Charity Registration No. 1184968 ASSISTING BERKSHIRE CHILDREN TO READ (CIO) REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 01 APRIL 2020 TO 31 MARCH 2021
ASSISTING BERKSHIRE CHILDREN TO READ (CIO) LEGALAND ADMINISTRATIVE INFORMATION Trustees Mr Paul Dieppe (Chair) Mr5 Pauline Harper (Deputy Chair) Mr Stephen Smith (Treasurer} Mr Michael Edwards Mfs Jenny Cwney Mr Adrian Meldrum Mrs Claire HerTiott Mrs Nadia Boyes (Appointed 14° Juty 2020) Operational Managernent Committee Mr Paul Dieppe Mr Stephen Sffltth Mrs Marcia Rowlinson Patrons James Carter Julie Cohen Dan Freedfflan RegIsted Charity Number 1184 Accountants C F Limiled 20 Woods Road Caversham Reading AG4 6NA Bankers Lloyds Bank PLC
ASSISTING BERKSHIRE CHILDREN TO READ (CIO) CONTENTS Page Trustees, report Independent examinerfs report Statement of financial activities Balance sheel Notes to the financid statements 6-12
ASSISTING BERKSHIRE CHILDREN TO READ (CIO) TRUSTEES, REPORT FOR THE PERIOD 01 APRIL 2020 TO 31 MARCH 2021 The Trustees presenl thesr rewrt and finaal sratements for the peri frotn April 1" 2020 to 31" March 2021. The financial stalernents have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charitys governing document. the Chariti&s Act 2011 and"Accounting and Reporbng by Chanlie5.' Statement of Recofflmended Prathrce applic*e to GhariDes preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK an¢Y Republic of Ireland IFRS 1021" las amend&d for accouniing periods ccKnmenung trom 1 January 20161 Objectives and activities The objects of the Charity afe to a(fvan the education arNJ Self-Confiden of children in Berkshire, partiujlaty by helping them overcome reading difficulties and Ihereby prornoting their general well-being. The Trustees have paid due regard to guidance issued by the Chartty Commission in deciding what activities the Charity should undertake. Achievements and pertomiance This report and accounts represent the first lull year f(A1oYng conversion of the tharity to a Chartlable Incorporated Organisalion ICIOI. The Charity's vision 15 that every child should be a reader. the self-conh"dence and skills to make positlV8 life chores and contribute to their wder c0MunIty. ABC to read has continued to prowde pU1C benefit by continuing to assist young childien in Berkshire wrth th&r reading and literacy skilLs. We know that COVID-19 1$ 90iThJ to have a long-lasting impact on society. The disruption lo children's literacy learning and education is a major riskfactor that ABC to read wll aY a signfflcant role in miD"gab"ng. School closures meant that many of the chiklren we supported were only able lo experience a short time with an ABC to read volunteer during 2020. However at least 120 children still managed to gain our support faCe-tO-fa whilst 160 children were able to tske part in our new online prcyramme. Like most charities ABC to read was badly affted by the Covid 19 parKlem but by one way or anoiher we have continued to deliver high quality lrfe changing litefacy suptKIrt across a range of our schools. Though we have seen a significant drop in schools, contributions because of the Impact of the pandemic we have sought to mitigate this through fundraising and cosls savirvJs acro ihe chartty. As a result of this we have managed to end the financial year withln a strong posth"on. During the year we raised £84.429 an(J controlled our expenditure resulting in a small deficit of £397, carrying £136,673 Into the new financial year. This year we established five objecbves for the nexl thiee years: Maintsin or increase volunteers Majntain or increase readiThJ mentor tunds 3. Expand Workshops 4. Partner with other organization Preparing for a digttal future In conclusion, thp work ol ABC to read will be needed more than ever before to help sthools pick up the piecgs and enable their pupils to Ilourish in every way.
ASSISTING BERKSHIRE CHILDREN TO READ {CIO) TRUSTEES, REPORT FOR THE PERIOD 01 APRIL 2020 TO 31 MARCH 2021 The Trustees would like to thank everyone who d(ated funds during the year. The Trustees would like to thank the lollowng organisations for grants made lo ABC to read.. Berkshire Community Organisalion, The Prince Phillip TrLtst, The Godson Charity. Reading onS Charitable Trust Fund, Tesco, Royal Borough of Windsor & Mwdenhead. The Sobell Foundation. The Earfey Charity. Postc(x1e Neighbourhd Trus( Wokingham Parish Council, Birffidd Parish Coun¢il. The Apkil Foundation. Abbvie Inc., The Go(MJ Exchange, Groundwork, Redwood [hnOlOgY Trust, Heathrow Communrty Trust. St. Laurence Church Land Fund, The Sackler Trust, The Syder Foundab"on, The Colefax Charitable Tnjst Green Hdl Foundation, St. James's Place. The Christopher Laing Foundation, The Shanly Foundation. Cumber Family Trusl Fund and Friaisgate Trust. In addition, the Trustees would like to thank volunteers from Reckilt Benckiser Group plc, Oracle Reading for a project that they ran via Hammerson and Waterstones, Pixel Cottage lor continued website support and Round up for Reading.
ASSISTING BERKSHIRE CHILDREN TO READ (CIO) TRUSTEES. REPORT (CONTINUED FOR THE PERIOD 01 APRIL 2020 TO 31 MARCH 2021 Flnancial review The detsiled finane4al of the Charity is as in the FinarKJa Statem. The Trustees nSider the finances of the Charity to be sabsf&Xory. The club operates iwo main bank acc(yJnts. Tf Chanty oJrr&tt ae¢wnl is vffjth Uoyds and 1$ the main aecount ffx the weipt of funds and dwtions made arxy can contain lurKls of trx)th an unrestricted and restrieled nattjre. This account is used for the day-t¢>day running of the charty. The Chanty relains the majorty of its reseryes in COIF Chaities Fund YAth CCLA that generates a small am(utt of inierest eath mLNth. It is the polw of the Charrty that unrestriced fuThJs vthith have not been designated for a specrfic use should b¢ maintsined at a level equivalent to betsveen nine- and twewmonth's expenditure. The Trusls consider that reserves at this level Y11 ensure that. in the event of a gnIficant drop in fijnding. they 1 be able lo continue the Charity's current activities while considerakn.on is given to ways in assjitional fijnds may be raised. This level of reserves has been main'ne thrOUghc the year. The Trustees have assess&J the major risks to the Charity is exp)sed aThJ are sisfied that systems are in place to mitig*e exKx)sure to the major risks. Structure. governaTrcg and management Assisting Befkshire Children to read is a CIO and 5s govemed by a ccfflsiitubon dated vas adcpted on the 2 June 2019 and amended on the 13" Au9USt 2019. The charity is not FolilKally aligned. The Trustees who served during the year up to the date of &smattJre of the financial statements were.. Mr Paul DiepFe (Chair) Mrs Pauline Harper (Deputy Charl Mr Slephen Smlth (Treasurer) Mr Michael Ethofds Mrs Jenny Cooney Mr Adrian Mddrum Mrs Claire Herriott Mrs Nadia Boyes The Board of Trustees meet once each sthool temi. DeciOn$ are made cffl a majorty basis unless Consliluttonal or legal requirements mandate a greater maiorrty. AEI of the Trustees provide their services free of tharge. None of the TTUStees a maknl interest in any contract of signffjcae to wthich the Chafjty was a paty duriro the reriod. The Trustees, report vas aroVed by the Board of Trustees. Mr Paul Oleppe Chair of Trustees Dated.
ASSISTING BERKSHIRE CHILDREN TO READ (CIO) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASSISTING BERKSHIRE CHILDREN TO READ {CIO) I report to Trustees on ffly eyaminab.on of finaal staterTEnts of AsSlIng Bethshire Children lo read Ithe Charttyl fo¥ the period beh¥een 1" April 2020 and 31. March 2021. Responsibilities and basis of report As the Trustees ofthe Charty you are responsible for the prepardtKm of Ihe fjnawal slatements in a¢c¢wdance with the requirements ofthe ChaniE5 Act 2011 (the 2011 Act). I report in respect of my examination of the Chanty's finanual statements carrd oul urbder 8eion 145 of the 2011 Act. In carying out my examinab.on I have foltoEd all Ihe applicable DIreC5n$ given by the Charity Commissk)n under section 145{5llbl of Ihe 2011 ACL Independent examinerfs stst*ment Your attention is drawn to the fact that the thartty has prepared financial statements in accordance wth Accountsng and Reportt"ng by Charthes prepan.ng their accounts in accordance vrith the Financial Repotknng Standard appllcable in the UK and Republ of IrelaThJ IFRS 102) in preference to the Accounting and Reporting by Charities". Statement of Retomrnended Pr11(£ i5sue(l on 1 April 2(X)5 Wh is referred to ill the exiant regulal]"ons but has now been wrth(Irawn. l Undetand that this has been done in orderforfinaraI slatemerrts to provmle atrue andfairview in accordan¢e with Generalty AcceptedArcounting Praclire effective for reFKJrtin9 periods beginning on oiafter 1 JanLbary 2015. I have completed my examination. I confi1 that no maiters have (xjme lo nry att8nlKJn in conneclon wth the exafflinalion giving mè (3u$e to believe that in any material respect-. ac¢ountirTrg records were not kept in resped ol the Charity as reqUId ty seclion 130 ofthe 2011 Act., or the financi81 ststements do not accotd with tIK>se records.. or the financ?al statements do Th)t cornply th the applble requirements concerning the form and content of accounts set out in the Charities {AGcwnts and Report51 Regulations 2008 olher than any reqU1ment that the ac¢ounls give a true tsir view whth is not a matter considered as part of an independenl examin8ts'0n. I have no ¢on¢ems and have come across no othei matters in o)nnecllon vAth the examinatfion to whidt attent¥)n should be dr8 in this report in oolerto enablea properunderstanthng of thefinanoal Statenrt0 be reached. Jdhn Mack F knmited Woods Road Caversham Reading RG4 6NA Daled..
ASSISTING BERKSHIRE CHILDREN TO READ {CIO) STATEMENT OF FINANCIAL ACTivrriES, INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD 01 APRIL 2020 TO 31 MARCH 2021 Unrestricted Restricted lunds funds 21Y21 2021 Total Total 2021 2020 Income from- Donabons and similar inc(xne Restricted grants Other grants Interest received from COIF Charity FurKI Other non-taxable income 24,967 24,967 31,300 28.014 148 42,613 24,158 4,600 803 1,051 31.300 28,014 Total incoming resources 53,129 31,31)0 84,429 73.225 ources Ex ended: Cost of purchase ol tangible assets Governance costs 850 950 2,633 1,249 4,590 Totsl 3,483 5,&39 Net incoming resources available for charitsblg application 50,496 30N50 80,946 67,386 Charitable Expenditure Costs of activities related to restricted funds Volunteers, expenses induding training. reCrUe[rt & books Running Costs Managing and administering the charity Totsl Charitable Expenditure 27,870 27.870 29,870 44 2,141 52,139 82,194 3,584 3,175 52,961 89,590 2.141 52.139 54,324 27.870 Total resources expended 56.957 28.T20 85,677 95.429 Net movement in lunds for period -397 -20,957 Fund balances at 01 April 2020 132,050 5,020 137,070 158,027 Fund balances at 31 March 2021 128223 136.673 137,070 The statement ot financial actiw"D"es I[ldeS all gnS and losses recJnij in the year. All income and expenditure derive from colnu1j acbvtlies.
ASSISTING BERKSHIRE CHILDREN TO READ (CIO) BALANCE SHEET ASAT31 MARCH2021 2021 2020 Flxed assets Tangible asseis Current assets Debtors and prepayments Cash al bank and in hand 3.491 3,514 10 136,253 135,486 Credltors: amounts falling duo Tmlthln one year 11 2,879 Net ujrrent 8ssets 133.182 133,556 Total assets less curront Ilabilltles 136.673 137.070 Income funds Restiicted funds Unrestricted funds 8.450 128,223 5.020 132,050 136.673 137,070 The financial statements V•we approved by the Trustees on tr ne 2021 Mr Chalr of Tntstees Z'21
ASSISTING BERKSHIRE CHILDREN TO READ (CIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 01 APRIL 2020 TO 31 MARCH 2021 Accounting pl¢leS Charity information Assisting Berkshire Children to read is a CIO govemed by a consb'tijlion adopt1 on the 2fr June 2019 and amended on trTO 13" August 2019. 1.1 Ac¢ounling converrtion The financial statements have been prepared in accordance wÈth the Chaltty's consiiwb"on. Ihe Charth"es Act 2011 and 'Accounting 2nd Rewrting by Chariiies.. Staiement of Rewmmended Practice applicable to charities preparing their accounts in accordan¢e wth the Finanual Reporb"ng Stsndard applicable in the UK and Republic ot Ireland IFFIS 1021" las amended for ac(x)unting periods commencing from 1 January 20161. The Charity is a Public Benefit Eatity as defined by FRS 102. The Charity has taken advantage ot the provisions in the SORP for charib.es applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Aows. The financial statements have departed from the Charities IA(xounts and ReporLsl Regulations 2008 only to the extent required to wovide a tnje and fair v7ew. Thss departure has invdved followng the Staternent of Recorllmended Practy"ce for chartbes apptying FRS 102 rather than the veision of the Statement of Recommend8d Practice whickn is referred to in Ihe Regulations lt which has since been withdrawn. The financial SNements a prepared in sterling. which is the functional currency of the Charity. Monetary amounts in these financiaj statements are rou[ed to Ihe near £. The finanaal statements have bn prepared under the histori( cost convention, M([ed to include the revaluation of freehold properties and to include investment properbes and certain financial instruments at fair value. The princip21 accounb.ng policies aijopted are Set out below. 1.2 Going concern At the time of appro7ng Ihe finala1 statements. the Tnjstees have a reasonable expeelab.on that the Charity has adequate resources to continue in operational existence for the foreseeable fvture. Thus the Trustees ontinue lo adopt the goirtg o)ncem basis ol a(xwntir¥J in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretson ol the Truslees In furtherance of their charilable objectives unless the funds have been designated for other purw>ses. Restricted fun(ts are subject lo specific c(Xbditions by donors as to how they may be used. The purtDses and uses of the restricied funds are set out in the notes to the th"rwicid stateffjerts. Endowment funds are subjectto wific Conditio bydonorsthal the capilal must b8 maintained bythe Charity. 1.4 Incoming resources Income is recognised when the Chartty is leg]Y eniille(I to it after any perfomiance condibons have been meL the amounts can be tneasured rdiably, an¢J il is wobable that income will be received. Cash donations are recognised on rlpt. Other donab.ons are recognised once the Charity has been nolilied of the donats"on, unless performance (x)nditions require deferral of the amounL InGome tsx recoverable in relation to donations receive(J under Gtft or deeds of covenant is reccKJni*J at the time of the donation.
ASSISTING BERKSHIRE CHILDREN TO READ (CIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD 01 APRIL 2020 TO 31 MARCH 2021 Accounting pollcles (ConL) LaCleS are recognised on re¢eipl 01 otherMse rf the Charity has been notified of an imp8nding distribution, the amount is known, and receipt is expected. Ifthe amount is not known. the legacy is treated as a contingent asset Turnover is measured al the fair value of the (xjnsideraiion received or receivable and represents amounts receivaL)le for goods ar servKes provided in the nomwl course of business, net of discounts, VAT and other sales related taxes. 1.5 Resources expended Expendittjre is recognised once there is a legal or nStrUCtIve obligation to transfer economic benefit lo a third party, il is probable that a transfer of economic beneffts wll be required in setyement and the arnount of the obligation can be ffleasured reliably. Expenditure is cla&stfied by activity. The costs of each acbmty are made up of the total of direct costs and shared costs, including support¢OSts involved in undertaking each acb"vity. Oirect¢osts attributable lo a single actity are allocated direcyy lo that activity. Shared cosls which contribute to more than one acb.vity and support costs which are not attributable lo a single activity are 84)porboned between those activities o basis consistent wttt) the use of resources. Cost of generating funds are costs incurred in attractiThJ viAuntary income. and those incurred irb trading actimties tr¢ai ISe funds. Support costs are those cosls inojrred directy in wjpport of expendwbJre on Ihe objects ot the charity. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequenyy measured at cost or valuation, net of depreciation and any impaimient losses. Depreciation is recognised so as to write off the cost or vduation of assets le&8 thr residual values over Iheir useful lives on the following bases: Furniture and fitbngs- 20% per annum The gain or Ios5 arising on the distM)sal ofan assetis determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net incomellexpendrbJrel for thè year. 1.7 Impaimient of fixed assets At each reporting end date, the Charity reviews the carryEng anN)unt5 of its tangiNe assets to detemiine whether there is any indication that those assets have suffered an impairmènt l(Is5. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the imparment loss rrf aryl. Intangible assets with indefinite Lrseful lives and inraroible assets not yet av&lable for use are tested tor impalmierrt annualty, and whw)ever there is an iTrJication Ihat the a&set may be impaired. 18 Cash and cash equivalents Cash and cash equlvents inGlude cash in hand, deFK)sits held at call with banks, other short-terrn liquid investments with original mattjrilies of three months or I. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
ASSISTING BERKSHIRE CHILDREN TO READ (CIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD 01 APRIL 2020 TO 31 MARCH 2021 Accounting policlès (ConL) Bask financial assets Basic financial assets. which include debtors a1 cash arK1 bank balaw. are intbally measured at transathon price including transaction costs and are sutwuently carried at amorbsed cost using the effective interest method unless the anangement conStiteS a financing transacb"on, where the transaction is measured atthe preSentvue ofthe ftsre receipts discounted at a market rate of intsrest Financial &8sets da&8ified as recewatAe bthin one year a rK)t aThKJrlised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are inib'alty re(x)gnised at transaction prlce unlass the arrangement constitutes a finaring transacbon. where the debt instrument Is measured at tre prèsent value of the fuiure payments discounted ai a rnarket rate of irrteTest Finan(ial liabilitiès dfi.ed as payabl8 within ofte year are rtot amorbsed. Debt inslnjments are subsequenty canied at amoTtised rt using the efiecbve interest rate method. Trade credrtots are obligats.ons to pay f(x grKMls CK Se$ thal have been acqulred in the ordinary QJrSe of operations from suppliers. Amounts payable are classtfied as current liatiltk.es if payment is due vrithin one year or less. Ir noL they are presented as nm-current liabilities_ Trade eredilors are reeognised initially at transaction Price and subsequentty rneasured at arnO$ed cost uwrkg the effective interest meth(KJ. Derecognition ol finanal liabilities Financial liabilibes are dergcojnlsed when the ntract obligallor expire or are discharged or cancelled. Critical accounting estimates and ju¢l9ements In the appli¢at"on ol the Chartty's accounting WiLies, the Trustees are reqUIrA to make judgements. estimates and assumptiorL8 atX)Lrt the carrwng amount of assets and liabilrties that are Thjt readily apparent from other source5. The estimates and assotiated assuwnptions are based on historical experience and Olher tactors 1hat are (xnsidered to be relevanL Acbjai r&sults may differ trom these &8timate5. The ests"rnates and undedwng assump110S are remewed on an ongoing basis. Revisions to accounting esknmates are recogni5ed in the pertod in which the estimate is revised where the Fevision affects only that period, or in the period of the remsion and lubjre periods where the affeGLs LNJth current and future periods.
ASSISTING BERKSHIRE CHILDREN TO READ (CIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD 01 APRIL 2020 TO 31 IAARCH 2021 Donations and siinilar income 2020 SchcK)l ¢ontribuliorLs Sundry dorkations 7,495 17,472 34,595 8.018 Totsl 24.967 42,613 Restrtcted Grants GrarEtor Purpose Balance Amount Amourrt Added Expended 720 3Th) Balance clf Binfr'eld Parish Gord¢ Palmer Memorid Trust Wokingham United Charities Gerald Palmer Ejing Trainir¢g of volunteers Trust Berkshire Communtty Foundabon The plln Phillip Trust The Godson Chity Training volunteers in Shinfield Reading On$ Grani towaTds virtual SOn5 Charitable Tnjst Funci T8sco bags of help Grant towards o)re Costs for Covid crisis Royal Borough of Win(Isor & Maidenhead Sobell Foundation Berkshire Community Foundatson The Earley Charity Postcode Neighbourhwd TTUSt Support for lorA schools Training ol vduntws 720 3(Kl Training of volunteers 1,000 3.000 Laptops and fijnding fc virtual leaming Recruitment of 20 volunteers 1.500 1.500 1,000 200 500 500 500 Training of 5 volunteer5 750 750 Grant towards o)re costs Addressing the llatiOn gap 4,500 Recrurbng and trainiThJ 3 v(Auntews Covid 19 Reading Catch-up Project 1.000 8.100 5LX) 4,100 500 4.fX)O Wokingham Without Recruitment of new VonteerS for Parish Council Wokn"ngham Binfield Parish FlecTUitment of new volunteus lor Council Binfield Alpkil Foundation Abbvie Inc. 500 1,000 Grant towards the recruiknent and training of 30 volunteers 250 2,(X)O Totsls 5,020 ,3th) 27.870 Totsl ot Restricted Grartts brought lorward Imm last year Total of Restri¢tsd GranLS added during the year Amounts Expended durlng the year 31,300 -27,870 Balance of Restrtcted Grants rrIed forward to next year 10-
ASSISTING BERKSHIRE CHILDREN TO READ (CIO) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD 01 APRIL 2020 TO 31 AIARCH 2021 Other grants Total 2021 Totsl 2020 The Gocxd Exch2ng8 One Slop Carriers for Causes IGroundvthl Redwood TechncAogy Fund Heathrow Community Trust St Laurence Church Land Fund The Sackler Trust The Syder Foundation The Colgfax Charitable Trust Green Hall Foundth"on St. Jarnes's Place PLC The Ghristother Laing Foundation The Shanly Foundation Cumber Farnily Charitable Trusl Friarsgate Trust Totsl 5.014 1,000 1.000 s,5) 2.OlY) 2,0(X) 1.000 1,000 2,500 500 2B,014 4.600 Running costs Rent Depreciation of fixed assets Totsl 1,268 873 2.141 2.065 1.110 3.175 Management and administrative expenses Prints"ng, postage. stsiionery & tephe Staff salaAes sraff training Legal Sundry expenses Total 1.150 3,547 46.660 1,354 410 990 52.961 52,139 Tangible fixed assets 21Y21 Cost At 1" April 2020 Addilions during the period Total Depreciation At 151 April 2020 Charge ft)r Ihe peri(mJ Totsl Not l)ook value At 31 March 2021 At 31 March 2020 21)20 10.420 850 11,270 9,171 1.249 10,420 6.906 873 5,796 1,110 3.491 3,514
ASSISTING BERKSHIRE CHILDREN TO READ (CIO) NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE PERIOD 01 APRIL 2020 TO 31 AIARCH 2021 Debtors and prepayments Total 2021 Total 2020 Insuran¢e School debtors Other Total 259 259 555 135 949 10 Cash at hand and in bank LloyfL8 ¢UTrent account COIF Charity Trust Fund Total 14.810 121,443 136253 14,191 12f,295 135.486 11 Creditors- Amounts falling within 3 months Accountancy Telephone attruals Other accrued expenses Rent Total 1856 200 605 819 1770 170 939 2.879 12 Comparative Figures For a meaningfvl Comparison between 2021 arKJ 3)20 the figures shown for 2020 wmbine Ihe last 9 tYK>rrtF of Ihe old Unincorp chartty and thefirstthree monttts of the new Clwitable Incorporatecl Organisation ICIOI. 13 Trustees None of the Trustees (or any persorts connected wtlh them) tlVed any remuneration or benefits from Ihe Charity during the year. 14 EmFloyees The chartty employed an average ot seven 5tafl during lh9 year. One member of staff retired at the of December 2020 and was replaced in Novernber 2020 all0vng a handover. 15 Retirement l)enefit schemes The Charity operates a defir contiiLMJtion pengon scheme tor qualtlw.ng employees. The assets of the scheme are held separately Irom those of the chtty in an illdependenlly admini*eied lund. 16 Rdated party transactions There were w disclose reialed paty transactions ¢JuriThJ -12-