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2024-06-30-accounts

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Filename: Readingforce 2024 annual accounts.pdf Client of: Carter & Coley

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Name: Camille Campbell-Wild
Email: camille@readingforce.org.uk
Date & Time: 27/02/2025 09:39:10 AM (GMT)
IP Address: 94.2.103.247
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REGISTERED CHARITY NUMBER: 1159890

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

READING FORCE

Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE

READING FORCE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes to the Financial Statements 12 to 21
Detailed Statement of Financial Activities 22 to 23

READING FORCE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

The trustees present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Our constitution states that the purposes of Reading Force are:

  1. To advance education by encouraging families to read together for pleasure and talk about a book by providing advice and assistance and materials to support shared reading activities.

  2. To promote and protect good health by using reading as a means of mitigating stress and increasing communication and good family relationships following separation due to training, deployment, postings and mobility.

The activities carried out for the public benefit of the charity are for all British Armed Forces families and their children, including reservists, veterans and injured personnel, living in the UK and overseas.

The trustees always ensure that the strategies and activities we undertake are in line with our charitable objects and aims. Our long-term aim that shapes our annual activities is to extend and deepen the relationship we have with Forces personnel and families, to ensure our project reaches the awareness of all and invites them to become involved. We seek to support the social, emotional and mental wellbeing of the Forces community through shared-reading and effective communication.

How we work

Strategies we employ to achieve the charity's aims and objectives are to: - Work with support workers of Forces families: schools; welfare and community organisations and other agencies and charities devoted to the support of the Forces

We offer and provide:

Public benefit

The trustees have had regard to the guidance issued by the Charity Commission on public benefit in planning these activities for the year and reviewed the guidance at trustee meetings.

Page 1

READING FORCE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

OBJECTIVES AND ACTIVITIES

Achievement and performance

This has been an important year for Reading Force. We have seen a significant growth in demand, mostly through personal recommendation, and a rise in our income due to an increased focus on fundraising. Both are trends that we are keen to see further develop in the next financial year.

As regards our organisational reach, the figures in the table below show the number of resources circulated, and to whom. They exclude Reading Force Book Club totals:

2023-24 Resource
5,243 Books to families
190 Books to organisations
11,861 Scrapbooks shared
3,069 Teen Journals shared
1,006 Reading Records shared

Our total income for the financial year July 2023 to June 2024 was £230,955, a 5% rise of £11,977 on the previous financial year. On the reporting year overall, however, the organisation had a net deficit of income over expenditure on activities amounting to £(71,749). For the previous year (2022-23) there was a deficit on activities of £(64,757). These deficits have however been covered by built up reserves over the prior three years (2020 to 2022) during which period net income over expenditure on activities amounted to £196,783.

2023-24
31 Book clubs
381 Book club members
7 Online book clubs
24 Face-to-face book clubs
342 Books posted
0/4 Kindle/Audible
17 Book clubs expected to continue
41 Scrapbooks shared
57 Teen journals shared
383 Reading Records shared

Of the 24 face-to-face book clubs,12 were in England, 6 in Scotland, 4 in Northern Ireland and 2 were overseas (Brunei and Gibraltar).

The main reasons for an increase in expenditure over income were:

Page 2

READING FORCE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

OBJECTIVES AND ACTIVITIES

Our spend on distribution/delivery and production of materials went up by 41% during the period. Royal Mail planned increased normally take place every March/April, though in the past financial year there was an additional increase in October 2023. As we are a virtual organisation, with no physical offices, we rely a lot on the postal service for delivery, and these increases impact us significantly.

Our overhead costs also rose due to a change of organisational structure, which led to the recruitment and training of a Fundraising Manager and an Accounts Executive from October 2023. This led to an overlap of wages from October to December 2023. We have seven paid staff and two who volunteer their services. Total organisational PAYE for staff members was seven for most of the year. Total wages bill was £195,033, an average of £16,253 per month. This represents a 6% increase on last year's costs. In addition, staff have opted into the pension for the first time this year, and there has been capital expenditure to resource the new staff (Northern Ireland Ambassador, E&W Ambassador and the Fundraising Manager) with laptops and phones and the purchase of a Sage License fee for the software used (this had previously been gifted by the partner of a staff member who has now left).

We have taken action to increase our income by appointing a Fundraising Manager, two days a week, who is working in close consultation with our Director. Creation of a schedule of applications, research into possible additional sources of funding, including those outside the military that have empathy towards it, and amendments to the arrangements for delivery of stock are all having a positive impact on the balancing of beneficiaries and income to support our costs in the year ahead.

Highlights of the year have included

  1. The expansion of our board of patrons, with the addition of military supporter and award-winning actor Dame Penelope Keith; Carnegie Award winning author (author of I Coriander) Sally Gardner and bestselling author, primarily for boys, Tom Palmer.

  2. Mariam Khokar, Headteacher of the Alexander First School, a primary school within an Army housing estate in Windsor, also joined us as a trustee. She had long used Reading Force as a means of involving military parents in supporting their children, as well as developing their own literacy.

  3. The organisation of a very successful event for military families with our patron Sir Michael Morpurgo at the National Army Museum (June 2024). This included a number of trails organised within the museum, a demonstration of artefacts and a question and answer and signing session with Sir Michael. The event was extremely popular, and the basis of a National Lottery funded film made by professional film-maker Mike Doxford.

  4. The opportunity for our director to present at the key Forces-supporting group of The Surrey Military Partnership; the first time they have had an external speaker. Those present included the local MP, the Lord Lieutenant, the High Sheriff, and various local employers with an interest in looking after the military population, including reservists, veterans as well as the serving military and their families. This presentation was negotiated and secured by our trustee Shahid Azeem who is a member of the partnership.

  5. Bronze winners within the category of Family Support within the Northern Ireland Military Awards. This was particularly significant given RF's relatively recent arrival in NI.

Page 3

READING FORCE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

OBJECTIVES AND ACTIVITIES

  1. The planning and development of a staff support network at Kingston University with our director appointed as chair. This attracted high level interest, including a guest speaker from London Higher, and was also filmed as part of the resulting output from Mike Doxford.

  2. An all-staff, trustee and patron development day, highlighting successes, failures and opportunities, with goal-setting and scheduling of progress-checking. The involvement of cross-organisational staff and support led to objective review and future planning which were marked for future reporting back.

  3. The planning for a session on the writing of military memoir, for delivery through military museums, with strong interest from the sector as a whole. Support for this secured from the National Lottery.

  4. Consistent featuring in the Forces Families media, with regular blogs and reviews.

  5. The publication of related research, in peer reviewed journals.

  6. The beginning of work with the Akrotiri Military Base in Cyprus, with a view to planning a whole community programme of events and an associated bid for funding. This began with the establishment of the first RF book club on Cyprus, the recruitment of a RF Ambassador (a serving officer in the RAF), and a series of presentations in the local HIVE.

  7. An invitation to our director to consider involvement in a review of the 2020 research into military families 'In our shoes', commissioned and published by Andrew Selous MP. The invitation was to be part of an advisory panel of those involved with the welfare of military families, which would include several key decision makers within Forces support, and the Bishop to the Armed Forces, as well as several well established researchers within the military support sector.

Trustee and patron involvement

We decided to separate the role of Director from Chair of the Trustees, and Lindsey Taylor, longstanding member of the Board of trustees became Chair, for an agreed period of a year. Our board of trustees has eight people, all with a special interest in military children and we have also built up a number of patrons who affirm what we do by association, offer suggestions for our wider availability, and can be contacted for supporting endorsements.

Involvement in research

Reading Force has always been grounded in research, into the demonstrable value of literacy, of book-sharing and the associated benefits of improved physical and mental health associated. We have continued to monitor the experience of our users, as well as related trends that need wider investigation, marrying our director's various involvements and mapping these onto RF goals and outcomes. During this reporting year feedback from our beneficiaries on the pathways of military spouses within the employment market caught our attention, as did the value of memoir writing for all those involved with the military; both are to receive further attention within Reading Force.

Page 4

READING FORCE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

OBJECTIVES AND ACTIVITIES Looking to the future

These accounts report on a period during which growth in organisational activity and staffing has been driven by demand. Reading Force has increased its presence within the military and veteran communities by appointing new ambassadors in response to the widening appeal and application of the charity. The current climate for charities is difficult, but after a period of refocussing we are supported by much more effective reporting structures, and we see operational efficiency as a key organisational objective. We are grateful to all our supporters and those who help steer the organisation.

Rev'd Professor Alison Baverstock MBE

Founder and Director of Reading Force

FINANCIAL REVIEW Principal funding sources Funders

Funding remains a challenge. Our costs have risen - in particular our book buying costs, due to demand and to the rise in book costs, and this in turn has impacted the amount of funding we are seeking. However, we are proud to receive the support and generous donations and grants from ABF The Soldiers' Charity, Annington, Armed Forces Covenant Fund Trust, Bolt Burdon Kemp LLP, Chelford House Christian Fellowship Trust, Royal Navy and Royal Marines Charity with Greenwich Hospital, The Gibraltar Heritage Trust, Lest We Forget Association, The National Lottery Communities Fund (Northern Ireland), and the Veterans' Foundation.

We are grateful for all this support and shared vision in honouring the Armed Forces Covenant and delivering a service proven to be a great benefit to Forces families and veterans' families. We remain committed to continuing to offer the Reading Force shared reading initiative to support all serving Forces families, reservists and veterans.

Reserves policy

The Charity aims to retain sufficient unrestricted reserves to enable it to carry out its activities for a period of six months in the unlikely event that no new funds become available.

The Charity has always been focussed on using most of its income in delivering the services they provide. For example, in the last five years (2020 to 2024) the net income generated was £61,127 with the charity receiving £1,150,542 of income and having expenditure of £ (1,089,415).

With circumstances now being far more challenging to raise income, the charity has recently improved reporting to monitor expenditure according to income received (or in the pipeline). As part of the management reporting there is a three-year strategy forecast, an annual budget and monthly management reports. This allows the Trustees to measure the performance of the Charity and allow for any change of strategy on a timely basis.

Currently the Charity has approximately three months of unrestricted funds.

Page 5

READING FORCE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Reading Force was registered as a Charitable Incorporated Organisation in 2015 and is governed by its Constitution.

Safeguarding policy

Reading Force exists to support the well-being of tri-service British Forces children and families through shared-reading and increased communication. We believe that a child or young person should never experience abuse of any kind in any situation. We have a responsibility to promote the welfare of all children and young people and to keep them safe. We are committed to practice in a way that protects them. We are committed to anti-discriminatory practice and give equal priority to keeping all children and young people safe regardless of their age, disability, gender, race, religion or belief, sex or sexual orientation. Our child protection and safeguarding policy relates to all children up to and including age 18, and applies to all Reading Force staff, volunteers, and anyone working with the charity.

Organisational structure Structure

The Board of Trustees currently has a membership of eight people, one of whom acts as Chair. The Board is in regular communication and meets as required. The Board is responsible for the strategic direction and policy of the organisation and for robust governance and rigorous financial management. The Director holds the day-to-day responsibility for the operational management of the organisation. Team Managers are responsible for the day-to-day provision of services. Recommendations by the Director and Team Managers are referred to the full Board meeting for decision.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Where particular risks are identified and recorded, the Board oversee and review such matters and determine any appropriate actions. The following are deemed to be key risks for the Charity:

  1. Reliance on external funding - The charity relies on the donations and grants provided by external funders and donors in order to continue to operate and provide its charitable services.

  2. Working with children - the trustees recognise the possibility that as a charity working with children any risk of harm would need to be reported. Appropriate mitigations are in place as demonstrated in the Safeguarding policy section above.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1159890

Principal address

10 Homersham Road Kingston Upon Thames Surrey KT1 3PN

Page 6

READING FORCE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

Trustees

Rev’d Professor A M Baverstock MBE L Taylor J A Lloyd (resigned 30/11/2023) N W N Jones The Rt Hon. The Lord Blunkett L J Titcomb (resigned 31/12/2024) S Azeem C Flynn-MacLeod A Hill (appointed 8/11/2023) M Khokar (appointed 8/3/2024)

Independent Examiner Andrew A Clark Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE

Approved by order of the board of trustees on 6 February 2025 and signed on its behalf by:

L Taylor - Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF READING FORCE

Independent examiner's report to the trustees of Reading Force

I report to the charity trustees on my examination of the accounts of Reading Force (the Trust) for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Andrew A Clark

Carter & Coley Chartered Accountants 3 Durrant Road Bournemouth Dorset BH2 6NE

6 February 2025

Page 8

READING FORCE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
82,578
Other trading activities
3
11,480
Investment income
4
1,292
Total
95,350
EXPENDITURE ON
Raising funds
5
13,672
Charitable activities
6
Main purpose
103,783
Total
117,455
NET INCOME/(EXPENDITURE)
(22,105)
RECONCILIATION OF FUNDS
Total funds brought forward
62,610
TOTAL FUNDS CARRIED FORWARD
40,505		 Restricted
funds
£
136,443
-
-
136,443
-
186,087
186,087
(49,644)
93,671
44,027		 2024
Total
funds
£
219,021
11,480
1,292
231,793
13,672
289,870
303,542
(71,749)
156,281
84,532		 2023
Total
funds
£
181,326
37,076
577
218,979
9,426
274,310
283,736
(64,757)
221,038
156,281

The notes form part of these financial statements

Page 9

READING FORCE

BALANCE SHEET 30 JUNE 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
11
1,924
CURRENT ASSETS
Cash at bank
46,306
CREDITORS
Amounts falling due within one year
12
(7,725)
NET CURRENT ASSETS
38,581
TOTAL ASSETS LESS CURRENT
LIABILITIES
40,505
NET ASSETS
40,505		 Restricted
funds
£
-
44,027
-
44,027
44,027
44,027		 2024
Total
funds
£
1,924
90,333
(7,725)
82,608
84,532
84,532		 2023
Total
funds
£
941
178,370
(23,030)
155,340
156,281
156,281

The notes form part of these financial statements

Page 10

READING FORCE

BALANCE SHEET - continued 30 JUNE 2024

FUNDS
13
Unrestricted funds:
General fund
Restricted funds:
Annington - FM Role
AFCFT - Sustaining Support - England &
Wales veterans
National Lottery NI
Annington Outward Bound Trust
Veterans' Foundation - Book Clubs
Veterans' Foundation - Veterans
Ambassador
Lest We Forget - Ambassador
Bolt Burdon Kemp - Competition
TOTAL FUNDS		 40,505
6,919
-
7,108
-
-
20,000
5,000
5,000
44,027
84,532		 62,610
-
29,140
24,955
2,076
7,500
20,000
10,000
-
93,671
156,281

The financial statements were approved by the Board of Trustees and authorised for issue on 6 February 2025 and were signed on its behalf by:

L Taylor - Trustee

N W N Jones - Trustee

The notes form part of these financial statements

Page 11

READING FORCE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Financial reporting standard 102 - reduced disclosure exemptions

The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 33% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Page 12

READING FORCE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

Donations
Grants
Grants received, included in the above, are as follows:
General
Chelford House Fellowship - books
Book clubs
NI Veterans
Scotland & NE Ambassador
England and Wales Veterans
Reading Record redesign
Events at the NAM and Winchester
Office Administrator
Competition		 2024
£
328
218,693
219,021
2024
£
87,250
-
-
49,909
25,000
-
20,000
10,000
21,534
5,000
218,693		 2023
£
2,356
178,970
181,326
2023
£
90,970
3,000
30,000
-
25,000
30,000
-
-
-
-
178,970

Page 13

READING FORCE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

3.
OTHER TRADING ACTIVITIES
Sponsorships
Charitable activities
4.
INVESTMENT INCOME
Deposit account interest
5.
RAISING FUNDS
Raising donations and legacies
Grant applications
Evaluations
6.
CHARITABLE ACTIVITIES COSTS
Main purpose		 Direct
Costs
£
90,535		 2024
£
10,643
837
11,480
2024
£
1,292
2024
£
10,683
2,989
13,672
Support
costs (see
note 7)
£
199,335		 2023
£
35,000
2,076
37,076
2023
£
577
2023
£
6,125
3,301
9,426
Totals
£
289,870

Page 14

READING FORCE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

7. SUPPORT COSTS

Management
£
Main purpose
184,559		 Other
£
14,776		 Totals
£
199,335

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor the year ended 30 June 2023.

During the year no Trustee was reimbursed for properly incurred expenses on behalf of the Charity. (2023 - One Trustee - £992).

9. STAFF COSTS

Staff costs
2024
2023
£
£
Total
195,033
195,266
Less Direct costs
71,216
69,533
---------
---------
Net staff costs
123,817
125,733
----------
----------
Average monthly staff numbers -
administration
7
6
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
62,231
119,095
Other trading activities
35,000
2,076
Investment income
577
-
Total
97,808
121,171
EXPENDITURE ON
Raising funds
9,426
-
Charitable activities
Main purpose
165,054
109,256
Total
174,480
109,256
NET INCOME/(EXPENDITURE)
(76,672)
11,915		 Total
funds
£
181,326
37,076
577
218,979
9,426
274,310
283,736
(64,757)

Page 15

READING FORCE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
RECONCILIATION OF FUNDS
Total funds brought forward 139,282 81,756 221,038
TOTAL FUNDS CARRIED
FORWARD 62,610 93,671 156,281
11. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 July 2023 2,055
Additions 2,164
At 30 June 2024 4,219
DEPRECIATION
At 1 July 2023 1,114
Charge for year **1,181 **
At 30 June 2024 2,295
NET BOOK VALUE
At 30 June 2024 1,924
At 30 June 2023 941

Page 16

READING FORCE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Taxation and social security
Other creditors
13.
MOVEMENT IN FUNDS		 2024
£
3,896
1,970
1,859
7,725		 2023
£
5,157
2,821
15,052
23,030
Unrestricted funds
General fund
Restricted funds
Annington - FM Role
AFCFT - Sustaining Support - England
& Wales veterans
National Lottery NI
Annington Outward Bound Trust
Veterans' Foundation - Book Clubs
Veterans' Foundation - Veterans
Ambassador
Lest We Forget - Ambassador
Bolt Burdon Kemp - Competition
TOTAL FUNDS		 At 1/7/23
£
62,610
-
29,140
24,955
2,076
7,500
20,000
10,000
-
93,671
156,281		 Net
movement
in funds
£
(22,105)
6,919
(29,140)
(17,847)
(2,076)
(7,500)
-
(5,000)
5,000
(49,644)
(71,749)		 At
30/6/24
£
40,505
6,919
-
7,108
-
-
20,000
5,000
5,000
44,027
84,532

Page 17

READING FORCE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Annington - FM Role
Bolt Burdon Kemp - writing
competition
AFCFT - Sustaining Support - England
& Wales veterans
National Lottery NI
Annington Outward Bound Trust
Veterans' Foundation - Book Clubs
Veterans' Foundation - Veterans
Ambassador
Lest We Forget - Ambassador
National lottery heritage
Bolt Burdon Kemp - Competition
TOTAL FUNDS		 Incoming
resources
£
95,350
25,000
5,000
1,534
49,909
-
20,000
20,000
-
10,000
5,000
136,443
231,793		 Resources
Movement
expended
in funds
£
£
(117,455)
(22,105)
(18,081)
6,919
(5,000)
-
(30,674)
(29,140)
(67,756)
(17,847)
(2,076)
(2,076)
(27,500)
(7,500)
(20,000)
-
(5,000)
(5,000)
(10,000)
-
-
5,000
(186,087)
(49,644)
(303,542)
(71,749)

Page 18

READING FORCE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Restricted funds
Annington - FM Role
AFCFT - Force for change - Book
clubs
AFCFT - Positive Pathways - NI
Bolt Burdon Kemp - writing
competition
Lest We Forget Association - Book
clubs
AFCFT - Sustaining Support - England
& Wales veterans
National Lottery NI
Annington Outward Bound Trust
Veterans' Foundation - Book Clubs
Veterans' Foundation - Veterans
Ambassador
Lest We Forget - Ambassador
TOTAL FUNDS		 At 1/7/22
£
139,282
7,320
8,602
21,733
3,962
10,000
30,139
-
-
-
-
-
81,756
221,038		 Net
movement
in funds
£
(76,672)
(7,320)
(8,602)
(21,733)
(3,962)
(10,000)
(999)
24,955
2,076
7,500
20,000
10,000
11,915
(64,757)		 At
30/6/23
£
62,610
-
-
-
-
-
29,140
24,955
2,076
7,500
20,000
10,000
93,671
156,281

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Annington - FM Role
AFCFT - Force for change - Book
clubs
AFCFT - Positive Pathways - NI
Bolt Burdon Kemp - writing
competition
Lest We Forget Association - Book
clubs
AFCFT - Sustaining Support - England
& Wales veterans
National Lottery NI
Annington Outward Bound Trust
Veterans' Foundation - Book Clubs
Veterans' Foundation - Veterans
Ambassador
Lest We Forget - Ambassador
TOTAL FUNDS		 Incoming
resources
£
97,808
-
-
-
5,000
-
29,140
24,955
2,076
30,000
20,000
10,000
121,171
218,979		 Resources
Movement
expended
in funds
£
£
(174,480)
(76,672)
(7,320)
(7,320)
(8,602)
(8,602)
(21,733)
(21,733)
(8,962)
(3,962)
(10,000)
(10,000)
(30,139)
(999)
-
24,955
-
2,076
(22,500)
7,500
-
20,000
-
10,000
(109,256)
11,915
(283,736)
(64,757)

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

15. RESTRICTED FUNDS

All restricted funds have conditions on their use defined by the organisation making the grant. These conditions are complied with by the charity and the movements on these funds are disclosed in these financial statements.

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DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Sponsorships
Charitable activities
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Raising donations and legacies
Grant applications
Evaluations
Charitable activities
Distribution and delivery
Books
Production of materials
Book club books and distribution
Events
Competition
Raising awareness and marketing
Support - postage & stationery
Book club administration
Regional Ambassadors		 2024
£
328
218,693
219,021
10,643
837
11,480
1,292
231,793
10,683
2,989
13,672
23,789
21,097
38,639
-
272
1,709
5,029
-
-
-
90,535		 2023
£
2,356
178,970
181,326
35,000
2,076
37,076
577
218,979
6,125
3,301
9,426
14,802
16,324
36,304
2,051
2,226
1,723
5,819
788
13,286
56,247
149,570

This page does not form part of the statutory financial statements

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DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024

Support costs
Management
Wages
Professional fees
Depreciation of tangible and heritage assets
Other
Telephone
Postage and stationery
Sundries
Travel and subsistence
Total resources expended
Net expenditure		 2024
£
181,361
2,017
1,181
184,559
5,283
3,098
-
6,395
14,776
303,542
(71,749)		 2023
£
111,048
1,717
686
113,451
3,659
1,504
160
5,966
11,289
283,736
(64,757)

This page does not form part of the statutory financial statements

Page 23