2021-07-31-accounts - Straight Talking Peer Education

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Company no. 04978681 Charity no. 1101728

STRAIGHT TALKING PEER EDUCATION

ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2021

STRAIGHT TALKING PEER EDUCATION CONTENTS

	Page
Legal and Administrative Information	1
Report of the Trustees	2-4
Statement of Financial Activities	5
Balance Sheet	6
Notes to the Financial Statements	7-12

STRAIGHT TALKING PEER EDUCATION LEGAL AND ADMINISTRATIVE INFORMATION

Charity Number	1101726
Company Number	04978681
Registered Office	86-90 Paul Street
	London
	EC2A 4NE
Trustees
Chairperson	Peter Glynne
Members	John Botterill
	Judith Corlyon (resigned	18/08/2020)
	Pelagia Katsaouni-Dodd	(resigned 22/10/2020)
	Rita Mozda (resigned 19/10/2020)
	Shaun Spalding (appointed 1 September 2020)
	Dr Aayesha Hassan (appointed 20 October 2020)
	Lauren Park (appointed 19 October 2020)
	Caspar Barrington (appointed 18 February 2021)
Company Secretary	John Botterill
Principal Staff	Ruth Lowe	Chief Executive
Bankers	Lloyds TSB Bank plc
	402/404 Ewell Road
	Tolworth
	Surrey
	KT6 7HG

STRAIGHT TALKING PEER EDUCATION

REPORT OF THE TRUSTEES

For the year ended 31 July 2021

The Trustees present their report and financial statements for the year ended 31 July 2021. The Trustees, who are also directors of the charity for the purpose of the Companies Act 2006, submit their annual report and the financial statements of Straight Talking Peer Education (the company) for the year ended 31st July 2021. The Trustees confirm that the annual report and financial statements of the company comply with current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP).

OBJECTIVES AND ACTIVITIES

Objectives of the Charity

The principal aim of the charity is to preserve the health and advance the education of young people in particular by the provision of courses on the impact of pregnancy, parenting and sex education for such young persons, their parents, guardians and other professionals in this field.

Mission Statement

Straight Talking employs teenage parents to educate young people about early parenthood; enabling them to make responsible choices.

STRATEGIC PRIORITIES

To be an effective provider of high quality preventative peer education, presenting the realities and implications of pregnancy and parenting to teenagers in the UK, in order to reduce conception rates.
To ensure that teenage parents are equipped with the skills, support and information necessary to break the vicious circle of poverty, lack of education, and discouragement and become emotionally secure and financially independent
To become the expert voice on teenage pregnancy in the UK by providing access to the best up-to-date information and knowledge to professionals, young people, the general public and media

ACHIEVEMENTS AND PERFORMANCE

Straight Talking has had another very difficult year.
Covid having struck in March 2020, schools closed for the remainder of the academic year. From September 2020 schools declined all unnecessary visits which therefore precluded our peer education in schools.
Access to the offices was not available, so that staff had to work from home. The lack of a networked computer system hindered greatly.
Staff were furloughed from 1[st] April 2021 to take advantage of the Government JRS (Job Retention Scheme).
Trustees meetings were held online, and an awayday for Trustees held online in October 2020.
This all continued throughout our financial year to July 2021.
To reduce costs the offices were discontinued in January 2021.
Use was made of our Social Media by Staff to keep in touch with Peer Educators so they were not isolated.
Our digitisation of our courses continued apace, which meant that a good number of courses were delivered to schools via online, but this was far less favourable than actual presence in schools.
Fundraising suffered greatly. Charities’ priorities were directed elsewhere at this time. The new CEO did not have the same handle on fundraiser contacts.
Straight Talking commenced offering its ‘Healthy Relationships’ course independently of Teenage Pregnancy courses.
Other courses developed were : Knife Crime and Gang Culture
Leaving Care
Work continued in West Midlands using our link with Gateway. And in Hastings area using our link with Eggtooth.
Senior staff resigned during this difficult time : The assistant CEO and the Social Media officer resigned in January 2021, and the Finance Officer May 2021. In view of dwindling resources they were not replaced. This therefore placed added workload on the CEO.

STRUCTURE,GOVERNANCE AND MANAGEMENT

Straight Talking Peer Education is a company limited by guarantee. Its operation is governed by a Memorandum and Articles of Association.

The Board of Trustees are responsible for the financial and s trategic management of the charity; board meetings being held every two months. Decisions at Trustees meetings are usually made by consensus but should there be a difference of opinion, then by simple majority vote. Decisions and actions are recorded in formal minutes.

A new trustee may only be appointed on the nomination of an existing trustee and seconded by another trustee. New trustees are elected to the board by a simple majority vote of existing trustees. No other organisation or body has the right to appoint trustees of the charity.

FINANCIAL REVIEW

The accounts show a decrease in income of £106,516 from £136,480 in August 2020 to £29,962 in July 2021.

RESERVES

The Reserves being only £29,962, Trustees reviewed the situation carefully. Offices had been discontinued, senior staff reduced to just the CEO, junior office staff furloughed.

Trustees drew attention to and questioned the lack of successful fundraising, but it was difficult because of the remote working to accurately ascertain the situation.

Considereation was beginning to be implemented to winding up the charity – either to close completely, or to merge with another, perhaps our partners in West Midlands or in Hastings.

INVESTMENT POLICY

The reserves of the charity are held in a interest bearing deposit account with Lloyds TSB. However due to the prevailing lower level of interest rates for 2020-21 our bank interest earned in the financial year was only £28.

TRUSTEES’ RESPONSIBILITIES

Company law requires that the trustees prepare accounts for each financial period which give a true and fair view of the state of affairs of the company as at the end of the financial period and of the income and expenditure of the company for that period. In preparing those accounts, the trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts.
Prepare the financial statements on the going concern basis, unless it is inappropriate to presume the charitable company will continue to operate.

The trustees are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Straight Talking Peer Education Limited is a registered Company, limited by guarantee. Members of the Company have guaranteed the liabilities of the Company up to £1 each.

This report is prepared in accordance with the exemptions available to companies subject to the small companies regime within Part 15 of the Companies Act 2006

Signed on behalf of the Trustees

…………………………………

J BOTTERILL – Company Secretary

5. STRAIGHT TALKING PEER EDUCATION

STATEMENT OF FINANCIAL ACTIVITIES Incorporating the Income & Expenditure account For the year ended 31 July 2021

	Notes	Reestricted	Unrestricted	Total	Total
		Funds	Funds	Funds	Funds
		£	£	£	£
INCOMING RESOURCES
Incoming resources from generated funds:
Voluntary Income:
Grants and Donations	2	30,097	24,232	54,329	293,894
Activities for generating funds:
Other Trading Activities		-	685	685	-
Miscellaneous income			713	713
Interest		-	28	28	308
Incoming resources from
charitable activities	2	-	1,183	1,183	4,585
Total Incoming Resources		30,097	26,128	56,225	298,587
Resources Expended	3
Cost of generating voluntary income		7,550	950	8,500	10,7025
Cost of charitable activities		14,950	97,557	112,507	317,107
Governance of the charity		20,070	21,664	41,734	20,885
Total Resources Expended		42,570	120,171	162,741	327,810
Net Incoming Resources for the year		(12,473)	(94,043)	(106,516)	(29,222)
Reconciliation of funds
Total Funds brought forward		28,574	107,906	136,479	165,702
					_____
TOTAL FUNDS CARRIED FORWARD
AT 31.7.2021		£16,101	£13,863	£29,962	£136,480
		=====	=====	=====	=====

The charity incurs only minimal support expenses for fundraising. It incurs direct costs comprising fundraisinbg charges and the CEO’s staff time spent on this function. Costs are allocated accordingly.

All amounts relate to continuous operations. The charitable company has no recognised gains and losses other than those included above and therefore no separate statement of total recognised gains and losses has been presented.

The notes on pages 7 to 12 form part of thses financial statements.

STRAIGHT TALKING PEER EDUCATION COMPANY NUMBER: 04978681

BALANCE SHEET As at 31 July 2021 TANGIBLE FIXED ASSETS CURRENT ASSETS Debtors Current asset investments Cash at bank and in hand TOTAL CURRENT ASSETS CREDITORS Amounts falling due within one year NET CURRENT ASSETS NET ASSETS FUNDS Restricted Funds Unrestricted Funds:	Note 2021 2020 £ £ 8 504 504 10 - 19,965 20,603 50,579 9,637 82,767 30,239 151,311 11 781 (15,336) 29,458 135,976 ______ £29,962 £136,480 ===== ====== 12 16,101 28,574 13,861 107,906 ------------- ------------- £29,962 £72,814 ===== =====

For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

Approved by the Board of Trustees on 15 August 2022……….. and signed on its behalf by

………………………………….. John Botterill – Trustee

STRAIGHT TALKING PEER EDUCATION

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 July 2021

ACCOUNTING POLICIES

The following accounting policies have been applied consistently in both the current and preceding years.

a) Accounting Convention

The financial statements have been prepared under the historic cost convention and in accordance with applicable accounting standards in the United Kingdom, the Statement of Recommended Practice (revised 2005) for Accounting by Charities and Companies Act 2006.

b) Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees to further the strategc objectives of the charity.

Restricted funds are funds subject to specific restrictions imposed by donors. The purpose and use of the restricted funds is set out in Note 9 to the financial statements.

c) Income and Expenditure

All income is accounted for as soon as the charity has entitlement to the income, the amount is quantifiable and there is certainty of receipt. Donations in kind are recognized at the value to the charity and are included in both income and expenditure.

Expenditure is accounted for on an accruals basis.

Direct charitable expenditure comprises all expenditure relating to the objects of the charity, including costs incurred in supporting charitable activities. Other expenditure comprises fund raising and expenditure on the governance of the charity. Where expenditure cannot be directly attributed to a single activity, it is allocated between activities on a basis consistent with the use of resources.

d) Reserves

The management committee have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity should be between 3 and 6 months of the resources expended. At this level, the management committee feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. It would obviously be necessary to consider how the funding would be replaced or activities changed.

e) Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset systematically over its expected useful life, as follows:

Fittings, fixtures & equipment - 33 ⅓rd straight line basis

f) Pension scheme

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

g) Operating leases

Operating leases are charged to the profit & loss account on a straight line basis over the term of the lease.

STRAIGHT TALKING PEER EDUCATION 8.

NOTES TO THE FINANCIAL STATEMENTS (continued ) For the year ended 31 July 2021

2. GRANTS AND DONATIONS Big Lottery Fund Blagrrove Charles Hayward Foundation Charles Plater Trust City Bridge Trust DCR Allen Eveson Charitable Trust FASTN Garfield Weston The Grocers Charity Heathrow Community Fund Henry Smith Charity Lawrence Attwell’s Charity Masonic Scouloudi Foundation Schroder Charitable Trust Swire Trusts and Foundations under £3,000 Other income INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Prevention Project – School Courses TOTAL	Restricted	Unrestricted		2021
	- 20,000 - - - - - - - - 8,437 - - - - - - 1,660 - £30,097 ====== Reestricted - 30,097 =====

STRAIGHT TALKING PEER EDUCATION NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 July 2021

3. TOTAL RESOURCES EXPENDED

Direct Charitable Cost of Expenditure Generating Funds Staff costs 90,750 8,500 Office and Admin Costs 7,957 - Travel and Subsistence 6,300 - Training and Conferences -- - Other Staff Costs -- - Gateway Cost 2,500 - Eggtooth contract 5,000 - Course materials and Publications -- - Premises costs - - Legal and Professional Costs - - Relocation costs -- - Board expenses -- - Depreciation -- - Fundraising & consultancy costs -- - Marketing and PR - - Other - - £112,507 8,500 ====== ===== Net incoming resources are stated after charging: Depreciation Audit fee Accountancy services provided by the auditors 4. EXTRAORDINARY ITEMS 5. TRUSTEES EXPENSES 6. STAFF COSTS Salaries Tax and Social Security costs Pension costs Sub total SMP recovered Coronavirus Job Retention Scheme No employee earned £60,000 p.a. or more. Number of monthly paid staff (FTE basis) Number of weekly paid staff (FTE basis) Also teenage parents employed on an occasional basis	Direct Charitable Cost of Expenditure Generating Funds Staff costs 90,750 8,500 Office and Admin Costs 7,957 - Travel and Subsistence 6,300 - Training and Conferences -- - Other Staff Costs -- - Gateway Cost 2,500 - Eggtooth contract 5,000 - Course materials and Publications -- - Premises costs - - Legal and Professional Costs - - Relocation costs -- - Board expenses -- - Depreciation -- - Fundraising & consultancy costs -- - Marketing and PR - - Other - - £112,507 8,500 ====== ===== Net incoming resources are stated after charging: Depreciation Audit fee Accountancy services provided by the auditors 4. EXTRAORDINARY ITEMS 5. TRUSTEES EXPENSES 6. STAFF COSTS Salaries Tax and Social Security costs Pension costs Sub total SMP recovered Coronavirus Job Retention Scheme No employee earned £60,000 p.a. or more. Number of monthly paid staff (FTE basis) Number of weekly paid staff (FTE basis) Also teenage parents employed on an occasional basis	Governance	2021Restricted Unrestricted TOTAL Funds Funds £ 131,250 7,957 6,300 - = 2,500 5,000 - 1,530 6,493 - - - - - 1,711	2021Restricted Unrestricted TOTAL Funds Funds £ 131,250 7,957 6,300 - = 2,500 5,000 - 1,530 6,493 - - - - - 1,711	2021Restricted Unrestricted TOTAL Funds Funds £ 131,250 7,957 6,300 - = 2,500 5,000 - 1,530 6,493 - - - - - 1,711
		32,000 - - - - - - - 1,530 6,493 - - - - -- 1,711
		41,734 162,741 ===== ====== ====== == - - - ==== - - 2021 103,483 25,523 7,914 136,920 - (5,669) £131,250 ====== 3.5 (reducing to 1) 5		====

Trustees - No Trustee received compensation from the charitable company during the year.

7. TAXATION

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

8. TANGIBLE FIXED ASSETS Cost: Brought forward Additions in year At 31 July 2021 Depreciation: Brought forward Change for the Year At 31 July 2021 Net Book Value at 31 July 2021 Net Book Value at 31 July 2020	Fixtures, fittings & Equipment
	26,506 - 26,506 26,002 - 26,002 £504 === £504 ===

2021 9. DEBTORS Amounts falling due within one year: Trade debtors - Prepayments - Accrued income - Other debtors - £0 ==== 10. CURRENT ASSET INVESTMENTS Short term deposits 20,603 11. CREDITORS Trade creditors - Accruals - Taxation and social security 781 Other creditors _____- £781 =====	2020 1,665 3,188 2,459 10,653 £17,965 ===== 50,579 1,210 2,536 9,975 1,615 £15,336 =====

12. MOVEMENT IN FUNDS

Restricted funds are those that have been raised for specific projects falling within the charitable objectives. Unrestricted funds are those that the Trustees are free to use in accordance with the charitable objectives.

		B/fwd	Movement	Resources	C/fwd
		1.8.20	in Income	Expenditure	31.7.21
	Restricted funds
	Blagrave	-	20,000	12,000	8 ,000	-
	Charities Aid foundation	-	660	660	-
	Charles Hayward Foundation	-	-	-	7,000
	Charles Plater Trust	18,260	-	18,260	-
	City Bridge Trust	10,314	-	8,650	10,314
	Heathrow Community Fund	-	8,437	2,000	6,437
	Others	-	1,000	1,000	1,000
	Total Restricted Funds	28,574	30,097	42,570	16,101
-
		=====	======	======	=====
	Unrestricted Funds
	General	107,906	26,128	120,171	13,863
	Total Funds	£136,479	£56,225	£162,741	£29,962
		=====	=====	=====	=====

Purposes of Restricted Funds

The majority of grants are given specifically fo rther provision of pregnancy prevention courses in schools to pupils between the ages of 13 and 17, and to provide training and employment to teenage parents by doing so.

The Blagrave Trust

The fund is to provide funds to cover th echarity’s expansion to Hastings

Charities Aid Foundation

To provide funds to cover courses in Croydon, and provide training and employment for teenage parents in Croydon

The Charles Plater Trust

To provide funds for raising the profile of the charity and the skills of the staff in social media.

City Bridge Trust

The London Community Response Fund grant in Wave 2 was for: To digitalise our schools' programme to keep pupils safe from abusive behaviour and encourage good relationships. To keep young parents engaged in education & work with transferable skills. To address the needs of young parents arising from the lock-down - To fund the essential and urgent costs, so that the organisation can carry on providing support to Londoners.

Heathrow Community Fund

For work in the 5 boroughs surrounding Heathrow Airport

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the year ended 31 July 2021

13. RESOURCES EXPENDED

Staff costs Direct charitable expenses: Website development Recruitment Accreditation fees - Peer educator courses Printed stationery & equipment for courses Travel, mileage & PE telephone Training, conferences & residential visits Publications & subscriptions Other Fund raising and consultancy costs: Marketing & PR Consultant Fundraiser Fundraising expenses Office expenses: Rent & Rates Office services Insurance Equipment & repairs Software & Service support Telephone Office stationery & postage Office relocation Miscellaneous Administration expenses: Audit Accounts assistance – by auditors Accounts assistance – by others AGM & Annual report Organisational Development Trustee Away Day Investment Study Bank charges Trustees meeting expenses Miscellaneous Legal & personnel support Depreciation	Direct Cost of Charitable Generating Expenditure Funds £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ====== =====	Governance £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - =====	2021 TOTAL 2020 £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ====== ======

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