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##
||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|||
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||||||||||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|
##
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##
||||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|
##
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##
|||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||
##
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##
##
||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)|
##
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