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2021-03-31-accounts

Report ofthe Trustees			1 to 8
Independent Examiner's		Report to the Trustees
Statement of Financial		Activities
Statement of Financial		Positron
Notes to the Financral	Statements		12to 19

	Victoria Adukwei Bulley (poet, acbwst)
.	Rachael Allen (poet, editor, publisher)
.	Leo Boix (poet and translator - LatinX/Spanish)
.	Mary Jean Chen (poet, editor)
.	Tice Cin (writer, journalist)
.	Sasha Dugdale (poet, editor, translator - Russian)
.	Inua Ellams (poet, playwright)
.	Alice Mullen (Poetry Book Society)
.	Tatevik Sargsyan (Young Foundation)
.	Sarah Shin (publisher)
.	Francisco Vilhena (editor, translator - Portuguese)

			Notes	Unrestricted	Restricted	2021	2020
				funds	funds
				f	f
Income and	endowments	from:
Donations	and legacies			176,448	58,079	234,525	215,360
Charitable	activities			17,457		17,457	14,931
Investments				82		82	316
Total				183,886	68,078	262,084	230,607
Expenditure	on:
Raising funds				(12,375)		(12,375)	(20,041)
Charitable	activities			(159,200)	(42,374)	(201,574)	(224,909)
Total				(171,676)	(42,374)	(213,849)	(244,860)
Net Income/expenditure				22,410	16,706	38,116	(14,343)
Reconciliation offunds
Total funds	brought forward			51,401	29,515	80,916	95,259
Total funds	carried forward			73,811	46,220	119,031	80,818

		Notes	2021	2020
Fixed assets
Tangible assets		12	2,725	3,633
			2,728	3,833
Current assets
Debtors		13	4,757	12,344
Cash at bank and	in hand		116,560	67,520
			121,317	Ta,$84
Creditors: amounts	falling due within one year	14	(5,011)	(2,582)
Net current assets			118,308	77,282
Total assets less current liabilities			11$,031	$0,$18
Net assets			11$,031	ao,ata
The funds ofthe charity
Restricted income	funds	15	45,220	29,515
Unrestricted income funds		15	73,811	51,401
Totalfunds			11$,031	ao,a18

				2021	2020
				6	6
Arts Council England -		National	Porffolio	126,867	124,575
Arts Council England -		Protect Grant		22,500	56,250
Creabve Europe				25,739
Embassy of Brazil					616
English PEN				1,500	7,250
Estate ofSarah Maguire					4,500
Fondation Jan Michalski					7,000
Garfield Weston Foundation				25,000
Garrick Charitable	Trust				3,500
Sir William Boreman's		Foundation		4,950
Sundry grants				1,000
The Bribsh Council				1,500	3,000
Virtuago					4,245
				200,oee	210,030
3.Income from charitable		activities
				2021	2020
				6
Unrestricted funds
Artistic programme
Event and Workshop		income		5,481	1,459
Venue and promoter fees				3,232	7,746
Book sabra and royalties				8,744	3,736
Sponsorship					400
Other income					1,590
				17,467	14,031
				17,457	14,031
4.Investment Income
				2021	2020
					6
Unrestricted funds
Bank interest receivable				82	316
				02	316

6.Expenditure o	n gene	rating d	onations and legacies
						2021	zozo
						6	6
Unrestricted	funds
Donations						12,375	20,041
						12,37$	2O,O41
6.Costs ofcharitable		activities	by fund type
				Unrestricted	Restricted	2021	2020
				funds	funds
				f	6	6	f
Artistic programme				86,988	38,558	125,546	167,997
Support costs				72,212	3,816	76,028	56,912
				169,2oo	42,374	201,674	224,aoa
7.Costs ofcharitable		activities	by activity type
				Activities	Support	2021	2020
				undertaken	costs
				directly
				6
Support costs
Artistic programme				125,546	76,028	201,574	224,909
a.Analysis ofsupport		costs
						2021	2020
Artistic programme
Staff costs						17,251	17,928
Bank charges						137	554
IT						7,146	6,272
Website, marketing		and				28,924	6,031
publicity
Accountancy,	legal	and				1,022	935
msurance
Oflice costs						20,352	23,640
Travel snd subsistence						116	472
Governance	costs					1,080	1,080
						76,028	66,912

0.Net income/(expenditure)	0.Net income/(expenditure)	0.Net income/(expenditure)	for the year
This is stated	after	charging/(crediting)
					2021	2020
						8
Depreciebon	ofowned		fixed assets		908	1,211
Accountancy	fees				1,080	1,080
10.Staff costs
Total staff costs for the			year ended 31	March 2021 were:
					2021	2020
						8
Salaries and	wages				109,839	118,822
Social security costs					5,306	7,662
Pension costs					3,951	4,856
					110,008	131,340
Average numnber		ofpersons employed		during the year was as follows:
					2021	2020
Chantable						3

Comparative for th	e State	ment ofFinancial Activities
			Unrestricted	Restricted	2020
			funds	funds
			E	E
Income and endowments		from:
Donations and legaaes			125,775	89,585	215,360
Charitable activities			14,931		14,931
Investments			316		316
Total			141,022	88,686	230,607
Expenditure on:
Raising funds			(20,041)		(20,041)
Charitable acbvities			(151,364)	(73,545)	(224,909)
Total			(171,406)	(73,646)	(244,860)
Net Income/expenditure			(30,383)	16,040	(14,343)
Reconclsation offunds
Total funds brought	forward		81,784	13,475	95,259
Total funds carried	forward		61,401	28,616	so,ais

		Plant and
Cost or valuation		machinery
		f
At 01 April 2020		5,710
At 31 March 2021		6,710
Depreciation
At 01 April 2020		2,077
Charge for year		908
At 31 March 2021		2,ass
Net book values
At 31 March 2021		2,726
At 31 March 2020		3,633
Debtors
	2021	2020
	E	f
Amounts due within one year:
Trade debtors		7,910
Prepayments end accrued income	4,434	4,434
	4,767	12,344

Creditors: amounts f	aglng due within one year
		2021	2020
		E	E
Trade creditors		3,929
Accruals and deferred	income	1,062
		6,011	2,682

Unrestricted	Funds
				Balance at	Incoming	Outgoing	Transfers	Balance at
				ot/04/2020	resources	resources		31I03/2021
				E		E		E
Designated
Unrestricted-							22,960
Designated
General
General				51,401	193,965	(171,575)	(22,960)	50,B51
				61,401	193,986	(171,676)		73,811
Unrestricted	Funds	- Previous	year
				Balance at	Incoming	Outgoing	Transfers	Balance at
				01l04l2019	resources	resources		31l03I2020
					E	E	E	E
Designated
Unrestricted-				10,000			(10,000)
Designated
General
General				71,764	141,022	(171,405)	10,000	51,401
				81,784	141,022	(171,406)		61,401

Restricted	Funds
			Balance at	Incoming	Outgoing	Balance at
			01/04/2020	resources	resources	$1/03/2021
Restricted	fund		29,515	58,079	(42,374)	45,220
			20,616	68,070	(42,$74)	46,220
Restricted	Funds - Previous year
			Balance at	Incoming	Outgoing	Balance at
			01/04/2010	resources	resources	31/03/2020
Restricted	fund		13,475	89,585	(73,545)	29,515
			13,476	60,666	(73,646)	29,616
Purpose	ofrestricted	funds

Analysis ofn	e	t assets between funds
			Tangible	Nst current	Nst Assets
			fixed assets	assets /
				(//abgit/ss)
				6
Unrestricted	funds
General
General			2,725	48,126	50,851
Des/gna/ed
Unrestricted		-nesignated		22,960	22,960
Restricted funds
Restricted		fund		45,220	45,220
			2,726	116,$06	110,031

Previous year	Previous year
		Tangible	Net current	Nat Assets
		fixed assets	~casts I
			alabifltfes)
			6
Unrestricted	funds
Generai
General		3,633	34,292	37,925
Designated
Restricted funds
Restricted	fund		42,999	42,990
		3,633	77,282	80,916