REGISTERED COMPANY M tMBER: IM318810 (England and Wales) REGJSTERED CHARITY NUMBER: 1092533 ENT HE NEW.JYRIILY&SQUlll Chariot House Limit Chartered Accouiitants 44 Grand Pkwade Brighton East Sussex BN2 9QA NEW WRITtNG CONT ILOF THE FINANC AT FOR THE YEAR ENDED 31 MARCH 2￿24 MENrs Page Report of the Trustees Independent Kxamlner's Report St*t¢m¢nt of Flnanclal Aetlvliles BAIAnee Sheet 10 Notes to the Ffjnanelal Statements NEW WRITING SOUTH REGISTERED NUMBER: IM318810 REPORT OF THE USTEES R THE YEAR ENDED 31 MARCH 2024 The t￿Stee3 who are also directors of the charity for the purposes of the c.ompanies Act 2006, present their report with the financial statements of the charity for thc year end¢d 31 March 2024. The trustees hav¢ adopted thc provisions of Accountin¥ and Reporting by C.harities: Stalemenl of Recommended Pracii¢e applicable to charities preparing their accounts in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019). 0￿￿CTIVEs AND AcfiviTIES Objectlves And Alms The principal ￿tiVitY of the c.ompany during th¢ year continued to be the development of under-represented writers and their work, and the enga8¢m¢nt and d￿clOpMent of new audi¢n¢e5 to participate in and ¢njoy Grcativc writing in all its f()rins. The Trustees confirm thal they have consid¢red the c.harity Commission's Buidance on public benefit when reviewing the charity's aims and objeclives and planniiig futur¢ ￿tIViti¢S. StAff Rnd Volunteers The company has th¢ following staff for the period 2023124: CEO: Lesley Wood (Full-time) Programme Manager: Sharon Duggal (Part-time. 2 days per week) Left Othober 2023 Artistic Director: Anna Jcfferson (Part-tim¢. 4 day8 pcr week) C.ommenL¢d JAnuary 2024 Digital and Marketing Manager: Ed Cottrell (Part-lime, 2.5 dAyS per week) Producer: Liam Offord {Full-time) Bookkeeping services provided by Steven Poulton, The Trust¢e5 gratefully acknowledge the contribution Sharon Duggal h&s made to the Charity's straiegi¢ vision and mission through her creative programming and commitment to equity, equality of opportunily and inclusion. Board New Writiiig South is ¥overned by a Board of Trustees. these volunteers ol. the charity and directors of the company. The minimum number of trustees is three and uiiless otherwise determined bj a Cieneral Meeting no more than ten. Eight trustees served in 2023124 including four new appoinlments who have brought valuable skills and experience in strategic developmcnt, communicalions, publishing and diversity & iiiLlusion. The Boord meets at least four times & year, at quarterly intervals, and the Annual Genernl Meeting precedes the Quarter 3 board meeting. Working groups of trustecs and stsff (and third parties where helpful) are convened to support Sp￿lf1¢ functtons when required, notably recruitment, fundraising and Community development. Trustee Anna Hayward will take over as Chair of Trustees in May 2024 when David Sheppeard retires. Directors are gratefijl for David's outstanding contribution to the charity. overseeing the recruitment of four new Trustees and ¢riti¢al staff development to increase capacity of the senior management team and grow the ambition of the company, Page I NEW WRITING soirrH CISTERED NUMBER: 0431 io REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACIIIEVEMENT AND PERFORWCE Charithble activities The Coast is Queer LGBTQ+ Lltergture Festival Now in its fourth year. Th¢ Coast is Queer LGBTQb literdture festival. return￿ to the Attenborough Centre for the Creative Arts (ACCA) at the University of Sussex in 2023. Their generous in-kind contribution has been fundamental to the growth of the festival which ha& in lurn, become an integral elemLnt of the university's annual community engagement programme, with an ongoing commitment to stage the festival for 4t least the next three years, Building on the growing success of previous years. the 2023 festival featured over 20 panels, in-conversation events and workshops. alongside an exhibition, a live poetry ¢abar¢t. film screenings and th¢ first Coast is Queer Arlist-in-Residence, poet and graphic artisL Soollya. Attendances exceeded 1.5(Kl, including over 300 students from local universities. "l just wanl my whole world to be like how The Coast is Queer curates... I feL'I connected to & world I want to see." 2023 Attende¢ 'The festival is & p&%sport to a unique world of LCJBTQ+ writers llnd thinker4 featuring Some of the mi)st exciting homegrown and international qucer literary talent. Partnerships are key to eiisuring the diversity, community relevance and vig()ur ot the fL'4tival. l.on8-ierni partners Marlborough Productions, bring unique insights into LGBTQ+ herithge and writing for perfonn8nce: Dr Samuel Solomon (Univ¢piity of Sussex) Imd Dr Vedrana Velickovi¢ (University of Brighti)n) offer the programming ieam encyclopaedic knowledge of the Canoii and contacts, wilh internatioiial institutions and wrilers working ai the culling edge of queer literary praLli¢e; BBC. Radi4) 4 Literature producer. Simon Ri¢hardson and UK publishcrs bring an und¢rslanding of the seLtor and first-hand knowled¥¥ ot publishing highlights tor the coming year. It is an objective of The c.oast is Qiieer to provide a rnre opportunity for LGBT(y- tnter-generationAI inieractions and conversation. A new student curator initiative, introduced in 2023. successfully attracted younger writers and audi¢nces, working and reading outside the confines of printed text, including YouTube, Spoken word and zines. The student curator programm¢. in partnership with the universities. will be maintained in future y¢ars. For m¢ it was super valuuble to have an ¢v¢nt from all generntions because for me as a younger person, it is 80 important to see elderly, happy, and queer people" 2023 Attendee In all. the programming team aim5 to brin8 the best examples of LGBTQ￿ wriling to the festival audiences and deliver the best insights into the writing process. A raft of world-clw writers took to the stagc including Juno Dawson, MAX ljobe, Jamie Raines. Okechukwu Nzelu. Yeleng Mo8kovich, Harry Nicholas, H4rry Woodgate, LaurA KAY and Joelle Tgylor. A highlight of the festival was a panel fealuring members ol. the DVIJKA Collective, young Ukrninian writ¢rs living and writing in exile while publishing new queer writing created iiiside the war zone. "Lov¢d the cn¢rgy, insights, Support and creativity" 202.; Attendee Talent and career development is a growing element of the festival and thi% year included creative m&slercl&sses with Jackle S¢lleey* Lityu Tondeur, Aghhl Zln¢ and Okechukwts ly￿1￿. The work of emer8in8 queer filmmakers was screened in partnership with the Bri, and LGBT(> heritage and arts initiative included Seni Seneveraln¢' "Unknown Soldier" ¢xhibilion. Fundin8 commitments for thr¢¢ years from Arts Council England and Univepiity of Sussex and 5ignifi&gnt in-kind venue SUPPOrt from ACCA has enabled the festival to build on the mom¢nturn of previous years, realising new national and intemalional partnerships while working ever more G105ely with local and student communities, thus laying the groundwork for a promising, vibrnnt future Writer Development ProgrAmme NWS Writer Development Programme airns to support the careers of under-represented writers through a mix of tutor-l¢d and self-directed education activities, writer resid¢n¢ies, community projects and partner 5UPPOrt. l. Ma5terclasses And Publishing Industry Day Page 2 NEW WRITtNG soufH RECISTERED NUMBER: 04318810 PORT OF THE TRLJSI FOR THE YEAR ENDED 31 MARCH 2024 NWS programm¢ of mast¢rcI￿¢S revisd in rc5pons¢ to a survcy of over 2.0(Kl writers at diff¢r¢nt stages of their career in 2023. Th¢ workshop Progrdmrne was Éargeted toward areas of specific demand including LGBTQ-¢entred ¢lasses P¢t The c.oast is Queer festival and environmental writing classes in uiiique outdoor setlings - Alinah Azadeh led a class in the rural Cuckmere Valley and Crnig Jord4n-Baker ran another in urban Brighton. Demand was high for thes¢ excellent courses and funding will be sought to devel op a nature-writing work strand in 2024125. A regular series of online mastercla&s¢s offering writers deep dive into different creative processes, will be introduced on th¥ first Tuesday of every month in 2024125 to meet ongoing demand and extend NWS geographical reach. Complementing workshops and mastcrclasses, NWS piloted a Publishing Induslry Day in Brighton, bringing together some of the IJK'S most progressive. diverst a8ents, publishers and industry professionals lor An inÉensiv¢ day of panels. keynotes and networking opportunities. 14 8peakers shared unique insights and advice with over 120 attendees. Speakers incliided DAvlnlA Andreiv-lJyneh (C.urtis Brown), AmAnde¢p Singh (Thc Good Li￿rary Ageiicy), Mirelll¢ HArper (Bloomsbury), ChrlslillA D¢mostheno$ (Renegade Books), award-winning writer Beth Mlller and KAtle PAck¢r (Orionrfrapeze) who also presented the opening keynote. New Writing South have created a completely refreshing atmosphere which fosters real Connection between the publi4hers and agents of today and authors of tomorrow. An incredibly valuable event for writers, the speakers provided invaliiable iiisight on how to get published. and the mAny traditional and untraditional routes that are now open to us all lo do so." Kalie Packer - Editorial Direclor, TrapL'ze The day-long format was an outstanding ¥ULKess, offering participants acc&%8 io a wide range ot professionals and th¢ rar¢ opportunity to meet and network with peers. Writers described the day as "enlightening, empowerin8, inclusive and liopelul "Molivating and inspirin8. Practical advicc, useful ideas and infomiation. I feel more prepared to pitch ayain I f¢el I have more knowledge of the industry now. so ihal will influenL% how I writejwhere I focus my time and energy Publishing Industry Day attendees The Publishing Industry Day and, new in 2024, 8 Playwrights Industy Day will becom¢ the LenlrepieLe uf Nws'tb ungoing Lommitment lo IhL ¥#reLr develvpm¥nl of M'rit¢rs in the South East. 2. Online Courses New Writii)g Sou¢h's school of self-directed online courses was expandcd to include a memoir course written by Katy m￿￿¢Y. Nature Writing with CrAlg Jordan-BAker and worldbuilding with Tondeur. 'lThe final course in experimental writiny with Jen CMll¢ja was commissioned for release in 2024.25. The onlin¢ course5 offer an accessible mix of free and paid-for courses via NW8 wcbsite, in perpetuity, removtnB the geographical barriers of in-person courses. As with all NWS activities, bursary places are available for low-lncome writers for whom cost might be a barrier. 3. Resldencies and Retreats NWS h&5 partnered for the fourth year with West Dean c.ollege to Create a writing residen¢y scheme for outstanding writers of colour. In 2023. Preti Tanejq and Okechukwu Nzelu each took up a week-long residency on the lovely West Dean campus. The scheme benefits. both the writers and West Dean itself the college aims to attract a more diverse student cohort. Former resident Salena Godden has been awarded an Honi)rary Fellowship and West Dean are now supporting their firsts PhD students of wlour. Following the succ¢55 of this Skn"hem& the focus for residences in 2024125 will be working-class writers. NWS ran a pilot Writers Retreat at Bishop's Lodge. C,rawley with critically acclaimed author Heidi James. Feedb￿k from participants was entirely positive and NWS will explore lower cosl more accessible options for fu ture retreats. 4. Crnwley Writers Page 3 NEW WRITING SOUTH REGISTERED NUMBER: 04318810 REPORT OF THE TRUSTE FOR THE YEAR EIYDED 31 MARCH 2024 YA writer Eve Ainsworth ran a lively on¢-y¢ar programme of career development sessions for working class writers at Crawley Librdry through out 2023124. Writers will continue meeting &8 a peer-l(xl group in 2024. SamAnth8 Johnson led Writlng Around The Kids workshops for writers with young children with Anna Jefferson. online and in person at Crawley Museum, for the third year. Work witli the committed cohort of writers will be expanded in 2024125. 5. MAnuscript Reads NWS worked in partnership with The l.iterary Consultancy to deliver their annual TLC Free Reads scheme for low-income writers. Six writers from the South E&st were offered professiorial feedback on their writing from over 20 submissions. The scheme is offered annually and has been a vital element of p&%t beneficiaries, journey to publication. 6. NW5 Fellows Alumni from previous writer development pro8rammes have joined & Cohort of NWS F,cllows. Fellows have been offered ongoing access to NWS courses and classes and other profe8sional Ilevelopmenl opportunities. They have also been supported lo deliver community projects tor NWS as tuiors, creative menlors and proj¢Yt managers. C,ommunity Projects I'ogether with C,rawley sessions, Anna Jefferson and Samantha John50n deltverL'd Wrltln% Around The Kld8 wurk5hops in partnership with H&stings Museum in 2023124, and a lar¥¢r-S￿le projeLI with Bri8hton Museum and Art tiallery. fUndL￿ by the National kleritage iA)ttery Fund. Inspired by objects ajid storie5 from the museum collection, over 20 writers participating in the Brighton projecl pr(xJuced an exhibition anth()lO￿ ()f their writing. Due to its popularity with the publi¥, the exhibition in ljrighton Mubeum was extended for six addili41nal months. Growing out ot the work with women writ¢rs, NWS will p￿ffier with the Writing Around The Kilts team to deliver the all-new Forthwrite Festival for women writers over 50, in Crnwlcy and Brighton. in early 2025. Tolllng Our Stories, delivered in partnership with RISE domestic abuse charityi 15 a twfryear project biiilding on a 8tory-telling project developed by Sharon Duggal with the Hangleton and Knoll Muliicultural Women's Group. NWS Fellows received addilional training in working in a trauma-informed way with community groups and have gone on lo lead workshops in H&n¥leton 4fftd Knoll and with t he Bengali Womcn's writing group in Brighton L.ibrari¢s. I tound sharing my $tori¢s very comfortablc, I was able to talk in Tny own language kind. Ben8ali. Everyone was really I'elling Our Stories participant Pgrtnershlp5 New Writing South supported a number of partncr organisations to deliver LI￿r devclopment and other opportunities t.or writer5. These included professional panels, writer talks and workshops at CreatiVL Future's Industry Day. Hagtings Litfe5t, Brighton Book Festival, Crawley wordfe.st and the Iniemational Black SpeLulative Writing Festival. at Goldsmith's University in partnership with Sable Press, Spr¢8d The Word and others. supportin8 Brooklyn Rep's new playwright programm¢ and Inscribe's visiting writer scheme, hosting Caribhean writer Yvonne We¢kes workshop in Brighton, and sponsoring the Sussex Prize for short fiction and poetry, NWS is a member of the national network of Writing Development Agencie5 and the Brighton & Ilove Culture Allianc and sits on the Safety for Women in the Arts steering group. Marketing and Communications Writing is a solitary artfom and New Writing South rcmain5 in Llose and ￿gUlar communication with writers through social media and a frequent newsletter to Sustain a sense ot cominunity. Newsletter subscribers decreased slightly from 2392 in 2023 to 2199 in 2024, with a very engaged audience, with 520/0 of our rnders opening emails 'often'. New social media followers were reached across platfomis of choice: Page 4 NEW WRITtNG SOUTH GISTERED NUMBER: 04318810 EPORTOFTHE RUSTEES FOR THK YEAR ENDED IMAR H 2024 Social M¢dia Channel 2022-2023 2023-2024 Facebook 3117 3300 Instagram I405 2199 NWS left Twitter in 2024 due to the increasingly distressing content and contentious attitudes being aired. The comms am aim to reconnect with the 8.00(W subscribers through a new Bluesky platiomi in 2025. 2022-2023 202>2024 16,106 15.208 43,832 50,569 Website Visitors Web Page Views The NWS website Saw a 15.370h increase in pageviews. notwithstanding a sligh¢ (0.50h) in visitors to the site, suggesting marketing is better targeted. generating Stronger engagement. Independent social media channcls are utilised for The Coost 15 Queer in order to reach its larget market. Currently. the festival has 2376 followers on Ins18gram a 920/0 increase since the pr¢viou% year. retlecling thc growing repulatioi) of the festival. FINANCIAI, RFVlkW InAnelAI posltlon llie total income for 2023124 was £181.972 (2022123: £189,454) and lotal expenditure was £186.722 (2021Q3., £165,185). Funds carried forward arc £146,995 of which £15.991 are restricted and £131.004 unrestricted (2022123.. £139,924). A deficit of £4.750 for the year ￿SuIted from activities carried out in 202-, .124 for which inwme was received in the previous financial ye&r. Reserves pollcy rollowing Arts c.ouncil Lngland recommendations and with ihe understanding that New Writing South will necd to invesl in tiiture incomL-g¢n¢rating activities to mitigate for lost inLome. the Re8erv¢' Policy established by the Board in 2021122 will be maintained. The churity has set resLrves at 3 months, (TrpLrating cosls pliis winding up Losls, or approximately £49,000 at the current operating level. An additional £24,501), or 50% of winding up costs, is working cash allocated to cover negative activitie4 R&D, business intemiption and associated costs. Unrestricted reserves were £131.IXH at the end of March 2024. The Free RL8erve after Lksignated Reserve of £73,5(Kl deducted stood al £57.504. The TNstees are of the view that the charity ha5 a solid reserves position and enough incoming resources to cover costs and therefore remain a going concem for the coming 12 months. The Trustees review the policy and pro8re5S towards meeting and maintaining the larget reserve level annually. Page 5 NEW WRtTtNG SOUTH Gl TERED NUMBER: 18810 REPORT OF THE RUSTEKS FOR THE YEAR EIYDED 31 MARCH 2024 FUTURE PLANS Given the economic climate and rising costs, the next few years are set to be knhallenging for the charity and we will need to be responsive and adapt to the new and fast-changing world around us. We are grateful for NPO funding from Arts Council England until 31 March 2027 which will provid¢ relative security and underpins futur¢ fLmdraising efforts. Our vision ot a vibrant. inclusive environment for creative writing that enahles everyone to explorc and create culture will shape the decisions we make to ensure New Writing %outh is. able io produce high quality. inclusive cultural experiences and opportunilics for diverse communities, long into the future. Expanding the scAle and scope of The c.oast is Queer. providing high profile. wri*r-focu&sed professional Indus￿ Days and further developing our work beyond Brighton. ¢S￿la]lY in Crawley and Egstlx)urne, will be key to achieving that vision in the South East. We will us¢ Arts Council England's four Investment Principles a framework for developing (xlr offer to under-represented writets and the company itself. We will continu¢ lo devel(Ip and refine robusl and r¢levant evAluation methodology that infornis futur¢ programming, supports marketing and comms to extend our reach and makes the for the value of the arts, and particularly cr¢ative writin¥. in everyone's life. The new senior management role of Artistic Dir¢ctor, created in 2024, stren¥thened progrnmming and expanded fundruisiiig capacity. New premises in central Brighton have placed NWS at the artistic heart of the city. Lreating new opportunilics for purtncrship working and enabling the team to lake a IL4d iii th¢ culiural lite ot thc region and enabled closer working with the Board. New members have brou8ht vital practical skill% and lived ¢xperiLnce t(> the charity. STRiicfiJRF, GOVERNANCE AND MANAGEMENT Governlng document Thc charity is conlrolled by its goveming d￿uM¢nE a deed of trust. and eonstitutes a limited company, limited by guaraiite¢. as defined by the Companies Act 2006. The company is a chariiy registered with the C.harily Commission, The liability of each Inember is limited lo £1.00, whilst being a m¢mber or within one year after they ce8se to be a member, in the evenl of the company b¥in¥ wound up. Re¢rultment and Appolntment of new trusteeN Meiiibci's of the Bi)ard ure reLruiied for their knowledge of the work of literature and charitable organisations And for their llbilily to contributc to the aims of New Writing South. liecruilment embrnces canvassing amongst arts organisations and contacts and advertising. Board membet3 are the trustees of the registered charity and comprise a max imum of15 persons. who are elected by an ordinary rc8olution of the mcmbcrs of thc company. Thc Board has the POWL'r to appoint dirLLtOTS who hold 0￿1￿¢ until submitted for re-election at the next AGM. The Ch&ir ts elected by the Bowd. Dtrectors ar¢ appointed for a period of three years and may be rg-appointed, subject to provisions in the Articles. Ih¢re were four directors at the balance she date. A further four directors have been reL'ruited in 2023124. A ￿preSentatiV¢ from Arts Council bngland may attend as an ob￿rver. Induetlon and trnlnlng of new trustee8 New d1￿CtOrS are provided with a pack of infomation including the Meniornndum and Articles of Association, the business plan and financial infomiation, mana8¢ment structure and activity progt7mme5. The aim is to enbure that new directors commence with a good understanding of the back8round and the Gurrent issues facing New Writing South. External tratning is offered where this would contribute to understanding of the trustee's roles. Rlsk manY4gement New Writing South maintains a Risk Re8is*r which helps us anticipate risks to the charity. assess their likely impact and pIAn how to mitigat¢ and mana8e them. Risk is monitored quarterly by the Board and the Risk Register is updated quarterly. New Writing South has a Safeguarding Policy which is reviewed on a yearly basis in December. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company numb¢r 04318810 (England and Wale5) Page 6 NEW WRrrtNG SOUTH REGISTERED NUMBER: 04318810 REPORT OF THE TRUSTEES FOR THE YEAR ENDED I MARCH 2024 Registered Charity number 1092533 Reglslered offlee 118 Church Street The Old Courthouse Brighton BNI IUD Tru8t¢es Dr K Massey (resigned 2711112024) Ms P T felix Ms V Veli¢kovi¢ Mr D W Shepp¢ard (r¢sigmcd 141512024) M5 A R Fellow5 (appoiiited 20110120?.3) Ms A L Hayward (appointed 2011012023) Ms A Burtl lappoii)led 11111202.3) Ms M RiLhards (appointcd 111112023) Mr C. L James (uppoinled 2711112024) Compllny 8ecretsry MsLEWood Independent F.xAmlner Dr Shona I,. W&rclrop ('.A. c.hariot House l.imited Chartered AcLoiintanis 44 CJft¥nd Parade Bi'iglilan East SLissex BN2 QQA Iq.1 ILIZLI..,........... Approved by order of the board of trnst¢es on .. . . and yigned on its behalf by: LHay 'I'ws*e Page 7 INDEPENDENT ExA]￿N￿RIs REPORT TO THE TRUSTEES OF W WRITINC SOUTH Endependent examiner's report lo the trustees of New Writing Sollth ('the Company,) I report to the charity trustees on my #xamination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsibl¢ for the preparation of the accounts in accordance with the requirements of the Compani¢s Act 2006 ('the 21106 Act,). Having salisfied myself that the accounts of the Company are not required tsi be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charily's accounis as cHrried out under Section 145 of the Charities Aci 2011 ('th¢ 2011 Act). In carrying oul my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 A¢t. Independent examiner's statement I have completed my examination. l ¢onfimi that no matters have ¢omL to my attention in connection with th¢ cxarnination giving tne cause to believe,. accounting records were noi k¢pt In respect of the Company as required by Section 386 of the 2006 Act, or the accounts do not acwrd with those records; or the ucLounts do not comply with the accounting r¢quireinents of Suction 396 of the 2006 Act other than any requireinent that the accounts give a true and fair view which is not a matter considered as part of an independent exaniination. or the accounts have not been prepared in accordance with the methLNls and principles of the Statement of RecummLiided PrartiGe for accounting 4nd r¢porting by charitlLq (applicable to charitiLS prepariiig their uccounts iij a¢GordanoY with the Trinan¥ial R¢portiiig Stanilard appIl￿bI¥ in the IIK and R6public ol. Ireland (I,'RS 102)). I have no concerns and have come across no other matter5 in conn¢¢tion witli the examination to which attention should be drawn in this report in order to enable a prow understanding of the a￿oUnt8 to be r￿Ched. Dr Shona F Wardrop C.A. The Institute of Chartered Accountants of Scotl8nd c.hariot House Limtted C.hartvred Accouiitants 44 Grand Parade Brighton FAst Sussex BN2 9QA Page 8 NEW WRrrING SOUTH TATEMEiYr F FINAN FOR THE YEAR ENDED IAL AcfiviTIES I MARCH 2024 2024 Total funds 2023 Total fibnds Unrestricted funds Restricted funds Not&s INCOME AND EIYDOWMENTS FROM Donations and legacies 146,479 12,961 159.440 151,145 Ch#ritable #¢tivities C,haritable Activities 22.531 22,531 38,309 Total 169.010 12.961 181.971 189,454 EXPENDITURE ON Ch*rltAble activlties C.hAritsble ActivitiLs 177,931 8,790 186,721 165.185 NET INCOMVJ(EXPENDITURE) (8,921) 4,171 (4.750) 24,269 RF,C.'ONCII.IA'I'ION OF FUNDS .1 0￿1 tunds brou8ht forward 139,925 11,820 151,745 127.476 TOTAL FUNDS CARRIED FORWARD 15.991 146.995 151.745 The notes form part of these financial statements Page 9 NEW WRITING SOUTH GISTERED NUMBER.. 04318810 BALANCE SHEET I MARCH 2024 2024 TOMI funds 2023 Total funds Unrestricted funds Restricted funds Not¢5 CURRLNT ASSETS Debtors c.ash at bank 5.060 151,759 2,828 165,483 135,768 15.991 140.828 15,991 156,819 168.31 C'RCDITORS Amounts. falling du¢ within one year (9,824) (9,824) (16,566) NET CIIRRENT ASSETS 131.004 15,991 146.995 151,745 TOTAL ASSETS LESS CURRENT LIABILITIES 131,004 15,991 146,995 151,745 NET ASSETS 131,00 15,991 146.995 151,745 FUNDS Unrcstricted funds Restricted funds 10 131,004 1.19,925 11,820 TOTAL FUNDS 146,995 151,745 The charitsble ¢ompany is entitled io exemption from audit under Section 477 of th¢ Companies Act 2006 for the year end¢d 31 MarLh 2024. The m¢mb¢rs have not required the wmpany to obtain an audit of its financial statements for the year ended 31 March 2024 in accordaiice with Section 476 of the Companies Act 2006. The trustee5 acknowledge their responsibilities for {a) ensuring that the charitable company keeps accounting r¢¢ords that comply with Sections 386 and 387 of the c.omp￿]1eS Act 2006 and p￿parIng tinancial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficii for each financial year in accordance with the requirements of Sections 394 and 395 and whi¢h otherwise comply with th¢ requirements of th¢ Companies Act 2006 relatin8 to linancial statements., so far as applicable to the charitable company. (b) 'rhese financial statcments have been prepared in accordance with the provisions applicable to charitable companies Subject ts) the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue . and were signed on its behalf by.. on ALH - Trustee The notes fom) part of these financial statements Page 10 NEW WRITING SOUTH NOTES IN FOR THE YEAR ENDED31 MARCH 2024 ACCOUIYTING POLICIES Basis of preparlng the fJngDciwl statements The financial statements of the charitable Company. which is a public benefit entity under FRS 102, hav¢ be prepared in accordance with the Charities SORP {FRS 102) 'Accounling and Rep)rting by Charities.. Statement of Recommended Practice applicable to charities preparing their uccounts in accordance with the Finan¢ial Reportin8 Standard applicable in the IJK and Republic of Irelr¢nLI (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reportin8 Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial stalements have been prepared under the historical cost convention. The charity meets the definition of & public benefit entity as defined by FRSIO2. The financial statements are prepared in storlin& which is the functional currency of the ¢ntity and are rounded to th¢ nearest pound. C.rltl¢81 Judgements Mnd key sourc￿ of es¢lm#tlon uncertainty In tlic application of the charity's accounting policies. tlie charity is required lo Inake judgments, estimate4 and assuniptions about the ¢arrying value of assels and liabilities that arc not readily apparent trom other soufLes. The estimates and associated assumptions are b&sed on historical experience and other factors considered lo be rel¢v8nt. Actuul results may diff¢r from these estimates. There are no estimates and ￿umptIOnS that are considered to havc a Bignificant risk of c&using a mBterial Adjuslments to the tinancial statements in a future period. Income All in¢ome is recognised in the Statement of Financial Activities on¢¢ the charyty has ¢ntitlement to the funds, it is probable that the in¢ome will be rec¢ived ond the amount c8n be m¢￿ured reliably. Expendltu Liabilities are recognised as expenditure Bs soon &s there is a legal or constructive obligation committing the charity to that expendituK it is probable that a transfer of economic benefits will be required in settlement and thL amount of thc obligalion Gan be measureil reliably. Exp¢nditure 1.4 account¢d for on an 8c¢ru&ls basis and h&s been clats5ifi￿ under headings that aggregats all cost related to thL' category. Where costs tyannot be directly attributed to particular headings they have been allocated to activities on a basis consist¢nt with the use of sources. Tan%lble flxed Assets Depreciation 15 provided at the following annual rate5 in order to write off each asset over its estimated useful life, Computer equipment 330/0 on cost T4x&tion The Charity is considered to pas5 the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK Corporation fax purposes. Accordingly the Charity is potentially exempt from taxation in respect of income or Capital g