The Hampshire Dyslexia Association IRe8lStered Charity Number 2650621 Tru5tees' Annual Report and Financial Ststements 31" March 2024
Hampshire Oyslexia Association Index to Financial Ststements For the year ended 31. Marth 2024 Page No: Legal and AdmFnistration Detsils Report of the Trustees Independent Examinerfs Report ststement of Financial Activities Balance Sheet 10 Notes to the Accounts
Hampshire Dyslexia Association Trustees, Annual Report For the year ended 31" March 2024 Legal and administrative details Trustees Susan McKenna (Chair) Jane Gaudie Mavis Kerrigan (resigned 9, September 20231 Jan Cuerden Helen Beesley Julia Barber Sarah Evans (resigned 9, September 20231 DW Greenwell (resigned 9 September 20231 Karen Cousins Bruce Gaudie Edwina Cole Francis McKenna The position of President is vacant. Principal Office Crosby Hall. 21 Ridgeway. 8roadstone. Dorset BH18 8DY Govefning Instrument Const4tution Irevised and adopted 14, June 20171 Charity Re8iStration 265062 Independent Examiner Carl Olsson MA {Cantsbl. ACI8, OipFS, MBA, Bay Tree Cottage, White Rose Lane, Wokin GU22 7JX Bankers Barclays Bank UK PLC. Leicester. LE87 2BB CCtA One Angel Lane. London EC4R 3A8
Hampshire DYslea Assooation Trustees. Annual Report For the year ended 31" March 2023 Strutture. Governance and Management Constitution The Hampshire Dyslexia Association IHOAI (The Charity) is a registered charity, Charity Commission number 265062. The charity was founded in the 1970s and is governed by its revised constitution adopted on 14, June 2017 and as further amended on Il, September 2018. Ooanisation The Trustees form the main governing body and meet at least six times per year. The day-to-day management of the charity is undertaken by the management committee comprising all the trustees and coopted members of the charity with relevant specialist skills. They are assisted by Brogenna, a services firrn providing meeting and membership administration. Recruitment and Training of Trustees It is the policy of the trustees to recruit new trustees as necessary to support the charity's activities. New trustees are coopted from the membership and their appointments are confirmed at the next Annual General Meeting. Trustees are provided with the guidance on the nature of trusteeship issued by the Charity Commission. All trustees are encouraged to undertake appropriate continuing professional development and the charity may cover reasonable costs. Risk Management ststement The trustees a responsible for the assessment and management of risk. This is set out in the charity's risk policy. HDA'S activities for manv yea have been the holding of event5 covering topics useful to its members, providing information and SiEnposting through its helpline and delivering services to members. These activities afe provided by knowledgeable members of the Management Committee and external experts. The charity's funds are maintsined in two financial institutions with controls in place as called for by the constitution and the institutions. Additional controls have been developed since the charity's cash assets increased substantially in the last financial year. The charity has no staff or premises. The charity has third party insurance cover. Objects. Aims and Objectives The HDA'S charitsble objects are set out in its constitution. These objects all relate to the topics of dyslexia, related learning difficulties and neurodiversity, through artivities such as membership services, holding and providing information to the public, holding meetings (via Zoom or Webinarsl, assisting any other bodies financially in the pursuit of such objectives and the promotion of research into dyslexia.
Hampshire Dyslexia Association Trustees, Annual Report Icontinuedl For the year ended 31" March 2024 The aim of the charity is to be a recognised and liable force in explaining dyslexia and to promote and develop a ranEe of useful interventions in Hampshire and the Isle of Wight With the receipt of substantial new funding in the last financial year, HDA'S objectives have broaden with its strategic outlook. A programme of grant giving was pursued during the year with various levels of fundin8 being provided to applicants who share the charity's aims of explaining dyslexia, to encourage professionals who are working within the fields of Special Educational Needs and neurodiversity and to indiwduals in serious need. To this effort, the charity has added capacity building to its specifrc interests, having identified the need to improve the skills and knowledge of teachers and increase the number of professionals engaged in SEN remediation. Achievements and Performance The result for the year was a deficit of £17.668 Iprevious year surplus £208,4S91, based on incoming resources of £10,2721£238,9941- This defiut would have been greater but for a refund of a grant given in the previous year of £I5,C. The trustee5 plan deficits of about £40,(KXI to £50,(LKI per year. In this way, the donation of £236.545 received from Stsnbridge Earls School Trust lin liquidation) ISESTI. which was described in detsil in last year's report, will be distributed in a timely manner. This donation was part of the final distribution of the SEST'S resources and it has now ceased to exist. Gross grant funding of £36.4501£28,0861 but shown net of the £15,fXXI refund in the Statement of Financial Artivit5es, was disbursed during the year for projects approved by the Trustees. During the year. further funding was given to a charity, closely aligned to HDA. which arfanges and carries out full diagnostic assessments on children and young persons identified as being financially restricted. HDA has made a forward commitment to support this charity fof the next two financial years. committing £20,IKXI per year. The other principal recipient of funding is a dynamic literacy charity in Gosport. In addition to these larger grants. smaller amounts of funding were granted to professionals to develop skills and explore innovative learning methods. There was a substantial increase in bank interest receipts, £9,136 against £966 the previous year, and this income has been added to the charity's unrestrirted fund. As a result. its bursary fund ha5 been intreased and during the year £2.335 was allocated to pay for assessments for individuals meeting laid-down criteria. These criteria apply to adults as well as young persons. The opportunity offered by the bursary fund will be more actlvity promoted in the current year. During the year. a revamping of the HDA website was stsrted, with funding frorn the SEST donation. The tharity carried on with its other activities during the year in addition to attivities related to the SEST funding. Therefore. the traditional affiliation with the British Dyslexia Association IBDAI was maintained, the BDA magazine. CtMtort, and the HDA Newsletter was sent to members and the helpline was in operation. The trustees held an away-day meeting in September 2023 to review the achievements funded by the SEST funding and to explore additional strategic options. Some of the consequences of these discussions are covered in this report.
Hampshire Dyslexia Ass(xiation Trustees, Annual Report Icontinuedl For the year ended 31" March 2024 Looking ahead, therefore, HDA will continue on its strdtegy with its five main headings. There will be some regrouping of activities within this structure to recognise the need for capacity building. This will focus the HDA on addressing some of the deficits, in the judgement of the Trustees, in the provision for Dyslexic people in the charivs geographical area: l. Assessments- expansion of the chariws bursary fund projett to fund 3s5essments for children on restrirted means. 2. Training- a rangè of interventions will be considered, from funding INSET days to the development of individual skills and qualifications in support of the charity's objectives and develop much needed capaoty to deliver appropriate training interventions. 3. The provision of assistive technology as it improves the life chances of individuals and group outcomes. 4. Individual projerts targeting specific areas of need, either carried out by the charity or through grants made to schools and other organisations sharing the charity's objects. 5. Renewal of HDA'S MISon and set-up, preparing the charity for thanges in its operating environment. For example. upgrading its website and adjusting to changes being made by the British Dyslexia Association affecting the affiliation status of Local Dyslexia Associations. Finanthal Revlew Financial overview The Ststement of Financial Activity is on page 8 of this ststement. Totsl receipts for the year amount to £25.27212023; £238,994) and totsl expenditure £42.94012023; £30,353). The deficit for the year was £17.66812023: £208,459 surplus) which decreased reserves at year end to £197,565. Of these funds. £50,(X)O is restricted and £147,565 unrestricted and available to the trustees. Reserves Policy The charity does not maintsin premises, employ staff or engage in activities which would lead to regular operational expenditure. On this bas15. the Trustees believe the maintenance of large reserves unnecessary and intend to utilise unrestrÈcted reserve funds in a timely manner, perhaps over three years. Firstly. because the charity is obligated to disburse charitsble funds received without undue delay. Secondly, suth is the scale of the deficits noted earlier in this report that the sooner remediation can begin the better the life chances of the charivs service users. This policy will be kept under review in a developing situation. Public benefit The Trustees consider that the tharity satisfies the requirements of settion 4 of the Charities Act 120111. in that its charitsble purpose aligns with the relief of those in need by reason of youth. age, ill-health. disability, financial hardship or other disadvantage. This public benefit is served by the information helpline, free to all, thfough the charitys training and assessment Servi$, and by its tsrgeted grant making tompatible with its charitsble objects.
Hampshire Dyslexia Association Trustees, Annual Report Icontinuedl For the year ended 31" March 2024 Going concern The trustees are of the opinion that the charity has adequate resources to continue operations for the foreseeable future and that there are no uncertsinties regarding the charity's ability to do so. Statement of Trustee5' Responsibilities The trustee5 are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practisel. The law applicable to charities in England and Wales requires the trustee5 to prepare financial statements for each financial year which give a true and fair view of the stste of affairs of the charity and of the intoming resources and application of resources of the charity for that. In preparing these financial statements. the trustees are required to: selert suitsble accounting policies and then apply them consistendy, Observe the methods and principles of the Charities SORP. Make judgments and estimates that are reasonable and prudent, stste whether applicable atcounting standards have been followed, subject to any material departures disclosed and explained in the financial ststements. Prepare the financial statements on an ongoing concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure the financial statements comply with the Charities Art 2011, the Charity (Accounts and Reports) Regulations 2tM)8 and the provisions of the HDA'S constitution. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the pvention and detection of fraud and other irregularities. Approved by the trustees on 17th July 2024 and signed as èuthorised on their behalf by,. Susan McKenna Jane Gaudie Chair Vice-chair
Independent Examiner's Report to the Trustees of the Hampshire Dyslexia Association I report to the charity trustees on my examination of the accounts of the charity for the year ending 31st March 2024 which are set out on pages 7-11. Respettive responsibilities of trustees and examiner I report in respect of my examination of the accounts carried out under settion 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 145151 B of the Act. Independent exarniners statement I have completed my examination. I confimi that no rnateri31 matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect.. the accounting fecords were not kept in accordan with section 139 of the Charities Act or the accounts did not accord with the accounting records or the accounts did not comply with the applicable requirements concerning the form aftd 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 Èndependent 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. Carl Olsson MAICantabl. ACIB, DipFS, MBA Independent Reviewer Date
Hampshire Dyslexia Association Statement of Financial Artivities For the year ended 31" March 2024 2024 2023 Total Incom• Donation5 197 197 236,613 meMbeIP subscnpbon5 1,415 Meetings & worksh¢¥ 59 59 Bank lrterest 9,136 9,136 966 TO Incomlng Resources 10.272 10,272 238,994 ExpdIre Charrtable Expenthtyre. Grants Inoie 21 Websrte deVdoPt Sundry Adrninistrati¥e & Governance. Mernbership fees InsuTan¢e Meetings & Workshops Office Expenses Travel 21.450 599 21,450 599 2,335 28,086 2.335 445 149 987 1.674 149 445 149 987 1,674 301 435 157 1.030 336 491 152 Totsl Charltable ExpendTrtuM 5,739 22.201 30,535 Net incoming reswr¢es 4.533 122.2011 117,F&81 208.459 Fund balarKes blfvld 6.938 158.297 50,C4JO 215,233 6,774 Fund balances ¢ll*
Hampshire Dyslexia Association Balance Sheet For the year ended 31 March 2024 2024 2023 Curr•nt Asset• Cash in Bank and In Hand." COIF deposit COUnts Bardays Bank PayP 1.352 10.955 258 182.436 32.797 Net CurrentAss•ts Funds Unre5thcted Fund DeSiated Fund Restricted Fund 11.469 1%.096 6.936 15B.297 50,ory) 197.565 215.233 Approved by the Trustees on 17th July 2024 and signed as authorised on their behalf by Susan McKenna Jane Gaudi Chair Vice(hair
Hampshire Dyslexia Association Notes to the Financial Accounts Year ended 31. March 2024 l.Accounting Policies al Basis of Accounting The financial statements have been prepared and a receipts and payments basis and in accordance with Accounting and Reporting by Charities.. Ststement of RecommÈnded Practise applicable to charities preparEng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021 revised January 2022. bl Going Concern The trustees consider there a no material uncertainties about the funds ability to continue as a going concern. The review of our financial position, reserves level and future plans give trustees confidence the charity rernains a going concem for the foreseeable future. cl Legacies, Donations and Grants Donations are recognised when receivable or when the fund becomes legally entitled to them and they can reasonably measured in finartcial terms. dl Taxation As a registered charity, HDA a exempt from income tax corporation tax and capitsl gains tsx derived from its charitsble artivities. el Expenditure Direct charitable expenditure consists of all committed expenditu directly relating to the objects of the charity. Office costs indude general administration. external professional secreLirial services and expenditure on management and compliance with constitutional and statutory reqU1mentS. fl Fund Accounting Unrestricted funds comprise accum4Jlated surpluses and interest received on bank balances. Thev are available for use at the dsscretion of the trustees in furtherance of the general charitable objerts. Designated funds are funds set aside by the trustee for specific purposes. Restricted funds are used for specific purposes as stated by the donor. gl Cash and Cash Equivalents Cash and cash equivalents includes cash and short term liquid investments with short term maturity of three months or less from the date of acquisition or opening of the deposit or similar account. h) Estimates and Judgments Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that ère believed to be reasonable under the circumstafttes. AlthouRh these estimates are based on the trustees, best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. io
il Financial Instruments The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, induding trade and other debtors and creditors are initially recognised at transaction value and subsequently measured at their settlement value. kl Cash Flow Statement In accordance with Sertion 7.IB of FRS 102. the charity is claiming exemption from the requirement to prepare a cash flow st3tement on account of its size. 2 Analysis of Grants- from designated funds 2024 2023 Jan Cuerden Tutors 360 410 Helen Arkell Dyslexia Charity Literacy Hub. Portsmouth 20,(KK) 5,795 6,881 Hampshire Youth Offendin8 Team ANND 115,(X(Il' 1S,CQO 720 Dekko Comics 1,450 Individual Training & Development Grants 4,380 21,4SO 28,086 The grant made to Hampshire Youth Offending Team in 2023 was returned during the year to 31" March 2024. 3 Restritted Funds Opening Balance Incoming Outgoing Balance at 31" I" April 2023 Resources Resources March 2024 SEST 50.(XX) s0,cKK) 4 Designated Funds SEST 158,297 15,CKK) 37,201 136.096 The entire donation from SEST, less the restricted element of £50,(K#J, in a designated fund. Grants and administr3tÈve expenses relating to these grants will be dedutted from this fund. li
51 Ultimate Controlling Party The charity was under the control of the Trustees during the period under review. 61 Allocation of Assets Current Current Assets Liabilities Totsl Restricted Funds NIL 50.IM) Designated Fund5 136,096 NIL 136,096 UnrestriLted Funds 11,469 NIL 11.469 Totsl Net Assets 197,565 NIL 197.565 Prlor Year: Restritted Funds NIL 50.¢XKI Designated Funds 158,297 NIL 158,297 Unrestricted Funds 6,936 NIL 6,936 Total Net A55ets 215.233 NIL 215,233 71 Transaction with Trustees Two trustees received a total of £61012023- £410) to delFver trainir4g oft behalf of the charity. Trustees claimed a totsl of £30212023- £491) in trdvel expenses in connection with attending meetings and assessing projects. 12