learn to love to read LEARN TO LOVE TO READ TRUSTEES, ANNUAL REPORT AND ACCOUNTS FOR THE YEAR TO 31 AUGUST 2024
Learn to Love to Read Trustees, Annual Report Reference •nd Admlnlstrntfve Deta Learn to Love to Read St Michoel's Church, 71 Wlrnbledon Park Rood, Southfield5 London SW185 Reglstered charity number 1175288 Trustees.. Nigel Harris- Chair until 31st December 2023 Carolyn Stubbs . Treasurer Teresa Harrls Jacqueline Carson- Chalr from 1st January 2024 Sarah Alleyne - resigned 18th Ortober 2023 Prlya Chhetd Joanna Henley Ri2 Khan - appointed 30th July 2024 There are no exemptlons from disclosure. The Charlty Commission document, The essential trustee." whot you need to know, what you need to do ICC31, has been dlstributed to and read by all of our trustees. They are aware of their re5ponslbllity to make sure that the charlty is carrying out the purposes for which it Is set up, and no other purpose. Trustee meetings are held quartedy and minutes are kept. Oblortlv•s and Actlvltl•s Our aims The oblect of Learn to Love to Read, as set out in its 8overning document, Is, In accordance wlth Christian principle5, to advance the education of children and their families acro55 the UK, In particular but not exclusively by providing literacy support in partnership with primary schools, churches and other or8anlsations. In practice, the charity currently operates solely in the London Borough of Wandsworth. Research shows disadvantaged children are less Ilkely to read well than their more affluent peers and that poor reading skills in childhood generally result in limited literary as adults. brin8ing well- reco8nised risks of unemployment. poor health and low wage5. We forge partnerships with schools serving disadvantaged families. Government ststistlcs show that in summer 2024, 26% of Year 6 pupSls did not meet the expected standard in readin8 at the end of their time at primary school. Every Child a Reader- we strive to make that Vision a reality here in Wandsworth, alway5 workiro for the public benefit.
We are a small charity, working solely in Wandsworth and embedded in that local communlty. We generally partner with primary schools whose catchment area indudes a high proportion of Pupil Premium andlor EAL families. Our work takes place on our partner schools, premises, at local children's centres and nurseries, and online. The children who receive our one-to-one support are selected by our schools because they need additional help,- other initiatives learly years, classes and parent workshops) are more universal, though spe(ific effort Is made to encourage disadvantaged families, who would benefit most, to engage with them. We are recognlsed as beirg professional and yet unthreatenin& often en838ing families known by our partners to be relurtant or uncertain. Our work.. We want all thildren to have frequent, positive readir% experiences and to be enabled and empowered by learnlng to love to read. We want parents to become more engaged in thelr ¢hlldren's learnln8 and have the confldence and skills to support their child's readlng at home. We have a three-strand approach: We work wlth primary-a8e children who are findin8 learning to read challenglng. In thls reporting period we provided trained volunteer support across eight partner schools, Improvlng readln8 fluency, confidence and enjoyment. We work wlth pre-schoolers at rlsk of startln8 5th001 poorly prepared for readlng. We run early Ilteracy classes, Introducing Mple parentsl artivitie5 to help close the 'word gap, so often seen between disadvantsged children and their more affluent peers on starting school. We work wlth paTents. equlpplng and encouraglng them to offer 5UPPOrt at home, runnln8 workshops and offerin8 Indlvldual support and regular me5sa8in8. Achlevements ind Performance We improve reading attainment, confidence and enjoyment in the primary-age chlldren we work with, by ensuring our one-to-one support from our team of trained volunteers is of the hlghest standard. Becomlng a confident reader wlll change a chlld's Ilfe. We offer parent*ngaqement acttvitie5. e.8. messaging servlces, workshops. Childn with Interested parents pull ahead of the rest whatever their st•rtin8 point. We provide free early literacy dasses. Children from poorer backgrounds are then less Ilkely to be disadvantaged before educatlon even beglns. Further details can be seen in our annual impart report available on our webstte- https'.Ilwww.learn21ove2read.org.uklpages15-facts-figures. Flnanclal Revlew The charltvs Income during the year wa5 £150,777 {2023: £146,722). The four princlpal sources of income are personal donations Ilndudln8 Glft Aldl, grants from trusts and foundation5, fundraising artivities and receipts from partner schools. We received various items of grant funding during the period. A detailed list of grants received Irestrirted and unrestrlctedl and Income from fundraislng on behalf of Learn to Love to Read is given in notes 21al, 2lbl and 7 to the accounts.
The charitys expenditure during the period was £129,819 {2023.. £105,069) of whlth £112,01812023: £89,486) related to stsff costs Isalarie5, training and payroll costs and consultsncy fees). Other costs included books and equlpment. printing and stationery. IT costs and DBS thecks. Reserves at the period end were £95.602131 Augurt 2023.. £74,fA41- Learn to Love to Read has committed to provide services to its partner schools until the end of the school year in July 2025. The trustee5 consider that reserves should cover up to at least three months of salary and administration costs as income from private donations and grants can be volatile. The trustees Teview the reserves policy annually. There are no fund5 held as custodian trustee on behalf of others. Structure. Governance and Mana8ement We began in March 2014 as a project run by St Mlchael's Church. Southflelds, but have been re8i5tered charity since 23 Ortober 2017. Learn to Love to Read is a Charitsble Incorporated Organisation ICIOI registered with the Charity Commission, charity number 1175288. Its only voting members are Its trurtees (Foundatlon model) and Its 8ovemlng doojrnentls Its Constltutlon. We are a small. community-based charty workln8 In the London borough of Wandsworth. Trustees meet quarterly and provide on8oin8 oversight and guidano for the tharivs work. Every trustee must be appointed for a terni of three years by a resolution passed at a properly mnvened meeting of the charity trustees. In selertln8 individuals for appointment as charlty trustees. the charity trustees must have regard to the skills. knowledge and experience needed for the effertlve admlnlstratlon of the CIO. At the start of the reportlng perlod we had 51x trustees. In October 2023 Sarah Alleyne stepped down from the board- we are enormously grateful for all her support. A recruitment process was followed and Riz Khan was appointed in summer 2024. Nlgel Harris stepped down as Chair in December 2023 and left the board in July 2024 and Jacqueline Carson was appointed Chair In January 2024. Stuff.. The day to day runnln8 of the tharity was led by Teresa Harrls, Founder and Trustee, and three senlor members of staff. Matilda Tuke. Head of Operatlons and Impart, Helen ley. Head of Volunteerlng, and Tara Coffin, Head of Family Prc%rammes from Septemberto December 2023. In January 2024, Teresa Harris stepped away from the day to day running of the charity and Tara Coffln was appointed Dirertor. The senior leaders are supported by other part time staff member5 with various responsibllities- some lead our weekly presd)ool sesslons.. others work on organisatlonal. administrative, fundrai5in& impact measurement or promotional tasks. A new role of Fundra15in8 Manager was created in December 2023 to add capacity to the team. A new Family Programmes Mana8ei wa5 appolnted In February 2024 to replace the previous member of staff who left In December 2023. Volunteer5.' It s been a joy ondprivilege reoding olongside the children. Seeing their growth in obility, confidence Gndlove of reading has been hugely satisfying. I too have qrown in confidence, obility and I love books even morel" Our work depends on u5 having asS to a committed. enthusiastic team of volunteers, trained by us to support children's reading effectively and safely.
In a recent sury 9A of our volunteers felt their volunteering made a difference to the children they worked with and 96% felt well supported in their role by Learn to Love to Read. 93% of volunteers felt their work had been fulfilling and satisfyin8 and 100% would recommend volunteering with Learn to Love to Read to others. Thanks We are enormously grateful to everyone who suPrrtS our work: St Michael's Church, our partner schools, children's centres and charlties. our grant funder5 and individual donors, our trustees, our staff and. of ¢our5e, our volunteers. Declaratlons The trustees declare that they have approved the trustees. report above. Signed on beholf ofthe churitrfs trustees.. *¢S Jacqueline Carson, Chair of Trustees Date..
LEARN TO LOVE TO READ STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31 AUGUST 2024 Tatl Funds 2024 14ot• Unr•strkted Funds RestrSrted nds 2023 Income •nd endowments Donations and legacies CharitHble Kti¥ities Other Income 2a 2b 2c 69,160 39,618 416 4L583 110,743 39,618 416 101,158 34,764 io,v£o Tot•1 In¢ome 146 722 EMp•ndkur• Raisin8 funds Charitable actiMts5 11,350 92,254 11,350 118,469 2,324 102,745 3b 26,215 Tat•l •xpondltur• Net In¢omellexp•ndur•l frnm operntknns 5.5 15.368 20,958 41,653 N•t nM)¥•m•nt In lunds 5.59) 15.368 20,958 4L653 B•l•n¢es bnwiht torw•rd on I September 2023115eptember 2022) 65.832 8,812 74,644 32,991 B•l•nces t•rrl•d for4wafd at 31 AU$1 2024131 A$t 20231
LEARN TO LOVE TO READ BALANCE SHEEf AT 31 AUGUST 2024 Note 31 Au•v# X124 31 Auyst 2023 FIXED ASSETS Investménts CURRENT ASSErs Debtors and prepa¥ments Cash at bank and in hand: General account 2.747 5,143 94,779 71,168 97,526 76.311 Credliors.. amounts f•lling due within one year 1,924 1,667 NET CURRENT Er$ 95,602 74,644 TOTAL NET ASSETS FUNDS OF THE CHARtrY Restricted Unrestricted 24, 71,422 8,812 65,832 Approved by the Trustees on February 2025 and signed on their behalf by the Chair. Jacqueline Carwn. 5ign•d on beholAof the Ch¢7riS trustees.. Jacquellne Carson, Chair of Trustees Date: Ill Z6 25 The notes on pages 8 to 15 form part 0fthe ac£ounts.
LEARN TO LOVE TO READ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 31 AUGUST 2024 AccouKllNG POLICIES 8•$1$ ol preparntbn and #ssessm•il of CO*M The accosjnts (financial staternentsl have been prepared under the historical CO convention with Items recognised at Cost or transaction value unless otherwise slaled in the relevant notelsl to these a¢count& The financial statements have been prepared in accordance th the Statement of Recomfflended Pra¢tlce'. Accounting and Reportin8 by Charities prerIng their accounts in accordan¢e with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021 issued on 16 Juty 2014 and with the Flnancièl Reportin8 Standard applicable in the United Kingdom and RepublK of Ireland IFRS 1021 •nd with the Charltles Act 2011. The charlty constitutes ) public benefit entity 45 defined by FRS 102. The truslees consider that there are no materlil uncert•lntle5 alt the ch•rltys •billty to contlnue •% a goin8 concern, Funds Unrtslrirted funds are gener•1 fvnds that are available for use al the trustee< db5cretlon in furtherance of the objectives of the ch•rity. Restrkted funds are those donated for a particular area or for spétific purposes, the use of which 15 restrlcted to that area or purpose and the restrirtion mean5 that the funds can On be used for spe¢ffj projects Of aCtIlIes. Income •nd endowments Income Is Included in the Ststement of fin•n¢ial Activities ISOFAI when the charlty becomes entitled to the resourcts. Grants and donations are accounted for as soon a5 the charity Is notified of its lrfal entitlement Ind the amount due and when there is certainty of receipt Gift Aid recelvable Is Included in incomè when there is a valid dedarJtion from the donor and wn the money has been received. Any Gift Aid amount reto¥ered on o donation is conydèrèd to be part of that 8fft and is treated a5 an addition to the same fund as the Inrtlal d¢)nation unless the donor or the terms of the appeal have 5pe¢itled otherwise. Gifts in kind (children's booksand craft items) are not included in the accounts but are described in the trustee annual reporL Dividends and interest are accountsd for when rtceivable.
LEARN TO LOVE TO READ NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR TO 31 AUGUST 2024 AccouKfiNG POLICIES Icontlnued) Eendftu Costs of generating lunds are those costs iUrred in attrartN voluntary incorne, and those inojrred In tr•din8 actiwties that ralse funds. Grants Grants and dOnaOnS are accounted for when p•ld over, or when awarded, 11 that award Creates a binding oblliatlon on the charlty. All other expenditure is recogni when It is incurred and is acctyjnted for gros& Governance costs Include those incurred in the lovérnan by the Trustees of the thadtvs assets and •re primarily a5$0¢i•ted with constitutional and statutory r•quirements of operatlne the tharlty. Flx¢d *ssets Otherfixtures. flttinqs and equipment Equipfflent is depreciated on è straight-line basis over 4 •r% Indlvidu•l iterns wlth 4 PUfch•se prl¢e of £l,C or less are written off when the asset is acquired. Investments Investment5 are included at market value It tht b•lafKe sheet d•te. ftealised 84ins and losses on inbtstments are Cal1¥ted as the drfference between sales wo¢eeds and their market value af the start of the year, N thelr subsequent c¢)sL and are charyed or credited to the ststement of finanaal èclivities in the YÈK of disposal. Unreali5ed ialns and losses represent the movement in market vlues duriThJ the yeaf and •re (Teditsd or char8ed to the statement of flnandal activtties based on the market le at the year end, Curr•nt •sséts A low level of sto¢k$, bein8 children's books, cr4ft items and kitchen equipment, is hekl. These ¥re not induded in the balance sheeL as the cost ts wrttten off In the year of purchase. Amounts owing to the charity at 31 AUst are shown as debtors less provision for amosjnts that may prove uncolledible.
LEARN TO LOVE TO READ NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR TO 31 AUGUST 2024 2 INCOME AND ENDOWMENTS Total Fun 2024 Unrejtrkted Re#rkted Funds Funds 2023 21•1 Don•tlonsand lewlu Donations •nd 8ifts Gift Aid General grants wo¥ided by governmenVth•rities 6.543 2,617 6,543 2,617 IOL583 6,867 2,124 92,167 4L583 £69 £110 743 General Kr•nts received and due. included in the abm, •re •$ follows.. 11 Charitable Trust Wimbledon Foundatlon. via London Community Found¥tlon Peabodycommunity Fund, via London Community Foundation South London Opportunity, via London Community Foundation Sir Walter 5t John's Educational Charity11 Yearl Slr Walter St john's Educational Charity13 yeaT51 Battersea Soaety Imanaled by SWSJI Aquila Famlly Charitable Trust AKO Foundation Foyle Foundation Tuixen Foundation Cap5ticks Landsec F(rtures Communtty Grants Leathersellers Foundatlon Siobhan Dowd Trust Jhe Lhildhoott Iiust The Miles Trust iO,LJY) io.c io.(xx) io,c io,( 3,333 6,667 4,167 27,5(M] 833 833 25,LKK) ii,(o) io.c lo.) 2,5 L5C(J 25.L ILIX io,cKK) L5(MJ 750 750 10
LEARN TO LOVE TO READ NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR TO 31 AUGUST 2024 2 INCOME AND ENDOWMENTS (conttnued) UnrntTkted Rertrlcted Funds Funds 2024 2023 21bl Ch•rlt•ble •rtl¥lESos Recelpts from partner schools Parent workshops FundraisiTra lincludin8 corporaie donation51 11,916 11,916 450 22,314 27.702 27,702 £NIL 8 £34 764 FUndraIne Induded rpt5 from the followir%.' Royal Parks M•rathon 2023120221 The 8ig Give Chrislm4s Challenge 2023120221 St Mary The Boltons Church Quiz ni8ht and raffle Online auctlon Donation from Alice & AeT 8•y London to Paris cycle fide- Matt Lewis FundraSslng from sponsored events Deodar Road- Coronation street partv A-Plan Insurance l Howden Donatlons in memory oljulie Sharp Other 8.731 6,134 4,7rxJ 1.674 8,731 6.134 4.7 L674 1,348 4,099 4,227 1,172 1,377 1,307 825 750 445 429 283 283 2.832 2.832 ÉNIL The Royal Parks Half Marathon takes J(e in O¢tober. Sponsor5hipsof £42412023.. £L0171 forthe October 2024 (October 20231 marathon, together with costs were deferred to the following year. vnye*tykt ft•rtrkt•d Funds Funds 2024 2023 21¢) Other Income Refund from Learning wlth Parents Refunds and sundry income Interest from savin8s account 10,8 74 342 74 342 £416 £NIL £416 T¢A•l h)come £4 583 £150 777 £146 722
LEARN TO LOVE TO READ NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR TO 31 AUGUST 2024 3 EXPENDITURE Unrestrkted Rertrkted Fuftds Funds 2024 ¥41 R•lslni fvnds Promotional evenis.. Salary of fundraisin8 staff member Royal Park5 Half Marathon Run For Charity subscription Other events 8.517 1.650 7SO 433 ,517 1,650 750 433 824 £1 NIL DurSng the year ended 31 Au8USt 2024, £88812023.. £1.6501 was expended on places for the Royal Parks Hjll Marathon in the lollowin8 Ortober. These costs h•ve betft deferred to the following year. 31b) crIble•rtl¥lI511 Insurance Cost of books and equipment for Ejrly Years Costs ol books (restricted Brant ptsrchasesl Costs of Dolly Parton Imagination Library School costs Iparent training workshops etcl Cost of enablin¢ online readin11nteer packs Costs of summer readin8 schemes Administratlon.. Salaries Payroll costs Consultancy cosls Consultancy- Learnin8 with Parents Staff expenses Staff training Cost of D8S checks costs Printin& ststionery and other costs 543 454 6,542 453 6.151 129 561 415 6,231 129 597 1,213 966 191 302 613 291 191 81.978 631 18,959 ICM).937 631 289 87,086 624 450 997 647 553 3,218 L327 997 647 553 3,218 L327 616 6S6 512 3,045 L047 £118 469 £102 745 Total eendItUre £129 819 £105 069 12
LEARN TO LOVE TO READ NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THEYEAR TO 31 AUGUST 2024 4 STAFF cosrs 2024 2023 Salaries and wages Pension costs 83.777 During 2024, Learn to Love to Rejd Èmployed an average of 6.5 rt-tirne empl(ryee& 5 DEBTORS JI Auwst 2024 31 Auwst X123 Prepayments- insurance Prepayment- places lor Royal Parks Half Maraihon Accrued income- Sir Walter St John's Edational ChaTity13 years) Accrued Income- 8attersea $Iety Iman4ted by SWSJI 192 159 1.650 1,667 L667 1667 747 6 LIABILITIES: AMOUNTS FALUNG DUE WIThIN ONE YEAR JI Auw 2024 31 AU 2023 Accruals and deferred income 5pon50rshlp for Aoyal Parks Mall Maraihon PAYE and Nl 424 LSLI) Q17 650 13
LEARN TO LOVE TO READ NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR TO 31 AUGUST 2024 7 MOVEMENT IN FUNDS 31 Auw5t 2023 Net Mty•en In fvnds 31 Auwst 2024 Unreslrkted fundi General fund Restrkled funds Wlmblèdon Foundation, vla London Community Found•tlon Peabody Community Fund, via London Community Foundation IJ Charitable Trust Early Year5 Sir Walter St john's Educ•tional Charity 13 years) Battersea Sodety Imanaied by SWSJI Siobhan Dowd Trust The Miles Trust 65,832 5,59) 7L422 1,417 11,4171 6.365 12,1941 4,171 18.934 18,934 288 368 42 620 1421 15831 750 37 750 Net moverneni In funds included in the above •re •$ follows.. 31 2023 Incomlni 31 Auwjt 2024 Unrertrkt•d fvnds General fund Restrkted fund$ Wimblèdon Foundation, via London Community Foundation Peabody Community Fund vil London Community Foundation Charitable TTLt Early Years Sir Walter St John's Education•1 Charity 13 yearsl Battersea Society (managed by SW5JI Siobhan Dowd Trust The Miles Trust 65,832 109,194 1103,6041 71,422 L417 11,4171 6.365 1ts,1941 4,171 11,L%61 1801 li0,() 18,934 io.( 42 620 833 18751 15831 37 7x1 750 £150 777 14
LEARN TO LOVE TO READ NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THEYEAR TO 31 AUGUST 2024 8 TRANSAcfioNS WITH TRUSTEES AND RELATED PARTIES Tnuteeremurnmtknn qnd benejlts None of the trustees have been p•id •ny remuneration or recei4d anyother benefitsfrom •n mployment Learn to Love to Read. Tnutees'expenses No trustee expenses have been Incurred. Trnnsartlons wlth Trlatedpartles There have been no rdated party transartSons In the rewtini peri(wJ. Unrestricted donat6ons of £6,54312023: £6,867) indude dOnaon$ of £89 from trustees and theirfarnilie$12023.. £1,01, Unrestrlcted granis of £25,CLM)12023.' £27.5WI were recei*d from Aquila Family Charitable TrusL One of the twstees of Learn to Love to Read12023.. hvol is also a trustee of Aquila Family Ch•ritableTrusL (fo avowj conflict of interest they were not involved in the decision.maki process for this grant.) 15
(HARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the truste members of Learn to Love to Read On accounts for the 12 months ended 31 August 2024 Charity no (if any) 1175288 Set out on pages 1-15 I report to the trustees on my examination of the accounts of th8 above charity (the Trusfi for the 12 monlhs ended 3110812024. Responsibillties and basis of report As the charrtys trustees. you are responsible for the preparation of the accounts in accordance with wuirements of the Charities A¢# 2011 ("the Acri. I report in respect of my examination of the TNst's accounts carried out under section 145 of Ihe 2011 A(# and in carrying out my examination, I have foll0v all the applicable Direth'ons given by the Charity Commission under Secti 145{51(b) of the Act Independent The charity's gross income exceeded £25,Q)O and l am qualified to •xaminorf8 8tat6ment undertak8 the examination by beiNJ a qualified member of the Institute of Chartered AccounL3nts in EryJland arKI Walès. I have completed my examination. I confim that no material matters have come to my attenlion in connection with the examination {oth8r than that disdosed beW.} which gives me cause to believe that in, any material respect.. the accountsng records were not kept in accordance yth section 130 of the Charities Act., or the accounts did not accord with the accxyjnting records,. or the accounts did rnt c£Jmply with Ihe applicable requirements conceming the fom and content of accounts set out in the Charities (Accounts and Reports) Regulatifxts 2008 other than any requirement that the accounts give a 'true and fairf view b¥hich is not a matter considered as part of an independent examination. I have no concems and have come acros$ no other matters in connection th the examinab'on to which attents'on should be dravm in this report in order to enable a proper understanding of the accounts to be athed. . Please delele the wonls in the brnckets rfthey do not apply. Slgned: Date: iJ141 I Name: )A r)1 CftOLJTE4tr-ft 16
Relevant profvssional qualificationls) or body (If any): i T IlE OF LATEl26 D f+cLd(AAiiA NJ JS INJ LWA)I U)*L&3 Address: Hoof&h7L QLAL& ri 6EA Section B Disclosure Only complete Il the examiner needs to hi9hlighl material matters of concern (see CC32. Independent examination of charity aunIs. directions and guidance for examiners). Giv• here brief dètails of any Items that the examiner wis15 to disclose. 17