RliGISI'ERED COMPANY NUMBER.. 07538636 IEtLgland Wgles) REGISTERED CHARITY NUMBER: 1143727 And UllAuditeil Finaneial StAeMents foi. tILe Year Endtd 31 December 2022 for Essex Book Festival Fisher Mi¢h4el The Old Grdnge WariEn Estate LoTd%hip Road Writtle Essex CMI 3WT
Essex Ilook festival Contents of the Fine]l Stgtements foi. the Yeui'_EtLI!ed_31 December 2922 Page Report of the Tru5tce5 Independeiit ExAmin¢i"s Report Statement ofFinHncial Activities BAIAn¢¢ Sheet Note5 to the FRiiAnei81 St#teNients Detaile(I StAtement of FinaticiAI Adlvlties 10
Essex Bool( If¢stivAI Repo[ Ihe Trustees ¢_y..L&r Eii(led 31 Decemb_er 2022 The trustees who are also directors of the charity for the purp05ES of the Lonipanies Act 2006, present their IEport with rhe financial stateinenis of the cliaiity for ihe year elided 31 December 2022. 'fhe trusl¢¢s have adopted thc provision8 of Aceoutiting and Rewrting by Charities.. Statemeiit of Kecomineiided PrnGti¢¢ applicablc to chai'ities preparing theii. accounts in accoTdanc¢ with the Financial Reporting Standaid applicabl¢ in the UK and Republic of Ireland IFRS 1021 {effrGlive l January 20191. OIIJI,.'CTIVLS ANI) ACI'IVITIE4 S Objectives Rnd aims The thbje¢tivc% of the charity are to advance the education of the public in Essex by piDmoting literature, reddii)g for pleasure and suppoiting and developing writers. The objcctive5 are mei, primarsly. tlirough an annual Essex Book Fcstival, wliich offers opportunities foi. local, national intemational authvr5 10 diseu¥s Iheir woi'ks. workshops and compelitions for budding authors. Sigjiifieant aLtivities The periiA covering Isi Jaiiuaiy 2022 to 31st Detember 2022 marks an ambitious and innovative pcriod tsf a¢tivity for Essex Book Festival. That is, both in tems or cojjsolidating and givwing its exi%ting fcstival activity, and also. Ihe establishnient of a new 3-year prograiiime of woi'k in FSeX primary sch(K)Is und¢T the umbrella of the national project Spok¢ii Word Projecl, wliich is led by l-'astsid¢ Edu¢ational'l rust. Working ih partneiyhip with Essex Childrcn'5 IlniveTsity. F,ssex Book Fcstival commissioned 3 artists to nin woikshops with YR3-YR6 childrcn in 6 %chools in Tendring District Council. This culminated in a Regional Spoken Word Slain hosted by Univcrsity of F.ss¢x, segments of which wcre seTeened at The Criterion TheatiE, Londot), as part of World Poetry Day ¢¢lebration8, Wlth a 5clcctioM of the children's poems publislied a5 partof a Swkejj Word Puwer ¢olle¢lioii. Following on from this. the festiv81 h051ed its anniial month-long Essex Book Festival in 40 venues acr055 the tounty with 25r local. national and international ar¢isis paiticipating in its activities it) Jiine. Alihough audience numbcrs were down, line with similar UK venlles and feslivals, the overall feedback from ait15t5. veiiues and audienccs was overwhelinill8ly positive. It additionally rE5111t¢d in a number of new partn¢rships including Creative Basildoll. Backstage Centr¢ and Harwirh Electric Palace Ciiiema. Other notable activities included festival Dire¢tor Ros Cjreen's invitation to attend Global Association of Literary F'estivals S&iTnmit in Lagos, Nigeria, which again has resulted in a nllmber of new partnerships and opporlunities for the ftstival moving forwards. Essex tjook Festival ended the year on high note wilh the award of £20,000 grani from Essex County Cvuncil's Cliinale Action Ciroup, to develop its Manifesto for Essex activity for young people acj'oss Essex lo expre55 their Ideas throiigli Cultural activity over the next 12-months. All in all. excellent show of confidence iii the festival's ability to deliver eartingful gnd impactfvl work for E5SeX. Public benefit Oui. maill activities and who we tiy lo help are described abovc. All Oilr charitable activities focus on the education of the public alld are uiidertaken to further our charitsble piirposes for the piibli¢ benefit. FINANC.IAL REVIEW Reseiwes poliey lThe Ls5¢x Book FestlV81 maintained two rcscives during the year. The general SeTVe is maintain¢d 8t a level which tlie boaTd of Trustees believe is reqiiired iii order lo conliiiue to run thc chariry as a going eonccrn. It is the TTU5tees' opinion ihat a relatively high geiieral I'eserve is rcqiiiird sn ordei. to mitigatc the Tisk5 aivund fuiure grant alld otliei. support incoiMe. The current irserve level will offer some certainty 10 provide fuiuir festivals. The chaTi(y also maintained restricted reserves gen¢rHted froin ilie Arts Coiiiicil England. The rescrves werE used to develop specific projects, partnerships and audieiices with the aiin to embed diversity into all OilT ftstival evenfs. Going coilcerji No material uncertainties exist Tcgarding the charity's ability to continue as a goit)E conc¢m. Page I
i ssex Ilook fieltival ort of the-I'rii$tee$ foi. tlie Yegj. Eniled 31 Decemher 2022 s'rRUCTURC, GOVEI RNANCE AND MANACEMENT Govei'tiing dLUJi]ent The chaiity is controlled by ils goveming document, a deed of trust, aiid eonstitutes a limited company, limited by guaranteE a5 defEned by the CDrnpanies Act 2006. Reei'uitment And APPOiEltment of iieiy tl'U5fee5 The dir¢¢tors of thc comp)Dy ale also charity trusltes for the piirpose8 of charity law. The tiustees are elected to serye ai Aiinual Genei?l Mectings. REFERC4NCE AND ADMINISTRATIVF. DF,TAIIS Registered CompHny number 07538636 (England and Wales) Regislered Charity nutnber 1143727 Registered office 125 Iligh Street Col¢he%ter Essex coi Isz Ti'u5tees P B Dojialdson Mrs S M Fol'd (Itsigntd 26.9.221 J A Macdollald P A Gaudin s C Shestopal T Fi5hEr F Ogunlana-Fadipe (appointed 7.11.22) Independent Examiner Fisher Michael The Old Grange Warren Esiate Lordship Road Wi'itile Essex CMI 3wr Thi5 report has bcen ppared in accoilance with the speci81 provisions of Part 15 of the Compatiies Act 2006 latiftg to small ¢tsnipanies. 2210612023 Approved by oiy]cr of the Lx)ard oltriislees on ............................................. and sigtied on behalf by.. J A Macdoiiald- Trustee Page 2
de he Ti'u5tee5 of endeiit ExamiTLer's ReoLL_..- Essex BollliEgstiv&! Ind¢p¢nd¢nt exAminer's report to th¢ trustees of Essex Boolc Festival ('the Company'l I report to thc chai'ity trustees on my examination of th¥ a¢¢ounls ofthe Company for the year ended 31 Ik¢emlxr 2022. Responsibiliti And bAsis of repoil As the charity's tiusiees of tlie Company land also ils direGtots for the purposcs of company lawl yoii are rcsponsiblc foi. the preparation of the account5 in accordance willi the reciLiiirmenls of tlie Coinpanies Acl 2006 Ilh¢ 2006 Act,). Having satisfied Tnyself that the accounts of the Company are nnt rcqiiircd to audited iindcr Part 10 of the 2006 Aci and are eligibl¢ fo¥ indcpendent exaimination. I repDrl in i'espect of Iny examination of your chariiy's accounts as ¢ari'ied oiit under Sectioli 145 of the c.harities A¢t 2011 I'the 201 l Act'l. In Carrying out my examination I have followed the Directioiis given by the c.harity Commission uiidci. Section 145{5) Ibl of thc 2011 Act. Indcpen(lertt examitier'5 Stalement I have coinplctcd my ¢Xicmination. I confirm that no matters have come my attention ill connection with the examination giving me cause to believe: accounting Tecords were not kept in respect of the Company as re9uiird by Section 386 of the 2006 Act. or the accounts do not accoi'd with those ttcords. or the accounts do iiot c(>mply wilh the ac£ounling requireincnts of Section 396 of the 2006 A¢t other than ally requii'ement that tlie accounts give a true and fzsr view wliich is not a matter considcred as port of an independenl exainination., or Ihe accounts hav¢ not becn prepared in accordance with the methods and principles of tlie Statement of Rtconimended Practice for accounting and T¢POltin8 by chai'ities (applicable to charities prepariiig tlieir a¢¢ounts in accordance with the Firtancial R¢porting Standard appli¢able it] the UK and Republic Of Ireland {FRS 10211. I havc no con¢¢ms and have come acTOSS no other matters in connection with the exaniiEialion to wliich attention Should bc drawn in this Teptsrt in order to ¢nable a proper undcrsianding of the account5 lo be IEached. Mr5 A S Kaley risher Michael 1hc Old Grange Warrell Estate Lordship Road Wiiltle Essex CMI 3WT Pagc 3
$5ex Ilool( liestiv¥l Statemen f FinxncTal Activitie for Ihe Year EiJilt(131 D¢tembcr 2022 Pei'iod Year Ended 31.12.22 Total fiinds Uni'estricled funds ResiriLted fujjds Total funds Notes INCOME AND ENDOWMENTS fROM Dondiions and leLtaLies 45.-$84 49,899 95,483 44,443 EXPENDII'URL 0, Charil%bl¢ activities Evcnt Costs iovernunce cost8 37.953 10.104 38.954 10,945 76,907 21,049 14,316 Other 25.826 48,057 49,899 97.956 40,142 NET INCOMEI(EXPENDITURI) {1473} (2.4731 4,301 RECONCILIATION OF FUNDS 'lotal funds biY)iight foiww"d 31.673 31,673 27,372 TOTAL b"IINDS CARKIVD foRWARD 29,200 29.200 31.673 The note5 forin part of these financial slateilleii15 Pagc 4
Essex Book Festivwl Balaiir.e Sheel 31 Decembej. 2022 2022 Total fiiiids 2021 'rotal fuiids lJnrestri¢ted funds Reg11'i¢ted funds NotCS CURRENT ASSEI TS Debto Casli at bank 900 56,500 900 56..500 930 36,932 57,400 57,41i0 37.862 CREI Dll'ORS Ainounts falling due within one year 128,2001 {28,200} {6.1891 NET CURRENT ASSETS 29,200 29,200 31,673 TOTAL ASSETS LLI SS CURRENT LIABILITIES 29,200 29.200 31,673 NET ASSETS 29,2(K> 29,200 31.673 FUNDS Unre5tri¢ted ndS 29.200 31,673 TOTAL FUNDS 29,200 31,673 The charitable company is entitled to exernption from audit under Section 477 of the Compat]ies Act 2006 for the year ended 31 December 2022. The members Ive not qUired the company to obtain an audit of its finanGial statements for the yeaT ended 31 Deceinber 2022 in accordance with SlI0n 476 of the Compat]ie5 Act 2006. The trustets acknowledge their responsibiliiies for (al cnsursng that thc ChlIable company keeps accounting r¢¢ords that comply with Sections 386 and 387 of the Companies Act 2006 and prepai'ing financial statements which give a t¢ and fair view of the slatc of affaii's of the charitable company a5 at tht end of each finan¢ial year and of its surplus OT deficit for each financial year ill ac£otdan¢e with the requireinents of Seclions 394 and 395 and which otherwi%c comply with tlie requirements of tlie Companies Act 2006 relating to financial statements, so far as applicable to the Charitable Company. Ibl These fjnaiicial stat¢menls have been prepared in accordanee with the provisions applicable to Charitable companies subject tD the small companies ITgime. Tht financial statements were approvcd by ihe Board of Trustees and authorised for issue ..2210612023...................... and wcre signed on its behalf by.. on J A Macdonald- Trustee Thc notes form part of these financial staieiiieiit5 Page 5
Essex Booh FtstivAI Notes to tlie FiiiaiicjAlt .tements foi. the Yeai. Eiiile(131 Decenjber 2022 ACCOUNTING POLICIES BASIS of piepat'iijg the finAnetal statements The financial SlalemeJis of thc ch81'itable company. which is a public beoefil entity under FRS 102, have bren prcpared ITE accordance witli the Chariti¢s SORP 11-.II£ 1021 'Accuunting and Repoitiiig by Charities.. Statement of Recommended Pracii¢e appliCbIC to Charitics preparing their accuunts accordance wiui the Financial R¢poiting Standard appli¢able in Ih¢ UK and Republic of IIEland 11,"RS 102) (effective l January 20191,, Finan¢ial Ileporting Standard 102 'The Financial ReIting Standard applicable in the UK and Republic of Irelaiid, and the Companies Act 2006. Trie financial statemcnts have bcen prepared und¢r the liislori¢41 ¢05t convent¥on. InLome Shoil t¢rm debtors arc measuTcd at the tiansaclion pijce. less any impairment. All income is r¢Gognised in the Statement of Financial Activities once the cliai'ity has entiilemenl to the funds, it is probAblc that th¢ income will be received And the amount can bt measiired reliably. Expenditui'e Liabilities aiE reLogtiised a5 expenditurc as soon as ihere is a legal or consiTuclive obligation cominitting Ihc cliarity to Ilial expeiiditure, it is probable that a tran.%fer of economic beiiefjls will be reqiiired in scttlcment and thc amount of the obligatTon call be TneasuiEd reliably. Exp¢nditiire is aceouiited foi. otj 2n accruals basis and ha5 been classEficd under hek)dings that aggregate all c05t I'clated 10 thc category. Where costs Cannot be directly attributed to particular headings they have been allo¢ated to activities on a basis consistent with the use of resources. TaxAtto The charity is exempt from corporation tax on ils charitable aciivities. Fund Accounting UnTesti'icled fuods call be used in accordance with the charitable objectives at the discretioji of the trustces. Resh'icted fund5 can oi)ly be used for particular restrictcd purpose5 Wttliin the obj¢ct5 of the charity. Restti¢tions arise when specilied by the donor or when funds aiE raised for parti¢ulaT restricted PUTFK15es. Further explanation of the natUTe and PUTpose of ¢ach fund is in¢luded in the notes to the fjnancial stateniejjts. TRUEF.S, RKMUN&RATION Ah'D BENEFITS TheTe were no trustees. remunerntion or oihEI. benefits for ¢he year ended 31 Dccember 2022 nor for the PEriod ended 31 Deceniber2021. Trustees, txpen5e5 There were no twstees, expense5 paid for the year ended 31 DecEmber 2022 nor for the period ended 31 December 2021. Page 6 tontiiiued...
E55ex B ok Pe%tiv Notes t(b th finAncial St4temen15- tLIAed or the Yeai. li ndeil 31 DeLLlm.¢r 2022 COMPA114TlVKS fiOR TIIE s-fATEMfi N'T OF FINANCIAL ACTIVITIES UnT¢5trictcd funds Ilestricted fi]iids Total funds INCOME AND EiYDOWMENTS FROM tA)nations and legacies 19,543 24.900 44,443 IXPENDJTURE ON Chsi'itable activities Bvent Costs 1.896 12,420 14,316 Other 13,346 12,480 25,826 TotAI 15,242 24,900 40,142 NL"r INCOMF 4.301 4.301 RF.C.ONCII.IATIOIY OF FUNDS Total funds brought forward 27,372 27,372 TOTAL FUNDS CARRIED bORWARD 31,673 31.673 DEwfoRS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Prepayments 900 930 CREDITORS: AMOUTrtfS FALLING DUE WITHIN ONE YEAR 2022 202 Trade creditors Other crediiors Accruals and deferred irtcomc 189 1,200 27,000 6.000 28,200 6,189 OVE4 MENT IN FUIYDS Net movemcnt sn futsds At 31.12.22 At 1.1.22 Unie5trieted fuiLd5 G¢neral fund 31,673 12,4731 29,200 TOTAL FUNI DS 31.673 (2,473} 29,21K) Page 7 continued...
E55ex Book Feslival e fiÉn#rtcial StateineiJts- eorttiiiued ror the Yeai. Li ij(le(131 Decembei. 2022 MOVEMEINTIN FUNDS- continu¢d Net movement iii tund5, included in Ihe above aTe a5 follows.. Ineoining Te50urces Ilesources expetided Movement in funds Uni'estrif t¢d funds GeneTyI ftjnd Essex County Council Arts Developnient 27.084 18,500 {29,557) (18.5001 12,473) Restvicleil funds Arts Colincil Grant 45,584 (48,0571 (2,473) 49,899 {49,899) I'OTAI. FUNDS (97,9561 {2,4731 CompArAtives for movement rn futjds Net movemcnt in funds At 31.12.21 At 1.6.21 Unresti'ieted funds Cjeneral fvnd 27,372 4,301 31,673 TOTAL FIJNDS 27.372 4,301 31,673 Comparativc net movement in funds, included iji the above aTe as follows.. Incoming resourLe5 Resources expellded Movement in fund5 Uiji'esti'icted futkds Get]cral fiiiid Essex Coiinty Council Atts Developjnent 14,543 5,000 110.2421 {5,0001 4,301 9,543 Restricted fund$ Arts C.oun¢il GIEnt {15,242) 4,301 24,9(MJ 124,9001 TOTAL FUNDS 44.443 140,142) 4,301 Page 8 continued...
Es5ei Book 14estival 'otes tu tlie D'inaijcial StAtements- c0ntirud for tlie Year f¥¢ 31 December 21)22 ULTIMATE PARLINI. COMPANY I'here is no iiltiinate Controlling party. REI.,ATEI D PAR'fY DlSC.tDSURES Thcre were no related party transaciions for the yeai. ended 31 Decembei. 2022. Page 9
E55ex Booli Feslivlll iled %tAlemeiit of fillajicial Activllies for tlie Year Li n(leil 31 Decembei. 2U22 Period 1.6.21 to 31.12.21 YeaT Elided 31.12.22 INCOMI,.. AND F,NDOWMENTS DonAtions And legacies Oihcr incoine Grdnts 8.545 35,898 83,700 95,483 44,443 I'otAI in¢oNiing resouj'ces 95,483 44,443 I XPENDII'URL Charilable Activitie5 Marketiiig and aiidiente development Art15tic expenditure 19,852 24,942 3,816 9,601 44,794 13,417 Support costs Other Insurance Accountancy Developtneiit mageT fees 1,100 900 51.162 604 900 25,221 53,162 26,725 Total resoutres expEnded 97,956 40,142 Net (expenditurellineome 12,473) 4.301 Tliis page does not fotTh part of the statutory financial statements Page lo