| Trustees | David Heyman | |||
|---|---|---|---|---|
| Eric Fellner | ||||
| William Kennard |
(Appointed | 7June 2022) | ||
| Nishy Lail |
||||
| Sarah Lazarides | ||||
| DanielSopher | ||||
| Charity number | 1183889 | |||
| Principal address | Sopher+ Co | |||
| Unit S | ||||
| Elstree Gate | ||||
| Elstree Way | ||||
| Borehamwood | ||||
| WD6 1JD | ||||
| Auditor | HW Fisher LLP | |||
| Acre House | ||||
| 11-1SWilliam | Road | |||
| London | ||||
| NW1 3ER | ||||
| United Kingdom |
||||
| Bankers | Coutts &Co | |||
| 440 Strand | ||||
| Charing Cross | ||||
| London | ||||
| WC2R OQS | ||||
| Solicitors | Harbottle 5 Lewis LLP | |||
| 7Savoy Court | ||||
| London | ||||
| WC2R OEX |
| Page | |||
|---|---|---|---|
| Trustees' report | 1-5 | ||
| Statement of | trustees' | responsibilities | |
| Independent | auditor's | report | 7-9 |
| Statement of | financial | activities | 10 |
| Balance sheet | |||
| Statement of | cash flows | 12 | |
| Notes to the financial | statements | 13-22 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | |||
| Notes | f | F. | f | F. | F. | f | ||
| Income and endowments | from: | |||||||
| Donations and |
legacies | 3 | 259,980 | 1,394,400 | 1,654,380 | 351,948 | 1,538,750 | 1,890,698 |
| Investments | 4 | 160 | 160 | 73 | 73 | |||
| Other income | 4,069 | 4,069 | 3,529 | 3,529 | ||||
| Tota I income | 264,209 | 1,394,400 | 1,658,609 | 355,550 | 1,538,750 | 1,894,300 | ||
| ~Ee Chtu ra: | ||||||||
| Raising funds | 33,669 | 33,669 | 803 | 803 | ||||
| Charitable activities |
241,392 | 1,558,911 | 1,800,303 | 193,538 | 1,086,596 | 1,280,134 | ||
| Total resources | expended | 275,061 | 1,558,911 | 1,833,972 | 194,341 | 1,086,596 | 1,280,937 | |
| Net (expenditure)/income | for the | |||||||
| year/ | ||||||||
| Net movement | in funds | (10,852) | (164,511) | (175,363) | 161,209 | 452,154 | 613,363 | |
| Fund balances | at 1 | |||||||
| September 2021 | 441,091 | 564,154 | 1,005,245 | 279,882 | 112,000 | 391,882 | ||
| Fund balances | at 31August | |||||||
| 2022 | 430,239 | 399,643 | 829,882 | 441,091 | 564,154 | 1,005,245 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f | E | |||||
| Fixed assets | |||||||
| Tangible assets | 12 | 1,036 | 2,404 | ||||
| Current assets | |||||||
| Debtors | 166,148 | 9,674 | |||||
| Cash at bank and in | hand | 685,257 | 1,010,844 | ||||
| 851,405 | 1,020,518 | ||||||
| Creditors: amounts | falling due within one year | 14 | (22,559) | (17,677) | |||
| Net current assets | 828,846 | 1,002,841 | |||||
| Total assets less current | liabilities | 829,882 | 1,005,245 | ||||
| Income funds | |||||||
| Restricted funds | 15 | 399,643 | 564,154 | ||||
| Unrestricted funds |
430,239 | 441,091 | |||||
| 829,882 | 1,005,245 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | f | |||||
| Cash flows from operating activities |
||||||
| Cash (absorbed by)/generated from operations |
18 | (325,747) | 616,620 | |||
| Investing activities | ||||||
| Purchase oftangible fixed assets |
(2,417) | |||||
| Investment income received |
160 | 73 | ||||
| Net cash generated from/(used in) investing |
||||||
| activities | 160 | (2,344) | ||||
| Net cash used in financing activities | ||||||
| Net (decrease)/increase in cash and cash equivalents |
(325,587) | 614,276 | ||||
| Cash and cash equivalents at beginning |
ofyear | 1,010,844 | 396,568 | |||
| Cash and cash equivalents at end ofyear |
685,257 | 1,010,844 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
| E | E | f | f | f | f | ||
| Donations | and gifts | 234,681 | 1,394,400 | 1,629,081 | 327,880 | 1,538,750 | 1,866,630 |
| Gifts in kind | 25,299 | 25,299 | 24,068 | 24,068 | |||
| 259,980 | 1,394,400 | 1,654,380 | 351,948 | 1,538,750 | 1,890,698 |
| Gifts in kind | Gifts in kind | ||||
|---|---|---|---|---|---|
| Sopher+ | Co | 20,799 | 20,799 | 22,628 | 22,628 |
| Harbottle | & Lewis LLP | 4,500 | 4,500 | 1,440 | 1,440 |
| 25,299 | 25,299 | 24,068 | 24,068 |
| 4 | Investments | ||||
|---|---|---|---|---|---|
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Interest receivable | 160 | 73 | |||
| 5 | Other income | ||||
| Unrestricted | Unrestricted | ||||
| funds | funds | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Other income | 4,069 | 3,529 | |||
| 6 | Raising funds | ||||
| Unrestricted | Total | ||||
| funds | |||||
| 2022 | 2021 | ||||
| f | f | ||||
| Fundraisin | and | ublicit | |||
| Events cost | 33,669 | 803 |
| Total | Total | ||
|---|---|---|---|
| 2022 | 2021 | ||
| E | E | ||
| Grant funding ofactivities (see note 8) | 1,558,911 | 1,086,596 | |
| Share ofsupport costs (see note 9) | 210,680 | 179,888 | |
| Share ofgovernance | costs (see note 9) | 30,712 | 13,650 |
| 1,800,303 | 1,280,134 | ||
| Analysis by fund |
|||
| Unrestricted funds |
241,392 | 193,538 | |
| Restricted funds | 1,558,911 | 1,086,596 | |
| 1,800,303 | 1,280,134 | ||
| Grants payable | |||
| Total | Total | ||
| 2022 | 2021 | ||
| E | E | ||
| Grants to institutions: | |||
| London Screen Academy | 1,358,911 | 1,086,594 | |
| East London Arts and | Music | 200,000 | |
| Effect offoreign exchange differences | |||
| 1,558,911 | 1,086,596 |
| 9 | Support costs | Support costs | ||||||
|---|---|---|---|---|---|---|---|---|
| Support costs | Governance | 2022 | Support costs | Governance | 2021 | |||
| costs | costs | |||||||
| Staff costs | 155,255 | 155,255 | 134,540 | 134,540 | ||||
| Recruitment | costs | 7,775 | 7,775 | |||||
| Travelling | 19 | 19 | 74 | 74 | ||||
| ONce costs | 11,867 | 11,867 | 12,171 | 12,171 | ||||
| Insurance | 3,767 | 3,767 | 5,633 | 5,633 | ||||
| Professional | fees | 30,629 | 30,629 | 26,468 | 26,468 | |||
| Depreciation | 1,368 | 1,368 | 1,002 | 1,002 | ||||
| Audit fees | 24,562 | 24,562 | 13,650 | 13,650 | ||||
| Professional | fees | 6,150 | 6,150 | |||||
| 210,680 | 30,712 | 241,392 | 179,888 | 13,650 | 193,538 | |||
| Analysed between |
||||||||
| Charitable activities |
210,680 | 30,712 | 241,392 | 179,888 | 13,650 | 193,538 |
| 2022 | 2021 | ||
|---|---|---|---|
| Number | Number | ||
| Foundation | activities | ||
| Employment | costs | 2022 | 2021 |
| E | E | ||
| Wages and | salaries | 142,570 | 125,393 |
| Socia I security costs | 11,258 | 8,512 | |
| Other pension costs | 1,427 | 635 | |
| 155,255 | 134,540 |
| The number | ofemplo | yees whose annual remuneration was E60,000or m |
ore were: | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Number | Number | ||||
| E60,000 - E70,000 | 1 | 1 | |||
| 12 | Tangible fixed assets | ||||
| Computers | |||||
| f | |||||
| Cost | |||||
| At 1September 2021 | 3,699 | ||||
| At 31August | 2022 | 3,699 | |||
| Depreciation | and impairment | ||||
| At 1September 2021 | 1,295 | ||||
| Depreciation | charged | in the year | 1,368 | ||
| At 31August | 2022 | 2,663 | |||
| Carrying amount | |||||
| At 31August | 2022 | 1,036 | |||
| At 31August | 2021 | 2,404 | |||
| 13 | Debtors | ||||
| 2022 | 2021 | ||||
| Amounts falling due |
within one year: | E | E | ||
| Prepayments | and accrued income | 166,148 | 9,674 | ||
| 14 | Creditors: amounts falling due within one year |
||||
| 2022 | 2021 | ||||
| E | E | ||||
| Other taxation and social security | 3,438 | 3,588 | |||
| Other creditors | 521 | 139 | |||
| Accruals | 18,600 | 13,950 | |||
| 22,559 | 17,677 |
| Movement | in funds | Movement | in funds | ||||
|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Balance at | |
| 1September | resources | expended | 1September | resources | expended | 31August 2022 | |
| 2020 | 2021 | ||||||
| LSA General | |||||||
| Fund | 112,000 | 625,000 | (522,846) | 214,154 | 879,400 | (843,911) | 249,643 |
| Mohn-Westlake | |||||||
| Foundation | 515,000 | (515,000) | 515,000 | (515,000) | |||
| Sky | 150,000 | 150,000 | 150,000 | ||||
| Marit Mohn | 48,750 | (48,750) | |||||
| Cunningham | |||||||
| Foundation | 200,000 | 200,000 | (200,000) | ||||
| 112,000 | 1,538,750 | (1,086,596) | 564,154 | 1,394,400 | (1,558,911) | 399,643 |
| 16 | Analysis ofnet assets between | funds | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
| f | f | f | f | f | f | ||
| Fund balances at 31 | |||||||
| August 2022 are | |||||||
| represented by: |
|||||||
| Tangible assets | 1,036 | 1,036 | 2,404 | 2,404 | |||
| Current assets/(revenue) | 429,203 | 399,643 | 828,846 | 438,687 | 564,154 | 1,002,841 | |
| 430,239 | 399,643 | 829,882 | 441,091 | 564,154 | 1,005,245 |
| 18 | Cash generated from operations |
Cash generated from operations |
Cash generated from operations |
2022 | 2021 | ||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| (Deficit)/surpus for |
the year | (175,363) | 613,363 | ||||
| Adjustments for: |
|||||||
| Investment income |
recognised | in statement | offinancial | activities | (160) | (73) | |
| Depreciation and impairment |
oftangible fixed assets | 1,368 | 1,002 | ||||
| Movements in working capital: |
|||||||
| (Increase)/decrease | in debtors | (156,474) | 1,183 | ||||
| Increase in creditors |
4,882 | 1,145 | |||||
| Cash (absorbed by)/generated | from operations | (325,747) | 616,620 | ||||
| 19 | Analysis ofchanges | in net funds | |||||
| The charity had no | debt during | the year. |