2021-08-31-accounts - The Children's Literacy Charity

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Legal and	administrative	details	details
From the	Chair .
Trustees'	report
Financial	review
Independent Auditors'		report	.
Financial	statements

as at 31	stAugust 2020	stAugust 2020
Charity	Name:		The Children's Literacy Charity
Company		Number:	6251103
Charity	Number:		1124257
Registered		Address:	Conrad Court, Cary Avenue, London SE167EJ
			Telephone: 020 7740 1008 E-mail:info@theclc. org.uk
			Website: www. thechildrensliteracycharity.			org.uk
Patrons:			Sarah, Duchess ofYork
			The Lord Harris of Peckham
			The Lord Hastings ofScarisbrick CBE
			The Lord Lingfield
			Noel Gordon
			Margaret McVeigh
Trustee	Board:		For the purposes of the Companies	Act	2006, the Board of
			Trustees is regarded as the Board of Directors			ofthe company.
			The Trustees of the company throughout		the	year and to the
			date of signing this report are as follows:
			Jeffrey Defries (Chair)
			Steven Artist (Deputy Chair)
			Isabel Greenwood (resigned 18November		2020)
			Andrew Martin
			Neal Lodhia
			Dr Jenny Thomson
Senior Management:			Isabel Greenwood -CEO
			Halima Begum —Head of Finance
			Michelle Bennett —Head of Fundraising
			Alex Charalambous —Head of Educational		Development
Bankers:			Lloyds Bank pic
			34 Moorgate, London EC2R 6PL
			Scottish Widows
			25 Gresham Street, London EC2V 7HN
Auditors:			Begbies Chartered Accountants and Registered			Auditors
			9 Bonhill Street, London EC2A 4DJ

			Unrestricted	Restricted	Total 2021	Total 2020
		Note	F	E	F	F
Income and endowments	from:
Donations 8 Legacies		2a	86,413	3,400	89,813	88,185
Charitable activities		2b	114,877	207,287	322,164	328,709
Other Income —CJRS grant			0	20,397	20„397	68,723
Investments (bank Interest)			17		17	202
Total Income			201,307	231,084	432,391	485,818
Expenditure on:		48 5
Raising Funds			57,102	0	57,102	69,172
Charitable Activities			83,605	231,084	314,689	370,076
Total Expenditure			140„707	231,084	371,791	439,248
Net Income/(Expenditure)			60,600	0	60,600	46,571
Net Movement in funds			60,600	0	60,600	46,571
Reconciliation in Funds
Total Funds brought Forward			241,823	0	241,823	195,252
Total Funds carried Forward		108 11	302,423	0	302,423	241,823

As at31"August 2	021
			Total 2021	Total 2020
		Note
Fixed Assets
Tangible assets			6,297	2,832
			6,297	2,832
Current Assets
Debtors			4,112	8,616
Cash at Bank			432,035	297,377
			436,147	305,994
Liabilities
Creditors: Amounts	falling due within one year	9	(140,021)	(67,003)
Net Current Assets			296,126	238,990
Net Assets			302,423	241„823
Funds ofthe Charity
Restricted
General		10	182,423	121,823
Designated		10	120,000	120,000
Total Funds			302,423	241,823

							Note	Total 2021	Total 2020
Cashflows from	operating	activities:
Net Cash provided by (used in) operating			activities				8a	141,171	97,291
Cashflows from	investing	activities:
(Purchase)/sale	oftangible	Fixed Assets						(6,530)	450
Interest from investments								17	202
Net cash provided by investing activities								134„658	97,942
Change in cash	and cash	equivalents in	the	reporting	period			134,658	97,942
Cash and cash	equivalents	at the beginning		ofthe reporting		period		297,377	199,434
Cash and cash	equivalents at the end		of	the reporting		period	8b	432,035	297„377

2a. Donations	and Legacies
		Notes	Unrestricted	Restricted	Total 2021
					f.
Donations			30,075		30,075
Trusts/Foundations/Corporates			55,289	3,400	58,689
Sponsorships			1,049		1,049
			86,413	3,400	89,813
		Notes	Unrestricted	Restricted	Total 2020
					E
Donations			24,104	5,000	29,104
Trusts/Foundations/Corporates			27,851	19,000	46,851
Sponsorships			12,229		12,229
			64,185	24,000	88,185
2b. Charitable	Activities	Notes	Unrestricted	Restricted	Total 2021
					F
Trusts/Foundations/Corporates				207,287	207,287
Fees from schools/parents			113,675	0	113,675
Training activities			1,202	0	1,202
			114„877	207,287	322,164
		Notes	Unrestricted	Restricted	Total 2020
Trusts/Foundations/Corporates				176,243	176,243
Fees from schools/parents			149,610		149,610
Training activities and conferences			2,856		2,856
			152,466	176,243	328,709

.Income from Trusts,	F	oundations &	Corporates
			Unrestricted	Restricted	Total 2021	Unrestricted	Restricted	Total 2020
Within Donations (note 2a)
Informa (including donations	in	kind)	14,695		14,695	4,951		4,951
The Leathersellers' Grant							10,000	10,000
SE Franklin Charity Trust							4,000	4,000
Grocers' Company Charitable	Trust						5,000	5,000
Donald Forrester Trust			5,000		5,000	5,000		5,000
SELCHP Ltd				3,400	3,400
Wellington Management UK	Foundation		11,000		11,000
Anonymous			10,000		10,000
Other grants F3000and under			14,594		14,594	17,900		17,900
Total Grants -Donations			55,289	3,400	58,689	27,851	19,000	46,851
Within Charitable Activities	(note 2b)
Deferred income brought forward				55,833	55,833		10,833	10,833
Receivable during the year
Walcot Foundation							25,000	25,000
TTEES Man Group Pic				25,000	25,000
The Zochonis Charitable Trust				25,000	25,000		25,000	25,000
M8 G Investments							24,453	24,453
William Wates Memorial Trust							12,500	12,500
Girdlers' Company Charitable	Trust			8,000	8,000		8,000	8,000
St Giles &St George (inc. deferred)				15,833	15,833		11,907	11,907
The Swire Charitable Trust				15,000	15,000		15,000	15,000
DCR Allen Charitable Trust				3,000	3,000		5,000	5,000
Sir John Cass's Foundation							10,000	10,000
Garfield Weston Foundation				25,000	25,000
Wellington Management UK	Foundation			20,000	20,000		30,000	30,000
Charterhouse in Southwark (inc. deferred)				5,000	5,000		5,000	5,000
Hyde Park Place Estate Charity							5,000	5,000
The Westminster Foundation							5,000	5,000
Wates Foundation							5,000	5,000
People's Postcode Trust							20,000	20,000
The Schroder Charity Trust							4,000	4,000
The Vintners' Company							3,483	3,483
Masonic Charitable Foundation		(inc. deferred)		21,456	21,456
Houlihan Lokey (inc. deferred)				90,000	90,000
Barings LLC (inc. deferred)				16,800	16,800
Other grants F3000 and under				6,150	6,150		6,900	6,900
Deferred Income carried forward		(See note 9b)		-124,785	-124,785		-55,833	-55,833
Total Grants - Charitable Activities				207,287	207,287		176,243	176,243

ssociated with th	is activity.
	Raising	Charitable		Raising	Chantable
	Funds	Activities	Total 2021	Funds	Activities	Total 2020
		F	F		E	E
Direct Costs	49,062	248,224	297,285	61,805	313,165	374,970
Support Cost	8,040	66,465	74,505	7,367	56,911	64,278
Total	57,102	314,689	371,791	69,172	370,076	439,248

b. Analysis ofSupp	ort Costs
	Raising	Charitable		Raising	Charitable
Support Costs	Funds	Activities	Total 2021	Funds	Activities	Total 2020
	E				E
Staff	2,811	23,235	26,045	4,620	35,691	40,311
Office/IT	1,555	12,854	14,409	1,395	10,778	12,173
Finance	9	74	83	18	138	155
HR/Admin	838	6,926	7„763	366	2,830	3,197
Governance	2,709	22,390	25,099	875	6,758	7,632
Communications	119	987	1,106	93	716	809
Total	8„040	66,465	74,505	7,367	56,911	64,278

			Total 2021	Total 2020
			F	E
Depreciation		(see Note 6)	3,066	1,711
Premises	and	Office costs	14,409	12,173
Auditors	remuneration		4,440	4,440

.Staff Cos	ts
		Total 2021	Total 2020
Salaries		301,357	373,072
Social Security Costs		7,993	20,998
Pension Costs		4„560	5,468
Redundancy	costs		5,280
Total		313,910	404,818

Fixed Assets
	Office 8 General	Fixtures
	Equipment	& Fittings	Total
Cost:		F	E
At 1st September 2020	18,141	428	18„569
Additions	6,530		6,530
Disposal
As at 31stAugust 2021	24,671	428	25,099
Depreciation:
At 1stSeptember 2020	15,309	428	15,737
Disposal
Charge for the period	3,066		3,066
As at 31stAugust 2021	18,375	428	18,803
Net Book Value
At 1stSeptember 2020	2,832		2,832
At 31stAugust 2021	6,297		6,297

7.Debtors &Prepa	yments
			2021	2020
Tax reclaimed on gift aid donations			2,080	3,063
Debtors control account			500
Other debtors			460	4,627
Prepayments			1,071	927
Total			4,112	8,616
8a. Reconciliation	of net income/(expenditure)		to net	cashflow from operating	activities
				Total 2021	Total 2020
Net income for the reporting		period (as per SOFA)		60,600	46,571
Adjustments for:
Depreciation				3,066	1711
Interest				(17)	(202)
Loss on disposal offixed assets				0	19
(Increase)/Decrease	in debtors			4„505	8,923
Increase/(Decrease)	in creditors			73,018	40,268
Net cash used by	operating	activities		141,171	97,291
8b. Analysis ofcash and cash equivalents
				Total 2021	Total 2020
Current Account				392,109	257,416
Deposit Accounts				39,920	39,903
Petty Cash				6	59
				432,035	297,377

9a.Creditors
				Total 2021	Total 2020
Tax and social security				4„278	4,207
Accruals				5,821	4,440
Deferred income (see note			9b)	128,385	55,833
Pension				1„063	1,046
Other creditors				474	1,477
				140,021	67,003
9b. Deferred Income
				Total 2021	Total2020
Brought Forward				55,833	10,833
Transferred toincome during the year
Grants				(55,833)	(10,833)
Schools fees paid in	advance			3,600	0
Grants (See note 3)				124,785	55,833
Carried Forward				128,385	55,833
Deferred grants are	broken		down as follows:
				Total 2021	Total 2020
St Giles 8 St George				5,833
Charterhouse in Southwark				5,000	5,000
People's Postcode Trust					20,000
Walcot Foundation					20,833
Wellington Management		UK Foundation			10,000
Houlihan Lokey				90,000
Masonic Charitable	Foundation			7,152
Barings LLC				16,800
Total Grants Received		in	advance	124,785	55,833

.Movement in		Funds
			Balance at 01.09.20	Incoming	Outgoing	Transfers	Balance at 31.08.21
Unrestricted Funds							F
Designated Fund			120,000				120,000
General Funds			121,823	201,307	(140,707)		182,423
Total Unrestricted		Funds	241,823	201,307	(140,707)	0	302,423
Restricted Funds
Education			0	231,084	(231,084)
Total Restricted		Funds	0	231,084	(231,084)
Total Funds			241,823	432,391	(371,791)	0	302,423
2020 Comparative
			Balance at 01.09.19	Incoming	Outgoing	Transfers	Balance at 31.08.20
Unrestricted Funds			E			F
Designated Fund			175,000	0	0	(55,000)	120,000
General Funds			12,511	216,852	(162,540)	55,000	121,823
Total Unrestricted		Funds	187,511	216,852	(162,540)	0	241,823
Restricted funds
Education			0	268,966	(268,966)
Big Give			7,741	0	(7,741)
Total Restricted	Funds		7,741	268,966	(276,707)
Total Funds			195,252	485,818	(439,248)	0	241,823

		General	Designated	Restricted	Total 2021
Fixed Assets		6,297			6„297
Current	Assets	191,362	120,000	124,785	436,147
Current	Liabilities	(15,236)		(124,785)	(140,021)
		182,423	120,000	0	302,423

2020 Comparative	General	Designated	Restricted	Total 2020
Fixed Assets	2,832			2,832
Current Assets	130,161	120,000	55,833	305,994
Current Liabilities	(11,170)		(55,833)	(67,003)
	121,823	120,000	0	241,823

erating leases	as follows:
				Total 2021	Total 2020
Operating leases	which expires:				E
Office Equipment	(photocopier	lease)	within one year	607	1,216
Office Equipment	(photocopier	lease)	2- 5Years		607
				607	1,823

5.SOFA Comparatives
		Unrestricted	Restricted	Total 2020	Total 2019
Income and endowments	from:
Donations & Legacies		64,185	24,000	88,185	152,708
Charitable activities		152,466	176,243	328,709	441,903
Other Income —CJRS grant			68,723	68,723
Investments (bank Interest)		202	0	202	410
Total Income		216„852	268,966	485,818	595,022
Expenditure on:
Raising Funds		69,172		69,172	137,167
Charitable Activities		93,368	276,707	370,076	560,059
Total Expenditure		162,540	276,707	439,248	697,226
Net Income/(Expenditure)		54,312	(7,741)	46,571	(102,205)
Reconciliation in Funds
Net Movement in funds		54,312	(7,741)	46,571	(102,205)
Total Funds brought Forward		187,511	7,741	195,252	297,457
Total Funds carried Forward		241,823		241,823	195„252