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||Page|
|---|---|
|Legal and administrative
information||
|Trustees'
Annual
Report||
|Independent
auditor's
report|13|
|Statement offinancial activities|16|
|Balance sheet|17|
|Statement ofcash flows|18|
|Notes tothe financial statements||
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|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE|REFERENCE AND ADMINISTRATIVE
DETAILS OF THE|CHARITY,|CHARITY,|||
|---|---|---|---|---|---|---|---|---|---|
|ITSTRUSTEES AND ADVISERS||||||||||
|Forthe year||ended 31 December 2023||||||||
|Company|reg. no.||5906258|||||||
|Charity reg.||no. (England)|1117249|||||||
|Charity reg.||no. (Scotland)|SC043470|||||||
|Registered|office||International
House|||||||
||||101 King's Cross Road|||||||
||||London, WC1X 9LP|||||||
|Trustees|||The trustees,
who are also|||directors|under company||law, who served during|
||||the year and up to the date|||ofthis report were as||follows:||
||||Michael Wemms,
Chair|||||||
||||Andrew
Raid, Treasurer|||||||
||||John Bensted|||||||
||||William
Payne, Senior Independent||||Trustee|||
||||Brenda Bates|||||||
||||Cristalina
Fernandes-Bates|||||||
||||Ceri Godwin|||||||
||||Caroline
King|||||||
||||Pankaj Sethi|||||||
||||Joanna Marston|||||||
||||Thomas Saunders||||(appointed|03|May 2023)|
|Key management|||lan Merrill, CEO|||||||
|personnel||||||||||
||||Christopher
Morgan,|Director of Business Support||||&|Company Secretary|
|Bankers|||CAF Bank Ltd|||||||
||||25 Kings
Hill Avenue|||||||
||||Kent, ME194JQ|||||||
||||Aldermore
Bank PLC|||||||
||||1stFloor, Block BWestern|||House||||
||||Lynch Wood|||||||
||||Peterborough,
PE2 6F2|||||||
|Independent||Auditor|Richard
Billinghurst
FCA|||||||
||||Senior Statutory
Auditor|||||||
||||Knox Cropper LLP|||||||
||||Chartered
Accountants||and|Statutory Auditors||||
||||65 Leadenhall
Street,|London, EC3A 2AD||||||
|Accountants|||NfP Accountants
Ltd|||||||
||||3rd Floor, 86-90 Paul|Street, London, EC2A 4NE||||||
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|ReseNe|||Value|Method|ofcalculation|ofcalculation||
|---|---|---|---|---|---|---|---|
|Free reserves||||||||
|Income|variation||F283,000|3months'|budgeted
future||income,|
|||||excluding|contract income||and restricted|
|||||donations||||
|Working capital|||E321,000|2 months'|budgeted
future||contract income|
||||E604000|||||
|Desi nated reserves||||||||
|Development||fund|E75,000|As assessed by||the trustees,|having regard|
|||||to the charity's||3year strategy and annual||
|||||business|plan|||
|Contingency||reserve|E50,000|As assessed
by||the trustees,|having regard|
|||||to the principal||dsks facing|the charity and|
|||||the mitigations||in place to|manage them.|
||||E125,000|||||
|unrestricted|reserves target||E729,000|||||
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|||||Unrestricted|Unrestricted||Restricted||Total|Unrestncfed|Unrestncfed|Restricted|Restricted||Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Funds||Funds||Funds||Funds||Funds||Funds|
||||Note||2023||2023f||2023
8||2022||2022
5||2022|
|INCOME FROM||||||||||||||||
|Donations
and legacies|||2||561,298||376,344||937,642||524,637||330,066||854,703|
|Charitable
activities||||||||||||||||
|Reading
and numeracy|||3||1,516,578||||1,516,578||251,398||||251,398|
|programme||||||||||||||||
|Investment
income:|bank interest||||13,711||||13,711||4,240||||4,240|
|Other income|||||71||||71||137||||137|
|TOTAL INCOME|||||2,091,658||376,344||2,468,002||750412||330,066|1,|110,478|
|EXPENDITURE ON:||||||||||||||||
|Raising funds|||4||105,864||||105,864||104,520||||104,520|
|Charitable
activities||||||||||||||||
|Criminal Justice
Operations|System (CJS)||4||1,334,090||238,204||1,572,294||697,480||142,540||840,020|
|Community
Operations|||||192,234||163,814||356,048||69,766||1,299||71,065|
|Resources|||||152,989||28,966||181,955||25,279||43,133||68,412|
|Turning pages||||||||||||||||
|sustainability
income project|||||32,691||||32,691||34,711||||34,711|
|(TPSI)||||||||||||||||
||||||1,712,004||430,984||2,142,988||827,236||186,972|1,014,208||
|TOTAL EXPENDITURE|||||1,817,868||430,984||2,248,852||931,756||186,972|1,118,728||
|NET INCOME/(EXPENDITURE)||FOR||||||||||||||
|THE YEAR|||||273,790||(54,640)||219,150||(151,344)||143,094||(8,250)|
|RECONCILIATION|OF FUNDS|||||||||||||||
|TOTAL FUNDS AT|1 JANUARY|2023|||443,768||144,451||586,219||595,112||1,357||596,469|
|TOTAL FUNDS AT|31 DECEMBER2023|||6|717,558|5|89,811|6|807,369|f|443,768|5|144,451|5|585,219|
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||219,150||(8,250)|
|Net cash provided
by / (used in) operating|||activities|||||
|(Increase)/decrease
in|debtors|||(208,678)||(55,389)||
|Increase/(decrease)
in|creditors|||35,954||(44,818)||
||||||(172,724)||(100,207)|
|Change
in cash and cash|equivalents|in the year|||46,426||(106,457)|
|Cash and cash equivalents|at the beginning||ofthe|year|547,904||656,361|
|Cash and cash equivalents|at the year|end||6|594,330|6|547,904|
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|2.|DONATIONS|DONATIONS|AND LEGACIES|AND LEGACIES||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted|||Restricted|||Total|Unrestricted|||Restri cted||Total|
||||||Funds||Funds||Funds||Funds||Funds||Funds|
||||||2023
6||2023
6||2023||2022
6||2022f||2022
E|
||Trusts and foundations|||457,793|||376,344||834,137||365,000||330,065||595,056|
||Individual|donors|||76,371||||76,371||66,282||||66,282|
||Major donors||||26,875||||26,875||30,250||||30,250|
||Corporate|donations|||259||||259||22,855||||22,855|
||Legacies||||||||||40,250||||40,250|
||||F|561,298||6|376,344|6|937,642|6|524,537|6|330,066|6|854,703|
|3.|INCOME|FROM CHARITABLE|||ACTIVITIES|||||||||||
|||||||||Unrestricted|||Restricted||Total||Total|
||||||||||Funds||Funds||Funds||Funds|
||||||||||2023||2023||2023||2022|
||||||||||||||6||E|
||Contracts|and|Sl As||||||1,440,282||||1,440,282||176,770|
||Sale of reading||manuals||||||76,296||||76,296||74,628|
|||||||||6|1,516,578|6|Nil|6|1,516,578|6|251,398|
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|ANALYSIS OF EXPENDITURE|ANALYSIS OF EXPENDITURE|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||Direct|Governance|||Support||Total||Total|
||Staff costsf||costs
6||costs
6||costs
6||2023
6||2022|
|CJSOperations|1,129,078||125,081||7,851||310,284||1,572,294||840,020|
|Community
operations|184,869||119,089||1,286||50,804||356,048||71,065|
|Resources|||181,955||||||181,955||68,412|
|Turning
pages
sustainability|||32,691||||||32,691||34,711|
||1,313,947||456,816||9,137||361,088||2,142,988||1,014,208|
|Fundraising
costs|79,263||4,268||551||21,782||105,864||104,520|
|Governance
costs|||9,688||(9,688)|||||||
|Support costs|306,024||76,846||||(382,870)|||||
|6|1,699,234|6|549,618|6|Nil|6|Nil|6|2248852|Z|1118728|
|2022||||||||||||
|CJSOperations|471,180||106,284||7,789||254,758||840,020|||
|Community
Operations|42,921||4,220||709||23,206||71,065|||
|Resources|||68,412||||||08,412|||
|Turning pages
sustainahiTity|||34,711||||||34,711|||
||514,110||213,636||8,498||277,964||1,014,208|||
|Fundraising
costs|64,272||4,436||1,052||34,750||104,520|||
|Governance
costs|||9,560||(0,560)|||||||
|Supportcosts|261,708||51,006||||(312,714)|||||
|Z|840,090|f|278,638|8|Nil||Nil|E|1,118,728|||
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|6.|STAFF COSTS AND|NUMBERS||||||||
|---|---|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|Unrestricted||Restricted|Total|
|||Funds||Funds|Funds||Funds|Funds|Funds|
|||2023f||2023f|2023f||2022f|2022f|2022f|
||Salary costs|||||||||
||Wages and salaries|1,201,774||246,895|1,448,669||555,374|118,466|673,840|
||Social security costs|134,647|||134,647||68,481||68,481|
||Pension costs|49,043|||49,043||22,112||22,112|
|||1,385,464||246,895|1,632,359||645,967|118,466|764,433|
||Other staffing costs|||||||||
||Recruitment|13,105|||13,105||14,152||14,152|
||Staff training
and development|20,819||2,240|23,059||20,210||20,210|
||Death
in service|2,868|||2,868||507||507|
||Consultancy|27,843|||27,843||40,788||40,788|
|||f 1,450,099|f|249,135 f 1,699,234||f|721,624 f|118,466 f|840,000|
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|SUPPORT AND GO|VER|NA|NCE
C|OSTS|||||
|---|---|---|---|---|---|---|---|---|
|||||||2023||2022|
|||||||||5|
|Support costs|||||||||
|Premises costs, including|||meeting|room hire||9,685||3,884|
|Website and online|costs|||||6,361||7,581|
|Insurance||||||2,635||2,023|
|Other comms and|marketing|||||14,735||5,022|
|IT systems,
computers||and office||equipment||15,628||10,827|
|Telephones||||||3,295||4,407|
|Repairs and maintenance||||||||141|
|Legal and professional||fees||||5,815|||
|Events and conferences||||||173||1,739|
|Staff travel and subsistence||||||16,751||12,844|
|Other office costs||||||1,768||2,448|
|||||||76,846||51,005|
|Governance
costs|||||||||
|Board meetings||||||1,575||2244|
|Audit||||||6,240||5,670|
|Audit preparation||||||1,200||1,200|
|Other governance|costs|||||673||440|
|||||||9,688||9,560|
|Support staff costs||||||306,024||251,708|
||||||6|392,558|5|322,274|
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|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
|Due within one||year||||6|||
|Trade debtors||||||145,102||57,978|
|Accrued|income|||||131,011|||
|Other debtors||||||543|||
||||||6|276,656|6|57,978|
|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||||
|||||||2023f||2022|
|Deferred|grant income|||||30,000|||
|Other creditors||||||13,366|||
|VAT creditors||||||2,952||6,51f|
|Accruals||||||17,277||21,152|
|||||||63,617|8|27,853|
|Deferred|income||||||||
|Balance|at 1 January 2023||||||||
|Amount|released|to incoming||resources|||||
|Amount|deferred|in the year||||30,000|||
|Balance|at 31 December 2023|||||30,000|6|Nil|
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|STATEME|N|T OF FUNDS|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Transfers and||||||
|||||Brought||Incoming||Resources||investment||||Carried|
|||||Forward
5||Resources
6||Expended
f|gains/(losses)|||f||Forward
6|
|DESIGNATED FUNDS|||||||||||||||
|Contingency||Fund||50,000||||||||||50,000|
|Development||Fund||75,000||||||||||75,000|
||||5|125,000|6|Nil|6|Nil|5||Nil||6|125,000|
|RESTRICTED FUNDS|||||||||||||||
|CJS Operations||||27,927||215,333||(238,204)||||||5,056|
|Community||Operations||116,524||131,011||(163,814)||||||83,721|
|Resources||||||30,000||(28,966)||||||1,034|
||||6|144,451|6|376,344|5|(430,984)|6||Nil||6|89,811|
|SUMMARY||OF FUNDS|||||||||||||
|Designated||Funds||125,000||||||||||125,000|
|General Funds||||318,768||2,091,658||(1,817,868)||||||592,558|
|||||443,768||2,091,658||(1,817,868)||||||717,558|
|Restricted|Funds|||144,451||376,344||(430,984)||||||89,811|
||||6|588,219|6|2,468,002|6|(2,248,852)|6||Nil||6|807,369|
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|STATEMEN|T OFFUNDS - 20|22|||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Transfers and|||
||||Brought||Incoming|Resources|||investment|Canted|
||||Forwardf||Resourcesf|Expended
f||gains((losses)
f||Forwardf|
|DESIGNATED FUNDS|||||||||||
|Contingency|Fund||50,000|||||||50,000|
|Development|Fund||75,000|||||||75,000|
|||f|125,000|f|Nil f||Nil|f|Nil f|125,000|
|||||||||Transfers and|||
||||Brought||Incoming|Resources|||investment|Carried|
||||Forwardf||Resourcesf|Expended
f||gainsf(losses)||Forwardf|
|RESTRICTED FUNDS|||||||||||
|CJSOperations|||||286,933|(142,540)||||144,393|
|Community|Operations||1,357||||(1,299)|||56|
|Resources|||||43,133||(43,133)||||
|||f|1,357|f|330,066 f|(186,972)||f|Nil f|144,451|
|SUMMARY|OFFUNDS||||||||||
|Designated|Funds||125,000|||||||'I25,000|
|General Funds|||470,112||780,412|(931,756)||||318,768|
|Restricted Funds|||1,357||330,066|(186,972)||||144,451|
|||f|596,469|f|1,110,478 f|(1,118,728)||f|Nil f|588,219|
|ANALYSIS|OF NET ASSETS|BETWEEN|FUNDS||||||||
||||||Unrestricted||Funds||||
||||||Designated||General||Restricted|Total|
||||||Funds
f||Funds
f||Funds
8|Funds|
|Net current|assets||||125,000||592,558||89,811|807,369|
|||||f|125,000 f||592,558|f|89,811 f|807,369|
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|16.ANALYSIS OF|THE NET MOVEMENT|IN FUNDS||||||||
|---|---|---|---|---|---|---|---|---|---|
||||Unrestricted|||Restricted|Total||Total|
|||||Funds||Funds|Funds||Funds|
|||||2023||2023|2023||2022|
|||||6||6|8|||
|Net movement|in funds|||273,790||(54,640)|219,150||(8,250)|
||||6|273,790|6|(54,640) 6|219,150|8|(8,250)|
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