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|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|
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|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|||||
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|||~|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||
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|||||||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|
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||||||||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|
##
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|||||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|
##
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|||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|
##
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||||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|
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