1,484,358

Grantspayable
	Unrestricted
	2023	2022
	£	£
GenesisFoundation
GrantstotheGenesisFoundation	208,252	281,612
GrantsinsupportoftheGenesisFoundation
.GenesisKickstartFund		360,000
.YoungVic	100,000	143,000
.AlmeidaTheatre	63,068
.NationalTheatre	100,000	100,000
.TheSixteen—GenesisSixteen	156,000	155,000
.RoyalAcademy	89,000
.CathedralMusicTrust		12,500
.JewishBookWeek	56,000	50,000
.GenesisTheatreDesignProgramme	100,000
.GenesisPrize	10,000	15,000
.Musiccommissions	86,600	87,760
	760,668	923,260
TotalgrantsinsupportofGenesisFoundation(c/ftopage18)	968,920	1,204,872

Grantspayable(continued)
	Unrestricted
	2023	2022
	£	£
GrantsinsupportofGenesisFoundation(b/ffrompage17)	968,920	1,204,872
Othergrants
Communitydevelopment
Passage2000	25,000	25,000
StJudeIndiaChildCentre	7,200	10,200
OrderofMaltaVolunteers	25,000	25,000
SouthbankSinfonia	5,000
	62,200	60,200
TheArts
LondonMusicFund		12,000
ResponsibleInfluenceinArts&Culture		25,000
SerpentineGalleries		16,667
		53,667
Religion
HMTowerofLondonChapelsRoyalFoundation		3,000
Queen'sChoralFoundation		3,000
		6,000
Other
RidingfortheDisabledAssociation	100,250	69,250
InterMediate		25,000
RoyalFoundationofthePrince&PrincessofWales		15,000
	100,250	109,250
Total—Othergrants	162,450	229,117
Total—Allgrants	1,131,370	1,433,989
Governancecosts(seenote3)	37,041	31,227
Total	1,168,411	1,465,216

Governance
	Unrestricted
	2023	2022
	Total	Total
	funds	funds
	£	£
Professionalfees	34,114	29,602
Othercosts	2,927	1,625
Totalfunds	37,041	31,227

This	isstatedaftercharging:
		2023	2022
		Total	Total
		funds	funds
		£	£
Auditor'sremuneration(includingVAT)
.Statutoryauditservices
-	Currentyear	18,720	16,364
-	Under(over)provisionforprioryear	1,389
.Otherservices		6,940	11,840

Debtors
	2023	2022
	£	£
Taxationrecoverableongiftaiddonations	98,693	64,631
GenesisAmericaInc.	14,325	14,325
Unpaidsharecapital	100	100
	113,118	79,056

	2023	2022
	£	£
Tradecreditors	24,605	26
Accruals	27,058	23,466
Approvedprojectsandgrants	208,608	84,240
	260,271	107,732

	2023	2022
	£	£
GenesisFoundation
.Payablewithinoneyear	685,333	394,167
.Payablebetweentwoandfiveyears	219,500	196,666
	904,833	590,833

		Authorised		Allottedand	calledup
		2023	2022	2023	2022
		£	£	£	£
Ordinarysharesof£1	each	100	100	100	100

Restrictedfunds
					At
		At			31
	1	January			December
		2023	Income	Expenditure	2023
		£	£	£	£
GenesisTheatreDesignProgramme
Fund		52,101	49,195	(100,000)	1,296
		52,101	49,195	(100,000)	1,296

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