REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
FOR |
PEOPLESPEAKUP LTD |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
FOR |
PEOPLESPEAKUP LTD |
PEOPLESPEAKUP LTD |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
Page |
Report of the trustees | 1 | to | 4 |
Independent examiner's report | 5 |
Statement of financial activities | 6 |
Balance sheet | 7 | to | 8 |
Notes to the financial statements | 9 | to | 20 |
PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538) |
REPORT OF THE TRUSTEES |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 June 2022 to 31 March 2023. 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 report of the trustees also incorporates a directors' report as required by company law. |
Objectives and activities |
Objectives and aims |
Objectives |
During this financial period our main objectives were to deliver services that met the needs of our community, partners and stakeholders by working to our objectives set out in our Articles of Association. In summary our key objectives are: |
- | To continue to meet the needs of our community, partners and stakeholders. |
- | To deliver all projects as planned and on budget. |
- | To continue to work with all ages, so people have the time and space to find their voice. |
- | To support the wellbeing of staff, freelancers and volunteers in the work place. |
- | Develop a community garden at The Ffwrnes Fach. |
Vision |
To create a space for people to find their voice. |
Mission |
To connect people, creating healthy, resilient communities through storytelling, spoken word, creative writing and participatory arts. |
Public benefit |
The trustees of the charity are committed to providing a public benefit and have taken into account the Charity Commissions guidance into this area. We aim to adopt a theory of change structure where we work from need to delivery, to evaluation to strategy. People Speak Up (PSU), creates projects by the people, for the people through direct referrals from our partners and walk in's from the communities we work in and around. Collaboration with key partners is important to our growth and learning experience as a third sector organisation. |
PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538) |
REPORT OF THE TRUSTEES |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
Achievement and performance |
Charitable activities |
- | Continuation of contracts for 2 full time and 3 part time staff. |
- | Continuing to deliver contracts with Hywel Dda University Health Board on designing an arts and health project for children and young people to support mental health issues - Arts Boost, a Creative prescribing café project for the community, third sector/ arts organisations and the development of an applied storytelling health board staff wellbeing programme. |
- | Continuation of Contracts with Carmarthenshire County Council; firstly, with Community Preventative services on supporting older people in the community/ homes and secondly with Family Information childcare & Play team services to support children and families in outside play. |
- | Delivered 700 sessions (Ffwrnes Fach, Out & About, home visits). |
- | Total Participatory attendance 4,100. |
- | Provided a service for 2,806 individuals. |
- | Fully Embedded wellbeing programme for staff, volunteers and freelance artists, fortnightly one to one drop-in sessions with Wellbeing coach, Ali Franks. |
- | Developing the lease with Carmarthenshire County Council for The Ffwrnes Fach, Arts, Health and Well-being Hub in partnership with Carmarthenshire County Council and Llanelli Town Council. |
- | Increased numbers across the developing weekly arts and health programme at The Ffwrnes Fach: - Over 50's social, Arty Afternoon, schools' engagement, direct engagement with Syrian refugees, pop up events in partnership with The Llanelli Multi Cultural Network, Arty Afternoon, Story Care and Share, People Sing Up, Street Play, Young People Speak Up, Elevenses, Men in Conversation, Neuro Speak Up, Spoken Word Saturday. |
- | Community Garden in development at The Ffwrnes Fach. |
- | Co designed and delivered a partnership project with Y Egin/ University of Wales Trinity St David, Llais Caerfyrddin for the Local Motion Carmarthen Project. Fully embedded in the core group and supporting recruitment of staff and artists to work with the people of Carmarthen town. |
- | Designed and delivered 'Voices of Tyisha' a creative community consultation gathering as part of a Carmarthenshire County Council commission to give the community a voice. |
- | PSU supported by Unltd on measuring social impact. |
- | Networks consist of: Fusion (Carmarthenshire County Council ) WAHWN, CAVS, WWAMH, Tyisha Community, Play Steering Group CCC, Beat the streets, Age Cymru. |
- | Carmarthenshire Dementia Coalition Member. |
- | A member of The Carmarthenshire United support project with Age Cymru Dyfed, CAVS, Hywel Dda University Health Board, Carmarthenshire County Council, Carers Trust, Care & Repair, British Red Cross. |
- | Partnership with Beyond The Border storytelling festival: Mycelium Hub project. |
- | Designed and delivered creative community consultation for Carmarthenshire County Council to feed into Carmarthenshire Wellbeing Strategy. |
- | Ffwrnes Fach used as a warm hub, enabling the development of the Creative Cwtch and Tech Hub at The Ffwrnes Fach. |
- | Llanelli writers circle hold monthly meetings at the Ffwrnes Fach. |
- | Inter gen world cup project - Y Wal Goch, supported engagement with new groups in Llanelli. |
- | E Shaw supporting University of Wales Trinity St David and Coleg Sir Gâr in developing a BA Hons in Creative arts therapy degree. |
- | Inaugural Llanelli Town Lantern parade in partnership with Tyisha regeneration team, further community engagement and large profile event. |
- | Staff training: staff visioning January 2023, ABCD, Dolan Tefi Minibus driving, Open Play Level 2, safeguarding, first aid. |
- | Heads up - testing out an evening project at The Ffwrnes Fach, delivered by Bill Taylor Beales. |
- | Elevenses Dementia sessions have expanded to delivery in Carmarthen post Llais Caerfyrddin Project where need was demonstrated. |
- | Frontline - PSU's 2nd publication, edited by Rufus Mufasa, published by Dominic Williams, a book to celebrate the PSU community voice. Commissioned to Rufus Mufasa by Literature Wales. |
- | PSU supported Bethan Marlow with Madison film project. |
- | PSU provided a two-month placement for 2 Applied drama students, one of those students has become part of the freelance staff. |
PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538) |
REPORT OF THE TRUSTEES |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
- | Working in partnership with Beyond The Border on delivering anti-racism storytelling pathway project, funded by the Welsh Government. Implementing strategies, developing projects and a long-term action plan for PSU and our community. |
- | Increased development in the Welsh language delivery across all the programmes with more Welsh language freelance staff and specific engagement with Ysgol Strade, Llanelli. Welsh language lessons for staff with MCGE. |
- | Pod Siarad visited Llanelli, Carmarthen and Llandeilo. Highlight for the pod was being used as a tail gate stage at Beyond The Border International storytelling festival. |
- | International Women's Day and International Children's Day/ pop up community events working in partnership with Llanelli Multicultural Network, main partnership with the Polish community. |
Financial review |
Financial position |
Total incoming resources for the period amounted to £386,881 (2022: £207,544). Resources expended amount to £294,721 (2022: £207,327). The net surplus for the period is £92,160 (2022: £217). |
The total net reserves at the balance sheet date are £133,219 (2022: £41,059). Unrestricted funds total £118,459 (2022: £27,638) and restricted funds total £14,760 (2022: £13,421). |
Reserves policy |
The charity's policy on reserves is to keep a minimum in general funds to run the organisation for 3 months. |
Future plans |
- | To apply to The Arts Council of Wales Investment review for longevity in funding and support. |
- | Maximise access to our services by using the building and Pod to their full potential to increase our reach across South West Wales. |
- | Grow, not stretch, the delivery and support team, ensuring wellbeing and appropriate remuneration are a priority so we can effectively deliver our services. |
- | Become sector leaders in Arts and Health in the delivery of arts on prescription commissions and development of the next generation of practitioners to create a legacy for the future. |
People Speak Up would like to thank and acknowledge: PSU Team, our passionate creative well-being practitioners, admin support, writers, poets, storytellers, artists, all partners, funders and stakeholders and to all of our speak up community for sharing and listening from the heart. |
PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538) |
REPORT OF THE TRUSTEES |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
Structure, governance and management |
Governing document |
The charity is controlled by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
PeopleSpeakUp operates to an informal, open-door methodology in appointing new trustees and are currently creating a formal policy. |
Reference and administrative details |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
Mark Howells FCCA |
Carr, Jenkins & Hood |
3 New Mill Court |
Enterprise Park |
Swansea |
SA7 9FG |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
PEOPLESPEAKUP LTD |
Independent examiner's report to the trustees of PeopleSpeakUp Ltd ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. |
I have completed my examination. I confirm that no 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 Company as required by section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
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. |
Mark Howells FCCA |
Carr, Jenkins & Hood |
3 New Mill Court |
Enterprise Park |
Swansea |
SA7 9FG |
12 December 2023 |
PEOPLESPEAKUP LTD |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
Period |
1.6.22 |
to | Year Ended |
31.3.23 | 31.5.22 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
as restated |
Notes | £ | £ | £ | £ |
Income and endowments from |
Donations and legacies | 3 |
Charitable activities | 5 |
Other trading activities | 4 |
Total |
Expenditure on |
Charitable activities | 6 |
NET INCOME |
Reconciliation of funds |
Total funds brought forward |
As previously reported |
Prior year adjustment | 13 | ( |
) | ( |
) |
As restated |
Total funds carried forward | 41,059 |
PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538) |
BALANCE SHEET |
31 MARCH 2023 |
2023 | 2022 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
as restated |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 15 |
Current assets |
Debtors | 16 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 17 | ( |
) | ( |
) | ( |
) |
Net current assets |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 18 | ( |
) | ( |
) | ( |
) |
Accruals and deferred income | 20 | ( |
) | ( |
) | ( |
) |
NET ASSETS |
Funds | 21 |
Unrestricted funds: |
General fund | 107,738 | 22,102 |
Designated fund for projects | 10,721 | 5,536 |
27,638 |
Restricted funds | 13,421 |
Total funds | 41,059 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023. |
The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. |
PEOPLESPEAKUP LTD (REGISTERED NUMBER: 10752538) |
BALANCE SHEET - continued |
31 MARCH 2023 |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
PEOPLESPEAKUP LTD |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
1. | Statutory information |
PeopleSpeakUp Ltd is a private company, limited by guarantee without share capital, registered in England and Wales. The registered office address can be found in the report of the trustees. |
2. | Accounting policies |
Basis of preparing the financial statements |
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
The charity constitutes a public benefit entity as defined by FRS 102. |
Going concern |
The trustees have assessed whether there are significant doubts about the charity's ability to continue as a going concern and concluded that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees will only commit to projects when funding is available. This policy is underpinned by available reserves. |
Change of year end reporting date |
The year end reporting date has been changed from 31 May 2023 to 31 March 2023. The period covered by these accounts is the 10 months ended 31 March 2023. As a result of this the comparatives reported in these accounts are not entirely comparable with the current period. |
The year end has been changed to allow the easier reporting of the results from projects undertaken due to the majority of grant providers requiring the results to 31 March each year. |
Income |
All income is recognised in the Statement of Financial Activities when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and the amount can be measured reliably. |
Donations and voluntary income are accounted for when receivable. |
The charity receives government grants in respect of furthering its charitable objectives. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred. |
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank. |
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. |
PEOPLESPEAKUP LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
2. | Accounting policies - continued |
Allocation and apportionment of costs |
Costs are allocated between direct charitable and support expenditure according to the nature of the cost. Where items involve more than one category they are apportioned between the categories 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. |
Equipment | - |
Motor vehicles | - |
Taxation |
As a registered charity, PeopleSpeakUp Ltd is entitled to exemption from taxation in respect of income and capital gain received with sections 478-489 of the Corporation Tax Act 2010 and section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives only. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. Contributions payable for the year are charged in the Statement of Financial Activity and represent the contributions payable by the company to the fund. |
Debtors |
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. |
Cash at bank and in hand |
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account and that are subject to an insignificant risk to changes in value. |
Creditors and provisions |
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. |
PEOPLESPEAKUP LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
2. | Accounting policies - continued |
Financial instruments |
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
Leasing |
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. The related obligations, net of future charges, are included in creditors. |
Rentals payable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. |
3. | Donations and legacies |
Period |
1.6.22 |
to | Year Ended |
31.3.23 | 31.5.22 |
as restated |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Donations | 865 | - |
4. | Other trading activities |
Period |
1.6.22 |
to | Year Ended |
31.3.23 | 31.5.22 |
as restated |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Commissions | 3,000 | 11,950 | 14,950 | 3,000 |
Other income | 3,996 | - | 3,996 | 5,000 |
6,996 | 11,950 |
PEOPLESPEAKUP LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
5. | Income from charitable activities |
Period |
1.6.22 |
to | Year Ended |
31.3.23 | 31.5.22 |
as restated |
Activity | £ | £ |
Grants for projects | Projects | 202,762 | 104,155 |
Grants for commissions | Projects | 164,308 | 95,369 |
Income from charitable activities was £367,070 (2022; £199,524) of which £261,473 (2022; £16,520) was attributable to restricted funds and £105,597 (2022; £183,004) was attributable to unrestricted funds. |
Grants received, included in the above, are as follows: |
2023 | 2022 |
£ | £ |
Arts Council of Wales Create | 85,439 | 64,683 |
Carmarthenshire County Council | 150,503 | 92,699 |
Hywel Dda University Health Board | 27,167 | 4,000 |
CAVS | 52,708 | 11,000 |
Oakdale Trust | 1,000 | 1,000 |
Garfield Weston | 16,458 | 8,542 |
BBC Children in Need | 5,500 | 5,000 |
Pobl | - | 1,250 |
National Lottery Awards for All | - | 11,350 |
Arts Council of Wales Arts & Health | 9,350 | - |
Gwendoline and Margaret Davies Charitable Trust | 3,000 | - |
Local Giving | 500 | - |
National Grid | 9,945 | - |
The Archer Trust | 1,000 | - |
Llanelli Town Council | 4,500 | - |
367,070 | 199,524 |
PEOPLESPEAKUP LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
6. | Charitable activities costs |
Direct | Support |
Costs (see | costs (see |
note 7) | note 8) | Totals |
£ | £ | £ |
Projects | 216,944 | 77,777 | 294,721 |
272,084 (2022: £10,506) of the above costs were attributable to restricted funds, £22,637 (2022: £196,821) of the above costs were attributable to unrestricted funds. |
7. | Direct costs of charitable activities |
Period |
1.6.22 |
to | Year Ended |
31.3.23 | 31.5.22 |
as restated |
£ | £ |
Staff costs | 104,319 | 68,607 |
Facilitators fees | 72,734 | 51,719 |
Project resources | 16,701 | 22,761 |
Performers fees | 4,650 | 5,740 |
Project management | 533 | 10,000 |
Volunteers expenses | 1,282 | 280 |
Project documentation and evaluation | 12,790 | 1,000 |
Translation fees | 935 | 1,650 |
Staff and freelance wellbeing | 3,000 | - |
216,944 | 161,757 |
8. | Support costs |
Governance |
Management | costs | Totals |
£ | £ | £ |
Projects | 72,564 | 5,213 | 77,777 |
PEOPLESPEAKUP LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
8. | Support costs - continued |
Support costs, included in the above, are as follows: |
Management |
Period |
1.6.22 |
to | Year Ended |
31.3.23 | 31.5.22 |
as restated |
Total |
Projects | activities |
£ | £ |
Rent and rates | 4,590 | 10,481 |
Insurance | 2,966 | 368 |
Telephone | 1,860 | 1,471 |
Printing, postage and stationery | 927 | 156 |
Advertising | 6,146 | 3,058 |
Sundries | 18 | - |
Business support | 20,500 | 7,582 |
Training | 3,553 | 1,846 |
Motor and travel | 10,634 | 5,286 |
Venue hire | 174 | - |
Subscriptions and memberships | 6,027 | 5,237 |
Small tools and equipment | 2,115 | 227 |
Refreshments | 3,609 | 516 |
Bank charges | 100 | 90 |
Depreciation of tangible and heritage assets | 8,845 | 6,089 |
Loss on sale of tangible fixed assets | - | 83 |
Interest on late PAYE payments | 72 | - |
Leasing | 428 | 428 |
72,564 | 42,918 |
Governance costs |
Period |
1.6.22 |
to | Year Ended |
31.3.23 | 31.5.22 |
as restated |
Total |
Projects | activities |
£ | £ |
Independent examiners remuneration | 3,948 | 370 |
Independent examiners remuneration for other work |
1,265 |
2,282 |
5,213 | 2,652 |
PEOPLESPEAKUP LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
9. | Net income/(expenditure) |
Net income/(expenditure) is stated after charging/(crediting): |
Period |
1.6.22 |
to | Year Ended |
31.3.23 | 31.5.22 |
as restated |
£ | £ |
Examination of the financial statements | 3,948 | 370 |
Other services | 1,265 | 2,282 |
Depreciation - owned assets |
Deficit on disposal of fixed assets |
10. | Trustees' remuneration and benefits |
There were no trustees' remuneration or other benefits for the period ended 31 March 2023 nor for the year ended 31 May 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the period ended 31 March 2023 nor for the year ended 31 May 2022. |
11. | Staff costs |
Period |
1.6.22 |
to | Year Ended |
31.3.23 | 31.5.22 |
as restated |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
104,319 | 68,607 |
The average monthly number of employees during the period was as follows: |
Period |
1.6.22 |
to | Year Ended |
31.3.23 | 31.5.22 |
as restated |
Full time employees (or equivalent) |
PEOPLESPEAKUP LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
11. | Staff costs - continued |
The total employee benefits of the key management personnel of the charity were 36,050 (2022: £24,499). |
12. | Comparatives for the statement of financial activities |
Unrestricted | Restricted | Total |
funds | funds | funds |
as restated |
£ | £ | £ |
Income and endowments from |
Donations and legacies |
Charitable activities |
Other trading activities |
Total |
Expenditure on |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) |
Transfers between funds | (7,226 | ) | 7,226 | - |
Net movement in funds | ( |
) |
Reconciliation of funds |
Total funds brought forward | 40,661 | 181 |
Total funds carried forward | 27,638 | 13,421 | 41,059 |
13. | Prior year adjustment |
The accounts to 31 May 2022 have been restated. A van purchased on a finance lease was incorrectly treated as an operating lease with the subsequent repayments posted to the statement of financial activities (SOFA) as leasing costs. |
As a result of this restatement, the surplus for last year has decreased by £554 with unrestricted funds also decreasing by £554. |
PEOPLESPEAKUP LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
14. | Independent examiners remuneration |
2023 | 2022 |
£ | £ |
Examination of the financial statements | 3,948 | 370 |
Other services | 1,265 | 2,282 |
5,213 | 2,652 |
15. | Tangible fixed assets |
Motor |
Equipment | vehicles | Totals |
£ | £ | £ |
Cost |
At 1 June 2022 |
Additions |
At 31 March 2023 |
Depreciation |
At 1 June 2022 |
Charge for year |
At 31 March 2023 |
Net book value |
At 31 March 2023 |
At 31 May 2022 |
16. | Debtors: amounts falling due within one year |
2023 | 2022 |
as restated |
£ | £ |
Trade debtors |
Other debtors |
Social security and other taxes |
Wages |
Accrued income |
Prepayments |
PEOPLESPEAKUP LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
17. | Creditors: amounts falling due within one year |
2023 | 2022 |
as restated |
£ | £ |
Finance leases (see note 19) |
Trade creditors |
Social security and other taxes |
Wages | ( |
) |
Pension |
Accrued expenses |
18. | Creditors: amounts falling due after more than one year |
2023 | 2022 |
as restated |
£ | £ |
Finance leases (see note 19) | 20,742 | 24,093 |
19. | Leasing agreements |
Minimum lease payments under finance leases fall due as follows: |
Finance leases |
2023 | 2022 |
as restated |
£ | £ |
Net obligations repayable: |
Within one year | 4,021 | 4,021 |
Between one and five years | 20,742 | 24,093 |
24,763 | 28,114 |
20. | Accruals and deferred income |
2023 | 2022 |
as restated |
£ | £ |
Deferred income |
2023 | 2022 |
£ | £ |
Brought forward | 60,247 | - |
Additions during the year | 25,000 | 60,247 |
Amounts released to income | (60,247 | ) | - |
Carried forward | 25,000 | 60,247 |
Income deferred is wholly related to income received in advance for a project that was delivered after the balance sheet date. |
PEOPLESPEAKUP LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
21. | Movement in funds |
Prior | Net |
year | movement | At |
At 1.6.22 | adjustment | in funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 22,656 | (554 | ) | 85,636 | 107,738 |
Designated fund for projects | 5,536 | - | 5,185 | 10,721 |
28,192 | (554 | ) | 90,821 |
Restricted funds |
Restricted fund for projects | 13,421 | - | 1,339 | 14,760 |
TOTAL FUNDS | (554 | ) | 92,160 | 133,219 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 98,958 | (13,322 | ) | 85,636 |
Designated fund for projects | 14,500 | (9,315 | ) | 5,185 |
( |
) | 90,821 |
Restricted funds |
Restricted fund for projects | 273,423 | (272,084 | ) | 1,339 |
TOTAL FUNDS | ( |
) | 92,160 |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.6.21 | in funds | funds | 31.5.22 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 51 | (54,316 | ) | 76,367 | 22,102 |
Designated fund for projects | 40,610 | 48,519 | (83,593 | ) | 5,536 |
40,661 | (5,797 | ) | (7,226 | ) | 27,638 |
Restricted funds |
Restricted fund for projects | 181 | 6,014 | 7,226 | 13,421 |
TOTAL FUNDS | 40,842 | 217 | - | 41,059 |
PEOPLESPEAKUP LTD |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 JUNE 2022 TO 31 MARCH 2023 |
21. | Movement in funds - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 15,570 | (69,886 | ) | (54,316 | ) |
Designated fund for projects | 175,454 | (126,935 | ) | 48,519 |
191,024 | (196,821 | ) | (5,797 | ) |
Restricted funds |
Restricted fund for projects | 16,520 | (10,506 | ) | 6,014 |
TOTAL FUNDS | 207,544 | (207,327 | ) | 217 |
22. | Other financial commitments |
The charity had total commitments at the balance sheet date of £727 (2022; £1,155). |
23. | Related party disclosures |
There were no related party transactions for the period ended 31 March 2023 nor for the year ended 31 May 2022. |
24. | Limited by guarantee |
The charity is constituted as a company limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. |