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Company limited by guarantee

Company Registration Number:
12594043 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

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Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

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Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principle activity of the company is supporting children with learning to read.



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Linda Janet Thomas


The director shown below has held office during the period of
19 March 2024 to 31 March 2024

Mrs Rachel Corocran


The director shown below has held office during the period of
6 March 2024 to 31 March 2024

Miss Rosaline Hilton


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 March 2025

And signed on behalf of the board by:
Name: Linda Janet Thomas
Status: Director

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Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 130,113 89,969
Cost of sales: ( 9,749 ) ( 13,334 )
Gross profit(or loss): 120,364 76,635
Administrative expenses: ( 138,731 ) ( 74,864 )
Operating profit(or loss): (18,367) 1,771
Profit(or loss) before tax: (18,367) 1,771
Tax: 287 ( 287 )
Profit(or loss) for the financial year: (18,080) 1,484

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Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 332 606
Total fixed assets: 332 606
Current assets
Stocks: 4 200 550
Debtors: 5 244
Cash at bank and in hand: 11,580 35,730
Total current assets: 11,780 36,524
Creditors: amounts falling due within one year: 6 ( 18,025 ) ( 24,963 )
Net current assets (liabilities): (6,245) 11,561
Total assets less current liabilities: (5,913) 12,167
Total net assets (liabilities): (5,913) 12,167
Members' funds
Profit and loss account: (5,913) 12,167
Total members' funds: ( 5,913) 12,167

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 25 March 2025
and signed on behalf of the board by:

Name: Linda Janet Thomas
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

    Tangible fixed assets depreciation policy

    Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows: Asset class Depreciation method and rate Equipment 25% straight line

    Other accounting policies

    Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss. Defined contribution pension obligation A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

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Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 7 4

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Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 1,095 1,095
Additions
Disposals
Revaluations
Transfers
At 31 March 2024 1,095 1,095
Depreciation
At 1 April 2023 489 489
Charge for year 274 274
On disposals
Other adjustments
At 31 March 2024 763 763
Net book value
At 31 March 2024 332 332
At 31 March 2023 606 606

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Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 200 550
Total 200 550

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Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Other debtors 244
Total   244

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Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 400 2,339
Taxation and social security 14,929 7,410
Accruals and deferred income 1,500 15,000
Other creditors 1,196 214
Total 18,025 24,963

COMMUNITY INTEREST ANNUAL REPORT

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Company Number: 12594043 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Read With Me now has more than 350 volunteers who hear children read in 70 Gloucestershire Schools both primary and secondary. The volunteers hear each child read for 10/15 minutes to improve literacy, communication and social skills and confidence. We provide the one- to- one sessions that give children dedicated time with a trusted adult. There are mental health benefits. We have also run more than 25 holiday events in open spaces with educational treasure hunts, story time, arts and crafts and free books. We have given away 10,000 preloved books to individual children and to support in school projects and school libraries. We do not conduct a social audit report but survey and monitor school feedback and progress, volunteer satisfaction and we have set up a pupil panel. www.readwithme.org.uk

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

Included in accounts. There are no other arrangements.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
16 December 2024

And signed on behalf of the board by:
Name: Linda Thomas
Status: Director