WRITE OUT LOUD 2015 CIC

Company limited by guarantee

Company Registration Number:
09670314 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

WRITE OUT LOUD 2015 CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

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

WRITE OUT LOUD 2015 CIC

Directors' report period ended 31 July 2023

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

Principal activities of the company

The company's principal activity during the year was to carry on activities which benefit the community and in particular the development of individuals in their writing, sharing and appreciation of poetry and related artisitic forms.

Additional information

Small company provisionsThis report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Directors

The directors shown below have held office during the whole of the period from
1 August 2022 to 31 July 2023

Paul Emberson
Julian Jordon
Julia Clark


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
15 February 2024

And signed on behalf of the board by:
Name: Paul Emberson
Status: Director

WRITE OUT LOUD 2015 CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 3,821 783
Cost of sales: 0 ( 1,215 )
Gross profit(or loss): 3,821 (432)
Administrative expenses: ( 3,028 ) ( 3,154 )
Operating profit(or loss): 793 (3,586)
Interest receivable and similar income: 13 1
Profit(or loss) before tax: 806 (3,585)
Profit(or loss) for the financial year: 806 (3,585)

WRITE OUT LOUD 2015 CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Current assets
Cash at bank and in hand: 6,998 8,632
Total current assets: 6,998 8,632
Creditors: amounts falling due within one year: 3 ( 9,463 ) ( 11,903 )
Net current assets (liabilities): (2,465) (3,271)
Total assets less current liabilities: (2,465) ( 3,271)
Total net assets (liabilities): (2,465) (3,271)
Members' funds
Profit and loss account: (2,465) ( 3,271)
Total members' funds: ( 2,465) (3,271)

The notes form part of these financial statements

WRITE OUT LOUD 2015 CIC

Balance sheet statements

For the year ending 31 July 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 15 February 2024
and signed on behalf of the board by:

Name: Paul Emberson
Status: Director

The notes form part of these financial statements

WRITE OUT LOUD 2015 CIC

Notes to the Financial Statements

for the Period Ended 31 July 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    Taxation---------------A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.Provisions------------------Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably

WRITE OUT LOUD 2015 CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

WRITE OUT LOUD 2015 CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 9,463 11,903
Total 9,463 11,903

COMMUNITY INTEREST ANNUAL REPORT

WRITE OUT LOUD 2015 CIC

Company Number: 09670314 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

Write Out Loud began running poetry events in 2003, created its community poetry website in January 2005 and has operated as a CIC since 2015. Since its debut, the website – www.writeoutloud.net - has made a major contribution to the growth in interest in, the enjoyment of, and fulfilment from poetry among the general public in the UK, as well as more widely, and has a world-wide following.After a difficult period for our client communities in organising or attending physical, face-to-face activities during the Covid-19 pandemic, continuing into the period August 2021 – July 2022, Write Out Loud reduced its focus, concentrating on its main area of activity, the website, for undertaking its community functions, temporarily halting poetry events and workshops, and school-based activities to enable this focus. Those, with the exception of our long-standing Write Out Loud local events in Stockport, Wigan, Bolton, Woking and Sale, many of which are undertaken in partnership with the local authority.The website made a good recovery during this period, with a 41% increase in visits to the site, reflecting a 15% upturn in unique individuals using the site (compared with 2021/22).This was particularly true of those using our poetry Gig Guide which has continued to be the focus of technical website improvements during this period. Our Gig Guide seems still to be the only UK-wide listing of poetry events, offering an entry point for those new to writing poetry and/or sharing their work in public. The numbers are legion of people who have commenced reading their own work in public in one of our events or others listed with us, and who have gone on to develop their professional reputation, and sometimes a career, as a result of the Gig Guide.The Poetry Blogs – perhaps better described as our online poetry community - where users upload their own poems and discuss them with other community members is a thriving group of people, many of whom have been members for several years. We published 223 news and reviews articles, offering an array of information of interest and value to individuals wanting to further develop their skills and opportunities, whether in writing poetry, or performing it; and of interest to those providing opportunities to those individuals, such as publishers and event impresarios.Our reviews of poetry books and related media are also widely appreciated, with a number of poetry publishers and individual poets citing our reviews of their offerings as a means of enhancing their publications’ promotion. We also provide online messaging services to specific poetry groups to allow them to organise events and develop their own communities within the site.

Consultation with stakeholders

The organisation stakeholders are its website users, individual, developing poet/performers, volunteers who provide content and run the website, volunteers who organise poetry events and those who attend them, as well as other organisations who provide services or information to individual poets, such as competition and educational opportunity organisers.We continue to receive feedback from website users and make improvements to the site. For example, in this period we improved the search facilities on the site and addressed issues accessing older blog entries.

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
15 February 2024

And signed on behalf of the board by:
Name: Paul Emberson
Status: Director