Charlty reglstratlon number 1109054 Company registratlon number 04655406 (England and Wales) SPEAKUP SELF ADVOCACY LIMITED ANNUAL REPORT AND FINANCIAL'STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
SPEAKUP SELF ADVOCACY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees R Farnsworth G Asulman D I Chester DPGill Secretary M LAllott Charity number 1109054 Company number 04655406 Prlnclpal address Galax Busines5 Centre Fitzwilliam Road Eastwood Trading Estate Rotherham South Yorkshire S65 1SL Reglstered office Galax Business Centre Fitzwilliam Road Eastwood Trading Estate Rotherham South Yorkshire S65 1SL Auditor Hart Shaw LLP Europa Link Sheffield Busin8ss Park Sheffield S9 1XU Bankers Barclays Bank PIC Bridgegate Rotherham S60 1PQ Solicitors GWB Harlhills LLP 18 Effingham Street Rotherham S65 1AQ Switslskis Sollcltors St James House 28 Park Place Leeds LS12SP
SPEAKUP SELF ADVOCACY LIMITED CONTENTS Pago Trustees, report Independent auditor's report Statement of financial activities 10-11 Balance sheet 12 Notes to the financial statements 13-24
SPEAKUP SELF ADVOCACY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present thelr annual report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance wrth the accounllng policies set out in note 1 to the financlal statements and comply with the charity'5 Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland {FRS 102)" (effective 1 January 2019). Objectlves and actlvlties The Charity consists of a team of people with learning disabilities, autism or both and their supporters working with equal rights and responsibilities. The objects for which the Charity is established are to advance th8 education of adults. children and young people with learning disabilitles, autism and mental h8alth in self-advocacy and related areas. Powers in promoting the objectives amongst others include- (a) help people to speak for themselves., (b) make information availab18 in a form which everyone can understand., (c) create employment opportunities for members and Othe., (dl teach members and others to speak to other groups and to talk to professionals to help them18am more,. and (8) do anything else which will promote self-advocacy. We have referred to th8 guidance contained in the Charity Commisslon's general guidance on public benefit and we have had regard to it when reviewing our aims and objectives. and in planning our future activities. In particular, we consider how planned activit18s will contribute to the aims and objedives we have set. Achievements and performance Significanl activilies and achi8vements against objectives During the financial year ending March 2024, we had an increased level of overall income to that ofthe year ending Mar¢h 2023, as demonstrated in th8 Statement of financial activities, mainly as a result of baing awarded the contract by the NHS South Yorkshire ICB to deliver The Oliver McGowan Mandatory Training programme to health and soclal care professionals across Ihe South Yorkshire region. Our overall expenditure for the year 8nding March 2024 versus the year ending March 2023 increased, mainly as a result of staffing resources required on restrlcted funding such as the National Lottery, Peaceful Futures Project. During the financlal year we were successful in obtaining new project fijnding as noted: The Henry Smlth Charity- lrnproving Lives programme Th8 Oliver McGow8n Mandatory Training programme Research Collaboration with a number of Universities (cited in Financial Revlew) Social Finance co-collaborator 'Building evldence around advocacy for18arning disabilities and autism, (The Henry Smlth Charity research programme) Sev8ral smaller funders Also during the financial year, we had continuation funding from: NHS South Yorkshire Integrated Care Board {ICBI The National Lottery Communities Fund- Reaching Communities VoluntaryAction Rotherh8m - NHS Mental Health Support Grant Disability Rights UK and Sport England Leaming Disability England
SPEAKUP SELF ADVOCACY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The main achi8V8m8nts, in addition to the above. continue to be the excellent work undertaken as required by our Service Level Agreement with Rotherham MBC. We hav8 8njoyed the support of NHS England and several NHS Integrated Care Boards across the Yorkshire & Humber region for specific pieces of commissioned work. We continue to deliver work around Transfomiing Care and Integrated Care Systems agendas. The Rotherham. Doncaster and South Humber NHS Trust (RDaSH) Gontinue to contract wlth us to provid8 two Peer Support Workers to work in the Child and Adolescent Mental Health Services ICAMHS) and Learning Disability Services in Rotherham. We also employed further Pe8r Support Worker5 under contract with the NHS South Yorkshire ICB. In keeping with our main mission of providing employm8nt and employment opportunltles for vulnerable adults we have provided 8mployment for 21 people with a Learning Disablllty and Aut15tic Peop18', 17 of which are involved In delivering The Oliver McGowan Mandatory Training. Additionally, we have provided sessional work opportunities for 7 people with a Learning Disability or Autistic People. Employment is for Everyone {EIFE) EIFE is a social movement aiming to improve the employment opportunities for autistlc P8ople and people with a learning disability in South Yorkshire. It has the support of th8 NHS South Yorkshire ICB, NHS England and the 4 local authorities - Roth8rham, Doncaster, Sheffield and Barnsley. We know the positive differ8nc8 employing people with learning disabilities and autistic people can make to a busines5 and we want to share our knowledge and skills to encourage businesses to do the same please visit www.em lo rnentisforever on8.or .uk for more information. Speakup, the Charity, is a Disability Confidenl Employer, an IS09001 accredited organlsation and was awarded The National Leaming Disabilities and Autism Awards People's Award 2024 and for Making a Difference in 2016 due to the success of two of our employed self-advocates. Financial revlew The prlncipal funding sources for the year w8re derived from our service level agreement with Rotherham MBC and the variety of funders noted under achievements and performance. and fees g8nerated for services provided and commlsslons received, all of which contrlbuted to the charttable income. During the year we dlsposed of our freehold proparty situated at 31 Broad Str88t, Parkgate, Rotherham, S62 6DX- net proc88ds of sale amounted to £55,799. Unrestrict8d funding increased during the yèar as a result of increased levels of charitabl8 and project activities. We are regularly asked by university research cenlres that are actlve in health and social care policy research programmes, to work as Go-collaborators andlor experts within our field to add valu8 to their research proposals and projects. To this ext8nt We have collaborated with a number of university research partners as not8d below- R8search Collaboration - named lead Universities but involves multiple partn8rs-. Manchesler Metropolitan University University of Sheffield Universlty of Strathclyde University of Bristol (Norah Fry Centre for Dlsability Studies) Universlty of Warwick and others as Co-¢ollaborators
SPEAKUP SELF ADVOCACY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Res8arch Projects Supported Employment connectivity for working age adults with learning disabilities andlor autism Individual Placement and Support (IPS) as it operates beyond Sev8re Mental Illness {SMI) Mental Health Medications in the Lives of Peop18 Wlth Learning Disabilities Building towards a vision of Work-Heallh Expert Research Collaboration Workplace Intervention for Sustainable Health and Employment Wellcome Anti-Ableist Research Culture ERSC Humanising Healthcare No Research About Us, Without Us Substituted Parenting EvaluatSng approaches to, or mod81s of, adult social care and social work practice Expenditure continues to support our key objectives of making information available in a form that everyone understands. creating employment opportunities for people with leaming disabilit18s and autistic people. to teach members and others to speak up for themselves and learn more, and to promote self-advocacy. As will be seen from the statement of financial activities, we had an increase in expenditure during the year to maintain all our seNice provision to an excellent standard and to ensure all project outcomes and milestones were delivered. and continue to be delivered. with gr8at success, whilst at the same time safeguarding employment for people with learning disabilty and autistic people. Some of the increase in expenditures resulted from increaslng the number of employed Experts by Experience as Peer Support Workers. This further endorses our belief that the services we provide ar8 of an invaluable need for all the people we support, in what are still axceedingly difficult economlc times, and for the prospects of the Charity. Speakup has net assets of £498,537 12023 £186,529) and will continue in its aim of achieving the levels of reserves as stated by the reserves policy below. ReseNes policy 11 is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equlvalent to between three- and six-months, expenditure. The trustees consider that reserves at this level will ensur8 that, in the event of a significant drop In funding, they will b8 able to continue the Charity's current activities thiile conslderation is given to ways in which additional funds may be ralsed. As at th8 8nd of March 2024 the Charity's unrestricted funds were at a level equal to approximately five months of unrestrlcted expenditure as required by thls pollcy. The revaluation reserve, £nil (2023 - £40.106) has been reallsed by disposing of the freehold property. At 31 March 2024. the amount of restricted funds was £247.47112023 - £34,162) as detailed in note 17. The unrestricted funds held by Speakup, after making allowance for any restricted funds and respective revaluation reserve, was £251,06612023- £112.261). Plans for future perlods Whilst we are genérally finding the funding landscape dfficult. there are opportunities for increased commlssioning of our services regarding the ongoing Transforming Care agenda and the NHS 10 Year Plan. We are passionate about the employment of people wrth a learning disabillty and autistic people, and we will continue to offer employment opportunities and work placements to as many people with a leaming disability and autistic people as we are able lo and for as long as we are able to do so. We continue to experience an increasingly negative impact on dlsabled people being in employment because of ongoing welfare benefit changes. This is due mainly to disabled people being re-assessed for Person81 Independence Payments (PIP) and losing what was their Disability Living Allowance (DLA)., even when they had b8en awarded DLA'for life,. People are now being migrated from their 'legacy' b8n8fits on to Universal Credlt (following having to make a new claim) which, often, leads to a redudion in overall income. As Univ8rsal Credit is paid monthly. this is leading to people experiencing budgeting issues and can lead to people being In arrears with th8ir priority bills. This can increase further their levels of despair and anxiety. and begs Ihe question "are disabled people better off in work?"
SPEAKUP SELF ADVOCACY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 As a nationally recognised self-advoGa¢y organisation, committed to the employment of people wrth a learning disability, autislic p80ple and increasing employment opportunities when8v8r possible. we will endeavour to seek new opportunities that will enable us to embrace our philosophies and objectives. These opportunities help build peoples. confiden¢8, id8ntity and self-worth and reach their personal potantial to work. We also facilitste and support excellent Peer and Group advocacy. We continue supporting people with learnlng disabilities and autistic people through our 'Peaceful Futures, project, Improving Lives project and 'Friendship Circles, and 'Solutions Circles, work. and providing people with 'Hospital Passports, and 'Health Passports, in support of thelr health needs. This work helps people to develop positive social nelworks andlor famity relationships and helps p80ple cultivate relationships that provide emotional and practiGal support, increase r8silience. and foster a sense of connectedness. This also enables people with learning disabilities and autistic people who face material deprivation to benefit from having a Friendship Circle and Solution Circle of support to help kèep them out of crisis and improve their resilience to futur8 crises. The aim of the 'Peaceful Futur&s' project is to build up people's resilience and confiden¢8 so that they are able to live independently, ¢ope with times of crisis and feel that they are living their best life. Feelings of isolation decreas8 through peer support and meeting oth8r people in similar Circumstances in a nurturing environment, and mental and physical health improves. Household or family income will be stabilis8d through access to public entitlements and individuals wlll feel more able to manage th8ir money, better navigating the transition from weekiy benefit payments to monthly Universal Credil Payments, by providing the vital support that will be needed. This project wlll enable and support beneficiaries to be more resilient, experience less anxieties, and be less likely to fall into crisis in the future. Structure, governance and management The charity Is a company limited by guarantee without share capital, number 04655406. It is a r8gistered charity number 1109054. The registered office is Galax Buslness Centre, Fitzwilliam Road, Eastwood Trading Estate, Rotherham, S65 1SL. The trustees. who are also the directors for the purpose of ¢ompany law, who served during the year were: R Famsworth G A Sulman D I Chester DPGill Recruitment and appointment of trustegs On appointment, new trustees are provided with induction training in relation to their duties and responslbillties for the Charity. Trustees are also provided with additional training if required and take part in a range of activities to 8nable them to update and improve their skills and knowledge. None of the Irusteas have any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 In the event of a winding up. Organisational struclure The Management Committee (Team) is responsible for ensuring the work of the Charity is conducted within the framework of the Memorandum and Articles of Association. The M8nagement Committee Is made up of Ie1v6 pgople with learning difficulties and autistic peopla including hvo of the directorsltrustees of the charity. The committee operates through the use of employed self-advocacy workers aasisted by a number of support staff. Key Management Personnel {KMP} pay has traditionally been set at Further Educatlon IFE) Pay Scales. as the level of expertise of KMP is 'in line or greater, than those working in the FE sactor with similar educatlonal levels of attainment. The majority of our KMP are educated to Level 7 or greater and pay s¢ales have been agreed with our Board of Trustees. Annual increments (increases) In pay are set at a lower level than those awarded in the public sector.
SPEAKUP SELF ADVOCACY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Highly quallfled and professional support stsff consist of principal finance, business and comm8rcial officers, media officers. 18ad tutors, experts by experience tralners and researchers (employed 5elf-advocates}. These peop18 enable the Management Committee to fulfil all of th8 objectives of the Charity and relevant regulations. Relationship with related partles Details of the charity's transactions with its related parties are included in note 21. The trustees have assessed the major risks to which the charity 15 exposed, and are satisfied that systems are in place to mitigate exposur8 to the major risks. Prornollng the success of the company Note 17 sets out an analysis of the assets attributable to the various funds and a descr5Ption of the trusts. These assets are sufficient to meet Speakup's obligations on a fund by fund basis. Statement of trustees. responsibilities The trustees, who are also the directors of Speakup Self Advocacy Limited for the purpose of company law, are responsible for pr8paring the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom G8nerally Accepted Accounting Pra¢tl¢e). Company Law requires the trustees to prepare financial statements for each financial year which glve a true and fair vlew of the state of affairs of thè charity and of the incoming resources and application of resources. including the incorne and expenditure. of the charitable company for that year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently; - observe the methods and principles in Ihe Charities SORP: make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subjed to any material departures disclosed and explained In the financial statements. and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for ke8ping adequate acMunting records that dlsclose with reasonable accuracy at any lime tho financial position of the ¢harfty and enable them to ensur8 that the financial statements Comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hents for laking reasonable steps for the preventlon and detection of fraud and other irregularities. Auditor The auditor, Hart Shaw LLP, is de8med to be reappointed under section 48712) of the Companies Act 2006.
SPEAKUP SELF ADVOCACY LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Disclosure of information to auditor Each of the directors has confirmed that there is no information of which they are aware which 15 relevant to the audit, but of which the auditor is unaware. They have fvrther confirmed that they have taken appropriate sleps to identify such relevant information and to establish that the auditor is aware of such infonnation. Tha trust8es' report was approved by the Board of Trustees. orcb R Famsworth Trustè8 17 December 2024
SPEAKUP SELF ADVOCACY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF SPEAKUP SELF ADVOCACY LIMITED Opinion We have audited the financial statements of Speakup Self Advocacy Limited (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of signifi(znt accounting policies. The financial reporting frdmework that has been applied in their preparation is applicable law and United Kingdom Accounting Stsndards, induding Financial Reporting Standard 102 The Finanal Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statemenls.- give a true and fair view of the state of the charitable wmpanys affairs as at 31 March 2024 and of its incoming resources and application of resources. including its income and expenditure. for the year then ended., have been properfy prepared in aGcordanGe with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance wlth the raquirements of the Companies Act 2006. Basis for opinion We conducted our audlt in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilit18s under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that ar8 ralevant to our audit of the financial statements in the UK. Includlng the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these r8quiremenls. W8 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our oplnlon. Conclusions relatlng to golng concern In auditing the financial stat8m8nts, we have concluded that the trustees, use of the golng concern basis of accounting in the preparation of the financlal statements is appropriate. Based on the work we have perfomied. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concem for 8 period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern ar8 described in the relevant seclions of this report. Other information The other infom)ation comprises the information included in the annual report other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other infomiation and. except to the extent otherwise explicitly stated in our report, we do not express any fomi of assuranGe conclusion thereon. Our responsibility is to read the other informalion and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have perfornied, we conclud8 that there is a matertal misstatement of this other information. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit: the information given in the trustees, report, which includes the direGtors' report prepared for th& purposes of company law, for the financial year for which th8 financial slatements are propared is consistent with the financial statements. and the directors, report included within the trustees. report has been prepared in accordance with applicable legal requirements.
SPEAKUP SELF ADVOCACY LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SPEAKUP SELF ADVOCACY LIMITED Matters on whlch we are required to report by exceptlon In the light of the knowledge and understanding of the charity and its environment obtalned in the course of the audit, we have not identified material misstatements in the directors, report included within th8 trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report lo you if, in our opinion: adequate ac(x)unting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us,. or th8 financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration spacifi8d by law are not made., or we have not received all th8 information and explanations we requlre for our audtt. or the trustees were not antitled to prepare the financial statements in accordance with the small companies regime and take advantage of th8 small companies, exemptions in preparing the trustees, report and from the requirement to prepare a strategic report. Responsibilltles of trustees As explained more fully in the statement of trustees, responsibilities. the trustees, who are also the dlrectors of the charity for the purpose of company law. are responsible for the preparation of the financial statements and for being satisfied that they give a Irue and fair view, and for such intemal control as the trustees determine is necessary lo 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 charity's ability to continue as a going concem, disclosing, as applicable, matt8rs related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assuranc8 about whether the financial statements as a whole are fr88 from mat8rial misstatement, whether due to fraud or error, and to issue an auditor's report that indudes our opinion. Reasonable assurance is a high level of assurdnce but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misststement when It exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregata, they could reasonably be expected to influence the economic décisions of users taken on the basis of these financial statements. Extent to which the audit was considered capable of detsctlng irregularltles, Including fraud and the audit response Irregularities, including fraud, are instanc8s of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to deted material misstatements in respect of irregularities, includlng fraud. The extent to which our procedures ar8 capable of detecting irregularities, Includlng fraud is detail&d b810w.' At the planning stage we identlfled areas of laws and regulations that could reasonably be expected to hav8 a material effect on the financial statements from our general commercial and sector experience and through discussion wlth the trustees and other management, as required by auditing standards. The potential eff8ct of any laws and regulation on the financial statements can vary considerably. Thar8 are laws and regulations that directly affe¢t thè financial statements {è.g. the Companies Act, The Statement of Recommended Practic8 (SORP)) as well as many olher operational laws and regulations where the Gonsequ8nces of non-compliance could have a material effect on amounts or disclosur8s in the financi81 statements. Owing to th& size, nature and complexity of the organisation and the applicable laws and regulations to which it must adhere, the risk of material mlsstatement was deemed to be low. Therefore th8 procedures performed by the audlt team wera limited to: Communicating id8ntif18d laws and regulations at planning throughout the audit t8am to remain alert to any indications of non-compllance throughout th8 audit. Enquiry of management and those charged wlth governance around actual and potential litigatlon and claims as well as non-compliance with laws and regulations. Revi8wing financial statement disclosures and testing to supporting documentatlon to assess compliance with applicable laws and regulations. Raviewing board minutes.
SPEAKUP SELF ADVOCACY LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF SPEAKUP SELF ADVOCACY LIMITED We have assessed the overall susceptibility of the financial statements to material misstatement due to fraud as low because the nature of the business does not particularly lend itself to fraud. Management override is the most likely way in which fraud might present itself and as such is inherently high risk on any audit. Management override, which may cause there to be a material misstatement within the financial stalements, may present itself in a number of ways, for example.. Override of internal controls (e.g. segregation of duties). Entering into transactions outside the normal course of businèss. especially with related parties. Fraudulent revenue recognition, including fictitious sales and sales being recorded in the wrong period. Presenting bias in accounting judgements and estimates. In order to reduce the risk of material misstatement to an acceptable level, numerous audit procedures were performed including.. Enquiries of management as to whether they had any knowl8dg8 Ot any actual or suspected fraud. Review of all material journal &ntries made to prepare the financial stalements. Reviewing the underlying rationale behind transactions in order to assess whether they were outside the nomial course of busine5S. Increased substantive testing across all material income streams. Reviewing board minutes. Owing to the inherent limitations of an audit, there is an unavoidable risk that W8 may not have detected malerial misstatements in the financial statements, even though we have perfomed our audit In accordance with auditing standards. Furthermore, as with all audits, there is a hlgher rlsk of irregularities {especially those relating to fraud) being undetected, as these may involve the override of intemal controls, collusion, intentional omissions and misrepresentations etc. We are not responsible for preventing non-compliance or fraud and therefore cannot be expected to detect all instances of such. Our audit was not designed to identify misstatements or other irregularities that would not be considered to be material lo the financial statements. The further removed non-compli8n¢e with laws and regulations is from the events and transactions reflected in the financi81 statements, the less likely we would become aware of it. A further description of our responsibilities is available on the Financial Reportlng Council's wabsite at: htty)s-.11 vW.frc.org.UklaLJdrt0rsresponSlbllitles. This description forms part of our auditor's report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we mighl slate to the charitable company'5 members ihose matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body. for our audit work, for this report, or for the opinions we have fomied. Martin M¢Donagh (Senior Statutory Auditor) for and on behalf of Hart Shaw LLP Chartered Accountants Statutory Audltor Europa Link Sheffield Business Park Sheffield S9 1XU
SPEAKUP SELF ADVOCACY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financial year Unrestricted funds 2024 Rostricled funds 2024 Totsl Total 2024 2023 Notes Income and endowments from.. Donations and legacies Charitable activities Investments Other income 825 462.117 427 31.920 825 867.824 427 31,920 1.285 461.480 63 5,696 405,707 Total income 495,289 405.707 900.996 468,524 Charitable activities 401,028 187.960 588.988 520,795 Net incomel{expenditure) 94.261 217,747 312,008 (52,271) Transfers between funds 4,438 (4.438) Net movement in funds 98.699 213,309 312.008 (52,271) Reconclliation of fund5: Fund balances at 1 April 2023 152,367 34,162 186,529 238.800 Fund balances at 31 March 2024 251,066 247.471 498,537 186.529 Th8 Statement of financial activities includes all galns and losses recognised in th8 year. All income and expendllure derive from continulng activities. The slalement of financlal actlvities also complies with th8 requirements for an income and expenditure account under the Companies Act 2006. 10-
SPEAKUP SELF ADVOCACY LIMITED STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prior financial year Unrestricted funds 2023 Restricted fvnds 2023 Total 2023 Notes Income and endowments from: Donations and legacies Charitable activities Investments other income 1,285 370,654 63 5.696 1,285 461,480 63 5,696 90,826 Total income 377,698 90,826 468,524 Charitabl8 activities 428,570 92.225 520,795 Net inGome (50,872) (1,399) 152,271) Transfers between funds 3,473 {3,473) Net movement in funds 147,399) (4,872) (52,271) Reconciliation of funds: Fund balances at 1 April 2022 199.766 39.034 238,800 Fund balances at 31 March 2023 152.367 34,162 186.529 11
SPEAKUP SELF ADVOCACY LIMITED BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 11 9,291 75,464 Current assets Debtors Cash at bank and in hand 12 235,272 292,401 40,580 137.278 527,673 177,858 Creditors: amounts falling due within one year 15 25,815 36,178 Net current assets 501.858 141.680 Total assets less current Ilablllti88 511,149 217,144 Credltors: amounts falling due after more than one year 16 {12,612) (30,615) Net assels 498.537 186,529 The funds of the charity Restricted income funds Unrestricted funds Revaluation res8rve 17 247.471 251,066 34,162 112.261 40.106 498,537 186,529 The financial statements were approved by the trustees on 17 December 2024 WG ts l-h R Famsworth Trustee Company registration number 04655406 (England and Wales) 12-
SPEAKUP SELF ADVOCACY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles Charity information Speakup SelfAdvocacy Limited is a private company limited by guarantee incorporated in England and Wales and a registered charity. The registered office is Galax Busin8ss Centre, Fitzwilliam Road, Eastwood Trading Estate, Rotherham, South Yorkshire. S65 1SL. 1.1 Accountlng convention The financial statements have b88n prepared in aordanCe with the charity's M8morandum and Articles of Association, the Companies Act 2006 and 'Accounting and Reporting by Charltles.. Statement of Recommended Practice applicable to charities preparing their accounts in accordanc8 Wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 2019). The charity is a Publlc Benefit Eritity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charltles applying FRS 102 Update Bulletin 1 not lo prepar8 a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in thes8 financial statements are rounded to the nearest £. The financial statements have b88n prepared under the historical Gost Convention modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements. the trust&es have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charltable funds Unrestricted funds are available for use at the discretlon of the trustees In furtherance of their charitable objectives unless the funds have been designated for other purposes. Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectlves of the charity and which have not been designated for other purposes. Restricted funds ara funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and adminislering such funds are charged against the specific fund. 1.4 Income Income is re¢ognis8d when the charily is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that inwme will be reGelved. Governmenl grants are re¢ognised at thè fair value of the asset received or receivabl8 when there is reasonab18 assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in incom8 when the performance conditions are met. Where a grant does not specify perfonTIan conditions it is recognlsed in incom8 when the proceeds ar8 received or receivable. A granl received before the recognition criteria are satisfied is reu)gnised as a liabilfty. Cash donations are recognlsed on receipt. other donations ara recognised once the charity has been notified of the donation. un18ss performance conditions require deferral of th8 amount. Income tax recoverable in relation to donations recelvod under GrftAld or deeds of covenant is recognlsed at the tim8 of the donation. 13-
SPEAKUP SELF ADVOCACY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting polic188 (Continuad) Turnover 15 measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the nomial cours8 of busines5, net of discounts, VAT and other sales related taxes. 1.5 Expenditure All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. A proportion of costs are attributed to direct charitable expenditure and governance costs based on the actual costs incurred. 1.6 Tanglble fixed assets Tangible fixed assets are Inllially measur8d at cost and subsequently measured at cost or valuation, n8t of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less thelr residual values over their Useful lives on the following bases.. Freehold property Computer media 8nd office equipment Not depreciated 250/0 to 33.3 % straight line per annum The galn or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the c8rrying value of the asset, and is recognlsed in the statement of financial activities. 1.7 Impaimient of flxed assets At 8ach reporting end date, the charity reviews the carrying amounts of its tangible assets to determin6 whether there Is any Indication that those assets have suffered an impairment loss. If any such Indication axists, tha recoverable amount of the 855et is estimated in order to determine the extent of th8 impairment loss (If any). 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held 8t C811 with banks, other short-temi liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown withln borrowings in Gurrent liabilities. 1.9 Financial Snstruments The charity has elected to apply the provisions of Section 11 'Baslc Financial Instruments, and Section 12 'Olher Financlal Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charlty's balance sheet when Ihe charity becomes party to the contractual provisions of the instrument. Financial ass8ts and liabilities are offset, with the net amounts presented in the financial statement5, when there is a legally enforceab18 right to sel off the recognised amounts and there is an intentlon to setue on a net basis or to realise the 8sset and settle the liability simullaneously. Basie financlal assets Basic financial assets, whlch include debtors and cash and bank balances, are inltlally measured at transaction pric8 including transaction costs and are subsequently carried at amort18ed cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measur8d at the present value of the future receipts discounted at a mark8t rat8 of interest. Financial assets classlfied as receivable within one year are not amortised. 14-
SPEAKUP SELF ADVOCACY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Contlnued) Basic financial liabiliti8s Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt Instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classifled as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. uslng the effective Inter8st rate method. Trada creditors are obllgatlons to pay for goods or servic8S that have been acquired In the ordinary cours8 of operation5 from suppli8rs. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognlsed initially at transaction price and subsequantly m8asured at amortised cost using the effective interest m8thod. Derecognition of financial liabilltles Financial liabilities are derecognis8d when the charity's contractual obllgations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entitlemant is recognised in th8 period in which the employee's services are received. 1.11 Retirement beneflts Payments to defined contribution retirement benefit schemes are charged as an expen88 as they fall due. 1.12 Leases Rentals payable under operatlng leases, includlng any lease incentives received, are charged as an expens8 on a straight lin8 basis over the term of the relevant lease. Income from donatlons and legacies Unrestrfcled funds 2024 Unr88tricted funds 2023 Donations and gifts 825 1.285 15-
SPEAKUP SELF ADVOCACY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charilable activities Sorvice lev•1 Service level agreprngnt andagreement and commissions tommi55ions 2024 2023 Sales within charltable activities Performance related grants 462,117 405.707 370.654 90.826 867,824 461,480 Analysis by fund Unrestricted funds Restricted funds 462,117 405,707 370,654 90,826 867,824 461,480 Income from investments Unrestrlcted Unrestricted funds funds 2024 2023 Interest receivable 427 63 Other income Unrestrlcted Unrestrlcted funds funds 2024 2023 Other income 31,920 5,696 16-
SPEAKUP SELF ADVOCACY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on charitable activities Actlvities furthering th8 company's objects 2024 ActlvTties furtherlng the company'3 objects 2023 Dlrect costs Staff costs Depreciation and impairment 405,331 2,116 337,140 5,721 407,447 342.861 Share of support and governance costs (see note 7) Support Governance 174,127 7.414 169,596 8,338 588,988 520,795 Analysi5 by fund Unrestricted funds Restricted funds 401,028 187,960 428,570 92,225 588,988 520,795 Support costs Support Governance costs costs 2024 Support Governanc8 costs C08t8 2023 Support costs 174,127 174,127 169,596 169,596 Governance Costs 7,414 7,414 8,338 8.338 174.127 7,414 181.541 169,596 8,338 177,934 Analysed between Charitsble activities 174,127 7,414 181,541 169,596 8,338 177,934 Governance costs include- audit fees of £4,035 (2023- £4,015). Trustees None of the trustees received any remuneration or benefits from Ihe charity during the current or previous yearfor their mle as a trustee. No trustees received any expenses during the current year <2023.. £nil). See note 9 for details of remuneration of key m8nagement personnel. 17-
SPEAKUP SELF ADVOCACY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employees The av8raga monthly numb8r of employees during the year was: 2024 Number 2023 Number Advocacy staff Support staff Enterprise workers 12 Total 20 18 Employment costs 2024 2023 Wages and salaries Social security costs Other pension cost5 375,204 24,417 5,710 316,537 16,121 4.482 405,331 337,140 There were no employees whos8 annual remunaration was mor8 than £60.000. Remuneration of key management personnel The remuneration of key management personnel is as follows. 2024 2023 Aggregate compensation 170,996 155,762 10 Taxation The charity is 8xempt from taxation on its activlties bacause all its income is appli8d for charitable purposes. 18-
SPEAKUP SELF ADVOCACY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Tangible fixed assets Freehold prop•rty Computer medla and offl¢• quipmenl Totsl Cost At 1 April 2023 Additions Disposals 70,000 138,920 5,943 170,000) (130,077) 208,920 5,943 {200,077) At 31 March 2024 14,788 14.786 Depreciation and Impairment At 1 April 2023 Depreciation charged in the year Eliminated in respect of di5P05als 133,456 2,116 (130,077) 133,456 2,116 (130,077) At 31 March 2024 5,495 5.495 Carying amount At 31 March 2024 9,291 9,291 At 31 March 2023 70.000 5,464 75,464 12 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 228,242 7.030 35,734 2,356 2,490 235,272 40,580 Other debtors relat8 to monies loaned to social enterprise companies supported by Sp8akup in the normal course of business. There are not any formal loan agr88m8nts or repayment tenms in respect of these amounts. Speakup d08s not have any intention of requesting repayment in the foreseeabl8 future. 13 Loans and overdrafts 2024 2023 Bank loans 22.612 46,771 Payable within one y8ar Payable after one year 10,000 12,612 16,156 30,615 19-
SPEAKUP SELF ADVOCACY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Loans and overdrafts (Continued) The charity received a government supported loan amidst the coronavirus outbreak. The loan is repaid at £833 per month over a term of 5 years starling from 1 year from the date received of November 2020. Interest Is payable at 2.5Q/a per annum on the principal amount. 14 Finance lease obligations Future minimum lease payments due under finan¢818ases: 2024 2023 Within one year 308 Finance lease payments r8present rentals payable by the company for certain items of fixtures and fittings. No restrictions are placed on the use of the assets. The av8rage lease term is 3 years. All leases are on a fixèd repayment basis and no arrangem8nts have been entered into for contingent rental paym8nts. The finance lease is secured against the assets to which it relates. 15 Creditors: amounts falling due within one year 2024 2023 Notes Bank loans Obligations under finance leases other taxation and social security Trade creditors Other creditors Accruals and deferred incom8 13 14 10.000 16,156 308 11,302 1,275 1.207 5,930 8,365 486 1,338 5,626 25,815 36,178 16 Creditors: amounts falling due after more than one year 2024 2023 Notes Bank loans 13 12,612 30,615 -20-
SPEAKUP SELF ADVOCACY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restricted funds The income funds of the charity include restrict8d funds comprising the following unexpend8d balances of donations and grants held on trust for specific purposes: At 1 Aprll 2023 Incoming resources Resources expended Transfers At 31 March 2024 Oliver McGowan Mandatory Training ContraGt IOMMTI Henry Smith Charity- Improving Lives Learning Disability England Disability Rights UK - Sport England Together Fund National Lottery Communlty Fund - Peaceful Futures VoluntaryAction Rolherham - NHS Mentsl Health Support Grant 242,500 (18,366) 224,134 59.000 (59,000) 4,438 (4,438) 6.770 (6,770) 17,245 95.298 (92,324) 20,219 5,709 8,909 <11,500) 3,118 34,182 405,707 (187,960} (4,438) 247.471 Previous year: Al 1 April 2022 Incoming resources Resources expended Transfers At 31 March 2023 National Lottery Community Fund - Peaceful Futures Henry Smith Charity Disability Rights UK- Sport England Together Leaming Disability England Disability Rights UK Tackling Inequalities Fund by Sport England National EnergyAGtion - Smart Energy GB The Bally Thomas Charitable Fund BCC- England Illegal Money Lending Team Sport England - This Girl Can Voluntary Action Rotherham NHS Menial H8alth Support Grant 47,178 14.068 (29,933) (19,983} 17,245 5,915 9,642 (2.872) 6,770 4.438 7.738 (3.300) 1.691 (1,5181 (173) 10,947 (10,9471 11.250 {11,250) 3,375 1,740 (3,375) (1,9321 192 5,575 8.734 (8,600} 5,709 39.034 90,826 (92,225) (3,473) 34,162 21
SPEAKUP SELF ADVOCACY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restricted funds {Contlnued) Learning Disability England The grant is to buy ess8ntial dictation and computer control software, headsets and dellver intemal training. This money will enable self-advocates to improve their abilities to work using dictation and computer control Soare which helps people to wrtte information and access and use their computer more easily. Voluntary Action Rotherham- NHS Mental Health Support Grant To help support positive mental wellbeing for adults in Roth8rham, and to help redu the impact of Covid. Natlonal Lottery Reachlng Communities- Peaceful Futures The aim of the project is to bulld up people's resilience and confidence so that th8y are able to live independently, cope with times of crisis and feel that they are living thair best life. Feelings of Isolation will decrease through peer support and meeting other people in similar circumstances in a nurturing environment, and mental and physical heatth will improve. Household or family income will be stabilised through access to public 8ntitlements and individuals wlll feel more ab18 to manage their money, better navigating the transition from weekly benefit payments to monthly Universal Credit Payments, by providing the vital support that will be needed. This project will enable and support beneficiaries to be more resilient, experience less anxi8ties, and be less likely to fall Into crisis in the future. Disability Rlghts UK- Sport England Tackllng Inequalities Fund Walking Bubbles - a project where people can safely meet others and walk together to encourage health and exercise. The Henry Smith Charlty- Improving Llves A grant towards the salary costs to support our Indusion Workers to enabl8 continuity and support for our vuln8rab18 individuals. Oliver McGowan Mandatory Training Contract {OMMT> The Health and Care Act 2022 introduced a r8quirement that regulated service provid8rs ensure their staff receive training on learning disability and autism which is appropriate to the person's role. The Oliver McGowan Mandatory Trairiing on Leaming Disability and Autism is the standardlsed training that was developed for this purpose and is the govemment's preferred and re¢ommendgd training for health and social care staff to undertake. We were awarded 8 contract by NHS South Yorkshire Integrated Care Board to deliver the OMMT training to health and social care staff across South Yorkshir8, initially until May 2025 wlth the potential to extend the contract for a further 18 months. BCC - England Illegal Money Lending Tèam This project will make a difference because people with 18aming disabilities will begln to understand why a loan shark is a really bad idea and l&am ski115 in how to recognlse a loan shark. Sport England- Thls Glrl Can This project runs weekly physical actlvity sessions. such as walking or dance, aiming to help the Gore strength, balance, and mentsl wallbeing of participants. Voluntary Actlon Rotherham- NHS Mental Health Support Grant To help support positive mental wellbelng for adults in Rotherham. Talbot Trusts The aim of this project "Reconnect My Life Please" is to support people with learning dlsabilities who have little or no support to reconnect with others and mov8 their life on. -22-
SPEAKUP SELF ADVOCACY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Restricted funds (Continued) Reaching Communities- Peaceful Futures The aim of the project is to build up people's resilience and cx)nfidence so that they are able to live independently, cope with times of crisis and feel that they are living their best life. Feelings of isolation will decrease through peer support and meeting other people in similar circumslances in a nurturing environment, and menlal and physical health will improve. Household or family income will be stabilised through access to public entitlements and individuals will feel more able to manage their money, better navigating the transition frorn weekly benefit payments to monthly Universal Credit Payments. by providing the vital support that will be needed. This project will enable and support beneficiaries to be more resilient, experience less anxieties. and be less likely to fall into crisis in the future. Disability Rights UK- Tackllng Inequalities and Sport England Together Fund Dlsablllty Rights UK are delivering these funds on behalf of Sport England and will be working with Speakup, as a User Led Organisation, to help tackle inequalities In physlcal activity, experienc8d by disabled people and people with long tem) health conditions. 18 Unr88tricted funds The income funds ofthe charity include the following designated fund which has been set aside out of unrestricted funds by the trustees for specific purposes.. At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 General funds 152,367 495,289 {401.028) 4,438 251.066 Previous year: Incoming resources Resources expended Transfers At 31 March 2023 2022 General funds 199,766 377,698 (428,570) 3,473 152,367 19 Analysis of net ass8t8 between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 Fund balance5 at 31 March 2024 are represented by: Tangible assets Current assetsl(liabilities) Long term liabilities 8,285 255.393 (12,612) 1,006 246.465 9,291 501.858 (12,612) 251,066 247,471 498,537 -23-
SPEAKUP SELF ADVOCACY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Analysi8 of net assets between funds {Conlinued) Unrestricted funds 2023 Restricted funds 2023 Total 2023 Fund balances at 31 March 2023 are repre5enled by: Tangible assets Current assetsl(liabilitie5) Long term liabilities 73,596 109,386 (30,615) 1.868 32,294 75,464 141,680 {30.615) 152,367 34.162 186.529 20 Operating lease commitments At the reporting end date the charity had outstanding (>Jmmilments for future minimum18ase payments under non-cancellable operating leases, which fall due as follows: 2024 2023 Within one year Between two and five years 6.300 6,825 6,300 525 13,125 6,825 Amounts recogn15ed In profil or loss as an expense during the perlod in resp8Ct of operating lease arrangements was £9.014 (2023 - £6,997). 21 Related party transactions Ms V Farnsworth is the daughter of R Farnsworth, one of th8 charivs Irustees. Durlng the year she was employed by tha charity and recaived a gross salary of £12,072 (2023 - £10,187). During the year the charity paid £5,000 (2023 - £50001 for support services provided by J K Ferguson TIA Aroma Herbs & Health. This is the partner of A Ferguson, one of the members of key management personnel within Speakup SelfAdvocacy Limited. -24-