THE
CHILDREN'S
LITERACY
CHARITY
The Children's Literacy Charity
Annual Report and Accounts
Year Ended 31st August 2024
Registered Charity Number 1124257
Company Incorporated in England and Wales
Registered Company Number 6251103

Contents
Legal and administrative details
From the Chair and CEO
Trustees, report
Financial review
10
Independent Auditors, report
15
Financial statements
19
The Children's Ltieracy Charity

Legal & Administrative Details
as at 31st August 2024
Charity Name:
The Children's Literacy Charity
Company Number:
6251103
Charity Number:
1124257
Registered Address:
44 Webber Street. London SE18QW
Telephone:
020 7740 1008
Email:
info@theclc.org.uk
Website:
vmw.thechildrensliteracycharity.org.uk
Patrons:
Sarah, Duchess of York
The Lord Hastings of Scarisbrick CBE
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)
Nicole Magoon
Andrew Martin
Dr Jenny Thomson
Senior Management.
Isabel Greenwood - CEO
Halima Begum - Head of Finan
Michelle Bennett- Head of Fundraising
Julie Taylor- Education Lead
Bankers:
Lloyds Bank plc
34 Moorgate. London EC2R 6PL
Scottish Widows
25 Gresham Street, London EC2V 7HN
Auditors:
Begbies Chartered Accountants and Registered Auditors
9 Bonhill Street. London ECZ4 4DJ
The Children's Literacy Charity

From the Chair and CEO
23124 was an important year for the charity as we expanded delivery of our expert literacy
intervention programmes, not just to an increased number of schools and more children
needing specialist support but also regionally.
Our overarching goal has always been to successfully close the literacy gap for those
children who are the furthest behind, prioritising pupils from disadvantaged backgrounds
who, without specialist intervention, will struggle to catch up. Achieving and maintaining
high level of impact from our tuition is, therefore, key and we are delighted to report that
23124 saw our strongest ever outcomes" for our well-established Literacy Lab programme
for younger primary school children, 750kn of graduates closed their reading age gap entirely
and 89 % closed or significantly narrowed their reading gap.
It is also pleasing to report that Reading Lab, our newer catch-up programme for older
primary school pupils. goes from strength to strength, with children making seven months of
progress in just one, 10-week block of expert tuition.
Across both these programmes, feedback from our partner schools provides growing
evidence of the positive effect improved literary levels have on confidence, resilience and
engagement in the classroom right across the curriculum.
Alongside our commttment to maintaining high impact, we continue to focus our delivery on
those children needing the most help whether due to poor economic circLJmstances,
challenging home lives. English as an additional language or special educational needs.
With high levels of educational disadvantage in some regions, we identified the potential to
reach more children by expanding out of our traditional London base and through building
relationships with Multi Academy Trusts (MATS). We were, therefore, delighted to partner
with the St Barts MAT in Stoke-on-Trent to start delivering Reading Lab in a number of their
primary schools in the summer term 2024, continuing through 2025. This has been highly
successful and provides a strong foundation for future regional growth.
Given the significant role parental support plays in a child's achievements we continue to
work closely with partner schools to involve parents and families in their child's literacy
journey with us. Parent workshops and ￿lebratIon assemblies are now established strands
to our delivery, supporting schools in their work to improve parental engagement.
An emerging theme during 23124 was that while we are able to evidence extraordinary
results for the Ghildren we work with, poor literacy levels continue to be a significant issue for
the majority of children from disadvantaged backgrounds.
Whether as a result of the lost school time during Covid and lockdowns or because school
absenteeism is currently a major concern, the risk of children being left behind is, sadly, ever
present across all age groups.
We have, therefore, continued to adapt our work to meet emerging needs and in 23124
trialled Reading Lab in secondary schools, supporting Year 7 & 8 children to reach age-
related literacy levels.
We also saw greater demand for our Reader Leader mentoring scheme in which we train
older pupils to become reading mentors for younger children. Operating at a national level
and across both primary and secondary schools, Reader Leader helps nurture a love of
reading and creates young reading ambassadors who themselves grow in the process.
The Children's Literacy Charity

While the need for effective literacy intervention is high, with increasing pressure on school
budgets and the closure of the Government's National Tutoring Programme, funding remains
a continual priority for the charity.
We are, therefore, extremely grateful to the individuals, trusts and foundations and corporate
organisations who have supported us this year. The literacy gap is not a new problem but we
are encouraged by the increased recognition from the philanthropic world that our work is
vitally important to give children who have not had the best start in life the opportunity to
succeed in today's world.
As ever we want to acknowledge the contribution of our growing band of tutors. The charity
has been fortunate to be able to attract highly skilled and dedicated tutors without whom we
would not be able to achieve our goal of supporting more children in need of life-changing
literacy. Finally, and equally worthy of mention, a huge thank you to our support team of staff
and trustees.
Jeffrey Defries, Chair of Trustees
Isabel Greenwood, CEO
The Children's Literacy Charty

Trustees Report
Our Vision
The vision of The Children's Literacy Charity is to close the literacy gap for those children
needing the most help, enabling them to achieve their true potential.
Working in schools in some of the most deprived areas of the country, the charity's specialist
tutors provide tailored, one-to-one and small group literacy tuition, giving children from
disadvantaged backgrounds the chance to catch up with their peers, grow in skills and
confidence and engage with learning.
The charity firmly believes in the value of early intervention, the importance of covering all
aspects of literacy - not just reading but comprehension, writing, speaking and listening -
and the benefits of a dedicated, highly trained expert tutor working in person with a child.
Together with rigorous assessment methodology, and our focus on working collaboratively
with school partners and parents, we deliver remarkable outcomes for children struggling
with literacy.
The scale of the need
Every year 150,000 of the poorest children start school with language skills one and a half
years behind their peers. For some their literacy gap is so significant they struggle to make
progress in the mainstream classroom throughout their primary education and ultimately at
secondary school too.
Children from the most disadvantaged backgrounds are often the furthest behind and if they
do not catch up, their literacy gap will have a profound effect on the rest of their lives. Poor
literacy affects Confiden￿ and engagement.. when children struggle at school they are more
likely to truant, and on leaving school, are less likely to find employment and more
vulnerable to criminal influences. By 2025 it is estimated that 1.5 million children in the UK
will reach age 11 unable to read well.
How we change lives, for good
The Children's Literacy Charity aims to transfomi the life chances of those children who are
at risk of being left behind in the education system. Through the provision of tailored, fa￿ to
face, specialist tuition, these children not only gain important literacy skills but start to
engage with learning, growing in self-esteem and resilience as a result.
The vulnerable children we work with have a literacy level that can be between one to two
years behind their peers, and sometimes greater. The barriers to their learning include-
coming from socioeconomically disadvantaged backgrounds" speaking English as an
additional language., having some form of special educational need such as dyslexia,
dyspraxia or mild autism- having parents or carers who also struggle with their literacy.,
experiencing chaotic home lives andlor disrupted school attendance.
We deliver a structured, multi-sensory literacy intervention which builds on the mechanics of
reading, developing language and understanding and ultimately opening up the opportunities
that reading fluency provides. Children not only close their literacy gap but we raise their
expectations of themselves as learners- with improved literacy skills, children can begin to
engage with the curriculum. This approach is the key to addressing the multiple, complex
barriers to learning eXperIen￿d by many children from disadvantaged backgrounds. Our
The Chiksren's Literacy Charity

literacy interventions broaden horizons, giving children who are most behind a crucial and
potentially life changing opportunity to return to the classroom with greater independence
and confidence.
In 2023124 the charity directly supported 1,045 children across both our specialist tuition and
our wider literacy work in primary and secondary schools.
Supporting children through our Expert Literacy Programmes
In 2023124 the charity's Expert Programme delivered 10,354 tuition sessions, supporting a
total of 603 children. 255 of these pupils were tutored through our Literacy Lab programme
and a further 348 children were tutored through the rollout of our Reading Lab programme.
We worked with 27 partner schools across London, Manchester, Nomich, Staffordshire and
Stoke-on-Trent. In four of these schools we partnered with AIIChild, formerly West London
Zone.
Literacy Lab
Each child or 1..3 group on the Literacy Lab programme has two, 45-minute, literacy
sessions per week with their tutor. Our intervention is particularly effective because we
capitalise on the strengths of each child and focus teaching on the areas where they need
the greatest help. In 23124 every child on the programme made progress and of the children
who graduated, the majority (89 % ) came within six months of closing their reading age gap,.
75 % closed their reading age gap completely and 780/0 achieved age-related comprehension
skills.
Children who joined our programme had an average reading age gap of 12 months and an
average reading comprehension gap of nine months against their chronological age. On
graduating from our programme, the children's average reading age was eight months
ahead and their reading comprehension age was on average 12 months ahead of age-
related expectations.
In 2023124, the pupils graduating from our Literacy Labs achieved remarkable ratio gains for
reading. This is the gain in reading age made during a chronological time span.
A gain of above 4.0 - that is for every one month on the programme, a child gains over four
months in their literacy development- is rated as 'remarkable impact,. In this academic year
the ratio gain for reading was 4.6 and for comprehension was 4.7. In comparison, an
average pupil in a classroom working at age-related expectations would make a gain of one
year in one academic year.
Our approach has been independently validated by the University of Sheffield which found
our Expert programme "demonstrated effectiveness in significantly progressing the literacy
skills of the most disadvantaged student groups in the country" and offered "a gold standard
in provision.
The launch of 1..3 Literacy Labs in 2022 has been especially successful, delivering outcomes
equal to 1..1, evidencing the value of small group tuition, even for younger children, and
offering schools the ability to support more Children needing this intervention while still
retaining all the advantages of face to face. in person tuition.
The Children's Literacy Charity

Reading Lab
As part of the expert programme in 23124, our small group Reading Lab intervention is
proving popular with schools and we delivered 23 Reading Labs in 16 schools.
Reading Lab is an intensive 10-week, 1.3 intervention aimed at KS2 IKS3 pupils who are
working towards age-related expectations and who will, with a short catch-up, be able to
narrow their literacy gaps.
Launched in 2021 and designed to address the leaming gaps caused by Covid and absence
from school, the focus of the programme is on reading comprehension, fluency and
vocabulary to build confidence and literacy skills as well as promote a love of reading.
Children attending Reading Lab have two 45-minute sessions each week over the 10-week
block, working with our own specialist tutor. Many of our partner schools use Reading Lab
for Year 5 to support the transition to Y6, in readiness for the move to secondary school, and
we are now seeing demand to support KS3 in secondary schools.
After the 10-week block of tuition, children made seven months of progress. 550/0 of the
children attending Reading Lab narrowed their reading gap and 29 % narrowed their gap to
within six months of the assessed reading age. Schools report a significant positive impact
on confidence levels and engagement in the classroom.
Children Supported Through Our Expert Programmes
Of the children we helped through our Expert tuition this year (all LiteracylReading Labs):
EAL
52% had English as an additional language
SEN
25% were in receipt of Special Educational Needs (SENI support
pp
54% were eligible for Pupil Premium
SEN&PP
15% were on the SEN register as well as being eligible for Pupil Premium
Reader Leader Training Programme
Alongside our expert literacy interventions, we continue to deliver our Reader Leader one-
day programme, training older 'Leaders' to become mentors to younger 'Readers'.
Demand for this training package continues to grow steadily and in 23124 we delivered the
Reader Leader programme in 21 schools across England, training 321 'Leaders' to mentor
at least 321 younger 'Readers'. Leaders then read with their Reader once a week for a
minimum of 18 weeks and in doing so gain an understanding of the reading process as well
as learning how to mentor. Teachers find the programme helps promote reading for
pleasure right across the school and we invested time in developing Reader Leader for
primary schools as well as secondary.
The Children's Literacy Charity

Charitable objects as set out in our governing document
Our primary goal is to advance educational equality by the provision of educational support
in England, tailored to individual children of primary and secondary school age needing extra
help in literacy skills, including those children with specific learning difficulties. We also
share our expertise through the delivery of training programmes.
Supporters of The Children's Literacy Charity
We are especially grateful to the many individuals and organisations who support our work
and would like to extend our sincere thanks to the following donors who have given so
generously over the year.
Artemis Charitable Foundation
Barings LLC
Campbell Lutyens
Girdlers, Company Charitable Trust
News UK
Brown Advisory
Garfield Weston Foundation
IHS Towers
Pulse
Recorra
SE Franklin Charity Trust
St Giles & St George
The Swire Charitable Trust
Squarepoint Foundation
Tallow Chandlers, Company
The Zochonis Charitable Trust
Theo Paphitis Charitable Trust
Wellington Management UK Foundation
Walcot Foundation
William Wates Memorial Trust
The Children's Literacy Charity

Financial Review
The total income for the year was £673,985 compared wth £628,146 in 2022123. Income
from Trusts and Foundations accounted for 31 % . with Corporate income totalling 340/0.
School fees accounted for 27 % , with the remaining 8 % being raised from a combination of
other income, including individual giving, general donations and training fees.
Total expenditure for 2023124 was £608,163 compared to £537,895 in 2022123. The
increased expenditure in 23124 reflects the growth in programme delivery over the year, with
84 /0 being spent on core activities and 160/0 on raising funds.
Other
Raising Funds
16%
School fees
27%
Trusts &
Foundations
31%
Income
Expenditure
Donation5
Corporates
Core Artivitie5
Reserves Policy
The reserves as at 31st August 2024 totalled £470,692. This is made up of the designated
liquidation fund of £420,000 and general funds of £50,692, of which £2,104 is invested in the
charity's fixed assets. As at 31 st August 2024 the charity's free reserves totalled £48,588.
The charity's resenies policy is to hold six months of expenditure in reserves for the purpose
of protecting the work of the charity in the short term should funding targets not be met or if
the charity should need to ceaselcurtail its activities. The policy is reviewed annually, when
specific factors affecting the level of reserves are reviewed, primarily relating to contractual
obligations for employees. As at 315t August 2024 the charity's free reserves were sufficient
to meet the trustees, reserves policy.
Going concern
The Trustees believe that the charity has adequate resources to continue in operational
existence as future funds receivable are anticipated to be sufficient to fund committed
projects. Nevertheless, they will continue to monitor the charity's spending and cash flow
regularly to ensure that its liabilities are met as they fall due. Thus they continue to adopt
the going concern basis of accounting in preparing the annual financial statements.
Risk Assessment and Management
The Trustees and Senior Management Team are responsible for the assessment and
management of risks faced by the charity, ensuring that all risks are reviewed and that there
are procedures and policies in place to mitigate against those risks.
A risk register is in place which is reviewed by the Trustees once a year at a board
meeting. Risks are identified during the review and are monitored and controlled on an on-
going basis. Risks include, but are not limited to, loss of key staff" changes in school needs
or Government policy" safeguarding. and shortFalls in fundraising.
The Childien's Literacy Charity
10

Investment Policy
Reserves are held on deposit with Lloyds Banking Group and Scottish Widows. A review of
the investment return is carried out on a regular basis and decisions on where to hold
surplus funds are made on the basis of interest rates and accessibility.
Organisational Structure
structure, Governance and Management
The Children's Literacy Charity is a charitable company limited by guarantee, incorporated
on 17th May 2007 and registered as a charity 30th May 2008. The company was established
under a Memorandum of Association which established the objects and powers of the
charitable company and is governed under its Articles of Association. In the event of the
company being wound up, members are required to contribute an amount not exceeding
£10.
Statement of Trustees Responsibility
The Trustees (who are also directors of The Children's Literacy Charity for the purposes of
company law) are responsible for preparing the Trustees, Report and financial statements in
accordance with applicable law and the United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year.
These give a true and fair view of the state of affairs of the charitable company and of the
incoming and outgoing resources and application of resources, including income and
expenditure of the charitable company for that period. In preparing these financial
statements, the Trustees are required to.
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to
any material departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charitable company will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and enable
them to ensure that the financial statements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the charitable Gompany and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of disclosure to the auditor
In so far as the Trustees are aware"
there is no relevant audit information of which the charitable company's auditor is
unaware;
they have taken all steps required to ensure that they are aware of any relevant audit
information and to establish that the auditor is aware of that information.
The Trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charity's website. Legislation in the United Kingdom governing
the preparation and dissemination of financial statements may differ from legislation in other
jurisdictions.
The Children's Literacy Charity

Recruitment and Training of Trustees
Recruitment of Trustees is carried out through nominations from within the Trustee Board
and through open recruitment. In order to assess their personal competence and
independence, a skills audit is conducted to assess suitability for any vacancies on the
Board.
Detailed role profiles and codes of conduct are set out in the Trustee Informationllnduction
Pack and appointments are based on the results of the skills audit and an assessment
process followed by a vote of the existing Trustees. New Trustees are given the last three
years, Annual Report and Accounts and are encouraged to read the Charity Commission's
document 'The Hallmarks of an Effective Charity"
Remuneration of senior staff
Remuneration of the Chief Executive is set by the Trustees and benchmarked using the
ACEVO pay review and similar roles in other medium sized charities. The same
benchmarks are used to set Senior Management pay. No employee is paid more than
£60,000 and employees receive no employee benefits other than their pay and pensions.
Senior Management
Responsibility for day-to-day operations and the leadership of the professional and volunteer
team is delegated to the Senior Management Team. The Senior Management Team is
responsible for all day-to-day decisions affecting the charity. Decisions of a strategic or
directional nature, including the employment of the senior staff, remain the responsibility of
the CEO & Trustees.
The Trustees keep up to date with charity regulation through reports from the Senior
Management Team which is presented as part of the main agenda in Trustees, meetings.
Trustees attend relevant training and are expected to share knowledge and best practice at
these meetings.
The charity has no subsidiaries and there were no related party transactions during the year.
The Trustees give their time voluntarily and receive no benefits from the Gharity.
The work of The Children's Literacy Charity is carried out by 38 individuals, comprising 32
paid staff and 6 volunteers.
Auditors
Begbies Accountants have indicated their willingness to continue in office and are deemed to
be reappointed in accordance with section 487(2) of the Companies Act 2006.
Preparation of the accounts
The financial statements have been prepared in accordance with FRS 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland" (FRS 102) 'Accounting
and Reporting by Charities" the Statement of Recommended Practice for charities applying
FRS 102 - Charity SORP (FRS102) Revised) the Companies Act 2006 and UK Generally
Accepted Accounting Practice as it applied from 1 January 2019. The charitable company is
a Public Benefit Entity as defined by FRS 102.
Public Benefit
The trustees have had regard to the Charity Commission's guidance on public benefit and
are satisfied that the company meets the public benefit requirement.
The Children's Literacy Charity
12

Future plans and goals 2024125
Strategic Aims
Education:
To continue to deliver high quality, high impact specialist interventions to close the
literacy gap for children from disadvantaged backgrounds who need the most help to
catch up.
To build strong, collaborative partnerships with schools and MATS, existing and new.
working to meet the evolving needs of schools, pupils and families
Organisation:
To ensure we have a stable. effective and sustainable infrastructure with the
capacity, skills and flexibility to support growth and the focus on reaching more
children from disadvantaged backgrounds where the need is greatest
Fundraising:
To develop income streams and funding partnerships, retaining existing support and
growing income from corporates, with a particular focus on significant, unrestricted
multi-year grants
Governance:
To maximise trustee engagement in support of education and fundraising goals and
charitable oversight.
Education
For 24125 we aim to:
Continue to reach more children through the core expert intervention programmes -
Literacy Lab and Reading Lab
Build on the existing regional presence. in particular, but not exclusively, in urban
areas with high Pupil Premium numbers in the Midlands and North West andlor to
support communities local to funders
Assess initial trial of the new Early Years (nurserylreception) intervention and roll out
to additional trial schools to help evolve the programme as a core expert intervention
alongside Literacy and Reading Labs
Develop new partnership opportunities with Multi Academy Trusts in London and the
regions
Grow Reader Leader national presence and where necessary recruit additional
trainers
Build parental engagement work, utilising effective ways to communicate, working
collaboratively with partner schools
Maintain high impact delivery through recruitment of high-quality tutors and ensure
effective and efficient pupil progress evaluation
Specific targets include:
Deliver 219 Expert Literacy Lab pupil places through 16 partner schools in
disadvantaged communities.
Deliver 1..3 catch-up Reading Labs, reaching 885 children in 26 schools in
disadvantaged areas
The Children's Literacy Charity
13

Income generation and Fundraising
Raise an overall income of £931,165. This will be achieved by raising £663,000
through fundraising, and securing £268,165 from school contributions and Reader
Leader training.
Focus on attracting significant. multi-year support from larger Foundations and
Corporates to build strong funding partnerships and allow the charity to plan and
manage growth
Continue to grow corporate income through effective targeting of potential funders
with aligned interests and a supportive relationship management approach including
ongoing evaluation of volunteering opportunities
Provide excellent account management to existing funders while increasing levels of
support through effective and appropriate funding applications
Ensure effective communication with funders and supporters through regular contact
and appropriate reporting.
Organisation
Implement refinements to Education and Finance processes and procedures to
optimise efficient use of team time and create a team structure and responsibilities
which supports sustainable growth
Refresh the website, developing more tailored content for parents and growing
communications through social media channels
Continue to produce a temly newsletter for schools and supporters and evaluate
more tailored communications for parents, schools and funders
Evolve how we tell our story through compelling and engaging content as well as
relevant supporting eviden￿ for the need for our work
Review assessment methodology to ensure we can continue to evidence our impact
through the capture of quantrtative and qualitative data of pupil progress.
Ensure that robust safeguarding policies and procedures are in placeladhered to.
Maintain facilities and infrastructure to meet organisational needs.
Governance
Facilitate strong trustee engagement through regular quarterly meetings.
Ensure trustees are fully informed and risks are recorded and reviewed regularly.
Ensure the charity is meeting rts legal obligations through the development and
submission of annual accounts in a timely fashion.
Jeffrey Defries, Chairman of Trustees
Date:
The Children's Literacy Charity
14

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF
The Children's Literacy Charity
Opinion
We have audited the financial statements of The Children's Literacy Charity (the 'Charity')
for the year ended 31 St August 2024 which comprise the Statement of Financial Activities,
the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including
a summary of significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting
Standards, including Financial Reporting Standard 102: The Financial Reporting Standard
applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted
Accounting Practice).
In our opinion, the financial statements..
give a true and fair view of the state of the Charty's affairs as at 315t August 2024
and of its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally
Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act
2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS
(UK)) and applicable law. Our responsibilities under those standards are further described in
the Auditor's responsibilities for the audit of the financial statements section of our report.
We are independent of the Charity in accordan￿ with the ethical requirements that are
relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material Un￿rtaIntieS
relating to events or conditions that, individually or collectively, may cast significant doubt on
the charity's ability to continue as a going concern for a period of at least twelve months from
when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the
information included in the annual report other than the financial statements and our
auditor's report thereon. Our opinion on the financial statements does not cover the other
information and, except to the extent otherwise explicitly stated in our report, we do not
express any form of assurance conclusion thereon.
The Children's Literacy Charity
15

In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent
with the financial statements or our knowledge obtained in the audit or otherwise appears to
be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material misstatement in the
financial statements or a material misstatement of the other information. If, based on the
work we have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit.
the information given in the trustees, report (incorporating the strategic report and the
directors, report) for the financial year for which the financial statements are prepared
is consistent with the financial statements- and
the Trustees, Report (incorporating the directors. report) have been prepared in
accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Charity and its environment obtained
in the course of the audit, we have not identified material misstatements in the Trustees.
Annual Report.
We have nothing to report in respect of the following matters in relation to which the
Companies Act 2006 requires us to report to you if. in our opinion..
adequate accounting records have not been kept or returns adequate for our audit
have not been re￿iVed from branches not visited by us.,
the financial statements are not in agreement with the accounting records and
returns-
certain disclosures of trustees, remuneration specified by law are not made" or
we have not obtained all the information and explanations necessary for the
purposes of our audit.
the trustees were not entitled to prepare the financial statements in accordance with
the small companies regime and take advantage of the small companies, exemptions
in preparing the directors, report and from the requirement to prepare a strategic
report.
Responsibilities of the trustees
The trustees are responsible for the preparation of the financial statements and for being
satisfied that they give a true and fair view, and for such internal control as they determine is
necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charity's
ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustees either intend to
liquidate the Charity or to cease operations. or have no realistic alternative but to do so.
The Children's Literacy Ch8rity
16

Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements
as a whole are free from material misstatement, whether due to fraud or error, and to issue
an auditor's report that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will
always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably
be expected to influence the economic decisions of users taken on the basis of these
financial statements.
Extent to which the audit was capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our
procedures are capable of detecting irregularities, including fraud is detailed below..
Agreement of the financial statement disclosures to underlying supporting
documentation",
Enquiries of management and the trustees as to their identification of any non-
compliance with laws or regulations. or any actual or potential claims-
Review of minutes of Board meetings throughout the period.,
incorporating unpredictability into the nature, timing andlor extent of testing.
Evaluation of the selection and application of the accounting policies chosen by the
charity.
In relation to the risk of management override of internal controls, by undertaking
procedures to review journal entries and evaluating whether there was evidence of
bias that represented a risk of material misstatement due to fraud. and
We assessed the susceptibility of the charity's financial statements to material
misstatement, including how fraud might occur by considering the key risks impacting
the financial statements.
Our audit procedures were designed to respond to risks of material misstatement in the
financial statements, recognising that the risk of not detecting a material misstatement due to
fraud is higher than the risk of not detecting one resulting from error, as fraud may involve
deliberate concealment by, for example, forgery, misrepresentations or through collusion.
There are inherent limitations in the audit procedures performed and the further removed
non-compliance with laws and regulations is from the events and transactions reflected in
the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities for the audit of the financial statements is located
on the Financial Reporting Council's website at.. [www.frc.org.uklauditorsresponsibilities].
This description forrns part of our auditor's report.
The Children's Literacy Charity

Use of our report
This report is made solely to the Charity's members, as a body, in accordance with Chapter
3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
might state to the Charity's members those matters we are required to state to them in an
auditor's report and for no other purpose. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the Charity's members as a body, for
our audit work, for this report, or for the opinions we have formed.
Katherine Dee (Senior Statutory Auditor)
For and on behalf of Begbies Chartered Accountants, Statutory Auditor
9 Bonhill Street
London
EC2A 4DJ
Date.. 1%1)
The Children's Literacy Charity
18

The Children's Literacy Charity
statement of Financial Activities
Year to 31 $1 August 2024
Including Income and Expenditure Account
Unrestricted Restricted Total 2024 Total 2023
Note
Income and endowments from:
Donations & Legacies
2a
243,743
9,000
252,743
198,950
Charitable activities
2b
182,143
238,519
420,661
428,927
Investments (bank Interest)
580
580
269
Total Income
426,466
247,519
673,985
628,146
Expenditure on:
4&5
Raising Funds
100,328
100,328
100,850
Charitable Activities
260,316
247,519
507,835
437,045
Total Expenditure
360.644
247,519
608,163
537,895
Net Incomel(Expenditure)
65,822
65,822
90,251
Net Movement in funds
65,822
65,822
90,251
Reconciliation in Funds
Total Funds brought Forward
404,870
404,870
314,619
Total Funds carried Forward
10&11
470,692
470,692
404,870
The statement of financial activities also complies with the requirements for an income and
expenditure account under the Companies Act 2006.
There were no recognised gains and losses in the period other than those shown above.
All of the above results are derived from continuing activities.
The notes 1-15 form a part of these financial statements.
The Children's Literacy Charity
19

The Children's Literacy Charity
Balance Sheet
As at 31st August 2024
Total 2024
Total 2023
Note
Fixed Assets
Tangible assets
2,104
1,834
2,104
1,834
Current Assets
Debtors
7,060
8,544
512,094
Cash at Bank
613,323
620,383
520,638
Liabilities
Creditors: Amounts falling due within one year
(151.795)
(117,602)
Net Current Assets
468.588
403,036
Net Assets
470,692
404,870
Funds of the Charity
Restricted
General
10
50,692
224,870
Designated
Total Funds
10
420,000
180,000
470,692
404,870
The notes 1-15 fonn part of these financial statements.
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved, and authorised for distribution, by the board on
and signed on their behalf by:
Jefftey Defries, Chairnian of Trustees
Date: 08 (La /io l )
Registered Company Number 6251103. Charity Number 1124257
The Chiklren'$ Literacy Charity
20

The Children's Literacy Charity
Statement of Cashflows
Year to 3181 August 2024
Note
Total 2024 Total 2023
Cashflows from operating activities.
Net Cash provided by (used in) operating activities
8a
102,123
113,129
Cashflows from investing activities..
{Purchase)Isale of tangible Fixed Assets
(1,474}
580
(1,240)
Interest from investments
269
Net cash provided by investing activities
101,229
112,158
Change in cash and cash equivalents in the reporting period
101,229
112,158
Cash and cash equivalents at the beginning of the reporting period
512,094
399,936
Cash and cash equivalents at the end of the reporting period
8b
613,322
512,094
Reconciliation of net debt
The charity had no net debt in the current or prior year.
The Children's Ltteracy Charity
21

Notes to the financial statements
Year to 31 St August 2024
1. Accounting Policies
Basis of Accounting
The financial statements have been prepared in accordance with FRS 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland" (FRS 102) "Accounting
and Reporting by Charities" the Statement of Recommended Practice for charities applying
FRS 102 - Charity SORP (FRS102) Revised) the Companies Act 2006 and UK Generally
Accepted Accounting Practice as it applied from 1 January 2019. The charitable company is
a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charitable
company. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention. The principal
accounting policies adopted are set out below.
Going concern
At the time of approving the accounts, the trustees have a reasonable expectation that the
charitable company has adequate resources to continue in operational existence for the next
12 months. Thus the trustees continue to adopt the going concern basis of accounting in
preparing the accounts.
The reserves comprise the Designated Fund of £420,000 to cover six months of running
costs and a further £50.692 is made up of general reserves. Of the general reserves £2,104
are invested in fixed assets leaving £48,588 of free reserves.
Funds Structure
Restricted funds are funds which are to be used in accordance with specific restrictions
imposed by the donor or which have been raised by the charity for particular purposes.
General funds are unrestricted funds which are available for use at the discretion of the
trustees in furtherance of the charity's objects.
Designated funds are unrestricted funds set aside by the trustees for particular purposes.
The funds set aside for this purpose are detailed in the reserves policy.
Incoming Resources
Income is recognised when the charitable company is legally entitled to it after any
performance conditions have been met. the amounts can be measured reliably, and it is
probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the
charitable company has been notified of the donation, unless performance conditions require
deferral of the amount. Income tax recoverable in relation to donations received under Gift
Aid or deeds of covenant is recognised at the time of the donation.
Donations in kind are recognised at an estimate of their fair value. Donated books are
included at wholesale value and donated professional services at the usual rates charged.
No value is placed on general volunteer or trustee time donated.
The Children's Literacy Charity
22

Grants are recognised at the point when the charity is notified of the grant. Grants shown as
donations are only deferred if they relate to a specific future time period as identified by the
donor, and the charity is not entitled to spend the funds before this period, or the charity is
not entitled to the funds without first meeting criteria which are yet to be met at the year end.
Grants are recognised as restricted if they are donated for a purpose more restrictive than
the ongoing operations of the charity. Grants are recognised as unrestricted if the donor
does not state and restriction on the use of the grant.
Grants that are received for the general operation of the charity, rather than on the basis of a
contract or for a specific level of service, are treated as donations. Were a grant is received
with a specified level of sen11￿, it wou5d be shown as income from charitable activities and
would be deferred to the extent that the charity has yet to fulfil the service level obligations.
School fees and training income are accounted for when they are receivable by the charity to
the extent that they are expected to be recoverable.
Income from fundraising activities which are in essence donations, such as sponsorships
from marathons and other challenge events are shown in donations and recognised in the
year the events took place.
Resources Expended
Expenditure is accounted for in the period to which it relates. The majority of costs are
directly attributable to the main activity of the charity which is to teach children with literacy
difficulties on a one-to-one basis to help them acquire basic literacy skills to enable them to
access the mainstream curriculum in the classroom.
Support costs represent general overheads which cannot be attributed directly to specific
activities in furtherance of the charitable object and accordingly have been allocated across
activities on the basis of the percentage of staff time or other appropriate cost driver.
Governance costs are included in support costs and represent those costs attributable to the
management of the charity's assets, organisational administration and compliance with
constitutional and statutory requirements.
The costs of generating funds are those costs of seeking potential funders and applying for
funding together with any indirect costs incurred in carying out this work.
Tangible Fixed Assets
All assets costing more than £400 are capitalised and included at cost. Depreciation is
recognised so as to write off the cost of the valuation of assets less their residual values over
their useful lives of 3 years or 5 years depending on the estimation of their useful life.
The charity does not hold any freehold land or buildings.
Impairment of Fixed assets
At the end of each year the charity reviews the carrying amounts of its tangible fixed assets
to determine whether there is any indication of those assets being impaired or damaged. If
this is the case the recoverable amount of the asset is estimated in order to determine the
extent of the impairment.
Cash and Cash Equivalents
Cash and cash equivalents include cash in hand and deposits held on call with banks.
The ChitdTen's Literacy Charity
23

Financial Instruments
The charitable company has elevated to apply the provisions of Section 11 "basic financial
instruments" and Section 12 '0ther financial instruments Issues" of FRS 102 to all of its
financial instruments.
Financial Instruments are recognised in the charitable company's balance sheet when the
charitable company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial
statements, when there is a legally enfor￿able right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Basic financial assets
Basic financial assets include debtors, cash and bank balances, are measured initially at
transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price.
Trade creditors are obligations to pay for goods and services that have been acquired in the
ordinary course of operations from suppliers. Amounts payable are classified as current
liabilities if payment 15 due within one year or less. If not they are presented as non-current
liabilities.
De-recognition of financial liabilities
Financial liabilities are derecognised when the charitable company's contractual obligations
expire or are discharged or cancelled.
Operating Leases
Payments made under operating leases are charged to the Statement of Financial Activities
as incurred.
Pensions
The charity enrols eligible workers in workplace pension schemes with NEST. All other
employees have a right to join the scheme should they so wish, with the Children's Literacy
Charity paying in to the contributions after 6 months of employment. All the pensions are
defined contribution bases and as such the assets and liabilities are held separately to those
of the charity. Contributions are recorded by the charity as they fall due.
Registered Office
The Charity's registered office is 44 Webber Street. London SE18QW.
Government Grants
School fees are received directly from the relevant schools and are not government grants.
The ChildTen's Literacy Charity
24

Notes to the financial statements (Continued)
For the year ending 31st August 2024
2a. Donations and Legacies
Notes
Unrestricted Restricted Total 2024
Donations
32,108
5,000
37,108
Legacies
TrustslFoundationslCorporates
11,796
11,796
196,894
4,000
200,894
Sponsorships
2,946
2,946
243,743
9,000
252,743
Notes
Unrestricted
Restricted
Total 2023
Donations
42,932
6,000
48,932
TrustslFoundationslCorporates
134,941
7,000
141,941
Sponsorships
8,077
8,077
185,950
13,000
198,950
2b. Charitable Activities
Notes
Unrestricted Restricted Total 2024
TrustslFoundationslCorporates
Fees from schools
238,519
238,519
170,500
170,500
Training activities
11.643
11,643
182.143
238,519
420,661
Notes
Unrestricted
Restricted
Total 2023
TrustslFoundationslCorporates
Fees from schoolslparents
Training activities and conferences
261,627
261,627
157,200
157,200
10,100
10,100
167,300
261,627
428,927
The Children's Literacy Charity
25

3. Income from Trusts, Foundations & Corporates
Unrestricted Restricted Total 2024 Unrestricted Restricted Total 2023
Within Donations (note 2a)
Informa
4.838
4,838
4,000
3.000
15,000
41,349
20,000
5,810
5.500
8,348
14.556
SE Franklin Charity Trust
SELCHP Lld
4.000
4,000
4.000
3,000
Wellington Managemenl UK Foundation
Squarepoint Foundation
Copyright Licensing Community Fund
Recorra
15.000
41.349
20.000
5,810
5,500
8.348
14,556
40,OCH)
40,000
5.386
5,386
Mrs Wordsmith - donation in kind
CVC Advisers Limited
Pulse - donation in kind
28.568
28.568
5.000
20.000
Artemis Charitable Foundation
5.000
20.000
20.000
20,000
33.000
Anonymous donation
The Percy Lane Foundation
Campbell Lutyens
News UK
20.000
20,000
33,000
24,940
200,894
Other grants £3000 and under
Total Grants - Donations
24,940
19.539
19,539
141,941
196,894
4,000
134,941
7,000
Within Charitable Activities (note 2b)
Deferred income brought forward
Received during the year
The Zochonis Charitable Trust
93.069
93.069
86,319
86,319
15,000
10.000
2,000
15.000
15.000
10,000
2.000
15.000
15,000
8,000
10,000
15,000
25.000
15,000
8,000
10,000
15,000
25,000
35,000
21,456
50,000
5,291
21,630
20,000
10,000
12,000
Girdlers, Company Charitable Trust linc. deferred)
St Giles & St George
The Swire Charitable Trust (inc. deferred)
Garfield Weston Foundalion
Wellington Management UK Foundation
Masonic Charitable Foundation
Barings LLC {inc. deferred)
Banham Foundation
35,000
35.000
35,000
21,456
50,000
5,291
21,630
20,000
10,000
12,000
50,O¢X)
50.000
Walcot Foundation
19,189
19.189
The Julia and Hans Rausing Trust
Sarah's Trust
Findlay Park
Brown Advisory
Theo Paphitis Charitable Trust
IHS Towers
9,178
9.178
8.000
8,000
12,000
12.000
29.2¢XI
29,200
15,000
15.000
55.000
55,000
3,000
3.000
0 (132.117) {132,1171
238,519
238,519
Tallow Chandlers, Company linc. deferred)
William Wales Memorial Trust
The Mercers, Company (inc. deferred)
Other grants £3000 and under
Deferred Income carried forward {See note 9b)
Totsl Grants - Charitable Activities
15,000
15,000
5,000
5,000
(93.069) (93,0691
261.627
261,627
The Children's Literacy Charity
26

4a. Summary Expenditure
The Children's Literacy Charity has one main activity - teaching children to read and write.
This involves literacy tuition and training volunteers, together with the support costs
associated with this activity.
Raising Charitable
Funds
Activities
Raising
Funds
Charitable
Activities
Total 2024
Total 2023
Direct Costs
Support Cost
Total
86,474
13,853
100,328
393,748
114,087
507,835
480.222
127,941
608.163
91,894
8,956
100,850
361,181
75,864
437,045
453,075
84,820
537,895
4b. Analysis of Support Costs
Raising Charitable
Funds Activities Total 2024
Raising Charitable
Funds
Activities Total 2023
Support Costs
staff
OfficellT
Finance
HRIAdmin
3,879
2,162
21
31,941
17,803
171
1,519
31,885
30,767
114,087
35,820
19,964
192
1,704
35,757
34,503
127.941
2,966
1,826
20
295
3,792
57
8.956
25,123
15.471
165
2,501
32,120
484
75,864
28,089
17,298
185
2,796
35,911
541
84,820
Governance
Communications
Total
3,872
3,736
13,853
Allocated based on the proportion of direct charitable activity and fundraising staff time
Total Expenditure for the year includes the following..
Total 2024 Total 2023
Depreciation (see Note 6)
Premises and Office costs
Auditors remuneration
1.204
19,964
4,800
2.319
17,298
4,440
5. Staff Costs
Total 2024 Total 2023
Salaries
447,364
21,872
6.088
397,437
18,080
5,691
1,300
422,508
Social Security Costs
Pension Costs
Redundancy costs
Total
475,324
The Children's Literacy Charity
27

Staff Numbers
The average number of staff employed during the year was 30, many of whom are part time.
In 2023 the average number of staff was 29.
Key Management Staff
Amounts paid to key management staff during the year was £160,653, of which £128,903
was paid through payroll and £31,750 was paid to freelance staff (£147,670 in 2023 of which
£120,670 was paid through payroll and £27,000 was paid to freelance staffj. This
represenls the salary of the CEO, Education Lead, Head of Fundraising and Head of
Finance. No employee was paid more than £60,000 in 2023 or 2024.
Redundancy Payment
Redundancy payments are recognised in the period in which the redundancy is
communicated to the employee. There were no outstanding redundancy payments at the
year end.
6. Fixed Assets
Office & General
Equipment
Fixtures
& Fittings
Total
Cost:
At 1st September 2023
Additions
25.062
428
25,490
1.474
117,719)
9.245
1,474
(428)
1,474
Disposal
As at 31st August 2024
(17,291)
7,770
Depreciation:
At 1st September 2023
Disposal
Charge for the period
As at 31st August 2024
23,228
(17,291)
1.137
7,073
428
23,656
(17,719)
1,204
7,141
(428)
67
67
Net Book Value
At 1s1 September 2023
1,834
1,834
As at 31st August 2024
697
1,407
2,104
The Children's Literacy Charity
28

7. Debtors & Prepayments
2024
2023
Tax reclaimed on gift aid donations
Debtors control account
1,187
4,050
2,307
4,093
Other debtors
460
881
Prepayments
1,363
1,263
Total
7,060
8,544
8a. Reconciliation of net incomel{expenditure) to net cashflow from operating activities
Total 2024
Total 2023
Net income for the reporting period (as per SOFA)
65,822
90,251
Adjustments for:
Depreciation
I nterest
1,204
1580)
1,484
34,193
2,319
(269)
5,565
15,263
113,129
(Increase)IDecrease in debtors
Sncreasel(Decrease) in creditors
Net cash used by operating activities
102,123
8b. Analysis of cash and cash equivalents
Total 2024
Total 2023
Current Account
572,402
471,652
40,223
219
Deposit Accounts
Petty Cash
40,803
118
613,323
512,094
The Children's Literacy Chanty
29

9a. Creditors
Total 2024
Total 2023
Tax and social security
Accruals
5,601
4,800
137,517
22
4,429
4,440
103,869
Deferred income (see note 9b)
Pension
Other creditors
3,855
151,795
3,915
117,602
9b. Deferred Income
Total 2024
Total 2023
Brought Forward
Transferred to income during the year
Grants
103.869
89,919
{103,869
5,400
132,117
137,517
{89,919}
10,800
93,069
103,869
Schools fees paid in advance
Grants deferred in year
CarrÉed Forward
Deferred grants are broken down as follows"
Total 2024
Total 2023
Masonic Charitable Foundation
7,152
29,167
8,000
8,750
15,000
25,000
Barings LLC
Girdlers, Company Charitable Trust
The Swire Charitable Trust
29,167
10,000
8,750
29,200
Tallow Chandlers, Company
Garfield Weston Foundation
The Mercers, Company
Total Grants Received in advance
55,000
132,117
93,069
The Children's Literacy Charity
30

10. Movement in Funds
Balance at
01.09.23
Incoming
Outgoing
Transfers
Balance at
31.08.24
Unrestricted Funds
Designated Funds-.
Emergency reserve
Capacity building
120,000
60.000
180,000
300,000
160,000)
240,000
420,000
420,000
General Funds
224.870
404,870
426,466
426,466
{360,644)
{360,644)
(240,0001
50,692
470,692
Total Unrestricted Funds
Restricted Funds
Education
247,519
247.519
{247,519)
{247,519)
Total Restricted Funds
Total Funds
404,870
673,985
(608,163)
470,692
2023 Comparative
Balance at
01.09.22
Incoming
Outgoing
Transfers
Balance at
31.08.23
Unrestricted Funds
Designated Funds..
Emergency reserve
Capacity building
120.000
120,000
60,000
180,000
60,000
60,000
120,000
General Funds
194.619
314,619
353.519
353,519
(263,268)
(263,268}
{60,000)
224,870
404,870
Total Unrestricted Funds
Restricted Funds
Education
274,627
274,627
(274,627)
(274,627)
Total Restricted Funds
Total Funds
314,619
628,146
(537,895)
404,870
Designated funds
The emergency designated fund is set aside in the event that the charity has to cease
operations. It covers roughly 6 months salary and other costs, which is the assumed time
that would be needed to close the charity.
The Children's Ltteracy ChaTity
31

Restricted Funds
Restricted funds - Education
These represent funds that have been given by donors at the year end for specific education
projects that have not been spent at year end or deferred for the next year.
Please refer to the Trustees, report for further explanation of all the above funds.
11. Net Assets by Fund
General
Designated
Restricted
Total 2024
Fixed Assets
2,104
2,104
620,383
{151,795)
470,692
Current Assets
68,266
420,000
132,117
(132,117)
Current Liabilities
(19,678)
50,692
420,000
2023 Comparative
General
Designated
Restricted
Total 2023
Fixed Assets
1,834
1,834
520,638
Current Assets
307,569
(24,533)
284,870
120,000
93,069
Current Liabilities
(93,069)
{117,602)
404,870
120,000
12. Future Commitments
As at 31st August 2024 The Children's Literacy Charity had no commitments under any
operating leases.
The office is occupied under licence terminable at three months, notice equating to £3,488 of
rent.
13. Transactions with trustees and related party transactions
Donations from trustees totalled £1,300 (2023.. £300).
No trustee received any remuneration in the year in 2024 or 2023.
One trustee was paid travel expenses of £143 in 2024 (2023: £0).
The trustees are covered under the general office insurance policy.
There were no other transactions with related parties requiring disclosure in 2024 or 2023.
14. Legal Structure
The charitable company's legal structure is that of a company limited by guarantee. In the
event of the company winding up, each member is liable to contribute to any deficit to a
maximum of £10 per member.
The Children's LileTaCy Charity
32

15. SOFA Comparatives
Unrestricted
Restricted
Total 2023
Total 2022
Income and endowments from:
Donations & Legacies
Charitable activities
185,950
167,300
13,000
198,950
428,927
127,793
342,780
10,000
34
261,627
Trading activities - sponsorship
Investments (bank Interest}
Total Income
269
269
353,519
274,627
628,146
480,607
Expenditure on".
Raising Funds
Charitable Activities
100,850
162,418
263,268
100,850
437,045
86,457
381,954
468,410
274.627
Total Expenditure
274,627
537,895
Net Incomel(Expenditure
90,251
90,251
12,197
Reconciliation in Funds
Net Movement in funds
90,251
314,619
404,870
90,251
314,619
12,197
302,423
Total Funds brought Forward
Total Funds carried Fonvard
404,870
314,619
The Children's Literacy Charity
33