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|Legal and|administrative|details|
|---|---|---|
|From the|Chair and CEO||
|Trustees'|report||
|Financial|review||
|Independent
Auditors'||report|
|Financial|statements||
##
|Legal &Administrative
as at 31stAugust 2022|Legal &Administrative
as at 31stAugust 2022|Details|||||
|---|---|---|---|---|---|---|
|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|||||
|||Email:
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||||of the 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)|||||
|||Andrew
Martin|||||
|||Neal Lodhia (resigned 22 June|2022)||||
|||Dr Jenny Thomson|||||
|Senior Management:||Isabel Greenwood
-CEO|||||
|||Halima
Begum —Head of Finance|||||
|||Michelle Bennett —Head of Fundraising|||||
|||Julie Taylor —Education
Lead|||||
|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 2022|Total 2021|
|---|---|---|---|---|---|---|
|||Note|F|F|F|F|
|Income and endowments|from:||||||
|Donations
& Legacies||2a|116,393|11,400|127,793|89,813|
|Charitable
activities||2b|123,858|218,922|342,780|322,164|
|Trading
activities
—sponsorship|||10,000||10,000||
|Other Income —CJRS||||||20,397|
|Investments
(bank Interest)|||34||34|17|
|Total Income|||250,285|230,322|480,607|432,391|
|Expenditure
on:||4&5|||||
|Raising Funds|||86,457|0|86,457|57,102|
|Charitable
Activities|||151,632|230,322|381,954|314,689|
|Total Expenditure|||238,088|230,322|468,410|371,791|
|Net Income/(Expenditure)|||12,197|0|12,197|60,600|
|Net Movement
in funds|||12,197|0|12„197|60,600|
|Reconciliation
in Funds|||||||
|Total Funds brought
Forward|||302,423|0|302,423|241,823|
|Total Funds carried Forward||10&11|314„619|0|314,619|302,423|
##
||||Total 2022|Total 2021|
|---|---|---|---|---|
|||Note|||
|Fixed Assets|||||
|Tangible assets|||2,913|6,297|
||||2,913|6,297|
|Current Assets|||||
|Debtors|||14,109|4,112|
|Cash at Bank|||399,937|432,035|
||||414,046|436,147|
|Liabilities|||||
|Creditors: Amounts|falling due within one year|9|(102,340)|(140,021)|
|Net Current Assets|||311,706|296,126|
|Net Assets|||314,619|302,423|
|Funds ofthe Charity|||||
|Restricted|||||
|General||10|194,619|182,423|
|Designated||10|120,000|120,000|
|Total Funds|||314,619|302,423|
##
##
||||||||Note|Total 2022|Total 2021|
|---|---|---|---|---|---|---|---|---|---|
|Cashflows
from|operating
activities:|||||||||
|Net Cash provided
by (used in) operating|||activities||||8a|(32,133)|141,171|
|Cashflows
from|investing
activities:|||||||||
|(Purchase)/sale|oftangible
Fixed Assets||||||||(6,530)|
|Interest from investments||||||||34|17|
|Net cash provided
by investing
activities||||||||(32,098)|134,658|
|Change
in cash|and cash equivalents|in|the|reporting|period|||(32,098)|134,658|
|Cash and cash|equivalents
at the beginning|||ofthe reporting||period||432,035|297,377|
|Cash and cash|equivalents
at the|end|of|the reporting||period|8b|399,936|432,035|
|Reconciliation|of net debt|||||||||
|The charity had|no net debt in the|current||or prior|year.|||||
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|2a. Donations|and Legacies|||||
|---|---|---|---|---|---|
|||Notes|Unrestricted|Restricted|Total 2022|
|Donations|||27,141||27,141|
|Legacies|||49,927||49,927|
|Trusts/Foundations/Corporates|||32,969|11,400|44,369|
|Sponsorships|||6,356||6,356|
||||116,393|11,400|127,793|
|||Notes|Unrestricted|Restricted|Total 2021|
|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|
|2b. Charitable|Activities|Notes|Unrestricted|Restricted|Total 2022|
||||||F|
|Trusts/Foundations/Corporates||||218,922|218„922|
|Fees from schools/parents|||118,267||118,267|
|Training
activities|||5,591||5„591|
||||123,858|218,922|342,780|
|||Notes|Unrestricted|Restricted|Total 2021|
|||||E|F|
|Trusts/Foundations/Corporates||||207,287|207,287|
|Fees from schools/parents|||113,675||113,675|
|Training
activities and conferences|||1,202||1,202|
||||114„877|207,287|322,164|
##
|||Unrestricted|Restricted|Total 2022|Unrestricted|Restricted|Total 2021|
|---|---|---|---|---|---|---|---|
|Within Donations
(note 2a)||||||||
|Informa||4,979||4,979|14,695||14,695|
|SE Franklin
Charity Trust|||8,000|8,000||||
|Donald Forrester Trust|||||5,000||5,000|
|Girdlers'
Company
Charitable|Trust|4,547||4,547||||
|SELCHP Ltd|||3,400|3,400||3,400|3,400|
|Wellington
Management
UK Foundation|||||11,000||11,000|
|Anonymous|||||10,000||10,000|
|Other grants f3000 and under||23,443||23,443|14,594||14,594|
|Total Grants - Donations||32,969|11,400|44,369|55,289|3,400|58,689|
|Within Charitable
Activities|(note 2b)|||||F||
|Deferred income brought forward||0|124,785|124,785|0|55,833|55,833|
|Receivable
during the year||||||||
|TTEES Man Group Pic||0|0|0|0|25,000|25,000|
|The Zochonis
Charitable
Trust||0|25,000|25,000|0|25,000|25,000|
|Girdlers'
Company
Charitable|Trust|0|8,000|8,000|0|8,000|8,000|
|St Giles &St George (inc. deferred)||0|0|0|0|15,833|15,833|
|The Swire Charitable
Trust||0|0|0|0|15,000|15,000|
|DCR Allen Charitable
Trust||0|0|0|0|3,000|3,000|
|Garfield Weston Foundation||0|25,000|25,000|0|25,000|25,000|
|Wellington
Management
UK Foundation||0|35,000|35,000|0|20,000|20,000|
|Charterhouse
in Southwark
(inc. deferred)||0|5,000|5,000|0|5000|5000|
|Masonic Charitable
Foundation|(inc. deferred)|0|21,456|21,456|0|21,456|21,456|
|Houlihan
Lokey (inc. deferred)||0|0|0|0|90,000|90,000|
|Barings LLC (inc. deferred)||0|50,000|50,000|0|16,800|16,800|
|Unum||0|5,000|5,000|0|0|0|
|Other grants 83000 and under||0|6,000|6,000|0|6 150|6,150|
|Deferred
Income carried forward (See note 9b)||0|(86,319)|(86,319)|0|(124,785)|(124,785)|
|Total Grants - Charitable
Activities||0|218,922|218,922|0|207,287|207,287|
##
||Raising|Charitable||Raising|Charitable||
|---|---|---|---|---|---|---|
||Funds|Activities|Total 2022|Funds|Activities|Total 2021|
||F|F|F|F|E|E|
|Direct Costs|75,646|303,738|379,385|49,062|248,224|297,285|
|Support Cost|10,810|78,215|89,026|8,040|66,465|74,505|
|Total|86,457|381,954|468,410|57,102|314,689|371,791|
##
|b. Analysis ofSupp|ort Costs||||||
|---|---|---|---|---|---|---|
||Raising|Charitable||Raising|Charitable||
|Support Costs|Funds|Activities|Total 2022|Funds|Activities|Total 2021|
||E|||||F|
|Staff|3,327|24,074|27,401|2,811|23,235|26,045|
|Office/IT|1,997|14,452|16,450|1,555|12,854|14,409|
|Finance|23|164|187|9|74|83|
|HR/Admin|437|3,159|3,595|838|6,926|7,763|
|Governance|4,244|30,709|34,954|2,709|22,390|25,099|
|Communications|782|5,657|6„439|119|987|1,106|
|Total|10,810|78,215|89,026|8,040|66,465|74,505|
||||Total 2022|Total 2021|
|---|---|---|---|---|
||||F|E|
|Depreciation||(see Note 6)|3,384|3,066|
|Premises|and|Office costs|16,450|14,409|
|Auditors|remuneration||4,440|4,440|
##
|||Total 2022|Total 2021|
|---|---|---|---|
|Salaries||355,879|301,357|
|Social Security Costs||16,642|7,993|
|Pension Costs||5,939|4,560|
|Redundancy|costs|10,000||
|Total||388,460|313,910|
##
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|6.Fixed Assets||||
|---|---|---|---|
||Office 8 General|Fixtures||
||Equipment|8 Fittings|Total|
|Cost:||F|E|
|At 1st September 2021|24,671|428|25,099|
|Additions|||0|
|Disposal||||
|As at 31stAugust 2022|24„671|428|25,099|
|Depreciation:||||
|At 1st September 2021|18,375|428|18,803|
|Disposal||||
|Charge for the period|3,384||3,384|
|As at 31stAugust 2022|21,759|428|22,187|
|Net Book Value||||
|At 1stSeptember 2021|6,297||6,297|
|At 31stAugust 2022|2,913||2,913|
##
|||2022|2021|
|---|---|---|---|
|Tax reclaimed|on gift aid donations|2,244|2,080|
|Debtors control|account|3,280|500|
|Other debtors||5,033|460|
|Prepayments||3,552|1,071|
|Total||14,109|4,112|
##
|||||Total 2022|Total 2021|
|---|---|---|---|---|---|
|Net income|for the|reporting|period (as per SOFA)|12,197|60,600|
|Adjustments|for:|||||
|Depreciation||||3,384|3,066|
|Interest||||(34)|(17)|
|(Increase)/Decrease||in debtors||(9,998)|4,505|
|Increase/(Decrease)||in creditors||(37,681)|73,018|
|Net cash used by operating|||activities|(32„133)|141,171|
|8b. Analysis|ofcash and cash equivalents|||||
||Total 2022|Total 2021|
|---|---|---|
|Current Account|359„763|392,109|
|Deposit Accounts|39,954|39,920|
|Petty Cash|219||
||399„937|432,035|
##
|||||||Total 2022|Total 2021|
|---|---|---|---|---|---|---|---|
|Tax and|social security|||||4,933|4,278|
|Accruals||||||4,440|5,821|
|Deferred|income|(see note|||9b)|89,919|128,385|
|Pension||||||1,199|1,063|
|Other creditors||||||1,848|474|
|||||||102,340|140,021|
|9b. Deferred lncorne||||||||
|||||||Total 2022|Total 2021|
|Brought|Forward|||||128,385|55,833|
|Transferred
toincome during the year||||||||
|Grants||||||(83,385)|(55,833)|
|Schools|fees paid||in advance|||3„600|3,600|
|Grants deferred||in|year|||41,319|124,785|
|Carried|Forward|||||89,919|128,385|
|Deferred|grants|are broken|||down as follows:|||
|||||||Total 2022|Total 2021|
|St Giles|8 St George||||||5,833|
|Charterhouse
in||Southwark||||5„000|5,000|
|Houlihan|Lokey|||||45„000|90,000|
|Masonic|Charitable||Foundation|||7,152|7,152|
|Barings|LLC|||||29,167|16,800|
|Total Grants Received||||in|advance|86,319|124,785|
##
||||Balance at
01.09.21|Incoming|Outgoing|Transfers|Balance at
31.08.22|
|---|---|---|---|---|---|---|---|
|Unrestricted
Funds||||F|E||F|
|Designated
Fund|||120,000|0|0||120,000|
|General
Funds|||182,423|250,285|(238,088)||194„619|
|Total Unrestricted||Funds|302,423|250,285|(238,088)|0|314,619|
|Restricted
Funds||||||||
|Education|||0|230,322|(230,322)|||
|Total Restricted||Funds|0|230,322|(230,322)|||
|Total Funds|||302,423|480,607|(468,410)|0|314,619|
|2021 Comparative||||||||
||||Balance at
01.09.20|Incoming|Outgoing|Transfers|Balance at
31.08.21|
|Unrestricted
Funds|||E||F||F|
|Designated
Fund|||120,000||0||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|
##
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##
|||General|Designated|Restricted|Total 2022|
|---|---|---|---|---|---|
|Fixed Assets||2,913|||2„913|
|Current|Assets|207,727|120,000|86,319|414,046|
|Current|Liabilities|(16,021)||(86,319)|(102,340)|
|||194,619|120„000||314,619|
|2021 Comparative||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|
##
|
erating
leases|as follows:||
|||
|---|---|---|---|---|---|
|||||Total 2022|Total 2021|
|Operating
leases|which expires:||||E|
|Office Equipment|(photocopier|lease)|within one year||607|
|Office Equipment|(photocopier|lease)|2- 5Years|||
||||||607|
##
##
|||Unrestricted|Restricted|Total 2021|Total 2020|
|---|---|---|---|---|---|
|||F||E||
|Income and endowments|from:|||||
|Donations
8 Legacies||86,413|3,400|89,813|88,185|
|Charitable
activities||114,877|207,287|322,164|328,709|
|Other Income —CJRS grant|||20,397|20,397|68,723|
|Investments
(bank Interest)||17||17|202|
|Total Income||201,307|231„084|432,391|485,818|
|Expenditure
on:||||||
|Raising Funds||57,102||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||60,600|46,571|
|Reconciliation
in Funds||||||
|Net Movement
in funds||60,600||60,600|46,571|
|Total Funds brought
Forward||241,823||241,823|195,252|
|Total Funds carried Forward||302,422||302„422|241,823|