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2024-03-31-accounts

Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

CHARITY REGISTRATION NUMBER: 1035893

Wales Council For Deaf People Unaudited Financial Statements

31 March 2024

CARSTON

Chartered accountants 1st Floor, Tudor House 16 Cathedral Road Cardiff CF11 9LJ

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Wales Council For Deaf People

Financial Statements

Year ended 31 March 2024

Page
Trustees' annual report 1
Independent examiner's report to the trustees 11
Statement of financial activities 12
Statement of financial position 13
Statement of cash flows 14
Notes to the financial statements 15

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Wales Council For Deaf People

Trustees' Annual Report

Year ended 31 March 2024

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.

Chair's report

WCDP Chairman's Report 2023 - 2024 - Rowland Rees-Evans

As we reflect on another tough trading year with issues beyond our control impacting on the end result, it is no surprise that the Charity has struggled to break even again this year. With the removal in February 2023 of the Chief Executive for Gross Misconduct a decision was made to bring in the Chief Executive of Interlink to help the Trustees and Staff through this difficult period. The remit also included finding a new Chief Executive to run the Charity. I would personally like to thank the Chief Executive of Interlink for his professionalism, integrity and advice during this time.

However, on a far more positive note we have seen some major changes within the Welsh Council for Deaf Charity. The biggest part of this change saw the appointment of our new Chief Executive Officer, Ms. Cath Booth in October 2023. Although Cath has only been in post for the past six months, her enthusiasm and drive has already seen some positive improvements.

Cath has already set about a total restructure of the business and has a clear vision for the future. I know that this work will not be completed immediately, but I am confident that in the next twelve months we will start reaping the benefits of the changes that will take place. On behalf of the Trustees, I wish her well on this journey and she has our full support.

I need to personally thank the Staff for their continued hard work under difficult circumstances and although we are currently going through a major restructure, we must not underestimate the amount of work they have done for a small team. Over the past twelve months we have welcomed a number of new Trustees to the Board and their experience and knowledge is already paying dividends. I need to thank all the Trustees for their support of the staff and myself as Chairman. Finally, as we look forward to the coming year, we are better prepared for the challenges ahead and I am positive that the Charity will be continuing to improve in all areas.

Thank you.

Rowland Rees-Evans Chairman

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Wales Council For Deaf People

Trustees' Annual Report (continued)

Year ended 31 March 2024

Reference and administrative details

Registered charity name Wales Council for Deaf People
Charity registration number 1035893
Principal office Glenview House
Courthouse Street
Pontypridd
CF37 1JY
The trustees Mr R Rees-Evans
Mr G Moses
Mr C Lewis
Mr D Skivington
Mrs N Moses
Ms S Elin Melbourne
Mr M Griffiths ( Appointed Nov 23
resigned Dec 23 )
Ms S Thomas ( Appointed Nov 23 )
Ms H Dunne ( Appointed Nov 23)
Mr D Eveleigh ( Appointed March
24)
Officers Patron Baroness Jenny Randerson
President Mr D Skivington
Chairman Mr R Rees-Evans
Treasurer Mr G Moses
Other Significant Persons Training/Education Sub Committee Mrs S Durbridge
Finance Sub Committee Mr G Moses
Secretary and Chief officer Mrs C Booth (Appointed Oct 2023)
Finance Manager Ms N Hollister
Support Services Officer Miss K Lewis
Support Services Assistant
 Miss E Hollister
BSL Interpreter Ms R Williams
BSL Tutor Mr C Hampton
BSL Tutor /Children & family coordinator Ms K Barnes
Engagement Officer Mrs S Derrick
Charity Fundraiser Ms A Jones
Independent examiner Farzana Ahmed FCCA
Carston Chartered Accountants
1st Floor, Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ
Bankers HSBC Bank plc
30 Station Road
Port Talbot SA13 1JR

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Wales Council For Deaf People

Trustees' Annual Report (continued)

Year ended 31 March 2024

OBJECTIVES AND ACTIVITIES

The organisations Memorandum of Association states the object of the organisation to be 'the relief of those adults and children with hearing loss (Deaf, deafened, hard of hearing and deaf blind) throughout the whole of Wales'.

The charity carries out this objective as follows:

Public Benefit

In line with the objectives and aims of the charity, the charity hopes to benefit the public by being available to help and support adults and children who are Deaf / have a hearing loss (deaf, deafened, hard of hearing and deaf blind) throughout the whole of Wales, regardless of financial circumstances. The trustees have had regard to the Charity Commission's guidance on public benefit when planning their aims and activities.

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Wales Council For Deaf People

Trustees' Annual Report (continued)

Year ended 31 March 2024

ACHIEVEMENTS AND PERFORMANCE

Operations

Challenges faced in 2023-24

A major challenge, which caused considerable operational and business disruption, was the dismissal of the Chief Executive Officer for Gross Misconduct in February 2023. With the assistance of the Chief Executive of Interlink, who worked closely with the trustees and colleagues, the charity was stabilised, and a replacement Chief Executive Officer appointed in October 2023.

Since October 2023 , the new CEO has worked the team and trustees to carry out a full review of the charity , and she has also met with many of our members , beneficiaries and stakeholders to seek feedback about our work.

Staffing

Our staffing compliment is currently 8 persons, 6 full time and 2 part-time.

All staff have regular supervision and meet monthly; to share updates on their specific area, each staff member prepares highlight reports for the quarterly meetings with the board of Trustees . An in-person trustee and team building day was planned for February 2024 but needed to be re-scheduled for April 2024 to ensure that everyone could attend . Contributions from this planning day have been key in influencing the work on our new strategy.

Accommodation

Interlink continue to rent the first-floor offices. Tydfil Training started renting one of our offices on the ground floor in April 2024.

Membership Activities

The Board of Trustees are made up of officers in our community, hard of hearing support groups, Deaf clubs , County Councillors or representatives of Local Authorities and other relevant organisations .

Some of the Board members continue to be involved in the two Sub Committees.

Some of our Trustees also continue to work as volunteers within and on behalf of WCDP.

Networking

The Cross-Party Group on Deaf Issues has continued to meet regularly via Zoom, this allows organisations and individuals to raise issues and influence thinking within the Senedd on issues surrounding hearing loss.

We continue to be members of The Cross-Party Group on Disability, the Disability Equality Forum, All Wales Deaf Mental Health and Wellbeing group , HIW Stakeholder advisory group and various other Welsh Government and NHS organised working groups. All of which have continued to meet via Zoom or Teams.

We have regularly attended online meetings as members of the Wales Disability Reference Group

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Wales Council For Deaf People

Trustees' Annual Report (continued)

Year ended 31 March 2024

and the Deaf Consortium Wales . We also continue to work with several other similar charitable organisations.

Voluntary Development

Our engagement officer has been working hard to help set up new hard of hearing / peer support groups across Wales, we now have 19 groups up and running and are working on setting up another 4. We are supporting these groups with general advice, publicity, arranging guest speakers and funding applications - the following clubs / groups received new funding via grant applications which we have supported them with this year - Bridgend £2,000, RCT joint application of £19,000, Ystradgynlais £10,000 and Dolgellau £10,000. We have worked closely with local Deaf clubs and continue to offer our support as needed (and know this is an area of work that we would like to enhance and improve on going forward).

Our work to establish more lip-reading classes ( and teachers ) continues, but remains a challenge given that there are only 2 Lip reading tutors in Wales currently - we hope to be able to work with City Lit in London to run a lipreading course here in Wales during 2025.

We have continued to produce our information leaflets covering varying aspects of the work we do ;- information on hearing loss, Deaf awareness, sign language, lipreading etc. All are produced in Welsh and English, and we are now focusing on how and when can incorporate QR codes and BSL too.

Sensory Garden

The Sensory Garden has continued to develop and grow. It has been used by members and RCT Preschool D/deaf children as part of our stay and play programme . We held our summer garden party in 2023 and transformed our garden into a winter wonderland in December 2023, this was attended by local Preschool D/deaf children. * Our Christmas activities were amended due to issues with our central heating , but our Signing Santa produced a video message for us in BSL to share on our socials which was appreciated and liked many times.

A big thanks to the local volunteers who have given their time to help maintain the garden again this year as we could not manage without them.

Projects

WCDP ran 3 projects in this financial year. These were:

o Blaenau Gwent’s Community Voice, Community Choice Deaf/Deafblind Awareness & BSL Taster Training:

Providing 28 sessions in total across the Blaenau Gwent County free of charge to anyone who lives and/or works in Blaenau Gwent. These were run by a Deaf BSL Tutor with the support of a BSL interpreter and feedback was extremely positive:

“Excellent. Should be taught in schools. Really want to learn.”

“Brilliant teacher. Very engaging. Thanks Chaz.”

“Chaz is good at recognising when we are struggling. Connects us in a fun way.”

“Fabulous, I would encourage anyone to learn.”

81 people attended a Deaf/Deafblind Awareness Training Course whilst 78 people attended a BSL Taster Course.

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Wales Council For Deaf People

Trustees' Annual Report (continued)

Year ended 31 March 2024

• Morrisons Foundation- BSL family sign courses - we provided 6 -week long face to face BSL sessions for family members of children who are Deaf / have hearing loss ,and we also delivered 6 weeks of online BSL sessions too , for people across Wales in various locations, and these were delivered free of charge . 10 people attended the in-person face-to-face course at our offices in Pontypridd and 11 people attended the online course.

Extracts of some of the feedback from the attendees is below ;-

To able to communicate (basic) with people, and support pupils in class with hearing difficulties. Basic conversation to help children with hearing impairments to support with their inclusion in the classroom. Thank you for interesting 6 weeks and for making it so much fun.

The online BSL sessions has helped me a lot - to communicate more with my Deaf son and for my eldest daughter to bond / communicate with her brother more using BSL.

I am more confident in speaking with the children to understand what they are saying.

o UK Shared Prosperity Fund Round 2 - RCTCBC -our Connect & Communicate Project with the D/deaf community in RCT allowed: Our BSL Tutor/Children and Family Coordinator delivered free BSL sessions to 17 local primary schools / 1390 children and 80 school staff between September 2023 and July 2024. As well as organising and conducting 17 indoor activities and 9 outdoor activities, which incorporated BSL, for children, young people and families across RCT. We hosted 8 networking events between August 2023 and July 2024 and assisted 13 Deaf people to prepare for and or seek new employment.

Our Engagement Officer support 5 existing Hard of Hearing Groups and set up 2 new Groups across RCT as part of this project . Whilst also supporting 12 volunteers for WCDP

Funds from Welsh Government Other projects / funding

We carried out an energy and accessibility audit of our building and sourced funding to allow us to make some much-needed improvements ( which included new windows, patio doors , Clearing the Ivy off the building , new guttering & fascia's, and boiler replacement )

Neighbourhood Network Fund SPF RCTCBC allowed us to contribute towards transport to help D/deaf community members get to local events at our offices

The Community Micro Grant - from RCTCBC , helped us to pay for Arts & Crafts Supplies and Graffiti Artist for our children's networking events.

Interlink Small Grants Summer 2023 & Autumn/Winter 2023 allowed us to pay for Children's activities during Easter Holidays, Halloween & Christmas

Postcode Community Trust - Postcode Lottery Unrestricted Funding. £25,000

The following BSL classes have been run through the year: Level 1, Level 2 and Level 6 and the pass rate has been 100%

Various types of BSL and Deaf / Deaf blind awareness courses were also run for; the Citizens advice bureaus in Caerphilly / Newport and Pontypool, Taf Torfaen, local Secondary Schools, Local solicitors, Coleg Y Cymoedd, Interlink and the Coalfields regeneration trust to name just a few.

Examples of quotes received from our BSL training below

'I am now confident that I can have a conversation with a deaf individual'

'The tutor is great and has made the course so fun'

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Wales Council For Deaf People

Trustees' Annual Report (continued)

Year ended 31 March 2024

'I found learning from a deaf tutor challenging at times, but it just made me more confident towards the end'

'I previously learnt BSL from a hearing tutor and I feel like I didn't learn as much'

'My mother is deaf and myself and my daughter have both learned BSL together'

'The 102 section of the course had lots of vocabulary that relates to my home life, it was interesting and helpful to learn'

'This was a brilliant course and would recommend it to everyone'

'I am happy that I am now able to make deaf individuals feel more included'

Quotes from our Deaf / Deafblind awareness courses are detailed below

'This course has taught me how to support deaf/deafblind clients better'

'This course was interesting, informative and fun.

'Informative with an aspect of fun. Kept everyone engaged'

'The tutor was great, the course was an eye opener'

'Given me more of an insight into the issues deaf and deaf/blind individuals face'

'It was interesting to learn about different types of hearing and sight impairments'

Sub Committee Reports

Education & Training Sub Committee

The Committee held 2 meetings this financial year- January 15[th] & 9th May.

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Wales Council For Deaf People

Trustees' Annual Report (continued)

Year ended 31 March 2024

January 2024 did not include any applications.

Finance Sub-Committee

The Committee held 3 meetings via zoom during the year 13/11/23 & 13/12/23 & 21/2/24

The charities finances, grant applications , policies & plans were reviewed and discussed in depth by members.

Acknowledgements

Wales Council for Deaf People, its Board of Trustees and staff gratefully appreciate all support received; financially, morally and in kind from a range of sources including our Volunteers, Public Authorities, Grant makers and individuals which helps us continue to support and work with people who are Deaf, have hearing loss, are Deafened or Deaf blind throughout Wales.

Financial review

Funding

Donations were gratefully received from the following:

Amazon Smile T Davies P Kilmister (remainder of legacy) On behalf of Margaret Jones Decd Intermarine UK

Grants were gratefully received from:

Wales Council for Voluntary Action

Interlink – Energy Audit - Children’s Activities - Easter Events

RCTCBC – Community Micro Grant - Neighbourhood Network Grant - Community Facilities Grant - Shared Prosperity Fund 1&2

Welsh Government – Community Facilities Grant

Post Code Lottery

The Charity continues to receive income from office rent and a small amount from meeting room hire, Bookings through the communications agency have improved on the previous year. We have continued to receive income through BSL and Deaf / Deaf blind awareness courses, and very much hope to be able to expand on this area of the business going forward into 2024/ 2025.

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Wales Council For Deaf People

Trustees' Annual Report (continued)

Year ended 31 March 2024

Performance

Income for the year totalled £482,636 (2023 £582,438), of which £60,460 (2023 £230,596) was restricted funding. Expenditure was £645,542 (2023 £576,186), of which £79,790 (2023 £214,562) was against restricted income and reserves. There was a £14,896 (2023 £12,538 loss) gain on investments in the year. Overall, this resulted in a deficit of £148,010 (2023 £6,287) for the year, of which £128,680 was against unrestricted funds (2023 £22,319) and £19,330 against restricted funds (2023 £16,034).

Reserves Policy

The trustees believe that sufficient reserves are required to ensure the continued operation of the charity should there be an unexpected loss of funding. At the year-end total reserves were £453,165 (2023 £601,176), of which £181,773 (2023 £201,103) is restricted, leaving £271,392 (2023 £400,072) of unrestricted funds. There is a designated fund of £49,299 included within unrestricted funds, which the trustees have provided for funding the Swansea Hard of Hearing Group. Free reserves are £8,402 (2023 £83,003).excluding investments of £254,650 (2023: £285,799) which can be called upon if needed.

Investment Policy

An investment portfolio with Rathbone Investment Management Plc was formed in 2022 following extensive research. The objectives of WCDP's investment policy are to:

WCDPs policy is to not hold investments that might be seen to be in conflict with the aims of the charity. The fund should not invest in companies that derive turnover from the following activities: Alcohol, Gambling, Pornography, Tobacco, Anti-personnel landmines, cluster bombs and biological and chemical weapons,

The Investment Managers have delegated discretionary powers of investment. Performance of the investment portfolio is monitored against the investment objectives and also against other appropriate benchmarks, including MSCI PIMFA Balanced Index and Rathbones Internal Benchmark 4. The portfolio is monitored quarterly and reported to the CEO and Treasurer. An annual review is undertaken with Rathbones.

Risk Management

The trustees have considered the major risks which the company is exposed to , using an updated risk management process and have reviewed those risks regularly throughout 2023/24 , robust systems and procedures have been established to mitigate the charity's exposure to any possible risk arising as part of this process.

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Wales Council For Deaf People

Trustees' Annual Report (continued)

Year ended 31 March 2024

Plans for future periods

We have regularly reviewed and continuously look to improve all our governance arrangements.

We intend to continue delivering face to face BSL classes, from Levels 1 to 6, plus interpreter and translator modules. And we will look to deliver several intensive BSL level 1and 2 courses in 2025 .

We will work to try and deliver lipreading courses in Wales and to run more Lipreading classes too ( and plan to run an intensive course in 2025 ). It is hoped that we can expand and deliver these sessions in more parts of Wales online too …. We will also be looking specifically at how we can improve access to information , support, guidance & training, to assist our Deaf and Deafblind colleagues and members

We would also like to continue to deliver BSL sessions in schools, to compliment and help contribute Towards the introduction of BSL into the curriculum (BSL GCSE is planned) for Sept 2027 here in Wales) and we hope to deliver more BSL sessions for parents and families of D/deaf children.

We will be exploring the updating of "Sign language Wales" book / app, with the help from Deaf BSL tutors

STRUCTURE, GOVERNANCE AND MANAGEMENT

Wales Council for Deaf People is a charitable incorporated organisation (CIO) AS OF 15 August 2019 having previously been a company limited by guarantee and is governed by an adopted revised constitution of the same date.

Trustee Recruitment and Trustee

Trustees are recruited from our hard of hearing groups and Deaf clubs throughout Wales, as well as representatives nominated from local authority councils. Although we welcome anyone who has an interest in hearing loss and wishes to be involved. Any new Trustees co-opted throughout the year will be confirmed during the next AGM. Trustees are inducted and offered relevant Trustee training upon appointment.

3/12/2024

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:

Dawid Kowland kers-Euans ……………………………………… (sign)

David Rowland Rees-Evans

……………………………………… (print name)

Trustee

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Wales Council For Deaf People

Independent Examiner's Report to the Trustees of Wales Council For Deaf People

Year ended 31 March 2024

I report to the trustees on my examination of the financial statements of Wales Council For Deaf People ('the charity') for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants (ACCA), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Farzana Ahmed FCCA Independent Examiner Carston Accountants 1st Floor, Tudor House 16 Cathedral Road Cardiff CF11 9LJ

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Wales Council For Deaf People

Statement of Financial Activities

Year ended 31 March 2024

2024 2023
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 36,454 60,460 96,914 242,696
Charitable activities 5 362,543 – 362,543 315,438
Investment income 6 8,324 – 8,324 6,812
Other income 7 14,855 – 14,855 17,492
-------------------------------- ---------------------------- -------------------------------- --------------------------------
Total income 422,176 60,460 482,636 582,438
================================ ============================ ================================ ================================
Expenditure
Expenditure on raising funds:
Investment management costs 8 3,000 – 3,000 3,000
Expenditure on charitable activities 9,10 562,658 79,790 642,448 572,879
Other expenditure 12 94 – 94 307
-------------------------------- ---------------------------- -------------------------------- --------------------------------
Total expenditure 565,752 79,790 645,542 576,186
================================ ============================ ================================ ================================
Net gains/(losses) on investments 13 14,896 – 14,896 (12,538)
-------------------------------- ---------------------------- -------------------------------- --------------------------------
Net expenditure and net movement in
funds (128,680) (19,330) (148,010) (6,286)
================================ ============================ ================================ ================================
Reconciliation of funds
Total funds brought forward 400,072 201,103 601,175 607,460
-------------------------------- -------------------------------- -------------------------------- --------------------------------
Total funds carried forward 271,392 181,773 453,165 601,175
================================ ================================ ================================ ================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 15 to Error! Bookmark not defined. form part of these financial statements.

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Wales Council For Deaf People

Statement of Financial Position

31 March 2024

2024 2023
Note £ £
Fixed assets
Intangible assets 19 970 4,138
Tangible fixed assets 20 142,027 140,402
Investments 21 254,650 285,799
-------------------------------- --------------------------------
397,647 430,339
Current assets
Debtors 22 61,566 72,838
Cash at bank and in hand 33,510 123,621
---------------------------- --------------------------------
95,076 196,459
Creditors: amounts falling due within one year 23 39,558 25,624
---------------------------- --------------------------------
Net current assets 55,518 170,835
-------------------------------- --------------------------------
Total assets less current liabilities 453,165 601,175
-------------------------------- --------------------------------
Net assets 453,165 601,175
================================ ================================
Funds of the charity
Restricted funds 181,773 201,103
Unrestricted funds 271,392 400,072
-------------------------------- --------------------------------
Total charity funds 25 453,165 601,175
================================ ================================

These financial statements were approved by the board of trustees and authorised for issue on 4/12/2024 ........................, and are signed on behalf of the board by:

……………………………………… (sign)

Geoff Moses

……………………………………… (print name) Trustee

The notes on pages 15 to Error! Bookmark not defined. form part of these financial statements.

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Wales Council For Deaf People

Statement of Cash Flows

Year ended 31 March 2024

2024 2023
£ £
Cash flows from operating activities
Net expenditure (148,010) (6,286)
Adjustments for:
Depreciation of tangible fixed assets 5,451 5,596
Amortisation of intangible assets 3,168 4,130
Net gains/(losses) on investments (14,896) 12,538
Dividends, interest and rents from investments (6,955) (6,049)
Other interest receivable and similar income (1,369) (763)
Loss on disposal of intangible assets 94 307
Accrued expenses/(income) 1,587 (1,396)
Changes in:
Trade and other debtors 11,272 6,140
Trade and other creditors 12,347 (5,501)
-------------------------------- ----------------------------
Cash generated from operations (137,311) 8,716
Interest received 1,369 763
-------------------------------- -----------------------
Net cash (used in)/from operating activities (135,942) 9,479
================================ =======================
Cash flows from investing activities
Dividends, interest and rents from investments 6,955 6,049
Purchase of tangible assets (7,169) (1,011)
Proceeds from sale of tangible assets 93 307
Purchases of other investments (117,938) (36,727)
Proceeds from sale of other investments 163,890 33,370
-------------------------------- ----------------------------
Net cash from investing activities 45,831 1,988
================================ ============================
Net (decrease)/increase in cash and cash equivalents (90,111) 11,467
Cash and cash equivalents at beginning of year 123,621 112,154
-------------------------------- --------------------------------
Cash and cash equivalents at end of year 33,510 123,621
================================ ================================

The notes on pages 15 to Error! Bookmark not defined. form part of these financial statements.

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Wales Council For Deaf People

Notes to the Financial Statements

Year ended 31 March 2024

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Glenview House, Courthouse Street, Pontypridd, CF37 1JY.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investments measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

After making reasonable enquiries and having considered the impact of the economic downturn and other factors on the financial performance of the charity and its current performance, the Trustee's believe that the charity will be able to continue to fulfil its charitable purpose, will be able to meet its liabilities as they fall due, and will have adequate resources to continue in operational existence for the foreseeable future. Accordingly, the trustees continue to adopt the going concern basis in in in preparing the financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no significant judgements used in the preparation of these accounts.

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

Depreciation: estimation is made as to the useful economic life of each asset, as detailed in the depreciation policy.

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Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. There has been a reallocation of cost centre activity compared to last year, however no changes have been made to the previous year.

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Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Website and rebranding

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property - 2% straight line
Fixtures and fittings - 20% straight line

Investments

Unlisted equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.

Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial

17

Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

activities in which the initial gain was recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations
Donations 5,043 – 5,043
Grants
WCVA 875 – 875
WCVA - Active Inclusion Project – – –
RCT - various grants 2,482 35,526 38,008
Interlink Micro grant 2,054 – 2,054
ScrewFix – – –
Morrisons – – –
Blaenau Gwent CBC – – –
GVS – – –
C3SC – – –
WCVA - Third Sector Resilience – – –
Post Code Lottery 25,000 – 25,000
Welsh Government – 24,934 24,934
First Give 1,000 – 1,000
---------------------------- ---------------------------- ----------------------------
36,454 60,460 96,914
============================ ============================ ============================
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Donations
Donations 338 – 338
Grants
WCVA 700 – 700
WCVA - Active Inclusion Project – 85,897 85,897
RCT - various grants 9,962 47,550 57,512
Interlink Micro grant 1,100 – 1,100
ScrewFix – 5,000 5,000
Morrisons – 18,793 18,793
Blaenau Gwent CBC – 11,416 11,416
GVS – 17,857 17,857
C3SC – 2,606 2,606
WCVA - Third Sector Resilience – 41,477 41,477
Post Code Lottery – – –
Welsh Government – – –
First Give – – –
---------------------------- -------------------------------- --------------------------------
12,100 230,596 242,696
============================ ================================ ================================

18

Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

5. Charitable activities

Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Training 21,920 21,920 46,957 46,957
Other income 2,965 2,965 15,133 15,133
Interpreter / Lip Speaking Agency 336,938 336,938 222,598 222,598
Translation 720 720 30,750 30,750
-------------------------------- -------------------------------- -------------------------------- --------------------------------
362,543 362,543 315,438 315,438
================================ ================================ ================================ ================================

6. Investment income

Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Income from listed investments 6,955 6,955 6,049 6,049
Bank interest receivable 548 548 136 136
Other interest receivable 821 821 627 627
----------------------- ----------------------- ----------------------- -----------------------
8,324 8,324 6,812 6,812
======================= ======================= ======================= =======================
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Rental & hire of facilities 14,855 14,855 17,492 17,492
============================ ============================ ============================ ============================

7. Other income

8. Investment management costs

Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Portfolio management 3,000 3,000 3,000 3,000
======================= ======================= ======================= =======================

19

Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

9. Expenditure on charitable activities by fund type

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Communication agency 311,498 – 311,498
Training & courses 79,348 – 79,348
Projects & activities 104,543 43,124 147,666
Support costs 67,269 36,666 103,936
-------------------------------- ---------------------------- --------------------------------
562,658 79,790 642,448
================================ ============================ ================================
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Communication agency 170,668 55,877 226,545
Training & courses 52,694 52,577 105,271
Projects & activities 105,801 46,151 151,953
Support costs 29,153 59,957 89,110
-------------------------------- -------------------------------- --------------------------------
358,316 214,562 572,879
================================ ================================ ================================

10. Expenditure on charitable activities by activity type

Activities
undertaken Support Total funds Total fund
directly costs 2024 2023
£ £ £ £
Communication agency 311,498 17,767 329,265 242,366
Training & courses 79,348 39,136 118,484 145,457
Projects & activities 147,666 27,745 175,411 179,068
Governance costs – 19,288 19,288 5,988
-------------------------------- -------------------------------- -------------------------------- --------------------------------
538,512 103,936 642,448 572,879
================================ ================================ ================================ ================================

11. Analysis of support costs

Analysis of
Analysis of
Analysis of
support costs
support costs
support costs
Communicati Training &
Projects &
on agency
courses
activities		 Total 2024 Total 2023
£ £ £ £ £
Staff costs 4,139
17,193
11,844		 33,176 40,292
Premises 1,404
1,638
1,638		 4,680 5,587
General office 12,225
20,306
14,261		 46,792 35,642
Governance costs 6,429
6,430
6,430		 19,289 5,991
---------------------------- ---------------------------- ---------------------------- -------------------------------- ----------------------------
24,197
45,567
34,173		 103,936 87,512
============================ ============================ ============================ ================================ ============================

20

Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

12. Other expenditure

Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Loss on disposal of intangible assets
for charity's own use 94 94 307 307
============== ============== ============== ==============
13. Net gains/(losses) on investments
Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Gains/(losses) on listed investments 14,896 14,896 (12,538) (12,538)
============================ ============================ ============================ ============================
14. Net expenditure
Net expenditure is stated after charging/(crediting):
2024 2023
£ £
Amortisation of intangible assets 3,168 4,130
Depreciation of tangible fixed assets 5,451 5,596
Loss on disposal of intangible assets 94 307
======================= =======================
15. Independent examination fees
2024 2023
£ £
Fees payable to the independent examiner for:
Independent examination of the financial statements 3,480 3,120
======================= =======================
16. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024 2023
£ £
Wages and salaries 223,022 269,017
Social security costs 20,035 24,761
Employer contributions to pension plans 6,625 10,104
-------------------------------- --------------------------------
249,682 303,882
================================ ================================
The average head count of employees during the year was 10 (2023: 12). The average The average head count of employees during the year was 10 (2023: 12). The average number
of full-time equivalent employees during the year is analysed as follows:
2024 2023
No. No.
Number of staff 7 9
============== ==============

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

21

Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

16. Staff costs (continued)

Key Management Personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £19,820 (2023:£47,268).

17. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. No trustee expenses have been incurred.

18. Transfers between funds

Transfer of funds from restricted to unrestricted reserves represents resources expended in the previous year from unrestricted reserves for the project.

19. Intangible assets

Website &
rebranding
£
Cost
At 1 April 2023 and 31 March 2024 21,114
============================
Amortisation
At 1 April 2023 16,976
Charge for the year 3,168
----------------------------
At 31 March 2024 20,144
============================
Carrying amount
At 31 March 2024 970
============================
At 31 March 2023 4,138
============================

22

Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

20. Tangible fixed assets

Freehold Fixtures and
property fittings Total
£ £ £
Cost
At 1 April 2023 197,887 28,720 226,607
Additions – 7,169 7,169
Disposals – (13,886) (13,886)
-------------------------------- ---------------------------- --------------------------------
At 31 March 2024 197,887 22,003 219,890
================================ ============================ ================================
Depreciation
At 1 April 2023 60,477 25,728 86,205
Charge for the year 3,958 1,493 5,451
Disposals – (13,793) (13,793)
-------------------------------- ---------------------------- --------------------------------
At 31 March 2024 64,435 13,428 77,863
================================ ============================ ================================
Carrying amount
At 31 March 2024 133,452 8,575 142,027
================================ ============================ ================================
At 31 March 2023 137,410 2,992 140,402
================================ ============================ ================================
21. Investments
Cash or cash Listed
equivalents investments Total
£ £ £
Cost or valuation
At 1 April 2023 27,123 258,676 285,799
Additions 74,643 43,295 117,938
Disposals (96,295) (154,520) (250,815)
Fair value movements – 101,728 101,728
---------------------------- -------------------------------- --------------------------------
At 31 March 2024 5,471 249,179 254,650
============================ ================================ ================================
Impairment
At 1 April 2023 and 31 March 2024 –
================================
Carrying amount
At 31 March 2024 5,471 249,179 254,650
============================ ================================ ================================
At 31 March 2023 27,123 258,676 285,799
============================ ================================ ================================

All investments shown above are held at valuation.

Listed investments

The aggregate market value of listed investments is £249,179 (2023: £258,676).

23

Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

21. Investments (continued)

Financial assets held at fair value

Investments are stated at fair value at the balance sheet date, listed investments are stated at the stock exchange values at the year end. Other investments are valued based on investment performance.

The historical cost of investments at the year-end date is £248,289 (2023 : £295,490).

22. Debtors

2024 2023
£ £
Trade debtors 49,040 48,872
Prepayments and accrued income 1,286 1,256
Other debtors 11,240 22,710
---------------------------- ----------------------------
61,566 72,838
============================ ============================

Other debtors balance of £11,240 (2023: £22,710) relates to monies due from an ex-staff member (see note 28).

23. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 26,928 18,253
Accruals and deferred income 5,040 3,453
Social security and other taxes 5,996 2,819
Other creditors 1,594 1,099
---------------------------- ----------------------------
39,558 25,624
============================ ============================

24. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6,625 (2023: £10,104).

24

Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

25. Analysis of charitable funds

Unrestricted funds

At
At Gains and 31 Mar 202
1 Apr 2023 Income Expenditure Transfers losses 4
£ £ £ £ £ £
General funds 330,572 422,176
(555,752)		 10,201 14,896 222,093
Designated Fund
- (Swansea HOH) 69,500 –
(10,000)		 (10,201) – 49,299
-------------------------------- -------------------------------- -------------------------------- ---------------------------- ---------------------------- --------------------------------
400,072 422,176
(565,752)		 – 14,896 271,392
================================ ================================ ================================ ============================ ============================ ================================
At
At Gains and 31 Mar 202
1 Apr 2022 Income Expenditure Transfers losses 3
£ £ £ £ £ £
General funds 342,391 351,842
(351,123)		 – (12,538)
330,572
Designated Fund
- (Swansea HOH) 80,000 –
(10,500)		 – – 69,500
-------------------------------- -------------------------------- -------------------------------- -------------- ---------------------------- --------------------------------
422,391 351,842
(361,623)		 – (12,538)
400,072
================================ ================================ ================================ ============== ============================ ================================

Designated funds:

In the year ended 2018 WCDP received a legacy of over £700,000 from the Estate of Mr P K Howard. The legacy did not come with any restrictions as to its use by WCDP but Mr Howard had expressed a wish that the Swansea Hard of Hearing Group should benefit from the legacy at the discretion of the Trustees WCDP. The trustees agreed to create a Designated Fund of £80,000 for funding to be provided over a number of years to Swansea Hard of Hearing Group. The designated fund has been created to formally recognise that wish.

25

Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

25. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
At
At Gains and 31 Mar 202
1 Apr 2023 Income Expenditure Transfers losses 4
£ £ £ £ £ £
Glenview House 107,806 –
(3,268)		 – – 104,538
J E James
Legacy 23,829 –
–		 – – 23,829
Dr A C Evans
Legacy 41,810 –
(5,133)		 – – 36,677
Sensory Garden
Project 4,268 –
(691)		 – – 3,577
RCT - Various
grants 2,900 35,526
(38,426)		 – – –
Moondance
Foundation 1,197 –
(503)		 – – 694
ScrewFIX 500 –
(500)		 – – –
Morrison 18,793 –
(6,335)		 – – 12,458
Welsh
Government – 24,934
(24,934)		 – – –
-------------------------------- ---------------------------- ---------------------------- -------------- -------------- --------------------------------
201,103 60,460
(79,790)		 – – 181,773
================================ ============================ ============================ ============== ============== ================================
At
At Gains and 31 Mar 202
1 Apr 2022 Income Expenditure Transfers losses 3
£ £ £ £ £ £
Glenview House 111,073 –
(3,267)		 – – 107,806
Active Inclusion
Project – 85,897
(85,897)		 – – –
J E James
Legacy 23,829 –
–		 – – 23,829
Dr A C Evans
Legacy 43,508 –
(1,698)		 – – 41,810
Sensory Garden
Project 4,959 –
(691)		 – – 4,268
RCT - Various
grants – 47,550
(44,650)		 – – 2,900

26

Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

25. Analysis of charitable funds (continued)

Moondance
Foundation 1,700 – (503) – – 1,197
GVS Various
Grant – 17,857 (17,857) – – –
ScrewFIX – 5,000 (4,500) – – 500
WCVA – 41,477 (41,477) – – –
Blaenau Gwent
CBC – 11,416 (11,416) – – –
C3SC – 2,606 (2,606) – – –
Morrison – 18,793 – – – 18,793
Welsh
Government – – – – – –
-------------------------------- -------------------------------- -------------------------------- -------------- -------------- --------------------------------
185,069 230,596 (214,562) – – 201,103
================================ ================================ ================================ ============== ============== ================================

The Glenview House restricted fund represents the purchase and refurbishment of the charity's freehold land and buildings. The expenditure is depreciation being written back to the statement of financial activities over the lifetime of the building.

JE James legacy was received during the 2018/19 year end and is to be spent on covering 20% of the salary of one project worker who will spend the same portion in time working with West Wales Hard of Hearing groups. There was no project work undertaken in West Wales during 2022/23.

The Dr A C Evans legacy project is the money given to the charity by way of a legacy from Dr Evans to be used on education for children in Clwyd and Gwynedd. A sub committee has been set up to oversee the spending on this project.

The RCT fund comprises various grants received:

Moondance funding was to purchase 3 laptops to enable staff to work from home during lockdown.

The GVS fund comprises various grants received;

ScrewFix funding was in relation to Decoration of the Office.

Morrisons fund was a Lipreading Grant throughout Wales.

Welsh Government a one off Community Facilities Grant.

27

Docusign Envelope ID: C874FCD4-4EB4-4F11-B31C-8002F6B31148

Wales Council For Deaf People

Notes to the Financial Statements (continued)

Year ended 31 March 2024

26. Analysis of net assets between funds

Unrestricted Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Intangible assets 970 – 970
Tangible fixed assets 7,370 134,657 142,027
Investments 254,650 – 254,650
Current assets 8,402 47,116 55,518
-------------------------------- -------------------------------- --------------------------------
Net assets 271,392 181,773 453,165
================================ ================================ ================================
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Intangible assets 4,138 – 4,138
Tangible fixed assets 27,131 113,271 140,402
Investments 285,799 – 285,799
Current assets 83,003 87,832 170,835
-------------------------------- -------------------------------- --------------------------------
Net assets 400,071 201,103 601,174
================================ ================================ ================================
27. Analysis of changes in net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
£ £ £
Cash at bank and in hand 123,621 (90,111)
33,510
================================ ============================ ============================

28. Related parties

At the end of the year the former Chief Executive of the Charity, L Sweeney, owed the Charity £22,480. The Trustees have decided to make a provision of £11,240 against the amount due as it is not certain that the full amount can be recovered. Ms Sweeney has been found guilty of fraud against the Charity and repayment of the monies she stole is being pursued by the Courts under the Proceeds of Crime legislation. This process is ongoing and should be completed by April 2025.

28