At the end of Reception, children are expected to achieve Early Learning Goals (ELG). 

ELG: Comprehension

Children at the expected level of development will: -

Demonstrate understanding of what has been read to them by retelling stories and narratives using their own words and recently introduced vocabulary; 

Anticipate – where appropriate – key events in stories; 

Use and understand recently introduced vocabulary during discussions about stories, non-fiction, rhymes and poems and during role-play.

ELG: Word Reading

Children at the expected level of development will: 

Say a sound for each letter in the alphabet and at least 10 digraphs;

Read words consistent with their phonic knowledge by sound-blending; 

Read aloud simple sentences and books that are consistent with their phonic knowledge, including some common exception words.