## 

## 

## 



## 

|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|





## 

## 

## 

## 



## 




## 

## 

## 

## 



## 

## 



## 

## 

## 






## 

|||Unrestricted|Restricted||Unrestricted|Restricted||
|---|---|---|---|---|---|---|---|
|||2023|2023|2023|2023|2023|2022|
||Notes|£|£|£|£|£|£|
|Incomeandexpenditure||||||||
|Income:||||||||
|Donationsandlegacies|1|<br>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|






## 

|||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|



## 



## 

## 



SPPAGEBREAK