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2024-03-31-accounts

TALK SURREY CIO

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Registered Charity No. 1176014

LFM Chartered Accountants 23b Lenten Street Alton Hampshire GU341HG

TALK SURREY CIO

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

CONTENTS PAGE
Charity information 1
Report of the Trustees 2 to 6
Independent Examiner's Report 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

Mr P Wellard - Chair Dr C Sacchett Ms E Collins Ms G Simmons Mr D Gunn - Treasurer Ms P Modi (resigned 10/09/2023) Mr C Moon Ms T Gregory Ms A Wu

REGISTERED OFFICE

INDEPENDENT EXAMINER

23b Lenten Street Alton Hampshire GU341HG

LFM Chartered Accountants 23b Lenten Street Alton Hampshire GU341HG

TALK SURREY CIO REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024

TALK SURREY CIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 January 2019).

OBJECTIVES AND ACTIVITIES

TALK Surrey CIO was registered as a charity (number 1176014) 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 2024

OBJECTIVES AND ACTIVITIES

Significant activities

We continued to provide regular social and communication support for people with aphasia across North-West Surrey at our four weekly groups. Each group completed 37 two-hour sessions - a total of 296 hours of support. The value of our work is shown by the results of our most recent Member Satisfaction Questionnaire, carried out in 2023: 90% of members feel included and able to join in at the groups; 100% of members feel supported; 80% of members feel that TALK has helped their wellbeing and made them feel more confident.

Our focus this year was on increasing member numbers. Between April 2023 and March 2024 we received 30 new referrals, 25 of whom went on to join one of our groups. This evidences a real and ongoing need for our service. We thank our Operations Manager, Sharon Spurdle, who maintains contact with a range of local service providers, including NHS and independent speech and language therapy services, the Stroke Association and social prescribers. We have developed a plan for increasing diversity of our members and volunteers, through contact with local communities and potential outreach activities.

We provided a full programme of interesting and varied activities for our members throughout the year, including a range of new external presenters and outings to local attractions. Members' feedback is very positive about these sessions. We thank our Group Coordinator, Jenny Wilson, for her hard work in developing these new initiatives. We also sincerely thank the group leaders and all our volunteers, whose commitment and enthusiasm enable us to continue our important work.

We continued to raise awareness of aphasia and the work of TALK locally. We are recognised as a key partner in the local Integrated Stroke Delivery Network. Our members have provided valuable 'lived experience' information to the local NHS service, through involvement in an aphasia-specific focus group and a presentation to the local Health Board.

We were very sorry to lose Jo Matthews, our Fundraising Manager, who left TALK at the end of 2023 to take up a new position. During her 9 years with TALK, Jo worked tirelessly to ensure that we received sufficient funding to continue our vital work. She was instrumental in securing a significant 5-year grant from the National Lottery Community Fund, which we are pleased to report has been renewed for a further 5 years. Jo was also successful in securing a number of other grants, as well as initiating and participating in a number of community fundraising activities. We sincerely thank Jo for all her hard work on behalf of TALK. We will miss her enthusiasm and clarity of vision but wish her well in her new role.

We also thank Pallu Modi, who stepped down from the Board of Trustees, for all her work on behalf of the charity.

Finally, we are grateful to all our funders, donors and supporters, large and small, without whose help we would not be able to continue. We are confident that TALK remains in a strong financial position at the end of the 2023-24 financial year, enabling us to continue our work and meet our objectives.

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 2024

FINANCIAL REVIEW

Financial position

The net result for the year to 31 March 2024 was a profit of £20,229 (2023: deficit of £15,978). This is represented by a surplus of income over expenditure of £20,229 on unrestricted funds and break-even point on restricted funds.

Reported income for 2024 is £93,821 (2023: £72,720).

During 2024 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 £73,592 (2023: £88,218).

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,GOVERNANCEANDMANAGEMENT

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 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1176014

Principal address

PO Box 655 Epsom KT17 9NL

Trustees

Mr P Wellard - Chair Dr C Sacchett Ms E Collins Ms G Simmons Mr D Gunn - Treasurer Ms P Modi (resigned 10/09/2023) Mr C Moon Ms T Gregory Ms A Wu

Independent Examiner LFM

The Stables 23b Lenten Street Alton Hampshire GU341HG

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 CIO REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES- continued

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They 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.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website.

18.12.2024

Approved by order of the board of trustees on and signed on its behalf by:

-

Dr C Sacchett

6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF 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 2024 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 the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Trust's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying 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 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.

Matt Ellis FCCA

LFM The Stables 23b Lenten Street Alton Hampshire GU341HG

Date: ...........................

7

TALK SURREY CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Note
INCOME FROM:
Donations and Legacies
4
Other trading activities
5
Bank interest received
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
£
70,682
14,274
842
85,798
18,543
42,310
4,453
65,306
20,492
20,492
31,288
51,780		 Restricted
Funds
£
8,023
8,023
8,023
8,023		 Total
2024
£
78,705
14,274
842
93,821
18,543
50,333
4,453
73,329
20,492
20,492
31,288
51,780		 Total
2023
£
64,481
7,759
72,240
19,898
64,410
3,911
88,218
(15,978)
(15,978)
47,266
31,288

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 2024

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Prepayments and accrued
income
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		 £
933		 2024
£
126
51,654
51,780
51,780
51,780
51,780		 2023
£
£
545
36,037
36,037
(5,294)
30,743
31,288
31,288
31,288
31,288		 2023
£
£
545
36,037
36,037
(5,294)
30,743
31,288
31,288
31,288
31,288
53,296
54,228
(2,574)
31,288
31,288
31,288
31,288

The Financial Statements were approved by the Board of Trustees and authorised for issue on 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 2024

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 2019) (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 2024

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

The charity operates a defined contribution pension scheme. Contributions payable to the charity's 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 Guildford
Grants Ashford		 Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
Funds
Funds
2024
Funds 2023
Funds 2023
2023
£
£
£
£
£
£
6,636
6,636
8,552
8,552
64,046
64,046
47,929
47,929
5,000
5,000
5,000
5,000
3,023
3,023
3,000
3,000
70,682
8,023
78,705
56,481
8,000
64,481

11

TALK SURREY CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

5. INCOME FROM OTHER TRADING ACTIVITIES

Unrestricted
Restricted
Funds
£
Funds
£
Fundraising events
5,757
Recoverer contributions
8,517
14,274
.
EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
Restricted
Total
Unrestricted
Funds
Funds
2024
Funds 2023
£
£
£
£
Wages
25,430
6,367
31,797
26,287
Social security, PAYE
6,662
Pensions
383
383
2,473
Workshop costs
939
939
2,615
Room hire management
4,671
1,656
6,327
2,850
Storage costs
739
739
897
Transport costs
2,366
2,366
3,149
Insurance
792
792
733
Telephone
895
895
2,197
Postage and stationery
2,898
2,898
2,120
Computer and software
230
230
1,092
Support costs
1,802
1,802
2,419
Subscriptions
174
174
35
Training costs
1,409
1,409
964
Sundries
803
803
1,425
Bank charges
95
95
72
Depreciation
420
420
420
Prior year costs written
off
(1,736)
-
(1,736)
42,310
8,023
50,333
56,410		 Unrestricted
Restricted
Funds
£
Funds
£
Fundraising events
5,757
Recoverer contributions
8,517
14,274
.
EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestricted
Restricted
Total
Unrestricted
Funds
Funds
2024
Funds 2023
£
£
£
£
Wages
25,430
6,367
31,797
26,287
Social security, PAYE
6,662
Pensions
383
383
2,473
Workshop costs
939
939
2,615
Room hire management
4,671
1,656
6,327
2,850
Storage costs
739
739
897
Transport costs
2,366
2,366
3,149
Insurance
792
792
733
Telephone
895
895
2,197
Postage and stationery
2,898
2,898
2,120
Computer and software
230
230
1,092
Support costs
1,802
1,802
2,419
Subscriptions
174
174
35
Training costs
1,409
1,409
964
Sundries
803
803
1,425
Bank charges
95
95
72
Depreciation
420
420
420
Prior year costs written
off
(1,736)
-
(1,736)
42,310
8,023
50,333
56,410		 Total
2024
£
5,757
8,517
14,274
Restricted
Funds 2023
£
3,500
4,500		 Total
2023
£
1,287
6,472
7,759
Total
2023
£
26,287
6,662
2,473
6,115
7,350
897
3,149
733
2,197
2,120
1,092
2,419
35
964
1,425
72
420
64,410
42,310
8,023
50,333
56,410		 8,000

6. EXPENDITURE ON CHARITABLE ACTIVITIES

12

TALK SURREY CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

7. STAFF COSTS, TRUSTEE REMUNERATION, EXPENSES AND KEY MANAGEMENT STAFF COSTS, TRUSTEE REMUNERATION, EXPENSES AND KEY MANAGEMENT PERSONNEL
Total Total
2024 2023
£ £
Salaries and wages 48,485 44,184
Pension costs 383 2,473
Social Security PAYE costs 6,662
48,865 53,319

No employees received employee benefits in excess of £60,000 (Year Ended 31/03/2023: nil).

No Trustees or persons connected with them received any emoluments in their role as Trustees from the Charity (Year Ended 31/03/2023: nil) and no Trustees have received payment for professional or other services provided to the Charity during the year (Year Ended 31/03/2023: nil). There were no reimbursements of individual expenses to any Trustee during the year (Year Ended 31/03/2023: nil).

The average number of persons employed by the Charity during the year was 3 (Year ended 31/03/2023: 3).

8.

TANGIBLE FIXED ASSETS

ANGIBLE FIXED ASSETS
Computer
Equipment
£
Cost
At 1 April 2023 1,678
Addition
Disposal
At 31 March 2024 1,678
Depreciation
At 1 April 2023 1,133
Disposal
Provision for the year 420
At 31 March 2024 1,553
Net book value
At 31 March 2024 126
At 31 March 2023 545

13

TALK SURREY CIO NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

9. CREDITORS

REDITORS
Trade creditors
Social Security and other taxes
Accruals		 Total
2024
£
74
2,500
2,574		 Total
2023
£
2,258
537
2,500
5,295

10. FUNDS

UNDS
Year ended 31 March
2024
Unrestricted funds
Restricted funds
Year ended 31 March
2023
Unrestricted funds
Restricted funds		 Balance at
01/04/2023
£
31,288
31,288
Balance at
01/04/2022
£
47,266
47,266		 Income
£
85,798
8,023
93,821
Income
£
64,240
8,000
72,240		 Expenditure
£
(65,306)
(8,023)
(73,329)
Expenditure
£
(80,218)
(8,000)
(88,218)		 Gains&
(losses)
£
Gains&
(losses)
£		 Balance at
31/03/2024
£
51,780
51,780
Balance at
31/03/2023
£
31,288
31,288

14

TALK SURREY CIO DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024

INCOME AND
ENDOWMENTS
Donations and Legacies
Donations
Grants
Other Trading Activities
Fundraising events
Recoverer contributions
Bank interest received
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
Prior year costs written off		 £
16,689
326
1,529
18,543
31,797
383
939
6,327
739
2,366
42,551
792
895
2,898
230
1,802
174
1,409
(1,736)
6,464		 2024
£
6,636
72,069
78,705
5,757
8,517
842
15,116
93,821		 £
17,897
801
1,200
19,898
32,949
2,473
6,115
7,350
897
3,149
52,933
733
2,197
2,119
1,092
2,419
35
964
9,559		 2023
£
8,552
55,929
64,481
1,287
6,472
7,759
72,240

15

TALK SURREY CIO DETAILED INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024

Finance
Sundries
Bank charges
Depreciation
Governance Costs
Auditors' remuneration
Professional and legal fees
TOTAL EXPENDITURE
TOTAL
(DEFICIT)/SURPLUS FOR
THE YEAR		 803
95
420
1,317
3,696
727
4,453		 (73,329)
20,492		 1,425
72
420
1,917
3,640
271
3,911		 (88,218)
(15,978)

16