|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|
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||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)|
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||||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$,031|ao,a18|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||6|6|
|Arts Council England -||National|Porffolio|126,867|124,575|
|Arts Council England -||Protect Grant||22,500|56,250|
|Creabve Europe||||25,739||
|Embassy of Brazil|||||616|
|English
PEN||||1,500|7,250|
|Estate ofSarah Maguire|||||4,500|
|Fondation Jan Michalski|||||7,000|
|Garfield Weston Foundation||||25,000||
|Garrick Charitable|Trust||||3,500|
|Sir William Boreman's||Foundation||4,950||
|Sundry grants||||1,000||
|The Bribsh Council||||1,500|3,000|
|Virtuago|||||4,245|
|||||200,oee|210,030|
|3.Income from charitable||activities||||
|||||2021|2020|
|||||6||
|Unrestricted
funds||||||
|Artistic programme||||||
|Event and Workshop||income||5,481|1,459|
|Venue and promoter fees||||3,232|7,746|
|Book sabra and royalties||||8,744|3,736|
|Sponsorship|||||400|
|Other income|||||1,590|
|||||17,467|14,031|
|||||17,457|14,031|
|4.Investment
Income||||||
|||||2021|2020|
||||||6|
|Unrestricted
funds||||||
|Bank interest receivable||||82|316|
|||||02|316|
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|6.Expenditure
o|n gene|rating
d|onations
and legacies|||||
|---|---|---|---|---|---|---|---|
|||||||2021|zozo|
|||||||6|6|
|Unrestricted|funds|||||||
|Donations||||||12,375|20,041|
|||||||12,37$|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|
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|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|
##
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|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|
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|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|||||
##
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|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|