Charity no. 1180799
## **NW6 Arts**
# **Receipts and Payments Accounts 31 December 2022**
## **NW6 Arts**
## **Reference and administrative details**
|**For theperiod ended 31 December 2022**|**For theperiod ended 31 December 2022**||
|---|---|---|
|**Charity number**|1180799||
|**Registered office and**|1 Summerfield Avenue||
|**operational address**|London||
||NW6 6JT||
|**Trustees**|The trustees are who served during the period and up to the date of this||
||report were as follows:||
||Virginia Brand||
||Thomas du Plessis|Chair|
||Simon Frais|(appointed 1 November 2021)|
||Derek Johns||
||Susan Pym||
|**Bankers**|HSBC||
||94 Kensington High Street||
||Kensington||
||London||
||W8 4SH||
|**Independent**|Godfrey Wilson Limited||
|**examiners**|Chartered accountants and|statutory auditors|
||5th Floor Mariner House||
||62 Prince Street||
||Bristol||
||BS1 4QD||
1
## **NW6 Arts**
## **Report of the trustees**
## **For the period ended 31 December 2022**
Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements and the constitution.
## **Objectives and activities**
NW6 Arts is a Charitable Incorporated Organisation (CIO) whose only voting members are its charity trustees. It was established for the advancement of arts and education for the benefit of the public by the promotion of literature and the arts, in particular, a literary festival in Queen’s Park and other activities as determined by the trustees.
## **Public benefit**
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Appointment of charity trustees**
Apart from the first charity trustees, every trustee must be appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
## **Achievements and performance**
In 2022 the Queen’s Park Book Festival made further progress in establishing itself as one of the most exciting and respected new literary festivals in London. In a programme including fiction, memoir, poetry, current affairs, history, sport, art and cookery, the festival presented an exciting range of topics and events for audiences.
The festival featured bestselling authors including Robert Harris, Colin Thubron, Victoria Hislop, Howard Jacobson, and Louisa Young, alongside exciting new authors and unique events. The Queen’s Park Community Tent continued its valuable work celebrating local talent and fresh new voices in literature, as well as presenting comedy events and the annual Queen’s Park Young Writers Award in collaboration with local schools.
The festival made significant progress in securing local sponsorship support and was awarded funding from the National Lottery Community Awards for All, reflecting the impact that the festival has made on the local area.
New initiatives that were created as a result of funding received from the Brent 2020 London Borough of Culture have been continued, including the Queen’s Park Young Writers Award, an expanded artistic programme and the expansion of a fully funded scheme offering free tickets to every sixth form student in Brent, as well as discounted tickets to college and university students.
## **Future plans**
In 2023 the festival will continue building its core voluntary team, strengthening the festival’s capabilities in marketing, advertising and fundraising. The festival’s key strategic priorities are to increase the operational sustainability of the festival, strengthen its financial position and continue to broaden the festival’s audience through increased marketing, co-promotions and charity partnerships, to ensure that the festival can be enjoyed by as many people as possible across London.
2
## **NW6 Arts**
## **Report of the trustees**
## **For the period ended 31 December 2022**
## **Financial review**
The charity ended the period with a surplus of £3,843 reflecting the careful management of funds throughout the period to ensure the 2023 festival will be financially supported. Total income was £70,127 with 14% of total income derived from government grant funding. This is in line with the aims of the charity to reduce the dependency on voluntary income.
## **Policy on reserves**
It is the policy of the charity to build up its unrestricted reserves to a sufficient level to cover the artistic costs of the forthcoming festival. Given the novelty of the festival and the charity, it is expected that these reserves will take a few years to build.
## **Independent examiners**
Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 6 April 2023 and signed on their behalf by
## Thomas du Plessis
Thomas du Plessis Trustee
3
## **Independent examiner's report**
## **To the trustees of**
## **NW6 Arts**
I report to the trustees on my examination of the accounts of NW6 Arts (the charity) for the period ended 31 December 2022, which are set out on pages 5 to 6.
## **Respective responsibilities of trustees and examiner**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- (1) accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- (2) the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## William Guy Blake
## Date: 11 April 2023 **William Guy Blake ACA Member of the ICAEW**
For and on behalf of:
## **Godfrey Wilson Limited**
Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD
4
## **NW6 Arts**
## **Receipts and payments account**
## **For the period ended 31 December 2022**
|**16 months**
**to 31**
**December**
**2022**
**Total**
**£**
**Receipts**
Ticket sales
**26,446**
Individual donors
**10,500**
Statutory funding
**10,000**
Trusts and foundations
**10,000**
Food and drink sales
**7,881**
Advertising and sponsorship
**5,300**
**Total receipts**
**70,127**
**Payments**
Amplification and technology
**28,740**
Event costs
**23,723**
Artist fees
**8,536**
Advertising and marketing
**6,555**
Administrative costs
**4,000**
Catering and hospitality
**3,998**
Event management
**3,717**
Photography
**2,443**
Website
**1,172**
Insurance
**969**
Auditing fees
**-**
**Total payments**
**83,853**
**Net receipts / (payments)**
**(13,726)**
**Cash funds at 1 September 2021**
**17,569**
**Cash funds at 31 December 2022**
**3,843**|12 months
to 31
August
2021
Total
£
2,342
-
2,000
-
-
1,700|
|---|---|
||6,042|
||4,002
3,160
-
2,440
1,487
-
-
-
695
-
900|
||12,684|
||(6,642)
24,211|
||17,569|
All income and expenditure for the current and prior period was unrestricted.
5
## **NW6 Arts**
## **Statement of assets and liabilities**
## **As at 31 December 2022**
|**Cash funds**
Cash at bank and in hand
**Total cash funds**
**Funds**
Unrestricted funds
General funds
**Total charity funds**|**31**
**December**
**2022**
**£**
**3,843**
**3,843**
**3,843**
**3,843**|31 August
2021
£
17,569|
|---|---|---|
|||17,569|
|||17,569|
|||17,569|
Approved by the trustees on 6 April 2023 and signed on their behalf by
## Thomas du Plessis
Thomas du Plessis Trustee
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