2021-03-31-accounts - Deafway

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		Page
Report ofthe Trustees	I	to	11
Report ofthe Independent Auditors	12	to	14
Statement ofFinancial Activities
Balance Sheet		16
Cash Flow Statement		17
Notes to the Cash Flow Statement		18
Notes to the Financial Statements	19	to	30

		General	Designated	Restricted	Total
		funds	funds	funds	funds
					f,
Total income		2,470,897	727	42,079	2,513,703
Total expendihue		(2,206,184)	(62,093)	(42,513)	(2,310,790)
Gains/(losses)	on
investments		18,850		78,096	96,946
Gain/(losses)	on
revaluations
Transfers		(264,019)	264,019
Net
income/(expendihire)		19,544	202,653	77,662	299,859

1&eyPerformance	1&eyPerformance	Indicator			2021	2020
Average	mmtber	ofresidents	supported	in
the year					30	30
Amounts	paid in support ofovetueas projects				17,232	55,872
Average	number	ofemployed	people
(head-count)					82	82
Outcome	ofCQC	regulatory	inspections		Not rc-inspected	Not re-inspected
Students	attending	Deaf Awareness
courses/sessions					196	115
Number	ofcomplaints reccivcd				0	0

								2021	2020
					General	Designated	Restricted	Total	Total
					fund	fiind	fund	fimds	fiinds
				Notes	8	f.	8
INCOME AND
KNDOYYMKNTS		FRONI
Donations and legacies				2	3,535		38,780	42,315	55,813
Charitable activities
Services to D/deaf		people			2,466,233	727		2,466,960	2,317,945
Other trading activities									176
Iovcstment income					1,129		3,299	4,428	5,969
Total					2,470,897	727	42,079	2,513,703	2,379,903
EXPENDITURE		ON
Raising fintds					82,729		3,434	86,163	63,353
Charitable activities
Scrviccs to D/deaf		people			2,123,455	62,093	39,079	2,224,627	2,383,168
Total					2,206,184	62,093	42,513	2,310,790	2,446,521
Net gains/(losses)	on
investments					18,850		78,096	96,946	(86,232)
NKT
INCOME/(EXPENDITURE)					283,563	(61,366)	77,662	299,859	(152,850)
Transfers between		funds		19	(264,019)	264,019
Nct movemmit In		funds			19,544	202,653	77,662	299,859	(152,850)
RECONCILIATION			OF
FUNDS
Total funds brought			forward		252,774	1,619,463	211,062	2,083,299	2,236,149
TOTAL FUNDS	CARRIED
FORWARD					272,318	1,822, 116	288,724	2,383,158	2,083299

					2021	2020
		General	Designated	Restricted	Total	Total
		ftll'Irt	fund	fund	funds	funds
	Notes	8	f.	8	8
FIXEDASSETS
Tangible assets	13	135,917	725,000		860,917	863,578
Investments	14	286,588		214,660	501,248	400,527
		422,505	725,000	214,660	1,362,165	1,264,105
CURRENT ASSETS
Stocks	15	1,977			1,977	2,150
Debtors	16	116,469			116,469	48,608
Cash at bank		409,896	1,097,116	74,064	1,581,076	1,106,548
		528,342	1,097,116	74,064	1,699,522	1,157,306
CREDITORS
Amounts falling due within one
year	17	(678,529)			(678,529)	(338,112)
NET CURRENT ASSETS		(150,187)	1,097,116	74,064	1,020,993	819,194
TOTAL ASSETSLESS
CURRENT LIABILITIES		272,318	1,822,116	288,724	2,383,158	2,083,299
NET ASSETS		272,318	1,822, 116	288,724	2,383,158	2,083,299
FUNDS	19
Unrestricted funds:
General fund					272,318	252,775
Designated hmd					1,822,116	1,619,462
					2,094,434	1,872,237
Rcstrictcd I'unds:
Restricted fund					288,724	211,062
TOTAL FUNDS					2,383,158	2,083,299

		F	OR	THE YEAR ENDE	D 31ihlARCH 2021
					2021	2020
				Notes
Cash flows 0om operating		activities
Cash generated from operations					486,260	7,280
Net cash provided by operating activities					486,260	7,280
Cash floivs from investing		activities
Purclmse oftangible fixed	assets				(12,361)	(6,794)
Purchase offixed asset investments					(500)	(300,500)
Interest received					1,129	1,288
Net cash used in investing	activities				(11,732)	(306,006)
Change in cash and cash		equivalents	bi
the reporting pcrlod					474,528	(298,726)
Cash and cash equivalents		at the
beginning ofthe reporting		perqod			1,106,548	1,405,274
Cash and cash equivalents		at the end	of
tire reportbig period					1,581,076	1,106,548

OPERATING AC	TIVITI	ES
					2021	2020
					8
Net Income/(esItenditure)		for the reporting	period (as per the
Statement ofFinancial Activities)					299,859	(152,850)
Adjustments for:
Depreciation charges					15,022	12,854
(Gaill)/losses on ilsvestments					(100,245)	86,231
interest received					(1,129)	(1,288)
Decrease in stocks					197	629
(lncsease)/decrease	in debtors				(67,861)	721
Increase in creditors					340,417	60,983
Nct cash provided	by operations				486,260	7,280
ANALYSIS OF CHANGES IN NET FUNDS
				At 1.4.20	Cash flosv	At 31.3.21
					rs	8
Net cash
Cash at bank				1,106,548	474,528	1,581,076
				1,106,548	474,528	1,581,076
Total				1,106,548	474,528	1,581,076

port ofthe man	port ofthe man	agement accounting process.	agement accounting process.
DONATIONS		AND LEGACIES
				2021	2020
				f
Sundry	donations		and GAYE	41,980	55,478
Face to	face			335	335
				42,315	55,8I3

	NOTES T HE FINANCIAL TEhIENT FOR THE YEAR ENDED 31 h'IARCH	NOTES T HE FINANCIAL TEhIENT FOR THE YEAR ENDED 31 h'IARCH	NOTES T HE FINANCIAL TEhIENT FOR THE YEAR ENDED 31 h'IARCH	-c ntlnue l 2021
3.	OTHER TRADING ACTIVITIES
				2021	2020
					f,
	Use offacilities				176
4.	INVESTMENT INCOhIE
				2021	2020
					f.
	Sports legacy investment		dividends	3,299	4,681
	Interest			1,129	1,288
				4,428	5,969
	INCOME FROM	CHARITABLE ACTIVITIES
				2021	2020
			Activity
	Fees and charges		Services to D/deaf people	2,428,362	2,315,064
	Social club income		Services to D/deaf people	13	2,620
	Outreach services		Services to D/deaf people	38,585	261
				2,466,960	2,317,945
6,	RAISING FUNDS
	Raising donations	and	legacies
				2021	2020
				f.
	Employment costs	- fundtaising		74,897	54,384
	Administration expenses		- fundtaising	5,119	5,569
				80,016	59,953
	Other trading activities
				2021	2020
				f.	f.
	Employment costs	- facilities		6,147	3,400
	Aggregate amounts			86,163	63,353

7.	CHARITA	BLE ACTI	VI	TIES	COSTS
							Support
						Direct	costs (see
						Costs	note 8)	Totals
							f.	f.
	Services to D/deaf people					2,167,978	56,649	2,224,627
8.	SUPPORT	COSTS
								Governance
								cosis
	Services to D/deaf people							56,649
	Support costs, included		in	the above, are as follows:
	Governance	costs
							2021	2020
					Ralslilg
					donatious	Scivices
					allil	to D/deaf	Total	Total
					legacies	people	activities	activities
						f.		f.
	Employment	costs - governance				32,399	32,399	32,405
	Management	and adminisiration			costs-
	govenmuce				(8,400)	24,250	15,850	16,216
	lnvestnient	fees						812
	Audit and accountancy		fees		8,400		8,400	8,400
						56,649	56,649	57,833
9.	NET INCOME/(EXPENDITURE)
	Net incense/(expenditure)			is stated a0er cliarging/(creditiug);
							2021	2020
	Depreciation	- owned assets					15,022	12,854

				31,03,21	31.03.20
Gross (including		agency staff)		1,580,986	1,562, 180
Employer's	National		Insurance	105,511	105,696
Pension				46,323	48,712
				1,732,820	1,716,588

		31.03.21	31,03.20
Management	and Admiuistration	18	17
Caring Staff		52	55
Others		12	10
		82	82

		Genernl	Designated	Restricted	Total
		fund	iliad	fund	fululs
					f.
INCOME	AND ENDOVi1MENTS FROM
Donations	and legacies	4,818	3,752	47,243	55,813
Charitnblc	activities
Seivices to	D/deaf people	2,317,945			2,317,945
Other trading activities		176			176
Investment	income	944	344	4,681	5,969
Total		2,323,883	4,096	51,924	2,379,903
EXPENDITURE ON
Raising funds		59,953		3,400	63,353

		F RTHE YEAR ENDED 31MAR	F RTHE YEAR ENDED 31MAR	F RTHE YEAR ENDED 31MAR	CH 2 21	CH 2 21
12.	CONIPARATIVKS	FOR THE STATEMENT OF FINANCIAL			ACTIVITIES -continued
				General	Designated	Restricted	Total
				fiuld	fund	fimd	ftlllds
					f,	f.	f
	Charitable activities
	Services to D/deaf people			2,177,929	94,272	110,967	2,383,168
	Total			2,237,882	94,272	114,367	2,446,521
	Net gaits/(losses) on investments			(166)		(86,066)	(86,232)
	NET INCOME/(EXPENDITURE)			85,835	(90,176)	(148,509)	(152,850)
	Transfers between	funds		(84,760)	74, 143	10,617
	Net movement in funds			1,075	(16,033)	(137,892)	(152,850)
	RECONCILIATION		OF FUNDS
	Total funds brought	forward		251,700	1,635,495	348,954	2,236,149
	TOTAL FUNDS CARRIED FORWARD			252,775	1,619,462	211,062	2,083,299
13.	TANGIBLE FIXEDASSETS
							Improvements
					Freehold	Long	to
					property	leasehold	property
						f.
	COST
	At 1 April 2020				625,000	100,000	76,766
	Additions
	At 31March 2021				625,000	100,000	76,766
	DEPRECIATION
	At 1 April 2020
	Charge for year
	At 31 March 2021
	NET BOOK VALUE
	At 31March 2021				625,000	100,000	76,766
	At 31 Mmch 2020				625,000	100,000	76,766

TA	NGIBLE FIXED ASSETS - continued
		Motor	Computer
		vehicles	equipment	Totals
		6	6	f,
COST
At	1 April 2020	37,161	187,439	1,026,366
Additions			12,361	12,361
At	31March 2021	37,161	199,800	1,038,727
DEPRECIATION
At	1 April 2020	33,007	129,781	162,788
Charge for year		1,876	13,146	15,022
At	31March 2021	34,883	142,927	177,810
NET BOOKVALUE
At	31March 2021	2,278	56,1173	860,917
At	31March 2020	4,154	57,658	863,578

UK Listed Investments
		Market value	Cost		Market	value	Cost
		2021	2021		2020		2020
General Fund
COIF 52.18income tutits		935		230		775	230
HBOS Ordinary Kl shmes		83	2,283			62	2,283
COIF 93.72 accumulation	shares	21,839	10,500			17,137	11,000
Resttdcted Fund
COIF 356.97accumulation	shares	73,943	5,250		59,477		5,250
Richard Bannister Trust portfolio		93,844	81,862		86,442		81,862
V82 AOYL - Fixed Income Holding		50,596	39,992		33,730		39,992
V82 AOYL —Equities and	Other	260,008	260,008		202,904		260,008
		501,248	100,125		400,527		400,625
		Market Value	Additions/				Market Vahte
		2020	(Disposals)		Gain/(Loss)		2021
			K		f.		f.
General Fund
COIF 52.18income units		742				59	801
HBOS Ordinary Kl shares		126				(5)	121
COIF 93.72 accumulation	shares	14,633		500		1,558	16,691
Restricted Fund
COIF 356.97accumulation	shares	53,349				6,155	59,504
Richard Bannister Trttst portfolio		104,919				4,222	109,141
V82 AOYL - Fixed Income Holding		33,730
V82 AOYL - Equities and	Other	202,904				4,222	109,141
		400,527		500	100,221		501,248
There were no investment	assets outside the UK.
STOCIIS
						2021	2020
Stocks						1,977	2,150

							2021	2020
	Tiade debtors						82,925	16,035
	Prepayments and scented		income				33,544	32,573
							116,469	48,608
17.	CREDITORS:	AMOUNTS FALLING DUK		WITHIN	ONE YEAR
							2021	2020
								8
	Trade creditors						195,516	70,084
	Social security and oihcr		taxes				25,843	29,718
	Other creditors						241,694	98,325
	Accnicd expenses						215,476	139,985
							678,529	338,112
18.	LEASING AGREEMENTS
	Mininnmi lease	payments	under non-cancellable	operating	leases fag due as follows:
							2021	2020
							f,
	Within one year						192	3,224
	Behveen one and five yean						400	1,194
							592	4,418
19.	MOVKh'IENT	liN FUNDS
						Net	Transfers
						movemcnt	bctsvcen	At
				At 1.4.20		m funds	funds	31.3.21
						f.	f.
	Unrestricted funds
	General fimd			252,774		283,563	(264,019)	272,318
	Designated fund			1,619,463		(61,366)	264,019	1,822,116
				1,872,237		222,197		2,094,434
	Restricted funds
	Restricted fund			211,062		77,662		288,724
	TOTAL FUNDS			2,083,299		299,859		2,383,158

			Incensing	Resoutces	Gains and	Movcntcnt
			resources	expended	losses	in funds
			8			f.
Uurestricted funds
General I'und			2,470,897	(2,206,184)	18,850	283,563
Designated	fiutd		727	(62,093)		(61,366)
			2,471,624	(2,268,277 )	18,850	222,197
Restricted	funds
Itestricted	fimd		42,079	(42,513)	78,096	77,662
TOTAL FUNDS			2,513,703	(2,310,790)	96,946	299,859
Comparatives for movement		in funds
				Net	Transfets
				movement	betsveen	At
			At 1.4.19	in funds	funds	31.3.20
Unrestricted funds
General fund			251,700	85,835	(84,760)	252,775
Designated	fimd		1,635,495	(90,176)	74,143	1,619,462
			1,887,195	(4,341)	(10,617)	1,872,237
Resttdcted	funds
Restricted	fund		348,954	(148,509)	10,617	211,062
TOTAL FUNDS			2,236,149	(152,850)		2,083,299

		Incoming	Resources	Gains slid	Movelneltt
		resources f.	expended 8	losses	in funds f
Unrestricted funds
General fund		2,323,883	(2,237,882 )	(166)	85,835
Designated	1'und	4,096	(94,272)		(90,176)
		2,327,979	(2,332,154)	(166)	(4,341)
Restricted	funds
Restricted	fund	51,924	(114,367)	(86,066)	(148,509)
TOTAL FUNDS		2,379,903	(2,446,521)	(86,232)	(152,850)

					Net	Transfers
					movement	between	At
				At IAS19	in funds	funds	31,3.21
				f,
Uurcstricted			fmids
General	fund			251,700	369,398	(348,779)	272,319
Desihmated			fund	1,635,495	(151,542)	338,162	1,822,115
				1,887,195	217,856	(10,617)	2,094,434
Restricted		funds
Restricted		fund		348,954	(70,847)	10,617	288,724
TOTAL	FUNDS			2,236,149	147,009		2,383,158

		Illcolliillg	Resources	Gains and	Movement
		resourcea I	expended f	losses f.	in funds
Unrestricted funds
General lund		4,794,780	(4,444,066)	18,684	369,398
Designated	fund	4,823	(156,365)		(151,542)
		4,799,603	(4,G00,431)	18,684	217,856
Restricted	funils
Restricted	fund	94,003	(156,880)	(7,970)	(70,847)
TOTAL IiUNDS		4,893,606	(4,757,311)	10,714	147,009