Registered in England Charity No. 1110725 Company No. 05242876
NATIONAL CENTRE FOR WRITING
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 8 |
| Audit Report | 9 - 12 |
| Statement of financial activities | 13 |
| Balance sheet | 14 |
| Statement of cash flows | 15 |
| Notes to the financial statements | 16 - 35 |
NATIONAL CENTRE FOR WRITING
COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCORPORATING A DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report and financial statements for the year ended 31 March 2022.
Reference and administrative information
| Registered charity name | National Centre for Writing |
|---|---|
| Charity number | 1110725 |
| Company number | 05242876 |
| Date of registration | 27 September 2004 |
| Registered address | Dragon Hall |
| 115 - 123 King Street | |
| Norwich | |
| NR1 1QE | |
| Trustees | Mr A Waters (Chair) |
| Ms P Henderson (Chair) - (resigned 9 December 2021) | |
| Professor S Barrow | |
| Ms I Dixon | |
| Dr C Gribble | |
| Mr J Slinger | |
| Ms H Wilson | |
| Mr A J Yuill | |
| Ms C McCormick | |
| Ms N Nannar | |
| Ms C M Little (appointed 9 December 2021) | |
| Mr J McGinnis (appointed 9 December 2021) | |
| Key Management | Dr C Gribble - CEO |
| A McFarlane | |
| D Barrass | |
| A Kent | |
| P Hughes | |
| A Salmon | |
| Company Secretary | Mr D Barrass |
| Auditor | Price Bailey LLP |
| Anglia House, 6 Central Avenue | |
| St Andrews Business Park | |
| Thorpe St Andrew | |
| Norwich | |
| NR7 0HR | |
| Bankers | National Westminster Bank plc |
| 45 London Street | |
| Norwich | |
| NR2 1HX | |
| Solicitors | Mills and Reeve |
| 1 St James Court | |
| Whitefriars | |
| NR3 1RU |
Page 1
NATIONAL CENTRE FOR WRITING
COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCORPORATING A DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
Objectives and activities
National Centre for Writing's objects are to promote, encourage and develop creative writing as an artistic and cultural tool and to educate the general public in the appreciation of the written word in all its forms. It was initiated as a partnership between Arts Council England East, The City of Norwich, The County of Norfolk and the University of East Anglia.
National Centre for Writing’s vision is to be a centre for national and international literary exchange in a world class UNESCO City of Literature. It is our mission to establish the National Centre for Writing at Dragon Hall as a creatively distinctive, nationally networked and financially resilient centre of excellence that delivers benefits to writers, literary translators, the literature sector and our physical and digital communities from an outstanding Grade 1 Listed campus in the heart of Norwich, England’s first UNESCO City of Literature.
Public benefit
The trustees confirm that they have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities National Centre for Writing should undertake.
The trustees confirm that they have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities National Centre for Writing should undertake. The National Centre for Writing runs a varied programme of activities that covers artistic development for writers, educational work using creative writing to explore issues around freedom of expression, identity and aspiration, and local, regional, national and international work that explores the social and artistic power of creative writing and literature. Many of the programmes are free and we work hard to ensure that all our programmes are diverse, accessible and affordable (where payment is necessary).
We measure our success through five headline strategic aims:
Aim 1: To create opportunities for writers and literary translators and support a diverse and vibrant literary ecology.
Aim 2: To increase the range and depth of opportunities to participate in and benefit from creative writing, reading and literary translation.
Aim 3: To improve the cultural, social and economic ecology of Norwich, UNESCO City of Literature and the New Anglia Local Enterprise Partnership region helping create a more attractive place to live, work and visit.
Aim 4: To improve the viability and long-term sustainability of the organisation.
Aim 5: To be an effective, inclusive, viable and accountable organisation.
These aims are detailed in our business plan and we report against headline targets for each aim over the course of our current business plan (2018-22). Our targets cover:
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Increasing the number and diversity of writers/literary translators we support.
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Increasing the amount of work we commission.
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Ensuring the quality of work we deliver is consistently high.
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Increasing and diversifying our audience(s) and the participants in our programmes.
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Reflecting the diversity of our country in our workforce, governance, programmes and activities.
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Increasing the visibility of Norwich as a centre of excellence and a UNESCO City of Literature.
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Ensuring our funding base is diverse and resilient.
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Reducing as far as possible our environmental impact.
In light of the challenges of COVID-19 and the changes it has imposed on our work, we are looking at refining these measures for the future.
Page 2
NATIONAL CENTRE FOR WRITING
COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCORPORATING A DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022
Achievements and performance
2021-2022 has continued to be an interesting and challenging year for us and peers in the creative sector, with continuing global and local challenges occasioned by COVID, Brexit, the cost of living, and more. In spite of this, NCW has had a hugely productive 12 months, and learned a lot as we’ve come back together as an organisation, an operating venue, and as a team, delivering against of our key aims of art, learning and place.
Art:
2021-22 enabled us to get back into our building and to start delivering events and programmes in person again. It has been great to get back into the building and to start re-engaging with the audiences around us.
However, having successfully rescoped most of our existing programmes to online delivery in 2020, and having created increased opportunities for access to our activity via digital means, we didn’t want to leave valuable new audiences without access to our work. So our programme for 2021-22 retained a hybrid approach, with some elements remaining completely online, some taking place in person but having additional or catch-up digital capture or broadcast, and some offering an in-person option as well as a separate digital option.
In total, we supported over 350 artists, across a diverse range of programmes including talent development, in festival and event appearances, residencies both virtual and in person, and workshops and podcast interviews. We commissioned 174 pieces involving 184 artists. Highlights include:
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⚫ the Harriet Martineau lecture delivered by Ellah P. Wakatama and broadcast as a visual score devised by Julian Knxx.
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⚫ ‘Weather with You’, in which we commissioned Abir Mukherjee, Derek Owusu and Kerri ní Dochartaigh to reflect on these very strange times and the impact on their work.
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‘Translating Science’, a partnership with the Norwich Research Park, we paired 7 writers and 7 early career science researchers to see what impact they would have on each other, and to share more
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⚫ widely in words the ground-breaking work being done across scientific discipline here on our doorstep
Inn Crowd, our partnership with Creative Arts East and Applause, shape-shifted and continued to tour
- ⚫ new work to rural locations despite our network of pub venues being severely impacted by the pandemic
Our three year ‘International Literature Showcase’, a partnership with the British Council, came to its conclusion with a digital symposium taking place across 4 days, with 45 literature professional delegates from 20 countries. Over the life of this programme, we showcased 50 writers selected by 5
- ⚫ high profile writer curators (Elif Shafak, Jackie Kay, Val McDermid, Owen Sheers and Kei Miller) to thousands of online viewers, Guardian readers via a press campaign, and London Book Fair and festival attendees
We supported two Associate Artists, Jay Bernard and Khairani Barokka (Okka). Jay collaborated with sound artist Mwen to produce ‘Tombland’, an immersive online soundscape inspired by residency at Dragon Hall. Okka worked on a new non-fiction piece, several written commissions, launched her
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⚫ poetry collection and podcast. Of the experience Mwen said: ‘We as artists were able to be in that space and be vulnerable in that space and to be creative in that space, that might have been the firsttime bodies like ours, faces like ours, creatives like us, could do that.’
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⚫ The Desmond Elliott Prize, £10,000 and a bespoke package of support, was awarded in July 2021 to A.K. Blakemore for The Manningtree Witches
Page 3
NATIONAL CENTRE FOR WRITING
COMPANY LIMITED BY GUARANTEE TRUSTEES' REPORT (INCORPORATING A DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022
Learning:
We supported over 6,000 students in formal and informal learning environments, from key stage 2 in school contexts, to adult online and in person settings, in programmes such as ‘A Life Written’ for older people to explore life writing, to many and international writers as part of our creative writing online portfolio. We created opportunities to engage with creative writing for wellbeing, to explore specific themes and genres and identities (LGBTQ+ groups, older people, people in recovery from addiction, our local Bengali community), and shared space opportunities for people to write together in Dragon Hall.
Achievements and performance continued
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Our online learning programmes continued to see increased demand during the lockdown period, with
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⚫ 100% attendance across many of our courses. A selection of our in-person workshops remained online and experimented with hybrid delivery, enabling us to reach participants across the UK and beyond.
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15 young people from across Norfolk continued to meet throughout the year as the 2021 Lit from the
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⚫ Inside cohort. During their time with us they enjoyed creative sessions in podcasting, event programming, book reviewing, and produced a zine of writing produced during their time on the programme.
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NCW delivered three cohorts of the Collaboration Place Change (the cultural leadership professional
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⚫ development programme for Norfolk & Suffolk). The programme was rescheduled and rescoped to enable online delivery. During 2021/22 the ‘Emerging Leaders’ programme commenced online with 20 participants. An extension will enable the programme to continue into a 4th year.
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Our ‘NCW Platform’ programme enabled us to forge a new relationship with local partners New
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⚫ Routes, to build a programme of creative writing and storytelling for groups of Refugee and Asylum seekers, including young women and families new to Norwich.
Place:
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Our international work picked up a pace as travel became possible again, but we retained a digital
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⚫ residency offer to cater to writers and translators unable to physically join us. The cottage saw visits from poet Yvette Siegert, storyteller Shagufta Sharmeen Tania, translator Mattho Mandersloot, and others.
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⚫ We digitally attended the annual UNESCO Cities of Literature meeting which was physically hosted in Reykjavik.
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⚫ We delivered Noirwich Festival of Crime Writing in partnership with UEA, for a 7th and – for us – final time. The festival continues under the leadership of UEA.
Financial review
Total income amounted to £1,506,415 (2021: £1,225,227) and, after incurring expenditure of £1,696,296 (2021: £1,293,791), the funds decreased by £189,881 (2021: decreased by £68,564 ). Unrestricted funds increased by £27,447 (2021: decreased by £17,865) and restricted funds decreased by £217,328 (2021: decreased by £50,699). At 31 March 2022 unrestricted funds totalled £1,867,927 (2021: £1,840,480) and restricted funds £341,731 (2021: £559,059).
Reserves policy
The trustees have established a policy whereby free reserves held by the charity should represent three months of total overheads, which amounts to approximately £150k. They consider that this level of reserves is required to cover the charity's full range of activities and obligations. The reserves policy is discussed at each board meeting. Free reserves, represented by unrestricted funds less designated funds and fixed assets, amounted to £200,445 at 31 March 2022. Restricted fund balances excluding fixed assets amounted to £341,731. Designated funds amounted to £1,635,381 being the Strategic Reserve and the Fixed Asset Improvement Fund.
Page 4
NATIONAL CENTRE FOR WRITING
COMPANY LIMITED BY GUARANTEE
TRUSTEES' REPORT (INCORPORATING A DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022
Going concern
The COVID pandemic and its aftermath were clearly felt across our operations and programme in 21/22 but did not cast as deep a shadow as in the previous 12 months.
We were fortunate to receive additional Covid-related grant support from Norwich City Council and used this and the funds granted in the previous year to tailor our programmes, support core activities and explore new options for our development.
We followed HMG’s advice on opening and closing the venue in accordance with Covid regulations and were pleased that by the end of the financial year, the building was fully operational and open to our audiences and communities once again.
FY21-22 saw us secure the FY22-23 extension funding to our National Portfolio Organisation status with Arts Council England, and shortly after the year ended, we submitted our application to remain in the ACE Portfolio between 2023 and 2026. At the end of October 2022 we received notification that our bid to remain as an NPO funded organisation for the three financial year periods 23/24 to 25/26, was successful.
Central to the NPO 23-26 planning has been revising our business model considering COVID and the changing economic conditions. We made a successful bid to ACE’s Small Capital fund to undertake some physical and digital development work over FY22-24 that will enable us to welcome more and more diverse audiences into the building and to refine our digital infrastructure to reduce barriers to participation and increase artistic and financial resilience. We are revising our taught programmes to streamline the offer and increase its impact on our bottom line. We undertook EDI, community consultation and governance work to ensure we remain resilient and sustainable for the coming years.
Principal funding sources
The principal funding sources for the charity are currently by way of grant income from Arts Council England East, University of East Anglia, Norwich City Council and Norfolk County Council.
Plans for future periods
Our 22-26 Business Plan is titled ‘Changing the Story’ and is designed to ensure that we thrive artistically, financially and creatively over the coming years. We will begin capital and digital development work in the autumn of 2022 to open up three spaces in the building for community groups and visitors, and we will begin work in April 2023 on the Geoffrey Watling Room to ensure it becomes a functioning and well-used writing studio.
Our commitment to talent and enterprise development for early career writers and translators will remain key to our programmes. We will increase our focus on community engagement and co-creation through a range of programmes and projects with identified community partners. We will launch our new Community Advisory Board in 22-23 and maintain our commitment to community consultation and development.
We have set challenging but achievable commercial aims around the uses of the Dragon Hall spaces and will roll out a new brand and marketing strategy in 2022-23 to help us achieve and surpass these targets.
Page 5
NATIONAL CENTRE FOR WRITING
COMPANY LIMITED BY GUARANTEE
TRUSTEES' REPORT (INCORPORATING A DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2022
Structure, governance and management
Governing document
National Centre for Writing is a charitable company limited by guarantee, incorporated on 27 September 2004 and registered as a charity on 4 August 2005. The company is governed by its Memorandum and Articles of Association as amended on 22 June 2005, 24 April 2006, 3 June 2008, 3 March 2009 and 7 June 2011. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and appointment of trustees
The charity aims to recruit trustees with a wide range of business and sector experience from which the charity will benefit. It is intended to increase the number of trustees to not more than 12 as suitable candidates become available. The quorum is set at six.
Trustee induction and training
New trustees are provided with copies of:
• The Memorandum and Articles of Association
• The latest accounts of the charity and are encouraged to read Charity Commission guidance notes CC3 - "The Essential Trustee: What you need to know, what you need to do"
New trustees are invited to visit the offices of the National Centre for Writing to meet all staff and project workers and to learn more about the day to day running of the organisation. In addition, trustees are encouraged to read Charity Commission and other newsletters and to attend courses designed to keep them abreast of their duties and responsibilities.
Risk management
Our principle strategic risks relate to our five strategic aims as an organisation:
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Art: Failure to maintain high quality standard of artistic programme and audience development as we come out of capital programme. We will mitigate this by ensuring strong vision, mission and aims. Ensuring success measures in place to monitor and evaluate to determine impact and success. Ensuring we have the capacity and skills to programme and deliver.
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Learning: Failure to develop a strong learning and participation programme and engage with the communities of interest and place identified in our strategies. We will mitigate this by ensuring strong vision, mission and aims. Ensuring success measures in place to monitor and evaluate to determine impact and success. Ensuring we have the capacity and skills to programme and deliver.
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Place: Failure to embed our aims, activities and partnerships within key local, regional and national strategies. We will mitigate this working with key partners in our City, LEP Region, Arts Council and sector nationally and internationally to maintain the presence of NCW and Norwich.
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Sustainability and Viability: Dependency on key stakeholder income. Loss of or reduction in key stakeholder income. Failure to secure sufficient contributed project funding due to increased competition for trusts and foundation funding and the unknown risks surrounding EU funds. Not securing commercial income levels due to insufficient commercial hires. We will mitigate this by maintaining close links with stakeholders to ensure that activity meets their agenda. Ensure fundraising plan (contributed and earned) is up to date and reviewed regularly. Increasing generation of unrestricted funding from other sources – including increased levels of income from commercial activities, revenue fundraising and the Creative Writing Online programme and Writers Services programme.
Page 6
NATIONAL CENTRE FOR WRITING
COMPANY LIMITED BY GUARANTEE
TRUSTEES' REPORT (INCORPORATING A DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2022
Risk management (continued)
- Operational: Inadequate operational, management, governance and reporting mechanisms. We will mitigate this by regularly reviewing and improving our operational capacity using training, development, and sound line management; testing our finance and audit compliance and health by changing auditors; revising Board subgroup working; maintaining reporting mechanisms for key stakeholders as well as statutory requirements.
The trustees confirm that the major risks to which the charity is exposed have been identified, reviewed and assessed in order for systems to be established to mitigate those risks.
Pay policy for key management personnel
The Board of Directors, who are the Charity's Trustees and the senior management team comprise the key management personnel of the charity in charge of directing, controlling, running and operating the charity on a day-to-day basis. One director received remuneration in the year as his role as CEO. All other directors give their time freely. Details of director's expenses and related party transactions are disclosed in note 12 to the accounts. The pay of senior staff is reviewed annually and normally increased in accordance with any increase in the cost of living.
Organisational structure
At present the Board consists of 10 trustees who meet four times a year. The Chief Executive, Christopher Gribble, is appointed by the trustees. He is responsible for strategic planning and refers his ideas to the Board for endorsement and authorisation. The Board has three formal subgroups:
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Finance Audit & Resources: Andrew Yuill (Chair), James Slinger, Chris Gribble
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Programme and Mission: Nina Nannar, Isobel Dixon, Alan Waters, Chris Gribble
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Vision 22–26: Alan Waters (Chair), Helen Wilson, Prof Sarah Barrow, Caroline McCormick, Chris Gribble
The FA&R sub group meets four times per year and the other two twice a year. All sub-groups report back to the Board. There were 10 full time members of staff over the financial year and 12 part time members of staff.
Fundraising standards information
The trustees support raising funds from the public in relation to support of our diverse literary programme and maintenance of our heritage building. No professional fundraisers or third party commercial participators are used. The charity is registered with the Fundraising Regulator. There have been no complaints about fundraising activity this year.
The charity has signed up to the Fundraising Regulator's Code of Fundraising Practice. All fundraising guidance and working practices have been or are being updated so that they are compliant.
All direct marketing is undertaken by the charity to ensure it is not unreasonably intrusive or persistent and is only sent to recipients who have engaged with the charity. All marketing material or information sent from the charity contains clear instructions on how a person can be removed from the mailing lists and is GDPR compliant.
Page 7
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT IINCORPORATING A DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2022 Trustees, responsibilities statemenl The trustees, who are also directors for the purposes of comp8ny law. ale responsible for preparing the Tmstees. report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under ¢OTnpany law the TrLJStees must not approv8 the financial statements unless they are satisfied that they give a true and fair view ol the state of affairs of the charitabl8 cornp8ny and of the incorning resources and application ol resourc8S, including the income and expenditur8, of th8 charil8ble cornpany for that period. In preparing these financial statements, the Trustees are required to: 1. select suitable zccounting policie5 and then apply them consistently., 2. observe the methods and principles in the Charities SORP 2019 FRS 102., 3. make judgments and accounting estimates that are re8son8ble and prudent., 4. state whether applicable UK Accounting Standards have been followed, subject to any tnzterial departures disclosed and explained in the financial slalernents., 5. prepa the financial statements on the going concern basis unless it is inappropriate lo presume that the charitable company will conlinue in operation. The Truslees are responsible lor keeping adequate accoLJnting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accLJracy at any b.tne the financial position of the charitable company and enable them to ensure that the financi81 statem8nts Gomply with the Cofflpanies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hgnce for taking reasonable steps for the prevention 8nd detection of fraud and other irregularities. The Trustees are responsible lor the maintenance and integrity of the corporate and financial information included on the charitable oompany's websile. Legislation in the United Kingdom governing the preparation and dissemination of financi81 statements may differ from legislation in other jurisdictions. Auditor Each of the persons who is a trustee at the dale of approval of this report confirms Ihal.. so far as they are 2W2re, there is no relevant audit infortM8tion of which the charity's auditor is unaware., and they have taken all sleps that they ought to have taken as 2 trustee to make themselves aware of 8ny relevant audit Inforrnation and lo establish that the d)arity's auditor is aware of that informab'on. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006. Small company provisions This report has been prepared taking advantage of the small compani8S' 8xewpbon of section 415A of the Companies Act 2006. The trustees, annual report was approved on trustees by.. 1S&AfvI ancl signed on beh211 of the board of Mr A Waters Ichairl Trustee PaBe 8
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14 December 2022 �����������������������
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NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022
| Notes INCOME Donations and legacies 2 Charitable activities 3 Other trading activities 4 Investment income 5 Other income (Coronavirus Job Retention Scheme) TOTAL INCOME EXPENDITURE Costs of raising funds 6 Charitable activities 7 TOTAL EXPENDITURE NET (EXPENDITURE) / INCOME BEFORE TRANSFER OF FUNDS Transfers between funds 18 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds at 1 April 2021 TOTAL FUNDS 31 March 2022 |
Unrestricted Funds 2022 £ 30,021 815,329 50,607 3,245 - 899,203 (50,607) (832,065) (882,672) 16,531 10,916 27,447 1,840,480 1,867,927 |
Restricted Funds 2022 £ 46,354 560,859 - - - 607,213 (15,436) (798,188) (813,625) (206,412) (10,916) (217,328) 559,059 341,731 |
Total Funds 2022 £ 76,375 1,376,188 50,607 3,245 - 1,506,415 (66,043) (1,630,253) (1,696,296) (189,881) - (189,881) 2,399,539 2,209,658 |
Total Funds 2021 £ 58,155 1,121,647 2,977 4,224 38,224 1,225,227 (24,544) (1,269,247) (1,293,791) (68,564) - (68,564) 2,468,103 2,399,539 |
|---|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
The notes on pages 16 to 35 form part of these financial statements.
Page 13
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE Icompany registration number 052428761 BALANCE SHEET AT 31 MARCH 2022 2022 2021 Notes FIXED ASSETS Intangible assets Tangible fixed assets 14 15 1,561,521 1,595,779 1,561.521 1,595,77g CURRENT ASSETS Debtors Cash at bank and in hand 16 83.834 806.924 36,881 961,378 890,758 998,259 Gredilors.. Amounts falling due within one yeBr 242,621 194,499 NET CURRENT ASSETS 648,137 803,760 NET ASSETS 2,209,658 2,399,539 FUNDS OF THE CHARITY Restricted funds Unrestricted funds 18 18 341,731 1,867,927 559,059 1,840,480 TOTAL CHARITY FUNDS 18 2,209,658 2,399,539 These financial statements have been prepared in accordanGe with the provisions applicable to companies subject lo the small companies, regime wthin Part 15 of the Companies Act 2006. The financial statements were approved by the TDJslees on behalf by.. and are signed on their Mr A Waters (Chair of Trustees) Trustee The notes on pages 16 to 35 form part of Ihtsse financial statemellts. Page 14
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE STATEMENT OF CASHFLOWS
AT 31 MARCH 2022
| CASH FLOWS FROM OPERATING ACTIVITIES Net (expenditure) / income Adjustments for: Depreciation of tangible fixed assets Amortisation of intangible assets Other interest receivable and similar income (Increase) / decrease in debtors Increase in creditors Net cash from operating activities CASH FLOWS FROM INVESTING ACTIVITIES Interest received Purchase of tangible assets Net cash spent on investing activities NET INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR CASH AND CASH EQUIVALENTS AT END OF YEAR The net debt note is included in note 20 |
2022 £ (189,881) 62,155 - (3,245) (46,953) 48,122 (129,802) 3,245 (27,897) (24,652) (154,454) 961,378 806,924 |
2021 £ (68,564) 56,302 649 (4,224) 77,323 31,376 92,862 4,224 (53,534) (49,310) 43,552 917,826 961,378 |
|---|---|---|
The notes on pages 16 to 35 form part of these financial statements.
Page 15
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1 ACCOUNTING POLICIES
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
(a) General information
The charity is a private company limited by guarantee, incorporated in England and Wales under the Companies Act 2006. It is also a registered charity in England and Wales. The registered office address is Dragon Hall, 115-123 King Street, Norwich, NR1 1QE.
The Charity is a company limited by guarantee and does not have share capital. The members of the Charity total 11 (2021: 12) and have guaranteed that in the event of the Charity being wound up during their membership or one year thereafter, each would contribute to the assets of the Charity a sum not exceeding £1 (2021: £1).
(b) Basis of preparation
The financial statements have been prepared in accordance with 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 (FRS 102) (effective 1 January 2019) - Charities SORP (FRS 102) (effective 1 January 2019) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The financial statements are prepared in pounds sterling, which is the functional currency of the entity, and rounded to the nearest £1. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
(c)
Going Concern
After the 20/21 lockdowns National Centre for Writing has modified its ways of working both with customers, partners and staff. Core funding has been maintained in the last year and we are successfully rebuilding income generation from our commercial activities and creative writing programme. At the end of October 2022 we received notification that our bid to remain as an NPO funded organisation for the three financial year periods 23/24 to 25/26, was successful. Along with additional government and local authority support, revised budgets and forecasts show that the charity has sufficient income, reserves and cash at bank to be able to continue in operation for a period of at least 12 months from the date of approving these financial statements. Therefore the financial statements have been prepared on a going concern basis.
(d)
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the purposes of the charity. Designated funds are unrestricted funds earmarked by the trustees for specific purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor. The aim and use of each material designated and restricted fund is set out in the notes to the financial statements.
Page 16
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1 ACCOUNTING POLICIES (continued)
(e) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Where income has related expenditure (as with fundraising or contract income), the income and related expenditure are reported gross in the Statement of Financial Activities. The following specific policies are applied to particular categories of income:
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Donations, grants and gifts are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reporting period. Income from Gift Aid tax reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the period. Any amounts of Gift Aid not received by the period end are accounted for in income and accrued income in debtors.
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Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market.
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Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material.
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Interest on deposit funds held is included when receivable and the amount can be measured reliably by the charity which is normally upon notification of the interest paid or payable by the bank
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Income from charitable trading activity is accounted for when earned.
-
Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.
(f) Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
No judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies.
There are no key assumptions concerning the future, nor key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Page 17
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1 ACCOUNTING POLICIES (continued)
(g) Expenditure
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure includes VAT as the Charity is not VAT registered and therefore this cannot be recovered. VAT is reported as part of the expenditure to which it relates. All expenditure is accounted for on an accruals basis under the following headings:
-
Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes. Fundraising costs do not include the costs of disseminating information in support of the charitable activities.
-
Charitable expenditure comprises those costs incurred by the charity in the delivery, of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs comprise those costs which are incurred directly in support of expenditure on the objects of the charity and include governance cost, finance, and office costs. Governance costs are those costs incurred in connection with the compliance with constitutional and statutory requirements of the charity. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, as set out in the notes to the accounts.
(h) Intangible assets
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website development/bespoke software 3 years/ 4 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new
(i) Tangible assets
Tangible fixed assets are stated at cost less depreciation. All assets costing more than £500 are capitalised. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Assets under construction Not depreciated until completed Long term leasehold buildings Over 50 years Office equipment, fixtures & fittings 25% straight line Plant & machinery 10% straight line
(j) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.
(k) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 18
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1 ACCOUNTING POLICIES (continued)
(l) Pension scheme
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the period.
(m) Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
(n) Operating lease agreements
Operating leases are recognised over the period of which the lease falls due. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period of the lease.
(o) Taxation
The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
(p) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value, which is at cost, with the exception of fixed assets which are measured at cost less depreciation. Included in financial assets are trade debtors, accrued income and the bank balance. Prepayments are not considered to be financial assets. Included in financial liabilities are trade creditors, accruals, deferred income and other creditors.
Page 19
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| 2 DONATIONS AND LEGACIES Donations and grants Donations and grants 3 INCOME FROM CHARITABLE ACTIVITIES Box office receipts Course / workshop fees Producer fees and partner contributions Creative Writing Online Norwich City Council Norfolk County Council British Council University of East Anglia Arts Council England East New Anglia LEP Creative Arts East Box office receipts Course / workshop fees Producer fees and partner contributions Creative Writing Online Norwich City Council Norfolk County Council Suffolk Countil Council British Council University of East Anglia Arts Council England East New Anglia LEP |
Unrestricted Funds 2022 £ 30,021 2021 £ 6,120 Unrestricted Funds 2022 £ 430 30,122 8,985 192,866 37,800 7,442 - 50,000 475,576 - 12,109 815,329 2021 £ - 30,107 34,668 154,701 62,800 7,442 - - 50,000 475,576 - 815,294 |
Restricted Funds 2022 £ 46,354 2021 £ 52,035 Restricted Funds 2022 £ 2,853 9,121 106,641 - 6,865 3,360 25,000 - 382,355 24,665 - 560,859 2021 £ 4,028 7,250 63,284 - - - 5,000 50,000 6,000 160,376 10,415 306,353 |
Total 2022 £ 76,375 2021 £ 58,155 Total 2022 £ 3,283 39,243 115,626 192,866 44,665 10,802 25,000 50,000 857,931 24,665 12,109 1,376,188 2021 £ 4,028 37,357 97,952 154,701 62,800 7,442 5,000 50,000 56,000 635,952 10,415 1,121,647 |
|---|---|---|---|
Page 20
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
3 INCOME FROM CHARITABLE ACTIVITIES (continued)
| INCOME FROM CHARITABLE ACTIVITIES (continued) | ||
|---|---|---|
| 2022 | 2021 | |
| Government grants included in income from charitable activities are as follows: | ||
| Arts Council England | 857,931 | 635,952 |
| University of East Anglia | 50,000 | 50,000 |
| Norfolk County Council | 10,802 | 7,442 |
| Norwich City Council | 44,665 | 62,800 |
| New Anglia LEP | 24,665 | - |
| British Council | 25,000 | 50,000 |
Apart from the Arts Council England funding, there are no unfulfilled conditions at year end relating to these grants (2021: none). Please see note 22 for the conditions around the Arts Council England In addition, with regards the Norwich City Council, the charity has a peppercorn lease in place and more details are provided in note 21.
4 OTHER TRADING ACTIVITIES
| Membership and subscription income Book and merchandise Sales Venue Hire and catering income Total trading income Membership and subscription income Book and merchandise Sales Venue Hire and catering income Total trading income |
Unrestricted Restricted Funds Funds 2022 2022 £ £ 1,521 - 196 - 48,890 - 50,607 - 2021 2021 £ £ 1,865 - 513 - 599 - 2,977 - |
Total 2022 £ 1,521 196 48,890 50,607 2021 £ 1,865 513 599 2,977 |
|---|---|---|
5 INVESTMENT INCOME
| Bank interest received Bank interest received |
Unrestricted Funds 2022 £ 3,245 2021 £ 4,224 |
Total Funds 2022 £ 3,245 2021 £ 4,224 |
|---|---|---|
Page 21
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
6 COSTS OF RAISING FUNDS
| Unrestricted Funds 2022 £ Salary and fundraising overhead costs 16,211 Cost of trading activity 34,396 Total costs of raising funds 50,607 2021 £ Salary and fundraising overhead costs 24,166 Cost of trading activity 378 Total costs of raising funds 24,544 7 EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Funds 2022 £ Art 47,062 Learning 156,258 Place 57,924 Operations 570,821 832,065 2021 £ Art 196,692 Learning 165,667 Place 36,298 Sustainability and Viability 2,742 Operations 501,316 902,714 Total expenditure on Charitable Activities is split as follows: Direct costs Support costs (note 8) |
Restricted Funds 2022 £ 15,436 - 15,436 2021 £ - - - Restricted Funds 2022 £ 557,440 214,322 26,426 798,188 2021 £ 230,854 118,183 17,496 - - 366,533 2022 £ 1,056,895 573,358 1,630,253 |
Total 2022 £ 31,647 34,396 66,043 2021 £ 24,166 378 24,544 Total 2022 £ 604,502 370,580 84,350 570,821 1,630,253 2021 £ 427,545 283,850 53,794 2,742 501,316 1,269,247 2021 £ 640,687 628,560 1,269,247 |
|---|---|---|
Page 22
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
8 SUPPORT COSTS
| Salaries & Freelance Admin & IT Finance Comms and Marketing Programme and Production Governance costs (note 9) Premises 9 ANALYSIS OF GOVERNANCE COSTS Auditors remuneration (see note 10) Other governance costs 10 AUDITOR'S REMUNERATION Accountancy costs payable to the auditor 11 NET EXPENDITURE This is stated after charging/(crediting): Amortisation of intangible assets Depreciation of tangible fixed assets Defined contribution pension contributions Fees payable for the audit of the financial statements |
2022 £ 440,895 56,088 1,444 4,870 8,551 11,762 49,748 573,358 2022 £ 12,060 (298) 11,762 2022 £ 8,850 3,210 12,060 2022 £ - 62,155 21,918 |
2021 £ 466,008 59,468 1,233 9,662 40,708 10,823 40,657 628,560 2021 £ 11,160 (337) 10,823 2021 £ 8,160 3,000 11,160 2021 £ 649 56,302 21,232 |
|---|---|---|
Page 23
NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
12 STAFF COSTS
The total staff costs and employee benefits for the reporting period are analysed as follows:
| Wages and salaries Social Security costs Employer contributions to pension plans Other staff & freelance costs |
2022 £ 560,196 48,168 21,918 123,194 753,476 |
2021 £ 562,257 44,291 21,232 56,978 |
|---|---|---|
| 684,758 |
The charity operates a defined contribution pension scheme. Contributions totalling £nil (2021 - £nil) were payable to the fund at the balance sheet date.
Key Management Personnel
Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. Key management personnel consists of the people listed on page 1 and the trustees. The total remuneration paid to key management personnel for services provided to the charity was £237,469 (2021: £254,986).
The average head count of employees during the year was 34 (2021: 35).
During the year, there was 1 employee whose total employee benefits (exc. pension costs) were between £60,000 and £70,000. (2021: 1 employee between £60,000 and £70,000).
13 TRUSTEE REMUNERATION AND EXPENSES
One trustee has been paid remuneration and received other benefits from employment with the charity: Dr Chris Gribble received remuneration of £68,895 and pension contributions of £2,756 (2021: £67,421 remuneration and £2,697 pension contributions), paid under his role as Chief Executive Officer of the charity. The CEO is paid under the authority of the Memorandum and Articles of association, as amended by Special Resolution in 2011.
One trustee claimed expenses or had their expenses met by the charity in respect of travel and subsistence totalling £440 (2021: two trustees £179).
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14 INTANGIBLE ASSETS
| INTANGIBLE ASSETS | |
|---|---|
| Website/Bespoke | |
| Software | |
| Cost | £ |
| At 1 April 2021 and 31 March 2022 | 16,850 |
| Amortisation | |
| At 1 April 2021 and 31 March 2022 | 16,850 |
| Carrying amount | |
| At 31 March 2022 | - |
| At 31 March 2021 | - |
15 TANGIBLE FIXED ASSETS
| Cost At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Carrying amount At 31 March 2022 At 31 March 2021 |
Longterm Leasehold Land & Buildings £ 1,605,029 - 1,605,029 62,794 32,100 94,894 1,510,135 1,542,235 |
Fixtures & fittings £ 43,295 13,024 56,319 25,668 12,898 38,566 17,753 17,627 |
Office equipment £ 68,689 1,737 70,426 32,772 16,062 48,834 21,592 35,917 |
Total £ - 13,136 13,136 - 1,095 1,095 12,041 - |
Total £ 1,717,013 27,897 1,744,910 121,234 62,155 183,389 1,561,521 1,595,779 |
|---|---|---|---|---|---|
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NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
16 DEBTORS
| Trade Debtors Prepayments and accrued income Other debtors 17 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accruals and deferred income Social security and other taxes Other creditors Deferred income breakdown Deferred income brought forward Released during the year Deferred during the year Deferred income carried forward Deferred income relates to income received for future events. |
2022 £ 60,392 23,442 - 83,834 2022 £ 23,041 192,896 12,811 13,873 242,621 2022 £ 50,917 (50,169) 54,660 55,408 |
2021 £ 3,288 31,960 1,633 36,881 2021 £ 10,624 163,729 11,530 8,616 194,499 2021 £ 30,327 (16,895) 37,485 50,917 |
|---|---|---|
| 18 FUNDS SUMMARY Year Ended 31 March 2022 Unrestricted funds General Funds Designated Fund - Strategic Reserve Designated Dragon Hall fixed asset improvements fund |
At 1 April 2021 £ 151,503 109,534 1,579,443 1,840,480 |
Income Expenditure £ £ 899,203 (829,076) - - - (53,596) 899,203 (882,672) |
Transfers £ 10,916 - - 10,916 |
At 31 March 2022 £ 232,545 109,534 1,525,847 1,867,927 |
|---|---|---|---|---|
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NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
18 FUNDS SUMMARY (continued)
| At 1 April 2021 Restricted £ A4E 157,666 A Life Written - Art, Learning, Places Funds 597 Bulgarian Residency 335 Capital Project (including WREN) 4,500 Catalyst 57,828 City of Literature for Young People - CRF 2 - CWO Burseries Fund - East Anglian Book Awards 496 Escalator 8,779 Geoffrey Watling Trust 7,500 General Residencies - Heritage Waddilove Grant 4,500 Heritage Building Fund 12,391 Heritage Volunteer Fund 4,674 ILS 22 - Lit from the Inside 17,393 Korea Residency - NCW Awards 116,368 NAORP - Noirwich 5,885 Norwich City Council Support Grant - NCW Platform - Passa Porte Residency - Quebec Virtual Residency - Reckitt Arts Trust Residency 2,500 Saturday Writing Club - Singapore Residency - Stories From The Quarter - Taiwan Residency - The Inn Crowd 2 6,226 Time to Write 3,440 Transforming Leadership 69,292 Emerging Translators Programme 21/22 5,014 Emerging Translators Programme 22/23 - UK Residencies - UNESCO 381 Visible Communities 72,996 WCN Bursaries Fund 717 Yanai Initiative Collaboration 2020-2023 (419) 559,059 TOTAL FUNDS 2,399,539 |
Income £ 47,500 3,540 1,531 - - - 3,781 85,389 402 1,000 7,386 - 500 - 3,500 425 25,000 - 3,600 95,442 3,360 3,240 6,865 20,444 - 2,500 2,000 3,500 11,587 17,023 3,600 32,139 - 141,695 23,674 6,759 900 - 32,000 - 16,932 607,213 1,506,415 |
Expenditure £ (208,824) (4,491) - (335) (4,750) - (2,019) (82,800) - (1,864) (6,880) (5,704) (500) - (2,256) (83) - (5,067) (3,600) (102,524) (2,468) (5,228) (2,033) (6,336) (1,209) - (2,500) (258) (12,311) (3,681) - (35,663) (3,204) (191,113) (30,793) - (900) - (63,273) - (20,960) (813,625) (1,696,297) |
Transfers £ - 950 - - - - - - 368 (1,000) - - - - - - - - (10,466) - - - - 1,209 - - - 724 - - (2,702) - - - - - - - - (10,916) - |
At 31 March 2022 £ (3,658) - 2,128 - (250) 57,828 1,762 2,589 402 - 8,285 1,796 - 4,500 13,635 5,016 25,000 12,326 - 98,821 892 3,897 4,832 14,108 - 2,500 2,000 3,242 - 13,341 3,600 - 236 19,874 (2,105) 6,759 - 381 41,723 717 (4,447) 341,731 2,209,658 |
|---|---|---|---|---|
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NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
18 FUNDS SUMMARY (continued)
Year Ended 31 March 2021
| Unrestricted funds At 1 April 2020 £ General Funds 152,906 Designated Fund - Strategic Reserve 117,350 Designated Dragon Hall fixed asset improvements fund 1,588,089 1,858,345 18 FUNDS SUMMARY (continued) At 1 April 2020 Restricted £ A4E 180,717 Art, Learning, Places Funds 298 Bulgarian Residency 533 Capital Project (including WREN) 49,679 Catalyst 57,828 City of Literature for Young People 1,716 Community Development 142 East Anglian Book Awards - Escalator - Geoffrey Watling Trust - Heritage Waddilove Grant - Heritage Building Fund 12,391 Heritage Volunteer Fund 4,753 High Street Tales - Lit from the Inside (Anguish) 23,070 NCW Awards (Early Careers 175,577 Noirwich 5,579 Netherlands Residency - Reckitt Arts Trust Residency 2,500 Saturday Writing Club 3,123 The Inn Crowd 2 3,900 Time to Write - Transforming Leadership 39,240 TP Mentoring 22/23 - UNESCO 381 Visible Communities 47,208 WCN Bursaries Fund 717 Words and Ways 406 Yanai Initiative Collaboration 2020-2023 - 609,758 TOTAL FUNDS 2021 2,468,103 |
Income £ 864,655 2,184 866,839 Income £ 77,600 299 - - - - - 1,000 8,779 7,500 4,500 - - 5,300 - 26,689 5,056 - - - 16,732 3,440 132,743 3,750 - 47,000 - - 18,000 358,388 1,225,227 |
Expenditure £ (908,612) (10,000) (8,646) (927,258) Expenditure £ (99,327) - (198) (747) - (4,075) (150) (504) - - - - (79) (3,800) (5,677) (85,898) (4,750) (727) - (3,866) (14,406) - (102,691) (7) - (21,212) - - (18,419) (366,533) (1,293,791) |
Transfers £ 42,554 - - 42,554 Transfers £ (1,324) (44,432) 2,359 8 (1,500) 727 743 1,271 (406) (42,554) - |
At 31 March 2021 £ 151,503 109,534 1,579,443 1,840,480 At 31 March 2021 £ 157,666 597 335 4,500 57,828 - - 496 8,779 7,500 4,500 12,391 4,674 - 17,393 116,368 5,885 - 2,500 - 6,226 3,440 69,292 5,014 381 72,996 717 - (419) 559,059 2,399,539 |
|---|---|---|---|---|
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NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
18 FUNDS SUMMARY (continued) Ambition for Excellence
Ambition for Excellence is an Arts Council England strategic fund to support excellence in new work, export and place making. Our programme of new work, new partnerships and promotion of Norwich as a centre of excellence in literature will run for three years. A proportion of the residual balance on the International Literature Showcase fund was transferred to the A4E fund.
A Life Written
This is a 7 week life writing course for people age 70 and above. Led by a published life writer, a group of 12 older people meet weekly to explore different ways to approach memoir and life writing. All participants are then invited to submit 2 pieces of writing to a project anthology which is published and celebrated at the end of the course. A life written is funded by Anglia Ruskin University as part of the health, wellbeing and community grants programme that focuses on wellbeing and celebrating ageing.
Art, Learning, Places Funds
We have three donation boxes whereby members of the Public are able to give small donations towards our core aims.
Bulgarian Residency
A short residency opportunity for a Bulgarian writer or translator, in partnership with the Elizabeth Kostova Foundation.
Dragon Hall Capital Project (including WREN)
The restricted fund for Dragon Hall comprises the retained funds for the capital programme. The costs cover fundraising, key overheads around management and delivery of the capital bid. It also includes a fund towards our capital programme from WREN and FCC Environment. The transfer to unrestricted funds represents the amount spent on the capital project which has been unrestricted once the spent was completed
Catalyst
An Arts Council England funded project to enable arts organisations to grow their capacity to raise new funds from individuals and philanthropists and thereby diversify their income streams. Writers' Centre Norwich has been granted £240,000 over a period of time in order to deliver the National Conversation, the Digital Hub and our fundraising development programme that will support our growth into the National
City of Literature for Young People
These funds are used for covering our core programmes for children and young people which run throughout the year: Time to Write, the Creative writing Roadshow, the Young Norfolk writing competition, Children's City of Literature.
CRF 2
The second round of the Department for Digital, Culture, Media and Sport (DCMS) Culture Recovery Fund. The funds purpose is to help organisations transition back to usual operating mode after COVID restrictions from April 2021.
CWO Bursaries Fund
A fund Set up to provide bursaries for low-income writers on our CWO courses. The fund is made available for individuals to provide financial support for those who cannot afford the full CWO fee.
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18 FUNDS SUMMARY (continued) Community Development
NCW's community offer prioritises working with under-represented groups to use creative writing and storytelling to empower participants, increase their confidence, to feel able to tell their story, and to feel belonging within our Dragon Hall community. Increasingly we deliver these sessions at our literature house base, to open our doors and build a sense of pride and ownership towards the unique asset that is our medieval trading hall HQ. Partners on this aspect of our work include Age UK, New Routes - a local charity
East Anglian Book Awards
The East Anglian Book Awards is the key regional book awards for Norfolk, Suffolk and Fenland. Developed by the EDP and Jarrold, WCN has been a core partner for six years and supports the development of the prize and its administration annually. The transfer into this fund during the year from unrestricted funds represents the charity's funding contribution.
Escalator
Escalator is our annual talent development scheme open to unpublished early career fiction writers (novel or short story) living in the Eastern Region. The region is made up of a diverse society of many voices and supporting writers who are under-represented on UK bookshelves has become a core objective of the project. It has been running for 16 years and has supported over 100 writers at the beginning of their careers, many of whom have gone on to sign with agents, publish and win awards and critical recognition for their writing. The programme consists of mentoring - a one-to-one exchange between writer and mentor, who interact regularly to review work, discuss challenges and set goals. The selected applicants will also take part in a residential retreat at NCW’s Dragon Hall campus in Norwich and a final showcase event at which mentees have an opportunity to present their work and network with agents, editors and other publishing industry professionals. Escalator is funded by Amazon Literary Partnership, The Lady Hind Trust, and donors of the ‘Escalator Needs Your Help’ campaign.
Geoffrey Watling Trust
The trust grant funds a programme of creative writing activity for parents, children and young people aged 2 - 18. Neverending stories: storytelling resources and workshops aimed at increasing confidence with words and making homes more storytelling and book friendly; the Laureate programme gives talented young people a 1 year long experience of writing opportunities and mentoring; Time to Write are NCW's open access creative writing workshops for 9-17 year olds.
General Residencies
Indirect overheads related to the restricted residencies programme.
Heritage Waddilove Grant
A grant from the Sylvia Waddilove Foundation towards the “Restoring the South Door Surround (Ogee Arch) and the Great Arch” at Dragon Hall.
Heritage Building Fund & Heritage Volunteer Fund
This fund is a restricted fund donated to WCN by the Norfolk and Norwich Heritage Trust when it wound up
ILS 22
An ongoing, long-running programme in partnership with British Council, with previous iterations in 2012, 2015-2017 and 2018-2021 to deliver a co-curated, diversity-focused platform for the showcasing, exchange & export of English literature development & writing talent. The last 3 years have seen us support the investment of over £70k of funds into partnership projects between English & international partners delivering 19 projects over 4 continents. 2022 will see us disburse funds to collaborative projects between ODA countries and UK counterparts while we explore the next iteration of the programme with the British Council.
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NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
18 FUNDS SUMMARY (continued) High Street Tales
High Street Tales was an Historic England programme managed by New Writing North and delivered in partnership with the regional literature development agencies network (in which we represent the east of England). From hidden histories to local urban legends, eight contemporary writers across England worked with their local communities to explore the everyday magic of high streets. We recruited a pair of writers, Ellie McKinlay-Khojinian and Ligia Macedo, and supported them to work with the communities in Great Yarmouth to tell a story of their high street. The seven stories, or 'High Street Tales', were published as an ebook, and the writers also narrated their stories for a 'High Street Tales' podcast series.
Lit from the Inside
A three year programme for young people to increase aspirations, skills, knowledge and connections into the art sector. Each year a cohort of young people work together to gain experience in designing and programming literary events, insights into the industry by going on trips to literary festivals and working towards their Bronze Arts Award.
Korean Residency
An annual residency opportunity for two Korean writers, in partnership with the Arts Council of Korea.
NCW Awards / Early Career Awards
A new form of literary prize, combining the power of awards with the unique, year-round educational programme of the National Centre for Writing. With this suite of prizes, comprised of three distinct awards (the Desmond Elliott Prize, the Laura Kinsella Fellowship and the UEA New Forms Award), and thanks to support from Arts Council England, NCW has created an early career digital programme, providing free resources, professional development and industry advice for new writers. Tailored early career support for the award winning writers will include residency opportunities, mentoring and industry support to help them build a sustainable career.
NAO Reading Project
Aimed at secondary schools with high numbers of multi-lingual students. The NOA reading project is a series of interviews with translators from a range of languages, showcasing how a passion for language and reading can lead to tangible career paths. Questions are collected from secondary school students in advance and recorded via interview with each translator. The translator also provide a short reading list of books that inspired them on their journey, a copy of each book on this list is bought for the school libraries.
Noirwich
The crime writing festival partnership with UEA attracts a range of restricted funds that are disbursed only to advance the festival aims and programmes.
Norwich City Council Support Grant
A Norwich City Council Support Grant being part of the Additional Restrictions Grant (ARG) scheme. This grant provides post COVID support for eligible businesses for the period post 26 December 20 and was issued at the Council’s discretion to support businesses essential to the local economy.
NCW Platform
The NCW Freelance and Community Diversity Platform (NCW Platform) is designed to diversify routes to working with our organisation for underrepresented groups of creative practitioners and communities hit hardest by Covid, and to improve capacity within NCW to support these groups in the years to come. There are three project strands, offering structured creative development for a group of writers and freelancers in Norfolk, with a focus on Black, Asian and Ethnically Diverse participants (the Springboard programme), and community engagement workshops for two marginalised communities in Norwich: the Bengali-speaking community (Bengali Stories) and refugees and asylum seekers (New Routes).
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NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
18 FUNDS SUMMARY (continued)
Netherlands Residency
Residencies for Dutch writers as part of the New Dutch Writing campaign, supported by the Dutch Foundation for Literature.
Passa Porte Residency
A residency exchange programme for writers in the UK and Belgium.
Quebec Virtual Residency
The Norwich and Québec UNESCO cities of literature virtual residency exchange runs from September to November 2022. The two selected writers who will work together to explore each other’s city virtually and produce a commission. This exchange is supported by the Québec Government Office in London and l’Entente de développement culturel entre le gouvernement du Québec et la Ville de Québec.
Reckitts Arts Trust Residency
Funding for a series of one-week residencies for UK-based writers and translators.
Saturday Writing Club
A series of out of school creative writing and performance workshops for young people in Norwich and Norfolk from areas of high deprivation and low arts/culture provision.
Singapore Residency
The National Arts Council of Singapore is supporting a six-month virtual residency for three writers from Singapore from June to December 2022. The three writers are working on a literary project, with mentoring from a UK-based writer. They also meet with Norwich-based writers and produce digital content for the NCW website.
Stories From The Quarter
A National Lottery Heritage Grant-funded programme connecting Norwich’s Bengali community to the city’s built heritage, and recording, sharing and celebrating the community’s oral histories of migration and BritishBengali experiences of Norfolk. The project includes a series of creative writing workshops for the Bengali community and Norfolk primary schools that will deepen these connections to the city’s medieval heritage and the oral histories of the area’s residents, including this new collection of Bengali oral histories.
Taiwan Residency
NCW, the British Centre for Literary Translation and Strangers Press are collaborating with the Cultural Division of the Taipei Representative Office in the UK and the National Museum of Taiwan Literature, with support from the Ministry of Culture, Taiwan to promote the translation and English publication of contemporary writing from Taiwan through workshops, chapbooks and residencies. NCW will host two writers featured in the Taiwan chapbooks published by Strangers Press in May 2023 in Norwich to help
The Inn Crowd 2
An extension of the live literature/rural touring programme, The Inn Crowd, taking newly commissioned work to areas of low arts provision across the south east, south west, midlands and west of England in partnership with Applause Rural Touring and Creative Arts East and supported by Arts Council England.
Time to Write
Creative writing and workshop sessions for young people from 11-17 years old during the school holidays. These take place in person at Dragon Hall.
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NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
18 FUNDS SUMMARY (continued)
Transforming Leadership
A 30 month leadership development programme. It is designed to develop 20 executive and 20 next generation leaders’ skills and capacity in the cultural sector to effect creative, social and economic change in Norfolk and Suffolk through collaborative working, place sensitivity and innovative thinking. It will support identified needs for leadership, talent, diversity, inclusivity and innovation in the New Anglia region.
Emerging Translators Programme
An annual programme supported by international partner organisations we are delivering sixth month mentorships as well as short-term mentoring sessions for two runners-up for emerging translators working in a variety of often lesser- translated languages and/or coming from underrepresented backgrounds.
UK Residencies
We offer residencies to UK-based writers and translators, partly funded by the Francis Reckitt Trust. The residencies are usually offered as part of our Visible Communities programme, our Associate Artists and our Early Career Awards. We also host occasional self-funded residencies.
UNESCO
The Charity led a developmental bid for Norwich to become a UNESCO City of Literature. This bid was finalised in 2011-12. WCN secured Managed Funds and Grants for the Arts funding from ACE to develop the partnerships and programmes as part of the ongoing UNESCO City of Literature
Visibile Communities
Exploring how literary translation engages with literature and community development activities across England and supporting action learning for best practice.
WCN Bursaries Fund
This is a restricted fund to supported access to WCN courses and programmes for writers and artists facing financial difficulties.
Words and Ways
Our team of creative tutors were transformed into expert adventurers charged with training up the next generation of young travellers. In the first workshop, students got the chance to flex their imaginative muscles and to receive their travel log books. In the second workshop, guided by their log books, they were challenged to turn their memories into poems, stories and words of wisdom.
Yanai Initiative
In partnership with the Yanai Initiative we are offering a Japanese mentorship as part of the Emerging Translators Mentoring Scheme and a Japanese workshop at the BCLT summer school, and we are supporting a new chapbook series of contemporary Japanese writing in English translation to be published by Strangers Press.
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NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
18 FUNDS SUMMARY (continued)
Designated funds Strategic reserve
Designated funds are for investment in innovative or exceptional artform projects, or for investment in projects that generate medium to long term income or achieve operating savings.
Capital project
The designated fund for capital project relates to the Dragon Hall capital funding and related costs.
19 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Unrestricted Funds 2022 £ Tangible fixed assets 1,561,621 Current assets 306,306 1,867,927 2021 £ Tangible fixed assets 1,595,779 Current assets 244,701 1,840,480 20 ANALYSIS OF NET DEBT At start of period 2022 £ Cash 961,378 2021 £ Cash 917,826 |
Restricted Funds 2022 £ - 341,731 341,731 2021 £ - 559,059 559,059 Cash flows 2022 £ (154,454) 2021 £ 43,552 |
Total Funds 2022 £ 1,561,621 648,037 2,209,658 2021 £ 1,595,779 803,760 2,399,539 At end of period 2022 £ 806,924 2021 £ 961,378 |
|---|---|---|
21 Operating lease commitments
The charity has a lease with The City Council of Norwich for the Dragon Hall premises from which it operates. This is on a peppercorn charge of £1 per annum starting on 1 August 2015 and running until 22 October 2096. Further details surrounding the restrictions placed on the property are explained in note 22. In the year, income was received from the Council totalling £44,665 of unrestricted funding (2021: £62,800) £19,665 of which to support the provision of a range of performing and media arts to the community, and pioneer collaborative projects with writers and other partners. £25,000 related to covid19 hospitality grants.
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NATIONAL CENTRE FOR WRITING COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
22 Contingent liability
Included in the funds note 18 is £nil (2021: £Nil which relates to funding provided by Arts Council England (ACE) to carry out a capital build project and refurbishment works at Dragon Hall. The total received from ACE in respect of this project since its inception is £900,000 and £1,595,779 is the net book value of assets included in note 15, purchased partly with this funding. This balance is also included in a separate designated fund in note 18. The ACE funding requires that the terms of the deed of covenant between ACE and National Centre for Writing be adhered to for a period of 10 years from 23 Aug 2017. Any use of the building other than the agreed use (as per the lease between Norwich City Council and National Centre for Writing) must have prior written consent from ACE. If this condition is not adhered to there is potential for ACE to clawback funds provided for the capital works. In addition to this funding, National Centre for Writing also received £857,931 from ACE in the year to 31 March 2022 (2021: £635,952) in respect of Core funding £475,576 (2021: £475,576) and Strategic Projects £382,355 (2021: £160,376). Please see note 3 for details of all income received from ACE.
23 Related parties
The Trustee, Professor S Barrow, is the Pro Vice Chancellor of the University of East Anglia. Annual funding of £50,000 (2021: £50,000) was received during the year from the UEA, of which £nil was outstanding at year end (2021: £nil). £nil (2021: £6,000) was also received as part of the partnership contribution. £858 (2021: £nil) was received from the UEA for venue/room hire and food/drink of which £nil was outstanding at the year end (2021: £nil).
A total payment of £nil (2021: £33,924) was paid to UEA as the partnership settlement for Creative Online courses for 2020/2021. An amount of £78,918 (2021: £33,892) was accrued for 2020/21 and 2021/22.
£nil (2021: £3,877) was paid as a partnership settlement for the 2019 Norwich Crime Writing Festival.
Of the £36,000 due to UEA (2021: £36,000) relating to the British Centre for Literary Translation (BCLT) funding agreement, £27,000 (2021: £27,000) has been paid with £9,000 outstanding at the year end (2021: £9,000).
The Trustee, Mr A Waters, is Council Leader for Norwich City Council. Annual funding of £44,665 (2021: £62,800) was received during the year from the NCC, of which £nil was outstanding at year end (2021: £nil). Mr Water is also a Regional Board Member (South East) for Arts Council England. Income of £857,931 (2021: £635,952) was received from ACE during the year with £nil (2021: £nil) outstanding at the year end. £608,185 (2021: £475,576) of this income was for annual funding, £nil (2021: £nil) for the Dragon Hall capital project and the remainder towards individual projects.
Caroline McCormick (Trustee) is a director of Achates Philanthropy Ltd. £30,058 (2021: £19,134) was paid for the provision of consultancy services. £1,530 was outstanding at the year end (2021: £nil). These amounts were paid under the authority of the Memorandum and Articles of association, as amended by Special Resolution in 2011.
Donations totalling £nil (2021: £189) were received from Taylor Vinters LLP, an LLP in which James Slinger (Trustee) is a Partner. £nil was outstanding at the year-end (2021: £nil).
Restricted income totalling £6,598 (2021: £750) was received from Creative Arts East, where Alison McFarlane (KMP) is an Executive Director. No amounts were outstanding at the year-end (2021: £nil)
No other related party transactions have occurred (2021: none).
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