Charity regislration number: 1108304 Speakeasy Advocacy Annual Report and Financial Stsiements for the Year Ended 31 March 2024
Speakeasy Advocaey Contents (continued) RefereTrce and AthninistTaiive Deiails Truslees, Report 2103 Sialement of Tnislees, Responsibilities Independenl Examiner's Report Stalement of Financial Activlties Bal&n¢¢ Sheet Noles io Ihe Financial Sialemenls 8t0 18
Speakeasy Advocacy Refcrence and Administrative Details Trust¢¢s Mr I Sp¢ed Mr A Azimi Mr im Ansell Ms M Le Warne Mr G Jones IResi8ned January 20241 Mr D Easton (Resigned November 2023) Ms C Over (Resigned Novernb¢r 2023) Charity Registration Number 1103304 Prlncipal Office The Orchard While Hart Lanc Basingstoke Hamp5hir¢ RG214AF Independen¢ Ex4miner MMO Limilcd Senior Statutory Auditor Wclle51ey House 204 London Road Waierlooville Hampshire P07 7AN Page I
Speakeasy Advocacy Trustees. Report The irustees preseni the annual report tO8ether with ihe financial 51atements of the charity for Ihe year ended 31 March 2024. Objectives activities Objects t7nd alm% Thc objcc15 In OUT constiliilion arc 'To prol¢¢l and prcscrvc Ihc good hcolth of childrcn, young people and adults Iviih auiistic spectrum disorders andlor learning disabililies" A5 an advocacy organisalion our aim is to= Mak¢ sure people arc lislcned lo Empower people io lake control of iheir lives, making their own decisions and choi¢¢5 50 Ihal they become as indcpcndcnl os possible Support people lo become pan of their local communities and prevent soeial exclusion We have worked wilh 505 people during ihe year, an Increase of 49b/ts (166 more people) than ihe previou5 year. W¢ provided Siatulory Advocacy for 142 people funded by individual spol purchase coiiiiiiissions from local au(horilies, Non Siatulory Advo¢a¢y for 96 people iising granl fiinding or local aiiihorily Commissions. Signposting and Infomaiion io 184 people, and Self Advocacy Groups for 8J people in Basin851oke (including 25 people funded to attend Friday Network as part of Ille Hampshire Cnunry Council l.¢arning Disability Day Opportunities programme) We have provided advocacy across the whole arca of Hampshire working in partnership with Choices Advocacy (based in Souiliamplonp. aiid until Seplember with Havant & East Hanis Mind as well as providing support and siipervision for Iheir advocal¢. We continue lo co-ordiAale the county wide delivery of the Stalulory Advo¢a¢y Relevant Person's RepresenlAtive (RPR) servi¢e for people placed 'oui of area. in Hampshire. funded by individual spot purchase commissions from local authorities. W¢ ¢omplel¢d Ihc Hampshi Couniy Couii¢il 8raht funded Advo¢a¢y Safety Net proj¢¢i in Scplember 2023, offerin¥ a reduced service for the remainder of ihe year using reserves while looking for new fundin8. We ¢onipl¢led the h05pilal avoidan¢¢ proje¢l for adu115 and young people with a leAming disabilily andior autism with granls froni tlie NHS Inlc¥raled Comnlissioning Board. We also rcccived a 'Sirengihening Coniihuiiilies, grant from Basin8Stoke & Deane Council which supported improv¢m¢nls to our w¢b5it¢ and Ihe developineiil of service user stories. We further developed oiir partnership wilh Basin8sloke Volunlary A¢lion Back Offi¢¢ Supporf Service. receiving support with payroll. migration lo a new accounts package, and with marketing and content ¢reation. We continued our siraiegic work as menibers of Hampshire Safeguardin8 Adulis Board, and parti¢ipalion in local and national n¢tWOTks foT Ihe volunlary seclor. disability and advocacy. Publlc beneJ71 The Iruste¢s ¢onfirm Ihal they have complied wilh the requiw¢menlS of se¢iion 17 uf lh¢ Charities Act 2011 lo have due regard lo the public benefit guidance published by the Chariry Commission for England and Wales. PAge 2
Speakeasy Advocacy Trustees, Report (¢ontinued) Structure? governance and man4gement Nalure ofgoverning doc11nt The charily is governed by a Consiilution based on ihe Charity Commission model and is a Regislered Charily. Having previously idertiified ihe benefits of a Charitable Incorporated Organisalion. the Tru51ees continue lo work towards this in order lo update Ihe goveming docunient to Teflecl clianges lo both ihe organisalion and b¢n¢fi¢iari¢5. Th¢ Trustee Policy states that we should have representatives of named self advocacy groups. Trustees are elected ai the Annual General Meeting or appoinled irj between limes by Ihe Board. all rec¢ive trainin8 to do their Tole and those who ar¢ users of the setviee also have support from an advocaie. The Trustees hgéve met four linies during the year in addilion lo ihe Annual General Meeling. Two new tru51e¢s were appointed in Sepiember 2023 with one taking on Ihe fole of inierim cliair unlil h¢ rcsign¢d in January 2024. Two longslanding Trnsiees (Carole Over artd Derek Easion) resigned in November 2023 and were thanked for their many years of setvice. One of Ihe other new appointmenls. lain Speed, look over as chair of Tru51e¢s in F¢bruary 2024. The Trusiees have worked with Ihe Chiel Execulive on updating Ilie charily's devclopmcnl and marketing plan as well as updating key organisational policies and processes. The annual report wa5 approved by the trustees of Ihe charity on &J•nug4t2D25and signed on 115 behalf by., Mr I Spccd Tnislee P•8¢ 3
Speakeasy Advocacy Statement of Trustees, Responsibilitie$ The irustees are responsible for preparing the trustees, report and the financial 51alements in accordance wilh the United Kingdom Accounling Standards (United Kingdom Generally Accepted Accounting Pra¢li¢¢) gnd appli¢able law and regiilaiions. The law applicable lo charilies requires Ihe Iru51ees to ppare financial statements for each financial year which give a true and fair view of the stale of affairs of (he charily and of ihe incoming resources and application of resources ofthe charily for th period. In preparin8 these financial statements. the trustees are required to". seleci suitable accounlin8 policies and Ihen apply them consislenily; observe the meihods and principles in th¢ Chariiies SORP: mak¢ judg¢m¢nls and ¢5tima1¢5 that arc rea50nabl¢ and pwdenl- state whether appliellble accouniing standards have been followed, 5ubjecl lo any material departures disclosed and explained in the financial stalemenls; and prepare the fimaiicial staternenls on the 8oin8 concern basis unless it is inappropriate lo presume Ihal the charity will continue in business. The Irusiees are responsible (or keeping proper Accouiiling records that disclose wilh reasonable accuracy ai any time the financial p05ilion of the charity and enable them lo ensure that the financial statements comply with the Chariiies Act 201 l. the Chorities {Accounis and Reporisl Regulaiions 2008, and the provisions of the constitution. Th¢ Iruslees are a150 responsible for s&feguardin8 Ilie assels of the charity and hence for taking reasonable steps for the prevention and detedion of fraud and other iir¢gulariiies. The Irust¢es ar¢ r¢spon5ibl¢ for Ihc maint¢nan¢¢ and integrity of the corporale and financial infomialion included on the charilable compat)y's ivebsile. Legislatioi) governing th¢ pr¢paralion and diss¢minalion of finon¢ial stalemen¢$ may differ from le8islalion in oiheT jurisdictions, Approved by Ihe Iruslees of Ihe charity 0n6.janvary2a2 and signed on ils behalf by: ..l.B..Speed Mr I Speed Tnislee Page 4
Speakeasy Advocacy Independent Examiner's Report to the trustees of Speakeasy Advoeaey I report io the trustees on my examination of Ihe acrounls of Speakeasy Advocacy for the year ended 31 March 2024. Respon$ibilitl¢g ond bASi$ of report As the Charity trustees of Speakeasy Advo¢acy you ar¢ r¢sponsible for the prcparalion of th¢ a¢wunts in accordance Iviih the requir¢meniS of ihe Charities Act 2011 {"Ihe Act'l. report in r¢sp¢¢l of n)y examinalion of Ihe Spcak¢a5y Advocacy's accounts carried out under section 145 of ihe 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under se¢lion 145{51(b) of ihe Act. Independent ex&miner'$ $tAlem¢nt I have compleled my examinalion. I confirm that no maierial mailers have Come to my attention in connection with the ¢xamination giving me cause lo bclicve Ihat in any maierial respccl: accoiinling rordS w¢r¢ not k'epl in respeci ofspeakeasy Advoca¢y as required by section 130 of Ihe Acl; or 2. the ac¢oun15 do not accord with those records; or 3. the accounts do not comply with the 8ccounlin8 requirements concerning the forn) and content of accounts set out in ihe Charilies {Accoun15 and Reports) R¢8ulations 2008 other than any requirement that the accounis give a 'true and foir view, whi¢h is not a matter considered as part of an independent examination. have no ¢on¢ems and have come across no olher matt¢rs in connection with the examinalion to which atteniion should be drnwn in ihis report in order io enable a proper underslanding of Ihe accounts to be reached. Mr5 Gillian Mclnlosh Senior Siatulory Auditor Wellesley House 204 London Road Walcrlouville Hampshire P07 7AN P48¢ 5
Speakeasy Advocaey Statement of Financial Activities for the Year Ended 31 Marcb 2024 Unrestrleted funds To¢gJl 2024 Restricted funds Note In¢ome nd Endowment5 from: Other irading activilies 11,889 173,378 185.267 Toial income 11.889 173,378 185.267 Expendilure on: Charitable activities 140,884) [140.884) Total expenditur¢ (62.020J 50.131 -(78,8641 94,514 Net {cxp¢ndilure)lincome N¢1 mov¢m¢nl iii funds (50,131) 94.514 44,383 Rtton¢lll•tlon of (und$ Tolal funds brought forward 94,358 41,762 143,120 Toial funds carried forivard 10 44,227 Unres¢ri¢ted rund$ 143 276 187,503 Tot1 2023 Restrleted (und$ Note In¢om¢ #nd Endowmenls from: Donations and le8acies Other Irading aclivities Otlier income 69,652 42,450 69,652 52.456 i 0,000 1.305 Total in¢om¢ 11.305 112.108 123413 Expenditure on: Choritable aciivilies Other expenditure Total ¢xpeNditure 151,508 117,362P (60,714} (112,222> L68,870J 67.745) _ l136,615) Net {¢xpendilure)lin¢ome 44,363 L13,202) Net mov¢menl in fund5 (57,565) 44,363 113,2021 ReconclllAlion of funds Tolal funds brought fonvard 151.922 4,399 156,321 Total funds carried fonvard 10 143 119 All of the ¢haTity'S a¢livili¢s derive from continuing operations during the ave iwo periods. The funds breakdown for ?023 is shown in note 10. The note5 on pages 8 10 18 fomi an integral part of thesc financial 5tatcments. Page 6
Speakeasy Advocaey {Rcgistration number: 1108304) Balance Sheet as at 31 March 2024 2024 2023 Note Flxed Assets Tangibl¢ a55els 3.029 229 Current 11ss¢¢$ Debiors Cash al bank and in h&nd 19.739 175,622 195,361 18,478 150.904 169.382 Creditors: Amounts lalling due within one yeAr 10.887 26.491 Net Current assels 184474 142.891 Not a55ets 187.503 143,120 Funds of tht charlty: Restrlet¢d In¢ome funds Resiri¢icd funds 10 143.276 48.762 Unrestrieted Ineome funds Unrestricted funds 44 227 94.358 Total funds 10 187 503 143,120 The financial statements on pages 6 10 18 were approved by the trusiets, and authorised for issiie on ..G.JArnuar.y 2025 and signed on their b¢half by: l R Speed Nlr I Speed Truslet The nolcs on pages 8 10 18 forni an int¢gral part of these financial atemen15, Page 7
Speakeasy Advocacy Notes to the Financial Statements for the Year Ended 31 March 2024 l Accountlng poli¢les Statement o(tompliance The financial slalemenls have been prepared in acconlance with ihe Second ¢dilion of Ihe Charities Staiemenl of Recommend¢d Pra¢li¢e issucd in O¢iober 2019, Ihe Financial Reporting Standard applicable in ihe United Kingdom and Republic of Ireland (FRS 102) and Ihe Charities Aci 2011. BASIS of prItiON Speakeasy Advocacy mecls the definilion of a public benefit entlty under FRS 102. The accounts (financial sialemenlsl have been prepared under thc liistorical cost convention will) itcins rccognised al c051 or transaction valiie unless otherwise $18l¢d in lh¢ relevant nolels) lo these acco1$. Going eoneern The trustees ¢onsider Iliai Ihere are no rnatefial uncertainties about the charity's abilily 10 coniit)ue as a going con¢crn. Income Ind endowment5 Volun¢ary income includiTh¥ donations, gift5, lesaci¢s and 8r)n15 that provid¢ core funding or are of a general nature Is recognised when tlie ¢harity lias enliileinent 10 Ihe income. il 1$ probable tliat tlie incom¢ will be received and tlie amount can be mcasiired with sufficient reliability. GnTnls recelvable Grants are re¢ognised wheii the charity has an enliilemenl to the funds and ai)y ¢ondilions linked io Ihe grani$ have been m¢t. Where performance condilions are Jnached io ¢he granl pnd are yel lo be mel, Ihe income is reco8nised 28 a liability and included on the bfilftnce sheet as deferred income to b¢ released. Expendlture All expenditure is Tecogiiised on¢e Iliere is o legal or ¢onsiruclive obligation lo thai expenditure. li is prob&ble ttlemenl is required and the amount can be measured reliably. All cosls are allocated lo Ihe applicable expenditure headin8 thal ag8re8g1¢ Similar ¢0515 to thal category. Wliere costs canTrol be dire¢tly attributed lo particular helingS thcy havc bcen allocaled on a basis consisten¢ wilh the use of resourccs. with cenlral staff costs alloclled on the basis of lime speThl. and d¢pw¢¢ialior) charges allocated on the portion of the asset's use. Other support ¢osls are Allo¢Aied bised on Ihe spread of slaff costs. Chariluble aclivilie5 Ch8ritable expenditure comprises those costs incurred by Ihe charity in the delivery of its aclivilies and service5 for its beneficiaries. It includes both c051s that can be allocated directly to such aciivilies and those c051s of an indirect naiiire necessary io support them. Gov¢rninee eos¢$ These include ihe costs aitribulable to the charity's compliance with Constitutional 5tstulory rcquirernents, including audit, slralegic rnanagemenl and trustees meetings and reimbursed expenses. Page 8
Speakeasy Advocacy Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Government grants Governmenl granls ar¢ r¢¢o8lli5ed based on Ihe accrual rnodel and are measured at ihe fair value of the asscl received or receivable. Granls arc classified as relating either lo revenue or lo assels. Grants relaling lo revcnu¢ are reco8nised in income over the period in which the related cost5 are recognised. Gr8nis relaiing lo assets are recognised over the expected usefiil life of Ihe asset. whe part of a granl relating lo an assel is deferred. il is recognised as deferred income. TAxatlon Th¢ rhariiy is considered lo pa55 the tests set out in Para8raph I Schedule 6 of ihe Finance Act 2010 and therefore il niee¢S Ihe definition of a charitable ¢onipaiiy for UK corporalion lax purposes. Arcordinglys the charily is potentially ¢x¢mpl from laxalion in respect of incomc or capital gabns received wiiliin caiegories covered by Chmpier 3 Part I I of the Corporation Tax Acl 2010 or Se10n 256 of the Taxalion of Chargeable Gain5 Art 1992, to the exieni that 5u¢h in¢om¢ or gains are applied exclusively to charilable purposes. Tangible fixed A25sels Individual fixed a55¢15 c051ins £0.00 or more are inilially recorded at ¢osi. less any subsequent accumulat¢d depr¢¢iation and subsequent accumulaied impaimeni losses. D¢pr¢ci4tion 4nd imorti%Ation Deprecialion is provided on tangible fixed asseis so as 10 wriie off Ihe Cost or valuation, less any estimated residual value, over their expected useful economic lif¢ 85 follows.. TrAde debtors Trade deblors ar¢ amounts due from customers for mer¢handise sold or services perfonned in thc ordinary course of business. Trad¢ debtors are re¢ognised initially at the transaction price. They are 5ub5¢quenily measured al amortised cost using th¢ ¢ff¢clive inleresi method, less provis¢on for impaimient. A provision for the impairnicnl of trad¢ debiors is eslablishcd when there is obje¢tive evidence that the charity will nol be able lo coll1 all amounis due according lo the orisinal iemis of Ihe receivable5. Cash 8lld r•sh equivalents Cash and cash equiv81enls rornprise cash on hand and call deposils, and oiher short-iemi highly liquid investments thai are readily convcrtible lo a knowll amount of cash and are subject to an insignificanl risk of chan8¢ ii) value. Pi8e 9
Speakeasy Advocacy Notes to the Financial Siatements for the Year Ended 31 March 2024 (continued) Trade (reditors are obligalions lo pay (or soods or 5¢rvi¢¢5 Ihat have been acquired in the OTdinary course of business from suppli¢r5. Accounts payable classified as current liabilities if the does not have an uncoftdilional right, at the end of the reporting period. lo defer settlement of the ereditor for al least twelve monihs after Ihe reporting dale. If there is an unconditional right to defer settlemeni for al least twelve mon¢hs aft¢r Ihe reportlng dale. Ihey are presenied as non.curreni liabilities. are recogiiised initially at the Iransaclion price and siibsequerttly measured al amortised cost using the effective interest method. Borrowlnes Inlere51-beariiig borrowings are initially recorded al fair value. nel of irai)sa¢tion ¢osts. InteTest-bearing bomwings are subsequently carried al anioriised cost. wilh the difference belwccn the proceeds, nel oftransaclion cosls, and the moiini due on redemplion bein8 recognised as a charge lo the Sialemenl of Financial Aclivili¢s ov¢r the pcriod or the relevallt borrowing. Inleresl expense is recognised on the basis of Ihe effe¢live inleresi melhod and is included in inlere$l payable and siniilar charges. Borrowings are Classified as ¢iirrent liabililies iinless Ihe cliarily has an unconditional right lo defer setllemeni of ihe liability for al least ttvelve monil)s after Ihe reporting date. fr'und structure Unresiricled incoine fLinds ore general fiinds Ihal are available for use ol th¢ Inislee5 discretion in furtherance of the obje¢tives of the ¢horiiy. Reslri¢led income funds are ihos¢ donaled for iise in a particular area or for specific puses. the use of which is restricted lo tl)al area or piirpose. Flnanelal Instruments Cla.%Fificftlinii Financial assets and fiiiaiicial liabilities are recognised when Ihe ¢hariiy beconies h party lo the contractual provisions of the insirumeni. Financial liabilities and equity inslmnienls are classified according lo the sub5tan¢e of Ihe ¢ontraclual arrangements ent¢r¢d inio. An eqiiily inslrumenl is any conlracl Ihal evidences a residual inlerest in the assets of the charity llftcr deducling all of ils liabilities. Page 10
Speakeasy Advocacy Notes to the Finydneial Statements for the Ycar Endcd 31 March 2024 (continued) Recogniilon oiid mea5Mremenl All financial assels and liabililies are initially measured al Iransaction price (includii)g transaction cogtg), except for Ihose financial assets classified as al fair value through profil or loss. which ar¢ iiiilially measured at fair value (which is norn)ally lh¢ transaclion price excludins Iransaction cosl$), unless the 3rrangemenl constiluies & financing transaction. If an arrangemenl conslitutes a financing Irall5actiOT), the financial assel or financial liabiliiy is measured t the presenl value of the future payments discounted at a market rale of inlerest for a similar debi instrument. Financial assets and liabilities are only offsei in Ilie slatement of financial posilion when. and only ivhen there exist5 a legally enforc¢abl¢ right lo sel off the re¢o¥nised amounts and the charity intends eiiher lo scltle on a nei basis. or to realise the assel and settlc Ihe liability siniultaN¢ously. Financial ossets are d¢recognised when and only when a) tho ¢onlraclual rights lo the cash flows from the financial Asset expire or are selil¢d. b) the charity transfers io another party subsianiially all of th¢ risks and rewards of ownership of the financial asset. or c) the charity, despite having relained some, bul not all. significant risks and rewards of ownership. h&s trAn$ftrred ¢ontrol of th¢ asset lo another party. Finan¢ial liabililies are derecognised only when the obligation specifled in Ihe contract Is discharged, cancelled or expires. Pag¢ll
Speakeasy Advocacy Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Debl iiislrumenls Debi in51runient5 which meet the following conditions are subsequently measured al amortised cost using the effective interest method: (al The ¢ontrxctual rethrn lo the holder is (i) a fixed amounl; (ii) a positive fixed ralc or a positive variable rate. or {iiil a combinalion of o posilive or a negative fixed rai¢ and a positive variable rate. Ibl The contract Inay provide for repayinenls of the prin¢ipal or the retum to th¢ holder {but not boihl to be linked lo a singl¢ relcvanl obseryable index of general price inflalion of the currency in which th¢ debt inslrurnenl is denominated, provided such links are noi levera8ed. (¢) Th¢ conlract may provide for a determinable variation of the return 10 Ihe holder during the life of Ihe inslrumenr, provid¢d that (i) lh¢ new rale salisfics condilion {a) and the variation is not conlingenl on future events other than (I I a change of a contractual variable rate. {2) lo protect the holder against ¢r¢dil delerioralion of the issu¢r' {3) changes in levies applied by a ¢¢nlral bank or arising from Changes in relevAnl taxaiion or law. or {ii) the neiv raie is a market Tale of inl¢r¢sl and saiisfi¢s condiiion lal. (dl Tlicr¢ 15 no contractual provisioii Iliai could. by ils lern15, result in the holder105ins Ihc Principal amount or any inleresl attributable lo th¢ current period or prior PLriod5. (e) Contractual provisions thai pennil the issuer lo prepay a debi instrument or pciinit Ihe holder to put it back lo the issuer befor¢ malurily are not contingent on fiilure events, Othcr than to proiecl the holder against the credit deierioralioii of the issuer oi o chaiige in control of Ihe issuer, or to prolecl Ihe holder or issuer againsi Changes in levies applied by a central bank or arisin8 from ¢han¥es in relevant laxation or law. Contractual provisions may perniil the extension of Ihe lerm of Ihe debi insirument, provided fhai the rewrn to lh¢ holdcr and any other ¢onlra¢lual provisions opplicablc during the extended iemi satisfy the condition5 of parograpl)$ (al to (r). D¢bt instruments Ilial classified as payable or receivable within one year on initial recognition and which meel Ihe above ¢ondilions are Ineasured al the undis¢ouiiled amount of the ¢ash or other considerhiion expected lo be paid or received, net of impaimieni. With the exception of some hedging inslrumenls, other debi insirumenls nol nieeting these conditions art measured al fair value throii8h profil or loss. Commiimenls to make and receive loans which m¢¢t the condilions mentioned above att measured at cost (whi¢h may be nil) less impairment. Ihveslmenls Inveslinenls in non-convertible preference shares and non-puttable ordinary or pr¢f¢ren¢e shares (where shares are publicly traded or tlieir fair valu¢ is reliably measurable) are measured at fair value Ihrough profit or loss. Where fair valu¢ rannol bc measured reliably. inveslmenls are measured al ¢051 less impairmenl. Investinents in subsidiaries and associates ar¢ measured at ¢osi less impairment. For invesimenls in subsidiaries 4¢quir¢d for consideration including the issue of shares qualifying for ni¢rg¢r relief. cost is measured by reference io tlie nominal value of the Shares issued plus fair value of other consideration. Any premium is ignored. Page 12
Speakeasy Advocacy Notes to the Financial Statements for the Year Endcd 31 March 2024 (continued) Derivailveflnanclal Ins¢ruments The charity uses derivative financial inslrnmenls lo reduce ¢xp05ure lo foreign exchan8¢ risk and interest rate movemen15. The charity does not hold or issue derivative finan¢iMI instrumenis for sp¢¢ulalive purposes. Derivatives are initially reco8nised at fair value at the dale a derivative contracl is en¢ercd into and are subsequently remeasiired lo Ih¢ir fair valu¢ at ¢4¢h r¢porting dale. The resuliing sain or10$5 is recognised in slat¢m¢nt of financial aciivities iminediately unless the dcrivalive is designated and effective as a hedging in51rumenl. in wliich eveni ihe tiining of the recognilion iii 51Jl¢ment of financial aclivities depends on the nature of the hedge relationship. Foir value measuremenl The best cviden¢e of fair value is a quoted price for an idenlical asset in an active market. When quoted price5 arc unavailable, the price of a recent Iransaclion for an ideniical 8ssel provides evidence of fair value as long as th¢r¢ has not been a significant Change in economi¢ ¢ir¢umslances or a significant lapse of lime since the irartsaction took plac¢. If the markei is not aclive and recent transactions of an identical ass¢t on their own are noi a good estimate of fair vali1¢, th¢ fair value is esiimaled by iisin8 a valiialion technique. 2 Expenditure on charitAble Activities Unrnstrleted funds Generil Rtstrltted runds Total fund$ Nole Siaff costs Governance cosls 32.062 29.958 69,534 9,330 101.596 TotAI for 1024 62.020 78.864 140 884 Total for 2023 51.508 60,714 112.222 Unrestricted funds General Restricted funds Tot1 2023 Note Siaff costs Governance costs 44,121 7,387 51.508 58.705 2,009 60,714 102,826 9.396 112,222 Pag¢ 13
Speakeasy Advocacy Notes to the Financial Statements for the Year Ended 31 Mar¢h 2024 (continued) Unrestrlcted funds General Restricted runds Total 2024 Total 2023 Siaff xalaries & NIC Rent 32.062 10,181 249 2,413 168 1,245 11.122 900 767 20 2.410 32 108 69.534 64 2.080 72 101,596 10,245 2.329 2,485 168 1.245 102.826 9,347 2,307 1.964 109 1,095 9,347 900 Travelling Office siaiionery Posta8e & carriage Telephone IT costs Audit & ac¢oiinlai)cy fees Professional fees Premises expenses Inslirance Refreshmenis Bank Charges Depreciation Training cosls Cr05s cliarging 50 900 7.506 20 2.410 6,739 5,058 49 2.410 53 108 1,042 79 108 246 344 246 344 L88.912) (26.891) 81,912 167.776 140.885 136615 Page 14
Speakeasy Advocacy Notes to thc Financial Statements for the Year Ended 31 March 2024 (continued) 3 Trusiets remunerAlion And expense5 4 Staff ¢ost5 The aggregaie payroll costs were as follows.. 2024 2023 Staff costs during the year were: Wa8e5 and salaries 101596 102,826 No employee received enioluments of more Ihan £60.000 during Ihe year Pa¥e 15
Speakeasy Advocacy Notes to the Financial Statements for the Year Ended 31 March 2024 {continued) 5 Taxation The tharity is J registered cliarity and is therefore exempt from taxaiion. 6 TAngible fixed 4ssets Furniture And tquipm¢nt Tot*1 Cosé Ai l April 2023 Additions 8.833 8,833 At 31 March 2024 11,879 D¢pre¢iation Ai l April 2023 Chai¥e for the year 8.604 246 8.604 246 Ai 31 March 2024 8.850 Net book value Al 31 March 2024 Al 31 Maich 2023 229 229 7 Debtors 21124 2023 Trade debiors Csh rash equivalents 2024 2023 Cash al bank 175622 Page 16
Speakeasy Advoeaey Notes to the Financial Statements for the Ycar Ended 31 March 2024 (continued) 9 Creditors; amounts (Alling due within one ye4r 2024 202J Trade creditors Oiher creditors Ac¢ruals 5,050 3,525 15,000 7,966 5,837 10 Fund5 BAlnce At I April 2023 Incomlng resources Resourees expended BalD¢e at 31 MArch 2024 Unrostritled funds Genernl Gener&1 funds 94,358 11,889 162,0201 44,227 Rt$trl¢led funds Resiriced 173.378 78,864 143,276 To¢il funds 143.120 B*l4nce at I April 2022 185 267 Incomlng resources 140 884 Resour¢ expended 187,503 18n¢e At 31 March 2023 Unrestricted funds General General funds 151,922 11.305 (68.869) 94.358 Resirlcted Reslriced 4,399 112,108 L67,745) 48,762 Total funds 156.321 123,413 136.614 143 120 Page 17
Speakeasy Advocacy Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) I l Anlys15 of net Issets between (unds I,'nrestrltted Total funds at 31 funds March Gener41 2024 Tansible fixed assets C41rrenl a55ets Current liabilitie5 3,029 195.361 10,887 3.029 195,361 Toial nel assels 187,503 187,503 Unreslricted Total funds at 31 lund$ Mareh Ceneral 2023 Tangible fixed assets Current assets Current liabililies 229 169.382 229 169.382 TolAI nel Jss¢iS 143.120 143,120 12 Anlysi5 of net (unds At JI March 2024 At l Aprll 2023 Casli al bank and in hand 150,904 150,904 Nel debi 150,904 150904 Page 18