Cofflpany Reg•Stration Number: OD883234 {England a Wales)
Reglstw•d Chariy Number in En9land & Wales: 305992
D&AD
IA Company Limited by Guarantee)
REPORT AND CONSOLIOATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2022
*AC4RQQWM*
011W2023
COMPANIES HOUSE
51

CONTENTS OF THE FINANCIAL STATEMENTS
FOR ThE YEAR ENDED 31 AUGLIST 2022
Pag•
Rerh)rt of the Trustees
Legal and Ad￿Hn￿rative InformatiL
Structure. Governance. m￿agen￿nI
Objectives and Adimties
Achievernents and Perfcxmanee
Fina￿01 Rev*w
Plan lor tutur¢ peri¢*s
io
stsiement of Twstee'$ Resp￿sIb￿l￿es
Repjrt of the IndepeThJent Auth"tors
12
Consolidated Staternent of FinawKia Aclivths
15
Balance $￿ts- GroJp and Charity
16
Consolitlated Cash Fkn¥ Statement
17
Note5 to the Financial slaterne￿ts
18

REPORT OF THE TRUSTEES
The Trystees, who are also director5 of Ihe charity forlhe purkw)ses of the CLwnpanie5 Act 2006. p￿ent IhEir
reF¢Jrt wth the f nantyal ststements of Ihe tharity for the year ended 31 Augusi 2022. The TnJstees have
adopted the prOVi￿L￿ of the Stat8ment of RecomrneThJed Pradice applKable ￿ charities preparing IheSr
accounts in acc(Kdance the Financial ReportirvJ Slandard aprAira￿e sn the UK and ReputAK ol Ireland
issued in July 2014 (The FRS102 Chaiities SORPI.
1. Le9al and AdMlnlstr•tI￿ InlomMtlon
TNstees. Mefflbers and Dlrectors
RKhard Brim IPresidentl
Naresh Rarnchandani IEx-President)
Rebecc2 Wright (Deputy ￿5*￿enti
Liza Enebess
Resigned 1 March 2023
Ravi Amarantuga Hitthcc
Furn Jthanne5dottir
)￿inIe￿ 1 March 2023
Hannah Kdty
Jonathan Kneetx)h8
Kjointed cn 1 Marth 2023
Russie Mies*
ointed ￿ 1 March 2023
Jack Renw¢d(
cheYr￿ ROb￿SOft
Kwamena Tayknr*ayftyd
Re&"gned l Marth 2023
Ch•lmian
Timothy Lsndsay
Company Se¢retary
Dara Lyndi
K•y Managem•nt P•r5¢nnel
The seniN staff members to whcmn the day to day mwwement of the charity is ddeg*ed are listed bekr•4.'
Jo Jarth50n lappK¥nt•J November 2022)
Dara Lynch
Pippa Irvi
PBUI Drake
Chief Executive Officer
Cl¥ef Operating Officer
DwJital Owerlor
FouTrJatson Director
SamrrA Vaughan
0￿01 Keenan
Diterkn of Partnership5
Awards ￿￿ctor
Laura Kel
4athebro D1￿ctor

REPORT OF THE TRUSTEES
Registered oirt¢e
D&AD Ltd.
64 Cheshire SC
Lon¢Jon.
E2 6£H
Auditor
hlocxe lth"ngst(N) Smrth LLP.
Chartered A¢cxxJnlants
6th Floor
g Appcld Street
Lond¢)n
EC2A 2AP
Sollcltorg
Lws &'lkin
5 Chancery La￿.
Cliffr*d's Inn.
London.
EC4A 18L
B•nk•rs
The Royal Bank of ScrAland F4¢
London Drummonds.
49 Charing Cross,
AdrniraltyArch,
London.
SW1A2DX

REPORT OF THE TRUSTEES
2. Stru¢lure, Govern•¢e and
Background
The charty was lorrned as a emip￿Y knrted by guarantee in 1￿2. The regstration numter Is
00883234. The Charity CINT¥nissIc￿ registrab￿ nLmber is 305992.
Objects
The Charity's objects are SFrtfthlty restrided to ihe Ic4bw"ng.'
To advance the educa11￿ of Ihe fxjrmiunity by encwragrvj the aoicatirm arKI commissh?n
ofgood desgn and adverti51rrfJ in communicatsons of all ￿ndS by pwding. presenb"ThJ. organising and
rnanaging exhitrAtions, puL4icafrons. twrs ol ¥arKyJs Britssh and foreign ulies. dasses. leclurets, seminars,
tu1￿laIS and olher e(kncational activilies.
Appoinlment of trustees
Any persrffl who is willing as a Twslee th i¥ permilted by law lo do 50. and is elNJitAÈ to bec(me
a Truslee in accordance any rules tr by4aw5 made in a¢e¢*dance theArtides ofAsscoabon adopted
by special resdution in 2017. may be aFwointed to be a Injstee by a re￿tir￿ of the Trustees.
po￿￿$
The Board of Twstees has ovewall reswnsL¥lty for Ihe strategc kadewship. govemance and aFpropna(e
management control of D&AD.
It has th￿e wmary fvnciKffiS'.
To ensure the ¢YgaiNSats￿ stay5 fr%￿Se¢l its rnis5￿n aThJ strate9y.
To make poly decis￿$.
To provide supp(xt and COnstrudp￿ lo the mana9Bment team, in parbu4ar Ihe Chief
Operating Olficer 8nd Chief Exeqjtsve.
Members of Ihe Board of Tm5tees are also DYectU5 Lrfthe tharityfor Ihe pU￿Se$ ol ctywny law.
Each year Vaca￿leS for new memter5 of Ihe Board of TTrEtees arise a5 exisb.ng member5 retire. These
vawicies are availatAe to cr8ative waclitioners in adve￿5￿ng companies. desvJn CL¥npanies. other creats"v
companies, business. museums ￿ galleries, and freelantr respethvety. The candid31es 51and for the
vacant pogbons will represent one of these industries. Su¢¢essful candmaales ¥tho 111 the vacanues for each
Industry sector are elected to senfe as trustees ￿ the charity's Board with effect from Ihe (x)nclusion of the
September meeting of the TnJsiees and hold office lor Ihree years l¢y fcKJr years in the case ol a Tnjstee who
has hdd ihe position of Deputy Prestlent in the third year ol office). The ￿ti￿e$ of Asstxiaiion a150 prowde
that the Iruslees may appExnt a member. vtho h35 nol elecle(J in Ihe pre5cribe¢J manner. lo fill a vacancy
that has arisen the Board ofTrustees. The COn￿"DUat￿￿ of suth an appxmntmwt must be approved by Ihe
members at the September m2et.ng of the Trustees. The President 8nd Deputy President are
appoinied from fv serving Tfustees and take office a period of one year from the of I
September meeling of the Trustees. The office of p￿dent altema*s bets#een thÈ srx ffields of rjeats'wty
desr￿belI above and i5 de1er1ni￿d by the 5eMry Trusiees.
Trustee inductlon and training
New Trustees undergo an orientation 5esSIc￿ to brief them cn decT5KJn makiw prc￿eSSes. the business plan
and recent finanoal perfcrnnces ofthe charfy. During the induclM)n sessim they rneel key employees and
oiher Trustees. On-going training needs are xlents.fied as apwopriate a￿d￿$Sed through a variEty of
means, induding Board papets, leadership days and 5err¥naFs.

REPORT OF ThE TRUSTEES
Remuneration polivrf foff Key Iljanagement P•15<￿￿*1
The Tru5t¢8s and the senw managem8nt team ()>xwse the key rnana9ement personnel of the Chanty in
charge of running and operztiThJ the organisation on a day-t(￿*1aY basi5. Details of al Twsiee expenses
related party transactions are disckjsed in rKJte 16 and note 27 to Ihe acwjnls.
In or(lerto recruil and retsin ihe best staff to safegL43rd Ihe services wowded to tyJrbenef￿ar￿5, ihe Trustees
eonsiderthal il Is imrrtyiantto (Kfera crffipe1￿Ve salary p3(knge. as ben¢tharked wlh ￿milar s￿ed charita￿e
organisab"ons.
The salaryand other rewards (annual leave and pension cl￿11￿}0fthe ChEfExecutive a￿ tenchmBrked
and approved by the Trustees on appclnlment and are rgviewed annualty by the Trustees in acwdance with
the contract of emF4oyrnenl.
l othef slaff rLqes, ￿¢bj￿Ing the sew mawement t￿. are evallwied against a number of criteria,
including ￿sPOnSbIIrtie5, skill$ and experb.se requir&J. These detethine ￿ 7•tsh band e￿h rcle lies wthin
Ihe pay scales.
Ncrnally, member5 oflh8 5emior management ieam are reL7Urted to Ihe¥a55igned salary band. Occasi(mally.
Ihe Trustees will dete￿ine rf Ihe raie of pay needs to be amended ro take a¢c(wJnt of sKJnifi¢ant extemal
factors affecting recruitrnent Io a 5pecffic rc4e. Staff re￿ve a ian9e ol enhan(zd benefits e.9. sck pay,
matemitylpaiernity pay as wdl as annual leave aTrJ pensMW e￿In.￿J￿On$.
Organisatlon
Owing the year the charity ¢weraied frcfft its offices located SIKKethfth. alllw)u9h, as a di￿ impact of
the coronavirus pandernic. and in acctrdance wilh goveMr￿nt gUNjan￿ arbJ ￿SIn￿￿On$ Imposed since March
2020, staff have expeiTenced pen&Ys oltx)Ih Iv)me based and hytryid wthU￿. The 8oard ofTrustees develops
811 ofthe charty's objectiv85. Strategies toddwerthe o*"ectivesare devekwed by the chanty's ChiefExecutwe
and ManagemenlTeam. lrnplementstiQ￿ lies wilh theTeam DirectNs and their col￿agUes.. Awards. Education
and Prole5sional Developrnent. Partnerships and Mernbers, MarkeTh"ThJ, DvJitsl and 1nforrnab.on Syslern5 and
Finance aThd Operatsons. A non*xecu*ve Chairman also provides advKe and asststsnce 10 both the TnJ5tees
and Ihe Charity's Management. The Board of Trustees meets 10 10 12 time5 a year.
Subsidi•ry Compan5
The charity has the foltrm'ng w￿41Y cMr*d subsidiarres".
DIthD TradiThJ knmited. the c&iectives of wlith are to Jjm￿lS1er Ihe Th>￿antable of the
group. tts proffts a￿ donated lo the thanty under Grft Aid.
USA INC, a trading company.
D&AD Hong kng Ltd, a IradiNJ company.
Risk management
As part ol its t￿sInesS dannry and review rmdures Ihe Intstees irnpkniented a risk management
straiegy, whith cornprises..
An annual rewew of Ihe rnajor nsks. their imprt lh8 likelihc*é ol cmlrre￿8 wthith the charity
may lace," and
The establishff*nl ol the systems %thith the charty uses to mibgaie the risks whith have been
idents.fied and to rrrfnirnise the ￿ten￿.81 inyct on the charity shwld any gf those risks maleriali$e.
Key risks hlentsfied indude.. loss of key slaff IhrrNJgh resignatson. Ihe charity lacks direction, strategy and
forward planning. 8oard of Trustees dorninated by one or h¥0 indivhluals. Trustees are benefitin9 from charity
le.g. remuneralionl. cofflpets"lTron. event cancdb1i￿, bwlgetary contrd & financial plannir*J, fraud and error
and swiificant global events.

D&AD
REPORT OF THE TRUSTEES
Th¢ level of rl$k lo the ¢h¥ity's incoming rn5uur¢•5
The trustees recognise that the tharrty's incorne sthjrtrs are ￿￿lY depwdent on lunding from Ihe ueative
industrie5. the media se¢tNs and the bus*ness community arKf thal ￿ levels of Inclxne fr(yn these swr
re highly sensitive to gthl and nati￿4 ecC￿0m1C and pj1￿"Cal conditil￿$. CL￿SeqUenty, the trustees are of
the Opini￿ that reserves should be generated lo a suffioentlevd tg Wotect the charity from averse eEonomic
conditions and any conse¢wential maleriJ dedine in incoffe.
Unrestrteted lunds a￿ needed
To yovide funds to cover Ihè costs of its Charitab￿ actswbes
To 8drnln1stratk￿, lundwai5ing artd swtxirt Ojsts wh*h the tharity e￿Id not ftJ)clh
To prwide funds to cover Ihe cost of its ot4igalions to ifs rnembw5 and supForters
To tover the shortrall in ￿ funding of edur*tvW wc¥ets (thTh¥ise finatKed by sp￿s015h1pS c
donab.ons
To provide [￿dS an a(kquate infra5tructtxe to oTh14e fJ)*ty to operate elfyienlty
Reserves policy
The trustees have C￿s￿j¢r8d the effeds ￿ thr5e c(mditsons ￿ the acts"Mties ol Ihe
charity and at thi5 time are of Ihe cpinion that the chanty aim ￿ mav)tsin unrestythd fesetves for the
folloW￿g purtK)ses".
wor￿ng CaF¥ta equ* to a 18vel of moth, nmniThJ c(%ts to mrtpJale pthntial brning ￿￿e￿I
belween ex￿dItU￿ O￿Njal￿5 and irKorre rtt￿pts (six rnnths runniThJ costs equate to
apKKoxkmatdy £2.Iml.'
lo promde ￿ld1t1(￿}8l fvnds to mit￿ale the impact of twrf¢yeseen vc4atiI￿.e5 through svJnfficant events,"
lo maintain an adequate infraslrnctwg to enable relevant Strate￿1 in Ihe event of wch ConditiL￿S.,
to fund growth and devekwnert in dwty acmies.
Free unrestsiL*ed reseThes ti)tal £5.873.833 I%J21.. £3.876,5041.
The re5ffts poltcy is and awd by trustees basis.

REPORT OF THE TRUSTEES
J. ObJecti¥es. a¢lfvltks and publ1¢ benefft statem
Summary of the obltthes ofthe ¢hailty
The main objective of the tharity is to a¢fvance Ihe edtyxticffi rA ts ¢cmmunity by en(ouraging the
understanding, appretsation and CLwnmisg(x) d good ijesign army advertisiro In communications meéia of all
kinds by providing. presenbry. (￿ganisIng and managiry exhib1bc￿. puNI(ati￿$. lours of various Brits"sh and
foreign cities, das5e5, lecturets, semirw5. tulorials and olher e(luc4tional a￿l￿￿e$.
The th*ity's Missi￿ is".
To Charnp￿￿ excell￿ in crealb￿ty by Se￿.￿￿ iThJusty SI￿￿¥￿$,
To educate and the next generation.
To promote Ihe ￿tl￿tiOn ofueatiwty, ikn and lrmvatl￿ to tsjsiress suc￿￿.
The tharity's strategic aims a￿ io..
Develop the relev8n¢e ol the charity's actiwiies to rts benefir#'arw.
To r￿D"nue to raise the pYofde of Ihe ¢harrty.
To increase Ihe number cl Part￿pants and beneftJ"wies of Ihe charity's aims and objectNes.
To devd(* new in atttrdwce Ihe ¢haity'S cii"ethves.
To ¢￿ate signrficant 5wF4use5 Ihrwgh commer04 acbwbes In cfder to lund the D&AD Fwnd8ts'
an¢ advan￿ the cavse of ueative educalion.
Oblectlves forthe year
In 2021r22 the kn'tys wnap81 objeciNes kn Ihe ￿￿tTe..
To continue lo buld to kvels ￿et￿rIne(l by Ihe tharity's reseryes Fdy.
To C(￿b.￿Ut to deveknp a lulty ￿legrated IxarNI 0)mnxJrications and m*eting strategy across
progranvnes.
To Continue to repM)s￿.￿ the educati¢￿ model by creating Ihe D&AD Foundation to supptsl O&AD's
mission to cekbrale, award and prornote excdlence in busines5 crmmunication arKY dewn.
To conbnue lo rais¥ Ihe charity's
To conb.nue ¢0 invest in the tligilal strategy to (￿lIne witent to O&AD's stakthders and to
redesign D8AD as a digtsl firsi organisati￿.
To ￿¢￿SIder Ihe rc4e of rnember5hip wilhin Ihe orwmsalion.
Strateg1•$ for achieving obsectives and s1gnrfiCa￿ activilieJ
The charity encourages regK)nal and interna￿.0￿al partirip3tion in its acbwbes by Lrfflmunication with the
creative cornmunsty in trose areas through its variws prcgrammes, exfv'bibcfis and publtcations.
The charty researches. and assesses ils acb"vitses aThJ ertsures that rf£ is develorAng and deliverin9
relevant wogramrnes by way ol its k￿leth3e managery*rt system and with its parbapants and
benefitiaries.

D&AD
REPORT OF THE TRiisfEE5
Public 8enefil Statement
Th8 charty's benefits are as in accordance wlh ts awrts..
The provis￿ of education to trTrai seclhy) of Ihe wblic 11)al has an Inter￿ in ueatNe exr*llence in
design. adverti5iThJ and any other CommunKa￿"0￿S rnedia.
The p1onwtic￿ ofthe appreck7tion ofthal creats.ve excelenca.
The benefts are defvered in the fdlowing w3ys'.
A Series of putAK lectu￿ thrwglKJJt the year hjsted by seThor and inlkwitial SFeakers in lh￿1
particular subjed.
Courses available to the P￿1¢ Ihat wiahse in parb￿ aspects of Lyeabvity ￿rOUgh the charity's
Workout pwjramme.
Provision of educational relalionshik￿ ueauves ts IhcGe in higher *thJcab"on through the
University Nets¥(yk prc*JrammB.
Running an awards scherne for undergraduates reading sut¥'ects a5sociaied wilh the charity's aiff
3rKI objectives aThY ￿tch attracts some 3.0(￿ entries eath year. The entry fee is at a nominal c05t.
Prowsion of a free enty of graduate ueative wcrfk thal atir8Lls %)me 7.C#)O wslor5 and
sbJdents.
Provisry)n Off￿ Intemet ￿ lo frcffi lales¢ wofeSsi¢￿al anLI student awards vthith
achieves scme 4 rnrflion views per annum.
Prow5*Jn of an affordaNe t￿k was re￿a¢e￿ by a dKilal versi￿ in 2020 that Ca￿l09ve$ the winning
work on a ccfflpletdy new*ty written websiie ￿1¢h ¥•ill eventualty cover all work since the in¢epts"on of
the charity over SO year5 ayo. Tre digiW 4ky•&S for a rn0￿ ¢JIve￿e and accessible
reach io the ￿c&al rxjmrnunity
During the year Ihe charrty conbnued the in￿"alIve5 launched in 2011 •med to benefil graduate ern￿Oyment
and invdve the public in the creative ￿)￿seS arKI Ihe best in cxeative work".
The Graduate Academy- IPM"s iniliative teaches gr&Juates how io Ih&r eduEatKTrbased 5kiMs
in¢0 the work environment in which could contribute as a member of a team.
Shift. conb.nued to eV(￿e a talenl progam airned at a mwe di¥erse talent. Haviry launchgJ in
2016. It now ru￿ in Lo)don and New YorfE W a year ￿ exh oty wilh on average a 70% 01 sts
recruits finding erI￿o￿ni in Ihe cxeative mdustrw.
During the year the charty ¢(￿linued the irmbative lo invthe aThJ erya9e Ihe wblic in the cxeative
[￿(￿£55 arKI Ihe besl in creative wow
The Impact PTqert- this pmject foc4ses cffl creative ideas thal thange the wcffkj for the better.
galvanisn9 the cwtsve C￿rn￿￿nty arwKI the ￿1 is9￿5that affect us dl.
Achievements made by Ihe [￿s￿n of Ihe benefits..
Development of besi wactice In the ￿ative fidd that wll h8¥e its effect in imtwoved de5yn and
markeD"ng in Ihe bugness sectty consequentty irwoved sucr￿$ ts xwmmerce as a 4thole.
Setting ideas and tenchrnarks lo devekp higher ed￿atr.￿al leaching in ueats.ve hekj thus
gtving graduate5 improved skills with to 8llter Ihe workforce.
slimulats.on of the ap[￿lation of excellen￿ of creatiwty in design. adverti￿n9 and coffrnJnKations
by way ofdebaie. web access, exhitsbcms and events.
Diver*ty, equity. equality, w5tsinabilty IncKW￿ IhroLwJh D8AD DEI and ESG pc1￿￿.
The wblic benefit statemenl has prepmred Ki acC(¥d￿L WTLh the Chaity Commission's gui¢Jelines.

REPORT OF THE TRUSTEES
Fdlowing the adverse ee￿Orn￿ dimate resu￿"n9 frcm Cov*Y-19. D8AO ¢£￿￿nueLl to sycc4ssfulty deliver its
educational prOgrdrnff￿ Ihrwgh the use of digilal sernces and applicab"ons. Thts fesulted in in¢￿ased
inlere5t aThJ attendance at al its iniD"ats"ves and ijigiial even￿ The prOgr￿￿rneS to be more a¢ce5sible (o larg
and broader community globzlty. GIL*>al awareness of the d￿rty wa5 increa5eiJ and (Jevebpment of the
D&AD archive, Omaital Annua and digrtal contert wlich will be a rna]￿ sourts tl creaii¥e reference, has
continued to evolve.
Whilst this has been an inwhjvative and succe5slul devekynert, w&￿ti the 5thequent ￿n￿3¥al of COV1[￿19
restrKtions, D&AO ￿ F4anniThJ to return lo a event ￿)S￿.ng the 2023 awrdtds r￿mrS￿ and
festival.
The charity's perfonTrance aga￿st its thiecty"¥es over lh2 past year is as fckn4¥S'.
Obltcll¥e In 2021.22
To maintain ￿erVeS at knls
etemiined ty Ihe
reseNes poficy.
The grrAJP rernrted reserves of £5.964.37612021.. £4.251.4161 of
whith ￿TeStr￿￿ reserves are £5.873.833 12021..
£3,876.S)41.
To Con￿'nUe to develop a ful
integrated trand ￿nMUniCa￿"OnS
and marketing strategy across
programmes.
In(xeased internaticfflal ￿¢￿emp￿t wih the charity esperyally wilh
inweased in Ihe awards stheme and glLthly ¢n Ihe kYofesS￿naI
devdcyrrÉnt F¥o3ramrne.
To Conbnue to invesl in the digitsl
strategy to delNer an online offer to
D&AD's slakeholders. thefeby
building D&AD's coM￿J￿ty.
Conbnued investrnent and deh.vw in Ihe charity's ¢Ji9ital activities
indudiThJ Ihe of Ihe fredy availaNe D￿lIa1 Annual in
ace of a rknysThl ￿nual. aThJ Ihe digital delivery ol al
k¥ogrammes I￿lUdI￿ EthJcation. Masterdasse5, and Awards
CeremLx)y anWIg￿ Olhers.
To revie* and extend mwkets and
audience beyo* UK and Eurcye
post 8￿￿1.
CMtiwed io athieve media ￿verage to extend beyond
Ihe UK and Euro￿, %wth apronted intemational rep￿SentativeS in
IJSA. Japan. Australia. India an¢J 8raJ"l.
To conlsnually develop the
redefined professional
development stralegy.
EststAishmenl of a dear (x)herent YO￿ acxoss al
coMmunica￿n ￿alIc￿￿$ aThY conb'nuing to rdise the cDrnpany
F￿0￿e. t(Jth UK ￿ Internati￿alty.
To contillue 10 build intematiLtsI
awareness in key fibes.
Senior managem8ni of the chty *a5 wll ￿ntinue to Wis￿
approwate hxations and meet wilh key contacis to éevelop Ihis
obiectsve. Apwntrnents of intemational rep5 arein ￿8¢e ￿skeY
I￿ats"¢￿$ in India. Australk?. 8raJl. US& China & Japan.
To luly U￿lise D&AD head office in
Shoredilch.
Events are now happenirg more regularly, bJildir*J rdatK>ns wilh
Ihe wder rxeative comrnunty and sawrvJ exiemal costs.

REPORT OF THE TRUSTEES
Finandal miew
A stsndard program of i￿(#￿e generabon resulteij in ino)mirvJ resources being £814,c￿ higher Ihan Ihe
previous ￿e￿e￿rn￿th ￿ri￿J. whith incorporaied an increase In Profess￿nal Development 01 £188.(K)O
8xduding the income rec￿nI￿.0n ol Ihe EU Bridging Ihe Gap inits"ative in Ihe prior year. 1*K￿ase$ in
PrOfessic￿al Awards of £442,C¢)O. Pather5hips of £15,0￿. in New Bl(¥>J of £619,CKIO followng a
signrficant increase in S￿s{W$hip ftwthe New ￿C0￿ Shrfl pwranwne.
Standard forecasl a¢tsvity reS￿led in c0515 increawo by £208.OLKI against ihe pveviDUS tsvthe rnLth5 to 31st
August 2021.
Tho effect ol this was a groupn8t lurK15 inllrw of£1.713.rKo12021.. £1,107.￿0 ovffiowl ILY Ihe hvth8 monl
ended 31￿ August 2022.
Prin¢lp¥l fundin9 soiirtts
Entry i￿￿ne for the profession￿ awards stheffe was higher by £442,oc￿ C£￿Ted to the Fff¢Vl￿Js year.
mainly as a re￿Al of an inueased nurtts of en1￿ fr(Mn the larger net*ryks.
Funds
Gfoup fund5 at 31 Au9usI 2022 amoursted io £5.964,376 12021-. £4.251,4161 of which £nil were restricted
12021.. £135,269). There was a 5urplu5 of unrestricled lund5 of £5.W,376 12021". £4.116.1471. The charity
11 conbnue its programff* of cost control and inrnme enhanCern￿t in wderto itKrease Ihe unrestrided fund
balance. 11 L8 anticipated that this pwraffffle WAI delwer ffffjteri* wrpluses in future years due to Investment
in strearnlined systems and avtOMatM￿.

tkrJJ&gn EnvcJopB ID.. ￿5￿C4E￿o￿lw7s￿￿BAI
REPORT OF THE TRUSTEES
Fuiurn F4ans and subs•qu•nt evenls
Thts charty's key strategic pc4ioes as ststed in these statements rernain as fd￿nI for 2021122. In addl11c￿,
the inuease in unrestricted funts to a level both w￿lS[ent￿lh s reser¥e poly ¢ontirwe as a
major objective.
D&AD is exploring oppc¥fvnibe5 to transfcrfrn the l)u5iness by using digital tethrK)logies that add value to ils
ex15tsng ojst0m￿ base and ueate new m•*eis to ex￿0¢e. A 4-year rKogram of iterative transfoTmatrJn has
been agreefl upon lo launth new inrthatKn and T￿le￿ ￿$b'r￿j te(hnc4wy and fun4t￿alty to trdnthxm
ihE busnes5 gLNng forwwd.
Objectl¥e for 2022ra3 and
btyond
T¥g8t
To maintain reseryes al ￿¥￿S
delermined by the
reserves polw.
C(*)tinUar￿ of the financAal reknew and idents"ficaticffi of costs
S8￿ngS and new inc(Mne strearns enhanced by more effectwe
management of exisbng programmes.
To conts.nue to deveknp a fulty
integraied brand wrnmunulions
an¢ marketing strategy acrns5
programmes.
l)evekpment of a dear ané ctherent vThce across all
communication ￿atIc￿M5 arKI continuing to raise the company
Fffofile. both UK internab￿lty.
To continve to invest in the dwital
strate9y to deliver an online offer to
D8AD 5tskehdders, thereby
building D&AD's community.
To undertake a signifitanl revw and redeswjn ol D&AO'$ (ligital
hIlectu￿ a(xoss all tAalfcrn5.
To rewew and extend mark¢ts and
UdIen￿ beyond UK and Europe
post 8￿xIt.
To ￿tinue to reach di¥er5e audiences rewesent the breadth
of commwual crealwe comrrrfjnity. Focu5 on segrnents which we
can r*rEtrate effectNdy," likdy to be design & prOductic￿ agerties,
iTrh¢xJ5e creative & desvJn teams and ¢(￿Su1tan¢le$.
To continue to reach larger aUdier￿e5 outside London and the UK.
FrKus ￿ gr￿lAh cibes which we &8n penetrale most effectively.
Poientiaty fwjssing on the USA. Cr￿￿dering the lea*bilty of
establthiThJ a tthy5ica F￿$0￿1 presence and resour￿ Ihe
ground.
To ¢￿tIr￿RIty devekp the
redefined prole5s1￿al
development slralegy.
To continvally revivw Strategy to ensiwe rt is rdwdnt to the need5
ol the present and future by devdopirYJ Ihe model into
nwehen5ive, lechnicalty flavoured senes of trainirvj ￿(￿ule5
tsrgets'ng both the ue3ti¥e and dient ccmn￿n1tieS wlh the ultimate
ot¥ective d the crealion of an E-Learning series to scale the
ente￿￿lse and enhance the devdopment of careers in Crea￿.¥8
fidds thrrwh C￿￿n￿￿5 Profes￿on* Oevekjpmenl {CPOI
stheme.
Fo¢usgn9 C￿ lar9er corp¢xab￿s and £￿Ir￿￿ wilh rnore global
Ch to achieve a g￿aleroUtrea¢h.
To contiwe to ￿11￿ intwnat#?nal
awareness in key cities.
sen￿ mana9ement of the charity h85 and will continue lo visil
apprcwate kKabons and meet with key crmtacts trj devdop Ihis
objecbve. App￿￿nIm￿ts of lntemab.onal reps art al￿aty in place
across key ixzlions in Gennany. India. Australia. Brazil. USA.
China & Japan.

REPOIIT OF THE TRUSTEES
To continue Ihe develty)ment of
our diversity. equality, equty and
incjusion bolh ￿thin D&AD and
Ihin Ihe inL1uslry. comrnLmil*S
and soryety we are a part of.
Tgtsvdopthe D&AD Strategythr￿jgh wr lh￿e estatrAished pillars..
Creating a ajliure vknere ever￿)ne fee15 welojme. bek)ngs and
is able lo be theMse￿e$.
Creatsry a more éiverse iThYusty IhrrAJ9h wr programmes &
aYom)s
Ensuiing ￿[￿esentab"fffi wAthin D&AO lo ￿eth1he rth diversity
ofthe LL￿d0￿ 5cKiety. induding at 5eniu levds.
TD establish ￿ appropriale
en*ironmental susIa￿abljty pC4￿Y
and framewts
O&AD has apronted a head ofsustainat*lity al0n99de%￿rk4ng wrth
exl¥nal c(*bsuttanL8 to develw a ￿$taIna￿￿"1fy plan. measure its
cartKfi emis9￿$ and lo publLsh this plan and the a$S￿ated dats.
D&AD 15 rneasunng ts carbon errnssion bolh operationalty
and also relab.￿ to it5 external events io redvcing its
emisgon artd an arnbrtlL￿ of decart*Jnising all rts activibes.
Ilhin a trarne to be confirned, but looking tOWdrd5 2030 to be
a cartr￿n free organisatic￿ and emF4oyer.
Thi5 indudes reducing energy C￿su￿￿tion waste.
inctrwathng Sustainab￿ty into pr￿u￿rnent practice5 and
processes, prior￿"￿￿9 suppliers and service wov•Jers that share
O&AD'5 value trward carbon neutralty.
To bj1￿1 vb.lise D&AD he*1 office
Sh(Kedilch.
To utilise the Sp￿ to w)hance aThJ build ￿LatIonS vrithin the wider
community and swve the ueatsve community.
Events ￿ now ha￿Ain9 n￿)￿ wularfy sawng ￿ e￿er￿al
COStsth1￿ and weratiru a small revenue strearn.

O&AO
REPORTOF THE TRUSTEES
Statement of Trustees. Responsibilities
The trusiees (who are the director5 of the charity for Ihe purposes of cornpary lawl. a￿ respcmsible for
preparing the Rewrtofthe Trustee5 and theffinancièl statements in aCCL¥darfe*ilh a￿￿1¢able lawand United
longdom Accounting Stsndards (United KIthgdL￿ Ge￿rallY Accepted Accounthg PracDc*l irKludin9 FRS102
"The Finantsal Reporting Slandard appI￿able in the UK and Republic of Ireland."
Company wuires the Iwstees to prepa￿ finan¢4al slaleM￿ts ft)r each financial y¢ar. Urtder COMp￿Y
law the trustees must rK>l approve the financkql statements unless they are satisfied that they give a true and
lari view 01 the stste of affairs ol the charitable wmpany and the group. and of the incoming fe50urce5 and
applicatiorb of resour￿. including the incc¥ne and ex￿nditure. ol ts d￿ritable group for that period. In
weparing those finanoal statements. Ihe trustees a￿ requi￿￿ to..
Sekct Suitab￿ accounting kxJIici8s and thon apply them cowstoniiy."
Slate bvhelherapplicable 3cctyJntJng stsndar(ts. In￿L￿1n9 FRS 102. havtr been sutiect to any
material d¢Partu￿ ¢*sdosed and explained in the financ4al staiements."
Observe the methods and pnmples In Slatement ol Recommended Practice Charities ISORPI.
Makejudg￿nIS and estimale5 Ihal are reasonabk and [￿￿OIenL
Prepa￿ the financial statements on a wing COn￿M basis unless rt i8 inapprwate presuffe that
the chbrita￿e company will continL* in t￿siness.
The tru5tee5 are ￿SponSible fv keeping proper accoWts"￿j reC￿r￿S ¢hat4Yisctose ￿aSOnab￿ W￿r8¢Y at
any tim8 the financial po51tic￿ ol Ihe chaThiab￿ ¢(￿panY and to erta￿￿ Ihwn lo wsure Ihal the financial
staternenls comp4y wth the c￿￿panIeS Act 2￿)6.
They we also ￿spOn￿b￿ lor safeguardbrrfJ the assets of the charitatle company aThY hence lor tokn.ng
reasonatAe steps for the prevention and derecl*Jn ol traud and other ry￿all￿e$.
In 50 far as the Irustees are awa￿".
There is rKt relevanl audit infmt•)n ofwPwch chaiilabk cornpan￿$ aujitor 15 unaw¥e".
The trusiee5 have taken al the step5 that they (wjght to have tak8n to make them%fves awa￿ of any
relevanl aL#Jil bnl(MtW￿ an&to estsblish Ihal Ihe audstw is aware ol that infonnalwjn.
Sm411 Companles Exemption
This report has t*en p￿pa￿d in accord￿ with Ihe ¥¢oal pro¥is#)ns rdating lo small ￿￿panIeS wllhin
part 15 01 the Companies Ad 2006.
The trusiee5 01 ihe Charity appro¥e the Trustees. Annual Repryl.
Auditors
Moore Kingston Smth LLP has InLIKated their wdh.wess to crntiwe Offi￿ for the ensuing year.
513012023
Signed on behalf of the Tm5tees on .........................
Oyrt
J¥*
Dara Lyn
Secretary

INDEPENDENT AUDITC*'S REPORTTO THE MEPABERS ANO TRUSTEES OF D&AD LIMITED
Oplnion
We have audited the financral statem￿$0* ID&ADI IIhe'pa￿nt (tharrt&Jle c(mpany'l a￿1 its sub%dk4ries Ithe
'group'l for the year ended 31 August 2022 whith C(M￿¢Se the Grwp Statemenl of Financial Activib"es. the
Group and Parent Charitat48 Company ￿ar￿e Shee¢s, Ihe Group Cash Fk)w sta￿Ment and notes to the
finanoal slater1￿ts. inthding s￿nIficant act￿nting Fdicies. The finanoal re￿ng framewtrfk ihal has been
applied in their preparab'on ￿ appI￿able law ané Uniled ￿ngdL￿n Acwjnting stsndards, induding FRS 102
'The Finanoal Reporbng S￿ndard AF91￿able in the UK RewtAic ol ITdaTrJ' (United lQngdorn Generaiy
Accepted Accounting Practice).
) our opinion tl* financaal slatwm￿ts'.
give a trL* and fair ￿eW of Ihe slate ofthe wp's and the pa￿n¢ tharitable ccxnpan￿S affairs as at
31 Augusi 2022 and of Ihe grtyJp's Inccthing res(wrces and of reswrces. Including its
income av(J eX￿ndIture, f(¥ ihe year then wded".
have been prLwety prepared in 3(xordance v*ilh Unrted Generalty A¢trfJieO Accountin9
Pracbce.. and
have been prepared inaC£crfdancev￿ therequirementsofthe Cornpanies Act 2(￿ aThJ Charib•S
Act2011.
Basis for oplnion
We c￿OU¢ted our audit In aC0)rda￿ ￿th Intemational Standard5 Aud￿ng IUKI {ISk IUKII and
applicable law. Ow ￿$[m)nsIbIliti.eS uThJer those slandwds a￿ fvrlher described ￿ the Audtlors
Responsibiiffjes for the audit of the financ4al ststements sedion ol reFYJrt. We are independent of th¢
Charitable company in accordan￿ with the elhi¢al requirements that are relevant to our audit of the financial
stslements In the UK. including the FRC'$ Elhical Standard. and we have fulfilled rAJr other ethirAI
resFw)n51bilits"es In accordance Wlh these requirem*)ts. We bekeve the aL*Yit eVKJ￿Ce we have obtained
is 5uffKienl arvj apprwate to proYKle a basis f(* opinKffi.
Conduslon5 relatong to going ¢on¢em
In a￿lItIng the finanaal statements. W￿ have ctXKJ￿Jed that ¢he tru%tees' use of Ihe concern ba￿ ol
accounting sn ¢he PreparatiL￿ of the finanaal ststements 15 apwopriate.
8aseil on woth we have perforned. we have not identified any maierial uncertainties relating to event5 L*
cOndit￿S thaL individualy or cC41eC￿¥￿. may (ast 51gntfjcani doubt on ihe group s and parent charitable
companls abilityto continue as a g￿ng ￿nCern for a olat leasthvthe months frorn tAthen Ihe fin8nci81
statements are aulhori$ed for issue.
Our rEsponsits"lilles and the ￿$pc￿sirIlll￿ clthe trustees Mlh rested kn 9(￿￿j are ¢*scribed in the
relevant 5ectioF6 of this rewrt.
Other inforrnation
The Other infrxmalion comr*Ee5 Ihe 1nlorrnati￿ induded wi Ihg aTr￿al rep￿. other than Ihe financi
slalements and audrtorfs report ther￿￿. The trustees are TesF￿￿ts￿ for the other information contained
Ihin Ihe annual rerAYL Our Cyin￿ on the finanaal statements nol rTher the other inforrnation aTrJ,
except to the extent othep*ise exFli¢ity stated in ow repryL we do not ex[￿$ any frym of assuranc
onclu5K)n there￿.
Our responsi￿1￿ 15 lo read the olher ￿f0Mlation anLI. in dory so, C￿$￿Jer *+*lhBr the other iAh)mi8b"on
materially incon￿stent wilh the financ4al stsrements ￿ ¢JJr knO￿e obiaiNed in the course of the audit or
othe￿ise appears to be maleiialty rrisstated. If we hlentify such material In￿nsiStenE1es or apparent material
misstatements, we are reouired to detemine whether Ihere is a malerial rni5Stalement in the financwl
slaternents themselves. If. based on Ihe ha¥e perfomied. we condude Ihal there is 3 maleri
misststement of this olher inlomiats)n. ate requir&J ¢0 rerut that fa
We have nothing to reF￿rt in ttM5 regard.

INDEPENDENT AUD￿aR's REPORT TO THE MEMBERS AND TRUSTEES OF D&AD LIMITED
Oplnion$ on other mattevs prescribed by the C*Jmpanies Aet 2006
In our owion. based ￿ the th ￿dertaken in the ￿TSe olthe
the inlomiaticm given in the Istrategic rewAt and Ihel Iwstees, annual r¢p)rt for the fman¢ial year for
whith the finanual Staterr￿ts a￿ prepared is congstent ¥Ath Ihe finar￿￿1 str1em￿t$.. and
Ilhe strategit￿pOrt and Ihel trustees. annual rerxythave been prepared in ac(tsdance with 8pplirable
legal requirements.
Matters on ¥thi¢h ￿ ar• rwuir¢d to rep¢xt by exceptio
In the IvJht of Ihe kn(y•Aedge anLJ understandiThJ ol wup and parent charitable (xffipany and tI￿r
environmenl ctjtained in ￿￿￿se ofts aud¢ have not identif*d rnaiwial misstaiements in Ihe trustees.
anrMJal reFXJrt.
We have nothing to reF￿ in resped oflhe lo1￿"r￿j matterswlwe Ihe Ccxry)arwes Att 2006 and the Chwities
Acl 2011 requ￿ us to reFQrt lo you if. in ow Of4nw.'
the parent charit2ble company has not kept adequate and suffiuent accounbng records. or ￿tumS
adequate fLY our audit have nor been rec￿ve(l fr￿n branthes r￿1 visited by us., or
the pa￿￿t ¢harilat4eccffipany'sfinanoal statements areTrJtin agreernent￿th the8￿Un11n9 record5
and retyjms., or
certain disck)sures ol trustees. remunwation specjfied by law we made.. or
we have not ￿e1Ved am Ihe inforrnab.on and e￿￿8¢1￿$ we require for w audit.. or
the twslees were not enb"Iled to txepare fv finanoal statements in accAxdance wlh the small
companies regime and take advantage of the small t(ryan*s exempti￿ in prepari￿j the Trus¢ees'
Annual Report and frLN* weparin9 a straiegic ￿pCrt.
ReSpOn￿bIlItieS oltruste
As eApl8ined more fully in Ihe 1rn5tees' r85kX)ngb"1th5 slat8mgnl Sel L¥Jt page 11, th8 trust￿ (V*tho are
also the directors of the charitable comp3ny for the purtKJses ol company are reswjnsible for the
p￿parab0n of the finanual sta¢ements and beiro 5atisfie(1 Ihat they gtve a true an(1 fair view. 8nd such
inlemal ¢(￿1rd as the trustees determine is necessary to ena￿e the preparation of finan¢ial statemenis Ihat
a￿ free from rnateri* misstatement. kn*ether du¢ to fravd ￿ eff￿.
In preparing the financial st3tements. Ihe trustees a￿ ￿ponsi￿e for assessmg tre group and parent
charitable CO￿panY'S ability to continue as a gong Concem. di5dctsiry. as awicable. rvwttets ￿lated lo going
rmcem and using the g￿ng C£￿cern baw5 01 accountirrfJ unles5 Ihe trustees *ther inl8nd to h"qu￿ale the
grcAJP or parent eh*itable oynpany or to cease Opera￿5, have no wlisk altemative bjl to do so.
Auditoes Responsibilities for the audit of the finanual ststements
We have been apptynted 35 auditty under the Comp8n*s 2006 and section 151 of the Charities Acl 2011
and repy)rt In accorda￿ those
Our objectives are to otrA3in reasonable assJJran¢e atK)uE whether the finanoal ststements as a whok are free
from material rnisslatemenl whether due to fraud or error. and to issue an aUdI￿'S reput that includes our
O￿niOn. Reasonable assurance ffj a h￿h levd of assurance. tAJt is a guarantee that an audit conducted In
aCCor¢Jan￿ ¥wth ISAS IUKlwll thays delect a maierial ￿SsIale[r￿nt when rt exists. Misstaternents aris8
from fraud ￿ er￿ and are considered rnateril If. Ind5Yidually or In a99regate. Ihey could rea5cffja￿Y be
expected lo irtfluen￿ Ihe econcrfnic detssw)ns of users takert bas6 of these finantsal statements.
As part ol an audit in acrx)rdan(t with ISAS IUKI we exerc￿ profess*mat ju(hJement mintsin
professional ￿P￿cISM throughout Ihe audiL We ￿50..
Idenb"fyand assessthe risks 0fMat￿"4 nNssts*menioftheffin8ncaal stslements.whetherdue to fraud
or 8rror. de&gn and perform audii pr(tedu￿S Yes￿$1¥e ￿ those rtsks. an¢J obtsin audil evi¢ence
¢hal Is 5uffiuent and appropnale to wowde a basis fLYour opini￿. The risk of not iJeiecb"NJ a material
nys5tsternent re3u￿.ng frc￿n fraud is higher Ihan for one resuhing from etyor, as fraud rnay invofve
c¥JUu&on. forgery. irtents.￿al omissK)ns. mt5re1￿eft1atyrffjS. w the overr#* of intemal ￿ntr￿.

INDEPENDENT AUDfTOR'S REPORT TO ThE MEMBERS AND TRUSTEES OF O&AD UMITEO
Obtain an understsrtding of intemal ts)ntrd relevant to audr¢ n order to design audit pro￿dureS
that are appropriate In Ihe tsrtum9tsn￿. twt not for Ihe purposes of exwessing an opinion on the
effeth"ven95s of Ihe wp aThJ partni intemal control.
Evaluate the aprryriatenes5 of acts￿￿tir￿J policies useAI and the rea$(￿a￿eneSS of atetyjnting
eslima¢es ￿late£l disdosures made by Ihe trustees.
Condu¢e C￿ Lhe apprwi*eness of Ihe trustees. use of Ihe gc*rMJ C￿cern basis of accounlin9 ￿,
based on the avdit evidence obtwned. whelher a malenal uncertainly exists ￿lated lo events or
conditic￿$ that may east ggnthcanl doubt on Ihe group and parent (hantsble company's abilrty to
Jntinue as a gryng crmcem. Ifwe cwdude that a rnaterial uncertainty exists. we are required lo draw
attention in Ouf auditor's reFQrt to the ￿lated disdosures in the finanoal 5taternenls LY. rf 5uth
dis¢losure5 are inadequate, to rnojify ¢)pin1￿. Our ￿￿d[*S10nS 3re based on the audit ewidence
rtitained up to Ihe date of oyr aUdI￿S reF4Xt H¢Th￿er. future events conditwjns may cause the
group ￿ pwent charitatAe wnpany to cease to ¢￿tinue 85 8 90ing concem.
Evaluate the overau kYesentsb"on, structure and of the fnancial staten*nts. indudirg Ihe
¢Ylsck)su￿. ar￿ ￿ther Ihe finan081 Ststeft￿ts reprewt Ihe uthjertying transathns 8nd events in
a mannw that aehwes fJ"r p￿sents￿"0n.
Obtain suffiuent arsyopriate audrt eV1￿Ce regardry tr* finanoal inflyma￿)n of the entrb.es or
business aCD.￿lIeS within ihe grwp lo exp￿5 an cyinion ￿ Ihe con5didaled financial slaternents.
We are rewn%ble f(x the direction, supery19r￿ * Ferfumance ol the gyoup audit. We remain
sotely resF￿￿￿1e for our audit reF<JrL
We comrNnicate wilh thcse charged with govemance regard￿￿. arTrJng other Matters, Ihe F4anned Scope
and b'ming of the aLtsait and signifKanl wdit findiTh>. WKludiTrJ ￿ signifKant defiuencaes in iniemal ccfitrol
that we identfy during our audil.
Explanation as to what •xlent the avdlt was ¢on$ldered capabk of d•t•ctTrng Irregula￿1?$, kncludlng
fraud
Irregularib'8s, induding fraud. ar8 insta￿e5 of n￿-0)rnF￿ance T*Mh laws an(J regulab"on5. We de￿gn
pro￿￿vre5 n line wth our responsibilitse5, OUtline¢J at<)ve, to detect rnalwial mis5talements in ￿Pect of
I￿egUlarl￿eS, indudin9 fr•Jd. The extent to which cw wocedures are capalle of detecting irregulanU"es,
including fraud Is detailed bekA¥.
The obiectNes of cmjr ￿drt in respectc4 fraLJd. are., to •Jenb"fy and assess Ihe rtsk5 of material mtsstatement of
Ihe financial slaternents due 10 frau¢J- to ¢*tsin ￿￿1(￿ent ap￿￿riale audit e￿de￿e regardwig the assessed
risks of material mis5t3lement due to fraLHJ. tht(xJgh designing ￿ implementiNJ apw¢wnate reSp￿se$ to
Ihose 85sessed nsks", and to re5pJnd apkwtyriaidy to Instsnces ol IraLKJ or gJsr*d&J fraud ident4fied (Junng
the avdit. However. the wimary res￿nsIbIlity for ihe Preventi￿ and ￿te¢l￿)I of fraud rests wlh both
management and those thar9ed ¥4ith governan￿ ol Ihe ctsi1ab￿ company.
LThJr a￿￿a¢h was as fL41(F￿.
We obtained an Unde￿landIng of the legal and wulatw WU1￿ments appI￿￿)Ie to Ihe charilable
ccrfnpany and considered that th• rn05t $gnificznt ￿ Ilhe Companies Act 2006. Ihe Charities Ad
2011. the Charity SORP, and UK f￿8￿¢￿ reporting stsTrJards as issu&J by the Fsnancial Rewjring
We obtained an understsnding of how the thwitsble company crMnrAies ¥&ilh these wuirements by
discussi￿$ wth managemerti athj Ihose charged govwnance.
We assessed Ihe riskol material misststemenioftheffin*Kial Statem￿ts, induding the risk olmaterial
misslatemenldue to fraud and hwit (xcw. bYholdW￿ dixuSS￿n5￿1h rnanwenl those
charyed with g0veman￿.

INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS AND TRUSTEES OF D&AD LIMITED
We inquired of rnanagement and Ihose char9ed vmth g0Veman￿ as to instances of non-
CcknkYian￿ N suspecbj nor￿COr1￿￿n￿ wulations.
B35e(l ￿ thi5 undw5tanding. ￿ deggne(J spelific appropriate audit W(tedU￿ to identify instan￿$
of ncTrCUn￿18TrCe wilh laws and reg￿ti10n5. Tkns included making enquiiies of management and
those tharged wth g(p￿rtanCe oi*ainiThJ addW)¥ corrOb￿kne evi(Jence as rew11￿.
T1￿￿ are inherent limitaty.￿S in the aLxJit prwedures described aLYJve. We are less likely to become aware ol
instsnces of non-wmtA1an￿ with law5 and regulats'ons that are not d05dy relaied lo events and tr8n53clion5
reflected In the financial statements. ￿S0. the risk of not detecb'ng a rnateri￿ misstatement due to frèud is
higher than the risk of T￿L detecting ￿ results"ThJ frcmn eThor, as tr4ud rnay invc4¥e d¢lib8rate conGeaLmelll by.
for eXarnp￿. f￿gery w Inlenbonal misreFYesen¢atKms. or through uylusion.
Ll¥e of our report
This reporl 15 rnade srAety to the tharitsbi8 (¥)ryanys memws. a5 a ￿y. in acwrdanit Chafftr 3 of
Part 16 of the Companies Acl 2CIJ6 and. in reSp￿t ol the Consol￿ated finanoal $talement5, to the ¢harity'$
truslees. as a boty. in accudance ￿￿th Chapter 3 of Part 8 ofthe charib.es Aci 2011. (ljr avdil wcwk has been
unLlertaken so that we might stste to the th81ilable C￿npanY s M*n￿r5 arnl trustees IIKJse matters vh)tth we
are required to state lo them In an aLKlitor's reF#Nt and for no other purFose. To Ihe lulksi extent perrnitted by
law. we do not accept or assume reS￿￿5•￿Ilty to any party other than the charitaL4e c(Knpany, the thantat4e
company's members. as a ttyJdy, and fv charity'5 totstees, a5 a bLwJy. fOr￿r auLlit wo￿, for this report, LY for
the opinKJn we have fomied.
.Tr]tK).rt kfvw51on L
Oate..
30 May 2023
drew Sbckland ISeniN Statutory AkMlitc*l
for and on behalf of Moore Smilh LLP. StaI￿rry Au(litt
9 Appjld Street
Lcndon
EC2A 2AP
Moue Kingston Smith LLP is *itAe lo aci as a￿lIc( in temts of Secti￿) 1212 of the Companies Act 2Crf)6.

DPAD
CONSOLIDATED5TATÉME14TOF FIMA14CIALAcnvmES
Iltt¢orporatir¥* in¢ome aThd txpehdlture ac(wrtl
FCMITHE YEAR ENDED JI AVGLIST20?2
T(￿b
Total
¢orne from
Grants anddonations
Trading incornefrorn subsidiary
175.254
343.563
4￿.720
440.no
Choritobkortl%Yties.'
Awards
Partnerships
Piofessiw4 De¥elcgmeni
New glood
Totsl tharitsNe KEwities
4.935.555
54.575
386,051
1,311,OZ3
6.687.304
4.935.555
54.675
386.051
1.311.023
6.687.304
4.493.233
40,000
SB6,434
692,131
5,8IL,798
InTrie5trnent InCL¥nE and ifitere5t
Other income
305
7.690
6.338,610
21.526
7.IS2.SS8
21.526
7.152558
Expehdltureon
Raisin8 fund5
Tradin8 sub￿diary iosts
IA71.767
151.074
2.022.841
1.871,767
151.074
2.022.841
1.417.959
108.399
1.526.358
Choffitobleprti¥it*s."
Awards
Partnerships
fvofe55ional Development
Wew Bhiod
Totsl charita￿e actMiiES
1.8Sg,614
428,139
232.495
761.240
3.281.488
I,B59,614
411,139
367,764
761,240
3.416.757
1,929,747
472.331
566.416
736.671
3.705.165
135.269
135.269
SJ04329
iaS269
5.439.598
5.231523
Ilet kn￿me1 (expendt￿weI
IwJ
1135264
1.?1196Q
L107M7
Tr￿sle1 be￿een funds
14
Toial fvnds broy8hifor￿rd
1124
4.116,147
135.269
4,251,416
3.144,329
lot*1 fund5urried f4rt¥atd
S,964376
5.964.176
151A16
The Charity has no rec<*nised t•nS LW lossesfN the year Olherthan asdetsAed a￿.
The movemefits in the Chaiity'sfunds for theveararise thechariws C￿linu￿&¥(ll¥l￿¢

Dcxuggn En¥ekwID'. n%554¢C4ED4BBgB91￿lKC751IE￿1
BAiANCE SHEETS. GROUPAND CHAAITY
AT 3IAVGVST 2022
Group
202Z
Ch•r*y
iou
Cbar*¥
20ZI
2021
Flx•é assets
Intangible a$5ets
Tanwble assets
Inve5tment5
11.576
77.￿7
39.191
2(Q,452
12.576
77.%7
39,19l
2th).452
1.000
240.643
19
9).543
239.643
91.543
rpeht assets
Debio¢s
Cash atbank and in hand
zi
735.863
4.733.962
5.469.825
735.863
4.723.838
5.459.701
6.670.454
7.678.255
6.659.693
7,667.494
Current liablltles
Creditors falline due within oneyear
11.Wl.4221
11.458.052)
12.1)86.7711
11.686,5561
Nei curreDtassets
5.873.833
4.011.773
5.580.723
3.773,145
Totsl a$￿tr le55 cwrent I￿rrt￿5
S.964.376
4.251.416
5,672,266
4.013,788
Net a55ets
5.964316
4.251.416
5,672.266
4.013,788
A(cumulated lunds
Re5tricied funds
Llnre5tricted funds
Total •c£umui*ed fvn
23. 24
23,24
135.269
4.JJ6.147
4.15L416
135.269
3.878.519
4,013.788
5.96q.376
%964376
5.672.266
5.67Z,Z66
As permitted bys408 c9mpan￿sA(r It￿. the compan¥ ha5 noipresenied it50wn statement olfinancial acti¥itie5 ornd
rel*ed notes. The charity'5 sv<pIus foi the yearwasEI.658.47812021". E915.936 Surp￿$)
513012023
The financial staieft*ntswere approved bythe tntstees on._
. and siined on thEir behalf bv..
OU¢llS￿ed by.
F43C￿E9406I6£...
Trustee
Compaiyre&isir*ioA numbei I￿83234

CONSOIIDATEDSTATEMÉNTOF CASH FII
AS AT 31 AUGLIST 1022
2022
2021
Cash Infiow from ¢p¢ratln8 aCli44bQS
Net cath Pro￿¢k￿ by opÈratin8 èCb¥itsQS
1,967.520
L661.693
Cash fvom in¥e5tini let￿e5
Investment irt¢ome and Intetesi reteived
PoyMEntsto atqulretsng￿l¢ and Intanrt4efixed assets
305
134.0351
131.0271
305
Net In(re1￿ in andush Equ6¥4lerts
36M9J
L661.998
Cash and cash equivalentsai b￿nn￿¥0￿vear
C•sh •Md£ash equiv•*nis aldvse
4.733.962
6,67U.455
3,071.964
4,733.962
Recondllatlun of net I lexpEndtsrnltg (a5hllry*frvm opewattr¥a¢ii¥fti
2022
Nei Incomel Idefidtllorthe rep￿pellad
1.711.960
1.107.087
Adlustmethts for:
Depreciation char¢es
Investmeht incorne
IlrKre•sel Idecrease in debt4Y5
Increase in credittys
cath pro¥idRd by Opewatryacihl￿
IB3.135
13.LX)81
1271.9381
Y6.371
1.967.510
182.361
13051
1270.1391
442,689
1.661.693
Anal¥sisoI Lash andtash ewl¥*rts
Cash at bank and ih hand
6.670,454
4.733.962

NOTES TOTHE FINANc￿L 5fATE¥fpirs
ASAT 31 AVGUST 1021
I. ACCWNnNG PQWES
•1 Basis al preparat
The financial statements comprtse ihe Chanty and its¥thdty-owned subydiary O&AQTradmE tsmited on a lintrby-line
ba￿5. Transactions and balances between the charitsblEcornpanyand rts sub5wJiary havE been diminated t￿￿ the
Consolidated finar*lal ststefflents Balances between the fAxl companies aredisdosed in the notes of the charitab
company'5 balance shed. A Separate st•iement of ￿art001 artNrft￿s. or irtcome and Èxpenditute actDuni lor the
£hariiable cofflpany Itsdf is noi weseDted beuusethe tharita¥ecrynpJny ho5 tsken atfvantJ¥eolthe exefflpri(m5
afforded bySÈÈt￿th 408 of the C4impaniesAct 2006.
Thesefinancial statements are prepared vnder thehistorical costcanventity).
The finan<ial staiemenrsare ptepared in Sterlin8￿￿￿ ￿the1unctionaI of the tharitawegrou
The finanoal Statements have been prepared in attordance wilh the Financial ftepuning Standard aFplb¢able in the UK
Ind Republic of Ireland IfA5 1021. Thecharirawe C¢waftyaRd It5 subsidiaries area public benefitgroup lor ihe
purpose5 01 FFi$ 102 and theveforethe Chafitya150 pre￿re￿ its financial ststemEnts In accordarKE ￿th the StatemÈnt
ol Recommended P¥actKe ap￿iCa￿et0 charfjliES preparing their •[iowts in accordaftiE **htheFinwcial Repurti
Standard applicab￿ In the UK and w¢epublic of Ireland (the FR5 102 CharIt￿S SORPI. rhe Compan￿5 Act 2W6 and the
Ch•rrf(ie5Act 2011_
bl Goint ¢•n¢•rn
The iru5teÈs have asseyed the yse of the gf*n8¢oncern basisisapwowate and havefonsidered pJ551ble
evertts or condi¢ionstha¢ misht cast svdnifvntdoubtofft the abilityof the charrtable 8roup to cr*)tyrsue as a goin8
concern. Theirustee5 have considered foretastsfor a pwod of at least oneyear from thÈ daieof apwoval of the
rinantial statem*nts t3kin8these steps ID to account On the bogs olihese projecEion5 and the reserves aYJiloble to the
charity. thetrUstee5h3￿ toncluded that there is a reaso1￿bIeÈxpe(fallOn that Ihe charita￿*sroup has adequate
re50Uf£eS to contynue in operat￿nal Exisrence for the f{￿eeat4￿ fvtu¥e. The ch￿table grL¥JPthereloretohtinue5to
adopt the g(xn8 Concern basis In pieparin8 its finantsal statements.
The K¥incip•laetOUtt¢ing prlioes a¢Jopted in theoreparatiw olthe fiTrawial ststementsareset
cl InctNnittg resour(es
All Income is rttogntsed in the ststement of finantial acrmties wthenthere ￿ eDtitlementtO the furlds. the receipt is
probable and thE èrnount COD be measvred leliabty. Where 4 daim 14wrepawwt of kicowe has tywill be made.
such Incorne 15 ¢ros5ed up fcrthe t•x rew￿rIble.
dl AlhxJtion of ¢osts
The thariW5 oper*ine costs stsff cost¥ tent and other related Cosrs. Suth costs are all￿ated beLweÈn the
charivs educaiional programes. a¢try￿e$l(￿raI￿nB fvnds. and mana¢erntritahé admin$tratlOD. costs are
alkicated a¢¢ordin8 tothe costs ol stall workiDK directy in ihe¥elevant team50ron the appropriate projects. Where
tosts are r￿t direttty attribLrtable tTrany Pfcieo Lwteam. t￿have1)eth appl￿A)ned accordi￿10 ¢heioralofall other
Costs relatin8 to each tearn or PTojeci.
el Cosis ol rai￿nE luTrwJs
The ￿51$ of raiynefur¥ds opre5Ent tAK*nditu￿In telatK)rt mernbErsand tffix4tants*4￿are dwectty enKaiEd
in fundra15ingand pu￿1($ty. and ihe rdated costs ofthefvndr•5iniaod pubhuty departmenL

KJ.. 7996s54￿ED4￿Bglw￿75IAEBAI
O&AO
NOTESTO THE FINANCLAI STATEMEPIts
AS AT 31 AUGUST Z022
f) CharitaNeexpenditvre
charitab￿ expenditure in¢hJde5al expEn¢Jituie dirttvy rdèted rothe c*Fcisof rhe rharty an41 ¢gmprise5".
Costsola(b¥iths ￿ fvrth•iaMeo1i￿ thxity'sobp(E5-cofflpwisw¥the costsofthe educational and profe55ioty¥I
awards pl￿raMme$ undertèkÈn by thetharityand is ror payab￿.
Suppvrt¢o#s. iepresenting Ihe staffin8aDd associated costsol 5Upp¢vti￿ mentorin8 and e¥ahJation ihe
Operat￿nal progtarnrnes for*thi¢h ihe Charity ￿lespOnsitIe.
Gty•*than¢*¢o#s-*thith are part ofswport¢osts revesenrin8 expeftditu￿ cffi8tyffnance1nfra￿rUQ¥re that albws
the ¢haiity io operare and to 8eneraieihe inforMat￿n requirEd fo* wblic accLwntablity. They indude the wategic
planning p¥ocesses that contribute to future deyelowient olthe tharity.
Fund arcouTrtl
The chafrty rnainiainsvèriLWS tyPEsof fvrnls as lollows-
Resirfrt¢¢ funds- repres*knn8 8rants. dr￿at￿n5 and swnsorship retyved whichare 5tspulated to be applied for
speufic prr4Ert5 by titherthe nature Dlthe fuDdrJisihgawbe¥ or they*Vsponsorship a8reemenL
Urtrostrirted lunds- rewÈsehtin8 lunds that are exPenda￿e aithe diKretion of the irusree5 in the lurtherance of the
object5 Df the tharity. &xh funds May be inorder to f￿an¢t both ¢•pital aThd capital Thestment.
hl Poftslon costs
The tharity operare5a defined contri￿tIon sthemeihai is opentoall ern￿0vee5. The thar1￿5 c￿trIbutIOnS 10 the
stherne ate charged to thesi•teTrent oflinanci•l ac¥¥*t￿sin the ￿ort0 *knich thry reL*e.
il IhtsnÉiblÈ fixed assets
IntJnRible fixed assets are st•tÈdat cost less amortisation. Amort￿r￿￿ on Intan81b￿ fixed assets is pYo￿ded atrares to
wrSte off the c05t orvahJJTron. ￿ e5tym*rd *esIdu4lvaK￿. r•th A%SEton a straight linetyasi5 LIVEY Its rxpeaed
SEfvl life as fcAIow5'.
SoltwareaDd website
3 year5Str•ght kne
11 ran8lblÈfixedassets
Tangl￿￿ fixed assets of a value ol £I.t￿and o¥Er are ¢apitaltsed. and arestsied at¢ostless accw￿￿ated deprocyat￿)n.
OepreciatKffi OD tan8iblefixed a55ets L5 provided at rate5 iowfiEe off the c05torvahJattrJn. less estimated residualvaluE,
of each a55et on a stra￿1 line basis Oyer its expetted usefL4 tsfe as fdlows".
Lea5thoW improvements
Cornputer Equiw7ent
Office e4ui(*nent
ovet 5 Ye¥$stra￿hI lint
ovtr 3 yearsstraight line
over 4 Yearsstraightline
At the end of each reporting per￿d. the Teydual value5and useful INes of a55etsafE revEwed and adjutted If
netESSary In addttw)n, Il events oi thange ￿ cii¢urhSt•rKes Ind￿alethat the¢arrying¥alue may not be recoverat4e then
the carryin8 value5 of tan8itrAE and irtsng1wet￿ed assets are wewed for Mryairrr*rt.
kl FiNn¢ial iA%tywn¢nis
l. Ctssh ondc05h equM71eftts
Cash and cash equwalentsinclude&ish atbanks In hand and shtrt termdep05itswith a rnJtuiityd8ts ofthree
months or less.
2. FinortooloSStts ondlwj￿lItre￿
8asic Finantial Instrumethis. asdefined tsyFR5102. are reccenised iniiiall¥atthLyrtrart5JCticn priceand subseqvent
at settlement valup. Financial a55et5 and 1otslstie5that ale tp¢eivabkor payawe in more than one yEar an¢ not
subiEa to a market r3Le of Interest are measured at the present ￿ue o11￿ eKpecLed fuiure ieceipt50r payment
diSCOUDied at a marketrate of inte¢e￿.

NOTESTOTHE FINANCIAL STATEMEiifs
AS AT 31 AUGiIST 2011
11 Leases
Assets obtaiMd under hire purthase contracts orfirta￿e ￿aseS arecaptslised ￿ the bal•¢e sheeL Th05t hd¢J Ur￿er
hire pur<hase <ontrarts aredeyeoated over theirestimatod Usef￿ lfves. Those held UndEr￿anCele?%es are
d¢pTeciated Over thex estimated USEful livesoff Ihe lease ierrn. thi(￿e$l$ the shortÈY.
The Interesi Èlemeniof these oblytions ￿ charKed tothe Staternentof Fironcial Act￿ltIEs OVEr the relevant period.
The upital elethent of the1utu￿vaVthertts i% treated as a ILability.
A￿tal$•I assets hdd undetoperntineloases are char8ed stai*m0Thtolfinan￿aI aCtitAt￿ in amounts o¥er
the *ase term.
rnl Irre(0￿r¥b1e VAT
Irrecovefawe VAT is ¢har8ed a8ainstthe tale81￿ of rÈswce5ewpendEd for whKh it was itltuired.
hl Ftye1￿ EIth•￿t
Tran5atbQilS in turret)ties other than Ptsund% *terfini are re¢orded at the r3tÈs of exthan8e Pr￿alling at thÈ dales of
Ihe tran5actw)n5. At eath reporting end date. monetary asset5 and Ikibilfbes Ihat are dentyYAnated in foreign (urrenops
are retran￿ared ai the rates prevailireon ihe rep￿ti￿ end date. Gains and1055es wi5ingon translation are included in
the si*eMentotfinarKrdl adNi¢*sfor the penod.
l ctitical atcOunt￿l esthh*Ès andareasof
In preparing finantial staternents rft is nÈtrssx¥to make tertainjudgemÈnts. estimate5 andassumptions that allect the
arnounts retognised In the financ4715tatemEnlS. The fd104￿￿1udstr￿eThts and estimates are Cons￿¥￿e￿ bythe trustees
to have most 54¥nffi&rynt effect on amovnt5 rec+JRrwsed in thefiThanU￿ statements.
TLTt)gible ondinLon9ibltossets
The annual depfeciaiiorb and amortisation charye fwfixg$4ssets ￿ sensitive ro changes in thtestimated useh
ontynK lives and regdual values ol the assets. The useful 8cot)0M￿ lives and re￿dUal value5 are rtrassessed annuallv.
They are amended when necessary ro refiett Cyrrent es¢imaie5, based on tÈthThJlo8ical a#¥•rttemeni. future
invèstments, economic Utilisation and the physical condrtion of the assets See note 18 and 19 lor the carwn8amount
Ithe property. ￿ant and equi￿￿¢ and ￿ttle1b1t¥S$tts.
LEGALSTATUS OFThE CHARirY
The Charity is a ccffjpany limrted byxuarantee aDd has no share camal. The rnembtrs ofthe tharrty arethetrusrees
listed on pa8e l. ln a¢(ordanCew￿th the me￿>￿m ol Assooaiicm). t4ery Membei ￿￿tribUte a surn of
EIS inihe event of the charty beinz¥4YJund up.
FIIIANCIALAcrivmESOFTHE C
The financhil aC¥Mties shown in the consd#lated siaterrieni includes those of O&AD and itswtholly owned trading
subydiary D&AD Tridine Limited. The subsidiary donates allof Its wofitsw the¢harity under Gift Aid. A summary of the
iradiDzfEsuttsof thE subsidiary is ai NL*e 20.

DLruS*n En¥thp10.. 7M5S4SC4E￿8￿￿o91&0ICC754AEpA1
NOTE5TOTHE F114ANCIALSTATEMEIITS
AS AT 31 AUGusf 2021
2021
4. GPAP4fsAND DOP4AnOF45
coronavir￿joh Retention Schewe Grant
175,254
175.254
S. TftAtMMG SU•YDIARY INCOME
Incornegwer4ted in ￿ADTradingitrnited
440.?20
343.563
343.563
6. INCOME FAOM (HWTAOiEACTMTlf5
Total
YeJrto 31 2022
Awards
Partnerships
Prole5$￿tta1 fI￿eN1￿ment
New 81ood
Total hicomefrom charitaWe artN1t￿$
4.93S.555
54.675
386.051
1.311.013
&687
4.935.555
$4.675
386.051
1,311.023
Y•arto 31 Awt1021
Awards
Partnerships
Professional L)Evelopmeni
New Blood
Total income ftorntharitable3ctMtses
4.493.233
4,493.233
197.933
692,131
S.423.297
388.501
586.434
692.131
5.811.798
?. INVESTMENT INCOME. IpnEREsfAND MER W4COME
Bank deposit interE5t
Rental income from SUb￿aSed prem
Other Incorne
305
7.69)
I6￿39
4.687
14.534
7.995
8. COSTOF RAisfiiG FVNOS
2022
2021
1.871.767
1.871.767
1.417.959
1.417.959

IIOTESTO THE FIN*J4aAL STATEMEPlfS
AS AT 31 AUr￿$T 2022
9. TRADWIG 5UP51DIARYC05TS
ljhrestrirtod Umestrirteit
2021
C05t5 inrurred by D&AD Trading Umited
151.074
ISI,OY4
108.399
108.399
10. COSTSOFAcn4rynES IPI FUThÉRANtE ￿ ThE CIIARfTfs OWECTIVES
Total
Yt•r 10 31 Awst 2022
Awards
Partnerships
Profes510nal [￿e10pment
New Blood
Total expenditure on thJritableathit
1.859.614
428.139
232.49s
761.240
281.4
J.859.614
428.139
367.764
761.240
3.416,757
135,269
115269
Yearto 31 Autust 21ni
Awèrds
PartnerS￿p$
Professional De¥tlopment
Ilew 84iod
Totsl expendiwre on charitèblE artpAtiES
1.929.747
472,331
313.184
411.6n
3.126.933
1.929.747
472.331
566,416
736,671
3,705.165
253.232
325.(tt)
578.232

D&AD
NOTESTOTHE FIIIANCIALsfATEMEpirs
ASAT31 AiIGUST2012
11.ANALY51S OFTOTAL RE%XIRCES EXPE14D
TWI
¢￿ts easts
Veavts 31 Auwst 20
Costsolattr¥rfé6•5 inf￿her￿V￿Q althe
chaiity'sabjttti¥*S
Awards
722.B5t
267.599
126,669
243.811
360.911
561.233
43.994
171.172
354.885
I.1￿.184
574.530
l16.546
69,923
162,543
913,542
1.859.6L4
41&139
7.764
761,240
1.416.757
Professional Development
New Blood
Cthev eyppndllur?
C05t of raisithg funds
Tiadingcosts
687.103
801.7
ISl.074
95>￿
381.904
1.871.767
151.074
1021¥1
687.IOJ
38iJ04
T•tsi
2M034
1.305.446
5.439.
Year w 31 Au8UStIOII
Casts of •etv¥rtles ih fvr¢kran¢e olthe
th•rfty's objerthrt5
Awards
Partnerships
Professional Oe¥elopment
Flew Wood
743,910
261.689
122.215
321.682
LU9.526
417.726
42.169
355.117
121.ln
936.18S
768.081
168.473
1,929.747
472.331
566.416
736.671
3.705.165
293.816
1.319A54
Othorexpenthtufe
Costof raisin8 funds
Trading costs
584.943
480.424
al￿,3￿)
518*23
3S2,592
1,417.959
108.399
1.526,351
352￿?
iOJ4.
L52Sml
1,672.046
5.231.523

D&AD
NOTESTO THE F114ANCIALSTATEMÉNTS
A5 A731 AUGVST2022
12. SVPPORTC05TS
Toial
Yèxtoji Auiust2022
Support
Staff antl idated costs
Depreciation
r supportcosts
Total supportwsts
2C*.IIXI
183,134
591.899
.133
208,10)
IB3,134
591,899
983,133
S3￿rIes and Chairman
Auditfees
Otherlegal and prokssirrfHI fee5
TVtsI￿vern1￿ce(g$ts
234,S76
26,313
61.414
322.ju
234.576
26,313
61,424
a22,JlJ
Tatal
L305.416
i.￿$.446
Yelrto 31 1021
Staff and r￿ated tosts
OepteciètiDn
Other support Cosrs
T￿31 511PPOrtcosts
182.058
361.361
554,431
i.iiwi
182.058
382.361
554.431
LIlB￿s1
Governance
Salar￿$ and Chairman
Audit fee5
Other leKal and profesyonal fees
Total io¥erna￿e£0Sts
31ffj.853
35.830
I￿.$12
54195
308.853
35.830
208.512
553.195
Tot
L67Z.046
L672.016
11. IIET OUTGOING RESOURCES
Net outgoin¥ reyoU¥￿$foftht year are Stated aftercharm.
Group
Chx
(harfty
2011
2021
Auditor5 femvnerat
I8￿31
37.806
26,313
35.830
Depreciation l amort15ètion'.
Owned assets (tan81￿e and intswe
ReDta15 under operating leases.. land
.trrtJildin8s
183.135
221,344
382,361
222.917
183,135
221.344
3B2.361
222.917

140TESTOTHE FINANCIAi STATEMEIITS
AS AT 31 AUGUST IWIZ
14. Af4ALYSIS OF STAFF COSTS
Stsff ¢Mis ¢vmwst:
2022
iozi
WaÉes 5aLiries
s￿al secuthty Costs
Pension ccsts
Recruitment and training
Redundarryand terminaiion payments
Total st•ff costs
2.017,IZY
13L.492
19&280
19.637
33.810
2.510,341
1074,661
21?,404
IY7,873
ID.402
4.832
2.505.171
The number afemplryEes whose emolumehts Isa14n￿and benefits ￿ kindl ex￿￿th￿ pensiws fel wthin the ffjlh)￿
bands wa5..
E60,(kll- £70.(KAI
E70.001- E80.rm
£80.001- £90.rMIo
E90.QOI- ÉIOO,OLX)
ELIO.LXJL- £IIO.LKNJ
£L40.LKI1- £ISO,LKKI
%knere noemployee falls intoa $8tsrybandingabove. this b*thnEhas been ￿tI￿Jed.
The number of ompkne5earniw mrKethan tfilmlts7Athom pvfiion ¢￿trIbuti￿rISha￿beeTr Paid iNthÈ year is 6
I2￿1. 61. The totsl tontributK>nS pa*1 bythe tharitydurine the yeai forempWesearnin8 more thakn £60,(>X)
wa5É62.39812021.. £107.6691
IS. STAFF NUMBERS
The a¥era8e of employees wKludin8 tempLYaryand 5hort4erm c￿tr￿1 Staff ￿atysed by lunction was..
2022
2021
Charitatrde activ￿5
IKomegeneration
Adminisiraiitsn and support
33
13
16.TRUSTEE5 ANO KEY MANAGEMEIIT PE1150FIMEL
riby the year £nil was paK1 to trv51tesin tespertof ex￿￿$t$ incurred on behalf of the thar￿130?1.. £nill
The Chaiitypurtha5ed trusteÈ irtdemnrty insuranttcostry £776120ZI." £L6111ts pr4xe¢tthethartyfrom ioss
from negleciordefauk of itsifu5tees and employees.
Key mana8ernent PErsonnel include IheTrvsteÈs. ChdÉxe(tikn¥e. and Senior stsff repothn8 directlyto the Chief
Executi¥e. The total emplDyee beneftts cfthe kevmanagement personndwete £719.026 IZ021." (685.5651

DwJSgn En¥eW1tr. TW5y4￿e04BBS89￿DI(c75u￿B￿l
NOTES TOTHE FINAF4CL4L STATEMEPITS
ASAT 31 AUGUST IOIZ
17. TAX4TIOPI
The ccmpany is a rrfi5tEfEd thar¢¥and no pr¢J￿$￿￿ is con>dered neccssary for taxatKJn ès the tharity is exemw from
tax on its (harltable income and tothe extent that it iSapp1￿ tothaFitable pvrp05es.
IB. INTANGIBLE FIXEDA55EV5.GAtyJPAIIO CIIARtTY
Web51te ar
As at iSeptember2021
Additions
Disposals
Asat31 Ai¥115t2011
373.003
3Y3,th)3
AMorti￿li0
As at I septeM￿r 2011
ChaiRe forthe year
Eliminaied on d15posal
As at 31 A￿￿51 1022
333,812
26.615
360,427
Nei bookvah
A5at 31 AuEuSi 2022
As at 31 Au8USt 2021
12.576
39,191
19.TM4fjIBLE FIXEO A55EfS. r￿0UP AND CHARITY
Toial
As ai 1 5epternber 2021
Addilh?ns
Disp05als
A5 at 31 *v8U$12021
1,111.715
488.727
34.035
1,611.442
34.035
1.122.715
511.762
L645.477
Depreclatlon
A% at i September 2021
Charge f¢r the year
Elirninated OD disposal
As•t 31 Au•ust2022
944.945
136.193
466.045
20.327
L410,990
156,530
ImJ.138
486372
LS67SJO
Net book ¥aluo
As at 31 AuÉvst2022
A5 at 31 Au8USt2021
41,S77.
177.770
36,390
11,682
77,967
200,452

O&AD
IIOTES TOTNE FIlIANc￿sTATEMÉ14TS
ASAT 31 AUGVSTZ022
20. INVESTMENTS IN SU85IDIARIES
The thafty has an iiwestment in ihefolh7**n8 subsidiary undertJkin85".
%*￿In*￿shiP
D&AD TiaéinÉ Lwtsite
D&AD Limitod
64 ChÈshire5tree¢ ithidon E2 GEH 7radin8
Ate 1201. Tower 2. The GatÈw3V,
Non-tradin8
2S Canton Road.T5irnshatsLA.
K+y*loM. Hon¥ KoD8
franklurt Kurnit Kle￿ and Selz. P.C.
488 Avenue. NY ICK)22.
USA
D&AD Inc.
2022
2021
C05tat rhe be8innln8and end of ihe year
AD Umited Won8 Kon8 and OPAAP USAlrt¢ ha¥e beeNex¢Wed fvom consoh"d*KM for the feason thev are dorrnant nm-
tradiDE organisatiws and have nu mater￿1 elferton the 5u¢plus or assets ofthe st(￿￿.
The rtnancial ih the ¢wsolwJèted statemeht indudes D&AO and rts wF¥)l* 0￿ed trading
sUb￿diary D&ADTrading Limited. The sub5vJi¥ry donaTrs all of its profits 10t￿ thirrtyundtrGrft A¥J. AsumrThary ofthe
tradSn8 results is shown below.
2021
Profft & L055Ac(ount
Turnovef
Cosi olsales
Gross profit
Administraiion ewenses
Pfofft on ovdlwryacit¥ltl
440.720
1147.9881
292.732
{4.5861
188.146
343.563
106.45BI
237.105
13.4411
233.664
8al4ntE shert
Current assets
Creditut5.' am(xJnt5fallin8 due ￿thirt Trie
Total net assets
295.840
12.7301
293,110
243.298
14.6701
238.628
Called up 5harewiial
Retained profit
292.110
293.110
237.618
2a8.628

O&AD
PIOTESTOThE F114NJ4CN STATEMENTS
ASAT31 AUGUST2022
Gn
Grow¥
20
Chartty
2021
2022
21. DEBTORS
Tradp debtQffS
OthEr debtors
Prepayments and acrrued income
607.756
123.469
27A576
1.O)7.801
262.812
39.670
433.381
735,863
607.756
123.469
176.576
1.007.801
162,812
39,670
433,381
735,863
22. CRECMTOIIS
Trade ¢ieditors
Othe¥ creditors
Taxation and social securitv
Accrued ewenses
Oeferred intome
Owed to sub￿lary undÈrtakin8S
337.ID4
59.452
76.742
391.625
937.499
124.719
$5.840
Sl.638
555.542
670.313
337.llx
59,452
7B.742
388.895
791.069
431.so
2.086.771
124.719
55,840
51.63B
550.872
670.313
133.174
1.686,556
1.804.422
L458.052

D&AD
14OTESTO THE FINAtIClAL 5TATEMf14TS
AS AT 31 AUGUST 2022
23. A14ILYSISOF CHARITABLE FUNOS
ANIy5is of unrestrictedlund
e•l•Ke hKomE Expendittsrt Tvanslwt• Bal*ntE
01-Sep
and
ie5trirteé
31-A
2011
lunds
2022
General fund
4.116.147
7.152,558
5,304,329)
5,964.376
hK•mt Expendiiure Ttstysltr to ￿lante
ths Jnd rethrted
31-AuÉ
losses
fvnds
2021
oi.sep
2020
General fund
2.819.329
5.950.109 14.653.291
4.116.147
Uwestritted funds Tealised bythesubsidiarycomwy ar#1 inc1￿￿ed in the above amounts_" £nil12021". £nil
knaly￿saI rewtrtdfvThd rThMmerrts
Inwmt
Tnrtsfer
Eeheral
funds
01-Sep
ioii
Jl-Aue
2021
EU Brid8in¥ Ihe Creatryity Gap
135.269
135.269
1135.2691
135.269
Palance
01-Sep
20
ExpEndllUff Trn￿er èalan¢e
general
31-Au¢
fuThds
2011
New Blood proetamme
EU Brklging the C¥eativity Gap
325.1
1325.ry)01
1153.2321
1578.2321
388.501
388.501
135.269
135.269
325.r*JJ
Incomefor resirittEd fvr¥Jsori8inates frtsn SFO)risorship8rantS Ly don4tK)nstoa partitular project or evert and are
expensed as requirtd. with unspefit c3rT*d ILWward to be used future expenditure.
Restrirted futyds rewe5trt:
NewBloodJWOgromme
EU bridging the Creotivjty Gup
Funds aNocated tothe 5tudertt awirds PTogramffle
Fundin8 to add¥e55 the 8ap between the chaTr8in8 need5 of the creatiwe sector
a8ain5tthe 3?￿l￿1itY ol a hi8hty s￿Iled w(*kforce at EU level.

Oxusgn En¥dryelD.. 79965YSC4E(H889891￿7s¢￿BAI
NOTESTO TTrIE FINAf4ciALSTATEMEIéTS
A5 AT 31 AUGUST 201Z
24.ANAL15bS OF GROVPMET A55ETSBETWEfPI FIJI￿5
T•t•l
As at31 Au8ust Z021
Fixed •Mets
Intangl￿t assers
Tahgiwe assttsfar use tythe charity
Investmentin sk￿$1￿1ary
12.576
77.%7
12.576
77.967
Debtors
Cash 3t bankand in hand
Cutstnt li3bilit*S
Lotyterm l&bllhies
l.¢J)7.801
&6?0.454
Ilml.4221
I,￿?.801
6,670.454
IL804.4221
5.964,376
5.964,376
A5 •t31 2021
Fil￿ assets
Intan8ible asset5
ran8ible as5et5for useb¥the thwity
Investrnent in subsidi
Current assets
Debtors
Cash at bank and in h4ffld
Current16ab116tles
Lon8term Ilthljti?5
39.191
2C().452
39.191
2LX).452
735,863
4.598.693
11.458.OS21
735.863
4,733,962
11,458,05Z
135,269
4.116.147
135.269
4.251.416
15. OPE1￿TIMfj LEASE COIMIITMEpirs
A5at the rep￿ing￿ate,the group hadoutst4ndiDecomrnitfflemsforfuture rninifflum lease pawnents under non-
cartctllab￿ operatin8 leases, whith lal OL￿$ as lalhx¥s."
harityand
Group
22
Char6tyand
6roup
2021
Withln one year
Be￿eeTI1wo and fNe¥ears
Withln S+ years
IZ5,
1,3?S.Lry)
187,50)
I.C6L%NJ
1.250.OC#)
16. PENSIO￿ AIID IThERPW.REThEMEIITeEPIEFif CQMMITPAEIITS
The Charitable Group opeiaie5a defined ¢wtrI￿tIon sch￿￿￿1£h i5adm¢nistued ifidependent￿ vf the Grwp. The
osttothe Group for thE yta¢was £166.23112021." (279.4491. At the Balantesheet datE. the afftouDt due to the
pen%Dn scheme adm¢nisirator5 was £16.03012021.. É55.84DI. The expected 105t to the charity In tht comingyear, rfal
staff tske up iheif PEn510n Omion. Isappro￿mat￿¥ £216.￿[20?1.. E160.￿)￿.

D&AD
NOTESTO THE FINA14CLALSTATEMEIIIS
AS AT31 ALIGUST1022
27. AELATEO PAAfYTi411&4rn(bNS
Dur￿£ theyearihe fdlowin8related party v•nsactionswEfe (￿r￿d 0￿..
Sales 01£3.37012011." £2201 were rthade to Pentayarn Lhmited where Narwh Ilamthandani ¢5 a diretlor. Naresh
is •150 a dirECtor of O&AO.
Sales of £152.57412021.. £irr4.8991 and purthawaf£440.72012021_ £343.S631 we*t madeto DUD Trading bmitÈd.
oll¥ owfied subsidiaryol D&AD. At ihe balance SI￿etdate therewa5ary arrK)unt owed tolhE sub5idi•ry of £285,079
12021.. £233.1741-
Na arnounts aro outstsThdin8 in respectof ihese traThsxtion5and no amounrs hèvebeen tAYillen oll Dr provhled for i
rekbon ta ihese balances dulingtheyeir.
28. ULTIIJATE CONTRQLUMG PARTY
The charitable company is underthecontrd of its mEmi•s. No onernErnbErhassulficient VOTIDg riÈhts ¢u contrd the
chantsble Company.