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2023-12-31-accounts

Company registration number: CE006692 Charity registration number: 1165690

Dyslexia Cornwall

(A charitable incorporated organisation (CIO).) Annual Report and Unaudited but Independently Examined Accounts

for the year ended 31 December 2023

Cornwall Community Accountancy Service The Elms, 61 Green Lane Redruth Cornwall TR15 1LS

Dyslexia Cornwall Contents

Reference and Administrative Details………………………………….…………1 Trustees' Report…….………………………………………………….………… 2 to 5 Independent Examiner's report……………………………………………………6 Statement of financial activities……………………………………………….… 7 Balance Sheet…………………………………………………………………… 8 Notes to the financial statements……………………………………...………… 9 to 17

Dyslexia Cornwall Reference and Administrative Details

Charity name Dyslexia Cornwall
Charity registration number 1165690
Company registration number CE006692
Registered in England & Wales
Registered office c/o CCAS
The Elms
61 Green Lane
Redruth
Cornwall
TR15 1LS
Trustees Alison Butler
Samantha Edmonds
Morag Giles
Delia Hazell
Barbara Hewett Silk
Sandra Page (Appointed 10 May 2023)
Julia Smith
Ruth Symons
Honorary President Sarah Wright
Bankers HSBC Plc (St Austell)
17 Boscawen Street
Truro
Cornwall
TR1 2QZ
Independent Examiner Debbie Risborough (FCCA)
Cornwall Community Accountancy Service
The Elms
61 Green Lane
Redruth
TR15 1LS

Page 1

Dyslexia Cornwall Trustees' 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 for the year ended 31 December 2023

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 2023 and the balance is carried forward for future use.

Active Plus – Who Dares Works Project

We received £6968.79 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 has funded 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 ended 31 March 2023.

Page 2

Dyslexia Cornwall Trustees' Report

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.

Cornwall Community Foundation

We received Grant Funding of £2,062 in December 2023, to fund printing of new leaflets and essential training updates for staff, volunteers and trustees.

The Cornwall Community Foundation helps people across Cornwall and the Isles of Scilly by awarding small grants to grassroots organisations who are working to overcome the challenges of disadvantage, exclusion and poverty in their communities.

British Dyslexia Association

We received Grant Funding of £2,000 in November 2023. This funding is being used to fund a Pilot Project, to provide group face-to-face tuition in Study Skills, Revision Strategies and Examination Techniques for the cohort of 16years + students who must re-sit their English and Maths GCSEs in 2024.

We were successful in meeting the British Dyslexia Association criteria for a project which delivered face-to-face teaching and tutoring to children or adults with dyslexia or dyscalculia, supporting the expansion or extension of work already being done or potentially funding a new project.

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 the Cornwall Council, Cognition and Learning Service 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 decreased to £17,545 (2022 increased to £63,199). Expenditure decreased to £27,744 (2022 : £36,162). The overall deficit was £10,199 (2022 surplus of £27,037).

Page 3

Dyslexia Cornwall Trustees' Report

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.

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 £16,595 (2022 : £16,792) 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.

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 01 March 2016 when the activities were transferred from Cornwall Dyslexia Association, registration number 270876.

Recruitment and induction of trustees

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 trustees are inducted into the workings of the charity on appointment.

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 10 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.

Page 4

Dyslexia Cornwall Trustees' Report

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.

Trustee 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 Charities Act 2011, the Companies Act 2006 and the applicable Statement of Recommended Practice. 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.

In so far as the trustees are aware:

 there is no relevant information of which the charitable company’s independent examiner is unaware; and

 the trustees have taken all steps that they ought to have taken as trustees to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 30th October 2024 and signed on its behalf by:

Ruth Symons Trustee

Page 5

Dyslexia Cornwall Independent Examiner's Report

I report on the accounts of the company for the year ended 31 December 2023 which are set out on pages 7 to 17.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the 2011 Act”). The trustees consider that an audit is not required for this year under section 144(2) of the 2011 Act and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

1) which gives me reasonable cause to believe that in any material respect the requirements: o to keep accounting records in accordance with section 386 of the Companies Act 2006 and section 130 of the 2011 Act; and

o to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met;

2) or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

....................................................... …………………………… Debbie Risborough, Chartered Certified Accountant Date: Cornwall Community Accountancy Service The Elms, 61 Green Lane, Redruth, Cornwall TR15 1LS

Page 6

Dyslexia Cornwall Statement of Financial Activities

for the year ended 31 December 2023

Note
Income and endowments from:
Donations and
legacies
4
Charitable activities
5
Investments
6
Expenditure on:
Charitable activities
7
Other gains/(losses)
Total
Total
Transfers between funds
Net income/(expenditure) before
investment gains/(losses)
Net income/(expenditure)
Reconciliation of funds:
Net movement in funds
Total funds brought
Total funds carried
forward		 Unrestricted
funds
2023
£
2,238
3,883
393
6,514
6,711
6,711
(197)
(197)
2,385
-
2,188
16,792
18,980		 Restricted
income
funds
2023
£
-
11,031
-
11,031
21,033
21,033
(10,002)
(10,002)
(2,385)
-
(12,387)
21,607
9,220		 Total
funds
2023
£
2,238
14,914
393
17,545
27,744
27,744
(10,199)
(10,199)
-
-
(10,199)
38,399
28,200		 Prior year
funds
2022
£
192
62,943
64
63,199
36,162
36,162
27,037
27,037
-
-
27,037
11,362
38,399

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

As at 31 December 2023

Note
Fixed Assets
Tangible Assets
11
Current Assets
Debtors
12
Cash at bank and in hand
Creditors: Amounts
falling due within
one year
13
Net current assets
Total assets less
current liabilities
Net assets
The funds of the charity:
Restricted funds
Unrestricted funds
Other reserves
Unrestricted income funds
Total unrestricted funds
Total charity funds		 £
£
2,969
2,969
20
25,643
25,663
(432)
25,231
28,200
28,200
9,220
2,969
16,011
18,980
28,200
2023		 £
£
2,019
2,019
1,645
36,205
37,850
(1,470)
36,380
38,399
38,399
21,607
7,960
8,832
16,792
38,399
2022

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 2023 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 30th October 2024 and signed on its behalf by:

Ruth Symons Trustee

Page 8

Dyslexia Cornwall Notes to the Accounts

1 Accounting policies

1.1 Basis of accounting

The accounts have been prepared under the historical cost convention and in accordance with:

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

1.2 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.

1.3 Fund accounting policy

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Designated funds are amounts that are allocated for specific purposes by the charity itself.

Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Revaluation funds are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market value.

1.4 Income

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS102 SORP or FRS102.

Items of income are recognised and included in the accounts when all of the following criteria are met:

Donations and legacies are voluntary income received by way of donations and gifts. It is included within the accounts when receivable and only when the charity has unconditional entitlement to the income.

Tax reclaims on donations and gifts are included in the accounts at the same time as the gift/donation to which it relates

Page 9

Dyslexia Cornwall Notes to the Accounts

Donated goods and services are only included in income (with an equivalent amount in expenditure) where the benefit to the Charity is reasonably quantifiable, measurable and material.

The value of services provided by volunteers is not included within the accounts.

1.5 Resources expended

Liabilities are recognised where there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and includes the attributable value added tax which cannot be recovered.

Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs are the those costs required to support the charity in carrying out its activities and meeting its objects.

Governance costs include costs associated with meeting the constitutional and statutory requirements of the Charity, including the preparation and examination of the statutory accounts, the costs of trustee meetings and other costs linked to the strategic management of the Charity including the cost of any legal advice to trustees on governance or constitutional matters.

1.6 Tangible fixed assets and depreciation

All assets costing more than £500 are capitalised.

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, which is reviewed annually. The rates used are as follows:-

Furniture and equipment -20% reducing balance

1.7 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.8 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.

1.9 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 10

Dyslexia Cornwall Notes to the Accounts

1.10 Creditors and provisions

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.

1.11 Pension costs

The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme.

1.12 Leases

Rentals under operating leases are charged to the statement of financial activities on a straight-line basis over the lease term.

1.13 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 charity is a charitable incorporated organisation and has no share capital. The charity is incorporated in England.

In the event of the charity being wound up, the liability in respect of the guarantee is limited to £nil per member of the charity.

The members of the charity are the trustees named on page 1.

Page 11

Dyslexia Cornwall Notes to the Accounts

3 Statement of Financial Activities - prior year

Income
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Expenditure
Expenditure on:
Charitable activities
Other gains/(losses)
Reconciliation of funds:
Total
Total
Net income/(expenditure) before
investment gains/(losses)
Net income/(expenditure)
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2022
£
192
11,493
64
11,749
8,593
8,593
3,156
3,156
3,670
-
6,826
9,965
16,791		 Restricted
income
funds
2022
£
-
51,450
-
51,450
27,569
27,569
23,881
23,881
(3,670)
-
20,211
1,397
21,608		 Total
funds
2022
£
192
62,943
64
63,199
36,162
36,162
27,037
27,037
-
-
27,037
11,362
38,399

Page 12

Dyslexia Cornwall Notes to the Accounts

4 Donations and Legacies

Unrestricted
funds
£
Appeals and donations
1,838
Donated services
400
2,238
5 Incoming resources from charitable activities
Unrestricted
funds
£
Grant Income:
Who Dares Works
-
Foyle Foundation
-
Peoples Postcode Lottery
-
Cornwall Community
Foundation
-
British Dyslexia Association
-
Primary Purpose Trading:
Events
-
Memberships
251
Consultancy
3,632
3,883
6 Investment income
Unrestricted
funds
£
Interest on cash deposits
393
393		 Restricted
income
funds
£
-
-
-
Restricted
income
funds
£
6,969
-
-
2,062
2,000
-
-
-
11,031
Restricted
income
funds
£
-
-		 Total
funds
2023
£
1,838
400
2,238
Total
funds
2023
£
6,969
-
-
2,062
2,000
-
251
3,632
14,914
Total
funds
2023
£
393
393		 Prior year
funds
2022
£
192
-
192
Prior year
funds
2022
£
3,000
26,450
25,000
-
-
300
256
7,937
62,943
Prior year
funds
2022
£
64
64

Page 13

Dyslexia Cornwall Notes to the Accounts

7 Expenditure on charitable activities

Direct costs
Venue Hire
Volunteer Expenses
Trustee Expenses
Support costs
Wages and salaries
Pensions
Staff training
Rent and rates
Insurance
Telephone and fax
Computer costs
Printing, postage and
stationery
Subscriptions
Consumables
Sundry expenses
Travel and subsistence
Consultancy fees
Bank charges
Depreciation
Total Support Costs
Governance Costs
Accountancy fees
The audit or independent
examination of the charity's
accounts
Total Governance Costs
Total Charitable Expenditure
Equipment repairs and renewals		 Unrestricted
£
66
-
-
66
3,656
-
400
-
-
-
209
-
-
-
-
2
82
1,992
-
304
6,645
-
-
-
6,711		 Restricted
£
135
47
132
314
14,575
165
38
446
415
160
348
1,826
577
150
-
326
824
-
66
-
19,916
480
325
805
21,035		 Total
2023
£
201
47
132
380
18,231
165
438
446
415
160
557
1,826
577
150
-
328
906
1,992
66
304
26,561
480
325
805
27,746		 Prior year
2022
£
385
-
363
748
23,271
317
119
446
408
-
594
1,289
195
167
351
111
2,855
3,776
67
373
34,339
480
595
1,075
36,162

Page 14

Dyslexia Cornwall Notes to the Accounts

8 Net income/ expenditure

Net income/expenditure is stated after charging:

2023
£
325
304
Staff costs
The average monthly number of employees during the year was as follows:
2023
Number
Staff in charitable activities
2
Volunteers (nos of people involved excluding Trustees)
8
The aggregate payroll costs of these persons were as follows:
2023
£
Wages and salaries
14,788
Redundancy
3,443
Pensions
165
18,396
Depreciation of tangible fixed assets
Auditors' / Independent Examiners'
remuneration		 2022
£
595
373
2022
Number
3
6
2022
£
23,271
-
317
23,588

9 Staff costs

No employee received emoluments in excess of £60,000 in either the current or the prior year. The charity operates a defined contributions scheme with NEST. The pension cost shown represents the contributions payable by the charity to the scheme for the period.

The outstanding contributions at the end of the financial period were:

10 Trustees' remuneration and expenses

2023 2022
£ £
Trustee remuneration was paid as follows:
Ruth Symons 947 2402
Expenses paid to two trustees totalled 132 363

Page 15

Dyslexia Cornwall Notes to the Accounts

11 Tangible fixed assets

Cost
As at 1 January 2023
Additions
As at 31 December 2023
Depreciation
As at 1 January 2023
Charge for the year
As at 31 December 2023
Net Book Value
As at 31 December 2023
As at 31 December 2022
12 Debtors
Trade Debtors
13
Trade creditors
Accruals and deferred income
Creditors: Amounts falling due within one year		 Furniture
and
equiptmen
t
£
12,661
1,254
13,915
10,642
304
10,946
2,969
2,019
2023
£
20
20
2023
£
107
325
432		 Total
£
12,661
1,254
13,915
10,642
304
10,946
2,969
2,019
2022
£
1,645
1,645
2022
£
875
595
1,470

Page 16

Dyslexia Cornwall Notes to the Accounts

14 Analysis of funds

Restricted Funds
Who Dares Works
Par Bay Fund
Peoples Postcode Lottery
Claire Milne Trust
British Dyslexia Association
General Funds
Unrestricted funds
Designated funds
Redundancy fund
Capital designated fund
Total Unrestricted funds
Total funds		 As at 1
January
2023
£
62
376
21,170
-
-
21,608
8,832
5,941
2,019
16,792
38,400		 Incoming
Resources
£
6,969
-
-
2,062
2,000
11,031
6,514
-
-
6,514
17,545		 Resources
Expended
£
(5,900)
-
(15,134)
-
-
(21,034)
(2,964)
(3,443)
(304)
(6,711)
(27,745)		 Transfers
£
(1,131)
-
(1,254)
-
-
(2,385)
3,629
(2,498)
1,254
2,385
-		 As at 31
December
2023
£
-
376
4,782
2,062
2,000
9,220
16,011
-
2,969
18,980
28,200

15 Net assets by fund

Tangible assets
Current assets
Creditors: Amounts falling
due within one year
Net Assets		 Unrestricted
funds
2,969
16,443
(432)
18,980		 Restricted
income funds
-
9,220
-
9,220		 Total funds
2,969
25,663
(432)
28,200		 Prior year
funds
2,019
37,850
(1,470)
38,399

Page 17