REGISTERED CHARITY NUMBER.. 1168674 Re ortoft e Trustees an Unau ed Financial Stat IAU ust2 24 for slèxla S arks Flsher & Company Llmlled Chartered Cerlified Accountènts Kin8fisher House 65 Market Place Market Weighton York Y043 3AN
D lexla S arks ontents of the Financial Statements for th ar ended 31Au ust 2024 Page Report of the Trustees 3to6 Independent Examiner's Report Statement of Financlal Activities Balance Sheet Notes to the Financial Statements IOto16 Detailed Statement of Financial Actlvltles 17
xia S arks Re ort of theTrustees for the ear ended 31 Au ust 2024 The trustees have adopted the provi5ion5 of Accountlng and Reportlng by Charitles.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republlc of Ireland (FR5 1021 {effective l January 20191. OBJECTIVES AND ACTIVITIES Objectives and alms: To advance the education of individuals with specific learning difficultie5 and related concern5, including, but not Significant attivitles: providin8 information and guidance to individuals, or8anisation5 and other bodies,. provldin8 detailed Information regardln8 specific needs and recommended support vla the use of relevant assessment tools; providin8 tutorlng and guidance to Sndlv5duals In need of specialist support,. obtaining, colle¢Lin8 and receiving monie5 and funds by way of contributions, donations, legacie5, 8rants and any other lawful method. The trustees confirm that they have reteived guidance issued by the Chartity Commission on publlc beneflt. ACHIEVEMENT AND PERFORMANCE Chailtable a¢tlvltles This year has seen a con5clous strengthening of the charity's strateglc dlrectlon, initially undertaklng a thorough review of the Trustee 8oard, in order to enable us to recruit 3 more diverse board who bring with them a wlder range of skills and experience. Thi5 hès led to some key strategic decisions in terms of the charity's structure. in particular the increase of employed members of staff - movlng from 5 to 8 employees, the laigest employed team slnce the charlty founded in 2016. This has allowed us to Strengthen the Support we offer, especially wlth regords to delivering hl8h quality tultlon support, and raising awareness of what we do vla marketing. With an increasingly strong reputation, and as the reglon's only re8lstered dyslexia charity, we continue to seè an increaslng demand for assessMent5. Th15 year we have supported approximately 255 children and youn8 people, and 30 adults vla dyslexia a5se55ments- compared to 224 and 11 respectlvely in our previous f Inancial year. We are deepening our relationships with a higher number ol local primary and secondary schools. As well and as 5upportlng their u nderstanding of their learners, needs via formal dyslexia assessment5, we have delivered staff tralning at 8 schoo15, and offered support via 4 coffee mornin8S to support their community of parents - this Is compared to 7 and 2 schools in the flnancial year 22123. Specialist tuition remains at the heart of what the charity deliver helping people of all ases to overcome barriers to success and reach thÈir potential. This year we have supported 72 youn8 people via specialist weekly support, a 8rowth of 2 lo3rners compared lo 22/23. Page 3
D slexla S arks Re ort of the Trustee earend IAU for 2024 The charity's free monthly online support group is now an established mechanism for parents and teachers to develop thelr understanding and to galn advice, with attendance from across the UK and even as far as Australia! Average slgn-up is 50 people each month. with a total reach of approxlmately 700 indlviduals this year. The charity ran ils second annual Assistive Teth Festival, having bui It on last year's success and Èxpandin£ the olfering to include a range ol Èxlernal providers, with over 100 families in attendante this year, compared to approximately 30 at our 2023 event. Awareness rai51ng events have taken place throughout the year to support individuals and families to come together, to celebrate dyslexia and explore ways to make positive contributions to the world around them, as well as to contribute to the charity's fundr815ing oblective5. Financially, the charlty has ended the year with a sm311 financial deficit. Our charitable income has seen a slight lftcrease, as have our monles raised through fund ralsing actlvltSes. In addition, the charity has focused more attention on 8rant appllcatlons, and seen an Increase in restiicted funds as a result. allowln8 US to deliver a wlder range of services to a larger demographic of people across the region. There ha5, however. been Increases in some areas of expenditure, partlcularly salarles la strategic decision rnade to meet the charity's Eoals for Erowthl, cost of prerni5es Ilncluding taking on an additional room to allow space for additional staff and charltable activities), psychologist fees Ito support the increased demand for assessments), and advertlSln8. Movlng forwards, the charlty is focused on strengthening its strate8ic posltlonlng, and key to th5s15 the Implementation of a 5-ye3r strateglc plan, ès wÈll as further recruitment to the TrLJStee Board, including expertise In HR and Finance. FINANCIAL REVIEW Regerves policy Cash and deposit balance5 are malntalned to be able to meet outgoings and grant obligallons from time to time. The linèncial position of the charity on 31 August 24 is Considered to be satisfactory, with sufficient reseNes to meet current commitments. The Charity has a reserves policy which Is reviewed on an annual basls. The current reserves policy adopted by the Irustees is to maintain reserves at a level which 15 between three months and nine months budgeted expenditvre. Our currenl reserves are now at 4.5 months, expenditure and as a small charity) this is a comfortable level. This is because in the current economic tlimate, the trustees are parlicularly mindful of the need to contain the risk that the Charity cannot meet the paymenls to which it is committed IF the income ol the Charity declines. In addition, should Ihe Charity find itself in the position Ihat it 15 no lon8er able to operate. the reserves will be utili5ed to support the cost of redundancie5. Page 4
D slexia S arks Re ort oftheTrustees for the ear ended 31 Au ust 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governin8 document, a deed of trust and constitutes an unincorporated charity. REFERENCE ANDADMINIsTlTlVE DETAILS R Istered 1168674 arlt ber Prlncl al address Dunslon House Livingstone Road Hessle East Yorkshlre HU13 OEG Mrs L Edwards (Resigned 14 May 20241 Mr5 B Holbrook Mr D Warner Miss C Cavanagh (Appointed 14 May 20241 Inde end Examiner Flsher & Company Llmited (Chartered Certified Accountèntsl Klngfi5her House 65 Market Place Market Weighton Easl Yorkshire Y043 3AN Approved by order of the board of tr and slgned on Its behalf by.. Miss C Cavanagh - Trustee Page 5
Inde endent Examlner, D slexia S arks Re ort 50f Independent Examlller's Report to the Trustees of Dyslexla Sparks I report to the charity trustees on my examination of the account5 OF Dyslexla Sparks (the Trustl for the year ended 31 Au8USt 2024. ResponsibllltlÈs and basis of report As the charily trustees of the Trusl you are responsible for the preparation ol the accounts in accordance with the requirements of the Charities Act 20111.the Act'l. I report in respect ol my examlnation of the Trust's accounts carrled out under section 145 of the Act and In carrying out rny examSnatlon I have followed all applicable dlrectlons glven by the Charitles Commls5ioD under sectlon 145(51{bl of the Act. Independent examiner's statement I have completed my examinatlon. I confirm that no materlal matters have come to my attentlon In connettion li 21 31 accountlng records were not kept in respect of the Trust as required by section 130 of the Act,. or the accounts do not accord with those records,. or the accounts do not comply with the applicable requlremenls concerning the form and content of accounts set out In the Charitie5 (Accounts and Reports) Regulations 2008 other than any requirement that the accounts £ive a true and lalr view which 15 not a matter consldered ps ?part of an independent Èxamlnatlon. I have no concern5 and have come across no other matters In connectlon with the examination to which attentlon should be drawn In thls report to enable a proper undeT5tandin8 of the accounts to be reached. Paul D. Watson FCCA Fisher & Company Limited Kingfisher House 65 Market Place Market Weighton York Y043 3AN Date-. o.sl(£lMJ..... Page 6
xia S aiks Statement of Financlal Activities for the ear ended 31 Au ust 2024 31-Au8-24 31-Au8-23 Total Total funds fund5 Unrestricted Restrlcted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and le8acies Charltable actlvltle5 Charitable income Fund faising aclivities Investment Income 8,551 8.551 9,109 229,965 1,292 235 2,927 232,892 1,292 235 220,297 195 Total lthtome 240,043 2,927 242,970 229,601 EXPtNDJTURE ON Charitable activltles Fund rasing costs Other Support costs 231,476 1,958 4,519 2,544 10.280 241,756 1,958 4,519 2,544 208,547 2,576 1,965 Total Expèndlture 240,497 10,280 250,777 213,088 NET INCOME I {EXPENDITURE) 45411 7,3531 { 7,8071 16,513 RECONCILIATIOP4 OF FUNDS Total funds brought forward 95.867 14,264 110,131 93,618 TOTAI FUND5 CARRIED FORWARD 95,413 6,911 102,324 110,131 The notes form parl. of these linancial stalemenls Page 7
D slexia S ark5 Balance Sheet 31Au SI 2024 31-Au8-24 31-Aug-23 Total Total fund5 funds Unrestricted Restricted f unds funds Notes FIXED ASSETS Tangible assets 9.553 9,553 2.868 CURRENT ASSETS Debtors Cash at bank and in hand 23,463 86,386 109,849 23,463 93,297 116.760 18,706 111,470 130,176 6,911 6,911 CREDITORS Amounts falling due wlthin one year 23,9901 23,99011 22,913) 85,859 6.911 92,770 107,263 TOTAL ASSETS LESS CURRENT LIABILITIES 95,412 6,911 102,323 110,131 NET ASSETS 95A12 6.911 102,323 110,131 FUNDS Unrestricted funds Restricted funds 95,412 6,911 102,323 95,867 14,264 110,13 1 The linanclal statements were approved by the Board of Trustees and authorised for issue on . Miss C Cavanagh - Tru5teee The notes form part of these financial statements Page 8
D lexla S arks Notes to the Financial Statements forthe ear ended 31Au ust 2024 ACCOUNTING POLICIES Basls of prep3rlng the flnancial statements The financial statements of the chèrily, which is a public benÈfit entity under FRS 102, have been prepared in aceordance with thÈ Charitiès SORP IFRS 1021 'Ateounlin8 and Roptsrtin8 Charities.. Statement of Recommended Praclite applicable to charities preparin8 their actounts in accordante with the Finantlal Reporting Standard applicable In the UK arbd Republic of Ireland IFRS ID21 leffective l January 2019}'. Financial Reportin8 Standard 102 'The Financial Reportin8 Standard applicable in the U K and Republic of Ireland, and the Charltles Act 2011. The finènclal ststements have been prepared under the historical c05t conventlon, Income All income is recognlsed in the Statement of Financial Activities once the charity has entitlement to the funds, ir is probable that the income wlll be received and the amount can be measured reliably. Expenditure Llabilitie5 are recognised a5 expenditure a5 soon as there Is a legal or constructive obllgation Commilting the charity to that expenditure, itls probable that a transfer of economic benefit will be requireil in settlement and the amount of the obli8alion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headin8S that a88re8ale all cost related to the catÈ8ory. Where costs cannot be directly attributed to particular headinRs they have been allocated to a¢tivStSes on a basis consistent with the use of resources. Tanglble flxed assets Depreciation is provided at the followin8 annual rates in order to write off each asset over its estlmated useful life. Fixtures, fittlngs & IT equlpment Straight Ilne over 3 years Taxation The eharlty is exempt from tax as its charitable activities. Fund accountln8 Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee5. Restricted funds can only be used for the particular restricted purpose within the objecls of the eharily. Restrictions arise when specilied by the donor or when funds are raised for partitular restricled purposes. Further explanation of the nature and purpose of each fund is included in the notes to rhe financi31 statements. Page 9
exla S arks Notes to the Financial Statements for the ear ended 31 Au ust 2024 PÈnslon costs and other post-retlrement beneflts The charity operates a delined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activlties In the period to whlch they relate. 21 INVESTMENT INCOME 31-Aug.24 31-Au8-23 Bènk interest received 235 195 31 TRU5TEES' REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 Au8USt 2024 nor for the year ended 31 Au8USt 2023. Trustee5' expenses There were no trustees, expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. 41 STAFF COSTS The average monthly number of employees durin8 the year was as follows.. 31-Au8-24 31-Aug-23 Tutor salaries Admin salaries No employees received emoluments in excess of £60,000. 31-Au8-24 31-Aug-23 177,764 154,842 Total stsff costs in the year were as follows.. 51 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unresif Icted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 9,109 9,109 Charltable attlvltles Ch3ritable income 218,224 2,073 220,297 Fund raising activities Investment income 195 195 Total Income 227,528 2,073 229,601 Page 10
D slexla S arks Notes to the Financial Statements lor the ear ended 31 Au ust 2024 51 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES. contlnued Unrestricted Restricted funds funds Total funds EXPENDITURE ON Charitable activities 204,067 4,480 208,547 Fund rasing costs Other 2,576 2,576 Support costs 1,965 1,965 Total Expendlture 208,608 4,480 213,088 NET INCOME I {EXPENDITURE} 18,920 1 2,4071 16,513 RECONCILIATION OF FUNDS Total fund5 brought forward 79,354 14,264 93,618 TOTAL FUNDS CARRIED FORWARD 98,274 11,857 110,131 TANGIBLE FIXED ASSETS Fixtures fittin8s & IT equipment COST At I September 2023 Addltions DisP05als At 31 August 2024 15,052 9,815 24,867 DEPRECIATION At I September 2023 Charge for year On di5P0531 At 31 August 2024 12,184 3,130 15,314 NET BOOK VALUE At 31 August 2024 At 31 August 2023 9,553 2,868 Page 11
D slexia S ar Notes to the Financial Statements for the ear ended 31 Au ust 2024 71 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31-Aug-24 31-Aug-23 Debtors Ledger Other debtors Prepayments and accrued income 18.444 18.202 5.019 23,463 504 18,706 81 CREDITORS., AMOUNTS FALLING DUE WITHIN ONE YEAR 31-Aug-24 31-Aug-23 Creditor5 Ledger Social security and other taxe5 Accruals and deferred income 819 888 22,283 23,990 1,075 3,477 18,361 22,913 MOVEMENT IN FUNDS Bfwd At 01.Sep.23 Nel Cfwd At 31.Au8-24 movement in funds Unrestrlcted funds General f und 95,867 1 4551 95,412 Restricted lund5 Restricted fund 14,264 1 7,3531 6.911 TOTAL FUNDS 110,131 1 7,8081 102,323 Net movement in funds, included in the above are as follows.. Incomlng resources Resources Movement expende In funds Unrestri£ted funds General fund 240,043 1 240,49711 4541 Restrlcted funds Restricted fund 2,927 1 10,28011 7,3531 TOTAL FUNDS 242,970 1 250,77711 7.8071 Page 12
D 51exi Notes to the Financial Statements lor the ear ended 31 Au ust 2024 91 MOVEMENT IN FUNDS- contlhued Fund Analysis Restrl¢ted funds GroundworkTrusts Arafest120191 Arafest120211 james Reckitt Charity Co-op Charity Sponsored Walk Fund5120221 Joseph and Anne Cal(le Trust 01-Sep-23 Movement 31-Au8-24 4,040 1 2,9031 1,137 784 784 2,295 2,295 2,376 1 li 2,432 2,432 264 264 2.073 1 14,264 2,37711 2,0731 7,3531 6,911 Movement In funds Groundwork Trusts Arafest120191 Arafest120211 James Reckitt Charitv Co-op Charily Sponsored Walk Funds120221 Joseph and Anne Cattle Trust Income Expended 2,90311 Chan8e 2,9031 2,37711 2,377) 2,927 1 2,927 1 5,00011 10,28011 2,0731 7,3531 Comp8ratlves for movement in funds: Bfwd At Nel movement in funds Cfwd At 31-Aug-23 01-Sep-22 Unrestricted funds General fund 76,947 18,920 95,867 Restricted funds Restricted fund 16,671 1 2,4071 14,264 TOTAL FUN05 93,618 16,513 110.131 Page 13
xia S ark Notes to the Financial Statements for the ear ended 31 Au ust 2024 9) MOVEMENT IN FUND5- contlnued Comparative net movement in fund5, included in the above are as follows.. Incoming resources Resources Movement expended in funds Unre5trlcted funds General fund 227,528 1 208,6081 18.920 Resirl¢ted funds Restricted fund 2,073 1 4,48011 2,4071 TOTAL FUNDS 229,601 1 213,0881 16,513 Restrlcted funds Groundwork Trusts Arafest12019 Arafest120211 James Reckilt Charity Co-op Charity Sponsored Walk Funds120221 Joseph and Anne Cattle Trust 01-Sep-22 Movement 31-Au8-23 4,460 1 4201 4,040 1,393 1 609 784 2,295 5,139 1 2,432 952 1 2,295 2,376 2,432 264 2,073 14,264 2,7631 6881 2,073 2,407 16,671 1 Movement In funds Groundwork Trusts Aralest120191 Arafesl120211 James Reckitt Charity Co-op Charlty Sponsored Walk Funds120221 Joseph and Anne Cattle Trust Income Expended 42011 60911 Change 4201 6091 2,76311 2,7631 68811 688) 2,073 2,407) 2,073 2,073 1 4.48011 Page 14
D slexS 5 ark5 Notes to the Financial StatemÈnts for the earended 31 Au ust 2024 91 MOVEMENT IN FUNDS- contlnued A currenl year 12 months and prlor year 12 months combined position is 4$ follows: Bfwd At 01-Sep-22 Net Cd At movement in funds 31-Aug-24 Unrestrlcted funds General fund 76,947 18,466 95,413 Restrleted funds Restricted fund 16,671 1 9,7601 6,911 TOTAL FUNDS 93,618 8,706 102,324 A current year 12 months and prior year 12 monlhs combined nel movement in funds, included in Ir)tomln Resources Movemenl expended in lunds resources Unrestrl¢ted funds General fund 467.571 1 449,1051 18,466 Re5trlcted fund5 Re5trlcted fund 5,¢300 1 14.76011 9,7601 TOTAL FUNDS 472,571 1 463,8651 8,706 Fund Analysls Re$trlcted funds Groundwork Trusts Arafest120191 Arafest120211 james Reckitt Charitv Co-op Charity Sponsored Walk Funds120221 Joseph and Anne Cottle Trust 01-Sep-22 Movement 31-Aug-24 4.460 1 3,3231 1,137 1,393 1 6091 784 2,295 5,139 1 2,432 952 1 2,295 i) 2,432 264 5,14011 6881 16,671 1 9.7601 6,911 Page 15
xi? S rks Notes to the Financial Statements for the ear ended 31 Au ust 2024 9} MOVEMENT IN FUNDS- contlnued Movement in funds Groundwork Trusts Arafest120191 Arafest120211 James Reckitt Charlty Co-op Charity Sponsored Walk Funds120221 Joseph and Anne Cattle Trust Income Expended 3,32311 60911 Change 3,3231 6091 5,14011 S,1401 68811 5,0001 14,76011 6881 5,000 1 5,000 1 9,760) ioi RELATED PARTY DISCL05URES There were no related party transactlons for the year ended 31 August 2024. Page 16
xia S arks Detailed Statement of Financia1 Activities for the ear ended 31 Au ust 2024 31-Aug-24 31-Aug-23 INCOME AND ENDOWMENTS Donation5 and legacles Donations Investment Income Bank interest Char•table Actlvities Assessments and reports Tuition Bursary income Other income & unre5trlcted funding grants Fund raising events Government srants Total Incomlng resources EXPENDITURE Charitable actlvitles Bursary support provided Educational materials Tr3inin8 Psycholo8lSt fees Bad debls Wages Social securlty Pensions Repalrs and renewals Insurance Rent, room hire & occupancy costs Telephor)é Posta8e and stationery Advertising Sundries Motor and travelling 8.551 9,109 235 195 91.345 103,040 11,115 27.392 1.292 74.289 105,700 21,522 17,112 1,674 229,601 242,970 12,551 1,108 6,134 18,340 23.027 577 747 2,990 745 144,729 6,999 3,114 4,589 794 14,749 539 165,94S 8,147 3,672 2,Q13 769 16,334 726 1,254 3,403 1.207 153 241,756 1,052 938 2,416 542 208,547 Fund Ralslng Cost of fund raising Other Includlng flnan¢e costs Bank charges Deprecialion of tangible fixod assets 1,958 1,389 3,130 4,519 1,098 1,478 2,576 Support Costs Governance costs Accountancy and1egal c05t5 Total resourees expended 2,544 250,777 1,965 213,088 Net income surplu51 (def icill 7,807) 16,513 This pa8e doe% not form part of the slatulory financial statements Page 17