2023-03-31-accounts

Trustees			M Littleford	MBE, Chair	MBE, Chair
			P Kelly, Vice Chair
			T Moody-Stuart
			A Langley
			D O'Gara
			P Cocozza
			S Hall
			D Green
			J Sanderson
			M Abidin
			V Owen (appointed		28	June 2022)
			M De Waal	(appointed		23 January 2023)
CEO			K Napier MBE
Finance, Commercial		and	D Giwa
Business	Director
Creative Director			D Hicks MBE
Charity number			1085443
Company	number		3904882
Registered	office		8 High Street
			Brentwood
			Essex
			CM14 4AB
Auditors			M J Bushell	Audit	LLP
			8 High Street
			Brentwood
			Essex
			CM14 4AB
Bankers			Lloyds Bank pic
			High Street
			Winchester
			SO23 9DA

		Page
Chair's report
CEO's report
Trustees' report		3-15
Statement ofTrustees'	responsibilities	16
Independent auditor's	report	17 —19
Statement offinancial	activities	20
Balance sheet		21
Statement ofcash flows		22
Notes to the accounts		23-39

			Unrestricted	Restricted	Total	Total
		Notes	funds	funds	2023 F	2022f
Income and endowments	from:
Donations and legacies			592,664	27,384	620,048	505,883
Charitable activities			1,879,709	542,134	2,421,843	2,468,297
Investments			1,402		1,402	134
Other income			1,136		1,136	61
Total income			2,474,911	569,518	3,044,429	2,974,375
Ex enditure on:
Raising funds			163,239		163,239	95,156
Charitable activities			2,307,592	1,184,668	3,492,260	2,728,472
Total resources expended			2,470,831	1,184,668	3,655,499	2,823,628
Net income/(expenditure)	for the year/
Net movement in funds			4,080	(615,150)	(611,070)	150,747
Fund balances at 1 April 2022			1,097,753	783,910	1,881,663	1,730,916
Fund balances at 31 March 2023			1,101,833	168,760	1,270,593	1,881,663

						2023		2022
				Notes
Fixed assets
Tangible assets				14		9,441		14,561
Current assets
Debtors				15	1,162,583		1,219,424
Cash at bank and	in	hand			1,293,339		1,909,067
					2,455,922		3,128,491
Creditors: amounts		falling	due within	16
one year					(1,194,770)		(1,261,389)
Net current assets						1,261,152		1,867,102
Total assets less	current		liabilities			1,270,593		1,881,663
Income funds
Restricted funds				19		168,760		783,910
Unrestricted funds						1,101,833		1,097,753
						1,270,593		1,881,663

							2023		2022
					Notes
Cash flows from operating				activities
Cash (absorbed		by)/generated		from	23
operations							(614,999)		146,893
Investing	activities
Purchase	oftangible fixed		assets			(2,131)		(13,410)
Interest received						1,402		134
Net cash	used	in investing		activities			(729)		(13,276)
Net cash	used	in financing		activities
Net (decrease)/increase			in	cash and cash
equivalents							(615,728)		133,617
Cash and	cash equivalents		at beginning		of year		1,909,067		1,775,450
Cash and	cash	equivalents		at end of	year		1,293,339		1,909,067

		Unrestricted	Restricted	Total	Total
		funds	funds	2023	2022f
Donations and gifts		43,523	27,384	70,907	21,742
Grants receivable for core activities		549,141		549,141	484,141
		592,664	27,384	620,048	505,883
For the year ended 31 March	2022	495,883	10,000		505,883
Grants receivable for core activities
Arts Council England (Revenue	Grant)	484,141		484,141	484,141
Garfield Weston Foundation		50,000		50,000
Aura Leisure and Libraries		15,000		15,000
		549,141		549,141	484,141

		Life Skills 8	Health &	Connected	Other	Total	Total
		Learning	Wellbeing	Communities		2023	2022
Sales within	charitable
activities		1,271,727	63,279	503,537	46,166	1,884,709	1,361,513
Performance	related
grants		384,634	60,000	92,500		537,134	1,106,784
		1,656,361	123,279	596,037	46,166	2,421,843	2,468,297
Analysis by	fund
Unrestricted	funds	1,266,727	63,279	503,537	46,166	1,879,709
Restricted funds		389,634	60,000	92,500		542,134
		1,656,361	123,279	596,037	46,166	2,421,843
For the year	ended 31
March 2022
Unrestricted	funds	1,014,220	69,088	278,205			1,361,513
Restricted funds		282,356	701,928	122,500			1,106,784
		1,296,576	771,016	400,705			2,468,297

Charitable activities							(Continued)
	Life Skills &	Health	&	Connected	Other	Total	Total
	Learning	Wellbeing		Communities		2023	2022
							f.
Performance related grants
Arts Council England
(Grants for the Arts)	58,941			92,500		151,441	208,264
Balcombe Trust	15,000					15,000
Charity ofSir Richard
Whittington	75,000					75,000	75,000
Cyngor Llyfrau Cymru-
Books Council ofWales	12,309					12,309	12,963
Department ofCulture,
Media and Sport							30,000
Goldsmiths							20,000
Libraries Connected		60,000				60,000	60,000
Open University	5,205					5,205
Science 8 Technology
Facilities Council	12,179					12,179	58,629
Sigrid Rausing Trust							25,000
Society of Chief
Librarians (Wales)	206,000					206,000	250,000
Welsh Government							366,928
	384,634	60,000		92,500		537,134	1,106,784

5	Other income	Other income
				Unrestricted	Unrestricted
				funds	funds
				2023	2022
				f	R
	Royalties			84	61
	Other income			1,052
				1,136	61
6	Investments
				Unrestricted	Unrestricted
				funds	funds
				2023	2022
					F
	Interest receivable			1,402	134
7	Raising funds
				2023	2022f
	Fundraisin	and	ublici
	Staff costs			100,405	68,066
	Other fundraising		costs	31,982
	Share ofsupport		costs (see note 9)	30,852	27,090
				163,239	95,156

		Life Skills &	Health &	Connected	Total	Total
		Learning	Wellbeing	Communities	2023	2022
						E
Staff costs		545,675	131,393	337,515	1,014,583	1,001,929
Programme materials	including
distribution		938,707	327,663	71,008	1,337,378	890,060
Website development		24,297	480	33,520	58,297	77,602
Activities, events and	other operational
costs		"I68,296	17,741	239,106	425,143	324,761
		1,676,975	477,277	681,149	2,835,401	2,294,352
Share ofsupport costs (see note 9)		339,772	121,403	143,035	604,210	398,390
Share ofgovernance	costs (see note
9)		31,139	8,862	12,648	52,649	35,730
		2,047,886	607,542	836,832	3,492,260	2,728,472
Analysis by fund
Unrestricted funds		1,527,556	136,184	643,852	2,307,592
Restricted funds		520,330	471,358	192,980	1,184,668
		2,047,886	60?,542	836,832	3,492,260
For the year ended	31 March 2022
Unrestricted funds		1,246,849	148,317	338,529		1,733,695
Restricted funds		517,243	425,753	51,781		994,777
		1,764,092	574,070	390,310		2,728,472

Support costs
			Support	Governance	Total	Total	Basis ofallocation
			costs F	costs E	2023f	2022 f
Staff costs			326,544	27,633	354,177	217,292	Time on activities
Depreciation			7,251		7,251	5,381	Time on activities
Premises costs			47,137		47,137	31,779	Time on activities
Communications	and PR		28,764		28,764	68,847	Time on activities
Irrecoverable VAT			15,116		15,116	24,853	Time on activities
Office and other	support		210,250		210,250	93,273	Time on activities
costs
Audit fees				5,800	5,800	5,600	Governance
Accountancy				1,458	1,458	1,695	Governance
Legal and professional				17,758	17,758	12,490	Governance
			635,062	52,649	687,711	461,210
Analysed between:
Fundraising			30,852		30,852	27,090
Charitable activities			604,210	52,649	656,859	434,120
			635,062	52,649	687,711	461,210
Net (expenditure)/income							2023	2022
Net (expenditure)/income		is	stated after	charging/(crediting):
Depreciation of	owned tangible fixed assets						7,251	5,252
Loss on disposal	oftangible		fixed assets					129
Operating lease	charges						43,322	24,689

The analysis ofauditor's	remuneration	remuneration	is as follows:
						2023	2022
						K
					I
Fees payable to the company's		auditor	for the audit ofthe company's	annual
accounts						5,800	5,600
Other assurance services						1,500	700
Taxation compliance services						300
All other non-audit services						1,158	995
Total non-audit fees						2,958	1,695

The average monthly number ofemployees during the	year was:
	2023	2022
	Number	Number
Voluntary income generation
Life Skills 8 Learning
Health 5Wellbeing
Connected Communities
Governance
	27	24
Employment costs	2023	2022
Wages and salaries	1,084,482	909,438
Other staff costs	219,433	241,591
Social security costs	111,600	90,813
Other pension costs	53,650	45,445
	1,469,165	1,287,287

The num were:	ber of employees whose annual remuneration wa	s F60,000 or more
		2023	2022
		Number	Number
Between	F60,000 and F70,000		1
Between	F70,000 and f80,000
Between	280,000 and 690,000
Between	F90,000 and F100,000
Between	F100,000 and F110,000
Between	f110,000 and 6120,000

14	Tangible fixed asset	s
				Computer and office equipmentf
	Cost
	At 1 April 2022				31,331
	Additions				2,131
	At 31 March 2023				33,462
	Depreciation and impairment
	At 1 April 2022				16,770
	Depreciation charged	in the year			7,251
	At 31 March 2023				24,021
	Carrying amount
	At 31 March 2023				9,441
	At 31 March 2022				14,561
15	Debtors
				2023	2022
	Amounts falling due	within one year:
	Trade debtors			504,946	398,295
	Other debtors			1,000	1,000
	Prepayments and accrued income			656,637	820,129
				1,162,583	1,219,424
16	Creditors: amounts	falling due within one year
				2023	2022
			Notes		K
	Other taxation and social security			75,928	118,340
	Deferred income		17	508,509	696,605
	Trade creditors			378,573	232,620
	Accruals and deferred	income		231,760	213,824
				1,194,770	1,261,389

Deferred income
		Other deferred
		income
At 1 April 2022		696,605
Released in year		(696,605)
Deferred in year		508,509
At 31 March 2023		508,509
The deferred income relates to income for projects taking place in the next period where the charity is not yet
entitled to the use ofthe resources.
The amounts deferred at the year end are	as follows:
Summer Reading Challenge 2023		431,424
Donations (World Book Night)		29,250
Fees (Radio 2 Book Club, Big Eurovision	Read, Reading Partners)	43,998
Subscriptions (Reading Friends)		3,837
		508,509

non-cancellable operating leases, which fall due as follow	s:
	2023f	2022f
Within one year	27,000	27,000
Between two and five years	66,279	93,279
	93,279	120,279

		2023	2022
Aggregate	compensation	304,398	251,748

23	Cash generated from	operations	operations	operations				2023	2022
								F	F
	(Deficit)/surpus for the	year						(611,070)	150,747
	Adjustments for:
	Investment income recognised		in	statement		offinancial	activities	(1,402)	(134)
	(Gain)/loss on disposal	oftangible			fixed assets				129
	Depreciation and impairment oftangible fixed assets							7,251	5,252
	Movements in working	capital:
	Decrease in debtors							56,841	24,230
	Increase/(decrease) in	creditors						121,477	(214,788)
	(Decrease)/increase in	deferred	income					(188,096)	181,457
	Cash (absorbed by)/generated			from operations				(614,999)	146,893
24	Analysis ofchanges	in net funds
	The charity had no debt during		the		year.