REGISTERED COMPANY NUMBER: 10752538 (England and Wales) REGISTERED CHARITY NUMBER: 1193117
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
FOR
PEOPLESPEAKUP LTD
Carr, Jenkins & Hood 3 New Mill Court Enterprise Park Swansea SA7 9FG
PEOPLESPEAKUP LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
| Page | |
|---|---|
| Report of the trustees | 1 to 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 to 8 |
| Notes to the financial statements | 9 to 20 |
PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538)
REPORT OF THE TRUSTEES FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 June 2022 to 31 March 2023. 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).
The report of the trustees also incorporates a directors' report as required by company law.
Objectives and activities
Objectives and aims
Objectives
During this financial period our main objectives were to deliver services that met the needs of our community, partners and stakeholders by working to our objectives set out in our Articles of Association. In summary our key objectives are:
-
To continue to meet the needs of our community, partners and stakeholders.
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To deliver all projects as planned and on budget.
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To continue to work with all ages, so people have the time and space to find their voice.
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To support the wellbeing of staff, freelancers and volunteers in the work place.
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Develop a community garden at The Ffwrnes Fach.
Vision
To create a space for people to find their voice.
Mission
To connect people, creating healthy, resilient communities through storytelling, spoken word, creative writing and participatory arts.
Public benefit
The trustees of the charity are committed to providing a public benefit and have taken into account the Charity Commissions guidance into this area. We aim to adopt a theory of change structure where we work from need to delivery, to evaluation to strategy. People Speak Up (PSU), creates projects by the people, for the people through direct referrals from our partners and walk in's from the communities we work in and around. Collaboration with key partners is important to our growth and learning experience as a third sector organisation.
1
PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538)
REPORT OF THE TRUSTEES FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
Achievement and performance Charitable activities
-
Continuation of contracts for 2 full time and 3 part time staff.
-
Continuing to deliver contracts with Hywel Dda University Health Board on designing an arts and health project for children and young people to support mental health issues - Arts Boost, a Creative prescribing café project for the community, third sector/ arts organisations and the development of an applied storytelling health board staff wellbeing programme.
-
Continuation of Contracts with Carmarthenshire County Council; firstly, with Community Preventative services on supporting older people in the community/ homes and secondly with Family Information childcare & Play team services to support children and families in outside play.
-
Delivered 700 sessions (Ffwrnes Fach, Out & About, home visits).
-
Total Participatory attendance 4,100.
-
Provided a service for 2,806 individuals.
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Fully Embedded wellbeing programme for staff, volunteers and freelance artists, fortnightly one to one drop-in sessions with Wellbeing coach, Ali Franks.
-
Developing the lease with Carmarthenshire County Council for The Ffwrnes Fach, Arts, Health and Well-being Hub in partnership with Carmarthenshire County Council and Llanelli Town Council.
-
Increased numbers across the developing weekly arts and health programme at The Ffwrnes Fach: - Over 50's social, Arty Afternoon, schools' engagement, direct engagement with Syrian refugees, pop up events in partnership with The Llanelli Multi Cultural Network, Arty Afternoon, Story Care and Share, People Sing Up, Street Play, Young People Speak Up, Elevenses, Men in Conversation, Neuro Speak Up, Spoken Word Saturday.
-
- Community Garden in development at The Ffwrnes Fach.
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- Co designed and delivered a partnership project with Y Egin/ University of Wales Trinity St David, Llais Caerfyrddin for the Local Motion Carmarthen Project. Fully embedded in the core group and supporting recruitment of staff and artists to work with the people of Carmarthen town.
-
- Designed and delivered 'Voices of Tyisha' a creative community consultation gathering as part of a Carmarthenshire County Council commission to give the community a voice.
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- PSU supported by Unltd on measuring social impact.
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- Networks consist of: Fusion (Carmarthenshire County Council ) WAHWN, CAVS, WWAMH, Tyisha Community, Play Steering Group CCC, Beat the streets, Age Cymru.
-
- Carmarthenshire Dementia Coalition Member. - A member of The Carmarthenshire United support project with Age Cymru Dyfed, CAVS, Hywel Dda University Health Board, Carmarthenshire County Council, Carers Trust, Care & Repair, British Red Cross.
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- Partnership with Beyond The Border storytelling festival: Mycelium Hub project.
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- Designed and delivered creative community consultation for Carmarthenshire County Council to feed into Carmarthenshire Wellbeing Strategy.
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- Ffwrnes Fach used as a warm hub, enabling the development of the Creative Cwtch and Tech Hub at The Ffwrnes Fach.
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- Llanelli writers circle hold monthly meetings at the Ffwrnes Fach.
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- Inter gen world cup project - Y Wal Goch, supported engagement with new groups in Llanelli.
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- E Shaw supporting University of Wales Trinity St David and Coleg Sir Gâr in developing a BA Hons in Creative arts therapy degree.
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- Inaugural Llanelli Town Lantern parade in partnership with Tyisha regeneration team, further community engagement and large profile event.
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- Staff training: staff visioning January 2023, ABCD, Dolan Tefi Minibus driving, Open Play Level 2, safeguarding, first aid.
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- Heads up - testing out an evening project at The Ffwrnes Fach, delivered by Bill Taylor Beales.
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- Elevenses Dementia sessions have expanded to delivery in Carmarthen post Llais Caerfyrddin Project where need was demonstrated.
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- Frontline - PSU's 2nd publication, edited by Rufus Mufasa, published by Dominic Williams, a book to celebrate the PSU community voice. Commissioned to Rufus Mufasa by Literature Wales.
-
- PSU supported Bethan Marlow with Madison film project.
-
- PSU provided a two-month placement for 2 Applied drama students, one of those students has become part of the freelance staff.
2
PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538)
REPORT OF THE TRUSTEES FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
-
Working in partnership with Beyond The Border on delivering anti-racism storytelling pathway project, funded by the Welsh Government. Implementing strategies, developing projects and a long-term action plan for PSU and our community.
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Increased development in the Welsh language delivery across all the programmes with more Welsh language freelance staff and specific engagement with Ysgol Strade, Llanelli. Welsh language lessons for staff with MCGE.
-
Pod Siarad visited Llanelli, Carmarthen and Llandeilo. Highlight for the pod was being used as a tail gate stage at Beyond The Border International storytelling festival.
-
International Women's Day and International Children's Day/ pop up community events working in partnership with Llanelli Multicultural Network, main partnership with the Polish community.
Financial review
Financial position
Total incoming resources for the period amounted to £386,881 (2022: £207,544). Resources expended amount to £294,721 (2022: £207,327). The net surplus for the period is £92,160 (2022: £217).
The total net reserves at the balance sheet date are £133,219 (2022: £41,059). Unrestricted funds total £118,459 (2022: £27,638) and restricted funds total £14,760 (2022: £13,421).
Reserves policy
The charity's policy on reserves is to keep a minimum in general funds to run the organisation for 3 months.
Future plans
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To apply to The Arts Council of Wales Investment review for longevity in funding and support.
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Maximise access to our services by using the building and Pod to their full potential to increase our reach across South West Wales.
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Grow, not stretch, the delivery and support team, ensuring wellbeing and appropriate remuneration are a priority so we can effectively deliver our services.
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Become sector leaders in Arts and Health in the delivery of arts on prescription commissions and development of the next generation of practitioners to create a legacy for the future.
People Speak Up would like to thank and acknowledge: PSU Team, our passionate creative well-being practitioners, admin support, writers, poets, storytellers, artists, all partners, funders and stakeholders and to all of our speak up community for sharing and listening from the heart.
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PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538)
REPORT OF THE TRUSTEES FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
Structure, governance and management
Governing document
The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
PeopleSpeakUp operates to an informal, open-door methodology in appointing new trustees and are currently creating a formal policy.
Reference and administrative details
Registered Company number
10752538 (England and Wales)
Registered Charity number
1193117
Registered office
Ffwrnes Fach Ffwrnes Theatre Llanelli SA15 3YE
Trustees
S J Ackery C A Smith A D Franks (resigned 20/9/2022) I Hefin S M J Harries (appointed 5/7/2022) C L Anson-Harries (appointed 6/7/2022)
Independent Examiner
Mark Howells FCCA Carr, Jenkins & Hood 3 New Mill Court Enterprise Park Swansea SA7 9FG
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 12 December 2023 and signed on its behalf by:
I Hefin - Trustee
4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PEOPLESPEAKUP LTD
Independent examiner's report to the trustees of PeopleSpeakUp Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity'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
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
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:-
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Mark Howells FCCA
Carr, Jenkins & Hood 3 New Mill Court Enterprise Park Swansea SA7 9FG
12 December 2023
5
PEOPLESPEAKUP LTD
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
----- Start of picture text -----
Period
1.6.22
to Year Ended
31.3.23 31.5.22
Unrestricted Restricted Total Total
funds funds funds funds
as restated
Notes £ £ £ £
Income and endowments from
Donations and legacies 3 865 - 865 20
Charitable activities 5
Projects 105,597 261,473 367,070 199,524
Other trading activities 4 6,996 11,950 18,946 8,000
Total 113,458 273,423 386,881 207,544
Expenditure on
Charitable activities 6
Projects 22,637 272,084 294,721 207,327
NET INCOME 90,821 1,339 92,160 217
Reconciliation of funds
Total funds brought forward
As previously reported 28,192 13,421 41,613 40,842
Prior year adjustment 13 (554) - (554) -
As restated 27,638 13,421 41,059 40,842
Total funds carried forward 118,459 14,760 133,219 41,059
----- End of picture text -----
The notes form part of these financial statements
6
PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538)
BALANCE SHEET 31 MARCH 2023
----- Start of picture text -----
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
as restated
Notes £ £ £ £
Fixed assets
Tangible assets 15 24,407 8,212 32,619 31,560
Current assets
Debtors 16 69,362 - 69,362 31,048
Cash at bank and in hand 87,117 6,548 93,665 72,320
156,479 6,548 163,027 103,368
Creditors
Amounts falling due within one year 17 (16,685) - (16,685) (9,529)
Net current assets 139,794 6,548 146,342 93,839
Total assets less current liabilities 164,201 14,760 178,961 125,399
Creditors
Amounts falling due after more than one year 18 (20,742) - (20,742) (24,093)
Accruals and deferred income 20 (25,000) - (25,000) (60,247)
NET ASSETS 118,459 14,760 133,219 41,059
Funds 21
Unrestricted funds:
General fund 107,738 22,102
Designated fund for projects 10,721 5,536
118,459 27,638
Restricted funds 14,760 13,421
Total funds 133,219 41,059
----- End of picture text -----
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
7
PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538)
BALANCE SHEET - continued 31 MARCH 2023
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 12 December 2023 and were signed on its behalf by:
I Hefin - Trustee
The notes form part of these financial statements
8
PEOPLESPEAKUP LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
1. Statutory information
PeopleSpeakUp Ltd is a private company, limited by guarantee without share capital, registered in England and Wales. The registered office address can be found in the report of the trustees.
2. Accounting policies
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The charity constitutes a public benefit entity as defined by FRS 102.
Going concern
The trustees have assessed whether there are significant doubts about the charity's ability to continue as a going concern and concluded that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees will only commit to projects when funding is available. This policy is underpinned by available reserves.
Change of year end reporting date
The year end reporting date has been changed from 31 May 2023 to 31 March 2023. The period covered by these accounts is the 10 months ended 31 March 2023. As a result of this the comparatives reported in these accounts are not entirely comparable with the current period.
The year end has been changed to allow the easier reporting of the results from projects undertaken due to the majority of grant providers requiring the results to 31 March each year.
Income
All income is recognised in the Statement of Financial Activities when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably.
Donations and voluntary income are accounted for when receivable.
The charity receives government grants in respect of furthering its charitable objectives. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
continued...
9
PEOPLESPEAKUP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
2. Accounting policies - continued
Allocation and apportionment of costs
Costs are allocated between direct charitable and support expenditure according to the nature of the cost. Where items involve more than one category they are apportioned between the categories on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on cost Motor vehicles - 20% on cost
Taxation
As a registered charity, PeopleSpeakUp Ltd is entitled to exemption from taxation in respect of income and capital gain received with sections 478-489 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives only.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. Contributions payable for the year are charged in the Statement of Financial Activity and represent the contributions payable by the company to the fund.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account and that are subject to an insignificant risk to changes in value.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
continued...
10
PEOPLESPEAKUP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
2. Accounting policies - continued
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Leasing
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. The related obligations, net of future charges, are included in creditors.
Rentals payable under operating leases are charged to the SOFA on a straight line basis over the period of the lease.
3. Donations and legacies
| Donations and legacies | ||||
|---|---|---|---|---|
| Donations | Unrestricted funds £ 865 |
Restricted funds £ - |
Period 1.6.22 to 31.3.23 Total funds £ 865 |
Year Ended 31.5.22 as restated Total funds £ 20 |
| Other trading activities Commissions Other income |
Unrestricted funds £ 3,000 3,996 |
Restricted funds £ 11,950 - |
Period 1.6.22 to 31.3.23 Total funds £ 14,950 3,996 |
Year Ended 31.5.22 as restated Total funds £ 3,000 5,000 |
| 6,996 | 11,950 | 18,946 | 8,000 |
4. Other trading activities
continued...
11
PEOPLESPEAKUP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
5. Income from charitable activities
| Activity Grants for projects Projects Grants for commissions Projects |
Period 1.6.22 to Year Ended 31.3.23 31.5.22 as restated £ £ 202,762 104,155 164,308 95,369 367,070 199,524 |
|---|---|
Income from charitable activities was £367,070 (2022; £199,524) of which £261,473 (2022; £16,520) was attributable to restricted funds and £105,597 (2022; £183,004) was attributable to unrestricted funds.
Grants received, included in the above, are as follows:
| Grants received, included in the above, are as follows: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Arts Council of Wales Create | 85,439 | 64,683 |
| Carmarthenshire County Council | 150,503 | 92,699 |
| Hywel Dda University Health Board | 27,167 | 4,000 |
| CAVS | 52,708 | 11,000 |
| Oakdale Trust | 1,000 | 1,000 |
| Garfield Weston | 16,458 | 8,542 |
| BBC Children in Need | 5,500 | 5,000 |
| Pobl | - | 1,250 |
| National Lottery Awards for All | - | 11,350 |
| Arts Council of Wales Arts & Health | 9,350 | - |
| Gwendoline and Margaret Davies Charitable Trust | 3,000 | - |
| Local Giving | 500 | - |
| National Grid | 9,945 | - |
| The Archer Trust | 1,000 | - |
| Llanelli Town Council | 4,500 | - |
| 367,070 | 199,524 | |
continued...
12
PEOPLESPEAKUP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
6. Charitable activities costs
----- Start of picture text -----
|||||
|---|---|---|---|
|Direct|Support|
|Costs (see|costs (see|
|note 7)|note 8)|Totals|
|£|£|£|
|Projects|216,944|77,777|294,721|
----- End of picture text -----
272,084 (2022: £10,506) of the above costs were attributable to restricted funds, £22,637 (2022: £196,821) of the above costs were attributable to unrestricted funds.
7. Direct costs of charitable activities
----- Start of picture text -----
|||||
|---|---|---|---|
|Period|
|1.6.22|
|to|Year Ended|
|31.3.23|31.5.22|
|as restated|
|£|£|
|Staff costs|104,319|68,607|
|Facilitators fees|72,734|51,719|
|Project resources|16,701|22,761|
|Performers fees|4,650|5,740|
|Project management|533|10,000|
|Volunteers expenses|1,282|280|
|Project documentation and evaluation|12,790|1,000|
|Translation fees|935|1,650|
|-|
|Staff and freelance wellbeing|3,000|
|216,944|161,757|
|8.|Support costs|
|Governance|
|Management|costs|Totals|
|£|£|£|
|Projects|72,564|5,213|77,777|
----- End of picture text -----
continued...
13
PEOPLESPEAKUP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
8. Support costs - continued
Support costs, included in the above, are as follows:
Management
| Management | ||
|---|---|---|
| Rent and rates Insurance Telephone Printing, postage and stationery Advertising Sundries Business support Training Motor and travel Venue hire Subscriptions and memberships Small tools and equipment Refreshments Bank charges Depreciation of tangible and heritage assets Loss on sale of tangible fixed assets Interest on late PAYE payments Leasing |
Period 1.6.22 to 31.3.23 Projects £ 4,590 2,966 1,860 927 6,146 18 20,500 3,553 10,634 174 6,027 2,115 3,609 100 8,845 - 72 428 |
Year Ended 31.5.22 as restated Total activities £ 10,481 368 1,471 156 3,058 - 7,582 1,846 5,286 - 5,237 227 516 90 6,089 83 - 428 |
| 72,564 | 42,918 | |
| Governance costs Independent examiners remuneration Independent examiners remuneration for other work |
Period 1.6.22 to 31.3.23 Projects £ 3,948 1,265 |
Year Ended 31.5.22 as restated Total activities £ 370 2,282 |
| 5,213 | 2,652 |
continued...
14
PEOPLESPEAKUP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
9. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
----- Start of picture text -----
||||
|---|---|---|
|Period|
|1.6.22|
|to|Year Ended|
|31.3.23|31.5.22|
|as restated|
|£|£|
|Examination of the financial statements|3,948|370|
|Other services|1,265|2,282|
|Depreciation - owned assets|8,845|6,089|
|Deficit on disposal of fixed assets|-|83|
----- End of picture text -----
10. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the period ended 31 March 2023 nor for the year ended 31 May 2022.
Trustees' expenses
There were no trustees' expenses paid for the period ended 31 March 2023 nor for the year ended 31 May 2022.
11. Staff costs
----- Start of picture text -----
||||
|---|---|---|
|Period|
|1.6.22|
|to|Year Ended|
|31.3.23|31.5.22|
|as restated|
|£|£|
|Wages and salaries|96,705|67,544|
|-|
|Social security costs|4,932|
|Other pension costs|2,682|1,063|
|104,319|68,607|
----- End of picture text -----
The average monthly number of employees during the period was as follows:
----- Start of picture text -----
||||
|---|---|---|
|Period|
|1.6.22|
|to|Year Ended|
|31.3.23|31.5.22|
|as restated|
|Full time employees (or equivalent)|3|3|
----- End of picture text -----
No employees received emoluments in excess of £60,000.
The total employee benefits of the key management personnel of the charity were 36,050 (2022: £24,499).
continued...
15
PEOPLESPEAKUP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
12. Comparatives for the statement of financial activities
| Unrestricted Restricted funds funds as £ £ Income and endowments from Donations and legacies 20 - Charitable activities Projects 183,004 16,520 Other trading activities 8,000 - Total 191,024 16,520 Expenditure on Charitable activities Projects 196,821 10,506 NET INCOME/(EXPENDITURE) (5,797) 6,014 Transfers between funds (7,226) 7,226 Net movement in funds (13,023) 13,240 Reconciliation of funds Total funds brought forward 40,661 181 Total funds carried forward 27,638 13,421 |
Total funds restated £ 20 199,524 8,000 207,544 207,327 217 - 217 40,842 41,059 |
|---|---|
13. Prior year adjustment
The accounts to 31 May 2022 have been restated. A van purchased on a finance lease was incorrectly treated as an operating lease with the subsequent repayments posted to the statement of financial activities (SOFA) as leasing costs.
As a result of this restatement, the surplus for last year has decreased by £554 with unrestricted funds also decreasing by £554.
continued...
16
PEOPLESPEAKUP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
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14. Independent examiners remuneration
2023 2022
£ £
Examination of the financial statements 3,948 370
Other services 1,265 2,282
5,213 2,652
15. Tangible fixed assets
Motor
Equipment vehicles Totals
£ £ £
Cost
At 1 June 2022 8,329 31,800 40,129
Additions 9,904 - 9,904
At 31 March 2023 18,233 31,800 50,033
Depreciation
At 1 June 2022 4,329 4,240 8,569
Charge for year 3,545 5,300 8,845
At 31 March 2023 7,874 9,540 17,414
Net book value
At 31 March 2023 10,359 22,260 32,619
At 31 May 2022 4,000 27,560 31,560
16. Debtors: amounts falling due within one year
2023 2022
as restated
£ £
Trade debtors 49,411 5,300
Other debtors 675 675
-
Social security and other taxes 4,266
Wages 250 -
Accrued income 14,250 25,073
Prepayments 510 -
69,362 31,048
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PEOPLESPEAKUP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
17. Creditors: amounts falling due within one year
| 17. Creditors: amounts falling due within one year |
||||
|---|---|---|---|---|
| Finance leases (see note 19) Trade creditors Social security and other taxes Wages Pension Accrued expenses 18. Creditors: amounts falling due after more than one year Finance leases (see note 19) 19. Leasing agreements Minimum lease payments under finance leases fall due as follows: Net obligations repayable: Within one year Between one and five years 20. Accruals and deferred income Deferred income Brought forward Additions during the year Amounts released to income Carried forward |
2023 2022 as restated £ £ 4,021 4,021 8,024 - - 2,942 - (56) 692 552 3,948 2,070 16,685 9,529 2023 2022 as restated £ £ 20,742 24,093 Finance leases 2023 2022 as restated £ £ 4,021 4,021 20,742 24,093 24,763 28,114 2023 2022 as restated £ £ 25,000 60,247 |
|||
| 2023 | 2022 | |||
| £ | £ | |||
| 60,247 | - | |||
| 25,000 | 60,247 | |||
| (60,247) | - | |||
| 25,000 | 60,247 | |||
Income deferred is wholly related to income received in advance for a project that was delivered after the balance sheet date.
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PEOPLESPEAKUP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
21. Movement in funds
| At 1.6.22 £ Unrestricted funds General fund 22,656 Designated fund for projects 5,536 |
Prior Net year movement At adjustment in funds 31.3.23 £ £ £ (554) 85,636 107,738 - 5,185 10,721 |
|---|---|
| 28,192 Restricted funds Restricted fund for projects 13,421 |
(554) 90,821 118,459 - 1,339 14,760 |
| TOTAL FUNDS 41,613 |
(554) 92,160 133,219 |
| Net movement in funds, included in the above are as follows: Unrestricted funds General fund Designated fund for projects |
Incoming Resources Movement resources expended in funds £ £ £ 98,958 (13,322) 85,636 14,500 (9,315) 5,185 |
| Restricted funds Restricted fund for projects |
113,458 (22,637) 90,821 273,423 (272,084) 1,339 |
| TOTAL FUNDS | 386,881 (294,721) 92,160 |
| Comparatives for movement in funds At 1.6.21 £ Unrestricted funds General fund 51 Designated fund for projects 40,610 |
Net Transfers movement between At in funds funds 31.5.22 £ £ £ (54,316) 76,367 22,102 48,519 (83,593) 5,536 |
| 40,661 Restricted funds Restricted fund for projects 181 |
(5,797) (7,226) 27,638 6,014 7,226 13,421 |
| TOTAL FUNDS 40,842 |
217 - 41,059 |
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PEOPLESPEAKUP LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023
21. Movement in funds - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated fund for projects Restricted funds Restricted fund for projects TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ 15,570 (69,886) (54,316) 175,454 (126,935) 48,519 191,024 (196,821) (5,797) 16,520 (10,506) 6,014 207,544 (207,327) 217 |
|---|---|
22. Other financial commitments
The charity had total commitments at the balance sheet date of £727 (2022; £1,155).
23. Related party disclosures
There were no related party transactions for the period ended 31 March 2023 nor for the year ended 31 May 2022.
24. Limited by guarantee
The charity is constituted as a company limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up.
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