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