Helen Arkell fiftlhlrfltlll DysLexia Charity Annual Report and Financial Statements For the year ended 31 August 2024 Helen Arkell Dyslexia Charity (a company limited by guarantee) Registered Charity No. 1064646 Registered Company No. 3432423 (England and Wales) Contents Page Report of the Trustees 2to29 Report of the Independent Auditors 30to32 Statement of Financial Activities 33 Balance Sheet 34 Cash Flow Statement 35 Notes to the Cash Flow Statement 36 Notes to the Financial Statements 37to46 Helen Arkell Dyslexia Charity Report of the Trustees for the year ended 31 August 2024 Charity information and reference details Registered Charity Number Registered Company Number 1064646 3432423 (England and Wales) Patron Vice-Patrons HRH Princess Beatrice Susan Hampshire CBE Rogerjefcoate CBE Trustees {Directorsl Michael-john Albert Bcom {Hons). CAISAI, CA- Chair. Pete Watson Bsc (Honsl - Vice-chair. Liam McLaughlin ACMA-Treasurer- appointed 29.5.24. Laura Anthony BA (Honsl, ATII. Joanna Dunbar-webb BA {Hons), LLB, Dip Psych, MA, CIPD. Jennie Guise MA (Honsl, Bsc {Hons}, MBA, MSC, PhD, PGCPSE, AMBDA FE/HE, MEd, CPsychol, Csci, AFBPSS, FHEA. SpLD APC {Patossl, EuroP5y- appointed 1.12.23. Gary Hay BA (Honsl, MBA- resigned 7.2.24. Simon Hepher MRICS. Jonathan Hetherington BA IHonsl, MSC (Edl, QTS. Geraldine Price PhD, MA (Special Education). BA, RSA Dip. SpLD, RSA Dip. TESL, AMBD4 SpLD APC- resigned 18.11.23. Mike Sicely BA (Honsl, ACA. Alison Sutton BA {Honsl. Chief Executive Andy Cook MA {Cantabl Registered Office Helen Arkell Dyslexia Charity 24, West Street Farnham Surrey GU9 7DR Web site www.helenarkell.org.uk Auditors Shaw Gibb5 Audit Ltd 264 Banbury Road Oxford Oxfordshire OX2 7DY Bankers Lloyds Bank, 25 Gresham Street. London. EC2V 7HN Report of the Chair of the Trustees l am delighted to present my report as Chair of Helen Arkell Dyslexia Charity for the 2024 financial year and what a year this has been for the Charityl Against a backdrop of financial and political uncertainty, high costs of living and challenges for the education and charity sectors, we have been able to stay true to our vision to empower people with dyslexia to achieve their goals. This has been a record-breaking year for Helen Arkell in several respects and the key highlights are set out below. This would only have been possible with the strong support and commitment from the wider Helen Arkell community, and I would therefore like to express my sincere appreciation to the management, employees, consultants. supporters, donors and Trustees. What has stood out for me in this record-breaking year? We touched the lives of more people than ever. 4.434, with ourvarious services.12023: 4.1481. We provided l.'I support in the form of assessments. consultations, coaching, skills building and training to 1,816 people.12023= 1,6171. 2,618 parents, teachers, schools and workplaces received advice and tips on how to support people with dyslexia.12023: 2,5311. 610 individua15 from low-income background5 and state schools received bursaries, our highest ever number of bursaries granted in one year.12023- 504}. We provided 5,049 hours of I:1 tuition/coaching.12023- 4,4661. We continued to grow our provision of on-line services. We extended our outreach by providing specialist support to three prisons. We provided 111 teachers and teaching assistants from state schools in the UK with free training through the Theo Paphitis Dyslexia Bursary. The measure of the positive impact Helen Arkell has had is reflected in the positive feedback from the people and communities that we have supported. One commentthat really struck a chord was= "We will be forever grateful for the bursary we received which helped us get the help our son desperately needed at a critical time in his life. Each donation, legacy, grant or funding-partnership matters and enables the Charity to improve the lives of people with dyslexia. To continue to do this we will need to increase the support of the wider Helen Arkell community even further, and especially our generous donors and sponsors whose contributions are greatly appreciated. Going forward, partnerships and strategic alliances. including exploring opportunities with likeminded organisations, will become increasingly more important. We are looking forward to continuing our work with Theo Paphit15 and Ryman Limited in raising awareness about dyslexia. In the previous year we revisited our vision, mission and purpose as well as setting the Charity's strategic direction for the next three years. This year we confirmed our objectives and strategic goals and during ourstrategy away day agreed a set of priorities forthe year ahead. We are committed to expanding our footprint into wider communities across the UK with a focus on schools. Our outreach programmes for adults will continue with our various workplace initiatives and we will strive to expand our online offerings. As a reminder our vison, mission, values and purpose can be found at www.helenarkell.or about-us vision. The full strategy document is available on request. We continue to invest in fundraising and we were pleased with the overall level of donations received throughout the year. We remain grateful to the Aegis Trust whose generous donation over Several years has enabled us to embed and expand our fundraising initiatives. Despite recording "deficit this year, our overall unrestricted funds remain within the target range. and we have approved a break-even budget for what we expect to be a challen8ing 2025 financial year. The Board of Trustees has seen a few changes this year. The previous Chair, Gary Hay, formally stepped down from the Board, and as noted in last yearfs report, his contribution has been immense. Mike Sicely gave notice that, for personal reasons, he will be stepping down from the Board afterthe AGM. Thank you, Mike, foryour contribution as Treasurer, and we are delighted to welcome Liam McLauglin to the Board as our new Treasurer. We will continue to assess the skills and expertise needed at a Board level and we have recently completed a detailed succession planning process for all key positions at the Charity. I was delighted to attend our Thank You function for donors and supporters, very kindly hosted by our patron HRH Princess Beatrice at St James's Palace, It was an excellent opportunity to connect with the wider Helen Arkell community and to be moved by a firsthand account of how dyslexia impacts young people. HRH Princess Beatrice spoke passionately about her experience of dyslexia and Andy, our CEO. eloquently positioned the work we are doing and the difference we are making. In these tough and uncertain economic times. the need to support people with dyslexia remains in high demand and we do need more funding for bur53ries, tuition. and teacher training. Therefore, I will end with a final ask: to help us make an even bigger impact please continue to support or consider supporting Helen Arkell in 2025. Together we can help achieve our mission of removing barriers to learning, employment and life for people with dyslexia, by providing expert personal and life-changing support. SWrtld by.. 29 January 2025 Date..................................... 22723Q927C814E4... Michael-John Albert Chair of Trustees Report of the Trustees for year ended 31 August 2024 The Trustees who are also directors of the Charity for the purposes of the Companies Act 2006. present their report with the financial statements of the Charity for the year ended 31 August 2024. The Trustees have adopted the provisions of 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 1021 (effective I January 20191. Governing document The Charity is controlled by its governing documents, comprising its Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. uireciors ana I rusiees The Directors of a Charitable Company stand in place of the Trustees for the purposes of Charity Law, and throughout this report are collectively referred to as the Trustees. The Trustees at the date of this report and who served during the year are listed on page two. The following trustees resigned within the year: Gary Hay BA IHonsl, MBA- resigned 7.2.24. Geraldine Price PhD, MA (Special Education), BA, RSA Dip. SpLD, RSA Dip. TESL, AMBD& SpLD APC- resigned 18.11.23. The following trustees were appointed during the year.. Jennie Guise MA (Honsl, Bsc (Honsl, MBA, MSC, PhD, PGCPSE. AMBDA FEIHE. MEd, CPsychol, Csci, AFBPSS, FHEA, SpLD APC (Patossl. EuroPsy- appointed 1.12.23. Liam McLaughlin ACMA- appointed 29.5.24. th One fifth of the Trustees are obliged to offer their resignation at every 5 Annual General Meeting. This rule shall next apply at the AGM forthe accounts to the year ended 2027. We thank Geraldine Price and Gary Hay for their outstanding contributions during their terms of office, and the latter for his stint as Chair. notably guiding u5 through the challenges presented by the Covid-lg pandemic. We are delighted that both will continue to keep in close touch with us as part of the Helen Arkell community, albeit not officially as Trustees. Trustees are appointed based on having the necessary and relevant skills to offer help and guidance to the Chief Executive and staff of the Charity. New Trustee5 undergo an induttion programme to introduce them to the Charity. their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the Board decision-making process, the strategic plan and recent financial performance of the Charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their respective roles, and to participate in events that are run by the Charity. We are satisfied that the trustee body is afforded ample training in order to fulfil its duties and re5pon5ibilities. No Trustee ha5 any beneficial interest in the company. All Trustees are members of the company and guarantee to contribute £1 in the event of winding up. Each year, after due consideration, the Trustees approve a budget presented by management for income and expenditure for the coming year as well as reviewing the Charity's reserves in relation to its reserves policy. Trustees approve policies and monitor their execution through reports from management at quarterly Trustees, meetings. The Trustees are responsible for setting the remuneration of the Chief Executive in the light of prevailing economic conditions. About dyslexia Dyslexia 15 a learning difficulty that primarily affects the skills needed for accurate and fluent readin& writing and spelling. Dyslexia can also affect 'working memory,, cognitive processing and organisational Skills. There are many other symptoms and no two people with dyslexia are the same. Dyslexia can range from mild to severe, and affects people regardless of intellectual ability. Dyslexia is highly hereditary. and affects l in 10 people in the UK. Children and adults with unsupported dyslexia are more likely to suffer low 5elf-esteem. low confidence. to have negative associations with education and achieve fewer qualifications. to become unemployed when leaving school, and to make negative Sife-choices. (People with dyslexia are twice as likely to end up in prison or youn8 offender institutes). Support If correctly supported, people with dyslexia can thrive in life, particularly life after school, where their ability to see the world differently can be a positive asset. Famous, 'successful' dyslexics such as Richard Branson are good examples. The more such people speak openly about their dyslexia. the more their examples will serve to encourage others. Key dyslexic strengths are well-documented and it is becoming increasingly acknowledged that these strengths will become particularly valuable in tomorrow's workplace. Our role At Helen Arkell Dyslexia Charity we believe that the first step in helping people with dyslexia and other specific learning difficulties to maximise their opportunities, is to gain better self- understanding by means of specialist dyslexia assessments with personalised recommendations for appropriate ways forward. The second step is to implement these recommendations, ensuring the individual gains acces5 to the extra help they need, either with one-off adjustments or programmes of on-going specialist support. The third step is to up-skill and educate teachers, classroom assistants, parent5, employers and members of the public so that they are better able to provide SUPPOrt to people with dyslexia. Outcome5 for beneficiaries include.. improved self-awareness, with better understanding of individual strengths and weaknesses. improved self-empowerment. improved access to practical specialist support and 'reasonable adjustments,. improved self-confidence and mental well-being. improved literacy and attitude to learning. reduced frustration. reduced anxiety. improved life-opportunities. Currently, it is difficult for families from lower-income backgrounds to acce55 the help they need, both because of availability of high quality Service and because diagnostic assessments and specialist tuition are expensive. At Helen Arkell Dyslexia Charity we aim to remove these barriers, helping dyslexic children and adults to thrive in todaws world and prevent their talent from being wasted. A key aim is to provide bursary-funded support to increasing numbers of beneficiaries from lower- income backgrounds. On average, a donation of £530 can provide an individual with the help they need, to change their life for the better and find a new positive way forward that maximises their potential. Where beneficiaries can afford to pay for the service, or feel able to make a contribution towards Costs, thi5 is accepted, as it means that restricted bursary funds can benefit more of those people who need it most. Objects and activities Our Objects The charitable objects of the Charity. as set out in its Memorandum of Association are.. al "to provide for the care, education and treatment of persons suffering from dy51exia or any other related specific learning disability"; bl "to further the education of the public, teachers and other related professions about dyslexia and other related specific learning disabilities and to educate and train the public, teachers and other related professions about the care, education and treatment of such person5"; cl "to carry out research into dyslexia and other related specific learning disabilities and to disseminate the useful results of such research" Our Vision Our vision is a world in which people with dyslexia are empowered to achieve their goals. Our Mission Our mission is to remove barriers to learning, employment and life for people with dyslexia, by providing expert, personal and life-changing support. Our Purpose Our purpose is to empower children and adults with dyslexia. * The wording of the object5 that were registered when the Charity was founded reflect5 the language that was in use at that time. Putting people with dyslexia at the heart of everything we do Supporting Schools Consultations Training teachers Supporting disadvantaged communities Changing the narrative Assessments Research Individual with dyslexia Tuition Courses for children with dyslexia Educating the public Supporting workplaces Supporting parents Adult coaching Our activities We achieve our mission through the following main activities.. il by providing specialist consultations and assessments to children and adults to determine whether dyslexia or other related specific learning difFiculties are playing a part in preventing them reaching their full potential. Advice is then provided to determine the best way forward for the individual concerned. These life-changing sessions are conducted by qualified Helen Arkell specialist assessors and registered educational psychologists; ii) by providing I:1 coaching, tuition and skills-building to children and adults who have been identified a5 affected by dyslexia. These sessions a re delivered by our qualified specialist Staff; iii) by providing specialist training to teachers, teaching assistant5 and other interested parties such that they become qualified to 5UPPOrt children in schools and local communities. We are a registered training centre for teachers and teaching assista nts wishing to specialise in the support of pupils with dyslexia and specific learning difficulties. In addition, we: provide advice, help and teaching to parents whose children are/may be on the spectrum for dyslexia or other specific learning difficulties. provide specialist dyslexia awareness training to workplaces who employ people with dyslexia. provide specialist dyslexia awareness training to schools through in-service and other training days. run a variety of specialist course5 including touch typing courses for children with dyslexia, Spotlight workshop5 covering a variety of topics, and 'Supporting Learners, courses for teachers and teaching a551Stants- GCSE preparation courses and a variety of other courses for children, young people and adults with dyslexia, as well as for other interested parties who either work or live with someone with dyslexia. Geographical spread HAVenues * HASupport Our main operating base over recent decades has been near Farnham, close to the Surrey/Hampshire border, largely accessing people in the nearby counties. In furtherance of our strategic plan, we have expanded on our mission to access a much larger footprint, We are delighted that this year we gained a foothold in the North of England, with dyslexia specialists in Cheshire and Yorkshire, adding to our existing network of venues across the South of England. Residents of 38 different counties of the UK received I:1 support from us in 202412023: 381 Achievements and performance Summary We grew our charitable activity during the year, extending our services to 4,434 beneficiaries12023: 4,1481, which constitutes a new record for the Charity. Of the above, 1,816 received I:1 support12023: 1,6171. Another 2,618 beneficiaries attended our various courses12023: 2,5311. In total, a record breaking 610 people benefitted from bursary-funded support (2023: 5041. Of these, 499 individuals from lower-income, disadvantaged families received I:1 specialist help amounting to £260,11112023: 456 individuals received £238,422}. In addition, 111 state school teachers and teaching assistants received bursary-funded dyslexia related training (2023: 481, at a cost of £30,000. This increase in support of state school educationalists was made possible through the generosity of the Theo Paphitis Dyslexia Bursarv. We now describe progress that was made this year specifically in relation to the 'plans for the future period, that were detailed in last yearfs Annual Report and Financial Statements. Our targets set last year were as follows: Ta rget I. In line with our mission to remove barriers to learning and life for people with dyslexia by providing expert, personal and life-changing support, we aim to increase the numbers of people with dyslexia whom we help during the year ending August 2024. Outcome: We succeeded in supporting a total of 4,434 beneficiaries during the year, with our various service5 (2023.. 4,1481, which constitutes another record for the Charity. Of the above beneficiaries, 1,816 received I:1 support for their dyslexia during the year {2023: 1,6171 through our team of specialist staff and educational psychologists, by means of I:1 assessments, consultations, coaching and tuition. It is pleasing to have supported more people in this way than in the previous year, as so many individuals with dyslexia reached out to us for help. Assessments, coaching, consultation5, and tuition sessions were again offered as an online service, via video call, if this suited the client, resulting in 15% of services being delivered in this way. 90¥0 of our beneficiaries during the year were children and young people, and IO% were adults, reflecting our determination to be available to people with dyslexia at any stage of their lives. Of our 1,-816 beneficiaries of I:1 support, 1,355 received a55essments12023: 1,2271 and 461 received I:1 tuition, coaching, skills-building and consultations12023: 390). Our team of specialist tutors provided 5,049 hours of I:1 coaching sessions throughout the year12023: 4,466). This is the first year we have provided more than 5,000 hour5 of coaching/specialist teaching to individuals with dyslexia. Of those beneficiaries who were provided with assessments, 82% were assessed by Helen Arkell specialist assessors and 18¥0 were assessed by our team of educational psychologists. During the year assessments were provided at the following venues: 51% at the Charity's head office {2023: 46Yo1. 21% in situ in schools {2023: 23%). 15Yo via video call {2023: 18Yo 7¥0 at the Charity's London venues {2023,. 8%). 5Yo at the Charity's Oxford venue {2023'. 3Yo Iyo at assorted other venues including the Charity's Amesbury, Bath, Cheshire, Salisbury, West Yorkshire and Yeovil venues and the homes of a55essors. (2023: 2Y.). Ta rget 2. We plan to provide bursary-funded specialist support to even more disadvantaged people with dyslexia from lower-income backgrounds in the year ending August 2024 than we did in the previous year {2023: 504). Outcome: Whilst we are pleased to have outperformed this target and Set another record for the Charity, we are only sorry that there are still so many people with dy51exia who are struggling so badly and in need of our help, which makes u5 all the more determined to expand our services over the coming io years. This year we allocated record-breaking amounts of bursary-funded support to 610 people in total {2023: 504}. Of these, 499 individuals from lower-income, disadvantaged backgrounds received bursary-funded support at a cost of £260,11112023: 456 individuals at cost £238,422)- These individuals received whatever specific services they required, on a case-by-case basis, including dyslexia assessments, coaching and tuition, consultations and attendance on courses. In addition, 111 state school teachers and teaching assistants received bursary-funded dyslexia related training at a cost of £30,000, thanks to the generosity of Theo Paphitis and Ryman Limited, who set up the Theo Paphitis Bursary for this purpose. 30% of the beneficiaries who received assessments from the Charity this year were from disadvantaged socio-economic backgrounds. 1801/0 o¥ beief-;cia,"ies i'ho Ivere assis:e. K'ith I'.1 sdppott thro ', S2ry Sy5+am wara 2dL,I+s, typically out of work or on lower incomes and on benefits, who believed that dyslexia was preventing them from finding work or achieving the career success that they hoped for. 82Yo of recipients of our I:1 bursary-funded support during the year were children. In all cases, their families were already struggling to make ends meet financially, without also considering the extra requirement to source specialist support for their children, to address their suspected dyslexia. The majority of the children we supported through the bursary system were from single-parent families, typically with the parent or carer out of work, or on lower income, on a variety of benefits. qualifying for pupil premium {'free school meals'l or in debt. We also supported a number of children who were in foster care due to a variety of complex domestlc 155ues. All applications to our bursary system were carefully assessed by the Bursary Review Panel before a decision was made regarding the degree of assistance that would be provided. T.he degree of need of each individual, and their financial circumstances, were considered on a case-by-case basis. In line with our strategic plans, we aim to further increase our support of people from lower-income, disadvantaged backgrounds in the coming years. The effetts of the recent Covid-19 pandemic are long-lasting and continue to cause significantly increased applications for our bursary-supported help. This is due to dyslexic children and adults having struggled during periods of home-schooling and working from home, away from their normal support systems. In addition, low-income and disadvantaged families have particularly reached out for help due to increased financial difficulties in the world at large. We recognise that it is only because of the generosity of our donors that we are able to provide bursary-funded specialist support. We are indebted to all who made contributions to our work this year, enabling us to support our beneficiaries in this way. Ta rget 3. We aim to build upon previous projects that have specifically supported teachers and teaching assistants from the state school sector, as part of our overall strategy to reach disadvantaged communities. Outcome: Thanks to the generosity of TV Dragon, Retail Entrepreneur and longstanding dy51exia champion Theo Paphitis and Ryman Retail Limited we achieved this target. The Theo Paphitis Dyslexia Bursary li was launched in Autumn 2023, from which free training is provided to teachers and teaching assistants from state schools around the UK, particularly where there are high numbers of children on pupil premium (free school meals). A total of 111 state school representatives had alreadv benefitted from this training by the close of the year. All attended the Charity's 6-week online course entitled "Supporting Learners with Dyslexia/SpLDs" which enables them to better support learner5 with dyslexia back in their classrooms. This course provides 18 hours of training by our expert team and is accredited by the CPD Standards Office. The fact that it is delivered online, and recorded, means that Participants come from far and wide. The following comment is typical of those applying to attend: -1 work as o TA with Pupil Premium children on o l.'l and small group basis to help roise their attainment levels in reading. writing ond spelling. I haven't previously received anyformal training on dyslexio so I would love to learn how best to support children with dyslexio. I have a keen interest in improving my working knowledge in this Grea. Target 4: We alm to launch a pllot Prison Project, offering our speciallst expertise forthe benefit of prisoners and prison staff alike. From this pilot. tt is hoped that longer-term projects will be developed. Outcome.. We were pleased to launch not just one, but three Prison Projetts. in which we partnered with the Neurodiversity Support Managers at HMP High Down in Surrey (men's Category C prison), HMP Downview in Surrey (women's closed prison), and HMP Lincoln in Lincolnshire (men's Category prison). In all three settings introdurtory meetings took place to scope out the best way to provide dyslexia support, and 2-hour workshops were provided as an initial "Introduction to Dyslexia" Attendees included prisoners with a special interest in dyslexia. many of whom were helping other prisoners to read through the Shannon Trusys learning progr3mme. Others were prisoners who had been selected as mentors within the prison setting. Prison guards, administrative staff, and other agencies also attended, including those connected with employment and educational opportunities. In total, 92 individuals attended the above Sessions. across the three prison setting5. Building upon the Success of the initial "Introduction to Dy51exia" workshop5, our team returned to undertake "dyslexia audits" of HMP High Down and HMP Downview, to help suggest ways in which the physical premises, and the systems, could be made more dyslexia friendly for all concerned. The next stage in our programme of support is to develop a bespoke in-depth course which will be delivered to selected individuals at H MP High Down, over a number of weeks, in the coming year. It is hoped that this will further embed dyslexia awarene55 Wlthin the prison setting. We are currently viewing the above projerts as pilots, as we develop bespoke packages of support to different settings, whose requirements will vary. Funding is being sought to help take this forward. 12 Ta rget 5: We aim to increase the numbers of beneficiaries who benefit from support through online and videocall service5. Outcome.. The numbers of beneficiarie5 who benefited from support through online and videocall services remained broadly similar this year to last, with over 200 assessments taking place online for the second year runnin& and over 1,000 hours of tuition taking place online. which is a new record for the Charity. In percentage terms, 15% of assessments took place online this year12023: 18%), and 27% of tuition session512023-. 25%). All consultations took place either online or by 'phone. The decision a5 to whether sessions take place face-to-face or online are taken on a case-by-ca5e basis to ensure the beneficiary receives the best Possible service for their individual circumstances. This will not only take into account the age and concentration abilities of the beneficiary, but also other factors such as the beneficiarfs location, and the degree to which they would feel more relaxed conducting the session from the comfort of their own home lor workplace) as opposed to travelling to unfamiliar surroundings. It should be noted that assessments are generally one-off events. whereas tuition normally takes place over a number of weeks and requires a more regular commitment. The above can have a bearing on whether online or face-to-face works best. The Charity continues to provide a range of courses. the majority of which take place online, with recordings available. In toda¢s world, this mode of delivery suits the majority of people, whose time commitments are increasingly pressurised. The main exceptions to the above rule are courses where a face-to-face element is preferred. such as the Level 5 and Level 7 Diploma Courses, where the Charity partners with several local schools in order to provide the necessary teaching practice opportunities for students. Touch Typing courses for children are also provided face-to-face, as are certain other courses. Ta rget 6.. We will continue to explore opportunities for strategic partnerships wlth other organisation5 whose aims and objectives ali8n with our own, for the ultimate benefit of people with dyslexia acr055 the UK and beyond. Outcome: We fulfilled this target by keeping lines of communication open and transparent between Helen Arkell and the British Dyslexia Association to ensure that between us, we benefit our respective beneficiaries across the UK, and do not inadvertently duplicate our efforts. We also agreed to explore opportunities to worktogether whenever opportunities may arise. We commenced discussions with Ark Schools, with a view to providing supportto their teachers, cl355room assistants, SENCOS and learners. Ark Schools have a particular focus on opening their doors to high numbers of learners from disadvantaged backgrounds, across their 39 schools130,000 learners, based at schools in Birmingham, Hastings, London and Portsmouthl, so our respective organisations have a shared interest in providing help to families who need it most. We also explored opportunities for working with the team at GoLexia Limited, based in Wale5, although we ultimately decided not to proceed at this time. 13 Additional activities in pursuit of our Mission: In addition to meeting our plans above, as set out in last yearfs Annual Report and Financial Statements, we also achieved the following artivities thi5 year.. Providing dyslexia-related courses to 2,618 attendees. 2,618 people attended our various courses during the year, as described below12023: 2,5311. Providi ng inservice tr3ining in dyslexia awareness to 440 school representatives. 440 teachers, learning support assistants and parents attended a total of 9 in-service days provided by our specialist staff at a variety of different schools, learning how to more effectively support pupils with dyslexia and other specific learning difficulties. Provid i ng the Helen Arkell year-long Level 5 Diploma in Teaching Learners with Dysl exia/SpLD to 39 students, and the Level 7 Diploma i n Teaching and Assessing Learners with Dyslexia/SpLD to 21 student5 A total of 60 teachers, teaching assistants and other interested parties enrolled for our Level 5 and Level 7 diploma courses. Providing a variety of short courses in dyslexia-related matters to 308 attendees. total of 308 people attended short dyslexia and SpLD-related courses in the year, including Study Skills, Touch Typing and Supporting Learners with Dyslexia. and how to better support children with ADHD and other issues. Our thanks again go to Theo Paphitis and Ryman Limited for sponsoring many state school teachers and teaching assistants through the Supporting Learners course, as mentioned above (Target 3, page 111. Providing courses/training to 657 parents of children who have dyslexia. 657 parents acce55ed our various courses. designed to provide helpful hints and tips for supporting family members with dy51exia. In some cases this included foster parents andlor grandparents who had taken on the role of care-givers. Courses included our HELP Parents course, as well as specific session5 on particular topics of specialist interest. As With all our courses, these have mainly been switched to online provision since the pandemic, for improved ease of access, although some face-to-face courses are provided, to maintain the element of choice. Many participants were specifically from lower income backgrounds and benefitted from bursary-funded support. Providing dyslexia awa reness training to 284 em ployees within the workplace. continued to provide dyslexia awareness training to workplaces. as well as ad hoc support when our specialist advice was required. 284 employees benefitted from this training at time of delivery, with many more accessing recordings after the event. This year we worked with companies including the General Medical Council, Novuna, Pinsent Masons LLP. Surrey Care Trust and Wates Construction. Providing Spotlight workshop sessions to 777 partici pants. 777 people joined us to improve their knowledge in a whole host of dyslexia-related topics throughout the year. Many participants were our alumni undertaking continuing professional development. We are proud to top up the learning of our alumni, keeping their skills at the cutting edge of the dyslexia world. Supporti ng disadvantaged com munities, where dyslexia is prevalent. This year, as mentioned above, we supported 92 individuals in 3 prison settings. with dyslexia awareness 14 training (See Target 4, page 121. Research. In pursuance of our aim to help push back the boundaries of knowledge regarding dyslexia-related issues, we were pleased to help to source participants for a number of research projects during the year and to work with several universities, and particularly to act as a research partner with the University of Surrey. Dyslexia Hub, University of Buckingham. We were delighted to also partner with the University of Buckingham, helping them to set-up a Dyslexia Hub, as a centre of excellence for the support of students with dy51exia and other neurodiverse learning styles. Our role is to lend our expertise as required. This initiative is the brainchild of Roger Jefcoate CBE, who brought our two organisations together in his position as Honorary Doctor of the University and newly-appointed Vice Patron of Helen Arkell Dyslexia Charity. Raising awareness. We were proud to play our part in raising awareness at government level by participating in the All Party Parliamentary Group on Dyslexia and Other Specific Learning Difficulties, working alongside other leading organis3tions in the field of dyslexia. We were also represented on the boards of the following groups, with whom we jointly raise awareness to the public and ensure standards within the field.. the Council for the Registration of Schools Teaching Dyslexic Pupils ICReSTeDI the BDA Accreditation Board the SpLD Assessment Standards Committee ISASCI We make special mention atthis point of Brendan Wignall, chair of CReSTeD, who sadlv passed away this year, all too young, after an ongoing battle with cancer. We will play our part in ensuring the work of CReSTeD continues, as Brendan would have wanted. This year we were again represented at The Dyslexia & Dyscalculia Show, which was held at the National Exhibition Centre in Birmingham again this year, and at the TES SEND Show which was held at the Business Design Centre, London. Playing our part in keeping children safe. At Helen Arkell we take our practical safeguarding responsibilities seriously, 'doing our bit, to keep children safe. Inevitably, when providing l.'I support to 1.816 individuals with dyslexia this year, there were occasions when children chose to confide in our team of specialists about things that were transpiring in their personal lives. In all instance5 where such information raised any safeguarding concerns. our team handled the information with great sensitivity and professionalism, and reports were submitted through the appropriate channels whenever necessary. We are proud to play our part in keeping children safe, in a world where risks can exist whether online or elsewhere, and we are aware that as independent I'.1 specialists, children may sometimes find it easier to confide in ourteam than with people whom they see every day. Diversity. We are determined that everyone will see themselves represented within the Helen Arkell community, regardless of where they come from, how they identify and how they think. This year, for the first time we were able to record that 17% of the beneficiaries to whom we provided dyslexia assessments described themselves as not being 'White British/English/Welsh/Scottish/Northern Irish. 15 Fundraisi ng. We completed the sixth full year of our fundraising strategy. building upon previous progress that has been made. Trusts & Found3tions. We are indebted to the generosity of more Trusts and Foundations than could possibly be mentioned individually. However, this year it is only right that we pay special tribute to Susan Hampshire MBE, whose efforts have resulted in over £IOO,000 of donations from Trusts, Foundations and individuals since joining us as Vice-Patron, including £45.000 from one Trust in this financial year alone. At the same time we again make special mention of The McGreevy No. 5 Settlement and The Linbury Trustfor their ongoing generosity over a number of years. We are delighted to have started multi-year partnerships with The Borrows Trust, The Garfield Weston Foundation, the Hampshire Dyslexia Association, and the Wiltshire Community Foundation as well a5 receiving generous support from The National Lottery Awards for All, the Boshier-Hinton Foundation, the Norton Rose Fulbright Charitable Foundation and the Peter Harrison Foundation. It would be impossible to mention every single Trust or Foundation that supported us in the year, but you know who you are, and we are immensely grateful for your help in enabling us to fulfil our Mission. We thank all our donors, large and small, for supporting our work this year. Thank you ! Theo Paphitis Dyslexia 8ursary As detailed above (Target 3, page 11) we were delighted to launch the new partnership with Theo Paphitis and Ryman Retail Limited this year. We will share this charity partnership with the British Dyslexia Association, benefitting equally from donations that materialise. and between us making life better for people with dyslexia across the UK. Community groups, clubs, associations and companies. We have been very touched by the support from our local communities this year, including a wide variety of groups, clubs, associations and companies. Some community groups have chosen to support our work in Surrey while others have particularly wished to 5UPPOrt our help of beneficiaries in other regions of the UK (see Geographical Spread, page 91. Whatever your particular area of interest, we are immensely grateful for your help and generosity in enabling us to fulfil our mission, reaching out to an ever-wider community of beneficiaries across the UK. This year we again make special mention of Tesco for your support through your Community Grants Scheme. We thank all of those organisations who have helped us to raise voluntary income this year. Challenge events. Our sincere thanks go the six intrepid challenge event participants who raised funds in aid of Helen Arkell in the London Marathon, and our seven participants in the Royal Parks Half Marathon. We also thank all our other challenge event supporters. who raised funds for us in a variety of different ways throughout the year. Participant5 in all these challenges threw themselves into fundraising with great enthusiasm. which was greatly appreciated bythe Charity, and by those whom we serve. Tea Party at St James, Palace. 2024 included a landmark date in the Helen Arkell Dy51exia Charity history. as our royal Patron, HRH Princess Beatrice, hosted a tea-party for a cr055- section of the Charity's warmest supporters, at St James. Palace. This was a way to say Thank You to our community for everything they do for us, and to bring everyone up to date with our latest achievements, and plans for the future. We cannot thank Princess Beatrice enough 16 for this wonderful occasion, which will stick in the memories of everyone present for a very long time. Other events. We are very grateful to all who took part in our annual Golf Day, again held at Worplesdon Golf Club, raising funds whilst also enjoying an amazing da¢s golf. We were oversubscribed this year, due to the popularity of this event and the determination of our golf-minded supporters to help raise much-needed funds. Our Big Walk for Dyslexia again took place in Farnham, with the route beginning and ending with refreshments at our Centre. The sun shone and everyone enjoyed the self-guided route through this beautiful Georgian market town. We again counted ourselves as extremely fortunate to receive invitations for some of our volunteers and frontline staff to attend HRH The Princess of Wales's very special Christmas Carol Service in Westminster Abbey. This proved to be an extremely memorable occasion for all concerned. and we feel proud that our charity was represented at such an occasion, thanks to the patronage of Princess Beatrice. Other events included our annual Christmas Drinks for our local community; our annual Graduation Ceremony for all the successful graduates of the Level 5 and Level 7 Helen Arkell Diploma Courses, and various informal get-togethers for the wider Helen Arkell team. Friends of H elen Arkell. We take this opportunity to also thank all those individuals who supported our work through the Friends of Helen Arkell club this year by signing up to small regular donations. Lots of small donations can make a big difference to a charity such as ours, and we really appreciate your support. Our aim is to significantly increase the number of our Friends in the coming years. Friends are invited to our events and gain a 'behind the scenes, viewpoint of the Charity's work and progress. Gifts i n Wil Is. This year we received notifications from various of our supporters that they have nominated Helen Arkell Dyslexia Charity to receive a gift in their Will. We are immensely grateful to all of you. Thank you l Gifts in Wills can make a lasting difference to our ability to make life better for people with dyslexia. not just now but also long into the future. Donations in memory. This year'we were also fortunate to receive several donations in memory of loved ones whose lives had been positively affected by the Charity's work. Again, we are so grateful for donations in memory of loved ones, which enable us to carry on our work well into the future. Capturing images of our beneficiaries. We launched a competition whereby our beneficiaries could apply to become the 'faces' of Helen Arkell, representing a cross section of people approaching us for support. with their various different personalities. backgrounds and personal interests. We are immensely grateful to Charlotte Allcock for volunteering to onduct the photo shoots, and the resulting pictures will be used in the Charitls publicity going forwards. Over time. we will build up a larger bank of images, showing the breadth of the Charity's community of beneficiaries. Strategic P13n and am bitious aims. Our annual strategy day, involving Trustees and staff, reviewed the Charity's strategic plan and confirmed our bold and ambitious goals for the next three to five years. Building on solid foundations our strategy has at it5 core a desire to provide an ever broader and deeper offer of support to people with dyslexia and those around them. regardle55 of ability to pay. Our goal is to increase the reach and impact of our 17 support across the UK. Such growth requires secure operational and financial underpinning, and good relationships with potential partners that can help us achieve our aims. To ensure that our strategic objectives are met the Board has Put in place a series of portfolios to be managed by the leadership team and Trustees {a5 volunteers). Each team has identified gijiding objectives for their specific portfolio. This approach allows Trustees to contribute to the strategy in a meaningful way using their diverse talents and skills. Our vison, mission, values and purpose can be found at: www.helenarkell.or about-us vision. The full strategy document is available on request. Operating with due consideration for the environm ent. We are committed to limiting our impact on the environment and we take this into consideration whenever making decisions on the Charity's behalf. The Helen Arkell team Our volunteers. All charities appreciate the contribution of volunteers and we are no different. Special mention of all our volunteer fundraisers who took on various challenges during the year, mentioned above. Perhaps the biggest thank you should go to our dedicated unpaid Trustees, however,.who give their time freely as volunteers in support of the Charity's aims, and again went above and beyond the call of duty this year. Our staff. We thank our amazing staff for their dedication. expertise. hard work and good humour, living our values of professional excellence with warmth and the personal touch. It is through our staff that we fulfill our mission each and every day, changing the lives of a growing number of individuals with dyslexia. Our beneficiaries. We thank all those 1,617 people with dyslexia who have come to us for I'.1 help this year. It is you who give us the inspiration to fulfill our mission, recognising every day that people with dyslexia bring exceptional qualities. We are proud to help you find out more about yourselves, and to help you forge new ways forward in life that will play to your strengths. We hope you will never look back, but if you do, we are here to help you whenever you need us. Above all, we hope you will be empowered to believe in yourselves, achieve your goa15 and Succeed on your own terms. Our Patron, Her Roya l Highness, Princess Beatrice. We are honoured that Prince55 Beatrice continues to act as our Patron. Dyslexic herself, Princess Beatrice understands our mission from a very personal perspective, and is a brilliant a55et in raising awareness of the positive aspects of dyslexia in general, and the Charitls work in particular. Again, as above, we thank Princess Beatrice particularly this year, for welcoming the Helen Arkell community to StJames Palace. Our Vice-Patrons, Susan Hampshire CBE, and Roger Jefcoate CBE. We are delighted to have Susan Hampshire CBE as Vice-Patron of the Charity, and to have also been joined this year by Roger Jefcoate CBE. Susan, Lady Kulukundis, née Hampshire. is an English actress known for her many television and film roles. including The Forsyte Saga, The First Churchills, 18 Vanity Fair, The Pallisers, The Grand, Monarch of the Glen and others too manyto mention. Dyslexic herself, and a renowned advocate for the rights and opportunities of people with dyslexia throughout her life. Susan was a good friend of our founder, the late Helen Arkell MBE. and is ideally suited to hold the role of Vice-patron of the Charity, as we make progress with our plans. Rogerjefcoate CBE has spent a lifetime working to make life better for people who have disabilities, starting in his teens when he worked with Ludwig Guttmann, the founder of the Paralympics, to pioneer life-changing independence technology for severely disabled individuals at Stoke Mandeville Hospital. Since then, Roger has been involved in, and co- founded, many life-changing charities, including AbilityNet, Canine Partner5, Demand, ME Research UK, Medical Detection Dogs, Mobility Trust and the Roger and Jean Jefcoate Trust, to name just a few. Roger assisted in the development of Helen Arkell Dyslexia Charity in its early days, bringing prospettive supporters from London to visit the Charitvs Surrey headquarter5 in the 1990,5. We are delighted he has now agreed to become a Wice-Patron. Public benefit requirement The Trustees are aware of the requirement to demonstrate public benefit, as set out in the Charities Act. Having due regard to the Charity Commission's guidance on public benefit, the Trustees are confident that the Charity's Se￿iCe5 meet these criteria, for all the reasons detailed above in the description of our aims. objectives and activities. 1,816 children, young people and adults benefitted directly from the Charity's services this year, in a l.'I settin& whether face-to-face or by video call, and countless more people benefitted indirectly through their contact with teachers, teaching assistants and other interested parties who have received training in dyslexia awareness from our Charity. 2,618 people attended the Charitws courses during the year, ensuring that they were better equipped to support people with dyslexia in their daily lives, whether in the home, at school, in the workplace or in other communities. We supported disadvantaged communities, with a record-breaking 610 people benefittingfrom bursary-funded support. Of these. 499 individuals with dyslexia from lower-income backgrounds received bursary funded support amounting to £260,000. In addition, 111 State School teachers and teaching assistants received bursary-funded dyslexia related training, so they could better support learners with dyslexia in their classrooms. We are committed to further increasing our reach and impact in the coming years, with a determination to increase our regional spread, increasing the number of our potential beneficiaries and particularly focusing our effort5 on providing further assistance to people with dy51exia and other Specific learning difficulties who are from lower-income backgrounds. What our beneficiaries say In a recent survey of 302 beneficiaries of bursary-funded support. respondents told us the following: 98°A of respondents agreed that having a dyslexia assessment helps the person to understand themselves better, including their strengths and weakne55es. 98% of respondents agreed that having a dy51exia assessment helps you to acces5 further support. 19 94% of respondents reported that the initial assessment led to improved confidence. 96% of respondents reported that the assessment led to reduced frustration and anxiety. 88% of respondents reported thatthe assessment led to improved literacy. 100% of respondents said they would recommend Helen Arkell Dyslexia Charity to 3 friend. These are some of their comments: our help has been absolutely fundamental in ensuring that my daughter is able to receive the right 5UPPOrt for her education now, and in the future. The school informed me about Helen Arkell. I was so grateful to hear back from the Helen Arkell team, and everyone was so kind and helpful. My daughter came for an assessment, and was made to feel so at ease, and she wasn'tjust being examined. We received her diagnosis, which has been a massive help and boost to her learning, as she moved into a higher school setting. She doesn't feel as though she has to explain herself anymore, and knows she might struggle understanding certain things,. but she has the confidence to ask for additional help now. I cannot thank Helen Arkell enough for making such a difference to my daughterfs well being." "Your help has been absolutely fundamental." Yhe assessment has given my son that light bulb momentl Since his assessment he has been kinder to himself because he understands why he struggles while many other children in his class do not. His teachers have taken the assessment seriously, and since then have provided impactful adjustments. The assessment has also helped me talk to my son in a more helpful way enabling him to see his whole person aptitudes. He also sees that he has abilities in visual spatial areas that others do not, giving him awareness of the bigger picture when it comes to human5 and useful skills. Thank youl" 'The assessment has given my son that light bulb moment!" "l am so pleased and grateful to have had the support and assessment from your establishmentthi5 ha5 given me validation and the confidence to know and understand that I process thing5 in a different way giving me a deeper understanding of myself and knowing why I have struggled so much throughout my childhood and adult life. Thank you !" "We will all be forever grateful to Helen Arkell Dyslexia Charitv" "I can't thank this charity enough, it has helped aid me in where l am today- at university studying paramedic science. Growing up i felt this was completely out of my reach, but this charity has given me the foundations and confidence to become a better version of me. Thank youl" "This charity has given me the foundations and confidence to become a better version of me. Thank you I" 20 "Your help has been life changing. I cannot thank you enough. It was the report which got the Local Authority to start paying some attention and start putting some support in place. He is still school avoiding, but it is significantly les5, and I do believe without this support, he may not be in school at all. We are very grateful indeed - as a whole family (parents, child, sibling}. Many thanks Helen Arkell Dyslexia Charity and everyone who supports you." 'Your help has been life changing." "The Helen Arkell process was friendly, fast and easy to navigate I'd highly recommend to anyone needing an assessment." 'The assessment has enabled my daughterto understand her Strengths and weaknesses enabling her to find ways to manage the challenges she faces." "This has meant everything to my daughter." "The assessment has helped my son to understand why he found things difficult. The ladythat assessed him convinced him that he has a real superpower in dyslexia and really changed the way he viewed his difficulties. I couldn't recommend enough I" 'Thanks to the assessment, my daughter now knows why she has been struggling so much in school and that it's something she will always have but that she can manage and to a certain extent overcome. Through the charity we have gained advice and tools that will help her for the rest of her life. She now has more confidence and is more willing to try and not let her dyslexia get the better of her." "The bursary to help me access my appointment with Helen Arkell's dyslexia specialist, and my subsequent diagnosis, has helped me turn my life around." 'Yhis has meant everything to my daughter. The assessment was great and she really enjoyed the pro￿5S. The diagnosis has meant she can get the support she needs at school. It also helps her confidence as she now knows there is nothing wrong with her, she has an amazing brain, that learns and processes things in a different way. The tutoring has really helped her confidence lessons and she loves the sessions. Thank you so much for everything." "Many thanks Helen Arkell Dyslexia Charity and everyone who supports you. 21 Our work makes a real difference, a difference to people like Eshani When Eshani'5 mum noticed that she could tackle complex maths problems but struggled with simpler questions, she knew something wasn't quite adding up. A single parent working part J4.? time, she applied for Eshani to have a dyslexia a55essment x through the Helen Arkell Dyslexia Charity bursary fund. The >1 dyslexia diagnosi5 confirmed her suspicions and opened the door to transformative support. Eshani was matched with Lynn. 3 specialist tutor at Helen Arkell. who introduced learning strategies perfectly suited to her needs. The results have been remarkable helping Eshani develop new ways of thinking about and remembering spellings, while also boosting her problem-solving abilities and her confidence. This transformation was clear in her recent Mock SATS results, which showed a big improvement. But the impact goes beyond the classroom. During family game nights, Eshani now often outperforms her mum and brother! She is an accomplished swimmer and a member of her local choir. She has also successfully auditioned for a role in an upcoming show in London's West End I Much of Eshani's motivation comes from her close relationship with her older brother Dhyaan. His example inspire5 her to push herself in everything she does, creating a positive dynamic that drive5 both Siblings forward. '1 cannot believe how much difference having this tuition has made for Eshani,, her mother shares. "The improvement in her work is just outstanding l Lynn has made Eshani think in a different way, and the methods she uses to help Eshani in remembering 5pelling5 are just perfect for her." Students like Eshani are discovering that dyslexia doesn't have to be a barrier to success- it's simply a different way of learning that. with the right support. can lead to remarkable achievements both in and out of the classroom. 22 A Helen Arkell bursary can change a life... "I want to thank you for the help with this bursary; it has enabled me to gain extra support at Uni for my learning." "Honestly having H assessed and then diagnosed through Helen Arkell has made such a massive difference. I can'tthank you enough. without being awarded bursary funding we would not have been able to get H assessed. It has had such a positive impact on H's life now and for in the future too. H now is more willing to ask for support, as she no longer feels she is 'just stupid,, she has more self worth. So once again thank you for this amazing service." "Without being awarded bursary funding we would not have been able to get H assessed." 'Yhe assessment ha5 made a significant difference to our whole family. The factthat we were seen so quickly. the kindness of the assessortowards both my son and myself, and the thorough explanation she provided Bave me so much more of an understanding of how to help. Withoutthe bursarytowards both the assessment and the tutoring, there is no way we'd have been able to afford it." "Without the bursary towards both the assessment and the tutoring, there is no way we'd have been able to afford it. "The Helen Arkell charity was a massive support in getting our son diagnosed with Dyslexia & Dycalculia. Without the help financially he wouldn't have had a diagnosis when he did & potentially would not have got into his specialist SpLD school which has transformed his life. Thankyou so much" hings have now been put in to place to help with my sons reading and by understanding it my son does not feel stupid anymore he now know5 why he finds it hard to read and understand things. I could not have afforded it by myself. I would hate to think what would have happened if we did not get the funding." "My son does not feel stupid anymore." "Without the help of a part funded bursary towards assessment for our child, we wouldn't have been able to afford it. With this assessment we can pinpoint exactly where she needs support and have evidence to support her in exam acce55 arrangements. Thank you." "Thank you Helen Arkell, the whole process was made easy and l am grateful for all you have done. 23 Demand is high right now We are seeing twice as many applications for bursary-funded support as norm31, due to the financial difficulties caused by the cost of living crisis. These include a whole host of children from homes where single-parents or foster-parents are struggling to make end5 meet and are frequently in debt, and also a large number of adults who are out of work and see their suspected dyslexia as the single most significant aspect that is holding them back. All of these people are having difficulties. We understand that current circumstances are difficult for everyone. but if you are in a positlon to help with a donation, we would be hugely grateful foryour support. "l urge you to give whatever you can to this charity. Your donation means so much to families like ours." 24 Treasurer's Report l am delighted to present my first report as Treasurer of Helen Arkell Dyslexia Charity. My job has been made so much easier because of the exceptional efforts of the outgoing Treasurer, Mike Sicely. I would like to thank Mike for all hi5 tireless work and outstanding contribution to the financial infrastructure of the Charity. This year the Charity reported a net deficit of1£40,0911, compared to a net deficit of1£4,9721 in 2023, as reflected in the Statement of Financial Activities ISOFAI. The deficit was expected given our increased investment in fundraising and our extended use of historic restricted donations to fund our record level of bursaries in the current year. This deficit therefore masks a strong underlying performance in a year where the Charity increased its reach and impact, as well as income and contribution across each of the core activities of tuition. assessments and courses. Income from charitable activities (principally the delivery of assessments, tuition and training courses) of £1,383,177 reflected a 17% increase over the prior year12023'. £1,182,508). Income from assessments was up 7%, training up 39% and tuition up 26% which. together with the increase in bursaries granted, underlies the strength of the Charity's work. Continued tight cost control enabled us to contain growth in unrestricted expenditure on charitable activities to 10% {2024'. £1,400.550, 2023= £1,277,167) despite this year's increase in charitable artivitie5 and the considerable upward pressure from high inflation. Unrestricted income increased by £90,689 to £1,486,098 {up 6% from £1,395,409) and the unrestricted deficit of (£16.9301 compare5 to an unrestricted surplus in 2023 of £82,167. The Charity continued to utilise historic donations resulting in a deficit on Restricted funds of1£23,1611 compared to a 2023 deficit of1£87,1391. The generous, restricted donation of £IOO,00 from Constable Education Trust in 2023 was not fully utilised in that year- the residual £47,086 was utilised. as planned. in 2024. Unrestricted donations and legacies were lower in 2024.. £74,998 versus 2023 £194,568, with 2023 being unusually high in part due to a one-off unrestricted donation from the Arkell family. We achieved an increase of IIOA in restricted donations and legacies of £264.963 in 2024 versus £238,031 in 2023, despite the prior year including the final year of the Aegis Trust grant. We continue to makè proportionate investments in fundraising activities and are encouraged by initial results in 2025. At year end unrestricted reserves reflected a decrease of £16.930 to £165,24012023: £182,170}, remaining within our target range. The Trustees are confident that the Charity ha5 sufficient unrestricted re5erve5 to enable it to execute the business plan and the Board-approved strategy. A break-even budget has been approved by the Board for the 2025 financial year. Restritted reserves stand at £61,50512023: £84.6661. It is worth noting that cash balances exceed total reserves, another sign of the Charit¢s good health. The Charity reports a cash outflow from operations of1£66,1571 compared to an outflow of 1£63.5631 in 2023. At year end overall cash resources were £226,304.. a decrease of {£59,1481 from 2023, The Trustees continue to execute the Board-approved investment strate8y given the level of cash on hand in the Charity. This is a low risk-based approach primarily focussed on improving the investment return in the form of interest on funds without exposing the Charity to unacceptable levels of risk. Investments are limited to term deposits with approved financial institutions covered bythe FSC5 dep051t protection scheme. No one investment will exceed the £85,000 FSCS protection 25 limit. Given the increase in interest rates in recent times the Charity will expett an increase in investment income in future periods. The Trustees remain focu5sed on maintaining sufficient unrestricted reserves to ensure that the Charity is a5 financially secure as possible to deal with any further future disruption. All the Charitvs reserves are currently held in cash. using a cash management system mentioned above. to maximise interest. The Trustees are very aware that prudent fiscal management is critical in these uncertain times and consequently the Finance, Audit, Investment and Risk Committee IFAIRI continues to meet frequently to oversee the management of the financial affairs of the Charity. FAIR has c105elv scrutinised the cashflow projections and budgets prepared by management and taken actions as noted in this report where necessary for the financial security of the Charity. A break-even budget forthe forthcoming year has been approved by FAIR and the Trustees. This budget allows for the continued expansion of the Charity, increasing its 8eogr3phic31 reach and impact to meet the demand that exists for its services. Reserves policy The Board of Trustees aims for the Charity to maintain sufficient reserves to continue operation5 in the event of a significant reduction in income for a period of three to six months. The Board is mindful that this does not necessarily require reserves to cover the Charit¢s total expenditure for such a period. This is because were the Charity to experience a large drop in receipts, given the scalability of its activities, costs would fall in a similar manner. Likewise, the Charity is not entirely reliant on voluntary income to cover all of its costs, as some of its activities generate income. As a result, the Board believes that the Charity's target level of reserve5 should be with reference to its 'fixed costs,. particularly overheads and the staff costs associated with those who are engaged on full-time, long-term contracts. Taking the policy into account, the target range for the Charit¢s reserves associated with its unrestricted activities currently is set by the Trustees at £150.000 to £200.000. The policy and tar8et range are regularly reviewed. reflecting the Charity's size and the proportion of total income achieved by fundraising. This reserving policy was reviewed by the Trustees at the strategy away day in September and no material changes were made to the existing policy. The Trustees seek to maintain a balance of sufficient reserves whilst also investing in growth to enable more lives to be positively affected by the Charity's work, in accordance with its objectives. As of 31 August 2024, the balance of Unrestricted Reserves stands at £165,240 {2023= £182,170). successfully meeting the Charity's reserves policy. The Trustees aim to maintain reserves within the target range whilst continuing to grow the Charity's activities. The Trustee5 wil I continue to closely monitor the performance of the Charity and market events going forward and will take any necessary actions if business plans or budgets are not met. Risk management FAIR meets regularly to evaluate and monitor the Charity's risk profile. In the year under review the turbulent economy, high inflation and some of the challenges and problems created by the pandemic persisted. The focus of the Trustees continued to be on the financial stability of the Charity and this report outline5 the primary artions taken to mitigate the emerging risks. The Charity continues to update the risk register as new risks emerge and to ensure that mitigating actions are taken promptly where necessary. 26 At the time of this report uncertainty remain5 about the year ahead, including the potential financial impact of geopolitical uncertainty, increased interest rates and inflation, and the effect of this on the cost of living and, importantly, our own operating costs. FAIR will continue to be responsive in this fast-changing environment. The Charity has a new strategic plan that is dynamic as well as a realistic budget. The Charity 15 well positioned for the year ahead to pursue its objectives and maintain financial stabilitv. Going Concern The Trustees confirm that, having considered our expectations and intentions for the next twelve months. our track record of delivery. including an approved budget and the availability of working capital, the Charity is a going concern. We confirm that the disclosures in the 3ccountinE policies are an accurate reflection of the reasons for our consideration that the financial statements should be drawn up on a going concern basis. 27 Plans for the future period As detailed above {see Strategic Plan, page 171 we have set ourselves bold and ambitlOUS goals for the next three to five years. Building on solid foundations our strategy has at its core a desire to provide an ever broader and deeper offer of support to people with dyslexia and those around them. regardless of ability to pay. Our goal is to increase the reach and impact of our support with a fuller breadth and depth of service. We have set ourselves the following targets for the year ending 31 August 2025.. Target I: In line with our mission to remove barriers to learning, employment and life for people with dyslexia by providing experL personal and life-changing support, we aim to further increase the numbers of people with dyslexia whom we help with I'.1 support, in the year ending August 2025. This will include l.'I support by means of assessments, consultations. tuition, skills-building and coaching for children, young people and adults at any stage of their lives. Target 2.. We plan to provide significant amounts of bursary-funded specialist support to disadvantaged people with dyslexia from lower-income backgrounds next year, whilst recognising that our ability to maintain current levels of financial 5UPPOrt will depend upon our success in achieving sufficient fundraising donations. It is noted that record-breaking levels of bursaries provided in the 22123 and 23124 financial year5 were only possible because of exceptional fundraising donations for this specific purpose. Ta rget 3.. We aim to train further cohorts of teachers and teaching assistants specifically from the state school sector. as part of our overall strategy to reach disadvantaged communities. This addresses the fact that learners with dyslexia in state schools generally have less access to teaching staff who have been trained in how to support their needs, than those in the independent school settor. Ta rget 4.. We aim to engage with increased number5 of School settings in general, particularly with provision of training in the support of dyslexic learners by means of in-service days, {nine provided in 23/241, and to then follow-up with other support services as applicable to the individual setting. Target 5.. We will continue to explore opportunitie5 for strategic partnerships with other organisations whose aims and objectives align with our own. for the ultimate benefit of people with dyslexia across the UK and beyond. If any reader of this Annual Report feels inspired to help us progress with any of the above targets, whether financially or otherwise, we would love to hear from you at en uiries helenarkell.or Together let's fulfil our purpose of empowering children and adults with dyslexia. 28 HELEN ARKELL DYSLEXIA CHARITY REPORT OFTHE TRUSTEES for the earended 31 Au ust 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees Iwho are also the directors of Helen Arkell Dyslexia Charity for the purposes of company lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resour¢es, including the income and expenditure of the charitable company for that period. In preparing those financial statements. the Trustees are required to selert suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charity SORP,. make judgements and estimates that are reasonable and prudent,. prepare the financial statements on the going concern ba515 unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting record5 which disclose with reasonable accuracy at any time the financial p051tion of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable 5tep5 for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware: there is no relevant audit information of which the charitable company's auditors are unaware,. and theTrustees have taken all stepsthat they ought to havetaken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. AUDITORS The appointment of auditors for the following financial year will be reviewed at the Annual General Meeting. 29 January 2025 Approved by order of the board of Trustees on behalf by.. and signed on its Sllln•d ￿.. 2Y23W7c￿A￿...... . Michael-john Albert Chair of Trsjstees 29 REPORT OFTHE INDEPENDENT AUDITORSTO THE MEMBERS OF HELEN ARKELL DYSLEXIA CHARITY Opinion We have audited the financial statements of Helen Arkell Dyslexia Charity Ithe 'charitable company'l for the year ended 31st August 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31st August 2024 and of its incoming resources and application of resources. including it5 income and expenditure, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006 Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is Sufficient and appropriate to provide a basis for our opinion. Conclusions relatlng to going concern In auditing the financial statements, we have concluded that the Trustees, use of the going concern ba515 of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sertions of this report. Other information The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditor thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in my report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility IS to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether thi5 give5 rise to a material misstatement in the financial 5tatement5 themselves. If, based on the work we have perftsmied, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matter5 prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is con515tent with the financial statements.. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. 30 REPORT OFTHE INDEPENDENT AUDITOR TOTHE MEMBERS OF HELEN ARKELL DYSLEXIA CHARITY Matters on which we a￿ required to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to vou if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns,. or certain disclosU￿S of Tru5tees' remuneration specified by law are not made.. or We have not received all the information and explanations we require for our audit,. or the Trustees were not entitled to tske advantage of the small companies exemption from the requirement to prepare a Strate8ic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees, Responsibilities, the Trustees (who are also the directors of the charitable company for the purpose5 of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatemenL whether due to fraud or error. In preparing the financial statements. the Trustees are responsible for 355e55ing the charitable company's ability to continue as a going concern, disclosing, a5 applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations. or have no realistic alternative bLrt to do so. Our responsibilitie5 for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemenL whether due to fraud or error, and to issue a Report of the Independent Auditor that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Mi55tatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Our approach to identifying and a55essing the risks of material misstatement in respett of irregularities, including fraud and non-cornpliance with laws and regulations, was as follows.. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations,. we identified the laws and regulations applicable to the charitable company through discussions with Trustees and other managemenL review of the charitable company's 'Register of Legal Requirements,. and from our knowledge and experience of the sector.. we focused on specific law5 and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006, the Charities Act 2011, and legislation relating to employment, environmental issues and health and safety,. we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting relevant correspondence.. and identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. 31 REPORT OFTHE INDEPENDENT AUDITOR TO THE MEMBERS OF HELEN ARKELL DYSLEXIA CHARITY We assessed the susceptibility of the charitable company's financial statements to material misstatemenL including obtaining an understanding of how fraud might occur, by.. making enquiries of management as to where they considered there was SLFsceptibility to fraud, their knowledge of actual, suspected and alleged fraud,. and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulation5. To address the risk ot fraud through management bias and override of controls. we: performed analytical procedures to identify any unusual or unexpected relationships; tested journal entries to identify unusual transactions- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias,. and investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included. but were not limited to: agreeing financial statement disclosures to underlying supporting documentation: reading the minutes of meetings of those char8ed with governance- obtaining an overview of the internal procedures adopted by the charitable entity to ensure continued compliance with relevant laws and regulations, including a review of a sample of the reports from internal process audits; enquiring of management as to actual and potential litigation and claims,. and ' reviewing relevant correspondence with relevant regulators. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions. the less likely it is that we would become aware of non-compliance. Auditing Standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other manaEement and the in5pettion of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements Is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditor. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's member5 those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit worl for this report, or for the opinions we have formed. Oo¢uSloMrtby'. 8689025AQA6G44F::... ... ... ... . . .... ..... Lance Redman (Senior Statutory Auditor) for and on behalf of Shaw Gibbs Audit Ltd 264 Banbury Road Oxford Oxfordshire OX2 7DY & '4f,Y Zo 32 HELEN ARKELL DYSLEXIA CHARITY STATEMENT OF FINANCIAL ACTIVITIES for the ear ended 31 Au ust 2024 2024 Total fund5 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 74,998 264,963 339,961 432,599 Charitable activities Assessments Courses Tuition Shop Other 726,419 360,591 249,605 43,840 2,722 726,419 360,591 249,605 43,840 2,722 679.476 259,790 198.068 41,942 3,232 1,383,177 1,383,177 1,182,508 Other trading activities Investment income 10,725 17,198 10,725 17,198 11,807 6,526 Total 1,486.098 264,963 1,7SI,061 1,633,440 EXPENDITURE ON Raising funds 102,478 102,478 85,075 Charitable activities Assessments Courses Tuition Shop Central staff Shared overheads 489,211 202,411 230.499 38.207 207.625 232,597 220,530 34,755 32,839 709.741 237.166 263,338 38.207 207,625 232,597 661.517 212,160 226,875 39,016 192.583 221,186 1,400,550 288.124 1,688,674 1.553,337 Total 1,503,028 288.124 1,791,152 1,638,412 NET INCOMEI(EXPENDtTUREI 116,9301 123,1611 140,0911 14.9721 RECONCIUATION OF FUNDS Total fund5 brought forward 182,170 84.666 266,836 271,808 TOTAL FUNDS CARRIED FORWARD 165,240 61,505 226,745 266,836 The notes form part of these f inancial 5tatementS 33 HELEN ARKELL DYSLEXIA CHARITY BALANCE SHEET 31Au Ust 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Intangible a55ets Tangible assets 13 14 44,421 13,096 44,421 13,096 50.107 18,292 57,517 57,517 68,399 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 15 16 42,319 228,122 164,799 42,319 228.122 226.304 35.751 269,966 285,452 61,505 435,240 61,505 496,745 591,169 CREDITORS Amounts falling due within one year 17 1327.5171 1327,5171 1392,7321 NETCURRENT ASSErs 107,723 61,505 169,228 198,437 TOTAL ASSETS LESS CURRENT LIABILITIES 165,240 61.505 226,745 266,836 NET ASSEfsiiLIABILITIES) 165,240 61,505 226,745 266,836 FUNDS Unrestricted funds Restricted funds 19 165.240 61,505 182,170 84,666 TOTAL FUNDS 226,745 266.836 These financial statement5 have been prepared in accordance with the provisions applicable to charitable companies subject to the small companie5 regime. The financial statements were approved by the Board of Trustees on and were signed on its behalf bv.. 29 January 2025 SIFnqd by.. 723W7CF7A￿................ Michael-john Albert Chair of Trustees The notes form part of these financial statements 34 HELEN ARKELL DYSLEXIA CHARITY CASH FLOW STATEMENT forthe ear ended 31 Au ust 2024 2024 2023 Notes Cash flow5 from operatlng activities Cash generated from operations Interest paid 166,1571 160,9791 12,5841 Net cash provided by operating activities 166.1571 163.5631 Cash flow5 from invest5ng activlties Purchase of intangible fixed assets Purchase of tangible fixed assets Interest received 18,4001 11,7891 17,198 129,4001 113,8361 6,526 Net cash used in investing actiwties 7,009 136,7101 Cash flows from financing activities Loan repayments in year 172,0671 Net cash (used inl/provided by financing activities 172,0671 Change in cash and cash equlvalent5 in the reporting period Cash and cash equlvalent5 at the beginning of the reporting period 159,1481 1172,3401 285,452 457.792 Cash and cash equivalents at the end of the reporting period 226.304 285,452 The notes form part of these f inancial statements 35 HELEN ARKELL DYSLEXIA CHARITY NOTESTO THE CASH FLOW STATEMENT for the ear ended 31 Au ust 2024 RECONCILIATION OF INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING AcfiviTIES 2024 2023 Net incomellexpenditure) for the reporting period las per the Statement of Financial Activities) Adjustment5 for: Depreciation charges Interest received Interest paid Ilncreasel/decrease in stock5 Ilnereasel/decrease in debtors Increase/ldecreasel in creditors 140,0911 14,9721 21,071 117,1981 17,449 16,5261 2,584 15,8271 1102,3071 38,620 16,5681 41,844 165,2151 Net Cash provided by operations {66,1571 160,9791 ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cash at bank and in hand Notice deposits Iless than 3 months) 133,630 92,674 285,452 226,304 285,452 ANALYSIS OF CHANGES IN NET FUNDS At 1.9.23 Cash flow At 31.8.24 Net cash Cash at bank and in hand 285,452 159,1481 226,304 285.452 159,1481 226,304 Total 285,452 159.1481 226,304 The note5 form part of these financial statement5 36 HELEN ARKELL DYSLEXIA CHARITY NOTES TO THE FINANCIAL STATEMENTS forthe ear ended 31 Au ust 2024 ACCOUNTING POLICIES Basis of p￿parIng the financial Statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicoble in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical c05t convention. Income All income is recognised in the Statement of Financial Activities once the Charity has entitlement to the fvnd5, It is probable that the income will be received and the amount can be measured reliably. Non refundable deposits are recognised when money is received as this is the point the Charity is entitled to it. Course incorne received in advance is deferred and 15 recognised evenly over the duration of the service. The Charity received a significant restricted grant in June 2021, to cover a period of 2 years,. this income was recogni5ed over the subsequent 24 month period, spanning the three financial years 20121, 21122 and 22123. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure. it is probable that a transfer of economic benefits w¢ll be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related tothe category. Where costs cannot be directly attributed to particular heading5 they have been allocated to activities on a basi5 consistent with the use of resources. Intangible 8S5et Amort15ation 15 provided at the following annual rates in order to amortise each asset over its estimated useful life. Commencement of amortisation wi51 begin when the asset is available for its intended use. Website Software 20%on cost 20% on cost Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Improvements to property Plant and machinery Fixtures and fittings 25% on cost 25% on cost 25% on cost Stock5 Stocks are valued at the lower of cost and net reali5able value. after making due allowance for obsolete and slow moving item5. Taxation The Charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. Restricted funds can only be used for particular restricted purp05e5 Within the objects of the Charity. Restrictions arise when specified by the donor orwhen funds are raised for particular restricted purpose5. Explanation of the nature and purpose of specific restricted donations is included in the notes to the financial statements. continued.. 37 HELEN ARKELL DYSLEXIA CHARITY NOTES TO THE FINANCIAL STATEMENTS- continued forthe ear ended 31 Au ust 2024 ACCOUNTING POLICIES- continued Pension cost5 and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Ststement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 2024 2023 Donations Gift aid Legacies 335,885 4,076 415,182 17,417 339,961 432,599 OTHER TRADING A￿1VITIEs 2024 2023 Fundraising events 10,725 11,807 INVESTMENTINCOME 2024 2023 Deposit account interest 17,198 6,526 INCOME FROM CHARITABLE AcfiviTIES 2024 2023 Activi Assessments Courses Tuition Shop Other Income Income Income Income Income 726,419 360,591 249,605 43,840 679.476 259,790 198,068 41,942 1383 177 continued.. 38 HELEN ARKELL DYSLEXIA CHARiri NOTES TO THE FINANCIALSTATEMENTS- continued forthe ear ended 31 Au ust 2024 COST OF RAISING FUNDS Cost of raising donations and legacies 2024 2023 Fundraising 102,478 85,075 Fundraising costs include £91,41712023 £78,534) relating to the cost of fundraising Staff. In the year to August 2023 this included staff funded by the generous support of The Aegis Charitable Trust. CHARITABLE AcfiviTIES cosrs Support costs (see note 81 Direct Costs Totsl Assessments Courses Tuition Shop Central staff Shared overheads 709.741 237,166 263,338 38,207 207.058 709,741 237.166 263.338 38,207 207,625 232,597 567 232,597 1,455,510 233,164 1,688,674 SUPPORT COSTS Management Governance Total Central staff Shared overheads 567 223.297 567 232,597 9.300 223,864 9,300 233.164 *auditors' remuneration NET INCOMElIEXPEND￿uREl Net income/lexpenditurel is stated after chargingllcreditingl.. 2024 2023 Auditors, remuneration Depreciation- owned assets Software amortisation Website amortisation 9,300 6,985 12,633 1,453 8,750 5,969 9.350 2.130 continued... 39 HELEN ARKELL DYSLEXIA CHARITY NOTES TO THE FINANCIAL STATEMENTS- continued forthe ear ended 31 Au ust 2024 io. TRUSTEES. REMUNERATION AND BENEFITS There were no Trustee5' remuneration or other benefit5 for the year ended 31 Atjgust 2024 nor for the year ended 31August 2023. Trustees, expenses There were no tru5tee5' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. li. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 911,572 58.304 16,893 868,025 67,123 16,041 986,769 951,189 The average monthly number of employees during the year was as follows.. 2024 2023 Charitable Activities Fundraising & Communications Support Services 44 si 50 One employee received emoluments in excess of £60,000, falling within the range £80,000- £90,000. The total remuneration for key management personnel in the year was £210.70012023.. £184,193). 11 employees were full time12023.. 101. 40 employees were part time12023.. 401. No trustees received anv remuneration in the year. continued... 40 HELEN ARKELL DYSLEXIA CHARITY NOTES TO THE FINANCIAL STATEMENTS- continued for the ear ended 31Au ust 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted funds 2023 Restrirted fund5 2023 Total funds 2023 INCOME AND ENDOWMENTS FROM Donations and legacie5 194.568 238,031 432,599 Charltable artlvlties Assessments Courses Tuition Shop Other Other trading activities Investment income 679.476 259,790 198,068 41,942 3.232 11,807 6,526 679,476 259,790 198,068 41.942 3,232 11,807 6,526 Total 1,395.409 238,031 1.633,440 EXPENDITURE ON Raising funds 55,075 30,000 85,075 Charitable activities Assessments Courses Tuition Shop Central staff Shared overheads 467.282 158.900 198,200 39,016 192,583 221,186 194.235 53,260 28,675 661.517 212,160 226.875 39.016 192,583 221,186 Total 1,332,242 306,170 1.638,412 NET INCOMEIIEXPENDITUREI 63,167 168,1391 14.9721 Transfers between funds 19,000 119,0001 Net movement in fund5 82,167 187,1391 14,9721 RECONCILIATION OF FUNDS Total fund5 brought forward 100.003 171,805 271.808 TOTAL FUNDS CARRIED FORWARD 182,170 84,666 266.836 continued... 41 HELEN ARKELL DYSLEXIA CHARITY NOTE5 TO THE FINANCIAL STATEMENTS- continued forthe ear ended 31 Au ust 2024 13. INTANGIBLE FIxEDASS￿5 Software Website Total COST At I September 2023 Additions 59,400 8,400 62,517 121,917 8,400 At 31 August2024 67,800 62,517 130,317 AMORTISATION At I September2023 Charge for year 11,850 12,633 59,960 1,453 71,810 14,086 At 31 August 2024 24,483 61,413 85,896 NET BOOK VALUE At 31 August2024 43,317 1,104 44,421 At 31 August2023 47,550 2,557 50,107 14. TANGIBLE FIXED ASSErs Improvements to property Plant & machinery Fi¥tures & fittings Total COST At I September2023 Additions 85.355 109,335 1,789 15,161 209,851 1,789 At 31 August 2024 111124 211 640 DEPRECIATION At I September2023 Charge for year 85,355 91,043 6,985 15,161 191,559 6,985 At 31 August 2024 85,355 98,028 15,161 198.544 NET BOOK VALUE At 31 August 2024 13,096 13,096 At 31 August 2023 18.292 18,292 continued... 42 HELEN ARKELL DYSLEXIA CHARITY NOTESTO THE FINANCIAL STATEMENTS- continued for the ear ended 31 Au ust 2024 15. STOCKS 2024 2023 5tock5 42,319 35.751 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors VAT Prepayments and accrued income 211,944 259.223 1,400 337 9.006 337 15,841 228.122 269,966 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Social security and other ta¥e5 Accruals and deferred income Accrued expenses 20.997 18,957 266,554 21,009 12.093 18,096 340.447 22,096 18. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due a5 follows: 2024 2023 Within one year Between one and five years 43,451 87,021 41,891 130,472 continued... 43 HELEN ARKELL DYSLEXIA CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued for the ear ended 31 Au ust 2024 19. MOVEMENT IN FUNDS Net movement in funds At 31.8.24 At 1.9.23 Unrestricted funds General fund 182,170 116,9301 165.240 Restritted fund5 Restricted Bursaries Constable Educational Trust Linbury Trust Theo Paphitis/Ryman Ltd 27.580 47,086 10.000 14,845 147,0861 9,000 80 42,425 19,000 80 84,666 123,161 61.505 TOTAL FUNDS 266,836 140,0911 226.745 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement n funds Unrestricted funds General fund 1.486,098 11,503,028) 116,9301 Restrirted funds Restricted Bursaries Constable Educational Trust Linbury Trust Theo Paphitis/Ryman Ltd 215,963 1201,1181 147,0861 iio,0001 129,9201 14.845 147,0861 9,000 80 19,000 30,000 264,963 1288.1241 123,1611 TOTAL FUNDS 1.751,061 11,791,152) 140,0911 continued... HELEN ARKELL DYSLEXIA CHARITY NOTESTO THE FINANCIAL STATEMENTS- continued for the ear ended 31 Au ust 2024 19. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds Transfers between funds. At 31.8.23 At 1.9.22 Unrestricted funds General fund 100,003 63,167 19.000 182,170 Restrlcted funds Restricted Bursaries Aegis Charitable Trust Con5table Education Trust FAST Projects Linbury Trust 56,730 1,477 99,810 3,787 10,000 119,1501 11,4771 {52,7251 13,7871 9.000 {io,0001 27.580 47,085 19,0001 10,000 171,805 168,1391 119,0001 84.666 TOTAL FUNDS 271,808 14,9721 266,836 Transfers between funds During the prior year under comparison, £19.000 was transferred from restricted to unrestricted funds. This related to capital expenditure using restricted f unds donated to the Charity for two specific purposes I£IO,000 for the installation of a fire alarm system at the Charit¢s head office and £9.000 for implementation of a new software system). As the restrictions were fully satisfied £19.000 was derestricted. Comparative net movement in f unds, included in the above are as follows.. Incoming resources 2023 Resources expended 2023 Movement in funds 2023 Unrestricted funds General fund 1,395,409 11,332,242) 63,167 Restricted fund5 Restricted Bursarie5 Aegis Charitable Trust Constable Education Trust FAST Projects Linbury Trust 131,529 87,502 1150,6791 188,9791 152,7251 13,7871 iio,0001 (19.1501 11,4771 152,7251 13,7871 9.000 19,000 238,031 1306,1701 168,1391 TOTAL FUNDS 1,633.440 11,638,412) 14,9721 continued... 45 HELEN ARKELL DYSLEXIA CHARITY NOTES TO THE FINANCIAL STATEMENTS- continued for the ear ended 31 Au ust 2024 20. FUNDS The Bursary Fund The out-going resources represent bursary-funded support granted during the year. Restricted bursarles A number of donors specified that their donations should be used for provision of bursary-funded support to people from lower-income backgrounds, and in some cases these donations carry additional restrictions including fattors such as age of beneficiary, county of residence etc. Such donations have either already been spent during the year or are ear-marked to be spent in the subsequent year/s. The Aegis Charitable Trust A restricted donation of £300,000 was received from The Aegis Charitable Trust towards the end of the 20121 financial year. This was for the purpose of undertaking three projetts over the subsequent two years.. il expanding the Charit￿5 fundraising team,. ill providing bursary-funded support to individuals from lower- income backgrounds,. iiil providing specialist training to teachers and teaching assistants from State Schools. The income from this donation has been reflected on a time-apportion basi5 in accordance with the terms of the grant. Consequently £37,500 was recognised within the 20121 financial year, £175,000 was recognised in the 21122 financial year and the remaining £87,500 was recognised in the 22123 financial year. All three projects were successfully concluded in the 22123 financial year, and the restricted f und is now fully spent. The Constable Education Trust Donations totalling £225,000 were received during the 21122 financial year from The Constable Education Trust, for the following purposes.. il to provide bursary-funded support to children from lower-income families,. ill to aSSlSt in the re-location of the Charity's premises from Frensham to alternative leased premises in Farnham Town Centre, including costs of moving, fit-out, rent and ancillary costs. At the close of the 22123 financial year, £47,086 remained, which was f ully spent in the 23124 financial year, in accordance with the donorfs wishes. The LinburyTrust In 2021 The Linbury Trust commenced a 4-year grant commitment, donating £19,OOO/year. For the first three years this was partly restricted to the provision of bur5ary-funded 5UPPOrt I£IO,0001, and partly restricted to the implementation of a new IT system for managing bookings1£9,0001. In year 4, the full £19,000 wa5 restricted to the provision of bursary-funded support. The IT system successfully went live within the 21/22 financial year. The funds restritted to bursary-sUPPOrt have been spent during the 12 month5 following receipt of each annual donation. The fourth and final annual donation was received towards the end of the 23124 financial year and is allocated to be spent in the 24125 financial year. FAST projett A restritted donation of £3,787 was received towards the end of the 21122 financial year, for the purpose of delivering a Families and Schools Together project IFASTI in the 22123 financial year. This project was successfully completed in the 22123 financial year. and the funds were fully spent. Theo Paphit15lRyman Limited Restricted donations amounting to £30,000 were received during the year. following the launch of partnership with Theo Paphitis/Ryman Ltd. It is anticipated that this partnership will continue for 3 years. and it is currently stipulated that funds are restricted to provision of free training to state school teachers and teaching assistants for the improvement of support of learners with dyslexia in the cla55room. The commercial participation agreement that is in place allows for different restrictions to potentially apply to future donation5. The majority of fund5 were spent in the year and all were in accordance with the above restrictions. Any fund5 Outstanding at year end are ear marked for expenditure in the following year. 46