REGISTERED CHARITY NUMBER: 516092
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
THE BURY SPEAKEASY CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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.
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.
Achievements and performance 2021
We stayed open for business and continued to grow the service in spite of the continued impact of Covid and reduced funding due to tapering off of Covid grants and special funds.
Successful delivery of all funded projects, including evaluation of Speakeasy services - preferences and the impact we make.
Full delivery of core services and support for all who requested it in spite of increasing demand and reduced capacity.
Continued development of online support, including expert Speech and language therapy led sessions on a variety of topics.
Some face to face activity as Covid restrictions allowed.
Ongoing involvement with the Aphasia Alliance, Tavistock trust for Aphasia, BASIC and other aphasia, stroke and disability organisations, nationally and internationally.
Full trustee involvement and strategic guidance.
Continued attempts to engage with Bury and Bolton CCG for assistance to fund our services for people from their respective areas. These were unsuccessful due to lack of action from either CCG.
Involvement with local national and international researchers, and with businesses to share/sell our expertise.
Continued involvement with CATS (collaboration of aphasia triallists) and strong links with national and international aphasia projects and research.
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.
Page 1
THE BURY SPEAKEASY CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
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.
Recruitment and appointment of new trustees
The method adopted for recruitment and appointment of new trustees are :
-
Head-hunting for those with required skills
-
Initial meeting
-
Invitation to join Speakeasy
-
CRB check
-
Confirmation of appointment at trustee meeting
-
Report and confirmation at AGM
-
Induciton pack and responsibility / liability briefing
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 2
THE BURY SPEAKEASY CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
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 26 October 2022 and signed on its behalf by:
D Morton - Trustee
Page 3
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 2021.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
26 October 2022
Page 4
THE BURY SPEAKEASY CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations subscriptions and grants 2 50,136 Other trading activities 3 15,440 Investment income 4 - Total 65,576 EXPENDITURE ON Charitable activities 5 Charitable activities 54,849 Net gains/(losses) on investments 3,178 NET INCOME/(EXPENDITURE) 13,905 RECONCILIATION OF FUNDS Total funds brought forward 82,334 TOTAL FUNDS CARRIED FORWARD 96,239 |
Restricted fund £ 35,867 4,000 - 39,867 71,466 - (31,599) 32,468 869 |
2021 Total funds £ 86,003 19,440 - 105,443 126,315 3,178 (17,694) 114,802 97,108 |
2020 Total funds £ 153,139 10,346 10 163,495 116,871 (3,132) 43,492 71,310 114,802 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
THE BURY SPEAKEASY CLUB
BALANCE SHEET 31 DECEMBER 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 2,529 Investments 9 31,011 33,540 CURRENT ASSETS Debtors: amounts falling due within one year 10 - Cash at bank and in hand 62,699 62,699 NET CURRENT ASSETS 62,699 TOTAL ASSETS LESS CURRENT LIABILITIES 96,239 NET ASSETS 96,239 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - - - 869 869 869 869 869 |
2021 Total funds £ 2,529 31,011 33,540 - 63,568 63,568 63,568 97,108 97,108 96,239 869 97,108 |
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 |
The financial statements were approved by the Board of Trustees and authorised for issue on 26 October 2022 and were signed on its behalf by:
D Morton - Trustee
The notes form part of these financial statements
Page 6
THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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.
2. DONATIONS SUBSCRIPTIONS AND GRANTS
| Donations Grants Subscriptions Grants received, included in the above, are as follows: Other grants |
2021 £ 26,382 56,238 3,383 86,003 2021 £ 56,238 |
2020 £ 8,661 140,656 3,822 |
|---|---|---|
| 153,139 | ||
| 2020 £ 140,656 |
continued...
Page 7
THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
3. OTHER TRADING ACTIVITIES
| Fundraising events Training and expertise Stephanie's fund 4. INVESTMENT INCOME Deposit account interest 5. CHARITABLE ACTIVITIES COSTS Charitable activities 6. TRUSTEES' REMUNERATION AND BENEFITS |
2021 £ 5,752 5,843 7,845 19,440 2021 £ - |
2020 £ 3,708 6,638 - 10,346 2020 £ 10 Direct Costs £ 126,315 |
2020 £ 3,708 6,638 - |
|---|---|---|---|
| 10,346 | |||
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
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 |
2021 1 2 1 4 8 |
2020 1 2 1 4 |
|---|---|---|
| 8 |
No employees received emoluments in excess of £60,000.
continued...
Page 8
THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 8. | TANGIBLE FIXED ASSETS | |
|---|---|---|
| Computer | ||
| equipment | ||
| £ | ||
| COST | ||
| At 1 January 2021 and 31 December 2021 | 17,355 | |
| DEPRECIATION | ||
| At 1 January 2021 | 13,983 | |
| Charge for year | 843 | |
| At 31 December 2021 | 14,826 | |
| NET BOOK VALUE | ||
| At 31 December 2021 | 2,529 | |
| At 31 December 2020 | 3,372 | |
| 9. | FIXED ASSET INVESTMENTS | |
| Listed | ||
| investments | ||
| £ | ||
| MARKET VALUE | ||
| At 1 January 2021 | 27,834 | |
| Revaluations | 3,177 | |
| At 31 December 2021 | 31,011 | |
| NET BOOK VALUE | ||
| At 31 December 2021 | 31,011 | |
| At 31 December 2020 | 27,834 | |
| There were no investment assets outside the UK. | ||
| Cost or valuation at 31 December 2021 is represented by: | ||
| Listed | ||
| investments | ||
| £ | ||
| Valuation in 2021 | 3,177 | |
| Cost | 27,834 | |
| 31,011 |
continued...
Page 9
THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments and accrued income MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 65,576 Restricted funds Restricted funds 39,867 TOTAL FUNDS 105,443 Comparatives for movement in funds At 1.1.20 £ Unrestricted funds General fund 62,834 Restricted funds Restricted funds 8,476 TOTAL FUNDS 71,310 |
At 1.1.21 £ 82,334 32,468 114,802 Resources expended £ (54,849) (71,466) (126,315) Net movement in funds £ 2,098 41,394 43,492 |
2021 2020 £ £ - 343 - 1,152 - 1,495 Net movement At in funds 31.12.21 £ £ 13,905 96,239 (31,599) 869 (17,694) 97,108 Gains and Movement losses in funds £ £ 3,178 13,905 - (31,599) 3,178 (17,694) Transfers between At funds 31.12.20 £ £ 17,402 82,334 (17,402) 32,468 - 114,802 |
|---|---|---|
11. MOVEMENT IN FUNDS
continued...
Page 10
THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
11. 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 £ 23,941 139,554 163,495 |
Resources expended £ (18,711) (98,160) (116,871) |
Gains and Movement losses in funds £ £ (3,132) 2,098 - 41,394 (3,132) 43,492 |
Gains and Movement losses in funds £ £ (3,132) 2,098 - 41,394 (3,132) 43,492 |
|---|---|---|---|---|
| 43,492 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 11
THE BURY SPEAKEASY CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| INCOME AND ENDOWMENTS Donations subscriptions and grants Donations Grants Subscriptions Other trading activities Fundraising events Training and expertise Stephanie's fund 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 Computer equipment depreciation Office repairs and maintenance PPE and work from home expenses Accountancy Bank charges Total resources expended Net (expenditure)/income before gains and losses Realised recognised gains and losses Carried forward |
2021 £ 26,382 56,238 3,383 86,003 5,752 5,843 7,845 19,440 - 105,443 98,361 47 12,720 1,837 364 619 1,339 3,071 304 3,917 843 523 - 2,370 - 126,315 126,315 (20,872) (20,872) |
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 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
THE BURY SPEAKEASY CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Realised recognised gains and losses Brought forward Unrealised gains/losses on fixed asset investments Net (expenditure)/income |
2021 £ (20,872) 3,178 (17,694) |
2020 £ 46,624 (3,132) 43,492 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
REGISTERED CHARITY NUMBER: 516092
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
| Detailed Statement of Financial Activities | 12 | to | 13 |
THE BURY SPEAKEASY CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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.
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.
Achievements and performance 2021
We stayed open for business and continued to grow the service in spite of the continued impact of Covid and reduced funding due to tapering off of Covid grants and special funds.
Successful delivery of all funded projects, including evaluation of Speakeasy services - preferences and the impact we make.
Full delivery of core services and support for all who requested it in spite of increasing demand and reduced capacity.
Continued development of online support, including expert Speech and language therapy led sessions on a variety of topics.
Some face to face activity as Covid restrictions allowed.
Ongoing involvement with the Aphasia Alliance, Tavistock trust for Aphasia, BASIC and other aphasia, stroke and disability organisations, nationally and internationally.
Full trustee involvement and strategic guidance.
Continued attempts to engage with Bury and Bolton CCG for assistance to fund our services for people from their respective areas. These were unsuccessful due to lack of action from either CCG.
Involvement with local national and international researchers, and with businesses to share/sell our expertise.
Continued involvement with CATS (collaboration of aphasia triallists) and strong links with national and international aphasia projects and research.
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.
Page 1
THE BURY SPEAKEASY CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
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.
Recruitment and appointment of new trustees
The method adopted for recruitment and appointment of new trustees are :
-
Head-hunting for those with required skills
-
Initial meeting
-
Invitation to join Speakeasy
-
CRB check
-
Confirmation of appointment at trustee meeting
-
Report and confirmation at AGM
-
Induciton pack and responsibility / liability briefing
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 2
THE BURY SPEAKEASY CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
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 26 October 2022 and signed on its behalf by:
D Morton - Trustee
Page 3
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 2021.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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
26 October 2022
Page 4
THE BURY SPEAKEASY CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations subscriptions and grants 2 50,136 Other trading activities 3 15,440 Investment income 4 - Total 65,576 EXPENDITURE ON Charitable activities 5 Charitable activities 54,849 Net gains/(losses) on investments 3,178 NET INCOME/(EXPENDITURE) 13,905 RECONCILIATION OF FUNDS Total funds brought forward 82,334 TOTAL FUNDS CARRIED FORWARD 96,239 |
Restricted fund £ 35,867 4,000 - 39,867 71,466 - (31,599) 32,468 869 |
2021 Total funds £ 86,003 19,440 - 105,443 126,315 3,178 (17,694) 114,802 97,108 |
2020 Total funds £ 153,139 10,346 10 163,495 116,871 (3,132) 43,492 71,310 114,802 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
THE BURY SPEAKEASY CLUB
BALANCE SHEET 31 DECEMBER 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 2,529 Investments 9 31,011 33,540 CURRENT ASSETS Debtors: amounts falling due within one year 10 - Cash at bank and in hand 62,699 62,699 NET CURRENT ASSETS 62,699 TOTAL ASSETS LESS CURRENT LIABILITIES 96,239 NET ASSETS 96,239 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - - - - 869 869 869 869 869 |
2021 Total funds £ 2,529 31,011 33,540 - 63,568 63,568 63,568 97,108 97,108 96,239 869 97,108 |
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 |
The financial statements were approved by the Board of Trustees and authorised for issue on 26 October 2022 and were signed on its behalf by:
D Morton - Trustee
The notes form part of these financial statements
Page 6
THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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.
2. DONATIONS SUBSCRIPTIONS AND GRANTS
| Donations Grants Subscriptions Grants received, included in the above, are as follows: Other grants |
2021 £ 26,382 56,238 3,383 86,003 2021 £ 56,238 |
2020 £ 8,661 140,656 3,822 |
|---|---|---|
| 153,139 | ||
| 2020 £ 140,656 |
continued...
Page 7
THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
3. OTHER TRADING ACTIVITIES
| Fundraising events Training and expertise Stephanie's fund 4. INVESTMENT INCOME Deposit account interest 5. CHARITABLE ACTIVITIES COSTS Charitable activities 6. TRUSTEES' REMUNERATION AND BENEFITS |
2021 £ 5,752 5,843 7,845 19,440 2021 £ - |
2020 £ 3,708 6,638 - 10,346 2020 £ 10 Direct Costs £ 126,315 |
2020 £ 3,708 6,638 - |
|---|---|---|---|
| 10,346 | |||
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
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 |
2021 1 2 1 4 8 |
2020 1 2 1 4 |
|---|---|---|
| 8 |
No employees received emoluments in excess of £60,000.
continued...
Page 8
THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
| 8. | TANGIBLE FIXED ASSETS | |
|---|---|---|
| Computer | ||
| equipment | ||
| £ | ||
| COST | ||
| At 1 January 2021 and 31 December 2021 | 17,355 | |
| DEPRECIATION | ||
| At 1 January 2021 | 13,983 | |
| Charge for year | 843 | |
| At 31 December 2021 | 14,826 | |
| NET BOOK VALUE | ||
| At 31 December 2021 | 2,529 | |
| At 31 December 2020 | 3,372 | |
| 9. | FIXED ASSET INVESTMENTS | |
| Listed | ||
| investments | ||
| £ | ||
| MARKET VALUE | ||
| At 1 January 2021 | 27,834 | |
| Revaluations | 3,177 | |
| At 31 December 2021 | 31,011 | |
| NET BOOK VALUE | ||
| At 31 December 2021 | 31,011 | |
| At 31 December 2020 | 27,834 | |
| There were no investment assets outside the UK. | ||
| Cost or valuation at 31 December 2021 is represented by: | ||
| Listed | ||
| investments | ||
| £ | ||
| Valuation in 2021 | 3,177 | |
| Cost | 27,834 | |
| 31,011 |
continued...
Page 9
THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments and accrued income MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted funds TOTAL FUNDS Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 65,576 Restricted funds Restricted funds 39,867 TOTAL FUNDS 105,443 Comparatives for movement in funds At 1.1.20 £ Unrestricted funds General fund 62,834 Restricted funds Restricted funds 8,476 TOTAL FUNDS 71,310 |
At 1.1.21 £ 82,334 32,468 114,802 Resources expended £ (54,849) (71,466) (126,315) Net movement in funds £ 2,098 41,394 43,492 |
2021 2020 £ £ - 343 - 1,152 - 1,495 Net movement At in funds 31.12.21 £ £ 13,905 96,239 (31,599) 869 (17,694) 97,108 Gains and Movement losses in funds £ £ 3,178 13,905 - (31,599) 3,178 (17,694) Transfers between At funds 31.12.20 £ £ 17,402 82,334 (17,402) 32,468 - 114,802 |
|---|---|---|
11. MOVEMENT IN FUNDS
continued...
Page 10
THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
11. 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 £ 23,941 139,554 163,495 |
Resources expended £ (18,711) (98,160) (116,871) |
Gains and Movement losses in funds £ £ (3,132) 2,098 - 41,394 (3,132) 43,492 |
Gains and Movement losses in funds £ £ (3,132) 2,098 - 41,394 (3,132) 43,492 |
|---|---|---|---|---|
| 43,492 |
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 11
THE BURY SPEAKEASY CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| INCOME AND ENDOWMENTS Donations subscriptions and grants Donations Grants Subscriptions Other trading activities Fundraising events Training and expertise Stephanie's fund 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 Computer equipment depreciation Office repairs and maintenance PPE and work from home expenses Accountancy Bank charges Total resources expended Net (expenditure)/income before gains and losses Realised recognised gains and losses Carried forward |
2021 £ 26,382 56,238 3,383 86,003 5,752 5,843 7,845 19,440 - 105,443 98,361 47 12,720 1,837 364 619 1,339 3,071 304 3,917 843 523 - 2,370 - 126,315 126,315 (20,872) (20,872) |
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 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 12
THE BURY SPEAKEASY CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Realised recognised gains and losses Brought forward Unrealised gains/losses on fixed asset investments Net (expenditure)/income |
2021 £ (20,872) 3,178 (17,694) |
2020 £ 46,624 (3,132) 43,492 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
The Bury Speakeasy Club 11 Princes Court Silver 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 2021.
-
We acknowledge as trustees our responsibility for the accounts, which you have prepared for the charity. All the accounting records have been made available to you for the purpose of your review and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records.
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We confirm that there have been no changes in the accounting policies.
-
In our opinion, the accounting policies are appropriate to the charity and conform with generally accepted accounting principles. We confirm that all transactions and balances have been accounted for in accordance with these accounting policies.
-
We confirm that all assets have been included in the balance sheet.
-
We confirm that all assets included in the balance sheet exist.
-
We confirm that the charity owns all the assets included in the balance sheet, unless otherwise stated in the accounts.
-
We confirm that the cost (or value) of all the assets in the balance sheet are fairly stated.
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We confirm that depreciation has been provided on all fixed assets with a limited economic life in accordance with the stated accounting policy. In our opinion, the rates of depreciation are reasonable.
-
We confirm that all liabilities have been fully recorded in the balance sheet.
-
We confirm that all liabilities recorded in the balance sheet are properly those of the charity.
-
We confirm that all liabilities have been recorded at a fair value.
-
We confirm that there has been no netting off of assets and liabilities.
-
We confirm that all income has been fully recorded and correctly classified.
-
We confirm the restricted fund balances at 31 December 2021 that are available to be utilised in the current financial year are :
-
Salford Royal NHS Foundation Trust : ODN Project £868.82
-
The charity has not at any time during the year had any transactions with trustees and connected parties.
-
The charity has no contingent liabilities.
-
There has been no event since the balance sheet date which requires disclosing or which would materially affect the amounts in the accounts.
-
The charity has not entered into any charitable commitments.
Yours sincerely
Signed on behalf of the board
D Morton – Trustee
Date : 26 October 2022