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2021-09-30-accounts

Charity registration number 1180256

Company registration number 09421138 (England and Wales)

MADE BY DYSLEXIA

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

MADE BY DYSLEXIA

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Lord E M Davies
Mrs C M S Douglass
Mr R D Rudd
Charity number 1180256
Company number 09421138
Principal address SohoWorks
2 Television Centre
Wood Lane
London
W12 7FR
Registered office 7 - 9 The Avenue
Eastbourne
East Sussex
BN21 3YA
Independent examiner Emily Smith ACA
7-9 The Avenue
Eastbourne
East Sussex
BN21 3YA
Accountants Humphrey & Co
7-9 The Avenue
Eastbourne
East Sussex
BN21 3YA
Solicitors Macfarlanes LLP
10 Norwich Street
London
EC4A 1BD

MADE BY DYSLEXIA

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 20

MADE BY DYSLEXIA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2021

The Trustees present their annual report and financial statements for the year ended 30 September 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Charitable Objectives

The objects of the charity as set out in the Articles of Association (updated September 2018) are to advance education for the public benefit in relation to all aspects of dyslexia and related conditions to assist with the screening process and to raise awareness of dyslexia, particularly but not exclusively, by:

Aims of the Charity

To achieve these Objectives it is the aim of the charity to help the world properly understand, value and support dyslexia.

The charity has developed the following strategies to be able to meet these aims:

Demonstrating P ublic B enefit

The Trustees are aware of the Charity Commission guidance on Charity and Public Benefit and confirm that they have complied with the duty of Section 17 of the Charities Act 2011 to have due regard for it. The Trustees consider that the information contained within the Trustees' Report about the Charity's aims, activities and achievements demonstrates the benefit to the public.

MADE BY DYSLEXIA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

Achievements and performance

In acknowledging the hard work of the CEO, the Board are pleased to be able to report the following key achievements over the year:

The above achievements could not have been possible without the generous support from the individuals and organisations mentioned. The Board therefore wish to express their grateful appreciation to all those who have contributed to the success of this period.

In addition, t he trustees recognise that Kate Griggs is one of the leading authorities on Dyslexic Thinking and are very grateful to her for allowing the charity to use her research, assets and Intellectual Property without charge, and acknowledge that this is a huge advantage in enabling the charity to further its mission to empower Dyslexic Thinking in every school and every workplace.

Performance highlights in the year include the following:

Funding, Sponsorship, Partnerships

MADE BY DYSLEXIA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

Media Coverage and Engagement

Dyslexia Awareness Training

Our Dyslexia Awareness course available for free on the Microsoft Educator Center continued to be one of the most popular courses on the Microsoft platform. The films available on YouTube and our social channels have been watched by millions worldwide.

Workplace Guidance

We developed and soft launched our initial workplace offer to include interactive guides and film resources. This will be developed further and rolled out in 2022.

COVID-19 Impact & Response

Fortunately much of what Made by Dyslexia does is online so we were able to continue most of our activities and projects by increasing our online activities and campaigns.

The pandemic continued to mean that all of our plans involving public events were put on hold. Where possible we held these as virtual events, or postponed them, shifting plans into 2022 onwards.

We had scoped and planned a global event series scheduled to launch in September 2021, but this was postponed due to increased Covid numbers and restrictions on travel. Whilst this didn’t incur any costs as work and launch was shifted into 2022, it meant that sponsorship income was also shifted into the next financial year too. Production and filming was taken online where possible, or delayed and completed once restrictions were lifted.

We continued to heavily promote our online teacher training as this continued to provide a valuable resource during the pandemic to parents homeschooling and teachers around the world.

MADE BY DYSLEXIA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

Measuring Success

Success is measured by ensuring the charity is able to meet its objectives in the following four areas:

  1. Has the charity raised the necessary funds to deliver on the charity's objectives and undertake planned activities effectively.

  2. Has the charity delivered events, and campaigns that have returned broad media and public engagement.

  3. Has the charity secured partnerships and ambassadors to help further its objectives and impact.

  4. Has the charity provided free online resources that have been shown to support dyslexic people, educators and employers.

We frequently review our progress and believe we have achieved success across all of these achieving remarkable progress and impact in a short space of time, and during another particularly difficult period.

Working with Others

In looking to build on the charitable objectives the Board recognised the importance of working with other organisations to achieve the aims. In the year the charity has:

The Board are grateful for the support from these organisations without which the Charity would not have advanced.

Financial review

The Charity had a successful year of operation despite the disruption caused by the COVID-19 pandemic. During the year the Charity has made substantial progress in the development of readily accessible training resources for parents, teachers and employers. Key to the success of this programme has been the monies provided by Microsoft to fund elements of the work for the year ending 30 September 202 1 .

The Board also wish to thank the wider network of supporters who collectively donated funds of £ 18,997 to support the charity in its work to help the world properly understand, value and support dyslexia.

The charity had a deficit for the year of £155,322 (2020: £127,478 surplus).

Volunteers

The Board wish to express their appreciation to those who have provided administration support to the Charity on a voluntary basis.

Due to the flexible nature of the hours worked and the tasks performed the Board consider that the value of the support provided by the volunteers cannot be measured reliably.

The Charity's accounts do not therefore reflect a value for donated administration services.

Donated Services

The Board also wish to express their appreciation to a number of organisations who have provided much valued pro bono services to help the charity develop its online presence and in the form of legal and professional services.

In accordance with the guidance provided in the Charities SORP (FRS 102) the Board have considered the extent and nature of the pro bono services and measured the value of these services to the charity at £ 32 ,000. This sum is reported as an unrestricted donation as set out in N ote 3 with corresponding entries reported within N ote 7 - C haritable A ctivities and N ote 8 - Support C osts as appropriate.

MADE BY DYSLEXIA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

Reserves Policy

Following a deficit in the year of £158,322 (2020 - surplus of £127,478), the Charity has a reserves position of £65,450 (2020 - £223,772) at 30 September 2021.

Of the above reserves at 30 September 2021, none of the balance is made up of restricted funds (2020 - Nil)

The Board are grateful to those organisation who have provided funds to support the C harity's work in the year.

The Board are minded to establish a level of unrestricted funds ( which have not been designated for specific use ) equivalent to between three and six months of core administration expenditure calculated to be in the region of £ 3 5,000 to £ 5 5,000 . The Board consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the current activities while consideration is given to ways in which additional funds may be raised.

Risk Management

The Board are in the process of building on the original risk evaluation to include the development of a register of significant risks that the organisation is, or could potentially be exposed to. Key to this will be a risk assessment process coupled with practical operational mitigation procedures.

COVID -19 Pandemic

As with many organisations, the impact of the measures necessary to combat the spread of the COVID -19 virus has impacted on the Charity's activities.

The prime concern of the Board is rightly focused on the wellbeing and health of all those who work with the charity and its beneficiaries.

In complying with the guidance provided by the Government, the Charity has been working with its supporters to make greater use of interactive capabilities as part of the ongoing work to develop online resources and aids for teachers.

In the light of this the Board are confident that Made B y Dyslexia will be able to continue to develop and expend its services to its beneficiaries during this period of uncertain t y.

Structure, governance and management

The Charity is a company limited by guarantee , incorporated on 4th February 2015 and was registered with the Charity Commission on 9 October 2018.

Prior to achieving Charity Commission registration the charity carried out its day to day operation as part of the restricted funds of the Helen Arkell Dyslexia Charity (Charity registration number 1064646). The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

The Board of Trustees are responsible for the overall governance of the Charity and aim to meet as a Board

at least twice a year.

The Trustees who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Lord E M Davies Mrs C M S Douglass Mr R D Rudd

MADE BY DYSLEXIA

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

The number of Trustees shall not be less than three.

None of the Trustees have any beneficial interest in the company. Expenses incurred by the Trustees in the performance of their duties are reimbursed when requested.

All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Board of Trustees administer the Charity. In doing so the Trustees have delegated the day to day administration of the Charity to Kate Griggs as Chief Executive Officer.

The Board receive regular reports on the progress of projects in hand and meet (formally as noted above or more regularly via telephone / virtual meetings) to discuss progress, future projects and to approve current and future expenditure and the funding thereof.

The Board wish to express their gratitude to Kate Griggs for her tireless work for the charity over the course of the year in her role as CEO. The Board further acknowledge the number of hours that Kate has invested in the Charity to support its work many of which have been in an administration role. The work that Kate has undertaken in the development of the charitable projects is set out in note 15.

The Trustees' r eport was approved by the Board of Trustees.

..............................

Mr R D Rudd

29/06/2022 Dated: .........................

MADE BY DYSLEXIA

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MADE BY DYSLEXIA

I report to the Trustees on my examination of the financial statements of Made by Dyslexia (the Charity) for the year ended 30 September 2021, which are set out on pages 9 to 21.

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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the financial statements 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 the Charity’s financial statements carried out under section 145 of the Charities Act 2011 (the '2011 Act') . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales , which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Emily Smith ACA

Chartered Accountant - ICAEW

7-9 The Avenue Eastbourne East Sussex BN21 3YA

Dated: ......................... 29.06.2022

MADE BY DYSLEXIA

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2021

Unrestricted Unrestricted
Restricted
funds
funds
funds
2021
2020
2020
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
50,997
61,078
137,500
Charitable activities
4
-
18,405
-
Other charitable income
5
200,000
377,500
-
Other income
6
91
4,910
-
Total income
251,088
461,893
137,500
Expenditure on:
Charitable activities
7
409,908
247,586
224,329
Gross transfers between funds
-
(282)
282
Net (expenditure)/income for the year/
Net movement in funds
(158,820)
214,025
(86,547)
Fund balances at 1 October 2020
223,772
9,747
86,547
Fund balances at 30 September 2021
64,952
223,772
-		 Total
2020
£
198,578
18,405
377,500
4,910
599,393
471,915
-
127,478
96,294
223,772

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

MADE BY DYSLEXIA

BALANCE SHEET

AS AT 30 SEPTEMBER 2021

Notes
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
Income funds
Unrestricted funds		 2021
£
-
111,411
111,411
(46,459)		 2020
£
£
-
9,209
320,379
329,588
(106,655)
64,952
64,952
64,952
64,952		 £
839
222,933
223,772
223,772
223,772

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2021.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

29/06/2022

The financial statements were approved by the Trustees on .........................

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.............................. Mr R D Rudd Trustee

Company registration number 09421138

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

MADE BY DYSLEXIA

1 Accounting policies

Charity information

Made by Dyslexia is a private company limited by guarantee incorporated in England and Wales. The registered office is 7 - 9 The Avenue, Eastbourne, East Sussex, BN21 3YA.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in pound sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted are set out below.

1.2 Going concern

With the ongoing support of its funders the charity is focusing on the delivery of its charitable objectives through an online teaching and resource platform. In the light of the action taken the Charity expects to be able to maintain core services by the innovative use of technology over the course of the COVID-19 pandemic. Accordingly, a t the time of approving the Charity financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of any restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Donated services are measured and included in the accounts on the basis of the value of the gift to the charity.

MADE BY DYSLEXIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

1 Accounting policies

(Continued)

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers

2 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity 's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest rate method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

MADE BY DYSLEXIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

1 Accounting policies

(Continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity ’s contractual obligations expire or are discharged or cancelled.

1.9 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The Trustees do not consider any key areas of estimation uncertainty to be material to the preparation of these Financial Statements.

Critical judgements

Donated services

The charity is in receipt of pro bono services from a variety of organisations. The valuation of pro bono services are estimated by the CEO and included within the Statement of Financial Activities.

The estimates are included within total income and total resources expended and do not have any net impact on fund balances at the year end.

MADE BY DYSLEXIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

3 Donations and legacies

Unrestricted Unrestricted Restricted Total
funds
funds		 funds
2021
2020		 2020 2020
£
£		 £ £
Donations and gifts 18,997
19,078		 137,500 156,578
Donated services 32,000
42,000		 - 42,000

Donated services

Donated services includes pro bono services received in respect of advertising, online production and copywriting.

4 Charitable activities

2021
2020
£
£
Ticket sales -
18,405
Other charitable income
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Sponsorship of Global Summit - 77,500
Sponsorship of Marketing Campaign 200,000 300,000
Other charitable income 200,000 377,500

5 Other charitable income

MADE BY DYSLEXIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

6 Other income

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Other income - 4,910
Book sales 91 -
91 4,910

From the current year the employment allowance previously disclosed within other income has been reanalysed to staff costs within Charitable Activities.

MADE BY DYSLEXIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

7 Charitable activities

Raising Raising
Awareness Awareness
and and
Development Development
of training of training
resources resources
2021 2020
£ £
Staff costs 101,910 52,297
Production of online content 84,045 211,192
Develop o nline content 41,200 13,127
Hire of venue and facilities - 17,400
Hosting and participating in events 3,702 93,679
Research work - 10,000
Travel and accommodation 50 17,399
Costs of educational material 43,212 -
274,119 415,094
Share of support costs (see note 8) 121,862 42,921
Share of governance costs (see note 8) 13,927 13,900
409,908 471,915

MADE BY DYSLEXIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2021

8 Support costs

Support
costs
Governance
costs
£
£
Staff costs
11,768
-
Depreciation
839
-
Event and training costs
5,000
-
General office costs
2,664
-
Travel, subsistence and accommodation
81
-
Website costs
1,936
-
Insurance
778
-
Advertising in support of charitable activities
82,516
-
Copyright costs
16,280
-
Independent Examination fees
-
-
Bookkeeping and accountancy
-
10,061
Legal and professional
-
3,684
Administration costs
-
151
Bank charges
-
31
121,862
13,927
Analysed between
Charitable activities
121,862
13,927		 2021
Support
costs
Governance
costs
£
£
£
11,768
5,811
-
839
1,489
-
5,000
-
-
2,664
4,690
-
81
120
-
1,936
1,229
-
778
778
-
82,516
19,874
-
16,280
8,930
-
-
-
2,100
10,061
-
7,014
3,684
-
4,661
151
-
13
31
-
112
135,789
42,921
13,900
135,789
42,921
13,900		 2020
£
5,811
1,489
-
4,690
120
1,229
778
19,874
8,930
2,100
7,014
4,661
13
112
56,821
56,821

Where possible support and governance costs are allocated directly to the relevant charitable activity. Remaining costs are allocated on the basis of the ratio of resources expended (inclusive of capital costs) between the charitable activities.

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

MADE BY DYSLEXIA

9 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year. No Trustees expenses have been incurred during the year (2020 - nil).

10 Employees

The average monthly number of employees during the year was:

2021 2020
Number Number
2 1
Employment costs 2021 2020
£ £
Wages and salaries 99,562 51,250
Social security costs 11,859 5,663
Other pension costs 2,257 1,195
113,678 58,108

For the duration of the year, two members of staff were employed by the Charity (2020 - one).

The number of employees whose annual remuneration was more than £60,000 is as follows:

2021 2020
Number Number
£60,001 to £70,000 1 -

MADE BY DYSLEXIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

11
Tangible fixed assets
Cost
At 1 October 2020
At 30 September 2021
Depreciation and impairment
At 1 October 2020
Depreciation charged in the year
At 30 September 2021
Carrying amount
At 30 September 2021
At 30 September 2020
12
Debtors
Amounts falling due within one year:
Other debtors
13
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals		 Computers
£
2,978
2,978
2,139
839
2,978
-
839
2021
2020
£
£
-
9,209
2021
2020
£
£
4,626
1,554
19,257
10,001
499
499
22,077
94,601
46,459
106,655

MADE BY DYSLEXIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

14 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Transfers
Balance at		 Incoming Resources Balance at
1 October 2019 resources expended 1 October 2020 resources expended 30 September
2021
£ £ £ £
£		 £ £
£
Advanced Dyslexia Modules for Teachers 86,547 137,500 (224,329) 282
-		 - -
-

Advanced Dyslexia modules for teachers

To build on the development of teacher training resources the charity launched the production of advanced modules for teachers. This project is in keeping with the Charity's ambition to provide high quality training resources to teachers via an online platform to reach a world wide audience.

The charity wishes to acknowledge with appreciation the support provided by the J J Charitable Trust and the Oak Foundation for their financial support of these projects which were fully expended in the year to September 2020 .

MADE BY DYSLEXIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021

15 Related party transactions

Rumuneration of key management personnel

The key management personnel of the charity comprises of the Chief Executive Officer (CEO - Mrs K Griggs). The total remuneration for key management personnel during the year was £74,355 (2020 - £28,491).

Transactions with related parties

During the year the Charity entered into the following transactions with related parties:

Consulting f ees and book distribution

Over the course of the year expenses paid on behalf of Made By Dyslexia by Mrs K Griggs were reimbursed totalling £ 1,898 (20 20 - £1,607 ).

No consulting fees were paid to Mrs K Griggs following Mrs K Griggs' employment with the Charity from May 2020 ( 20 20 - £6,000) .

During the year Made By Dyslexia paid an external company for the printing of 15,240 books written by Mrs K Griggs which were used for live events and distributed free of charge in accordance with the charity's objectives. Mrs K Griggs received no financial benefit in respect of the above book production and distribution (2020 - £nil).

Music services

Mr T Griggs provides music services for Made By Dyslexia for events in addition to vodcast and podcasts. Mr T Griggs is the son of Mrs K Griggs (CEO). Ordinarily Mr T Griggs gifts his services free of charge to the charity. During the current year Mr T Griggs charged fees amounting to £2,000 for bespoke music services (2020 - £nil).

Online content

Innovision Events Limited has provided a number of services to the Charity inclusive of branding Made By Dyslexia's book, website design and teacher training films; the value of these services is £ 90,334 (2020 - £206,638) . This figure is inclusive of services provided on a pro bono basis as valued by the Board at £10,000 (2020 - £10,000) .

Mrs C Douglass, one of the Trustees, is a director of Innovision Events Limited.