2024-03-31-accounts

Charity no. 1190848

United Kingdom Literacy Association Report and Unaudited Financial Statements

31 March 2024

United Kingdom Literacy Association

Reference and administrative details

Reference and administrative details	Reference and administrative details
For theyear ended 31 March 2024
Charity number	1190848
Registered office and	c/o Voluntary Action Leicestershire
operational address	9 Newarke Street
	Leicester
	LE1 5SN
Trustees	Dr Roger Duncan McDonald	Dr Clare Adele Dowdall
	Dr Navan Nadrajan Govender	Joy Elizabeth Court
	Prof Candice Satchwell	Lynda Jennifer Graham MA
	Dr Lucy Jane Rodriguez Leon	David Glyn Reedy
	Dr Karen Dianne Daniels	Prof Colin Harrison
	Prof Debra Ann Myhill	Rebecca Simpson-Hargreaves
	Jo Tregenza
	Janet Olive Alexandra Douglas Gardner MA
	Margaret Elizabeth Broad
	Prof Teresa Mary Cremin
	Christine Mary Lockwood
Director	Prof Debra Ann Myhill
Bankers	CAF Bank	Teachers Building Society
	25 Kings Hill Avenue	Allenview House
	Kings Hill	Hanham Road
	West Malling	Wimborne
	Kent	Dorset
	ME194JQ	BH21 1AG
	Charity Bank
	Fosse House
	182 High Street
	Tonbridge
	TN9 1BE
Independent examiners	Godfrey Wilson Limited
	Chartered accountants and statutory auditors
	5th Floor Mariner House
	62 Prince Street
	Bristol
	BS1 4QD

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United Kingdom Literacy Association

Report of the trustees

For the year ended 31 March 2024

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Constitution and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

The Trustees present their report and financial statements for the year ended 31 March 2024.

Objectives and activities

The United Kingdom Literacy Association (UKLA) is the UK’s leading association dedicated to literacy in education and brings together teachers, teacher educators, researchers and many others working in literacy education for all ages. The sole object of the United Kingdom Literacy Association is to advance education in literacy, and its principal activity during the year has been to encourage progress in language and literacy at all levels.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The Association's activities fall into three main areas:

• Membership, subscriptions and awards;

• Conferences; and

• Publications and research.

How our activities deliver public benefit

The sole objective of UKLA is the advancement of education in literacy. It achieves this by:

• Creating a supportive community for those working in literacy, language and communication;

• Championing, supporting and providing access to the latest research for use by academics, practitioners and policymakers; and

• Providing an informed national voice.

Impact: UKLA’s performance and achievements throughout 2023 – 2024

During the 2023 – 2024 financial year, UKLA has engaged in a broad range of activities to exchange ideas, disseminate research, debate possibilities, and share expertise to advocate for a fulfilling and empowering approach to literacy education. The following report offers a summary of UKLA’s activities and achievements.

1. UKLA Publications: journals, books and web resources

UKLA’s publications continue to play a key role in supporting members in schools, universities and other educational settings through disseminating research findings as well as practical, principled approaches for use in teaching at all levels.

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United Kingdom Literacy Association

Report of the trustees

For the year ended 31 March 2024

• Literacy and Journal of Research in Reading are UKLA’s peer-reviewed journals. Both attract an international authorship and readership and make important contributions to global discussions of contemporary issues in literacy research;

• English 4-11 is jointly produced by the English Association and UKLA and is free to members. This print publication focuses primarily on practice in early years and primary schools. Many contributors are classroom teachers, educational consultants or teacher educators;

• UKLA Voices – the association’s electronic newsletter, provides a forum for members to share aspects of their work that will be of interest to other members; and

• Minibooks - UKLA’s latest ‘Minibook’ was published in 2024, ‘More than Talk: Teaching Dialogue to build learning communities, by Fiona Maine.

2. Conferences

UKLA’s highly regarded conferences play a key part in bringing members and non-members together, facilitating networking as well as promoting the dissemination of cutting-edge research and offering more practical workshops.

• UKLA’s 58th International Conference was held in Exeter in July 2023, attracting 217 delegates;

• The National Conference , Promoting Inclusion and Belonging in Literacy was held online in March 2024; and

• ▪ The annual joint UKLA / NEU conference, ‘Teaching Reading in Primary Classrooms’ was held in London in May 2023.

3. Supporting and disseminating research

UKLA has a robust and vibrant research profile. In furtherance of its core aim to advance education in literacy, UKLA seeks to inform educational professionals and policymakers at all levels by supporting and disseminating cutting edge research. UKLA’s stringent criteria ensures that only research of high quality is promoted. Activities include:

• Small Research Grants - three new projects were awarded funding in 2023, which will explore a range of important studies on the uses of literacy in education and in everyday life. All grants are awarded with the aim to advance literacy education and to enhance experiences of learners, particularly those from marginalised groups;

• Research Dissemination - previous grantees disseminate their project findings by presenting at the International Conference and publishing in UKLA's journals; and

• Post Graduate Student Research Network provides a supportive space for Master’s and Doctoral students to discuss aspects of literacy education.

4. The UKLA awards programme

The UKLA awards programme showcases the work of schools and individual teachers whose practice inspires others, celebrates high quality books for both young people and educational professionals, and honours outstanding research papers. In 2023, the association’s annual awards included:

• The Diversity and Inclusion – Awarded for good practice in teaching for Diversity and Inclusion;

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United Kingdom Literacy Association

Report of the trustees

For the year ended 31 March 2024

• The UKLA Literacy School of the Year Award - for innovative practice that puts literacy and literature at the heart of learning;

• ▪ The ‘Our Class Loves This Book’ award celebrates a class’s response to one of the books shortlisted for the UKLA Book Awards;

• The UKLA Book Awards, the only children’s book awards judged by teachers;

• The UKLA Student Shadowing Award – open to teachers and students across the UK

• The Academic Book Award, for a book that makes a lasting, significant contribution to literacy education;

• The UKLA / Wiley Research in Literacy Education Award, for outstanding articles from UKLA’s journals Literacy and the Journal of Research in Reading ; and

• The UKLA Student Research Prize, in 2023 three prizes were awarded for outstanding dissertations, at Undergraduate, Masters, and Doctorate levels.

5. UKLA Special Interest Groups

During 2023 - 2024, eight Special Interest Groups (SIGs) allowed members who share enthusiasm for a specific topic to network with others in the UK and across the globe. UKLA SIGs comprise:

• The English in Initial Teacher Education SIG;

• The Early Years Literacy in Education SIG;

• The Literacy and Multilingualism SIG;

• The Storytelling SIG;

• The Critical Literacy SIG;

• The Teaching Writing SIG;

• The Everyday Literacies SIG; and

• ▪ Participatory Approaches in Literacy Research.

6. Teachers’ Reading Groups (TRGs)

UKLA and the Open University continue their partnership aiming to build communities of readers, drawing on the OU/UKLA Teachers as Readers research. These groups provide free evidence-based CPD for school-based educators, in ways that will enrich their understanding of children’s Reading for Pleasure and their knowledge about how to support it. During 2023 – 2024 there were over 100 teachers’ reading groups across the UK and beyond.

7. The UKLA/OU Quality Mark

The new ‘quality mark’ programme is a UKLA / Open University partnership which supports schools to develop and enrich their Reading for Pleasure culture and practices. Schools are then awarded a silver, gold or platinum award. During the 2023 – 24 academic year, 25 schools are taking part in the programme.

8. Regional Representatives

UKLA’s Regional Representatives continue their invaluable work as key members of UKLA, raising its profile and attracting new members in all countries of the UK. During 2023 – 2024 Regional Reps have continued to host #UKLAchats on Twitter, attracting a wide range of audiences each month.

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United Kingdom Literacy Association

Report of the trustees

For the year ended 31 March 2024

International links

UKLA continues to be strongly represented at Federation of European Literacy Associations meetings in Europe, which provide opportunities to discuss research and policy with international colleagues. The work of the Association is also promoted through the International Ambassador Scheme. The International Sub-Committee is responsible for Project Connect, which supports two literacy charities: the Donkey Library in Ethiopia and the Children’s Book Project in Zanzibar.

9. Providing an informed national voice

UKLA continues to work energetically to influence UK education policy. The association is represented on a number of expert groups and maintains close links with other subject associations. Collegiate relationships with academic institutions are also important and have led to some productive partnerships.

10. Financial Review

As summarised in the preceding section, during 2023 – 2024 UKLA has continued to undertake a wide range of activities to further its objective of advancing education in literacy; these activities are facilitated by the outcomes of financial decisions made by trustees.

Income summary

UKLA’s total income for the year was above budget at £236,024.

Key income includes royalties from UKLA journals £67,277. Income from membership subscriptions (including gift aid), £51,183. Sponsorship income for the book awards and conference generated £15,545 . The sale of UKLA publications (Books and eBooks) generated £3,663 . The UKLA / OU Quality Mark scheme generated £27,992, however, all profits will be shared with The Open University at the end of the 2023-24 academic year. Tickets sales for the International Conference generated £61,762 .

Expenditure summary

UKLA’s total expenditure for the year was £182,903.

This includes journal and magazine production costs of £9,172, Staffing costs (including contracted-in bookkeeping and payroll support) of £69,062 , and office accommodation and website costs of £12,953. Research grants to the sum of £7,825 were awarded by the association, and International Conference expenditure (including associated awards costs) was £51,696.

Total net assets

The association’s total net assets as of 31[st] March 2024 are valued at £351,431. £3,828 of this total is restricted, and hence ring-fenced for use in supporting Project Connect literacy-promoting activities.

11. Governance:

The Trustees of the Association consider the overall performance of the charity for the year 2023/24 to be very good and take the view that the Charity's activities continue to represent excellent value for money.

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United Kingdom Literacy Association

Report of the trustees

For the year ended 31 March 2024

Looking Ahead

Looking forward to the year ahead, the trustees are optimistic that UKLA activity will continue to grow. Royalties from UKLA’s journals are expected to remain consistent. There has been a high level of interest in the UKLA / OU quality mark scheme with a new cohort of schools registered to begin the programme in September. Membership numbers are expected to remain consistent or grow slightly, and the 2024 International Conference at Brighton is expected to be well attended. The trustees have agreed a deficit budget for the 2024-2025 financial year, drawing on reserves to ensure UKLA continues to provide an informed and influential voice in literacy education. The trustees are aware that UKLA is holding greater reserve funds than is necessary, and will explore new initiatives and projects in Autumn 2024.

In summary, UKLA remains in a strong position to inform the debate and continues to play an important part in multi-partner initiatives set up to influence education policy as well as practice.

Risk

The trustees have assessed the major risks to which the charity is exposed, in particular those related to the operation and finance of the charity and are satisfied that systems are in place to mitigate exposure to the major risks of normal times. Financial monitoring will enable the trustees to review UKLA’s finances throughout 2024-25.

No government grants have been applied for.

Reserves policy

UKLA understands the need to maintain an adequate level of reserves to deal with circumstances such as:

• The unlikely event of the charity being wound up;

• Gaps in budget targets causing temporary cash deficits (e.g., an income source being withdrawn or reduced);

• A short-term (single financial year) deficit budget; and

• An increase in operating costs, unforeseen operating costs or an urgent need for funds for a specific purpose (e.g., inflation, temporary staff to cover a long-term sick absence).

To mitigate for the above circumstances, the Trustees have established a policy whereby:

• The charity's free reserves (defined as unrestricted funds, excluding designated funds and amounts held in fixed assets) should be equivalent to annual expenditure, excluding conference costs, grants and awards. At current levels, this is calculated to be £100,000. This is not expected to happen in the foreseeable future; however, this level of free reserves would allow the charity to be wound up in a controlled and responsible way should the need arise; and

• In addition, the Trustees consider it prudent to for the charity to hold an additional £20,000 in reserves to mitigate for budget deficits and unforeseen increased operational costs. At this level, the current activities of the charity should be sustainable.

At the year end date the free reserves of the charity were £342,529 and the charity has plans in place to spend down the excess level of reserves held above the reserves policy level.

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United Kingdom Literacy Association

Report of the trustees

For the year ended 31 March 2024

To this end, the Trustees have invested some funds in a fixed term deposit post year end as a ‘long term reserve’. While UKLA seeks to maximise interest payable on these funds, this needs to be balanced with ready accessibility.

Statement of responsibilities of the trustees

The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

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 of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those financial statements the trustees are required to:

• Select suitable accounting policies and then apply them consistently;

• Observe the methods and principles in the Charities SORP;

• Make judgements and accounting estimates that are reasonable and prudent;

• State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charity during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 6 July 2024 and signed on their behalf by

Professor Debra Ann Myhill - Chair

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Independent examiner's report

To the trustees of

United Kingdom Literacy Association

I report to the trustees on my examination of the accounts of United Kingdom Literacy Association (the CIO) for the year ended 31 March 2024, which are set out on pages 9 to 22.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Godfrey Wilson Limited also provides payroll and bookkeeping services to the CIO. I confirm that as a member of the ICAEW I am subject to the FRC’s Revised Ethical Standard 2016, which I have applied with respect to this engagement.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• (1) accounting records were not kept in respect of the CIO as required by section 130 of the Act; or

• (2) the accounts do not accord with those records; or

• (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Alison Godfrey

Date: 8 July 2024 Alison Godfrey FCA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

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United Kingdom Literacy Association

Statement of financial activities

For the year ended 31 March 2024

Restricted Unrestricted Note £ £ Income from: Donations 3 3,286 71 Charitable activities 4 - 229,423 Investments - 3,244 Total income 3,286 232,738 Expenditure on: Charitable activities 500 182,403 Total expenditure 6 500 182,403 Net movement in funds 7 2,786 50,335 Reconciliation of funds: Total funds brought forward 1,042 297,268 Total funds carried forward 3,828 347,603	2024 Total £ 3,357 229,423 3,244 236,024 182,903 182,903 53,121 298,310 351,431	2023 Total £ 1,314 188,907 1,481
		191,702
		182,201
		182,201
		9,501
		288,809
		298,310

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 17 to the accounts.

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United Kingdom Literacy Association

Balance sheet

As at 31 March 2024

Note Fixed assets Tangible assets 10 Intangible assets 11 Current assets Stocks 12 Debtors 13 Cash at bank and in hand Liabilities Creditors: amounts falling due within 1 year 14 Net current assets Net assets 16 Funds 17 Restricted funds Unrestricted funds General funds Total charity funds	£ 7,642 93,569 290,855 392,066 45,709	2024 £ 836 4,238 5,074 346,357 351,431 3,828 347,603 351,431	2023 £ 1,606 6,358
			7,964 9,869 80,710 228,885
			319,464 29,118
			290,346
			298,310
			1,042 297,268
			298,310

Approved by the trustees on 6 July 2024 and signed on their behalf by

Professor Debra Ann Myhill - Chair

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United Kingdom Literacy Association

Notes to the financial statements

For the year ended 31 March 2024

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

United Kingdom Literacy Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of provision of conferences, events or memberships is deferred until criteria for income recognition are met.

d) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

e) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

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United Kingdom Literacy Association

Notes to the financial statements

For the year ended 31 March 2024

f) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

g) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. Support and governance costs have been allocated to charitable activities in full as the charity does not carry out any fundraising activities.

h) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Office Equipment

3 years straight line

i) Intangible fixed assets

Amortisation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The amortisation rate in use are as follows:

Intangible assets

3 years straight line

j) Stock

Stock is included at the lower of cost or net realisable value.

k) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

m) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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United Kingdom Literacy Association

Notes to the financial statements

For the year ended 31 March 2024

n) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

o) Pension costs

The charity operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

p) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation and amortisation as described in notes h and i above.

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United Kingdom Literacy Association

Notes to the financial statements

For the year ended 31 March 2024

2. Prior period comparatives: statement of financial activities

Income from: Donations Charitable activities Investments Total income Expenditure on: Charitable activities Total expenditure Net income and net movement in funds 3. Income from donations Donations Prior period comparative: Donations	Restricted £ £ 1,314 - - 188,907 - 1,481 1,314 190,388 500 181,701 500 181,701 814 8,687 Restricted £ £ 3,286 71 Restricted £ £ 1,314 - Unrestricted Unrestricted Unrestricted	2023 Total £ 1,314 188,907 1,481
		191,702
		182,201
		182,201
		9,501
		2024 Total £ 3,357
		2023 Total £ 1,314

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United Kingdom Literacy Association

Notes to the financial statements

For the year ended 31 March 2024

4. Income from charitable activities

Conferences Awards Publications Training Subscriptions Total income from charitable activities Prior period comparative: Conferences Awards Publications Training Subscriptions Total income from charitable activities	Restricted Unrestricted £ £ - 61,762 - 15,545 - 70,941 - 27,992 - 53,183 - 229,423 Restricted Unrestricted £ £ - 59,825 - 9,500 - 71,035 - 150 - 48,397 - 188,907	2024 Total £ 61,762 15,545 70,941 27,992 53,183
		229,423
		2023 Total £ 59,825 9,500 71,035 150 48,397
		188,907

5. Government grants

The charity does not receive any government grants.

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United Kingdom Literacy Association

Notes to the financial statements

For the year ended 31 March 2024

6. Total expenditure

Total expenditure
£ £ 12,071 56,991 - 23,990 - 5,546 - 8,738 Consultancy - 1,565 - 2,025 Amortisation - 2,120 7,825 - 1,164 - 9,172 - 51,696 - 81,928 100,975 100,975 (100,975) 182,903 - Total governance costs were £4,078 (2023: £3,197) Grants and awards are paid to individuals in line with the charity's objects. Prior year comparative £ £ 11,655 47,983 - 12,953 - 1,157 - 2,917 - 6,960 - 1,607 9,273 - 16,813 - 18,172 - 52,711 - 108,624 73,577 73,577 (73,577) 182,201 - Sub-total Total expenditure Allocation of support and governance costs Charitable activities Depreciation Grants Awards Publishing expenses Conference expenses Staff costs (note 8) Office and website costs Bank charges IE and accountancy fees Support and governance Charitable activities Support and governance Depreciation Grants Publishing expenses Conference expenses Staff costs (note 8) Office and website costs Committee expenses Bank charges IE and accountancy fees Sub-total Allocation of support and governance costs Total expenditure Subscriptions expenses	£ 69,062 23,990 5,546 8,738 1,565 2,025 2,120 7,825 1,164 9,172 51,696 2024 Total
	182,903 -
	182,903
	£ 59,638 12,953 1,157 2,917 6,960 1,607 9,273 16,813 18,172 52,711 2023 Total
	182,201 -
	182,201

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United Kingdom Literacy Association

Notes to the financial statements

For the year ended 31 March 2024

7. Net movement in funds

This is stated after charging:

Amortisation Depreciation Trustees' remuneration Trustees' reimbursed expenses Independent examiner's remuneration: Independent examination (excluding VAT) Payroll	2024 £ 2,120 2,025 250 978 1,800 -	2023 £ Nil 1,607 Nil 606 1,700 65

Trustees' reimbursed expenses composed of travel and accomodation expenses for 14 trustees in the year (2023: 11 trustees). Details of trustee remuneration are included in note 18 to the accounts.

8. Staff costs and numbers Staff costs were as follows:

Salaries and wages Social security costs Pension costs	2024 £ 67,920 - 1,142 69,062	2023 £ 57,753 36 1,849
		59,638

No employee earned more than £60,000 during the year or prior year.

The key management personnel of the charity comprise the trustees and the Director. The total employee benefits of the key management personnel were £30,177 (2023: £34,636).

Average head count	2024 No. 3.92	2023 No. 3.42

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

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United Kingdom Literacy Association

Notes to the financial statements

For the year ended 31 March 2024

10. Tangible fixed assets

**10. **	Tangible fixed assets
		Office equipment
		£
	Cost
	At 1 April 2023	4,819
	Additions in year	1,255
	At 31 March 2024	6,074
	Depreciation
	At 1 April 2023	3,213
	Charge for the year	2,025
	At 31 March 2024	5,238
	Net book value
	At 31 March 2024	836
	At 31 March 2023	1,606
**11. **	Intangible fixed assets
		Software
		£
	Cost
	At 1 April 2023	6,358
	Additions in year	-
	At 31 March 2024	6,358
	Amortisation
	At 1 April 2023	-
	Charge for the year	2,120
	At 31 March 2024	2,120
	Net book value
	At 31 March 2024	4,238
	At 31 March 2023	6,358

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United Kingdom Literacy Association

Notes to the financial statements

For the year ended 31 March 2024

12. Stock

Books and publications 13. Debtors Trade debtors Gift Aid receivable Other debtors Prepayments 14. Creditors : amounts due within 1 year Trade creditors Other taxation and social security Accruals Deferred income 15. Deferred income At 1 April 2023 Deferred during the year Released during the year At 31 March 2024	2024 £ 7,642 2024 £ 6,760 15,589 67,272 3,948 93,569 2024 £ 3,375 2,221 2,719 37,394 45,709 2024 £ 21,507 37,394 (21,507) 37,394	2023 £ 9,869
		2023 £ 1,536 11,232 64,781 3,161
		80,710
		2023 £ 3,199 1,756 2,656 21,507
		29,118
		2023 £ 17,068 21,507 (17,068)
		21,507

Deferred income relates to advance ticket sales, sponsorship income and membership subscriptions.

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United Kingdom Literacy Association

Notes to the financial statements

For the year ended 31 March 2024

16. Analysis of net assets between funds

Tangible fixed assets Intangible fixed assets Current assets Current liabilities Net assets at 31 March 2024 Prior year comparative Tangible fixed assets Intangible fixed assets Current assets Current liabilities Net assets at 31 March 2023	Restricted funds £ - - 3,828 - 3,828 Restricted funds £ - - 1,042 - 1,042	£ - - - - - £ - - - - - Designated funds Designated funds	General funds £ 836 4,238 388,238 (45,709) 347,603 General funds £ 1,606 6,358 318,422 (29,118) 297,268	Total funds £ 836 4,238 392,066 (45,709)
				351,431
				Total funds £ 1,606 6,358 319,464 (29,118)
				298,310

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United Kingdom Literacy Association

Notes to the financial statements

For the year ended 31 March 2024

17. Movements in funds

Restricted funds Project connect Total restricted funds General funds Total unrestricted funds Total funds Unrestricted funds	At 1 April 2023 £ 1,042 1,042 297,268 297,268 298,310	Income £ 3,286 3,286 232,738 232,738 236,024	Expenditure £ (500) (500) (182,403) (182,403) (182,903)	Transfers between funds £ - - - - -	At 31 March 2024 £ 3,828
					3,828
					347,603
					347,603
					351,431

Purposes of restricted funds Project connect

UKLA’s Project connect supports two literacy charities: the Donkey Library in Ethiopia and the Children's Book Project in Zanzibar. The aim of the project is to help spread an engaged committed and critical literacy in the developing world.

21

United Kingdom Literacy Association

Notes to the financial statements

For the year ended 31 March 2024

17. Movements in funds (continued) Prior year comparative

Prior year comparative Restricted funds Project connect Total restricted funds Designated funds: Closure costs General funds Total unrestricted funds Total funds Unrestricted funds Total designated funds	At 1 April 2022 £ 228 228 142,213 142,213 146,368 288,581 288,809	Income £ 1,314 1,314 - - 190,388 190,388 191,702	£ (500) (500) - - (181,701) (181,701) (182,201) Expenditure	£ - - (142,213) (142,213) 142,213 - - Transfers between funds	£ 1,042 At 31 March 2023
					1,042
					-
					-
					297,268
					297,268
					298,310

18. Related party transactions

J Court, a trustee, was paid a £250 honararium payment for work completed on the book awards, per note 7.

There were no related party transactions in the prior year.

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