ROOM TO READ UK LIMITED
Room to Read's goal is to create a world free from illiteracy and gender inequality. We help children in low-income communities develop literacy skills and a habit of reading, and support girls to build skills to succeed in school and negotiate key life decisions. We have benefitted more than 50 million children across 28 countries.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £779,646 for the year, resulting in a decrease in total funds from £2,878,720 to £2,099,074. The trustees confirm the charity has a secure financial base and adequate resources to continue in operational existence for the foreseeable future. Unrestricted reserves of £556,535 are maintained to cover at least three months of UK office costs, aligning with the stated reserves policy.
What the accounts disclose
“Total costs have increased by 12% to £1,899,144 with fundraising costs comprising 8% of total costs.” — page 12
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 12
Leadership, per the charity’s website
- Dr. Geetha Murali — Chief Executive Officer
- Heather Simpson — Chief Program Officer
- Laurie McMahon — Chief Development and Communications Officer
- Shari Freedman — Chief Financial Officer
- Michael Bowers — Chief Program Implementation Officer
- Cynthia Orme — Chief People and Technology Officer
Funders the charity credits
- Dutch Postcode Lottery
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- DEAN HOWARD CHANchair
- DOUGLAS HILL
- Heather Simpson
- MR MARTYN CHRISTOPHER GOWAR
- Shari Lynn Freedman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.2m | £1.9m |
| 31/12/2023 | £2.1m | £1.7m |
| 31/12/2022 | £3.8m | £1.5m |
| 31/12/2021 | £929k | £1.2m |
| 31/12/2020 | £1.9m | £2.2m |
Common questions
Is ROOM TO READ UK LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £779,646 for the year, resulting in a decrease in total funds from £2,878,720 to £2,099,074. The trustees confirm the charity has a secure financial base and adequate resources to continue in operational existence for the foreseeable future. Unrestricted reserves of £556,535 are maintained to cover at least three months of UK office costs, aligning with the stated reserves policy. Its FY2024 accounts were audited by Warner Wilde Limited.
Who funds ROOM TO READ UK LIMITED?
Funders whose own accounts filings name ROOM TO READ UK LIMITED as a grant recipient include PRISM THE GIFT FUND, ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BRIDE FLEET STREET, VARGA FAMILY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| PRISM THE GIFT FUND | FY2024 | £251k | Education |
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | FY2023 | £15k | |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BRIDE FLEET STREET | FY2024 | £309 | |
| VARGA FAMILY FOUNDATION | FY2025 | — |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHARITY OF SIR RICHARD WHITTINGTON | 3 | £303k |
| THE LAWSON TRUST CIO | 3 | £57k |
| The Patricia Routledge Foundation | 3 | £20k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 2 | £96k |
| The Keith Howard Foundation | 2 | £25k |
| THE JONES 1986 CHARITABLE TRUST | 2 | £21k |
| THE LIZ AND TERRY BRAMALL FOUNDATION | 2 | £18k |
| DUCHY HEALTH CHARITY LIMITED | 2 | £12k |
Charities like this
- READ FOR GOOD
- WORLDREADER
- THE READER ORGANISATION
- UNITED KINGDOM & EUROPE WORLD LITERACY FOUNDATION
- THE NATIONAL LITERACY TRUST
- LITERACY VOLUNTEERS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ROOM TO READ UK LIMITED | £1.2m | — | 0 | unclear | 8.0% | no doubt |
| READ FOR GOOD | £1.5m | — | — | unclear | — | no doubt |
| WORLDREADER | £100k | — | 0 | unclear | — | no doubt |
| THE READER ORGANISATION | £4.6m | — | 0 | above | — | no doubt |
| UNITED KINGDOM & EUROPE WORLD LITERACY FOUNDATION | £180k | — | 0 | below | — | no doubt |
| THE NATIONAL LITERACY TRUST | £14.3m | — | — | below | — | no doubt |