DO09n En10Ft ID: 5239D38F4)FEE4F2C4EFC-F11F9572F7A6 CHILDREN'5 BOOK PROJEcr FINANCIAL STATEMENTS 30 JUNE 2024 Charlty Number 1183092
F(21. 5239D38F4)FEE4F2C-9EFC471F957F7Pfj CHILDREN'S BOOK PROJEcr CHARITY INFORMATION Charlty number: 1183092 Remi Baker (Apwinted 09 Ortober2024J Stacey Dobson (Appointed09 October 2024) Anthony Mannrx (Appointed04 Ortober 2024) Elabeth Ann Norton Llsa Harrlngton Christopher Paul Shepaftl {Chairl Ran Holst (Reslgned O October 2022J Kathr Sh)g8ett (resigned 09 Ortober2024J PrfrKlp•l Office 25 Basseln Park Road London Wll 9RN Irbdepend¢nt Ex•mlner Alex Stone Edmund Carr LLP 146 New London Road Chelmsford Essex CM2 OAW B•nkers Natwe5t PO Box 1936 46 Nottlng Hill Gate Kenslngion WII 3HZ 21Page
Ded1n En¥01 ID: 5239D38F-DFEE4F2C-9EFC-F71F95T2F7 CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 CONTEf+irs PAGE Trustees Annual Report 4-19 Independent Examiners Report 20 Statement of Financial Activities 21 Balance sheet 22 Notes to the financial statements 23-30 31Page
DoutsvJn En¥4ope ID.. 523gD3BFIFEE4F2trgEFc.F7lF9572F7A6 CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From July 12023 Poriod start date To June 30th 2024 Period end date Charity name: The Chlldren's Book Project Charity reglstratlon number: 1183092 Objectlves and Activities SORP refwen Summary ofthe purposes of the charity as set out in its governing document Para 1.17 To advance educatlon of chlldren up to the age of 14 by supplySng books to chlldren who would not otherwise be able to afford theTn and by encouragin8 reading through community reading events. Summary ofthe main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identtfied in the accounts. Pera 1.17 and 1.19 l. Receipt of new and gently used books from publlshers and from book buying famllies donated via 'book drive, everbts held In schools and other settings and at specified drop off points. 2. Sorting of all donated books to ensure thelr suitability and then curation by age and stage Ifor thildren aBed O-14 years). 3. Liaison wbth schools and communily groups to establish the book and adIng related needs of the famllles and young people they support to dlrectly support these with donations of good quallty, relevant books and the resources to put on book glftln8 events. These Include initiative5 in conjunction with groups that support vulnerable mothers of babies under one year. young people in reform institutlons, 41Page
DO¢]gn Envdcpe ID: 5239D38F-DFEE4F2C-9EFC-F71F9572F7A CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 food bank users and 11ndirectl chlldren wlth a parent In prlson. 4. Admlnlstratlon of unlque creatfve delivery mechanics to support organlsatlons to g5ft books Irb the most compelllng waylsl Includlng Pop Up Book Huts, Pop Up Bookshops, Book Bundles, packs for gffting to mothers wlth young babies and Book Ba8S to support glftlng amongst refugee families. Statement confirming whether the trustees have had regard to the guidance issued by the ChaTily Commission on publlc benefil Para 1.18 Trustees have all recelved wrftten and verbal advlce of the guldance Issued by the Charlty Comm1551on on publlc beneflt. On thelr appolntment all slgned to conflrm thelr understandln8 of thls. Addltlonal Inforrnatlon (optlonall You ma choose to Include further statements where relevant about: SORP relen¢ The charlly's prlmary focu5 Is on provldln8 books to chlldren vla schools, rather than mèkln8 8rants to other organlsatlons. Parn 1.38 Pollcy on grant maklng The Royal 8orou8h of Ken51nglon & Chelsea IRBKCI part-funds our premlses In London WIO against a set of mutually agreed local engagement t?r8ets Ibooks gifted and volunteerlng hours dellveredl. We report against these three tlmes per year. Parn 1.38 Policy on social investment including program related investment This year the RBKC social value team has also quantlfied the soclal impact of our support both locally and natlonwlde. 51Page
Docusign EnlOpe ITr. 5239D38F-DFEE4F2C.9EFC.F71F9572F7A6 CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 As part of our relatlonshlp wlth R8KCs soclal value team we also agree to offer mentorlng support to other local groups where necessary and respond wherever practical to deeper glftlng opportunlties in the borough. We contlnue to be a volunteer-powered and lar8ely volunteer- led or8anlsation but recognlse the need for pald staff to undertake skills-based work, to enable us to scale and to permlt U5 to respond to the demand for our offer. Far8 1.38 Contributlon made by volunteers Over 140 Indfvlduals Includlng corporate, communlty and students volunteer wlth us each week durlng term ilme across our three Hos. ColleCte1¥ they help sort, box and also distribute over Iok books per week to children across Blrmlngham, Leeds and London vla our local hubs. We have put In place clear pollcles to help ourvolunteers understand what's expected of them In thelr role5 and what they can expect from us In return. A commltted team of slx regular volunteers work remote to support schools, organisatlons, sports clubs and communlty groups to run Book Drlves on our behalf and to have a posltive experlence doln8 so. They In turn are worklng wlth people natlonwlde that have chosen to glve thelrtSme puttln8 on these events. A new team of volunteers work across our 18 partner prlsons to ensure that our Pop Up Bookshop events can provlde as meanlngful experlence as Possible for a parent in prison. We work very hard to look after all our volunteers: to ensure that they are safe. able
I)0¢an EnvelcpÈ ID: 5239D38F4KE-4F2C-9EF&FTfF957F7AS CHILDREN'S BOOK PROJECT TRUSTEE'5 ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 and equipped to undertake theirwork for us and understand the value they bring. The communlty of volunteer5 that regularly run sessions on our behalf at each of our hubs has a strong identlty and sense of team, and we are Indebted to them for their support. We regularly review our volunteer Surveys to check where and how we can Improve the volunteerlng experience. Our torp)rate volunteerfng offer and programmels now a ¢entrdl strdnd of our resour. We have establTrshed meanlngful relationshlp5 Wlth many organlsatbons whose staff volunteer on a peat basls, some taklng on leadershlp roles when they loln us at Book HQ for the day. The Income generated by our corporate volunteerln8 pro8ramme Is used to offset our premises cost In all three hubs. We have worked hard th15 year to ensure that all corporate volunteeTs understand as fully as P055ible the nature of our worL the needs we seek to addres5 and the value of their impact. We've recognised this year the opportunlty that a FQSitive corporate volunteering experlence grves us io then bulld a deeper relatlonshlp wlth that company. As ofjune 2024 we employ 11 staff on a part tlme basL% whose roles could not easily lor reliably) be fulfilled by volunteers. These IndNlduals largely undertake operational roles and help ensure that we respond to opportunities as they arlse as well as rellable, tfjme delfvery agaln5t our ¢ommitments. Most of these staff provlde a central support functlon for our three operational teams in London, Birmingham and Leeits and thi5 year we've evolved this structure to supkx)rt antlclpoted growth outstde London. 71Page
tCUS5n ErNdcy8 ID.. s239D38F¢E£4F2¢-9EF&F71F9ST2F7l CHILDREWS BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 We are now relatr¥e well resourced across all our actlvitles, though recognise that our partner schools could benefit by more support and guldance around how to make the most of gifted book5. We also stfUB8le to flnd the volume and callbre of volunteer5 to run our re8ular bts)k sortin8 events In London. Hence, we are in the throes of recrultln8 two pald interns: two Indlvlduals that will support both these functlons. Achlevements and Perfomiance Our 2023-2024 focus ha5 been on steady 8rowth In tem)s of book volumes donated alon8side Improved delivery l experlence for all stakeholders: Summary of the maln achievements of the charty, klentifylng the drfference the harity's work has made to the GircumstanGes of tts benefi¢iaTies and any wider benefits to soclety as 8 whole. 120 11} for cIPIent schoo15 and organlsatFons Ilncludln8 prisonsl In temis of the pwentath)n and callbre of l)ooks and accompanylng collateral 121 for volunteers In ierm5 of thelr experlence. tralnln8 and understandlnB of the value they brln8 {31 for book donors in term5 of thelr ease of donatlon and thelr understandlng of the impact thelr books wlll have {4) forfunders and supporters In-klnd In tern of the extent and callbre of the feedback we provNle them (51 for employees In tern15 of the teams they work wlthln and their ability to effect real change. 81Page
OooJ5KJn En¥elope ID.. 5239D38F-DFEE4F2C-9EFC71F9572F7P CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 We are glad to have had the opportunity to embed and extend ourtwo core proBramme5 of actlvitv: Discovery Programme Expanded fmm 60 to 90 schools across London with an average 54% free school meals IFSMI represented 20% of books donated by publishers Improved tommunlcatlons to schools to facilitate forward planning and best use of books Attentlon paid to each school's wider community and to understanding anv pre-school or secondary school tles that might also be supported. Extensive positive feedback (anecdotal obseNed and recorded) about the impacts of our programmes on chlldren's appetite for reading for pleasure, on their selfsteem and on parental engagement. Share a Story Expanded to 16 prlsons natlonwlde despite the PrOn sertor belng heav5 under-resourced and under pressure. Wide demand forourofferand recognTtion of its multiple educational and family benefits in addition to our core objective of reaching children wlth a parent in prison. Research conducted in prisons durin8 the fourth quarter revealed the very personal impacts of this programme on chlldren's relationships with books and reading as a result of books being gifted to them In th15 manner. Pop Up Bookshop5 in Leeds and Birmingham Over45 Pop Up Bo0hOp5 were held in Birmingham and Leeds during this
DOC9 Envelop& ID.. 5239038F-DFEE4F2C-9EFC.F71F9572F7A8 CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 year, engaging every child in each school and fostering book buzz, opportunities to swap and share books and for the school community to celebrate readlng for pleasure. All of these schools are participating in the 2024-2025 programme of actlvlty. We have been fortunate to have been partnered wlth a number of other chartties that have helped u5 to Brft to harder to reach audSences Includlng pre-school chlldren, families that use food banks and thildren in foster care. Soclal value A consultant working with RBKC evaluated our Impact and establlshed the wider social value of our work. They valued a net social value of our work at £829k, a social ROI of £4.77:1 (project cost £220kl. Additional Informatlon (optlonal) You ma choose to include further ststements where relevant a)lrt. We published our first Impact report thSs year. This can be viewed onllne at: htt childrensbook ect.co.u Achievements against objectives set Para 1A1 Gffting volume5 351,548 books gifted vs. tsrget of 350k 134,375 children reached 478 organtsatlons supported 15,458 volunteerinE hours conducted Posltlonlng IOIPage
Do¢ulgn Envelcpe ID.. 523gD38F-DFEE4F2ts9EFGF71F9572F7A6 CHILDREN'S 800K PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 At ourjune 2024 board meetlng the Trustees approved a three year plan, indudin8 five overarching 8oals including an ambltlon to normalise the concept of 'hand me down, books and to make it easy for families to do so Wlth the books their children have grown out of. External recognr15on and sUPPOrt We have benefited ty a number of exctting profile-raLslng opportunities this year including amongst them the eXtense ¢overa8e we recelved from Heart FM on World Book Day and the opp)rtunlty to pllot and roll out a Book Drive acro55 a large number of Asda stores. Staff appolntments Eleven members of staff now work part time for the charlty. Onb)ardlnB these staff and ensuTln8 that their work doveialls wlth the crltlcal work undertaken by our volLJnteers has been a prkjrlty. as has been the emphasls we've plad on a collaborative culture where everyone's input is recogni5ed. Fundralsln8 objecteS were exceeded th15 year due mainly to the support of Literacy Capltal which in turn allowed v5 to unlock wider match funding (via The Big Gr¥el and to an increasingly robust corporate volunteerfng programme. Perfom18nce of fundratslng activtties againsl objectives set P•r8 1.41 Indlvldual fundralslnE was more successful YOY wlth grealer numbers of people choosing to run I sponsod read for us. Slgnfficant direct SUPF)Ort in kind was also recelved from various thlrd partles: IIIPage
Docus(gn En%tope ID.. tr299D38F-DFEE4F2C-9EFC-F71F95llF76 CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 - Donated preTnises in London and Birmingham N/a Investment perfomiance against objectives P*8 1.41 Financial Review Review of the charivs financial position at the end ofthe P0d Para 121 Total income in¢ased from £193k to £363k, a rise of 88%. rise primarily due to the Increase in corporate volunteering sessions, dellvery of new pro8rammes Including Prlsons and the generous supwrt from Literacy Capital of £k IPY £50kl and associated £34k recerwed thrthJ8h match fvnding via The Bi8 GTrve. Total expendrture of £251k wa5 £118k higher than in the prior year, reflecting the growth in servi$ delNered over the year and the increase in staff costs of £75k required to delrver these seNKes (Staff costs £126k / PY £51kl We finished the year wlth a 5urplu5 of £112k and Cash at Bankof£214k.The minimum reseNes requirement ha5 been increased to £160k post year end in line with our updated reserves policy outlined below. Generous 5UPPOrt from Literacy Capital represents 25% of total income for the financial year. To prevent an over relian on any single donor we aim to contlnue diversifying income 121Page
Dovjign Envelope ID.. 5239D38F.DFEE4F2C.9EFC.F71F9572F7A6 CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 through exlsting channels and engagement wlth new 5UPPOrters. The trustees meet 3 tlmes a year with the basls lo review the financial status. A brlef financial overview I statu5 is also shared with the trustees by email every 6 weeks during sthool term times. Statement explaining Ihe policy for holding reserves stating why they are held Para 1.22 As a resuk of the Browth of the charItS range and scale of actlvitles. the Trustees consider the minimum level of unrestrlcled reseNes should be increased this year to £160,000. Amount of reserves held Para 1.22 The accounts show unrestricted reseNes at 30 June 2024 of £213k ot which £7k are represented by fixed assets, leavlng free reseNes of £206k. Reasons for holding zero reserves PaTE 1.22 N/a Details of fund matsrially in deficit Para 1.24 Nla Explanation of any uncertainties about the harity continuing as a going conrn Para 1.23 Nla Addltlonal information (optional) You ma Ghoose lo include further statements where relevant about.. Fundraising underplns all our income generation. Our part-time fundraising manager works tlrele551y to engage with the widest pool of funders and to identlfy how I In whlch ways thelr support mlght dovetail with our need. She 15 adept at ensurin8 they remain abreast of the impact of their funding. The charity's principal sources of funds {including any ndraisingl Para 1.47 135Page
Do¢u&ign Envelope ID.. s239D38FFEE4F2c.gEFc-F71F9s72F7A6 CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 Our funding sources are diverse, and we wlll focus on maintaining this diversty in the year ahead.. National and local grant gNin8 bodies and trusts Iboth unrestricted and restrlctedl o William Wate5 Foundation o Kensington + Chelsea Foundatlon Camden Growth Fund The Peckham Settlement Fund The Earls Court Community Fund The Norton Rose Fulbright Charltable Trust The Albert HuntTrust Public company grant-giving programrnes (unrestricted) o Literacy Capf(al PSG Corporate volunteering donatlons and fundralslng activltles Ilargely unrestricted) Indlvidual fundralslnE activlties (largely unrestrlrtedl via Royal Parks Half Marathon and other events at our new fvndralsin8 page.. htt chlldrensboo or-us Oneff indNidual donations Ilargely unrestrictedl Nla Investment policy and objectives including any social investment policy adopted P8r& 1.46 Continued access to subsldised space is unllkely In London. If we are to commit to paid for warehouse Spa in London it must not be to the detriment of our ambition to address the gifting imbalantes between London and the two Regional HQS. Para 1.46 141 Page
DoaNtsJn ErNdcw ID: 5239D38F-DFEE-4F2C-9EFC-F71F9572F7A8 CHILDREN'S BOOK PROJEcr TRUSTEE'5 ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 A description of the principal risks facing the charity Due to workload. our term time only contracts may need to be revSsed in due course to pemilt some members of staff to work more weeks per year. This attaches increased cost though has the mitigating benefit of these roles hopefully belng more applicable to a wlder p)ol of potentlal emptoyees Irather than just those that can afford to work 36 weeks a year). Structure. Governance and Management Description of charity's trusts- Type of governing docurrEnt (trust deed, royal charter) Parn125 ConStition How is Ihe charity constituted? Para 125 ao (e.g unincorporated associalioii. CIO) Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees Pata 125 Trustee5 are selected by the boar(l and 0 to ensure varied expertlse and perspectbves with regards to knowledge of.. The needs of our audience (vulnerable I disadvantaged young peoplel and teaching staff I prartitioners that 5UPPOrt them The spectfic requirements of schoo15 and other organi5ations that work WTth and support young people Diverse perspectives Charity flnancial planning and best practice Business and logistical planning Knowledge of the publishing sertor. Appointments Includlng the appointment of two new Trustees We made following 151Page
Doe10 ErNelore D: 5239D38F-DFEE-4F2C-9EFGF11F9512F7N6 CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 advertisement internal and extemalty and with the input and support of existing Trustees. Additional infomiation (optional} You ma choose to include further ststemerrts where relevant aboul.. Policies and procedures The Chair and CEO support a planned indurtion adopted for the induction of all new trustees via facfrto-face and virtual and training of trustees meetings with the Exec Team and wlder team / Board of Trustees. Trustees are regularly invited to attend book sorting or other events. Ad hoc external training opportunSties for trustees are shared with tn15tees as these arise. Pa 1.51 Policies I procedures in place- Risk assessments for all premtses Volunteer Poli Volunteer Handbook Webslte a¢SsibIl[ty policy Privacy Policy Declaration of Interest ICO Self Check Role of a Trustee Safeguarding Pollcy First Aid Policy Trustee Code of Conduct Employee Handbook Itontent listed bel¢)W in Italic): Adoption Pol A(fverse Weather and Travel Oi5ruption Policy Anti-corruption and Bribery Policy Anti-Harassment and Bullying Pollcy Bereavement Leave Policy Conflict Of Interest Policy Olsciplinary Pollcy and Procedure Dress Code Policy Employee Data Protection I It and Data Securrty Policy Equality And DNersity Policy Flexible Working Policy 161Page
DocuswJTr E1)pe ID.. 5239D38F-DFEE4F2C-9EF&F71F9¥12F7 CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 Health And Safety Pollcy Lone Worklng Policy Maternlty Leave Polky Menopause Polity Parental Leave Pollcy Paternity Leave Poliry Performance Management Polky Shared Parental Leave Polkv Sltkness Polky Social Media Poli stre Policy Tlme Off for Dependent Leave Pollcy Whlstleblowln8 Polky Flnanclal Management & accountlng Flnanclal responslbis1ty1 Dele8atlon of authorlty Flnanclal Management and Accountln8 Pollcv Fundralsln8 pollcy Role of Trustees Trustee Code of Conduct A robust team of 11 part-tlme staff underpln the charity's operatlons. fundraSsing and marketlng. They are fully and ably sUPPOrted by a robust team of volunteers. The charity's organisational 8tructure and any wder neOrk th which the ¢harfty works Parn 1.51 The CEO. Llberty Venn, Is supported day to day by Kate charOn. Finance Dlrector, Klrstln Knell, Corporate Partnerships Manager and by Anna Neuff. Operatlon5 Manager. The team all work hard to bulld relatlonshlps acr055 the sertor, both with partner retlplent or8anbsation5 and with other delivery partner5. The charity has a very accountable and transparent delivery model and pla5 emphasis on collaboration and sharing of 171 Page
Docu8n Envelope ID.. 5239D38FiJFEE4F2&9EFC-F71F95T2F7*6 CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 resour and opportunitles wheneverthe opportuntty arlses to further benefft thelr target audSences. The charlty has benefited from support from many corporate organisations and is especialty grateful for the support recelved from Asda. Bonnler Books. Clsco. DCMS. PSG, RBKC. SaleSfor, Serco and Wates to name lust a Relationship wtth any related parties Porn 1.51
Docusign ErNelope ID.. 5239038F-OFEE4F2C-9EFfrF71F9572F7A6 CHILDREN'S BOOK PROJECT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2024 Reference and Adminlstrative details Charity name The Chlldren's Book Prolect Reglstered chartty number 1183092 Charity's princlpal address Reglstered address: 25 Basseln Park Road W12 9RN London book hub Iwarehouslng and volunteerlng premise51 7-9 Golborne Road W115PN Names of thè charlty trustees who manage the charlty DAte• 4¢t•d11 not forwhol• oar Tru8t•• nAm• Offlco111 Inyl Namo of pèrnon lor body) •nlftl•d toa olnt tTU•tee Slan Stac8y Dobson Remi Bakèr 09.10.24-PFesent 09.10.2&present 24.04.1 present 20.04.22-present 20.04.22-present 04.10.2>present Chris Shepard Elizabeth Norton Lisa Harrington Anthony Mannix Chair Declaratlons The trustèes dèclarè that they have approved tho trusteeg, roport above. Slgned on behall of the charlty's trustses Slgnature(sl Full narne(sl Posltlon (eg Secretary, Chair, etc) chri 5 shepard chal r Date 11 April 2025 191Page
DocusbJn Envelope ID.. 5239D38F.DFEE4F2C.9EFC.F71F9572F7A6 Chlldren's Book Project Independent Examiners Report Year ended 30 June 2024 I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 lune 2024 which are Set out on pages 21 to 33. Responslblliile5 and basts of report As the charlttys trustees you are responsible for the preparation of the accounts In accordance with the requireTllents of the Charities Act 20111'the ACVI. I report In respect of my examlnatlon of the charlty's accounts carrfed out under sertlon 145 of the Act and in carrylng out my examinatlon I have followed all the applicable Dlrectlons 8iven by the Charlty Commlsslon under sectlon 145lSllbl of the Act. Independent examlner's statement Slnce the charlty's gross income exceeded £250,000 your examlner must be a member of a body listed In sectlon 145 of the Act. I conflrm that l am quallfled to undertake the examlnatlon because I am a member of the A550clatlon of Charted Certlfled Accountants, whlch15 one of the11sted bodle5. I have completed my examlnatlon. I conflrm that no materlal matters have come to my attentlon In connectlon wlth the examlnatlon glvlng me cause to belleve that In any materlal respect: accountlng record5 were not kept In respect of the charlty as requlred by section 130 of the Act: or 2. the accounts do not accord wlth those records,. or 3. the accounts do not Comp with the appllcable requlrement5 concernln8 the form and content of account5 set out In the Charltles (Accounts and Reports) Re8ulatlons 2008 other than any requlrement that the accounts glve a 'true and falr vlew, whlch Is not a matter consldered as part of an Independent examlnatlon. I have no concerns and have come across no other matters In connettlon wlth the examination to whlch attention should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. Alex Stone FCCA Edmund Carr LLP 146 New London Road Chelmsford CM2 OAW 17 April 2025 201PaEe
Doutslgn ErNeSopo ID: s239D38FFEE4F2uEFwlFgsf7>fj Children's Book Projert Statement of Flnancial Activities Year ended 30 June 2024 2024 Restricted funds Totsl tunds Total funds 2023 Unrestrlcted funds Income and endowments Donations and legacie5 Investment Sncome 338,261 546 23.782 362,043 546 195.819 Total Income 338.807 23.782 362,589 195,819 Expendlture Expendlture on charltable actlvltles 226.019 24.582 250,601 136.375 Total expendlture 226,019 24,582 250,601 136,375 Net Income and net movement In fvnds 112.788 111,988 59.444 Recon¢lli•tI( of funds Total funds brought forward l(M).556 102,556 43,112 Total funds carrled lorw•rd 213.344 I.2) 214,544 102,556 The statement of flnandal artlvltles Indudes all 8alns and losses reco8ntsed In the year. All Income and expendlture derNe from tontSnulng acttvities. 21jPage
DOC En¥eh)F¢ D.. 5239D38F-DFEE4F2C-9EFCWIF9572F7P6 Chlldren's Book Project Balan Sheet 30 June 2024 2024 2023 Note Flxed assets Tanglble fixed assets io 6.910 2.157 Current Assets Debtors Cash at bank and In hand li 2.227 21350 104,266 215,7TI 104,266 Credhors: amounts fallln8 due wlthln one ye•v 12 8.143 3,867 Net current assets 207,634 ICl),399 Total assets less current Ilabllltles 21444 102,556 Net assets 214,544 102,556 Funds of the Chority Re5trlcted funds 13 Unrestrlcted funds 213,344 100,556 Totsl charfty funds 214,544 102,556 These flnanclal statements were approved by the board of trustees and authorf5ed for Issue on 11.AP.ri l 2025and are sl8ned on behalf of the ard by: Cti¥is SQyArl Chrlstopher Paul sherd Chalr 221Page
Do¢LtywJn Erwdope10.. 5239D38F-DFEE4F2C-gEFCW1F9572F7A6 Childrerfs Book Project Notes to the Financial Ststements fcontinued) Year ended 30 June 2024 Accounting policie5 Ba515 of preparatlon These flnancial statements have been prepared in complk?nce wlth FRS 102. The Financial ReF)Orting Standard appllcable in the UK and the Republic of Ireland,. the 5talement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. The finanaal statements have been prepared to give a true and fairf view and have departed from the Charities IAccounts and Reports) Regulatn5 2(M)8 onty to the extent required to provide a 'true and fairviev/. departu has invofved following Accounting and Reporting bv Charities preparingtheir accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 effectNe l January 2019 rather than the Accounting and ReportSng by Charities: Statement of Recommended Prartice effective from l April 2005 whlch has since been withdrawn. The charity meets the definition of a public benefft entity under FRS 102. The trust is a Charf(able Incorporated Organisation iaoi. reglstered charity Iiegi5tration number 11830921- The principal address is noted on page 2. The functional currency of the charty is considered to be pounds sterling because that Is the currency of the primary economic environment in which the Trust operates. The flnancial statements a also presented in wjunds steding. Amounts are presented to the nearest £. unless otherwise stated. Golng concern The Trustees have considered the ability of the Trust to continue as a golng concern. The trustees considerthat there are no material uncertainties about the charlS ability to contlnue as a golng concern for at least tWee months from the date of approving the accounts. Fund accounting Unrestricted funds are ardilable for use at the discretion of the trustee5 to further any of the charity's purposes. Destgnated funds are unrestricted fund5 eamiarked ty the trvstees for particular future project or commltment. Restricted funds are sublected to restrictions on thelr expenditure declared by the donor or through the temis of an appeal. 231Page
Do(xJsign En*e ID." S23)3BF-DFEE4F2&gsFC-F71F95l2F7A6 Children's Book Project Notes to the Financial Statements (contlnued) Year ended 30 June 2024 Accounting polkles (contlnued) Income All income is Included In the statement of flnanclal artivltles when entltlement has passed to the charltvi it is probable that ihe economic benefrts assodated wlth the transactlon wlll flow to the charity and the amount can be rellabty measured. The following speclfic pollcies are applied to particular categories of income: income from donations orgrants is recognised when there Is evldence of entltlement to the 8ift. recelpt is probable and Its amount on be mea5UTed reliably. legacy Income15 recogn15ed when recelpt ts probable and entltlement Is establlshed. Income from donated good5 Is measured at the falr value of the goods unless thts Is Impractlcal to measure relIab. In whlch case the Value ts derfved from the cost to the donor or the estlmated resale value. Donated facllrties and seTv5ce5 are recognlsed In ihe accounts when received if the value can be liablY measured. No amounts are included for the contrlbutlon of general volunteers. Income from contracts for the suppty of services Is recognlsed wlth the delery of the contracted service. This 15 classrfied as unrestricted fvnds unle55 there 15 a contractual requlrementfor ft to be spenl on a partlcular purpose and retumed If Pent, In whlch case It may be regarded as restricted. Expendlturo Expendlture is recogni5ed on an accruats basis a5 a liability incurred. Expendlture include5 anv VAT whlch cannot be fully recovered. and Is classffied under headlngs of the statement of financial actNitles to which tt relates: expenditure on raising funds include5 the wsts of all fundrat5in8 artivitie5, events, non- charltable tradlng actlvltSes. and the sale of donated goods. expenditure on charitable actfvltles Indudes all costs incurred by a charity In undertaklng activitles that further it5 charitable alms for the benefrt of its benef5ciaries, Includlng those support $t5 and costs relating to the governance of the charity apportloned to charitable actlvltles. other expendure Includes all expendtture that 15 neither related to ralslng funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Dlrect costs attrlbutableto a single actNity are allocated directlytothat actrvity. Shared tosts are apportioned between the activities they contribute to on a reasonable, justrfiable and consistent basis. 241Page
Do¢9n Envdcpe1Tr. 5239D38F-DFEE4F2fr9EFC-F71F9512F7A6 Children's Book Project Notes to the Financial Statements (contlnuedj Year ended 30June 2024 Accounting pollcles (contlnuedj Tanglble 05sets Tanglble assets are Inltlally recorded at cost, and subsequently stated at C05t less any accumulated depreciatlon and impalrn)ent losses. Any tan8lble assets carrled at revalued amounts are recorded at the falr value at the date of revaluatlon le55 any subsequent accumulated depreclatlon and subsequent accumulaled impairment losse5. Depreclatlon Depreclatlon is calculated so as to write off the cost orvaluatlon of an asset, less Its resldual value, over the useful economlc Ilfe of that asset as follows.. Equlpment Flxtures and FlttSn8S Motor Vehlcles 50% stral8ht Ilne 20% straight line 25% stralght Ilne Impalrment of flxed assets A revlew for Indlcators of Impalrment15 carrled out at each reportlng date, wlth the recoverable amount belng estlmated where such Indlcators exlst. Where the carrylng value exceeds the recoverable amount, the asset Is Impalred accordln8ly, Prlor Impairments are also revlewed for posslble reversal at each reporting date. For the purposes of Impairment testin8, when 'lt Is not posslble to estlmate the recoverable amount of an indfvidual asset, an estlmate Is made of the recoverable amount of the cash- 8eneratlng unlt to whlch the a55et belongs. The tash-generatln8 unlt Is the smallest Identlfiable group of assets that Includes the asset and generate5 cash Inflows that lar8ety Independent of the cash inflows from other assets or groups of assets. CJsh Ilow SteMent The charity has taken advantage of the exemptlon In the Charltles SORP FRS 102 from the requlrement to produ a cash flow Statement on the grounds that Itls a small charity. 25IPage
t*)(sn Envelope ID.. 5239D38F-DFEE4F2GgEFC-F71F9572FTA6 Chlldren's Book Project Notes to the Flnanclal Statements (continued) Year ended 30 June 2024 Donations and legacies unst11cted Restrlcted Funds Funds Total Fund5 Total Funds 2024 2023 Grants.. Corporate donors Grants.. Trusts and Foundatlons Fundra151ng events and onllne donatlons 78,774 169,563 3,838 19,182 82,612 188,745 53,406 96.667 48,267 762 49,029 37.423 Book recycling Glft Ald 785 785 745 875 875 3,354 1,000 200 3,024 Other donations Sales of product Income Donated Books in IPublicl Donated Books In IPubllsherl Donated Asset5 25,102 25,102 2,315 1,200 11,380 2,315 1,200 11,380 Total 338,261 23,782 362,043 195,819 Investment Income Unrestrlcted Totsl Funds Unrestrlrted Total Funds Funds 2024 Funds 2023 Bank Interest recelvable 546 546 261Page
Oo¢thwJn Enw¢knFe D.. 5239D38FiIFEE4F2C-9EFC-F71F9512F7A8 Children's Book Project Notes to the Flnanclal Statements (continued) Year ended 30June 2024 Expenditure on tharitable •rtivities by lund type Unrestricted Restrlcted Fund5 Funds Totsl funds 2024 Tot•1 funds 2023 Costs Purchases Wageslsalarles Employerfs NIC Volunteer thank you events Premises Cost5 Volunteer mtscellaneous Insurance Share a Story expendlture Trustee Relmbursement Fundraisln& Communlcatlons & Promotionals MotorlTravel costs Professlon31 Servlces Tech and Web des*n Other runnlng costs Interest payable Advertlslng and Marketlng Printlng, Postage and Statlonery Huts Dump blns and collateral Flxed Costs- Ex-London 3.426 120,940 1.162 1,797 20.682 3,686 755 394 122 5.211 651 1.897 8.542 50,424 578 309 2,175 1,509 3.857 122,837 1,162 2,042 23,502 4,189 830 5,394 122 6,093 245 2,820 503 75 882 2,899 17.081 1.245 3.978 4,968 13 12,396 5,322 979 1,225 6,359 123 815 677 23,440 1,368 4,793 20,076 798 4,876 1,316 13 14.436 7.182 1,112 L392 2,040 1.860 133 167 11,711 14,223 39 7,845 104 Flxed Asset Dlsposals 2.206 2.206 Depreclatlo 4.470 4,470 Books donated 3.515 3.515 3,024 Total 215,573 24,247 239,820 134,305 Govemance Accountanry fees 10.446 335 10,781 2,070 Total 10.446 335 10.781 2.070 Totsl 226,019 24.582 250,601 136,375 Included in accountancy fee5 are Independent Examiner fees of £2.[12023:£nI1l 271Page
Docuslgn En¥8lope ID.. $239D38F-OFEE4F2C-gEFCW1F9S12F7A6 Children's Book Project Notes to the Flnanclal Statements (continued) Year ended 30 June 2024 Staff costs The total staff costs and employee beneflts for the reportln8 perlod are anatysed as follows: 2024 2023 Wages and salaries Soclal securlty costs Other employee benefft5 122,837 1,162 50,424 578 The average head count of employees durlng the year was 912023: 41, The Charty conslder5 Its key management personnel to comprlse the Trustees and the Chlef Executlve Offlcer. The total employment beneflts Includlng employer pension contrlbutlons of the key management personnel were £19,865. No employees had employee beneflt5 In excess of £60,00012023.' none). Trustee remunerotlon and expenses No trustees received any remuneratlon durlng the perlod. Expense5 tolalllng £12212023: £nill were relmbursed to trustee5 In the year. No trustee had any personal Interest In any transactlons entered Into by the charlty durlng the perlod. 281Page
Dcwign ErNtW . S239D3aF-DF4F2c-9EF¢-F7IF95T2FT Chlldren's Book Project Notes to the Flnanclal Statements (contlnued) Year ended 30 June 2024 Tanglbie fixed assets Flxtures and Motor Flttlw £ Vehldes £ Equipment Total At I july 2023 Additions Oisposals At 30June 2024 625 48 16741 1.532 2.157 11,429 12,2061 11,5321 DepTeclatlofi At l July 2023 Charge In year 1,220 3.250 4A70 At 30June 2024 rryln8 Amount At 30 June 2024 At 30 June 2023 625 1,532 2.157 11. D•btorn 2024 2023 Prnpayinents and accrued income 2,227 2.227 12. Credltors: amounts fJlllng due wlthln One ythr 2024 2023 Soclal securlty and other tsxes Accruals Other creditors 2,669 1,198 8.143 3,867 291Page
r*)cusyJn ErNdope ID.. 5239D38F-DFEE4F2GgEFGF71F9572F7A6 Children's Book Project Notes to the Flnancial Statements (contlnued) Year ended 30 June 2024 13. Restrlrted Funds Balance as at I Income Expenditure Balance as at Jufy 2023 30 June 2024 Camden giving K & C Foundatlon (Dlscovery Programme RBKCI CG Benevlty- BlueBay Grant IDlscovery Programmel Rotary Club Putney (Heathmere Prlmary school restrlctedl The Hllden Charltable Trust (Share A Story Programmel Llz & Terry Bramall Foundatlon ILeeds restrlctedl Peskln . Corporate Donor (London re5trlctedl Redrow- CoTporate Donor (Oxford restrlctedl 2,CQO 12,0001 111,7821 12.982 1,200 1.500 11.5001 I,wo 11.0001 S,(0 15,0001 2,C(iO 12,0001 500 800 15001 18001 2,WO 23,782 124,5821 1,200 Balance as at I Income Expendlture Balance as at July 2022 30 June 2023 Black Ilves matter Natlonal expanslon Camden 8fvln8 K & C Foundat5on J H Rau5in8 Trust other 161 15,0001 5,WO 2,000 17,982 18.500 474 12,188 2,OIKI 117,9821 118,5001 112,6621 5,480 50,670 154,1501 2,000 30IPage
Dsn EnvolDpe ID.. 5239D38F-QfEE4F2C.9EF&F71F95T2FlPh Children's Book Project Notes to the Financial Ststements {continuedJ Year ended 30 June 2024 14. Analysts of net assets between funds Unrestrlcted Restrirted At 30 June 2024 Tangible fixed assets 6,910 6.910 Current Ajsets 214.577 1.21JJ 215,777 Current Liabllltles 18.1431 18.143} Total 213.344 1,2(N) 214,544 Unre5trlcted Restricted At 30 June 2023 Tan8lble fixed assets 2.157 2,157 Current Assets 102,266 104.266 Current LEabllitie5 {3,867) 13,8671 Total l(Kl,556 102,556 311Page
Docusign ErNelope ID.. 5239038F-tFEE4F2C-9EFC411F95T2FI Children's Book Project Notes to the Financial SLitements (continued) Year ended 30 June 2024 15. Anaty5is of thange5 in net debt At l Jul 2023 Cash flows At 30 June 2024 Cash at bank and In hand 104,266 109.284 21350 16. Transition to FRS 102 This is the first year that the charity has presented its results under FRS102. The last flnanclal statements were prepared under The Receipts and Payments basis for the year ended 30 June 2023 and the date of transttion to FRS102 was 1st July 2021 The chartty now reco8nLses transactions on an accrual basis rather than reiptS and payments This has led to timing differences when expenses are recognised, the impact of whlch are disclosed below, no adjustments Impacted the restrirted funds. 32jPage
Doc1gn ErNeknpe10.' 5239D38F-DFEE4F2C-9EF&F71F9512F7P Chlldren's Book Project Notes to the Flnancial Statements (continued) Year ended 30June 2024 (rth 16 continued) Re¢ondllatTon of Balance Sheet- Date of transition 1st July 2022 Receipts and Effect of Payments transition to Bas FRS102 FRS102 Axed a55ets Tangible fixed assets Current assets Debtor5 Cash at bank and in hand 43.112 43.112 43.112 43.112 Credltors: amounts falllng due wlthln ¢)ne y Net current assets 43.112 43,112 Total assets less current liabllltle5 43,112 43,112 Net a55ets 43,112 43.112 Funds of the charity Re51ricted funds 5.480 37.632 Unrestrirted fvnds 37.632 Totsl charity funds 43.112 43.112 331Page
Docusign En¥dgpE ID.. 5fJ9D38F-OFEE4F2C-gEFCm1F9572F7P Children's Book Project Notes to the Flnanclal Statements (continued) Year ended 30 June 2024 (note 16 continued) Recondllatlon of Balance Sheet- 30 June 2023 Recelpts and Effect of Payments transition to Basis FRS102 FR5102 Flxed assets Tangible fixed assets 2,157 2.157 Current assets Debtors Cash at bank and in hand 104,266 104.266 104,266 104,266 Creditor5: amounts falling due within one year 13.8671 13.8671 Net current assets 104,266 13,8671 100,399 Total assets le55 current1SabSlltSes 106,423 13.8671 102,556 Net assets 106,423 13,8671 102,556 Funds ofthe Charlty Restrlcted funds 2,OCM) 104,423 2.CQO 100,566 Unrestricted funds 13,8671 Total charity funds 106,423 13,8671 102,556 341 Page
C•oJihJn Envdcpe ID.. S239038F-DFEE4F2WC-F71F9572F7P Children's Book Project Notes to the Flnandal Statements (continued) Year ended 30 June 2024 (note 16 continwll Re¢oncili•ti< of Statement of Fjnandal Pthies- For year ended 30 June 2023 Receipts and Effert of Payments transition to Basi5 FRS102 FRS102 Income and endowments Donations and legacie5 192.795 3.024 195.819 Totsl inwme 192,795 3,024 195.819 Expendlture Expenditure on charitsble actlvlties 129.484 6,891 136.375 Totsl expenditure 129.484 6.891 136,375 Nel Income and net movement in funds 63.311 13.8671 59.444 351Page