THE POETrY SCHOOL
(COhlPANY NO. 034348491
I¢HARITY NO. 10893141
F114ANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 IAARCH 2023
Smtth
Noman House
8 Burnell Road
Sutton
Surrey
SM14BW
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*AC)F860P*
2911212Q23
COMPANIES HOUSÉ
Alo
#112

THE p0￿Ry SCHOOL
FINANCIAL STATEMEMTS
FOR THE YEAR ENDED 31 MARCH 2023
col￿ENTs
Pages
Chairfs Rep(rft
Trustees. Annual Rep¢xt
10-12
Inder*ndeni Auditors, Report
13
Stai•ment ol Finanua Ac*vities
14
Balance Sheel
15
Cash Flow Slatement
16-23
Notes to the Finwcial Statemenls

THE POETRY SCHOOL
CHAIR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The vision of Mirni Khalavali. Jane Duran and Pascale Pelit INes on with the 26th suc￿S￿lI ytrar of
high quality teathing prograrnrnes for adults ￿ develop thpir ￿￿try. Whether thè studènt is a
beginner to writing poetry or one wth subsianir¥e experience embarkn.ng on w MA. The Poetry
S¢hool prOV￿eS the environmènt lor students to makè poètry happen.
The transth'on post COVID eonb.nues successluly for its secoNI year and the School has successfuly
operated its second year in the fiexible working environment al Sornersel House reduang overheads
and carbon footprint in Ihe wocess. Through the hard work of staff, tulors. students and trustees, plus
the support of ACE and other frieTrJs. The Poetry Sch(￿ cOntin￿d to provide 1CA)s of courses or
workshops to a diverse, eclectic and ta*nled student body whKh make Ihe school such a vibrant
place. Operating across 1he UK with ifvpetson classes from Exetei to Manchestèr tts Lee¢Js, the
School engages with its cThNnunities of c¥e•twe pwlitiMers t•)th I￿persOn and online in the UK and
globally.
In the report provKled tse1￿ ExeuJtNe Direckn Satty Carruthers oulftres the work that 1he school has
undertaken and shows how the school has adapte(l and even thrived durirwJ these drfficuft times.
when a successfvl appeal wa5 fought lo reinstate the Srhjol as one of the Arts Council Eryland
National P¢)rtfolio Organisalions, the legal sisje succè55fulty led by COO Jon Sharpks.
The School has sustained its partnerships IAJring tlws challengiThJ time the Pnzes continued to run
very SLKCeSsfvl￿ with wrtual ceremonies Two partthar partnerships which deserye Speci
reco9niiion are the 6th year of Ginkgo Prize. the wtsrfd's largest prrie for ecopoetry wth the Summer
2023 ceremony F4anned at the South Bank Centre as part ol Poetry Inlernational and the sustained
expansion of Poei Lauréate Simon Amirtage's Laurd Prize tnto rts 41h year.
Board stabilty is a key facet of the Schoof$ success aThJ onty one mémbèr - Andrew Hewi5h -
stepped down this year havirg" served the School for 6 year5. Enprmws Ihanks to all iTrJividua15 for
their tird•ss work over the past of years.
The School remains robust financialty despite the challenging ecorrfjrnic condjts.tsns we all face today
and the ofganisatK)nal risk rating from ACE conts"nue$ to be 'Minorf, for which the S¢hool shouhl b•
PfOU(J. ACE has judged the orgranisation 'Strong' in all aspect5 arNJ sustained gentle expan510n books
promising both in the UK and beyond in the comirvJ year.The rth aThJ diverse creative programme is
second to none, the financial bas is solid wilh appropriate reserves being maintained and the future
looks posrtive as the School enters it5 26th year.
14
Richard Forsdyke
CHAIR OF THE BOARO OF TRUSTREES
27 December 2023

THE POETRY SCHOOL
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 IIARCH 2023
The TrLBtees presenl their rerthl for the year ended 31 March 2023.
Refere￿¢ and Adrninistrativè D•Liils
TRUSTEES
Richard Forsdyk•
Hèlen Taylor
Mona Arshi Ifesigned 30 August 2023)
L¥tiya Nanlon
Deni￿ Saul
Cathefine Birch
Jonathan Teyssandier
Hannah Etim-Gorst {appointed 5 Sept•rnb•r 2023)
Jonathan Sharples (appointed 5 September 20231
IChwr>
REGISTERED OFFICE
Soffl*vs•t House Exchar
Strar)d.
London. ￿E2R 1LA
COMPANY NUMBER
03434849
CHARITY NUMBER
1069314
BANKERS
CAF Bank Limited
Kingshim
West Maling
Kent
ME19 4TA
AUDITORS
Myrus Smth
Noman House
8 Bumdl Road
Sutton
Surrey
SM148W

THE POETRY SCHOOL
TRUSTEES. ANMUAL REPORT
FOR THE YEAR ENDED 31 IAARCH 2023
Icontd...
obl￿tiveS and A¢tivitl•s
The purposes of the charity are..
To providè inspirirwj tuition opptytunitEs for poets #nd a￿lenCeS
To encourage poets and poelry to flourish
To offer h.gh quahty crèative lU￿"0m. d¥eCtI￿ and supwt that is affordabbt and accessible to
The vision shapes ow annual xti¥ibes rern￿nS the teaching ol poetry as an art form from
beginner level to an accredited MA in partnership wth Newcastle Univer5ty and beyond. We also acl
as a talent development agency for ernerging F*)ets wth a programme of professional developrrent
opportunittes.
In $haping our obi*ctsv¢s for the year and planning our aCtiv￿e5. the Irustees have considered Ihe
Charity Commission's guidance on Publ￿ b￿errt. The Poetry School rdies on income from course
fees as well as grants from bodies suth as Art5 Courmil England and other trusls and individuals to
cover its operabng cosls. Affordabilrty and accessibilty to our prc¥rammes is important lo us and 1$
refleded in our piting and bufsary p￿￿leS set oul in detail kter ￿ this report.
We endeavour to encourage more peo* from dr¥erse baCkwO￿d$ to takè part in our ￿t￿￿tieS and
offer a comprehenstve digrtal prograrnme trnha￿￿d and supported by CAMPUS. the wodd's largest
social netsyork for poets. The School is now finnty embedded in Somerset House, a inspiring and
impressive tocation, in addition it operales in person from Exeler up to Hull and has over 15
geographul locations where it delivers I￿rt￿)n and events for students and the pubjic. Ihus ju5tfying
rts posrtK)n as an èducational instrtubcfi wilh genU￿elY natisjnal reach. Prpze ceremon*s take plaee
outside London in locats'on such as Letds, Bwmingham and Yt>rkshire, expanding on the valuable and
unique relationship wllh the Pc*t Laureate. Simon Armilage.. More free workshops, scholarships and
twjrsanes, were marketed and offered. many for marginaliseLI and minority groups indvding 3 f￿1
schc4arships for thè MA I￿ increase of on• morè than 2021-22- worth £9.5k tach over 2 yèars) and
crealive partnerships wrth groups whith speualise In hard to rèach poets were developèd. A particular
long-term partnership wilh C￿aliVe Future has resutted in the Schfy)I team judging theif poetry
competibon. pickin9 mentors aThJ Salty Carruthers chaired their poetry publishing panel at the
S¢yJthbank Centre and acted as a keynots speaker wilh this ryilKal audierKe.
The strategies empltyed to athieve the charity's aims aThJ objectives are lo..
Present and market a wide range of programff*s. Se￿nal$ and workshops lo appeal to
poets of all abilitEs from all badrgrounds.
u￿lse dvjital methods of teaching to ensure Ihat wi addrtKM) to our UK widè physical cèntres
Student5 trom al areas access our work.
Athieve greater sustainabilrty. re*l¥ence and impact by scaling-up th* PLW Schoofs
operations," in¢reasing staff numbers, improving systems and dNersfyir¥J Iht funding bas•.
EThJage in partnership actNities with relevant groups and organisations to devise creative
ways for individuals to fvrthef their pract￿ and gain expenence.
Increase free provisiLY) to under-represented groups and mafyjnalised poets and remove all
financial and other barriers to partKiPalion.
Putting these strategies into aciion we have 4 mwn areas of adNity - (yjr corè informal teachin9
prc¥Jramme. MA. digtsl offering and CAMPUS as wel as speual proJe¢ts. wizes and partnerships.

THE POEfRY SCHOOL
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 IAARCH 2023
Icontd...
Aehr•v•m•nts and Perfomun
Infornlal Teaching pro9r•mme
This is the core ol the Poelry School's offer.and has existed in some fom since the organisaiion'$
founding in 1997. We run a wogfamme of acbvilies lo teath aduhs to wrrte poelry this
programmè is segmented in vari)us ways to take account ol peopje's skills, interests, geographical
and stirAal srtual*M, ILwel of commth*nt and t￿￿get.
Most lace-to-face dasses take place in the eveThng and at weekends. We have 30 week courses over
a year, 10 and 5 session courses ￿er a lerm. and ore and day sessions al weekend5. Classes
are set al beginner. int•miediale aThJ advanced level. and sludents leam atrxjul Ihe lechnical,
inspirational or profession* aspects of wrrting [￿try. They ran also choose from a pedagogi¢al
speclrum frorn lecturè ¢0 pradical workshop. We offer frèe tastèr Ses￿OnS to all interesied in our
courses to ensure that everyoné, no matter Iheir soutseconomr baCkgr￿￿nd, herrtage or disab'lty
and everyone can engage wrth ￿Jr work from free ecopoetry workshop5 fvrnjed by the Ginkgo Prrie
c41line which have ￿ached students globally and Iwe been tau￿ ty tLrtors as far afield as LA its our
MA and scholarshp5 for marginali5ed Fpxts.
. Our ￿lin$ wogramme has an average atteThJan¢e of over gYA with a similar fiwre beiThJ returr4ng
students. Our lon*term strategies and varieties ol suwort ensure that a beginner may one day
become an MA student and then le￿her. many developjng • relaironship wrth the Sth¢X•l that lasts
decade3.
MA
The Writi'ng Poety MA continues as our first accredited in assog*iw with Newcasle
Universty. We ènrcAled 12 students lor the 2022-23,- an exception￿ aCh￿VeMent as this represents
• lull cohort lor the second year in a r(Mt - wih 23 sbjdents part￿pating in Somerset House . the
School's numbers are fai in excess of the 5 stullenls Newcastle itself has on this course at thèir
campus. This has léd to a svjnrficant lfft in ¥evenues as can be seen in the figures. In addtts.on funding
was achieved for 8 third full schdarship for an MA studewrt, lor the second year, frpm a marginalised
gro(tp worth £9,500 over the 2 ye¥s of the course. The successful marketing and expansion of the
MA in a relativety short amount of tine will result in 2 ¢ohort$ ralher Ihan one slarting al the School in
September 2023. provKling another in fundirg of 50% for 202>24.
Digital Offorfng and CAMPUS
As already noled this is a key area of success and gr￿￿h for the sch￿ atthou9h the rew
w*bsite de¥elopment was paused for this year- whilst waiti'ng for a final decision from ACE about the
NPO status. the successfvl outcome of Ihe Schoc4's appeal in Ihis wea ￿11 see the new website top
of Ihe wicKilses for 202>24.
SpKialproiects andpartnershi
Our'Poet in the Workj. programming is how we address our audwce development targets, focussing
particularty on bn"ngirKJ in a younger and m￿e diverse group of wrilers to the Poetry School. A series
of special projects and portnerships hdps us do Ihal. In 2022-23, we C￿Centrated on..
Glnkgo Prlz•- the Sthool presented the Ginkgo Prize, the Wor￿"S largest ecopoetry competition fL¥
the 51) year, with a first prize of £5.000. Second ￿ £2.CKKJ and 3rd prrze of £1.000 In addrtion lor the
2022 Pryze the AONB (Areas of Outstanding Natural Beaiityl donate(I fund5

THE POETRY SCHOOL
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDEO 31 MARCH 2023
Icontd...
towards a proe for best 'Poem of Landscape. and crealed an anthotogy lo Ihi$ effect. The 2023
¢eremony look place at the Poety 1nternab.onal Festival al Ihe Swlhbank CentrÈ.
Th• Laur•1 Prlz• for Nature and E¢opoetry - Poet Laweate. &"mon Armrtage's pnze created as his
headline Laureateship project and to which he ￿ gMThJ his Laureate's stipend 01 £5,000 per annum
for the next 10 years. Funding was secured again from 3 numbei of trusts. foundations and
indivKlual$ to sustain and grcw this activity. Partnerships havt also been forged with Yorkshi
SoJlpture Park and the AONB who awarded each of the W1n￿r$ a £700 commission to cfeale a
poem based on Iheir favourite AONB as well a5 an 8dditi.onal piize for best first collection. A day of
Ce￿bratIOn and Ihe Pryze cwern￿y wa5 planned as part of the BBC'S Contains Strong Language
festival Septemter 2022, lyjt sadty was cancelled due to the death of Her Majesly Queen Elviabelh 11.
However. the evenl t¢)ok place with an iTrpèrson and ¢)nline audietKe at yorkshi￿ sculptu￿ Park ihe
followng week and grows in terms of global subnMs&ons and WSI￿"11ty. The 2023 Prize ceremony look
place in September 2023 in Leeds.
Priz•s w• sponsored and partnered vrilh - Crealive Future Award. E￿Ied ￿erS Ink Award.
Rebecca Swrfi FouTrJabon Women Poets Prize. Aesthetica Creat￿0 writi.ng Prize.
Patherships - National lthrting Day. Natthal Poetry Day. Verve Poetry Festwal Isponsored
Performance Lecture). National Poetry Competth"on, T.S E￿t aThY Forwards Preview Evenls. Obsidian
Foundation. Griots Well, creati￿ Future. Ukraine Poets with the creation ol Stsnzas for Ukraine -
series of 25 blogs and poets from wrrfers in Ukraine. their poety and Ihe impact of the invasTron upon
the country and their work. International PEN worked Irg pror￿te and supwt this crittsl project which
forms a cuhuial record of ihe conflict which w￿1 remain Sbgnrficant for ￿nerallOnS to come. 2 of the
poets, tra9￿ally. Iwe since been murdered by th? Russians.
Editorial Partntr¥hip¥ - Ledbury Poety Crilu Scheme. HLW l Did It wrth Soc4ety of Authors (Eric
Grewry Awards}, Forward Prizes. MKthael Marks Awwds. TS EIK>t Prize
Our Crn•tiv• Values
The Poetry School was eslablished in 1997 by three poets amund a kitchen table. From t￿se
beginnings our artist￿ values have grtrwn wth a core comrtment to providing inspiring tuition and
opportunities for poets and poetry audiences. sir￿ our eadE5t days our aCtivit￿S have enabled
poèts and F¥)etry to llourish.
h established teaching centres Ihroughoirt Ensland as well as online courses. downloadable
actNities, and Ihe wodd's biggest 5wial ne￿ork dedicated to poety- CAMPUS- the Poetry School
is unique in its ability lo reach and d￿eloP aspiriThJ poets wherever tlw may be, both in the UK and
intemationalty.
We respect the dNersty and of our audiences and ensure that an cornrnent5 on our artisti
programrne. bolh p05rtive and negakn.ve are respected and heard. We airn to respond to all querie5
and complainls regarding our prc•Jramme Immediate￿ and property and ensure Ihal al tuttsrs,
sludents and other slakeholders have thwr voices heard and Iheir ClynrT￿ts r￿ted.
Th¢ Poetry Schoc4 is a yyoud Naiional P¢yifolio Organisaty"on of Arts CounGI En9Uand 201&22. During
COVID this tem was extended to funding to April 2023.
Stsd¢nt Expèri•nc•
The Sthool ￿ ¢ommrttèd to monitoring the satisfaction of its St￿￿ents and all Ihe groups wth 4thich we
work. Over 80.10 of our sludents relum to take courses n the fubjre. a stats'stic t*thith indicate5 the
S￿CesS of cwr offer.

THE POETRY SCHOOL
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2023
Fin•n¢i#l Revigw
Tht Schtsc4'5 thical relationship wrth rts maitirfLmder- ACE- was plxed under stran this year as in
Novembef 2022 ACE decwjed not to include the Sthool as part of its NPO from April 2023. This was
n¢*t pèrformancè rèlated by a rellecb.on of the pressures, both politul and econom￿ on the funding
available and many controversial ¢Jecisions have been hiqhlwhted abolrt this Pr￿$$ in the press.
The School deuded to appeal on the grounds that ACE had not fCAlV•￿ its own procedures tn the
assessment of Ihe S¢￿￿,$ appfication and was the onty organisation in the entire portfolio to be
instated. thus securing this funding again for the next 2 years. This resutted in considerable
uncwtainty, bLrt the School remains financialty more rot￿$1 than ever wtth the MA set to exceed the
lundiig from ACE as its largest un￿strICted luThJer frryn 202>24.
During this perKJd the scho￿ receryed £168.564 in tharilable donatW5 as opwse(I lo £168,831 in
2021.22 and will rise in 202>24 aftw Ihjs period of uncertainty.
Revenue from charit&lè adTr¥rties and intteased from £340,829 10 £393.937 in 2022-23,
rise 0115%.
Reserves a￿ rising to the desired of 6 months c￿lIr￿jenry and corporate partnerships whKh
have been unable to be de¥ekJped dwing COVID are pknned tts add lo unre$tr¢ted fund$.
Our Pricing Policy
The Poetry School is committed to ensuring Ihal its work is a￿Ssible arKI affordat4e lo al who wksh
to paI￿1pate, no matter thw'r finar￿la1 circwmstsnces.
Prices and fees were effedivety frozen duwing COVID and have been faised this financial y&ar.
Tutorials in person cost £1(￿ for a meeting with prepared feedback from the lutor on a submission of
200 hnes of poetry.
Our ￿ is now £9,5W for the Iwo year course. Of this am￿nI th• Poetry S￿￿1 takés 85% and
Newcastle UnNersty 15%.
W¢ offef means tested bursarns to all those who qualify. with up to 101Y/o of costs fvnded.
Our tutor fees are based on the Socgety of Aulhors Freelance Rate Reckoner and we are proud to
be a London M￿lMuM wage employer. We hold re9ular wth tulor$ arKI benchmark our
polic￿ against comparators ￿1h1n the wts and a￿le￿I¢ 5edors
Inveslments
The Poetry has M Trivestm•r￿ on *ttich to rewl.
Resèrvès Polley and Going Concern
R•stThÈs are required to cover ￿p1anr￿￿ emergency expendrture and the Iru3tee5 C￿S￿ler the ideal
levd of reseNe would be three months, worlh of overhead costs.
The Irustees have reviewed the circumstartts of the school and consider Ihat adequale resources
onlinue to bè available lo lund the aclNities of the charity for the foreseeabbe future. The trustee$
are of Ihe view that the Poety School Is a powerfijl going concern, a view echoed by ACE who have
revised the risk rating of the Charrty to'mwv)rf- their khyesl rating.

THE POETRY SCHOOL
TRUSTEES. ANNUAL REPORT.
FOR THE YEAR ENDED 31 MARCH 2023
Iconfd...
Plans for Futur• Periods
The Poetry School Director wdl continuousty revise its Arlicles of AssoCiat￿n to brirg il more ckjsely in
line with currenl Charty Commitlee thice based on the c￿nt￿9 Act 2C4)6.
The School conlir>uÈ5 to devek)p and strengthen relevant parInerS￿.pS wth key organrsations as ean
be seen in our speual projects and other a￿l¥rt￿$. Of parl"oJlar note is the estaNishment of the
Laurel Prvze arKI the $￿ssful devek)pn￿fiI of the Ginkgo Prize.
Th• Schwl C￿tIn￿&S to innovate and lead actNrty in the sector engaging new and harder to reach
audiences whilst increasing fvnd raising from trusts and foundalM)ns. irtdwiduals and pursues
corporate partnerships as well as prowdirwj sectry le*3ing Ihrrwgh research and
development.
Salty Carruthers, 27 December 2023
Struc￿￿ Governance and M•na9emert
Gov•rnAng Doeum•nt
The Poetry School is a wivate company limited by guarantee Icompany nurTthr 034348491 govemed
by its Memorandum and Arb"des of Assooats'on dated September 2016. It is a reg¢stered tharty with
the Charity Commission. number IC69314.
Appointm•nt of Trust¢
As sèt QLrt ￿ thè Al￿"deS of Assoeiakn"on Ihe chw ol the twslees is nominated by the Board. Board
members serve for 3 years with 30% of membws retiring on ￿ amual basis With on oplh)n of re-
election.
AJI membefs have the Opp￿lUnIty lo tvnnate or svpport the rKJminatr'on of truslees before each
board meeting and when Cons￿ering trustees the Board cx)n5iders the requirement for any
specialist skills required - for inslarKe. ￿ the evenluah.ty of a carnp8i9n laf9è scale prcieGt
management and construca￿￿ skills will be required.
Oryanisation
The board of trustees adM￿lSterS the ¢h•ity. The Bo8rd nom8ly me¢l$ quarterb and ¥
represenlalive from Arts CC￿￿￿1 England is dso invrted to attend. An ExecLrtive Dire(lor is appointed
by the Irustees to manage the daY-t￿daY operations of the charity. To faolllate effective operations a
Creative Director has also been appointed by the Bowd to man•Je the prograrnme and swal
prqects.
Relat•d Partles and C(weraiion with oth¢rorgan•safron¥
None of cur frusiees receNe rÈrnunerat￿ of tslher benefft from th&r WO￿ with the charty. Any
onnection bets¥een a trustee or senior manager of the charty wrth othèr poetry organisations must
be d15dosed to the full t<)ard 91 trusteès in the same way as any other contractual relat￿nship with a
related pwty. In thè current year such related p*ty transactKJns wwe reported.

THE I>OETRY SCHOOL
TRUSTEES, ANMUAL REPORT
FOR THE YEAR E14DED 31 MARCH 2023
Ictsntd...
Pay Policy forS•niorSt•ff
The direct¢ys consKler the board of direct¢xs. Vh￿ are the Poetry &hoLI's Iru5tees and Ihe senior
management team comprise Ihe key mana9emènt personnel of the tharrty in charge of diredin9 and
controllir4J, running and operatn9 Ihe charity on a day to day ba￿$. All diTect015 give of their time
fredy and no director [￿e1Ved remunerab.on bn the year. Details of dbreclor5' expenses and rèlated
party transacb'ons are di5dosed in note 12 of ihe aCCOLWrts.
The pay of senior staff is revie￿￿ annuaty and nornwly inueased in accordance with average
eamings. In view of thè na￿re of the chafty Ihe dKectors t¢￿hrnark against other arts organisation5
of a similar size.
Risk Man8gement
Thtr organbsatKsn has a risk management stralegy **thich ccMnpromises-
An annual rewew of the prI￿1paI risks and uncertainties Ihat eharity faces in line vrilh ACE
reFrfiTrJ guidelires
The èstsblishment of pdicies, systems and pcocedures to mitvJate Ihese risks idenbfied
Discreet risk asse5sment5 when faced with new or speoal projecls, such as the potential for
caytal campaign or other exlraordinary ¥¢bvty.
ACE gave thè ch*rty a r￿ rating of MINOR- ifs by*est rai1￿j in its 8Mual I4￿baCk.
T￿st60s. rnsponslbiliti•s in rnlation to the financial slatem•nts
Trustees. reswnsib11￿es slatemerrt
The trustees (who are also directors of the pr￿ Schod for the wrpgses of compww lawl are
responsible for preparing the Truslees, Annual Rep￿ and the finanaal 5tatèment$ in accordance with
applicable law and United JQ"ngdorn Aetountsng Slandards (Unrted ￿'r￿jd0rn Generalty Accepted
Accounting PractKel.
Company law requires Ihe trustees to prepare financwl slalemenls for eath financial year. Under
company law the trustees must nol appr¢Jve the finar￿131 statemertts unless they are sath"sfied that
they give a true and fair vw of the stste of affaws of the charitable ¢ompany and of the incoming
resources and applicalion of resources, induding the income and expendI￿r•, of the charitable
ctsrnpany for that period. In pr¥paring Ihese financial statements, the trustees afe required to".
select surtable accolmting pok3es arKI then apply them consi51enty.'
obserye the methods and prinriples in Ihe Chartlie5 SORP 2019 {FRS 102}'.
make judgernents and estimates that arè reasonable and prudant,
$late whether arpli￿ble UK Accounling Standards have been follry￿1. subj'xt to any
material departwes disdosed and •xplained in thè financial statements",
prepare Ihe financAI stalements on the g¢ing concern basis unless it is inappropriale lo
wesuwE that the charitable conyany will conmue in operatK)n.
The trustees are resp)nsible for keeping adequate accounting records that disclose with reasonable
accuracy at any time Ihe fina￿la1 posilw ol the charitable company and enable them to ensure that
the financial slalements comply wth the Cornpanies Act 2006. They a￿ also responsiNe for
safeguarding the assets of the charitable c¢)rnpany and hence for tskiThJ reasonable steps for the
prevem'on and delection of fra¢JJ and other I￿egularities.

THE POETRY SCHOOL
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 fiARCH 2023
Iconld...
In so far as the trustees are awwe..
the￿ is no relevart authl infrKM*l￿ ol wlm.ch the charitable company's wjditor 15 unaware,.
and
the trustees have taken all steps Ihat they ou9hl to have laken to make themselves awaré of
any relevant audrt information and to establish that the a￿jrtor is aware of Ihat ￿fOrMatK)n.
This report has been prepared in a¢cordaKe wrth the proYi&ons of Part 15 of the compani￿ A
2006 relab'ry to small companies.
By
ol the board oltwstee$
Richar¢J Forsilyke {Chairl
27 Decenknr 2023

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF:
THE POETRY SCHOOL
FOR THE YEAR ENDED 31 MARCH 2023
Opinion
We have audited the financial statements of The Poety S¢hTrJl for the year ended 31 Marth 2023
whth compwise the Statement of Financial ACt￿rtieS. the Balarv Sheet, the Cash Fl¢)w Statement
nd notes to the financial 5talemtnt5. induding a summary of significant accounting policies. The
finanrial feporting framework thal has been ap￿￿￿ in their Preparat￿ is applicatle law and United
Kingdom Accounting Standards, induding Financ4a Repornng Standard 102 The Financial Reporting
Standard applicable in th¢ UK and RepubfK of If•land {Unrted KingdLYn G¢￿TallY Aec¢pted
Accounting Practice).
In our opinion the finanual slatements..
give a true and lair of the slate of ￿ tharitabl? comparry'$ affairs as at 31 Mar¢h 2023,
and of its incomin9 resources and applicatM?n of resourcés, inthding ils income and
expenditure. for thÈ yèar then eThled'.
have been prepared in accordance with United King(l¢yn Generalty Accepted
AccountiryJ Prac1￿. and
have been prepared in aG¢wda￿ wth the requirements ofthe Companies Act 2006.
8a#is for oponlon
We conducted our awjit in accordance with Internat￿nal Stsndard$ on ALtdthny IUK) IISAS IUKII and
applicable law. Ouf cesponsily'litEs under those standard5 are further described in the Audilorf$
respon&bilities for the audit of the financ41 statements Secbon of our reput. Wè are indèpendent of
the chafrtable company in accordance wth the ethical reqU1￿ments ihat are relevant lo our audit ol
the financial slatemenls in the UK. indudirwj the FRC'S Elhical Standard, and we have fulfilled our
other eth￿81 responsibil￿e$ in accordance with Ihese ￿quIremen1$. We believe that the audit
evMdenGe we have oblained is $uffio"ent and ¥*wopriate lo prowdtr a basis for our oynion.
Conthtslons relatin9 to golng concern
In auditing lh* ffinawal statements, we have conduded Ihat th• Iwust•es' use rtr"f the goin9 concèrn
basis of aCCOL*rting Mi prep¥ation ofthe fnancial ststements is approwk*e.
Based on the wc¥k we have performed. we have Trot *jentif￿d any malerial uncertainties rela￿.ng to
events ￿ condit￿n$ that. indiwdualty or cglledNety. rnay cast $I9nffi￿nt doubt on the charitable
company's ability lo continue as a going concem for a Per￿ of at kast twelve months from when t
financial statements are authtirised lor issue.
Our respOnsi￿litieS and the responsibilities of Ihe trustees wtth respeca to ￿n9 C￿cern are
described in the relevant seclions of this report.
Other informatlon
Thé tnJstees are fesw)sible fc* Ihe other inf￿ma￿.on. The other inforniall￿ comprises the
information included in the trustees, annual report, other than the financial statements and o
audrtorfs report thereon. Our opinion on the finanaal statements does cover the other infom)ation
and, except to the extent otherwse explvlty slated in our report. we do nol express any fomi of
assurance condUsic￿ thereon.
In conneclKin wth our audit of the finanrial statements. our responsit4.lity is to read the other
information *, in doing so. con5bJer Whel￿r the other information is matèrially inconsislenl with the
financial statements of our knovAedge obtained in the atKIrt or Othè￿lse appears to be materially
misstated. If we identfy s￿h material inwi￿sten￿es or apparent mafenal misstatemenls. we are
required to determine whether there is a material misstatemenl in the financial sialemenls or a
malerial misstateft￿t of Ihe other intormab"on. If. based on Ihe work we have performed. we
condude that there is a matefk¥ m15Staternent of this other intsmaty"on. we are required lo report that
facl.
10-

INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF:
THE POETRY SCHOOL
FOR THE YEAR ENDED 31 IMRCH 2023
We have nothing to report in this regard.
Opinions ¢>n other matters prescribed by the Companies Act 2006
In our ¢)pinion. based on Ihe wiyk undertaken in the eourse of Ihe audit."
the inforrnab.on given in the trustees. report [Incorporating the ￿irectors, report) for th•
fThncial year for which the ffinancial stat•ments ale prepa￿d is consistent with the financial
statements."
directors. report has been prepared in aCc￿d￿ with applicable legal requirements.
Matt•ts (*n whlch w• ar• v•qulr•d to rnport exception
In the ligm of ￿Jr knowledge and understanding of Ihe tharrtatrAe company and rts environment
obtained in course of the audit. we have not Jdenl[￿d rnateria mis5tat•ments in the directots,
We havé nolhing to r•port wi respect of the folkJwiThJ matters in relation to which the Companies Act
20(￿ requires us to report to you rf. in our opinion..
adequate accounling records have not been kert cw retwns adequate for our audit have not
been rec￿Ved from branches not visrted by us", or
the financial slattrrnents ale not in agreement wrth the accounts'ng re￿r￿S and retums,. or
certain disclosures of dirèctors. remunerntion specrf*d by Lew are not made., or
we have not feceNed al the inforn)ation and explanaliws we require for our audit.. or
the truslees We￿ not entitled to prepare Ihe financpl statements in aC￿rdanCe with the small
companies, re91ff￿ and take thantage of the small companies. exemptions in prepar*)g the
direclors. rewrt and from the requirement to prepare a strategic report.
R•sponsibiliti•s of trusttts
As explained more in the trustees, responsbimies statemenl. Ihe trU￿te$ (who are 81s0 the
directors of the charitable company for Ihè purposes ol company Lawl are responsble for. the
preparabon of the ￿anCIal statements and for beit)9 sats"sf*d that they give a tnje and fair view, and
for such inte¥nal control as the trustees detemiit* is necessary to enat4e the preparation of finanoal
sts1¢n￿n1s that are free from material misstaten*nt. whether the to fraud or error.
In preparing the financial statements. the trustees are respon5*1e for assessing the tharilable
company's abilty to continue a5 a going concem. disdosiThJ. as applicable. mètttrs related to goin9
concem and using the going corw basis of accounting unless the irustèes either intend to liqU￿ate
the charrtable company ry to cease operat￿n￿. ry ha¥¢ no reak"5b"c altemalwg t¥Jt to do so.
Auditorf¥ responsibilili*# for thè audit of th• finanelal slatements
Our objecb.ves are to obtain reasonat4e a$sura￿e ab(xrt whether ihe finanaal statements as a'whole
are free frorn material misstalèment. whether due lo fraud or error. and to issue an auditorfs ￿port
that includes our opiiion. Reasonable assurance is a high level of assurarce. bul is not a guarantee
that an audit C￿d￿cted in acco¥dance with ISAS {UKI will a￿ayS detect a material misstatement
when it exists. M1&4tatements can afise fr￿n fraud or eryor and are conshJered malerial if, individual
. or in the a9gregate, they could reasonabty be expected lo infiuence the economic decisions ol users
taken on the basis of these financ4al statements.
Irregularities. ir￿￿dIng fr￿d, art instaKes of Tr)n-complrance with l&¥s and regulat*)ns. We design
procedures in line with our respon5bi1￿.e5, outlined above. to dete(a material misstatemenls in
respect of irregularities. including fraLbd. The speufL procedures for this engagement and the extent
to wh¢ch ihese are capable of detecting irrtgularth"es. i1￿ludi1vj fraLhl is ¢Jetailed bel)w".

INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF:
THE POETRY SCHOOL
FOR THE YEAR ENOED 31 MARCH 2023
icontd...
Enquiry of management and t￿lse charged with govemantè about actual and ky)tentkal
lrtigation or daims and the identfvat￿￿ of no[￿¢0mplIance with laws and regulatKJrts.
Reviewing minutes of meetiThJs of those chaw wrth governan￿.
Reviewing ffinancial statement disclosures and tesb.ng to S[w￿n9 docJJnentation to assess
compliance wilh ap￿41Cab￿ laws and regLlatis)ns.
Auditing the risk of managerr*nt override of controls. induding testiNJ joum81 entries
othei adjustments for appropriateness". and asses%ng whether the judgements made in
making accounttng estimale5 arè ind￿t￿e of a potent¢al knas.
Performing analyts￿l procedures to Klentify any ￿￿sU81 or unexpe¢led relab"on$hips that may
indicate risks of material misslatement due to fraud.
ProfessK)nal scepiKism in ecurse of the aL*Jrt and with awjit sampling in material audrt aréas.
Because of the inherent limrtations of an audit, there is a risk that we will not detecl all irregularities,
includin9 Ihose leading to a material misslalement in IhÈ finaneia statements or n0n-comp1iar￿e wrth
regulation. This risk increases the rn0￿ Ihal compliarKe ￿th a or regula￿"on is removed from ihe
events and transactions reflecied in the finanual $tatements, as we wll be less likety to become
are of inStar￿$ of non-compliance. The risk ts also greater regarding irregularibes ¢xcurring due
to fraud rather than error. as fraud involves Intention￿ concealment. for9ery. ctsjlu$itin. omi$*on or
MIs￿presentation.
A fvrther desCriPt￿n of our resFrtJnsibihlies for the audrt of the ffirkancial statements is located on the
Financial Reporting Council's websitè at." www.frc.ofg.ukjauditors￿sF￿JnsIbIIitIes. This d￿riptIon
fryms pal of our auditorfs report.
This report is made sort￿ to the chantable company's memt*rs. a5 a bt#Jy, in accordance with
Chaptèr 3 of Part 16 of the Companies Acl 2CKJ6. Our audrt wc¥k has been undertaken so that we
might slate to the charitable company's ￿rnber$ matters we afe required to state.to them in an
audr(or's repc¥i and for other purp05e.
To the fuNe5t extent permrtled by law, we do not ￿cept or assume reswnsibrlrty to anyone other than
the charitsble company and the charitable cryryany's memters as a body, for oui audit work, for this
, or fw th• opinions we have formed.
K.C. Fisher Istnitr Statutory Aurfrtor)
For and on behall of Myrus Snith.
ch￿ter¢[l Atrwrtants and Slatuttjry Audit￿9 .
Norman House
8 Bumell Road
Sutton, Surrey
SM14BW
28 December 2023
12-

THE POETRY SCHOOL
STATEMEMT OF FINANCIAL ACTMTIES
(including the Income and Expendiluve A¢￿untI
FOR THE YEAR ENDED 31 MARCH 2023
Unrestricted R•striet•d
Funds
Funds
Totsl
2023
Total
2022
INCOME AND ENOOWMENTS
FROM..
Donations arKI kgao¢$
Investment incorne
Charrtabjg thrfi•s
155.
13,000
168.
168,831
28
340,829
474
393.937
474
393,937
TOTAL INCOME
549.975
13.LKKI
.975
509,688
EXPENDITURE ON:
Raising fvnds
Chwrtable aclwibÈS
728
508,924
973
573,982
491.924
17.OC(I
TOTAL EXPENDITURE
492.652
17.1)CK)
509.652
574.955
NET IEXPENt)ITUREyINCO
Transfer be￿ttn lunds
57.323
14,C(I
53.323
{65.267)
17,(
NET MOVEMENT IN FUNDS
50.323
53,323
165.2671
RECONCIUATION OF FUNDS
Totsl fvnd5 lThight for%wdrd at 1 Awl 2022
49,149
250
49,399
114,666
TOTAL FUNDS CARRIED FORWARO
AT 31 MARCH 2023
£99,472
£102,722
£49,399
The company made no recognised 9ains and losses other than those ￿￿ted in the irKome and
expendibjfe account.
l incorne experKlitwè dtrwes from continLMVJ attr￿les.
The notes on pages 16 to 23 fcrfm part ofthese finantial statements.
13-

THE POETRY SCHOOL
(Company No. 034348491
BALANCE SHEET
AS AT 31 MARCH 2023
2023
2022
FIXED Assgrs
Tangit4e assets
426
639
CURRENT ASSETS
Debtcrt
Cash at bank in haThJ
10
53.034
1,601
146,811
141,822
148.412
CREDITORS".
A￿nIS falin9 ikne within ore year
11
39.526
NET CURRENT ASSETS
102.296
48.7eA)
NET ASSErs
12
£102,722
£49.399
FINANCED BY=
Unrestricted fvnds
Restricted fwKIs
13
13
93.472
3.2KI
49.149
2￿•
£1￿2.722
£49,399
These finanual statements ￿ve been prwred n accord￿ wth the speual pro¥i$v)n5 of Part 15
ofthe Coryarues Ad 2006 relatiww to smal companies.
Thè accounts were approved by the Board of th'r¢dty$ on 27 Deeembef 2023.
Qi7-
RKhard Forsdyke
{Chair}
T￿ not•s on pages 16 to 23 fom pwt ofthese financial ststtmÈnts
14-

THE POETRY SCHOOL
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Cash flov*S trom Opera￿n￿ aCti￿tieS.
Nel rnovement in funds per Statement of FinwKia ktivths '
Adjustments for".
Depreoation
Deueasellincrease} in debtors
{DecYea$eylncrease in creditors
53.323
165,267)
213
151.4331
160.1261
1,798
7.802
10,321
Net eash (tss•dlft) operatlng activlties
158,0231
(45.346)
Cash flows from investing acliviti•#=
Purchase of tangible fixed assèts
1851)
Net cash provided by/(us8d In) investing xtivities
{851}
(Deueasel In cash
158.023)
(46,1971
Cash and ￿sh equivalents broWt foMard
146.811
193.008
Ca¥h •nd ¢ash èqulvalents carried forward
£88,788
£146.811
Anatysls of cash •nd cash equiv•l¢nts
2023
2022
Cash at bank and in hand
£88.788
£146,811
The notes on pages 15 to 22 fomi part of the fThncial staternents.
15-

THE POETRY SCHOOL
NOTES TO THE FINANCIAL STATEME14TS
FOR THE YEAR ENDED 31 MARCH 2023
ACCOUNTING POUCIES
General Information and basls of a¢countin9
The Poèty School is a reglstered charty (No. T(￿9314) and private company limrted by
guarantee INO. 034348491. inwwated in Great Britain and rt9iStered in England and Wales.
The registered office is gNèn in the Reference and Administrative Details in the Truslees,
Annu* Rgwt.
The charity constitutes a wblic benefrt entty as define(I by FRS 102. The financ¢al statements
have been prepare(l in acCOrdar￿ wrth Arxountin9 and Reportyng by Charilies. Statèment of
Recommended Practice appliCa￿e lo charii*s preparing thèir ac£oun15 in acci*rdance wth the
Financial Reports"ng Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in
October 2019. Ihe Financial Reporting Standard ap￿Ica￿e in the Unrted Kingdom and Republic
of Ireland IFRS 1021, the C¢)rnpanies Act 2LI%, the charikn.es Act 2011 and UK Generalty
Aecepied Accounting Practice.
The financial slatements are wepared on a goin9 corttm basis arKI under the histoital cost
c￿vention. The *gnrfKant ￿Ctyjrbts.fty ptsliues applied. in thè preparatp)n of these financial
statements are set out lth. These pol￿e$ have been con5rstenily appl￿ to all years
presented unless otherwis• stated.
T￿Ible Fixed Assèts
Fixed assets ara sh(Mn at h￿tor￿1 cost
DeFrfeciation is wovKled at the fc4lowing annual rales in order lo wr41e off eath ￿￿et over its
estirn*ed useful hrt by the Slraryht hnt Method.
Fumiture and equipment
Improvements to lea5ehc4d prernises
25%
Taxation
Thè charitable company is exempt from tayalim under $505 Income and Corporation Taxes
Act 1988.
Income reco9nilioD
All rKome is rec¢￿1$•{1 ¢xv the ch*ity has entitlement lo thtr incom•, ther• is SLrfficient
certainty that receipt of the inttqne is considered probable and the affvwnt can be measured
The Poetry School receives mLth of its ir¢ome al Ihe slart of academic year for courses
hdd Ihroughout thal year. Accor¢*ThJly the proprytth of income for the next finanual year is
defer￿.
Expend5ture recognition
Expenditure is re￿nised once Ihere is a or constwctwe obligation to make payment Its a
third party, il is wobable that seWèmènl wim be rewired arKI Ihe arntyjnt can be measured
reliabty.
16-

ThE POETrY SCHOOL
NOTES TO THE FINANCIAL STATEMEPITS
FOR THE YEAR ENDED 31 MARCH 2023
(CONTINUED)
ACCOUNTING POLICIESlcortd...
Expendiiure is dassthed underthe fol(Mfing h*adir8s."
Raising fvnds whKh comprise of Ihose Msts asgoryated with 4ttrac*ing voluntw
such as 9ranls and donathons
Charrtable actwities whth comwtse of those costs associated with cwrwng out the charity'$
various a¢tryrt￿S in order to meet 115 0bJedN•s
Expenditure includes those of a direct nature which be 8lkx*ed to a spe¢ifK 8Ctivity. It
also inchjdes indirec¢ costs. i￿ludI￿j governance costs that do not relale to a 5pecrfic activity
Jl are r￿e$s￿ry IO SUPPOrt those adivrties.
Oebtor¥ and cw8ditors
Debtors and credrtC￿s with TrJ Stated interest rate arKI rewvable or payable within one year arè
recordèd at transaclK)n piice. Any k)sses arksing frC￿ ¥npaIm￿nt are recogntsed eX￿ndIbjre.
Fund accounting
The Restrided Funds are restrided income funds given lo the charty for specific reasons.
Thèy are expéndaNe by the trustees in resF*ci of part￿ular projects in fvrtherance of the
objects of the charity.
The Unrestricted Funds are furth expendat4e at the discretThi of the trustees in furtherance of
Ihe objects of the charrfy.
L•ases
Operats"ng lease rentals are charged to the Statement of Financial AdNths ￿ a straighl line
basis over the perth of the lease.
Pensions
The charity operates a defined COntr￿Util￿ schenE. ContnbLrttms payable under the scheme
afe charged in the Stalement of FinarKial Adi¥ilies in Ihe year to whith they relate.
17-

THE POETRY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IAARCH 2023
(CONTINUED)
DONATIONS AND LEGACIES
Unrestricted Restrtcted
Funds
Funds
Total
2023
Total
2022
Arts Ccwjnal Engknd grwrt
Other grants
Dcmations
142.993
142.993
142,993
12.571
13.0
25,571
25,838
£155,564
£13.OCrf)
£168.564
£168.831
Of the £168.831 recojnised in 2022. £163.831 wa$ unrestr￿ed fimds aThJ £5,000
restricted fijnds.
INVESTMENT IMCOME
. Unreslrfcted Restricted
Funds
Funds
Total
2023
Total
2022
Bank interest r￿e1¥•b
£474
£474
£28
Al of Ihe £28 recc4Jnised in 2022 wa5 unre5tricled furKIs.
INCOME FROM CHARITABLE ACTivmES
Unvestri¢ted R￿tricted
Funds
Funds
Total
2023
Total
2022
Courses (Inc. online), Tutorials,
Seminafs & Kbrkshops
New Art151ic Proyrammes and SpecKaJ
Projects
H￿her EdU￿￿10n Prowrr
Olhèr income
294.597
294,597
261,869
1.071
.269
1.071
YJ,269
8.000
30.514
48.302
144
£393.937
£393,937
£340.829
All of the £340.829 re¢L¥Jnisgd in 2022 was unreslricted fvnds.
18-

THE POETrY SCHOOL
NOTes TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
(CONTINUED)
EXPENDITURE ON CHARITABLE ACTMTIES
Unweslrict•d R•striGted
Fwds
Funds
Total
2023
Totsl
2022
Salaries and staff costs
Tutor fees
Rent and venue h
Premises cosl
Marketing
Course Expenses
Higher Educatron Programff
New Artlslic Programmes
Bursary
Insurar
Communicalio
Website costs
Legal and profe5won
Refunds
Repairs and renewals Ilnc. tn
stati¢￿ery and office supplies
Telephone and Intemet
Bank and PayPal cha
Sundry expenses
Dtyreciaiion
214.139
105.189
19.757
214,139
105,189
19.7S7
219,641
129,692
40,576
1931)
6.399
1.350
30.068
65.627
3.371
2,537
181
9,521
4.051
13,993
47,411
"29.122
959
3.483
1.382
8,775
12.965
4,051
13,993
47.411
46,122
959
3.483
1.382
8,775
12.965
17,000
3.028
6.786
2.981
42(6
889
213
3,028
6.786
2.981
4.206
889
213
19.316
8.292
5,851
5,858
1.232
1.798
DIRECT PROJECT COSTS
479.675
17,00)
496,675
550,379
SUPPORT COSTS
Salaries and staff costs
Governance ¢05ts".
Auditors remuneratron
Diie¢lors' expenses
Trustees. èxpènses
8.422
8.422
21.658
2.010
1.817
2.010
1.817
1.854
91
£491.924
£17.(M)O
£￿8.924
£573,982
Of Ihe £573.892 •xpend8d in 2022. £567.918 was to unrestitted f￿dS and £6.C64
to restricted fijnds.
19-

THE POETRY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AIARCH 2023
ICONTINUEDI
NET IN¢OMEI{EXPENDITURE} FOR ThE YEAR
2023
2022
This is stated after char9WI9."
Operating lease rentals
Auditors, r￿UneratK￿".
Audrt servrces
£17.438
£26.065
£1.7LK)
£310
£213
£1.6
£260
£1,798
Depreaalion
STAFFING
2023
2022
Salar￿s
Social Security cost
Pen%on costs
169,499
12,534
182,698
13,991
4.607
186,617
201,2
36,481
Consurtants ant1 cther slaff costs
£222,561
£237,777
No employee rtceived employee beneffts lexduding empknyee pensim ￿$1$) of more Ihan
£60.1)￿.
Total employee beneffts received by key man•Jement amounted to £61.69312022.' £65,900).
2023
No.
2022
No.
Nurthr of Staff
Director
Programme & Marketing
Administrth"on & Finance
TRUSTEE EXPENSES
No Tru51ee512022." No} were ￿mb￿r$ed for out of poc*et subsi51erKe expense$. Thesè amovnted to
£Nil y•ar12022-. £Nir).

ThE POETRYSCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
ICONTINUEDI
TAMGIBLE FIXED ASSETS
Improvem•nts to
Leasehold Pr•mis•s
Furnitu￿ &
Equipment
Total
Cost
At 1 April 2022
Addib"ons
Dtsposals
7.929
21.6(
29,535
At 31 March 2023
7.929
21.606
29,535
Depreciation
At 1 April 2022 .
Charge for the year
7.929
20.967
213
28,896
213
At 31 Mar¢h 21rd3
7.929
21,180
29.109
Nèt Book Values
At 31 March 2023
£Nil
£426
£426
At 31 March 2022
£639
£639
10. OE8TORS
2023
2022
Accrued incom¢
Other debtors
Prepaymems
12S
52.149
885
1.476
£53.034
£1,601
11. CREDITORS.. Amounts falling dug within on• y•ar
2023
2022
Oiher creditor5 indudin9 taxation and social se￿rity
AccnI￿S
Deferred irKome
45,618
1,980
1,CK)3
52.174
£39.526
£99.652
All of the deferred income bro￿ht forw*d was released the year.
21

THE POETRY SCHOOL
MOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 PAARCH 2023
{CONTINUED)
12. ANALYSIS OF NET ASSETS BEWEEN FUNDS
Unrestri¢tsd Restricted
Funds
Funds
Total
2023
Total
2022
Fund Balances at 31 PAarth 2023
arè ropr•s•nted by
Tangible fixed as5*ts
Current assets
Current liabilitie$
426
138.572
{39,526)
426
141.822
139,5261
639
148,412
199.6521
3.250
£99.472
£3,250
£102,722
£49.399
13. MOVEMENT IN FUNOS
At 1 April
2022
At 31 Mar¢h
2023
Income Expenditure
Transfer¥
Restricted Funds..
Laurel & Ginkgo prizes
Grace Cotsk s￿￿arShIp
Apples & Snakès
10.¢)XI
17.OCKJ
3,1KJO
250
250
250
13.CO)
17,O¢X>
7.WO
3,2SO
Unrestricted Funds..
Genefal
49.149
549,975
492.652
17.¢XJO)
99,472
Te4al Funds
£49.39a £562.975
£509.652
£102,722
Comparative informatiw for previous yèar".
At 1 Apiij
2021
At 31 March
2022
Incomo Exp*nditur• Transfers
Restncted FuThJs".
Laurel prize
Moving fvnds
'Apples & Snakes
250
1.314
250
UnrestrKted Fund5'.
Gener
113,352
568.891
49.149
Total FLmds
£114.e66 £5CP3,688
£574.955
£Nil
£49.399

THE POETRY SCHOOL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EMDED 31 MARCH 2023
(CONTINUED)
13.
MOVEMENT IN FiINDS continued
Funds
Apples & Snakes - £250 remains for partrtership workry bthogn the trwo organisations
following a suttessfvlioinuy programmed ryiurse in 2014.
"Grace Cook Scholarship- d￿atr￿s were re¢eived in nwmry of our late cc4league Grace
Cook. The trustees have a9reed lo use thèse fuThJs to estabhsh a scholarship for a BIPOC
poet
Laurel and Gink90 pwLes - donalions of £10.(￿ were received towards the cost of Ihtr
pri2èS.
14.
OPERATING LEASE COIAMITMEMTS
Tolal firture rninw￿rn lease payments under nonarKelable operating leases are as follows:
2023
2022
Amounts due within..
One year
One to five years
1,699
566
£566
£2,265
15.
ONTINGENT ASSETS
Total grant funding warded as al 31 Mar¢h 2023 but f￿1 yet rect￿1 and racognised as
tncome due to the recognrfion cnteria nol being met a￿￿unt5 to £285.986.
-23-