**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 1 ## **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:| 2 |||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| 5 |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| 6 |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| 7 ## **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** 8 ## **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)** **----- Start of picture text -----**
Date 7/11/2025
**----- End of picture text -----**
10 ## **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: - 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 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 11 ## **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. 12 ## **INCLUSIVE BOOKS FOR CHILDREN** ## **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 13 **INCLUSIVE BOOKS FOR CHILDREN** ## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |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| **----- End of picture text -----**
14 **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. 15 **INCLUSIVE BOOKS FOR CHILDREN** ## **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. 16 ## **INCLUSIVE BOOKS FOR CHILDREN** ## **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** 17 ## **INCLUSIVE BOOKS FOR CHILDREN** ## **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| |---|---|---| 18 ## **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| |---|---|---| 19 ## **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). 20