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: 

- i) To advance education, in particular in speaking, listening and writing skills; 

- ii) To encourage the participation of young people in society by developing their skills, capacities and capabilities, in particular by delivering programmes, training and publishing educational materials. 

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: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

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: 

- there is no relevant audit information of which the charity’s auditors are unaware; and 

- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 

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**<br>Note<br>**2022**<br>**£**<br>**Current assets**<br>Debtors<br>6<br>**65,335**<br>Cash at bank and in hand<br>**228,872**|**2021**<br>**£**<br>97,092<br>52,400|
|---|---|
|**294,207**|149,492|
|**Creditors: Amounts falling due**<br>**within oneyear**<br>7<br>**(104,474)**|(28,394)|
|**Net current assets**<br>**189,733**|121,098|
|**Net assets**<br>**£189,733**|£121,098|
|**Funds**<br>Unrestricted<br>8<br>**188,348**<br>Restricted<br>8<br>**1,385**|121,098<br>-|
|**£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**|<br>**Total**|**Unrestricted**|**Restricted**|<br>**Total**|
||**Funds**|**Funds**|<br>**Funds**|**Funds**|**Funds**|<br>**Funds**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|Fees from workshops|**415,910**|**9,695**|<br>**425,605**|172,695|82,800|<br>255,495|
|Grant Income|**245,000**|**41,250**|<br>**286,250**|196,800|-|<br>196,800|
||**660,910**|**50,945**|<br>**711,855**|369,495|82,800|<br>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**|<br>**Total**|**Unrestricted**|**Restricted**|<br>**Total**|
||**Funds**|**Funds**|<br>**Funds**|**Funds**|**Funds**|<br>**Funds**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|**_Government Grants:_**|||||||
|JRS Furlough Income|**610**|**-**|<br>**610**|48,023|-|<br>48,023|
|COVID-19 Grant Income|**-**|**-**|<br>**-**|10,500|-|<br>10,500|
|**_Donations:_**|||||||
|Donations & Cash Back|**3,336**|**-**|<br>**3,336**|7,804|-|<br>7,804|
||**3,946**|**-**|<br>**3,946**|66,327|-|<br>66,327|



- 4 **ANALYSIS OF RESOURCES EXPENDED** 

|**ANALYSIS OF RESOURCES EXPENDED**|**ANALYSIS OF RESOURCES EXPENDED**|
|---|---|
|**Year**<br>**31 August** **2022**<br>**Year**<br>**31 August 2021**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total**<br>**Funds**<br>**Unrestricted**<br>**Funds**<br>**Restricted**<br>**Funds**<br>**Total**<br>**Funds**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**_Direct Costs:_**<br>Trainer Fees<br>**377,856**<br>**24,744**<br>**402,600**<br>126,193<br>79,307<br>205,500<br>Programme Expenses<br>**13,557**<br>**1,299**<br>**14,856**<br>633<br>401<br>1,034<br>Marketing and Advertising<br>**-**<br>**-**<br>**-**<br>335<br>335<br>Staff Costs<br>**74,146**<br>**11,750**<br>**85,896**<br>53,420<br>27,710<br>81,130||
|**466,559**<br>**37,793**<br>**503,352**<br>180,581<br>107,418|287,999|
|**_Support Costs:_**<br>Staff Costs Net Recharges<br>**97,420**<br>**7,265**<br>**104,685**<br>87,836<br>-<br>Travel & Accommodation<br>**4,972**<br>**438**<br>**5,410**<br>2,075<br>-<br>Accountancy Services<br>**6,854**<br>**566**<br>**7,420**<br>3,689<br>-<br>Insurance<br>**1,062**<br>**83**<br>**1,145**<br>1,308<br>-<br>IT Infrastructure<br>**3,792**<br>**734**<br>**4,526**<br>4,587<br>-<br>Marketing Consultancy<br>**10,999**<br>**1,568**<br>**12,567**<br>-<br>-<br>Mentoring & Training<br>**-**<br>**-**<br>**-**<br>2,900<br>-<br>Interim Director Services<br>**2,136**<br>**744**<br>**2,880**<br>4,320<br>-<br>Office Costs<br>**4,812**<br>**369**<br>**5,181**<br>2,810<br>-|87,836<br>2,075<br>3,689<br>1,308<br>4,587<br>-<br>2,900<br>4,320<br>2,810|
|**132,047**<br>**11,767**<br>**143,814**<br>109,525<br>-|109,525|
|||
|Total Expended<br>**597,606**<br>**49,560**<br>**647,166**<br>290,106<br>107,418|397,524|



- 5 **EMPLOYEES** 

|**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** 

- 6 **DEBTORS** 

|**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. 

- 7 **CREDITORS: AMOUNTS FALLING 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**<br>**Total Funds**<br>**bought**<br>**forward**<br>**Total**<br>**Incoming**<br>**Resources**<br>**Total**<br>**Resources**<br>**Expended**<br>**Transfers**<br>**between**<br>**Funds**<br>**£**<br>**£**<br>**£**<br>**£**<br>**Unrestricted Funds**<br>General Funds<br>121,098<br>664,856<br>(597,606)<br>-|**Total Funds**<br>**carried**<br>**forward**<br>**£**<br>188,348|
|---|---|
|**121,098**<br>**684,856**<br>**(597,606)**<br>**-**|**188,348**|
|**Restricted Funds**<br>**_Foundations, partnerships and organisations_**<br>Dancop<br>**-**<br>6,300<br>(5,703)<br>-<br>Future U<br>**-**<br>1,500<br>(1,359)<br>-<br>GwE<br>**-**<br>1,895<br>(1,895)<br>-<br>Jack Petchey Foundation<br>**-**<br>41,250<br>(40,603)<br>-|597<br>141<br>-<br>647|
|**-**<br>**50,945**<br>**(49,560)**<br>**-**|**1,385**|
|||
|Total Funds<br>**121,098**<br>**715,801**<br>**(647,160)**<br>**-**|**189,733**|



- 9 **ANALYSIS DEFERRED REVENUE** 

||**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