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2025-03-31-accounts

Coram Beanstalk

Annual Report and Financial Statements

31 March 2025

Company Limited by Guarantee Registration Number 02101719 (England and Wales) Charity Registration Number 296454

Contents

Reports

Reports
Reference and administrative information 1
Chairman’s statement 2
Trustees’ report 3
Independent auditor’s report 13
Financial statements
Statement of financial activities 18
Balance sheet 19
Statement of cash flows 20
Principal accounting policies 21
Notes to the financial statements 25
Appendix
Comparative statement of
financial activities 30
Comparative notes to the
financial statements 31

Coram Beanstalk

Reference and administrative information

Patron Her Majesty The Queen
Trustees Jill Pay (Chairman)
Hanif Barma (Treasurer)
Saana Karki
Sharon Lambert
Philip Nelson
Stefano Maifreni
Company Secretary Dr Carol Homden CBE
Senior Management Team
Coram Beanstalk Head of Service Amy Lewis
Managing Director of Education and Wellbeing Harriet Gill
Company registration number 02101719 (England and Wales)
Charity registration number 296454
Registered office Coram Campus
41 Brunswick Square
London
WC1N 1AZ
Auditor Buzzacott Audit LLP
130 Wood Street
London
EC2V 6DL
Bankers National Westminster Bank plc
Moorgate Branch
94 Moorgate
London
EC2M 6UR
CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

Coram Beanstalk 1

Chairman’s statement Year to 31 March 2025

I am delighted to present this year’s Trustees Annual Report, reflecting a period of progress and innovation at Coram Beanstalk, alongside an inevitably challenging environment of everdeclining school budgets and clear evidence that many children no longer choose reading as a positive activity.

This year Coram Beanstalk supported some 7,000 children in 629 Early Years, Primary, and Secondary settings. This would not have been possible without the generous support of our partners, the dedication of over 1,200 volunteers and the commitment of the entire Coram Beanstalk staff team who deliver on our mission to help children become confident, capable readers—laying the foundations for lifelong learning and opportunity.

We have responded proactively to sector-wide challenges, including financial pressures in schools, by introducing a ‘subscription-based model’ that offers greater value and broader access to reading-for-pleasure resources. This strategic shift ensures our sustainability while enhancing the support we offer to whole school communities.

With persistent absence affecting 1 in 5 pupils, Government has rightly prioritised school attendance as a key issue of our times and we know that children are more likely to attend school if they feel a sense of belonging and can identify a trusted adult in school. It is important to note therefore that 64% of Coram Beanstalk schools report improved pupil attendance linked to our support, and that 86% of pupils supported by a Beanstalk volunteer reading helper make progress against age-related expectations.

The year was also marked by our enhanced external profile and campaigning work, including our campaign film showing that Life Changes When you Choose Reading. We launched The Literacy Link, as a new collaborative network of 38 organisations committed to tackling the literacy crisis and are preparing for a further period of collaboration with the sector and campaigners supporting this vital work.

As we face the challenge of a generation growing up in a digital age and without a love of reading, our work has never been more urgent. We remain committed to innovation, collaboration, and evidence-led practice to ensure every child has the opportunity to become a reader.

On behalf of the Board of Trustees, I extend heartfelt thanks to our staff, volunteers, partners, and supporters. Your dedication enables us to build brighter futures - one book, one child, one connection at a time.

Jill Pay Chairman of the Board of Trustees

Coram Beanstalk 2

Trustees’ report Year to 31 March 2025

The Trustees, who are the directors for company law purposes, present their report and financial statements of Coram Beanstalk for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out on pages 18 to 29 and comply with the charitable company’s Memorandum and Articles of Association, applicable law and Accounting and Reporting by Charities: Statement of Recommended Practice (the Charities SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

This report has been prepared in accordance with Part VIII of the Charities Act 2011.

Scope of the financial statements

The annual report and financial statements are in respect to Coram Beanstalk as a standalone charity only.

Coram Beanstalk is part of the Coram Group. The Thomas Coram Foundation for Children (Coram), Registered Charity No. 312278, which is the ultimate controlling party, consolidates the financial statements of Coram Beanstalk with its own and those of other group members.

Coram Beanstalk has a wholly owned subsidiary company, VRH Trading Limited (Company Registration Number 02835527) which was dormant throughout the period.

Objectives and activities

Coram Beanstalk’s objective is to advance the education of children particularly by helping them to overcome reading difficulties. The main activity of the charity is to provide one-to-one literacy support to children aged 3 to 13 years old. Our volunteer reading helpers work with children who are falling behind with their reading to improve their literacy as well as their communication skills and confidence. The schools we work with pay a contribution to Coram Beanstalk for high quality, good value and bespoke reading support.

Public benefit

The Trustees have had regard to the Charity Commission’s guidance on public benefit when considering the charitable company’s aims and achievements.

Coram Beanstalk has made available resources and helpful information online to teachers and parents to reach children who do not benefit from our one-to-one support. During 24-25 we have created resources each term to share with our partner schools, and also summer reading challenges to keep children engaged during the school holidays We have continued our Book of the Month selection to showcase books that promote our approach and have developed activity sheets for the World Book Day 2025 £1 books.

Volunteers and Donated services

We are truly grateful to all of our volunteers who donate their time every week to support children with their literacy skills and without whom we would not be able to provide such a vital service.

Coram Beanstalk 3

Trustees’ report Year to 31 March 2025

We are also extremely thankful to the various organisations and individuals who have financially supported us and hosted Coram Beanstalk meetings throughout the period, provided us with invaluable legal and other advice across a variety of subjects and kindly donated prizes for fundraising events.

Achievements and performance 2024-25

Our programmes continue to bring one-to-one reading support to children across Early Years, Primary and Secondary education stages. During the last year we’ve worked with 629 schools and 1,291 volunteers to bring in-person support to 7,002 children and young people.

"After I attend my son love the reading books. I am so proud of him and learnt so many things from this session.” Parent

Books Together

In Early Years, our parental engagement programme Books Together, developed with Coram Family and Childcare has brought book-based activity sessions to parents and their young children in 6 London boroughs. We have reached 104 families with this approach, many of whom may not otherwise engage with this type of provision.

All participants enjoyed the sessions and planned to use the activities designed to build emergent literacy skills at home. To continue expansion of this programme we are developing a ‘train the trainer’ model, which will allow us to reach even more children before they begin their formal schooling.

Reading Helpers

"The children's confidence and enthusiasm with reading is growing each week...it's making a real difference.” Deputy Headteacher

In Primary schools, our one-to-one reading helper programme remains our key mode of engagement. In our most recent survey,

In response to a decline in school numbers, with over two-thirds of withdrawals due to financial pressures, we have revised our pricing structure. Our new subscription-based model offers greater value for money. Alongside one-to-one support, schools access events and readingfo-pleasure resources for their whole community.

Coram Beanstalk 4

Trustees’ report Year to 31 March 2025

Achievements and performance 2024-25 (continued)

"Student reading ages improved after 10 weeks on the programme. We noticed a significant difference in fluency and comprehension skills." English Lead

Reading Leaders

In Secondary schools, we trained 560 Reading Leaders to bring benefits for both younger and older pupils through structured peer mentoring. 97% of KS4/5 students we worked with felt being a reading leader helped them evidence skills and experience that will support applications for further/ higher education and 90% of the 633 KS3 pupils supported improved their reading fluency and comprehension skills.

We are seeing repeat bookings each year with the programme being embedded into the school day. In the last year, we had 52% of schools return to us to train a new cohort of reading leaders, with 64% of new bookings as a result of word-of-mouth recommendations.

Volunteers

Our volunteers are at the heart of our charity and without their time and dedication, we would be unable to deliver our one-to-one support in primary schools. In the last year, we received 1,602 applications to volunteer and progressed 416 of these through our initial training. 98% found the training useful and 94% of schools say volunteers show expertise in their role.

"I came away from the conference determined to create an atmosphere that inspires the children to want to read for pleasure." Volunteer

At the start of the academic year, we hosted our second hybrid conference to inspire our returning volunteer community. To develop skills we have provided resources, author talks, learning and development sessions and facilitated the growth of volunteer led, in-person meet-ups. 99% of volunteers value their connection to the charity and nearly all would recommend us to a friend.

Coram Beanstalk 5

Trustees’ report Year to 31 March 2025

Achievements and performance 2024-25 (continued)

"The reading helpers build a bond with the children, having someone who cares and returns each week has just as much value as reading with them." Volunteer

Primary school children

Data captured for our annual survey showed that most reading helpers are supporting three or four children per year with over half attending twice a week and the remainder attending once a week whilst schools are open. 10% are working with younger children in reception and year 1 with a broadly even split with the remaining helping years 2 - 6.

Schools select the children we work with. In 24/25 the profiles of the children supported showed that 80% were on free school meals, 20% had English as an additional language and 51% were receiving special educational needs support with 6% of these having an educational health care plan in place.

Profile

In September we launched our ‘Reading as an activity choice’ report that showed that reading is the least likely activity for children to choose do in their free time. To help improve this we launched our ‘Life changes when you choose reading’ campaign with a beautiful film and stories of our reading community. This increased brand awareness, resulting in a 26% increase in volunteer applications.

We engaged with World Book Day 2025, developing activity sheets for each of the £1 World Book Day books, have continued to promote our Book of the Month plus a range of resources to support reading in the home, and were once again the charity partner of The Bright ’ Agency’s annual Alligator s Mouth book award.

The Literacy Link

In 2024 National Literacy Trust’s annual survey showed a worrying decline in reading enjoyment: only 1 in 3 (34.6%) children and young people said they enjoy reading, the lowest level since they first asked the question in 2005. This, along with other recent evidence, including our own, shows that we are currently raising a generation that are not becoming readers. With a wealth of evidence of the benefits of reading for pleasure including its impact on wellbeing, social skills, social mobility and empathy, this is a potential crisis for society.

At Coram Beanstalk we recognise that no single organisation can tackle this alone and we have a duty to collaborate. In 2024 we spearheaded the launch of The Literacy Link to connect organisations to support, collaborate and inspire children’s reading engagement. 66 senior representatives from 38 organisations attended the network launch event hosted by The Mercers Company earlier this year.

During the next year we will build on this momentum to extend the network and create action to create better futures for children together.

Coram Beanstalk 6

Trustees’ report Year to 31 March 2025

Risk management

The Trustees have identified the major risks to which the charity may be exposed and consider that the systems in place are adequate to mitigate those risks. The Trustees have formalised procedures in place for reviewing risks each year. The key risks that the charity faces, along with the relevant mitigating actions, are:

Financial review and reserves policy

Total income for the year ended 31 March 2025 was £763,455 (2024 - £830,321) and expenditure in the same period totalled £882,619 (2024 - £832,130). Coram Beanstalk, therefore, made an overall deficit for the year of £119,164 (2024: deficit of £1,809). The increase in deficit this year was mainly as result of a decrease in fundraising income and school contributions compared to the prior year and an increase in expenditure on staff costs as investment was made in additional headcount to deliver the charity’s strategy.

Coram Beanstalk aims to hold a reserve of six months’ budgeted expenditure as its general reserve. This will:

Coram Beanstalk 7

Trustees’ report Year to 31 March 2025

Financial review and reserves policy (continued)

At the end of the 2024/25 financial year our total unrestricted funds stood at £562,854. General reserves of £39,651 are held as designated funds to be used for the purpose of investment in specific projects which will increase our sustainability. With the exclusion of reserves represented by fixed assets and designated funds, the free reserves of the charity at 31 March 2025 were £523,203 (2024: £492,559) compared to a target of £412,556.

Trustees recognise the need to regularly monitor reserves alongside financial performance to ensure an adequate level of reserves is maintained. This policy will be reviewed annually in the light of (i) any gap between target and actual reserves, (ii) progress with any actions which may be required to ensure adequate reserves are maintained and (iii) changing uncertainties in the external environment.

What we will do in the year 2025/26

We have an increasing need to reinvigorate our service to respond to the changing circumstances of schools and volunteers. Collaboration will be key to development. In 2025/26 we will maintain delivery of our core programmes and gather insights from schools and The Literacy Link network to inform our longer-term strategy

Annually, we are reaching over 7,000 children and young people across our Early Years, Primary and Secondary programmes. The outcomes from this are very positive and we have a wealth of stories about the difference we make to individual children.

Although the current climate is buffeting us, we do know that the need for one-to-one inperson support for children is essential. In an increasingly digital world the time and attention for the children we reach is vital and we must continue to provide this, whilst in tandem future proofing the charity with a more innovative approach to extend reach.

We will refresh and revitalise our website to better align with the Coram group and share our stories, bringing the child’s voice to the forefront of our communications with fresh imagery and filmed footage to showcase our work in action.

We will initiate a project to gather the input of school leaders to explore current gaps in provision. This in conjunction with knowledge gained from The Literacy Link network will allow us to put our knowledge and experience within the reading for pleasure space to the most effective use.

We believe that there is an opportunity to work with schools to provide a wider solution to engage their wider community in creating a positive reading culture. Many schools will have parents or community members giving their time, however few have effective training or support programmes in place to ensure this capacity is deployed to maximise impact, resulting in a missed opportunity for children.

Coram Beanstalk 8

Trustees’ report Year to 31 March 2025

What we will do in the year 2025/26 (continued)

We will explore the potential for a solution to equip these volunteers with our knowledge and expertise. As well as providing a solution for schools this may also provide a way to engage with the people who apply to volunteer with us that we cannot currently take forward.

We will look to extend our work with the most vulnerable children residing in care, bringing a more tailored service to them in their schools via development of a bespoke programme.

Structure, governance and management

Coram Beanstalk was established in 1973. The organisation is a charitable company limited by guarantee, incorporated on 19 February 1987, Company Registration Number 02101719 (England and Wales) and registered as a charity on 4 July 1991 Charity Registration Number 296454).

The company is established under a Memorandum of Association which sets out the objects and powers of the charitable company The company is governed under its Articles of Association which were last amended on 1 February 2019.

On 1 February 2019 Beanstalk amalgamated with Coram. From this date Coram became the sole member of Beanstalk and Beanstalk became a direct subsidiary of Coram. The company’s name from this date changed to Coram Beanstalk.

Coram Beanstalk operates in line with the group approach with Coram Beanstalk trustees able to participate in relevant sub-committees of the parent trustee board including membership of the Audit Committee by the Coram Beanstalk Treasurer.

As a result of Coram Beanstalk becoming part of the Coram Group, all support functions are provided by Coram (with costs recharged to Coram Beanstalk) and Coram Beanstalk operates according to group-wide policies and procedures. Compliments and complaints are dealt with in accordance with our Compliments and Complaints Policy, which can be found at https://www.beanstalkcharity.org.uk/compliments-and-complaints-policy.

Key management personnel

Key management personnel are defined as the Trustees, the Coram Group CEO, the Coram Beanstalk Head of Service and the Managing Director of Education and Wellbeing. Details of the remuneration of key management personnel and other information on staff costs is set out in Note 5 to the financial statements.

The remuneration of key management personnel is based on an internal assessment of the scope of the individual role and an individual’s performance within that role. Internal benchmarking is conducted to ensure that remuneration levels within the Coram Group are consistent for the level of responsibilities. Remuneration is agreed by the Coram Group Directors consisting of the Chief Executive, Chief Finance Officer and the Director of People and Compliance.

None of the Trustees received any remuneration.

Coram Beanstalk 9

Trustees’ report Year to 31 March 2025

Structure, governance and management (continued)

Recruitment and training of trustees

Trustees are appointed via the Coram Nominations Committee for a four-year term which is renewable for one further term. The Chair is appointed by the Coram board from amongst their number. All new Trustees undergo an induction programme which incorporates a history of the charity, review of its work including the current challenges faced by the charity, its governance structure, and their individual roles and responsibilities and have access to development training.

At least one Trustee on the Board is always a trained Reading Helper. Trustees hold ‘away days’ which are held to consider strategic issues and determine future activity. The Trustees maintain a good working knowledge of charity and company law and regularly review their breadth of skills and organisational development needs.

Trustees are also directors for the purposes of company law. The Trustees who served during the period and up to the date on which this report was approved were as follows:

Trustee

Jill Pay (Chairman) Hanif Barma (Treasurer) Saana Karki Sharon Lambert Stefano Maifreni Philip Nelson

Equality, Diversity and Inclusion (EDI)

We realise that being an organisation that is equal, diverse and inclusive is something to constantly work towards. The commitment to diversity was a strong characteristic in the results of the Investors in People reaccreditation which was awarded at Gold Award standard in 2023, recognising the high level of engagement of staff with strategy and the organisational values, and its leadership. EDI remains a key priority in our development.

Fundraising

Coram Beanstalk is part of the Coram charitable group, and fundraising activities are undertaken and assured by the central fundraising department. As the parent charity, Coram is registered with the Fundraising Regulator and adheres to the Fundraising Code of Practice. Our Privacy Policy can be found on our website at www.coram.org.uk/privacy. There were no complaints made to Coram Beanstalk in the year. If you have any comments or concern, please contact fundraising@coram.org.uk.

Coram Beanstalk 10

Trustees’ report Year to 31 March 2025

Statement of Trustees’ responsibilities

The Trustees (who are also directors of Coram Beanstalk for the purposes of company law) are responsible for preparing the Trustees’ Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the income and expenditure of the charitable company for that period.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Each of the Trustees confirms that so far as they are aware:

Coram Beanstalk 11

Trustees’ report Year to 31 March 2025

Statement of Trustees’ responsibilities (continued)

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

This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.

Approved by the Board of Trustees and signed on their behalf by:

Jill Pay Chairman of the Board of Trustees

Date: 10[th] September 2025

Coram Beanstalk 12

Independent auditor’s report 31 March 2025

Independent auditor’s report to the member of Coram Beanstalk

Opinion

We have audited the financial statements of Coram Beanstalk (the ‘charitable company’) for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows, the principal accounting policies and the notes to the financial statements. The financial reporting framework that has been applied in their preparation is 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).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Coram Beanstalk 13

Independent auditor’s report 31 March 2025

Other information

The other information comprises the information included in the Annual Report and Financial Statements, other than the financial statements and our auditor’s report thereon. The Trustees are responsible for the other information contained within the Annual Report and Financial Statements. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Coram Beanstalk 14

Independent auditor’s report 31 March 2025

Responsibilities of Trustees

As explained more fully in the statement of Trustees’ responsibilities contained within the Trustees’ report, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

Coram Beanstalk 15

Independent auditor’s report 31 March 2025

Auditor’s responsibilities for the audit of the financial statements (continued) We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Coram Beanstalk 16

Independent auditor’s report 31 March 2025

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Gumayel Miah (Senior Statutory Auditor) For and on behalf of Buzzacott Audit LLP, Statutory Auditor 130 Wood Street

London EC2V 6DL

Date: 30 October 2025

Coram Beanstalk 17

Statement of financial activities Year to 31 March 2025

(incorporating the income and expenditure account)

Notes
Unrestricted
funds
£		 Restricted
funds
£
Designated
funds
£		 2025
Total
funds
£		 2024
Total
funds
£
Income from:
Donations, grants and legacies
1
Charitable activities
. School’s contributions
Interest receivable
Other sources
Total income
Expenditure on:
Raising funds
. Fundraising activities
Charitable activities
. Advancing the education of
children
Total expenditure
2
Net expenditure
4
Transfer between funds
Net movement in funds
Reconciliation of funds:
Balance brought forward at 1
April 2024
Balance carried forward at 31
March 2025
261,019
456,013
6,643
3,294		 36,486
—
—
—		 —
—
—
—		 297,505
456,013
6,643
3,294		 322,307
499,429
8,585
—
726,969 36,486 — 763,455 830,321
84,430
761,703		 —
36,486		 —
—		 84,430
798,189		 89,661
742,469

846,133		 36,486 — 882,619 832,130

(119,164)
149,808		 —
—		 —
(149,808)		 (119,164)
—		 (1,809)
—
30,644
492,559		 —
—		 (149,808)
189,459		 (119,164)
682,018		 (1,809)
683,827
523,203 — 39,651 562,854 682,018

All of the charity’s activities derived from continuing operations during the above two financial periods.

The charity has no recognised gains and losses other than those shown above.

A full comparative statement of financial activities is included in the appendix to these financial statements.

Coram Beanstalk 18

Balance Sheet 31 March 2025

Notes
2025
£		 2025
£		 2024
£		 2024
£
Fixed assets
Investment in subsidiary
6
Current assets
Debtors
7
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due
within one year
8
Net current assets
Total net assets
The funds of the charity:
Restricted funds
9
Unrestricted funds
. General funds
9
. Designated funds
9
Total funds

25,570
740,635		 5,000
557,854		 143,264
805,393		 5,000
677,018
766,205

(208,351)		 948,657
(271,639)


523,203

39,651		 492,559
189,459
562,854 682,018
—
562,854		 —
682,018
562,854 682,018

Approved by the Trustees of Coram Beanstalk (Company Registration Number 02101719 (England and Wales)), and signed on their behalf by:

Jill Pay Chairman of the Board of Trustees

Approved on: 10[th] September 2025

Coram Beanstalk 19

Statement of cash flows Year to 31 March 2025

Notes
2025
Total
funds
£		 2024
Total
funds
£
Cash flows from operating activities:
Net cash used in operating activities
A
Cash flows from investing activities:
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at 1 April 2024
B
Cash and cash equivalents at 31 March 2025
B
**(71,401) **		 (46,517)


6,643		 8,585
6,643 8,585

(64,758)


805,393
 (37,932)
843,325

740,635		 805,393

Notes to the statement of cash flows for the year to 31 March 2025

A
B
C		 Reconciliation of net expenditure to net cash flows from operating activities
2025
Total
funds
£
2024
Total
funds
£
Net movement in funds (as per the statement of financial
activities)
(119,164)
(1,809)
Adjustments for:
Interest receivable
(6,643)
(8,585)
Decrease in debtors
117,694
2,914
Decrease in creditors
(63,288)
(39,037)
Net cash used in operating activities
(71,401)
(46,517)
Analysis of cash and cash equivalents
2025
£
2024
£
Total cash and cash equivalents:Cash at bank and in hand
740,635
805,393		 Reconciliation of net expenditure to net cash flows from operating activities
2025
Total
funds
£
2024
Total
funds
£
Net movement in funds (as per the statement of financial
activities)
(119,164)
(1,809)
Adjustments for:
Interest receivable
(6,643)
(8,585)
Decrease in debtors
117,694
2,914
Decrease in creditors
(63,288)
(39,037)
Net cash used in operating activities
(71,401)
(46,517)
Analysis of cash and cash equivalents
2025
£
2024
£
Total cash and cash equivalents:Cash at bank and in hand
740,635
805,393		 Reconciliation of net expenditure to net cash flows from operating activities
2025
Total
funds
£
2024
Total
funds
£
Net movement in funds (as per the statement of financial
activities)
(119,164)
(1,809)
Adjustments for:
Interest receivable
(6,643)
(8,585)
Decrease in debtors
117,694
2,914
Decrease in creditors
(63,288)
(39,037)
Net cash used in operating activities
(71,401)
(46,517)
Analysis of cash and cash equivalents
2025
£
2024
£
Total cash and cash equivalents:Cash at bank and in hand
740,635
805,393		 Reconciliation of net expenditure to net cash flows from operating activities
2025
Total
funds
£
2024
Total
funds
£
Net movement in funds (as per the statement of financial
activities)
(119,164)
(1,809)
Adjustments for:
Interest receivable
(6,643)
(8,585)
Decrease in debtors
117,694
2,914
Decrease in creditors
(63,288)
(39,037)
Net cash used in operating activities
(71,401)
(46,517)
Analysis of cash and cash equivalents
2025
£
2024
£
Total cash and cash equivalents:Cash at bank and in hand
740,635
805,393		 Reconciliation of net expenditure to net cash flows from operating activities
2025
Total
funds
£
2024
Total
funds
£
Net movement in funds (as per the statement of financial
activities)
(119,164)
(1,809)
Adjustments for:
Interest receivable
(6,643)
(8,585)
Decrease in debtors
117,694
2,914
Decrease in creditors
(63,288)
(39,037)
Net cash used in operating activities
(71,401)
(46,517)
Analysis of cash and cash equivalents
2025
£
2024
£
Total cash and cash equivalents:Cash at bank and in hand
740,635
805,393		 Reconciliation of net expenditure to net cash flows from operating activities
2025
Total
funds
£
2024
Total
funds
£
Net movement in funds (as per the statement of financial
activities)
(119,164)
(1,809)
Adjustments for:
Interest receivable
(6,643)
(8,585)
Decrease in debtors
117,694
2,914
Decrease in creditors
(63,288)
(39,037)
Net cash used in operating activities
(71,401)
(46,517)
Analysis of cash and cash equivalents
2025
£
2024
£
Total cash and cash equivalents:Cash at bank and in hand
740,635
805,393		 Reconciliation of net expenditure to net cash flows from operating activities
2025
Total
funds
£
2024
Total
funds
£
Net movement in funds (as per the statement of financial
activities)
(119,164)
(1,809)
Adjustments for:
Interest receivable
(6,643)
(8,585)
Decrease in debtors
117,694
2,914
Decrease in creditors
(63,288)
(39,037)
Net cash used in operating activities
(71,401)
(46,517)
Analysis of cash and cash equivalents
2025
£
2024
£
Total cash and cash equivalents:Cash at bank and in hand
740,635
805,393
Net movement in funds (as per the statement of financial
activities)
Adjustments for:
Interest receivable
Decrease in debtors
Decrease in creditors
Net cash used in operating activities		 (119,164)
(6,643)
117,694
(63,288)		 (1,809)
(8,585)
2,914
(39,037)
(71,401) (46,517)
Analysis of cash and cash equivalents
Total cash and cash equivalents:Cash at bank and in hand		 2025
£		 2024
£
740,635 805,393
Analysis of changes in cash and cash equivalents
At 1
April
2024
£
Total cash and cash equivalents:Cash at
bank and in hand
805,393		 Cash
flows
£

Other
non-cash
flows
£		 At 31
March
2025
£
Total cash and cash equivalents:Cash at
bank and in hand		 805,393 (64,758) — 740,635

Coram Beanstalk 20

Principal accounting policies 31 March 2025

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are laid out below.

Basis of preparation

These financial statements have been prepared for the year to 31 March 2025 with comparative information provided in respect to the year ended 31 March 2024.

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 accounting policies below or the notes to these financial statements.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements are presented in sterling and are rounded to the nearest pound.

Critical accounting estimates and areas of judgement

Preparation of the financial statements requires the Trustees and management to make significant judgements and estimates. The key items in the financial statements where these judgements and estimates have been made include;

Assessment of going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The Trustees have made this assessment in respect to a period of at least one year from the date of approval of these financial statements.

The Trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The Trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

Basis of consolidation

Coram Beanstalk is part of a larger group and its ultimate controlling party, Coram, consolidates the financial statements of Coram Beanstalk with its own and those of other group members.

Coram Beanstalk 21

Principal accounting policies 31 March 2025

The financial statements of Coram Beanstalk and its subsidiary are not consolidated as its subsidiary, VRH Trading Limited, was dormant in the period and its results are immaterial.

Income recognition

Income is recognised in the period in which the charity is entitled to the income and the amount can be measured reliably and it is probable the income will be received. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor or funder has specified that the income is to be expended in a future accounting period.

Income comprises donations, grants, schools contribution income and interest receivable.

Grants and donations are recognised when the charity has confirmation of both the amount and settlement date. In the event of donations and grants pledged but not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Legacies are included in the statement of financial activities when the charity is entitled to the legacy, the executors have established that there are sufficient surplus assets in the estate to pay the legacy, and any conditions attached to the legacy are within the control of the charity. Entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, but the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title of the asset having being transferred to the charity.

Schools contribution income is recognised to the extent that it is probable that the economic benefits will flow to the charity and the revenue can be measured reliably. Income is measured at the fair value of the consideration received or receivable. Amounts received in advance are treated as deferred income within creditors.

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.

Coram Beanstalk 22

Principal accounting policies 31 March 2025

Volunteers and donated services and facilities

The value of services provided by volunteers is not incorporated into these financial statements.

Where services are provided to the charity as a donation that would normally be purchased from suppliers, this contribution is included in the financial statements as both income and expenditure at its estimated fair value based on the value of the contribution to the charity. There were no such donations during the year.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to make a payment 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.

All expenditure is accounted for on an accruals basis. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated or apportioned to the applicable expenditure headings. The classification between activities is as follows:

All expenditure is stated inclusive of irrecoverable VAT.

Allocation of support and governance costs

Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment.

Governance costs comprise the costs involving the public accountability of the charity (including audit costs) and costs in respect to its compliance with regulation and good practice.

Support costs and governance costs are apportioned using percentages based on the direct expenditure incurred on the activities of the charity.

Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

Investment in subsidiary

The charity’s investment in its wholly owned trading subsidiary is included on the balance sheet at cost.

Coram Beanstalk 23

Principal accounting policies 31 March 2025

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short term deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Fund accounting

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.

Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds comprise monies set aside out of unrestricted general funds for specific future purposes or projects.

Pensions

Contributions to employees’ personal pension plans and defined contribution pension schemes are charged to the statement of financial activities when they are payable to the plan or scheme. The charity has no liability beyond making its contributions and paying across the deductions for the employees’ contributions.

Coram Beanstalk 24

Notes to the financial statements 31 March 2025

1 Income from donations, grants and legacies

Income from donations, grants and legacies
Donations and grants:
. Anonymous donation
. DHL UK Foundation
. Constance Travis Charitable Trust
. Very Group
. Pears Foundation
. Grants and donations of less than £25,000 each
. The Garfield Weston Foundation
. Harrison-Frank Family Foundation		 Unrestricted funds
2025
£		 2024
£
—
—
60,000
—
40,000
81,019
50,000
30,000		 —
—
50,000
76,400
40,000
123,121
—
—
261,019 289,521

The above table shows unrestricted income only. Restricted income is shown in note 9.

2 Expenditure

Expenditure
Direct
Staff
costs
(note 5)
£		 Other
direct
costs
£		 Support
staff costs
(note 5)
£		 Other
support
costs
(note 3)
£		 Gover
-nance
costs
(note 3)
£		 2025
Total
£
2024
Total
£
Cost of raising funds
Fundraising activities
Charitable activities
Advancing the education of
children		 —
476,670		 62,500
100,211		 6,978
53,223		 14,327
163,319		 625
4,766		 84,430
89,661
798,189
742,469
476,670 162,711 60,201 177,646 5,391 882,619
832,130

3 Governance and other support costs

Governance and other support costs
2025
£		 2024
£
Governance costs
Audit fees
Other support costs
Technology costs
Indirect staff costs, including training, travel and subsistence costs
Premises related costs
Consultancy
Other
Intercompany service charge		 7,420 12,150
7,420 12,150
44,774
10,946
9,253
—
20,926
91,746		 31,422
9,790
8,700
—
30,724
84,861
177,645 165,497
185,065 177,647

Coram Beanstalk 25

Notes to the financial statements 31 March 2025

4 Net (expenditure)/ income for the year and net movement in funds This is stated after charging:

This is stated after charging:
2025
£		 2024
£
470,916
12,150
Staff costs (note 5)
Auditor’s remuneration – audit fees		 536,872
7,420

5 Staff costs

Staff costs were as follows:

Salaries and wages
Social security costs
Pension contributions
Apprenticeship Levy		 2025
Total
funds
£
471,610
37,870
27,331
536,872
—
536,872		 2024
Total
funds
£
412,918
33,840
24,140
470,898
18
470,916

The average monthly number of employees during the year was as follows:

2025
No.
22
1
23		 2024
No.
19
1
20
Services (provision of charitable activities)
Central Office

The number of employees whose remuneration was £60,000 per annum or more (excluding employer’s pension contributions but including taxable benefits) during the period was as follows:

2025
number		 2024
number
£60,001 - £70,000 1 1

Employer pension contributions totalling £3,078 (2024 – £6,542) were made in respect to the above employee during the year.

Key management personnel are defined as the Trustees, the Coram Group CEO, the Coram Beanstalk Head of Service and the Managing Director of Education and Wellbeing.

The remuneration of key management personnel is based on an internal assessment of the scope of the individual role and an individual’s performance within that role. Internal benchmarking is conducted to ensure that remuneration levels within the Coram Group are consistent for the level of responsibilities. Remuneration is agreed by the Coram Group Senior Management Team consisting of the Chief Executive, Chief Finance Officer and the Director of Operations.

Coram Beanstalk 26

Notes to the financial statements 31 March 2025

The total remuneration (including taxable benefits and employer’s pension and national insurance contributions) of the key management personnel of the charity was £60,202 (2024: £66,342).

No Trustee received any remuneration during the year (2024 - £nil). No Trustee (2024 - £nil) was reimbursed for travel expenses.

6 Investment in subsidiary

Investment in subsidiary
2025
£		 2024
£
Investment in VRH TradingLimited at cost 5,000 5,000

The subsidiary, VRH Trading Limited a company incorporated in England (Company Registration Number 02835527), has an allotted share capital of 5,000 ordinary £1 shares of which 4,999 were issued at par to Coram Beanstalk (formerly Volunteer Reading Help trading as Beanstalk). The remaining £1 share is held in trust for the charity. The company was dormant throughout the period.

Details of amounts shown in the financial statements of VRH Trading Limited at 31 March 2025 were as follows:

2025
£		 2024
£
Capital and reserves 5,000 5,000
Debtors 2025
£		 2024
£
School contributions and similar debtors
Amount owed from group undertakings
Amount owed from Fellow subsidiaries
Other debtors and prepayments		 9,595
701
378
14,896		 109,530
17,985
—
15,749
25,570 143,264

Coram Beanstalk 27

Notes to the financial statements 31 March 2025

8 Creditors: amounts falling within one year

Creditors: amounts falling within one year
2025
£		 2024
£
3,617
10,767
8,185
17,150
231,920
271,639
Expense creditors
Taxation and social security
Amount due to schools (refunds)
Other creditors and accruals
Deferred income (see below)		 3,949
11,148
2,500
13,878
176,876
208,351

Deferred income relates to school contributions received in relation to the subsequent financial year:

2025
£
2024
£
Balance at 1 April 2024
Amounts deferred in current period
Amounts released to income
Balance at 31 March 2025		 231,920
268,442
176,876
231,920
(231,920)
(268,442)
176,876
231,920

9 Movements in funds

Movements in funds
At 1
April
2024
£		 Income
£		 Expenditure
£		 Transfers
£		 At 31
March
2025
£
Restricted funds
Liverpool Charities & Voluntary Services
The Symondson fund
John Priestman Charity Trust
The E L Rathbone Charitable Trust
Total restricted funds
Unrestricted funds
General funds
Designated funds
. Subsidiary share capital
. Future projects
Total unrestricted funds
Total funds		 —
—
—
—		 2,000
26,486
5,000
3,000		 (2,000)
(26,486)
(5,000)
(3,000)		 —
—
—
—		 —
—
—
—
— 36,486 (36,486) — —
492,559
5,000
184,459		 726,969
—
—		 (846,133)
—
—		 149,808
—
(149,808)		 523,203
5,000
34,651
682,018 726,969 (846,133) — 39,651
682,018 763,455 (882,619) — 562,854

Restricted funds

Liverpool Charities & Voluntary Services supports our volunteer reading programmes in schools in the Liverpool area through named funds.

The Symondson Fund supports our volunteer reading programmed in schools in the Preston and Blackpool area.

Coram Beanstalk 28

Notes to the financial statements 31 March 2025

9 Movements in funds (continued)

Restricted funds (continued)

John Priestman Charity Trust supports our one-to-one reading support in Sunderland.

The E L Rathbone Charitable Trust supports of expanding our one-to-one reading support on Merseyside.

Designated funds

Future Projects

Funds to be used for the purpose of investment in training and business development staff resources, over the next three to five years, which will increase the sustainability of the charity.

10 Analysis of net assets between funds

Analysis of net assets between funds
Restricted
funds
£		 Un-
restricted
funds
£		 Total
funds
£
Investments
Net current assets
Creditors: payable within one year		 —
—
—		 5,000
766,205
(208,351)		 5,000
766,205
(208,351)
— 562,854 562,854

11 Related party transactions

The financial statements do not include disclosure of transactions between Coram Beanstalk and Coram or any fellow subsidiary entities. As a 100% controlled subsidiary undertaking, Coram Beanstalk is exempt from the requirement to disclose such transactions under Financial Reporting Standard 102 Section 33.

During the period of report, there were no other transactions with related parties (2024: none).

12 Ultimate parent undertaking

The Thomas Coram Foundation for the Children (‘Coram’), a registered charity with Charity Registration Number 312278, is the sole member of Coram Beanstalk.

13 Liability of member

The charity is constituted as a company limited by guarantee. In the event of the charity being wound up, the member is required to contribute an amount not exceeding £1.

14 Taxation

Coram Beanstalk is a registered charity and, therefore, is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

Coram Beanstalk 29

Appendix:

Comparative statement of financial activities Year to 31 March 2024

Notes Unrestricted
funds
£
Restricted
funds
£		 Designated
funds
£
2024
Total
funds
£
Income from:
Donations, grants and legacies
1
Charitable activities
. Advancing the education of children
Interest receivable
Other sources
. Coronavirus Job Retention Scheme
Total income
Expenditure on:
Raising funds
. Fundraising activities
Charitable activities
. Advancing the education of children
Total expenditure
2
Net expenditure
4
Transfer between funds
Net movement in funds
Reconciliation of funds:
Balance brought forward at 1 April 2023
Balance carried forward at 31 March 2024		 289,521
499,429
8,585
—
—
32,786

—

—

—

—		 —
322,307
—
499,429
—
8,585
—
—
—
—
797,535
32,786		 —
830,321
89,661
709,683
—

32,786		 —
89,661
—
742,469
799,344
32,786		 —
832,130
(1,809)
68,044
—

—		 —
(1,809)
(68,044)
—
66,235
426,324
—

—		 (68,044)
(1,809)
257,503
683,827
492,559
—		 189,459
682,018

Coram Beanstalk 30

Appendix:

Comparative notes to the financial statements Year to 31 March 2024

2 Expenditure

Direct Staff
costs
(note 5)
£		 Other direct
costs
£		 Support
staff costs
(note 5)
£		 Other
support
costs
(note 3)
£		 Gover
-nance
costs
(note 3)
£		 2024
Total
£
Cost of raising funds
Fundraising activities
Charitable activities
Advancing the education of
children		 —
404,557		 68,076
115,491		 9,558
56,801		 10,277
155,220		 1,750
10,400		 89,661
742,469
404,557 183,567 66,359 165,497 12,150 832,130

9 Movements in funds

At 1
April
2023
£		 Income
£		 Transfers
£
Expenditure
£		 At 31
March 2024
£
Restricted funds
Liverpool Charities & Voluntary Services
The Symondson fund
French Huguenot Church of London CT
Birmingham and Coventry Trust
Total restricted funds
Unrestricted funds
General funds
Designated funds
. Subsidiary share capital
. Future projects
Total unrestricted funds
Total funds		 —
—
—
—		 2,500
26,486
2,800
1,000		 —
(2,500)
—
(26,486)
—
(2,800)
—
(1,000)		 —
—
—
—
— 32,786 —
(32,786)		 —
426,324
5,000
252,503		 797,535
—
—		 68,044
(799,344)
—
—
(68,044)
—		 492,559
5,000
184,459
683,827 797,535 —
(799,344)		 682,018
683,827 797,535 —
(799,344)		 682,018

Restricted funds

Porticus UK funds the Impact on Literacy Levels Comparison Study. This study will evaluate the impact of reading support to children.

Rank Foundation funds the Creating Readers training course for those who wish to support children’s reading development.

Coram Beanstalk 31

Appendix:

Comparative notes to the financial statements Year to 31 March 2024

9 Movements in funds (continued)

Restricted funds (continued)

John Lyon's Charity funds our London Reading Project. Taylor Family Foundation funds the recruitment and training of volunteers to deliver one-to-one reading support to disadvantaged children in Bromley, Croydon, Kingston upon Thames, Merton and Sutton over the 2022/2023 academic year.

ICAP Charity Day funds the development of a pilot maths programme.

Pears DCMS Volunteering Futures Fund funds new volunteer development work in three geographic areas of unmet need and high levels of deprivation, building networks and creating community-specific content.

10 Analysis of net assets between funds

Restricted
funds
£		 Un-
restricted
funds
£		 Total funds
£
Investments
Net current assets
Creditors: payable within one year		 —
—
—		 5,000
948,657
(271,639)		 5,000
948,657
(271,639)
— 682,018 682,018

Coram Beanstalk 32