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2021-03-31-accounts

Charity number 1181088

Young Identity

Annual report and financial statements For the period 1st April 2020- 31st March 2021

1

Young Identity

Reference and administrative information

for the period ended 31[st] March 2021

Charity number 1181088

Registered office and operational address 7 Brooks Road Old Trafford Manchester M16 9GG Legal name: Wordsmith Awards

Trustees Trustees who served during the year and up to the date of this report were as follows:

Jonah Earle Chair Tolu Agbelusi

Dr Mary Elisabeth Cordingley

Guy Perry Sylvia Lee Nasima Begum Rosie Stuart Robert Croll

Key management

Shirley May Artistic Director

personnel

Bankers Natwest Bank

438 Barlow Moor Road, Chorlton-Cum-Hardy, M21 0NN

Independent examiner Jennifer Daniel FCCA DChA Slade & Cooper Limited Beehive Mill, Ancoats, Manchester, M4 6JG

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Young Identity

Trustees’ annual report

for the period ended 31[st] March 2021

The trustees present their report and the audited financial statements for the year ended 31[st] March 2021.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the charity’s constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remain focused on its stated purposes.

The trustees confirm that throughout the planning and implementation of these activities, they have complied with their duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity.

CHARITABLE PURPOSE

Young Identity’s objectives as set out in its constitution are to:

  1. To advance the education of young people, in the study and appreciation of the arts, in particular poetry and literature, including but not exclusively, by organising workshops, performances and other educational programmes as determined by the trustees.

  2. To act as a resource for young people up to the age of 30 living in Manchester by organising poetry workshops and events as a means of:

(a) Advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature, and responsible individuals

(b) Providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, disability, poverty, or social and economic circumstances with a view to improving the conditions of life of such persons

VISION & MISSION

Young Identity’s vision is of a world where everyone has access to literature and performance. Our mission is to empower young people – particularly those who are disadvantaged and

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Young Identity

Trustees’ annual report

for the period ended 31[st] March 2021

underrepresented - by giving them the skills and the platforms to speak out, to tell their own stories and share their stories with others.

In doing, Young Identity is creating a more diverse cultural landscape in which literature and the arts are for everyone and developing core skills that help young people be more employable, socially included, resilient and enterprising, and creative thinkers and doers.

We believe there is a writer in every one of us, regardless of class, ethnicity, disability, gender, sexuality or access. We eradicate barriers to access to literature and performance. Young Identity’s voice cuts through the noise. We are unique, different and stand out.

We believe in the transformative power of the arts in young peoples’ lives. We develop literacy, critical thinking and active citizenship for young people through experimenting with literature and combined arts. We nurture the talent of tomorrow.

We empower disadvantaged and under-represented young people to fulfil their artistic potential. We equip young people in Greater Manchester and beyond by bridging the equality gap and giving them the fundamentally necessary to improve their life and social standing.

We provide the people of Manchester, Greater Manchester and the wider world with a distinctive range of high-quality writing workshops and events and participatory work that stimulates, challenges, entertains and encourages creativity. Our ambition is to impact on and inspire the artistic and cultural landscape of the Northwest England and further afield, both nationally and internationally.

ACTIVITIES

The pandemic has shown that the service we provide is crucial for the young people involved; We have given them stability and kept them engaged and focused during a worldwide crisis. We quickly moved our services online, allowing young people to still participate in workshops, training and shows.

We achieve our mission through the following activities:

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Young Identity

Trustees’ annual report

for the period ended 31st March 2021

Achievements and performance

The charity's main activities and who it tries to help are described below. All its charitable activities are undertaken to further Young Identity’s charitable purposes for the public benefit.

The impact of Covid reduced the number of commissions, events and productions that Young Identity could have potentially been involved in and produced due to cancellations or postponing activities for a post-pandemic world. As a result, critically impacting the organisation, we had to streamline our core team and activities, moving our provision online.

Over the past 12 months Young Identity has:

Particular highlights include:

● One Mic Stand Black Minds Matter fundraiser Special

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Young Identity

Trustees’ annual report

for the period ended 31[st] March 2021

During the pandemic, it was evident that Black, Asian and Ethnically diverse people were disproportionately affected by Covid-19. Our recognition of this issue, as well as the ongoing repercussions and trauma of the world witnessing the murder of George Floyd led us to develop and launch a pilot well-being programme. We realised that our project activity needed to incorporate group and individual creative therapeutic activity, exploring and gaining new resilience and mindfulness techniques, plus the power of journaling, without having a targeted outcome. The sessions were facilitated by a qualified mental health practitioner, a youth worker, and renowned poet Zena Edwards.

This event was led by Ali Al-Jamri from Young Identity’s Young Producers Programme with support from the Young Identity team. Ali successfully produced “Resistance is My mother Tongue” a kaleidoscope of poetry and conversation, examining what emotions are unique to mother languages that cannot be expressed in English. Young Identity poets performed bilingual poetry featuring young performers hailing from Asian, African and South American communities as well as those who speak in Gaelic languages in the UK.

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Young Identity

Trustees’ annual report

for the period ended 31[st] March 2021

Table showing the participants/beneficiaries for the year 2020

Participants/Beneficiaries No. of
People
Young Identity workshops Participants (Active
members)		 112
School
Participants/college/university/Participants		 519
School Audiences 1,148
Participants frompartnership projects 108
Festival/Event Audiences (views) 4,021
Total 5908
Online engagement/social media
Facebook
Young Identity (Following) 1574
One Mic Stand(Following) 673
Young Identity (Members) 417
Instagram (Following) 1715
YouTube
Subscribers 331
Views (Lifetime) 61,037
Twitter (Following) 2696
Total 68,443

Participant Testimonials

‘ It has done so much for my confidence as a writer, but our groups are also one of the rare places I feel able to truly express myself as I am. It is such a rare and special thing to hear everybody being so candid and vulnerable with each other, truly creating a place of integrity and family, you will never find such an accepting atmosphere anywhere else .’ Participant 18

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Young Identity

Trustees’ annual report

for the period ended 31[st] March 2021

‘ It’s a place where you can feel safe and can fit into. It’s helped me feel like my existence matters .’ Participant 21

‘ The pandemic has been a strain on my mental health so being part of this writing group has helped with that. Having this creative outlet that I can enjoy with other people has been a very valuable highlight for me during lockdown .’ Participant 19

Feedback from Partners, Commissioners and Participants highlighting Young Identity’s public benefit:

Partners endorsement

SICK! Festival

SICK! Festival was delighted to work with Young Identity on two projects over the past year: Streets of Poetry, delivered as part of our MINDSCAPES programme in collaboration with Dutch Culture, and Inherited Resilience, delivered with partners in South Africa as part of the British Council's DICE programme. We work with Young Identity because of their unique expertise in combining outstanding poetic practice with urgent social agendas. They bring art form specialism that SICK! Festival lacks and an ethos that resonates powerfully with our own.

We felt confident handing over delivery of Streets of Poetry to Young Identity, and the project was delivered in public spaces in North and Central Manchester with great care and effectiveness. The knowledge, understanding and sensitivity that they bring enabled us to connect in a powerful and meaningful way with people living in North Manchester who had experienced migration to the city.

We developed and secured funding for the DICE project on the basis that we would step back from the process in order to create a space where young black women in Manchester and Oudtshoorn, South Africa, could take a lead. This was a potentially risky strategy and was only possible due to the high level of trust that we have with Young Identity. The results that were developed within this framework were fantastic, both in terms of the process undertaken with participants, and the public outcomes which exceeded our expectations for the project.

Young Identity have been an outstanding partner both artistically and in terms of their practical delivery of project and we look forward to working with them again in the future .' Tim Harrison, Creative Director

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Young Identity

Trustees’ annual report

for the period ended 31[st] March 2021

HOME

Young Identity are always one of the most exciting companies we work with at HOME continually provoking and surprising with their soaring poems and scintillating stage presence. Over the past 18 months, despite Covid-19, we have worked with them on two book launches which have thoroughly captivated all in attendance as the collective tackle the world around them as only they can – with words, words that have the ability to strike a chord with everyone lucky enough to be there to listen. It’s a joy knowing Young Identity are an associate company at HOME as I know we will continue to be enlivened with their presence for some time to come .” Kevin Jamieson, HOME, Head of Programme

Manchester City of Literature

Young Identity has been a vital part of the UNESCO City of Literature story in Manchester - from shaping the original bid through to being an active partner in the current network. Their work in supporting young people to find and develop their voice is exceptional. And I was delighted when YI were able to extend their contribution to International Mother Language Day with the online presentation of Resistance is My Mother Tongue. A formidable organisation who we are lucky to count as close partners and collaborators.

Ivan Wadeson, Executive Director, Manchester City of Literature

MIF

I worked with Shirley May and the Young Identity team on Catch a Fire - a collaboration for MIF21 with Dele Sosimi’s Afrobeat quartet, curated by Cerys Matthews. The four young poets who performed in the final performance – Yoursalem Okbamichael, Arinola Adegbite, Isaiah Hull and Jova Guayaba - were a highlight of the event, demonstrating huge energy, talent and creativity. We had incredible feedback from audiences, and the other artists involved including Dele Sosimi and Cerys Matthews. They were brilliantly supported in rehearsal by associate director Courtney Hayles, who brought valuable focus and confidence to their performances. I was especially grateful for the support and collaboration of Shirley and Nicole May in the planning stages for the

collaboration, especially the level of care and belief that they show in the young people, and how they go above and beyond to create incredible opportunities for them to develop their talent and artistry.

Katherine Wilde, Associate Producer, MIF

BBC

BBC Words First is a talent development scheme hosted by BBC Radio 1Xtra, BBC Asian Network and BBC Contains Strong Language to find the best emerging spoken word talent in the UK. Since

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Young Identity

Trustees’ annual report

for the period ended 31[st] March 2021

we took over the production of the talent development scheme in 2019 we have chosen to work with Young Identity on every occasion. BBC Words First takes place over a number of months and involves working with a number of external partners in order to work effectively with emerging artists across the UK. Young Identity are involved in promoting the scheme, shortlisting applications, holding/programming a series of workshops with our artists, creating and editing a showcase of their work and then assisting the BBC in their judging panel. Young Identity helps aid us in the development of the talent development scheme, always putting the needs and satisfaction of the emerging artists first. When looking for artists audio broadcast on networks such as Radio 4, Young Identity are always our first port of call when looking for artists to work with. The amount of work and development that Young Identity put into their artists is clear to see in the work that they produce. Young Identity are an outstanding partner to work with and set an example to others. They work tirelessly and consistently to deliver on time and take real pride in what they do.

Elise Gallagher

Culture, Arts, & Music Audio – Junior Production Manager

Financial review

The Covid-19 pandemic caused a lot of disruption to our planned activities during the financial year. Postponements, cancellations and uncertainties made us assess the how, when and where of how to deliver our workshops/projects in a safe effective fashion.

Thanks to funding made available by the Arts Council and Big lottery we were able to keep our workshops and the majority of our projects running, with minimal interruptions.

Our Statement of Financial Activities show a total net income for the year of £47,869, with £35,402 unrestricted funds and £12,467 restricted.

At the end of the year, we had a total of £85,731 funds, £31,033 restricted funding, £54,698 unrestricted funds, this including prepayments and accruals.

The Board of Trustees are happy with the charity’s position at the end of the year.

.

Reserves policy

The charity currently has a basic reserves policy that ensures 10% of the annual budget is kept as reserves (currently c. £17,200). As the charity grows in size and complexity this policy will be reviewed to ensure it remains fit for purpose.

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Young Identity

Trustees’ annual report

for the period ended 31[st] March 2021

Plans for the future

During the pandemic and the high levels of uncertainty, it was challenging to plan for the future. We moved all our provisions online, and when safe in line with COVID- 19 guidelines, we delivered activity in person. Our plans for the next year:

Structure, governance and management

Young Identity is a charitable incorporated organisation administered by eight trustees and governed by its constitution dated 27[th] November 2018. It was registered with the Charity Commission on 10[th] December 2018.

All trustees are appointed by vote by the trustees for a minimum term of three years. Trustees are permitted to be reappointed for a maximum of two terms (six years). The minimum number of trustees permitted under the constitution is three, and there is no maximum.

The trustees are members of the charity; nonetheless, this entitles them only to voting rights. The trustees have no beneficial interest in the charity. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 7 to the accounts.

The trustees of Young Identity perform the usual duties of trustees, including appointing and managing the Artistic Director, setting the strategy, and ensuring compliance with financial and other obligations.

During the 2020/21 financial year, day to day management of the organisation was delegated to the artistic director, who was responsible for ensuring the operations of the charity are managed efficiently. She is responsible for:

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Young Identity

Trustees’ annual report

for the period ended 31[st] March 2021

Remuneration policy for key management personnel

The trustees set the remuneration for the artistic director in discussion at a full board meeting and review annually.

Risk management

The board of trustees and key management personnel have a rigorous approach to risk management. The organisation’s key risks are reviewed on an ongoing basis, with mitigating actions put in place to minimise the continuing threat to the charity.

The key risks at the point of signing this report are:

Due to the COVID-19 crisis, Young Identity’s earned income from commissioners was cancelled or postponed. However, having successfully secured emergency funding from Arts Council England Emergency Grant and Cultural recovery and the National Lottery Community Fund, allowed the organisation to adapt and continue its activity.

We have implemented several scenario planning options in all of our different activities factoring in various public health scenarios. The emotional, economic, and health effects of COVID-19 make Young Identity’s work even more important for young people; despite the challenging situation.

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Young Identity

Trustees’ annual report

for the period ended 31[st] March 2021

Statement of responsibilities of the trustees

Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practices and:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the trustees on /_/2022 and signed on their behalf by, 27 01

Jonah Earle (Chair)

13

Independent examiner’s report

to the members of

Young Identity

I report to the charity trustees on my examination of the accounts of the charity for the period ended 31[st] March 2021 which are set out on pages 15 to 23.

Responsibilities and basis of report

As the charity’s trustees 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 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 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; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

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.

Jennifer Daniel FCCA DChA

Slade & Cooper Limited, Chartered Certified Accountants Beehive Mill, Jersey Street Manchester, M4 6JG

Date…………………….

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Wordsmith Awards

Statement of Financial Activities

for the period ended 31 March 2021

Unrestricted
funds
Note
£
Income from:
Donations and legacies
3
1,252
Charitable activities:
4
53,755
Total income
55,007
Expenditure on:
Charitable activities:
5
19,605
Total expenditure
19,605
6
35,402
Transfer between funds
14
Net movement in funds for the year
35,416
Reconciliation of funds
Total funds brought forward
19,282
Total funds carried forward
54,698
Net income/(expenditure) for
the year		 Restricted
funds
£
130
164,612
164,742
152,275
152,275
12,467
(14)
12,453
18,580
31,033		 Total funds
2021
£
1,382
218,367
219,749
171,880
171,880
47,869
-
47,869
37,862
85,731		 Total funds
2020
£
5,850
147,798
153,648
115,786
115,786
37,862
-
37,862
-
37,862

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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Wordsmith Awards

Balance Sheet

as at 31 March 2021

Note
£
£
Current assets
Debtors
9
495
Cash at bank and in hand
86,496
Total current assets
86,991
Liabilities
Creditors: amounts falling
due in less than one year
10
(1,260)
Net current assets
85,731
Net assets
85,731
Funds of the charity:
Restricted income funds
11
31,033
Unrestricted income funds
12
54,698
Total charity funds
85,731
2021		 £
£
554
38,568
39,122
(1,260)
37,862
37,862
18,580
19,282
37,862
2020		 £
£
554
38,568
39,122
(1,260)
37,862
37,862
18,580
19,282
37,862
2020
37,862
18,580
19,282
37,862

The notes on pages 17 to 23 form part of these accounts.

27 01 Approved by the trustees on /_/2022 and signed on their behalf by:

Jonah Earle (Chair)

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Wordsmith Awards

Notes to the accounts for the period ended 31 March 2021

1 Accounting policies

The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The 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), second edition - October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Accounting Practice.

The charity has applied the exemption available to small charities in the Charities SORP (FRS 102) and does not include a Statement of Cash Flows in these Financial Statements.

The accounts (financial statements) have been prepared to give a 'true and fair view' and have departed from the

Wordsmith Awards meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

There are no key judgments which the trustees have made which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

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Wordsmith Awards

Notes to the accounts for the period ended 31 March 2021 (continued)

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met.

d Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

e Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity.

Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

f Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

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Wordsmith Awards

Notes to the accounts for the period ended 31 March 2021 (continued)

g Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

h Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term 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.

i Creditors and provisions

Creditors and provisions 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

j 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2 Legal status of the charity

The charity is a charitable incorporated organisation, registered as a charity in England & Wales.

3 Income from donations and legacies

Current reporting period
Donations
Total
Previous reporting period
Donations
Total		 Unrestricted
£
1,252
1,252
Unrestricted
£
5,850
5,850		 Restricted
£
130
130
Restricted
£
-
-		 Total 2021
£
1,382
1,382
Total 2020
£
5,850
5,850

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Wordsmith Awards

Notes to the accounts for the period ended 31 March 2021 (continued)

4 Income from charitable activities

Current reporting period

Current reporting period
Commissions
Arts Council England (YI in the Community)
Arts Council England Culture Recovery
Arts Council England (Emergency Fund)
Trafford Housing Grant
Other income
Total
Previous reporting period
Commissions
Arts Council England (YI in the Community)
Arts Council England (Imprint)
Foyle Foundation
Manchester City Council
Other income
Income transferred from association
Total
National Lottery Coronavirus Community
Support Fund (CCSF)		 Unrestricted
£
52,505
-
-
-
-
-
1,250
53,755
Unrestricted
£
90,886
-
-
-
-
-
18,492
109,378		 Restricted
£
-
25,332
52,960
34,460
45,970
5,890
-
164,612
Restricted
£
-
19,320
12,600
6,000
500
-
-
38,420		 Total 2021
£
52,505
25,332
52,960
34,460
45,970
5,890
1,250
218,367
Total 2020
£
90,886
19,320
12,600
6,000
500
-
18,492
147,798
Freelance
Insurance
Marketing
Office expenses
Prizes
Show expenses
Traveling and subsistence
Venue hire
Professional fees
Restricted expenditure
Unrestricted expenditure
Governance costs (Accountancy & IE fees)		 Total 2021
£
139,946
595
5,471
21,604
501
1,697
6
-
800
1,260
171,880
2021
£
152,275
19,605
171,880		 Total 2020
£
104,702
104
1,833
591
240
794
5,742
520
-
1,260
115,786
2020
£
19,840
95,946
115,786

20

Wordsmith Awards

Notes to the accounts for the period ended 31 March 2021 (continued)

6 Net income/(expenditure) for the year

This is stated after charging/(crediting): 2021 2020
£ £
Independent examiner's fee - accountancy fee 960 960
Independent examiner's fees - examination fee 300 300

7 Trustee remuneration and expenses, and related party transactions

Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2020: Nil).

No members of the management committee received travel and subsistence expenses during the year. (2020:£Nil).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

Two trustees Nasima Begum and Tolu Agbelusi received fees, £1350 and £1750 respectively as workshop facilitators during this period.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year.

8 Corporation tax

The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

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Wordsmith Awards

Notes to the accounts for the period ended 31 March 2021 (continued)

9 Debtors

Debtors
Other debtors
Prepayments and accrued income
Creditors: amounts falling due within one year
Other creditors and accruals		 2021
£
-
495
495
2021
£
1,260
1,260		 2020
£
110
444
554
2020
£
1,260
1,260

10 Creditors: amounts falling due within one year

11 Analysis of movements in restricted funds

Arts Council England (YI in the
Community)
National Lottery Coronavirus Community
Support Fund (CCSF)
Arts Council England (Emergency Fund)
Trafford Housing Grant
Arts Council England Culture Recovery		 Balance at
1 April
2020
£
18,580
-
-
-
-
18,580		 Income
£
25,462
52,960
34,460
45,970
5,890
158,852		 Expenditure
£
(23,487)
(54,689)
(34,446)
(33,763)
(5,890)
(146,385)		 Transfers
£
-
-
(14)
-
-
(14)		 Balance at 31
March 2021
£
20,555
(1,729)
-
12,207
-
31,033

Name of

Description, nature and purposes of the fund

Arts Council England (YI in the Community)

Arts Council England funding for writing development programme for people aged 15-25 years old.

Arts Council England (Imprint)

Arts Council England (Culture Recovery)

A project grant for Hatch imprint show at HOME’s Push festival.

Grant was critical for our longer-term survival for the Young Identity during COVID.

Arts Council England (Emergency Fund)

National Lottery Coronavirus Community Support Fund (CCSF) Trafford Housing Trust

Supported the continuation of Young Identity.

Support made a significant contribution to the survival of our organisation during COVID and project activity.

The funding allows us to pilot a writing and performance workshop in the Trafford area for Trafford residents.

22

Wordsmith Awards

Notes to the accounts for the period ended 31 March 2021 (continued)

12 Analysis of movement in unrestricted funds

General fund Balance
at 1 April
2020
£
19,282
19,282		 Income
£
55,007
55,007		 Expenditure
£
(19,605)
(19,605)		 Transfers
£
14
14		 As at 31 March
2021
£
54,698
54,698

Name of Description, nature and purposes of the fund General fund The free reserves after allowing for all designated funds

13 Analysis of net assets between funds

Current Reporting Period
Other net current assets/(liabilities)
Total		 General
fund
£
54,698
54,698		 Designated
funds
£
-
-		 Restricted
funds
£
31,033
31,033		 Total
£
85,731
85,731

23