## ||||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|