REGISTERED CHARITY NUMBER: 516092
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
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 2022
| 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 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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 2022
We stayed open for business and continued to grow the service in spite of the continued impact of Covid and reduced funding due to the tapering off of Covid grants and special funds.
All the funded projects were delivered successfully including an evaluation of Speakeasy services. This aspect of our work was funded by the National Lottery Award for All Fund and it enabled us to assess the impact of Speakeasy services and ensure that our services are tailored for meeting individual members' needs and preferences.
In 2022 we ensured full delivery of core services and support for all who requested it in spite of increasing demand and reduced capacity. We were supported in our increased delivery by our considerably improved IT systems which enabled us to divert staff time away from administration and into core work.
We continued to deliver and develop our online support including expert speech and language therapy led sessions on a variety of topics.
More of our pre-lockdown face to face activity resumed although with slightly less frequency for cricket club meetings.
We continued to support members to have involvement in a wide range of research and themed project work which included engagement with local public and patient consultation meetings across Greater Manchester.
Speakeasy remained at the forefront of national and international aphasia collaborations such as the Aphasia Alliance, Tavistock trust for Aphasia, Collaboration of Aphasia Triallists and retains strong links with stroke, disability and voluntary sector organisations.
We liaised with utility and care organisations and established an agreement to deliver training for staff in improving their communication skills.
Our ongoing and regular involvement with local national and international researchers and with businesses to share/sell our expertise has continued in 2022.
In the final quarter of 2022 we applied for funding from National NHS projects to deliver a new service to support speech and language therapists, people with aphasia and carers with online, short term support. A remote speech and language therapist was engaged to deliver this work the delivery of which will start fully in 2023.
Trustees have had full involvement in managing Speakeasy business with continued support, advice, monitoring of standards and strategic guidance.
Page 1
THE BURY SPEAKEASY CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
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.
As at 31 December 2022 the unrestricted general fund stood at £73,338 which represents over 8 months operating costs.
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.
Funds in deficit
The SQuIRe fund was awarded in the current year and some initial costs have been incurred. The funds for this grant were not received until 2023.
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 :
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Head-hunting for those with required skills
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Initial meeting
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Invitation to join Speakeasy
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CRB check
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Confirmation of appointment at trustee meeting
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Report and confirmation at AGM
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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.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
We regularly review all risks and take appropriate actions where required.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
516092
Page 2
THE BURY SPEAKEASY CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
Principal address
11 Princes Court Silver Street Ramsbottom Bury Lancashire BL0 9BJ
Trustees
J Holland D Morton Chair of Trustees J Lowe Ms A Hibbert Mrs J Hancock P Prince Ms E Duncan Ms J Wright K Winch Ms J Lloyd V Wright H Holland
Independent Examiner
A J Syddall M.A., A.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 11 September 2023 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 2022.
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
A J Syddall M.A., A.C.A..
P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
12 September 2023
Page 4
THE BURY SPEAKEASY CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations subscriptions and grants 2 33,029 Other trading activities 3 5,687 Investment income 4 112 Total 38,828 EXPENDITURE ON Charitable activities 5 Charitable activities 58,168 Support costs 3,373 Finance costs 190 Total 61,731 Net gains/(losses) on investments (3,715) NET INCOME/(EXPENDITURE) (26,618) Transfers between funds 12 3,737 Net movement in funds (22,881) RECONCILIATION OF FUNDS Total funds brought forward 96,239 TOTAL FUNDS CARRIED FORWARD 73,358 |
Restricted funds £ 51,660 4,000 - 55,660 39,157 - - 39,157 - 16,503 (3,737) 12,766 869 13,635 |
2022 Total funds £ 84,689 9,687 112 94,488 97,325 3,373 190 100,888 (3,715) (10,115) - (10,115) 97,108 86,993 |
2021 Total funds £ 86,003 19,440 - 105,443 122,108 4,207 - 126,315 3,178 (17,694) - (17,694) 114,802 97,108 |
|---|---|---|---|
The notes form part of these financial statements
Page 5
THE BURY SPEAKEASY CLUB
BALANCE SHEET 31 DECEMBER 2022
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 1,897 Investments 9 27,297 29,194 CURRENT ASSETS Debtors: amounts falling due within one year 10 1,210 Cash at bank and in hand 44,453 45,663 CREDITORS Amounts falling due within one year 11 (1,500) NET CURRENT ASSETS 44,163 TOTAL ASSETS LESS CURRENT LIABILITIES 73,357 NET ASSETS 73,357 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - - - 13,636 13,636 - 13,636 13,636 13,636 |
2022 Total funds £ 1,897 27,297 29,194 1,210 58,089 59,299 (1,500) 57,799 86,993 86,993 73,357 13,636 86,993 |
2021 Total funds £ 2,529 31,011 |
|---|---|---|---|
| 33,540 - 63,568 |
|||
| 63,568 - |
|||
| 63,568 | |||
| 97,108 | |||
| 97,108 | |||
| 96,239 869 |
|||
| 97,108 |
The financial statements were approved by the Board of Trustees and authorised for issue on 11 September 2023 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 2022
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 |
2022 £ 8,191 68,460 8,038 84,689 2022 £ 68,460 |
2021 £ 26,382 56,238 3,383 |
|---|---|---|
| 86,003 | ||
| 2021 £ 56,238 |
continued...
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THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
3. OTHER TRADING ACTIVITIES
| Fundraising events Training and expertise Stephanie's fund Other income INVESTMENT INCOME Deposit account interest CHARITABLE ACTIVITIES COSTS Charitable activities Support costs Finance costs |
Direct Costs £ 97,325 - - 97,325 |
2022 £ 3,287 6,260 - 140 9,687 2022 £ 112 Support costs £ - 3,373 190 3,563 |
2021 £ 5,752 5,843 7,845 - |
||
|---|---|---|---|---|---|
| 19,440 | |||||
| 2021 £ - Totals £ 97,325 3,373 190 |
|||||
| 100,888 |
4. INVESTMENT INCOME
5. CHARITABLE ACTIVITIES COSTS
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
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 |
2022 1 2 1 4 8 |
2021 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 2022
8. TANGIBLE FIXED ASSETS
| 8. | TANGIBLE FIXED ASSETS | |
|---|---|---|
| Computer | ||
| equipment | ||
| £ | ||
| COST | ||
| At 1 January 2022 and 31 December 2022 | 17,355 | |
| DEPRECIATION | ||
| At 1 January 2022 | 14,826 | |
| Charge for year | 632 | |
| At 31 December 2022 | 15,458 | |
| NET BOOK VALUE | ||
| At 31 December 2022 | 1,897 | |
| At 31 December 2021 | 2,529 | |
| 9. | FIXED ASSET INVESTMENTS | |
| Listed | ||
| investments | ||
| £ | ||
| MARKET VALUE | ||
| At 1 January 2022 | 31,011 | |
| Revaluations | (3,714) | |
| At 31 December 2022 | 27,297 | |
| NET BOOK VALUE | ||
| At 31 December 2022 | 27,297 | |
| At 31 December 2021 | 31,011 | |
| There were no investment assets outside the UK. | ||
| Cost or valuation at 31 December 2022 is represented by: |
| Listed | ||
|---|---|---|
| investments | ||
| £ | ||
| Valuation in | 2022 | (3,714) |
| Cost | 31,011 | |
| 27,297 |
continued...
Page 9
THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 12. MOVEMENT IN FUNDS Net movement At 1.1.22 in funds £ £ Unrestricted funds General fund 96,239 (26,619) Restricted funds Awards for All - (2,892) European Social Fund - 11,686 National Lottery Speak Up - 6,692 National Lottery Speakeasy at home - (63) Operational Delivery Network(Stroke Greater Manchester) 869 2,445 SQuIRe (Stroke quality improvement for rehabilitation) - (1,364) 869 16,504 TOTAL FUNDS 97,108 (10,115) Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 38,828 (61,732) Restricted funds Awards for All - (2,892) European Social Fund 15,000 (3,314) National Lottery Speak Up 36,660 (29,968) National Lottery Speakeasy at home - (63) Operational Delivery Network(Stroke Greater Manchester) 4,000 (1,555) SQuIRe (Stroke quality improvement for rehabilitation) - (1,364) 55,660 (39,156) TOTAL FUNDS 94,488 (100,888) |
2022 2021 £ £ 1,210 - 2022 2021 £ £ 1,500 - Transfers between At funds 31.12.22 £ £ 3,737 73,357 2,892 - - 11,686 (6,692) - 63 - - 3,314 - (1,364) (3,737) 13,636 - 86,993 Gains and Movement losses in funds £ £ (3,715) (26,619) - (2,892) - 11,686 - 6,692 - (63) - 2,445 - (1,364) - 16,504 (3,715) (10,115) |
|---|---|
continued...
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THE BURY SPEAKEASY CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.21 £ Unrestricted funds General fund 82,334 Restricted funds Restricted funds 31,599 Operational Delivery Network(Stroke Greater Manchester) 869 32,468 TOTAL FUNDS 114,802 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 65,576 (54,849) Restricted funds Restricted funds 39,867 (71,466) TOTAL FUNDS 105,443 (126,315) |
Net movement At in funds 31.12.21 £ £ 13,905 96,239 (31,599) - - 869 (31,599) 869 (17,694) 97,108 Gains and Movement losses in funds £ £ 3,178 13,905 - (31,599) 3,178 (17,694) |
|---|---|
RESTRICTED FUNDS
The SQuIRe fund was awarded in the current year and some initial costs have been incurred. The funds for this grant were not received until 2023.
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 11
THE BURY SPEAKEASY CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| INCOME AND ENDOWMENTS Donations subscriptions and grants Donations Grants Subscriptions Other trading activities Fundraising events Training and expertise Stephanie's fund Other income Investment income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Wages Volunteer expenses Rent rates and room hire Utilities Postage printing stationery and advertising Advertising and marketing Sundries Members outings and events Staff travel Office software equipment and support fees Computer equipment depreciation Office repairs and maintenance Support costs Management Insurance Bookkeeping Accountancy Independent examination fees |
2022 £ 8,191 68,460 8,038 84,689 3,287 6,260 - 140 9,687 112 94,488 72,905 - 12,955 699 273 595 1,768 - 150 7,202 632 146 97,325 1,458 128 1,247 540 3,373 |
2021 £ 26,382 56,238 3,383 |
|---|---|---|
| 86,003 5,752 5,843 7,845 - |
||
| 19,440 - |
||
| 105,443 98,361 47 12,720 364 619 - 1,339 3,071 304 3,917 843 523 |
||
| 122,108 1,837 450 1,380 540 |
||
| 4,207 |
This page does not form part of the statutory financial statements
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THE BURY SPEAKEASY CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
| Management Finance Bank charges Total resources expended Net expenditure before gains and losses Realised recognised gains and losses Unrealised gains/losses on fixed asset investments Net expenditure |
2022 £ 190 100,888 (6,400) (3,715) (10,115) |
2021 £ - 126,315 (20,872) 3,178 (17,694) |
|---|---|---|
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 2022
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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.
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We confirm that all assets have been included in the balance sheet.
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We confirm that all assets included in the balance sheet exist.
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We confirm that the charity owns all the assets included in the balance sheet, unless otherwise stated in the accounts.
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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.
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We confirm that all liabilities have been fully recorded in the balance sheet.
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We confirm that all liabilities recorded in the balance sheet are properly those of the charity.
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We confirm that all liabilities have been recorded at a fair value.
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We confirm that there has been no netting off of assets and liabilities.
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We confirm that all income has been fully recorded and correctly classified.
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The charity has not at any time during the year had any transactions with trustees and connected parties.
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The charity has no contingent liabilities.
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There has been no event since the balance sheet date which requires disclosing or which would materially affect the amounts in the accounts.
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The charity has not entered into any charitable commitments.
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The charity has received grants during the year that are restricted funds. At the balance sheet date the following funds were still available to be utilised next year :
European Social Fund £11,686 Operational Delivery Network £ 3,314
The SQuIRe fund was awarded during 2022 and expenditure was incurred however, the grant was not received until during 2023 and as such at the balance sheet date the fund is in deficit by £1,364.
Yours sincerely
Signed on behalf of the board
D Morton – Trustee
Date : 11 September 2023