# **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **LITDRIVEUK** (Charitable Incorporated Organisation) **CHARITY REGISTRATION No: 1192075** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ ## **LITDRIVEUK** (Charitable Incorporated Organisation) ## **CONTENTS** |Page 3|Legal and Administrative Information| |---|---| |Pages 4 to 15|Trustees' Report| |Page 16|Statement of Financial Activities| |Page 17|Balance Sheet| |Pages 18 to 22|Notes to the Financial Statements| |Page 23|Independent Examiner's Report| 2 ## **LITDRIVEUK** (Charitable Incorporated Organisation) ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1192075 **DATE OF REGISTRATION** 29th October 2020 **START OF FINANCIAL YEAR** 1st January 2023 **END OF FINANCIAL YEAR** 31st December 2023 **TRUSTEES AT 31ST DECEMBER 2023** Louise Cass Emily McAllister Amanda McKenzie Hannah Jones (Appointed 10th May 2023) Samantha Church (Resigned 10th May 2023) Benjamin Harris (Resigned 10th May 2023) **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO - Foundation Registered 29th October 2020 ## **OBJECTS** The objects of the CIO are to advance education for the public benefit by providing professional development to English Teachers or Tutors. **CORRESPONDENCE ADDRESS** Litdrive UK P.O Box 11023 Leicester LE19 9DY **PRIMARY BANKERS** Lloyds Bank Plc 25 Gresham Street London EC2V 7HN **SOLICITORS** Nelsons Solicitors Provincial House 37 New Walk Leicester LE1 6TU **INDEPENDENT EXAMINERS** Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ 3 Litdrive Better balance Litdrive Impact Report 2022 www.litdrive.org.uk Vision To provide ongoing subject-specific professional development to every English teacher and tutor to aid the quality of education and retain English teachers to the profession Mission To provide a community sharing platform for curriculum materials, subject specific mentoring and subject specific teacher development for all English teachers The Problem Teacher recruitment and retention is at crisis point, with leaving teachers significantly outweighing teachers entering the profession to sustain educational standards. The Solution English teachers will be more effectively supported to deliver a high level of education to pupils if they have access to a professional community, high quality curriculum materials and subject specific teacher development. Member Testimonials Helped build my confidence after returning from maternity leave as I didn't feel like I needed to spend time with planning. Providing high quality resources and cpd means that my teaching has been inspired and my own growth has been rapid. It's been such a huge boost to my own career development and sharpened my own subject knowledge. Litdrive has enabled me to stay in teaching - I don't think I would still be an English teacher had it not been for Litdrive. Thank you so much for everything you do! Our member offer For a nominal membership fee, members have access to high-quality subject specific CPD, a shared resource bank of member-contributed classroom materials and the option to register for a subject-specific mentoring programme. Our offer aims to provide members with: Subject specific professional development delivered by subject teaching experts A subject communty to support and share effective practice A manageable workload, professional fulfilment, and increased likelihood to remain in the profession. Our online CPD sessions were viewed 24177 times by teachers, totalling almost a MILLION hours spent engaging in subject specific PD. Whilst restrictions prevented several pLanned events running in 2020 and 2021, our online and in-person events have now reached over 3000 English teachers since their inception. 92% of members felt that Litdrive fulfilled its charitable objective and meets a need for subject specific professional development •a• Our Impact Members downloaded 229,965 resources from Litdrive in 2022, with several members sharing how these had developed their own approach to writing curriculum materials and helped to make teacher workLoad more manageabLe. 354 teachers took part in our mentoring programme, with one teacher sharing, Having a mentor made a huge impact to my practice and my school. She helped me to plan and implement change which heLped my colleagues and will improve student outcomes for years to come. 11: Volunteer case study: Stuart Pryke As a volunteer. I have found Litdrive's regional CPD events and online PD offer invaluable. Firstly. through the planning and delivery of these events I have improved by own subject knowledge rapidly and it has been a joy to share this with fellow English teachers who attend. Secondly. it has allowed me to network with other teachers and volunteers across the country, sharing best practice, collaborating on the creation of resources and initiating debate around the teaching ot literature and language. In particular. the 'on demand. aspect of Litdrive's online PD has allowed me to flexibly share training with staff in my department and across my multi-academy trust to ensure we havc high tandardJ of teaching in our classrooms. Volunteer case study: Nikki Carlin I find it incredibly rewarding to lead the online CPD offer for Litdrive. Watching the recordings to prepare them for the website has given me a wealth of subject knowledge. new ideas. and practical resources. The submissions we receive to share with our members are always of such high quality, and show just how much passion and knowledge is out there. It makes me proud that Litdrive can offer that platform for teachers to not only leam from others. but share their expertise too. My role puts me in the unique position of seeking out excellent teachers who have something to share and may not have the belief to put themselves forw'ard. Being part of an organisation that values subject knowledge and teacher learning has made me a stronger teacher and leader. Ill Plans for the future An improved in-person offer and online offer for schools to use as part of their subject specific PD provision, through the development of a more strategically effective voluntary PD planning team. Developing our communications to members, including guest blogs, case studies and other subject-specific support. Exploring other avenues for fundraising to ensure that the charity has a sustainability plan that enables long-term growth and stability. Thank you from our Founder Looking back over the last year. I feel immensely proud of both the impart we have had in this time. and how well positioned we are to scale this impact in future years. Over the last five years. we have seen Litdrive's community and provision develop from the amazing #TeamEnglish bank of resources to dedicated website and established offer for over 27.000 new and experienced teachers alike. Following this. the development of our regional team enabled teachers to attend small-scale. COVID-19 attempted to challenge these plans. and our team provided live and pre-recorded professional development. opening up accessibility so that departments in school could utilise our sequence with their teams. and individual teachers could attend to specific subject knowledqe qaps. We know that all of the statistics listed in this report are underestimates of our true impact. We know that teachers have formed valuable connections through our mentoring programme. developed their own practice through the inspiration of others. or progressed professionally through the opportunities to contribute or volunteer with the organisation. One volunteer shared. '1 thoroughly enjoy volunteering. It has introduced me to so many other like minded professionals. It feels good to be giving back to the teaching community also through shared resources and mentoring programme, and Indeed, many collaborations have evolved as a result of these connections. We may never be able to fully capture the impact of Litdrive but all of this helps to contribute to our vision to provide ongoing subject-specific professional development to every English teacher and tutor to aid the qualty of education and retain English teachers to the profession. Our continued and evolving partnerships and collaborations will enable us to continue to evolve as a charity as we now look to be considered for subject association status. develop our member offer further and capture the lived experiences of English teachers so that pupils in every single English classroom can benefit. Many thanks to all of our supporters, funders and partners - we are excited to continue to scale our ifflpact wtth your support in the years aheadl Thank you to our Partners MTPT Project IPEVO plro empwxer. Conner Teach First POETRY BY HEVRT , *.,'CENTURY Litdrive Better balance Committed to the continuing professional development of English teachers and tutors in the UK To sponsor us, collaborate with us or volunteer your time and expertise, get in touch LitdriveUK@hotmaill.com @LitdriveUK @Litdrive Charity registration number 1192075 LITDRIVEUK TRUSTEES. REPORT (ContSnuod} FC* THE YEAR ENDED 31ST DECEMBER 2023 Trust868' R66pon¥lbtiiti Iruslees are re8W)ÈIb￿ rffjwrirvJ th& TrU￿e￿ Rwi the w•th optAical Law th8 Generdty Accepted Accwnlirrfj PrirK*5 IGAAPI IrthlU￿ F￿ar￿131 Rewting Sland¥d 102.. The Finanra RewtirvJ St8rtrJard WA￿8t40 in the UK (ur￿ W Gwrallyfvww A(*AXI￿n9 Prthl. The Ch8rttie5 Act 2011 requwe fAMx6al $18temgrts k( ltha￿la1 ￿ar gfv8 a tru8 and fdr view of the *ate of affairs ol tho CIO arKI or ol th& CIO thal perlrd ITh prwrir#J th)se financlal st0￿MentS tyu$ts8sarè reqLtr&l to.. Obsw¥e the rneth(xI5￿d Ih8 Charilles SORP.. M*&ludg8mwt8 e￿mates1hal ar& re88c￿￿48 8NI dI5GkJ8￿ a￿1 In thè slaiem8n14 PreF4re finandal stalemert8 cn the OrwJ ccrKwn b￿1$ l• Io Kyewjm CIO ￿11 fin*)¢1￿ pos1t￿ oftha charSly rt4e them lo that tho Btslwnonts ronply ￿1h Ih Char￿￿5 AGI 2011. t Ch8dty IAccwnt8 aTrJ A8pN¢81 Re9￿31￿￿5 2[￿ of thè Govomk¥ CwmenL TW ilxj re&wn8ftslo for 8afeguardhg tho 888•15 Of￿ thjrily 0￿1 IL* reaso￿t4& sleps trthe We￿Ilt￿ 8nd dgt8cdcfi of fr8ud and othor Irregularltto& i olo.qiw.£4........................................................................................... VO¥8d ty IheTru81888 ori.......... . Sgn*Jcn th8trb8hBNtyTrwtse...... ... . prtnied Name.. Loui56 CASS 15 ## **LITDRIVEUK** (Charitable Incorporated Organisation) ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023** |**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Activities for Generating Funds
**3b**
Investment Income
**3c**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of Generating Funds**
Cost of Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING (OUTGOING) RESOURCES**
Funds Brought Forward
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2023**
**2022**
£
£
£
£
3,680
-
3,680
1,275
41,053
-
41,053
29,869
776
-
776
1
**45,510**
**-**
**45,510**
**31,145**
28,166
-
28,166
8,285
1,335
-
1,335
1,363
**29,502**
**-**
**29,502**
**9,648**
**16,008**
**-**
**16,008**
**21,496**
77,501
-
77,501
56,005
**93,509**
**-**
**93,509**
**77,501**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 18 to 22 form part of these financial statements. 16 LITDRIVEUK Ichariigble Incorkwtsd Owkationl BALANCE SHEET ASAT31ST DECEMBER2023 Total 314hc-23 Total 31-Dx.22 Flx6d A$s915 Taryibb As&èts Invé$iments TO1￿ Flx•d A8s8ts Current A51•1• Debtors & PrwayM￿I5 Cash ai Ba￿ In ￿￿¢Y To¢•1 CUrr￿t A810ts 1.27S TT.4r3 78,748 9&436 95,436 944JO 95,436 Cr•dltori: Amtyjrtstsiiffj 1,927 1.247 NET CURRENT ASSETS 77,￿1 TOTALASSET8 le88fJmrt 93i09 93,509 77.SQ1 Cr•dlt•r&' Amwnl* Wkng In NET ASSET8 gJ.509 93.509 77,501 Fundi ofth• CharSty Gen8r81 Funds R88ldd8d FuThJ• 77,501 Total Fund• 93,509 93,509 77,501 Slgmdon beh•WtyTnMle8.. ... . . Lou15e CASS 17 ## **LITDRIVEUK** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of Preparation & Assessment of Going Concern** ## **Basis of Preparation** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. ## **Incoming Resources** ## _**Recognition of Incoming Resources**_ These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the trustees are virtually certain they will receive the resources; and ▪ the monetary value can be measured with sufficient reliability ## _**Incoming Resources with Related Expenditure**_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. ## _**Grants and Donations**_ Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## _**Tax Reclaims on Donations and Gifts**_ Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SOFA once the related goods or services has been delivered. ## _**Gifts in Kind**_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts. ## _**Investment Income**_ This is included in the accounts when receivable. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 18 ## **LITDRIVEUK** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters. ## _**Grants with Performance Conditions**_ Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Investments**_ Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## _**Unrestricted Funds**_ These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. ## _**Restricted Funds**_ These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes. ## _**Designated Funds**_ These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects. ## _**Fixed Assets**_ Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Depreciation Expense**_ Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied are as follows: Fixtures, Fittings and Equipment 25% - Reducing Balance Basis ## **2. TANGIBLE FIXED ASSETS** The CIO held no fixed assets during this or the previous financial period. The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2023 : None 31st December 2022 : None 19 ## **LITDRIVEUK** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **3. INCOMING RESOURCES** |**a) Donations, Grants & Legacies**
Gifts & Donations
**b) Activities for Generating Funds**
Activities & Events
Membership Subscriptions
**c) Investment Income**
Interest
**4. RESOURCES EXPENDED**
**a) Cost of Charitable Activities**
Activities & Events
Advertising & Publicity
Bank Charges
Consultancy Fees
Equipment Costs
Gifts & Donations
Licenses & Subscriptions
Office Costs
Sundry Expenses
Travel & Subsistence
Website Costs
**b) Governance Costs**
Independent Examiners Fees
**9**
Legal & Professional Fees|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2023**
**2022**
£
£
£
£
3,680
-
3,680
1,275
**3,680**
**-**
**3,680**
**1,275**
7,913
-
7,913
-
33,140
-
33,140
29,869
**41,053**
**-**
**41,053**
**29,869**
776
-
776
1
**776**
**-**
**776**
**1**
Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2023**
**2022**
£
£
£
£
720
-
720
-
3,007
-
3,007
-
258
-
258
34
13,877
-
13,877
-
3,881
-
3,881
482
-
-
-
200
1,731
-
1,731
2,139
84
-
84
510
243
-
243
562
4,366
-
4,366
142
-
-
-
4,217
**28,166**
**-**
**28,166**
**8,285**
900
-
900
750
435
-
435
613
**1,335**
**-**
**1,335**
**1,363**| |---|---| 20 ## **LITDRIVEUK** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **5. RESTRICTED FUNDS** The CIO held no restricted funds during this or the previous financial period. ## **6. INVESTMENTS** The CIO held no fixed assets investments during this or the previous financial period. ## **7. CASH AT BANK AND IN HAND** |Cash at Bank & in Hand
**8. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-23**
**31-Dec-22**
£
£
**£**
**£**
95,436
-
95,436
77,473
**95,436**
**-**
**95,436**
**77,473**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-23**
**31-Dec-22**
£
£
**£**
**£**
-
-
-
1,275
**-**
**-**
**-**
**1,275**| |---|---| ## **9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Independent Examiners Fees
Sundry Creditors|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Dec-23**
**31-Dec-22**
£
£
**£**
**£**
900
-
900
750
1,027
-
1,027
497
**1,927**
**-**
**1,927**
**1,247**| |---|---| ## **10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The CIO held no long term liabilities during this or the previous financial period. ## **11. NET ASSETS BETWEEN FUNDS** |Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Dec-23**
**31-Dec-22**
£
£
£
£
-
-
-
-
93,509
-
93,509
77,501
-
-
-
-
**93,509**
**-**
**93,509**
**77,501**| |---|---| 21 ## **LITDRIVEUK** (Charitable Incorporated Organisation) ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023** ## **12. STAFF COSTS AND NUMBERS** The Charity employed no members of staff during this or the previous financial period. ## **13. TRUSTEES AND OTHER RELATED PARTIES** No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. ## **14. RISK ASSESSMENT** The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **15. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The Trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily. ## **16. PUBLIC BENEFIT** The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the CIO should undertake. 22 ## **LITDRIVEUK** (Charitable Incorporated Organisation) ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS** Report to the trustees/ members of LitdriveUK on the accounts for the year ended 31st December 2023 set out on pages 16 to 22. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - state whether particular matters have come to my attention ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ Date: 15th October 2024 23