**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**
**1.**
|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||
**2.**
## **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.
**6.**
## **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
**7.**
## **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|**2021**Restricted Unrestricted
TOTAL Funds Funds
£
131,250
7,957
6,300
-
=
2,500
5,000
-
1,530
6,493
-
-
-
-
-
1,711|**2021**Restricted Unrestricted
TOTAL Funds Funds
£
131,250
7,957
6,300
-
=
2,500
5,000
-
1,530
6,493
-
-
-
-
-
1,711|**2021**Restricted 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||
||R**estricted 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
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
======
======|
|---|---|---|---|
THIS PAGE DOES NOT FORM A PART OF THE STATUTORY ACCOUNTS.