BWG C.I.C.

Company limited by guarantee

Company Registration Number:
13240182 (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

BWG C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2023

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

BWG C.I.C.

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

Directors

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

Nelson Coker Abbey
Sharmaine Alexia Alethea Lovegrove


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
21 December 2023

And signed on behalf of the board by:
Name: Nelson Coker Abbey
Status: Director

BWG C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2023

2023 13 months to 31 March 2022


£

£
Turnover: 24,138 0
Gross profit(or loss): 24,138 0
Administrative expenses: ( 24,138 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

BWG C.I.C.

Balance sheet

As at 31 March 2023

Notes 2023 13 months to 31 March 2022


£

£
Current assets
Cash at bank and in hand: 214,798 120,000
Total current assets: 214,798 120,000
Net current assets (liabilities): 214,798 120,000
Total assets less current liabilities: 214,798 120,000
Accruals and deferred income: ( 214,798 ) ( 120,000 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

BWG C.I.C.

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 21 December 2023
and signed on behalf of the board by:

Name: Nelson Coker Abbey
Status: Director

The notes form part of these financial statements

BWG C.I.C.

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

    TurnoverTurnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenueearned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similarallowances.Sale of goodsTurnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This isusually at the point that the customer has signed for the delivery of the goods.Rendering of servicesTurnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract ismeasured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extentof recoverable expenses when the outcome of a contract cannot be estimated reliably

BWG C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 13 months to 31 March 2022
    Average number of employees during the period 0 0

COMMUNITY INTEREST ANNUAL REPORT

BWG C.I.C.

Company Number: 13240182 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Phe Black Writers’ Guild represents professional and emerging British writers of Black African and Black African-Caribbean heritage. And by extension we represent the literary interests of the Britain’s Black community. Our membership group includes over 700 published Black writers, including Britain's best selling authors and leading literary figures. Our purpose is to create a sustainable, profitable, fair and equal eco-system for Black literary talent in British publishing. Over the course of the last year we have focused on: Established writer led stakeholder groups with all the main publishers.Developed a uniform ‘Gold’ standard to fairly measure data collection on ethnic diversity in publishing. Worked with the Publishers Association on the creation of an author survey to collate diversity data and built a relationship with the Society of Authors.Worked with publishers to create and share career opportunities for Black writers. This includes, working with Hachette to proactively identify creative talent they could place into roles. We also served as volunteer advisors and ‘board members’ to the ‘Lit In Colour’ programme.Hosted multiple opportunity sessions with production companies to provide a range of writing opportunities for our members. Ran a trial of our demand to provide extra marketing support for Black writers with HarperCollins.Supported guidelines for publishers on what new and emerging writers need to know about the debut author expectations and provided advice to Black writers on: negotiation, securing an agent and publishing guidance.Have helped reinforce the case for greater equity in publishing and fiercely advocated for our members with Government, publishers and in the public domain. Served as industrywide centralised diversity advisory source.Offered policy impact, review and troubleshooting across the industry.Provided a critical friend in moments of crisis that we may be able to help or guidance.Served as a promotional partner for books by Black authors.Offered thought leadership and broader counsel to the publishing industry.

Consultation with stakeholders

The companies stakeholders are: Black British writers and industries we serve;All of the major British publishers, TV & film Production companies

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
2 October 2023

And signed on behalf of the board by:
Name: Nelson Abbey
Status: Director