Charity registration number 1015937
Company registration number 2692718 (England and Wales)
GLOUCESTERSHIRE DEAF ASSOCIATION
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
GLOUCESTERSHIRE DEAF ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
S Stocken W Stavert V Sheen R Kean L Taylor A Warren
Trustees
Senior management
Senior management D Neale Charity number 1015937 Company number 2692718 Registered office Colin Road Barnwood Gloucester Gloucestershire GL4 3JL
Pitt Godden & Taylor LLP Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG
Auditor
(Appointed 8 April 2024) (Appointed 8 April 2024) (Appointed 8 April 2024)
Chief Executive Officer
GLOUCESTERSHIRE DEAF ASSOCIATION
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 5 |
| Statement of trustees' responsibilities | 6 |
| Independent auditor's report | 7 - 9 |
| Statement of financial activities | 10 |
| Balance sheet | 11 |
| Statement of cash flows | 12 |
| Notes to the financial statements | 13 - 26 |
GLOUCESTERSHIRE DEAF ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
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 charity's governing document, the Companies Act 2006 and "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).
Objectives and activities
The Objects of the Charity are to relieve the disability of deaf people primarily in and around the county of Gloucestershire by the provision of material, spiritual, educational, and social support, to assist them to become more integrated in the wider community, and to promote this object by all appropriate means.
GDA’s significant activities and beneficiaries are described in the next section. In setting the charity’s objectives and future activities, GDA’s Trustees/Directors have given consideration to the Charity Commission’s general guidance on public benefit, ‘Charities and Public Benefit.’
GDA is a local deaf charity serving the needs of deaf, deafened, deafblind and hard of hearing people in and around Gloucestershire.
Our mission is to provide practical and social support to enable deaf people in Gloucestershire and the surrounding areas to be independent, exercise choice and feel as integrated as possible within the wider community.
Our vision is of a society that actively seeks to break down communication barriers for people with any level of hearing loss.
To meet this overall objective, our Charity provides a range of services to enable the people we support to be more independent, to exercise choice and to feel as integrated as possible within the wider community. Our work also extends to supporting family members and carers, as well as professionals and organisations who come across deaf people as patients, clients, customers, and work colleagues.
As a user-led registered charitable company, GDA is independent of the statutory sector and able to fully advocate for local needs.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Activities
GDA’s main activities and areas of expertise are:
Communication Support
GDA is the only local organisation in Gloucestershire providing communication support between deaf and hearing people. GDA enjoys a unique and unrivalled relationship of trust both with the local deaf community and communication support professionals who work in and around Gloucestershire and Swindon. This means we are well positioned to deliver a service that is cost effective, personal, and has all the flexibility and immediate accountability that comes with a local supplier.
GDA continues to deliver BSL Interpreting services under contract with NHS and Local Authority bodies and on a bespoke basis to other people and organisations requiring our service.
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GLOUCESTERSHIRE DEAF ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Hearing Aid Maintenance and Listening Aid Equipment Provision
GDA is sub-contracted by Gloucestershire Hospitals Hearing Services Department (Audiology) to provide an outreach service of routine hearing aid maintenance.
GDA is sub-contracted by Gloucestershire County Council to provide a service of home visits to people with hearing loss in order to make assessments for and install listening aids and visual alerts that will help keep them safe and reduce social isolation.
Deaf Awareness Training and British Sign Language Training (BSL College)
GDA works with local deaf BSL tutors to provide BSL courses from beginner to advanced levels. GDA is also offering Deaf Awareness workshops (ranging from 1 hour to all day sessions) to various organisations and other groups throughout Gloucestershire, such as GP surgeries.
Wellbeing Support
A wide range of wellbeing events take place across the year aimed at offering social support. These are a mix of creative and physical opportunities as well as general social events. We have hosted regular talks to give useful advice on things like ‘dealing with depression’, seated exercise, crafting and regular ‘Digi-drop-ins’ offer support to access and use technology. We have welcomed deaf and hard of hearing people of all ages to these events.
The wellbeing team also offers one to one support to deaf and hard of hearing community members in areas such as health and wellbeing, access to medical services, and end of life care.
Social Media Outreach
Many Deaf and hard of hearing community members use social media to find out what is going on their local community and the wider deaf community. We use our social media accounts across Twitter, Facebook and Instagram to update our community on key news stories relating to the deaf community to highlight upcoming opportunities at GDA.
Our twice yearly ‘Hear For You’ magazine style newsletter includes features and stories promoting GDAs work and the communities we represent and serve. The stories and features highlight the experience of deafness in Gloucestershire with the aim of bringing life to the facts and figures previously highlighted.
Community Centre Room Hire
GDA’s site at Colin Road, Barnwood in Gloucester comprises our offices and our Community Centre. The Community Centre provides an important community space which is culturally accessible to the local deaf community and welcomes many deaf-related and non deaf-related voluntary and professional groups.
Children, Young People, and Family Support
Families of deaf children and families where one or more parent is deaf or hard of hearing are supported through our monthly activity sessions for ages 0-8 years called ‘Dalmatians Club’ and our new ‘NXT-Gen’ sessions for 9-16 year olds. Families also benefit through our other well-being events and by receiving support through our informal advocacy service, accessible by dropping into the centre or by email.
Achievements and performance
Communication support
3,373 interpreting assignments have been completed across, Health, Social Care, Education, Employment, the Justice service and other areas of life.
Hearing aid maintenance and listening aid equipment provision
465 Sensory Services Assessments have been undertaken.
354 Gloucestershire Hospitals Hearing Services hearing aid clinics have taken place, seeing a total of 3,463 clients to clean and retube hearing aids.
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GLOUCESTERSHIRE DEAF ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Deaf Awareness Training and British Sign Language training (BSL College) 8 students undertaking BSL Level 1 14 students undertaking BSL Level 2
Community Centre room hire
The community centre is booked by local organisations and individuals for a wide range of activities that are educational, recreational and social in nature.
Community and informal advocacy services
Each week the team at GDA support the deaf and hard of hearing community members to access services, find solutions to communication barriers and sign post them on to relevant support.
Children, Young People, and family support
Every month we have 10 or more families attending our fun Dalmatians events for deaf children and children of deaf adults aged 0-8yrs. From April 2024 the Charity is looking to Launch NXT Gen events This service is for deaf and hard of hearing children, their siblings and children of deaf adults aged 9-16.
Wellbeing support
865 Wellbeing interactions with clients and 48 wellbeing events have been held during 2023/24.
Hear for You and Social Media Outreach
We print 259 copies of our ‘Hear for You’ publication and these are all received by local community members. In addition, our digital copies have reached over 2.4 K views this year.
Social Activities
We have been delighted to support the return of the regular Deaf Club sessions at the centre, organised and used by the local deaf community. These have included pub quizzes, bingo nights, social events and talks.
Financial review
Income: 2023/24 £1,143,511(2022/23 £882,408)
Expenditure: 2023/24 £1,120,869 (2022/23 £1,028,997)
Surplus/(Deficit): 2023/24 Surplus £22,642 (2022/23 Deficit £91,048)
Reserves policy
GDA believes that in order to provide security and stability to our organisation and staff, sufficient funds need to be held in reserves for unexpected situations, cash flow difficulties or to use as working capital to develop new areas of work.
GDA also needs to have enough money to carry out its legal obligations in the event of the organisation having to wind up. In particular, the organisation must ensure that it would be able to pay salaries, redundancy costs, and any obligations under any leases or other contracts.
At the Finance Committee meeting held on the 28 August the Reserves Policy was reviewed and agreed it will cover average working capital for 3 months, which equates to £38,500, which will cover one month salary including HMRC liability. This is in line with the previous Reserve Policy and links to best practice. The current unrestricted reserves as per balance sheet are £66k (excluding the building) which are in line with our policy.
Working Capital has been calculated as Current Assets less Current Liability.
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GLOUCESTERSHIRE DEAF ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Principal funding sources
GDA’s main sources of funding are the contracted programmes of work we deliver on behalf of the NHS and Gloucestershire County Council and a number of smaller, grant funded projects from both public and third sector funders.
In addition, this year GDA were thankful to receive some unrestricted funding which has enabled us to redress our previous financial deficit and begin to rebuild our reserves. Collectively these grants from Barnwood Trust and the Gloucestershire Disability Fund, will make a huge difference to the charity as we continue to restabilise and recover from recent challenges.
Major risks
The Trustees meet four times a year. At Trustees meetings the Board discuss any potential risks, which may affect the organisation and seek management information to demonstrate how these risks are mitigated.
Reduction in funding from contracts and grants and increases in overheads such as utilities are examples of the risks the Trustees are aware of and seeking to develop solutions for through more robust contract negotiations and increased fundraising.
Plans for future periods
GDA has seen significant staffing changes during 2023/24 including a new Fundraising Manager, a new Finance Manager, a new Children, Young People and Families Officer and our new CEO who has been in post since the end of January 2024, on a part-time basis.
The Trustees acknowledge 2023/24 has been a challenging year and we thank the staff group for their hard work and commitment to the charity. The Trustees have strengthened arrangements with the appointment of their new CEO, together with the above roles and the next year will be focussed on rebuilding the required business, financial and governance infrastructure to support the future growth of the charity.
Structure, governance and management
The charity is a company limited by guarantee.
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:
P Bryan (Resigned 29 January 2024) N Hastie (Resigned 8 April 2024) E Moon (Resigned 23 April 2024) S Stocken W Stavert V Sheen R Kean (Appointed 8 April 2024) L Taylor (Appointed 8 April 2024) A Warren (Appointed 8 April 2024)
Recruitment and appointment of trustees
GDA can have a Board of up to 12 Trustees. The Board strives to ensure that there is representation of lived experience, together with a range of the necessary business and financial skills required to oversee the effective running of the charity. New trustees are appointed on the basis of their skills, knowledge and experience.
Before taking up their appointment, prospective Trustees meet with the Chair of Trustees and/or the CEO. They also complete an application form which includes a skills analysis and a statement of why they wish to serve as a Trustee of GDA.
None of the trustees has 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.
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GLOUCESTERSHIRE DEAF ASSOCIATION
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
Organisational structure
Board of Trustees meets four times a year and have overall responsibility for the Charity’s strategic direction and policy.
Day to day management of the Charity is delegated by the Trustees to the Chief Executive Officer (CEO).
Auditor
Pitt Godden & Taylor LLP were appointed as auditor to the charity during the year and a resolution proposing that they be re-appointed will be put at a General Meeting.
Disclosure of information to auditor
Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.
The trustees' report was approved by the Board of Trustees.
A Warren
Trustee
4 November 2024
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GLOUCESTERSHIRE DEAF ASSOCIATION
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also the directors of Gloucestershire Deaf Association for the purpose 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 year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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GLOUCESTERSHIRE DEAF ASSOCIATION
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF GLOUCESTERSHIRE DEAF ASSOCIATION
Opinion
We have audited the financial statements of Gloucestershire Deaf Association (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit:
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the information given in the trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and
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the directors' report included within the trustees' report has been prepared in accordance with applicable legal requirements.
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GLOUCESTERSHIRE DEAF ASSOCIATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF GLOUCESTERSHIRE DEAF ASSOCIATION
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the trustees' report and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud, and non-compliance with laws and regulations, was as follows:
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We identified the laws and regulations relevant to the charity from discussions with the board and the finance team. The laws that we consider may have a direct material effect on the financial statements or the operation of the charity include the Charities Act 2011, the Companies Act 2006, employment, health and safety, and data protection.
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We ensured that the audit engagement team collectively has the appropriate competence, capabilities and skills to identify non-compliance with the applicable laws and regulations noted above.
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We assessed the extent of compliance with these laws and regulations through enquiries with the trustees and members of the finance committee and inspecting legal costs, and assessing any correspondence with the charity commission over the year.
We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud may occur, by:
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making enquiries of management as to where they considered there was susceptibility to fraud, and their knowledge of any actual, suspected and alleged fraud;
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assessing and testing the internal controls in place to mitigate fraud risks and non-compliance with laws and regulations
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GLOUCESTERSHIRE DEAF ASSOCIATION
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF GLOUCESTERSHIRE DEAF ASSOCIATION
To address the risk of fraud through management bias and override of controls, we:
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performed analytical procedures to identify unusual or unexpected transactions;
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assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;
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reviewed a sample tested journal entries to confirm that they were genuine transactions.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
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agreeing financial statement disclosures to the underlying supporting documentation;
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reviewing the minutes of meetings of the board as to actual and potential litigation and claims;
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checking for correspondence from the Charity Commission.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Nicholas J Bishop FCCA ACA (Senior Statutory Auditor) for and on behalf of Pitt Godden & Taylor LLP
4 November 2024
Chartered Accountants Statutory Auditor
Unit 3 Ambrose House Meteor Court Barnett Way Barnwood Gloucester GL4 3GG
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GLOUCESTERSHIRE DEAF ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted Restricted funds funds 2024 2024 Notes £ £ Income from: Donations and legacies 3 27,745 - Charitable activities 4 1,003,671 100,995 Other trading activities 5 11,100 - Total income 1,042,516 100,995 Expenditure on: Raising funds 6 7,011 - Charitable activities 7 904,825 209,033 Total expenditure 911,836 209,033 Net income/(expenditure) 130,680 (108,038) Transfers between funds - - Net movement in funds 9 130,680 (108,038) Reconciliation of funds: Fund balances at 1 April 2023 As originally reported 436,738 138,919 Prior year adjustment (101,353) - Fund balances at 31 March 2024 466,065 30,881 |
Total Unrestricted Restricted Total funds funds 2024 2023 2023 2023 as restated as restated £ £ £ £ 27,745 20,744 - 20,744 1,104,666 758,218 102,054 860,272 11,100 1,392 - 1,392 1,143,511 780,354 102,054 882,408 7,011 - - - 1,113,858 926,943 102,054 1,028,997 1,120,869 926,943 102,054 1,028,997 22,642 (146,589) - (146,589) - - 55,541 55,541 22,642 (146,589) 55,541 (91,048) 575,657 481,974 83,378 565,352 (101,353) - - - 496,946 335,385 138,919 474,304 |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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GLOUCESTERSHIRE DEAF ASSOCIATION
BALANCE SHEET
AS AT 31 MARCH 2024
| 2024 Notes £ Fixed assets Goodwill 13 Tangible assets 14 Current assets Stocks 15 715 Debtors 16 107,775 Cash at bank and in hand 150,933 259,423 Creditors: amounts falling due within one year 18 (135,926) Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 19 Net assets excluding pension liability Net assets The funds of the charity Restricted income funds 22 Unrestricted funds |
2023 £ £ - 406,293 2,770 211,419 69,002 283,191 (188,385) 123,497 529,790 (32,844) 496,946 496,946 30,881 466,065 496,946 |
£ 667 416,788 94,806 512,261 (37,957) 474,304 474,304 138,919 335,385 474,304 |
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The financial statements were approved by the trustees on 4 November 2024
A Warren Trustee
Company registration number 2692718 (England and Wales)
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GLOUCESTERSHIRE DEAF ASSOCIATION
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024
| Notes Cash flows from operating activities Cash generated from/(absorbed by) operations 26 Investing activities Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets Net cash generated from/(used in) investing activities Financing activities Repayment of bank loans Net cash used in financing activities Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2024 £ - 7,200 (5,184) |
£ 79,915 7,200 (5,184) 81,931 69,002 150,933 |
2023 £ (16,111) 1,228 (5,058) |
£ (26,724) (14,883) (5,058) (46,665) 115,667 69,002 |
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GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
Charity information
Gloucestershire Deaf Association is a private company limited by guarantee incorporated in England and Wales. The registered office is Colin Road, Barnwood, Gloucester, Gloucestershire, GL4 3JL.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
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 are allocated on the portion of the asset’s use.
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GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
(Continued)
1.6 Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill shall be considered to have a finite useful life, and shall be amortised on a systematic basis over its life.
1.7 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings nil Fixtures and fittings 10 - 25% straight line Computers 25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.8 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.9 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.11 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.12 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.13 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | 27,745 | 20,744 |
Donated goods and services
During the year under review Midcounties Co-op started provided donations in kind that totaled £200 as at the end of the year.
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GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
4 Income from charitable activities
| Unrestricted Restricted funds funds 2024 2024 £ £ Charitable activities Interpreting services 665,870 100,995 Equipment sales 51,584 - Performance related grants 204,935 - Hearing Aid clinics 42,515 - Hire of facilities 31,650 - Other income 7,117 - 1,003,671 100,995 |
Total Unrestricted Restricted funds funds 2024 2023 2023 £ £ £ 766,865 602,808 - 51,584 70,956 - 204,935 3,537 102,054 42,515 32,515 - 31,650 48,402 - 7,117 - - 1,104,666 758,218 102,054 |
Total 2023 £ 602,808 70,956 105,591 32,515 48,402 - |
|---|---|---|
| 860,272 |
5 Income from other trading activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Fundraising events | 11,100 | 1,392 |
6 Expenditure on raising funds
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Fundraising and publicity | ||
| Other fundraising costs | 7,011 | - |
- 16 -
GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
7 Expenditure on charitable activities
| Charitable | Charitable | |
|---|---|---|
| activities | activities | |
| 2024 | 2023 | |
| £ | £ | |
| Direct costs | ||
| Staff costs | 360,156 | 377,395 |
| Interpreters fees | 475,321 | 481,401 |
| Hearing aids | 9,554 | - |
| Room hire expenses | 1,359 | - |
| Education and training | 51,903 | 257 |
| Volunteer expenses | 126 | 347 |
| College fees | 26,894 | 23,447 |
| Wellbeing | 9,540 | 4,104 |
| Various 'club' expenses | 12,859 | 37,661 |
| Car park expenses | 27 | - |
| Internal recharges | 180 | - |
| Staff welfare/dbs checks | 2,177 | - |
| 950,096 | 924,612 | |
| Share of support and governance costs (see note 8) | ||
| Support | 163,762 | 104,385 |
| 1,113,858 | 1,028,997 | |
| Analysis by fund | ||
| Unrestricted funds | 904,825 | 926,943 |
| Restricted funds | 209,033 | 102,054 |
| 1,113,858 | 1,028,997 |
- 17 -
GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
8 Support costs allocated to activities
| Depreciation Training and finance expenses Repairs and maintenance Rates and insurance Bank charges and interest Heat and light Postage, printing and stationery Telephone and broadband IT support and website Professional fees Audit and accountancy fees Analysed between: Charitable activities 9 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the audit of the charity's financial statements Depreciation of owned tangible fixed assets Amortisation of intangible assets |
2024 £ 3,973 6,329 21,612 6,123 2,301 8,497 6,397 9,248 20,708 67,374 11,200 163,762 163,762 2024 £ 9,000 3,306 667 |
2023 £ 3,247 - 14,437 6,264 3,274 10,710 6,107 9,031 15,351 31,342 4,622 |
|---|---|---|
| 104,385 | ||
| 104,385 | ||
| 2023 £ 2,200 3,047 200 |
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
11 Employees
The average monthly number of employees during the year was:
| 2024 | 2023 |
|---|---|
| Number | Number |
| 16 | 17 |
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GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 11 Employees Employment costs Wages and salaries Social security costs Other pension costs |
(Continued) 2024 2023 £ £ 326,735 336,410 22,227 28,951 11,194 12,034 360,156 377,395 |
(Continued) 2024 2023 £ £ 326,735 336,410 22,227 28,951 11,194 12,034 360,156 377,395 |
|---|---|---|
| 377,395 |
There were no employees whose annual remuneration was more than £60,000.
12 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
13 Intangible fixed assets
| Cost At 1 April 2023 and 31 March 2024 Amortisation and impairment At 1 April 2023 Amortisation charged for the year At 31 March 2024 Carrying amount At 31 March 2024 At 31 March 2023 |
Goodwill £ 1,000 |
|---|---|
| 333 667 |
|
| 1,000 | |
| - | |
| 667 |
- 19 -
GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 14 Tangible fixed assets Freehold land and buildings Fixtures and fittings Computers £ £ £ Cost or valuation At 1 April 2023 400,000 23,482 39,039 Disposals - - (7,200) At 31 March 2024 400,000 23,482 31,839 Depreciation and impairment At 1 April 2023 - 22,472 23,250 Depreciation charged in the year - 135 3,171 At 31 March 2024 - 22,607 26,421 Carrying amount At 31 March 2024 400,000 875 5,418 At 31 March 2023 400,000 1,010 15,778 |
Total £ 462,521 (7,200 |
|---|---|
| 455,321 | |
| 45,722 3,306 |
|
| 49,028 | |
| 406,293 | |
| 416,788 |
The carrying value of land included in land and buildings comprises:
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Freehold | 330,000 | 330,000 |
Land and buildings with a carrying amount of £330,000 were revalued in 2020 by Ash & Co Surveyors, independent valuers not connected with the charity on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.
At 31 March 2024, had the revalued assets been carried at historic cost less accumulated depreciation and accumulated impairment losses, their carrying amount would have been approximately £330,000 (2023 - £330,000).
| 15 | Stocks | ||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Finished goods and goods for resale | 715 | 2,770 |
- 20 -
GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
| 16 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income 17 Loans and overdrafts Bank loans Payable within one year Payable after one year |
2024 £ 105,228 2,547 107,775 2024 £ 38,094 5,250 32,844 |
2023 £ 210,161 1,258 |
|---|---|---|
| 211,419 | ||
| 2023 £ 43,278 |
||
| 5,321 37,957 |
During 2020 the charity took a Bounce Back Loan. This loan is Guaranteed by the UK Government.
18 Creditors: amounts falling due within one year
| 18 Creditors: amounts falling due within one year |
||
|---|---|---|
| Notes Bank loans 17 Deferred income 20 Trade creditors Other creditors Accruals and deferred income 19 Creditors: amounts falling due after more than one year Notes Bank loans 17 20 Deferred income Other deferred income |
2024 £ 5,250 72,355 41,609 2,014 14,698 135,926 2024 £ 32,844 2024 £ 72,355 |
2023 £ 5,321 104,815 60,939 5,301 12,009 |
| 188,385 | ||
| 2023 £ 37,957 |
||
| 2023 £ 3,462 |
Deferred income is included in the financial statements as follows:
- 21 -
GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
| 20 Deferred income Deferred income is included within: Current liabilities Movements in the year: Deferred income at 1 April 2023 Released from previous periods Resources deferred in the year Deferred income at 31 March 2024 21 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
(Continued) 2024 2023 £ £ 72,355 3,462 3,462 - (3,462) - 72,355 3,462 72,355 3,462 2024 2023 £ £ 11,194 12,034 |
(Continued) 2024 2023 £ £ 72,355 3,462 3,462 - (3,462) - 72,355 3,462 72,355 3,462 2024 2023 £ £ 11,194 12,034 |
|---|---|---|
| - - 3,462 |
||
| 3,462 | ||
| 2023 £ 12,034 |
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
- 22 -
GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
22 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 April | Incoming | Resources | Transfers | At 31 March | |
|---|---|---|---|---|---|
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| - | 53,228 | (53,228) | - | - | |
| Freemasons Transport Grant | 1,249 | - | (1,249) | - | - |
| Wellbeing Officer | 55,856 | - | (55,856) | - | - |
| Covid Tests for Interpreters | 291 | - | (291) | - | - |
| Volunteer Coordinator | 243 | - | (243) | - | - |
| Dorothy Bolton Grant for | |||||
| Children | 2,025 | - | (2,025) | - | - |
| Barnwood Trust - Equipment | |||||
| Officer | 8,622 | - | (8,622) | - | - |
| Barnwood Trust - Digital | |||||
| Inclusion | 16,530 | - | (13,280) | - | 3,250 |
| GCF - Wellbeing Activities | 3,667 | - | (3,667) | - | - |
| St Monica - Digital Inclusion | 32,000 | - | (32,000) | - | - |
| National Lottery - Deaf in the | |||||
| Covid Aftermath | 16,584 | - | (14,484) | - | 2,100 |
| Gloucester Community | |||||
| Investment Fund | 190 | - | (190) | - | - |
| GCC - Thriving Communties | (833) | - | 833 | - | - |
| Designated funds | 2,495 | 4,729 | (781) | - | 6,443 |
| Pied Piper Dalmations | - | 13,316 | (13,316) | - | - |
| MCF Children and Young | |||||
| Families | - | 19,945 | (8,099) | - | 11,846 |
| GCF Cost of Living | - | 2,391 | (831) | - | 1,560 |
| GCF Wellbeing Activities | - | 666 | (666) | - | - |
| Birkdale Trust for Dalmations | - | 2,700 | (535) | - | 2,165 |
| Morrisons Lunch Club | - | 4,020 | (503) | - | 3,517 |
| 138,919 | 100,995 | (209,033) | - | 30,881 | |
| Previous year: | At 1 April | Incoming | Resources | Transfers | At 31 March |
| 2022 | resources | expended | 2023 | ||
| £ | £ | £ | £ | £ | |
| 83,378 | 102,054 | (102,054) | 55,541 | 138,919 |
- 23 -
GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
23 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| Revaluation reserve General funds Previous year: Revaluation reserve General funds Analysis of net assets between funds At 31 March 2024: Tangible assets Current assets/(liabilities) Long term liabilities At 31 March 2023: Intangible fixed assets Tangible assets Current assets/(liabilities) Long term liabilities |
At 1 April 2023 Incoming resources Resources expended At 31 March 2024 £ £ £ £ 70,000 - - 70,000 366,738 1,042,516 (911,836) 497,418 436,738 1,042,516 (911,836) 567,418 At 1 April 2022 Incoming resources Resources expended At 31 March 2023 £ £ £ £ 70,000 - - 70,000 411,974 780,354 (926,943) 265,385 481,974 780,354 (926,943) 335,385 Unrestricted Restricted Total funds funds 2024 2024 2024 £ £ £ 406,293 - 406,293 92,616 30,881 123,497 (32,844) - (32,844) 466,065 30,881 496,946 Unrestricted Restricted Total funds funds 2023 2023 2023 £ £ £ 667 - 667 416,788 - 416,788 (44,113) 138,919 94,806 (37,957) - (37,957) 335,385 138,919 474,304 |
|---|---|
24 Analysis of net assets between funds
- 24 -
GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024
25 Related party transactions
During the year under review the charity purchased BSL tutor services from one of its trustees, W. Stavert, under normal commercial terms. During the year purchases totaled £7,059 and as at the end of the year the balance of £413 was outstanding (2023 - none).
| 26 Cash generated from operations Surplus/(deficit) for the year Adjustments for: Amortisation and impairment of intangible assets Depreciation and impairment of tangible fixed assets Movements in working capital: Decrease in stocks Decrease/(increase) in debtors (Decrease)/increase in creditors (Decrease)/increase in deferred income Cash generated from/(absorbed by) operations 27 Analysis of changes in net funds |
26 Cash generated from operations Surplus/(deficit) for the year Adjustments for: Amortisation and impairment of intangible assets Depreciation and impairment of tangible fixed assets Movements in working capital: Decrease in stocks Decrease/(increase) in debtors (Decrease)/increase in creditors (Decrease)/increase in deferred income Cash generated from/(absorbed by) operations 27 Analysis of changes in net funds |
2024 £ 22,631 667 3,306 2,055 103,644 (19,928) (32,460) 79,915 |
2023 £ (91,048) 200 3,047 5,126 (61,048) 12,184 104,815 (26,724) |
|---|---|---|---|
| At 1 April 2023 Cash flowsAt 31 March 2024 £ £ £ Cash at bank and in hand 69,002 81,931 150,933 Loans falling due within one year (5,321) 71 (5,250) Loans falling due after more than one year (37,957) 5,113 (32,844) 25,724 87,115 112,839 |
| Analysis of changes in net funds | |||
|---|---|---|---|
| At 1 April 2023 | Cash flowsAt 31 March 2024 | ||
| £ | £ | £ | |
| Cash at bank and in hand | 69,002 | 81,931 | 150,933 |
| Loans falling due within one year | (5,321) | 71 | (5,250) |
| Loans falling due after more than one year | (37,957) | 5,113 | (32,844) |
| 25,724 | 87,115 | 112,839 |
- 25 -
GLOUCESTERSHIRE DEAF ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) AS AT 31 MARCH 2024
28 Prior period adjustment
Changes to the balance sheet
| Changes to the balance sheet | ||||
|---|---|---|---|---|
| At | 31 March 2023 | |||
| As previously | Adjustment | As | restated | |
| reported | ||||
| £ | £ | £ | ||
| Creditors due within one year | ||||
| Deferred income | (3,462) | (101,353) | (104,815) | |
| Capital funds | ||||
| Income funds | ||||
| Restricted funds | 138,919 | - | 138,919 | |
| Unrestricted funds | 436,738 | (101,353) | 335,385 | |
| Total equity | 575,657 | (101,353) | 474,304 | |
| Changes to the profit and loss account | ||||
| Period ended 31 March | 2023 | |||
| As previously | Adjustment | As | restated | |
| reported | ||||
| £ | £ | £ | ||
| Income from: | ||||
| Donations and legacies | 20,744 | - | 20,744 | |
| Charitable activities | 961,625 | (101,353) | 860,272 | |
| Other trading activities | 1,392 | - | 1,392 | |
| 983,761 | (101,353) | 882,408 | ||
| Expenditure on: | ||||
| Charitable activities | 1,028,997 | - | 1,028,997 | |
| (1,028,997) | - | (1,028,997) | ||
| Gross transfers between funds | 55,541 | - | 55,541 | |
| Net movement in funds | 10,305 | (101,353) | (91,048) |
Due to the incorrect treatment of incoming funds/restricted funds in prior periods, a prior year adjustment has been made to correct the balances as at 31 March 2024.
- 26 -