Children's Book Project - Signed 2025 Accounts - Flipbook - Page 15
Review of the charity’s financial position
The Trustees meet 3 times a year with the basis to review the financial status. A brief financial overview /
status is also shared with the Trustees by email every 6 weeks during school term times. Trustees have
reviewed the charity’s financial position at the end of the financial period, with the following commentary:
Income and expenditure
Total income increased from £363k to £583k, a rise of 60%. This rise was primarily due to the increased
success in securing grant income and large individual corporate donations. These streams have been
further supported by a rise in corporate volunteering and match funding support £46k via The Big Give.
Total expenditure of £478k represents a 91% increase on prior year, reflecting the growth in services
delivered over the year and the increase in staff costs of £134k required to deliver these services (2025:
£260k 2024: £126k)
We ended the year with total Cash in Bank of £378k, including a reserves account balance of £163k.
Generous support from Literacy Capital continues to represent a large proportion of total income for
the financial year (17%) but this has reduced from prior year (25%) representing our continued
diversification of income to prevent an over reliance on any single donor . We aim to continue
diversifying income through existing channels and engagement with new supporters.
Reserves policy
The Trustees duly consider the uncertainties around funding when setting the Charity’s reserves policy.
The Trustees aim to generate reserves that are sufficient to underpin the commitment to the continued
growth and development of our services. As such the Charity’s reserves policy states that we aim to
have 5 months’ forecast expenditure over the coming 12 months.
As a result of the growth of the charity's range and scale of activities, the Trustees consider the
minimum level of unrestricted reserves should be increased this year to £278k. The accounts show
unrestricted reserves at 30 June 2025 of £304k, in line with this policy . In addition, the charity had
restricted funds of £15k at 30 June 2025.
Annual Report & Financial Statements for year ended 30 June 2025 |
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