Charity Teglstratlon numbèr 1093732 Company reglstratlon number 04279266 (England and W*lg$1 TALKBACK-UK LTD. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 TALKBACK-UK LTD. LEGAL AND ADMINISTRATIVE INFORMATION Trustees M$ L Hughes Ms K Joslln M5 M Collard Ms C Daniels Ms E Sadlèr Ms F Watson MSA Carneron (Resigned 20 May 2024) (Appointed 23 January 20231 IAppointèd 18 September 20231 (Appointed 22 June 20231 Secretsry MrJHay Charity number 1093732 Company numb•r 04279266 Reglst•rèd office Amersham Community Centre Chillern Avenue Amersham Buckingham3hire United Kingdom HP6 SAH Audltor AzelsAudit SeNi¢es Suites B & D Burnham Yard London End Bea￿nSfIeId Buckinghamshire United Kingdom HP9 2JH TALKBACK-UK LTD. CONTENTS Pag• Chaimian's statement Trustees, report statement of trustees. responsibilities Independent auditorfs report 9- 11 Statement ol financial a¢tivilie8 12 Balancè shtrel 13 Stslement of cash flows 14 Notes lo the financial stslernents 15-31 TALKBACK-UK LTD. CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2023 We present the Annual Financial Report for the ye8f to 30th September 2023. Ak)ngside this we would encourage you lo read our Annual Impact Rèview, available on our website, vthich Is full of great stories of our rnembers and a more detailed look at the year. The environment in which Talkback operates is afvays challenging. The economic national challenges filler down to the people we work with in terms Df reducing their support levels and their access to programmes they need to help them get work. The ongoing work done by the leadership team and staff allows the results to happen and we remain extremely grateful for their passion and efforts. We are gralelul for the 5UPPOrt of funder5, tho have pmvided grants for Nnning projects and for the pJrcha5e of equipment. We reeognise the increasing pressures on funding bodies and we actively look for w8yS to deliver OUT seNices more efficiently, inGluding through vobjnteer support. The volunteers who have joined us have made huge positive impact. We also continue to look for new ways lo raise incorne to improve our services and increase our reath. Mrmspa Dated.. LO TALKBACK-UK LTD. TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Trustees, who a￿ also directors of the ¢h8rity for the purposès of the Companies Act 2006, present their report with the financial statements of the charity for the 12 months ended 30 September 2022. The Trustees comply wth the charity's Constitution. the Companies Act 2006 and Reporting by Ch8rilies.' Statement of Recommended Praclice appli¢able in the UK and Republic of Ireland IFRS 102 lupdale bulletin 211. The finanaal statemerts have been prepared in accordance wth the accounting policies set out in note to the financial statemènts and cornply with the charity's governing document, the Companiès Act 2006 and 'Accounting and Reporting by Charities." Slalement of Recommended Practice applicat)le lo Charities preparing their accounts In accordan￿ wf(h the Financial Reporting St8nd8rd applicable in the UK and Republic of Irsland IFRS 1021.. ObJoctlvg5 and actlvltl8s The charity's obje¢tive5 and prindpal asX[￿tIe& are.. To provide opportunities for autistic individuals and people with a learning clisability to have their say on lo¢al services in the communty. To enable them lo obtsin their full rights and privileges as cAtizens through embedding the skills of self•advocacy. These are achieved by.. supporting and developing sev-advocacy skills, providing opportunities for people to engage rneaningfully and participate, feeding Into the planning, development, and delivery of services. training and consultation with a range of professionals and agencies. the wder communty, and familie5 to educate and raise awareness. To inere8se the quality of life experfenced by people with a leaming disability andlor autism. plus other disability groups. previding educatton $upport, personal development seNices. life sknlls and employment support Talkback- Our Passion Talkback is a centre ol learning and development focused on two groups of undervaluod pgople.. aulists'c PaOkl& and individuals wlh learning disabilititrs. Our aim is for every person who joins the Talkback journgy to become better equipp￿ to lead the life they want by helping them transition from each stage lo the next. Our members hav& mueh lo ¢ffer. as active people in the ¢ommunity, includlng through volunteering 8nd being employees. Thè Trijslees have referred to the guidance containecl in the Charities Commission general guidance on public benefit when reviewng the organisalion s aims and objactlves and are confident that Talkback is Comp￿1￿9. We al30 follow the Code of Practice on Fundraising and are Hudited by Ofsted, Bucks County Council, and the Bucks College Group for the quality of our work. We have our own monthly quality assèssments as well as thtsse done annually by experts by èxperience- a trained group of people wth lived experience who independently assess our services, 8$ Part of our quality improvement. TALKBACK-UK LTD. TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2023 Achlevements and perfomiance Safeguarding and Qualty All our staff have been fully safeguarding trained including around FGM, Prevent, Suicide, First Aid, Child Exploitation and Online Protection Awareness. Equality, Diversity and Inclusivty. Our staff were also trained by the Terence Higgins Trust on Sex. Relationships and Gender. We achieved Excellen¢e as a provider for our and operation support. We also maintained our outslandlng grade from Bucks County Council for our $y$lems and processes around ¢ollege provision and stsff development. Our Programmes: Young People11645 years old}: The Education Programmg called Equip. continues to deliver exc51ing and innovative life skills sessK)ns to young people aged 1&25 both wth college and increasingty with those not wanting lo attend coll￿e and who arè looking for alternative journeys. We work dosely with the colleges and our special thanks go to the managtsmtrnl and staff of Bucks College Group and BCA for the way they have supported Talkback and our members 88 well as the new colleges who we h8ve just started workin9 With. Personal Developmont and Skllls for Llfv121- 7S yoars oldl . There are now 100 peopla with us every week in 20 diffe￿nI programmes across our Personal Development and Skills offer, reflectin9 thè quality of our services. The rang6 of these services continues to grow. and we are delighted to have 18 members accessing wNk experience opportunities at S drferent venues. We are extremety gratefijl to th&s8 organisalions ¥tho have embra¢9d falkbBck and our memb8rs wlh open ams TALKBACK-UK LTD. TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Sports Acad•my The Talkba¢k Sports Academy has been a driving force providing fun, induswe experiences and the opportunlty lo learn new skills. We have Introduced netball and blaze pods alongslde our 10 other sports. In addition to our annual sports day this year we premiered a Festival ol Fun and Sport al the Stoke Mandeville $ladium. This enabled Bucks residents with any form ol disabilty or ftèUr￿d1verse condition to try out 12 diffÈrènt sports. are grateful lo Leap and the other expert partners who came. demonstrated and helped people have a go al sports ranging from boxing lo dance and f¢olball lo badminton lo tennis. amongst otheTS. The over 120 people attending were also offered the chance for 4 free follow-up sessions at the sports they liked. We are so grateftjl lo the financial supporters as well a$ the excellent and inspirational intemal and external sports coathes Employablllty. fransitions to Work We ¢hanged our approach to providing support into volunteer opportunib"es, work experience and paid employment. We also launchèd our Supported Internship s¢h&me and coth'nue to provide Supported Employment for those In work. We work wth èvery member lo help them achievè their goals and ensure they receive the same opportunities as everyone else. The great people al Rothschild provided fvnds lo Talkback to deliver job dubs and support for autisti¢ people between the ages of 18 and 25 who have no funding and are unemployÈd. This is an ongoing initiative, bul has already enabl8d us to hglp 6 young people into work. The employment rate for our membeis is more Ih8n double the national aver89È lor 8u1151ic individuals and people with leaming disabilities. This also includes opening up access lo volunteer opportunities and ongoing role$. Your Volce- Our Prof•sslonal Servlces: Your Voice reaches out to the 5000 people with learning dlsabllilies and autistic people throughout Buckinghamshire an¢ Milton Keynes who are not funded and laek support. We also work on rai$iro awareness on lrfe and national Issues wilb other or9anisations like Leaming Disability England. We arè èngaging in work with councils to help them build lasting solutions to problems that have been around for too long. We do this by helping organisalions see the worfd through the eyes of aulislic individuals and people wth a learning disability and 8du¢aling them on providing reasonablè adiuslments. We have completed devèlopment of new areas where tharè are gaps in provision for people Wth leaming disabilities and autistic individu815 such as Grief and Loss and also sUPPOrt after diagnosis. Talkback is an active member of Stsying Healthy and Safeguarding Boards and involved Sn a Tange of Preparing forAdulthood work groups. We continue to work with MK Council on creating a comrnunity that Is 8 best practice example for 8Utisli¢ people. TALKBACK-UK LTD. TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Flnanelal review Talkback's plans for the 12 months to 30th Sgplember 2023 continued the mèrlium-t$rm plan to build a resilient. sustainable and innovative organisalion. Ensuring effedive cost control. particularly of overheads, ￿MaInS paramount. Financial perfomiance. vh)ile positive, was slightly short of that planned due to fijnding ch8n9es on the Education Support work we d8livèr. Total income for the 12 months vrdS £1.995,222, £34,758 below that planned. Efficient use of member-facing staff and other resources contributed lo the small surplus of £41,463 lor the year. The major fixed asset inve5trnent made by the charity last year1£79,3921 was for a $tsffv48re platlorm to enable mo insighfful informab'on on our programmè$ an(t members, progress. Demand for our Services remain high and we have completed the first full year at our second Accessible Workshop, in High Wcombe. The Finance Committ¢6 and Board of Trustees maintsined o)versight of Talkback's financ9$ and satIsf￿d themselves il continves lo operate efficiently and effectsvety, balancing the immediate need to deliver servtces and support to its members with due regard to the longer-lerm financAal health of the chanty. We are grateful to Azets, our auditors. for their continuing profes&onal help in moving us forward. We would like lo take th￿ opportunity lo thank ourpnncipal funders (luring this last year. We 8r8 gTrteful forthe support of each of the CounGiI$ 8nd Commissioners. They are undercont1nualp￿sSure to deliver npore ￿1￿ less 8nd continue to make é positive impact whKh is often not recognised. Funders who we need to thank this year indude.. Amersham & Villages Communlly Board Autisrn Berkshire Buckinghamshire Council Bar¢lays Community Football Fund Braywck Heath Nurseries Bucks Bafjggrs CommunityAction MK CTrop Local Community FLtnd Findlay Park Investment Management Heart of Bucks- Community Foundation for Buckinghams'iire Leap Milton Keynes Counal Mencap National Lottery & European Sory'81 Fund IESFI The Nineveh Charitablè Twsl Poli¢9 & Crim¢ Commissioner Thames Valley Community Fund The Rothschild Foundation We received additional funding through one•off pieces ¢f work, donations. and training and by people undertaking events for us. We are hurnblecl by their support. We would also like lo thank several private groups and parents for their continued support. TALKBACK-UK LTD. TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORD (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 R•s•rv•$ Policy In line wrth the SORP developed by the Ch¥dty Commission, our Trustees ensure reservès are set aside for our long-lerm financial viabilrty. 11 is the policy of thè charity tt)al unreslricled fvnds which have not baon designated for a speafic use should be maintained at a leval èquivalent lo be￿en three and six month's èxpèndrture. The Iruslees considers that reserves al this level will ensure that, in the event of a significant drop in funding. they will be able to continue the ¢harily's current activities while consideration is givon lo ways in which additional funds may ba raisèd. This level of re$erve$ has been maintained throughout the year. To address the Un￿rtaInty in funding streams. from the social care s8Ctor, property requirements and thè workplace pension scheme. the Tru3lees feel a general fund reserve of no less than £150k should be a￿ayS maintained to cover between 15 and 75 days essenliol expendfture. thi8 excludes rent and the pension commitment as these 8re covered by separate resetwes. Rlsk Manag•m•nt The risk$ for the organisabon are regula￿ reviewed by the Board, Chief Executive, Finance and Business Managèrs and include Strategy, Governance, Operations. Staff. Organisalional Culture and Finance. These rèsults are scrulinised by the Risk and Audit Committee run by 2 trustees to make sure risk 8rè miligaled or reviewed and actioned each quarter. The Trustees ensure that thèrè are Set policies, procedures, and insurances in pl8¢e to miligale risks. The Finance $ubcommittee carries responsibility on behawof. and reports lo, the Board regarding the managemènt 8nd review of financial risk structure, governanc• and managém•nt The charity is controlled by 11$ gtrveming document, a deed of trust. and cons￿lUteS a limited company, limlled by guarantee, as defined by the Companies Act 2006. The trustees. who are also the diredors for the purpose Of company law. and who served during the year and up lo the date of signatur& of the financial statements were.. Ms L Hugh6$ Ms K Joslin Mr M Togsverd Ms M Collard Mr M Sparkes M$ C Daniels Ms E Sadler Ms F Watson MSA Carneron IRe$igned 16 April 20241 (Term r>f offiee expirèd 1 April 20241 {Resigned 20 May 20241 (Appointed 23 January 20231 (Appointed 18 September 20231 (Appointed 22 June 20231 TALKBACK-UK LTD. TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTI (CONTINLIED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 In 8CCOTdance with the Articles Df Association, the management of the charrty is Carried out by a Management Committee of voluntary directors, who are also Trustees. They are appointed In accordance wth the Articles of Association. Talkback is also a Company Limited by Guarantee. Recruitment is by personal approachlnominatson, advertisement and using specialist recruilmenl services for the voluntary sector. Talkback's induction programme introduces new trustees to Ihe Talkback Team and to the activities of the organisation. As an organisation working for and with people with a leaming disability, involvement in the acb"vibes Is essential to understanding the organisation. This indudes being fully involved with the Management Groups. l Tfuslees complete an application forrn and provide a full CV. Before appointment, they attend a BoaTd meeb.ng and where possible a Management Group meeting, where they are invited to discuss their interest in the role. Before appointing new Trustees. the Board undertakes a review of Guffent and required skills lo remain relevant and identify new requirements in response lo any development areas and new opportunities. The skills audit, job d8s¢ripts"ons and person specification are updated to reflect this. Organlsatlonal structure and how declsions are rnade: The Trustees delegate the d8y-lo-day running of the organisation lo the Chief Executive, Jererny"Jay Hay. The Management Committee is responsible for taking decisions in the areas of govern8n¢e, strategic planning, financial and risk management. A subcommittee cover5 ftnance. Each Talkback locality has its own Management Group (people wlh a leaming disability ar¢d aulislic individuals) lo act as a lead on the development and direction of Talkback. In accordance ¥Mth the company's articles, a Tesolution proposing thatAzets Audit servI￿s be reappointed as auditor of the company wll be put al a General Meeting. The tTuslees' r&port was approved by the Board of Trustees. Mrmsp Trustee Dated.. es TALKBACK-UK LTD. STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023 The trustees. who are also the directors of Tèlkback-UK Ltd. for the purpose of ry?mpany law. are responsible for Pf&paring the Trustees, Report and the finan¢lal statements in accordance with applicable law and Unlled Kingdom Accounting Standards (United Kingdom Generally Acceptèd AccountirKJ Practice). Company Law ￿qUireS the trustees to prepare financial $18tgmènls for each financial year which give a true and fair view of the stale of affairs of the charity and of the incorning resources and application of resource5, induding the income and expenditure, of the ch8ritable company for that year. In preparing these financial ststerrenls. the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the ChaTitie8 SORP". make judgement$ ond estimates that are reasonable and prudent". state whether applicable UK Accounting Standards have been followed, $ubie¢t to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the golng con¢em basis unless it is inappropriate to presume that the charlty 11 contFnue in operation. The Iruslees are responsible for keeping adequate a￿OUntIng records that disdose with reasonable accuracy al any lime the financial position ol the charity and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible lor safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.Each of the trustees has confirmed that there 15 no inlorrnalion of which they are awaTe which is relevant tg the audit, but of which the auditor is unaware. They have hjrther confimed that they have taken appropriate Steps lo Idenbfy such relevant infomialion and to esiablish that the auditor Ss aware of such information. TALKBACK-UK LTD. INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF TALKBACK-UK LTD. Opinion We have aLtdiled the financial statemetts of Talkba¢k-UK Ltd. Ithe 'charity'l for the year ended 30 September 2023 which comprise the stalernent of financial activrties. the balartce sheet, the slalgmenl of cash flows and notes to the financial $l*ernents, including signifi¢anl accounting poliaes. The financial reporting framework that has begn applied in their preparatson is applieable 18w and United Kingdom A¢¢ovntsng Standards, induding Financial Reporting Stsndard 102 The Fin8nei&l Reporting St8ndanS applicab18 in the UK and Republic of I￿18nd (Urriled Kingdom Generally Acceptgd Accounting Practice). In our opinion. the fjn8n¢i81 st8lements'. give a true and fair vièw ¢f the stale of the charrtable ctsmpany's affairs as at 30 September 2023 and of ts incoming resources and applieation of reSoUr￿s, for the year then ended,. have been properfy prepared in accordance with United Kingdom GÈner81ty Accepted Accounting Prath¢e'. and have been prepared in accordance wllh the requirements of the CompaniesAct 2006. Ba$15 for oplnlon We conducted L)UT audit in accordaft¢e wlh Inlemalional Standards on Auditing {UIQ IISAS (UK)) and 3pplicaL40 law. Our responsibilities under those stsndards are further described in the Auditorfs ￿SpOnsibl￿111es for the oudrt of the financial slatements se¢lion of our report. We are independent of the charity in accordan￿ wllh the ethical quiremenls that are relevant to our audit of the finan￿al 51alemenls in the UK, including the FRC'S Ethical Standard, and we havè fulfilled our other ethical responslbililies in accordance with these reguiremenls. We believe that the audit eviden¢e we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusion5 relating to golng conc•rn In auditing the financFal slalements, we have con¢ludgd tt)al the Irustees, use of th9 going concern basis of accountsng in the prÈparation of the financial statements Is appropriate. Based on thè work we have performed, wè havè not identified any material uncertainlie5 relating to events or conditions that, individually or collectively. may G8St significant doubt on the charty's ability lo continue as a going con¢ern for 8 period of at least fftlve months from when the financial statements are aulhorised for issue. Our responsibilities and the re$pon$ibililies of the trustees Mth ￿SpeCt to going concern are desuibed in the relevant sections of this rgport. other Infomiatlon The other information comprises the informats'on induded in thè anntr81 report other than the financial statements and our audilorfs report thereon. The trustees are responsible for thé other information contained within the annual report. Our opinion on the financial stslements does not cover the ()Iher information and we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doillg so, consider whether the other infom)ation Is materially inconsislent with the financial Statements or our knowledge obtained in the course of the audit. or olherwse appears to be materially rnisstated. If we identify su¢h material inconsistencies or apparent material misslalemenls, we are requirad to determine whether this gives rise to a rnalerial misstatement in the financial statements themselves. If. based on the work we have performad, w¢ ¢onGlude thal there is material misslalemenl of this other information, we are required to report that fact. We have nothing lo report in this regard. Mattorn on which we are r•qulr•d to rèport by exceptlon We have nothing lo report in respect of the followng matters in relatton to whlch the Charities (Accounts and Reports) Regul81ions 2008 require us to report lo you If, in our opinion.. the inlormallon given in the financial statements is in¢onsi$lenl in any material rèspe¢t wlh the trustees, report,. or Sufficient accounting records h8ve not been kept,. or the financial statements are not in agreement with the accounting records.. Iv we have not re¢eived all the inforn)ation and explanations we require for our audit. TALKBACK-UK LTD. INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF TALKBACK-UK LTD. Responslbllltlès of trustees As explained more fully In the stslemenl of trustees, responsibilities, the trustees, who are also the directors of the charity for the purpose of company law. a￿ responsible for the preparation ol the financial slalemen13 and for being s*'sfi*d th81 they give a true and fair view, and for such inlernal control as thè trustee5 delerrnine is necessary lo enable thè preparalion of financial statements that are free frorn material misstatement, whether due to fraud or èrror. In preparing the financial statèmènts. the trustees are responsible for as$es5ing the charity's ability lo onlinue as a going concern. disGlosing, as applicable, matters o18téd lo going concern and using the going gncern basis of accounting unl&$s the trustees either intend to liqtjidate the tharilable company or Its cea3e operations. or have no realistic allemalive but to do so. AudStorfs responsibilities for the audtt of th• financlal $tatements We have been appointèd as auditor under sedion 144 of th$ Charities Act 2011 and report in accord8nce with the Act and relevant regulation5 made gr hawng effect thereunder. Our objectives are lo obtain reasonable assuian¢8 about whether the financial statamenls as a whole are free from material misslalernent. whether due to fraud or error. and lo issue an auditor's report that includes our opinion. Reasonable 8ssurance is a high level of assurance bul 15 not a guarantee that an audll ¢ondu¢ted in accordance th ISA5 IUKI will always detect a m*erial rnisslalement when it exists. MIs5¢8lemenls can arise from fraud or error and are considered material if. individually or in the aggregate, they could rèason8bly be expected to Influèn¢e the economic decisions of users tsken on the basis of these financial $18lemènl8. A further descnption of our responsibilities is available on the Financial Reports'ng Coun¢il'$ website at.. https.'Il i.fr¢.org.uklaudilorsresponsibilities. Thi$ de$criplion forrns part of our auditors report. Extent to whlch the audlt was consldered capable of detectlng Irregularotles. including fraud Irregularities, including fraud, are Instances of non.compliance wth18w$ and regulations. We design pro¢edure$ in line with our responsibilities. outlined above and on the Financial Reporting Council's website, to delect material misstatements in respect of irregularities, including fraLtrd. We obtain and update our understanding of the entity. its activities, its control environment, and likely fvture developments. including in relation to Ihe16gal and rggulalory framework applicable and how the entity is complying with that framework. B8se(J on this understanding, we Identify and assess the Tisks ol material mi55talement of the financial statements, whether due to fraud or error, design and perfofrn audit procedures responsive to those risks. and obtain audit evidence that is suffieienl and appropriate lo provide a basis for our opinion. This includes consideration of the risk of acts by the entyty that were contrary to applicable laws and ￿gUlations. including fraud. In response to the risk of itregularilie8 and non-compliance with laws and regulations, including fraud, we designed procedures which included.. Enquiry of management and those charged with govemance around actual and potential liligalK)n and claims as well as actual, suspected and alleged fraud". Reviewng minutes of meetings of those charged wnth governance., Assessing the extent of compliance wth the law$ 3nd regulations considered to have a direct rnalerial effect on the financial statements or the operations ef the entity through enquiry and inspa¢tion', Reviwng financial statement disdosures and lesb'ng lo Supporting documentation lo assess compliance ilh applicable laws and regulations", Perforrning audit work over the risk of management bias and override of controls. Induding testing of joumal entries and other adjustr7Trents for appropriateness, evaluating the busines5 rats'onale of signfficant transactions outside the normal cgurse of busines5 and reviewing a¢¢ounling eslimales for indicators of potential bias. Because of the inherent limitations of an ¥udil. there is a risk that we wll not d¥lg¢t all irregularities, including those leading lo a material misstatement in thè finanial 51alemenls or non-complian¢e with regulation. This risk increases the more that compliance with a law or regulation is removed from thè èvents and transactions reflÈ¢ted in the financial statements, as we wll be les8 likety to becorne awa￿ of instances of non.compliance. The risk of not detecting a material misstatement résulting from fraud is higher than for one resulting trom error. as fraud may invofve collusion, forgery, intentional omissions, misrepresentations, or the override of inlemal control. 10- TALKBACK-UK LTD. INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF TALKBACK-UK LTD. Us• of our ￿port This report is made solely lo the charity's twstee5, as a body, in accordancè wlh part 4 of the Charities (Acwunls and Reports) Regulations 2008. Our 8vdf( work has been undertaken 80 that we might state to the charity's trustees those matters we are required lu stsle lo them in an auditor'5 report and for no other purpose. To the fullest extent permitted by law, we do n¢1 accept or assume responsibility lo anyone other than the ¢h8nty and the charivs trustees as a body. for our audit work, for this report. or lor the opinions we have formèd. Chrlstopher Nlsbet BA{Honsl FCA (Senlor Statut¢ry Audttor for and on behalf ofAzets Audlt Services 0410612024 hartered Accouniants Statutory Auditor Suites B & D Bumham Yard London End Beaconsfield Buckinghamshire United Kingdom HP9 2JH Azets Audit Sèrvices 15 eligible for appointment as auditor of the charty by virtue of its eI￿lbIlitY for appointment as aud￿Or of 8 comp8ny under section 1212 ¢f the Companies Act 2006. ZS ¢n ooth 0>￿ LT) O r 7J 7J o) ¢ a) q) QL > The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. TALKBACK-UK LTD. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2023 2023 2022 Not8s Cash flow5 from operatlng actlvlttes C8sh generated Ifom operations 20 46,899 148.736 Investing activities Purchase of intangible a55ets Purchase of18ngible fixed a559ts Investment income received 179,3921 111,7071 2,187 110,821} 29 Net cash used in Investlng a¢tlvltlès 188,9321 110,7921 Net cash used In financlng actlvlt5es Nèt Id•cr•as•lllncrnas• In cash and cash •qulvalÈnts 142.0331 137,944 Cash and cash equivalents al bèginning of year 717.110 579,187 Cash and cash equlval•nts at end of year 675,077 717,110 14_ TALKBACK-UK LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng policies Charity infomiatSon Talkback-UK Ltd. is a private company limf(gd by guarantee incorporated in England and Wales. The registered office is Amersham Community Cenlre, Chiltem Av&nv&, Arnersham, Buckinghamshire. HP6 5AH, Unite¢J Kingdorn. 1.1 Accounting convontion The financial statement$ have been prepared in 8¢¢ordance wlh the charity's governing document. the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recornrnend&d Practice applicable to Char￿"8$ preparing their accounts in accordance wfih the Financial Reporting Standard applicable in thè UK and Republic of Irèland IFRS 1021" The chariiy 1$ a Public Benefit Entty as defined by FRS 102. The finan¢ial slalement5 are prep8red in sterling, which is tr)è functional Currency of thè Charity. Monetary amounts in Ihese financial stat8menls are rounded to the nèarest £. The ffnancial statements have been prepared undèr the historical cost conv•ntion. The PTinrApal accounb.ng p¢licie5 adopted are sel out below. 1.2 Golng concern At the lime of approwng the finanaal statements, the trustee$ have a reasonable ÈxpÈ¢talion that the charity has adequate resotJrce$ lo wnlinue in operational axislence for the foreseeable fijlure. Thus the trustèe3 continue lo adopt thè going concem ba￿S of accountin9 in preparing th& finan¢ial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran¢e of their charitablè objectives. Dèsignated funds comprisè lunds which have been sèt aside al the discretion of thè trustees for speafi¢ purposes. The purposes and uses of the designated funds are Set out in the notes lo the financial statements. Rèstricto¢J funds are subject to s￿¢￿C conditions by donors as lo how they may be used. The purposes and uses of the restricted funds are set out in the notes to the finanaal statement5. 1A Incomè Income is recognised when the charity is legally enlffjed lo f( after any performance conditions have been mel, the amounts can btr rneasvred reliably, and it is probable that income will ba received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notifred of the donation, unless p8rformance conditions r8quire delerral of the amount. Income lax recoverable in relatron lo donations received under Gift Aid or deeds Of covenant is recognised al the timè of the donation. 15- TALKBACK-UK LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng pollcles (con￿nued) 1.5 Expenditure Allocation and appo￿.0￿ment of costs Mhere costs cannot be directly attributed lo particular headings they have been all(Kaled lo activities on a basis consistent with use of the resources. Adrninistration costs are apportionéd to program costs as follows.. Program Cornmunity setViC8S 80° Postage. printing and stationery 70% Sundry expenses Support 300 80% 20° Li8bililies are recognised as expènditure 8s soon as there is a legal or conslru¢tive obligth'on committing the charity lo that expenditure, it is probable that a transfer of economic benefits will be required in s&ttlemenl and the arnounl of Ihe obligation can be Tneasured reliably. Expenditure Is a¢c¢unted for on an accruals ba515 and has been classifie(l undèr ttè8dings that aggregate all cost relatéd to the category. Where costs cannot be directly attributed to particular headings they have been allocated to 8¢tivib"es on a basis consistènt wlh the use of resources. Gfants offered sublect to conditions which have not been mel at the year end date arè noted as commitment but not accrued as expenditure. 1.6 Intanglble flxed as$¢ts other than goodwlll Inlan9ible assets acquired separately from a business are recognised at cost and are subsequently measumd 81 ¢08t less accumulated amortis81ion and accumulated impaimient losses. Amortisalion is recognised so as lo write off the cost or valuation of assets less their residual values over their useful live5 on the following bases." SO￿are 33% on cost 1.7 Tangible fixed assets Tangible fixed a55¢1s are initially measured at cost and subsequently measured at cost or valuation, net of depre¢iaty"on an(1 any impairnient losses. Depreciation is recognised so as lo vrrite off thè cost or valuation of assets less their residual values over their useful lives on the following bases.. Leasehold improvements Plant and equipment C￿p￿terS over the lease tarm 20% on cost 33% on cost and 25°/0 on cost The gain or loss arising on the disposal of an asset is determln¢d as the difference befv￿*ft the Sale pr¢ceeds and the carying valu& of tha as￿1. and is recognised in the statèmènt of financial aciivitsès. 1.8 Cash and cash equ5valonts Cash and ¢a8h equlvalenls include cash in hand, and deposits held at call with baDks. 16- TALKBACK-UK LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng poll¢le$ Icontlnuedl 1.9 Flnanclal In$truments The charity has elected 1¢ apply the provisions of Section 11 'Basic Finanaal Inslrurnenls, and Section 12 'Other FinanLT81 Instruments Issues, of FRS 102 to all of its financial instruments. Financial Instruments are recognised in the charity's balance sheet when the charity becomes paty lo the ¢¢nlraclual provisions of Ihe insltuTnenl. Financial assets and liabllitles are offset, wth the nel amounts presented in the financial stslemenls, ￿en there is a legally enforceable right to set off the rècognised amounts and the￿ is an intention lo settle on a net basis or to re8lise the asset and setlle the liability Simullaneousty. Baslc finan¢ialass•ts Basic financial assets. which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carrièd al amort15ed cost using the effective interest m$lhod. Finanaal assets cl8s$ified as receivable wthin one year a￿ not amortised. Baslc flnancial liabilities Basic financial liabilities. including creditors, are initially recognised at transaction price. Financial liaknlitses dassified as payable within one year are not amortised. 1.10 Employeo beneflts The cost of any unused holiday entitlement is recA)gni3ed in the period in which the ernployee's se￿ie@S a received. Temibnalion benefts are Tecognised immedialety as an expense vthen the charty is demonstrably committed lo lerminale the employmènt of an ernployee or to provid• t$m)inalion benefit5. 1.11 Retlremgnt benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 1.12 Leases Rentsls payable under operating leases, including any lea$e incentives received, are charged as an expense on a straight line basis over the lemi of the relevant lease. TALKBACK-UK LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 CharStable activities 2023 2022 Grant funding Fees 238,267 1,742,799 256,567 1,743,364 1,981,066 1.999.931 Analysis by fund Unrestricted funds Restricted funds 1,741,626 1,736,420 239,440 263.511 1,981,066 1,999,931 P•rfomiance related grants Milton Keynes Council C1112ens Advi NHS PDF Readin9 IAutisml The Rolhs¢hild Foundation 54.250 48,017 195 7.573 12,186 100.000 1 $4.2S0 67.951 Investments Unrektrictèd Unrestricted funds funds 2023 2022 Interest receivable 2,167 29 19- TALKBACK-UK LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Charltabl• actlvltles Program Costs 2023 Support costs 2023 Total 2023 Program Costs 2022 Support costs 2022 Total 2022 Staff costs Rent and utilities Insurance cornmunicab.on services Postage. printing and 3talionery Sub$¢riplions and publication8 Sundries Recruitment Equipment and olfi¢g costs Travelling Personal development Consultancy costs IT costs Repairs and renewals 1,171,577 158,577 4.668 1.171.577 158,577 4,668 1,224,041 122,976 3.786 1,224.041 122.976 3,786 2,730 2,730 3.905 3.905 1,959 1.959 4.840 4.840 36,179 3,641 8.789 36.179 3.641 8.789 35,902 4,680 9,061 35,902 4,680 9,061 37.449 35.188 22.646 22.452 45.012 37,449 35.188 22,846 22.452 45.012 50.414 39,541 9,489 56,892 44,704 380 50,414 39,541 9,489 56,892 44,704 380 1,550,867 1.550.867 1,610,611 1,610.611 Share of support costs (see note 61 Sharè of govemance costs Isee note 61 317,519 317.519 228,985 226.985 85,373 85,373 80,930 80.930 1.550.867 402,892 1,953,759 1,610,611 307.915 1.918.526 Analysls by fund Unrestricted fvnds Designated funds Rèstricted fijnds 1.298.572 5,235 247,060 402,892 1,701,464 5.235 247.060 1,320,291 307.915 1.628.206 290,320 290,320 1,550,887 402.892 1.953.759 1,610,811 307,915 1,918,526 -20- TALKBACK-UK LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Support¢o¥ts Support Govemance costs costs 2023 Support costs Govemance costs 2022 Staff costs DepreciationlAmortlsalio 297,168 71,836 369,004 204,444 83,902 268,348 15,754 684 15,7S4 4,827 976 4,827 976 Communicats'on services P0518ge, printing and st81ionery Sundri8S Travelling Accountancy and payroll Bad dèbts Other support ¢08ls 877 447 555 3.353 19,609) 8,290 877 447 555 3,353 19.6091 8,290 788 396 307 2.90B 7,676 4,865 788 307 2,506 7.676 4.665 Audit fees Consultaney cost$ 13.313 224 13,313 224 71.526 5,502 11.526 5,502 317,519 85,373 402,892 226,985 80,930 307,915 Anatysed befvleen Charitsble activities 317,519 85.373 402,892 226.985 80.930 307,915 Govem8nce cos15 includes amounts charged by th& audrtors of £10,800 12022.. £9,800) for audit fees, and £2,51312022.. £1,926) for accounting setvi¢&$. Trustees None of the trustee$ IOT any persons connecled with th•ml rÉceived any remuneration or bene￿13 fr¢m the charity durfng the year. No trustees were reimbursed any expenses during the year12022.' £nill. The ch8rity'8 insurance cover includes Trustees, indemnty insurance. The cost assoaated wlh this cover forms part of the overall insurance premium paid by the charity and cannot be eslimated.12022.' samel Employees The averagè monlhty number of employees during the ￿ar w85". 2023 Numbèr 2022 Number 71 71 21 TALKBACK-UK LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Employees IContlnu*dl Employmont costs 2023 2022 Wages 8nd 8818ries Social security costs Other pension costs 1,400,423 112,179 27,979 1,371,859 109.963 26.817 1,540,581 1.508,639 Koy Management Pgrsonnel remunerab'on in the year lolalled £332.90512022. £282,804) The number of employees whose annual remuneration was rnore than £60.000 is as follows.. 2023 Number 2022 Number £60,001- £70,000 £70.001- £80,000 Taxatlon The charity i¥ exernpt from tax on income and gains falling wrthin section 505 of the Taxa$ Act 1988 or section 252 of the Taxation of Chargeable GainsAct 1992 to the extent that these are applied to its charitable objects. 10 Intsnglble flxed assets Cost Al 1 October 2022 Additions 8.310 79,392 At 30 Seplernber 2023 87,702 Amortlsatlon and Impalrnient At 1 October 2022 Amortisalion charged for the year 8,310 9,235 At 30 September 2023 17,545 Carrylng amount At 30 September 2023 70.157 At 30 September 2022 -22- TALKBACK-UK LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 11 Tanglble fixed assets Leasehold Improvements Plant and equipment Computers Totsi Cost At l October 2022 Addrtions Disposals 29.719 10.426 123.6111 18.335 679 3,803 802 51,657 11.707 123,6111 At 30 September 2023 16,534 19.014 4,205 39.753 Depreciatlon and Impalmient At 1 October 2022 Depreciation charged in the year Eliminated in respect of disposals 29.719 538 123,6111 6.538 5,LKO 2,041 921 38,296 6,519 123,6111 At 30 September 2023 6.646 11,596 2,962 21.204 arrying amount At 30 September 2023 9,888 7,418 1,243 18.549 AI 30 SepteM￿r 2022 11,799 1.562 13,361 12 Debto 2023 2022 Amounts falling dug within on• y•ar: Trade debtors Other debtors Prepayments and accrued income 62,937 4,678 168,940 38.285 5.639 192,400 236,555 236.324 13 Cr•dttors: amounts falllng dutr wlthln onè y•ar 2023 2022 Other taxation and soci81 securfty Trade creditors Other cièditors Accruals and deferred incorne 23,910 16,048 8,254 35,306 24.029 12.906 11,150 43.353 83,518 91,438 23- Ln o(0 (4 u) ¢or￿0 In ¢0 ¢0￿￿0 ¢0 (o 40 0) v) N- ) ¢n o rfj T* W) I Ocfj ro¢y- > (¥• ( rQ)fknOO ¢D (D o In o ro In (%J- ¢Q It 43) LD o ro o (J o z ro fn (n OU tt (L sw ¢ncJW z TALKBACK-UK LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 15 Deslgnatod lunds The income funds of the ¢harity include the followng designated funds which have been set aside out of unrestricted funds by the trustèès for $pecifi¢ purposes". Movement Sn funds Incomlng Balan¢0 at resOU￿e51 October 2022 Movement In funds lftcomlng r$sourc Resources •xpendod Trtnsfer5 Balance at 30 S8pt*mbtrr 2023 Bereavement MK Thrive (Findlay Parkl 13,1901 12,0441 4,485 1,295 5.956 8,000 8,000 15,2351 4,485 7,250 Bèrèavèmènt R85ear¢h into the lack of provision of bereavement support and how rt is approaeh8d in the UK and development of solutions. MK Thrive (Findlay Parkl Providing 5UPPOrt for an employment project for a group of Individual$ who are not lunded by any other agency lo recieve support lo help secure work. -28- VJ ¢4 r ¢ •TJ ¢4 7J ￿ V) TALKBACK-UK LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 17 OperatSng lease commltments Al the reporting end dale the charity had oulslanding commrtmènts for fLrture minimLtm lease payments under non-cancellable operats'ng leases, which fall due 88 follows.. 2023 2022 thin one year Between and five years In over fiv& years 56.574 131,082 87.991 159,736 13.500 187,656 261,227 18 Events after the reporting date Talkback UK Limited recèntly entered into a 4-year licence to occupy agreement with Sl Mary and Sl George's ChLJrch. The Iicence to occupy was signed after the year end on 8th April 2024, and it involves an annu commitment of £18.000 (excluding $8Nice costs) The total committed cost lo Talkback 15 £72,000. Under this agreement Talkback UK Limited have access lo the assigned land and buildings known as the Church and Chuichyard of St Mary and St George, Ruuand Avenue, High Wcombe HP12 3%A for designated time peiiod. The Ch8rily will benefit from savings of £48,400 per annum in rental costs at fv40 other local venues which will no longer be required. Overall annual sawngs lafter service charges) from the rnove will be approximately £25.400. 19 Relat•d party transactlons There were no dis¢losable related party transactions during the year12022 - none). 20 Cash generated from operation$ 2023 2022 Surplus for the year 41,463 88,495 Adjustments for.. Investment incorne recognised in statement of fin8n¢ial a¢tivSb"&s Amorbsation and impairment of intangible assets Depreciation and impairment of tangible fixed assets 12.1671 9,235 6,519 1291 1.385 3,442 Movements in wod(ing caprtal.. Ilncreaselldecrease in debtors {Decreasel in Creditors 1231) 17,9201 86,406 18,9631 Cash generated from operatlon¥ 4e,899 148,736 30- TALKBACK-UK LTD. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 21 Analysis of ¢hanges In n•t funds The charity had no debt during the year. 31