| Reference and Administrative | Reference and Administrative | Details. | |
|---|---|---|---|
| Report ofthe Trustees | |||
| Independent Examiner's |
Report..... | ||
| Statement of Financial Activities. | |||
| 8alance Sheet.. | .10 | ||
| Statement ofCash Flows. | |||
| Notes to the Accounts. | 12-23 |
| Note | Restricted | Unrestricted | Total | Total | ||
|---|---|---|---|---|---|---|
| 2020-21 | 2020-21 | 2020-21 | 2020 | |||
| 12months | 12months | 12months | 3months | |||
| f | f | f | f | |||
| Income | ||||||
| Donations 8 legacies |
403,012 | 422,907 | 825,919 | 239,301 | ||
| Charitable activities |
43,915 | 43,915 | ||||
| Investment income |
425 | 425 | 253 | |||
| Trading income |
13,445 | 13,445 | ||||
| Other income | 2,457 | 2,457 | 14,768 | |||
| Tota I Income | 403,012 | 483,149 | 886,161 | 254,322 | ||
| Expenditure | ||||||
| Raising funds | 102,193 | 102,193 | 25,808 | |||
| Charitable activities |
457,793 | 143,358 | 601,151 | 118,330 | ||
| Total Expenditure | 457,793 | 245,551 | 703,344 | 144,138 | ||
| Net Income/(Expense) | (54,781) | 237,598 | 182,817 | 110,184 | ||
| Transfers Between Funds | 66 | |||||
| Net Movement Between |
Funds | (54,715) | 237,532 | 182,817 | 110,184 | |
| Total Funds Brought Forward | 251,176 | 286,454 | 537,630 | 427,446 | ||
| Total Funds Carried Forward | 196,461 | 523,986 | 720,447 | 537,630 |
| The Literacy Pirates | Limited | Limited | |||||
|---|---|---|---|---|---|---|---|
| Balance Sheet | |||||||
| As at 31stAugust 2021 | Company | Registration | Number: 7790039 | ||||
| Note | 2020-21 | 2020 | |||||
| f | f | ||||||
| Fixed Assets | |||||||
| Tangi bi e Fixed Assets | 19,652 | 21,871 | |||||
| 19,652 | 21,871 | ||||||
| Current Assets |
|||||||
| Debtors | 29,312 | 78,776 | |||||
| Cash at bank and in | hand | 747,443 | 513,092 | ||||
| 776,755 | 591,868 | ||||||
| Liabilities | |||||||
| Creditors: amounts | falling | ||||||
| due within one year | 12 | (75,960) | (76,109) | ||||
| Net Current Assets | 700,795 | 515,759 | |||||
| Total Assets less Current | Liabilities | 720,447 | 537,630 | ||||
| The Funds ofthe Charity | |||||||
| Restricted funds | 15 | 196,461 | 251,176 | ||||
| Designated funds |
16 | 19,652 | 21,871 | ||||
| Unrestricted funds |
16 | 504,334 | 264,583 | ||||
| Total Charity Funds |
720,447 | 537,630 |
| Note | 2020-21 | 2020-21 | 2020 | |||||
|---|---|---|---|---|---|---|---|---|
| 22 | months | 3months | ||||||
| f | f | |||||||
| Cash flows from operating | activities | |||||||
| Net cash flow from operating | activities | 242,045 | 211,765 | |||||
| Cash flows from investing | activities: | |||||||
| Purchase of tangible fixed |
assets | (8,119) | ||||||
| Interest income | 425 | 253 | ||||||
| Net cash flow from investing | activities: | (7,694) | 253 | |||||
| Net increase/(decrease) in |
cash and | cash | ||||||
| equivalents in the period |
234,351 | 212,018 | ||||||
| Net cash and cash equivalents | at the | start | ofthe period | 513,092 | 301,074 | |||
| Net cash and cash equivalents | at the | end ofthe period | 747,443 | 513,092 | ||||
| Cash and cash equivalents | are made | up of | cash held at the bank, | in hand, and in deposit accounts | only. | |||
| These comprised of: |
||||||||
| 2020-21 | 2020 | |||||||
| 22 months | 3months | |||||||
| f | f | |||||||
| Cash in hand | 196 | 395 | ||||||
| Cash at bank | 662,247 | 427,697 | ||||||
| Cash on short term deposit | 85,000 | 85,000 | ||||||
| 747,443 | 513,092 |
| Restricted | Unrestricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||||
| 2020-21 | 2020-21 | 2020-21 | 2020 | |||||
| 12months | 12months | 12months | 3months | |||||
| f | f | f | f | |||||
| Axis Foundation | 5,000 | 5,000 | ||||||
| Bain Capital Children's |
Fund Europe | 75,000 | 75,000 | |||||
| Bernard Sunl ey Foundation |
5,000 | |||||||
| Clarion Futures | 5,000 | 5,000 | 2,000 | |||||
| Constable Education Trust |
5Q,OOO | 50,000 | ||||||
| CPF Trust | 1,000 | 1,000 | ||||||
| David Tebbutt Trust | 3,000 | 3,000 | ||||||
| Derwent London |
5,000 | 5,000 | 5,000 | |||||
| Fidelity UK Foundation |
20,000 | 20,QOO | ||||||
| Gosling Foundation |
25,000 | 25,000 | ||||||
| Hargreaves Foundation |
30,000 | 30,000 | ||||||
| Jack Petchey Foundation | Company | 11,845 | 11,846 | 4,648 | ||||
| King's College London | 3,010 | 3,010 | ||||||
| Leathersellers' Company |
Charitable | Fund | 15,000 | 15,000 | ||||
| London Community Response |
Fund | 15,000 | 15,000 | 31,123 | ||||
| Masonic Charitable Foundation |
5,000 | 5,000 | ||||||
| Mayor's Young Londoners |
Fund | 38,762 | 38,762 | 11,630 | ||||
| Monday Cha rita ble Trust |
20,000 | 20,000 | ||||||
| Pears Foundation | 15,000 | 15,000 | ||||||
| Swire Charitable Trust |
25,000 | 25,000 | 25,000 | |||||
| The 29th May 1961Charitable | Trust | 4,000 | 4,000 | |||||
| The Charity of Sir Richard (The Mercers' Company) |
Whittington | 55,000 | 55,000 | |||||
| The Fore (The Bulldog Trust) | 5,000 | |||||||
| The Goldsmiths Company |
20,000 | 20,000 | ||||||
| The Haberdashers' Company |
2,000 | 2,000 | ||||||
| The National Lottery |
10,000 | 10,000 | 50,000 | |||||
| The Pantheon Charitable |
Trust | 10,000 | 10,000 | |||||
| The Sir Trevor Chinn Charitable | Trust | 1,000 | 1,000 | |||||
| Together we Can | 4,600 | 4,600 | ||||||
| UBS | 2,000 | 2,000 | ||||||
| West Hackney Parochial |
Charity | 15,000 | 15,000 | |||||
| Other Trusts 5 Foundations | 10,200 | 74,500 | 84,700 | |||||
| Individual donations |
5,595 | 201,477 | 207,072 | 97,294 | ||||
| Corporate donations |
42,929 | 42,929 | 2,606 | |||||
| 403,012 | 422,907 | 825,919 | 239,301 |
| 3) Incom | e from Charitable A |
ctivities | |||
|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| 2020-21 | 2020-21 | 2020-21 | 2020 | ||
| 12months | 12months | 12months | 3months | ||
| f | f, | f | f | ||
| Referral | Partners | 43,915 | 43,915 | ||
| Total | 43,915 | 43,915 |
| 4) Other In | come | |||||
|---|---|---|---|---|---|---|
| Restricted | Unrestricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| 2020-21 | 2020-21 | 2020-21 | 2020 | |||
| 12months | 12months | 12months | 3months | |||
| f. | f | f | ||||
| Coronavirus | iob Retention | Grants | 2,457 | 2,457 | 13,555 | |
| Property Sub-let and service charges | 13,445 | 13,445 | 1,213 | |||
| Total | 15,902 | 15,902 | 14,768 |
| 5) Ex | penditure o |
n Raising Funds | ||
|---|---|---|---|---|
| 2020-21 | 2020 | |||
| 12months | 3months | |||
| f | f | |||
| Staff | costs | 97,095 | 25,418 | |
| Other | fundraising | costs | 5,098 | 390 |
| 102,193 | 25,&08 |
| 2020-21 | 2020 | |||
|---|---|---|---|---|
| 12months | 3months | |||
| f | f | |||
| Staff costs | 423,372 | 83,067 | ||
| Education | materials | and activities | 26,093 | 4,407 |
| Volunteer costs | 2,605 | 22 | ||
| Fantastical | space costs | 81,307 | 12,173 | |
| Depreciation | 10,338 | 2,196 | ||
| Other costs | 31,609 | 11,558 | ||
| Support costs (see | note 7) | 24,482 | 4,407 | |
| Governance | costs (see note 7) | 1,345 | 500 | |
| 601,151 | 118,330 |
| 2020-21 | 2020 | ||||
|---|---|---|---|---|---|
| 12months | 3months | ||||
| f | f | ||||
| Support costs: | |||||
| IT and telephone | costs | 19,653 | 2,805 | ||
| Office supplies | 3,874 | 1,351 | |||
| Other costs | 955 | 251 | |||
| Total support costs: | 24,482 | 4,407 | |||
| Recharged to charitable | activities (see note 6) | 24,482 | - | 4,407 | |
| Governance costs: |
|||||
| Independent Examiners' |
fees | 1,295 | 500 | ||
| Trustee meeting | and expenses costs | 50 | |||
| Total governance | costs: | 1,345 | 500 | ||
| Recharged to charitable | activities (see note 6) | 1,345 | 500 |
| 9)Staff Costs | ||
|---|---|---|
| 2020-21 | 2020 | |
| 1Z months | 3months | |
| f | f | |
| Wages and salaries | 473,807 | 99,139 |
| Social security costs | 38,841 | 7,851 |
| Pension costs | 7,818 | 1,494 |
| 520,466 | 108,484 |
| 2020 | 2020 | |
|---|---|---|
| 12months | 3months | |
| f | f | |
| Wages and salaries | 135,211 | 40,320 |
| Social security costs | 14,539 | 4,040 |
| Pension costs | 2,214 | 716 |
| 151,964 | 45,076 |
| Leasehold | Computer | ||||
|---|---|---|---|---|---|
| Improvements | Equipment | Total | |||
| E | E | E | |||
| Cost or valuation: | |||||
| At the start ofthe financial | period | 25,411 | 11,094 | 36,505 | |
| Additions in the financial |
period | 8,119 | 8,119 | ||
| At the end ofthe financial | period | 25,411 | 19,213 | 44,624 | |
| Depreciation: | |||||
| At the start ofthe financial | period | 8,470 | 6,164 | 14,634 | |
| Charge for the financial | period | 5082 | 5,256 | 10338 | |
| At the end ofthe financial | period | 13,552 | 11,420 | 24,972 | |
| Net book value: | |||||
| At the end ofthe financial | period | 11859 | 7,793 | 19,652 | |
| At the start ofthe financial | period | 16,941 | 4930 | 21,871 | |
| 11)Debtors | |||||
| 2020-21 | 2020 | ||||
| E | E | ||||
| Trade debtors | 12,913 | 9,371 | |||
| Prepayments | 10,063 | 13,035 | |||
| Accrued Income | 54 | 50,000 | |||
| Other debtors | 6,282 | 6,370 | |||
| 29,312 | 78,776 | ||||
| 12)Creditors | |||||
| 2020-21 | 2020 | ||||
| E | E | ||||
| Trade creditors | 10,277 | 16,921 | |||
| Taxation and social security | 8,801 | ||||
| Accruals | 4,640 | 6,609 | |||
| Other creditors | 3,656 | 3,453 | |||
| Deferred income (see note | 12) | 57,387 | 40,325 | ||
| 75,960 | 76,109 |
| 2020-21 | 2020 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| Deferred | income brought forward | 40,325 | 8,524 | |||
| Amount | released to income | from Charitable | Activities | 39,204 | 8,524 | |
| Amount | of income deferred | during the financial | period | 56,266 | 40,325 | |
| Deferred | income held at the | end ofthe financial | period | 57,387 | 40,325 |
| Restricted | Designated | Unrestricted | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2020-21 | 2020-21 | 2020-21 | 2020-21 | ||
| f | f | f | f | ||
| Tangi bi e Fixed Assets | 19,652 | 19,652 | |||
| Cash at bank and in hand | 196,461 | 550,982 | 747,443 | ||
| Debtors | 29,312 | 29,312 | |||
| Less: current liabilities | 75,960 | 75,960 | |||
| 196,461 | 19,652 | 504,334 | 720,447 | ||
| Restricted | Designated | Unrestricted | Total | ||
| Funds | Funds | Funds | Funds | ||
| 2020 | 2020 | 2020 | 2020 | ||
| f | f | f | f | ||
| Tangible | Fixed Assets | 21,871 | 21,871 | ||
| Cash at | bank and in hand | 251,176 | 261,916 | 513,092 | |
| Debtors | 78,776 | 78,776 | |||
| Less: current liabilities | (76,109) | (76,109) | |||
| 251,176 | 21,871 | 264,583 | 537,630 |
| As at | As at | |||||||
|---|---|---|---|---|---|---|---|---|
| 1stSept 2020 | Income | Expenditure | Transfers | 31stAug 2021 | ||||
| 2020-21 | 2020-21 | 2020-21 | 2020-21 | 2020-21 | ||||
| 12months | 12months | 12months | ||||||
| f | f | f | ||||||
| Designated | Funds: | |||||||
| - Fixed asset fund | 21,871 | 10,338 | 8,119 | 19,652 | ||||
| Total Designated | funds | 21871 | 10,338 | 8,119 | 19,652 | |||
| Unrestricted | Funds | 264,583 | 483,149 | 235,213 | - | 8,185 | 504,334 | |
| Total Unrestricted | Fund | 286,454 | 483,149 | 245,551 | 66 | 523,986 | ||
| As at | As at | |||||||
| 1stJune 2020 | Income | Expenditure | Transfers | 31st Aug 2020 | ||||
| 2020 | 2020 | 2020 | 2020 | 2020 | ||||
| 3months | 3months | 3months | ||||||
| f | f | f | f | |||||
| Designated | Funds: | |||||||
| —Fixed asset fund | 24,067 | 2,196 | 21,871 | |||||
| Total Designated | funds | 24,067 | 2,196 | 21,871 | ||||
| Unrestricted | Funds | 188,390 | 131,366 | 54,983 | 190 | 264,583 | ||
| Total Unrestricted | Fund | 212,457 | 131,366 | 57,179 | 190 | 286,454 |
| 2020-21 | 2020 | |||
|---|---|---|---|---|
| 22 months | 3months | |||
| f | ||||
| Net movement in funds: |
182,817 | 110,184 | ||
| Add: Depreciation | 10,338 | 2,196 | ||
| Deduct: Investment | income | (425) | (253) | |
| Decrease/(increase) | in debtors | 49,464 | 52,416 | |
| Increase/(decrease) | in creditors | (149) | 47,222 | |
| Net cash flow from | operating | activities | 242,045 | 211,765 |
| 2020-21 | 2020 | ||||
|---|---|---|---|---|---|
| f | f | ||||
| Due | in | one | year | 33,562 | 35,182 |
| Due | in | 2-5 | years | 21,270 | |
| 33,562 | 56,452 |