## **Dyslexia Cornwall**
A Charitable Incorporated Organisation
## **Charity No. 1165690**
**Company No. CE006692**
**Trustees' Report and Unaudited Accounts**
**31 December 2022**
Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS
## **Dyslexia Cornwall CONTENTS**
||Pages||
|---|---|---|
|Trustees' Annual Report|2 to 5||
|Independent Examiner's Report||6|
|Statement of Financial Activities||7|
|Balance Sheet||8|
|Notes to the Accounts|9 to|18|
Page 1
**Dyslexia Cornwall TRUSTEES ANNUAL REPORT**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity No. 1165690**
## **Registered Office**
C/o CCAS The Elms 61 Green Lane Redruth TR15 1LS
## **Honorary President**
Sarah Wright
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
Alison Butler Barbara Hewett Silk Delia Hazell Julia Smith Morag Giles Ruth Symons Samantha Edmonds
## **Accountants**
Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS
## **Bankers**
HSBC Plc (St Austell) 14 Fore Street ST Austell Cornwall PL25 5EP
Page 2
**Dyslexia Cornwall TRUSTEES ANNUAL REPORT**
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 December 2022.
## **OBJECTIVES AND ACTIVITIES**
The purpose of the charity is to support the needs of dyslexic children and young people in education or training and adults in unemployment, training or in the workplace. This is achieved by raising public and professional awareness of dyslexia and campaigning for appropriate provision for dyslexics in local schools and colleges, and appropriate support in the employment sector. A key aim is also better understanding of dyslexics in the wider society and less discrimination.
The charity offers advice and guidance to dyslexic people, family and friends, and provides training for those in the statutory or voluntary sector, in business, education or employment services.
The trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing their aims and objectives and in planning future activities. In particular, the trustees consider how planned activities will contribute to those aims and objectives.
## **ACHIEVEMENTS AND PERFORMANCE**
The charity now signposts individuals to services, but continues to develop paid-for services and networking with other Cornish charities and organisations (mainly through the Building Better Opportunities initiative) in an effort to make the charity sustainable for the future.
## **Par Bay Big Local**
There is a small balance of £375 remaining in this fund. None of this fund has been used during 2022 and the balance is carried forward for future use.
## **Active Plus – Who Dares Works Project**
We received £26,450 of funds from the European Social fund and National Lottery Community Fund through Active Plus as a result of our involvement in the Who Dares Works Project.
The Who Dares Works Project is a project funded as part of the Building Better Opportunities initiative. This project is funding a Dyslexia Advisor (22.5 hours per week) and Management/Financial support (7.5 hours per week), along with directly associated costs. The input of the Dyslexia Advisor is proving extremely beneficial for the participants of the project.
This project is scheduled to end in March 2023.
## **Postcode Local Trust / People’s Postcode Lottery**
We received Grant Funding of £25,000 on 26 August 2022 – project start date 31 October 2022. Postcode Local Trust is a grant-giving charity funded entirely by players of People’s Postcode Lottery.
This funding is being used to employ an Administrator (16 hours per week) and cover our core costs for 18 months until 30 April 2024.
Page 3
**Dyslexia Cornwall TRUSTEES ANNUAL REPORT**
## **Other Activities**
In addition to the above the charity operates a dyslexia friendly website, which was redesigned in 2016, making information more accessible and as dyslexia friendly as possible.
The charity also works closely with Cornwall Council, Cognition and Learning Services, to assist schools in achieving Inclusive Dyslexia Friendly School accreditation status.
Finally, the charity operates a helpline often providing the first point of contact for people seeking help or advice. This service is operated by our hard working helpline volunteers and without their commitment we would be unable to provide this important service
## **FINANCIAL REVIEW**
The income for the year was increased to £63,199 (2021 : £33,538). Expenditure was increased to £36,162 (2021 : £31,879). The overall surplus was £27,037 (2021 : £1,659) and is compatible with the reserves policy below.
## **Reserves policy**
The trustees aim to retain reserves to ensure the charity’s long term viability. This policy will be reviewed on an annual basis. Unrestricted funds currently stand at £16,791 (2021 : £9,965) and the charity therefore aims to increase this by achieving an annual surplus. However, achieving an annual surplus is very much dependent on achieving ongoing grant funding support and working partnerships with other organisations.
The charity continues to research funding streams and if necessary, will use unrestricted funds to support the charity until such time as unrestricted funds fall to £5,000. At this point the charity would curtail activities to website and helpline run entirely by volunteers.
The Trustees continue to monitor the situation regularly.
## **Investment policy**
The trustees regularly review the cash held by the charity and place any surplus funds in an interest bearing deposit account when appropriate.
## **Risk management**
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is registered as a Charitable Incorporated Organisation and is governed by a constitution based on the charity commission CIO association model.
The charity was registered as a CIO on 23 January 2016 and commenced operating on 1 March 2016 when the activities were transferred from Cornwall Dyslexia Association, registration number 270876.
The trustees who served during the year are shown on page 1. Suitable individuals are identified as potential new trustees by the existing trustees on the basis of their skills and knowledge. New trustee are inducted into the workings of the charity on appointment.
Page 4
**Dyslexia Cornwall TRUSTEES ANNUAL REPORT**
## **Key management personnel**
The trustees consider the board of trustees comprise the key management personnel of the charity, to be in charge of directing and controlling, running and operating the charity on a day to day basis. All trustees give of their time freely and no trustee received any remuneration in the year for their role as a trustee. Details of the trustees’ expenses and related party transactions are disclosed in note 9 to the financial statements.
## **Pay policy for senior staff**
The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity, the trustees benchmark against pay levels in other similar organisations.
## **TRUSTEES RESPONSIBILITIES**
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Ruth Symons Trustee 27 October 2023
Page 5
**Dyslexia Cornwall INDEPENDENT EXAMINERS REPORT**
## **Independent Examiner's Report to the trustees of Dyslexia Cornwall**
I report to the charity trustees on my examination of the accounts of Dyslexia Cornwall for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act).
Having satisfied myself that the accounts of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the accounts do not accord with those records; or
- the accounts do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
• the accounts have not been prepared in accordance with the Charities SORP (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Debbie Risborough Association of Chartered Certified Accountants Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS 27 October 2023
Page 6
## **Dyslexia Cornwall STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 December 2022**
|**Notes**
**Income and**
**endowments from:**
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
**Total**
**Expenditure on:**
Charitable activities
8
**Total**
Net gains on investments
**Net income**
9
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought
forward
**Total funds carried**
**forward**|**Unrestricted**
**funds**
**2022**
**£**
192
11,493
-
64|**Restricted**
**funds**
**2022**
**£**
-
51,450
-
-|**Total funds**
**2022**
**£**
192
62,943
-
64|**Total funds**
**2021**
**£**
635
32,842
60
1|
|---|---|---|---|---|
||11,749
8,593|51,450
27,569|63,199
36,162|33,538
31,879|
||8,593
-|27,569
-|36,162
-|31,879
-|
||3,156
3,670|23,881
(3,670)|27,037
-|1,659
-|
||6,826|20,211|27,037|1,659|
||6,826
9,965|20,211
1,397|27,037
11,362|1,659
9,703|
||16,791|21,608|38,399|11,362|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Page 7
## **Dyslexia Cornwall BALANCE SHEET**
|**at**
**31 December 2022**
**Company No. CE006692**
**Notes**
**2022**
**£**
**Fixed assets**
Tangible assets
12
2,019
2,019
**Current assets**
Debtors
13
1,645
Cash at bank and in hand
36,205
37,850
**Creditors:**Amount falling due within one year
14
(1,470)
**Net current assets**
36,380
**Total assets less current liabilities**
38,399
**Net assets excluding pension asset or liability**
38,399
**Total net assets**
38,399
**The funds of the charity**
**Restricted funds**
15
Restricted income funds
21,608
21,608
**Unrestricted funds**
15
General funds
8,831
Designated funds
7,960
16,791
**Reserves**
15
**Total funds**
38,399|**2021**
**£**
687|
|---|---|
||687
931
10,243|
||11,174
(499)|
||10,675
11,362|
||11,362|
||11,362|
||1,397|
||1,397
3,337
6,628|
||9,965|
||11,362|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 27 October 2023
And signed on its behalf by:
Ruth Symons Trustee 27 October 2023
Page 8
**Dyslexia Cornwall NOTES TO THE ACCOUNTS**
## **for the year ended 31 December 2022**
## 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The charity constitutes a public benefit entity as defined by FRS102.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
|**Fund accounting**||
|---|---|
|Unrestricted funds|These are available for use at the discretion of the trustees in furtherance|
||of the general objects of the charity.|
||These are unrestricted funds earmarked by the trustees for particular|
|Designated funds|purposes.|
|Revaluation funds|These are unrestricted funds which include a revaluation reserve|
||representing the restatement of investment assets at their market values.|
|Restricted funds|These are available for use subject to restrictions imposed by the donor or|
||through terms of an appeal.|
Page 9
**Dyslexia Cornwall NOTES TO THE ACCOUNTS**
## **Income**
|**Income**||
|---|---|
|Recognition of|Income is included in the Statement of Financial Activities (SoFA) when|
|income|the charity becomes entitled to, and virtually certain to receive, the|
||income and the amount of the income can be measured with sufficient|
||reliability.|
|Income with related|Where income has related expenditure the income and related|
|expenditure|expenditure is reported gross in the SoFA.|
|Donations and|Voluntary income received by way of grants, donations and gifts is|
|legacies|included in the the SoFA when receivable and only when the Charity has|
||unconditional entitlement to the income.|
|Tax reclaims on|Income from tax reclaims is included in the SoFA at the same time as the|
|donations and gifts|gift/donation to which it relates.|
|Donated services and|These are only included in income (with an equivalent amount in|
|facilities|expenditure) where the benefit to the Charity is reasonably quantifiable,|
||measurable and material.|
|Volunteer help|The value of any volunteer help received is not included in the accounts.|
|Investment income|This is included in the accounts when receivable.|
|Gains/(losses) on
revaluation of fixed|This includes any gain or loss resulting from revaluing investments to
market value at the end of the year.|
|assets||
|Gains/(losses) on|This includes any gain or loss on the sale of investments.|
|investment assets||
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any expenditure VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, raising funds fundraising trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its charitable activities activities and services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
Page 10
**Dyslexia Cornwall NOTES TO THE ACCOUNTS**
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Furniture and equipment 20% Reducing balance
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Page 11
**Dyslexia Cornwall NOTES TO THE ACCOUNTS**
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Statement of cash flows**
The charity is exempt from preparing a statement of cash flows on the grounds that it is a small charity
## 2 **Company status**
The organisation is a charitable incorporated organisation (CIO) and consequently does not have share capital.
## 3 **Statement of Financial Activities - prior year**
|3
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments**
**from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
**Total**
**Expenditure on:**
Charitable activities
**Total**
**Net income**
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2021**
**£**
635
4,942
60
1
5,638
7,354
7,354
(1,716)
3,967
2,251
2,251
7,714
9,965|**Restricted**
**funds**
**2021**
**£**
-
27,900
-
-
27,900
24,525
24,525
3,375
(3,967)
(592)
(592)
1,989
1,397|**Total funds**
**2021**
**£**
635
32,842
60
1|
||||33,538
31,879|
||||31,879|
||||1,659|
||||1,659|
||||1,659
9,703|
||||11,362|
Page 12
## **Dyslexia Cornwall NOTES TO THE ACCOUNTS**
**Income from donations and**
4 **legacies**
|Donations and appeals
5
**Income from charitable activities**
**Unrestricte**
**d**
_Grant Income_
Who Dares Works
Foyle Foundation
People's Postcode Lottery
award
_Primary Purpose Trading_
Events
Memberships
Consultancy
6
**Income from other trading**
**activities**
Miscellaneous
7
**Income from investments**
Interest from cash
deposits|**£**
-
3,000
-
300
256
7,937
11,493|**Unrestricted**
**£**
192
192
**Restricted**
**£**
26,450
-
25,000
-
-
-
51,450
**Unrestricted**
**Fund**
**£**
64
64|**Total**
**2022**
**£**
192
192
**Total**
**2022**
**£**
26,450
3,000
25,000
300
256
7,937
62,943
**Total**
**2022**
**£**
-
-
**Total**
**2022**
**£**
64
64|**Total**
**2021**
**£**
635|
|---|---|---|---|---|
|||||635|
|||||**Total**
**2021**
**£**
27,900
-
-
-
305
4,637|
|||||32,842|
|||||**Total**
**2021**
**£**
60|
|||||60|
|||||**Total**
**2021**
**£**
1|
|||||1|
Page 13
## **Dyslexia Cornwall NOTES TO THE ACCOUNTS**
## **Expenditure on charitable** 8 **activities**
|_Direct expenditure on_
_charitable activities_
Venue Hire
Volunteer Expenses
Trustee Expenses
_Support Costs_
Wages
Pensions
Staff training
Travel and subsistence
Rent & rates
Insurance
Consumables
Telephone and fax
IT expenses
Printing, postage and
stationary
Subscriptions
sundry expenses
Consultancy fees
Bank charges
Depreciation
_Governance costs_
Accountancy fees
Independent examination
of the charity's accounts
9
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets|**Unrestricted**
**£**
255
-
242
955
28
119
197
446
408
0
280
652
46
167
41
3,776
57
373
440
110
8,593|**Restricted**
**£**
130
-
121
22,316
289
-
2,902
-
-
351
70
637
149
-
70
-
10
-
40
485
27,569
**2022**
**£**
373|**Total**
**2022**
**£**
385
-
363
23,271
317
119
3,099
446
408
351
350
1,289
195
167
111
3,776
67
373
480
595
36,162|**Total**
**2021**
**£**
142
204
24
20,952
287
-
2,259
446
399
-
319
-
2,095
496
147
2,907
-
237
480
485|
|---|---|---|---|---|
|||||31,879|
|||||**2021**
**£**
237|
Page 14
**Dyslexia Cornwall NOTES TO THE ACCOUNTS**
||**Trustee remuneration and**|||
|---|---|---|---|
|10|**expenses**|**2022**|**2021**|
|||**£**|**£**|
||Ruth Symons|2402|2402|
One or more of the trustees has been paid remuneration in the current or prior periods.
One or more of the trustees has been paid expenses in the current or prior periods.
|**2022**
**Number**
**£**
Total expenses reimbursed to trustees
363
11 **Staff costs**
Salaries and wages
23,271
Pension costs
317
23,588
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent
employees during the year was as follows:
**2022**
**Number**
Charitable activities
3
3|**2021**
**Number**
**£**
216
20,952
287|
|---|---|
||21,239|
||**2021**
**Number**
3|
||3|
The charity operates a defined contribution pension scheme in respect of the staff. The scheme and its assets are held in an independently administered pension fund. The pension charge for the period represents contributions due from the charity to the fund and are shown above. There were no outstanding contributions payable at the end of either the current or previous period.
Page 15
## **Dyslexia Cornwall NOTES TO THE ACCOUNTS**
## 12 **Tangible fixed assets**
|**Cost or revaluation**
At 1 January 2022
Additions
At 31 December 2022
**Depreciation and**
**impairment**
At 1 January 2022
Depreciation charge for
the year
At 31 December 2022
**Net book values**
At 31 December 2022
At 31 December 2021
13 **Debtors**
Trade debtors
14 **Creditors:**
amounts falling due within one year
Trade creditors
Accruals and deferred income|**2022**
**£**
1,645
1,645
**2022**
**£**
875
595
1,470|**Furniture**
**and**
**equipment**
**£**
10,956
1,705
12,661
10,269
373
10,642
2,019
687|**Total**
**£**
10,956
1,705|
|---|---|---|---|
||||12,661|
||||10,269
373|
||||10,642|
||||2,019|
||||687|
||||**2021**
**£**
931|
||||931|
||||**2021**
**£**
15
484|
||||499|
Page 16
## **Dyslexia Cornwall NOTES TO THE ACCOUNTS**
## 15 **Movement in funds**
|15 **Movement in funds**||||||
|---|---|---|---|---|---|
||**At 1**
**January**
**2022**
1,021
376
-
1,397
3,337
5,941
687
6,628
11,362|**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
26,450
-
25,000
51,450
11,749
-
-
-
63,199|**Resources**
**expended**
**£**|**Gross**
**transfers**
**£**
(3,155)
-
(515)
(3,670)
1,965
-
1,705
1,705
-|**At 31**
**December**
**2022**
**£**
62
376
21,170|
|**Restricted funds:**
**Restricted income**
**funds:**
Who Dares Works
Par Bay Fund
Peoples Postcode Lottery
_Total_
**Unrestricted funds:**
**General funds**
**Designated funds:**
Redundancy Fund
Capital designated fund
_Total_
**Revaluation Reserves:**
**Total funds**||||||
||||(24,254)|||
||||-|||
||||(3,315)|||
||||(27,569)
(8,220)
-
(373)
(373)
(36,162)|||
||||||21,608|
||||||8,831
5,941
2,019|
||||||7,960|
|||||||
||||||38,399|
Purposes and restrictions in relation to the funds:
Restricted funds: Who Dares Works Grant to cover the cost of a Dyslexia Advisor and associated costs. Par Bay Fund Grant specifically for activities within Par Bay Peoples Postcode Lottery Designated funds: Redundancy Fund Anticipated costs on the completion of the Active Plus Who Dares Works project. Capital designated fund In accordance with SORP requirements the amounts paid for capital items are transferred here to match ongoing depreciation.
## **Analysis of net assets between** 16 **funds**
|**Analysis of net assets between**
**funds**||||
|---|---|---|---|
|Fixed assets
Net current assets|**Unrestricted**
**Fund**
**£**
2,019
14,772
16,791|**Restricted**
**funds**
**£**
-
21,608
21,608|**Total**
**£**
2,019
36,380|
||||38,399|
Page 17
## **Dyslexia Cornwall NOTES TO THE ACCOUNTS**
## 17 **Related party disclosures** _**Controlling party**_
The company is a charitable incorporated organisation and has no share capital; thus no single party controls the charity.
Page 18