Company Number: 03144557 Registered Charity Number.. 1052103 COUNCIL FOR THE REGISTRATION OF SCHOOLS TEACHING DYSLEXIC PUPILS TRADING AS CReSTeD (Limited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Shaw Gibbs Wey Court West Union Road Farnham Surrey GU9 7PT COUNCIL FOR THE REGISTRATION OF SCHOOLS TEACHING DYSLEXIC PUPILS TRADING AS CReSTeD CHARITY INFORMATION DIRECTORS". B J Wignall (deceased January 2024) T M Armstrong A Cook L Greenwold N Gregory (resigned January 2024) A Hassan (resigned June 20241 R Jennings (appointed November 2023) F O'Regan C Preston {resigned Seplember 2024) Dr A Smith REGISTERED AND PRINCIPAL OFFICE.. 24 West Street Farnham Surrey GU9 7DR COMPANY NUMBER.. 03144557 CHARITY NUMBER.. 1052103 ACCOUNTANTS: Shaw Gibbs Wey Court West Union Road Farnham Surrey GU9 7PT COUNCIL FOR THE REGISTRATION OF SCHOOLS TEACHING DYSLEXIC PUPILS TRADING AS CReSTeD CONTENTS Page Directors, Report Independent Examiners, Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements COUNCIL FOR THE REGISTRATION OF SCHOOLS TEACHING DYSLEXIC PUPILS TRADING AS CReSTeD DIRECTORS, REPORT FOR THE YEAR ENDING 31 AUGUST 2024 The directors present their report and the financial statements for the year ended 31 August 2024. STATEMENT OF DIRECTORS RESPONSIBILITIES The directors are responsible for preparing the Annual Report and the ft'nancial statements in accordance with the applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law requires the directors to prepare financial statements for each financial year which give a true and fair view of the Charity's state of affairs and its net outgoing resources for that year. In preparing these financial statements, the directors are required to.. select suitab5e accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards have been followed subject to any material departures, disclosed and explained in the financial ststements. prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Charity will continue to operate. The directors are responsible for k&ping proper accounting records which disclose with reasonable accuracy, at any time. the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Charities Statement of Recommended Practice SORP12015). They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. STATUS CReSTeD is a registered Charity (Registration No= 10521031. It is also a registered company, limited by guarantee without share capital under the Companies Act (Registered No.. 031445571. The Charity was established under a Memorandum of Association dated 10 January 1996. which established the objects and powers of the charitable company and is governed under its Articles of Association. Under those articles, the members of the Management Committee are elected at the AGM for an unspecified period, subject to ratification at each such AGM. OBJECTS AND ACTIVITIES The objects of the Charity, as stated in its Memorandum and Articles ofAssociation, are to provide relief for pupils who are dyslexic by ensuring that their special educational needs are addressed and that the standards of teaching dyslexic children are improved. CReSTeD is managed by the Board of Directors and the council with day-to-day matters carried out by the administrator. RESERVES It is the Directors view that the Charity does not need to hold larger reserves. The current reserves of £59,364 (2023.. £64,626) represent approximately one and a half year's expendilure and are considered adequate. COUNCIL FOR THE REGISTRATION OF SCHOOLS TEACHING DYSLEXIC PUPILS TRADING AS CReSTeD DIRECTORS, REPORT - CONTINUED FOR THE YEAR ENDING 31 AUGUST 2024 REVIEW OF ACTIVITIES The figures in this report show how CReSTeD have performed for a 12-month period September 2023 - August 2024, compared to the prior 12-month period September 2022- August 2023. During this financial year, we report that our longstanding Chair of Trustees, Brendan Wignall, sadly passed away on 26 January 2024. following an on-going battle with cancer. Moore Armstrong immediately stood in as interim Chair to cover Brendan Wignall's responsibilities, having hitherto served as Vice Chair. Robert Jennings was appointed to the CReSTeD Board of Directors in November 2023. Nick Gregory resigned in January 2024 and Aatif Hassan resigned in June 2024. Four schools resigned and 1 new school was accredited during this financial year. Therefore, the total number of UK schools and teaching centres on the Register as at 31st August 2024 was 51. The breakdown of the Register by category was as follows.. Dyslexia Specialist Schools - 10, Specialist Provision Schools - 6, Learning Support Centre Schools - 22, Withdrawal Systems Schools - 6, Teaching Centres = 5 and Maintained Sector Schools - 2, this category also includes the British Dyslexia Association's Dyslexia Friendly Quality Mark Schools of which 20 were listed. Our self-employed consultants carried out 19 visits throughout the year. Enquiries regarding accreditation from schools and teaching centres were received and we answered queries from approximately 70 parents looking for help and support to find a suitable school for their child. CReSTeD continued to advertise in appropiiate magazines. In June 2024, the directors took the strategic decision not to expand internationally. Consequently, the registration for the School based in India will expire in November 2026. RISK MANAGEMENT The major risks to which the Charity is exposed as identified by the directors have been reviewed and systems have been established to mitigate those risks. DIRECTORS The directors who served during the year are as follows= B J Wignall (deceased January 2024) T M Armstrong A Cook L Greenwold N Gregory (resigned January 2024) A Hassan (resigned June 2024} R Jennings (appointed November 2023) F O'Regan C Preston (resigned September 2024) Dr A Smith The report of the directors has been prepared in accordance with the special provisions of part 16 of the Companies Act 2006 relating to small companies. The report was approved by the board on - Dat ands ehalf by: T M Armstrong- orl Chair INDEPENDENT EXAMINERS, REPORT TO THE DIRECTORS OF THE COUNCIL FOR THEREGISTRATION OF SCHOOLS TEACHING DYSLEXIC PUPILS TRADING AS CReSTeD FOR THE YEAR ENDING 31 AUGUST 2024 I report on the financial statements for the year ending 31 August 2024, which are set out on pages 4 to 8. Respective responsibilities of the directors and the examiner The directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. The directors consider an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the Charity is not subject to audit under company law and is eligible for independent examination.. It is my responsibility to= examine the financial statements under section 145 of the Charities Act 2011 to follow the prO￿dureS laid down in the general Directions given by the Charity Commission under section 145(5}Ib) of the 2011 Act to stste whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission_ An examination includes a review of the accounting records kept by the Charitable Company and a comparison of the financial statements presented with those records. It also includes a consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as the directors conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention-. (11 which gives me reasonable cause to believe that in any material respect the requirements. to keep accounting records in accordance with section 130 of the 2011 Act and section 44(1)(a} of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations and to prepare accounts which accord with the accounting records and comply with the accounting requirements ofthe 2011 Act and section 44{1)(b) of the 2005 Act and Regulation 8 of the 2006 Accounts Regulations have not been met or 12) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the account5 to be reached. Dated: 13>£ and signed: Lance Redman - FCA FCCA, Shaw Gibbs Wey Court West Union Road Farnham Surrey GU9 7PT COUNCIL FOR THE REGISTRATION OF SCHOOLS TEACHING DYSLEXIC PUPILS TRADING AS CReSTeD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDING 31 AUGUST 2024 Ilncorporating an Income and Expenditure Account) 2024 Unrestricted Funds 2023 Unrestricted Funds NOTES Income and endowments from: Charitable activities Registration and visiting fees other Income (Bank Interest) 32,055 1,037 33,715 98 TOTAL 33,092 33,813 Expenditure on: Charitable Activities Cost of providing relief for pupils with dyslexia 38,354 39,303 TOTAL 38,354 39,303 Net Income l (Expenditure) (5,262) {5,490) Total funds brought forward 64,626 70,116 Total funds Carried forward 59.364 64,626 The notes on pages 6 to 8 form part of these financial statements. COUNCIL FOR THE REGISTRATION OF SCHOOLS TEACHING DYSLEXIC PUPILS TRADING AS CReSTeD BALANCE SHEET 31 AUGUST 2024 2024 2023 Notes Current assets: Debtors Cash at bank 790 59,539 1,420 64,171 Total current assets 60,329 65,591 Llabilities: Creditors.- Amounts falling due within one year Creditors- Control Account 964 964 Net current assets or liabilities 59,364 64,626 Total assets less current liabilities 59.364 64,626 The Funds of the Charity: Unrestricted funds 59,364 64,626 Total unrestricted funds 59,364 64,626 Total Charity funds 59,364 64.626 The directors consider that the Charity is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 and the directors have not required the Charity to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Act and for preparing financial statements whiGh give a true and fair view of the state of affairs of the Charity as of 3151 August 2024. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved and authori5ed for issue by the board on Date: and si behalf by T M Armstrong - Inter The notes on pages 6 to 8 form part of these financial statements. COUNCIL FOR THE REGISTRATION OF SCHOOLS TEACHING DYSLEXIC PUPILS TRADING AS CReSTeD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 AUGUST 2024 1. ACCOUNTING POLICIES (a) Accountlng convention The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. (b) Incoming Resources Income comprises annual registration fees and visit fees,. these are invoiced annually and are recognised as income in the accounts as follows- a) for visits, income is recognised when the visit is performed and b) the registration fee is recognised as income in the year to which the annual fee covers. Any invoiced amounts relating to visits or fees for future periods are carried forward for recognition as income in those future periods. {c) Basis of apportionment of expenditure The expenditure of the Charity includes all costs directly relating to the objects of the Charity including costs involved in sUPPOrting that work. Support costs are administration staff and shared overhead costs. Governance costs include those costs connected with the management of the Charity's assets, organisational management and administration and compliance with constitution81 and statutory requirements_ 2. DIRECTORS REMUNERATION During the year, no directors received any emoluments (2023 - £nil). 3. INCOME AND ENDOWNMENTS FROM: 2024 Unrestricted Funds 2023 Unrestricted Funds Activities in the furtherance of the Charity's objects: Registration and visiting fees Deferred Income Other Income 31,355 33,715 1,737 98 33,092 33,813 COUNCIL FOR THE REGISTRATION OF SCHOOLS TEACHING DYSLEXIC PUPILS TRADING AS CReSTeD NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDING 31 AUGUST 2024 4. EXPENDITURE ON: 2024 Unrestricted Funds 2023 Unrestricted Funds Support Costs Administration Premises expenses Insurance Sundries Publicity and advertising (include internet) Printing and photocopying Consultsnts, training and visiting fees 10,651 1,130 1,282 1,275 4,465 10,247 1,130 1,171 33 6,482 24 18,502 16,631 35,434 37,589 Govemance Costs Committee meeting expenses Independent Examination 1,990 930 814 900 2,920 1,714 5. DEBTORS 2024 2023 Due within one year Visit and registration fees Prepayments 630 790 790 790 1,420 6. CREDITORS 2024 2023 Trade Creditors Deferred Income Accruals Creditors Control Account 964 964 965 965 COUNCIL FOR THE REGISTRATION OF SCHOOLS TEACHING DYSLEXIC PUPILS TRADING AS CReSTeD NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDING 31 AUGUST 2024 7. FUNDS 2024 2023 Opening balance Unrestricted Funds Net (outgoing)lincoming resources for the perii)d 64.626 (5,2621 70,116 {5,490} Closing balance Unrestricted Funds 31 August 59.364 64,626 8. MEMBERS GUARANTEE Every member of the Charity undertakes to contribute a sum not exceeding £10 to the Charity's assets should the Charity be wound up. This applies only to the current members and those whose membership ceased within one year after of the Charity being wound up. It relates to the Charity's'debts and liabilities contracted before they ceased to be a member and of the costs, charges and expenses of winding up and for the adjustment of the rights of the contrtbutors among themselves There were ten members during the financial year 2023-2024. 9. TRANSACTIONS WITH DIRECTORS A total amount of £432 was reimbursed to four directors who incurred expenses for travel on behalf of the Charity during this financial year.