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 a￿1 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 Co￿peratIv@ 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 vaI￿le 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 t1￿1r 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 S￿Ved 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 pO￿*r 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 h￿1 a very long association with CLPE and most recenlly serv&J as OL*r 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 M￿e 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 a￿1 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 rn￿Y 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 COW￿11 National Portfolio Org￿lsatIOn 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, v￿lting arKI development of all our courses and maerials. We now have 8 Staff of 19 p￿pIe 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 er￿uring 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 kno￿odge 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 Ma￿9 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 s9c￿tary". Rachel Doran (Financ8 & Operations Director) 20214022 - Revigw of the Year and Impact Louise Johns￿hepherd, 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 cour￿11 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 f￿8-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 ￿comMe￿j our online training lo sorn￿ne 8ls8 Thls I￿Aning 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 InS￿ring. Every 18lkirJg kKwnl w8s n7e8ningful the￿ wasn? a S6Yond wasted. it wa$ 81$0 lovely th8t tI￿re y￿re 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 th￿r 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 atlail￿ent in reading 94% of teachers reported children choosing lo read more indep￿dentlY 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 Class￿0M 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 chIld￿n s empathy for the ¢h8TrCtets," ￿7t￿n9 for ffe￿nt PUlPOS8s and the cmss11 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 rec￿Ved funding from Paul Hamlyn FOu￿lation 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 ima￿n8d sfori8s - regardless of g8nm and th8me- inGlude a divorse rnng8 of chIld￿n 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 C￿PPA 67 n8w poet videos were PTodu¢ed lo support ¢hildren's erb3agem8nl with po8try In the classroom. new T8￿h1n9 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 p￿try. 11 provides us Mth everything ne8d8d to expose chIld￿n and taochets lo &xcellent materr81 from both ￿Ell￿nOwn 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 sch￿1 visil bcokings as well as sales of my shortlisled collections. Il's gTrat to have the videos and ￿sou￿OS 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 cu￿te 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 educati1￿lly, 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 ens￿n9 that every child has access to quality experiences of liter8cy and that 811 teachets have the kno￿8dge and resources lo support children b￿Ome 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 f￿ther govemmenl funding for support for teachers and develop a manifesto for change. We have also maintained and dev81op8d partn8rships with independanl booksellers incIL￿lTrg 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 alor￿sIde 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 updat￿1 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 la￿Scape 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 kn0￿rfedge 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 exace￿al￿ 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$rves stand at £315k. £84k of vkniGh is restricted for us8 on three ongoing f unded PTojecls. h decldlng the level of r8seNes that the charfty needs lo hold, the Iruslees consider vA)at the reseNes are rgpresenled by in lem8 of net assets, and Ihereforg what funds are fredy available to speThJ on any of the h￿tY'S purposes. The Trustees consider the funds f reely avai18blg to spend, lo be lim Ilaj lo Ihg nel value of assets and liabillties that represent cash, or are rpadily converte(J into cash. On thi8 basis, cash fU￿S available exceed our total res8rves, therefore the Trustees consider the f £315k total Teserv9s are avaliable funds. Taking into account th8 resouroes needed for working capital to cope wth f ILKtU81ions In cash flow, al￿ an assessment of the major risks lo %thich the charity is exposed, the Trustees have delemiined that an appropriate level of funds to designateas an operating cost reswve should be broadly equivalent lo 3 months operating costs plus a further 3 months, rent. As at 31 August 2022 this equates to £328k. Current unreslricled reseN8s of £231k are below th8 largeled operating Gost reserve. The Trustees considèr that this is a satisfaGtory postion and that CLPE 1$ 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, kno￿ledge and expertise of the board as well as the committee strucluw to ensure that the board is fit for pu￿OSe to deliver the new plan. h 2021, aware that long setving trustees were coming to the end of th￿r 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 refl￿ted 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 cOnS￿uence 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 complia1￿8 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 s￿l0r 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. Ir￿Me 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 CoMp￿Y law) are responsible for preparing the Annual Report a￿1 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 eXpl￿ned 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 t￿Y 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 prepa￿d 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 s￿￿eMentS-. 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 describ￿1 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 obtain￿j 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 InC0￿S1StenCl 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 W￿rk 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 pU￿10s85 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 kno￿￿edge 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 f0r0ura￿Jit 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 Obl￿11¥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