**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:
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
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:
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
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.
- 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.
- 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