At Work: Finance and IT - The numbers - Dyslexia Action

Patrick McCurry

Dyslexia Action, formerly known as the Dyslexia Institute, provides services and support for people with dyslexia and literacy difficulties.

Total income: £8.3m for the year ending 31 August 2005, up from £7.3m in 2004.

Highest salary: One employee was paid between £50,000 and £60,000.

Reserves policy: Surplus unrestricted funds, including those from the charity's merger with Hornsby International Dyslexia Centre, stood at £936,000 at the end of the last financial year. Part of this fund was earmarked for a rebranding of the merged organisation and integrating the charity's management information systems.

Fundraising costs: The charity spent £141,000 on fundraising and its voluntary income was £1.3m, giving it a fundraising ratio of 11p in the pound. The previous year, the ratio was 13p in the pound.

How performance is communicated: The website, www.dyslexiaaction.org.uk, has a good, intelligible description of the charity, how it works and how it is funded, although there is little on its actual performance. It does highlight the charity's inclusion in the Sunday Times Top 100 Companies to Work For list, however.

The trustees' report and accounts, which is available online, gives more information on the charity's activities and performance, and includes a detailed presentation of financial performance.

The charity says: "In July last year, we merged with the Hornsby International Dyslexia Centre, a dyslexia training organisation with a similar mission to ours. Income for the charity increased by 15 per cent because of the development of new sources of fee income through our outreach strategy, gaining national consultancy contracts and the merger.

"Teaching, both at our centres and in schools, remains the main source of income, contributing 53 per cent of funds. Other income comes from activities such as carrying out psychological assessments. Fundraising voluntary income has also become increasingly important."

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