2021-08-31-accounts

CONTENTS
TRUSTEES, OFFICERS AND PROFESSIONAL	ADVISORS .....	3
CHIEF EXECUTIVE'S MESSAGE		..4
OUR VISION, MISSION AND VALUES ..		.,7
TRUSTEES' REPORT..		...B
INDEPENDENTAUDITORS' REPORT.		..1B
STATEMENT OF FINANCIAL ACTIVITIES..		..22
BALANCE SHEET		...23
CASH FLOW STATEMENT.		„„,.24
NOTES TO THE FINANCIAL STATEMENTS. ,		......25

Principal	Office and Registered Office:	Third Floor
		Charles House
		5-11Regent Street StJames's
		London
		SW1Y4LR
Charity Number:		1177681
Company	Number:	11104438

Kitty Higgins		Chief Executive Officer	Chief Executive Officer	Chief Executive Officer
Nel Flint		Chief Operating	Officer
Stuart Beattie		Chief Technology	Officer
Fiona Shearer		Chief Financial Officer
Emily Gibbons		Head of Fundraising
Emily Kalkan		Head ofMarketing		and Communications	(maternity	leave) returns 25October 2021)
Tracey Tynan		Head ofMarketing		and Communications	(maternity	cover) leaves 22 October 2021
independent	Auditors	Hazlewoods LLP
		Staverton Court
		Staverton
		Cheltenham
		GL51 OUX
Bankers		Santander
		Bootle
		Merseyside
		L304G8
Solicitors,		Addleshaw Goddard		LLP
		One St Peter's Square
		Manchester
		M2 3DE

		~	A positive impact on pupils' reading attainment
		~	A positive impact on pupils' enjoyment ofreading, confidence	in reading, reading
			motivation and reading frequency
		~	A positive impact on pupils' comprehension skills, vocabulary and reading fluency
		~	Changes in pupils' reading attainment pre and post intervention
~	~	~	Changes in pupils' attitudes towards reading pre and post intervention
		~	We will also collect data on a range ofmeasures related to volunteer and school
			experience of Bookmark, including levels of overall satisfaction,	effectiveness oftraining,
			support and resources and usability oftechnology
		Teacher and volunteer data:
		~	Teacher surveys and interviews
		~	Volunteer surveys and interviews
		Pupil	data:
		~	Reading level data
		~	Attitudinal data, through surveys and play-based focus groups
		~	Demographic data e.g.gender, age, BAME, EAL, SEN and Pupil	Premium
		~	Numerical data, such as number ofprogrammes complete and	number	of children
			supported
		~	Continuous evaluation ofdata will allow us to be responsive to	volunteer	and school
			needs and to make evidence-based operational changes
		~	Annual evaluation ofoutcomes will create the opportunity for	a period of learning		and
			development over the Summer holidays and will support school and volunteer attraction
			each new academic year
		~	Stand-alone evaluations of pilot projects will inform wider learning and development
			while also helping us to develop and sustain relationships with	partner organisations
		~	Robust evaluation would allow us, should we deem it necessary	and appropriate,		to
			build towards the long-term aim of an additional independent	external evaluation		ofthe
			impact ofour reading programme, for example a Randomised Control Test carried			out by
			the Education Endowment Foundation
		~	We aim to publish annual impact report that are similar to that	published	in September
			2021,based on either internal or external evaluation ofour impact
		~	ln order to effectively communicate our impact to our stakeholders, our		impact reports
			will combine quantitative and qualitative data —including extended case		studies

						12months	17months
						to 2021	to2020
			Note	Unrestricted	Restricted	Total	Total
				f	f		f
Income
Donations	and Legacies		2	1,656,054	555,481	2,211,535	1,955,634
Investment		Income	3	22,050		22,050	80,548
Total income			4	1,678,104	555,481	2,233,585	2,036,182
Expenditure:
Raising funds			5	(261,007)		(261,007)	(238,104)
Charitable	Activities		6	(973,176)	(441,971)	(1,415,147)	(1,372,577)
Governance		and support costs	7	(7,838)		(7,838)	(10,454)
Total expenditure				I1,242,021)	(441p971)	(1,683,992)	(1,621,135)
Net income before transfers				436,083	113,510	549,593	415,047
Transfers between funds				6,389	(6,389)
Net income for the period				442,472	107,121	549,593	415,047
Balances brought 2020		forward 31eAugust		572,933	85,314	658,247	243,200
Balances carried 2021		forward 31*'August	15	1,015,405	192,435	1,207,840	658,247

				31August	31August
				2021	2020
			Note	Total	Total
				E
FIXEDASSETS
Intangible fixed assets			10	153,879	174,248
Tangible fixed assets			11	9,226	18,452
Investments			12	1	1
				163,106	192,701
CURRENT ASSETS
Debtors, prepayments	and	accrued Income	13	81,137	98,932
Cash at bank and in hand				1,017,889	471,115
				1,099,026	570,047
CURRENT LIABILITIES
Creditors and accruals			14	(54,292)	(104,501)
				(54,292)	(104,501)
NET CURRENT ASSETS				1,044,734	465,546
NET ASSETS				1,207,840	658,247
REPRESENTED BY:-
Restricted funds			16	192,435	85,314
Unrestricted funds			15	1,015,405	572,933
				1,207,840	658,247

CASH FLOW STATEMENT
		Notes	2021	2020
		below
Net cash provided by (used in) operating	activities		636,422	544,012
Cash flows from investing activities:
Purchase of intangible fixed assets			(87,467)	(177,000)
Purchase offixed assets			(2,181)	(22,166)
Change in cash and cash equivalents			546,774	344,846
A. RECONCILIATION OF NET INCOME/(EXPENDITURE)		TO NET CASH INFLOW FROM	OPERATING ACTIVITIES
			2021	2020
			f	f
Net income for the reporting year			549,593	415,047
Adjustments for:
Depreciation oftangible fixed assets			10,434	12,802
Amortisation of intangible fixed assets			84939	81,614
Loss on disposal oftangible fixed assets			973
Loss on intangible assets written off			22,897	46,838
Decrease / (increase) in debtors			17,795	(74,360)
(Decrease)/ increase in creditors			(50,209)	62,071
Net cash provided by /(used in) operating	activities		636,422	544,012
B.ANALYSIS OF THE CASH AND CASH EQUIVALENTS
		2020	Change	2021
		f	In year	f
Cash at bank and in hand		471,115	546,774	1,017,889
Change in cash and cash equivalents		471,115	546,774	1,017,889

							12months	17months
					Unrestricted	Restricted	to 2021	to 2020
								f
Donations and	Legacies:
Donated	services				82,265		82,265	135,520
Individual	donations				16,586	12,959	29,545	50,345
Corporate	donations				1,121,238	86,816	1,208,054	677,899
Trusts and foundations				donations	96,250	372,361	468,611	66,041
Major donations		and		Pindar family	251,384	77,335	328,719	485,691
donations
Gift aid					58,651		58,651	94,595
Instagiv /	iustgiving		donatians		7,934	6,010	13,944	4,228
Corporate	fundrai	sing		events /	9,384		9,384	5,485
Charity Challenge
Charity fundraising			events					342,530
School contributions					744		744	450
					1,644,436	555,481	2,199,917	1,862,784
Grants:
Furlough	income				11,618		11,618	92,850
					1p656p054	555481	2211535	1,955,634

INVESTMENT INCOME
			12months	17months
	Unrestricted	Restricted	to 2021	to 2020
			f
Bank interest	524		524	1,895
Income from subsidiary	21,526		21,526	78,653
	22,050		22,050	80,548

4 NET INCOME FOR THE YEAR	4 NET INCOME FOR THE YEAR	4 NET INCOME FOR THE YEAR	4 NET INCOME FOR THE YEAR	4 NET INCOME FOR THE YEAR
								12months	17months
						Unrestricted	Restricted	2021	to2020
This is stated		after charging:
Depreciation						10,434		10,434	12,802
Amortisation						81,102	3,837	84,939	81,614
Loss on write		offof intangible		asset		22,897		22,897	46,838
Ioss on disposal oftangible			fixed		assets	973		973
Audit Fee						7,440		7,440	7,200
5 COST OF	RAISING FUNDS
								12months	17months
						Unrestricted	Restricted	to 2021	To2020
								E	E
Staff costs						140,518		140,518	75,969
Legal &professional									11,940
Marketing						378		378	239
Premises and		ITcosts				12,502		12,502	19,825
Fundraising	costs					36,403		36,403	110,960
Other costs						1,300		1,300	102
Shared costs		Ifinance, marketing			and	69,906		69,906	19,069
central costs)
						261,007		261,007	238,104
6 CHARITABLE EXPENDITURE
								12months	17months
						Unrestricted	Restricted	to 2021	to 2020
								E	E
Staff costs						203,160	351,992	555,152	603,651
Programme	and volunteer		costs			84,787	44,726	129,513	63,109
Legal &professional						8,236	1,094	9,330	25,150
Marketing						2,089	2,184	4,273	9,676
Premises and		ITcosts				236,361	41,975	278,336	307,690
Other costs						858		858	995
Shared costs		(finance, marketing			and	437,685		437,685	362,306
central costs)
						973,176	441,971	1,415,147	1,372,577

				12months	17months
		Unrestricted	Restricted	to 2021	to 2020
					E
Legal &professional		350		350	795
Other costs		48		48	59
Accountancy	Costs	7,440		7,440	9,600
		7,838		7,838	10,454
8 STAFF COSTS AND NUMBERS
				12months	17months
		Unrestricted	Restricted	to 2021	to 2020
				E	E
Fundraising
Salaries		125,142		125,142	66,366
Social Security		11,603		11,603	5,989
Pension costs		3,416		3,416	2,006
		140,161		140,161	74,360
Charitable Activities
Salaries		180,148	310,642	490,790	528,256
Social Security		14,391	29,374	43,765	51,813
Pension costs		6,189	11,976	18,165	18,669
		200,728	351,992	552,720	598,738
Shared Salaries
Salaries		326,879		326,879	238,548
SocialSecurity		34,243		34,243	22,238
Pension costs		14,955		14,955	9,313
		376,078		376,078	270,099
Total		716,967	351,992	1,068,959	943,197

		2021	2020
Fundraising			1
Charitable	Activities	16	12
Shared Personnel		7	3
		27	16

2021	2020
E	E

		Assets
		under
	Software Assets	Construction	Total
Cost
At 1September 2020	235,825		235,825
Additions	6,534	80,933	87,467
Transfers to asset	58,800	(58,800)
Disposals	(33,880)		(33,880)
At 31August 2021	267,279	22,133	289,412
Depreciation
At 1September 2020	61,577		61,577
Charge for the year	84,939		84,939
Disposals	(10,983)		(10,983)
At 31August 2021	135,533		135,533
Net book value
At31August 2020	174,248		174,248
At 31August 2021	131,746	22,133	153,879
11 TANGIBLE FIXED ASSETS
	Office Equipment	ITEquipment	Total
	E	E	E
Cost
At 1September 2020	3,927	30,494	34,421
Additions		2,181	2,181
Write Offs/Disposals	(995)	(4,646)	(5,641)
At 31August 2021	2,932	28p029	30,961
Depreciation
At 1September 2020	1,439	14,530	15,969
Charge forthe year	1,142	9,292	10,434
Write Offs/Disposals	(594)	(4,074)	(4,668)
At 31August 2021	1,987	19,748	21,735'
Net book value
At 31August 2020	2,488	15,964	18,452
At 31August 2021	945	8,281	9,226

			2021	2020
Investment	in	subsidiary	1	1

		2021	2020
		E	E
Turnover		22,523	76,108
Administrative	expenses	(983)	(1,105)
Interest receivable		1	16
Interest payable and similar charges		(15)	(13)
Corporation	tax		703
Profit for the	period	21,526	75,709

t 31August 2021	,B	ookmark Reading Trading Limited had the foll	owing assets and liabilities:
			2021	2020
			E	E
Debtors			1,737	1,145
Cash at bank and	in	hand	2,239	77,769
Creditors: Amounts		due within one year	(3,975)	(78,913)
Share capital
Reserves
			1	1

		2021	2020
		6	f
Trade debtors		750	11
Prepayments		45,974	21,051
Accrued	income	34,413	2,914
Amounts	owed by related parties		74,956
		81,137	98,932

		2021	2020
		6	E
Trade creditors		8,699	11,592
Accruals		11,333	17,073
Deferred	income	4,060	51,450
Taxation	and social security	23,882	19,457
Pensions	contributions	6,268	4,929
Amounts	owed to related parties	50
		54,292	104,501

		Balance			Transfers	Balance
		1September	Incoming	Resources	between	31August
Name of Fund		2020	resources	expended	funds	2021
		f	f	f	E	E
General fund		572,933	1,678,104	1,242,021	6,389	1,015,405
Restricted Funds		85,314	555,481	441,971	(6,389)	192,435
		658,247	2,233,585	1,683,992		1,207,840
ANALYSIS OF RESTRICTED FUND		MOVEMENTS
		Balance			Transfers	Balance
		1September	Incoming	Resources	between	31August
Name of Fund		2020	resources	expended	funds	2021
		f	f	E	f	E
Literacy Capital grant		1,800		1,800
Wandsworth grant		7,217		7,217
CVC Support grant*			60,000	58,064	(1,936)
Headsets fund		2,259		2,259
Bridgepoint*				1,400	1,400
The Big Give fund*		74,038		71,824	(2,214)
Drapers			10,000	6,666		3,334
Clarion Old Ford			4,935	3,290		1,645
Rank Group Foundation			30,000	30,000
Westminster Community	Fund		10,020	8,198		1,822
Literacy Capital Grant			16,800	16,800
Big Give Christmas			100,310	68,808		31,502
Rank Covid			25,000	25,000
Time to Shine			14,045	11,579		2,466
Garfield Weston			100,000	58,334		41,666
Julia and Hans Rausing*			48,361	44,722	(3,639)
Postcode Lottery			20,000	20,000
Local Giving			6,010	6,010
Batchworth			10,000			10,000
The Big Give fund*			100,000			100,000
		85,314	555,481	441,971	(6,389)	192,435