riL Ifxj REGISTERED COMPANY NUMBER: 05004473 (England and Wales REGISTERED CHARITY NUMBER: 1103074 Report of the Trustees and Financial Statements for the Year Ended 5 April 2024 for Birkdale Trust for Hearing Impaired Ltd Advance Audit Limited statutory Auditor 71t73 Hoghton Street Southport Merseyside PR9 OPR
Birkdale Trust for Hearing Impalred Ltd Contents of the Financial Statements for the Year Ended 5 April 2024 Page Report of the Truslees Report of the Independent Auditors SL*ement of Financial Activities Balance Sheet Notes to the Financial Ststements 10-17 Page 1
Birkdale Trust for Hearing Impaired Ltd Report of the Trustees for the Year Ended 5 April 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charty for the year ended 5 April 2024. The trustees have adopted the provisions of Accounting 2nd 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). OWECTIVES AND ACTIVITIES Objectives and activities a) To advance the education of children and young people. with particular reference to those with hearing impairment. b) To advance any other Charitable Objed which promotes the welfare of hearing impaired children and young people, which may conveniently be pursued in conjunction with the pursuit of the first mentioned Object. Ouraim 15 to concentrate on making grants for profoundly deafyoung peoplewith a meeting tsking place every two months to review all grant requests. In setting our objectives and planning our activities, the trustees have given careful consideration to the Charity Commission's general guidance on public benefit. Achievements and Performance The Trustees are pleased to report that they continue to receive a steady flow of applications both from young people and organisations concerned with hearing impaired young people. Future Vlability The Trustees are satisfied that they have adequate funds to carry OLrt the main objectives of the Charity. It is anticipated that applications will continue to be received. Social investments The charity's portfolio is managed by the stockbrokers appointed by the Trustees, and their performance is reviewed each year. Chaimian's Statement l am pleased to see our grants to deaf young children have increased by £60k this year to a record figure of £336k. Barclays Bank, without notice, closed our Bank Account on 31 October 2023, claiming we had not provided the infomiation they required. This caused considerable annoyance and frustration as the information had already been provided on more than one occasion. Eventually, they admitted they had made a mistake and reopened the account on 11 December 2023. We welcome our new Trustees and thank all the Trustees for their support and time they give to the Trust. Risk Review The Trustees continue to review major risks to which the Charty might be exposed and systems are in place to mitigate such risks. Great care is taken in controlling all aspects of the company's governance. Reserves Policy The charty holds sufficient reserves to cover any normal liabilities and the policy is to keep such reseNes at an adequate level and this has been achieved during the year. Flnancial Revlew There was a deficit for the period before gains on investments of £98,721. Page 1
Birkdale Trust for Hearing Impaired Ltd Report of the Trustees for the Year Ended 5 Aprll 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT The company was incorporated on 30 December 2003, and was registered as a charitable company on 4 April 2004. To assist in achieving the obj8Ctives of Birkdale Trust for Hearing Impaired Ltd the company relies on the voluntary help of the trustees for the control and reporting requirements of the company. Sufficient policies and set procedures are implemented to ensure efficient and effective control of the company. There have been no significant changes in these policies during the year. All investments held during the year, and at the year end, are within the investing powers of the company and the funds held at the end of the financial year are considered appropriate in assisting to support the objectives of the company. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number 05004473 (England and Wales) Registered Charlty number 1103074 Registered office 71173 Hoghton Street Southport Merseyside PR9 OPR Trustees Mr D B Albert (resigned 13.9.23) Mrs P W Coventry Mrs B Pattison Mr C E Pennington Ms L J Riding Mrs H G M Sills (resigned 31.07.24) Mrs S M Tumer Mrs S J Unsworth Mrs C A Watkinson Mr C S Bevan Dr l Mulla Mrs C Vitty (appointed 26.7.23) Mrs S J Scullion (appointed 26.7.23) Ms E Brain (appointed 27.3.241 Mr P Rimmer (appointed 29.5.24) Mr C Bevan, Mrs B Pattison, Mrs C A Watkinson and Mrs S J Unsworth retire by rotation and being eligible offer themselves for re*lection at the forthcoming Annual General Meeting. New trustees are appoinled when required and are assessed on skills that a person can offer the charity. The Trustees hold no oth8r interest in the company. Company Secretary Mr C S Bevan Page 2
Birkdale Trust for Hearing Impaired Ltd Report of the Trustees for the Year Ended S April 2024 REFERENCE AND ADMINISTRATIVE DETAILS Auditors Advance Audit Limited statutory Auditor 71173 Hoghton Street Southport Merseyside PR9 OPR Investment Advlser Rathbones Port of Liverpool Building Pier Head Liverpool L3 1NW Bankers Barclays Bank PLC Lord Street Southport PR81PD CCLA Investment Management Ltd Queen Victoria Street London EC4V 4ET STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Birkdale Trust for Hearing Impaired Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial ststements in accordance with applicable Jaw and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial ststements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then appty them consistently- observe the methods and principles in the Charity SORP., make judgements and estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disctose with reasonable accuracy at any time the financial position of the charÉtable company and to enable them to ensure that the financial statements comply with the Companie5 Act 2006. They 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. In so far as the trustees are aware.. there is no relevant audit information of which the charitable company's auditors are unaware. and the trustees have taken all steps that they ought to have taken to make themsefves aware of any relevant audit information and to establish that the auditors are aware of that information. Page 3
Birkdale Trust for Hearing Impaired Ltd Report of the Trustees for the Year Ended S April 2024 AUDITORS The auditors, Advance Audrt Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. This report has been prepared in accordance with the special provisions of Part 15 af the Companies Act 2006 relating to small companies. Approved by order of the board of trustees on 1 August 2024 and signed on tts behalf by.. Mr C S Bevan - Trustee Page 4
Report of the Independent Auditors to the Members of Birkdale Trust for Hearing Impaired Ltd Opinion We have audited the financial statements of Birkdale Trust for Hearing Impaired Ltd (the 'charitable company.) for the year ended 5 April 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a Summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the stste of the charitable company's affairs as at 5 April 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. 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 Auditors, resporfrsibilities for the audit of the financial statements section of our report. We are independent of the 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 the provisions available for small entities, in the circumstances set out in note 15 to the financial statements, 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 golng concem In auditing the financial statements, we have Concluded that the trustees. use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may Cast significant doubt on the charitable company's abilty to continue as a going concem 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 concem are described in the relevant sections of this report. Other infomiatlon The trustees are responsible for the other information. The other infomiation comprises the information included in the Annual Report, other than the financial statements and our Report ofthe Independent Auditors thereon. 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. In connection with our audit of the financial statements, 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 audit or otheNise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemine 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. Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information gwen in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent wrth the financial statements,. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 5
Report ofthe Independent Auditors to the Members of Birkdale Trust for Hearing Impaired Ltd Matters on which we are required to report by exception In the light of the knowledge and understanding ofthe charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustee5. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement with the accounting records and returns,, or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of trustees As explained more fully in the Statement of Trustees. Responsibilities, the trustees (who are also the directors of the 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 fi'nancial 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 charitable company's ability to continue as a going concern, disclosing, as applicable. matters related to going concem and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic atiernative but to do so. Our responsibilities for the audit of the financial statements Our objectives are to oblain reasonable assurance about whetherthe financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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 aayS 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. The extent to which our procedure5 are Capable of detecting irregularities, including fraud is detailed below: Enquiry of management and those charged with governance around actual and potential litigation and claims- Reviewing minutes of meetings of those charged with governance; Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of signrficant transactions outside the nomial course of business and reviewing accounting estimates for bias. 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 ststements 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. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 6
Report of the Independent Auditors to the Members of Birkdale Trust for Hearing Impaired Ltd Use of our report This report is made solely to the charitable company'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 company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permrtted by law, we do not a¢p1 or assume responsibility to anyone other than the charitable company and the charitsble company's members as a body, for our audit work, for this report, or for the opinions we have formed. Jennifer Tobin FCCA (Senior Statutory Auditor) for and on behalf of Advance Audrt Limited Statutory Auditor 71173 Hoghton Street Southport Merseyside PR9 OPR Date.'..J.hyE¥...m................ Page 7
Birkdale Trust for Hearing Impalred Ltd statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 5 April 2024 2024 Unrestricted fund 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 7,119 1,071 Investment income 299,286 283.206 Total 306,405 284,2TT EXPENDITURE ON Raising funds 24,278 24,446 Charltable actlvities Charitable acti¥ities 380,848 302.458 Total 405,126 326,904 NET INCOME I IEXPENDITURE) BEFORE INVESTMENT GAINS 198,721) (42,627) Net gainsl(losses) on investments 67,4 604,036) NET INCOMEI(EXPENDITURE) (31,225) (646,663) RECONCILIATION OF FUNDS Total funds brought forward 6,375,192 7,021,855 TOTAL FUNDS CARRIED FORWARD 6 343,967 6,375,192 The notes fomi part of these financial statements Page B
Birkdale Trust for Hearing Impaired Ltd Balance Sheet 5 April 2024 2024 Unrestricted fund 2023 Total funds Notes FIXED ASSETS Investments 10 6,237,494 6,296,728 CURRENT ASSETS Debtors Cash at bank 11 7,534 112,026 502 89,525 119,560 90,027 CREDITORS Amounts falling due within one year 12 (13,087) (11,563) NET CURRENT ASSETS 106,473 78,464 TOTAL ASSETS LESS CURRENT LIABIUTIES 6,343,967 6,375,192 NET ASSETS 6,343,967 6,375,192 FUNDS Unrestricted funds 13 6,343,967 6.375,192 TOTAL FUNDS 6,343,967 6.375,192 These financtal statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 1 August 2024 and were signed on its behalf by.. Mr C S Bevan - Trustee Ir C E Pennington - Trus ee The notes form part of these financial statements Page 9
Birkdale Trust for Hearing Impaired Ltd Notes to the Financial Ststements for the Year Ended 5 April 2024 ACCOUNTING POLICIES Basis of preparing the flnancial statements The financial ststements of the charitable company, which is 8 public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 '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 1021 (effeclive 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments whiGh are included at market value, as modified by the revaluation of certain assets. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditur8 Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendilure, rt is probable that a transfer of economic beneff(s will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classrfied under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as commitment but not accrued as expenditure. Taxation The charity is exempt from corporation tax on ts charitable activities. Investments Stocks and shares quoted on a reGogni5ed stock exchange are included in the balance sheet at market value. Investments are a form of basic financial instrument and are initialty recognisèd at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The statement of financial activities includes the net gains and losses arising on revaluation and disposa15 throughout the year. All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investmen15 are calculated as the derence between sales proceeds and their opening carying value or their purchase value rf acquired subsequent to the first day of the financial year. Unreali5ed gains and10sses are calculated as the difference between the fairvalue at the yearend and their carrying value. Realised and unrealised investment gains and losses are combined in the statement of Financial Activities. The main form of financial risk faced by the charty is that of volatility in equity markets and investment markets due to wider economic conditions. the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors. Cash at bank Cash at bank and Ga5h in hand includes cash and short temi highly liquid investments with a short maturity cf three months or less from the date ofacquisition or opening ofthe deposit or similar account. Page 10 continued...
Birkdale Trust for Hearing Impaired Ltd Notes to the Financial Statements - continued for the Year Ended 5 April 2024 ACCOUNTING POUCIES - continued Creditors Creditors are recognised where the Gharty has a present obligation resulting from a past event that will probably result in the transfer of fund5 to a third paty and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. Financial instruments The charity only has financial assets and financial liabilities of a kind that qualfy as basic financial instruments. Basic financial instruments are initkally recognised at transaction value and subsequentty measured at their settlement value. Unrestricted funds All income, expenses, assets and liabilities of the Charity are included in one uniestricted fund applicable to the normal objectives of the Charity. The assets held in this fund are considered as sufficient to support the neSSary activities of the Charty. DONATIONS AND LEGACIES 2024 2023 Grants and Legacies 2024 2023 Barclays Bank Imogen Allfrey Miscellaneous Saltibad 2,000 5,000 119 1,071 TOTAL 7,119 1,071 INVESTMENT INCOME 2024 2023 Dividends Interest Bank interest 202,752 93,721 2.813 222,937 57,947 2,322 299,286 283,206 Page11 continued...
Birkdale Trust for Hearing Impaired Ltd Notes to the Financial Statements - continued for the Year Ended S April 2024 RAISING FUNDS Investment management costs 2024 2023 stockbroker fees 24,278 24,446 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note Support costs (see note 7) 6) Totals Charitable activities 336,888 44,180 380,848 Page 12 continued.
Birkdale Trust for Hearing Impaired Ltd Notes to the Financial Statements - continued for the Year Ended 5 April 2024 GRANTS PAYABLE Anatysls of Grants 2024 Grants to institutions Amy and Friends Anderton Primary School Andrew Simpson Foundation Baby5ensory Basingstoke Bolton Deaf Centre Bright Eyes Childcare Bradford Deaf Children's Society Braidwood School Bright Eyes in the Town BSL Silver CIC The Cavalier Centre Chloe's and Sophie's Special Ears Fund Deaf Active Deaf Scots Trust Deaf Wortd Dex Deaf Experience East Craigs Primary School Euxton Primary School Eyam CE Primary School Fishwick Primary School Gardner, Rosie- therapist Glos, DeafAssociation Hearing Dogs for Deaf People Heathlands School Heronsgate Primary School Hull & E Yorks Centre for the Deaf The Island Trusl The Krazy Kal Theatre Company Leeds City Council Lollipop York and District Mary Hare Foundation Milton Abbot Primary School Mount Hawke Academy North Lincs Council Notts Uni Samworth Academy Parkfields Middle Sch - Hi Prov Pawlett Pre School Pilot Theatre Purple String Productions Ltd The Reanella Trust Salford City Council - Irlam Sch st John's Hospice St John's Ladies Deaf FC st Michael's PTFA St Stephens Pre School (An Daras) Signhealth Silverdale School Status Employment Stoke & Staffs DCA Taking Flight Theatre Company Thomas Deacon Academy Jnrs Toddington St George Sch University of Manchester 1,500 500 1.180 1,170 3,000 500 1,000 3,128 592 1,500 879 2.000 4,000 2,000 2,520 3,000 2,000 430 1,000 370 1.000 2,700 1,500 2.370 79 2,000 1,750 1,500 4,500 2,500 5,000 2,500 274 4,000 2,500 468 3.423 2,025 1.000 1,500 1,986 1,000 3,000 2,500 3,207 5,000 1,000 3,000 775 1,000 384 500 12,000 Page 13 continued...
Birkdale Trust for Hearing Impaired Ltd Notes to the Financial Ststements - continued for the Year Ended 5 April 2024 GRANTS PAYABLE- continued Vamos Theatre Walthew House Warwick Medical School Grants to Individuals (320) 1,000 1,143 735 223,579 336,668 Commitment was made to Manchester Universty in 2022 year end to provide a bursary of £60,000 over 5 years (£12,000 per annum). Second payment of £12,000 was made in June 2023. Outstanding commitment is £36,000. SUPPORT COSTS Governance costs Charitable activities 44,180 2024 2023 Administrator fees Audit fees Administration costs Accountancy fees 33,921 4,777 4,872 600 23,966 4,560 5,521 TOTAL 44.180 34,047 NET INCOMEI{EXPENDITURE) Net incomel(expenditure) is statsd after chargingl(crediting): 2024 2023 Auditors. remuneration 4,788 TRUSTEES. REMUNERATION AND BENEFITS Trustees, expenses No salaries or wages have been paid to empbyees, including the members of the committee, during the year. Page 14 continued.
Birkdale Trust for Hearing Impalred Ltd Notes to the Financial Statements - continued for the Year Ended 5 April 2024 10. FIXED ASSEf INVESTMENTS UK cash- part of portfolio Listed investments Totals MARKETVALUE At 6 April 2023 Additions Disposals Revaluations Transfer 6,118,439 178,289 6,296,728 1,041,446 1,002,814 2,044,260 (1,002,814) (1,W,794) (2,067,608> 67,496 67,496 103,382> 103,382) At 5 April 2024 6,224,567 12,927 6,237,494 NET BOOK VALUE At 5 April 2024 6,224,567 12.927 6.237,494 At 5 April 2023 6,118439 178,289 6,296 728 Investment assets are further analysed below. Cost or valuation at 5 April 2024 is represented by: UK cash- part of portfolio Listed investments Tota15 Valuation in 2024 6,224,567 12,927 6,237,494 2024 2023 Historical cost at 5 April 2024 5,445,732 5,327,395 Analysis of investments at 5 Aprll 2024 between funds Total Funds Total Funds 2024 2023 Listed Investments UK Quoted Shares Other investments UK cash held as part of Portfolio 6,224.567 6,118,439 12,927 178,289 6 237,494 6,912,864 Further Analysis of investments at 5 April 2024 Total UK Overseas Fixed interest Ordinary shares 496,640 5,727,927 496,640 3,676,169 2,051,758 6,224,567 4,172,809 2,051,758 Page 15 continued...
Birkdale Trust for Hearing Impaired Ltd Notes to the Flnancial Statements . continued for the Year Ended 5 April 2024 11. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income 7,534 502 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accrua15 and deferred income 13,D87 11,563 13. MOVEMENT IN FUNDS Net movement in funds At 5.4.24 At 6.4.23 Unrestricted funds General fvnd 6,375,192 (31,225) 6,343,967 TOTAL FUNDS 6,375,192 31,225) 6,343,967 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losse5 Movement in funds Unrestricted funds General fund 306,405 1405,126) 67,496 (31,225) TOTAL FUNDS 306,405 405,126) 67,496 31,225) Comparatives for movement in funds Net movement in funds At 5.4.23 At 6.4.22 Unrestrictsd funds General fund 7.021,855 (646,863) 6,375,192 TOTAL FUNDS 7,021855 646,663) 6 375,192 Page 16 continued...
Birkdale Trust for Hearing Impaired Ltd Notes to the Financial Statements - continued for the Year Ended 5 April 2024 13. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and Movement losses in funds Unrestrlcted funds General fund 284,277 (326,904) (604,036) (646,663) TOTAL FUNDS 284,277 326 904) 604,036) 14. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 5 April 2024. IS. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. 16. COMPANY LIMITED BY GUARANTEE The Company is limited by guarantee and the liability of the member5 is limited to an amount not exceeding £10. Page 17