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 cam￿Idg•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 qU￿ty 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 Y￿r3 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 r￿ngagIng them and giving the same opportunities as everyone else. Adult devèlopment 8ervlces (21-75 years old} There are now 100 people with us every V￿ek in 20 different programmes across our Adult Development offer. relleding th8 quality of our SeN1￿5. 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 a￿ssing 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 C￿Ver 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 sU￿COmMittee, 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 apprOad￿rI0mInat1on, 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 a￿8$ 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-t￿daY 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 A￿UntIng 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 - p￿pare 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 ac￿untIng 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 her￿e 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 Finan￿81 Reporbng Starnsard applicabl8 in th8 UK and R￿Ub￿.¢ 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 requireff*nts. 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 Stste￿￿nts 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 COn￿M 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 infom*tion 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 direc*ors 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 n0nThcompliar￿e 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 r￿rnia1 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 NWJtLLL CXX J co i fL> rri •* 00 00 ra￿{rI￿}0011) JO￿r0 o(y oom 2F è2 xél 11 2 11 Ea> Z£ 05 &< L)< I ij 11 Ill I 00 >26 14) ill" 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-