The Speedwell Ti"ust Limited Ti'u5tees' Repoi't Tlie liuslees, wlio are directors for the puiposes of conipany law, pi'e5eiit tlie annual rcpoi* togetliei. with tjie rii)aiiGial slatemeiits of Ilie chai'itablc compally for the yeai. ended 31 March 2023. Objectlves Aiid activitles Objecls oiifl ai1113 The Speedwell Tiijsl Liniited is a rcgistci'ed charity and coinpany Limited by Guai'anlee. It is our ainbilion lo ci'eate a bettei. woi'ld foi. chilth'en and yowig people by using a natuie-based appi'oacli to irti)ove baLY'iei's through 0. pi'ogramnies and by equipping cliildren and yoiu]g people aiid their families with tlie skills Theeded to ovei'Loi)ie adversity, be i'csilient alld be able to deal witli the cliallenges life eaii briiig and iespond as caretskers of tliei)Iselves, eacli oilier and Ilie world around Uiein. In this reporting period we coinpleted an Incorpor3Lion process clnging froii) the legal siaths of a Ti'ust to tliat nf a cliai'itable l.iimited Coinpany. As a result of Ilie incon)oration process we wei"e I'equired to i'e-iegist¢r as a cliai'ily. Wit51 ¢ffecl froni I st Api'il 2022. we becamc The Specdwell Tiust Liiiiitcd, wliicli Iiils ihe saiiic focus, ainis and objectives as Ilie pi'evious cl)aTiiy. As Iliis is the firsl year of incory)oration. no coniparative figui'es &re sliown in the Accounls. We have four key ar of foCS wl)ich are: Sl)ai'ed Education - lielping to break doivn barriers and ci'eate a Iiiore inclusive socicty and to cquiij chilth'en and young people with dic skills and knowlcdge to bring abou¢ posiUV¢ alld lastiiig change. Eco-education ediicating cliildren and young people about the nanji'al world and equippin8 tlieni with tlie skills aThd urtdeiElaiidiiig on how they Can play & role An safeguai'ding the woi'ld around tlieiii. Wellbeing - iising Ilie forest, we takc a nawre-based approacli to delivei. woodlaiid wellbeing progran)iiies to Iielp ¢liildren and young people understand how to look &fter tlieir pliysical and iiiental liealtl) and wellbeing. Fainily Support- working with parents and carers to help them develop d)e skills, confidence aiid i'esilience to nurlure and develop tl)eii' children. Page 2
The Speedwell Ti"ust Limited Trustees, Report Piiblic beiiefil Tlie benefits that flow directly from the pwpose are". (ia) tbe advanccinent of huinan rigiits, reconciliation and tbe piomotion ot" religious and racial harmony and equality 2nd diveiBity tlii'ou81i tlie delivery of piDgroirnnes tliat eiicoui'age positiv¢ bcbaviour, lolu'aiice and njuttial respect towards oiie allother leadiijg lo a bcttei. sliai'ed fulure for all in society (ib) the advancllent of ¢ducatioii and enviyonmenlal pi'oteclion via tlle developilleiit of young people as coiilribulors lo the economy and Ilie enviromneiil through educalion foi. .siislainable developnient le&diiig lo employnienl, reduclion in poverty, uneiiiploynlent and ath ove1711 bctlei- quality of life (li) Ilie advaiiceinenl of ciliienship and coinjnunity development as a result of our long standing Ltlatioiiship with scliools, who al'e the gaieway to Ilie wAdei' Cojlllnunity developing links wilh Plll'ents, families, exteiidcd faI1]IeS, tea¢her8, friends, local groups, volunteers etc (iii) streiigtlieniiig and suppoiling similAI' groups lo rilier advance i'espect Tliese benefits can be evidenced by recoi'ds kept in Ilie Iiuiiibers of cliildreii pai'ticipating in woi'ksliops aijd p1.ograi1]¢s on a daily bL8is. evaluations coinpleted by teacliei's oll pi'ogi'anii))e conleiil and relcvon¢e, coinihents on out. webpage, internal assessment of progiainme conlenl, eX1.D81 sueys, pl)oto and video evidence, &nt)ual i'eporting lo fundei's and suppoi'ieis and also extemal audits. The possibility of Iiai'ni, for exainple pl)ysical injury inciiiTed in Ilie 'oiitdoor environinen¢' is ouLweiglied by (lic benefit of exercise. fi'esli air and learning 'oiilside Ilie cl8ssroom' by U)e policies and procediircs in place to addi'es5 such iisks e.g. cliild pi'otection policies, l)ealt]i and safety policies, for&st prograuune ii8k assessinents, 'Oup safety at walei. IDaigins policy ¢tc. The chai-ities beneficiai-ies are cliildi'cn, young pcople. parents and widei. coniinunity iii Noiiliern Ji'eland and bordei. counties i.c. Monagl)an & Doncgal. Specific projccts niay addr¢ss paiticulai. coiincil airas such as tlie Mid Ulslei. district and those aforenlentioned in the applicalion. No pi'ivate benefit is obtained by the TsleeS as a i'csult of tlie puOseS. The lrnstees cotifirn) Iliat tliey liave taken cognisance of tl)e Cliarily Conimissioi) for Noitl)ei'n Ireland's lida1]Ce on public benefit as defined in di¢ Cliarities Act (Northem Irelaiid) 2008. Page 3
The Speedwell Trust Limited Ti"ustees' Repoit ALtivAties gnd Pi'ojects Report Diiiing 11)e repoLting period we worked alinosl 5500 cllildi'en througli tile delivery of 144 progi'ainmes in Pai'kaLiaur and in schools. We also worked willi more tlian 1500 parcnts and cliildrcn ilirougl) oui. fainily siippoit progi'omnie. Sliared Kduefitloii The majority of oiii- sliared education work tlils yeai. was delivered tlumiugli facilitation ofi)ro81'anlliies with local scl)ools. A total of 260/0 of our clltire pi'ograll)me delivery, foi. tlie Ye., was iii relation to Shai'¢d Edv¢alion. This ijjvolved woi'king with pairs of schools wl)o rwne together oli the Speedwell site at Parkanaur lo woik ikn'ougli a L'ange of progiammes designed to support greater conjmullity cohesion, IrlaLionsliip building and undeislallding. Wotsdland Wellbeing Having secui'ed fuiiding from a nuinber of sources, we were able lo offer the Woodland Wellbeing programine lo local cliildrei), via their scliools foi. free. A total of 40 /0 of all prograinines delivered iii the repoilii)g period wcre for Woodland Wellbcing. Tlie focus of ihis programme is io u¢ilisc tlie beiiefits of natui'e aiid beiftg ouldooi's to support bcllei. pl)ysical and iiienlal lieallh and wellbeing for ¢liildirii. Tlie responBe to Iliis progranimc lias been phenoinenal and Ii&s bcllefitted fi'oLll funding froiii Ille Magdalen Hospital Trust, Nationwide oiid the Ii'eland Fiinds. Tlie Woodland Wellbeing programme lias been bcneficial on so many levels. It allowed young childrcn lo spend lime ouldooi's lo connect with natwr, to leani abollt tlic benefits of naluir on Ilieii. pliysical aiid Jnenlal licaltli and wellbeing to spend timc connecting witli and playing wilh thcir peer '0UpS wljere they were able lo leain ncw skills, devclop a bettcr underst8nding of the world aroiind them 8iid Inost jinpoltItIY to feel saf¢ and l)&ve fjJn again. Seasonal Pi'ogi'aiiinies In Ilie Silliuner we welcoilled Rlinosl 200 childieii to the Summer Sclienie. In tol81 we held 5 weelo8 of Suiniiier Scliei1)e. Oiie of Ilie weeks was fviided by Ilie Magdalen Hospi(al Trust and Ilie reiiiainder of Ilie weeks were suppoi'*d by fiiiidiiig froiii Il)e National Lottery Comniunity Fund - Together for Our Planet, wliicli lielped us to off-set Ilie costs of atlendinB Ilie Suiiinier S¢hen)e, Inaking il higllly affordable for local fainilies. Tlie Suinttier Sclieftie had a stroiig eco aiid envii'onmentsl dieine. We also offered Flalloween and Wiiiler Wonderland programmes in tl)c reporting p¢riod. Natinnal Lntteiy Platlnum Jubllee Fuiid - Naturc Nurture Dui-ing tile i'epoiling pcriod we were deliglilcd io be one of 70 organisalions across tlie UK to be awai'ded a grant fi'oin the Platinum Jiibilee Fiind, as part of the celebrations of HM Queen Elii.abeth's platinuin jiibilee. Our project, Natui'e Nurture w8s awarded £50,000 ovei. 2 yeArs with a focus on woi'king witl) yoiing cliildr¢n to develop tlieiL skills, knowledge and enthusiasm for horticultuit and tlie cnvii'onmenl. Woi'king iii paitneiEIIip with Casttccaulfield 140rticiiltural Society we commfflced WO on diis 2-yeai' project. During tb¢ reporting period, we delivered the programme to 47 cbildren witli plans to work with more tlian 180 chilth'eii next year. The feedback froni tlie childi'eii and their fainilies has been overwhelmingly positive. 100 /0 of cliildi'en enjoyed taking pait in tliis Pi'oject. 980/0 of cliildren stated that they knew IrKJre About natw'e, dje enviroillnent, attd planting and gi'owiiig after attcndiiig tliis projccl. 95 % of children slated iliey liad a better understanding of tlie eco-SyStcAn and how to prolect it. 98 1 of chÈldi'eii would reconunend this pi'ojecl lo tlieii- friends. Page 4
The Speedwell Ti'ust Limited Trustees, Report Pareiital fecdback.. "A big Iballks lo all involved in the nurture lo natuir program. My son liad a grcal lime and really enjoyed it. He is veiy cniliiisiastic about getting outdoors and using liis Iicw lools. We hope as a faniily we will be able to use Ilie knowledge and tools Micliael received 10 and plant lil Oul. 8arden ai l)ome. Thanks again to all Staff foi- delivcring siicl) a higl)-quality PlX)gi'8mme!" Nuineroiis parent5 also i?ng lis to say how much tiieir child cnjoyed the progra1ne - wÈth one child asking foi. a glrenhousel Fainlly Suppoi't Dui'ing dLe i'eporting p¢iiod we entei'ed a new plwe with fainily support. The LA)ttery funded sofT (Suppoi'ting Ow. faniilies Togethci.) project had ended, but researcli had demonslralcd a slroi)g need for ongoing family suppoit. We were foi'tutiate to secure fidIllg froni tile Dcpl foi. Healili Meiilal Healib Support Fund and Coinic Relief to fiind tbe cost5 associated witii the delivery of family support iii tlie poi.¢1ng i)eriod, as well as soine additional futtding fron) Ilie Aits Council Nl foi. soni¢ Arts-based family prograniines. Mental Health Programines: We delivei'ed two meiilal Iiealch prograinmes to Jlinost 230 cliildren. Tliese progra11nc& were designcd lo support cliildren and fainilies to Icai'n about wliat good I]1 health look.s like, leai'n pi'aGLi¢al ways to SUPPOT¢ Ilieinselves and spend time oiitdoors lo in)prove wellbeing. Every cliild reccived a lalce lioine i'esoiii'cc to sliai'e witl) Ilioii. pai'entlcarci. on liow lo support thcir faiiiily's in¢iiial health wilh the learniiig fi'om tl)is piY)gi'ainnie at Iiomc. Woodl*nd Wellbeing: Woodland wellbeing was dclivered in partneiEI)ip with Speedwell Pi'ograinmes Icain tai'geting childi'en in p1-2, Many of Ili¢s¢ childi'en liad missed oiit on social oppoituiiities dwiiig their cai'ly ye81'8 duc to tlie paiidemic 8iid as sucl) were fiiidiiig the li?nsilion lo priniary school very C111¢ng[ry8. Botli schools ]d pareiils I'epoi'lcd 8 noticeable deficit in social skills, ¢oniniunicaiion skills aiid Ilie children's coiifiden¢¢. This pi'ograiiinie ulili8ed outdoor lenIllg to introduce the concept of mental health in ali age &pi)ropriate and fijn way. Every cliild r¢¢eived a take hoine resource lo sl)are witl) tlieir parentlcaicr oil how lo suppoit Iheii. fainily's mental l)eallh with tlie learning finin Iliis progi'aiwne at lloiiie. The scliools also received tliis resoui'ce along witli thrill. information on Speedwell Faniily Support service. ri&mlly Bondlng and Ivellbelng retreats: Tlieqe events wei'e orgaiiised for the puiyose of identifying f&iiiilies in iieed and witli a view tliat tlic fainilies attending would beiiefit due to mental liealtli, low income, 60eial isolation, social skills & confid¢n¢e. Almost 360 people look pail in this series of events and prograjnmes and the fcedback deiiionslrated botli a Iieed and a posilive impact. Pai'ent Feedback "HAv&ng i'etiirned to work full time recently I feli I wasn't getting the s8tllc oppo1.nitIeS to spend qiiality time witli iny cliildren, the retreat was Ilie perfect i'eiiiedy to tliat. It allowed us to cliAI and speiid limc togethei in calm and engagiiig cnvii'oiuneiil, lliaking metnories attd irconnecling. We Inet otha lovely families too. I would love the ch&nce lo allend anothel I'etre4t." THINK Pi'ogi'ai))Jne lil scllools: Almost 300 cbildrerL participated in the THtNK progi"amnie, designed to help children to better undeiBtand Ilieir worries and emolLOI)s, and lo find belter ways of coping when Ibings stait to feel overwlielniiiig. . Befoi'e attending Ibe Tbiiik piograiiiilie, 270/0 of cliildren knew what a trust person is. After atlending tlic Tl)ink programnie, 92/0 undtislood wbat a trust person is. Beforc atlending tlie ThirLk progrwnme, 190/ob of cliildreii knew Ilie naines of diffeiriit WOiTies. Afta. attendiiig Ibe TLiink pi'ograttmie, 820/0 understo1 the nan)&8 of differellt wory. Page 5
The Speedwell Trust Limited Ti"ustees' Report Before attending tlic TI)ink pro.lnie, 270/0 of children uoderstood wliat tlie size of a problein meant. Aftej. atlendii)g the Think progi'asiunc, 910/0 undeistood wlwt tlie size of a pi'obleiii ineant. Befoi'e attending the Tliink pi'ograninie, 521/bo of cliildirn knew wlio to go lo if thcy liad a big PToblem. Aftei. attending Lhe Tliink programme, 950/0 knew who lo go to if Iljey have a big problein. Cnunselling? Art And Play I'lierapy Diii'ing tlie I'epoiting pei'iod we delivered 121 counsellingltherapy scssions to 27 individuals who were dealin8 with a l'ange of issiies froni poor mental Liealih. domestic violence, challenging family relationsliips, fillanci81 wonies and niany inore. The feedback denionstrated a hugeky positive impact. TIIAiII< you We are inlniensely grateful lo all oui. fid, partnei's, partlcipating schools, pai'ents and childi'en and vo5unleei's, We are also grdteful to the staff who worked ditigelltly to deliver oui- pi'oje¢ls aiid seivi¢es. FuThd¢ in this period include: National Lotlery Coinniuiiity Fui)d - Platinuiii Jubilee Fund National Lottery Coinniuiiity Fund - Together for our Planet Ai'ls Council Nl • Dept of Healili - Meiilal Healtli Support Fuiid Coinic Relief Magdalen Ilospilal Tnisl 4 Nationwide Tlie Ireland Funds The Edwai-d Gostling Foiindation Dept foi. Coinmunilies Siai'l Here fund During Ilie year we appointed: Gilliaii M¢Keown - Trusts & Gi'aiits Fundraising Mtlnager Ooiiied June 2022) Maiyain Adam - Fainily Support Worker (ioincd June 2022) PadL'aig Qui1- Prograninies knistant (ioined July 2022) Tliey joined exisiing slllff., Fi iona Bl'own - Cliief Executive Siephei) Crllbbe - Senioi. Pi'ogrammes Coordinator Jodie Jackson - Progi'ammes Cooi'dinator Dui'ing tlie year we bade fairwell io.. Gilliaii McKeown - Tiusls & Gi'ants Fundyaising Manager (left Dc¢ 2022) Tara Gilkinson, Senior Family Supporl Woi'ker (left Mar 23) Kiih M¢Farland, Fainily Support Workei. {Icft Mar 23) Page 6
The Speedwell Ti'ust Limited Ti'ustees, Repoi't Sti'uctures govei'ngllee aiid m2nageinent Policji oil vesei'ves The cliaiity's policy is to i-etain a level of unrestricted ierVeS, wliicli inatclies the nccds of tlieTYust both at tlie iii'rent timc and in tlie foi'eseeablc futurc, and which is suiftcient to cover any shortfalls in fiinding. At 31 Mai'Lh 23 11)e charity's iinrestrictcd fvnds weTe £83,118, whicli includes deSIgnad funds tolalling £60,786. Fl'ee i'cserves at 31 March 2023 weir £22,332 which represents approximately l Jnontb of expejjdittiit. r+ jiiaiiciftl ins(i'uments Objeclives uiiilpolici&f Tl)e cl)arity's activities expobe it to a iiumber of financial risks including credit i'isK casli flow I'isk and liquidity risk. Tlie iise of finaiicial derivatives is governcd by ilie cl)ai-ity's policics appiDvcd by Ilie boail of tiiistees, wliich pi'ovide writleii principles on tlic vs¢ of financial derivatives to manage diese risks. The cl)aiity does not use dei'ivative financial insliMmcnls for sp¢culative pui'poses. Casliflow i'isk Tlie cliarity's a¢livili&8 expose it priniarily to Ihe finaiicial risks of cllangcs in foreign ciirrency excliange ralcs and interest rates. Tli¢ chaiily leS foreign cxcliangc foiivard eoiilracls aiid iiilerest lite swap conliacls lo liedge llie.se exposui'es. Interest bearing assets and liabilities are lield at fixed rate to c¢ilainty of cash flows. CJ'ediÉ n'sk Tlie charity's priiicipal financial assets al'e bank balances and casli, trade and otlier receivables, and investsnents. Tlie cl)ai'ity's credit i'isk is pi'iinarily alti'ibutable to its trade rec¢ivAbles. Tlie aniounls presented iii Ilic balance slieel are iiet of allowances foi. doubtful receivablcs. An allowance foi. inipainnent is Inade whei'e iliere is ali identified loss event wliicli, based on pitvious expei'ience, is evidence of a I'cduclion in ilie recoverability of Ilie casli flows. Tlie credit risk on liquid fiirtds and derivative financial insliwmenls is liniiled because the counleip8rlies are banks witli liigli ci'edit-ratings assigncd by inleii)8tional credit-i'ating agencics. Tlic chayity lias no significant concentratioi) of credit i'isk, with exposuTe spread over a lai'8e nuinber of coiinterparties and ¢ustoiners. Liqiiidlty risk In ui'dei. lo inainiain liqiiidity lo ensure that sufficient funds att available for oiigoiiig operntions and fure developnienLs, the charity uses a mixtuir of long-t¢im and Sholt-MI debi financc. FLirllier details regaixling liquidity risk CMD be found in the Statenienl of accoullting policies in the financial statcments. The annii&l ropoit was approved by the lii]slees of the cbarity on 31 July 2023 and signed on its behalf by: Law'a Swaile (Chaityffl'son) Tlustee Page 7
The Speedwell Trust Limited Statemellt of Trustees, Responsibilities Tlic ti'ustees (who al'e also tl)e directors of Tiie Speedwell Trust Liniiled foi. Ilie puiyoses of coinpaiiy law) al-e I'espoi)sible foi. Pleparing tlie li'uslees, i'eport and the financial ststeinenls in accordance willi the Unitcd Kingdoin Accouiiting Siandaiyls (United Kii)gdom Geiiei?Ily Acccpted Accounting Practice) and applicable law and ¥eEiilalions. Conipany law i'equiirs Ilie liwlees lo prepare finaiicial statenients for eacli finaiicial ye41'. Undei. eonipany law the trustees niusl not approve tlie financial statenients unless iliey ale satisfied that diey give a tiwe and fail. view of llie slate of affaiis of t]ie charitable ¢onipany and of its iiicoiiiing i'esources and application of i'csources, including its uicome and expenditui'e, for that pei'iod. Ill prepaillng th&ge financial slateiiiei)ts, the Ite¢S are i'equii'ed lo.. select siiilable accounting policie% wid apply tbem eonsislently. obseive the methods and principles in the Charities SOIiP' make judgements and estimates Ibat are reasonable aud pNd¢nt' slate wlieil)ei- applicable UK Accoiinting Standards liave been followed, subje¢l to any niaterial depa1.li.¢5 disclosed and explained in tlie financial slateinents; and pi'¢pai'e th¢ fiiiaiicial slateiiieiits on tl)e going concern basis unless it is inappropriate lo prcsume that the chai'ilable coii)p8ny will coi)linue in busi11&8S. Tlie Iruslee5 are i-esponsible foi. keeping adequate accounting recoids tliat are 8ufficient to siiow and explain tlie cliarilablc coinpany's li'ansaLtions and disclose willi IEasonable accui7cy al any liine Il)e finanLiul position of Ilie cliai'iluble company and enable Ilieni lo lsUre thai the fiiiallcial staleinen15 coinply willi Ilie Coini)ai)ies A¢t 2006. Tliey are also responsil)le for safeguarding tlie assets of tlie chai'itable conjpany 8nd lience f. taking reason&ble steps foi. (lie pi'cvci)lion and delcction of fraiid and otl)er ii'i'egulai-iliL8. Approved by rhe trustees of the charity 011 31 July 2023 and signed on its belialf by: L'a Swaile jcliairpei'soii) Tii]slee Page 8