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 M￿Jasla. 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
Charter￿1 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 effeCtiVer￿sS 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 h￿h 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 t*en fo￿91ng our efforts on those schools
serving the most economically disadvantaged communtties.
This yearfs Im
act Re
rt fo￿Sed 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 s￿nIficant prcoress during the past year, with long overdue
political and policy recognttion of the need lo value every yourwJ terson's v￿ce 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 Unde￿￿nding 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 edu￿￿or8 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 ser￿e 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 a￿1 ￿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 h￿j￿qU81ty w ed￿atIOn in their sd￿01$ 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 fi￿year 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 Ex￿llence. 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 sCh￿IS - paTkn(#Jlarly those from Voice 21 Oracy Schools.
Our annual cOnfe￿nCe, the vol￿ 21 Speaking Summrt. aims to raise awareness and understanding of oracy
within the education sector and in March 2025 The welco￿1 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 $gctor
As part of our efforts to strengthen the research and evidence base for oracy education, we continued lo
promote the Talk for Mafhs BenchMa￿S in partnership with Oxford UniveTW Press. We also supported the
English Association to host a round table di$￿$s1on with MP Peter Swallow to help establish oracy al the heart
of the plans for a new national Cuffic￿lum.
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 add￿onal language. and career-readiness. Members of the Voice 21
staff team spoke al a range of events induding the Festival of Edu￿tion. 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 Col￿ge 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. al￿sKIe 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.. EX￿llen￿, 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 annOUn￿rnents 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. loc*1 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.
Ne￿Ork 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 exF*Ctatbon thal the Company has
adequate reSoU￿S to ￿ntinue in operational existen￿ for the foreseeable future. For this reason, they
continue lo adopt the going con￿rn basis in preparing the financial SL￿ernents. Further details regarding the
adoption of the going cOn￿M 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 Un￿tricted 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. Ind￿lIfig 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 a￿OsS, 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 r￿jU￿, 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 diver￿1ng 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 IndUS￿n 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 L*mmunK2tion 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 hlgh*uallty oracy education
approach.
Mitigations:
Refresh brand and effective [￿Ssag1W to different mathet segments den￿nstratIng 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 ComMw￿al 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 ASso￿ation 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 gU￿lan￿.PubljC benefit= njnning a
charity IPB2)'.
Organlsatlonal structure and d•cision making
Ultimate responsibility for govemancg of vol￿ 21 lies wilh the Board of Trust*s, 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-t￿daY 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 u￿lef 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 aC￿rdanCe with applicab￿ law and United
Kingdom Accounting Standards {Uniled Kingdorn Generally Ac£epted Am)unting Practi￿1.
Company law requires the Trustees to prepare financial gtatemenls for each financial year. Under company
law. the Truslees Tnusl not approve the finan￿al 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 ￿lI￿e$ 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 exF￿ained in the finanaal statements..
prepare the finanryal slalemenls on the going 0)n￿rn 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 Finan￿al Reporting Slandard applicable in the UK
and Republic of Ireland. IUnitgJ lQngdom Generally Awed AcxJ)unting Practi￿).
In our opinion the finan￿al 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 a￿d8￿0 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 un￿rtaInbe5 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 ff￿nths 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.
ex￿pt 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 whetr￿r 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 stsIe￿￿nts.
the Trustees. Report has been prepared in accordan￿ with applicable1￿81 rwuirements.
Matters on whlch we are requlred to report by exception
In the lighl of our knowledge and Ur￿ers￿ndlng 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 (Ar￿Unts and Rewrtsl
Regulations 2008 requires us to rewrt to you rf. in our opinion:
the infomialion given in the Trustees. ReFKfft is In￿nSIstent in any material respect wih the financial
statements., or
sufficient aco)unting r￿d$ 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 ner￿Sary 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 respon￿ble for assessing the tharitable company's
ability to continue as a going concem, disclosing, as applicable. matters related to going cOn￿M 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 a￿eMatiVe 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 ￿t￿er 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-compl1a￿E kiws aThJ regulation5. We design
procedures in line with our responSi￿.1[￿e$. (MJUined a￿Ve. 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 Corro￿lated 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 SF￿Thc procedures performed to address these are deS￿bed 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 rnana9e￿￿t 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 [￿C￿eSs.,
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 COn￿lMen( foryery. Collu￿on. omission or misrepresentation.
A further deseription of our responsibilities for the audit of the financial StaIeff￿ts is located on the Financial
Reporting Councal's wetsite at.. wwN.frc.o
.uklauditorsres
n￿bIl[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
Cornpan￿5 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 I￿r 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 for￿4rd
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 Y￿1n 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 acknO￿edge 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 approv￿1 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
aC￿unting 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 ba￿8. The balance of
income received for S￿IfiC 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 ac￿ued.
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 inVo￿ed 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 a￿vil￿￿ 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
instit￿lon 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(OJni￿0n. 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 exI￿ted 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 re￿gnised at L￿St. 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 r￿n￿￿j at the settlement amount after any trade discount offered.
prepayn￿ts are valued at the a￿Unt 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 re￿IVed as advanced payll￿ts for the gtJ)ds or services it must provide.
Provisions are measured at the t*st 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. dIsL￿U￿ted 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 finan￿al liabiltties of a kind that qualify as basic
financial instruments. Basic financial instruments are initially reccgnised al transaclion value and
sUbseqUen￿Y measured at their settlement value with the exceplion of bank loans which are
sUbSequen￿Y measured at amth"*1 cost using the effe(*ve interest method.
1.12 Pensions
The Company OFerates a defined ￿ntribu￿On Fension s(tsme and the pensi)n charg8 repr9sents
the amounts payable by the Company to the fund in res￿1 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 Spe￿fiC 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 (contlnu￿l
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 a￿li10r 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 sche￿5
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 ex￿￿59$
During the year. no Trustees received any remuneration or other beneffts (2024 - £NIL).
During the year ended 31 A￿ust 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 A￿Ust 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 In￿Me
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 in￿rne 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 v￿bulary) 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 "Emb￿Jdlng 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[tak￿e 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
sept￿nb8r
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 bet*Yen funds
Analysis of net assets bet*wn 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 independen￿Y 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 previoU￿Y 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