CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 1 January 2023 Period start date To end date 31 December 2023 Period Charity name: Isle of Wight Literary Festival Charity registration number: 116481 Objectives and Activities SORP refferere Summary ofthe purposes of the charity as set out in its goveming document Para 1.17 The objects of the CIO are: al to promote the arts for the public benefrt. and in particular the art of literature, by the establishment and maintenance of an annual arts festival bl to 3dvancÈ the education of the public bv promoting and providing opportunities for the appreciation. understanding and enjoyment of literature. The festival featured over 40 speakers presenting sessions on a variety of topics from fiction, history, politics, archaeoloEV, and current events. The wide range of subjects encourages a more diverse audience who are then able to take advantage of expanding their horizons by attending sessions that they might not have otherwise. Summary ofthe main activities in relation to those purposes for the public benefit, in particular, the activib"es. projects or services identified in the accounts. Para 1.17arNI We re-introduced our Schools Programme, which had been in abeyance due to the pandemic. Over 1,500 students were educated and inspired by the authors and illustrators who comprised the programme. LitFeast, a new element, was added to the programme. Featuring cooking demonstratrons and cookery writers, the LitFeast attracted an audience that might not otherwise attend a literary festival. We filmed a number of talks for our YouTube channel. This built upon the two years of digital festivals and extended the appreciation, understanding and enjoyment of the festival beyond four days. In addition this form of communication introduced a worldwide audience to the festival.
Statement confimiing whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 The Trustees declare that they have had regard to the guidance from the Charity Cornmission in running the festival for the benefit of the public. Additional infomiation (optional) You ma choose to include further statements where relevant about.. SORP reference Para 1.38 Policy on grant making Par8 1.38 Policy on social investment including program related investment The festival is run entirely by volunteers. A core of volunteers curates the programme, markets the event, secures funding by seeking sponsorship, grants and holds an annual literary lunch featuring a raffle and aurtion. More than 50 volunteers undÈrlake the activities necessary to manage the four-day festival. PaFa 1.38 Contribution made by volunteers Other Achievements and Performance SORP reference The festival exposes people to new ideas, and encourages people to leam more about a subject. It brings people of different social, economic and ethnicity together. The festival provides a plafform for first time as well as established authors. Summary ofthe main achievements of the charity, identifying the difference the charity's work has made to the circumslances of its beneficiaries and any wider benefits to society as a whole. Para 1.20 Our schools, programme sparks creativity and enthuses pupils to expand their horizons. It is not unusual for pupils to realise that they can be an author. a poet or a storyteller. Volunteering is an important aspect of the festival. It gives the volunteers a sense of achievement and an opportunity to leam new skills_ Volunteers often forni new friendships.
Many sectors of the island economy depend upon tOUri5m. Held in October. the festival extends the season by giving tourists a reason to V151t the island. Additional information (optional) You ma choose to include further statements where relevant about". Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set Pata 1.41 Investment performance against objectives Parn 1.41 Other
Financial Review Review of the charity's financial position at the end of the period Statement explaining the policy for hoSding reserves stating why they are held 31.12.2023 The Charity secured funds sufficient to enable it to meet its financial obligations until fundraising for the next Èvent The Charity aims to end its financial year with suffitient reserves to initiate the commencement of the following yearfs festival. Amount of reserves held Reasons for holding zero reseTves Details of fund materially in deficit Explanation of any UnrtaIntieS about the charity continuing as a going conrn 9,964 n/a While ticket sales fund the majority of the festival's cost. the festival depends on donations, sponsorship and grants to cover the cost of the festival. Additional infonnation (optionall You ma choose to includé fvrthér statèments whère relèvant about-. The charity's principal sources of funds (including any fundraising) P8Ta 1.47 Investment policy and objectives including any social investment policy adopted Pdia 1 46 A description of the principal risks facing the charity P8r8 1.46 Other
structure, Governance and Management Description of charity's trusts.. Type of goveming document Para 1.25 Foundation model constitution How is the chanty constituted? le. g unincorporated Para 1.25 Charitable Incorporate(5 Organisatron <nriJtinn r.In) Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Trustees are selected for their skillset and through recommendations by respected individuals associated with the festival. Trustees may also be chosen because of contributions they have made by servin9 on a committee. Additional inforniation {optional) You ma choose to include further statements where relevant about" Policies and prOdreS adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider nelwork with which the charity works Para f.51 Relationship wilh any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the charit uses Re istered chari number Charily's principal address Isle of Vlfi ht Litera Festival 116481 Northwood House Ward Avenue Cowes Isle of Wight P0318AZ
Names of the charity trustees who manage the charity Dates acted rfnot torTHhole ear Trustee name Office Irf any) Name of person lor body) entitled toa oint trustee ifan Margaret Edwina Ankers Chair Victoria Mary Guesdon Orr-Ewing Janet Lee ASlan President Graham Barnetson Appointed 15.11.2023 Robin Vandeleur Courage Julia Dams Vanessa Elizabeth Hounsfield Gioia Minghella- Giddens Appointed 15.11.2023 Maurice Sheen Appointed 10.01.2023 and resigned 13.09.2023 Resigned 12.09.2023 10 Peter Charles Taylor 12 13 14 15 16 17 18 19 20 orate trustees - names of the directors at the date the re ortwasa roved DFrector name Name of trustees holding title to property belonging to the charity Trustee name Dates acted if not for whole ear
Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian chanty's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional infomiation (optional} Names and addresses of advisers (Optional infonnation) Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Other o tional information
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature(s) Full name(s) Position (eg Secretary, Chair, etcl Margaret Edwina Ankers Chair Date 241101202y
BRIGHTBROWN LHAR TEREO ACCOUNTANTS BUSINESS ADVISERS Mr G Barnetson 31 Cliff Road Cowes Isle of Wight P03188N DSIIW9613 15 October 2024 Dear Graham Annual Accounts I now enclose the completed accounts for charity forthe year ended 31 December 2023. The examination is Completed, and I would be grateful if you would arrange for the accounts to be 518ned and then return to me in order that l rnay countersign them. before return a fully signed set to yourselves. l am also enc105ing the letter of representation which also needs to be approved and returned with the accounts. Unsigned accounts can be forwarded to the Charity Commission as they are able to accept an unsigned document provided that the charity has a fully signed set on its files. Finally. l enclose a note of our charges for your kind attention in due course. Kind regards Yours sincerely David stevens Davld Steven$ Encs BRIGHTBROWN.COM EXCHANGE HOUSE, sTCR0 L4TrE. NEWPORT. ISLE QFWGHT. P9sBz TELEPHoNE.'01983526l FAX.. 01983529172 BRIGHTBRDM ISTHETR4DINGNAME oF8GT 8Rm LIPArtED. COWANY NUk8ER..Q4849714REGBTEREO IN EN(UTr &WALES DIRECTORS.. AVAlE ON REQUEST EfdiJL". INF BRWTBROVIN.CQ GIsfEREDTOCRyC*4UDIT AQRKINThExppETE)F¢llARpGEcFI4TuEHTES5CTN1TjEas¥THEJNSTl[vTE¢F WTÉREDK(XMJVTU4TSINENGLANDMO4WiES ICA£VI CHARTÈRED ACCOUNfANTS
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Sectiort A Independent Examiner's Report Report to the trusteesl members of 151e of Wight Literary Festival On accounts for the year ended 31 December 2023 Charity no (if any) 1164814 Set out on pages Ito3 I report to the trustees on my examination of the accounts of the above charity I"Ihe Trust") for the year ended 31 December 2022. Responsibilities and As the charity trustees of the Trust, you are respongible for the preparation basis of report of the accounts in acctsrdance with the requirements of the Charities Act 2011 ("Ihe AGt°). I report in respect of my examination ol the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 14515}Ib} of the Act. I have completed my examination. I confirrn that no material matters have come to my attention in nnection with the examination which gives rne cause lo believe that in. any material respect- accounting records were not kept in accordance with sectton 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Slgned: Date: Name: David Stevens Relevant professional qualificationlsl or body (if any): ACA Address: BRIGHT BROWN LIMITED, CHARTERED ACCOUNTANTS. EXCHANGE HOUSE, ST CROSS LANE. NEWPORT, ISLE OF WIGHT P030 5BZ Section B Disclosure Only complete if the examiner needs to highlighl matters of concern Isee CC32, Independent examination of charity accounts.. directions and guidance for examiners). IER October 2018
Give here brief detalls of any itèms that the examiner wishes to disGlose. None IER October 2018
CHARITY COMMISSION FOR ENGLAND AND WAIES 1$10 of Wght Litsrary Fe$tival Receipts and payments accounts CC16a Forthe period fro 151JBnua 2023 31$1 Decènl)er 2023 Section A Receipts and payments Llnrestricted funds Endowment fund5 tts thè rwdfest £ Rg$tfl¢ted fund8 Total funds Last year to nBar&#t to npar&t £ ¢0 thB nBaro¥t £ A1 Re¢ei Tke¢S Cbnalions Book sa9 es Town Counc t$ 50.950 9.660 5U,950 9.660 38.004 2,S71 1.432 1.000 2,5 429 2.500 Benefaciors .707 8,707 6.620 Advgrtisin Red Funn L1mIe Lunch 7,0110 8,SJ3 757 7,OOE 1,74S 7.006 1.745 12,000 542 1,237 9d,347 Iv1edina Schools Merchanoise sas 542 1,237 976 Sub total(Gross income forARJ 82.77fj 12,fyuo 78,368 A2 As$et and Investment sales, see table Sub total Totalreceipts 82.776 12.000 94,347 78,368 A3Pa ments Pr4ett mnayèment Websiie Adverttsing. Ntsrkeiing and nwdia,prograffl 12.707 2,262 12.7ll7 2.262 .056 5,604 5.fj04 Autho¢s fgP$. acC<MtYdatIOn and Iransport 16,400 16.4NJ 11.509 232 Book COSI Venues and audio visual SICians 34,962 1,850 573 1,650 573 PrDfps$ional lees Voluniegr gxpensas Insufdnce Sundry Literary lunch Ollice reni and raies etc. Bank charges Schools progranvT 1,329 958 95B 8S1 5.542 4.755 4,837 1.16B 8.114 8.114 3,834 90.518 Sub total 82,450 8.114 90.564 A4 A$$et and Investment purchases, Isee lablel Sub total Totalpayments 82.450 8.114 90,564 90.516 Net ofreceipts/(payments) A5 Transfers between funds A6 Cash funds 18St year end Cash fvnds thls year end 326 3.886 4,212 12,150 58 5,166 9.052 5,752 1T,902 5.752 912 9.964 Section B Statement of assets and liabilities at the end of the period
Unrestricted funds Restricted funds Endowment funds Categories Detalls to noarBst £ lo are$l £ to nBarost £ B1 Cash funds Bank currnt account 912 9.052 Total Gash funds 912 9.052 Unrestricted funds RestrlGtefl funds Endowment funds lo r¢aro51 £ Details tD Fiè4rqst È to ngarB$t £ Fur lo whl¢h a$sÈt belongs Current val IDPtlonall Details 83 Invèstmènt assets Fwd tg wlych Jssol •195 Lknrgslncied Details Cofflputer equ1pThwI Cost (WO11 rrenl value 1¢ptIolI B4 Assets retaSned for thè charity's own use 3.otlo 10D tksks Joo Fd kn whlch Details 14itiolI lopd¢Jnall BS Liabilitre Slgn&d by onp orlwo Iru$l88s on behaw of al the Iwslees Sw)n8ture Print Nam8 Dale of approval Ih, 4kJlQgTr 11.•)1.1 CCXX R2 ar*ounls ISSI 1510112024