REGISTERED COMPANY NUMBER.. 01559314 (England and Wales) REOlSfERED CHA NUMBER: 512710 R•port ol lh• Trust••s and Flnanclal siat•m•nl• for the Year Ended 31 March 2024 TLC.. TALII USTEN, CHANGE Xeinadln Audit Limiled 116 Duke Street Llv•rpool England Ll 5JW
TLC: TALK usfEN, CHANGE Conl•nts of the Flnancl•l Statem•nt• lor the Y•ar End•d 31 March 20Z4 Pag• R•port of th• Trusl••• R•porl of lh• Ind•p•nd•nl Audllor• 12 to IS Stal•m•nl gf Fln•ncl•l Acllvltl•• 16 Balan¢• Sh••t 17 Cash Flow Sl•l•m•nl 18 NDl•s lo th• Cash Flow Stal•rn•Tht Nat•9 to lh• Fln•nclal Stal•rn•nt• 20 to 29 D•l•ll•d Sl•l•m•nl of Flnan¢l•l Aetlvltl•• 30 to 31
TLC: TALK. USTEM. CHANGE Report of Ihe Truste•s lor th• Year Ended 31 March 2024 The Iruste¢5 who are also directors of the charlty for the purposeg ol th• Companles Act 2006. presenl thelr report wlth the financial slatements ol the charlty for the year ended 31 March 2024. The trustees have adopted the provlslon$ ol Accountlng and Reporting by Charitles: Statem•nt of Récommended Practice applicable to ¢harities preparlng thelr accounts In accordance with Ihe Flnancial Reporting Standard appllcable Sn the UK and Republic of Ireland (FRS102) (effecllve l January 2019). Page I
TLC.. TALK, LISTEN, CHANGE Report of the Trustee$ for th¢ Yéar Ended 31 March 2024 OBJECTIVES ANO ACTIVrnES Obl•cllv•s and activille• Purpo••$ and Alm• Our charlll$ purposes as set oul in the objècts conlalned in Iho companvs governing documents are to: benefil the publlc by the provision of Integrated relalionship sUPPQrt to provlde safe. healthy and happy relatlonships., and to ensure our door 1$ open to all who require our services regardlèss ol m•ans or background: Our aims lully reflect the purp05es Ihat the charity was set up to furth•r th• provision of r•141ionshlp support lo alL We review our aims, objeclives and aclivitles each year. This revlew looks at what we achieved and the outcomes of our work in the prevlous 12 months. The review looks at Ihe success of each key a¢llvlly and the benefit5 they havp brought to those groups of people we are sel up lo help. The review also helps us ensure our aim, oblectlves and activities remained focused Dn our Staled purposes. We have referred lo the guidance contalned In the Charity Commission's general guldance on public benefll when revlewlng our airn and objectives and In planning our future activities. In particular, the tru51ees consider how planned aclivilies will contribule to Ihe alms and objective$ they have sel oul in Ihe governlng documents. Th• hl$lory Ind fotus ol our work TLC.. Talk, List•n, Change w85 formed on 1st April 2017. Prior to this we us•d lo be parl of the natlonal ReLal• Fedèratlon ($lnee 1981) but back Sn 2016, wllh a growlng range ot ¥er¥ic•s, our B¢ard, our staff, our volunt••rs and oth•r memb•rs all decided we could give betler, more useful and Integrated s•rvic•s as a wholly Independenl charlty. Our integraled package of rolaliDn$hlp support is unique and provides an Innovatlv• and creative olfer 10 both the people we work wlth and the communltle8 In which th•y Ilv•. How our acllvllle• d•llv•r publlc benelil We dellver a range of integrated supp¢rl. theraples and programmes of work whlch help improve emotional wellbèing and ensure sale, healthy and happy relationships. We belleve that beiny surrounded by safo, heallhy and happy relalionships supports high levels of emotlonal wellbeing and increased personal resllience. We want all relationshlps lo be as good as pD$slble. Relalionships should be nourished and sometime5 everyone needs support to do thi5. We deliver service$ to people of all ages. W• deliver services to individuals, coupl95, famili•s and communlti•s. Wt take a holi51ic approach to each person. tailoring supporl according lo whal th¢y most want to achièvè and tho way in whlch they want to engage with us. We wlll pay attention lo the specific needs of rrtarglnalis•d andlor minority groups and slrive lo best meel their needs. We will work with everyone; our starling point is always aboul getting to know and understand the per50n. Relalionships can be of any klnd. It could be the relationship wlth yourself, the relationship with a partner or previous partner. with friends or family, with school or work or with the wider community. Individuals can approach u5 directly for support or can be referred by a professional agency they are already èngagèd with. Page 2
TLC: TALK, L15fEN, CHANGE R•port ol Iho Tru$te•• for the Yèar End•d 31 Mirch 2024 People can choose to access our services in a way which works for them. Our focus is orl helping Indivlduals increase their understandlng of who they are and why, identifying how they need or wanl lo change. enabling them to disc¢ver and build on their strengths and equip thomselves with tht skills to develop diflerent ways of being and actlng, lor Ihemselve5 and wilhin the relationshlps that thèy have. People can work wilh us for a short tlmè or over the longer term. Our door 15 always open if anyone wants to com• back. Our ilrat•gy Ovr Strategic Priorilies for 2024-2026 are . Diversify Strategically review our Income Streams parlnerships and organisatlonal struclure Incorporating suslainable practices and technology . Bo ambilious and bravo. Develop: Invest in our team and our systems lo strengthèn thelr foundation 8• constanlly learning. Dillerentiate . Understand what makes us unlque and leverage this through our marketing communicalions and brand recognltlon Celebrate who we are. Deepen Expand our impact through co-dosign , data-drlven decisions and high quallly , equltabl¢ service3. Focus on impact. D•dlcate .' Commit ourselves to Ilvlng our values , through being an employer of choice and a $lrony elhic•l and trusl•d provider. B• true to our word. whllst Our values We pride ourselves on belng a value-based organisation. Our value8 are ', Sale champlonlng 5alety, enrlchlng Ilves. Authentlc . honest voSces , genulne actlon. Person Cenlred empowering diversity, celebratlng ufiity. The trustees have paid due regard to guidanco issued by the Charily Commission in deciding what activities th• charlly should undertake. We are commllled to eq uality i diversSty and Inclvslon (EDI) and hav• a sp•cific EDI stralegy which guides Ihl$ work EDI activilies are overseen by our People Committee . We are proud of our Ihree stalf nelwork$, for staff who Identify in the LGBTQIA+ community, slaff who are people of colour and slall with a disability. Page 3
TLC: TAUI usfEN, CHANGE Reporl ol th• Trustee• lor th• Y•ar EThd•d 31 March 2024 srRATEOIC REPORT Achlev•menl and p•rtormance Our progr•ss and aehi•vémeThl• Durlng tho past year we have helped 2,000 people through 13,000 sessions of support. Our léams and those using our servlces havè together achieved some Incredible outcomes thls year - making steps towards safe, healthy, happy relatlonships in a wide range of way5. Wee supported adults and young people lo reduce their use of harmful behaviours towards others and supported those who have been on the receiving ènd of this behaviour. We've helped people Improve Iheir own mental and 8molional we(Ibeing, we¢ helped couples slruggling with thelr relatlonship post-cancer. and we've facililated amicable separation for otherg whosè relalionships have come to an gnd. In Ilne with our organisationaL values, we havo tried our b•8t to make èvery interaclion sale, authontic and per80n-cenlred. Organisalional highlighls ot the year included: New and •xtended local aulhority dome81ic abuse I perpèlrator service5 contracts across Gr•al•r Manchester, Cheshire W•st 4nd Chesler and Northumbria Our involvèment as delivgry partner in Greater Manchesler's new Domestic Abuse Pr¢vontion Order (DAPO) pllot Winning our first NHS contract for our Therapy and Wellbelng Service the deliv•ry of Safe Zones (mental health support for young people) In Stockport Th• launch of Now yore Talking, our'profit with purpose, commerclal counselling subsidiary Dpèrating nationwide Tht expanslon ol our famlly medlation sgrvices Into Cheshlre and Merseyside, wld•ning access to legal aid lunded support for separalSng parents. Publication ol the Greater Man¢hqsl•r Combinèd Authorills ev•luation of our b•haviour change programme5, domonslraling some excellent outcomes including 80% decrease In psychological abuse and 78% decrease In emotional abuse amon9$t adulls, and 74'A improved mental wellbeing and 70% rèducèd conduct problems amongst young people. Belng featured on Radio 4's File on Four programme, Yhe Trouble with Par•nling' lor our work with youny people uslng harm. Oelivery of our second fundralsing skydlve, with participants raising over £2,000 for TLC. Michelle, our CEO, being shorllisted lor a Thlrd Sector award in the Charily CEO category - Ihough she didn't win, attending the evenl and the surroundlng publlcliy gave us good exposure both locally and nationally. Earlier in Ihe year we were a signatory on Re3pecVs r•nowed Call to Action, continuing io lobby government lor a omprehenslvè. cross-government, cross-syslem approach to perpetrators of domestlc abuse. We also signed a letter regarding the impacts of the riot5, calling for elarlty from government on their slralegy around holding rioters lo atcounl. alongside the response to perpetralors. MSchelle was selected as VCSE representative on the NAS Greater Manchesler Peopl• and Culture Committee good opportunity to champion our 5gCtor amongst publlc seclor colleagues working within Ihe heallh system. She Iso graduated as a Fellow of the inlernalSonal Acumen Academy. having Completed an intènsive programme for soclal enlropreneurs building solutions lo poverty as moral leaders. Page 4
TL¢: TALIE LISTEN, CHANGE R•porf ol lh• Trugt••s lor th• Y•ar End•d 31 March 2024 Volc• and Inllu•nc• We have spent lirne specificalLy focuslng on slronglhenlng our offer to people from LG8TQIA+ communltles, rellnlng our programme and working wllh staff and partlclpants wlth ilyed experience to both chall•nge and support thls work. As a result we have redesigned our promollonal matèrlal$ for our programmes wlth a focus on Inclusivity ta ensure we reach more people. Staff arg taking an Incr?asing lead on deliverifig Internal peer learning as well, wlth two recent sessions on Neurodlverslty ov8r5ubscrlbed wllh hugely positive feedback and more being planned. We continue our m•rnb£rshlp ol / contrlbutions to,, R•spect Ac¢redlt¢d Members Forurn R•spect CE5 Group Resp•ct I Safe Llve$ A¢tlon on Perpetralors monthly call All Party Parilamentary Group on P•rp•tralors. Emotlonal Health Alllance. In concluslon A$ w¢ look to 2025 we anticipat¢ another year ol turmoil and change. How•v•r, w•'r¢ continuously encouraged by our wonderful stalf team and all they do and so strongly and robu511y supported by our Board ofTru6tees. We see opportunlty In every challenp•. and whil• w• know th•r• wlll be many difficull decisions awaltlng us in the n•w year we b•lleve we are well posilion•d to copo wlth what•ver Ile3 ahead, drlven by ¢ur commltment to Safe, h•althy• happy relationshlps. 'Can I lust say thank you agaln for the la8120 week$, you have heneslly h•lped more than any other support worker.- that fve had b¢¢au$e You1 help me understand the angry sldè of me. So yes, thank you apaln. l am looking forward to learnlng rnar• and changing more with (fLC)." Adult partlclpant. March 2024. Flnanclal r•vl•w Flnanclal posliloft The accounls for the year ended 31 March 2024 Show a surplus of Income over èxpendltur• of £58,139 compared ta £54,237 In Ihe prevlous y•ar. The Trustees con51der the oulcom• lor the year ended 31 March 2024 to be salisfactory. Page 5
TLC: TALK, LISTEN. CHANGE Report ol th• Truitge¥ for th• Y•ar Ended 31 March 2024 srRATE61C REPORT Principal risk• and uncértalnlles The major rlgk9 to which the organisation Is exposed are reviewed regularly and the finan¢lal risks are Incorporated Into the reserves policy. The Trustees have carried oul Such a revlew and they have identilied a number of risks, the most potenlially serious of which are.. l. Loss of Incom• from fundlng bodie8,1.e. local authorities. trusts. il. Rapld changes among our expandlng, experiencod management and adminislrative stalf lèam. iii. A reductlon In the practition•r warklorce durlng a time of service growth. Iv. A redu¢lion In the 9uidanco and momentum pravlded by th• Board of Trusteeg. All these risks ¢•n algo be $•en as opportunities. These and le38or risks hav• been considerod and avoiding measures and mltlgatlons are included in th• Slrateglc and 8usines6 Plan lor thé Charlty. This is updated each year Jnd monllor•d by the Chief Executlve Ofllc•r and the Bc*ard ol Trustees. Page 6
TLC: TALK, USTEN, CHANGE Report of Ihe Trust••$ lor the Y•ar Ended 31 M•reh 2024 srRATEGIC REPORT financlal and rlsk management oblecllv•$ •nd pollcles R•serve• PollGy The Charity during ihe pasi years has built up reserves lo safeguard the luture of th¢ service during ihese difficull times and where necessary io sub5idise activilies when public lunding has dlrnlnlshed. All asp•cts of bolh Income and expenditure have been carefully studie6 and, where appropriate, actlon laken to reduce cost5 and maximise Income. This 1$ especially relevant a5 we begin to navigate what society looks like afler the Covid pandemic , and durlng a cosl ol Ilvlng crl$ls The financial position of Ihe Charlly wa$ closely monitored throughout the year and reporled on to Ihe Trustees wllh tol81 transparency so that any action Could be quickly taken where necessary if a change of direclion or cost culllng was required. In order lo make a judgmenl on the amount of resgrv¢, the Tru51ees have conslderèd the risks In respect of expenditure, unr¢slrlcted Income, restricted Income and where funds can only be reallsed by tho dispo$al of a flxed assel. Trustees have also taken Into consideration any external idenlified polenlial major risk$ to income and expenditure during th¢ year under consideratlon. A risk a$ses$menl ha$ b••n und•rlaken for th• period 2024125 and the followlng has been d•termlned: Unr•strlet•d Income: High risk du• lo long•r t•rm impact of Covid-19 and the cosl of Ilvlng crisis on charllable incom•, namely client payments, lundralslng and evénts and Schools-based counselling. R•strlct•d Incom•: Low Risk as rolatlonships wllh Commlssion•r$ r•maln positlvg Expendllur•: Medlum rlsk as budgèt has been remod•ll•d to r•flect current tlr¢umstance5 but the longer-term Impact remalns unclear. Ext•rnal •Trvlronrn•ntr. Medium rlsk due to changing r•sourc•s in th• publi¢ $eclor and longer-term fundlng vallability. Our smart r•serve policy i¥ modellod on the followlng: IO0% of redundancy ¢o5ts IfTLC: Talk. Llslen. Change needed to make all stalf redundant Immediately. Lease liabilitie5 for Trafford House capped al a 6 month notice period. IO% contingency - bas•d on 10% of Ihe currenl Inrome - which would eThabl• u• lo cover the cost of losl funding il needèd. TLC: Talk. Listen, Change is predictlng income of £4,582,224 2024125. Based on Ihls smart reserve model we should hold In reserve £708,018. Current Reserves as of 31 March 2024 equal £582,928 . Thls Is a shortfall of £125,090 of our requlred r•$erve level. However . the IO% eonllngénty is based on the luture income levels not the current 2024125 levels . Thls gap wlll be further closed with the additlorn of any surplus al the end of 202412025. A prediclion of a surplus for 2024n5 which is based on the conservative budget. is É44.655 pr• d*pre¢iation, In future years any excess reserves will be usgd to: Inve51 in new s8rvice developmenl Invesl in rep(i¢ation of services into new geographlcal ar•as Invesl In additional org•nisational resources Page 7
TLC,. TALK, LISTEN, CHANGE Report of Ihe Tru5to•• for the Y•ar End•d 31 March 2024 sfRATEGIC REPORT Reserves have been established In the past by,. right control ol expenditure in all areas. Suc¢e$5f ul fundraising Maximising interest income from a positive cash flow 5ilualion over many years. The Board seek lo maintain réserves by setting an achlevable balanc•d budgel lor each financial year. The policy and Ihe calculalion ol level of reserves will be revléwed at least annually. The reserve f igure slated will be hecked after tho producllon of Ihe annual accounls, prior to budget setting and al year-end. Res•rve$ required are reviewed oulside ot thi5 schgdule if we are considering Ihe application or usè ol a slgnilicant level of reserve. The Tru5lees have worked closely wlth Ihq management of the Charity and all are extremely satlsfled wlth the current position. We have continued lo receive financial Support from most local aulhorities ITh wh05e areas we wark and we are very gratelul to them for their support and encouragement, We also very much appreciate all thosg organisations, trusts and private individuals who contlnue to support our work flnancially and wlthoul whom w• could not survlve. Th• Charltys current policy concerning the payment of Irade credilors is to follow tho CBI'S Prompl Payers Codo (copies are available Irom the CBI, Cèntre Polnt,103 New Oxford Street, London WCIA IOU). The Charity's current policy thereforè concernino the payment ol trade trédllors is lo: $ellle th• terms of paymenl wlth suppllers when agreein9 Ihe terms ol each Iransactlon: ensur* thal suppllers are made aware of the terms of paym•nt by Incluslon of Ihe relevanl lerm5 in conlracts., and pay In accordance wlth the Charilvs Contractual and other l¢gal obllgatlons; Page 8
TLC.. TALK, usfEN. CHANGE Report ol th• Tru$l•ès lor th• Y•ar EAd•d 31 M•rch 2024 STrUCTURE, GOVERNANCE AND MANAGEMENT The Charity has a Board of Trustees. whlch delegates Ihe day-lo-day re8ponslbllity ol the mana9emenl and control ol tho Charily and its funds to It8 Chlef Executive. A Scheme of delegalion is in place and day to day respon81bility for the provl$lon of the servl¢es rest wlth Ihe Chief Executlve along wlth the Executive Leadershlp Team and Senior L•adershlp Team. The Chlef Executlve Is responsible lor ensurlng Ihat the charlly delivers the services spocifiod and that key performance indicators are mel. The S•nior Leadershlp Team has responsibility for Ihe day io day op•rational management of the Charity, indlvldual supervisio of the staff team and also ensuring that Ihe team continu• to develop their skills and working practlc•s In Ilne wlth good praclSce. The Chalr, Vl¢e Chair and Treasurer who 55t on the Board of Trustees are elected at the Annual General Meeling. The Chlef Exe¢utlve, appolnted by the Board of Trustees, Is responslble to the Trustees aThd altends Board of Trustee meetlngs for dlscusslon and approval of activlties on a regular ba5iS, ALL éxpéndilurè is approved by Ihe Board ol Truslees either acting as a body In the Case of major expendSlur• or through a scheme of dèlegations vla the Chlef Execulive and the Trustees ensure that lull accounlin9 records are maintained with monthly producllon of 8latistlcs ind manag•ment accounting records to ensure Ihal all crlterla for sp•nding th• funds of th• Charity are lully mel. Wlthln the Charlly there are a numb•r ol restrlcled funds r•latiny io speclfic projects. Th• d•l8galed authority to th¢ Chlel Ex•culive engures thal these are managed on a day to day basls wlthln Ihe requlrements ol th•lr r•slrlcllons and thls Is ov•rs•4n by lh• Board of Trust¢O5. REFERENCE AND ADMINISTrATIVE DEfAILS R•gl•t•rod Company numb•r 01559314 (England and Wales) R•glJt•r•d Charfty numb•r 512710 Rggl•t•r•d offl¢• Dr G A Drugarb Mr C M Ga3k•ll Mr K Mitchell (resiyned 25.7.23) Mr A Raymod• Mr$ M A Shannon (r•sign•d 7.12.23) Mr$ B M Shuttleworth Mr J B Sless (reslgned 7.12.23) Mrs A Sullan Ms C M Blunt MrGNLowe Mrs S E Ingleby Miss C J Spain Miss C Liu Ms R Tarafder {re$igned 18.10.23) Appolntment ol the Truslees Is by election at Ihe Annual General Meeting of the Charity. Additional Tru51ees lo fill casual vacancles may be appolnted by Ihe Board during the year and their continuation is subject lo eleclion al the next AGM. New Trustees are requlred to undergo an induction programme Including an Introduction to the objectives. scope and pollci¢s ol Ihe Charily, Charlty Commi$slon information and Trustee responsibilities. Page 9
TLC: TALII LISTEN, CHANGE Report of thè Trujlees for thè Year Ended 31 March 2024 REFERENCE AND ADMINISTRATIVE DEfAILS Company S•cr•tary Mrs M Hill Audltorg Xeinadin Audit Llmited 116 Duke Street Liverpool England L15JW STATEMEKf OF TrUSTEES RESPONSIBILMES The trustees (who are also the director6 of TLC.. TALK, LISTEN, CHANGE for tho purposÈs of company law) are respon$lble lor prèparing the Reporl ot the Trustees and the linancial stalemenls in aecordanc• with applicable law and United Kingdom Accountlng Standards {Uniled Kingdom Generally Accepted Accounting Praclice). Company law requirgs the trvstees lo prepare financial slatgmenls for each financlal year which give a true and falr view ol the state of affalrs of the charltablo company and of the Incoming resources and applicalion of resources, Including the Income and expondilure, ¢1 the charilablt company for that perlod. In preparing those financial stalements, the trustees are required lo select suitable accounting policies and than apply thèm consi51ently', observe the method5 and princlpl•s In the Charily SORP: make judgements and eslimates thal ar• reasonable and prudent., prepare the financial statements on the going concern basls unless 11 19 inappropr¢ate to presume that th• haritable company wlll conlinue In bu5in8ss. The trustees are r•sponsible lor keeplng proper accountino records which dlsclo8e with reasonable accuracy at any lime th• finanelal position of the charilable company and to enable them to ensure that the financlal slatements comply wlth the Companie$ Act 2006. They are also responsible lor saleguarding the assels of lh• charitable company and hence lor taking rea80nable 51eps for Ihe prevenlion and detection of fraud and other Irrègvlaritles. In S) lar as the Irust••s arg aware: th•r• is no relevant audlt Information ol which Ihe charitable cornpanls audllors are unaware., and tho trust••s have taken all steps that thay oughl to have laken lo make th•mselve$ aware ot any relevanl audit information and to eslablish Ihal Ihe auditors are aware ol that information. M•mb•r• ol Ihe Board ol Tru$te•$ Members of the Board of Trustees, who are directors for the purpose of company law and Iruslee5 for the purpose ol charity law, who served durin9 Ihe year and up io the date ol thls report are set oul on page g. In accordance with company law. as the company's dirèctors, we certify thal= so far a5 we are aware, Ihere is no relevant audit information of which Ihe company's auditors are unaware; and as the dlrectors of the company we have taken all the sleps that we ought lo have taken in order to make ourselv•s aware of any relevanl audit informalion and to establish that Ihe charlty's audltors are aware ol that information. AUDITORS The auditors. Xeinadin Audil Limiled, will be proposed for re-appointment at the forthcoming Annual Genèral Meeling. Pa9e10
TLC: TALK. LISTEN, CHANGE Report ol lh• Tru•t•es for th• Year End•d 31 March 2024 Report of Ihe truste•s. Incorporatlng a strategic report, approved by order of the board of Irustees. as the company directors. on and signed on the board's behalf by: Mrs B M Shutlleworth- Trust•a Page11
R•p•rl ol the Independent Audltor$ to lh• Members ol TLC: TALK LISTEN, CHANGE Oplnlon We have audited the financlal slalemenls of TLC: TALK, LISTEN. CHANGE (the 'charitable CompaTh for the year ended 31 March 2024 which comprlse the Statemenl of Flnancial Activities. the Balance Sheet, the Cash Flow Statement and notes to the financial slatemenls. includlThg a summary ol significanl accounting policies. The flnanclal reporting Iramework that has been applied in their preparation Is applicable law and United Klngdom Accounting Standards (United Kingdom Generally Accepied AccDunllng Practice). In our opinion the financial slalements: give a true and fair view of the state of the charltable companls aflalrs as at 31 March 2024 and of Ils incoming resources and application of rèsources, Including ils income and expenditure, for the year then ended: have been properly prepared in accordance wllh United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance wlth the requirements of the Companles Act 2006. B••l• tor oplnlofi We conducted our audit in accordance with Internalional Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilitles under Ihose 8landard5 are furlher descrlbed in the Auditors, responsSbilities for the audit of the linancial staltmènts section of our report. We are independent ol the charltable company in accordance with the ethlcal rèquirements that are relevanl lo our audil of Ihe financlal stalements in the UK. including Ihe FRC's Ethical Standard. and we have fulfilled gur other tlhical rgsponsibilities in accordance with these requiremeThls. We believe that the audil •vld•n¢e w• have oblalned18 sufflcienl and approprlale to provide a basis lor our oplnS0n. Conclusions r•l•llng lo golng ¢onc•rn In audlllng the financial statements, we have concluded Ihat the trustees, use of the going concern basi5 of accounting In the preparallon of the linancial statements is approprlate. Based on the work we have p•rlormed, we hav• not Identified any mèt•rial ufic•rtalnties relating to event$ or conditlOnS thal. Individually or colleclively, May cast slgnilicant doubl on the charltable company's ability to conllnue as a going conc4rn for a period ot at least twelve months from whon th• financial statements are aulhorlsed lor issue. Our responsibililies and the responslbllltles of the Irusle•$ wilh re8pecl to going concern are described In the relevanl $e¢llon$ of thls report. Oth•r Inlormlllon The Iruslees are responsible lor the other Inlormallon. Th• other inlormatlon comprises the informatlon Includ•d In th• Annual Report, other Ihan Ihe linanclal slatgments and our Report ol the Independent Auditors Ihereon. Our oplnion on Ihe financial stalements does not cover the other Information and, except lo the •xtent oth•rwise explicitly slated in ovr report. we do not express any form ol assurance Conclusion thereon. In connecllon wilh our audit gt the financial statgmenls, our responsibility is to read the other informallon and, in doSng so, consider whether the other inlormalion Is materially inconslstenl wlth the financial 51alem•nts or our knowledge oblained in the audil or otherwise appears to be malerially mlsgtaled. If we identify such materlal inconsistencies or apparent materlal misstalpments, we are requlred to determine whether thls glves rise to a material mi55latement in the financial slalernenls themselve5. If, based on the work we have perlormed, we conclude Ihat there is a rnaterial misstatemenl ol Ihis other informalion, we are required to report that facl. We have nothlng to reporl in this règard. Oplnlons on othgr matterg pr•scrlbed by the Companles Acl 2006 In our opinion. based on the work underlaken in the course of the audit: the Information given in the Report ol the Trustees for the financial year for which the financial statements are prepared 1$ consistent wilh Ihe financial 51alement$', and the Report ol the Truslees has been prepared in accordance with applicable legal requiremenls. Page 12
Report of the Independent Audllors lo Ihe M•mb•rs of TLC: TALK USTEN, CHANGE Mall•ri on whl¢h w• are r•quired to r•porl by exc•ptlon In the light ol th• knowledge and understanding of the charitable company and 5t3 erbvironm•nl obtalned the c¢urse ol the audil, we have not identified material misstatemen15 in the Report DI the Trustees. We have nothing to report In respect ol Ihe followlng malters wh•r• lh• Companie8 Acl 2006 requir•s us to report to you If, In our opinion: adequale accounting records have nol been kepl or returns ad•quat• for our audit have nol been recelved Irom branches nol visited by us; or Ihe financial statements are nol In agreement wllh the accountlng records and returns; or ¢trtaln di$¢losure5 01 truslees. r¢muneratlon sp•clfled by law ar• not made; or we have not recelved all the Informallon and explanalion$ wg require for our audll: or lh• trusteeg w•r• not •ntitl•d to take 4dvJntage of Iho $mall companies •xemptlon from Ihe requlremenl lo prepar• a Straléglc Report or In preparing thè R¢port ol the Tru$le•$. R•Jponslbllltl•s )f trust••• As oxpiain•d more lully In the Stalement of Trustoes, Respon4lbililies, the trustees (who ar• also the dlreclor5 01 Ihe chirllabl• company for the purposes of company law) are r•gponsible for the preparation of th• flnanclal gtalements and for belng salSslied thal they glve a true and fair vi•w, and for such int•rnal control a$ th• truslee$ dgl•rmine 19 necessary to enable the pr•paratlon ol financlal slalementS that ar8 Iree from material ml8Statement. wh•ther due to fraud or error. In preparing the financial stat•m•nts, the trugt••s ar• responslbl• for assesslng the charlt14ble companys abillty to continue as a going concern, disclosing• a5 applicable, rnatters related to golng concern and using the going concern basij ol acc¢untlng unless th• Iru8t••5 ¢llh¢r Intend to liquidate Ihe charitable company or to ceas8 oporations. or h4v• no r•alisll¢ •lt•rnatlv• but to do 8a. Page 13
Report of Ihe Indèpendenl Audltors lo Ihe Members of
TLC: TALK, LISTEN, CHANGE
Our responglbi1411es for the audlt ol th• flnan
Report of thè Independenl Audltors lo the Member$ ol TLC: TALK. LISTEN, CHANOE Use ot our réport This reporl Is made solely to the charllable company'5 members, as a body, in accordance wlth Chapier 3 of Part 16 of tho Companies Act 2006. Our audit work has been undertaken so that we mlght state lo the charitable companvs members those matters we are required to state to Ihem in an auditors. report and for no other purpose. To the fullest extent p•rmitt•d by law. we do not accepl or a$sumo responsibilily to anyone other than Ihe charitable company and the charitable company's members as a body. for our audit work, lor this rgport, or far the opinions we have formed. Andrew Jame ylor. (Senior Statulory Auditor} f or and on behalf of Xeinadin Audlt Limitqd 116 Duke Street Llv¢rpool England Ll 5JW Page 15
TLC: TALK, LISTEN. CHANGE 51alement ot Financial Activities lor th• Year Ended 31 M•r¢h 2024 31.3.24 Tolal funds 31.3.23 Total funds Unrestrleted fund Restricted fund Notes INCOME AND ENDOWMEMTS FROM Donalions and legaciès 26,555 26,555 2,107 Chirltabl• •ctlvill•$ Charitable 235.101 4.037.135 a.272.236 4,441,051 Investmènt Income 27.923 27,923 3,307 Tolal 289,579 4,037,135 4,326.714 4.446.465 EXPENDITURE ON Ch•rllabl• •ctlvltlos Ch4rilable 143,381 4,125,194 4.268,575 4,392,228 NEf INCOME/(EXPENDrruRE) 146,198 188.0 59) 58,139 54.237 RECONCILIATION OF FUNDS Total funds brought forward 436,730 88,059 524,?89 470,552 TOTAL FUNDS CARRIED FORWARD 582,928 582,928 524,789 The noles form parl of Ihese financial statements Page 16
TLC: TALK. LisfEN. CHANGE Balance Sh••t 31 March 2024 31.3.21 Total funds 31.3.23 Total fund$ Unreslrlcted fund Reslrlcted fund Noles FIXED ASSErs Tangible assets Investments li 12 99,473 99,473 125,705 99,47a 99,474 125.705 cURRErAsSErs Debtors Cash at bank and in hand 13 812,157 378,715 612,157 536,561 696.517 2.086,616 157,846 1,190.872 157,846 1,348.718 2.783,133 CREDrroRS Amounts falling due wlthin one year 14 1572.521) (157.846) (730,367) (2,341,124) NEf CURRENT ASSETS 618,351 618,351 442,0119 TOTAL ASSEfs LESS CURRENT LIA8ILmES 717,825 717,825 567,714 CREDrroRS Amounts falling due after more than one year 15 034,897) 034,897) (42,925) NEf ASSEfs/(LIABILmES) 582,928 582.928 524,789 FUNDS U nre$trlct•d lunds Restricted funds 18 582,928 436.730 88.059 TOTAL FUNDS 582,928 524,789 These financial statemtnts have been prepared in accordance with Ihe provlslons applicable to charitable companies sublect to the small companles reglme. The financial statements were approved by the 8oard of Trustees and authori5ed for issue on and were slgned on ils behalf by: Mrs B M Shuttleworth - Trustee Thè notes form part of these linanclal stalemènts Page17
TL¢: TALK, LISTEN. CHANGE Cash Flow Slalement for the Y•ar Ended 31 March 2024 37.3,24 31.3.23 Notes Cash Ilows from op•rallng aclivlties Cash generated from operations Interest paid (1,653,128) 07.217) 1,314,346 (17,290) Net cash (used inl/provided by operating activities (1,670.345) .297.056 Cash 11)ws from investing aclivltles Purchase of tangible fixed a55et5 Purthase of fixed a55el investments I nleresl received (16.7171 (35.724) 27.923 3.307 Net cash provided by/(used in) invèsting activities 11,205 (32,417) Cash flows from flnanclng activltl•s New loans in year Loan repaymgnls in year 144,000 134,915) (39,435) Net cash provided byl(used inl financing a¢livilies 109,085 (39,435) Chang• in cash and ¢a$h equlvalont5 in the reporllng period Cash and Cash gquival•nls •t lh• beglnning of th• reportlng p•riod 11,550.055) 1,225,204 2.086,616 861.&12 Cash and eash •qulvil•nt$ It Ihe end ol thè r•porling perlod 536,561 2,086,616 The notes form part of Ihe$e financlal 51atemenls Page 18
TLC: TALK, USTEN. CHANGE Noles to the Cash Flow Stalem•nt lor Ihe Ye•r End•d JI March 202 RECONCILIATION OF NEf INCOME TO NEf CASH FLOW FROM OPERATING ACTIVrnES 31.3.24 31.3.23 Net Income for Ihe reportlng p•rlod (as p•r th• Stat•mgnt ol Finan¢lal Actlvltles) Adlu$trn•nl8 lor, Depreciation charges Interest re¢elv•d Interest paid {Increase)/decreast In debtors (Decraase)/increa$e in creditors 58.139 54,237 42,948 127,923) 17,217 (115,640) (1,627,869) 50,148 13,307) 17,290 778.489 417,489 N•t cash (us•d In)Iprovld•d by op•r•tloni 0.653.128) 1,314.346 ANALYSIS OF CHANGES IN NEf FUNDS At1.4.23 Cash flow Al 31.3.24 N•t cash Cash at bank and in hand 2,086,616 (1,550,055) 536,561 2,086,616 11,5 50.055) 536,561 D•bt Oebts falllng due wlthln l year Debls falllng due after l year (40,214) (42,925) (17,112) (91.972) (57,326) (134,8971 {83,139) 1109,084) (192,223) Toial 2,003,477 0,659,139) 3&6,338 Tho notes form part ol theso linancial statemènts Page19
TLC: TALK, LISTEN. CHANGE Note$ to the Flnaneial Slat•menls lor thè Year Endèd 31 March 2024 ACCOUNTING POLICIE5 Ba$ls Dt prèparlng Ihe flnanclal $lalem•ftts The financial slalemenls of the cha ritable company, wh ich 15 a public benefit entity under FRS 102, have been prepared in accordance wilh Ihe Charitlès SQ RP (FRS 102) 'Accounling and Reportin9 by Charilies.. Slalemenl of Recommended Praclice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS102) {elfeclive l January 20191., Financial Reporting Standard 102 The Financial Reporting Slandard applicable in Ihe UK and Republic ol Ireland, and the Companie5 Act 2006. The financial slate ments have been prepared under the historical c051 convention, wlth Ihe exception of investments which are included al market value. Crhlcal acc•untlng judg•menl8 and key $ourceJ of ejtimallon uncertalnly Estimates and judgements are continually evaluated and are basèd on historical èxperience and other factors, including Èxpeclalions of fulure events that are believed to be reasonable undèr the circumslances. In¢om• All income is recognlsèd in the Slatemenl of Financial Activlties once the charity has èntitlomenl Its thè funds, il Is probablÈ that the income will be receivod and the amounl can be measured reliably. Expondlture Liabilities are recognised a$ expenditure as soon as there is a legal or constructive obligation committing Ihe charity to that expenditure, il is probable that a transfer ol economic beneflls will be required in settlement and the èmounl of the obligalion can be measured rellably. Expenditure Is accounted for on an accrua15 basi5 and has been classified Under headin9$ that aggregate aLI c051 related lo Ihe category. Where costs cannot be dirèclly attributed lo parlicular h•adings Ihey have been allocated lo aclivllles on a basis conslstent with the use of resources. Tanglble flxed a$$plo Depreciation is provided al thè following annual rates in DrdEr to write olf each asset over its e51imaltd useful Improvemen15 lo properly Plant and machinery Fixtures and littings 20/0 on cos1 20 /• on reducing balance IO/• on reducin9 balance Taxalion The charity is exempl from corporation tax on its charilable activilles. Fund accounting Unreslricled funds can be used in accordancè wilh the charitable objeclives at the discretion ot the trustees. Reslricted funds can only be used for parlicvlar reslricled purposes withirt the obj*tls of Ihe charity. Restriction5 arise when specified by Ihe donor or when funds are raised for particular restricted purposes. Further explanalion ol Ihe nalure and purpose of each fund is included in the nolès to the financial slatement5. Pen$lon costs and other pos1-rellrem•nl bÈnelit8 The charilable company operates a defined contribution pension scheme. ConlribuliDns payable to ihe charitable company'5 pension scheme are charged to the Statement of Financial Aclivllies in the period to which they relale, Page 20 continued,.
TLC.. TALK, LisfEN. CHANGE Not•s to th• Flnaftclal Slal•m•nts - eonllnu•d lor Iho Y•ar Ended 31 March 2024 AccourifiNfj POLICIES . conllnued Golng conc•rn At the lime of approvlng the financial statements, Ihe truslees have a reasonable expectation that Ihe charity has adequate resources to continue in operational existence for the foreseeable fulure. Thus the Irustees continue to adopt the going concern basls of accounting in preparlng the financial statements. The charilabl• company is robust and has a strong financlal posilion, with net ass•ts of E583k and ca¥h reserves of £537k at 315t March 2024. Having taken into consideration the impact ol Ihe interruption to the charltable cornpany followlng ihe Covid-lg pandemic and adjustiny the financial projections accordingly, at the lime of approving the Ilnancial statements the directors have a reasonable expeclation that Ihe charitable cornpany has adequate resources lo continue In operalional oxislence for the loresteable futur•. Thus Ihe directors conllnue to adopt tho going concern basis of accounting in preparing the flnanclal statemènts. DOI4ATIONS AND LEGACIES 31.3.24 31.3.23 Donallons 26.555 2,107 INVÉSNENT INCOME 31.3.24 31.3.23 Oeposil account inlerest Curr as$•t inv income 3,940 23,983 3,307 27,923 3,307 INCOME FROM CHARITABLE AcnvmES 31.3.24 31.3.23 Activity Charitable Charltable Charltable Individual Clienl Paymenls Contract Client Paymèntg Granls ?26.55a 4,061.813 83,869 139,229 4.059,377 2&2.445 4,272.236 4.441,051 Page 21 continued...
TLC: TALK. LISTEN. CHANGE Notes lo Ihe Financial Stal•m•nls - contlnued fgr Iho Year Ended 31 March 2024 CHARtrA8LE ACTivmES cosrs Supporl cosls15ee note 6) Direct Costs Totals Charltable 4,052.054 216.521 4,268.575 SUPPORT COSTS Governance costs Management Finance Totals Charilable 209,622 906 5.993 216,521 Support costs, included in tho above. are as follow5: 31.3,24 31.3.23 Total activities C harilable Trustees, remuneralion elc Wages Social 5e¢urity Pensions Rales and waler Insuranc? Light and heal Telephonè Postage and slatlonery Advertlsing Sundries Stalf Expenses Repairs and renew315 Rent Legal and Prolessional Development costs Compuler costs Depreciation ot tangible and herltage a55els Bank charge5 Auditors, remuneration Accountancy lees 853 168,286 13,732 a,098 la6 1.238 112 i.ioo 333 2,736 2.557 3,631 553 3.958 213 326 173.127 13,123 3,724 106 1.055 215 1,515 355 1,507 1,757 5,801 534 3,730 385 2,466 2,374 2,507 910 4.139 6.471 3,929 2,147 906 3,ASO 2,543 216,521 226,127 Page 22 conlinued...
TLC: TALK, USTEN. CHANGE Noles to Ihe Finan¢lal Slat•menls - conllnu•d tor the Y••r Ended 31 March 2024 NEf INCOME/(EXPENDrruRE) Net incomel(expenditure) is slated after charging/(credlting): 31.3.24 31.3.23 Audllors, remuneration Depreclatlon - owned a55els 3,450 42,949 4,139 50,149 TRUSTEES. REMUNERATION AND BENEFITS There were no trugtees, remunèration or olher benefils for Ihe year ended 31 March 2024 nor for the y•ar ended 31 March 2023. Truite••' •xp•n••s 31.3.2& 31.3.23 Tru51ees' Ixpenses 853 326 STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social $ecvrity costs Other p•nsion cDsls 3,365,711 274,636 81,964 3,462,543 262,457 7a.474 3,722.311 3,799,474 The average monlh(y number ol employees during Ihe year was as follows: 31.3.24 132 31.3.23 134 All employé•$ The number of employees whose employ•e benefits (excluding employer pension costs) exceeded £60,000 was.. 31.3.24 31.3.23 £60.001- É70,000 É70,001- £80.000 The Iruslees consider key management personnel lo be comprlsed of Ihe Dlreclor5 of Services. the Head of Business Inlelligence. Ihe Chief Executive Olficor, th• Dirèctor af Business Servicès and Ihe Director of Development, The tolal amount of employee benefll$. iThcluding salaries. received by key management personnel was É346,40& (2023: £290,751). Page 23 continued...
TLC: TALK USTEN. CHANGE Notes to the Flnanclal Slalements contlnyod lor Ihe Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivmES Unrestricted fund Restricted fund Total funds INCOME AND EIIDOWMENTS FROM Donations and legacies 2.107 2.107 Charllable a¢tlvltlei Charitabl• 247.178 4.193.873 4,441,051 Investmenl income 3,307 3,307 Tolal 252,592 4,193,873 a,446,465 EXPENDITURE 011 Charltabl• adlvlll•$ Charitabl• 121,553 4.270.675 4,392,228 NEf INCOMEI(EXPENDITURE) 131,039 (76,802) 54,237 RECONCILIATION OF FUNDS Total fund¥ brought lorward 305,691 16a,861 470.552 TOTAL FUNDS CARRIED FORWARD 36.730 88.059 524,789 11. TANGIBLE FIXED ASSErs Improv•ment$ to prop•rty Fixtures and Plant and machinery Tolals COST Al l April 2023 Additions 27.811 1,352 239.341 16,717 268,504 16,717 At 31 March 2024 27.811 1,352 256,058 285,221 DEPRECIATION At1 April 2023 Charge for year 19,649 5.563 1,351 121,799 37.386 142.799 42,949 At 31 March 2024 25,212 1,351 159.185 185,748 NEf BOOK VALUE Al 31 March 2024 2.599 96,873 99.473 Al 31 March 2023 8.162 117,542 125,705 Page 24 continued...
TLC: TALK, LisfEN, CHANGE Not•4 to th• Flnanclal Stalemèntg - conllnued tor tha Y•ar End•d 31 March 2024 12. FIXED ASSET INVESTMENTS Shares in group underlaklngs MARKEf VALUE Additions NEf BOOK VALUE At 31 March 2024 At 31 March 2023 Th•re wgr• no investment assets outside the UK. 13. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Other debtors Prepayments and accrued income 6S8,593 16,040 137,524 568,097 3,475 124,945 812,157 696,517 CREDrroRS: Amouwfs FALLING DUE wrrHIN ONE YEAR 31.3.24 31.3.23 Bank loans and ov•rdr8fts l$•e note 16) Other loans (see not• 16) Trade credilors Social security and other taxes Other credltors Accrual$ and deferred income 9.957 47.369 223.883 60,411 19,631 369,116 8,873 31,341 38.225 69,170 31732 2.160,783 730.367 2,341,124 Page 25 continued,..
TLC: TALK, USTEN, CHANGE Notes to Ihe FlnaThcial Slatem•nlJ - tontlnued far Ihe Year Endèd 31 March 2024 CREDITORS: AMOUNTS FALLINO DUE AFfER MORE THAN ONE YEAR 31.3.24 31.3.23 Bank loans (see note 16) Other loans (See note 16) 34.899 99.998 23,513 19,412 134,897 42,925 LOANS An a nalysis of Ihe maturity of loans Is given below.. 31.3.24 31.3.23 Amounls falling due within one year on demand., Bank loans Olher loans 9,957 47,369 8.873 31,341 57,326 40,214 Amounts falling belw¢gn one and two years.. 8ank loans - 1-2 year5 Other loans-1-2 years 34,899 4,913 10.648 19,412 39,812 30,060 Amounts falling due between two and flvo y•ars'. 8ank loans - 2-5 years Olher loans- 2-5 years 12,865 95,085 95,085 12,865 17. LEASING AGREEMENTS Minimum lèase payments under non-cancellable operallng leases fall due as follows.. 31.3.24 31.3.23 Within one year 78,530 74,514 Page 26 continued...
TLC: TALK. LISTEN. CHANGE Note3 to th• Flnanclal Statem•nt$- contlnued lor lh• Y•gr Endèd 31 March 2024 18. MOVEMENT IN FUNDS Fundlng Str•am At 01.4.22 In¢omlng R•sourc• R•sourc• Exp•ns• Al 31.3.23 Incoming R•Bourc• R•sourc• Expen1• At 31.3.2& Unr•slrlcl•d Fund• General Fund 305.691 252.592 121,553 436.730 265,597 119,399 582.928 Tolal 305.691 252,592 121,553 436,730 265,597 119,399 582,928 Regtricled Funds Cornrnunlty Counsolllng Dome51i Abu5¢ 192,351 53,826 192.351 64,159 12.833 2,500 2,500 5,000 152.028 3,947,69 4,014,165 85,559 4,034,635 4,120,194 Tot41 164,861 4,193.873 4,270.675 88.059 4,037.135 &,125,194 RELATED PARTY DISCLOSURES Included In other debtors ij an amount of £16,040 (2023 , NII) due from Now You're Talking Therapy Ltd company In whlch TLC: Talk,List•n,Chang• owns100 'A of the issued Share capital. Includod In trado cr•dltors al the year end date w•s an amount of £2.820 (2023., £nil) and included In accruols W45 an amount of Énil (2023: Énil) due lo Topping Partnership (Accountants) Llmlt•d, a company In whlch trustee has an inlere$t. The charity received servlces from Topping Partnershlp (Accountants) Limited amountiftg to É&.013 (2023., £4,320) Page 27 continued...
TLC.. TALK. LISTEN, CHANGE Notes to th• Flnancial Stalements - ¢onlSnu•d lor Ihe Year Ended 31 March 2024 20. RESTRICTED FUNDS Movement in funds Incomlng Resource Resouret Expènded Mov•menl in funds Incomlng Resource Al resource exp•nd•d 31,D3.24 Fundlng Slre4m At 01.04.22 31.03.23 Public Seclor Grants 1,126,062 1.067,754, 58.308 249.578 307,886 Trusts 164,861 386.420 528,890 22,391 39,551 61,942 Home Office 2.596,287 2,596,287 3,740.646 3,740.646 Varlous Other Funding Sources 85,ioa 77,744 7.360 7,360 14,720 164,861 4,193,873 4,270,675 88.059 4,037,135 4,125,194 FINANCIAL INSTRUMENTS The charity has elected to apply Ihe provislons of Section 11 'Basi¢ Financial Instrumen15' and Section 12 '0ther Financial Instruments Issues, of FR5102 to all ol its flnanclal Instruments, Financial instruments are recognised in the charilvs balanc? sheet when the charily bècomès parly lo the contractual provisions of the instrument. Financial assets and liabilities are oflsel. wlth the net amounts presenled In the financial 51alemenls, when thère is a legally enforceable rlghl lo se off tho re¢ognised amounts and there is an inlention lo settle on a nel basis or lo realise the asset and Settle the liability simultaneously. 8a3lc flnancial a5501• a51c financial assets. which include debtors and cash and bank balances, ère Inllially measvred al transaction price including Iransaclion costs and arp subsequently carried at amorlised c051 bsing the pffe¢live inleresl method unless the arrangement conslilules a f inancing Iransaclion. where the transaction is measured at the present value of the future receip15 discounted al a market rate ol Intèrest. Financial assets classilied as recoivable wilhin one yea r are nol amorlised. Basic f inanclal Ilabllllies Basic financial liabililies. including creditors and bank loans are initially recogni5ed at Iransaclion price unless the arrangement con5tilules a financing transaction. whère the debl in5trumenl is measured at the gresent valuè Df the lulure paymenls discountÈd al a markel rale ol Interesl. Financial liabilities classified as payable within one year are nol amorlised. Debt in51rumenls are subsequently carried al amorlised cost, using the effeclive inleresl rale method Pa9e 28 continued...
TLC: TALK, LISTEN. CHANGE Nol•s to lh• Flnanclal Slal•menti - contlnued for Ihg Y•ar End•d 31 March 2024 21. FINANCIAL INSTRUMENTS - conlinued Trade creditor5 are obligalions lo pay for goods or service5 that have been acquired in Ihe ordinary course of operations from suppliers. Amounts payable are classified a5 current liabilities If payment is due wlthln one year or less, If nol, Ihey are presented as non-current liabilities. Trade creditors aré recognised initially at Iran$action pri¢e a nd subsequently measured al amortised cost using the effeclive interest method. D•recognltlon ol Ilnanclal Ilabllillej Financial liabilities are derecognised when the charitys conlraclual obligations explre or are discharged or cancelled. 22. ANALYSIS OF RESERVES 31.03,2024 31.03.2023 Total res¢rvo5 Less: Reslrl¢t•d funds Unreslrlcted tangible fixed a$5et5 582,928 524,789 88.059 125,705 99,473 Freely avallable reserves 83,455 311.025 Page 29
TLC: TALK, LISTEN. CHANGE Delalled Slatemenl of Flnancial A¢llvhl•8 for lh• Ygar Ended 31 M•rch 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations and legacles Donations 26,555 2,107 Invejlment income Deposit account interest Curr asset Inv income 3,940 23,983 3,307 27.923 3,307 Charlt•bl• actlvltl•$ Individual Client Payments Contract Client Paymen15 Grants 126 554 4,061,813 83,869 139.229 4.059.377 242.445 4,272,236 4,441,051 Tol•l in¢omlng r••ourc• 4,326.714 4,446,465 EXPENDITURE Charllabl• acllvili$ Wages Social security Pensions Rates and water Insurance Llghl and heal Telephone Poslage and stalionery Advertising Sundries Counsellors Studènt & Volunleer Expenses Slalf Expenses Repairs and renewa15 Sub5criplion5 Room Hlre Rent Developmenl Computer Cosls Legal and Prolessional Carried lorward 3,197.425 260.904 77.866 2.772 23.519 2.119 20,9D5 6,320 51,985 48,586 21,799 88 68.989 10.503 21.893 24,451 75,206 3.289,416 209,33& 70,750 2,018 20.046 4,082 28,781 6,748 28.626 33.385 32.622 146 111,422 10.145 25,077 18,439 70,863 46.863 45.101 7.306 4,101.170 74,653 4.053 3,994,036 This page does not form part of the statutory hnancial statements Page 3D
TLC: TALII LISTEN, CHANGE Detalled Slatement of Flnanclal Activlt1•5 for th• Y•ar Ended 31 Mareh 2024 31.3.24 31.3.23 Charltabl• acllvllhj Brought forward Improvèments to property Plant and machingry Flxlur¢$ and fillings Bank charges and interest 3.994.036 5.284 4,101,170 5,284 24 42.333 17.290 35,517 17,217 4,052,054 4.166.101 Supporf co$ls Manag•rn•ftt Trustees, expense5 Wage5 Social securily Pen$lons Rates and wal•r In$uran¢• Light and heat Telephone Postage and stationery Advèrtising Sundries Stalf Expenses Rep¥irs and renewals Rent Legal and Professional Development cosls Computer cosls Improvemgnts to property Plant and machinery Fixlur•s and f ItllThgs 853 168,286 13.732 4,098 146 1,238 112 1,100 333 2,736 2,557 3,631 553 3,958 213 326 173,127 13,123 3.724 106 1.055 215 1.515 355 1,507 1,757 5,801 534 3,730 385 2.466 2,374 278 3,929 278 1.869 2.228 209.622 214.607 Pln•ne• Bank charges 906 910 Gov•rnanc¢ ¢o•ts Auditors, remuneratlon Accountancy fees 3.450 2,543 4,139 6.471 5,993 10,610 Total resources expended 4,268.575 4,392,228 Nel Incom• 58.139 54,237 This page does not form part of the statulory linancial statemenls Page 31