Registsred number: 04385537 Charity number: 1092698 The Centre for Llteracy in Primary Education (A Company Limited by Guarantee) Trustees, Report and Flnanclal Ststsments For the Year Ended 31 August 2022
The Centre for Literacy in Prlmary Education (A Company Llmltod by Guarantee) Contents Pag• Reknn¢e and Admlnistrativo Details Trustoe5' Report Indgpendent Auditofs Report 13 Statgrn•nl of FlnanGlal Activiti05 16 Balance Sheet 17 Statement of Cash Flows 18 Notss to tho Financial Statements 19
The Centre for Literacy in Primary Eduution (A Company Limited by Guarantee) Relerence and Admlnlstratlve Detslls of the Charity, its Trustees and Advisers For thè Yèar Ended 31 August 2022 Trust988 Sonja Afzal Antonia Byatt Elizabeth Catford Jackle Gillan Beverfey Gr8alh8ad - Vice Chalr of TnJslees a1 Chair of the Operations Committee f rom 01109122 Ramon Kaur Catherin8 Rose - Chair of Tmstees from 01109122 Justin Shin8boume - Chair of Finance Committee from 01109122 Valerie Todd Cecilia Woiler Ronnie Woods Rukhsana Yasmin Company rngl8ternd numb•r 04385537 Charlty regl8tered number 1092698 Rogistsrod offi Webber Street London SEI 8QW Company secretary Rachel Doran {appointod on 12 January 2022) Chief exg¢Utivg officgr Louis8 Johns-shepherd Independent audltor Goldwns Limited 75 Maygrove Road London NW6 2EG Pagel I
The Centra for Llteracy In Primary Eduution {A Company Llmltgd by GuaTorrte•} Reference and Adminlstrativ8 Detalls (tInUed) For the Ygar Endod 31 August 2022 Bankers The CoperatIv@ Bank plc PO Box 101 1 B811oon Stre Manchester M60 4EP Barclays Bank plc 53 Tha Broadway LorKJon W5 5JS Santander Business Banking Bridle Road Bootle Liverpool L30 4GB Solicitors Bates Wells 10 Queen Street Place London EC4R 1BE Pagel 2
The Contre for Llteracy Primary Education IA Company Limitad by Guarantso) Trustses Report For the Year Ended 31 August 2022 The Trustees. who are also directors of the charity forthe purposes of the Companies Act 2006. present their nua report together wlh the audited financial statements of the charity for the year anded 31 ALKJUSI 2022. The TKUStees confimi th81 the Annual Report and financial statements of the company comply with the curTent statutory r6ouir6ments, the requirements of the Gompany's goveming document and the provisions of the Statement of Rgcomrnended Practice ISORPI, applicable to charities preparing their accounts in accordance wf(h th& Financid Reporting Standard applicable in the UK and Republic of Irela1 IFRS 1021 leffeclive 1 January 20151 as amended by Update Bulletin 1 {effectiv8 1 January 2015} arKI update Bulletin 2 l&ff8Ctiv& 1 Jawary 20191. Since the charily qualifies as small under section 383, the strategic report required of medium and large companies under The Companies A¢t 2006 (Strategic Report and Direclorfs Report) Regulations 2013 Is not uir8d. CatheTino Rose. Chair of Trustses 2022 marks the frftieth year of CLPE'S existence and the 2021-2 f inancial year was one of looking back and looking forward. We built on at had leamt about online learning and CPD durfng the pandemic and were proud to laurth our new, comprehensive online programme which provldes additional content and another roule for schools to access our work. More schools, in more places than ever belore can now take part in our CPD. in our poetry and pictur8 book work and benefit from our research. As the restrictions of the pandemic were lifted we mov8d back to delivering our trainiro face lo face again and we were a150 pleased that we were able to deliver two CLIPPA shows in one year- the delayed 2021 CLIPPA took place al Chellenham Festlval in October 21 and the 2022 CLIPPA relumed lo a large space in the Queen Elizabeth Hail al the Southbank in July. This was also a year wlh goodbyes and hellos. Our long-stsnding Centre Manager. Maria Deady retired al the end of 2021 and we welcomed a new Ca)tre Manager. Ghazanfar Ajaz in January 2022. Maria was responsib for overseeing so many positive chaNJes to our building, not lèast the refurbishment of the Litèracy Library in 2018 and we are so grnl8ful for her contribLrtion during her time al CLPE. kn the summer ot 2021, we welcomed fournew members of ourboard.. Lizie Catford. Ramon Kaur, Sonia Afzal d vaIle Todd. We are so pleased that they have chosen to share their expertise and knovAedge wth us. We also said goodbye to four long-standing Trustees who have made an enomious contribution lo CLPE. Carolin8 Pidgeon, Elaine McQuade. Ali MavAe Nicky Parker all came to the end of t11r Trustee lems of off i(x. We are very sad lo say goodbye, but we Wdnl lo thank them for all the hours of SLrpport that they have given our charity. Every one of these Injslees has been instrumental in the d8velopment of CLPE helping us ts) expand and develop our wotk and building in new and innovative ways. Nicky Parker SVed as our Chair of Trustees since 2016 and we are extremely grateful forthe leadership she has shown us through 8 pertod of gmwth and then uncertalnty when the pandemic hil. Nicky brought her tremendous experience in publishing and the importance of children's rights to her role and we benefiled from her interest in the long terrn pOr of children's fiction and pictur8 books lo broadan horizons, develop empathy and inspire young people to stand up and make a drff erence. Elaing McQuade has h1 a very long association with CLPE and most recenlly serv&J as OLr Vice Chair of Trustees for many years. Elaine broug hl us unique insights about the publishing industry from her long career in children's publishing and supported our strategic developmenl, board development and hdped us to develop o marketlng aThJ brand in a positive and slrdtegic way. Caroline Pldgeon was originally appointed to our Board under our arraNJement th Soulhvfdrk Council arKI then oln&Y us in her own right when her council lem) ended. Carolln8 is currently an 8lecl&l Member of the London Assembly and has been key to helping negotiate th9 political landscape and hdpirvJ us lo ask probing and slrat8gic questsons. All Me is Directorof Chellenham Festivals and bm(JgM thls expertenc8 as well as her experience as Head of Sch)019 81 the National Gallery and as a prirnary teacher, literacy advlsor, Deputy Head Teacher a1 rrE lulor. Ali was instrumental in our longrystanding partnershlp with Chellenham Festival aNS has help&J us to re8ch school audiences across the regions Tmth her strategic advice. We would Ilkelo thank them all f oriheir support and commitment over rnY y&ars - including through the process of appointing and mentoring new members of our board who will be able to build on their tremendous gxamples Pagel 3
The Centre for LlteraGy in Prlmary Educalion IA Company Llmltod by Guaranloe) Trustees Report For tho Yoar Ended 31 August 2022 of leadership as we mov8 forward into the next 50 years. l %Yas delighted lo be elected to the position of Cbair of Truslees with effect from September 2022 alongside Beverley Greathead who was elected lo the position of Vi¢e£hair of Trustees. We are both excited to have this opportunity and are committed to ensuring all children benefit from the absolute best literacy leachlng which encourages a lrfdong love of r8ading and wrfting. We are looking forwdrd lo th8 future of CLPE. as an Arts COW11 National Portfolio OrglsatIOn and a8 a key player in the literacy teaching landscape. W8 are pleased to share our imp&t report wlh you and proud of the ways in which our search. our resources and our training continu8 to impact on literacy t8aching across the counlry ensurirw3 that all children benefit f rom our work. Our Toam The CLPE team is made up of teachers. librdrians, communicators. project managers and adminlstrator5 frorn a range of backgrounds working log8ther in a beautiful old school building in the very mlddle of London. All our teaching team have r8cent classroom and 18ader5hip experience and they use this to support their research, vlting arKI development of all our courses and maerials. We now have 8 Staff of 19 ppIe in f ull and part lin posltions as wdl as a wder team of Associate Teachers working with us around the country. We have 20 Associate Schools who are beacons of practice across England where schools can visit and see CLPE practiee thriving. Wg have a wider team of &88ociates working VAlh us lo support th8 delivery of our extended programme, f undrdise, research and support our marketing and Gornmunications We continue to bulb partnerships with likemlnded organisatlons eruring our work and research is di55eminated and eommunicated as widely as possibbe. In September 2021 w6 restructured our staff to ensure that we ean f ully respond lo the needs of the sectors wa work wih 2nd within as we move forward lo deliver our Strategic Plan. Our Truste88 We are a ch8rily and govemed by a board of trustees. Our Iruslees meet three times a y88r as an entire board. and we have committees.. Finance & HR Committee and Operations Committ88. Trustees also fomi smaller, lim8 limited speclal proj&cl committees lo support th8 implemen18tion of our strategic plan and lo lake fonvwd particular projects. Our Trust88s are comfflilled lo ern5uring that we have the f ull range of skills and knoodge on our board and worf( lo ensure we are Implementing thg principles of good govemance and wotl(ing as an elfeclive board. Our board worked wlh wjillty during the time of the pandemic, meetlng more frequently and regulady reviewing finance and activity as well as plannirYJ forstability in a lime of change. We have been k8en lo ensure that our rk is guided by delivering our Slr8tegic Plan and Trustees worked wth the slaff-tr) ensure that our organisalion and staffing is f ilforpurposeaswe moveforwaT(J lo futur8 y8ars on our strateg prioriti8s a5 we prepared our charity lo apply for Arts CounGiI National Portfolio Organisation status. CLPE Trustees Sonja Afzal - appoinlad on 12 January 2022 Antonia Byatt Elizabeth Cafford - appointed on 12 January 2022 Jackie Gillan- Chair of Finance Committee until 31108122 Beverfey Greathead Ramon Kaur - appointed on 12 January 2022 Ali Ma9 Elaine M¢Quade- Vice Chair of Trustees until 31108122 Caroline Pidgeon Nlcky Parker- Chair of Trustees until 31108122 Catherine Rose- Chair of Trustees from 01109122 Justin Shinebourne Valerfe Todd - appolnted on 12 January 2022 Cecilia Weiler Ronnie Woods Rukhsana Yasmin Company s9ctary". Rachel Doran (Financ8 & Operations Director) 20214022 - Revigw of the Year and Impact Louise Johnshepherd, Chief Exewtiv•. A key prlorily f or CLPE during this year has been to revi our strategic plan as the wodd emerged from the Pagel 4
The Centre for Litera in Primary Educatlon (A Company Llmlted by Guarantse) Trnstees Report For th6 Year Ended 31 August 2022 pandemic and to ensure our organisatlon continues to work in the best way possible for the needs of our beneficlarlas. We were pleased to SLfbmit our bid lo become a National Portfolio Organisalion lo Arts cour11 England in May 2022, presenting a Strategic Development Plan which built on what we had leamt during the lime of the pandemic and on our work and legacy as a nationally signif icanl culluml organisation. We have built a comprehensive online leaming pmgramme thich complements our traditional face to face programme and continue to undertak8 r8search produce resources that we know schools and the publishing community have come to rely on. These include our Reflecting Realities research and our Back-lo- School resources. Our le8dership team have focussed on the challenges of ManagIr our charity as we embrace hybrid working and the cost of living pressures. At th8 beginning of the year. we implerT)ented a raslNclure of our18am lo ensure we were working to our strategic priorFlies in th8 ITIDSt effective Vfdy. We have invested in eThsuring our information teCh)I09Y wowks practically in a hybrid environment aThl that we have Ihg capability in our building to 5UPPOrt our webinar programme and hybrid meetings. We were also planning forward for our 50th birthday in 202213 and were pleased to appoint four new patrons from the wDrld of hildren's books. Our purpose and our mission The Centre for Literacy in Primary EducatK)n ICLPE) is a UK based charity that has been leading thinking and practice in the leaching of lilerdcy in primary schools f or 50 years. Our work raises the achSevement of children's ro&ling and vrriling by helping schools to teach literacy crgatlV91y and 9ffeclivgly, putting quality children's books at the heart of all leaming. We run professional dgvglopfflent ¢our5e5 and researc h programmes at our Ilteracy libw in central London. deliver online training and provide a wi¢Je range of free leachSng resourGes for primary sGhool teacher5. We want lo improve the life chances of children by ensuring that every child has acee5S to qual ity 8XP8riences of literacy and that all t8ach8rs hav8 the knowledge and resources to support chilé ren become Conf ident. happy and enthusiastic readets and wrilers, with 811 the benefits this brings. Our Teacher Tralnlng and Development Programmes: CLPE'S Continuiry Professional Development ICPDI and training for primary schools provide5 a whole school approach to literacy teachlro. Designed lo give teachers access lo a Mde range of slralegies. resources and reative ideas to teach literacy effectively and improve outcomes for children. In 2021-22= 452 teachers attended a faGe40-faGe training course 670 books given away as part of CLPE training programmes 99% of respondents rated our f8-to-faC8 Iralning as effective 990A of respondents would recommend our face-to-face training lo someone else 2130 atterKlees on our online training programme 97% of respondents rated our online tfdining as effective 97% of pondentS would comMej our online training lo sornne 8ls8 Thls IAning was full of useful, relevant infonn8tion and delivered by a confident professional who has festod and tried all the strategies they recommend. On top of this. everything is researth bas8d. Joshua Fr•eland, Ngw Clty Prlmary School. 20214 This coutse was fantastic l eryoyed every moment. l K)uld thghly ¢0mMend. It was delivered in such 8 captiV8ting way and the library is begutiful ond InSring. Every 18lkirJg kKwnl w8s n7e8ningful the wasn? a S6Yond wasted. it wa$ 81$0 lovely th8t tIre yre many moments to share and he8r others expeiiences. Partlclpant on Phonlcs In a Rlch R•adlno Currkulum 202142 Pagel 5
The Centro fr•r LltoraGy in Prlmary Education (A Cornpany Llmlt¢d by Guarantee) Trustees Report For the Yoar Endad 31 August 2022 CLPE'S Powor of Reading Trainlng and School Membership: CLPE'S research around the importance of using quality texts as the basis for English plannirffJ and quality teaching and to providg r8flective professional development is embodied in our f lagship IrdiniNJ programme, The Power of Reading. The programme supports schools to build a currfculum for ETYJlish based on high quality children's literature, raising engagement and atlainmenl for all childtBn in oracy. readirKJ and wriliTVJ. In 2021-22= 2YJ teachers allended Power of ReadirrfJ training 1173 books givan to schools as part of the trdning programme 97% of teachers havg irnprovod thr subject knowledge 100% of respondents would r8commend our Power of Reading training lo someone else 100Y• of teachers reported that the programme improved chlldren's engwJefflent In reading 89% of tèachèrs reportpA that the programme raised childm's atlailent in reading 94% of teachers reported children choosing lo read more indepdentlY in school 89% of leaGhers reported that the programme improved children's gThJagement in wrilir¥J 1610 schools with a CLPE wEb51te membership 325 book recommendation8 and teaching plans available to members 90 home leaTning Tesources to support conllnuity of leamiro outsid8 the Class0M 18 CLPE Associate Schools highlighting how to use the programme lo build an effective ErwJlish Curriculum What love Is the opportunity to imfflerse th& childftn into a bts)k so thoroughly, glvlng ample lime to wo through Iho diff8Trnt teaching approaches,. developing chIldn s empathy for the ¢h8TrCtets," 7tn9 for ffent PUlPOS8s and the cmss<urricular links. Speaking and INstening expectations are taught expliGItIy through a rdng8 of approaGhes such as hot seating, book lelk. readerfs theatTr glc. The plans offer the slfBtch and challenge ne8ded for children to make rpal, embedded pr(yress. Vocabulary development is huge, bwth children in the class coming in this year with such 8 deficit. This has plugged lols of those gaps. Lucy Challand, Assoclats H•adleach•r, Sydenham Primary School, Warwiekshlr•, 20214 I would ¢0Mmend CLPE Power of Reading leaching sequences to evgry teaclw. I have found Ihat very young children are engaged in their18aming from the start and cany wail for th8 next lesson. Lorraine H•ugh, Year 1 Teacher. (r Lady of Muswell RC Prlmary S¢hod, London Borough of Harlngeyi 20214 The Power of Plctures research programme CLPE'S Power of PictuS progrdmrne and reso urces support te&hers in developiry an UndetandIng of the importance of visual literacy in developing readers, th8 importance of illuslralion as a way of d8velopiw wtiling and the craft of picture book creation to d8Vglop children's engagement and attainment in literacy. 11 vms origindly devised by CLPE's Charlotte Hacking and authorlillustralof arKJ CLPE Patron. Ed Vere in 2013. In September 2021, the findings from the Education Endowment Foundation (EEFI RarKIDmised Control Trial of The Power of Pictures programm&. inve51igatlng the impact of arts-based leaming on acadgrnic outcomes were published. The results revealed pgresS in outcomes f or literacy for Ghildren who look p8rt in the project and evidence of a link between creativity 8ftd drawiro and lting. 101 schools and 2674 pupils were involved in the trial +1 month progress in wfjtiro scores +1 month additional progress in writlng scores for pupils eligible for Free School Meals {FSMI +2 months progress in wlIng self-efficacy +2 months progress in writiThJ creativity lide81ion) Pow8r of Pictures allY stood out as being quite an engaglng way forlhosg Ghlldren that dis8dvantaged,.. Th8y dony enjoy fftading. They don't anjoy wriling... 11 was re811y appealing that using ClubookS to improvg ComplTr510n, and improve their undetslanding and writing could really makg a difference. SLT M•mbof. Power ¢rfPlcr•$ RCT Casé Stuity School. 2021Q My te8cthn9 of story slmofure and Adeion has improved and I feel betterplaced lo guide childron thmugh th8 whole 7tng pioc8ss lo pr(xJuce beller texts. The cknldren are pnwd of their th, inspirnd. rn0 confident in Ihwr id88tlon and Greation. They are thinking from th8 mindset of an aulhor. Project Tgacher, Year 5. Pow•r of Plclurejs R¢T Cas• Studyschool. 20214 Closlng the Vocabulary Gap research progranme The project, in partnership wlh the Dolly Parton Imagination Library UK, aims lo improve outcomes for young Pagel 6
The C•ntre for LItera in Primary Education (A Company Limit•d by Guarantee) Trnstsos R•port For the Year Ended 31 August 2022 children in literacy by developing teher Sublt and pedagogic knojge of )W text8 can support the development of communication, language and literacy In the earfy years arnl by ensuring children have access to books in their school and home environment. The final outcomes of the research will be piJblish&Y in 2023- 24. In 2021-22: 30 schools, 90 teachers and over 3000 chlldtBn Involved in in Tower Hamlets, Hackney 8Th1 Camden involved in the research 1081 children Teceived a book per month * home as part of the Closing the Vocabulary Gap research project 100% of teachers rated the project effectiv8 100% reported that they gained uNlefstandlng In how to use quality chlldren's Ilterature and t88chlng approach85 to developlanguage and vocabulary and raisa 8ngagam8nt and atlainm8nl in reading and writing., of schools reported increases in the number of pupils demonslrating positive attitudes to readirrfj It has SUPPOrted our teachers in develOng 8 more exciling cumculum for our childr9n in EYFS and Invigorated Iheir approach to teaching reading and wriling. Project Headteacher, M•r¢ois Closlng the Vocabulary Gap Rèsearch ProJ•cl, 20214 Thank you for conlinung to champion children and Ihe rich cultuTr of sfwt811ing, ading, and writing that W8 have. I hope that Ihern 11 come a lime w178n 8 b8lanced literacy curriculum and pgdagLVy that th8 CLPE highligms Is in18gr8led and eml)edded in schcK)Is acftX8S the country. Project Tgacher, Moreors CID8lng tho Vocabulary Gap R•sèarch Projed. 211214 ReflKtlng Raalities The Reflecllng Realities report, identifies and evaluates representation wihin picture books, f iction and non- fiction forages >11 and provides a benchmark lo track and understand progress and a loolkil to support both producers and Consume Df children's lIteratu to be more critically reflective in the move towards a more inclusive fLrture. Alongside publication of the report, CLPE have recVed funding from Paul Hamlyn FOulation to deliv8r a 3-year research project bringing quality represenlalive literature into the cla55room to investigate the impact this has on children's literacy outcomes. The f inal outcomes of the res8arch will be published in 2024-25. 4 Amual R8flactir@ Realitres Reports produced 884 books processed for the Refiecliry Realities Sutvey during 2021-22 10 schools. 30 teachers 2nd 900 children involved in CLPE'S Refleoling Realities in the Classroom Research Programm8 during 2021-22 R8flecfing Re81ities means 8xactly that. Ensuring that our iman8d sfori8s - regardless of g8nm and th8me- inGlude a divorse rnng8 of chIldn Iivifw in our rgal wohd. Sharna Jackson, Author, 20214 Everyon& invofved In publishing 8nd beyond - fron7 concept to wess, lilxarfans to Ix)oksellefS - is sponsible for evaluating the qu81ity of 8 book's elhniG minority reprn$8ntation and it$ overdll corrtenl. rhe CLPES Degrees of ETrsurn offets pTrctical guidance to hong thls crftlqulng pmcess so bLK)k-Industry profèssionals and educato dony need to 17ead-scratch when evaluating bwks for themselves. Fabla Turmr, foundar ol th• J¢rkho Prlz•, 2021-2 Pagel 7
The Centre for Llteracy in Prlmary Edu¢atioTr IA Gornpany Llmlted by Guarantse) Trustees Report For the Year Endod 31 August 2022 Tho CLPE Pogtry Award, Tho CLIPPA CLPE is the National Poetry Centre for Primary Schools. As part of thls role, we run the CLIPPA - the only avrdrd presented solely f or published chiklren's poetry. As part of the award, we also operate a school shadowiro scheme to engage teachers and children with th8 collections shortlisled for the annual prize, giving wnning schools Ihe opportunity lo perfom on stage with the shortlisted poets at the prestigious award show, %thieh is also livestreamad lo wlder audlences. In 2021-22.. 5 poetry collections involviro 6 poets were shortlisted for tho aw8rd. 190 schools shadowed the CPPA 67 n8w poet videos were PTodu¢ed lo support ¢hildren's erb3agem8nl with po8try In the classroom. new T8h1n9 sequenc8S Were viritten for the 5 shortllsted titles to support the teaching of poety in the classroom. 782 dIenCe Mernbe Yralched the live award sh)w al the Southbank Cent At Swafflgld, we hav8 found the CknPPA Sh8dowing Scheme to be a brilll?nt way for our 19 school cornmunity lo engage with and deliver performance ptry. 11 provides us Mth everything ne8d8d to expose chIldn and taochets lo &xcellent materr81 from both EllnOwn and new poets. It offers new and exciting material Spanning a wide rang& of poetic devices arKJ giv8s us Ihg all the resourc@s to deliver il in a ftpsh and dynamic way acn)ss the entire s¢hool. Joan Bgnnott. Y•ar 6 Tèach•r, Swaffhld Prlmary School, 2021.2 Being shortlisted for th& CLIPPA 8nd being Invofved in all the activity around the award has provided me with muGh lawer platfom and audienGe for my work than I'd hav& nonnally had, as w811 as an invaluable opportunity lo WO alongside other poets and ¥WFters. ltre seen th6 impact on sch1 visil bcokings as well as sales of my shortlisled collections. Il's gTrat to have the videos and souOS to Trcomrnend to sohools, and it's always fantastic lo se& the impact of the shadowing scheme and ¢0 meet th8 schools. Matt Goodfellow, CLIPPA Shortli$t¢d Pogt. 2021 and 2022 Rai$lng the proflle of quality children's literature At CLPE, wa want to devdop close working rdatiornships vAlh key partners aThJ publish. to become the brfdge between schools and high-quallty books. Our Literacy Librdry and Corebook5 sdections highlight the best of childtBn's litgrature for the curriculum and book provision, curated by our librarian aThJ expert teaching team. We work with a range of ehildren's publish8rs and partners to produce teact4ng not8s, promote high-quality books, hosl book launches cute Liloracy Library Pr8sents events, as well our librarian recommendir books IhroLNJh the Phoebg's Picks ITLStagram videos and booklisls. In 2021-22.. 60 new f ree teachlng resources were created to support the use of books in the classroom 18 new f ree teaching resources were created to support books shortlisled for major awards 7 book events look place to promote the use of quality literature 22 Authors. illustrators and poets partnered with us in our wo rf( 358 books were given Avrdy to schools as p*t of promglions and competitions Working with CLPE is always 8 joy. Their creatwity and enthuslasm for brilliant GhildTrn's books is infeclious. WeVe wothed with CLPE for a number ofye8rs now on v8riOUS teaGhing resources, and the material they produce is always excellent and incredibty in4fepth. Sarah Kirnmèlman. Andernen Prèss, 20214 Working with the CLPE is such a joy and 8 pleasurn. The team have such passion, coml)ined wifh a powerful depth of knowl8dg8 and expertise. Ow values are very closely aligned al the impact they hav& on te8Ghing acliGe and thus children's expertenc6 of quality literature is a tnje fwce for goc%l - both educati1lly, but also in life outcomés. Jo HwnphreysiJavl•• and Peter Smlth. Wal(er Books. 2021Q Pagel 8
The Centre for Litera in Prlmary Education {A Company Limited by Guarant8•) Trustees Report For the Year Endod 31 August 2022 Publlc benefit The Charfty has had regard to the Ch&ity Commission's guidance on public benefit. We work to improve the life chances of children by ensn9 that every child has access to quality experiences of liter8cy and that 811 teachets have the kno8dge and resources lo support children bOme conf ident, happy and enthusiastic readers and writers, with all the bgnefils this brings. We help schools lo leach literacy in the most effective way. Our Irdining resources are all based on credible research and on the principles of effective continuing professional dgv8lopm8nt. All the money we make f rom ourlraining courses and materials is used lo add to ourf& resources, fund research and f ind out rnore about how lo support children's devdopiThJ litaracy. We've contSnu8J lo wort wth First Story, Driveryoulh Trust and the Fair Education Alliance. as part of a Literacy Advocacy Group to bring together key literacy organisalions lo make the case for future and fther govemmenl funding for support for teachers and develop a manifesto for change. We have also maintained and dev81op8d partn8rships with independanl booksellers incILlTrg Letterbox Library and Pelerfs Books as well as giving away wnore than 350 books to primary schools Ihrough ourcompelilions
FridayGiveaways.
Plans fof future pgrlod$ In order to ensijre our sustainability and lo make that we Gan contillU8 to offer a range of high quality professional devdopment to teachers, our plan is to continue lo offor a full programme of online training alorsIde our face lo face training, and to f ocus on making our Membetship programme a value for money access route lo all our resources for schools. that are conllnuously updat1 wth o ur latest IESearch findings. Our online programme and our Membership supports schools to access ourservices In an affordable way en th8 curTent economic laScape stretches school budgets and makes attendance al face lo face Iralning challengiThJ. W8 were pleased to be rgcognisgd as a National Portfolio Organisation by Arts Council England and we plan to build on this recognrtion with our research into the importance of inclusive children's books, the significance of picture books lo d8V81gping literacy and our r8nown8d wod( highlighting children's poetry. Core funding from ACE aThJ other trusts and foundations will help us lo ensure we eon maintain the quality of o free resources and to subsidise our aclivites so that we can avoid price incre8se$ rf possible. We continue to benefrt from funding for our research programmes in Earty Language and inclusive literdturn and are planning new searCh projects to support our work in the futu. This f unding for research ensures we can continue to add to our expert kn0rfedge and dlssemlnate that new knovAedge to our communlty of Schools. Teachets and Partners. Flnanclal Revlew The pandemic caused a sudden halt in the demand for face lo face CPD and this exaceal a trend that we were beginnirYJ lo see before 2020. We were already considerirffJ online training as a response arml have built an affordable and flexlble programme over the last years. The onlSne off8r has now become a pemianent part of our programme and is a significant proportion of our incom8. We have been supported wlh funding from ALCS arKI the Arts Council in support of our annual poetry award, f rom the Mercerfs Foundation for our Improving Vocabulary projac* and Pa Hamlyn Foundation and th& Arts Council for our work on Reflecting Realities in Childrens, Literature. Trnining income has fKII retumed to pre-pandemic 8mounls but the charity has earned a greater proportion of ts totsl income in 2021122 than the prior two years, given the support fromthe Govemment and Funders througho the pandemic. This year, fees lorallending our training and from our education81 resources wer& 75Vo ol tota income12020121.. 63¥ts1. income generated f rom grant f undir¥J, donations and sponsorship were 19Yo12020121'. 33%) and income from rent and hire fe6s generalwj from our Centre were 50A12020121'. 3Yol. CLPE continues to follow demarKI f rorn our benef iciaries by shifting focus betwe our service streams. Each has very different direct cost structures. which means Ihal financial forecasting and operational planning include highar degree of complexity and CertainlY than previous years. We will continue to deliver ours8rvices in lin8 th our slralegic plan, which is focused on rebuilding reserves over the next 3 years. by seek ing support from charitab18 organisalions while wè grow our Membetship offerto help CLPE again be self-funding. Our successf bid for funding a8 8 Nation81 Portfolio Organisation for Arts Council England wll support us greatty in this aim. Pagel 9
The Centre for Literacy In Primary Education (A Company Llmltsd by Guarantee Trustees Report For the Year Ended 31 August 2022 Unrestricted reserves have fallen below the target operatlTrJ reserve level by £97k. Du9 to the continuirwJ shlfl in our activities, we have considered thetber there is an impairment ol any of our asset values but identified none. Going concern The Trustg8s are confident that the charity is a goiTrJ concem on the basis that the organisation can ¢ontinue to meet ils obligations for the foreseeable future. Trustees receive the finance rBPOrts each tam, aThJ consid8r major dependencies and potential mitigations Wthin the risk assessment reviewed at meeting. Investment Policy The charity's f urKJs are expect8d lo be spenl in the medium temi, so there are rn funds held in inveslments. CLPE is placing available cash into short term savings accounts to benefit f rom Interest rate5 that have started to improve after being very low for a number of years. Reserves Pollcy This policy is review¥J regularty in line with our strtegic plan. The current total res$rves stand at £315k. £84k of vkniGh is restricted for us8 on three ongoing f unded PTojecls. h decldlng the level of r8seNes that the charfty needs lo hold, the Iruslees consider vA)at the reseNes are rgpresenled by in lem8 of net assets, and Ihereforg what funds are fredy available to speThJ on any of the htY'S purposes. The Trustees consider the funds f reely avai18blg to spend, lo be lim Ilaj lo Ihg nel value of assets and liabillties that represent cash, or are rpadily converte(J into cash. On thi8 basis, cash fUS available exceed our total res8rves, therefore the Trustees consider the f £315k total Teserv9s are avaliable funds. Taking into account th8 resouroes needed for working capital to cope wth f ILKtU81ions In cash flow, al an assessment of the major risks lo %thich the charity is exposed, the Trustees have delemiined that an appropriate level of funds to designateas an operating cost reswve should be broadly equivalent lo 3 months operating costs plus a further 3 months, rent. As at 31 August 2022 this equates to £328k. Current unreslricled reseN8s of £231k are below th8 largeled operating Gost reserve. The Trustees considèr that this is a satisfaGtory postion and that CLPE 1$ able to weather the continuing uncertainll8s of thecoming financial year. This policy Is revies%ed regularty in line wth our strategic plan. which is f Ocu$ on rebuildiThJ reserves over the next 3 years, after potenli81ty dipping furthor into tham in 2023. Structure. Governance and Management Racrultment and Appointment of Truste9S There are 12 TNslees for the charity share their extensive expertise from backgrounds In &Jucalion, publishlng. f inance, law and local govemmenl to support the WOTk of the charfty. Truslees reviewed the skills, knoledge and expertise of the board as well as the committee strucluw to ensure that the board is fit for puOSe to deliver the new plan. h 2021, aware that long setving trustees were coming to the end of thr lefflis. implemented a strategy of caref ul succession planning. We adjusted our Articles to allow to appoint 16 trustees and temporarily increased the numb8r of tTUStees from 12 to 16. This ensured that new tru5t88s can be mentored appropriatdy before long-serving trustees finish their tarms. 4 new trustees were appointed wilh skills and experience that wid8n the Boards combined skill sets in the areas of commLmications. matheting. HR and publishlng. We also kgen to ensure that our bD8rd reflted the diversity of our nation and worked hard to ensure that we recruited new twstees from a diverse range of backgrouThls. Our long- standing Chair and Vicechair carne lo the end of their terms at the of this year arvj the board undertook process of application, interview and appointment resulting in two new appointments wth effecl from the 1st September 2022. Risk Management Throughout this year, the Board of Trustees has conducted a regular revlew of the major risks lo whlch the charity is exposed. A risk rg3iStgr is discussed at every commilleè and full meeting and updated as a cOnSuence of these dlscussions. Vvhere appropriate, systems or procedures have been established to mitigate the risks th8 charity faces. While continuè to benefit f rDm support f rom Funding enabling CLPE to maintain and improve our seNices, this is identif led As a risk as the availability of Funding can be inconsistent. In the Gurrenl climate for charities and schools, our plan to be f ully self-SUStaining is expected to lake a further vo lo three years. Inlomal control nsks are minimised by adherence to our Manual of Authorities. Procedure8 are in place to ensure complia18 wth health and saf ety of staff. volunteers, clients and vlsilor5 to the centre. Th8s8 procedures are periodically reviewed to ensu that they continue to meet thè needs of the charfly. The Page | 10
Tho Centro for LiternGy in Prfmary Educatlon IA Company Llmlt•d by GuaTontg01 Trustee$ Report For the Year Ended 31 August 2022 risk assessment, and procedures for mitigating h&allh and safety coTrn5idorations, were expanded lo cover risks a8soclated wllh the paTrJemic. Organ18atlonal Structure The Charit8ble Trust was sel up in November 2CM)1 when the organ19811on was transferred from Local Educallon ALrthority ILEA) control. CLPE is a regisler8d charity arKJ a comp8ny limited by guarant88. ks registered off its is as shown on page 1. tt is govemed by ils Articles of Assoclatlon. The management of the Charfly 15 the responslbility of the Truste8S who are appoir7t8d under the tenns of the Articles of Association. Th8 CLPE has a Board of Trustees that mgets gach lemi, thgre is also a Finance and HR commlttee and an Op8rdtions and Evaluation Committee. Tnjstees are provided with ¥n induction pack whl¢h Includes the Articles of the Company, infomiation about the duties and rgsponsibilities of charity In4slees and further Infomiation from the Charitl8s Commission. 7here are currently 12 Tnjstees wlh a variety of professional backgrounds relevant lo the WO of the charity. There are special projects groups convened by the boarrl to develop various projects and the lorKJer term strategy. Th8so groups are advisory rather than a decision making bodie5 bul do have lemis of reference agreed by the full trustee board and report to the f ull trustee meetings. Day lo day responsibility for the provision of the services rests with th8 Chlef Executive along wth the sl0r Leadership Team. This is guideé by a Manual of Authoritie5 which is reviewed annually. The Chief ExecLrtive is responsible for ensunng that the charity delivers th8 services specrfled and that key performance ind icatOTS are met. The Senior Leadership Team has responslbilily for the day404Jay operdlional management of the Centrp. IrMe gen8ralion and individual supervision and developmenl of the staff team. R08ponsibilitie$ of TNstees The Trustees ltho ar8 the directors of The Centre for Literacy in Primary Education foi the purpose5 of CoMpY law) are responsible for preparing the Annual Report a1 the f inancial statements in accordance wth applicable law and United Kingdom Accounting Standards Iuniled Kingdom Generally Accepted Accounting Practic&). Company law QUitEs the TnJ5t88S to prepare f inancial statements for each financial year. which give a Inje and farvlew of the staleof affairs of Ihecharilable company 2nd the incoming resources and applicalionof resources, includir¥J the income and expenditure, of the chantable compwty forthe year. In preparing these finanGial statements, the Trustees are required to: select suitable accounting policies and than apply them consistently. observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent,, state whethèr applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and eXplned in the financial statements., pware the f inancial statements on th8 going conceffl basis unless 11 Is inappropri ale to presume that the chartlable company wll continu8 in operation. The Truslees a sponSible for keeping adequate accounting records that ar8 sufficient lo show and explaln the charitsble company'8 trydnsactions and disclose wth reasonable accuracy at any time the financial posilwjn of the charitable company and enabl8 them to ensure that the financial stal8menls comply wllh the Companies Act 2006. They are also responsible for safgguarding the assets of the charitable company and hence fortaklrg reasonabl8 steps for Ihe detection and prevention of fraud and other irreouiaritigs. Pagel 11
The Cgntre for Llteracy In Primary Edu¢atlon (A Company Llmlted by Guarantee) Trustsgs Report For the Year End•d 31 August 2022 Statgmgnt of dl$¢losur• of inforniatlon to audltors The Trustees have confimied that, so far as they are aware, ther8 is no relevant audit infomialion of whlch the Company's auditor¥ are unawAre, and that tY have taken all the steps that they ought to have taken as directors in ord8r lo make themselves aware of any relevant audit i nfomiation and to es18blish that Ihe Company's auditors are aware of that infom)ation. Preparation of the report This port of the Tnjstees has been prepad taking advantag8 of the small companies exemption of section 415A of the Companies AGt 2006. Audltors The trustees have appointed Goldwin5 as thelr auditorn. Goldmns have accepted this appointment under Section 485 01 the Companies Act 2006. This report wag approv*J and aulhorised forissue by the Trustees on by: 12 fcb 2b2Lnd sign8d on their beha erlne Rose Chair of Trust905 Page112
Indopendent Audltorfs Ropgrt to thfj Mombors of Th• Contre for LiteraGy in Prlmary Educatlon Oplnlon We have audited the financial statements of The Centre for Llleracy in Primary Educatlon (the 'charilable company'l forlhe year ended 31 August 2022 which comprise the Statement of Financial Activities. the Balance Sheet. th8 Statement of Cash Flows and the related note5 to the f inancial statamants, including a summary of signif icant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Uniled KirvJdom Accounting Standards, includlng Flnancial Reporting Standard 102 'The Financial Reporting StarKlard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accept&1 Accounting Practice). In our opinion the financial seMentS-. give a true and fair view of the stale of the charitable company's affairs as al 31 August 2022 and of its income and expenditure for the year then ended- have been propedy prepar&J in accordance wlh United Kirodom Generally Accepted AGGounting Practice. and have been prepared in accordanGe wth the rwuirements of the Comp anies Act 2006. 88818 for opinion We conducted ouraudit in wxordance th Inlemalional Standards on Auditing (UK) IISAS (UK)) atKI 8pplicab law. Our responsibilities under those standards are further describ1 in the Auditorfs responsibilities forth e auijit of the financial slalemenls secllon of our report. We are independent of the chaiitable company in accordanGe with the olhical requir8m8nts that are r818vant to our audit of the f inancial statements in the Unitgd Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other 8lhical responsibilities in accordance wth these requirements. INe believe that thè audit evidence we have obtainj is sufflcSent and approprfate to provlde a basls for our opinion. Concluslons reladng lo golng concern In aud iting the financial statements, we have concluded that the diwlorfs use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed. we have not identif led any material uncertainties relating lo everrts or conditions that, individuallyorcolleclively. Tnay cast signiflcantdoubtonth8 charity's ability lo continue as a goir¥J concem for a perfod of at least 12 months from en the flnanclal statements are authorised for issue. Our responsibilities and the responsibilities of the direclors wlh wpect to going Concem are described in the relevant sections of this report. Other inforniatlon The other infomiation comprises the infomialion included in the trustees, annual report other than the financial statements aThJ our audilorfs report thereon. The tNslees are responsible for the other inf omalion contained within the annual report. Our opinion on f inancial statements does notcover the other infomiation arKI, except lo the ext8nt oth8NAsa expllcltly stat8d In our report. we do not express any fom of assurance conclusion Ihereor). Our responsibility is to read the other inlom)ation and. in doiro so, consider whether the other infomiation is maleri811y inconsistent with the financial slalements or our knowledge obtained in the course of the audit, or olhewise appears to be malerfally mlsslated. ff we Idenllfy such materfal InC0S1StenCl es or apparent material misstatements, we are required to detennine whether this gives nse to a material misstatement in the financial statements Ihemsdves. If. based on the Wrk we have perfomied. we conclude that there is a material misstatement of this other infomalion. we are reqimred to report that fact. We have nothSng to report in this regard. Oplnlon on olher matters proscribed by the Companies Act 2006 Page | 13
Independent Audltor's R9POrt to the Membgrs of The Centre for Literacy In Prfmary Education kn our opinion. based on th8 WO undertaken in the course of the audit: the infomiation given In the TnJste95' Reporl vhich includes the directors, prepared for th8 pU10s85 of company law, forlhe financlal year forwhich the f inancial statements are prepared is conslstent wth the financial statements., and the directors, report inclLtded within the trustees, report has Ihavel been prepared in Cordance With applicable leg81 requirements. Matters on which we are requlred to report by exGeption kn the light of our knoedge and under51aThJirKJ of the charitable company arKI its 8nvironment oblaine(J in the cours6 of the audtt, have not id&ntified material misstatements In the Trustees, Report. We have nothing to report in r8spect of Ihefollowing matter9 in rdalion to ¥thich the Companies Act2006 requires us to report to you rf, in our oplnion.. adequ*e accounting records have not been kept, or r8tums adoquate f0r0uraJit have not been received from branches not visited by us; or the financi statements ar8 not in agr8ament wth the accounting records and retums.. or certain disclosuTgS of Trustees, remuneration specified by law are not made,. or we have not received all the infomalion and explanations ¥%e require for our audit-. or the trustees were not entitled to prepare the financial stalemenls in accordance wlh the small companies regime and take advantage of th8 small companig5' exemptions in preparing the TTUStges' Report and from the requirement lo prepare a Strategic Report. R•spon$lbilltle8 of trustees As explained more fully in th8 Trustees, Responslbilities Statement. the Trustees (who are dso the dlrectors of Ihe charity forthe purposes of company lawl are responsib18 forthe preparation of the financial statements an(J forbeing satisfied that they give a true and fairview, and for such int8mal control as the Trustees delemilne Is necessary to enable the preparation of financial statements that 7Ae f ree from material misstatement. vhether due to fraud or Or. In preparing the f inancial slalement5, Ihe Trustees are resportsible for assessing the charitable company's abilty to continue as a going concem. di5Glosing, as applicable. matters related to going conG8m and u51ng the goir concem basis of accounting unless the Trustees either intend to liquidate the charilable company or lo cease operatlons or have no realistic allemative but to do so. Audltorfs rgsponslblllties for tho audit of the financlal ststemen18 Our Obl11¥e5 are lo obtain reasonable 8ssuranGe aboLrt whether the financial statements as a whole are free f rom material misstatement, ether due lo fraud or error and lo issue an Auditorfs Report that includes our opinion. Reasonable assurance is 8 high lev81 of assurance but is not a guarantee that an audit conducted in accordance with ISAS IUKI TMII always detect a materi81 misstatement Yth8n it exists. Misstatements can arisg from f raud or emr and are considered matenal if. Individually or in the aggregate, they Could r&qsonably be expected to inf luènce the Konomic docisions of users taken on the basis of thes6 financial stslements. Irregularities. including fraud. are iNstances of non<ompliatxe vJith laws and regulations. We design proceduros In line with our responsibilities, outlined above, tu detect materi81 misstalemenls in respacl of irregularities. includlng fraud. The extent to vthich oui procedures ar& capable of detecting irregularili&s, includirYJ f raud are sel out below. PaJe | 14
Indwndent Audltoffs Report to the Mgmbgrs of The Centre for Lltsracy in Primary Education C•pablllty of the audlt In detectlng Irregularltles In identtlying and assessiry risks of material misstatement In respect of irregularities. includiro f rdud and non- compliance wlh laws aTrJ regulations, our procedures included the folk)wing- We enquir8d of management, which Includ obtaining and reviewirrfJ supporting documentation, conceming the charity's policies and procedures relating lo.. Identifying. evaluating, and cornplylng vhth law5 and regulations and thether they were Inslan¢es of non-compliance.. Delecling and responding lo the risks of frnud and ether they hav8 knoledge of any actuat. suspe¢ted, or alleged fraud., The intemal controls 8slablished to mitigalo rtsks rglated to fraud or rK)n<ompliance with laws and regulations. We inspected the minutes of meetings of those charged wth govemance. We obtained an underslarKlir¥J of the legal and regulatory f ram8wort( thal the charity operate5 in, focuswy on those laws and regulations Ihal had a materi81 effectonthèfinancial slalemenls orlhat had a f undamenl eff8Ct on the operations of the charity f rom our professional and sector eXperiere. We reviewed the finanGial statement disclosures and tested these to 5UPPOrting documentation to assess ompliance with applicable laws and regulations. We perfomied analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misslalement due to fraud. In addressir¥J the risk of fra through mantyemenl override of controls. we teslwj the appropriateness of joumal entries and other adjustments. assessed ethOr the judgements made in makiro accounting estimates are indicatSve of a potential bias and tested significanl transactions that are unusual or those outside th8 rKJrnal course of business. aware of any Because of the inherent limitations of an audit, ther9 is a risk that rKIt detgft all irTegularilies. includiThJ those leading to a material missL*ement in the f inancial stslemenls or non<ompliarKe wth regulation. This risk increases the more that compliancevrtih a law or regulation is removed from the events and transactions reflecl8J in the f inancial statements, as we wll be less likely lo beeome aware of instances of non<ompliance. The risk is also greater regarding irregularities occurring due to fraud rather th8n emr. as fraud involves intentional concealmènt. forgery. collusion. omlsslon or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website al: www.frc.org.uklaudilorsresponsibilities. Thi5 description fo5 part of our auditorfs report. Us8 of our report This port is madesolelyto the chantable company's memb8, as a body, in ¥cordancewth Chapter 3 of Part 16 of the Companies Act 2(_ Our a111 work has been undertaken so that we might state lo tho charitab18 company's members those mallers we are required lo stale lo them in an Audilorfs Report and for no other purpose. To the fullest exlenl pemiilled by law, we do not accept or assume responsibility to anyone other than the charitable company aThY its member5, as a body. forour audit work. forthis report, or f or the Op1rOnS have formed. Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Audltor Chartgred Accountants 75 Maygrove Road West Hampstead London NW6 2EG Date.. 28 February 2023 Page | 15
The Centre for LlteraGy in Prlmary Education (A Company Llmitsd by Guarant¢o1 Slatsment of Financlal Advltles Ilneorporating Income and Expenditsre Account For the Year Endgd 31 August 2022 Unrestrlctod funds Rastrictgd funds 2022 T¢*al fvnd$ 2022 Total funds 2021 Note 2022 Incomg from: Donations Charitabl8 aclivllies Oth Ir8ding activities Investments 24.628 1,031,695 69,029 640 10,CQO 230.916 34,628 1,262,611 69.029 640 312,745 1,036,657 45.619 799 Total Income 1366 908 1395 220 Exponditurn on: Charitable aclivilios 1.263,010 232,607 1,495.617 1,352.81T Tolal expendire 1,263 010 1,495,617 1,352,817 Net movament in funds {137,018} 8.309 1128.709 42,403 Rèconciliatlon of lunds: Total funds brought fomard 17 368,124 75.783 443,907 401.504 Total funds carrlod forward 231.106 315.198 443.90T All of the above results are derived from continuing tIvIties. There were no other wognised gains or losses other than those stated above. The altached notes fom) part of these financial stalemenls. Page116
The Contre for Uteracy In Prlmary Educatlon (A Cornpany Limit8d by Guaranteg) Balance Sheet As at 31 August 2022 Fixed assets: Tangible assels kntangible assets 11 151,343 68,460 219,803 215,499 92, 622 308, 121 12 Current assots.. Stocks Debtors Cash at bank and in hand 13 14 15,891 109,368 418,684 543,943 18,558 172,920 642, 101 773.579 Creditovs: amounts falling du8 Within on8 year 15 410,215 589.460 Net ¢urrènt assets 133,728 184, 119 Creditors.. amounts falling du9 after one year 16 (38,333) (48,333) Total net assets 315,198 443,907 Charlty Funds Restricted f unds Unreslricled funds 17 84,092 231,11 75, 783 368. 124 Tolal fvnds 315.198 443,907 The charity's financial slalements have been prepared in ¥cordan¢e wilh the provisions applicableto compani subject lo the small Companies wime. The f Inanclal statem8nts were approv1 and authosad fOriss by th8 Trustees on signed on their behalf. by-. rHrx( 2oZ3 and *rlne Rose alr of Trustees The attached notès fonn part of these f inancial statements. Company reglstratlon number: 04385537 Page | 17
The Centre for Llteracy In Prlmary Educatlon (A Company Llmltsd by GuarantO01 Slatement of Cash Flows For the Yéar Ended 31 August 2022 2022 2021 Cash flows from operatlng actlvltles Net cash (used inyprDvided by operating aGtivities 19 1214057) 294,622 Cash IIow8 from Invostlng activltles.. Cash flows f rDm inlerest Purchase of tangible frxed ass8ts Purchase of intangible flxed assets Net cash vsad In inStIng aGtivilies 199 {13,336) 6,649 {109, 786J 640 Cash flows from financlng aGtivltie8: Cash inflows from new borrowing Repayments of borrowing Cash provided by I (used In) financlng activllles 10.000 (10.0001 1,667 {t,667) Chango In cash and cash equlvalents In th• yoar {223,417) 183.169 Cash and cash equlyalents brought forwdrd 642.101 458,932 Cash and ¢ash equivalents carrled forward 418.684 Page | 18
The Centre for Lil•ra¢y in Prirnary Education IA Company Llmitsd by Guarant991 Notes to the Flnan¢lal Ststsments For the Year Ended 31 August 2022 Accounting Pollclos 1.1 BaBI8 of praparation of financlal statemgnts The financial stalements have been prepared in COrdanCe with Accounting and ReportiNJ by Charflles= Statement of Recommended Practice applicable lo charitieg pparing their accounls in accordance with the Financial Reportir*J Standard applicable in the U K and Repvblic of Ireland IFRS 1021 <efftIVe 1 January 20151 (Charitles SORP IFRS 1021). Fin8nci81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2006. Th8 Centre for Llteracy Sn Primary Education mgels definition of a publlc benefit entity under FFS 102. Assets and liabllitles are inttlally recognised at hi$tori¢al cost or transactlon value unless olherw5e stated in thg rd9vant accounting policy. 1.2 Company ststu8 charity Is a company Ilmited byguarantee. The memb&5 of the company are the Trustees named on page 1. In the event of the charity being Und up, the liability in respect of the guarantee Is Ilmit8J to £1 per member of the charrty. 1.3 Fund ¥nting General funds are unrestricted f unds whlch are avallable for use al the discretion of the Trustees in f urthwanee of the generdl objectives of the charity and which have not been designated forolher purposes. Designated funds comprise unftstricled funds that have been sot aside by the Trustees forparticul purposes. The aim and use of each designated f 15 set out in the notes lo the flnanclal slalemenls. R8stri¢ted funds are funds lch are to be used in accordance with specific rostriclions impos8J by donots or %lch have been raisgd by th8 charity for particular purposes. The costs of raising and administering such f unds are charged against the speerfic fund. The aim and use of each restrict1 fund Is set out In th8 notes to the f inancial statements. Page | 19
Tha Centre for Llteracy in Primary Educatlon (A Company Llmlted by Guarant•el Notss to tho Flnancial Ststgments For the Year Ended 31 August 2022 1.4 In¢om• All Income is recognised once the charity has an entitlement to the income. 11 Is probable that Ihe Income wll be received and amount of income receivable can be me8sured reliably. Donalgd seThices or facilities are wognised when fv charity has control over the item, any conditions associated with the donated Stem have been mel, the receipt of economic benefit from use of th8 charity of the Item is probable and that economic benef it can be measured reliably. accordance with the Charities SORP IFRS 1021, the general volunt88r time of the Frfends is not recognised and refer to the TnJstee5' Report for more infomiation about their contribution. On recelpt, donated prof essional services and donatfyj f acilities are recognised on the basis of the value of the glfl to the Charity vthSch is the amount the charity would have been wlling to pay lo obtan services or facilib8s of equivalent economi¢ benef il on the open market.. a corresponding amount then recognised in expenditure in the period of receipt. Voluntary inwme is received by way of grants, donations and gifts and is included in full in the ststemenl of Fin8ncial Actlvities when receivable. Grants, where enlillem8nt is not conditional on the ddivery of speclfic perfomiance by the charfly, are recognIs when the charty beconE unconditionally entitled to the grant. Bank interest is in¢Iled when reGelvable. Income from charilablg trading activity is accounted for when eamed. Income fTom grants wherg relat lo perfomiance and specrfic delerable is aGGounted foras thg charfly eams th8 right lo consideratlon by ils performance. 1.5 Expenditure Liabilities we recognise(J as expenditure as soon a5 ther8 is a legal or conslructlve obligatKJn commilling the charity to that expenditure, il is probable that settlemenl will be required and the amount tsf the obligation can be measured rdiably. Expendllure is accounted for on an accruals basis and h88 been included uThJer expense c8teg0ri8S that aggregate all costs for allocation to activities. Where Gosts cannot be directly allribuled particular activitie5. they have been allocated on a basis conslsl8nt with the use of the resources. Support costs are those coslg incurred direcdy in support of experKliture on the objects of the eharlty. Governan costs are those InCUff in connlI0 wlh tha administration of the charity and compliance wllh constitullonal arKI statutory requirBments. Charitable tivItieS and Gov8m¥rte costs are costs incurred on the charity's educalional operatio, irKIlIng support costs and costs relatlng to the govemance of the Charity apportioned to charitable activities. All expenditure is incluslve of iTheooverable VAT. Page120
The Centre for Llteracy In Prlmary Educatlon IA Company Limitgd by Guarnntee) Nots8 to the Flnanclal Slatements For the Year Ended 31 August 2022 1.6 Fixed assets and depreclatlon Tanglblg flxed a55ets All assets costing rnore than £500 are capitslised. Tangible fixed 8ssets are carried al cost or valuation, nel of depreciation 8nd ary provision for impaimenl. Depreciation is provided at rates calculated to vhite off Ihe cost or valuation of a5sels. less their estimated residual value, over their expected usef ul lives on the following bases- Leasehold improvements brary Fumiture and fittings Computers and equipment 20% (5 year5) Straight line Vlith nil resldu81 v81ue. 12.50¥4J 18 years) Straight line with nil residual valu8. 20%15 years) Straight line vhth nil residual vdue. 25 1014 year5} Straight line th nll residual value. 1.7 Intangible assets Websitè development costs are capllallsed as intangible assets only Ihe follovAng crherfa ar8 met.. lil il is lechnicalty feasible to complete the product so11 vhll be available to use,. lil) management ntends to complete the product or sell it., liiil there is abiltty to use or sell the product., livl it can be demonstrated how the soflwdre product will generate f ulure economic benefits,. Iv) the expenditure allribulable lo the product during Its development can be moasured reliably. Website developme costs are amortised ov8r their u88ful economlc I9 of 4 years. 1.8 Oporating leases Rentals under operaliro leases are charged to the Slatttnenl of Financial AGtivitI on a straight4ino basls over the lease temi. Benefits raceived and CeIVable as an incenlNe lo sign an operating lease are recognlsed on 8 slraighl-line basis ovw Ihe period until the date the rent Is èxpected lo be adjuslay lo the prevailirg market rat9. 1.9 Stocks Stocks are valued at the lower of eosl2nd net realisable value after making due allowanc8 f orobso a1 slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed a)Y varfable overheads. 1.10 Interest receivable Interest on furKls held on deposit is included then recgivable arKI the amount can be measured reliably by the charity.. thi5 is normally upon notif ication of the intgrgst paid or payable by the Bank. 1.11 Debtors Trdde and other debtors are recognised al the selllemenl amount after any trade discount off8r8J. Prgpayments are valued al the amount prepaid net of any trade dlscounts due. 1.12 Cash at Bank and in hand Cash al bank in hand in¢lLKles cash and short lem highly liqind investments with a short maturity of three months or less f rom th8 date of acquisition or opening of the deposit or sirnilar account. Page121
The Centre for Lltsracy In Prtmary Education (A Company Llmltsd by Guarantse) Notes lo the Flnancial Statements For the Year Ended 31 August 2022 1.13 Llabllltlgs and provisions Liabilitles are re¢ognised vknen th8re is 8n obligation al the Balance Sheet d*e as a result of a past event, il is probable that a transfer of 8conomic benefit 11 be required in s8lllement. and the amount of the settlement can be estimated reliably. Liabilrties are recognised at the amount that the charity anticipates it wll pay to sellle th8 d8bt or the amount rt has rec8lved as advanced paymenls f orthe goods or seNlces it must provide. Provisions are measured at the best estimate of the amounts Tequired to settle the obligation. Where the eff ecl of the lime value of money is material, the provisvjn is based on the present value of Ise amounts, discounted al the pre-tax discount rale that reflects the risks specific to th8 liability. The unwindiro of the discount is recognised within interest payab and similar charges. 1.14 Pensions Staff up to 2Cx)84)g wer8 eligible for membershlp of the Local Governm1 PeThsion Scheme ILGPSI. administered by the London Borough of sohwa, which acts as an Adminislerirg Aulhorily. The scheme was closed to new staff during IhAI y8ar. The Local Government Penslon Scheme was defined benelll scheme based on f inal penslonable salary. bul from The Centre forLileracy in Prlmary Education's perspectiv8 became 8 defingd contribution scheme during 2013-14. Pension costs charge(J In the Statement of Financid Activitie5 represent the contributions reComended by the in(Jependent actuary and payable by the Gharity in th8 year. Staff not In the Local Govemment Pension Scheme are eligible for IrlUsion in a definwj contribution scheme. ContribLrtions are Charg lo the Statement of Financial Activities as they becom8 payyb in accordance wth the scheme. 1.15 Critical accounting eslimates and areas of judgment the applic81ion of the Comparry's accountiw policies. the dlrectots are required to make jLKlgemenls. estimatgs and assumptions about th8 carrying amounts of assets and liabilitie5 that are rn)t readlly apparent f rom other sources. The estimates and associated assumptions are based on historical experience and other factots that are considered lo be relevant. Actual results may dlff from these estimates. The eslimales and underfying assumptions are reviewed on an ongoing basB. Depreciation and accwals are the areas vthich give rise to judgement and estimates. Pe1 22
Th• C•ntrn for Litaracy in Primary Education (A Company Llmlted by Guarantoe) N¢ts8 to th8 Flnanclal Statements For the Yèar Ended 31 August 2022 In¢om• from donatlons Unrestricted funds 2022 Restrlcted funds 2022 Total fund$ 2022 Total lunds 2021 CLIPPA Awards 10,000 10,OIXI iO,IKty) Funding 24,628 24,628 302, 745 Total donations 24.628 10,000 34.628 312, 745 Total 2021 111,703 201,042 312,745 Income from charitablo a¢tiviti•$ Unr•strictsd Rostricted funds fvnds 2022 2022 Total funds 2022 Totsl fvnds 2021 Power of Reading 747,852 747,852 623, 787 Courses and conferences 165,575 165,575 183.024 Flded projects 230,916 230.916 153.076 Cross sector wjrk 58,897 58.897 28,338 School CPD 55,205 55,205 43,827 Publications 4,166 4,166 1,031,695 230,916 1,262,611 1,036, 65T Total 2021 883,581 153,076 1.036,657 Income from oth•r trading adiviti•s unrtriCted R¢$trf¢tsd funds funds 2022 2022 Totsl nds 2021 Total ndS 2022 Premises income 69,029 69.029 45.619 Total iome from oth8r trading incom8 69,029 69,029 45, 619 Total 2021 45,619 45,619 Income from investrnents Page123
The Centrn for Llteracy in Primary Educatlon (A Company Llmitad by Guarantee) Notes b the Flnanclal Ststements For the Year Ended 31 August 2022 Unrestrlcted Restrlcted funds funds 2022 2022 Total funds 2021 Total funds 2022 Bank interest weivable 199 Total 2021 199 199 Analysls of resources expended by activlli88 Dir•¢t costs 2022 Staff $ts 2022 Support costs 2022 Tol81 2021 2022 Awards & DonAtlor Funded projects Courses and confeffjnc8S Power of Reading Cross sector work School CPD Publication $al88 4,591 121.444 29.612 39.972 7,330 5,039 611 12,595 96,163 84,678 382,466 30,121 28,233 2,131 13,137 15,0(X) 88,321 398,919 31,417 29,448 2.222 30,323 Z32,607 202,611 821.357 68,868 62,720 4,964 286,064 171,305 179,940 3,284 26,671 Expenditure on trading activities= Cost Df generatlng Premises Income 35,303 36,821 72,167 40,211 Total 208 642 671 615 285 1495617 1352817 Page124
The Centre for Litsracy in Primary Education (A Company Limited by Guarantee) Note5 to the Flnanclal Statements For the Year Ended 31 August 2022 Support c¢sts Total 2022 Total 2021 Legal and professional Rent Tglephone IT costs Light and h8at Rates Insurance other premises costs Cleaning Security Publicity and marketing PrinlirrfJ, postage and slalionery Bank charges Other operating costs Wages and salarie5 Depreciation Governance costs (note 81 1,713 79,614 5.853 30,368 13.531 6,392 12,155 29.292 12,156 7,020 74,616 13.741 570 6,334 191.146 88.319 42.465 13 61,506 6.491 42,200 7,495 1. 797 9,405 76,930 5, 790 1, 196 57, 585 947 5,812 172, 749 92.597 36.040 Total 615.285 588,056 The basis of allocation for support costs is according to staff time spent on projects as well a5 actual eXpSeS Incurred. GovernanG8 wsts Unrestrlcted funds 2022 Total funds 2021 Auditorfs remuneration 9,881 919 9. 783 ReimbUrseMt of Trustees, expenses ages arKI salaries Other costs 30.369 1,296 21.368 4.889 Total 42,465 36,040 Page | 25
The Centre for Llteracy In Prfmary Education Company Llmll•d by Guarant89) Notes to Ihe Fln•n¢lal Statements For the Y8ar Ended 31 August 2022 N•t Incom(0Xpenditur0) This is slated after Gharying= 2022 2021 Depreclatlon of iangible fixed assels= - owned by the charity Amortisation of intangible fixed assets Audtiorfs remuneration - audit Operating lease rentals 64,156 24.162 8,333 79.614 66. 779 13,971 4333 61.506 During the year. rKJ ttee recelved any remuneration (2021 £NIII- During the year, no trustee received any ben8f its in kind12021 - £Nil). Duriny the year. Iwo trustee8 receiv6d wmbursem8nl of exp8nses of £919 {2021 Nill- 10. Staff costs Staff costs as follow5". 2022 2021 Wages and salaries Soclal security costs other pension costs Total 740,852 74,965 47,418 863.235 642,480 61.329 55.068 758,877 The aveoge number of persons empbyed by the charity during the yew was as follows.. 2022 2021 No. Educational staff Support staff 14 13 Total 21 The number of higher-paid employees was: 2022 2021 No. In the band £eA),000 - £69,999 In th8 band £70,OCK) - £79,999 In the band £80.¢X)0 - £89,999 Key margerna per50nn81 comprtses of four12021". six) m8mbw5 of senior management and the Chief Executive. The total beneflts received by key manayemenl pefsonn81 in the year amounted lo £361.444 (2021: £361,998). Pag8 | 26
Thg Centrg for Lltsracy In Prfmary Education (A Company Llmitgd by Guarantge Notss ts the Flnanclal Statsm8nts For the Year Ended 31 August 2022 11. Tangibl• fix•d assgts Furnlture Computors and and flttlngs •qulpment Leasèhold improvements Llbrary Totsl Cost or valuatlon Al th8 start of th8 year Disposals 139.221 254,121 35.795 77,706 506,843 111,1601 111,160) At the end of the year 139,221 254.121 35.795 66,546 495,683 Depreclatlon At the start of the year Charge for the year Eliminated on disposal 111.922 22,1 91.503 31,765 28,572 2,316 59,347 291,344 7,174 64,156 111.1601 111,160) At the end of th• y•ar 134,823 123,268 30.888 55,361 344.340 Nel book value At the end ofthe yr 4,398 130.853 907 11.185 151.343 At th8 start of the year 27.299 162,618 18,359 215 499 Page | 27
The Centre for Lltsracy in Prlmary Education IA Company Llmitsd by Guaranlo•1 Notes to the Flnanclal Statsmenfs For the Year Ended 31 August 2022 11 Intangible Fixad Assots Wobsite & App development Totsl Cost or valuatlon Al the start of Ihe year 108,449 108,449 At Ihe and of the year 108,449 Dgpreciation Al th8 start of th8 year Charge for the year 15,827 24.162 15,827 24.162 At the end of the yaar 39.989 39,989 Net book valu¢ At the end of the year 68,460 At the start of lh8 year 92.622 92, 622 13. Stocks 2022 2021 Books stock 15,891 18.558 14. 2022 2021 Trade debtors Other debtor5 Prepayments and accrued income 55,936 2.934 50,498 62.906 50,014 Total 112.920 Page128
The Contr8 for Literacy in Primary Education (A Company Llmlted by Guwantee) Notes to the Flnanclal Statements For the Year Ended 31 August 2022 15. Crndltors: Amounts falllng due withln one year 2022 2021 Tradg creditors Other taxation and Social security Other creditors Accrnals and deferred income 82,041 101,606 21.733 33,836 17,589 27,823 2,852 426, 195 Totsl 410 215 589460 Deferred income Deferred income 81 the start of the year Amounts released from previous year5 Amount deferred in the year 315,332 1315,3321 284,510 Defèrred Income at the end of the year 284.510 Deferred income comprises invoiced or receiv1 in the year relatiro to services to be provided in the next flnanclal year. 1& Creditor8: Amounts falling after one year 2022 2021 Bank108n 38.333 48,333 Total 38 333 48.333 Page | 29
The Centr• for Llteracy In Primary Educatlon Company Llmitsd by Guaranto01 Notes to the Flnanclal Statements For the Year Ended 31 August 2022 17. Statement of fvnds statsrnent of funds - ¢urr&nl ygar Balance atthe 8tart of the year Balanc• attho Transfers end of Inl(out) Ihe yèar Income Expendliure Unrestrlcted funds: Desi nated f unds Operating Cost ReseNe 312.orKJ 16.000 328.000 Gen Generdl reserves 56,124 1,125.992 1,263,010 16,000 ,894 Total unr85tr1ctsd funds 3W124 1,125,992 1,263.010 231.106 Restrlcted funds: Improving Vocabulary ReflectirrfJ Realities 2021 Reflecting Realities Survey 2022 Ref lecting Realities in th8 caa55room CLIPPA 2021 CLIPPA 2022 62,286 91,910 (78.8471 15,6461 {23.936} (96,360} (7,8511 (19,9671 75.349 27,796 3,860 7.851 24,850 4.883 Total rastrlcted fvnds 84092 Total funds 443.907 1366.908 1.495,617 Designatgd Fund$ Thè operatlng cost res8rvg Trpresertts amounts Set aside to provide f inanclal stability should CLPE suff unexpected events. losse8 of income or large unbudgeted expenses. li is Galculaled in line wth th8 R85eNes Pollcy, at 3 mDnlhs opu*ing cost5 plus a further 3 months rent. Restrlcted Funds The Reflecling Realities project is anticipated to be orooing. Th8 2021 and 2022 Surveys have been funded by Atts Council England. Reflecting Realities in the aassroom is a 3 ygar programme f uThJed by the Paul Hamlyn Foundatlon. The CLIPPA Is an award forpublished poetryforchildren in the UK. For the 2021 and 2022 award Fundiffj was received f rom The AutFvJrs Licensing and Collection Society and Arts Council England. Improving Vocabulary is an annual programme. in partn8tship wth Dolly Parton's Imagination Library. It is funded by th8 Charity of Sir Flchard WhittirKJlon. whlch is adminisl8red by The Mercers, Foundatlon. It is expect&1 to run f or 3 years. 17. Slatement of funds Iconlinu•d) Page | 30
The Contre for Literacy In Prlmary educatlon (A Company Llmlted by Guarantoe) Not88 to th• Financlal Statsments For the Yoar Ended 31 August 2022 ststement of funds - wior y•ar 8alance al the start of tha y88r Balance al the end of Ihg year Transfers in/(Lwl) Income Expendilure UnTrstricted funds.. Desi atsd funds Operating Cost Reserrfe 312,tTr? 312.000 General funds General serveS 741 1.041. 102 85,719 56, 124 Total unrestriclgd funds 312, 741 1,041, 102 85.719 368, 124 Restric¢ed funds.. R8fl8Cting Realities 2020 CLIPPA 2020 Impmving Vocabulary R8fl8Cting Realities 2021 CLIPPA 2021 Culture Recovery Fund PcEtry in the Prim*9ry Classroom 10.071 14,242 64,450 (10,077) (14,242J (94. 074) (24,350) (22,099) (191.042J (11,220J 91,910 29,996 29,950 197,042 11,220 62.286 5.646 7.851 Total reslrict8d lunds 88, 763 354.118 67,098 75, 783 Tot81 funds 401,504 1,395.220 1.352,817 443,907 18. Analysls of nat a$sets bgtwogn fund5 Analysls of not asB8ts belwwn fvnds - current year Unrestrictsd R0str1ct•d nds funds Total funds 2022 2022 2022 Tangible fixed assets hlangible fixed assols Current assets credito due within one year Credrtors due after one year 151.343 68,460 459.851 {410.2151 {38.3331 151,343 68,460 543,943 {410,2151 138.3331 84,092 Total 231.106 84.092 315,198 pe1 31
The C8ntre for Lltsracy In Prlrnary Education (A Company Llmlted by Guarante•} Notes to the Flnanclal Slatements For the Year Ended 31 August 2022 18. Analysis of net assgts between funds Anolysls of net assets behveen fvnds - prior yeor Unfvslrictad Restricted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Inlanglble fixed assets Cuffent assets cltorS due wthin one yoar Cr8ditOf5 due after one year 215,499 92.622 697, 796 (s89,4) (48.333) 215,499 92,622 773.579 {589,460J (48,333) 75, 783 Total 368, 124 75,783 443,907 19. RoGonclllatlon of ngt moyemont In funds to net flow from operating activitiOS 2022 2021 Nel expeTrliture for Ihe year las per the Statement of Financial Activiliesl Adjustment for: D8precSatlon Disposals of fixed assets Intere51, rent and dividends from Investments IrKrea$elld&reasel in stock (Increaseydecrease in debtors Increasel{decreasel in cfvditors 1128,7091 42,403 88.318 80, 750 11,847 (199) 8, 776 30.023 121,022 16401 2,667 3,552 1179,2451 Net Gash lused invprovided by operatlng a¢tlvltles 214.057 294,622 20. Analysis of cash and cash equlvalents 2022 2021 Cash in h8nd 418.694 642, 101 Total 418.684 642, 101 21. Penslon commlkngnts Th8 charity's 8mployees belong to or£ of pension schemes: The Pension Trust scheme (PT) for academlc and related staff and. for nOn4ehln9 St8ff. The Local Govemment Pension Scheme ILGPSI for non teaGhing staff . Both The LGPS schème and The PT scheme ar8 def ine(I contrlbution schemes. Contributions amounting to £1.580 w8r8 payable lo th9 LGPS al 31 August 2022 (2021: £1,042) and rK) onlributions were pay*le to the PT as ai 31 Aug usl 202212021.. £5.759}. All amounts are inoluded wllhln creditOT5 al the year-eTrJ. 21. Penslon commilments (continuèd) Pag9132
Tho Cantre for Litsracy in Prfmary Educatlon (A Company Lirnitsd by Guarantsel Notes to the Financlal Statements For the Year Ended 31 August 2022 Local Governmont Ponsion Scheme The Locd Govemmenl Pension Scheme (LGPSI is a funded defined<ontribLrtlon scheme, with the assets held in separate Irustee4dministered funds. Since 1 April 2014, the London Borough of Soulhwark has inlroduced a policy whweby Centre for Literacy in Primary Education's pension risk as an admitted body is underydrillen by London Borough of StyJlhwark Centre for teracY In Primary Education's contribution rate has been flxed at the rate certrfl&l by Ihe 2010 triemia actuarial valuation f oras lorKJ as the charity remains an employer in the fund. As the Council is w taking responsibility for any deficf(s and the charity has a fixed contribLrtlon rate. the scheme is now a def ined contribution scheme for accounting purposes. The agreed contribution rates forf uture years are 24.1% of pensionable pay lor CLPE in respect of future accrual of b8nefits foractive members. For employees, contribLrtions a dependent on the level of their full-timo eqimvalent salary rarvJing from 5.5°h lo 10%. The total contribution made for the year ended 2022 was £6.300 12021.. £12.342). of which gmployerfs contributions lotale(1 £5,09312021.' £9,812) and employees. contributiorts totalled £1,207 (2021= £2,530). Thfr Pen81on Trust Scheme The P8nslon TNst Scheme (pr) is a def ined contribution gcheme. The employerfs contribution rates during the year were 6Yo. The employees, contribution rat8s during the year were 5%. The total contribution made for the year ended 2022 was £77,140 {2021'. £61.1491. of which employerfs contributions tolalled £42.325 {2021'. £34,058) and ernploye8s' contributions tolalled £34.815 {2021.. £27.0911. Oporallng lea ¢ommltmonts Al the year-end. the tota of Charity's future minimum lease payments under nOnarall)IB operating leases was: Land and bulldlngs 2022 2021 othgr 2021 2022 Amounts payable.. Within 1 year Between 1 and 5 year5 After more than 5 years 115,916 463,664 1,632,484 115, 916 463,664 1, 738, 740 5,536 6.676 5.746 14,018 Total 1212.604 2318320 11282 20694 Page | 33
The Centrè for Lltsracy In Primary Edu¢•tion (A Company Llmltod by Guaranto0) Notes to the Financial SL*ments For the Year Ended 31 August 2022 Rolated party transactions One Trustee is nominaled by Ihe London Borough of Southwath, as ouuined in The &ntre f or Lilera¢y in Primary Educatitin's Articles of Association. Page134