2022-08-31-accounts - Helen Arkell Dyslexia Charity

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	Page
Report ofthe Trustees	2to 27
Report ofthe Independent Auditors	28to 30
Statement of Financial Activities	31to 32
Balance Sheet	33
Cash Flow Statement	34
Notes to the Cash Flow Statement	35
Notes to the Financial Statements	36to 47

Registered	Charity Number	Charity Number	1064646
Registered	Company	Number	3432423 (England and	Wales)
Patron			HRH Princess Beatrice
Vice-Patron			Susan Hampshire CBE
Trustees (Directors)			Gary Hay BA (Hons), MBA-Chair
			Michael-John Albert BCom (Hons), CA(SA),				CA	—Treasurer
			Laura Anthony BA (Hons), ATII - appointed				25.10.21
			Tom Arkell
			Joanna Dunbar-Webb	BA (Hons), LLB,		Dip	Psych, MA, CIPD—
			appointed 26.10.21
			Tim Harrison —resigned		6.9.22
			Simon Hepher MRICS
			Jonathan Hetherington		BA (Hons), Msc (Ed), QTS
			Geraldine Price PhD, MA (Special Education),					BA, RSA Dip. SpLD, RSA
			Dip. TESL, AM BDA, Sp	LD APC
			Alison Sutton —appointed 25.10.21
			Pete Watson BSc(Hons)
Chief Executive			Andy Cook MA (Cantab)
Registered	Office		Helen Arkell Dyslexia Charity
			24, West Street
			Farnham
			Surrey
			GU9 7DR
Web site			www. helenarkell. org.	uk
Auditors			HPCA Ltd
			Chartered Accountants		and Statutory	Auditors
			Station House
			Connaught Road
			Brookwood
			Woking
			Surrey
			GU24 OER
Bankers			Lloyds Bank, Farnham,		Surrey

							2022	2021
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
								as restated
				Notes				E
INCOME AND		ENDOWMENTS	FROM
Donations	and	legacies			281,175	453,478	734,653	255,122
Charitable	activities
Bookshop					44,564		44,564	48,085
Tuition					129,781		129,781	124,488
Assessments					589,115		589,115	491,329
Courses					202,189		202,189	334,219
Other					3,329		3,329	3,120
Central staff								13,690
Shared overheads								2,510
					968,978		968,978	1,017,441
Other trading		activities			13,406		13,406	3,550
Investment	income				352		352	27
Total					1,263,911	453,478	1,717,389	1,276,140
EXPENDITURE		ON
Raising funds					19,799	63,356	83,155	33,969
Charitable	activities
Bookshop					42,540		42,540	31,642
Tuition					194,234	22,396	216,630	179,859
Assessments					482,969	120,346	603,315	496,224
Courses					239,165	62,845	302,010	266,986
Central staff					121,397		121,397	116,156
Shared overheads					186,088	12,223	198,311	143,844
					1,266,393	217,810	1,484,203	1,234,711
Total					1,286,192	281,166	1,567,358	1,268,680
NET INCOME/(EXPENDITURE)					(22,281)	172,312	150,031	7,460
Transfers	between funds			22	62,953	(62,953)

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
						as restated
		Notes				E
Net movement	in funds		40,672	109,359	150,031	7,460
RECONCILIATION	OF FUNDS
Total funds brought forward			59,331	62,446	121,777	114,317
TOTAL FUNDS CARRIED FORWARD			100,003	171,805	271,808	121,777

		31A	u ust 2022
					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
						as restated
		Notes				E
FIXEDASSETS
Intangible	assets	14	32,187		32,187	19,757
Tangible	assets	15	10,425		10,425	16,432
			42,612		42,612	36,189
CURRENT	ASSETS
Stocks		16	29,924		29,924	32,228
Debtors		17	167,659		167,659	140,161
Cash at bank and in hand			198,486	259,307	457,792	477,732
			396,068	259,307	655,375	650,121
CREDITORS
Amounts	falling due within one year	18	(285,410)	(87,502)	(372,912)	(379,966)
NET CURRENT ASSETS			110,658	171,805	282,463	270,155
TOTAL ASSETS LESSCURRENT LIABILITIES
			153,270	171,805	325,075	306,344
CREDITORS
Amounts	falling due after more than one year	19	(53,267)		(53,267)	(184,567)
NET ASSETS			100,003	171,805	271,808	121,777
FUNDS		22
Unrestricted funds					100,003	59,331
Restricted	funds				171,805	62,446
TOTAL FUNDS					271,808	121,777

					CASH FLOW STATEMENT	CASH FLOW STATEMENT
				for	the	ear ended 31Au ust	2022
							2022	2021
								as restated
					Notes			f
Cash flows from	operating	activities
Cash generated	from operations						24,057	200,844
Interest paid							(2,994)	(3,001)
Net cash provided by operating activities							21,063	197,843
Cash flows from	investing	activities
Purchase ofintangible fixed assets							(16,995)	(15,800)
Purchase oftangible fixed		assets					(5,559)	(11,09&)
Interest received							352	27
Net cash used in	investing	activities					(22,202)	(26,871)
Cash flows from	financing	activities
Loan repayments	in year						(18,&01)	(3,132)
Net cash (used in)/provided		by financing		activities			(18,801)	(3,132)
Change in cash and cash equivalents			in	the
reporting period							(19,940)	167,840
Cash and cash equivalents		at the beginning
ofthe reporting	period						477,732	309,892
Cash and cash equivalents		at the end	of
the reporting period							457,792	477,732

		for the ear ende	for the ear ende	for the ear ende	d 31Au ust	2022
1.	RECONCILIATION	OF NET INCOME/(EXPENDITURE)			TO NET CASH	FLOW FROM	OPERATING ACTIVITIES
							2022	2021
								as restated
							f	f
	Net income/(expenditure)		forthe reporting	period	(as per the
	Statement of Financial Activities)						150,031	7,460
	Adjustments for:
	Depreciation charges						16,132	9,497
	Interest received						(352)	(27)
	Interest paid						2,994	3,001
	(Increase)/decrease	in stocks					2,304	(1,708)
	(Increase)/decrease	in debtors					(27,498)	(46,967)
	Increase/(decrease)	in creditors					(119,554)	229,588
	Net cash provided	by operations					24,057	200,844
2.	ANALYSIS OF CHANGES		IN NET FUNDS
						At 1.9.21	Cash flow	At 31.8.22
						f	f	f
	Net cash
	Cash at bank and in hand					477,732	(19,940)	457,792
						477,732	(19,940)	457,792
	Debt
	Debts falling due within		1year			(18,800)		(18,800)
	Debts falling due after 1		year			(72,067)	18,800	(53,267)
						(90,867)	18,800	(72,067)
	Total					386,865	(1,140)	385,725

	DONATIONS	AND LEGACIES
				2022	2021
					as restated
				f	E
	Donations			723,595	253,855
	Gift aid			10,058	1,267
	Legacies			1,000
				734,653	255,122
3.	OTHER TRADING ACTIVITIES
				2022	2021
					as restated
				E	f
	Fundraising	events		13,406	3,550
4.	INVESTMENT INCOME
				2022	2021
					as restated
					f
	Deposit account interest			352	27
S.	INCOME FROM CHARITABLE		ACTIVITIES
			Activity	2022	2021
					as restated
				E	f
	Income		Bookshop	44,564	45,482
	CIRS Income		Bookshop		2,603
	Income		Tuition	129,781	117,098
	QRS Income		Tuition		7,390
	Income		Assessments	589,115	457,271
	CJRS Income		Assessments		34,058
	Income		Courses	202,189	308,983
	QRS Income		Courses		25,236
	Carried forward			965,649	998,121
					continued. ..

		2022	2021
			as restated
		f	f
Brought forward		965,649	998,121
Income	Other	3,329	3,120
QRS Income	Central staff		13,690
CBILIncome	Shared overheads		2,510
		968,978	1,017,441

Raising donations and legacies
	2022		2021
		as	restated
	f		f
Fundraising	83,155		33,969

CHARITABLE ACTIVITIES COSTS
		Support
	Direct	costs (see
	Costs f	note 8) f	Total f
Bookshop	42,540		42,540
Tuition	216,630		216,630
Assessments	603,315		603,315
Courses	302,011		302,011
Central staff	121,397		121,397
Shared overheads		198,310	198,310
	1,285,893	198,310	1,484,203

SUPPO	RT COSTS
				Governance
		Management f	Finance f	costs f	Total f
Shared	overheads	189,216	2,994	6,100	198,310

		2022	2021
			as restated
		f	f
Auditors'	remuneration	6,100	5,550
Depreciation - owned assets		11,566	4,299
Software	amortisation	2,500
Website	amortisation	2,065	5,199

		2022	2021
			as restated
		f	f
Wages	and salaries	780,242	640,745
Social	security costs	70,732	63,021
Other	pension costs	20,241	12,375
		871,215	716,141

		2022	2021
			as restated
Charitable	activities	48	43
Fundraising	&Communications	4	3
Support Services		2	2
		54	48

COMPARATIVE	S	FO	R THE STA	TEMENT OF FINANCIA	L ACTIVITIES
					Unrestricted	Restricted	Total
					funds	funds	funds
							as restated
							E
INCOME AND	ENDOWMENTS			FROM
Donations and	legacies				118,372	136,750	255,122
Charitable activities
Bookshop					48,085		48,085
Tuition					124,488		124,488
Assessments					491,329		491,329
Courses					334,219		334,219
Other					3,120		3,120
Central staff					13,690		13,690
Shared overheads					2,510		2,510
Other trading	activities				3,550		3,550
Investment income					27		27
Total					1,139,390	136,750	1,276,140
EXPENDITURE	ON
Raising funds					33,969		33,969
Charitable activities
Bookshop					31,642		31,642
Tuition					173,594	6,265	179,859
Assessments					413,677	82,547	496,224
Courses					255,616	11,370	266,986
Central staff					116,156		116,156
Shared overheads					143,844		143,844
Total					1,168,498	100,182	1,268,680
NET INCOME/(EXPENDITURE)					(29,108)	36,568	7,460
Transfers between			funds		25,790	(25,790)
Net movement	in	funds			(3,318)	10,778	7,460
RECONCILIATION		OF FUNDS
Total funds brought			forward		62,649	51,668	114,317
TOTAL FUNDS	CARRIED FORWARD				59,331	62,446	121,777

	During the year the	Trustees have reviewed	Trustees have reviewed	Trustees have reviewed	Trustees have reviewed	this	policy and consider	policy and consider	that in order to more clearly reflect the	that in order to more clearly reflect the	that in order to more clearly reflect the	that in order to more clearly reflect the	that in order to more clearly reflect the
	amount ofbursaries	funded	by restricted		donations,			it is more appropriate to recognise the bursaries					as an
	adjustment between	unrestricted		and restricted			expenditure.
	The results for the year ended 31August				2022 have been presented				on this basis and the 2021comparatives
	have been restated	accordingly.		The impact		ofthis change was to decrease income from charitable						activities
	byf79,727 and correspondingly			decrease	expenditure			on charitable	activities by f79,727. It		should	be noted
	that this is purely a	change	in presentation			and	does	not affect the	net income or expenditure		reported in
	either year.
14.	INTANGIBLE FIXEDASSETS
									Software	Website			Total
									f	f			f
	COST
	At 1September 2021								15,000	60,522			75,522
	Additions								15,000	1,995			16,995
	At 31August 2021								30,000	62,517			92,517
	AMORTISATION
	At 1September 2021									55,765			55,765
	Charge for year								2,500	2,065			4,565
	At 31August 2022								2,500	57,830			60,330
	NET BOOK VALUE
	At 31August 2022								27,500	4,687			32,187
	At 31August 2021								15,000	4,757			19,757

							for the ea	r ended 31Au	ust: 2022
15.	TANGIBLE FIXEDASSETS
							Improvements	to property	Plant & machinery	Fixtures &fittings	Total
								E	E	E	E
	COST
	At 1September		2021					85,355	89,940	15,161	190,456
	Additions								5,559		5,559
	At 31August	2022						85,355	95,499	15,161	196,015
	DEPRECIATION
	At 1September		2021					78,556	81,067	14,401	174,024
	Charge for year							6,799	4,009	758	11,566
	At 31August	2022						85,355	85,076	15,159	185,590
	NET BOOK VALUE
	At 31August	2022							10,423		10,425
	At 31August	2021						6,799	8,873	760	16,432
16.	STOCKS
										2022	2021
											as restated
										E	E
	Stocks									29,924	32,228
17.	DEBTORS:AMOUNTS			FALLING			DUE WITHIN ONE YEAR
										2022	2021
											as restated
										E	E
	Trade debtors									159,179	135,002
	Other debtors									2,445
	VAT									337	337
	Prepayments	and accrued				income				5,698	4,822
										167,659	140,161
18.	CREDITORS: AMOUNTS				FALLING DUE WITHIN ONE YEAR
										2022	2021
											as restated
										E	E
	Bank loans and		overdrafts			(see	note 20)			18,800	18,800
	Trade creditors									7,714	6,886
	Social security	and other				taxes				17,167	19,283
	Accruals and deferred			income						219,348	169,385
	Accrued expenses									22,381	15,612
	Aegis Charitable		Trust	22/23 income						87,502
	Carried forward									372,912	229,966
											continued. ..

18.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS		FALLING	DUE WITHIN	ONE YEAR - continued	ONE YEAR - continued	ONE YEAR - continued	ONE YEAR - continued
													2022	2021
														as restated
													f	f
	Brought forward											372,912		229,966
	Aegis Charitable		Trust 21/22 Income											150,000
												372,912		379,966
19.	CREDITORS: AMOUNTS				FALLING	DUE AFTER MORE THAN			ONE YEAR
													2022	2021
														as restated
													f	f
	Bank loans	(see	note 20)										53,267	72,067
	Aegis Charitable		Trust 22/23 Income											112,500
													53,267	184,567
20.	LOANS
	The charity	has	made	use of the Coronavirus				Business	Interruption		Loan Scheme		(CBIL).	f94,000 has been
	borrowed	over	6 years		where	the interest	(3.2% per annum)			for	the first	12 months		was covered by a
	government	grant. The		associated costs and grant income					have been		reflected	in the	SOFA.
21.	LEASING AGREEMENTS
	Minimum lease		payments		under	non-cancellable		operating	leases	fall	due as follows:
													2022	2021
														as restated
													f	f
	Within one	year											3,783	17,116
	Between one and five years												1,891	5,674
														22,790

					Net	Transfers
					movement	between	At
			At	1.9.21	in funds	funds	31.8.22
				f	E		f
Unrestricted funds
General fund			59,331		(22,281)	62,953	100,003
Restricted funds
Restricted Bursaries				9,375	47,356		56,731
Aegis Charitable	Trust		30,349		21,128	(50,000)	1,477
Constable Educational		Trust			103,763	(3,953)	99,810
FAST Projects			22,722		(18,935)		3,787
Linbury Trust					19,000	(9,000)	10,000
			62,446		172,312	(62,953)	171,805
TOTAL FUNDS			121,777		150,031		271,808
Net movement	in funds, included		in the above are as	follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					f	f	f
Unrestricted funds
General fund					1,263,911	(1,286,191)	(22,280)
Restricted funds
Restricted Bursaries					139,515	(92,160)	47,355
Aegis Charitable	Trust				175,000	(153,872)	21,128
Constable Educational		Trust			116,176	(12,413)	103,763
FAST Projects					3,787	(22,722)	(18,935)
Linbury Trust					19,000		19,000
					453,478	(281,167)	172,311
TOTAL FUNDS					1,717,389	(1,567,358)	150,031

				Net	Transfers
				movement	between	At
			At 1.9.20	in funds	funds	31.8.21
			E	E	E	E
Unrestricted funds
General fund			62,649	(29,108)	25,790	59,331
Restricted funds
Restricted Bursaries			23,733	(14,358)		9,375
Aegis Charitable	Trust			30,349		30,349
Downlands Educational		Trust	25,790		(25,790)
FAST Projects			2,145	20,577		22,722
			51,668	36,568	(25,790)	62,446
TOTAL FUNDS			114,317	7,460		121,777

			Incoming	Resources	Movement
			resources	expended	in funds
			E	f	f
Unrestricted	funds
General fund			1,139,390	(1,168,498)	(29,108)
Restricted funds
Restricted Bursaries			76,528	(90,886)	14,358
Aegis Charitable		Trust	37,500	(7,151)	30,349
FAST Projects			22,722	(2,145)	20,577
			136,750	(100,182)	36,568
TOTAL FUNDS			1,276,140	(1,268,680)	7,460

				Net	Transfers
				movement	between	At
			At 1.9.20	in funds	funds	31.8.22
			f	f	f	f
Unrestricted funds
General fund			62,649	(51,389)	88,743	100,003
Restricted funds
Restricted Bursaries			23,733	32,998		56,731
Aegis Charitable	Trust			51,477	(50,000)	1,477
Constable Educational		Trust		103,763	(3,953)	99,810
Downlands Educational		Trust	25,790		(25,790)
FAST Projects			2,145	1,642		3,787
Linbury Trust				19,000	(9,000)	10,000
			51,668	208,880	(88,743)	171,805
TOTAL FUNDS			114,317	157,491		271,808

			Incoming	Resources	Movement
			resources	expended	in funds
			f	f	f
Unrestricted funds
General fund			2,403,301	(2,454,690)	(51,389)
Restricted funds
Restricted Bursaries			216,043	(183,045)	32,998
Aegis Charitable	Trust		212,500	(161,023)	51,477
Constable Educational		Trust	116,176	(12,413)	103,763
Downlands Educational		Trust
FAST Projects			26,509	(24,867)	(1,642)
Linbury Trust			19,000		19,000
			590,228	(381,348)	208,880
TOTAL FUNDS			2,993,529	(2,836,038)	157,491