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REGISTERED COMPANY NUMBER: 10752538 (England and Wales)
REGISTERED CHARITY NUMBER: 1193117








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
10752538 (England and Wales)

Registered Charity number
1193117

Registered office
Ffwrnes Fach
Ffwrnes Theatre
Llanelli
SA15 3YE

Trustees
S J Ackery
C A Smith
A D Franks (resigned 20/9/2022)
I Hefin
S M J Harries (appointed 5/7/2022)
C L Anson-Harries (appointed 6/7/2022)

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 12 December 2023 and signed on its behalf by:





I Hefin - Trustee

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 3 865 - 865 20

Charitable activities 5
Projects 105,597 261,473 367,070 199,524

Other trading activities 4 6,996 11,950 18,946 8,000
Total 113,458 273,423 386,881 207,544

Expenditure on
Charitable activities 6
Projects 22,637 272,084 294,721 207,327

NET INCOME 90,821 1,339 92,160 217


Reconciliation of funds
Total funds brought forward
As previously reported 28,192 13,421 41,613 40,842
Prior year adjustment 13 (554 ) - (554 ) -
As restated 27,638 13,421 41,059 40,842

Total funds carried forward 118,459 14,760 133,219 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 24,407 8,212 32,619 31,560

Current assets
Debtors 16 69,362 - 69,362 31,048
Cash at bank and in hand 87,117 6,548 93,665 72,320
156,479 6,548 163,027 103,368

Creditors
Amounts falling due within one year 17 (16,685 ) - (16,685 ) (9,529 )

Net current assets 139,794 6,548 146,342 93,839

Total assets less current liabilities 164,201 14,760 178,961 125,399

Creditors
Amounts falling due after more than one year 18 (20,742 ) - (20,742 ) (24,093 )

Accruals and deferred income 20 (25,000 ) - (25,000 ) (60,247 )

NET ASSETS 118,459 14,760 133,219 41,059
Funds 21
Unrestricted funds:
General fund 107,738 22,102
Designated fund for projects 10,721 5,536
118,459 27,638
Restricted funds 14,760 13,421
Total funds 133,219 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 12 December 2023 and were signed on its behalf by:





I Hefin - Trustee

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 - 25% on cost
Motor vehicles - 20% on cost

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 - 865 20

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 18,946 8,000


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
367,070 199,524

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 8,845 6,089
Deficit on disposal of fixed assets - 83

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 96,705 67,544
Social security costs 4,932 -
Other pension costs 2,682 1,063
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) 3 3

No employees received emoluments in excess of £60,000.

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 20 - 20

Charitable activities
Projects 183,004 16,520 199,524

Other trading activities 8,000 - 8,000
Total 191,024 16,520 207,544

Expenditure on
Charitable activities
Projects 196,821 10,506 207,327

NET INCOME/(EXPENDITURE) (5,797 ) 6,014 217
Transfers between funds (7,226 ) 7,226 -
Net movement in funds (13,023 ) 13,240 217

Reconciliation of funds
Total funds brought forward 40,661 181 40,842

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 8,329 31,800 40,129
Additions 9,904 - 9,904
At 31 March 2023 18,233 31,800 50,033
Depreciation
At 1 June 2022 4,329 4,240 8,569
Charge for year 3,545 5,300 8,845
At 31 March 2023 7,874 9,540 17,414
Net book value
At 31 March 2023 10,359 22,260 32,619
At 31 May 2022 4,000 27,560 31,560

16. Debtors: amounts falling due within one year
2023 2022
as restated
£    £   
Trade debtors 49,411 5,300
Other debtors 675 675
Social security and other taxes 4,266 -
Wages 250 -
Accrued income 14,250 25,073
Prepayments 510 -
69,362 31,048


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) 4,021 4,021
Trade creditors 8,024 -
Social security and other taxes - 2,942
Wages - (56 )
Pension 692 552
Accrued expenses 3,948 2,070
16,685 9,529

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 25,000 60,247

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 ) 90,821 118,459
Restricted funds
Restricted fund for projects 13,421 - 1,339 14,760

TOTAL FUNDS 41,613 (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
113,458 (22,637 ) 90,821
Restricted funds
Restricted fund for projects 273,423 (272,084 ) 1,339

TOTAL FUNDS 386,881 (294,721 ) 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.