Charity number: 326898 .. THE BORIS KARLOFF CHARITABLE FOUNDATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEIIIENTS FOR THE YEAR ENDED 5 APRIL 2021 THE BORIS KARLOFF CHARITABLE FOUNDATION CONTENTS Pag Roference and admlnlstratlv• detalls ol the Charlty. Its Trn$t¢es and advlsorn Tru6teos' raport Indopfrnthnt examine￿* rnport 81atement of flnanclal acthiltles Balanc• sheet Notes to the financlal statements 9-17 THE BORIS KPJILOFF CHARITABLE FOUNDATION REFERENCE AND ADMINISTrATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2021 J Fairdough O M Lewis C Fairdough Charity reglst•rod number 328898 Prlnclpal 0ffl¢o 2 Putney Hill Lwd(Kt SW156AB Independont examln•r MHA MacIni￿8 Hudson Chartered Accountants 2 L¢)ndon Wall Place London EC2Y SAU Bankors Coutts & Co 440 Strand London WC2R CQS 80licilor¥ RussdkCcok8 LLP 2 Puthey Hill London SW15 6AB Invo8kn?nt Managor Investec Wealth & Inve5tm8nl Limited 1Crt) Wood Street London EC2V 7AN THE BORIS KARLOFF CHARITABLE FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 5 APRIL 2021 The TNsle8s present their annual repjt together with the financ4al 5tatemonts of the Chaiity for the ypar 6 Poril 2020 to 5 AprS12021. The Trustees have adopt¢d the provislons of th8 Ststoment of Recommended Practlce {SORPI 'AcCoun￿ng and Reporting by Charities" {FRS 102} in pr8paring the annual rewt and financial statements of the Charity. Objoctlvu and a¢tlvi1105 •. polici￿ and •bJoth$ The princapal object and purpose of the Charfty. as per Its governing document, is for the benefrt of such exdusively ¢haritable objects and purp)ses a8 the Trustees in their absollrte dis¢retion think fiL The Trustees are empowervd to pay or appty income and capital of tho Charlty for the b8n8fft of such charitable objects 88 the Truste9$ d￿ld¢. b. fvAlvltl•$ undwtak•n to achlèvo obJ•ctlv•$ and to furihor thg Charitys purwM• for the publk bongfit The main activities undertaken In relatlon to the wrposes of Ihe Charity. as per its goveming d￿￿Trt. are as The Charfty wovides grants to oth6r charilable Organisat￿n$ wilh particular empha8is on those connected with the performing arts and the ￿￿tion of crlckel. The perf(￿ing arts support the well-beiw of citizens. Stat•m?nt on publlG bon•fft In setting objectives and plannlng for current and fuiure actNlbes, the Tnjstees have given due consideralFon to general guidance published by the Charity Cornmisslon relating to wblic benefi( induding the guidance 'Publi¢ benefiL' running a charity (PB2>'. THE BORIS KARLOFF CHARrrABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021 Achlevements and porfornian¢o . Rovi•w of actfvltles and achlev•m•nts The Charfty ret￿1Vod a considerable numbor of requests for donatM$ and grants which have all been c*refulty considored by the TTUSt8es, bu( in vl8w of the Income of the Charity, supwrt has been restricted to those Charities as set out in Note 5 of Ihese a¢counts. A substsntial proportson of grants made are related lo the perfonning arts. The grants that the Charity gave enabled p8rfoTming arts organisaticns to extend their projects to benefit more participants aTrJ in some cases to benefrt the wider publlc. Grants wore given to indNtdual drama students from disadvantsged background5 who were selected by th8ir cdleges. Money was given to theatre projects to subsidi3e seat PTKes to r8ach th￿0 who seldom havo the opportunity to vi3it a pwFomiing arts venue. Money vms also gwen to small theatre Companies to enatde them to run projects in school$ to bring an appreciation of Ihe perfoming arts to yDung people. Other courses gave disabled a¢tors a chance to perfomi. and supwrted filmmakers in in$titutNJn$ such as Prisons. Writgrs, composers, actors. d1￿CtorS, singers and tethnicians in the theatre wore all supported at a time when public money for the performing arts ts severely limited. Normalty, the majority of the grants made by th& Charity arg awaTded and senl out in April following the AGM. Because of Cowd and proposed projects ￿1￿9 dependant on theatresIsd￿S being open. Ihe Charitywrote to all the grant benéficiaries tdling thern Ihe Charity had looked favourably on their applicath?n but the Charity woukj not bo releasing the grant untl tt)& Chaiity had Lx)nffirmatlon that the proposed proj6ct that the Chartty was Supporting was able to go ahead. When the Charity was satisfied the project was going to take place or had been adapted to worlt or￿ine, th& Chaiity reloa¥gd the grant. b. Inv•stmont polky and pgrfornianco The Trustees have verywide rangirvJ investsnent Fthvers under th6 Trust deed. The Twstees have appointed Investec Wealth & Investment Llmited to act as fvnd manager on thelr behalf. Inveslment Managers hold the fund on an advisory basis. The Trustees monitor investment perfoman¢e. Finan¢ial roviow . Going concern The Trustees have reasonable 8xpedation that the Ch￿lty has adequate resources to ¢thinuè Its operalonal actiwty not withstanding Covi&19: . The Chaiity is not reliant on fundraisirKJ and is not in need of Govemment finandal support: . The Charity has no so is not making safeguarding provisions and l or ￿d￿ndancI@s. . The Charity relies on divhjends to make grants and thege are anticipated to be lower.. . The Charity has not made any ¢ommitments it cannot fvlfil.. . The Charity advised prospecbvo grant benefi¢Trariès that 2021 applications were guccessfijl subiect to confjmi8tion that projects were proceedww nolwitstanding CovKI-19. The Tnth8 malntaln this under curront reww. . The Ch8rfty provides g￿ts prrmarily to the perfom)ing arts. If Covi&19 curtails these activilies the Trustees have the wldest powers to benefft charitable objects. Further detsils r8gardin9 the 8dopts.on ofthe goiThJ concem basis can be found in the aC￿￿￿ting policie& THE BORIS KAJILOFF CfrIARITABLE FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2021 b. Finan¢lal rovlow During the year the Charlty receiv￿￿ tolal inc0rn8 of £62,130 {2020- £86.463). The majority of this came frc* the Charitys income from investments which totaled £61,896 (2020- £83.17Q). The remainder of the in¢ome camg from Bank Interest ro¢aivable of £20 {2020- £871 and Royalty income of £21412020- £3.206 Total expenditure for Ihe year was £84,328 (2020- £87,800). Of this the Charlty provided Grants to institsjtions totding £63,220 {2020- £66.1501- Details of the grant recipients Gan be found in Note 5. Investment management costs totaw £14.347 (2020- £14,6561 whilst other sUpp￿rt ca)sts totaled £6,761 {2020- £6.9941. A breakdown of these ¢￿ts can bo seen in the Statement of Fina￿la1 Activities. The not expen(tsture for sFar b8fore inv6strnent gains and Ios8es was £22,198 {2020- net expeNliture £1,337). During the year the Charws invostments rgcorded a revaluation gain of £733.84712020- loss of £424.176> rgsulung in an overall net incixn8 after invpsknent gaM)s and losses of £711,64912020- net expenditure of £425.5131. Roserve$ poliGy The Chanty is a grant making Charity and its income generating assets a￿ held as investments and cash deposits. The Twstee$ apF4y the income dertved to giving grants lo tharitawe bodies. It is the Trustees, policy to ulilise all ir¢come arising, although in any glven year a surplus or deficit may arise. the size of any surplus deficit will vary according to the timing of grant payynents. The Trustees will alway% retain in the Coutts account sufficient r￿rVeS to covèr any 8XP8n8es for the folFowÈno ￿ar. During the current year the expendilure tota118d £84,328. The cash held in Iho Coutls a¢(a)uni as al the year-gnd wa5 £86,888 and is therefore con5bJered to be in the appropriato raNJo. The General fund has bgen establishod to reciyJnise all income and exF￿ndItUre in respect of activitigs undertaken by the Charity outside the Endowmenl fund. At the year end. thg b￿anCe held in this fvnd amounted 10 £69,08112020- £76.932). The Endcfjvmènt fund is expendable in nature, and cxjnsldered to consist of the value of the Investments. induding th8 capilal bank accounL Where necessary funds are transferred to the Unrestricted fund to support the grant givirKJ. At the ￿ar ¢rKI. the balance held Èn the endowment fvnd amounted to £3.204,17712020- £2.484.677). structuro. govemanc• and managemont a. Conslltutlon A Deed of Setttthnont dated 18 June 1985 establish8d this Charita￿t Trust. On l June 1993 E Karfoff dlad under the tems of her W￿1. the residue of her estate was bequeathed to the Tfustees. The Charity is reglstered wlth the Chaiity ComnM8sion (Charity reglslralron number 326898) in En￿nd and Wales. The Deed empowers the Trustees to retain the cawtal and pay or'appw the income. However tt also allows the Trustees the opts'on of spendlng Ihe wholo or such part or parts of Ihe capitsl ofthe TnJst Fund as tha Tntst888 in their absolute discreknon thlnk f￿. b. Molhods of appolntment or ele¢llon of Trusto0$ The management of the FoLmdaIic￿ is the responsibility of the Trustees who are elected and CO￿pIed under the tern￿ of the TN8t deed. The Power of appointing new Trustees is vested in the TnJsteo8. THE BORIS KARLOFF CHARITABLE FOUNDATION TRU8TEES' REPORT ICONTINUEDI FOR THE YEAR ENDED S APRIL 2021 Structure. gowmanco and manag¢ment (Gontinuod) Financial rD8k manag•m•nt The Trustees have assessed the major rl$ks to which the Charity is exposed. in particular Ihose related to the operatlons and finances of the Chartty. and are salisfied that s>stems and procedures are in place to mitigate exF*)sure to the Ma1￿ rigks. Approved by order of the membefs of the tx)ard of Trustees and slgned on thdr behalf by. Trustee THE BORIS KARLOFF CHAiirrABLE FOUNDATION:.. INDEPENDENT EXAMINEifs REPORT FOR THE YEAR ENDED 5 APRIL 2021 Independent •xamln•ff• report to the Tru$t¢es olThe Borl8 Karloff Charftabh Foundatlon (Ihe Charlty. I reFKrt to th8 charity Tru8t808 on my 8X8rr￿nation of the accounts of the Charlty for Ihe year ended S Arxil 2021. whl¢h are 8et out on pag8s 7 to 17. Responslbllltlos and bas1& of report As the Trustees of the Charity you are resp)nsible ts the preparation of Ihe accounts in awrdance with the requirements of the Chadties Ad 2011 (Ihe 2011 Acl.). I report in respect of my examinatkffl of the Charity$ accounts carrièd out undor se¢llon 145 of the 2011 Aca and in caryng cth my 6xaMinatic￿ I have followed Ihe appllcable Dlrections given by the Charlty Commission under section 14q5)Ib) of the 2011 Act. Independent examlMrf$ 8tatom¢ Youf attention is dravm to the fact that th8 Chaiity has prepared the accounts in accordanc* with Accounung and Reporting by Charities: Ststsmenl of Recommended Practloe ap￿Icable to tharities Pfeparing their accounts in acc¢Ndance with the Fin8ncTral ReFM)rting Standard applicable in the UK and Republi¢ of Ireland IFRS 102) in preference to the AccountirvJ and Rewrting by charl￿$. Statement of Recommended Practice ued on 1 April 2005 vthich is referred to in the exlant regulatrons but has been witfvjrawn. l U￿lersta￿￿ that this has been done in ordei for the accounts to provid& a true and fair vlew in accordanc8 wth the Gener￿lyAt￿ptad Ac matters have come to my att￿tIon in CL￿neCtIon with the examination gtving me cause lo bell8ve that in any material respe(* a(wuntlng records were not kept In respect of the Chawlty as required by se¢tion 130 of the 2011 Act or the accounts do not acc4)rd wilh those records; or the accounts do not comply with the applicable requirements c￿n(￿mIr￿j the fomi and ￿ntent of aci>)unts set out in the Charitigs (Acwunts and Reports) Regulations 2(X18 other than any requiTrment that the accounts give a Ifue a￿1 faif view which is not a rnatter ¢onsidered as part of an Sndep8ndent exarninati￿. I have no concerns and have come au088 no other mattern in (¥)Mectirm wilh the examinalion to whlch attent￿ should be drnwn In this repcrft kn order to enabl8 a proper undernIandl￿ of the accounts to be rearthed. Signed: Dated: 1310812021 Stuart McKay Bsc FCA DChA MHA MaclntyTr Hudson, Chartered Accounlants. 6th Floor, 2 Londw Wall Place, EC2Y SAU THE 80R18 KARLOFF CHARrrABLE FOUNDATION,. STATEMEKf OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 5 APRIL 2021 Unrestrlcttrd Endowmènt funds funds 2021 2021 Total funds 2021 funds 2020 Incomo from: Dividends a￿1 interesi from investments Bank interest receivab Royallies recelvable 61.896 61,896 83,170 87 214 214 Total Incomg Expendlture on: Grants to instittrtw Legal and profossional fo0$ Bank charges Independ8nl examlna Ac¢ounlancy fees Other axpenses Investment management cx)sts 62,130 62.130 86,463 63,220 3,113 515 63,220 3,113 515 66,150 1,867 531 3.696 325 325 14,347 14.347 14,656 Total expendllure 69,981 14347 84,328 87. Nèt Oxpondlturè bofor• net galn#l(Iogs¢o} on Invostments (7￿51) I14￿4n 733￿7 122.198) 733,847 (1,337) (424,176) Net gainsll10550s) on investrnents Oth•r Y•¢ogni••d galm: Net mov0m0￿ In fun Reconclllatlon of fund•: {7,851) 719.500 711.649 (425,513) T¢)tal funds brought foThvard 76,932 2M84,67T 2,561,e09 2,987.122 Not movement in furKIs (7.851) 719,5110 711,649 (425,513) Total funds carrl•d foThvard 69,081 3,204.177 3,273,258 2,561.609 The Statemènt of financial aclivtlles indudos all gain5 and h)ssas recognised in Ihe year. In the prior year investment manag6ment costs of £14,656 vrnre allocated to the Endowment funds. All other income arKI expendilure rec¥)gnlsed in the ypar was 4located to l from Unrestrict&J funds. The note8 on pages 9- 17 fomi part of these financial staterngnts. THE BORIS KARLOFF CHARrfABLE FOUNDATION BALANCE SHEET AS AT 5 APRIL 2021 2020 Flxed a$￿ts nvestments 3.117,862 2,417,802 3,117,862 2.417,802 Curront assots Debtors Cash at bank and In hand 10.525 173.803 14,732 134,453 184.328 149,185 Creditors: am(MJnts falllng within one (28.932) (5,378) Net ￿rrent assots 155.396 143,807 Total net assets 3,273,25B 2,561,609 Charity fvnd• Endowment fund8 UnRstiicted funds $204.177 69,081 2,484,677 76.932 Total funds 3,273,258 2.561,609 The financial statements were aFprov6d and auttrvNised for18sue by tha Twstees and slgned on thelr bghalf by. ewi¥ Trustee Tha rK)tes on pages 9 10 17 fomi pert of these finandal statements. ThE BOR18 KARLOFF CHAiufABLE FOUNDATION. . NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 Gen•rnl Infomiallon Borls Kerfoff Charitable Foundation Is a registered charitable Tnffjt {cha￿ty registered number 3268981 with the Char5ty Commkssion in England and Wales. The address of the registered office Is given In the Foundation Info￿ation on page 1 of th8se financial statements. The na￿re of the FoUnda￿on operdon$ and prlncipal activity is for the benefrt of such exdusivoly charitable obj'ects and purposes as the Trnstees in thelr absolute di8cretion think fjL Accountlng poliGies 2.1 B•$h of preparatlon of ftnanclal *tat¢m•nts The financlal statements have been prepared in accordance ￿th the Chaiities SORP (FRS 102) - Acuunting and Reporting by Chaiities: Statement of Recommended Practice applicable to tharitles pr8paring their acctsunts In accordance wlth the Finanoal Reporting Standard applicable in the UK and Republ￿ of Ireland (FRS 102), the Finanaal Rep(¥ting Standard applicable in the UK and Republic of Ireland {FRS 102} •Yl tho Charlt*s Act 2011. The ffinanclal statements havo been prepared to gNe a Yrue and faiff view and have departed from the Charities (Accounts and Rerrtyts) Regulations 2CA)8 On￿ to Ihe exlent required to provide a true and faiv wew. This departure has in¥L4ved following the Charities SORP {FRS 1021 published in O¢tober 2019 rather than Ihe Accounling and Reportirwj by Charities: Statement of Reo)mmended Practice effective from 1 April 2005 which has since been withdrawn. The Boris Kartoff Charitable Foundation meets the deffinIti¢￿ of a public b8nefrt entity urbder FRS 102. Assets and liabilities are initially rec¢>3nised at historl¢al cogt or transaction valuo unless otherwise st8ted In the relevant atcounting Fdicy. The financlal statsments are prepar￿1 in pounds sterfing whlch is both the ftjnctional and presenta1*￿81 all￿nCY of th8 Foundation and are roundod to the nearest pound sterfing. The signfficant a¢D)unting prAIGi8S applled in the preparalion of those Ilnandal staiements are set OLrt below. These poli¢ies have been consistenlly opplied to all swrs presented unles$ otheNA8e staled. 22 Golng concern Th6 financial statements have been prepared on a wing wicem basls as th6 Trustees believe thal no material uncertainties exlst. Indudlng (x)nsKlering the impact of Covi&19. The Trustees have considered th8 level of funds held and the expected level of ir￿orne and expenditure for 12 months from authorising these financial st*8ments. The budgeted Incom8 and expendilure is sufficient with the level of reserves for the Foundation to be able to conlnu& as a golng conGem. 2.3 InGom• AJI income is recognised once the Charfty has emttlement to the income, it is probable Ihat the income wlll be received and the amcwnt of inwne receNable can be measureAJ reliably. Income tax recoverable In f*t1￿ to inwtment Intt*me 18 twjgnised at the time the investrrwit income is receivable. THE BORIS KARLOFF CHMirrABLE FOUNDATION. ..,. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 Accounting Polici￿ (contlnuedl 2A Expendlture EX￿dIt￿re is recognised once there is a legal or 0)nsIructi￿ obligatton lo trnnsfer economic benefit to a Ihifd party, tt is Fyobable th* a transfer of economic beneffts will be requlred In setttement and the amount of the obligallon can be measured reliabty. There were no staff costs incurred in either period. Grants payabie are tharged in the year when th8 offer is made ex￿pt in those cases where the offer is o)nditÉonal. suth grants b8ing recognised as expenditure when the conditlons attachirvj are lfilled. Grants offered subject to condibons whlch have not been met at the end are noted as o)mmitment. but not accmA as expenditu￿. AJI eXpend￿lre is indusive of irrecoveratde VAT. 2.5 Inveslments Fixed asset inestments are a fonn of basic financial instrument and are initialty reccMJnised at their transaction cost and wbsequenlly continuously measured at fair value using Ihe dosing quoted market prfce at the Balance Sheet date using the mark lo market basis of valuation. Al gains and losses are tsken to the Statement of Finanual ActP41ties as they arfse. The Ststemont of Financial Actsvlties indudes the net galns and losses arising on revaluatiorts and dlsposals throughout Iho year. As tiivestments are revalued to fair value continuously, no fealised galn$ or Icwes ari¥e. The Foundation does not aqu1￿ ot hokfj put optNy)s. dedvalves, or other ￿MpleX finan¢lal instruments. 2.6 Debtorn Trede and deblor8 arè re¢ogniged at Ihe 38ttlement amount after any trade dl¥¢ount offèrnd. Prep8￿M￿ts a￿ vaiued al the arrthnt prepakl net of8ny trade discounts due. 2.7 ¢￿h at bank and In hand Cash at bank aThJ in hand indudes cash and short-term highly liquwj Investments th a sh(wt malurlty of three months or le88 from the date of aCqU￿tion or opening of the deposlt or slmllar accounL THE BORIS KARLOFF CH*RrrABLE FOUNDATION 4. ,. . NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 AcGounllng polkle# (conllnued) 2.8 Llabllltles and provlslons Liabilities are re¢ognlsed when there Is an obligatir)n at the Balance sheet date as a result of 8 past evenL it is pyobable that a transfer of economic benefft wll be requlred in seluement, and the amount of the setuemant Can b& e8t4mated reliat4y. Liabllfties are recognised at the amount that the Charity anti¢ipates it wll pay to setlle debt or the amount it has received as *Jv8nced pa￿￿￿ts for the go￿$ or servic85 It musl provide. Prov]sSons are measured at the best 88￿mate of the amounts required to settle the obligatlon. Where the effed of the ￿rne value of money Is material. the provlskm is basod on the pre8ent value ofthose amounts, di8¢ounted al the pr&tax dlscounl ratg Ihal reflects the fi$ks specific to the liaimlity. The unwinding oftha disL￿nI Is rewnlsed in the Ststernent of financial g¢tÉvities as a finance cost. 2.9 Flnan¢l•l In*trum•nt8 The Charlty only holds baslc finandal in8trum8nts. The t]￿¢1￿ assets and financial IlabNities of the Charity are as follows: Debtors - sundry debtors and accrued income are ba￿C finandal Instwments and are debt instruments measured at amortised cosl as delailod in Note 7. Prepayments are not financial Instrumen Cash at bank-18 classified as a ba8lc financial irtstrument and is me8sur•J at face value. U8blllde8 - arxyuals and other credlioTr are dasslfted as financlal Inslruments aThJ are measured at amcrftysed cost as detailed ￿ Note 8. 2.10 Fund a¢countlng General funds arg Unrèstrict￿ fiJnds which are 8valablo for use at the discrntion of th• Trustee$ furtherance of the general objectlves of the Charity arKI vthith have not l)een deslgnated for other purposes. Expendable Endo￿nent funds represent Ihose assets whith must be held pemian8ntly by the Foundalon but can be applied on charilable activities at the discretion of th& Tnjstees. Inwme arislng on the enthywmenl funds ¢an ￿ Us￿1 in accordan￿ with the Obi￿ts of the Foundatlon and is included in Unrestri￿ incomo. Investment management costs are deducted dir• 1￿M the end(Avment fund. Investment incom8, galns and k>sses are alb¢atod to th8 approprlate fund. THE 80RIS KARLOFF CHARrfABLE FOUNDATION . :: ' NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 Ind0pondent examlnefs rwnunoration 2021 2020 Fees payable to the Charity8 independent examiner for the independent examinatiC￿ of the Charitys annual accounts Over-acaual dthe prior yvar examlnation fees 3,732 (9241 3.696 Trusta•s' r•mun0rallI￿ and expen808 During the year. no Trustees. who ¢￿￿ph$e all Key Management Personnel of tho Foundalion. neither received or walved any remuneratlon or olher benefits {2020- £NIL). t￿ring the year ended 5 April 2021. 1 Trustee was reithTred expenses of£76 for trav818nd subsistence12020- £Nil)- THE BORIS KARLOFF CHARrrABLE FOUNDATION, ' :;:.. . :. .: . NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 Grants to Institullons 2021 2020 Allve and Kicklng Theatre meida Theatre Anlali Ardent Theatre C(Mnpany Armonlco Consort Arundel Castle Cricket Ft￿ndat￿In Barbican Centre TNSt Bimingham Omlston Academy 8ox Clever The8tre Box of Tricks Theatre Company British Youth MUS￿ Centre Bush Theatre Cambridge Theatre Trusl Carousel Chicken5hed T￿￿tr9 rcu5 Star Clty of London Sinfonio The Core at Corby Cube Curry (Cury Cube Theatre Tntst) Create 1,000 1,000 1,000 1,OlXI 2.OlXI Edinburgh Intemational FestNal Gabrieli Theatre GreenwiGhl Lewi$ham Young Pe￿'S Theatre Half Moon Young Peoes Theatre Hlgh Tide lrfs Theatre CoTrwany Krw Kat Theatre Thg London Acadffny of Music and Dramatic Art ILAMDA> London Sinfonietta The Lowry Centre Twst National Youth Theatre The Nudeo Project Oldham Coliseum Theatre PapaTango Theatre CThnpany 500 1,1)00 1,1)00 6.000 1.000 1,000 1,500 31,INX) 32.430 THE BOMS KARLOFF CHARITABLE FOUNDATION ', NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 5 APRIL 2021 Grnnts to Inglltutlon$ (¢*)ntlnued) 2020 Su1￿1 brought fonvard The P&rfO￿1ng Arts Childrens Charity Philhamonia Orchestra Pl8asance London Youth Theatre RADA (The Boris Karloff Stholarship Fund) The Royal Hawnarkel Masterclass Trust Scone and Heard SOHO Theatre Sound and Muslc ScMJthwark Pla>thouse Sudden PrL*Juctions Theatre Troupe Tobacco Theatre Unic¥Jm Theatre Wellingborough Schoot Foundation Wibton's Music Hall Trust Tha Yard Theatre Ltd Tho Young Vic Company Young Urban Arts FOU￿latiOn Yvonne Arnaud Th8atre Management Ltd 31.000 32,430 1,000 6.000 1,500 2,000 1,000 1.500 1,000 1,620 1,620 1,OlXI 11600 12,600 1,000 66,150 THE BORIS KARLOFF CHARITABLÉ FOUNDATION.:" ::' , ;.: , :. :.. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 Flxed a88et Investments Investments Cost or valuatlon At 6 Apdl 2020 Additions sposal¥ Revaluations 2A17W2 234,224 1268.011) 733,e47 At 5 Aprll 2021 3.117,862 Not book valuo At 5 Aprfl 2021 3.117,862 At 5 Apnl 2020 Z417,802 The fair value of listed investments is detem)in¢d by referenc* to Ihe quoted price for idontical assets in an active market at the balance sheet date. Induded withln Cash at Bank aNI In Hand is the ca￿1￿ Cash account of£89,915 (2020- £66,875). 2020 Due wlthln ono y•ar Prepayments aThJ accrued income 10.525 14,732 10,525 14,732 Credltors: Amounts faulng due wlthln on• y￿r 2021 2020 Accruals Grants accrued 7.332 21,600 5,378 28,932 5.378 THE BORIS KARLOFF CHARIT￿LE FOUNDATION ,... NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 8tstemont ot funds 8tatsment of fund•- currenl year Balance al 6 Aprll 2020 Galnsl Balanc• at S (Lossosl Awil 2021 Inconw Expendlture Unrn•trictod funds Genrt fvnds 76.932 62,130 169,981) 69,081 EndoThnt funds Exp8ndatAe Endthvment lund 2.484.677 (14347) 733047 3,2041TI Total of fund• 2.561,609 61130 (84328 733.847 3.273.258 ststemont of fvnds. prlor yoar Bal8nGg al I Wil 2019 Transfers I￿0 GainFJ Balance al (Losses) 5 Aprfl 2020 Income Expenditure nds General fvnd$ 71,991 8&463 (73, 144) (8,378) 76,932 Endowmont funds Expèndable Endovfflient fund 2.91&131 (14.656) 8,378 (424.176) 2.484,677 Total of fund• 2.987.122 86,463 (87,800) (424, 176) 2,561,fA)9 The General fund has been established to retognlse all in(¥Mne and expenditure In respect of aCtI￿e8 urHJertaken by the Charity oulslde the End(Y4vment fijnd. The Endowment fund is expend8bl& in naty￿. and is considered to consist of th8 value of the Investments. induding the capital bank account. Where ne￿ry funds aro transferred to the unrestricted fund to suppcrt the grant giving. THE BORIS KARLOFF CHARrrABLE FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 10. Analysls of net assots htwgon funds Analy¥ls of not a$8ets bet￿n fund8- ¢urrent year Unrestrict•d Endowmènt fvnds funds 2021 Total fvnds 2021 Fixed asset investments Current assets Creditors due within ono ￿ar 3,117,862 89.915 {3.600> 3,117,862 184,328 {28,932) 94.413 (25,332> Total 69.081 3.204,177 3,273258 Analysls of nel a*sets bolwoon funds . prtor year Unrestsicted Endowment funds funds 2020 2020 Total funds 2020 Fixed asset investments Current assets CreditOTS due within one year 2.417,802 66,875 2,417.802 149. 185 (5.378) 82,310 (5.378) Total 76.932 2.484.677 2.561.609 11. Related paty tran•aclion• C>thèr than Trusts8 and Key Management Personnel transaCt￿S detaled In Note 4, there were no related paty transactions during the period12020- None).