Charity registration number 1062823 (England and Wales) Company registration number 03266266 DOWN SYNDROME EDUCATION INTERNATIONAL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Samuel Brenton Mrs S J Redman Mrs K Sammon Ms R R Smith MrAdam Pilling Mrs Stephanie Pilling Mrs Kelly Trevor Senior management Mr F Buckley Professor S Buckley OBE Chief executive officer Chief scientist Secretary DrA Buckley Charity number 1062823 Company number 03266266 Registered office 6 Underlay Business Centre Kirkby Lonsdale Cumbria LA6 2DY England LA6 2DY Independent examiner James Todd and Co Limited Drayton House Drayton Lane Chichester West Sussex England P020 2EW Bankers HSBC Bank pl¢ 118 Commercial Road Portsmouth Hampshire P01 1EP Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL CONTENTS Page Chairman's statement Trustees, report Independent examinels report Statement of financial activities Balance sheet Notes to the financial statements 9-20 Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also directors of the charity for the purposes of the Charity Act 2006 present their report th the financial statements of the charity for the year ended 31 Dember 2024. The trustees have adopted the provisions ofAccounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordan wth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2015). Chainnan's report During 2024, the charity continued to develop and deliver innovative services and resources providing evidence-based advice to families and professionals supporting young people with Down Syndrome around the world. The charity's services and resources build on the available scientific research and the charity's extensive experience to offer practical practical and effective approaches to improving developmental and educational outcomes for children with Down Syndrome. We continue to invest in the development of new teaching resources and apps and online support services. Increasingly, we are working to integrate these to develop eVidenCbaSed and data driven support systems that will offer effective support to families and professionals at scale. These continuing investments underpin an expanding range of digital resources and services that can be more economically adapted, translated and distributed to better support children wth Down syndrome and their families globally. They also offer new opportunities for recording and reporting individual progress to families and educators, and for large-scale data collection to inform future research. I would like to thank my fellow Trustees, for their sustained efforts, and our staff for their commitment and hard work. I would also like to thank our donors for their generous support for better education for children with Down Syndrome. JaftL Mr Samuel Brenton Chairman Dated= 2210912025 Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who are also directors of the charity for the purposes of the Charity Act 2006 present their report th the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities. Statement of Recommended Practi 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 2015). The financial slatements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Chanty's goveming document, the Companies Act 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 Practi applicable to charities preparing their accounts in accordance with the Financial Reportj'ng Standard applicable in the UK and Republic of Ireland (FRS 102)" Objectives and activities Down Syndrome Education Intemational works to improve developmental and educational outcomes for young people with Down syndrome, helping them to lead more independent, rewarding and fulfilling lives. Our scientific research, publications and seIS deliver lasting gains in speech and language, reading and literacy, number and maths, memory and cognitive skills. and social development for children with Down syndrome. The charity is headquartered in the UK and works in close collaboration with an associated nonprofit organisation based in the USA. The charity's publications and services are delivered through a UK-based subsidiary social enterprise company. Our principal activities are scientific research, and information, training and consulting services. Public Benefit The trustees have complied with the duty in Section 4 of the 2011 Charities Act. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake. Research activities Our research strategy focuses on human developmental and cognitive research designed to identify interventions that improve speech. language and communication skills, enhance cognitive development, raise levels of achievement in literacy and numeracy, and support effective inclusion in schools and the wider community. Our research began over 40 years ago with a project at the University of Portsmouth, UK, that investigated teaching reading to young children with Down syndrome. Since 1987, the charity has conducted, sponsored and supported studies investigating a wide variety of topics relevant to improving developmental and educational outcomes for children wilh Down syndrome. These include cognitive development, speech, language, reading, numeracy and maths, social and behavioural development and sleep. The charity hosted the 2023 Down Syndrome Research Forum online, bringing together researchers, professionals and family members from around the UK and across the world. The charity is currently collaborating with, and supporting projects at, several universities, including the University of Reading, UK, Lancaster University, UK. the University of York, UK, and Arizona State University, Tempe. AZ, USA. Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Information services Our infomiation services provide broad access to reliable. eVidenCbaSed infomiation and advice to families, professionals and organisations around the world, helping them to provide effective educational support for children with Down syndrome. During 2024, we continued to offer extensive infomation online. We also continued to develop further steps in See and Leam Language and Reading, See and Learn Speech, See and Leam Memory and See and Leam Numbers. Training, consulting and advocacy During 2024, we continued to provide online courses offering training and advice to teachers, therapists, assistants and families around the world. Individual advice services The charity's subsidiary soaal enterprise continued to invest in the development of digital support services and resources that will offer more personalised support for individual d)ildren, based on each child's individual rates of progress and needs. The subsidiary social enterprise has invested in data collection and analysis systems that 11 link teaching apps and other online services with new data-driven and evidence-based advice systems. The charity believes that these new services offer a way to deliver higher quality SUPPOrt to substantially more families in more countries more efficiently than traditional books, teaching materials and training seNices. The subsidiary expects to launch the first of these new services in 2025. Financial review Throughout 2024, the charity continued to focus on developing new ServIS and resources - largely through its subsidiary social enterprise. Our goal remains to raise and disburse funds for scientific research and other purposes improving education for children wth Down syndrome while maintaining minimal fixed overheads. We continue to work towards this goal by delivering a growing range of evidence-based teaching resources, publications and training services on a social enterprise basis. Charitsble income totalled £29,697{2023'. £22,163) and other income totalled £26,400{2023'. £26,400). Expenditure totalled £42.667 (2023.. £44,896). leaving net income of £13,430(2023= £3.667). During 2024, the charity's social enterprise subsidiary's revenue totalled £282.424 (2023.. £245.762) and net operating surplus totalled £24,127 (2023.. £6,058 defiat). The trustees anticipate future reductions in the birth rates of children wth Down syndrome in wealthier countries. The likely impact has been factored into the group's strategic planning. The group is continuing to develop new and updated teaching reSoUrs, apps. online courses and books and expects to continue doing so through 2026 and beyond. Meanwhile. fundraising efforts are prioritising raising funds for new research projects. Reserves policy The trustees regularly review the free reserves of the charity. vthich are those unrestricted funds not held in fixed assets, investments, designated for speafic purposes or otherwise committed. These reviews encompass the nature of the income and expenditure streams, the need to match variable income with fixed commitments and the nature of the reserves. The trustees consider the primary purpose trading activities of the charity's subsidiary company within Ihese reviews. The latest review concluded that to allow the charity to be managed efficiently and to provide a buffer for uninterrupted services, free reserves equivalent to at least 3 months, expendilure should be accumulated. The charity's free reserves (being unrestricted funds less fixed assets) at 31 December 2024 were £132,235 {2023= £118,805). Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Restricted funds Restricted funds at 31 Dember 2024 totalled £32,690 (2023: £32,690). Investments Dowrt Syndrome Education Intemational owns the entire issued share capital of Down Syndrome Education Enterprises CIC of 480,000 ordinary shares of £1 each (2023.. 480,000 shares of £1). This programme related investment furthers the development and distribution of specialist publications and materials, and the supply of specialist training and consulting services. in support of the charity's primary social purpose. Going concern Down Syndrome Education International continues to diversfy income sources, grow social enterprise activities and identify opportunities for efficiency improvements. The trustees are satisfied that the right strategies and plans are in place to ensure that the Group will continue to operate for the foreseeable future and that it will continue to maximise impact for its beneficiaries. Structure, governance and management Governing document The charity is controlled by its goveming document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the CompaniesAct 2006. Down Syndrome Education International is govemed by a Memorandum of Association dated 7 October 1996, as amended on 20 May 2008. Governance Overall responsibility for the directiorr and performan of the charity resides with Board of Trustees. The Trustees meet regularly to review strategy, operational progress and financial performance. Members include individuals with a wide range of applicable skn'lls and experien, many of whom are relatives of people with Down syndrome. Structure Down Syndrome Education International (DSEI) is a company limited by guarantee, registered in England, number 3266266. and is a UK registered charity. number 1062823. Down Syndrome Education Enterprises CIC {DSEE) is a community interest company, registered in England, number 2413145, that is wholly owned by Down Syndrome Education International. Down Syndrome Education USA {DSEUSA) is a nonprofit organisation, incorporated in Califomia, USA, and exempt from Federal income tax under section 501{c){3) of the Internal Revenue Code, EIN 26-2566125. DSEUSA and DSEI share common goals, and collaborate dosely under a partnership agreement. Trustees The Trustees, who are also the directors for the purpose of Company law, and vtho served during the year and up to the date of signature of the finanaal statements were-. Mr PA McLaughlin (Resigned 12 February 2025) Mr Samuel Brenton Mrs S J Redman Mrs K Sammon Ms R R Smith Mr Adam Pilling Mrs Stephanie Pilling Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Mrs Kelly Trevor Recruitment and appointment of new trustees Trustees are appointed by the existing Board of Trustees. The Board of Trustees recwits new members from among supporters, beneficiaries, service users and other interested persons. The Board aims to maintain a range of skills and experiences from across a variety of industries and professions. and across profit. not-for- profit and public sector organisations. Operational responsibility Day-t(>day operational responsibility is delegated to the CEO. Induction and training of Trustees New Trustees receive strategic plans, operational plans and budgets. information leaflets, prior meeting minutes and similar materials. New Trustees are also invited to spend time seeing all the charity activities in action and meeting the staff, and to meet families and professionals who use the charity's services. Related parties Down Syndrome Education International owns Down Syndrome Education Enterprises and has the power to appoint Directors. Professor Sue Buckley OBE has led the research work of the charity Sin 1986. Mr Frank Buckley is Professor Buckley's son. Frank was appointed a Director of Down Syndrome Education Enterprises CIC in October 1996, and served as the Finance and Operations Director and Company Secretary of both Down Syndrome Education International and Down Syndrome Education Enterprises CIC from April 1997. In September 2007, Frank Buckley was appointed CEO of Down Syndrome Education Intemational. DrAngela Byme has been employed by the charity Sin 1997. Dr Byrne married Frank Buckley in April 2003. Frank Buckley also seNes as the President and CEO of Down Syndrome Education USA. Many of our Trustees are dose relatives of young people with Down syndrome. Their families benefited from the charity's services during the year on the same basis. temis and conditions as other families. Conflict of interest policy Down Syndrome Education Intemational has a robust Conflict of Interest Policy that applies to all Trustees, Directors and staff of Down Syndrome Education Intemational and its associated companies. The policy is reviewed annually. Risk management The Board of Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operation and finances of the charity and are satisfied that systems are in place to manage those risks. The Trustees, report was approved by the Board of Trustees. *v 6th. Mr Samuel Brenton Trustee Dated= ...22 J. 091.2025 Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DOWN SYNDROME EDUCATION INTERNATIONAL I report to the Trustees on my examination of the financial statements of Down Syndrome Education Intemational (the Charity) for the year ended 31 December 2024. Responsibilities and basis of report As the Trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself 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 independenl examination, I report in respect of my examination of the Charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examinerfs statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006. the financial statements do not acrd th those records" or the financial slatements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordan with the methods and principles of the statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their financial statements in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I have no concerns and have Come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Julie Watts FCCAACA James Todd and Co Limited Drayton House Drayton Lane Chichester West Sussex P020 2EW England 2910912025 Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies other trading activities Investments other income 28,188 1,482 27 26,400 28,188 1,482 27 26,400 20,615 1,548 20,615 1,548 26,400 26,400 Total income 56,097 56,097 48,563 48,563 Expenditure on: Raising funds Charitable activities 222 42.445 222 42.445 222 44,674 222 44,674 Total expenditure 42.667 42.667 44.896 44,896 Net income and movement in funds 13,430 13,430 3,667 3,667 Reconciliation of funds: Fund balances at 1 January 2024 218,805 32,690 251.495 215.138 32,690 247.828 Fund balances at 31 December 2024 232,235 32,690 264,925 218,805 32,690 251,495 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Investments 14 100.000 100,000 Current assets Debtors Cash at bank and in hand 15 185.312 1,303 179.921 2,254 186,615 182,175 Creditors: amounts falling due within one year 17 (21.690) (30,680) Net current assets 164.925 151,495 Total assets less current liabilities 264.925 251.495 The funds of the Charity Restricted income funds Unrestricted funds 18 19 32,690 232,235 32,690 218,805 264,925 251,495 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 Dember 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 th respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial ststements were approved by the Trustees on 2210912025 Mr Samuel Brenton Trustee Ms R R Smith Trustee Company registration number 03266266 (England and Vlales) Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity information Down Syndrome Education Intemational is a private company limited by guarantee incorporated in England and Wales. The registered Offi is 6 Undeday Business Centre, Kirkby Lonsdale, Cumbria, LA6 2DY, England. 1.1 Basis of preparation The financial statements have been prepared in accordan v¥ith the Charity's goveming document, the Companies Act 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 (FRS 102)" The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical Cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. Group accounts have not been prepared on the basis that the group is small. 1.2 Going concern At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {Continued) 1.4 Income Income, including donations, legaaes and investment income is recognised in the period in which the organisation is entitled to the reIpt and the amount can be measured with reasonable certainty. Income is deferred only when the organisation has lo fvlfil conditions before becoming entitled to it or where the donor has specified that the income is to expended in the future period. Voluntary income is received by way of grants, donations and gifts included in fvll in the Statement of Financial Activities when receivable. Grants, including grants for the purchase of fixed assets, vh)ere entitlement is not conditional on the delivery to a specific performance by the charity. are recognised in full when the charity becomes unconditionally entitled to the grant. Income resources from grants. the receipts or retention of which depends on explicit perfom)ance-related criteria, are accounted for as the charity eams the right to consideration by its performance. Legacies are included when the Charity is advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quantified. Trading income is recognised net of value added tax and trade discounts when re1Vable. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single adivty are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. 10- Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {Continued) All expenditure is included on an accruals basis and is regnised when there is a legal or constructive obligation to pay for expenditure, indusive of any VAT vthich cannot be recovered. Irrecoverable VAT is charged against the category of resources expended for which it was incurred. Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds. Charitable activities include expenditure associated with research, information dissemination and advisory and education services and include both the direct costs and support costs relating to these activities. Costs relating to a particular activty are allocated directly. Staff costs are allocated to activities and projects according to the time spent. Support costs include administrative, accounting and technical support functions and property overheads and have been allocated to activity costs categorises on a basis consistent with the use of resources. Govemance costs include those incurred in the govemance of the charity and its assets and are primarily associated with constitutional and statutory requirements. Grants offered subject to condits'ons vthich have not been met at the year end date are noted as a commitment but not accrued as expenditure. Allocation and apportionment of costs Costs are allocated to activities incurred. Costs directly attributable to the expenditure of restricted funds are allocated against those funds directly. Other costs are apportioned on the basis of time spent on activities funded from the restricted funds. 1.6 Intangible fixed assets other than goodwill Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Internet Domain Names Research and Development 100A on cost 100A on cost 1.7 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases= Fixtures and fittings 20% on Cost The gain or loss arising on the disposal of an asset is detemiined as the difference belween the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.8 Fixed asset investments An associate is an entity, being neither a subsidiary nor a joint venture, in which the Charity holds a long-term interest and where the Charity has significant influence. The Charity considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate. Entities in which the Charity has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities. 11 Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {Continued) 1.9 Financial instruments Debtors Short term debtors are measured at transaction pri (which is usually the retail or invoice price), less any impaimient losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction pri including any transaction costs and subsequently measured at amortised cost detemiined using the effective interest method. less any impaimient losses for bad or doubtful debts. Creditors Short temi creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost detemiined using the effective interest method. 1.10 Taxation The charity is exempt from corporation tax on its charitable activites. 1.11 Employee benefits The cost of any unused holiday entitlement 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 to terminate the employment of an employee or to provide temiination benefits. Transactions denominated in foreign currencies are translated at the rate of exchange prevailing at the time of the transaction. Foreign currency balances are translated at the rate of exchange prevailing at the balance sheet date. 1.12 Social investments Social investments are measured at cost less impaimient. 1.13 Related party exemption The charitable company has taken advantage of the exemption. under the terms of Financial Reporting standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,, not to disclose related party transactions with wholly owned subsidiaries within the group. Donations and legacies Unrestricted Unrestricted funds funds 2024 2023 Donations and gifts PR Grants 14,700 13,488 7,203 13,412 28,188 20.615 12- Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from other trading activities Unrestricted Unrestricted funds funds 2024 2023 Fundraising events 1,482 1,548 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 27 Other income Unrestricted Unrestricted funds funds 2024 2023 Rents reiVed 26,400 26,400 Raising funds Unrestricted Unrestricted funds funds 2024 2023 Fundraisin and ublici Direct cost of events and appeals 222 222 222 222 13- Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charitable activities Charitable activities 2024 Charitable activities 2023 Direct costs Rates and water Propety costs Heat, telecoms and IT Minor equipment and Soare 1,836 28,332 5,839 432 1,852 28,332 6,018 520 36,439 36,722 Share of support and governance costs Isee note 8) Support Governan 2,924 3,082 3.104 4.848 42,445 44,674 Analysis by fund Unrestricted funds 42,445 44,674 Support costs Support Governance costs costs 2024Support costs Governance costs 2023 Exchange Losses Insurance Bank charges Credit card charges Sundries 56 2,097 217 346 208 67 2,059 405 317 256 67 2,059 405 317 256 2,097 217 208 Independent examiner fees General govemance costs 3,000 3,000 4,560 4,560 82 82 288 288 2.924 3.082 6.oc 3.104 4,848 7,952 Analysed between Charitable activities 2.924 3.082 6.oc 3.104 4,848 7.952 Governance costs includes payments to the independent examiners of £2,400 (2023- £4,560) for the independent examination fees. 14- Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Net movement in funds 2024 2023 The net movement in funds is stated after chargingl{crediting)'. Exchange losses Fees payable for the independent examination of the charity's financial statements 56 67 3,000 4,560 10 Trustees None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Total There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows: 12 Intangible fixed assets Intemet Research and Domain Development Names Total Cost At 1 January 2024 and 31 December 2024 1.235 94 1.329 Amortisation and impairment At 1 January 2024 and 31 December 2024 1,235 94 1,329 Carrying amount At 31 December 2024 At 31 December 2023 15- Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Tangible fixed assets Fixtures and fittings Cost At 1 January 2024 5,315 At 31 December 2024 5.315 Depreciation and impairment At l January 2024 5,315 At 31 December 2024 5,315 Carrying amount At 31 December 2024 At 31 December 2023 16- Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Fixed asset investments Other investments Cost or valuation At 1 January 2024 & 31 December 2024 100,000 Carrying amount At 31 December 2024 100.000 At 31 December 2023 100,000 2024 2023 Other investments comprise.. Notes Investments in subsidiaries 22 100,000 100.000 The investment has a historic cost value of £480,000 and has been impared to a market value of £100,000 (2023.. £100,000). 15 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Amounts owed by subsidiary undertakings Other debtors Prepayments and accrued income 500 173,727 507 5,187 179,427 713 5,172 185,312 179,921 16 Loans and overdrafts 2024 2023 Bank overdrafts 49 32 Payable within one year 49 32 17- Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 17 Creditors: amounts falling due within one year 2024 2023 Notes Bank overdrafts Trade creditors Other creditors Accruals and deferred income 16 49 4.334 11.907 5,400 32 2.656 21.932 6,060 21,690 30,680 18 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 January 2024 At31 December 2024 Sue Buckley Research Fund See and Learn materials See and Learn numbers (Big Lottery Fund) Research Fund - General Speech and language intervention 5,487 50 10,215 166 16,772 5,487 50 10,215 166 16,772 32,690 32,690 Previous year: At 1 January 2023 At31 December 2023 Sue Buckley Research Fund See and Learn materials See and Learn numbers (Big Lottery Fund) Research Fund - General Speech and language inteNention 5.487 50 10,215 166 16,772 5.487 50 10,215 166 16,772 32,690 32,690 18- Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Restricted funds {Continued) Sue Buckley Research Fund A fund dedicated to research advancing our understanding of effective approaches to improve education OLrtcomes for children wth Down Syndrome. Internet Dissemination and Services Funds for developing online information dissemination servIs. Ideo Production - Reading Fund for developing an instructional video on teaching reading to children wth Down Syndrome. Reading and language inteNention Texas pilot Funds for a project trailing a reading and language intervention. Sea and Lean materials Funds for the development of materials and software to support and promote effective, targeted early language, speech, number and memory interventions. See and Learn numbers (BIG Lottery Fund) A Fund dedicated to developing specialist, evidentrbased teaching methods, materials and apps designed to improve early number skills for children with Down Syndrome. Research Fund - General Funds for scientific research investigating the development of speech and language skills for children with Down Syndrome. Speech and language intervention Funds to evaluate interventions designed to improve speech and language outcomes for children with Down Syndrome. 19 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balanS of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 January 2024 Incoming resources Resources expended At31 December 2024 General funds 218,805 56,097 (42,667) 232,235 Previous year: At 1 January 2023 Incoming sources Resources expended At31 December 2023 General funds 215,138 48,563 (44,896) 218,805 19- Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c
DOWN SYNDROME EDUCATION INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 December 2024: Investments Current assetsl{liabilities) 100,000 132,235 100,000 164,925 32,690 232,235 32,690 264,925 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 December 2023: Investments Current assetsl{liabilities) 100.000 118.805 100,000 151,495 32,690 218.805 32.690 251.495 21 Related party transactions There were no disdosable related paty transactions during the year (2023 - none). 22 Subsidiaries Details of the Charity's subsidiaries at 31 December 2024 are as follows= Name of undertaking Registered office Nature of business Class of shares held 'A Held Direct Indirect Down Syndrome Education England and Enterprises CIC Vwdles Production of leaming Ordinary materials for people with Down share capitsl Syndrome 100.00 Down Syndrome Education Intemational owns the entire issued share capital of 480,000. The Trustees consider the fair value of the shares to be £100.000. The aggregate capital and reserves as at 31 December 2024 are £62,063 (2023= £37,936) and the surplus for the year of £24,127 (2023.. deficit for the year of £6,058). -20- Doc ID.. 819a29fad70606dfb08951 d6720696fcced40b8c