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2023-03-31-accounts

Reference and Administrative	Reference and Administrative	Details
Trustees' Report			2 to 7
Independent Auditors'	Report		8 to 11
Statement ofFinancial	Activities		12to 13
Balance Sheet			14
Notes to the Financial	Statements		15to 28

			Reference and Administrative	Reference and Administrative	Reference and Administrative	Details	Details
Trustees			Robert William	Scatter - Chair
			Imtiaz Dharker
			Lucy Russon
			Amy Susanna	Walker
			Lavinia Caroline Osborne		Singer
			Stephen Cleary
			Ben Murray
Secretary			Tracey Guiry
Charity Registration		Number	1093858
Company	Registration	Number	04336052
			The charity is incorporated		in	England	and Wales.
Registered	Office		Exeter Phoenix
			Gandy Strcct
			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

The trustees	and officers serving	during	the year and since the	year end were as follows:
Trustees:			Robert William Scatter	- Chair
			Baroness Morris ofYardley (resigned 6October 2022)
			Imtiaz Dharker
			Lucy Russon
			Amy Susanna Walker
			Lavinia Caroline Osborne Singer
			Stephen Cleary
			Ben Murray (appointed	13December 2022)
Secretary:			Tracey Guiry

					Total
			Unrestricted	Restricted	2023
		Note
Income from:
Donations and legacies			10,343		10,343
Charitable activities			110,946	49,222	160,168
Invcstmcnt income			580		580
Other income			1,831	797	2,628
Total Income			123,700	50,019	173,719
Expenditure on:
Raising funds			(25,085)	(730)	(25,815)
Charitable activities			(95,448)	(47,280)	(142,728)
Total Expenditure			(120,533)	(48,010)	(168,543)
Net income			3,167	2,009	5,176
Net movement in funds			3,]67	2,009	5,176
Reconciliation offunds
Total funds brought	forward		85,649	4,991	90,640
Total funds carried	forward	19	88,816	7,000	95,816

					Total
			Unrestricted	Restricted	2022
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

				2023	2022
			Note
Fixed assets
Intangible assets			14	7,334	10,608
Tangible assets			15	1,119	1,678
				8,453	12,286
Current assets
Debtors			16	4,136	1,704
Cash at bank	and in hand		17	92,989	113,419
				97,125	115,123
Creditors: Amounts		falling due within one year	18	(9,762)	(36,769)
Net current	assets			87,363	78,354
Net assets				95,816	90,640
Funds ofthe	charity:
Restricted income funds
Restricted funds				7,000	4,991
Unrestricted	income	funds
Unrestricted	funds			88,816	85,649
Total funds			19	95,816	90,640

3 Incom	e from donations
		Unrestricted
		funds	Total	Total
		General	2023	2022
Donations	and legacies;
General	donations	5,187	5,187	613
Patrons		5,156	5,156	8,962
		10,343	10,343	9,575

				Total	Total
		Unrestricted	Restricted	2023	2022
Arts Council England		108,576	29,222	137,798	152,254
Poetry by Heart					1,064
The Full English		2,370		2,370
Garfield Weston Foundation			20,000	20,000
TSEliot					1,250
2023 Income from charitable	activites	110,946	49,222	160,168	154,568
2022 Income from charitable	activites	109,640	44,928	154,568

			Unrestricted
			funds	Total		Total
			General	2023		2022
Interest receivable	and similar income;
Interest receivable		on bank deposits	580		580		74

			Unrestricted
					Total	Total
			General	Restricted	2023	2022
Fees	and	supplies	1,831	797	2,628	1,521

				Total	Total
		Unrestricted	Restricted	2023	2022
Direct costs
Cost ofrecordings		14,218	15,654	29,872	24,698
Cost ofwebsite		12,271	6,028	18,299	12,360
Subcontractor costs		6,900	5,400	12,300	21,450
Grants payable					6,250
Cost ofraising funds		25,084	730	25,814	35,516
Overheads
Rent and rates		4,776		4,776	4,196
Travelling expenses		129	194	323	465
Training costs			2,300	2,300	750
Other office costs		354	94	448	245
Telephone and computer		2,359	806	3,165	1,999
Bank charges and interest		352		352	345
Other staff costs		36,053	]6,084	52,137	55,079
Professional fees		11,641	720	12,361	8,573
Depreciation and amortisation		5,233		5,233	1,008
General expenses		1,163		1,163	1,444
Total expenditure	2023	120,533	48,010	168,543	174,378
Total expenditure	2022	127,609	46,769	174,378

			Unrestricted
			funds	Total	Total
			General	2023	2022
Audit fees
Audit ofthe financial		statements	4,234	4,234	4,032
Other governance	costs		70	70
			4,304	4,304	4,032

Net incoming	/(outgoing) reso	urces for the year include:
			2023	2022
Audit fees			4,234	4,032
Depreciation	and amortisation	offixed assets	5,233	1,008

11 Staffcosts The aggregate payroll costs were as follows:
	2023	2022
Staffcosts during the year were:
Wages and salaries	72,884	77,200
Social security costs	2,013	4,215
Pension costs	1,430	1,813
	76,327	83,228

2023	2022
No	No

				2023	2022
Audit	ofthe	financial	statements	4,234	4,032

14 Intangible fixed assets
	Website	Total
Cost
At 1 April 2022	12,624	12,624
Additions	1400	1 400
At 31March 2023	14,024	14,024
Amortisation
At 1 April 2022 Charge for the year	2,016 4,674	2,016 4,674
At 31March 2023	6,690	6,690
Net book value
At 31March 2023	7,334	7,334
At 31March 2022	10,608	10,608

15 Tangible fixed assets
	Computer
	equipment	Total
Cost
At 1 April 2022	1,678	1,678
At 31March 2023	1,678	1,678
Depreciation
At 1 April 2022
Charge for the year	559	559
At 31 March 2023	559	559
Net book value
At 31 March 2023	1,119	1,119
At 31 March 2022	1,678	1,678

16 Debtors
				2023	2022
Trade debtors				932	133
Prepayments				3,204	1,571
				4,136	1,704
17 Cash and cash equivalents
				2023	2022
Cash at bank				92,989	113,419
18 Creditors: amounts		falling	due within one year
				2023	2022
Trade creditors				1,500	3,659
Other taxation and	social security			1,208	2,385
Other creditors					733
Accruals				7,054	8,060
Deferred income					21,932
				9,762	36,769
				2023	2022
Deferred income at 1 April 2022				21,932
Resources deferred	in the period				21,932
Amounts released from previous			periods	(21,932)
Deferred income at	year	end			21,932

							Balance at
			Balance at 1	Incoming	Resources		31March
			April 2022	resources	expended	Transfers	2023
Unrestricted funds
General
General Funds			59,641	123,700	(100,459)	(1,400)	81,482
Designated
Website depreciation		fund	10,608		(4,674)	1,400	7,334
M Pigott fund			15,400		(15,400)
			26,008		(20,074)	1,400	7,334
Total unrestricted	funds		85,649	123,700	(120,533)		88,816
Restricted funds
Obsidian (ACE)			(574)	29,222	(28,648)
Garfield Weston Foundation				20,000	(14,263)		5,737
TSEliot			5,099		(5,099)
Poetry by Heart			466	797			1,263
Total restricted funds			4,991	50,019	(48,010)		7,000
Total funds			90,640	173,719	(168,543)		95,816

								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
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