## 

||Page|
|---|---|
|Report ofthe Trustees|2to 27|
|Report ofthe Independent<br>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<br>and|Wales)|||||
|Patron|||HRH Princess Beatrice||||||
|Vice-Patron|||Susan Hampshire<br>CBE||||||
|Trustees (Directors)|||Gary Hay BA (Hons), MBA-Chair||||||
||||Michael-John<br>Albert BCom (Hons), CA(SA),||||CA|—Treasurer|
||||Laura Anthony<br>BA (Hons), ATII - appointed||||25.10.21||
||||Tom Arkell||||||
||||Joanna Dunbar-Webb|BA (Hons), LLB,||Dip|Psych, MA, CIPD—||
||||appointed<br>26.10.21||||||
||||Tim Harrison —resigned||6.9.22||||
||||Simon Hepher<br>MRICS||||||
||||Jonathan<br>Hetherington||BA (Hons), Msc (Ed), QTS||||
||||Geraldine<br>Price PhD, MA (Special Education),|||||BA, RSA Dip. SpLD, RSA|
||||Dip. TESL, AM BDA, Sp|LD APC|||||
||||Alison Sutton —appointed<br>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<br>Accountants||and Statutory|Auditors|||
||||Station House||||||
||||Connaught<br>Road||||||
||||Brookwood||||||
||||Woking||||||
||||Surrey||||||
||||GU24 OER||||||
|Bankers|||Lloyds Bank, Farnham,||Surrey||||





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||||||||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<br>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<br>by operating<br>activities|||||||21,063|197,843|
|Cash flows from|investing|activities|||||||
|Purchase ofintangible<br>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<br>in cash and cash equivalents|||in|the|||||
|reporting<br>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<br>period|||||||457,792|477,732|





## 

|||for the<br>ear ende|for the<br>ear ende|for the<br>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<br>for:||||||||
||Depreciation<br>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|





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## 

||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<br>and legacies||||
|---|---|---|---|
||2022||2021|
|||as|restated|
||f||f|
|Fundraising|83,155||33,969|



## 

|CHARITABLE ACTIVITIES COSTS||||
|---|---|---|---|
|||Support||
||Direct|costs (see||
||Costs<br>f|note 8)<br>f|Total<br>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<br>f|Finance<br>f|costs<br>f|Total<br>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<br>and|legacies||||118,372|136,750|255,122|
|Charitable<br>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<br>income|||||27||27|
|Total|||||1,139,390|136,750|1,276,140|
|EXPENDITURE|ON|||||||
|Raising funds|||||33,969||33,969|
|Charitable<br>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<br>to recognise the bursaries|||||as an|
||adjustment<br>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<br>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<br>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<br>by a|
||government|grant. The||associated costs and grant income|||||have been||reflected|in the|SOFA.||
|21.|LEASING AGREEMENTS||||||||||||||
||Minimum<br>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<br>funds||||||||
|General fund|||59,331||(22,281)|62,953|100,003|
|Restricted funds||||||||
|Restricted<br>Bursaries||||9,375|47,356||56,731|
|Aegis Charitable|Trust||30,349||21,128|(50,000)|1,477|
|Constable<br>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<br>funds||||||||
|General fund|||||1,263,911|(1,286,191)|(22,280)|
|Restricted funds||||||||
|Restricted<br>Bursaries|||||139,515|(92,160)|47,355|
|Aegis Charitable|Trust||||175,000|(153,872)|21,128|
|Constable<br>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<br>funds|||||||
|General fund|||62,649|(29,108)|25,790|59,331|
|Restricted funds|||||||
|Restricted<br>Bursaries|||23,733|(14,358)||9,375|
|Aegis Charitable|Trust|||30,349||30,349|
|Downlands<br>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<br>fund|||1,139,390|(1,168,498)|(29,108)|
|Restricted funds||||||
|Restricted<br>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<br>funds|||||||
|General fund|||62,649|(51,389)|88,743|100,003|
|Restricted funds|||||||
|Restricted<br>Bursaries|||23,733|32,998||56,731|
|Aegis Charitable|Trust|||51,477|(50,000)|1,477|
|Constable<br>Educational||Trust||103,763|(3,953)|99,810|
|Downlands<br>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<br>funds||||||
|General fund|||2,403,301|(2,454,690)|(51,389)|
|Restricted funds||||||
|Restricted<br>Bursaries|||216,043|(183,045)|32,998|
|Aegis Charitable|Trust||212,500|(161,023)|51,477|
|Constable<br>Educational||Trust|116,176|(12,413)|103,763|
|Downlands<br>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|



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