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2023-08-31-accounts

Registered number: 04385537 Charity number: 1092698

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Trustees’ Report and Financial Statements For the Year Ended 31 August 2023

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Contents

Page
Reference and Administrative Details 1
Trustees’ Report 3
Independent Auditor's Report 14
Statement of Financial Activities 17
Balance Sheet 18
Statement ofCash Flows 19
NotestotheFinancialStatements 20

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Reference and Administrative Details of the Charity, its Trustees and Advisers

For the Year Ended 31 August 2023

Trustees

Sonja Afzal Antonia Byatt Elizabeth Catford Jackie Gillan — resigned 31.08.2023 Beverley Greathead — Vice Chair of Trustees and Chair of the Operations Committee Ramon Kaur — resigned 31.08.2023 Catherine Rose — Chair of Trustees Justin Shineboume - Chair of Finance Committee Valerie Todd — resigned 14.09.2023 Cecilia Weiler Ronnie Woods Rukhsana Yasmin

Company registered number

04385537

Charity registered number

1092698

Registered office

Webber Street London SE1 8QW

Company Secretary

Rachel Doran

Chief executive officer

Louise Johns-Shepherd — resigned 31.08.2023

Independent auditor

Goldwins Limited 75 Maygrove Road London NW6 2EG

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Reference and Administrative Details (continued)

For the Year Ended 31 August 2023

Bankers

Barclays Bank plc 53 The Broadway London W5 5JS

Santander Business Banking Bridle Road Bootle Liverpool L30 4GB

Solicitors

Bates Wells 10 Queen Street Place London EC4R 1BE

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Trustees Report

For the Year Ended 31 August 2023 ai The Trustees, who are also directors of the charity forthe purposes of the Companies Act 2006, present their annual report together with the audited financial statements of the charity for the year ended 31 August 2023. The Trustees confirm that the Annual Report and financial statements of the company comply with the current Statutory requirements, the requirements of the company's goveming document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicablein the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).2015) as amended by Update Bulletin 1 (effective1 January 2015) and update Bulletin 2 (effective1January

Since the charity qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director's Report) Regulations 2013 is not required.

Catherine Rose, Chair of Trustees

| was delighted to be elected to the position of Chair of Trustees with effect from September 2022 alongside Beverley Greathead who was elected to the position of Vice-Chair of Trustees. We are both excited to have this opportunity and are committed to ensuring all children benefit from the absolute best literacy teaching which encourages a lifelong love of reading and writing.

In 2022, CLPE celebrated its fiftieth year, marking this with a two-day conference celebrating the rich contribution and legacy of our work across the education, publishing and charity sectors. We were joined by patrons, authors, illustrators, poets and schools as part of these celebrations. The overwhelming engagement and response to this significant milestone in our history is testament to the work of staff past and present and its evidenced and sustained impact on the work of teachers and the outcomes of children.

In 2023, we were delighted to see the value and importance of CLPE’s work recognised in the awarding of National Portfolio Organisation (NPO) status by The Arts Council England, confirming our place as a key player in the literacy teaching landscape. This allows us to continue our groundbreaking Reflecting Realities, Power of Pictures and Poetry work.

In July 2023, we were delighted to return to The National Theatre to host our poetry award, the CLIPPA. The live audience of over 800 were joined by an extended online audience who watched the event livestreamed from homes and classrooms and saw the 5 shortlisted poets perform, alongside the children who won the 2023 shadowing scheme.

We built on what we had leamt about ways in which schools access our programme and pattems of engagement and continued to develop our online programme which provides additional content and another route for schools to access ourwork. More schools, in more places than ever before can now take part in our CPD, in our poetry and picture book work and benefit from our research. This was another year of goodbyes and hellos. In October 2022, our Office Administrator, Yve Goldsmith, retired after a remarkable 18 years of dedicated service. Yve was a constant source of supportto our staff and our course attendees and we thank her for her diligence and conscientiousness. Our long-standing Business Development Manager, Gwyneth Dear retired in April 2023. During her time, Gwyneth was instrumental in the project management of the Power of Reading programme, and in the peak of 2017-18 helped us to deliver the programme across England to the largest number of schools in the history of the programme. We welcomed a new Centre Manager, Amy Edwards in June 2023, following the departure of Ghazanfar Ajaz. And in August 2023,Shepherd.we also bid farewell to Emma Skelley, our membership officer and our Chief Executive, Louise Johns-

We are all incredibly proud to be Trustees of The Centre for Literacy in Primary Education and fully committed to its charitable purpose. As the latest custodians in its 50-year history, in 2023 we began our search for an exceptional leader, and inspirational advocate to secure our centenary for others to come. Our departing Chief Executive has transformed the CLPE during the 10 years of her tenure, and in many respects is irreplaceable. So, our search was to find the right person to advance the CLPE for the next 10 years and beyond. Our new Chief Executive will be announced early in 2024.

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Trustees Report

For the Year Ended 31 August 2023

a Jackie Gillan served as a trustee and member of the Finance Committee since 2014 and we are extremely grateful for the sound knowledge, advice and expertise she has shown us through a period of growth and then uncertainty when the pandemic hit. Jackie brought her tremendous experience in the world of finance to her role and we benefited from her insights and commitment to our work and sustained success. She has kindly agreed to extend her work with us as a Non-voting Member of our Board fora further year. Ramon Kaur stepped down from her Trustee role at year-end and Valerie Todd stepped just down after year-end. We are incredibly thankful for their contributions.

We are pleased to share details of the CLPE’s impact with you and proud of the ways in which our research, our resources and our training continue to impact on literacy teaching across the country ensuring that all children benefit from our work.

Our Team

The CLPE team is made up of teachers, librarians, communicators, project managers and administrators from a range of backgrounds working together in a beautiful old school building in the very middle of London. All our teaching team have recent classroom and leadership experience and they use this to support their research, writing and development of all our courses and materials. As at September 2023 we have a staff of 18 people in full and part time positions as well as a wider team of Associate Teachers working with us around the country. We have 19 Associate Schools who are beacons of practice across England where schools can visit and see CLPE practice thriving. We have a wider team of associates working with us to support the delivery of our extended programme, fundraise, research and support our marketing and communications work. We continue to build partnerships with likeminded organisations ensuring our work and research is disseminated and communicated as widely as possible. Following the resignation of the Chief Executive in March 2023, we embarked ona recruitment process to hire a new Chief Executive who would build onthe fifty -year legacy of our work and take the organisation forward ino the next fifty years.

Our Trustees

We are a charity and govemed by a board of trustees. Our trustees meet four times a year as an entire board, and we have two committees: Finance & HR Committee and Operations & Evaluation Committee. Trustees also form smaller, time-limited special project committees to support the implementation of our strategic plan and to take forward particular projects. Our Trustees are committed to ensuring that we have the full range of skills and knowledge on our board and work to ensure we are implementing the principles of good governance and working as an effective board. Our board have lead the recruitment process fora new Chief Executive to ensure that the charity not only sustains stability in a time of change but can also achieve ambitious growth targets for the future. We have been keen to ensure that our work is guided by delivering our Strategic Plan and Trustees work with the staff to ensure that our organisation and staffing is fit for purpose as we move forward to future years and on our strategic priorities as we fulfil the commitments of our Arts Council National Portfolio Organisation status.

CLPE Trustees

Sonja Afzal Antonia Byatt Elizabeth Catford Jackie Gillan — resigned 31.08.2023 Beverley Greathead — Vice Chair of Trustees and Chair of the Operations Committee Ramon Kaur — resigned 31.08.2023

Catherine Rose — Chair Justin Shineboume - Chair of Finance Committee Valerie Todd — resigned 14.09.2023 Cecilia Weiler Ronnie Woods Rukhsana Yasmin

Company Secretary: Rachel Doran (Finance & Operations Director)

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The Centre for Literacy in Primary Education {A Company Limited by Guarantee)

Trustees Report

For the Year Ended 31 August 2023

2022-2023 — Review of the Year and Impact

In 2022-23, our leadership team have focussed on the challenges of managing our charity as we face continued cost of living and financial pressure on the education and charity sectors, to ensure our organisation continues to work in the best way possible for the needs of our beneficiaries. We have continued to provide our online programme offer as a way of ensuring affordable and wide-reaching access to our high-quality training and to disseminate findings from our research programme.

We were pleased to successfully secure Arts Council England National Portfolio Organisation status in April 2023. This affirmed the importance of CLPE’s groundbreaking work on diversity in children’s literature, creativity as part of the curriculum and of our work and legacy as a nationally significant cultural organisation.

This year we have continued to undertake research and produce resources that we know schools and the publishing community have come to rely on. We completed our three-year longitudinal study into the impact of access to high quality texts in homes and classrooms alongside creative approaches to literacy teaching in the Early Years Foundation Stage, funded by the Mercers Company as trustee of the charity of Sir Richard Whittington. The findings were published in September 2023 to disseminate the findings to a wider audience. We completed the second year of a three-year longitudinal study into the impact of choosing and using representative literature in classrooms and engaging meaningfully with creatives of colour as part of the Reflecting Realities in the Classroom project, funded by the Paul Hamlyn Foundation. We also embarked ona collaborative research project on Poetry in Primary Classrooms with Macmillan Children’s books, conducting a survey into poetry provision and providing training for 30 schools with pupil populations from disadvantaged backgrounds. The findings were shared as part of the National Poetry Day 2023 celebrations.

We remain steadfast in our determination to provide the best quality literature and learning experiences to as many children as possible through our programme, research and resources which are highly regarded and evidenced to improve literacy outcomes for all.

Our purpose and our mission

The Centre forLiteracy in Primary Educationis a UK based children’s literacy charity working with primary schools Our work raises the achievement of children's reading and writing by helping schools to teach literacy creatively and effectively and supporting children to read and write for purpose and for pleasure. run professional developmentof courses and research programmes at our literacy library in central Londonand providea wide range teaching resources for Primary teachers. We also conduct research into all areas of primary literacy, using the findings to inform practice and contribute to national and international perspectives on literacy. We want to improve the life chances of children by ensuring that every child has access to quality experiences of literacy, using quality children’s books and that all teachers have the knowledge and resources to support children become confident, happy and enthusiastic readers and writers, with all the benefits this brings.

Our Teacher Training and Development Programmes:

As a newly appointed shadow lead who ended up being thrown into the role of lead due to an unpredicted

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The Centre for Literacy in Primary Education {A Company Limited by Guarantee)

Trustees Report

For the Year Ended 31 August 2023

matemity leave; this course has been my backbone of a lot the work | have done in school. The course has been absolutely relevant and has given me the confidence to lead a subject in my second year of teaching. Thank you! Shannon Corsan, St Helens Catholic Primary School, Developing the Role of the English Subject Leader 2022-23 It’s an eye-opening course that makes you look at the teaching of phonics in a much broader way, beyond a phonic programme and this is what children need. It will help you to use phonics in a more meaningful context. Monira Rahman, Roman Road Primary School, Phonics in a Rich Reading Curriculum 2022 -23 Excellent models of strategies that can be used in daily practice. Great reminders of high-quality texts and the variety that can be used. The professionalism of the delivery and clear understanding of teaching and its challenges. A really great training day that supports staff and builds confidence around writing and the teaching of writing.

Jamie Gould, Holbrook Primary School, Teaching Writing INSET

CLPE’s Power of Reading Training and School Membership: CLPE’s research around the importance of using quality texts as the basis for English planning and quality teaching and to provide reflective professional development is embodied in our flagship training programme, The Power of Reading.

The programme supports schools to build a curriculum for English based on high quality children’s literature, raising engagement and attainment for all children in oracy, reading and writing.

The impact has been immeasurable in our school, A notable success has been in the teacher's confidence to review a text and decide whether it provides the richest learning experiences for children. It has helped teachers to look carefully at the opportunities that can come from a key text and how it can open up the imagination of the children. This in tum, has enabled our English curriculum to become more creative and engaging for both teachers and children. Children have been fully immersed in the key texts and have been able to recognise that they are all creative writers and that their imagination can lead to inspiring and innovative outcomes.

Caitlyn Blyth, Patcham Infant School

The impact it had on their writing was immediately noticeable. The majority of the class were enthused by the stories, motivated to write and relished the opportunity. The amount pupils wrote gradually increased, but not only that, they were also more confident in using new vocabulary and stylized wnting, which will be reflected in my class data. | think the most meaningful example for me, was when one of the boys said to me ‘I love English. It's my favourite lesson”. The children now cheer when they see English on the timetable and to top it off, one of my children wrote a story at home he wanted to read to the class which has now started a trend for writing stories at home!

Paloma Philimore, Year 3 teacher, St Bernadette’s Catholic Primary School

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The Centre for Literacy in Primary Education {A Company Limited by Guarantee)

Trustees Report

For the Year Ended 31 August 2023

‘It is without a doubt that the implementation of the Power of Reading techniques and approaches has improved reader engagement, substantially within the class. This newly-found love of reading has also ultimately led to a large desire to write when linked to the class text. The quality of the writing has proved to be much more knowledge-rich, with a clear purpose for writing, due to the analysis of texts and also the language tich discussions in lessons, for all children. Writing content proved to be much more purposeful and the sophistication and language had evidently improved ten-fold. Ultimately, this had an ultra-positive knock-on effect on reading attainment too. It seems that writing and reading really do like to hold hands.'

Michelle Morys, Shottery St Andrews Primary School, Stratford-Upon-Avon.

The Power of Reading in the Early Years research programme

In 2013-14, we developed the Power of Reading in the Early Years programme, designed to investigate its impact in Early Years settings. Training, teaching approaches and text choices were specifically tailored to the unique needs of Early Years teachers and children. After evaluating the initial impact on participating schools, we were successful in securing a grant from the Mercers' Company as trustee of the Charity of Sir Richard Whittington. This generous investment, awarded as part of their Early Years Special Initiative, enabled us to enrich the programme to include home reading provision and to further investigate and externally evaluate impact.

From 2020-2023 we worked with 30 schools across Tower Hamlets, Hackney and Camden, in a new partnership with the Imagination Library UK. Building on the foundations of the Power of Reading in the Early Years programme, we worked with the Imagination Library UK, to provide children with quality texts in their homes to evaluate the added value and impact on the communication, language and literacy engagement and attainment of children in Reception. The project, evaluated by the Institute for Employment Studies (IES) and the Sutton Trust, has taught us a great deal about the best ways in which to lay firm foundations for developing literacy in the Early Years. We are delighted to be able to share this new addition to our existing evidence base with a wider audience, so that as many children as possible can benefit from deep, meaningful and authentic experiences of literacy leaming. ¢ 32 schools and 1,461 Reception and Nursery children from three London boroughs were involved e The gap between disadvantaged children and their peers was smaller in project schools compared to all pupils within the local area.

Summary of Findings:

It has made such an impact in terms of teacher subject knowledge and the outcomes for our children. There is a buzz about reading and because the texts are so well linked to our curriculum model teachers have been able to bring the texts alive, which has meant that the children are having access to a wide range of experiences which get them talking!

Sophie Laws, EYFS Leader, Primary Advantage Federation, Hackney

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Trustees Report

For the Year Ended 31 August 2023

Reflecting Realities

The Reflecting Realities report, identifies and evaluates representation within picture books, fiction and nonfiction for ages 3-11 and provides a benchmark to track and understand progress and a toolkit to support both producers and consumers of children’s literature to be more critically reflective in the move towards a more inclusive future.

“The work that CLPE does and the publication of the Reflecting Realities Report has become such an important benchmark in the publishing calendar providing crucial insight into our industry...”

Denise Johnstone-Burt Publishing Director, Walker Books

Reflecting Realities in the Classroom Research Programme

Alongside the publication of the report, CLPE have received funding from Paul Hamlyn Foundation to deliver a 3-year research project bringing quality representative literature into the classroom to investigate the impact this has on children’s literacy outcomes.

It aims to support ten London primary schools in the Wandle Learning Trust to be more critically reflective and actively engaged in ensuring inclusive and anti-racist practices in Literacy teaching and learning. It seeks to achieve this through arts-based approaches and working alongside published authors, poets and illustrators of colour. The invaluable benefit of conducting a longitudinal study of this nature means that we have been able to build and sustain meaningful engagement with the practitioners and observe impact on the same group of children over time. The final outcomes of the research will be published in 2024-25.

Participating in this course has had a very deep and far-reaching impact on our literacy provision. The teachers have grown in confidence in their expertise in teaching writing and choosing high-quality children’s literature. Pupils’ engagement with their writing has increased tremendously. They are proud of their work and eager to share it with an audience.

Aylea Abbasi, Regina Coelhi School

It has massively changed the awareness and confidence of the teachers in terms of knowledge and celebration of authors, iffustrators and protagonists of colour and own voice representation. It has been inspiring for the teachers to benefit from the direct contact with authors and illustrators. The way the English Lessons have become the spark for the children’s leaming and ideas is remarkable and an amazing testament to the inspiring nature of both the CLPE planning units and the teacher's delivery.

Jessica Cunningham, Ravenstone Primary

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Trustees Report

For the Year Ended 31 August 2023

The National Centre for Poetry in Primary Schools

CLPE is the National Poetry Centre for Primary Schools. We have an extensive collection of poetry for children at our centre and host a wide range of free resources on our website, including videos of poets and teaching plans to help teachers teach poetry in primary schools. The importance of poetry is central to all our professional development programmes, because we believe it is central to literacy learning and development. We are also proud to run the CLIPPA — the Centre for Literacy in Primary Poetry Award. This is the only award for published children’s poetry in the UK. Each year, publishers submit their children’s poetry books and a panel of expert judges selects a shortlist and the winner. Our Schools Shadowing Scheme runs alongside the CLIPPA. More than 6000 children from 200 schools across the country take part each year. They use the free teaching resources we create for the shortlisted books to bring poetry to life in the classroom.

We are delighted to work with a range of poetry partners. As well as being a National Poetry Day partner, producing all the resources for Primary Schools, we are also part of the Poetry By Heart Consortium and the Children’s Poetry Summit.

In 2022-23, CLPE partnered with Macmillan Children’s Books (MCB) to work together on a new initiative, The Big Amazing Poetry Project. The project celebrated 30 years of MCB’s award -winning poetry list for children and CLPE’s 50-year legacy of work and research. The project started with a survey to gain a fuller picture of the place of poetry in primary schools and a research project, involving 30 schools, which aimed to support them to embed poetry fully into classrooms and also in children’s choices when reading for pleasure. We will publish the findings from the project in an updated version of our Poetry: What We Know Works booklet for National Poetry Day 2023.

The CLPE Poetry Award, The CLIPPA

CLPE is the National Poetry Centre for Primary Schools. As part of this role, we run the CLiPPA — the only award presented solely for published children’s poetry. As part of the award, we also operate a school shadowing scheme to engage teachers and children with the collections shortlisted for the annual prize, giving winning schools the opportunity to perform on stage with the shortlisted poets at the prestigious award show, which is also livestreamed to wider audiences.

After the performance, the children told me that this was a day they would never forget and it is one that | won't forget in a long time either. Being chosen to take part in such an amazing event was wonderful but I know that the effects of this day will but much more far-reaching. As a result of our participation in the shadowing scheme, the children have entered into a long-term relationship with poetry. They are no longer afraid of reading, discussing, writing and performing poetry and they talk about it with such passion. Angela Murphy, Teacher, St Margaret Mary's, Manchester

To be singled out by CLPE, an organisation that’s doing so much good for literacy, for teachers and children— well, we absolutely could not be more gratified. | just love their “shadowing scheme” and the way the children interpret the poems. It’s so joyful!

Connie Wanek, Poet, Winner of the CLIPPA 2023

Raising the profile of quality children’s literature

At CLPE, we want to develop close working relationships with key partners and publishers, to become the bridge between schools and high-quality books. Our Literacy Library and Corebooks selections highlight the best of children’s literature for the curriculum and book provision, curated by our librarian and expert teaching team.

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Trustees Report

For the Year Ended 31 August 2023

i

We work with a range of children’s publishers and partners to produce teaching notes, promote high—quality books, host book launches and curate Literacy Library Presents events, as well our librarian recommending books through the Phoebe’s Picks Instagram videos and booklists.

Fraser Hutchinson, David Fickling Books

The Power of Pictures

In last year’s impact report, we released the findings from the Education Endowment Foundation (EEF) Randomised Control Trial of The Power of Pictures programme, which supports teacher's knowledge and understanding of how to develop visual literacy, reading comprehension and the teaching of creative writing. The findings evidenced progress in outcomes for literacy for children who took part in the project and evidence of a link between creativity and drawing and writing.

| found the course absolutely inspiring - a few of the children in my class have real difficulty accessing literacy and | am confident that this can be a way in for them, providing me with strategies for supporting their work even in non-picture books. Bridget Murphy, Murphy, Elmwood School

Bridget Murphy, Murphy, Elmwood School

Public benefit

The Charity has had regard to the Charity Commission's guidance on public benefit. We work to improve the life chances of children by ensuring that every child has access to quality experiences of literacy and that all teachers have the knowledge and resources to support children become confident, happy and enthusiastic readers and writers, with all the benefits this brings. We help schools to teach literacy in the most effective way. Our training and resources are all based on credible research and on the principles of effective continuing professional development.

All the money we make from our training courses and materials is used to add to our free resources, fund research and find out more about how to support children’s developing literacy.

We’ve continued to work with the Fair Education Alliance alongside other key literacy organisations, following our work on the manifesto for change, to make the case for future and further government funding for supportfor teachers and for the benefit of the most disadvantaged pupils.

We have also maintained and developed partnerships with independent booksellers including Letterbox Library, Peters Books, and Love Reading for Kids which delivers discounts for schools on quality texts ordered from the Corebooks selections on our website, as well as giving away more than 2636 books to primary schools through our leaming and research programme and 335 books through competitions and #FridayGiveaways.

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Trustees Report

For the Year Ended 31 August 2023

ee

Plans for future periods

To ensure our sustainability and to make sure that we can continue to offer a range of high quality professional training,developmentand toto focusteachers,on makingwe will continueour Membershipto offerprogrammea full programmea value of onlinefor money trainingaccessalongsideroute ourto all face-to-faceour resources for schools, that are continuously updated with our latest research findings. Our online programme and our Membership support schools to access our services in an affordable way when the current economic landscape stretches school budgets and makes attendance at face-to-face training challenging.

We were pleased to achieve National Portfolio Organisation status from Arts Council England and we plan to build on this recognition with our continued research into the importance of inclusive children’s books, the significance of picture books to developing literacy and our renowned work highlighting children’s poetry.

Core funding from ACE and other trusts and foundations will help us to ensure we can maintain the quality of our free resources and to subsidise our activities, so that we can avoid price increases on our courses if possible. We have continued to benefit from funding for our research programmes in Early Language and inclusive literature and are planning new research projects to support our work in the future. This funding for research ofensuresSchools,we canTeacherscontinueandtoPartners.add to our expert knowledge and disseminate that new knowledgeto our community

Financial Review

The unrestricted deficit for the year amounted to £139k, consistent with the £137k unrestricted deficit in the previous financial year. Despite expectations of a post-pandemic recovery leading to increased school investment in courses and resources, this has not materialised. As long as school budgets remain tight, the enhancement of literacy provision by teacher training is often perceived as a luxury that many schools forego. Consequently, we've witnessed a decrease in the purchase of our training and res ources, resulting ina reduction in income from training and resources of £111k (11%) compared to the prior year, and constituting 69% of total income (2021/22: 75%). Income generated from grant funding, donations, and sponsorship has increased to 25% of total income (2021/22: 19%), while income from our premises accounts for 7% of total income (2021/22: 5%). In response to decreased training and resource purchases, we have undertaken staff headcount reductions. This strategic measure aims to address the imbalance between our income and expenditure, working towards achieving, at a minimum, a break-even position for the financial year 2023-24. Our subsequent goal is to rebuild reserves over the next three years. Throughout this period, we will actively seek financial support through charitable funding and paid partnerships to sustain our mission of advancing pedagogy and supporting schools. In the medium term, our focus is on expanding our Membership offer and broadening our outreach to schools, with the aim of retuming our core services to self-funded sustainability. Notably, unrestricted reserves at the year-end fall below the target operating reserve amount. Despite the Ongoing shift in our activities, we have assessed that there is no impairment of any of our asset values.

Going concern

The Trustees are confident that the charity is a going concem on the basis that the organisation can continue to meet its obligations for the foreseeable future. Trustees receive the finance reports each term, and consider major dependencies and potential mitigations within the risk assessment reviewed at each meeting.

Investment Policy

The charity’s funds are expected to be spent in the medium term, so there are no funds held in investments. CLPE is placing available cash into short term savings accounts to benefit from increased interest rates now available.

Reserves Policy

This policy is reviewed regularly in line with our strategic plan. The current total reserves stand at £123k, £30k of which is restricted for use on one ongoing funded project. In deciding the level of reserves that the charity needs to hold, the trustees consider what the reserves are represented by in terms of net assets, and therefore what funds are freely available to spend on any of the charity's purposes. The Trustees consider the funds freely available to spend, to be limited to the net value of assets and liabilities that represent cash, or are readily converted into cash. On this basis, cash funds available exceed our total reserves, therefore the Trustees consider the full £123k total reserves are available funds.

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Trustees Report

For the Year Ended 31 August 2023

Taking into account the resources needed for working capital to cope with fluctuations in cash flow, and an assessment of the major risks to which the charity is exposed, the Trustees have determined that an appropriate level of funds to designate as an operating costreserve should be broadly equivalent to 3 manths operating costs plus a further 3 months’ rent. As at 31 August 2023 this equates to £341k. Current unrestricted reserves of £92k are below the targeted operating cost reserve. The Trustees consider that this is an acceptable position in the short term, considering the growth and cost initiatives, and that CLPE can weather the continuing pressures of the coming financial year. This policy is reviewed regularly in line with our strategic plan, which is focused on rebuilding reserves over 3 years, after retuming to a break-even result in 2023-24,

Structure, Governance and Management

Recruitment and Appointment of Trustees

At year end there were 9 Trustees for the charity who share their extensive expertise from backgrounds in education, publishing, finance, law, public relations, third sector and local government to support the work of the charity. Trustees reviewed the skills, knowledge and expertise of the board as well as the committee structure to ensure that the board is fit for purpose to deliver our strategic plan. Our new Chair and Vice-Chair of trustees undertook their first year of leadership and lead the search for a new Chief Executive to build on CLPE’s success and take our work into the future.

Risk Management

Throughout the year, the Board of Trustees has conducted regular reviews of the major risks to which the charity is exposed. A risk register is discussed at every Trustee meeting and updated as a consequence of these discussions. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. While we continue to benefit from support from funders, enabling CLPE to maintain and improve our services, this is identified as a risk as the availability of funding can be inconsistent. In the current climate for charities and schools, our plan for our core services to be fully self-sustaining is expected to take a further three years. Internal control risks are minimised by adherence to our Manual of Authorities. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the centre. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.

Organisational Structure

The Charitable Trust was set up in November 2001 when the organisation was transferred from Local Education Authority (LEA) control. CLPE is a registered charity and a company limited by guarantee. Its registered office is as shown on page 1. It is governed by its Articles of Association. The management of the Charity is the responsibility of the Trustees who are appointed under the terms of the Articles of Association.

The CLPE has a Board of Trustees that meets each term, in additionto termly meetings of the Finance & HR committee and the Operations & Evaluation Committee.

Trustees are provided with an induction pack which includes the Articles of the Company, information about the duties and responsibilities of charity trustees and further information from the Charities Commission. There are currently 9 Trustees with a variety of professional backgrounds relevant to the work of the charity.

There are special projects groups convened by the board to develop various projects and the longer-term strategy. These groups are advisory rather than a decision-making bodies but do have terms of reference agreed by the full trustee board and report to the full trustee meetings.

Day to day responsibility for the provision of the services rests with the Chief Executive along with the Senior Leadership Team. This is guided by a Manual of Authorities which is reviewed regularly.

The Chief Executive is responsible for ensuring that the charity delivers against it's charitable objectives and that key performance indicators are met. The Senior Leadership Team has responsibility for the day-to-day operational management of the Centre, income generation and individual supervision and development of the staff team.

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Trustees Report

For the Year Ended 31 August 2023 ee eee Responsibilities of Trustees

The Trustees (who are the directors of The Centre for Literacy in Primary Education for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year, which give a true and fairview of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.

Statement of disclosure of information to auditors

The Trustees have confirmed that, so far as they are aware, there is no relevant audit information of which the Company's auditors are unaware, and that they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Preparation of the report

This report of the Trustees has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006.

Auditors

The trustees have appointed Goldwins as their auditors. Goldwins have accepted this appointment under Section 485 of the Companies Act 2006. This report was approved and authorised forissue by the Trustees onFL Cor signed on their behalf erine Rose ) Chair of Trustees

Page| 13

Independent Auditor's Report to the Members of The Centre for Literacy in Primary Education

jeeSSS

Opinion

We have audited the financial statements of The Centre for Literacy in Primary Education (the ‘charitable company’) forthe year ended 31 August 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concem basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may castsignificant doubt onthe charity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concem are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees’ annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinionon the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page | 14

Independent Auditor's Report to the Members of The Centre for Literacy in Primary Education

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charity for the purposes of company law) are responsible for the preparation of the financial statements and forbeing satisfied that they give a true and fair view, and forsuch internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

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Independent Auditor's Report to the Members of The Centre for Literacy in Primary Education

i

Capability of the audit in detecting irregularities

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliancewith a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, forthis report, or forthe opinions we have formed.

Anthony Epton (Senior Statutory Auditor)

for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG

Page| 16

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Statement of Financial Activities

{Incorporating Income and Expenditure Account)

For the Year Ended 31 August 2023

Unrestricted
funds		 Restricted
funds		 Total
funds		 Total
funds
Note 2023 2023 2023 2022
£ £ £ £
Income from:
Donations 2 165,222 - 165,222 24,628
Charitable activities 3 920,600 163,494 1,084,094 1,272,611
Other trading activities 4 74,155 - 74,155 69,029
Investments 5 12,984 - 12,984 640
Total income 1,172,961 163,494 1,336,455 1,366,908
Expenditure on:
Charitable activities 6 1,311,966 217,180 1,529,146 1,495,617
Total expenditure 1,311,966 217,180 1,529,146 1,495,617
Net movement in funds (139,005) (53,686) (192,691) (128,709)
Reconciliation offunds: 17
Total funds brought forward 231,106 84,092 315,198 443,907
Totalfundscarriedforward 92,101 30,406 122,507 315,198

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.

Page| 17

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Balance Sheet

As at 31 August 2023

2023 2022
Note £ £ £ £
Fixed assets:
Tangible assets 11 112,344 151,343
Intangible assets 12 70,496 68,460
182,840 219,803
Current assets:
Stocks 13 15,139 15,891
Debtors
Cash at bank and in hand		 14 111,817
258,954		 109, 368
418,684
385,910 543,943
Creditors: amounts falling due within one
year 15 (428,506) (421,059)
Net current assets/(liabilities) (42,596) 122,884
Creditors: amounts falling due afterone
year		 16 (17,737) (27,489)
Total net assets 122,507 315,198
Charity Funds 17
Restricted funds 30,406 84,092
Unrestricted funds 92,101 231,106
Totalfunds 122,507 315,198

The charity's financial statements have been prepared in accordance with the provisions applicabletocompanies subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on * | ia LLU and signed on their behalf, by:

----- Start of picture text -----
* | ia LLU and
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{oeair of TrustRos e es

The attached notes form part of these financial statements.

Company registration number: 04385537

Page| 18

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Statement of Cash Flows

For the Year Ended 31 August 2023

2023 2022
Note £ £
Cash flows from operating activities
Netcash (used in)/provided by operating activities 19 {132,350} (214,057)
Cash flows from investing activities:
Cash flows from interest 12,984 640
Purchase of tangible fixed assets (4,414) -
Purchase of intangible fixed assets (26,198) -
Net cash used in investing activities (17,628) 640
Cash flows from financing activities:
Repaymentsofborrowing (9,752) (10,000)
Cash provided by / (used in) financing activities (9,752) (10,000)
Change in cashand cash equivalents in the year (159,730) (223,417)
Cash and cash equivalents brought forward 418,684 642,101
Cashandcashequivalentscarriedforward 20 258,954 418,684

Page| 19

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

Senneneeee

  1. Accounting Policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Centre for Literacy in Primary Education meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Company status

The charity is a company limited by guarantee. The members of the company are the Trustees named on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

General funds are unrestricted funds which are available foruse at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set outin the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page| 20

The Centre for Literacy in Primary Education {A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

1.4 income

All income is recognised once the charity has an entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees' Report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a comesponding amount is then recognised in expenditure in the period of receipt.

Voluntary income is received by way of grants, donations and gifts and is included in full in the deliveryStatementofofspecificFinancialperformanceActivities whenbyreceivable.the charity,Grants,are whererecognisedentitlementwhen isthenot conditionalcharity becomeson the unconditionally entitled to the grant. Bank interest is included when receivable.

Income from charitable trading activity is accounted for when eamed.

Income from grants where related to performance and specific deliverable is accounted foras the charity earns the right to consideration by its performance.

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Expenditure is accounted foronan accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources.

Support costs are those costs incurred directly in support of expenditure on the objects of the charity.

Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.

Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

Page| 21

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

1.6 Fixed assets and depreciation Tangible fixed assets

All assets costing more than £500 are capitalised.

Tangible fixed assets are carried at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold improvements - 20% (5 years) Straight line with nil residual value. Library - 12.50% (8 years) Straight line with nil residual value. Fumiture and fittings - 20% (5 years) Straight line with nil residual value. Computers and equipment - 25% (4 years) Straight line with nil residual value.

1.7 Intangible assets

Website development costs are capitalised as intangible assets only when the following criteria are met: (i) it is technically feasible to complete the product so it will be available to use; (ii) management intends to complete the product or sell it; (iii) there is ability to use or sell the product; (iv) it can be demonstrated how the software product will generate future economic benefits; (v) the expenditure attributable to the product during its development can be measured reliably. Website development costs are amortised over their useful economic life of 4 years.

Rentals under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

1.9 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.10 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.11 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.12 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

TeEe

1.13 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, itis probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.14 Pensions

Staff up to 2008-09 were eligible for membership of the Local Goverment Pension Scheme (LGPS), administered by the London Borough of Southwark, which acts as an Administering Authority. The scheme was closed to new staff during that year. The Local Govemment Pension Scheme was a defined benefit scheme based on final pensionable salary, but from The Centre forLiteracy in Primary Education's perspective became a defined contribution scheme during 2013-14. Pension costs charged in the Statement of Financial Activities represent the contributions recommended by the independent actuary and payable by the charity in the year.

Staff not in the Local Government Pension Scheme are eligible for inclusion in a defined contribution scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the scheme.

1.15 Critical accounting estimates and areas of judgment

In the application of the Company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed onan ongoing basis. Depreciation and accruals are the areas which give rise to judgement and estimates.

Page| 23

The Centre for Literacy in Primary Education {A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

eee eee eee eee eee eee eee eee
2. Income from donations
Unrestricted
funds		 Restricted
funds		 Total
funds		 Total
funds
2023 2023 2023 2022
£ £ £ £
Funds awarded 165,222 - 165,222 24,628
Total donations
;		 165,222 : 165,222 24,628
Total 2022 24,628 - 24,628
3: Incomefrom charitable activities Unrestricted
funds		 Restricted
funds		 Total
funds		 Total
funds
2023 2023 2023 2022
£ £ £ £
Power of Reading 624,977 - 624,977 747,852
Courses and conferences 159,187 - 159,187 165,575
Funded projects
Cress sectorwork		 -
61,345		 163,494
-		 163,494
61,345		 240,916
58,897
School CPD 71,904 - 71,904 55,205
Publications 3,187 - 3,187 4,166
920,600 163,494 1,084,094 1,272,611
Total 2022 1,031,695 240,916 1,272,611
4. Income from other trading activities
Unrestricted Restricted Total Total
funds funds funds funds
2023 2023 2023 2022
£ fe £ £
Premises income 74,155 - 74,155 69,029
Total income from othertrading income 74,155 - 74,155 69,029
Total2022 69,029 029 - 69,029

Page| 24

The Centre for Literacy in Primary Education {A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |gn| |5.|Income|from|investments| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |2022|2022|2023|2022| |£|£|£|£| |Bank|interest|receivable|12,984|-|12,984|640| |Total|2022|640|-|640| |6.|Analysis|of resources|expended|by|activities|

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----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Direct|Staff|Support| |costs|costs|costs|Total|Total| |2023|2023|2023|2023|2022| |£|£|£|£|£| |Awards|&|Donations|2,794|88,816|74,146|165,756|30,323| |Funded|projects|119,760|83,279|88,371|291,410|232,607| |Courses|and|conferences|27,976|85,572|71,438|184,986|202,611| |Power|of|Reading|34,850|335,961|280,469|651,280|821,357| |Cross|sector work|15,126|32,976|27,530|75,632|68, 868| |School|CPD|5,430|38,652|32,269|76,351|62,720| |Publication|sales|54|1,713|1,430|3,197|4,964| |Expenditure|on|trading|activities:| |Cost|of|generating|Premises|Income|7,393|39,863|33,278|80,534|72,167| |Total|213,383|706,832|608,931|1,529,146|1,495,617|

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Page| 25

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

aeS eS te Support costs Total Total

Support costs Total Total
2023 2022
£ £
Legal and professional
Rent
Telephone
IT costs		 133
115,827
5,154
26,979		 1,713
79,614
5,853
30,368
Light and heat
Rates		 13,001
11,455		 13,531
6,392
Insurance
Other premises costs
Cleaning		 15,906
11,017
12,360		 12,185
29,292
12,156
Security
Publicity and marketing
Printing, postage and stationery
Bank charges
Other operating costs
Wages and salaries
Depreciation
Govemance costs (note 8)		 1,853
73,834
11,306
358
6,964
188,486
67,575
46,723		 7,020
74,616
13,741
570
6,334
191,146
88,319
42,465
Total 608,931 615,285

The basis of allocation for support costs is according to staff time spent on projects as well as actual expenses incurred.

8. Governance costs

Governance costs
Unrestricted Total
funds funds
2023 2022
£ £
Auditor's remuneration 9,804 9,887
Reimbursement of Trustees’ expenses 1,402 919
Wages and salaries
Other costs		 34,282
1,235		 30,369
1,296
Total 46,723 42,465

Page | 26

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

9, Net income/(expenditure)

Net income/(expenditure)
2023 2022
£ £
Depreciation of tangible fixed assets:
-owned by the charity 43,413 64,156
Amortisation of intangible fixed assets 24,162 24,162
Auditor's remuneration — audit fee 8,333 8,333
Operatingleaserentals 115,827 79,614

During the year, no trustee received any remuneration (2022 - £Nil). During the year, no trustee received any benefits in kind (2022 - £Nil). During the year, three trustees received reimbursement of expenses of £1,402 (2022 - £919).

10. Staff costs

Staff costs were as follows:

2023 2022
£ £
Wages and salaries 755,194 740,852
Social security costs 65,503 74,965
Other pension costs 50,498 47,418
Total 871,195 863,235
The average number of persons employed by the charity during the yearwas as follows:
2023 2022
No. No.
Educational staff 7 7
Support staff 13 14
Total 20 21
The number of higher-paid employees was:
2023 2022
No. No.
In the band £60,000 - £69,999 Ps 2
In the band £70,000 - £79,999 - -
Intheband£80,000-£89,999 1 1

Key management personnel comprises of four (2022: four) members of senior management and the Chief Executive. The total benefits received by key management personnel in the year amounted to £345,191 (2022: £361,444).

Page| 27

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

Se

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |11.|Tangible|fixed|assets| |Furniture|Computers| |Leasehold|and|and| |improvements|Library|fittings|equipment|Total| |£|£|£|£|£| |Cost|or|valuation| |At|the|start|of|the|year|139,221|254,121|35,795|66,546|495,683| |Additions|2,328|-|-|2,086|4,414| |Disposals|(4,542)|-|-|(5,860)|(10,402)| |At|the end|of the|year|137,007|254,121|35,795|62,772|489,695| |Depreciation| |At|the|start|of|the|year|134,823|123,268|30,888|55,361|344,340| |Charge|for the year|3,484|31,765|2,316|5,848|43,413| |Eliminated|on|disposal|(4,542)|-|-|(5,860)|(10,402)| |At|the end|of the|year|133,765|155,033|33,204|55,349|377,351| |Net|book|value| |At|the|end|of the|year|3,242|99,088|2,591|7,423|112,344| |At|the|start|of the year|4,398|130,853|4,907|11,185|151,343|

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Page | 28

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

12. Intangible Fixed Assets
Website &
CRM
System Total
£ £
Cost or valuation
At the start of the year 108,449 108,449
Additions 26,198 26,198
At theend ofthe year 134,647 134,647
Depreciation
At the start of the year 39,989 39,989
Charge fortheyear 24,162 24,162
At theend ofthe year 64,151 64,151
Net book value
Attheend of theyear 70,496 70,496
Atthe start oftheyear 68,460 68,460
13. Stocks
2023 2022
£ £
Book stock 15,139 15,897
14. Debtors
2023 2022
£ £
Trade debtors 33,745 55, 936
Other debtors - 2,934
Prepayments and accrued income 78,072 50,498
Total 111,817 109,368

Page | 29

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

15. Creditors: Amounts falling due within one year

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |£|£| |Bank|loans|and|overdrafts|10,597|10,844| |Trade|creditors|43,285|82,041| |Other|taxation|and|social|security|22,326|21,733| |Other|creditors|17,564|11,589| |Accruals|and|deferred|income|334,734|294|852| |Total|428,506|421,059| |Deferred|income| |£| |Deferred|income|at|the|start|of|the|year|284,510| |Amounts|released|from|previous|years|(284,510)| |Amount|deferred|in|the|year|294,657| |Deferred|income|at|the end|of the|year|294,657|

----- End of picture text -----

Deferred income comprises invoiced or received in the year relating to services to be provided in the next financial year.

16. Creditors: Amounts falling after one year

----- Start of picture text -----
||||| |---|---|---|---| |2023|2022| |£|£| |Bank|loan|17,737|27,489| |Total|17,737|27,489|

----- End of picture text -----

Page | 30

The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

For thethe Year Ended 31 August 2023 For thethe Year Ended 31 August 2023
Se eee
17. Statement offunds
Statement offunds -current year
Balance Balance
at the at the
start of
the year		 Income Expenditure Transfers
inout)		 end of
the year
£ £ £ £ £
Unrestricted funds:
Designated funds
Operating Cost Reserve 328,000 - - - 328,000
General funds
General reserves		 (96,894) 1,172,961 (1,311,966) -__ (235,899)
Total unrestricted funds 231,106 1,172,961 (1,311,966) - 92,101
Restricted funds:
CLPE infrastructure - 67,664 (37,258) - 30,406
Improving Vocabulary
Reflecting Realities Survey 2022
Reflecting Realities in the Classroom		 75,349
3,860
-		 -
-
85,830		 (75,349)
(3,860)
(85,830)		 -
-
-		 -
-
-
CLIPPA 2022
CLIPPA 2023		 4,883
-		 -
10,000		 (4,883)
(10,000)		 -
-		 -
-
Total restricted funds 84,092 163,494 (217,180) - 30,406
Totalfunds 315,198 1,336,455 (1,529,146) - 122,507

Designated Funds

Theunexpectedoperatingevents,cost reservelossesrepresentsof incomeamountsor large setunbudgetedasideto provideexpenses. financialIt is stabilitycalculated shouldin lineCLPEwithsufferthe Reserves Policy, at 3 months operating costs plus a further 3 months rent.

Restricted Funds

CLPE infrastructure - a restricted funding grant was received to support the development of a new CRM system.

Improving Vocabulary is an annual programme, in partnership with Dolly Parton’s Imagination Library. It is funded by the Charity of Sir Richard Whittington, which is administered by The Mercers’ Foundation. It is expected to run for 3 years.

The Reflecting Realities survey is anticipated to be ongoing. In 2022 restricted funding was received from Arts Council England.

Reflecting Realities in the Classroom is a 3 year programme funded by the Paul Hamlyn Foundation.

The CLIPPA is an award for published poetry for children in the UK. In 2022 and 2023 restricted funding was received from The Authors Licensing and Collection Society in support of the event.

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

is is is is is is is
17. Statement offunds (continued)
Statement offunds -prioryear Balance
Balance at at the
the start of Transfers end of
theyear Income Expenditure infout) theyear
£ 2 £ £ £
Unrestricted funds:
Designated funds
Operating Cost Reserve 312,000 - - - 312,000
General funds
General reserves 56,124 1,125,992 (1,263,010) -__ (80,894)
Totalunrestricted funds 368,124 1,125,992 (1,263,010) -__ 231,106
Restricted funds:
Improving Vocabulary 62,286 91,910 (78,847) - 75,349
Reflecting Realities 2021 5,646 - (5,646) - -
Reflecting Realities Survey 2022 - 27,796 (23,936) - 3,860
Reflecting Realities in the Classroom
CLIPPA 2021		 -
7,851		 96,360
-		 (96,360)
(7,851)		 -
-		 -
-
CLIPPA 2022 - 24,850 (19,967) - 4,883
Total restricted funds 75,783 240,916 (232,607) - 84,092
Totalfunds 443,907 1,366,908 (1,495,617) - 315,198

18. Analysis of net assets between funds

Analysis of net assets between funds — current year

Unrestricted Restricted Total
funds funds funds
2023 2023 2023
£ £ £
Tangible fixed assets 112,344 - 112,344
Intangible fixed assets 70,496 ~ 70,496
Current assets 355,504 30,406 385,910
Creditors due within one year {428,506} ~ (428,506)
Creditors due afterone year (17,737) - (17,737)
Total 92,101 30,406 122,507

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

Seeeee 18. Analysis of net assets between funds (continued)

Analysis of net assets between funds — prior year

Analysis of netnet assets between funds — prior yearprior yearyear
Unrestricted Restricted Total
funds funds funds
2022 2022 2022
£ £ £
Tangible fixedassets 151,343 - 151,343
Intangible fixedassets 68,460 - 68,460
Current assets 459,851 84,092 543,943
Creditors due within one year (421,059) - (421,059)
Creditors due afteroneyear (27,489) - (27,489)
Total 231,106 84,092 315,198
19. Reconciliation ofnet movement in funds to net cash flowfrom operating activities
2023 2022
£ £
Net expenditure for theyear (as perthe Statement of Financial Activities) (192,691) (128,709)
Adjustment for:
Depreciation 67,575 88,318
interest, rent and dividends from investments
Increase/(decrease) in stock		 (12,984)
752		 (640)
2,667
(Increase)/decrease in debtors (2,449) 3,552
Increase/(decrease) in creditors 7,447 = (179,245)
Net cash (used in)/provided by operating activities (132,350) (214,057)
20. Analysis ofcash and cash equivalents
2023 2022
£ £
Cash in hand 258,954 418,684
Total 258,954 418,684
  1. Pension commitments

The charity’s employees belong to one of two pension schemes: The Pension Trust scheme (PT) for academic and related staff and, fornon-teaching staff. The Local Government Pension Scheme (LGPS) for non teaching staff. Both The LGPS scheme and The PT scheme are defined contribution schemes.

Contributions amounting to £589 were payableto the LGPS at 31 August 2023 ((2022: £1,580)) and £7,063 to the PT as at 31 August 2023 (2022: no contributions were payable). All amounts are included within creditors at the year-end.

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The Centre for Literacy in Primary Education (A Company Limited by Guarantee)

For the Year Ended 31 August 2023

Notes to the Financial Statements

i

21. Pension commitments (continued)

Local Government Pension Scheme

The Local Government Pension Scheme (LGPS) is a funded defined -contribution scheme, with the assets held in separate trustee-administered funds.

Since 1 April 2014, the London Borough of Southwark has introduced a policy whereby Centre for Literacy in Primary Education's pension risk as an admitted body is underwritten by London Borough of Southwark. Centre for Literacy in Primary Education's contribution rate has been fixed at the rate certified by the 2010 triennial actuarial valuation for as long as the charity remains an employer in the fund. As the Council is now taking responsibility for any deficits and the charity has a fixed contribution rate, the scheme is now a defined contribution scheme for accounting purposes.

The agreed contribution rates for future years are 24.1% of pensionable pay for CLPE in respect of future accrual of benefits for active members. For employees, contributions are dependent on the level of their full-time equivalent salary ranging from 5.5% to 10%.

The total contribution made forthe year ended 31 August 2023 was £6,228 (2022: £6,300), of which employer's contributions totalled £5,070 (2022: £5,093) and employees’ contributions totalled £1,158 (2022: £1,207).

The Pension Trust Scheme

The Pension Trust Scheme (PT) is a defined contribution scheme.

The employer's contribution rates during the year were 6%. The employees’ contribution rates during the year were 5%.

The total contribution made forthe year ended 31 August 2023 was £81,627 (2022: £77,140), of which employer's contributions totalled £45,023 (2022: £42,325) and employees’ contributions totalled £36,604 (2022: £34,815).

22. Operating lease commitments

At the year-end, the total of Charity’s future minimum lease payments under non-cancellable operating leases was:

Land and buildings Other
2023 2022 2023 2022
£ £ £ £
Amounts payable:
Within 1 year 115,916 115,916 3,940 5,536
Between 1 and 5 years 463,664 463,664 1,806 5,746
Aftermore than 5 years 1,516,568 1,632,484 - -
Total 2,096,148 2,212,064 5,746 11,282

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The Centre for Literacy in Primary Education {A Company Limited by Guarantee)

Notes to the Financial Statements

For the Year Ended 31 August 2023

23. Related party transactions

One Trustee is nominated by the London Borough of Southwark, as outlined in The Centre for Literacy in Primary Education's Articles of Association.

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