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2020-03-31-accounts

CONTENTS
PAGE
REPORT FROM THE CHAIRMAN AND CHIEF EXECUTIVE 3
COUNCIL OF TRUSTEES’ REPORT
OBJECTIVES AND ACTIVITIES 4
OUR REACH AND IMPACT 6
OUR ACHIEVEMENTS 7
OUR FUTURE PLANS 12
FINANCIAL REVIEW 14
STATEMENT OF TRUSTEES’ RESPONSIBILITIES 17
INDEPENDENTAUDITORS’ REPORT 18
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES 21
CONSOLIDATED AND CHARITY BALANCE SHEETS 22
CONSOLIDATED STATEMENT OF CASH FLOW 23
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 24
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS 40
THANKYDU 42

lmpactful We change lives and unlock potential. We act on current research and
Deliveringrealchangefor create new evidenceforthe sector through innovative programmes and
those affectedbySLCN solutions.
Collaborative We work in partnership to achieve systemic changethat is sustainable and
Puttingchildren andyoung replicable. We are strongertogether.
peopleatthe centre of
everything we do
Aspirational We nurture and enable as many children and young people as possibleto
Nurturing andenabling thrive socially and academically. We arethe UK’s leading charity in
children andyoungpeople children’s communication and we won’t compromise on quality or
andourselves to thrive excellence.
No Voice Unheard We empower everyone to havetheirvoice heard: whether I CAN staff,
Recognising thateveryone children and young peoplewith SLCN ortheirfamilies. We are committed
has a valuable contribution to to ending any unlawful or unfairdiscrimination, and valuethe difference
make diversity and inclusion can bring to ensuringthat no-one is left out or left
behind.

Numberof Meetings held duringyear
Finance & Audit 4
Social Enterprise 4
Programme Development 4
Remuneration 1

Restricted Restricted Unrestricted Unrestricted Total Total
General Endowment Designated General 2020 2019
Notes £‘OOO £000 £‘OOO £000 £000 £000
Income
Donations & Legacies 2,3 925 - - 466 1,391 1,719
SchoolsActivities 3 312 - - 5,070 5,383 5,027
The Communication Trust (TCT) 3 131 - - - 131 320
Programme Delivery Activities 3 - - - 965 965 900
Investments 10 - - - 90 90 65
Total Income 1,368 - - 6,591 7,959 8,031
Expenditure
Costs of Raising Funds 4 - - - 737 737 419
Schools Activities 4 243 10 53 4,970 5,276 5,005
Programme DeliveryActivities 4 1,106 - - 640 1,745 1,725
Awareness Raising & Information 4 - - - 253 253 207
Total Expenditure 4 1,349 10 53 6,600 8,012 7,356
Netlncome/(Expenditure) 20 (10) (53) (10) (53) 675
before Transfers
Transfersbetween Funds 15 197 - 59 (256) - -
NetIncome/(Expenditure) 217 (10) 6 (266) (53) 675
forthe Year
Other Recognised Gains
Investments
Realised gains 10 - - - - - 30
Unrealised Gains/(Losses) 10 - (73) - 71 (2) 133
NetMovementon Funds 217 (84) 6 (195) (55) 838
Funds at 1April 2019 409 2,807 899 2,643 6,758 5,920
Funds at 31 March 2020 17 625 2,724 905 2,448 6,703 6,758

Group Charity
Notes 2020 2019 2020 2019
£‘OOO £‘OOO £‘OOO £‘OOO
FIXED ASSETS
Tangible Assets 9a 1,673 1,487 1,673 1,487
Intangible Assets 9b 139 159 139 159
Investments 10 3,946 3,948 3,946 3,948
5,758 5,594 5,758 5,594
CURRENTASSETS
Debtors 11 1,294 1,136 783 797
Stock 12 182 232 182 232
Cash at Bank and in Hand 2,938 740 2,931 738
4,414 2,108 3,896 1,767
CURRENT LIABILITIES
Creditors: amounts falling due within one 13 (3,468) (944) (2,951) (603)
year
NETCURRENTASSETS 945 1,164 945 1,164
TOTAL
ASSETS
LESS NET CURRENT
LIABILITIES 6,703 6,758 6,703 6,758
ENDOWMENTFUNDS
Endowment Funds 14 2,724 2,807 2,724 2,807
RESTRICTED FUNDS
Fixed Asset Funds 15 218 216 218 216
Other Funds 15 408 193 408 193
626 409 626 409
UNRESTRICTED FUNDS
Designated Funds 16 905 899 906 899
General Funds 16 2,448 2,643 2,448 2,643
3,353 3,542 3,353 3,542
TOTAL FUNDS 17 6,703 6,758 6,703 6,758
Notes 2020 2019
£‘OOO £‘OOO
Cash flows from operating activities
Net cash generated from operating activities A 2,447 283
Cash flowsfrom investing activities:
Dividends and interestfrom investments 90 65
Proceeds from sale of property, plant and equipment - -
Purchase of property, plant and equipment (328) (131)
Purchase of Intangible Assets (10) (163)
Proceeds from sale ofinvestments - 200
Net cash fused by) from investing activities (24$) (29)
Change in cash and cash equivalents in the reporting year 2,198 254
Cash and cash equivalents at the beginning of the reporting
year 740 486
Cash and cash equivalents atthe end ofthe reportingyear B 2,938 740
2020 2019
£‘OOO f’OOO
Notesto the Consolidated Cash FlowStatement
A Net income! (expenditure)forthe reporting year (55) 838
Adjustmentsfor:
Depreciation charges 142 133
Amortisation charges 31 3
Decrease in stock 50 9
(Increase) in debtors (157) (152)
lncrease/(Decrease) in creditors 2,525 f319)
Dividends and interest from investments (90) (65)
fGains)/Losses on investments 2 (164)
fProfit)/Loss on disposal of fixed assets - -
Net cash inflow from operating activities 2,447 283
2020 2019
£‘OOO £‘OOO
B Analysis ofcash and cash equivalents
Cash in hand 2,938 740
Total cash and cash equivalents 2,938 740

epreciation is provided on tangible assetst o write them offoverth
Freehold Property 50 years
Leasehold Property Life of lease
Buildings Renovations 10 years
Equipment & MotorVehicles 4 years
IT equipment 3 years

2020 2019
£‘OOO £‘OOO
Statutory Grants 645 345
Grant Making Trusts 297 766
Major Gifts 194 156
Corporate Donations and Sponsorship 33 25
Legacies 164 368
Other Donations and Events 58 59
1,391 1,719

.
Statutory Grants
2020 2019
E’OOO £‘OOO
Department for Education (DfE)
HostAgencyGrantforTCT 67 99
School Grants (Education Funding Agency) 1,328 1,316
Other Grants (Delivery of HLE and SEND projects by I CAN 464 345
and ICT)
1,859 1,760
hese grants have been analysed in the SOFA as follows :
2020 2018
£‘OOO £‘OOO
Schools Activities 1,328 1,316
TCT 67 99
Gifts, Donations and Legacies 464 345
1,859 1,760
4.
Analysis of Expenditure
StaffCosts Other Depreciation 2020 Total
£‘OOO £‘OOO £‘OOO £‘OOO
Direct charitable expenditure
Schools 3,930 1,219 127 5,276
Programme Delivery Activities (including TCT) 1,435 275 35 1,745
Awareness Raising & Information 183 60 11 253
5,549 1,554 173 7,275
Costs of Generating funds
Fundraising 441 295 - 737
5,990 1,849 173 8,012
2019Analysis ofexpenditure
StaffCosts Other Depreciation 2019 Total
£‘OOO £‘OOO £‘OOO £‘OOO
Direct charitable expenditure
Schools 3,995 $95 115 5,005
Programme Delivery Activities (including TCT) 793 911 21 1,725
Awareness Raising & Information 176 31 - 207
4,964 1,837 136 6,937
Costs ofGenerating funds
Fundraising 355 64 - 419
5,319 1,901 136 7,356
2020 2019
£‘OOO £‘OOO
Staffcosts:
Wages and Salaries 4,647 4,163
Social Security costs 408 366
Other pension and benefit costs 414 291
Agency staff and consultants 352 320
Other staff costs 169 179
5,990 5,319
Number in 2020 Number in 2019
Emoluments of higher paid employees:
£60,000 to £70,000 2 1
£70,001 to £80,000 2 2
£80,001 to £90,000 1 1
£91,001 to £100,000 1 1
£100,001 to £110,000 0 0
£110,00ltofl2O,000 1 0

.
Allocation ofSupport Costs
Finance and
Human Information Governance 2020
Occupancy Resources Technology (note 6) Total
£‘OOO f’OOO £‘OOO £‘OOO £‘OOO
Fundraising 107 7 21 47 182
Activity
Schools - 233 175 59 467
Programme Delivery Activities 145 22 10 7 183
Awareness Raising & Information 99 2 2 7 110
350 264 207 120 942
Analysis ofsupport costs 2020
StaffCosts Other Depreciation Total
f’OOO f’OOO £‘OOO £‘OOO
Governance (note 6) 88 33 - 120
Occupancy 97 252 1 350
Human Resources 240 24 - 364
Finance and Information Technology 163 40 5 207
588 349 6 942
he prior year comparatives are as fol lows:
Occupancy Human
Resources
Finance and
Information
Technology
Governance
(note 6)
2020
Total
£‘OOO £‘OOO £‘OOO £‘OOO £‘OOO
Fundraising 15 6 11 6 38
Activity
Schools 295 131 195 114 735
Programme DeliveryActivities 23 15 49 13 100
Awareness Raising & Information 8 6 5 5 24
341 158 260 138 897
Analysis ofsupport costs 2019
Staff Costs Other Depreciation Total
£‘OOO f’OOO £‘OOO £‘OOO
Governance (note 6) 111 27 - 138
Occupancy 85 255 2 342
Human Resources 136 21 - 157
Finance and Information Technology 190 62 8 260
522 365 10 897

. Governa nce Costs
2020 2019
f’OOO £‘OOO
Strategic planning and management 92 112
Auditors’ remuneration — audit services 26 24
Auditors’ remuneration — other services 2 2
120 138

9a. Tangible Assets
Buildings
Renovations
Freehold
Property
Leasehold
Property
Equipment &
Motor
Vehicles
Total
£‘OOO £‘OOO £‘OOO £‘OOO £‘OOO
Cost
At 1 April 2019 1,260 3,208 196 869 5,533
Additions 250 - - 78 328
At 31 March 2020 1,510 3,208 196 947 5,861
Accumulated Depreciation
At 1 April 2019 (1,159) (2,020) (196) (671) (4,056)
Charge for the year (26) (63) - (54) (142)
At 31 March 2020 (1,158) (2,083) (196) (725) (4,188)
Net book value at 31 March
2020
326 1,125 - 222 1,673
Net book value at 31 March
2019
102 1,188 - 198 1,487

b. Intangible Assets
2020
£‘OOO
Cost
At April 2019 163
Additions 10
At March 2020 173

At April 2019 (3)
Chargefor the year (31)
At March 2020 (34)
Net BookValue at March 2020 139
Net Book Value at March 2019 159

0. Investments
2020 2019
£‘OOO £‘OOO
At 1 April 3,948 3,984
Disposals - (200)
Realised gains - 30
Unrealised increase/(decrease) in unrealised gains (2) 134
At 31 March 3,946 3,948
Historical cost ofinvestments 2,666 2,666
Investment Income 2020 2019
f’OOO £‘OOO
Dividends and interest on Listed Investments 90 65
90 65

1. Debtors
Group Charity
2020 2019 2020 2019
£‘OOO £‘OOO £‘OOO £‘OOO
Debtors forschool fees 511 438 - -
OtherTrade Debtors 412 107 412 107
Other Debtors 20 10 20 10
Intra-Group Balances - - - 99
Prepayments and accrued income 351 581 351 581
1,294 1,136 783 797

Group Charity
2020 2019 2020 2019
£‘OOO £‘OOO £‘OOO £‘OOO
Goods for resale 182 232 182 232
182 232 182 232

Group Charity
2020 2019 2020 2019
£‘OOO f’OOO £‘OOO £‘OOO
Creditors 111 73 111 73
Other creditors including tax and Social
Security
251 219 251 219
Accruals 171 263 171 263
Intra-Group Balances - - 383 -
Deferred Income 2,936 389 2,035 48
3,468 944 2,951 603

14. Endowment Funds
Asati

April
2019
Income (Expense) Transferto
otherfunds
Investment
Losses
Asat
31 March
2020
£‘OOO £‘OOO £‘OOO £‘OOO £‘OOO £‘OOO
Expendable Endowment
Countess of Meath 45 - - - - 45
Permanent Endowment
Princess Alice Fund 352 - - - (12) 340
I CAN Consolidated Fund 687 - - - (16) 671
Ministering Children’s
League Fund
1,724 - (10) - (45) 1,668
Total Group 2,807 - (10) - (73) 2,724

5. Restricted Funds
—Group an
d Charity
Balance Restricted Restricted Transfer Balance
1 April
2019
Income Expenditure Between
Funds
31 March
2020
£000 £000 £000 £000 £000
Fixed Asset Funds
Dawn House School 23 - (11) 12
Dawn House Chimes 29 49 (5) 73
Meath School Minibus 19 - (9) 10
Meath School Fencing 5 - (1) 4
Meath School Woodlands 20 - (6) 14
CRM project 120 - (16)
Total Fixed Asset Funds 216 49 (47) 218
Other Funds
Dawn House General 24 20 (12) 32
Dawn House Motor Vehicles - 22 (3) 19
Dawn House Food Tech Room - 2 - 2
Dawn House Sports Hall 9 - - 9
24 52 (15) - 61

Balance Restricted Restricted Restricted Restricted Transfer Balance
1 April
2019
Income .
Expenditure
Between
Funds
31 March
2020
£000 £000 £000 £000 £000
Meath Family Support Project 6 11 (6) - 11
Meath Playground 0 47 (0) - 47
Meath Residential 31 96 (143) 16 -
Meath Holiday Club 13 15 (14) - 14
Meath Supporting Family Fund 2 5 - - 8
158 212 (197) 16 189
Programme Funding
Tots Talking II - 11 - - 11
SEMH - 21 (10) 11
Enquiry service - 41 (41) -
Place - 12 (5) 7
CEF - 34 (29) - 6
HLE - 377 (377) -
SEND - 87 (83) - 3
Yr7 - 39 (33) - 6
Tots talking - 45 (45) - 0
Oldham - 116 (89) - 27
BANES - 42 (9) - 34
HPC - 38 (7) - 31
Fenland 20 (20) - -
QEGS 21 (9) - 12
Ruth Miskin 12 (12) - -
Hiscox 10 (10) - -
TCT - 131 (312) 181 -
WestminsterTalk Boost 10 - - - 10
10 1,056 (1,090) 181 157
Total Other Funds 193 1,319 (1,302) 197 408
Total Restricted Funds 409 1,368 (1,348) 197 626

6. Unrestricted Funds
— Group an
d Charity d Charity
Asati . Investment Asat3l
.
April
2019 Income (Expenditure) .
ains
March
2020
£‘OOO f’OOO f’OOO £‘OOO £‘OOO
Designated Funds:
Fixed Asset Funds
Schools 899 - (53) - 846
Other Funds
Premises Repair/Dilapidation - 60 - - 60
899 60 (53) - 906
General Funds 2,643 6,532 (6,799) 71 2,448
Total Unrestricted Funds 3,542 6,592 (6,852) 71 3,353

7. Analysis of NetAssets
— G
roup and Charity
General
Funds
Designated
.
Fixed Asset
Funds
.
Restricted
Funds
Endowment
Funds
As at 31
March 2020
Total
£‘OOO £‘OOO £‘OOO £‘OOO £‘OOO
Tangible Assets 351 247 114 361 1,673
Intangible Assets 35 - 104 - 139
Investments 1,842 - - 2,104 3,946
Net current assets 219 59 408 259 945
Total net assets 2,448 905 626 2,724 6,703
General
Funds
Designated
.
Fixed Asset
Funds
Restricted
Funds
Endowment
Funds
As at 31
March 2019
Total
f’OOO £‘OOO £‘OOO £‘OOO £‘OOO
Tangible Assets 120 899 96 372 1,487
Intangible Assets 40 - 119 - 159
Investments 1,771 - - 2,177 3,948
Net current assets 712 - 193 259 1,164
Total net assets 2,643 899 408 2,808 6,758

Unrestricted Restricted Endowment 2019
Funds Funds Funds Total
£‘OOO £‘OOO £‘OOO £‘OOO
INCOME FROM:
CHARITABLE ACTIVITIES
Schools Activities 3,438 1,589 5,027
The Communication Trust (TCT) 66 254 320
Programme DeliveryActivities 900 900
GENERATED FUNDS
Donations and Legacies 753 966 1,719
Investments 43 22 65
TOTAL INCOME 5,200 2,809 22 8,031
EXPENDITURE ON:
RAISING FUNDS
Fundraising Costs 419 - - 419
419 - - 419
CHARITABLE ACTIVITIES
Schools Activities 3,364 1,605 36 5,005
Programme Related
Activities (includingTCT)
668 1,057 - 1,725
Awareness Raising & 161 46 - 207
Information
4,193 2,708 36 6,937
TOTAL EXPENDITURE 4,612 2,708 36 7,356
NET INCOME/(EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS 588 101 (14) 675
Gains on investment assets 59 - 105 164
NET MOVEMENT IN FUNDS 646 101 91 838
Fund balances brought forward
at 1 April 2,897 307 2,716 5,920
Fund balances carried forward
at 31 March 3,543 408 2,807 6,758

2020 2019
£‘OOO f’OOO
Payment not later than one year 132 128
Payment laterthan one year and not laterthan five
years - -
Payment laterthan fiveyears - -
Total commitments under operating lease 132 128

Contribution rate 2019-20 2018-19
Lowersalary HigherSalary Lowersalary HigherSalary
7.40% 0 27,697 0 27,048
8.60% 27,698 37,284 27,049 36,410
9.60% 37,285 44,208 36,411 43,171
10.20% 44,209 58,590 43,172 57,216
11.30% 58,591 79895 57,217 78,022
11.70% 79,896 79,896 + 78,023 78,023 +