Reglster•d numb•r: 01830587 Charlty nUmI￿r., 289243 BRITISH DYSLEXIA ASSOCIATION (A company Ilmlted by guarantee>. TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 BRMSH DYSLEXIA ASSOCIATION IA company Ilmlt•d by guarantee). CONTENTS. Page R•f•renca and admlnlstratlve d•talls of th• Charlty. Its Trnst••5 and •dvls•vs. Chalrman's statemgnt Trust•e$' r¢port. 4-16 Independent audilorfs report on the Ilnanclal statements. 17-20 Con$olldated ststement of financlal actlvllles. 21 Consolldated balance shwL 22 Chadty balance sheeL 23-24 Consolldaled statèment of cash flow 25 Notes to th• Ilnanclal 8tat•ments. 26-43 BRMSH DYSLEXIA ASSOCIATION (A company Ilmlt•d by guarant••). REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY. ITS TRUSTEES. AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees. Michelle Catterson, Chalr Delia H8zell Fauzia J8n (reS￿ned 12 Au9usI 2024) Timothy Neale Dr Georgia Niolaki Enrico Riva Dr Helen Ross (resigned 28 August 2024) Nathan Dawes Ireygned 28 May 20241 Arran Smith Barry Stanton Shoshana Whybrow {appoint8d 23 August 20231 Marcia Brissett-8ailey {appointed 23 August 2023) Helen Ashley Taylor (appointed 23 Augusi 20231 ompany reglslered number. 01830587 Charlty r•lllst•r•d numb•r. 289243 Reglstsr•d offl¢•. 1 Friar Street Reading RG1 1DA Independent auditor. James Cowper Kreston Audit Chartered Accounlants and stslut￿ Auditor Reading Bridge Hwse George Street Reading Berkshire RG18LS Bank•rs. Bardays Bank p.l.c Reafjing Branch Mid Thames Group P.0. Box 27 Reading. RG1 2HD Page 1 BRMSH DYSLexiA ASSOCIATION (A company Mmited by guarant••l. REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY. ITS TRUSTEES. AP4D ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Sollcltors Boyes Turner LLP Abbotts House Reading RG13BD Exe¢utlv• Offlcws: Chl•f Ex•cutlv•". Chwwne Preston (until 30 September 20241. Ellen Broomé {from 30 September 2024) Pr•sldenL' The Lord Addinglon Vlce Presldonts: Professor Angela Faweett Sharon Hodgson MP Tom Hunt MP Professor Joel Tal￿tt Sir Jackie Stewart OBE Henry Smith MP P￿2 BRrrisH DYSLEXIA ASSOCIATION (A company ilmil•d by guarant••). CHAIRMANE STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 It is wth ple8sure that I pr8sent the Brilish Dyslexia Asso(aation's 202>2024 trustee report. This has been a year of ¢onsolidalion aTK5 stabilisalKJn followin9 thange$ in our leodership team and against the backdrop of a challenging third Sector landscape and pressures in the education sector which have been inl8nsty.ng over the past few years. Nevertheless, we have launthed a number of new initiatrves ￿lCh. together with c4Jr on90ing activities. have en8￿ed u$ lo support mr*e beneficiaries and ffjath wider audien￿$ than ever before. Thls year we ylotod and then launthed in full a rolhNJ Kryramme offree wetinars targetyng a variety of audiences.. par8nls, educat￿$. adulis dys￿mi3 and workplaces. Our 24 sessions have reached a staggerirKJ 19.693 benefKiaries. Feedbath has been exlremely positive and M is dear that there is an urgent d for ihe provi5i0n of acce5wble. gTr)d quality inft)Miatir￿ and advice. Thls ￿Cture Is also ￿InfOrCed by the ¢Mstant stream of enquiiie5 io wr national Hdpline and vis11c￿$ lo our media channels. Chjr Hebk'ne vo￿n18erS have SUPF4ts1 over 5,500 kEople in totsl in this peri¢JJ, an increase on prior years. We had over 1.7 million new user5 aCce￿ng information on our website. and our soaal media audiences grew by 11.9%. These rising fwJures indicate the urgent need for svprK)rt fett acmss all parts of souety. l am therefore glad Ihal we are working wilh m￿e O￿anIsationS seekin9 to achieve our Dyslexia FrieThlly Quality Mark and n¥Jst ments.cm the dedication of Willshire Council and the Wiltshire Specialist SEN Service in rolling oul the Quality Mark across over 25 schods. We have also trained over 3.Crf)O people at¥oss our Irainlng programmes whith is a Considerab￿ feaL and we continue to WO￿ with organisath)ns from all over the UK to increase awareness about dyslexia and related speufic leaming difficullies. This year we were also able lo Krtrc*duce a liffwied Dvagnostic Assessment 8ursary Scheme for indNiduals from low-income househc4ds. We were oveThvhek￿l by applicati￿$ and are curr¢nUy seeking funding to extend this scheme. It was a real hi*)light to be able lo meet several of our beneffiuaries. volunteers, advocates and supporters al our Annual Awards dinner held in June. thjr award ￿rynnerS had accomplished so much, often in the 18ce of significanl adversity.11 was an inwra¢Fon to be able lo hear their stories. and a delight to be able to celebrate Ihelr achlevements In style. We are especially gratefvl to our voknnteers, men*>ers, f￿dralSerS. donors and fttndets make it POS5ible for us to continue this work. I woukl also like to extend my sincere thanks lo my fellow Trustees. our staff, o partners and suppliers for their urwavering eff(wts 8nd commitrnent to our char¢ty. On behalf of the Board, I would like to express my gratitude to our ouwng CEO. Clwvcmne Prestcffl. for her hard wcrt and steady approach. and express a wann welcome to wr new CEO. Ellen Broomé, VAK) joined us on 30th September 2024. Michelle C8tterson Chair Date= {11 IL Page 3 BRMSH DYSLEXIA ASSOCIATION IA company limit•d by guaranl•e). TRUSTEES. REPORT FOR THE YEAR ENOED 31 MARCH 2024 The Trustees are pleased io present th*'r 8nnual reF&¥t ttyJetherwth Ihe ¢onsolidaled financial staterrenis of the charity and its subsidiary for the year en(led 31 March 2024, which are also prepa￿d lo meet the requirements for a dire¢tors' reptyt and accounts for Companies A¢t purposes. The financial statements have been prepared in accordance with the Charitles Act 2011, the Companies Act 2IX)6. the Mem(xandum and Artides ofAsscvatyon. and Aeetyjnling and Reptyting by Charitles.. Stsiemenl of Recoffthmended Practice. applicable lo tharities weparing their accounts in accx)rdanc8 Wth lh8 Flnancial ReportSng Standard. akwlicable in the UK and Republc of Ireland IFRS 102). The informallon on page 2 and 3 f(m part d the Trustees. ReiyJ1. The Trustees o)nfimi Ihat they have referred lo the Charity Commission's guidance on public benefit vA)en reviewing the Charity's aim5 and obieclive5 and when plannin9 fuiure actr￿tieS. OBJECTIVES AND ACTNITIES The Biiiish Oyslexia Associabon 1.the BDA" "the Chari￿ has its prinapal objects contawied within the Charivs mernorandum and articles of assocÈatIL￿. ￿bL* are: 'Yo advance the education of dyslexic F*e of all ages in relation to 811 aspects of dyslexia and related conditions. and to ￿dUct researth for the wtAi¢ benefit inlo the FKobl¢ms of dyEte¥ia and rolaled Ccmdits.￿S and to diss8minate the results of swh research." Vlslon, Mlsslon and Valu88 Vtslon Our vlslon Is ￿ a world where peo* vrtlh dyslexia can I1￿11sh. Mlsslon Our mlsslon is lo thange society by remving bafflers $0 that everyc¥* whth dyslexla can reach thelr fvll FM)t8ntial in education, in employment and in life. We raise awareness We Info￿ and educate lo encourage and inspire thange. We promote understsnding We base our expertise ￿ 8videnc* and research, s8tting wofesS￿81 s￿dar(IS and influenctng policy. We empower pewe As the leading national dyslexia charity, w8 SF*ak tthaff of the dyslexi8 (x)mmunity to thampion a dy4exi&frlendly society- Values EX￿llen We worff with our community 8nd eth ctherto continuc4Jsly imtffove all that we do and the seNees we offer. Respe We are an inclusive (ryonisalion where ev￿Y￿￿ has a voice which is li81ened lo and is vahJ8d for the unique skills they bring. Team wcwk We collaborate and 5upF￿ eath other in pursuit ofour vision: we are strongest and most effectiv8 when w& w(￿k together. Page 4 BRMSH DYSLEXIA ASSOCIATION (A Compary limited by guarantee). TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Innovalon We embrace drfferent IhlnkirKJ and encwrage everyone to bring their idea$ and initiatives. reflectirwJ Ihe diversity of th8 CLvnmunty we SUFVOrt. ACHIEVEMENTS AND PERFORMANCE Our acdvltles 2023.2024 Our straiegic o*'ecDves f￿ the Ilyge years 202>2026 are: To build a sustalnabl• organlsatlon wlth dwnonstrablo Impact. Our Impact-a $ummary We responded lo 5.507 enq￿lieS via our Helpline We sKowded 24 free inf0mlatic￿ webinars which have reached 19.693 benefidaries Jr online informab'on pages had over 5.6 milli¢>n views Over 1.7 mllllon users accessed inftffmalion ￿ our b￿bSIte r monthly e-newsletter reaches an audience of 36.648 and has an open rate of Jusl under 40% Our social me(li8 channel aut1iences grew 11.9% fmm last year to 125,122 followers We 5UPPOrted 37 Local Dysle￿a Assoclations We worked with 103 s¢h¢)ols and educati¢)nal settings seeking our Dyslexia Friendly Quafily Mark We facililaled 2.329 diagnostic assessments and promded 25 bursaries lo indrviduals from fow-income households We accredited 31 COUT5es of study and over 2.000 Ind￿idUal wofessiona15 We trained 2,772 delegates at 74 live training events Over 320 individuals succ*ssfuly c(ynFAet&l acue(liled frleaming Iraining courses We ensured that 15 sp•akors wwe at4e to F*esent evNlen(* to partIam￿tallanS tn Westffinsler Promotlng the advancement and dlssemlnatlon of knowledge aboul dyslexla and related speclfic leamlng dlfflcultles Helpllne We run a natsonal Help￿ine which answers enquiries frcrfn members of the general public Ila telephone. email. our social media FAalfcffms and in the posi. We aim lo prowde supprAt and advice on matters relating to educalion. work and living in sooety. and we rewve the Malc￿tY of enquiries from parents, adults with dyslexia (both in and out of work) and emrdoyers. Dumg this peric¥J. we respmded to 5.507 enquiries la small increase of 1 % on the prior yearl received a(xoss all rjwinels.. Telephone 3.086 Email 1.808 Facebook 383 Inslagram 228 Letter Totsl 5.507 Our Helpline is stsffed by a team of voknnleers who we Irained and superwsed by our Helpline Manager. Emails and direct messagès via soeial media are resFthded to throughout the wthing week, with monlhly'lnslagram takeovers. vthere qu8sb.ons are ￿￿lie£l Instsgram, 8re answered by Helpline and posted publicly. Helpline Page 5 BRMSH DYSLEXIA ASSOCIATION (A company Ilmlt•d by guarant••}. TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 volunteers undergo a substantial trdining Fwogrdmme and are Monit￿ed dosely io ensure the advice and infomiation provtded is accurate orKI conwslenL This year We*￿ed new volunt88rs lo th8 team and also extended our telephone helpline opening IKXty5. 'Thank you for the prompt and comprehensNe repty lo my reqtjest. Our hope would be for [child3 lo slay in malnslieam educats.on wrtn extra re*ing support largeliw dyslexia. I hope Ihal this is nol a pipe (Jieam. Again, many thanks for your help." "I have ha¢J a lantaslic wtrtten response lo an enqulry about my son's dyslexia screenlng result. l am so grateful lor Ihls help armj support. Irs [RgI￿.9.1TrQVll to know how to move lo￿ard and whether we shouk1 pursue thlngs thrther for our son and thls has helped enom￿u$ly. Thank YOU so much." 'Yhe Pfompiness of Ifbe response has been exceptional. The Fersonahsed response. specfficalty aUdie55w our siluation. was very much apprecRled and the axrtlonal Informats'on and links were more than helpful! Thank you." "Just lo say a massive Thank You to the w vtho helped she was slmpty amazing" Feedback Irom Helpline users Fr•• Inforrnatlon E￿nts During this period, we intr(￿v¢8d a programm8 of regular fr80 information webinars taking place every few weeks. Each session lasts approximately cme h¢Mr and aims lo provide an Intr￿jUCtion to dyslexia, dyscalculia and related challenges, strengths and strategies ￿ supporL The target audien¢e is a wde Gross seC￿)n of society: educators and professic￿815 working W*ith leamers in wmary, secondary. further and higher and alternative e(luca1￿. parents of all age chiklren. adults dyslexia and employers. In 202>2024 we WQVKled 24 free weblnars ￿1¢h read￿d an aUd￿nCe of 19.693.. 6.468 watched live and 13,225 watthed the recording after Ihe evenL In additson. we had a large sfall at the Dyslexia Show in BirmFngham in Marth 2024 w1￿ch was well attended wtth lots of wsitors seektng infcffliation and adwce. We atso delvered a spedalist tslk aThJ participated in the opening panel discussw)n. "A realty valuable session. inft)miatwe. tnoughl prov0￿.09 and len me wantirwj to leam more.- -1 gol a lot out of Ihe hour wetsnar. I have new resources and Mjeas to expbre Thank you.- ery inloimative an¢J ac￿SIble Gc(rfJ Informat￿n lor parents an(1 schools." -1 have never reached out for support understaThJlng my dyslexia. webinar was the first step not onty to support my chikl who I suspeci has il txrt aLw mysell." FeeOlh%K from atten(lees at our tree information webinars Dyslexla Awareness Week In Oclober we held a successful Wexi8 Aware￿ We8k I#DAV123) w the theme of'uniquety You,. We shared lived experienee stories of over 60 cdebrities and members of the pubtic and published I￿r first podcast, all of sthich received high engagement levets throughout the week. In addrtion. we provided resources and aclimty pacJ(s for schools featuring 'Finn the Fingerprinl. and fvrther downloadab￿ resourc05 workplaces such as posters and faei sheets. Our #DAW23 medrd pad( was wldety used allowlng indiwdu8ls and org8nisations lo share our m8ssaging on th￿r own channels. Page 6 BRMSH DYSLEXIA ASSOCIATKIN IA conwny Ilmlted by guarantsel. TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 'Il is imwtant to raise awareness ofaY￿13 l￿1$e... 11 was tra￿atiC being a chiK1 wilh tyslex￿. The kibd of tew sluwl stuck haTd. I have tmdden in plain vwi all my life no￿ng now thscover I c￿7 i&wJ. ¥wrte ordo rnaths L￿USe of the s￿ma I cawy trom schcoi. Even rKW4 I cry when I talk at￿ iry ¢JysIex￿ because l am Ihal vufneTabk cfthd agaln. I don'l wanl ￿YOne else to go Ihrowh thmkng less Oftl￿nSel￿es as I have." Exlract from whal makes Y￿ #unKpWY￿- Soraya. trLxm Dyslexla Awdreness Week Dlgltal outrg•¢h all channels Our website and digtsl channets are the first port of call for many seeking advi￿. support and guidance on dyslexia and traffic continues to grow across all of our plalfomis. These substantial vtsitor numbers demonstrate the urgent need for tyjr seivices and support. During the year. we havè eontinued lo develop our presence on soaal media with regular, topic31 posts pwomoting traffic lo our w8bsile and the other services and support we offer. In athlition, we publish a M￿thlY eqnpwstettw ￿0¥￿11￿9 regular information and upyates to a more bespoke audion¢e of benefi¢iarie$ and suppyters opts'ng By the end of the year our aUd￿CeS were as fo￿. Prknr year2 21x2-2023 Curr•nt y•ar 2023-2024 e-Nth￿etter 24.473 36.648 497% Soelal medla ehann•l Prioryear 2022-2023 CuTr•nt y•ar 2023-2024 Fa￿l)00k 40.082 43,871 9.5% Twrtler 32,242 32.776 1.7% slagram 19,5C6 24.395 25.1% Linkedln 19.991 24.080 20.5% Totsl 111.821 125.222 11.9% During this period. our webwle had 5,626,250 page vie*￿ which IndUd￿ 1.781J42 new users. 'The atsolute worst part of hawng a t1￿1 wilh ltys￿a is seeiry me erno￿onal Lpset aThJ wony it causes your chikl. INhy am I siutKI". do I h￿e to ￿ hke this-. That aw￿1 feeling In Ihe prÉ of y￿Jr stomach trying to make your thi￿ feel better. Exttact from 'My JWFTW as a mum of a dyskxic chikf featured on our wetslte Page 7 BRMSH DYSLEXIA ASSOCIATK>N IA Company Imlt•d by guaranl••). TRUSTEE¥ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Rosèarch During this period, we parlicip8ted directly in the De￿1 Dyslexi8 Study. o wciect led by academic researcher5 together with the SpLD A5sesrnl StaThlards Committee ISASCI. We also continued to receive infomiation ab¢￿t new researth Unde￿aY via a dedicated page on our website. We received notification of 25 research projects and. following suifable due diligence, we shared calls for research partic¢panls via our media channels f(w apr*oximately half of these. In addition, we Undert￿)k substantial pyeparabons ¢wr InteM8t￿81 Confwence taking place in June 2024. whith showcases academic researth fri)m around the wryld. We established an impressive saentific committe8, chaired by Professor Silvia Paracchini fr(Yn the University of St Andrews, which issued a cal for abstract submissions, revlewed suLNllissN)n5 aThJ agreed the conference programme. The first in-person inlemational Conference lor wx years. this event provides a crucial platfomi to galher together experts and specialists to learn and to idwrtify opporlunili8S to further advarKe our under5tsnding of dyS￿xia and relaièd specific leaming difficuliies. To nurture and r•pr•s•nt an engaged and Informed communlty. Membershlp As a membership organisation we provtde infomiatiC￿ and opportunities to attend events and training lo our members. During the year we also publish a monthty general eanewsletter and provrdè 2 issues of Contac( our membership magazine. lo rnembers. Fotb)wing review of membership survey resums, ￿ introduced a temily &n8wsletter speufically for prolessional members, 'Insights' and pibled speaalist teacher and assessor online support groups. We will continue to review member benefits lo support the recruitment of new members and the retention of existing membeTs. Supportlng LDAS The BDA vmrk *on￿ld@ 37 affiliated Loc81 Dyslexia Associalicffts, each a separate charity, and promdes tr8ining and support to Iheir volunteers. During thhs pericrfl, we provided ses5ion5 on themes including.. diagnostic a$ses$menls. dyslexia sUPWt ￿ the workplace. assistive tethnclogy. dyscalculia, adult life hacks, support in higher education and h￿e schcding. Sadly. the number of affiliated local ass0uatl￿S is steadily detxeasing.. approximate￿ 4 ctose each year due lo chaHeng8s recnjiling volunteers and other faclors. Over the past 12 months. we have been reviewing options lo eale alternative models to en$￿￿ that support in I￿?1 communilies can continue lo be available. As a ￿S￿1t, we devised a Local Hubs Pilot Proieci and SLuessfvlty applied for funding from a Charitable Trust lo roll this project out in 2024. This will enable us to hamess lh8 suprth of community voljnleers without the roquirements of setting up an(1 maintaining a kncal association. We were delI￿ted to be able lo offer small grants lo 6 LDAS to support with the local dekvery of face4o•face leaching projects: Croydon Dyslexia Association. Dyslexia Comwall. Hereford and Worcester Dyslexia Association, Oxfordshire Dy51exia As￿latIOn. Shropshir8 Dysl8xia Ass0uati￿ and South W8Mckshire Dyslexia AsscoatiC￿. Equallty, Dlverslty and Incluslon The challty is committed to activdy ueating a vmlcrming and supporting culture for all sections of sodety. We continue to use our communication channels to share SIL￿eS of people from all backgrounds and are pr8senl on a variety of platfomis vthh the aim of reathin9 a Ixoad audience with sto￿S from different lived experiences. We raised the IssLte of Inte￿e¢11￿1ty 7hith the All Party Pavliamentary Group in Westminster in March 2024, with five speakers providing testimcffly C￿ th￿r ovm experiences. This session was well attended. and feedba Page 8 BRMSH DYSLEXIA ASSOCIATION (A company limlted by guarante•). TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 indicated this w8s a powerful sess1c￿ ￿lch re$￿ated ¥41th Many. During the year we improved our dats coll8cti￿ actiwes and issu8d a nUm￿r of quostionnair8s to aim lo bvild dearer picture of the needs of our Stakeholde￿ to Mlentify gaps in our authences, work which wtl continue in the next p8ri0d. Fundral$lng The BDA takes a diver￿fIed approach to fundraiswig, generating Vo￿jnIary inu)me from indivldual donors. fundraisers. companies, from trusts and foundatIc￿$. We are incredibly gralefvl to everyone who suppcwts our work bul Sn particular lo our fundrJi5ets WFV) not rdise urgenuy needed fijnds for us bul also raise awarene55 by shafing their stories and reasons for fundraisiThJ for us. Some individuals made personal donabons and olhets raised funds for us via chall8rKJe events such a5 the Great North Run and the L¢)ndon Marathon. A thank Y￿ to Ihe remarkable individual$ of all ages who have embraced extraordinary thallenge5 arHJ events lo fur&Sraise for us, and to the generous contributions from indiwduals. s¢hools. businesses. and trusts that consistendy sUp￿rt the BDA throughout the year. W8 also received some legacy and in-meThKry donations and are grateftA lo the Individua15 families who support our charity al th￿r time of k>5S. The BDA uses agencies in re¥*d of payrd gmng. p￿¥ oTrb'ne grving and sp)nsoTship sites such as JustGlving. The BDA is registered ￿ty1h Ihe FuThJraiwrvJ RegUlats￿ and cwles the slan(lards oullingd in the Fun(kaising Regulatorfs Code of FundraisiThJ Practice. We have received rKI complaints in reLqtion to ow (undraising practices during the year. -1 donateo to Ihe Brtt￿h Dyslexia Assoclalion l)ecause I would love other children to know Ihere is light al the end of the tunnel. It may leel like you're a failure and nolhing you Oo go(MJ enough. bul that isnl down to you. we have strengths in other aieas." '[My btotheri was diagnosed Dyskxk3 when he was 7 years ok1 He has signilicantty struggled throughoul f¥s schcoling L)oth academicalty aThJ mentslty due to stigma and mlsunderslanding The suptxjrt that me BDA pro￿￿e￿ him and our parents through resources, workshops and advlce ensure [he] overcame these dtifrullies and allowed hsm to navMJale his way I￿r￿g￿ life tsecoming the happy and successftjl man he is today We would love to give something back lo the chatty vthich gave our fanHly so much." Feedl)acK fr￿ donors ano lundraisers To advo¢ats for dyslèxla4ritndty changè a¢ross so¢￿. We aim to InflL￿ce govemment and other inst1￿c￿S to promte a dyslexia friendly society that enables dyslexia p8ople of all ag8S to reath th8ir fvll potential. D>8l•xla Frlondly Quallty Mark IOFQM We continued lo work wth schools and organisati￿$ to devehjp dyslexia-friendty practice. The DFQM provides a frameworf( enabling organi5alions io improve their underslandir4J of dyslexia and develcp the support they offer within their sethng5. There has been ￿lce as much interest in the DFQM from educ81N)n81 estsblislwrnnls this year tximp8red to or year. and we are working with an exparKling variety of educats'onal settings. This year. 37 schools currenuy hold DFQM ststus and a further 66 schods are wrmking towards achieving il. We o)ntinue to work dosely with Willshire Council and the Willshire Speciali51 SEN servi￿ who are suppth.ng two cohorts of schoo15 with their Page 9 BRMSH DYSLEXIA ASSOCIATION (A company limited by guarant••). TRUSTEES. REPORT (CONTINUEDTr FOR THE YEAR ENDED 31 MARCH 2024 DFaM and are delighted th* 11 have successlu1￿ athieved DFQ slatsJ8 with a further 15 on track to athieve this in 2025. We are also vnrkn.ng wrth other councils to supwrt OFQM in their areas. In 8dditiw, during thi5 perwJJ we Iaur￿hed the Dysle￿8 FneThJy Quality Mark for the Workplace and are delighted that by year end we already hove 9 organisations listed.. 5 with the Bronze award, 2 with the Silver award and 2 Ihe Gold award. "Having ihe t)yskxia Fr￿ndlY Quality Mark Is our commftment to empoweting every leamer and cieatirg a supportive environment wlwe all pupils can thrive.. "I have oyslexia and I have struggled wth reading and wnting in the past. tyrt in my SchC￿. they ale great with support. ano I have a laptop lo hdp me wrth this now. I feel more cOnf￿ent in my wrltong in class.- "The strategies ano inletvenlions put in place ft>r our pupts wrth Dyslexia nol onty support them to rnake aC￿lerated progress bul help devek)P Ihe literacy ski115 of all pupil5.- Feeotsack Irom slalf and pupils at Wesl SchTr)l and Colege. West Kirby Wirral Pollcy advocacy The BDA works ccAlat)orativety to advocate on behaw of our benefttaries. As a member of the Special Educational Consortium {SEC). a group of iu5t under 40 ￿nISalk)nS in the SEND sectr*, we work with govemmenl departmefts a￿1 partiamentarians to inform pdicy development and ￿)MMent implementstion and issues arising. As secretarial for the APPG on Dyslexia 8nd olher SpLDs the BDA supported meetyigs this year where a total of 15 speakers presented on the followng themes: Perspectives on Eaty Screening (May 2023) Refomiing Assessment in Secondary ethJ¢th.. can we provth a fair and T8￿vant evaluation of the knowledge and skills ol all leamers? (September 20231 Intersections Df Dysle￿a.. ethnioty a￿1 Cultural PersFeCtives (March 2024) In &ldition. during this year the BDA pro¥ideil ￿ering$ to parkamentsrians tm: The SEND and Altemabve PrOVFSi￿ Imwovement Plan Use of Assistive TeChn￿￿Y to SuppMIrt SEN Finally, we submltted detailed respLwses lo the foknving c￿SuItalion'. DepartM￿t for Education Irr c(Ke cC￿lent framework and earty weer framework: call for evidence Annual Awards We were deliyhted to recc*3nise and celebrate the aCh￿vements of indi￿d￿81$ and cKganisati¢)ns al our Annual Awards 2023 ceremony held at the prestiglous Drap￿$ Hall In Lorwjon. This event gave th& opp¢ytunity lo highlvJhl the inspiling storie5 of young people, volunteers, profeSsic￿31$ and membws of the wkjer wmmunity and draw attention lo the ongoirKJ campaign for a dyslexia-In"endly society. To provld• and mod•l txp•rt s•r¥lus. Ass•ssmonts Our assessment services covering England and Waks. ensuwe that individuals of all ages a￿ 51gnposted lo thè very best diagnostic and workplace assessments appropriate to their needs. We provide a¢¢ess lo assessors who meet the highest slaNJards of professional pract￿8. hrAding active aPFryri8te professional qualifications Page 10 BRrnSH DYSLEXIA ASSOCIATION (A compary 11m1t￿ by guarant••l. TRUSTEES. REPORT {C014TINUEDI FOR THE YEAR ENDED 31 MARCH 2024 as well as AMBDA accreditati(￿ and Assessment Practising Certifficates wthere required. During the period we provided infomialion and advic8 abwl assessm8nts and facilrtated 2,329 assessments, a 14.5Yo incre8se on prtor year. Assessment Bursarfe• We were pleased to b¢ able to offer 25 Lwrsaries to supF￿ diagnoslic assessments for indivhduals from low- income households. Feedback from recipients indicated that undergring the assessment prcws enabled them lo have a better understanding ofthemselves {78%) and to b8 mcffe ￿ts¥e about their ab￿￿tieS and on strategies lo help them Nwlh thelr challenges I56%1. However, a minority responded that they felt 'rnoTe Fwful about my ytualKJn' {44Vol. -1 leel l￿W wtttt the thghl suptx)rt I will have more coTrfK1en￿ to go back to colege to further myself to get the job I wanr - Assessment ￿rSary reclplent -(rhe Lwrsary) has gfven us an opportunjty we coukl not have afft)rded othe￿iSe. n has gwen us the cOnfi￿al￿n we nee¢Jed... am we belEve the school will now have lo make provision for (our CnihJ)- PaTenl of assessment bursary recipient. Accredltatlon We continued to accredit courses for sp8(ialisl lea￿r$ to sludy and for their c(Thp818nce lo be recognisad through our awards of AMBDA. ATS. APS and ALSA. IrMlivTrduals successfulty completing these courses of slu(Jy are aligible to apply for indNidual accreditation by the BDA As part of the maintenance of professional stsndards, we encourage professionals lo undertske regular continuing professional developm8nt lo slay up to date with best practicè in the fidd. We cfftntty ac£redit 2.018 individuals. an inc*ease of over 26% t)n prior year. This work is overseen by the Accreditation 808r(I, an independent sUb￿millee of the Board of Trustees. DU￿ng the year. Gawn Reid stepped dLJwn as Chair ar￿ Charle5 Hulme was welcomed as the new Chair in O¢iober 2023. We are very grateful 10 all memtsers of Ihe board for the lime and expertise they have contr11￿ted this year. At the end of the y88r, 31 courses were accredited: 19 Level 7 Dy51exia. 1 Level 7 DyscalcAJlia, 3 Level 6 ALSA. S Level 5 Dyslex41. 1 Level 5 t)ystskulia and 2 Levd 4 ASL Profèsslonal Tralnlng We PTovide a broad range of training to a wv4Je aUdIer￿ and duriThJ tFMs permjd delivered 78 bespoke trainlr seS￿onS to approximately 2.772 d*gaies. These Sessm)r￿ indude(I: Infomalion webinars lo cyganisatiorts as sthools and empkjyers Haw and whole day tr8inMg modules. delivered both ortine arKI in person. avalable to the general public or a b8spoke basis to organisations of all types In addition, we provided training courses lo qualificaticffls al Level 2. Level 3. Level 4, Level 5 and Level 7. available wa our e-leaming platfomis. This is uyjafy undertaken by professional ￿ueatorS and those supporting indivtdua15 in sthc¥Jls, fvrlher or higher educatron and in employment. A to￿ of 327 indivi¢Jv3ls successfully com￿eted accredited CA)urses during this period and we We￿ delighted that gome of them were able lo join us at Graduation day hehj at B￿￿n Abbey SenK>r School in Septsmber. We were also very pleased to Ib)st two txrfrferences whith havé reathtrj, in total, an audlerte of 483 people.. Page11 BRMSH DYSLEXIA ASSOCIATION (A compary Ilmlted by guarantse). TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 A Dyscalculia Virtual ConfeTenee Tr im[￿lanCe of using visual m8teriaEs in maths leaming, In May 2023 Dyslexia and Dyscalculia Virtual C￿ference. c￿ating a positive leaming environment in February 2024 Recordings were available after each event to lacililate ￿￿ter partitipation. FINANCIAL REVIEW The Consolidated Stat8menl of Financial Athities for the year ended 31st March 2024 shows a defidt ol £231209 (2023: deficit of £251.450}. Incom• Total income has increased by 6% to £2.062k {2023.. £1.949kl. Income fr(Mn Charilable 8Ctivities has increased by 3Yo With growth in trdining arKI accred1tatK￿$. Donations and legacies have increased ty 44% mainty due to legaaes received in th8 year. Income froffl fundrai&ng event5 has grown by 29%. Imiestment of cash during the yèar into short terni deposits has led to an increase rn investment incom8, an inC￿e Irom cornmercial trading operations has a150 shown small growth in Ihe year. Expenthture Totsl expenditure Increased by 4% 10 £2.293k (2023". £2.201k). predonwnanty due lo wcrea5es in wages and salaries costs. This was party due to r8C*Uitment in the ye8r in b)th the management and training teams. and partly due to infia￿n￿ upilfts. Tight contrd of ajministrative u)sts Iws ￿dUCed the impad of inmses in stsft costs. Balance sh•ot Nel tyjrrent assets dec¥eased by £227k to £673k12023: £9)Okl. Thi5 15 mainty refleded in a lower cash al bank balance. Total reserv8s decreased by £231k to £689k in the year12023.' £920kl. refiecting the werational deficri. Ro￿￿$ policy and golng conc•m The Trustee$ believe that in terms of g{￿d govemance and to ensure the continuity of the organisation and the fulfilment of its charitsble aims, it is necessary to maintsin an adequale level of reserve5. Free reserves are the part of the BDA'S unrestricted lunds that is available to spend on any of the Charity's purposes. This definiti exdudes restrKted income fijnds. although holding ￿ch funds may inflvence the BDA'S reseNes poliw. The Trustees take a risk-based aplxoach to reseThes and rewew Ihe reserves wjlcy annually. The Board has set a reserves pdicy which requlres.. Reserves to be ma5ntained al a18vel whith ensures that Ihe BDA'S core aclivity could continue during period of unforeseen difficulty A proFMYtion of reserves to be maintsined in a readily realwble f(Km. The calcvlatK*) of the required level of free reserves takes ￿10 ￿(th1nL. Risks associated wth each stream of income and expenditure being different from that twJdgeted Planned activity level organisati￿al commitsnents The gap between the Spending and r8ceiwry of irKx#ne Page 12 8RmsH DYSLEXIA ASSOCIATION IA conwny Ilmlted by guarantso TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 RetsirNng a18vel of fundiig that will al￿ flexiLxlity and agility of response lo business growth and development opportunities which enable the Organisati￿ lo meel its strategic objectives. On this basls. the Trustees consider that the level of fTre reserves as 31 March 2024 15 £617,000 of which at least 50% shoukl be held as cash. Unreslri¢led reseNe$ at 31 Marth 2024 were £S43k12023.' £739k). The Trustees have dlowed reseryes lo fall below Ihe targ81 level after COn￿deration of inveslmenl ￿ senior ￿p50Yees matle during the yeai, and future expected income growth and dfversifiealion. The Twstees have approved a break even budget for 2024-25 and forecast that target reserve5 will be mel by tre end of 2026. Relatsd Party Transa¢¢lon• Transactton5 belween the BDA and B.DA {Inttiati¥esl Ltd. its subsidiary underlaking. have been disdose(18nd are induded in Ihese consolidated accounts. Olher relaled paty transactiLmS have been disclosed in the conscAidated accounts. STRUCTURE. GOVERNANCE AND MANAGEMENT The Charity is a company limited by guarantee wvemed by its MemoraThJum and ArtKles of Association dated 5th July 1984 (last amended 15 November 2008). M gained lo￿n81 tharitable status from the Charity Commission ￿ England and W818s on 4th Febnwy 1985. The Board of Trus18es has adopl8d the Chwity Govemantx Codfr and assess its compliance with the Code as part of ils ongoing rewew and strengthening of govemance. The Board of Trustees is coSte¢Xivety reswisitle Ihe govem8nce and strategic direction of the Charily together with its finandal health. delivery of pUb￿C benefft. probty of its activibes and the develoFvnenl of the organisation's aim. objectives and goaLs. Trusteè $•lectlon The Charlty is committed to ensuring it has a balan￿d and diverse Board. with members recommended for iheir skills and expertise. Renewals and the appointtnent of any addilional Trustees are inlomied by a Board Ski115 Review and lake into account annual di5CUSsion5 belween the Chair and eath Trustee. The Board of Tnjstees is made up of not kns than ten and not nb)rè than fourteen peopk comprising.. a Chaimian nominated by the Board by rea$￿ of possesgng skills considered necessary and appointed in general meeting.. four indimduals drawn from the rnerrth￿ of the Local Assco"aknns: three individuals drawn frcrfn the Indivithjal Members.. individua15 drawn from the member5 of the Organisational Members: up to four iThJividuals C￿0p1ed by the Board by reason of possessing thlls considered necessary In¢luding a Treasurer arKI a ￿gallY qualif￿d per50n. New Trustees undertake an induction programme when they Jofft. This includes meeting woth the Chair, tr CEO and the Company Secretary lo review the charity s posifion activities, undertaking safeguarding Ir8ining as well as compleling Ihe ICAEW'S online trainiry M￿ju4e$, whlch prowde an overvlew of charfty trustees. legal and finanaal responsibilities aTrJ their strategic and operalional considerations. As well as board and comnNttee meetings, Trustees are inwled lo attend charity events and get to know the wider stsff team. Tru51ee5 are appointed a three year [￿￿1. usually for a maximum of iwo t8mis. The Board of Trusleos meels four times a year. All Trustees give Iheir time free￿ and received no remuneration during the year aside from reImt￿r5ement of legiti.mate expenses. The Board delegates the exercise of certain px)wers in connection thé management and adrninislralion of th8 charity as set out b81ow. This is ¢￿trOlled by requirTr@ regujar repo￿.n￿ back lo the Board, so that all Page13 8RrrisH DYSLEXIA ASSOCIATION (A compary limlt•d by qu￿￿¢￿￿. TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 dgcisions made under delegaled p￿￿er$ can be ratified by ful Board in thje course. Al minut8s are tabled at Board meetings. Pay policy senior stsff - The ch￿rty has a pay reviv•V poly ththich is applic8ble to staff. Pay reviews are usualty conducted annualty. taking into consideration value for money. affordability and the recruilmenl and retenlion of high-quality stsff. The reM￿￿rat￿n of the CEO is set by the Board, and the remuneration of all other staff is set by the CEO and then revIev￿d by the Board as part ofthe annual budget procedure5. Flnance Commltt The Flnance Committee meel once a qLFarter. and oynprises the Honorary T￿aSUrer. an addlllonal trustee. Chair and Chlef Executive. The Head of Finance and CperatiC￿5 also attends. A¢cr8dltatlon Board The Accreditation Board uphc4ds the h￿hest slandar(Is tr professionals working in educ8tion.11 develops. dellnes and publishes the criteria for professional ctyjrses of $kndy and for individual awards as an independgnt sUb￿0mMIttee lo ac¢yedilation matlers have been delegated by the BDA Board. Members ol the Acryeditatim Board are volunteers w•*￿ are leaders and experts from the sector and the Chair is an academic of senior slanding with a r8(xNd of resean* and pubffislwrvj in the fièhj. The Accreditation Board meets at least ts¥ice eath year. Advlsory Groups There are a number of Ad¥i50ry Groups provth the Twstees 8XP8rt infomwtion as w8118s assisting the Charity with its work. This indudes raising awareness: supwrting the 8DA Helpline with ad￿￿., offering guidance on academic is5ues.' 85 well as contributing to C￿nS￿latiOnS related matters. Groups indude.. New Technologies. Music. Dwlcula and Cultural PersF*CtNes. The Trustees are grateful for the vabJable cor￿IbUtiOn and specialist skils provKled by volunteers invofve(I In these groups. Charlty management The Chi8f Executive Officer is rest￿￿ble for day io day management of the Charity's affairs and for implementing policies agreed by the Board of Trustees. The Chief ExeLyJtive Offi￿r is assisted by the Senior Management Team. During the year. the new rc4es Head ol Accredited Training and Head of Professional Standards were ueated. Posl year end. Ellen Broomé took up the role of CEO. The Board extends ils ihanks io outgoin9 CEO. Chlvonne Preston. fc* swi¢e to the ￿￿￿ty. Group Strncture The charity has a wholly ovmed non-charitable sUb￿.diary.. 8.OA (In￿a￿ve$) LimEted. li ¢affies oul non- tharitsble trading a¢bvit*s to raise tunds for Ihe Chwity. Corporate Govemance Internal controls over aclual and cirnitted expeThJiiure are c£￿tinuallY ￿fine1 in order lo Improve efficienty. Processes are in place to ensure thal p8rformance is monitored, and that apFryriate management infomatlon Is prepared and reviewed regulady by both the Senior Management Team and the Board of Trustees. The systems of internal CODtrrJ are desiwl lo provide feaS(￿able, not absdule, assurance against material rnisstal￿ent or loss. They include: a sfraiegic plan and annual I￿￿get approved by Ihe Truslees: regular consideration by the Tmstees of ftnancaal results.. Varian￿ from Wets: rw-financial targets,. P•Je 14 BRMSH DYSLEXIA ASSOCIATION (A company Ilmlted by guarnnt¢¢). TRUSTEES. REPORT {CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 performan￿ indicators ?rKI benthmarking reviewE: delegation of day-l04ay management authority and segregation of duties., and identification management of key iisks. Rlsk Managwn•nt Responslbllity fc* rtsk managemenl ￿eS wth Trustees. The Charity has estab￿Shed a risk register that aims lo set out the key risks Ihe organization indudirYJ: An assèssment ol inherenl risk Existing measures in place lo manage each risk An assessment of residual risk. Or￿ ￿t￿Jating measures taken into 1x)nsideratic￿. and Future aclions that may be taken to reduce the residual risk futher. The risk register is reviewed in fbjll by the Board al *ast 8nnualty. selecled risk eX￿cKe(l In éetsil at each Board meeting. The malor Tlsks fcv the 8DA have identhSed as: Dwersifying income. In partI￿lar increasing fundraisiTrJ inccry from both indivMYual and or9anisalK)nal donors DevelopirvJ products and seN¢es so that they remain up to date. relevant and able lo meet demand Failure to impact diverse and mÈn¢Mly &thnic gr(wps in so¢iety Siaff wellbeing and key pers(￿ risks Working closely ￿th the Trustees. the CEO has fc¢used attentK)n in ttwe area5 to ensu￿ thal appropriate risk management procedures are ￿ pl￿ and aCts￿t￿s afe urnlerway to mitigate these risks. Plans for th• futur• The Trustees are committed lo continualty imwoving and IlevebFong activities at the BDA to maximSse impact for Ihe public benefit. Wrth the arrival of a new CEO. the Board expects a p￿10d of transition. The past year has seen significant review of activities and various devel(wmenls and improvements will take time to be fully established. In 2024-25 there will be an ortrJoing foojs on ddivering high qUa￿ty senfjces and fuTrJraistng. In parti¢ular, Ihe delivery of diagn05tic assessrnents arKI sour(ing I￿rSary funding lo make these availaL* lo individuals from low inccrfne households. We gather leedback from Stakeholde￿ in (*der lo review the effediveness of our activitses. We also hcpe lo undertake a campaign lo increase our membership Nmbers. Wrth a signtfKant char￿9 Trn Ihe political Landscape. we viil review the new oppK)rtuniUes to Campaign for dyslexia-friendty p)liey change. There v￿1 be an ￿goi)g focus ￿ ineome generalk)n and devewnenl in order to provide resources to undertake more charitsbte woth. Statsment of Trustees. respI￿sIbIlit￿. The Trustees (who are also diredors ol the Brilish Dyslexia Association for the purposes of company law) 8re responsible for preparing the Trustees. Report and the financial ststements in accor(lanco wth applicable law and United Kingdom Accounting Standar(ts (United K1ThJd￿ Generally Ac(*pled Acojunlrng Prattice). Company law requires the Trustses lo prepare financTral statements for each financial year. Under ¢ompany law Ihe Trustees must not apwove the financial stalements unless they are satisfied that they giv8 a tru8 and fair view of the slate of affairs of the charitsble ￿MpanY and the Group and of ihe incoming resources and application of resources, induding the income arKI expenditure, of Ihe Charitab￿ Group for that period. In preparing these finanrial statements, the Trustees are required ￿.. P8ye 15 BRrrisH DYSLEXIA ASSOCIATION (A CoM￿nY Ilmited by guarante•). TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 select suitable accounting wlicies a￿1 then appty Ihwn C*￿$1Sten￿￿. observe the methods and principles in the Charities SORP; m8ke judgements and accounting estimates that are reasonable and prudent,. epare the financial statements on the going concern basis unless It is inappropriale trt presume that the charitable Group will ¢￿tinue kn wabon. The Trustee5 are responsible for keeiMThJ adequate accounliThJ records that are suffic•ent to show explain Ihe charitable crynpany and the Group's transacfions and disclose with reasonable accuracy 81 any time the financ4al positiLYJ of the charitsble Group arKJ enable thern lo ensure that the financial statements comply with the Companies Act 2006. They are also resp￿$￿19 ￿ safeguarding the assets of the charitsble company and the Group and hence for taking reascmable steps lor Ihe preVent￿)n and detection of fraud and other irregularities. Dlsclosure of Infonnatlon to audltor. Each ofthe persons who are Trustees at the lime when this Tyugtees. Rewrt is apwoved has ¢onfimied that: so far as that Trustee is avrdre. there is no rekvant audit inlcwmation of which the charilable Group's auditor is unaware, and that Trustee has taken all the step5 that [M￿t to have been tsken as 8 Trustee in order to be aware of any irrformation needed by the tharitable Grwp's auditor in connedion ￿TIh preparing tts report and to establish Ihat the tharitable Group's auditw is awwe of thal In1￿Mation. Audttors. The auditor. James Cowper Kreston Audit. has mdicated its wilfingness to contnue in office. The Oesignated Trustees will propose a mobon re-apprynting the auditor at a meeting of the Trustees. This will b8 ratified at the AGM. Approved by order oftt* men*ers of the tK)ard of Trustees and signed on their behalf ty. Ml¢helle Catters Chair Date.. Page 16 BRMSH DYSLEXIA ASSOCIATION {A company limit•d by guarantee). INDEPENDENT AuorroR'S REPORT TO THE MEMBERS OF BRITISH DYSLEXIA ASSOCIATION Oplnlon. We hav8 audited the financi81 slatements of Brilish D￿exia Association (the 'pa￿nI tharitable company) and its subsidiaries Ilhe'group,) for the year ended 31 March 2024 vthith COrnFyise the c(￿S011d818{I stslemenl of finaneS8l activities, the consolidated balance sheel. Ihe charity balance sheet, the consolidated stslemenl of cash Ilows and the r&lated notes, induding 8 SLwnmary of signrficanl accounting poli¢ies. The financial reporting framework that has been applied in their weparation is applicable law and United Kingdom Accounting Standards, induding Financial Reportiro Stsndard 102 'The Finan¢ial Reporting Standard applicable in the UK and Republic of Irelanif (United Kin￿ Ger* Accepted Accwnting Practice}. In our opinion th8 financid s￿￿￿nts. give a true aThJ fair view of the stale of Ihe i>wp's and of the parent charitable corr()anVs affairs a8 at 31 March 2024 and of the Gr(NJp's incoming resources and application of r8sources, includlng its income and expenditure for the year then ended. have been propedy prepared in accordance wth United lQngdom Generalty Accepted Ac¢ounting Pr3clice', and have been prepared In accordance the requirements of the Companies Act 2006 and the Chariles Act2011. 8aJls for oplnlon. We conducted our audil in accordance with Intemalional Standards or) Auditing IUKI IISAS IUKII and applicable law. Our reSp(￿sibIlItieS under those standards a￿ lurther described in the Auditorfs responsibilities for the audit of the financial statements section of our rerxyL We are indeperKlenl of the Group in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the F￿anCIal Reporting C￿nCIl.S Ethical Stsndard, and we have fulfilled our other etlNeal responslbillies in accordance with these requirements. We bebeve Ih8t the audit evidence we have obtained Is sufficient and appropriate lo provlde a basls lor our wnirx). Conclusions relatlng to golng Concern. In auditing the financial slatements. we have rXMcknj￿ that the Twstee5' Use ol the going concern basis of accounting in the preparation of the fmandal $tatenwts is atpr¢yiate. Based cffj the work we have performed, we have not idenlthed any material uncertaintie5 rdating to events or condition5 that, individually or collectively, may ￿1 significant doubl on the Group's or the parent charitable company's ability to conlinue as a wng concem for a perK)d of at least twefve months from when the financial statements are authorised for issue. Our responsibilities and the responsibifrties of the Trustees V*ilh respect to going concem are described in the relevant sections of this report. Page 17 BRMSH DYSLEXIA ASSOCIATION IA ￿MpanY Ilmlted by guaranteo). INDEPENDENT AUDITIIR'S REPORT TO THE MEMBERS OF BRMSH DYSLEXIA ASSOCIATION (CONTINUED) Other Information. The other infomiation comprises the inforrnalion induded in the annual report other than Ihe financial ststements and our audi￿$ report there￿. The Trustees are reswnsible for the other InfOrM8tiL￿ c￿tained wbthin th& annual report. Our opinion on the fin8nco1 ststements does not eover the other infovmation and, except lo the extent other%*ise explic1￿Y staled in our rewrt. we do not expr8ss any fomi of assurance condusion theTeon. Our responsibilty is to read the other inf¢xmatiI￿ and, in dolng so, conslder whether the other infCfflWt￿ is materially inconsi51ent with the financial 5ts1emenls or wr knowled9e obtsined in the course of the aLKlit. gr othe￿ise appears to be malerially misststed. If we identrfy such material inconsistenaes or apparent material misslalements, we are required lo detemtne whether this gives rise to a material misstalemenl in the financial statements themselves. If. based on the work we have performed, we condude thal Ihere is a material misslalement of this other infomiakn'on, we are required to report that fact. We have nothing to r¢p)rt in tl4s regard. Oplnlon on other matt•r8 prnscrfbod by the Companl•s Act 2006. In our opinion, based ￿ the work urKlertaken in the L￿￿se of thè audit.. the information given in the Trustees. report for the financial year ts which Ihe financial slatements are prepared is consistent with the financial statements. thè Trustees, report has been wepared in xctydance V•ith atplicable legal requirements. Matters on whl¢h we arg reqyirod to roport by •xcopll•)n. In the light of our knowl￿￿ aThJ undwstaThJiry of the tharitable ojmpany and its environment obtained in the rse of the audit. we have not identif￿1 material misstatements in the Twsl8es' report. We have noihing to rep￿1 in respect ol the foHowirKJ matters in relation to which Companie5 Act 2006 rèquires us lo report to you rf. in our cpinion= th8 par8nl charitable company has not kept adequate and sufficient ac¢ounling record5. or TeluTns adequate for our 8udit h8ve T￿t been receÈ¥ed from branthes not visited by us; or the parent charitable CLNnPary finandal statements are not in agreement wth th8 accounUng records and returns; or certain disclosures of Trustees. remuneration specified by law are not made., or we have nol received all the Irrfom￿IIOn arKi explanation5 we require for our audit,. or the Trustees were not entitled lo prepare the finanoal statements in acCOrda￿e with the small cc￿npanieS regime and lake advantsge o( the smal companies. exemptiC￿8 in preparing the Ttustees. report and from the reqimrement to prepare a Strategic report. Rosponslbllhles of tnMto•s. As exp18ined more funy in the trustees, resFthsthiies statemenl. the Truslees (who are akso the directors of the charitable company for the purposes of company law) are responsible for the prepar8tlon of the financial siaiements and for beiry satisfied that they glve a true arKI fairview. and for such inlemal c(￿trOl as the Trustees determine is necessary to enable Ihe preparati￿ of ffianclal statements that are free from material misststemenl, whether due lo fraud or error. In preparing the financial statements, Ihe Tnjslees are ￿pOn￿b￿ for assessing the Group's and the parent charitable compan￿$ ability lo continue as 8 going concem. disclosing. as applicabl8. matters ielaled to wing concem and using the wng concem basis of accounting unless the Trustees either int￿d lo liquidate the Group or the parent charttabl8 company ￿ lo cease cyer8tiorts. or havè no realistic allgrnative but to do so. Page 18 BRMSH DYSLEXIA AsSoC￿￿ON (A company Ilmlled by guarantse). INDEPENDENT AuDrro￿8 REPORT TO THE MEMBER8 OF BRMSH DYSLEXIA ASSOCIATION (CONTINUED) Audllofs responslbllltles for th• audll of the financlal stalements. Our objectives are to oblain reasonable assurance about vthelherthe financial slatemenl$ as a whole are free from material misstatement. ￿ether due lo fraLMJ or error, arKJ to issue an auditc¢s report that indudes our opinion. Reasonable assurance is a high level of assuran￿. bul is not a warantee that an audit conducted in accordance with ISAS (UK) will always detect a matsrial misstaterr*nt N¥hen it exists. Misstslemenls can arise from fraud or error an(i are considered material rf, indMdLJally or in the aggregate. they COLtld reasonably be expethd to influence the economic de￿OnS of ￿ taken Ihe basis of these financial stslemenls. Because of the inhwenl limitaknons of an audit, Ihere ts a risk that we will not detèct all Irregu￿ritieS, induding thos¢ leading to a material misslalement in the fina￿101 statements or norrfcffipliance wlh regulation. This risk creases the more that compliance with a law ￿ regulati(￿ is removed from the events and transactions reflected in the finanaal statements. as we be less Ikely to become aware ofinstanc85 of nOn￿P118nCe. The risk is also greater regarding irregularities oecurring due to fraud rather than error. as fraud involves inlenlional concealmenl. forgery, col￿S1￿. ￿lSSIon or miyepresentstk)n. The specific procedures for this engagement that we designed and p8rfcffmed to detecl moterkql misstslemenls n respect of irregLlarffjes, indjdlng fraud. wer8 &s follows.. Enquiry of management arxl those thafged with governance an)und actual and potential litig8tion 8nd claims., quiry of management and those charged with govemance to identify any material instances of non- cornpliance with laws and regulatsons", Remewing finanual statement disrjosures and testirvJ to supwJrtirwJ documentslion to assess compliance Ih applicable laws and regulations: Perfomiing audil work io address the risk of irregularities (lue to management override of c¢Mtrols. including testing ofjouTnal errtries and other adjustments ffC￿ apwopriateness. eva￿aling the business rationale of $ignifitsnl trdn¥a¢tiws outside the nrymal Cowse of buwess arKI revtewing accounDng eslimalos f ewdence ol bias. A further description ol our responFAlylities for the audil of financial 5ts1ements is localed on th8 Financial Repcrtling Counufs website 81: www.frc. .uklaudit siINlilies. This desulption foms part of our audilorfs report. Page 19 BRMSH DYSLEXIA ASSOCIATION (A company Ilmlted by guaranteek INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF 8Rm8H DYSLEXIA ASSOCIATION (CONTINUED) Use of our reporL This report is male solety lo the charitsble ￿)Mparty'S members, as a body, in accordance with Chaptsr 3 of Part 16 of the Companies Act 2C¥)6, and to the charitable companls trustees. as a body, Part 4 of the Charttias (Accounts and Reports) Regulations 2008. Our audtl work has boen undertaken so that we might sta18 to th8 charflable companVs members those matters we are required lo stale lo them in an auditorts report and for no other purpose. To the lullesl extent permitted by law. we do not accept or assume responsibilty to anyone 0th8r than the charilable company and its membeo as a b(¥ly. lor (wr audit worf(. for this report. CK for the ￿[nIonS we have formed. QI2sL P. Alexander Peal Bsc {Hon¥l FCA DChA (Senlor Statutory Auditor) for and on behalf of James Cowper Kre5ton Audit Chartered Accountants and Stalulory Auditor Reading Bridge House George Street Reading Berkshire RG18LS Dale.. 15 Nov8mb8r 2024 Page 20 BRMSH DYSLEXIA ASSOCIATION (A c¢¥npany Ilmlted by guarantse). CONSOUDATED STATEMENT OF FINANCIAL ACTivrriES ONCORPORATING INCOME AMD EXPENDrruRE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2024 Rewicted Unrostrfctgd fundg funds 2024 2024 Total funds 2024 Total funds 2023 Incom¢ from: Donabons andlggacies Chatitable activities: Publications Conferences and Irainir Membership incorne Other IradirvJ actiwtie5: Fundraising Trading actiwties Olher Irading actiwbes Investments 151 B3,246 83,403 57,985 15,914 1.175.510 213,247 15,914 1.177.110 213247 18,254 1,194,877 146.325 3,294 84,178 460,600 1,361 21.008 87,472 460.600 2.861 21.008 67.644 461,781 15 2.459 1,500 Total Income 551 2,055,064 2.061,615 1.949,340 Expendllure on: Raising fi￿dS.. Voluntsry kncome and fundraisw Costs Trading subsidiary costs Other C￿1$ of trading Charitsbl8 acliwties: Membership. pclicy and irrformats.on Projects (education and qualty mark) Conferences training Gov8mance costs 105,820 332.066 9.125 105.820 332.066 9.125 125.076 298,954 16.735 9.592 32,191 250 263.438 273.030 32.191 1.520.829 19,763 376.023 56,633 1.303,478 23,891 1.520.579 19,763 Total expendlture 42,033 2,250,791 2,291824 2,200,79) N&t lèxpendltureylncome (35.482) <195.727) 1231,209) (251,450) Net movement in funds. (35.482) (195.727) 1231.209) (2S1,450) Reconclliation of lunds: Totsl funds brought fopN8rd Not mov8m8nt in funds 180,735 (35,482) 738.978 {195,727) 919.713 1231,2091 1,171,163 (251,450) Total funds Carrled fonvard: 145,253 543.251 688.5Q4 919,713 The notes on pages 26 10 43 fomi part ofthese fmancial statements. Page 21 8RmsH DYSLEXIA ASSOCIATION {A company Ilmltod by guarantw)- REGISTERED NUMBER: 01830587 CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Flx•d ass•t$ Tangible asse15 10 15.847 19.665 15,847 19.665 Current ass•ts Debtors Investments Ca$h at bank and in hand 12 13 165.760 300.000 1.019.042 148,823 1,609,307 1.484.802 1,758,130 Creditors.. 8mounts faI￿ng due Mrythin year 14 1812.145) (858,0821 Nel cuffont auets 672,657 ).048 Total assols loss curr•nt Ilabllltles 688.504 919.713 Total net assets 688,$04 919.713 Charityfunds Reslricled funds Unrestricted funds 16 16 144253 541251 180,735 738,978 Totsl funds 688,504 919,713 The Trustees *Th)￿edge their rgspK)nsilylilies comp￿9 with Ihe requirements of Ihe Act with respect to accounllng records and preparation of finantsal statements. The financial statements have been prepared in accordan(* wilh the Kffovisions applicable lo entities subject to the small companies regime. The dire¢lors have elected fry the finanii* stsiements io be a￿￿lled in a￿OrdanCe wtth the Cc*npanies Act 2006. The financial statemenls were approved and aulhorised for issue by the Trust and signed on their behalf by.. Mlchelle Catter50n Chair Dale: y Neale Trustee The notes on pages 26 to 43 form part of Ihese financial slatementS. Page 22 BRMSH DYSLEXIA ASSOCIATION (A company lirnited by guarant•e). REGISTERED NUMBER.. 01830587 CHARITY BALAIICE SHEET AS AT 31 MARCH 2024 2024 2023 Flx¢d 0$5ots Tangible 8sseis Investments 10 1S847 1g.665 15,849 19,667 Current ass•ts Debl¢ys Investments Cash at bank 8nd in hand 12 13 337,310 300.000 802,666 310,246 1.3S1.060 1h39,976 1.661,306 CrediEors.' amounts falliw due vAlhln one year 14 1767.319 1761.258) Net currènl assets 672,6S7 91Y).048 Total assets loss currnnt Ilabllltles 688,506 919.715 Total net assets 688,506 919.715 Charfty fund R8slricled funds Unrestricied tsn(Is 16 145.253 543,251 180,735 738.980 16 Total funds 688.504 919.715 The Trustees acknowledge their ￿Sp￿SibIlitIeS for ￿￿￿[yIng with the requirements of tho Act with respect to accounting records and preparati￿ of f¥￿ni￿al statements. The financial statements have been prepared in aCCordar￿e wilh the provislons ap￿ICable lo enlilies sutiect to the small companies regime. Page 23 BRITISH DYSLEXIA ASSOCIATION {A company Ilmlted by guarantae}. REGISTERED NUMBER: 01830587 CHARrrY BALANCE SHEET {CONTINUEDI AS AT 31 MARCH 2024 The finandal statements were aFvoved and aulhorised for issue by the Trustees signed on their behatf by.. Mlchell• Catt•rson Chalr Dale.. TIM y Nealg Truste8 Iii IT* The notes on page$ 26 to 43 fom part of these fmanual ststements. Page 24 BRMSH DYSLEXIA ASSOCIATION (A Company Ilmlt•d by guarant••}. CONSOLIDATED STATEMETrif OF CASH FLOWS FOR TrIE YEAR ENDED 31 MARCH 2024 2024 2023 Nots Cash flows from op¢r•tlnB actlvilles Net cash used in operaling actimties 19 1299,7911 (134.292) Cath flows from Inv•st(ng acllvltl•s DivKlends, inlerests arKS ￿nts from inv8Stw*nts Puthase of tangible fixed assets pU￿haSe of wrrenl asset investrmenls 21.008 (11,482) {300.000) 2,459 (10.044) Nètcash used In Investlng acllvltles <290.474) (7,585) Change in cash and cash equivalents in the year Cash and cash equivalents at th& beginning of Ihe year ($90,265) (141,877) 1.609,307 1,751,184 Cash and cash •qulvalents al the end of the ye•r 1,019,042 1,609,307 The notes on pages 26 to 43 form part ofthese ffinanc4al ststements Page 25 8RmsH DYSLEXIA ASSOCIATION (A company Ilmlt•d by gurnt••). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poli¢le5. 1.1 Basis af preparation of Ilnanclal ststement& The finan(ial ststements have been wepared in accordancg with the Charities SORP {FRS 1021- A￿Unting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing iheir accounts in accordance w7th the Financial Reporting Standard applicable in thè UK and Repulqic of Irelarml IFRS 102} (effective 1 January 2015), Ihe Financial Rep￿￿g Stsndwd appli¢able in UK and Repul￿￿ of Ireland (FRS 102) and tr* Companies Act 2006. The Biittsh ￿sleXia Assticration meets the dellnFtlon of a publlc benefit entity under FRS 102. Assets and liabilities are inibally recTrJnised at historical cost or transaction vahje unless othe￿Se stated in the relevant accwnling wllcy. The consolidated ststement of finan(#al activit￿S (SOFA) and consolidated balance sheet consolidate the finanual statements of Charity and its subsidiary undertaking. The results of the subsidiary are consolidaled on a line by hne basis. Charity has laken advantage of Ihe eXeryt1￿ alk￿ed Ul￿r se¢tion 408 of the Companies Act 2006 and has not presented its own stslemenl or rinancial 8Ctivilies in tsse financial stat8m8nts. 12 Fund accountlng. General funds are vTrrestrithd lurKls which are available for use ot the dk8¢relion of the Trustees in furtherance of the general obieclives of the Group and whith have not b88n designatad for olher kxjrposes. Restricted funds are funds which are to be used in accordance bmth Specific restrictions Imposed by donors or which have been raised by th¢ Group for particular purposes. The costs of raising and adminlslering such fvnds are charged against the specffic fund. The aim and vse of each restricted fund is 581 out in the rntes to Ihe financial 51atements. 1.3 8•sls of consolldatl¢)n. The income and exper*Jiture OCC￿Jnt for the year dealt wth In Ihe accounts of the Charity was a defKil of£231,209 (2023". dekil of £251.450 Page 26 BRMSH DYSLEXIA ASSOCIATION IA company fimlted by guarants•l. NOTES TO THE FINANCIAL STATEPIENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl•s. {conllnU￿) 1A Incomlng resources. Glft Ald. The wlh* owned subs*Jiary dwates all of rts taxable profits under Glft Ald to the ch8rfty. The ststutory income and expendilure accrf)unl for Ihe subgdiary is disd05ed in the note5 to the financial ststements. Donallons and grants. t)onations and grants made avalatAe for the general puws of the Charity are credited to income on a r8ceivab18 ba￿s. Legacy Incomo. Legacy incLYne is accounted for on a rec*Ned basis or. rf recewt becomes reasonably Certa￿ aThl 18 measurable wth suffici8nt ref￿*￿"￿'ty. on a receivatle basis. Publl¢•llons. Income from publications is recognised on a receivable basis in the period in which a publication is issued and represents income froin the salé of edUcat￿n81 and promotional hterature and advertising revertue rdated to gjch publicalK)ns. Conferences and tralnlng. Incorre frrmn conferences represents income received fmm the delNery of conferences and tra5ning c￿r5e5. Costs are ￿￿rred in Ihe organisalion of Ihese events. Income is accounted for on 8 T￿e1vable basis except where incorne and expenditure do not occur in the wne period. in whith case Ihe income is deferfed to match expendi￿re. M•mbarshlp Income. Membership inc4)me is accounled f￿ on a rewvable basi5 and r¢prosenls membership fees and subscription Income from members. 11 is tev¢ed at different rates accordu)g to the level of involvemenl of th8 member and the amount of infrAmab"on received. Interest rè¢èivable. Interest on funds held on deposit is y￿Uded when reoivable and the amount can be measured reliably by the Chwity., this is nlymally nolificatK)n of the interest paid or payable by the Bank. Oonated sgr¥lces and laGllltles. Donated servi￿$ or facilties are induded in incominy reSc￿rceS then the benef51 to the charity is reasonably quantifiable and measurable. They are valued by the trustees al the amwnl the charity would have been williThJ to pay fDr the seThI￿ of fa(ilities on the open rnarket. Page 27 BRITISH DYSLEXIA ASSOCIATION (A ¢(xnpany limited ty guarantoe). NOTES TO ThE FINANCIAL STATEMETrrr8 FOR THE YEAR ENDED 31 MARCH 2024 Accountfjng pollcl•8. (contInu￿) 1A In¢omlng r•sovr¢es. lcontlnued) D¢f•rred In¢¢m•. Where It Is clear that the doncf Rilended the income ￿ grant to be used over a fixed ￿riod of lime on a Specif￿ project and as a result Ihe Twstees have no Lliscretion as lo when the funds wlll be expended. these fvnds will be treated as (Jeferred inLxJme and released trj the Slatemenl of Financial Activilies to match the expen(Jiture. 1.5 R?sourc8s expend•d. Ralslng fvnd8. FL￿d raising and publicity expendilure rep￿sents the direct ¢osls of generating funds and inclLtdes the salaties and other direct costs of the fvndraising staff as weil as an allocation of premises and overhead costs. Charltable expendltur•. Charitable experKliture has been allocated lo maich Ihe revenue earned wtr*rever possible and indudes an allocati￿ of personnel C¥)Sts and overt*ad ¢0515 where applicable. Charitabl8 expen¢Jiiure is acccMJnted fc* on an atcruals ￿$. Hèlpllne. Hel)line costs reiale lo the ￿)eratI￿ of B.D.A. He]￿Ine. They indude wages and salari8s, tralniry, telephone, associated wemises costs and other sundry items. DevelownonL De¥eknpment cosls indude expenditure Inc￿rred in SUPFKJrting Local AssoryalH)ns ￿ other fonns of membership, as well as the costs of the ed￿alK￿ department. Support Gosts. Support Costs re￿￿esent overheads. premises costs and wages and salaries of support staff wFlhcMJt which Ihe charity would not b8 able lo athieve its obiectsv85. The costs have been allocated on proportionate basis. Govemance costs. These costs relate to the expendtture in re5Fect of personnel. premises and overheads which can be directly attributed to the management of the charity. as opposed lo those ir￿￿rred in furtherance of its obi8cts. IrTèc¢werablè VAT. Irrecover*le VAT is tharged against ￿ calewy of resourc*s 8xpen¢Jed for whith il was Incurred. Cornparativ• amoun Alk)calh)ns of salary. wemises and depreciation costs affj reviewed each year lo ensure that Ihese sts continue lo be ac￿ratelY assigned by fvncticn. Page 28 BRMSH DYSLEXIA ASSOCIATION (A company Ilmlled by guarantse). NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policles. (continued) 1.5 Resour￿$ expended. (¢ontinued) Expendlture on ralslng funds Indudes au expen(iibJre incurred by the Group lo ralse ftjnds for Its charitable purposes and indth costs of all lundraising acti¥ities events and nonachartlable trading. Expendilure on charitable activrtles is incAJffed on directy undertaking the adwties which further th8 Group's 0tr4'eclives. as well as any ass(Thled sutwl costs. 1.6 T•nnlnatlon payments. Terniinalion benefits are irKlude(l as an expense w> the Statement of Finan¢ial Actiwlies and a liability is incurred ¥vhen there is a fom)al tdan trj tomiinate th8 employment of an employee or group of employees before r￿Mal retirement date. Temiin8tion payments are measured al the best estimate of the expenditure Ihat vhjukl be required to sett18 the c*ligation at the rep(xting dale. 1.7 Tanglblo flx•d ass•ls and depreclallon. Tangible hxed assets are wied at cost. net of deweuation and any provision for impairment. Depreciation is provided al ral8s calculated to WTtle off the cost of fixed assets, less their est¥naled residual value. over their expected useful lives. Depreciation is PTovided the fckning bases: Short Temi Leasehobj Propety - 20% Straight line Fixtures and fith'ngs 20Y• Straight line Ccthputer equipment - 33.3% Straight Ine Page 29 BRMSH DYSLEXIA ASSOCIATION (A Company limbted by guarant•• NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poll¢l•s. Iconthiu•d) 1.8 lftveslments. Imiestrnènts In subsidiaries are valu￿ at ¢0* less for impairmenL 1.9 Stocks. Stod¢s are vakRd at the SJNer of ￿$t and net realisai4e value after making due alkiwance for obsolete arKI SI¢￿-m0vIng stocks. Cost indLKles all direcl costs and an appropriate proportion of xed and variable overheads. 1.10 Oeblorn. Trade arKI other debth are recc#3nise(l at the settl9n￿nI amounl after any trade discount offered. Prepayments are valued at Ihe amount rryaid net of any trade discounts due. 1.11 Cash at bank and In hand. Cash al bank and in hwKI indudes cash and Sh￿4QMi highly IKJuid investsnents wth a short malurtty of three nK￿lh8 or ￿ from the date of acquisiticn or opening of the deposit or simllar account. 1.12 Crodltovs. Liabilities are rec¢yJnised when there is an obllgallon at the 8alanee Sheet date as a result of a past event. tl is probable that a transfer ol economic ￿neffit will be required in settlemen( and the amounl of the settlement c8n be estimated reliabty. Liabililies are recLyJnised 81 the amount that the Charity antlapales it wll pay to setue the qlebt or the arn￿nI rt has recelyed a$ advanced pa￿ents for the goods Dr services il must F￿0￿de. 1.13 Finan¢i•l Instruments. The Group only has financial assets and finanoal fratirrties of a kiTha that qualify as basic financial instruments. Ba￿C financial instruments are Niitially re(wnised at transaction value and subsequently measured at their settlement value wth the exception of bank loans which are svbsequenlly rr*asured at anNytised cost using Ihe effective Hilerest method. 1.14 contributions to p•nsion fvnd& The Charity operates a defined c￿tn.1yJtW)n pension scheme and the pensi￿ charg8 represents the arTh)unts payable by the Chaiity to the fund in resk*d of the year. 1.15L••s•s. Rentals paid under operating 18as8s are charged to the consdidated slatemenl of finanual activI￿@S on a slraighl line basi8 over lh& lease tem). Page 30 BRMSH DYSLEXIA ASSOCIATION IA company Ilmit•d by guarante•). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Judgments in apptying •¢counting pollcl•s and key sourcej of •stirnation uncèrtaliity. The preparation of the ￿aN9?1 ststements requires management lo make judgments, eslim8te5 and assumptions that affect the amounts repDrt•J for assets and liabilities as at the balance sheet date and the amounts rewted for revenues and expenses during the year. However, the nature of estimation means that actual Outc￿leS could differ from those estimates. The fomowing judgments (apart from those involwng eslimales) have h&J the most signfficanl effect on amounts r￿QgnIsed in the finanaal Critical acwunting estimates and assumpt￿$. Bad dobts. Using Inf(￿allon availawe al the balance sheet date. the Charity makes judgments based on experience regarding the lev81 of prowsk)n required to account for potentialy uncollectible debtors. lllcaffle from don•tlon$ and legacl•& Restrlcted Unrestricted funds funds 2024 2024 Total funds 2024 Totsl funds 2023 Donations 157 83,246 83,403 57,985 Total 2023 57.985 57,985 Investment InG¢)me. Unr•strict•d lunds 2024 Total funds 2024 Total funds 2023 Bank interest 21,008 21.008 2,459 Total 2023 2.459 2.459 Page 31 BRrrisH DYSLEXIA ASSOCIATION (A company Ilmii•d by guarant••). NOTES TO THE FINANCIAL STATEMEprrs FOR THE YEAR ENDED 31 MARCH 2024 Commordal tradlng opwations. The Charity has wholty 0￿e(l trading subsid￿ry, B.D.A. (Initiatives) Limited which is registered in the UK. Its purpose is lo organise furKlrai&ng events and sell advertising to raise revenue for the charily. The company passe5 its taxatle tmoffts lo Ihe charity under Gift Aid. 2024 2023 Profft and loss accounL Tumover Cost of sales 480,600 461,781 (327.878) {293,1651 Gross profit Administrative expenses 132.722 14,188) 168.616 15,790) Op8rating profil Interest payable and similar tharges 128,534 2.070 162,826 268 Net KY￿1 Gift aid dOnati￿S lo the Brilish Dyslexia Associalion Transfer to reseNes 130.604 163,094 (130.604) 1163,094} N•t Incorn•l {•ynditur•). This is slated after charging: 2024 2023 Oepwafion of langible fixe¢J assets- owned by the charitaLle gmup 13,800 13,064 Auditors remunèration- audtt seNce5 and Fwralion of accounts 14,31D 13,760 550 Page 32 BRMSH DYSLEXIA ASSOCIATION (A company Ilmlt•d by guwantea). NOTES TO THE FINANCIAL STATEMEp¥rs FOR THE YEAR ENDED 31 MARCH 2014 Analysls of totsl exp•nd1￿Y•. Direct Staff SuppNt Olh•r D6r•ct costs costs 2024 2024 Totsl funds 2024 Total funds 2023 2024 Ralsing funds Vohjnlary in¢ome arKI fundraisi Commeiiial trading cperations Other [r￿lIng costs 47,384 36,460 85.074 3.038 21,976 169.936 4,048 105,820 332,066 9.125 125,076 298.954 16.735 2.039 128,479 124,572 195,960 447.011 440,765 Charltable actlvltles Membership, policy and infomiation projects Prwects leducats"on. qualty mark) Corrferences and training Govemance cosls 166.489 67.W7 38.634 273,030 376,023 5,005 985.019 5.013 410.177 22.173 125,633 19,763 32.191 1,520,829 19,763 56.633 1,303,478 23,891 1,282.992 607.669 402,163 2,291824 2.200.790 Total 2023 1.C68.300 689,199 443.291 2,200,790 Page 33 BRMSH DYSLEXIA ASSOCIATION (A Company lirnit•d by guarant•el. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Support ¢￿ts. Marlt•ting & communlcations 2024 Manag•rn•nt & overhead 2024 Total funds 2024 Total funds 2023 Flnance 2024 Volvntsry iw)me 8nd fundraising Commercial tra(ling OP8ralions Oiher trading costs Membership. polcy and information ie¢ts (edu￿0ft. quality mark) Conferen¢e$ and training 11.450 10,597 14,413 36,460 41,352 26.717 24.725 33.632 1.201 85,074 3,038 82.704 6,891 21,326 19.736 26.845 67,907 127,502 1,574 128.814 1,457 119.211 1.982 162.152 5.013 410.177 10.337 420.413 190.835 176.609 240.225 607.669 689.199 Total 2023 171,232 197.134 320,833 689,199 Twsteos and •mployo•s. 2024 2023 Wages and 5al8ries Social security costs Pension costs 1,426,579 133,689 71,247 1,266.349 122,063 63,740 1,631.515 1,452.152 No Tnjstee or any paty related to them received ary remuneratb)n during the pwiod. Out of pocket expenses lolalling £1,141 {2023: £2.505} in respecl of travelh'ng, subsistence and telephone charges, directty associated with the funniThJ of the charity were reIML￿rSed to 5 Trustees12023'. 6 Truslees}. The average number of persons ern[￿Yed by the charity during the year was 51 {2023.' 471 of which 20 12023.- 20) wer¢ full time and 31 (2023.. 271 were part time. The fijll time equivalent of the part lime $laff is 21 12023= 171. Pa9e 34 BRMSH DYSLEXIA ASSOCIATION IA ¢ompany Ilmit•d by guarant••). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Chief executive Conferenc* and events Finance operations Fundraising Marketlng & ￿MmUnICati(￿S Professional practice 39 51 47 Durlng the year renNJn&ration paid to key managem￿1 lotalled £391.97612023.. £366.881). 10. Tanglbbe Ilxed ass•ts. Group and Charlty Flxtures and Computsr ffftings •quipm•nt Total Cost or valuation At 1 ￿)ri12023 Additims 384 85.597 11,482 (27.5511 85.981 11.482 {27.935) sposals At 31 Marth 2024 69,528 69.528 Depreclallon Al 1 Awil 2023 Charge for the year On disposals 384 65,932 13.800 126.0511 66.316 13.800 (26,435) 13841 Al 31 March 2024 53,681 53,681 Net book value At 31 March 2024 15,847 15,847 At 31 March 2023 19,665 19,665 Page 35 BRMSH DYSLEXIA ASSOCIATION (A compary Ilmlt•d by guaranteel. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 1 l. Flxod as5•t Investm•nts. Investments In subsidlary companles Charlty Cost or valuatlrjn Ai 1 Wil 2023 At 31 March 2024 Net book value At 31 March 2024 At 31 March 2￿23 Prlncipal sub￿dia￿les. The following was a SUbs￿￿18ry undertthng ofthe Chariiy". Name Class ol shares Holdlng Included In consolidatlon B.D.A IlnitialNesl Limrted Ordinary Yes The finanryal results of the subs•Jiary for the year we￿. Namo Incoffl¢ ExPendI￿r• ProflVILos$) Not as8Ot$ forthe ￿¥r B.D.A (Initiatives) knryited 462.670 1331066) 130,604 Page 36 BRMSH DYSLEXIA ASSOCIATION (A company Ilmlted by guarants•). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. oobtors. Group 2024 Group Charlty 2023 2024 Charity 2023 Due wlthln one year Trade debto 65,630 86.332 56,990 183,693 54,880 41,947 58,573 193.480 9,810 48.383 Amounts owed by group uThJertthngs Other debtors Prepayments and accrued income 54,683 45.447 9.810 52.681 165,760 148.823 337,310 310.246 13. Current asset Invéstmonts Group 2024 Group 2023 Charlty 2024 Charity 2023 Temi deposlt 300,000 300.000 l& Cr•dltors: Amounts falllng du• wlthin one year. Group 2024 Group 2023 Charlty 2024 Charity 2023 Trade creditrms Other tsxation and social setsJiYty Other creditors Accruals arKI deferred incc¥ne 16.683 S4286 10.876 730,300 48.430 41,018 11,589 757.045 13.588 42.143 10,876 700,712 42,730 28,864 11.591 678,073 812,145 858.082 767,319 761.258 Page 37 BRITISH DYSLEXIA ASSOCIATION IA company limit•d by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. D•forred Income. Certain grant and other income induded Trhith 'A¢¢ruals and Delwed Income- in Note 14. is recognise(I when the delivery of a specific perf0m￿nCe relaling lo the income h8$ been achieved. Movement on deferred income balances during Ihe year are set b8knT: Asat1 April 2023 Total fund5 Recelved Released Trarning courses Assessments Conferences OCN fees Other 571.258 47,046 13.047 53.186 26.665 784.853 2￿),(￿)8 72.213 11.720 28.969 (828,4501 1291.8041 132,0591 139,8811 {36,2201 527,661 45.250 53,201 25.025 19,414 711.202 1.187.763 11.228.414) 670.551 Page 38 BRMSH DYSLEXIA ASSOCIATION (A company Ilmited by guarnnt••l. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 l& Stat•ment of lund$. Slat¢menl of funds - curnnt year. Balance at 1 Awil 2023 Inc¢xM Ewnditu¥• Transfors Balancè at 31 Inloul March 2024 Unregtrict¢d fund$ General Funds 738.978 1055.064 (1250.791) 543.251 Restricted fund¥ Chikjren Wll Shine Constable Education Trust Other donations Helpline Malpas 30.336 102.696 23.767 (15.7991 16.137 102,696 9,257 4.951 (16.643) 19,S91) (2,8181 2,818 17,163 17.163 180,735 8,551 (42.033) 145.253 Totsl of fvnds 919.713 2.061.615 12.292.824) 688,504 Children Will Shine- to after s¢hool dysle￿8 workshops for Children. led by speaalisl teachers. Constable Education Trust- to dgvdop onlir* resc￿r¢¢$ parents and carers lo support dyslexic eamers literacy al home. Helpline- to sup￿1 our nalional hdrAine. provmlmg free advF¢e lo members of the general publlc. Other- various donations lo yjjprth thiklren with dyslexia in local ar&as, and to facilitats th8 diagnosis of (Jyslexia. Malpas- to devek4) onlir* resources for wents carers to support dyslexic leamers with literacy at horne. Page 39 BRrrisH DYSLEXIA ASSOCIATION (A Gompany Ilrnit•d by guarants•Tr. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Ststement of funds (conlInU￿} Statement of lunds- P￿Or y•ar. Balance at 31 M8rch 2023 Balartce at 1 April 2022 Income Expenditu Unrestrlcted fvnd$ General Funds 962,887 1,948,6CKI {2.172.5091 738.978 Rostricted funds Chiklren Wlll Shine Constable Education Trust Oiher donations 34.516 125,327 24.497 6.773 17.163 740 (4,9201 (22.6311 (730) 30,336 102.696 23.767 6.773 17,163 Helpline Malpas 208.276 740 (28,281) 180,735 Totsl offund$ 1,171.163 1,949.340 (2.200,7901 919,713 17. Summary of funds. Summary of funds- ¢urr•nt ￿ar. Balance at 1 April 2023 Transfers Balance at 31 inlout March 2024 Incom• Exp8nditur• General fund5 Restricted funds n8,978 180.735 1055,1)64 II250,791) 6.551 (42,033) 543.251 145.253 919,713 1061,615 (2,292,824) 688.504 Pag840 BRITISH DYSLEXIA ASSOCIATION IA compary Ilmlted by guarantee). NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Summary of funds (conlinu￿ Summary offvnds . wioryw. Balance al 31 March 2023 Bakn¢e al 1 Awil 2022 Income Exp8nditur8 G8n8ral funds Restricted lund$ 962.887 208.276 1,948,600 12,172,509) 740 (28.2811 738,978 180.735 1,171,163 1,949.340 {2,200,790) 919,713 18. Analysls of net assets between funds. Analysls of net assets between funds . current perlod. Restrlcted Unrestrfcted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Currenl assets Creditors due within one year 15,847 15,847 1,339.549 1,484.802 (812,145) 1812,145) 145,253 Total 145,253 543,251 688,504 Analysis of net assets bgtwwn funds- prior period. Restricled Unrestficled funds funds 2023 2023 Total fijnds 2023 Tangible fixed assets Current assets Creditors due wthin one year 19,665 19,665 1.577,395 1.758.130 {858.082) {858,082) 180.735 180,735 738,978 919,713 Page 41 BRMSH DYSLEXIA ASSOCIATION A coftwy limit•d by guaranl••l. NOTES TO THE FINANCIAL STATEAIENTS FOR THE YEAR ENDED 31 MARCH 2024 19. Re¢onGlllation of n•t mov•nwnt In ffunds to not cash ffow from op•Ta¢lng a¢t1Yit￿s. Group 2024 Group 2023 Net expenditure fty Ihe per￿ (as per Statement of Financial Activitie51 {231,2091 1251,4501 Adlustmonts for: Depreciation tharges Interest from ￿VeStMents Loss on the sale of fixed assets Increase in debtc In(Teaselldecrease) in ¢redit(Ks 13,800 {21.008) 1,500 (16.937) (45,937) 13,064 12,4591 1,101 15.5331 110.985 N•t cash used in operating activilles 1299,7911 1134,292) 20. Anatysls of cash and cash equlvalents. Group 2024 Group 2023 Cash in hand 1.019.042 1,609.307 T¢)tal cash and cash equlvalents 1.019.042 1.609,307 21. Analysls ol ¢hang8s In Mt debL At 1 Aprll 2023 At 31 March 2024 Cash flows Cash at bank and in hand 1,609,307 (590.2651 1.019.042 1.609.307 (590.2651 1.019,042 22. Penslon commllments. The tharity cxJntribute5 to the personal penSiC￿ plans of certain of its employee5, which are held in defined conlribution schemes. contribu￿n5 are charged in Ihe financial slalements on an accwals basis and there were £10.876 (2023.. £9.516) of outstanding ￿￿tributIOnS at the balance sheet dale. Pension Costs charyed in the yearwere £71.247 (2023.. £63.740). Page 42 BRITISH DYSLEXIA ASSOCIATION (A company Ilmit•d ty guarant••l. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 23. Operattng l•as• commltments. Al 31 ma￿ 2024 Ihe Group and Ihe Charity had coffrrilments to make future Minim￿ lease payments under nonqcancellable operating leases as folh)ws: Group 2024 Grwp 2023 Chaflty 2024 Charity 2023 Not lalei than 1 year Later Ihan 1 year a￿1 not later than 5 years 16200 15,467 24.916 16,200 15,467 24,916 31,667 24.916 31,667 24.916 24. R•tat•d party trans•GtIoM. During the year. there were no related paty transathons other than the f0lbv￿nQ. Reimbursement of expenses incurred by certain Trustees in the furtherancy of iheir activities as Trustees (see nole 9). Donati(￿5 frijm Trustees total1w￿ £NI. Page 43