Charlty rng18hllon numb•r 1093732 Company rngl•tr•tlon numb•r 04279266 (England and Wal••) TALKBACK-UK LTD. ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
TALKBACK-UK LTD. LEGAL AND ADMINISTRATIVE INFORMATION Mrs L J Hughe8 Mrs K L Jo8lln Miss E Sadhr Ms F Watson Mrs A L Cameron Miss E Chamod( (Appointed 3 F•bru8ry 2025) S•cr•tsry MrJHay Ch•rlty numb•r 1093732 Cornpany numbor 04279286 R•ght•Md offic• Am•rsham Communlty Centre Chlltem Av•nu8 Affffjrshom Buckingham8hlre United Klngdom HP6 SAH Audltor AzetsAudlt Ser¥ic•8 stpolnt Lynch Wood Peterborough camIdg•Shlra Unrted Klngdom PE2 6FZ
TALKBACK-UK LTD. CONTENTS Pag• Chairnian's ststement Trustees, report Statement of Irustees, respon8ibilitie8 Independent auditorfs r•port 8-10 Statement of ffnandal adlvttles 8alanc8 Sheet 13 Statement of Cash flows 14 Notes to the finandal statements 15-32
TALKBACK-UK LTD. CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 30 SEPTEMBER 2024 We present the Annual Financial Report for the year to 30 September 2024. Alongside this we would encourage you to read our Annual Impact Review, available on our website. which is full of Ihe possibilities our members can athieve and a more detailed look at the year. The environment in whith Talkback operates has becom8 increasingty challenging as Buckinghamshire Council has got into fjnancial diffiwlb'es. Their $hort-tefm response to this crisis, is to cut funds from the most vulnerable and least vocal areas of Ihe communty who we worf( with. This has seen a severe reductron in support to young people at the most crucial stage of their lives, as they transition from school into employment and volunteer work. The ongoing work done by the leadership team and staff allows us to ty and counter the negative consequences on each person and we remain extremely grateful for their passion and efforts. We have set oursefves up as an EOTAS (education other than at schooD provider so that we can take on young people directly. as so many of Ihem drop out of college. We are in the pro¢ess of getting registered as a specialist ollege. We are grateful for the support of funders, who have provided grants for running proieds and for the purchase of equipment. We cOgnIse the increasing pressur8s on funding bodies, and we actively look for ways b deliver our services more efficiently. induding through volunteer support. The volunteers who have joined us have made a huge positive impact. We also continue to look for new ways to raise income to improve our services and increase our reach. The Trustees, who are also directors of the charity for the purposes of the Companies Act 20(b. present their pOrt with the financial statements of the charity for the 12 months ended 30 Septemb8r 2024. The Trustees compty with the charivs Constitution. the Companres Ad 2006 and Reporting by Charities: Statement of Recommended Practrce applicable in the UK and Republic of Ireland {FRS 102 (update bullètin 2)). Mrs K L Joslin Interlm Chalr of Trustees Date: .
TALKBACK-UK LTD. TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The Trustees. who are also directors of the charity for the purposes of the Companies Act 20LK. present their report wilh the finanrAal statements of the charity for the year ended 30 September 2024. The Trustees compty with the charivs Consts'tutron, the Companies Act 2006 and Reporting by Charities.. Statement of Recommended Practlce applicable in the UK and Republrc of Ireland. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial ststements and comply with the charivs goveming document, Companies Act 2008 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chariiies preparing their acwunts In aGcordance with the Finanaal Reporting StarKlard applicable in the UK and Republic of Ireland {FRS 102)" (effe(#ive 1 January 2019). Objoctives and actlvltle8 The objectives and principal activities of Ihe charity are: To provide opportunities for aulistic Individuals and people with a 18arning disability to have their say on local services in the communty. To enable them to obtain their full rights and prrvileges as atizens through embedding the skills of self-advocacy. This is achieved by: • supporting and developing self-advocavy skills, providing opportunities for people to engage m8anY)gfully and participate. feeding into the planning, development and delNery of seNices. training and consultatron with a range of professionals and agencies, the wider community. and families to educate and raise awareness. Increasing the qUty of life experienced by peopl8 With a leaming dsability andl or autism, plus other disability groups. providing education suppor( personal development services, life skills and employment supporL Talkba¢k- Our Passion Talkback is a centre of leaming and development focused on two groups of undervalued people: autistic people and individuals with18arning disabilities. Our aim is for every person who joins the Talkback ioumey to become better equipped to lead the lrfe they want by helping them transition from each stsge to tt)e next. Our members have much to offèr, a$ a(*ive people in the community. including through Volunteeri and by being employees. To be recognised nalionally as a progressiv8 leaming ¢entre of excellence for the neuro diverse communty and adults with leaming disabililies. The Trustees have referred to the guidance contained in the Charities Commission general guidance on public benefft when reviewing the organisation's aims and objectives and are conffident that Talkback is oorrylying. We also follow the Code of Practic8 on Fundraising and are audited by Otsted, Bud(s County Council. and the Bucks College Group for the quality of our work. We have our own monthly quality assessments as well as those done annually by expert5 by experience - a trained group of people with lived experience who independently assess our servi, as part of our quallty improvemenL Aehlevements and perforniance All our stsff have been fvlty trained in safeguarding indudlng FGM, Prevent, Suicide. First Ald, Chlld Exploitation and Online Prolection Awareness, Equalty, Diversity and Indusivty. Our staff were also trained by the Terence Higgins Trust on Sex, Relationships and Gender. We achieved Excellence as a provider for our adult and operational support. 1Ole also maintained our outstsnding grade from Bu¢k$ County Council for our systems and processes around o)Ilege provlslon and stsff development.
TALKBACK-UK LTD. TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Our Programmes.. Young People {1645 Yr3 old) Our Equip programme. conlinues to deliver exciting and innovative educatron. employment and life skills sessions to young people aged 1&25 both with those at college and increasingly with those not wanting to attend college arKI who are looking for altemative joumeys. We have launched our own Specialist provision in response to recent changes at the Council and reductlon of days for the young people we support from 5 to 3 days. The drop out rate from colleges continues to be high and we think grvin9 people the right environment and ways of leaming are crucial. Our new Specialist Provision is doing that for 30 young people already including young people vtho were previousty not in education training or empk>yment (NEET). We are rngagIng them and giving the same opportunities as everyone else. Adult devèlopment 8ervlces (21-75 years old} There are now 100 people with us every Vek in 20 different programmes across our Adult Development offer. relleding th8 quality of our SeN15. Highlrghts of the year continue to be the Christmas and Summer shows and this year we also ran our first ever Talkback's Got Talent Show. Over 23 members got up on Stage to entsrtain an audience with jok8s, soTrJs. dance and sports demonstrations. The range of these services continues to grow. and we are delighted to have 18 members assing V*vrk experience opportunities at 5 different venues. We are extremely grateful to these organisations who have embraced Talkback and our members with open arnis. Sports Academy The Talkbad( Sports Academy has been a driving force providing Wel being. fun. indusive experiences and the opportunity to leam new skills. INe now run 12 sports and movement adivilie$. In addition to our annual sports day. we also ran in High Nltycornbe another Festival of Fun and Sport at the Wycombe Leisure Centre. This enabled Bud(s residents with any fom) of disabilty or neurTrdiverse condition to try out 12 different sports. Over 120 people attended and 64 people attended the follow up sessions as our aim is to get people to cary on being active. We are grateful to expert pariners who came, demonstrated and helped people have a go at sports ranging from bowls to dance and football to badminton to tennis. amongst others. We are so grateful to the financial supporters as well as the excellent and inspiralional intemal and extemal sports coaches. Employablllty - Supported Intomships We also launched our Supported Intemship scheme and now have 6 students into paid work study schanes. We also continue to provide Supported Employment for those in work. We work with every member to help them achieve their goals and ensure they receNe the same opportunities as everyone else. Rothschild provided funds to Talkback to delNer job dubs and support for autistic people between the ages of 18 and 25 who have no funding and are unemployed. This ended in September 2024, but it has already enabled us to help 16 young people into work out of 26. The saving to the SLqte is over £5m but it is a struggle to get anyone in the Council or DlilTr to See the cosl ben8ffls. The employment rate for our members is MO than double the national average for autistic individuals arKI people with leaming disabilities. This also indudes opening up access to volunteer opportunities and ongoing role$.
TALKBACK-UK LTD. TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Your Voice - Our Professlonal Servie Your Voice reaches out to the 5000 people wlth leaming disabilities and autistic people throughout Buckinghamshire and Milton Keynes who are not fvnded and lack support. We are engaging in work Viryth MK Council to help them build lasting solutions to problems that have been around for too long. We do this by helping organisations see the world through the eyes of autistic individuals and educating them on providing reasonable adjustments. We have completed development of new areas where there are gaps in provision for people with leaming disabilities and autistic individuals such as Grief and Loss and support after diagnosis. Talkback is an active member of Staying Healthy arKI Safeguarding Boards and involved in a range of Preparing for Adulthood work groups. We ntInUe to work with MK Council on creating a communty that is a best practice example for autistic people. Flnanclal revlew Talkback's plans for the 12 months to 30 September 2024 Mntinued the mediunFt8m plan to build a resilient. sustainable and innovative organisation. Ensuring effecaive Cost Control, particularly of overheads. remains paramount. Talkback finished the year with a total in¢ome of £1.911.860 and a net surplus £52,353. The Finance Committee and Board of Trustees maintained overnight of Talkback's finances and satisfied themselves it continues to operate efficienlly and effedively, balancing the immediate need to delpier servi$ and support to ts members with du8 regard to the longer-tem financial health of the charity. We are grateful to Az8ts. our atKlitors, for their continuing professional help in moving us fonvard. We would lik8 lo t8ke this opportunty to thank our prinupal funde during this last year. We are grnteful for the support of each of the Counuls and Commissionw3. They arn under confrnual pmssum to deliver rn0 with less and continue to make a pow'bve impact which is often not recognised. Funders who we need to thank this year indude: Bally Thomas Charitable Fund Bardays Communty Foott)all Fund Buckinghamshire Council Community Action MK C(kop Local Communty Fund Dan Maskell Tennis Trust DVI Findlay Park Investment Management Heart of Bud(s- Communty Foundation for Buckinghamshire Heart of Bucks- BP Collins Fund High Wycombe Communty Board Mencap Milton Keynes Council NHS BLMK ICB The Nineveh Charitable Trust The Rothschild Foundation The Screwfix Foundatlon We received additional fvnding through onfroff pieces of work, donatrons. and training and by paople undertaklng events for us. We are humbled by their support. We would also Ilke to thank several private groups and parents for their conllnued Support.
TALKBACK-UK LTD. TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Reserves polley In line with the SORP developed by the Charity Commission, our Trustees ensure reserves are set askle for our long-tem financial viability. It is the policy of the charity that unr8Strided funds which have not been destgnated for a specific use should be maintained at a18vel equivalent to belween three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in furKling, th8y will be able to continue the chaiity's current activtties while nsideratIon is given to ways in whrch additional funds may be raised. This level of reseThes has been maintained throughout the year. To address the uncertainty in funding streams, from the social care sector. propety requirements and the workplace pension stheme, the Trustees feel a general fvnd reserye of no less than £150k should be always maintained to CVer belween 15 and 75 days essential expenditure, this exdudes nt and the pension commitment as Ihese are [ered by separate resepies. Actual available reserves at the year end were £814.619. which is within the range set out by the reserves policy. Risk managemont The risks for the organisation are regularty reviewed by the Board. Chief Execxrtive. Finance and SIneSS Managers and indude Strategy. Govemance. Operations, Stsff. OTganisational Culture and Finance. These results are scrutinised by the Risk and Audit Subcommittee to make sure risks are mitigated or revievied and actioned each quart8r. The Twstees ensure that there are set policAes, procedures. and insurances in place to mitigate rrsks. The Finance sUCOmMittee, thaired by the Treasurer Trust88 carries pOnsIbIlity on behalf of, and reports to, the Board regarding the management and review of finanrjal risk. Structurei govornance and management The charity is controled by its goveming document. a deed of trust, and constiiutes a limited company. limited by guarantee. as defined by the Companies Act 2006. The trustees. who are also the directors for the purpose of company law. and who served during the year and up to the date of signature of the financial statements were: Mrs L J Hugt*s Mrs K L Joslin Miss C Daniels Miss E Sadler Ms F V4latson Mrs A L Cameron Ms M A Collard Mr M R Sparkes Mr M Togsverd Miss E Chamock (Reslgned 3 February 2025) (Resigned 30 April 2024) (Resigned 20 May 2024) {Resign8d 30 April 2024) (Appointed 3 February 2025)
TALKBACK-UK LTD. TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 In awdance with the Artides of Association. the rnanagernent of the charity Is carrled out by a Management Committee of voluntsry directors. who are also Trustees. They arn appointed in accordance with the Artides of Association. Talkback is also a Company Limited by Guarantee. Recruitsnent is by personal apprOadrI0mInat1on, advertisement and usiNJ specAalist CrUItment services for the voluntary sector. Talkbai*'s induction programme introduces new trustees to the Talkback Team and to the activities of the organisation. As an organisatron working for and wilh people with a leaming disability. involvement in the activities is essential to understanding the organisation. This includes being fully involved wrth the Management Groups. All Trustees complete an application fom and provide a full CV. Before appointment. they attend a Board meeting 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 current and required skills to rèmain relevant and identrfy new requirements in response to any development a8$ and new opportunities. The skills audit. job descriptions and person speclfication are updated to refiect this. Organlsatlonal structure and how decl8lons are made: The Trustees delegate the daY-tdaY running of the organisation to the Chief Executive, Jeremy Hay. The Management Committee is responsible for taking decisions in the areas of govemance, strategic planning. financial and rrsk management. There are three subcommittees (XNering finance. audit and risk and Servi Ideation Each Talkback localty has its own Management Group (people with a18aming dtsabilty and autith indNiduals) to act as a lead on the development and direction of Talkbad(. Auditor In accordance with the companys artides. a resoluiion proposing that Azets Audit Services be reappointed as audltor of the company wiTh be pul at a General Meeting. The trustees, report was approved by the Board of Trustees. Mrs K L Joslin Trustse
TALKBACK-UK LTD. STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees. who are also the directors of Talkback-UK Ltd. for the purpose of company law, are responsible for preparing Ihe Trustees, Report and the financial statements in accordance with applrcable law and United Kingdom Accounting Standards (United Kingdom Generalty A¢¢epted AUntIng Practice). Company Law requi the trustees to prepare financial statements for each financial year whr¢h give a tru8 and fair view of the state of affairs of the tharity and of the incoming resour and application of resources, including the income and expenditure. of the charitable Company for that year. In preparing these financial statements, the trustees are required to: - seled suitable accounting policres and then appty them consistenty; - observe the methods and prinaples in the Charities SORP., - make judgements and estimates that a reasonable and prudent; state whether applicable UK Accounting Standards have been followed. subj'ect to any material departures disdosed and explained in the financial staternents. and - ppare the financial statements on the going concem basis unless it 1$ inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate acuntIng records that disdose with reasonable accuracy at any time the financial posilion of the charity and enable them to ensure that the financial statements compty with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and here for taking reasonable steps for the prevention and detection of fraud arrfj other irregularities.
TALKBACK-UK LTD. INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF TALKBACK-UK LTD. Oplnlon We have audited the financial statement$ of Talkbad(-UK Ltd. {the 'charity) for the year ended 30 September 2024 which comprise the Statement of financFal actNities, the balance sheet, the statement of cash flows and notes to the financial statements, induding significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Finan81 Reporbng Starnsard applicabl8 in th8 UK and RUb.¢ of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements.. give a true and fair view of the state of the charitable companys affairs as at 30 September 2024 and of its incoming resources and application of resources, for the year then ended: have been properly prepared in accordance wilh United Kingdom Generalty Accepted Accounting Practi. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors rnspon&"bilihès for the audit ol the finanoal statements section of our report. We are independent of the charity in accordance with the ethical requirements that a relevant to our audit of Ihe financial statem8nts in the UK, induding the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requireffnts. INe believe that the audit evidence we have obtained is sufficient and appropriate to Provide a basis for our opinion. Conclusiorvj relating to golng concem In auditing the financial statements. we have conduded that the trustees, use of the going concem basis of accounting in the preparation of the financial Ststents is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectivety. may cast swnificant doubt on the charivs abilty to continue as a going COnM for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibililies and the responsibilities of the tmstees with respect to going concem are described in the relevant sections of this report. Other Inforniatlon The other infomiation comprises the infomation Included in the annual report other than the finarrial statements and our auditorfs report thereon. The trustees are responsible for the other infomiation contained within the annual report. Our opinion on the financial statements does not cover the other infonnation and we do not express any fonn of assurance condusron thereon. Our responsibility is to read the other infomation and. in doing so. consider whether the other information is materialty inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materialty misstated. If we identify such materlal inconsistencies or apparent material misstatements. we are required to detennine whether this gives rise to a materBI misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other Infomation. we a requtred to report that fact. We have nothing to report in this regard. Matters on whlch arn requlr•d to report by exception Vle have nothing to report in respect of the folowing matters In relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you rf. in our opinron: the infomtion gNen in the financial statements Is Inconslstent 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 a(%ounting records: or we have not ceiVed all the information and explanations we requlre for our audit.
TALKBACK-UK LTD. INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF TALKBACK-UK LTD. Responslbllftles of tru8tèe8 As explained more fvlly in th8 Statement of trust8es' responsibilities, the trustees. who are also Ihe direcors of the tharity for the purpose of company law. a responsible for the preparaiion of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees detennine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charrty's ability to continue as a going concem, disclosing. as appltcable, matters related to going concern and using the going concern basis of accounting unless the twstees either intend to liquidat8 the d)aritable Company or to cease operations, or have no realistic altemative but to do so. Auditorfs responslbllltles for the audft of the financial statements We have been appointed as auditor under sedion 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material miss&ement, whelher due to fraud or error, and to issue an auditors report that includes our opinion. Reasonable assurance is a high 18vel of assurance but is not a guarantee that an audit conducted in acurdance wrth ISAS (UK) will ahvays detect a material misststement when it exists. Misstatements can arise from fraud or error and are considered material rf, indivKlually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilitres Is available on the Financial Reporting Council's website at.. httpsjl w4vw.froorg.uklauditorsresponsibilities. This description forms part of our auditorfs report. Extent to which the audit was conslderèd eapable of detscting irregularitles, Including fraud Irregularities, induding fraud, are instances of n0nThcompliare with laws and regulations. Vle design procedures in line with our responsibilities, oullined above and on the Financial Reporting Council's website. to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entty. its actNities. ts control environment. arKI likety fvture developments, induding in relation to the legal and regulatory framework applicabl8 and how the entty is complying with that framework. Based on this understanding. we idenlify and assess the risks of material misststement of the financial statements. whether due to fraud or error. design and perfonn audit procedu$ responsive to th(YJe risks, and obtain audit eviden that is sufficient and appropriate to provide a basis for our opinion. This indLKles nsideration of the risk of acts by the entty that were contrary to applicable laws and regulations, including fraud. In response to the risk of irregularitres and nonwcompliance with laws and regulations, including fraud. we designed procedures whith included: Enquiry of rnanagement and those charged with governance around artual and potential Irtigation and daims as well as actual, suspected and alleged fraud; Reviewing minutes of me8ting$ of those charg8d with govemance. Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the enw through enquiry and inspection; Reviewing financial statement disdosure$ and testing to supporting documentation to assess complran with applicable laws and regulations: Perfoming audit work over the risk of management blas and override of controls, including testing of joumal entries and olher adjustments for appropriateness, evaluating the business rationale of significant transactions outslde the rrnia1 course of business and revlewing accounts'ng estimates for indicators of potential bias. Because of lh8 inherent limitations of an audit, there is a rrsk that we will not detect all irregularities, Including those leading to a material misstatement in the financial statements or no[CoMpliance with regulation. This risk increases the more that compliance with a law or regulation 1$ removed from the events and transactions refieded in the financial statements. as we will be less likely to become aware of Instan¢es of non<ompli8nce. The risk of not detecting a material misstatement resutting from fraud Is higher than for on8 r8sulting from error. as fraud may involve collusion, forgery. intentional omissions, misrepresentations. or Ihe override of intemal control.
TALKBACK-UK LTD. INDEPENDENT AUDITOR'8 REPORT (CONTINUED) TO THE TRUSTEES OF TALKBACK.UK LTD. U•• of our r•port This report is made solety to the charW8 Iruslees. as a body. In acrdanCe wilh part 4 of th• Charttlos (Accounts and Reports) Regulatlons 2008. Our audit work has been undertaken so that we mlght state to the charitys trustees those matters we are requlred to state to them in an audltofs report and for no other purpose. To the fullest extent permitted by law, we do not accept or ass8 responsibility to anyone other than the charity and the ¢harlty'8 tru81e as a l)ody. for our audit work. for this report. or for th8 oplnlons we have fomed. Mr Mark Jack•on FCA DChA (Senlor Statutory Audltorl for and on b•half olAz•ts Audlt S•rvlc•• 21 /s1.2 Chart•r•d Acmuntants Statutory Audltor Westpolnt Lynth Wood Petert)orough Cambrfdgeshlre United Klngdom PE2 8FZ Azet$ Audit Servic•8 ellglble for appointrnent as audltor of the charfty by virtu• of its ellglbHty for appointm•nt as auditor of a Mmpany under sedion 1212 of the CompaniesAct 2006. 10-
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TALKBACK-UK LTD. BALANCE SHEET AS A T 30 SEPTEMBER 2024 2024 2023 Flxed as80ts Intangible assets Tangible assets 11 12 65.168 24.229 70.157 18.549 89,395 88,706 Current as8èts Debtors Cash at bank and in hand 13 172,354 793.458 236,555 675.077 965,812 911.632 CredltorJ". amounts falllng due wlthln one year 14 (88.034) (83.518) Net current assets 879.778 828.114 Total assèts less current Ilabllities 969,173 916,820 Incom• funds Restricted funds Desrgnated fund5 15 49,229 105,325 76,194 7.250 General unrestricted funds 814,619 833,376 814,819 833.376 969.173 916.820 The company is entided to the exernption from the audit requirement ntaIned in section 4T1 of the Companies Act 20(, for th8 year ended 30 September 2024, although an audit has been carried out under section 144 of th8 Charities Ac* 2011. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to aCUntIng records and th8 preparation of fjnancial statements. 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 wlth the provisions applicable to companies subject to the smau companies regime. 6-g-zD2< The financial statements were approved by the Trustees on ......................... Mrs K L Joslin Trust•• Company roglstratlon number 04279266 13-
TALKBACK-UK LTD. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Not•• Ca•h flo from op•ratlng actlvltl•• Cash generated from operntions 134,522 46,899 Inv••llng aclJvlll•• Purthase of intanglble assets Purchase pf tangible fixed assets Investment Income received (11.072) (18.759) 11,690 (79,392} (11.70T) 2.167 Net ca•h u••d In Inv••tlng •¢tlvltl {16,141) (88,932) N•t ca•h uts•d In flnandng a¢fjvhl N•t In¢r•aMI{d•cr•a••l In ca•h and cash •qulvahnts 118,381 (42,033) Cash and rash equlvalents at beglnning of year 675,077 717,110 C••h and ¢uh •qulval•nts at end of year 793.458 675,077 14-
TALKBACK-UK LTD. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Ac¢ountlng pollcl•s Charlty Inforniation Talkback-UK Ltd. is a private company limited by guarantee incorporated in England and Vlales. The registered offio is Amersham Community Centre, Chiltem Avenu8, Amersham, Bu¢kinghamshire. HP6 5AH. United Kingdom. 1.1 Accountlng conventlon The finanaal statements have been prepared in accordance with the charitys govemlng do¢ument. the Companies A¢t 20(, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" {'FRS 102) and the Charities SORP "Accounting and Reporting by Charities: Ststement ol Recommended Practice applicable to thatities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefft Entty as defined by FRS 102. The financial statements are prepared in slerling, which is the functional currency of the charity. Monetary amounts in these finanrAal statements are rounded to the nearest £. The financial statements have been ppared under the historical cost ¢onvention. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trtees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charltable furKIs Unrestricted funds are available for use at the discretion of the trustees in furtherance of their tharitable objectives. Desrgnated funds MpriSe funds which have been set aside at the discli0n of the trustees for specific purposes. The wrposes and uses of the designated funds are set out in the notes to the financial statements. Restricted funds are subject to spaufi¢ conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the finanoal statements. 1A Income Income is recognised when the charity is legally entiued to it after any perfomiance conditions have been met. the amounts can be measured reliably. and it is probable that income will be received. Income from grants is recognised at fair value when the Charity has entitlement after any perf0mnCe condits'ons have been met, it is probable that the income will b8 receNed and the amount can be measured reliably. If entillernent is not met then these amounts are deferred. Income received in exchange for supptylng goods and services is recognised when entitlement has o¢¢urred. Cash donations are recognised on receipt. other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation. Legacres are recognised on receipt or otherwise rf the charity has been notified of an impending dbtribution, the amount is knthvn, and receipt is expected. If the amount is not known. the legacy is treated as conlingent asset. 15-
TALKBACK-UK LTD. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 A¢¢ounllng pollcles (Contlnuod) 1.5 ExporKllture Allocatron and apportronment of costs here costs cannot be direth attributed to particular headlngs they have been allocated to advlties on a basis consistent with use of the resources. Administration costs are apportioned to program costs as follows: Salaries - Govemance 80% of CEO salary. 22% of Head of Finance salary. Remaind8r is support Depreciation- 100Yo SUPPOrt Building Costs - lo support Communrcatron s8rvices- 20010 SUPPOrt, 800A direct (based on Postage, printing & Stationery- 20% support, 80•h direct (based on FTE) Sundry expenses- 20% support. 80% dire& (based on FfE) Travelling - 21Y/• SUPPOrt, 800h direct (based on FfE) Accounting & payroll - 1000A support Consuhancy- 100% support Other support ¢osts- 20% support. 80% direct (based on FfE) 11JOQ/• direct 100•/0 direct 1000h direct 100°A govemance Insurance- Marketing- Audit fees- Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliabty. Expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate al cost related to the category. Vth8re costs cannot be directly altributed to particular headings they have been allocatad to actniitie$ on a basis (¥Jn$istent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not acuued as exp8fKliture. 1.6 Intangible fixed assets other than goodwlll Intangible assets acquired separatety from a business are recognised at cost and are subsequenty measured at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised so as to write off the Cost or valualion of assets less their residual values over their useful lives on the following bases: Software 20% on Cost 1.7 Tanglblo fixed assèts Tangible red assets are InltlaHy measured at cost and subsequently measured at cost or valuation, net of depreciation and any impainnent losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Leasehok4 improvements Plant and equipment Computers over the lease tem 209/0 on Cost 330/• on cost 25% on cost Thé gain or loss arising on the disposal of an asset Is detemiined as the difference between the sale proceeds arKI the carrying value of the asset. and is re(nised in the statement of financlal adivities. 18-
TALKBACK-UK LTD. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounllng pollclos (Contlnued) 1.8 Cash and cash ¢qulvalents Cash and cash equivalents include cash in hand, deposrts held at call with banks. 1.9 Flnanclal Instruments The charity has elected to appty the provisions of Sedion 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial Instruments. Financial instruments are recognised in the charitys balance sheet when the charity becomes party to the contraclual provisions of the instmment. Financial assets and liabilities are offset, with the net amounts presented in the finan¢ial statements. when there 1$ a legalty enforceable right to set off the cOgnised amounts and there is an intention to settle on a net basis or to realise the asset arKI settle the liabilty simultaneously. Basic finanei41 assets Basic financial assets. whith include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transadion is measured at the present value of the future receipts discounted at a market rate of interest. Finan(aal assets dassified as receivabl8 wrlhin one year are not amortised. Basic financial Ilabllltles Basic financial liabilities. including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrurnent is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilrties classified as payable within one year are not amortised. 1.10 Employee ben¢fft¥ The cost of ary unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefrts are recognised immediatèty as an expense when the charity is demonstrably committed to teminate the employment of an employee or to provide temiination benefits. 1.11 Retirement beneflts Payments to defined contribution retirement benefft schemes are charged as an expense as they fall due. 1.12 Leases Rentals payable under operating leases. Induding ary lease incentives received, are charged as an expense on a straight line basis over the tenn of the relevant lease. Crttlcal ae¢ounling utimates and Judgements In the application of the charitys accounting policies, the trustees are required to make judgements, estimates and assumptions about the carying arnount of assets and liabilities tt1 are not readily apparent from other sources. The estimatès and assorAated 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 undertying assumpllons ara reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects cmly that period, or in the period of the revision and future periods where the revision affects both current arKI fLrture periods. 17-
TALKBACK-UK LTD. NOTES TO THE FINANCIAL STATEMENT8 (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 CharfLiblo aclfvltl 2024 2023 Grant funding Fees 217,597 238.267 1,656.118 1,742.799 1,873,715 1.981,068 Anatysl8 by fund Unrestrlcted fund8- general Unrestrlcted fund8- designated Restricted funds 1,656,845 1.741,628 3.900 212,970 239,440 1,873,715 1,981,086 P•rfOrnIan r•latod grant• Mllton Keynes Council The Rothschild Foundotlon High Wycombe Communty Board Festival of Sport H•art of Buck$ Young Futures Amernham and lIageS Communlty Board 59.000 50,000 8.398 54.250 1Crf).000 125,732 154.250 Invutm•nts Unr••trlct•d Unr••trl¢t•d fund• fund* g•norn1 g•n•ral 2024 2023 Interest receNabl• 11.890 2.167 19-
TALKBACK-UK LTD. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charftabh a¢tivFtie8 Program costs 2024 Support Total 2024 Program costs 2023 Support CO8t3 2023 Total 2023 2024 staff costs Rent and utilities Insurance Comrnunicati<)n seNices Postage. printing & stationery Subscriptions and publi110n$ Sundries Recruitment Equipment and office costs Travelling Personal development Consultancy o)sts IT costs Other costs 1,040,918 150.789 5,142 1,040.918 150,789 5,142 1.171,577 158,577 4,668 1,171.577 158,577 4,380 4.380 2,730 2,730 1,350 1.959 1.959 40,520 6,370 5,107 40.520 6.370 5,107 36,179 3,641 8.789 36,179 3,841 8,789 50,210 29.895 20,418 15,888 53,684 209 50.210 29,895 20.418 15.888 37,449 35,188 22.646 22.452 45,012 37,449 35,188 22.452 45,012 209 1.424,880 1,424.880 1,550.867 1,550,887 Share of support costs (see note n Share of govemance osts {see note 7) 330.730 330.730 317.519 317,519 103.697 103,697 85.373 85.373 1.424,880 434,427 1,859.307 1,550.867 402,892 1.953,759 Analysls by fund Unrestricted funds - general Unrestricted fund8- designated RestriGted fvrKIs 1.176,518 434,427 1,610.945 1,298.572 402.892 1,701,464 10.228 238.134 10,228 238,134 5.235 247,060 5.235 247.060 1,424,880 434,427 1,859.307 1,550.867 402.892 1.953,759 -20-
TALKBACK-UK LTD. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Support costs Support Governance costs costs 2024 Support Govèman¢e costs costs 2023 Staff costs Depreciation Communication seNices Postage, printing & stationery Sundries Travelling Acwuntancy and payroll Bad debts Consultancy costs Other support costs Building sts 282,615 27,142 1.095 87,503 370.118 27,142 1,095 297,188 15.754 71.836 369,004 15.754 8T1 447 555 3,353 (9,609) 877 447 555 3,353 (9,609) 504 473 3,365 (243) 1.565 6.682 7,047 473 3,385 {243} 6,682 7.047 8.290 8.290 Audit fees Consultancy costs 16,194 16.194 13.313 224 13.313 224 330,730 103,697 434.427 317,519 85,373 402,892 Anatysed between Charitable actNities 330.730 103.697 434,427 317.519 85.373 402,892 Govemance costs indudes amounts charged by the auditors of £11,520 (2023- £10.800) for audit fees and £3,480 {202& £2.513) for accounting services. Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. No trustees were reimbursed any expenses during the year (202& £nil). The tharitys insurance cover includes Trustees, indemnity insurance. The ¢o$t associated with this cover fomis part of the overall insurance premium paid by the charity and cannot be estimated (2023- same). Employee8 The average monthty numb8r of employees during the year was: 2024 NuMr 2023 Number 65 71 21
TALKBACK-UK LTD. NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Employees (Contlnuod) Employment ¢o•ts 2024 2023 Vlages and salaries SLKial security cost$ Olher pension costs 1.270.192 113.823 27,021 1.400.423 112,179 27.979 1,411.036 1.540,581 Key Management Personnel MUneration in the year totalled £274,300 {2023- £332,905) The number of employees whose annual remuneration (including beneffits but exduding employer pension contributions) was more than £60,000 1$ as follows.. 2024 Number 2023 Number £70.001- £80.000 10 Taxatlon The ¢harity is exempt from tax on income and gains falling within section 505 of the Taxes Ad 1988 or section 252 of the Taxation of Chargeabl8 Gains Act 1992 to the extent that these are applied to its charitable objects. 11 Intangibl• ilxed assets 8oftwar• Cost At 1 October 2023 Addittons- separatety acquired 87,702 11.072 At 30 September 2024 98.774 Amortisation and Impalrni•nt At 1 October 2023 Amortisation charged for the year 17.545 16,063 At 30 September 2024 33.808 Carrylng amount At 30 September 2024 65,166 At 30 September 2023 70,157
TALKBACK-UK LTD. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 12 Tanglble flxed a88ets L•M•hold Improv•m•nts Pl•nl and Comput•rn equlpm•Dt Total Cost At 1 Octob8r 2023 Additions 18.534 19.014 5.283 4,205 11,496 39,753 16.759 At 30 September 2024 16.534 24.2TI 15,701 56,512 Depreciation and Impairnient At 1 October 2023 Depreraation charged in the year 11,596 6,106 2.962 2.853 21,204 11,079 2,120 At 30 September 2024 8,766 17.702 5,815 32.283 Carrylng amount At 30 September 2024 7.768 6.575 9,886 24,229 At 30 September 2023 9,888 7,418 1.243 18,549 13 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtQT5 Other debtors Prepayments and accrued income 35.797 4.678 131.879 62.937 4,678 168,940 172.354 236.555 14 Creditors: amounts falllng due wlthin one year 2024 2023 Other taxation and social security Trade creditors Other creditors Ac(xuals and deferred income 19.449 30,630 7.110 28,845 23,910 16.048 8.254 35,306 86.034 83.518 -23-
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TALKBACK-UK LTD. NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 18 Operntlng lease commitments At the reporting end date the charity had outstanding commitments for future mlnimum lease payments under nonuncellable operating leases, vthich fall due as follows: 2024 2023 thin one yèar Belween two and fve yea 71.834 160.516 56,574 131,082 232.350 187,856 19 Related party trnn8aetlons There was one di6dosable related paty transactions during the year (2023 - none). During the year the charity spent £4.752 with Braywid( Heath Nurseries Ltd, a company of which one of the Trustees is a director. 20 Cash generatod from oporatlong 2024 2023 Surplus for the year 52,353 41,483 Adjuslments for. Investment income recogntsed in statement of financial activities Amortisation and impaiment of intangible assets Depreciation and impaiment of tangible fixed assets (11.690) 18.063 11.079 {2,16n 9,235 6,519 Movements in working capital: De¢reasel(increase) in debtors Increasel(decrease) in creditors 64.201 2,516 (231) {7,920) Cash genorated from oporatlons 134.522 46,899 21 Analysis of change8 In n•t funds The charity had no debt during the year. -32-