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|---|---|---|---|
|Reference and Administrative||Details||
|Trustees'
Report||||
|Independent
Auditor's|Report||13|
|Statement of Financial|Activities||16|
|Balance Sheet|||17|
|Statement ofCash Flows|||18|
|Notes to the Financial|Statements||19|
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||||Unrestricted|Restricted|Total||
|---|---|---|---|---|---|---|
||||funds|funds|funds|Total funds|
|||Note|2021|2021|2021|2020|
|||||||E|
|Income from:|||||||
|Donations|||111,703|201,042|312,745|242,083|
|Charitable
activities|||883,581|153,076|1,036,657|1,226,190|
|Other trading
activities|||45,619||45,619|71,677|
|Investments|||199||199|358|
|Total income|||1,041,102|354,118|1,395,220|1,540,308|
|Expenditure
on:|||||||
|Charitable
activities|||985,719|367,098|1,352,817|1,428,463|
|Total expenditure|||985,719|367,098|1,352,817|1,428,463|
|Net movement
in funds|||55,383|(12,980)|42,403|111,845|
|Reconciliation
offunds:||17|||||
|Total funds brought|forward||312,741|88,763|401,504|289,659|
|Total funds carried forward|||368,124|75,783|443,907|401,504|
##
||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets:||||||||
|Tangible assets|||11||215,499||268,942|
|Intangible
assets|||12||92,622||21,791|
||||||308,121||290,733|
|Current assets:||||||||
|Stocks|||13|18,558||27,334||
|Debtors|||14|112,920||142,943||
|Cash at bank and|in hand|||642,101||458,932||
|||||773,579||629,209||
|Creditors: amounts||falling due within one||||||
|year||||589,460||468,438||
|Net current assets/(liabilities)|||||184,119||160,771|
|Creditors: amounts
year||falling due after one|16||(48,333)||(50,000)|
|Total net assets|||||443,907||451,504|
|Charity Funds|||17|||||
|Restricted funds|||||75,783||88,763|
|Unrestricted
funds|||||368,124||312,741|
|Total funds|||||443,907||401,504|
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|||||2021|2020|
|---|---|---|---|---|---|
||||Note|||
|Cash flows from operating|activities|||||
|Net cash (used in)/provided|by operating|activities|19|294,622|267,984|
|Cash flows from investing|activities:|||||
|Cash flows from interest||||199|358|
|Purchase
oftangible
fixed assets||||(13,336)|(6,905)|
|Purchase
of intangible
fixed|assets|||96,649||
|Net cash used
in investing|activities|||(109,786)|(6,547)|
|Cash flows from financing|activities:|||||
|Cash inflows from new borrowing|||||50,000|
|Repayments
of borrowing||||(1,667)||
|Cash provided
by / (used|in) financing|activities||(1,667)|50,000|
|Change
in cash and cash|equivalents|in the year||183,169|311,437|
|Cash and cash equivalents|brought
forward|||458,932|147,495|
|Cash and cash equivalents|carried forward||20|642,101|458,932|
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|Income from donations|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||2021|2021|2021|2020|
|CLIPPA Awards||10,000|10,000|25,425|
|Fundraising|111,703|191,042|302,745|216,658|
|Total donations|111,703|201,042|312,745|242,083|
|Total 2020|216,658|25,425|242,083||
##
|Income from charitable
activities|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||2021|2021|2021|2020|
|||f|f||
|Power of Reading|623,787||623,787|844,560|
|Courses and conferences|183,024||183,024|130,169|
|Funded
projects||153,076|153,076|130,808|
|Cross sector work|28,338||28,338||
|School CPD|43,827||43,827|112,827|
|Publications|4,605||4,605|7,826|
||883,581|153,076|1,036,657|1,226,190|
|Total 2020|1,134,735|91,455|1,226,190||
##
|Income|from other trading
ac|tivities|||||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||||2021|2021|2021|2020|
|||||||E|
|Premises|income||45,619||45,619|71,677|
|Total income from other trading||income|45,619||45,619|71,677|
|Total 2020|||71,677||71,677||
##
||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2021|2021|2021|2020|
|Bank|interest|receivable|199||199|358|
|Total|2020||358||358||
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|Analysis ofresou|rces|exp|ended
by a|ctivities|||||
|---|---|---|---|---|---|---|---|---|
|||||Direct|Staff|Support|||
|||||costs|costs|costs|Total|Total|
|||||2021
E|2021|2021f|2021f|2020|
|Awards 8 Donations||||1,841|228,672|55,551|286,064|28,386|
|Funded
projects||||102,840|66,815|1,650|171,305|203,030|
|Courses and conferences||||18,612|56,766|104,562|179,940|537,052|
|Power of Reading||||53,442|193,471|356,371|603,284|557,521|
|Cross sector work||||1,692|8,789|16,190|26,671||
|School CPD||||976|13,593|25,039|39,608|67,557|
|Publication
sales||||1,675|1,428|2,631|5,734|11,912|
|Expenditure
on trading||activities:|||||||
|Cost of generating|Premises||Income||14,149|26,062|40,211|23,005|
|Total||||181,078|583,683|588,056|1,352,817|1,428,463|
##
|Support cos|ts||||
|---|---|---|---|---|
||||Total|Total|
||||2021|2020|
|||||E|
|Legal and professional|||13|3,621|
|Rent|||61,506|124,997|
|Telephone|||6,491|7,318|
|IT costs|||42,200|26,604|
|Light and heat|||7,495|10,193|
|Rates|||1,797|6,646|
|Insurance|||9,405|9,988|
|Other premises||costs|76,930|14,690|
|Cleaning|||5,790|7,479|
|Security|||1,196|1,035|
|Publicity and|marketing||57,585|25,631|
|Printing,
postage||and stationery|9,503|11,270|
|Bank charges|||947|1,104|
|Other operating||costs|5,812|11,552|
|Wages and salaries|||172,749|189,404|
|Depreciation|||92,597|89,988|
|Governance|costs (note 8)||36,040|40,613|
|Total|||588,056|582,133|
##
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|Governance
costs|||||
|---|---|---|---|---|
||||Unrestricted|Total|
||||funds|funds|
||||2021|2020|
|Auditor's
remuneration|||9,783|9,783|
|Trustee meetings
and other costs||||758|
|Reimbursement
ofTrustees' expenses||||611|
|Wages and salaries|||21,368|23,427|
|Other costs|||4,889|6,034|
|Total|||36,040|40,613|
|Net income/(expenditure)|||||
|This is stated after charging:|||||
||||2021|2020|
|Depreciation
oftangible||fixed assets:|||
|- owned
by the charity|||66,779|73,422|
|Amortisation
of intangible||fixed assets|25,818|13,022|
|Auditor's
remuneration|-|audit|9,783|9,783|
|Operating
lease rentals|||61,506|124,997|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Wages and salaries||||661,403|687,774|
|Social security costs||||61,329|65,197|
|Other pension|costs|||55,068|99,819|
|Total||||777,800|852,790|
|The average|number|of persons employed|by the charity during|the year was as follows:||
|||||2021|2020|
|||||No.|No.|
|Educational
staff||||7|7|
|Support staff||||13|13|
|Total||||20|20|
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|Tangible fixed assets||||||
|---|---|---|---|---|---|
||||Furniture|Computers||
||Leasehold||and|and||
||improvementsf|Libraryf|fittings|equipment|Total|
|Cost or valuation||||||
|At the start ofthe year|156,215|254,121|34,528|114,524|559,388|
|Additions|||1,267|12,069|13,336|
|Disposals|(16,994)|||(48,887)|(65,881)|
|At the end ofthe year|139,221|254,121|35,795|77,706|506,843|
|Depreciation||||||
|At the start ofthe year|106,015|59,738|26,138|98,555|290,446|
|Charge for the year|22,901|31,765|2,434|9,679|66,779|
|Eliminated
on disposal|(16,994)|-|-|(48,887)|(65,881)|
|At the end ofthe year|111,922|91,503|28,572|59,347|291,344|
|Net book value||||||
|At the end ofthe year|27,299|162,618|7,223|18,359|215,499|
|At the start ofthe year|50,200|194,383|8,390|15,969|268,942|
##
|12.|Intangible|Fixed Assets|||
|---|---|---|---|---|
||||Website &||
||||App||
||||development|Total|
||Cost or valuation||||
||At the start|ofthe year|114,456|114,456|
||Additions||96,649|96,649|
||Disposais||(102,656)|(102,656)|
||At the end|ofthe year|108,449|108,449|
||Depreciation||||
||At the start|ofthe year|92,665|92,665|
||Charge for the year||13,971|13,971|
||Disposais||(90,809)|(90,809)|
||At the end|ofthe year|15,827|15,827|
||Net book value||||
||At the end ofthe year||92,622|92,622|
||At the start|ofthe year|21,791|21,791|
|13.|Stocks||||
||||2021|2020|
||Book stock||18,558|27,334|
|14.|Debtors||||
||||2021|2020|
||Trade debtors||62,906|70,886|
||Other debtors|||1,011|
||Prepayments|and accrued income|50,014|71,046|
||Total||112,920|142,943|
##
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|||||||
|---|---|---|---|---|---|
|Creditor|s: Amounts||falling due within one year|||
|||||2021|2020|
|Trade creditors||||101,606|45,220|
|Other taxation
and social security||||33,836|30,601|
|Other creditors||||27,823|12,808|
|Accruals|and deferred||income|426,195|379,809|
|Total||||589,460|468,438|
|Deferred|income|||||
|Deferred|income|at the start ofthe year||332,745||
|Amounts|released|from previous years||(332,745)||
|Amount|deferred|in the year||315,332||
|Deferred|income|at|the end ofthe year|315,332||
##
|redit|ors: Amounts
falling after one year|||
|---|---|---|---|
|||2021|2020|
|Bank|loan|48,333|50,000|
|Total||48,333|50,000|
##
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|Statement offunds - current year||||||
|---|---|---|---|---|---|
||||||Balance|
||Balance at||||at the|
||the start of|||Transfers|end of|
||the year|Income|Expenditure|in/(out)|the year|
|Unrestricted
funds:||||||
|Desi
nated funds||||||
|Operating
Cost Reserve|312,000||||312,000|
|General
funds||||||
|General reserves|741|1,041,102|985,719||56,124|
|Total unrestricted
funds|312,741|1,041,102|985,719||368,124|
|Restricted funds:||||||
|Reflecting Realities 2020|10,071||(10,071)|||
|CLIPPA 2020|14,242||(14,242)|||
|Improving
Vocabulary|64,450|91,910|(94,074)||62,286|
|Reflecting Realities 2021||29,996|(24,350)||5,646|
|CLIPPA 2021||29,950|(22,099)||7,851|
|Culture
Recovery Fund||191,042|(191,042)|||
|Poetry
in the Primary Classroom||11,220|(11,220)|||
|Total restricted
funds|88,763|354,118|(367,098)||75,783|
|Total funds|401,504|1,395,220|(1,352,817)||443,907|
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|||||||Balance|
|---|---|---|---|---|---|---|
|||Balance at||||at the|
|||the start of|||Transfers|end of|
|||the year|Income|Expenditure|in/(out)|the year|
|Unrestricted
funds:|||||||
|Desi nated funds|||||||
|Operating
Cost Reserve||315,000|||(3,000)|312,000|
|General funds|||||||
|General reserves||67,864|1,423,428|1,357,823|3,000|741|
|Total unrestricted|funds|247,136|1,423,428|1,357,823||312,741|
|Restricted funds:|||||||
|Reflecting Realities, Stage 2||21,177||(11,106)||10,071|
|CLIPPA|||25,425|(11,183)||14,242|
|EEF —POP||21,346||(21,346)|||
|Mercers - Improve|Vocabulary||91,455|(27,005)||64,450|
|Total restricted funds||42,523|116,880|(70,640)||88,763|
|Total funds||289,659|1,540,308|(1,428,463)||401,504|
##
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|Analysis|ofnet assets between
funds —current year||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2021|2021|2021|
|Tangible|fixed assets|215,499||215,499|
|Intangible|fixed assets|92,622||92,622|
|Current assets||697,796|75,783|773,579|
|Creditors|due within one year|(589,460)||(589,460)|
|Creditors|due after one year|(48,333)||(48,333)|
|Total||368,124|75,783|443,907|
|Analysis|ofnet assets between funds —prior year||||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2020|2020|2020|
|Tangible|fixed assets|268,942||268,942|
|Intangible|fixed assets|21,791||21,791|
|Current assets||540,446|88,763|629,209|
|Creditors|due within one year|(468,438)||(468,438)|
|Creditors|due after one year|(50,000)||(50,000)|
|Total||312,741|88,763|401,504|
##
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|19.|Reconciliation|of net movement|of net movement|in funds|to net cash flow from|operating|activities||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||Net expenditure|for the year|(as|per the Statement of Financial||Activities)|42,403|111,845|
||Depreciation||||||80,750|89,987|
||Disposals offixed assets||||||11,847||
||Interest,
rent and|dividends
from investments|||||(199)|(358)|
||Increase/(decrease)
in stock||||||8,776|15,723|
||(Increase)/decrease
in debtors||||||30,023|99,097|
||Increase/(decrease)
in creditors||||||121,022|(48,310)|
||Net cash (used|in)/provided|by operating||activities||294,622|267,984|
|20.|Analysis ofcash and cash equivalents||||||||
||||||||2021|2020|
||Cash in hand||||||642,101|458,932|
||Total||||||642,101|458,932|
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||||Land and buildings|Land and buildings||Other|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
|Amounts||payable:|||||
|Within|1|year|115,916|102,900|6,676|6,676|
|Between||1 and 5years|463,664|411,600|14,018|20,695|
|After|more than 5years||1,738,740|728,875|||
|Total|||2,318,320|1,243,375|20,694|27,371|
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