Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Company registration number: 06895421
Charity registration number: 1130309 and SC041036
AMENDED
Read for Good
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2025
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 11 |
| Independent Auditors' Report | 12 to 15 |
| Statement of Financial Activities | 16 |
| Balance Sheet | 17 |
| Statement of Cash Flows | 18 |
| Notes to the Financial Statements | 19 to 27 |
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Reference and Administrative Details
| Chair | Ms Siobhain Whitty |
|---|---|
| Chief Executive Officer | Ms Justine Daniels |
| Charity Registration Number | 1130309 and SC041036 |
| Company Registration Number | 06895421 |
| The charity is incorporated in United Kingdom. | |
| Registered Office | 26 Nailsworth Mills |
| Avening Road | |
| Nailsworth | |
| Gloucestershire | |
| GL6 0BS | |
| Principal Office | 26 Nailsworth Mills |
| Avening Road | |
| Nailsworth | |
| Gloucestershire | |
| GL6 0BS | |
| Auditor | Hazlewoods LLP |
| Staverton Court | |
| Staverton | |
| Cheltenham | |
| GL51 0UX | |
| Bankers | Co-Operative Bank |
| 1 Balloon Street | |
| Manchester | |
| M60 4EP |
Page 1
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Trustees' Report
The Trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors' report of the charitable company for the year ended 31 August 2025.
Trustees and officers
The Trustees and officers serving during the year and since the year end were as follows:
Trustees: Ms Emma Bessent Ms Rachel Bolton Ms Anne Everall Mr Kevin Orchard (appointed 16 May 2025) Ms Paula Regan Ms Amanda Shields Ms Helen West Ms Siobhain Whitty
In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity Commission’s guidance on public benefit.
Why reading matters
Read for Good is the national reading for pleasure charity. We work with schools and hospitals to unleash the life-changing power of books and stories in children. We do this through our Readathon®, Track My Read®, Brilliant Box of Books, Read for Good in Hospitals and our Events Programme and free resources.
Reading for pleasure changes a child's life. It’s a matter of social justice - because children and young people who read for pleasure are more likely to do well at school, have jobs they love, be happy and lead fulfilled lives all thanks to the magic of a humble book or story.
However, despite the life-changing benefits of reading and the herculean efforts of charities like ours, the UK continues to see a steep decline in reading amongst children and young people. Reading for pleasure is increasingly being seen as a chore or ‘homework’, as social media and digital distractions continue to dominate the lives of children and young people.
In July 2025, the Government announced 2026 to be the National Year of Reading, aiming to “position reading as a powerful contemporary activity and will aim to engage new audiences in reading and to change the national reading culture for good.”
It is recognised that charities cannot solve the decline in reading in isolation and that if this decline is allowed to continue, leading to generational repeated patterns, it may never be recovered; the negative impact on our society, economy and nation as a whole cannot be underestimated.
As we look forward to the National Year of Reading in 2026, Read for Good will redouble its efforts to continue to provide practical, solution-oriented tools and resources to schools and hospitals across the UK to support reading for pleasure.
Page 2
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Trustees' Report
How Read for Good makes a difference
Read for Good is two years into a five year strategy that sets out to provide schools and hospitals with practical, evidence-based programmes that put the child and practitioner at their heart, to inspire a life-changing love of reading.
As the wider sector has reported and the Government has recognised, reading for pleasure is at a crisis point. At Read for Good we are investing more and working harder and more creatively to provide schools, hospitals, professionals and parents with solution-orientated, compelling programmes to inspire a love of reading. We continue to focus our efforts on ensuring our work has a meaningful, effective and lasting impact with the settings, professionals and children and young people with whom we work. It is not about reaching as many children as possible, but about making every opportunity and interaction have meaning and impact.
This has led to a strategic shift to better recognise the qualitative impact of our work by putting greater emphasis on the evaluation and subsequent development of our successful programmes.
Our work is underpinned by seven core principles:
-
●Reading for pleasure can change a child’s future
-
●All reading should be valued
-
●Access to, and a free choice of a diverse and vibrant range of reading options is vital
-
●Children must see themselves in books
-
●Reading for pleasure should be undirected and unassessed
-
●Rewards can ignite a love of reading
-
●Listening to stories is as beneficial as reading
Read for Good’s purpose is to provide expertise, free resources and support to the professionals who work with children. We are doing this by applying learnings from extensive OU research that identifies the key components essential for children and young people to consider themselves as readers and in turn, as learners. These components are Choice, Connections and Confidence.
Choice of reading is fundamental to engage a young person in the opportunity reading offers - we ensure our programmes offer a vibrant range of genres, titles, authors and illustrators to cater for all preferences, abilities and passions. Connection includes ensuring there are opportunities for a responsive adult to talk, listen and engage in a child’s reading experiences as well as opportunities for children to share their experiences with peers, family and friends.
Confidence is helping children and young people feel positive and valued in their own reading journey - confidence stems from Choice and Connections and builds a child’s own sense of identity as a reader.
Our work sets out to empower education and healthcare professionals to better support children in their care to read and to feel pride in their own reading journey. Through this, we believe that children will have brighter futures through a life-long love of reading, leading to improved academic and social outcomes and better mental health and wellbeing.
Read for Good's impact
Delivery in schools
We offer a wide range of pragmatic, tried and tested tools, activities and resources to support schools to encourage children to read for pleasure. We recognise the pressure schools and teachers are under and aim to provide time-saving, child-centred solutions; as one school librarian said:
“Readathon is solution focussed. We know the problem, but it's great to have somewhere to go for resources and a practical way to address the decline in reading.”
Schools can freely access Readathon®, Track My Read®, and Brilliant Box of Books along with a rich and vibrant range of online resources. All our programmes are created with both the child and professional in mind.
Page 3
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Trustees' Report
Delivery in schools (continued)
Readathon: Running since 1984, Readathon® is the original sponsored reading initiative for children and young people. Participants are asked to read for pleasure (anything goes - books, comics, song lyrics, audiobooks) in order to raise money to get books and stories to seriously ill children in the UK’s 30 biggest children’s hospitals.
Author Events : Read for Good has a compelling track record of running in-person and online author and illustrator events to inspire children and young people to love reading. From author visits to hospitals where children can meet an author in person, sometimes having one-to-one sessions through to huge, nationwide online events with best-selling authors - each one is designed to be fun, engaging and inspiring. We produced a short film showcasing our work in schools, hospitals and communities to share at online events.
Track My Read: Track My Read is a free, easy-to-use online tool for schools and families to engage and motivate children to read for fun. It is designed to encourage daily reading and invites users to share how their reading made them feel. Importantly, Track My Read values all reading - ensuring a child’s choices and opinions are heard, valued and respected. As well as encouraging positive reading habits, it prompts constructive conversations about books and stories.
Brilliant Box of Books: Read for Good’s expertly curated Brilliant Box of Books offers children and young people access a diverse range of brand-new books, comics and resources - all carefully selected to create a buzz about reading. Applications are welcomed from school or community settings needing to boost their reading for pleasure selection.
To support these programmes, we provide easy-to-use, high-quality resources, designed to engage pupils and make life easier for teachers and librarians. Importantly, we ensure all our resources and tools are free to access.
Our Books We Love website page presents hundreds of easy-to-access book reviews, to inspire reading choices, which sit alongside our Author Events Showcase packed full of inspiring author and illustrator films.
In addition, we provide storytelling in schools, teacher training for PGCE students and storytelling training for professionals working with children.
2024-2025
●Readathon resources sent to 901 Primary and Secondary schools across the UK reaching 281,243 pupils;
●Distributed £9,000 worth of National Book Tokens as a reward for schools participating in Readathon to engage pupils in book choice and ownership;
●Over 16 million minutes were read and recorded on our unique web-based app, Track My Read, across more than 272,000 reading sessions providing teachers and school librarians with instructive insight as to the reading behaviours and choices of their pupils;
●Provided 1,255 school, community settings and households with 15,739 brand-new books worth £133,094 in particular reaching disadvantaged children who may not have access to books at home;
●Delivered focused programmes in Gloucestershire with intensive delivery in 32 schools reaching nearly 7,572 pupils across the county with intensive reading interventions;
●Delivered in-person and online events showcasing a variety of authors and illustrators including Michael Rosen, David Baddiel, Philippa Gregory, Louisa Reed, Josh Silver and Nick Sharratt reaching with over 2,000 settings and nearly 200,000 children and young people registered to attend;
●Visited three universities, reaching over 233 trainee teachers, to help enlighten the next generation of teachers in the importance of reading for pleasure.
Page 4
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Trustees' Report
Delivery In Hospitals
Each year, over a million children are admitted to hospital in the UK, many with long-term conditions and complex care needs. Children of lower socio-economic status have poorer health outcomes and higher hospital admission rates. As well as enduring illness or injury, studies show that children in hospital also suffer the consequences of educational deprivation. Further, children from disadvantaged backgrounds have higher hospital admission rates and poorer health outcomes.
For children in hospital, the power of a book or story goes a long way, providing entertainment, comfort and solace during some of the most challenging times in a child’s life, as well as helping to mitigate missed education.
Read for Good provides the UK’s 30 major children’s hospitals with a regular supply of brand-new books and magical storyteller visits. Our service provides vital distraction and entertainment for children and their families, already disadvantaged by illness or injury. Feedback from parents, children, staff and storytellers evidences our impact in mitigating missed schooling, increasing book ownership, reducing isolation and anxiety and making children and their families happier and even improving the recovery of children in hospital.
2024-2025
●28,524 brand-new books worth £239,329 delivered to children in 30 of the UK’s major children’s hospitals across the UK;
●Read for Good's well-maintained, bespoke mobile bookcases, ensured a high-quality, inclusive, varied book selection for children and young people, to suit all ages and abilities;
●Delivered over 220 high quality, interactive professional storytelling days in person;
●Developed new story creation workshops in four London Hospitals engaging some of the most vulnerable children in books, stories and reading;
●Personal support and stewardship given to our storytellers and hospital staff from the Read for Good team - vital when in-person meetings were so difficult to achieve;
●Storytelling training to 41 varied professionals and individuals to improve their interactions with children - including Consultants, Nurses, volunteers working with children - with a conservative estimated impact on over 400 children and young people.
Delivery in communities
As a national charity based in Gloucestershire, we are committed to improving the outcomes of children in our local community. We continue to deliver our focused programme, 'READ Gloucestershire!', which provides schools and other community groups with support to firmly embed a culture of reading for pleasure in their settings.
In addition, we provide support to other regional organisations promoting reading in their local community, such as 'Whatever It Takes' in Leicestershire.
In partnership with National Book Tokens, we ran a second pilot for Brilliant Bookshop Experience with Kibworth Books in Leicester, which was such an incredible success when run in Gloucestershire the year before. This provided essential learnings to aid programme development with a view to scaling up delivery for the National Year of Reading in 2026.
2024-2025
●Bespoke Reading Aloud training and resources provided to 121 Literacy Leads in Gloucestershire to encourage and support reading aloud in classrooms; this was supported further with the donation of the same book to all attendees to read to their classes in the run up to Christmas, along with author videos reading a chapter herself.
●Four schools in Leicestershire received a Brilliant Bookshop Experience, in which schools were ‘flooded’ with £10 National Book Tokens for pupils in certain year groups; pupils either visited their local bookshop or the bookseller set up a pop-up bookshop experience in their school.
●Worked in partnership with key reading and education specialists in Gloucestershire to increase signposting and collaboration.
Page 5
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Trustees' Report
Measuring success
Evaluation and assessment are at the heart of everything we do, enabling us to be confident that we are delivering the right programmes with the maximum impact.
We seek feedback (both formal and informal) from all our stakeholders to help us assess, evaluate and amend our programmes.
From engaging with funders and stakeholders with our new strategic direction, to the evaluation of our programmes, we are keen to learn and adapt.
●Schools are encouraged to share their experiences of Readathon and our author events - both in terms of content and organisation and the difference they have made to their pupils’ reading habits;
●We review participation data for all our programmes and can analyse the demography of schools taking part and those not taking part;
●We maintain personal ongoing contact with many families who are willing to share their stories, explain their experiences and give us insights into what Read for Good’s work has meant to them;
- ●Storytellers feedback to us after every session, sharing quotes, case studies, stories and their reflections;
●Hospital staff are contacted regularly for informal feedback and annually with a survey to help us understand how our service can complement activity on a busy ward;
●We monitor social media, where families, schools, hospitals and community settings regularly reach out with their thoughts and comments. We plan to focus further on evaluation in 2025-26 to ensure consistent qualitative and quantitative evaluation of all our programmes. This will better inform impact and programme development.
With thanks to our supporters
Read for Good is incredibly grateful to the schools running Readathon and the friends and families who support participating pupils, as well as individual givers, corporate supporters and trusts and foundations who give generously to make our work possible.
We enjoy long-term partnerships with Scholastic Book Clubs and National Book Tokens, who continue to be generous in their support of our work. Supported by Scholastic Book Clubs, in 2024-25 we gave nearly 44,000 brand-new books to schools and hospitals worth £372,423 - books that offer children a vibrant world of excitement and discovery. Free book vouchers to the face value of £43,357 were given to schools in the UK to spend on books. The cost of these vouchers was shared equally with Scholastic Book Clubs.
In collaboration with National Book Tokens, we gave Book Tokens worth £9,000 to schools running Readathon, increasing book ownership among children and young people. In addition, the uplifting Brilliant Bookshop Experience run in partnership with National Book Tokens gave hundreds of children and young people a £10 Book Token and a pop-up bookshop in which to spend it.
We are incredibly grateful to our long-term partners for helping us to increase the impact of our work.
We are also grateful to the many publishers, authors and illustrators who give their time, gifts in kind, support events, donate books and support us financially to help us reach even more children.
In 2024-25 we received 85 grants under £5,000 from a wide-range of grant-making trusts and foundations across the UK. These gifts are the lifeblood of our hospital programme, with many supporting our work in specific hospitals. Just a handful of these grants can fund our work in a hospital for an entire year and we are extremely grateful to these funders.
A number of trusts also fund us year on year and we value these long-standing relationships enormously, allowing us to plan our work.
Page 6
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Trustees' Report
With thanks to our supporters ( continued)
Whilst we can’t acknowledge all our funders in this report, please know that if you are one of them, or have asked to remain anonymous, we couldn't run the hospital programme without you and we are hugely appreciative of your kind support. Thank you.
We would like to extend a special thank you to the following trusts, foundations, corporate partners and individuals who have given grants or donations of £5,000 or more this year, some of which has been carried forward to be spent in the following year:
Addenbrooke's Charitable Trust
Hugh Fraser Foundation
Jennifer Hayward and Richard Bhim Ruia Foundation Waite Childwick Trust John and Penelope Lebus Trust Clare Milne Trust Jones 1986 Charitable Trust D'Oyly Carte Charitable Trust Lawson Settlement Trust Dilkes Family Foundation Lord Cozens-Hardy Trust Mercers' Company - Trustee to Discworld Foundation The St Paul's Schools Foundation Miss Margaret Butters Reekie Edward Gostling Foundation Charitable Trust Evelyn Trust National Book Tokens Eveson Trust Old Possum's Practical Trust Focus Foundation Scott Bader Commonwealth Ltd Future Scope Charitable Trust Shears Foundation Garfield Weston Foundation Simon Gibson Charitable Trust Geoff & Fiona Squire Foundation The Julia Rausing Trust Halbard Charitable Trust Victoria Wood Foundation Hays Travel Foundation William Lithgow Foundation Helen Roll Charity
Page 7
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Trustees' Report
Financial review
Policy on reserves
The Trustees review the level of reserves at least annually. Read for Good is investing in programme delivery, evaluation and long term sustainability, with a planned deficit in each of the next two years. Recognising the challenging economic climate and the volatility of income from Readathon school sponsored read, the Trustees have prudently adjusted the current reserves policy in line with the above plans to hold reserves covering 9 to 12 months of planned expenditure.
In July 2025, Read for Good was notified of an intended legacy donation valued at £282,000, an exceptional donation by size and incidence. In line with the Charities SORP revenue recognition rules, this has been recognised in these 24/25 accounts, although the funds have not been received and there is no indication of when it will be realised. This brings total free reserves of £1,193,781 including the yet-to-be received legacy donation of £282,000. Total funds at 31 August 2025 include £6,500 (2024: £5,000) restricted by donors for specific projects and £30,429 (2024: £41,783) designated in relation to tangible fixed assets held by the Charity.
Excluding the extraordinary legacy donation, income from donations in 24/25 was up around 10% on the previous year, a modest increase driven by our grants and trust fundraising programme which offset reduced income from the school sponsored read. Expenditure has increased by around 6% year on year.
The financial position of the charity remains robust, with a prudent approach to financial management governing decisions to ensure charitable delivery continues to be maximised while ensuring a stability and sustainability for the future. The cash flow forecasts for the coming two years include a planned deficit as charitable delivery, evaluation and an investment in the charity team continues.
Principal funding sources
The principal funding source is voluntary income from a combination of grants from trusts and foundations and donations from members of the public, primarily through Readathon®.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Structure, governance and management
Nature of governing document
Read for Good is registered as a Charitable Company limited by guarantee and was set up by a Memorandum and Articles of Association on 5 May 2009, as amended by a special resolution on 11 June 2009. The Articles were amended by resolution and filed with Companies House on 20 May 2025. The charity registered with the Charity Commission on 24 June 2009 and with the Office of the Scottish Charity Regulator (OSCR) on 17 November 2009. The name of the Charity was changed from Readathon® to Read for Good by a resolution on 11 November 2010.
Recruitment and appointment of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the trust deed.
Induction and training of Trustees
The Board of Trustees constantly reviews the number of Trustees and recruits when required. Any new Trustees will have their responsibilities explained by the existing Trustees and other professional advisors as appropriate.
Page 8
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Trustees' Report
Organisational structure
As previously stated, the business of the Charity is overseen by the Board of Trustees which has legal responsibility for the organisation. The Trustees determine policies and boundaries under which the management team operates. The day-to-day management of the Charity is delegated to the Chief Executive Officer and, through her, the members of the staff team. The team works to deliver Read for Good's agreed strategic plan and targets, which are aligned to its core aims and objectives ensuring its current activities have maximum relevance and impact.
Pay policy for senior staff
The pay of the senior staff is reviewed annually, along with that of all employees, and normally increases are informed by national inflation rates and affordability. Pay benchmarking is carried out annually when salaries are reviewed and on recruitment of new posts through sector comparisons and reports, internet searching for similar posts and discussion with sector specialists.
Fundraising approach
Fundraising is essential for Read for Good’s charitable delivery. Donors can be assured that Read for Good complies with the regulatory standards for fundraising. We are registered with the Fundraising Regulator and are committed to the Fundraising Promise and adherence to the Code of Fundraising Practice.
There were no compliance issues during the course of the year.
We monitor and review our fundraising practices, maintain training for staff, and work hard to comply with current guidance and best practice.
The majority of our fundraising is carried out by in-house fundraisers employed by Read for Good; on occasion, we work with - and closely monitor - professional fundraisers governed by a contract in line with the Code of Fundraising Practice.
We do not conduct telephone or door-to-door fundraising. Where appropriate we have Commercial Participator Agreements in place. We ensure that our fundraising approach is appropriate for our audiences and always consider our impact on the public.
We welcome feedback and input from our donors, of any size, and operate a first-class stewardship programme for all donors to thank them and engage them further in our work.
We remain grateful to the schools and pupils running Readathon®, to their families and friends, the trusts and foundations, organisations and individuals who support our work financially.
Our website outlines our Complaints Policy for the public and explains how an individual can complain. We received zero complaints relating to fundraising in the financial year (2024: zero).
Read for Good endeavours to assist its supporters to make an informed decision about the support they choose to give us.
We do not accept donations where we have reason to believe that the donor may be experiencing vulnerable circumstances and accepting the donation would be ethically wrong and/or harmful to the donor.
Our Safeguarding Policy is available on our website and reviewed annually. Safeguarding is discussed at each Board meeting. Read for Good®, Readathon® and Track My Read® are registered trademarks of Read for Good.
Volunteers
We are enormously grateful to the team of regular volunteers who support our work. In addition to the service provided by our Trustees, during 2024-25 our volunteers donated 763 hours of time across the year. Read for Good have 11 regular volunteers supporting us in the office and on average we welcome nine volunteers each month. Thank you to all of our volunteers for their valuable support! Our skilled and committed Board of Trustees provide many additional hours of advice, support and oversight, ensuring good governance and strategy are at the heart of all we do.
Page 9
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Trustees' Report
Major risks and management of those risks
Financial risk
The Trustees are satisfied that there are adequate control systems in place to provide reasonable assurance against misstatement or loss. These include a strategic business plan reviewed by the Trustees regularly, monthly reviews of performance against targets, monthly budget reconciliations, delegation of authority to spend within defined limits and segregation of duties where appropriate. Other external risks to which the Charity may be exposed are identified and discussed at regular Trustee meetings and any appropriate actions implemented.
Plans for future periods
With the announcement of 2026 as a National Year of Reading, with Government backing and a concerted effort from all the various charities, organisations and individuals who share our passion to work together to bring about positive change, Read for Good is optimistic about the future. We are confident that our programmes help to inspire a life-changing love of reading. We are investing more resource in evidencing this and learning how best to shape our work in the years ahead.
We are determined to showcase and facilitate the role that reading can play to support our nation’s children and young people who face multiple challenges, navigating a complex world in uncertain and adversarial times. A love of reading will help children and young people to achieve improved academic outcomes, and perhaps more importantly, it supports good mental health and well-being.
Our work is getting harder. The burdens on the professionals we work with in schools and hospitals are overwhelming. The children and young people we want to reach the most are living increasingly challenging lives. It is because of this that we believe our work is vital and the need is urgent.
We look forward to the National Year of Reading and working alongside partners in the sector to bring about real change.
Page 10
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Trustees' Report
Statement of Trustees' responsibilities
The Trustees (who are also the directors of Read for Good for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its 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 apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
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 can 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Disclosure of information to auditor
Each member has taken steps that they ought to have taken as a member in order to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The Trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
Reappointment of auditor
The auditors, Hazlewoods LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion to appoint auditors at a future meeting of the trustees.
15/1/2026 The annual report was approved by the Trustees of the charity on .................... and signed on its behalf by:
......................................... Ms Siobhain Whitty Chair and Trustee
Page 11
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Independent Auditor's Report to the Members of Read for Good
Opinion
We have audited the financial statements of Read for Good (the 'charity') for the year ended 31 August 2025, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, 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 United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31 August 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 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 responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance 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 uncertainties 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 original financial statements were 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.
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.
Page 12
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Independent Auditor's Report to the Members of Read for Good
Opinion 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 for the financial year for which the financial statements are prepared is consistent with the financial statements; and
-
the Trustees' Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our 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' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 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 received from branches not visited by us; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of Trustees' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit.
Responsibilities of Trustees
As explained more fully in the Statement of Trustees' responsibilities (set out on page 11), 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 the Trustees 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.
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance 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.
Page 13
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Independent Auditor's Report to the Members of Read for Good
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:
We considered the nature of the company’s industry and its control environment and reviewed the company’s documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management about their own identification and assessment of the risks of irregularities.
We obtained an understanding of the legal and regulatory framework that the company operates in and identified the key laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements, including the UK Companies Act and tax legislation, and, those that do not have a direct effect on the financial statements but compliance with which may be fundamental to the company’s ability to operate or to avoid a material penalty.
We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.
In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments; assessed whether the judgements made in accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.
In addition to the above, our procedures to respond to the risks identified included the following:
-
reviewing financial statement disclosures by testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
-
performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatements due to fraud;
-
enquiring of management concerning actual and potential litigation and claims and instances of non-compliance with laws and regulations; and
-
reading minutes of meetings of those charged with governance.
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 is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Page 14
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Independent Auditor's Report to the Members of Read for Good
Use of our report
This report is made solely to the charitable company's Trustees, 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 Trustees 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 charitable company and its Trustees as a body, for our audit work, for this report, or for the opinions we have formed.
...................................... Scott Lawrence (Senior Statutory Auditor) For and on behalf of Hazlewoods LLP, Statutory Auditor
Staverton Court Staverton Cheltenham GL51 0UX 15/1/2026 Date:.............................
Page 15
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Statement of Financial Activities for the Year Ended 31 August 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations 3 Legacies 3 Investment income 4 Total income Expenditure on: Raising funds 5 Charitable activities 6 Total expenditure Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 17 Note Income and Endowments from: Donations 3 Legacies 3 Investment income 4 Total income Expenditure on: Raising funds 5 Charitable activities 6 Total expenditure Net income/(expenditure) Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 17 |
Unrestricted funds £ 673,570 284,864 45,148 1,003,582 (92,207) (609,677) (701,884) 301,698 301,698 922,512 1,224,210 Unrestricted funds £ 592,551 400 31,771 624,722 (64,709) (537,668) (602,377) 22,345 22,345 900,167 922,512 |
Restricted funds £ 475,508 - - 475,508 - (474,008) (474,008) 1,500 1,500 5,000 6,500 Restricted funds £ 446,496 - - 446,496 - (506,432) (506,432) (59,936) (59,936) 64,936 5,000 |
Total 2025 £ 1,149,078 284,864 45,148 |
|---|---|---|---|
| 1,479,090 | |||
| (92,207) (1,083,685) |
|||
| (1,175,892) | |||
| 303,198 | |||
| 303,198 927,512 |
|||
| 1,230,710 | |||
| Total 2024 £ 1,039,047 400 31,771 |
|||
| 1,071,218 | |||
| (64,709) (1,044,100) |
|||
| (1,108,809) | |||
| (37,591) | |||
| (37,591) 965,103 |
|||
| 927,512 |
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2025 and 2024 is shown in notes 17 and 18.
The notes on pages 19 to 27 form an integral part of these financial statements. Page 16
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
(Registration number: 06895421) Balance Sheet as at 31 August 2025
| Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand 14 Creditors: Amounts falling due within one year 15 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 17 |
2025 £ 30,429 326,163 945,150 1,271,313 (71,032) 1,200,281 1,230,710 6,500 1,224,210 1,230,710 |
2024 £ 41,783 70,191 946,314 |
|---|---|---|
| 1,016,505 (130,776) |
||
| 885,729 | ||
| 927,512 | ||
| 5,000 922,512 |
||
| 927,512 |
The financial statements on pages 16 to 27 were approved by the Trustees, and authorised for issue on 15/1/2026 .................... and signed on their behalf by:
......................................... Ms Siobhain Whitty Chair and Trustee
The notes on pages 19 to 27 form an integral part of these financial statements. Page 17
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Statement of Cash Flows for the Year Ended 31 August 2025
| Note Cash flows from operating activities Net cash income/(expenditure) Adjustments to cash flows from non-cash items Depreciation 6 Loss on disposal of tangible fixed assets 6 Investment income 4 Working capital adjustments (Increase)/decrease in debtors 13 (Decrease)/increase in creditors 15 Net cash flows from operating activities Cash flows from investing activities Interest receivable and similar income 4 Purchase of tangible fixed assets 12 Net cash flows from investing activities Net decrease in cash and cash equivalents Cash and cash equivalents at 1 September Cash and cash equivalents at 31 August The Charity has no external debt. |
2025 £ 303,198 10,886 468 (45,148) 269,404 (255,972) (59,744) (46,312) 45,148 - 45,148 (1,164) 946,314 945,150 |
2024 £ (37,591) 9,763 - (31,771) |
|---|---|---|
| (59,599) 11,816 (31,753) |
||
| (79,536) | ||
| 31,771 (4,800) |
||
| 26,971 | ||
| (52,565) 998,879 |
||
| 946,314 | ||
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 19 to 27 form an integral part of these financial statements. Page 18
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Notes to the Financial Statements for the Year Ended 31 August 2025
1 Charity status
The charity is limited by guarantee, incorporated in United Kingdom, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
The principal place of business is: 26 Nailsworth Mills Avening Road Nailsworth Gloucestershire GL6 0BS
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Read for Good meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The financial statements have been prepared on a going concern basis.
The Trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
Judgements
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Page 19
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Notes to the Financial Statements for the Year Ended 31 August 2025
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Donated goods and services are included at fair value and the income is recognised within income from donations and legacies.
Gift aid
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, and include an allocation of staff costs, platform costs and activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class Depreciation method and rate Short term leasehold property improvements 10 years straight line Office equipment 3 years straight line Computer equipment 3 years straight line
Page 20
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Notes to the Financial Statements for the Year Ended 31 August 2025
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the Trustees' discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the Trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
3 Income from donations and legacies
| Donations and legacies Donations from companies, trusts and similar proceeds Legacies |
Unrestricted funds General £ 673,570 284,864 958,434 |
Restricted funds £ 475,508 - 475,508 |
Total 2025 £ 1,149,078 284,864 1,433,942 |
Total 2024 £ 1,039,047 400 |
|---|---|---|---|---|
| 1,039,447 |
Figures for donated books and book vouchers are included within the above figures of general donation income.
Also included within donations is the legacy income of £282,000 that the charity was notified of in the year but hasn't received as at year end.
Page 21
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Notes to the Financial Statements for the Year Ended 31 August 2025
4 Investment income
| Other investment income 5 Expenditure on raising funds Costs of generating donations and legacies |
Unrestricted funds General £ 45,148 Direct costs £ 92,207 |
Total 2025 £ 45,148 Total 2025 £ 92,207 |
Total 2024 £ 31,771 |
|---|---|---|---|
| Total 2024 £ 64,709 |
6 Expenditure on charitable activities
| Unrestricted funds Restricted Note Designated £ General £ funds £ Staff costs - 164,045 275,713 Depreciation and amortisation 10,886 - - Other costs 468 434,278 198,295 11,354 598,323 474,008 Activity undertaken directly £ Staff costs 439,758 Depreciation and amortisation 10,886 Loss on disposal of tangible fixed assets 468 Hospital Reading Programme excluding staff costs and overheads 330,250 Schools Reading Programmes excluding staff costs and overheads 196,085 Consultancy 809 Office costs 46,708 Direct costs 46,292 Auditors remuneration 9,900 Other governance costs 2,529 1,083,685 |
Unrestricted funds Restricted Note Designated £ General £ funds £ Staff costs - 164,045 275,713 Depreciation and amortisation 10,886 - - Other costs 468 434,278 198,295 11,354 598,323 474,008 Activity undertaken directly £ Staff costs 439,758 Depreciation and amortisation 10,886 Loss on disposal of tangible fixed assets 468 Hospital Reading Programme excluding staff costs and overheads 330,250 Schools Reading Programmes excluding staff costs and overheads 196,085 Consultancy 809 Office costs 46,708 Direct costs 46,292 Auditors remuneration 9,900 Other governance costs 2,529 1,083,685 |
Total 2025 £ 439,758 10,886 633,041 |
Total 2024 £ 368,235 9,763 666,102 |
|
|---|---|---|---|---|
| 1,083,685 | 1,044,100 | |||
| 2025 £ 439,758 10,886 468 330,250 196,085 809 46,708 46,292 9,900 2,529 1,083,685 |
2024 £ 368,235 9,763 - 337,620 233,971 8,671 46,182 28,098 10,008 1,552 |
|||
| 1,044,100 |
7 Net incoming/outgoing resources
Net incoming/(outgoing) resources for the year include:
| Depreciation of fixed assets Loss on disposal of tangible fixed assets |
2025 £ 10,886 468 |
2024 £ 9,763 - |
|---|---|---|
Page 22
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Notes to the Financial Statements for the Year Ended 31 August 2025
8 Trustees remuneration and expenses
During the year the charity made the following transactions with Trustees:
During the year ended 31 August 2025, expenses totalling £1,024 (2024: £1,632) were reimbursed or paid directly to the trustees and the CEO. The expenses reimbursed were mileage claims for attendance at Board meetings and other general charity expenses. There were also donations of £10 (2024: £Nil) received from trustees in the year.
No trustee, nor any persons connected with them, have received any remuneration from the charity during the year.
9 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs |
2025 £ 471,985 43,640 10,835 526,460 |
2024 £ 380,492 38,992 7,898 |
|---|---|---|
| 427,382 |
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
| year was as follows: | ||||
|---|---|---|---|---|
| 2025 | 2024 | |||
| No | No | |||
| Headcount | 13 | 11 | ||
| FTE | 12 | 10 |
The number of employees whose emoluments fell within the following bands was:
| £60,001 - £70,000 | 2025 No 1 |
2024 No 1 |
|---|---|---|
The key management personnel of the Charity comprises the Chief Executive Officer, Chief Operating Officer and the Senior Leadership Team. The total employee benefits, including employers national insurance contributions, of the key management personnel of the charity were £271,070 (2024: £185,836).
As part of the charity's growth with the aim of increasing our reach and impact, over the year the charity expanded its senior management team and this is reflected in the total salaries for Key Management this year.
Page 23
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Notes to the Financial Statements for the Year Ended 31 August 2025
10 Auditors' remuneration
| 10 Auditors' remuneration | ||
|---|---|---|
| Other fees to auditors Audit-related assurance services Taxation compliance services |
2025 £ 9,900 - 9,900 |
2024 £ 9,348 660 |
| 10,008 |
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
12 Tangible fixed assets
| Cost At 1 September 2024 Disposals At 31 August 2025 Depreciation At 1 September 2024 Charge for the year Eliminated on disposals At 31 August 2025 Net book value At 31 August 2025 At 31 August 2024 |
Land and buildings £ 158,408 (71,319) 87,089 122,184 8,826 (70,851) 60,159 26,930 36,224 |
Furniture and equipment £ 5,438 - 5,438 4,519 460 - 4,979 459 919 |
Computer equipment £ 4,800 - 4,800 160 1,600 - 1,760 3,040 4,640 |
Total £ 168,646 (71,319) |
|---|---|---|---|---|
| 97,327 | ||||
| 126,863 10,886 (70,851) |
||||
| 66,898 | ||||
| 30,429 | ||||
| 41,783 |
Included within the net book value of land and buildings above is £Nil (2024: £Nil) in respect of freehold land and buildings and £26,930 (2024: £36,224) in respect of leaseholds.
13 Debtors
| Prepayments and deferred income Other debtors |
2025 £ 292,820 33,343 326,163 |
2024 £ 15,704 54,487 |
|---|---|---|
| 70,191 |
Page 24
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Notes to the Financial Statements for the Year Ended 31 August 2025
14 Cash and cash equivalents
| 14 Cash and cash equivalents | ||
|---|---|---|
| Cash at bank 15 Creditors: amounts falling due within one year Trade creditors Other taxation and social security Other creditors Accruals and deferred income |
2025 £ 945,150 2025 £ 19,396 13,205 - 38,431 71,032 |
2024 £ 946,314 |
| 2024 £ 54,519 10,904 2,630 62,723 |
||
| 130,776 |
Deferred income relates to amounts received before the year-end, in relation to the hospital programme, for sessions that are due to be held after the year-end.
16 Obligations under leases and hire purchase contracts
Operating lease commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
| Other Within one year Between one and five years |
2025 £ 26,779 39,790 66,569 |
2024 £ 26,779 67,325 |
|---|---|---|
| 94,104 |
The amount of non-cancellable operating lease payments recognised as an expense during the year was £26,779 (2024: £23,552).
Page 25
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Notes to the Financial Statements for the Year Ended 31 August 2025
17 Summary of Funds
| Balance at 1 September 2024 £ Unrestricted funds General 880,729 Designated 41,783 Total unrestricted funds 922,512 Restricted funds 5,000 Total funds 927,512 Balance at 1 September 2023 £ Unrestricted funds General 853,421 Designated 46,746 Total unrestricted funds 900,167 Restricted funds 64,936 Total funds 965,103 |
Incoming resources £ 1,003,582 - 1,003,582 475,508 1,479,090 Incoming resources £ 624,722 - 624,722 446,496 1,071,218 |
Resources expended £ (690,530) (11,354) (701,884) (474,008) (1,175,892) Resources expended £ (592,614) (9,763) (602,377) (506,432) (1,108,809) |
Transfers £ - - - - - Transfers £ (4,800) 4,800 - - - |
Balance at 31 August 2025 £ 1,193,781 30,429 |
|---|---|---|---|---|
| 1,224,210 6,500 |
||||
| 1,230,710 | ||||
| Balance at 31 August 2024 £ 880,729 41,783 |
||||
| 922,512 5,000 |
||||
| 927,512 |
Designated funds
The amount designated for fixed assets is equivalent to the net book value of fixed assets on the Balance Sheet.
The Trustees are directing a proportion of the surplus funds to support Read for Good's strategic objectives by investing in the charity's growth through personnel and planned activities to improve fundraising potential and to increase overall reach, delivery and impact.
Restricted funds
Hospital programme is an initiative started in 2010 which provides books and storytellers to children in hospital.
Grants received
The Charity has received specific donations towards the costs of running programmes in hospitals. Some of the donors are detailed in the Trustees' Report.
Page 26
Docusign Envelope ID: C4E063C2-5458-49FB-A427-F9DA4F3B6CAE
Read for Good
Notes to the Financial Statements for the Year Ended 31 August 2025
18 Analysis of net assets between funds
| Tangible fixed assets Current assets Current liabilities Total net assets Tangible fixed assets Current assets Current liabilities Total net assets |
Unrestricted funds General £ Designated £ - 30,429 1,264,813 - (71,032) - 1,193,781 30,429 Unrestricted funds General £ Designated £ - 41,783 1,011,505 - (130,776) - 880,729 41,783 |
Restricted funds £ - 6,500 - 6,500 Restricted funds £ - 5,000 - 5,000 |
Total funds at 31 August 2025 £ 30,429 1,271,313 (71,032) |
|---|---|---|---|
| 1,230,710 | |||
| Total funds at 31 August 2024 £ 41,783 1,016,505 (130,776) |
|||
| 927,512 |
19 Defined contribution pension scheme
The Charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £10,835 (2024: £7,656).
Contributions totalling £Nil (2024: £2,630) were payable to the scheme at the end of the year and are included in creditors.
20 Related party transactions
During the year Authors Aloud UK Limited, a charity with a trustee in common, donated £Nil (2024: £9,120) to Read For Good.
Page 27