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|Trustees|David Heyman||||
|---|---|---|---|---|
||Eric Fellner||||
||William<br>Kennard||(Appointed|7June 2022)|
||Nishy<br>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<br>Kingdom||||
|Bankers|Coutts &Co||||
||440 Strand||||
||Charing Cross||||
||London||||
||WC2R OQS||||
|Solicitors|Harbottle 5 Lewis LLP||||
||7Savoy Court||||
||London||||
||WC2R OEX||||





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||||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|





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||||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<br>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<br>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|





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|||||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<br>funds|||||430,239||441,091|
||||||829,882||1,005,245|





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||||2022||2021||
|---|---|---|---|---|---|---|
|||Notes|||f||
|Cash flows from operating<br>activities|||||||
|Cash (absorbed<br>by)/generated<br>from operations||18||(325,747)||616,620|
|Investing activities|||||||
|Purchase oftangible<br>fixed assets|||||(2,417)||
|Investment<br>income received|||160||73||
|Net cash generated<br>from/(used<br>in) investing|||||||
|activities||||160||(2,344)|
|Net cash used in financing activities|||||||
|Net (decrease)/increase<br>in cash and cash equivalents||||(325,587)||614,276|
|Cash and cash equivalents<br>at beginning|ofyear|||1,010,844||396,568|
|Cash and cash equivalents<br>at end ofyear||||685,257||1,010,844|





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|||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|





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|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|





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|||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<br>by fund||||
|Unrestricted<br>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|





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|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<br>between||||||||
||Charitable<br>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|





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||The number|ofemplo|yees<br>whose annual<br>remuneration<br>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<br>falling due||within one year:|E|E|
||Prepayments|and accrued income||166,148|9,674|
|14|Creditors: amounts<br>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|





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|||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<br>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|





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|18|Cash generated<br>from operations|Cash generated<br>from operations|Cash generated<br>from operations|||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||f|f|
||(Deficit)/surpus<br>for|the year||||(175,363)|613,363|
||Adjustments<br>for:|||||||
||Investment<br>income|recognised|in statement|offinancial|activities|(160)|(73)|
||Depreciation<br>and impairment||oftangible fixed assets|||1,368|1,002|
||Movements<br>in working capital:|||||||
||(Increase)/decrease|in debtors||||(156,474)|1,183|
||Increase<br>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.|||||