Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..34 GMTIUTC +0) 0 2M P 1144 Registered number: 01830587 Charity number.. 289243 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..35 GMTIUTC +0) 0 2M P 2144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). CONTENTS. Page Reference and administrative details of the Charity, its Trustees and advisers. Chainnan's statement Trustees. report. 6-15 Independent auditor's report on the financial statements. 16-20 Consolidated statement of financial activities. 21-22 Consolidated balance sheet. 23 Charity balance sheet. 24 Consolidated statement of cash flows. 25 Notes to tho financial 8tat8ments. 26-42 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..35 GMTIUTC +0) 0 2M P 3144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). REFERENCE AND ADMINISTRATIVE DET￿Ls OF THE CHARffY, ITS TRUSTEES. AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021. Trustees. Gillian Audley {resigned 21 August 2020} Michelle Catterson., Wice Chair (since 12 September 20211 (appointed 12 September 20201 Liane Cockram. Vice Chair (up to 12 September 2021) {resigned 12 September 20211 Fay Dutton. (resigned 12 September 2021) Patrick Elliot. Colin Gallick, Chair (appointed 1 July 2020} Delia Hazell, Jeff Hughes (resigned 13 March 2021) Michael Johnson (resigned 3 June 20201 Patrick Keaveney (resigned 5 June 2021) Tim Neale, Mark Sherin. Arran Smith. (appointed 12 September 2020) Georgia Niolaki (appointed 13 March 2021 } Helen Ross (appointed 13 March 20211 Suzanne Edmond (appointed 24 February 2021) Company rogistorod number. 01830587 Charity registered number. 289243 Registered office. Unit 6a Bracknell Beeches Old Bracknell Lane Bracknell RG12 7BW Independent auditor. James Cowper Kreston Chartered Accountants Reading Bridge House George Street Reading Berkshire RG18LS Page 1 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..36 GMTIUTC +0) 0 2M P 4144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARTfY, ITS TRUSTEES. AND ADVISERS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021. Bankers. Barclays Bank p.l.c Reading Branch Mid Thames Group P.0. Box 27 Reading, RG12HD. National Westminster Bank p.l.c Henley-on-Thames Branch 18 Marf(et Place Henley-on-Thames OXON. RG9 2AP. Lloyds TSB Bank p.l.c 1 Market Place Reading, RG12EQ. Solicitors Wansbroughs Solicttors Devizes Northgate House Devizes Wiltshire SN10 1JX. Executive Officers: Chief Ex8CUtivo: Helen Boden (until 23 June 20201 Nick Posford (from 1 September 2020. until July 2021) Gillian Ashley (from Juoly 20211 President: The Lord Addington Vice Presidents: Diana Baring. Tim Caiger, Professor Angela Faw￿tt. Lady Jane Lloyd, Professor Kevin Morley, lan Smith, Sir Jackie Stewart OBE. Anne Watts CBE. Professor Joel Talcott, Sharon Hodgson MP. Henry Smith MP Page 2 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..51..37 GMTIUTC +0) 0 2M P 5144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2021 The chaimian presents his statement for the year. Despite a highly competitive marketplace. the BDA'S performance continued to be strong during the elve months of Ihis report. Despite the economic environment. we were able to continue making advances in our mission to create a world which is dyslexia friendly. The BDA'S key achievements are listed below, with reference lo the Charity's objects and purposes. Campaign and lobby for long lasting and sustainable change for the b8nefit of dyslexic people. The BDA organises and runs the All Paty Parliamentary Group (APPG} for Dyslexia and attends numerous consultation events. at its own expense, to lobby to ensure that individuals who are dyslexic have a Vol￿ within the arena of policy development. We joined over 140 organisations in a call to all political parties to put children and young people at the heart of the General Election. Our work as Secretariat of the APPG for Dyslexia and other SpLDs has been an amazing opportunity to bring logether the dyslexic community to help legislators better understsnd the direcl and indirect challenges and abilities of dyslexia. This included the publication of a report on The Human Cost of Dyslexia. The report is the first to look exclusively at the psychological and emotional impact of dyslexia on individuals and families. During this period the BDA successfvlly ensure¢J important changes lo UK driving theory tests, which came into effect in April 2020. Video clips replace written scenarios to make them more accessible. Following the changes, leamers will be asked three questions after watching a driving clip of up to 30 seconds. This was part of our ongoing work with DVSA to improve accessibility for people with dyslexia. We were involved in reviewing KS1 test papers for the Standards and Testing agency at the Department for Educalion. This was a really valuable exercise and ensured test papers are as accessible as they can be for learners with a variety of neurodiverse conditions- the panel of test reviewers consisted of inclusion experts in all areas, and looked at the wording of the question, the layout and style and made suggestions as to how it could be changed to make it more aC￿SSible. We worked with JCQ to make it more straight rorward for dyslexics to get a readerlcomputer reader for exams. with Ihe intention to encourage more schools lo invest in providing laptops for dyslexic pupils. establishing text-to-speech technology as part of their normal way of working. It will also mean the pupil will get used to working in a way that is reflective of the workpla￿, where text-tcpspeech sofvare is mainstream. Provide impartial and objective advice and support to dyslexic people and those with whom they come into contact. We launched Empowered Parents, a guide on how to worf( collaboratively with schools and if parents feel the school is not meeting their child's needs, how to apply for an Education, Health and Care Plan {EHCP) to give a legally binding support proposal, as well as prath'cal advice on supporting a child with dyslexia at home. With around a million young people in education who are dyslexic and at least 80 per￿n1 of those undiagnosed. this ple￿ of work potentially creates vast numbers of parents enabled to pursue what the law entilles them to. We worked with leading online parenting forum Mumsnet and expert in parenting dyslexia John Hicks to produ￿ What Is Dyslexia And What Are The Symptoms? _ a quick video guide to what is dyslexia. how to support it. and what help is available and how to access it. Page 3 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..36 GMTIUTC +0) 0 2M P 6144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). CHAIRMAN'S STATEMENT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 We intrOdU￿d our Assured scheme to help people with dyslexia. their families and sector professionals find products relevant to them. The scheme does not review, endorse or recommend specific products. but is open to all and is checked by British Dyslexia Association to confimi, based on Ihe evidence provided. we are happy to say they may be effeclive identifying or supporting dyslexia if used as intended, are developed fiom generally ac￿pIed and well-established science and make marketing claims that accurately reflect what a user can expect. Our assessment services are now a significant offering wth coverage across England and Wales so that we can ensure that individuals of all ages get the very best diagnostic and Workpla￿ needs assessments at reasonable costs. We supported Mersey Care NHS Trust with launch of their dyslexia and dyspraxia ne￿Ort{. Dyslexia ne￿orkS provide a safe Pla￿ for people to meet and discuss the issues that are affecting them, tap into peer support, decompress, share tips and ideas and be open about the challenges and concerns that they might have. They are also a vehicle for change providing a united voice working wrth others to improve and mainstream best practice to support dyslexic and other neuro-diverse individuals. They are good for employees to reduce stress and anxiety and great for employers to supporl their employees effectively leading to a workforce that feels valued. Sat the standards for and accredit dyslexia knowlodgo and professional 8xp8rtise. We continued to accredit courses for specialist teachers to study and for their competence to be recognised through our awards of AMBDA and ATS. The BDA also issues Assessment Practising Certificates and Teaching Practising Certificates for professionals within the field. We are working with many organisations meeting our standards for dyslexia friendly policies and practice. including our Quality Mark award for schools_ The Quality Mark philosophy is that changing practice to accommodate dyslexic individuals results in good practice for everyone. Our Dyslexia Friendly Quality Mark provides a framework of support and understanding to ensure that everyone within a school or organisation understands the needs of the dyslexic individual and that appropriate resources and strategies for support are available. This in tum is likely to lead to greater levels of achievement for everyone. This award is only issued to schools or organisations thal can demonstrate that they provide high quality education andlor practice for dyslexic individuals. BDA courses at both L5 and L7 have been approved by the University of Chester. This means thal our candidates are able to progress from our L7 Dyslexia course to complete an MA in Dyslexia Research and Practice wth the University of Chester. Our candidates completing our L5 Dyscalculia course can progress to Chester to complete their L7 and MA in Dyscalculia Research and Practice. Disseminate and share best practice regionally, nationally and internationally. Promote research. We ran several successful education cOnferen￿S along with a wde range of webinars. We held a conference on Dyslexia & Dyscalculia. Empowering Adults in London. Highlights included insights into the experiences of adults who are dyscalculic and the impact that it can have on their daily lives, new findings on the value of dyslexic thinking within the workplace, a demonstration of the accessibility technology built into Microsoft and an overall focus on empowerrng dyslexics to reach their potential and explored the importance of a neuro-diverse workplace in temis of the benefits il brings to employers. Page 4 TransadiDn Ref. ZV394J2XN-ZJ88 (& Feb 2022 08..51..39 GMT{UTC +0) D 214 P 7144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guaranteel- CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 On Thursday 26 September. Dyslexia Creates 2019 took over the V&A's Lydia and Manfred Gorvy Lecture Theatre to explore the creative power of dyslexia and how to increase its contribution to the UK. The event saw presentations exploring a new theory on why dyslexia evolved and its role in groups. the creative power of dyslexia and how dyslexics think differently and how dyslexia has shaped success. This was once again a busy year wth our staff and volunteers achieving a huge amount for dyslexic people. We continued to run a very prudent financial plan throughout the year to mitigate the risks of continued austerity within the UK and the lack of funding for projects into the next year. This has meant that we have again finished the year in a sound financial situation but we remain graleful to all our supporters and everyone who has donated to help us achieve our aim of a dyslexia friendly society. Colin Gallick Chair Date" 08 February 2022 Page 5 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1.'40 GMTIUTC +0) 0 2M P 8144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Truslees present their annual report togelher with the audited financial slatements of the Charity for the year 1 April 2020 to 31 March 2021. The annual report seNes the purposes of both a Trustees, report and a directors, report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS1021 (effective 1 January 20151 as amended by Update Bulletin 1 (effective January 2015). Since the group and the Charity qualify as small under section 383 of the Companies Ad 2006, the group strategic report required of medium and large companies under the Companies Act 2006 {Stralegic Report and Directors, Report} Regulations 2013 has been omitted. Structure* governance and management The Chartty was incorporated on 5 July 1984 and is govemed by its Memorandum and Articles of Association which were last amended by a special resolution dated 15 November 2009 in which support groups were amalgamated into Local Dyslexia Associations. The Board of Trustees is made up of not less than ten and not more than fourteen people comprising.. Chaimian nominated by the Board by reason of possessing skills considered ne￿SSary and appointed in general meeting.. four individuals drawn from the members of the Local Associations., three individuals drawn from the Individual Members., o individuals drawn from the members of the Organisational Members-, up to four individuals co-opted by the Board by reason of possessing skills considered ne￿sSary including a Treasurer and a legally qualified person. The Board of Trustees are responsible for the overall governan￿ of the Charity and have the right to exercise all the powers of the charity subject to the provisions of the Companies Act 2006. the Memorandum and Articles and directions given by special resolution. Trustees are required to meet four times a year. They review strategy and operational performance and agree operating plans and budgets. The BDA Senior Management Team attend meetings when required. New Trustees receive an induction which includes fa￿-tO-fa￿ training and a pack which contains extensive infomiation to help them understand whal is required of them and to facilitate effective performance. The Board delegates the exercise of certain powers in connection wilh the management and administration of the charty as set OLrt below. This is controlled by requiring regular reporting back to the Board, so that all decisions made under delegated powers can be ratified by the full Board in due course. All minutes are tabled at Board meetings. Finance Committee. The Finan￿ Committee meet On￿ a quarter. and comprises the Honorary Treasurer. Chair. Chief Executive and Chief Operating Officer. Page 6 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1.'40 GMTIUTC +0) 0 2M P 9144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Local Association Board. The Local Association Board {LAB) established under a Byelaw made by the Board continues to be the regular link be￿een the ne￿Ork of Local Dyslexia Associations across England, Wales and Northem Ireland and the Trustee body. It has up to 24 representatives including alternates who meet regulady and represent Local A550ciations. They discuss ideas and conceins covering all ages and all aspects of dyslexia in Education, Employment and the Community- It nominates four candidates for Trusteeship when they arise. Several of its members are dyslexic themselves which helps them to understand the issues and their impact. Organisational Members Committee. The Supporting Corporate Members Committee provided for in the fomer constitution ceased to exist formally when that constitution was repla￿d. The Board has discussed the position with representatives of the Organisational Members and passed a Byelaw in October 2007 to constitute an Organisational Members Committee which will be a forum for those members. Work is in progress on the re*stablishment of the Committee. Accreditation Board. In educational terms. the Accreditation Board underpins the highest-level wort( of the BDA. Accreditation. through this Board, is recognised as the accolade in teacher training internationally and is held in high regard by UK government bodies. The constituts'on of the accreditation board is described in a byelaw passed in Septembef 2018. Cu￿ently, the BDA Accreditstion Board fulfils a number of different roles and functions: It awards individual qualifications to those who successfully complete accredited courses. It accredits courses based on detailed assessment of course content and. on inspection visits- It actively works with academic institutions in order to develop courses- It issues assessment and teaching practising certificates., It sels slandards and criteria. Athiisory Groups. There are a number of Advisory Groups who provide the Trustees with expert information as well as assists-ng the Charity with its Work. They are.. i) New Technologies Committee which works to raise awareness of infomiation and communication technologies (ICT} for dyslexia. Members of the committee attend three meetings a year. Part of their remit is to raise the profile of the use of ICT in society to support dyslexic people. Committee members give talks with demonstrab'ons. write articles and take part in events and exhibitions. They promote the potential of ICT in helping to overcome the challenges faced by dyslexic people. A senior staff member of the BDA team attends committee meetings. ii) The Music Committee, which is also known as BDA Music, supports the BDA Helpline with advice on all music related issues and also directs people enquiring about drama and dance to relevant specialists. It has good links with the music examination boards {particularly the Associated Board of the Royal Schools of Music and Trinity College) and other specialist organisations, including the Musicians, Union. It produces a bi-annual newsletter and an information booklet (available electronically and as a printed book) and contributes to the BDA website. A senior staff member liaises with the committee. Page 7 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..51..41 GMTIUTC +0) 0 2M P 10144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 iii) The Maths Learning Difficullies and Dyscalculia Committee which works to raise awareness of dyscalculia. Members of the committee produce information on the nature, idents'fication and support of dyscalculia. A senior staff member of the BDA team attends the meet'ngs. iv) Academic Advisory Committee which is made of experts in dyslexia who contribute to consultations and offer guidance on academic queries dealt with by the BDA. The committee operates by remote communication {e.g. email. phone). A senior member of staff coordinates the activities of the committee. v) The BDA Creative Committee. The commitlee aims to meet about 3 limes a year. with the aim of showcasing the creative work of dyslexic individuals of all ages. A BDA senior staff member attends these meetings. vi} The Cultural Perspectives Committee. This is aiming to break down barriers to dyslexia awareness within diverse communities. vill Fundraising Committee. The committee aims to meet about 3 times a year, with the aim of developing a fundraising strategy and working within the overarching strategy to increase fundraising activity and followers. vili} Education Committee. The committee aims to meet about 4 times a year with the aim of supporting the charity with the development of educational activity which can be accessed free to parents, support Dyslexia Awareness Week and assists the CEO in developing a bursary system for assessments. viiii} HR Committee. This committee has met 4 times a year and has underlaken the key decisions in consideration of what HR time is needed by the organisation and what level of experien￿ is required from a HR specialist. The committee wll conb'nue to meet to support the HR staff member in the development of charity wide processes. x) Govemance Committee. The committee will meet 4 times a year. The main aim is to redraft the consts-tution to enable the charity to operate with a fit for purpose document. xi) Adult and workpla￿ Committee. This cornmittee will meet 3 times a year. The main aim is to support the work the charity undertakes with adults. Key themes will be looked at to remain current in support. Management. The Chief Executive is responsible for the day to day management of the Charity's affairs and for implementing policies agreed by the Board of Trustees. The Chief Executive is assisted by the Senior Management Team. Group Structure. The charity has a wholly owned non-charilable subsidiary- BDA (Initiatives) Limited. It carries out non- charitable trading activities to raise funds for the Charty- Corporate Gov8rnanc8. Internal controls over all forms of commitment and expenditure continue to be refined to improve efficiency. Processes are in place to ensure that performance is monitored, and that appropriate Page 8 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..51..42 GMTIUTC +0) 0 2M P 11M4 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 management information is prepared and reviewed regularly by both the executive, senior management and the Board of Trustees. The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. They include= a strategic plan and annual budget approved by the Trustees., regular consideration by the Trustees of financial results. varian￿S from budgets. nonfinancial- performance indicators and benchmarking reviews., delegation of day-to-day management authority and segregation of duties- and identification and management of risks. Risk Management. The Trustees have developed a risk management process to assess and manage the business risks. This is updated annually. Where appropriate. systems or procedures have been established to mitigate the risks the charity faces. Significant external risks to funding have been taken inlo account in the three-year Strategic Plan which provides for the diversification of fvnding activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions. Procedures are in place to ensure compliance with heallh and safety of staff, volunteers, clients and visitors to the Bracknell Offices or Headquarters. Remuneration of key management. Salary bands are operated throughout the BDA, including key management personnel. based on a number of factors, including levels of responsibility. These bands are monitored by the Trustees. Objects, Stratogic Objectivos and Principal Activities of th8 Charity The current constitution, which was adopted at an Extraordinary General Meeting of the Charity in May 2005. allows for a membership organisation in which there are three classes of member= Local Associations- Individual members- and Organisational Members (any organisation which wishes to support the Charity). The constitution allows the Board to make administrative arrangements under the constitution by means of Bye Laws which have to be published as the Board thinks fit, and which can be amended or annulled by a majority vote in a general meeting. So far. the Board has made a Byelaw in relation to= Local Associations {whose effect was to reproduce the previous arrangements relating to them)- and a subsequent amendment to that byelaw in December 2006 allowing the trustee representation from the local associations to be nominated by the Local Association Board- Organisational Members committee whose purpose is to provide for debate conceming matters relating to Organisational Members. to improve communication be￿een the British Dyslexia Association and Organisats-onal Members. It also allows for the committee to nominate trustees from the Organisational Members section of the membership. In 2011 the BDA extended Individual Membership to include categories of Professional Membership. In 2011 the BDA also launched a Shared Membership Scheme in partnership with Page 9 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1.'43 GMTIUTC +0) 0 2M P 12144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Local Associab"ons. as an added benefft to Local Association5 and their members. In 2018 the BDA fom)alised the ftjnctions and structure of the Accreditation Board through a byelaw. The Chanty's Objecls are: 'lo advance the education of dyslexic people of all ages in relation to all aspects of dyslexia and related conditions. and to conduct research for the public benefrt into the problems of dyslexia and related conditions and to disseminate the results of such research. Strategic Objeclives. The BDA aims to bring about a Dyslexia Friendly Society. Within this overall aim. the BDA Management Board has specified the following key goals for the three-year period commencing 15 September 2017" To build awareness of dyslexia in all sectors of society. emphasizing strengths as well as the challenges of dyslexia and related neuro-diwerse conditions, at all ages. Promoting early and rapid idenlification of dyslexic difficullies for all in society. Availability of effective. accessible and appropriate teaching provision for all dyslexic children. young people and adults. To develop a BDA distance leaming system using technology to teach reading. spelling and writing. Availability of appropriate, accessible assessments for all dyslexic children, young people and adults. Reasonable adjustments for dyslexic individuals within all sectors of society (including education. employment. training and the criminal justice system}. Infomiation available and accessible for dyslexic individuals across the age ranges and sectors, and for those who support them, about effective strategies to both help overcome dyslexia related difficutties. and to maximise their strengths. These goals have been translated into Speci￿ objectives which are described in detsil within our business plan. Activities to complete BDA goals. BDA undertakes a range of activities to meet the BDA goals. including- ns the national Helpline for those seeking free advi￿ concerning dyslexia and related conditions: provides assessments and training nationally.. accredits the training that specialist teachers undertake, and has formal systems for recognising their individual competence- has a registered quality mark to recognise organisations who are contributing to establishing a dyslexia friendly society., runs many events and creates publications lo disseminate research findings and best practice- has several thematic committees run by volunteers to achieve its aims in different sectors- collaborates with Local Dyslexia Associations to achieve its aims in different locations. Page 10 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1.'43 GMTIUTC +0) 0 2M P 13144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 The BDA is fortunate to work alongside 50 affiliated Local Dyslexia Associations leach is a separate charity) and their support and assistan￿ Working tcoether to meet the aims of the BDA is greatly appreciated and valued. The criteria Imeasures used to assass success in the reporting period. Success will be monitored and measured through a number of ways. including reporting both with outcome dala and against financial budgets. including description and narrative to the CEO and Management Board of Trustees at regular intervals. Financial reporting mechanisms include internal processes and the overseeing of a financial committee which includes the Joint Chairs of the Trustees and a Trustee with financial expertise. Public Benefit Statement. The Trustees are particularly concemed to ensure that the Charity's objectives and work, benefit the public and meet the spirit, as well as the recommendations of the Charity Commission's guidance on Public Benefit. The BDA'S services are open to all and efforts are made to ensure that accessibility is constantly considered. Services such as the National Helpline, the guidance and information sheets on the website are provided for free. We are grateful to have some donated funding for the Helpline, but it is largely paid for through areas where we can make a charge such as training. conferencing and publications. In addition. whilst there are charges for our professional services, we also try to ensure that there is provision for the poor, especially those who are dyslexic and impoverished. Thus, we have provided some places on our training courses for delegates who are unable to pay and bursaries for assessments. The charity is a membership organisation and for a small fee individuals and organisalions can join. There are around 50 Local Dyslexia Associations (LDAS) who provide many free services al grass roots level and have their own members. These Associations pay a small charge to be affiliated to the BDA but re￿1ve benefits from the BDA which increase their capacity and this Work is subsidised by BDA. We now offer these members shared membership of BDA. They can access a Certified Helpliner Training package which was undertaken at no charge and one of its aims is to stimulate recruitment and retention of more volunteers within our LDAS. We continue to offer access to some free webinars and free resources for parents, teacher trainers. teachers, Youth Offending Teams and others, which can be downloaded from our website or provided on request. The BDA worf(s towards creating a dyslexia friendly society and in achieving this aim, it makes recommendations on policy and practice. This means working with Government and other decision- making bodies, providing experl stsff for free tD ensure that appropriate decisions are taken. These recommendations stem from research and experien￿ and the BDA disseminates this information as dely as possible. As many of the initiatives that improve lives for dyslexic people. also significantly benefit those without dyslexia. this is a gain for all in society. The BDA has an increasing reach through social media and provides a free electronic newsletter periodically to anyone who wishes to get it. In this way we are able to spread awareness and useful information. The BDA does make a charge for some services such as attending a conference or training event, but these fees are kept to a minimum. Any resulting income is used to support other ath'vities which are provided for free and affect those who are the most vulnerable in society- The BDA has a strong base in volunteering, in addits-on to the Trustees. The Helpline has a rota of Page 11 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..44 GMTIUTC +0) 0 2M P 14144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 volunteers to help to cover the phones and email, there are also volunteers who help with other services and who run events to disseminate infomiation and research. The Accreditation Board is also assisted by volunteers who have provided the accreditation process for universities and colleges to run specialist teacher training courses. Our New Technologies Committee is also staffed by volunteers. They review new technology and publish this information which creates awareness of products and sofvare which may be helpful to dyslexic individuals. The Music Committee also provides guidance for music teachers and educators on dyslexia friendly teaching. The other BDA Coimmittees are also populated by volunteers, providing information and activities to raise awareness and also some highly expert materials that support the mission ofthe BDA. The BDA works with a number of partners including Dyslexia Scotland, the European Dyslexia Association and other dyslexia associations around the world and is the secretariat for the APPG on dyslexia and other SpLDs. The BDA'S activities are financially accounted for through the charity and the trading company- BDA {Iniliatives) Limited. The Consolidated Balance Sheet show the split be￿een the "Group" and the "Charity". The trustees have complied with the duty in section 17(5} of the charities Act 2011 to have due regard to public benefit guidance published by the Commission. Achievements, Financial Performance and Future Plans For a summary of key achievements. please see chair's introduction. Financial highlights. Training has increased in income to £635,350 (2020.. £557,531 }- The move to fully e-learning and remote reduced costs such as hiring a venue. travel, lunch for the clients which have meant less oulgoings. During Covid we saw a rise in people taking up Ihe courses which could also explain the rise in income. This has continued with accredited courses recruiting well in 2021. Accreditation had decreased as a result of to £132.12712020-. £177,616). This is due to a change from Professional membership to AMBDA membership in 2020 and was linked to professionals showing they were active wilh their CPD. After the inilial flurry in 2020. the increase of professionals tsking the membership has drDpped. The Assessment seNice saw a drop in income to £486,667 {2020" £683.4541. The decrease is as a result of the service having to close during lockdown. The BDA made the decision that they could not guarantee the Assessors or the clients safety. The service reopened in July 2020 through to October. The setvice was then reduced to lower tier areas only from October to De￿Mber. Thi5 led to a reduction in assessments being carried out. In January. the BDA made changed the service to BDA Approved Assessors rather than BDA Assessments and this enabled Assessors to make the decision to continue assessing if they could meet the government guidelines. Simultaneously, the BDA campaigned for Remote Assessments to be accepted and in March 2021 Ihey were. This meant that Assessors could opt to assess remotely. From January 2021 the Servi￿ resumed. Page 12 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..45 GMTIUTC +0) 0 2M P 1&44 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Reserves Policy. The holding of general reseNes is intended to reduce the risk of organisational disruption resulting from an interruption in income or other busines5 risks. The BDA reserves policy is to retain 3 months of unrestricted expenditure. The reserves tsrget set previously was £803.784. This was achieved as our unrestricted reserves ended the year at £860,705. Relaled party Transactions. Transactions be￿een BDA and BDAII) Ltd, its subsidiary undertaking. have been disclosed and are included in these consolidated accounts. Other related party transactions have been disclosed in the consolidated accounts. Appreciation of Support. Trustees wish to express their gratitude to all those who have supported the charity during the course of the year. particularly the Trustees and staff of the trusts and other ftjnders who have provided the finance and those who have provided voluntary support in kind. The following donations have provided support In excess of £1,000: Ernest Hecht Charitable Trust Made in 2010 Limited Risks and planslstrategies to reduce these: Four risks are identified as follows= Risk 1= Lack of continuance in the stream of project funding. Plan- The BDA has a successful stralegy of teaming with other stakeholders in the sector to submit bids and deliver projects where the scale of the project would benefit from this. The BDA will continue to build such alliances as well as bidding for other projects as a separate organisation. The BDA takes pride in a robust project delivery reputation for delivering key performance indicators on kn'me and to budget. This is achieved through rigorous project monitoring and management. The BDA will continue to target a wide range of potential funding bids for suitable project funding. where Ihis will meet BDA aims and increase reach. Resource allocats'ons will be in line with the project requirements. without assuming continuance of funding 8fter the initial allocated project period The BDA continues to build up a range of activities with a commercial element, e.g_ training, cOnferen￿S and publicats-on sales, in order to guard against the uncertainty of future project funding, which is subject to availability and not guaranteed at the point of application. Risk 2- Downturn in income from trading activities due to weak economic environment. Plan- In the current economic environment of uncertainty and cuts. companies. schools and individuals who are the main purchasers of BDA activities {including membership, accreditation services. training, cOnferen￿S and publications), may be less likely to be able to afford to purchase. The BDA has a number of strategies to mitigate against this. including developing new. innovative services. e.g. BDA e-leaming training. which meets customer needs for being affordable and easy to fit into busy lrfestyles. Page 13 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..46 GMTIUTC +0) 0 2M P 16144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 BDA wishes to maximise reach for our charitsble objectives and where possible periodically offers special deals {e.g. on publications duting dyslexia awareness week). to sts'mulate interest and spread valuable awareness infomiation. Increasing use of social media for reach and advertising purposes is a further strategy. which meets BDA aims but also contributes to some revenue streams. Risk 3- Fundraising income negatively affected by economic environment. Plan= The BDA is seeking to build up fvndraising activities and supporters. with a view to long-term engagement and event planning. as well as maximi5ing other mechanisms for donating. for both regular giving and one-off donations The BDA is very grateful to both financial contributors and volunteers who support these activities. Risk 4- Covid When the Coronavirus pandemic took hold in March 2020, we looked at areas that would be affected and look measures such as the furfough scheme and reduced cosls wherever possible. We also looked at enhancing our productslservices offer and were quick at developing our virtual training to offset the loss we would get from not being able to deliver face to face training. This has proved a great success and we continue to look at different offerings to ensure minimal impact on the charity for the year ahead. By the end of 2020, despite a bumpy year, the charity remained in a stable financial position with some areas surpassing budget targets to offset underperformance in those areas affected by social distancing and other measures. New areas of work have been developed which extend our commercial services and can be run remotely. With the shift across the economy towards homeworking and greater use of technology. the BDA continues to look at new ways of delivering against our objectives and how we can make better use of digital technologies to reach and support more people with dyslexia. We will continue to identify opportunities to counter the economic impact of Covid19 and keep our finances sustsinable and we do not feel that this has affected our going concem status. Future plans. The BDA will continue to work towards building a dyslexia friendly society. Where practicable, this would encompass the 'universal design. COn￿pt, where all things in society are designed to be dyslexia friendly rather than having to be subsequently adapted to become so. The BDA plans to continue its existing aims and objectives, and activity areas (as detailed above), increasing reach as much as possible for the benefit of dyslexic individuals across the age ranges. Within this overall theme, BDA will adapt a5 necessary to the environment. opportunities and challenges that the future may present. The trustees agreed in 2020 to develop a new set of goals (last goals were set in 2017) and a new strategy to start in 2021 and take the charity through its 501h anniversary in 2022. Page 14 TransadiDn Ref. ZV394J2XN-ZJ88 (& Feb 2022 08..51.'47 GMT{UTC +0) D 214 P 17A4 BRITISH DYSLEXIA ASSOCIATION IA company limited by guaranteel- TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Approved by order of the members of the board of Trustees and signed on their behalf by= Colin Gallick Chair Date" 08 February 2022 Page 15 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..48 GMTIUTC +0) 0 2M P 18144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITISH DYSLEXIA ASSOCIATION Opinton. We have audited the financial statements of British Dyslexia Association (the 'parent charitable company,) and its subsidiaries (the 'group') for the year ended 31 March 2021 which comprise the Consolidated stalement of financial activities. the consolidated balance sheet, the charty balan sheet, the consolidated statement of cash flows and the related notes. including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally AC￿pted Accounts-ng Practice). In our opinion the financial 5tatements= give a true and fair view of the stste of the Group's and of the parent charitable company's affairs as at 31 March 2021 and of the Group's incoming resources and application of resources, including its income and expenditure for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice", and have been prepared in accordan￿ with the requirements of the Companies Act 2006 and the Charities Act 2011. Basis for opinion. We conducted our audit in accordance with International Standards on Auditing {UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independenl of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom. including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern. In auditing the financial statements. we have concluded that the Trustees, use of the going cOn￿M basis of accounting in the preparation of the financial stalements is appropriate. Based on the work we have perfoTTned, we have not identified any mateiial uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the Group's or the parent charilable company's ability to conlinue as a going concem for a perii)d of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees wth respect to going con￿rn are described in the relevant sections of this report. Page 16 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..51..49 GMTIUTC +0) 0 2M P 1W44 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITISH DYSLEXIA ASSOCIATION {CONTINUED) Othèr information. The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within Ihe annual report_ Our opinion on the financial slalements ijoes not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and. in doing so. consider whether the other information is malerially inconsistent with the financial statements or our knowledge obtained in the course of the a￿lit, or otheNise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements Ihem5elves. If, based on the work we have perfomied, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prescribod by the Companios Act 2006. In our opinion. based on the work undertaken in the course of the audit- the information given in the Trustees. report for the financial year for which the financial statetnents ale prepared is cons1Stent wilh the financial Statements. the Trustees. report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception. In the light of our knowledge and understanding of the charitable company and its environment oblained in the course of the audit. we have not identified material misstatements in the Trustees, report. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion- the parent charitable company has not kept adequate and sufficient accounting records. or returns adequate for our audit have not been received from branches not visited by us.. or the parent charitable company financial statements are not in agreement with the accounting records and returns.. or certain disclosure5 of Trustees, remuneration specrfied by law are not made- or we have not received all the information and explanations we require for our audit- or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the Trustees, report and from the requirement to prepare a Strategic report. Page 17 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..51..49 GMTIUTC +0) 0 2M P 20144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITISH DYSLEXIA ASSOCIATION {CONTINUED) Rosponsibilitios of trustees. As explained more fully in the tNstees' reSpC￿SibIlitieS statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied thal they give a true and fair view, and for such internal control as the Trustees determine is ne￿SSary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements. the Trustee5 are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the TNstees either intend to liquidate the Group or the parent charitable company or to cease operations. or have no realistic alternative but to do so. Page 18 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..5) GMTIUTC +0) 0 2M P 21M4 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITISH DYSLEXIA ASSOCIATION {CONTINUED) Auditor's r8sponsibiliti&s for tho audit of tho financial statements. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an auditors report that includes our opinion. Reasonable assurance is a high level of assurance, but is nol a guarantee that an audit conducted in accordance with ISAS (UK) will ahvays detect a material misstatement when it exists. Misstslements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users tsken on the basis of these financial ststements. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misststement in the financial statements or non-compliance with regulation. This risk increases the more thal compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-complian￿. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment. forgery, collusion, omission or misrepresentation. The specific procedures for this engagement that we designed and performed to detect material misstatements in respect of irregularities, including fraud, were as follows.. Enquiry of management and those charged with governan￿ around actual and potential litigation and claims., Enquiry of management and those charged with govemance to identfy any material InStan￿S of non-compliance with laws and regulations- Reviewing financial statement disclosures and testing to supporting documentakn-on to assess compliance with applicable laws and regulabons- Performing audit work to address the risk of irregularities due to management override of controls, including testing of journal enlries and olher adjuslmenls for appropriateness, evaluats-ng the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for evidence of bias. A further descripts-on of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at- www.frc or uklauditorsres onsibilities. This description forms part of our auditoffs report. Page 19 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..51 GMTIUTC +0) 0 2M P 22144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRITISH DYSLEXIA ASSOCIATION {CONTINUED) Uso of our report. This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounls and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to stale to them in an auditor's report and for no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to anyone olher than the charilable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed. I￿P. Alexander Peal BSC (Hons) FCA DChA (Senior Statutory Auditorl. for and on behalf of. Jamgs Cowpor Kieston Chartered Accountants Reading Bridge House George Street Reading Berkshire RG18LS Date.. 28 February 2022 Page 20 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..52 GMTIUTC +0) 0 2M P 23144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). CONSOLIDATED STATEMENT OF FINANC￿ ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021 Rostricted funds 2021 Unresirieted funds 2021 Total funds 2021 Total funds 2020 Noto Income from: Donations and legacies Charitable activities.. Resour￿$ from government and public authorities Publications cOnferen￿S and training Membership income other trading activities= Fundraising Trading activities Investments 58.577 58,577 36,500 184,694 23,412 26.240 755,828 131.195 208,106 26,240 755,828 131,195 43,774 28.734 695,067 119,693 20.432 589,665 595 20,432 589,665 595 75.938 808,487 1.899 Total income 184,694 1,605.944 1,790,638 1,810,092 Expenditure on: Raising funds- Voluntary income and fundraising costs Trading subsidiary costs Other costs of trading Charitsble activities.. Membership. policy and information Projects (education and quality mark) cOnferen￿S and training Governan￿ cost5 21.930 318,473 38.667 21,930 318,473 38,667 59.882 457,556 39.808 240.052 240,052 242.378 25.958 235.867 766,018 8.840 261,825 766,018 283.955 720,964 8.315 Total expenditure 25,958 1,629,847 1.655,805 1.812,858 Net lexpenditure)lincome 158.736 123.903) 134,833 (2,766) N8t movement in fund8. 158.736 (23.903) 134,833 (2,766) Page 21 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..52 GMTIUTC +0) 0 2M P 24M4 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). CONSOLIDATED STATEMENT OF FINANC￿ ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Rostricted funds 2021 Unresirieted funds 2021 Total funds 2021 Total funds 2020 Nota Reconciliation of funds: Total funds broughl forward. Net movement in fvnds. 74.841 158,736 860.699 123.903) 935,540 134,833 938,306 12,766) Total funds carried forward: 233.577 836,796 1.070,373 935,540 The notes on pages 26 to 42 fomi part of these financial statements. Page 22 TransadiDn Ref. ZV394J2XN-ZJ88 (& Feb 2022 08..51..$3 GMT{UTC +0) D 214 P 25144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guaranteel- REGISTERED NUMBER: 01830587 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note Fixed assets Tangible assets 19.328 9,007 19.328 9,007 Current assets Debtors Cash at bank and in hand 13 160,387 1,670,200 147,573 1,291.660 1,830,587 1,439,233 Creditors. amounts falling due within one year 14 {779,5421 1512,7001 Net current assets 1,051,045 926,533 Total assets less current liabilities 1,070.373 935,540 Total not assets 1,070.373 935,540 Charity funds Restricted funds Unrestricted funds 16 16 233.577 836,796 74,841 860,699 Total fund8 1,070,373 935,540 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respecl to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Colin Gallick Chair Dale- 08 February 2022 The notes on pages 26 to 42 form part of these financial statements. Page 23 TransadiDn Ref. ZV394J2XN-ZJ88 (& Feb 2022 08..51..55 GMT{UTC +0) D 214 P 26144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guaranteel- REGISTERED NUMBER: 01830587 CHARITY BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Note Fixed assets Tangible assets Investments 19.328 9,007 12 19.330 9,009 Current assets Debtors Cash at bank and in hand 13 382,303 1,170.941 419,600 846.872 1,553.244 1,266.472 Creditors.. amounts falling due within one year 14 1502,2001 (339.9411 Net current assets 1,051.044 926,531 Total assets less current liabilities 1,070,374 935,540 Total net assets 1,070,374 935,540 Charity funds Restricted funds Unrestricted funds 16 16 233,577 836.797 74,840 860,700 Total funds 1,070.374 935,540 The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. Colin Gallick Chair Date" 08 February 2022 The notes on pages 26 to 42 form part of these financial statement5. Page 24 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..$5 GMTIUTC +0) 0 2M P 27M4 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Noie Cash flows from operating activities Nel cash used in operating activities 19 396,871 59,756 Cash flows from inv8Sting activities Dividends. interesls and rents from investments Purchase of tangible fixed assets 595 1.898 11,078) 118,926) Net cash (used in)Iprovided by investing activities 118,331) 820 Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of Ihe year 378,540 60,576 1.291.660 1.231.084 Cash and cash equivalents at the end of the year 20 1,670,200 1,291,660 The notes on pages 26 to 42 form part of these financial statements Page 25 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..% GMTIUTC +0) 0 2M P 28144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policios. 1.1 Basis of preparation of financial stat8menls. The financial statements have been prepared in accordance with the Charities SORP IFRS 102) Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015}, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. British Dyslexia Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. The consolidated statement of financial activities (SOFA) and consolidated balan￿ sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. The Charty has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activities in Ihese financial statements. 1.2 Fund accounting. General funds are unre5tricled funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance wth specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fvnd is set out in the notes to the financial statements. 1.3 Basis of consolidation. The financial statements consolidate the accounts of British Dyslexia Association and all of its subsidiary undertakings {'subsidiaries'}- Tho Charity has taken advantago of tho exemption ¢ontsined within section Se¢lion 408 of the Companies Act 2006 not to present its own Income and Expenditure Account. The income and expenditure account for the year dealt with in the accounts of the Charity was a surplus of £134,83312020: deficit of £2,766). 1.4 Going concern. The Trustees have considered the impact of the global Covid-19 pandemic on the abilty of the charity to continue operaling for the foreseeable future. This review has included considering the impact of the pandemic to the date of signing the financial statements Based on this review and taken together wth existing financing facilities the Trustees believe that the financial statements have been prepared appropriately on the going concem basis. Page 26 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..51 GMTIUTC +0) 0 2M P 2W44 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policios. (continued) 1.5 Incoming resources. Gift Aid. The wholly owned subsidiary donates all of its taxable profits under Gift Aid to the charity. The statutory income and expenditure account for the subsidiary is disclosed in the notes lo the financial statements. Donation8 and grants. Donations and grants made available for the general purposes of the Charity are credited to income on a receivable basis. Legacy income. Legacy income is accounted for on a received basis or, if receipt becomes reasonably certain and is measurable with sufficient reliability. on a re￿1vable basis. Publications. Income from publications is recognised on a receivable basis in the period in which a publication is issued and represents income from the sale of educational and promotional literature and advertising revenue related to such publications. Conferences and training. Income from conferences represents income received from the delivery of conferences and training courses. Costs are incurred in the organisation of these events. Income is accounted for on a receivable basis except where income and expenditure do not occur in the same period, in which case the income is deferred to match expenditure. Membership income. Membership income is accounted for on a receivable basis and represents membership fees and subscription income from rnembers. It is levied at different rates according to the level of involvement of the member and the amount of information received. Interest rgceivable. Interest on funds held on deposit is included when re￿Ivable and the amount can be measured reliably by the Charity,. this is normally upon notrfication of the interest paid or payable by the Bank. Donated services and facilities. Donated seNices or facilities are included in incoming resources when the benefit to the charity is reasonably quantifiable and measurable. They are valued by the trustees at the amount the charity would have been willing to pay for the services of facilities on the open market. Page 27 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..56 GMTIUTC +0) 0 2M P Y)144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policios. (continued) 1.5 Incoming resources. (continued) Def8rred income. Where it is clear that the donor intended the income or grant to be used over a fixed period of time on a specific project and as a result the Trustees have no discretion as to when the funds will be expended, these funds 'NiII be treated as deferred income and released to the statement of Financial Activities to match the expenditure. Grants. Grants are included in the consolidated ststement of financial activities on a re￿1vable basis. The balance of income received for specific purposes but not expended during the penod is shown in the relevant funds on the balance sheet. Where income is re￿iVed in advance of enlitlement of re￿IPt. its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. 1.6 Resources 8xpond8d. Raising funds. Fund raising and publicity expenditure represents the direct costs of generating funds and includes the salaries and other direcl costs of the fundraising staff as well as an allocation of premises and overhead costs. Charitable expenditure. Charitable expenditure has been allocated to match the revenue eamed wherever possible and includes an allocation of personnel costs and overhead costs where applicable. Charitable expenditure is accounted for on an accruals basis. Helpline. Helpline costs relate to the operation of B.D.A. Helpline. They include wages and salaries, Iraining. telephone. associated premises costs and other sundry items. Development. Development costs include expenditure incurred in supporting Local Associations and other fonns of membership. as well as the costs of the education department. Support costs. Support costs represent overheads, premises costs and wages and salaries of support staff withoul which the charity would not be able to achieve its objectives. The costs have been allocated on a proportionate basis. Govornance cosls. These costs relate to the expenditure in respect of personnel, premises and overheads Page 28 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..56 GMTIUTC +0) 0 2M P 31M4 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policios. (continued) 1.6 Resources expended. (continued) which can be directly attributed to the management of the charity. as opposed to those Incurred in Turtherance of Its objecls. Irrocoverable VAT. Irrecoverable VAT is charged against the category of reSoUr￿S expended for which it was incurred. Comparative amounts. Allocalions of salary. premises and depreciation costs are reviewed each year to ensure that these costs continue to be accurately assigned by function. Expenditure on raising funds includes all expenditure incurred by the Group to raise funds for its charitable purposes and includes costs of all fundraising activities events and non- charitable trading. Expendilure on charitable aclivities is incurred on direclly undertaking the activities which further the Group's objectives. as well as any associated support costs. 1.7 Termination payments. Termination benefits are included as an expense in the Statement of Financial Activities and a liability is incurred when there is a formal plan to terminate the employment ol an employee or group of employees before normal retirement date. Temiination payments are measured at the best estimate of the expenditure that would be required to settle the obligation at the reporting date. 1.8 Government grants Govemment grants relating to tangible fixed assets are treated as deferred income and released to the consolidated stslement of financial aclivities over the expected useful lives of the assets cOn￿rned. Other grants are credited to the consolidated ststement of financial activities as the related expenditure is incurred. 1.9 Tangible fixed assets and depreciation. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost ot fixed assets, less their estimated residual value. over their expected useful lives. Depreciation is provided on the follothing bases- Short Term Leasehold Propety Fixtures and fittings Computer equipment 200k Straight line 200kn Straight line 33.30kn straight line Page 29 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$1..59 GMTIUTC +0) 0 2M P 32144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policios. (continued) 1.101nvestments. Investments in subsidiaries are valued at cost less provision for impairment. 1.11Stocks. stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overFEads. 1.12DebtOf8. Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at Ihe amount prepaid net of any trade discounts due. 1.13Cash at bank and in hand. Cash at bank and in hand includes cash and short-temi highly liquid investments wilh a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.14Creditors. Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments tor the goods or services it must provide. 1.15Financial instruments. The Group only has financial assets and financial 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 wth the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 1.16Contribution8 to pen8ion fund8. The Charrty operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to Ihe fund in respect of Ihe year. 1.17Leases. Rentals paid under operats-ng leases are charged to the consolidated statement of financial activities on a straight line basis over the lease term. Page 30 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$2..ts) GMTIUTC +0) 0 2M P 33144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Critical accounting estimates and areas of judgment Estimates and judgments are continually evaluated and are based on historical experien￿ and other faclors, including expectations of future evenls that are believed to be reasonable under the circumstances. crib.cal accounting estimates and assumptions.. The Charity makes estimates and assumplions conceming the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below. Judgements in applying accounting policies and key sources of estimation uncertainty. The preparation of the financial statements requires management to make judgements. estimales and assumptions that affect the amounts reported for assets and liabilities as at the balan￿ sheet date and the amounts reported for revenues and expenses during the year. However. the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates} have had the most significant effect on amounts recognised in the financial statements_ Critical accounting estimates and assumptions.. Bad debls. Using information available at the balance sheet date, the Charity makes judgments based on experience regarding the level ol provision required to account for potentially uncollectible debtors. Income from donations andlogacios. Unrestricted funds 2021 Total funds 2021 Total frjnds 2020 Donations Government grants 44.456 14.121 44.456 14.121 36.500 58,577 58,577 36.500 Total 2020 36,500 36,500 Page 31 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$2..01 GMTIUTC +0) 0 2M P 34144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Investmont income. Rastrictod Unrestrictad funds funds 2021 2021 Total funds 2021 Total funds 2020 Bank interest 595 595 1,899 Total 2020 1,898 1,899 Commercial trading operations. The Charity has wholly owned trading subsidiary. B.D.A. {Initiativesl Limited which is registered in the UK. Its purpose 15 to organise fundraising event5 and sell advertising to raise revenue for the charity The company passes its taxable profits to the charity under Gifl Aid. 2021 2020 Profit and108s account. Tumover Cost of sales 589.552 (477.355) 808,084 1633.186) Gross profit Administrative expenses 112,197 (2.023) 174,898 (2,119) Operating profit Interest payable and similar charges 110.174 113 172,779 403 Net profit Gift aid donations to British Dyslexia Association Transfer to rese￿eS 110.287 (110.287) 173.182 1173,182) Page 32 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$2..01 GMTIUTC +0) 0 2M P 35144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Net incomel (oxpenditurel. This is stated after charging-. 2021 2020 Depreciation of tangible fixed assets - owned by the charitable group 8,605 13,501 Auditors remuneration - audit services 8.840 8,315 Analysis of total expenditure. Support costs 2021 Total funds 2021 Total fvnds 2020 Staff Costs 2021 Other 2021 Ralslng funds Voluntary income Commercial Irading operations other trading costs 5,796 13.405 2.729 21.930 59.882 318.473 7.767 318,473 38.667 457,556 39.808 13.989 16.911 19,785 30.316 328,969 379.070 557.246 Charitable activitios Membership. policy and information projects Projecls (education. quality mark) Conferences and training Governance costs 130,500 58,280 51,272 240.052 242.378 103,580 493,254 24,302 188.036 133,943 84.728 8,840 261.825 T66.018 8,840 283,955 720.964 8,31S 747,119 300,934 607.752 1,655,805 1,812,858 Total 2020 681,502 282,567 848,789 1,812,858 Page 33 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$2..IY2 GMTIUTC +0) 0 2M P 36144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Support costs. Total funds 2021 Total funds 2020 Financ8 2021 HR 2021 Voluntary income other trading costs Membership. policy and information Projecls (education. quality mark) Conferences and training 8,299 6.579 28,601 11.926 92.280 8,612 6.826 29.679 12.376 95.756 16.911 13.405 58.280 24,302 188.036 15.345 14.015 48,540 25,283 179.384 147,685 153,249 300,934 282,567 Total 2020 152,224 130,343 282,567 10. Trustees and employees. 2021 2020 Wages and salaries Social security costs Pension costs 744.966 68,101 40.925 688.759 61,657 36.878 853.992 787.294 No Trustee or any party related to them re￿iVed any remuneration during the period. Out of pockel expenses tolalling £Nil {2020- £2,804) in respect of travelling, subsistence and telephone charges, directly associated with the running of the charity were reimbursed to O Trustees (2020= 5 Trustees). 1 employee received remuneration in behveen of £70,000 - £80,000 (2020". 1 be￿een £70,000 - £80,000}. Pension paid on behalf of this employee tolalled £831 {2020-. £3.5961. The average number of persons employed by the charity during the year was 29 {2020-. 251 of which 13 (2020.. 13} were full time and 16 {2020= 12) were part time. The full time equivalent of the part time staff is 11 (2020.. 8). No employees were made redundant during the year {2020= Nil) Page 34 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$2..03 GMTIUTC +0) 0 2M P 37M4 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Chief executive Training & education Helpline Fundraising & publicity Management & administration 22 17 29 25 During the year remuneration paid to key management totalled £104,647 (2020: £153,787). 11. Tangible fixed assets. Group and Charity Short-temi leasehold Fixtures and Computer property ritting5 equiprnent Total Cost OT valuation At 1 April 2020 Additions 11.506 947 52.747 18.926 65,200 18.926 At 31 March 2021 11.506 71.673 84.126 Depreciation At 1 April 2020 Charge for the year 8,054 2.301 742 47,397 6.227 56,193 8.605 77 At 31 March 2021 10.355 819 53.624 64,798 Net book value At 31 March 2021 128 18.049 19,328 At 31 March 2020 3,452 205 5,350 9,007 Page 35 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$2..04 GMTIUTC +0) 0 2M P 38144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 12. Fix8d asset investments. Investments in subsidiary companies Charity Cogt or valuation At 1 April 2020 At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 Principal subsidiaries. The following was a subsidiary undertaking of the Charity= Name Class of Holding Included in shares con801idation B.D.A {Initiatives} Limited Ordinary 1000th Yes The financial results of the subsidiary for the year were.. Name Incorne Expenditure Profitl(Lossl for the year Net assets B.D.A {Initiatives} Limited 589,665 1479,378) 110.287 Page 36 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$2..04 GMTIUTC +0) 0 2M P 3W44 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. Debtors. Group 2021 Group 2020 Charity 2021 Charity 2020 Trade deblors Amounts owed by group undertakings other debtors Prepayments and accrued income 59,901 88,062 34.377 251.372 235 31,851 331.111 1,711 54.927 235 1,711 57,800 100,251 96.319 160,387 147,573 382.303 419.600 14. Creditors: Amounts falling due within one year. Group 2021 Group 2020 Charity 2021 Charity 2020 Trade credilors Other taxalion and social security other creditors Accruals and deferred income 44,389 45,872 8,031 681,250 58,815 39,316 7.224 407,345 19.339 19.034 8.031 455.796 16,372 15,150 7,224 301.195 779,542 512,700 502.200 339,941 15. Deferred income. Certain grant and other income included with 'Accruals and Deferred Income. in Note 14, is recognised when Ihe delivery of a specific performance relating to the income has been achieved. Movement on deferred income balances during the year are set out below-. Asat1 April 2020 Total funds Received Released Training courses Assessments London Marathon Conferences OCN fees other 211.919 56,825 5.229 3.046 53.274 15.312 394.712 484.800 1.792 62.189 19.328 26.702 (271.314) {381.575) {4.557) 120.629) {9.224) 118.319) 335.317 160,050 2.464 44,606 63.378 23,695 345,605 989.523 {705.618} 629.510 Page 37 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$2..05 GMTIUTC +0) 0 2M P 40144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Statement of funds. Statement of funds - current year. Balance at 1 April 2020 Balance at 31 Expenditure March 2021 Income Unrestricted funds General Funds 860,699 1,605.944 {1,629.847) 836.796 Restricted funds Mentoring Children Will Shine other donations Helpline Malpas 1,000 37,654 5,952 13,072 17,163 1,000 37.250 165,092 13.072 17,163 559 1963) 124,995) 184,135 74,841 84.694 125.958) 233.577 Total of funds 935,540 1,790,638 {1,655.805} 1.070.373 Page 38 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$2..07 GMTIUTC +0) 0 2M P 41M4 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Statement of funds (continued) Statement of funds - prior year. Balance at 31 Mareh 2020 Balanee at 1 April 2019 Transfers inlout Income Expenditure Unrestricted funds General Funds 845.990 1,799,346 11,784,637) 860,699 Restricted funds West Sussex DA Mentoring Children Will Shine Other donations Helpline Malpas 2,819 (2,8191 1.000 37,654 5.952 13,072 17,163 30,C4J3 13.812 13,128 31,555 3,615 7.130 15,6941 18.0791 {561 114,3921 9,730 {6,9111 92,316 10,746 128,2211 74,841 Total of funds 938,306 1,810,092 11,812,858) 935,540 17. Summary offunds. Summary of funds - current year. Balance at 1 April 2020 Balance at 31 Exponditure March 2021 Income General fvnds Restricted funds 860,699 74,841 1.605.944 11.629.847) 184,694 125,958) 836.796 233,577 935,540 1,790,638 11.655.805) 1,070.373 Page 39 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$2..L* GMTIUTC +0) 0 2M P 42144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. Summary of funds (continued) Summary of funds - prior year. Balance at 31 March Balance at 1 April 2019 Transfers inlout Income Expenditure 2020 General funds Restricted funds 845,990 92.316 1,799,346 11,784,637) 10,746 128.2211 860,699 74.841 938,306 1,810,092 11,812,858) 935.540 18. Analysis of net assets between funds. Analysis of net assets between funds - current period. Restricted Unreslricted fund5 funds 2021 2021 Total funds 2021 Tangible fixed assets Cu￿ent assets Creditors due within one year 19.328 233.577 1.597.010 (779.542) 19,328 1,830.587 1779,5421 Total 233.577 836.796 1.070.373 Analysis of net assets between funds - prior period. Restricted Unrestricted funds funds 2020 2020 Total nds 2020 Tangible fixed assets Current assets Creditors due within one year 9.007 1,364,392 1512.7001 9.007 1.439,233 1512.700) 74.841 Total 74,841 860,699 935.540 Page 40 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$2..L* GMTIUTC +0) 0 2M P 43144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 19. Reconciliation of net movement in funds to net cash flow from operating activities. Group 2021 Group 2020 Net incomelexpenditure for the year {as per Statement of Financial Adivities) 134.833 12,766) Adjustments for: Depreciation charges Interest from investments Increase in debtors Increase in creditors 8.605 1595} 112,814) 266,842 13,501 11,898) 1205,362) 256,281 Net cash provided by operating activities 396.871 59,756 20. Analysis of cash and cash equivalents. Group 2021 Group 2020 Cash in hand 1,670.200 1,291.660 Total cash and cash 8quivalents 1,670.200 1,291.660 21. Anatysis of changes in net debt. At 1 April 2020 At 31 March 2021 Cash flows Cash at bank and in hand 1.291,660 378,540 1.670,200 1,291,660 378,540 1,670.200 Pension commitments. The chartty contributes to the personal pension plans of certain of its employees. which are held in defined contribution scheme5. Contributions are charged in the financial statements on an accruals basis and there were £8,301 12020.. £4,908) of outstanding contributions at the balance sheet date. Pension costs charged in the year were £40,925 {2020= £36,878). Page 41 Trarr&Bri￿n Ref. zv￿U2XN-zJS8 09 Feb 20Y208..$2..LY3 GMTIUTC +0) 0 2M P 44144 BRITISH DYSLEXIA ASSOCIATION IA company limited by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 23. Operaling loaso commitments. At 31 March 2021 the Group and the Charity had commitments to make future minimum lease payments under non-cancellable operating leases as follows= Group 2021 Group 2020 Not later than 1 year Laler than 1 year and not later than 5 years 6.867 26,226 6.867 6,867 33,093 24. Relaled party transactions. During the year. there were no related party transactions other than the following= Reimbursement of expenses incurred by certain Trustees in the ftjrtherance of their activities as Trustees (see note 10). Donations from trustees totalling £687. Page 42