Charity Registration Number: 1167119
The Dyslexia Teaching Centre
Financial Statements
For the Year Ending 31 July 2025
JANE ASCROFT ACCOUNTANCY LIMITED
Chartered accountants Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XT
The Dyslexia Teaching Centre
Financial Statements
Year Ended 31 July 2025
| Page | |
|---|---|
| Trustees' Annual Report | 1 |
| Independent Examiner's Report to the Trustees | 6 |
| Statement of Financial Activities | 7 |
| Statement of Financial Position | 8 |
| Notes to the Financial Statements | 9 |
| The Following Pages Do Not Form Part of the Financial Statements | |
| Detailed Statement of Financial Activities | 17 |
The Dyslexia Teaching Centre
Trustees' Annual Report
Year Ended 31 July 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 July 2025.
Objectives and Activities
The objects of the Charity are to help persons suffering from dyslexia, dyspraxia, dyscalculia, dysgraphia, attention deficit disorder and other specific learning difficulties and disabilities, particularly by:
(1) providing financial assistance to enable such persons to receive appropriate teaching and support;
(2) providing outreach programmes to schools and other establishments to widen access to such teaching and support; and
(3) providing support (including but not limited to financial, logistical and training support) to schools and other establishments to enable them to provide such outreach programmes.
Charitable Work 2024/2025
The Trustees confirm they have regard to the Charity Commission's guidance on public benefit and consider each year how it meets the public benefit objectives outlined in Section 4 of the Charities Act 2011.
They are satisfied that The Dyslexia Teaching Centre Trust meets the requirements and conforms with the Act's definition of a charity, being established for a recognised charitable purpose and being for the public benefit - meeting all elements of the two key principles.
In 2024/2025 the Charity continued to operate an outreach programme in eight London primary schools. (The London Dyslexia Initiative).
The Charity contracted with The Dyslexia Teaching Centre Limited (a company wholly owned by the Charity) to provide tailored support for children suffering from difficulties and disabilities in accordance with its charitable objects. The Director of The Dyslexia Teaching Centre Limited has sole responsibility for its commercial operations.
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The Dyslexia Teaching Centre
Trustees' Annual Report (continued)
Year Ended 31 July 2025
Achievements and Performance
The 2024/2025 academic year saw The London Dyslexia Initiative continue its work in its eight London primary schools: Addison, Ark Brunel, Avondale Park, Bevington, Brackenbury, Colville, Flora Gardens and Marlborough Primary.
The programme had six tutors and two volunteers working on literacy skills.
The Charity covered half of the Initiative costs with half or third of the costs contributed by the primary schools themselves.
Detailed review of activities
In the 2024/25 Academic Year the DTC supported 64 children through its bursary fund (2023/24: 53).
This support included:
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Specialist screening and one-to-one teaching by six tutors for 64 children;
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Weekly literacy sessions with two volunteers;
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Assistance with applications for Educational Health and Care Plans when requested.
In 2024-25 the DTC employed six part-time tutors to teach in eight state primary schools. The primary schools were in Hammersmith & Fulham (Brackenbury, Addison and Flora Gardens) and Kensington & Chelsea (Colville, Avondale Park, Ark Brunel, Bevington and Marlborough).
Over the whole year, the DTC's bursary programme ran in eight state primary schools with six tutors now employed part-time and two volunteers. The primary schools were in Hammersmith & Fulham (Brackenbury, Addison and Flora Gardens) and Kensington & Chelsea (Colville, Bevington, Avondale Park, Ark Brunel and Marlborough). In general our partner schools are facing financial challenges with increased bills and a falling school roll affecting their core funding. This has led two of the schools to question whether they can continue to contribute their share to the cost of tutoring sessions. One of the schools, Marlborough Primary, pulled out of the programme altogether at the end of the spring term. However, we were asked to tutor children at Flora Gardens Primary, which has connections with Addison Primary, at the start of the summer term. By the end of the academic year we were working in seven state primary schools.
In total, the tutors supported 64 children with 1-1 weekly sessions. The focus of the sessions was reading accuracy, fluency and comprehension although other skills were also taught. Tutors used attainment tests, standardised reading tests and diagnostic tests at the start of tutoring and to monitor progress. Reports were written for the schools' teachers and SENDCos, as well as for parents, reporting on progress against set targets. On a weekly basis tutors shared information with class teachers and/or teaching assistants and/or parents, where appropriate, so they could help consolidate their children's progress.
As well as specialist tuition, 2 experienced reading volunteers worked with some of our children at Addison Primary. One of our volunteers, who is studying for a specialist tutor qualification, spends a day a week at the school teaching two groups of Year 1 and Year 3 children as well as seeing other children 1-1 for core literacy skills.
At Bevington Primary our tutors initiated a 30-minute phonics group with four Year 3 children before the school day started. This was in addition to their usual 1-1 lessons. As well as consolidating phonic knowledge with the Year 3's, the tutors listened to each child read and helped them choose appropriate reading books. Starting in the autumn term, they delivered 27 group lessons over the school year. Not only did they support extra children, they also became more familiar with the class
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The Dyslexia Teaching Centre
Trustees' Annual Report (continued)
Year Ended 31 July 2025
teachers, strengthening the relationship between the DTC and the school.
Financial Review
The results for the year are shown on pages 7 and 8. Income for the year totalled £61,527 (2024 - £36,497) and expenditure was £89,182 (2024 - £35,683) giving a deficit of £27,655 (2024 - Surplus of £814). At 31st July 2025 there were net assets of £67,755 (2024 - £95,410).
Reserves policy
The Charity follows a policy of retaining sufficient funds to cover three months of charitable expenditure which currently equates to approximately £10,000. At 31st July 2025 there were net assets of £67,755 (2024 - £95,410).
Bank account
The Charity's funds are deposited with CAF bank which, in the Trustees' view, is a prudent investment.
Related parties
The Charity has a wholly-owned trading company, The Dyslexia Teaching Centre Limited (company number 5518963).
Plans for future developments
The Trustees' intention is to continue to meet the aims and objectives of the Charity through the activities listed above and explore new ways to reach pupils in need.
Looking Ahead
In 2025/2026 the Charity has continued to fund The London Dyslexia Initiative in the current seven State primary schools. The feedback from these schools remains very positive and reinforces the Charity's ethos in addressing the need for tailored specialist support for dyslexic children. The Trustees are extremely grateful to all the specialist tutors involved in working with Initiative students.
The current schools contribute one half or one third of the cost of specialist tutors but beyond that the running costs are financed by the Charity itself. The Charity has to regularly review its charitable funds and the extent to which it can provide help.
The Charity faces challenges to fundraising as the number of pupils and persons personally connected with the Charity is reduced. The Trustees aim to apply for third party grants from trusts as appropriate to continue the programme and individual bursaries.
These accounts are prepared on a going concern basis. The Trustees are aware that they should not overcommit themselves and have agreed with the Director that Trustee Meetings will be held before the start of every term to ensure that the charitable work can be covered and to receive an update on the number and progress of pupils involved.
The Charity looks forward to continuing working with the Centre to provide support in accordance with its objects and navigating the current economic environment as well as possible.
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The Dyslexia Teaching Centre
Trustees' Annual Report (continued)
Year Ended 31 July 2025
Structure, Governance and Management
The Dyslexia Teaching Centre (the 'Charity' or the 'DTC') is a charitable incorporated organisation registered in England and Wales under number 1167119 on 16 May 2016.
Constitution
The Charity is a charitable incorporated organisation governed by its constitution as registered with the Charity Commission in England and Wales.
The Charity has a wholly-owned trading company, The Dyslexia Teaching Centre Limited (company number 5518963). These financial statements consolidate the results of the Charity and the limited company on a line-by-line basis.
Method of appointment or election of Trustees
The management of the Charity and the Group is the responsibility of the Trustees who are elected and co- opted under the terms of the Constitution.
Risk management
The Trustees have examined the major strategic and operational risks which the Charity faces and can confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Reference and Administrative Details
Registered charity name The Dyslexia Teaching Centre Charity registration number 1167119 Principal office 23 Kensington Square London W8 5HN
The Trustees
Mrs P R Mann Prof G W Libby Dr S M C Hardman Mrs C Armrolia Mr D G Quinn Independent Examiner Jane Ascroft FCA MA (Cantab) Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XT
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The Dyslexia Teaching Centre
Trustees' Annual Report (continued)
Year Ended 31 July 2025
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Mrs P R Mann Trustee
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The Dyslexia Teaching Centre
Independent Examiner's Report to the Trustees of The Dyslexia Teaching Centre
Year Ended 31 July 2025
I report to the trustees on my examination of the financial statements of The Dyslexia Teaching Centre ('the charity') for the year ended 31 July 2025.
Responsibilities and Basis of Report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Jane Ascroft FCA MA (Cantab) Independent Examiner
Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XT
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The Dyslexia Teaching Centre
Statement of Financial Activities
Year Ended 31 July 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| fundsTotal funds | Total funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 53,281 | 53,281 | 34,379 |
| Other trading activities | 5 | 6,750 | 6,750 | – |
| Investment income | 6 | 1,496 | 1,496 | 2,118 |
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| Total income | 61,527 | 61,527 | 36,497 | |
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| Expenditure | ||||
| Expenditure on charitable activities | 7,8 | 89,182 | 89,182 | 35,683 |
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| Total expenditure | 89,182 | 89,182 | 35,683 | |
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| Net (expenditure)/income and net movement in funds | (27,655) | (27,655) | 814 | |
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||
| Reconciliation of funds | ||||
| Total funds brought forward | 95,410 | 95,410 | 94,596 | |
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| Total funds carried forward | 67,755 | 67,755 | 95,410 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 15 form part of these financial statements.
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The Dyslexia Teaching Centre
Statement of Financial Position
31 July 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed Assets | |||
| Investments | 13 | 100 | 100 |
| Current Assets | |||
| Debtors | 14 | 66,393 | 23,480 |
| Cash at bank and in hand | 2,252 | 72,790 | |
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| 68,645 | 96,270 | ||
| Creditors: amounts falling due within one year | 15 | 990 | 960 |
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| Net Current Assets | 67,655 | 95,310 | |
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| Total Assets Less Current Liabilities | 67,755 | 95,410 | |
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| Net Assets | 67,755 | 95,410 | |
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| Funds of the Charity | |||
| Unrestricted funds | 67,755 | 95,410 | |
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| Total charity funds | 16 | 67,755════════ |
95,410════════ |
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Mrs P R Mann Trustee
The notes on pages 9 to 15 form part of these financial statements.
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The Dyslexia Teaching Centre
Notes to the Financial Statements
Year Ended 31 July 2025
1. General Information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 23 Kensington Square, London, W8 5HN.
2. Statement of Compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern
There are no material uncertainties about the charity’s ability to continue.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that there are no significant estimates or judgements that affect these financial statements.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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The Dyslexia Teaching Centre
Notes to the Financial Statements (continued)
Year Ended 31 July 2025
3. Accounting Policies (continued)
Income
All income is included in the statement of financial activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified to the charity but the criteria for income recognition have not been met, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market.
Investment income is included when receivable.
Income from charitable trading activity is accounted for when earned.
Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the costs of trading for fundraising purposes.
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.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis, as set out in the notes to the accounts.
Investments
Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
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The Dyslexia Teaching Centre
Notes to the Financial Statements (continued)
Year Ended 31 July 2025
3. Accounting Policies (continued)
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial Instruments
The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
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.
Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.
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.
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The Dyslexia Teaching Centre
Notes to the Financial Statements (continued)
Year Ended 31 July 2025
3. Accounting Policies (continued)
Creditors
Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due.
Taxation
The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
4. Donations and Legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 47,432 | 47,432 | 25,303 | 25,303 |
| Donation from Dyslexia Teaching | ||||
| Centre Ltd | – | – | 9,076 | 9,076 |
| Gift aid receivable | 5,849 | 5,849 | – | – |
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| 53,281 | 53,281 | 34,379 | 34,379 | |
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5. Other Trading Activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Fundraising events | 6,750 | 6,750 | – | – | |
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| 6. | Investment Income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 1,496 | 1,496 | 2,118 | 2,118 | |
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The Dyslexia Teaching Centre
Notes to the Financial Statements (continued)
Year Ended 31 July 2025
7. Expenditure on Charitable Activities by Fund Type
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Costs of charitable activities | 88,000 | 88,000 | 34,650 | 34,650 |
| Support costs | 1,182 | 1,182 | 1,033 | 1,033 |
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| 89,182 | 89,182 | 35,683 | 35,683 | |
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8. Expenditure on Charitable Activities by Activity Type
| Grant funding | Total funds | Total fund | |||
|---|---|---|---|---|---|
| of activities Support costs | 2025 | 2024 | |||
| £ | £ | £ | £ | ||
| Costs of charitable activities | 88,000 | 1,182 | 89,182 | 35,683 | |
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| 9. | Analysis of Grants | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Grants to Institutions | |||||
| Grants to the Dyslexia Teaching Centre Ltd | 88,000 | 34,650 | |||
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| Total grants | 88,000 | 34,650 | |||
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| 10. | Independent Examination Fees | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 990════ |
960════ |
11. Staff Costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
12. Trustee Remuneration and Expenses
Trustees received neither remuneration nor expenses in the current and previous year.
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The Dyslexia Teaching Centre
Notes to the Financial Statements (continued)
Year Ended 31 July 2025
13. Investments
| Shares in | |
|---|---|
| group | |
| undertakings | |
| £ | |
| Cost or valuation | |
| At 1 August 2024 and 31 July 2025 | 100 |
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|
| Impairment | |
| At 1 August 2024 and 31 July 2025 | – |
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|
| Carrying amount | |
| At 31 July 2025 | 100 |
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|
| At 31 July 2024 | 100 |
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|
| All investments shown above are held at valuation. | |
| The charity's investment comprises the following: |
Name of subsidiary: Dyslexia Teaching Centre Limited
Nature of business: To provide tailored support for children suffering from difficulties and disabilities Class of shares: Ordinary Holding held by the Dyslexia Teaching Centre: 100%
The results of the Dyslexia Teaching Centre Limited for the year ending 31st July 2025: Surplus for the year after tax: £Nil
Capital and reserves: (£2,026)
14. Debtors
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Amounts owed by group undertakings | 60,544 | 14,404 |
| Donation from Dyslexia Teaching Centre Ltd | – | 9,076 |
| Accrued gift aid income | 5,849 | – |
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| 66,393 | 23,480 | |
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| Creditors: amounts falling due within one year | ||
| 2025 | 2024 | |
| £ | £ | |
| Accruals and deferred income | 990 | 960 |
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15. Creditors: amounts falling due within one year
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The Dyslexia Teaching Centre
Notes to the Financial Statements (continued)
Year Ended 31 July 2025
16. Analysis of Charitable Funds
Unrestricted funds
| Unrestricted funds | |||||||
|---|---|---|---|---|---|---|---|
| At | 1 | August | At | ||||
| 2024 | Income | Expenditure | 31 | July 2025 | |||
| £ | £ | £ | £ | ||||
| General funds | 95,410 | 61,527 | (89,182) | 67,755 | |||
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| At | 1 | August | At | ||||
| 2023 | Income | Expenditure | 31 | July 2024 | |||
| £ | £ | £ | £ | ||||
| General funds | 94,596 | 36,497 | (35,683) | 95,410 | |||
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17. Analysis of Net Assets Between Funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2025 | |
| £ | £ | |
| Investments | 100 | 100 |
| Current assets | 68,645 | 68,645 |
| Creditors less than 1 year | (990) | (990) |
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| Net assets | 67,755 | 67,755 |
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|
| Unrestricted | Total Funds | |
| Funds | 2024 | |
| £ | £ | |
| Investments | 100 | 100 |
| Current assets | 96,270 | 96,270 |
| Creditors less than 1 year | (960) | (960) |
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|
| Net assets | 95,410 | 95,410 |
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18. Related Parties
Bursaries of £88,000 (2024 - £34,650) were payable to the Dyslexia Teaching Centre Limited, the wholly owned subsidiary. At 31 July 2025 Dyslexia Teaching Centre Limited owed £60,544 (2024 - £23,480) to the charity. Donations from the trading company to the charity in the year amounted to Nil (2024 -£9,076).
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The Dyslexia Teaching Centre
Management Information
Year Ended 31 July 2025
The Following Pages Do Not Form Part of the Financial Statements.
16
The Dyslexia Teaching Centre
Detailed Statement of Financial Activities
Year Ended 31 July 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 47,432 | 25,303 |
| Donation from Dyslexia Teaching Centre Ltd | – | 9,076 |
| Gift aid receivable | 5,849 | – |
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| 53,281 | 34,379 | |
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|
| Other trading activities | ||
| Fundraising events | 6,750 | – |
─────── |
──── |
|
| Investment income | ||
| Bank interest receivable | 1,496 | 2,118 |
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|
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|
| Total income | 61,527 | 36,497 |
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|
| Expenditure | ||
| Costs of charitable activities | ||
| Grant funding activities | ||
| Grants given to DTC Ltd | 88,000 | 34,650 |
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|
| Support costs | ||
| Accountancy fees | 990 | 960 |
| Bank charges | 192 | 73 |
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|
| 1,182 | 1,033 | |
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|
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|
| Total expenditure | 89,182 | 35,683 |
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|
| Net (expenditure)/income | (27,655) | 814 |
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