2021-03-31-accounts

APHASIA RE-CONNECT

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2021

Registered Charity Number: 1176125

Azets Audit Services Limited Accountants Greytown House 221-227 High Street Orpington Kent BR6 0NZ

APHASIA RE-CONNECT

CONTENTS

	Page
Charity Information	1
Report of the Trustees	2-4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	8
Notes to the Financial Statements	9-12

APHASIA RE-CONNECT

CHARITY INFORMATION

Chairman	P Cook
Secretary	H Terry
Trustees	H Terry
	R Green
	K Hilari
	R Frankel
	V Clark
	J Sayers
Registered Charity number	1176125
Registered office	2 Hawthorne Close
	Bickley
	Kent
	BR1 2HJ
Independent examiner	C Cooper FCCA
	Azets Audit Services Limited
	Greytown House
	221-227 High Street
	Orpington
	Kent BR6 0NZ
Bankers	Natwest Bank
	143 High Street
	Bromley
	Kent
	BR1 1JH

1

APHASIA RE-CONNECT

REPORT OF THE TRUSTEES

The Trustees, present their report and the financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and 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 published in October 2019.

Objectives

The objectives of the charity are:

For the public benefit, to promote health and wellbeing for people with Aphasia and others with acquired long term communication disability, living in particular, but not exclusively, in South East England, through

• (a) The provision of speech therapy through supported conversation groups

• (b) Providing training to volunteers to facilitate peer groups, peer befrienders and peer training.

• (c) Providing information to the general public on all aspects of aphasia and acquired communication disability.

Our Vision

Our vision is to see a World where people with aphasia, and acquired communication disability, enjoy a life more ordinary, with opportunity, freedom of choice, responsibility, and a quality of life and wellbeing.

Statement on Public Benefit

The objectives and activities, and achievement and performance sections of this report clearly set out the activities which the charity undertakes for the public benefit. The Trustees confirm that they have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the charity.

Review of the year

This year, as with all aspects of life, has been influenced totally by the Coronavirus. This has had a major effect on the running of Aphasia Re-Connect in that all meetings have had to adapt to being held virtually using internet access and meeting on-line, instead of physical access and meeting face to face.

The manner in which our people have adapted to this major change has been extremely positive and rewarding. The planned opening of the Croydon Group, which was scheduled for late April 2020, actually took place on time, the only change to plan being it was held virtually. A similar situation arose with the Young People’ Group and both these new groups have prospered during the past year.

For those people unable to access internet facilities a programme of keeping constantly in touch by telephone has been introduced with the establishment of a Buddy scheme. Thanks to many people, especially students, volunteering to assist with this scheme we have managed to keep in touch with all our members and make a real contribution to overcoming the challenge of loneliness that has been such a significant factor of Lockdown.

During the past year we have been extremely fortunate to receive significant funds (£15K) from a small number of personal donors. Our operations have also been excused the cost of room hire due to all meetings being held on-line. This has meant that we have managed to fund our operations completely during the year and create a sound financial platform for planning our activities post Lockdown restrictions.

We now have in May 2021, the 3 groups who did not manage to create virtual groups reopened, and have seen how the continuous Communication/ Buddy scheme has paid dividends. We recognise the challenges of the coming year will be to establish ongoing working procedures incorporating physical and virtual meeting groups. In establishing these new procedures we will benefit from having reserves that allow us to adjust to the challenges that we will face over the coming twelve months.

During the past year many people have contributed in time, advice and money to our operations, that has allowed to create a solid and sound base on which to plan the future ~ To all these people Aphasia Re-Connect expresses sincere thanks."

2

APHASIA RE-CONNECT

REPORT OF THE TRUSTEES

Financial Review

Total income for the year was £76,726 (2020: £61,017). Total expenditure for the year was £43,992 (2020: £42,363). This resulted in a surplus for the year of £32,734 (2020: £18,654).

The funds at 31 March 2021 were £78,206 (2020: £45,472), of which £9,479 (2020: £3,546) were restricted and £68,727 (2020: £41,926) were unrestricted.

Reserves Policy

The balance of unrestricted funds at year end was £68,727 (2020: £41,926). The Trustees’ policy on reserves is to have a minimum of six months cover of budgeted operating costs approximately £25,000 (2020: £25,000).

Risk Management

The Trustees have reviewed the major and financial risks that impact on the work of the charity. They systems that have been established enable the Trustees to review and take necessary steps to lessen these risks. The Trustees consider the following to be the principal risks that the charity faces:

• Loss of income, reduced fund raising potential and or reduced public profile.

• Compliance with the increasing regulatory controls and checks which relate to charitable organisations.

STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution

The charity was formed on 19[th] June 2017 as an unincorporated association, with a constitution dated 6[th] December 2017.

On 6[th] December 2017, the charity registered with the charity commission.

Trustees

The Trustees, who served during the period were:

P Cook (Chairman) H Terry R Green K Hilari R Frankel V Clark J Sayers (Appointed 25 January 2021)

Apart from the first charity Trustees, every Trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity Trustees. In selecting individuals for appointment as charity Trustees, the charity Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. A charity Trustee who has served for three consecutive terms may not be reappointed for a fourth consecutive term but may be reappointed after an interval of at least one year.

The charity Trustees will make available to each new charity Trustee, on or before his or her first appointment:

A copy of the current version of the constitution; and

A copy of the CIO’s latest Trustees’ Annual Report and Statement of Accounts.

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APHASIA RE-CONNECT

REPORT OF THE TRUSTEES

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report 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 & Wales 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 of the charity for that period. 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 (FRS 102);

• make judgements and estimates that are reasonable and prudent;

• state whether applicable 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 that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities (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. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

By Order of the Board

…………………………….. P Cook Trustee Date

………………..

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APHASIA RE-CONNECT

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF APHASIA RE-CONNECT

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2021 which are set out on pages 6 to 13.

Responsibilities and basis of report

As the charity’s Trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

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 charity 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.

C Cooper (FCCA)

For and on behalf of Azets Audit Services Limited Accountants Greytown House, 221/227 High Street Orpington, Kent, BR6 0NZ

Date: …………………..

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APHASIA RE-CONNECT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND EXPENDITURE ACCOUNT

Note Income from: Donations 2 Fundraising activities Charitable Activities: Student Training 3 Grants and Service delivery contracts 3 Total Income Expenditure from: Charitable Activities 4 Total Expenditure NET MOVEMENT IN FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted Funds 2021 £ 31,074 13,959 - 2,932 __ 47,965 _ 21,164 __ 21,164 _ 26,801 41,926 _______ 68,727	Restricted Funds 2021 £ - - 9,479 19,282 __ 28,761 _ 22,828 __ 22,828 _ 5,933 3,546 _______ 9,479	Total Funds 2021 Total Funds 2020 £ £ 31,074 7,044 13,959 7,956 9,479 5,183 22,214 40,834 __ _ 76,726 61,017 __ _ 43,992 42,363 __ _ 43,992 42,363 __ _ 32,734 18,654 45,472 26,818 _______ _______ 78,206 45,472

All incoming resources and resources expended arise from continuing activities.

All recognised gains and losses are included in the Statement of Financial Activities.

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APHASIA RE-CONNECT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

INCOME AND EXPENDITURE ACCOUNT

Comparative information for the period ending 31 March 2020 Unrestricted Funds 2020 Note £ Income from: Donations 2 7,044 Fundraising Activities 7,956 Charitable Actiivities Student Training 3 - Grants and Service delivery contracts 3 15,500 __ Total Income 30,500 _ Expenditure from: Charitable Activities 4 15,392 __ Total Expenditure 15,392 _ NET MOVEMENT IN FUNDS 15,108 TOTAL FUNDS BROUGHT FORWARD 26,818 _______ TOTAL FUNDS CARRIED FORWARD 41,926

Restricted funds 2020 Total funds 2020 £ £ - 7,044 7,956 5,183 5,183 25,334 40,834 __ _ 30,517 61,017 __ _ 26,971 42,363 __ _ 26,971 42,363 __ _ 3,546 18,654 - 26,818 _______ _______ 3,546 45,472

All incoming resources and resources expended arise from continuing activities.

All recognised gains and losses are included in the Statement of Financial Activities.

7

APHASIA RE-CONNECT

BALANCE SHEET AS AT 31 MARCH 2021

	Note	31 Mar	2021		31 Mar 2020
		£		£	£ £
CURRENT ASSETS
Cash at bank and in hand		79,726			46,949
		____			____
		79,726			46,949
CREDITORS: amounts falling
due within one year	7	(1,520)			(1,477)
		____			____
NET CURRENT ASSETS				78,206	45,472
			____		____
NET ASSETS				78,206	45,472
			____		____
FUNDS
Restricted funds	8			9,479	3,546
Unrestricted funds - unrestricted		58,727			41,926
designated	9	10,000			-
		____			____
				68,727	41,926
TOTAL FUNDS			____		____
			78,206 ____		45,472 ____

The financial statements were approved on ………………………. and signed on behalf of the Board by:

…………………….. ……………………….. P Cook H Terry Trustee Trustee

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APHASIA RE-CONNECT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICIES

1.1 Basis of preparation

Aphasia Re-Connect is an unincorporated charity in the United Kingdom, governed by a constitution dated 6[th] December 2017. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity’s operations and principal activities are detailed on page 2.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.2 Incoming resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Voluntary income including donations is included in full in the Statement of Financial Activities when receivable.

Charitable Activity Income is received in exchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred.

1.3 Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following headings:

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

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

1.4 Support costs allocation

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with use of the resources.

9

APHASIA RE-CONNECT

NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 31 MARCH 2021

1.5 Funds accounting

Unrestricted general funds are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.

Restricted funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when donors specify the purpose for which income can be used.

1.6 Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

1.7 Cash at bank and in hand

Cash at bank and in hand are short-term, highly liquid investments that are readily convertible to known amounts of cash that are subject to an insignificant risk of changes in value.

1.8

Taxation

The company is a registered charity and is therefore entitled to the exemptions from corporation tax afforded by section 505 of the Income and Corporation Taxes Act 1988. Accordingly, there is no corporation tax charge in these financial statements.

1.9

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.

1.10 Judgements and key sources of estimation uncertainty

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

The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:

Bad debts

Debtors are regularly reviewed for recoverability, any debts which in the opinion of management are not recoverable are provided for as a specific bad debt.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

2.	VOLUNTARY INCOME
		Unrestricted	Restricted		Total		Total
				31 March		31 March
					2021		2020
		£	£		£		£
	Donations - individuals	31,074	-		31,074		6,844
	Donations - Attend	-	-		-		200
		_____	_____	_____		_____
		31,074 _____	- _____	31,074 _____		7,044 _____

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APHASIA RE-CONNECT

NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 31 MARCH 2021

3.	CHARITABLE ACTIVITIES
		Unrestricted		Restricted		Total	Total
						31 March 2021	31 March 2020
		£			£	£	£
	UCL	-			-	-	1,000
	Canterbury Christchurch University	-			-	-	4,183
	Big Lottery	-			-	-	9,988
	Garfield Weston Foundation	-			-	-	10,000
	London Catalyst	-			-	-	3,000
	Wakefield and Tetley Trust	-			-	-	2,346
	City University	-			9,479	9,479	-
	London Borough of Bromley Mayor	-			-	-	10,000
	M and C Trust	-			3,500	-	5,000
	Miles Trust	-			-	-	500
	London Community Foundation	-			9,282	9,282	-
	Plaisterers Charity	-			4,500	4,500	-
	Covid-19 Response	2,932			-	2,932	-
	Cripplegate Foundation	-			2,000	2,000	-
		_____		_____		_____	_____
		2,932 _____		28,761 _____		31,693 _____	46,017 _____
4.	CHARITABLE ACTIVITIES COSTS
		Support		Costs
		Unrestricted		Restricted		Total	Total
						31 March 2021	31 March 2020
		£			£	£	£
	Room hire		-		-	-	3,935
	Volunteer expenses	8			-	8	344
	Speech and language therapist		-		15,603	15,603	33,983
	DBS checks	126			-	126	121
	Administrative duties		-		-	-	389
	Post and Stationery	708			-	708	-
	Group facilitation	15,600			7,225	22,825	-
	Independent Examination	1,520			-	1,520	1,596
	Design Services		-		-	-	402
	Subscriptions	600			-	600	663
	Other	2,602			-	2,602	930
		_____		_____		_____	_____
		21,164 _____		22,828 _____		43,992 _____	42,363 _____

5. TRUSTEES' REMUNERATION AND REIMBURSED EXPENSES

No Trustee or person related or connected to them received any remuneration or benefits from the Charity during the current period.

No Trustee received any reimbursed expenses.

6. STAFF COSTS

There were no employees during the period.

11

APHASIA RE-CONNECT

NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 31 MARCH 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31 Other creditors	Mar 2021 31 Mar 2020 £ £ 1,520 1,477 __ ____ 1,520 1,477

8.	RESTRICTED FUNDS
	Current Year	Balance at	Incoming	Resources	Balance at
		31/03/2020	Resources	Expended	31/03/2021
		£	£	£	£
	City University	-	9,479	-	9,479
	Cripplegate Foundation	-	2,000	2,000	-
	London Community Foundation	-	9,282	9,282	-
	M & C Trust	-	3,500	3,500	-
	Plaisterers Charity	-	4,500	4,500	-
	Garfield Weston Foundation	2,500	-	2,500	-
	London Catalyst	500	-	500	-
	Wakefield and Tetley Trust	546	-	546	-
		_____	_____	_____	_____
		3,546 _____	28,761 _____	22,828 _____	9,479 _____

City University – fund student training

Cripplegate Foundation, London Community Foundation, M & G, Plaisterers Charity, Garfield Weston Foundation, London Catalyst and Wakefield and Tetley Trust – fund speech therapist for group sessions

RESTRICTED FUNDS
Comparison Year 2020	Balance at	Incoming	Resources	Balance at
	31/03/2019	Resources	Expended	31/03/2020
	£	£	£	£
UCL	-	1,000	1,000	-
Canterbury Christchurch University	-	4,183	4,183	-
Big Lottery	-	9.988	9,988	-
Garfield Weston Foundation	-	10,000	7,500	2,500
London Catalyst	-	3,000	2,500	500
Wakefield and Tetley Trust	-	2,346	1,800	546
	_____	_____	_____	_____
	- _____	30,517 _____	26,971 _____	3,546 _____

UCL and Canterbury Christchurch University – fund student training

Big Lottery, Garfield Weston Foundation, London Catalyst and Wakefield and Tetley Trust– fund speech therapist for group sessions

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APHASIA RE-CONNECT NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 31 MARCH 2021

9. DESIGNATED FUNDS

DESIGNATED FUNDS
	At 1 April	New	Designations	At 31 March
	2020	Designations	Released	2021
	£	£	£	£
IT Support	- _____	10,000 _____	- _____	10,000 _____

It is anticipated that IT support will be required in the coming year and consideration is being given to setting aside £10,00 to cover this cost.

10. RELATED PARTY TRANSACTIONS

There are no related party transactions in the year to 31 March 2021 or 31 March 2020.

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