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2022-03-31-accounts

Reference and Administrative	Reference and Administrative	Details
Trustees' Report			2to9
Independent Auditors'	Report		10to 13
Statement ofFinancial	Activities		14to 15
Balance Sheet			16
Notes to the Financial	Statements		17to 29

			The Poetry Archive	The Poetry Archive	The Poetry Archive
			Reference and Administrative			Details
Trustees			Baroness Morris ofYardley
			Imtiaz Dharker
			Lucy Russon
			Robert William	Scatter - Chair
			Amy Susanna	Walker
			Lavinia Caroline Osborne Singer
			Stephen Cleary
Secretary			Tracey Guiry
Charity Registration		Number	1093858
Company	Registration	Number	04336052
			The charity is incorporated		in	England	and Wales.
Registered	Office		Exeter Phoenix
			Gandy Street
			Exeter
			EX43LS
Auditor			Thompson Jenner LLP
			1 Colleton Crescent
			Exeter
			Devon
			EX24DG
Solicitors:			Bates, Wells and Braithwaite			LLP
Bankers			HSBC Bank pic
			Triodos Bank
			CAF Bank Ltd

					Total
			Unrestricted	Restricted	2022
		Note
income from:
Donations and legacies			9,575		9,575
Charitable activities			109,640	44,928	154,568
Investment income			74		74
Other income			763	758	1,521
Total Income			120,052	45,686	165,738
Expenditure on:
Raising funds			(29,204)	(6,312)	(35,516)
Charitable activities			(98,405)	(40,457)	(138,862)
Total Expenditure			(127,609)	(46,769)	(174,378)
Net expenditure			(7,557)	(1,083)	(8,640)
Net movement in funds			(7,557)	(1,083)	(8,640)
Reconciliation offunds
Total funds brought	forward		93,206	6,074	99,280
Total funds carried	forward	19	85,649	4,991	90,640

					Total
			Unrestricted		2021
Income from:
Donations and legacies			34,071		34,071
Charitable activities			110,076	11,400	121,476
investment income			35		35
Other income			1,626	912	2,538
Total Income			145,808	12,312	158,120
Expenditure on:
Raising funds Charitable activities			(29,010) (96,)90)	~13,033)	(29,010) (109,243)
Total Expenditure			(125,200)	(13,053)	(138,253)
Net income/(expenditure)			20,608	(741)	19,867
Net movement in funds			20,608	(741)	19,867
Reconciliation offunds
Total funds brought	forward		72,598	6,815	79,413
Total funds carried	forward	19	93,206	6,074	99,280

		Balance Sheet as at	31March 2022
				2022	2021
			Note
Fixed assets
Intangible assets			14	10,608	2,016
Tangible assets			15	1,678
				12,286	2,016
Current assets
Debtors			16	1,704	4,670
Cash at bank	and in hand		17	113,419	104,335
				115,123	109,005
Creditors: Amounts		falling due within one year	18	(36,769)	(11,741)
Net current	assets			78,354	97,264
Net assets				90,640	99,280
Funds ofthe	charity:
Restricted income funds
Restricted funds			19	4,991	6,074
Unrestricted	income	funds
Unrestricted	funds			85,649	93,206
Total funds			19	90,640	99,280

3 Income	from donations
		Unrestricted
		funds	Total	Total
		General	2022	2021
Donations	and legacies;
General	donations	613	613	5,439
Patrons		8,962	8,962	3,632
M Pigott	donation			25,000
		9,575	9,575	34,071

				Total	Total
		Unrestricted	Restricted	2022	2021
Arts Council England		108,576	43,678	152,254	108,576
Heritage Lottery Fund					8,400
Poetry by Heart		1,064		1,064
Poetry Screen Project					1,500
TSEliot			1,250	1,250	3,000
2022 Income from charitable	activites	109,640	44,928	154,568	121,476
2021 Income from charitable	activites	110,076	11,400	121,476
5 Investment income
		Unrestricted
		funds	Total		Total
		General	2022		2021
Interest receivable and similar	income;
Interest receivable on bank	deposits		74	74	35

6 O	ther	income
			Unrestricted
					Total	Total
			General	Restricted	2022	2021
Fees	and	supplies	763	758	1,521	2,538

				Total	Total
		Unrestricted	Restricted	2022	2021
Direct costs
Cost ofrecordings		5,218	19,480	24,698	13,714
Cost ofwebsite		12,360		12,360	14,270
Subcontractor costs		9,150	12,300	21,450	14,051
Grants payable			6,250	6,250	6,250
Cost ofraising funds		29,204	6,312	35,516	29,010
Overheads
Rent and rates		2,403	1,793	4,196	4,285
Travelling expenses		353	112	465	81
Training costs		750		750	2,257
Other oftice costs		245		245	757
Telephone and computer		1,626	373	1,999	1,623
Bank charges and interest		336		345	445
Other staff costs		55,079		55,079	48,274
Professional fees		8,433	140	8,573	7,771
Amortisation		1,008		1,008	1,008
General expenses		1,444		1,444	707
Total expenditure	2022	127,609	46,769	174,378	138,253
Total expenditure	2021	125,200	13,053	138,253

					Unrestricted
					funds	Total	Total
					General	2022	2021
Audit fees
	Audit ofthe financial		statements		4,032	4,032	3,840
					4,032	4,032	3,840
9	Net incoming/outgoing			resources
Net (outgoing)/incoming				resources for the year include:
						2022	2021
Audit fees						4,032	3,840
Amortisation		ofintangible		fixed assets		1,008	1,008

The aggregate payroll costs were as follows:
	2022	2021
Staffcosts during the year were:
Wages and salaries	77,200	70,916
Social security costs	4,215	3,364
Pension costs	1,813	1,678
	83,228	75,958

2022	2021
No	No

12 Auditors'	remuneration	remuneration
			2022	2021
Audit ofthe	financial	statements	4,032	3,840

14 Intangible fixed assets
	Website	Total
Cost
At 1 April 2021	3,024	3,024
Additions	9,600	9,600
At 31 March 2022	12,624	12,624
Amortisation
At 1 April 2021	1,008	1,008
Charge for the year	1,008	1,008
At 31 March 2022	2,016	2,016
Net book value
At 31 March 2022	10,608	10,608
At 31 March 2021	2,016	2,016

15 Tangible fixed assets
	Computer
	equipment	Total
Cost
Additions	1,678	1,678
At 31 March 2022	1,678	1,678
Depreciation
At 31March 2022
Net book value
At 31March 2022	1,678	1,678
At 31 March 2021	1,678	1,678

16 Debtors
				2022	2021
Trade debtors				133	150
Prepayments				1,571	4,436
Accrued income					84
				1,704	4,670
17 Cash and cash	equivalents
				2022	2021
Cash at bank				113,419	104,335
18 Creditors: amounts		falling due within	one year
				2022	2021
Trade creditors				3,659	1,366
Other taxation and	social	security		2,385	1,915
Other creditors				733	619
Accruals				8,060	7,841
Deferred income				21,932
				36,769	11,741
				2022	2021
Resources deferred	in the period			21,932
Deferred income at	year end			21,932

										Balance at
					Balance at 1	Incoming	Resources			31March
					April 2021	resources	expended		Transfers	2022
Unrestricted	funds
General
General Funds					93,206	120,052		(117,001)	(36,616)	59,641
Designated
Website depreciation				fund				(1,008)	11,616	10,608
M Pigott fund								(9,600)	25,000	15,400
								(10,608)	36,616	26,008
Total unrestricted			funds		93,206	120,052		(127,609)		85,649
Restricted funds
Obsidian	(ACE)					43,678		(44,252)		(574)
TSEliot					5,224	1,250		(1,375)		5,099
Poetry by	Heart				850	758		(1,142)		466
Total restricted		funds			6,074	45,686		(46,769)		4,991
Total funds					99,280	165,738		(174,378)		90,640
					Balance at 1		Incoming	Resources		Balance at31
					April	2020	resources	expended		March 2021
Unrestricted	funds
General
General Funds						72,598	145,808		(125,200)	93,206
Restricted
Garfield Weston			Foundation			3,305			(3,305)
TSEliot						3,000	3,000		(776)	5,224
Heritage Lottery			Fund				8,400		(8,400)
Poetry by	Heart					510	912		(572)	850
Total restricted		funds				6,815	12,312		(13,053)	6,074
Total funds						79,413	158,120		(138,253)	99,280

20 Anal	y	sis ofnet assets betw	een funds
						Total funds
			Unrestricted			at 31March
			funds	Designated	Restricted	2022
						f,
Intangible		fixed assets		10,608		10,608
Tangible		fixed assets	1,678			1,678
Current	assets		94,158	15,400	5,565	115,123
Current	liabilities		(36,195)		(574)	(36,769)
Total net		assets	59,641	26,008	4,991	90,640
						Total funds
			Unrestricted			at 31March
			funds	Designated f	Restricted	2021f
Intangible		fixed assets	2,016			2,016
Current	assets		102,931		6,074	109,005
Current	liabilities		(11,741)			(11,741)
Total net		assets	93,206		6,074	99,280