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2020-08-31-accounts

Page
Report ofthe Trustees 2to 26
Report ofthe Independent
Auditors		 27to 28
Statement of Financial Activities 29
Balance Sheet 30to 31
Cash Flow Statement 32
Notes to the Cash Flow Statement 33
Notes to the Financial Statements 34to 44

Registered Charity Number Number 1064646
Registered Company Number 3432423 (England
and Wales)
Patron HRH Princess Beatrice
Trustees (Directors) Michael-John
Albert BCom (Hons) CA(SA) CA-		 Treasurer
Tom Arkell
Tim Harrison
Gary Hay BA (Hans), MBA —Chair
Simon Hepher
MRICS
Jonathan
Hetherington		 BA (Hons), MSc {Ed),QTS
Peter Hughes
BA (Hons), ACMA —Treasurer —retired 31.5.20
Geraldine
Price PhD, MA {Special Education),		 BA, RSA Dip. SpLD, RSA
Dip. TESL,AMBDA, SpLD APC
Jilly Steventon
MSc —retired 31.5.20
Pete Watson BSc(Hons)
Chief Executive Andy Cook MA (Cantab)
Registered Office Helen Arkell Dyslexia Charity,
Arkell
Lane
Frensham
Farnham
Surrey GU10 3BL
Web site www. helenarkell. org.uk
Auditors HPCA Ltcl
Chartered
Accountants		 and Statutory Auditors
Station House
Connaught
Road
Brookwood
Woking
Surrey GU240ER
Bankers Lloyds Bank, Farnham, Surrey

2020 2019
Unrestricted
funds		 Restricted Total funds Total funds
funds
Note E f
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 92,084 79,550 171,634 169,312
Charitable
activities
Bookshop 42,901 42,901 60,405
Tuition 142,712 142,712 176,225
Assessments 556,444 556,444 607,066
Courses 253,572 253,572 333,046
Other 2,527 2,527 9,792
Central staff 5,990 5,990
Shared overheads 501 501
Other trading activities 4,952 12,625 17,577 9,977
Investment
income		 73 73 56
Total 1,101,756 92,175 1,193,931 1,365,879
EXPENDITURE ON
Raising funds 7,666 7,666 7,731
Charitable
activities
Bookshop 34,332 34,332 43,259
Tuition 112,204 9,206 121,410 138,668
Assessments 452,087 74,378 526,465 527,375
Courses 263,582 263,582 259,946
Other 459 459 31,765
Central staff 147,841 147,841 155,466
Shared overheads 151,547 630 152,177 170,390
Total 1,169,718 84,214 1,253,932 1,334,600
NET INCOME/(EXPENDITURE) (67,962) 7,961 (60,001) 31,279
Transfers between funds 21 11,946 (11,946)
Net movement in funds (56,016) (3,985) (60,001) 31,279
RECONCILIATION OF FUNDS
Total funds brought forward 118,665 55,653 174,318 143,039
TOTAL FUNDS CARRIED FORWARD 62,649 51,668 114,317 174,318

BALANCE SHEET BALANCE SHEET BALANCE SHEET BALANCE SHEET
At 31 Au ust 2020
2020 2019
Unrestricted Restricted Total funds Total funds
funds funds
Not f E E E
es
FIXEDASSETS
Intangible
assets		 13 9,156 9,156 19,008
Tangible assets 14 9,633 9,633 5,970
18,789 18,789 24,978
CURRENT ASSETS
Stocks 15 30,520 30,520 34,050
Debtors 16 93,194 93,194 192,867
Cash at bank and in hand 258,224 51,668 309,892 218,681
381,938 51,668 433,606 445,598
CREDITORS
Amounts
falling due within one year		 17 (247,211) (247,211) (296,258)
NET CURRENT ASSETS 134,727 51,668 186,395 149,340
TOTAL ASSETS LESSCURRENT LIABILITIES
153,516 51,668 205,184 174,318
CREDITORS
Amounts
falling due after more than one year		 18 (90,867) (90,867)
NET ASSETS 62,649 51,668 114,317 174,318
FUNDS 21
Unrestricted
funds		 62,649 11&,665
Restricted
funds		 51,668 55,653
TOTAL FUNDS 114,317 174,318

f or the ear ended 31Au ust 2020
2020 2019
Notes f f
Cash flows from operating activities:
Cash generated
from operations		 6,615 (65,883)
interest
paid		 (501)
Net cash provided
by (used in) operating		 activities 6,114 (65,883)
Cash flows from investing activities:
Purchase of intangible
fixed assets		 (2,100) (4,215)
Purchase oftangible
fixed		 assets (6,876) (3,030)
interest received 73 56
Net cash provided
by (used in) investing		 activities (8,903) (7,189)
Cash flows from financing activities:
New loans
in year		 94,000
Net cash provided
by (used in) financing		 activities 94,000
Change
in cash and cash equivalents		 in the
reporting
period		 91,211 (73,072)
Cash and cash equivalents at the beginning ofthe
reporting
period		 218,681 291,753
Cash and cash equivalents at the end of the
reporting
period		 309,892 218,681

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES TO NET CASH FLOW FROM OPERATING ACTIVITIES
2020 2019
Net income/(expenditure) for the reporting period (as per the statement; of
financial activities) (60,001) 31,279
Adjustments
for:
Depreciation
charges		 15,164 15,229
interest received (73) (56)
Interest
paid		 501
Decrease/(increase) in stocks 3,530 (2,710)
Decrease/(increase) in debtors 99,673 (61,628)
Decrease in creditors (52,179) (47,997)
Net cash provided by (used in) operating activities 6,615 (65,883)
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.9.19 Cash flow At 31.8.20
E E E
Net cash
Cash at bank and in hand 218,681 91,211 309,892
Debt
Debts falling due within one year (3,133) (3,133)
Debts falling due after one year (90,867) (90,867)
(94,000) (94,000)
Total 218,681 (2,789) 215,892

NOTES TO THE FINANCIAL STATEMENTS - CONTINUED NOTES TO THE FINANCIAL STATEMENTS - CONTINUED NOTES TO THE FINANCIAL STATEMENTS - CONTINUED
for the ear ended 31Au ust 2020
2. DONATIONS AND LEGACIES
2020 2019
E E
Donations 166,634 169,312
Legacies 5,000
171,634 169,312
3. OTHER TRADING ACTIVITIES
2020 2019
E f
Fundraising events 17,577 9,977
4. INVESTMENT INCOME
2020 2019
E E
Deposit account interest 56
S. INCOME FROM CHARITABLE ACTIVITIES
2020 2019
Activity E f
Income Bookshop 39,171 60,405
QRS Income Bookshop 3,730
Income Tuition 137,966 176,225
QRS income Tuition 4,746
Income Assessments 519,114 607,066
QRS Income Assessments 37,330
Income Courses 214,471 333,046
QRS Income Courses 39,101
Income Other 2,527 9,792
QRS Income Central staff 5,990
CBILIncome Shared overheads 501
1,004,647 1,186,534

2020 2019
E E
7,666 7731

Direct costs Support costs Totals
(See note 8)
E f E
Bookshop 34,332 34,332
Tuition 121,410 121,410
Assessments 525,448 1,017 526,465
Courses 262,992 590 263,582
Other 427 32 459
Central staff 147,841 147,841
Shared overheads 152,177 152,177
1,092,450 153,816 1,246,266

Governance
Management Finance costs Totals
E f E E
Assessments 1,017 1,017
Courses 590 590
Other 32 32
Shared overheads 146,176 501 5,500 152,177
147,815 501 5,500 153,816

2020 2019
E E
Auditors' remuneration 5,500 5,500
Depreciation
—owned		 assets 3,213 4,219
Website amortisation 11,952 11,010

2020 2019
E E
Wages and salaries 641,362 591,517
Social security costs 50,570 47,973
Other pension costs 12,134 11,262
704,066 650,752
2020 2019
Charitable activities 46 39
Fundraising &Communications 2 2
Support Services 2 3
50

Unrestricted Restricted Total funds
funds funds
f E f
INCOME AND ENDOWMENTS FROM
Donations and legacies 68,774 100,538 169,312
Charitable activities
Bookshop 60,405 60,405
Tuition 176,225 176,225
Assessments 607,066 607,066
Courses 333,046 333,046
Other 9,792 9,792
Other trading activities 9,977 9,977
Investment income 56 56
Total 1,265,341 100,538 1,365,879

COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued		 COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued		 COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued		 COMPARATIVES
FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total funds
funds funds
E E f
EXPENDITURE ON
Raising funds 7,731 7,731
Charitable
activities
Bookshop 43,259 43,259
Tuition 131,111 7,557 138,668
Assessments 486,214 41,161 527,375
Courses 259,946 259,946
Other 7,540 24,225 31,765
Central staff 155,466 155,466
Shared overheads 169,540 850 170,390
Total 1,260,807 73,793 1,334,600
NET INCOME/(EXPENDITURE) 4,534 26,745 31,279
Transfers between funds 1,530 (1,530)
Net movement
in		 funds 6,064 25,215 31,279
RECONCILIATION OF FUNDS
Total funds brought forward 112,601 30,438 143,039
TOTAL FUNDS CARRIED FORWARD 118,665 55,653 174,318

Website
E
COST
At 1September 2019 57,622
Additions 2,100
At 31August 2020 59,722

TANGIBLE FIXEDASSETS
Improvements Plant and Fixtures and
to property
f		 machinery
E		 fittings
f		 Totals
f
COST
At 1September 2019 78,556 78,765 15,161 172,482
Additions 2,114 4,762 6,876
At 31August 2020 80,670 83,527 15,161 179,358
DEPRECIATION
At 1September 2019 78,556 75,692 12,264 166,512
Charge for year 2,133 1,080 3,213
At 31August 2020 78,556 77,825 13,344 169,725
NET BOOK VALUE
At 31August 2020 2,114 5,702 1,817 9,633
At 31August 2019 3,073 2,897 5,970
STOCKS
2020 2019
E E
Stocks 30,520 34,050

2020 2019
f f
Trade debtors 85,336 186,838
Prepayments and accrued income 7,858 6,029
93,194 192,867

2020 2019
f f
Bank loans and overdrafts (see note 19) 3,133
Trade creditors 4,096 10,257
Social security and other taxes 13,976 12,504
VAT 139 29
Accruals and deferred income 114,355 257,962
Accrued expenses 38,162 15,506
Deferred income -19/20 Courses 73,350
247,211 296,258

2020 2019
f f
Bank loans (see note 19) 90,867

2020 2019
E E
Within one year 17,949 20,783
Between one and five years 9,457 27,406
27,406 48,189

Net movement Transfers Transfers
At 1.9.19 in funds between funds At 31.8.20
f f f f
Unrestricted
funds
General fund 118,665 {67,962) 11,946 62,649
Restricted funds
Downlands
Educational		 Trust 40,478 (14,688) 25,790
Farnham
Institute		 Charity 630 (630)
Restricted
Bursaries		 5,155 30,524 (11,946) 23,733
FAST Projects 9,390 (7,245) 2,145
55,653 7,961 (11,946) 51,668
TOTAL FUNDS 174,318 (60,001) 114,317
Net movement
in funds,		 included in the above are as follows:
Incoming Resources Movement
in
resources expended funds
E f E
Unrestricted
funds
General
fund		 1,101,756 (1,169,718) (67,962)
Restricted funds
Downlands
Educational		 Trust {14,688) (14,688)
Farnham
Institute		 Charity (630) (630)
Restricted
Bursaries		 92,175 (61,651) 30,524
FAST Projects (7,245) (7,245)
92,175 (84,214) 7,961
TOTAL FUNDS 1,193,931 (1,253,932) (60,001)
Comparatives for movement for movement for movement in funds
Net movement Transfers
At 1.9.18 in funds between funds At 31.8.19
E E f E
Unrestricted Funds
General fund 111,599 18,513 (11,447) 118,665
Bursary
Fun d		 1,002 (13,979) 12,977
112,601 4,534 1,530 118,665
Restricted
Funds
Dyslexia United 24,008 (24,008)
Downlands
EducationalTrust		 3,000 37,478 40,478
Local Dyslexia Support Group 850 (850)
Manly Trust 600 (600)
Belgae Trust 450 (450)
Farnham
Institute		 Charity 1,530 630 {1,530) 630
Restricted
Bursaries		 5,155 5,155
FAST Projects 9,390 9,390
30,438 26,745 (1,530) 55,653
TOTAL FUNDS 143,039 31,279 174,318
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
in
resources expended funds
E E E
Unrestricted funds
General fund 1,264,321 (1,245,808) 18,513
Bursary Fund 1,020 (14,999) (13,979)
1,265,341 (1,260,807) 4,534
Restricted funds
Dyslexia United 217 (24,225) (24,008)
Downlands
Educational		 Trust 60,000 (22,522) 37,478
Local Dyslexia Support Group (850) (850)
Manly Trust (600) (600)
Belgae Trust (450) {450)
Farnham
Institute		 Charity 630 630
Restricted
Bursaries		 30,301 (25,146) 5,155
FAST Projects 9,390 9,390
100,538 (73,793) 26,745
TOTAL FUNDS 1,365,879 (1,334,600) 31,279

Net movement Transfers Transfers
At 1.9.18 in funds between funds At 31.8.20
f f f f
Unrestricted
funds
General fund 111,599 (49,449) 499 62,649
Bursary Fund 1,002 (13,979) 12,977
Restricted funds
Dyslexia United 24,008 (24,008)
Downlands
Educational		 Trust 3,000 22,790 25,790
Local Dyslexia Support Group 850 (850)
Manly Trust 600 (600)
Belgae Trust 450 (450)
Farnham
institute		 Charity 1,530 (1,530)
Restricted
Bursaries		 35,679 (11,946) 23,733
FAST Projects 2,145 2,145
30,438 34,706 (13,476) 51,668
TOTAL FUNDS 143,039 (28,722) 114,317
A current year 12 months and prior year 12 months combined net movement
in		 funds, included in the above
are as follows:
Incoming Resources Movement
in
resources
f		 expended
f		 funds
f
Unrestricted
funds
Genera
I fun d		 2,366,077 (2,415,526) (49,449)
Bursary Fund 1,020 (14,999) (13,979)
2,367,097 (2,430,525) (63,428)
Restricted funds
Dyslexia United 217 (24,225) (24,008)
Downlands
Educational		 Trust 60,000 (37,210) 22,790
Farnham
Institute		 Charity 630 (630)
Restricted
Bursa ries		 122,476 (86,797) 35,679
FAST Projects 9,390 (7,245) 2,145
Local Dyslexia Support Group (850) (850)
Manly Trust (600) (600)
Belgae Trust (450) (450)
192,713 (158,007) 34,706
TOTAL FUNDS 2,559,810 (2,588,532) (28,722)