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2024-03-31-accounts

REGISTERED COMPANY NUMBER: 10752538 (England and Wales) REGISTERED CHARITY NUMBER: 1193117

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PEOPLESPEAKUP LTD

Carr, Jenkins & Hood 3 New Mill Court Enterprise Park Swansea SA7 9FG

PEOPLESPEAKUP LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

----- Start of picture text -----
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
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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538)

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 year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

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:

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.

Values

Listening; Actively listening without judgement to everyone we come in contact with.

Inclusivity; Striving for equity, actively fighting social injustice and investing in truly being an anti-racist community. Collaboration; Engaging in meaningful working relationships with shared value partners and individuals to together strengthen our impact.

Learnings; We are unafraid to ask the hard questions, open to accept and learn from our failures, and share our findings with our community, partners and wider networks.

People Led; Being transparent with our community and partners so we can continue to grow and always be led by the people and not agendas.

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 YEAR ENDED 31 MARCH 2024

Achievement and performance Charitable activities

2

PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Financial review

Financial position

Total incoming resources for the year amounted to £401,877 (2023: £386,881). Resources expended amount to £406,617 (2023: £294,721). The net deficit for the year is £4,740 (2023: surplus of £92,160).

The total net reserves at the balance sheet date are £128,479 (2023: £133,219). Unrestricted funds total £107,953 (2023: £118,459) and restricted funds total £20,526 (2023: £14,760).

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

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.

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 (resigned 23/6/2024) I Hefin S M J Harries C L Anson-Harries J M Davies (appointed 12/9/2023) A E Hudson (appointed 12/3/2024) Y F Lewis (appointed 11/6/2024)

3

PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

Reference and administrative details

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 10 December 2024 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 2024.

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:-

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

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

  3. 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

  4. 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

10 December 2024

5

PEOPLESPEAKUP LTD

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

----- Start of picture text -----
Period
1.6.22
Year Ended to
31.3.24 31.3.23
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
Income and endowments from
Donations and legacies 3 2,933 - 2,933 865
Charitable activities 5
Projects 100,500 262,527 363,027 367,070
Other trading activities 4 16,859 19,058 35,917 18,946
Total 120,292 281,585 401,877 386,881
Expenditure on
Charitable activities 6
Projects 130,798 275,819 406,617 294,721
NET INCOME/(EXPENDITURE) (10,506) 5,766 (4,740) 92,160
Reconciliation of funds
Total funds brought forward 118,459 14,760 133,219 41,059
Total funds carried forward 107,953 20,526 128,479 133,219
----- End of picture text -----

The notes form part of these financial statements

6

PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538)

BALANCE SHEET 31 MARCH 2024

----- Start of picture text -----
2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
Fixed assets
Tangible assets 14 17,594 5,027 22,621 32,619
Current assets
Debtors 15 60,797 54,520 115,317 69,362
Cash at bank and in hand 79,699 9,750 89,449 93,665
140,496 64,270 204,766 163,027
Creditors
Amounts falling due within one year 16 (20,596) - (20,596) (16,685)
Net current assets 119,900 64,270 184,170 146,342
Total assets less current liabilities 137,494 69,297 206,791 178,961
Creditors
Amounts falling due after more than one year 17 (16,721) - (16,721) (20,742)
Accruals and deferred income 19 (12,820) (48,771) (61,591) (25,000)
NET ASSETS 107,953 20,526 128,479 133,219
Funds 20
Unrestricted funds:
General fund 107,516 107,738
Designated fund for projects 437 10,721
107,953 118,459
Restricted funds 20,526 14,760
Total funds 128,479 133,219
----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 2024

The trustees acknowledge their responsibilities for

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 10 December 2024 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 YEAR ENDED 31 MARCH 2024

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.

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.

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.

continued...

9

PEOPLESPEAKUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies - continued

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its 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.

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.

continued...

10

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

PEOPLESPEAKUP LTD

2. Accounting policies - continued

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
£
2,933		 Period
1.6.22
Year Ended
to
31.3.24
31.3.23
Restricted
Total
Total
funds
funds
funds
£
£
£
-
2,933
865
Other trading activities
Commissions
Other income		 Unrestricted
funds
£
4,999
11,860		 Period
1.6.22
Year Ended
to
31.3.24
31.3.23
Restricted
Total
Total
funds
funds
funds
£
£
£
10,658
15,657
14,950
8,400
20,260
3,996
16,859 19,058
35,917
18,946

4. Other trading activities

continued...

11

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

PEOPLESPEAKUP LTD

5. Income from charitable activities

Year Ended
31.3.24
Activity
£
Grants for projects
Projects
251,387
Grants for commissions
Projects
111,640
363,027		 Period
1.6.22
to
31.3.23
£
202,762
164,308
367,070

Income from charitable activities was £363,027 (2023; £367,070) of which £262,527 (2023; £261,473) was attributable to restricted funds and £100,500 (2023; £105,597) was attributable to unrestricted funds.

Grants received, included in the above, are as follows:

Grants received, included in the above, are as follows:
2024 2023
£ £
Arts Council of Wales Create 100,500 85,439
Carmarthenshire County Council 106,640 150,503
Hywel Dda University Health Board - 27,167
CAVS 2,000 52,708
Oakdale Trust - 1,000
Garfield Weston - 16,458
BBC Children in Need - 5,500
Arts Council of Wales Arts & Health 100,000 9,350
Arts Council of Wales Explore 3,000 -
Gwendoline and Margaret Davies Charitable Trust - 3,000
Local Giving 500 500
National Grid - 9,945
The Archer Trust - 1,000
Llanelli Town Council - 4,500
Community Foundation Wales 5,000 -
Community Foundation Wales, Wesleyan Foundation 10,000 -
Sustainable Communities Fund 27,510 -
Ty Cerdd 2,000 -
Co-Op 877 -
Nacro 2,000 -
POBL 3,000 -
363,027 367,070

continued...

12

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

PEOPLESPEAKUP LTD

6. Charitable activities costs

----- Start of picture text -----
||||| |---|---|---|---| |Direct|Support| |Costs (see|costs (see| |note 7)|note 8)|Totals| |£|£|£| |Projects|302,790|103,827|406,617|

----- End of picture text -----

£265,456 (2023: £272,084) of the above costs were attributable to restricted funds, £139,427 (2023: £22,637) of the above costs were attributable to unrestricted funds.

7. Direct costs of charitable activities

----- Start of picture text -----
||||| |---|---|---|---| |Period| |1.6.22| |Year Ended|to| |31.3.24|31.3.23| |£|£| |Staff costs|169,019|104,319| |Facilitators fees|97,300|72,734| |Project resources|13,700|16,701| |Performers fees|1,600|4,650| |Project management|-|533| |Volunteers expenses|80|1,282| |Project documentation and evaluation|12,871|12,790| |Translation fees|1,820|935| |Staff and freelance wellbeing|6,400|3,000| |302,790|216,944| |8.|Support costs| |Governance| |Management|costs|Totals| |£|£|£| |Projects|95,714|8,113|103,827|

----- End of picture text -----

continued...

13

PEOPLESPEAKUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

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
Interest on late PAYE payments
Leasing		 Period
1.6.22
Year Ended
to
31.3.24
31.3.23
Total
Projects
activities
£
£
6,120
4,590
2,223
2,966
3,204
1,860
183
927
8,445
6,146
1,476
18
25,026
20,500
1,800
3,553
20,913
10,634
2,403
174
6,376
6,027
808
2,115
5,566
3,609
114
100
10,497
8,845
60
72
500
428
95,714
72,564
Governance costs
Independent examiners remuneration
Independent examiners remuneration for
other work
Legal fees		 Period
1.6.22
Year Ended
to
31.3.24
31.3.23
Total
Projects
activities
£
£
4,140
3,948
1,223
1,265
2,750
-
8,113
5,213

continued...

14

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

PEOPLESPEAKUP LTD

9. Net income/(expenditure)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |Period| |1.6.22| |Year Ended|to| |31.3.24|31.3.23| |£|£| |Examination of the financial statements|4,140|3,948| |Other services|1,223|1,265| |Depreciation - owned assets|10,497|8,845|

----- End of picture text -----

10. Trustees' remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the period ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the period ended 31 March 2023.

11. Staff costs

----- Start of picture text -----
|||| |---|---|---| |Period| |1.6.22| |Year Ended|to| |31.3.24|31.3.23| |£|£| |Wages and salaries|158,225|96,705| |Social security costs|8,626|4,932| |Other pension costs|2,168|2,682| |169,019|104,319| |The average monthly number of employees during the year was as follows:| |Period| |1.6.22| |Year Ended|to| |31.3.24|31.3.23| |Full time employees (or equivalent)|6|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 £44,649 (2023: £36,050).

continued...

15

PEOPLESPEAKUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

----- Start of picture text -----
12. Comparatives for the statement of financial activities
Unrestricted Restricted Total
funds funds funds
£ £ £
Income and endowments from
Donations and legacies 865 - 865
Charitable activities
Projects 105,597 261,473 367,070
Other trading activities 6,996 11,950 18,946
Total 113,458 273,423 386,881
Expenditure on
Charitable activities
Projects 22,637 272,084 294,721
NET INCOME 90,821 1,339 92,160
Reconciliation of funds
Total funds brought forward
As previously reported 28,192 13,421 41,613
-
Prior year adjustment (554) (554)
As restated 27,638 13,421 41,059
Total funds carried forward 118,459 14,760 133,219
13. Independent examiners remuneration
2024 2023
£ £
Examination of the financial statements 4,140 3,948
Other services 1,223 1,265
5,363 5,213
----- End of picture text -----

continued...

16

PEOPLESPEAKUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

14. Tangible fixed assets

Equipment
£
Cost
At 1 April 2023
18,233
Additions
499
At 31 March 2024
18,732
Depreciation
At 1 April 2023
7,874
Charge for year
4,137
At 31 March 2024
12,011
Net book value
At 31 March 2024
6,721
At 31 March 2023
10,359
15.
Debtors: amounts falling due within one year
Trade debtors
Other debtors
Social security and other taxes
Wages
Accrued income
Prepayments		 Motor
vehicles
£
31,800
-
31,800
9,540
6,360
15,900
15,900
22,260
2024
£
43,372
675
-
250
70,510
510
115,317		 Totals
£
50,033
499
50,532
17,414
10,497
27,911
22,621
32,619
2023
£
49,411
675
4,266
250
14,250
510
69,362

continued...

17

PEOPLESPEAKUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. Creditors: amounts falling due within one year

Finance leases (see note 18)
Trade creditors
Social security and other taxes
Pension
Accrued expenses
17.
Creditors: amounts falling due after more than one year
Finance leases (see note 18)
18.
Leasing agreements
Minimum lease payments under finance leases fall due as follows:
Net obligations repayable:
Within one year
Between one and five years
19.
Accruals and deferred income
Deferred income
Brought forward
Additions during the year
Amounts released to income
Carried forward		 2024
2023
£
£
4,021
4,021
8,564
8,024
3,172
-
699
692
4,140
3,948
20,596
16,685
2024
2023
£
£
16,721
20,742
Finance leases
2024
2023
£
£
4,021
4,021
16,721
20,742
20,742
24,763
2024
2023
£
£
61,591
25,000		 2024
2023
£
£
4,021
4,021
8,564
8,024
3,172
-
699
692
4,140
3,948
20,596
16,685
2024
2023
£
£
16,721
20,742
Finance leases
2024
2023
£
£
4,021
4,021
16,721
20,742
20,742
24,763
2024
2023
£
£
61,591
25,000		 2024
2023
£
£
4,021
4,021
8,564
8,024
3,172
-
699
692
4,140
3,948
20,596
16,685
2024
2023
£
£
16,721
20,742
Finance leases
2024
2023
£
£
4,021
4,021
16,721
20,742
20,742
24,763
2024
2023
£
£
61,591
25,000
2024 2023
£ £
25,000 60,247
61,591 25,000
(25,000) (60,247)
61,591 25,000

Income deferred is wholly related to income received in advance for several projects that were delivered after the balance sheet date.

continued...

18

PEOPLESPEAKUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

20.
Movement in funds
Unrestricted funds
General fund
Designated fund for projects		 Net
movement
At 1.4.23
in funds
£
£
107,738
(222)
10,721
(10,284)		 At
31.3.24
£
107,516
437
Restricted funds
Restricted fund for projects		 118,459
(10,506)
14,760
5,766		 107,953
20,526
TOTAL FUNDS 133,219
(4,740)		 128,479
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Designated fund for projects		 Incoming
Resources
resources
expended
£
£
120,213
(120,435)
79
(10,363)		 Movement
in funds
£
(222)
(10,284)
Restricted funds
Restricted fund for projects		 120,292
(130,798)
281,585
(275,819)		 (10,506)
5,766
TOTAL FUNDS 401,877
(406,617)		 (4,740)
Comparatives for movement in funds
At 1.6.22
£
Unrestricted funds
General fund
22,656
Designated fund for projects
5,536		 Prior
Net
year
movement
adjustment
in funds
£
£
(554)
85,636
-
5,185		 At
31.3.23
£
107,738
10,721
28,192
Restricted funds
Restricted fund for projects
13,421		 (554)
90,821
-
1,339		 118,459
14,760
TOTAL FUNDS
41,613		 (554)
92,160		 133,219

continued...

19

PEOPLESPEAKUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

20. 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
£
£
£
98,958
(13,322)
85,636
14,500
(9,315)
5,185
113,458
(22,637)
90,821
273,423
(272,084)
1,339
386,881
(294,721)
92,160

21. Other financial commitments

The charity had total commitments at the balance sheet date of £227 (2023; £727).

22. Related party disclosures

There were no related party transactions for the year ended 31 March 2024.

23. 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.

20