FOR THE LOVE OF BOOKS FINANCIAL STATEMENTS
Annual Report Ending 30 June 25 Page Trustees. report Independent examiners, report 10 Statement of financial activities 11 Balance sheet 12 Notes to the f inancial statements 13-20 Reference and administrative details 21
Annual Report Ending 30 June 2025 The Winter 2024 and Spring 2025 Festivals have again shown that the CLF audience's curiosity and appetite for a rich programme of events continues to dazzle us. In turbulent times, where copyright, freedom of expression and even of thought are at risk, our Festival continues to provide a vitsl space for reflection and inspiration, and a platform to address the issues of our time with depth and expertise. This year in particular, the Festival opened doors into spaces within this city that may not be visited by some, and welcomed people to share their art, their stories and knowledge with many. Thank you, as ever, for your support of the Festival. Your generosity plays a critical role in fostering creativity. opening access to culture and contributing to this rich cultural offering within Cambridge. We cannot do it without you. Key highlights and achievements for the year A double-bill one-off event in September 2024 whetted the appetite of the audience ahead of our Winter Festival. Elif Shafak and Oliver Burkeman addressed packed rooms" further one-offs featured Dr Suzanne O'sullivan, Nobel Prize Laureate Abdulrazak Gurnah, Rob Macfarlane and Lord Heseltine. We staged two Festivals featuring 135 speakers, including globally renowned and emerging novelists, poets and writers, household names from the worlds of stage, film and TV as well as incisive Cambridge academics, art lovers, environmental campaigners, economists, broadcasters and political heavyweights.
Annual Report Ending 30 June 2025 The Cambridge Series again platformed world-leading Cambridge University academics in a range of events for the intellectually curious: Helen Charman provided a radical case for liberated motherhood, Neil Lawrence interrogated what Al means for our identity, Barbara Sahakian and Christelle Langley provided new perspectives on improving brain health, Joycelyn Longdon inspired us to use climate action as a shared goal and Michael Banner, Dean of Trinity College, made the case for why Britain should pay reparations for historic wrongs to present Caribbean inhabitsnts. The third A Room of One's Own Lecture was delivered by Bloomsbury scholar Frances Spalding, providing a riveting backdrop to the history and reception of Virginia Woolf's landmark text" a limited-edition commemorative pamphlet was produced and distributed to ticket holders. Fiction and poetry featured fulsomely. Iconic novelists Ali Smith and Alan Hollinghurst lit up the nights in November, while Booker Prize winner Samantha Harvey launched our Spring Festival with her extraordinary novel Orbital. With Irish writing in the ascendant, our annual debut novelists panel was devoted to Irish Writers, and we welcomed an exceptional trio of talent: Roisin O'Donnell, Garrett Carr and Louise Hegarty delighted audiences and in return enjoyed long signing queues. ' xi, Poets. actors and wordsmiths such as Michael Rosen, David Larbi. Harriet Walter and Hollie McNish took us on a tour of the English language in all its idiosyncrasies. LIJ FOR THE LOVE OF BOOKS Anniversary events marking literary greats featured at both Winter and Spring Festivals. The extraordinary legacies of James Baldwin. F. Scott Fitsgerald and Jane Austen were each discussed in panel events to sold-out audiences. The climate crisis, nature and the environment were explored in events that challenged, delighted and inspired us to act, with Mike Berners-Lee, Tony Juniper, Helen Czerski, Helen Scales, Guy Shrubsole, Chloe Dalton and Tom Heap. We continued our partnership with the New Statesman, hosting Breakfast with the Editors, the New Statesman Debate, and inviting New Statesman journalists to chair events.
Annual Report Ending 30 June 2025 The debating chamber of the Cambridge Union was put to its traditional use in our annual New Statesman Debate. The motion was carried: This house believes private schools should be abolished. Our third annual State of the Nation Lecture drew a capacity crowd as award-winning journalist, author, broadcaster and academic Gary Younge addressed the Cambridge Union to speak on immigration, freedom and the economy and set out his priorities for what we need to change to improve our country. irter8( We livestreamed sold out events to ensure that popular events remain available to all. We continued to add events to CLF Player, to reach a global audience. This now includes over 420 recordings. CLF Funding Cambridge Literary Festival is a registered charity (1153944). Our objective is the advancement of education for the benefit of the public by the promotion of literature, language and the arts in particular through a literary festival in Cambridge. We have a mixed funding model that includes ticket income, sponsorships, donations, memberships and grant funding. This diverse range of income enables the festival to provide a high-quality range of events, widen access to culture and develop a growing programme of outreach activities. We are registered with the Fundraising Regulator. and we follow the FR code of practice.
Annual Report Ending 30 June 2025 Children's events At a time when reading habits amongst children are changing, we responded with a free Children's Festival and welcomed a throng of talented children's authors. Our annual free Schools Day extended its offer to primary schools in addition to secondary schools with two outstanding events at the Cambridge Union in May 2025. 244 children from local state primary schools were welcomed to an event with award-winning author Patrice Lawrence. a further 257 state secondary school students were enthralled by Jason Reynolds in conversation with Guy Gunaratne on Jason's verse novel Long Way Down. Both audiences exceeded expectation with the scale and detail of their questions. Every pupil went home with a free book. Over 2,100 free tickets to our Children's Festival were given away to children and families. We worked with local schools to ensure that tickets reached families from all backgrounds and we will build on learnings of how we distribute tickets for future free children's events. Cressida Cowell, Jacqueline Wilson. Jamie Smart and Katie Kirby were among those who delighted and dazzled hordes of children on the Cambridge Union stage and in the historic Union Library, a beautiful bookish space for young readers. Cressida Cowell was awarded the CLF Contribution to Children's Reading Award.
Annual Report Ending 30 June 2025 Free tickets & concessions In addition to the 2100 free tickets for the children's Festival, we also provided free tickets for young people leaving care, NHS workers and beneficiaries of cancer charity Something To Look Forward To. IO/ of all tickets were sold as concessions as part of our efforts to widen access to the festival. Free Library event & free books We held a free children's event in Cambridge City Library during Spring half-term. We gave away 130+ books to Cambridgeshire libraries, in addition to the 501 books given to children and young people on the Schools Day. Working with schools We partnered with Cambridge City Council on a Heritage Lottery Funded schools project celebrating 150 years of the Cambridge Corn Exchange. Published children's authors worked in five Cambridge schools delivering a series of creative writing workshops.
Annual Report Ending 30 June 2025 Festival bestselLers Winter 2024 Mackenzie Crook | If Nick Drake Came to My House Patrick Grant | Less Michael Rosen | A Life in Writing Rupert Everett | The American No Tim Spector | The Food for Life Cookbook David Nicholls l You Are Here Led By Donkeys | Adventures in Art, Activism and Accountability Hollie McNish | Lobster." An Evening of Poetry Zandra Rhodes | Iconic Harriet Walter | She Speaks! What Shakespeare's Women Might Have Said Spring 2025 Samantha Har4ey | Orbital Ash Sarkar | Minority Rule.. Adventures in the Culture War Andrew Marr, Helen Lewis, Hannah Barnes & Megan Gibson | Breakfast with the Editors Danny Dorling | Seven Children.. Inequality and Britain's Next Generation George Monbiot | Neoliberalism & How It Came to Control Your Life Helena Kelly, Alex Clark & Bharat Tandon | The Life, Writing & Legacy of Jane Austen Ilan Pappe | What's Next for Israel & Palestine Anthony Horowitz | Literary Lunch Michael Heseltine | An Urgent Agenda to Rebuild Britain lan Hislop, Helen Lewis, Andrew Hunter Murray & Adam Macqueen | Private Eye Podcast Live Richard Ayoade l The Unfinished Harauld Hughes Festival stat - FY24-25 86 events across the year 25 at Winter Festival 54 at Spring Festival 16 livestreamed events 8 one-off events 17,000 tickets were sold of those 2,083 were new customers, who went on to place 3,138 orders, amounting to a total spend of £103k. Total number of customers totalled over 5,500 with 680 of these being international customers, living outside of the UK
Annual Report Ending 30 June 2025 66 Thank you for organising such a brilliant event. My year 9 son has gone to bed early to finish reading. Something that hasn't happened in a long time. 66 You have a terrific Festival, expertly organised and staffed 66 An unforgettable trip! Cambridge is so beautiful and interesting. The lecture was a highlight-e5pecially the free book, sparking my intrigue with its unorthodox themes and experimental word spacing choices. As someone with a passion for reading, I loved itl Educational, inspiring, and just awesome. - Holly - year l O 66 These two weekends are the highlight of my year. 66 It IS such a special event and my experience of you has been so organised and warm - thank you thank you. 66 How you manage to organise such a large event and keep everything to time, ensure we all find our event venue and seat and opportunity to purchase books is truly amazing. I stand in awe of such a featl Well done everyone. 66 Congratulations ... every aspect of your Festival seemed to be running brilliantly welll 66 We are so grateful to the organisers of CLF who went above and beyond in supporting Concrete Rose.. Not only did they generously provide complimentary tickets for our young people and hosts, they also arranged for us to meet with Ashley and enabled us to promote our cause throughout the day. Hearing from a Cambridge graduate with care-experience who has triumphed in spite of hardship was truly inspiring and A5hley'5 warmth and kindness will certainly stay with our young people. /•
CAMBRIDGE LITERARY FESTIVAL LIMITED TRUSTEES, REPORT INCORPORATING A DIRECTOR'S REPORT(continued) FOR THE YEAR ENDED 30 JUNE 2025 Objectives and activities The objects of the charity are the advancement of education for the benefit of the pubLic by the promotion of Literature, language and the arts in particular through Literary festivals in Cambridge, and such other activities as the members of the management committee shalL from time to time determine. The trustees confirm that they have compLied with the duty in section 17(5) of the Charities Act 2011 to have due regard to the pubLic benefit guidance pubLished by the Charity Commission. Structure, governance and management Constitution The company is registered as a charitabLe company limited by guarantee and was set up by a Memorandum of Association on 21 May 2008 and subsequently amended on 25 September 2013 when it became a registered charity, registered charity number 1153944. b. Method of appointment or election of directors The Board of trustees appoint new members of the Board either to fill a casual vacancy or by way of addition to the Board. ParticuLar emphasis is placed upon the appointment of trustees with knowLedge and experience relevant to the charity s Activities. Board members are the trustees of the registered charity and comprise a maximum of twelve members who are eLected by an ordinary resolution of the members of the charity. The Board may co-opt members who hoLd office untiL submitted for eLection at the next Annual General Meeting for a three-year term. subject to provisions in the ArticLes. c. OrganisationaL structure and decision making Day to day administration of the charity is delegated to the management, under supervision of the Board of trustees. Decision making powers are retained by the Board and exercised at their reguLar meetings. Risk management The trustees have identified the major risks which may affect the charity and have taken reasonable steps to mitigate those risks. Financial Review a. Going concern The trustees have continued to focus on the management of the finances and particuLarLy management of cash flow. We have maintained heaLthy reserves and therefore the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the period to December 2026. For this reason, they continue to adopt the going concern basis in preparing the financiaL statements. b. Financial results The financial results refLect the hoLding of two in-person festivals, sixteen live-streamed digital events and seven one-off events in the year. The charity's overall unrestricted excess of income over expenditure for the year was £45,356 (2024: £49,528} which, when aggregated with unrestricted reserves brought forward of £240,932 gives an unrestricted reserve to carry forward of £286.288. The charity received no restricted income during the year. There were no restricted reserves brought forward.
CAMBRIDGE LITERARY FESTIVAL LIMITED TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 30 JUNE 2025 c. Reserves Policy The board considers that it should have a minimum of £206.000 of cash reserves to meet nine months of fixed operationaL costs. The actual free reserves are £280,748 (2024: £232,313). The board wish to record their warm appreciation and thanks to all our supporters. ParticuLar thanks to our Longstanding supporters. TTP. We also warmLy thank our hoteL partner University Arms and media partner New Statesman. We thank MILLS & Reeve for kindLy providing meeting faciLities whenever needed. We thank the Cambridge Union for waiving the cost of the Union Chamber for the Secondary SchooL event at the Spring Festival. We are deeply grateful to the Binks Trust. Hawthornden Foundation and others. including those who wish to remain anonymous, for stepping in and increasing their support to us when BaiLLie Gifford had to withdraw support from literary festivals across the UK. Thanks aLso to Glasses Station for stepping in as a venue partner at a time when new support was needed. We weLcomed Tim Harvey-SamueL to our board this year and he has made an excellent contribution to the life of the festival. In the meantime, we said farewell to Jeremy Newsom, who served the festivaL welL as our chairman for many years. In addition. Henry Elliot and Anna Lawlor left the Board having been exceLlent members of the Board. WiLLiam Bowes has succeeded Jeremy as the Chairman of the Board of Trustees. This report has been prepared in accordance with the special provisions relating to companies subject to the smalL companies regime within section 415A of the Companies Act 2006 and was approved by the Board of Directors on and signed on its behaLf by: On behalf of the Board of Trustees Date.. 8 December 2025
INDEPENDENT EXAMINERS, REPORT TO THE MEMBERS OF CAMBRIDGE LITERARY FESTIVAL LIMITED FOR THE YEAR ENDED 30 JUNE 2025 I report lo Ihe charity Irustees on my examination of the accounts of the company for the year ended 30 June 2025 which are set out on pages 11 to 21. Responsibilities and basis of report As the chartty trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan with the requirements of the Companies Act 2(Th {'the 2006 Act,). Having sab'sfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Acl and are eligible for independent examinab"on, I report in respectof my examination ofyour company's accounts as carried OLrt under section 145 of the Charities Act 2011 (1he 2011 Act,). In carying OLrt my examination I have followed the Directions given by the Charity Commission under section 14515)(b} of the 2011 ACL Independent examiner's statement Since the company s gross income exceeded £250.C((i ycur examiner must be a trEmber of a body listed in section 145 of the 2011 Act. I confimi that l am qualffied to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bcxjies. I have completed my examination. I confimi that no matters have come to my attention in [nectIOn with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the company as wuired by section 386 of the 2006 Act" or 2. the accounts do not accord wtth those records., c 3. the accounts do not comply with the accounting requirements of section 396 of the 2CQ6 Act other Ihan any requirement that the accounts gwe a Irue and fair view, which is not a matter considered as part of an independent examinalion,. or 4. the accounts have not been prepared in accordan with the meth(KJs and principles of the Statement of Recommended Practice for accounting and rep(xting by charities (applicable to charities preparing their accounts in accordance with the Finanaal Rep)rting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concems and have come aiyoss no otrEr matters in nnection wth the examination to which attention should be drawn in this report in order to enable a proper understanding of the axx)unts to be reached. Suzanne Goldsmith FCA For and behaof Pri Bailey LLP Tennyson House Cambridge Business Park Cambridge CB40WZ Date: 22 January 2026 io
CAMBRIDGE LITERARY FESTIVAL LIMITED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025 2025 2024 Total Total Unrestricted Unrestricted Note INCOME Donations and legacies Charitable activities Investment income 161.211 319,770 3,956 134,949 317,145 2,593 Total 484,937 454,687 EXPENDITURE Raising funds Charitable activities 53,694 385,887 46,954 358,205 Total 439,581 405,159 NET INCOME 45,356 49,528 RECONCILIATION OF FUNDS Total funds brought forward 240.932 191,404 TOTAL FUNDS CARRIED FORWARD 286,288 240,932 All amounts relate to continuing activities of the company. The Statement of Financial Activities includes all gains and losses recognised in the year. The notes to the accounts are shown on pages 13 to 21. li
CAMBRIDGE LITERARY FESTIVAL LIMITED CHARITY REGISTRATION NUMBER: 1153944 COMPANY NUMBER: 06599041 BALANCE SHEET AS AT 30 JUNE 2025 2025 Total 2024 Total Note FIXED ASSETS Tangible assets 10 5.540 8,619 CURRENT ASSETS Debtors Cash at bank and in hand 12.533 280.374 14,854 226,986 Total 292,907 241,840 CREDITORS Amounts failing due within one year 12 12.159 9,527 NET CURRENT ASSETS 280,748 232,313 TOTAL ASSETS LESS CURRENT LIABILITIES 286.288 240,932 NET ASSETS 286,288 240,932 FUNDS Unrestricted funds Designated funds 14 14 277,288 9.000 231,932 9,000 TOTAL FUNDS 286,288 240,932 These financial statements have been prepared in accordance with the provisions available to companies subject to the small company's regime. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors consider that the company is enlitled lo exemption from the requirement lo have an audit under the provisions of section 477 of the Companies Act 2006 {'the Acf). The direclors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The financial statements were approved by the Board of Trustees on 8 December 2025 and signed on their behalf by.. WIKI•@A%*4, 2025, 6..04aml The notes to the accounts are shown on pages 13 to 21. 12
CAMBRIDGE LITERARY FESTIVAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES (a) General information The charity is a private company limited by guarantee, incorporated and registered in England and Wales and a registered charity in England and Wales. The company and charity number are shown on the reference and admin section of these financial statements. The address of the registered office is 22 Station Road, Cambridge, England. CB12JD. (b) Statement of compliance These financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)- (Charities SORP 2019 (FRS 102) and the Companies Act 2006. The financial statements are prepared on a going concern basis. The company meets the definition of a public benefit entity under FRS 102. (c) Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £. (d) Going concern The trustees have continued to focus on the management of the finances and particularly management of cash flow. We have maintained healthy reserves and therefore the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of these financial statements. For this reason. they continue to adopt the going concern basis in preparing the financial statements. (e) Judgements and key sources of estimation or uncertainty The preparation of the financial statements requires management to makejudgements, estimates and assumptions that affect the amounts reported. These eslimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no estimates which might materially affect the results reported in these financial statements. (fj Taxation The company is considered to pass the lests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. (g) Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for a particular future project or commitment. 13
CAMBRIDGE LITERARY FESTIVAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES (contlnued) (h) Income All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donororthe estimated resale value. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classwfied as unrestricted funds unless there is a contractual requirement for il to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricled. membership subscriptions which gives a member the right to buy services or other benefits are recognised as they are received. legacies are included in the Statement of Financial Activities when the Charity becomes aware of its entitlement to the gift and the amount involved can be quantified. Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the ststement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities. events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocaled directly to that activity. Shared costs are apportioned between the activilies they contribute to on a reasonable, justifiable and consistent basis. ti) Tangible assets Tangible assets are initially recorded at cost. and subsequenlly stated at cost less any accumulated depreciation and impairment losses. A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. (k) Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows: Fixtures and fittings Equipment 33¥0 straight line 25 % straight line Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 14
CAMBRIDGE LITERARY FESTIVAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES (continued) (m) Cash at bank and in hand Cash at bank and cash in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. (n) Creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. (o) Financial instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Fixed assets are recorded at depreciated historical cost. (p) Operating leases Operating leases are recognised over the period of which the lease falls due. (q) Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. (r) Limited by guarantee The company is a company limited by guarantee. Not all members of the company are Directors. A register of members is kept at the registered office. The number of members in the year ended 30 June 2025 was 5 (2024.. 5). In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Ticket sales and similar income Supporters schemes and donations Sponsorship and advertising 262,810 39,590 17,370 245,690 35,615 35,840 319,770 317,145 INVESTMENT INCOME 2025 2024 Bank interest received 3,956 2,593 3,956 2,593 15
CAMBRIDGE LITERARY FESTIVAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ANALYSIS OF EXPENDITURE- CURRENT YEAR Direct costs 2025 Support costs 2025 Total 2025 (note 5) Fundraising and managing membership scheme and Corporate partners 44.189 9,505 53,694 Charitable activities= Literary festivals and one off events 328.484 57.403 385,887 372,673 66,908 439,581 4b. ANALYSIS OF EXPENDITURE- PRIOR YEAR Direct costs 2024 Support costs 2024 Totsl 2024 (note 5) 8,539 Fundraising and managing membership scheme and Corporate partners 38.415 46,954 Charitable activities: Literary festivals and one off events 309.255 48,950 358,205 347.670 57,489 405,159 All expenditure related to unrestricted funds in both years. ANALYSIS OF SUPPORT COSTS 2025 2024 Staff costs Office, premises and IT Governance costs (note 6) Travel and subsistence Other costs Depreciation 21,507 33,998 6,746 208 1,370 3,079 19,866 30,012 4,455 128 626 2,402 66,908 57,489 Support costs are allocated based upon the percentage of time spent on activites
CAMBRIDGE LITERARY FESTIVAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 ANALYSIS OF GOVERNANCE COSTS 2025 2024 Independent examination fees Assurance services other than independent examination Legal and professional Trustee meeting costs 2,580 1,204 2,962 2,400 1,624 35 396 6,746 4,455 STAFF COSTS The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries 175,351 164,925 Social security costs 11,136 9,001 Employer contributions to pension plans 28,585 24,735 215,072 198,661 AVERAGE NUMBER OF EMPLOYEES The average head count of employees during the year was 5 (2024: 5). No employee received benefits of more than £60,000 during the year (2024.. none). Total remuneration for the year (including social security and pension costs) of the key management team comprising of two individuals (Festival Director and Operations Director) was £124,167 (2024- £124,809). This includes employer's national insurance of £9,876 (2024: £9,947) and employerfs pension contributions of £26,784 (2024.. £23.5651. TRUSTEE REMUNERATION AND EXPENSES During the year. no Trustees received any remuneration or other benefits, or were reimbursed any expenses (2024: £Nil). 17
CAMBRIDGE LITERARY FESTIVAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 10 TANGIBLE FIXED ASSETS Fixtures and fittings Equipment Totals COST At 1 July 2024 Disposals 6,326 {3,220) 25,130 (16.080) 31,456 (19,300) At 30 June 2025 3,106 9,050 12,156 DEPRECIATION At 1 July 2024 Charge for year Disposals 4.245 1.025 {3,220) 18,592 2.054 (16,080) 22,837 3,079 {19,300} At 30 June 2025 2,050 4,566 6,616 NET BOOK VALUE At 30 June 2025 1,056 4,484 5,540 At 30 June 2024 2.081 6,538 8,619 11 DEBTORS 2025 2024 Trade debtors Other debtors Prepayments 4,160 4,235 4,138 5,000 5,346 4,508 12,533 14,854 12 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Social security and other taxes Accruals Other creditors 3,201 2,158 3,780 3,020 2,912 3,600 3,015 12,159 9,527 18
CAMBRIDGE LITERARY FESTIVAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 13 DEFERRED INCOME 2025 2024 At 1 July 2024 Amount released to income 2,968 (2,968) At 30 June 2025 14 RESERVES 2025 Asat1 July 2024 Income Expenditure Transfers between funds Asat30 June 2025 Unrestricted funds 231,932 484,937 (439,581) 277,288 Designated funds 9,000 9,000 Total funds 240,932 484.937 (439.581) 286,288 Designated Funds The designated fund arose from legacy income which will be used at the discretion of the trustees for specific projects in support of the Cambridge Literary Festival's charitable objectives. Prior year comparative 2024 Asat1 July 2023 Income Expenditure Transfers between funds Asat30 June 2024 Unrestricted funds 182,404 454,687 (405,159) 231,932 Designated funds 9,000 9,000 Total funds 191,404 454,687 (405,159) 240,932
CAMBRIDGE LITERARY FESTIVAL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 15 PENSIONS AND OTHER POST RETIREMENT BENEFITS Defined contribution plans The amount recognised in income and expenditure as an expense in relation to defined contribution plans were £28,585 (2024.. £24.735). The amount outstanding at the year end was £195 (2024.. £190) and is included in creditors. 16 OPERATING LEASE COMMITMENTS As at 30 June 2025 the Trust had future minimum lease payments under non-cancellable operating leases as follows.. Land and Buildings 2025 2024 Under 1 year Between 2 and 5 years 13,800 13,800 13,800 13,800 The amount recognised as an operating lease expense during the year was £17,140 (2024: £16,560). 17 RELATED PARTIES One of the trustees of the Festival is also a Trustee of Binks Trust which made a donation of £30.000 (2024.. £20,000) to the festival during the year. One of the trustees of the festival is also a director of Trinity Hall Residences (1) Limited which made a donation of £10,000 {2024: £nil) to the festival during the year. There are no other related party transactions to note (2024: none). 20
CAMBRIDGE LITERARY FESTIVAL LIMITED REFERENCE AND ADMINISTRATIVE DETAILS CHARITY REGISTRATION NUMBER 1153944 COMPANY REGISTARATION NUMBER 06599041 TRUSTEES Jane Reid (known as Sian Reid) Julia Collins Karen Duffy Jeremy Newsum (resigned 28 February 2025) Henry Elliot (resigned 25 February 2025} Anna Lawlor (resigned 28 March 2025) Eleanor Birne Katherine Kirk William Bowes Reneé Etienne Timothy Harvey-samuel (appointed 24 February 2025} COMPANY SECRETARY Miranda Smith REGISTERED OFFICE 22 Station Road Cambridge CB12JD INDEPENDENT EXAMINERS Price Bailey LLP Tennyson House Cambridge Business Park Cambridge CB4 OWZ 21