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2021-12-31-accounts

Alpine Fellowship Foundation Charitable Incorporated Organisation Registered Charity Number: 1172196

TRUSTEES ANNUAL REPORT and FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

The Alpine Fellowship Foundation

Report and financial statements for the year ended 31st December 2021

Reference & Administrative Details Page
Contents 1
Report of the Trustees 2-7
Independent Examiner Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11-13

Charity Registration Number 1172196

Trustees

J. H. L. Burda A. J. Lawson M. C. Lesslie

Registered Office

C/o Charles Russell Speechlys LLP 5 Fleet Place London EC4M 7RD

Bankers

Barclays Bank PLC Leicestershire Leicester England LE872BB

Independent Examiners

Moore Kingston Smith LLP 9 Appold Street London EC2A 2AP

Solicitors

C/o Charles Russell Speechlys LLP One London Square Cross Lanes Guildford Surrey GU1 1UN

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The Alpine Fellowship Foundation

Report and financial statements for the year ended 31st December 2021

Trustees Report

The Trustees present their annual report together with the unaudited financial statements of the charity for the year ended 31 December 2021 under the Charities Act 2011.

Having considered the guidance of the Charity Commission and the Charities Act 2011, the Trustees have considered that an audit is not required.

The Legal and administrative information set out on page 1 forms part of this report.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Charity

The Charity is constituted as a Charitable Incorporated Organisation and was registered with the Charities Commission under Charity number 1172196 on the 22 March 2017.

Governing Document

The CIO is governed by its Constitution, last amended on 22 March 2017.

Charity's Objectives and Activities

The Charity's objects as set out in the Constitution are:-

The trustees consider that the objectives and activities of the Charity meet the public benefit requirements as set out in the Charities Act 2011.

Trustees

The Charity's operations are administered by the following individuals who form the board of Trustees:

J. H. L. Burda

A. J. Lawson

M. C. Lesslie

The Trustees shown above have held office during the whole of the period from 22 March 2017 to the date of this report. Apart from those listed above, every trustee must be appointed by a resolution passed at a properly convened meeting to the charity trustees.

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The Alpine Fellowship Foundation

Report and financial statements for the year ended 31st December 2021

Trustees Report

Trustees (continued)

The Charity Trustees will make available to each new Charity Trustee, on or before his or her first appointment. a) A copy of the current version of the constitution; and

b) A copy of the CIO's latest Trustees' Annual Report and Statement of Accounts.

Financial Review

In the year, £nil (2020: £300,000) was received from the Foundation's founder and trustee.

The Foundation spent £74,697 (2020: £102,805) on charitable activities in the current financial year.

At the balance sheet date, the Charity had had a deficit of £74,697 (2020: surplus of £197,195) all of which were unrestricted. The current year deficit was due to expenditure being incurred by the Foundation in its charitable activities, but this was not coupled with any income for the same period.

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The Alpine Fellowship Foundation

Report and financial statements for the year ended 31st December 2021

Trustees Report

Achievements and Public Benefit

The Alpine Fellowship Foundation (the “Foundation”) aims to bring people together from different backgrounds and disciplines to support, commission and showcase artists, writers, academics and playwrights at all stages of their careers. It is committed to discovering emerging talent, to disseminating new ideas and to sharing thoughts about art, literature and philosophy.

Each year, we select a theme around which all of our activities are based. This year’s theme was ‘Untamed: On Wilderness and Civilisation. We hoped that this theme would encourage dialogue and engagement from the world’s of art, literature, academia and theatre, with the environment and our place within it.

Our work is typically divided into two interlocking strands: our prizes, which aim to offer financial support, visibility and networking opportunities to developing talent around the world, and the symposium, an annual gathering which aims to bring people from disparate fields together with the aim of sharing knowledge and ideas and forming new collaborations and bonds.

Unfortunately, the continuing challenges for gatherings and travel presented by the pandemic meant that our 2021 symposium had to be cancelled. However, our prizes progressed as usual and we continued to provide important financial support to artists, writers, playwrights and academics in the UK and around the world.

This year, we achieved a record total of submissions overall, as well as individual record totals for our Visual Art and Writing Prizes. The total number of submissions was: 4,077. Individual breakdowns were:

Academic Writing Prize: 98 Visual Art Prize: 974 Theatre Prize: 204 Writing Prize: 2801

These submissions are carefully and selectively vetted down to shortlists, which are then delivered (anonymously) to our prize judges, all of whom are esteemed experts and leaders in their fields.

The Theatre Prize was judged by Roxana Silbert, Artistic Director of the Hampstead Theatre, along with award-winning theatre director Blanche McIntyre and playwright Juliet Gilkes Romero.

The Visual Arts Prize was judged by Serpentine Gallery founder, Sue Grayson Ford, former Glasgow Museums director Julian Spalding and founder of Mumbai-based Founder and Director at Latitude 28 Gallery, Bhavna Kakar.

The Writing Prize was judged by award-winning former National Poet of Wales Gillian Clarke, the Scottish poet and novelist and winner of the T. S. Eliot Prize and the Forward Poetry Prize, John Burnside and award-winning children’s author and academic Katherine Rundell.

The Academic Writing Prize was judged by Andrew Huddleston, Professor of Philosophy and Director of the Centre for Research in Post-Kantian Philosophy, Sukhdev Sandhu, Director of the Center for Experimental Humanities and Associate Professor of English and Social and Cultural Analysis at New York University, Samuel Hughes, Associate Faculty Member at the University of Oxford, and Susanna Berger, Associate Professor of Art History and Philosophy at the University of Southern California.

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The Alpine Fellowship Foundation

Report and financial statements for the year ended 31st December 2021

We’re honoured to attract such prestigious judges across all of our fields.

We are also delighted to have offered support to this year’s winners. They included:

Academic Writing Prize Winner: Patrick Hegarty-Morish Second Place: Joanna Wolfarth

Theatre Prize Winner: Isla Cowan Second Place: Monique Giroux Third Place: Andrew Thompson

Visual Art Prize Winner: Angela Eames Second Place: Aakriti Chandervanshi Third Place: James Perkins

Writing Prize Winner: A.J. Bermudez Second Place: Comfrey Sanders Third Place: Kerry Andrew

In addition to financial support, we are also proud to publish the winners of the Writing Prize and the Academic Writing Prize on our website. This gives emerging talent credibility and a proof point for when sharing their work with other outlets or educational institutes. We will continue to offer this to writers in the future, and are also exploring ways that we can further showcase the work of our other winners.

This year, for the first time, we also introduced a new scheme called the Associate Fellows programme. This is aimed at creative practitioners who do not fit neatly into one of our other prize categories and has as its reward an invitation to our symposium. The pilot programme of this work received just under 30 applications from all over the world, and we held interviews with 10 shortlisted entrants. We were extremely impressed with the diversity and eclecticism of the entries, and held interviews with everything from musicians to foragers, from non-text based theatre makers to experts in solar panels in developing economies. Sadly, because our symposium was cancelled, we were not able to invite the finalists to our symposium. However, we intend to continue this scheme next year and look forward to welcoming our first Associate Fellows in 2022.

We were also proud to continue offering support in the form of a grant to “The Outsiders Project”. The Outsiders Project is part of Bournemouth Emerging Arts Fringe (BEAF), an independent creative community in Boscombe. The aim of the Project is to show that people side-lined from society can write, perform and create work at the highest level. It supports the outsider community to push boundaries to prove they can create work of outstanding quality and worth. This project is managed under the guidance of playwright, novelist and Foundation Advisory Board member, Nell Leyshon.

During the course of the year, ‘The Outsider Project’ was able to host small artistic sharing’s, to publish its work in hard copy and to offer mentorship, advice and support to emerging artists who might not otherwise qualify for competitive individual arts funding.

5

The Alpine Fellowship Foundation

Report and financial statements

for the year ended 31st December 2021

Trustees Report

Income and Reserves Policy

Income is derived from donations. The Trustees' policy is to maximise this income for the benefit of the Charity.

The Trustees have established a policy whereby surplus reserves in the Charity's current account, if not relating to restricted funds, are held for general purposes in future accounting periods.

Risk Management and Going Concern

The Trustee's do not consider that there is any risk to the entity as the charity will be supported by its founder, who has confirmed future funding in 2021 and beyond. The charities income currently meets its distribution policy, which has been followed this year.

The Trustees regularly examine the major risks to which the Foundation is exposed to and, when any particular risks are deemed significant, discuss them at Trustees' meetings as well as taking appropriate steps to mitigate them.

Plans for Future Developments

The Trustees anticipate that further funds will be donated to the Charity so it can provide grants to support the objectives and aims of the charity.

Statement of Trustees Responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland.

Charity law requires the Trustees to prepare financial statements for each financial year in accordance Under charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of the affairs of the Charity and of the incoming/outgoing resources for that period.

In preparing the financial statements the Trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Charity's Constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

6

The Alpine Fellowship Foundation

Report and financial statements for the year ended 31st December 2021

Trustees Report

Statement of Trustees Responsibilities (continued)

In so far as the Trustees are aware:

This report was approved by the Trustees on 24th October 2022 and signed on its behalf by:

A. J. Lawson Trustee

M.C. Lesslie Trustee

J. H. L. Burda Trustee

7

Independent Examiner's Report to the Trustees of The Alpine Fellowship Foundation

I report to the trustees on my examination of the accounts of The Alpine Fellowship Foundation for the year ended 31 December 2021 which are set out on pages 8 to 12.

Responsibilities and basis of report

As the trustees of the CIO you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the CIO's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with

(1) accounting records were not kept in respect of the CIO as required by section 130 of the Act; or

(2) the accounts do not accord with those records; or

(3) the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Luke Holt, FCA For and on behalf of Moore Kingston Smith LLP Chartered Accountants

9 Appold Street London EC2A 2AP

Date:

8

The Alpine Fellowship Foundation

Statement of Financial Activities for the year ended 31st December 2021

Note
Income and endowments:
Donations
3
Total Income
Expenditure:
Conference fees
4
Competitions and prizes
4
Grants
4
Support costs
4
Total Expenditure
Reconciliation of Funds
Charitable activities :
Net Income/(Expenditure) for the year
Total funds brought forward at 31 December 2020
Total funds carried forward at 31st December 2021		 Unrestricted
Income
Fund
£
-
-
-
63,486
-
11,211
74,697
(74,697)
194,282
119,585		 Total
Funds
2021
£
-
-
-
63,486
-
11,211
74,697
(74,697)
194,282
119,585		 Total
Funds
2020
£
300,000
300,000
-
79,302
-
23,503
102,805
197,195
(2,913)
194,282

The accompanying notes form an integral part of these financial statements.

All activities are continuing and there are no recognised gains and losses other than as shown above.

The notes on pages 10 - 12 form part of these financial statements.

9

The Alpine Fellowship Foundation

Balance Sheet as at 31st December 2021

Note
Current Assets
Debtors
9
Cash at bank
Current Liabilities
Creditors: Amounts falling due within one year
10
Net Assets
Funds
Unrestricted Funds
Total Funds		 2021
£
6,900
124,351
131,251
11,666
11,666		 2021
2020
£
£
880
291,486
292,366
98,084
98,084
119,585
119,585
119,585		 2020
£
194,282
194,282
194,282

The Financial statements were approved by the Trustees on 24th October 2022 and authorised for issue on their behalf by:

Charity Registration Number: 1172196

10

The Alpine Fellowship Foundation

Notes to the Accounts

for the year ended 31st December 2021

1 Accounting Policies

The Alpine Fellowship Foundation is a CIO limited by guarantee incorporated and registered in England and Wales. The registered office is 5 Fleet Place, London, EC4M 7RD.

Basis of Preparation of the Financial Statements

The CIO is a public benefit entity for the purposes of FRS 102. The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The financial statements have been prepared for the year ended 31 December 2021 in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Standard applicable in the UK and Republic of Ireland (FRS 102), including update bulletin 2, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.

The financial statements are presented in sterling which is the functional currency of the Charity.

Going Concern

The Trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. In particular, the Trustees have considered the Charity's forecasts and projections and have taken account of pressures on investment income. The founder provides the foundation with donations when needed. After making enquiries, the Trustees have concluded that there a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

Income

All income is recognised in the Statement of Financial Activities (SOFA) when the Charity has entitlement to the income, there is probability of receipt and the amount can be measured. Where a claim for repayment of income tax has been or will be made such income is grossed up for the tax recoverable.

Grants and Donations Receivable

Grants and donations are recognised in the SOFA when conditions for receipt have been complied with.

Charitable Activities

Expenditure is included in the Statement of Financial Activities (SOFA) on an accruals basis. Support costs comprise the costs of administering the activities of the charity and is included within charitable expenditure. Governance costs are included in support costs associated with ensuring the charity meets its fiduciary duties.

Charitable activity costs include grants payable to third parties in furtherance of the charitable objects of the charity.

Judgements and key sources of estimation uncertainty

In the application of the Charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There were no signficant judgements or estimates in relation to the year under review.

11

The Alpine Fellowship Foundation

Notes to the Accounts

for the year ended 31st December 2021

Cash and cash equivalents include cash at bank and in hand and short term deposits with a maturity date of three months or less.

3 Donations

3
Donations
4
Charitable Activities
Grants (note 7)
Competitions and Prizes
Conference Fees
Other support costs
Donations		 Unrestricted
Income
Fund
£
-
-
Unrestricted Funds
Direct
Support
costs
Costs
£
£
-
-
43,761
19,725
-
-
-
11,211
43,761
30,936		 Total
Funds
2021
£
-
-
Total
2021
£
-
63,486
-
11,211
74,697		 Total
Funds
2020
£
300,000
300,000
Total
2020
£
-
79,302
-
23,503
102,805

5 Taxation

The CIO, being a registered charity, is not liable for corporation tax in respect of its operations for the year.

6 Trustees' Remuneration and Expenses

No members of the Board of Trustees received remuneration for their services during the year (2020: None) and no Trustee had travel expenses reimbursed during the year (2020: none)

One Trustee, J Burda, received a payment totalling £54,880 in the year for costs incurred on behalf of the charity in the prior year. This amount was shown in other creditors in the prior year.

7 Grants

The Charity awarded grants in furtherance of its charitable activities as follows:-

2021 2020
£ £
- -
- -

All grants are considered unrestricted expenditure to the charity.

8
Support costs
Advertising
Bank Charges
Consultancy Fees
Digital and Marketing Costs
Printing, Postage and Stationery
Sundry Expenses
Travel Costs
Collaboration
Governance Costs		 2021
£
-
180
6,000
13,725
1,382
-
-
-
9,649
30,936		 2020
£
11,601
-
14,680
5,000
-
-
601
10,000
22,902
64,784

12

The Alpine Fellowship Foundation

Notes to the Accounts For the year ended 31st December 2021

8A Governance costs
Independent examiners fees
Accountancy fees
Legal & professional fees
9
Debtors
Other debtors
Prepayments
10 Creditors: Amounts falling due within one year
Accruals
Creditors
Other creditors		 2021
£
4,788
-
4,861
9,649
2021
£
6,900
-
6,900
2021
£
9,986
1,680
-
11,666		 2020
£
2,958
1,830
18,114
22,902
2020
£
380
500
880
2020
£
8,508
34,696
54,880
98,084

11 Reserves

Unrestricted reserves represent funds available to the furtherance of the charities activities.

12 Related Party Transactions

During the period, donations were received totalling £nil (2020: £300,000) from J. Burda, a Trustee of the charity which was freely given to support the charity.

Included within Other creditors is an amount of £nil (2020: £54,880) owed to J. Burda, a trustee of the charity. This was for charitable expenses paid for by the Trustee, which were repaid in the year.

There were no other related party transactions that require disclosure in the period under review.

Key Management Personnel

Key management personnel comprise the board of trustees who received no remuneration in the current nor prior year.

The charity has no employees.

13