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2022-08-31-accounts

Bookmark Reading Charity
Trustees'
Report and Financial Statements
for the year ended 31August 2022
CONTENTS
TRUSTEES, OFFICERS AND PROFESSIONAL ADVISORS
CHIEF EXECUTIVE'S MESSAGE
OUR VISION, MISSION AND VALUES .8
TRUSTEES' REPORT . 9
INDEPENDENT AUDITORS' REPORT. .20
STATEMENT OF FINANCIAL ACTIVITIES .24
BALANCE SHEET 25
CASH FLOW STATEMENT .26
NOTES TO THE FINANCIAL STATEMENTS .27

~ A positive impact on pupils'
reading attainment
~ A positive impact on pupils'
enjoyment
of reading,
confidence
in reading,		 reading
motivation
and reading frequency
~ A positive impact on pupils' comprehension
skills, vocabulary
and reading		 fluency
~ Development
ofwhole-school
reading culture
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 of measures
related to volunteer
and		 school
experience of Bookmark,
including
levels ofoverall 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 of programmes
complete
and		 number ofchildren
supported
~ Continuous
evaluation
of data 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 of our reading programme,
for example a Randomised
Control		 Test carried out by
the Education
Endowment
Foundation
~ We aim to publish
annual
impact reports that are similar to that published		 in September
2021,based on either internal
or external
evaluation
ofour impact
~ In order to effectively communicate
our impact to our stakeholders,
our impact reports
will combine quantitative
and qualitative
data - including
extended
case studies

Note Unrestricted Restricted 2022 2021
E E
Income
Donations
and Legacies		 2,222,406 2,851,525 5,073,931 2,211,535
Investment
Income		 76,475 76,475 22,050
Total income 2,298,881 2,851,525 5,150,406 2,233,585
Expenditure:
Raising funds (276,833) (67,098) (343,931) (261,007)
Charitable
Activities		 65 7 (1,752,495) (2,960,617) (4,713,112) (1,415,147)
Governance
and support costs		 8 (19,441) (19,441) (7,838)
Total expenditure (2,048,769) (3,027,715) (5,076,484) (1,683,992)
Net income before transfers 250,112 (176,190) 73,922 549,593
Transfers
between
funds		 (110,843) 110,843
Net income for the period 139,269 (65,347) 73,922 549,593
Balances brought
forward 31"August
2021		 1,015,405 192,435 1,207,840 658,247
Balances carried forward 31"August
2022		 16 1,154,674 127,088 1,281,762 1,207,840

2022 2021
Note
FIXEDASSETS
Intangible
fixed assets		 11 67,353 153,879
Tangible fixed assets 12 3,097 9,226
Investments 13 1 1
70,451 163,106
CURRENT ASSETS
Debtors, prepayments and accrued income 14 125,023 81,137
Cash at bank and in hand 1,216,219 1,017,889
1,341,242 1,099,026
CURRENT LIABILITIES
Creditors
and accruals		 15 (129,931) (54,292)
(129,931) (54,292)
NET CURRENT ASSETS 1,211,311 1,044,734
NET ASSETS 1,281,762 1,207,840
REPRESENTED BY:-
Restricted funds 17 127,088 192,435
Unrestricted
funds		 16 1,154,674 1,015,405
1,281,762 1,207,840

Notes 2022 2021
below E
Net cash provided
by operating
activities		 213,359 636,422
Cash flows from investing
activities:
Purchase of intangible
fixed assets		 (13,455) (87,467)
Purchase offixed assets (1,574) (2,181)
Change
in cash and cash equivalents		 198,330 546,774
RECONCILIATION
OF NET INCOME/(EXPENDITURE)		 TO NET CASH INFLOW FROM OPERATING ACTIVITIES
2022 2021
Net income for the reporting
year		 73,922 549,593
Adjustments
for:
Depreciation
oftangible
fixed assets		 7,537 10,434
Amortisation
of intangible
fixed assets		 99,981 84,939
Loss on disposal oftangible
fixed assets		 166 973
Loss on intangible
assets written
off		 22,897
(Increase) / decrease
in debtors		 (43,886) 17,795
Increase / (decrease)
in creditors		 75,639 (50,209)
Net cash provided
by / (used in) operating		 activities 213,359 636,422
ANALYSIS OF THE CASH AND CASH EQUIVALENTS
2021 Change 2022
In year
Cash at bank and in hand 1,017,889 198,330 1,216,219
Change
in cash and cash equivalents		 1,017,889 198,330 1,216,219

ation
is calculated to write offthe cost
g rates:		 or valuation
of intangible
asset		 s ov
Software
assets		 3years straight line
Assets under construction Nil

2 INCOME FROM DONATIONS INCOME FROM DONATIONS INCOME FROM DONATIONS INCOME FROM DONATIONS
Unrestricted Restricted 2022 2021
Donations
and Legacies:
Donated services 113,363 1,617,446 1,730,809 82,265
Individual
donations		 16,509 35,000 51,509 29,545
Corporate donations 1,399,106 731,382 2,130,488 1,208,054
Trusts and foundations donations 79,021 311,124 390,145 468,611
Major donations
and		 Pindar family 466,585 141,588 608,173 328,719
donations
Gift aid 66,744 13,931 80,675 58,651
Instagiv / Justgiving donations 13,944
Corporate
fundraising		 events / 57,878 1,054 58,932 9,384
Charity Challenge
School contributions 23,200 23,200 744
2,222,406 2,851,525 5,073,931 2,199,917
Grants:
Furlough
income		 11,618
2,222,406 2,851,525 5,073,931 2,211,535
The nature ofdonated
services		 received during the year were:
Unrestricted Restricted 2022 2021
Donated Services:
Legal Support 14,258 4,318 18,576 12,750
Consulting/
Professional		 Support 38,743 105,714 144,457 67,930
Games and Reading Materials 265,462 265,462 585
Staff Training 2,762 2,762
ITequipment
and software		 600 1,211,952 1,212,552
Premises 30,000 30,000
Marketing
Support		 57,000 57,000 1,000
113,363 1,617,446 1,730,809 82,265
3 INVESTMENT INCOME
Unrestricted Restricted 2022 2021
E
Bank interest 360 360 524
Income from subsidiary 76,115 76,115 21,526
76,475 76,475 22,050
Unrestricted Restricted 2022 2021
This is stated after charging:
Depreciation 7,537 7,537 10,434
Amortisation 99,981 99,981 84,939
Loss on write off of intangible asset 22,897
Loss on disposal oftangible fixed assets 167 167 973
Audit Fee 9,240 9,240 7,440
5
COST OF RAISING FUNDS
Unrestricted Restricted 2022 2021
Staff costs - payroll 122,421 59,908 182,329 140,161
Staff costs —other 20,422 20,422 356
Lega I fees
Professional fees 6,000 6,000
Marketing 2,153 2,153 378
Premises and ITcosts 18,480 7,190 25,670 12,502
Fundraising costs 41,515 41,515 36,403
Other costs 338 338 1,300
Shared costs (finance, marketing and 65,504 65,504 69,906
centra
I costs)
276,833 67,098 343,931 261,007

Unrestricted Restricted 2022 2021 2021
E
Staff costs —payroll 551,242 244,714 795,956 552,720
Staff costs —other 25,260 746 26,006 2,432
Programme and volunteer costs 211,092 2,457,522 2,668,614 129,513
Legalfees 14,258 6,819 21,077 1,000
Professional fees 18,645 142,032 160,677 8,330
Marketing 7,019 7,388 14,407 4,273
Premises
a		 nd ITcosts 399,918 51,083 451,001 278,336
Other costs 2,041 2,125 4,166 858
Shared costs (finance, marketing and 523,020 48,188 571,208 437,685
centra
I costs)
1,752,495 2,960,617 4,713,112 1,415,147
EXPENDITURE BYACTIVITY
Reading Bookmark Magazine Resources Projects 20'
Program Boxfor (3) (4) (5) Tot
(1) Ukraine
(2)
E
Current Year Analysis
Staff costs —payroll 728,044 31,620 5,330 14,381 16,582 795,9!
Staff costs - other 26,006 26,0(
Programme and volunteer 175,742 2,220,970 59,269 212,633 2,668,6:
costs
Legal fees 16,758 4,319 21,0,
Professional fees 17,571 10,900 132,206 160,6,
Marketing 10,552 1,203 2,652 14,4(
Premises
and		 ITcosts 420,260 29,886 446 715 451,0(
Other costs 1,950 1,426 91 681 18 4,1(
Shared costs 523,020 34,913 3,128 9,842 571,2(
1,919,903 2,335,237 65,136 233,475 159,363 4,713,1]

Unrestricted Restricted 2022 2021
Fundraising
Salaries 107,577 51,186 158,763 125,142
Social Security 9,974 4,831 14,805 11,603
Pension costs 3,835 2,338 6,173 3,416
Redundancy
costs		 1,035 1,553 2,588
122,421 59,908 182,329 140,161
Charitable
Activities
Salaries 478,218 228,889 707,107 490,790
Social Security 52,972 11,790 64,762 43,765
Pension costs 20,052 4,035 24,087 18,165
551,242 244,714 795,956 552,720
Shared Salaries
Salaries 302,006 38,643 340,649 326,879
Social Security 31,218 4,063 35,281 34,243
Pension costs 13,567 1,854 15,421 14,955
Redundancy
costs		 21,344 21,344
368,135 44,560 412,695 376,078
Total 1,041,798 349,182 1,390,980 1,068,959
2022 2021
Fundraising
Charitable Activities 25 16
Shared Personnel 6 7
36 27

11
INTANGIBLE F		 IXEDASSETS
Assets
under
Software Assets Construction Total
E E
Cost
At 1September 2021 267,279 22,133 289,412
Additions 13,455 13,455
Transfers to asset 35,588 (35,588)
Disposals
At 31August 2022 302,867 302,867
Depreciation
At 1September 2021 135,533 135,533
Charge for the year 99,981 99,981
Disposals
At 31August 2022 235,513 235,513
Net book value
At 31August 2021 131,746 22,133 153,879
At 31August 2022 67,353 67,353
12
TANGIBLE FIXED ASSETS
Office Equipment IT Equipment Total
E E
Cost
At 1September 2021 2,932 28,029 30,961
Additions 1,574 1,574
Write Offs/Disposals (3,477) (3,477)
At 31August 2022 2,932 26,126 29,058
Depreciation
At 1September 2021 1,987 19,748 21,735
Charge for the year 903 6,634 7,537
Write Offs/Disposa Is (3,311) (3,311)
At 31August 2022 2,899 23,072 25,961
Net book value
At 31August 2021 945 8,281 9,226
At 31August 2022 3,054 3,097

2022 2021
f
Investment in subsidiary
he wholly owned subsidiary, Bookmark Reading Trading Limited, is a company registered in England and Wales. It is
sed to operate the non-charitable activities of Bookmark Reading Charity.
Bookmark Reading Trading Limited has only one share of f1 in issue, which is held by Bookmark
Reading Charity.
he activities and results of Bookmark Reading Trading Limited were:
2022 2021
Turnover 77,188 22,523
Administrative expenses (1,056) (983)
Interest receivable 1
Interest payable
and similar		 charges (17) (15)
Corporation tax
Profit for the period 76,115 21,526
2022 2021
Debtors 3,620 1,737
Cash at bank and in hand 13,185 2,239
Creditors: Amounts due within one year (16,804) (3,975)
Share capital
Reserves

14 DEBTORS DEBTORS
2022 2021
E
Trade debtors 5,746 750
Pre payments 42,553 45,974
Other debtors 70,609 34,413
Amounts owed by related parties 6,115
125,023 81,137
15 CREDITORS —amounts falling due within one year
2022 2021
Trade creditors 17,312 8,699
Accruals 75,444 11,333
Deferred income 4,060
Taxation and social security 29,030 23,882
Pensions contributions 8,145 6,268
Amounts owed to related parties 50
129,931 54,292

NOTES TO THE FINANCIAL S NOTES TO THE FINANCIAL S NOTES TO THE FINANCIAL S TATEMENTS (cont TATEMENTS (cont TATEMENTS (cont TATEMENTS (cont TATEMENTS (cont in Ll ed)
16
ANALYSIS OF UNRESTRICTED		 FUND MOVEMENTS
Balance Transfers Balance
1 September Incoming Resources between 31August
Name of Fund 2021 resources expended funds 2022
f f f f
General fund 1,015,405 2,298,881 2,048,769 (110,843) 1,154,674
Restricted
Funds		 192,435 2,851,525 3,027,715 110,843 127,088
1,207,840 5,150,406 5,076,484 1,281,762
17
ANALYSIS OF RESTRICTED FUND		 MOVEMENTS
Balance Transfers Balance
1September Incoming Resources between 31August
Name of Fund 2021 resources expended funds 2022
f f f f
Your Story Corner (a) 258,474 233,474 25,000
Bookmark
Boxfor Ukraine		 (b) 2,317,422 2,376,810 59,388
Digital Transformation (c) 39,614 52,739 13,125
Morgan Stanley Project (d) 93,818 106,623 12,805
Reading Programme Funding (e)-
- Big Give fund Christmas (2021) 102,088 19,728 19,728 102,088
- Drapers 3,334 3,334
- Clarion
Old Ford		 1,645 1,645
- Rank Group Foundation 30,000 35,797 5,797
-Westminster
Community		 Fund 1,822 1,822
—Big Give Christmas
(2020)		 31,502 31,502
—Rank Covid
—Time to Shine 2,466 10,109 12,575
—Garfield Weston 41,666 41,666
—Batchworth 10,000 10,000
—The Big Give fund 100,000 100,000
192,435 2,851,525 3,027,715 110,843 127,088
The f25,000 in Your Story Corner relates to 2 grants for schools to promote the Whole School Reading Culture. The
Continuous
Professional		 Development Grant for teacher training
and the Whole School Reading Culture
Grant		 to help
schools address their specific literacy needs. The deadline for both applications is the 21 November
2022, and		 the
grants
will be made during January		 and February 2023.
The Big Give Fund Christmas 2021 delay
in spend		 has been agreed with The Childhood
Trust. The funding		 was
originally
granted
for January		 2022 to July 2022, but reading sessions were still being impacted by Covid19, and were
fewer than anticipated. As a result, the funding is now being utilised for reading sessions from September 2022 to July
2023.
Transfers
between
funds		 consist of f110,843 (2021:f11,697)transferred from restricted to unrestricted funds,
relating to shared costs and fundraising costs not covered by donations, This is offset by fnil (2021:f5,308) in relation
to restricted
expenditure		 that has been transferred
to unrestricted
funds, owing to the nature		 ofthe expenditure.
39
www. bookmarkreading.
org
Bookmark Reading
Charity		 l Registered Charity
No.		 1177681{England 8 Wales)
~ Company		 No. 11104438

17 ANALYSIS OF RESTRICTED ANALYSIS OF RESTRICTED ANALYSIS OF RESTRICTED ANALYSIS OF RESTRICTED ANALYSIS OF RESTRICTED ANALYSIS OF RESTRICTED FUND FUND MOVEMENTS (continued) MOVEMENTS (continued) MOVEMENTS (continued) MOVEMENTS (continued)
Balance Transfers Balance
1September Incoming Resources between 31August
Name of Fund 2020 resources expended funds 2021
E E E E E
Reading Programme Funding (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
8ridgepoint* 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 (2020) 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 Rousing* 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
Your Story Corner (a) Your Story Corner focuses on improving school reading resources by
delivering
a free		 box of200 books to a school.
Bookmark Boxfor Ukraine (b) In response to the Ukrainian crisis, Bookmark delivered 6,500 Boxes for
Ukraine to refugee children
arriving		 in the UK. Each box included high-
quality,
bilingual		 books, magazines, activities, stationery
packs and tablets
pre-loaded
with		 educational and language
apps and		 eBooks in both English
and Ukrainian
together
with sim cards		 so the children can stay in touch
with friends and family displaced
around the world
Digital Transformation (c) Project to identify and improve the functionality,
supportability,		 agility and
cost effectiveness of our technology and its support.
Morgan Stanley Project (d) Morgan Stanley Charity Challenge (run by Pilotlight) was an opportunity
Bookmark secured a place in. The support
provided		 by Morgan Stanley was
through
a team of		 VPs over a 6-week period, which ended in a final
presentation
and		 key recommendations relating to school business
development,
our		 charity's
continued		 growth and relationship
management.
Reading Programme (e) Bookmark
Reading		 Charity's
six-week		 reading programme. Each
programme
involves two 30-minute,		 one-to-one sessions each week. Each
session
in clearly		 structured
and comprises
a combination		 of reading books,
playing games and using their imagination
for		 storytelling
40
www. bookmarkreading.
org
Bookmark Reading Charity l Registered
Charity
No.		 1177681(England 5 Wales)
l Company		 No. 11104438

Unrestricted Restricted 31August 31August
Funds funds 2022 2021
Intangible
fixed assets		 67,353 67,353 153,879
Tangible fixed assets 3,098 3,098 9,226
Investments 1 1 1
Cash at bank and in hand 1,089,131 127,088 1,216,219 1,017,889
Other net (liabilities)/assets (4,909) (4,909) 26,845
1,154,674 127,088 1,281,762 1,207,840