Schoolreaders Annual Report 2022 : simplebooklet.com

Schoolreaders CIO for the year ended 31st August 2022Report of the TrusteesReference and Administrative Details Registered Charity Number 1159157 Principal and Administration Oﬃce Bedford Heights Brickhill Drive Bedford MK41 7PH Trustees Jane Whitbread - Chair Steven Bryan Lucinda Copeman - reappointed 28/2/23 Nicholas Froy - appointed 10/8/22 Alice Garnett - appointed 8/10/21 Rory Landman S. Alexandra Moore - resigned 23/11/21 Shannan Stevenson - Vice Chair - reappointed 17/10/21 Independent Examiner C Airey FCCA of George Hay Partnership LLP Chartered Accountants Brigham House 93 High Street Biggleswade Bedfordshire SG18 0LD Governing document Charitable Incorporated Organisation (CIO) - Foundation Registered 11 November 2014Bankers Barclays Bank 1 Stanhope Gate Mayfair London W1K 1AF CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ1

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Schoolreaders CIO for the year ended 31st August 2022Following two years of pandemic-related disruption to education, which particularly impacted the most disadvantaged children, Schoolreaders was able to rebuild its vital one-to-one in-school reading support throughout the year. The Omicron variant of Covid-19 caused some disruption during the autumn term, however on the whole it was a year of building back with an increased focus on reaching the most disadvantaged children. As schools tried to provide the catch-up support needed by so many children to become confident readers, the demand for our volunteers increased many fold. ! By the end of the year over 10,000 children were being supported in 608 schools across the nation with a one-to-one reading support session every week with a Schoolreaders volunteer. The charity is the largest in-school reading support charity in the country, reaching the most children with its proven, simple, cost-effective and highly scalable model. We remain a free provision for schools so that all children have the opportunity for this life-changing support. Our strategy of focusing on reaching the most disadvantaged children in the most deprived areas was successful. Of the 720 new volunteers placed this year, 41% were placed in the most deprived areas. 21/22 Headline facts Chair’s Report Report of the Trustees - continued2At year end, 10,100 children in 608 schools were receiving weekly reading support Schoolreaders is now the largest in-school reading support charity in the country, supporting more children individually every week237,190 reading sessions provided in 2021-221.5m reading sessions delivered since launch in 2013One in seven primary schools in England has requested a Schoolreaders volunteerStrategy of reaching many more disadvantaged children implemented (48% of children supported were on pupil premium, versus national average of 23%)Cost of just £52 to provide a child with reading support for an academic year87% of children increased their reading age speciﬁcally as a result of a Schoolreader’s support over one term, and 100% of children improved as a result of support over three terms

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Schoolreaders CIO for the year ended 31st August 2022Our simple model, with the high ratio of volunteers to staff of 130:1, means that we are highly cost-effective and can therefore reach many more children with our funding. Every £1 invested with the charity is leveraged several-fold. The approximate cost of providing a child with an individual reading support session every week of the school year was just £52 for the entire year*. This was slightly higher than previous years due to the additional time required placing our volunteers back into schools following school closures. It is also more time-consuming recruiting the schools and volunteers for the most deprived areas. With economies of scale, it is anticipated that the average cost will drop by approximately 20% in the next academic year to £42 per child per year. Impact and Outcomes Our annual impact and outcomes research, in partnership with the Institute for Research in Education at the University of Bedfordshire, once again showed outstanding results and confirmed the very significant impact of what we do. Schools deploy our volunteers for differing lengths of time depending on the support needs of the individual children. 87% of the children supported during the year increased their reading age specifically due to Schoolreader’s support; of those children supported for the full year 100% increased their reading age. In addition, 93% increased their reading confidence, 87% their reading enjoyment, 76% their reading fluency, and 68% benefitted from improved self-esteem. An interesting change on previous years is that the average time that our volunteers give has increased from 2.4 to 2.8 hours per week. This, combined with the fact that our volunteers commit to a minimum of a year, means that each volunteer is highly committed and they are able to build excellent long-term relationships with their school communities. This is extremely valuable to the schools and important for many of the children supported. It also means that schools are able to tailor the amount of support that each child gets per volunteer around the needs of the child. Schoolreaders does not prescribe the way that the volunteers are deployed. We believe that the teaching staff are the experts and know best their children’s individual needs. Our annual research confirms the efficacy of this model through the reading attainment, confidence, fluency and reading enjoyment results. ! Disadvantaged children The impact of the pandemic’s disruption to education on children’s reading has been assessed by a number of research bodies. Pre-pandemic, there was already a crisis in children leaving primary school not reading properly, with 1 in 4 children not meeting the expected standard. This has now worsened amongst the most disadvantaged groups of children (those on Pupil Premium). 3Report of the Trustees - continued* Cost calculated by full costs of year divided by number of children receiving weekly support at end August 2022. This makes allowance for volunteers who may have withdrawn and those that are at various stages of on-boarding.11 UK Government Statistics!at Key Stage 2. Updated Dec 2022

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Schoolreaders CIO for the year ended 31st August 2022The children that have been impacted the most are the 6-7 year olds. Only 51% of disadvantaged children in this age range are now reading at the expected level. The majority of our partner schools place our volunteers with children in these year groups, thereby helping them to catch up on reading skills and enabling them to take advantage of their broader primary school education. ! 32% of Schoolreaders volunteers are former educational professionals and support staff i.e. headteachers, teachers, governors and teaching assistants. Whilst this is not a requirement to become a Schoolreaders volunteer, and training is provided for all volunteers by our partner schools and with Schoolreaders’ own training platform, it is encouraging that the value of the Schoolreaders’ scheme is recognised and supported by so many qualified education professionals. ! Recent Government statistics show that only 10% of disadvantaged children who leave primary school not reading to the expected level will achieve a pass at GCSE in English and Maths. We will continue to prioritise supporting these disadvantaged children with the aim that they will leave primary school able to read well and thereby able to access their secondary school education and life’s opportunities. Without reading, they will find it hard to access learning, and their chances and fulfilment in life will be severely compromised. Collaborations We continued to work with literary festivals around the country providing the opportunity for hundreds of children to attend to meet leading children’s authors and listen to readings of their stories. Thanks to the generous gift from Moonlight Publishing we were able to provide 125 schools in the 20% most deprived areas of the country with high quality Key Stage 1 encyclopedias and books from the First Discovery Series at a total value of £23k. We worked alongside local community groups and sports teams to increase reach to the most disadvantaged children, building on existing networks. A number of our volunteers supported children’s reading throughout the school holidays through collaborations we set up with local holiday clubs. Resource and development A major new change this past year has been the development of the Business Support team, including IT, HR and Compliance. With the extremely professional and valuable pro-bono help of a consultant from the Cranfield Trust, a project was undertaken to assess our current needs and to future-proof the organisation with the correct business support resourcing and services. This has now been completed and the structure of the charity is more robust and efficient as a result. 4Report of the Trustees - continued2 3UK Government Statistics at Key Stage 1. October 2022 Ofsted report October 2022 - Supporting Struggling Readers in Secondary School 23

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Schoolreaders CIO for the year ended 31st August 2022Our fundraising resource has also been strengthened in order to help raise the funding required to run an expanded operation to help meet the increase in demand for our many reading volunteers. Finance Income for the year was £564,836 (£544,873 in 2021) and expenditure was £524,495 (£364,573 in 2021). Free reserves represent 8.2 months of budgeted operating costs for 2022/23, which is in line with the reserves policy of 6 to 9 months. Thank you We are indebted to thousands of supporters who have continued to volunteer and to fund us throughout the pandemic, with some funders providing double their normal support during these difficult years. As a result, Schoolreaders is in a strong position, with a healthy level of reserves in line with our reserves policy. The security this provides will enable us to continue developing in line with our growth strategy. We believe we must reach the children needing the vital provision of reading support before it is too late. A number of individuals and grant-makers have also committed to ongoing support and made advance pledges which provide us with the confidence to plan for the future. ! The children can only be reached thanks to the selfless time and dedication provided by the 1,000+ Schoolreaders volunteers who are in school every week. Over 10,000 children will have improved opportunities and life outcomes as a result of the weekly support our volunteers have provided this year. Our volunteers deserve enormous gratitude for their time and commitment of a minimum of a year’s support. Schools find this long-term, sustained presence an enormous benefit both to the school and to the individually-supported children, who develop a trusting relationship with the volunteers over time. Our volunteers become part of their school community. ! Lastly, thank you to our home team: our excellent staff, who are themselves committed to changing the state of poor child literacy in our nation; our valuable county team volunteers who give so much time and skill to support the charity; and to our excellent board of trustees for navigating the challenges of the past two years so well. Supporters frequently comment on the quality and balanced skills and expertise of the Schoolreaders Trustee Board. The future Schoolreaders is in an excellent position as we move into the new year, during which we will reach our 10th anniversary. Since Schoolreaders started 9 years ago, our volunteers have delivered an estimated 1.5 million individual reading support sessions to children! Over this period we have been able to develop our model in consultation with educational experts and demonstrate impact and outcomes with annual research 5Report of the Trustees - continued

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Schoolreaders CIO for the year ended 31st August 2022““Thank you so much for supporting us with the most disadvantaged children who get limited opportunities to read at home. This will really help improve life chances and give children the motivation to feel they can succeed. - Waterman Primary, Essex““I'd like to thank you for the excellent service and great volunteers we have. Our school recently scored 97% in our SATs Reading paper - the highest in our county. We feel that we are a community of readers and the volunteers make a huge contribution to the children's success. Thank you - Southill Primary, Dorsetwith the Institute of Research in Education. We have also been able to develop the structure and resource of the charity so that we are in a robust position, ready to expand strategically to meet the enormous need and demand for our service. Our plans for the 2022/23 academic year include growth to reach 18,000 children every week, with a strategic focus to reach the most disadvantaged children. ! As the child literacy charity providing the most children in school with weekly one-to-one reading support, it was a privilege recently to be invited to appear on BBC Breakfast television alongside a volunteer and well-known children’s author Michael Rosen to encourage more in-school volunteering from the public. This has been followed by a further 600 new volunteer applications.! We are looking forward to the future and anticipate providing over 500,000 individual one-to-one reading sessions to children in school over the 2023/24 academic year. 6Report of the Trustees - continuedJane Whitbread Chair of Trustees, March 2023

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Schoolreaders CIO for the year ended 31st August 2022The trustees present their report with the financial statements of the charity for the year ended 31st August 2022. The trustees have adopted the provisions and exemptions of the second edition of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in October 2019. The reference and administrative details on page 1 form part of this report. Objectives and activities Our vision is that every child should be given the opportunity to learn to read well. Without reading skills, a child is denied the gateway to learning and life opportunities are diminished. Even before the disruption to education caused by the pandemic, 1 in 4 children! were leaving primary school in England not reading to the expected level. This concerning statistic has worsened due to the education disruption caused by the pandemic. Children who cannot read properly on entering secondary school cannot access their education properly and will be disadvantaged for life. ! One of the reasons behind the poor literacy of many primary aged children is the lack of opportunity for reading support at home, and frequently at school if the child needs additional catch up support.! For the past nine years Schoolreaders has been placing volunteers into primary schools to listen to children read. Volunteers are assessed, interviewed and provided with support for this role. The service is free to schools in order to ensure that reading support is available to all children. This is particularly important as school budgets are under increasing pressure. ! The scheme is simple, effective, proven (as measured by our annual impact research with the Institute of Research in Education), cost-efficient and easy to roll out and scale-up. One in seven! primary schools in England have registered with Schoolreaders requesting our volunteers. Schoolreaders is supporting more children face-to-face every week than any other in-school literacy charity. By the end of the school year (July 2022), over 10,000 children across the nation were receiving an individual reading support session every week. This figure continues to grow and currently (as at March 2023) we are providing support to over 15,000 children. ! Reading support for children is needed more than ever. For example, literacy amongst six to eight year olds in England has declined to the lowest level in almost a decade following the disruption caused by the pandemic, with a drop from 75% in 2019 to 67% in 2022 of Key Stage 1 children reaching the expected standard of reading in SATs. The most disadvantaged children in this age group have been even more affected. Only just over half, 51%, reached their expected reading attainment level, down from 62% in 7Report of the Trustees - continued11 2 UK Government Statistics!at Key Stage 2. Updated Dec 22 UK Government Statistics at Key Stage 1. Oct 22 21

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Schoolreaders CIO for the year ended 31st August 20228Report of the Trustees - continued2019 pre-pandemic. This widening of the attainment gap between disadvantaged pupils and their peers underpins Schoolreaders’ strategy to focus on reaching the most disadvantaged children with vital reading support before their long-term attainment is affected. Sadly, the longer term effect can be seen in a recent government statistic showing that only 10% of disadvantaged (pupil premium) children that leave primary school not reading properly achieve a pass in English and Maths at GCSE. Everybody benefits from the Schoolreaders scheme: the children, the school, the volunteer, the community and society itself. Improving child literacy will ultimately result in improved adult literacy. Poor adult literacy in England is a very real issue. Currently one in seven adults in England is considered poorly literate, which means they are unable to read a bus timetable, a medicine packet or fill in a job application form. Poor literacy also contributes to some of society’s other major issues such as unemployment, homelessness, poverty, mental and physical health and crime (57% of England’s prisoners have a reading age of an 11 year old or less ). Face-to-face volunteering Our partner schools have confirmed that their preference, by far, is for face-to-face in-school volunteers. They report that the physical presence in school is important in helping the volunteer to develop a relationship and trust with the children. They particularly value the long-term commitment of the volunteers (who agree to a minimum of a year) as some children need long term support. This also enables the volunteers to become a part of the school community. Volunteers are recruited from the local community, are interviewed and assessed, and undertake an on-boarding programme. All partner schools agree to provide their safeguarding training and undertake the enhanced DBS clearance for the volunteers prior to the volunteers starting in school. The schools also provide reading support guidance and training tailored towards the children that the volunteer will be supporting. All volunteers complete mandatory Schoolreaders safeguarding guidance and have access to best practice reading support training and specialist tutorials in supporting children’s reading at Key Stage 1 and Key Stage 2, which include additional resources such as phonics training. Volunteers listen to children read in school on a one-to-one basis every week. Each school deploys the volunteers in accordance with the needs of the individual children in the school. Each school has different needs and it is not a ‘one size fits all’ for each child. 11 2 3 4UK Government Statistics!at Key Stage 2. Updated Dec 22 Ofsted report October 2022 - Supporting Struggling Readers in Secondary School National Literacy Trust Prison Education, A review of reading education in prisons, March 2022 ! 234

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Schoolreaders CIO for the year ended 31st August 20229Report of the Trustees - continuedThe school educational professionals are best placed to know their children’s needs. Volunteers join the scheme on the basis of supplying a minimum of one hour per week but the majority give a great deal more time. On average a Schoolreaders volunteer gives 2.8 hours per week throughout the academic year. We continue to support both our partner schools and our volunteers as their partnership progresses with termly communications, volunteer support forums, newsletters, mediation if necessary, and any ad hoc needs. Digital volunteering Digital volunteering was trialled during the pandemic. It had mixed success and involved significant resource on the part of the schools. A survey of our partner schools showed that 99% consider in-school volunteering to be the ‘gold standard’ and most effective form of one-to-one reading support. In addition to reading improvement it provides easier relationship building leading to increased enjoyment of reading and levels of self-esteem for the children. We have the ability to revert to digital volunteering if the environment requires it but will continue to promote face-to-face volunteering in the first instance wherever possible. Achievement and performance Over the 9 years since its inception in 2013, Schoolreaders has used a strategic approach to the charity’s growth, keeping overheads down where possible and steadily growing its structure as it extends its reach to more children in more areas of the country.! Apart from the disrupted years of the pandemic (during which alternative digital strategies were employed) the growth has been steady and underpinned with sustainable resource. The next part of the corporate structural development took place this year with the engagement of the Cranfield Trust who provided pro-bono expertise to develop the business support function for the charity. This was an extremely successful partnership: the business support function is now fully resourced, and the Cranfield Trust has continued to support the charity on work in other areas.

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Schoolreaders CIO for the year ended 31st August 202210Speciﬁc operational achievements versus objectives this year: Report of the Trustees - continuedObjectivePerformanceTo provide 12,000 children with weekly reading support by end August 2022 and prioritise the most disadvantaged children.• 10,100 children received one-to-one weekly face-to-face support in school by the end of August 2022. • The original target of 12,000 was not achieved due to the Omicron variant preventing volunteers being in school during parts of the autumn and spring terms. An additional factor was that fewer than expected pre-pandemic volunteers were able to return to their partner schools, so recruiting new volunteers became the priority for the academic year. • It is more challenging to place volunteers in schools in deprived areas which are often stretched managerially. To implement a new deprivation strategy in order to prioritise schools and children from disadvantaged areas of greatest need.• Achieved and implemented during the year.! 41% of new volunteers placed met the Schoolreaders deprivation criteria. This was successfully carried out by maximising the number of volunteer matches with schools in areas of high deprivation and providing additional support where needed to ensure volunteers are able to start as soon as possible. County development as part of Schoolreaders organisational plan and future expansion.• The county teams’ purpose, structure and effectiveness was reviewed. Additional capacity was recruited to provide extra support in key counties for volunteer recruitment, awareness raising and events. To further develop systems and efficiencies in the operational delivery of the volunteering process to improve delivery against targets and adapt to changes in the academic landscape.• Expanded and updated the Volunteer Management Plan. • Streamlined the DBS school confirmation process. • Updated mandatory safeguarding training on-line programme. • Retained the options of a remote digital solution and Storytime, both of which were adaptations in response to closed schools during the pandemic, in case of future need. To monitor the continued impact and effectiveness of the provision and take any learning to evaluate the model.• Carried out the fourth annual school and volunteer end of year impact survey in partnership with the Institute of Research in Education with a high return rate (>35%) and engagement from partner schools. Followed up all feedback requiring action and used the information to further improve the offer to schools. • Carried out the annual volunteer end of year impact survey with extremely high response rate of 580 volunteer respondents from the cohort. Followed up with all volunteers requiring action.

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Schoolreaders CIO for the year ended 31st August 202211Report of the Trustees - continuedObjectivePerformanceTo retain safeguarding as a top priority of the organisation.• Safeguarding was a fixed agenda item and reported on at every Senior Management, Trustee and Education and Safeguarding Advisory Group Meeting. To increase the resourcing of the charity to meet the strategic plan and growth of the charity.• A pro-bono partnership with the Cranfield Trust was extremely successful in reviewing the charity’s corporate structure and identifying the needs to future-proof it in light of anticipated increased demand and growth. In particular, the Business Support element of the charity was reviewed and additional resourcing identified. This resourcing has now been filled, again with the help of the Cranfield Trust. • Several new appointments were made during the year following a ‘freeze’ on recruitment during the pandemic years. • New appointments include: -2 new Senior Operations Co-ordinators -Fundraising Key Relationship Manager -Head of Business Support -IT and Systems Executive To further develop the fundraising strategy and ensure a financially sustainable model.• A new comprehensive fundraising strategy was developed and resources recruited in order to implement it. • All fundraising targets were met. • New multi-year funders made commitments. • Reserves were increased to remain in line with the 6-9 months of expected operating costs. Liaise with other literacy charities and education-related bodies to ensure a joined-up response and combine resource where possible.• Other literacy charities were contacted to discuss areas of collaboration and signposting. • Collaborations with other community groups and literary festivals continued eg. Oxford, Cambridge and Booktastic, enabling them to reach more children. • Participation with the Fair Education Alliance conferences and working groups.

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Schoolreaders CIO for the year ended 31st August 202212Report of the Trustees - continuedNumber of children receiving weekly one-to-one reading support, 2013 to 20223,0006,0009,00012,00015,0002013/142014/152015/162016/172017/182018/192019/202020/212021/222022/2318,00010,1003,63012,79010,5007,1002,9901,480707317Number of one-to-one reading sessions, 2013 to 2022 80,000160,000240,000320,000400,0002013/142014/152015/162016/172017/182018/192019/202020/212021/222022/23500,000237,19028,490272,570302,850182,29075,22036,41018,6605,870Impact and outcomes Number of children supported To date, our volunteers have given 1.5 million individual reading sessions TARGET>COVID PANDEMICschool closuresTARGET

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Schoolreaders CIO for the year ended 31st August 202213Report of the Trustees - continuedReading age improvement when support has been given for differing lengths of time15%36%39%10%With support for 3 termsimprovementimprovementimprovementimprovement1%26%50%22%1%No difference 1 month 1 to 3 months 3 to 6 months 6+ monthsWith support for 2 terms1%22%1%1%5%29%52%13%With support for 1 term5%1%Measuring both the impact and the provision of the scheme is a high priority for Schoolreaders. We have now worked in partnership with the Institute of Research in Education for several years and conduct an annual research survey of our schools and volunteers. We have 4 years of data. These have produced very consistent results across the years and the impact and outcomes are very pleasing. We have also learnt more about the volunteering experience and school requirements which has helped inform our model. 21/22 Results have shown: (these results came from 176 schools representing over 3,500 children supported)Reading age improvement • In our 21/22 research additional measurements were taken specifically to measure reading age improvement over differing periods of support: one term, two terms and three terms (i.e. the full academic year). For some children one term was sufficient to close the reading gap and help them catch up with their peers but for many it took two or three terms for them to improve their reading age sufficiently.

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Schoolreaders CIO for the year ended 31st August 2022• Support from Schoolreaders volunteers was shown to increase the reading age of 87% of the children that they support. Of those children who were supported over 3 terms, 100% increased their reading age: 51% by 3-6+ months and 49% by 1-3 months above the expected reading age improvement over the period supported. • The data shows that it is not a case of ‘one size fits all’. The fact that volunteers commit to a minimum of one year’s volunteering means that they are able to ‘be there’ to support the children needing help for longer periods. Other reading performance improvements 14Report of the Trustees - continuedReadingReadingReadingChildren's 68%76%87%93%conﬁdenceenjoymentﬂuencyself-esteemPrioritising the most disadvantaged children• 48% of the children supported by a Schoolreaders volunteer are Pupil Premium/eligible for free school meals, compared to a national average of 24%.48% Nearly half of all children supported by Schoolreaders receive pupil premium23%Nationally, around one quarter of children receive pupil premium

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Schoolreaders CIO for the year ended 31st August 202215Key facts from 2021-22Report of the Trustees - continuedSchoolreaders School Survey 2022, conducted in partnership with the Institute for Research in Education at the University of Bedfordshire. The survey was based on responses from 176 schools and 584 volunteers.We received 2,528 new volunteer applications in the 2021-22 academic yearWe have 2,163 partner schools in England. That’s one in seven, or 13% of all English primary schools99% of Schoolreaders volunteers would recommend becoming a Schoolreaders volunteer 48% of children supported were on pupil premium, versus a national average of 23%87% of children increased their reading age after 1 term of support from a Schoolreaders volunteer, and 100% increased their reading age after 3 terms of supportWe were supporting 10,100 children in 608 schools each week by the end of the 2021-22 academic year87% of volunteers rate their experience of volunteering with us as excellent or good237,190 one-to-one reading sessions were delivered in the 2021-22 academic yearOver 50% of Schoolreaders volunteers are retired educational professionals or have had other roles or volunteeredin a school beforeTeachers told us that 93% of children were more conﬁdent readers after receiving support from a Schoolreaders volunteer

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Schoolreaders CIO for the year ended 31st August 202216Report of the Trustees - continuedAdditional Beneﬁts In addition to reading improvement, schools report a number of significant secondary benefits to the children supported by a Schoolreaders volunteer, such as improved self-esteem, confidence, social skills and relationship building. They also report the importance of our volunteers as role models. For many children, the stability of consistent, one-to-one adult support is extremely valuable, especially for those that may not have this elsewhere. The fact that the volunteer has chosen to support the child voluntarily is also reported as having a positive effect, with the child and volunteer relationship being different to that with teaching staff. 2021-22 Volunteer results (from 584 volunteer respondents) Our Schoolreader’s volunteers are key in delivering the charity’s aim to improve children’s literacy and life chances. A great deal of time and stewardship is invested to ensure that our volunteers are equipped and feel confident in their role. Good communication is vital, and opportunities provided to our volunteers include: on-line new volunteer forums, in-person county volunteer get-togethers and a very active closed volunteer Facebook site where volunteers share their experiences with each other and can ask questions. ! Our end of year survey showed that the average time our volunteers spend in school each week has increased from 2.4 hours in 2019 to 2.8 hours. This is a significant investment of time which, alongside their minimum commitment of one year’s volunteering, provides a rich reading support resource to our partner schools and their children. ! Our volunteer retention year to year has always been high and this year is no exception. Results from over 500 volunteer respondents in our end of year volunteer survey show: • 95% of volunteers plan to continue volunteering with Schoolreaders in 2022-23. Unsurprisingly considering the volunteer satisfaction and retention: • 99.7% would recommend Schoolreaders to someone considering volunteering. • 87% of volunteers benefited from making a difference to the lives of others. • 77% felt an increased sense of value. Cost-efficiency and Value of the Schoolreaders Model The simple, scaleable, proven model of Schoolreaders is also extremely cost-effective due to the very high volunteer weighting. For every Schoolreaders staff member there are 130 volunteers (1:130). This means that every £1 invested in Schoolreaders is highly leveraged. It results in a very low cost per child supported. For the 2021/22 school year it cost just £52 to provide a child with a whole year’s weekly one-to-one reading support. This represents excellent value given the volunteering hours provided and will reduce further as we grow with economies of scale. If we were to monetise our volunteers’ hours, it would equate to £1.5m for the 2021/22 year. 1 In-school volunteers calculated at £10/hr equating to £1.1m, with additional £400k time by other volunteers delivering the model. 1

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Schoolreaders CIO for the year ended 31st August 2022““It has enabled children who don't have the same level of support at home as others, to read daily with an adult. It has improved their passion for reading and their progress. - Class teacher, Primary School, Bradford“““We really value the volunteers' support and I personally love to see the joy on their faces and the children's faces. So many children do not read with their parents any more as life seems so busy. It really boosts the children's conﬁdence and reading skills.- Headteacher, Primary School, LeicestershireSchool quotesReport of the Trustees - continued““We have a mix of readers in our school and inevitably lockdowns have led to some gaps inliteracy levels amongstour disadvantaged pupils. Reading aloud to an adult is especially important for looked-after children asthey don’t always have this at home.- Headteacher, Primary School, Sheffield17““Thank you for your ongoing support. Reading is the most important skill we can give children to improve their life chances. Your volunteers are an integral part in our drive to ensure all children leave our school as accomplished readers.  - Essex Partner School““This is an excellent scheme and we have benefitted enormously from it. The readers that we have are fantastic and are such a support to the children. We cannot thank you, and them, enough. - Wiltshire Partner School““As most of our volunteers are older, they feel like a grandparent figure which puts children at ease.- English Lead, Primary School, Dorset“Children that don't have the opportunity to read at home have someone to read to each week, and as they do it regularly a good relationship unfolds, and these children have someone to talk to about books, who shows a genuine interest in them and their ability to read.- Reading Lead, Primary School, Bradford! ““Our higher attaining pupils now have the opportunity to read and discuss books with an adult. These children have been overlooked in the past so it's great they have this opportunity. - English Lead, Primary School, Hertfordshire““The Dr Seuss saying, “The more that you read, the more things you will know” is very true! Reading is essential; it’s the key to everything in life. If you can read you can do anything. - Class teacher, Primary School, Bradford

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Schoolreaders CIO for the year ended 31st August 2022“““It has improved our struggling readers’ confidence, especially in boys. The children's love for reading culture has improved, as well as fluency and comprehension. - Literacy Lead, Primary School, Essex ““The Schoolreaders volunteers have a hugely positive impact in our school. They model reading for pleasure and the children thoroughly enjoy spending time with them. - Deputy Head, Primary School, Gloucestershire“It gives our struggling readers the chance to read to someone on a regular basis. It also provides these children with the chance to have informal 'chats' with those adults too which can prove invaluable in a world where the classroom is so focussed on fitting in everything we have to learn on our curriculum. As most of our volunteers are older, they feel like a grandparent figure to the children which puts the children at ease as well. They are encouraging and nurturing towards the children which, in turn, has a very positive effect on their reading skills.- English Lead, Primary School, Dorset““Jackie boosts the conﬁdence of the children with whom she works.They feel valued as an adult in school is able to give them the 1-1 time they richly deserve.One child commented that the words he reads in his books he tries to use in his writing.Music to my ears!- Assistant Head, Primary School, EssexSchool quotesReport of the Trustees - continued18““Schoolreaders make a huge difference and impact. The children love to read with them and they are engaged in reading with a different adult. It is almost a treat to go.- Assistant Head, Primary School, Buckinghamshire““The un-rushed time they give to the children while they hear them read definitely makes a big difference to the children's overall enjoyment and understanding. - Teaching Assistant, Primary School, Essex

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Schoolreaders CIO for the year ended 31st August 2022““I’ve actually been very impressed by how the children have come on in their reading in just a few months. Obviously, this varies across the board as the children do cross the attainment spectrum. It’s no problem though and I enjoy finding strategies to encourage each child individually and make them feel inspired by their reading.- Schoolreaders Volunteer, Sheffield““Havingrecently retired from nursing soon after my dear mum died, moving to a new area I thought I would give Schoolreaders a try. It has proved to be more rewarding experience than I ever would have imagined.- Schoolreaders Volunteer, Wiltshire“““The experience has, and continues to, change and enrich my life. The feedback from the school is wonderful and positive for myself and especially for the children. I am considered 'one of the team' which is wonderful.-Schoolreaders Volunteer, MerseysideVolunteer quotesReport of the Trustees - continued““Your organisation and what you do has such great purpose which absolutely should be celebrated.- Schoolreaders Volunteer, Bedfordshire19““A teacher friend of mine lit the ember which inspired me to volunteer. She said, ‘We need more people like you in schools to enthuse the children’. I wasn’t sure about calling schools up out of the blue, but I did some googling and came across Schoolreaders.- David, semi-retired, Norfolk“Te ac he rs are un de r so m uc h pre s su re i t’s ve r y ha rd f or t he m to have any length of time to listen to the children.I am 1 to 1 with each child and can give them my complete attention without having to worry about what the rest of the class is doing.- Schoolreaders Volunteer, Northamptonshire““To g ive c h il d re n t h e j oy of reading is immeasurable, it’s something to take through their whole lives. - Schoolreaders Volunteer, Bedfordshire ““I was deﬁnite I didn’t want a school in my own locality. I wanted to go somewhere where the kids aren’t reading well or don’t have stories read to them when they go home at night. - Alison, retired nurse, Sutton Coldfield““Part of my week I really look forward to. With other things going on in the world this is a little piece of happiness.- Schoolreaders Volunteer, Essex““I have also been able to see them all progress through the stages of their reading level which is very rewarding particularly as English is not their ﬁrst language.- Schoolreaders Volunteer, Cambridge““It is marvellous to know that something I enjoy so tremendously is making a diﬀerence. - Schoolreaders Volunteer, Devon

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Schoolreaders CIO for the year ended 31st August 2022““I like reading to Diane because she is kind and helps me understand the words I am reading. - Child, Primary School, LeicestershireQuotes from our beneﬁciaries, the childrenReport of the Trustees - continued20““We love reading to Mrs Philpott!- Children, Primary School, Hertfordshire““I really like sitting and reading with Miss because she smiles and likes to hear about what I've been doing.- Child, Primary School, Isle of Wight““- Child, Primary School, EssexShe is helpful and I can read longer books more quickly because she has helped me to get faster.““- Child, Primary School, EssexShe makes me feel good about my reading.Support from our donors and funders Trusts:““We have supported Schoolreaders on three occasions for the work that they do. The Trustees understand how important it is that all children should leave primary school able to read well, in the hope that they will be able to go on to the next stage of their education with the best start possible. They are delighted that the charity makes use of so many volunteers to read with children. The time spent with the children has a huge impact not only for them, their families, but also the volunteers who find their role extremely rewarding. The Covid pandemic underlined how valuable this work is and how easy it is for a child to fall behind without the encouragement that the Schoolreaders programme gives them.““Our trust supports projects in Essex and North East London. We have beendelighted to support the work of Schoolreaders in our communities, as it involves beneficiaries from across our priority areas. Placing local volunteers to helpchildren in local schools is simple, effective and has a positive outcome for allinvolved.““We have been supporting Schoolreaders work since they started nine years ago and have just made a new 3 year funding commitment. They have proven their impact in improving children’s reading performance every year and we have been impressed by their gradual strategic growth. It has been a pleasure partnering with them over this time and their feedback and reporting has been excellent.

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Schoolreaders CIO for the year ended 31st August 202221Report of the Trustees - continuedCompanies:““We have been supporting Schoolreaders since early 2022 and have renewed our partnership for 2023. As a business we want to be able to give back to our local and broader communities, whether this is through donating money or our time, we want to be able to make a difference. Supporting child literacy through our collaboration with Schoolreaders is one way in which we are fulfilling our Corporate Social Responsibility objectives.- Lucy Waller, Marketing Director, Kindred““We have supported Schoolreaders for several years. Their model is simple and effective, and we have seen the way the charity has grown and developed over time. There is a real synergy between our core business of helping children acquire fundamental numeracy skills, and Schoolreaders’ mission to improve levels of child literacy particularly for the most disadvantaged children. We are delighted to support their work.- Nicola Reddy, Chief of Operations, Maths Circle Ltd ““We have supported Schoolreaders since 2019 and have just renewed our three-year partnership, with an increased level of support. Literacy is a skill for life, and we can see directly how Schoolreaders is providing support in this important area to children in the communities around our logistics assets and workforce. Our partnership with Schoolreaders is enabling us to help drive social and economic value in our localities.- Alan Somerville, ESG Director, Tritax Management LLP

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Schoolreaders CIO for the year ended 31st August 202222Report of the Trustees - continuedWith thanks to:The Leicestershire and Rutland Community Foundation Through The John Salmon Fund for work in Leicestershire and Rutland The Bufﬁni Chao Foundation For work in LeicestershireThe J Reginald Corah Foundation Fund For work in Leicestershire and Rutland The Harpur Trust For work in Bedford BoroughTritax Big BoxMaths Circle Ltd Creators of Times Tables Rockstars and NumBotsThe Jack Lane Charitable Trust For work in North Wiltshire and South Gloucestershire Funding from Su!olk Community Foundation Through The Frank Jackson FoundationKindred The Dulverton Trust The Garﬁeld Weston FoundationCranﬁeld Trust

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Schoolreaders CIO for the year ended 31st August 202223Report of the Trustees - continuedPublic beneﬁt The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and have complied with the Charities Act 2011 in determining the activities planned by the charity. 1. The objectives of the charity are clear: to advance education by providing and assisting the provision of literacy support in such ways as the charity trustees think fit, including the provision of volunteers to primary schools to listen to pupils read and encourage their reading skills. 2. All aims and activities undertaken are intended to further Schoolreaders’ charitable objectives.! 3. The people who receive support are entitled to do so according to the criteria set out in the charity’s objectives. All of Schoolreaders’ work is focused on its target beneficiaries: children. Plans for 2022-23 Following the successful building back of our in-school volunteering model this year after the disruption of school closures caused by the pandemic, Schoolreaders is in a strong position to continue its growth in reaching the most disadvantaged children needing reading support. The Schoolreaders model has been proven and honed over nine years, is simple and scaleable, and the need and demand is great. We are ready to expand to reach as many children as our funding allows. Our plans for the year comprise: ! 1. Retain safeguarding as a top priority of the organisation. 2. Continue to evaluate and respond to shifts in the child literacy, education and literacy charity landscape. 3. Provide 18,000 children with weekly one-to-one in-school reading support by August 2023, prioritising the most disadvantaged children. • Implement the enhanced disadvantaged children support strategy in order to provide the children in greatest need with vital reading support. The target is for over 50% of children supported in the year ahead to be those on free school meals. • Focus volunteer recruitment on supplying volunteers to the targeted schools. • Devise further strategies to encourage key targeted schools to partner with the scheme.

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Schoolreaders CIO for the year ended 31st August 202224Report of the Trustees - continued•Expand Schoolreaders to 6 new counties: o!! Launch scheme in West Midlands, East Yorkshire, North Yorkshire, Lancashire, Warwickshire and Shropshire.! o!! Focus on selected target towns as defined by our deprivation strategy. •Liaise with other literacy charities and education-related bodies to ensure best practice, a joined-up response and combine resource where possible. •Continue collaboration and partnership with other organisations to ensure the greatest impact of our service. 4. Maintain an effective, practical reading support provision. •Continue to develop the operational systems and processes to further improve reading scheme efficiencies. •Retain dialogue with our various stakeholders to ensure that our provision is as close to ‘best practice’ as possible. •Nurture our volunteers through support, volunteer on-line forums, chat rooms and coffee mornings. •Look for learning and partnerships. •Support other literacy organisations with volunteers and counsel, where possible. •Plan and develop county operations to ensure effective volunteer and school recruitment. 5. Ensure the continued impact and effectiveness of the provision.! •Continue to carry out internal evaluation, surveys and research into the impact of our service in partnership with the Institute of Research in Education at the University of Bedfordshire, in order to further develop the Schoolreaders model and inform future strategy. •Increase operational resources to enable target growth for 22-23. •Carry out a third party research project with schools to gain a deeper understanding of Schoolreaders’ effectiveness. 6. Further develop our fundraising strategy and ensure a financially sustainable model.! •Explore new funding opportunities. •Seek to increase long-term funding commitments. •Carefully support and inform current funding partners. •Build reserves as necessary in line with our growth in accordance with the reserves policy.

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Schoolreaders CIO for the year ended 31st August 202225Report of the Trustees - continuedStructure, governance and management Organisation structure The charity is governed by a Board of Trustees who normally meet six times per year and attend an annual strategic planning meeting with the Senior Management Team. The trustees are responsible for ensuring that the charity is well-managed and operates in line with its objectives, the law and its budget. When necessary, the trustees seek advice and support from the charity's professional advisers. A trustee can hold office for a period of three years and may be re-appointed if they remain appropriately qualified for the role. ! There is a Senior Management Team of five (including a trustee and supported by a consultant) who manage and run the charity on a daily basis including the roles of: schools liaison, education, fundraising, volunteer management, marketing and PR, finance, design and IT. There are a number of specialist advisors and sub-committees supporting the operation. ! The charity is very volunteer weighted and benefits from volunteer support ranging from trustee and advisory roles to executive involvement, county-centric planning and operations, and of course our Schoolreaders reading volunteers, without whose commitment and time none of the operation would happen. ! Schoolreaders is registered with the Fundraising Regulator and follows their Fundraising Code of Practice. Our governance and compliance processes include the protection of personal data under GDPR regulations. We are extremely grateful for all of the support we receive and treat our donors with respect, being mindful never to put undue pressure on them during our interactions. We did not undertake any cold-calling fundraising. Key management personnel The board considers that the CEO and Senior Management Team are responsible for directing and operating the charity on a day-to-day basis. Salary and remuneration of key personnel is reviewed annually in line with industry benchmarking. Recruitment and appointment of new trustees The identification of potential new trustees is carried out by the board, the aim being to appoint those with the appropriate expertise and experience for the charity's work. New trustees are appointed in line with the Safer Recruitment process and are thoroughly briefed on the history of the charity, the responsibilities of the trustees, current objectives, future plans and the day-to-day management.

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Schoolreaders CIO for the year ended 31st August 202226Report of the Trustees - continuedRisk management The trustees have identified and assessed the principal risks to which the charity may be exposed and are satisfied that there are strategies and procedures in place to monitor and mitigate these risks as far as possible. ! A risk register and map is maintained, measuring the weight and likelihood of a risk occurring. This is reviewed regularly by the Senior Management Team and annually by the trustees and by exception should the risk environment change significantly. The principal risks that have been identified and assessed regularly are: • Governance and management – this considers risks associated with strategic direction, management and performance including the skills and training of the trustees. • Operational – this looks at the risks inherent in the charity's activities, including external factors such as the impact of the pandemic on in-school volunteering and the recruitment and management of volunteers and schools.! The priority in this area is the safeguarding of children. • Financial - this includes risks regarding budgetary control, fundraising, expenditure, cashflow and reserves. • Laws and regulations - this looks at the risks associated with compliance and non-compliance of internal and external laws and regulations, including government policies. • External – this looks at the risks associated with changes outside the control of the charity including environmental and economic changes. Financial review Financial summary There was a net increase in funds for the year of £40,341 (2021 £180,300). Income for the year was £564,836 (2021 £544,873). Total expenditure for the period was £524,495 (2021 £364,573). At the end of the financial year unrestricted reserves are £546,028 (2021 £424,709). Of these, free reserves are £529,976 (2021 £385,836). Donated services Schoolreaders has benefitted greatly from the kindness and generosity of many people and organisations who have given their time, expertise and wisdom across a variety of disciplines and areas of operation allowing the organisation to thrive. We are extremely grateful to each and every one.! Along with our very high volunteer to staff ratio of 130:1,

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Schoolreaders CIO for the year ended 31st August 202227Report of the Trustees - continuedthis means that we are able to operate in a highly cost efficient manner with low overheads. The combined value of all our volunteers’ time, at every level of the organisation, is valued at over £1.5million per annum. Reserves policy The trustees keep the reserves policy for the charity under review in light of its growth, future plans and financial risks. The reserves target is to maintain free reserves at between 6 and 9 months’ average budgeted operating costs. These reserves include only realised, unrestricted reserves and therefore exclude restricted or other designated funds or grants pledged but not yet received. Free reserves at 31st August 2022 were equivalent to 8 months’ average expected operating costs for the forthcoming year. The trustees consider the current level of reserves as prudent and sufficient given the charity’s growth and the current economic climate. Statement of Trustees’ responsibilities The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. ! The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.! In preparing those financial statements, the trustees are required to ! •select suitable accounting policies and then apply them consistently; •observe the methods and principles in the Charity SORP; •make judgements and estimates that are reasonable and prudent; •prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. ! The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for 1 In-school volunteers calculated at £10/hr equating to £1.1m, with additional £400k time by other volunteers delivering the model. 1

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Schoolreaders CIO for the year ended 31st August 202229Report of the Independent ExaminerI report on the accounts for the year ended 31!August 2022 set out on pages thirty to forty-two. Respective responsibilities of Trustees and Examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the Charities Act)) and that an independent examination is required. It is my responsibility to: •examine the accounts under Section 145 of the Charities Act •to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act); and •to state whether particular matters have come to my attention. Basis of the Independent Examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below. Independent Examiner's statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that, in any material respect, the requirements •to keep accounting records in accordance with Section 130 of the Charities Act; and •to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. C Airey FCCA of George Hay Partnership LLP Chartered Accountants Brigham House, 93 High Street Biggleswade, Bedfordshire SG18 0LD Date:Signed:25th April 2023

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Schoolreaders CIO for the year ended 31st August 202230Statement of Financial ActivitiesFor the year ended 31st August 2022Year endedYear ended2022202220222021UnrestrictedRestrictedTotal FundsTotal FundsNote££££IncomeGrants & donations2310,752194,498505,250483,752Donations from fundraising events245,541-45,54158,093Interest income340-34043Income from other trading 313,705-13,7051,770Other income4---1,215Total income370,338194,498564,836544,873ExpenditureRaising funds114,01731,732145,749110,043Charitable activities5135,002243,744378,746254,530Total expenditure249,019275,476524,495364,573Net income and net movement in funds for the year121,319(80,978)40,341180,300Reconciliation of FundsTotal funds brought forward424,709170,355595,064414,764Total funds carried forward546,02889,377635,405595,064

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Schoolreaders CIO for the year ended 31st August 202231Comparative Statement of Financial ActivitiesYear endedYear ended2021202120212020UnrestrictedRestrictedTotal FundsTotal FundsNote££££IncomeGrants & donations2190,487293,265483,752 468,435Donations from fundraising events248,09310,00058,09333,515Interest income43-43431Income from other trading activities31,770-1,770-Other income41,215-1,2153,502Total income241,608303,265544,873505,883ExpenditureRaising funds77,63732,406110,04388,422Charitable activities568,610185,920254,530221,294 Total expenditure146,247218,326364,573309,716Net income and net movement in funds for the year95,36184,939180,300196,167Reconciliation of FundsTotal funds brought forward329,34885,416414,764218,597Total funds carried forward424,709170,355595,064414,764For the year ended 31st August 2021

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Schoolreaders CIO for the year ended 31st August 202232Balance SheetAt 31st August 20222022202220222021UnrestrictedRestrictedTotal FundsTotal FundsNote££££Fixed assetsTangible fixed assets1012,489-12,48911,401Current assetsDebtors1110,5051,29511,80045,870Stock3,563-3,5632,096Cash at bank and in hand12527,13697,561624,697558,337541,20498,856640,060606,303CreditorsAmounts falling due within one year137,6659,47917,14422,640Net current assets533,53989,377622,916583,663Total assets less current liabilities546,02889,377635,405595,064Net assets546,02889,377635,405595,064FundsUnrestricted funds14546,028424,709Restricted funds1489,377170,355Total funds635,405595,064The financial statements were approved by the Board of Trustees on 24th April 2023 and were signed on its behalf by: Jane Whitbread, Trustee

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Schoolreaders CIO for the year ended 31st August 202234Notes to the Financial StatementsFor the year ended 31st August 20221. Accounting Policies Basis of preparation The financial statements have been prepared under the historical cost convention in accordance with the Statement of Recommended Practice. The charity meets the definition of a public benefit entity under FRS 102. Statement of compliance The financial statements have been prepared in accordance with 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) (second edition - October 2019) (effective 1 January 2019) – (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011). Going concern The accounts have been prepared on a going concern basis. Income All income, including grant income receivable in future accounting periods, is included on the Statement of Financial Activities when the charity is entitled to the income, it is probable that it will be received, and the amount can be quantified with reasonable accuracy. Expenditure and allocation and apportionment of costs Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Fundraising costs are those costs attributable to generating income for the charity. The costs of charitable activities comprise all costs incurred in the pursuit of the charitable objectives of the charity. Support costs are those costs which do not relate to a single activity and have been apportioned between fundraising costs and charitable activities on a basis consistent with the use of resources. 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. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

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Schoolreaders CIO for the year ended 31st August 202235Notes to the Financial Statements - continuedFor the year ended 31st August 2022Gifts in kind Donated goods received to give away are recognised in income and expenses at fair value. Tangible assets Tangible assets are initially recorded at cost (or donated value) and are subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Fixtures, fittings and equipment – 3 years straight line. Stock Stock is valued at the lower of cost and net realisable value. Debtors Debtors are recognised at their settlement amount, less any provisions for non-recoverability.! Prepayments are valued at the amount prepaid.! They are 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. Taxation The charity is exempt from corporation tax on its charitable activities. Liabilities & creditors Liabilities & creditors are recognised when the entity has an obligation to transfer economic benefits as a result of past transactions or events. Pension costs The Charity contributes to a defined pension contribution scheme for the benefit of its employees. Contributions are recognised in the financial statements when due.

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Schoolreaders CIO for the year ended 31st August 202236Notes to the Financial Statements - continuedFor the year ended 31st August 2022Year ended 31.08.19Year ended 31.08.2231.08.21UnrestrictedRestrictedTotalTotalFundsFundsFundsFunds££££Grants244,675181,248425,923406,603Donations60,65213,25073,90268,269Gift Aid5,425-5,4258,880Grants and donations310,752194,498505,250474,872Fundraising events45,541-45,54158,093356,293194,498550,791541,8452. Voluntary incomeJack Lane Charitable Trust-500500500Leicestershire & Rutland Community Foundation-3,0003,0003,000Buffini Chao Foundation-5,0005,0005,000J Reginald Corah Foundation Fund-1,2001,200750Funding from Suffolk Community Foundation through : Frank Jackson Foundation-5,0005,000-Garfield Weston Foundation40,000-40,000-The Dulverton Trust25,000-25,000-Other179,675166,548346,223397,353244,675181,248425,923406,603Grants received and due, included in the above, are as follows:

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Schoolreaders CIO for the year ended 31st August 2022Year ended 31.08.22Year ended 31.08.21Unrestricted FundsRestricted FundsTotal FundsTotal Funds££££Income from events: auction and ticket sales11,647-11,647-Sales of Christmas cards2,058-2,0581,77013,705-13,7051,7703. Income from other trading activities37Notes to the Financial Statements - continuedFor the year ended 31st August 2022Year ended 31.08.22Year ended 31.08.21Unrestricted FundsRestricted FundsTotal FundsTotal Funds££££Income received through Coronavirus Job Retention Scheme---1,2154. Other incomeYear ended 31.08.22Year ended 31.08.21UnrestrictedRestrictedTotalTotalFundsFundsFundsFunds££££Provision of Schoolreaders service*:Service delivery72,041155,706227,747141,289Service management13,08927,69440,78338,384Financial management7,4016,47013,8718,437Office and other staff costs18,76830,80449,57227,915Printing & marketing2,3882,6715,0599,840Computer & database costs9,2529,85619,10812,668Governance costs:Financial management11,2159,80321,01814,983Insurance8487401,5881,014135,002243,744378,746254,5305. Charitable activities*Analysis includes allocation of support and governance costs. Service delivery includes gifts in kind of £22,898 (2021: nil).

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Schoolreaders CIO for the year ended 31st August 20226. Expenditure analysisYear ended31.08.22Raising fundsSchoolreaders serviceSupportGovernanceTotal£££££Service delivery79,776214,54018,290-312,606Service management21,98940,783--62,772Financial management--19,20829,10648,314Office and other staff costs6,91446,2114,652-57,777Printing & marketing2,5545,059--7,613Computer & database costs1,46915,3285,233-22,030Events & other fundraising costs11,183---11,183Insurance---2,2002,200123,885321,92147,38331,306524,495Support costs13,16434,219(47,383)--Governance costs8,70022,606-(31,306)-Total expenditure145,749378,746--524,4958. Staﬀ costs£Gross salaries299,259Social Security costs13,266Pension contributions5,950318,475The average number of employees in the year was 15 (2021 - 10).! !!!! No employees had emoluments in excess of £60,000 (2021 – none). Total employment benefits of key management personnel were £65,901 (2021 £43,720). Total staff costs paid in the year are as follows (2021 -! £209,112): 38Notes to the Financial Statements - continuedFor the year ended 31st August 2022Net income is stated after charging:£ Depreciation4,472Independent Examiner fees1,236 5,7087. Net income

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Schoolreaders CIO for the year ended 31st August 202239Notes to the Financial Statements - continuedFor the year ended 31st August 202211. Debtors UnrestrictedRestrictedTotal FundsTotal FundsFundsFunds31.08.2231.08.21££££Debtors and accrued income10,5051,29511,80045,870Cost£At 1 September 202115,693Additions6,515At 31 August 2022(3,948)18,260DepreciationAt 1 September 20214,292Disposals(2,993)Charge for the year4,472At 31 August 20225,771Carrying AmountAt 31st August 202212,489At 31st August 202111,40110. Tangible assets9. Trustees’ remuneration and beneﬁtsThere were no trustees' remuneration or other benefits for the year ended 31 August 2022 (2021 £Nil). Trustees' expenses amounting to £Nil were paid during the year ended 31 August 2022 (2021 £Nil).

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Schoolreaders CIO for the year ended 31st August 202240Notes to the Financial Statements - continuedFor the year ended 31st August 202220222021Total FundsTotal Funds ££Net income/(expenditure) 40,341180,300Adjustments for: Depreciation charges 4,4722,231Loss/(profit) on disposal of fixed assets955346Interest (340)(43)(Increase)/decrease in stock(1,467)(2,096)(Increase)/decrease in debtors34,07099,279Increase/(decrease) in creditors(5,496)(6,649)Net cash provided by/(used in) operating activities72,535273,36812. Reconciliation of net income (expenditure) to net cash ﬂow from operating activities20222021Total FundsTotal Funds ££Cash in hand624,697558,337Total cash and cash equivalents624,697558,337Analysis of cash and cash equivalents13. Creditors: amounts falling due within one yearUnrestrictedRestrictedTotal FundsTotal FundsFundsFunds31.08.2231.08.21££££Creditors and accruals7,6659,47917,14422,640

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Schoolreaders CIO for the year ended 31st August 202241Notes to the Financial Statements - continuedFor the year ended 31st August 202214. Movement in fundsNet movementAt 31.08.21in fundsAt 31.08.22£££Unrestricted fundsGeneral fund424,709121,319546,028Restricted fundsTotal170,355(80,978)89,377TOTAL FUNDS595,06440,341635,405Balance atIncomeExpenditureBalance at31.08.2131.08.22££££Unrestricted funds424,709370,338(249,019)546,028Restricted funds:Bedfordshire12,54010,900(13,437)10,003Bristol6,7195,500(12,219)-Buckinghamshire-28,498(20,272)8,226Cambridgeshire-2,250(2,250)-Essex46015,000(15,460)-Leicestershire5,2949,000(12,583)1,711Lincolnshire-9,500(9,411)89Norfolk1,89812,000(13,898)-Sheffield (S Yorkshire)-5,350(3,003)2,347Staffordshire6,667-(6,667)-Other Counties-51,000(51,000)-Future expansion75,000-(25,000)50,000Staff wellbeing807-(807)-Rent8028,668(9,470)-County Coordinator-12,500(7,664)4,836Operations Coordinators60,16824,332(72,335)12,165Total restricted funds170,355194,498(275,476)89,377TOTAL FUNDS595,064564,836(524,495)635,405Net movement in funds, included in the above, are as follows:

Schoolreaders Annual Report 2022

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