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2022-08-31-accounts

Registered Charity Number: 1161251

TALK THE TALK

UNAUDITED FINANCIAL STATEMENTS

YEAR ENDED

31 AUGUST 2022

TALK THE TALK CONTENTS

Page:

1 Reference and administrative details
2 - 4 Report of Trustees
5 Independent Examiner’s Report
6 Statement of Financial Activities
7 Balance Sheet
8 - 11 Notes to the Financial Statements

Financial statements 31 August 2022

Registered number : 1161251

1

TALK THE TALK

COMPANY INFORMATION

Status The organisation is a Charitable Incorporated Organisation (CIO),
registered on 13 April 2015
Charity Number 1161251
Trustees Lynn Chandler
Jacob Dowling
Elizabeth Lloyd
Operational Address 5th Floor, Mariner House,
62 Prince Street,
Bristol
BS1 4QD
Auditors R J Francis & Co
Suite 1 & 2, Marshall Business Centre
Faraday Road
Hereford
HR4 9NS
Bankers Clydesdale Bank
154-158 Kensington High Street
London
W8 7RL

Financial statements 31 August 2022

Registered number : 1161251

2

TALK THE TALK

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

The trustees present their report and audited financial statements for the period ended 31 August 2022.

The financial statements, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.

Structure, governance and management

Structure

Talk The Talk was founded by grant-making trust, Four Acre Trust, in 2013. The trustees of Four Acre Trust had identified that oracy was not prominent in schools and felt that it should be more widely recognised and included across the school curriculum. Talk The Talk became a charitable incorporated organisation (CIO) in April 2015. Talk The Talk became independent of Four Acre Trust on 1 September 2019 when it started to undertake charitable activities in its own right.

Governance

Legal responsibility for the governance of the CIO is vested in the Trustees. There must be at least three and no more than 12 charity trustees. Trustees are appointed for a term of three years and have the option to put themselves forward to be re-appointed for a further three years. Trustees are selected to ensure that there is the necessary balance of skills, knowledge and experience needed for the effective administration of the CIO.

New Trustees are made aware of the duties and responsibilities of a Trustee through publications such as The Essential Trustee CC3 issued by the Charity Commission. Trustees are also given a copy of the CIO’s Constitution dated November 2014. New Trustees are provided with an introduction to Talk The Talk by the Chair, other Trustees and employees.

Trustees

The Trustees who served during the year are:

Paul Bullen-Smith (resigned 8 June 2022) Lynn Chandler Jacob Dowling Karen Frost (resigned 8 June 2022) Elizabeth Lloyd Ellen Mukwewa (resigned 22 March 2021) David Taylor (resigned 1 February 2022)

Lynn Chandler was appointed Chair of Talk The Talk on 1 October 2022 September 2021 on the resignation of Karen Frost as Chair.

Elizabeth Lloyd was appointed Chair of Talk The Talk on 8 June 2022 on the resignation of Lynn Chandler as Chair.

Subsequent to the year end, Talk The Talk appointed a number of new Trustees.

Management

The charity is managed by the Executive Director who, supported by a small team, is responsible for the day-to-day operations and management of Talk The Talk. In August 2022 the team comprised the Executive Director, Mark Farmer, Richard Edkins, Sales Liaison Director and three part-time administrators and had a bank of 36 trainers, who work on a freelance basis to deliver workshops. Each trainer enters a structured and supported induction process before being signed off by Talk The Talk.

Objectives and activities

Objectives

The objects of the charity are for the public benefit:

Financial statements 31 August 2022

Registered number : 1161251

TALK THE TALK 3

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

Activities

Talk The Talk has a suite of four student workshop programmes and a Continuing Professional Development programme for teachers. These workshops offer educational support at different stages of a student’s journey through secondary school. Across all Workshop Impact Report measures, the young people involved reported making positive progress. For example, at the end of Talk The Talk Communication, they felt on average 55% more confident and 63% more knowledgeable about the skills required to verbally communicate effectively compared to their feelings at the outset of the workshop.

Talk About Transition

Making a successful move to secondary school is vital for students’ confidence, self-esteem and academic achievement. Talk About Transition supports these students using oracy-based activities and strategies to develop greater self-confidence and resilience to support the successful transition from primary to secondary school.

Talk About Communication and Talk About Communication Plus

Getting up and speaking to a group of people can be unnerving whoever you are. Talk About Communication is an engaging confident masterclass that teaches and develops the use of structure in presentations, essay writing and exam answers. Students are taught to identify and use persuasive language techniques to get their message across. Talk About Communication Plus builds on the Talk About Communication programme and focuses on Group Talk, Debating, Negotiation and Listening Skills, providing students with practical opportunities to put these to the test.

Talk About The Future

Leaving school to enter the world of work, further training or education is both an exciting and daunting time. The prospect of independence is often overwhelming. Talk About The Future supports students preparing to leave school or college by developing the competencies needed to take this next step with confidence and a positive mind-set.

The charity provides a suite of free online resources, on its website – https://talkthetalkuk.org/resources/ designed to encourage teachers to embed the oracy skills learned by students during workshops.

Talk The Talk also provides Teacher CPD workshops to support teachers in developing the skills to build oracy into their teaching; modelling positive communication, establishing success criteria for oracy and implementing structure. The programme is bespoke for each school and usually embraces time with head teachers, the senior leadership team and teachers.

Achievements and performance

During the year, Talk The Talk achieved its charitable objectives by running over 1200 student and staff workshops reaching over 33,000 young people at 256 different schools. This was a busy year – in fact, the busiest in the charity’s history with many schools’ leaders recognising how much confidence had been dented by the effects of the pandemic on young people.

Financial Review

During the year Dancop very kindly donated £3,000 of monies paid in advance in 2019/20 for workshops but not utilised in either 2020/21 or 2021/22 to Talk The Talk.

In the year ended 31 August 2022, the charity received income of £711,855 (2021 - £452,295) from charitable activities; grants and donations received in the year amounted to £3,946 (2021 - £66,327); and the charity incurred expenditure of £647,166 (2021 - £397,524) on charitable activities. The surplus for the year was £68,635 (2021 - £121,098).

Reserves Policy

Talk The Talk holds unrestricted reserves to ensure that its activities remain financially viable in the long term and to guard against unexpected events. The charity’s reserves policy is to hold unrestricted reserves sufficient to cover three to four months’ operating costs. The time frame of three to four months, in the opinion of the Board, would allow for Talk The Talk to wind down smoothly meeting all its obligations should the charity decide or be compelled to cease its activities.

At the end of the financial year, Talk The Talk’s unrestricted reserves were higher than the stated reserves policy. This was felt to be appropriate given the requirement to seek new ways of working or new sources of funding as there is no Four Acre Trust grant funding for 2022/23.

Plans for the Future

Financial statements 31 August 2022

Registered number : 1161251

TALK THE TALK

4

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022

Four Acre Trust has funded Talk The Talk since its inception and is in the process of spending out its residual funds. Therefore, the charity needs to access alternative funds to fulfil its charitable objectives. Success has already been achieved through funding from the Ashley Foundation which supports workshops delivery in Wales. Other areas receiving funding included Hertfordshire for Herts for Learning and SEREN in Wales while The Jack Petchey Foundation helped fund workshops delivered to London schools. Meanwhile, Talk The Talk is supporting schools to find ways of affording this important intervention. Some schools are taking the new Express version of the workshops which offers a condensed but nonetheless effective version of the programme.

Bookings for the future appear promising but clearly the full cost recovery prices, particularly in the current political and economic circumstances, presents a tougher budget responsibility for schools. Talk The Talk will continue in its endeavour to find partnerships with grant makers to develop our work.

Statement of Trustees’ responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and regulations.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with The Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Board of Trustees on 1[st] March 2023 and signed on its behalf by

Elizabeth Lloyd Chair

Financial statements 31 August 2022

Registered number : 1161251

TALK THE TALK

5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF TALK THE TALK FOR THE YEAR ENDED 31 AUGUST 2022

I report to the charity trustees on my examination of the accounts of Talk the Talk Charity for the year ended 31 August 2022.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Name: A A Houston

Date: 1[st] March 2023

R J Francis & Co Suite 1 & 2, Marshall Business Centre Faraday Road Hereford HR4 9NS

Financial statements 31 August 2022

Registered number : 1161251

TALK THE TALK 6

STATEMENT OF FINANCIAL ACTIVITIES

(incorporating the income and expenditure account) FOR THE YEAR ENDED 31 AUGUST 2022

Year Ended Year Ended
Note 31 August 31 August
2022 2021
Unrestricted Restricted
Funds Funds Total Funds Total Funds
£ £
Incoming Resources
Charitable activities 2 660,990 50,945 711,855 452,295
Donations and grants 3 3,946 - 3,946 66,327
Total Incoming Resources 664,856 50,945 715,801 518,622
Resources Expended
Charitable activities 4 597,606 49,560 647,166 397,524
Total Resources Expended 597,606 49,560 647,166 397,524
Net income/(expenditure) 67,250 1,385 68,635 121,098
Transfers Between Funds 8 - -
Total Funds brought forward 121,098 - 121,098 -
Total Funds carried forward £188,348 £1,385 £189,733 £121,098

All of the above amounts relate to continuing activities.

The Charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

Financial statements 31 August 2022

Registered number : 1161251

TALK THE TALK 7

BALANCE SHEET

AS AT 31 AUGUST 2022

Company Number : 08260115
Note
2022
£
Current assets
Debtors
6
65,335
Cash at bank and in hand
228,872		 2021
£
97,092
52,400
294,207 149,492
Creditors: Amounts falling due
within oneyear
7
(104,474)		 (28,394)
Net current assets
189,733		 121,098
Net assets
£189,733		 £121,098
Funds
Unrestricted
8
188,348
Restricted
8
1,385		 121,098
-
£189,733 £121,098

The financial statements were approved by the Board of Trustees and authorised for issue on 1[st] March 2023.

Elizabeth Lloyd Chair

Financial statements 31 August 2022

Registered number : 1161251

TALK THE TALK 8

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2022

1 ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by way of performance.

Incoming resources from grants, where no specific pre-conditions exist, are recognised as they become receivable.

Voluntary income received by way of grants, donations and gifts are recognised when receivable.

Incoming resources from charitable trading activities are accounted for when the service is provided unless this is grant funded.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Charitable expenditure comprises costs incurred by the charity in the delivery of its activities for its beneficiaries. It includes both costs that can be directly allocated to such activities and those costs of an indirect nature necessary to support them.

Support costs are costs incurred that assist the work of the charity but do not directly represent charitable activities and include payroll costs and office costs. Support costs have been allocated to expenditure on charitable activities on a basis that is consistent with the use of the resources.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds are those funds which are available for use at the discretion of the Trustees in furtherance of the charitable objectives of the charity.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes within the objects of the charity. The costs administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

The fund balance represents the unexpended resources held within the fund, that is, its assets less liabilities.

2 INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

Year Year
31 August 2022 31 August 2021
Unrestricted Restricted
Total		 Unrestricted Restricted
Total
Funds Funds
Funds		 Funds Funds
Funds
£ £ £ £ £ £
Fees from workshops 415,910 9,695
425,605		 172,695 82,800
255,495
Grant Income 245,000 41,250
286,250		 196,800 -
196,800
660,910 50,945
711,855		 369,495 82,800
452,295

Financial statements 31 August 2022

Registered number : 1161251

TALK THE TALK 9

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2022

3 DONATIONS, GRANTS & OTHER INCOME

Year Year
31 August 2022 31 August 2021
Unrestricted Restricted
Total		 Unrestricted Restricted
Total
Funds Funds
Funds		 Funds Funds
Funds
£ £ £ £ £ £
Government Grants:
JRS Furlough Income 610 -
610		 48,023 -
48,023
COVID-19 Grant Income - -
-		 10,500 -
10,500
Donations:
Donations & Cash Back 3,336 -
3,336		 7,804 -
7,804
3,946 -
3,946		 66,327 -
66,327
ANALYSIS OF RESOURCES EXPENDED ANALYSIS OF RESOURCES EXPENDED
Year
31 August 2022
Year
31 August 2021
Unrestricted
Funds
Restricted
Funds
Total
Funds
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
£
£
£
Direct Costs:
Trainer Fees
377,856
24,744
402,600
126,193
79,307
205,500
Programme Expenses
13,557
1,299
14,856
633
401
1,034
Marketing and Advertising
-
-
-
335
335
Staff Costs
74,146
11,750
85,896
53,420
27,710
81,130
466,559
37,793
503,352
180,581
107,418		 287,999
Support Costs:
Staff Costs Net Recharges
97,420
7,265
104,685
87,836
-
Travel & Accommodation
4,972
438
5,410
2,075
-
Accountancy Services
6,854
566
7,420
3,689
-
Insurance
1,062
83
1,145
1,308
-
IT Infrastructure
3,792
734
4,526
4,587
-
Marketing Consultancy
10,999
1,568
12,567
-
-
Mentoring & Training
-
-
-
2,900
-
Interim Director Services
2,136
744
2,880
4,320
-
Office Costs
4,812
369
5,181
2,810
-		 87,836
2,075
3,689
1,308
4,587
-
2,900
4,320
2,810
132,047
11,767
143,814
109,525
-		 109,525
Total Expended
597,606
49,560
647,166
290,106
107,418		 397,524
EMPLOYEES
Year Year
31 August 2022 31 August 2021
£ £
Wages and salaries 167,630 155,761
Social security costs 11,484 9,842
Payments to defined contribution pension scheme 3,553 3,363
182,667 168,966

The average number of employees during the year was 6.1 equating to 4.8 FTEs (2021 – 6 equating to 4.8 FTEs).

Employees are included in the workplace pension scheme.

No employee received a salary of more than £60,000 (2021 -nil).

Financial statements 31 August 2022

Registered number : 1161251

TALK THE TALK 10

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2022

DEBTORS
2022 2021
£ £
Trade debtors 48,786 24,000
Due from grant funder - 67,500
Other debtors 13,823 2,888
Prepayments 2,726 2,704
65,335 97,092

All amounts are due within one year.

2022 2021
£ £
Trade creditors 3,113 4,424
Due to grant funder 25,500 -
Deferred income Note 9 74,645 22,295
Accruals 1,216 1,675
104,474 28,394

8 ANALYSIS OF NET MOVEMENT IN FUNDS

Year 31 August 2022
Total Funds
bought
forward
Total
Incoming
Resources
Total
Resources
Expended
Transfers
between
Funds
£
£
£
£
Unrestricted Funds
General Funds
121,098
664,856
(597,606)
-		 Total Funds
carried
forward
£
188,348
121,098
684,856
(597,606)
-		 188,348
Restricted Funds
Foundations, partnerships and organisations
Dancop
-
6,300
(5,703)
-
Future U
-
1,500
(1,359)
-
GwE
-
1,895
(1,895)
-
Jack Petchey Foundation
-
41,250
(40,603)
-		 597
141
-
647
-
50,945
(49,560)
-		 1,385
Total Funds
121,098
715,801
(647,160)
-		 189,733
As at Monies Transferred As at
1 September Incoming Released As To Reserves 31 August
2021 Monies Donations On Delivery 2022
£ £ £ £ £
Foundations, Partnerships & Organisations 12,695 100,000 (3,000) (50,945) 58,750
Schools, Colleges & Multi Academy Trusts 9,600 29,095 - (22,800) 15,895
22,295 129,095 (3,000) (73,745) 74,645

Amounts received from schools, colleges and multi-academy trusts are payments in advance for workshops to be delivered. The charity does not classify this deferred income as unrestricted reserves until the workshop is delivered as the charity does not have the right to the income and repayment of the monies can be requested. On delivery of the workshop, the income is transferred to unrestricted funds.

Financial statements 31 August 2022

Registered number : 1161251

TALK THE TALK 11

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 AUGUST 2022

9 ANALYSIS OF NET MOVEMENT IN FUNDS (continued)

Amounts received from foundations, partnerships and organisations as payments in advance for workshops to be delivered to schools meeting the specific criterion set by the foundation, partnership or organisation who has made the payment in advance are not classified as restricted reserves until the workshop is delivered as the charity does not have the right to the income and the foundation, partnerships or organisations who made the payment can request the money be returned in the event of nondelivery. When the deferred income is released, on delivery of the workshop, the income is shown in restricted funds. The movement on deferred income for foundations, partnerships or organisations is as follows:

Monies
As at Monies Transferred
1 September Incoming Released As To Reserves As at 31
2021 Monies Donations On Delivery August 2022
£ £ £ £ £
Restricted Funds
Foundations, Partnerships & Organisations
Ashley Family Foundation - 10,000 - - 10,000
Dancop 9,300 - (3,000) (6,300) -
Future U 1,500 - (1,500) -
GwE 1,895 - (1,895) -
Jack Petchey Foundation - 90,000 - (41,250) 48,750
12,695 100,000 (3,000) (50,945) 58,750

10 RELATED PARTY DISCLOSURES

Karen Frost, through her company Values Based Leadership had been providing mentoring services to the Executive Director of Talk The Talk. On the resignation of the Executive Director in June 2021, Karen Frost took over the role of Executive Director on an interim basis for five months (June – October 2021) whilst the charity undertook a search for a new Executive Director. The Trustees considered Ms Frost undertaking the role of Interim Director was in the best interests of the charity given her knowledge and experience of Talk The Talk. In recompense for the undertaking the role of Interim Director which are and above normal trustee duties, the charity paid Value Based Learning a fee of £1,440 (including VAT) per month. The Board of Trustees considered the amount charged for the services provided to fair and considerably less than would have charged by a third party with similar qualifications and experience. Ms Frost received £2,880 for her role as acting Interim Director in the year to 31 August 2022.

Talk The Talk’s governing document allows the charity to pay for trustees for services that are over and above normal trustee duties. The Trustees have had regard to the requirements of the Charities Act 2011 in making payments to trustees.

11 RELATED PARTY DISCLOSURES

Four Acre Trust (Charity Number 1053884)., a grant making charity with historic links to Talk The Talk, made grant income donations to the Charity of £245,000 (2021- £196,800).

Financial statements 31 August 2022

Registered number : 1161251