Charity registration number 1045617 (England and Wales) Charity registration number SC039170 (Scotlandl Company registration number 03036802 AFASIC ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
AFASIC LEGAL AND ADMINISTRATIVE INFORMATION Trustees C Hammond ITrea5urerl J Emin {Chair) C Everingham G Drewitt J Butcher R Traviato K Hodkinson (Appointed 22 November 2024) (Appointed 22 November 2024) Corporate Management Team L LaslIeS (Chief Executive) M Thompson (Director Fundraising & Support seice5) Secretary L Lascelles {Chief Executive) Charity number (England and Wales) 1045617 Charity number {S¢otlandl SC039170 Company number 03036802 Regislered office St Margaret's House 15 Old Ford Road London E2 9PJ Independent examiner Lee, Dickelts & Co 3 East Point High Street Seal Sevenoaks Kent TN15 OEG Bankers Lloyds 4 High Street Dartford Kent DA1 1BY
AFASIC CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent examine¢s report Statement of financial aclivities 10-11 statement of financial position 12 Noles to Ihe financial $13tements 13-24
AFASIC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statemen15 and comply with the charity's governing docuTnent, the Companies Act 2006, the Charities and Trustee Investment (Scollandl Act 2005, the Charities Accounts (Scolland) Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" Obje¢tives and activities Afasic is a UK parenl-led charity, established in 1968, that supports and provides infomiation for families with children and young adults who have Speech Language and Communication Needs {SLCNI, with a focus on Developmental Language Disorder (DLD}. Afasic's Vision is that familie5, through the charity, will gain a greater understanding of the impact of SLCN on their children and young aolulls, and how to support them. They will become knowledgeable about the term DLD. The Charity will promote information about DLD to enable the general public to understand thi5 lerm. Afasic's core purpose is to provide information and support for families, parents, other c2rers and also lo health, education and care professionals, lo enable them lo better understand, help and advocale for children with SLCN, with a focus on DLD", and lo enable families to help their children and yovng adutts to develop key ski115, improve social inlegration and gain access to educational and legal enlitlements. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and perfom)ance Significant activities and aGhievements against objectives A summary of our main areas of work and achievemen15 during the past year is given below. Training for parents-'DLD Together, These are free online training Cokjrses that help parentslcarers understand about Developmental Language Disorder {DLDI and how they can better support their child. Courses take place for 11/ 2 hours on one evening a week for 7 weeks. They are run by a speech and language therapist, along with another trained professional. The DLD Together courses provide an invaluable resource for parents who may not have even heard of DLD until their child was diagnosed. Many families report feeling very isolated as they do not know other families who have a child with a diagnosi5 of DLD. NAPLIC and Afasic h8ve developed a seven-week course that helps parents and carers belter understand the condition, support their child at home, and enables them to become effective advocates for their child and rneel other parents to build a support network. Over the past year the DLD Togelher programme has provided support. advice, infom)alion and peer 5UPPOrt opportunitie5 to 435 parentslcarers. A total of 30 courses have been run with follow-on support provided by our project officer, local support networks and our helpline. The project officer has also held 10 informationlQ&AISocial sessions for families and produced an introductory film about DLD that is available on our website and has been shared through our social media channels. You can view the short film here: htt s'.Ilwww.afasic.or .uklabout-dldl. We are developing an informal network of parents who are happy to support local families and a further 58 professionals have been trained to deliver the course. "It was the first time I felt like people understood what me 8nd my family were facing. Thank you." Parent to 8yr old.
AFASIC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 "It has really helped me understand why my son struggles and I've been able to share information with his schDoI so that they can help him more. They a now adapting his homework forme which means hes arguing about it less." Parent to 9yr old. 'My husband and myself found Ihe parent online DLD course run by Afasic very helpful, and are just so grateful for the support - anything we Gan do to support you back Is our pleasure. Our Iliird child has DLD, and leaming about how to best guide him Ihrough life is e%tremely important lo us." Parent who organised a fundra15er at work for Afasic raising £1,768. Over the past year parents and professionals have been highlighting lo us the need for a similar course that is specifically aimed at young people with DLD 3ged 16 - 25 as there is nothing like this cvrrently available for them and the prevalence of mental heallh difficLilties in young people with DLD is a current concern to many families, as well as to the young people themselves. We are Iherefore looking to develop and pilot a course to provide thi5 additional support to young people, as well as continuing lo roll out the parents courses across the country. Transition Courses for young people Afasic organises a programme of specialist weeklong transition courses for children with persistenl speech, language and communication problems facing the key educational move from primary to secondary school. Last summer a total of eight primary to secondary transition courses were successfully delivered, with 94 children and their families benefiling from Ihese. and positive oulcomes for both children and paren15. Courses were successfully delivered in partnership with speech & language therapists ISLT'S) and schools in the following locations.. Brenl, Bridlinglon, Crawley. Enfield, Newham, Scarborough, Tower Hamlets and Trafford. A few anticipated courses (including Birmingham, Cardiff, Manchester, Maidslone and Whilbyl were unfortunately withdrawn mainly due lo reduced capacity by the SLT services to deliver them. In response to the question, "Did you enjoy the group?" asked on the final day of the course, all students Tated their experience with 3 4 l'yes. I really enjoyed it") or 5 1,1 loved it")- Parent workshops were positively received. with many parents feeling more prepared lo support their children's transition. These workshops have proven essential in ensuring that parents are engaged and informed, helping lo create a support network around the students. Vvhen asked, "Would you recommend this group to other parentslcarers?" all respondents11000/ol answered "yes" In the new financial year, we are looking to expand the reach of this programme by developing and piloting a new 'nalional' online course that will be able to reach students in remote or under-resourced areas and so increase acce5sibilily for students who may not be able to attend more local face-to-face sessions and the number of young people who can benefit from these courses. Student feedback.. "l enjoyed the course because I mado friends and we leamed through playing lots ofgames. "I learned how to make new friends and what lo do if I gel lost at school.~ "I feel more confident about starting secondary school now. The games we played made learning fun. "I learned about the maps of the school, how to deal with bullying and how to make new friends and also how to read my timetable.. Parent feedback.. "I really felt that my son was supported with his speech and language, and making friends. 'My daughter has found this very beneficial and helpful,. she is more confident in starting school in September." "The staff are lovely, and my child seemed to enjoy the course and gain confidence from it." Information. Advice & Support for ParentS- Providing information and support for parents is at the heart of all that we do and was the driving force behind the establishment of the charity. The Afasic helpline continues lo provide an essenlial source of one to one tailored informalion, support and advice for parents lo enable them lo better understand, help and advocate for their child.
AFASIC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Our website, social media and monthly email updale5 continue to provide a key point of access to vital infOratIOn about speech, language and communication needs with a wide range of free downloadable resources available from our website. Our social media officer is suc¢e5sfully growing the reach of our me55ages and information lo new audiences. Printed publications offer more detailed information on accessing benefits, therapy, practical activities for paienls to do wilh their child, and their legal rights. Towards the end of the year we recruited 5 new volunteers lo help with the parent support se)vice, and they are currently undergoing training with our helpline manager to ensure they have the right level of knowledge. This will increase our capacity lo deal with enquiries moving forward. "I sing the praises of Afasic to others who have children with developmental speech disorders. Keep up the goocl WDrt(." "Apologies for the delayed response bul l just wanted lo thank you for your helpful advice. 'Thanks so much for your follow up email to our conversation the other day. You've been a great help to my wife and l.. Collaboration, partnership, and Influencing policy makers.. As a small UK chaTily Afasic works in collaboration with several oiganisations, including the Council for Disabled Children {CDCI, the Special Education Consortium ISECI, and the Disabled Children5 Partnership {DCPI. The Speech, Language and Communication Alliance lof which we are a member) was recently launched to foster a shared commitment to improving outcomes for affected children and yOLJng adults in the UK. We are also a member of the All-Paty Parliamentary Group IAPPG) on speech and language difficulties, set up to help infiuence policy makers, along with Speech and Language UK (formally ICAN}. We collaborate on specific research initiatives with Bristol University, the University of Limerick and olher5, and our parent engagement officer and one of our ambassador5 sil on a group established by the RCSLT that sets a lisl of DLD Research priorities. Each year we support the 'DLD Awareness Day. organised by RADLD {Raising Awarenes5 of DLD) to work in conjunction with olhers to help raise awareness of this under-re¢ognised condition. Afasic has collaboraled with the RCSLT, NAPLIC, Speech and Language UK and UCL Professor Courtenay Norbury lo develop a 'vision for people with DLD, that was launched in October 2023. We continue to hold regular meetings to further this work on Ihe five key vision5 which helps guide everyone's work. htl s.'Ilafasic.or .ukla-vision-for-dld-for-the-ukl
AFASIC TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review This year saw an improved perfofmance compared to Ihe two previous financial years, and we are delighted that total income for the year was £240,600, an increase of £68,106 compared to the previous year. At the same time, we have managed operating costs carefully and these have reduced slightly compared to the previous year to £245,877. The in¢rea5e in income was mainly a re5uII of increased funds received from trusts & foundations1£67,000 up), with particular thanks to Ihe Balchworth Trust, Headley Trust, and Postcode Society Trust foi their generous support,. and fundraising evenls1£8,000 upl compared lo lasi year. Unrestricted income was £160,308 (2024.. £128,160), and there was unrestricted expenditure of £145,803 (2024". £157,254), leaving a net surplus for the year of £14,505 in the unrestricted general fund (2024.. net deficit of £29,094), so a much improved posilion compared to the previous year. For restricted funds there was income of £80.253 {2024'. £44,334) and expenditure of £66.380 (2024.. £75, 652), which has resulled in a net surplus of £14,031 for the year in restricted funds after transfers (2024.. net deficit of £27,455). A tolal of £33,813 has come from the designated funds (2024.. £23,973) as the trustees have agreed lo use the designated fund lo ensure that we can continue to provide and develop our key Services and projects for families and children whilsl additional funding is obtained in the longer lerm. Overall there is a net deficit for the year of £5,277, compared to a net deficit the previous year of £80,522. General unrestricted funds av2i13ble for general charitable purposes as at the 31 March 2025 were £132,108, which is within the level of unreslricled funds required by the Iruslees (see reserves policy below)- This is a much improved perfomiance compared to recent year5 and we are very grateful lo all of our supporters who have helped to make this possible. However, these remain uncertain times and the Trustees will Continue to keep a careful watch on Ihe financial position to ensure that the important work of the organisation can continue into the future. Going conce These 2ccounts ale prepared on the going concern basis. The trustees have a reasonable expectation that Afasic will continue in operational existence foi the foreseeable future. However, the general economic environment means il is difficult to project with any certainty the likely level of unrestricled funding that will be received over the next 12 months. The cost of living crisis and economic uncertainly is having a continuing impact but overall the income of the organisalion has held up well given all that has happened over the past few years and work undertaken to reduce overheads in previous years means that Afasic is comparatively well placed lo sustain its work and sUPPOrt for children and families that need it now more than ever. Reserves policy The trustees have an agreed reserves policy that lake5 into account the main risks to the organisation highlighted through Ihe risk management policy. The policy of the Iiuslees 15 to maintain unrestricted reseNes at a level sufficient to 5UPPOrt the core activities of Ihe organisation for a minimum of six months and up to twelve months. This level of reserves is deemed prudent by the trustees, to ensure that the work and services of Ihe organisation can be planned with some certainly. This policy is reviewed by ihe Irustees on an annual basis. At the year end, unrestricted reserves (excluding the designated fund} provided 10 months cover for budgeted unrestricted expenditure (previous year 9 monlhsl. This is wilhin the level of cover required by the trustees under Ihis policy. The trustees will continue to monitor the reserves position closely over the coming year.
AFASIC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Principal funding sources We are very grateful lo the many individuals who have contributed towards the work of Afasic through membership fees, individual donations and taking part in a range of events during the year. These are all vital sources of income for us and help ensure th8t we can maintain and develop our key services. In addition to these. majDr funding contributions and significant grants have been very gratefully received during the year from the following.. Trusts & Foundations- The Andor Charitable Trust, Batchworth Trust, Big Give, Boshier-Hinton Foundation, Brilford Bridge Trust, Chapman Charitable Trust, David Family Foundation, Forrester Family Trust, Grace Trust, Haramead Trust, Headley Trust. Hedley Foundation, Kingsgrove Trust, Masonic Charitable Foundation, Orr Mackinlosh Foundation. Patrcia Routledge Foundation, PF Charitable Trust, Postcode Society Trust, Sir James Roll Charitable Trust, and the Weinslock Fund. Companies: Akira Financial Ltd, Berenberg Bank, D & 8GM Ltd, Seveer Media Ltd, and Tesco Stronger Starts. We are very grateful to all the staff al Emerald Associates who look on a static cycle challenge for Afasic and between then pedalled over 500 miles, raising £1,768 in sponsorship for us. Individuals & Events: We greatly appreciate the continued generous 5UPPOrt for our work from our members and individual supporters, without which much ol whal we do would not be possible. In particular, we greatly appreciate the very kind legacy left to us during the year by long term supporter Mary Thomson. In December 2024 we had our Ihird 'Big Give Christmas Challenge, where all donations reiVed were doubled. This was lo raise funds for our online courses for parent5 of children wilh Developmenlal Language Disorder and we were delighted to reach our target of £10,0001 Many thanks lo all those who donated, the people who 'malched' their donations and of course the Big Give for the opportunity lo take part in their Christmas Challenge Campaign. We are also very grateful lo everyone who took part in one of our fundraising events during the year, includin9 our 'February Madness,, our amazing and inspiring London marathon runners, all the cyclists who took part in one of our bike rides during the year, all those taking part in our 'sponsored walk,, and everyone 'doing their own thing, to help raise funds for us. Our thanks also go to Terry Chimes for doing 'An evening with Terry Chimes. in Easl London, talking about his days with bands like the Clash, Black Sabbalh and others, answering questions and signing photos etc., and lo Elaine Delmar who did a jazz evening al Pizza Express Live Soho with some musical friends for Afasic. Both were well attended and very entertaining nights that raised much needed funds towards our work. Thallks to all of you - you are amazing and really do help lo make a differencel As a small specialist charity dealing with a lillle-known condition, it remains difficult to raise fvnds to maintain the ongoing delivery of our work, made even more challenging by the continuing cost of living crisis and other more 'visible' and 'urgent' calls for support. Given this, and the uncertain economic climate, the Truslees would like to sincerèly thank all of our supporters who have contributed towards our work during Ihe year. This is greatly appreciated and has helped lo make a real difference lo the daily lives of the children. young 8dulls and families that we help 8cross the country. Inveslmenl policy The Memorandum and Articles ol As50cialion give the charity the power to inve51 moneys not immediately required for ils purposes as it sees fil. The Trustee Board agreed an investment policy in December 2004 that stales.. An amounl of cash for working capital of up to £150,000 is to be maintained in the organisation's currenl and accessible deposit accounts at any one time. Balances above this figure that are not required to cover short I medium lemi liabilities are to be available lor investment. There are currently no funds held in investments.
AFASIC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Major risks The 8oard of Truslees adopted a risk management policy in December 2004 and established a risk register, both of which are reviewed 2nd updated as necessary on at least an annual basis. The policy and register have identified the major risks to which the organisation is exposed and outline slrategies. systems and procedures to manage these. Afasic has policies in place including a health and safety policy, child protection policy, equal opportunities policy, and data protection policy as well as procedures laid down in a staff handbook to ensure that all staff and volunteers comply with these. Financial risk management Is an integral part of the operational framework of the business and strategic planning, project m2nagemenl and financial reporting procedures are place. Plans for future periods Our key aims for the coming year include.. To develop and pilot a new online version of our primary to secondary transition course. To review, consult 2nd update methods of delivery of support to parenls I caiers. To further develop the Afasic web5ile to ensure this is as accessible as possible and meels the needs of our users. To investigate and con5uII with young adu115 and their parents with a view to co-producing an online course for young adults with DLD to help them build resilience and self-advocacy skills. Structure, govemance and management The oiganisation is a registered charity and a company limited by guarantee. The organisalion was registered as a charity on 4 July 1968, and incorporated on 23 March 1995. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association, as amended to allow for current governance arrangements on 6 November 2004. In the event of the company being wound up members are required to conlribute an amount not exceeding £1. The organisation was regislered with the Office of the Scottish Charity Regulator on 1Th January 2008 under number SC039170. The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were.. C Hammond {Treasurer) J Emin (Chairl J Perry C Everingham G Drewitt J Butcher R Traviato K Hodkinson (Resigned 5 July 2024} (Appointed 22 November 20241 {Appointed 22 November 20241 Recnjitment and appointment of trustees The trustees are all volunteers. The board comprises both elected and ctropted members. In addition to Ihe Honorary Officers, up to six board members can be elected at the AGM. To ensure that the work of the charity is informed by a mix of business, financial and technical advice, the Board also has four co-opted places designated for individuals with an interest in and the polential to offer valuable contribution to the effectiveness of Ihe organisatioa. The Chair and Vice Chair musl be parenls of a child with a speech and language impairment. All member5 are circulated with invitations to nominate trustees and Honorary Officers prior to the AGM, along with details and nomination forms.
AFASIC TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Organisational structure The Board ofTrustees, which can have a maximum of 13 members, administers the tharity and meels on at least a quarterly basis. The day-lo-day managemenl ofthe organisalion is in the hands ofthe Chief Executive. Induction and training of tmstees Each new trustee receives induction from the Chair and l or Chief Executive a5 to their role and responsibilities and the work of the organisation. They are provided with a ¢opy of 'The Good Trustee Guide. published by NCVO, along with a copy of the Memorandum and Articles of Association, latest audited accounls and annual review, strategic and business plans, and details of major projects and SeiCe8. Trustees are encouraged to attend appropriate extemal training events where this will help them in their role, in addition to internal training provided by stsff and trustees. eh of the Board of Truslees i l!ib*.4 J in (Ch Trustee Date- i l ! 0 :..1.5.......
AFASIC STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The tTUStees, who are also the directors of Afasic for the pu¥pose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, includin g the income and expenditure, of Ihe charitable company for that year. In preparing Ihese financial stalemenls, Ihe trustees are required to.. select suitable accounling policies and then apply them ¢onsislenlly', observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., stale whether applicable UK Accounting Standards have been followed, subjecl to any malerial departures disclosed and explained in the financial 5tatements', and prepare the financial statements on the going concern basis unless It is inappropriate to presume Ihal the charity will continue in operation. The trustee5 are responsible for keeping adequate accounting records that disd05e wilh reasonable accuracy at any lirlle the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scolland) Regulalions 2006. They are a150 responsible for safeguarding Ihe a5set5 of the charity and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. The Irustees are responsible for the maintenance and integrity of Ihe charity and financial informalion included on the charity's web51te. Legislation in the United Kingdom governing the preparation and dissemination ol financial statements may differ from legislation in other jurisdictions.
AFASIC INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AFASIC We report to the tmstees on our examination of the financial statements of Afasic (the charity} for the year ended 31 March 2025. Responsibilitle5 and basis of report As the trustees of the charity (and also ils directors for Ihe purposes of company law}, you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland} Act 2005 and the Charities Accounts {Scollandl Regulations 2006. You are satisfied that the financial statements of the charity are not required by charity or company law lo be audited and have chosen instead to have an independent examination. Having satisfied ourselves that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, we report in respect of our examination of the charity's financial statements carried out under section 4411llcl of the Charities and Truslee Investment (Scotlandl Act 2005 and section 145 of the Charities Acl 2011. In carrying out our examination we have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 and the Directions given by the Charity Commission under seclion 14515llbl of the Charities Act 2011. Independent examinerfs statement We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by seclion 4411){a) of the Charities and Trustee Investment IS¢ollandl Acl 2005, Regulation 4 of the Charities Accounts (Scotland) Regulations 2006 and section 386 ofthe Companies Act 2006. the financial statements do not accord with those record5', or the financial slatement5 do not compEy with the accounting requirements of Regulation 8 of the Charilies Accounts (Scotlandl Regulations 2006 and the accounting iequirements of section 396 of the Companies Act 2006 other than any requirement Ihal the financial statements give a true and fair view, which is not a maltei considered as part of an independent examination., or the Iinancial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities pieparing their financial statements in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102). We have no concerns and have come across no other matters in connection with the examiT)alion to which attention should be drawn in this report in order to enable a proper underslanding of the financial statements to be reached. Lee. Dicketts & Co 3 East Point High Street Seal Sevenoaks Kenl TN15 OEG Date.. jzlio lJoL<
AFASIC STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current financlal year Unrestricted Unrestricted funds funds general Designated fund 2025 Restricted funds Total Total 2025 2025 2025 2024 Notes Income and endov4fjnents from.. Donations and legacies Charitable activities Investments Other income 66.716 83,737 9,6D5 250 39 17,660 62.587 84,415 146,324 9,611 250 91,702 70,512 8,373 1,907 Totsl Income 160,308 39 80,253 240,600 172,494 Expenditure on.. Raising funds Charitable activities Olher expenditure 17,306 128,497 17,306 228,571 21,533 231,452 31 33,694 66,380 13 Total expenditure 145,803 33,694 66,380 245,877 253,016 Net incomel(expenditurel 14,505 {33,6551 13,873 15.2771 (80.522) Transfers between funds 11581 158 Net movement In funds 10 14,505 {33,8131 14,031 {5.2771 {80,522) Reconciliation of funds- Fund balances at 1 April 2024 117,603 180,262 67,334 365,199 445,721 Fund balancc= at 31 March 2025 1?4 108 146,449 81.365 359,gJ:2 The slalement of financial activities include5 all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
AFASIC STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior financial year Unrestricted Unrestricted funds funds general Designated fund 2024 Restricted funds Total 2024 2024 2024 Notes Income and endowments from: DonatlQn5 and legacies Charitable activities Investments Other income 75,888 42,000 8,365 1,907 15,814 28,512 91,702 70,512 8,373 1,907 Total income 128,160 44,334 172,494 Expenditure on: Raising funds Charilable activities Other expenditure 21,533 135,690 31 21,533 231,452 31 20,110 75,652 13 Total expenditure 157,254 20,110 75,652 253,016 Net income (29,0941 (20,110) 131,3181 {80,5221 Transfers heeen fvnds (3,863) 3,863 Net movement in funds 10 129,0941 {23,973) 127,455) {80,5221 Reconciliation of funds.. Fund balances at 1 April 2023 146,697 204,235 94,789 445,721 Fund balances at 31 March 2024 117,603 180,262 67,334 365.199 11
AFASIC STATEMENT OF FINANCIAL POSITION AS AT31 MARCH 2025 2025 2024 Notss Fixed assets Tangible assets 15 1,395 2,020 Current assets Debtors Cash at bank and in hand 16 14,834 350,654 12,157 357,152 365,288 369,309 Creditor3: amounts falling due vAthin one year 17 {6,761) {6,130) Net current assets 358,527 363,179 Total assets le$s current liabilities 359,922 365,199 The funds of the charity Restricted inGome funds Unrestricted funds - general Unrestricted funds- Designated fund 20 21 19 81,365 132,108 146,449 67,334 117,603 180,262 359,922 365,199 The company is entitled to Ihe exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounling records and the preparation of financial statements. The members have not required the company to obtain an audii of its financial slatemenls for the year in question in accordance with section 476. These financial statements have been prepared in a¢cordance with the provisions applicable to companies subject to the small companies regime. 2o-I'tr.i) The financial statements were approved by the trustees on ......................... C Hammond {Treasurer) Trustee Company registration number 03036802 (England and Wales) 12-
AFASIC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Afasic is a private company limited by guaianlee incorpoiated in England and Wales. The registered offi ce is St Margaret's House, 15 Old Ford Road, London, E2 9PJ. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document. the Companies Act 2006, the Charities and Tiuslee Investment (Scotlandl Act 2005, the Charitie5 Accounts (Scotlandl Regulations 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" The charity is a Public Benefit Entity as defined by FRS 102. The charily has laken advantage of Ihe provisions in Ihe SORP for charities not to prepare a statemenl of cash flows. The financial statemenls are prepared in sterfing. which is the functional ourrenry of Ihe chartty. Monetary amounts in Ihese financial statements are rounded to the nearest £. The financial slatements have been prepared under the historical cosl convention. The principal accou nting policies adopted are sel out below. 1.2 Going concern These accounts are prepared on the going concern basis. The trustees have a reasonable expectalion that Afasic will continue in operational existence for the foreseeable future, however the general economic environment continues to make it difficult to raise unrestricted funds to cover core services and cosls. remains difficult to project what the likely receipt of unrestricted funding will be over Ihe next 12 months. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Designated funds comprise funds which have been set aside al the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in note 19 of the financial slatements. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the reslricled funds are set out in note 18 of the financial slatements. 1.4 Incoming resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, Ihe amounts can be measured reliably, and it 15 probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been nottfied of the donation, unless performance conditions require deferral ol Ihe amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipl is expected. If the amount is not known, the legacy is treated as a contingent asset. Where it is clear that the donor has specified a grant to be related to a fixed period for a specified use, these funds will be treated as deferred income and released to the Stalemenl of Financial Activities to match the related expenditure. 13
AFASIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.5 Resources expended The accruals basis is applied to all expenditure. Expenditure has been allocated according to the Statemenl of Recommended pral¢e "Accounting and Reporting by Charities" and is shown under the appropriate sub-heading. Items of expenditure which involve more than one charttable activily, are allocated appropriately belween the charitable activities involved on the basis of estimates made by the charity's managemenl. 1.6 Tangible fixed asset5 Tangible fixed assels are initially measured at cost and subsequently measured al cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised 50 as to write off the c05t or valuation of assets less their residual values over their useful live5 on the following bases.. Fixtures, fittings & equipment Compulers 25 /0 reducing balance 33.3'/0 reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial aclivities. 1.7 Impairment of fixed assets At each reporting end dale, the chartty reviews the carrying amounts of its tangible assets lo delermine whether there is any indication Ihal Ihose assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order lo determine the extenl of the impaimient loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, olher short-temi liquid inveslmenls with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 1.9 Basic financial instruments Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any loss arising from impainnent is recognised in the profil and loss account in other adminislralive expenses. 1.10 Employee benefits The cost of any unused holiday entillement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed lo terminate the employment of an employee or to provide tennination benefits. 1.11 Retirement benefits Payments to defined contribulion retirement benefit schemes are charged as an expense as they fall due. 14-
) (N O (N Z5Z5 * *Or ZSlS Lnor 00 ocry
AFASIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 In¢ome frorn charitable activities Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Events Literature Grants receivable for charitable aclivilies 29,964 1.773 29,964 1,773 21,688 1,612 21,688 1,612 52,000 62,587 114,587 18.700 28,512 47,212 83,737 62,587 146,324 42,000 28,512 70,512 Income from investments Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Interest receivable 9,605 9,611 8,365 8,373 Other income Unrestricted Unrestricted funds funds 2025 2024 Royalties Managment and administration services 250 332 1.575 250 1,907 Expenditure on raising funds Unrestricted Unrestricted funds funds 2025 2024 Fundraising and publicity Olhei fundraising costs Slaff costs 2,323 14,983 6,552 14,981 17,306 21,533 16
o Ln o) ty> ooNff)( 00 U) r Ln rD Lri O Ln ry) OLnrn (ry (o O (F) ¢ rD n (F> iJ oo J rry 10 (n o ( (*)
0 Ln O (Y) U) Ln100 fj) co i ¢D r4J ooor4roo J ty) ) r ou) to ro ro xtoNo) In *0) ¢DNrri owj TfrOnOCD a) Ln £L 2 £L È CiCOnWCL <0 ¢n (n c c o) (n (
AFASIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Description of charitable activities Information and awarene55 Providing and disseminating information on speech, 13nguage and communication needs and raising awareness of this hidden disability. Parenls and families Supporting and empowering parents and families of children and young people with speech, language and communication needs. enabling them to advocate for their child. Children and oun eo Enabling children and young people with speech, language and communication needs to develop their communication, social and life skills. Support costs allocated to activities 2025 2024 Staff costs Corllputer and intemet costs Bank charges Governance costs 19,688 5,827 395 5,625 22,306 5,230 498 4,214 31,535 32,248 Analysed between.. Information and awareness Parents and families Children and young people 9,563 12,270 9,702 9,742 12,509 9,997 31,535 32,248 10 Net movement in funds 2025 2024 The net movement in funds is stated after charging1{crediling)'. Fees payable to the charity'5 independent examiner.. for the independent examination of the charity's financial stalemenls for olher financial seTvices Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed as5els 2,40D 372 625 2,400 354 905 31 11 Trustees None of the tru51ees {or any persons connected with them) received any remuneration during the year, bul they were reimbursed a total of £0 for travelling expenses {2024 - £263}. 18-
AFASIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees The average monthly number of employees during Ihe year was= 2025 Number 2024 Nurnber Employment costs 2025 2024 Wages and salaries Social Security costs other pension costs 150,580 5,920 3,729 150,524 4,706 3,597 16D.229 158,827 There were no employees whose annual remuneration was more than £60,000. 13 Other expenditure Unrestricted Unrestricted funds funds 2025 2024 Nel loss on disposal of tangible fixed assets 31 14 Taxation The charity is exempl frorn taxation on ils activities because all its income is applied for charitable purposes. 19-
AFASIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Tangible fixed assets Fixtures. fittings & equipment Computers Total Cost At 1 Apiil 2024 26.770 15,785 42,555 At 31 March 2025 26.770 15.785 42,555 Depreciation and impairment At 1 April 2024 Depreciation charged in the year 26,155 14,380 471 40,535 625 At 31 March 2025 26,309 14,851 41,160 Carrying amount At 31 March 2025 461 934 1,395 At 31 March 2024 615 1,405 2,020 16 Debtors 2025 2024 Amounts falling due within one year- Other debtors Prepayments and accTued income 7,370 7,264 10,122 2,035 14,634 12,157 17 Creditors: amounts falling due within one year 2025 2024 Other taxation and social security Trade creditors Other creditors 2,506 3,841 414 2,441 3,275 414 6,761 6,130 18 Retirement benefit schemes 2025 2024 Defined contyibution schemes Charge to profit or loss in respect of defined contribution schemes 3,479 3,597 The charity operate5 a defined contribution pension scheme for all qualifying employees. The assets of Ihe scheme are held separately from those of the charity in an independently administered fund. 20-
AFASIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Unrestricted funds - Designated fund The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by Ihe trustees for specific purposes. At 1 April 2024 Incoming resources Resources expended Transfers At 31 March 2025 Legacy income - strategic plan Parent support service & helpline Summer Transition Courses DLD Togelher parenl training project Social Media Officer 96,235 121,158) 75,077 11,137 38,000 39 112,646) 5,000 3,530 38,000 13,447 21,443 (2,858) (18,190) 10,589 19,253 16.000 180,262 39 133,694) {158) 146,449 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 Legacy income - strategic plan Parent support seNice & helpline Summer Transition Courses DLD Together parent Iraining project Social Media Officer 133,235 137,000) 96,235 15,000 38,000 13,863) 11,137 38,000 18,000 14,553) {15,5571 13,447 21.443 37,000 204,235 120,1101 (3,863) 180,262 21
AFASIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restri¢ted funds The restricted funds of Ihe charity comprise the unexpended balances of donations and gr8n15 held on trusl subject Io specific conditions by donors as lo how they may be used. At 1 April 2024 Incoming resources Resource5 expended Transfers At 31 March 2025 CYMRU Northern Ireland Parent Support seiCe Local Groups Summer School Bryony Walker Fund West Midlands DLD Together 886 231 1111 {12) 1707) (12,017) 133,658) 875 219 5.291 27,359 26,530 5,378 5,998 10,783 28,625 28,593 31,563 5.378 161 522 1319) 119,656) 158 34,847 15,713 67,334 80,253 166,380) 158 81,365 Previous year: At 1 April 2023 Incomlng resources Resources expended Transfers At 31 March 2024 CYMRU Northem Ireland Parent Support Service Local Groups Surnmer School Bryony Walker Fund West Midlands DLD Together 897 242 5,402 24.410 42,456 5,378 245 15,759 886 231 3,618 14,351 16,185 {12,8831 110,1681 (27,078) 3,863 28,593 31,563 5,378 161 522 (84) (25,417) 10,180 $4,789 44,334 175,652} 3.863 67,334 Details of certain restricted funds, including income from grants and donation5 are a5 follows.. Supporting Parents and Professionals: Parent Support Service This se1 provides support to parenls through a lelephone helpline. social media feeds, production and distribution of literature and development of resources on the Afasic website. Support towards the costs of this work has been provided by Ihe David Family Foundation. Local Groups Members who come togelher to form groups at a local level lo provide mutual support, organise activities for children and young people and work in partnership with local authorities. Funds are raised and 5penl locally. DLD Together A programme of remote training course5 for parents of a child who has been diagnosed with Developmental Language Disorder. Funding for this highly regarded project has come from a grant over three years from the Headley Tst and donalion5 from the Big Give Christmas Challenge in December 2024. 22-
AFASIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restricted funds (Continued) Supporting Children & Young People: Transition Summer Schools This is a programfne of innovative courses for children facing the move from primary to secondary school. These week long courses aim lo prepare the children for this move, ami them with strategies for dealing with things like bullying. and develop their social and language skills. We are very grateful lo the main funders for this year's courses, which included.. The Weinstock Fund, Ihe Boshier-Hinton Foundation, Hedley Foundation, Tesco Stronger Starts, Patricia Roulledge Foundation, Brilford Bridge Trust, and the H3raTnead Trust. Bryony Walker Fund A fund set up with donations made in memory of our Trustee 2nd Vice Chair Bryony Walker who sadly passed away in 2014 to be used for work with young people. West Midlands Fund Funds lo be used for our work in the West Midlands areas. West Midlands Fund Funds lo be used for our work in Ihe West Midlands areas. Work across the Nations: Cymru Our projects in Wales came lo an end in March 2018 as funding bids were unsuccessful and we were unable to find the fund5 necessary to maintain and develop our work there beyond this period. Northern Ireland Previously funded by a grant trom the Big Lottery Fund for work with young people in Northern Ireland. Thi5 project has now been completed. Afasic is very grateful to all the donors mentioned above for their support of our work during this period. 21 Unrestricted funds At 1 April 2024 Incomlng resources Resources At 31 March expended 2025 General funds 117,603 160.308 (145,803) 132,108 Previous year: At 1 April 2023 Incoming resources Resources At 31 March expended 2024 General funds 146,697 128,160 (157,254) 117.603 23-
AFASIC NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Analysis of net assets between funds Unrestricted Unrestricted funds funds general Designated fund 2025 Restricted funds Total 2025 2025 2025 At 31 March 2025.. Tangible assets Current asselsl{liabilities) 1,395 130,713 1,395 358.527 146.449 81,365 132,108 146,449 81,365 359.922 Unrestricted Unrestricted funds funds general Designated fund 2024 Restricted funds Total 2024 2024 2024 At 31 March 2024: Tangible assets Current assetsl{liabilitiesl 2,020 115,583 2,020 363,179 180,262 67,334 117,603 180,262 67,334 365.199 23 Related party transactions There were no disclosable related paty transactions during the year12024 - none). -24-