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2022-03-31-accounts

TALK SURREY CIO

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Registered Charity No. 1176014

HAINES WATTS Chartered Accountants

Aissela 46 High Street Esher Surrey KT10 9QY

TALK SURREY CIO

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

CONTENTS PAGE
Charity information
 1
Report of the Trustees 2 to 6
Independent Examine
eport to the Trustees of
Talk Surrey CIO 7
Statement of Financial Activities (including
Income and Expenditure Account) 8
Balance Sheet 9
Notes to the Financial Statements 10 to 14
Non-statutory pages:
Detailed Income and Expenditure Account (Total) 15 to 16

TALK SURREY CIO

CHARITY INFORMATION


CHARITY NUMBER		 1176014
TRUSTEES
 Dr C Sacchett - Chair
Ms E Collins
Ms G Simmons
Mr D Gunn - Treasurer
Ms P Mitchell
Ms P Modi
Mr C Moon
REGISTERED OFFICE PO Box 655
Epsom
KT17 9NL
INDEPENDENT EXAMINER Haines Watts
Aissela
46 High Street
Esher
Surrey
KT10 9QY

1

TALK SURREY CIO REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2022

TALK SURREY CIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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 January2019).

OBJECTIVES AND ACTIVITIES

TALK Surrey CIO was registered as a charity (number 117604) on 27 November 2017.

The Charity's object, as set out in the constitution, is to relieve the communication needs of people with aphasia (primarily but not exclusively as a result of stroke) in the county of Surrey and surrounding area.

Aphasia is an acquired communication disorder caused by damage to the language processing centres of the brain. It can affect the ability to speak, read, write and understand what is being said, and can lead to frustration, loss of confidence and social isolation.

TALK aims to support people with aphasia by enabling them to practise all aspects of communication in a supportive environment, thus promoting confidence and leading to increased participation and independence within the community.

TALK fulfils its aims by providing long term communication and social support to people with aphasia after stroke by:

2

TALK SURREY CIO REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES

Significant activities

TALK has shown the necessary adaptability and agility to ensure continued regular support for its members during a challenging year. From April to October 2021, our weekly group meetings remained closed in line with government guidelines. Our staff continued to support group members and volunteers through weekly activity packs, regular phone calls and updates, maintaining a sense of community and connection. We also arranged online safeguarding training for all volunteers.

Following thorough risk assessments, we were very pleased to re-open our groups at all four of our venues (Walton-on-Thames, Ashford, Guildford and Knaphill) in October 2021. Our Operations Manager, Groups Coordinator and Health and Safety Lead Trustee worked extremely hard to ensure that we re-opened safely in line with all government and venue guidelines. We saw a slight drop in numbers of both group members and volunteers initially, but these have now increased following a successful volunteer recruitment campaign and the introduction of several new members into our groups. Our thanks go to all our volunteers and group leaders, whose enthusiasm and face-to-face support for our members helps to reduce social isolation and encourages community engagement.

We were very sorry to say goodbye to Hazel Steel, one of the founder members of TALK, who stepped down from the Board of Trustees earlier this year. We owe a huge debt of gratitude to Hazel, who contributed so much to TALK for over 20 years. She will be sorely missed, but we wish her well in the future. We also thank Gudrun Evans and Valerie Blake, two of our more recent Trustees, who also stepped down due to relocations. Finally, we also thank Alison Wainwright, who retired from her role as Groups Coordinator at the end of this year. Alison has been an invaluable staff member, providing weekly support to group leaders, volunteers and members.

The Board of Trustees and Executive Committee have continued to meet regularly. Projects completed this year strategy; review of our Equality, Diversity and Inclusion strategy; review and update of our Data Protection and Health and Safety policies. Our Fundraising Manager has continued to promote the work of TALK amongst current and potential funders and has been successful in ensuring that we remain in a secure financial position. We are grateful to all our funders and donors, large and small. We are confident that TALK is in a good position to continue its work and to meet its objectives in the future.

PUBLIC BENEFIT

TALK Surrey CIO provides long term communication and social support to people with aphasia following stroke or other brain injury.

The Trustees have given due consideration to the Charity Commission's published guidance on the Public Benefit requirement under the Charities Act 2011.

3

TALK SURREY CIO REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Financial position

The net result for the year to 31 March 2022 was a deficit of £3,346 (2021: surplus of £7,272). This is represented by a surplus of expenditure over income of £3,346 on unrestricted funds and break-even point on restricted funds.

Reported income for 2022 is £74,799 (2021: £78,511).

During 2022 TALK has continued to secure funding from grant-making trusts to provide a range of fully-funded activities at our weekly groups such as art therapy, music therapy and table top gardening. The Charity will continue to seek funding contributions from grant making trusts towards the operational staffing costs, so that more of our unrestricted funding can be used for the benefit of Group activities.

The total costs for the year are £78,145 (2021: £71,239). Meetings and workshops had been affected by the pandemic in 2021 but have resumed this year.

Trustees remain committed to carefully controlling expenditure and will continue to seek funding support for specific costs where appropriate.

Reserves policy

The Trustees have considered the Charity's reserves, bearing in mind the likelihood of any contingencies, which might arise. They believe a policy of maintaining unrestricted reserves at a level equivalent to six months' budgeted expenditure is appropriate at the present time. This will be reviewed annually.

Going concern

The trustees have considered the financial position of the charity are of the opinion that the charity is a going concern and the accounts have been prepared on that basis.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity is governed by a Constitution adopted on 27 November 2017.

Recruitment and appointment of new trustees

New Trustees are selected to bring to the Board such skills as the existing Trustees believe to be necessary for a balanced board. New Trustees are co-opted to the Executive Committee and elected to the Board at the following AGM. Existing Trustees wishing to stand for re-election are re-elected annually at the AGM.

Organisational structure

The Charity is managed by the Executive Committee. Responsibility for the day-to-day operations of the Charity has been delegated to the TALK Operations Manager (formerly known as the TALK Coordinator) who consults regularly with the Chair and other members of the Executive Committee. A Group Coordinator reports directly to the TALK Operations Manager and is responsible for supporting the day-to-day functions within the groups. The Charity also employs a Fundraising Manager who reports to the Chair and Trustees and is responsible for promoting TALK and preparing grant applications as well as general fundraising activities.

Risk management

The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to mitigate identified risks. The Executive Committee has responsibility for identifying and assessing the Charity's exposure to key risks.

4

TALK SURREY CIO REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1176014

Principal address

PO Box 655 Epsom KT17 9NL

Trustees

Dr C Sacchett - Chair Ms E Collins Ms G Simmons Mr D Gunn - Treasurer Ms P Mitchell Ms P Modi Mr C Moon

Independent Examiner

Haines Watts Aissela 46 High Street Esher Surrey KT10 9QY

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:

5

TALK SURREY REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2022 STATEMENT OF TRUSTEES, RESPONSIBILrriES - conllnued The Iwstees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any timé the financial position of the charity and to enable them to ensure that the financial statements comply with th6 Charities Act 2011. thé Charity {Accounls and Reports) R8gulati)ns 2008 and the provisK)ns of the trust d8ed. They are also responsible for safeguarding the assets of the charity and hence fortsking reasonable stèps for the prevention and detection of fraud and othèr irregularit¢es. Th8 trustees are responsible for the maintenance and integrity of the charity and financial infonnalion indudéd on the charity's W8bsite. Approved by order of the board of trustees on Q September 2022 and signed on its behalf by: Dr C Sacchett- Chair

INDEPENDENT EXAMINER TALK SURREY CIO

I report to the charity trustees on my examination of the accounts of TALK Surrey CIO for the year ended 31 March 2022 which are set out on pages 8 to 16.

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 th

I report in respect accounts as carried out under section 145 of the Charities rrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies in section 145 of the 2011 act.

I have completed my examination. I confirm that no 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 2011 Act; or

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

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement 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.

Haines Watts Chartered Accountants Aissela 46 High Street Esher Surrey KT10 9QY

Date:

7

TALK SURREY CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Note
INCOME FROM:
Donations and Legacies
4
Other trading activities
5
TOTAL
EXPENDITURE ON:
Raising funds
Charitable activities
6
Governance costs

TOTAL
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
60,384
4,381
64,765
17,381
47,469
3,261
68,111
(3,346)
(3,346)
50,612
47,266		 Restricted
Funds
£
10,034
-
10,034
-
10,034
-
10,034
-
-
-
-		 Total
2022
£
70,418
4,381
74,799
17,381
57,503
3,261
78,145
(3,346)
(3,346)
50,612
47,266		 Total
2021
£
75,103
3,408
78,511
7,661
59,163
4,415
71,239
7,272
7,272
43,340
50,612

All of the results derive from continuing activities.

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 10 to 14 form part of these Financial Statements.

8

TALK SURREY CIO BALANCE SHEET 31 MARCH 2022

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
9
NET CURRENT ASSETS
Total assets less
current liabilities
NET ASSETS
FUNDS
Unrestricted funds
10
TOTAL FUNDS		 2022
£
£
882
50,077
50,077
(3,693)
46,384
47,266
47,266
47,266
47,266		 £
54,104		 2021
£
636
49,976
54,104
(4,128)
50,612
50,612
50,612
50,612

The Financial Statements were approved by the Board of Trustees and authorised for issue on September 2022 and signed on its behalf by:

Mr D Gunn - Trustee

Charity No: 1176014

9

TALK SURREY CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

1. GENERAL INFORMATION

The Charity is a registered Charity in England and Wales. The address of the registered office is PO Box 655, Epsom, KT17 9NL.

2. ACCOUNTING POLICIES

The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year.

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These Financial Statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (FRS 102), The Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic Ireland (FRS 102) (effective 1 January 2015) (the SORP) including Bulletin 1 and in accordance with the Charities Act 2011, from which there were no material departures.

The Financial Statements have been prepared under the historical cost convention and are prepared on a going concern basis.

TALK Surrey CIO meets the definition of a public benefit entity under FRS 102.

GOING CONCERN

The Financial Statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these Financial Statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

KEY SOURCES OF ESTIMATION, UNCERTAINTY AND JUDGEMENT

The preparation of the Financial Statements requires management to make judgements, estimates and assumptions that affect the amounts reported.

These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

INCOME

All incoming resources are included in the Statement of Financial Activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

EXPENDITURE

Expenditure is recognised on an accrual basis as a liability is incurred. The following specific policies are applied to particular categories of expenditure:

10

TALK SURREY CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES (CONTINUED)

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its useful economic life:

Computer Equipment

25% per annum on cost

FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised in the Balance Sheet when the Company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

PENSION COSTS

pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

FUND STRUCTURE

The funds held by the Charity comprise:

3. TAXATION

The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

4. INCOME FROM DONATIONS AND LEGACIES

Donations
Grants Core
Grants Walton
Grants Knaphill
Grants Guildford
Grants Ashford		 Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
Funds
Funds
2022
Funds 2021
Funds 2021
2021
£
£
£
£
£
£
9,955
-
9,955
11,311
-
11,311
50,429
-
50,429
53,794
-
53,794
-
1,000
1,000
-
5,000
5,000
-
1,000
1,000
-
1,000
1,000
-
6,450
6,450
-
2,998
2,998
-
1,584
1,584
-
1,000
1,000
60,384
10,034
70,418
65,105
9,998
75,103

11

TALK SURREY CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

5. INCOME FROM OTHER TRADING ACTIVITIES

Unrestricted
Funds
£
Restricted
Funds
£
Fundraising events
2,591
-
Recoverer contributions
1,790
-
4,381
-

EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
Restricted
Total
Unrestricted
Funds
Funds
2022
Funds 2021
£
£
£
£
Wages
31,357
-
31,357
42,312
Social security, PAYE
7,138
-
7,138
-
Pensions
2,557
-
2,557
1,014
Workshop costs
-
4,590
4,590
-
Room hire management
-
3,873
3,873
-
Storage costs
1,086
-
1,086
1,011
Transport costs
632
-
632
442
Insurance
972
-
972
966
Telephone
445
-
445
228
Postage and stationery
1,666
165
1,831
1,635
Computer and software
305
-
305
-
Support costs
-
1,406
1,406
-
Subscriptions
50
-
50
140
Training costs
756
-
756
960
Sundries
86
-
86
339
Bank charges
20
-
20
-
Depreciation
399
-
399
118
47,469
10,034
57,503
49,165		 Unrestricted
Funds
£
Restricted
Funds
£
Fundraising events
2,591
-
Recoverer contributions
1,790
-
4,381
-

EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
Restricted
Total
Unrestricted
Funds
Funds
2022
Funds 2021
£
£
£
£
Wages
31,357
-
31,357
42,312
Social security, PAYE
7,138
-
7,138
-
Pensions
2,557
-
2,557
1,014
Workshop costs
-
4,590
4,590
-
Room hire management
-
3,873
3,873
-
Storage costs
1,086
-
1,086
1,011
Transport costs
632
-
632
442
Insurance
972
-
972
966
Telephone
445
-
445
228
Postage and stationery
1,666
165
1,831
1,635
Computer and software
305
-
305
-
Support costs
-
1,406
1,406
-
Subscriptions
50
-
50
140
Training costs
756
-
756
960
Sundries
86
-
86
339
Bank charges
20
-
20
-
Depreciation
399
-
399
118
47,469
10,034
57,503
49,165		 Total
2022
£
2,591
1,790
4,381
Restricted
Funds 2021
£
-
-
-
4,960
843
-
-
-
-
3,272
-
923
-
-
-
-
-		 Total
2021
£
3,143
265
3,408
Total
2021
£
42,312
-
1,014
4,960
843
1,011
442
966
228
4,907
-
923
140
960
339
-
118
59,163
47,469
10,034
57,503
49,165		 9,998

6. EXPENDITURE ON CHARITABLE ACTIVITIES

12

TALK SURREY CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

7.

STAFF COSTS, TRUSTEE REMUNERATION , EXPENSES AND KEY MANAGEMENT STAFF COSTS, TRUSTEE REMUNERATION , EXPENSES AND KEY MANAGEMENT PERSONNEL
Total Total
2022 2021
£ £
Salaries and wages 47,775 49,512
Pension costs 2,557 1,014
Social Security PAYE costs 7,138 -
57,470 50,526

No employees received employee benefits in excess of £60,000 (Year Ended 31/03/2021: nil).

No Trustees or persons connected with them received any emoluments in their role as Trustees from the Charity (Year Ended 31/03/2021: nil) and no Trustees have received payment for professional or other services provided to the Charity during the year (Year Ended 31/03/2021: nil). There were no reimbursements of individual expenses to any Trustee during the year (Year Ended 31/03/2021: nil).

The average number of persons employed by the Charity during the year was 3 (Year ended 31/03/2021: 3).

8. TANGIBLE FIXED ASSETS

ANGIBLE FIXED ASSETS
Computer
Equipment
£
Cost
At 1 April 2021 1,127
Addition 468
Disposal -
At 31 March 2022 1,595
Depreciation
At 1 April 2021 314
Disposal -
Provision for the year 399
At 31 March 2022 713
Net book value
At 31 March 2022 882
At 31 March 2021 813

13

TALK SURREY CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022

9. CREDITORS

REDITORS
Trade creditors
Social Security and other taxes
Accruals		 Total
2022
£
756
537
2,400
3,693		 Total
2021
£
267
537
3,324
4,128

10. FUNDS

UNDS
Year ended 31 March
2022
Unrestricted funds
Restricted funds
Year ended 31 March
2021
Unrestricted funds
Restricted funds		 Balance at
01/04/2021
£
50,612
-
50,612
Balance at
01/04/2020
£
43,340
-
43,340		 Income
£
64,765
10,034
74,799
Income
£
68,513
9,998
78,511		 Expenditure
£
(68,111)
(10,034)
(78,145)
Expenditure
£
(61,241)
(9,998)
(71,239)		 Gains &
(losses)
£
-
-
-
Gains &
(losses)
£
-
-
-		 Balance at
31/03/2022
£
47,266
-
47,266
Balance at
31/03/2021
£
50,612
-
50,612

14

TALK SURREY CIO DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2022

INCOME AND
ENDOWMENTS
Donations and Legacies
Donations
Grants
Other Trading Activities
Fundraising events
Recoverer contributions
TOTAL INCOME
EXPENDITURE
Raising Donations and
Legacies
Wages
Annual and volunteer lunch
Publicity and support costs
Charitable Activities
Wages and social security
Pensions
Workshop costs
Room hire, meetings
Storage costs
Transport costs
Support Costs Management
Insurance
Telephone
Postage and stationery
Computer and software
Support costs
Subscriptions
Training costs		 £
16,419
208
755
17,382
38,494
2,557
4,590
3,873
1,086
632
51,233
972
445
1,831
305
1,406
50
756
5,765		 2022
£
9,955
60,463
70,418
2,591
1,790
4,381
74,799		 £
7,200
47
414
7,661
42,312
1,014
4,960
843
1,011
442
50,582
966
228
4,907
-
923
140
960
8,124		 2021
£
11,311
63,792
75,103
3,143
265
3,408
78,511

15

TALK SURREY CIO DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2022

Finance
Sundries
Bank Charges
Depreciation
Governance Costs
Professional and legal fees
TOTAL EXPENDITURE
TOTAL
(DEFICIT)/SURPLUS FOR
THE YEAR		 86
20
399
505
2,400
861
3,261		 (78,145)
(3,346)		 339
-
118
457
3,324
1,091
4,415		 (71,239)
7,272

16