Charlty Roglstratlon No. 1065021 Company Reglstratlon No. 03389496 (England and Wales) MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 MERSEYSIDE SOCIETY for DEAF PEOPLE MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE LEGALAND ADMINISTRATIVE INFORMATION Patron l (Yd sall8tr￿Jry Trustees Mr BaryAvison Mr Andrew Goothvin rrreasurer) Mrs Elaine McDonald (Chair) Mrs Jennifer Jone5-Gray Mr Dalryd Reader {Appoinl8d 23 April 2024) Charlty numbor 1065021 Company number 03389496 Reglstered office QLwns Drive Retail Park West Derby Lrverpool L130DJ Auditor Mit¢hell Charlesworlh (Audit) Limit•d Suites C,D,E & F 141h Floor The Aaza 100 Old Hall Strèèt LNerpool E￿land L3 gaj Bankors Barclays Bank PLC Lfverpool West Derby 39 Mill Lane LNerpcK)I L12 7HY NatW8St Bank PLC 2-8 Church Street LNerpcKA L138G Hagstone 1st Fl¢X)r Clareville House 26-27 Oxendon Street London SW1Y 4EL Soll¢ltors ACSL Solicitors Suite 3 4c Exchange C￿rt 1 Dalg Stroet LNerpool L2 2PP MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE CONTENTS Page Chalman's statement Trustee5' reF 3-12 statement of trustees, responsibilities 13 Independent auditorfs report 14-16 Statement of financial acttvit 17-18 Batance sheet 19 Statement of cash 20 Notes to the financial statements 21-36 MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE CHAIR'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 l am pleased to r8POrt that the year has been one of stabilty and consolidation for the team at MSDP. After finalising the charitys latest Business Strategy and Plan, the Board has focused on gov8mance, ensuring the charity is wo11 managed and is able to provide qu￿ty aThJ 5af8 for those comMun￿9S that ttjm to ilq frjr support. In January we concluded a small restrucaure of seTvlces faulitated the expansion of our fronuine Advice and 8upport Service which leads on our drop in and appoinlment duty sessM)n¥. We have seen growth in our Community Support Servsce and of Deaf people accessing our duty sessior*s. Financially, our careful ￿Hnagement and Investrnent of charitable resources has stood us in good stead amidst continuing challenges and competition for funds that our sector face. Staff devdopment has also been a prnrity for the year, with a number of staff uJrr8nlly undertaknng funded apprentFceships in leadership and finance. I V￿lId like to extend my thanks to LN8rpool Football Club and the Live￿001 City Region Combined Authority for their support in aceessing the Apprenticeship Transfer l evy. In April we conducted a staff wellbeing survey, and Trustees were delighted to see high levels of satisfaction amongst the team. Highllghts of the year indude: Strengthened 9ovemanGe acr￿￿￿ the organisation to ensure that the tharity 13 financielly strong, well run, resilient and ready to meet the changing defflands of our communities. Successfulty securing a threo year contract Liverpwl Cty Counal to provkle hearing loss services. Increasing communty engagement to ensure our uJmmuntti85 are able to inlluen¢e our current and future Servi￿$. Investing in the digital lnfrastrvcw￿ of the chaffty Indudlng a new Customer Relatlonship Management {CRMI platform and intemal Leaming Management System {LMS) to expand our capauty to train staff and vdunteer5 intemally. Launching our first e4eaming packages to in¢rease the number of fronUine professionals with awarenèss of the barri8rs ￿pIe with hearing loss fate when accessing health and social care $8Thices. Building key relationships with k￿al stakeholders to tackle digital exdusion. financial exclusion. improv8 health and wellbeing,. as well as edvcaling Deaf people at risk of male crime and romance fraud. Continuing our programme of hosting uvic placements for Liver1￿1 John Moores Untversity, nursing students as well as 12 week placements for Heriot Watt BSL languag8 Students. Future plans MSDP is aware of the skills shortage nationally of Deaf tutOTS and of registered Deaf-Blind Inte￿eters. We will be working locally and nationally with pathers, induding Signature. to establish collaborations to support the development of our training programmes and our training team. In rosponse to feedback from our communitb8s. MSDP is committed to developing new Servi￿ for fa￿llieS of Deaf ildren and Deaf parents. We will be proactwely seeking funding over the next year to d8lNer projects whith SUPPOrt local familigs and oxpkK8s OPP￿initieS to leam sign language. We will Con￿nUe to support the most vulnerable peopte across our region. Staff have reported an incrpas8 in the numbers of vulnerable adults seeking support for very ￿MpleX issues requiring multFagency response. ArJTJiliuii(%IIy. dè wi fiviiuiiiv t4tdff air Deaf and hav¢ mU￿MOda] GOtnmUniGation methods induding International Sign Language we have experienced an in(¥ease in Deaf aswum seekers, refugees and migrants sèeking support through our Duty serwce. part of our fundratsing ￿an, the team is Sooking lo secure fijnds to further expand on our offer to these client groups. Once again. I'd like to thank our Deaf and hard of hearino o)mrwnity and swal groups across Liverpool and Wirral for their continued trust and SUPFKXI. MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE CHAIR'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 And finalty. MSDP would not be able to deliver services to make th& irnpa￿ that we do. wthout the skill and dediGalion of its staff, volunteers, extemal Djnsultants and without the support of indNiduals and organisations that made donations and funded our work. From our collaborative work with NHS Trusts on improving equality of access to our frontline staff empowering dients to achieve and enjoy the ordinary anej extraordinary things in lrfe. we are here lo seNe you. Elaine McDonald Chair of Trustees MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED 30 SEPTEMBER 2024 Th8 trustéès present their annual rep(Kt and finanoal statements for year ￿ded 30 S8Ptember 2024. The financlal statem&nts have been prepared In accordance with the accounting puliLi¥s sel out in note 1 to the financial statements and comply wÈth the chartws Memorandum and Articles of association, the Companies Act 2006 and"Accounting and Reporting by Charities: Statement of Recommended Practice applicafjle to chanbes preparing their acLounts in accordance with the Financial Rewxbng Standard applicable in the UK and Republic of Ireland IFRS 102}. (effective 1 January 2019)- Mission Statement "MSDP worklng In partnerships. brlnglng together Deaf and hearing communltles to creats more arGe55iblo sefVIGCS.- "DeatrDeaf deaf. Hard of Hearing and Deaf-blind The Board of Management. staff and vdunteer5 arB committed to upholding th8 organisations Core Values. The values of MSDP have recently b8en reviewed and the values highlighted below will pn)vlde a fotrtdation for successful growth and developm•nt of semces in the future. We are MSDP we are PROUD Profess￿nal Respecthil Open communication Unique seM¢es Daaf awara Objecliv•s and aclmtlos From the Memorandum ofkno(iation, Ihe Ma￿ object of the thaiity is. in the old-fashioned language Yhe relief of persons who are Deaf. Deaf Blind and hard of hearing (Tr ber￿￿00￿¢S.) This is Garried cMJt in MSDP through: . Providing environmental aid3 equipment to beneficiaries in their own home¥ to enable them to live independendy. These serwces ar8 available in Wirral and LFverFQOI. Providing pgrson-centred soual Ca￿ outreach seNlces to vulnerable and Isolated people in th8ir own hom8s, promoting independence. wellbeing and connecting them with soaal and cultural activities. Providing British Sign Language {8SL} and deaf awareness training to a wide range of individuals and organisations to promote and encourage better trÈ8tmenl of (8.g. cnmmunication wth. attitudes towards) th8 beneficiaries in the hearing V￿rtd. Providing employment and volunteering opportuniknes for beneficiaries in the tharity where they can receive training and developmenl in an accessible enwronment Creating and maintaining effeL*ve partnerships to delrrfer our ￿lectIveS In Ihe serrflc8 of our beneficiaries. Facilitating social Inleryd¢tiC￿ and recreation a￿￿￿st beneficiaries arKI beknn them and hearing people through the provision of a communty spaco and supporting rmimunty acttwti8s in a variety of ways. - Raisln9 funds to cary wt th¢ ￿lmI￿ Gf the Ghaiity. Under5tandlng and reportlng on Publ1¢ Benefft The Trustees of the Merseyside Society for Deaf People are fully aware of and understand the ￿qu1￿ment lo report on the chariVs activrties in relation to Public Benefit, as set out in the Charity Commi55icffl's guidance. The Tnjstees have paid due regard to the guidance when managing the activtties of the charity and in rèEvrtina on its activities in this annual report. MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achlovements and perforniance Premises MSDP is based in Iwo premises to help them achieve the purposes of the tharity. One in Liverpool on Queens Drive Retail Park and the second as ccplocated partners wthin the offices of Wirral Sothty of the Blind and Partially Sighted in Birkenhead. The charity continues to support Wirral Deaf Communlty funding their weekly room hir$ of Our Lady of Lourdos in Birkanhoad. Smali8r groupg utili£0 community spaco at noalby Wirral Society of Blind and Partially Sighted where our drop-in Duty SeNice is also based. The Queens Drive building rents space to organisalions (when tl is not in use by our own departments and community) to help raise funds lowards the maintenance of the building and thus support the Gharitable actiwties of the organisation. Training and Communicatw SeThices The charity proNlldes BSL and DeafAwareness courses to Corpo￿18 and indivkdud d￿. We welcomed Apprentice Tutor Jennrfer Sealey to the team in November 2023 and would like to tske thi5 opportunty to congratulate her on achieving her Level 3 tsaching qualffication. Jennrfer has bèen nvolved in delivering Deaf Awareness and British Sign Language and just recenty 100% athieved pass rate for her first group of BSL Level 1 students whic* is a great ac*ievemenL This year we have delivered Deat Awareness anu Introduction to BSL to a number of Organi￿lon5 including HMP Liverpool, Liverpool Football Club, South LNerpcd Homes, Sefton Carer5 Service. Hollyoaks cast and crow and The Beatles Story who also had an access audit with recommendations on accessibility for deaf p80pIo. We also supported a teenage CODA (thild of a deaf adult) to athieve th8ir BSL Level 1 qualrficatim. Our working partnership with UnNersty of LÈv&rpool continues with a new o)hort of Medical Students attending Deaf Awareness Training to improve their C￿￿nMUnICation skills (JJmm8ncing in S8Pt8mber ?0?4. 18n Corkhiim was invited to attend a Medical Conference at the Universty of Warwick in July to showcase the partnership work belween MSDP and the Universty of Liverwd in relation to the DeafAwarene38 workshop for medical atudents. In February Training Project Lead. lan Cockbum wa3 invrted to attend an interwew with BBC Radio M¢r¥eysSde lo discuss his views on the announcement of GCSE BSL being launched on the national curriculum. In September 2024 MSDP launched the thariWs first DeafAwaren8ss ￿earning packages and our new Level 4 BSL Course also went live. During October 2023 to September 2024 a total of 981 delegates attended a Deaf Awareness or introduction to BSL session. 55 students undertook one of our Brilish Sign Language courses in tha financial y8ar. Communication semces form, 8 Small but important part of our tharitsble offer. We 8re grateful for the hard work of all our freelance BSL Intwpreters who choose to register with us and cOr￿letsd 762 Interpr8ter bookings in the financial year. Communty Support Services Kevin Bradley was appointed to thg role of SupF(rt Services Mgnoger in October 2023. drknng forward 8 thanga programme for the departmenL Rotas Implemeniatlon OT Ihe Care Planner ro￿ system now mean5 all Staff are able to Ihelr shtit5. Al Support Workers have fixed shfft5 whith helps manage the serwces morè efficiently. In addition, the Support Workers are able lo log in and out of the shrfts via the rota app and the manager is able to monitor the whereabouts of the team. For any late109 ins, the Care Planner sofvare alerts the manager after 10 minutes of no activity. This makès planning so much easier as we can now plan in advance of up to 6 months and diS￿sS with dients and their families about their prefetred supporting hours. This has also improved slaff wellbeing as support workers are now able to book annual leave in advance and the Manager can easily plan the rota. MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Cllent records A5 part ol MSDP's digildl lransfonTldli￿, all key dO(￿M￿nts weie reviewed and transferred into the Care Planner system. This induded SUP￿ Plans, Consent forns, Healih PassporL MSDP Risk Assessment. Safeguarding Risk Assessment. Premises & Environment Risk Assessment. This has enabled the ieam to improve and facilitate our peTson-centred services. Support Workers have been assigned the key worker roles for nominated clients, with the support from the Manager. the support workers are then able to work with the clients and go through all area8 of support need8d. Thon dis(JJss tho risks and how to manage the risks effectively. All ctients have new folders each that has detai15 of their 5upporL infomation relating to their health. As with the docum8nts, all support workers use the app to corylete tasks and day notes, they can also read thr(￿gh any updates to the supp(rt plan for thal dienL A5sessfflent of need5 fuffli WdS LTedted by Sdrah-Jane and a wsit to all of the Glients were completsd with the scope to look at how we can improve support and use the infonnation onto the support plan. A spot check fonn was Greated by the Manager a view to irrproving the standards of support workers and how they conducl themselves within work and V￿th their d￿nts. This 15 linked up to their trauiing and prof8ssional developmenl plan. Training Wrth the introduction of the training online. all support workers are able to complete either from ¢)ffiGe pla¢e or from home should they wish to ¢omplete it further. All support workers have completed their mandatory training. bupervisions are being completed and all support workers have reponed that Ihey are in a happy pla￿, they leel supported by their manager and there is flexibility around work4rfe balan￿. Team meetings are conducted on a monthly basis with an average attendance of 8-9 staff (we havè 15 in totsl induding bank staff). The team feel valued in th& méeting and a￿ able to express their C￿nC£m9 or isSU8s. all acti(￿￿ fn11nw￿p% were ￿)mpl￿ted by the next team meetlng. We offer support acTOSS all areas of LiverpcK4, Sefton and Wirral and this year the team were comff4ssioned to deliver 11.369 hours of community support. Our 8pec181i3m 13 our Ixjmmunication methods which includc Deaf- Blind Tactile Sign, Intemational Sign Language and British Sign Language. Successful outcomes for dients indud8: Realising an ambition for a Deaf-blind cllent who had always wanted to ty rock dimbing. Staff irrplemenled rtsk management plan and worked wth a rock dlmbln9 venue to en8t￿e to dient to iDin the group, whiGh he now participatss in we8kty. Supporbng a dient complex needs to Mstl a lrfelong friend in Newcasue. With the support from our team. hou￿ were moved around to enable the client to travel with supF￿ worker. His goal in 2025 is to travel around the UK more. Id8ntrfying that an 8ld8dy Deaf f8mal8, placed in a mainstream care hom8, wa5 in cognitivo decline due a lack of access to her first language BSL. MSDP consistently advocated for better access to ensure the client remains connected to her language and culiure. After a review meeting with Adult SorAal Care. support hours were agreed and the clEnt is much happier. A Deaf young lady who expressed a de￿re to mak8 swalise and make friends. MSDP staff identrf*d communlty basèd soclal dlsco sullab18 for her need5. Today. dient runs into the venuo and 5tart5 singing and dancing on the stage with her peers and has a new best friend. Her goal for 2025 is to travel to new places with support. Our specialism is our 8bility to prowde services f￿ Deaf and Deaf-Blind ind￿lIdUaL￿ who use BSL, D8af-Blind Manual and Deaf-81ind Hands on Signing, Sign Specific English or Intemational Sign Language as ther first or preferred language. The team in our support services continue to enable soN* of the most vulnerable peijple in Mcrscysidc to livo indopendontly, stay connected and thrive. MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Our focus in the year has been on reviewing the effectiveness of our suppcrt seprfices and developing our staff. During the year we have.. Advice and Support SeNice Following an organisational restructure in January 2024. the tgam was strengthened by the introduction of an Advice and Support Service Manager and hvo Advice and Support Officers. The team prowded 1.456 sessions of support to Deaf and Deaf-bllnd cllents thls year In Sefton, L￿erpOOl and the Wlrral. The servlce conlnues to be a gateway to a large array of malnstream septhes for L8olated Deaf p8¥le seeking support across a wide range of issues. In September 2024 MSDP vms awarded a small amount of funding through Our Liverpool to expand on our work with Deaf migrants. refugees and asylum seekers over three years. Environment8lAAls department Th8 Environm8nlal Aids department continua8 to acro88 Liverpool Cty and Wi￿al Borough Counril areas to ass8SS th8 needs of client5, installing and repairing equipment where required to maintain independen(* in their homes. This year our Rehabilitation oificers comp￿ted 1,097 hom8 visits to assess, fit and tepaii envtr(ntnental aids equipment. Use of new doortjell technology ha5 made efficient use of re30urces and has resulted in a reduction of requests for repairs. This has 8nabl8d th8 team to 8xpand outr8ath work through holding equipment demonstrations across our region. Communty Engag8ment Team As a user led charity we are shaping our user engagement plan to enable our communities to inffluer￿ our services. More than 60% of our staff team are dDeaf, we have dlDeaf Trustees and provide social Spa￿3 to the one of the largest Deaf Social Clubs in the county. MSDP'S Communty Engagement Manager Janice Connolly is the charitys representatsve at the Bntish Deat A5sooatwi's BbL Alliance. feeding in th8 views of D8af people in our region. In Summer 2024 we were grateful to the VOLA C{￿SOrtIuM tr a grant t(wards upgrading IT equipment in our computer room at Queen's Drive and to cover costs of enhancing our WIFI capability to ènabl8 community access. We have beon working with a Deaf IT enthusiast has deSNered seggions on basic IT. Liverpool un￿e￿Ity Foundations Hospital Trust SuprThtrng LUFHT to cr8ato a BSL sur￿ for DeaflHoH p￿)p￿. Seftcbn Council - sUP￿rtIng their En9agement and Ac￿SsIbl1ty OffirAr to improvo ar￿S to information for deaf peo￿8 Liverpool Women Hospital We are currenuy wothng with Liverpool Women's Digital Indusion team lead to make their hospital mor8 accessible. One Issue ralsed was how Inaccessible It is to contact the hospital independently as a Deal person. LWH now looking into the VRS Directories so that calls can be make to cancollchangel clarty appolntrnents and g￿0 Deaf people the same access to swllthl)oard as a hearing cU￿8￿￿Y discussing their atert system and how this can be changed to Indude a flag when a Deaf person needs a BSL Interpreter. This means all the infornation wll be available for the staff members on how to bcKik an Interpreter. We were invited to attend the PLACE asseSSrr￿nt at LWH to support wtth an action plan of spotbng inaccessible aspects within the hospital from the point of view of a Deaf person. This in¢luded intercoms. unreadable maps. lack of signage, lack of Interpreter booking policy awareness. . Stsff attended an Anti.racism Awareness EvenL MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 BDA British DeafAsso(AalM)n We have just met with the team running the new project called Deaf Touether. Al staff will have recewed an email regarding the Deaf at Work (ATW) survey and were asked to complete. NSPCC -Ary Holland . We have been working dosely with Knotty Ash primary sch(M)I, NSPCC and D8afn8ss Resou Centre in St Helens. to support the creation of a Cyber Bullying video for parents of dgaf thildren. This is due to be laund￿1 in December 2024. Police- Invltation to their annual evenL . Healthwatch Communty Engagement Board This is a new steering group set up to indude a variety of issues faced by disable(i and marginaliz8d peoFde. The first top￿ we have been discjjssing is acces3 to GP'S. . Merseyside Fire and Rescue SeNice- BSL999 Met to discuss issues for Deaf people and found that although MSFR knew about the launch of the BSL999 app, they needed more infonnation on tt. We ended up giving an educats.on session on the how Deaf people use the new app and the Va￿ery of aspects to rt. such as a chat function. Tate Gallery- accessibilty audit on Fdans to refurb the museum. Clatterbridge Hospiial Witral Auditibuikling assessment vrith community members. This was to support with an action plan of spotbng inacLessible aspects within the hospital from the winl of view of a Deal P8rson. Thiq inejijded inlerrxjms. unreadable maps. lack of signage. lack of Interpreter booking pollcy awareness. Community Events: Sewing aftemoon ￿ Wednesday evening and Thursday afternc￿n$ . Knitting and crochet Dog training- Delivered by an MSDP Volunteer. Cyber crime unit- M8Treyside Police . Cart)on monoxide- Royal Association of Deaf People Police horse (visit to the police stables to see how the keepltrain the horses) BSL walking group Yoga . Quizzes Halk)we8n thildren's paty . Christmas crafts Christmas thildren's paty Knrfe crime lalk from Dannjls Place charity History of the FI￿ Engine- extemal visit to Boole Fire Stati(m Museum Christrnas Fayre- £381 raised for MSDP Boy￿1 Cancer UK Visit to Merseyside Police Headquarters to show how fingerprints are obtained from a scene MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Visit to Worfd of Glass in St Helens Diab8tss di8tician Easter children's party Depresston I bereavement- SignHeallh SIgn￿Ve- explanation of th8ir direct PIP- green paper explanatM)n from Helen Fisher Summer Fayre- £490 rais&J for MSDP Mersey tunnel visit- Birkenhead Tunnel Macmillian Coffee Momlng £140 raised Save Energy at home- Healthy Homes Project from LGC Titanic Museum Trip Fraud talk delNered by Mors8yside Polic8 Wirral Healthwatch visrf( to get feedback . Deaf CAMHS-ADHD & Aubsm infornation Visit to the Recyding Centre in Fazakerley Chess lessons Liverpool Deaf Community and Joes Bar MSDP provFdes a room at Queen's Drtve th8 use of communty groups, which indudes a bar. 'Joes Barf funds ilqplf And is run by Liver￿01 Deaf Communty (￿lm[￿t￿e with the help of 14 volunt8er bar staff. Our w80kly twnetable is: Regular Groups.. Tuesday Aftemoon W8dnesday Aftemcwjn Hard of Hearing Elderly Pensioners Club (EPC) Thursday Moming Coffee Moming ThursdayAftemoon Friday Evening Sunday Evening Arts and Crafts sessions induding sewirrfJ Sports and Social Club St Vincenfs Parish Monthly Groups: Occasionally- Big Bingo Thank you to all the volunteers who continue to work in the bar and the Commtttee for their continued support. Wirral Deaf Communty Wirral Deaf Community continues to meet at Our Lady of Lourdes in Birkenhead. MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {CONTINUED}(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Fundraising a¢tivitie$ The landscape for trusts and foundations continues to be highty cx)mpetttive. However. we were grateful to secure £8,555 of applications from fvnders. We wish to express our gratitude to VOL4 Consortium's UK Shared Prosperity Fund for a grant of £8,017 Digital Conneetivity in Community Facilities grant to upgrade our IT room in Queen's Drivè. Douglas Arter Foundation fvnd8d new equipment for our sewing group. We also su¢cessfvlly bid for £31,933 of funding from Forester Family Ttust which will enab￿ the charity to seed fvnd development of new Servi￿ for familiés of Deaf children in 2025. We recewed a further £10.551 in donations, induding rrK)ney rai8ed by a team of Deaf women. int8rpr8t8rs and staff. Volunteers MSDP has a team of 11 vdunts8rn pryjviding frontline $UFWt to (wr in our cx)mmunty activltles and supporting extemal events. Volunteer5 had many reasons for seeking volunteer opportUn￿es. Som8 may hav8 attended a BSL course and wanted to improve Iheir signing skills. others wanted to support the communty and to use Ihelr slgn4ng skllls to help out in any way théy can. Volunteers are placed in different areas within the Charity to ensur8 they get to develop new skills, build on existing ones or simply help others to participate in their communty. Task d8SCriPtions- . ReceptionlAdmin Classri)om 5UPPOrt for students. . Activty Group Coordinatorlworker. Bar staff on Joe's Members, Bar. Partners A key objèetivè in the tharity's Businègs Plan 202Ck2023 was the developm8nl of partngr5hips. We wsh to say a huge thank you to our pariners and peers who have VKxked with us and supported us over the last year. We are Stronger together! DeafActive.' with thanks to Tr)int CEOS Thomas Maher and Katie Godfrey Deafness Resource Centre: with thanks lo Helen Filzgerald and the team Wirral Society of the Blind and Partialty Sb3hted.' wth thanks to Lynne Sedgewtck and the team The Deaf Health Charity SignHealth Bradbury Fields Deafness Support Network Deaf Chief Officers Group The 800 Group WiTral Health and Wellbeing CIC Well PlaG¢d {Liverpool'a I l¢alth and W¢llb¢ing Strat¢9iG LeadJ forum. Cor8 20+5 Wirral MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Financial review We overachieved this year our training off8r5 cC￿pared to our original budget by £13k and interpreting was £50k higher in incomo contributing £20k. We nood a focused strategy on tho sales of our frlgaming packagos for the coming year, working wrth a marketing consullant to set a su¢¢essful strategy going forwards. We have Gontinued to achieve $mall inGrEases to our main contracts. a trend we anticipate will continue. In addition io the LoGal Authority C(Mtracts, the main in(xJme the tharity ojmes from: Training Coutses Interpreting Services Rental of space Donations and legacies. The Board are satisfied with the charivs year end p0S￿On despite the thallenges that all tharities will have faced over the period. Trustees set a budget of an £85k operational defiryt based on income and expenditure. s worth noting that £52k of the end of year loss comes from legacy expenditure from a rent-free period and then depreciation. We still have approx. £400k in cash in a savings account. The Trustees are considering oplions to maximise tharitable reserves Ihrough elhiGal wiveStM￿ opwrtunfties suth as foresty. We are working with our tenants on the ground to separate utilty bills, whiGh we hcpe (wld save £20k per year. We have a granl budget of £80k for 2024r2025 and have secured £40k but the oulook for funding is still very challenging. Looking aheau: To secure an extension to our Wlrrdl SeNice Levd Agreement The Increase In costs due to cosi of liwng and Infia￿n are expecw io tsll in the next financial year. We are reviewing our training dePart￿￿t schedules, with our Head of Servi{￿s driving forward sal85 of our e-18aming packages Reforecast based on the govemmenys thanges to ErnplOy￿S National Insurance and National Minimum Wage Increases. We would lik8 to extend our thanks to the organisations who have $UPFfv)rted us to deliver vitsl priiects or sorvices ov8r tho y8ar. Vola Consortium DouglasArter Foundation Forrester Famity Trust Liverpool Cty Council Wirral Council Sefton Council Reserves pollcy The Trustees have remewed the Charity's need for reserves in line with guidance issued by the Charity Commission. The Trustees agree to the aim of holding at least three months running costs in free reserves on the understanding that the charivs frjnding is not certain and to ensure that the charity can run effectivèly and o)ntinue to meet the needs of its beneficiaries. Accountability The charity rnust comply wtth legislation and regulation in many areas of ils work, Induding: . data protection, staffing issues, selection. conditions. remuneration. discipline, grievan￿, InccAne Tax, National Insurance, h8alth and saf8ty, equality i&%uès. rac£. gender and disabilty. 10- MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORn FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees have assessed the major risks to whith the charity is exposed, and are satisfied that Syste￿ are in place to mitigat8 8xposur8 to the maior risks. strUc￿re, governan￿ and management Merseyside Society For Deaf People is a registered chartty and company limrted by guarantee. The charity is govprned by a rnemorandurn of asxociation, 13 June 1997. Revised and approved by Board and Members of the Deaf Community 31 March 2017. The company has no share capital. being a company limited by guarantee. The trustees, who are also the directors for the purpose of company law, and 7*hyo seDied during the year and up to the date ol signature of the finanrial statements were: Mr Bary A￿sOn Mr Andr8w Goodw"n (Treasurer) Ms Katherine McGunigle Mr John Brennan Mrs Elaine M¢Donald {Chairl Mrs Jennrfer Jones-Gray Mr David Reader (Reswjned 4 Febfuary 20241 (Resigned 23 April 2024) (Appointed 23 April 2024) The Trust￿ have Regular reviews of the (Xlmpan￿S Risk Register Review of our Business Continuity Plans Improvements to our Inductw)n processes which now indudes th8 requlrtrnent to sign up to the Charity Govemance Code Principles In(Trasing staff 8ngagement through staff suNeys and all stsff ￿￿etingS Inviting r8presenlatives from the Deaf Ccffnmunty to observe some Board meetings. Dedicated sub-gr(wps for Finance, Safeguarding and People & cUl￿re. Each 5uWroup is thalred by a designated Trustee Lead with suptth from staff. Our Patron is Lord Salisbury He says"l am very honoured to be a Patron of MSDP, partlculaty In vlew of my fam11￿9 long connection with the City of Liverpool, and it is a priwlege to be a supp)rter of suth an effective organisation. I wsh MSDP the very best of good fortune in the years to (J)n￿." Trustee Selection and Development The tharity rècruits Trustees onto thè board can ￿ntribUte to tho achievement of the charivs object based on their skills. experience and knowledge. We proactively seek to recruit Trustees with lived experience of dlDeaf i55ues from a variety of perspectives. Pruspective Truslees are asked lo (£Jmplete an applI￿110n fotm and skills audit which covers the experien¢e they can offer and their reasons for wishing to b8 a Trustee. After submitting the form, the prospective Trustee is interviewed by rep￿Sentst￿eS of the Board. The appointment of the prosr)ective Trustee is discussed at the next board meeting. and rf approved by a majority of Trijstees present, is invited to observ8 the board for a three month probation peri￿￿ before being formally registered with Companies House and tho Charity Commission. Any new Trutteg it takon through an induction procass that indudos mgoting staff toloam about our $eNeeg. attending DeafAwar8ness sèssions, completing trustee and safeguarding training. signing up the Charity Govetnance Code PtinGiple5. ProvKliri9 <1 thtEte rn￿7￿1 yericKJ before formally signing up a new Ttustee alk)ws but the Board and potential Trustee to get to know each other and to get a feel for the tharity and our objectives. All Trustees are valued and it's important they become familiar with the thaiity and are encouraged to take advantage of occasions to meet staff and ¢))mmunity rnernbe￿. 11 MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Audltor In accordance vith the companys articles. a resolution proposing that Mi¢hell Charlesworth (Audit) Ltd be re8ppointed as auditor of the company will be pul at a General Meetlng. Dlsclosuro of Inforniatlon to auditor Each of the trustees has Confirm￿ that thoro is no infomiatton of which they aro aware which 1$ ￿levant to the audit. but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify suth relevant information and to establish that the audiiur ib ￿are of such information. Small company provlslons This report has been prgpared in accordanco Y￿th tho $Po¢i41 prowsionB rolating to 8m811 o)mpanios within Part 15 of the Companies A The truste by the Board of Trustees. MrAnd Trustee Goodwin ITreasurnr) Dated.. ..Ig 12- MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 The tnjstees. who ar8 also the directors of Merseyside SO￿ for Deaf Peopbe for the purpose of company law. are responsible for preparing the Trustees, Report and the financial statements in accordance with applicab18 law and United Kingdom Accounting Standards (United Kyigdom GeneraltyAccopted Aecounting Practi￿). Company Law requires the trustees to prepare ffinanciaj statements for each financial year which gwe o trve and fair view of the state of affair5 of the charity and of the incoming resour￿ and application of resourcos. induding the income and expenditure. of the charrtable cornpany for that year. In preparing these finanaal statements. the trustees are required to: - select suitable accounting policies and th8n aP￿Y thèm C￿sIStenI1￿. - observe the methods and principles in the Chartties SORP; - make judgements and estimates that are reasonable and prudent. slate whether applicable UK Accounting Standards hav8 been followed. sutyect to any mal?rial dèpartures disclosed and explained in the finanual statements; - prepare the financial statements on the going concem basis unless it is inappropriats to pr8sun* that the charity will continue in operation. The trustees are responsible for keeping adequate accounting recrnls that disclose y•￿th reasonable accuracy at any tima tha financial position of tho charty and onablo thgm to ensurè that the financial statements comply with th• Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taklng r¥d¥Vll)mmunicated within th8 audit leam regularly and the tsam remained alert to instances of non-compliance throughout the aud 15- MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF MERSEYSIDE SOCIETY FOR DEAF PEOPLE We assessed the susceptibility of the ￿rnpanrfS financial statem8nts to material misstatement. including obtaining an understanding of how fraud M￿ht OC￿r. by: making enquiries of managem8nt as to vthern they considered there was sU￿pIlb1IIty to fraud. their knowlgdg8 of actual, suspgCt¢d and ￿lege￿ fraud: and considering the int8mal controls in place to mitigate risks ol fraud and non-complianc8 With laws and regulations. To address the risk of fraud through management blas and ov8md8 of controls, we: performed analyl.lcal proceoures to identtty any unusual or unexpected relatlonshlps: tested joumal entries to idenltfy unusual transactions: assessed whether judgements and aSsumpti(￿S made in deternining the a(xountlng estimates were indicative of potential bias., and Investigated the rationale behind signtfic%nt or unusual transa(lions. In r8sponse lo the risk of Irregularities and nOn￿p[lanCe with laws and regulation5, wo designed procedures %thich included. but were not limited lo: agreeing financial ststement disclosures to underlying suppcrting documentation. rcadiTtg the minutes of meetings of those charged with govemance., and enquiring of management as to actual and potential lil￿ation and daims. There Are inh8rent limitations in our audit prorAdur8s destribed above. The more removed that laws and regulations are from financial transactions. the less likety it that we ￿￿Uld become aware of non-compliance. Auditing 31andard$ al?0 limit the audit procedures required to identfy non-compliancc with laws and regulations to enquiry of the dir8Ctor5 and other management and the insFection of regUlat￿Y and legal correspondence. rf any. Material misststements that arise due to fraud can ￿ harder to detect than those that arBe from error as they may Involve deliberate conce8lmeN or collusion. A fvrther description of our responsibilthes is available on the Financial Rep(Kbng Council's website aL' https:11 wW.f￿.0rg.ukJauditOFsre$POnsibl1￿tie5. This de￿ptIOn fonns part of our auditorfs reporL Us• of our report This report is made solely to the thartlable cnmpanys members. as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audr( work has been undertaken so that we might stste to the charitaNe company's members those matt8rs we are required to state to them in an 8udrtoVs report and for no other purpose. To the fvllest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable mpany and the charttable companys member5 as a body, for cur audit work. for this report. or for the opinions we have fonned. LLYL(Q (LI( Loulse Casey (Senlor Ststutory Auditor) for and on behalf of Mltchell Charfesworth (Audttl Llmlted 3010412025 Accountants Statutory Audltor Suites C.D,E & F 14th Floor The Plaza 100 Old Hall Street Liv8fpooI England L3 9QJ 16- MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Current financial yèar Unrestricted Rostri¢ted funds tunds 2024 2024 Total Total 2024 2023 Donations and18garyes Charitable activities Investments Other income 12.432 833.956 98.882 3.859 12.432 650.343 98,882 3,859 6,748 877,057 75.063 9.404 16.387 Total income 949,129 16,387 965.516 968,272 Charitable activities 1.Cf>5.509 10,120 1.075,629 1.048.456 Total •xpendlture 1.065,500 10.120 1,075,629 1.048,456 N¢1 m•vement In funds (116,380} 6.267 {110.113) {80,184} Re¢on¢lllatlon of funds Fund balances at 1 October 2023 1.322.491 7.800 1.3302g1 1.410.475 Fund balanc•s at 30 Sèptsmbor 2024 1.2(￿.111 14,067 1.2ZO,178 1,33U,Z91 The statement ot tinancial acmies indudes all galns and losses recognised in the year. All income and expenditure derive from I￿ntinuIrVj acbvibes. The movement in funds detailed above complies with the requirements for a statem8nt of chang85 in equlty under FRS102. Th8 stalement of finanual activities also ccffiplifrs wilh the requirements for an income and expenditure account under the Companies Act 20(￿. 17- MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIALACTIVITIES {CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Prlor flnanclal year Unre5trictEd Restricted funds funds 2023 2023 Total 2023 Donations and legacies Charitable activities Investrn8nts other income 6,748 751,582 75.063 9.404 6,748 877.057 75,063 125,475 Total Incom• 842.797 125,475 968,272 nditure Charitable activities 912.981 135,475 1,048.456 Total expendltur• 912.981 135,475 1.048,456 Not movèmènt Sn funds (70.184> {10.CNX)) {80.184} Reconciliation of funds Fund balances at 1 C)ctober 2￿22 1.392.675 17,300 1.410.475 Fund balances at 30 September 2023 1,322.491 7,800 1,330.291 The ststement of finanual actNities indudes all gains and losses reo)gnised in the year. All Inm and expenditure derive from continuing activitiO5. The movetnent in funds detailed above cofflplies with the iequitements for a statement of thanges in equity under FRS102. Th8 Ststement of financial acttvitses also complie8 with the requir6mants for an incx)m& and exp8nditur8 account under the Companies Act 2006. 18- MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE BALANCE SHEET AS AT 30 SEPTEMBER 2024 2024 2023 Notes Flxgd assgts Inlangible assets Tangible a&%ets 12 13 7,524 1.137,717 9,900 1,129,936 1.145,241 1,139.836 Current assets Debtors Cash at bank and in hand 15 132,420 461,006 119,008 574,293 593.426 693.301 Credltors: amounts falllng due within onè yèar (137.276) {85,932) N81 curreffl assets 456,19) 607.369 Total assets Ivas current Ilabllltles 1.601.391 1.747.205 Credltors: amounls falllng due after more than one year 18 1381,213) {416.914} Not assets 1.220,178 1.330,291 Incorne funds Restricted funds Unrestricted fund General unrestricted funds Revaluation reservo 14.067 7.800 1.182.120 23.991 1,298.500 23.991 1.206,111 1,322.491 1,220.178 1.330.291 The fin nts>￿t￿ approved by the Tru5tep5 on .. . .. GoO￿1n ITreasurer) Tru Company reglstration number 03389496 MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024 2024 2023 Notss Cash flows from oporatlng aclMIIos Cash absorbed by operations 27 (128.840) (213,5481 Invostlng activities Purchase of intangible assets Purchase of tbngible fixed assets Investment income received {11,880) {13,694) 75.063 146.564) 98,882 Net ca9h general•d from Investlng activities 52,318 49.489 Financlng actlvitles Repayment of bank loans (36.765) {37.659) Net cash US￿ In flnanclng actlvltl•s (36.765) 137.659) Net decrease in cash and cash equivalents (113,287) 1201.718) Cash and cash equNalents at begInn￿g of year 574,293 776,011 Cash and cash equivalents at end of year 461,006 574,293 -20- MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies Charity inforrnation Merseyside Society for Deaf People is a private company limited by guarantee incorporated in England and Wales. The registered office is Queens Drive Retail Park. W8St Dert)y, LNerpool, L13 ODJ. 1.1 A¢countlng conventlon The financial statements have been prepared in accordanc8 with the charivs Memorandum and Articles of Association. the Companies Act 2006. FRS 102 Yh8 Finantial Reporting Standard applicable in the UK and Republic of Ireland. ("FRS 10T) and the Charities SORP 'Accounting and Reporting by Charitses.. Ststement of Rccommcndcd Pra¢tiw appli&2ble to tharitios proparing thew accounts in accordance with the Finwcial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). leffectlve 1 January 2019}. The charity is a Public Benefft Entity as defined by FRS 102. The financial statem8nts are prepared In stsrling. vthith 1$ the functional cuTrncy of the charity. Monetary amounts in these finanaal statements are rounded to th8 nearest £. 1.2 Going concern At the time of approwng the financial statoments, thc trustccs have have a reasonable expectation that the charity has adequate reSoUr￿S to continue in operational existence for the foreseeable fvture. Thus the tNsiees contlnue io adopt Ihe golng concem basls of accountlng In preparlng the financial 5talefnents. 1.3 Charilable funds Unrestricted fund5 are availa1￿e ft¥r use at thB di5L¥etion tjf th8 trust¥Pb in lurtIW￿I￿ of thelr tharitable obje¢tives. Restricted funds can only be used for particular restriclcd purposos wtthin the objects of the charity. Restrictions arise when spectfied by the donor or when funds are raised for partiujlar restricted Purposes. 1.4 Income Income is recognised when the tharity is legalty entitled to it after any performance COnd￿onS have been met. the amounts (zn be rnea5ured reliably. a￿￿ it 15 pvDbable thal itJGowne will bv [￿l¥ed. Cash donations are recognlsed on receipt Income from donat￿n$ and orants, irbduding capital grants. and ￿ntract income is induded in in￿)Me when these are receivable, eX￿pt as folk>ws: Vthen donors specrfy that donations and grants given to the charity musl be used in future accounting pericAJs, th8 income is deferred until those perithts. When donors impose COnd￿onS whrch have to be fvffilled before the charity becomes entttled to use such incom8, the income is deferred and nol induded in income until the p￿0)ndItionS for use have been mel. When donors speafy that dona￿nS arKI grants. indudlng capltal grants, are for particular restricted PU￿Se5, which do not amount to preconditions regarding entitlement. this inGome is included in restrict8d funds when recervable. Other qrants. which have particular sèrvice requirements and whith are provided in accthance with a contract or service level agreement are induded n the Statement of Financ￿1 Actwibes under the heading Charitable Aetivities. Rental income from operating leases (net of any inc8ntiv8s given to the Ioss8esl is recoJnised on a straight- line basis over the lease term. 21 MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles (Contlnued) 1.5 Expendlture All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relaled lo that category. Where costs ￿nn0t be direcwy attributed to particular headings they have been allocAted ID 3Ctivitt8s on a basis cnnsiSt8nt wtth th8 US8 of r@￿￿rrAS. Management and govem8nce costs are thoge incurred in connedion wtth administration of the tharity and compllance Imth constitutional and statutory requireirents. 1.6 Inlanglblo fvod #5sot¥ oth•r than ooodwill Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated an￿rtI5thn and accumutated ImpaiTment1055es. Amortisation is recognised so as to Yfflte off the c#)st or valuation of assets185S their residual values over thelr useful live3 on the folknwng ba3e8: Development Costs 1.7 Tangible fixed assets Tangible fixed assets are initialty measured at cost and subsequenty m&asured at cost ￿ valualion. net of depreciation and 8ny impaimient losses. Depreciatton is recogni5ed so as to WTite off the cxyst or valuation of assets18SS their residual values over thelr useful lives on the following bases: Freehold buildings Property improvements Fixtures, fittings and equipment Computers 2% on GDSt of buikling5 10% on cost 10% - 20% on cost 20% on IxBt Freehold land is not depreuated. The gain or loss arising on the disposal of an asset is detemined as the drfference be￿en the sale proceeds and the rArying value of the asset. and is recognised in the statement of financial acti￿tIes. 1.8 Impalrn*nt of fixed assets At each ￿PortIng end date, the Charity remews the carrying amounts of its tangible assets to detemine whether there is any indication that those assets have suffered an impairnent loss. If any such indKation exists, the recoverable amount of the asset is estimated in order to detsrmine the extent of the impaimient loss (rf any). 1.9 Cash and ¢ash equlvalents Cach and Gath oqulvaltsnts includo cath in hand, dopo¢slB held at call with bank6, othor short-torm liquid investments wth original malurities of throe months OT ￿$s, and bank ovérdrafts. Bank overdrafts are shovm within borrowings ill Gurrerit liabili￿5. MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policlès {Conllnued) 1.10 Financial in5trumEnts The charity has elected to appty the prowsions of S8Ction 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instrunRnts are recognised in the tharivs balance sheet ¥rt￿n th8 d￿rity be￿rneS paty to the contraGtual provisions of the instrument. Financial assets and liabiltties are offset. with the not amounts presented In the financial statements, Ythen th8re is a legalty enforceable right to set off the recognised amounts and there is an intentiortr to setde on a n8t basis or to realise the assel and settle the liability simultaneously. Bask flnanclal assets Basic financial assets, vh)ith indude debtors and cash and bank balances. a￿ initialty measured trdnsaction price induding tr8nsaction ensts and are subs8quenty carried at amortised cost using the effective interest method unless the arrangement constittjtes a financing transaction, vthere the transaction is measured at the present value of the future receipts di¥counted at a market rate of interest. Financial assets classified as receivabl8 Within one year are not arnortised. Bask IlnanelAI Ilabilltles Basic financial liabilities, including creditors and bank loans ar8 intlially recognised at transaction price unless the arrangemenl Gonstttute5 a finanGirvJ trdnSaGtion, where th8 debl illbiruiTi¥ril is Ineasured al the prBsent value of the fulure payments dis(xJunted at a market rate of interest. Financial liabilities classrfied as payabl8 wtthin one year are not amortksed. Debt instruments are subsequenty carried at amortised (x￿, using the effective interest rate meth(Ml. Trade ￿ditorS are obligations to pay for goods or Servi￿ that have been acquired in the ordinary course of operation5 from suppliers. A￿T￿U￿ts payable arB da5bifiwJ i wrreril liabilities if paYrr￿nt is due within one year or less. If not, they are presented as non-current liabiliknes. Trade creditors are recognised initially at transaction price and subsequently measured at amorbsed cost using the effective Inte￿$1 method. Derecognltion of17nanclal Ilabllftles Financial liabilities are de￿COgnised bthen the chariws contractual i)bligaticffis expire or are discharged or cancelled. 1.11 Employee beneflts The cost of any unused holiday entiU8ment is rec(>3nised in the period in thich the employee's services a roc8ived. Termination benefits are recogni5ed vnmediately as an expense when the charity is demonstrably committed to terminats the employment of an ttWoyee or to FffOVKle termination beneffts. 1.12 Retirement benefrts payments to d¢fined contribution retirement benefil athcmca orc ohorycd ￿ an cxpcnso as thoy fall duo. 1.13 Loases Rentals payable under operating leatses, induding any laasa incantivos rocoivod, aro char9od as an oxpense on a straight line basis over the tenn of the relevant18ase. Rentals retkived under 0￿rnting leases are credited to the Statement of Finan￿al Activity on a straight line basis over the period of the lease. -23- MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounling policies (Conllnued) 1.14 Taxatlon The charity beneffts from various exemptions from taxalion afforded by tax legislation and is not liable to corporation lax on inwme or gains falling within those exemptions. Recovery is made of tsx deducted from qu•lifying income from receipts under gift aid. The charity is not able to reo)vei Value Added TaL Expenditure is reL￿ded in th8 accounts inclusive of VAT. crftlcal accounllng ostlmates and judgernents In the application ofth8 charitys accounting poli(aes. the tNstees are required to make judgernents, 8Stimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assurnptions are based on historical experience and other factors that are con5Klered to be relevant. Actual results may drfter from these estimates. The estimates and undedying assumption$ are rewewed on an ongoing basis. Revi510ns to accounting estimates are recognised in the period in whith the estimate 15 revised where the tBVision affects T￿lY Ihat period, or in the period of the rewsion arKI future periods bthere the revision affects both ￿rrent and future periods. There are no criti(xl a￿Unting estimates or judgements n thesè acctyjnts. Donations and legacies unr￿tr1￿¢d funds Total Unrestricted funds 2024 2024 2023 Donations and gifts Legacies reCeivak￿e 12,232 200 12.232 6.748 12.432 12.432 6,748 -24- MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charltable activlties 2024 2023 Educatlon, welfare and support Income from charitable activiti8S Services provided under contract Performan(t related grants 398.003 435,611 16.729 321,308 430,274 125,475 850,343 877,057 Analysis by fund Unrestricted funds Restricted funds 833,956 16,387 850.343 For the year ended 30 Seplember 2023 Unrestricted funds Restricted funds 751.582 125.475 877.057 Invgstsnents Unrostrlthd Unrestrl¢tsd funds funds 2024 2023 Rentsl in¢ome Intsrest recelvable 77.539 21,343 69,803 5,260 98.882 75.063 Other Income Unrestricted Unrestrictèd funds funds 2024 2023 Other incorne 3,859 MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charftable a¢tMtles 2024 2023 Educatlon, welfare and support Staff costs Exam fees Other costs 625.864 1.872 32.108 598.672 4,429 34,219 659,844 637.320 Share of support costs (se8 note 8) Share of govomance costs Ists note 8} 377.163 38,622 381.571 29.565 1.075,629 1.048.456 Analysls by fund Unrestricted funds RestrirtAd funds 1,U65,509 10.120 912.981 135.475 1.075,629 1.048,456 Support costs Support Governance costs costs 2024 Support Govemance costs costs 2023 Staff costs Depreciation & amortisalion Premises costs 59.( 59.060 68,545 68,545 41.159 54.621 62,933 159.390 41.159 54.621 62.933 159.390 33.966 62,790 58.595 157,675 33,966 62.790 58.595 157.675 Other ¢osts Audit fees Accountancy Legal and professlonal 7.TTO 6.115 24.737 7.770 6,115 24,737 7.400 3.131 19.034 3.131 19,034 377.163 38.622 415.785 381,571 29,565 411.136 Analysed betseen Charitable activities 377.163 38,622 415.785 381,571 29,565 411.136 Support and govemance costs are recharged to charitsble activthes. -26- MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 AuditoVs remuneration The analy¥i5 uf aurjiiurfb rewnu1ieral￿ is as follows: Fees payable to the charltys audltor 2024 2023 Audit of the tharws annual accounts 7,770 7.400 Non4udit services All other non-audit services 6,115 3.131 10 Trustees None of the trust8es {or any persons connected ￿￿th them) r9cpived any rernuneration during the year. and no trustees were reimbursed expenses {2023- no trustees remunerated or reimbursed expenses}. 11 Employees Number of employees The average M￿thlY number of employees duriro the year was: 2024 2023 Numbg Number Charita￿t activty Management and Support 24 23 27 26 Employment ￿$ts 2024 2023 Wages and salaries Social securty Costs Other pension costs 631.017 38,844 15,063 613,029 38.999 15.189 684,924 667.217 Induded within payroll ￿)sIS 8bove is £72.17512023: £79.291) costs of freelance interpreters. bank staff. soctal car8 and training ￿ntraCtOrS. There wore no employees whose annual remuneration was £60.000 or more (2023.. none). -27 MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 12 Intsngible fixed assets Developrn•nt costs Cost At 1 October 2023 and 30 SepteM￿r 2024 11.880 Amortisation and Impalrn￿nt At 1 October 2023 Amortisation tharged for the year 1,980 2,376 At 30 September 2024 4.356 Carrylng amount At 30 September 2024 7.524 At 30 Septen*Jer 2023 9,900 13 Tanglble fixod assets Fr••I￿ld land Flxlur•5. and bulldlngs fthg5 and •quipmè Totsl Cost At 1 October 2023 Additions 1.268.170 98,180 8.934 25,243 37.630 1.391,593 46.564 At 30 SeptevnbEr 2024 1.288.170 107.114 82,873 1.438,157 Depreclatlon and Impalm￿rt At 1 OGtDbEr 2023 Deprecration charged in the year 173.292 24,756 81,247 3,692 7,118 10,335 261,057 38,783 At 30 September 2024 198,048 84,939 17.453 300,440 Carrylng amount At 30 September 2024 1.070.122 22,175 45,420 1.137,717 AI 30 September 2023 1.094.878 16,933 18,125 1.129,936 MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 13 Tanglble fixed assets Icontlnuod) The land at Queens Drtve Is Induded at the deemed c4Jst of £30.359 a5 allowed by regulaliuns uridei FRS102 and the charity SORP 2015. see note 24. Bardays Bank plc hold a tloating charge over all property or undertakings of the tharity. N8tiono1 Westminster Bank plc hold a Icgal tharge. created in Juty 2017. over freehdd land and buildings at Queens Drive. West Derby. Liverpcxy. As at 30 September 2024 the amount owed to National Westminster Bank plc was £421,342 (2023: £458,107). Freehold land and buildings includes investsnent propety which o)mprise5 one floor of the property at Queens Drive. West De￿y. Liverpool. The entire property is accounted for as freehold land and buildings within tangible fixed assets as the fair value of the investrnent property component cannot be measured reliably without undue costs to the chattty. 14 Flnanclal Instruments 2024 2023 Carying amount of flnanclal assets Debt instruments measured at 8motb3ed u)tst 538.527 646,590 Carrying amount of financial liabilities Measured at amortised cost 462.626 502,846 16 D•blor¥ 2024 2023 Amounts falllng due wlthln one year. Trade debtors Other debtors Propayments and accru￿ income 77.305 2.352 26,303 72,297 16.331 105.960 88.628 2024 2023 Amounts falllng due after more than one year. Prepayments and accrued inwme 26.460 30,380 Tolal debtor5 132.420 119,008 MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 16 Creditor5: amounts falllng duo wllhln one year 2024 2023 Notes Bank loans Other tsxation and S￿la1 sewrity Deferred income Trade creditors Accruals 19 40,129 9,430 46,433 30,200 11,084 41,193 17 35.359 9,380 137,276 85,932 17 Deferred Income 2024 2023 Other deferred income 46,433 n8f•rred inttvne ig Incli￿￿d in thp. fin2nvi￿ qtatements as follt)WS: 2024 2023 Total delerred Income & 1 O¢tol)er 2023 Amounts received in year Amounts credited to statement of financial activities 127,991 (127.991) Total deferred inccKne at 30 September 2024 46,433 18 Crgditors: amounts falllng due after more than one year 2024 2023 Notes Bank loans 19 381.213 416.914 The bank loans are secured by legal tharges over the tharitys propety as detailed in the fixed assel and borrowlngs notes (see notes 13 & 19} MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 19 Loans 2024 2023 Bank loans 421.342 458.107 Payable within one year Payable after one year 40,129 381,213 41.193 416.914 Amounts included 8bo¥e vthich fall due after five years: Payable by instalments 190,369 242,567 The bank loan is secured by a legal thanje over the tharFtys property in Queens Drive. Liverpool. 20 Rotlroment bonofft schemes D•fingd contribution sch&m&s Th& charity op8ral8s a defined contributi(M) pension scheme for all quaIt￿.ng employees. The assets of the dre hEld b¥PÉifÉilvly rtVWTi LIIvb¥ ul Lli¢ Llwrily iii ui) it)dependently administered fund. The charge in the statement of financial actNities for the year in respect of defined ojntrllmjti￿ schemes was £15.06312023: £15.1891. 31 MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 21 Oporatlng leaso commltments At the reporting end date the tharity had outstanding cO￿￿nItrnerts frjr fijture minimum lease payments under non-cancellable operating leases. ￿lch fall due as follows: 2024 2023 Within one year B8bNeen two and fiv8 y8a 1,530 3.443 1,530 4.974 4,973 6.504 L•$sor The operating leases represent leases to third parknes. The leases are negotiated over tems of 5 to 15 years and rental income is fixed for 5 years. The longer lease$ indudes a provision for five-yearty upward rent reviews according to prevailing market conditions. The￿ are no options in pTra￿ for any paty to extond the teThns of the leases. At th8 reporting end date the charity had cnntracted *ryth tenants for th8 followtng minimum lease payments: 2024 2023 Wlthln one year Be￿een ￿ and five years In over five years 58,800 235,200 147,000 58,300 235,200 205.800 441.000 499,800 32- l74 Li l)1 * oo z>oiO>Z CIC >0 ZC MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 23 DÈslgnat•d funds The income funds of Ihe chartty indude the following designated funds whld) have been set aslde out of unrestricted funds by the t￿￿teeS for sp8ufic purposes: Balaru at 1 O¢iob•r 2022 Tr￿£1￿5 Balanc• at 1 Octo￿1 Z023 Trarffjf•rs Balancg at 30 S•pt•mb 2024 Future property fund 52,500 152.500} 52.500 152.5001 During a p￿￿Ou$ year. the tnjstees deswJna*ed funds to establish additional permanent. physical spxtès on Merseyside to enable the charity to reach those vtho need it most However. last year the d8cision was made by the Irustees to relea¥e these fund$ baGk to general unrestricted reseNes. 24 Revaluation reserv• Included within the unrestricted funds is the revaluation reserve of £23.991 12023.. £23.991). This is the deemed cost element of land retained at Queens Drive, West Detby for the new building to be erected following the sale of the site and old building in the year ended 30 September 2015, less the origirol cost of that land 01 £6.368. 25 Analysls of not assets between funds UnrEstrlcted Re5trlcted 2024 Total UnTB5ttthd RestriGied Total 2023 2024 2024 2023 2023 Fund balanc¥s at 30 September 2024 are represented by. Intangible fixed assets Tangible a55ets Current assetsl(liabilitiesl Long temi liabilities 7,524 1.137.717 442,083 {381.213) 7.524 9.900 1.137,717 1,129.936 456,150 599,569 1381,213) 1416.914} 9.900 1,129.936 607.369 1416,9141 14,C67 1.206,111 14.067 1220.178 1.322.491 7.800 1,330,291 MERSEYSIDE SOCIETY FOR DEAF PEOPLE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 26 Related party transactlons Romunoratton of koy management porsonnol The remuneration of key management personnel is as follows. 2024 2023 Aggregate remurwation 108,318 76.965 The son of trvstee John Brennan is employed by the (*arity and receive3 8 $818ry vthich is at market rato. He was made redundant in January 2024. There were no other rdated paty transactions in the year. 27 Cash gon•rat•d from oporallo 2024 2023 D8ficit for the year {110.1131 (80,184) Adjustrnents for. Investment income recognised In statement of finan(aal athities Amortisation and impairment of intanglble assets Depr8datlon and Impalrment of tanglble Ilxed assets 198.882) 3,960 37,199 {75.063) 1.980 31,986 Movements in working capital: Ilncreaseydecrea5e in debt(xb" Increas8 in crgdilors Increaselldecreasel in deferred income (13,412) 5.975 46,433 28,357 7.367 (127.991) Cash absorbod by oporauons (128,840) 1213,548)