## **Trustees’ Annual Report for the period**
**From 24/11/22 To 31/03/24 Charity name: Inclusive Books for Children**
## **Charity registration number:**
## **1201129**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To promote reading for pleasure amongst
children.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|We provide a free website to make it easy
to find high-quality inclusive books for
children, as reviewed, recommended and
curated by experts in children’s literature.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have read and understood the
guidance issued by the Charity
Commission on public benefit.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38|Our grant-making policy is available on
request by applicants and was submitted
when we registered as a charity.|
|Policy on social investment
including program related
investment|Para 1.38||
|Contribution made by
volunteers|Para 1.38||
|Other|||
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Inclusive Books for Children (IBC)’s first
achievement after registration was to build
its website, the aim of which is to make
guidance on choosing inclusive children’s
books freely available to the general public.
This involved assembling a diverse team of
expert (freelance) reviewers to review close
to 1000 books. The website launched in
September 2023.
The second phase has been spreading the
word, and assembling a core (freelance)
team to work on content, social media,
administration, publisher liaison, and more.
These are still very early days, but website
engagement is promising, with a steady
stream of users and an unusually high
average engagement time. Meanwhile, our
social media following has been steadily
increasing. It is too soon for grand
statements, but anecdotally, feedback from
users has been extremely encouraging. We
have enjoyed praise from librarians,
teachers, and parents looking to refresh
and diversify their collections. A number of
senior librarians have let us know that they
are glad to be able to signpost our resource
to colleagues. “Much needed” is a phrase
we hear a lot about our work.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||||
|---|---|---|
|Achievements against
objectives set|Para 1.41||
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
||||
Other
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|IBC closes its financial year with close to
£200,000 in the bank.|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|We do not have a formal policy on holding
reserves.|
|Amount of reserves held|Para 1.22|0|
|Reasons for holding zero
reserves|Para 1.22|We do not hold reserves per se because
the charity is privately funded. If IBC
needed more funds we would simply
transfer more money over.|
|Details of fund materially in
deficit|Para 1.24|n/a|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|n/a|
## **Additional information (optional)** You may choose to include further statements where relevant about:
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47||
|---|---|---|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46||
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The trustees are the founders of the charity
and the funders of the charity.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||||
|---|---|---|
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51||
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51||
|Relationship with any related
parties|Para 1.51||
|Other|||
## **Reference and Administrative details**
|Charity name|Inclusive Books for Children|
|---|---|
|Other name the charity uses|IBC|
|Registered charity number|1201129|
|Charity’s principal address|Suite 332
56 Gloucester Road
London SW74UB|
|||
**Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Sarah Satha|Founder|||
||Marcus Satha|Founder|||
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## – Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|
|---|---|---|
|**Type of**
**adviser**
**Name**
**Address**|||
||||
||||
||||
||||
|**Name of chief executive or names of senior staff members (Optional information)**|||
||||
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
|**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|||
|---|---|---|
||Sarah Satha||
||
Trustee and co-founder||
||1/4/24||
||1/4/24||
## **INCLUSIVE BOOKS FOR CHILDREN**
# Charity Registration number 1201129
# **FINANCIAL STATEMENTS FOR THE 16 MONTH PERIOD ENDED 31 MARCH 2024**
**INCLUSIVE BOOKS FOR CHILDREN**
## **CONTENTS FOR THE 16 MONTH PERIOD ENDED 31 MARCH 2024**
||Page|
|---|---|
|Statement of Financial Activity|1|
|Balance Sheet|2|
|Statement of Cash Flow|3|
|Notes forming part of the financial statements|4 - 5|
|Independent Examination report|6|
**INCLUSIVE BOOKS FOR CHILDREN**
## **STATEMENT OF FINANCIAL ACTIVITY FOR THE 16 MONTH PERIOD ENDED 31 MARCH 2024**
|**Note**
**Incoming resources**
Donations and legacies
**2**
Investment income
**Total income**
**Resources expended**
Charitable activities
**3**
**Total expenditure**
**Net Income/(Expense)**
Total funds brought forward
Total funds carried forward|**Total**
**Nov 22 - Mar 24**
**£**
562,579
37|
|---|---|
||**562,616**
259,839|
||**259,839**|
||302,777
-|
||**302,777**|
The notes on page 3 - 5 form part of these financial statements.
**1**
**INCLUSIVE BOOKS FOR CHILDREN**
## **BALANCE SHEET AS AT 31 MARCH 2024**
|**Note**
**Current assets**
Cash at bank and in hand
Debtors
**5**
**Total current assets**
**Current liabilities**
Creditors
**6**
**Net current assets**
**Net assets**
**Funds:**
Unrestricted funds
**Total Funds**|**2024**
**£**
190,927
112,500|
|---|---|
||303,427
650|
||302,777|
||**302,777**|
||302,777|
||**302,777**|
The Trustees declare that they have approved the accounts.
|Signed:
Name:|Date|
|---|---|
**2**
## **INCLUSIVE BOOKS FOR CHILDREN**
## **STATEMENT OF CASH FLOW FOR THE PERIOD ENDED 31 MARCH 2024**
|**Notes**
**Cash flows from operating activities**
a
**Cash flows from investing activities**
Purchase of property, plant and
equipment
b
**Net cash provided by (used in)**
**operating activities**
**Net cash provided by (used in)**
**investing activities**
Change in cash and cash equivalents in
reporting period
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|**Total**
**Nov 22 - Mar 24**
**£**
190,927|
|---|---|
||-|
||-|
||190,927
-|
||190,927|
|||
|**(a) RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**||
|**Notes**
**Adjustments for non-cash items:**
Depreciation charges
(Gains)/losses on the sale of fixed assets
(Increase)/decrease in debtors
5
Increase/(decrease) in creditors
6
**Net income/(expenditure) for the**
**reporting period (as per SOFA)**
**Net cash provided by (used in)**
**operating activities**|**Total**
**Nov 22 - Mar 24**
**£**
302,777
-
-
(112,500)
650|
||190,927|
|||
|**b) ANALYSIS OF CASH AND CASH EQUIVALENTS**||
## **Notes**
|Cash in hand
Notice deposits (less than 3 months)
**Total cash and cash equivalents**|**Total**
**Nov 22 - Mar 24**
**£**
190,927
-|
|---|---|
||190,927|
**3**
**INCLUSIVE BOOKS FOR CHILDREN**
## **NOTES TO THE ACCOUNTS FOR THE 16 MONTH PERIOD ENDED 31 MARCH 2024**
**1. Accounting Policies**
## **Basis of the preparation of the accounts**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on Recommended Practise applicable to charities 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) and the Companies Act 2006.
## **Incoming resources**
All material incoming resources have been included on a receivable basis. Donations and gifts are included in the statement of financial activities. All grants are recognised as income within the period covered by these accounts.
## **Expenditure**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. All expenditure is inclusive of irrecoverable VAT.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Fund accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.
## **Going Concern**
The trustees of the charity deem that there are sufficient funds available to continue operating on a going concern basis for the forseeable future
## **Accounting period**
The charity registered as a CIO on 24th November 2022. An extended accounting period of 16 months has been used for the first set of financial statements up until March 2024.
**4**
## **INCLUSIVE BOOKS FOR CHILDREN**
## **NOTES TO THE ACCOUNTS FOR THE 16 MONTH PERIOD ENDED 31 MARCH 2024**
|**2. Donations and legacies**
Donations
Gift aid
All income received during the period was unrestricted.
**3.**
**Expenditure on charitable activity**
Admin expenses
Advertising/promotional
Launch party
Awards costs
Books
Data entry
Reading, rating & reviewing
Freelance consultants
Grants
Publicity & marketing
Shipping & freight
Other expenses
Website design
All expenditure during the period was unrestricted.
**5. Debtors**
Accrued income (gift aid)
**6. Creditors**
Accruals
**7. Related parties & trustee expenses**|**2024**
**£**
450,079
112,500|
|---|---|
||**562,579**|
||**2024**
**£**
3,573
2,157
1,957
40,377
2,088
950
37,584
43,071
56,128
64,246
981
692
6,035|
||**259,839**|
||**2024**
**£**|
||112,500|
||**2024**
**£**|
||650|
|||
There were no related party transactions during the year.
**5**
## **INCLUSIVE BOOKS FOR CHILDREN**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024**
I report on the accounts of Inclusive Books for Children for the year ended 31st March 2024 which are set out on pages 1 to 5.
## **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 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed. The charities gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Association of Accounting Technicians.
It is my responsibility to:
- Examine the accounts under section 145 of the Charities Act,
- To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
- To state whether particular matters have come to my attention.
## **Basis of independent examiner’s Statement**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of the 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 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.
Shelley-Marie Rudling FMAAT AATQB for and on behalf of: Community360
Winsley’s House, High Street, Colchester, Essex Date 22/01/2025
**6**
## **INCLUSIVE BOOKS FOR CHILDREN**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024**
I report on the accounts of Inclusive Books for Children for the year ended 31st March 2024 which are set out on pages 1 to 5.
## **Respective responsibilities of trustees and examiner**
���������������������������������������������������������������������������������������������������� consider that an audit is not required for this year (under section 144 (2) of the Charities Act 2011 (The Act) but that an independent examination is needed. The charities gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Association of Accounting Technicians.
It is my responsibility to:
- Examine the accounts under section 145 of the Charities Act,
- To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the Charities Act, and
- To state whether particular matters have come to my attention.
## **�����������������������������������������**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 considerations of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
## **��������������������������������**
In the course of my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of the 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 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.
Shelley-Marie Rudling FMAAT AATQB for and on behalf of: Community360
�����������������������������������������������
Date 22/01/2025
**6**