Company number: 5277257 Charity Number: 1110373 The Manchester Deaf Centre Limited Report and financial statements For the year ended 31st March 2022 'JSJOJECY* 2211212022 COMPANIES HOUSE 111
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Manchester Deaf Centre Reference and administrative infomiation for the year ended 31 March 2022 Company number 5277257 Charity number Registered office & operational address Crawford House, Booth Street East, Manchester, M13 9GH Trustees, who are also directors under company law, vkno serrfed during the year and up to the date of this P[Irt We as follows: 1110373 Trustees John w3haM Chair (appointed 9th Dec 2021) Treasurer (appointed Dec 2021) (Treasurer. until 9 Dec 2021) (Attlng Chair until 91h Dec 2021) Michael Doyle Alistair Wright Paullne Roberts Brlan Kokoruwe Shdley Launchbury Christine Wright Claire Baldwln Arbab Hu55ein Sara Talli5 (resigned 24th Mar 2022) (resigned 23 Sep 2021) Margaret Livesey Secretary John Hesketh {S19ned 21" Feb 2022) Mark Woodall (appointed 22 Feb 2022) Claire Holland lappointed 22fvJ Feb 2022) Key management John Hesketh p•rsonn•l Mark Woodall Claire Holland Centre Manager (sIgned 215t February 2022) Senior Manager (appolnted 22- Feb 2022) Senior Manager (appointed 22- Feb 2022) Bankers Co-operatfive Bank PO Box 250 Delf House Southway Skelmer5dale WN8 6wr Independent examiner Christy Lau FCCA cfA DChA, Slade & Cooper Umlted Beehive Mill, Jersey St, Manchester M4 6JG
Manchester Deaf Centre Trustees. annual report for the year ended 31 March 2022 Chair's Annual Report, 2021-2022 Manchester Deaf Centre has shown its resilience during two of the toughest year5 the world has experienced in our lifetimes, with employees and volunteer5 demonstrating their capacity to work withln Covid-19 guidellnes and sustain cmaal support service delivery to some of the most vulnerable hard of hearlng, Deaf and deafened and hearing cltizens of Manchester and the surrounding areas. through remote online engagement in provision of infomiation, advlce and advocacy support for example; in the maintenance of wellbeing and skeleton employment, enterprise and youth services in Covid-safe small groups; and through carefully risk-managed home vlslts and community outreach work compliant with key worker guidelines. Oue to the pandemic, many deaf people have been studc within their homes wlth little or no contatt for a long time. This year they have wdcomed the much needed opportunity to attend the centre again, Whe they can not only have their support needs met but also caryout activitles and socialise with their peers. Manchester Deaf Centre ser¥ices are now fully back to operatlng face to fa however, we stlll offer remote 5UPPOrt for individuals who find this preferable. l am proud of the many achievements that this report references. acr055 each of our different services: Wellbeing, Advocacy, IAG, Training, Enterprise and Employment {WArrE) Salford and Trafford Advocacy Ser4ices, and Self Care Workshops Children and Young People Our Courses and Interpreter Servlces all delivered in Brltlsh $1gn Language or wlth the asslstance of qualified, experienced and NRCPD-regi5tered Interpreters and communication professionals according to service-user communication needs and preferences, online or face to face. Manchester Deaf Centre has recently addressed some very real thallenges and without support from those that care about the actlvities we deliver; employe, volunteers, trustees and users of the Centre, we may not have been able to contlnue as an orrjanlsation. There many reasons to be encouraged, the Trustees have worked extremely hard to ensure the governance and leadership of the Centre are making a difference and supporting the many activities we deliver to improve people's lives. Everyone at the Centre, and those that are delivering artivities on our behalf, are doing their best to make sure no-one Is left without x)meone or somethlng to address their quality of Ilfe issues. We will continue to work as hard as we can to su the Manchester Deaf Centre grows over the Coming years. John Wareham, Chair of Trustees. The Manthester Deaf Cent
Manchester Deaf Cent Trustees. annual report for the year ended 31 March 2022 The trustees present their report and the unaudited finanoal statements for the year ended 31 March 2022. Included within the trustee's pOrt is the Directorfs report as required by company law. Referentt and administrative inf0mtiOn is set out on page I foms part of this report. The financlal statements comply with current statutory requirements, the memorandum and artides of a550ciation and the Statement of Recommended pract1 - Accounting and Reporting by Charities.. SORP applicable to charitie5 preparing their accounts in accordance with FRS 102. Our History The Manchester Deaf Institute was established in 1846, becoming the Manchester Deaf Centre In 1990. MDC is the leading prowder of services for deaf. deafened, hard of hearing and partial hearing people in Manchester and for those v•siting Manchester to acce55 hospitsls and other services. MDC also has long established connections other deaf centres and provider5 throughout the region. Our servitts for deaf people which indude: an employment serrfice, youth service, community bar & cafe, volunteering scheme, Soaal Club, tinnitus group, sign and play pre-school group, mental health & well-being group and interpreting service. We have fully trained and qualified staff. along with established systems and procedures for the management of fvnded servitrs. We have a long history and understanding of meeting the needs of deaf people through a varlety of tailored service5 and methodologies. We are well placed for the provision of professional communication support seNices incorporating BSL, Deaf- blind interpreters. Lip-speakers, Electronic Note-takers and ssfRs (Speech to Text Reporters). MDC Services Manchester Deaf Centre is at the heart of Greater Manchesterfs Dldeaf and hard of hearing community. We are a hub for inclusion. advocacy. accessibility, support, trainin9 and inforniation. At MDC, we are proud to provide a range of services that support and empower the community of which we a part. We have four main serrflce offerings: Wdlbeing, Advocacy, tAG, Training, Enterprlse and Employment (WAfTE) 2. Salford and Trafford Advocacy Services and Self Care Workshops Children and Young People Our Courses and Interpreter SeNce5 We are also proud to provide quallfied and NRCPD-reglstered BSUEnglish Interpreters as means of breaking access barriers down, and enabling D/deaf citizens of our city region to access presently exclusive organisations spanning the public, private and not-for-profit sectors, enjoy amenities and benefit from services on an equitable basis. Courses for bIle Benefft We delivered Brit15h Sign Language courses between April 2021 and March 2022. Through the year, we delivered: (i) Deaf Awareness Training to organi5ations keen to extend their learning, begin to review and improve their operating procedure5 (li) Introductlon to British Sign Language Urse$ to organisations locally who 14ere keen to extend their accessibility and reach: (iii) Inclusive Employment and Access to Work were among the other courses we created from scratch and at the year end, worf( was on-going to promote these and seojre take-up.
Manchester Deaf Centre Trustees, annual report for the year ended 31 March 2022 Governance. People and Operations The trustees rvliew the alms. objectlves and artivities of the tharlty each year. The trustees have referred to the guidance contsined In the Charity Commission's general guldance on public benefit when revlewing the charity's aims and objertives and in planning its futu activities. In particular. the trustees conslder how planned attlvities Y11 contrlbute to the aims and objertives that have been set. Govemlng document Manchester Deaf Centre was established in 1846 as Adult Deaf and Dumb Institute. The original constitution was adopted in 1866. It changed its name in 1990 to Manthester Deaf Centre. The Deaf Centre moved from Grosvenor Street in 1975 to its preSt premlses in Cravrford House, Booth Street East. The Deaf cent became an incorporated charity on 3 October 2005, having previously been an unlncorporated charity no. 221247. The Deaf cent is governed by MerrK)randum and Articles of Association. Company status The CoMnY Ss Ilmited by guarantee and all member5 have agreed to contribute a sum not exceeding £1 in the event of a wlnding-up. Goveman Our organisation is proudly govemed by a diverse Board of Trustees who are predominantly from the Deaf/deafened/hard of hearing community. Allled with the ski115 of deaf staff members with which we work, their experiences of work and lrfe make for authentic, grounded direction respectful of and sponSive to need across the hard of hearing. Dldeaf and deaf blind communities of Manchester and the wider city region. Theirs is a shared job of leading oryanlsational and service development within the bounds set by our charitable objectives. Trustees Manchester Deaf Centre continues to be led by a Board of Trustees who are mainly Deafldeafened/hard of hearing. The Trustees bring invaluable lived experience to their work and help with Strategic dirertion-5etting, service and operational ovetsight, finanoal management and the assurance of legal compliance. Around the table, we have expertise from a range of professionals to help galvanlse the Board for the fvture challenges and opwrtunities to which the organisation must respond as the groups of intet and sooal identlty we serve, right across Greater Manchesterfs hard of hearing, Deaf and deafened community, begin to emerge from the Cowd-19 pandemic. try to find their footing afresh and plot a forward path to brighter fubjres. staffing Manchester Deaf Centre employed 31 staff this year, our BSL/CPD provision, speciallst advocacy teams in Salford and Trafftird, and Children & Young People's Service teams seeing particular growth. Over the course of the year we enjoyed a number of successes in grant application as reflected elsewhere in these accounts. bolstering our stsff team also enabled our pursuit of new contracts to diverslfy the Income streams with which Manchester Deaf Centre WO$. The on-golng pandemic resulted in our losing income as courses were cancelled, Interpreter ljookings reduced in number, room hire stopped as the building dosed and bar income stopped. It really put pressure on our core operating budget.
Manchester Deaf Cent Trustees. annual port for the year ended 31 March 2022 Monthly staff meetings rnoved to Zoom online, but still provided the Chair of Trustees and Centre Manager with opportunity of learning exchange, professional and personal 5UPPOrt as we transitioned to new, mainly detached and Covld-safe or online ways of working in sustainin9 esseritial Deaf advocacy and wellbeing selvices. Most staff swtched to full-time home working. Smaller team meetings by Zoom were a150 encouraged to help maintsin a thared understanding of prOgS wlth different work streams and uplift those strnggling to sustain their spirits in isolation from o)Ileagues. Volunteer5 We are espeaally grateful for the many Voluntee Sticking by and continuing to support our organisation when many fad very challengin9 Situations of their own, uncertainty over employment, anxiety caused by restriction5 on caring forfamily rnembers and so on, we were and remain hugely grate1. Thls gave the Deaf Centres. Board and management team great encouragement, and provided reason for 9at pride. Here again we would like to retterate our thanks. A further posltive that presented before the year end was Manchester City Councils further extension of OMVCS fundin9, duly enabling us to start exploring the p055ibility of engaging a new part- time colleague to glve dedicated time to volunteer recruitment, induction, support, supervislon and coaching; the organisation of training and work plans; the administration of recognltion and reward schemes; and the mapping-out of progre55ion opportunities whenever the time to move on or need of moving on comes. We engaged a volunteer co-ordlnator to quality assure experiences, increase MDC'S volunteer retention rates and the retum alised on our investment of time and money in superrfision and training. Partnership worting Though the extenston of restrictiorts, the pandemic crr*nwJ tocurtail much of our vrk, still we sought to connect and collaborate in the interests of doing all that we could to support hard of hearing, Deaf and deafened people in acute need. Through the year, we also took opportunrty of repsenting hard of hearing, Deaf and deafened citizens of the city and surrounding areas on a number of public service and policy groups, hopefvl of inftuencing and informing change so a5 to level things up for a cohort too often CUtUt or forgotten hence the disproportionately poor outcomes too often realised across the board, education, employment, health, housing etc. Ensuring that hard of hearing, Deaf and deafened people have a volce In deosion-maklng around the city is very imwrtant of course If we are to play our part in ensurin9 that they can move freely in and out of services and systems, enjoy good healthcare and leisure opportunitie5, access and interact Ydlth the public alM and local amenities on an equitable basis, but landscape-shaping to the detriment of organi5ational wellbeing and core service impact IS a risk we have continued to guard against.
Manchester Deaf Centre Trustees. annual report for the year ended 31 March 2022 Financial review At the end of the year, total reserves were £710,021 (2021: £955,205). Of this total, the operatlonal reserves consists of £52,960 (2021: £103,339) of unrestricted funds and £131,747 (2021: £313,361) of $tritted funds. The remaining non-operational serveS consist of £177,296 (2021: £180,772) as revaluation fvnds, £270,314 (2021: £278,505) as refurbishment funds and £77,704 {2021: £79,228) as the net book value of the lease. Penslons Manchester Deaf Centre continues to work with Greater Manchester Pension Fund (as our Local Government Pension Scheme Guarantors), Manchester City Council and Ward Hadaway Solicitors towards agreement around dearing the membership cessation charge triggered on the leaving of a stsff member from the organisation in Autumn 2019. Grants MDC continues to apply for grant funding and hard of hearing, Deaf and deafened people can work with us to shape and execute our plans and a Needs Analysis to pursue additional contracts, but as the country emerges from the pandemic we do reco9nise that we will have a challenge on our hands. We have revised our business plan and the Boaril and staff are as one on the importance of sustaining our service provision and forging ahead. We are hopefijl that, working in partnership with others, facilitating this and progressing organisational and service development plans that emerge, will be one of our foremost priorfties in 2022123. Reserves pollcy The Board of Trustees have established a policy whereby they seek to hold sufficient reserves to continue the current activities in the event of a drop in funding and earned income for 6 months (approximately £200,01)O covering staff and general running costs). Work towards this target is on- going. Risk management The charity trustees have giv consideration to the major risks to which the charity is exposed and satisfied themselves that system5 or prOdre$ are e5tabli*hed in order to manage those risks.
Manchester Deaf Centre Trustees. annual report for the year ended 31 March 2022 In summary This has been another challenging year for Manchester Deaf Centre, bLrt through the challenges of the pandemlc we found ways of doing differentty and assisting in people's hour of need; we ¢JJnt(rMJed to provmle a sustained ser4ice provision to as full an extent as possible and did our utmost by those we are here to senie. The pandemic ha5 taken its financial toll with Income lost through the drop in course take-up, the loss of interpreter bookings, room hire and soaal bar revenue5 as noted. but a5 the country emerges from the public health crisis, the hard of hearing, Deaf and deafened communities we serve will need our organisation'ssupport more than ever to recover lost ground, find their feet and positive trartion again as the wider economy and bigger picture soaety strive to put their pieces together again. We must continue to be well-placed to help working age adults recover mental and physical health, flnandal stablllty, career andlor enterprise planning. We must W15ure that we make our services at MDC acces%ble, we reach out creatively and viith compassion, need our starting point for every encounter and intervention no matter whether we're speaknng with thildren and young people long dIstand from their friends or older people isolated, afraid and in poor health. We must adapt and innovate within the financial constraints that we will work and take inspiration from all that has gone before us and worked so hard to develop a re5pon5ive organisation imparting so FQSitively on the lives of so many.
Manchester Deaf Centre Trustees, annual report for the year ended 31 March 2022 statement of responsibilities of the trustees The trustees (who are also dlrertors of Manthester Deaf Centre for the purposes of company law) are responsltAe for preparing the trustees. annual report and the finanaal statement5 in accordantt wlth applicable law and United Kingdom Accounting Standards (United 'ngdoM Generally Accepted Accountin9 Prattice). Company law requlres the trustees to ppare financial statements for each finandal 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 these finanoal statements, the trustees are required to: Select Suitable accounting policie5 )d then apply them consistently Observe the method5 and principJe5 in the (harities SORP Make judgernents and estimates that are reasonable and prudent State whether appllcatAe UK Accounting Standards and statements of recommended practlce have been followed, subject to any material departures disdosed and explained in the financial statements Ppa the finanoal statements on the going concem basis unless tt is inappropriate to presume that the charfty will continue in operation The trustees are resp)n4ble ftir keeplng proper accountlng records that disdose with reasonable accuracy at any tlme the financial position of the charitable company and enable them to ensure that the financial ststéments coMFY with the Companies Act 2006. They are also responsible for safeguarding the a55ets of the charitable company and hence for taking reasonable steps for the prevention and detection of traud and other irregularities. The ttustees are responsible for the rna1ntenan and integrity of the corporate and financial infomiation induded on the charitable company's website. Legislation in the United Klngdom governing the pParatIon and dissemination of finanoal statements may differ from legislation in other jurisdictions. Thls report has been prepared in ar£Ordan with the provi5ion5 applicable to companies subjert to the small companles, regime of the Companies Act 2006. The trustees. annual report has been apwoved by the trustees on 2011012022 and signed on their behalf by John Wareham Chair
Independent examinerfs report to the trustees of Manchester Deaf Centre I report to the charity trustees on my examination of the accounts of the LDmpany for the year ended 31 March 2022 which a set out on pages 10 to 35. R•sponslbilitl•s and basis of report As the charlty trustees of the company (and also its directors for the wrposes of company law) you a responsibie for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Cthe 2006 Art?. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report In respert of my examination of your company's accounts as carried out under sertion 145 of the Charities Act 2011 Cthe 2011 Act.). In carying out my examination I have followed the Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act. Independent examinerfs statement Since the company's gross income exceeded £250,000 your examiner must be a member of a t)ody listed In sertlon 145 of the 2011 Art. I confirm that l am qualified to undertake the examination because l am a member of the Association of Chartered Certlfied Accountants, which is one of the listed bodie5. I have completed my examination. I confirni that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respert.. l. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those Cords. or 3. the accounts do not comply wth the accounting requirnents of Section 396 of the 2006 Att other than any requirement that the accounts give a 'true and fair view. which is not a matter considered as part of an independent examination; or 4. the accounts have rt been prepared In accordance with the methods and prlnclples of the Statement of Recommended Prattice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Finanaal Reporting Standard appllcable Sn the UK and Republlc of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the exarnination to which attention should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. Christy Lau FCCA cfA DChA Slade & Ci)oper Limited Beehive Mill. Jersey Street Manchester, M4 6JG Date 09 L)ernber 2022
The Manchester Deaf Centre Limited Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2022 Unrestricted Restricted funds funds Totsl funds 2022 Totsl fvnds 2021 Income from: Donations and legacies 11,445 11,445 154.654 Charitable artivitie5 386,816 232.919 619.735 696,956 Other trading artlvities 46,312 46,312 41,840 Investments 1,986 1.986 248 Totsl Income 446.559 231919 679,478 893.698 Expenditure on: Raising funds 8.764 8,764 5,624 Charitable activities 506,576 41S,021 921,597 591,356 Totsl expenditure 515.340 415.021 930,361 596.980 Net Income/(expendlturo) before net gain$l{losses) on inv•stments (68,781) (182,102) (250,883) 296,718 Reallsed gainsl(losses) on investments UnrealSsed gains/{losses) on investments 4,600 1,099 4.600 1,099 15,133 Net Incomel(expendSture) lor the year io (63.082) (18¥102) (245,184) 311.851 Transfer between funds (488) Net mov•ment in funds for th• y•ar (63.570) (181,614) (245,184) 311,851 Reconclllatlon of funds Total funds brought forward 641,844 313,361 955,205 643,354 Totsl funds carried fon¥ard 578.274 131,747 710.021 The statement of finanaal artlvities includes all gain5 and losse5 retognised In the year. All income and expenditure derive from conts"nuing activlties. A full comparatlve SOFA is available on the last page of the financial statements. io
The Manchester Deaf Centre Limited Company number $277257 Balance sheet as at 31 March 2022 2022 2021 Fixed assets Tangible assets Investrnents 607,553 13,773 633,298 71,398 16 Total fixed assets 621,326 Current assets Stock Debtors Cash at bank and in hand 613 53.912 207,841 17 115,616 343.526 Total current a$ts . 262,366 459.142 Li•biliti¢s Creditors: amounts falllng due in less than one year (72,911) (79,258) Net current assets 189,455 379,884 Total assets less currert liabilitles 810,781 1,084,580 Creditors: amounts falllng due after more than one year (100,760) (129.375) Net assets 710.021 955,205 The lunds of the charlty: Re5trirted incorne funds Revaluation reserve Unrestrirted Income fund5 General fund Refurbishme General fund 21 131,747 177,296 313.361 180,772 130,664 270.314 182,567 278,505 23 Totsl ¢h•rity furKIs 710.021 955.205 For the year in questyon. the company w•5 ill exunwion from aL4it wer se£thJn 477 of Compantes Act 2006 relan9 to small companles. Dlrector5' responsibilitre5.' . The rnernbers have not reoulred tt Conwny to obraln an OLrfIIt rf s (oUrt$ for yew In quesitrjn In accordan cbon 476. • The dlrettors a£krthedge tr1r re¥bIlItIeS for vilth the rqthmeNs ol Ihe Act respect to 0¢¢oUnn9 records and the prepafat50Th of accounts. These accounts are prepared in accordance wlth lthe srdal prowislon5 of 15 of Compan*s Art 2006 rdatw to smèll companles and (oltU the n¥ab occourt5 requY&l by compan Act 2006 ar are for drcukition to membEf5 or the company. The notes on pages 13 to 35 fomi part of these accounts. Approved by the trustees on 2011012022 and signed on their behalf by: John Wareham (Chair) li
The Manchester Deaf Centre Limited Statement of Cash Flows for the year ending 31 March 2022 2022 2021 Cash provided by/(used in) opwating Jctivit (178.138) 280,854 Cash IIow5 from Investing activities." Dividends, interest, and rents from Investments Purchase of tangible fixed assets PrOed5 from sale of investments 1,986 248 (42.505) 63,324 Cash provlded by/(used In) Investlng actmti 65.310 {4A257) Cash flows from finanong activltles." Repayment of bormwing Cash inflow5 from new bormwin9 (22.857) Cll,742) 50,000 Cash provlded by/(used In) flnaftdng actmtles (22.857) 38.258 Increase/ldecrease) in cash and cash equlvalents in the year (135.685) 276 855 Cash and cash equl¥alents at the beglnnlng of the year 343,526 66,671 Cash and cash equivalents at the end of the year 207.841 343,526 12
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 Acc041nting poli¢i¢$ The principal accountlng polioes adopted, Judgments and key sources of estlmation unrtainty in the preparation of the financial statements are as follows: a Basls of preparation The financial statements have been prepared in accordance with AccountSng and Reporting by Charlties: Statement of Recommended Prnctice applicable to charities preparing their attounts in accordan wlth the flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), second edition October 2019 (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Apted Accountin9 Prnctice. The Manchester Deaf Centre Umlted meets the definition of a public benefit entity under FRS102. Assets and liabilities are Inltially recognlsed at historical cost or transaction value unless otherwise ststed in the relevant accounting policy note. b Preparatlon of the accounts ¢Jn a going concern basls The trustees consider that there are no material uncertalntles about the charitable company's ability to continue as a going concern. The trustees have made no key Judgments which have a significant effert on the accounts. The trustees do not conslder that there are any source5 of estimation UnrtaInty at the porting date that have a significant r5sk of causing a material adjustment to the carrying amount of assets and liabilitie5 within the next reporting period. 13
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) c Income Income is recogni5ed when the charity has entitlement to the funds, any perfomance conditions attached to the item{5) of income have been met. It Is probable that the Income wlll be received and the amount can be measured reliably. Income from government and other grant5. whether 'capital' grants or 'revenue' grants, Is recognised when the charity has entitlernent to the funds, any perfomantr conditions attached to the grants have been met, it is probable that the income wlll be reiVed and the amount can be measured reliably and is not deferred. For legacie5, entitlement Is tsken as the earlier of the date on which either: the charity Is awa that probate has been granted. the estate has been finalised and notificatlon has been made by the executorfs) to the tharty that a distribution will be made, or when dlstrfbution is recelved from the estate. Reipt of a legacyi In whole or in part, is only consldered probable when the amount Gin be measured reliably and the charity has been notified of the executorfs intention to make a distribution. Where legacies have been notified to the charity, or the charlty is aware of the granting of probate, and the criteria for income recognltion have not been met, then the legw is a treated as a contingent asset and disdosed if material. Income received In advance of a provlsion of a spedfied ser41 Is deferred until the crlteria for income recognition are met. d Don•ted Servic •nd fè¢il•ties Donated professional servi5 and donated facilitie5 are recognised as income when the charity has control over the item, any conditions aociated with the donated Item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordan with the Charities SORP (FR5 102), general volunteer time is not recognised; refer to the trustees. annual report for mo Infomiation about thelr contribution. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the tharity whith is the amount the charity would have been wllllng to pay to obtslr$ Services or faalities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. e Interest re¢eJvabl¢ Interest on fvnds held on deposit is induded when reolvable and the amount can be measured reliably by the tharity; this 15 nonnally upon notification of the interest paid or payable bv the Bank. 14
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) f Fund accountlng Unre5tri¢ted funds are available to sper*d on activities that further any of the purposes of charity. Deslgnated funds are unrestrltted fiJnd5 of the charity whlch the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations whlch the donor has specified are to be solely used for particular area5 of the charity'5 work or for specific projects being undertsken by the charity. Expendlture and Irrecoverable VAT Expenditure is recognised once there is a legal or constmttive obllgation to make a payment to a third party, it Is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure 15 classified under the following activity headlngs: Costs of raisln9 funds comprise the costs of commerclal tradlng and thelr associated support C05ts. Expenditure on charitable attivities includes the costs undertaken to fvrther the purposes of the charity and their assoaated support Costs. Irrecoverable VAT is charged as a cost against the activity for whlch the expendlture was incurred. h Operatln9 leases Operatlng leases are leases in which the tlue to the assets, and the risks and rewards of ownership. remain with the lessor. Rental charge5 are tharyed on a straight line basis over the terni of the lease. i Tangible fixed a$sots Individual fixed assets costlng £500 or more are capitallsed at Cost and are depreciated over thelr estimated useful economic lives on a straight line basis as follows: Asset Category Annual rète Property lease period of lease to 24.06.2074 Office furniture & equipment 5 years Computer equipment 3 years Website 5 years Property improvements period of lease to 24.06.2074 The trustees reviewed the estimated useful life of the property improvements in 2014 and were of the opinlon that thls should be over the period of the lease (60 years) rather than 10 year5 as previously estimated. The Deaf Centre property is leased from Manchester University at an annual rent of £nll. A service charge is payable to the University- The lease on the Deaf Centre property was revalued on 5 March 2008 at £330,000 by Damian Gee Bsc (Hons) Dipval MRICS of Lambert Smith Hampton at Market Value. It had been previously valued by the Trustees at £IOO,000. the historic cost is not known. It is due to be revalued every five years. The trustees are not aware of any material change slnce the last valuation. 15
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) J Flxed asset Investments Investments are a fomi of basic flnancral Instrument and are Inltlally recognlsed at thelr transaction value and subsequently measured at their fair value as at the balance sheet date uslng the dosing quoted market price. The ststement of financial attivitses indudes the net gains and losses arising on revaluation and disposals throughout the year. The Charity does not acouire put options, derivatives or other complex financial in5trument5. The main form of finandal risk faced by the charity Is that of volatlllty in equlty markets and investment markets due to wider economic condltions, the attitude of Investors to investment risk. and changes in sentiment concerning equities and wlthin partlcular sectors or sub sectors. k Stock Stock Is Included at the lower of cost or net realisable value. In 9eneral, cost is determlned on a first in. first out basis. Net realisable value is the price at whith stocks can be sold In the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete, slow moving, and defective stocks. Donated items of stock are recognised at falr value which is the amount the charity would have been wllling to pay for the items on the ODen rnarket. l Debtovs Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and In hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposlt or simllar account. n Creditors and provlsions Credltors and provisions are recognised where the charfty has a present obllgatlon resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligatlon on be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade dlscounts due. o finandal Instruments The charity only ha5 financial asset5 and financial liabilities of a kind that qualify a5 ba51C financial instruments. Basic finandal instruments are Initially recognlsed at transartlon value and subsequently measured at their settlement value with the exception of bank loans whlch are subsequently measured at amortised cost using the effective interest method. 16
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) p P¢nsion$ Employees of the tharity are entitled to Joln a defined contribution 'money purthase. scheme with NEST. The charity's contributlon to this scheme in 2022 were £5,620 (2021: £3,487). There were £nil (2021: £nil) OLrtstsnding contributions at the year end. MDC'S membership has ceased with the Greater Manchester Pension Fund and both Subsumption and Soft Commerclal Agreements are presently being ne9Otiated with Manchester City Counal. Legal status of th• tharlty The charity is a company limited by guarantee registered In England and Wales and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address is disdosed on pa9e l. In¢omo from donatlons and le9ades Total 2022 Total 2021 Donation5 Legacies 11,445 4.654 150,000 Total 11,445 154,654 All donations and legacies incoffle 55 unrestricted. 17
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) Income from charltable actlvSties Currert rnporting period Unrestricted Restricted Total 2022 MDC Manchester City Counril National Lottery Leaders with Llved Experien 63.060 63,060 3,795 84,043 4,981 16,188 16,285 20,000 3,795 84,043 12,249 16,188 16.285 20.000 WEA Trafford Councll British Deaf History Society Young Manchester Cooperative and Mutual Solutions Llmited GMMH Home Manchester GMCVO Salford Cs Fees & other charitable Income 7,268 4,750 5,982 1,345 7,605 4,885 4,750 5,982 1,345 9,605 4.885 90.457 2.000 90,457 99.725 232,919 332,644 CSS (Communl¢atlon Support Services) 287,091 287,091 287,091 287,091 Total 386,816 232.919 619,735 18
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) In¢om¢ from charltabl• aetlvitles IconL) Prevlous reportlng period rotsl 2021 MDC Manchester City Coundl 8ig Lottery Fund Salford CCG OMCVS (Equalltles) Herltage Lottery WEA National Lottery Eric Wright Fund WAITE pmject BBC I Can Prlnces Tntst Trafford Council 8rit15h Deaf History Society Young Manchester First A Cooperatlve and Mutual Solutions Limlted Lankelly Chase We Love Manchester GM 8usines5 Support Limited cIndelIa Fund The ConseThatlon Voluntee Fees a other chatable income 10,000 5,000 15,000 77.392 40,000 24.800 6,673 51,114 10,000 84.043 39,856 24.599 23,334 22,799 21,925 19,359 77.392 40,000 24,800 6,673 51,114 10,000 84,043 39,856 24.599 23,334 22,799 21,925 19,359 8,750 5.000 3.000 2.498 2.492 1,350 8.750 5.000 3.000 2.498 2,492 1,350 60.639 60,639 70,639 473.984 544,623 CSS Ccommunkatlon Support SeftvlJ Fee5 152,333 152,333 152,333 152,333 rotal 222.972 473,984 696.956 19
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) Income from other trading actl¥ltl¢s Total 2022 Totsl 2021 Room Hi Bar and Café Sales 41,766 4,546 41.840 46,312 41,840 All Income from other tradlng artlwties is unrestricted. Investment Income 2022 2021 Income from bank deposits and dividends 1,986 1,986 248 All investrnent income 15 unrestricted. Cost of raising funds 2022 2021 Administratlon Cost of good 501d 7.483 1,281 3.724 1,900 8,764 5,624 All expenditure on cost of raising fund5 15 unrestricted. 20
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) Analysis of expendlture on charltable artlvltles Current reporting perlod MDC projects (Communica0 n Support knKesl MDC Total 2022 Staff costs Contrattors Bad Debts wrltten off/(back) Premi5e5 Administration Project costs Depreciat5on Governance costs {see note 9) 171,542 28,046 195.071 27,366 7,976 215,113 374,589 270,525 67,438 79,913 6.430 25.745 16,448 10,342 27,346 42,507 77,780 107,573 48,937 25,745 16,448 314 395,562 302,632 223,403 921.597 Previous reportlng MDC pmjects (C•mmunlcall Support MDC Total 2021 Staff costs Contracto Bad Debts wrltten off/(back) Premi5e5 Administration Project costs Depreciation Governan costs (see note 9) 116,261 17,589 2.882 20,004 58,603 159 25,745 5.700 154,159 24.370 1,906 102,325 272,326 144,284 2,882 43,679 80,859 15,881. 25,745 5,700 23.675 21,759 15.722 497 246,943 239,685 104,728 591.356 2022 2021 Restrftted expendSture Unrestricted expenditure 415,021 506,576 246.662 344,694 921,597 591.356 Analysls of governanc• Total 2022 2021 Trustee and AGM expenses Accountanry and independent examination Legal and prOfeSonal 8.571 6,056 1,821 16.448 5.700 21
The Manchester Deaf cent Umited Notes to the accounts for the year ended 31 March 2022 (continued) 10 Net Incomel(expendltuYe) for the year This is stated after charyingl(crediting)". 2022 2021 Depreciation Operating lease rentals Independent examinerfs fee Accountancy Independent examlnation other 25,745 25,745 1,575 1,050 2.070 1.500 1,000 3.787 11 Staff costs staff costs during the year We as follows: 2022 2021 Wages and salarles Soclal security costs Penslon costs 350,245 18,723 5.621 241,583 11,038 19.705 374,589 272.326 No employee5 has employee benefits in excess of £60,000 {2021: NII). The average number of staff employed during the period was 23 (2021: 20). The key management personnel of the charity comprise the Trustees. Centre Manager and two Senior Managers. (2021., the the Trustees, Centre Manager, Operations Manager, Business Development Manager. Project Manager (Salford and Trafford) and Projert Manager {WArrE). The total employee benefits of the key management. personnel of the charlty were .£44,085 (2021., £137,579). 12 Trustee remuneratlon and expenses. and related party transactlons Nelther the Board of Trustees nor any persons connected with them received any remuneration or relmbursed expenses during the year (2021: NII). One member of the Board of Trustees received travel and sub5i5tence expenses durlng the year of £187 (2021:£ nil). The are no donations from related partles whith are outslde the nomial o)urse of business and no restricted donations from related partie5. No trustee or other person related to the tharity had any personal interest in any contrart or transattion eftte into by the charity, including guarantees. during the year (2021: nll). 22
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) 13 Government grants The govemrnent grants COgnised in the accounts were as follows: 2022 2021 Manchester Clty Counal Salford CCG Trafford Counal GMMH 63,060 15,QtXI 77,392 23,334 16,188 5.982 79,248 115,726 14 Corporatlon tax The charity is exempt from tsx on income and gains falling within Chapter 3 of Part 11 of the Corporauon Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Att 1992 to the extent that these are applied to its charitable objects. No tax tharge5 have arisen in the charfty. 15 Flxed assets: tanglble assets Property & Office Improvements equipment Fixtures & Fittings Website Total Cost At l April 2021 Additions 924,223 48,537 40,312 54.000 1,067,072 At 31 March 2022 924,223 48,537 40.312 $4.000 L,067,072 Depreclatlon At l Aprll 2021 Charge for the year 328,726 14,945 48,S37 40.311 16,200 10,800 433,774 25,745 At 31 March 2022 343,671 48,537 40,311 27,000 459,519 Il¢t book valy¢ At 31 March 2022 580.552 27,000 607,553 At 31 March 2021 595.497 37,800 633.298 Under hlstorlcal cost (previous valuation by the Board of Dirertor5) the depreciation charye for the lease would be £1,524 giving a net book value of £77,704 (2021: £79,228). 23
The Manchester Deaf Centre Limited Notes to.the accounts for the year ended 31 March 2022 (continued) 16 Investments 2022 2021 Market value at the start of the year Dlsposals at carrying value Add net galnl(1055) on revaluation 71.398 (58.724) 1,099 56.265 15,133 Market value at the end of the year 13,773 71,398 Investments at falr value comprlsed: CIS UK Income with Growth Trust IM CAF UK Equity Fund B Income COIF Charities Investment Fund 21,770 36,954 12.674 13,773 13,773 71.398 Investments are all carried at fair value and are all traded in quoted public markets. 17 Debtors 2022 2021 Trade debtors Prepayments and accrued income 23,341 30,571 84,564 31,052 53,912 115,616 18 Credltors: amounts fallln9 du* withln one year 2022 2021 Loan Futurebuilders Flrst Ark Trade credltors Other creditors and accruals Taxatlon and 50cial securtty tosts 11,763 10,823 31,851 13.439 5.035 7,800 9.028 37.257 20.764 4,409 72.911 79,258 24
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) 19 Deferred Income 2022 2021 Deferred grant brought forniard Grant received Released to income from charftable activities 10,000 (10,000) Deferred grant carrled forward 20 Credltors: amounts falllng after more than one year 2022 2021 Futurebuilders First Ark Co-op 44,969 13.778 42,013 60,441 18,934 50.000 100,760 129,375 Repayable after more than 5 years by Instalments 5,892 17.400 The loan from Futurebuilders (Soaal Enterprise Investment Fund) is repayable over 15 years wlth interest charyed at 6% for the first 3 years and no fflore than 5% over base for the remainder of the term. It is unsecured and does not attract early repayment penaltie5. The loan from Flrst Arl( Social Investment is repayable over 5 years with interest charyed at 7.5% APR. It Is unsecured and does not attrart early repayment penalties. The loan from Co-op Is repayable over 6 years wlth an interest charge of 2.5% per annum. No repayments were required for the first 12 months. 25
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) 21 Analysls of movements in restrfrted lunds Curr¢nt reporting Balan at period l Aprll 2021 Balan at 31 March 2022 Income Expenditu Transfers MDC Job Club Youth Fund (Young Manchester). Youth & Childrens Work Manthestèr Alllance Mental Health Postcode Lottery Goundwork UK OMCVS (Equalltles) Salford Innovation Fund Trafford CounclllPartnership NHS CCG 50+ Natlonal Lottery (Leaders wTrth Llved EXDerien) Eric Wright Fun Trafford Councll DSgltal BBC I Can 7.994 10,861 (7,994) (10.046) 815 3,027 (3.027) 3,280 6.667 2.855 66,472 13.280) 16.667) (25.S30) (83,652) 40.000 6.205 17.325 3,235 14,210 4,830 16,188 (19,108) 1,910 1.909 {1,909) (797) (12.336) (92) 51,114 3,795 42,573 7,349 3.564 39,856 11,880 19.729 22.799 (6.848) (3,564) (33.218) (109,721) (22.671) (33.448) 501 6,638 23,015 12.942) 120.856 Get On British Deaf Hlstory Socletv Young Manchester Trusted Charity Mark First Ark Cooperative and Mutual Solutions 16,285 (5.636) 18,522 (10,760) 7,762 20.000 20,000 8,692 6,732 (8.692) (3.364) 4,750 8.118 Lankelly Chase We Love Manthester GM Buslness Support Llmited Clnderella Fund The Conservation Volunteer5 GMCVO Community Champion5 Home MJrKhe5ter 5,000 3.000 2,498 [s,000) (3.000) (2.498) 2,492 1,350 .2.492 (1.350) 3,495 (3.190) 305 1,345 11.345) Total 313.361 232,919 (415,021) 488 131.747 26
The Manchester Deaf Centre Umited Notes to the accounts.for the year ended 31 March 2022 (continued) 21 Analysis of movements in r•strirted funds (conL} Prnvlous rnportsng Balance at l Apn"I 2020 Balan at 31 March 2021 Income Expenditu Transfer5 MDC Job Club Youth Fund (Young Manchester), Youth & Childrens Work Manchester Allian Mental Health Postcode Lottery Goundwork UK OMCVS (Equalities) FIt Ark Social Investment Salford Innovation Fund Heritage Lottwy Trafford Councll/Partnership Eumpean Social Fund/WEA Grant Schen NHS CCG Sooal Investment Business 50+ National Lottery (Leadets with Llved Ertc Wrlght Fund Trofford Council Digital Skills Grant LWICan WAITE pmject Get On Bntish Deaf Hlstory Society Young Manchester Fitst Ark Cooperatlve and Mutual Solutlons Limited Lankelly Chase We Love Manchester GM Busine55 Support Llmlted Cinderella Fund The Conservation Voluntee 7,994 10,861 8,088 5,000 (2.227) 2.526 501 3,027 3,280 6,667 2,954 10.200 3,280 6,667 2,855 40.000 (40,099) (10,200) 40,007 77,392 (50.927) 66.472 3,955 24,800 19.770 (29.578) (14.940) 823 4.830 3,159 6,673 (10.691) 859 1.909 1,625 1.909 (2,818) 1.193 1,000 (iii) 889 51,114 51.114 10,000 3,564 (2.651) 7.349 3,564 39,856 84,043 24.599 22.799 39,856 11,880 19,729 22,799 (72,163) (4.870) 21.925 19,359 8.750 (3,403) (10.667) (2.018) 18,522 6,732 5.000 3.000 2,498 3,000 2,498 2,492 1,350 2,492 1.350 Totsl 93,364 473,984 (246,662) (7,325) 313,361 27
The Manchester Deaf cent Limited Notes to the accounts for the year ended 31 March 2022 (continued) 21 Analyw ol movernents in restrlcted funds (¢onL) Name of restricted fund Descrlption. nature and purposes of the fund Job Club Funding from Uoyds TSB Foundation, the Big Lottery Fund - Reaching Communities and ManttÈ*r City Counol, to provide employment advice and sUPPOrt. Youth Fund (Young Funding for projert5 to enhaTr life skills, Youth Club and playschemes Manchester/DAVE). during sthool holidays Youth & Children Manchester AllIan Funding for the Wellbein9 project Mental Health Postcixle Lottery Funding for wellbeing linked to gardening project Groundwork UK Funding for wellbeing linked to gardening projert OMOIS (Equalitles) Funding In support of Manthester Deaf Centre'5 work with adults (through the Employment Servi1)0b aub, Wellbeing Group. Volunteer support and supeprfision} Salford Innovatlon Fund, Salford NHS CCG Grant to cover the c05t of developing a brand new servitr Intended to (l) increase the accessibility of and tske-up on health care services for hard of hearing and deaf people in Salford with a view to countering health inequallties; {li) open-up opportunlties of the deaf comrnunity'5 participation in continuing service development and improvement fora; and (iii) enable and promote self-advocacy and self-help. Trafford Advocacy support funding for hard of hearfng and deaf resSdents of Council/Partnershlp Trafford seeking to redress injustices In the system, better their day to day experien, broaden horizons and Improve their future life chances. NHS CCG Fundlng to add to the varlety of the Wellbeing Group's activity programme in promotion of wellbeing among hard of hearing. deaf, deafened and deaf blind adults from Manchester and GM more wldely. 50+/Pennington A grant to enable the 50 Plus Group's Commlttee to purchase a new Charitable Bequest laptop computer. stationery and training in first aid. food hygiene, health & safety and safeguarding with a view to increasing the efficiency of their adminlstrats've practlce and communications, extending their reach and influence on pollcy/amenity and service development, and continuing to ensure the safety of their near 100 benefioaries each week. National Lottery covering a prograrnme of profe55ional development, govemance and (Leaders with Lived leadership quality assurdntr work with the Board of Trustees, and the Experien) creation of a new Youth Board giving young hard of hearlngi Deaf and deafened atizens of Manchester and the surrounding areas (prospective trustees of the future) a Vol in strategic direttion-setting and decision- making 28
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) 21 Analysls of movements In restricted funds (cont.) Eric Wright Fund Funding from the Erlc Wright Charitable Trust has enobled stsff trainlng in safeguarding first aid and mental health first aid. also in advocacy and volunteer management. Manchester Deaf Centre volunteers have benefitted fmm trnining in ft)od hygiene too and, post-lockdownlcovid trirtions, we have more volunteer training planned in indusive community walk leadership and sports leadership; impact assessment, evaluation and improvement planning competencies. Trafford Councll Digital Skills Grant improvlng access to digitsl dev1 for HoHIDldeaf residents of Trafford cut-off by the pandemic and public/private sector transition to exclusive telephone and online services BBC I Can programmes of work growin9 aspiration. employment and )terprise adiness among HoHIDldeaf young people and building employers. capacity for HoHID/deaf indusion in parallel l a progression pathway. The ronner spans Manchester, Bolton, Salford and Trafford; the latter is centred on Manchester and open only to NE youn9 people aged 16-24. wAE projert Funding given by the National Lottery Community Fund's Reathing Communities Progrnmme enables Manchester Deaf Centre's delivery on wdlbeingi advocacy IAG, training, employment and enterprise support services acr055 Greater Manchester, each tsrgeted at hard of hearing, Deaf and deafened people acr055 the county - and provided in British Sign Language or with appropriate communication5 SUPPOrt to ensure that thev are fully accessible and indusive. Get On Glven by the Future Workforce Fund, adMinisted by the prin.$ Trust, our Get On grant is enabllng Deaf Centre delivery on a targeted programme of work for NEET (and hard of hearing. Deaf or deafened) young people from Bolton, Manchester, Salford, Stockport and Trafford - building their soaal and cultural awareness, confidence, skills for life and wor; providing employment. further education and trainlng insights through supported placements; and encouraging educationltraining providers and employers alike to grow their capacity for equitable Deaf indu51on for prospective employees of the future. British Deaf History funds to cover the salary and on-costs of their Museum Archlvlst and Soclety Curator. plus MDC'S provision of a HR function. MDC now host thelr Museum and this Is set to open in Septernber 2021 29
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) 21 Analysis of movements In restricted funds {conL) Young Manchester fvnds towards school holiday activtty programmes and universal youth swite provider5. capacity-building across the clty with a vlew to opening- up a range of additional opporturiitie5 for both Infonnal and accredited learning... . indoor and outdoor recreation. community participation and sooal action First Ark Social Investment covering the cost of (i) cpd coathing for MDC'S Flnance Officer and two courses: Charity Finance for Trustees and Finan for Non-Finance Directors: and (li) the creatlon of a community fvndrai5ing toolklt and dellvery of a 6-month activation pilot Cooperative and Mutual Solutions Llmited fvnding to establish a support 9roup for Deaf Ex-offenders Lankelly Chase helping set-up digitsl devio librnries for HoH/Dldeaf sIdents of Salford and Manchester We Love Manchester The Mayorfs Charity gifted Manchester Deaf Centre o grant to develop a digital devices library for hard of hearing, Deaf and deafened people in digital poverty and without means of accessing public service5 and amenities that transitioned their actlvity to intemet-only access during the height of the Covid pandemic- people that were cut-off. With people benefittlng fmm this provision, a series of Covid-safe Icr sklll-buildlng workshops were worked through. GM Buslness Support Limited Our Covid-19 Reeovery Grnnts prlmarily went towards (l) updating tlred external branding of our building, ensuring that it carried up to date information and contsct details, and way-finding arrows; and (11)" getting our Bar. events prograrnme and supporting volunteer5 back up and running to help start generating unrestrirted funds again. Cinderella Fund The Cinderella Fund grant gifted by the Charity Service is towards a residential weekend; an outdoor education programme for young people accessing our DAVE (Deaf Artive Volunteering Experlence) Group. Thls. has not yet been p05sible due to the Covid-19 pandemic; restrictions imposed on prospective providers of accommodation, artivity, instrurtion and PPE. and the limited availability of young people wlth which we work, lacking parent and carer confidence etc. The Conservation Volunteers Our work with The Conserrfation Volunteers is around the enrichrnent of thlldren and young people'5 learning on the environment and around blodiversity more specifically through outdoor arts and crafts. GMCVO Community Champions Fundlr¥g given by GMCVO Community Champlons Targeted Communications to help deliver improvements on breaking down communication balerS by havin9 workshops, creating accessible posters and vide05, and one to one support. 30
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) 22 Revaluatlon reserve 2022 2021 At l April 2021 Depreciation charge on revaluation 180.772 (3,476} 184,248 (3,476) At 31 March 2022 177,296 180.772 23 Analysis of rnovement in unr•stri¢t•d fund$ Current reportln9 Balan perlod at l Aprll 2021 Income and gains Expenditure and losses Asat31 March 2022 Transfers General fvnd Refurbishment fund 182.567 278,505 452.258 (503,673) (8,191) (488) 130,664 270,314 461.072 452,258 (511,864) (488) 400.978 Previous reportlng 8alance period at i Apnti 2020 Asat31 Mah 2021 Income ExpenLliture and gains and losses Transfe General fvnd 79,046 Refurbishment fund 286,696 434.847 (338,651) (8,191) 7.325 182,567 278,505 365,742 434.847 (346,842) 7.325 461.072 Name of unrestrirted fund Descriptlon, nature and purposes of th• fvnd General fund The general funds are represented by: 2022 2021 Net book value of lease Other general reserves 77,704 52,960 79,228 103.339 130,664 182,567 RefU1$hment fund Fund to cover depreciation costs associated with refvrbishing the building in 2010111 31
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (contlnued) 24 Analysls of net assets betw¢efft fund$ General fund Designated funds Revaluation reseNe Restricted funds Total Tanglble fixed assets 159,943 Fixed asset investments Net current assetsl(Ilabillties) Creditors of more than one year 270.314 177.296 607,553 13,773 13,773 57,708 131.747 189,455 (100,760) {100,760) Total 130,664 270.314 177,296 131,747 710,021 Prnvious reporting General fvnd De&qnated unds Revaluation Restricted funds Trtal Tongible fixed 174,021 278,505 180.772 633,298 Flxed asset investments Net current a55ets/(liabilitie5) credito of more than one year 71,398 71.398 66,523 313.361 379.884 (129,375) (129,375) Totsl 182,567 278.505 180,772 313,361 955,205 32
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 31 March 2022 (continued) 25 Flnanclal Instruments Flnancial instruments measured at amortised cost comprise the loarn financing provided by the Sodal Enterprise Investment Fund to the charlty. 2022 2021 Loan payable falling due within one year Loan payable falling due in more than one year but in le55 than five vear5 Loan payable falllng due after five year5 22,586 16,828 94,868 5,892 111,975 17,400 123,346 146,203 The loan from Futurebullders (Sodal Enterprise Investment Funo) is repayable over 15 years with interest charged at 60h for the first 3 years and no more than 5% over base ftlr the remainder of the tern. It is unsecured and does not attract earfy repayment penalties. The loan from First Ark Social Investrnent Is repayable over 5 years with Interest charyed at 7.5% APR. It Is unsecured and does not attrart early repayment penalties. The loan from Co-op is repayable over 6 years with an interest charge of 2.5% per annum. No repayments were required for the first 12 months. 33
The Manchester Deaf Centre Limited Notes to the accounts for the year ended 3 1 March 2022 (continued) 26 Reconclllatlon of net movement In funds to net cash flow from operating a¢tiviti¢$ 2022 2021 Net Income/{expenditure) for the year Adjustments for: Depreciation charge (Gains)Ilosses on investments Lossl{profit) on sale of Investments Dividends. interest and rents from investments Decreasel(increase) in stock Decreasel(Increase) in debtors InCreas[decreasej in credltors (245.184) 311,851 25,745 (1,099) (4,600) (1,986) (613) 61,704 {12,105) 25.745 (15,133) (248) 400 (73.501) 31.740 Net ush pr•vided by/(used in) operatlng (178,138) 280.854
The Manchester Deaf Centre Limited Statement of Financial Artivitles (including Income and Expenditure account) for the year ended 31 March 2021 Unrestrirted funds Restricted Totsl funds Total funds funds 2021 2020 Income from: Donatlons and legacles 154,654 154,654 5,175 Charltable actlvltles 222.972 473,984 696,956 404.430 Other trading activitles 41,840 41,840 48,041 Investments 248 1,643 Total Income 419.714 473,984 893.698 459.289 Exp•nd•tur¢ on: Ralslng funds 5,624 5,624 3.305 Charltable artivities 344,694 246,662 591,356 459,980 Total expenditure 350.318 246.662 596,980 463.285 Net Income/(expendlture) before net galns/{losses) on Investments 69.396 227.322 296,718 (3,996) Unreallsed gainsl(losses) on 15.133 15,133 (13,354) Net Income/(expenditure) for the year 84.529 227.322 311.851 (17.350) Transfer between funds 7,325 (7,325) Net movernent In funds for the year 91.854 219,997 311.851 (17.350) R¢conclllatlon of funds Total funds brought forward 549,990 93,364 643,354 660,704 Total funds carrled forward 641.844 313.361 955,205 643.354