Company reglstration number: 03941946 Charity registratlon number. 1Q82345 The Dyslexia Association (A company Ilmited by guarantee) Annual Report and Financial Stalements for the Year Ended 31 December 2024 Page Kirk LLP Chartered accountants and chartered tax advlsers Sherwood House 7 Gregory BoulevaTd Nottingham NG7 6LB
The Dyslexia Association Contents Reference and Admlnlstratlve Detalls Trustees, Report 2to11 Independent Examinetrs Report 12 statement of Financial Activities 131014 Balance Sheet 15to16 Notes to the Flnancial Statements 17to28
The Dyslexia Association Reference and Administrative Details Charity Reglstratlon Number 1082345 Company Reglstratlon Number 03941946 Trustees D Caunt T W Hiles D Morley N J Purcell D Smith Secretary K E Carter Reglstered Office Sherwood House 7 Gregory Boulevard Nottingham NG7 6LB James HayNood ACA Page Kirk LLP Chartered accountants and chartered tax advisers Sherwood House 7 Gregory Boulevard Nottingham NG7 6LB Barclays Bank PIC Nottingham Group PO Box 18 High Street Nottingham NG16FF Independent Examlner Bankers Page 1
The Dyslexia Association Trustees. Report The trustees, who are dlrectors for the purposes of company law. pre58nt the annual report together with the financial statements and auditors. report of the charitable company for the year ended 31 December 2024. Reference and Admlnlstratlve Detalls Charlty Registratlon Number. Company Registration Number 03941946 The charfty Is incorporated in England and Wales. SheN)od House 7 Gregory Boulevard Notlingham NG7 6LB 1082345 Registered Office: Trustees and offlcers The trustees who served the charity as directors of the company during the reporting period were as follows: Trustees: D Caunt A J Kays {reslgned 7 August 2024) T W Hiles J Mcmurray {resigned 7 August 2024) D Morley N J Purcell D Smith (appointed 7 August 2024) Secretary: K E Carter Page 2
The Dyslexia Associatlon Trustees, Report Chalrman's Introductlon for the year endlng 3111212024 The annual trustee report is a chance to acknowledge Ihe achievements of the year, celebrale successes, and look towards the challenges and opportunities of the future. The Dyslexla Association continues to meet Its core aims of supporting people of all ages with dyslexia. as well as their fam1lieslcars, educators. employers, and the wtder community. In 2024 the charitrfs remit contlnued to include those with overlapping neurodlvergent differences and introduced a new dyscalculla screening and assessment service. The charity also introduced a new neurodlversity profiling tool, from DO- Profiler, ak)ngside the Quickscreen real-time dyslexla test using our new onllne shop. The charity bad a solid fiscal year In 2023, finishing in profit and therefore confidently set a ch811englng budget for 2024. This budget Included funding a new formal pay structure for employees which had been identified by Trustees as Integral to ensurlng the ongoing success and commercial stablllty of the organi5ation. Although the increased overheads resulted in a small loss for 2024, the actlons were long overdue. As a direct consequence we have enhanced the worklng environment as well as addressing several other key objectives In the strategic plan. Our free Helpline and advice servlce remains a core activity of Ihe charity. The Helpllne is funded fiom other income streams (chargeable services) and general fundraising activities. We remain commilted to supporting this activity together wilh promoting the website as a means of informing and conductlng a dialogue with individuals, parents, educators. employers, and Ihe publlc. The website serves as the 'shop windovd for the Association and is often the first point of contact with future clients. The way in which we deliver these services changed in 2024 promulgated by the retirement of our deslgnated Helpllne Advisor. We have reluGtanUy mothballed the dedicated telephone line and launched an onlina contact form where indivlduals can request a call back This has aSlowed us £0 respond with outbound scheduled helpllne calls at a more convenient time and avolds the need to Servi ad hoc Inbound telephone calls. Our three-year strateglc plan. thich was agreed in 2023 and implemented at the beglnnlng of 2024, Identifies four key focus areas, specifically delivering more charitable aclivity, bulldlng capacity. renewing our strengths. and innovating for Ihe future. The plan also identifies measurable success indicators whlch are monitored quarterly by trustees. Thus far, we have successfully completed and delivered on over half of the activilles mandated in the 2024 - 2027 plan. Page 3
The Dyslexia Association Trustees. Report Structure, Governance and Management The Dyslexla Association (known throughout thls report as TDA or the Association) Is a company Ilmlted by guarantee within the meaning of Ihe Companies Act 2006 and a registered charity governed by the rules set out In our Memorandum and Articles of the company {last updated 1810712007). The Association satisfies the requirement under Section 60 of the Companles Act 2006 to omit the word °Limited° from its name. The Association has a board of trustees whlch Is empowered to make decisions on behalf of the Association and does so at its regular meetlngs. The board of trustees are responsible for the govemance of the charity and have the discretion under the Companies Act to manage the chartty how it sees fit. provlding thls is In-line with the Articles of Association and Charities Board guidance and rules of engagemenL The board of trustees meets every quarter to review the performance and strategic plans and objeclives of the Assoclatjon V¥ilh a quorum of no less than 3 trustees. The board of trustees, delegates financial considerations lo their financial committee which meets every quarter and reports direcuy to the board of trustees for all financial decisions. Page 4
The Dyslexia Association Trustees. Report Recruitment and appointment of trustees The TDA Board of Trustees is appointed In accordance with the Articles of Association of the Company and the agreed terms of reference. The company shall have a board of trustses comprfslng no less than five and no more than len members, as follows: . The Chairperson Is nominated by the board of trustees as a person who possesses the necessary skills to lead the board of trustees and is officially appointed following an AGM (Annual General Meeting) or at a general meeting if the post Is vacant. The board of Irustee's shall comprise of a maxhnum of ten (10) trustees and a mlnimum of five (5) who shall be members of the Association. Proposed trustees shall be offlcially voted in and elected to the board as trustees at an Annual General Meeting (AGM). New trustees are interviewed In person by a minimum of 3 existlng members of the board of trustees. If the number of trustees falls below ten {10), then a maximum of four (4) tnjstees may be c04)pted to fill the vacancies. The latter may or may not be members of the Association and will retire at Ihe next AGM whereupon they may stand for re-eleclion. Electlons shall be conducted in accordance with suth pmcedures as found within Ihe current Artlcles of Association at that time. Members elected to the board of Irustees shall serve for a perfod of three years. All trustee posltions are advertised through Ihe charits/s network of members and supporters. If a trustee elects to retire, Ihe trustee will be retired from the TDA Board of Dlrectors at Ihe next general meeting following their written confinnaflon and notification of retlrement. Retiring trustees shall be eliglble for re-eleclion in line with the Articles of Assoclation. The TDA Board of Trustees may appoSnt a new temporary trustee to fill a casual vacancy on the board in line Mrilh the Articles of Assoclatlon. Prcspective trustees wi51 be Snvited to meet the current board of trustees and Association staff. The declslon on whether to Invlte and subsequently co-opt the individual onto the board of trustees wlll be determined by the skill sets on offer and whether these match and would benefit the requirements of the Association. Where a can(fidate is considered suitable, the bo8rd of Iruste8 wlll take a vote on whether Éo appoint the person. Where the board signifies Its approval, th8 candidate will be appolnted to the board of trustees. TDA accepted two twstee reslgnatlons in 2024 and coopted one new member on 0710812024. So, we conunue with five trustees. however, we always welcome suitable candldates with appropriate skllls and experience to join the board. At present, the board is of the opinion that it can function effeclively with the minlmum number of trustees due to thelr experlence and approach and will continue to do so pendlng the appointment of additional members. Trustee Inductlon and Tralnlng New trustees wll undergo an Induction process, Including an oveNiew of the Asscciatlon and its strategic plans. It will also includ8 appropriate published guidance from the Charity Commission on the roles and responslbilities of trustees and The Dyslexia Association temis of reference fcr trustees. Page 5
The Dyslexia Association Trustees, Report Management of the Charlty The trustees have delegated the day-to-day management of the charfty to their pemianent Chief Execulive Ole&r Kay Carter. The board of trustees meet with the CEO quarterly at a pre-arranged date and time to discuss business affalrs and conduct a review of the financial standlng of the Assoclation. Ad-hoc interim meetlngs are also called to address speclfio projects or toplcs as required. Corporate Governance Internal controls over all fomis of commerclal commltment and expenditure continue to be refinod to Improve efficlency. Processes are In place to ensure that perforni8nce Is monitored, and that approprlate management Informatlon Is prepared and reviewed regularly by the CEO, the board of trustees, and Ihe flnance committee. The systems of intemal control are designed to provlde reasonable, but not absolute, assurancè against maierial misstatement or loss. They include: a strateglc plan and 8n annual budget approved by the trustees: regular consideration by Ihe finance committee of financial results. variances from budgets, performance indicators and non-financial perfomiance indicators; delegatlon of day-to-day management authority and segregation of duties; Identification and management of risks; wilh a nominated lead trustee. Rlsk Management New buslness contlnulty plan Each trustee has a lead responsibility lor specific risks. Where appropriate, systems and procedures have been establlshed to mitigate the risks the charity faces. The trustees deterniined that a new buslness continuity plan incorporating risk management, and Impact assessments was required and to be prepared and implemented during 2D24 to ensure all current risks can be mitigated. Thls has been completed and is now subject to testing to the satlsfaction of the trustees. Objects. strateglc objectlves, and principal activlties of the charity The trustees are keen to ensure Ihat the work of the charity Meets the publlc benefit requlrement ouuined in Ihe guldance published by the Charity Commission "Publlc Benefit: the publlc benefit requirement. (published September 2013). To this end the trustees and management team make certain that the overall purposes of the Association: (a) remaln beneficlal in character; and (b) that they benefit the public in general or a sufficient section of Ihe publiG; and (c) in pursulng Its objectives. the Association continues to have regard to Charities Commission guldance when exerclslng their powers and duties. The objects and princlpal activities of the Associallon remain the provision of high qualily. professlonal services for all neurodivergent Indlviduals and not just Ihose who are dyslexic. The principal objective that underpins our work Ss to enrich the lives of all people with dyslexia by educating and infomiing the public about the characteristics and where possible assisitng children and adulis with dyslexia to reach thelr full potential. Page 6
The Dyslexia Association Trustees, Report Actlvltles to complete TDA goals The Association offers a range of services summarised briefly below. A free, confidentlal service Ihat acts as the first point of contact for many cllents initiated through a website enquiry. The service provides information, advice, and guidance on all aspeGts of dyslexia and other associated specific learning difficultles, as well as Information about Ihe paid-for services avallable which are provided by the Assoclatlon. The servlce also offers a call-back funGtion for access to 8n advisor. The Adult Network: Neurodiversity and Dyslexla Is a non-profit coalition of dedicated organi5ations from across the UK supporting adults within our community. The network hosts monthly discussions. which are streamed vla a range of sites, to bring Information. advice and guidance to all individuals who identify as neurodivergent or dyslexic and features as part of our charilable work. Provided free of charge lo dyslexic clients and famllles as a service to de-brfef diagnostic assessments and to provide Assistive Technology advice or by way of a pre-tuitlon intervi8W. A voluntary donation towards the cost of the advlce sessions is appreciated but Is not a mandatory requirement. This service Is avallable for both adults and chlldren to Identify Indicators of dyslexia or dyscalculia. 1. Diagnoslic assessments of dyslexla for all ages admlnlstered by a qualif18d professional. 2. Holistic assessments for a range of SpLDlneurodivergent differences (Induding dyslexia) for adults. 3. Diagnostic assessments of dyscalculia for all ages up to Iwenty-one. Thls assessment Is for sludents and pupils who require written evidence and recommendations for their exams, Ihis Is known as Exams Access Arrangements. Assessmenls admlnistered by a qualified & experienced dyslexla specialisL Recommendations are made for bespoke reasonable adjuslments in the Workpla as part of the duty of the Equality Act 2010. Indivldual 1.1 workplace trainlng and coaching relating to speciflc assistive technology software. and coping strategies. For children and adults, tuitlon coverfng literacy. numeracy, study skius. and attention to other areas of difficulty. Helpline ANND Network Advlce Sesslons Screenlng Dlagnostlc Assessments Exam Access Assessments Workplace Needs Assessments Workplace Support and Tralnlng One-to-one Tultlon Servlces Page 7
The Dyslexia Assoclation Trustees. Report With the exceptlons of the Helpllne, and ANND, our services are chargeable, and they provide the charfty with an Income. We endeavour to keep our charges at reasonable and affordable levels, but they are necessary to allow us to remain operational and make investments into the organisation to cover operallonal overheads such as competitNe salaries, upgrades to hardware, staff CPD (Continuous Professional Development) and the development of new programmes. Prices for the different services are set and reviewed by the senior management team and overseen by th8 finance committee. They are published on our website. The Association's offices are located a mile from Nottingham city centre. The offices are In a shared bulldlng that 18 owned by a local firm of accountsnts. We rent several 2dmlnlstrative and service delivery rooms withln the building at a competitive rate given the squ8re footage and Ils locallon. There is a large car park to the front of the bullding and disabled parklng to the rear to facllltate access. The location of the office is well served by public transport havlng bus and tram stops nearby. The office has good facilities to host disabled clients. The crlterla and measures used to assess success In the reportlng perlod Success is monltored by outcome data measured agalnst financlal budgets. The CEO also provldes a written report to the board of trustees quarterly. Outcome data 55 quantified for each area of activity. Real-time budget Information Is available to all trustees through the intemal (and secure) TDA webpages. A KPI data set was agreed by trustees in 2024, and thls is monltored through the finance committee every quarter. Publlc Beneflt Current research suggests that between 10-15% of the general populatlon experiences some level of dyslexia. Within the East Midlands, this means that there are an estimated 5,500,000 (population 5.5 million) individuals who may have indicators of, and lived experience of, dyslexia. The Association's charitable activities focus on the provision of services to these citizens, intending to provide Ihe dlagnosis. training, and support necessary to help them PToductively manage their differences as well as supporting parents. educators and employers and educating the wider community to raise awareness of the conditlon. Dyslexia is recognlsed as a neurodivergent difference, alongside ADHD (Attention Deficit Hyperactive Disorder), dyspraxla. dyscalculia, and autism. To Ihis end TDA has begun to work across the wider neurodivergent spectrum The trustees agreed that from January 2020. 10% of any profit made would be added to the Association's bursary funds each financial quarter. The funds will be used to support more cllents on low incomes who would benefit from accessing our servlces. In 2024 the charity has supported twelve individuals, and a local primary school. to access diagnostic assessments, screenings, speclalist tuition, and advice on specialist teaching. Due to th8 lack of profit made in 2024. trustees agreed not to make any contr5butlon to the bursary fundlng poL This will mean that fundraising activities may be required in 2025 to help bolster charity funding for Indlvlduals. Fundraislng The Association ralses funds through volunteers taklng part in challenge events and voluntary donations from supporters. The charily adheres to the fundralslng regulations, and no cold calling takes place. Page 8
The Dyslexia Association Trustees, Report Achlevements, Flnanclal Perfornlance and Future Plans Reserves Pollcy The charity requIS reserves to allow TDA to functlon in the short term. The minimum level of reserves to be malntained must also satisfy all TDA'S legal obligations should TDA cease to be a going concem, enabling proper notice to be glven to staff and beneficlarles and for due payments to be made to staff (statutory redundancy) and to other organisations wilh whom we do business. The Injstees have considered the reserves currenuy held by the Association as of 31st December 2024 and have concluded that these meet corporate responsiblllties and are sufficient lo ensure that the Assoclation continues to operate as a going concem In the future, The trustees have also reviewed the requlrements and the rfsks faced by the As50clation In both tha short and medlum-term and have a clear plans to execute In the event of a significant change in its financial posilion. D8slgnated Dlssolutlon Fund The unrestrtcted funds Include a designated dissolutlon fund of £43,987. Should Ihe charity cease to be a golng concern at any stage. Ihis sum is required to satisfy all its legal and fiscal obligations. This amount is reviewed annually to ensure the reserves remain appropriate to the circumstances of the staff and the charity at the Ume Ihey are revlewed. Bursary Fund The bursary fund on 31st December 2024 was £8,091. During 2024 the charity fund provided financial support for twelve indlvlduals and a local primary school. The charity funded a range of services includlng diagnostic assessments. screenlngs, and specialist tultion and training. General Fund As of 31st December 2024. Ihe general fund was £231,030. Future Plans The accounts show a balance of unrestrtcted funds at the yearond of £283,108. After the deduction of the designated dissolution and bursary funds, it leaves £231,030 equating to Just under nine months runnlng costs. Trustees have therefore committed to malnlaln the charivs long terni reserve account and to re-assess the risks to which the organlsation Is exposed as it grows, relracts. or takes on new commitments. The Association currently banks with three financlal OTganisallons, with the bulk of the funds in one bank. This allows it to benefit from the prolection of the Financlal Conduct Authority rules; the trustee5 have decided that funds should be spread across enough Independent financlal organisations to keep each under the £85,000 limit. At th8 year-end £106,649 was held within two Barclays bank accounts, and £175,092 was held wilhin two charity savings accounts. Trustees opted to Invest in saving5 accounts with The Charity Bank, and COIFF. Page 9
The Dyslexia Assoclation Trustees. Report Accountlng Pollcies The trustees conslder that there are no materfal unrtaIntieS about th8 Association's ability to continue as a golng concern. ApprecTatlon of Support The trustees wish to express their gratitude to all those who have supported the charity durfng the year, and particularly those supporters who have raised funds through personal sponsored challenges and pa011 giving. During 2024 the TDA receNed total donatlons of £21,441 from: individuals directly individuals via fundraising platforms (such as JustGivlng) individuals via payroll giving - corporate fundraising and other charitsble trust givlng Unsolicited legacy glving Movlng forward TDA will continue to work towards ralsing awaren8ss of dyslexla and oiher forms of neurodiverslty and the impact it can have on individuals. W8 wtll continue our aim of providlng high-quality servlces lo meet the needs of people of all ages with dyslexia. as well as supporling their familleslcarers, educators, and employers. Page 10
The Dyslexia Association Trustees. Report statement of trustees. responslbllltles The trustees (who are also the directors of The Dyslexia Assoclation for the purposes of company law) are responsible for preparing Ihe trustees. report and the financial statements in accordance wlth applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practlce). includlng FRS 102 'The Financial Reporting Standard appllcable in the UK and Republic of Ireland.. Company law requires th8 trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financlal slatemenls unless they are satlsfied that they glve a true and fair vlew of Ihe state of affairs of the charitable company and of the Incomlng resources and application of resources. including its Income and expenditure, of the charitable company for that period. In preparing these financial statements, Ihe trustees are required to: select sultsble accounting policies and apply them consistent. observe the methods and principles in the Charities SORP; make Judgements and estlmates that are reasonable and PTudent: stale whether appllcable accounting standards. comprising FRS 102 have been followed. subject to any material departures disclosed and explained in the financi81 slatements: and prepare Ihe financial statements on the going concem basis unless it is Inapproprfate to presume that the charilable company will continue in buslness. The Irustees are responsible for keeping proper accounting records that can disclose with reasonab18 accuracy at any ttme the financlal position of the charitable company and enable them to ensure that the financial statements comply with the Companles Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the mairbtenance and Integrity of the corporate and financial informatlon included on Ihe charitable CoMpanS websile. Legislation governlng the preparation and dissemlnation of financial statements may differ from legislatlon In other Jurisdlctions. Disclosure of Informatlon to audltor Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audlt information and to establish that the charity's auditor is aware of that information. The trustees confirm Ihat therels no Televant Informatlon Ihat Ihey know of and of which they know the audStor is unawa Trustee Page 11
The Dyslexia Associatlon Independent Examiner's Report to the trustees of The Dyslexia Association ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responslbllltles and basls of report As Ihe charity's trustees of the Company (and also its dlrectors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companles Act 2006 <'lhe 2006 Act,). Havlng sattsfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are ellglble for Independent examination, I report in respect of my examination of your charity's aocounts as carried out under section 145 of the Charities Act 2011 {'thg 2011 Act,). In carrylng out my examlnation I have followed the Directions given by the Charity Commission under section 145{5)(b) of the 2011 ACL Independent examlnels statement Since Ihe Companls gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 ACL I confirm Ihat l am qualified to undertake th8 &X8mination because l am a member of the ICAEW. which is one of the listed bodies. I have completed my examlnatlon. I confimi that no matters have come to my atlentlon In connecllon with the examinatlon giving me cause to believe: accountlng records were not kept in respect of The Dyslexia Association as required by seGlion 386 of the 2006 Act: or 2. the accounts do not accord with those records; or 3. Ihe accounts do not comply with the accounting requirements of sectlon 396 of the 2006 Act other than any requlrement that the accounts give a 'true and falr Vie whlch Is not a matter considered as part of an Independent examinatlon; or 4. the accounts have not been prepared in accordance with the methods and principles of the statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts In accordance with the Financlal Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems and have come across no other matters in connection with the examination to whlch atlentlon should be drawn in this report In order to enable a proper understandlng of the accounts to be reached. s Fiawod ACA Page Klrk LLP Chartered accountants and chartered tax advisers Sherwood House 7 Gregory Boulevard Nottingham NG7 6LB 8 September 2D25 Page 12
The Dyslexia Association statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognised Galns and Losses) Unrestrlcted funds Total 2024 Note Income and Endowments from: Donatlons and grants Charitable activities Investment income Other incomlng resources 21.441 465,098 8,968 1,849 21,441 465,098 8,968 1,849 Total Income 497,356 497,356 Expendlture on: Raising funds Charitable activities other expenditure Total expenditure Net expendlture Net movement in funds Reconclllatlon of funds {216) (514.096) 5.261) (216) <514,096) 5.261 (519.573 519.573) 22.217) {22.217 {22.217) {22,217) Tolal funds brought forward Total funds carrfed foDNard 305,325 305,325 20 283,108 283,108 The notss on pages 17 to 28 fomi an 5ntegral part of these financial statements. Page 13
The Dyslexia Association statement of Financial Activities for the Year Ended 31 December 2024 (Includlng Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrloted funds Total 2023 Note Income and Endowments from: Donatlons and grants Charitable activities Investment income Olher Incomlng resources Total Income 5.053 478,349 4,614 611 5,053 478,349 4,614 611 488,627 488,627 Expendlture on: Ralslng funds Charitable aGtivities Other exp8nditure Totsl expendlture Net income (216) (445,455) (4,299 {216) (445,455) {4,299) (449.970 {44g,g70) 38,657 38,657 Net movement In funds 38.657 38,657 Reconclllatlon of funds Total funds brought forward Total fijnds carrled foNard 266.668 266.668 305,325 305.325 All of Ihe charitvs activities derive from contlnuing operations during the above two periods. The notes on pages 17 to 28 form an integral part of these financlal statemenls. Page 14
The Dyslexia Association (Registration number: 03941946) Balance Sheet as at 31 December 2024 2024 2023 Note Flxed assets Tangible assets Current assets Debtors Cash at bank and In hand 14 3,794 6,300 15 16 18,224 281,741 299,965 27,188 304,639 331,827 (32,802) 299.025 Credltors: Amounts falllng due wFthln one year Net current assets 17 20,651) 279.314 Net assets 283,108 305.325 Funds of the charlty: Unrestrlcted funds 283.108 305,325 Total funds 283,108 305,325 The notes on pages 17 to 28 fomi an Integral part of these financial stalements. Page 15
The Dyslexia Association (Registration number: 03941946) Balance Sheet as at 31 December 2024 For the financial year endlng 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companles. Directors, responslbilities: The members have not requlred the charity to obtain an audit of its accounts for the year in questlon In accord8nce With section 476; and The directors acknowl8dge their responsibilities for complyiro with the requlremen18 of the Act wlth respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small compani8s iegime within Part 15 of the Cornpanies Act 2006. Tru5te8 The notes on pages 17 to 28 form an integral part of these financSal statements. Page 16
The Dyslexia Association Notes to the Financial Statements for the Year Ended 31 December 2024 1 Charlty status The charity Is limited by guarantee. incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity In Ihe event of liquidation. The address of its registered office Is: SheNood House 7 Gregory Boulevard Nottingham NG7 6LB These financial statements were authorised for issue by Ihe trustees on 8 September 2025. 2 Accountlng pollcles Summary of slgniflcant accountlng pollcles and key accounting estlmates The principal accounting policies applied in the preparatton of Ihese financial stslements are set out below. These policles have been consistently applied to all the years presented, unless otherwlse stated. Basls of preparatlon The financlal statements have been prepared in accordance with Accounting and Reportlng by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable In the UK and Republlc of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Flnanclal RepDrtlng Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The Dyslexia Association meets the definltion of a publlc benefit entity under FRS 102. Assets and Ilabllities are initially recognised at historical cost or transaction value unless otherwise stated In the relevant accounting pollcy notes. Golng concern The trustees conslder that there are no materfal uncertainties about the charitys abillty to continue as a golng conGem nor any slgnificant areas of uncertainty that affect the carrying value of assels held by the charity. Exemptlon from preparlng a cash flow statement The charity opted to early adopt Bulletln 1 published on 2 February 2016 and have therefore not Included a cash flow statement in these financial stalements. Page 17
The Dyslexla Association Notes to the Financial Statements for the Year Ended 31 December2024 Key sources of estlmaflon uncertalnty Preparation of the financi81 statements requires management to make signlficant Judgements and estimates. During the preparation of these financial statements there have been no significant or mat8rial Judgements and estimates that require disdosure. The carrying amount is £- (2023 -£-). Fund structure Unrestrlcted inccme funds are general funds that are available for use at the truste85 discretion In furtherance of the objectives of Ihe charity. Designated funds are unrestricted funds set aslde for specific purposes at the dlscretlon of the trustees. Incomo and endowments All income is recognised On the charity has entiuement to the Income, It Is probable that the income will be received and the amount of the Income recelvable can be measured reliably. Donatlons and gr8nts are recognlsed where there Is entitlement, certalnty of receipt and the amount can be measured wtth sufficlent reliability. Such income Is only deferred when the donor specifies that Ihe grant or donatlon must be used in fvture accountlng periods. Income from charitable actNities, being income from Servi delivery and dyslexia publlcatlons, Is recognised on a receivable basis. Income from seNtce users is included on Ihe basis of sessions Invoiced or work done in accordance with any contract tenns. Income from fundraising events is classified as olher tradlng activities and is recognised on a rec8ivable basis. Income from inveslments is recognised on a receivable basis. Govemment grants are accounted for using the accrual model. Expendlture All expenses are accounted for on an accruals basis. Expendlture on ralslng funds are those costs incurred n attracting voluntary income. Charltable aclivltles Include direct expenditure associated with servlce delivery belng dyslexla assessment, screening, tuitlon. teaching and tutor training. A second charitable activity is dyslexla publications and includes direct expendilure associated wilh the sale of books and resources, newsletter subscriptions and library subscriptions. Expenditure on other items include those incurred In the governance of the charlty and Ils assets and are primarily associated with statutory requirements. Page 18
The Dyslexia Association Notes to the Financial Statements for the Year Ended 31 December 2024 Flxed assets Fixed assets are initially recorded at cost. Support costs Support costs include central functlons and have been allocated to activity cost categories an a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capiia, staff costs by the time spent and other costs by their usage. Governance costs These Include the costs attributable to the charitys compliance with constitutional and statutory requlrements, Including audit, strategic management and trustees meetings and reimbursed expenses. Taxatlon The charily Is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Flnance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from tsxation in respect of income or capllal gains rec21ved wlthln categories covered by Chapter 3 Part 11 of the Corporaiton Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1991 to the extent that such Income or gains are applied exclusively to charilable purposes. Depreclatlon and amortlsatlon Depreciatlon is provided on tanglble red assets so as to write off Ihe Gost or valuation, less any eslimated residual value, over thelr expected useful economlc fife as follows: Asset class Depreclatlon method and rate Office equ5pment 25Q/o or 33.33% stralght line basis Fixtures and fittings 250/0 straight Ilne basls other tangible asset 33.33Yo stralght lin8 basis Trade debtors Trade debtors are amounts due from customers for merchandlse sold or services perfonned In the ordlnary course of business. Trade debtors are recognised initially at Ihe transaction prtce. They are subsequently measured at amortised Gost uslng the effective interest method, less provision for ImpairmenL A provision for the impairment of trade debtors is established when there is objectlve evldence that the charity wlll not be able to collect all amounts due according to the original terms of the receivables. Cash and cash equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-temi hlghly liquid investrnents that are readlly convertible to a known amount of cash and are subject to an insignificant risk of change In value. Page 19
The Dyslexia Assoclation Notes to the Financial Statements for the Year Ended 31 December 2024 Trade credltors Trade creditors are obligations to pay for goods or servlces that have been acqulred In the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right. at the end of the reporting pericd, to defer setuement of the creditor for at least twelve months afler the reporting date. If Ihere is an unconditional right to defer seltlement for at least twelve months after the reporting date. they are presented as non-current liabilitles. Trade creditors are recognlsed Initially at Ihe transaction price and subsequently measured at amortlsed cost using the effeciive interest method. Pensfons and other post-retlrement obllgatlons The charity operates a defined contribution pension scheme. Contributlons are charged in the statement of financial activities as they become payable in accordance wilh the rules of the scheme. Page 20
The Dyslexia Association Notes to the Financial Statements for the Year Ended 31 December 2024 3 Income from donatlons and grants Unrestrlcted Funds Restricted funds Total 2024 Total 2023 Dcnations and granÉs 21,441 21,441 5,053 4 Income from charltable actlvltles Unrestrl¢ted Funds Restrlcted funds Total 2024 Total 2023 Screenlngi assessment & tultlon Serv(Ge delivery 465.098 465.098 478,349 S Income from Investments Unrestricted Funds Restricted fund5 Total 2024 Total 2023 Bank Interest receivable 8.968 8,968 4,614 6 Othor Income UnrestrlGted funds Restrlcted funds Total 2024 Total 2023 Fees and supplies 1.849 1.849 611 7 Expendlture on charitable actlvltles Unrestrlcted funds Deslgnated Generdl Total 2024 Total 2023 Note Stsff costs Screenlng, assessment & tuition Governance costs 290,745 290,745 262,831 2,666 217.205 3.480 511.430 219.871 3.480 514,096 179,504 3,120 2.666 445,455 Page 21
The Dyslexia Association Notes to the Financial Statements for the Year Ended 31 December 2024 8 Other expendlture Unrestrlcted Funds Total 2024 Total 2023 Other flnanclal costs 5.261 5.261 5,261 4,299 4,299 5,261 g Analysls of governance and support costs Governance costs Unrestrlcted funds Total 2024 Total 2023 Ind8pend8nt examiner fees 3.480 3.480 3,480 3.480 3,120 3,120 10 Trustees remuneratlon and expenses During the year Ihe charity made the following transactions with trustees: D Caunt D Caunt recelved remuneraflon of £745 {2023: £2,188) during the year. For servlces provlded lo the charfty. No trust86s have recaived any reimbursed expenses or any other b8nefits from the charity during the year. Page 22
The Dyslexia Association Notes to the Financial Statements for the Year Ended 31 December2024 11 staff costs The aggregate payroll costs were as follows: 2024 2023 staff costs durlng the year were: Wages and salarles Social security cosls Pension costs 266,521 17.311 6.913 290,745 241,913 15.200 5,718 262,831 The monthly average number of p8rsons (including senior management I leadership team) employed by Ihe charfty during the year was as follows: 2024 2023 No No General 15 15 No employee received emoluments of more than £60.000 during Ihe year. The tolal employee benefits of the key management personnel of the charity were £46.267 (2023 £47.253). 12 Independent examlnets remunerdtlon 2024 2023 Examlnalion of the financial stalements 3.480 3.120 13 Taxatlon The charity is a reglstered charity and Is Iherefore exempt from taxatlon. Pag8 23
The Dyslexia Association Notes to the Financial Statements for the Year Ended 31 December 2024 14 Tanglble fjxed assets other tanglble asset Offlce equlpment Flxtures and fittlngs Total Cost At 1 January 2024 Additions Disposals At 31 December 2024 16,176 140 (4.132 12,184 611 4.739 21,526 140 (4.743) 611 4.739 16,923 Depreclatlon At 1 January 2024 Charge for the year Eliminated on disposals At 81 December 2024 14,352 1,066 4.132) 611 263 1.580 15,226 2.646 4.743) 611 11.286 1.843 13.129 Net book value At 31 Decemb8r 2024 898 2,896 3,794 At 31 December 2023 1,824 4,476 6.300 15 Debtors 2024 2023 Trade debtors Olher debtors 18,032 192 26,996 192 18,224 27,188 16 Cash and cash equlvalents 2024 2023 C8sh at bank 281.741 304,639 Page 24
The Dyslexia Association Notes to the Financial Statements for the Year Ended 31 December 2024 17 Credltors: amounts falllng due within one year 2024 2023 Trade creditors Other taxation and social seGurity other creditors Accruals 1,183 4,933 11,956 2,579 4,513 3.909 3,603 20.r17 32,802 20,651 At the balance sheet date, deferred income amounled to £2,579 (2023 - £20,777) with £20,777 released lo income from charitable activities (2023 - £5,372). Deferred Income relates to lessons pald for in advance or for a period that spanned the period end. 18 Obllgatlons under leases and hlre purchase Gontracts Operatlng lease commltments Tolal future minimum lease payments under non-cancellable operating leases are as follows: 2024 2023 Land and buildlngs Withln one year 6.350 6.350 Other Within one year Between one and five years 570 2.281 2.851 1,411 4,116 5,527 19 Penslon and other s¢hemes Deflned contrlbutlon penslon scheme The charity operates a defined contrlbution pension scheme. The pension cost charge for the year represents contributions payable by the charity to Ihe scheme and amounted to £6.913 {2023 £5,718). Contributlons totalling £2,120 (2023 - £2,234) We payable to the scheme at the end of the year and are included In creditors. Page 25
The Dyslexia Association Notes to the Financial Statements for the Year Ended 31 December 2024 20 Funds Balance at 31 December 2024 Balanoe at 1 January 2024 Incomlng Resources resources expended Transfers Unrestrlcted funds General General funds 247,624 497,356 (516,907) 2,957 231.030 Deslgnated Dissolution fund Bursary fund 46.944 10.757 57.701 (2,957) 43,987 8,091 52,078 {2,666) {2,666) (2,957 Total funds 305.325 497.356 519.573 283,108 Balance at 31 December 2023 Balance at 1 January 2023 Incoming resources Resources expended Transfers Unrestrlcted funds General General funds 216.405 483.176 {445.256) (6.701) 247,624 Designated Dlssolution fund Bursary fund 40,243 10.020 50.263 6.701 46,944 10,757 57.701 5,451 5.451 (4.714) (4,714 6.701 Total funds 266,668 488,627 449,970 305.325 Page 26
The Dyslexia Association Notes to the Financial Statements for the Year Ended 31 December 2024 The specifio purposes for whlch the funds are to be applied are as follows: Designated funds: Di5501ution Fund - Thls fund represents the expected cost, should the charity cease to be a going concem. of satlsfylng all its legal obligations enabllng proper notice to be given to Ihe staff and beneficiaries and for all due panentS to be made to staff and other organlsatlons. Bursary Fund - Thls fund Is designated by the Trustees to award bursarles for dyslexia assessment. tuition 2nd skills development to those people who are assessed as belng in need but low of income. 100/0 of 8ny surplus for each financial quarter Is transferred from general reserves to the Bursary fund. 21 Analysls of net assets between funds Total funds at31 December 2024 Unrestrlcted funds Tanglble fixed assets Current assets Current liab115ties 3,794 299,965 20,651) 283,108 3,794 299,965 (20,651) 283.108 Tctal net assets Total funds at31 December 2023 Unrestrlcted funds Tangible fixed assets Current assets Current liabilities 6.300 331,827 32,802 6,300 331,827 32,802 305.325 Total net assets 305,325 Page 27
The Dyslexia Assoclation Notes to the Financial Statements for the Year Ended 31 December 2024 22 Analysls of net funds At31 December 2024 At 1 January 2024 Flnanclng cash flows Cash at bank and in hand 304,639 {22,898) (22,898 281,741 Net debt 304,639 281,741 At31 December 2023 At 1 January 2023 Flnancing cash flows Cash at bank and in hand 255,348 49.291 304,639 Net debt 255,348 49,291 304,639 Page 28