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2021-03-31-accounts

(and subsidiary undertakings)

A future of opportunity, achievement and equality for deaf people

ANNUAL REPORT AND FINANCIAL STATEMENTS 2020/21

Patron: Her Majesty The Queen | Founded 1841 | Registered Charity No. 1081949 Company registered in England No. 3973353

The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

Contents

Page
Message from the Chair and Joint Chief Executives 3
Trustees Report
Aims and objectives 4-6
Perfomance and achievements 6-9
Financial review and policies 10-11
Structure, governance and management 11-14
Statement of trustees responsibilities 14
Independent auditor’s report 15-16
Financial Reports
Statement of Financial Activities 17
Balance sheet 18
Statement of cash flows 19
Notes to the accounts 20

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The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

Forewords

A message from our Chair

No-one could have predicted the events of the past year. It has been a challenging year for RAD but with its people, it has managed to navigate through the year once more. Reflecting on my second year as Chair, I am struck by how adaptable RAD has been throughout the pandemic. Once more RAD has demonstrated the important role it plays. From producing unfunded pandemic briefings in BSL to reach members of the deaf community to delivering services remotely, I am proud of the resilience and commitment colleagues have consistently demonstrated throughout the year.

In addition to navigating the year, the board, with our leadership team, has been proactive in creating a new three year strategy which came into effect in April 2021. This demonstrates RAD’s willingness to embrace change and adapt and will position RAD well in the coming years.

Financial prudence, delivered by the strong leadership in place, resulted in a surplus for the year. This will go some way in addressing the challenges brought on by the pandemic and its impact on the deaf community.

I end this message with a heartfelt thanks, on behalf of the board, to the various stakeholders of TeamRAD. Thomas Mulloy cf!�

A message from our Joint Chief Executives

The devastating impact of the COVID-19 pandemic was felt by every community across the globe. In addition to the stress and uncertainty experienced by us all, in the UK, the deaf community had to navigate and contend with the failure of the UK Government to make its pandemic briefings accessible via the provision of an in-room BSL interpreter.

RAD was quick to respond to this lack of accessibility and provided BSL news summaries of every critical Government briefing and pandemic announcement. This work was unfunded and delivered thanks to the passion and commitment of our colleagues, many of whom worked tirelessly to ensure that in addition to these news summaries, RAD was also able to deliver its essential services remotely – reaching and supporting an unprecedented number of deaf people.

As we look back on the past year, we are proud of the tenacity, resilience, and commitment of TeamRAD. It is with credit and testimony to the hard work and support of our colleagues that we report that, whilst 2020/21 was one of the most challenging in RAD’s history, it was also one of its most successful.

As the charity celebrates its 180[th] year, RAD can be proud of the way in which it has evolved; we are reaching more deaf people than ever and working to create a future of opportunity, achievement, and equality for deaf people.

We have never been more proud to jointly lead this organisation.

Amanda Casson-Webb Joint CEO

Sue Evans Joint CEO

Lesley Frearson

Joint CEO

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The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

Trustees report

The trustees present their report and the audited financial statements for the year ended 31 March 2021. This report meets the requirements for a directors’ report for Companies Act purposes.

Aims and objectives

The organisation’s objects are to promote the social, spiritual, and general welfare of profoundly deaf people.

Strategic Plan

We reviewed our vision, mission, and strategic plan during 2020/21 along with our strategic ambitions for 2021-24:

Finances

Manage our resources to maximise opportunity | ensuring financial resilience and sustainability

Our people

Secure our future | develop our colleagues to thrive and achieve

Collaboration and growth

Collaborate | innovating services that meet the changing needs of deaf people, improving access and reach

Policy

Increase social awareness | influencing change on a national level

Equality and representation

Ensure equal representation | making sure RAD is diverse, fair, and inclusive and means something to every deaf person

Our Vision

A future of opportunity, achievement, and equality for deaf people

Our Mission

Working in collaboration to innovate and deliver the services that deaf people want and need | Celebrating deaf culture and community

Our Values

Community

As part of the deaf community we respect deaf language, identity, heritage, and diversity, delivering services that our community wants and needs.

Progressive

We are committed to continuous improvement. We are proactive in our approach; receptive

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The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

to change, responsive and believe that reflective practice informs our ongoing development. Positive

We celebrate successes, take a positive and encouraging attitude towards work, each other, our organisation and all those who connect with us and give credit to people’s ideas and achievements.

Collaborative

Working together with colleagues, partners and other stakeholders in order to achieve the best outcomes for deaf people – celebrating successes and recognising contribution.

Integrity

We will be authentic, honest, respectful and mindful of our self, others and our environment; challenging and receiving feedback, promoting fairness and treating people with an unbiased approach.

TeamRAD Charter

Plans for the future

As the UK’s roadmap out of pandemic restrictions continues, we look forward to resuming a ‘business as usual’ approach – and delivering operations in line with RAD’s new three-year strategy that was launched 1 April 2021.

Our new Vision, Mission and Values underpin our new strategy and have strengthened our ability to proceed with our ambitious plans for growth and success.

Our training centre will open for face-to-face delivery in 2021/22; ensuring that deaf people have access to accredited management, wellbeing, and social care training. Our flagship

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The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

communication and independent living services will continue to grow in order to provide a sound platform for DeafAdvance, TalkMore, RADvice and Deaf Age – our new and expanding services that saw sizeable investment in 2020/21.

As we focus on financial sustainability and growing our services and reach, it is essential that RAD is agile; and able to continue to respond to the changing needs and expectations of deaf people.

The wellbeing, support and contributions of our colleagues are an essential element of our success. We are committed to ensuring that every colleague feels valued and able to thrive – and that TeamRAD represents and reflects the diverse nature of the deaf community and wider society.

In this coming year we will continue to take a proactive approach in terms of Equality, Diversity and Inclusion (EDI) and ensuring that RAD is a progressive employer and provider of services.

As our ‘Collaborative’ value states; we are committed to working with like-minded organisations to challenge inequality, effect change, extend our geographical reach and ultimately achieve the best outcomes for deaf people. One of the most resounding messages throughout the course of the COVID-19 pandemic was #strongertogether. We have been pleased with the way in which RAD has created and developed partnerships with other organisations and see this as fundamental to our future growth and development.

Performance and Achievements

Review of activities

2020/21 presented an unprecedented challenge for RAD, as it did for so many other organisations, communities, and individuals across the globe. The pandemic had an immediately devastating impact on the UK and the charity sector, putting increasing pressures on people and services.

RAD was able to respond to the pandemic with outstanding agility. Services were creatively adapted, and colleagues supportively adjusted to remote working. Essential community services continued in line with changing government guidance and contracted targets achieved – a phenomenal outcome.

As would be expected, the rollout of our planned investment activities was hampered by the pandemic. However, TeamRAD has continued to consult, engage, and deliver services in new and expanding areas. Services that lend themselves to remote delivery such as TalkMore and RADvice have seen high levels of attendance and have proved to be a real lifeline for many deaf people through a period of fear and uncertainty that has exacerbated loneliness and isolation.

Our policy and influencing work continued to gain momentum, securing a seat at various influencing events, groups and forums which provides an important voice for deaf people and RAD.

We have undertaken a variety of consumer surveys throughout the year which has built important evidence of need to call upon during the forthcoming year/s and our partnership with the Greater London Authority (GLA), funded research into gaps in accessible information and advice services for deaf people living in London. The results were startling as seen in our ‘Access Denied’ report. Our DeafAdvance survey and report, on employment and career progression, gained strong social media coverage, including endorsements from other deaf and disability charities.

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The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

Community engagement

RAD’s community engagement, in line with all services, has had to adapt its way of working this past year.

Despite the (pandemic-forced) closure of deaf clubs, we have been able to maintain relations with clubs, with monthly meetings via Zoom, ensuring that local groups were aware of and able to respond to COVID-19 restrictions.

Reaching older people and those with no access to digital communication has been one of the biggest challenges this year. Reinforced by the lack of BSL access for Government briefings, the pandemic has exacerbated the inequalities and isolation for some of the most vulnerable people in our society.

There has never been a more critical time for society to recognise and include deaf people and BSL. RAD has been an active supporter of the #WhereIsTheInterpreter campaign and, in collaboration with Lynn Stewart-Taylor, other deaf organisations and Fry Law has worked hard to challenge the Government on its lack of accessibility.

Despite this, we have been heartened by the number of people and organisations who have undertaken our Deaf Awareness Training, which in response to the pandemic, is now delivered online.

Other areas of achievement in terms of our community engagement this year:

We are grateful for the continued trust, faith and support given to us by the deaf community and look forward to supporting local communities in navigating their way through the ‘new normal’ and life post-COVID.

Services

Our services have seen 8450 visits this year, providing an important lifeline to 1206 people during what has been the most challenging year in recent history for so many. (232 of these people are from new areas across the UK.) This is a 14% year-on-year increase, which we feel is impressive given the circumstances surrounding this year. Services have adapted to remote working; ensuring continuity and to bring critical information, advice, and support to people when they need it the most.

RADvice, DeafAdvance, Deaf Age and TalkMore

Our new and expanding services have seen positive growth, aided by two grants totalling over £93,000 from the London Community Response Fund (LCRF). RADvice has supported a huge 5833 attendances; offering information and advice on a variety of topics including the pandemic, benefits, housing, tax, access and discrimination and people have accessed the service from as far as Cornwall and Scotland. The advice team has prevented homelessness, ensured people have the correct benefits in order to provide for their families, facilitated access to information and services, and challenged decisions.

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The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

99.8% of those who used our advice service in 2020/21 confirmed that the advice they received was good and 95.7% said they would recommend us to friends/family.

Our TalkMore service, has proved invaluable to people across the country. Live-Chat has taken 1253 enquiries through the year and our first peer support groups (35 in total) have seen 150 online attendances. People with a common aim, concern or interest have come together to talk about parenting, the pandemic, mental health and wellbeing, food/diet and health. These themed groups have provided a safe space, with likeminded people, for discussion, challenge, questions, emotion and much laughter at a time when, for some, there has been no other outlet.

100% of people who provided TalkMore Live-Chat feedback throughout the year said they were happy with the service!

Our new Deaf Age service; providing support to older people aims to reduce loneliness and isolation. To date we have seen 438 attendances at coffee mornings, workshops and social events (online) and 16 volunteers have joined TeamRAD to support this important work. Deaf Age colleagues have completed dementia and mental health first aid training and through their work have seen friends from across the country reunited, new friendships building and people enjoying, for the first time, online social activities. We are taking the first steps towards reducing the isolation of our older deaf community.

Our employment and careers service, DeafAdvance is proving very popular – providing valuable employment and careers advice already to 95 deaf people and 37 employers. Despite challenges linked to the pandemic and our inability to delivery face to face training, our new centre for training and development has opened, with its first cohort of new and developing managers undertaking their Institute of Leadership and Management, Level 3 qualification.

Employment partnerships have been cemented with specialist organisations in order to challenge discrimination and pursue employment disputes. Demand for accessible employment and careers advice continued to grow, new funding has been secured, including a partnership with Barnet & Southgate College for ESF funding to work with young Londoners who are NEET with a value of £452,000 over the next 2.5 years.

Independent living – ILS

The pandemic has proved incredibly challenging for the people who we support to live independently in the community. Uncertainty about the pandemic has heightened anxiety, created fear and put people at risk. The ILS team has worked tirelessly to ensure people have the information and support that they need, despite this year’s challenges - adapting to social distancing measures and/or the wearing of PPE in order to carry out home visits. Conducting wellbeing checks through an open doorway, or window and doorstep shopping and medication drops have become the new ‘norm’.

Despite all of this, TeamRAD has delivered 28,295 hours of support! The team has continued to grow, with recruitment taking place in the north of England and midlands and our advocacy service has expanded its portfolio - now qualified to delivery Independent Mental Health Advocacy.

Interpreting and Communication Services

Our Communication Services was one of the worst impacted by the COVID-19 pandemic, with RAD experiencing an instant decline in bookings (and unprecedented number of cancellations).

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The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

Fortunately, we were successful in an application to the Charity Survival Fund from the Julia and Hans Rausing Trust, and received a very generous grant of £60,000 to support the loss in income from our Communication Services.

Despite an initial response from referrers (to the pandemic) to cancel appointments, we were quick to ensure that as many deaf people as possible were able to continue with health appointments remotely; instead of bookings being cancelled. We supported referrers to understand the platform options and how remote interpreting could work. As the pandemic progressed, we began to see a steady increase in remote bookings, with digital platforms such as Zoom becoming a commonplace feature for interpreting assignments across all settings, including healthcare appointments. By December 2020, we started to see a slow and steady increase in bookings and look forward to achieving a return to business as usual in the coming year.

In response to the pandemic, we were proactive in ensuring the health, safety, and wellbeing of freelance communication professionals by:

Whilst our response to the pandemic was of paramount importance (and in part supported by our ability to provide communication services remotely), we were also able to continue to grow our geographical reach, by delivering services in more areas across the UK.

One strong area of growth and development has been our translation work. Following a comprehensive review of our approach and pricing strategy, this service is now performing well, and is set for a positive outlook as we move in to 2021/22.

Other areas of achievement for Communication Services this year:

In the year April 2020 to March 2021, we provided communication services for 1504 bookings – a decrease of 1125. We provided services to 435 deaf clients – a decrease of 284.

Volunteers

We are extremely grateful to our volunteers who support our activities across the organisation. At 31 March 2021 we had 41 volunteers. We have increased our volunteer recruitment activity to support our new and expanding services.

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The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

Financial and Policies

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Financial Performance

Financial sustainability and resilience is one of RAD’s strategic ambitions and 2020/21 saw significant progress in this direction. The board of trustees and executive team continue to focus on the longer-term financial sustainability of the organisation.

Both the operating deficit and legacy income for the year were significantly better than budgeted. Unrealised gains on investments were very high during the year; this was in part a result of a correction of the stock market following significant falls during March 2020 due to the impact of COVID-19 on the stock markets globally at that time. Planned expenditure from designated funds of £402,781 (mainly relating to expenditure on investment activities) offset this gain to give an overall surplus of £314,530.

The overall financial performance was a significant improvement on the previous year and a real achievement given the challenges that the year presented.

The funding sources and descriptions of their purpose are detailed in note 18 to the financial statements. The charity is not dependent upon any one principal funder, and we have a number of funders contributing to our overall mission and objectives.

Income from donations and legacies decreased by £677,284 (62%), which was due to the significant legacy income received in the previous year.

Income from charitable activities (our operations) was slightly lower than the previous year by £1,015 (0%) which was mainly due to the inability to deliver some of our face-to-face services. This particularly impacted on the income from communication services which decreased by £118,938 (21%) and Independent Living Services which increased by £4,492 (0%). Income from RADvice increased by £52,048 (25%), DeafAdvance decreased by £37,782 (29%) and other projects and funding increased this year by £109,863 (63%) mainly due to some emergency COVID-19 funding received during the year. Training income decreased by £10,635 (46%), also impacted by the inability to deliver face to face training.

Expenditure decreased by £136,804 (5%) even with the increased expenditure from designated funds to support our investment activities.

Reserves policy

The reserves policy of the board of trustees for the General Fund is, as far as prudently possible, to maintain a level of working capital (the minimum level set for reserves) of four months future organisational expenditure. A working capital level allows the charity to meet its contractual obligations and respond to short-term financial challenges. At 31 March 2021, this equated to £947,926 [based on 2020/21 expenditure].

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The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

The total reserves of the charitable group at 31 March 2021 were £6,675,938 (see the balance sheet on page 19). These are to be used as follows:

Restricted Funds to be spent in accordance with the wishes of the donor 246,722
Net Book value of tangible fixed assets essential for the running of the 560,365
organisation
Commitments made to local deaf groups 5,093
Future spending commitments for specific projects by the Board of Trustees 347,831
Reinvestment in services for deaf people under the four key service themes 2,697,044
Total reserves committed to specific projects 3,857,055
Reserves policy – four months operating expenditure 947,926
Remaining general reserves 1,870,957

The level of our current free reserves (£2,818,883) is therefore above our agreed minimum reserves policy. However, given this equals less than 12 months expenditure, we do not consider this level to be excessive; particularly given the ongoing additional challenges that COVID-19 presents and the uncertain impact it will have on our economy. We anticipate a tougher and more competitive funding environment over the next couple of years.

Investment policy and performance

The investment policy is determined by the trustees, with the benefit of external advice after considering income requirements, risk profile and stock market prospects in the short and medium term. Social, environmental, or ethical considerations are not considered a priority when the trustees make investment decisions.

In view of the persisting low interest rates, we continue to review our cash management policies on a regular basis to take advantage of the best rates offered by financial institutions. Some stocks which were inherited are being held until the price improves before disposal.

Grant making policy

From time to time, when resources and other commitments permit, the trustees make small grants (usually not more than £250) to groups of deaf people to encourage and develop community activities.

Risk management

The trustees have a risk management strategy that comprises of:

The trustees confirm that the above risk management strategy is in operation.

We continue to feel the effects of public expenditure controls. We expect that these controls will intensify over the forthcoming years particularly with the added pressures created by COVID-19. Bearing these factors in mind, the major risks facing RAD are as follows:

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The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

Structure, Governance and Management

Organisational structure

The organisation is incorporated in England and Wales and is governed by a board of trustees who constitute the membership in terms of the Companies Act.

The organisation was founded in 1841 and registered in accordance with the Charities Act 1960, with the registered number 207358. The activities, assets and liabilities of the Association were transferred to this charitable company with effect from 1 October 2000.

The charitable company is limited by guarantee, incorporated on 11 April 2000 and registered as a charity on 9 August 2000, with the new registered number 1081949.

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Registered Office

Block F, Parkside Office Village, Knowledge Gateway, Nesfield Road, Colchester, CO4 3ZL

Patron

Her Majesty The Queen

President

The Most Revd and Rt Hon Justin Welby Archbishop of Canterbury

Related parties and connected organisations

The organisation has a wholly owned trading subsidiary, tRADe Ltd. This subsidiary did not trade during 2020/21.

Public Benefit

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the organisation's aims and objectives and in planning future activities and setting the grant making policy for the year.

The trustees

Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Thomas Mulloy (Chair) Melissa Scacco Mudawi (Honorary Treasurer)(appointed 27 October 2020) Lyndon Borrow Margaret Joachim Masami Fenesan Laura Eadsforth Paul Ntulila (appointed 27 October 2020) Semhar Beyene (appointed 27 October 2020) Abigail Gorman (resigned 17 February 2021) Melinda Napier (appointed 27 October 2020, resigned 4 January 2021) David Cattermole (resigned 29 July 2020) Sam Calder-Bray (resigned 25 October 2020)

Nine of these trustees are deaf. At the end of the year, we had eight trustees, six of whom are deaf.

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The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

Appointment of trustees

Trustees are appointed for a three-year term at an AGM and are allowed to stand for a second consecutive term (subject to invitation from the Chair). Trustees can stand subsequently for re-appointment but must leave the board for a period of one year. When new trustees are needed, members of the existing board are reviewed, and any skills gap identified.

New trustees undertake an operational induction with the joint CEOs and a board induction with the chair. The board undertake governance training periodically and any individual training needs of trustees who are new to their role are agreed with the chair.

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 March 2021 was 12 (2020 - 9). The trustees have no beneficial interest in the charitable company.

Management

Management is delegated to an executive team. The executive team is responsible for the full range of RAD’s activities. The executive team comprises a Director of Operations along with three further members of the team who alongside their substantive roles also undertake jointly the role of Chief Executive. We have an agreed scheme of delegation.

Amanda Casson Webb - Joint CEO | Director of Communications and Community Lesley Frearson - Joint CEO | Director of Finance and Business Support Sue Evans - Joint CEO | Director of Services Julie Ratcliffe - Director of Operations

Pay policy for senior colleagues

As part of the budget setting process for the following year trustees agree the annual pay increases for all colleagues.

The trustees agree the salaries of the joint CEOs, as well as any additional changes to salary levels of the joint CEOs (over and above the annual agreed pay increase).

Principal Professional Advisors

Bankers National Westminster Bank PLC Park Royal Branch 1 Abbey Road London, NW10 7RA Solicitors Fisher Jones Greenwood Charter Court, Newcomen Way Severalls Business Park Colchester, Essex, CO4 9YA Insurers Arthur J Gallagher Temple Point, 7[th] Floor, I Temple Row Birmingham, B2 5LG Auditors Whittles Chartered Accountants The Old Exchange 64 West Stockwell Street Colchester, Essex, CO1 1HE

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The Royal Association for Deaf people (and subsidiary undertakings) Annual Report | year ended 31 March 2021

Financial Advisors Plan Money Ltd Bentley House Forge Lane Great Bentley Colchester Essex CO7 8GD

Responsibilities of the trustees

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the year then ended.

In preparing those financial statements which give a true and fair view, the trustees should follow best practice and:

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006.

The trustees 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.

Statement of disclosure of information to auditors

We, the directors of the company who held office at the date of approval of these financial statements, as set out above, each confirm as far as we are aware, that:

Whittles were appointed as the charitable company's auditors during the year and have expressed their willingness to continue in that capacity.

This report has been prepared in accordance with the provisions applicable to small companies entitled to the small companies exemption.

Approved by the Trustees on 27 July 2021 and signed on their behalf by Mr Thomas Mulloy – Chair [cf!� ]

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The Royal Association for Deaf people and subsidiary undertakings

Financial statements year ended 31 March 2021

Independent Auditor’s Report to the Members of The Royal Association for Deaf People and subsidiary undertakings

Opinion

We have audited the financial statements of The Royal Association for Deaf People (the ‘parent charitable company’) and its subsidiaries (the 'group') for the year ended 31 March 2021 which comprise the consolidated statement of financial activities, the consolidated and parent company balance sheet, the consolidated statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s or parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the Trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

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The Royal Association for Deaf people and subsidiary undertakings

Financial statements year ended 31 March 2021

Independent Auditor’s Report to the Members of The Royal Association for Deaf People and subsidiary undertakings

Responsibilities of trustees

As explained more fully in the statement of Trustees responsibilities, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the groups and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and report in accordance with this Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The audit tests, including planning procedures, adopted for the audit of these financial statements are designed to assess and detect the risk of irregularities, including fraud. Our risk assessment of the likelihood of irregularities included the high degree of involvement of the experienced directors and trustees, which reduces the risk of irregularities. The audit team was competent to assess the risk and identify any potential irregularities. A thorough understanding of the processes, frameworks and authorisations in place was obtained from the directors and tested throughout the audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable group’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable group’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable group’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Michael Greene BSc FCCA (Senior Statutory Auditor)

for and on behalf of Whittles

…………………..

Chartered Accountants Whittle & Partners LLP Statutory Auditor The Old Exchange 64 West Stockwell Street Colchester Essex CO1 1HE

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The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Consolidated Statement of Financial Activities including income and expenditure account

Restricted
Income
Note
£
2
1,085
Investment income
3
-
1,085
4
209,625
4
42,673
4
13,000
4
228,742
4
-
4
86,444
Other services
4
17,945
598,429
Other income
-
Total income
599,514
Expenditure
5
13,681
Charitable expenditure
5
-
5
239,619
5
46,884
5
12,031
5
208,524
5
86,444
Training and other services
5
17,945
Total expenditure
625,128
Net gains/(losses) on investments
9
-
6
(25,614)
Transfers
-
(25,614)
272,336
246,722
Fundraising
Independent living services
Net movement in funds
Communication services
Net income/(expenditure)
Funds at 1 April 2020
Other projects and funding
Funds at 31 March 2021
RADvice
Education and training
Deaf centres and community
engagement
Income from charitable activities
Other projects and funding
Gain/(loss) on the disposal of fixed
assets
Costs of raising funds
Communication services
DeafAdvance
Independent living services
RADvice
Donations and legacies
DeafAdvance		 Restricted
Income
Note
£
2
1,085
Investment income
3
-
1,085
4
209,625
4
42,673
4
13,000
4
228,742
4
-
4
86,444
Other services
4
17,945
598,429
Other income
-
Total income
599,514
Expenditure
5
13,681
Charitable expenditure
5
-
5
239,619
5
46,884
5
12,031
5
208,524
5
86,444
Training and other services
5
17,945
Total expenditure
625,128
Net gains/(losses) on investments
9
-
6
(25,614)
Transfers
-
(25,614)
272,336
246,722
Fundraising
Independent living services
Net movement in funds
Communication services
Net income/(expenditure)
Funds at 1 April 2020
Other projects and funding
Funds at 31 March 2021
RADvice
Education and training
Deaf centres and community
engagement
Income from charitable activities
Other projects and funding
Gain/(loss) on the disposal of fixed
assets
Costs of raising funds
Communication services
DeafAdvance
Independent living services
RADvice
Donations and legacies
DeafAdvance		 Designated
-
-		 2021
Unrestricted
Total
£
£
409,501
410,586
133,273
133,273		 2021
Unrestricted
Total
£
£
409,501
410,586
133,273
133,273		 2020
Restricted
£
207,747
-		 Unrestricted
£
880,123
140,412		 Total
£
1,087,870
140,412
1,085 - 542,774 543,859 207,747 1,020,535 1,228,282
209,625
42,673
13,000
228,742
-
86,444
17,945		 545
2,594
-
6,722
-
-
-		 50,669
46,035
872,044
48,384
12,320
357,608
-		 260,839
91,302
885,044
283,848
12,320
444,052
17,945		 190,256
84,407
-
131,951
-
26,444
17,945		 18,535
44,677
880,552
42,034
22,955
536,546
63		 208,791
129,084
880,552
173,985
22,955
562,990
18,008
598,429 9,861 1,387,060 1,995,350 451,002 1,545,363 1,996,365
- - - - - (8,455) (8,455)
599,514 9,861 1,929,834 2,539,209 658,749 2,557,443 3,216,192
13,681
-
239,619
46,884
12,031
208,524
86,444
17,945		 -
22,374
101,636
121,679
31,467
116,010
9,615
-		 74,046
62,884
123,230
57,940
970,476
156,098
365,460
5,734		 87,727
85,258
464,485
226,503
1,013,974
480,632
461,519
23,679		 22,230
4,667
200,436
88,804
-
144,945
26,444
17,945		 220,933
165,826
302,863
59,275
1,062,416
60,983
597,413
5,401		 243,163
170,493
503,299
148,079
1,062,416
205,928
623,857
23,346
625,128 402,781 1,815,868 2,843,777 505,471 2,475,110 2,980,581
- - 619,098 619,098 - (94,284) (94,284)
(25,614) (392,920) 733,064 314,530 153,278 (11,951) 141,327
- 331,517 (331,517) - - - -
(25,614) (61,403) 401,547 314,530 153,278 (11,951) 141,327
272,336 5,493,252 595,820 6,361,408 119,058 6,101,023 6,220,081
246,722 5,431,849 997,367 6,675,938 272,336 6,089,072 6,361,408

The company has not prepared a separate income and expenditure account. The surplus for the year was £314,530 (2020: £141,327)

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 18 to the financial statements.

17

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | as at 31 March 2021

Balance sheet Company number 3973353

Group
2021
2020
Note
£
Fixed assets
8
560,365
553,125
9
84,497
71,802
9 3,535,753
2,929,350
4,180,615
3,554,277
Current assets
Debtors
11
404,208
496,889
Cash at bank and in hand
2,312,460
2,533,792
2,716,668
3,030,681
Creditors: amounts falling due
within one year
12
221,345
223,550
Net current assets
2,495,323
2,807,131
Net assets
14 6,675,938
6,361,408
Funds
Restricted funds
246,722
272,336
Unrestricted funds
Designated funds
5,431,849
5,493,252
General funds
997,367
595,820
6,429,216
6,089,072
Total funds
18 6,675,938
6,361,408
Fixed asset investment
Tangible Fixed assets
Investments		 Group
2021
2020
Note
£
Fixed assets
8
560,365
553,125
9
84,497
71,802
9 3,535,753
2,929,350
4,180,615
3,554,277
Current assets
Debtors
11
404,208
496,889
Cash at bank and in hand
2,312,460
2,533,792
2,716,668
3,030,681
Creditors: amounts falling due
within one year
12
221,345
223,550
Net current assets
2,495,323
2,807,131
Net assets
14 6,675,938
6,361,408
Funds
Restricted funds
246,722
272,336
Unrestricted funds
Designated funds
5,431,849
5,493,252
General funds
997,367
595,820
6,429,216
6,089,072
Total funds
18 6,675,938
6,361,408
Fixed asset investment
Tangible Fixed assets
Investments		 Group
2021
2020
Note
£
Fixed assets
8
560,365
553,125
9
84,497
71,802
9 3,535,753
2,929,350
4,180,615
3,554,277
Current assets
Debtors
11
404,208
496,889
Cash at bank and in hand
2,312,460
2,533,792
2,716,668
3,030,681
Creditors: amounts falling due
within one year
12
221,345
223,550
Net current assets
2,495,323
2,807,131
Net assets
14 6,675,938
6,361,408
Funds
Restricted funds
246,722
272,336
Unrestricted funds
Designated funds
5,431,849
5,493,252
General funds
997,367
595,820
6,429,216
6,089,072
Total funds
18 6,675,938
6,361,408
Fixed asset investment
Tangible Fixed assets
Investments		 Company
2021
2020
£
£
560,365
553,125
84,499
71,805
3,535,753
2,929,350		 Company
2021
2020
£
£
560,365
553,125
84,499
71,805
3,535,753
2,929,350
3,554,277 4,180,617 3,554,280
496,889
2,533,792		 405,073
2,312,460		 497,884
2,533,792
3,030,681 2,717,533 3,031,676
223,550 221,345 223,550
2,807,131 2,496,188 2,808,126
6,361,408 6,676,805 6,362,406
246,722
5,431,849
997,367		 272,336
5,493,252
595,820		 246,722
5,431,849
998,234		 272,336
5,493,252
596,818
6,429,216 6,089,072 6,430,083 6,090,070
6,361,408 6,676,805 6,362,406

The financial statements on pages 17 to 33 were approved and authorised for issue by the trustees on 27 July 2021 and signed on their behalf by:

cf!�

Mr Thomas Mulloy - Chair

18

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Statement of cash flows

2021 2020
£ £ £ £
Cash used in operating activities (310,258) 55,731
Cashflows from investing activities
Interest received 117,078 118,865
Proceeds on disposal of investments - 1,546
Dividends received - 797
Acquisition of tangible fixed assets (28,152) (3,330)
Sale of tangible fixed assets - -
Cash provided by investing activities 88,926 117,878
Increase/(decrease) in cash and cash equivalents in the
year (221,332) 173,609
Notes to the cashflow statement
1. Reconciliation of net income to net cash flow from operating activities
2021 2020
£ £
Net income/(expenditure) for the year 314,530 141,327
Interest received (117,078) (118,865)
Dividends received - (797)
Loss/(profit) on sale of investments - 8,455
Loss/(gain) on investments (619,098) 94,284
(Increase)/decrease in debtors 92,681 (86,015)
Increase/(decrease) in creditors (2,205) (943)
Depreciation and amortisation of goodwill 20,912 18,284
Net cash flow from operating activities (310,258) 55,731
2. Analysis of changes in cash and current asset investment during the year
At 31 March At 31 March March
2019 Cashflow 2020 Cashflow 2021
£ £ £ £ £
Cash at bank and in hand 2,360,183 173,609 2,533,792 (221,332) 2,312,460
Fixed asset cash investments (cost) 2,500,000 - 2,500,000 - 2,500,000
4,860,183 173,609 **5,033,792 ** (221,332) 4,812,460

19

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

1. Accounting policies

Charity information

The Royal Association for Deaf people is a private company limited by guarantee incorporated in England and Wales. The registered office and principal place of business is Block F, Parkside Office Village, Knowledge Gateway, Nesfield Road, Colchester CO4 3ZL.

The Association meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historic cost or transaction value unless otherwise stated in the relevant accounting policy note.

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

Holiday entitlement earned but not taken at 31 March 2021 is accrued based on rates of pay effective at that date.

Expenditure is allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned based on the direct cost of the activity.

Other expenditure represents those items not falling into any other heading.

Freehold property 2% straight line basis (excluding land) Leasehold property Evenly over the shorter of the outstanding portion of the lease or 50 years 20% straight line basis Furniture fittings and equipment Computer and office equipment 33% straight line basis

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities.

20

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

1. Accounting policies (continued)

The charity is an exempt organisation for VAT purposes and consequently input tax on its purchases are not fully recoverable.

In accordance with FRS 102 the Association accounts for pension costs on the basis of contributions to the Scheme in the year.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

21

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

2. Donations and legacies

Donations and legacies Donations and legacies
Restricted
£
-
1,085
Total
1,085
For the year ended 31 March 2020
207,747
Investment income
Restricted
£
-
Bank deposit interest
-
Rent from freehold property
-
-
For the year ended 31 March 2020
-
Income from Charitable activities
Restricted
£
131,934
9,995
23,605
24,582
14,242
-
-
5,267
-
Total - Statutory Sources
209,625
-
Other incoming resources
-
209,625
For the year ended 31 March 2020
190,256
Restricted
£
5,268
28,857
8,548
-
Total - Statutory Sources
42,673
Other incoming resources
-
42,673
For the year ended 31 March 2020
84,407
Donations, appeals, gifts and
RADvice
Local Authority Agency Grants
Legacies
UK Power Networks
Dividends
Home Office EU Settlement
HMRC
DWP employment work and
assessments
Greater London Authority - Citizen
Led Engagement programme
COVID-19 emergency funding
Big Lottery - Talent Match
Essex community fund
City Lit
Grants and contract income - DeafAdvance
City Lit
Big Lottery/European Social Fund
Trust funding		 Unrestricted
£
383,143
26,358		 2021
Total
£
383,143
27,443		 Restricted
£
169,520
38,227		 Unrestricted
£
833,556
46,567		 2020
Total
£
1,003,076
84,794
409,501 410,586 207,747 880,123 1,087,870
1,087,870
2021
Total
£
-
117,178
16,095		 Restricted
£
-
-
-		 Unrestricted
£
797
118,865
20,750		 2020
Total
£
797
118,865
20,750
880,123
Unrestricted
£
-
117,178
16,095
133,273 133,273 - 140,412 140,412
140,412 140,412
2021
Total
£
131,934
9,995
23,605
24,582
14,242
-
-
5,267
-
209,625
-
51,214		 Restricted
£
106,963
-
23,605
34,365
-
5,815
11,758
7,750
-
190,256
-
-		 Unrestricted
£
-
-
-
-
-
-
-
-
-
-
18,535		 2020
Total
£
106,963
-
23,605
34,365
-
5,815
11,758
7,750
-
Unrestricted
£
-
-
-
-
-
-
-
-
-
51,214
209,625
-
-		 190,256
-
18,535
209,625 51,214 260,839 190,256 18,535 208,791
190,256 18,535 208,791
2021
Total
£
5,268
28,857
8,548
44,776
87,449
3,853		 Restricted
£
7,600
68,260
8,547
-
84,407
-		 Unrestricted
£
-
-
-
44,677
44,677
-		 2020
Total
£
7,600
68,260
8,547
44,677
Unrestricted
£
-
-
-
44,776
44,776
3,853
42,673
-		 129,084
-
42,673 48,629 91,302 84,407 44,677 129,084
129,084
84,407 44,677

3. Investment income

4. Income from Charitable activities

22

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

4. Income from Charitable activities (continued)

Restricted
Unrestricted
£
£
Other incoming resources
-
872,044
COVID-19 emergency funding
13,000
13,000
872,044
For the year ended 31 March 2020
-
880,552
Restricted
Unrestricted
£
£
-
-
23,838
-
2,000
-
8,516
-
13,860
-
83,328
-
12,613
-
14,289
-
49,654
-
7,840
-
5,000
-
7,804
-
Total - Statutory Sources
228,742
-
Other incoming resources
-
55,106
228,742
55,106
For the year ended 31 March 2020
131,951
42,034
-
12,320
-
12,320
For the year ended 31 March 2020
-
22,955
Income - Statutory Sources - HMRC
26,444
COVID-19 emergency funding
60,000
-
357,608
86,444
357,608
For the year ended 31 March 2020
26,444
536,546
17,945
-
-
-
17,945
-
For the year ended 31 March 2020
17,945
63
Income - Communication services
Oak Lodge School
Contract income - Education and training
Other incoming resources
Other income
Income - Other services
Other incoming resources
Trust Funding
HMRC
Frank Barnes
Befriending funding
Action for Children/Essex CC short
breaks
Money and Pension Service
(MAPS) - in partnership with
MyBnk
Talkmore and DeafAge funded
services
Hearability Sensory grant
Grants and contract income - Other projects and funding
Grants and contract income - Independent living services
Right to Thrive
Partnership for Young London
COVID-19 emergency funding
Local authority grants		 Restricted
Unrestricted
£
£
Other incoming resources
-
872,044
COVID-19 emergency funding
13,000
13,000
872,044
For the year ended 31 March 2020
-
880,552
Restricted
Unrestricted
£
£
-
-
23,838
-
2,000
-
8,516
-
13,860
-
83,328
-
12,613
-
14,289
-
49,654
-
7,840
-
5,000
-
7,804
-
Total - Statutory Sources
228,742
-
Other incoming resources
-
55,106
228,742
55,106
For the year ended 31 March 2020
131,951
42,034
-
12,320
-
12,320
For the year ended 31 March 2020
-
22,955
Income - Statutory Sources - HMRC
26,444
COVID-19 emergency funding
60,000
-
357,608
86,444
357,608
For the year ended 31 March 2020
26,444
536,546
17,945
-
-
-
17,945
-
For the year ended 31 March 2020
17,945
63
Income - Communication services
Oak Lodge School
Contract income - Education and training
Other incoming resources
Other income
Income - Other services
Other incoming resources
Trust Funding
HMRC
Frank Barnes
Befriending funding
Action for Children/Essex CC short
breaks
Money and Pension Service
(MAPS) - in partnership with
MyBnk
Talkmore and DeafAge funded
services
Hearability Sensory grant
Grants and contract income - Other projects and funding
Grants and contract income - Independent living services
Right to Thrive
Partnership for Young London
COVID-19 emergency funding
Local authority grants		 Restricted
Unrestricted
£
£
Other incoming resources
-
872,044
COVID-19 emergency funding
13,000
13,000
872,044
For the year ended 31 March 2020
-
880,552
Restricted
Unrestricted
£
£
-
-
23,838
-
2,000
-
8,516
-
13,860
-
83,328
-
12,613
-
14,289
-
49,654
-
7,840
-
5,000
-
7,804
-
Total - Statutory Sources
228,742
-
Other incoming resources
-
55,106
228,742
55,106
For the year ended 31 March 2020
131,951
42,034
-
12,320
-
12,320
For the year ended 31 March 2020
-
22,955
Income - Statutory Sources - HMRC
26,444
COVID-19 emergency funding
60,000
-
357,608
86,444
357,608
For the year ended 31 March 2020
26,444
536,546
17,945
-
-
-
17,945
-
For the year ended 31 March 2020
17,945
63
Income - Communication services
Oak Lodge School
Contract income - Education and training
Other incoming resources
Other income
Income - Other services
Other incoming resources
Trust Funding
HMRC
Frank Barnes
Befriending funding
Action for Children/Essex CC short
breaks
Money and Pension Service
(MAPS) - in partnership with
MyBnk
Talkmore and DeafAge funded
services
Hearability Sensory grant
Grants and contract income - Other projects and funding
Grants and contract income - Independent living services
Right to Thrive
Partnership for Young London
COVID-19 emergency funding
Local authority grants		 2021
Total
£
872,044
13,000		 Restricted
£
-		 Unrestricted
£
880,552		 2020
Total
£
880,552
885,044 - 880,552 880,552
880,552
2021
Total
£
-
23,838
2,000
8,516
13,860
83,328
12,613
14,289
49,654
7,840
5,000
7,804
228,742
55,106		 Restricted
£
9,844
21,549
3,000
8,516
10,167
-
-
24,793
49,654
-
-
4,428
131,951
-		 Unrestricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
42,034		 2020
Total
£
9,844
21,549
3,000
8,516
10,167
-
-
24,793
49,654
-
-
4,428
228,742
-		 131,951
42,034
228,742 55,106 283,848 131,951 42,034 173,985
173,985
12,320		 - 22,955 22,955
131,951 42,034
12,320
12,320 12,320 - 22,955 22,955
22,955 22,955
26,444
60,000
357,608		 26,444
-
-		 -
-
536,546		 26,444
-
536,546
357,608
357,608 444,052 26,444 536,546 562,990
536,546 562,990
17,945
-		 17,945
-		 -
63		 17,945
63
-
-
- 17,945 17,945 63 18,008
18,008
63

Unsolicited unrestricted grants are treated as donations. Restricted grants, above, are for activities in furtherance of the charity's objects.

23

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

5. Expenditure on Charitable activities

Expenditure on Charitable activities
Staff costs (note 7)
Caretaking and cleaning
Rent, rates, heating, lighting
Depreciation and amortisation
Repairs, maintenance, insurance
Postage and telephones
Printing and stationery
Transport and subsistence
Professional fees
Fundraising and publicity direct costs
Major property repairs
Outsourced IT support and expenditure
Office equipment, repairs, maintenance and hire
General expenses
Payments to partner organisations
Apportionment of shared premises and office costs
Allocation of support costs relating to restricted funds
Total direct costs
Support costs apportioned based on direct costs
Restricted expenditure
Designated expenditure
Unrestricted expenditure
Total expenditure on charitable activities
For the year ended 31 March 2020
Restricted expenditure
Unrestricted expenditure
Total expenditure on charitable activities		 Fundraising
£
42,045
-
-
-
-
655
-
107
-
24,896
-
-
(2,111)
892
-
-
 £
31,266
1,752
3,030
13,874
4,069
693
41
-
936
-
-
-
581
7,939
-
432
Deaf centres
and community
engagement		 RADvice
£
325,935
-
9,502
2,160
478
3,083
656
460
751
315
-
-
7,933
737		 DeafAdvance
£
139,215
-
11,262
2,521
555
1,662
558
147
826
-
-
-
6,928
7,982		 Independent
living
services
£
683,268
-
125
-
6,876
10,690
189
60,012
-
-
-
-
4,712
2,569
-
-
768,441
245,533		 Other
projects
and funding
£
270,971
-
10,602
2,357
1,975
3,603
449
3,480
1,794
90
-
-
16,528
7,143
45,255
-
364,247
116,385		 Training
and other
Services
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
17,945
17,945
5,734		 Communication
services
£
312,369
-
-
-
-
25,861
88
-
2,232
-
-
-
8,790
422
-
-
349,762
111,757		 £
497,904
1,390
38,857
-
18,876
7,796
3,685
199
10,632
-
-
108,657
2,141
16,429
-
-
(17,945)
688,621
(688,619)
Support costs
apportioned		 Total 2021
£
2,302,973
3,142
73,378
20,912
32,829
54,043
5,666
64,405
17,171
25,301
-
108,657
45,502
44,113
45,255
432
-
2,843,779
-		 2020
£
2,337,487
5,084
56,959
18,284
26,059
52,026
8,324
143,025
14,944
35,056
37,404
93,186
35,605
73,244
45,256
(1,362)
-
66,484
21,243		 64,613
20,645		 352,010
112,475		 171,656
54,847		 2,980,581
-
13,681
74,046		 -
22,374
62,884		 239,619
101,636
123,230		 46,884
121,679
57,940		 12,031
31,467
970,476		 208,524
116,010
156,098		 17,945
5,734		 86,444
9,615
365,460		 -
-		 625,128
402,781
1,815,868		 505,471
2,475,110
87,727 85,258 464,485 226,503 1,013,974 480,632 23,679 461,519 - 2,843,779 2,980,581
22,230
220,933		 4,667
165,826		 200,436
302,863		 88,804
59,275		 -
1,062,416		 144,945
60,983		 17,945
5,401		 26,444
597,413		 -
-		 505,471
2,475,110
2,980,581
243,163 170,493 503,299 148,079 1,062,416 205,928 23,346 623,857 -

24

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

6. Net incoming resources for the year

This is stated after charging :

This is stated after charging :
2021 2020
£ £
Depreciation 20,912 18,284
Trustees' remuneration Nil Nil
Trustees' reimbursed expenses Nil 254
Auditors' remuneration:
�Audit fee current year 9,000 9,000
�Audit fee prior year (over)/under accrued 900 (1,000)
�Non-audit services - -
Operating lease rentals:
�Property 52,875 28,308
�Other - -

Expenses reimbursed to trustees represent the reimbursement of travel and subsistence costs to trustees. During the year expenses were reimbursed to nil (2020-4) trustees relating to attendance at trustee meetings. These expenses, are subject to the charity's processes of internal controls.

As in previous years, all the trustees worked honorarily for the Association and accordingly received no remuneration for their services. No directors were paid for other paid work during the year (2020 £nil).

7. Staff costs and numbers

Staff costs were as follows:

Staff costs were as follows:
Salaries and wages
Social security costs
Pension contributions
Freelance, temp and agency staff, training and recruitment		 2021
£
1,755,530
144,699
109,200
2,009,429
293,544		 2020
£
1,607,472
123,899
96,720
1,828,091
509,396
2,302,973 2,337,487

Salaries and wages include statutory redundancy payments made - - during the year

The following number of employees earned in excess of £60,000 (including pension contributions

£60,000 - £70,000 0 (2020 £60,000 - £70,000 2) £70,000 - £80,000 3 (2020 £70,000 - £80,000 1) The key management personnel of the Company and its subsidiaries are the joint leadership team of three Joint Chief Executives along with a Director of Operations.

Employee benefits of key management personal totalled £278,066

25

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

7. Staff costs and numbers (continued)

The average weekly number of employees (full-time equivalent) during the year was as follows:

2021 2020
No. No.
Community engagement 1 1
RADvice 6 6
DeafAdvance 6 7
Other services 13 10
Independent Living service 37 39
Communication services 2 2
Governance 1 1
Fundraising and Publicity 4 3
70 69

During the year to 31 March 2021 there were 102 individuals on average (2020: 98) employed on a full and part-time basis.

26

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

8. Tangible fixed assets Group and company

Tangible fixed assets
Group and company
Furniture,
fittings,
Freehold plant and
properties* equipment Totals
£ £ £
COST
At 1 April 2020 612,712 217,407 830,119
Additions in year - 28,152 28,152
Disposals in year - - -
At 31 March 2021 612,712 245,559 858,271
DEPRECIATION
At 1 April 2020 70,541 206,453 276,994
Depreciation on disposals - - -
Charge for the year 4,029 16,883 20,912
At 31 March 2021 74,570 223,336 297,906
NET BOOK VALUE
At 31 March 2021 538,142 22,223 560,365
At 31 March 2020 542,171 10,954 553,125

All property and equipment are held in furtherance of the Association's charitable objectives.

The Charity's Freehold Properties are mainly used for charitable purposes and therefore no valuation has been carried out.

The Green Lanes property which is included within Freehold Properties was seriously damaged by fire; it has not been written off as its net book value is lower than any proceeds which would be received from its sale.

27

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

9. Fixed asset investments

a) Investment in subsidiary undertakings

2021 2020
£ £
2 3

At 31 March 2021 the Association owned 100% of the share capital (2 x £1 ordinary shares) of tRADe Limited (company number 2693994) which was established to undertake the commercial activities of the Association. At 31st March 2021 the aggregate of the share capital and reserves of tRADe Limited was £(864) (2020 £(851)), turnover of £nil (2020 £nil), administrative expenses of £13 (2020 £13), the deficit for the year then ended was £13 (2020 £13).

b) Listed investments:
COIF Charities Investment Fund
Unrealised Gain/(Loss) on COIF Investment Fund
Unrealised Gain/(Loss) on COIF Investment Fund at 1 April 2020
Unrealised Gain/(Loss) on COIF Investment Fund at 31 March 2021
Unrealised Gain/(Loss) on COIF Investment Fund for the year
Net unrealised Gain/(Loss) on other investments (note 10b)
Unrealised Gain/(Loss) on investment for the year ending 31 March 2021
Investment proceeds on disposal
c) Other Investments
Net unrealised gain/(loss) for the year
Historical cost at 31 March 2021
Experian Group ordinary shares
At 1 April 2020
Net unrealised investment gains
At 31 March 2021
Burberry Group ordinary shares
Sainsbury PLC (formerly Home Retail Group ordinary shares)
This is represented by:		 £
71,802
-
12,695
84,497
12,580
71,917
£
2,024
64,758
17,715
84,497 84,497
2021
£
2,500,000
1,035,753		 84,499
2020
£
2,500,000
429,350
3,535,753 2,929,350
429,350
1,035,753
606,403
12,695
619,098

28

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

**10. ** Financial instruments Group Company
2021 2020 2021 2020
£ £ £ £
Carrying amount of financial assets
Debt instruments measured at amortised cost 150,006 230,421 150,871 230,421
Carrying amount of financial liabilities
Measured at amortised cost 167,493 180,631 167,493 180,631
**11. ** Debtors Group Company
2021 2020 2021 2020
£ £ £ £
Trade debtors 142,849 227,509 142,849 227,509
Other debtors 7,157 2,912 7,157 2,912
tRADe Limited - - 865 851
RAD Deaf Legal Enterprises CIC - - - 144
Prepayments and accrued income 254,202 266,468 254,202 266,468
404,208 496,889 405,073 497,884
**12. ** Creditors: amounts falling due within one year
Group Company
2021 2020 2021 2020
£ £ £ £
Trade creditors 34,851 64,324 34,851 64,324
Taxation and social security 34,035 31,693 34,035 31,693
Accruals 86,860 88,769 86,860 88,769
Deferred income (see note 14) 19,817 11,226 19,817 11,226
Other creditors 45,782 27,538 45,782 27,538
221,345 223,550 221,345 223,550

Other creditors includes funds held on behalf of two campaigns: #whereistheinterpreter (£8,742) are funds raised to support legal costs for a judicial review into the lack of interpreters at the UK government's COVID19 briefings; Hear Art (£9,554) are funds raised to support the production of short films by deaf filmakers.

13. Deferred Income

Deferred income comprises income received or invoiced in advance of work carried out

2021
£
Balance as at 1 April 2020 11,226
Amount released to incoming resources (9,735)
Amount deferred in year 18,326
Balance as at 31 March 2021 19,817
**14. ** Analysis of net assets between funds
Restricted Designated General
funds funds funds Total funds
£ £ £ £
Tangible fixed assets - 560,365 - 560,365
Long term investments - - 84,497 84,497
Fixed asset investments 246,722 2,736,251 552,780 3,535,753
Cash - 2,135,233 177,227 2,312,460
Net debtors less creditors - - 182,863 182,863
Net assets at 31 March 2021 246,722 5,431,849 997,367 6,675,938

15. Retirement benefit contributions

The charge to profit or loss in respect of defined contribution schemes was £108,525 (2020 - £96,720).

29

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

16. Related Party Transactions

The group has taken advantage of the exemption that transactions entered into between two or more members of a group, do not need to be disclosed, provided that any subsidiary which is party to the transaction is wholly owned by such a member.

17. Operating lease commitments

The charitable company had annual commitments under operating leases expiring as follows:

1 year
2-5 years
over 5 years
Lessor:
1 year
2-5 years
over 5 years
Movements in funds
Restricted funds:
HMRC
Oak Lodge school
Hearability Sensory Grant
Right to Thrive
Essex County Council/Action for
Children Short Breaks
Essex County Council - Sensory
grants
Croydon Community Fund
Croydon CAB
Total restricted funds carried
forward
London Borough of Brent
Southend Borough Council
Royal Borough of Kensington and
Chelsea
Home Office EU settlement scheme
Befriending funding
Frank Barnes
Leasee:
London Borough of Camden
London Borough of Lambeth		 2021
2020
£
£
63,763
28,308
11,016
19,699
-
-
74,779
48,007
2021
2020
£
£
15,750
6,688
11,814
-
-
-
27,564
6,688
At 1 April
2020
£
£
£
-
9,222
(9,222)
-
-
34,117
(34,117)
-
14,000
(14,000)
-
9,970
(9,970)
-
20,500
(20,500)
-
6,800
(6,800)
-
23,838
(21,848)
9,331
37,325
(37,325)
-
14,289
(14,289)
-
8,516
(8,516)
1,423
13,860
(13,860)
-
67,994
(67,994)
12,414
49,654
(49,654)
-
7,840
(3,675)
-
24,582
(24,582)
23,168
342,507
(336,352)
30
Outgoing
resources
Incoming
resources
Property
Property		 2021
2020
£
£
63,763
28,308
11,016
19,699
-
-
Property		 2021
2020
£
£
63,763
28,308
11,016
19,699
-
-
Property		 2021
2020
£
£
-
-
-
-
-
-
Equipment		 2021
2020
£
£
-
-
-
-
-
-
Equipment
74,779
48,007		 -
-
2021
2020
£
£
15,750
6,688
11,814
-
-
-
Property		 2021
2020
£
£
-
-
-
-
-
-
Equipment
27,564 6,688 - -
£
9,222
34,117
14,000
9,970
20,500
6,800
23,838
37,325
14,289
8,516
13,860
67,994
49,654
7,840
24,582
Incoming
resources		 £
(9,222)
(34,117)
(14,000)
(9,970)
(20,500)
(6,800)
(21,848)
(37,325)
(14,289)
(8,516)
(13,860)
(67,994)
(49,654)
(3,675)
(24,582)
Outgoing
resources		 Transfers &
Investment
Gains
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 £
-
-
-
-
-
-
-
1,990
9,331
-
-
1,423
-
12,414
4,165
-
At 31 March
2021
(336,352) 29,323

18. Movements in funds

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

18. Movements in funds (continued)

Transfers &
At 1 April Incoming Outgoing Investment At 31 March
2020 resources resources Gains 2021
£ £ £ £ £
Total restricted funds brought
forward 23,168 342,507 (336,352) - 29,323
Big Potential 25,507 - - - 25,507
The Drapers Company 2,591 - - - 2,591
Talkmore
and
DeafAge		 funded - 12,613 (312) - 12,301
i
Big Lottery/European Social fund		 976 28,857 (29,833) - -
Postcode Lottery 2,276 - - - 2,276
COVID-19 emergency funding - 166,323 (160,357) - 5,966
Essex Community fund 5,815 - (5,815) - -
City Lit - 10,535 (10,535) -
Money and Pension Service (MAPS)
in partnership with MyBnk - 7,804 (7,804) - -
Partnership for Young London - 5,000 (2,237) 2,763
UK Power Networks 14,242 (14,242) -
Restricted Legacies 163,370 (29,159) - 134,211
Trust funding Children and Family 10,559 10,548 (14,801) 6,306
John Came Charity 780 - 780
Catalyst Respite 289 - 289
Holiday Fund 326 - 326
Catalyst Equipment Pool Fund 332 - 332
Legal Advice Interpreting 3,140 - 3,140
Mid Surrey Valuing People Projects 1,192 - 1,192
London Client Holiday 5,300 - 5,300
Surrey Client Holiday 783 - 783
Southend IT training project 1,000 - 1,000
Clapham Modification fees 8,935 - 8,935
2Deaffoot 15,997 1,085 (13,681) - 3,401
Total restricted funds carried
forward 272,336 599,514 (625,128) - 246,722
Unrestricted funds:
Designated funds:
Property and Equipment Fund 553,125 - (11,025) 18,265 560,365
Property Refurbishment Fund 10,336 - - - 10,336
RAD IT Infrastructure 25,344 - (2,849) 15,000 37,495
Investment in new services for Deaf
people 3,009,962 9,861 (322,779) - 2,697,044
Future development fund 1,833,905 - (12,389) - 1,821,516
Colchester and North Essex fund 6,593 - (1,500) - 5,093
Future pay awards 53,987 - (52,239) (1,748) -
Infrastructure and special expenditure
fund - - - 300,000 300,000
Total designated funds 5,493,252 9,861 (402,781) 331,517 5,431,849
General funds 595,820 2,548,932 (1,815,868) (331,517) 997,367
Total unrestricted funds 6,089,072 2,558,793 (2,218,649) - 6,429,216
Total funds 6,361,408 3,158,307 (2,843,777) - 6,675,938

31

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

18. Movements in funds (continued) Purposes of restricted funds

The London Borough of Lambeth, London Borough of Camden, Royal Borough of Kensington and Chelsea, Essex County Council, London Borough of Brent, Southend Borough Council and Croydon CAB provide for an information and advice service to Deaf people in the respective boroughs

Essex County Council provides short breaks funding through Action for Children

HMRC funding provides accessible information, advice and video interpreting, which enables Deaf people to understand and manage their tax and tax credits

Befriending funding is provided by various local authorities to provide befriending support to adults and young people

Frank Barnes provides funding to support families and to be provide liaison work with the school

Restricted legacies were received in previous years to provide services in the Warwickshire and Leicester areas.

Hearability Sensory Grant provides funding for three organisations to provide sensory support. RAD provide management support for this contract to their partner organisations

Home Office EU Settlement Scheme is a grant to support deaf EU citizens in the UK to apply for settled status and raise awareness of the need to do so due to Brexit

Right to Thrive provides funding to work with the deaf LGBTQ+ community in London to support each other's mental health and wellbeing

Funding was received from the Drapers Company towards a project for IT training for Deaf elderly people. Some expenditure on equipment was made during the year and this will be followed with training next year

City Lit London provided funding for both an Information, advice and guidance service for Deaf students and careers for Deaf people

Big Lottery/European Social Fund provides funding for the Building Better Opportunities project where RAD worked in partnership with the Papworth Trust in Essex and Ixion in Essex and Stoke and Staffordshire. The project supports those furthest from the workplace to gain skills and employment

Money and Pensions Service (MAPS) in partnership with MyBnk provides funding to deliver Money Mechanics, financial capability training for 16-17 year olds as part of a Pathfinder programme

The following supported RAD's TalkMore and Deaf Age investment-funded services by providing funding for pilot work, and training for staff and volunteers:

Our especial thanks go to the funders who responded quickly to the pandemic by providing RAD with the funding that allowed us to continue and expand our delivery of services, including:

Partnership for Young London provides for research among young deaf Londoners on their experiences and how they see their futures

UK Power Networks - Power Partners project to educate deaf people about energy and to help them save money

32

The Royal Association for Deaf people (and subsidiary undertakings) Financial Statements | year ended 31 March 2021

Notes to the financial statements

18. Movements in funds (continued)

Purposes of restricted funds

Big Potential provided funding for consultancy services to look at supply chain management

Funding was received from various trusts to support the activities of the Children, Family and Transition team

The holiday fund is to be used in the following way:

(a) one part of the maintenance of the fabric of St Francis Church & Institute at Redhill

(b) one part distributed in gifts of £10 to deserving old age Deaf pensioners of Redhill

(c) the remaining third for providing holidays to Deafblind of Redhill district

John Came Charity represents donations to selected Deaf people

The Catalyst Respite fund is for the provision of respite for carers in North East Essex

The Catalyst Equipment Pool represents funds to maintain a pool of equipment available to anyone in North East Essex to borrow free of charge

Legal Advice Interpreting provides funds to cover interpreting for advice clients receiving legal advice

Mid Surrey Valuing People Projects is funding for several projects run for Surrey County Council

London Client Holiday is a fund to provide communication support to Learning Disability clients in the London area for holidays and outings

Surrey Client Holiday is a fund to provide communication support to Learning Disability clients in the Surrey area for holidays and outings

The Southend IT training project is a grant received from The Rosca Trust towards an IT training project for elderly Deaf people

2Deaf foot was a fundraising walk from John O'Groats to Lands End by two deaf men to raise funds to support deaf individuals requiring mental health support. These funds contributed to the development of TalkMore during the year

Clapham Modification fees relates to donations given for the provision of premises for the Deaf clubs meeting at St Bede's

Designated funds

The property and equipment fund represents the net book value of tangible fixed assets, less those financed by restricted funds

Property Refurbishment Fund includes funds set aside towards the estimated cost of property maintenance and refurbishment required over the next few years

Investment Property Fund represents the balance sheet value of Investment Properties

RAD IT Infrastructure represents funds set aside to upgrade the RAD's infrastructure, notably in relation to IT upgrades. The trustees set aside a further £15,000 during the year to support future IT infrastructure upgrades

Investment in new services for Deaf people is a fund set aside to invest in new services under four key themes

Future development fund represents the profit on the sale of the organisations property. These proceeds are to be ring-fenced for the future development of services

Future pay awards are funds designated from the 2019/20 legacies to pay staff additional pay awards in 2020/21

Colchester and North Essex fund and Deaf club relocation funds represent funds available to support Deaf l b

Infrastructure and special expenditure are funds designated from the 2020/21 surplus on unrestricted funds to support planned expenditure during 2021/22 on a major upgrade to RAD's IT infrastructure and other oneoff special expenditure projects

General funds include funds held as part of the reserves policy of 4 months

33