2022-03-31-accounts - The Mackintosh Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Reference	and administrative	and administrative	details
Trustees/Directors			Sir Cameron Mackintosh
			N D Allott OBE
			A P Constable
			A A Finch CBE
			N I M Mackintosh
			R FS Noble OBE
			F R Pappas
			BG Peerless
			T TE Schonberg
General Secretary			R T Knibb, ACA
Company	Secretary		R T Knibb, ACA
Registered	Office		1-2Bedford Square,	London, WC1B3RB
Company	Number.		2239812
Charity Registration		Number:	327751
Auditor			BDO LLP, Arcadia House,		Maritime	Walk, Ocean Village, Southampton,
			SO14 3TL
Solicitors			Charles Russell Speechlys		LLP, 5	Fleet Place, London,	EC4M 7RD
Bankers			National Westminster	Bank	pic, Covent Garden Branch,		London, WC2E 8NL
Investment	Advisor		AJ Hutton Limited, Third Floor, 20			Old Bailey, London,	EC4M 7AN

			Unrestricted	Endowment	Total	Totai
		Note	funds	funds	2022	2021
				E	E	5
Income and endowments	from:
Donations and legacies			13,678		13,678	39,204
Investments			56,881		56,881	60,605
Total income			70,559		70,559	99,809
Expenditure on:
Charitable expenditure		4	179,327		179,327	1,168,070
Total expenditure			179,327		179,327	1,168,070
Net expenditure and net
movement in funds before gains
on investments			(108,768)		(108,768)	(1,068,261)
Net gains on investments		8	554,387	140,000	694,387	1,014,209
Net incomel(expenditure)			445,619	140,000	585,619	(54,052)
Reconciliation offunds
Total funds brought forward			13,778,436	500,000	14,278,436	14,332,488
Total funds carried forward			14,224,055	640,000	14,864,055	14,278,436

			Note	2022	2021
				5
Cash (used in)/generated	by operating	activities	14	(450,430)	434,688
Cash flows from investing	activities
Interest income				573	6,055
Purchase of investments				(5,600,000)
Cash (used in)/generated	by investing	activities		(5,599,427)	6,055
(Decrease)/increase in cash	in the year			(6,049„857)	440,743
Cash at the beginning ofthe year				9,221,517	8,780,774
Total cash at the end ofthe	year			3,171,660	9,221,517

3	Investment	income
									2022 E	2021f
	Bank interest								573	6,055
	Amounts received from		UK investment				property		58,308	54,550
									58,881	60,605
4	Charitable expenditure
									2022 6	2021f
	Analysis of	expenditure			on charitable		activities
	Donations to	institutions							137,813	1,106,918
	Exchange difference on foreign					currency donations				(8,171)
	Support and	governance		costs (note 5)					41,514	69,323
									179,327	1,166,070
	The number	of donations			during	the year awarded		to institutions	was 22 (2021 —23). No	donations were
	awarded to individuals		(2021 —nil).
									2022	2021
										5
	Donations by type of		activity
	Children and	Education							72,909
	Community Projects								5,000	16,300
	The Homeless									31,692
	Medical								6,700	87,494
	Theatre and	the Performing			Arts				53,204	971,432
	Exchange difference on foreign					currency amounts				(8,171)
									137,813	1,098,747

Donations during the year gre	ater and	equal to 65,000were as follows:
			2022
Donation recipient
War Child Acting for Others			50,000 13,203
Roundhouse Trust			11,000
Bristol Old Vic Theatre Musicians' Union Coronavirus Hardship Fund NHS Charities Together (Captain Tom Moore's C19Fund) Caedmon Company, The West Virginia University Foundation - Doris Nicholas Scholarship			10,000 5,351 5,351 5,300 5,163
Collateral Global Page One Project, The Sullivan's Heroes Writers' Guild ofGreat Britain			5,000 5,000 5,000 5,000
Total			125,366

	2022	2021
	6
Legal and administration fees Auditor's remuneration —audit services Other costs Donated services and facilities	15,391 12,600 23 13,500	16,553 12,600 1,170 39,000
	41,514	69,323

Creditors	: amounts falling due within one year
		2022	2021
			6
Other creditors			1
Accruals		12,600	15,152
Donation	commitments	262,000	337,541
		274,600	352,694

Creditors	: amounts falling due in more than one	year
		2022	2021
			8
Donation	commitments	24,000	287,000
Other creditors		50,883	50,678
		74,883	337,678

	Movement in recognised provision	an	d funding commitments during the year
				Donation
				commitments
				E
	Donation commitments recognised	at 1 April 2021		624,541
	Donations paid during the year			(336,541)
	Donations cancelled in year			(2,000)
	Amount ofdonation commitments	recognised as at 31 March 2022		288,000
	There are no performance conditions		attached tothese donations.
11	Expendable Endowment Funds
	Market value offund at beginning	ofyear		500,000
	Increase in market value in year			140,000
	Market value offund at end ofyear
12	Foundation Funds

					Unrestricted	Endowment	Total
				Note	funds	funds	2021
					E	E	E
Income and endowments		from:
Donations and legacies					39,204		39,204
Investments					60,605		60,605
Total income					99,809		99,809
Expenditure on:
Charitable expenditure				4	1,168,070		1,168,070
Total expenditure					1,168,070		1,168,070
Net (expenditure)	and net	movement	in
funds before gains and losses on
investments					(1,068,261)		(1,068,261)
Net gains on investments					964,209	50,000	1,014,209
Net (losses)fincome					(104,052)	50,000	(54,052)
Transfers between	funds
Net movement in	funds				(104,052)	50,000	(54,052)
Reconciliation of	funds
Total funds brought	forward				13,882,488	450,000	14,332,488
Total funds carried forward					13,778,436	500,000	14,278,436