Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF 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 2025
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education IA Company Limitgd by Guaranteg) Contents Pagg Reference and Administrative Details Trustees, Report Independent Auditor's Report 12 statement of Financial Activities 16 Balance Sheet 17 Statement of Cash Flows 18 Notes to the Financial Statements 19
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education IA Company Limitgd by Guaranteg) Reference and Administrative Details of the Charity, its Trustees and Advisers For the Year Ended 31 August 2025 Trustees Sonja Afzal - resigned 01.06.2025 Antonia Byatt Elizabeth Calford - resigned 01.06.2025 Beverley Grealhead Vice Chair of Trustees and Chair of the Operations Committee - resigned 01.06.2025 Catherine Rose - Chair of Trustees until 01.06.2025 Justin Shinebourne - Chair of Finance Committee- resigned 31.12.2024 Cecilia Weiler- resigned 01.06.2025 Ronnie Woods- resigned 01.06.2025 Rukhsana Yasmin - resigned 01.06.2025 Matthew Bffidbury- appointed 01.06.2025 Benjamin Fletcher- Chair- appointed 01.06.2025 Michelle Money- appointed 01.06.2025 Mark Wharrier Chair of Finance Committee 01.06.2025 Emily Guille-Marrett- joined October 2024- resigned 01.06.2025 joined September 2024 resigned Company registered number 04385537 Charity registered number 1092698 Registered office Webber Street London SE18QW Company Sgcretary Rachel Doran - resigned 31.12.2024 Catherine Hardwick- appointed 01.06.2025 Independent auditor Goldwins Limited 75 Maygrove Road London NW6 2EG Pagel 1
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education IA Company Limitgd by Guaranteg) Reference and Administrative Details (continued) For the Year Ended 31 August 2025 Bankers Barclays Bank plc 53 The Broadway London W5 5JS Solicitors Bates Wells 10 Queen Street Place London EC4R 1BE Pagel 2
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education Truste9s Rgport For the Year Ended 31 August 2025 The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, pr8senl their annual report together with the audited financial statements of the charity for the year ended 31 August 2025. 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 governing document and the provisions of the Statement of Recommended Practice ISORPI, applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2015) as amended by Update Bulletin 1 (effective 1 January 20151 and update Bulletin 2 {effective 1 January 2019). 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) RegLJlations 2013 is not required. Ben Fletcher, Chair of Trustees l am delighted to have been appointed as Chair of the Trustees for the Centre for Literacy in Primary Education ICLPEI. On behalf of the Board, I would also like to thank the outgoing trustees and Chief Executive, Rebecca Eaves, for their commitment lo achieving the objectives of CLPE. l am excited and commilled to ensuring all children benefit from the absolute best literacy leaching which encourages a lifelong love of reading and writing. Whilst CLPE has worked closely with schools, teachers and funders throughout the year, it has also been a year of continued change. CLPE became a subsidiary of the National Lrteracy Trust INLT} on 1 st June 2025. The negotiations involved in securing this alliance established a working partnership that have anchored CLPE to NLT and will enable il lo continue to operate as an independent legal entity, preserving its charitable aims, programming oulpul and services. I would like to thank all involved al NLT and CLPE for ensuring that the process led to such a successful conclusion. The NLT Leadership team have been working closely with CLPE colleagues lo continue the work of operationalising an integration that preserves the distinct identity, programming and services of CLPE whilst also leveraging the opportunities of this partnership. The Iransitionary period has been focused on stabilising staffing, operations and resources to ensure a smooth continuation of services. On 1st September 2025 the remaining CLPE staff were transferred onto the NLT payroll. In 2024-25, the status and importance of CLPE'S work has continued lo be cogniSed through the second year of National Porttolio Organisation {NPOI status awarded by The Arts Council England. Our NPO status allows us lo continue our groundbreaking Reflecting Realities, Power of Pictures and Poetry work, as well as to sustain our inspiring in-prinl library and poetry archive al our home on Webber Street. The charity has continued to develop the ways in which schools access our programme and patterns of engagement and our online programme provides additional content and another route for schools lo access our work. More schools in more places than ever before can now lake part in our CPD, in our poetry and picture book work, and benefit from our research. l am pleased lo share details of the CLPE'S impact with you and proud of the ways in which our research, our resources and our training continue lo impact on literacy teaching across the country, ensuring that all children benefit from our worf(. Our Team The CLPE team is made up of teachers, librarians, communicators, project managers and adminislralors from a range of backgrounds working together in a be8Utiful old school building in the very heart of London. All our teaching team have recent classroom and leadership experience and they use this lo support their research, wriling and development of all our courses and materials. Our team works with schools nalionwide lo support delivery of our extended programme, raise funds, undertake research, and strengthen our marketing and communications. We also continue lo build partnerships with like-minded organisalions to ensure our work and research are shared as widely as possible. Pagel 3
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education Truste9s Rgport For the Year Ended 31 August 2025 Our Trustees We are a charity and governed by a board of trLJStees. The charity was in advanced negotiations from December 2024 with another UK education charity Ilhe National Literacy Trust or 'NLT'} about its future. The negotiations were sucSsful and resulted in a combination of both organisations with effect from 1 June 2025. As a result of this process, there has been a change in the composition of the Board with the aim of ensuring stability in a time of change. During the year lo 31.08.2025, our trustees mel four limes a year as an entire bo8rd with a separate Finance Committee. Our Trustees are committed lo 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. We have been keen to ensure that Trustees work with the stsff 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 on-going commitments of our Arts Council National Portfolio Organisation status. CLPE Trustees Sonja Afzal - resigned 01.06.2025 Antonia Byatt Elizabeth Catford - resigned 01.06.2025 Beverley Grealhead - VI Chair of Trustees and Chair of the Operations Committee - resigned 01.06.2025 Catherine Rose- Chair of Trustees until 01.06.2025 Justin Shinebourne - Chair of Finance Committee- resigned 31.12.2024 Cecilia Weiler- resigned 01.06.2025 Ronnie Woods- resigned 01.06.2025 Rukhsana Yasmin - resigned 01.06.2025 Matthew Bfftdbury- appointed 01.06.2025 Benjamin Fletcher- Chair- appointed 01.06.2025 Michelle Money- appointed 01.06_2025 Mark VVharrier- Chair of Finan Committee - joined September 2024- resigned 01.06.2025 Emily Guille-Marrett- joined October 2024- resigned 01.06.2025 2024- 2025 Review of the Year and Impact The Centre for Literacy in Primary Education ICLPEI is a UK-based children's literacy charity working with eady years and primary schools across the country and inlern8tionally. CLPE has been leading thinking 8nd practice in the teaching of literacy in primary schools for over 50 years. Our work raises the achievement of children's reading and writing by helping schools lo teach literacy creatively and effectively, supporting children lo read and write for purpose and for pleasure. We run professional development courses and research programmes at our literacy library in ntral London and provide a wide range of leaching 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 intemalional perspectives on literacy. Our research shows that children's attainment levels in reading and writing improve when they have access to quality experiences of literacy, using quality children's books and that all teachers have the knowledge and resources lo support children become confident, happy and enlhusiaslic readers and writers. Our Teacher Training and Development Programmes: Our training and resources are all based on extensive, externally validated research and on the principles of effective continuing professional development. In the academic year 2024-25, we have successfully delivered a range of different packages of support across the country including.. Developing the Role of the English Subject Leader Raising Achievement in Writing Understanding the Writing Journey Power of a Rich Reading Classroom Pagel 4
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education Truste9s Rgport For the Year Ended 31 August 2025 CLPE'S Power of Reading Training and school Membership: CLPE'S research around the Importan of using quality lexls as the basis for English planning and quality teaching is pivotal to our flagship training programme, The Power of Reading. The programme supports and trains teachers lo develop a whole class curriculum for the leaching of English. Using high quality children's lileralure, the Power of Reading, now entering ils twenty-first year, drives engagement and atlainmenl for all children in oracy. adIng and writing. 915 schools subscribing to CLPE All-A¢cess membership 300+ teaching plans for recommended books available for members to leach English 160 teachers attended Power of Reading IPOR) training in 2024125 90 home learning resources to support reading and writing engagement outside of the classroom 16 on-demand webinars available for members to support continuous professional development across the school 100% of teachers were introduced to new books and authors as part of the programme 100% of teachers rated POR training as effective 100% of teachers would recommend POR training lo someone else IQO% of teachers rated CLPE'S online training as effective 100% of teachers reported that the programme improved children's engagement in reading 98% of teachers improved their knowledge of Children's literature 96% of teachers reported that the programme improved their subject knowledge 96% of teachers reported that the programme improved children's engagement in writing 94% of teachers reported children choosing to read more independently in school 91% of teachers reported that the pmgramme raised children's attainment in reading 91% have been more inspired lo seek out new books since joining the programme 77% said the programme had improved subject knowledge across their school 72% of teachers reported children choosing lo read more independently at home ***irL EPORT 025 PÈ "Providing opportunities for multiple exposure to new voc8bul8ry in different contexts acmss the continuous provision and adult focus activities. Also, adults modelling new vocabulary during free flow so lots of repetition. The leaming experiences We engaging and cross-cufficularand helped children make connections in their learning.. Project Teacher "Teachers have increased both subject and theoretical knowledge. They undeland why they are doing what they are doing and have seen the impact on the children. The teachers have immersed the chil(Iren in the leaming and the fopi¢. 80th teachers involved are incredibly enthusiastic about what they have been doing and Pagel 5
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education Truste9s Rgport For the Year Ended 31 August 2025 their Confiden has increased as the year has gone on.- Headleacher CLPE - Reflecting Realities: Since the first report in 2018, Reflecting Realities, funded by the Arts Council England, annually identifies and evaluates representation within picture b(ioks, fiction and non-fiction for ages 3-11. The report highlights the breadth of genres representing racially minorilised characters. Ils findings provide a benchmark to track and understand progress and 8 loolkil to support both producers and consumers of children's literature to be more critically reflective in the move towards a more inclusive future. In November 2024, we celebrated the publication of the 8th report which, for the first lime in ils history, showed an overall drop in the perntage of racially minorilised characters featured in published children's books reviewed - from 30 /0 in 2022 to 17°A in 2023. Key findings included.. the percentage of racially minoritised main characters, down 7 percentage points from 140/0 in 2022 to 70/ts in 2023. minorilised presence in fiction is down year on year- from 24°/0 in 2022 10 11,/0 in 2023. Fiction is also the text type which has seen much slower growth than non-fiction and picture books and these figures represent a significant widening of the gap. The presence reported in non-fiction - down from 30Q/o in 2022 to 22 /0 in 2023. CLPE CLPE FEFLecTItrIC REALITIES 8thannualr•partr •thnlr r•pr•¥•Tht¢rtlDn IrthUK Ilt•ratur•lor ywngr•udori. READ MORE >> ARTs£0ilL PLAND The National Poetry Centre for Primary Schools: CLPE is the National Poetry Centre for Primary Schools, an honour bestowed upon us by our Patron, Michael Rosen during his Children's Laureateship. 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 leaching plans lo help teachers teach poetry in primary schools. The importance of poetry is central lo all our professional development programmes, because we believe il is central to literacy learning and development. CLPE was a proud partner of National Poetry Day in September 2024 where the theme was counting. Pagel 6
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education Truste9s Rgport For the Year Ended 31 August 2025 As part of our work to support all teachers in helping children lo read and write for pleasure, we created a free resource for Primary Schools lo access lo support teachers, schools and parents lo celebrate National Poetry Day. Schools also had the opportunity to take part in a world record attempt by taking part in the largest poetry lesson with CLIPPA shortlisled Poet, Laura Mucha, and we delivered a special online Poetry in the Classroom webinar for Primary Teachers. The CLPE Poetry Award, CLIPPA: CLPE is also the proud home of CLiPPA- the Centre for Literacy in Primary Poetry Award and 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. The CLIPPA winner 2025 was announced al our Awards ceremony on the 20th June 2025 at the National Theatre. 11 was won by Colette Hiller for her collection Colossal Words for Kids, illustrated by Tor Freeman (Frances Lincoln Children's Books). ..TRESHORTUST The winning schools are given the opportunity to perform on stage with the shortlisled poets al the prestigious award show and also livestreamed to wider audiences. In this. our 22nd year of the award, 5 poetry collections were shortlisted. l ond myfellow judges hadso mony wonderful books to choosefrom and this yeor's shortlistfeatures beoutifully illustroted books tofoscinote ond inspire young readers (or listeners), an important new voice, os well as oldfriends Wlth new book5. Thesefive collectiorjs each have their own magic. We are delighted now to hond these vibront verses over to children ond wotch them moke them their own through the CLIPPA Shadowing." Judge, 2025 CLIPPA Awards Pagel 7
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education Truste9s Rgport For the Year Ended 31 August 2025 CLPE: writing for Primary Schools: This publication shared what we know about writing in primary schools and formed part of our free 'Whal We Know Works. series, bringing together the research we have gathered from teachers working with us on our classroom-based research projects. WRITING What we know works is summarised below.. 1. Build a cohesive English curriculum which demonslrales the inlerconnecledness of reading and writing. 2. Provide experience of a breadth of literary forms lo show children how different texts work. 3. Work over a sustained period with a high-quality book to inspire writing and support the writing process. 4. Provide meaningful contexts for children lo write in a range of forms and publish for real audiences. 5. Support all children to identify as writers and develop their own authentic Vol and motivation to write. 6. Be a reading and writing teacher who models the craft, process, and challenges of writing and responds lo writing as a reader. 7. Use creative teaching approaches to build imagination and language, deepen understanding. and give time for offil rehearsal. 8. Engage with professional authors, illustrators and poets to understand authentic writing processes. 9. Support children's independence and accuracy in phonics and spelling by teaching it through real reading and writing contexts. 10. Build handwriting fluency and stamina through the development of gross and fine motor skills and opportunity lo practise and polish regularly through lo publication. Plans for future periods As the transition lo working with NLT continues, we will review our offer lo ensure that it is marketable and distinct, while drawing on NLT resoUe$ where appropriate to enhance marketing. To ensure our suslainabilily and lo make sure that we can continue lo offer a range of high quality professional development to teachers, we will continue to offer a full programme of online training alongside our face-to-face training, and lo focus on making our Membership programme a value for money access route to all our 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 al face-to-face training challenging. We were pleased lo continue with our National Portfolio Organisalion status from Arts Council England. We have continued lo build on this recognition with our 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 tnjsts and foundations will help us to ensure we can maintain the quality of our Pagel 8
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education Truste9s Rgport For the Year Ended 31 August 2025 free resources and lo subsidise our aclivit18S SO that we can avoid price increases on our courses if possible. W8 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 ensures we can continue lo add lo our expert knowledge and disseminate that new knowledge lo our community of schools. teachers and partners. Public benefit The Charity has had regard lo the Charity Commission's guidance on public benefit. We work to improve the life chan8 of children by ensuring that every child has access to quality experien8 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 lo 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 money from our training courses and materials is used lo add lo our free resources, fund research and find out more about how lo support children's developing literacy. We've continued lo bring together key literacy organisalions to make the case for future and further government funding for support for teachers and develop a manifesto for change. We have also maintained and developed partnerships with independent booksellers including Letterbox Library, Peter's Books, and Love Reading for Kids which delivers discounts for schools on quality texts ordered from the Corebooks selections on our website. Financial Review The unrestricted surplus for the year amounted to £5k versus £97k unreslricled deficit in the previous financial year. This represents a positive outcome against a backdrop where school budgets remain tight and the enhanment of literacy provision by teacher training is often perceived as a luxury that many schools forego. We would also like to acknowledge the SLJPPOrt of Soulhwark Council in rent relief in the year. In response to decreased training and resource purchases, further staff headcount reductions were undertaken to address the imbalance between our income and expenditure. Throughout the year, we actively sought financial support through charitable funding and paid partnerships to sustain our mission of advancing pedagogy and supporting schools. In the medium tem, our focus is on expanding and improving our Membership offer and broadening our outreach to schools, with the aim of returning our core services lo self- funded sustainability. Going concem As noted above, the charity concluded negotiations with NLT which has led lo a combination of both organisalions from 1 June 2025. In this conlexl, the Trustees are confident that the charity is a going concern on the basis that the organisalion can continue to meet ils obligations for the foreseeable future. Trustees receive finance reports each quarter and consider major dependencies and potential mitigations within the risk assessment reviewed al each meeting. Investment Pollcy The charity's funds are expected lo be spent in the medium term, so there are no funds held in investments. CLPE places any available cash into short term savings accounts lo benefit from interest. Reserves Policy The Iruslees have reviewed the charity's reserves policy following the completion of the combination process with NLT on 1 June 2025. The policy is also reviewed regularly in line with our strategic plan. The Current total reserves stand al £40,920, of which £30,455 are unrestricted reserves. In deciding the level of reserves that the charity needs lo 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 as the unreslricled fund balance. On this basis, the Trustees consider unrestricted reserves to be £30.455. Pagel 9
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education Truste9s Rgport For the Year Ended 31 August 2025 It has been decided lo retsin the reseN8s' policy al three months, operating 8xpendilure plus three months, rent. Deficits al operating level over the last couple of years have meant that this policy has proved challenging to achieve bul the trLJStees are confident that this reserves policy can be met in the short to medium terms. Structure, Govemance and Management Recruitment and Appointment of Trustees Al year end there were 5 Trustees for the charity who share their extensive expertise from backgrounds in education, finance and the third sector 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 fil for purpose to deliver OLJr strategic plan. Risk Management Throughout the year, the Board of Trustees conducted regular reviews of the major risks to which the charity was exposed. A risk register was discussed at every Trustee meeting and updated as a consequence of these discussions. Where appropriate, systems or procedures have been established lo miligale the risks the charity faces. While we continue to benefit from support from funders, enabling CLPE lo maintsin and improve our Servi$, this is identified as a risk as the availability of funding can be inconsistent. Internal control risks are minimised by adherence to our Manual of Aulhorilies. Procedures are in pla lo ensure Complian with health and safety of staff, volunteers, clients and visitors lo 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 ILEA) control. CLPE is a registered charity and a company limited by guarantee. CLPE became subsidiary of the National Literacy Trust INLTI on 1st June 2025. Its registered office is as shown on page 1. 11 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. CLPE has 8 Board of Trustees that meets each quarter. Trustees are provided with an induction pack which includes the Articles of the Company, information about the duties and responsibilities of charity Iruslees and further information from the Charities Commission. There are currently 5 Trustees with a variety of professional backgrounds relevant to the work of the Charity. Day to day responsibility for the provision of the services rests with operational management. Management is overseen by the NLT Senior Management Team, which is responsible for ensuring that the charity delivers against its charitable objectives and that key perfomiance indicators are me, as well as overseeing the day-to- day operational management of the Centre, income generation and individual supervision and development of the staff team. Responsibilities of Trustees The Trustees Iwho are the directors of The Centre for Literacy in Primary Education for the purposes of company lawl 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 Pra¢lice}. Company law requires the Trustees to prepare financial stslemenls for each financial year, which give a true and fair view of the slate of affairs of the charitable company and the incoming resources and applI110n of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the Trustees are required to.. select suitable aoUntIng policies and then apply them ¢onsislently', observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., stsle whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial stslemenls., Page | 10
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education Truste9s Rgport For the Year Ended 31 August 2025 prepare the financial statements on the going conrn basis unless il is inappropriate lo presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accoLJnting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy al any lime the financial position of the charitable company and enable them lo 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 infomiation lo 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. Preparatlon 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. The trLJStees have appointed Sayer Vincent, as the charity's auditors for the forthcoming financial year. The Iruslees thank Goldwins Limited for their services during their period of appointment. This report was approved and authorised for issue by the Trustees onJLw2and signed on their behalf by.. S*n•dtsy'. . 9gEfiQ¢9P4P5943J............. Ben Fletcher Chair of Trustees Pagel 11
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF Independent Auditor's Report to thg Mombers of The Centre for Lileracy in Primary Education Oplnlon We have audited the financial slalemenls of The Centre for Literacy in Primary Education Ilhe 'charilable company'l for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balanco 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 Irel8nd' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial slalemenls.. give a true and fair view of the slate of the charitable company's affairs as at 31 August 2025 and of its income and expenditure for the year then ended., have been properly prepared in accordance with United Kingdom Generally A¢pted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Inlemalional Standards on Auditing IUKI IISAS IUKII 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 fLJlfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden we have obtained is sufficient and appropriate lo provide a basis for our opinion. In auditing the financial stalemenls, we have wncluded that the director's use of the going COnM basis of accounting in the preparation of the financial statements is appropriate. Our responsibilities and the responsibilities of the directors with respect lo going concern 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 fin8ncial statements and our auditor's report thereon. The trustees are responsible for the other infomialion contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon. Our resF)onsibility 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 misslaled. If we identify such material inconsistencies or apparent material misslatemenls, we are required lo determine whether this gives rise lo a material misslalement 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 lo report that fact. We have nothing lo report in this regard. Page | 12
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF Independent Auditor's Report to thg Mombers of The Centre for Lileracy in Primary Education Oplnlon on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infomialion given in the Trustees. Report which includes the directors, prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements., and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and ils environment obtained in the course of the audit. we have not identified material misstatements in the TrLJslees' Report. We have nothing lo 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.. adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us., or the financial slalements are not in agreement with the accounting records and returns. or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the trustees were not entitled lo prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Trustees, Report and from the requirement to prepare a Strategic Report. Responslbllltles 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 lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from malerbal misstatement, whether due lo fraud or error. In preparing Ihe financial stslemenls, the Trustees are responsible for assessing the charitsble company's ability to continue as a going concern, disclosing, as applicable, matters related lo going wncern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or lo cease operations or have no realistic alternative but to do so. Page | 13
Docusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF Independent Auditor's Report to thg Mombers of The Centre for Lileracy in Primary Education Audltorfs responslbllltles for the audlt of the flnanclal statements Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misstslemenl, whether due lo fraud or error and lo issue an Audilorfs Report that includes our opinion. Reasonable assurance is a high level of assuran but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always delecl a material misstatement when il 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, lo delecl material misstalemenls in respect of irregularities, including fraud. The extent lo which our procedures are capable of delecling irregularities, including fraud are sel out below. Capability of the audit in detecting irregularities In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non- compliance with laws and regulations, our procedures included the following.. We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and prOdureS relating to.. Identifying, evaluating, and complying with laws and regulations and whether they were instances of non-compliance., Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud., •The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. We inspected the minutes of meetings of those charged with governance. We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience. We reviewed the financial statement disclosures and lesled these to supporting documentation to assess Complian with applicable laws and regulations. We performed analytical prOdureS to identify any unusual or unexpected relationships that may indicate risks of material misstalemenl due lo fraud. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business. aware of any Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, induding those leading lo a material misstalemenl in the financial statements or non-complian with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely lo 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 misrepresentslion. A further descriplion of our responsibilities is available on the Financial Reporting Council's website al.. www.frc.org.uklaudilorsresponsibililies. This description forms part of our audilorfs report. Page | 14
Docusign Envelope ID.. ADCB68B3-FDB6-840D4092-8152DD55CCCF Independent Auditor's Report to thg Mombers of The Cenlre for Lileracy in Primary Education Use of our report This report is made solely lo 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 stste to the charitable company's members those matters we are required to stale to them in an Audilorfs 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, for this report, or for the 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 Date= 21 May 2026 Page | 15
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF Tha Centrg for Literacy in Primary Education {A Company Limited by Guarantee) ststement of Financial Activities {Incorporating Income and Expenditure Account) Forthe Year Ended 31 August 2025 Unrestricted Restricted funds funds Totsl funds Total funds 2025 2024 Note 2025 2025 Income from: Donations 113,702 747,641 134,587 4,054 999.984 113,702 770,641 134,587 4,054 23.000 1.022,984 143,088 896,607 118,733 8,855 1, 167,283 Charitsble activities Other trading activities Investments 23,000 Total income Expendlture on: Charitsble activities Total expenditure 995,188 995.188 12,535 1,007,723 12.535 1.007,723 1,264, 131 1,264, 131 Net Incomel{expendlture) for the year 4,796 10,465 15,261 (96.848) Transfers between funds Net movement in funds 10,774 15.570 110,7741 1309} 15,261 (96,848) Reconclllatlon of funds: Total funds brought fOard 17 14,885 10,774 25,659 122,507 Totsl funds Carried fonHard 30,455 10,465 40,920 25,659 All of the above results are derived from continuing aclivrfcies. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements. 16
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy In Prlmary Educatlon {A Company Limited by Guarantee) Balance Shggt As at 31 August 2025 2025 2024 Note Fixed assets: Tangible assets Intsngible assets 39,237 14,419 53,656 74,145 46,878 121,023 12 Current assets: Stocks Debtors Cash at bank and in hand 13 5,282 139,288 95,967 240,537 13,863 112,098 184, 707 310,668 14 Credltors: amounts falling due within one year 15 1253,2731 (397,699) Ngt current assotsllliabilitiesl 112,7361 (87,031) Creditors.. amounts falling due after one year 16 (8,333) Total net assets Charity Funds Reslricled funds Unrestricted funds 17 10,465 30,455 10,774 14,885 Totsl funds 40,920 25,659 The charills financial statements have been prepared in accordance wth the provisions 8ppIic8ble to companies subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 11 Ma and signed on their behalf, by.. 2026 S&n•d by.. Ben Fletcher Chair of Trustees The attached notes form part of these financial statements. Company registration number: 04385537 17
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy in Primary Education {A Company Limited by Guarantee) Statement of Cash Flows Forthe Year Ended 31 August 2025 2025 2024 Note Cash flows from operating activities Nel cash (used inllprovided by operating activities {83,8611 (60,951) Cash flows from investing activities: Cash flows from interest Purchase of tangible fixed assets Purchase of intangible fixed assets Nel cash used in investing activities 4,054 1600) 8,855 (1,974) 10,773 (3,892) 3,454 Cash flows from financing activities- Repayments of borrowing Cash provided by I (used in) financing activities 8,333 18,3331 9,404 (9,404) Change in cash and eash equivalents in the year {88,7401 (74,247) Cash and cash equivalents brought forward 184,707 258,954 Cash and cash equlvalents carrled forward 20 95,967 184, 707 18
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy In Primary Educatlon (A Company Limited by Guarantee) Notes to the financial ststements Forthe Year Ended 31 August 2025 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 8ppIic8ble lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151- (Charities SORP IFRS 1021), the Financial Repo.ng Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 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 al 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 respe¢l of the guarantee is limited lo £1 per member ofthe charity. 1.3 Fund accounting General funds are unrestricted funds which are available for use al 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 unreslricled funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial slatemenls. Restricted funds are funds which are lo be used in accordan with specific reslriclions 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. 1.4 Income All income is recognised once the charity has an enlitlemenl to the income, il 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 IFRS 1021, the general volunteer lime of the Friends is not recognised and refer lo the Trustees. Report for more information about their contribution. On receipt, donated professional ServIS 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 corresponding amount is then recognised in expenditLJre in the period of receipt. 19
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy In Primary Educatlon (A Company Limited by Guarantee) Notes to the financial ststements Forthe Year Ended 31 August 2025 Accounting Policies 1.4 Income (continued) Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of specific Performan by the charity, are recognised when the charity becomes unconditionally entitled lo the grant. Bank interest is included when receivable. Income from charitable trading activity is accounted for when eamed. Income from grants where related lo perfomiance and specific deliverable is accounted for as the charity earns the right lo consideration by its performance. 1.5 Expenditure Liabilities a recognised as expenditure as soon as there is a leg81 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 for on an accruals basis and has been included under expense categories that aggregate all costs for allocation lo aclivilies. Where costs cannot be directly allributed lo particular aclivilies. 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 constttution81 and stalulory requirements. Charitable activities and G0Veman costs are costs incurred on the charitls educational operations, including support costs and costs relating to the governance of the charity apportioned lo charitable aclivilies. Al expenditure is inclusive of irrecoverable VAT. 1.6 Fixed assets and depreciation Tangible fixed assets Al assets costing more than £500 are capitslised. Tangible fixed assets are carried at cost or valuation, nel of depreciation and any provision for impairment. Depreciation is provided al rates calculated lo 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 _ 200/015 years) Slraighl line with nil residual value. Library- 12.50'/018 years} Straight line with nil residual value. Furniture and fittings - 20Q/o15 years) Slraighl line with nil residual value. Computers and equipment - 250/014 years) Straight line with nil residual value. 20
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy In Primary Educatlon (A Company Limited by Guarantee) Notes to the financial ststements Forthe Year Ended 31 August 2025 Accounting Policies 1.7 Intangible fixed assets Website development costs are capitslised as intsngible assets only when the following criteria are met- lil it is technically feasible to complete the product so it will be available lo use., lill management intends to complete the product or sell it,. {iiil there is ability lo use or sell the produd,. livl il can be demonstrated how the software product will generate future economic benefits,. Iv) the expenditure attributable to the product during ils development can be measured reliably. Website development costs are amortised over their useful economic life of 4 years. 1.8 Operating leases Rentsls under operating leases are charged to the Statement of Financial Activi118s on a slraighl-line basis over the lease lem). Benefits reiVed and receivable as an inntiVe to sign an operating lease are recognised on a straight- line basis over the period until the dale the rent is expected to be adjusted lo 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 al the amount prepaid nel of any trade discounts due. 1.12 Cash at Bank and in hand Cash al bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 1.13 Liabilities and provisions Liabilities are recognised when there is an oblig8lion at the Balance Sheet date as a result of a past event, il is probable that a transfer of economic benefit will be required in setllemenl, and the amount of the selllement can be eslimaled reliably. Liabilities are recognised al the amount that the charity anticipates it will pay to settle the debt or the amount il has received as advanced payments for the goods or setvices il musl provide. Provisions are measured al the best estimate of the amounts required to setue 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 al 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. 21
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy In Primary Educatlon (A Company Limited by Guarantee) Notes to the financial ststements Forthe Year Ended 31 August 2025 Accounting Policies 1.14 Pensions Staff up lo 2008-09 were eligible for membership of the Local Govornment Pension Scheme ILGPSI, administered by the London Borough of Southwark, which acts as an Administering Authority. The scheme was closed to new stsff during that year. The Local Government Pension Scheme was a defined benefit scheme based on final pensionable salary, but from The Centre for Literacy 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 charyed to the Statement of Financial Activities as they become payable in accordan with the scheme. 1.15 Crltlcal accountlng estlmates and areas of judgment In the application of the Company's accounting policies, the directors are required to make judgements, eslimales 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 eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Depreciation and accruals are the areas which give rise to judgement and estimates. 1.16 Going concern During the financial year, the charity concluded negotiations wlh the National Literacy Trust Ilhe 'NLT'I, a registered charity no.1116260 1 company limited by guarantee.. 5836486, registered in England and Wales, which has led lo a combination of bolh organisalions from 1 June 2025. The NLT has agreed lo provide such support as is necessary lo enable the charity to continue lo meet its obligations for a period of al leasl 12 months from the date of signature of the balance sheet. In this conlexl, the Trustees are confident that the charity is a going concern on the basis that the organisation can continue to meet ils obligations for the foreseeable future. Trustees re1ve finan reports each term and consider major dependencies and potential mitigations within the risk assessment reviewed at each meeting. The trustees consider that there are no material uncertainties about the charitable company's ability lo continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting dale that have a significant risk of causing a material adjuslmenl lo the carrwng amounts of 8ssetS and li8bilities within the next reporting period. 22
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy In Primary Educatlon {A Company Limited by Guarantee) Notes to the finaneial statements Forthe Year Ended 31 August 2025 2 Income from donations Unrestricted Restricted funds funds 2025 2025 Total funds Total funds 2025 2024 Funds awarded Total donations 113,702 113,702 113,702 113,702 143,088 143,088 Total 2024 143,088 t43,088 3 Income from charltable actlvltles Unrestricted Restricted funds funds 2025 2025 Total funds Total funds 2025 2024 Power of Reading Courses and conferences Funded projects Cross sector work School CPD Publications 516,278 58,680 516,278 58,680 23,000 87,514 83,441 1,728 770,641 579,664 102,850 61,491 69,162 80,109 3,331 896,607 23,000 87,514 83,441 1,728 747.641 23.000 Total 2024 835, 116 61,491 896,607 4 Income from other trading activities Unrestricted Restricted funds funds 2025 2025 Total funds Total funds 2025 2024 Premises income 134,587 134,587 134,587 134,587 118,733 178,733 Total 2024 118,733 118,733 23
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy In Primary Educatlon {A Company Limited by Guarantee) Notes to the finaneial statements Forthe Year Ended 31 August 2025 S Income from investments Unrestricted Restricted funds funds 2025 2025 Total funds Total funds 2025 2024 Bank interest receivable 4,054 4,054 8,855 Total 2024 8,855 8.855 6 Analysis of resources expended by activities Direct costs 2025 Staff costs Support costs 2025 Total Total 2024 2025 2025 Awards & Donations Funded projects Courses and wnferences Power of Reading Cross sector work School CPD Publication sales 216 41,717 9,700 38,333 6,888 14,023 12 42.308 57,528 261,214 29,689 11,637 44,278 42,217 814 100,052 302,931 61,224 242,076 83,730 87,288 1.469 136,48f 138,438 110,017 595,670 70,543 79,403 3,797 21,835 192,106 32,564 31,048 643 Expenditure on trading activities.. Cost of generating Premises Income Total 10,778 121.667 50,080 370.584 68,095 515.472 128,953 1.007.723 129, 782 1,264, 131 24
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF The Centre for Literacy In Primary Educatlon {A Company Limited by Guarantee) Notes to the finaneial statements Forthe Year Ended 31 August 2025 7 Support costs Total 2025 Total 2024 Legal and professional Rent Telephone IT costs Light and heat Rates Insurance Other premises costs Cleaning Security Publicity and marketing Printing, postage and stationery Bank charges other operating costs Wages and salaries Depreciation G0veMan costs Inole 81 Total 26,651 6,142 5,507 52,683 8,934 11,035 30,713 8,931 18,436 4,165 22,544 9,201 155 33,476 196,190 67,967 12,742 515,472 3.866 95,478 6,214 33, 768 7,447 12,808 t2,236 23,900 18,356 2,640 34,982 8,455 273 10,976 192.180 74,564 36,355 574,498 The basis of allocation for support costs is according lo staff time spent on projects as well as actual expenses incurred. 8 Governance costs Unrestricted funds 2025 Total funds 2024 Auditor's remuneration Reimbursement of trustees, expenses Wages and salaries Other costs Total 4,667 9,804 647 25,529 375 36,355 7,783 292 12,742 25
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF Tha Centrg for Literacy in Primary Education {A Company Limited by Guarantee) Notes to the finaneial statements Forthe Year Ended 31 August 2025 Net incomel{expenditure) This is stated after charging.. 2025 2024 DepCiatIon of tangible fixed assets - owned by the charity Amortisation of intangible fixed assets Auditor's remuneration audit fees Operating lease rentals 35,508 32,459 6,667 6,142 40,773 34,391 6,667 95,478 During the year, none of the trustees receive any remuneration12024 £Nill. During the year, none of the trustees receive any benefits in kind12024 £Nill. During the year, none of the trustees receive any reimbursement of expenses{2024 Two trustees were reimbursed expenses of £5591. 10 Staff costs Staff costs were as follows.. 2025 2024 Wages and salaries Social security costs Other pension costs Total 497,398 46,964 30,195 574,557 660,534 68,625 47,287 770,446 The average number of persons employed by the charity during the year was as follows.. 2025 No. 2924 No. Educational staff Support staff Total 13 19 10 16 The number of higher paid employees was.. 2025 No. 2024 No. In the band £60,000 £69,999 Key management personnel comprises of six {2024'. five) members of senior management and the Chief Executive. The total benefits received by key management personnel in the year amounted to £252,989 12024.. £319,350>. 26
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF Tha Centrg for Literacy in Primary Education {A Company Limited by Guarantee) Notes to the finaneial statements Forthe Year Ended 31 August 2025 11 Tangible fixed assets Leasehold Improvements Computers and equipment Library Furniture and flttlngs Total Cost or valuation At the start of the year Additions At the end of the year 138,362 254,121 35,795 63,391 600 63,991 491.669 600 138,362 254.121 35.795 492.269 Depreciation At the start of the year Charge for the year At the end of the year 135,513 737 136,250 186,799 31,764 218.563 35,520 255 35.775 59,692 2,752 62,444 417.524 35,508 453.032 Net book value At the end of the year At the start of the year 2.112 2,849 35,558 6T,322 20 275 1,547 3,699 39,237 74,745 12 Intangible Fixed Assets Web51te & CRM System Total Cost or valuation Al the start of the year At the end of the year 133,620 133,620 133,620 133,620 Depreciation Al the start of the year Charge for the year At the end of the year 86,742 32,459 119,201 86,742 32,459 119,201 Net book value Al the end of the year At the start of the year 14,419 46,878 14.419 46,878 27
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF Tha Centrg for Literacy in Primary Education {A Company Limited by Guarantee) Notes to the finaneial statements Forthe Year Ended 31 August 2025 13 Stocks 2025 2024 Books stock 5,282 f3,863 14 Debtors 2025 2024 Trade debtors 44,867 94,421 139,288 42,970 69,728 172,098 Prepayments and accrued income Totsl 15 Creditors- Amounts falling due within one year 2025 2024 Bank loans and overdrafts Tffide creditors Other taxation and social security Other creditors Accruals and deferred income Totsl 8,333 28,344 10,783 7,001 198,812 253,273 10,000 48,704 16,122 5,985 317,488 397,699 Deferred income Deferred income at the start of the year Amounts released from previous years Amounts deferred in the year Deferred income at the end of the year 302,283 1302,2831 173,994 173,994 Deferred income comprises invoiced or received in the year relating to services lo be provided in the next financial year. 16 Creditors: Amounts falling after one year 2025 2024 Bank loan Total 8,333 8,333 28
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF Tha Centrg for Literacy in Primary Education {A Company Limited by Guarantee) Notes to the finaneial statements Forthe Year Ended 31 August 2025 17 Statement of funds Statement of funds - current year Balance at the start of the year Income Expendlture Transfers inl(outl Balance at the end of the year Unrestrlcted funds: Desi nated funds Operating Cost Reserve 328,000 328,000 General funds General reserves 1313,1151 999,984 1995,1881 10,774 1297,5451 Total unrestricted funds 14,885 999,984 {995.188) 10,774 30,455 Restrlcted funds.. CLPE infrastructure Education Endowment Fund CLIPPA 2025 10,774 110,7741 8,000 15,000 23,000 8,000 2,465 10.465 112,5351 112.535) Total restricted funds 10.774 (10.7741 Total funds 25.659 1.022,984 11,007.723) 40.920 29
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF Tha Centrg for Literacy in Primary Education {A Company Limited by Guarantee) Notes to the finaneial statements Forthe Year Ended 31 August 2025 17 Statement of funds (Continued) Statement of funds - prior year Balance al the start of the year Transfers in/(oul) Balance at the end of the year Income Expenditure Unrestricted funds.. Desi nated funds Operating Cost ReseNe 328,000 328,(X)O General funds General reseeS (235,899) 1, 105,792 (1, 183,008) (313. f 15) Total unrestricted funds 92,701 1, 705, 792 (7, 183,008) 14,885 Restricted funds.. CLPE infraslruclure Reflecting Realities in the Classroom CLIPPA 2024 30,406 (19,632) 10,T74 51,49f 10,000 (51,491) (70,0(10) Total restricted funds 30,406 67,491 81,123 70,774 Total funds 122,507 1, 167,283 (7,264, 737) 25,659 18 Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2025 Re$trided funds Total funds 2025 2025 Tangible fixed assets Intangible fixed assets Current assets Creditors due within one year Creditors due after one year Totsl 39,237 14,419 230,072 (253,2731 39,237 14,419 240,537 1253,2731 10,465 30,455 10,465 40,920 30
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF Tha Centrg for Literacy in Primary Education {A Company Limited by Guarantee) Notes to the finaneial statements Forthe Year Ended 31 August 2025 18 Analysis of net assets between funds {Continuedl Analysis of net 2ssets between funds - prioryear Unrestricted fvnds 2024 Restricted funds 2024 Total funds 2024 Tangible fixed assets Intangible fixed assets Current assets Creditors due within one year Creditors due after one year Total 74, 145 46,878 299,894 (397,699) (8,333) 14,885 74.145 46,878 310,668 (397,699) (8,333) 25,659 10,774 10,774 19 Reconciliation of net movement in funds to net cash flow from operating activities 2025 2024 Net expenditure for the year las per the Statement of Financial Aclivilies) Adjustment for- Depreciation Interest. rent and dividends from investments Increaselldecreasel in stock Ilncreaselldecrease in debtors Increaselldecreasel in creditors Net cash {used Inllprovlded by operatlng actlvltles 15,261 (96,848) 67,967 14.0541 8,581 127,1901 1144,4261 (83.8611 74,564 18,8551 1,276 (28fJ {30,807) {60,951J 20 Analysis of cash and cash equivalents 2025 2024 Cash in hand Total 95,967 95.967 184,707 784,707 31
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF Tha Centrg for Literacy in Primary Education {A Company Limited by Guarantee) Notes to the finaneial statements Forthe Year Ended 31 August 2025 21 Pension commitments The charills employees belong to one of two pension schemes.. The Pension Trust scheme IPTI for academic and related staff and, for non-teaching staff. The Local Govemment Pension Scheme ILGPSI for non leaching staff. Both The LGPS scheme and The PT scheme are defined contribution schemes. No contributions were payable to the LGPS at 31 August 20251{2024'. £Nil}l or lo the PT as at 31 August 202512024.. £Nil}. Local Government Penslon Scheme The Local Government Pension Scheme ILGPSI is a funded defined-contribulion scheme, with the assets held in separate trustee-adminislered 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 admilled body is underwritten by London Borough of Soulhwark. Centre for Literacy in Primary Education's contribution rale 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 24.10/0 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-lime equivalent salary ranging from 5.59/0 10 109/0. The total contribution made for the year ended 31 August 2025 was £nil 12024.. £4,394), of which employerfs contributions lotslled £nil 12024.. £3,542) and employees, contributions tolalled £nil 12024..£8521. The Pension Trust Scheme The Pension Trust Scheme IPTI is a defined contribution scheme. The employer's contribution rates during the year were 6,/0. The employees, contribution rates during the year We 50/0. The total contribution made for the year ended 31 August 2025 was £nil 12024.. £68,245), of which employer's contributions lotalled £nil 12024.. £37,746) and employees, contributions tolalled £nil 12024.. £30,499). 32
DoGusign Envelope ID.. ADCB68B3-FDB6-840D-8092-8152DD55CCCF Tha Centrg for Literacy in Primary Education {A Company Limited by Guarantee) Notes to the finaneial statements Forthe Year Ended 31 August 2025 22 Operating lease Commitments At 31 August 2025 the total of the Charity's future minimum lease payments under non-cancellable operating18ases was.. Land and bulldlngs 2025 2024 Other 2025 2024 Amounts payable.. Within 1 year Between 1 and 5 years After more than 5 years 115,916 463,664 1,246,097 115.9f 6 463,664 1,400,652 1,806 Total 1.825.677 1,980,232 1,806 23 Related party transactions There are no related paty transactions to disclose for the year. 33