Regislergd number.. 07962217 Charity number.. 1146276 Assisted Readlng for Chlldren UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Prepared By: 88mes48usine88 Limitgd Chartered Certffiod Accountants 12 Murdock Road Bic6sler Oxon OX26 4PP
Asslstsd Readlng for Chlldren FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES Paulinè Edwards Irosigned 31 May 20231 Saira Ai Nilam Mooruoft (resigned 19 Sgptomber 20231 lan Hudspglh Susan Hing Honor Somerset Margaret Steven$ Jane WIlliAm8on D&rèk Thomhill (Appointed 16 January 20241 Benjamin Moro1-Allen (appointed 19 Ma¥¢h 2024) REGISTERED OFFICE Gobles Court 7 Mark8t Square Bicgster Oxfordshire OX26 6AA COMPANY NUMBER 07962217 CHARifrf NUMBER 1146276 ACCOUNTANTS Bame$48usiness Limited Chartered Certified ACCntAntS 12 Murdock Road Bice51er Oxon OX26 4PP page 1
Asslsted Reading for Chlldren ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Page R8POrt of the Trusto&s Independonl Examiner's Slalemenl Slalement of Financial Activities Balance Sheat Nol88 to the Acc¢)unls 10t015 DetAilod Stalemont of Fin8nclal Aclivith'os 14 page 2
A551sted Readlng lor Chlldren FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REPORT The truslgès present their r8POrt and a¢c¥Junts for the year ended 31 March 2024 STRUCTURE GOVERNANCE MANAGEMENT AND ACHIEVEMENTS FORM OF THE CHARITY Assistod Reading for Children IARCh) 15 a Charitsble company limilgd by guarantee. Th8 trus198S 8re also the directors for Ihe purposes of company law and are appointed by the members al the AGM. PRINCIPAL AIM ARCh is an èducational charity whose aim is to help Primary school children ochleve a confident level ol literacy by imparting a love of rgading through Tègular, persolised. mentoring support from trained volunteers. INCOME AND EXPENDITURE About hatl of our incom$ com8 from SubriplOn8 paid by schools for th8 services of our unpaid volunteers. Ths level of I subscription is kept 05 low as FJssibl8. This souice of income is linked directly to the number of our volunlgers in sthools. and Iher8lor8 relalos in a relatively stable way to the overall lov81 of acivity of the charity. However il is currendy 80mewhg1 below thg cosls ol SUPFQrting thg volunteers, and we plan to increase it over tho next or three years. The rwnaining incomo comes from grants and donations. These are a more iffagular soure of income. but Wg have a number of sources that ropeat Iheir grants or donations from year to year. About 70% of expenditure goes cffl staff costs. for tha central olfic8 staff and for the fièldworkors who directly service our vdunleer5. RESERVES POLICY A$ 8 charity ARCh is regulated by Ihe Charities Commission which asks uts to s18te our r6serves policy. 11 is our aim lo hokl unreslricled resgrve8 so that we can t confident of our fingncial position and meet all obligats'on8 for al lea818-12 m¢)Dlhs. Some $pecific fund8 from donations or grants arg held in a Designated Fund. and used to support the objective requested by the dcmorls). The balancg of our reserves aro held as unTestriGted gen8r#l funds and can be spont on anything in lurtherance of the objeclives of th8 ¢h8rity. PUBLIC BENEFIT In exercising thoir powers and dutse$ tho Iwslees have had regard lo the publlc benefit guldance issued by the Charity CornmissK)n. in particular in relation to the enhanmen1 of education. page 3
Asslsted Reading lor Chlldren FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REPORT OPERATIONS REPORT 2023-2024 OveThrew In April 2023 there re around 250 volunteer reading h$lpers. although not 411 acts"ve. The extent to which exp8ndSluT8 currently èxcg8ds income is rol8led to the difference b8tsveen the school subscription and the wst ol volunteer support. Thg Iwst885 have 9greed lo use rgservos lo cover the shortfall while tho subscripllon increase is being phased in. while at the same lima working lo increasè volunteer numbers. Working wth school8 and volunteers We maintained tho ftnancial o)nlribution wa ask schools lo mak8 toward8 the ARCh 88rvice at £450 per volunleeT for a further year. absorbin9 increased running cost8. Truslges agreed that this 8hould increase lo £480 with effect from April 2024 and be reviewed annually in fiJtur8. Demand for ARCh support incTgased as the daliimenlal effects of mi889d schooling and social inlera¢tlons on young children caus& by the Covid pandemic continued to be fell We conducted our usual annual schools Survay to mea8ura impact of ARCh support ov$r the y88r. in 88socialion wilh Res&ar¢h Oxford, achi&ving B rgsponse rale of 50% The nUMr of grsnts we receiv8 from organi9otlOnS sgeking to help childr8n in paruiwlar o8ogr4phleal areas has rècently increased. Tha trustees have agrtsed to establish a new deisgno18d fund, the ARCh Area-Sp8cific Support Fund. lo be used lor the recruilment and BiPPOrt of volunteers to work in 8chwl8 in th&89 areas. Other inilialiveslcollabDralion Our application to Oxfordshiré Community Foundation's Slep Change fund WB$ succ8ssful, meaning we could embark on gubslantial expansion and creat& a new post of Recruitm6nl Officer to work on thi8. Emmo Orton was appointed lo the post in January 2024. In pursuit of the expansion of volunlear numbers w6 are aiming for partnership with a rang8 of organisalions throughout Oxlord$hire via our &m0Yer 8UPPOrtod volunteering sGhem8, and liaising with the Oxfordshirg Inclusive EGonomy Partner$hip IOIEP). Recognrtion And awards The July 2023 meeting wa$ attended by around 80 guosts, induding some former Staff membern 05 wo 0)nlinued lo mark our 15th year. We were honoured lo welcome Deputy Lleulenant for Oxfordshire Robert Buckeldee lo present awards marking the long service of a number of volunteers. Wa were pleased to Share with our audionae the film of the Reading For Pleasure event w6 had held for 8chool8 in March 2023, with k8ynola sp8akef Profe88or Teresa Cremin.. The Oecember 2023 maeling had o Dyslexia Ihgme, with gu851 speakers Jane Walker from Barringlon Stoke publishers ar>J Charlotte Milè$-Webb, lulor #nd fonner ARCh staff member. We al80 wglcomed representatives from Mostly Boc$ Abingdon wlTr) provided a display of books. The moeling in March 2024 saw the return of guest speaker Lola Chapman who providad an emotional wesentalion on the difference reading had made lo hèr lifè, bringing u$ up to tlal6 wilh her joumey. We were plèased lo work with Oxford City College sludènls who cam& to the meeting lo film inl8rviews with a numlr of volunteers. This C£¢mplemenled the film wé had made earlter in th8 year documenling Ihe story of Frod Potts, who r?ceiv8d ARCh support as 4 Child. pago 4
Asslsted Readlng lor Chlldren FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES. REPORT Volunteer recruitment training We continued our intetview and training of new volunteers via Zoom but also provided an in person ITaining day in September 2023, with plans lo offer both cplions lo train in future We conducted facè lo fafA8 Recall and refresher trainings in Safeguardiro and Phonics workshops Our Company Volunl99r s¢h8me Oxford University Pross ¢onlinued into its 12th year. Pre$entations and media presence ARCh was featured on BBC Radlo Oxford and in lh8 local press on a number of OccaSn$. SMALL COMPANY PROVISIONS The report wos pr•psred in accord8n¢a with the special provi$ion$ within Part 15 of thg Companies Act 2006. This report was approved by the Board of Trustees on S Augu$t 2024 Margaret Steven$ Trusla? page 5
Assisted Readlngfor Chlldren INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASSISTED READING FOR CHILDREN I report on the accounts of the cofflpany for the year ended 31 Marth 2024 . RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The twsle8s (who aro also the directors of the o)mpany for the purposes of company lawl ara r6sponsibl8 for tha preparation of the occounts. Th8 trustees consider that an audit is not required for this yèar under section 144121 of the Charities Act 2011 Ithe Charib'es AGI) ond that an independent examination is rneded. l am qualrfied to undortake the gxaminalion by boing a qual(figd member of Association ol Ch8rtered Certlfied Accountant5 . Having 8atisfied mysglf that the charity is not subject to an audit undgr company law and is ellgibla for indgpendenl examination, il 18 my respon8ibility lo.. eX8mine th6 accounts under section 145 of the Charities Act., follow th8 procedures laid down in the general Dlreclions givan by the Charity Commis8ion undor 8O¢tion 14515Mb) of tho Charities Act,. and $1818 whèlher particular matters have comè lo my 8ttention. BASIS OF INDEPENDENT EXAMINERS STATEMENT My examination was carried oul in Éccordance with general Directions givgn by the Charity Commission. An examination indudes review of Ihe accounting records kgpl by the charity and o Gomparison of the accounts prosented with thos8 r8cords. 118180 includ05 ccffisideralion of any unusual i18ms or disd05ures in th8 aceounl$, and seeking explanglion5 from you as trustees conceming any Such matters. The pro¢edures undertaken do not provide all the evidence that would b8 required in an audit, and consequgntly opinion is given a8 to whether the acwunls present a 'lru8 and fair Vie and the rgport is limited to those matters sgt out in tho slatsmenl below. page 6
Assistsd Readlng for Chlldren INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINERS STATEMENT In connection with my axaminalion, no rnatter has come to my attention- {1) vthich gives m8 reasonable cause to believe Ihal in any material respect the requirements-. - to keep accounting records in ac(x)rd8nce with sèction 386 of the Companies Act 2006: and to prepare accounts which accord wrth the accounting records. (xjmply with th8 aceounling requirements of section 396 of I Companie5 Act 2006 and with the melhcds and principles of Ihe Stalament of Recommend9d Pradic6.' Accounting and Rep)rts"ng by Charities havo rnt been met., or 121 lo whi¢h, in my oplnion, attention Should be drawn order to enabio a proper undar8landing of tho #ccounlg to be reaohed. Dale.. 5 August 2024 K8lvin Bqfn89 FCCA Bames4Busine55 Limited Charter6d Certified Accounlanls 12 MurdoGk Road Bice81er Oxon OX26 4PP page 7
As51sted Readlng for Chlldren Statement of Flnanclal Actlvities for the year ended 31 March 2024 2024 2023 Unrestrlcted Restrlcted fund5 funds Total Tolal In¢ome Income from goneraled fund8 Donations and18gacies Incomè from Investments Income from tharitable activities Total Income and endowm•trts Expenses Costs of g6n6raling funds Expenditure on Charitabl8 aclivilips Total Expenses Net galns on Inv•stments Net Income 76,702 4,303 77,175 158,180 76.702 68,582 4,303 1,947 77,175 73,595 158,180 144. 724 176,7e6 176,768 176.766 149.513 176,766 149,513 {18,586) 118,586) (5,389) Galnsl{lossesl on revaluatlon ol flxgd assests Net movement In funds.. Net Inme for the year Total funds brought forward N•t funds carrl•d forward {18,6861 180,878 (18,586) (5.389) 180,676 186,065 162 090 180,676 This statement of financial activities includes all gains and 108888 rawgnisgd in the year. All income and expendilurg derive from OLtInuing aclivi1198 pag8 8
Asslsted Readlng for Chlldren BALANCE SHEET AT 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangible assets 3.354 6,715 CURRENT ASSETS Debtor6 (amounts falling due within one year) Cash al bank and in hand 4.592 160.677 165,269 6.533 4,027 175,815 179.842 5,881 CREDITORS: Amounts falllng du• wlthln on? yoar NET CURRENT ASSETS TOTAL A8SET8 LES5 CURRENT LIABILfTIES 158.736 162,090 173,961 180,676 CAPITAL AND RESERVES Unrestrl¢t•d lunds General hjnd Designatéd hjnds 119,064 43,026 162,090 155,976 24, 760 180,676 For the yoaf ènding 31 Mar¢h 2024 the company was enlillèd to exemplion under section 477 of the Companlo8 Acl 2006 relating to Small companies. The members have not requir8d the company lo obtain an audit in accordanco with section 476 of the Companie5 Acl 2006. The directots acknowledge iheir T&spsIbIlItieS for fLsmplying with the fequir8menls ol the Act with reSct lo accounling reGords Ihe preparation of occounl8. These accounts have been prepared in 8¢rdanCe with tho provi8ions appliGable to companigs Subject lo the sm811 companie$ regimo. Approved by th* board Dftrustees on S August 2024 and slgned on thelr behall by Margaret Slgvens Trustee page 9
A5slsted Readlng for Children NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 1. ACCOUNTING POLICIES la. Basls Of Accountlng FR8 The financial statements have been prepared in accordanc8 with th& Compani88 Acl 2016 and Accounting and Rgporling by Charilios- Statement of RerAJmmendod Practice applicable lo charities preparing their accounts in accordance wth the Financial Rewrting Standard applicable in the UK FRS 102 {Charili¢$ SORP FRS 102 as amended for accounting period$ ¢omm&ncing fiom 1 January 2016). Assisted Reading for Children meats the definrtion of 8 public benefit enlily under FRS 102. Assets and li8biliti6s are initially rewgnised at historical cost Or transaGlion value unless otherwise stated in the relevant accounting pc4icy notelsl. 1 b. In¢omlng Resources AJI incoming r8sourc8s are included on Slalement of Fin8ncial Aclivili88 when the charity is legally entitled lo th8 in¢om•, the amount can b8 quantified with reasonablo accuracy. and 8ny p8rformanc& conditions attached lo the ilem{s) of Income have been mel ol fully within the control of Ihg tharitable mpanY. 1G. Resources Expended Exp8ndilure is accounted lor on an aG¢ruals basis and hgs been classified under headings that aggregate all cost relaled to the category. Where Gosts ¢annol be directly attributed to particular hgadings they have begn allocalod lo activi118s on 8 basis cvnsistent with th8 Use of resources. Exp6nditur8 Is recognised onc6 there 1$ a l&Jal or conslru¢tlvo obllgalion lo mak6 a payment lo 8 third party, 11 1$ probably that s8tllom8nl wll be required and th8 arnnI of the obligation can be measured reliably. 1d. Allocatlon And Apportlonment Of Costs I costs relate lo the single 8cts.vity of the charitable company and 3r6 recegnised accordingly. le. Fund A¢¢ountlnq Unr8stricled funds can be used in acrL)rdanc8 with the charitBbl8 objectives al the discretion ol the trustees. RgslriGled funds Gan only bg usod lty pgrti¢ular restTiGted purposes wilhin the objeGls of the Gharity. Re5triGlion5 arise when specified by the donor or when funds are raised for particular re51ricl8d purposes. Designalad fund8 are funds sel aside by the trustee8 out of unrestric18d general funds for sp8afic lulure purposes or projects. page 10
Asslsted Readlng for Chlldren 1f. Depreclation Depfeciation has begn provided at the folltiwng rgte8 in order to write off tha assets over their estimated useful lives. Equipment straight line 33% lg. Penslon Costs The company operates a d8fin8d contribution p8n$lon s¢heme. The pension Chargo represents tha amounts payable by tha company lo tho fund in respect of the year. 2. TANGIBLE FIXED ASSETS Equlpment Total Cost Al 1 April 2023 Additton8 Al 31 March 2024 Deprnclatlon At 1 April 2023 For th& y8ar At 31 March 2024 Net Book Amounts 39.168 1.820 40.986 39.166 1,820 40.988 32,451 5,181 37,632 32,451 5,181 37,632 At 31 March 2024 3.354 6,715 3.354 Al 31 MaTch 2023 6,715 3. DE8TOR8 2024 2023 Amounts lalling wlhin one year,. Other debt¢xs 4.592 4,592 4.027 4,027 page 11
Asslsted Readlng for Chlldren 4. CREDITORS: AMOUNT8 FALUNG DUE WITHIN ONE YEAR 2024 2023 Other credrtors 8,533 6,533 5.881 5.881 5. LIMITED BY GUARANTEE The company is lirniled by gu8ranl88 and doos not have a 6hare capital. Each maMr givos a guarantee to wntributo a 8um not exce8ding £1. to the company should il be wound up. At 31 Marth 2024 Ihere were 8 memb•rs. 6. UNRE8TRICTED FUND8 Brought Incomlng Outgolng lorward resources resources Carrled forward Transfers General fund Designated Fund - ARCh Dgvelopmenl Fund De8lgnaled Fund - Slgp Chang Dgsignated Fund - ARCh Axg&Specific Support Fund 155,916 24.760 125,519 1162,371) 12,8501 14.3821 17.1631 1176.7661 119,064 21,910 11,618 9.498 162,0 16,000 16,661 158.180 180,676 Deslgnat•d Fund - ARCh Development Fund Fund6 allocated for worknng on exF4nding our work with the most disadvantaged children in Iho wunty. De$lgnated Fund- Step Chang• Funds received lo introduce and support the new post of Recruilmonl Officer. O•$lgnated Fund- ARCh Area-Spe¢lTF¢ Support Fund Funds allocatod towards supporting schcols in specific geographical areas. 7. COMMITMENTS AND GUARANTEES Al 31 Mar¢h 2024 the charilgbl8 company w85 committed to making poym8nts of £129,712 under non<an¢ellable operating lea8es for Ihe remalndor of the 8pplicable1gase lem)$12023 '. £1.281) in respect of offth rent and office equipment hir8. page 12
A551sted Readlng forchildren 8. AVERAGE NUMBER OF EMPLOYEEES The average number of employees during the occounting periDd was 10 {2023 '. 10). 9. TRANSACTIONS WITH DIRECTOR8 One director was reimbursed expenses during tho accounts'ng period for a valug of £36 (2023 . Nona). pag& 13
Asslsted Readlng for Chlldren Incomlng Resources for year ended 31 March 2024 2024 2023 Incomlng resour$ Incomlng resources from gen•rated funds Voluntary Income Corporate Donations Private Donations Gran18 778 14.889 81,035 4. 000 15,580 49, 002 78,702 68,582 76,702 68,582 Investhient Incorne Bank Interest 4.303 1.947 4,303 1.947 4.303 1,947 Charltablo A¢tlvlty School S(tbrIPticffis 77,175 73,595 77,175 73.595 77,175 158,180 73,595 744,124 page 14
Asslsted Reading for Chlldren Expenses forlhe year ended 31 March 2024 2024 2023 Expenses Costs of generatlng funds CharStabl¢ A¢tlvltles Donations sch¢)ol subseriptsons Advertlsing and Marketing Haal and light Rent Salario$ NIC employor {wages and salaries) Pension Contributions Staff Expenses and Training Volunloer Expenses and Training Equipmenl188sing and maintenance Computer ¢03ts Professional 1885 Insurance Evgnl and Fundraising Expen885 Sl81iongry & offi¢e supplies Telephone Bank charges Sundry expense8 DepreGiatson of equipmanl 4.400 1,097 4,315 15.028 117,728 2.329 2.348 4,569 1,951 1,294 3.759 3,695 1.478 888 3.621 963 121 2.203 5.181 176,766 1.600 355 1,169 10,716 102.341 1.235 2,105 3.626 2,185 1.998 3.273 2.849 7,066 203 3,473 933 703 2,388 7,895 749,513 176,768 149,513 page 15