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2021-03-31-accounts

Company registration number: 12002661 Charity registration number: 1189456

Manchester City of Literature

(A company limited by guarantee) Annual Report and Financial Statements for the Period Ended 31 March 2021

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Contents

Reference and Administrative Details Page 3
Trustees' Report Page 4
IndependentExaminer'sReport Page 14
Statement of Financial Activities Page 15
Balance Sheet Page 16
NotestotheFinancialStatements Page 17

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Reference and Administrative Details

Trustees

Zahid Hussain (Chair) Professor Sharon Handley Professor Alessandro Schiesaro (resigned June 2021) Professor John McAuliffe (appointed September 2021) Cllr Emma Taylor (resigned June 2021) Hafsah Aneela Bashir (appointed March 2021) Jo Yee Cheung (appointed March 2021) Mike Murphy (appointed March 2021) Katie Popperwell (appointed March 2021) Chandan Shergill (appointed March 2021) Karline Smith (appointed March 2021)

Senior Management Team Principal Office

Company Registration Number Charity Registration Number Independent Examiner

Ivan Wadeson, Executive Director First Floor, Town Hall Extension, PO Box 532, Manchester, M60 2LA 12002661 1189456 Catherine Hall FCCA DchA Slade & Cooper Beehive Mill Jersey Street Ancoats Manchester M4 6JG

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The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the period ended 31 March 2021.

Structure, governance and management

Nature of governing document

The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 17[th] May 2019. It has no share capital and the liability of each member in the event of winding-up is limited to £1.

Recruitment and Appointment of Trustees

The Directors who served during the period are listed in this document. Directors are appointed by the members at the annual general meeting or by resolution of the Directors. The City of Manchester has a right to appoint one director ("the Local Authority Director") and decide their period of appointment. Unless otherwise determined by the Company, the Board shall consist of at least three and not more than eleven individuals comprised as follows: up to one Local Authority Director; one Director appointed by the University of Manchester; one Director appointed by Manchester Metropolitan University and up to eight Community Directors. Two of the eight Community Directors may have an association with the City of Manchester or the two universities provided that at all times Community Directors with no such associations shall at all times be in the majority of the Directors. The Memorandum of Association provides that no director shall be required to retire at an annual general meeting during the first five years of the Company.

Induction and training of Trustees

New Directors meet the Chairman before being appointed at which time all aspects of the charity, including its management arrangements, are discussed and explained. Usually prospective directors attend a board meeting as an observer before being officially appointed. The Board is satisfied that its existing members understand their

legal ob ligation, s, the charity's constitution and all relevant financial matters.

Organisational structure

The company is administered by its Directors, who are its trustees for the purposes of charity law. There are currently 9 Directors. There are usually quarterly formal board meetings. Between formal meetings the board will discuss any relevant matters as and when they arise. The Directors delegate the day-to-day management to the Executive Director. During the period there have been no material changes in the policies pursued by the Board.

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Objectives and activities

Public benefit

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Financial review

Reserves Policy

The Trustees have set a reserves policy so that they can comply with their legal duties to protect and safeguard the assets of the charity. The charity will hold designated funds, or unrestricted reserves, for the following purposes:

To meet these commitments, the target for reserves is a minimum of £61,245 (this is calculated by

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adding three months’ operating costs excluding salary payments together with the total salary commitment beyond the confirmed funding period). At 31 March 2021, the figure for free reserves was £66,919, designated funds were £60,000 and restricted reserves were £7,840. The Trustees will review and approve the reserves policy in May each year as part of the preparation of the annual report and independently examined accounts.

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Executive Director's Report

Our Vision and Values

Our Vision is for an innovative, distinctive, equitable, globally connected city of reading and writing, where diverse voices are celebrated, creative talent and industries are nurtured and where literary activity changes lives.

Manchester City of Literature’s core values are:

Our Aims:

An overview of our achievements and performance

Manchester City of Literature was constituted in May 2019 and recruitment undertaken for a Chair and an Executive Director during that financial year. 2020-21 was therefore the first full year of operation for this new organisation. In March 2020, the team of three were in place for just a few short weeks before the COVID-19 pandemic led to national lockdown. Despite the disruptive impact of the pandemic, Manchester City of Literature was able to deliver a new programme of activity to support the literary sector in lockdown and to engage with residents experiencing isolation; whilst also working on planning and fundraising for collaborative events such as International Mother Language Day and the inaugural Festival of Libraries. Also in this period Manchester City of Literature became a registered charity, created a three year business plan and expanded the Board from four to ten. In 2020-21, Manchester City of Literature secured over £100K of additional funding for literature in the city from Arts Council England and British Council.

Responding to the Global Pandemic

In March 2020, Manchester went into the first national lockdown, and would remain in a state of restrictions or lockdown until the following year. At that time, the Manchester City of Literature Executive team of three had only been working together for a matter of weeks. In response to the state of crisis that our city, along with its communities, their libraries, bookshops, schools, and favourite places to read and write found themselves in, we created a large-scale project to support Manchester’s Literature scene as best we could: A City Connects. In response to the need identified by our partners to amplify their digital offer, in April 2020, in just over a week, we created the A City Connects website to support any and all activity from the partnership network as it moved online.

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From its launch to the retirement of the site in December 2020, there were over 150 events listed from our publishers, spoken word nights, book launches, readings and more. In that time, more than 4000 visitors used the site as a way to find out how to stay connected with the world of literature in Manchester from home.

We can find community in stories, in conversation and in learning that we are not as isolated as we thought. Literature can be the heart of this connectedness- it’s what brings us together. In a world that is changing at break-neck speed, where we carry out social distancing for the good of public health, how do we stay connected? Manchester City of Literature is inspired by the possibilities that still exist for our city to bring people together. You’ll find everything that’s going on at the A City Connects site, whether you’re a reader, a writer, you want to support independent publishers or are looking for something to entertain you or young children. [From The introduction to the original A City Connects website]

The A City Connects site connected with local residents and the wider City of Literature network, attracting people from Russia, Australia, Canada, South America, all across Europe, South Africa, New Zealand and beyond. We hosted key events on there too, including:

A City Connects was always much more than just a website. As well as featuring events on the site, there were projects born out of our desire to join up the literature offering in the city during such a difficult time, many of which were developed around the idea of writing for wellbeing. These included:

Programme of Activity and Key Achievements

To place words, language and stories at the centre of Manchester’s diverse cultural life.

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Following the work on A City Connects between April and October 2020, Manchester City of Literature launched its new website in November 2020. This is as a platform to bring together and profile all the diverse literary

activity in the city. This website launch was accompanied by an eight-minute video showcasing the literary assets of Manchester that had supported the UNESCO designation and a refreshed brand identity.

Manchester City of Literature used social media to profile events and activity from over thirty partner organisations as well as collaborative calendar celebrations such as International Mother Language Day and World Poetry Day.

Social media growth for 20/21:

In January 2021, we successfully applied to work with four PHD researchers from the NW universities programme Collaborative Labs. The researchers will gather evidence from across the Manchester City of Literature partnership in order to illustrate the collective impact of the those working within the network since the UNESCO designation in 2017. The results of this work will be available in the first half of 2021-22.

International Mother Language Day February 2021

2021 was the fifth consecutive year that Manchester has celebrated this UNESCO calendar event. IMLD is a celebration of the nearly 200 languages spoken in Manchester and of the cultural diversity that is one of the city’s strengths. The events involve libraries, cultural venues, community groups, universities, schools, poets and writers.

Between 16 and 28 February, over 18 films and online events took place celebrating language diversity. Community groups took part with The Sebene Project (who celebrate Congolese culture), the Polish Saturday School and Language and Culture of Bangladesh all making films. New cultural partners were involved in this year’s celebrations including Community Arts North West, Institute Cervantes and the Centre for Chinese Contemporary Art alongside regular partners such as Manchester Libraries, Comma Press, the Confucius Institute, Multilingual Manchester and Manchester Poetry Library. This year also saw two UNESCO cities of Literature take part.

Over the period of 1st February and 1st March 2020 there were a total of 5,156 users on Manchester City of Literature’s website. Within the 5,156 users, 85% of the users were new visitors. The press campaign to promote IMLD 2021 led to 51 pieces of coverage across radio, print and online media with a potential reach of over 8 million people.

We also worked with Multilingual Manchester and Manchester Libraries to create a public archive of all the projects to celebrate language diversity in Manchester between 2015 and 2019.

World Poetry Day 21 March 2021

This year we worked in partnership with Manchester Poetry Library to commission poets to create new work on the theme of ‘doors as portals’ and create a poetry film, featuring iconic doors from around the city, which was broadcast at 11am on Sunday 21st March 2021.

Carnegie and Greenaway nominated writer Dom Conlon explored the unassuming and forgotten doorways; poet and theatre-maker Roma Havers who has previously been commissioned by MIF, MLF, Manchester Histories and HOME wrote about survival and joy; poet, producer and translator Ali Al-Jamri cast a light on the gates at Albert Park and Manchester City of Literature | 9

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belonging; and Jerwood-Arvon nominee, writer and journalist Andrew Oldham created a piece ‘I have become the Green Man’, all about the greening of urban spaces.

The film also includes new work from poet, artist and video film-maker Imtiaz Dharker. Dharker was awarded the Queen’s Gold Medal for Poetry in 2014 and has been commissioned by Manchester Poetry Library, only the fourth such library in the UK, to create a series of poems to celebrate its opening this year, with the first of these shared in the film. Also featured are other UNESCO Creative Cities, Granada City of Literature in Spain and Slemani City of Literature in Iraq.

To support learning, well-being and employability by cultivating the joys of reading and writing.

In 2020/21 we ran five campaigns to promote reading or writing.

To offer leadership in strengthening the agility and resilience of our network of writers, readers and organisations.

We launched the first Online Manchester Book Fair in November 2020 to support book sales direct from independent publishers, featuring twelve Manchester publishers to guide us through their insider knowledge and insight into the best reads and recommendations.

During this period we hosted 23 Fortnightly Partnership Calls and 5 project working groups were set up: Pathways and Progression, Evaluation, Fundraising, Festival of Libraries and IMLD.

To learn from the twenty creative writing projects that were delivered during the first phase of the pandemic, we commissioned Emma Parsons to interview project leads for these programmes to understand better the impact of creative writing on wellbeing. This led to a workshop for partners on the benefits and practicalities of shared evaluation including documenting methodologies and approaches.

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In June 2020 we submitted a report on behalf of the partnership to the DCMS call for evidence on the impact of COID19 on Manchester’s literary sector.

The Executive Director represented the partners and the literary sectors in cultural networks in the city including Cultural Leaders Group and sitting on the COVID-19 Board for Cultural Recovery. The Executive Director also contributed to the Creative Manchester Deep Dive Creative Industries Aspect research project and to the UKRI COVID-19 research study on behalf of partners.

The Partnerships and Communications Manager gave advice to three partners on website development including on writing tender documents.

We engaged several undergraduate and post-graduate students in placements and internships. Four RISE students from MMU reviewed the Our City of Languages event and another RISE student undertook data analysis on the social media reach of IMLD. Two MA students from the University of Manchester undertook placements on the Festival of Libraries creating digital content including bespoke tours and trails for families.

In this period we submitted five funding bids and supported two artist-led bids for International Mother Language Day events. Three bids were successful brining an additional £105K into Manchester’s literary sector. Many of our partners were also able to use the UNESCO designation to support and strengthen their individual fundraising efforts. The Executive Director also advised three writers on applying for hardship funding: one decided not to apply, the other two were successful in securing emergency grants.

To connect and collaborate with international partner cities and global programmes.

In 2020/21 we have run produced and participated in a number of international projects:

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Governance

In this period, the company became a charity in May 2020. In autumn 2020 an open recruitment campaign was launched to recruit new Trustees to expand the Board. Six Trustees were appointed to the Board in March 2021.

Partners

Manchester City Council, Manchester Metropolitan University, the University of Manchester, the Ahmed Iqbal Ullah RACE Centre, the International Anthony Burgess Foundation, Carcanet, Central Library, Centre for New Writing, Chetham's Library, Commonword, Comma Press, Creative Manchester, Dead Ink Books, Dostoyevsky Wannabe, Elizabeth Gaskell's House, Flapjack Press, Fly On The Wall Press, John Rylands Library, Manchester Children's Book Festival, Manchester Libraries, Manchester Literature Festival, Manchester Poetry Library, Manchester University Press, Manchester Writing School, Manchester Muslim Writers, Pariah Press, Poets & Players, Read Manchester, Ripples of Hope, Rochdale Literature & Ideas, Saraband Press, The Portico Library, Working Class Movement Library and Young Identity.

Financial Review

The Trustees are pleased with the progress on organisational set-up, operational delivery and the financial health of Manchester City of Literature in its first year of operation. The Trustees are grateful to the three funders, Manchester City Council, the University of Manchester and Manchester Metropolitan University, for their commitment to the vision of Manchester City of Literature and their funding to establish the charity. Despite the global health crisis and the pressures this will bring, the Trustees can face the next financial period with confirmed annual funding from these three stakeholders and plans in development to grow this resource from additional sources.

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Statement of Trustees' Responsibilities

The trustees (who are also the directors of Manchester City of Literature for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

The annual report was approved by the trustees of the charity on 17 December 2021.

Signed on its behalf by:

Zahid Hussain

Chair of the Board

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Independent examiner’s report

to the trustees of

Manchester City of Literature

I report to the charity trustees on my examination of the accounts of the company for the year ended 31[st] March 2021 which are set out on pages 15 to 26.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 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 company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

Catherine Hall FCCA DChA

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

Date…………………….

12 / 21 / 2021

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Manchester City of Literature

Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2021

Unrestricted
funds
Note
£
Income
Donations and legacies
3
152,000
Grants and charitable contracts
4
-
5
629
Investments
-
-
Total income
152,629
Expenditure
Charitable activities
6
140,553
Total expenditure
140,553
8
12,076
Transfer between funds
-
Net movement in funds for the year
12,076
Reconciliation of funds
Total funds brought forward
114,843
Total funds carried forward
126,919
Fees and other income
Net income/(expenditure) for the
year		 Restricted
funds
£
-
7,840
-
-
7,840
-
-
7,840
-
7,840
-
7,840		 Total funds
2021
£
152,000
7,840
629
-
160,469
140,553
140,553
19,916
-
19,916
114,843
134,759		 Total funds
2020
£
152,250
51
-
-
152,301
37,458
37,458
114,843
-
114,843
-
114,843

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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Manchester City of Literature Company number 12002661

Balance sheet as at 31 March 2021

Note
£
£
Current assets
Debtors
13
150
Cash at bank and in hand
145,299
Total current assets
145,449
Liabilities
Creditors: amounts falling
due in less than one year
14
(10,690)
Net current assets
134,759
Total assets less current liabilities
134,759
Net assets
134,759
Funds of the charity
Restricted income funds
15
7,840
Unrestricted income funds
16
126,919
Total charity funds
134,759
2021		 £
£
-
118,144
118,144
(3,301)
114,843
114,843
114,843
-
114,843
114,843
2020		 £
£
-
118,144
118,144
(3,301)
114,843
114,843
114,843
-
114,843
114,843
2020
114,843
114,843
-
114,843
114,843

For the year in question, the company was entitled to exemption from an audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 15 to 24 form part of these accounts.

Approved by the trustees on 17th December 2021 and signed on their behalf by:

Zahid Hussain
Name Signed

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Manchester City of Literature

Notes to the accounts for the year 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 section 1A.

Manchester City of Literature 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 Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No such restatement was required.

c Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company'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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Manchester City of Literature

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

d 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.

e Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

f 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.

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Manchester City of Literature

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

g 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.

h 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.

i Operating leases

Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

j Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost, there are currently no fixed assets.

k 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.

l 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.

m 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.

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Manchester City of Literature

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

N 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.

O Pensions

The charity pays into a pension scheme (NEST) on behalf of its employees.

2 Legal status of the charity

The charity is a company limited by guarantee registered in England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

3 Income from donations and legacies

Core Grants
Total
University of
Manchester
Manchester
Metropolitan
University
Donated services -
MCC accountancy
Manchester City
Council		 Unrestricted
£
50,000
50,000
50,000
2,000		 Restricted
£
-
-
-
-		 Total 2021
£
50,000
50,000
50,000
2,000		 Unrestricted
£
50,250
50,000
50,000
2,000		 Restricted
£
-
-
-
-		 Total 2020
£
50,250
50,000
50,000
2,000
152,000 - 152,000 152,250 - 152,250

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Manchester City of Literature

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

4 Income from charitable activities

Total
British Council
Other		 Unrestricted
£
-
-		 Restricted
£
7,840
-		 Total 2021
£
7,840
-		 Unrestricted
£
51		 Restricted
£		 Total 2020
£
-
51
- 7,840 7,840 51 - 51

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Manchester City of Literature

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

5 Fees and other income

Fees and other income
Speaking fee
Other income		 2021
£
150
479		 2020
£
-
-
629 -

All income from fees and trading is unrestricted.

6 Analysis of expenditure on charitable activities

Community Engagement
Depreciation
Staff costs (programme development)
Premises costs
Project spend
General running/operational costs
Professional fees
Marketing & PR
Monitoring and Evaluation
Website and social media
Governance costs
Restricted expenditure
Unrestricted expenditure
Independent examination
Other governance costs
Accountancy		 Total 2021
£
11,450
69,538
8,050
13,424
2,075
13,581
2,235
2,700
12,000
2,800
1,200
1,500		 Total 2020
£
-
21,764
-
-
4,735
-
7,509
-
-
2,000
1,200
250
140,553 37,458
2021
£
-
140,553		 2020
£
-
37,458
140,553 37,458

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Manchester City of Literature

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

8 Net income/(expenditure) for the year

This is stated after charging/(crediting): 2021 2020
£ £
Depreciation - -
Independent examiner's remuneration
- accountancy - -
- independent examination 1,000 1,000

9 Staff costs

Staff costs during the year were as follows:

ff costs during the year were as follows:
Wages and salaries
Social security costs
Employers pension contributions
Payroll and pension support		 2021
£
66,000
1,471
1,419
648		 2020
£
18,100
-
741
-
69,538 18,841

No employee has employee benefits in excess of £60,000 (2020: Nil).

The average number of staff employed during the period was 3 (2020: 1).

The average full time equivalent number of staff employed during the period was 2 (2020: 1).

The key management personnel of the charity comprise the trustees and the Executive Director. The total employee benefits of the key management personnel of the charity were £34,421 (2020: £15,770).

10 Trustee remuneration and expenses, and related party transactions

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

Aggregate donations from related parties were £nil (2020: £nil).

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

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 (2020: nil).

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Manchester City of Literature

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

11 Government grants

The government grants recognised in the accounts were as follows:

Manchester City Council 2021
£
50,000		 2020
£
50,250
50,000 50,250

There were no unfulfilled conditions and contingencies attaching to the grants.

12 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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Manchester City of Literature

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

13 Debtors

Debtors
Trade and grant debtors
Prepayments and accrued income		 2021
£
150
-		 2020
£
-
-
150 -

14 Creditors: amounts falling due within one year

Trade creditors and accruals 2021
£
10,690		 2020
£
3,301
10,690 3,301

15 Analysis of movements in restricted funds

British Council Balance at
1 April
2020
£
-		 Income
£
7,840		 Expenditure
£
-		 Transfers
£
-		 Balance at
31 March
2021
£
7,840
- 7,840 - - 7,840

There were no restricted income or restricted funds in the previous year.

The balances on restricted funds are all unexpended grants for the charity's projects. Transfers from restricted funds occur when capital items are purchased and this satisfies the restriction on the funding.

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Manchester City of Literature

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

16 Analysis of movement in unrestricted funds

General fund
Previous
reporting
period
Designated fund
General fund
Designated fund		 Balance at
1 April
2020
£
54,843
60,000
Income
£
152,629
-		 Expenditure
£
(140,553)
-		 Transfers
£
-
-		 As at 31
March 2021
£
66,919
60,000
114,843 152,629 (140,553) - 126,919
Balance at
1 April
2019
£
-
-
Income
£
152,301
-		 Expenditure
£
(37,458)
-		 Transfers
£
(60,000)
60,000		 31 March
2020
£
54,843
60,000
- 152,301 (37,458) - 114,843

General fund The free reserves of the charity

17 Analysis of net assets between funds

Tangible fixed assets
Net current assets/(liabilities)
Total
Tangible fixed assets
Net current assets/(liabilities)
Total
Previous
reporting
period		 General
fund
£
-
66,919		 Designated
funds
£
-
60,000		 Restricted
funds
£
-
7,840		 Total
£
-
134,759
66,919 60,000 7,840 134,759
General
fund
£
-
54,843		 Designated
funds
£
-
60,000		 Restricted
funds
£
-
-		 Total
£
-
114,843
54,843 - - 114,843

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