CnY regislwation number: 09144072 awiry registration number.. 1161161 Nottingham City of Literature {A comphny limited by guawtee) Annual and Financial Si*em fw th¢ Year Ended 31 Marth 2022 Community Accounting Plus Units l & 2 North West 41 TaltxA Sireel Notlingham NGI 5GL
Iyottingham City of Liler*thre Contents Reference ond Administrntive Detsi]s Trustees, Rep 2107 Independent Examinerfs Report Stht¢ment of Financial Activities 9tolO Balance She Notes io the FirAncial Statements 121020
Nottinghany City of Literature ReferenLY and Administrntive Details Truste¢s Patrick Limb Rosemary Heaty William Gregq Jeny Swan Claire Bale Emily York Khaya Ayomide Job Trevor Wright Sieph¢n L4K President Senlor M••gemen¢ Tea Sandeq) Mahal, DiTeclor. until 29 tk¢emixr 2021 Hannah Trevarthm, Director. from 20 April 2022 Ch*rity Re8lstratloM Numbtr COM#Y ReEigtYation NIMI 091440 Re¥lstered Lake5i¢k Arts University of (lghTh University Park Nottingham NG7 2RD Independtnt Eumlner John (YBrien. employee of Community Accounting Plus Units l & 2 North W£5t 41 Talbot Street Nottingham NGI 5GL Page I
Nottingham City of Liternture Trusttts. Report The ¢rustees. who are diTeciors for the purposes of company law. wesent the annual report together with the financial statements of ihe charitsbk c(Mwy for the yeu ended 31 March 2022. Tntstrt$ 4•d offKers The Iru51¢¢5 and offKers serving thjring the year 5inc¢ the year end were a5 follows: Trustees: Patrick Limb Rosemary Heaty William Gregory Svr4n Barbara Cathcart Clair¢ Ba Emily York Khay4 AYide Job Helen {aN)ointrd l Juty 2021) Trevor Wright (appointed 15 Decanber 2021) David Hallett (r¢5ign¢d 30 June 2021) David Belbin (reSid 6 October 2021) Barbara Mamhews (resigned 3 August 2022) Strurtur& govtrnanet and mAthageMtnt Nqthre ofxoverning doc4menl The charity is a eompany limited by guaranttt registered clmrity. It is operated under the wl¢s of ils memorandum and arti¢ks of IlatI dat¢d 2317114 and most Tecenily am¢nded 0711012020. It has no share capital aNd ihe liability of each membu in the eveni of windin8-UP is limiied to £1. TntteS apply via sulKnitting an expressi(bn of interest and a CV. we then shortlist candidates for an interyiew. then invite the tentIal Ite th end x mtttinE &% obsthver. at¥A finalty the new trustee 15 faiified ty ihe Objeetlves knd a¢tiviti¢s Objerts Promoie ihe educaiion of th¢ public Ige by woviding or assisting in ihe provision of OPPQTluiJities to access. engage in, understand and enjoy litrrature and writin& includin& iwjt not lirniied io. PTomoling and organising a bid for Nottin8ham to b¢c¢Nne a UNESCO City of Liternture: andlor Io pursue such other chaTitable purposes analogous io any of th¢ obov¢ as the Dire¢tots in d*ir absolute discretiOD shall thtrm)ine. Page 2
Nottingham City of Literature Trtees. Report Pmbllc b¢nefii We deliver adivity lo gage Y(n8 people in read writin8 and creativity. We offer ¢r¢otive wri¢ing workshops. gift books, suppori creatives lo deliver literkn relaied activity. We also 5UPPOrt writers and creatives ond dire¢t them to partners. opportunities {local. national and internallonal), give ¢T¢atives paid work through d¢livering xtivity for us. We promote all things literature across the ¢ity and beyond. These a¢tiYi¢ies benefit the public by iwiring and la1 tsansfonnation through readin& wri¢ing and creativity. The trusttts confim ihat thty hav¢ complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public nefit guidance wblthed by the Charity Cornmission for Erngld and Wales. Achievements & ptrform•n Nottingham was awarded UNESCO Ctty of Lilerature staius in December 2015 •)d Sin then h&$ taken ils place as a m¢rnb¢r of the ifNESCO Creative Cities netw(rfk. enabling il to play i ¢ultural and creative role on the intematiixwl 5ts8¢. Our Afwl¢•y Nottingham UNESCO City of Lil¢ratyr¢ believes in iwikling better futyr¢5 with words. OAT P7slL>fv Our vision is of a rity where everyone is relIng and their way lo a beU¢r lif¢. We believe in literature as a reflection of hrnlty ai its be5L enabling people to beuer undeTStand each (h¢T and the world we live in. ObCIr5 In pursuit of our mission visior4 we hav¢ fow objecliv¢s: LEADERSHIP.. to provid¢ leadership for the city throu8h our role &5 5trntegic cataty5L h¢lping ¢ultural organisations io work together TM)re effecliv¢ly' LEARNING.. To make an irnFArt on long4enn literxy kv¢ls by growithg diverse audierK¢5 for r¢adiftg and writing in collaboratiort with Nottingham's universili¢s litew hub. libraries, school& arL% and literary owisations; PLACE: to aninate the city's UNESCO &signation and Jx)siEivety impact plac¢m)kin& the position and promotion of Nottingham's internaiional reputstion as a creative city; INTERNATIONAL: lo strengthen intsrni(ml [thh1p5 by wo¥idTThg xc¢ss io new knowledge and r¢aliv¢ exchange opportuntties 1mlivluats and or8anisalioThs in Nottingham'5 UEaiive secloTS. 2020nl Creatlve Program*t OUT mission is 'Buildin8 Better Fubjres with Wor¢L%' aThd all our xtivity in the peTI{ d& focused on developing connectivity, fosiering well-being and nurluring c¥eativity. UNESCO Ciiies of Literature cferenCe The UNESCO Cities of Literntur¢ netwo brings together 42 citie5 acrDs5 6 coniinents. Whik the d¢5ignalion marks existing literary ¢xcellence within a city. becoming a UNESCO City of Liternttnr also give5 cili¢5 a place within a supportive netw(Kk who share collaborate with ¢adh other. li calls uw) cilie5 to nUTlure Creativity, support freedom of srttch, and ensure literatur¢ reaches &s widt atbd diverse an audience w)ssible. In September 2021 the netwtsrk met in ReykiaviTr at a hyid event for the first time since the slart of the Covid-19 Pantknic. discussing challenges, op1Kwl11e5 a%PiTatiS ith a new and Uncertain world. Page 3
Y40ttingham City of Li¢eratur¢ Trtees. Report Nottingham represend by SaThkep Mahal. well as sthff memt¢rs frcrfn the Nottingham UNESCO City of Literaiure Offe. Later on in November. we welcomed three new cities of liieNure kn the UNESCO Cweative Ciiies NeOrk.. GothertFA]r& Jakarta and Vilnius. Story V411ey An international Erasmus+ FKoject which errables NUCOL to collaborate with Edinburgh. Ljubljana, and Leeuwarden UNESCO Cities of Literare to use oral hisiories and knguage5 as a to build liieracy skills and celebrate sanctuary and inspire hope for all mi8fdnL refugee and saThc¢uary seeking young people. Over the projeci period, we are working logether to deliver three outputs: •Studtnt Programrne aNd TeAcher Pxk designed #nd delivtred by National Literty Trnst will provide leachers and sthdentS Wlth all thai is needed to Teach the (jectives. It's the trninittg pr(wamme for school teachers incltsding the methodology, lesson plan aThJ evalu1 plan, loaded with prnctical tools. •Onlle CommuNity and Platfom designtd and delivered by lxeuwarden (Netherlands) will provide 8 teachin& learning and collaborntivc nctwork for 5ttth1ts, ttachers and specialists in the field of literature, lileraq and khe creative industry. A virtual pl¥¢ wh¢w¢ ev¢rything ¢om¢$ togdher )d is also th¢ main legacy of the FjeCt. Nottingham is specifically 1&8ked with prJ¢1n& a Story Valley Polity FrnIw0rk nd T111 (o ensure that VET (Vocational Educational Trdining) is ai ihe forefr( of develotmnent in th¢ language & literacy sector, specifillY targeted at UNESCO Cities of Literaiure (Yganisattons worldwide. It will give VET institutions betttt atC¢55 to ihese networks they can reach out to in order to improve ihetr curriculum in the fields of literacy, muliilinguali5m and cultural herilage (Oral history). We will 5howca5e how the Sry Valley approach to literdcy & language leaming. culture. citizenship and inclusion could be implementrd in other UNESCO Cities of Literalure (from 2023 onwards we exped io have completed the pl] WMI evaluation). As part of the wojecl in 2021 Q022. Associaie Researcher Dr Katie Harrison attended two transnational partner meetings in Edinburgh Ljubljana. Each meding allowed for the sharing of g(rfMI rrtctice beiween ihe VET and fi]rther education insiitulions. Partners had the oppThnity to work on each of the Outputs face-tO•face aThl to meet some of the sthff and students involved in soject lo see first-hand wl1•t tlw have been working o in ¢och location. In 2023 Nottingham will host the transnatiaI partTrer meeting. FTe¢dom Reads In parln¢r5hip with English PEN and held at the National Justice Museum, w¢ facilitsied a serie5 of cre8tiv¢ regding and writing workshops for young wple. Facilitated by ¢1 Joshua Jud50n the workshops Ii)oked al Ihe5e ih¢m¢5 of wotesl, fre¢ speech. and democracy, as well a5 taking a d¢ep dive into some of the most famous {and infamou5) tmjoks to have spthed public outrag¢ acrn5S tim¢. In ihis programme 28YD of p2rticipants consider¢d th¢ms¢lves lo have a disability. 5Ph lived ITh of th¢ 30% most thwivcd areas in the UK. Watch videos from th¢ ¢v¢nt on s)ur YouTube thne1. YOug Voice5 AmplifKd In Au¢umn 2021, we were successful in Secring a £88.(KKI Arts C71 England Proje Grani io deliv¢r Young Voices Amplified (2021-22) a creative leadership and literature programme for young rwle. Young Voice5 AmplIfd expands et)ga8emeni. inclusion and Teach with young people in Nottingham. We plan 10 educate, inswre. equip and empower young audiences io: shape and inform wnversaiions alJ)ui Nottingham's new central library- collabornte with wriiers on creaiive writing and book club activities- cprJu¢¢ a m155 shared reading campaign promoting the rA)Sitive btfIts of ttadin8 for mentsl health. and to participate in training. mentoring. neNorkin8 & ideali workshops. li will culminate in a y8 Voice5 Syrnposium bringing iogeiher young ¢wixlu¢ers & ¢r¢•tiw¢ p¥titiws share effective wactices for engaging young people in the arts. Page 4
]YottIttghll City of Lit¢rtur¢ Tntee5, Report Youth Advisory Bo4rd We continued io develop our Yi)uth A(fvi50ry BoJTd and in Septemi%r 2021 the Yovth Advisory Board also ppointed their Chair and Vic¢-Chair, Abigail Hutrhlns( arKI Nidaa Raoof. Since Septemb¢r, Abigail and Nidaa have shown strong leadu5hip re[¢S¢nIlI0n of our fantastic YLwth Advisory Board. You can read thcir manifestos for change here. Noits TV Book Club Notts TV Book Club launched in December 2021 and 15 a monthly thow for anyone who like$ io T¢ad, wishes thty knew whai to read, orwants to ke a det(wr irto new reading terril(My. Hosted by NTU WRAP Progrdmm¢ Manager Becky Cullen with a resideni panelli5t from Nlingharn UNESCO City of Lit¢rathre, and special gu¢5ts. th¢ show's books of the nM)nth include evaythirng from thrillers aTrd romance io s¢lf-help and po¢¢ry. Jaden Morton from Nottingham Waierstones (trops in every wso(k wilh his book recomm¢ndations to k¢ep us up to date and the show goes 01 and abcwi fu18 wh the public think. There is som¢ihing foT everyone and everyone can ke part. A team of NTU students work on the show. curating social m¢diJ a5 well 4S developing Teal-life exrience of working in fihN rrf and journalism. Notts TV Book Club aTf5 ihe s¢wnd Tu¢sday of every month and again on Sunday at 9m available on Freeview 7 Virgin 159 or detr]and on the N¢$ TV w¢b5it¢. NUCOL also parti¢ipthl in a wide range of intematw)nal projects Incl18. •World Poetry Dwy: to ¢¢lebT World Poety Day UNESCO City of Literaluye started an internatioMI thain poem on 21 March 2021. Sin¢e ih¢n each nwnth trJn51alor from the cilles in the network added three original lines. The p)em grew larger and more imprE55ive wilh every new month. Nottitsgham pat1icipatrd in the Chain POC ¢cMiSSIon]n8 loney Smallhorne io wile a for the projec( which finished on World Poelry Day 2022 •Slamovision: Slamovision is ihe global 5p(then word Commu1$ Evroyision. hosted by the UNESCO Cities of Literature. The 2021 slam was hOed ioinily by Manchester and <eber Cities of Liieraiure. after their wins in 2020. Chjr candidate. Cara Thompson. won with her pxm 'lsland Screams, and brought the Slamovision erown to Nottingham - pirffling us on the map as a city of perforniarK¢ Frfjetry. We will host the comt¢tition in 2022 •Fut4re Literaey IAb: The Futwr¢ of Qu¢er Safe Spaw 205fr. 3 ifNESCO Fumres Literary collaboration with the International Coalition of InchL8ive and Sustainable Cities (ICCAR) and UNESCO Creative Cities Network {UCCN). Young people from Nollingham participated in online conversations that will help inforni UNESCO'S aclion-learnin8 plan for the global promotion )d protectton of the righis of LGBTQIA+ Youth. Participants received a certificate of participatton from UNESCO upon the conclusion of the lab and they will be invited to share iheir findings at a conference in Paris. •lnternti0Th41 Trnnslatton Dy: Intemational Translation Day (ITD) ¢¢lebrnies translation. trattslators and translated literature every 30 September. For ITD 2021. rdn a series of interviews and panel tslks, in collaboration with 5i51¢r UNESCO Cities of Lileratyre Lviv and Ljubljana. We also hurd from local iranslaiors based in Nottingham. who combined work in ov¢r l O languages. including Frenth. Gernian. Polish. Slovene, and Rulan. R4lnbDw Library The Rainbow Library is a pleering iniiiative led by Pop Up Proj15. looking to fill in the gap of LGBTQ+ in¢lusiv¢ for children and young &tslts. aiming to w books in every school library in the UK and Ir¢land. Th¢ bor*s are b¢ing dev¢lot¢d wilh LGBTQ+ young people in Noltingham and seven other ciiies Ihrs)ugh inlen5ive workshops. Th¢ hort in Nottingham has been involved in the developm• of a ¢omi¢JgTaphic rtovel that will be published in Autumn 2023. The professional writers and illustraiors have worked with the young pery)le to evolve their story concepts. plois and other elements. The young people have also dev¢loped iheir OWlL StOs for inclusion in an anthology of the very best WTiling and illustraiion. In Autumn 2023. Pop Up and three UNESCO Ciiies of Literaiur¢ - Nottingham. Manchester and Dublin - will Covpreseni a three one4ay conferences. progrnmmed and present¢d by LGBTQ+ young people. atrM)ut some of the themes and experiences that come out of the project. PJg¢ 5
Nottingham City of Literature Trnst¢es' Report To ¢nsur¢ we remain inclusive and encourage involvernent from the reading and Mwiting communiiies in Nottingham, we continued our work offering stttht placements and iniemship& During the ye4r we provided four student placements and 2 Creative Pathways internship ftom a widening participa11 backgrounds. Tesiamenl to the experience that Fmst Creaiive Pathways intans had at the organi5ation, ¢wo of thern were recruited to join the staff of Nottingham City of Liteniure. Our core team and volwJ¢e¢rs have WOTked tirelessly io engage with broad and divetse audiences from across the city and Fwond. As ever, we would like to tske this oPpnity lo thank all our core pamers, Nottingham Ciry c11, Nottingham TTent University. University of Nottingham arKI Arts Cwncil England for iheir supp. Chang1% Fa futtAre devthpnbents At the end of 2021, founding Director Sandw Mahal strpped down after five years of q)eration. Sande¢p oversaw the development and gro of Nottingham as a vithl place of creative exchange and celebration for literawre, L4 well as setting up NUCOL'S organisaiic)al and governance structure and brand, and work on values and culture. We ihank Sandeep for her invaluabk contTiIMttion and fry IlIding strthg foundations for our next chapter. Paty BeTmett, Ihc organi5ation's general manager was installed a5 intcrirn dire¢tor until a new director w&% appoin. Apw)int¢d in mMer 2021. Paty brings exp¢riersc¢ of ¥ud•ence development, evaluation and sIMe8y. She is k¢en PTOM¢ pIg-¢¢ntyed rnvir1M¢nIS spa¢es for Collaborati and e(wroduction working closely with people. Gareth Morganioined us in Noven]bEr a5 our Wll(e for the Voice5 Arnplifd progranme. In Octclxr 2021. f(rtmding board chair Dr David Belbin ePd dow) fr(Mn the Board of Trnstees and wc welcthd Patrick Limb KC as our new chair. fornKrty Lwty thair who joined the board in 2018. In Marth 2022. Hannah Trevarthen Wds apintrd as NUCOL new direc¢or. offKialty starting in Awil 2022. She joins us from English PEN. one of the world's oldest human rights organistttitsns. where she has worked as their Events and Partnerships Manager since 2015. leading their year round prografflme of high-profile events prizes. She brings wilh hef strong experience of working internationally, building local and nalion•l partnerships, creative wogrdmming and dwnpicming new tslent. In May 2022. NUCOL will make J applicati io Arfs CouKil England to become a Nalional Portfolio Organisation in their next fijnding round. NUCOL h&% a unique contritWTton to bring lo all four invesiment principle& as well as to NottInghn City Council's Stt3tegic Plan. the Universilie5 for Noltingharn strategic priorilies for culture and cre&ivity. and ihe UN'S Global Goals- bh through ¢ixnmunity engaged practi¢¢ and inten]ation41 ¢ollaboratioTrs. Therefore 2022 marks a pivotal tim¢ for Nottingham to enier an erd of transformational develryJm¢nt. Flnanelal r¢vi¢w Pollcy oft ruen NUCoL'$ R¢s¢rves Poli¢y ensures UnTestricted Ik$1ted funds and frte reserves ar¢ i111 up and maintained as a ¢oNting¢n¢y PTOViSiOn thre¢ months, operdling costs. Prtnclpdlrlsks Financiolr Not fijndraising enough to ¢omwomis¢ the ¢or¢ opeTaliwal costs. Page 6
Nollingham City of Literature TnL8tees' Report Sl#l¢m¢nt of T$¢$. Rejponsibilities The truslees (who are also th¢ dir¢ctOT5 of NottIgh?rn City of Litsratsre for the puq)oses of company law) are resw)nsible for preparing th¢ tru51e¢s' r¢por¢ th¢ financial staian¢nts in accordance with ihe United Kingdom Accounting Siandards (United Kingdorn G¢rKrdlly Acwthl Aw)uNtin8 Practice) and applicable law and regulations. The report and accounts have been prepared in xcordance with th¢ provisions in the CMipanies Act 2(M)6 relatin8 to small c4)mpanies. Ci)mpany law Tequires the trustee5 to prepare finan¢i&l tsiernents for cach financial yeaT. Under MPanY law Ihe trnstees must not approve the financial slat¢ment5 unle55 are satisfied that give a tN¢ and fair view of the state of affairs of the tharitable cixnpwjy and of its incoming resOueS and application of re50urtts, including its income and exiditurN for that pc¥iod. In W¢PaTing these finattcial siatements, the trustee5 are required to.. lect suitable accounting lICieS and apply them (onsi5tffliiy' observ¢ th¢ method5 and principles in the Chariiies SORP: make judg¢ments and estirnates that are reaTrable wu&nL slate whether aN)licabk UK Accounting Standarth have been followed. subject to any material departures disclosed and explained in the fmartcial ststements: and prepare the financial statements on the Boitig concem basis unless it is io wtsume that ihe charitable ¢ompttny will continue in busines& Th¢ tNstees are responsible for keeping adequale acCtIng rec<$ tllai are sufficienl to show and explain the haritable company's transactions artd disclose with rea8#b accwacy ai any time th¢ firwn¢ial position of the charitabl¢ Company and enable them io ellsU ihat the financial sthiements compty wilh the Companies Act 2006. Th¢y are a150 responsible for safeguarding the assets of the charitable compyny and hence for thking reasonable 5t¢Ps for th¢ wevenlion and deiectiiffi of frd and other irregutsrities. SThall companies provlsion stgtsmet This report ha5 ien preFwed in acrdanCe with the small companies Tegime the Companies Act 2006. The annual rekKJrt was approved by th¢ ints¢s of th¢ ¢hority on .... . ....... ..... on its behalf by.. Prick Limb Trusttt Page 7
Nottinghxm City of Literalur¢ IDdepeDdent Exminer'J Rewbrt to the trnstees of Nottingham City of Literalure Indendent eiamlner's ttimbrt to tbe tru5ttts of Nottingham City ofLtterat#re ('the Cornpan) I report to the charity thtte$ on my examinion of the ¥¢ounts of ihe c(4npaNy for the year ended 31 March 2022. R¢Sp{s1bI1lf1¢s awjd bsis of report As ihe charity's twslees of the company (and also lis di£101$ foT th¢ wrpo5¢5 of wmpany law) you are responsible for th¢ pr¢par41ion of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act). Having salisfied myself that the accounts of the Compny rtquired to be audited und¢r P4rf 16 of the 2006 Acl and are eligible fi independertt examinaiion, I rgy( in res of my examination of yijur ¢harÉty's accounts as carrd oui under sedion 145 of the Charities Ad 2011 ('the 2011 Act.). In carytnB oul my examination I have followed the direc(i(Hts given by the Charity Commission under section 145(5) (b) of the 2011 Act. Indep¢nden¢ examiner's stgteme*t I have completed my examination. I confirm t1 no matters have come to my attention in ¢onn¢¢tion wilh ihe examination giving me cause io believe that in Y rnaterial respect: l. accounting records were Th)t kepl ITh respect of the Comkwy as required by 386 of the 21)06 Act: or 2. the accounts do not accord with those record5. or 3. the accounts do not compty with the JCWUIn8 rrquirements of section 396 of th¢ 21K)6 Aa h¢r than any requirement that the accounts give a 'In and fairf VIEW which is not a matter eortsidered as part of a independent examinalion: or 4. the accounts have noi been prepared in aVCwd with the mdhods and principles of th¢ Ststem¢n¢ of Recommended Praclice for accounting and reporting by dwiiies [applicable lo chariti¢5 preparing ih¢ir accounts in acc4)rdance with the Firtancial Rep)rtin8 Standard aN>licable in the UK and Republic of Ireland (PRS 102)]. I have no ¢ffi¢¢rns and have come across no her matters in connection with the examination to whith tentiOn shwld b¢ dTawn in this report in order io enable a Underslg of lh¢ a01$ io be reached. John IYBrien Msc. PCCA. FCIE, employee of Comrnthiity Accounting Plus Fellow of the AlatIOn of Charity In¢kpuJdertt Examiners Units l & 2 North Wesi 41 Talbot Slreei Nottingham NGI 5GL 12112122 Page 8
Nottingham City of Literature Statement of Financial Aclivitics for Ihe Yer Ended 31 Mareh 2022 {ID¢luding Income #nd Expenditure Aecount and StateTh¢nt Trf Total Recognised Gvdins and ithses) Tot•1 2022 Total 2021 U•restrltted Restrickd Incom¢ EndowmeThts from: Donations and legacie5 Charitabl¢ activities 129J97 427 129.397 17.974 160.323 39,491 17.547 TIKal Income 129.824 17.547 147.371 199,814 Expendl¢Dr¢ on". Charitable aciiviiies (149.494) {17.547) 167.041) 159,042 Total Expditure (149,494) {17.547) (167,iMI) (159,IM2) Net (expendirtYin¢Qm¢ 19,670) 19,670) 40,772 Net nVemtftt in fund5 (19,670) 119.670) 40,772 RecoTreilition of funds Totsl fvnd5 brwght forward 93.501 93,501 52,729 Total carried fomrd 18 7J.831 73,831 93,501 All of the charity's adiviiies derive from continuing (4)U8tiLMS during the abov¢ Iwo periods. The funds breakdowm for the is shown in noie 18. The notes on pages 12 to 20 fonn an integral m of thes¢ financial seMents. hg¢9
NottiDgbm City of Lilernthre Statement of Finaneial Activities for the Year Ended 31 March 2022 (Including Incom¢ and Expenditur¢ A¢¢ount and Statement of Total Recognised GaiD$ and I$) These 4Te ¢he figures for the prevbx$ COulAg period aud r¢ ID¢lwd¢d for eompartiYe prposeS Totsl 2021 UDrttrkted Restricted Nol¢ Ineome and Endowmeots frwb: Donations and legacies Chari¢able aclivities 160.323 424 160,323 39,491 39,067 Total Income 160.747 39.067 199,814 Expendlturn Charitable activitie5 (101,133 (57.909 159,(142) Total Expenditure (101.133) (57.909) (159,042) Net incomel(expendirure) Transfers between fi]n(L% 59.614 1.581 {18.842) (1.581) 40.772 Net movement in 61.195 QO.423) 40.772 Reeoneili*tion of funds Tot81 funds brought fi)rward 32.306 20.423 52.729 Totsl funds TI¢d forward 18 93.501 93.501 The not on pa8¢$ 12 10 20 forni an iniegrdl part of these financial slatem¢nts. PJBe 10
Nottingham City of Lileratur¢ (Registration Dumber: 09144072) Balance Sheet as at 31 March 2022 20n 2021 No¢¢ Flxed asjets Tangible assets 10 441 Cmrrent assets DeorS Cash at bank and in hand 9,756 110.075 18,750 78.521 19,831 97,271 Creditors: Amounts fxlling dw¢ wiihin one yr Iyet eurr¢nt •ssets 12 (46.OW) 4,211) 7J,831 93.060 Net ass¢ts 73.831 93,501 Funds ofthe cbarity: Unrestricted income [d$ Unr¢51ri¢ted funds 73.831 93,501 Tol*l fNdS 18 73,831 93,501 For the financial year ending 3 l March 2022 the clwiry was eniiiled to exemwion from audii under section 477 of the Companies Act 2006 reIng io small companies. Di10rs. resFKMk8ibiliiies.' The members have not required the ¢h•rity to #n audit of lis for the year in question in aCc(aTr¢t with Secti 476: and The directors acknowl¢dge their responsibililies for ujmptying with the rryuiTem¢nts of the Act with resperl to accounting records and the preparation of account& These financial 5talements have been wepared in Accor with the special provisions reloling io companies subject to the small companies Tegime within Part 15 of the ComrAnies Act 2(. The fina ial statements on pages 9 kn 20 were apwoved by th¢ tru5ttt5, and athISed for issue on i%li%.f2Land signed on ih¢iT bdwlfby: Tn¢ Th¢ Th)i¢s on pages 12 w 20 fomj an inttgrnl port of financial statements. P•g¢ll
No¢liDgham City of Literature Noles lo the Finaneial Statements for the Year Ended 31 Mar¢h 2022 l Aeeountlng polkies 5mMry of signifitant aecountlng polities Ind key •CCOUDtivg estirnt¢s The principal awounting wTrlicies applied in the preparaiioti of these fmancial Statements aTe ou¢ below. These policies have been u)n5iStentty applied to all the years wesented. unless ctheTwise staled. Statem¢n¢ ofcompliantt The financial stal¢m¢nts have been prepared in accCrfd with Accounting and Reporting by Charities: Statement of Recornmended Prnc¢ice (applicable io chariiies weparing their accounts in aordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland (FRS 102)) (issued in Oclober 2019) - (Charities SORP (FRS 102)). the Finala1 Reporting Standard applicable in th¢ UK and Republic of ITeland (FRS 102> and the Companies Ad 2(106. B#sls of prepartio Nottingham City of Literalure meets the definiliM of a wblK benefii eniity under FRS 102. A&8ets and liabiliiies are initially recognised at historical cost or transauion Ydlue unles5 Otherwise stated in the relev#rtt accounting rM)licy notes. Golng eoneern The finaD¢ial statements have been prepared on a going ¢ern b&%is. The 1ftte¢S 15sess whether the use of going ¢£¢¢M is aNwiate t.e. whether there or¢ any material uncert&inti¢s related to events or conditions thai may c&t significant thsubt on the ability of the charity to continu¢ &$ a going concern. The tnjeeS make this &w55ment in reswl of a Peri of one yur from lh¢ date of approv41 of th¢ financial statrments. Exemplion from prep•ring * eash Ilow #tatememt The charity opted to a¢Jopt Bulletin I published on 2 February 2016 and have ther¢foTe included a cash flow 51atement in thes¢ finan¢ial $eMent& Irtcorn¢ ¢ndowmewJts Volunwy incom¢ inGluding (k¥na¢10 gift4 legacies and grants that provid¢ c(K¢ fid[8 or are of a general nature is rewgni5¢d when the charity has entitlenKni io the income, il is prob4bl¢ ihat the income will be received and the amounl can be measuTed wilh sutTi¢ieni reliability. DontTllons ondltz•des Donations are regnISed when the clwity has been notified in writing of bh the amount and settlement date. In the event that a donation is subject lo conditions that require a level of wf(Tharice by the charity before the charity is entitled ¢0 the the income is deferred and not recognised until eiiher those conditions are fully met, or the fuifilment of tlmise conditions is wholly within the c(ffitrol of the charity and it is probable that these conditions will be fulfilled in the WeIng period. GTants reeelM&le GTanls are recognised when the charity has an entitlement to the fimd5 and wy c(mditions linked to the grants hav¢ been met. Where perfomiance condilhons arc attsthed to the grhni and aTe yet to be mel, the income is recogni5ed as a liability a)d iluded on the balance sheet a¥ deferred income io be released. Pag¢ 12
Nottingham City of Literthre
Notes to the Fin4neil SttemeDts for ebe Year Ended 31 March 2022
Expenditure
All expenditure is recognised once ther¢ 15 a legal (Y cortstnKtive obligation to that exFnditUrC. it 15 probable
settlem¢n¢ is required and the can be measured reliabty. All costs are allocated io the applicable
expenditure heading that aggregate 5irnilar costs to thai category. Where costs cannot be diTecily attributed to
particular headings they have been pllocd on a basis consistent with the use of resource5, With centrdl sta
C05ts allocated on the basis of iirn¢ 5penL and depreciation ch¥gvi(kd OD tangibl¢ fixed assets so &4 to Wri otT the cost or valuation. I¢ss my ¢iMated
residual value. over their exF¢th¢d useful eccmomi¢ life as follows..
Asset el
Computer equiwieni
DeprteÈilo# method nd rate
33¥&) straighi line
Trde dtbtorJ
Trade d¢biors are amounts from cu51omers for merchamlise sold or service5 peTfonned in the ordinary
COUf5e of business.
Trad¢ d¢btors are wised initialty at th¢ tr110n Fyice. They are subsequently n]eLsvred at amortised c05t
using th¢ effective interest meth(KL less provision for impairmenl. A wovision for the impaim)ent of trade
d¢0T5 is ¢5thblished when there is objeetive evidence the charity will be able to colleci all amounts due
aOrding to the original itmis of the r¢ceivabks.
Cash and tsh ¢quiv8leThts
Cash and c&8h eguival¢nts comprise cash on and call deposits. and other short-terni highly liquid
investments that are readily convenibk to a known amount of cash and are subjed to an insignificant risk of
change in value.
F•nd strvcture
unrestr1cd incom¢ fijnds are generdl fund% that or¢ availabk for w ai the InbStees' discretion in fvrtheran¢e of
the objectives of the ¢h*ity.
Page 13
Nollingham City of Literature Notes lo the Financial Ststements for the Vur Ended 31 Mareh 2022 Pension5 other post retiremewjt obligatio The charity operates a defined c¢Jnlribution pension sdvn¢ whirh is * nSIOn plan uDd¢r which fixed eontributtons are paid inio a pension fund th¢ ¢h¥rity Th) l¢gal or c4)n$th1ve obligation to pay rther contributions even if the fvnd (kyes noi hold sufficienl 455ets Io p8y all employees the trnefits relating ID employee service iti the rwrenl and prioT F¢riods. Coniributions to defined ntribUtIon plan5 are recogTrised in the Stakment of Financial Aciiviiies when they ar¢ due. If contribution payments exceed the contriblon for serviK the exce55 is rttognised a prepayment. 2 Income from donalioAS and I¢Kaci¢s Uir¢strir¢ fund5 GeDerl Tot•1 2022 Total 2021 rknatiOll5 and legacies; Donations from eixhpanies, trusts Jnd similar proceeds Grants. including capital gran Government grdnts I.1T2 104,172 78,218 25,225 25,225 82,105 129.397 129.397 160.323 3 Income from ehrltbk *rtbvIti¢s Unre51rieled funds General Totsl 2022 Total Grunts & donations SuThJry incLvne 17.547 17,547 427 39,067 424 427 427 17,547 17.974 39.49 4 Grants & don•¢¥)ns Unrestriettd funds Restricted fund5 Total Nottingham City Council University of Nottingham Nottingham Playhouse Arts Cout)cil England Nottingham Trent Universty Story Valley Sundry grants & donations 25,225 20.250 7,340 32.521 25.(rf)O 8.207 10.854 13.075 38.300 20.250 7,340 34,843 25.0(Kl 8,207 2.322 2.150 129.397 17,547 146,944 Page 14
Nottingham City of Lilerature Notes to the FinaDeial Slatements for the Year Ended 31 Mareb 2022 S Expenditure on charltablt #¢tivitie5 Unrestritted Total 2022 Tot•1 2021 Gener1 Reslrieted Programme d¢velopment People costs Marketing & PR Overheath & wjministralion 14.239 104.543 14,161 16,551 14,239 113.680 15.915 23207 15,306 113,105 10.1 10 20,521 9.137 1,754 6.656 149.494 17,547 167,041 159.042 6 Nel Inc¢)minpJoutgoin8 resoiirett Net (outgoingyincoming r¢souTce5 for the year include: 2022 DewKialion of fixed &5s¢lS 851 7 Staff costs The aggregate payToII costs were &% follows.. 2022 2021 Slff costs during the ye*r were: Woges and salaries Social security Gosls Pension costs 87.942 3298 2,624 72.916 2,428 2,187 77,531 93,864 The monthly average numlxr of peon5 <iluding seThi management team) employed by the charity during y¢ar was as follows.. 2022 2021 Average number of employees 4 (2021- 3) of the above employees Participed in the Defined Contribution Pension Schemes. Contributions to the employee pthsi¢)n scheme5 for the year totalled £2,624 (2021- £2,187). No employee re¢¢ived ¢moluments of moTe than £60.0 thring the year. Pa8e 15
Nollingham City of Literathre Notes to the FinaDcil Statements for tbe Year Ended 31 MArch 2022 The total employe¢ benefits of the key managemenl Frsonnel of the dwity wer¢ £35.821 (2021- £50,495). 8 Trystees remts#er*tion attd exp¢Trxs No trnsttts, nor any F¢rsons connected with them. have received any T¢mun¢rotion from the charity rIng the year. No tTree5 have received any re1mlr$¢d expenses or any tr berfits from th¢ tharity ring ihe year. 9 Fees payable to ind¢pend¢Dt exa•iKr During the wiod. the fees payable {exclvdinB VAT) th the charity's Inde1 exam1rT Communty Acwunting Plus are analysed as follows: 21)22 2021 Independent examinatiTh) Other finaneial services 430 627 420 508 1.057 928 10 Tangible fixed assets Compuler ¢q1pMent Totsl Cos1 At l April 2021 8,418 8,418 At 31 Mah 2022 8.418 8,418 Depreciatio At l April 2021 Charge for th¢ year At 31 Mareh 2022 7,977 441 7,977 441 8,418 8,418 Net book value At 31 Mar¢h 2022 At 31 March 2021 441 441 I l Debtors 2022 2021 Other debtors 9.756 18,750 Page 16
Nottingham City of Literlpr¢ Notes to the FinADcil Statements for th¢ Year Ended 31 Mareb 2022 12 Creditors: #mounts falling dlle within one yr 2022 2021 Other taxaiion and Social security Ixher ¢rediliKs Acffllals Defcrred income 1,372 534 2.416 41.678 3,194 513 504 46.000 4.211 13 Obligatlons uAder kases #md hire ¢oD¢ra¢ts Oper•llng lease commilments Total fiJrg minimum lease YmeThts nonrycaDcellable operating leases aT¢ a5 follow5: 2022 2021 Other Within one year .575 14 Charity sta$ The charity 15 a company limiied by 8uardntre and consewity does ncrt hav¢ share capital. Each of ihe tnS is liable to contribute an amtyjni exceeding £1 iowards ihe assets of th¢ clmrity in the event of liwidation. IS Taxatlon The ehtirity is a registered charity *Jd 15 tlvefi)r¢ ¢xemP from tsxaiion. 16 Related party ir4n51¢tiDns There were no related party trnnsactis in th¢ yeaw. Page 17
Nottinzhgjm City of Lilertsre Notes to the Fin#neil Sltem¢nts for Ihe Year Ended 31 Mareh 2022 17 Analysis of Det assets between funds U•r¢strieted 2022 To¢al funds Ge•erl R¢s¢rl¢t¢d Currenl Sets Current liabilities 78,153 (4,322) 41.678 41,678) 119,831 (46.000) Total nei a&8ets 73.831 73,831 UnTtrIcted 2021 Total fumd$ General Tangible fixed assets Curmt &ssets CuTren¢ liabilities 97.271 4,211 97,271 (4.211) Total net &S5ets 93.501 93.501 Page 18
Nottingham City of Literature Notes to the Finaneigl Sttements for the Year Ended 31 March 2022 18 Funds BAlance #t I April 2021 Resources expended Bolance at 31 March 2022 resowrtes Unrestrlei¢d fund$ Gen¢rol General fiu 93.501 129.824 {149.494) 73.831 Res¢TiCted funds Young Voices Amplified 17.547 (17.547) Total fMndJ 93.501 147,371 (167,041) 73.831 B4lJnee xt 31 Mreh 2021 B•lanee *t I Incomi•g April 2020 Teso•rces Re50tAre expeAded Transfers Unrestricted funds Genernl Generdl fuThl 31306 160.747 1101,133) 1.581 93.501 Res¢Tl¢ted y(ng City Re Building a Better World Tolal restrl¢ted fwrtds 20.423 6.865 32.202 (24,842) (33.067) (2.446} 20,423 39.067 (57.909) (1.581) Totsl funds 52,729 199.814 159.042) 93,501 Page 19
]Yottingham City of Literatsre Notes to tbe FinADeial Statements for Ihe Year Ended 31 Mareh 2022 The spe¢ifK purposes for which the fibnds aT¢ to be applied aye a5 follow5: Curr¢n¢ yearfs r&stricted funds Young Voices AMplifd expand5 ¢ngag¢menl, inclwithj MI reath with Y(Mg people in Nottingham through 12-mthth Creative leadership & lileratur¢ programme. We plan to ethice, inspir¢. equip and empower yourtg audiences to.. shape infomi conversjlions abcrtjt NOtttll8trn.S new centsal library; Collaborate with writ¢rs on creative writing and book club activities; corodu¢e a m$ slwed reading campaign promoling the p051tiv¢ benefits of reading for mental health- and to Wicipate in tAinin& mentoring, networking & ideation workshops. It will culminate in a Young Voitts Symw6ium bringing together young co-produc¢rs & creative praetitioners to share ¢ff¢div¢ plte5 foT ¢ngagin8 young people in the arts. Previous yeaes Testricied fvnd Young City Reads is a year-long prograrnme of allence and leadership development drawing on Noningham's long tradiiiott of free-thinkin8 rJdicali5m io inspire a range of collaborations across the city. The Young City Reads programme has three main Strd5 of activity: 14 Young Ambassadors who will play a fanttsiic role f05terin8 and building a culture of reading for pleasure in Nottingham. Try wtll reflrfl on and explore wh it means to be a LfNESCO City of LilerntU unearth uplifting stories, atend fesiiYa15 and events. interview writers and Covproduce a city-whle Teading campaign ¢0 inspire mor¢ people to read. They will be suNrted and trdined by wriler-menlrfs and expert creaiives who will help thern cary out their ambassathrial roles. . The Big City Read.. In parknership with Noningham City Litryie& we will foster a positive attilude lo reading ihrough a shared exploration of uplifting books. Y(Amg Amba55&1ws will champion four young adult titles, enC(Jra8e everyone in Nottingham to adopt Ihese titles their and bring all of this together with promotion rOsS public transport. city centre and key neighbouthood sites. Myvoice: Young people from across Noitingham will be invited to unleash their imagination and create a story which involve5 or refleets (>n th¢ theme of social ju5ti¢¢ and its global impact. The comwition will be a test of creativity, originaliry. style- and of the ability lo ¢nt¢rlain and enthral. Building a Better World - 2020 t]agship lockdown wogrdmm¢. wmpri5ing sffi¢5 of 4 virtual author events involving 12 commissioned authors (41P/• international) iTKluding: Ann Patch¢tt, FAnily Pine. Kal¢ Mosse. Phillipp¢ Sands. S.J Watson, Slefan Collishlw, Tayari Jones amongst othEfS. Page 20