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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||||
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||||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|
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|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|
##
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|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|
##
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|||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|