Charity registration number 1128820 (England and Wales)
Company registration number 4339438
THE OXFORD LITERARY FESTIVAL
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
THE OXFORD LITERARY FESTIVAL
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Y Alibhai-Brown
A J M Lowther-Pinkerton
Sir Ben Okri
P T R Simons
J M Severn
Dr Louisa Treger
(Appointed 24 October 2024)
Prof Henry Woudhuysen
(Appointed 20 October 2025)
Charity number
1128820
Company number
4339438
Registered office
c/o Gravita Oxford LLP
First Floor, Park Central
40-41 Park End Street
Oxford
OX1 1JD
Independent examiner
Gravita Audit Oxford LLP
First Floor, Park Central
40-41 Park End Street
Oxford
OX1 1JD
Bankers
HSBC
65 Cornmarket Street
Oxford
OX1 3HY
THE OXFORD LITERARY FESTIVAL
CONTENTS
Page
Trustees' report
1 - 4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7
Statement of cash flows
8
Notes to the financial statements
9 - 17
THE OXFORD LITERARY FESTIVAL
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -

The Trustees present their annual report and financial statements for the year ended 30 June 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006 and "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 2019).

Objectives and activities

The objective of the charity is to advance education by promoting and providing opportunities for the appreciation, understanding and enjoyment of literature and the arts, in particular through the promotion and running of a literary festival in Oxford.

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance
Significant activities and achievements against objectives

1. FESTIVAL DE-RIGGING

The 2025 Festival was the most successful ever - but inevitably resulted in a greater workload of administration

2. FESTIVAL OUTCOMES

The Festival's very prominent and long-standing commitments to Free Speech - and the Pursuit of Excellence and Evidence have generated a significant degree of interest and support. The 2025 Festival saw several very prominent figures who have been de-platformed at other universities and festivals - invited to speak at Oxford.

3. FESTIVAL SCHOOLS PROGRAMME

We continue this project as a major priority; to increase the number of City of Oxford schools participating, and the number of free tickets for Festival events. We seek to raise more funding and sponsorship in the coming year.

4. PROMOTION OF FESTIVAL EVENTS

The media partnership with The Telegraph - for the 2025 Festival - resulted in the largest and most effective promotional campaign that the festival has ever enjoyed. And we wish to pay tribute to The Telegraph Team - and the commitment of its papers to supporting the 2026 Festival. A record 40,000 Pocket Guides were printed to mail out to the festival's database and other distributions.

5. FESTIVAL STAND-ALONE EVENTS

The 'Stand-Alone' events during the year were at a record level - and will be expanded for the future.

6. FESTIVAL VOLUNTEERS

The Festival is very fortunate to enjoy the continued support of large numbers of volunteers who look after festival venues and events - with great good humour and welcome for our ticket holders.

THE OXFORD LITERARY FESTIVAL
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
Financial review

In the year ended 30 June 202 5, the Festival’s income from donations, sponsorship and other receipts increased to £848,344 (2024: £502,242), primarily due to a n increase in private donations but also due to the release of deferred income of £120,399. This relates to ticket sales held in respect of the 2020 event cancelled as a result of COVID, for which the final date to use expired on 30 September 2024. Costs have increased to £612,350 (2024: £539,418).

Notwithstanding the net liabilities shown on the balance sheet, these financial statements have been prepared on a going concern basis as the Trustees are confident that sufficient funds will be available to enable operations to continue at a sustainable level for a period of at least 12 months from the approval of the accounts by the Trustees.

Reserves policy

The Trustees have considered the sustainability of the Charity and believe that a minimum reserve of £25,000 should be retained. The Charity is not yet in a position to achieve this objective, although the Charity is working hard with multiple donors and sponsors to strengthen the reserve position so the desired funds can be retained for future sustainability of the festival. Sponsorship is pursued through trusts, individuals and foundations.

Over the past year the profile of the Festival has risen very considerably, because of its unique track record of commitment to Free Speech; and the exceptional support and promotion of the Festival and its programmes and events by our Media Partner - The Telegraph.

These developments have enabled the Charity to plan and implement a new campaign for securing Corporate sponsorship in cash, goods and services; private donors; and major national and international partnerships. This programme has run throughout 2025 and will continue in 2026. Early signs are really encouraging ; enhanced by the Festival’s matching emphasis on the pursuit of excellence; and it’s platform to promote the highest quality of research; scholarship and teaching in every field.

Major risks

The Trustees have identified the major risks which may affect the charity and have taken reasonable steps to mitigate those risks.

THE OXFORD LITERARY FESTIVAL
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
Plans for future periods

The Charity plans to continue running the festival in order meet its core aims and objectives:

1. Promote literary appreciation: The festival aims to foster a love of literature and writing by providing a platform for authors to connect with readers and discuss their work. The festival gives a platform to distinguished writers in every field of human endeavour.

2. Advance education: The Festival provides opportunities for authors, journalists for learning and intellectual engagement, particularly through discussions with leading authors and thinkers. The festival also stages workshops and creative writing courses.

3. Facilitate dialogue: The festival serves as a space for dialogue, debate, and free expression, bringing together diverse voices and perspectives on a wide range of topics. The festival is deeply committed to free speech and civilised, evidence-based dialogue on controversial subjects and issues.

4. Promote international collaboration: The festival regularly features international programmes and speakers, celebrating the literature and culture of many countries and societies.

5. Support writers and authors: The Festival provides valuable opportunities for both established and new writers and authors to meet new audiences, gain exposure, and discuss their work.

6. Connect with the community: The festival engages with local schools and communities, offering opportunities for students to participate in events and engage with authors and thinkers. Festival speakers appear at schools, and school groups attend Festival events in central Oxford.

7 Oxford : The Festival has always sought to reflect Oxford and its sense of place, known for its leading University, for its traditions of the pursuit of excellence in scholarship, research, and discovery.

The Festival is committed to:

- Extending and developing its programme for schools in the City of Oxford - with the assistance of sponsors and donors.

- Expanding its partnerships with Embassies and global agencies to showcase international literature and culture at the Festival.

- To strengthen the Festival's long-term future, and to establish a major endowment.

Structure, governance and management

The Oxford Literary Festival is a company limited by guarantee and is governed by its Memorandum and Articles of Association. As at 26 March 2010 the company, The Oxford Literary Festival became a charity and is registered with the Charity Commission (registered number 1128820).

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Y Alibhai-Brown
C A Allan
(Resigned 21 September 2024)
K Farquhar-Thomson
(Resigned 1 May 2026)
A J M Lowther-Pinkerton
Sir Ben Okri
P T R Simons
J M Severn
Dr Louisa Treger
(Appointed 24 October 2024)
Prof Henry Woudhuysen
(Appointed 20 October 2025)
Recruitment and appointment of trustees
THE OXFORD LITERARY FESTIVAL
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -

The Board of Trustees appoint new members of the Board either to fill a casual vacancy or by way of addition to the Board. Particular emphasis is placed upon the appointment of trustees with knowledge and experience relevant to the charity’s activities.

Organisational structure

Day to day administration of the charity is delegated to Sally Dunsmore, as Chief Executive, under the supervision of the Board of Trustees. Decision-making powers are retained by the Trustees and exercised at their regular meetings.

The Trustees' r eport was approved by the Board of Trustees.

J M Severn
Chairman: Jarl Michael Severn
5 June 2026
THE OXFORD LITERARY FESTIVAL
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE OXFORD LITERARY FESTIVAL
- 5 -

I report to the Trustees on my examination of the financial statements of The Oxford Literary Festival (the Charity) for the year ended 30 June 2025.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

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

Independent examiner's statement

Since the Charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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 Charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements 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 draw your attention to note 1.2 which details the rationale for preparing the financial statements on a going concern basis.

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 financial statements to be reached.

Elinor Upjohn ACA
Gravita Audit Oxford LLP
First Floor, Park Central
40-41 Park End Street
Oxford
OX1 1JD
10 June 2026
THE OXFORD LITERARY FESTIVAL
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
3
458,172
128,215
Charitable activities
4
390,014
376,845
Investments
5
158
182
Total income
848,344
505,242
Expenditure on:
Charitable activities
6
612,350
539,418
Total expenditure
612,350
539,418
Net income/(expenditure) and movement in funds
235,994
(34,176)
Reconciliation of funds:
Fund balances at 1 July 2024
(373,619)
(339,443)
Fund balances at 30 June 2025
(137,625)
(373,619)

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE OXFORD LITERARY FESTIVAL
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 7 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
11
329
439
Current assets
Debtors
12
62,434
15,825
Cash at bank and in hand
149
77
62,583
15,902
Creditors: amounts falling due within one year
14
(200,537)
(383,841)
Net current liabilities
(137,954)
(367,939)
Total assets less current liabilities
(137,625)
(367,500)
Creditors: amounts falling due after more than one year
15
-
(6,119)
Net liabilities
(137,625)
(373,619)
Income funds
Unrestricted funds
(137,625)
(373,619)
(137,625)
(373,619)

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 5 June 2026
J M Severn
Chairman: Jarl Michael Severn
Company Registration No. 4339438
THE OXFORD LITERARY FESTIVAL
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
21
49,974
19,523
Investing activities
Investment income received
158
182
Net cash generated from investing activities
158
182
Financing activities
Repayment of borrowings
(54,953)
(26,049)
Net cash used in financing activities
(54,953)
(26,049)
Net decrease in cash and cash equivalents
(4,821)
(6,344)
Cash and cash equivalents at beginning of year
(23,912)
(17,568)
Cash and cash equivalents at end of year
(28,733)
(23,912)
Relating to:
Cash at bank and in hand
149
77
Bank overdrafts included in creditors payable within one year
(28,882)
(23,989)
THE OXFORD LITERARY FESTIVAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 9 -
1
Accounting policies
Charity information

The Oxford Literary Festival is a charitable company limited by guarantee incorporated in England and Wales. The registered office is c/o Gravita Oxford LLP, First Floor, Park Central, 40-41 Park End Street, Oxford, OX1 1JD.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Notwithstanding the net liabilities shown on the balance sheet, these financial statements have been prepared on a going concern basis as the Trustees are confident that sufficient funds will be available to enable operations to continue at a sustainable level for a period of at least 12 months from the approval of the accounts by the Trustees.

In addition to this, the pattern of the charity's activities is such that voluntary income will be available from major donors at stepped intervals throughout the next 12 months, enabling the Trustees and Chief Executive to manage cashflow effectively. The Trustees are confident the 2026 finances are secure. The Trustees have the ability to reduce operations significantly if income was to fall.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

As all income in the year is unrestricted a funds note has not been considered necessary.

1.4
Income

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. The following specific policies are applied to particular categories of income:

Donations - For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.

Grants - Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred.

THE OXFORD LITERARY FESTIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 10 -

Donated goods, facilities and services - Donated facilities and donated professional services are recognised in income at their fair value when their economic benefit is probable, it can be measured reliably and the charity has control over the item. Fair value is determined on the basis of the value of the benefit of the gift to the charity. For example the amount the charity would be willing to pay in the open market for such facilities and services. Where recognised, a corresponding amount is recognised in expenditure.

For the year ended 30 June 2025, there are no amounts recognised by the trustees in the financial statements as the value of the benefit to the charity cannot be reliably estimated.

1.5
Expenditure

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

Costs of raising funds - This includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Charitable expenditure - These are costs incurred on the charitable activities, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

All costs are allocated between expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly.

Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources. Premises overheads have been allocated on an insert detail basis and other overheads have been allocated on an insert detail basis.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Office equipment
25% reducing balance
1.7
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE OXFORD LITERARY FESTIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 11 -
1.8
Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2
Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. There are no significant accounting estimates or judgements in these financial statements.

THE OXFORD LITERARY FESTIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 12 -
3
Donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
458,172
128,215
4
Charitable activities

2025
2024
£
£

Commissions receivable

15,503
10,000

Ticket sales

281,690
212,315

Sponsorships

92,821
154,530
390,014
376,845
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Bank interest receivable
158
182
THE OXFORD LITERARY FESTIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 13 -
6
Expenditure on charitable activities
Running Events
Governance Costs
Total
Running Events
Governance Costs
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Direct costs
Staff costs
103,899
-
103,899
103,369
-
103,369
Depreciation and impairment
110
-
110
146
-
146

Administrative assistance

20,811
-
20,811
16,094
-
16,094

Speakers' fees and travel

94,226
-
94,226
79,272
-
79,272

Venue costs and equipment hire

95,315
-
95,315
70,413
-
70,413

Event running costs

169,284
-
169,284
142,578
-
142,578

Postage and stationery

3,128
-
3,128
3,899
-
3,899

Advertising

55,658
-
55,658
64,273
-
64,273

Telephone and fax

-
-
-
164
-
164

Printing

14,507
-
14,507
9,982
-
9,982

Travel and subsistence

33,580
-
33,580
33,520
-
33,520

Bank charges

-
4,024
4,024
-
465
465

Book-keeping

-
1,723
1,723
-
2,487
2,487

Office running costs

2,515
-
2,515
1,926
-
1,926

Sundry expenses

6,358
-
6,358
3,558
-
3,558

Insurance

7,212
-
7,212
7,272
-
7,272
606,603
5,747
612,350
536,466
2,952
539,418
Analysis by fund
Unrestricted funds
606,603
5,747
612,350
536,466
2,952
539,418
7
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
-
-
Depreciation of owned tangible fixed assets
110
146
8
Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.

THE OXFORD LITERARY FESTIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 14 -
9
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
2
2
Employment costs
2025
2024
£
£
Wages and salaries
91,993
91,992
Social security costs
10,713
10,184
Other pension costs
1,193
1,193
103,899
103,369

The total amount of employee benefits (including employer pension contributions) received by key management personnel for their services to the charity was £103,899 (2024: £103,369).

There were no employees whose annual remuneration was more than £60,000.
10
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

11
Tangible fixed assets
Office equipment
£
Cost
At 1 July 2024
4,966
At 30 June 2025
4,966
Depreciation and impairment
At 1 July 2024
4,527
Depreciation charged in the year
110
At 30 June 2025
4,637
Carrying amount
At 30 June 2025
329
At 30 June 2024
439
THE OXFORD LITERARY FESTIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 15 -
12
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
9,311
2,500
Prepayments and accrued income
53,123
13,325
62,434
15,825
13
Loans and overdrafts
2025
2024
£
£
Bank overdrafts
28,882
23,989
Other loans
6,814
61,767
35,696
85,756
Payable within one year
35,696
79,637
Payable after one year
-
6,119
14
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank overdrafts
13
28,882
23,989
Borrowings
6,814
55,648
Other taxation and social security
5,021
36,764
Deferred income
17
-
120,399
Trade creditors
141,239
126,525
Other creditors
1,168
1,778
Accruals and deferred income
17,413
18,738
200,537
383,841
15
Creditors: amounts falling due after more than one year
2025
2024
£
£
Borrowings
-
6,119
16
Members' Liability

Every Trustee undertakes to contribute to the assets of the charity in the event of it being wound up while he or she is a member or within one year after he or she ceases to be a member, an amount not exceeding £1.

The total amount of such guarantees at 30 June 202 5 was £9 (20 24: £7).

THE OXFORD LITERARY FESTIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 16 -
17
Deferred income
2025
2024
£
£
Other deferred income
-
120,399

Deferred income is included in the financial statements as follows:

2025
2024
£
£
Deferred income is included within:
Current liabilities
-
120,399
Movements in the year:
Deferred income at 1 July 2024
120,399
122,449
Released from previous periods
(120,399)
(2,050)
Deferred income at 30 June 2025
-
120,399

Deferred income of £120,399 was released in 2025, this relates to ticket sales held in respect of the 2020 event cancelled as a result of COVID, for which the final date to use expired on 30 September 2024.

18
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
1,193
1,193

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

19
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 July 2024
Incoming resources
Resources expended
At 30 June 2025
£
£
£
£
General funds
(373,619)
848,344
(612,350)
(137,625)
Previous year:
At 1 July 2023
Incoming resources
Resources expended
At 30 June 2024
£
£
£
£
General funds
(339,443)
505,242
(539,418)
(373,619)
THE OXFORD LITERARY FESTIVAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 17 -
20
Related party transactions

During the year no trustees (2024: one trustee) donated (2024: £5,000) to the charity for general purposes.

One trustee (2024: one trustee ) had travel expenses of £294 (2024: £48) reimbursed.

During the year £170,000 of loans were advanced in the year by one trustee (2024: £20,000). No interest is charged and there are no other conditions attached to the loan.

Loans totalling £190,000 were subsequently converted to donations. No amounts remain outstanding at year end (2024: £20,000).

21
Cash generated from operations
2025
2024
£
£
Surplus/(deficit) for the year
235,994
(34,176)
Adjustments for:
Investment income recognised in statement of financial activities
(158)
(182)
Depreciation and impairment of tangible fixed assets
110
146
Movements in working capital:
(Increase)/decrease in debtors
(46,609)
5,157
(Decrease)/increase in creditors
(18,964)
50,628
(Decrease) in deferred income
(120,399)
(2,050)
Cash generated from operations
49,974
19,523
22
Analysis of changes in net (debt)/funds
At 1 July 2024
Cash flows
At 30 June 2025
£
£
£
Cash at bank and in hand
77
72
149
Bank overdrafts
(23,989)
(4,893)
(28,882)
(23,912)
(4,821)
(28,733)
Loans falling due within one year
(55,648)
48,834
(6,814)
Loans falling due after more than one year
(6,119)
6,119
-
(85,679)
50,132
(35,547)
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