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2020-12-31-accounts

REGISTERED CHARITY NUMBER: 516092

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

THE BURY SPEAKEASY CLUB

P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ

THE BURY SPEAKEASY CLUB

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 13
Detailed Statement of Financial Activities 14 to 15

THE BURY SPEAKEASY CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. 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 Bury Speakeasy Club operates under the name "Speakeasy".

OBJECTIVES AND ACTIVITIES

Objectives and aims

Speakeasy's objectives tend to be similar year on year as our core business of supporting people with aphasia remains unchanged.

Additionally we are operating in an uncertain environment which also means we are not able to plan for the long term and some of our objectives need to be focused on managing this situation and ensuring we can react quickly and accordingly if required. If we manage to secure significant funding for a period of three to five years then our offer may change significantly.

Activities

We layer activities onto our basic services offering a wider range of member requested and member led activities to facilitate ongoing development of communication skills, confidence and community participation whilst improving quality of life with aphasia.

Annually we offer purposeful trips as appropriate, AGM, a Christmas lunch and our aphasia conference.

Page 1

THE BURY SPEAKEASY CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

OBJECTIVES AND ACTIVITIES

Achievements and performance 2020

Our duties as Trustees are to ensure that as stated in our constitution, we are here to:

To enable us to achieve this we have identified the need to develop/ achieve/ monitor/ ensure the following:

Objectives for 2021:

1. Finance

2. People

3. Information

b) Consolidate office processes and systems to reflect new working practices, ensuring easy access to and less papered storage of information

Page 2

THE BURY SPEAKEASY CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

OBJECTIVES AND ACTIVITIES Objectives for 2021 continued -

4 Strategies a ) Explore ways to meet increasing demands and fluctuations on service through dynamic operational structures that can be sustained

c) Conduct business as usual while funding is in place, for as long as funding exists: we will not accept a 'slow death', it is a full delivery of current service with a full staff or closure

FINANCIAL REVIEW

Reserves policy

Our policy on cash reserves continues to be the maintenance of at least six months operating costs on deposit as a buffer in the event that our funding / income sources cease.

The trustees have always recognised that the sources of income are ad-hoc or at best subject to a periodic review, and often subject to periodic qualification; all with the potential to cease with little-to-no prior notice, with subsequent impact to reserves.

These characteristics sit alongside an understanding on the part of the trustees that the members, staff and grant-makers require some continuity; the financial buffer is essential in allowing the trustees adequate time to formulate appropriate contingency plans, should they be required.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The governing document is the constitution adopted 23 January 1985 and amended 24 April 1989.

Page 3

THE BURY SPEAKEASY CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees

The method adopted for recruitment and appointment of new trustees are :

New trustees are appointed by the board after consideration of the charity's requirements.

Organisational structure

Speakeasy has a board of trustees and a Chief Executive Officer, Gill Pearl, to whom all staff report.

All structural and financial decisions are made by majority vote by the trustees. Gill Pearl has authority for expenses up to £200.

Governance

Trustee meetings are planned to take place throughout the year and senior leaders communicate very effectively on both formal matters and informally when guidance is required by officers or the Chief Executive Officer.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

516092

Principal address

11 Princes Court Silver Street Ramsbottom Bury Lancashire BL0 9BJ

Trustees

Mrs S Holland (resigned 31.8.21) J Holland D Morton Chair of Trustees J Lowe Ms A Hibbert Mrs J Hancock P Prince Ms E Duncan (appointed 22.3.21) Ms J Wright (appointed 21.5.21) K Winch (appointed 22.3.21) Ms J Lloyd (appointed 22.3.21) V Wright (appointed 21.5.21)

Page 4

THE BURY SPEAKEASY CLUB

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner N W Polding B.Sc., F.C.A. P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ

Approved by order of the board of trustees on 25 October 2021 and signed on its behalf by:

D Morton - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BURY SPEAKEASY CLUB

Independent examiner's report to the trustees of The Bury Speakeasy Club

I report to the charity trustees on my examination of the accounts of The Bury Speakeasy Club (the Trust) for the year ended 31 December 2020.

Responsibilities and basis of report

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

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

Independent examiner's statement

I have completed my examination. I confirm that no material 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 Trust as required by section 130 of the 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.

N W Polding B.Sc., F.C.A. P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ

25 October 2021

Page 6

THE BURY SPEAKEASY CLUB

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations subscriptions and grants
2
17,585
Other trading activities
3
6,346
Investment income
4
10
Total
23,941
EXPENDITURE ON
Charitable activities
5
Charitable activities
18,711
Net gains/(losses) on investments
(3,132)
NET INCOME
2,098
Transfers between funds
12
17,402
Net movement in funds
19,500
RECONCILIATION OF FUNDS
Total funds brought forward
62,834
TOTAL FUNDS CARRIED FORWARD
82,334
Restricted
fund
£
135,554
4,000
-
139,554
98,160
-
41,394
(17,402)
23,992
8,476
32,468
2020
Total
funds
£
153,139
10,346
10
163,495
116,871
(3,132)
43,492
-
43,492
71,310
114,802
2019
Total
funds
£
91,616
19,297
92
111,005
107,366
2,350
5,989
-
5,989
65,321
71,310

The notes form part of these financial statements

Page 7

THE BURY SPEAKEASY CLUB

BALANCE SHEET 31 DECEMBER 2020

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
8
3,372
Investments
9
27,834
31,206
CURRENT ASSETS
Debtors: amounts falling due within one year
10
1,495
Cash at bank and in hand
49,633
51,128
CREDITORS
Amounts falling due within one year
11
-
NET CURRENT ASSETS
51,128
TOTAL ASSETS LESS CURRENT
LIABILITIES
82,334
NET ASSETS
82,334
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS
Restricted
fund
£
-
-
-
-
32,468
32,468
-
32,468
32,468
32,468
2020
Total
funds
£
3,372
27,834
31,206
1,495
82,101
83,596
-
83,596
114,802
114,802
82,334
32,468
114,802
2019
Total
funds
£
3,372
30,965
34,337
760
58,581
59,341
(22,368)
36,973
71,310
71,310
62,834
8,476
71,310

The financial statements were approved by the Board of Trustees and authorised for issue on 25 October 2021 and were signed on its behalf by:

D Morton - Trustee

The notes form part of these financial statements

Page 8

THE BURY SPEAKEASY CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

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.

Tangible fixed assets

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

Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

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.

2. DONATIONS SUBSCRIPTIONS AND GRANTS

Donations
Gift aid
Grants
Subscriptions
Grants received, included in the above, are as follows:
Other grants
2020
£
8,661
-
140,656
3,822
153,139
2020
£
140,656
2019
£
17,843
1,694
62,275
9,804
91,616
2019
£
62,275

continued...

Page 9

THE BURY SPEAKEASY CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

3. OTHER TRADING ACTIVITIES

Fundraising events
Training and expertise
4.
INVESTMENT INCOME
Deposit account interest
5.
CHARITABLE ACTIVITIES COSTS
Charitable activities
2020
2019
£
£
3,708
7,824
6,638
11,473
10,346
19,297
2020
2019
£
£
10
92
Direct
Costs
£
116,871
2019
£
7,824
11,473
19,297

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

Chief Executive
Finance and administration
Speech and language therapist
Fixed term contracts - project-delivery
2020
1
2
1
4
8
2019
1
2
1
4
8

No employees received emoluments in excess of £60,000.

continued...

Page 10

THE BURY SPEAKEASY CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

8.
TANGIBLE FIXED ASSETS
COST
At 1 January 2020 and 31 December 2020
DEPRECIATION
At 1 January 2020 and 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
9.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2020
Revaluations
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
There were no investment assets outside the UK.
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
Computer
equipment
£
17,355
13,983
3,372
3,372
Listed
investments
£
30,965
(3,131)
27,834
27,834
30,965
2020
2019
£
£
343
760
1,152
-
1,495
760

continued...

Page 11

THE BURY SPEAKEASY CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other creditors
12.
MOVEMENT IN FUNDS
At 1.1.20
£
Unrestricted funds
General fund
62,834
Restricted funds
Restricted funds
8,476
TOTAL FUNDS
71,310
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
23,941
Restricted funds
Restricted funds
139,554
TOTAL FUNDS
163,495
Comparatives for movement in funds
At 1.1.19
£
Unrestricted funds
General fund
56,671
Restricted funds
Restricted funds
8,650
TOTAL FUNDS
65,321
Net
movement
in funds
£
2,098
41,394
43,492
Resources
expended
£
(18,711)
(98,160)
(116,871)
Net
movement
in funds
£
5,980
9
5,989
2020
2019
£
£
-
22,368
Transfers
between
At
funds
31.12.20
£
£
17,402
82,334
(17,402)
32,468
-
114,802
Gains and
Movement
losses
in funds
£
£
(3,132)
2,098
-
41,394
(3,132)
43,492
Transfers
between
At
funds
31.12.19
£
£
183
62,834
(183)
8,476
-
71,310
2020
2019
£
£
-
22,368
Transfers
between
At
funds
31.12.20
£
£
17,402
82,334
(17,402)
32,468
-
114,802
Gains and
Movement
losses
in funds
£
£
(3,132)
2,098
-
41,394
(3,132)
43,492
Transfers
between
At
funds
31.12.19
£
£
183
62,834
(183)
8,476
-
71,310
2019
£
22,368
43,492
At
31.12.19
£
62,834
8,476
71,310
71,310

continued...

Page 12

THE BURY SPEAKEASY CLUB

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS
Incoming
resources
£
64,495
46,510
111,005
Resources
expended
£
(60,865)
(46,501)
(107,366)
Gains and
Movement
losses
in funds
£
£
2,350
5,980
-
9
2,350
5,989
Gains and
Movement
losses
in funds
£
£
2,350
5,980
-
9
2,350
5,989
5,989

Nature and purpose of restricted funds

Speak Up

Engaging people with aphasia as part of the solution to improve the public's awareness of and response to aphasia

GM Walking GMCVA

Support for incorporating walking/healthy living for members and associated personnel

ISDN Covid money previously ODN - Speech therapists

Support for NHS services input to people with aphasia earlier than usual to ease NHS Covid challenges

Awards for All - National Lottery

Evaluation of what matters most to members for evaluating and designing Speakeasy services

GMS ODN Patient and Carer Group

Support for patient involvement for stroke and neuro network in

GMCovid 19 Bury Discretionary Grant (Additonal restrictions grant) Covid money rent for premises

ESF Step Ahead

Developing skills towards volunteering and employment for men

Forever Manchester General Covid Support

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2020.

Page 13

THE BURY SPEAKEASY CLUB

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

INCOME AND ENDOWMENTS
Donations subscriptions and grants
Donations
Gift aid
Grants
Subscriptions
Other trading activities
Fundraising events
Training and expertise
Investment income
Deposit account interest
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Volunteer expenses
Rent rates and room hire
Insurance
Utilities
Postage printing stationery and advertising
Sundries
Members outings and events
Staff travel
Office software equipment and support fees
Guest speakers and training expenses
Computer equipment depreciation
PPE and work from home expenses
Accountancy
Bank charges
Total resources expended
Net income before gains and losses
Realised recognised gains and losses
Carried forward
2020
£
8,661
-
140,656
3,822
153,139
3,708
6,638
10,346
10
163,495
85,718
333
12,930
1,241
831
3,267
1,092
(9,942)
322
17,974
-
-
1,235
1,800
70
116,871
116,871
46,624
46,624
2019
£
17,843
1,694
62,275
9,804
91,616
7,824
11,473
19,297
92
111,005
72,152
1,169
14,511
1,231
768
5,084
984
(1,373)
2,409
6,173
2,234
1,124
-
900
-
107,366
107,366
3,639
3,639

This page does not form part of the statutory financial statements

Page 14

THE BURY SPEAKEASY CLUB

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
Realised recognised gains and losses
Brought forward
Unrealised gains/losses on fixed asset investments
Net income
2020
£
46,624
(3,132)
43,492
2019
£
3,639
2,350
5,989

This page does not form part of the statutory financial statements

Page 15

The Bury Speakeasy Club 11 Princes Court Siver Street Ramsbottom

Bury BL0 9BJ

P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton BL1 3AJ

Dear Sirs,

THE BURY SPEAKEASY CLUB

We confirm to the best of our knowledge and belief, and having made appropriate enquiries of other trustees and staff of the charity, the following representations given to you in connection with your review of the charity’s accounts for the year ended 31 December 2020.

Yours sincerely Signed on behalf of the board


D Morton – Trustee

Date : 25 October 2021