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