REGISTERED COMPANY NUMBER: 06425426 (England Wales) REGISTFRED CHARITY NUMBF.R.. 1109567 RT TKES D FINAN TA ED I DECEMBE 202 Orcom Civvals Limited Aeo)tsntants 50 Seymour Street Londou WIH 7JG
REPORT OF FOR THE UST NDE 31D CEMBER 2023 The trustees who are also director8 of the clJ8rity for the purposes of the Cowpallies Aet 2006. present their report with the finaneiai statemellts of the cb8rity for the year ended 31 Deo%mber 2023. The trustee8 have adopted the provisions of AuntIng ana Reportillg by Charitie8.' Statemellt of ReCollended Practice applicable to Charities Preparing their 8ceounts in accordance with the Pinancial Reportillg Stsndard applicable in the UK aud Repub]ic of ITeIaJLd IFRS 102) leffective l JÈnuary 2019}. OBJECTtVES AND ACTIVITIES Public benefit The Charity's main objeetive and prineipal activity 18 the prollLOtion of Jiteraey in South Africa to children frotll disadvantaged background8. This work 18 earned out by help2read NPC in South Afriea utilising ndS Y8ed by help2read in UK a8 well a8 locally. ACHIEVEME AND PERFORMANCE Charitable activities Help2read prOdeS funding to he]p2read rqpc in South Africa fftelp2read NPCI which enables readiug help attd b"tet&ty $kills traIng to South Afriean priJn2ry school childrell u8ing trained community volunteer$ and youth literacy tutors. Help2read NPC motiv&te the literate adult populgtion to pass on ¢he7t 8k$ to the tLexL generation. Help2Tead NPC also assist with the provision of a year-long professional development and work experience programme to tOWDship youth who are trained and deployed in township 8chools A8 Iiterw tutOT$. Help2Trad'8 prograwwe is preuLised on the fact that a ehild who eannot Trad cannot learzL. The &biJity to read has a d1ct impact on the acquisition of Ixnguage skill6 and is e&ge%Ltial for academie achievelllent. Without the ability to road, ehildTrn Cannot progre$s tD Tea]ise their potentiaL. Help2re8d. by providing tILe lle88ry nding, eJnpower8 help2re&d NPC who eatt intervene at the esrliegt possible stage of reading aeLivity, typically in Grade8 2 to 4, to ensuje that primary 8ch(x>l children benefit from their sehix>l edue&tion. Our vision IS that 8ll children Should leave primary sch(K>l literate &nd enjoying re&ding. Literaey 8t the primary 8ehool level is the Jn08t eost-effeetiye investment the fight agaixLSt poverty. Liter&ey le&d8 to better health attd nlltriti0 helps iJLdividua18 be better citizens alld, to earn a better illix>me once they Start work ¢reatÈs 8 mote FAir srtiety and 8ttengthens democracy by encouraging avic parther8hip. It is also a long ter illvestllLent because a literate leatner grow up to be a literate adult who give their own children a ju]llp Start in ]i£e. FINANCIAI, REVIEW Principal funding sources The primary funding SoUS for belp2read in the UK are fro (x)TPOTatÈ trusts, ftsundations individua18 COItiTnitted to supporting development in South Africa. These fuDd8 have Supplemented fundraising efforts in South Africa and have been instruweTht41 iti supporting the progran)Le'S expansion in South Africa. We are gratefill for the continued comjnitment of OUT Trustee4 our long-teroj donors and the donors wb08e support has been Intruentl in enabling u8 to Trach 80 many e]Jildren cotnTnunitie8 in 2023. Page I
LP2 PORT OF T RTHE ES ED 31 DFCEMB 02 RegA8tered office Oak F&rm Cottage MRll Street Gi$liughaD] Suffolk IP23 Trustees S Leefe (tesigned 3111120231 B A Cleaver Iresign8d 61412023} Mi58 E J M Franklin Miss S Gant8ho (resigned 221212024) l R Douglas Mrs AH Hemphill Mr8 S L Constanco Company SÈeretary ludepcndent Examiner Mark Tullett FCA Orc0 Civva]s Limited Acwuntattts 50 Seymour Street IA>ndon WIH 7JG This report ha8 been prepaTed in ace0Tdan with the 8pecial pro$108 of Part 15 of the CopanieS Aet 2006 relating to small eompallie8. Approved by ordet of the board of tru8tee$ on l July 2024 and 8igtted on its behalf by.. J M Ftatikjin. Tru8tee Page 3
LP2 wr OF FINANCIALA Unrestricted Restrieted fund funds 2023 Total funds 2022 Total funds INCOME AND ENDOWMENTS FROM DoJ)ations and legaei88 NoteB 64.468 Inve$tment income 64,488 49,183 47 47 24 64.535 64.635 49,207 FpENDITURE ON Raising fund$ 11329 11,229 Charitable aetrvtties Gtauts for child literacy in South Afiica OtheT 15,337 63,000 63,000 25.(K)O 245 245 Total 742 74.474 74,474 41,079 NET INCOMF4(tXPENDITURE) {9.939) {9.939) &128 RECONCILIATION OF FUNDS Total fiujds brought forward 51,516 1,616 43,388 TOTAL FUNDS CARRIED FORWARD 41.577 41,577 51,516 The ])oteB fom part of these financial ststewents Page 6
LP2 These financial staten2ents have been PTep#red in WAth the provi8ion8 4pplicable to charitable COmPaDies subject to the $mall eompaxtie8 regkme. The finaneial stateellts were approved by the Board of TrusteL48 aJ)d authorised for i88ue on l July 2024 and were signed on its behgjf by.. E J M Fratthlin. Truatee I R Dougla8- Trustse The uotE8 foTQ Psrt of these financial statements Page 7
2023 ACCoU1NG POLICIKS- continued Fund accounting Unre8tric¢ed fuDd8 These cau be used in aewrdanee with the c]JazitAble objertives at the dis(Trtion of the tru8tees. Re8trirted fiujds These Call Only be used for particular Te8tTieted purpo8e8 Wlthiti the objects of the charity. RestrictiOD8 arise when speeified by the donor OT when fund8 are raised fot particular restrieted .Thition for Malawi Relates to amount psy&bk for tuitiort fee$ in respert of childTen in Malawi. Signifieant judgen*nts and sourees of estimatioty uucertaint3r In preparillg the annual finallcial 8tateJllent8, ditrctors are requ7Trd to make jud¥emellts. e$tiJnate5 and assuntptions that 8ffeet the amounts rÈpre8ent8a in the a1u finaneial Statements and related d].8closus. Use of availttble infonnation application of judgement 18 iuherellt in the formation of estimates. Aetual result8 iti the future could differ from these tstitnate$ wkn'ch may be rnaterial ts) thé annu41 financial 8¢teents. SigDificallt judgements indude." The u8eful ]ives and resxdual Ye$ of various fixed 88sets. Alloc&tions of costs to relevant aetiviti88 undettakeo. INVESTMEwf INCOME 2028 2022 Interest reoived 47 24 RAISING FUNDS Rai81ng donations and legaexes 2023 2022 Support eo8ts 11,229 15.337 OTHER 208a 2022 Support e08ts 246 742 Included in support eosts are monies expended to carry out its day to day activitie8 for the purpo6È of carrying out the principa] activity of the Charity. the prornotion of ]iterw in South Africa to ehildren from disadvantsged baekground. Pw9 ntinued...
P2 31 DECEBE 2023 TANGIBLE FIXED ASSETS Computer equipmellt COST At l January 2023 and 31 December 2023 DEPRECIATION At l January 2023 31 December 2023 1,192 NET BOOK VALUE At 81 Dernber 2023 1.192 At 31 De(ber 2022 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Acirned expen8es 1th40 2,460 MOVEMENT IN FUNDS Net movement in funds At 1.1.23 At 31.12.23 Unrestricted ndS General fiuld bl,516 (9.939) 41,577 TOTAL FUNDS , 51.516 {9.939) 41.577 Net JlloYemeJtt in fids, iDduded in the 8bove sre As follow8: Ineoming tesourceg Resources expended Movement in fiwds Unrestrieted funds General fund 64.535 (74.474) (9,939) TOTAL FUNDS 64.536 (74,474) (9,939) Page Il cx)otinued."
ED31 DEC ue MBER 202 10. REL4TED PARTY DISCLOSURES There were J)0 related party traosaetiOD8 for the year ended 31 Dmber 2023. Page 13