2021-05-31-accounts

Trustees
Thetrusteesserving during theyear	and sincetheyearendwereas follows:
Jeanette Adams-Resigned12October2020-Reappointed 30June2021
Victoria Bazin
LaureBrooks
Margaret Cook-Resigned 30 September2A2O
MiriamHarte-Treasurer-Resigned14August2O2l
AudreyMacnaughton-Chair
FionaNewborough
Sophie O'Neil
Lucy Smyth-Treasurer-Appointed	14August2021
DebbieTaylor
AlexandraWestwood
Keymanagementpersonnel	lsabelSmales-Finance Director
	Debbie Taylor-Editorial Director
Companynumber	A3374941
Charitynumber	1183410
Registeredoffice	Clarke'sCharteredAccountants
	176PortlandRoad
	Jesmond
	Newcastle uponTYne
	TyneandWear
	NE21DJ
Principalplaceofbusiness	MslexiaPublicationsLimited
	3 EllisonTerrace
	Ellison Place
	Newcastle uponTYne
	NE1 8ST
lndependentExaminer	Clarke'sCharteredAccountants
	176 Portland Road
	Jesmond
	Newcastle UponTyne
	NE21DJ
Bankers	Co-operativeBank Limited
	1Balloon Street
	Manchester
	M6O4EP

	Notes	Unrestriqted	Restricted	3'lMay2021	31 May
		funds	funds		2020
				Total	Total
		f	s	E	E
INCOME FROM:
Donationsandlegacies	2	576		576	537
Charitable activities	t	311,818		311,818	328,944
Othertradingactivities	4	86,416		86,416	79,731
lnterestreceivable		1.292		1,292	2,454
Totalincome		440J02		400J02	411,666
EXPENDITURE ON:
Charitable activities		312,024	19,401	331,425	403,242
Total expenditure		312,024	19,401	331,425	403,242
Net incomel(expenditure)		88,078	(19,401)	68,677	8,424
Totalfundsbroughtforuvard		110.132	24,401	134,533	126,109
Totalfundscarried forward	12	198,210	5,000	203,210	134,533

		2021f	2020f
Fixedassets		20.455	4,585
Gurrent assets
Debtors		11,963	20,080
Stock		200	'1,000
Cashatbankandinhand		314,391	318,496
		326,554	339,576
Creditors: amountsfallingduewithin oneyear	10	(143.799|(209,628)
Netcurrent assets		182,755	129.948
Netassets	13	203,210	134,533
Thefundsof the charity
Restrictedfunds	12	5,000	24,401
Unrestrictedfunds	12	198,210	110.132
Total charityfunds		203,210	134,533

onations and legacies
	Unrestricted	Restricted	31 May	31May
	funds	funds	2021	2020
	€€		€	f
			576	_59
ncomefromcharitableactivities
	Unrestricted	Restricted	31 May	31May
	funds	funds	2021	2020
	E	€	E	f
Grants	83,190		83,190	28,500
Subscriptions	199,903		199,903	202,499
AdvertisingRevenue	28,725		28,725	24,357
Mslexicon	-------------:			73,588
	311,818		311,818	328,944
ncomefrom othertrading activities
	Unrestricted	Restricted	31 May	31 May
	funds	funds	2421	2020
	e	€	E	€
Royalties	516		516	409
SpecialProject lncome	85,900		85,900	79,202
Otherlncome	--------.-:			124
	86,416		86,416	79,731

xpenditure on charitableactivities
	Direct	Support	31 May	31May
	costs I	costs s	2421f	2020 f
Fundingtoadvancetheeducationof	182,428	144,244	326,672	398,190
thepublicinthe subject oftheliterary
arts
Governance costs		4.753	4.753	5,052
	182,428	148,997	331,425	403,242

upport costsaremadeup of:
	31May	3{May
	2021	2024
	€	g
Support staff costs Rent	99,881 5,143	118,581 6,497
Bank charges Advertising andmarketing lnsurance	5,046 14,167 704	3,357 15,266 720
Computer maintenance Printing, postage & stationery	8,098 307	9,064 420
Telephone& internet costs	620	467
Other support costs	1,327	1,586
Websitemaintenance	5,092	3,836
Depreciation	2,807	2,923
Corporation tax charged Governance costs	203 4,753	468 5,052
Provision for doubtful debts	849
	148,997	168,234
overnance costsaremade up asfollows:
	31May	3{May
	2021 f	2020 t
Accountancy services	3,240	3,039
Independent examination	1,500	1,500
Consultancyfees		500
CompaniesHouse filingfees	13	13
	4,753	5,052

etoutgoingresources
	31 May	31May
	2021 I	2020 E
The netoutgoingresources fortheyearisstatedafter charging:
Clarke's fees:
Independent examination	1,500	1,500

Staff costs
	31May	31May
	2421	2020
	g	€
Wages and salaries Socialsecuritycosts Otherpensioncosts	95,200 2,952 1.729	110,551 5,868 2,182
	99,881	118,581

Theaverage	number of staffem	ployedbythecharity d	uring theyearamountsto:
			31May	31	May
			2021	2020
			E		€
Management	and administration	staff	_l	I

	Office Equipment f	Website €	Total f
Cost
At1June 2020	13,765	19,534	33,299
Additions		10.086	10,086
At31May2021	13.765	29.620	43,385
Depreciation
At1June2020	13,765	14,949	28,714
Charge for theyear At3lMay 2421	13.765	921 15,870	921 29,635
Net Book Value
At3lMay 2021		13.750	13.750
At31May2020		4.585	_4J85
lntangibleFixedAssets		Rebranding €	Totalt
Cost
At1June2020		9,700	9,700
Additions		8,591	8.591
At31 May2021		18.291	18.291
Depreciation
At1June2020		9,700	9,700
Charge for theyear At3lMay2A21		1,886 11.586	1,886 ltl580
Net BookValue
At 31May2021		6,705	6,705
At31May2020

9.	Debtorc
		3tMay	3{May
		2021	2020
		E	E
	Trade debtors	5,467	3,498
	OtherDebtors	3,420	3,502
	Prepayments andaccruedincome	3.076	13,080
		11,963	20,080
10.	Creditors: amountsfallingduewithinoneyear
		31 May	3{May
		2021 f	2020 f
	Trade creditors	7,651	19,429
	Corporation tax	208	504
	Other taxes and social security costs	1,106	1,226
	Othercreditors	1,835	1,649
	Accrualsanddeferredincome	132,999	186.820
		143,799	209,628
11.	Deferredincome	31May	31May
		2021	2020
		t	g
	Deferred incomeat1June 2020	63,190	91,690
	Amounts deferred during theyear Amountsreleasedfromprevious years	22,500 (83.190)	(28,500)
	DeferredincomeatSlMay2021	2,500	63,190

AnalYsisof charitablefunds	As at lMay 2020 t	lncome E	Expenditure €	Transfers c	As at 31May 2021 E
Restrictedfunds
General	24,401		(19,401)		5,000
Unrestrictedfunds General	110.132	400.102	(312.024|	198,210
Totalfunds	134,533	4OAigz	(331,425)		2A3,210

nalysis	ofnetassetsbet	weenfunds
		Unrestrieted funds E	Restricted funds c	Total 2A21 f	Total 2A20 f
Current Current	assets liabilities	347,009 (141.299|(2,500)	347,009 (143,799)	344,161 (209,628)
		^r::	(2,500)	,:::	134,533