| Page | |||
|---|---|---|---|
| Legal and Administrative | Information | ||
| Report ofthe | Trustees | ||
| Independent | Auditors' | Report | |
| Statement of | Financial | Activities | 15 |
| Balance Sheet | 16 | ||
| Statement of | Cash Flows | 17 | |
| Notes to the | Financial Statements | 18 |
| Trustee | Marisa Schiestl-Swarovski | Marisa Schiestl-Swarovski | (Chairperson) | (Chairperson) | (Chairperson) | (Chairperson) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Helene Antonia von Damm |
|||||||||||||||
| Evelyn Haim Swarovski (Appointment |
25 | Jan | 2022) | ||||||||||||
| Anouchka Rafail-Vogiatzakis |
(Appointment | 11 | Feb 2022) | ||||||||||||
| Paul van Zyl (Resignation |
21 | Jan | 2022) | ||||||||||||
| Jonathan Edward |
Michener | Baillie (Resignation | 24Jan 2022) | ||||||||||||
| Lorenza (aka Mimma) Viglezio (Resignation | 21 | Jan 2022) | |||||||||||||
| Teri Ellen Schwartz | (Resignation | 4 Feb | 2022) | ||||||||||||
| Melanic Grieder-Swarovski | (Resignation | 4 | Feb | 2022) | |||||||||||
| Director of | the Swarovski | ||||||||||||||
| Foundation | Jakhya Rahman-Corey | ||||||||||||||
| Registered | office | 1st Floor, Building | 4 Chiswick | Park, | |||||||||||
| 566 Chiswick High |
Road, | ||||||||||||||
| London, | |||||||||||||||
| W4 SYE | |||||||||||||||
| Bankers | HSBC | ||||||||||||||
| 9The Boulevard | |||||||||||||||
| Crawley | |||||||||||||||
| West Sussex | |||||||||||||||
| RH10 1UT | |||||||||||||||
| Independent | Statutory | Auditor | Saffery Champness | ||||||||||||
| 71Queen Victoria Street | |||||||||||||||
| London | |||||||||||||||
| EC4V 4BE | |||||||||||||||
| Company | Registration | No. | 08325666 (England | and Wales) | |||||||||||
| Charity Registration | No. | 1153618 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||||
| Unrestricted | Restricted | Total | &total funds | ||||||
| Note | |||||||||
| Income: | |||||||||
| Donations and legacies |
2, 8 | 2,089,149 | 4,722 | 2,093,871 | 1,754,117 | ||||
| Total Income | 2,089,149 | 4,722 | 2,093,871 | 1,754,117 | |||||
| Expenditure: | |||||||||
| Expenditure | on charitable | activities | 3,8 | 1,622,186 | 4,722 | 1,626,908 | 1,613,007 | ||
| Tota I expenditure | 1,622,186 | 4,722 | 1,626,908 | 1,613,007 | |||||
| Net income | 466,963 | 466,963 | 141,110 | ||||||
| Other (losses) /gains | on foreign | (11,270) | (11,270) | 6,505 | |||||
| exchange | |||||||||
| Net movement | in | funds | for the | 455,693 | 455,693 | 147,615 | |||
| year | |||||||||
| Total funds / |
(deficit) | brought | 9,417 | 9,417 | (138,198) | ||||
| forward | |||||||||
| Total funds | carried | forward | 465,110 | 465,110 | 9,417 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | ||||
| Current assets | ||||
| Cash at bank and in | hand | 1,122,387 | 564,424 | |
| Prepayments | 32,500 | |||
| 1,122,387 | 596,924 | |||
| Liabilities | ||||
| Creditors: amounts | falling due | |||
| within one year | (657,277) | (455,523) | ||
| Net current assets | 465,110 | 141,401 | ||
| Creditors: amounts | falling due | |||
| after one year | (131,984) | |||
| Net assets | 465,110 | 9,417 | ||
| Funds | ||||
| Unrestricted funds |
||||
| General funds | (16,773) | (184,677) | ||
| Designated funds |
481,883 | 194,094 | ||
| Total funds | 465,110 | 9,417 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Cash flow from operating | activities: | |||||
| Net cash provided by operating |
activities | |||||
| and change in cash and cash equivalents |
||||||
| in the reporting period |
13 | 557,963 | 49,552 | |||
| Cash and cash equivalents | at the beginning | |||||
| ofthe reporting period |
564,424 | 514,872 | ||||
| Cash and cash equivalents | at | the end | ofthe reporting | period | 1,122,387 | 564,424 |
| 2 | Voluntary | income | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Donation-Swarovski AG |
1,506,854 | 1,283,694 | ||||
| Donated | service-Swarovski | North | 80,252 | 105,910 | ||
| America | ||||||
| Donated | service-Swarovski | UK | 294,860 | 286,208 | ||
| Donated | service-D Swarovski | KG | 82,376 | 70,392 | ||
| Donation | —other funding | 124,807 | 7,913 | |||
| Donation | - restricted | 4,722 | ||||
| 2,093,871 | 1,754,117 |
| 3 | Charitable activities |
|||||
|---|---|---|---|---|---|---|
| Grant making | 2022 | 2021 | ||||
| E | E | |||||
| UNHCR | 125,786 | 42,825 | ||||
| UNHCR (restricted) | 4,722 | |||||
| UNICEF | 87,217 | |||||
| The Nature Conservancy |
87,217 | |||||
| Teach for Thailand | 84,194 | |||||
| Conservation International |
87,217 | 42,895 | ||||
| Room to Read | 84,194 | 4,516 | ||||
| Teach for Austria | 84,194 | |||||
| Design Museum | 65,413 | 64,342 | ||||
| Turquoise Mountain |
84,194 | |||||
| CFDA | 116,110 | |||||
| Equal Justice Initiative | 64,343 | |||||
| Blue Marine Foundation | 64,343 | |||||
| UNFPA | 4,517 | |||||
| VOW to End Child Marriage | (9,033) | |||||
| Women for Women | 42,825 | |||||
| Central Saint Martins | 128,685 | |||||
| Mothers 2 Mothers |
42,851 | |||||
| Fashion Council Germany | 128,685 | |||||
| Young Minds | 42,851 | |||||
| NationalAids Trust |
42,851 | |||||
| Womankind | 17,200 | |||||
| ACE | 42,851 | |||||
| Reserved for Action | Fund | 21,447 | ||||
| Creatives for Our |
Future | (grants | to | |||
| individuals) | 113,394 | 98,312 |
| 3 | Charitable activities |
|||
|---|---|---|---|---|
| Grant making (continued) | 2022 | 2021 | ||
| E | E | |||
| Employee Engagement |
(Ukraine | |||
| UNHCR match) | 21,746 | |||
| Whitechapel Gallery |
25,000 | |||
| Subtota I grants |
954,488 | 1,003,406 | ||
| Support costs (see below) | 603,621 | 564,758 | ||
| Governance costs (Note |
4) | 68,799 | 44,843 | |
| 1,626,908 | 1,613,007 | |||
| 2022 | 2021 | |||
| Support Costs: | E | E | ||
| Grant administration | 400,677 | 413,708 | ||
| Advocacy 8 Engagement | 183,558 | 132,787 | ||
| Finance and administration | 5,152 | 5,920 | ||
| Legal and professional | 14,234 | 12,343 | ||
| 603,621 | 564,758 |
| Governance | costs | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| f. | E | |||
| Legal, professional, | finance and administration | 37,424 | 30,538 | |
| Audit and | accountancy | 16,020 | 11,040 | |
| Other governance | costs | 15,355 | 3,265 | |
| 68,799 | 44,843 |
| Included above |
is a notional cost off37,424 in respect ofdonated | is a notional cost off37,424 in respect ofdonated | services (2021:E30,538). | |
|---|---|---|---|---|
| Net income | / (expenditure) | is stated after charging: | ||
| 2022 | 2021 | |||
| E | E | |||
| Auditors' remuneration |
16,020 | 11,040 |
| 6 | Creditors: amounts | Creditors: amounts | due within | due within | due within | one year | one year | 2022 | 2021 | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| E | E | |||||||||||
| Accruals | 15,420 | 28,200 | ||||||||||
| Grants payable | 636,206 | 394,723 | ||||||||||
| Other creditors | 5,651 | 32,500 | ||||||||||
| 657,277 | 455,523 | |||||||||||
| 7 | Creditors: amounts | due after | one year | 2022 f |
2021 E |
|||||||
| Grants payable | (due | within | 1-2years) | 131,984 | ||||||||
| 131,984 | ||||||||||||
| 8 | Funds | |||||||||||
| 2022 | Funds | b/fwd | Incoming | Resources | Gains/ | Funds | ||||||
| resources | expended | (Losses) | c/fwd | |||||||||
| E | E | E | E | f | ||||||||
| General unrestricted | funds | (184,677) | 1,674,868 | (1,487,046) | (19,918) | (16,773) | ||||||
| Restricted funds | 4,722 | (4,722) | ||||||||||
| Designated funds: |
||||||||||||
| Employee programme |
41,900 | (21,746) | 1,097 | 21,251 | ||||||||
| Creatives for our | Future | 152,194 | 261,651 | (113,394) | 5,547 | 305,998 | ||||||
| Action Fund | 65,413 | 859 | 66,272 | |||||||||
| 10'"Anniversary | 87,217 | 1,145 | 88,362 | |||||||||
| Total funds | 9,41 | 7 | 2,093,871 | (1,626,908) | (11,270) | 465, 'I 10 | ||||||
| 2021 | Deficit | Incoming | Resources | (Losses)/ | Funds | |||||||
| b/fwd | resources | expended | Gains | c/fwd | ||||||||
| f | E | E | E | E | ||||||||
| General unrestricted | funds | (296,048) | 1,608,274 | (1,514,695) | 17,792 | (184,677) | ||||||
| Designated funds: |
||||||||||||
| Employee programme |
45,100 | (3,200) | 41,900 | |||||||||
| Creatives for our | Future | 112,750 | 145,843 | (98,312) | (8,087) | 152,194 | ||||||
| Total funds | (138,198) | 1,754,117 | (1,613,007) | 6,505 | 9,417 |
| 2022 | |||||||
|---|---|---|---|---|---|---|---|
| Cash at bank | Other Current | Creditors | Total | ||||
| Assets/ | |||||||
| Liabilities | Over 1year | ||||||
| E | E | E | |||||
| Funds | |||||||
| Unrestricted | funds | ||||||
| General | funds | 640,504 | (657,277) | (16,773) | |||
| Designated | funds | 481,883 | 481,883 | ||||
| 1,122,387 | (657,277) | 465,110 | |||||
| 2021 | |||||||
| Cash at bank | Current | Creditors | Total | ||||
| Assets/ | |||||||
| Liabilities | Over 1 year | ||||||
| E | E | ||||||
| Funds | |||||||
| Unrestricted | funds | ||||||
| Genera | I | funds | 370,330 | (423,023) | (131,984) | (184,677) | |
| Designated | funds | 194,094 | 194,094 | ||||
| 564,424 | (423,023) | (131,984) | 9,417 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| E | E | |||||
| Net (expenditure) / |
income for the reporting | period (as per the | ||||
| statement | offinancial activities) | 455,693 | 147,614 | |||
| Adjustments for: |
||||||
| Decrease | / (increase) | in debtors | 32,500 | (32,500) | ||
| Increase / |
(decrease) | in creditors | 69,770 | (65,562) | ||
| Net cash | provided by operating |
activities | 557,963 | 49,552 |
| nalysis ofchanges in net |
debt | |||
|---|---|---|---|---|
| 2022 | At | start of | Cashflows | At end of |
| yearf | year E |
|||
| Cash | 564,424 | 557,963 | 1,122,387 | |
| Total | 564,424 | 557,963 | 1,122,387 | |
| 2021 | At | start of | Cashflows | At end of |
| year | year | |||
| E | E | |||
| Cash | 514,872 | 49,552 | 564,424 | |
| Total | 514,872 | 49,552 | 564,424 |