Caseware UK (AP4) 2023.0.135 2023.0.135 Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-3163149329472398637521163752122023-12-312023-01-01falseNo description of principal activity11 02525240 2023-01-01 2023-12-31 02525240 2022-04-01 2022-12-31 02525240 2023-12-31 02525240 2022-12-31 02525240 2023-01-01 02525240 2022-04-01 02525240 c:RegisteredOffice 2023-01-01 2023-12-31 02525240 d:FreeholdInvestmentProperty 2023-12-31 02525240 d:FreeholdInvestmentProperty 2022-12-31 02525240 d:CurrentFinancialInstruments 2023-12-31 02525240 d:CurrentFinancialInstruments 2022-12-31 02525240 c:FRS102 2023-01-01 2023-12-31 02525240 c:IndependentExaminationCharity 2023-01-01 2023-12-31 02525240 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02525240 b:Trustee1 2023-01-01 2023-12-31 02525240 b:Trustee2 2023-01-01 2023-12-31 02525240 b:Trustee3 2023-01-01 2023-12-31 02525240 b:Trustee4 2023-01-01 2023-12-31 02525240 b:Trustee5 2023-01-01 2023-12-31 02525240 b:TotalEndowmentFunds 2023-01-01 2023-12-31 02525240 b:TotalEndowmentFunds 2022-04-01 2022-12-31 02525240 b:TotalEndowmentFunds 2023-12-31 02525240 b:TotalEndowmentFunds 2022-12-31 02525240 1 2023-12-31 02525240 1 2022-12-31 02525240 b:TotalUnrestrictedFunds 2023-12-31 02525240 b:TotalUnrestrictedFunds 2022-12-31 02525240 b:TotalRestrictedIncomeFunds 2023-12-31 02525240 b:TotalRestrictedIncomeFunds 2022-12-31 02525240 c:FullAccounts 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 02525240
Charity number: 1002463










THE SPEECH, LANGUAGE AND HEARING FOUNDATION
(A Company Limited by Guarantee)







UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION
 
(A Company Limited by Guarantee)
 

CONTENTS



Page
Reference and Administrative Details of the Company, its Trustees and Advisers
1
Trustees' Report
2 - 4
Trustees' Responsibilities Statement
5
Independent Examiner's Report
6
Statement of Financial Activities
7
Balance Sheet
8 - 9
Notes to the Financial Statements
10 - 21

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION
 
(A Company Limited by Guarantee)
 

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023


Trustees
A I Jaye
T S Kaplan
A J Harding
K J Lipton
A C Marks

Company registered number
02525240

Charity registered number
1002463

Registered office
101 New Cavendish Street
1st Floor South
London
W1W 6XH

Accountants
Harris & Trotter LLP
101 New Cavendish Street
1st Floor South
London
W1W 6XH

Bankers
Bank of Scotland
St. James's Gate
14-16 Cockspur Street
London
United Kingdom
SW1Y 5BL

Page 1

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION
 
(A Company Limited by Guarantee)
 
  
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charitable company's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective from 1 January 2019).
Objectives and activities
The Speech, Language and Hearing Centre Foundation is charitable company limited by guarantee.
The charity's principal objectives are, for the public benefit, to:
• Promote the education, and to relieve the needs, of children who suffer from difficulties with hearing, speech, language or communication or who have complex needs (whether in the UK or elsewhere); and
• Promote research in all topics related to children who suffer from difficulties with hearing, speech, language or
communication or who have complex needs provided the useful results of such research must be published; by the provision of grants.
In addition, the quorum provisions for meetings of the Trustees were simplified and the provision for obligatory rotation of the directors removed.
Achievements and performance
We seek to maintain the fundraising capacity of the Foundation and adapt its offering to best meet the challenges it experiences. BPAS and The Bridge Clinic operate as a fertility clinic from 1-5 Christopher Place. We intend to continue as before in distributing the rental income that we receive and to continue our charitable activities as a grant-making trust.
Public benefit statement
Trustees of a charity have statutory duty to report in their Annual Report on their charity's public benefit. The Trustees have considered this requirement.
We will maintain the Foundation's commitment to enhancing the knowledge and understanding of heading impaired, autistic and communication delayed young children in our society, without providing direct intervention to needy children and their families.
The Trustees have therefore concluded:
• that the aims of the organization continue to be charitable;
• that the work done will give identifiable benefits to the charitable sector and both indirectly and directly to individuals in need;
• that the benefits are for the public, are not unreasonably restricted in any way and certainly not by ability to pay; and
• that there is no detriment or harm arising from the charity's aims or activities.
Financial review
Financial reviews have been conducted for year ended 31 December 2023. It is the policy of the charitable company that free reserves which have not been designated for a specific use should be maintained at a level equivalent to not less than one year’s budget grant expenditure i.e. £150,000. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charitable company’s current activities for at least a year, while consideration is given to ways in which additional funds may be raised. At the year end, the free reserves were £912,330 (December 2022 : £882,190).
Investment Policy
There are no restrictions on the Foundation's powers to invest and the Trustees have power to invest monies not
Page 2

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION
 
(A Company Limited by Guarantee)
 
immediately required for the Foundation's charitable purposes.
The Trustees have considered the most appropriate policy for investing funds and have decided to place a major part of their funds with a fund manager, with a small part held on short term deposit.
Risk factors
The Trustees have assessed the major risks to which the charitable company is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
A. I. Jaye
A J Harding
T. S. Kaplan
A. C. Marks
K. J. Lipton
None of the Trustees have any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
The Trustees are responsible for the financial planning and policies central to the Charity. The Chairman of the Board is Andrew Jaye.
The Trustees meet regularly to discuss proposed grants, the management accounts and other matters presented to them.
The Trustees have not incurred any expenses on behalf of the Charity during the year, and no reimbursement has therefore been made to them. The Trustees are considered to be the senior management team and are not
remunerated for their services.
Employee involvement
Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the charitable company continues and that the appropriate training is arranged. It is the policy of the charitable company that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.
Chairman's Comments:
Following the challenges of covid, we were able to maintain our income and as such there have been no financial losses. We have been able to make the following donations during the year:
Gateways Programme                  £30,800
Roger Lewis Memorial                           £30,000
Homestart Greenwich                            £19,000
The Sherwood School                           £18,000
The Sherwood School Year 4                £18,000
St Mary Magdalene School           £12,000
Beit Issie                                       £10,000
De La Bat School                                   £6,500
Nuwehoop School                                £6,200
21 Plus - SLT                                         £6,132
SPACE                                         £5,640
Arts Therapies for Children                   £5,000
We hope to continue with further donations, and we have in hand a number of applications which we are currently considering.
I would like to thank our administrator, Juliet Feldman for her hard work and effort, and my co-trustees for their
Page 3

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION
 
(A Company Limited by Guarantee)
 
continued support.
 

 

Approved by order of the members of the board of Trustees and signed on their behalf by:



A I Jaye

Date: 1 October 2024


Page 4

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION
 
(A Company Limited by Guarantee)
 

STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).


Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.


The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.


Page 5

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023

Independent Examiner's Report to the Trustees of The Speech, Language and Hearing Foundation ('the Company')

 
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 December 2023.


Responsibilities and Basis of Report


As the Trustees of the Company (and 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 the Company's accounts 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


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:


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.


This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.


Signed:      Dated: 1 October 2024

S Connoley FCCA     

c/o Harris & Trotter LLP
101 New Cavendish Street
1st Floor South
London
W1W 6XH
Page 6

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION
 
(A Company Limited by Guarantee)

 
 
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2023


Unrestricted funds
31 December
2023
Total
funds
31 December
2023
Total
funds
Period ended
31 December
2022
Note
        £
        £
        £

Income from:






Voluntary income

4

1,147

1,147

1,259
 
Investment income

5

181,486

181,486

76,635
 
Other income

6

4,104

4,104

3,714
 
Total income
186,737
186,737
81,608
Expenditure on:






Charitable activities

8

177,500

177,500

106,747
 
Total expenditure
177,500
177,500
106,747

Net movement in funds before other recognised gains/(losses)

  

9,237

9,237

(25,139)
 

Other recognised gains/(losses):

  




Gains/(losses) on revaluation of fixed assets

  

20,903

20,903

(44,299)
 
Net movement in funds
  
30,140
30,140
(69,438)

Reconciliation of funds:

  




Total funds brought forward

  

3,157,466

3,157,466

3,226,904
 
Net movement in funds

  

30,140

30,140

(69,438)
 
Total funds carried forward
  
3,187,606
3,187,606
3,157,466

All income and expenditure derive from continuing activities.
The statement of financial activties also complies with the requirements for an income and expenditure account under the Companies Act 2006.

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 10 to 21 form part of these financial statements.

Page 7

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 02525240

 
 
BALANCE SHEET
AS AT 31 DECEMBER 2023


2023
2022
Note
£
£

Fixed assets
  

Investments
 13 
792,988
772,086

Investment property
 12 
2,275,276
2,275,276

  
3,068,264
3,047,362

Current assets
  

Debtors
 14 
45,804
41,714

Cash at bank and in hand
  
292,080
183,064

  
337,884
224,778

Creditors: amounts falling due within one year
 15 
(218,542)
(114,674)

Net current assets 
  
 
 
119,342
 
 
110,104

Total assets less current liabilities
  
3,187,606
3,157,466

Net assets excluding pension asset 
  
3,187,606
3,157,466

Total net assets 
  
3,187,606
3,157,466


Charity funds
  

Restricted funds
 16 
-
-

Unrestricted funds
 16 
3,187,606
3,157,466

Total funds
  
3,187,606
3,157,466

Page 8

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION
 
(A Company Limited by Guarantee)
REGISTERED NUMBER: 02525240

 
 
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:




A I Jaye
Date: 1 October 2024

The notes on pages 10 to 21 form part of these financial statements.

Page 9

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


Charity information

The Speech, Language And Hearing Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH


2.Accounting policies

  
2.1

Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Speech, Language and Hearing Foundation meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The Foundation has taken advantage of the provisions in the SORP for charities appling FRS102 Update Bulletin 1 not to prepare a Statement of Cash Flows. 
The financial statements are prepared in sterling, which is the functional currency of the Foundation. Monetary amouns in these financial statements are rounded to the nearesr £.
The accounts have been prepared on the historic cost convention. The principal accounting policies adopted are set out below.

  
2.2

Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Foundation has adequate resources to continue in operational existence for the forseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

  
2.3

Incoming resources

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 10

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.4

Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

Governance costs include those incurred in the governance of the charity's assets and are primarily associated with constitutional and statutory requirements. 
 
  
2.5

Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

Page 11

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.6

Investment properties

Investment property, which is property held to ear rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value as at the reporting year end date. The surplus or deficit on revaluation is recognised in net income/(expenditure) for the year.
Recoverable amount is the higher of fair value less cost to sell and value in use, the estimated future cash flows are discounted to their present value using a discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. 
If the recoverable amount if an asset is estimated to be less than it's carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised in income/ (expenditure) for the year, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised amount of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately, unless the relevant asset is carried in at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase

  
2.7

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

  
2.8

Cash at Bank and in Hand

Cash at bank and 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.


2.9

Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

Page 12

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

  
2.10

Financial instruments

The Company 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

  
2.11

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.


3.

Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Valuation of investment property

Determining the fair value of the Charity's property as at each balance sheet date involves an element of estimation due to the nature of the property. For further information as to how the fair value is determined , see note 12. 

Page 13

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.

Voluntary Income




Unrestricted funds
31 December
2023
Total
funds
31 December
2023
Total
funds
Period ended
31 December
2022
        £
        £
        £
 


 
Donations and gifts

1,147

1,147

1,259
 
Total 2022


1,259
1,259


5.

Investment income




Unrestricted funds
31 December
2023
Total
funds
31 December
2023
Total
funds
Period ended
31 December
2022
        £
        £
        £




Rental Income

180,103

180,103

73,154
 
Interest receivable

1,383

1,383

3,481
 
Total 2023


181,486
181,486
76,635
Total 2022


76,635
76,635


Page 14

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.

Other incoming resources




Unrestricted funds
31 December
2023
Total
funds
31 December
2023
Total
funds
Period ended
31 December
2022
        £
        £
        £




Insurance

4,104

4,104

3,714
 
Total 2022


3,714
3,714


7.

Analysis of grants




Grants to Institutions
31 December
2023
Total
funds
31 December
2023
Total
funds
Period ended
31 December
2022
        £
        £
        £




Grant funding of activities

167,272

167,272

95,203
 
Total 2022


95,203
95,203

Page 15

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.

Analysis of expenditure on charitable activities


Summary by fund type




Unrestricted funds
31 December
2023
Total
31 December
2023
Total
Period ended
31 December
2022
        £
        £
        £




Grant funding of activities

167,272

167,272

95,203
 
Share of support costs

1,149

1,149

4,135
 
Independent examination fee

2,000

2,000

2,000
 
Postage and carriage

396

396

378
 
Sundry expenses

206

206

219
 
Subscriptions

573

573

197
 
Insurance

4,104

4,104

3,715
 
Premises costs

1,800

1,800

900
 


177,500
177,500
106,747
Total 2022


106,747
106,747

Page 16

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.

Analysis of expenditure by activities






Activities undertaken directly
31 December
2023
Grant funding of activities
31 December
2023
Support costs
31 December
2023
Total
funds
31 December
2023
Total
funds
Period ended
31 December
2022
        £
        £
        £
        £
        £






Grant funding of activities

-

167,272

-

167,272

95,203
 
Share of support costs

-

-

1,149

1,149

4,135
 
Independent examination fee

-

-

2,000

2,000

2,000
 
Postage and carriage

396

-

-

396

378
 
Sundry expenses

205

-

-

205

219
 
Subscriptions

573

-

-

573

197
 
Insurance

4,104

-

-

4,104

3,715
 
Premises costs

1,800

-

-

1,800

900
 


7,078
167,272
3,149
177,500
106,747
Total 2022


5,409
95,203
6,135
106,747



10.

Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £2,000 (2022 - £2,000).

11.


Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL).

During the year ended 31 December 2023, no Trustee expenses have been incurred (2022 - £NIL).

Page 17

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Investment property




Freehold investment property

£


Valuation

At 1 January 2023
2,275,276


At 31 December 2023
2,275,276

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 18 October 2017 by A.I.Jaye, a trustee of the charity. A.I. Jaye is a fellow of the Royal Instiute of Chartered Surveyors and a member of the Institute of Revenues Ratings and Valuation. The valuation was made on an open market value basis by reference to the current annual rentals, the term of the lease and the current market conditions. The trustees consider the fair value of the investment property to be materially the same as at 31 January 2023 and 31 December 2023.
If investment properties were stated on an historical cost basis rather than a fair value basis, the carrying amount would have been £2,275,276 (£1,517,962 - 31 December 2022) and no depreciation would have been charged. 
 


13.


Fixed asset investments





Listed investments

£



Cost or valuation



At 1 January 2023
772,085


Revaluations
20,903



At 31 December 2023

792,988




Net book value




At 31 December 2023
792,988



At 31 December 2022
772,085

Page 18

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

14.



Debtors


2023
2022
£
£


Due within one year

Trade debtors
45,354
41,714

Prepayments and accrued income
450
-

45,804
41,714


15.



Creditors: Amounts falling due within one year


2023
2022
£
£


Trade creditors
24,500
-

Other creditors
152,000
76,000

Accruals and deferred income
42,042
38,674

218,542
114,674

Page 19

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

16.

Statement of funds


Statement of funds - current year

Balance at 1 January 2023
£
Income
£
Expenditure
£
Gains/
(Losses)
£
Balance at 31 December 2023
£

Unrestricted funds






Designated funds







Designated Funds - all funds

2,275,276

-

-

-

2,275,276
 

General funds







Reserves

882,190

186,737

(177,500)

20,903

912,330
 
Total Unrestricted funds



3,157,466

186,737

(177,500)

20,903

3,187,606


17.

Summary of funds


Summary of funds - current year

Balance at 1 January 2023
£
 
Income
£
 
Expenditure
£
 
Gains/
(Losses)
£
 
Balance at 31 December 2023
£
 
Designated funds

2,275,276

-

-

-

2,275,276
 
General funds

882,190

186,737

(177,500)

20,903

912,330
 


3,157,466
186,737
(177,500)
20,903
3,187,606

Page 20

 
THE SPEECH, LANGUAGE AND HEARING FOUNDATION

(A Company Limited by Guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

18.

Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds
2023
Total
funds
2023
        £
        £


Fixed asset investments

792,988

792,988

Investment property

2,275,276

2,275,276

Current assets

337,883

337,883

Creditors due within one year

(218,542)

(218,542)

Total 


3,187,605
3,187,605



Analysis of net assets between funds - prior year

Unrestricted funds
2022
Total
funds
2022
        £
        £


Fixed asset investments

772,086

772,086

Investment property

2,275,276

2,275,276

Current assets

224,778

224,778

Creditors due within one year

(114,674)

(114,674)

Total 

3,157,466
3,157,466

Page 21