Roglstornd number: 01830587 Charlty numbèr: 289243 BRITISH DYSLEXIA ASSOCIATION (A cornpany Ilmlted by guarantee). TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A ¢ompwy knil•d by gu￿nI••). Page R•f•r•nc• and admlnlstratlve dthlls ol the Charity, Its Tn¥l••s and advls Chalrniants stat•m•nt Tru8t••*' r•porL 4-16 Independent audltorf* r•port ¢n th• fin•n¢tsl statsm•nt& 17-20 Consolld*d Statom￿t of flnanclal acdvltl•s. 21 Consolldatsd bzlance sheat ChaTIty balan￿ sh••L Consolldated slatw￿￿t of Ilowj. 24 Not•s to th• Ilnancw Stat•m￿. 25-42 8RmsH DYSLEXIA ￿ocIATION (AcoM￿nY &nltad by wir•ntw). REFERENCE AMD ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEE& AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 TnMt•es. Michelle catte￿n. Chair Suzanne Edm£￿(1 {re$igY*d 8 March 2023) ColSn Gallick {r8sign8d 29 July 20221 Della Hazell Fauzia Jan Timothy Neale Dr Georgia Nth Enrico Riva Or Helen Ross Mark Shern (resigned 21 Noverr*w 2022) Arran Snxth Barry Stanton (aFwinted 21 November 2022) Shoshana Wh￿rOw {apwinted ZJ August 20231 Marcia Brissett-Bailey lappowitd 23 August 20231 Helen AShleyTa￿or (apFK4rrtod 23 Awust 20TJ) Nathan Dawes (appc*iled 21 November 2022) Conyany rnyis¢•r•d numb•r. 01830587 CharSty r•glst•rod nwnber. 289243 R•gl8t•r•d offic•. 1 Friar Street Rg•Jing RG11 1DA Indep•nd?nt audMoT. Jamès COw￿r Kr8$t￿ Audit Ch¥iered Accounlants and Ststsjt￿ Reading 8￿9• Hous• George Street 8erk8hire RG18LS BRMSH DYSLEXIA ASSOCIATION IA c4>fflpany Ilmlt¢d by guarnnt•8). REFERENCE AND ADMINISTrATIVE OEfAILS OF THE CHARiff. ITS TrUSTEES. AND ADVISERS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2023 Bankorn. Bardays Bank p.l.c Reading 8ranth Mid Thames Group P.0. Box 27 R8adin9. RG12H0 Soll¢itors Hethngton CAmwkn81 Brennan House F8mborovgh Aerospac8 Centre Busr￿S Park Farnborough Hampshire GU14 6XR Executlve Offl¢•n: Chlef ExeruUv¢- Gillian Ashley lunbl 16 AvJust 2022), Chivonne Preslon (from fj Octoter 20221 PreSId￿t. The Lord Adrfwton Vlce Pr•sld•nts: Sharon Hodgson MP Tom Hunt MP Professor Joel Tah))tt Sir Jackie Slw•ort OBE Henry Smith MP BRMSH DYSLEXIAASSOCIATION (A eompny 11mll￿ by guarnnts•l. CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 A waim welcome to our annual report- a chance to recognise Ihe a(*￿nts ofthg past Jw, ￿lebrate our successo$ and reflecl on the challenges that slil lie ahead. DurfrvJ Ihis ￿e1Ve month we continued the [￿(￿s of We￿StablIshIVJ OLYsefves folowng the drfficulties of pandemic years. It is t¢stsment lo the hard vKwk and deth"¢atiM of amazfng Irustees. staff and volunteers that we have been able to prowde servThs aTrJ throU￿oUt and l am enorrrK)usly waleful to all the individuals involved in woth for tsir commthnt and fortiiude. We have been delighted to wekome many new team member5 this yaar and l am Ir**iThJ f(¥warf to c¢￿tinu￿￿ ￿Ing frrxn strength 10 5trenglh in the p&riod ahèad. This year. we mwked the ￿th annivThry ofthe Biitish Dyslexia Associthn. have achieved a great d8al sinc8 our found8tion. th8re 15 a consK18rabl8 amoLmt s1il to dD lo c￿ate a d￿eXis4rTre￿d1y society. Our national Helpline is busier than ever. We have seen a notable increase in enquiries. 6% growth frorn la81 year, and OLtr H8lplin8rs ha￿ SUPPOrt•J 0¥8r s.4(￿1 PWF48 in total in trms p8rioJ. Our He￿lIne rèminds Ijs on a daily basis why we must keep fightirwJ f¢xthe lights of dy%lexi¢ p￿p10 in8fAr8s us to kèttp gcing so that w8 can support lThJwlduals and fan￿leS in our ccmmuThli8s. Visits to our website and audience figures across our chafw)ets have also increased. We h*J over S million web pa￿ visits durlng thls ￿riOd and now ha￿ over 110.000 frAI¢w48ts across our sod81 mèdla platfomis. This18v81 of engagement is astoundin9 and demonstrales Ihe coninuing upJenl and growing need for our seTvi¢es and support. This grovAh has ￿en enhatK*d by wyxk ￿ undertook durfng thls celebratory year to launch new- look branding and fftvise(I visK)n, mission and vdues, created in o)11gtrA)Talon vriu) our stakehotdgrs. We expect the grovAh li audlence nLThbers io conlnue as ¥￿ provide infomiation and resources dearfy in demaThJ by membefS of the ge￿ra1 p￿J1￿. Ong)ing and gaps In Fthskml We￿ abo tragNWted by the f￿￿lI¥JS of the Dyskxla Commlsslon whlch repNted thi5 year. We instwJaled this work to rdise awareness about dy51exi8 and other learning drfficulties an to supply g¢)vemment vAlh independent reCoM￿ndatiOnS on h)w they can belter support Ihose who have dyslexia, regardless of age and ￿PaI10n. Th5 (x￿l￿Al￿e￿Ied the onw)ing work we undertaktr lo advocate o behalf of our stakehobjers to pc4Ic￿nakeIs and pcAifiaans in Westtninsler. This yeaT1he Al Party Parfiamentary Group fvr Dyslpxia arKI Other Speoffic Loarniry Diffvwjties has fo￿Se1 on supp￿ting adults with dysl¢xia, Induding adults ￿ Ihe biistice S￿rn. and considered the importance of intervention aNJ screening. We hovg cuntinued to wryk in pathersNp w6th ottrr5. such as Ihe Speaal Educational Consoitium. to lobby for l*￿ge. The strength ol our chanty has atrways come from its fr#wwJalion in thg comtrwnity WKI thg fact th81 we repr8sont individuals. famili8s. 18achers and other FKofessionals who all understand the greal need for (tyslexia-friend so¢ial eh8ngÈ. l know new CEO. Chivonnè Prèston. who ￿ wèlrThièd ￿ Octobw 2022. will put Ihis communty at the heart of our a￿￿11•eS in the ahead. We wll review the support and benefits we provhle to m•m￿r$. èxt8nd opwxtuniti•s trj engage ￿ benèfKk4ri•s arml 8nsurè that fh•ir ¥￿e•S arè central in advocacy and campaign5. We are espeoalty grateful to our voI￿le￿5. merr*)e￿, fiJThJraisers, (k)nors and fun(Jas make it P05sble for us to contlwe thts work. Thank >￿U for being part Of(￿p)Urr￿ U*Er the past 50 JEars. Mid)elle Ca1kn80n Chalr P Zols Page 3 BR￿lSH DYSLEXIAASSOCIATION (A company Ilrnlt•d by guarantttl. TRUSTEES. REPORT FOR THE YEAR ENDED 31 M*RCH 2023 The Trustees are plg88ed to wgsent tr￿1r arwl rep(xt Iobthr v*ith Ih? cons9lid*8d fin8ncial statemerrts of the charity and ils subshliaryts the sEarendgJ 31 March 2023. are also prepared to meet the ulrèments for a dir8clors' r8wrt Accounts for Cwiani8s Act purposès. Th& financi￿ ststam&nts have been prepar•J rn ac#)jfda￿o with the Charthes Act 2011. Ihe Comp￿185 Act 21NJ6, the Memorandffii AAlkaés of AssocAation. and Act￿n11r￿j and R8porting by Charities." Statement of Recommended Praclir*. applicatle to charilies prepariro Iheir acrounts in accordance with the FinanThal Rèpds and Ips he recelved. Wlth praelkA and dAtèmilnathon he was r•adlng and wrftkng Ituenty seven months Ho now wants to inspire othern lo learn rnote about dyslexia. When agked whether hè had any advlce for oihei chlhtren his (wm age he saltr. "I ￿{eadY h8lp other dythxic chlthn al my Scho￿ I tel thern to always koop tylnj and fte￿r up. I èvon want to worf( at a (tysl&xic s￿[￿] when I grow upr Donovon wa• ihe winner ol the Brhish DY¥￿xIa A$soclgtk)n's Chlklr•n'• Award 2022. nOmIn￿•d by hlg tutor who was $0 impressed with his eob)unitillèni and progr•u. (A Company Ilmltod by guarant••l. TRUSTEES. REPORT {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2023 Our actMtl•s 2022-2023 1. R￿SIng awareness During the yew the BDA umlertook a nuntrr of activrtkns to raise awareness atK*ul dyslexia and othèr spec4fic leaming drfficullies to Ihe general W￿1C and to particular ￿0up$ of 8takeholder¥. Our impad in numbers OLFr online information p&3es h￿1 over 5 ￿thI￿n Over 1.5 mill￿n new users arzessed infomHt*Jn on (x1r￿￿1￿le Our social media channel aUdIer￿ 111.821 fclk7wer5 4.500 ben¢fioaiie$ a¢cessed the inforn￿ wetmnar nm (kning Dyslexia Aw8reness Week Dlgltal Outr•ach ()Jr website and ￿￿lIa1 thannels are the first pc¥t ol ¢&1 forltrthè sèd(ing advk*. support and guldance on dyslexia and tr8ffic cxjntinues to grry4¥ aLYOSS all of cw platf0m￿. These substantial visitor r￿MberS demon5tral the urgent need for our seryKes aThY SUPFAYI. During IhÈ yèar. wè havè (x>ntinu8d to d8velop our pr8sence on media wth reguLar, top￿1 posts promoting traff￿ lo c*Jr website and the Other services and 5UPPDrt wg offer. We also began tryd¢king the number of Msitots lincjudry new users) to our web pages and f￿￿re$ below Indicato ￿nserva￿Ve estirnates based avalatAe rywlerfy inf¢mlK)n ftslk)wbng updatès to wab anatytics seryices. addition. we inlrcwjuced a n￿thty e-newsktter from Novemter 2022 in ￿der to prMdè regular inf(mth)n and updates to a more I￿5￿ke audience of t￿nefIc￿￿& and Supp￿161$ 0￿.1¥j in. By the end of Ihe year c4Jr JjdIe￿ were as folbws: 24.473 Foc41)ook 40.IW2 T**ler 32242 Inslagram 19.506 Unkedln 19.991 Web page 5.061.640 1.584208 Dyslexla Aw¥enes8 Week In Oclober we hdd a successful DyslexFa Awarene55 Week on the Ihernp of'Breaklng Through Barriers. wlth high èngagémènt throLWoul the week. We shared Iwed expWIen￿ storie5 of ￿￿bIllieS and rnembers of the public prowded free webin8r8 whth were attgndeil INe by ov¢r 1,31)D delegates and which have sincA b8on vi8w8d over 3.200 t￿￿S on ow YwTub8 dwind. Br*nd r•lmh In Septemberwe launthed refreshwl brand. *ilh 8 n8w k*)k and fed lo modernize our visual idenlity. Thls Sncbjded a new low and icon. a new cc4our scheme a new font for our w8bsiiè. Wè now havè sets of mary and Second￿ coloLY pa￿tt&S to enhance tyjr conynunicaticffls and will oJnt¥iue lo develop our use of these to maxlmise our iryact aThJ attract new Page 6 BRITISH DYSLEXIA ASSOCIATION IA coftwny Ilmlt•d by gu￿nt••). TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 "l am loving the new look ofthe website. more In￿479 and eader lo naY￿al• Ellzabeth. BDA M9mbgr In*erson events We had stalLs al b)Ih the TES SEND SP*ThY in L0ndC￿ and the DyslexJa Sh(yw In Birmlngham. both of whith wer8 well att9nded wilh lots of ¥i&kns seekiny infc*makn aThJ advice. At the DySle￿a Sh)wwe also delivered 8peclaist talk and parbupated in the opening pand dtsotssN)n. Follo￿ng the in-persm reslri¢AKJlls of the parthnmq were defvjhted to host an in-person famity infonnation day In Bra¢knell in September 2022. We WelCon￿ over 1(MJ par￿, chldren aThJ teachers v*tho partwipatod In 5 tree workshops. Local Dyslexla A•soclati The BDA WO￿ alongside approximalety 40 afflialed Local Dy5￿xia Associations, 5epar8te (*aryty, and provide8 tr￿ning and support to thw'r vduntaars. DLYirwJ ttis wiod we provmjed sessions on themes induding.. safeguarding, optomety, and applyi￿ for grants oWwlLM)thn9 C*VJtunities. Fundr￿$11$ W8 arè inu8d*)ly grdtèful to 8varyrJnè supF￿ ￿r tyjt in p￿t￿lar lo cwr fiJndIa￿rS who not onty raise urgenty needed for us t￿t a*drnnoss by $h8ring tsir thios ond r9asons for fundralsing for us. For many. Fwsonal ex￿enCe with dythxia spurs them to support ts 8DK This ￿ery of ¢)ur njnnern In the Lond(Jn Marathon h8d a forrnnning f￿ the BDA, ￿ they did an exceptlonal job, raising an impressive £32,OCKI. J•m••' Atory .1 hav8 oWexSa, which was Cr￿ling and made school. espedally Eng￿$h dass O stll have nhJhtmares t¢xlay} extremety chalenglng. I sltll ￿ru9*. and even wrlthig INS hths tsken mLdliKle attempts and Ilmg Thankfulty tochnology has come on loaps and bounds tpthith is a game-chang•r when it com•s 10 5pfrlling. Bu( lo thbs day, ther8 are times wh•n I can't Iwde behind technology and my dysl•xia hold5 mo bwck, especially In a wolk envknnment Thankf￿ rèamed to b8 braver In shartng wlth fdends and colleagues my ityslexla but I know fw many others who slrnggle. they would rather l¥de kn kar of qmbarrassmenl than share ther ityslexia.- James cycled the Imprn$$lve 400 mlles from London to Amstrrdam, ralslng an amazlng total of £1,940 for our chartty. H8 was keen to shaw• hls expwlEnce5 Thlth dyslexla to holp overcome the stlgmè that some people encountsr In sochty. A big Ihank you to the remarka￿8 indNiduals of al •Jes have emtM8c*d extra2024. Pago 7 (A company Ilmli•d by guvant••>. TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 'At Royal Wootton Bassett Academy. we strive tow¥ds IndusrAty and ery￿ty, and we recognlse that slm, evèn these aims In mind. that barrfers slim exist for many of our learne￿ and colleagues. The Journèy Ihal we have been on to gain the ttyslexia Friendty Schools Award has not been abo￿ the award Itself, but through inthvidual expeiience we havo soughi to becorne more equipped with ypecialisl knowkdgè and skik lo bridge th8 gaps that and to help us overcomg sorne ol those banigrs. 11 has been an insighthil loumey and has tsught us to see the leamlng experfence through *slextc eyes, and this in turn ha5 Opened up new iIMnkww and approaches foi all students and cclgaguos." AThh• Ellls. Headteacher. Royal Wootton Ba$$ett Ac•demy 2. Promotlng undwstandlng Durkng the ￿ar the BDA undertook a nunl)er ol ¥b￿leS to prr¥Mte furth8r wderstsndlng ab￿1 dysl8xla and other specific leaming drfknjlt r impact in numbers We trained over 1,gC(I delegales at our fve trairmng events Over 400 individuals surttssftlty o)mpfeted acc¥edited e4eamiThJ training courses We acciethted 30 courses of study Tralnlny We prowde a broad range ol trainirvj to a wKJe a￿d￿ce 8rxos5 to prornotg unde￿ndin9 Of￿￿lexi￿ and other sp8ufic leaming drffiCu￿S. This indlths: Information webinars to organisations suth as scknls and empknjws Half and whole day Iraining modules. delive￿ both onlne and in pe￿(￿). avalable lo Ihe general publlc or on a baspokè basis to organi￿110￿$ of al typ8s Accr8dit8d train1r￿ lèadiTh3 to qualffjeAtions at L&v812. Lov8f 3. Lev814. Lovel S ond Levo17 which is availablè 1)ur e-leaming plafforms Motsd￿ and C045sÈmtAè. Thi% is usualty urKlèrt8kèn by prolèswn81 educaioT3 and those sup￿thg indi￿dual$ in SCI￿1$. fvjrther or hh3her edu¢Jkn and in •mph)ymènl. Allson and Ro•. story "In Awll 2022. after a surprfsingty challenging. bul Increthbty Informaltve COUT5e. we both galned accTedltation alon￿de a slwlficant amount of kn￿e{￿je1 Syiorfjng each other WOFklng In the sa￿* settlng was Invaluable online lutorfals and Itnks lo othors laknng the cOu￿e via emal and Whalsapp also helped navlgate ihls domandSng cour￿. Despit• havlng naaty 30 years teaching Oxperience each, we W8T8 finaly able to have a d8ar Insighl Inlo the (lifficutiie5 eXFeVrenC￿ by ￿aM￿ts d al ages ￿ dyslexla Hopefulty morè Eallng Itath¢rs wll be Inspir￿ to ¢Mbnuo ther own ￿amI￿9 orbd undert&k• lh• L•vèl 5 cou￿& AJ well". Alison and Ros complotsd the AccTedit•d Level 5 CertifKate In Dyshxla. Litoracy. Support and Inlervenlion wlth the BOA and now provlde tralnlng courses to promote understandlng about dyslexla among olhei te•Ghets fund￿1 by thelr local auth￿ttY h) the London Borough of Eallng. Accrnthtstlon We continued to accredil c)Jurse5 for specialist teachers lo study 8nd for ther crynpete￿e lo be re￿nised through our awards ofAMBOA. ATS. APS and ALSA IndN¥knls sUc￿SfUl￿ CoMple￿ng Ihese courses of stu(ty are eligtjle lo applYf￿ indiwdLwI accyeditalion by the BDA. A5 part of Ihe rn8intenanco of professlonal $tandards. we encourage pfofessh)naL8 to undertake reglar continuwo professional deVelop￿nI to stay up to date with best P￿lIce in the field. Thls work is Dv9rSe￿ by the Awgthtsltrm Bowd. an indopgndent $ub)UWS TA￿ ac*yedil8d: 19 Le¥d 7 DFloxia. 2 Lovel 7 Dyscalculla. 7 Lovel 8Rrr15H DYSLEXIA ASSOCIATIOM {A Company Ilrnlt¢d by g￿ran￿O TRUSTEES. REPORT (CONTINUED) FOR THE YE￿1 ENDED 31 PAARCH 2023 5 ￿lexIa. 1 Level 5 Lwalculka 1 Level 4 ttys18xia. Rosearch Dlwing the ￿arwe saw the condusKffl crfthe DWexM@Work proieca frjnded by Erasmu& Th8 BDA worked alongside the European Oy*xia Ass(Kiakn and A￿0(￿allone Italiana Dislessla of Italy. Dyslexia Assoclatlon of Ireland. Fédération Fran￿e Des DYS of F￿￿. Malta ￿leXia AssouatK)n and Universtta Dell'ln5ubrba of Italy lo identify dyslexia awareness prath"¢e amoNJst rewiters and employers to enable other organisalions lo enjlate trms ￿ pracaice. Res￿rceS devek)Fed thJrirnJ the pry)je¢A are now freely avwlable in thcee langua9es. The BOA will ccffltinue thi$ wc** wth (woti)g development of ow Quality Mark lor the Aware that Ihere arg a nurnber of resp8ffjh woiects in develLyment ￿ our fitsld. dur¥)g this year launched new areas of our website lo enable researchers lo a￿rt us to their research so that we can share it rrK)re easily subject lo ¥PPfQPriOte due dilig8n¢e. We shar9d t¥lls for ￿￿arth pgrtK¥pants from agew¢s such as HMRC and the Diiver & Vetrwde Star*Jwts Age￿ and VAI ¢)Jnl¥w to support rewtsble research requests in the pariod ahead. Conf•renrns We were very pl8asad to lkn)sl ow ffirst tsce-Io-fa¢6 ￿￿1¥enCe site thtr p8ndorri¢ in November 2022.11 was Vary Posittve to b8 to *￿cOMe ddegates, in person. to Swndon lo hear eminent dyscalojlia and literacy spÈak•rs ￿ thÉ thèmè of,'Focus on lèxmèr Strènyths and Challèrys". Wè aL￿ hald a vviual dyslèxia conference in March 2023. "Core Sklls and Creativrty. ErrfJagiThJ dyslexic beamers with lileracf, and were able to makè record￿gS 8V￿labl& 8ftèrwBrds to laiifitAte ￿Star p￿t￿lp8(￿)n. Dehgat•JJ from our Novemb•w 2022 conference: Gro•1 day excellent sharing ol kn¢wl* from domig thè reg•arch Thws was an excellent confefence: the keynote speakers kn particular gav¢ fasdnallng talks based on the academic resEarch. The speakw5 vrnTe ewperts kn thek subfvcts and th15 knpul15 hugely wekomed. Varled gnd knter8slng cont•nl and presenters- thank you. The speakers were more than excepiional. The event was nicety and wem organi5ed from the beginnlng lo the end. However, the besl part of the event was the people thal came, everyone was so helpf￿. and po9tsv￿ codd be fell everywhwe. Dèlegates from our March 2023 confelen￿. The speakers and thdrwork ue tftfy ama21ng. Thls was such good value foi money. The fact I could buy tha recorthry and do N kn chunks rather than all In one day mqanl that as a mum of three and a teathef I w•5 able to gel the mo51 frlim il in the lime that 5uled mt. An frxcollert master In al thlng's Il•racy, teacl*ig. andlgarnhbg. An Infonnalv• aThay of topics pres•nted in a waThn and 8ngaging rnannei - rea54x￿bfy pric8d and 8asy lo acws. Wll book agaln! Thgnk you to am Ihg conlribuloTr and orga￿9[$ kn •n lTrspiiing. gxcibng and inforrnalpio W. Thank you everyone IN a reaty knlweslng day. hve 18amed so and have 50 many things lo tak away lo use! BIIJTISH DYSLEXIA ASSOCIATION (Aeompww Ilmltad by wwants•). TRUSTEES. REPORT (CONnNUED} FOR THE YEAR ENDED 31 MARCH 2023 Membernhlp As a membership organisati(M) we wov*le Informab￿ arxl cp[￿unIt*S to ètt8nd events ¥*d tr8inirtg to our members. We int￿Ured e-new￿￿tter$ lo n￿be1$. kwmshed 3 Issu8s of Coniact. our mombership magazine. 0$ well as a 50th anniversary ethtion of ￿Jr Handbcrt c>JntaKin9 a nwnber of in*hfful essays and rèsearch artides, whth was av8NaNe fty a fAnall fee. Ernpowerfng During the year the BDA u1￿￿t00k a numbor ofa*¥ilies to eM￿th￿r Ini*v*￿alS directy as wdl as wthkirvJ m￿e broadly society to re￿Ve baThiers fac¥h3 ow benefioxarie5 in society. Chjr impact in numbers We respondgd l¢J 5.453 ¢Th]uiries vra our Help We provmjed lo ovgr 2,000 a$s9￿m￿nts We enabled 40 experts lo FThide Nprb81 tgStwrwyrylo pwli¥nwtsrlan$ and ￿lcY makers during the course of the s*ar We run a nation￿ Holpllnè wlNd) atM¥ers enqutri8s frun members of the general public wa telephone. email. our social media platforms and n L4e posL tX¥ing this pèrK%l. wè rèsw)rtded to 5.453 ènquiries received across all thannels as follows.. Tel&phone 3.136 Emam 1.872 Facebook 281 Inslagwam 159 Letter Total Our Helpline Is staffed by a team of 14 ￿￿UnteerS are tral￿d 8t￿ sU￿￿88d by our H8lpllna M8nag8r. The lfve telephone helpline 15 oren for 10 h￿￿$ pèr wè to increas6 in Ihe cOm￿g year. Emails and dlrect messages via social metha are resp￿￿ed to t1￿h(￿rt the wothng wèèk, w4th mnlhty'lnstagr8m takeovers. where questions are imiited Instsgram. are onswered by Heijline and posted publicty. Helpline volunleers undergo a substantial traring PTogramme and are ¢kwtyto ènsurè Ihe ad¥Ace and information provided is a¢wate and ¢onsk8tent The iwrform3lwJn and adv￿ we Fwovide also teneffts from input from specialisl vcthrntÈern serving on advlsory board committees. Duriry #M5 peiiod we wertr grateful lo reCe￿e expert athce from the Music Committee, the Te¢hrK>logigs Committee •KI fv [tySC￿lIa CcrfnrTyttee. Page 10 (A eonwny lknlted by guarant••). TRiISTEES' REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Helpllne Story A mum called the he￿line for Infomiakn and tyddance aboul hei son accesslng support for hls dyslexla at unfverslty. He's on a eoutse to become a PT teather and hos faled thè IAst two modulès and been told he w￿1 not b8 ablo to progress inlo th• third Ye￿ of his dwee wAhout re5it1in9 the enlire secmd year. The helpline volunteer identified thal Ihe slvderrt had be8n roc8Mng any loThal support and had bèen grèbblng oc¢aslonal •dthiond timè wilh Ihe lutor aftèr kssor&. The helpllnor provkled Informallon and athke about how lo use the thagnostic weport to identify the help requiied. how to appty for Disablod Students Aitowance to obtsin 1."1 tuloring and spedaw software and lo work wlth thè unlvarsty 18amkng support team lo get suitsble adjustments and examination ac¢o88 •tyangemonts ijb pl9￿. The motherwiote t() the h*llne aftgr the cal. Ilany Ilwiks ICK all yow Ilme exceNent s￿all51 advlce that YOU gave me thi5 moming. li ￿ be a help." Assossment s•r¥l¢4s Our assessm￿1 services. Cov￿1n9 EThJlaThJ aThJ Wales. ensure that iThlwiduals of all ages are signpostsd lo th& Very bÈ$t diagnostie And w￿kp1st￿ assèssmènts approwiatè to their needs. We provide access lo assessors vtho meet the highest slandards of prnfes￿On￿ practice, ￿ding active appropriale profgssional qualificaknons as wall as AMBDA accrèditations and AsS8ssM￿t Practsing Certfficales vthere required. During the period we promded infommlion and advi&ry atrthl awssments, 2,042 assèssmènts dirgcty via th8 BDA. Assessment 8iorfes: 'It Is a hug• r4118f that l know why I s1rngg￿ wlth 18amlng and the assessmert not onty PTDwded evlden¢e of th18 but also very usebjl advl¢e lo help me cope whh thls. My teachers and sthoo15 falled me and had I known I was dyslèxlc gs a chlld, Ihal exlr8 bk of Ilme wodd have hebod m• Imn￿•fy. Rogardless. knowng thal l am dysle￿( wll h* me WO￿ IL" "I contacted the BDA as I i*dft'l know wrt￿• elsa to knNn. I had never considered that my gon was dy51exlc. but ¢nou9h ffiags were fykng to let us that he had dfficu￿es partlcularfy wilh hls wiilkng. His spellin9 was excelknl {a mlgconcèwknn that sknpped bolh myself and teach•rs from seelng h15 Ifthcuttia51 The BDA re rèaly éffieiant And helpful. by r•sponthng and explainlng l¥)w W8 could got our son asSes￿d Our asse550r was brilllanL iesponthng knfom)allon abo￿ tho tost and to more spedfic worries we had, befofe we allendèd. The Assèssor ga￿ us realty Ihoiough fe•dback both on the day ol the t8St and itlng a few days latÈr. *thkh WÈ ca￿d Ihèn takè to h15 school. My son ig dyslex1c and h was Ilke als￿lbU had been switched on. and so many things became dear lor both our son and us. We Ihoughl Ihe se￿ce from slart to finish from both the BDA and the assessN was eXcel￿nI. prof•sslonal and magslve reas3uiing and I wouhj recommend the BOA as • fwst port of lor •nybody who n¥ed$ Inlorm•llon obout. or asgessm8ni for Dyslexil." "I wa$ very Impressed WTth ow assessor ShÈ was r•sponslve and very helpful in lh• lead up lo our assessment and helped lo put ffly mMd at eaye as to how to expl8kn the process lo my son and make suré he did not feel ar￿oUS abo￿ IL On the day she was wonderftl. she conduded the assessment In such 8 calm way that my son thdnm even realse how long hè had ￿eft focuslng on thè activllles. FoKowlng the assessment sh8 deliv8rod the Teport wAhin th& Spea￿ lime and I was very sallsfied with the oulcomes èf the assessm￿1 and the d•taled recofflmendalions Ih•t shè m&d•." Pollcy advocacy The BDA works o)Ilabordlivelyto advocate on traaff bènèfiei**s. As a mèrrtbar of thè Sp8dal Educailon81 Cons(yilwn ISECI. 8 group crf 40 organisath)ns in Ihe SEND sector, we worf( V+ith govemrnerbt departments parliament8rian8 lo lthm devdowènt and comm8nt on implementation ar¥J issues arising. Furthemiore. dufftJ this year. the BDAi￿ned a codilion of 125 other org8niyations led by the Royal College of Speech ar5d Languag8 T￿lIStS to t￿11 for greater irN8Stmonl n th8 specAalist worklorce as P4811 8RmsH DYSLEXIAASSOCIAIION (A c¢mpny Ilmlted by guar¥nts•l. TRUSTEE¥ REPORT {CONTINUEO) FOR THE YE*R ENDED 31 M*RCH 2023 part of the #SENDintheSpecHhsts carryal￿. As secretarlat for the APPG on Dyslexa ar*J other SpLDs Ihe BDA SLpknd its Chair, Sharon Hodwm MP ruming meo11ngs thls year on Ihe foll(￿n9 Ihemes: Scho(As' WhSle Paper and SEND Green Paper-what dwng8s can we expect (June 2022} Adults, including the kntke SyElem (Dècemter 20221 The impK)rtan(% d Earty InleNenlon arxl SL¥eenlng hfm It cgn amp(￿er t8achars and the childran they teach (February 2023) In total, 12 5peakw5 shared seth)r gxpBrtsse aThJ to the APPGS. In 8¢JdtlvJn. during this )*ar Ihg 8DA pwtwg1l ths I￿lIVE8 Curfa to t￿n9 tcoether govemment and civil society bOd￿S and industy lo consider waJ3 to Imp￿Ment posilive IOT indNiduals wlh dYs￿XI8. T 'Dys18xia Commission. hèkl tèn ￿qUry se￿(￿S over knJr days in 2022. heariThJ from 28 Witne￿S. aThJ Ihe resultant report wth reComM￿li0n3 was FKknh"5hed on 31 Marrh 2023. FINANCIAL REVIEW Thè CO￿oI1d•t￿d Ststèm•nt of FirwKlal Act*￿1￿8 fty th8 ￿Or w¥Jgd 31st March 2023 shows a defiryl of £251.450 {2022: surplus of £100.7￿1. Income In 2021-2022 the BDA recwed two rArt*AA*ly thnaliorts which bclstered inrA)me lasi finanoal ar. This year. total income has decreased by 12.5% to £1.949k12022: £2,229k). mainly due to income from don8tions 8fK118g8th8s b8ing ￿l£232k) I0￿r Ihan last year. Fundraising income. h￿￿eVer. saw a small increase with the London Meffilhon taking place again in O¢tobw as a tssult of Cti￿￿ r8strictions in priorydars. Wè were also able to rm our 51Xh anniversary armal awards dirThr in pwscffl thjring the ￿whth raised srjme additional funds. Thi5 ￿•r, Ihe BDA IN8$ seen fAInt￿N￿d gmw1h kn InfX)m& from tralnlng. across bolh wedited 8.l•arnin9 ojurses and bespoke live tra￿￿g. Income from c(rfnmercyal trathj opera￿n$ was kywer in 2023. to 8 d￿n98 In thè Incoma modèl. Expenditure Totsl eXpe￿Illure inueased by 3.4% ￿ring the to £2.201k12022: £2.128k}. predomSnanfty due to Increases In wages and salaries costs. During this peric*J the management team wa5 restructu￿￿, new marketing and rnmunicati￿s posts wore crealed. a ￿$1-of41¥7ng paymentwas made to employees in Der￿M￿r 2022 and the oulcome of a salary review t￿k effect from January 2023. Costs from ccrfnmercial tradwy opWalw￿ are to a in the inL*me m(MJo1. Balanc• sh••t Net ¢#Jrrent assets d8¢reased by£24Th to £g)A12022: £1.147k Toial r8serves decreased by £251k to £920k in the year12022'. £1,171). rel*￿ng the operational defK¥l. Rwerves pollcy and golng conc•rn The T￿sleeS believe that in tern￿ ol good govem•n(* and to Ènsurè thè (xjnthnuty ofthè organSs8tkJn and thg fU￿lment of Its charitable aims. li is necessary lo mainiain an adequale level of reserves. Free reseryes are the part of BDA's unTeslri¢ted funds that is avallaNe to spwml on Any of Charitys purposes. This definition excludes restricled income funds. although holthrvJ suc* fvnd5 may infftuerKe 8DA's re8erve3 poliw. Th& Trustees t*e a risk-bas&J apwo•* to reserw WKI miew tr* r8seN8s polw annually. Th8 8oard has sot a reserves p(Aky whkh reqirrires.. Page 12 BRMSH DYSLEXIA ￿SoCIATION (Aeomyny by guaAnt••l. TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 PIARCH 2023 R8sems to ￿ m81ntakn8d al a lèvd Ènsm thal BDA'S c)y• o)ntlnu8 thring a p•riod of foreseon dMfi¢ulty A ￿￿0￿*%1￿)n of reserves lo be m8intsined in a r&￿Ity rea458ble fomi. The ¢alculaUon of the r4uired level of fr¢8 reserves takes ￿10 a¢oxJnt Risks 8$90¢ialed wlh eath stream of and exwmkn btyng rfrfferent frthn that budgeted Planned aclfvlty levd Organisational C￿n￿rtMents The gap betr￿ the spending and reCe￿Ing of wKome Retaining a level of funding that WAI aWcN4 IleX￿￿ty and 41lty of ￿ponSe to business grThvth and devolopmgnt opportuThllss 9rt4e ts organwtion to moet its stratei¢ c o*'ective& On this basis. lh• TTrJst￿ consider that tho bw81 offre8 r8sapMs at 31 March 2023 is £700.000 of vthich at least 20% 5￿Uld be held as ￿h. Thi8 tsrget was #¢hieved 88 tyjr ur*8Str￿ rwrves ended th& ￿ •9 £738,978. R•lat•d p*ty Trnnsa¢tlon$ Trans￿￿onS b•tr￿n BDA and BDA (Inlualives) Lld. its subs*Jl*y tmdertaking. have baen disdosed and are i￿aude￿ in these ￿￿$olIdatell ac(yJunts. Other related pWtytr3r￿lCrn have beon (I8de68d li Ihe consolklated accounts. STRUCTURE. GOVERNANCE ANO IAJJIAGEIAEMT The Charity is a company Iwnited byguaranlee govemed by its Memorandum and Artth5 of A$s￿allOn d8led 5th Juty 1984 (last amended 15 November 20081. It galned fcrnl tharitable status frcth the Chatty ComMiss￿n in England and Wales on 4th Febnjary 1985. The Board of Twslees has adopted Charyty (>)vernm Clxle assew$ 6ts r)*lan¢e ￿th the Cryje as part of its ongoing revi￿ and stre￿￿n1r￿j of govemvm. The Board of Twslees is o)JleclNety resp)nsth the governan￿ arKI kntegic direction of the Charity together wth its finanoal ￿atth. delivery of pubk benefil. probity of its actmknes and the development of the organisati￿l'S aim. 01¥￿ts¥e5 aFvJ go*. Trustee sdectlon Thg Chority is commiitgÉ11o il has 8 baL8n(*d ond dN8rs¢ B09rd. with members ￿¢￿)mM￿nded for thelr skills and expertise. Renewajs and the appointrnenl of ary aJdilHJnal Tnjstees are nformed by a Board Skills Revi8W 8nd lak8 inlo 8cuJunt anNal discU￿on$ b8trAwn Chair and each Trusiee. The Board of Truste8s is mafle up of nollgss than ten aThJ not nwjre than Iwrteen p8ople comprisiThJ: a Chaiman nomin8ted by the Board by reas(￿ of p)ssew skrfL8 ￿lsIder&I n8C8ssary and appointed in g8neral m8ètkng'. fow IndiwduaLs drawn from Ihe members of thg Lo¢al A88cthkns; three indryiduals dr8wn from the Indrth¢k￿ Merrkns., Iwo Indimduas drawn from the rrombers ofthe ￿ganIsat￿MIl Members: up to fow indivhknls co-opted by the Bowd by reason of possessing skills ccrft5idered necessary induthng a Treasurer and a legalty qualfied pe{s(￿. Trustees ar& apwnt¢d for 8 year F¢￿d. usually fcy a maxinwm of iwo tern￿. The Board of Trustees M￿lS four times a year. All Trustees slve Iheir time freety receNed no remuneralw)n was during th8 year, aside from ￿1MburS￿MenI of legitimate eXp￿se$. The Board delegates the exercise of Certa￿ in connection V•ith the management and adminislralion of the dwrbty as set oul bdw. Trys is witrdbj ty wuirry r8gu* rwllrvJ bath to the Board. so that all Pa98 13 BRMSH DYSLEXIAASSOCIATION (A eompany limlt•d by guarantèè). TRUSTEES. REPORT ICOIMNUEDI FOR THE YEAR ENDED 31 MARCH 2023 eci5ions made undw dthgaled can be ratified by ts ￿￿1 Board in due cojrse. Al minules are tatled at Board meetings. FInan￿ Commlttee The Finance Committee meets once a quarter. and C￿npriseS ts Honorwy Treasurer, Chair and Ctrmef Executive. The Head of Fh)ance aThJ Operations also attends. The Accreditation Board upholds the hrghest standwds for prrrfess*)nals WOTking in gjucalion. 11 deveknps, defines arKI puNishes the ￿teria for profeswnal omjtses ofstudy and for sndivKlual awards as an indepeTKlenl sub.committee to whom all accTeditalbJn matters have been d*ted bythe BDA Board. Members ol the Ac￿dItatIon Board we volunteer5 *t)o are ￿derS and experts fTom the sector and the Chair is an a￿ern￿ of senior stanth"n9 With a rec￿￿ of rese¥¢h and putlishiry in the field. The Acciedlta￿n Board meets at least each Sear. Local Assoclation Board The Local AssocialKJn Board (LAB). made up of rewesenlatives of Local Assocaations. aimed lo meet regularly during the year but strkvJl￿ to do so. Post the Board dissofved this Sub￿Mn￿tte6 and wil instead seek altemale routes lo 93th#r th& voiw Vitr￿ of kx81 ty￿le￿a as￿¢1￿tic￿8. Ad¥l$ory Groups Th8re are a nurthr ofAdvlw Grow provkle the Truslees I￿1h •xp8rt infonnallon as w811 as asslsllng the Charity with tts work. This indudes raisvwJ awareness: SUPFK•rbng the BDA Helpl￿e wrth advie*,' offering guidance on academic issues." as well as coniributiryJ to consLAlations and r81ated matters. Groups indude: New Tschnole￿1t8, Music, Dyse81th and Cutturd Perspadi￿. The Tr￿S ar8 gr8t8lul for the va￿9b18 (xMrtrtAth and sp8dal&t skllL8 tmldèd by voluntèèrs Invdved In these groups. Chgrlty m•n•ymonl The Chief Executive 18 ￿SFx)n$ibk daylo day marwyernent of the Chariws affaits and for implemBnling p0￿C￿S agreed by Ihe Board of Tnjstees. The Chief Exe(xrtive is assisted by the Senior Management Team. New CEO, Chivonne PTrston. took up her posl * the begSr¥*¥J of Oct(*)er 2022 and new ￿nIOr ty)sts Head of Funthaislng and Head of Fnance and Operations were akn created duting the year. Group StructUT• The charity has a owned rL)n(*witable 8ubswJiwy. BDA IlThtiativesl LYr*ted. 11 carries out ThJn<*aritable trading actlvibes to rai$8 funds for the Charty. Corporat• Gov•rnanc• Inlernd controls over actual aThJ cx)mmitted ex￿lIture are contmualy refined in order lo improve effIc￿cy. Procèsses are in placÈ to ensure that p8rformanc8 is monitored. and that appropriatè managem8nt Information is prepared and ￿vieWed reg￿arfY by bclh ts Senior Management Tewn and ￿ 8oard ot TrLL8tees. Th8 systems of control are dwn•d to provKl8 reascrf)ai4e. txrt Njt absolule. assuranuj agalnst matsrf81 misststemenl or l¢XS. They indLth: 8 Strategic plan and annual Iwdg8t 8rwoveLI bythe Tru regular consideration by th8 Trustees of ffinanCI￿ resulLs" valian￿ frem budpts,. non-financMI large performance indicalors and benchmark￿ reNieK" delegatknn ofday-l￿IaY Manag￿nI aultr￿￿1ty8nd se￿akn ofdulies" and Pagg 14 BRMSH DYSLEXIA￿0¢IATION (Aeomyny Ihnlt•d by ouarant•è). TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Idontificallm and mantyemont of kÈy rlsks. Rl$k Manag¢mont Res[￿50b11ty for risk management Iles V*ilh Tntstees. The Charity has establrthed a risk Tegisler thal aims lo sèt out the key risks for the oryJanization indudwy: An assessment of inherent risk Existing rneasures in place to manage each risk An a$s￿ment ¢rf residual risk. once mitigalng IT￿ureS are taken into constderation,. and Futuro a¢*ons thal may b8 lakon to redts￿ the residual iisk frjrther. The dsk regl$ler is wiowed in by th& Boar<1 *1gast anrA￿ly. ri&ks explored In detail at each Board meeling. The major risks for the BDA have been identifi8(1 ￿.. Developing the strategic planning. assessment arKJ review proces5 Diversi￿r0 income. in particular increasirvJ fundrar&ThJ iTh>Jrne frorn tN)th irwJivKILTal and organizational donors D8v8loping producis Ser¥￿S so Ihal th8y are up to date. relwdnl aThJ abl8 to meet demand M8asuring and 1xmN￿1c8t1r•j our Inyd Staff weilbelng aNI key person risks Working dosely wlth the Tmstees. the CEO Iws attenth)n n Ihese areas to ensure that approFfflate risk management PTocedure5 are in pla0*. Plans forth• futuro The Trustees a￿ ¢ommllted to ￿nI1)ualY ¥nwoving aTrJ developing acbwties at the BDA to mwmise impact for the putlic benefft. With the arriv￿ of the new CEO. as wen as several new rnembers of the Senior Managèment Team duriNJ the year. the Board reccwise a period of transit￿ is underway as this new leam gets esiablished. 2023-24 therekye hjoks set lo be a star and consdwJalMJn. In parttculw, the BDA￿￿11 ex8mine the 5eryices and support it pr9vId￿ lo nwnbgrs and ertswe that memtsership benefts are appropriate and valued by members. BDA training will contiwe to be updated arKI devebped, and sth¢es such as a¢ue¢Jltatlon and assessment be r¢vi¢wgJ effiaery and effective￿. In additi)n. in the yaar ahèad the BOA*ill revieAf obsLth lo parttcipat•)n and seek to wnpro¥e Ihe reach ofour Serv￿85 8rKt ac11vi￿s. This will In¢￿de the launth of trMJsarig5 to vridon a¢￿$ lo a$s￿mentS and training. as wew as potential CA)11th￿atiOnS with other (￿ganIsationS in ¢xder to broa(Jen outreac*. There will be an ongoiThJ foGU5 on inojre gen￿ati￿ and deVelown￿l ordgrlo promde resOLw(￿ to und8rtak8 mor8 eharlt8tA• work. Slatement of TnMtee8' responslbllltkn. The Trustees {who are a150 directors of The Biili5h DY￿￿8 Assc¢1811c￿ l¢)r the purposes ol company18w} 8r8 rgsponslble for propamg the Trustees. Report and the financial slaiements in accudance with applicable law and United ￿ngdorn Accounting St8ThJ*ds (Urlted Klr¥J(kMn Gw8ltyA¢ceptsd Acciwnllng Pra￿1¢&1. Company law requires the Tn￿tee5 lo prepare finan(ial statemenls for each finanoal ypar. Under company law the Trustees rnust nol ap￿￿o¥e the statThnls unles5 Ihey are satisfied th81 they gwe a true and fair ew of th$ stste of affairs oflhe d)arftablg ¢LNnpany and the Group and of the ￿coming resources and application of resources. induding Ihe incorne and expeNlitwe. of the charitable Gi￿P for that period. In preparing these fingnryal stst9ments. thg Tnjstees arg required to.. SgIF¢t suit8bl8 a￿nts"n9 FxAi¢ies arKI aOy them observe Ihe meth¢>Js 8nd pnncip* in the Clw"b"g¥ SORP: make judgements and a￿Untir9 estimates thgt arwj prudgnL prepare Ihe ffinancial statements on the basis urfgss rt 15 inapproprsate to prgsume that Ihg charitab18 Gr￿p wll conlinue in ￿eratiOn. Page 15 BRMSH DYSLEXIA ASSOCIATION (Acompany Ilmlt•d by guxant••>. TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 PIARCH 2023 The Trustees a￿ responsible for keepiw adequate accounling reo)rds Ihal are suffio.ent to show and explein tha charTrtabl& ￿mp￿Y and thè GroLfJ'S trar¥sactr)ns and dtsclose roasonable accuracy at any lime the finanaal positiorb of the tharitstAe Group and enable Ihem to ensure that the financial slalements comply wlh the Comp8nl8s Act 2006. They are also rosF￿￿thIe fcf saf8gLwding the assets of the tharilable company and the Grrmjp aThJ hence for tskwig r8•sc¥* steps INthe (Kov￿1￿)n dolothn of fraud and other irrogulariUo$. Dis¢It)￿l• of lnfornwl1￿ to audll¢r. Each ofth• parscm who ere Twstèas al th• lim• lthan tt¥$ TrUSt￿S, Re￿rt is approvad has cC￿fffi￿d that: so far as Ihat Trustee 15 a￿￿e. the￿ is no rele￿1 wjit yrf0m￿*￿ c4whic* the tharitaLle Group'8 auditor is unawara. and that Trust88 has tsken 81 the stèps Ihat ought to ha¥0 b8en taken as a Tmsteo in order to be aware of any Infomi8titM nsed￿j bylh8 charits￿? Group's auditrx ¢xM)n8et￿ w6th pr8parry its report and lo eslablish Ihal the charitable GrtWP'S &Klitor 1$ 8warn of Ih81 Audltors. The auditor. Jwnes C¢Y￿r lfreston has indi(ated its wi1ww￿ to Th￿tinue in offie8. Thè D&sign8t8d Trustees ￿￿11 proFose a n￿￿on re-Br4)Oknt1￿ the audric￿ at a meeting of the Truslees. This wll be rats"r￿d al the AGM. Approved by order of the ￿berS (* board ofTrustees siyned on thètr b8hBW ty. Michdle Catt•r¥on Chalr Dal8. E kJOJefvib¢J Cots Page16 IAcompany Ilmll•d by 9￿{lar￿1. INDEPENDENT AUDFroirs REPORTTO THE IAEMBERS OF BRITISH DYSLEXIA ￿SoCIATION Oplnlon. We have audited the financial statements of British D￿la Associal*)n Ithe'parenl ch￿table cornpan/l it$ Sthsldiartes {th8'9roup'} for thè year and￿ 31 March 2023 which comprisè the consoldated statement of firbanrAal aclmties, the consolhlaled balan¢% sheet, the c*arly b8larKè shÈÈt. tha Ix)nso]id8tad statemènt of ¢ash fl(MS aNI the related rY>tes. ind(tyJing a summary of significant acLounting pdicaes. The ffinancial repc*ling frdmework Ihal ha3 been applie(l in th8ir prèp*atth is applicable18w and Unrted Kingdom Accounting Standards. IncludiThJ Financial Reporting Star￿ard 102 The Financ￿1 Reporting Standard applK*le ￿ the UK and Republi¢ of I￿lan(r {UnOted Kingdom Gener￿￿AcC8pted Aco)untkng Pr3ctKe). In our opin*Jn the financial statsmenls: gi￿ a truè and fw vièw of thè slats of lh8 l>w's aThl ofthe parent charl￿8 compaws affairs a3 at 31 March 2023 and ol the (knup's Inc(MrMng rèsCyJr￿S and 4)plicalion of msources. indu¢*ng its Income expenditure for the then eThYed; have been pioperty prepared in *ith Urited Genornly A(wtéd AecounlrvJ practi￿.. and have been prepared in accordan￿ wilh the Tequwerwts ofthe Compw#es Act 2006 and the Charities Act2011. Basls for oplnlon. We conducted our audll In aecord8nce *ith Iniemational Standards on Audiiing (UK) IISAS IUK)) and applicable law. Our resF*Jnsi￿￿theS under Ihose skndards 8fy fiJrthÈr (Jescribod Audiiorfs responsibilities for Ihe audit of the flnancial statements section ofow report. We are independent of the CTOLbP in 8co)rdance with the ethkal requirements that are relevant lo our 8uthI ol the financial statements in the United lQngdom. induding the Flnancial Reporting Cujncil's Ethical Standard, aThJ ￿ have fLAfjll•Y our other ethittal rÈsponsltMlitiÈs In rdance t1￿ reqU￿Ments. We belle¥e that the a￿111 ev*Jenc8 V*E have obtained 15 suffici8nt and appropriate to prowde a basis lor (Njr cyinKn. Con¢lu$loM r¢latlng to golng con￿. In auditing the fIn￿Ck￿l stalwnents, V*È havè eA)ndudÈd that Tmsta8s' w ottha going COn￿M bgsis of accounting tn the preparation ofthe finan￿￿ statements is appro￿ate. Based M the work we h8ve performèd, ha¥È not idèntiffi8d any materi81 unc8rtainties relatin9 to èvents or Conditior￿ Ihat. indNwJualy or collectivety. may casl sigiMfKarrt dwbt on the Group's or Ihe parent charitaL4e compan1$ abiltyto continua a$ a gor￿ conwn frx a ofat I￿st tw8lve rTh)nths from wh8n finar￿la1 statements are auth￿ISed for isgje. Our responsib￿ltIeS r•sp)nsibikti8s of ts Trnsl88s wilh resp8Ct to c￿Cern ate desclthed in the relevant seclions of this re[￿rt. Pag8 17 BRrrisH DYSLEXIA A&SOCIATION (A Comp￿Y Ilmli•d by guarnnt••). INDEPENDENT AUDITOR8 REPORT TO THE MEM8ERS OF 8RrnSH DYSLEXIA A8SOCIATION (CONTINUED) Other Informatlon. Thè othèr infomiation comprises th• informatKffi induded in the 8nnual rwt otherth8n tho financial stAt8ments and our auditorf8 reprxt thereon. The Twslee5 we re5ponsknle for the other information contained within the annual report. Our opinion on the financial siatemenis do8s rM)t cover the other infom)ation and, except to th8 extent othérwisè Èxplifyuy stsled in our rèrth, I￿{ oxwèss any form of 888urancè candusion thèrèon. Our responsibility is to read the other infomMtw)n and. in dcing so. cLJnsider whether the other inf0M￿l￿sn is malérlally Inttjnsisknt wth th8 financial slat￿ts or CAJr kn(Ml8dgè obtslned in thè ttjutse of tha 8udli, or olherwse appear5 lo be malerkilly misstated. If ￿ hjentify such mateFial inconsistencie5 or apparent malerial misstatements. we arè required to detemiine whelher this gives rise to 8 material M￿tatement in the finand81 slatements themselves. If, based on the work we have p￿ID￿￿d, we condude that there 1$ a material mlsstatement of thls other infomwtion. we are required to that fact We have nothing to rewt li thi8 regartj. Oplnlon on ath•r matt•rs pr•scrlb•d by tho Companl•s 2006. tyjr oplnion. b88ed cm Iho undert8ken ri Il* ctsjrse of the the infomiation given in the Trustees. report fw the financial year lor which the finandal statements are prgpar8d is corristanl vlilh Ihe finarKial statemènts. Ihe Trustfjes. report has been w9par￿j in acc￿09n¢0 Mith 9￿1¢￿bI$l0gal rwwiromonts. Matt•rs on whlch w• ar• r•quSr•d to r•port by •x¢•ptlon. In thg liyht Df our k￿￿ and Lrtgf5tarKlvty ol tharitsble ￿ryany arvJ ils*rwironm¢nt obtsingd in the cowse of the audit, ￿ have not identified material mrAtalements in the Twstees. le￿t. We have Th)thlng lo rwl In reskvt offv folkn4Ang rrtters in rektkn lo whlch Companlès Act 2006 requl U5 to rew)rt to rf, opinion: the parent chaiitable company has rnt kept adewate and sufficknt accounting reC(￿dS. cf retums adequate for our audit have not received from branches not visited by us., or the p*0nl Charitablg ￿MpaOYf￿¥K)al ststements are not in agreetnenl Ihe *xcwnting re[X￿￿$ retums", or certain disdosures of TnBlees' reThwneratsC￿ speuhed bylaw are IVA made,. c we have not received all the infornia￿ ￿ explanations V+E require for our audit.. OT th8 Truste￿ WW& Tr)t entiued to wepara the ￿n￿￿la1 siatem&nts in accLJrdancè vthh the small companios r8gim8 takè advaAt89È of thè small (￿Mpani8￿ èxamplions in prepariThJ th8 TrnSt￿. re￿rt and from thè rawlr8menl lo prep*è a Strateg* reKMI R•sponslbllltl•s of trust••8. As explained more fuly In the tsustee8' responsi>rfrt￿ statement. Ihe T￿￿tee& (who are also the director8 01 the charitable company for the purposes of company law) are rnsponsible f￿ th8 preparation of th6 financAal Statements and for being 88ti8fied that they gNe 3 true fair view, and fcK suth intgmal control a$ tho Tnjslees d8temiine is n8c8ssary to enable the pwaratM of fI￿n¢la1 statements that are free from mat8rial mlsstatsmènL wh8th8f due to fraud or wror. In weparing the fnarrial Staterr￿nIs. the Trustees are reS￿￿Ible for assessing the Gro￿.8 the parent d)arit8bl• c*)mp8nrfs ab￿ty to as 8 9)irwJ tx>ncwn. ithscthng. as applicablè. r8lBt8d to going 0)n￿rn and L(sing the gO￿g concem basis of ac(ountirvJ wless the Trustees either ￿tend lo bquidate the Group or th8 parent charitable company or to cèase cWMyis. or have no raalisbc 8ttemative but to do so. P•Je18 8RifisH DYSLEXIA ASSOCIATIOM (Aeoftyry Ilmll•d by gu•r•nts•). INDEPENDENT AUOITOR'S REPol￿T0 THE MEM8ERS OF BRMSH OYSL&XIA ASSOCIATION {CONTINUED) AudIt0￿8 rnsponslbllltles forth• audlt of tho flnanclal stat8mMts. Our objÈclvès ¥e to rtJt•n reasonable 8ssurnn¢e abxrtwhether tha financial stslements 8$ a thole are free from material missiatement. whelher due io fraud or ermr. and to issue an auditorfs rep)rt that indudes our oplnlon. Rèasonable 8ssurancè ts a hi￿ levol of 8ssuwce, but is not a gu8r8nte8 that an audit ￿ndUCted in acc£1rdan￿ with ISAS (UK) WH afrways detect a material Mi￿tatement when it exists. Misstatements can arise from fraud or é¥ror and am corridered Mater￿ ￿. indNldually or In thè aggr8gate. th￿ could reasonably b8 expected to influence the economic decision5 of users taken on Ihe basi5 of Ihese financial slalemenls. Because of thè inher8nt fimiiations of an auth'l. there is g risk th8t not detècl all irr8gularttias, including those leadirg to a material misstatement in the finan￿ statements or nort-wmpliance with regulation. This risk increases the more that compliance wth a law cf regulation is remov&1 from the events and transaclions rèll6et8d in thè flnaneial xlatèments. as wè bè less likèly to become aware of in5tan¢es of non-c4)mpliance. The risk Is also greater regardin9 Irregul*iles (K£uning due to fraud rather than error, a$ frwd involves inlentional cJ)ncealment, forgery, collusicffl. omissKn or rrtssrepresentabon. The speafic procedures for Ihis engag￿nI thatwe de5YJned and pthrmed to delect material misstatements respect of 1TregL￿arf￿eS. kxgudin9 fraud. as fdkA¥s'. Enquiry of management arKI those dwged I￿1h 9)vem￿Ce ar￿nd actual and potenlial lilvJation and claims- Erwuiry ol management arKI thjse tharged governm to hjentify any material irstances of r￿n. Compliar￿ ￿1h laws and regulatvjns: Revi￿n0 financial slalement dlsdosurgs arKI testing lo suppcrtwYJ doc¥monlatkn tr> assess ccwnF4ian¢g wrth applicat￿$ laws and rWgu￿V)￿S'. PgrforrrMn9 audit wiyk lo the risk crf wregubr1tl￿ dug lo management override of controls. inC￿dIr￿j testing oljoumal entries and other adNthts for appropriatenes5. evaluating the business rationale of Signifi￿nI transactions outside the normal cwse of business and re¥￿n9 accounting e51iFnales for evidence ol tsas. A fvrther descriplion of our rgsponsiblitse5 ft¥the olthe finanrial stateM￿ts is located on the Financial Reporting Council¥ website at" ww*.frc. 'bliti8s. This desciytion fornis part ofour auElitoe$ ￿[XYt. Page 19 BRtTISH DYSLEXiAA&SOCIATION IA conwry Ilmlt•d by gurarbt••). INOEPENDENT AUDrroffs REPORT TO THE MEMBERS OF BRMSH DYSLEXIA ASSOCIATION (CONTINUED) Us• ol our r•port. This report is made 501ely to the charitaile Mmpanys members. as a Ix)dy, In vhth Chapter 3 of Part 16 of the Companies Act 2006. and to the Charitab￿ companys Irustees. a5 a t*Jdy. Part 4 of the Charities IA(wunts a￿1 RgPOrts1 RegulatK)ns 200B. (￿r audit T*th has be¢n undertaken so thal we might state to Ihe charitable companys members those matters ￿ are req￿red to state lo them ir) an report and for rK) other purpose. To the ftdlesl 6xi*nt pemwtted by kw. Th)t wpt or assume responsibtllty lo anyone other than the charitable comparby and lis membe￿. as a bjty, autht wo￿. for this report, or for the opinions we havg fomod. IOSL Pe Ahxander Peal B& (Hons) FCA DChA (SonloT Sta* Audltw) for aThJ on behajfof Jarn￿ Cowper Krvslon Audlt Charte￿d Accountants and Sialut￿Y A￿li Reading Bridge House George Street R8ading Berkshire RG1 Date: 20 November 2023 (A ¢onyry Ilmltad by guwants•l. CONSOLIDATED STATEMENT OF FINANCtAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 IAARCH 2023 R•8trl¢t¢d Unr•strl¢tsd funds funds X123 2023 Total fvnds 2023 Total lurKI$ 2022 Income from: Donath?ns and legaues Chadlable acbwties= Rèsources from oov8rnm*tt public aulhMlle8 PUbl￿tIonS Conferonces and trainin9 Mgrnborship in¢ome Other tradi￿ activrflès: Fundraising Trading a(aiwI￿$ olher trajlng aclfvths Invèstrm8nts 57.985 57.985 2￿.731 22.995 24,517 906,338 134,932 18254 1.194.137 141325 18,254 1.194M77 146.325 740 49.195 798.840 461.781 15 461 .781 15 192 Other in(x)me Total Income 740 1.948,600 1,949,340 2.229,240 Exyndltur• *)n: Raisiro lurnjs.. Voluntary income fvTh*alshYJ costs 125.076 298.954 16.735 125.076 298.954 16.735 8S,230 368,198 46.958 Tr8dSng subsidAry ¢osts Other costs of tradlng Charitable aclivithes.. Membership, and informalK*n Projects leducatton and wality mark) ferences and trairing Govemance rosts 376.023 28.352 1.303.478 23.891 376.023 56.633 1.303A78 23.891 400.552 153.382 1,[￿5,180 8.950 28.281 ToLIl •xp•ndlture 28281 1172.509 2.200,Tg0 2,128.450 Net lexpendlture)nncome 127.541) {223.909) {251A501 100,790 N•t mov•mont In funds. 127.541) {223.909) 1251AS01 100,Tr) R•corKillallon ot lund$.' Total lunits bro￿h1 f(Kward Nel movern8nt in 208.276 127.5411 1.171.163 {251,4501 1.070.3n 100,790 {223.909) Totsl funds ¢arrF•d forward: 180.735 738.978 919,713 1,171.163 The rK*tes on pages 25 to 42 lomi part of these financ4al slatements. PaJe 21 (A eC•mpany Ilmlt•d by guarnnt••k REGISTERED MUIIBER: 01830587 CONSOLIDATED BALANCE SHEEr AS AT 31 MARCH 2023 2023 2022 Hx•d a8s•ts Tangibl8 assets 10 19.665 23,786 19,665 23,786 Current assets Debtors 12 148.823 1.609.307 143.290 1,751,184 Cash at bank and in hwKI 1.758.130 1.&J4.474 Creditots: amwnts fallYwJ duè w#Nn onè 13 1058.082) 1747.097) Net cuThent assets 1,147.377 Total assèts I￿$ cuTrnt1Sabllltles 919,713 1,171,163 Totsl n•t assets 919.713 1.171.163 Charfty funds Restrithd fvr￿s Unrestrtctèd funds 15 15 180.735 738.978 208,276 962,887 Total funds 919.713 1.171,163 The Trustees ad[D￿edge their respMsltAUll8s for tmth the requir8m8nts of th8 Act wilh resp8ck lo accounting records and preparation of fina￿al staterwts. The ffir13￿1aI slatements have teen a¢([rda￿e *ith the 8ppIIc8bl8 to èndtlès subl8¢t lo the small wwy¥nies regi￿. The dir￿15 have oiethd for fv finan¢AI slaten￿nIS to be audrted in ar£ord￿￿ wlh the Companies Act The fina￿1￿ slalements were approved ar¥J gutt¥y￿j kn issu9 byts Twstoos and slgned on Ihelr bohalf by. Mlch•lh Catt•rson Chair ale Trustee The notes on pages 25 to 42 lo￿n part ofthe8e fina￿￿￿1 slatsm IA company Ilm6t•d by guarant•• REGISTERED NUMBEK. 01830587 AS AT 31 MARCH 2023 2023 2022 Flx•d a8s•ts Tangible assets Investm 10 19,665 23.786 11 19.667 23.788 Curront assets Debtors Cash al b￿k ond in hand 12 310246 1.351.060 509,036 1.258.852 1.661.306 1.767,888 Credito￿. ￿)ur￿5 faling due *ithin one 13 (761,258) IF20.5111 N•t curr•nt as••ts 1,147,377 Total assots h$$ ¢urrnnt Il•blll¢l•s 919.715 1.171.165 Total n•t ass•ts 919.715 1.171.165 Ch•rity ￿ndS Restricted ftJnd8 15 110,735 208,276 962,889 Unrestrict8d tunds 15 Total fund¥ 919,715 1.171.165 The Tnjstees aCkn￿lAadge thdr respLwblities for c4M¥45fjng wilh the requirements ol the Act Mlh respect lo a￿￿jnting records and preparatK)n off¥)an¢tyl ststomènts. The financial stalernents have been pwred in wilh lh8 wovtslons apNtrAbl8 to entities subi8Ct to the small Compa￿ regime. The financia statemenis were approved and authori5ed kn issue by the Trustees and signed on their behalf by. W,LLQ C Ml¢hell• Catt6rnon Chair D8te- Tlmoth Trustee al• The notes on pago$ 25 trj 42 fm p•1 ofthese finaTrial slalements. BRMSH DYSLEXIA ASSOCIATION IA compary Ilmlt•d by guarant••). CONSOLKIATED STATEMEKf OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 ash flo￿ from op•ratlng a¢il¥ltkns Net cash used In operating actmthgs 18 1134.292) 96.374 Cash flt)ws from Inwstlng a¢tl Divldends. interests and ￿nts knvesl￿*nts Pur￿￿￿￿ ofl#ngitrA8 fixéd assets 2.459 {10.0441 192 (15,582) N•1 ¢a$h u8•d In Imivtlng a¢tlvllO•s 17.5851 {15.39Q} Change In cash and cash •qulvaknts In thè y•ar Cash and cash 8qUNalgnts at the beginn#vJ of thg 1141,877) 1,751,184 80,984 1.670.200 Ca8h and cash equlvalents at the end ofthe year 19 1.809.307 1.751,184 The notes on pa￿S 25 to 42 fonrb Pwt otthe5e ffinwK4al State￿￿tS Pagg 24 (Acompw Ilmlt•d by gu*rnnt••l. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢￿untIng poll¢loS. 1.1 Basls of pro￿1•flOn olflnan¢ial •tatoments. The Statern￿*S havg bw) prepared in acc¥)rdance wrfh the Charifjes SORP IFRS 1021- Acco￿1￿9 and Reporting by Charities: Statement of Recommended Practice applicaNe to charities prepaving ther aCCoL￿ts in accordance wAh the Fina￿31 Rgwtn9 Standard appk'Cab￿ in thg UK arxl RepublK of Ireland (FRS 102) leffeclTve 1 Jarwary 20151, Ihe Finanrial ReporUrvJ Starmlard appliCa￿e In Ihe UK Republic of treland (FRS 102) and the Companies Ad 2006. The Biiti5h Offtxia Associ￿1)n meets the defmthn ol a benefft entity under FRS 102. Assets and liabllt*s aro Inrflally recwMs8d al his1otK￿ cost w trans8dion v4ug unless staleil i the rdevanl a(ZOLntirKJ polKy. The consotidated State￿￿1 of financaal act￿￿85 (SOFA) arnl cons(4idaled balance sheet consob'dats the finanaal statements of the Chaiity and its gjbsidiary undertaknng. The results of ihe subsidiary are (x)n8rJidaled on 8 lino by lino baw. The Charity has lakth of èx8nwtion xlki*td utsJ&r $8clKin 408 of CcAnpanl88 Act 2006 and has ￿t wesented its ry•m slalemenl offinanoaf athitss in Ihese financial stalements. 1.2 Fund a¢¢ounti Genèral lunds arè un￿trthd lunds *4M¢h arè 8valatrAe for use at Ihe discreti￿ tsf the Trustees in rlherance of the ot¥e(aives of the Grrmjp and whth have rw)t bean d8sign818d fv)r other rAwposes. Restricted funds arg fuNls ¥b**h are to in 8cC(xd￿ *ilh sp8dfic r8str1c1￿n9 Impo$8d by d¢mrs or which have been r￿Sed by the Group f(￿ parI￿ar purposes. The costs of Taising and atrninislering such funds are charged agairnst the spe￿f￿ fund. The and use of each restrkted fund Is set out in the notes to the finwxial stsIe￿ftts. 1.3 Ba8ls of eonsolldatlon. The financlaj stat￿￿nts r￿n$0￿ the aco)unts of Brllish Dyslexk4 AS￿latIon and au of its subsidiary urKlertthrBJs {sub5wJiaries'l. The Ch*ity ha5 taken adVant￿e of the exempti(￿ contained 5ectK)n Section 408 of the Compantes Act 2006 not to wewt its (Nm Ir￿ aThJ Expenditwe h£counL The irm aThJ expendfftjre account for the dealt with in ts accounts of the Charity was deficrt of £251.45012022: surplus of £1￿.7￿). Pag8 25 BRMSH DYSLEXIAA%SOCIATION (A company Ilmlt•d by guarants•l. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2023 eountlng polkl•s. (contIn￿d 1.4 Incomlng mour Glft Ald. Th8 subdd18ry ¢knat8s al of Its taxablt wofits undw Grft Akl to th8 charlty. Thè statLrtory income expenditure acr%￿￿t kn the sub5idiwy 15 disthsed in the notes to the financial statements. Oonatlons and gran Donations and grants rnade available for ts ywal pU￿)seS of the Charity are (Jedited lo Income on a recAvable basis. L•gacy Incom•. Legacy income is accounted for on a recetved basis or. rf T￿lpt bec￿$ reaxfflably certain and is measur*lg wrfh suffi(ignl re￿abIty. a rpceivab18 bas1S. P￿lI¢•110n¥. Incom8 from publications is recogmsed on a r8c8ivatl8 basis in thg period in which a publcation Is l>sugd 8nd represents inc(Mne frorn Ihe Sa￿ of educational and promotion811it8ratur8 8nd advertising Conf•r•ncos •nd tralnlng. lrtcomè from eAinfÉranrAs reM￿ts rec*Ned from the delivery of conf*n%*$ #nd training courses. Costs are incjmd in the of these events. Income is accounted for (m a r8C8iV8bkq basls 8x(wt whÉrè incA)mÈ Èxpndilure do not in the same p8rKJd, wi which Case the ints)me t5 deferr•J ￿ rr￿tch expwwyilure. Momborshlp Income. Memt￿$hiP kKom¢ accounted for 8 receiwabk basis and represents rnemberslwp fees arKI subscrip11c￿ in￿rne fmm members. 11 is le¥￿￿ at thfferent rates accordwo to the tevel of Involvement of Iho mwnber and Ihe amwnl of wfftJmwtK)n received. r•¥1 r￿l¥abl¢. Interest on ftmds held on de￿￿1 is t￿t￿n re(*lv8ble and tha amount can bè mè8sur8d reli&)ty by Ihe Ch￿lty,. this 15 norrn￿ty notifKabon ofthe interest paid or payable bylhe Bank. Donat•d $•r¥I¢￿ •nd f•¢llttl• Donated or faclltl•s are In rosLxffeas thg bèr*èfft to the tharlty Is rea￿ablY quarbtifiable measurable. They are Valued by the trustees al thè *nount the charity w￿jId have be8n to pay for Iha s8r¥wx crf facihties on tha open markel. BRMSH DYSLEXIAASSOCIATION (Acompany Ilmlt•d by guarant•• NOTES TO THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 IAARCH 2023 A¢¢ountitrvJ P0￿cl•s. (￿￿tIn￿ 1A Incomlng r•sOUrc￿ {contlnu•d) D•ferr•d in￿. Whèrè it is dear that thè dorTh inl8nd&d thÈ In￿M& or gt8nt to bè used ovèr 8 fixed p8riod of time on SP8ofic project and as a result Ihe Tnjslees have rK* dis(¥etion as to when the funds YAI be èxpèndèd. these lunds wll ￿ treatad as défèrred Incom8 8nd r818ased to th• Statement of FinancAal Aththes to match the expendiiure. 1.5 Resources expended. Islng fvnd$. Fund raising and pulAiLaty evnd1lu￿ ret*esents tho dlre¢l ¢osts of ￿neralIn9 funds and Indudes the Sal￿eS and other direct costs of the [W￿[als1r¥j staff as as an allocatson of premises arKI overhwl cosls. Charltabl• wp•ndltu Chaiitable expeTrditU￿ has been alk￿ated to match Ihe re¥erwJe eamed vtherever possible and indwles an allOcath￿ of persiyK*] wsts ov•lwd o)sts app15¢able. Charrtablo Hewlne. Helpline costs relale to the (yeralK7n of 8.DA. He￿line. Thgy indude vrdges and sala￿￿$. trainlng. telephone. assocrdted wemises r￿sts aTrJ clher sundry items. Development. Deveh)prnent ￿St5 ￿CkId8 expeThYitwe incurred in SUPkM)rting Lo¢•1 Asswotions and othgr form$ membership. as wem as tho costs ofthe ethjcalion departmenL Support costs. Support costs represent overhe•ts. pr8mi8e5 e¢>sts artd w8g8s and Salariès of 8uprKJrt staff without W1￿h lh8 eth8nty not te able to achiwe ils 0tr4ectiv8s. The &)sts have b88n allocated on a proporth?nale ba Governance costs. These (x￿ts relate to the experlditure in respect of personnel. premises and ovgrhoads whlch Can b8 Irectly attritr￿rt￿ lo the management cllhe tharity. as opw5ed to ttThe ir￿￿red in bjrtherance of its otsje(as. Irre¢ov•rable VAT. Irr9o)v¢rablg VAT is ag0w￿l the catw of resources experbjed for vthlch rt was ir￿jIred. Comparatlv• amount Alkncaknns of salary. preff￿Ses and rkwecmfion costs are eac* year to en5we that these costs conlinue to ￿ 9￿ra￿lY asswd by furthn. Pag8 27 BRMSH DYSLEXIA￿&￿0C1AT1OM {A company Ilnfft•d ty wrnnt••l. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2023 A¢¢ountlng poli¢ies. {¢onIlrK￿d) 1.5 R•sourc•s •xp•nd•d. Icontlnu•d) ExpeThlibJre on raNng fuTrts ￿ludeS all expeThJtse incurred by the Gr￿JP to raise ffijnds for it8 L*8rit8blg purwsgs in¢kths ¢osls ofal fvndraigry actmlw evgnts arKJ nM-tharilai4e trathng. Exp￿ditUre on ch8ritabt8 aebvili•s is on dnclly undertaking th8 ac11v￿•S 4thich further thè Group's ci)iecbve8, as as anyassoc4aled ¢>)sts. 1.6 T•milnatlon paym•nts. Tamilnatlon b8nèfils ¥e induded as an èxpènsè in thè Slatemènt of Flnwi81 Activthès and a Ilablllty is incurred when there is a forn￿1 Flan lo terminate the employrnent of an employee or group of 8mployees Wore nomial rellr8n*nt data. Temiination paymènts arè measurèd at th8 b8st 8Stlmat8 of the expeThJrture that wouhj te requirgj io setue the otA*3athJn al the reportiThJ date. 1.7 Tangible fixed aS￿ts and depreciation. TarvJible fwed assets we carried al c05L net of depre¢iatw)n any prow3ion for impairnienL Depreciat*)n is provbjed at rates caculated to ￿lts off the cost of fL¥￿ assels. less their estimat&J resfthal value. overlhtr exk*ded useftA lsves. DeprecaatM)n is provhJed on the bases: Short Term Leasehold Property . Strawht lir Fixtures and fittings - 20% Straight I Computer g(pJipme - 33.3% Slravjht li BRMSH DYSLEXIAASSOCIATION (Aeonyry Ilmlt•d by guarantéè). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MIRCH 2023 ¢ountiNJ Poll¢les. (¢ontlnwd) 1.8 Inv•stffl•nt& Investments in subsidiwi&s are vdued at ¢)Jst tess provision kn irnpairment. 1S Sti>cks. Slo¢k$ We valued ai the lo1￿ of cost ar￿ nel real￿te yak￿ after making the allowance for obsolete arbj Slow￿￿*￿7n9 stocks. Cosl inckhles dwect costs and an appropriate proportion offixed and vadatAe overheads. 1.10 D•btors. Trade a￿1 ots dettrs are re¢L•Jnised at setllern￿ amount after any trade discount offered. PrepayThents are valued al the ￿rK￿nI nel ofany trade disc(￿ts due. 1.11 Cash at bank In hand. Cash * bank ond n hoThJ indth cash ond slwJt4em hwjhty r￿lId Investrnents th a SP￿rI m8turfty of ttrne Th￿nthS or less tr￿n the date of acquith iy operiryj of the deposit or similar account. 1.12 cr￿lt01$. Liabililias 8r8 rncognksed Ih8rn is an ob￿li0n at thè Balan(* Shèèt date as a resLAt of a past event. it is prOba￿e Ihat a Irartsfer of economK benefii wll be required in settlement, and the arnount of the setuement Gqn ￿ estimated rdlaw. Llabilitr8s are reC￿￿nIsed at the amount that thè Ch8rlty anti¢ip8t•$ it will pay to setue the debt c* the t￿nt it has re¢eNod 8$ advan¢od paymonts for the )ods or seNic*s il must ptovide. 1.13 FlnancSal Ingtrwnents. The Grcwp has assets aTrJ financi￿ liabl￿ties of a kind that walify as basic fsnancral instruments. Basic finandal lnstnjw￿Its are InI￿allY ￿CognIsed at transadon value and subsequently meaSU￿d al thelr setderr*nl value with the exception of ba￿{ h)ans vthi¢h are $ubsequ6nlly rneasured at amorbsed cost using the effective interest method. 1.14 Contrlbutlons to penslon fund The Charty operates a defined contri￿￿ pensh)n scheme and the pension charge represents the amounts payable by thg Charity to the in respect of Ihe year. 1.15 Loaw. Rentas paid under op8rating l•as8s arè to th8 consokdated slatemanl of finanrial activitiès on a straight line basis ovèr thè lÈÈse temi. {A COMp￿Y Ilmlt•d by guaranta•l. NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2023 Judgments In apptyOThg aceountlno pollchs and k•y sources of estlmatlon uncertalnty. The preparatwjn ol the fman¢ial slatements reQ￿re5 managemenl to make judgrnents, e$limal8s and assumpti(￿5 that affect the ￿ounts rep)rtod for assets and liatrAlties as at the baance sheet date and the amc4Jnts ￿ported lor revenues and expertses during tr* yE8r. However, the natura ol è8tlmath)n rne￿5 that oulcom¢s ￿￿￿1 differ from those estimates. The following judgments {apart from thos invdwing estimalesl have had the most symficant effect on aMo￿ts rwnlsed In the flnancial trt￿ents. Critical aGwnting estwnotes arHI assuiW•Jns: Bad dabts. UsirwJ inforynation 8vail*A8 at Ihe TJ*¢. the Charity makes judgments based C￿ expeTi8nce regarding the levd ol PTOV7sion requ￿e￿ to acc(MJnt f(K Fotsntially ￿Colle(lIble debtors. In¢om• from donall¢n$ and 1•9a¢l•s. Unr•strl¢lod funds 2023 Totsl fund 2023 Total funds 2022 Donat•)n8 57,985 57,985 290.731 Total 2022 290.73I 29D.731 InvoStm•nt kn¢omè. Unrestrlcted fund5 2023 Totsl fvnd$ 2023 Total ftJnd$ 2022 Barth intsrest 2.459 2,459 192 Total 2022 192 192 Page 30 (Aconyary Ilmltsd by guavant••). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ComMercSal tradlng operattom. The Chanty has wholly owned tradiTrJ subsNlw, B.DA (kniliatsves) Lwnlted is reglstered In Ihe UK. Its purpose is to organise fvThJraisiry events and sdl thertisiThJ to raise revenue for the charity. Th mparry passes ils taxable Fthls lo the charity mler Grft Aid. 2023 2022 Profit and loss accounL Tumovér 461.781 798,820 1293,165) {536.923) Cost of sates Gross profft Other owating incomè Adminislratlve expenses 168.616 261,897 {S,790 12,256} OperatirwJ profft Interest payable and swnlar chanJes 162,826 261.141 Nel pmfil Glft aKI donations to the Biiush A%sociakn Trar￿fer to reserves 163,094 261,161 1163.0941 1261.1611 fncomel {expendlturnD. Thls Ss stst8d after charyiThJ: 2023 2022 Depwiatlon 01t￿l￿4e ￿ed assets- ovm&J by Ihe tharitabl& gr{￿P 13.064 11,124 AUdit￿S remuneration . audit services 13,760 9,280 Pagg 31 BRMSH DYSLEXIAA&8OCIATION (Aeompany Ilmlt•d by guaraTht••). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysls of total •xp•nthtuv•. Dlr•el Staff Support Oth•r DIT•Ct Total funds 2023 Totol funds 2022 2023 2023 2023 Ralslng funds Voluntary kncome a￿1 furnlraising Commercial tra(lin9 Other tradiNJ ￿SIS 40.628 50,973 41.352 82.704 6,891 43.096 165.277 1206 125.076 298.954 1¢735 85.230 368.198 46.958 1￿.239 130.947 209.579 44D.765 s￿.386 Charitable activllies Membership. pohcy aTrJ inforMa￿n projects Projects lethjcalion. qualty mark) Confewww and trair Governan￿ Msts 135.687 127,502 112,834 374orJ 4￿,552 40.619 791.755 10,337 420.413 5.677 91.310 23.891 153,382 1.065,180 8,950 1,303,478 23.891 1.(￿8.3crf) 689.199 443.291 2.200.790 2,128,450 TO1￿ 2022 1,130.030 413.536 ,884 2.128.450 Page 32 BRrrisH DYSLEXIA ASSOCIATION (A ¢onl>a￿ Ilmlted by warnntsol. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 M￿CH 2023 Support cos ma￿•ting & Management ¢ommunlcation$ Flnanc• & ov•rh•ad Total lunds 2023 Total funds 2022 2023 2023 2023 VolLmtary incomo fuTrJraiwrvJ Commercial tradw operatkms Other trading ￿sts Membership, aNJ infomwtion 10.274 11.828 19250 41,352 20.332 23.656 1.971 38.500 3.208 82.704 6.891 1,712 11.202 31.678 36.470 127.SD2 95.554 Projects (educalK￿. qLralty mark) Confer8nc8s and training 2.957 120.252 4,812 195.709 10.337 420.413 32,344 254.104 104.452 171.232 197.134 320.833 689.199 413.536 Toial 2022 181.251 232.285 413,536 Trustees and •mploy•8& 2023 2022 Wages arKI sakdes Soc4al se￿ty costs Ponslon cosls 1366,349 122,063 63.740 1.132277 59,821 1.451152 1.291.663 No Twuslee or any parly related lo thom rece￿￿ any romuneraufm thJrfng Ihe perk)d. Out of pocket expenses tolalling £2.505 12022: £542) in respeLa of travelkng, sub5iStence and leleFIKJne tharges. &SSQLiated ￿ Ih? r￿￿1￿j of dwty We￿ rdmbursed lo 6 TnBlee$12022.' 4 Trustoesl. 0 ompkJyFg rFceiYod rprrwrWatM￿ in of £70.000 . £80.000 12022.1 be￿en £70.000 - £80.000). Penwn pad beh*tof thi5 emkn totalknd £NI12022.' 3,fAK)). The average nLwnber of persons empk)JTrd by the (*arrty dur•)g tho ￿8r was 47120ZZ.. 45 restated) of vthich 2012022." 19) were lime aThJ 27 (2022.. 261 ￿re part twne. The full lime equivalent of the part b'me slaff 17 (2022.. 111. Tv+X) employee5 vRre made I￿1￿￿9￿1 Ihe Jpar (2022.. Nil) Page 33 8RmsH DYSLEXIA ASSOCIATION IA eompwry Ilmlt•d by guaranté•l. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2022 Chief exetijlive Corrference and 8ve4 Funthaising Markethng & communicat*)ns Professrtywl prgcl¢e 41 45 Duriro the year rermernthm P8pJ to koy managemenl totalled £366.88112022.. £270.508). 10. Tanglbl• flxod ass•ts. Group and Charlty Flxturns and Compuhr r￿IngS •qulpmènt Total Cost or valuatlon At 1 Aprm 2022 Addllions Di%posal8 78.547 10.044 (2.994) 78.931 10,044 12.9941 At 31 March 2023 384 85.597 85.981 At 1 April 2022 Chargo f(Y the year On disposals 333 54.812 13.013 (1.8931 55.145 13.064 {1.893) At 31 Mawh 2023 932 66.316 Not Iwok v•lu• Al 31 Mard> 2023 19.665 19.665 Al 31 March 2022 51 23,T35 23,786 IA company Ilmlt•d by guarnnt•e}. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 11. Flx•d as••1 I0¥•$th￿nts. Inv•strnents In subgidiary companles Charlty Cost or ¥aluatioTh At 1 Aw'l 2022 At 31 Marth 2023 N•t book val At 31 Marth 2023 At 31 March 2022 Prlnclpal sub5kllarfes. The folloW￿g was a ￿bS￿rary ￿￿¢¥￿Vyj ofthe Charty. Class of shares Holdlng Includ&d In ¢on$olldation B.OA (Initiatives) LiThMted The f￿r￿la1 resdts d the subsclaryfor Ihe Jwwwe". Namg In¢om* EXp￿d￿tur0 ProflVILossl for the y N•t assots 8.D.A Ilrmliatives) Limited 461049 (298.955) 163.094 Pagg 35 BRITISH DYSLEXIAA&8OCIATION IA lIm6t￿ by guarant••l. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 12. Dthorn. Group 2023 Group 2022 Charfty 2023 Charity 2022 Du• wllhln ene year Trade debtors Amounts (M8d bywp undértak¥ Other debto PrepasThents and aCcn￿d income 86.332 85.422 $8,$73 193,480 9,810 48.383 42,462 412,322 9.810 51681 57.868 54,252 148.823 143,290 310.246 509,036 13. Cr•dltors: knounts falllng due T*lthln om y￿. Group 2023 Group 2022 Charlty 2023 Charity 2022 Trade credit￿S Olher taxauon and gxlal secuiity Other creditor5 Accnt* and dofwred incc 16.302 46.527 11.407 672,861 42.730 28.884 11.591 678.073 16,302 29,497 11,407 563,305 41.IM8 11.589 757.045 858.082 747.097 761.258 620.511 Page 36 IA ¢ompany 11ml1￿ by guarnnt••). NOTES TO THE FINANc￿L STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Certakn grant aThJ other Inc￿ne knduded vthh -Accruals and Deferred Income- In Note 13, is recognlsed when the Llejivery of a specrfic performance relatirvJ to the IncA)m8 has been a¢hleved. Movement on defeffed ir￿(￿￿ balwThs dLNWYJ the yaar ￿e set oui tetw. A¥atl April 2Q22 Rec•lved Tolal funds R•leased Train1￿ cc*Jrse5 Assessments 493.759 49.705 913 864.432 253.854 36,883 41,119 52,236 {786.933) (256,513) {24.749) (43,482} {49.8061 Sf12S8 47,046 13.047 53,186 26.665 Confèrènces OCN fees 24235 624.161 1.248.524 {1.161.4831 711.202 P4e 37 BRMSH DYSLEXIAASSOCIATION (Ae(Mnpany Ilmltad by guaranto01. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31141ARCH 2023 1& Stst•m•nt of fvnds. Stat•m•Tht of funds- curv•nt y•ar. Balanu at 1 Aprll 2022 Inepar 23.786 23,786 1,686.198 1.894.474 1747.097) (747,097) 208.276 Total 208.276 962.887 1,171,163 (A¢ompany IlmSt•d by guarant•• NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 R•conelllatlon of n•t mt)v•m•nt In funds to n•t cash flow frnm op•ratlng actlvltt•s. Group 2023 Group 2022 Net incomelexperKJiture for thg las Per Slalemort of FlrArvSal AGtivities} (251AS0) 100,790 Adjustments for. Dèpre¢i8tion tharges Interest from investments 13.064 (2.4591 1,101 (5.5331 110.985 11.124 {192) Loss on the sa18 offix8d assets Decreasellln¢reasg1 In debtors Incre88ellde¢r8a8el in c¥editors 17,097 (32.445) Not ¢a$h yovld•d byl(us•d In) operattTrg aclml 11¥2921 %,374 19. Anilysh of •KI ¢•sh oqulv•lwts. Group 2023 Group 2022 Cesh In hand 1,609,307 1.751.184 Total ca$h •nd ¢•8h •qulvalents 1.609.307 1.751.184 Analysis of ¢hang•s In n•t dobL At1WI 2022 At31 March 2023 Cash flows Cash at bank and In hand 1,751,184 1141,8771 1,609,307 1.751.184 1141.8771 1.609.307 21. P•nsion ¢ommltm•n The charity contributes to th8 ￿rsOnal p8nsKffi rAans ol (*rtain of ils employ88s. whith are held in defined contribution schem&s. Contn"butiorts are tharged ￿ the finarKial statem8nts on an accruals basis and there were £9.516 {2022: £9.3341 of outsl8nding (x)ntr*JutiLVts al balan¢e Sheet date. Penskffl wsts charged in the yeorvme £63.740 (2022.. £60.969). Page 41 BRMSH OYSLEXIAASSOCIATIOM (ACOM￿nY Ilfflltod by guw¥nt••k NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Op•ratlng le￿¢ commitm At 31 M8rch 2023 the Group arxl Clwty had ¢c¢))nNtiMts to make fu￿re mlnimuffl le858 payinents Lnder nonwcancelIab￿ operat￿g leases as folhxB: Group 2023 (knp Charlty 2022 21)23 Charbty 2022 Not later than 1 Later than l year not later 24916 29.041 28.730 24,916 29.041 28.730 ¥916 57.771 24,916 57,771 Related party transactlons. DurirvJ the year. there were Th) refaled partytrarts8¢tion$ otrwthan folowing". Reimt￿rseMont of exp8nses incjjrred by certain Twslees ￿ the furtheran￿ of Iheir acbth as Twustee$1s8e rK)le 91. Donations from TnJst88S tolallrg £1.668. Page 42