Child Hearing Impairment and Language Development Project UNAUDITED FINANCIAL STATEMEKf5 YEAR ENDED 31" MARCH 2024 REGISTERED CHARITY: 1070908
CHILD HEARING IMPAIRMENT AND LANGUAGE DEVELOPMENT PROJEcr REPORT OFTHE TRUSTEES YEAR ENDED 31" MARCH 2024 The Trustees present their report and the audited financial statements of the charity for the year ended 31 March 2024. st REFERENCE AND ADMIN15fRATIVE DEfAILS Charity Name Child Hearing Impalrment and Language Development Project 1070908 Charity Number Principal office Middlesbrough Deaf Centre Deent Street North Ormesby Middlesbrough TS3 6JD Trustees R A Lister A Duffy MBHebb Craig Jones Independent Examiner Graham Fitzgerald Azets Audit Services Wynyard Park House Wynyard Avenue Wynyard TS22 5TB STRUCTURE GOVERNANCE AND MANAGEMENT The Chlld Hearing Impainnent and Language Development Project reglstered as a charity on 7 August 1998 by constitution adopted on 8 September 1997 as amended 9 March 1998. OBJECTNES AND ACTIVITIES The charitWs objects are to further the relief and education of children and theirfamilies living with deafness throughout the area of benefit.
CHILD HEARING IMPAIRMENT AND LANGUAGE OEVELOPMEKf PROJECT REPORT OF THE TRUSTEES (contlnued) YEAR ENDED 31" MARCH 2024 ACHIEVEMENTS AND PERFORMANCE CHILD Deaf Youth Project {CDYP) are a vibrant registered charity. working for the benefit of all Deaf and hard of hearing chlldren and young people within the Tees Valley Area. We facilitate and develop communication skills and provide positive Deaf role models. We aim to redu isolation, encourage self*steem and independen. We strive to empower Deaf young people to make informed and positive decisions about their futurei giving them the opportunity to reach their full potential. We welcome children and youn8 people from age five to nineteen who use a variety of communlcatlon methods from Britlsh Sl8n Languageto Oral. CHILD Deaf Youth Project alms to Improve and enhance the lfves of Deaf chlldren and young people to build thelr confidence, self-esteem and develop a positive identlty in society. We provide 2 youth clubs that run all year Includlng half terms and summer holldays. FINANCIAL REVIEW The ststement of financial activitles shows a surplu5 for the year of £19,738 and total reseNes stand at £64,656. The unrestricted serveS of the charity amount to £31,5 of which free reserves (i.e. those funds not designated or tied up with fixed assets) amount to £31,005. RESERVES POLICY AND RISK MANAGEMENr It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity, at a level which equates to six fflonths unrestricted expenditure. This provides sufficient funds to cover management, administration, and support Costs and to respond to emergencies. The trustees actlvety review the major risks whlch the charity face on a regular basls and belleve that maintaining our free reseNes at the levels stated above will provide sufficient resources in the event of adve conditions. The trustees, annual report was approved on 28 January 2025 and signed on behaff of the board of trustees by: A Duffy Trustee
CHILD HEARING IMPAIRMENT AND LANGUAGE DEVELOPMENT PROJECT YEAR ENDED 31 MARCH 2024 Independent Examiner's Report to the Trustees of Chlld Hearing Impalrment and Lan8ua8e Development Projert st I report on the accounts of the companyforthe year ended 31 March 2024 which are set out on pages 4 to 11 Responsibilities and basis of report As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {'the Act'} I report in respert of myexamination of the charlvs financial statements carried out undersection 145 of the 2011 Act and in carrying out myexamination I havefollowed all theapplicable dlrectionsgiven bythe Charlty Commisslon under section 14515}Ib) of the Act. Independent examlner's statement I have completed my examlnatlon. I confirm that no rnaterial matters have come to my attentlon in connection with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respert of the charity as required by section 130 of the Act; or 2. the financial statements do not accord with those records; or 3. the financial statements do not complywith the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulatlons 2Crf)8 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examlnation. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thls report In order to enable a proper understanding of the accounts to be reached. k?odJ Graham Fltzgerald BA FCA DChA Azet5 Audlt Servlces $11117otS Wynyard Park House Wynyard Park Avenue Wynyard T522 5TB
CHILD HEARING IMPAIRMENT AND LANGUAGE DEVELOPMEMf PROJEcr STATEMENT OF FINANCIAL AcrivmES YEAR ENDED 31 MARCH 2024 2024 Total Funds 2023 Total Funds Unrestrlcted Funds Restrlcted Funds Note Income and endowments Donations and legacies Fundraising Charitable activities Investment income 1,986 137 5,475 551 38,824 40,810 137 5,475 551 28,291 28,291 16,886 134 TOTAL INCOME 8,149 38,824 46,973 45,311 EXPENDITURE On charitable actltieS 8,781 18,454 27,235 43,840 TOTAL EXPENDITURE 8,781 18,454 27,235 43,840 Net Incomel(expen(fiture) (632) 20,370 19,738 1,471 Transfer Fund balances brouglrt forward 31,637 13,281 44,918 43,447 Fund balances carried forward 31,Th)5 33,651 64,656 44,918 The notes on pages 6 to 11 fomi part of these accounts.
CHILD HEARING IMPAIRMENT AND LANGUAGE DEVELOPMENT PROJEcr 8ALANCE SHEEr AS AT 31 MARCH 2024 2024 2023 CURRENT ASSErs Cash at bank and in hand 68,164 46.353 68,164 46,353 CREDrroRS: AMOLINTS FALLING DUE wmiiN ONE YEAR 13 3,508 1,435 NEf CURRENT ASSErs 64,656 44,918 NEf ASSErs 64,656 44.918 FUN05 OF THE CHARITY RestrKted funds Unrestrirted fund5 33.651 31,005 13,281 31,637 64,656 44,918 These financial statements were approved by the board of trustees and authorised for issue on 28th January 2025 and are Signed on behalf of the board by ADufy Trustee The notes on pa8es 6 to 11 fomi part of these accounts
CHILD HEARING IMPAIRMEMf AND LANGUAGE DEVELOPMENT PROJECT NOTES TO THE AccouMfs FOR THE YEAR ENDED 31" MARCH 2024 General Information The charity is reglstered charity in England and Wales and is unincorporated. The address of the principal office is Middlesbrough Deaf Centre, Derwent Street, North Ormesby, Middlesbrough TS3 6JD. Statement of compliance These financial statements have been prepared in compliance wlth FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republlc of Ireland., the Statement of Recommended Practlce applicable to charities preparlng their accounts In accordance with the Flnancia l Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (Charities SORP {FRS 10211 and the Charites Act 2011. Attountlng pollcies Basls of preparatlon The flnancial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and Investment properties measured at falr value through income or expenditure. The financial statements are prepared In sterling, which Is the functional currency of the entlty. Going concern There are no material uncertainties about the charitws ability to continue. Judgements and key sources of estimatlon uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the Circumstan$. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are UnstrICted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor orthrough the terms of an appeal and fall Into one of two sub-classes: restricted income funds or endowment funds.
CHILD HEARING ImPAIRMEr AND LANGUAGE DEVELOPMEMf PROJEcr NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31" MARCH 2024 ACCOUMtING POLICIES (continued) Incomlng resources All incomlng resources are included in the Statement of flnancial activitles when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charlty and the amount can be reliably measured. The following specific policies are applied to particular categorles of income: Income from donations Of grants is recognised when there is evldence of entitlement to gift, receipt is probable, and its amount can be measured reliably. Legacy income is recognised when receipt 15 probable, and entitlement is established. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and servi5 are recognised in the accounts when received if the value can be reliably measured. No amounts are included forthe contribution of general volunteers. Income from contracts forthe supply of services is recognised wlth the delivery of the contratted servi. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and retumed if unspent, in which case It may be regarded as restricted. Resources expended Expenditure is recognised on an accruals basls as a liability is incurred. Expenditure Includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial actlvitles to which it relates: Expenditure on raising funds Includes the costs of all fundraising activities. events, non-charitable trading activities and the sale of donated goods. Expenditure on charitable artivities includes all costs inCUrd by a charlty In undertaking activities that further its charitable aims forthe benefit of its beneficiaries, including those support Costs and costs lating to the governance of the charity apportioned to charitable activities. Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs a allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated dirertly to that activity. Shared costs are apportioned between the activities they contribute to on a asOnable, justifiable and consistent basis. Tangible fixed assets Tangible assets are initially COrd at cost, and subsequently stated at C05t less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreclation and subsequent accumulated impairment105ses.
CHILD HEARING IMPAIRMENT AND LANGUAGE DEVELOPMENT PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31" MARCH 2024 AccouKnNG POLICIES (continued) Tangible assets (contlnued) An increase In the carrying amount of an asset as a result of a revaluation, Is recognised in other recognised gains and losses, unless It reverses a charge for impairnient that has previously been recognised as expenditure wlth the statement of financial activities. A decrease In the carrying amount of an asset as result of revaluation, Is recognlsed in other recognised gain5 and losses, except to whlch it offsets any previous revaluation galn, In which case the loss is shown within other recognised gains and losses on the ststement of financial artivlties. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, overthe useful economic life of that asset as follows: Fixtures and fittings written off in year of purchase Impalrment of fixed assets A review for indlcators of impairment is carried out at each rereporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value eXedS the recoverable amount, the asset is impaired accordingly. Prlor impairments are also reviewed for possible reversal at each reportlng date. For the purpose of impalrment testing, when It Is not possible to estimate the recoverable amount of an indivldual asset, an estimate is made of the recoverable amount of the cash-generating unlt to which the asset belongs. The cash-generating unlt is the smallest Identlflable group of assets that includes the asset and generates cash inflow5 largely independent of the cash inflows from other assets orgroups of assets. For Impairment testing of goodwill, the goodwill acquired in a business comblnation is, from the acquisitlon date, allocated to each of the cash-generating units that are expected to beneflt from the synergies of the combination, irrespectlve of whether other assets or liabilities of the charity are asslgned to those units. 4. Donations and legacies 2024 Total 2023 Totsl Unrestrfcted Restrkted Donatlons Donations 1986 1986 454 Grants Middlesbrough Borough Council Middlesbrough Borough Council - Equipment BBC Children In Need Cornmunity Fund 8,(MJO 1,124 6,796 11,917 6,991 23,833 6,991 23,833 1,986 38,824 40,810 28,291
CHILD HEARING IMPAIRMENT AND LANGUAGE DEVELOPMENT PROJECT NOTE5 TO THE ACCOUNTS FOR THE YEAR ENDED 31" MARCH 2024 S. Fundralslng 2024 Totsl 2023 Total Unrestricted Restrkted Raffle Sales 137 137 137 137 6. Charitable artlvltles 2024 Total 2023 Total Unrestricted Restricted Access to Work Youth Club Subscriptions &Tuck Shop Child Deaf Projert 3,430 2,045 3,430 2,045 12,392 1,731 2,763 5,475 5,475 6,061 7. Investment income 2024 Total 2023 Total Unrestricted Restricted Bank interest re[Vable 551 551 134 551 551 134 8. Expenditure on charitable activltles by activlty type Charitable Governance Activities Costs 2024 Total 2023 Total Child Deaf Youth Project Middlesbrough Borough Councll Community Fund BBC Children In Need 8,781 3,927 7,221 7,306 8,781 3.927 7,221 7,306 25,282 7,639 5,669 5,250 27,235 27,235 43,840 9. Independent examination fees 2024 2023 Independent Examinerfs Fee 1092 420
CHILD HEARING IMPAIRMENT AND LANGUAGE DEVELOPMENT PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31sf MARCH 2024 10. Staff costs The totsl staff costs and employee benefrts forthe reporting period are anaylsed as folk)ws: 2024 2023 Wages and Salaries 11,718 21,425 The average number of employees during the year was 212023: 21. No employee received employee benefrts of more than £60,000 during the year12023: Nil) 11. Trustee remuneratlon and expenses No remuneration or expenses frorn employment with the charity or a related entity were received by the trustees in the year. 12. Tan8ible fixed assets Fixtures and ffttings cosr At I"April 2023 Additions 6,713 1,139 At 315r March 2024 7,852 DEPRECIATION At I" April 2023 Charge fortheyear 6,713 1,139 At 31" March 2024 7,852 NEf BOOK VALUE At 31" March 2024 At 31. March 2023 10
CHILD HEARING IMpAIRmEr AND LANGUAGE DEVELOPMENT PROJECT NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31" MARCH 2024 13. Creditors: Amounts falling due wlthin one year 2024 2023 Trade Credltors Accruals and deferred income Social Security and other taxes 594 660 2254 450 3,508 1,435 I Analysis of charitable fund5 Opening Balance Incoming Resources Resources Expended Transfers Closing Balance Restricted Funds Middlesbrough Borough Council Middlesbrough Borough Council -Equipment Fund Community Fund BBC Children in Need 4,334 1,153 13,9271 8A07 1,153 6.248 1,546 23,833 6,991 {7,2211 (7,306) 22,860 1,231 Totsl Restrlrted Funds Unrestricted Funds Child Deaf Project 13,281 38,824 {18,4541 33,651 31,637 8,149 18,781) 31,005 Totsl Funds 44,918 46,973 {27,2351 64,656 Purpose of Restrirted Funds Middlesbrough BC- To cover activity costs. Middlesbrough BC Equipment-to coverequipment Costs. BBC Children In Need- To cover Youth Workers Salary. Community Funds-To coversalary and running costs. 15. ANALYSIS OF NEf ASSEfs BETWEEN FUNDS 2024 Total Funds Unrestrfrted Funds Restricted Funds Net Current Assets 31,005 33,651 64,656 31,005 33,651 64,656