RECISTERED COMPANY NUMBER: 07S38636 (England and Wales) REGISTERED CHARrrY NUMBER: 1143727 rt ofthe Trnstees Unaudited Financial tattments for the Period J June 202110 31 Dec¢rnb¢r 2 21 for Essex Book Festival Fisher Michael The Old Grange WatTen Estste Lordship Road Writtle CMI 3WT AB6B50GB 1fAc6f2022 c(PANIEs HOUSE
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E55ex Book Festival Contents of tht Financial Statements for th¢ P¢Tiod l 202110 31 Detember 2021 Page Report ofthe Trus1e¢s Independent Ex8miDtr's Report Statem¢DI of Fin*ncial Ac¢iviti¢s Balathct Sheet Notes to the Finaneial Statements 6 to 9
Essex Book Futival isteTed number: 0753 636 Re rt of th¢ Trustees for the Period l June 2021 to 31 Deeember 2021 The trustees who are also director5 of the charity for the purposes of the Companies Act 2006. present their report with th¢ financia] statements of the charity for the period l June 2021 to 31 December 2021. The trn5tee5 have adopted the provisions of Accolmting and Reporting by Charities.. Statement of R¢comm¢nd¢d Practice applicabl¢ to chariti¢S preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019). ORIECTIVES AND ACTIVITIES Obj¢¢tive$ and aims The objectives of the clwity are to advance th¢ education of the publTrc in Essex by promoting literature, reading for pleasure and supporting and developing writers. The objectives are mei primarily, through an annual Essex Book Festival. which offers OppornlI1es for local. national and international authors to discuss iheir Works. writing workshops and competitions for budding authors. Signific*nt activities The period covering l June 202110 31 December 2021 maTks an exceptional period of activity for Essex B¢)ok Festival. Unlike previous years when the festival has ¢aken place in the month of March, the main body of festival activity took place over an extended period of l June to.3 1st August 2021 in an attempt io miiigate the poiential impact of Covid-19. As a r¢sult of Covid restrict10115, L.e. reduced audience capacities in key venues. audience trepidation, and the introduction of digital events to replace in person events. there a rnarked reduction in ticket tncoTt]e. This did not ome as a surprise and rnirrored the experi¢nc¢ of sitllilar festiva]s in the region and nationally. Overdll, ID the ligbt of the exceptional circumstancK the Essex Book F¢stival 2021 was deemed to be a suc¢¢ss. and more than thaL to have proven its ability to weather muliiple challenges in a swiftly changing (ime. Essex Book Festival also welcomed the oppotDmity to be part of a 10ftaI schools. 3-year projeci Spoken Word Power led by Eastside. a London-bas¢d Educational Arts Trnst which is COTnmitted io delivering cultural projects for young people living in under-represented areas. The project began in SepteTllber 2021 and will run through until September 2023 thus providing Ess¢x Book Fes1ivo] with greater fitwicial s¢curity moviAg foThvards. Publie benefit Our main activities and who we ty io help are described above. All our chari¢8ble activities focus on the education of the public and are undertaken to further our charitsble purposes for the public benefiL FINAf4CIAL REVIEW Reserves poliey Th¢ E5s¢x Book Festival maintsined two reserves during ihe year. The general r¢s¢rve i$ maintained at a level which the board of TnLStees believe is required in order to contirtue to run the charity as a going concern. It is th¢ Trustees, opinion that a relatively high general res¢rv¢ is required in order to mitigate the risks around future grdnt and other support income. The current T¢s¢rv¢ l¢vel will offer some ¢¢rtainty to provide fUtte festivals through to 2022. The charity also maintained restricted reserves generated from the Arts Council England. The reserves were used to develop specific projects. partnerships and audiences with the aim to embed div¢rsity into all our festival events. Going concern No material uncertainties exisl regarding the charl5 abilty to continue as a going concern. STRUCTifRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governiTrg documenL a deed of trus4 and constiDJtes a limikd company, limited by guaraniee, as defined by the Companie5 Act 2006. Re£rltment and appointment of new trusttts The direciors of the ¢ompaDy axe also charity tru5t¢¢5 for the purposes of Gharity law. The tte¢S are ¢lect¢d to serve at Annual G¢neral Meetings. Page I
rt rthe Trustecs f r the Period l June 2 21 t REFERENCE A]¥D ADMINISTRATIVE DETAIiS Registered Company number 07538636 (England and Wales) Regist¢r¢d Charity Durnber 1143727 Registered office 125 High Stre Col¢hester Essex coi isz Trustets P B Donald50ll MtsSMFord J R Luc&s (resigned 10.11.21) J A Macdonald Ms P A Gaudin Ms C Shesiopal T Fisher (apN)inted 10.11.21) Independent Examiner Fisher Michael Th¢ Old Grdnge Wanen Esia LATrrdship Road Writt1¢ Essex CMI 3WT This report h&s been prepared in acLordance with the spttial provisions of Pan 15 of th¢ ComF¢nies ALX 2006 relating to small companies. 071(W2022 Approved by order of th¢ board of thjstees on............................................. 8t signed on its behalf by.. J A Maclk)Dd- TILtte
Inde ndent ExArniner's Re ort to the Trustees of Esstx Book Festival Independent examiner's report to the trustett of Essex Book Festival Cthe Cojnpafty.) I report to the charity trllstees on my exarnination of the ounts of the Company for th¢ Friod l Jun¢ 2021 to 31 December 2021. Responsibilities and basi5 of report As the charity's trustees of the Company (and also its directors for the purposes of wrnpany law) you are resPOn5ibl¢ for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Cthe 2006 Act.). Having satisfied myself thw ihe accounts of the Company are not required to alIted under Part 16 of the 2006 Aei and are eligible for independent examination. I r¢port in respect of my examination of your charitys arxounts as ca1¢d out under section 145 of the Chartiies Act 2011 (the 2011 Act). In Carrying out my examination I have followed the Directlons 8Lven by the Charity Cornmission under secrion 145(5) (b) of the 2011 Act. IJ)dependent examiner's statement I have completed my examin70n. I confuTh that no matters have come to my attention in connection with the examination giving me cause to believe= ac¢ounting records were noi kept in respect of the CornpaDy &5 required by section 386 of th¢ 2006 Act" or the aOnts do not accord with th05¢ records; or the accounts do not comply with the arxounting requirements of tIOn 396 of the 2006 Act oth¢r th8n any requirement that the accounts give a true and fair view which is not a matter considered as part of an independeni examination,. or the accounts have not been prepared Tn accordance with the meth(yJs and prti)ciples of the Staiemeni of RecomTnended Praciic¢ for accounting and reporting by charities (applicable to charitie5 Preparing their accounts in aOrdaIe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matt¢tS in cofLnection with th¢ examination io which attention should be (Irawn in this report in order io enable a proper understanding of the accounts to be rexhed. Mrs A S Kaley Fish¢r Michael The Old Grang¢ Warren Estst¢ Lordship Road Writtle Essex CMI 3WT Page 3
Essex Book Festival Statetnent of Financial Activities for the Period l Jun¢ 2021 ¢0 31 De¢ember 2021 Period 1.6.21 Y¢aT Ended 31.5.21 Totsl funds 31.12.21 Total funds Unre5trithd fimds R¢5tri¢t¢d Notes INCOME AND ENDOWMENTS FROM Donations and legacies 19.543 24.900 44.443 78,666 EXPENDITURE ON Charitable activities Event Cosis 1.896 12.420 14.316 30.014 Other 13,346 12.480 25.826 48,579 Total 15.242 24,9CM) 40.142 78,593 NET INCOME 4.301 4.301 73 RECONCILIATION OF FUNDS Total funds brought forw*rd 27.372 27,372 27,299 TOTAL FUNDS CARRIED FORWARD 31.673 31,673 27,372 The notes fortn part of these financial ststements Page 4
F¢stiv*l Balance Sheet 31 De¢ember 202 2021 2021 Total ds UnTestri¢toJ Restricted funds nds CURRENf ASSEIS Debtors Cash bank 930 36,932 930 36,932 365 28,007 37.862 37,862 28.372 CREDITORS Amounts falling due within 01 year (6,189) (6.189) 11,0001 P4Er CURREla ASSETS 31.673 31.673 27,372 TOTAL ASSE15 LESS CURRENr LLiBILITIFS 31,673 31.673 27372 NET ASSETS 31.673 31,673 27,372 FUNDS Unrestricted funds 31.673 27.372 TOTAL FUNDS 31,673 27.372 The charitsbl¢ ¢ompaDy is entitled ¢xemyion from audit Se¢tion 477 of th¢ Ci)mpani¢5 Art 2(K>6 for the period ended 31 Decernr 2021. me[nbe have )t ffquired the company obtsin an audit of its finan¢ial $Tents for the period ¢nd¢d 31 Dec¢mber 2021 in accordw with SKtion 476 of the Companies Act 2006. The trwsie¢s acknowled8e their $)nsibilItieS for (a) ensuring Th the ¢haritable company ke¢ps accrAmtit)g frdS that comply with Se¢tions 386 and 387 of the Companies Act 2006 and PTtpaTing finan¢iai sthtemenls whi¢h give a trne and fair vi¢w of th¢ state of affairs of the ¢haritable company &s the end of each fjnancial year and of it5 surplus or deficit for exh financia] year in accordanrc with the requirements of Sections 394 and 395 and which oihenvis¢ comply with the requirements of the Companie5 Aet 2006 relatin8 to financial 5tatementy so far as applicable to the charitable company. {b) These financial statements have prepared in xcord3nce with the provision5 applicable to charitablc companTr¢s subject to the small companies regime. The financial sNements were appmed by the Board of Tnjsiees and 4uth)rised for issue 071(12022 .. and were signed on its Fxhalf by: on J A Macdonald- Trustee The ]M)tes fonn part of these financia] sraternents
Essex Book Festival Notts to the Financial Siattments for the Period l June 2021 ¢0 31 D¢vmber 2021 AccouNNG POLICIES Basis of preparing the fiDancial staiements Th¢ fujanrial statements of th¢ charhtable company. which 15 a public benefit entity und¢r FRS 102, have been prepared in accordance with the Charitie5 SORP (FRS 102) 'Ac¢ounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities prepanng their accounts in accordance with the Financial Rtporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Compani¢s Act 2006. The financial ststernents have been prepared under the historical cost convention. Income All income is recognised in the Staternent of Fin8nci81 Activitie5 onee the chaxty h&s entttlement to the fimds, it is probable that the income will be received and the amowjt un be measured reliably. Expenditure Liabilities are recogni5ed expenditure as soon there is a legal or construciive obligation eommstting the charity to that expenditure. it is probable that a transftr of ¢contsmi¢ benefits wll be required in settlemenr and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrua15 basis and has been classified wjder headings that aggregate all cost related to th¢ category. Where costs cannot be directly attributed to wticular headin8s they have been allo¢a*d activities on a b&5is consistent with the use of Tesources. Taxation The charity is exempt from corpoTation tax on its charitable a¢tivitie5. Fund ateounting Unrestricted filnds can be in accordance with the charithble objectives at the discretion of the trustees. Restricted can only be used for particular restricted Purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purp05e5. Further explanation of the nature and purpose of ¢ach fiujd is iD¢lud¢d in th¢ not¢s to the financial statements. TRUSTEES, REMUNERATION AND BENEFITS Th¢re were no trustees. remunerdtion or other benefits for the period ended 31 Dttetnber 2021 nor for the year ended 31 May 2021. Trstee$, expenses There were no trustees, expenses paid for the period ended 31 December 2021 nor for the year ended 31 May2021. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fvnds Re5tri¢ted fimds TotAI funds INCOME AND ENDOWMENTS FROM Donations and legacies 17.441 61225 78,666 EXPENDITURE ON Charitable aetivities Event Costs 3.751 26263 30,014 Other 13.617 34,962 48.579 Total 17.368 61.225 78,593 Pag¢ 6 ¢ontinu¢d...
k Fest&v*l Note5 to the Financial Ststements- eoniinued for the Period l June 202110 31 December 2021 COMPARATIVES FOR THE STATEMENT OF FI]¥ANCIAL AcfiviTIES- continued Unresrricted Restricted fimds funds Total fijnds NET INCOME 73 73 RECONCILIATION OF FUNDS Tot41 funds brought ft>rward 27299 27,299 TOTAL Fuf4DS CARRtED FORWARD 27,372 27,372 DEBTORS: Amourfrs FALLING DUE wrrHIN ONE YEAR 2021 2021 Pr¢payrn¢Dts 930 365 CREDITORS: AMOUNTS FALLING DUE wfnill¥ ONE YEAR 2021 2021 Trad¢ creditors Accruals and d¢f¢rred income 189 6.000 1,000 6,189 1.000 MOVEMENT IN FUNDS Net movement in funds At 31.12.21 At 1.6.21 Unrestricted funds General fwid 27,372 4,301 31.673 TOTAL FUNDS 27.372 4,301 31,673 Page 7 continued...
Essex Book Festiv*l Not to the Finaneial Statements- Continued lor the Period l Jun¢ 2 211 31 December 2021 MOVEMENf IN FUNDS- continued Net movement in fijnds, in¢lud¢d in the above are follows.. Incoming resource5 Movement in fijnds expended Unrestricted funds Gtnerdl fid Essex County Council ATts tkv¢lopment 14,543 5,0(X) (10,242) (5.000) 4,301 19.543 (15,242) 4,301 Restricted funds Arts Council Grant 24,9CKI (24,9(NJ) TOT AL FUNDS 44.443 (40.142) 4,301 Comparatives for movement in fund$ Net rnovement in fid$ At 31.5.21 Ai 16.20 Unrestrieted funds General fimd 27.299 73 27.372 TOTAL FUNDS 27.299 73 27,372 Comparative net movement in fimds. included in th¢ aE#)v¢ are as follows.. Incoming Resources resources expended Movement in fund5 Unrestricted funds General fvnd Essex County Council Arts D¢velopm¢nt 2.441 15.000 (2.368) (15.000) 73 17.441 (17.368) 73 Regtrieted funds Arts Council Grnit 61,225 (61,225) TOTAL FUNDS 78,666 (78,593) 73 Page 8 continu¢d...
Essex Book Festival Notes ¢0 the Financial Statern¢nts- continued for tkne Ptriod JuDe 2021 to 31 December 2021 ULTIMATE PARENT COMPANY Th¢re is no ultimat¢ ¢oittrolling paty. RELATED PARTY DISCLOSURFS Th¢re were no related party transaction5 forthe period ended 31 December 2021. Page 9