REGISTERED CHARITY NUMBER: 1201129
INCLUSIVE BOOKS FOR CHILDREN
Report of the Trustees and Financial Statements for the Year Ended 31 March 2025
INCLUSIVE BOOKS FOR CHILDREN
CONTENTS
| Page | |
|---|---|
| Statutory information | 1 |
| Report of the Trustees | 2 |
| Independent Examiner report | 11 |
| Statement of Financial Activities | 12 |
| Balance Sheet | 13 |
| Statement of Cash Flows | 14 |
| Notes to the Financial Statements | 15 |
INCLUSIVE BOOKS FOR CHILDREN
Statutory Information FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number
1201129
Registered Office
Suite 332 56 Gloucester Road London SW7 4UB
Trustees
Sarah Satha Marcus Satha
Independent Examiner
Moore Kingston Smith LLP 9 Appold Street London EC2A 2AP
Bankers
Virgin Money 6 - 8 Maddox Street London W1S 1NR
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Trustees’ Annual Report for the period
From 01/04/24 To 31/03/25
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 governingdocument |
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. Our secondary activities to the same end include: |
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| The IBC Awards, which showcase the best new inclusive children’s books and their creators. IBC Book Box, a bookgifting scheme for UK state schools. The Excluded Voices Report, which analyses who creates inclusive children’s literature in the UK. |
||
|---|---|---|
| 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 | n/a |
| Contribution made by volunteers |
Para 1.38 | Trustee Sarah Satha donates her time to run IBC. |
| Other |
Achievements and Performance
SORP reference
3
| 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 free website helps parents, teachers and librarians to choose inclusive children’s books. The website was visited 26k times during the period. 1,348 books had been reviewed by the end of the period, the best of which were uploaded to the site. Our secondary activities contribute to spreading the word, as well as being worthwhile for the public benefit in themselves. IBC Book Box puts thousands of new, high quality books into the hands of the children who need them most. The IBC Excluded Voices report brings data to light that will help ourselves and others working towards improved representation in children’s books to make their case. We conducted a survey of our website users and newsletter subscribers, and another survey of Book Box recipients and the testimonies were extremely heartening. Of the Book Box recipients surveyed: 100% reported a positive impact on pupils’ awareness and normalisation of all types of people 93% reported a positive impact on pupils’ reading enjoyment 86% reported a positive impacton pupils’ self-esteem |
|---|---|---|
Additional information (optional)
You may choose to include further statements where relevant about:
4
Our first full year was about finding our feet, establishing ourselves on the publishing scene, and figuring out our processes. So we did not have targets Achievements against per se. Targets were set for calendar objectives set Para 1.41 year 2025, and progress on these will be reported in the next Trustee’s Report. However, the previous box outlines our achievements in FY 25. The charity is not involved in active fundraising with the public. Donation income during the year was all received from known related parties. We have Performance of fundraising received no complaints relating to activities against objectives fundraising during the period. set Para 1.41 Investment performance Para 1.41 against objectives Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of theperiod |
Para 1.21 | IBC closes its financial year with over £300,000 in the bank. |
| Statement explaining the policy for holding reserves statingwhytheyare held |
Para 1.22 | We do not have a formal policy on holding reserves. |
| Amount of reserves held | Para 1.22 | £414,996 |
| Reasons for holding zero reserves |
Para 1.22 | n/a |
| Details of fund materially in deficit |
Para 1.24 | n/a |
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| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | The Trustees are not aware of any material uncertainties regarding the going concern status of the charity. |
|---|---|---|
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal Para 1.47 sources of funds (including any fundraising) Investment policy and Para 1.46 objectives including any social investment policy adopted A description of the principal Para 1.46 risks facing the charity 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 |
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| 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 Para 1.51 adopted for the induction and training of trustees The charity’s organisational Para 1.51 structure and any wider network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charityname | Inclusive Books for Children |
|---|---|
| Other name the charity uses | IBC |
| Registered charitynumber | 1201129 |
| Charity’s principal address | Suite 332 56 Gloucester Road London SW74UB |
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Names of the charity trustees who manage the charity
| 1 2 3 4 5 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Sarah Satha | Founder | |||
| Marcus Satha | Founder | |||
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
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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)
Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
9
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) Sarah Satha Position (eg Trustee and co-founder Secretary, Chair, etc)
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Date 7/11/2025
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INCLUSIVE BOOKS FOR CHILDREN
Report of the Independent Examiner
I report to the trustees on my examination of the accounts of the above charity for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees, 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
Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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.
Adam Fullerton FCA, DChA
Independent Examiner
For and on behalf of Moore Kingston Smith LLP 6th Floor, 9 Appold Street, London, EC2A 2AP
Date: 7 November 2025
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INCLUSIVE BOOKS FOR CHILDREN
STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 MARCH 2025
| Notes Income from: Donations and Legacies 2 Investments 3 Other income Total income Expenditure on: Charitable activities 4 Total expenditure Total funds carried forward Net Income Total funds brought forward |
Unrestricted Funds £ 386,488 37 156 386,681 274,462 274,462 112,219 302,777 414,996 |
Restricted Funds £ - - - - - - - - - |
Year to 31 March 2025 Total Funds £ 386,488 37 156 386,681 274,462 274,462 112,219 302,777 414,996 |
16 Month period to 31 March 2024 Total Funds £ 562,579 37 - 562,616 259,839 259,839 302,777 - 302,777 |
|---|---|---|---|---|
The notes on pages 15 to 20 form part of these financial statements.
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BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025
| Note Current Assets Debtors 9 Cash at bank and in hand Creditors: Amounts falling due within one year 10 Net Current Assets Net assets Funds Unrestricted funds General Funds 11 Total |
2025 £ 62,500 357,296 419,796 (4,800) |
2025 £ 414,996 414,996 414,996 414,996 |
2024 £ 112,500 190,927 303,427 (650) |
2024 £ 302,777 302,777 302,777 302,777 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on …................7/11/2025 and were signed on its behalf by:
Sarah Satha - Trustee
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INCLUSIVE BOOKS FOR CHILDREN
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
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||||||
|---|---|---|---|---|
|16 Month|
|Year to 31|period to|
|March|31 March|
|2025|2024|
|Note|£|£|
|CASH USED IN OPERATIONS|
|Net cash (used in)/provided by operations|(i)|166,332|190,927|
|CASH FLOWS FROM INVESTING ACTIVITIES|
|Interest received|37|-|
|NET CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES|37|-|
|NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS|166,369|190,927|
|CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR|190,927|-|
|CASH AND CASH EQUIVALENTS AT END OF YEAR|357,296|190,927|
|(i) RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|
|2025|2024|
|£|£|
|Net income for the reporting period (as per the|
|Statement of Financial Activities)|112,219|302,777|
|Adjustments for:|
|-|
|Interest received|(37)|
|(Increase)/decrease in debtors|50,000|(112,500)|
|Increase/(decrease) in creditors|4,150|650|
|Net cash (used in)/provided by operations|166,332|190,927|
|ii. Analysis of changes in net funds|
|At|Cash flow|Other|At|
|01/04/2024|movement|movement|31/03/2025|
|Net Cash|
|Cash at Bank|190,927|166,369|-|357,296|
|-|
|190,927|166,369|357,296|
|Total|190,927|166,369|-|357,296|
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INCLUSIVE BOOKS FOR CHILDREN
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting Policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Going concern
The trustees have assessed whether the use of going concern and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. In particular, the trustees have considered the charity’s forecasts and projections and have taken account of pressures on income. After making enquiries, the trustees have concluded that there a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Donations
Donations are recognised as they are received except in the case where they relate to a specific future project, in which case they are deferred until the commencement of that project.
Expenditure
Expenditure is included in the Statement of Financial Activities on a accruals basis, inclusive of any VAT which cannot be recovered. Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Wherever possible costs are directly attributed to headings that aggregate all costs related to the category.
Costs of generating funds are those costs of seeking potential funders and applying for funding.
Grants payable are accounted for on an accruals basis.
Support costs are those costs incurred in support of the charitable objectives. These have been allocated to the charitable activities on a basis that fairly reflects the true use of those resource within the organisation.
Governance costs are those incurred in the governance of the charity and are primarily associated with the constitutional and statutory requirements. The irrecoverable element of VAT is included with the expense item to which it relates.
Taxation
The charity is exempt from corporation tax on its charitable activities.
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting Policies (continued)
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements
Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to reduce the asset and settle the liability simultaneously.
All debtor and creditor balances are considered to be basic financial instruments under FRS 102. See notes 9 and 10 for details.
Cash and cash equivalents
Cash and cash equivalents include cash in hand and current and fixed term deposits with banks that are accessible within 3 months.
Functional currency
The functional and presentation currency of the company is the pound sterling.
Critical accounting estimates and areas of judgement
In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements. In the view of the trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
2 Income from donations and legacies
| Donations & Legacies Gift Aid (including interest) Donations & Legacies Gift Aid Income from investments Bank interest Bank interest Expenditure on charitable activities Charitable activities Charitable activities |
Unrestricted £ 305,000 81,488 386,488 Unrestricted £ 450,079 112,500 562,579 Unrestricted £ 37 37 Unrestricted £ 37 37 Direct Costs £ 266,782 Direct Costs £ 252,467 |
Restricted £ - - - Restricted £ - - - Restricted £ - - Restricted £ - - Support costs (see note 5) £ 7,680 Support costs (see note 5) £ 7,372 |
Year to 31 March 2025 Total Funds £ 305,000 81,488 386,488 16 Month period to 31 March 2024 Total Funds £ 450,079 112,500 562,579 Year to 31 March 2025 Total Funds £ 37 37 16 Month period to 31 March 2024 Total Funds £ 37 37 Year to 31 March 2025 Total £ 274,462 16 Month period to 31 March 2024 Total £ 259,839 |
|---|---|---|---|
3 Income from investments
4 Expenditure on charitable activities
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
4 Expenditure on charitable activities (continued)
| Direct costs: Award costs Books Reading, rating and reviewing Freelance consultants Grants Publicity and marketing Shipping and freight Website design Direct costs: Launch party Award costs Books Reading, rating and reviewing Freelance consultants Grants Publicity and marketing Shipping and freight Website design |
Unrestricted Funds £ 63,869 992 23,022 152,178 16,784 - 1,209 8,728 266,782 Unrestricted Funds £ 1,957 40,377 2,088 37,584 43,071 56,128 64,246 981 6,035 252,467 |
Restricted Funds £ - - - - - - - - - Restricted Funds £ - - - - - - - - - - |
Year to 31 March 2025 Total £ 63,869 992 23,022 152,178 16,784 - 1,209 8,728 266,782 16 Month period to 31 March 2024 Total £ 1,957 40,377 2,088 37,584 43,071 56,128 64,246 981 6,035 - 252,467 |
|---|---|---|---|
5 Support Costs
| Administration expenses Advertising Data entry Governance costs: Independent examiner's fee |
Unrestricted Funds £ 1,064 1,000 576 5,040 7,680 |
Year to 31 March 2025 Total £ 1,064 1,000 576 5,040 7,680 |
|---|---|---|
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INCLUSIVE BOOKS FOR CHILDREN
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
5 Support Costs (continued)
| Administration expenses Advertising Data entry Other Governance costs: Independent examiner's fee Net Income/Expenditure Net Income is stated after charging Independent examiner's remuneration |
Unrestricted Funds £ 3,573 2,157 950 692 - 7,372 2025 £ 4,800 |
16 Month period to 31 March 2024 Total £ 3,573 2,157 950 692 - 7,372 2024 £ - |
|---|---|---|
6 Net Income/Expenditure
7 Trustees' Remuneration and Benefits
There were no trustees remuneration or other benefits for the year ended 31 March 2025 nor for the period ended 31 March 2024.
Trustee expenses
There was an amount of £5,000 (2024: £nil) trustee expenses reimbursed to 1 (2024: 0) trustee for the year ended 31 March 2025 and an amount of £6,596 (2024: £nil) to be reimbursed post year end.
8 Staff Costs
The charity had no employees in the year to 31 March 2025 nor for the period ended 31 March 2024.
No employees received emoluments in excess of £60,000 in the current year or prior period.
The trustees are considered to be key management personnel. The total remuneration for the key management personnel for the year was £nil (2024: £nil).
| 9 Debtors Accrued income 10 Creditors: amounts falling due within one year Accruals |
2025 £ 62,500 62,500 2025 £ 4,800 4,800 |
2024 £ 112,500 112,500 2024 £ 650 650 |
|---|---|---|
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INCLUSIVE BOOKS FOR CHILDREN
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
11 Movement in Funds
| Unrestricted funds General Fund Total Funds Unrestricted funds General Fund Total Funds 12 Net assets by fund Current assets Current liabilities Total Funds Current assets Current liabilities Total Funds |
At 01/04/2024 £ 302,777 302,777 At 24/11/2022 £ - - |
Income £ 386,681 386,681 Income £ 562,616 562,616 |
Expenditure £ (274,462) (274,462) Expenditure £ (259,839) (259,839) Unrestricted Funds 419,796 (4,800) 414,996 Unrestricted Funds 303,427 (650) 302,777 |
At 31/03/2025 £ 414,996 414,996 At 31/03/2024 £ 302,777 302,777 419,796 (4,800) 414,996 303,427 (650) 302,777 At 31/03/2025 At 31/03/2024 |
|---|---|---|---|---|
13 Related party transactions
There were donations, including gift aid of £386,488 received from relatives of the trustees for the year ended 31 March 2025 (2024: £562,579).
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