||||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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |tatement of Financial|Activ|ities (in|cluding
an I|ncome &Ex|penditure|Account| |---|---|---|---|---|---|---| ||||Un-|||| ||||restricted|Restricted||| ||||funds|funds|Total|Total| ||||2023|2023|2023|2022| |Income from:||Note||||| |Donations
and legacies|||193,596|3,775|197,371|190,865| |Charitable
Activities|||97,406|50,005|147,411|276,483| |Trading Activities|||3,500||3,500|| |Investments
—bank interest|||517||517|933| |Total income|||295,019|53,780|348,799|468,281| |Expenditure
on:||||||| |Raising funds|||20,171||20,171|18,504| |Charitable
activities|||263,391|58,870|322,261|439,245| |Total Expenditure|||283,562|58,870|342,432|457,749| |Net income/(expenditure)|and|||||| |net movement
in funds for|||11,457|(5,090)|6,367|10,532| |year||||||| |Reconciliation offunds||||||| |Total funds brought forward|||249,292|5,431|254,723|244,191| |Transfer offunds|||341|(341)||| |Total funds carried forward|||261,090||261,090|254,723| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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|on r|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|under non-cancellable|operating||| |---|---|---|---|---|---| |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|