READ - THE READING AGENCY
The Reading Agency works every day towards a world where everyone is reading their way to a better life - from toddlers to children to young adults, prisoners and older people - irrespective of age or economic background. It advocates that reading can tackle life's big challenges, from social mobility to mental health.
Objects
TO ADVANCE THE EDUCATION OF THE PUBLIC BY THE ENCOURAGEMENT OF READING AND THE PROMOTION OF LITERACY SKILLS
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net outgoing resource of £355,843 for the year, resulting in a decrease in total reserves from £1,168,178 to £812,335. Unrestricted reserves stood at £554,334, which the trustees consider adequate to maintain a positive cash balance and cover at least three months of working capital. The trustees confirmed that adequate resources continue to be available to fund the charity's activities for the foreseeable future.
What the accounts disclose
“a further 49% came from grants and donations from other organisations”
“Our stated policy is to maintain reserves to cover at least 3 months of working capital. This constitutes at least £345,000 of unrestricted reserves.” — page 16
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 7
- Government income: £1,090,808 — grants £1,090,808 (4); 39% of the £2,796,553 total gross income on the same return
- Employees paid over £60,000: 3 (£70,001–£80,000: 1; £80,001–£90,000: 1; £110,001–£120,000: 1)
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 13
- Government income: £1,227,274 — grants £1,227,274 (5); 40% of the £3,034,606 total gross income on the same return
- Employees paid over £60,000: 3 (£80,001–£90,000: 1; £90,001–£100,000: 1; £120,001–£130,000: 1)
Self-declared on the annual return for the financial year ending 31/03/2023
- Government income: £928,761 — grants £928,761 (6); 31% of the £3,044,429 total gross income on the same return
- Employees paid over £60,000: 3 (£70,001–£80,000: 1; £100,001–£110,000: 1; £110,001–£120,000: 1)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Aimee Jane Felone
- DEREK O'GARA
- David Richard Shelley
- Davinia-Louise Green
- Dr Neil Gareth Churchill
- Elizabeth Clare Norbury
- Mandy Teresa de Waal
- Maureen Carmel Corish
- Mohammed Zoinul Abidin
- Paul Nicholas Kelly
- Sue Lesley Williamson
- Susan Claire Hall
- THOMAS MOODY-STUART
- Teresa Mary Cremin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.8m | £3.2m |
| 31/03/2024 | £3.0m | £3.1m |
| 31/03/2023 | £3.0m | £3.7m |
| 31/03/2022 | £3.0m | £2.8m |
| 31/03/2021 | £6.5m | £6.2m |
Common questions
Is READ - THE READING AGENCY financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net outgoing resource of £355,843 for the year, resulting in a decrease in total reserves from £1,168,178 to £812,335. Unrestricted reserves stood at £554,334, which the trustees consider adequate to maintain a positive cash balance and cover at least three months of working capital. The trustees confirmed that adequate resources continue to be available to fund the charity's activities for the foreseeable future. Its FY2025 accounts were audited by M J Bushell Audit LLP.
Who funds READ - THE READING AGENCY?
Funders whose own accounts filings name READ - THE READING AGENCY as a grant recipient include THE JULIA RAUSING TRUST, THE MASTER CHARITABLE TRUST, CHARITY OF SIR RICHARD WHITTINGTON, STRATTON CHASE FOUNDATION, THE ULVERSCROFT FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE JULIA RAUSING TRUST | FY2025 | £1.2m | Summer Reading Challenge Extension of Impact and Reach |
| THE MASTER CHARITABLE TRUST | FY2025 | £265k | Advancement of education |
| CHARITY OF SIR RICHARD WHITTINGTON | FY2023 | £75k | Young People & Education |
| STRATTON CHASE FOUNDATION | FY2026 | £75k | For 12-months to support core costs. The Reading Agency work with individuals of all ages, communities and trusted partners to share the transformative benefits |
| CHARITY OF SIR RICHARD WHITTINGTON | FY2022 | £75k | Young People & Education |
| THE ULVERSCROFT FOUNDATION | FY2024 | £70k | Development of Reading Friends groups |
| BOOKER PRIZE FOUNDATION | FY2025 | £48k | |
| CYNGOR LLYFRAU CYMRU-THE BOOKS COUNCIL OF WALES | FY2022 | £48k | Grantiau Eraill |
| ST PAUL'S SCHOOLS FOUNDATION | FY2025 | £44k | Literacy & Oracy |
| THE ULVERSCROFT FOUNDATION | FY2023 | £35k | Development of Reading Friends Groups |
| The Goldsmiths' Foundation | FY2021 | £20k | Education Committee |
| THE BALCOMBE CHARITABLE TRUST | FY2023 | £15k | Health and welfare |
| THE BALCOMBE CHARITABLE TRUST | FY2024 | £12k | Health and welfare |
| THE BALCOMBE CHARITABLE TRUST | FY2025 | £10k | Health and welfare |
| THE BROMLEY TRUST | FY2022 | £10k | Prison Reform |
| THE ORR MACKINTOSH FOUNDATION LIMITED | FY2023 | £10k | |
| BOOKER PRIZE FOUNDATION | FY2025 | £9k | Quick Reads |
| SOCIETY OF THE SACRED HEART CIO | FY2025 | £5k | |
| CYNGOR LLYFRAU CYMRU-THE BOOKS COUNCIL OF WALES | FY2025 | £100 | Reading Well |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The Mercers' Company | 25/09/2024 | £300k | Grant to The Reading Agency |
| UK government | 13/10/2022 | £484k | National Portfolio Organisations |
| UK government | 13/10/2022 | £484k | National Portfolio Organisations |
| UK government | 08/09/2022 | £30k | Investment funds |
| UK government | 13/12/2021 | £484k | National Portfolio Organisations |
| The Mercers' Company | 11/02/2020 | £300k | Grant to The Reading Agency |
| The National Lottery Community Fund | 15/09/2015 | £50k | The Reading Well Challenge |
| City Bridge Foundation | 07/09/2011 | £84k | Grant to Read - The Reading Agency |
| The National Lottery Community Fund | 08/12/2010 | £347k | Reading Activists |
| The National Lottery Community Fund | 29/11/2006 | £573k | The Book Bar Project |
| The National Lottery Community Fund | 28/04/2006 | £25k | The Book Bar Project |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LAWSON TRUST CIO | 2 | £42k |
| DRAGON CHRISTMAS CHARITY SALE | 2 | £1k |
| THE MOHN WESTLAKE FOUNDATION | 1 | £7.9m |
| HOLLYHOCK CHARITABLE FOUNDATION | 1 | £451k |
| The Barratt Redrow Foundation | 1 | £403k |
| THE EDWARD GOSTLING FOUNDATION | 1 | £285k |
| THE FIDELITY UK FOUNDATION | 1 | £272k |
| THE CHILDHOOD TRUST | 1 | £233k |
Charities like this
- THE READER ORGANISATION
- THE READING FOUNDATION
- WORLDREADER
- READ FOR GOOD
- ADULT LITERACY TRUST
- BOOKMARK READING CHARITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| READ - THE READING AGENCY | £2.8m | — | — | unclear | — | no doubt |
| THE READER ORGANISATION | £4.6m | — | 0 | above | — | no doubt |
| THE READING FOUNDATION | £517k | — | 0 | unclear | — | no doubt |
| WORLDREADER | £100k | — | 0 | unclear | — | no doubt |
| READ FOR GOOD | £1.5m | — | — | unclear | — | no doubt |
| ADULT LITERACY TRUST | £360k | — | 0 | above | — | no doubt |