Cornpany wistration number.. CE021665 Charrty registrats. number. 1189222 Talking About Loss IA cornpany limited by guarantee) Annual Report and Fin8nci81 St£tements forthe Year Ended 29 Fèbruary 2024 DAH Accountancy Services Limited Cedai Lodge York Road Shiplonthorpe York East YoShirt Y043 3PH
Talking About Loss Contents RÈler8npA and Administrative Datails Strategic Report Tiustees. Report 3to4 Accountants, Report Independent Examinerfs Report ststement of Financial Activities Balance Sheet Notes lo the Financial Statèments 9tts17
Talking About Loss Reference and Administrative Details Chaimian Mrs J H Gunn Trustees Mrs S Marshall Mrs A Bud(ley Mrs V Beade Mrs L Barran Charity Registration Number 1189222 Company Rogistration Number CE021865 The tharity is incorporated in England and Waes. Suite 1 14 Market Place Pocklington York Y042 2AR Reylstsred Offi¢9 Ind•p•ndtnt Examiner DAH Accountancy Services Lirnrted C8dar Lodge York Road Shiptonthorre York East Yorkshire Y043 3PH Page 1
Talking About Loss Strategic Report for the Year Ended 29 February 2024 The trustees, who are d1ctOrS lor th& purposes of company law, presenl their strategic report forthe year ended 29 February 2024. ill complianc4 with s414C ofthe Companies Act 20C6. The strategic report was approvèd by tt)& trustees of the charity on 25 November 2024 and signed on its behalf Gunn Chaim)an Page 2
Talking About Loss Trustees, Report The ttust8e5, who are directors for the purposès of company law, present the annual rèport togèthèr with the financial statements and auditors. pOrt of the charitabk company for the year ended 29 Febru8ry 2024. Objectives and activltiès Public benefft During the year the Charity undertook bereavernant sèNic* activrtes for publi¢ benefit.. The trustee5 confi'rm that they have complied with the requirements of section 17 of the Charities Act 2011 10 have due regard lo the public benefit guidan published by the Charity Commission lor England and Wales. Stru¢ture, governance and management Flnanclal In$truDwnts ObJe¢tives andpolici•s The chanty's actiirities expose It to a number of financial risks including ctedrt risk, cash flow risk and liquidity risk. The use ol financial derivatives 15 governed by the charty's le$ approved by the board of trustees, which prowde written principles on the use of financial derivatives to manage these risks. The chanty does not U58 derivative fi'nancial instruments Ioi speculats've purposes. Cash flow rlgk The charity's actr'vities expose it primarily to the financial risks ol changes in foreign currency exchange rates and interest rates. Tre tharity uses foreign exchang$ forward contracts and intergst rate swap contracts to heilge those exposures. Interest bearing assets and li4bilitias are held at fixed rate to ensure e8rtainty ot cash flows. Cretyhrfsk The tharity's principal financial assèts arè bank balances and cash. trade and other re1vable$. and investments. The charity's credit ¥isk is pnmanly attnbutable to its trade receivablès. The amounts presenied in the bal8nce sheet are net of allowances lor doubtful re1vable$. An allowance for Irnpaiment Is made where there is an identifi8d loss event which, based on previous experien, is evidence of a reduction in the ocovèrability ol the cash flows. Th6 ¢dit risk on liquid funds and tjerlvative financial instruments 15 lirnitèd bU$& the ¢ounterparties are banks witt) high credit-ratings assigned by International credil-rating 8genci8S. Thè charity has no significant concentration of credit risk, with exposure spread over a large number ol coUnteartieS and customers. Liquidity rlsk In order to maintain IiquKlity lo ensure that suffiaent funtls are available lor ongoing opei8tions and future developments. the chaiity use5 a mixture of long-temi and short-term debt rinance. Further detads regarding liquidity risk can be found in the Slatemgnl of accountitYJ polic$ in the financial statement5. ststement of trustees. responslbllllles The trustees Iwho are also the directors of Talking About Loss lor Ihe purposes ol company lawl ale responsible for preparing Ihe tiuste85' report and the financial statements In accordan with applicable law and United ngdom A¢¢ounting Standards IUTriied Trfj"ngdom Generally Awepted Accounting Practscol, including FRS 102 "The Financial Reporting Standard applicable In the UK and Republic of Ireland" Page 3
Talking About Loss Trustees, Report Cornpany law require5 the trust8es to prepare ffinan¢ial statement5 for each finanaal year. Under Company law Ihe trustees must not approve th& financial statements unless they are satisfied that they give a true and fair View of the state of aftairs of the charitable company and of the Incoming resOUrS and application of resources, induding its incom8 and expenditure. of the Charitable company for that P8riod. In preparing these finanaal statements, the trustees are requiiéd to." select Suitable accounting policies and apply them consistently-. observe the methods prinriples in the Char¥ties SORP, make judgements and èstimates that are reasonable and prudent.. state whether applicable accounting standards. comprising FRS 102 have been followed. subject to any material departures disdosed and explained in the financial statements.. and prepare the financial $talements on Ihe going concem basis unless it Is inappropriate to presume that tP ¢haritabk company 11 contsnuè in business Thè trustees a responsib for keeping proper accounting racords that can disdose with reasonable accuracy at any tirne the financial position ol the charitable company and enable them to ensu thal the financi81 statements comply with th8 Compani85 Act 2006. They are also responsible for safeguarding the assets ol the Chantable company and hence for tsking reasonable steps for the prevention and detection of fraud and olhor irTegularJts-e5. The trustees are responsible for maint8n3nc6 and integrity ol the corporate and financial Information included on the charitable companls website. Legsslation goveming Ihe preparal'on and disseminab.on of finanaal stalement5 rnay diftèr trom legislation in other jurisdicliori5. Disclo$ur• of Information to auditor Each trustee has taken step5 that they ought to have taken as a trustee in ord8r to make themselws awats of ariy rekvant audit information to establish that the charitys auditor is aware of that information. The trustees confrrrn that there is no relevant information thal they kngw of and of which they know the auditor is un8w8re. The annval reportwas approved by the Iruslees ol the charity on 25 November 2024 and Signed on its behalf by". unn Chairman Page 4
Chartered Accountants, Report to the Trustees on the Preparation of the Unaudited Statutory Accounts of Talking About Loss for the Year Ended 29 February 2024 In order to assist you to fulfil your duties under the Companies Ad 2CQ6, we have ppared lor your approval the accounts of Talking About L055 for the year ended 29 February 2024 as set out on pages 7 to 17 from the cornpany's accountirvj Tecords and from infomiation and explanations you have gwen us. As a practisiro memb8r firm of thè Chartered Institute of Management Accountants, we are subject to its ethical and other professKJnal requirement$ which are det8i19d at www.cimaglobal.¢omlprofessional-ethic$. This report is made solely to the Board ol Directors ol Talking About L05s, as a body, in accordan with the tèms of our engagemenl letter. Our work has beèn undertaken solely to prepare for your approval the accounts of Talking About Loss and slate those mattels that we hJve aoreed to state to the Board of Diiectots of Talking About Loss. as a bcrfjy, in this pOrt in accordance with the guidance of CIMA. To the flest extent pemiitted by law. we do not accept or assume responsibility to anyone other than Talking About L055 atKI its Board of Directors as a body for our work or for this report. It is your duty lo ensure that Talking About Loss has kept 8dequate accounting records an¢ lo prepare slatvtory accounts that give a true and fail view of the assets, liabilities, financial position and of Talking About Loss. You considèrthat Talking About Loss is exempt frorn the statutory audit requirement for the yeèr. Vve have not been instructed to carry out an audit or a review of the accounts of Talking About LDSS. For this Teason, we have not veTified the accuracy or completeness of the acwunting records or InfonatIon and explanations you havs given to us and we do not, ther8fore. express any OWnn on Ihe statutory accounts. 25 November 2024 Pago 5
Talking About Loss Independent Examiner's Report to the trustees of Talking About Loss ('the Company'} I report kn tha tharty trustees on n)y examination of the accounts of the Company for the year end8d 29 February 2024. Responslbllities and bas1$ of rgporf As the Charity's Iru5lees of the Cotnpany land also its dire¢tors for thè purposes of company lawl you are rèsponsible for the preparation ol the accounts in accordance with the requirern8nts of the Companps Act 2006 Ilhe 2006 Act'i. Having satisf myself that thé accounts of the Con7pany ar8 not required to bè audrted under Part 16 of the 2008 Act and a eligible for independent exawnination, l port in resped of my examination ol your charity's accounts as tarned out under section 145 of the Ch&rits"ès Act 2011 I'the 2011 Act'l. In carrying Out rny examination I have folbwed the Directions given by the Charity ComTnis510n under section 14515llbl of the 2011 Act. An independent examinabon doès not involve gatherin9 all the evidence that would be quIred in an audit and consequently does not cover 811 the matters that an auditor consider5 in giving their opinion on the accounts. The pl8nning and conduct of an audit goes beyond the litnrted assurance that an indepandent exarnination can provide. Consequently l express no opinion as to whether the accounts Psent a 'true and fairf vW and rny report is limited to Ihose specific matters sèt out in the independent examiner's Statement. Independent exarnlner's stat•m•nt I have completed my examination. I confirm that no rnatters have come to rny attention in ¢onn•ction with the oxamination givirvJ n* cause to believe". accounb'n9 record5 were not kèpt in respe¢t of Talking About L05s as required by section 386 01 the 26 Act". or 2. the accoLJnts do not accord with those records". or 3 the accounts do not comply with the accounting requirements ol section 398 of th9 2006 Act otherthan any requirem8nl that Ihe accounts give a 'true and lair view which Is not a matter considered as part of an Independent examination," 01 4. the accounts have not been prepared in accordancè wrth the methods and principle5 of the Stst8mgnt ol Recommended Practice for accounting and reportiry by charities lapplicable to charities preparlng their accounts in a¢cordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 10211. I h3ve no correms and have comé across no other matters in connection wth the examination to which attention should be drawn in this report in ordgrto enable a proper uThJer$tanding of the accounts to b8 reathed. Dav Hannarn ACMA Cèdar Lodge York Road Shiplonthorpe York East Yorkshire Y043 3PH 25 November 2024 Page 6
Talking About Loss ststement of Financial Activities for the Year Ended 29 February 2024 {Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unr85trieted fund8 Restricted funds Total 2024 Note Income and Endowments from.. Donation5 and legacEs charitab 8Ctivities 23,759 23,759 19,433 19,433 Total in¢ome 23,759 19.433 43,192 ExpendItU on: Raising fijnds Charitabk actlvities Otherexpenditure 12.1451 117.5741 11451 12,1451 137,0071 11451 119.4331 Total expenditure 119.8641 119,4331 139,2971 Net in¢ome 3.895 3,895 Net movement in ndS 3.895 3,895 Rg¢oncillatlon of funds Total funds brought forward 761 761 Total funds camed forward 14 4.6YJ 4,656 Totsl 2023 Unrestrlctgd fund$ Note Income and Endowmènts from: Donation5 and legaci8s charitab activities 12.136 34,544 12,135 34,544 Total Income 46,680 46,680 Expendlture on.. Raising funds Charitable actiwties Oiherexpendilure 11751 144,8721 11,1891 11751 144,8721 11,1891 Total expenditure 146,236 146,236 Net income 444 Net movement in funds 444 444 Re¢on¢iliation of fullds Total funds brought forward 315 315 Totsl funds carried forward 14 759 759 All of the charitys actiVitS derive from continuing operations during the above bvo per$. The funds breakdown for 2023 is shown in note 14. The notes on pages 9 10 17 fowwn an integral part of these finanrjal statements. Page 7
Talking About Loss (Registration number: CE021665) Balance Sheet as at 29 February 2024 2024 2023 Note Fixed assets Tangible assets 10 5,258 7,011 Current assots Debtgrs Cash at bank and in hand 11 12 750 291 294 1,133 1,427 1,041 Creditors.. Arnounts falling due wlthin one year 13 1.6431 7,679 Net current liabiliti•$ 16021 8,2521 Net 45s•ts 4.656 759 Funds ofthe charity.. Unre8tricted In¢ome funds Unrestricted lunds 4.656 759 Total lunds 14 4,656 759 The financial 5talertients on pages 7 to 17 were approved by the trustees. and authorised for issue on 25 November 2024 and signed on their behalf by Chaim)an The noies on pages 9 to 17 lorrn an inte9ral part of these finarrial statements. Page 8
Talking About Loss Notes to the Financial Statements for the Year Ended 29 February 2024 1 Charlty s¢alu$ The charity Is limited by guarantee. incorporated in England and Wale5. and consequently does not have share capital. Each ol the trustees is liable to contributè an amount not eXce1n9 £1 towards the assets of the charity in the event of liquidation. The address of its registered office is.. Suite 1 14 Mathet Place Pocklington York Y042 2AR These finanual statements were aulhorised lor issvè by the trustees on 25 November 2024. 2 Accounung pollcl¢8 Summary of 81gnlll¢anl accounting pollcl•s and k•y accounn9 e¥tlrnatss The princip81 accountiTrJ policEs applied in the preparation of these financial statement$ arè set out b210w. These policies have been consistently applied to all the years presented. unle¥s othepmse slated. Ststement of complianee The financial statements have b8en prepar8d in accordance wrth Accounting and Reporting by Charitses.. Stalement ol Recornmended PractiTr lapplicable lo charit18s preparirvJ their accounts in aordan0 wrth tha Financial Reporting StaTh8ard applicablè in the UK and RepL)bl of Ireland IFRS 10211 lissued in O¢tober 20191- (Charibes SORP IFRS 10211. the Financi81 Reporting Stanclard applicable in Ihe UK and Republic ol Iland IFRS 1021 and the Companies Act 2006. Bas5$ of preparation Taking Atout Los5 meets the definition of a public benefit entity under FRS 102. Assets and liabilibes are inrtially rècognised al hislorieal cost or transaction value unless otherwise stated In the relevant acwunting policy notes. Goin9 concern The trustee5 consider that there arg no material UNrtainlieS about the charity's ability to contsnue a5 a going concem nor any significant alea5 gf uncertainty that affect Ihe carrying value of assets held by th8 charity. Incorne and gndvymients All Income is recognised once the charity has entitlement to the incorne, it is probable that the incgme will b8 received and the amount of the income recewable can be measured reliably. Donations and lega¢les Donations a recognised when the charity has been notified in wnbng of both the amount and 5elllernent date. In the event that a donation is suiiect to condrtions that require a level ol pertomiance by the charrty before the charily is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met. or the fulfilment of those condits(Ins is wholly wrthin the control of the charity and it is probable that these conditions will be fulfild in the reputing pariod. Page 9
Talking About Loss Notes to the Financial Statements for the Year Ended 29 February 2024 Expendltur All expenditure is recognised once the is a legal or constructive obligation to that expenflitufy, it Is probable Settlement is required and the amount can be measured liablY. All costs are allo¢aled lo the 8pplicable expenditure headiry that aggregate similar costs to thal category. Where costs cannot be directly attribule¢J to particular hoadings they have been allocated on a basis Gonsistent wtth the u$e of resources, with cèntral staff costs allocated on the basi5 of time spent, and cleprecia'on ch8rg8s anocaled on the portion of the assevs use. other 5UPPOrt costs are allocated based on the 5piead of staff costs. Raising funds These are costs incurred in attracting voluntary income, the management of investm&nts and those incurred in ttading activrties that raise funds. Charitable aetlvftles Charitabk expenditure comprises those costs incurred by the charity in thé delivery of its a¢tivitl8s and sÈrvic85 for its ben81iciari&s. It includes both costs that csn be allocated directly to Such activities and those costs ol 8n indirect nature necessary to support them. Gov8manc• eosts These include the costs attributable to the chanty's compliance with constitutional and statutory requirements. including aLKlit, strategic management and Irustees meetings and reimbursed expenses. Taxation The charrty 15 considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 Jncl thèieforè it meets the definition of a chantable wmpany for UK corporation tax pUose8. Ac¢ordingty, the charily is potentially exempt from taxatson In respect ol income or capital g81ns receivèd within ¢ategones covered by Chapter 3 Part 11 01 the Corporation Tax Act 2010 or Section 256 01 the T8X8tion of Chatgeable Gains Act 1992, to the extent that su¢h income or gains ar& applied exclusively lo charitable purposes. Tanglble flxod ass•ts Individual fixed assets costing £0.00 or more are initially recorded at cost, $$ any subsequent accumulated depreciation and subsequent accurnulated impaimient losses. Depr8ciation and amortlsatl¢n Depreciation is providèd on tangible fixed assets so as to wrrte off tr cost or valuab'on, less any estimated residual value. over their expected usèfvl economic life as follows." Trad¢ debtors Trade debtDrs are amounts due from Customers for merchandise sold or services pertomed in the ordinary course of business. Trad8 debtors are recogni58d inibally at the transaction prirR, Th8y are 5ub59quently measured at 8mOrtised cost using thè effective interest method. less prowsion for impairment A provision for the impairment of trade debtors is established when there Is cl)jective evidence that the eharity will not be abla to collect all amount$ due according to the tsnginal terms ol the receivable5. Cash and cash wuivalents Cash and Cash equivalents comprise cash on hand and call deposits, and other short-term highty liquid Invèstments that ar8 readily convertible to a known amount of cash and are subject to an insignificant risk ol change in value. Page 10
Talking About Loss Notes to the Financial Statements for the Year Ended 29 February 2024 Trade crèditors Trade tdItorS are obligations to P8y for goods or services that have been acquired in the ordinary course of business frorn suppliers. Accounts payable are classified as currtnt liabilities if the charity do85 not have an unconditional right. at the end of the reporting period, to defer setllement ofthe creditor for at18ast twelve months after the worting date. If there is an unconditional right to defer setuement for at least Iwelve months after the porb'ng date, they are presented as non-current li8bilities. Trade creditors are recogniséd initially at the tran53Ction Pri and subsequendy measured al amortised c05t using the effective interest method. Borrowlngs Intere5t-b8aring borrowings are initially recorded at fair value. net of transaction costs. Int6rèst4)èaring borrowings are subsequently carried at amDrtis8d cost, with the diffence bettveen the proeds, net of transaction costs. and the amount due on rsdamption being re¢ognised as a chaige to the Stat•ment of Financial Activitses over the period of the relevant borrowing. Interest expen88 is recognised on the basis of the effeetwè intarèst method and iq incled in inie18s1 payable and $imilar ehargos. Borrowings ar& da5sified as currenl liabilities unless the chanty has an uncondrtional right to defer settrnent of Ihe liability lor at lea51 twelve months after the reporting date. Forelgn gx¢hange Transactions in foreign CufntieS are recorded at thè ratè ol exchange at the dale Df the transacts"on. Monetary assets and liabilitie5 denotninaled in foreign currn8s St the balance sheet date are reported at the rate5 01 exchange prevailing at that date. The results of overseas operation$ are translated at the average rates of ex¢hang8 during the period and their balance sheets ot the rates rulit)g at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are r8POrted in other cOmphen$1ve income and accumulatetj in equity lattributed to non-controlling interest$ as appropriatel Other exchange differ8nces are e0gniSed in the Slalemènt of Financial Activities in the period In whid) they arisa 8xpt frir.. 11 exchange differenS on transactions entered into to hedge certain foreign currency risks15e8 abovel,. 21 exchange difference5 arising on gains or losses on non-monetary items which are recogD15ed in othei comprehensive inccthe., and 31 in the ca8e of thé ¢onsolidated financial slatamenls, exchange differen$ on monetary stems re1vable from 01 payable to a foreign operation forwhich settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operationl, which are recognised in other comprehensive income and reported underequity. Fund structure Unrestricted income fund$ are general funds that are available for use at thè trustees discretion in furtherance ol the objectives of the charity. Restricted Incorne funds are those donated for use in a partscular a a or lor speufi'c purpas8S, the use of which is restricted lo that afea or purpose. Page11
Talking About Loss Notes to the Financial Statements for the Year Ended 29 February 2024 FIDan¢ial instruments Cla$sific8tion Financial assets and financial liabilit$ a cOgniSed when the charity becomes a paty to the contractual piovisions ol the instrument. Financial liabilities and equity instruments ar8 csSIfied sccording 10 the substance of the contractual arrangements entered into. An equity instrument B any contract that eviden$ a SidUal interest in the assets of the charty after de£lucting all of it5 liabil8$. Rècognlthlon &ndmeasurement All financial assets and liabilities a initially rneasured at transaction pri linduding Iran5adion costs). 6xc8Pt for those financial assets classified a5 at fair value through profit orloss. which ale initially measured at fair valye Iwhich Is normally the Iransa¢tion price 8xcludin9 trBnsaction costs), unless Ihè arrangem&nt constitLrtes a finanang transaction. If an arrangement constitutes a financing transaction. the financial a55et or finanual liability is measured at the piesent value of the future payments dis¢ount8d at a madfet rate of inler85l for 8 5irnilar debt instrumènt. Financial assets and liabilrties are only offset in the statement ol linanaal position when. and only when thera exists a legally enlorc8able right tD set off the recognised amount5 and thè charity intends either to S8ttle on a net basis. orto realise the asset and sett18 th8 liability simultaneously. Financial assets are derecognised when and on¢y when al the contractua1 rights to the Gash ffow5 frorn th8 financial asset expire or are sèttlèd. bl the charity transfers to another party substantially all Of the risks and rewards of ownership ol the finan¢ial asset, or cl the charity. despite having retained some, but not all, significant risks and rewards of ownership. has transfeed control of the assat to another paty. Financial liabilities are derecognised wly the obligation specified in thè contract is discharged, ¢an¢elled or expires. Pagè 12
Talking About Loss Notes to the Financial Statements for the Year Ended 29 February 2024 Debt in$truments Debt instruments which meèt thè follovAng conditsons are subsequently rneasud at amorti5ed c05t using the effective interest rnethod. lal The ¢ontra¢tU81 return to the holder Is lil a fixed amount". Illl a positive fixed rat8 or a positivè variablo rata., or Iiii} a combination ol a positive or 8 negabve fixed rate and a positive variable rate. Ibl The Contract may provide lor repayments of the principsl or the return to the holder Ibut not both) to be linked to a single relevant observable Index of general price inflation of the currency in which the debt instrurnent Is d8nominaled, prowdod su¢h links are not leveraged. Icl The ¢ontract may provide for a determinable variation of the retum to the hokler during the life of the instrument, prowded that lil naw rate satisfies condilion (al and th6 variation is not contingent on future events other than111 a change of a contractual wariable rate',121 to protèct the holder against credit deteriorab'on ol the i5suer.-131 ¢hangas in levies applied by a traI bank or arising Irorn changes in relevant taxation or law., 01 lill the new rate is a market Tate of Inte$t and satisfies condltion lal. Idl There is contractual provision that could, by Its tem$, result in the hokler losing tho principal amount or any intsre$t attnbutaUè to the current period or prior period5. lèl Contractual provisions that permit the issuer to prepay a debt in5trumerit or permit the holder to put it back to the issuer befo maturity are not contingént on future events, other than to protect the holder against the ¢redil deterioration of the Esuer or a change in control of the ISSLtr, or to protect the holder or issuer against th8nges in levies applied by a centr81 bank or arising from changes in relevant taxation or law. ID Contiadual provislons may pemiit Ihe 8Xtensson ol the term of the debt instrurnent, provided thèl the relum lo the holder and any other contractual provisions applicabk during the exlended term satSsly the condib.ons of paragraphs lal lo Icl. Debt instrurnènts that are dassified a5 payable tsr receivab within one year on initial recognition and which meet the above conditions a18 measured at the undiscountad amount of the cash or other considèration expected lo b8 paid or recwved: net of impairment. Wrth the exoptn ol some hedging instruments, other debt instrumènts not meeting these conditions are measured al fair value through profit or loss. Commitments to make and receive loans which meet the conditn5 mentioned above are measured al c03t Iwhich rnay be nil) less impairment. Investments Investments in non-convertible preference shares and non-puttable ordin8ry or prefer8nTr shares (where share5 publicly traded or thair fair value is reliably measurab} ars measured at fair value through proff( or loss. Whert fair value cannot be measud reliabty, investments are measur8d at cost less impairment. Investment5 in subsidiaries and associat85 are measured at cosl les$ impainnent. For investments in subsidiaries acquired for consideration including the Issue of shares qualitying for rnerger relief, cost Is measured by reference to the nomin81 value ol the shares issued plus fair valuo of olher consideration. Any premiurn Is ignored. Page13
Talking About Loss Notes to the Financial Statements for the Year Ended 29 February 2024 Derivative fin8ncial instruments Tho charity uses derivative finaff al Instruments to red(Ke exposure to foreign exchange risk and interest rate movements. Tre chanty does not hold or issue dorivativo financial Instruments for speculab.vè purposas. Derivatives are Injtially recognised at fair value at the date a contract is eThled into and are subsequently lmeaSUred to their f8*r value at each portIng date. The SUM1n9 gain or 1055 15 e0915ed In sl8lernénl of finanaal ad1vit$ Immediately un18SS th8 derivats. is designaW and effective as a hedging instrument. in which event the timing of the recognition in statement of financ)al activities depends on Ihe nature ol the hedge tiOnshIp. Fair valug meosurement Th8 best evidence ol fair value is a quoied for an idents.cal asset ift an active mad(et. When qutsted prices are unavailable. the price of a recent transaction for an identical ssset provides evidence ol lair value as long as there has not been a significant change in econotnic circumstances or a significant lapse of time sinTr the trallsaction took pla. If the market 1$ not active and recent transactions of an irkntical a5S8t on lheir own are not a good estimate of fair value, the fair value is estimated by using a valuaton lechniqu8. 3 In¢ome from donations and patIe$ Unrestritted funds General Total funds Donations and g3¢ieS'. Donations from indNiduals 23,759 Total for 2024 23.759 23,759 Total for 2023 12,136 12,138 4 In¢omè fronb eharltable actfvrtles Unrestricted funtls General Restrtcted funds Total funds Grants 19.433 19,433 Total for 2024 19,433 19,433 Total for 2023 34,544 Page 14
Talking About Loss Notes to the Flnancial Statements for the Year Ended 29 February 2024 fj Oth•r •xp•nditure Unrestricted fund8 General Total funds Not8 markeb.ng and publiuty 145 145 Total for 2024 145 145 Total for 2023 6 Anaty8is of gtsv•man¢o and Support costs Governancè costs Unr8Stricled funds General Rostrkt funds Total funds staff costs Other staff costs Other governance costs 7.953 7,868 7,953 2,656 Total lor 2024 15.821 2,656 18,477 Total for 2023 13.190 13,190 7 Net incomingloutgolng resources Nel incomir9 fe50urces for the year inclwle.. 2024 2023 Depreciation of fixed assets 1.753 2,337 staff costs The aggregat8 payroll costs were as ftjllows. 2024 stsff costs durfny the year w¢r¢'. Other stsff costs 7,953 No employee reiVed erntslumenl$ of morè than £60,000 during thè yèar 9 Taxatlon The Charity is a registered charity and is therefore exempt from taxation. Pagg 15
Talking About Loss Notes to the FinanGial Statements for tho Year Endèd 29 February 2024 10 Tangibl• fixed assots Furnitur8 and equlpmgnt Total Cost At 1 March 2023 9.348 9,348 At 29 February 2024 9.348 9.348 D•prg¢iation At 1 March 2023 Charge for the year 2,337 1.753 2,337 1.753 At 29 February 2024 4,090 4,090 Not book value Al 29 February 2024 5.258 At 28 Fébruary 2023 7.011 11 Debtor¥ 2024 2023 Trade dobtors Prepayments 750 294 750 294 12 Ca$h and ca$h equivalents 2024 2023 Cash on hand Cash at bank 164 969 291 291 1,133 13 Creditors: amounts falling du• wlthln ono yoar 2024 2023 Trade creditors Trustees current accounts A¢(xuals 1.543 542 7,137 100 1.e43 7,679 Page 16
Talking About Loss Notes to the Financial Ststements for the Year Ended 29 F8bruary 2024 14 Funds Balance at 1 March 2023 Incomlng resourc8S Resoure•s •xp•ndod Balance at 29 February 2024 Unrestrleted funds General 761 3,895 4.656 RestTiCttd funds 19,433 119,433 Totsl funds 761 19,433 115.5381 4.656 Balance at 1 March 2022 In¢omin9 resourebs Resources èxpended Balance at 28 February 2023 Unrostrlcted funds General 315 134,1(N)I 759 15 Analysis of n•t funds A11 InDrch 2023 At29 February 2024 Cash at bank and in hand 1.1 1,133 Nat debt 1.133 Al 1 Mah 2022 1.133 At28 February 2023 Cash at bank and in hand 654 Net debt 654 654 16 Related party tran5actii)Ds During the year the charity made the following related party transadicns MYS J H Gunn Imrs J H Gunn. a Trustee, had a loan to th8 Ch8nty that was nVerted to a donation 8nd made a further donation during the year of £10,275.) At the balance sheel date the amount due tolfrom to Mrs J H Gunn was £Nil12023- £7,137>. P896 17
Talking About Loss Statement of Financial Activities by fund for the Year Ended 29 February 2024 Unrestricted Funds Total Total Unrg$trl¢tsd Unro$trl¢ted Fund8 Fun(J8 2024 2023 Income and End¢)wm•nts from: Donations and legaaes Charitsble activities 23,759 12,136 34.544 Total income 23,759 46.680 ExpendItU on.. Raising fund5 Charitable activities Other expènditure 12,1451 117,5741 {1451 11751 144.8721 1.1891 Totol expenditure 119.8641 146.2361 Net income 3.895 Net movemenl in lund 3,895 Recon£lllatlon of fund8 Total funds brought forward 767 315 Total funds carned forward 4.656 759 This page d085 not form part of the ststutory financial st8tement5. Page 18
Talking About Loss Statement of Financial Activities by fund for the Year Ended 29 February 2024 Reslricted Funds Total Re$tricled Fund8 2024 Total Restricted Funds 2023 Income and Endowm•Thts from: Charrtable acti¥ibes 19,433 Totsl In¢ome 19,433 Expendlture on: Charitable activitios 19,4331 Total èxpanditure 119,4331 Nel inwtn8llexpenditurel Reconciliation of lunds Totsl funds caribed forward This page does not forrn part of the statutory financial 5tatetnents. Pag8 19
Talking About Loss Detailed Statemenl of Financial Activities for the Year Ended 29 February 2024 Total 2024 Total 2023 Income and Endov•Tnents from- Donatsons and legaciès lanalysed below) Charitable activities lanalysed below) 23.759 19,433 12,136 34,544 Total income 43.192 46,680 Expenditur• on.. Raising funds lanèlysèd below) Charitsble activities lènalysed below) Other expenditure lanalysed below) 12,1451 137,0071 145 11751 144,8721 1,1891 Total expenditure 139,297 46,236 Net incorne 3.895 444 Net movement in funds 3.895 Re¢on¢iliation of funds Total ndS broughl forward 761 315 Total funds carrièd forward 4,656 759 This page does not form part of the statutory financial statements. Page 20
Talking About Loss Detailed Statement of Financial Activities for the Year Ended 29 Fèbruary 2024 Total 2024 Total 2023 Oonatlons and legacies Appeals and donations 23.759 12,136 23,759 12,136 Charhable activities Grants- other agen¢ies Grants 19,433 19,433 Ralslng fvrtd$ Matenals 12,1451 12,1451 1175} 11751 Charitsble è¢tlvttles Materials Counselling fee5 Counsellin9 fees Depreciation of plant and machinery Fundraising costs Fundraising costs Stsff training Rent Light. heat and power Insurance Insuran Repairs and maintenance Tdephone and fax Cornpuler SOre and maintenance costs Prinb"ng, postage and Stationery Printing. postage and stationery Trade subscriptions Sundry expenses Motor expenses other servi8 Other services 14,2831 112,4941 129,3451 12.3371 11,7531 11.0401 17.9531 16501 14,3661 14461 13001 17641 16,6121 11,2971 1147} 1651 17511 1648} 16951 14261 12051 16991 11381 1609} 1401 12401 11,3921 12, 1841 137.007 Other expendlture Advertising 145 1.189 1145 11,189 This page does not lorm part ol the stalulory financial statements Page21