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2024-08-31-accounts

Charity number: 1194022

Speech Bubbles CIO

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 August 2024

Speech Bubbles CIO Contents Page For the year ended 31 August 2024

Report of the Trustees 1 to 4
Independent Examiner's Report to the Trustees 5
Statement of Financial Activities 6
Statement of Financial Position 7
Notes to the Financial Statements 8 to 15

Speech Bubbles CIO Report of the Trustees

For the year ended 31 August 2024

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 August 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

OBJECTIVES

To advance the arts for the public benefit by the promotion in particular, but not exclusively, of the art of drama.

ACTIVITIES

Drama workshops in primary schools that support the communication, confidence, and social interaction of children with communication needs.

Statement on public benefit

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

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Speech Bubbles CIO Report of the Trustees Continued For the year ended 31 August 2024

ACHIEVEMENTS AND PERFORMANCE

Significant activities

Whilst there is much that is positive to say about the academic year 2023-2024 it has been shocking in many ways. Our schools and theatre partners have been deeply impacted by a range of financial and social pressures. Many schools in the areas that we work have deficit budgets and are responding to that with staff cuts. We are also in areas where the impact of falling roles means that schools are closing classes or closing completely. Despite these challenges, we have had a wonderful time listening to children's stories and acting them out to build confidence, communication, and creativity. It has also been fantastic to share creative practice with educators through our Continued Professional Development (CPD) programme.

Speech Bubbles School Programme.

In total 1100 children in 54 schools have taken part in Speech Bubbles this year. With 1000 taking part in the full 24 week programme and 100 taking part in the 18 week Bounce Back programme that started in January.

Of the participating children:

Changes that we see in participating children

We ask class teachers to complete pre and post assessments on participating children. The assessment asks specific questions on speaking and listening and emotion and conduct and gives space for a comment.

Teachers report that of the children taking part

Drama Tools For Great Communication

This year we rolled out our teachers Continued Professional Development (CPD) workshops across the partner network. In total 510 school staff in 48 schools have taken part in Speech Bubbles CPD.

77 students and professionals have taken part across 3 Higher Education settings and 1 professional network The feedback from the CPD has been extremely positive:

· 94% of respondents saying they felt better equipped to plan and deliver a creative activity that supported communication

"Delivery excellent and non-threatening. Practical non-challenging ideas removing apprehension. Facilitators were superb very understanding and made it easy."

The Partner network

This year Speech Bubbles was delivered in Greater Manchester, Hertfordshire, Greater London and Kent by our partner network. Our CPD programme was also available in Nottingham.

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Speech Bubbles CIO Report of the Trustees Continued For the year ended 31 August 2024

We also trained up our latest partner Bristol Old Vic who will be delivering in schools from September 2024.

Making the case: for arts in education.

Although Speech Bubbles CIO is a relatively small organisation, we believe that our unique history, culture of cross-sector collaboration, and evidence-based approach can offer significant benefits to a wide professional community. Reaching out and making that case also brings us into contact with opportunities to improve practice and reach more children in need.

Over the last 12 months we have:

· Presented at nine events in London, Kent, Manchester and online.

· Written a book. That's My Story! Published by Routledge March 24.

· Recorded a podcast for the Oracy Education Commission.

· Published 12 blog posts describing our practice and connections with the wider cultural education community.

FINANCIAL REVIEW

From Sept 2023- August 2024 we had earned income from schools and theatre partners, grant income, pro bono consultancy and a donation.

Thanks to -

Paul Hamlyn Foundation, Garfield Weston, Walcot Foundation, Kenora Trust, Identity E2E for financial support and to the Cranfield Trust for Pro Bono Consultancy support.

Reserves

Speech Bubbles CIO maintains free unrestricted reserves:

· to provide a level of working capital that protects the continuity of our core work · to provide a level of funding for unexpected opportunities

· to provide cover for risks such as unforeseen expenditure or unanticipated loss of income.

The board of trustees will review the above criteria with reference to Speech Bubbles CIO's strategy and Annual Plan and determine the target level of free reserves to meet these. The board of trustees will at times designate funds from free reserves for significant project costs or replacement of major assets.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Speech Bubbles was constituted as a Charitable Incorporated Organisation registered on 07 April 2021.

Recruitment and appointment of trustees

(1)At every annual general meeting of the members of the CIO, one-third of the charity trustees shall retire from office. If the number of charity trustees is not three or a multiple of three, then the number nearest to one-third shall retire from office

(2)The charity trustees to retire by rotation shall be those who have been longest in office since their last appointment or reappointment. If any trustees were last appointed or reappointed on the same day those to retire shall (unless they otherwise agree among themselves) be determined by lot;

(3)The vacancies so arising may be filled by the decision of the members at the annual general meeting; any vacancies not filled at the annual general meeting may be filled as provided in sub-clause (4) of this clause:

(4) The members or the charity trustees may at any time decide to appoint a new charity trustee, whether in place of a charity trustee who has retired or been removed in accordance with clause 15) (Retirement and removal of charity trustees), or as an additional charity(1)trustee, provided that the limit specified in clause 12) (3) on the number of charity trustees would not as a result be exceeded;

(5)A person so appointed by the members of the CIO shall retire in accordance with the provisions of sub-clauses (2) and (3) of this clause. A person so appointed by the charity trustees shall retire at the conclusion of the next annual general meeting after the date of his or her appointment, and shall not be counted for the purpose of determining which of the charity trustees is to retire by rotation at that meeting.

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Speech Bubbles CIO Independent Examiners Report to the Trustees For the year ended 31 August 2024

I report to the trustees on my examination of the accounts of the charity for the year ended 31 August 2024.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiners statement

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 Charity as required by section 130 of the 2011 Act; or

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

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Andrew M Wells FMAAT Counterculture Partnership LLP Bank Chambers, Main Street Hawes North Yorkshire DL8 3QL

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Speech Bubbles CIO Statement of Financial Activities For the year ended 31 August 2024

Notes Unrestricted Restricted 2024 2023
funds funds
£ £ £ £
Income and endowments from:
Donations and legacies 2 90,648 60,940 151,588 162,748
Charitable activities 3 36,040 - 36,040 55,747
Investments 4 1,371 - 1,371 233
Total 128,059 60,940 188,999 218,728
Expenditure on:
Raising funds 5 (2,431) - (2,431) (2,200)
Charitable activities 6/7 (133,827) (29,190) (163,017) (182,690)
Total (136,258) (29,190) (165,448) (184,890)
Net income/expenditure (8,199) 31,750 23,551 33,838
Reconciliation of funds
Total funds brought forward 64,812 16,750 81,562 47,724
Total funds carried forward 56,613 48,500 105,113 81,562

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Sp￿h Bubblw CIO stattmentof Financial Posillon AB at 31 Augu&t2024 2D24 2023 Flx•d aÉi•ts 13 142 205 t4 15 337 Debtors atbank an¢ Inhand 107.575 109022 79.467 14.0311 NptGunpnt4g¥qts 104.971 10&1f3 81,2T7 81,562 Totassgts les$ Cur¥•ntNabll￿Q& NDtas8•ts 81,S62 The funds 01th•c￿rtty R￿&t￿ted InrKJme tvnos u￿st￿cled incomofmth 48.5 56.613 64.812 Tow funa$ 10&1t3 81,S62 Th8ffinErri *tetrpntswere appto¥ed ￿￿a￿h0n8e￿forl5sUe byihe Boardand wned itsb8hiWbY Waynecoopei TnJS 12 Noverrèw2￿4 Tof15

Speech Bubbles CIO Notes to the Financial Statements For the year ended 31 August 2024

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 (FRS 102), and the Charities Act 2011.

Speech Bubbles CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

The financial statements are prepared, on a going concern basis, under the historical cost convention.

Funds

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.

There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

-Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. Grants of a general nature that are not conditional on delivering certain levels of service are included in donations and legacies.

Resources expended

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for its expenditure. All costs have been directly attributed or proportionally charged to the functional categories of resources expended in the SOFA. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which is relates.

Expenditure on charitable activities comprises the costs of undertaking the relevant projects. These costs are classified as direct charitable expenses.

Governance costs comprise costs related to the governance of the charity, to allow it to operate and to generate information for public accountability.

All remaining costs are classified as support costs. Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office and admin costs.

Taxation

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only.

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Speech Bubbles CIO Notes to the Financial Statements Continued For the year ended 31 August 2024

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer equipment

33% Straight line

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2. Income from donations and legacies

Donations received
Grants received
Analysis of grants received
Foyle Foundation
Garfield Weston
I Can Charity
Kenora Charitable Foundation
Paul Hamlyn Foundation
Royal Society of Art
Walcott Grant
ncome from charitable activities
Unrestricted funds
Helping children with speech
and language difficulties
Income from charitable
activities		 Restricted
funds
Unrestricted
funds
£
£
-
5,563
60,940
85,085
60,940
90,648		 2024
£
5,563
146,025
151,588
2024
£
20,000
15,000
-
25,940
85,085
-
-
146,025
2024
£
36,040		 2023
£
18,648
144,100
162,748
2023
£
10,000
15,000
30,000
-
77,350
5,000
6,750
144,100
2023
£
55,747

3. Income from charitable activities

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Speech Bubbles CIO Notes to the Financial Statements Continued For the year ended 31 August 2024

4. Investment income

Unrestricted funds
Bank interest receivable
xpenditure on generating donations and legacies
Unrestricted funds
Donations
osts of charitable activities by fund type
Helping children with speech
and language difficulties
Support costs
osts of charitable activities by activity type
Support costs
Helping children with speech
and language difficulties		 Unrestricted
funds
£
124,155
9,672
133,827
Activities
undertaken
directly
£
153,345		 Restricted
funds
£
29,190
-
29,190
Support
costs
£
9,672		 2024
£
1,371
1,371
2024
£
2,431
2,431
2024
£
153,345
9,672
163,017
2024
£
163,017		 2023
£
233
233
2023
£
2,200
2,200
2023
£
170,482
12,208
182,690
2023
£
182,690

5. Expenditure on generating donations and legacies

6. Costs of charitable activities by fund type

7. Costs of charitable activities by activity type

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Speech Bubbles CIO Notes to the Financial Statements Continued For the year ended 31 August 2024

8. Analysis of support costs

Helping children with speech and language difficulties
General administration
Finance
IT
Staffing costs
Governance costs		 2024
£
5,112
1,589
1,254
624
1,093
9,672		 2023
£
4,284
3,130
2,713
624
1,457
12,208

9. Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting):
2024 2023
£ £
Depreciation of owned fixed assets 143 143
Accountancy fees 1,000 862
Staff pension contributions 2,209 2,006

10. Staff costs and emoluments

Total staff costs for the year ended 31 August 2024 were:

Salaries and wages
Social security costs
Pension costs		 2024
£
73,629
2,262
2,209
78,100		 2023
£
66,875
1,478
2,006
70,359

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Speech Bubbles CIO Notes to the Financial Statements Continued For the year ended 31 August 2024

Employed staff FTE 2024
2
2		 2023
2
2

There were no employees (2023: £Nil) who received emoluments (excluding employer pension costs) of more than £60,000.

The key management personnel of the Charity, comprise the Chief Executive Officer and General Manager. The total employee benefits of the key management personnel of the charity were £75,838 (2023: £68,881).

11. Trustee remuneration and related party transactions

The Charity trustees were not paid or received any other benefits from employment with the Charity in the year (2023: £nil).

No trustees were reimbursed expenses during the year (2023:nil).

No charity trustee received payment for professional or other services supplied to the charity (2023: £nil). There were no related party transactions requiring disclosure during the year.

12. Comparative for the Statement of Financial Activities

Unrestricted Restricted 2023
funds funds
£ £ £
Income and endowments from:
Donations and legacies 95,998 66,750 162,748
Charitable activities 55,747 - 55,747
Investments 233 - 233
Total 151,978 66,750 218,728
Expenditure on:
Raising funds (2,200) - (2,200)
Charitable activities (112,690) (70,000) (182,690)
Total (114,890) (70,000) (184,890)
Net income/expenditure 37,088 (3,250) 33,838
Reconciliation of funds
Total funds brought forward 27,724 20,000 47,724
Total funds carried forward 64,812 16,750 81,562

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Speech Bubbles CIO Notes to the Financial Statements Continued For the year ended 31 August 2024

13. Tangible fixed assets

Cost or valuation
At 01 September 2023
At 31 August 2024
Depreciation
At 01 September 2023
Charge for year
At 31 August 2024
Net book values
At 31 August 2024
At 31 August 2023
Stocks and work in progress
Stocks of raw materials
Debtors
Amounts due within one year:
Trade debtors
Prepayments and accrued income
Other debtors
Creditors: amounts falling due within one year
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
337
337
2024
£
-
454
1,456
1,910
2024
£
3,279
429
1,143
4,851		 Computer
equipment
£
571
571
286
143
429
142
285
2023
£
-
-
2023
£
2,100
2,500
1,244
5,844
2023
£
782
390
2,862
4,034

14. Stocks and work in progress

15. Debtors

16. Creditors: amounts falling due within one year

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Speech Bubbles CIO Notes to the Financial Statements Continued For the year ended 31 August 2024

17. Movement in funds

Unrestricted Funds

Balance at Incoming Outgoing Balance at
01/09/2023 resources resources 31/08/2024
£ £ £ £
General
General 64,812 128,059 (136,258) 56,613
64,812 128,059 (136,258) 56,613
Unrestricted Funds - Previous year
Balance at Incoming Outgoing Balance at
01/09/2022 resources resources 31/08/2023
£ £ £ £
General
General 27,724 151,978 (114,890) 64,812
27,724 151,978 (114,890) 64,812
Restricted Funds
Balance at Incoming Outgoing Balance at
01/09/2023 resources resources 31/08/2024
£ £ £ £
Projects 16,750 60,940 (29,190) 48,500
16,750 60,940 (29,190) 48,500
Restricted Funds - Previous year
Balance at Incoming Outgoing Balance at
01/09/2022 resources resources 31/08/2023
£ £ £ £
Projects 20,000 66,750 (70,000) 16,750
20,000 66,750 (70,000) 16,750

Purpose of restricted funds

Projects

To plan and deliver drama for communication interventions in schools

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Speech Bubbles CIO Notes to the Financial Statements Continued For the year ended 31 August 2024

18. Analysis of net assets between funds

Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General 142 56,471 56,613
Restricted funds
Projects - 48,500 48,500
142 104,971 105,113
Previous year
Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General 285 64,527 64,812
Restricted funds
Projects - 16,750 16,750
285 81,277 81,562

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