| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 3-10 | ||
| Statement ofTrustees responsibilities | |||
| Report ofthe independent examiner |
12 | ||
| Statement offinancial activities (incorporating | an Income &Expenditure | Account) | 13 |
| Balance sheet | 14 | ||
| Principal Accounting Policies |
15-17 | ||
| Notes tothe financial statements | 17-26 |
| Un- | ||||||
|---|---|---|---|---|---|---|
| restricted | Restricted | |||||
| funds | funds | Total | Total | |||
| 2021 | 2021 | 2021 | 2020 | |||
| income from: | Note | |||||
| Donations and legacies |
194,803 | 1,000 | 195,803 | 199,076 | ||
| Charitable Activities |
37,80& | 44,143 | 81,951 | 140,175 | ||
| Trading Activities | 840 | 840 | 6,700 | |||
| investments —bank interest |
991 | 991 | 1,571 | |||
| Total income | 234,442 | 45,143 | 279,5$5 | 347,522 | ||
| Expenditure on: |
||||||
| Raising funds | 4 | 16,236 | 16,236 | 16,075 | ||
| Charitable activities |
5 | 172499 | 49,983 | 222,8$2 | 300,636 | |
| Total Expenditure | 189,135 | 49,983 | 239,118 | 316,711 | ||
| Net income/(expenditure) | and | |||||
| net movement in funds for |
45,307 | (4,840) | 40,467 | 30,811 | ||
| year | ||||||
| Recondliation offunds |
||||||
| Total funds brought forward | 199,864 | 3,860 | 203,724 | 172,913 | ||
| Transfer offunds | (2,040) | 2,040 | ||||
| Total funds carried forward | 243,131 | 1,060 | 244491 | 203,724 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 8 | ||||
| Un-restrictedi | ||||
| Arts Council England - National Donations (Including Friends) |
Portfolio Funding | 184,375 428 |
181,044 707 |
|
| Gifts in kind Grants —Birmingham City Council COVID relief Total un-restricted grants &donations Restricted grants: |
10,000 194,803 |
13,250 195,001 |
||
| Grimmitt Trust Grantham Yorke Trust University of Birmingham |
1,000 | 1,000 1,275 800 |
||
| The Cadbury Family Trust |
1,000 | |||
| Total restricted grants | 1,000 | 4,075 | ||
| Total income from donations | and legacies | 195,803 | 199,076 |
| Restricted grants: | 2021 f |
2020f | |
|---|---|---|---|
| Arts Council England - Catalyst Arts Funding —Capacity Building Authors' Licensing &Collecting Society |
1,590 2,250 |
||
| EU- Creative Europe Project Coventry City ofCulture &The British Council |
38,233 5,910 |
41,365 | |
| Total restricted grants | 44,143 | 45,205 | |
| Un-restricted income: |
|||
| Arts Council England —Catalyst Arts Funding- Festivals &events Sale ofbooks &merchandise Writer development |
Match funding | 1,849 19,418 |
9,386 38,832 1,268 21,359 |
| Work with Young Writers &schools Other earned income |
9,741 6&800 |
12,338 11,787 |
|
| Total un-restricted income |
37~ | 94,970 | |
| Total income from Charitable Activities | 81,951 | 140,175 |
| 2021 | 2020 | ||
|---|---|---|---|
| f | f | ||
| Staffcosts Printing, publicity &marketing Allocation ofsupport costs Allocation ofgovernance costs |
costs | 10,293 357 4,621 965 |
9,832 1,406 4,031 806 |
| 16,236 | 16,075 |
| Festivals | Writer | Young | 2021 | |
|---|---|---|---|---|
| &Events | development | Writers | Total | |
| Direct venue and production costs Direct writers' fees and expenses Direct production costs of READ ON project Coventry City ofCulture Contains Strong Language |
6,502 5,247 |
E 8,858 5,553 |
E 2,355 18,903 18,519 |
f 17,715 29,703 18,519 |
| Festival Bursa ries Marketing, printing &publicity Staff costs Support costs Governance costs |
5,100 5,003 36,677 19,396 4,051 |
2,125 715 18,657 7,986 1,669 |
1,072 32,218 18,426 3,850 |
5,100 2,125 6,790 87,552 45,808 9,570 |
| Total 2020/21 | 81,976 | 45,563 | 95~ | 222,882 |
| Festivals | Writer | Young | 2020 | ||
|---|---|---|---|---|---|
| &Events | development | Writers | Total | ||
| Direct venue and production costs Direct writers fees and expenses Direct production costs of READ ON project Freelancers fees Marketing, printing &publicity Staffcosts Support costs Governance costs |
17,808 25,406 7,000 16,819 32,372 22,245 4,446 |
f 17,532 12,784 2,401 19,851 7,863 1,572 |
E 2,959 32,654 22,525 3,604 32,046 15,626 3123 |
E 38,299 70,844 22,525 7,000 22W4 84,269 45,734 9,141 |
|
| Total 2019/20 | 126,096 | 62,003 | 11M37 | 300,636 |
| Support | Governance | 2021 | |
|---|---|---|---|
| Staffcosts Staff training, travel &subsistence Office costs New website development Depreciation Accountancy fees Legal &professional fees Independent Examiners fees |
costsf 9,579 401 25,368 6,000 609 8,472 |
costs f 7,990 942 53 1,550 |
Total 17,569 401 25,368 6,000 609 9,414 53 1,550 |
| Total 2019/20 | 50,429 | 10,535 | 60,964 |
| Support | Governance | 2020 | |
| Staffcosts Staff training, travel &subsistence Office costs Depreciation Accountancy fees Legal fees Independent Examiners fees |
costsf 9,174 5,485 27,318 372 7,416 |
costsf 7,635 824 13 1,475 |
Total f 16,809 5,4&5 27,318 372 8,240 13 1,475 |
| Total 2019/20 | 49,765 | 9,947 | 59,712 |
| Net expenditure forthe year |
|||
| Net expenditure for the year isstated after charging: |
2021 f |
2020 f |
|
| Depreciation Independent examiners fees- |
609 | 372 | |
| Independent examination Accountancy services |
1,200 350 |
1,200 375 |
| Analysis | ofstaff costs, trustee remunera | tion and expenses |
||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | E | |||
| Salaries | 106,685 | 103,266 | ||
| National | Insurance | 4,178 | 4,866 | |
| Pension | 4,551 | 2,778 | ||
| Total | 115,414 | 110,910 | ||
| aff Numbers | ||||
| Number | Number | |||
| Average | number offull-time equivalent | excluding Trustees | 3.4 | 3,4 |
| Furniture, | ||||
|---|---|---|---|---|
| Computer | Fixture, & | |||
| Equipment f |
Fittings f |
Totalf | ||
| Cost | ||||
| At beginning | ofyear | 12,947 | 1,615 | 14,562 |
| Additions | ||||
| At end ofyear | 12,947 | 1,615 | 14,562 | |
| Depreciation | ||||
| At beginning ofyear Charge for the year |
11,568 608 |
1,615 | 13,183 608 |
|
| At end ofyear | 12,176 | 1,615 | 13,791 | |
| Net BookValue | ||||
| At31March | 2021 | 771 | 771 | |
| At 31March 2020 | 1,379 | 1,379 | ||
| 10.Debtors | ||||
| 2021f | 2020 f |
|||
| Trade debtors Other debtors |
67,141 2,893 |
3,793 3,408 |
||
| Pre payments | 3,585 | 3,902 | ||
| 73,619 | 11,103 |
| 1.Creditors: amounts fall |
ing due within one year | ||
|---|---|---|---|
| 2021 | 2020 | ||
| f | |||
| Trade creditors Taxation and social security Deferred income Accruals |
14p119 2,437 110,095 2p320 |
8,615 2,256 92,104 2,004 |
|
| 128,971 | 104,979 | ||
| Oeferred income: | 2021 f |
2020f | |
| Balance brought forward Transferred to statement Deferred in year |
offinancial activities | 92,104 (40,491) 58,482 |
37,080 (47,235) 102,259 |
| Balance at end ofyear | 110495 | 92,104 |
| Balance at | Balance | ||||
|---|---|---|---|---|---|
| 2020/21 | beginning of year f |
Income f |
Expenditure f |
Transfers f |
at end of yearf |
| Restricted funds | |||||
| Authors' Licensing &Collecting Society Tindal Street Press Contains Strong Language Festival EU-Creative Europe Project Grimmitt Trust towards Young Writers Groups |
2,250 1,610 |
5,910 38,233 1,000 |
(1,610) (7,100) (40,273) (1,000) |
2,040 | 2,250 (1,190) |
| Unrestricted funds |
3,860 | 45,143 | 49,983) | 2,040 | 1,060 |
| General fund Total |
199,864 203,724 |
234,442 279,585 |
(189,135) (239,118) |
(2,040) | 243,131 244,191 |
| H | Cross | E1,450 | (2020:E750) |
|---|---|---|---|
| G | Leadbetter | Enil | (2020:E500) |
| G | Bestow | E100 | (2020:Enil) |
| The total future minimum leases are asfollows |
lease payments | under non-cancellable | operating | 2021 | 2020 |
|---|---|---|---|---|---|
| Expiring: | E | E | |||
| Within one year Between two and |
five years | 14,010 |
| Un- | ||||
|---|---|---|---|---|
| restricted | Restricted | |||
| funds | funds | Total | ||
| 2020 | 2020 | 2020 | ||
| Income from: | ||||
| Donations and legacies Charitable Activities Trading Activities Investments |
195,001 94,970 6,700 1,571 |
4,075 45,205 |
199,076 140,175 6,700 1,571 |
|
| Total income | 298,242 | 49,280 | 347,522 | |
| Expenditure on: | ||||
| Raising funds | 8,760 | 7,315 | 16,075 | |
| Charitable activities |
250,664 | 49,972 | 300,636 | |
| Total Expenditure | 259,424 | 57,287 | 316,711 | |
| Net income/(expenditure) | and | |||
| net movement in funds for |
38,818 | (8,007) | 30,811 | |
| year | ||||
| Reconciliation offunds | ||||
| Total funds brought forward | 161,046 | 11,867 | 172,913 | |
| Total funds carried forward | 199,864 | 3,860 | 203,724 |