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TEPA&¥
PipATES
Literacy, Confidence & Perseverance.
The Literacy Pirates Limited
Annual Reports and Financial Statements
Reporting Period: I Sept 2023 to 31 Aug 2024
Charity registration number- 1145115
Company registration number= 07790039

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Reference and Administrative Details
Status
The Literac¥ Pirates Limited is a charitable company limited by
guarantee, incorporated on 28 September 2011 and registered as
a charity on 16 December 2011.
Governing Document
The company was established under a memorandum of
association, amended by special resolution on 8 December 2017,
which established the objects and powers of the charitable
company and is governed under its articles of association.
Company registration number
07790039
Charity registration number
1145115
Registered Office
138 Kingsland High Street. London. E8 2NS
Principal Office
138 Kingsland High Street. London. E8 2NS
Board of Trustees
Philip Aldis
Alon Avner Ire5igned l November 20231
Nicholas Canning (Chair)
Melanie Exon
Katherine Fennell {resigned 13 March 20241
Chady Jouny (appointed 27 November 20241
Emma King (resigned 13 March 20241
Daniel Levy (appointed 27 November 20241
Fiona McAuslan
Aisha Miller-Dyer
Lea Mladineo (appointed 27 November 2024}
Paul Mundy-castle (resigned 3 September 20241
Funmbi Ogundiwin (appointed 27 November 20241
Amanda Salloum lappointed 27 November 20241
James Westhead {resigned 13 March 20241
Helene Williamson lappointed 27 November 20241
Chief Executive
Jude Williams
Telephone
0203 327 1777
Website
www.literac
irates.or
Email
admin
litera
irates.or
Bankers
Unity Trust Bank PIC
PO Box 7193
Planetary Road
Willenhall
INVI 9DG
Aldermore Bank PLC
l Floor, Block B. Western House
Lynch Wood
Peterborough
PE2 6FZ

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Flagstone Group Ltd
l Floor. Clareville House
26-27 Oxendon Street
London. SWIY 4EL
Auditors
Chariot House Limited
Chartered Accountants and Statutory Auditor
44 Grand Parade
Brighton
BN2 9QA
Senior Statutory Auditor
Shona Wardrop CA

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We are pleased to share with you our 2023-24 report of the trustees where we share what has happened over
the year at The Literacy Pirates.
We reflect on what the children attending our programme. we call them Young Pirates. have achieved since
Sept 2023 through our in-person, in Hackney and Haringey. and online programme. the Virtual Ship. We share
are impact and achievements as well as introduce our next strategy. www.litera
irates.or
act-re
ort
The Literacy Pirates Board of Trustees tTrustees] present their report and the external auditors report for the
period I Sept 2023 to 31 Aug 2024.
The reference and administrative information forms part of this report, and the financial statements comply
with current statutory requirements. the Memorandum and Articles of Association and the Statement of
Recommended Practice- Charities SORP (20191.
About us
The Literacy Pirates makes a transformative impact on the literacy. confidence and perseverance of children so
that they can achieve both at school and in the world beyond.
The Literacy Pirates works exclusively with children who are nominated by their schools because they are
underachieving at School and have fewer opportunities in their personal lives. Schoo15 are best placed to
identify children who are both falling behind in class and have fewer opportunities in their personal
circumstances.
Literacy is key to good school and life outcomes. So. at the Literacy Pirates children take part in reading and
writing practice provided at our high quality, after school learning programme.
We work with children aged 9 to 13 years old. around the transitional years between primary and secondary
school. We focus on those children who have major barriers to educational success because of their
parent's/families' socio-economic background at a time in their school career when traditional children slide
backwards in their literacy attainment.
The programme is devised and led by teachers. supported by adult volunteers giving children extra
personalised attention. It takes place in our specially created pirate-themed fantastical learning environments,
in-person and online, that are joyful and relentlessly positive. We believe that young people learn best when
working towards tangible, published projects- so each term our Young Pirates create high quality published
books, films and apps.
Why we are needed
On average children who come to The Literacy Pirates are 12 to 36 months behind in their reading age. This
means it is difficult to keep up with their richer peers in class. This can lead to disengagement from school and
even exclusion. This is especially concerning because reading for pleasure is a primary factor associated with
school success, even over socio-economic background IOECD, 20021.
Schools and families are looking for solutions to improve their children's literacy, quickly and sustainably. We
provide this. Our learning programme focuses on boosting literacy skills. as well as developing the children's
love of reading and cognitive Skills. all to help them achieve at School.
Our programme is devised and led by teachers
The programme is based on 'Reading for Pleasure. and 'redrafting writing, and 'speaking aloud. pedagogies. as
well as the principles that a low risk, positive environment gives children the ability to reinvent themselves as
successful learners.

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The Young Pirates read at each session. working through a set text that challenges them and having plenty
time to choose and talk about books. The pace of reading is set by the children with their adult volunteer. In
the second half of the session they undertake writing activities, which over a six-week period, create an
extended redrafted piece of writing. We publish these pieces of writing $0 they can feel proud of their hard
work.
The content of the programme is drawn from the Young Pirates own experiences and passions. The skills in
reading and writing that are taught in school, are prarticed at the Literacy Pirates.
121 and small group adult support
Young Pirates are supported during sessions by our Crewmates. adult volunteers. This gives them real-time
feedback and motivation as volunteers act like cheerleaders.
The volunteers are recruited and trained to confidently sUPPOrt literacy practice and to be a positivity boost
for the Young Pirates. Their motivating presence is one of our impact drivers. We had a growing community of
trained adults who join sessions on a regular basis and provide one to one or small group support.
We believe it is important that ouryoung Pirates work with people from a diverse range of backgrounds. We
recruit volunteers f rom the local community and reach others further afield through our partnerships with
universities and corporates.
Motivating Published Projects
We publish our Young Pirates. work as high-quality products. in order to give them tangible outcomes and a
sense of accomplishment. We celebrate effort and help foster confidence and pride in their work. At the end
of each term we bring together family and friends at joyous events that showcase the children's work.
During 2023-24 we proudly published the Young Pirate's work in books, newspapers, a screening at The Rio
Cinema and poster campaigns. You see some of these products at www.literac
irates.or
oun
irates-work
Achievements and Impact
Ship Building: 2021-24
Having started our three-
ear strate
inse
t 2021 we have achieved much. In fact we increased our numbers
of Young Pirates from 270 to 467. a 72% increase.
In this past year progress against our strategic goals has been good.
Strategic goal l - Increase the impact of the programmes.
The impact has been steady and improvements to the programme ensured we exceeded our targets on three
of the four measures. 83Yo of Young Pirates made progress in their literacy on the term-long Virtual Ship and
100% of Young Pirates of the year-long in-person programme.
We have published our Theory of Change and made good use of our new measurements tools and look
forward to assessing our impact against larger datasets in the coming year.
Strategic goal 2 - Increase the number of school partnerships.
School partnerships have grown from 31 to 40 in Hackney. Haringey, Barking & Dagenham, Ilford and Lambeth.
There is now a waiting list of schools for the next two terms. Our school's partnership work has been
strengthened by a new app that allows families to register speedily once their child is referred by their school.
and improved impact emails helping school leaders demonstrate the value of the programme.
Strategic goal 3 - Increase the number of volunteers recruited.
With investment in the volunteer management team. we have grown the number of volunteers from 240 to
380. Our community of volunteers are recruited through universities, corporate partnerships, local outreach

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and social media. Haringey has been particularly difficult to recruit volunteers for the in-person programme.
which was a contributing factor in deciding to move those operations online. We have found new routes to a
diverse pool of volunteers through recruitment sites like Indeed and increased our social media content to
attract young professionals.
Strategic goal 4 - Increasing the funds raised.
The team has been successful with income generation, with fundraised income at c105e to £1,000,000 this
year. Given the growing competitive fundraising environment we are pleased with the results and made use of
reserves that had built up since 2020. We continue to invest in our corporate partnership5 and major donor
programmes going forward to ensure we continue to diversify our income streams.
Strategic goal 5 - Build the organisational capacity.
The board led a strategic review which led to a new strategy for 2024 that focuses on growing the reach of the
Virtual Ship. To best achieve this we moved our Haringey schools onto the Virtual Ship and closed the physical
premises in Tottenham. This allows us to concentrate more fully on the Virtual Ship and reduce costs going
forward. Our offices and an in-person programme remain in Dalston, Hackney.
Ensuring we recruit and retain excellent staff is critical to our success. We have increased the specialisms with
the team. adding digital expertise. Having shifted in the last two years to working with an agile approach we
have been able to embrace challenges and address them at pace.
Through consultation we have worked on our culture. ensuring we are a good place to work and invested in a
senior leader to progress this work in the coming year.
Impact Reporting
92% of the children we worked with were in receipt of Pupil Premium Funding, care experience, or specific
teacher-identified socio-economic barriers. This means we are working with the right children and the
following results demonstrate the impact we consistently make.
We are committed to a rigorous and thoughtful approach to monitoring and evaluating the impact our
learning programme makes. Using best practice and with the support of Trust Impact, we changed our
measurement tools, adding more validated data questions to give us larger datasets to draw comparison from.
We use a mixture of qualitative and quantitative approaches to fully understand the impact.
In 2023-24 we used the following tools=
STAR Norm Referenced Standardised Score
Quantitative surveys with children. parents and teachers investigating progress in each of our core
skill areas.
Briefings with staff and volunteers, before and after Sessions to understand what is working well and
what needs adjustment.
Focus groups with children and parents.
Outcome l Reading- Children have improved reading skills and enjoy reading
Young Pirates read with an adult at their weekly sessions. We promote Reading for Pleasure, allowing children
to have a choice in what they read and creating a social environment of 'book talk,. Volunteers motivate the
children to keep reading and check for comprehension.
83% on the Virtual Ship term-long programme. and 100% in person year long Young Pirates made progress in
their literacy.
The Literacy Pirates has helped me with my reading and
making myself not too shy to read out loud... l am more
confident and I put my hand up more.
Maya. Young Pirate. aged 11

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Outcome 2 Writing- Children have improved writing skills and write more.
Young Pirates create a piece of writing across each half-term. Over the six-week period they embark on a cycle
of imagining, drafting and redrafting their written work. This process embeds learning and creates a piece of
work that took effort. We publish the children's work in tangible projects in order to provide motivation and a
sense of achievement.
Outcome 3 Confidence - Children have increased confidence as learners in the classroom.
We create a safe space for making mistakes and provide tangible challenges to work towards, as well as giving
the Young Pirates Opportunities to present their work and celebrate their achievements as often a5 P055ible.
We give children the confidence to ask questions. share their work and try in class, not just at our sessions.
90% of teachers saw an increase in confidence of the children.
Outcome 4 Perseverance - Children have increased levels of perseverance, put in more effort and keep going
when things are hard.
Academic success is hard work. We create an environment where children can feel successful and understand
that success takes perseverance. Using established approaches like modelling. co-construction and guided
reflection we help children to develop strategies for thinking about their own learning, or metacognition.
84°A of teachers said children tried harder in cla55 and 92% of parents & carers agreed.
' Interventions such as Literacy Pirates provide young people
in Haringey a space to dream and explore, all the while
nurturing a love of literacy and oracy. Their practice
transformative, pure and simple. Thank youfor everything,
Literacy Pirates1111
Teacher in Haringey
The Virtual Ship: 2024-27
Our online digital programme, Wirtual Ship. is now an established programme, with growing school demand.
It offers us the opportunity to work with children and communities who would not be able to come to a
physical venue and live in more remote areas. We are excited by its unique offer and the exciting potential to
reach many more children.
That's why our new strategy for 2024 to 2027 focuses on the growth of the Virtual Ship. Every term we will
increase the number of Young Pirates onboarded to the Virtual Ship, by 10-15%.
Our north star is to harness the potential of tech to reach 350 children per term. with the same rigour and joy
and ultimately give them the tools. mindset and confidence to succeed at school and beyond.

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Trustee governance & management
The organisation was established as a charitable company under a memorandum of association, which
established the objects and powers of the charitable company and is governed under its articles of association.
In accordance with the articles of association, the trustees retire by rotation at the end of their terms of office
and are eligible for re-election. The Trustees delegate the day to day management of the charity to the Chief
Executive. The Trustees have read and had due regard to the Charity Commission's public benefit guidance and
confirm that the charitvs work meets the requirements.
Organisation
The board of trustees, which can have up to 15 members. administers the charity. The Articles of Association
require that there should be a minimum of 5 and a maximum of 15 trustees. During the year the number of
trustees fell from 10 to 5, two as planned and a further three for unforeseen circumstances. However. we
successfully replenished the board with six new. highly skilled trustee5 who will join the board in Nov 2024.
The Board meets approximately three times a year. All have given their time and advice outside and beyond
the board meeting through the Advisory Committee structure. All new Trustees receive orientation and
induction training. as well as annual Safeguarding training for all.
Appointment of Trustees
The directors of the company are also charity trustees for the purposes of charity law. Under the
requirements of the Memorandum and Articles of Association. trustees retire after two year periods. and can
be re-elected for upto four terms, eight years. The board of trustees has power to appoint a trustee during the
year.
Trustee Recruitment
Trustees are recruited on the basis of relevant skills and empathy towards the organisation's charitable
objectives. The organisation uses open recruitment, specialist trustee recruitment databases and Social media
campaigns to find trustees.
Trustee Indurtion and Training
Potential new trustees are invited to attend a board meeting prior to appointment. New trustee5 undergo
orientation to brief them on their legal obligations under charity and company law. the content of the
Memorandum and Articles of Association, the board of trustees and decision making processes, the busine55
plan and recent financial performance of the charity. Safeguarding and child protection are also key elements
of the induction training. During the orientation they meet key employees and other trustees, and are given
an overview of the activities of the charity. Trustees are encouraged to attend appropriate external training
events where these will facilitate the undertaking of their role.
Reserves Policy
The Trustees review the charitvs reserve5 policy annually, to ensure we have reserves to allow for planned
growth. The policy is to hold reserves of three to six months of operating expenditure.
The Charity reported a deficit for the financial period though continued to comply with our reserves policy,
having free reserve5 of £544,205 equating to 5.7 months of operating cost cover at the reporting date.12022-
23.. £654,239 equating to 7.1 months of operating costs).
The deficit was planned, using free reserves accumulated over previous years and allowing investment in team
personnel and infrastructure.
Statement of Trustees, Responsibilitie5
The Trustees Iwho are also the dirertors of The Literacy Pirates Limited for the purposes of company lawl are
responsible for preparing the Report of the Trustees and the financial statement5 in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practicel.

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Company law requires the trustees to prepare financial statements for each financial year which 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 the income and expenditure, of the charitable company for that period. In preparing those
financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently:
observe the methods and principles in the Charity SORP-
make judgements and estimates that are reasonable and prudent:
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 which disclose with reasonable accuracy at
any time the financial position of the charitable company and to enable them to ensure that the financial
statements comply with the Companies Art 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.
In so far as the Trustees are aware=
there is no relevant audit information of which the charitable company's auditors are unaware- and
the Trustees have taken all step5 that they ought to have taken to make them5elve5 aware of any
relevant audit information and to establish that the auditors are aware of that information.
Risk Review
The Board retains a strategic risk register. updated before each board meeting. The major risks to the
organi5ation mirror our priority areas of school and volunteer recruitment and fundraising.
We are pleased that the volunteer numbers have steadily improved. and school partnerships increased. As the
fundraising landscape hardens, we are also impacted. though please to of again reached the £lmillion mark.
Reserve levels have fallen as we make use of accumulated income, and now is time to look for new
investment.
Our investment in the senior leadership team with a Head of Partnerships & Development and Head of
Operatioris & People will bring specialism and capacity to surmount the challenges ahead. These are
fundraising and also the increased use of technology and Al.
Finally
Thank You. Our thanks go especially to our ever-increasing community of volunteers, school partners and our
funders- all of whom are the driving force that enables us to deliver our programme and impact.
Thank You for joining us in our adventures in learning.
A salute to you alll
Feb 7. 2025
Nick Canning, Chair of Trustees

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Report of the Independent Auditor to the
Members of The Literacy Pirates Limited

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whether this gives rise to a material misstatement in the financial statements themselves. If, based on the
work we have performed, we conclude that there is a material mi55tatement 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 Report of the Trustees for the financial year for which the financial
statements are prepared is consistent with the financial statements- and
the Report of the Trustees has 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 charitable company and its environment obtained in
the course of the audit. we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matter5 where the Companies Act 2￿6 require5 U5 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,. or
the trustees were not entitled to take advantage of the Small companies exemption from the
requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees {who are also the directors
of the charitable company for the purposes of company lawl 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 charitable company'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 charitable company or to
cease operations, or have no realistic alternative but to do so.
Our responslbllltles for the audit of the financlal 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 a Report of the Independent Auditors
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 IUKI will always detect a material misstatement when it exists.
Misstatements can arise f rom fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be experted to influence the economic decisions of users taken on the basis of these
financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We discussed identified laws and regulation. fraud risk factors and the need to remain alert among the audit
team.
The charitable company is subject to laws and regulations that direttly affect the financial statements
including companies and financial reporting legislation. We assessed the extent of compliance with these laws
and regulations as part of our procedures on the related financial statement items, including assessing the
financial statements disclosures and agreeing them to supporting documentation where necessary.
io-

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The charitable company is subject to many other laws and regulations where the consequence of non-
compliance could have a material effect on amounts or disclosure in the financial statements, for instance
through the imposition of fines or litigation. We identified the following areas as those most likely to have such
an effect: health and safety, anti-bribery, employment law, environmental law.
We did not find any instances of non-compliance or breaches of the legislation framework applicable to the
charitable company.
We designed audit procedures to respond to the risk, 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 or intentional misrepresentations, or th rough
collusion.
We identified that the following area5 were of high risk:
Completeness of income. We performed various audit tests to ensure that income was not materially
understated in the financial statements.
Management override of controls. We performed various audit tests to ensure there was no material
management override of controls
We focussed on laws and regulations which could give rise to a material misstatement in the financial
statements, including, but not limited to, the Companies Act 2006, UK tax legislation. Charities Act 2011 and
Charities SORP 2019. Our tests included agreeing the financial statement disclosures to underlying supporting
documentation, enquiries with management and enquiries of legal counsel when considered necessary. There
are inherent limitations in the audit procedures described above 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 would become aware of it. We did not identify any key audit matters relating to irregularities,
including fraud. As in all our audits. we also addressed the risk of management override of internal controls,
including testing journals and evaluating whether there was evidence of management bias by the directors
that represented a risk of material misstatement due to fraud.
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.uk/auditorsresponsibilities. This description forms part of our
Report of the Independent Auditors.
Use of our report
Thi5 report is made solely to the charitable company'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
charitable company'5 members those matter5 we are required to State to them in an auditors, 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 the charitable company's members as a body, for our audit work, for
this report, or for the opinions we have formed.
Shona Wardrop CA (Senior Statutory Auditor)
for and on behalf of Chariot House Limited
Chartered Accountants and Statutory Auditor, 44 Grand Parade. Brighton. BN2 9QA
Date=
13 February 2025
li-

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The Literacy Pirates Limited
Statement of Fi nancial Activities Ilncluding Income and Expenditure Account)
For the financial year ended 31st August 2024
Note
Restrirted
202>24
Unrestrirted
202>24
Total
2023-24
Total
2022-23
Income
Donations & legacies
520.409
427.298
947,707
902,244
Charitable activities
51,000
105,843
Investment income
30.147
30,147
17,100
Trading income
19.909
19,909
16,465
Other income
3.852
204
4,056
6,245
Total Income
524.261
S28.SS8
1.052,819
1,047,897
Expenditure
Raising funds
15,998
160,810
176,808
208,975
Charitable activitie5
484.966
486.954
971,920
895,277
Total Expenditure
500.964
647.764
1.148,728
1,104,252
Net Income/{Expense)
23,297
1119,2061
195,9091
156,3551
Transfer5 Between Funds
Net Movement Between Funds
23,297
1119.2061
195,9091
156,3551
Total Funds Brought Forward
179,109
671.561
850,670
907,025
Total Funds Carried Forward
202,406
552,355
754,761
850,670
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The Literacy Pirates Limited
Balance Sheet
As at 31st August 2024
Company Registration Number: 7790039
Note
202>24
2022-23
Flxed Assets
Tangible Fixed Assets
13
8.150
17,322
8,150
17,322
Current Assets
Debtors
Cash atbankand in hand
14
78,119
929.412
64,130
856,533
I.￿)7,531
920,663
Liabilities
Creditors.. amounts falling
due within oneyear
15
260,920
87,315
Net Current Assets
746.611
833,348
Total Assets less Current liabilities
754.761
850,670
The Fund5 of the Charity
Restricted funds
Designated funds
Unrestrirted funds
18
19
19
202.406
8,150
544,205
179,109
17,322
654,239
Total Charity Funds
754,761
850,670
These financial statement5 have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 27 November 2024
and were signed on its behalf bv:
IAO
NitkC3nninglFeb7,2025 12..04GMTI
Nick Canning. Chair
Date.. Feb 7, 2025
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The Literacy Pirates Limited
Statement of Cash Flows
For the financial year ended 31st August 2024
Note
202>24
2022-23
Cash flows from operating activities
Net cash flow from operating activities
42,732
1101,3981
Cash flows from investing activities:
Purchase of tangible fixed assets
112,7951
Interest income
30,147
17,100
Net cash flow from investing attivities:
30.147
4,305
Net increase/ldecrease} in cash and cash
equivalents in the period
72,879
197,0931
Net cash and cash equivalents at the start of the period
856.533
953,626
Net cash and cash equivalents at the end of the period
929.412
856,533
Cash and cash equivalents are made up of cash held at the bank, in hand, and in deposit accounts only.
These comprised of..
202>24
2022-23
Cash in hand
Cash at bank
Cash on short temi deposit
106
504,120
425,289
262,710
593,717
929.412
856,533
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The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
The charity is a company limited by guarantee incorporated in England and Wales. The registered office is 138
Kingsland High Street. London, E8 2NS.
l) Accounting Policies
Accounting convention
These accounts have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in
the UK and Republic of Ireland" I'FRS 102.1. "Accounting and Reporting by Charities" the Statement of
Recommended Practice for charities applying FRS 102 (effective l January 20191- (Charities SORP IFRS10211,
and the Companies Act 2006.
The Charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in
these financial statement5 are rounded to the nearest £.
The financial statements have been drawn up for a 12 month period from the I" September 2023 to the 31"
August 2024. The comparative financial statements, described as "2022-23" in the notes to the financial
statements, cover the period I" September 2022 to 31" August 2023.
The accounts have been prepared under the historic cost convention, unless otherwise stated in the accounting
policies.
Assessment of going concern
The Charity recorded a deficit of £95,909 in the financial period and held net cash of £929,412 and free reserve5
of £544,205 at the balance sheet date.
At the time of approving the financial statements. the trustees have a reasonable expectation that the Charity
has adequate resources to continue in operational existence for the foreseeable future. In reaching this opinion,
the trustees have considered forward budgets and cash flow forecasts for a period of at least 12 months from
the date of signing accounts. The trustees continue to adopt the going concern basis in accounting in preparation
of financial statements.
Fund accounting
Unrestricted funds are general funds that are available for use at the trustees. discretion in furtherance of the
objective of the charity.
Designated funds are funds established by the trustees from time to time for specific projects or purposes, are
not in any way restricted and any surplus or deficit will be transferred to/from the general purposes fund when
the designated fund is closed. The value of fixed tangible assets. net of depreciation. is included under
designated funds as this value is considered unavailable for general purposes.
Restricted funds are those donated for use in particular area of specific purpose5. the use of which is restricted
to that area or purpose.
Income
Incoming resources are accounted for a5 soon Literary Pirates has entitlement to the income and there is both
probability of receipt and the amount is measurable.
Cash donations are recognised on receipt. Other donations are recognised once the 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.
Income from school referral partners is deferred across the duration of the academic terms for which they
have paid.
Grant income is recognised in full in the year in which it is receivable, unless there are specific performance
related conditions that prevent its recognition. Where performance conditions apply, grant income is deferred
until those conditions are met.
15-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E21X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
Expenditure
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the
expenditure. Expenditure is accounted for on an accrua15 basis and has been classified under headings in the
SOFA in the aggregate of all costs related to that category.
Cost of raising funds relate to those specific costs incurred in organising and staging fundraising events and
seeking voluntary contributions, together with employment costs of fundraising staff.
Charitable expenditure comprises those costs incurred by the charity in the delivery of it5 activitie5 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.
Support costs include central functions and have been 311oc3ted to activity cost categories on a basis consistent
with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the
time spent and other costs by their usage.
Governance costs comprise those costs associated with meeting the constitutional and strategic requirements
of the charity and the audit fees and costs linked to strategic management of the charity.
Volunteers
The Charity benefits from the contribution of many volunteers who give their time. In accordance with guidance
in the Charities SORP FRS 102, no monetary value is included in the accounts for an equivalent time cost given
by volunteers.
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 within days to a known amount of cash and are subject to an
insignificant risk of change in value.
Tangible Fixed Assets
Tangible fixed assets costing £1,000 or more including irrecoverable VAT and incidental installation costs are
capitalised, where they meet the definition of fixed assets according to the relevant financial standards in
force. Tangible fixed assets are stated at cost net of depreciation charged to date. Depreciation is charged on a
straight line basis to the following standards:
Leasehold Improvement5
20% 15 Years, orthe duration of the lease whichever the shorter
IT Equipment
33%13 Years
Tangible fixed assets are reviewed for impairment if circumstances indicate their carrying value may exceed
their net realisable value and value in use.
Investment policy and objertives
The Charity'5 risk appetite for financial investments is low to medium. Investments in bank saving5-based
products must be lal regulated under the jurisdiction of the UK and Ibl underwritten by the FSCS or other
government guarantee.
Fixed term deposits may only be placed where they do not place a risk on the Charity's abilities to pay its
obligations on time. At a minimum. the Charity must keep £250.000 available from a combination of the
current bank account and immediately liquid investments. Fixed term deposits may only be placed for a
maximum of 12 months.
Investing with social-purpose providers is favoured, however risk appetite takes precedent above ethical
factors.
The Charity's policy for investment returns on rented property is to achieve fair market rates on all short and
long-term sub-lettinB, Wlthin the parameters allowed by the head lease.
The Charity will not invest in trading subsidiaries or joint ventures unless the Board of Trustees has considered
and approved a viable business plan.
The Director of Finance is responsible for the day to day management of the charity's investments.
Investment performance is monitored and reported to the Finance. Audit and Risk Committee.
16-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E21X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
Investments are stated at market value, with realised and unrealised profits charged net to the statement of
financial activitie5.
Financial instruments
The charity has only financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and are subsequently measured at their
settlement value with the exception of bank loans which are measured at amortised cost using the effective
interest method.
Financial Assets
Trade and other debtors are recognised at the settlement amount due after anytrade discount offered.
Prepayments are valued at the amount prepaid net of any discounts due.
Financial Liabilities
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the obligation
can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement
amount after allowing for any discounts due.
Operating leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a
straight-line basis over the term of the relevant lease except where another more systematic basis is more
representative of the time pattern in which economic benefits from the lease asset are consumed.
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expenses when the Charity is demonstrably committed
to terminate the employment of an employee or to provide termination benefits.
Defined contribution pension Scheme
The Charity operates a defined contribution pension scheme that 15 compliant with Auto-Enrolment legislation.
The defined contribution pension scheme cost5 charged in the statement of financial activities represent the
employer's pension contributions payable by the Charity, and the balance payable reported in the notes to the
accounts represents a combination of employers, contributions and employees. deductions payable at the
balance sheet date.
Critlcal accounting estimates and judgements
In the application of the charity's accounting policies. the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Attual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates
are recognised in the period in which the estimate is revised where the revision affects only that period. or in
the period of the revision and future periods where the revision affects both current and future periods.
The Trustees do not consider there to be any estimates or judgements that are critical to the financial
statements.
17-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E2¢X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
21 Voluntary Income {Donations and Legacies)
Restricted
Funds
2023-24
Unrestricted
Funds
2023-24
Totsl
Funds
2023-24
Total
Funds
2022-23
AKO Foundatio
Allan & Nesta Ferguson Charitable Trust
Amazon
Axa
Bain Capital Children's Fund Europe
Bloomberg L.P.
Charles Jacob Charitable Trust
Charles S French Charitable Trust
Clarion Futures
CPF Trust
David Tebbutt Trust
Fitch Group
Forterra Building Products
FundApps
Giles UKLtd
Good Things Foundation
Google
Herefordshire Community Foundation
Investec
Jack Petchey Foundation Company
J J Charitable Trust
Kekst CNC
Kusuma Trust
L&Q Placemakers Fund
Lord Barnby Foundation
Lucas-Tooth Foundation
Mabs Mardulyn Charitable Foundation
M&G Community Fund
M&S Fund
National Grid
Phillips66 Ltd
Raise your Hands
Salesforce
Scouloudi Foundation
Sherborne in the Community
Society of the Holy Child Jesus
Swire Charitable Trust
The Big Give
The 81ue Thread
Subtotal Carried Forward
55.737
55,737
52,500
10,000
5,000
14,738
82,730
3,189
106,609
106,609
2,000
50
4,000
2,500
1,000
1,500
3,000
50
4,000
2,500
1,000
1,500
12.5(K)I
1,5
1,000
10,000
15.(KK)
15,000
1,000
4,200
3,899
3,000
6,000
4.200
3.899
6,255
3,000
11,6451
15,000
15,000
1,250
1.250
25,000
5,000
2,000
1,000
5,000
5,000
2,500
2,500
1,000
20,000
20,000
1,500
28,393
1.51X)
28.393
1,600
2,997
5,000
30.C
30,000
2,500
15,000
25,000
2,500
15,000
25.(KM)
9,460
5,000
248,824
249.546
116,092
365,638
18-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E2¢X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
21 Voluntsry Income {Donations and Legacies)
Subtotol Brought Forword
The Buzzacott Stuart Defries Mem'l Fund
The Charity of Sir Richard Whittington
IThe Mercers, Company)
The Considered Ask Foundation
The Constable Educational Trust
The Dixie Rose Findlay Charitable Trust
The D'oyly Carte Charitable Trust
The Foyle Foundation
The Generation Foundation
The Goldsmiths, Company
The Gosling Foundation
The Hadley Trust
The Haramead Trust
The Hargreaves Foundation
The Hedley Foundation
The Hiscox Foundation
The Lennox Hannay Charitable Trust
The Merchant Taylor5, Foundation
The Pantheon Charitable Trust
The Pears Family Charitable Foundation
The Percy Bilton Charity
The Portal Trust
The Prince of Wales Charitable Foundation
The Progress Foundation
The Re5t-Harrow Trust
The Salters Company
The Si r Trevor Chinn Charitable Trust No2
The Symondson Foundation
Tottenham Grammarschool Foundation
UBS
Walcot Foundation
West Hackney Parochial Charity
Other Corporate Giving
Other Trusts & Foundations
Individual Giving
Legacy Giving
249,546
116,092
365,638
1,000
248,824
22.500
41.363
57,000
3,000
3,000
22,500
41,363
57,000
3,000
3,000
22,500
16,667
28,000
3,000
30,000
500
20,000
20.INX)
20,000
25,000
5,000
25.000
5,000
5,000
30,000
30,000
30,000
2,000
10,000
2,000
8,000
12,500
15,000
2,952
3,000
25,000
30,000
25,(KKI
30,(
17,500
17,500
5,000
20.0(K)
500
20,000
500
5,000
500
si
500
1,000
5,000
5,000
18,000
30,000
15,000
1,454
80,500
271,269
10,578
25,000
15.000
25,000
15,000
3,143
72,500
154,063
3.143
72,5tK)
154.063
Totals
520.409
427.298
947,707
902,244
12022-23= £440.135 of funds were restricted and £462.109 were unrestricted)
The Literacy Pirates would like to thank all our funders. This includes those that joined the Captain's
Collective and those donors giving multi-year fundin& including our Pirate Pals, giving monthly donations.
Also those Trusts and Foundations, individuals and corporates who choose to give anonymously, plus
everyone who offers us pro-bono support.
19-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E2¢X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
31 Income from Charitable Activities
Totsl
Funds
2023-24
Total
Funds
2022-23
Income from School Referral Partners
Income from Alternative Provision
21,000
30,000
45,843
60,000
Total
51,000
105,943
The income listed above relates to the one charitable activity: promoting the education of people in the UK
through support to develop their literacy and creativity. All income from charitable activities was unrestricted.
12022-23: 311 income was unrestricted).
41 Investment Income
Totsl
Fund5
2023-24
Total
Funds
2022-23
Interest on Bank Deposits
30,147
17,100
Total
30,147
17,100
All investment income was unrestricted12022-23: all income unrestricted).
51 Trading Income
Total
Funds
2023-24
Total
Funds
2022-23
Property Sub-let rent & service charges
Occasional Room Hire
18,779
1,130
15,144
1,321
Total
19,909
16,465
All trading income was unrestricted {2022-23- all income unrestrirtedl.
-20-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E2¢X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
61 Other Income
Restricted
Funds
2023-24
Unrestricted
Funds
202>24
Totsl
Funds
2023-24
Total
Funds
2022-23
Charges for Staff Attendance at Events
DWPAccess to Work Grants
Sundry Reimbursements
200
3.852
12501
454
3,602
454
6,025
20
Total
3.852
204
4,056
6,245
12022-23: £6.025 of funds were restrirted and £220 were unrestricted).
71 Expenditure on Raising Funds
Restricted
Funds
202>24
Unrestricted
Funds
202>24
Totsl
Fund5
2023-24
Total
Funds
2022-23
Staff costs
Other fundraising costs
15.998
144.196
16,614
160,194
16,614
136,952
72,023
15.998
160.810
176,808
208,975
12022-23= £3.326 of expenditure was restricted 2nd £205.649 unrestricted).
81 Expenditure on Charitsble Activities
Restricted
Funds
202>24
Unrestricted
Funds
202>24
Totsl
Fund5
2023-24
Total
Funds
2022-23
Staff costs
Education materials and activities
Volunteer costs
Fantastical space costs
Depreciation
Other costs
Support costs Isee note 91
Governance costs (see note 91
411,866
28,111
5,736
34.007
305,213
14,719
3,460
79,679
9.172
33.205
33,868
7.638
717,079
42,830
9,196
113,685
9,172
35,570
36,749
7,638
653,013
47,320
5,446
96,951
11,244
51,234
24,325
5,744
2.365
2.881
484,966
486,954
971,920
895,277
12022-23: restricted expenditure was £468.844 and unrestricted expenditure £426.4331.
21-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E2¢X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
91 Support and Governance Costs
Restrirted
Funds
2023-24
Unrestrirted
Funds
2023-24
Total
Funds
2023-24
Total
Funds
2022-23
Supportcosts:
IT a nd telephone costs
Office supplies
Other c05tS
Total support costs:
Recharged to charitable activities
792
2.089
27.121
4.837
1.910
33,868
33,868
27,913
6,926
1,910
36,749
36,749
16,517
6,291
1,517
24,325
24,325
2.881
2.881
Governance costs:
Audit Fees
Trustee meeting costs
Total governance costs:
Recharged to charitable activities
7,440
198
7,638
7,638
5,670
74
5,744
5,744
198
7.638
7.638
12022-23= £3,294 of support costs expenditure was restricted, £21,031 was unrestricted. All Govemance costs were
unrestricted)
101 Taxation
The Charity is considered to pass the tests set out in Paragraph I Schedule 6 Finance Art 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 respert of income or capital gains received within categories covered by
Chapter 3 Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Art 1992, to
the extent that such income or gains are applied exclusively to charitable purposes.
-22-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E2¢X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
111 Comparatives for the Statement of Financial Activities
Restricted
2022-23
Unrestricted
2022-23
Total
2022-23
Income
Donations & legacies
440.135
462,109
902,244
Charitable artivities
105,843
105,843
Investment income
17,100
17,100
Trading income
16,465
16,465
Other income
6.025
220
6,245
Total Income
446,160
601,737
1,047,897
Expenditure
Raising funds
3.326
205,649
208,975
Charitable artivities
468.844
426,433
895,277
Total Expenditure
472.170
632,082
1,104,252
Net Income/(Expense)
126.0101
130,3451
156,3551
Transfers Between Funds
3,525
13,5251
Net Movement Between Funds
122,4851
133,8701
156,3551
Total Funds Brought Forward
201.594
705,431
907,025
Total Funds Carried Forward
179.109
671,561
850,670
-23-

Docusign Envelope ID: A965AOC2-3B614c6&8379-95B2E2￿FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
The Literacy Pirates Limited
Notes to the Financial Statements
For the financial year ended 31st August 2024
1215tsff Costs
2023-24
2022-23
Wages and salaries
Social security costs
Pension costs
788.643
72,268
16.362
717,238
59,654
13.074
877,273
789,966
One employee earned remuneration of between E60,CrtXJ and £70.OCM)12022-23- one employee earned
between £60,000 and £70,LK)01.
The average number of employees during the period were 2612022-23.. 261. Employees are counted
irrespective of whether the worker is employed full time or part time. in accordance with the requirements of
the SORP. As the Charity employs some part time and sessional workers, the average head count would be
22 based on full time equivalents I2022-23'. 221.
Key management personnel.
The trustees consider the Board of Twstees, Chief Executive Officer, Director of Fundraising, Director of Finance,
Head of Partnership5 & Development and Head of Operations & People to be the key management personnel of
the charity in charge of directing and controlling the charity and running the charity on a day to day basis.
All tnjstees give their time freely and no trustee remuneration was paid in the year. Details of trustees
expenses and related party transactions are disclosed in the notes of the accounts.
Trustees are required to disclose all relevant interests and registerthem with the board in accordance
with the charity's policy.
The pay of the CEO along with all staff 15 reviewed annually by the Board and when appropriate increased
taking into consideration inflation. average salaries in the area and salaries of other similar sized charities
to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.
The Head of Partnerships & Development joined in September 2024 and The Head of Operations & People joined
the Senior Leadership Team in August 2024. The Director of Fundraising left the charity in June 2024. Disclosure
of remuneration for key management personnel covers the period they were part of the Senior Leadership Team.
Included in the above staff costs are the remuneration paid to key management personnel over the
financial period=
2023-24
2022-23
Wages and salaries
Social security costs
Pension costs
176,981
19.612
3.744
164,546
17.855
3,122
200,337
185,523
The charity operates a defined contribution pension scheme provided byThe People's Pension which
satisfies the requirements of automatic enrolment pension legislation.
At the end of the year, amounts of £3,385 were due to the pension scheme provider12022-23.. £2,988).
Pension costs are allocated to the one charitable activity. These costs are split between restricted and
unrestricted funds in line with the individual funding agreements.

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E2¢X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
131 Tangible fixed assets
Leasehold
Improvements
Computer
Equipment
For Learning
Computer
Equipment
For Staff
Total
C05t or valuation..
At the start of the financial period
Additions in the financial period
Disposals in the financial period
At the end of the financial period
25.411
20.292
17,911
63,614
125,4111
125,411
38,203
20,292
17,911
Depreciation-
At the start of the financial period
Charge for the financial period
Depreciation on dispsals in the period
At the end of the financial period
23.716
1.695
125,4111
17.988
1,508
4,588
5,969
46,292
9,172
125,4111
30,053
19,496
10,557
Net book value..
At the start of the financial period
1.695
2.304
13,323
17,322
At the end of the financial period
796
7,354
8,150
141 Debtors
2023-24
2022-23
Trade debtors
Prepayments
Accrued Income
Other debtors
37,515
16,289
10,648
13,667
26,573
24,744
6,506
6,307
78,119
64,130
151 Creditors
2023-24
2022-23
Trade creditors
Taxation and social security
Accruals
Other creditors
Deferred income15ee note 161
19,368
8,128
13,112
7,228
213,084
23,514
8,118
6,511
49,172
260,920
87,315
-25-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E2¢X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
161 Deferred Income
2023-24
2022-23
Deferred income brought fO￿ard
Amount released to income from Charitable Attivities
Amount of income deferred during the financial period
Deferred income held at the end of the financial period
49,172
148,0511
211,963
213,084
56,442
155,321
48,051
49,172
Deferred income relates to funds received in the period but where the trustees judge that the criteria for
recognition is not yet met. Typically these incomes come from either restricted grants that are ringfenced for
staff salaries, or income from school partners that is earned across the academic years for which they fund.
Ofthe deferred income amount brought forward from 2022-23, £48,051 was released to income in 2023-24.
The new amount of deferred income in 2023-24 was £213,084 and this amount is carried forward to spend in
the future financial periods in accordance with the conditions Set by donors. In particular, the reason for the
large increase in deferred income is a multi-year gift with conditions, received in advance from a major donor.
171 Analysis of Net Assets Between Funds
Restrirted
Fund5
202>24
Designated
Funds
202>24
Unrestrirted
Fund5
2023-24
Total
Fund5
2023-24
Tangible Fixed Assets
Cash at bankand in hand
Debtors
Less.. current liabilities
8.150
8,150
929,412
78,119
1260,9201
202,406
727,006
78,119
1260,9201
202.406
8.150
544,205
754,761
Restricted
Funds
2022-23
Designated
Funds
2022-23
Unrestricted
Funds
2022-23
Total
Funds
2022-23
Tangible Fixed Assets
Cash at bankand in hand
Debtors
Less.. current liabilities
17.322
17,322
856,533
64,130
187,315
179.109
677,424
64,130
187,3151
179.109
17.322
654,239
850,670
-26-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E2¢X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
181 Restricted Funds
Asat
1st Sept 2023
Inrome
Expendff(ure
2023-24
Transfer5
Asat
31st Aug 2024
2023-24
2023-24
AKO Foundation
Amazon
Bain Capital Children's Fund Europe
Chades S French Charitsble Trust
Clarion Futures
Good Things Foundation
Herefordshire Community Foundation
Investec
J J Charitable Trust
Kusuma Trust
L&Q Placemakers Fund
Lord Barnby Foundation
M&G Community Fund
National Grid
Sherbourne in the Community
Society of the Holy Child Jesus
The Buzzacott Stuart Defries Mem'l Fund
55.737
155.7371
15.OLVJI
182.6651
14.0(M)I
15.OIKJI
82.51K)
106.609
106.444
4,21J)
4,200
13,OtKJl
16,0(KJl
15.(KKI
15.000
25.(MX)
125.OLKII
15.0(K)I
12.0(M)I
12,5001
I20,0￿)
12,51KJI
2.SCM)
20.IKK
2,5(Kl
15.(KKI
15,(KlO
i.(xJo
The Charily of Sir Richard Whittington (The
Mercers, Company)
The Considered Ask Foundation
The Constable Educational TrLJSt
The Dixie Rose Findlay Charitable Trust
The D'oyly Carte Charitable Trust
The Foyle Foundation
The Gosling Foundation
The Haramead Trust
The Hargreaves Foundation
The Hedley Foundation
The Merchant Taylors, Foundation
The Portal Trust
The Progress Foundation
The Rest-Harrow Trust
The Salters Company
Tottenham Grammar School Foundation
U8S
Walcot Foundation
West Hackney Pargchial Charity
Individual Giving
Other Income IDWP Access to Workl
22.5LKI
22.5
41.363
57.IKM)
127.657
141.3631
I57,0￿J}
13,OIKJI
13,OtK)I
112,IlV)I
17.343
12,109
25.(KKI
25.(KlO
15.OLKII
130.0(KII
12.0(M)I
13.0001
117,51KJI
120,0(K)I
30.IKM)
17,SCK
20,(KX
S(Kl
500
15.OtK)I
15.OtK)I
115.0(K)I
17.0811
115.OIKJI
lio,0￿}
13,8521
15.(iKI
25.IKM)
1S.(KM)
17.919
iO,CKKJ
3,852
Totsl
179.109
524.261
1SCQ.9641
202,406
-27-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E2¢X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
181 Restricted Funds Continued
Restricted funds=
AKO Foundation
A iwo-year grant iowards the leaming programme,. specifically a Volunteer
Co-ordinator and Education Team Assistant for the virtual ship.
A grant to help fund the book project in Hackney for the Autumn 2023 temi.
A grant to help expand the impact and reach of the virtual learning programme.
A grant towardsthe costs of the Making a Movie Project.
A grant towards the costs of running the Virtual Ship programme.
The donor's Digital Inclusion C3P3bility Grant to help expand the virtual prDgramme.
A grant towards the costs of the Film Projert.
A grant to help fund the book project in Hackney for 2024.
Fundingto support the in-person and virtual leaming programme.
A grant toward5volunteerinÉ activitie5 of the charity.
A grant towardsthe runnirbgcosts of the virtual ship.
A grant towardsthe c05t5 of the Book Project.
A grant to support the general leaming programme.
Fundingto support the virtual leaming programme, 2023-24.
A grant to help fund the in-person movie projert, summer 2024 term.
A one yeargrant to svpport the core costs of wnning the virtual leaming programme.
A grant to help fund the Hackneyyoung author's project. Autumn 2024 term.
Amazon
Bain Capital Children's Fund Europe
Chades S French Charitsble Trust
Clarion Futures
Good Things Foundation
Herefordshire Community Foundation
Investec
J J Charitable Trust
Kusuma Trust
L&Q Placemakers Fund
Lord Barnby Foundation
M&S Fund
National Grid
Sherborne in the Community
Society of the Holy Child Jesus
The Buzzacott Stuart Defries Mem'l Fund
The Charily of Sir Richard Whittington (The
Mercer5' Company)
The Considered Ask Foundation
The Constable Educational TrLJ5t
The Dixie Rose Findlay Charitable Trust
The D'oyly Carte Charitable Trust
The Foyle Foundation
The Gosling Foundation
The Haramead Trust
The Hargreaves Foundation
The Hedley Foundation
The Merchant Taylors, Foundation
The Portal Trust
The Progress Foundation
The Rest-Harrow Trust
The Salters Company
Tottenham Grammar School Foundation
U8S
Fundingfor the Haringey Ship.
A grant towardsthe salary of the School Partnerships Manager.
A tech fund granttowards developingthe Virtual Ship programme.
A grant towards the running costs of the virtual ship.
A grant towards the Film Projert.
A grant towards the costs of running the Virtual Ship programme.
A grant to help fund the virtual ship. 2023-24
A grant towardsthe costs of the Book Project.
A grant to 5UPPOrt the general leaming programrne.
A grant to help fund the in-per50n movie project. sumrner 2024 term.
A grant towardsthe costs of the Book Project.
A grant towards the YoungAuthors' Book Project.
A grant to support the njnning costs of the virtual programme.
A grant to help support the 2024 young authors project.
A grant to support the general leaming programme.
A grant towards the costs of running the Haringey leaming programme.
A grant spon50ring one school on the programrne.
A grant towardsthe c05t5 of runningthe virtual learning programme in
Lambeth between 2022-25.
A multi-year grant towards the costs of running the learning programme
in Hackney.
A grant to support the general leaming programme.
Fundingto provide assistive equipment & training to charity staff members.
Walcot Foundation
West Hackney Parochial Charity
Individual Giving
DWP Access to Work
-28-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E2¢X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
191 Unrestricted Funds
Asat
1st Sept 2023
Income
2023-24
Expenditure
202>24
Transfers
2023-24
Asat
31st Aug 2024
Designated Funds..
Fixed asset fund
Total Designated fund5
17,322
17,322
19.1721
19,1721
8,150
8,150
Unrestrirted Funds
654,239
528.558
1638.5921
544,205
Total Unrestricted Funds
671,561
528.558
1647.7641
552,355
Asat
1st Sept 2022
Intome
2022-23
Expenditure
2022-23
Transfers
2022-23
Asat
31st Aug 2023
Designated Funds..
Fixed asset fund
Total Designated funds
15,771
15,771
111,2441
111,2441
12,795
12,795
17,322
17,322
Unrestricted Funds
689,660
601.737
1620.8381
116,3201
654,239
Total Unrestricted Funds
705,431
601,737
1632,0821
13,5251
671,561
Designated funds:
Fixed asset fund. This fund reflects the value of fixed assets that are not available as part of the Charity's
day to day working capital.
Unrestricted funds=
General unrestricted funds are the free reseNes after allowing for all designated funds.
201 Reconciliation of net movement in funds to net cash flow from operating activities
2023-24
2022-23
Net movement in funds=
Add.. Depreciation
Deduct.. Investment income
Decrease/lincreasel in debtors
Increase/ldecreasel in creditors
195,9091
9.172
130,1471
113,9891
173,605
156,355
11,244
117,100
13,562
135,6251
Net cash flow from oper3ting activities
42.732
1101,3981
-29-

Docusign Envelope ID= A965AOC2-3B614C6&8379-95B2E2¢X>FEA7
The Literacy Pirates Limited
Notes to the Financial Statements
For the Period Ending 31" August 2024
211 Lease commitments
At the balance sheet date, the charity was committed to paying the following non-cancellable operating
leases in respect of land and buildings.
2023-24
2022-23
Due in one year
Due in 2-5 years
25,524
46,794
55,314
72,318
72,318
127,632
In 2022-23 the charity leased premises in Hackney and Haringey forthe purposes of providing education sessions
and a workplace for employees. After a strategic review the charity exited the Haringey premises on 31st August
2024 in order to both reduce the costs of delivering sessions and expand the online, virtual programme.
The lease on the Hackney premises is ongoing and expires 30th June 2027. The minimum commitment under
the ongoing Hackney lease is disclosed for 2023-24 of this note.12022-23- both lease commitments disclosed).
221 Related party transactions
During the financial period the company made the following related party transactions-
Trustees
No Trustee received any remuneration for their services to the Charity.
All Trustees waived their right to claim expenses from the Ch3rity during the period. Consequently
no expenses were paid to Trustees12022-23.. £nill
Trustees made voluntary donations of £301,652 either in-person or through workplace charity giving facilities.
£21K),000 of these donations were deferred to future financial periods in accordance with the donor's wishes
and in compliance with the charity's policy on income recognition.12022-23.. £152,860 of voluntary donation5,
none of which were deferred). Donations disclosed here include the value of Gift Aid where claimed.
One former Trustee who served for part of the financial period is in a position of influente or control at Bain
Capital Europe. Bain Capital Children's Fund. a connected party. made grants of £106.609 in the financial
period12022-23'. grants of £82,500 and £230 of employee donations).
-30-

Docusign Envelope ID: A965AOC2-3B614C6M379-95B2E200FEA7
Annual Report and Accounts - Literacy Pirates
2023-24
Final Audit Report
2025-02-07
Created..
2025-02-07
By..
Jude Williams Q-ude.williams@lrteraGypirate5.orgl
Status..
Signed
Transaction ID..
CBJCHBCAABAAQbVFCU1YOm8a1SvcbnfRKoQOBGrZ121h
"Annual Report and Accounts - Literacy Pirates 2023-24" History
Document created by Jude Williams (i'ude.williams@literacypirates.org)
2025-02-07- 9.'03.23 AM GMT
Document emailed to Nick Canning (nick.canning@kizazi.org) for signature
2025-02-07- 9..09..29 AM GMT
Email viewed by Nick Canning (nick.canning@kizazi.org)
2025-02-07- 12.'02.'03 PM GMT
Document e-signed by Nick Canning {nick.canning@kizazi.org)
Signature Date.. 2025-02-07 - 12.'04.'52 PM GMT- Time Sou￿.. server
Agreement completed.
2025-02-07- 12.'04.'52 PM GMT