Charity registration number 1190848 Company rtglstratlon numb&r CE023573 UNITED KINGDOM LITERACY ASSOCIATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 UNITED KINGDOM LITERACY ASSOCIATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mrs L Grahaffl Profes$01 T Ciemin Mr D RèÈdy Ms T pa￿1n Professor C Bumett Mrs C Lockwood Ms J Gourt Dr R McDonal Dr L Rodriguez Leon Dr K Daniels Dr C Dowdall Ms J Douglas Gardner Mrs E Broad Prof D Myhill Ms J Tcegenza Mx B Gueffiero Mr N Govender (Appointed 23 June 20211 (Appointed 14 October 20211 (Appointed 14 October 20211 Ms C Satchwell Charfty numbèr 1190848 Company numb•r CE023573 Prfn¢lpal addr••• Room 9 VAL 9 Newarkè Street Leicester LE15SN Independtnt exominer BM4 Sutte 5.1 12 Tilhebam Street Liverpool L2 2DT 8ankern CAF Bank 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4Ja Chartty Bank Fosse House 182 High Street Tonbridge TN9 1BE UNITED KINGDOM LITERACY ASSOCIATION CONTENTS Page Trustees, report Statement of TnJstees' responsibilities Independent examinerfs report Slalemenl of financial activities 10 Balance sheet 11 Notes to the finanaal statemenls 12-23 UNITED KINGDOM LITERACY ASSOCIATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2022 The Trustees Present their annual report and finan(?al statements for the year ended 31 March 2022. The finanaal statements have been prepared in accordance with the accounting poliaes set out in note 1 to the finan¢ial statements and comply with thè ¢*arity's conststution. the Charities Aci 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" leffective 1 January 2019). Objectives and activities On 1 August 2021, the ¢harilable a¢tivities, a$sets and liabilities were Iransferred from the preiAously unincorporated charity (Charity nurnber.. 3137141 to the new Charitable Incorporated Organisalion (Charity number.. 11908481. The United Kingdorn Literacy Association IUKLAI is the UK'S leading a550cialion dedicated lo liter￿Y in education and brings together teachers, teacher educators. researchers and many others working in literacy education for all ages. The solè object ol thè United kn'ngdom Literacy Association is to advance education in Literacy. and ils principal activity during the year has been lo encourage progress In language and literacy 81 all levels. The Trustees have paid due regard lo guidance issued by the Charity Commission in deading what adiviliès th charity should undertake. The Assooaljon's aciivities fall into three main areas.. Membership. subscriptions and awards Conferences Publications and rgsearch Achl•voments and performanc• How our activll•¥ deliver publi¢ ￿ne11t The sole objective of UKLA is the advan¢emènt of education in literacy. 11 achievès this by." creating a supportive community for those working in lrteracy. language and communiealion championing, supporting and providing access to the lale5t research for use by practrtioner5 and poliwmakers providin9 an infomieil national vo Impact: UKLA'S p•rforn)anc• and aehlev•m•nts throughout 2021-2022 Due to the COVID-19 pandemic. there continued to be some disruption to UKLA activities during the 2021-2022 financial year. Whilst lace-to-face activities and events were constrained, members from across the UK and inlemalionally came together wrtually lo exchange ideas. disseminate research. debate possibilities, share enthusiasm and expertise to advocale for a Iruly lulfilling and empowering literacy education. The following report offers a summary of UKLA'S aclivitses and achievements. UNITED KINGDOM LITERACY ASSOCIATION TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Achievements and pertorniance 1. The UKLA Awards Programme The UKLA awards programme. whi¢h is gènèrously supported by sponsors. showcases th& work of s¢hools and individual teachers whose praclice inspires others. celebrates high quality books for both young people and educational professionals, and honours outstanding research papers. Members are offered a range of opportunities lor active involvement. in some cases also induding their students, and many schools and individua15 have joined the Association 8s a result. During 2021-2022, eight awards raise Ihe profile of UKLA and coniribule signfficantly to the aim of promoting the advancement ol etN)raled ¢harity (Charty number 3137141 were transferred to the new Charitable Incorporated Organisation ICIOI on 1 August 2021. The existing constitution of the previous unincorporated charily remains and existing trustees appointed. UNITED KINGDOM LITERACY ASSOCIATION TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 The Trustees who served during the year and up to the date of signature of the finanual staternenls were.. Professor H Dombey Dr D Ch8llen Mis L Graham Professor T Crèmin Mr O Reedy Ms T Parvin Professor C Burnett Mrs C Lockwood Dr G Cliff Hodges Ms J Court Dr R McDonald Dr J Mcclay Dr L Rodriguez Leon Dr K Daniels Dr C D¢)wdall Ms J Douglas Gardner Mrs E Broad Prof D Myhill Ms K Vallely Ms J Tregenza Mx B Guerriero Mr N Govender Ms C Satchwell (Resigned 23 June 2021} IResigne(123 June 2021} (Resigned 23 June 2021} (Resigned 23 June 2021) (Resigned 22 January 20221 (Appoinleil 23 June 2021) (Appointed 14 October 20211 (Appointed 14 Octobèr 20211 Appointment of Iruslees is governed by the Conslilulion and Standing Orders of the charity. The trustees are authorised lo appoint a new trustee, should any officer be unable to complete (heir temi of office. Each Iruslee is a member of the Executive Committee. Prior lo becoming a member each nominee is checked lo ensure they are in good standing. The Execuuve Committee ol the AssocAation includes the Convenors ol the Association's committees. Each Convenor manages a budget and is able to oblain ekctronically, details of income and expenditure for a particular budget. Each meeting of the Executive Committee systematicalty rewews the Associalion's income and expenditure againsl the annual budget lo ensure the conb'nuing finanoal stsbility and strength of the Associalion. UKLA'S Constrtution allows a minority of trustees lo receive fees lor speaalist services provided within a given financial year {in addition lo allowable expenses). The Truslees have assessed Ihe major risks to which Ihe tharity is exposed, and are satisfied that systems are in place lo mitsgale exposu￿ lo the major risks. The Trustees, report was approved by the Board of Trustees. Dr L Rodriguez Leon Trustee Dale". 2610712022 UNITED KINGDOM LITERACY ASSOCIATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022 The Trustees are responsible for preparing the Trustees. Report and the financial statements in actordance with applicable law and United Kingdom Accounting Standards (Unrted Kingdom Generally Accepted Accounting Pra¢ti¢el. The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view ol the state of affairs of the Charitable Incorporated Organisalion Icharilyl and of the incoming ¥e50urces and applicalion of resources of Ihe charity for that year. In preparin9 the$8 ffinanual slalemenls, the Tru$lee$ are ￿quired lo". select suitable accounting policies and then appty them consistently.. observe the methods and principles in the Charities SORP- make judgemenls and eslimales that are reasonable and prudenl". slate whether applicable accounting slandards have been followed, subjecl to any material departures disclosed and explained in the finanryal stalemenls; and prepare the finanual statements on the going concEm basis unless il is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping sufficient accounting recnrds that disdose with reasonable accuracy al any time the financial position of the charity and enable Ihem to ensure Ihal the financial statements comply with the Charities Act 2011. the Charity (A¢￿unIS and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the a55ets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitses. UNITED KINGDOM LITERACY ASSOCIATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF UNITED KINGDOM LITERACY ASSOCIATION I report to the Trustees on my examination of the financial stalements of United Kingdom Literacy Association Ithe charity) for thè year endèd 31 March 2022. This report is made solely lo the charity's trustees, as a body. in accordance with Section 145 of the Charities Act 2011. My examination has been undertaken so that I mighl state to the CIO'S trustees those matters l am required lo slate to them in an Independent Exarninerf5 report and for no other purpose. To the fulle51 exlenl pemiitted by law, I do not accept or assume responsibility to anyone other than the CIO and the CIO'S trustees as a body, lor my examinats'on, for this rewrt. or for the opinions I have fomied. Responsibilities and basis of report As the Trustees of the charity you are responsible for the preparation of the financial slalements in accordance with the requirements of Charities Act 2011 Ilhe 2011 Act). I report in respect of my examination of the chaiity's finanrial 5tatemen15 camed out under secb.on 145 of the 2011 Act. In carying out my examination I have followed all the applicable Oirections given by the Charity Commission under section 14515llbl ol the 2011 Acl. Indop•ndont •xamin•rf8 8tat•m•nt Since the charity s gross income exceeded £250.000 your examiner musl be a rnember of a body listed in sedion 145 01 the 2011 Acl. l ¢onfirm that l am qualifigd lo undertake Ihe examination bg¢au$e l am a momber of ICAEW. which is one of the listed bodies. Your attention is drawn lo the fact Ihal tha charity has prepared financial statements in accordance with Accounting and Reporting by Charities pfepanng Iheif accounts in accordance with the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in Preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn. l understand that this has been done in order for finanual statements to prowde a true and fair view in accordance with Generalty Accepled Accounb"ng Piactice effective foi reportsng peiiods beginning on or after 1 January 2015. I have completed my examination. l Confirm Ihal no matters have come lo my attention in connection with the exarnination giving me cause lo believe that in any material respect.. accounting records were not kept in respecl ol the thanty a5 require(1 by section 130 of the 2011 Act.. or the financial slalemenls do not accord with those records." or the financial statements do not comply wth the applicable requiremènts wnceming thè lonr and content of counts sel out in the Chanties (Accounts and Reports) Regulations 2008 other than any iequiremenl that the accounts give a (rue and lair view wh￿h is not a maiter considered as part of an independent examination. I have no concerns and have come across no oiher matters in connection wrth the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be re8ched. Patèr Taaff• FCA CTA DChA Independènt ExamSner BWM Suite 5.1 12 fithebarn Street Liverpool L2 2DT D8led'. 01.08.2022 UNITED KINGDOM LITERACY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unre$tsicted Restricted funds funds 2022 2022 Totsl Totsl 2022 2021 Notes Donations and legacies Charitable activities Investments Other incorne 285,471 90,075 12 2.207 285,579 90,195 12 2.207 120 Totsl In¢om• 377,765 228 377,993 Charitable activities 86,829 86,829 Other 12 2.355 2.355 Totsl 9x￿ndItUre 89,184 89,184 Net income for the yearl Net movement In fund• 288.581 228 288.809 Fund balan¢&s al 1 April 2021 Fund balanc•8 at 31 March 2022 288,581 228 288,809 The slalemenl of financial activrties includes all gains and losses ￿e0gniSed in the yeaf. All income and expenditure derive from continuing actiwties. 10- UNITED KINGDOM LITERACY ASSOCIATION BALANCE SHEET ASAT31 MARCH2022 2022 2021 Notes Fixed assets Tangible assets 13 3,213 Current assets Stocks Debtors C8sh al bank and in hand 15 16 13.991 63.599 233.505 311.095 Creditorn.. amounts falling due within ono year 17 {25,499} Net current assets 285,5 Total *•s•ts I￿* ¢urr•nt Ilabl1￿ 28B.809 Th8 funds of th• CIO: Restricted funds 18 228 Designated funds General unrestricted funds 19 142.213 146.366 288,581 288,809 The fi'nancial statements were approved by the board ol Trustees and auihorised for issue on ..2nd July.2022 and are signed on its behalf by.. Dr L Rodriguez Leon Trusto 11 UNITED KINGDOM LITERACY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Charity inforniation Unrted Kingdom Literacy AsswalJ"on is a tharrt8ble In(xJ￿0rate(I organisation ICIOI iegislered in England. The charity was incorporated as a Charitable Irthrporated Organisation ICIOI and registered with the Charity Commission on 14 August 2020 and startèd trading on 1 August 2021. Unitèd Kingdom Literacy Association uninc4Jrporated chanty transferred its charifable aclivrties. a55etS and liabilities on this dale to the United Kingdom Lrteracy Association CIO. 1.1 Accounting convention The financial Statements have been p￿pa￿d in accordance with FRS 102 "The Finanual Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their account$ in accordance with the Financial Rèporting Slandard applicablè in the UK and Republic of Ir&land IFRS 1021" leffeclive 1 January 20191. The charrty is 8 Public Benefit Entity as defined by FRS 102. The charity has taken advantsge of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not lo prepare a Statement of Cash Flows. Th8 finanual statemgnt$ hav8 departed from the Charities (Accounts and Reportsl Regulations 2008 only lo the exlenl require<1 lo provide a Inje and fair wew. This ¢Jeparture has involved following the Slalemenl of Recomrnended Practice for charilies applying FRS 102 ralher than the version of the Slalement of Recomrnended Practice which is referred to in the Regulations but which has since been withdrawn. The financial slalemenls are pfepared in sleding. which is the functional currency of the charity. Monetary amounts in these ffinanclal statements are rounded to the nearest £. Tho financial statements have been prepared under the histori￿1 cost convèntion. Th8 principal accounting policies adopled are sel out bek)w. 1.2 Golng con¢•rn Al the tirne of approving the financial $lalemenl$ and 8$ detailed in the Tru$lees' report. the Trustees have considered the impacl ol Covi¢*19 on Ihe charily and the Trustees have a reasonable expectation that the charity has adequate resources to contsnue in operational existence for the foreseeable future. Thus the Trustees continue lo a¢Jopl the going concem basis of accounting in preparing the financial slalemenls. 1.3 Charftable funds Funds held by the charity are.. Un￿striCted furn1$ - these are fvnds which can be used in 8ccord8nce with Ihe ¢harrtable tsbjecls al the discretion of the tru5tee5. D&sNgnat&d funds- these funds are set aside by the truslees out of ￿n￿Stn"c1ed general fvnd$ for speufi¢ future purposes or projects. Rèstricted funds- thèse are funds that can bè used lor particular restrictèd purposes wrthin thè objècts of the charity. Re5triction5 arise when specified by Ihe donov or when lund5 are raised for particular restricted purposes. 12- UNITED KINGDOM LITERACY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Icontinuedl 1.4 Income Vol(Jntsry Income Is received by way of donabons. grfts. ioyalb"es. subwplions and grants. and is included in lull in the Stalement of Financial Activities (the SOFA) when receivable. Income from inveslmenls, in(Juding Inte￿$1 received, 1$ induded when receivable. Grants are included in the SOFA when receivable. Conference fees are included when service5 are provided to delegates. 1.5 Exp•ndltur• Expenditure is induded in the stalemenl ol finanaal activities on an accruals basis, indusive of any VAT which Cannot be recove￿￿. Resources expende(l. Whe￿ dbreclly attributsble. are all¢)cat&d lo charitable activities and governance cosls. Direct charitable expenditure indudes all expenditure incurred in the provision of charitsbl& serviees. together with support cos15. in purs￿ar￿e of the chanty's objectrves. Support costs and governance costs are apportioned on staff lime basis. Value added tax is not recoverable by the charity and is induded in the relevanl cost in the statement of financial activities. Grant payments are included in the Statement ol Financial Position once agreed. UKLA awards small grants lo Indiwduals lo enable them lo conduct high Quality research in the field of literacy. Recipients are selected twice a year by the Research SV￿coMMIttee on Ihe basis of rigorou5 Criteria and conditions. 1.6 T•nglbl¢ fixed a•••ts Tangible fixed assets are initialty measured at r￿st and subsequentty measured at cost or valuation, net of depreciation and any impaimenl losses. Depreciation 15 recognised so as lo write off the eosl N valuation of assets less their residual values tsver their useful lives on the following bases.. Fixtures, fittings and equipment 33.3% per annum on cost The gain or loss arising on the disposal ol an asset is detemiined as the difference be￿een the sale proceeds and the carrying value of the assel, and is recognised in the slatèment of financial actiwtlgs. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an irnpairmenl loss. If 8ny such ind￿allon exists, the recoverable amount of the asset is estimated in order to determine Ihe exlent of the imFeirment loss lif any). 13- UNITED KINGDOM LITERACY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Icontinuedl 1.8 Stocks Stocks are Stat￿ at the lower ol cost and èstimated selling price less costs to complete and sell. Cost comprises direct materials and. where applicable, direct labour cos15 and Ih05e overhe8ds that have been incurred in bringing the stocks lo their present location and condition. Items held for distribution al no or nominal consideration are measured the lower of replacement cost and cost Nel realisable value is the eslimaled selling price less all eslimaled Costs of complelitsn and costs lo be incurred in marketing, selling and distribution. 1.9 Cash and cash èqulvalènts Cash and cash equivalents include cash in hand. deposits held at call wilh banks, other short-lerm liquid investmènts with original maluriliès of three months or less. and bank ovèrdrafts. Bank overdrafts arè shown within borrowings in current Iiabililies. 1.10 Financial instruments The charity has elected to 8ppty the prowsions of Sedion 11 '88sic Finanual Instrtjmenls. and Sedion 12 'Olher Financial Instruments Issues, ol FRS 102 lo all of its financAal instruments. Financial instruments are recognised in the d)aritys balance sheet when the charity becomes party lo th contractual provisions of the instrument. Financial a$$et$ and liabilities are offset. with the nel amounts presented in the financial slalemenls. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on net basis or to r8alise the asset and settle thè liability simurtaneousty. 8•$1¢ flnan¢lal •$$et$ Basic financAal assets. which indude debtOTS and cash and bank balances, are initially rneasured at transaction price induding transaction costs and are subsequentty carried at amortised cost using the effective interest method unless the arrangement conslilules a fin8nrJng transaction. where the Irans3clion is measured at the present value of the future receipts discounled at a market rate of interest. Financial assets classified as receivable wthin one year are not amorts'sed. Ba$1¢ fJn4rt¢ial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transadion price unless the arrangement conslilutes a finanang transaction, where the debt instNment is measured at the present value of the fulu¥e payrnenls discounted al a matkel rate of interest. Finanryal Iiabililies classified as payable within one year are not amortised. Debt inslrumenls are subsequenlty carr*d al 8mortise(I cost. using the effective inleiesl iale method. Trade creditors are obligations lo pay frjr goods or services that have been acquired in the ordinary course of opèrations from suppliers. Amounts payable a￿ ¢Ja$stfied as ¢urrenl liabilrties if payment Is due within one year or less. If not, they are presented as nOrK￿rrent liabililies. Trade creditors are recognised initially at transaction price and subsequently measured at amoth'sed cost using the effeciive interest method. Derè¢ognition olfinaneial liabilitié$ Financial liabilities are derecognised when the charity's contractual obligats'ons expire or are discharged or cancelled. 14- UNITED KINGDOM LITERACY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Accounting policies Icontinuedl 1.11 Employee benefits The cost of any unused holiday entrfement is recognised in thè pèriod in which thè èmployèè's servicès are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed lo lerminale the employrnenl of #n employee or lo prowde lerminalion benefits. 1.12 Taxation The charty benefits from vaiious exemptions from tsx81ion afforded by lax legislation and 15 not liable lo corporation tax on income or gains falling within those exempt¥Jns. Recovery is made of tax deducted from income and from receipts under Gift Aid. The charity is not able to recover Value Added Tax. Expenditure is recnrded in the account5 inclusive of VAT. 1.13 P•n8lon# The ¢harily makes contributions lo an indithdval employee's pension arrangement. The pension costs are charged in the Statement of FinanrA81 Aclivities as incurred. Crltlcal a¢¢ountlng ￿tIMat•S and Judgements In the application ol the charity's accnunting polirAes. Ihe Truslees are required lo rnake judgernenls. eslimales and assumptions aboul the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions a￿ based on historical experience and other factors that are ojnsidered lo be relevant. Aclual results may differ from these eslimale5. The eslimales and un(Jedying assumptions are reviewe¢J on an ongoing basis. Revisions lo accounting eslimales are recognised in the period in which Ihe eslimate is revised where the revision affects only that period. or in the period of the revision and fvture periods where the revision affects both current and future periods. Donatlons and logacl88 Unrestricted Restricted lunds fund Total Total 2022 2022 2022 2021 Donations and grfts 285.471 108 285,579 During the year United Kingdom Lrteracy Association Icharrty nurnber. 3137141 donated net assets al a value of £285,579 to the charity. This charity has now been dosed with all its charitable actiwties, assets and liabilities being transferred to the new CIO (charity number." 11908481 15- UNITED KINGDOM LITERACY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable activities Confernn￿l Publlca¥on¥ $ybs¢rfpWons Tot•1 2022 T4)ts1 2021 2022 2022 2022 Sale5 Wrthin charitable actiwtie5 Other income 3.115 57.279 120 29,681 90,075 120 3.115 57.399 29,681 90,195 Analysis by fund Unreslricled funds Restricted funds 3.115 57.279 120 29.681 90,075 120 3,115 57.399 29,681 90,195 Inv¢•trnents Unrnstrlcted Unrestricted funds funds 2022 2021 Interest receivable 12 Othèr Incom• Unrestricted Unrestricted funds nds 2022 2021 Other income 2.207 16- UNITED KINGDOM LITERACY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Charitable activities Conferences Publications Subscriptions Totsl 2022 Total 2021 2022 2022 2022 Project costs Other costs Bad debts 2.867 7,208 4,632 16,880 4,632 500 3.367 6.805 11.840 22,012 Grant lunding of aclivilies (see note 81 2.629 2,629 Share of support cosls1s0o note 91 Share of 9ov&mance costs (see note 91 20.604 13.736 11.447 45,787 7.381 4.920 4.100 16,401 31.3S2 28,0 27,387 86,829 Analysls by fund Unrestricted funds 31,352 28,09) 27,387 86,829 31.3S2 28.0 27.387 86.829 Grdnts payabl• 2022 2021 Grants to individuals- publications 2,829 2.629 17- UNITED KINGDOM LITERACY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Support costs Support Governance costs costs 2022 Support Govemance costs costs 2021 Stsff costs Deprèciation Premises and oth8f Costs Office and website costs 36.972 36.972 1,6( 4.883 2,326 4.883 2,326 Committee expenses Bank charges Independent 8xamination fees Accountancy fees Bookkeeping fees 940 1.179 940 1,179 1,500 5,122 7.660 5.122 45,787 16.401 62,188 Analysed befv4een Conferences Publication5 Subscriptions 20.604 13.736 11.447 7.381 4.920 4.1 27,985 18.656 15.547 45,787 16.401 62,188 Support costs induding stalf ￿$ts and govem8nce ￿$1$ We￿ allocated be￿een the charitable activities Using (he percentages 45% conlerences, 30% publications and 25% subscriptions. Governance costs includes payments to the Independent Examiner for independent examination fees of £1,500 12021 £nill. payments of £5.122 fo¥ accountancy fees 12021 £nill and payments tsf £7,660 for bookkeeping fees12021- £nill 10 Trustees Trustees, travel and olher expenses amounted to £1,378 which relaled to 6 trustees for the year12021.' Nonel 11 Employees The average monthly number of employees during the year was". 2022 Number 2021 Number Adminislralion 18- UNITED KINGDOM LITERACY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 Employees Icontinuedl Employment costs 2022 2021 Wages and salaries Other pension costs 35,657 1,315 36.972 There were no employees whose annual remuneralion was more than £60,000. 12 Oth•r Unrnstrlcted Unrestricted funds funds 2022 2021 Other expenditure 2.355 2,355 13 Tanglbl• fix•d asset• Flxtur••. ffttln91 •nd •qulpm•nt Cost At 1 April 2021 Additions 4,819 At 31 March 2022 4,819 Depreciatlon and Impalrnient Al 1 April 2021 Depreciation charged in the yeaT 1,606 At 31 March 2022 1,606 Carrying amount At 31 March 2022 3,213 Al 31 March 2021 19- UNITED KINGDOM LITERACY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 14 Financial instruments 2022 2021 Carrying amount of financial assets Debt instruments measured * amortised o)st 297.102 Carrying amount of financial liabilities Measured at amortised cost 25.499 15 Stock¥ 2022 2021 Goods for resale 13,991 16 D•btorn 2022 2021 Amounts falling due within on• y•ar. Trade debtor Other debtors 5.170 58.429 63,599 17 Credltorn: amounts falllng due wlthln one year 2022 2021 Trade credrtors Accruals and deferred income 1.058 24,441 25.499 -20- UNITED KINGDOM LITERACY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 18 Restricted funds The income funds ol the ¢harty indudtr restn.cted fvnds comprising the following un&xpendtrd balan￿$ of donations and grants held on trusl for specific purposes.. Movement In funds B•l•n¢o at Incomln9 1 Apvll 2020 rn•our Movement in funds B•l•rt• 1 Apfll 2021 Incomlng Tr•n8lw8 BAIAnco at 31 Alarch 2022 Project Connect (previously Books for Africa) 120 108 228 120 108 228 Prolo¢t Conn•¢t Ipr•vlou¥ly Book• forAfrl¢al This supplies books for pleasurable reading. boughl locally. to schools in African countrie5. The Children's Book Project in Tanzania supplies books lo 16 sch¢)ol libraries in Zanzibar, and Link Ethiopia organises a Donkey Library which delivers books lo wr81 sd)0018 in Ethiopia. 19 D•8lgnat•d lund8 The income lund$ of the Charity rndude the followrng designated lunds whic4) have been Sel aside out of unrestricted funds by the truslees for specific purposes.. Mov•m•nt in lund$ In¢omlng Bal•ne• rwourt•% 1 Aprtl 2021 Mo¥8mont In funds B•lan¢• at 1 Apvll 2020 lthcomlng ourte• Transf8Ys Balanco at 31 March 2022 Closur8 costs 142,202 142,213 142,202 142,213 The purpose of the designated fund is to ènablè Ihg trustees to guard against thè event of the charity b8ing wound up. This Is not expected to happen in the fo￿seeable futu￿. howevei, the trustees consider this is prudent. This money is held separately in the charity's bank accounts. 21 UNITED KINGDOM LITERACY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 20 Analysis of net assets between funds Unrestricted Restricted lunds funds 2022 2022 Total Total 2022 2021 Fund balances at 31 March 2022 a represented by.. Tangible assèts Current asselsllliabilitiesl 3,213 285.368 3,213 285,596 228 288.581 228 288,809 21 Ro1ot•d party tran$a¢tlon8 R8munOra￿On of kèy management personnel The remuneration ol key managernent personnel is as follows. 2022 2021 Aggregate compensation 18.B40 Tran8aetlon• wlth r•lat•d partles During the year the following paymenl5 were made to twstees lor servicEs rendered other than as Iruslees 91 the Charity.. Prolect worklCon•ultsncy 2022 2021 Total payments 950 During the year the following payments were made lo related partie$ for work Undertaken in respect of Bookkeeping services. Consultsn¢y fee$ 2022 2021 Ms G M Officer, TIA GMO Bookkeeping & A￿UnIS 7,660 7.660 UNITED KINGDOM LITERACY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 21 Related party transactions Icontinuedl Ms G M Officer (TIA GMO Bookkeèping & Accounts) is the sister of Dr D Challen, UKLA Trust88 and forrner Treasurer. who resigned a5 a Trustee on 23 June 2021. Payments made to the trustees a￿ al a commeraal rate. At 31 March 2022 there was £nil 12021.. £nill owed lo the Iruslees for expenses. One trustee recèived an Honorarium during the financial year to the value of £25012021.. £nill No guarantees have been given or received. -23- ## **Document Activity Report** ## **Document Sent** Mon, 01 Aug 2022 09:25:30 GMT ## **Document Activity History** Document history shows most recent activity first ## **Date** ## **Activity** Mon, 01 Aug 2022 10:06:45 GMT Lucy Rodriguez Leon viewed the document You can verify that this is a genuine Portal document by uploading it to the following secure web page: **http://bwm.accountantspace.co.uk/messages/VerifyDocument**