Reglstered number: 08165798 Charity number: 1152672 VOICE 21 LTD (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
VOICE 21 LTD IA Company Limited by Guarantee) CONTENTS Page Rgfergnce and Administratlve Detslls of the Company. Its Twstegs and Advlsers Introduction from the Chalr Trustees. Report 3-11 Trustees. Responsibllllles Ststement 12 Independent Audltors. Roport on the Financial Statements 13-16 statement of Financial Activities 17 Balaneg Shoet 18 Statsment of Cash Flows 19 Notes tr• the Financial Stalements 20-35
VOICE 21 LTD (A Company Llmlted by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025 Trustsos Barone55 E MoThi& Chair P J Hyman M C Jordan Keane S J Kaiser. Chair of Peop18 Commitiee K MJasla. Chair of Finan Committee Ireslgne(128 January 2025) M J Sealy, Chair of Finance Commtttee S P Coyle (resigned 31 August 2025) R Craig (appointed 28 January 20251 J John (appointed 28 January 20251 S E Thompson (appointed 28 January 20251 Company rggistered number 08165798 Charity registered number 1152672 Registsred offlce vol 21, CIO X+Why 10 Grosvenor Gardens London England SW1W ODH Cornpany secretary S Mustoe Independent audltors Haslers Charter1 Accountants Old Station Road Loughlon IG10 4PL Page 1
VOICE 21 LTD IA c(panY Limited by Guarantee) INTRODUCTION FROM THE CHAIR FOR THE YEAR ENDED 31 AUGUST 2025 This has been a remarkable year for vol 21 and marks the fin81 year of the ambitious five year strategy Ihat we set out in 2020. In October 2024. 1 twk up the reins as Chair of Tnjstees from Interim Chair, Mirsam Jordan- Keane, and during this year we have said farewell to trustees from Ihe founding Board. Kyush Modasi and Si Coyle, as well as welcoming Joysy John. Sonia Thompson arKI Rolxrt Craig to the Board. We have continued to make strong prc•3ress our flagship Voice 21 Oracy Schools Programme - again expanding our scale to over 1.100 schools. strengthening our effeCtiVersS through than9es to our programme offer and staffing structure, improving our efficiency with rw technology and crucially. rnaking significant breakthroughs in impact. This includes gr(wiing our nelwork of Oracy Centres of Excellen from 44 to 90. This has meant more schools delivering a hh qualty oracy education, multiplying the community of teachers ¢onfid8nl in delivering oracy teathing ar leaming. and enabling over 11.CK)O chiklren and young people in th¢)se sthools lo develop the oracy sknlls they need to thrive in school, work and life. With 1 in 20 schools now part of Voice 21's national schools, network, we are seeing the transformative effects of oracy education every day in classroom9 from Devon to Dund. k aknys we have ten fo91ng our efforts on those schools serving the most economically disadvantaged communtties. This yearfs Im act Re rt foSed on the achievements of Voice 21's first ten years. As a result of Voice 21,$ work over the past decade, half 8 Million children in schools a(X0S5 the UK and the channel islands have been able to benefit from a high quality oracy education. Voice 21's long campaign for oracy to have the status il deserves at the heart of education also made snIficant prcoress during the past year, with long overdue political and policy recognttion of the need lo value every yourwJ terson's vce and make oracy education an enlttlernent for all. Oracy is now a key pillar of the govemment's education reforms and a vitsl part of the New National Curriculum. This has been supported by the Commission on the Future of Oracy Education in England, chaired by Geoff Barton secretariat supwrt provi(bed by our team). The Commission published its 'We Need to Talk, Report in October 2024. As aKvays, our athievemenls this year have been made possible by the tslerrts and dedication of the Voice 21 team, expertly led by our Chief Executive. Kate Paradine. the generosty of our funders and supporters, as well as the commitment and expertise of the thousands of teachers whom we have the privilege lo work. I extend my thanks to them all. as wdl as to my fell¢M trustees. for thg time, expertise and ojrnmitment they bring to Voice 21. IY5 through leading in this oracy movement that ran deliver on our vision that oracy OrneS an ordinary part of every child's education in every school. every day and we create a new Oracy Generation. With thanks, 24wkn- Baroness E Morris Chair of Trustee$ Date: 25 February 2026 Page 2
VOICE 21 LTD (A Company Llmlted by Guaranlee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 21125 The Trustees present their annual port together wth the audited financial stslements of the Company for the year 1 September 2024 to 31 August 2025. The Annual Report serv&s the wrposes of both a Trustees, report and a directors. report under company law. The Tntstees confirm that the Annual Report and financial statements of the charitable company comply with the c#Jrrent statutory rg]uirements. the requirements of the charitable companys goveming document arKI the provisions of the Statement of Recommended Pr8Ctice {SORPI applicable to charities preparing their accx)unts in accxjrdance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS1021 leffectrve 1 January 20191. Since the Company qualifies as small under section 382 of Ihe Companies Act 2006. the Strategitt Report required of medium and large companies under the Companie5 Act 2006 (Strategic Report and Directors, Report) Regulalions 2013 has been omitted. Objectlves and Actlvltles vol 21 is the national oracy education charity. We exist to emFrt)wer every thild to use thgir voice for success in school and lrfe. 'Orn¢y is the ability to 8rtiGulate deveknp Undending and engage with Othe thrO(h sp8aknng. lislening and Communicat." Commission on the Future of Oracy Education in England, 'We Need to Talk. (Oct, 2024) Our Wofk equips eduor8 with the orary expertise to transfo their students. leaming and life Chances through talk. The need Speaking skills a one of the strongest predictrJr5 of a child's future lrfe chan. but too many chlldren are not given the opportunty to develop these skills. Despite the slrong eviden that effectNe verbal communication supports students, academic outcomes, wellbeing and career-readiness. the m8jorty of state sthools do not consistently or deliberately teach these vital skills. This impacts children's leaming in school and success in lrfe beyond school. In school, oracy is a powerful tool for aMing. enhan(yTrJ attainment and SUPFrt)rting wellbeing. relationships with others and a sere of belonging. By teaching students lo become more effective speakers and listeners we empower them to better understand themselves. each other and Ihe world around them. They develop the skills to listen effectively. discuss and resFMThI wth meaning. and debate arNJ disagree agreeably. They gain the confiden, self-belief. and C•)uraJe to Sreak in putdic and share their thoughts. intellect and creattvity with the wortd. Who we support We prioritise working with schc¥)Is with a high proportion of students who fa economic disadvantage. Our measure for this is whether sthools are in the top 40%. when ranked by proportion of students eligible for Free School Meals. We also work wtth sthools falling outside this range. blrt in order lo reswnd to the schools and students that need us most. we use this measure to infomi planniNJ and priorttisation trj keep our mission at the heart of what we do. Page 3
VOICE 21 LTD IA Company Limited by Guarantee) TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 What we do To achieve our mission, Voice 21 makes a long-tenn impart on teathing a1 arning. particularty in sthools serving students who fa the highest levels of economic disadvantage. We do not provide one-day inset on pre-packaged 'one size fits all, lesson plans or arrarye student Wofkshops and extra-curricular activities. nstead, we work in partnership with tea(ther5, leaders and schools to build their expertise. confidence and motivation to provide a hjqU81ty w edatIOn in their sd01$ every day, for every child and young person. To athieve this w8". Codify and develop underslanding of what good oracy tea¢hir¥J and leamir¥J looks like and sel the standard for a high qualrty oracy education: Provide professional development along tr SFecialist school improvement supFort to empower schools to provide their students wilh a high-qualty oracy wlucation; Focus our work on those that need us most by workiry with scthools serving the most economically disadvantaged communities" Build awareness and eonvene cross sector support to raise the status of oracy in our education system. Achievements and Perfomian¢e This is the final full year of our fiyear strategy (Sept 2020 - Sept 2025}. In setting objectives and planning for activities. the Tnjslees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'PUbl benefit= running a tharity {PB21'. These are our top 5 achievements". Drove Impact in 1,159 Voice 21 Oracy S¢hools This year we supported 1159 Voice 21 Oracy Sthools to provide their strjdents with a high-quality oracy education. These schools stret(d across the County with the majortty in the highest 40% for Free Sehool Meal entitlement. We C(lInUed to refine the professional development offered to leathers and school leaders and strengthened our tools and resources through the Voice 21 Exchange - our online leaming platform. This included new short Urse$ and 'bitesize' Th)dules. Our average Net Promoter Score for our progr8mm@ delivery days was +76 and 310.000 students have benefitted from the practice and expertise developed by teachers attending our programme5. Establlshed 90 Voice 21 Oracy Centres of Excelknnce to model the best In oracy education We accredited a further 46 sthwls as vol 21 Oracy Centres of Exllence. making a total of 90 across th8 country. These schools have shcwi a deep, ongoing commitment lo delivering high-qualily oracy education and have undergone a rigorous evaluatiort pn)cess, confimiing thal they meet the Voice 21 Oracy Benchmarks. We are proud of their achievement and the lasting impad this will have on current and future cohorts of students and across the education system. Page 4
VOICE 21 LTD (A Company Umlled by Guarantee) TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Bullt th• Orxy Movement across thè county The achievements of Oracy October 2024 induded the vibrant Great Oracy Exhibf(ion when we welcomed over 500 teachers and school leaders to Birmingham for our annual event, which is dedicated to Supporting educators to strengthen Oracy provision wtthin their sChIS - paTkn(#Jlarly those from Voice 21 Oracy Schools. Our annual cOnfenCe, the vol 21 Speaking Summrt. aims to raise awareness and understanding of oracy within the education sector and in March 2025 The welco1 over 300 attendees lo Mary Ward House in London. In the Summer of 2025, we (xjordinated an open letter to the Prime Minister about the importance of following Ihrough on the manifesto commttment lo estsblish oracy at the heart of education, which was signed by charities, educators and public figu$. We also had letters pukAished in the Times and the Guardian, and a Guardian edttorial led on support for oracy to be part of the national curriculum. Raised aTKdreness and und•rstanding of oracy In tho wider educatlon and policy $gctor As part of our efforts to strengthen the research and evidence base for oracy education, we continued lo promote the Talk for Mafhs BenchMaS in partnership with Oxford UniveTW Press. We also supported the English Association to host a round table di$$s1on with MP Peter Swallow to help establish oracy al the heart of the plans for a new national Cufficlum. We published the third edition of our annual joumal, The T81king Point, which curates research and thinking on different aspects of oracy education. The 2025 edition indudes contribJtions on malhemabcal confidence, Supporting students leaming English as an addonal language. and career-readiness. Members of the Voice 21 staff team spoke al a range of events induding the Festival of Edution. NAPLIC Conference 2025. School Library Association's annual conference and ResearchEd by-the-sea in Boumemoulh. SocvTOd a kgy element of systems Ghangej that ensures oracy ¢an now become the 'fourth R. alongside reading and writing The independent Commission on the Future of Oracy Education in England, chaired by Geoff Barton, fomer General Secretsry of the AsscKiation of School 8fKI Colge Leaders, was established 8fKI supported by Voice 21 as the Secretariat. In October 2024. following an engagement event at the LatM)ur Party Conference lin the first weeks of the new Govemmentl the Commission published its We Need to Talk. report. This included a national definition of oracy {r8ferenced atKJve). a summary of the evidence submitted in Ihe preceding months and a call lo action to make oracy the 'fourth R.. Shortly after the end of this repofbng year. in November 2025, the govemment's response to the National Curriculum and Assessment Review lthaired by Professor Becky Francis} has committed lo ensuring that oracy has 8 (Entral place in education. alsKIe reading wribng. induding explicitly referenang the Oracy Commission report. Page 5
VOICE 21 LTD IA Company Limiteil by Guarnntee TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Our new VoiGe 212030 Strdtegy: This year has marked the final year of our 2021>2025 strategy and the Winning of the new strategic period for our Voice 212030 Strategy. This will be publisw in Juty 2026. Our Vlslon: Every child benefits from a high-quality oracy education. which enables them to use thelr volce lo thrive in school. work and lrfe. Our Mission: To enable all schools. espea.alty those serving the most ec>)nomically disadvantaged communities, lo provide a high-quality. evidenc&based oracy U(tion lo every child, which enables them to use their voice to thrive in school. wotk and lrfe. Our intention is for ora¢y to become an ordinary part of child's education. in every school, evgry day and to create a new Oracy Generation. This is focused on three strategic goals.. EXllen, Eviden 8nd Every Child. with continued priority given to the children faang economic dbsadvantage who need us most: Excellence- To extend our network of vol 21 Orncy Centrgs of Excellence, enabling students in sthools in the most economically disadvantaged communibes to benefit from a high-quality oracy education each year. 21 Evidence- Build an actlonable and ¢(pelling bank of Kesear¢h and evidence that denJ)nstrates the impact of a high-qualty oracy education on oUtCon for young people. induding attainment, wellbeing, belonging. and career readiness. 31 Every child - Further the adoplion of Voice 21's evidonce4ed approach to oracy across thg wider gducatlon system to ensure that all students tenefrt from a high44ualty oracy education. In the light of the Govemment's recent annOUnrnents giving oracy a more prominent role in the National Curriculum, we are updating our strategic plan to maximise this opportunity for oracy. This includes offering 5UPPOrt lo the Department for EdU{xt)n with writing evMlenc&based national guidan and providing infomiation about what sthools need to make this happen. We wll continue to strengthen our role as a convener, thoughl-leader and movement maker in the education sector. working to ensure the implementation of the recommendations of the Commission on Qracy Education ar the Govemment's commitment to 0. To achieve these outcomes. will lltinue to invest in key areas of operational infrastructure including technology. finan. communications armj public affairs. arKI th9 leadership and professional developm8nt of OLsr growing team. Page 6
VOICE 21 LTD (A Company Llmlted by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Financial review Incomè 2022123 2023124 2024125 Grant income 791k 632k 20/0 924k 23/0 School Programmes & Other Income 2242k 740 2556k 3109k 77Yo Total income 3033k 3188k 4033k Expenditure 3011k 3325k 3575k Surplus 21k (137k) 458k Voice 21's totsl income in¢aSed by £845k in 2024r25 to £4.033k. Of this, 77% was income from the provision of oracy programmes commissioned by teachers. schools. loc1 aulhorFties and mulli-academy trusts. and 23% was income from restricted and unrestrict&J grants. The year-on-year increase in income was driven by a combination of growth in school merrtbership subscriptiofis and the increased demand for our Voice 21 Oracy School membership along with an inlyease in grant income. Fundraising In 2024125, Voice 21 received £924k in voluntsry Inco from the following funders.. Impelus - core fvnding to support delivery of our strategy. Minton Charitable Trust- fvnding to support progrdmme delivery in the North West of England. Mohn Westlake FourKlation- core funding to support delrvery of our strategy. Weslminsler Foundation - restTiCted grant to support programme delivery in schoo18 in the Foundation's beneficial area of Chester and Cheshire West, and a restricted c)ntributIon to annual rent for office space. Peter Cundhill Foundation - core funding to support (Jelivery of our strategy. Inflexion - unrestrieted funding. as a 'ccpfunding' arrangement brokered by Impetus. NeOrk for Social Change- restricted grant to support prcgramnE delivery, to embed oracy for pupils with Speaal Educational Needs or Disabilities ISEND) Expgnditure Total staff costs were £2.692k175% of our total expenditure), irfftasing from £2.340 k in 2024r25. This was largety driven by the expansion of our programrnes and engagement functions to meet demand for our work. Going concern After making appropriate enquiries, the Trustees have a reasonable exFCtatbon thal the Company has adequate reSoUS to ntinue in operational existen for the foreseeable future. For this reason, they continue lo adopt the going conrn basis in preparing the financial SLernents. Further details regarding the adoption of the going cOnM basis can found in the accountiTrJ wlicies. Page 7
VOICE 21 LTD IA Company Limited by Guarantee> TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 ReseNes pollcy Our unrestricted free reseNes are OUT general unrestri(aed funds exduding fixed assets. We hold these funds to: Provide a safeguard against the risk of dchvnlum in 8urv)rt of our actrwities {which could lead to expenditure exceeding income); Provide working capital to finance our day-tCHlay operations" Provide a safeguard against failure to deliver against contractual oblwjations: Protect our solvency in the event of any curtailment of our income-generaling activities. Given our commitments. we review our reserrfes an annual b35is. Our aim ts to hold 3 months of operating expendf(ure as Untricted reserves. On 31 August 2025, our total reserves were £1.131k representirrfJ 3.90 nN)nths of reserves. The excess surplus generated during the year was applied to rebuild the tharity's reserves in line with the reserves policy. This has strengthened our ffinan¢i81 WIIen and helps ensure longer-tem sustainability against future risks. We dKI not have any investrnents in financial instruments during the financial year. IndlIfig those with a social investment focu$. Risk Managornont Effective risk management is critical to ensuring our success in meeting our wsion and achieving our goals. All employees can identify arKI manage key risks within their areas and communicate aThJ escalate these, as appropriate. This ensu$ that responsibilty for risks is distributed aOsS, and embedded in the operations of. the charity. All identified key organisational risks a collated on a risk regi8ter whith sets out the risks; assesses their likelihood and impact., tracks the intemal controls in place and actions taken to rjU, eliminate or mitigate each risk.. and sets future mitigating adions whith Wlmjld further reduce the likelihood and impact of the risk malerialising. The Senior Leadership Team has responsibilty and accountabilty for regularfy reviewing and updating the risk register, while our tM)ard has ultimate accountsbilty for risk management and the Setting of the organisation's risk apFetite. The principal risks whth we will ffonage during the upcoming year are.. Risk: We fall to achieve income tsryets needed to achleve the outcomes of the new Strategy. Our current income ensures that are $taInabl9 but doos not allow for thè signlficant investrnent requlred to achieve our 3 3tratsg•c goals. Mitigations.. Prioritise developing group offers for MATS and LA commissions.. Establish income generalion strategy wrth speufic focus on diver1ng income streams". New fundraising strategy that includes increas&1 resour & capaoty, appoint Trustee to the board with specific expertise in fundraising- Complete & deltver brand refresh induding new website.. Improve efficiency of administration and logistics through automation and of Al to reduce operational expenditure expenses. Page 8
VOICE 21 LTD {A Company Limited by Guaran) TRUSTEES. REPORT IcoKfiNUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Risk: We fail to attrac( rètain and dw•lop kty talent in the oryanisation. Mitigations- Complete & launch talent management strategy and policies.. Deliver the second year of our Equalty, DNersty and IndUSn strategy and action plan: Benchmark current salary structure arKI beneffts against market and ensure vol 21 has a competitive offer-, Deliver the second year of the intemal LmmunK2tion plan. Risk: Other more commercial compethors enter the marf(et on the ba¢k of ora¢y's Inclu$lon In the curriculum and assessment review who do not advocate the Volce 21 hlghuallty oracy education approach. Mitigations: Refresh brand and effective [Ssag1W to different mathet segments dennstratIng the efficacy of our Theory of Change.. Expand the Le8ming. Impact and Infiuence department to ensu there is the capacty to provide substsntial efficacy data which is communicated effectively lo all stakeholders particularfy target population schools and system influencers; Expand the Sales and Marketing d8partment to include business development functions to target marketing and sales., Ensure our communications and events functions cover all market segments.. Agree key partnerships wlth 'like4nind8d' charrties, education and ComMwal organisations. Page 9
VOICE 21 LTD IA Company Limited by Guarant) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Govérnance Admlnlstrativo detalls Voice 21's senior management team consists ot. Kale Paradine- CEO Shirley Musloe- Director of Operations Amy Gaunt- Director of Leaming. Impact & Irrfluence Alice Stott- Director of Programmes and Engagement (until June 20251 Amanda Moorghen lfrorn August 20251 Tim Judge - Director of Programmes from (from Juty 2025) Constitution Voice 21 is a charitabte company limited by guarant arKI not having share caprtal. We operate in England and Wales (company number 08165798 and charity number 11526721. We are govemed by our Memorandum of Associab'on and Articles of AsscKialion. whith were last amended in December 2019 to amend the name of the charity from School 21 Foundation to vol 21. Big Education Trust {ch8ritable company limited by guarantee and an exempt charity (Companies House registrab.on number 076483891 was the sole member of Voice 21 Ltd until 31108125 when this arrangerrwt ended by mutual consent. With effect from 31108125, the Trustees of the charity were aprxJnted as the Members. Our Memorandum of ASsoation sets out our (aritable purFose. which is to advance education for the public benefit. with a partH)Jlar focus on preparing young people for Success in the 21st ntury. In setting objectives and planning for activities, the Trustees have given due consideration to general guidancB published by the Charity Commission relating to public benefi( induding the gUlan.PubljC benefit= njnning a charity IPB2)'. Organlsatlonal structure and d•cision making Ultimate responsibility for govemancg of vol 21 lies wilh the Board of Trusts, meet each quarter lo view the activities and finanaal position of the charity arKI to asse&s the risks affecting it. inclLrding operational. financial and regulatory risk5. The current Board of Trustees briThJs a de mix of relevant skill$. capabilities and experi8nces from the 8ducation. charity and business sec*ors. The Board of Trustees delegate daY-tdaY operational management to the senior leadership team. and the delegation authonty is ouuined in a Delegation Framewor Remuneration Remuneration for the Chief ExecJJtive is decided by the Chair and the Trustee lead on the People and Culture committee and repK)rted lo the Board of Trustees. Voice 21 has adopted a pay band and spirke point approach, wilh limited incrementsl annual in¢xeases. The salary scale has been benchmarked against similar organisalions. Voice 21 is Committed to paying 811 staff. induding temporary stsff. the Living Wage. Publlc bonefft The Trustees are mindful of their duty ulef Ihe Charities Acl 2011 to ensure that the Charity's activities exisl for the public benefit. They have considered Charity Commission guidance on public benefit and are &isfied that the perfonnance and achievernents ofthe Charity during the year have benefited the publsc. Page 10
VOICE 21 LTD (A C¢)mpany Llmited by Guarant) STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2025 The TNslees (who are also the directors of the Company for the purposes ol company lawl a responsible for preparing the Trustees, Report and the finanryal statements in aCrdanCe with applicab law and United Kingdom Accounting Standards {Uniled Kingdorn Generally Ac£epted Am)unting Practi1. Company law requires the Trustees to prepare financial gtatemenls for each financial year. Under company law. the Truslees Tnusl not approve the finanal statements unbess they are satisfied that they give 8 true and fair view of the state of affairs of the Company and of its incomiThJ resour and application of resoure£s, including its income and expenditure, for that wiod. In preparing these financial statements, the Trustees are uired lo: select suitable accountirrfj lIe$ and then apply them c¥)nsistendy. observe the methods and principles of the Ch8rities SORP IFRS 102): make judgements and a(xounting estimates that are reasonable and Fffudent: stale whether applicable UK AccountiTrJ Standards IFRS 102} have been followed. Subject to any material departures disclosed and exFained in the finanaal statements.. prepare the finanryal slalemenls on the going 0)nrn basis unless tt is inappropriate to presume that the Company will ¢xJntinue in bu&ness. The Trustees are responsible for keeping adequate accounknng rec¥)rds that are sufficient to show explain the Companvs transactions and disdose wtth reasonable ac(#Jracy at any time the finanaal position of the Company and enable them to ensure that the finanaal statements comply with the Companies Act 2006. They are aEso responsible for safeguarding the assets of the Company and hen for taking reasonable Steps for the prevention and detection of fraud and other irregularibes. Approved by order of the members ofthe tr•)ard of Trustees on 25 February 2026 and signed on its behalf by: BaTones5 E Morrls Chalr of Trustees Pagg 12
VOICE 21 LTD IA c(PanY Llmlted by Guarantso) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF VOICE 21 LTD Opinion We have audited the financial statements of Voice 21 Ltd (the 'charilable )mpanY1 for the year ended 31 August 2025 which comprise the Stslement of Financial Activities. the Balan Sheet. the Statement of Cash Flows and the related notes. induding a summary of significant accounting poliaes. The financial reporting framewofk that has teen applwl in their preparakn is applicable law and United Kingdom Accounting Stsndards. including Financial Reporbng Standard 102 The Finanal Reporting Slandard applicable in the UK and Republic of Ireland. IUnitgJ lQngdom Generally Awed AcxJ)unting Practi). In our opinion the finanal statements: give a true and fair view of the state of the charttable companls affairs as at 31 August 2025 and of its incoming resources and applicalion of resour, includirrfj its income and expendtture for the year then ended.. have been propet1y prepared in ad80 with Unibj lQngdom Generalty Accepted Accounting Practice., and have been prepared in accordan wrth thg requirements of the Charities Act 2011. Basls for oplnlon We conducted rAJr audit in accordance with Intemational Stsndards on Auditing IUKI IISAS (UKII and applicable law. Our responsibilities under those standards are fvrther described in the Auditors. responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordan wilh the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom. includiro the Financial Rewrting Council's Ethic81 Standard. and v have fulfilled our other ethical responsibilities in accordan wth these requirements. We believe that the audit evidence we have obtained 1$ sufficienl and appropriate to wovide a basis for our opinion. Conclusions rolating to going concem In auditing the financial statements. V have nduded that the Trustees, of the going o)ncem basis of accounting in the preparation of the financial slatements is appropriate. Based on the work we have performed. have not identified any material unrtaInbe5 relating to events or conditions that, individually or collectivety. may cast significant doubt on the chantable tt)mpanVs ability lo ¢onlinue 8s a going ¢oncem ft)r a tKriod of at beast tsvelve ffnths from the financial statements are authorised for issue. Our responsibilities and the resFxJnsibilities of the Trustees ith respect to going concem are descriW in the relevant sections of this report. Page 13
VOICE 21 LTD IA Company Limited by Guarantse) INDEPENDENT AUDITORS. REPORT TO ThE MEMBERS OF VOICE 21 LTD {CONTINUEDI Other Inforniatlon other inft)rmation comprises the inlorynation induded in the Annual Report other than the fin8na81 ststemenls and our Auditors, Report thereon. The Trustees are responsible for the other infomiation contained within the Annual Report. Our opinion on the finanoal statements does not cover the other information and. expt to the extent othewse explicitly stated in our report. v* do nol express any form of assurance condusion thereon. Our resFK)nsibilty is to read the other infomiation and. in doing so, congider whether Ihe oltter information is mateTially incon5iStent with the financial statements or our knowledge obtained in the course of the audit. or otherwse appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to detennine whetrr this gives rise to a material misstatement in the finanaal Statements themselves. If, based on the work have perfomed. we conclude that there 18 a material misststement of this other information, V+E are required to report that fact. We have nolhing to report in this regard. Opinion on other matters prescribad by Ihe Companies Act 2006 In our opinion, based on the work undertaken in course ofthe audit.. the information given in the Trustees, Report for the finarKial year for which the financial statements are prepared is consistent with the financial stsIents. the Trustees. Report has been prepared in accordan with applicable181 rwuirements. Matters on whlch we are requlred to report by exception In the lighl of our knowledge and Urersndlng of the chartiable company and its environment oblained in Ihe course of the audr(. we have not identtfied rnalerial misstslements in the Trustees. Report. We have nothing to report in respe(l of the following matters the Charities (ArUnts and Rewrtsl Regulations 2008 requires us to rewrt to you rf. in our opinion: the infomialion given in the Trustees. ReFKfft is InnSIstent in any material respect wih the financial statements., or sufficient aco)unting rd$ have not trttn kept; or the financial stalemenls are not in agreement wrth the accounting records and retums. or It have not received all infonnation and explanations rg]uire for our audit. Responsibllltles of trustees As explained more fully in the Trustees. Responsibilities Statement. the Trustees (who are also the directors of Ihe charitable company for the puryxjses of company law) are reswnsible for the preparation of the financial statements and for teing satisfied that they give a Inje and fair view, and for such inlemal control as the Tnjgtees determine is nerSary to enaNe the preparation of financ4al statements that are free from material misstatement, whether due to fraud or error. In preparing the finanaal statements. the Trustees are responble for assessing the tharitable company's ability to continue as a going concem, disclosing, as applicable. matters related to going cOnM and using Ihe going concem basis of a¢¢ounting unless the Trustees either intend to liquidate the charitsble company or to cease operations, or have no realistic aeMatiVe but to do so. Page 14
VOICE 21 LTD (A Company Limited by Guaran) INDEPENDENT AUDtTORS' REPORT TO THE MEMBERS OF VOICE 21 LTD (CONTINUED) Auditors, rgsponsibilitles for the audit of the financial statements Our objectives are to obtsin reasonable assurance atxyjt ter the financial statements as a whole are free from material misstslement, whether due to fraud or eThor, and to issue an Auditors. Report that includes our opinion. Reasonable assuran is a high level of assuran, bLrt is not a guarantee that an audit conducted in accordance with ISAS IUK) will aw detect a material misslatement bthen it exists. Misstatements can arise from traud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to Influen the economic deci.0ft$ of users taken on basis ofthese finanryal statements. Irregularities, induding fr8ud. are Instan of rnn-compl1aE kiws aThJ regulation5. We design procedures in line with our responSi.1[e$. (MJUined aVe. to detect material misslatemenls in respect of irregularities, induding fraud. The extent to which our pr(edureS are capable of detecting irrgJularities, including fraud is detailed below: Based on our understanding of the legal and wulatory frameworks that are applicable to the entity we have considered those that have a direct and indirect material impact on the ffinanaal ststernents and operations of the chanty. These include but are not limited to Ihe Charlies Ad 2011, GDPR. and Employment and Health & Safety legislation. We obtained an understandiThJ of hThv the chartty are complwng wrih those legal and regulatory frameworks by making inquiries lo the management. We Corrolated our inquiries through our review of doc#Jmentation generated and assessiThJ the extent of Complian the relevant laws and regulations. We discussed among the audit engagement team regarding the opportunilies and incentives. including management override of controls. that may exist wrthin the organisation for fraud and how and where fraud might occur in the finana81 ststements. A8 a resu of performing the above. we identified the greatest wtential for material misslatsments due to fraud ar8 in the followNJ areas. and our SFThc procedures performed to address these are deSbed tr*low: The risk of man8gemenl override of controls is the area where the ffinanaal statements were most susceptible to material misstatement due to fraud. Page15
VOICE 21 LTD (A Company Limited by Guarantee) INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF VOICE 21 LTD {CONTINUED} Procedures perform&J to address these were as follw5'. Identtfying and assegsiro the design effediveness of ntrOlS rnana9et has in place to prevent and detect fraud. including known or susperted instaft of non•compliance with laws and regulations,and fraud., Understanding how those charged with governan Trs1dered and addressed the potential for override of controls or other inappropriate influence over the financial reFQrting [CeSs., Ch811enging assumptions and jLMlgemen15 made by management in its significant accounting estimates,. Identifying and testing joumal entries, in parti(yJlar any unusual joumal errtrie5 Posted around the year end and joumal entries posted by infrequent system users., Ensuring that restricted and unreslricted reserves have been allocated correctly: and Reviewing board minules for any discussi of events or evKJ8nce whth will have an impact on the finanual statements. Because of the inherent limitations of an audit. there is a risk that will not detect all irregularFlies, including those leading to a material misstatement in the finanaal stslements or non-complian with regulation. This risk increases the more that Complian with a law or regulation is Moved from the events and Iransactions reflecaed in the finanoal statements. as 11 be less likely to become aware of instan$ of non-compliance. The risk is also greater regarding irregularities cNxurring due to fraud rather than emr, as fraud involves intentional COnlMen( foryery. Colluon. omission or misrepresentation. A further deseription of our responsibilities for the audit of the financial StaIeffts is located on the Financial Reporting Councal's wetsite at.. wwN.frc.o .uklauditorsres nbIl[l]eS. This description foms part of our Auditors. Report. Use of our report This report is made solely tr) the tharitable Companys Thbers, as a bc¥ty. in accordan with Chapter 3 of Part 16 of the Companies Act 2006 Our audit work has been undertaken so that might stale to the charitable Cornpan5 members those matters are required lo stsle to them in an Auditors. Report and for no other purpose. To the fullest extent pem)itted by law. do not accept or assume responsibility to anyone other than the charitable company and its members. as a bcrfly. for Ir audit work. for Ihis report. or for the opinions w8 have formed. M8thew Wells ACA (Senior ststulory auditor) for and on behalf of Haslers Chartered Accountants Statutory Auditor Old Slation Road Loughlon Essex IG104PL 25 February 2026 Page 16
VOICE 21 LTD IA Company Llmlted by Guarantee) STATEMENT OF FINANCIAL ACThTIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted Restricted fund5 funds 2025 2025 Total funds 2025 Total funds 2024 Income from: Donations and legacies Charitable activit$ Investments 801.892 3.056.631 52.654 121,709 923.601 3,056,631 52,654 631.544 2,543, 784 12,262 Total income 3.911.1TI 121.709 4,032,886 3, 187,590 Expenditure on: Charitable 8Ctivities 3.406 168,488 3.575.353 3,325,078 Totsl expendltufe 3.406.865 168A88 3,575,353 3,325,078 Net movement in funds 501312 146.779) 457,533 (137,488) Reconclllatlon of funds: Tolal funds brought foiward Nel movemenl in fvnds 626,355 504312 46.T19 {46,T79) 673.134 457,533 810,622 (137.488) Totsl funds carrled for4rd 1.130.667 1,130,667 673,134 The Statement of Finanaal Activities includes all gains and losses recc¥Jnised in the year. The noles on pages 20 to 35 fom part of these financial statements. Page 17
VOICE 21 LTD IA Company Limited by Guarantee) REGISTERED NUMBER: 08165798 BALANCE SHEET AS AT 31 AUGUST 2025 2025 2024 Fixed assets Intangible assets Tangible assets 68,674 S3,030 142. T63 39,897 10 121.704 182,660 Current assèts Debtors Investments Cash al bank and in hand 11 12 1,561,068 1,141,241 1A70.846 848,345 850,627 1,18T.096 4,173,155 2.886,068 Current liabilities Creditors.. amounts fallirvJ due Y1n i)ne year 13 13.164.192) (2,395.594) Net current assats 1,008.963 490,474 Totsl net assets 1,130,667 673. 134 Charlty fvnds Restricted funds UnrestTiCted funds 15 15 46, 779 626.355 1.130.667 Totsl fvnds 1.130.667 673. t34 The Trustees acknOedge their responsibilities for compfying wilh the requirements of the Act with respect to accounling records and preparation of finanoal ststements. The financial statements have L prepared in acxordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approv1 arKI authorised for by Trustee5 on 25 Febnjary 2026 and signed on Iheir behaW by.. Baroness E Morrig Chair of Trustees The notes on pages 20 to 35 fom part of these finanual stslements. Page 18
VOICE 21 LTD IA Company Limited by Guarantse) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 2024 Cash flows from opernting activitios Net cash used in operating activthes 321,562 202,528 Cash flows from investing athiltles Purchase of intangible assets Purthase of tangible fixed assets (76,411) (20,680) 137,812) Net cash used in investlng actlvllles {37,812) (97.091) Cash flows from financing actlvltles Net cash provlded by flnanclng •¢bvitios Change in cash and cash equivalents in the year Cash and cash equivalents al the beginning of the year 283.750 1,187,096 105,437 1,081,659 Cash and cash equival8nts at the end of the year 1,470.846 1, 187,096 Page 19
VOICE 21 LTD (A Company Limiied by Guaranteo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcle8 1.1 Basls of preparation of fin¥n¢ial statements The financial ststemenls have been wepared in a)rdan with the Charities SORP (FRS 1021- Accounting and Rew)rting by Charities.. Statement of Recommended practi applicable to charities preparing their accounts in accordan with the Finanaal Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019}, the Financial Reporting Standard applicable in the UK arKI Republic of IrelaThl (FRS 1021 and the Companies Act 2006. vol 21 Ltd meets the defintbon of a public benefit entity under FRS 102. Assets and liabilitl8s are initially recognised at historical cx)st or transaciion valu8 unths otheThwse ststed in the relevant aCunting policy. 12 Company Statu8 The company is a company limited by guarant. Until 31 Augugt 2025. the sole member of the ompany was Big Education Trust. In the event of the company being up. the liability in sped of the guarantee is limited to £10 per memtrH of the company. 1.3 Income All income is rec(wJnised once the Company has entitlement to the income. it is probable that the income will be receNed and the amount of income receivable can be measured reliably. Grants are induded in the SLqtement of Financial Aclivities on a receNable ba8. The balance of income received for SIfiC purpK)ses but not expended during the period is shown in the relevant fvn(Js on the Balance Sheet. Where income is recetved in advance of enlrtlement of receipt. its recognttion is deferred and induded in creditors as defeffed income. Where entillemenl occurs before income is received. the income is acued. Income tax recover8ble in relation to investment income is re(wnised at the time the investment income is receivable. 1 A Expendlture Expenditure is recogni8ed On there is a legal or constructive obligation to transfer economic benefit to a third party. il is probable that a transfer of economic benefit5 will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs ol each activity are made up of the total of direct costs and shared c0919. including support costs inVoed in undertaking eath activity. Direct costs attributable lo a single activity are allocated dire¢tly to that activrty. Shared costs which contribute to more than one activity and supwrt costs which are not attributable to a Sing activity are apportioned Ixtsveen those activities on a ba&s consistent wtth the use of resour. Central staff costs are 811oGated on the basis of time sF*nt, and depreryalion charges allocated on the portion of the asset's use. ExpeThditure on charitablg activttses is incurred on diredy undertaking the avil which further the Compan$ objectives, as well as any asscoated support (x)sts. All expenditure is indusr¥e of irrecoverable VAT. Page 20
VOICE 21 LTD (A Company LIMIt by Guarants•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontlnued) 1.5 Interest recelvable Interest on funds held on dewsf( is induded when receivable and the amount can be measured reliably by the Company; this is nonnally up)n notification of the interest paid or payable by the institlon with whom the furKls are depo&ted. 1.6 Intangible assets and amortsatlon Intangible assets costiThJ £100 or mre are capitslised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Intangible assets are initially reccKJnised at LX)St. After re(OJni0n. Und Ihe cost model, intangible assets are measured at cost less any accumulated amortisation and any acujmulaled impairment losses. AmTtisation is provided on intangible assets at rales (8kulated to write off the cost of each asset on a str8ight-line basis over its exIted useful lrfe. Amortisation is prowded on the follcywing basis.. Webstte 33 % straighl lin8 1.7 Tanglble fixed aswts and depreclallon Tangible fixed assets costing £100 w more are capilali8ed and recognised Nthen future economic benefrts are probable aThJ the cost or value of the asset can be measured lIablY. Tangible fixed assets are initially regnised at LSt. After recDJnition, under the cost model. tsngible fixed a&8ets are measured at Cost ac£umulated depreuation and any accumulated impairment losses. All Costs incurred to bring a tangible fixed asset into its intended working condtiion should be induded in the measurement of cost. Depreaation is tharyed so as to allocate the r))St of tangible fixed assets less their residual value over their estimat&J u5efvl lives, . Depreuation is kyovided on the follrrmng basis: Office equipment Computer equipff*nt 25% straigm line 33% straight line 1.8 Debtors Trade and other debtors are rnj at the settlement amount after any trade discount offered. prepaynts are valued at the aUnt prepaid net of any trade discounts due. 1.9 Cash at bank and In hand Cash at bank 8fKI in hand indudes cash 8rMI short-lerm hhjhly liquid investments wrth a short maturrty of three MOntt or le&s from the date of acquisition or opening of the depostt or SiTnilar accounL Page 21
VOICE 21 LTD (A Company Limlted by Guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng policies (continued) 1.10 Liabililios and provlslons Liabilities are reeognised when there is an obligation at the Balan Sheet date as a result of a past event. il is probable that a transfer of economic benefft will i% required in settlement, and Ihe amount of the settlement can be estimated reliably. Liabiliknes are recc¥Jnised at the amount that the Company anticipates it will pay to settle the debt or the amount f( has reIVed as advanced payllts for the gtJ)ds or services it must provide. Provisions are measured at the tst estimate of the amounts required to settle the obligation. Where the effect of the time value of money is materi81. the provision is based on Ihe present value of those amounts. dIsLUted at the pre-tax discount rate that reflects the risks specific to the liabilty. The unwnding of the discount is recognised in the Statement of Financs31 Activities as a finance cost. 1.11 Flnancial in$truments The Company only has finanoal assets and finanal liabiltties of a kind that qualify as basic financial instruments. Basic financial instruments are initially reccgnised al transaclion value and sUbseqUenY measured at their settlement value with the exceplion of bank loans which are sUbSequenY measured at amth"1 cost using the effe(ve interest method. 1.12 Pensions The Company OFerates a defined ntribuOn Fension s(tsme and the pensi)n charg8 repr9sents the amounts payable by the Company to the fund in res1 of the year. 1.13 Fund •¢counting General funds are unrestri(ed funds are available for use at the discretion of the Twstees in furtheran of Ihe general objectives of the Company and which have not been designaled for other purwses. Restricted fvnds a funds which are to be used in accordance with speufic restrictions imposed by donors or which have raised by the Company for particular wrposes. The costs of raising and administering such funds are tharged against the SpefiC fund. The aim and use of each restricted fund is set out in thg notes to the financial ststements Investment income. gains and losses are as1oca to the appropriate fvnd. Page 22
VOICE 21 LTD IA Company Limited by Guarant*) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Income from donatlons and legacies Unrntrlcted Restricted funds funds 2025 2025 Total funds 2025 Tot81 fijnds 2024 Grants 801.892 121.709 923.601 631.544 Tot812024 411,910 219,634 631.544 Income from charftable activities Unrestri¢tod funds 2025 Total funds 2025 Total funds 2024 Education 3,056.631 3.056.631 2,543,784 Total 2024 2,543,784 2,543. 784 Invgstsnent income Unrestricted funds 2025 Total funds 2025 Total fvnds 2024 Investmenl income 52.654 52.654 12,262 Total 2024 12.262 12,262 Page 23
VOICE 21 LTD IA Company Limited by Guarnntee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysls of expendlthre by acllvitles undertaken dirgc Support Totsl fvnds 2025 Total fvnds 2024 2025 2025 Education 3,232,101 343,252 3.575.353 3,325,078 Total 2024 2.962.6 362,428 3,325,078 Analysis of direct costs Total funds 2025 Total fijnds 2024 Slaff costs Travel & accommodation Consulling Resour production Event costs Advertising & marketing Agency costs 2,692,027 141,230 29.880 47.036 218,720 10,307 92,901 2.340,030 175,608 67,462 36,835 189. T41 1. 104 151.870 3.232.101 2,962,650 Page 24
VOICE 21 LTD IA Company Llmlled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Analysls of expendlture by actlvllles (contlnul Analysls of stspport ¢osts Total funds 2025 Total funds 2024 Recmilment and develop Sundry expenses Subscription$ Computer costs Tdecommunicalions Professional fees Accountancy fees Depreciation arKI amorbsation Rent & rates Insuran Conference fees 52,275 4,369 123,676 3,288 2.051 76,082 8.812 95.538 13,654 20. 760 21. 718 9.924 73,113 34,635 8,192 9.924 98,768 35,044 7.924 5.897 343.252 362,428 Auditors. rgmuneralion 2025 2024 Fees payable to the Companys ali10r for the audit of the Companys annual a¢nts 10.230 9.924 Staff costs 202S 2024 Wages and salaries Social security Costs Contrfbutlon to defined contribution pension sche5 2.318.441 255,023 118,563 2.026.876 213,370 99. 784 2,692,027 2,340,030 Page 25
VOICE 21 LTD (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 staff costs (contlnued) The average number of pernon$ eryjloyed by the Company durirKJ the year was as follows: 2025 No. 2024 Staff The number of employees Wh employee nefftS lexduding employer pension costs) exceeded £60,OCKJ was: 2025 No. 2024 In the band £60.001 - £70.000 In the band £70.001- £80.000 In the band £80.001- £,000 Trnstees. remuneration and ex59$ During the year. no Trustees received any remuneration or other beneffts (2024 - £NIL). During the year ended 31 Aust 2025. expenses totalling £587 We reimbursed or paid directly to 4 Trustees (2024 - £1,943 to 2 Truste8sJ. Eynses related to trustees meetings held during the year. Page 26
VOICE 21 LTD IA Company Limited by Guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Intsngible assets Website Cost At 1 September 2024 244,036 At 31 AUst 2025 244,036 Amortisation At 1 September 2024 Charge for the year 101273 74,089 At 31 August 2025 175,362 Net book value At 31 August 2025 68,674 At 31 Augusl 2024 t42, 763 Page 27
VOICE 21 LTD (A Company Llmlted by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 10. Tangible fixed assets Office Computgr oquipment oquipment Totsl Cost or valuatlon At 1 September 2024 Additions 15,108 2,195 90,340 35,617 105,448 37,812 At 31 August 2025 17,303 125.957 143,260 Depreclatlon At 1 September 2024 Charge for the year 5.907 926 65.551 24,679 23,753 At 31 August 2025 6,833 83,397 90,230 Net book value At 31 August 2025 10,470 42.560 53.030 At 31 August 2024 9,201 30,696 39,897 11. Debtors 2025 2024 Due within one year Trade debtors Other debtors Prepayments and accrued InMe 1,430,117 2,572 128,379 704,529 2.404 141.412 1.561.068 848,345 12. Current asset investsnents 2025 2024 Flagstone investsments 1.141.241 850,627 Page 28
VOICE 21 LTD (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 13. Creditors: Amounts falllng due within yèar 2025 2024 Trade ueditors Other taxation and social security Pension fund loan payable Accnjals and deferred income 100,324 68,309 20,485 2.975,074 16,563 170,398 17,190 2.191.443 3.164.192 2,395,594 2025 2024 Deferred income at 1 September 2024 Resour deferred during the year Amounts leaSed from previous p8ri(xJs 2.176.454 1. 739,934 2,898221 2. 176,545 12,176,545) (1, 739.934) 2.898.130 2, t76,545 At the balan sheet date. the charrty was holding fvnds received in a¢fvance for prc4Jrammes starting after 1 September 2025. 14. Financlal Instruments 2025 2024 Financial assets Financial assets measured at fair value through inrne arKI exF*nditure 2.612.087 2,037.723 Financial assets measured at fair value through income and expenditure comprise c2sh at bank. Page 29
VOICE 21 LTD (A C¢Mnpany Llmlted by Guaran) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. Ststornenl of fvn(ts statement of funds - current year Balance at 1 September Balanco at 31 August 2025 Income Expendlture Unrnstricted funds Ggneral Funds - all funds 626,355 3,911,177 (3A06,8651 1.130,667 Restricted fund5 The Dufverton Trust Allan and Gill Gray The Considered Ask FourKlatv)n Fi(Jelity Westminster Foundation Network for Soeial Change Minton Charitable Trust (521 19511 (45,0331 17431 (27,5691 (19.140} r15,01)0 951 45,033 743 19.140 7S,I)00 46.779 121,709 1168,488) Totsl offunds 673.134 4.032.886 13.575,353) 1,130,667 Page 30
VOICE 21 LTD IA Company Limitgd by Guaranlee) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. Statement of funds (continuod The Dulverton Trust - Fundirvj for a tsvcpyear action researc project Ivoicing vbulary) to improve vocabulary in Key Stage 2 and 3 students through a cyoss-phase approach to oracy in secondary and primary feeder school dusters in Leicesler. the Black County and Pendle. Allan and Gill Gray - Regional develoFMnent of Hub Schools. The vol 21 Oracy Institute and Student Outcomes Assessment Pilot. Fidelty UK - FundirMJ for Technology to devekF membership management functionality for the Oracy Schools Programme. The Considered Ask Foundation Iformety The Big Ask FtsJThlalionl - Funding a dedicated drive lo irnprove students. oracy in ')Id-s)ts, _ North-East. Yorkshire & Humber and East Midlands - ensuring our 8UPPOrt reaches an addiknonal 138.779 students that need it most. Minton Charitable Trust - Commtts to SUPF)Ort development work lo deliver improved educational attainment for students from disathantaged backgrounds in the North and North West of England. Wegtrninster Foundation - Funding received in respec for rental expenses. Netsvork for Soci81 Change - Funding provided to deliver the project "EmbJdlng Oracy lo support students wrth Special Educatbonal Needs or Disabilities (SEND)". The transfer between funds relates to the use of general fvnds on restricted projects. Page 31
VOICE 21 LTD (A Company Limited by Guardntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 15. Statement of funds (continu•d) Statement of funds - prior year Balan at 31 August 2024 1 September 2023 Transfe Unrestrlcted funds General Funds- all funds 764.37T 2.967,956 (3, 104.913) (1,065) 626,355 Rg$trictsd funds The Dulverton Trust Allan & Overy Allan and Gill Gray The Considered Ask Foundation Fidelity Westminster Foundation Nthork for Swal Change Minton Char[take Trust 52 25.(7 (25.464) 951 951 45.242 45.375 (K584J (47.757) (5.759) (20.024) (7&577) 45,033 743 5, 759 20,L 75.C 24 577 46.245 219.634 (220, 165) 1.065 46. 779 Total of fuTrd8 810.622 3. 187,590 (3,325,078) 673, 734 Page 32
VOICE 21 LTD IA Company Llmlted by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 202S 16. Summary of funds Summary of funds - current yoar Balance at 1 septnb8r 2024 Balan¢e at 31 August 2025 Income Expenditure General fijnds Restricted funds 626.355 3.911.177 13,406,865) 1,130,667 46.T19 121.709 (168,488) 673.134 4.032.886 13,575,353) 1,130.667 Summary of funds - Pflor year Balance at I September 2023 Balance 8t 31 August 2024 Trdnsfe in/out lfftx¥ne Expenditu General funds Restricted funds 764,377 46.245 2,967,956 (3, 104,913) 219.634 (220. 165) (1,065) t,065 626,355 46, 779 870,622 3, 187,590 (3.325,078) 673, 134 17. Analysis of net assets betYen funds Analysis of net assets betwn funds - currnnt year Unrestricted funds 2025 Totsl funds 2025 Tangible fixed assets Intangible fixed assets Current assets Credrtors due within one year $3,030 53,030 68.674 68.674 4.173,155 4,173.155 {3.164,192) 13,164,192) Total 1,130,667 1.130.667 Page 33
VOICE 21 LTD (A Company Limited by Guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 17. Anatysis of net assets bet*pen funds (conllnued) Analysls of net assets bet¥wen fvnds- prior yoar un$[¢ted Restricted funds fvnds 2024 2024 Total funds 2024 Tangible fixed assets Intangible fixed assets Current assets Creditors due within one year 39.897 142. 763 2.839,289 (2.395,594) 39,897 142, 763 2.886,068 (2.395.594) 46. 779 Totsl 626.355 46, 779 673, 134 18. Roconciliation of net movement In funds to net cash flow from operating activities 2025 2024 Net incomelexpenditure for the yEar {8s w Statement of Finanryal Activities) 457,533 (137,488) Adjustments for: Depreciation charges Amortisation tharges Decreasellincrease) in debtors Increase in creditors Deposit into Flagstone account 24.679 74,089 {712,7231 768.598 1290,614 25.479 47,634 557.526 560,004 (850,627) Nel cash provlded by operatlng activities 321.562 202,528 19. Analysls of cash and cash equivalents 2025 2024 Cash in hand 1.470.846 1,187,096 Total cash and cash equlvalents 1,470.846 1,187,096 P4e 34
VOICE 21 LTD IA Company Limited by Guarantsg) NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 AUGUST 2025 20. Analysls of ¢hangos in net debt At1 September 2024 Cash flov• At31 August 2025 Cash at bank and in hand Debl due within 1 year Lwuid investments 1,187.096 {17,190 850.627 283,750 1N70,846 (3.2951 120,485) 290.614 1,141.241 2,020,533 571.069 2,591,602 21. Penslon commitments The company operates a defined contritMJlion 510n scheme. The assets of the scheme are held separately from those of the group in an independenY administered fvnd. The pension cKJst chargg represents contributions payable by the company to the fund and amounted to £118,56312024.' £99,784}. The balan outstanding at the baTran sheet date was £20.485 {2024.' £17,190}. embfrrs, liability Each member of the charitable company undertakes to contribute to the assets of the company in the event of il being wound up while helshe is a member. or wilhin one year after helshe aSeS lo be a member, such amounl as may be required. Th)t exceeding £10 for the debts and liabilities contracted before helshe ceases to be a member. 23. Relaled party trangactions During the year payrwts were made to School 360 of £NIL (2024.. £22.5751. At the balance sheet date the amount outstanding from School 360 was £NIL12024: £NIL). Sthwl 360 is an academy within the Big Education Trust, whith previoUY held the Guarantee. Controlling party Until 31 August 2025. the entity w&8 urnler the control of Big Edueat50n Trust as part of its group structure. Following this dale, the enlty ceased to be a rnember of the Big Education Trust group. Page 35