REGISTERED COMPANY NUMBER: 08963912 (England and Wales) REGISTERED CHARITY NUMBER: 1158423
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Social Inclusion For Dyslexia
Mayes Business Partnership Ltd Chartered Certified Accountants 22-28 Willow Street
Accrington Lancashire BB5 1LP
Social Inclusion For Dyslexia
Contents of the Financial Statements for the year ended 31 March 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 8 |
| Detailed Statement of Financial Activities | 9 |
Social Inclusion For Dyslexia
Report of the Trustees for the year ended 31 March 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 March 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 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08963912 (England and Wales)
Registered Charity number
1158423
Registered office
Clitheroe Business Centre 105 Whalley Road Clitheroe Lancashire BB7 1HW
Trustees
Mrs E Kruse Director E Johnstone Director C Fishwick Director J Youngson Director Ms M D Runcie-Youngson Director
Approved by order of the board of trustees on 18 December 2024 and signed on its behalf by:
Mrs E Kruse - Trustee
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Social Inclusion For Dyslexia
Statement of Financial Activities for the year ended 31 March 2024
| 31/3/24 | 31/3/23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 25,999 | - | 25,999 | 11,307 | |
| EXPENDITURE ON | |||||
| Raising funds | 2 | 2,432 | - | 2,432 | 459 |
| Charitable activities | |||||
| General | 11,298 | - | 11,298 | 10,209 | |
| Total | 13,730 | - | 13,730 | 10,668 | |
| NET INCOME | 12,269 | - | 12,269 | 639 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | (4,078) | - | (4,078) | (4,717) | |
| TOTAL FUNDS CARRIED FORWARD | 8,191 | - | 8,191 | (4,078) |
The notes form part of these financial statements
Page 2
Social Inclusion For Dyslexia
Balance Sheet 31 March 2024
| 31/3/24 | 31/3/23 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 6 | 1,285 | - | 1,285 | 1,512 |
| CURRENT ASSETS | |||||
| Cash at bank | 8,726 | - | 8,726 | 10,946 | |
| CREDITORS | |||||
| Amounts falling due within one year | 7 | (1,820) | - | (1,820) | (16,536) |
| NET CURRENT ASSETS/(LIABILITIES) | 6,906 | - | 6,906 | (5,590) | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 8,191 | - | 8,191 | (4,078) | |
| NET ASSETS/(LIABILITIES) | 8,191 | - | 8,191 | (4,078) | |
| FUNDS | 8 | ||||
| Unrestricted funds | 8,191 | (4,078) | |||
| TOTAL FUNDS | 8,191 | (4,078) |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 18 December 2024 and were signed on its behalf by:
E Kruse - Trustee
The notes form part of these financial statements
Page 3
Social Inclusion For Dyslexia
Notes to the Financial Statements for the year ended 31 March 2024
1. ACCOUNTING POLICIES
Basis of preparing 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 (FRS 102) '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 102) (effective 1 January 2019)', 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 cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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 will 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 to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
- 15% on reducing balance
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 purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
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Social Inclusion For Dyslexia
Notes to the Financial Statements - continued for the year ended 31 March 2024
2. RAISING FUNDS
Investment management costs
| Investment management costs | ||
|---|---|---|
| 31/3/24 | 31/3/23 | |
| £ | £ | |
| Property repairs | 342 | 459 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 31/3/24 | 31/3/23 | |
| £ | £ | |
| Depreciation - owned assets | 227 | 266 |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 11,307 - EXPENDITURE ON Raising funds 459 - Charitable activities General 10,209 - Total 10,668 - NET INCOME 639 - RECONCILIATION OF FUNDS Total funds brought forward (4,717) - TOTAL FUNDS CARRIED FORWARD (4,078) - |
Total funds £ 11,307 459 10,209 10,668 639 (4,717) (4,078) |
|---|---|
Page 5
continued...
Social Inclusion For Dyslexia
Notes to the Financial Statements - continued for the year ended 31 March 2024
6. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| Fixtures | |||
| and | |||
| fittings | |||
| £ | |||
| COST | |||
| At 1 April 2023 and 31 March 2024 | 4,018 | ||
| DEPRECIATION | |||
| At 1 April 2023 | 2,506 | ||
| Charge for year | 227 | ||
| At 31 March 2024 | 2,733 | ||
| NET BOOK VALUE | |||
| At 31 March 2024 | 1,285 | ||
| At 31 March 2023 | 1,512 | ||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||
| 31/3/24 | 31/3/23 | ||
| £ | £ | ||
| Trade creditors | 472 | 601 | |
| Other creditors | 1,348 | 15,935 | |
| 1,820 | 16,536 | ||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1/4/23 | in funds | 31/3/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | (4,078) | 12,269 | 8,191 |
| TOTAL FUNDS | (4,078) | 12,269 | 8,191 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 25,999 | (13,730) | 12,269 |
| TOTAL FUNDS | 25,999 | (13,730) | 12,269 |
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
8. MOVEMENT IN FUNDS
Page 6
continued...
Social Inclusion For Dyslexia
Notes to the Financial Statements - continued for the year ended 31 March 2024
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1/4/22 | in funds | 31/3/23 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund (4,717) |
639 | (4,078) |
| TOTAL FUNDS (4,717) |
639 | (4,078) |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 11,307 |
(10,668) | 639 |
| TOTAL FUNDS 11,307 |
(10,668) | 639 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1/4/22 | in funds | 31/3/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | (4,717) | 12,908 | 8,191 |
| TOTAL FUNDS | (4,717) | 12,908 | 8,191 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 37,306 | (24,398) | 12,908 |
| TOTAL FUNDS | 37,306 | (24,398) | 12,908 |
continued...
Page 7
Social Inclusion For Dyslexia
Notes to the Financial Statements - continued for the year ended 31 March 2024
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 8
Social Inclusion For Dyslexia
| Detailed Statement of Financial Activities | |||
|---|---|---|---|
| for the year ended 31 March 2024 | |||
| 31/3/24 | 31/3/23 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations | 25,999 | 11,307 | |
| Total incoming resources | 25,999 | 11,307 | |
| EXPENDITURE | |||
| Raising donations and legacies | |||
| Rent | 2,090 | - | |
| Investment management costs | |||
| Property repairs | 342 | 459 | |
| Charitable activities | |||
| Rates and water | 548 | 1,917 | |
| Insurance | 975 | 886 | |
| Light and heat | - | 1,472 | |
| Telephone | - | 356 | |
| Postage and stationery | - | 30 | |
| Sundries | 6,117 | 3,996 | |
| Tutoring expenses | 2,560 | - | |
| 10,200 | 8,657 | ||
| Support costs | |||
| Management | |||
| Advertising | 91 | 493 | |
| Finance | |||
| Bank charges | 60 | 60 | |
| Governance costs | |||
| Accountancy and legal fees | 720 | 733 | |
| Depreciation of tangible fixed assets | 227 | 266 | |
| 947 | 999 | ||
| Total resources expended | 13,730 | 10,668 | |
| Net income | 12,269 | 639 |
This page does not form part of the statutory financial statements
Page 9