DEAFWAY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ch8rlty reglslrallon number 1089918 Company regislratlon number 04243198 (England and Wales)
DEAFWAY LEGAL AND ADMINISTRATIVE INFORMATION Truslees Mr B S Donelly Mr J J Ward OBE Mrs C A Cumlng Mrs P Wynne Mrs V L Hall Ms L Davldson (Appolnted 11 December 2023) (Appointed 11 December 2023) Dr L 8ames Key management personnel Tesresa Dawson Maureen Donelly Chlel executive officer Deputy CEO and Flnan¢e manager Human resources manag8r- Left September 2023 Human Tesources manag8r- Started August 2023 Samantha Jones Roy (Paddy) Wlseman Charlty numbèr 1089918 Company number 04243198 Reglstered offlco Brockholes Brow Preston Lancashlre PR15BB Audltor Champlon Accountanls LLP 7-9 Slatlon Road Hesketh Bank Preston Lancashire PR4 6SN
DEAFWAY CONTENTS Page Trustees. report Statement of trustees, responslb11111è8 11 Independent audltorfs report 12-14 Stalemenl of financlal acllvltles 15-16 Balance sheet 17 Statement of cash flows 18 Notes to the Ilnanclal slatements 19-30
DEAFWAY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trust08s present Ihelr annual report and financlal statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with Ihe accounling policies set out Sn nole 1 to the flnanclal stalements and comply with the charity's Igoverning documentj, the Companies Acl 2006 and "Accounllng and Reportlng by Charilles.. Statement of Recommended Practice applicable to charflles preparlng ihelr accounts In accordance wllh the Flnanclal Reportlng Slandard appllcable In the UK and Republlc of Ireland (FRS 102>. (effectlve 1 January 2019). o)
DEAFWAY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Oblectlves and acllvltles DeaaY is esl8bllshed for: .Ihe rellef ol people who are Dldeaf (Incorporating Oealblind, deafened and hard of hearlng) or who ullllse a vlsual language {whelher that be Brillsh Slgn Language. Slgn Supported English or home language). Flrstly for those resident In Lancashlre and secondly those resldent in the rest of the United Klngdom and elsewhere, In partlcular by asslsllng and supportlng Ihelr equal access to and partl¢lpatlon In all a5P8Cts of sociell. Pul another way, Deafway exlsls to do all Ihal we Can to ensure that Dldeaf {Incorporallng Deafbllnd, doafened and hard of hearing) people get the same opportunilles In all aspects of Ilfe that Ihelr hearlng peers do. Our base Is, and always has been, In Preslon and Lancaster. Lancashlre. However, our work has a natlonal focus and reach. Deafvvay Is therefore 8 local and nallonal charlly. DeaaY has a commllment to ensure that al Ihe core of all ol our work Is an understandlng of and respect for Deaf culture and herllage, BSL {8ritish Sign Language) and the other forms of vlsual communlcallon. Thls expresses our bellef In Ihe la1 Importance of slgn language and Deaf culture to Deaf people across the world: that Oeaf Heritage should be preserved, shared and celebrated and Ihal all of these should Inform our provlslon of Care lo those Deaf people who are In need of11. Theffj Conllnues lo be a very real need for all of the work whlch we undertake. lo¢ally and natlonally.11 Is unfortunately still the case Ihal Ihe needs of the malority of Dldeaf people across Ihe world and of many Dldeal people In lh8 UK 8re Ignored or mlsunderslood with dlsaslrous consequences for Ihose Dldeaf people. The Deaf person In the UK who needs a sp6clallst Deal resldentlal placem8nl because of Ihelr Au11511c Sp8clrum Dlsorder. mental health, or olher dlsabllltles placed Inapproprlately In a hearlng settlng wlth no Deaf peer gTQUP and wllh staff who have al besl a smalterlng of slgn language. Glven the necessary Ilnanclal resources we could do so muth more both by promotlng and campalgnlng lor real underslandlng of the relevant Issues and by provldln9 real Ilfe-changlng servlces to so many more people UK wlde. In the UK, one of our alms Is that: 'Every Deaf person In need of Resldentlal Care or Support wlll have Ihe real cho5ce of recelving Ihls In a Deaf environment., Phllo8ophy: At the centre of everylhlng we do Is a posillve view of slgn language, Deaf Cullure and the De8f communSty. We believe passionately Ihal every Dldeaf child or adult, wherever Ihey live in Ihe world, should have a rlghl of access lo slgn language (as well as access to the wrillen and spoken languages of Ihelr country and to the hearlng communlty) - and we know that an untold amount of damage has been. and conllnues to be, caused lo the lives of Dldeaf people around the wodd by Governmenls and external professlonals lack of underslandlng and knowledge In th15 area. Allhough BSL has now been recognlsed as Its own language by Ihe UK Government. Thls damage ranges from social isolalion. lack of equal access and needing-to-be-impToved service provlslon (whlch does not lake Into account cultural and linguislic needs) in the UK - Tesulting In Dldeaf ¢hlldren being denied that most important definlng characteristic of being human. possession and fluent use of a language (In thls case a slgned language).
DEAFWAY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Al Deafway we belleve that Ihese situations should be relnforced vAth promollon of languag8. campalgnlng, guldance and the posIVe sharlng of knowledge. We also believe slrongly that Deaf culture and th8 slgn languages ol the world have so much th8t18 POs511ve to conlrlbule to soGlely In general - and that they should Iherefore be celebrated and sharod In all of the ways Ihal the hearlng cullures and the spoken languages of the world are. 'We have followed Ihè conventlon of uslng an upper¢ase 'D' In the word In the Deaf to Indlcatè 'Culturally Deaf and a lower Case'd. to slmply Indl¢al• hearlng loss. Publ1¢ b8n8111 Publlc beneflt W8 have referred to the guldance In the Charlty Commlsslon's general guldance on publlc benefit when revlewlng our oblectlves and acllvllSes and In plannlng our future acllvltles. In partlcular the Iruslees conslder how planned aclivities, through the use of our funds. will Gonlribute to the alms and obleGllves we have sel, and we are 8allsfied that lh8 crSlerla for publlc b8n8fil are comprehenslvely achleved. ()
DEAFWAY TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aclivilies Achlovement and performance Achlevements durlng the year The activlties that we have carried out durfng the year to meet our objecllves and lo cany out our alms for publlc beneflt. Durlng ihe y6ar we have :. Care and Support Servlce¥ Conlinued lo provlde long term sp6clallst r8sldentlal care. shorter term resplte care and other vllal support servlces lo Deaf (Incorporating all aspects) people wlth a range of complex needs whlch mean Ihat Ihey cannot currenlly Ilve Independently In the communily. Provlded resldenllal care for a number of Deaf people who requlre 8 slgnlflcanlly hlgher18vel of staffln9 duè to Ihèlr more comp16x and 'challenglng' needs. Continued to maintain the aGcommodation we provld8 for our resldents lo the hlgh standards Ihey deserve and to Improve and refurblsh Ihls on an ongolng bas18. Conllnued lo assert our very clear bellel that to place a Deaf person who uses BSL and who needs resldenllal care. In a 'hearlng' establishmenl Imposes unnecessary and delrlmenlal barrleTS. represenled the volce of the Deaf communlty kntithln hospllal user experlence meellngs, hlghllghtlng poor access lo publlc s8rvlces Implemgnted a wlde range of speclallst Iralnlng to Improve Ihe level of knowledge and skllls of our workforce. Cultural Servlces and Facllltles - The Deafway Comrnunlty Hub has been refurblshed and the bar reopened. Regular communily evenls are held each month Indudlng Goffee allernoon. hlstory 8nd sevAng groups and Informallon workshops. Conllnued to provlde premlses for Deaf people to meet In Lancaster. Inlroduced a volunleering programme here at Deafway whlch has atlracted volunte8r8 from the Deaf and h8arlng communlty. () Slgn Language and Deaf Awareness Tralnlng Malntalned our pollcy that all Deahvay staff unless they are already fluent In BSL, wlll undertake an In- house BSL course at Deafway., laklng a natlonally recognised BSL Level 1 cours8 and 8SL Level 2 course In work tlme. Provlded Deaf Awarenèss Tralnlng lor all new staff and r8fr8sher tralnlng for exlsllng staff Conlinued to provide BSL and Deaf Awareness training lo external individuals and organlsations In Lancashire and nallonally. promoted DeaaY seNlces and Iralnlng through atlendance al a number of local m8etlngslgroups such as Wellfest and Preston Communlty Network. Project8 and A¢tlvltles Our Communlly Garden Project began In 2022. We have recelved approx. £27k In donallons for thls project whlch Involves communlty volunteers. staff and resldents. Sensory Rooms - we purchased 8ddillonal equlpment and extended the sensory PTovislon so that 2 resldents can use it at Ihe same Ilme. History Project - We have started to collate historical documenls in relation to Royal Cross School and Deaf Hlslory whlch we intend to dlsplay here al DeaaY and design a tapeslry to reflect key landmarks lo be displayed In the communily hub. This Project will also Involve the sewing group.
DEAFWAY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Interpreter Drop In - We have conllnued to fund Ire8 access to onllne interpreters for the Lancashlre Deaf Communliy slnce previous grant fundlng explred. We conslder addresslng Ihe lack of access available to Deaf BSL users as a key priority for the charily. 4 hours each week are funded lo support making appolnlments and contacting agencles who are not required lo provlde Inlerpreling under th8 Accesslble Information Standards. Genoral We have started lo work collaboratively wilh a number of other local and nalSonal Deaf charllles. We work closeSy with Deafness Empowerment NeOrk (based In the North East). in Telalion to developing Ir8Snlng courses for Deaf people who wlsh to leach British Sign Languag8. They also attend our soclal evenls to offer members of the Deaf Communlty advocacy support. We have fully embraced soclal medla to Inform the communlty of our work, events and dlssemlnate Informallon. Thls has slgnificantly ralsed our profile locally and nallonally. Our Facebook followers has Increased by 950h, we also use Llnked In and we ¢onllnue lo develop and Improve Ihe Deahvay webslle. We further developed our Snfraslruclure lo meet the demands of a modern charlty. We appolnled Fundralslng, Volunteer and Events Manager and a Communicallon, InGluslon and Engagement Manager. These roles are essenllal lo provide capaclty for communlty growth and representatlon across the organlsatlon. We Implemented the 'real Ilvlng wage, and Improved benefi18 for staff. Thls contrfbuled to Increased applications from more experienced people. allowing us lo fill all vacancies and slgnificantly Improve our retenllon rates. Thls has ended our dependency on agency staff whlch has resulted in more Gonslstent and beller quallly care belng provlded to our resldenls. Staff morale has also improved and the Increased cost In salarles has been balanced through a reductlon In recwltmenl. agency fees and Iralnlng Costs. A¢hlevements and pèrfomiance Significant aclivilies and achievemenls agalnst obJ8Ctlves
DEAFWAY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew Performance The slalemenl of flnanclal acllvllles for the year Is sel out on pag8 15. The charlly has net outgolng resources thls year of £82,942 12023: net outgoing resources of £22,684). The realised mov8ment belwoen the funds Is surnmarised below.. General funds Desl naled funds Reslricled funds Total funds Total Sncome Total ex endilure Galnsl{losses) Investments Galnl(losse8) revaluatlons Transfers 2.574,867 2,607.841 10,372 213,306 34.135 47,472 2,619,374 2,868,619 on 13.418 32,885 46.303 120,000 352.392 120,000 340.817 11.575 Net ex Incomel endlture 321,261 435,326 31.123 82,942 Flxed asset8 The Ilxed assels are 811 used for dlrect charllable purposes. The movemenls In Ilxed assels durlng th8 year are shown In note 14 to the a¢counl8. A Professlonal valuatlon of th8 property at Brockholes Brow. Preslon. was undertaken durlng the year by Garslde W8ddlngh8m. Chartered Surveyors. The valuallon lor relnslalement purposes and Insured value Is £3.500.000. The properly Is shown In the accounts al ils open mafket valuatlon of £650,000 valued by Garslde Waddingham, Chartered Surveyors, In May 2023. A valuation of the property In Lancaster was also undertaken al the same Ilme, Ihls Is Shown In the accounts at Ils open market valu8 01 £195,000. Inve•tment perfomianco At 31 March 2024 Investments held had a marf(et value of £595,013. Details are shown In note 1510 the accounts. £113.272 of the Snveslmenls represents the Rlchard Bannlster Trust. whlch Is a fund Invested to support acllvllles for young deaf persons In relalion lo sports. (J Investment pollcy and objgctlves Under the Trustees Act 2000. Ihe Irustees have the same full and unrestricted powers of Invesllng and transposlng Inveslrnents as If they were beneficlally enllll8d Iherelo. Current Investments held are Invested Ihrough Charitles Officlal Investment Fund and an Inveslmenl portfollo for Ihe Rlchard Bannlsler Trust.
DEAFWAY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Golng concem Reserves pollcy The Iruslees revlew the charit5 requlrements for reserves annually, In Ihe Ilghl of the major rlsks faclng th9 Gharlty. Th6 trustees conslder that In order to ensure Ihe continuous provision of the charItS servlces, th8y are requlred lo maintaln a conllngency reserve equlvalent to Ihree months running costs. At the year end thls reserve. which is shown as general funds on the accounts. slood at £610,444 vthiGh represents 2.8 months unrestriGted dlrect charllable expendltUTe. Employment poll¢y The Charlly's pollcy Is to promote equallly of opportunlty to 811 In gmployment and the selecllon proGèss Irrespecllve of theSr gender, race, ethnlc orlgSn. dlsablllly, age, natlonallly, sexuallly. marltal status and soclal class. We oppose all forms of unlawful and vnlalr dlscrlmlnallon. All employees and volunteers wlll be Irealed falrfy end equally. Selectlon for employrnenl, promollon, Iralnlng and any other benefits will be on the basls of aplilude and ability. All employees will be helped and encouraged to further develop thelr full polentlal Ihrough comprehenslve tralnlng. support. formal supervlslon and appralsal. The lalenls and th8 r8source8 of the workforce wlll b8 fully utlllsed lo maxlmlse Ihe efflclency of Ihe Organlsallon. Plans for future perlod8 Fundra181ng Less than 50A of DeafvvaV8 Incom8 Is currently genèrated by lundralslng. Thls Is mostly relatlng to amounts recelved from other organlsalions by way of grants. There have been no complalnls reGelved regardlng our fundralslng actlvltles. 08afviay does nol engag8 the servlces of fundralslng consultants. Deahvay Is a Certlflcaled Member of the Inslllute of Fundralslng and Is reglstered vllh the Fundralslng Rggulalor - as such we are bound by, and adh8re to, Ih8lr relevant Code of Practlce. Mèasurlng perfonnance DeaaY measure key performance Indlcalors (KPIS) to help assess the Impact the Charilable Company makes and its effecliveness. The lollowing KPIS are caplured as part of our day-to-day rggularlty requlremenls and recordlng processes: (J Further KPIS are belng recorded In the current financlal year. Key Performance Indlcalor Average number of resldents supportèd In the year 2024 2023 26 27 Average number of employed people (head-count) 59 59 Number of bank staff 18 Not measured Outcome of CQC regulatory Inspectlons Not re4nspecled (See b81ow) Not re-Snspected Number of complalnls recelved Further KPIS are belng developed In Ihe 2024125 financial year
DEAFWAY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Futuro plans Al the lime of wriling this. in addition to the above. we havelare also'.- The priority is to focus on the Business Plan, Mlsslon Statement and Model of Care vAth the Incorporatlon of the 'AII about me, NHS Deaf Recovery Model. The CQC flndlngs are belng embedded Into the organSsalional changes needed and the need to respond to these flndings and make Improvements accordlngly. A Buslness Conllnulty Plan (BCP) has been developed and dlssemlnaled. All managers know whal to do if faced with an unexpecled situation which Impacts on day to day operalions. We have received Disablllty Confidenl slalus and11 Is Incorporated 8ffectlvely wllhln thls servlce. - The Board of Truslees has Increased lo 8 and 75% slgn. We conllnue lo Id8nllfy approprlate peopl8 wlth an understandlng of the challenges faced by Dldeaf and 08afbllnd people. We are very focused on attractlng more resldenls and Increasing revenue. We also conllnu8 to Ilals8 wllh commlssloneTS lo Increase fees lo meet Ihe cost ol care. Bulldlng refurblshmenls conllnue In terms of an overall upgrade to the slle both Internally and extemally Heallh and Safety Reports were commlssioned and all acllons Implemented. Work Is ongolng to re-eslablSsh the Ilnks we have hlstorlcally had wilh the Lancashlre Deaf communlly. We are hopeful that Preston Deaf Club vall return to Deafviay later thls year. To conllnue collaboratlon and shared worklng wllh other nallonal Deaf charllles In order to conllnue the necessary promollon of Deaf rSghls. We are members of Ihe BSL Alllance. Conllnue to make all areas of the buslness dlgilal, In effect, becomlng a paperless servlce. Further develop and eslabllsh volunlèér opporiunlllés to support Deafvvay sen41ces and provlde development and soGlal opportunities for members of the Deaf community. To conllnue applylng for exlern81 fundlng to support Internal and external projects wh5ch wlll benefit resldenls and members of tho Deaf communlly. To engage the wlder deaf and hard of hearlng ¢ommunlty through Ihe provlslon of hard ol h6arln9 and tlnnltus gTOUPS, deaf Aslan groups and Ilp reading classes. structurep governance and managemenl The charllyls Gontrolled by Its governlng documenl. a deed of trust. and constllutes a Ilmlled company, Ilmlted by guaranlee, as defined by the Companies Act 2006. The ITuslees, who are also Ihe directors for the purpose of company law. and who served durlng the year and up to the dale of signaluro ol the financlal slatements were: Rev P Fletcher Fr (Reslgned 1 January 2024) Mr B S Donelly Mr J J Ward OBE Mrs C A Cumlng Mrs C Moxon Mrs P Wynne Mrs V L Hall Mr P R Scott Ms L Davld50n Dr L B8Tnes (Reslgned 16 May 2024) (Reslgned 30 September 2024) (Appolnted 11 December 2023) (Appolnted 11 Oe¢ember 2023) Recrullmenf and appoinlment of trusteès Trustees nomlnate and have power of appointment of future Trustees, who serve for a perlod of Ihre8 years lollowlng appolntment and may be re-appolnted at the end of the term of office. None of Ihe tn15tee5 has any benefidal interest in the company. All of the trustees are members of the company and guarantee to conlflbute £1 In the event of a wlndlng up.
DEAFWAY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organls8llonal slructure The Trustees who have served durlng the year are set out above and they have been 8ppolnted In accordance wlth our Memorandum and Artldes of Assodatlon. Trustees nomlnate and have power of appolnlment of future Trustees. who serve lor a perlod of three years followlng appolnlment and may be re-appolnted at tho end of the term of offlce. We belleve that our Board of Trustees should be made up of a varfety of people who brlng a range of different vislons, knowledge, experience and skills lo the role. We are proud of the facl that a significant number of our Trustees are eilher Ihemselves Deaf or have slrong personal connecllons to Ihe Dldeaf communlly. We belleve and slate that 811 of our Trustees must understand and share Dea[waS valu65, have the sk1115 to wntrlbule to DeaaY In the role of Trustee and must also take an Interest In our full range ofwork. Management accounts and monlhly reports Irom each departmenuservlce leader, and from Ihe Chlef Executive, are submltt8d to and discussed al our monthly Trustee meetlngs. The day to day runnlng of DeaaY Is enlrusled lo the Chlef Ex8CUtIv8 and IheSr leadershlp team. Thls team meels formally each month and Inlormally each week. Thè smaller straleglc leadershlp team meets as and when necessary to dlscuss speclflc str8leglc Issue8. The Chlef Executlve Ilne manages the Resldentlal Servlces Manager. Ihe Fundralslng & Development team, the Flnance Manager, th8 HR Manager and the Malntenance Manager holdlng regular one-lo-on8 supeNlslon sesslons with them. There are slmllar suparvlslon arrangements In plaGe wilhln each $8rvlce lor all other managers and slaff. In addlllon, lh8 Chalr of Trustees holds off-slte revl8w sèsslons wlth the CEO on 2 or 3 occ831ons per year. Other mallers Rlsk managfrmenl The trustees hav8 a duly to Identlfy and revlew the rlsks to whlch the charlty Is exposed and to ensure approprlale controls are Sn place lo provlde reasonable assurance agalnst fraud and error. The trustees retaln Penlnsula Buslness Servlces LSmited to provSde 24 hour advlce In respect of all employment law and health and Safety malters. In addlllon, thls contract provldes Indemnliy In respect of Employment Law clalms. Flnanclal sustalnablllty Is a major financlal rlsk for the charlty. A key element In the management of financlal rlsk is a regular review of avallable Ilquld funds to sellle debls as they fall due, regular Ilalson wilh Ihe bank, and actlve management of trade debtors and creditors balances to ensure sufficienl working capital by the charlly. Altenllon has also been locussed on non-financlal rlsks arlslng from flr8, health and safety of resldents, management of staff and food hyglene. These rlsks are managed by ensuring accredilalion Is up lo date. havlng robust pollcles and procedures In place. and regular awareness and complianGe tralning for staff worklng In Ihese operatlonal areas. Care Quallty Commlsslon Deafway was re-lnspecled by the Care Quallty Commlsslon In Aprll 2024. Subsequently we have recelved an Improved ratlng of "Good" We wlll contlnuo to revlew and enhance our servlco In order to malntaln, or Improve. thls ratlng further. Audltor In accordance wlth th8 companvs artlcles. a resolullon proposlng that Champlon Accountants LLP be reappolnted as audilor of the company wlll be put at a General Meeting.
DEAFWAY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Th8 trustees, report was approvgd by the Board of Twslees. Mr B S Donelly Tru81ge }- 12-14 () 10-
DEAFWAY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who 8Te also the dSrectors of Deafway for the purw)se of company law. are responsible for preparing the Trustees. Report and the financial statements In accordance wilh applicable law and United Klngdom Accounting Standards (Uniled Kingdom G8nerally Accepted Accounting Practice). Company Law requlres Ihe Irustees lo prepare financlal statements for eath financlal year whlch glve a true and falr vlew of the stale of affalrs of the charlty and of the incoming resources and applicatlon of resources, Includlng the Income and expenditure. of Ihe charilable company for Ihat year. In preparlng these ftnanclal statements. th8 Irust685 are requlred lo: select sult8ble a¢counllng polScles and then apply Ihem conslstenlly: () observe the methods and prlnclples In the Charltles SORP: mak8 judgements 8nd estlmat8S that are reasonable and prudent: slate whether applicable UK Accounting Standards have been followed. subject to any materlal depariures dlsclo8ed and explalned In the fln8nclaS stalemenis. and prgpare the flnanclal statements on the golng concem basls unless11 Is Inapproprlate to presume Ihal the charlly wlll contlnue In operallon. The trustees are iesponslble lor keeplng adequate accountlng re¢ords Ihat dlsclose wllh reasonable accuracy at any Ilme Ihe financlal position of Ihe charily and enable Ihem to ensure Ihal the financial slatements comply with the Comp8nles Act 2006. They are a150 responsSble for safeguardlng the assets of the charlty and henc8 for laklng reasonable sl8ps for the prevenllon and delecllon of fraud and olher Irregularllles. 11
DEAFWAY INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF DEAFWAY Oplnlon We hav8 audlted the financlal statements of Deafway {Ihe 'chaTily') for Ihe year ended 31 March 2024 whlch comprlse the stalement of financial acllvilles. the balance she81, the Stalement of cash flows and noles lo the financlal statements, Indudlng slgnlficant accounling policies. The financial reporting framework Ihat has been applied in their preparation is applicable law and United Klngdom Accounting Standards. Includlng Financial Reportlng SlandaTd 102 The Flnanclal Reporting Standard applicable in the UK and Republic ol Ireland (Unlted Klngdom Generally Accepted Accounting Praclice). In our oplnlon, the flnanclal 51atemenls- glve a true and falr vlew of the state of the charltable companvs affalrs as al 31 Marth 2024 and of Ils Incomlng resources and applicallon of resources, for Ihe year then ended., have been properly prepared In accordance wlth Unlled Klngdom Generally Accepted Accountlng PTactlce; and hav8 been prepar6d In accordance wilh the r8qulrem8nts of the Companles Act 2006. Ba818 for oplnlon We conducled our audlt In accordance with International Standards on Audiling (UK) IISAS (UK)) and applicable law. Our responslbllllles under Ihose standards are furlher descdbed In Ihe Audllorfs responslbililles for the audll of Ihe Iln8nclal statements sectlon of our report. We are Independent of Ihe ¢harSty In accordance wllh Ihe elhlcal requlremenls that are relevant to our audll of the flnanclal statements In the UK. Includlng the FRC'S Elhlcal Slandard, and we have fulfilled our other elhical responslbililles In accordance wlth these requlrements. We belleve Ihat the audlt 6vldenc8 we have oblalned Is suffldenl and appropTlate lo provlde a basls for our oplnlon. other Inlormatlon The other Informallon comprlses the Informallon Included In Ihe annual report other Ihan Ihe financlal slatements and our audltor's report Ihereon, The trustees are responslble for Ihe olher informallon contalned wllhln the annual report, OUT opinlon on the financial statements does not cover Ihe other Information and we do not expre55 any form of assurance concluslon Ihereon. Our responsibility Is lo read Ihe other informatlon and, In dolng so, conslder wholher the olher information Is materially Inconslslenl vAlh the financlal slatemenls or our knowledge oblalned In the course of the audll, or olheTwise appears lo be materially misstated. If we identify such materlal Inconslslencles or apparent m8lerlal mlsslalemenls. we are requlr8d to delermlne whether Ihls glves rlse to a mater181 mlsstatemenl In the financlal statements themselves, If, based on Ihe work we have performed, we conclude that there Is materlal mlsslatemenl of Ihls olher Informallon, we are requlred to report Ihal fact. L) We have nothlng to report In Ihls regard. Matters on whlch we are requlred lo report by exceptlon We have nolhlng to report in respect of the following matters In relatlon to whlch the Charllles (Ac¢ounts and Reports) Regulations 2008 require us lo report lo you if. In our opinlon: the Informatlon glven In Ihe flnanclal slalemenls Is Incon51slent In any matedal respect wllh the trustees, report., or sufflclenl accountlng records have not been kept., or Ihe financial slatemenls are nol In agreement wilh the accounllng records: or we have not rece5ved all Ihe Informatlon and explanallons we requlre for our audit. 12-
DEAFWAY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DEAFWAY Responslbllltles of truslees As explalned more fully Sn the statement of trustees, responsibllities. the truslees, vtho are also the directors of the charity for Ihe purpose of company law. are responslble for the preparatlon of Ihe flnanclal slatem8nls and for belng sallsfled that they glve a true and falr vlew, and for such intemal control as Ihe truslees determine Is necessary lo enable the preparation of financlal statements that are free from materfal mlsslatement, whether due to fraud or error. In preparlng the flnanclal slalements, Ihe Irustees ale responslble for assesslng Ihe charily's abillly lo contlnue as a golng concern, dlsclosing. as applicable, mallers related lo going concern and using the golng concern basis of accounling unless the trustees elther Intend to Ilquldate Ihe charllable company or to cease operations. or have no realisllc alternative but to do so. Audltor's respon81bllltlos for the audlt of tho flnanclal statements We havo been appolnled as audltor under sectlon 144 of the Charltles Acl 2011 and report In accordance wllh the Act and relevant regulations made or having effect thereunder. (I Our oblectlves are to obtaSn reasonable assurance aboul whether th8 Ilnanclal statements as a whole arè freg from materlal mlsslatemenl, whether due to fraud or error, and to Issue an audilofs report Ihal Includes our oplnlon. Reason8ble assurance Is 8 high level of assurance bul Is nol a guarantee Ihal an audlt conducted Sn accordance wlth ISAS {UK) wlll always de18Ct a malerlal mlsstalement wh9n St exlsls. Mlsstalemenls can arlse from fraud or error and are consldered material Sf, Indlvidually or In Ihe aggregale. Ihey could reasonably be expected lo Influ8nce the economic decisions of users taken on the basls of these financial slalemenls. The exlent to whlch our procedures are capable of detectlng Irregularltles. Indudlng fraud,18 delalled below. W8 obl8ln8d an understandlng of thè legal and regulatory frameworks appllcable to the Charlly and the 5eclor In whlch Ihey operate. We delermlned that the followlng laws and regulallons were most slgnlficanl: the ChaTS1ies Acl 2011, Ihe He8llh and Soclal Care Act 2008, Employment regulallon and Heallh 8nd Safely leglslatlon. We obtained an understanding of how the Charity is complySng wllh those legal and regulatory frameworks by makln9 Inqulrles to the management. We assessed the suscepiiblllty ol the Charily's financlal statements lo malerlal mlsstalemenl. Includlng how fraud mlght 0Ur. Audll procedures performed by lh8 audll engagefflent t88m Included.. Identlfylng and assesslng the deslgn effeclsven8ss of controls management has In place to prevent and detecl fraud., Underslandlng how Ihose Charged wllh governance ¢onsldered and addressed the polenllal for override of controls or olher Inapproprfate Influence over the finandal reportlng process., Challengln9 assumptlons and judgements made by mana9ement In Its slgnlflcant accountlng esllmates., Idenllfylng and tesllng lournal enlrtes: In partlcular any Journal enlrles posted wllh unusual account omblnallons: Revlewlng materlal varlallon from our expeclallon In the Income. expenses and balances,, and - Assgsslng the extenl of compliance wilh the relevant lav and regulatlons. A further descriplion of our responsibililies is available on the Financial Reporting Council's website at- htlps.'Il www.fTC.org.uklaudllorsresponslbllltles. Thls descrlptlon forms part of our auditorfs report. 13-
DEAFWAY INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF DEAFWAY Usè of our report Thls report is made solely to the charity's truslees, as a body. In accordance with part 4 of the Charities (Accounls and Reports) Regulallons 2008. Our audit work has been undertaken so that We might slate to the charltvs Irustees those matters we are requlred to stale to them In an audltorfs report and for no other purpose. To the fullest extent permitted by law. we do nol accept or assume responsibility lo anyone other than the charity and the charity'8 Iruslees as a body, for our audll work. for thls report. or for the oplnlons we have fomied. Peter Buck FCA, DChA (Senlor Statutory Audltor) for and on behalf of Champlon Accountants LLP 202 Chartered Accountants Statutory Audltor 7-9 Slatlon Road Hesketh Bank Preston LonShIr8 PR4 6SN Champlon Accountants LLP Is ellglble for appolnlmenl as audltor of the charlty by vlrtue of Ils ellglblllly for appolnlment as auditor of a company under secllon 1212 of Ihe Companl8s Act 2006. 14-
DEAFWAY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current flnanclal year Unreslrlcted Unrestrlcted funds funds general deslgnated 2024 2024 Reslrlcled fund8 Total Total 2024 2024 2023 Notes Income from; Donallons and legacles Charltable actlvltles Investments 22,190 2,552,677 34,13S 56,325 2,552,677 10,372 11.931 2.326,918 6,363 10,372 Total Income 2.574,867 10,372 34.135 2,619,374 2,345,212 ExpendSture on: Ralslng funds Ch8rll8ble aclSvllles 25.061 2.582,780 25,061 2,843,558 25,308 2,347.689 213,306 47.472 Total expendllur• 2,607,841 213,306 47,472 2,868,619 2,372,997 Nel galnsl{losses) on Inve8lment8 12 13,418 32.885 46,303 5,101 Net Incomel(expendlture) (19,556) (202.934) 19,548 (202,942) (22,684) Transfers between funds 340,817 (352.392) 11,575 other recognlsed galns and losses: Revaluallon of tangible fixed ass8ls 120.000 120,000 Net movement In funds 321,261 (435.326) 31,123 (82,942> {22,684) Reconclllatlon of funds: Fund balances al 1 Aprll 2023 289.179 1.564.977 330,41)0 2,184,556 2.207.240 Fund balances at 31 March 2024 610,440 1,129,651 361.523 2,101,614 2,184,556 Thé slal8ment of flnanclal acllvilles Indudes all galns and losses recognlsed In Ihe year. All Income and expendlture derive from conllnuing aGlivilles. 15-
DEAFWAY STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prlor flnanclal year Unrestrlcted Unrèstrlcted funds funds genoial deslgnated 2023 2023 Re51rlcted funds Total 2023 2023 Notes Income from: Donatlons and legacies Charilable activlties Inveslmonls 8.134 2,326.918 3,797 11,931 2,326.918 6,363 6.363 Total Income 2.335.052 6.363 3.797 2.345,212 ExpèndSturè on: Ralslng funds Charllabl8 actlvltl88 25,308 2,252.070 25,308 2,347,689 81,741 13,878 Total exp8ndltur• 2.277.378 81,741 13,878 2,372,997 Net gainsl(losses) on inveslmenls 12 (931) 6,032 5,101 Net Incomel(expendlture) 56,743 (75,378) (4,049) (22,684) Tr8nsfers belween funds {56,000) 56,000 Net movement In funds 743 (19,378) (4,049) (22,684) Reconclllatlon of funds: Fund balances at 1 Aprll 2022 288,436 1.584.355 334.449 2.207,240 Fund balances al 31 March 2023 289,179 1,564.977 330.400 2.184,556 16-
DEAFWAY BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxad assets Tanglble assets Investments 14 15 975,139 595.013 853.931 547,703 1,570,152 1,401,634 Current assets Stocks Debtors Cash at bank and In hand 16 17 2,666 124.427 651,738 2,290 109,643 1,136.499 778,831 1.248.432 Credltors: amounts falllng duo wlthln one year 18 (247,369) (465.510) Net current assets 531.462 782,922 Total a88et8 less curront Ilabllltle8 2,101.614 2,184.556 Net assots excludlng ptrn8lon Ilablllty 2.101.614 2,184,556 The fund8 of the ¢harlty Reslricled Income funds Unreslrlcted funds - gen8ral Unreslrlct&d funds- deslgnaled 19 361,523 610.440 1.129,651 330,400 289,179 1,564,977 20 2,101,614 2,184.556 The company Is enlltled to the exemptlon from Ihe audll requlrement contalned In sectlon 477 of the Companles A 2006, for the year ended 31 March 2024, although an audil has been c8Tried out under section 144 of the Charities Act 2011. The dlrectors acknowledge Ihelr responsibllitles lor complying wllh Ihe requirements of the Companlès Act 2006 wllh respect to accounting records and the preparallon of financial statements. The members have not requlred Ihe company to obtaln an audlt of115 financlal statements under Ihe requlrements of the Companles Act 2006. for Ihe year in question In accordance with section 476. These financlal sl8lement5 have been prepared In accordance with the provlslons 8pplScable to comp8nles subject to the small companles regime. The fln8nclal statements were approved by Ihe Iruslees on ... Mr 8 S Donelly Trustee Mr J J Ward OBE Trustoe Comp8ny registratlon number 04243198 (England and Wales) 17-
DEAFWAY STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from op8ratlng actlvltles Cash absorbed by operations 24 (476.661) (62,456) Investlng actlvltles Purchase of tangible flxed assels Investment income recelved (18,472) 10,372 (1,204) 6.363 Net cash (used In)Igenerated from Inv8stlng actlvltlas (8.100) 5,159 Nat cash used In flnan¢lng actlvltles Net dacraa88 In cash and cash equlvalent• {484.761) (57,297) Cash and cash equlvalents al beglnnlng of y88r 1.136.499 1.193,796 Cash and cash equlvalent8 at end of year 651,738 1,136,499 18-
DEAFWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclès Charlty Informatlon DeaaY Is a private company IlmSted by guarante8 Incorporated In England and Wales. The reglstered offlce Is Brockhole5 Brow, Preslon, Lancashire. PR15BB. 1,1 Accountlng conventlon The financial statements hav8 been prepared In accordance wlth Ihe charfvs g¢)vernlng documenl, the Companles Act 2006. FRS 102 "The Flnanclal Reporilng Standard appllcable in the UK and Republlc of Ireland" {"FRS 102-) and the Charllles SORP "Accounting and Reportlng by Charllles.. Statement of Recommended Practlce 8ppllcable to charSlles preparlng Ihelr accounts In accordance wlth the Flnanclal ReportSng Standard appllcable in Ihe UK and Republic of Ireland (FRS 102)" loffecllve 1 January 2019). The charlty Is a Publlc Benefit Enllty as defined by FRS 102. The flnanclal slatements are prepared In st8rtlng. whlch Is the functlonal currency of the charlty. Mon61ary amounls In these financlal statements are rounded to Ihe nearest £. The flnanclal statemenls have been prepared under the hlstorlcal cost convenllon. modlffed to Include the revaluatlon of freehold propertles and to include Investment propertles and certaSn flnanclal Inslruments at f8lr value. The prfnclpal 8rKountlng polldes adopted are s8t out below. 1.2 Golng concern Al the time of approvlng the finandal statements, Ihe trustees have a reasonable expeclallon Ihat the charlly has adequate resources to continue in operational exlslence for Ihe loreseeable future. Thus the Irust86S conllnue to adopl the golng concern bas18 01 accounllng In prepaTSng lh8 financlal Statements. 1.3 Charltable fund8 Unreslrlcled funds are avallable for use at the dlscieilon of the Iruslees In furtherance of Ihelr charllable oblecllves. Deslgnated funds are unreslrlcted balances earmarked by Ihe Trusle8s for c8rtaln projects as part of Ihe overall fund managemenl approach. R8slrlcted funds are subject to specific conditlons by donors or grantors as lo how they may b& used. The purposes and uses of the reslrlcted funds are s8t out In Ihe notes to Ihe financlal statements. Endowment lunds are subject to speclflc condltlons by donors Ihat Ihe capllal must be malntalned by th8 charlly. 1.4 Income Income Is recognlsed when the charfty 1$ legally enlltled to It after any performance condltlons hav8 been met, the amounts Can be measured rellably, and il Is probable that Income will be received. Cash donallons are recognised on recelpt. Other donallons are recognlsed once the charlty has been nolifted of the donation, unless performance condilions require deferral of the amount. Income tax recoverable In relalion lo donations received under Glfl Ald or deeds of covenant Is recognlsed at the tlme of the donatlon. Legacles are recognlsed on recelpt or otherwls8 If Iho charlty has been nollfled of an Impendlng dlslrlbullon, the amount Is known. and receipt is expected. If Ihe amount Is not known, Ihe legacy Is treated as a contingent asset. 19-
DEAFWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Conllnued) 1.5 Expendlture Expendllure Is recognlsed once there Is a legal or constructlv8 obllgatlon to transfer economlc beneflt lo a third pariy. It Is probable Ihal a transfer of economic benefils will be requlred In settlement. and the amount of Ihe obligalion can be measured rellably. Expendllure Is clas55fi8d by adlvlty. The costs of each actlvily are made up of the totsl ol dlrécl costs and shared costs, Includlng support costs Involved Sn undertaklng each aclivily. Dlrect costs attributable to a slngla acllvlty are allocated dlreclly to Ihat activity. Shared costs whlch contrlbute to moro than one acllvlly and support costs whSch are not allrlbulable lo a slngle acllvlly ar8 apportioned between those acllvltles on a basls conslstent wllh the use of resources. Cenlral slaff costs are allocated on the basls of tlm8 spent, and depreclatlon charges are allocated on the portlon of Ihe asset's use. 1.6 Tanglblo flxed a880ts Tanglble fixed assels are Snltlally measured at cost and subsequently measured at cosl or valuatlon, net of depreclallon and any Impalrment losse5. Depreclatlon Is recognlsed so as to wrlte off the cost or valuallon of assels less thelr resldual values over thelr useful Ilves on the followlng bases: Fre8hold18nd 8nd bulldlngs Leasehold land and buildlng8 Leasehold Improvements Equlpment and IT Motor vehlcle8 8rockhalls Brow- not provlded Lancaster- not provided 6.66% on cosl 20% on cost 20% on cost The galn or loss arlslng on the dlsposal of an asset Is determlned as the dlfference belween the sale proceeds and the carrySng value of lh8 asset, and Is recognlsed In the statement ol financl81 actlvilles. 1.7 Flxed asset Investments Flxed asset Inveslm8nls are Inllially measured at Iransacllon prlce excludlng tTansactlon costs, and are subsequently measured at falr value al each reportlng date. Changes In falr value are recognlsed In net Incomel{expendllure) for the year. Transaction costs are expensed as Incurred. 1.8 Impalrment of flxed assels At each reportlng end dale. Ihe charlty revlews Ihe carrylng amounts of Its langlble ass8ts to determlne whether there Is any Indlcallon Ihal Ihose assets have suffered an Impalmient loss. If any such Indlcallon exists, the recoverable amount of Ihe asset Is estlmated In order to d8termlne the extent of the ImpalTmenl loss (if any). 1.9 Stocks Slocks are staled at Ihe lower of cost and esllmated 5911Sng price less costs to complete and sell. Cost cornprises direct materials and. where applicable, direct labour cosls and those overheads that have been Incurred In bringing the stocks to Ihelr present locatlon and condition. Items held for d15tribullon at no or nomlnal conslderatlon are measured the lower of replacemenl cost and cost. Nel reallsable value Is the esllmaled selllng prlce less all esllmated costs of completlon and costs to be incurred in marketing, selling and dislribulion. 1.10 Cash and cash equlvalents Cash and cash equivalenls include cash in h8nd. deposits held at call vlilh banks. other short-term Ilquld Investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings In current liabllities. -20-
DEAFWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (Contlnued) 1.11 Flnanclal Instruments The charity has elected to apply the provlslons of Secllon 11 '88sSc Flnandal Instrumenl8' and Sedlon 12 'Other Flnancial Inslrumenls Issues, of FRS 102 to all of ils finandal Instruments. Financial Inslruments are recognlsed In tho charily's balance sheet vA)en the charity becomes party lo the contractual provislons of Ihe Inslrumenl. Flnanclal assets and Ilabllllles are offset, wllh Ihe net amounts presented In th6 flnanclal statements, when there Is a legally enfoTceab18 rlghl lo set off the recognlsed amounls and Ihere Is an Inlenllon to sett18 on a net basls or to re81ise Ihe assel and sellle Ihe Ilablllty slmullan8ousIy. () Baslc flnanclal assets Baslc flnanclal assets, whlch Include debtors and cash and bank balances. are Inlllally measured at Iransactlon prlce Includlng transacllon costs and are subsequently carrled at amortlsed cosl uslng the effecllve Inlefest melhod unless the arrangement conslitules 8 flnanclng Iransa¢llon, where Ihe Iran5acllon Is measured at Ihe present value of tho future recelpis dlscounted at a markel rale of Inlerest. Flnanclal assets classllled as recelvable within one year are nol amortised. Baslc flnanclal Ilablll¢les Baslc flnanclal Ilabllilles. Includlng credllors and bank loans are Inillally recognSsed at Iransacllon prlce unless the arrangement conslltules a financlng transa¢llon, vthere the debt Instrument Is measured al Ihe present value of the future payments discounled at a market rale of Interest. Financial liabilities classified as payable wllhln one year are not amortlsèd. Debt Inslrumenls are subsequently carrled at amortlsed cost. uslng Ihe effectlve Interest rale method. Trade credltors are obllg8llons to pay for goods or servlces that have be8n acqulred In the ordlnary course of operatlons from suppllers. Amounts payable are classlfi8d as current Ilabililles If payment Is due wlthln one year or less. 11 not, they are presented as non-current Ilabllllies. Trade credllors ar8 recognlsed Inltlally at Iransactlon prlce and subsequently measured at amortlsed cost uslng Ihe effectSve Interest method. () Derecognlllon of flnanclal Ilabllltles Flnanclal Ilabllltles are derecognlsed when Ihe charSty'8 conlraclual obllgatlons explre or are dls¢harged or cancelled. 1.12 Employee benefltg The cost of any unused hollday 8nllllem8nl Is recognlsed in Ihe period In whlch the 8mploy88's servlces are recelved. Termlnallon benefits are recognlsed Immedlately as an expense when Ihe charlly Is d8monslrably commltted to lermlnate the employment of an employee or to provlde termlnallon benefits. Crltlcal accountlng estlmales and Judgements In Ihe application of the charily s accounting policies, the trustees are requlred to make ludgemenls, eslimates and assumpllons about the carrying amount of assets and liabililies Ihat are not readily apparent from olher sources. The esllmales and associated assumptions are based on hlstorical experience and other factors Ihat are consldered to be relevant. Actual results may dlffer from these estlmates. The estlmates and underlylng assumptions are revlewed on an ongoing basis. Revisions to accounllng esllmates are recognlsed In Ihe period in whlch the estimate Is revlsed where Ihe revision affects only that period, or in Ihe period of Ihe revision and fulure periods where Ihe revision affects both Gurr8nl and future perlods. 21
DEAFWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donatlons and legacles Unrestrlcted Restrlcted funds funds 2024 2024 Total Unrestrlcted Restrlcted funds funds 2023 2023 Total 2024 2023 Donallons and glfts 22,190 34.135 56,325 8,134 3,797 11,931 Income from charltable actlvltles Unrestrlcted funds 2024 Unrestrlctad funds 2023 Servlces to Dldgaf people Fe8s and charges Soc181 club Income Outreach servl¢es 2.547,813 151 4,713 2,299,391 27,527 2,552.677 2,326,918 Income from Inveslment8 Unrestrlctad Unreslrlcted funds funds deslgnated deslgnated 2024 2023 Interest 10.372 6,363 Expendlture on ralslng funds Unrestrlcted Unrestrlcled funds funds 2024 2023 Fundralslng and publlclty Other fundraislng costs Staff cosls 123 24,938 (70) 25,378 25,061 25,308 -22-
DEAFWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expendlture on charltable actlv5tles Provlslon of Provlslon of sarvlces to servlces to Dldeaf Dldoaf peopl? people 2024 2023 Dlrect cost8 Staff cosls Depreclatlon and impairment Property costs C05t of sales Admlnlslrallon costs Prol8cI èxpendllure and development costs 1,436,624 17,264 581,213 11.882 425 254.205 1,343,540 16,343 476,204 6.575 121 92,394 2,301,613 1,935,177 Share of 8UPPOrt and governance costs (see note 8) Support Governance 463,635 78.310 349,626 62.886 2,843,558 2,347,689 Analy818 by fund Unreslrlcted funds- g8n8ral Unrestrlcted funds- deslgnaled Rèslrlcled funds 2.582.780 213,306 47,472 2,252,070 81,741 13,878 2,843,558 2,347,689 Support costs allocated lo acllvltles 2024 2023 Slaff costs Proporty costs C8re costs Admlnlslrallon costs Govemance costs 390.875 14,185 58,575 292,510 32,825 24,128 165 62,886 78,310 541,945 412,512 Analysed belween: Provision of serylces to Dldeaf people 541,945 412.512 -23-
DEAFWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Net movement In funds 2024 2023 Th8 net movement In funds Is slated aft8r chargSngl(crediting): Fees payable for the audlt of the charlvs financlal statements Depreciation of owned tangible fixed assels 9.900 17.264 9,900 16,343 10 Trusteos None of the trustées (or any persons connected wllh them) recelv8d any remuneratlon or benefits from the charlty durlng the year. Trustees, expenses There were no Irust885' 8XP8nses pald for the year ended 31 March 2024 nor for lh8 year ended 31 March 2023. The cosl of Insurance to Indemnlfy the trustees ag81nst the Gonsequences of 8ny neglect or default on Ihelr part amounted to £10,878 (2023 . £10.080). 11 Employees The average monthly number of employees durlng Ihe year wa8: 2024 Number 2023 Number Management and admlnlslrallon Carlng staff Others 13 34 16 13 30 16 Total 63 59 Employment costs 2024 2023 Wages and salarles 1.892.514 1,686,085 The key management peisonnel of the charity comprise th8 Chief Executive. Finance Manager, HR Manager and Resldentlal Care Manager. During the year the HR Manager resigned and was replaced in Ihe role. Due lo an overlap perlod between the new HR manager slartlng and leavlng dales these flgures Include Ihe HR P05111on twlce. The total remunerallon of the key man8gement personnel of Ihe charlty (Includlng Employels Natlonal Insurance and Penslon Conlrlbullons) was £182.083 (2023: £119,439) -24-
DEAFWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 Employees Icontlnued) The number of employees whose annual remuneratlon was more than £60,000 Is as lollows: 2024 Number 2023 Number £60,001- £70,000 Remuneratlon of key management personnel The remuneTatlon of key management personnel was as follows: 12 Galns and losses on Investmènts Unre8trfcted Re8trlcted funds fund$ 2024 2024 Total Unrestrlcted Reslrlctèd fund8 funds 2023 2023 Total 2024 2023 Galn51llossès) arlslng on: Revaluallon of Investments 13,418 32,885 46.303 {931) 6,032 5,101 13 Taxatlon The charlty Is exempt from taxat1 on Sls aclSvllles because 811 Ils Income13 8ppll8d for charltable purposes. 14 Tanglble flxed assets Fr••hold l•nd and bulldlngi L•o••hold L•a8•hold l•nd and Improv•m•nts bulldlny• equlpm•nt and IT Motor v•hlcl• Tol•l () Cost Al 1 April 2023 Addltlons Revaluallon 625,000 100.000 76,764 201.020 18,472 62,156 1,064,940 18,472 120,000 25,000 95.000 At 31 March 2024 650,000 195.000 76.764 219.492 62.156 1,203,412 Depreclatlon and Impalrment Al 1 Aprll 2023 Depreoiation charged In the year 165,516 45,493 211.009 12.265 4,999 17,264 At 31 March 2024 177.781 50.492 228,273 Carrylng amount At 31 March 2024 650,000 195.000 76,764 41,711 11.664 975,139 Al 31 March 2023 625,000 100.000 76.764 35,504 16.663 853,931 -25-
DEAFWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Tanglble flxed assets (Contlnued) Ourlng the year the properties at Brockhalls Brow and at Lancaster were revalued by an Independent firm of Chartered Surveyors. The property at Brockhalls B TOW was valued al £650,000 and thls amount has been used to provlde the revalued cost. The property at Lancaster houses the Lancasler Social Club. The property Is held und9r a long lease dated January 2005 for a term of 999 years. The Lancasler property has been at £195,000 and thls amount has been used lo provlde Ihe revalued cost The propertle8 ere all used for dlrect charltable purposes, or lor purpos8s Inddenlal to th8 prop6r worklng. and effecllve carrylng on of the charlty's oblecls and actlvllles. 15 Flxed asset Invoslments Un118ted Invg8lments Cost or valuatlon Al 1 Aprll 2023 Valuallon changes 547,703 47,310 Al 31 March 2024 595,013 Carrylng amount Al 31 March 2024 595.013 At 31 March 2023 547.703 16 Stock8 2024 2023 Raw materlals and consumable8 2,666 2,290 17 Debtor8 2024 2023 Amounts falllng due wlthln one year: Trade debtors Prepayments and accrued Income 82,735 41.692 69,448 40,195 124,427 109,643 -26-
DEAFWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Credltors: amounts lalllng due wlthln one year 2024 2023 Other laxatlon and soclal securily Trade CTedltors Olher credltors Accruals and deferred Income 29.526 64,430 41,125 112,288 24,372 265,010 68,018 108,110 247,369 465,510 19 Re8lrlcted fund8 The reslrfcted funds of the charlty comprlse Ihe un6xpended balances of donatlon8 and grants held on trust sublecl to specific condlllons by donors as to how they may be used. At 1 Aprll 2023 Incomlng Resourcos resources expended Transfars Galns and At 31 March 1038e 2024 330,400 34,135 (47.472) 11,575 32,885 361,523 Prevlous year; At 1 Aprll 2022 Incomlng resources Resources expended Transfers Galns and At 31 March losses 2023 334.449 3.797 (13.878) 6,032 330,400 20 Unreslrlcled funds - deslgnaled These are unreslrlcted funds whlch are materlal to the charftys actlvllles. At 1 Aprll 2023 Incomlng Resourcos resources expended Transfers Galns and At 31 March losses 2024 1,564,977 10,372 (213,306) (352,392) 120,000 1,129,651 Prevlous year: At 1 Aprll 2022 Incomlng rèsources ResourGes expended Transfers Galns and At 31 March losses 2023 1,584,355 6,363 (81,741) 56.000 1.564,977 -27-
DEAFWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Unrestrlcled lunds The unrestrlcted funds of Ihe charily comprise the unexpended ba18nces ol donations and grants which are not subject lo speclfic condltlons by donors and grantors as to how Ihey may bo usod. These Include deslgnated funds whlch have been set aslde out of unrestrlcled funds by the trustees for sp8clflc purposes. At 1 Aprll 2023 Incomlng resources Resources expended Transfars Galns and At 31 March 105ses 2024 General funds 289,179 2,574.867 {2.607.841) 340,817 13,418 810,440 Pravlous yaar: At 1 Aprll 2022 Incomlng Resource• resources expendod Transfer8 Galns and Al 31 March losso 2023 General funds 288,436 2,335,052 (2,277,378) (56.000) (931) 289.179 22 Analysls ol net assets botween funds Unreslrlctèd Unrestrlctad funds fund8 general de81gnated 2024 2024 Restrlcted fundB Total 2024 2024 At 31 March 2024: Tangible assets Investmenls Current ass8ts1(Ilabllllles) 130,139 249,086 231.215 845,000 284,651 975,139 595,013 531,462 61,276 300,247 (J 610.440 1.129,651 361.523 2,101,614 Unrestrlcted Unrestrlctèd funds funds general dfrslgnaled 2023 2023 Restrlcted funds Tolal 2023 2023 At 31 March 2023: Tanglble assets Investments Current assetsl(Ilabllilies) 128.931 725,000 519,312 320.665 853,931 547,703 782,922 28,391 302,009 160.248 289,179 1.564.977 330.400 2,184,556 -28-
DEAFWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 22 Analysls of nel assets between fund3 (Contlnuad) Deslgnated Funds These funds have been set up to asslst In Identlfylng those lunds that are not free funds and comprise the followlng: ert Fund This fund represents the charitls Interest in the Propety known as Brockholes Brow as Included In Tanglb18 Flxed Assels and also a lease on a property In Lancaster. The balanc8 on thls fund at the year end was £725,000 {2023:£725,000). Reva ualion R erv Thls fund represents the Increase Sn value of the propertles when revalued In Ilne wlth Ihe Charltys revaluallon pollcy. The balanGe of Ihls lund at the year end was £120.000 {2023-. NII) en Reserve Thls fund represents the charltVs commllment to bulld up an operallng reserve fund equlvalenl to three monlhs runnlng costs In order to effectlvely managellake advantage of any unforeseen clrcumslances Ihat may arls8 In th8 fulure. wllhoul adversely affecllng 115 servlce provlslon. The balance on thls fund was transferred to General Funds dudng the year and, subsequently, the balance al th6 year end was £NIL<2023: £540.817). S eclflc Deve ment Pr ecls Fund Res Thls fund represenls Ihe Gharily's commitment to bolh speclfic and gèneral futurè development of th6 organlsallon and the servlces provlded. Thls fund Is made up ol numerous projects. The balance on this fund al the year end was £284.65112023: £299,159). General Funds General funds comprlse Ihose funds whlch the trustees are free to use In accordance wlth Ihe charllable oblects, whlch ar8 not deslgnaled for partlcular purposes and now contaln lh8 conllngency reserve lund8. The balance on th18 fund at Ihe year end was £610,439 (2023: £289,179). Restrlcted Funds General funds comprlse lund$ whlch have been glven for parllcular purposes 8nd prolects. The balances on these funds at Ihe year end Yre as follows: Speclflc developmenl projects fund £43.122 (2023.. £43,122). Appeals fund £114,762 (2023: £115.684) Assets in use £{15,7361 (2023.. £(14,896)). Rlchard Bannlster project £115,542 (2023.. £115.542) Emergency property repalr fund £42,558 (2023: £42,558) Investmenl V82 AOYL £61,276 (2023: £28.391) 23 Related party Iransactlons There were no disclosable related party transactions during the year (2023- none). -29-
DEAFWAY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Cash generaled from operatlons 2024 2023 Deflcll for the year (203,949) (20,813) Adlustmenls for: Investment income r8Gognised In statemenl of finanGlal acllvltlgs Falr valuo galns and losses on investments Depreclalion and impalrment of langlble fixed 8SS8ts (10.372) (46.303) 17,264 16,383) 15,101) 16,343 Movements In WOTklng capltal: (Increaselldecrease In stocks {Increase)Idecrease In d9blors (Decrease) In credllors (376) <14.784) (218.141) 2,584 64,223 (113,329) Cash absorbed by operatlons (476.661) (62,456} 25 Analy618 of Changes In net funds The charlty had no malerSal debt durlng the year. -30-