WRITING ON THE WALL LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Company Registration No 04675589 Charity Registration No. 1098868
WRITING ON THE WALL LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31$T MARCH 2024 The trustees are pleased to present their annual report for the yaar ended 31 $1 March 2024. The financial statements have been prepared in accordan with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published {FRS 1021 effective 1st January 2019. OBJECTIVES AND ACTIVITIES Writing on the Wall Limited {WoW) organises and promotes an annual programme of events that culminates in a Liverpool-based festival. The annual Writing on the Wall festival features local, national. and international writers, artists, historians, and musicians who engage local communities and broader audiences to celebrate writing, diversity, tolerance, storytelling and humour through creativity, conlroversy, inquiry and debate. Writing on the Wall focuses on writing that empowers where storytellers give and receive strength through telling. Writing on the Wall promotes both individual and collective creativity. Publi¢ Benefit Statement In considering the objectives and activilies, the Trustees have considered the Charity Commission's guidance on Public Benefit to ensure that the organisation is meeting its Public Benefit requirements. ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR & PLANS 2023-2024 has been a year of transfomialion for Writing on the Wall (WoW}. Not only has the organisation cemented its role as a leader in arts and commLtnily engagement within the Liverpool City Region (LCR), but Wow has also made remarkable strides on national and international fronts. Our ftagship projects-such as WOWFEST, Pulp Idol, and the Dorothy Kuya Archive Project-have continued to amplify underrepresented voices and address pressing social issues through artistic and cultural expression. This year, alongside the continued success of our core programmes, Wow has introduced crucial developments in volunteer involvement, digital slrategy, and capacity building. As we near our 25th anniversary in 2025, we remain committed to fostering creativity. promoting inclusion, and advancing social change through the arts. We look foNard lo an even more ambitious future whilst staying grounded in our mission of making art accessible to all and amplifying marginalised voices. Awards and Recognitions The recognition of Wow's work continues to grow. This year, Wow has been honoured with several accolades, further demonstrating the impact of our projects and initiatives on both individuals and communities, including.. 'Preparing for Work Award,: Our Write to Worf( project was celebrated at the Liverpool City Region Culture and Creativity Awards. Since 2019, this project has supported over three hundred unemployed residents, providing them with the tools. skills, and confidence needed to transition into employment, education or further training. The success of this programme reflecls Wow's dedication to improving lives Ihrough creative and educational opportunities. Finalist for the 'People's Choice Award,: Wow was shortlisted for this prestigious award at the same event. This recognition speaks volumes about the influence Wow has had on the local community and its contributions to the broader cultural landscape of the region. Partnership of the Year Award.. Our collaboration with the Liverpool School of Tropical Medicine (LSTMI for the ReCITE project was celebrated at the LSTM Staff Awards.
WRITING ON THE WALL LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 ST This project. which addresses health inequities through creative storytelling and community engagement, is a testament to Wow's commitment to using the arts as a vehiGle for social justice, diversity, and inclusion. WOWFEST: Class of '23 WOWFEST, Wow's annual literary festival, has continued to grow both in size and impact. In 2023, the festival's theme, Class of '23, invited participants to explore the intersections of class, Culture and identity. The month-long festival hosted thirty events in venues across Liverpool, drawing a total of 1,467 attendees. Through a wide range of events panel discussions, readings, perfomiances and more - WOWFEST 2023 brought together local, national and inlernational voices to explore urgent social, cultural and political issues. WOWFEST 2023 offered a broad array of events that reflected the diversity and richness of contemporary cultural discourse. From poetry readings and book launches to walking tours and live perfomiances, the festival's programming captured a wide spectrum of volS and perspectives. Headline events included: Michael Rosen.. Celebrated poet, author and political activist, Michael Rosen delivered a talk on societal change. His reflections on Ihe role of class in shaping political and cultural landscapes resonated deeply with attendees. Rosen's presence at the festival underscored Wow's dedication to using literature as a platform for critical social commentary. Linton Kwesi Johnson.. Johnson. a renowned poet and political activist, celebrating the release of his work in a new Penguin edition, shared his thoughts on culture, politics and poetry. Gary Younge.. Renowned journalist and author, Younge headlined an event titled Dispatches from the Diaspora, which focused on the complexities of migration identity. and belonging. One standout event, How Many More Women? focused on women's rights and the legal system, featuring prominent voices such as human-rights lawyer Keina Yoshida, criminologist Betsy Stanko, and sexual assault survivor and author Winnie M Li. This session ignited important conversations around gender justice and the legal frameworks Ihat shape the experiences of women globally. Another notable event was the Future in Flames outdoor gathering at the Sefton Park Bandstand. This event blended eco-poetry, acoustic performances and activist speeches to bring attention to the global environmental crisis. It exemplified Wow's commilment to tackling pressing global challenges through the arts. Participant Engagement and Diversity One of the most significant achievements of WOWFEST 2023 was its ability to engage a wide range of participants. A significant 36.1 % of attendees were from Black, Asian and minority ethnic backgrounds, with 11 % of the total attendees identifying as Black African or Caribbean and 40/0 identifying as Asian. 290/0 of the audience considered themselves lo have a disability or to be neurodivergent. This diverse audience composition highlights the festival's success in making its programming accessible and relevant lo a broad spectrum of individuals from diverse cultural and socio-economic backgrounds. This detailed diversity breakdown demonstrates WOWFEST'S commitment to inclusion and to ensuring Ihat voices from all corners of society are represented. Black History Month 2023 {BHM23> Wow's Black History Month 2023 {BHM23) programming was an integral part of Liverpool's citywide Black History Month celebrations. Supported by the Liverpool City Council's City Fund, Wow's BHM23 events offered a platform for both established and emerging Black voices.
WRITING ON THE WALL LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 ST The programme celebrated Black creativity, heritage and achievements. fostering dialogue on important historical and contemporary issues. Key events during BHM23 included.. Malik Al Nasir.- This event featured an in-depth exploration of Liverpool's historical ties to the Transatlantic slave trade, a topic of profound relevance to the city's cultural memory. The event brought a spotlight to the legacies of slavery in Liverpool and emphasised the Importan of continuing to address historical injustices. Taylor Dior Rumble.. This session featured an engaging discussion of The Situationship, an emerging publication by Merkey Books. This event showcased Wow's ongoing commitment to amplifying Black literary voices. particularly those of emerging authors. Leroy Cooper Photography Workshop.. Led by Levi Tafari, this workshop honoured the artistic legacy of Leroy Cooper, a trailblazing Black photographer from Liverpool. The workshop not only celebrated Cooper's work but also provided a space for participants to engage with photography as a medium of creative expression. Nine of Wow's 15 Black History Month events were linked to year-round projects, including three important walking tours that engaged local Gommunities with Liverpool's Black history. The Great War to Race Riots Tour, the Eric Lynch Memorial Tour and the Dorothy Kuya Walking Tour provided participants with rich historical insights. These tours drew forty-eight attendees, including 241500/0) from Black and minority ethnic groups. Pulp Idol Pulp Idol, Wow's annual literary competrtion, continues to be one of the North of England's most significant platforms for discovering new writing talent. This year's Gompetition attracted a record 105 submissions, breaking previous records and demonstrating the growing interest in creative writing in the region. The competition culminated in the Pulp Idol Grand Final at Liverpool's Royal Court Theatre Studio in January 2024. The event was a full-house success, attracting one hundred attendees and showcasing the exceptional talent of this year's finalists. Competition Highlights Champion: Kevin Chadwick was crowned Pulp Idol's 2023 Ghampion. His work stood out for its originality and compelling storytelling. Runners-up.. Dan Howarth and Mack Young were recognised for their remarkable literary contributions. Both finalists have gone on to secure opportunities for their work to be published, fvrther affirming the value of Wow's commitment to nurluring emerging talent. Participant Diversity Pulp Idol's participant base continues to reflect Wow's commitment to inclusion. 300/0 of this year's 8ntranls identified as Black, Asian or from minority ethnic communities. This representation was mirrored in the compelilion's judging panel, which featured prominent writers such as Ashleigh Nugent, author of Locks, and other Pulp Idol alumni who served as mentors to participants. Write to Work Wow's Write to Work programme, now in its fifth year, has continued to be transformative for unemployed and economically inaclive residents in Liverpool. Since its inception, the projeGt has provided participanls with essential skills and a renewed sense of confidence, enabling Ihem to transition into employment, education or further training.
WRITING ON THE WALL LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 ST 2023-2024 Highlights= Sixty participants completed Write to Work courses this year, with 30 % identifying as Black and ethnic minority. This continued diversity among participants reflects Wow's commitment to making its programmes accessible to all. Wow introduced new boot camp-style workshops to increase accessibility. These hybrid (in- person and online} sessions allowed 314 participants to register for the programme. with 87 (280/0) from Black and minority ethnic backgrounds. The move toward hybrid learning has been particularly impactful, allowing Wow to reach an even broader audience and to make the programme accessible to those who may not be able to attend in person. At tho end of 2023, the European Social Fund {ESF}, which had previously funded the programme, came to an end. Wow was part of a sucSsful partnership. Paths to Prosperity, that won a three- month extension through the UK Shared Prosperity Fund (UKSPF), from January to March 2024 while also winning funding to continue the programme from April 2024 to March 2025. Creative Heritage Programme The Creative Heritage Programme remains a vital part of Wow's mission to preserve and promote Liverpool's Black and working-class heritage. The programme continued its success through a variety of initiatives in 2023-2024. including the Dorothy Kuya Archive Project and Leroy Through the Lens. Dorothy Kuya Archive Project The Dorothy Kuya Archive Project remains one of Wow's most celebrated initiatives. This projecl, which catalogued the extensive archive of the late Dorothy Kuya, a prominent Black activist in Liverpool, has been recognised as one of the National Archives, ten exemplary case studies. The archive, now fully accessible to the public at National Museums Liverpool (NML), continues to serve as a rich resource for understanding Liverpool's Black history and the broader fight for racial equality in the UK. Key project outputs in 2023-2024 include: Fourteen community workshops, including a four-week educational course exploring Dorothy Kuya's life and work. A highly successful Intemational Women's Day event, featuring a zine-making workshop, a 'living library, of Black female activists and a pop-up feminist library drawn from the archive. The proj&ct also included the production of a podcast series exploring Dorothy Kuya's legacy, featuring interviews with key figures such as Stephen Small, Mark Christian and Jeremy Corbyn. The podcast, which received widespread acclaim, has been instrLsmental in expanding the reach of the archive to new audiences. In July 2023, a final lebratiOn event was held at Ihe Museum ofLiverpool, attracting 150 attendees, 48 (320/.} of whom were from Black and minority ethnic communities. The event featured poetry performances, speeches from community leaders and reflections on the project's legacy. Leroy Through the Lens Following the passing of renowned Liverpool photographer Leroy Cooper, Wow partnered with National Museums Liverpool to deliver a series of workshops Gelebrating his artistic legacy. Led by spoken word artist Levi Tafari, these workshops culminated in a Celebration event that featured perfonnanGes from workshop participants.
WRITING ON THE WALL LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 ST Spoken Word Power Now in its third year, Wow's Spoken Word Power project continues to inspire young people across the Liverpool City Region. In 2023-24, the programme involved 190 students from six local schools culminating in a World Poetry Day SLAM al the Unity Theatre on 21 March 2024. The evenl provided a platform for 34 young performers, including nine from minority ethnic backgrounds, to share their work with an audience of peers, teachers and community members. Participants worked closely with professional poets such as Jess Green, Blue Saint and Claire Beerjeraz to hone their skills and develop their own unique voices. The event was not only a celebration of the power of spoken word poetry but also a demonstration of the transformative impact that creative expression can have on young people. Canning Dock Project The project is now at the stage where Asif Khan Architects have presented design cOnptS. Wow and tho other creative partnerships took part in a session where we contributed a series of ideas for the potential use of the space for programming creative activities. This work feeds into the next stage ofthe bidding and funding process to draw down the monies forthe major stage of the physical build of the development at Canning Dock. In partnership with National Museums Liverpool, Wow also participated in the Canning Dock Flash Fiction Writing Competition. This initiative invited local residents to explore the history and future of Canning Dock through short stories. The competition altraGted 56 submissions and culminated in a celebration event during Black History Month at the Museum of Liverpool. The competition was judged by Levi Tafari, who selected a winner and two runners-up. The event provided an important opportunity to reflect on Liverpool's maritime and BlaGk hislory, highlighting the city's deep-rooted connections to both the Transatlantic slave trade and contemporary global issues. What's Your Story? Wow continued its What's Your Story? project in 2023-24, collaborating with PSS Liverpool to deliver creative writing workshops for parents of young children accessing PSS services. The project ran two separate groups - one for mothers and one for fathers - giving participants the opportunity lo explore their experiences of parenthood through creative writing. Culture Liverpool: Frontllne Services & Liverpool Enhanced Protection Programme Wow's collaboration with Culture Liverpool continued in 2023-24 with the publication of Stay and Bahind the Mask, two anthologies that captured the experiences of frontline workers during the COVID-19 pandemic. These anthologies were parl of the Liverpool Enhanced Protection Programme, an iniliative that highlighted Ihe creative resilience of workers and communities impacted by the pandemic. It's No Joke As part of the It's No Joke project, Wow also delivered workshops addSsing sexism and misogyny in the workplace. These workshops, led by professional artists and writers such as Blue Saint. Jess Green and PJ Smith (Roy), engaged local workforces in crilical discussions about workplace safety and equality. The project resulted in the creation of five short films, which will be launched in 2024. Eric Lynch Memorial Project In October, Writing on the Wall organised the Eric Lynch Memorial Walking Tour for year 6 students from St Vincent's Primary School. Eric Scotl Lynch was a Liverpool-born historian and activist who spent decades educating people about the city's links to the slave trade.
WRITING ON THE WALL LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 He began conducting slavery tours in the 1980s, taking school children, adults, students and visitors around the city to show them the many buildings and institutions that were paid for from the money made from the slave economy. We are currently working with Eric's son, Andrew and local trades unions, to organise a memorial writing compelition for children. Jess Green Book Launch Wow organised and hosted the launch of Jess Green's new poetry collection Dressed As Love at Unity Theatre on 1 st February. Arts For Peace- To Gaza With Love Arts for Peace To Gaza With Love was a community initiative in Liverpool that included a silent walking vigil with peace dove lanterns and a poetry perf0rrnan. The event was organised by the Lantern Company and Wow in partnership with the Liverpool Arab Arts Festival, Amina Atiq, Liverpool Irish Festival, Squash Liverpool, Mandela 8, First Take and Africa Oyé. Publishing In 2023-2024, Wow published sixteen new books and e-books across various projects - such as Write to Work, Pulp Idol and What's Your Story. and commissions. We published four Write lo Work anthologies and e-books (featuring 84 new writers), fmo What's Your Story anthologies and e-books (featuring 14 new writers}, e1ve Pulp Idol finalists and two commissions totalling 112 new diverse, working-class writers published in 2023-2024. As we move forward to 2024-2025, Wow are developing our publishing distribution network and expanding our publishing catalogue. In 2024-2025, we will publish the debut satirical novel by acclaimed joumalist Brian Reade, the second volume in The Diary of the Smyth-waileys series, a memoir Reflections of a Mudman and two books documenting the impact of the thalidomide scandal on one family by former Liverpool Lord Mayor Gary Millar. as well as arlthologies throughout the year from our projects. Feedback from audiences and project participants: WOWFEST: Class of'23 "Michael Rosen's event was a deeply moving and thought-provoking experience. His insights on class and culture weTr both timely and powerful." "Linton Kwesi Johnson s words were mesmerising. His ability to challenge the audience to think critically about politics and art was both inspiring and impacfful." Walking Tours "The walking tours gave me a new persp8¢tive on Liverpool's history. It's so important that these stories a told." Black History Monlh 2023 'BHM23 was a beautiful celebration of Black history and creativity. I left feeling inspired and connected to n7y community." Pulp Idol °Pulp Idol gave me the confidence to take my writing to the next level. The support fmm Wowand the judges was invaluable." Write to Work "This course gave me the tools and Confiden to pursue a carear in writing. I feel more empowered and focused on my future."
WRITING ON THE WALL LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 ST Dorothy Kuya Project "This project has given me a new perspective on thè importance of archiving and preserving history." Spoken Word Power "Perfomiing my poetry in front of an audience was the best feeling. Spoken Word Power has given me a new level of confidence." What's Your Story PSS.. "I never thought I could wn.te like this. This project has been a lifeline for me." "Being part of this gmup has given me a nevv way to connect with my children and share my story." It's No Joke "This project helped me rethink how we approach sexisn7 in our workplace. It's an important conversation we all need to have. Conclusion The past year has been one of remarkable growth and achievement for Writing on the Wall. Our projects have continued to empower communities, amplify underrepresented voices, and foster critical conversations around identity. creativity, and social change. As we look to the future, we remain committed to nurturing creativity, promoting diversity, and building stronger, more inclusive communities through the power of arts and culture. FINANCIAL REVIEW Total income for the year was £810,355 (2023.. £536,417) of which £67,425 (2023- £87,482) related to funding for projects upon which restrictions are placed. Total expenditure for the year was £581,072 (2023: £527,953), leaving a surplus for the year of £229,283 {2023: surplus £8,464}. At 31. March 2024 the charitable company reserves stood at £697,95912023.' £468,676} of which £28,30912023.' £10,509) represented restricted funds and £309,275 (2023- £415,881) represents designated funds. Risk Management The truslees examined the major risks that the charitable company faces each year and have developed and continue lo develop syslems to monitor and control these risks to mitigate any impact that they may have on the charity both now and in the future. Writing on the Wall are currenly negotiating a new lease on their office premises, with the Landlords, Liverpool City Council. Reserves Policy It is the policy of the charitable company to mainlain unrestricted funds, which are free reserves at a level to cover redundancy provision, lease commitment5, Staff training, festival and six months. running costs should no further funding be reived. As at the end of the financial year the unrestricted funds totalled £669,650 less designated funds for projects of £309,275 the balance of unrestricted reserves £360,375. The charitable company requires £29.375 for redundancy provision, £1,000 lease requirement, £13.176 for the festival and £265.724 for six months running costs, (total £309,275} included as a designated reserves see note 10andnote 11.
WRITING ON THE WALL LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The trLtstees plans for the balance of the unrestricted reserves are to employ additional staff, celebration of Wow 25th distribution neork. anniversary, finding permanent premises, developing our publishing Plans for the Future As we look ahead to 2024 and beyond, Writing on the Wall is focused on several key priorities that will allow us to continue expanding our impact.. 1. Staffing.. We plan to expand our team to ensure that we have the capacity lo deliver an ever- growing programme of projects and initiatives. 2. 25th Anniversary Celebrations: In 2025, Wow will mark its 25th anniversary with a series of high-profile events. These celebrations will include expanded programming and new partnerships, highlighting the impact that Wow has had over the past quarter-century. 3. Permanent premises.. We are in ongoing discussions to secure a pennanent home at Edge Hill/Lodge Lane Library. a vital space for community-focused creative work. 4. Funding= We are in discussions with Arts Council England to secure additional funding for our 25th anniversary celebrations, as well as potential capital funding for Edge Hill Library. STRUCTURE, GOVERNANCE AND MANAGEMENT The organisation is a charitable company limited by guarantee, incorporated on 24th February 2003 (Company number 04675589}, and registered as a charity on 5th August 2003 (Charily number 1098868). The company was established under a Memorandum of Association which established the objects and powers of the Gompany and is governed by its Articles of Association dated 201h February 2003. The Charity's Board of Trustees are also its Directors. The members are elected by Annual General Meetings (AGM) of Ihe members of the Charity. with casual vacancies being filled, as required, by the Board of Trustees in accordance with the Charity s Articles of Association. The Board meets regularly throughout the year and attends to all strategic and operational matters. Trustee Recruitment: The board will regularly idenlify skill gaps and recruit when to the Board. creating spectfications and role description. Opportunities will be advertised through our mailing contact and various networks including Liverpool Charity and Voluntary Service. City of Liverpool College, and Merseyside Literalure Partnership. Adverts will explicitly state that the board welcomes applications from under- represented groups. The trustees may at any time cop1 any person duly qualified to be appointed as a trustee to fill a vacancy in their number or as an additional Trustee, but a co-opted Trustee holds office only until the next AGM. Equality and Diversity In the planning and delivery of our activities, issues of inclusion, diversity, access. and equality are at the forefront of our thoughts. The organisation ensures that all venues used are aCSsible, that publicity is targeted at relevant groups where necessary, and that all aspects of the events are welcoming and inviting, and that where possible we offerways to support people attending, including childcare, translation and BSL signing. Wow was rated as Outstanding by Arts Council England for ils diverse artistic programming in this period, programming that attracts and diverse audiences and participants.
WRITING ON THE WALL LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 Our festival evaluations are an indication of the success of our work in engaging 'hard to reach, communities and is a clear representation of how Wow is perceived as an inclusive, acSsible organisation. Writing on the Wall's Board of Trustees are a diverse, multi-di5ciplinary, committed and motivated team, highly regarded in their respective sectors and disciplines and drawn from Ihe social economy, secondary education, higher education, private and community sectors. Their combined skillsets and experience allow Wow and the annual festival to develop to its current position. We have recently brought on two trustees to increase the diversity of the board. The Trustees meet bi- monthly, with a programme of dates planned throughout the year. The Co-Direclors attend all meetings. There is an annual AGM. Minutes are taken at each meeting and circulated within one week of the meeting. Board papers are prepared and cirGulated one week in advance of meetings. An annual away day is held with board and staff to review progress and discuss proposals and aclivities for the year ahead. The Trustees attend the annual Creatives Meeting we hold with our partners, writers, artists, volunteers and communities. The Trustees are: Stuart Borthwick. published author and academic at Liverpool John Moores University with background in inter disciplinary cultural studies. Penny Feeny, best-selling author, formerly on boards of Liverpool Everyman Playhouse and Brouhaha International. Lisa Mcmullan, Director for Development and Consullancy for The Women's Organisation, qualified social accountant and auditor. Robyn Donaldson coordinates The Sunday Times Short Story Prize, founder of 'Other's Day, and published author. Paul Amann, Policy Officer at Liverpool City Region Combined Authority, founder of the first official Liverpool Pride and Kop Outs, LGBT+ fan group for Liverpool Football Club. Emy Onuora, author of Pitch Black= The Story of Black British Footballers and co-author of Great War to Race Riots. Equalities officer for Liverpool City Combined Authority. REFERENCE AND ADMINISTRATIVE DETAILS Name Writing on the Wall Limited 04675589 Company number Charity number Registered office 1098868 Windsor Street Library Windsor Street Liverpool L8 1XF Board of Trustees The Board of Trustees who are also its directors. Members are elected by Annual General Meetings of the members of the council in accordance with the Articles of Association. P Amann Dr S Borthwick R Donaldson P Feeny L Mcmullan E Onuora Trustees 10
WRITING ON THE WALL LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 ST Secretary Independent Examiner Ms M Heneghan Mrs Ying Huang, ACCA clo LCVS 151 Dale Street, Liverpool, L2 2AH Bankers Barclays Bank plc 48B & 50 Lord Street Liverpool L2 1TD Sign behalf of the Board of Trustees orthwick, Chair and Trustee Date
WRITING ON THE WALL LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES Company law requires the truslees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the trustees should follow best practice and: select suitable accounting policies and then apply them consistently. observe the methods and principle in the Charities SORP. make judgements and estimales that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue as a going concern. stale whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The financial statements have been prepared in accordan with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published {FRS 102) (effective 1 $1 January 2019}. By Order of the Board MSMH neghan Company Secretary Windsor Street Library Windsor Street Liverpool L8 1XF Date.. 12
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WRITING ON THE WALL LIMITED I report on the accounts of the charitable company for the year ended 31st March 2024, which are set out on pages 14 10 30. The trustees {who are also the directors of the company for the purposes of company lawl are responsible for Ihe preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the 2011 Act, to follow Ihe procedures laid down in the general Directions given by the Charity Commission {under section 145(5){b) of the 2011 Act, and to state whelher particular matters have come to my attention. My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideralion of any unusual ilems or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as lo whether the aGGounts present a 'true and fair, view, and the report is limited to those matters set out in the statement below. Res eGtive res onsibilities of trustees and examiner Basis of inde examiners re endent ort In connection with my examination, no matter has come to my attention.. {1) which gives me reasonable cause to believe that in, any material respect, the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006., and to prepare accounts which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Acl 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting Charilios have not been met., or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Inde endent examiner's statement Name: Mrs Ying Huang Relevant professional qualification or body- ACCA Address.. clo LCVS 151, Dale Street, Liverpool, L2 2AH Dated..
WRITING ON THE WALL LIMITED STATEMENT OF FINANCIAL ACTIVITIES {including Income & Expenditure) ST THE YEAR ENDED 31 MARCH 2024 Notes Unrestricted RestriGted Funds Funds 2024 2024 Total 2024 Total 2023 Income and endowments from: Donations and legacies Charitable activities Investments 78,509 661,562 2,859 78,509 728,987 2,859 79,825 455,970 622 3b 67,425 Total Income 742,930 67,425 810,355 536,417 Expenditure on: Charitable activities 531,447 49,625 581,072 527,953 Total expenditure 531,447 49,625 581,072 527,953 Net income movement In funds 211,483 17,800 229,283 8,464 Reconciliation of funds: Total funds brought forward 10,11 458,167 10,509 468,676 460,212 Total funds carried forward 9-11 669,650 28,309 697,959 468,676 The notes on pages 17 to 30 forrr part ofthese accounts. All the above amounts relate to continuing activities of the charitable company. 14
WRITING ON THE WALL LIMITED ST BALANCE SHEET AS AT 31 MARCH 2024 Company Reg No: 04675589 Notes Fixed assets.. Tangible fixed assets Intangible fixed assets 31st March 2024 31¥t March 2023 6,944 2,000 20,588 3,000 Current assets: Stock Debtors Bank and cash balance 8,944 23,588 4,774 62,042 635,596 13,648 26,741 415,529 702,412 455,918 Current liabilities: Creditors= amounts falling due within one year 113,397) (10,830) Net current assets 689,015 445,088 Total assets lass current liabilities 697,959 468,676 Funds Unrestricted funds Restricted income funds 10, 11 10, 12 669,650 28,309 458,167 10,509 697,959 468,676 These financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies, regime and in accordance with FRS102 SORP. For the period covered by these accounts the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company lo obtain an audit of ils accounts for the year in question in accordance with section 476 of the Companies Act 2006. The trustees. who are the directors of the company, acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. Appr by the Board on ..g.Q6......lol4Énd signed on their behalf by: Dr S Borthwick, Chair and Trustee Date . 15
WRITING ON THE WALL LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2024 Notes 31°, March 2024 Cash flows from operating activities Cash generated from operations 31st March 2023 16 220,067 26,888 Invastlng activities Purchase of tangible fixed assets {606} Net cash (used in) investlng activities (606) Net cash generated from financlng aGtivities Net increase in cash and cash equivalents 220,067 26.282 Cash and cash equivalents at beginning of year 415,529 389,247 Cash and cash equivalents at end of year 635,596 415,529 Represented by: 31" March 2024 st 31 March 2023 Cash at bank and in hand 635,596 415,529 16
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ST 1. LIMITED LIABILITY The Charity is a company limited by guarantee. Each member's liability is limited to £1. 2. ACCOUNTING POLICIES Basis of Ac¢ounting The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless othewise slated in the relevant notels) to these accounts. The financial statements have been prepared in accordan with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Star)dard applicable in the UK and Republic of Ireland published (FRS 102} effective 1 Sl January 2019. The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded lo the nearest £. Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that the charitable company has adequate reserves to continue in operational existence for the foreseeable future. The Trustees are confident that the levels of liquidily and free reserves will not affect the charity's operations. Thus, the Trustees continue to adopt the going conrn basis of accounting in preparing the accounts. Fund accounting Unrestricted funds are the Charitable Company's free reserves available for the trustee5 to apply in accordan with the charitable company's charitable objectives. Restricted funds are subject to specific restrictive conditions imposed by the donor. All restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund. Income recognition All income is recognised once the charity has entitlement to the income, there is sufficient certainty of receipt and $0 it is probable Ihat the income will be received, and the amount of income re1vable can be measured reliably. Donations and legacies comprise of donations and general grants which are recognised in the accounts when received, with the exception of known legacies which are accounted for when their receipt is certain. Income from charilable activities is recognised on an accrual's basis except for grants receivable, which are recognised on the date on which their unconditional payment is confirmed by the donor. Income from investment relates to bank interest received and is recognised when the amount is certain. Expenditure recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charitable company to that expenditure, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. All expenditure is a¢Gounted for on an accrual basis. All expenses, including support costs and governance costs, are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the reslrictions, as specified by the donor.
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$1 MARCH 2024 Expenditure on charitable activities relates to the operation of the charity comprising of direct charitable expenditure to meet Ihe objectives of the charitable company. Support and governance costs relate lo the management and operation of the organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Financial Activities when payment has been approved by the charitable company. Stock Stock comprises books produced by the charitable company. The value of the stock is held at net realisable value as some books are given away for free whilst others are sold. Tangible Fixed Assets Capital expenditure of £500 and above is stated in the balance sheet at cost less accumulated depreciation. Depreciation is provided to wrtte off the cost of each asset over its expected useful life as below: Equipment Fixtures & Fittings Computers & Equipment Intangible Fixed Assets Capital expenditure is treated as a fixed asset and amortised to write off each asset over its estimated useful life as follows. Website 339/0 per annum straight line basis 25 /0 per annum reducing balance basis 33 /0 per annum straight line basis 20 % per annum straight line basis Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheel when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances. are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangemenl constitutes a financing iransaction, where the transaction is measured al the present value of the future receipts discoLfnted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 18-
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$t MARCH 2024 Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Critical accounting estimates and judgements In Ihe application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about Ihe carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other faclors that are considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the year in whiGh the estimate is revised where the revision affects only that year, or in the year of the revision and future years where the revision affects both current and future years. Taxation Income and gains are exempt from taxation as they are re1V&d and applied for charitable purposes only. The charitable company benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tax on income or gains falling within those exemptions. 3. Donations and endowments from Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 a Donations and legacies Donations Arts Council England 437 78,072 437 78,072 700 79,125 78,509 78,509 79,825 Donations and legacies income for 2023 related wholly to unrestricted fund. 19
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 Unrestricted Restricted Funds Funds 2024 2024 Total Funds 2024 Total Funds 2023 b. Charitable activities Arts Council England - Year of Writing Book and Bar sales Box office income Commissions and sales ESF Community Grant - Next Chapter Garfield Weston Foundation Granada Foundation Liverpool City Council - Culture Arts Inveslment Programme Liverpool City Region Combined Authority Mayors Fund Paul Hamlyn Foundalion Pilgrim Trust- Archives Revealed Sponsorship Youth Endowment Fund 4,597 4,298 6,773 9,148 4,746 644,116 350,469 7.971 4,298 9,148 644,116 20,000 20,000 2.000 20,935 20,935 22,382 1,670 26,490 26,490 29,000 19,862 6.500 4,000 4,000 661,562 67,425 728,987 455,970 Income from charitable activities in 2023 comprised £368,488 for unrestricted funds and £87.482 related to restricted funds. Unrestricted Funds 2024 Restricted Funds 2024 Total Funds 2024 Total Funds 2023 c. Investments Bank Interest 2,859 2,859 622 Investments Income for 2023 related wholly to unrestricted fund5. 4. Expendlture on Charltable Activities Direct Charitable Expenditure Support & Governance Costs Total 2024 Total 2023 The provision of festivals, events, and activities to promote the art and practise of writing 417,134 163,938 581,072 527.953 -20-
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 Analysed as follows.. Direct charitable &xpenditur&.' Staff salary costs Pension Artists costs Distribution Tutor5 Equipment Project materials Venue hire Volunteer expenses Website costs Print and design Publicity and marketing costs Travel expenses 2024 2023 217,781 8,098 53,409 265,112 7.304 70.160 440 28,377 2,146 1.931 5,400 4.525 188 30,778 3.801 1,423 53,356 329 813 27,745 8,402 221 29,268 15,463 2,249 417.134 421,585 2024 Support & governance costs Staff salary costs Pension Office running Costs Insuran Rent and rates HR Support Legal costs Bank charges Community support Donation Sundry Consultancy fees Staff expenses Training Subscriptions and licences Trustees, expenses Loss of disposal of tangible fixed asset Finance support HMRC interest Payroll fees Accountancy Amortisation Depreciation 2023 53,363 2,443 3,144 1,023 5,400 5,580 163 139 460 63,326 1,743 5,857 986 102 1,500 683 5,931 6,643 429 36,636 11,538 22.263 1,984 539 1,353 304 2,387 576 1,352 1.000 12,291 165 2,641 591 1,200 1,000 13,571 163,938 106,368 Total expenditure on charitable activities 581,072 527,953 21
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 £49,625 (2023: £162,274) of the above expenditure relates to restricted funding. b. Staff cost 2024 2023 Salaries Social security costs Pension costs 251,466 19,678 10,541 304.786 23,652 9,047 281,685 337,485 c. Particulars of employees The average number of employees during the year 8.00 {2023'. 11.92}, and calculated on the basis of full-time equivalents, was as follows.. Charitable activities 2024 7.55 2023 12.4 No employee received emoluments of more than £60,000 during the year. The Trustees are not remunerated for their services and are not included in the above number of employees. Out-of-pocket expenses were reimbursed to one trustee in the year £181 {2023-. 2 trustees £1651. 5. Tangible fixed assets Equipment Computer Equipment Fixtures & Fittings Total Cost Brought forward at 1$1 April 2023 Additions during the year Disposals during the year 30.627 16,776 6,531 53.934 (2,5001 {1,018) (5,949) (9,467) Balance at 31. March 2024 28,127 15,758 582 44,467 Accumulated Depreciation Brought forward at 1 st April 2023 Charge for the year Disposals during the year 15,546 9,282 {2,500) 12,720 2.941 (1,018} 5,080 33,346 68 12,291 (4.596) (8,114) Balance at 31st March 2024 22,328 14,643 552 37,523 Net Book Value at 31$t March 2024 5,799 1,115 30 6,944 Net Book Value at 31ts1 March 2023 15,081 4.056 1,451 20,588 22-
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 6. Intangible fixed assets Website Cost Brought forward at 1 St April 2023 Additions Total 5,000 5,000 st Balance as at 31 March 2024 5,000 5,000 Accumulated Amortisation Brought forward at 1" April 2023 Charge for the year 2,000 1,000 2,000 1,000 St Balance as at 31 March 2024 3,000 3,000 Net Book Value at 31" March 2024 2,000 2,000 Net Book Value al 31st March 2023 3,000 3,000 7. Stock Stock comprises books produced by the charity. to be sold or given away for free. 2024 2023 Stock 4,774 13,648 8. Debtors 2024 2023 Debtors Prepayments 61,335 707 26,072 669 62,042 26,741 9. Creditors: amounts falling due within one year 2024 2023 Accruals Tax and social security Pension 1,841 9,910 1,646 3,124 7,706 13,397 10.830 -23-
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 10. Analysis of Net Assets between Funds 2024 Tangible Fixed Assets Intangible Net Current Fixed Assets Assets Total Unrestricted Funds General Fund Arts Council England 6,875 30 353,470 360,345 30 Designated Funds Designated Reserves 309,275 309,275 6,905 662,745 669,650 Restricted Funds Arts Council Recovery Fund ESF Community Grant- Next Chapter Garfield Weston Foundation Liverpool City Council - Festival Enhancement Programme Mayors Fund 2,000 2,000 39 39 20,000 20,000 1,353 1.353 4,917 4,917 39 2,000 26,270 28,309 Total funds 6,944 2,000 689,015 697,959 -24-
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$t MARCH 2024 2023 Tangible Intangible Net Current Fixed Assets Fixed Assets Assets Unrestricted Funds General Fund Arts Council England Total 17,745 859 23,682 41,427 859 Designated Funds Designated Reserves L8 Archive Project Liverpool City Region National Museum Liverpool 281,878 281,878 9.696 9,696 22,024 22,024 102,283 102,283 18,604 439,563 458,167 Restricted Funds Arts Council Recovery Fund ESF Community Grant- Next Chapter Liverpool City Council - Culture Arts Investment Programme Liverpool City Council - Festival Enhancemenl Programme National Lottery- Reaching Communities Paul Hamlyn Foundation Violence Reduction Partnership Arts & Culture 3,000 3,000 239 239 140 140 1,412 1,412 97 97 5,525 5,525 96 96 1,984 3,000 5,525 10,509 Total funds 20,588 3,000 445,088 468,676 -25-
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$t MARCH 2024 11. Unrestricted Funds Movements in the year Income Expenditure Transfer of funds Reserves at Beginning of year 2024 Reserves at end of year General Fund Arts Council England 41,427 859 570,516 78,072 (318,543) {78.901) 66,945 360,645 30 Designated Funds Designated Reserves L8 Archive Project Liverpool City Region National Museum Liverpool 281,878 9,696 22,024 102,283 27,397 309,275 19,696) (22.024 (102,283) 94,342 (94,342) 458,167 742,930 (531,447) 669.650 Movements in the year Income Expenditure Transfer of funds Reserves at Beginning of year 2023 Reserves at end of year General Fund Arts Council England 258,465 252,526 2,181 79,126 (276.285} (193.279) {80,448) 41,427 859 Deslgnated Funds Designated Reserves L8 Archive Projecl Liverpool City Region National Museum Liverpool 88,599 11.041 14,625 193,279 281,878 9,696 22,024 102,283 (1,3451 {7,601) 15,000 102,283 374,911 448,935 (365,679) 458,167 General Fund is used to finance the charitable company's general activities as outlined in the Trustees, Report. Arts Council England- Contribution towards festival and core costs Designated Funds Designated Reserves- Contribution lowards the redundancy provision and three months, running costs and lease commitments. L8 Archive Project - For the delivery of the L8 Archive Project Liverpool City Region - For the delivery of Different Voices Shared Lives. National Museum Liverpool - For the delivery of Ihe Dorothy Kuya Archive Project. Transfer of funds - Movement of the designated reserves, transfer profit to core funds 26-
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 12. Restricted Funds Movements in the year Income Expenditure Reserves at Beginning of year 2024 Reserves at End of year Arts Council Recovery Fund ESF Communily Grant- Next Chapter Garfield Weston Foundation Liverpool City Council - Culture Arts Investment Programme Liverpool City Council - Festival Enhancement Programme Mayors Fund National Lottery- Reaching Communities Paul Hamlyn Foundation Violence Reduction Partnership Arts & Culture 3,000 {1,000) (200) 2,000 239 39 20,000 20,935 20,000 140 (21,075) 1,412 (59) (21,573} (97) (5,5251 (96) 1,353 26,490 4,917 97 5,525 96 10,509 67,425 (49,625) 28,309 -27-
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 Movemenls in the year Income Expenditure Reserves at Beginning of year Reserves at End of year 2023 Arts Council England - Cultural Bridge Arts Council England - Year of Writing Arts Council Recovery Fund Catalyst Small Grants ESF Community Grant- Next Chapter Granada Foundation Liverpool City Council- Culture Arts Investment Programme Liverpool City Council Culture Liverpool Liverpool City Council - Festival Enhancement Programme Liverpool City Region Combined Authority National Archives National Lottery- Reaching Communities Paul Hamlyn Foundation Pilgrim Trusl Violence Reduction Partnership Arts & Culture 9,437 (9,437) 4,597 (4,597} (1,000) (14) (8,171) (2,0001 122,584) 4,000 14 3,000 439 7,971 239 2.000 342 22,382 140 15,038 (15,038) 1,882 (470> 1,412 1,670 (1,670) (10,000) {218) (60,937} (25,9241 (214) 10,000 315 97 37,462 6,062 29,000 19,862 5,525 310 96 85.301 87,482 (162,274) 10,509 Description of Funds These are monies given to the charitable company to be spent at the discretion of the Board of Trustees for specific charitable purposes, as follows.. Arts CounGiI, England, Cultural Bridge -contribution towards 'Staging the Hidden Words, project. Arts Council England, Y8ar of Writing - Contribution towards Liverpool Year of Writing. Arts Council Recovery Fund - to help face the challenges of the Coronavirus pandemic and to ensure Wow has a sustainable future. Catalyst Small Grants- Contribution towards salary, consultancy, training, and equipment ESF Community Learning Grant - Next chapler - Contribution to project to support writers and artists career development. Garfield Weston Foundation - Contribution towards Wow young Writers programme, Volunteers programme and core costs Granada Foundation - ContribLttion towards 'Writers on Readers, project -28-
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$t MARCH 2024 Liverpool City Council, Culture Arts Investment Programme - To support Wow's capacity to deliver the annual programme of events, activities, and festivals. Liverpool City Council, Culture Llverpool - Contribution towards 'What's Your Story. projects for the Clinically Extremely Vulnerable and frontline workers. Liverpool Clty Council, Festival Enhancement Programme festival. Contribution towards annual Liverpool City Reglon Combined Authority - Contribution lowards 'Generation for Change, projecl. Mayors Fund Contribution to Black History Month Festival for Wow and for external commissions. National Archives - Contribution towards a Positive Action Traineeship for L8 Archive National Lottery, Reaching Communlties - Contribution towards 'Writers Bloc, project. Paul Hamlyn Foundation - Contribution towards Super Heroes Words are our Power!, schools- based project. Pilgrim TrusUNational Archives- Contribution towards 'Archives revealed, L8 Archiv8 project. Violence Reduction Partnership Arts & Culture - Wow Young Writers - Match funding to help develop Wow Young Writers 13. Operating Lease Commitments The only financial commitment is three-month notice payment of rent of £1,000. (2023.. notice £1.000) 14. Related Party Transactions There were no material related party transactions during the year which require disclosure (2023- none). 15. Guarantees As at 31st March 2024, 6 members had given a guarantee of £1 each in the event of the company winding-up. Total.. £6 {2023.' 6 Members Tolal.. £61 -29-
WRITING ON THE WALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31$t MARCH 2024 16. Cash generated from operations. 2024 2023 Surplus for the year 229,283 8,464 Adjustments for: Depreciation Amortisation Loss on disposal of tangible fixed asset 12,291 1,000 1,353 13,571 1,000 2,641 Movements in worklng capital: Decreasellincrease) in stocks IlnGrease)Idecrease in debtors Increasel(decreasel in creditors 8,874 {35,301) 2,567 (1,743) 4,190 (1,235) Cash generated from operations 220,067 26,888 -30-