Charity Registration No. 1093732 Company Registration No. 04279266 IEngland and Wales) TALKBACK-UK LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
TALKBACK-UK LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ms L Hughes Ms K Joslin Mr M Togsverd Ms M Coll8rd Mr M Spatkes Ms C Daniels IAppoinled 1 April 20211 IAppoinled 8 November 20211 IAppoinled 7 February 20221 Secretary MrJHay Charty number 1093732 Company number 04279266 Registered office Amersham Community Centre Chillern Avenue Amersham Buckinghamshire United Kingdom HP6 SAH Audltor A2els Audit Setvices Suites B & D Burnham Yard Beaconsfield Bucks HP9 2JH
TALKBACK-UK LIMITED CONTENTS Page Chaiman's statement Trustees. report Statement of trustees. responsibilities Independent auditor's report 10-13 Slalemenl of financial activities 14 Balan sheet Statement of cash flows 16 Notes to the financial statements 17-30
TALKBACK-UK LIMITED CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2021 Vvelcome to the Annual Financial Report for the year lo 30th September 2021. It is only right lo start with a tribute to our fotmer Chair, Janice Campbell, who sadly died this year. She served the charity as a trustee and as Chair for over 19 years and made a huge difference lo so many lives. We hold her family in our thoughts and are so grateful for the time, expertise, and effort she has given Talkback. Every financial report in the UK mentions the pandemic. We now see this as the way il is and, yet again, we saw many positives from a hard situation. For many of our members being isolated and unable to gel around is a way of life. So perhaps the pandemic helped us see the world a bil more through their eyes. Key for us is maintaining personal contact with our members, digital or by telephone, and this has been excellently handled by all our staff. We are grateful for their continuing creativity, patience, and engagement with all our members. None of this could have been achieved wilhoul the continuing support of our existing funders as well as some welcome new funding to meet additional Costs and develop new ways of working. We greatly appreciate the support we hsve ceiVed this year. As we go into the new financial year we continue lo adapt our ways of working. We a using what people have told us, plus our learning frorn this period, lo develop what we do, with the aim of ensuring our long-lerm capability lo meet the needs of people with learning disability and autistic people. Jeremy Hay CEO Dated." 23 May 2022
TALKBACK-UK LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2021 The Trustees, who are also directors of the charity foi the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the 12 months ended 30 September 2021. The Trustees comply with the Charity's Conslilulion, the Companies Act 2006 and Reporting by Charities.. Slalemenl of Recommended Practice applicable in the UK and Republic of Ireland IFRS 102 lupdale bulletin 211. The financial slalemenls have been prepared in accordance with the accounting policies sel out in note lo the financial slalemenls and comply with the charity's governing document, the Companies Act 2006 and 'Accounling and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accoun15 in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" Objectives and activities The charity's objectives and principal activities S.. To provide opportunities for people with a learning disability andlor autism to speak up and have their say on local services and community life and enable them to obtain their full rights and privileges as citizens through embedding the skills of self-advo¢a¢y. These are achieved by.. supporting and developing self-advocacy skills, providing opportunities for people lo engage meaningfully and participate, feeding into the planning, development, and delivery of services. training and consultstion with a range of professionals and agencies, the wider community, and families lo educate and raise awareness, lo increase the quality of life experien by people with a learning disability andlor autism, plus other disability groups. providing education support and personal development services as well as life skills and employment SUPF)Ort. Talkback - Our Passion Our overwhelming passion and drive is to see the slogan 'Developing a World of Possibilities" lived out in the lives of all our members. We positively look al each person uniquely, never assuming, always listening, and forever exploring possibilities. Our Annual Impact Review is full of great stories and is available on our website. Our vlslon 'To help autistic people and people with a learning disability embrace new opportunities, lead the fulfilling lives they want and actively ¢ontribule lo their ¢ommunity." The Trustees confirm that they have referred to thè guidance contained in the Charities Commission general guidance on public benefit when reviewing the organisalion's aims and objectives and are confident that Talkback is complying in this area. We also follow the Code of Practice on Fundraising and are audited by Ofsled, Bucks County Council, and the Bucks College Group amongst others for the quality of our work as well as having our own monthly observations and those annually done by experts by experience- a trained group of people with lived experience who look at our services as part of our quality improvement.
TALKBACK-UK LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 Achievements and perfomiance Our Programmas: Equip for Learning.. The Equip Education Programme continues lo deliver exciting and innovative life skills sessions for young people aged 16-25 with a leaming disability and autistic individuals. We work closely with the colleges. and they have been exemplary in the way they have dealt with the crisis that 2020-1 presented. Our thanks go lo the management and staff of Bucks College Group and BCA for the way they have supported us and all our members. Our results this year have included.. CommunitylColleg• Running our first SummerActivilies programme lo help young people successfully make the transition from school lo college, ensuring they can cope with the first term and redu the possibility of dropping out. 67 students completed the academic year in July 2021 40 students returned in September 2021 37 new students joined in September 2021 Equip Currently run 19 community groups across the week Transitions to Work We doubled the number of work experience employers to six. We are most grateful to them for the 2S + students who have weekly experien of work. Creation of a new Talkback work experience at in 'The Accessible Workshop. in Aylesbury. The woodwork group now has 22 members weekly and is producing great results.
TALKBACK-UK LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 Adult Services - Personal Development and Skills for Life- Our member base continues lo grow and the 2020-21 period saw many exciting developments. We started 3 new work experien groups and have 18 members accessing work experience opportunities through Aolull Services.. Lady Ryder Memorial Garden in Frielh. Garden Project started on 29th July 2021. 11 people ae$S this opportunity Healthy Living Centre Aylesbury. Roles include working in the reption and shop. Started 8th September 2021. 4 people a¢sS this opportunity All Saints Church, High Wycombe. Assisting in running Coffee Shop. Stsrted 7th September 2021. 3 people access this opportunity We are extremely grateful to those three organisations who have embraced us with open arms. Personal Development and Skils gained 17 new members over the period, reflecting the quality of our services. Sports Academy IPDS STATS) The Talkback Sports Academy has been a driving For behind the hugely successful Virtual Dan and Wake Up Shake Up Sessions and YouTube channel which has had over 12,000 visits. We have an aim of providing new inclusive fun experiences and the opportunity lo learn new skills. We have introduced netball alongside our much-loved badminton and 12 other sports. We are so grateful to the financial supporters and the exlIent coaches like Alislair Jones al Wycombe Badminton Centre who have been inspirational. Employablllty - Transltlons to Work We are revolulionising our approach in providing support into volunteer opportunities. work experience and full-lime employment. We want lo give every person with autism or a learning disability the same opportunities as everyone else. We will work with every member to understand what they want lo do and help them achieve their realistic aims. Our SucsS rale is more than double the national average, based on the support we give each person as they sellle into their jobs. Bulldlng Better Opportunltles IBBOI- Support Into Employment This project brings together funding from the Big Lottery Fund and the European Social Fund IESFI to help tackle the povety and social exclusion faced by the most disadvantsoed people in England. Since 2017, we have eng8ged with 50 people with a learning disability andlor autism throughout Milton Keynes and Aylesbury in supporting them to move a slep closer lo employment. We are achieving employment rates, even in these unique times, of 25Q/o against the national average of 69k. We continue our proactive working relationship with the DVVP and are part of a consortium of providers in Milton Keynes who work together in sharing best practice, sharing employer leads, participant engagement and referrals. We are grateful for all the support.
TALKBACK-UK LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 Supported Employment- The Supported Employment project is a result of what people with 3 learning disability andlor autism have told us they need. The aim of Supported Employment is lo work closely with members in supporting them into successful. meaningfLJI. paid employment of their choice. We want people with a learning disability andlor autism lo feel valued and respected in the workplace. This is achieved by providing both the individual and the employer with realistic and ongoing support mechanisms within the workplace. We currently have.. 7 participants in paid employment and 10 undertaking work experience placements. 4 new people joined us for supported employment in last quarter. We have 3 participants volunteering with the gardening team at Cliveden National Trust. We hope opportunities may arise in their new café when il opens in Easter 2022. We would like to replicate this 'small group sel up al other NT properties, such as Waddesdon and Hughenden. We developed a closer working relationship with Aylesbury DVVP, which enabled us lo refer Supported Employment participants onlo the government Kickslart scheme. This has resulted in one of our participants gaining a full-lime paid job with a local furniture company. We strive to achieve choice, opportunity, independence, and respect for all people with a learning disability andlor autism. Your Voice- Our Professional Service8- Talkback reaches people throughout Buckinghamshire, Milton Keynes and Berkshire and is also working nationally on issues. We are engaging in work with various Councils lo help them build new and lasting solutions lo problems that have been around for too long. The intent, from many parties, has always been lo fix these issues and our focus is lo help other organisalions embed beller ways of seeing the worfd through the eyes of people with learning disability andl or autism and making reasonable adjustments lo make sure there is no exclusion. In Reading, our work supports people with autism lo overcome loneliness and isolation by offering a community "Drop In" Servi and outreach programme which has doubled in size. We also run a programme lo support people with learning disability and mental health needs to support and promote wellbeing, self- advocacy, and social inclusion," this includes a self-advocacy programme within Campion Unit Ispecialisl hospilall. In Milton Keynes, we continue to support people with a leaming disability andlor autism and provide a community advocacy setvice. We also coordinate and facilitate the new People's Partnership Board- the two we had before Covid restrictions attracting over 80 people. In Buckinghamshire we launched an advisory service as well as other °come and meet each otherf, groups around healthy living and relationships. Our work continues to thrive, with our team actively supporting people to grow in Confiden and self-esleem and lead a more independent life. Talkback is an active member of Slaying Healthy and Safeguarding Boards and involved in the range of the Preparing forAdullhood work groups. Safeguarding and Quality All our staff have been trained on Safeguarding, FGM, Prevent and Suicide First Aid. Our specialist training programmes include staff trained on Child Exploitation and Online Protection Awareness, and staff Trained by Terence Higgins Trust on Sex, Relationships and Gender. We maintained our OLJtstanding grade from Bucks County Council for our systems and processes around college provision and development of staff.
TALKBACK-UK LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 In Buckinghamshire we have launched an advisory service as well as other come and meet each other groups around healthy living and relationships. Our work continues lo thrive, with our team actively supporting people to grow in confidence and self-esleem and lead a more independent life. Talkback is an active member of Slaying Healthy and Safeguarding Boards and involved in the range of the Preparing forAdullhood work groups. Financial review These accounts are the second Sin the year end date was moved to September 30th from March 31st to improve phasing of financial plans. Talkback's plans for the 12 months lo 30th September 2021 built on the excellent previous 12 months and continued the live year plan lo build a resilient, sustainable and innovative organisation. The focus on effective Cost control, particularly of overheads, was maintsined. The charity operated normally, either face to face or virtually, following the government and local authority guidelines. Financial performance tracked slightly above plan, due to an increase in member numbers in our Personal Development and Skills for Adult Services. This rise comes from 3 years of hard work lo design and deliver our high quality and highly-regarded services. Some costs were lower than planned due to the stop-gap delivery of ServIS online or by phone and from coronavirus-related government rebates and grants. Additional short-lerm venue rentsl costs in the past 12 months, needed for the covid safety of our members, were closely monitored and adjusted. The Finance Committee and Board of Trustees maintained oversight of Talkback's finances and satisfied themselves il continues lo operate efficiently and effectively. balancing the immediate need lo deliver services and support to ils members with due regard lo the longer-lerm financial health of the charity. Azets undertook their first audit of our accounts last year. They gave us an unqualified opinion and provided useful feedback in their report to management. We are grateful for their professional help in moving us forward. We would like to lake this opportunity to thank our principal funders during this period. We are grateful for the support of each of the Councils and Commissioners. They are under continual pressure lo deliver more with less and continue to make a positive impact which is often not recognised. They are.. Bu¢kinghamshire County Counal Milton Keynes Council Reading Borough Council NHS Partnership Development Fund, Berkshire West Clinical Commissioning Group National Lottery & European Social Fund IESFI Trusts including Rolhschilols, Bally Thomas Partnership work with some key partners around the area of Domestic Abuse and Sexual violènce including AVMKSAASS and Women'sAid We received additional funding through one-off pleS of work, donations, and training. We would also like lo thank Ameisham & District Community Association, MPLC Ltd, Mencap, Amersham Rotary Club, Findlay Park Investments, and several groups and parents for their continued support.
TALKBACK-UK LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 Reserves Policy In line with the SORP developed by the Charity Commission, our Trustees ensure reserves are set aside for our long-term financial viability. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent lo betreen three and six month's expenditure. The trustees considers that reserves al this level will ensure that, in the event of a significant drop in ftjnding. they will be able lo continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throLJghout the year. To address the uncertainly in funding streams, the social care sector, property requirements and workpla pension scheme, the Trustees feel a general fund reserve of no less than £150k should be maintained al all times to cover between 15 and 75 days essential expenditure, This excludes rent as this is covered by a separate building reserve, as Is the pension commitment. Risk Management: The risks for the organisalion are regularly reviewed by the Board, Chief Executive, Finance and Business Managers and include Strategy, Governance, Operations, Stsff, Organisational Culture and Finance. There is an updated risk register which is reviewed quarterly and there is an ongoing plan for the risks to be reduced or eliminated. The Trustees ensure that there are sel policies. procedures, and insurances in pla to miligale risks. The Finan subcommillee carries responsibility on behalf of, and reports lo, the Board regarding the management and review of financial risk. Structure. governance and management The Charity is controlled by ils governing document, a deed of Irusl, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The Iruslees, who are also the directors for the purpose of company law, and who served during the year and up to the dale of signature of the fi'nancial statements were.. Ms J Campbell Ms L Hughes Ms K Joslin Mr M Togsverd Ms M Collard Mr M Sparkes Ms C Daniels (Deceased 23 August 20211 (Appointed 1 April 20211 IAppoinled 8 November 20211 (Appointed 7 February 20221
TALKBACK-UK LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 In aGcordance with the thcles ofAssociation. the management of the Ghafity is carried out by a Management Comfflittee of volunlgry directors, who are also Trustees. They are appointed in aGcordanGe wf(h the Artides of Asso¢iation_ Talkback is also a Company Limited by Guarantee. Recruilmenl Is by personal approachlnomin8tion. adVeSement and by using specialist rgcnjitment servicas for the voluntary sector. Talkback's induction programme Intru¢e$ newlpotenlial trustees lo the Talkback Team and lo the different activities of the organisab'on. As an organisation for and with people with 8 leaming distibilTly. involvefflenl in the activities is essenlial to truly understanding the organisalion. ils direction and development and give5 ongoing opportunity lo work alongside people with o le(Iinillg disability. This indud85 bging fully involved with the Management Groups. l Trustees completa an application fom and providè a ftkll CV. Before appointment they attend a Board meeting 35 Bn observer 8nd attend a Management Group meeting wh8r8 th8y arè Invit to diseuss th8Ér inteiest in the role and the organisalion including how Ihcy would like to be involved. Before appointing new TTu5tees, the Board undertakes a review of current and requir8d skills to r8main relevant and idents.fy new requirements in resw>nse lo any development areas and new opportunrties. The skills audit, job des¢riptTrons and person specification are updated to refieGt this. Organisational struthrE and how decision5 are made: The Trustees delegate the day-ttrday runnin9 of the organisation to the Ch1 Executive, Jeremy'Jay° Hay. Thè hAanagern1 Committee is responsible for taking decisions in the areas 01 9ove¥nan(*, slrale9lC planning, )Inancial and risk management. A subcommitta& covèrs financé. Each Talkback loGqlty has its own man2ment Group (people with a learning disability or autistic people) to 8Ct 8S 8 lead on the development and difection ofTalkback. The Iruslees, report was approved by the Board of Trustees. Trustee Datèd.. 23 M8y 2022
TALKBACK-UK LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021 The Iruslees, who are also the directors of Talkb8ck-UK Limited for the purpose of company 18W, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards Iuniled Kingdom Generally Accepted Accounting Praclicel. Company Law requires the trustees to prepare financial statements for each financial year which give a IrLJe and fair view of the stale of aff8irs of the charity and of the incoming resources and application of SOurCes, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Iruslee5 are required lo". select suitsble accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial statements.. and prepare the financial slalemenls on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other IrrularItie$.
TALKBACK-UK LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF TALKBACK-UK LIMITED Opinion We have audited the financial statements of Talkback-UK Limited (the 'charily'l for the year ended 30 September 2021 which comprise the slalement of financial activities, the balance sheet, the slalemenl of cash flows and the notes lo the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicabl& in Ihg UK and Republic of Ireland Iuniled Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the slate of the charitable company's affairs as at 30 September 2021 and of its incoming reSoUrS and appli¢alion of resources, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordan with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordan with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those stsndards are further described in the AudiloPs r8sponsibililies for the audit of the financial slalemenls section of our report. We are independent of the charity in accordan with the ethical requirements that are relevant to our aLJdit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial slalemenls is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relating to events or conditions Ihst, individually or collectively, may cast significant doubl on the charity's ability lo continue as a going conrn for a period of at least e1ve months from when the financial slalemenls are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concem are described in the relevant sections of this report. other infomiation The other information wmprises the information included in the annual report other than the financial ststements and our auditor's report Ihereon. The Iruslees are responsible for the other infomalion Contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance Conclusion thereon. Our responsibility is lo read the other infomation and, in doing so, consider whether the other Information Is materially inconsistent with the financial slalemenls or our knowledge obtained in the Course of the audit, or otherwise appears lo be materially misstated. If we identify such material incon5151encies or apparent material misstalement5, we are required to determine whether this gives rise lo a material misstatement in the financial ststements themselves. If, based on the work we have perfomed, we conclude that there is a material misslalemenl of this other information, we are required lo report that fact. We have nothing lo report in this regard. 10-
TALKBACK-UK LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF TALKBACK-UK LIMITED Matters on which we are required to report by exception We have nothing lo report in respect of the following mallers in rel81ion to which the Charities (Accounts and Reports) Regulations 2008 require us lo report lo you if. in our opinion.. the Information given in the financial statements is inconsistent in any material respect with the trustees, report.. or sufficient accounting records have not been kept.. or the financial statements are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit. Respon8ibilitie8 of tru8tee8 As explained rn0 fully in the ststemenl of Iruslees, responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the trustees determine is necessary lo enable the preparation of financial ststemenls that are free from material misstatement, whether due to fraud or error. In preparing the financial statements. the trustees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but lo do so. Audilorf$ rg$pon$ibilitlo$ for lh* audit of tho financial statgmonts We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain reasonable assuran about whether the financial slalemenls as a whole are free from material misslalemenl, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misslalement when il exists. Misstatements can arise from fraud or error and are Considered material if, individually or in the aggregate. they could reasonably be expected lo influence the economic decisions of users tsken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council's website al.. https'.11 www.frc.org.uklaudilorsresponsibilib.es. This description fom)s part of our auditor's report.
TALKBACK-UK LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF TALKBACK-UK LIMITED Extent to which the audit was considered capable of detecting irregularities, including fraud Irregularities. including fraud, are instances of non-¢omplian¢e with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, lo detect material misslalemenls In respect of irregularities, including fraud. We obtain and update our understanding of the enlily, ils activities, ils control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive lo those risks, and obtsin audit evidence that is sufficient and appropriate lo provide a basis for our opinion. This includes consideration of the risk of acts by the enlily that were contrary lo applicable laws and regulations, including fraud. In response lo the risk of irregularities and non•compl1an with laws and regulations, including fraud, we designed procedures which included.. Enquiry of management and those charged with governance around actual and potential liligalion and claims as well as actual, suspected and alleged fraud", Reviewing minutes of meetings of those charged with governance., Assessing the extent of Complian with the laws and regulations wnsidered to have a dired material effect on the financial slalemenls or the operations of the enlily through enquiry and inspection", Reviewing financial slalement disclosures and testing lo supporting documentation lo assess mpliance with applicable laws and regulations., Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjuslmenls for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting eslimales for indicators of potential bias. Because of the inherent limit81ions of an audit, there is 8 risk that we will not detect all irregularities, including those leading to a material misstatement In the financial statements or non-compliance with regulation. This risk increases the more that Complian with a law or regulation is removed from the events and transactions reflected in the financial slalemenls, as we will be less likely lo become aware of instances of non- compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresenlalions, or the override of intemal control. 12-
TALKBACK-UK LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF TALKBACK-UK LIMITED Use of our report This report is made solely lo the charity's Iruslees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charity's ttuslees those mallers we are required lo stale to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's Iruslees as 8 body, for our audit work, for this report, or for the opinions we have fomed. Christopher Nisbet BAIHonsl FCA (Senior Statutory Auditor) for and on behalf of Azet8 Audit Services 27.05.2022 Chartered Accountants Statutory Auditor Suites B & D Burnham Yard Beaconsfield Bucks HP9 2JH Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006. 13-
TALKBACK-UK LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2021 Unrestricted Restricted funds funds 2021 2021 Total Unrestricted Restricted funds funds 2020 2020 Total 2021 2020 Notes wm Donations and legacies Charitable activities Investments Other income 9,992 1,844,052 36 28,033 7,179 17,171 2,360 135,250 1,979,302 1,723,712 38 20 28,033 83,995 25 218,907 90 2,385 1,942,619 110 83,995 Total income 1,882,113 142,431 2,024,544 1,810,087 219,022 2,029,109 enditure on-. Charitable activities 1,616,480 214,236 1,830,716 1,496,718 296,690 1,793,408 Net incomingl loutgoingl re$ourcgs before transfer8 265,633 171,8051 193,828 313,369 177,6681 235,701 Gross transfers belween funds 192,6181 92,618 1107.7881 107,788 Net income for the yearl Net movement in funds 173,015 20,813 193,828 205,581 30,120 235,701 Fund balances at 1 October 2020 547,093 47,941 595,034 341,511 17,821 359,332 Fund balances at 30 September 2021 720,108 68,754 788,862 547,092 47,941 595,033 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing aclivilies. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 14-
TALKBACK-UK LIMITED BALANCE SHEET AS A T 30 SEPTEMBER 2021 2021 2020 Notes Fixed assets Intangible assets Tangible assets 12 13 1,385 5,981 4.155 6,308 7.366 10,463 Current assets Debtors Cash al bank and in hand 14 302.730 579,167 193.198 478,599 881,897 671,797 CreditOTS". amounts fall?n9 due within one year 1S (100,4011 {87.2271 Nel current a55el3 781,496 584,570 Total assets less current liabilFties 788,862 595,033 Income funds Rèstrieted funds Unrcstricted fund t6 68,754 720,108 47,941 547.092 788,862 595,033 The compony is cnlillcd to the exemption from the audtt requirement conts1n in section 477 of the Companies Act 2006. for the year ended 30 Septembei 2021. although an audit h89 been carriert out under section 144 of the Charities Act 2011. The directors ackno¥edge their responsibilities for complying with the requirements of the Companies Aot 2006 th respecl to acu)unling rècords and the preparation of financial stslements. The fifiancial ststements were approved by the TnJst8es on 23 May 2022 Trustee Company Registration No. IM279266 15-
TALKBACK-UK LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2021 2021 2020 Notes Cash flows from operating activities Cash generated from operations 22 102,583 255,977 Investing activities Purchase of tsngible fixed assets Investment income reiVed 12,0541 38 110 Net cash (used inllgenerated from invosting aclivitigs {2,0151 110 Net cash used in financing activities Net Increase In cash and cash equlvalents 100,568 256,087 Cash and cash equivalents al beginning of year 478,599 222,512 Cash and cash equlvalènts at end of year 579,167 478,599 16-
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021 Accounting policies Charity information Talkback-UK Limited is a private company limited by guarantee incorporated in England and Vvales. The registered office is Amersham Community Centre, Chillern Avenue, Amersham, Buckinghamshire, HP6 5AH, United Kingdom. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021" The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared In slerfing, which is the functional currency of the charity. Monetary amounts in these financial slalemenls are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified lo include the revaluation of freehold properties and lo include investment properties and rtain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Going concem Al the lime of approving the fi'nancial slalemenls, the trustees have a reasonable expectation that the charity has adequate resources lo continue In operational existence for the foreseeable future. In making this assessment. the trustees have considered the impacts. and expected future impacts, of the Covid-19 pandemic on both the charity and the environment in which il operales.Thus the Iruslees continue lo adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitsble objectives. Designated funds Comprise funds which have been set aside at the discretion of the Iruslees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements. Reslrided funds are subject lo specific conditions by donors as lo how they may be used. The purposes and uses of the restricted funds are sel out in the notes lo the financial slalemenls. 1A Income Income is cognised when the charity is legally entitled to il afteT any performancè conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on reipl. Other donations are recognised On the Charity has been notified of the donation, unless performance cond(tions require deferral of the amount. Income tsx recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 17-
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 Accountlng pollcl&s {Contlnued) 1.5 Expenditure Allocation and apportionment of costs Where $1$ cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Adminislralion costs are apportioned lo program costs as follows.. Program 80Q/o 70% 80/. Support 20Q/o 300/0 20° Community setvices Postage, printing and ststionery Sundry expenses Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation committing the charity to that expenditure, il is probable that a transfer of economic benefits will be required In settlement and the amount of the obligation can be measured reliably. Expenditure is aOUnted for on an accruals basis snd has been classified under headings that aggregate all cost related lo the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consislenl with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commf(menl bul not accrued as expenditure. 1.6 Intangible fixed assets other than goodwill Intangible assets acquired separately from a business are recognised at cost and are subsequent measured al cost less accLJmulated amortisation and accumLJlated impairment losses. Intangible assets acquired on business combinations are recognised separately from goodwill al the acquisition dale where it is probable that the expected future economi¢ benefits that are attributsble lo the asset will flow to the entity and the fair value of the assèt can be measurèd reliably, the intsngible asset arises from contractual or other legal rights., and the intangible asset is separable from the entity. Amortisation is recognised so as to write off the wst or valuation of assets less their residual values over their useful lives on the following bases". Software 330h on cost 1.7 Tangible fixed a88ets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation, nel of depreciation and any impairment losses. Depieciation is recognised 50 as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold improvements Plant and equipment Computers over the lease term 200/0 on cost 33 /0 on cost and 25% on cost The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net incomellexpendilurel for the year. 18-
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 Accountlng pollcl&s {Contlnued) 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Flnanclal Instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Inslrumen151ssues' of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty lo the contractual provisions of the inslrumenl. Financial assets and liabilities a offset, with the nel amounts presented in the financial slalemenls, when there is a legally enforceable right lo sel off the recognised amounts and there Is an Intention to settle on nel basis or lo realise the asset and settle the liability simultsneously. Basic financial assets Basic fi'nancial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement Conslilules a financing transaction, where the transaction is measured at the present value of the future receipts discounted al a market rale of interest. Financial assets classified as re1vable within one year are not amortised. Basffc financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement constilules a financing transaction, where the debt instrument is measured al the present value of the future payments discounted al a mart(el rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current Iiabililies. Trade creditors are recognised initial at transaction price and subsequently measured al amortised cost using the effective interest method. Derecognitson of financial liabilities Financial liabilities are derecognised when the charity's conlraclual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday enlillement is recognised in the period in which the employee's services are received. Termination benefits are reco9nised Immediately as an expense when the charity Is demonslrab commrtied to leminate the employment of an employee or to provide lemination benefits. 1.11 Retirement benefits Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. 19-
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 Accountlng pollcl&s {Contlnued) 1.12 Leases Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease. Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required lo make judgements, eslimales and assumptions about the carrying amount of assets and liabilities th81 are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are recognised in the period in which the estimate is revised where the revision affects only that periool, or in the period of the revision and future periods where the revision affects both current and future periods. Donatlons and leyacles Unrestricted Restrictgd funds funds Totsl Unrestricted Restricted funds funds Total 2021 2021 2021 2020 2020 2020 Donations and gifts 9.992 7.179 17,171 2,360 25 2,385 -20-
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 Charitable activities 2021 2020 Grant funding lconditionall Fees 258.444 181,015 1,720,858 1,761,604 1.979,302 1,942,619 Analysis by fund Unrestricted funds Restricted funds 1.844,052 1,723,712 135,250 218,907 1,979,302 1,942,619 Performance related grants Milton Keynes Council Citizens Advice NHS PDF Reading (Autisml Bucks Community Engagement Luton Borough Council 47,570 4,235 9,972 10,000 70,670 24,423 14,000 29,050 42,872 71,777 181,015 Investments Unrestrictod Restrictod funds funds Total Unrestricted Restricted funds funds Total 2021 2021 2021 2020 2020 2020 Interest receivable 36 38 20 90 110 Oth•r Income Unrestricted Unrestricted funds funds 2021 2020 Job retention scheme and other income 28,033 83,995 21
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 Other Income {Contlnued) Other income reprèsents the grant provided by HMRC under the Coronavirus Job Retention Scheme. Charitable a¢tivitie8 Program costs 2021 Support costs 2021 Total 2021 Program costs 2020 Support costs 2020 Total 2020 Staff wsls Rent and ulililies Insuran Communication services Postage, printing and slalionery Subscriptions and publications Sundries Recruitsnenl Equipment and office costs Travelling Personal development Consultancy costs IT costs Repairs and renew818 Office costs 1,151,495 113,104 3,204 3,603 1,151,495 1,150.325 113,104 62,915 3,204 4,268 3,603 16,166 1,150,325 62,915 4,268 16,166 2,379 2,379 3,459 3,459 22,602 1,250 3,682 51,896 25,170 14,788 46,204 40,111 595 22,602 1,250 3,682 51,896 25,170 14,788 46,204 40,111 595 3.220 2,510 3,816 39,044 30,856 13,123 60,129 71,462 3,799 11,634 3,220 2,510 3,816 39,044 30,856 13,123 60,129 71,462 3,799 11,634 1.480,083 1,480,083 1,476,726 1,476,726 Share of support costs (see note 81 Share of governance costs (see note 81 278.155 278,155 251,666 251,666 72,478 72,478 65,016 65,016 1,480,083 350,633 1,830,716 1,476,726 316,682 1,793,408 Analysis by fund Unreslricled funds Restricted funds 1,272,736 207,346 343,744 1,616,480 1,180,435 6,890 214,236 296,291 316,283 1,496,718 399 296,69D 1,480,083 350,633 1,830,716 1,476,726 316,682 1,793,408 -22-
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 Support costs Support Governance costs costs 2021 Support Governance costs costs 2020 Staff costs Deprecialionl Amortisalion Communication services Postage, printing and slalionery Sundries Travelling Accountancy and payroll Bad debts Other support costs 255,286 57,675 312,961 234,015 50,456 284,471 5,150 901 5,150 901 4,702 528 4,702 528 1,264 316 178 1,388 2,288 11,385 1,264 316 178 1,388 2,288 11,385 1,695 26 2,861 6,779 660 1,695 26 2,861 6,779 660 Audit fees Consultancy costs 10,750 4,053 10,750 4,053 8,950 5,610 8,950 5,610 278,155 72,478 350,633 251,266 65,016 316,282 Analysed between Charitable activities 278,155 72,478 350,633 251,666 65,016 316,682 Governan costs includes payments to the auditors of £10,75012020- £8,950) for audit fees. Auditorfs remuneration The analysis of auditor's remuneration is as follows.. Fees payable to the audltors.. 2021 2020 Audit of the annual accounts 10,750 8,950 10 Trustees None of the Iruslees lor any persons connected with them) received any remunerslion or benefits from the charity during the year. No trustees were reimbursed any expenses during the year12020.' £nill. The charity's insurance cover includes Trustees, indemnity insurance. The cost associated with this cover forms part of the overall insurance premium paid by the charity and can not be estimated.12020'. same) -23-
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 11 Employees Number of employees The average monthly number of employees during the year was.. 2021 Number 2020 Number 79 77 Employment costs 2021 2020 Wages and salaries Social security costs Other pension costs 1,339,238 100,300 24,918 1,314,248 96,692 23,856 1,464,456 1,434,796 Key Management Personnel remuneration in the year totalled £69,446 {2020.' £60,623) One employee reiVed annual remuneration over £60,00012020.. 11. 12 Intangible fixed assets SOfare Cost At 1 October 2020 and 30 September 2021 8,310 Amortlsatlon and Impalmient Al 1 October 2020 Amortisation ¢h8rged for the year 4,155 2,770 At 30 September 2021 6,925 Carrying amount At 30 September 2021 1,385 At 30 September 2020 4,155 -24-
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 13 Tangible Fixed Assets L•asohold Improvements Plant and equlpment Computers Total Cost Al 1 October 2020 Additions 29,719 8,174 6,675 2,054 44,568 2,054 AI 30 September 2021 29,719 8,174 8,729 46,622 Depreciation and impaimient Al 1 October 2020 Depreciation charged in the year 29,719 2,187 1,635 6,355 745 38,261 2,380 At 30 September 2021 29,719 3,822 7,100 40,641 Carrying amount At 30 September 2021 4,352 1,629 5,981 At 30 September 2020 5.986 322 6,308 14 Debtors 2021 2020 Amounts falllng duo wlthln one year.. Trade debtors Other debtors Prepayments and accrued income 116,493 2,434 183,803 70,115 4,483 118,600 302,730 193,198 The variance belween 2020 and 2021 Trade debtors relates lo the liming of invoices raised only. 15 Creditor8- amounts falling due within one year 2021 2020 Other laxalion and social security Trade credi(ors Other creditors Accruals and deferred income 22,952 14,277 4,920 58,252 28,698 14,943 43,586 100,401 87,227 The variall between 2020 and 2021 Accruals and Deferred income relates lo the timing of invoices raised only. -25-
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 2021 16 Restrictwl Thg inCQtne tundsofth$ thatity Inclu¢9 re$lrithd funds r(wpnsino th8folowino unexpended balan$ of donafyons?n¢ grants on tStfOr sp9fiPurpOsS&. Movern8nt in fund8 Plovement in fvnds R£sDUICP expended Tr4nsfB Babnrellt Tranllfe BlllanEpat 10GtobEr2019 rewour¢e 1 OGt(th1 2020 40v¢ $OSENembEr AMP (Reèding ¢e) Reading IAulisml Milton Keynes Heatth Pn)ject Bucks Community Engagement Bucks Parbh8rship Board 17.270 14.000 70.670 5.634 6.007 11,655 4,445 945 10000 52,484 2.500 3.803 11.220 2.454 159.900 29.180 2,392 10,032 12,3921 NHS PDF YourVoi¢e IEngagel Baby Q Support InLO Employment IBBOI CilizeDsAdvKe Care and Treatment Readlnp C8reArtAdvopAcy PDS 24.423 13.446 7.428 42.625 20.713 9.972 25.627 17.696 92,618 3.53S 3.935 4.218 6.190 1.688 17.540 4.235 6.2£9 1.783 29.581 (751 218.022 1286.6901 107,788 47.841 142.431 92.618 68.754
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 17 Analysis of net assets between funds Unrestricted Restricted funds funds 2021 2021 Total Unrestricted Restricted ftjnds ftjnds 2020 2020 Total 2021 2020 Fund balanS al 30 September 2021 are represented by.. Intangible fixed assets Tangible assets Current asselsl 1,385 5,981 1,385 5,981 4,155 6,308 4,155 6,308 712,742 68.754 781.496 536,629 47,941 584,570 720,108 68.754 788,862 547,092 47,941 595,033 -27-
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 18 Restricted Funds Reading and Milton Keynes Self Advocacy project with the local councils. Reading Schools Consultation work within Reading schools with young children. Hgalth Projact Re4esign of the Bucks County Council health passports. Bucks Partnership Board and Engage Funding for Talkback learners lo sit on board and assist in the development of the best way lo help people with learning difficulties. NHS PDF Development fund for the health passport in and around Reading. Support into Employment IBBOI Finding job opportunities for autistic people. Bucks Fulfilling Lives Supporting people with a learning disability and older people, through the change prOsS and transition of the current Day Opportunities consultation prosS. Bucks Community Engagement Through Community Engagement Group forums, working with all client groups, people are encouraged to speak up and share their views and opinions lo help develop and support new strategies and servIs. Rgading (Autism) Supporting people living in povety. excluded from communities or affected by by long term health conditions. Baby Q A one off production of resources agreed with the Buckinghamshire Safeguarding Children Board. 19 Operating lease commitments At the reporting end date the Charity had oulslanding commitments for future minimum lease payments under nOn-CanlIable operating leases, which fall due as follows.. -28-
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 19 Operatlng lease commltments {Contlnued) 2021 2020 Within one year Beeen and five years In over five years 18,000 54,000 31,742 99,257 72,000 49,742 103,742 220,999 20 Related paity transactions During the year the company paid £16.000 12020.. £13,500110 STE Enterprises Limited in respect of the provision of the interim Head of Finance service provided by the company. Simon Evans, the interim Head of Finan, is the owner and director of STE Enterprises Limited. During the year the company paid £2,421 12020.. £nill lo Patrick van Aalsl. Patrick van Aalsl is the current interim Head of Finance. 21 Subsidiarios The trading subsidiary, NClude-UK Limited CIC, was dissolved on 30 March 2021. The activities of the subsidiary were hived up lo the Charity with effect from 1 October 2019. The dissolution of NClude-UK Limited CIC has no effect on the figures presented in the financial slalemenls for the year to 30 September 2021. -29-
TALKBACK-UK LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021 22 Cash generated from operations 2021 2020 Surplus for the year 193,828 235,701 Adjustments for.. Investment income recognised in slalemenl of financial activities Amortisation and impairment of intangible assets Depreciation and impairment of tangible fixed assets {381 2,770 2,380 11101 2,77D 1,932 Movements in working capitsl.. {Increaselldecrease in debtors Increaselldecreasel in creditors 1109.5321 13,174 376,349 1360,6651 Cash generated from operatlons 102,582 255,977 23 Analysis of changes in net fund8 The chaiity had no debt during the year. 30-