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2022-03-31-accounts

Company registration number: 02868934 Charity registration number: 1040801

Nottinghamshire Deaf Society

known as

NDS

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 March 2022

Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Nottinghamshire Deaf Society

known as NDS

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 11
Independent Examiner's Report 12
Statement of Financial Activities 13 to 14
Balance Sheet 15 to 16
Statement of Cash Flows 17
Notes to the Financial Statements 18 to 33

Nottinghamshire Deaf Society

known as NDS

Reference and Administrative Details

Trustees Tim Hastings, Chair John Leslie Townend Lindsey Harrison-Grimes Anne Darby Carol Grace Simon Peacock Kirstin Greenhill Senior Management Team Will Burchell, Chief Executive Jon Giles, Chief Executive, until 31/01/2022

Charity Registration Number 1040801 Company Registration Number 02868934 Registered Office 22 Forest Road West Nottingham NG7 4EQ Independent Examiner John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Page 1

Nottinghamshire Deaf Society

known as NDS

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2022.

Trustees and officers

The trustees and officers serving during the year and since the year end were as follows:

Trustees: Tim Hastings, Chair, Chair John Leslie Townend Lindsey Harrison-Grimes Anne Darby Carol Grace Simon Peacock Kirstin Greenhill

Rachel Kolebuk, until 01/11/2021

Objectives and Activities

Nottinghamshire Deaf Society (NDS) works for the benefit of deaf, deafened and hard of hearing people in the City and County of Nottinghamshire and across the East Midlands region.

Our purpose is to empower people so that their lives are enriched. Our long-term vision is for a society in which all deaf people can fully participate.

We do this by providing information, education and insight into hearing loss; by supporting, assisting and encouraging others; by challenging the status quo; by collaborating, engaging and consulting with others and by setting high standards and valuing quality in all we do.

Our main activities which support these aims and provide a public benefit are:

Page 2

Nottinghamshire Deaf Society

known as NDS

Trustees' Report

Services are not unreasonably restricted; and certainly not by ability to pay, as many of our services are commissioned. We deliver services to deaf people funded through commissioned contracts and grants, and through income generated from trading activities and charitable donations.

Our vision for the next five years is that:

By 2025

We will work with people across the whole age range

We will work with people with every type and experience of deafness … from mild to profound loss and everything in between

We will have engaged in new partnerships to further our mission and purpose

We will be able to expand our work into the East Midlands

We will continue to value both voluntary activities and income generation through provision of services

The main objective of the strategic plan for calendar years 2021-2022 was recovery and consolidation of the charity after the events of the COVID-19 pandemic and strengthening the position of the charity through partnerships.

Public Benefit

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Summary of main achievements during the period

COVID-19 Pandemic

During 21/22 Nottinghamshire Deaf Society continued to adapt to the changing government guidance and legislation. While the beginning of the period saw restrictions gradually ease, in line with government guidance the charity workforce remained largely home based, with only a skeleton staff team operating from the office for much of the year.

Provision of video interpreting remained central to our offer throughout the year, and it is anticipated that this will continue on a reduced basis as face-to-face appointments increase in demand.

Nottinghamshire Deaf Society continued to support the national COVID-19 vaccination programme by circulating information to deaf people in BSL and working with the Nottingham and Nottinghamshire Clinical Commissioning Group (CCG) to support access for deaf people. This has included training, provision of advice and booking Sign Language interpreters where requested.

The spread of the Omicron variant and introduction of ‘Plan B’ measures in December 2021 reminded us that the pandemic was not yet over, however in March 2022 as the final restrictions we lifted we were pleased to welcome back the deaf community groups to the building.

Page 3

Nottinghamshire Deaf Society

known as NDS

Trustees' Report

Provision of Services and Activities for Deaf People

NDS provided a wide range of communication support, including BSL/English interpreting and lip-speaking. During 2021/22 we undertook 4,901 face to face and remote communication service assignments, an increase of almost 10% on the previous year. In total we have provided over 11,400 hours of BSL/English interpretation. There were no drop duty time sessions delivered because of lock down restrictions. We provided an alternate video “duty time” service for deaf people. This replaced the hours normally allocated to a face to face service. Remote video Drop in services were accessed by 46 individuals. Interpreting services were provided to 53 different individuals and organisations through fixed contracts, Access to Work and ad hoc purchasing.

NDS offered training programmes in support of deaf awareness and hearing loss. Our training was provided by deaf tutors, in keeping with our vision of enabling deaf people to participate fully in society. It is also acknowledged that this approach delivers a greater impact to a ‘hearing’ audience. In 2021/22 NDS delivered 28 Deaf Awareness and BSL training sessions to a range of corporate and statutory partners. During the period we offered 8 lip-reading courses across daytime and evening with a total of 34 individual students.

NDS continued to provide BSL courses accredited by Signature (the awarding body for BSL qualifications) to a fee paying students. 102 students participated in courses during the year which resulted in an accredited qualification. We are pleased to report that we had a 95% pass rate for all assessment attempted which is a fantastic outcome.

NDS has a role to facilitate consultation between deaf people and commissioning organisations, representing the views and needs of deaf people on various committees across the City and County of Nottinghamshire. In 2021/22 we continued to engage with groups focused on supporting people through the pandemic. We had representation in the year on the following groups: Nottingham Together Board, the Disability Involvement Group and the Childrens’ Hearing Services Working Group.

NDS also engaged with decision makers, particularly in reference to issues created by the pandemic. The primary issue has been the use of opaque face masks/coverings and the additional barriers this creates for those with hearing loss. The limited availability of appropriate alternatives coupled with a lack of awareness around the issues of deafness exacerbated existing barriers for deaf people. Working in consultation with local authority and health partners we have helped to raise awareness of this issue

NDS provided a Deaf Welfare Rights and Information service that is delivered by deaf staff using BSL. This service is funded by contracts from Nottingham City Council, as part of a preventative services contract from the County Council and through grant income. In 2021/22 we handled 552 cases through this service.

Due to the pandemic many people continued to experience extensions to their benefit claims and saw delays to appeals and tribunals. In monetary terms, NDS supported the return of lump sum and annualised benefit payments totalling £402,622 (of which £81,890 was lump sum benefit payments). This was a 56% increase from the previous year.

In contrast to pre-Covid times we have operated a reduced level of social activities from our building. The end of the year saw deaf social groups begin a phased return to the building, although some members chose not to attend. We would normally expect in the region of 4000 individual visits to the building in a typical year.

Page 4

Nottinghamshire Deaf Society

known as NDS

Trustees' Report

We continue to grow our befriending service, supported by our Deaf Community Link Worker through funding from Nottinghamshire County Council. Our volunteer befrienders continued to provide support to isolated deaf people largely through face to face meetings, video calling and SMS. We trained and supported a team of deaf and hearing volunteers during the year to help us extend our befriending service to the most vulnerable members of the deaf community who can no longer attend sessions at our building.

In addition to the provision of quality services, projects and activities as described above, the Board would like to highlight the following areas of activity:

Governance

The board of Trustees continue to meet regularly, supported by two sub groups: One focused on Finance and the second on Risk and Human Resources. The sub groups meet at least quarterly to consider relevant areas in detail in order to report back their recommendations to the board.

After the remote event held the previous year, the Annual General Meeting was held in person on 13th October 2021.

The board would like to attract more deaf and hard of hearing Trustees, including those who use BSL as their first language. The Board have been engaging with the local deaf community to explain the role of Company membership with the aim of increasing engagement with the Charity and targeting suitable members as potential Trustees.

Equality and Diversity

The Trustees are mindful of recent events which have contributed to a heightened awareness of issues of equality and diversity. NDS remains committed to promoting equality and diversity in its work through employment, volunteering and service provision. This year saw a full review of policies and procedures in this area and development of an EDI action plan to promote continuous improvement.

Fundraising

The Charity is very grateful to all of its supporters and funders. In the financial year to March 2022 we received generous donations totalling £35,837.

Workforce

The Board recognises and give thanks for the ongoing work and commitment by the staff team in what was and continues to be challenging times. The Charity continues to benefit from the professionalism and expertise present in the staff team. Their willingness to continue to support service users, beneficiaries and the wider community is second to none.

The Trustees would also like to place on record its thanks for the many volunteers who gave their time willingly and freely in support of the deaf community and those with hearing loss during the period.

In addition, 21/22 saw the departure of the charity’s Chief Executive Officer, Jon Giles. Jon had been CEO with Nottinghamshire Deaf Society since September 2017 and led the charity through a period of unprecedented challenge. The Trustees are grateful for Jon’s leadership throughout this period and wish him every success in the future.

Page 5

Nottinghamshire Deaf Society

known as NDS

Trustees' Report

The Board are pleased to confirm that Will Burchell was appointed as the charity’s new Chief Executive Officer in March 2022.

Financial Review

Financial position at the end of period

Income for the year was £693,476 (2021: £734,462). Expenditure for the same period was £740,764 (2021: £703,730) giving and operating deficit of £47,288 (2020: £30,732). After gains/losses on investment assets and before other recognised gains/losses, the net income for the period was (£40,085) (2021: £42,512).

Investment Policy

The Trustees have the power to invest in such assets as they see fit. The board have considered the current investments and consider them to be suitable for our current plans and risk profile.

Reserves Policy

This policy should be seen as part of the financial management of the Charity. It forms one of the bases for the budget process. It is not sufficient to leave the level of Reserves to chance. The Charity needs to clarify its needs with regard to Reserves and have a clear policy to ensure those needs are met.

Reserves are required for the following reasons:

It is the policy of the Charity that free cash reserves (unrestricted funds which have not been designated or restricted for a specific purpose) should be maintained at a level equivalent to a 50% reduction in total income over a four month period. Based on current projected expenditure this is £115,000.

The Trustees consider that reserves at this level will ensure that in the event of a significant drop in funding they will be able to continue the Charity’s current activities while consideration is given to raising additional funds or reducing expenditure. This is a minimum required level and in the long term the Charity aims to have uncommitted reserves equivalent to between three and six months average expenditure.

At the end of the period the free cash reserves (net current assets plus investments) were £174,668 against a target level of £115,000. (Investments identified in Note 14 to the accounts are accessible within three working days and so are considered cash like.)

Page 6

Nottinghamshire Deaf Society

known as NDS

Trustees' Report

Pension Liability

The pension liability for the Charity is represented by the share of the Nottinghamshire County Council Local Government Pension Scheme (the Scheme) which is a defined benefit pension liability. The Scheme relates to fourteen past and current employees of NDS who qualified to receive a pension from the Scheme. Entry to the Scheme closed in 2002 and as at 31st March 2019, there is one active member, seven pensioners (average age of 70) and six deferred pensioners (average age of 53) who had previously worked for the Charity.

The defined benefit pension liability was last valued at 31st March 2019. The Charity’s liability as at 31st March 2021 was reassessed based on data from the 2019 valuation. The net defined benefit liability at 31st March 2022 is £893,000 (2021: 1.025m).

The pension liability continues to be a significant factor in the overall fund position of the Charity. Total funds excluding the pension liability amount to £435,849 (2021: £437,934) but are in deficit by £457,151 (2020: £587,066) after the liability is included.

In 2019 the Board reviewed the risk profile of the Scheme after considering what would happen if there were no longer any Active members of the Scheme. The Charity would not be able to leave the scheme without a substantial cessation cost. Therefore the Board resolved that the Charity should remain in the scheme, continuing the policy of new admissions but ensure that a single active member should remain to avoid this situation. Should the active member leave the scheme a plan is in place to maintain our membership. Otherwise the Board is satisfied that provided the Charity maintains membership of the Scheme the risk to the Charity is limited to the potential increased cost of contributions. The next triannual valuation will be at 31st March 2022. Contributions will not be reviewed before that time.

The charity provides a Defined Contribution scheme for employees who are automatically enrolled in line with the requirements of the auto enrolment workplace pension scheme.

Going Concern

The Board continue to adopt going concern principles in the financial statements.

Financial Risks

After considering the main financial risks to the organisation in the current and future financial years the following are identified:

The Finance Sub-Committee of the board continues to review financial performance and the above risks. Throughout the COVID-19 pandemic, the sub-committee has met more regularly to provide additional support to the CEO and give the wider board confidence that the financial performance is being managed closely.

Page 7

Nottinghamshire Deaf Society

known as NDS

Trustees' Report

The Charity retained a comprehensive suite of insurances to cover for all foreseeable eventualities including Business Interruption cover. The widely publicised High Court case brought by the Financial Conduct Authority in September 2020 sought to clarify if the policy wording for one of our policies allowed for a Business Interruption claim due to COVID-19. The finding of the court was that it did not. Following renewal there are new specific exclusions in our Business Interruption cover including pandemics and all communicable diseases.

Page 8

Nottinghamshire Deaf Society

known as NDS

Trustees' Report

Future performance

The Board continues to monitor the financial performance and cash position. While there is significant uncertainly about long term financial performance, the security of contracts and reliability of the majority of our income provides a solid foundation.

Based on current assumptions and taking into account funding awarded to date, the projection for the current year shows a break even position in our operating income and expenditure.

Plans for the Future

As a result of the COVID-19 pandemic and the work with Pilotlight, the Board have agreed a new strategic plan for the period 2021-22 calendar years.

The broad themes for the next two years will be:

The priorities to achieve this will be:

Risk Management

The Trustees recognise that the effective achievement of the charity's mission and purpose are linked to a healthy and thorough approach to risk. There are a multitude of risks that the charity faces. We should evaluate and monitor risks, taking action where necessary. If we do not, there will be a negative effect on the success of the charity.

The Trustees are committed to ensuring there is a proper and rigorous risk management process and policy in place.

Culture and Structure

The board of Trustees role is to provide oversight of risk management. The Board should engage in monitoring risk with other key staff members on a regular basis.

The HR and Risk sub-committee works with senior staff to ensure that our risk management processes are effective and we are transparent about the risks we face. We communicate clearly with Trustees and senior staff about the risks we face so that everyone can participate in ensuring risk is managed appropriately.

Risk Appetite

Page 9

Nottinghamshire Deaf Society

known as NDS

Trustees' Report

The Trustees prefer to ensure that risks are not left unmanaged or unmonitored. The Trustees are critically aware of the impact of many types of risk and so their appetite for risk on behalf of the organisation is characterised as low.

Process

The Trustees have agreed to adopt the standard model as recommended in Charity Commission guidance CC26: Charities and Risk management. Risk assessments are documented in a Risk Management Register and are reviewed annually or sooner if circumstances change.

Structure, governance and management

Nature of governing document

Memorandum and Articles of Association incorporated 4 November 1993 as amended 29 September 2010 and registered at Companies House 5 January 2011.

Nottinghamshire Deaf Society is a company limited by guarantee governed by its Memorandum and Articles of Association, as above. The company commenced activities on 1st January 1995. It took over all the assets and activities of the unincorporated Nottingham and Nottinghamshire Society for the Deaf, which had been in existence since 1890. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the Company and there are currently 28, each whom agree to contribute £1 in the event of the charity winding up. Each member has one vote and the rights and privileges of members cannot be transferred.

Recruitment and appointment of trustees

As set out in the Articles of Association, Directors of the company cannot number less than three, or (unless otherwise determined by a General Meeting) more than ten. The Directors (who are the Trustees of the Charity) shall nominate the Chair of the Directors. The Directors have the power to appoint any person to be a member of the Board of Directors, either to fill a casual vacancy or add to the existing Committee, up to the determined maximum number.

The Board of Directors may therefore wish to co-opt Company Members or other persons who possess the necessary skills and knowledge required by the Board. All co-opted Directors will be subject to nomination and election at the following AGM.

All Company Members are circulated details of retiring Directors and newly-proposed Directors prior to the AGM. Every newly-proposed Director, and every Director seeking re-election, is required to prepare and present information about his or her background, experience and reasons for wanting to be a Director of the Charity.

Page 10

Nottinghamshire Deaf Society

known as NDS

Trustees' Report

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Nottinghamshire Deaf Society for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.

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

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

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:

......................................... Tim Hastings Trustee

Page 11

Nottinghamshire Deaf Society

known as NDS

Independent Examiner's Report to the trustees of Nottinghamshire Deaf Society

Independent examiner’s report to the trustees of Nottinghamshire Deaf Society ('the Company')

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member and Fellow of the Association of Charity Independent Examiners, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

......................................

John O'Brien MSc, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners

Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL

Date:.............................

Page 12

Nottinghamshire Deaf Society

known as NDS

Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments
Donations and
legacies
2
Charitable
activities
3
Other trading
activities
5
Investment
income
6
Total Income
Expenditure on:
Charitable
activities
7
Total
Expenditure
Gains/losses on
investment assets
Net
(expenditure)/income
Other
recognised gains
and losses
Actuarial gains
on defined
benefit pension
schemes
Net movement in
funds
Reconciliation of funds
Total funds
brought forward
Total funds
carried forward
17		 Unrestricted
£
from:
35,837
608,072
24,840
17
668,766
(686,299)
(686,299)
7,203
(10,330)
-
(10,330)
435,794
425,464		 Restricted
£
-
24,710
-
-
24,710
(16,465)
(16,465)
-
8,245
-
8,245
2,140
10,385		 Pension
reserve fund
£
-
-
-
-
-
(38,000)
(38,000)
-
(38,000)
170,000
132,000
(1,025,000)
(893,000)		 Total
2022
£
35,837
632,782
24,840
17
693,476
(740,764)
(740,764)
7,203
(40,085)
170,000
129,915
(587,066)
(457,151)		 Total
2021
£
96,762
633,284
3,500
916
734,462
(703,730)
(703,730)
11,780
42,512
(155,000)
(112,488)
(474,578)
(587,066)

The notes on pages 18 to 33 form an integral part of these financial statements.

Page 13

Nottinghamshire Deaf Society

known as NDS

Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

These are the figures for the previous accounting period and are included for comparative purposes

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Other trading activities
5
Investment income
6
Total Income
Expenditure on:
Charitable activities
7
Total Expenditure
Gains/losses on investment assets
Net income/(expenditure)
Other recognised gains and losses
Actuarial gains on defined benefit
pension schemes
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
17		 Unrestricted
£
96,762
587,854
3,500
916
689,032
(623,250)
(623,250)
11,780
77,562
-
77,562
358,232
435,794		 Restricted
£
-
45,430
-
-
45,430
(46,480)
(46,480)
-
(1,050)
-
(1,050)
3,190
2,140		 Pension
reserve fund
£
-
-
-
-
-
(34,000)
(34,000)
-
(34,000)
(155,000)
(189,000)
(836,000)
(1,025,000)		 Total
2021
£
96,762
633,284
3,500
916
734,462
(703,730)
(703,730)
11,780
42,512
(155,000)
(112,488)
(474,578)
(587,066)

The notes on pages 18 to 33 form an integral part of these financial statements. Page 14

Nottinghamshire Deaf Society

known as NDS

(Registration number: 02868934) Balance Sheet as at 31 March 2022

Note
Fixed assets
Tangible assets
10
Investments
23
Current assets
Debtors
11
Cash at bank and in hand
12
Creditors: Amounts falling due within one year
13
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more than one year
14
Net assets excluding pension liability
Pension scheme liability
15
Net liabilities including pension liability
Funds of the charity:
Pension reserve fund
Restricted
Unrestricted income funds
Unrestricted
Total funds
17		 2022
£
294,692
64,303
358,995
68,972
142,315
211,287
(90,537)
120,750
479,745
(43,896)
435,849
(893,000)
(457,151)
(893,000)
10,385
425,464
(457,151)		 2021
£
298,047
57,100
355,147
87,578
143,268
230,846
(98,688)
132,158
487,305
(49,371)
437,934
(1,025,000)
(587,066)
(1,025,000)
2,140
435,794
(587,066)

For the financial year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The notes on pages 18 to 33 form an integral part of these financial statements.

Page 15

Nottinghamshire Deaf Society

known as NDS

(Registration number: 02868934) Balance Sheet as at 31 March 2022

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 13 to 33 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:

......................................... Tim Hastings Trustee

The notes on pages 18 to 33 form an integral part of these financial statements. Page 16

Nottinghamshire Deaf Society

known as NDS

Statement of Cash Flows for the Year Ended 31 March 2022

Note
Cash flows from operating activities
Net cash income/(expenditure)
Adjustments to cash flows from non-cash items
Depreciation
Investment income
6
Actuarial gains on defined benefit pension schemes
Permanent Funds - Resources expended
General Funds - Other recognised gains/losses
Charifund investment income
Working capital adjustments
Decrease/(increase) in debtors
11
(Decrease)/increase in creditors
13
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
6
Purchase of tangible fixed assets
10
Net cash flows from investing activities
Cash flows from financing activities
Loans and borrowings
13
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March
Reconciliation of net cash flow to movement in net funds
Decrease in cash
Net funds at 1 April 2021
Net funds at 31 March 2022		 2022
£
129,915
18,092
(17)
(170,000)
38,000
(7,203)
-
8,787
18,606
(12,997)
14,396
17
(14,737)
(14,720)
(629)
(953)
143,268
142,315
(953)
143,268
142,315		 2021
£
(112,488)
14,072
(916)
155,000
34,000
(11,780)
885
78,773
(22,031)
16,451
73,193
31
(16,197)
(16,166)
50,000
107,027
36,241
143,268
107,027
36,241
143,268

All of the cash flows are derived from continuing operations during the above two periods.

The notes on pages 18 to 33 form an integral part of these financial statements. Page 17

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Nottinghamshire Deaf Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Page 18

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Legacy gifts are recognised on a case by case basis following the grant of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Page 19

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £1000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Buildings 2% straight line
IT & Office equipment 33% straight line
Fixtures & fittings 10% straight line

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 20

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted income funds are those grants for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

The charity also operates a defined benefit pension scheme. Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.

The liability recognised in the Balance Sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.

Page 21

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

2 Income from donations and legacies

Donations and legacies;
Donations from individuals
Legacies
Grants, including capital grants;
Government grants
Grants from other charities		 Unrestricted
funds
General
£
13,249
16,063
3,925
2,600
35,837		 Total
2022
£
13,249
16,063
3,925
2,600
35,837		 Total
2021
£
-
-
87,612
9,150
96,762

3 Income from charitable activities

Interpreting fees
Training fees
Contracts
Grants
Sundry receipts
4
Grants & donations
Nottinghamshire County Council
Legacies
One Family Foundation
Sundry donations
JN Derbyshire Trust
HMRC (JRS)		 Unrestricted
funds
General
£
296,331
62,555
248,720
-
466
608,072		 Restricted
funds
£
-
-
-
24,710
-
24,710
Unrestricted
funds
£
-
16,063
-
13,249
2,600
3,925
35,837		 Total
2022
£
296,331
62,555
248,720
24,710
466
632,782
Restricted
funds
£
24,400
-
220
90
-
-
24,710		 Total
2021
£
336,589
10,353
240,168
45,430
744
633,284
Total
£
24,400
16,063
220
13,339
2,600
3,925
60,547

Page 22

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

5 Income from other trading activities

Unrestricted

General
£
Trading income;
Other trading income
24,840
24,840
6
Investment income
Unrestricted
funds
General
£
Interest receivable and similar income;
Interest receivable on bank deposits
17
Other income from fixed asset investments
-
17
7
Expenditure on charitable activities
General
funds
£
Restricted
£
Pension
fund
£
Wages, NI &
pensions
485,786
12,448
-
Recognised pension
costs (FRS102)
-
-
38,000
Travel & expenses
9,556
343
-
Freelance
interpreting
107,776
-
-
Other staff costs
6,522
82
-
Volunteer Expenses
-
2,149
-
Training
704
-
-
Payroll &
bookkeeping
1,379
-
-
Legal & professional
fees
2,175
-
-
Page 23		 Total
2022
£
24,840
24,840
Total
2022
£
17
-
17
Total
2022
£
498,234
38,000
9,899
107,776
6,604
2,149
704
1,379
2,175		 Total
2021
£
3,500
3,500
Total
2021
£
31
885
916
Total
2021
£
535,168
34,000
5,666
59,545
2,698
1,734
265
1,525
1,600

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

Other finance costs
Telephone &
internet
Office consumables
& equipment
Licences &
maintenance
Fees & subscriptions
Cleaning
Building
maintenance &
repairs
Utilities
Insurance
Building
consumables &
equipment
Catering &
refreshments
Project costs
Advertising &
marketing
Sundry expenses
Bad debts
Depreciation		 General
funds
£
2,309
2,096
1,916
5,052
1,600
2,250
7,835
9,310
8,209
2,037
35
8,878
608
2,032
142
18,092
686,299		 Restricted
£
-
110
56
411
-
-
737
-
-
9
-
-
-
120
-
-
16,465		 Pension
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
38,000		 Total
2022
£
2,309
2,206
1,972
5,463
1,600
2,250
8,572
9,310
8,209
2,046
35
8,878
608
2,152
142
18,092
740,764		 Total
2021
£
1,211
3,200
5,571
5,916
1,692
2,800
6,664
6,463
7,022
918
5
3,513
107
2,335
40
14,072
703,730

Page 24

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

8 Net incoming/outgoing resources

Net (outgoing)/incoming resources for the year include:

Depreciation of fixed assets
9
Staff costs
The aggregate payroll costs were as follows:
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
FRS Costs		 2022
£
18,092
2022
£
446,595
32,599
19,040
38,000
536,234		 2021
£
14,072
2021
£
475,062
36,517
23,589
34,000
569,168

The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:

Average number of employees 2022
No
23		 2021
No
22

18 (2021 - 18) of the above employees participated in the Defined Contribution Pension Schemes.

1 (2021 - 1) of the above employees participated in the Defined Benefit Pension Schemes.

Contributions to the employee pension schemes for the year totalled £19,040 (2021 - £23,589).

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £47,509 (2021 - £50,116).

Page 25

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

10 Tangible fixed assets

Cost
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
11 Debtors
Trade debtors
Prepayments
12 Cash and cash equivalents
Cash on hand
Cash at bank		 Buildings
£
582,616
-
582,616
300,699
11,652
312,351
270,265
281,917		 IT & Office
equipment
£
170,115
1,776		 Fixtures &
fittings
£
130,814
12,961		 Total
£
883,545
14,737
898,282
585,498
18,092
603,590
294,692
298,047
2021
£
66,303
21,275
171,891 143,775
155,460
5,497		 129,339
943
160,957 130,282
10,934 13,493
14,655 1,475
2022
£
66,708
2,264
68,972
2022
£
89
142,226
142,315
87,578
2021
£
159
143,109
143,268

Page 26

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

13 Creditors: amounts falling due within one year

Bank loans
Trade creditors
Other taxation and social security
Accruals		 2022
£
5,475
19,838
32,441
32,783
90,537		 2021
£
629
25,302
54,093
18,664
98,688

Bank borrowings

Nat West Bounce Bank Loan is denominated in Sterling with a nominal interest rate of 2% (2021 - 2%), and the final instalment is due on 10 July 2030. The carrying amount at year end is £49,372 (2021 - £50,000).

Repayments commenced 10th February 2022. Prior to this date, interest only was charged of £613.40. Thereafter the effective interest rate is 2.15%. Repayments will be at £544.63 per month, ending 10th July 2030.

14 Creditors: amounts falling due after one year

Bank loans 2022
£
43,896		 2021
£
49,371

15 Pension and other schemes

Defined benefit pension schemes

Nottinghamshire County Council Pension Fund

The charity participates in the Nottinghamshire County Council Pension Fund, a multi-employer defined benefit final salary scheme. The scheme is administered for the benefit of Local Authority employees and other bodies and is managed in accordance with the Local Government Pension Scheme Regulations 2013. The administering authority for the Fund is Nottinghamshire County Council.

Contributions to the scheme are determined with advice of independent qualified actuaries on the basis of triennial valuations using the projected unit method.

The date of the most recent comprehensive actuarial valuation was 31 March 2019. In accordance with Financial Reporting Standard 102 (FRS 102), the actuaries have undertaken a valuation of the assets and liabilities of the scheme at 31 March 2022. Pension scheme assets are measured using market values. Pension scheme liabilities are measured using a projected unit method. The “present value of scheme liabilities” has been arrived at by projecting the results of the last full valuation as at 31 March 2019 forward to 31 March 2022.

Page 27

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

The total cost relating to defined benefit schemes for the year recognised in profit or loss as an expense was 38,000 (2021 - £34,000).

The total cost relating to defined benefit schemes for the year included in the cost of an asset was £nil (2018: £nil).

Reconciliation of scheme assets and liabilities to assets and liabilities recognised

The amounts recognised in the statement of financial position are as follows:

The amounts recognised in the statement of financial position are as follows:
Fair value of scheme assets
Present value of defined benefit obligation
Defined benefit pension scheme deficit		 2022
£
1,558,000
(2,451,000)
(893,000)		 2021
£
1,473,000
(2,498,000)
(1,025,000)

Defined benefit obligation

Changes in the defined benefit obligation are as follows:

Present value at start of year
Current service cost
Interest cost
Actuarial gains and losses
Foreign exchange differences
Benefits paid
Contributions by scheme participants
Present value at end of year		 2022
£
2,498,000
16,000
50,000
(76,000)
5,000
(44,000)
2,000
2,451,000

Fair value of scheme assets

Changes in the fair value of scheme assets are as follows:

Page 28

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

Fair value at start of year
Interest income
Return on plan assets, excluding amounts included in interest income/(expense)
Employer contributions
Contributions by scheme participants
Benefits paid
Administration expenses
Fair value at end of year		 2022
£
1,473,000
29,000
89,000
10,000
2,000
(44,000)
(1,000)
1,558,000

Analysis of assets

The major categories of scheme assets are as follows:

Cash and cash equivalents
Equity instruments
Debt instruments
Property
Investment funds
Return on scheme assets
Return on scheme assets		 2022
£
87,000
944,000
152,000
200,000
175,000
1,558,000
2022
£
118,000		 2021
£
67,000
955,000
150,000
150,000
151,000
1,473,000
2021
£
265,000

The pension scheme has not invested in any of the charity's own financial instruments or in properties or other assets used by the charity.

Principal actuarial assumptions

The principal actuarial assumptions at the statement of financial position date are as follows:

Discount rate
Future salary increases
Future pension increases		 2022
%
2.60
4.30
3.30		 2021
%
2.00
3.85
2.85

Page 29

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

Post retirement mortality assumptions

Current UK pensioners at retirement age - male
Current UK pensioners at retirement age - female
Future UK pensioners at retirement age - male
Future UK pensioners at retirement age - female		 2022
Years
22.00
24.00
23.00
26.00		 2021
Years
22.00
24.00
23.00
26.00

16 Charity status

The charity is a company limited by guarantee and consequently does not have share capital. Each of the Members is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

17 Funds

Unrestricted funds
General
General fund
Restricted funds
Community space improvements
Community Centre
Total restricted funds
Endowment funds
Other funds
Pension reserve
Total funds		 Balance at 1
April 2021
£
435,794
2,140
-
2,140
(1,025,000)
(587,066)		 Incoming
resources
£
668,766
310
24,400
24,710
-
693,476		 Resources
expended
£
(686,299)
(921)
(15,544)
(16,465)
(38,000)
(740,764)		 Other
recognised
gains/(losses)
£
7,203
-
-
-
170,000
177,203		 Balance at
31 March
2022
£
425,464
1,529
8,856
10,385
(893,000)
(457,151)

Page 30

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

Unrestricted funds
General
General fund
Restricted
Community space improvements
Community Centre
Domestic Violence Project
Big Lottery Community Fund
(Covid)
Total restricted funds
Endowment funds
Other funds
Pension reserve
Total funds		 Balance at 1
April 2020
£
358,232
2,140
-
1,050
-
3,190
(836,000)
(474,578)		 Incoming
resources
£
700,812
-
15,400
-
30,030
45,430
-
746,242		 Resources
expended
£
(623,250)
-
(15,400)
(1,050)
(30,030)
(46,480)
(34,000)
(703,730)		 Other
recognised
gains/(losses)
£
-
-
-
-
-
-
(155,000)
(155,000)		 Balance at
31 March
2021
£
435,794
2,140
-
-
-
2,140
(1,025,000)
(587,066)

The specific purposes for which the funds are to be applied are as follows:

Community Space Improvement - For the improvement or renewal of fixtures and fittings in community and social use spaces in the premises.

Community Centre - For provision of community space and activities for deaf and hard of hearing people and community groups.

Domestic Violence Project - For partnership working with local Domestic Violence organisations to improve awareness amongst staff and deaf people of issues relating to domestic violence and abuse. The amount shown was an underspend which was returned to the funder in the year.

Welfare rights - For provision of a welfare rights support, advice and advocacy service for those who are deaf or hard of hearing.

Big Lottery Community Fund (Covid) - Provision of additional volunteer befriending support for deaf and hard of hearing people. Provision of a tablet computer loan scheme for isolated deaf people.

Page 31

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

18 Analysis of net assets between funds

Unrestricted

Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Creditors over 1 year
Pension scheme liability
Total net assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
Creditors over 1 year
Pension scheme liability
Total net assets		 General
£
294,692
64,303
200,902
(90,537)
(43,896)
-
425,464
Unrestricted
General
£
298,047
57,100
228,706
(98,688)
(49,371)
-
435,794		 Restricted
£
-
-
10,385
-
-
-
10,385
Restricted
£
-
-
2,140
-
-
-
2,140		 Pension fund
reserve
£
-
-
-
-
-
(893,000)
(893,000)
Pension fund
Reserve
£
-
-
-
-
-
(1,025,000)
(1,025,000)		 Total funds
£
294,692
64,303
211,287
(90,537)
(43,896)
(893,000)
(457,151)
2021
Total funds
£
298,047
57,100
230,846
(98,688)
(49,371)
(1,025,000)
(587,066)

19 Fees payable to independent examiner

During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:

Independent examination
Other financial services		 2022
£
1,600
1,352
2,952		 2021
£
1,600
1,420
3,020

Page 32

Nottinghamshire Deaf Society

known as NDS

Notes to the Financial Statements for the Year Ended 31 March 2022

20 Taxation

The charity is a registered charity and is therefore exempt from taxation.

21 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

22 Related party transactions

There were no related party transactions in the year.

23 Fixed asset investments

Other investments

Cost or Valuation
At 1 April 2021
Revaluation
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Unlisted
investments
£
57,100
7,203
64,303
64,303
57,100		 Total
£
57,100
7,203
64,303
64,303
57,100

At the year end the charity held the following investments: M&G Charifund Accumulation Units, 217 units with a market value of £64,303.

Page 33