LUTON LITERATURE CIC

Company limited by guarantee

Company Registration Number:
12526905 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

LUTON LITERATURE CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

LUTON LITERATURE CIC

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

The principal activity of the company during the year was that of providing education support to the local community.



Directors

The director shown below has held office during the whole of the period from
1 April 2022 to 31 March 2023

Mariana Brown


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 October 2023

And signed on behalf of the board by:
Name: Mariana Brown
Status: Director

LUTON LITERATURE CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 34,811 0
Cost of sales: ( 33,998 )
Gross profit(or loss): 813 0
Administrative expenses: ( 1,439 )
Operating profit(or loss): (626) 0
Profit(or loss) before tax: (626) 0
Profit(or loss) for the financial year: (626) 0

LUTON LITERATURE CIC

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 690 0
Total fixed assets: 690 0
Current assets
Cash at bank and in hand: 2,106
Total current assets: 2,106
Creditors: amounts falling due within one year: 4 ( 3,422 )
Net current assets (liabilities): (1,316)
Total assets less current liabilities: (626) 0
Total net assets (liabilities): (626) 0
Members' funds
Profit and loss account: (626) 0
Total members' funds: ( 626) 0

The notes form part of these financial statements

LUTON LITERATURE CIC

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 October 2023
and signed on behalf of the board by:

Name: Mariana Brown
Status: Director

The notes form part of these financial statements

LUTON LITERATURE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:Plant and Machinery - 15% reducing balance

LUTON LITERATURE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

LUTON LITERATURE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 0 0
Additions 805 805
Disposals
Revaluations
Transfers
At 31 March 2023 805 805
Depreciation
At 1 April 2022 0 0
Charge for year 115 115
On disposals
Other adjustments
At 31 March 2023 115 115
Net book value
At 31 March 2023 690 690
At 31 March 2022 0 0

LUTON LITERATURE CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

2023
£
Other creditors 3,422
Total 3,422

COMMUNITY INTEREST ANNUAL REPORT

LUTON LITERATURE CIC

Company Number: 12526905 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Luton Literature delivered its first Book Festival on 24 September 2022, which took place across two town centre venues, The Hat Factory and Luton Central Library, as well as streaming many of the activities live online. The festival featured 8 nationally renowned authors and illustrators of children’s and young adult literature, two skill development workshops for ages 16+, a poetry workshop for ages 6 – 9 yrs, a career development talk from a local published illustrator, free craft activities for children, a writers drop-in session, a small press fair and information stalls from local literary organisations and services. There were also 6 community-based storytelling workshops in the lead up to the festival.The festival had an online audience of 269 and 536 in venue attendances, of which 356 attended ticket events and workshops, with 34% attending more than 1 activity. A further 100 attended the free small press fair, 80 participants took part in the free children’s craft activity and 3 took part in the writers’ drop-in session. Of the 356 tickets sold, 49.7% were child and 50.3% adult.The project was successful in working with 14 Luton partner organisations, receiving in-kind support from 12 companies/individuals and recruiting 11 volunteers. It engaged 58 creative practitioners (65% from Luton), of which 39 were paid for their contributions and 19 were able to platform their work for free at our authors, illustrators and poets Luton Small Press Fair.

Consultation with stakeholders

The main stakeholders in this company are the people of Luton. The project was successful in attracting families, young people and adults from Luton, and presenting a programme that was relevant to Luton, while also being engaging, inspirational and accessible. Feedback from the attendees was gathered after the event and was overwhelmingly positive.It has enabled Luton Literature CIC to gain recognition and the experience to run future book festivals.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
6 October 2023

And signed on behalf of the board by:
Name: Mariana Brown
Status: Director