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2023-03-31-accounts

Page
Message from the Chair
Strategic Report
Aims and objectives
Perfomance
and achievements		 4-6
7-8
Financial
review and policies
Structure,
governance
and management
Statement oftrustees
responsibilities		 9-11
11-13
13-14
Independent
auditor's
report		 15-18
Financial Reports
Statement of Financial Activities 19
Balance sheet 20
Statement ofcash flows 21
Notes to the accounts 22-37

The Royal Association for Deaf people The Royal Association for Deaf people (and subsidiary undertakings)
Trustees' Annual
Report
( year		 ended 31March 2023
Reinvestment
in services for deaf people under the four key service		 themes 1,447
Property purchase
fund		 1,822
Total reserves committed to speciTic projects 4,171
Add:
General fund (Four months' operating
expenditure		 (per policy as above)) 946
Remaining
free reserves		 73

and during the year, the team consisted ofthe following: team consisted ofthe following:
Amanda
Casson Webb		 Joint CEO
) Director ofCommunications		 and Community
(Resigned 30/5/23)
Lesley Frearson Joint CEO [ Director of Finance and Business Support
(Resigned 30/5/23)
Sue Evans Joint CEO [ Director ofServices
(Resigned 30/5/23)
Julie Ratcliffe Director ofOperations
With effect from 2 May 2023, the following
appointments		 were made:
Andrew
Dewey		 Interim Chief Executive
Anna Hughes Interim
Director ofFinance and		 People
Julie Ratcliffe Chief Operating
Officer

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
Floor,		 I Temple Row
Birmingham,
B25LG
Auditors Haines Watts
Town Wall House
4 Balkerne
Hill
Colchester, Essex, CO3 3AD
Financial Advisors Plan Money Ltd
Bentley House
Forge Lane
Great Bentley
Colchester
Essex CO7 BGD

2023 2023
Restricted Designated Unrestricted TOtai Resbicted Designated Unfesbicted Talal
Income Note E E K r
Donations and legacies 2 16,945 206,130 223,075 i50 703,087 703,237
Investment
income		 3 127,787 127,787 134,837 134,837
I
~
Income from charitable activities
RADvice 4 184,855 2,819 187,674 9,999 306,552
DeafAdvanca 4 116,248 45,335 161,583 115,384 115,384
Independent
living		 services 4 19,635 1,066,024 1,085,659 20,702 879,943
Other projects and funding 4 117,453 13,983 131,436 168,499 37,540
Education and training 4 13,477 13,477
Communication
services		 4 8,815 511,559 520,374 471,117 497,561
Other services 4 5,981 5,981 17,945 17,945
~ '
I		 I
~		 I ~ I
Other income
Gain/(loss)
on the disposal of
fixed assets (15,482) (15,482)
Total income ~ I ~
Expenditure
Costs ofraising funds
Fundraising 78,486 78,486
Charitable
expenditure
Deaf centres and community
engagement 1,541 5,367 6,908 21,062 68,199 89,701
RADvice 185,628 153,386 63,253 402,287 360,793 114,584 77,650 553,027
DeafAdvanca 191,131 301,443 75,268 567,842 85,603 351,306 109,4i3 546,322
Independent
living services		 67,281 1,363,425 1,430,706 4,339 6,828 974,432 985,599
Other projects and funding 129,848 173,146 28,429 331,423 156,701 164,368 78,096 399,165
Communication
services		 8,815 592,452 601,267 26,444 4,419 520,126 550,989
Other services 5,981 197,231 203,212 i7,945 36,532 14,940 69,417
Other
Exceptional
item		 165,454 165,454 69,417
Totalexpenditure ~ i ~ i
~
Net gains/(losses)
on		 investment 10 (149,253) (149,253) 321,479 321,479
Net income/(expenditure) 7 I I' I
Transfers 165,000 (165,000) 165,000 (165,000)
Net movement
in funds		 I '
~		 I' i I ~ I'' I
Funds at 1April 2022
Funds at 31March 2023		 240,134
~
~		 4,897,750
I		 1,482,504
I ' I ~		 6,820,388 246,722 5,431,849 997,367 6,675,938

Group Group Company Company
2023 2022 2023 2022
f.
Rxed assets
Tangible fixed assets 9 530,082 549,595 530,082 549,595
Investmenls 10 3,792,476 3.841,729 3,792,478 3,941,731
~ I
Current assets
Debtors 11 606,341 416,312 607,205 417,177
Cash at bank and in hand 644,997 1.864,685 644,997 1,964,685
~I I
Creditors: amounts falling due
within one year 12 383,753 251,933 383,753 251,933
Net current assets i
~
~
I
Net assets 14
Funds
Restrictedfunds 119,$41 240,134 119,841 240,134
Unrestncted funds
Designated funds 4,051,241 4,897,750 4,051,241 4,897,750
General funds 1,019,061 1,482,504 1,019+28 1,483,371
I
I
I		 ~ I I
~		 ~
Total funds 18 ~ ~
~
~

2023
f		 2023
f		 2022
Cash used in operating
activities		 (1,436,912) (463,237)
Cashflows
from investing
activities
Interest received 117,224 115,455
Proceeds on disposal ofinvestments
Dividends
received
Acquisition
oftangible
fixed assets
Sale oftangible
fixed assets
Cash provided
by investing
activities		 117,224 115,462
Increase/(decrease)
in cash and cash equivalents		 in
the year ~ ~ ~
Notes tothe cashflow statement
1. Reconciliation ofnet income to net cash flow from operating activities
2023f 2022f
Net income/(expenditure)
for		 the year (1,430,245) (55,550)
Interest received (117,224) (115,455)
Dividends
received		 (7)
Loss/(profit)
on sale ofinvestments		 15,482
Loss/(gain)
on investments		 149,253 (321,479)
(Increase)/decrease
in debtors		 (190,029) (12,104)
Increase/(decrease)
in creditors		 131,820 30,588
Depreciation
and amortisation		 ofgoodwill 4,031 10,770
Net cash flow from operating activities EIEHEE) M5!ERR
2. Analysis ofchanges
in cash		 and current asset investment during the year
At 31 March At 31 March At 31 March
2021 Cashflow
f		 f 2022 Cashflow 2023f
Cash at bank and in hand 2,312,460 (347,775) 1,964,685 (1,319,688) 644,997
~
~
~ i		 ~ ~ ~ ~
~ ~

2. Donations
and lega		 cies
2023 2022
Restricted Unrestricted Total Restricted Unrestricted Total
F F F
Legacies 16,945 194,214 211,159 674,391 674,391
Donations,
appeals, gifts		 and 11,916 11,916 150 28,696 28,846
Total I ~ I I I I '
3. Investment
income
2023 2022
Restricted Unrestricted Total Restricted Unrestricted Total
F R F F F
Dividends 7 7
Bank deposit interest 117,224 117,224 115,455 115,455
Rent from freehold
property		 10,563 10,563 19,375 19,375
4. Income from charitable activities
2023 2022
Restricted Unrestricted Total Restricted Unrestricted Total
F F K F E
RADvice
Local Authority
Agency Grants		 93,521 93,521 141,729 141,729
COVID-19 emergency funding 17,386 17,386
HMRC 7,868 7,868 23,605 23,605
Home Office EU Settlement 13,952 13,952 21,567 21,567
UK Power Networks and other
energy providers 37,391 37,391 65,338 65,338
Jersey Government 32,123 32,123 25,930 25,930
Groundwork
UK		 998 998
Total - Statutory Sources 184,855 184,855 296,553 296,553
Other incoming
resources		 2,819 2,819 9,999 9,999
~ ~ ~ ~ ~ ~ I ~
2023 2022
Restricted Unrestrictedf Total
6		 Restricted
f		 Unrestricted Total
F
Grants and contract income - DeafAdvance
Big Lottery/European Social Fund 96,138 96,138 59,646 59,646
North LondonESF - Groundworks 6,112 6,112 9,740 9,740
Barnet and Southgate college 18,810 18,810
Realising
Ambition		 5,500 5,500 14,688 14,688
CRF Norfolk and Wyre Forest 5,582 5,582 12,500 12,500
DWP employment
work and
assessments 2,916 2,916
Total - Statutory Sources 116,248 116,248 115,384 115,384
Other incoming
resources		 45,335 45,335

Income from Charitable a ctivi ties ( continued)
2023 2022
Restricted Unrestrictedf Total
E		 Restricted
E		 Unrestricted
f		 Totalf
Grants and contract income- Independent
living services
Wandsworth
and Richmond
independent
advocacy services		 19,635 19,635 16,363 16,363
Other incoming resources 1,066,024 1,066,024 879,943 879,943
COVID-19 emergency
funding		 4,339 4,339
I o ~ I I
I
2023 2022
Restricted Unrestricted
E		 Total Restricted
E		 Unrestricted
E		 Total
f
Grants and contract income - Other projects and funding
Action for Children/Essex CC short
breaks 9,015 9,015 15,831 15,831
Trust Funding 27,120 27„120 30,499 30,499
Befriending
funding		 8,516 8,516
Frank Barnes and Heathlands 3,188 3,188 9,330 9,330
COVID-19emergency
funding		 20,441 20,441
Talkmore and DeafAge funded
services 9,996 9,996 6,271 6,271
Oak Lodge School 19,139 19,139 20,274 20,274
Hearability
Sensory grant		 37,240 37,240 49,654 49,654
Right to Thrive 486 486 7,683 7,683
Deaf Rainbow
UK		 11,269 11,269
Total - Statutory Sources 117,453 117,453 168,499 168,499
Other incoming
resources		 13,983 13,983 37,540 37,540
~i
g ~ ~		 I ~ I
Contract income - Education and training
Other incoming
resources		 13,477 13,477
Income - Communication services
Income - Statutory Sources - HMRC 8,815 8,815 26,444 26,444
Other incoming
resources		 511,559 511,559 471,117 471,117
~
~		 ~
4 41		 ~
~
Income - Other services
HMRC 17,945 17,945
Other income 5,981 5,981
~ &
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2023
E		 2022f
Depreciation 4,031 10,770
Trustees' remuneration Nil Nil
Trustees' reimbursed expenses Nil Nil
Auditors' remuneration:
~ Audit fee current year 9,900 11,700
~ Audit fee prior year (over)/under accrued 900
Operating lease rentals:
~ Property 23,834 59,528
~ Other

2023 2022
E E
Salaries and wages 2,047,492 1,954,760
Social security costs 170,515 161,415
Pension contributions 120,153 118,600
2,338,160 2,234,775
Freelance, temp and agency staff, training and recruitment 497,916 414,409
i
~
I
~		 ~ j ~
~ J
Salaries and wages include statutory redundancy payments made
during the year
The following
number		 ofemployees earned in excess off60,000
F60,000 - f70,000
f70,000 - f80,000		 3 (2022 E60,000 - 670,000 3)
The key management personnel ofthe Company and its subsidiaries during the year were the
joint leadership
team		 ofthree Joint Chief Executives along with a Director ofOperations.
The average we ekly number ofemployees
(full-time		 equivalent)
during the year was a		 s follows:
2023 2022
No. No.
Community engagement 1
RADvice
Governance		 14 11
DeafAdvance 7 12
Other services 5 7
Independent Living service 42 39
Communication services 2 2
1 1
Fundraising and Publicity 3 3

b) Listed investments b) Listed investments
Market value at the beginning ofthe year 3,941,729 3,620,250 3,941,729 3,620,250
Unrealised
gains/(losses)		 (149,253) 321,479 (149,253) 321,479
Market value at the end ofthe year ~
g
~		 ~ ~ g
Historical cost at the end ofthe year ~I ~I
Total investments ~ ~ g ~ g
Debtors Group Company
2023 2022 2023 2022
F F E
Trade debtors 324,545 209,997 324,545 209,997
Other debtors 2,300 2,775 2,300 2,775
tRADe Limited 865 865
Prepayments
and accrued income		 279,496 203,540 279,496 203,540
~ I
I
Creditors: amounts falling due within one year
Group Company
2023 2022 2023 2022
F K
Trade creditors 83,941 70,949 83,941 70,949
Taxation and social security 35,813 39,349 35,813 39,349
Accruals 94,985 97,441 94,985 97,441
Deferred income (see note 13) 9,275 10,850 9,275 10,850
Other creditors 159,739 33,344 159,739 33,344

18. Movements
in funds
Investment
At 1 April Incoming Outgoing gains/ At 31 March
2022
f		 resources
f		 resourcesf Transfers
f		 (losses)
f		 2023
f
Restricted funds:
London Borough of
Lambeth 9,222 (9,222)
London Borough of
Camden 12,601 (12,601)
Southend
Borough
Council 15,000 (15,000)
Croydon
CAB		 21,500 (21,500)
Royal Borough of
Kensington
and Chelsea		 7,204 (7,204)
Essex County
Council/Action
for
Children
Short Breaks		 9,015 (9,015)
Essex County Council—
Sensory grants 9,331 27,994 (37,325)
Oak Lodge school 19,139 (19,139)
Deaf Rainbow
UK		 11,269 (11,269)
Frank Bames and
Heathlands
school		 725 3,188 (3,913)
HMRC 22,664 (22,664)
Hearability
Sensory
Grant 12,414 37,240 (49,654)
Right to Thrive 3,302 486 (3,788)
Home Office EU
settlement
scheme		 13,952 (13,952)
Big Potential 25,507 - (25,507)
The Drapers Company 2,151 (1,541) 610
Talkmore and DeafAge
funded services 4,136 9,996 (7,141) 6,991
Big Lottery/European
Social fund 96,138 (96,138)
Postcode Lottery 2,276 (2,276)
COVID-19 emergency
funding 8,948 (8,948)
North London ESF-
Groundworks 6,112 (6,112)
Barnet and Southgate
College		 13,227 -~13,227
Total restricted funds
carried forward 82,017 322,720 (397,136) 7,601
32

Investment
At 1 April Incoming Outgoing gains/ At 31March
2022 resources resources Transfers (losses) 2023
E E
Total restricted funds
brought forward 82,017 322,720 (397,136) 7,601
Jersey Government 3,242 32,123 (35,365)
DWP employment work
and assessments 2,916 (2,916)
UK Power Networks and
other energy providers 37,391 (25,591) 11,800
Wandsworth
and
Richmond
independent
advocacy services 19,635 (19,635)
Realising Ambition 11,856 5,500 (15,923) 1,433
CRF Norfolk and Wyre
Forest 9,004 5,582 (14,586)
Restricted Legacies 85,789 16,945 (47,646) 55,088
Trust funding
Children
and Family 22,598 27,120 (31,427) 18,291
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
ITtraining
project 1,000 1,000
Clapham
Modification
fees 8,935 8,935
2Deaffoot 3,551 3,551
Total restricted funds
carried forward

Investment
At 1 April Incoming Outgoing gains/ At 31 March
2022 resources
f		 resources Transfers (losses)
f		 2023
E
Unrestricted
funds:
Designated
funds:
Property and Equipment
Fund 549,595 (15,482) (4,031) 530,082
Property
Refurbishment
Fund 3,851 (53) 3,798
RAD IT Infrastructure 52,495 (67,495) 15,000
Investment
in new
services for Deaf people 2,075,325 (627,974) 1,447,351
Property purchase fund 1,821,516 1,821,516
Colchester and North
Essex fund 1,285 (1,338) 53
Infrastructure
and
special expenditure fund 393,683 (295,189) 150,000 248,494
Total designated
funds
General funds 1,482,504 1,973,637 (2,122,827) (165,000) (149,253) 1,019,061
Total unrestricted
funds I I
I
Totalfunds