2023-03-31-accounts - Writing West Midlands Ltd

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			Page
Report ofthe Trustees			3-11
Statement ofTrustees responsibilities			12
Report ofthe independent examiner			13
Statement offinancial activities (incorporating	an Income 5Expenditure	Account)	14
Balance sheet			15
Principal Accounting Policies			16-18
Notes tothe financial statements			19-28

Income from don	ations and	legacies
			2023	2022
			f	E
Un-restricted:
Arts Council England —National Donations (Including Friends)		Portfolio Funding	1&4,375 496	184,375 970
Gifts in kind			8,725	3,120
Total un-restricted	grants 8 donations		193,596	188,465
Restricted grants:
Authors' Licensing	8cCollecting	Society	3,775	2,400
Total restricted grants			3,775	2,400
Total income from	donations	and legacies	197,371	190,865

Income from charitable activi	ties
			2023	2022
Restricted grants: EU- Creative Europe Project Coventry City of Culture Birmingham City Council —Commonwealth Total restricted grants		Games Project	f 3&,535 11,470 50,005	f 41,308 200,089 241,397
Un-restricted income:
Festivals &events			20,197	5,127
Writer development Work with Young Writers L schools Other earned income			13,342 44,136 19,731	16,870 9,988 3,101
Tota I un-restricted income			97,406	35,086
Total income from Charitable	Activities		147,411	276,483

Analysis	ofexpenditure	aising funds
			2023	2022
			f	f
Staff costs			12,059	11,019
Printing,	publicity 8 marketing	costs	1,111	537
Allocation Allocation	ofsupport costs ofgovernance costs		5,739 1,262	5,836 1,112
Totalcos	tofraisingfunds		20,171	18,504

Analysis of	expe	ndit	ure on charit	able activities
					Festivals	Writer	Young	2023
					&Events f	development E	Writers E	Total f
Direct operating		and	programming	costs	37,888	20,958	46,694	105,540
Coventry City of		Culture Contains		Strong Language
Festival					34,024			34,024
Bursa ries						2,034	1,477	3,511
Marketing,	printing		&publicity		15,548	2,221	3,333	21,102
Staff costs					41,774	19,803	38,437	100,014
Support costs					19,883	9,426	18,295	47,604
Governance	costs				4,372	2,072	4,022	10,466
Total 2022/23					153,489	56,514	112,258	322,261

				Festivals	Writer	Young	2022
				&Eventsf	development E	Writersf	Total E
Direct operating Direct production	and programming costs costs of READ ON project			18,773	14,560	20,640 29,171	53,973 29,171
Coventry City of Festival	Culture Contains		Strong Language	193,398			193,398
Bursa ries					1,290		1,290
Marketing, printing Staff costs		&publicity		7,520 40,924	1,074 19,190	1,612 32,620	10,206 92,734
Support costs Governance costs				21,676 4,128	10,164 1,936	17,278 3,291	49,118 9,355
Total 2021/22				286,419	48,214	104,612	439,245

Analysis ofsupport	and governance c	osts
			Support	Governance	2023
			costs	costsf	Total f
Staff costs			18,050	9,215	27,265
Staff training, travel	&subsistence		2,534		2,534
Office costs			31,536		31,536
Depreciation Legal &professional	fees		1.223	13	1.223 13
Independent Examiners fees (including		accountancy)		2,500	2,500
Total 2022/23			53,343	11,728	65,071
			Support	Governance	2022
			costsf	costs f	Totalf
Staff costs			17,689	8,622	26,311
Staff training, travel Office costs	& subsistence		1,460 34,531		1p460 34,531
Depreciation Legal &professional fees Independent Examiners fees Trustee meeting costs			1p274	48 1,650 147	1,274 48 1,650 147
Total 2021/22			54,954	10,467	65,421
Net income for the	year
				2023	2022
Net income for the	year is stated after	charging:		f	f
Depreciation				1,223	1,274
Independent examiners fees- Independent examination Accountancy services				1,350 1,150	1,250 400

Notes to	the financial statements (c	the financial statements (c	ontinued)
8.Analysis	ofstaff costs, trustee remuneration		and expenses
				2023	2022
				f	f
Salaries				130,472	120,561
National	Insurance			5,852	5,159
Pension				3,014	4,344
Total				139,338	130,064
Staff Numbers
				Number	Number
Average	number of full-time equivalent	excluding Trustees		3.7	3.7

Notes tothe financial statements (c	ontinued)
9.Tangible fixed assets
		Furniture,
	Computer	Fixture, 5,
	Equipment f	Fittings f	Total f
Cost
At beginning ofyear	15,907	1,615	17,522
Additions	2,626		2,626
At end ofyear	18,533	1,615	20,148
Depreciation
At beginning ofyear Charge for the year	13,450 1,223	1,615	15,065 1223
At end ofyear	14673		16,288
Net BookValue
At 31March 2023	3,860		3,860
At 31March 2022	2,457		2,457
10.Debtors
		2023	2022
		f	f
Trade debtors		3,576	5,763
Other debtors		2,880	2,880
Prepayments Accrued income		2,558 18,070	5,323 37,350
		27,084	51,316

		2023f	2022 f
Trade creditors		3,453	2,666
Taxation and social security		8,615	1,703
Deferred income		3,269	27,698
Accruals		8,540	4,296
		23,877	36,363
Deferred income:		2023f	2022 f
Balance brought forward Transferred to statement	offinancial activities	27,698 (27,698)	110,095 (89,514)
Deferred in year		3,269	7,118
Balance at end ofyear		3,269	27,698

		Balance at				Balance
		beginning of				at end of
2022/23		year f	Income f	Expenditure f	Transfers f	yearf
Restricted funds
Authors' Licensing &Collecting Society			3,775	(3,775)
Contains Strong Commonwealth	Language Festival Game Project	5,431	38,535 11,470	(43,966) (11,129)	(341)
		5,431	53,780	(58,870)	(341)
Unrestricted funds
General fund		249,292	295,019	(283,562)	341	261,090
Total		254,723	348,799	(342,432)		261,090

		Balance	at				Balance
		beginning	of				at end of
2021/22		year f		Income Expenditure f f		Transfers f	yearf
Restricted funds
Authors' Licensing g Collecting Society		2,250		2,400	(4,650)
Contains Strong Language Festival EU- Creative Europe Project		(1,190)		200,089 41,308	(193,468) (43,927)	2,619	5,431
		1,060		243,797	(242,045)	2,619	5,431
Unrestricted	funds
General fund		243,131		224,484	(215,704)	(2,619)	249,292
Total		244,191		468,281	(457,749)		254,723
13.Analysis of	net assets between funds
				Un-
2022/23				restrictedf	Restrictedf	Totalf
Fixed assets				3,860		3,860
Debtors				27,084		27,084
Cash at bank	and in hand			254,023		254,023
Creditors				(23,877)		(23,877)
Funds				261,090		261,090
				Un-
2021/22				restricted f	Restrictedf	Totalf
Fixed assets				2,457		2,457
Debtors				51,316		51,316
Cash at bank	and in hand			211,301	26,012	237,313
Creditors				(15,782)	(20,581)	(36,363)
Funds				249,292	5,431	254,723

The total future minimum	lease payments
leases are as follows Expiring:		202$ f	2022 f
Within one year
Between two and	five years

7. Prior year comparative State	ment	ofFinancial Activ	ities
		Un-
		restricted	Restricted
		funds	funds	Total
		2022	2022	2022
Income from:
Donations and legacies		188,465	2,400	190,865
Charitable Activities		35,086	241,397	276,483
Trading Activities
investments —bank interest				933
Total income		224,484	243,797	468,281
Expenditure on:
Raising funds		18,504		18,504
Charitable activities		197F200	242,045	439,245
Total Expenditure		215,704	242,045	457,749
Net income and net movement	in
funds for year		8,780	1,752	10,532
Reconciliation offunds
Total funds brought forward		243,131	1,060	244,191
Transfer offunds		(2,619)	2,619
Total funds carried forward		249,292	5,431	254,723