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2023-03-31-accounts

REGISTERED CHARITY NUMBER: 1110373 COMPANY NUMBER: 5277257

The Manchester Deaf Centre Limited

Report and Financial Statements for the Year ended 31 March 2023

The Manchester Deaf Centre Limited

CONTENTS OF THE FINANCIAL STATEMENTS For the Year Ended 31[st] March 2023

Page Reference and Administrative Details 1 Report of the Trustees 2 - 7 Independent Examiner’s Report 8 Statement of Financial Activities 9 Balance Sheet 10 Statement of Cash flows 11 Notes to the Financial Statements 12 - 29

The Manchester Deaf Centre Limited Reference and administrative information For the year ended 31 March 2023

Company number 5277257
Charity number 1110373
Registered ofce & operatonal address Crawford House, Booth Street East, Manchester, M13 9GH
Trustees Trustees, who are also directors under company law, who served during the
year and up to the date of this report were as follows:
Alistair Wright
Pauline Roberts
Brian Kokoruwe
Shelley Lanchbury
Christne Wright
Claire Baldwin Vice-chair
John Wareham Chair
Michael Doyle Treasurer
Arbab Hussain (resigned 17 February 2023)
Company Secretary Mark Woodall
Claire Holland
Key management Personnel Mark Woodall Senior Manager
Claire Holland Senior Manager (appointed 21stFeb 2022)
Bankers Co-operatve Bank
PO Box 250
Delf House
Southway
Skelmersdale
WN8 6WT
Independent Examiner Leanne Nield ACA
Arc Accountancy Solutons Limited
51 Laverton Road
Lytham St. Annes
Lancashire
FY8 1EN

1

The Manchester Deaf Centre Limited Trustees annual report For the year ended 31 March 2023

Chair’s Annual Report, 2022-2023

Manchester Deaf Centre continued to create exceptional opportunities for all those that are part of and/or support the deaf/Deaf community in the last year!

Our employees and volunteers demonstrated their capacity to sustain our crucial support service delivery to some of the most vulnerable hard of hearing, Deaf, Deafblind, deafened and hearing citizens of Manchester and the surrounding areas, through various engagement provisions of information, advice and advocacy support for example; in the maintenance of wellbeing and skeleton employment, enterprise and youth services in small groups; and through carefully risk-managed home visits and community outreach work compliant with key worker guidelines.

We have supported the hearing community by delivering high quality Deaf Awareness and British Sign Language training so that they might be more inclusive and accessible, our BSL interpreter booking service, and our city centre-based room hire.

We continue to provide a range of activities for our beneficiaries and are encouraged by the much-needed opportunity to attend the centre again, where they can not only have their support needs met but also carry out activities and socialise with their peers.

Manchester Deaf Centre services are now fully back to operating face to face however, we still offer remote support for individuals who find this preferable.

I am proud of the many achievements that this report references, across each of our different services:

  1. Wellbeing, Advocacy, IAG, Training, Enterprise and Employment (WAITE)

  2. Children and Young People

  3. Our Courses and Interpreter Services

All delivered in British Sign Language or with the assistance of qualified, experienced and NRCPD-registered 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 challenges and without support from those that care about the activities we deliver; employees, volunteers, trustees and users of the Centre, we may not have been able to continue as an organisation.

There are 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 activities on our behalf, are doing their best to make sure no-one is left without someone or something to address their quality-of-life issues.

We will continue to work as hard as we can to ensure the Manchester Deaf Centre grows over the coming years.

John Wareham, Chair of Trustees, The Manchester Deaf Centre

2

The Manchester Deaf Centre Limited Trustees annual report For the year ended 31 March 2023

The trustees present their report and the audited financial statements for the year ended 31[st ] March 2023. Included within the trustee’s report is the Director’s report as required by company law. Reference and administrative information are set out on page 1 which forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Our History

The Manchester Deaf Institute was established in 1846, becoming the Manchester Deaf Centre (MDC) in 1990. MDC is the leading provider of services for deaf, deafened, hard of hearing and partial hearing people in Manchester and beyond and for those visiting Manchester to access hospitals and other services. MDC also has long established connections with other deaf centres and providers throughout the region.

Our services for deaf people which include: an employment service, youth service, community bar & cafe, volunteering scheme, Social 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 funded services.

We have a long history and understanding of meeting the needs of deaf/Deaf people through a variety of tailored services and methodologies. We are well placed for the provision of professional communication support services incorporating BSL (British Sign Language), (SSE) Sign Spoken English, Deaf-blind interpreters, Lip-speakers, Electronic Note-takers and SSTRs (Speech to Text Reporter).

MDC Services

Manchester Deaf Centre is at the heart of Greater Manchester’s D/deaf and hard of hearing community. We are a hub for inclusion, advocacy, accessibility, support, training and information. At MDC, we are proud to provide a range of services that support and empower the community of which we are part.

Our main service offerings are:

  1. Wellbeing, Advocacy, IAG, Training, Enterprise and Employment (WAITE)

  2. Children and Young People

  3. Our Courses and Interpreter Services

We are also proud to provide qualified and NRCPD-registered BSL/English Interpreters as means of breaking down access barriers between D/deaf and hearing people 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 Public Benefit

We delivered British Sign Language courses between April 2022 and March 2023.

Through the year, we delivered:

3

The Manchester Deaf Centre Limited Trustees annual report For the year ended 31 March 2023

Governance, People and Operations

The trustees review the aims, objectives and activities of the charity each year.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

Governing 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 Manchester Deaf Centre. The Deaf Centre moved from Grosvenor Street in 1975 to its present premises in Crawford House, Booth Street East. The Deaf Centre became an incorporated charity on 3 October 2005, having previously been an unincorporated charity no. 221247. The Deaf Centre is governed by Memorandum and Articles of Association.

We have reviewed our governing document and intend to become a Charitable Incorporated Organisation in 2023.

Company status

The company is limited by guarantee and all members have agreed to contribute a sum not exceeding £10 in the event of a winding-up.

Governance

Our organisation is proudly governed by a diverse Board of Trustees who are predominantly from the Deaf/deaf/deafened/hard of hearing community. Allied with the skills of deaf staff members with which we work, their experiences of work and life make for authentic, grounded direction respectful of and responsive to need across the hard of hearing, D/deaf and deaf blind communities of Manchester and the wider city region. Theirs is a shared job of leading organisational 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 Deaf/deaf/deafened /hard of hearing. The Trustees bring invaluable lived experience to their work and help with strategic direction-setting, service and operational oversight, financial management and the assurance of legal compliance. Around the table, we have expertise from a range of professionals to help galvanise the Board for the future challenges and opportunities to which the organisation must respond to the groups of interest and social identity we serve, right across Greater Manchester’s hard of hearing, D/deaf and deafened community, continue to plot a forward path to brighter futures.

Staffing

Manchester Deaf Centre employed 24 staff this year, our BSL/CPD provision, specialist advocacy teams, and Children & Young People’s Service teams seeing particular growth.

Over the course of the year, we enjoyed a number of successes in grant applications as reflected elsewhere in these accounts. Bolstering our staff team also enabled our pursuit of new contracts to diversify the income streams with which Manchester Deaf Centre works.

4

The Manchester Deaf Centre Limited Trustees annual report For the year ended 31 March 2023

Our success has led to engaging additional staff and volunteers to ensure a safe and exciting delivery of activities.

The Chair of Trustees and Senior Managers continue to have opportunities of learning exchange, professional and personal support and ensure the organisation is well managed. This has been a fruitful process, with additional members of staff stepping up to leadership roles over the year, well done!

Volunteers

We are especially grateful for the many volunteers sticking by and continuing to support our organisation when many faced very challenging situations of their own, uncertainty over employment, anxiety caused by restrictions on caring for family members and so on, we were and remain hugely grateful. This gave the Deaf Centres’ Board and management team great encouragement and provided reason for great pride. Here again we would like to reiterate our thanks!

A further positive that presented before the year was out, was Manchester City Council’s confirmation of OMVCS funding. The organisation and delivery of training and work plans; the administration of recognition and reward schemes; and the mapping-out of progression opportunities whenever the time to move on or need of moving on comes is truly supported by this well received grant funding.

We continue to provide support, through a volunteer co-ordinator, to quality assured experiences, increase MDC’s volunteer retention rates and the return realised on our investment of time and money in supervision and training.

We were awarded “Spirit of Manchester” award for involving service users. The awards are organised by MACC – Manchester’s local voluntary and community support organisation.

Partnership working

Through the year, we took the opportunity of representing hard of hearing, D/deaf and deafened citizens of the city and surrounding areas on a number of public service and policy groups, hopeful of influencing and informing change to level things up for a cohort too often cut-out or forgotten hence the disproportionately poor outcomes too often realised in all areas of life outcomes such as education, employment, health and housing.

Ensuring that hard of hearing, D/deaf and deafened people have a voice in decision-making around the city. This is very important of course if we are to play our part in ensuring that hard of hearing, D/deaf and deafened people can move freely in and out of services and systems, enjoy good healthcare and leisure opportunities, access and interact with the public realm and local amenities on an equitable basis. However, the landscape-shaping to the detriment of organisational wellbeing and core service impact is a risk we have continued to guard against.

In partnership with others, we engaged in a D/deaf needs analysis, this has either confirmed what we already knew or identified new issues that require our support. This has led to the development of a new business plan for MDC to ensure we prioritise our actions on the most vulnerable in our society.

5

The Manchester Deaf Centre Limited Trustees annual report For the year ended 31 March 2023

Financial review

In the year reserves totals £537,436. This is broken down by the following:

Pensions

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 clearing the membership cessation charge triggered on the leaving of a staff member from the organisation in Autumn 2019.

Grants

MDC continues to apply for grant funding and to pursue additional contracts. We have revised our business plan and the Board and staff are unified on the importance of sustaining our service provision and forging ahead. We are hopeful that hard of hearing, D/deaf and deafened people can work with us to shape and execute our plans and a Needs Analysis, working in partnership with others, has been completed.

Reserves policy

The Board of Trustees has 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 £200,000 covering staff and general running costs). Work towards this target is on-going.

Risk management

The charity trustees have given consideration to the major risks to which the charity is exposed and satisfied themselves that systems or procedures are established in order to manage those risks.

In summary

This year has been a very successful one for Manchester Deaf Centre, we found ways of doing things differently and assisting in people’s hour of need; we continued to provide a sustained service provision to as full an extent as possible and performed our utmost for those we are here to serve.

The hard of hearing, D/deaf and deafened communities we serve will need our organisation’s support more than ever to ensure that their needs are addressed, provide positive traction as the wider economy and bigger picture society strive to put their pieces together again.

We continue to be well-placed to help working age adults recover mental and physical health, financial stability, career and/or enterprise planning. We continue to ensure that we make our services at MDC accessible where we reach out creatively and with compassion. Our starting point for every encounter and intervention, no matter whether we are speaking with children and young people, long distanced from their friends or older people isolated, afraid and in poor health, is that we must adapt and innovate within the financial constraints that we have.

We will work and take inspiration from all those that have gone before us and worked so hard to develop a responsive organisation impacting so positively on the lives of so many!

6

The Manchester Deaf Centre Limited Trustees annual report For the year ended 31 March 2023

Statement of responsibilities of the trustees

The trustees (who are also Directors of The Manchester Deaf Centre for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements 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 these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies 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.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime of the Companies Act 2006.

The trustees’ annual report has been approved by the trustees on …………………… and signed on their behalf by:

John Wareham

Chair

7

Independent examiner’s report To the trustees of Manchester Deaf Centre

I report to the charity trustees on my examination of the accounts of The Manchester Deaf Centre Limited for the year ended 31[st ] March 2023 which are set out on pages 7 – 29.

Responsibilities and basis of report

As the Charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of the Institute of Chartered Accountants in England and Wales (ICAEW) which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in accordance with section 386 of the Companies Act 2006; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 not been prepared in accordance with the Charities SORP (FRS102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Leanne Nield ACA Arc Accountancy Solutions Limited 51 Laverton Road Lytham St. Annes Lancashire FY8 1EN

Date: ........................................

8

The Manchester Deaf Centre Limited Statement of Financial Activities For the year ended 31 March 2023

Note
Income from:
Donatons and legacies
3
Charitable actvites
4
Other trading actvites
5
Investments
6
Total income
Expenditure on:
Raising funds
7
Charitable actvites
8
Total expenditure
Net income/(expenditure) before
net gains/(losses) on investments
Net income/(expenditure) on
investments
Unrealised gains/(losses) on
investments
16
Net income/(expenditure) for the
year
Transfer between funds
Net movement in funds for the
year
Reconciliaton of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
£
3,148
482,009
57,184
256
542,597
4,615
530,409
535,024
7,573
(6,299)
2,661
3,935
4,511
8,446
340,599
349,045		 Restricted
funds
£
-
297,162
-
-
297,162
334
218,321
218,655
78,507
-
-
78,507
(4,511)
73,996
114,422
188,418		 Total funds
2023
£
3,148
779,171
57,184
256
839,759
4,949
748,730
753,679
86,080
(6,299)
2,661
82,442
-
82,442
455,021
537,463		 Restated
Total
funds
2022
£*
11,445
619,735
46,312
1,986
679,478
8,764
916,597
925,361
(245,883)
4,600
1,099
(240,184)
-
(240,184)
695,205
455,021

* see note 2 for prior year adjustment details

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

9

The Manchester Deaf Centre Limited Balance Sheet

as at 31 March 2023

Note
Fixed Assets
Tangible assets
15
Investments
16
Total fxed assets
Current assets
Stock
Debtors
17
Cash at bank and in hand
Total current assets
Liabilites
Creditors: amounts falling due in
less than one year
18
Net current assets
Total assets less current liabilites
Creditors: amounts falling due afer
more than one year
19
Net assets
The funds of the charity:
Restricted income funds
20
Unrestricted income funds
General fund
21
Refurbishment General fund
21
Total charity funds		 2023
£
£
333,247
-
333,247
396
137,412
206,511
344,319
(80,053)
264,266
597,513
(60,050)
537,463
188,418
86,922
262,123
537,463		 Restated 2022
£
£
352,553
13,773
366,326
613
53,912
207,841
262,366
(72,911)
189,455
555,781
(100,760)
455,021
114,422
70,285
270,314
455,021*		 Restated 2022
£
£
352,553
13,773
366,326
613
53,912
207,841
262,366
(72,911)
189,455
555,781
(100,760)
455,021
114,422
70,285
270,314
455,021*
366,326
189,455
555,781
(100,760)
455,021
114,422
70,285
270,314
455,021

* see note 2 for prior year adjustment details

For the year in question, the company was entitled to exemption from an audit under Section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These accounts are prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the company.

The notes on pages 12 to 29 form part of these accounts.

Approved by the trustees on ……………………………….. and signed on their behalf by:

……………………………………………. Michael Doyle (Treasurer)

10

The Manchester Deaf Centre Limited Statement of Cash Flows For the year ended 31 March 2023

Not
e
Cash provided by/(used in) operatng actvites
24
Cash fows from investng actvites:
Dividends, interest and rents from investments
Purchase of tangible fxed assets
Proceeds from the sale of investments
Cash provided by/(used in) investng actvites
Cash fows from fnancing actvites:
Repayment of borrowing
Cash infows from new borrowing
Cash provided by/(used in) fnancing actvites
Increase/(decrease) in cash and cash equivalents in the
year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2023
£
20,826
256
(2,159)
16,434
14,531
(36,687)
-
(36,687)
(1,330)
207,841
206,511		 2022
£
(178,138)
1,986
-
63,324
65,310
(22,857)
-
(22,857)
(135,685)
343,526
207,841

11

The Manchester Deaf Centre Limited Notes to the accounts For the year ended 31 March 2023

1. Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

a Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Statement 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 Accepted Accounting Practice.

b Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. The trustees have made no key judgements which have a significant effect on the accounts.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next reporting period.

c Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probably that the income will be received and the amount can be measured reliably and is not deferred.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

d Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated 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 accordance with the Charities SORP (FRS 102), general volunteer time is not recognised; refer to the tutees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

12

The Manchester Deaf Centre Limited Notes to the accounts For the year ended 31 March 2023

1. Accounting policies (continued)

e Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

f Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.

Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work of for specific projects being undertaken by the charity.

g Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation 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 is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h Operating leases

Operating leases are leases in which the title to the assets, and the substantial risks and rewards of ownership, remain with the lessor. Given the title of the Deaf Centre property, along with the substantial risks and rewards of ownership, remain with the Manchester University, this property lease is classified as an operating lease. Rental charges are charged on a straight-line basis over the term of the lease, at an annual rent of £nil. A service charge is payable to the university. A sum of £12,500 was paid in 1974 and expensed as a direct upfront cost. Given a £nil annual rent, no future minimum lease payments are to be disclosed.

i Tangible fixed assets

Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows:

Asset Category Annual rate
Propertylease Period of lease to 24.06.2074
Ofce furniture & equipment 5years
Computer equipment 3years
Website 5years
Propertyimprovements Period of lease to 24.06.2074

The trustees reviewed the estimated useful life of the property improvements in 2014 and were of the opinion that this should be over the period of the lease (60 years) rather than 10 years as previously estimated.

13

The Manchester Deaf Centre Limited Notes to the accounts

For the year ended 31 March 2023

1 Accounting policies (continued)

j Fixed asset investments

Investments are a form of basic financial instrument and are initially recognised 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 disposals throughout the year.

The Charity does not acquire put options, derivatives or other complex financial instruments. The main form of financial risk faced by the Charity is that of volatility in equity markets and investment markets due to wider economic conditions, the at ude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

k Stock

Stock is included at the lower of cost or net realisable value. In general, cost is determined on a first in, first out basis. Net realisable value is the price at which 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 fair value which is the amount the charity would have been willing to pay for the items on the open market.

l Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade deposit or similar account.

m 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 deposit or similar account.

n Creditors and provision

Creditors and provisions are recognised where the charity has a present obligation 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 obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

o Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

p Pensions

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme with NEST. The charity’s contribution to this scheme were £5,620 (2022: £5,620). There were £nil (2022: £nil) outstanding contributions at the year end.

14

The Manchester Deaf Centre Limited Notes to the accounts

For the year ended 31 March 2023

1 Accounting policies (continued)

MDC’s membership has ceased with the Greater Manchester Pension Fund and both share capital. In the event of the charity being wound up, the liabilities in respect of the guaranteed is limited to £1 per member of the charity. The registered office address is disclosed on page 1.

q Legal status of the charity

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 £10 per member of the charity. The registered office address is disclosed on page 1.

2. Prior year adjustment (PYA) of 2021-22 figures

Prior year adjustment for the reclassification of OMCVS funding from restricted to unrestricted

Previous annual accounts have recorded the funding received from Our Manchester CVS (OMCVS) as restricted income, restricted to be spent on providing services to the adult deaf community. However, the grant applications in more recent years have clearly requested funds for general core services of the charity, rather than for a restricted purpose. Therefore, a prior year adjustment has been made to reallocate the OMCVS funds from restricted to unrestricted funds. The 2022 OMCVS fund had a 2021 brought forward reserves balance of £2,855, income of £40,000, expenditure of £25,530, with a closing 2022 fund balance of £17,325.

The table below summarises the effect of this prior year adjustment on the 2021-22 comparative figures:

2021-22
unrestricted
as
previously
stated		 2021-22
restricted
as
previously
stated		 2021-22 PYA
Unrestricted		 2021-22
PYA
Restricted		 2021-22
unrestricte
d restated		 2021-22
restricted
restated		 2021-22
total as
restated
£ £ £ £ £ £ £
Statement of Financial Actvites
Donatons and legacies 11,445 11,445 11,445
Charitable actvites 386,816 232,919 40,000 (40,000) 426,816 192,919 619,735
Other tradingactvites 46,312 46,312 46,312
Investments 1,986 1,986 1,986
Total income 446,559 232,919 40,000 (40,000) 486,559 192,919 679,478
Expenditure on:
-
Raisingfunds		 8,764 8,764 8,764 8,764
-
Charitable actvites		 506,576 415,021 25,530 (25,530) 532,106 389,491 921,597
Total expenditure 515,340 415,021 25,530 (25,530) 540,870 389,491 930,361
Net loss for theyear (63,082) (182,102) 14,470 (14,470) (48,612) (196,572) (245,184)
Total funds brought forward 641,844 313,361 2,855 (2,855) 644,699 310,506 966,205
Total funds carried forward 578,274 131,747 17,325 (17,325) 595,599 114,422 710,021

15

The Manchester Deaf Centre Limited Notes to the accounts For the year ended 31 March 2023

2 Prior year adjustment (PYA) of 2021-22 figures (continued)

Prior year adjustment for the reversal of the leasehold property revaluation

During the year, the trustees have determined that the property lease has been previously incorrectly accounted for. Historically this property lease has been accounted for as Property, Plant & Equipment using the revaluation model. In the year, the trustees have determined that the correct classification for the lease is an operating lease given the title of the Deaf Centre property, along with the substantial risks and rewards of ownership, remain with the Manchester University. Therefore, a prior year adjustment to tangible fixed assets, the revaluation reserve and the SOFA for the prior year depreciation charge is required.

In the 2022 accounts, the leasehold property had a revalued figure stated of £330,000, accumulated depreciation of £75,000 (NBV of £255,000), with £177,296 held in the revaluation reserve and £77,704 held in the unrestricted general fund. The annual depreciation charge on the revalued leasehold property was £5,000.

The table below summarises the effects of this prior year adjustment on the 2021-22 comparative figures:

2021-22 as
previously
stated		 Prior year
adjustment
(leasehold) to
unrestricted
funds		 Prior year
adjustment
(OMCVS fund
reclassifcaton)		 2021-22 as
restated
Statement of Financial Actvites £ £ £ £
Total income 679,478 679,478
Expenditure on:
-
Raisingfunds		 8,764 8,764
-
Charitable actvites		 921,597 (5,000) 916,597
Total expenditure 930,361 (5,000) 925,361
Net loss for theyear (245,184) 5,000 (240,184)
Total funds brought forward 955,205 (260,000) 695,205
Total funds carried forward 710,021 (255,000) 455,021
Balance Sheet £ £ £ £
Tangible fxed asset 607,553 (255,000) 352,553
Investments 13,773 13,773
Current assets 262,366 262,366
Liabilites falling due less than one
year		 72,911 72,911
Liabilites falling due greater than
oneyear		 100,760 100,760
Net assets 710,021 (255,000) 455,021
Restricted income funds 131,747 (17,325) 114,422
Revaluaton reserve 177,296 (177,296) -
Unrestricted funds
-
General fund		 130,664 (77,704) 17,325 70,285
-
Refurbishment fund		 270,314 270,314
Total charity funds 710,021 (255,000) - 455,021

16

The Manchester Deaf Centre Limited Notes to the accounts For the year ended 31 March 2023

2 Prior year adjustment (PYA) of 2021-22 figures (continued)

The effect of this prior year adjustment to the 2021-22 leasehold property class (note 15) is as follows:

2021-22 as
previously
stated		 Prior year
adjustment		 2021-22 as
restated
£ £ £
Leasehold property
Cost at 1 April 2021 924,223 924,223
Cost at 31 March 2022 924,223 (330,000) 594,223
Depreciaton at 1 April 2021 328,726 (70,000) 258,726
Charge in theyear 14,945 (5,000) 9,945
Depreciaton at 31 March 2022 343,671 (75,000) 268,671
NBV at 31 March 2022 580,552 (255,000) 325,552*

* No leasehold property is now included in this NBV. This is entirely made up of the leasehold property improvements.

3 Income from donations and legacies

Donatons
egacies
Total
All donatons and legacies income is unrestricted.		 2023
£
3,148
-
3,148		 2022
£
11,445
-
11,445

4 Income from charitable activities

Current reporting period:

Grants
Accredited and non-accredited courses
nterpreter services
Other charitable services
Total		 Unrestricted
£
52,550
94,255
321,712
13,492
482,009		 Restricted
£
297,024
(75)
213
-
297,162		 Total 2023
£
349,574
94,180
321,925
13,492
779,171

17

The Manchester Deaf Centre Limited Notes to the accounts

For the year ended 31 March 2023

4 Income from charitable activities (continued)

Previous reporting period:

Grants
Course fees & other charitable income
Communicaton Support Services - Fees
Total		 Unrestricted
£
49,268
90,457
287,091
426,816*		 Restricted
£
192,919
-
-
192,919*		 Total 2022
£
242,187
90,457
287,091
619,735

* Prior reporting period has been restated by £40,000 between restricted and restricted funds. See note 2 for prior year adjustment details.

5 Income from other trading activities

Room Hire
Bar and Café Sales
Total		 2023
£
53,450
3,734
57,184		 2022
£
41,766
4,546
46,312

All income from other trading activities in the current and prior year is unrestricted.

6 Investment income

Income from bank deposits and dividends
Total		 2023
£
256
256		 2022
£
1,986
1,986

All investment income in the current and prior year is unrestricted.

7 Cost of raising funds

Administraton
Cost of goods sold
Total		 Unrestricted
2023
£
3,228
1,387
4,615		 Restricted
2023
£
334
-
334		 2023
£
3,562
1,387
4,949		 2022
£
7,483
1,281
8,764

All expenditure on cost of raising funds in the prior year was unrestricted.

18

The Manchester Deaf Centre Limited Notes to the accounts For the year ended 31 March 2023

8 Analysis of expenditure on charitable activities

Current reporting period:

Staf costs
Contractors
Premises
Administraton
Project costs
Depreciaton
Governance costs (see note 9)		 MDC Core
work
(including
core grants
and
courses)
£
139,202
40,518
36,669
20,614
78
21,465
7,868
266,414		 Grant funded
projects
(previously
known as:
MDC
Projects)
£
110,284
10,513
2,062
19,848
52,526
-
23,088
218,321		 Interpreter
Services
(previously
known as: CSS -
Communicaton
Support
Services)
£
14,325
249,106
-
564
-
-
-
263,995		 Total 2023
£
263,811
300,137
38,731
41,026
52,604
21,465
30,956
748,730

Previous reporting period:

Staf costs
Contractors
Bad debt writen of/(back)
Premises
Administraton
Project costs
Depreciaton*
Governance costs (see note 9)
Restricted expenditure
Unrestricted expenditure		 MDC
£
171,542
28,046
-
67,438
79,913
6,430
25,745
16,448
395,562*		 MDC Projects
£
195,071
27,366
-
10,342
27,346
42,507
-
-
302,632		 CSS
(Communica
ton Support
Services)
£
7,976
215,113
-
-
314
-
-
-
223,403
2023
£
218,321
530,409
748,730		 Total 2022
£*
374,589
270,525
-
77,780
107,573
48,937
25,745
16,448		 Total 2022
£*
374,589
270,525
-
77,780
107,573
48,937
25,745
16,448
921,597
2022
£*
389,491
527,106
921,597

19

The Manchester Deaf Centre Limited Notes to the accounts

For the year ended 31 March 2023

9 Analysis of governance

Trustee and AGM expenses
Accountancy and independent examinaton
Legal and professional
Total		 Unrestricted
2023
£
-
5,675
2,193
7,868		 Restricted
2023
£
-
-
23,088
23,088		 2023
£
-
5,676
25,280
30,956		 2022
£
8,571
6,056
1,821
16,448

10 Details of certain types of expenditure

Fees for examinaton of the accounts: Restated
2023 2022
£ £
Independent examiner’s fee
- Accountancy 2,510 1,575
- Independent examinaton 1,600 1,050
- Other 51 2,070

11 Staff costs

Staff costs during the year were as follows:

Wages and salaries
Social security costs
Pension costs		 2023
£
249,053
10,549
4,210
263,811		 2022
£
350,245
18,723
5,621
374,589

No employee has employee benefits in excess of £60,000 (2022: NIL).

The average number of staff employed during the period was 18 (2022: 23).

The key management personnel of the charity comprise the Trustees and two Senior Managers (2022: the Trustees, Centre Manager and two Senior Managers).

The total employee benefits of the key management personnel of the charity were £56,813 (2022: £44,085).

20

For the year ended 31 March 2023

The Manchester Deaf Centre Limited Notes to the accounts

12 Trustee remuneration and expenses, and related party transactions

Neither the Board of Trustees nor any persons connected with them received any remuneration or reimbursed expenses during the year (2022: NIL).

One member of the Board of Trustees received travel and subsistence expenses during the year of £39 (2022: £187).

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2022: NIL).

13 Government grants

The government grants recognised in the accounts received from statutory agencies were as follows:

Manchester City Council
Salford CVS
Traford Council
GMMH		 2023
£
184,556
2,750
15,000
2,949
205,255		 2022
£
63,060
-
16,188
5,982
79,248

14 Corporation tax

The charity is exempt from tax on income and gains failing within Chapter 3 of Part 11 of the Corporation Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

15 Fixed assets: tangible assets

Fixed assets: tangible assets
Leasehold
improvements*		 Ofce
equipment		 Fixtures
& ftngs		 Websit
e		 Total
Cost £ £ £ £ £
At 1 April 2022 594,223 48,538 40,312 54,000 737,072
Additons - 2,159 - - 2,159
At 31 March 2023 594,223 50,697 40,312 54,000 739,232
Depreciaton
At 1 April 2022 268,671 48,538 40,311 27,000 384,520
Charge for theyear 9,945 720 - 10,800 21,465
At 31 March 2023 278,616 49,258 40,311 37,800 405,985
NBV at 31 March 2023 315,607 1,439 1 16,200 333,247
NBV at 31 March 2022 325,552 - 1 27,000 352,552

* Brought forward cost and depreciation has been restated for leasehold property. See note 2 for prior year adjustment details.

21

The Manchester Deaf Centre Limited Notes to the accounts

For the year ended 31 March 2023

16 Investments

Market value at the start of the year
Disposals at carrying value
Add net gain/(loss) on revaluaton
Investments at fair value comprised:
COIF Charites Investment Fund		 2023
£
13,773
(16,434)
2,661
-
-
-		 2022
£
71,398
(58,724)
1,099
13,773
13,773
13,773

Investments are all carried at fair value and are all traded in quoted public markets.

17 Debtors

Trade debtors
Prepayments and accrued income		 2023
£
37,965
99,447
137,412		 2022
£
23,341
30,571
53,912

18 Creditors: amounts falling due within one year

Loan
-
Futurebuilders
-
First Ark
-
Co-op
Trade creditors
Other creditors and accruals
Taxaton and social security costs		 2023
£
12,967
9,999
9,942
26,292
15,571
5,282
80,053		 2022
£
11,763
10,823
-
31,851
13,439
5,035
72,911

19 Creditors: amounts falling due after more than one year

Loan
-
Futurebuilders
-
First Ark
-
Co-op
Repayable afer more than 5 years by instalments		 2023
£
31,524
5,310
23,216
60,050
-		 2022
£
44,969
13,778
42,013
100,760
5,892

22

The Manchester Deaf Centre Limited Notes to the accounts

For the year ended 31 March 2023

19 Creditors: amounts falling due after more than one year (continued)

The loan from Futurebuilders (Social Enterprise Investment Fund) is repayable over 15 years with interest charged at 6% for the first 3 years and no more than 5% over base for the remainder of the term. It is unsecured and does not attract early repayment penalties.

The loan from First Ark Social Investment is repayable over 5 years with interest charges at 7.5% APR. It is unsecured and does not attract 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.

20 Analysis of movements in restricted funds

Current reporting period

Trusted Charity Mark
Inclusion
Natonal Lotery
(Leaders with Lived Experience)
Cinderella Fund
CYPS
Youth Fund (Young
Manchester), Youth & Childrens
Work
Get On
BBC I Can Project
Young Manchester
DASA
Jubilee – Forever Manchester
Salford Innovaton
Salford Trusted Voices
Traford Council/Partnership
GMCVO Community
Cooperatve and Mutual
Solutons Limited
Eric Wright Fund
WAITE project		 Balance at 1
April 2022
£
20,000
-
42,573
2,492
-
815
(2,942)
6,638
7,762
-
-
3,235
-
1,910
305
8,118
501
23,015
114,422*		 Income
£
20,000
3,000
-
-
66,453
3,711
-
39,780
-
30,000
10,000
-
2,500
15,000
-
214
-
106,504
297,162		 Expenditure
£
(33,177)
-
(17,161)
-
(150)
-
-
(43,939)
-
(7,852)
(2,372)
(3,940)
-
(12,205)
(305)
(3,211)
(17)
(94,326)
(218,655)		 Transfers
£
(3,187)
-
-
(2,492)
-
-
2,942
(2,479)
-
-
-
705
-
-
-
-
-
-
(4,511)		 Balance at
31 March
2023
£
3,636
3,000
25,412
-
66,303
4,526
-
-
7,762
22,148
7,628
-
2,500
4,705
-
5,121
484
35,193
188,418

* Brought forward restricted funds has been restated. See note 2 for prior year adjustment details.

23

The Manchester Deaf Centre Limited Notes to the accounts

For the year ended 31 March 2023

20 Analysis of movements in restricted funds (continued)

Previous reporting period (restated)

Job Club
Youth Fund (Young
Manchester), Youth &
Childrens Work
Manchester Alliance Mental
Health
Postcode Lotery
Groundwork UK
Salford Innovaton Fund
Traford Council/Partnership
NHS CCG
50+
Natonal Lotery (Leaders with
Lived Experience)
Eric Wright Fund
Traford Council Digital
BBC I Can
WAITE project
Get On
Britsh Deaf History Society
Young Manchester
Trusted Charity Mark
First Ark
Cooperatve and Mutual
Solutons Limited
Lankelly Chase
We Love Manchester
GM Business Support Limited
Cinderella Fund
The Conversaton Volunteers
GMCVO Community Champions
Home Manchester		 Balance at 1
April 2021
£
7,994
10,861
3,027
3,280
6,667
66,472
4,830
1,909
889
51,114
7,349
3,564
39,856
11,880
19,729
22,799
18,522
18,522
8,692
6,732
5,000
3,000
2,498
2,492
1,350
-
-
310,506*		 Income
£
-
-
-
-
-
6,205
16,188
-
-
3,795
-
-
-
20,856
-
16,285
-
20,000
-
4,750
-
-
-
-
-
3,495
1,345
192,919*		 Expenditure
*
£
-
(10,046)
(3,027)
(3,280)
(6,667)
(83,652)
(19,108)
(1,909)
(797)
(12,336)
(6,848)
(3,564)
(33,218)
(109,721)
(22,671)
(33,448)
(10,760)
-
(8,692)
(3,364)
(5,000)
(3,000)
(2,498)
-
(1,350)
(3,190)
(1,345)
(389,491)**		 Transfers
£
(7,994)
-
-
-
-
14,210
-
-
(92)
-
-
-
-
-
-
(5,636)
-
-
-
-
-
-
-
-
-
-
-
488		 Balance at
31 March
2022
£*
-
815
-
-
-
3,235
1,910
-
-
42,573
501
-
6,638
23,015
(2,942)
-
7,762
20,000
-
8,118
-
-
-
2,492
-
305
-
114,422

* Comparative restricted funds have been restated. See note 2 for prior year adjustment details.

24

The Manchester Deaf Centre Limited Notes to the accounts For the year ended 31 March 2023

20 Analysis of movements in restricted funds (continued)

Name of restricted
fund		 Descripton, nature andpurposes of the fund
Job Club Funding from Lloyds TSB Foundaton, the Big Lotery Fund – Reaching Communites
and Manchester CityCouncil,toprovide employment advice and support.
Youth Fund (Young
Manchester/DAVE),
Youth & Children		 Funding for projects to enhance life skills, Youth Club and playschemes during
school holidays.
Manchester Alliance
Mental Health		 Funding for the Wellbeing project.
Postcode Lotery &
Groundwork UK		 Funding for wellbeing linked to gardening project
Salford Innovaton
Fund, Salford NHS CCG		 Grant to cover the cost of developing a brand new service intended to (i) increase
the accessibility of and take-up health care services for hard of hearing and deaf
people in Salford with a view to countering health inequalites; (ii) open-up
opportunites of the deaf community’s partcipaton in contnuing service
development and improvement fora; and (iii) enable and promote self-advocacy and
self-help.
Traford
Council/Partnership		 Advocacy support funding for hard of hearing and deaf residents of Traford seeking
to redress injustces in the system, beter their day-to-day experiences, broaden
horizons and improve their future life chances.
NHS CCG Funding to add to the variety of the Wellbeing Group’s actvity programme in
promoton of wellbeing among hard of hearing, deaf, deafened and deaf blind
adults from Manchester and GM more widely.
50+/Pennington
Charitable Bequest		 A grant to enable the 50 Plus Group’s Commitee to purchase a new Laptop
computer, statonery and training in frst aid, food hygiene, health & safety and
safeguarding with a view to increasing the efciency of their administratve practce
and communicatons, extending their reach and infuence on policy/amenity and
service development, and contnuing to ensure the safety of their near 100
benefciaries each week.
Natonal Lotery
(Leaders with Lived
Experience)		 Covering a programme of professional development, governance and leadership
quality assurance work with the Board of Trustees, and the creaton of a new Youth
Board giving young hard of hearing, Deaf and deafened citzens of Manchester and
the surrounding areas (prospectve trustees of the future) a voice in strategic
directon-setngand decision making.
Eric Wright Fund Funding from the Eric Wright Charitable Trust has enabled staf training in
safeguarding, frst aid and mental health frst aid; also in advocacy and volunteer
management. Manchester Deaf Centre volunteers have benefted from training in
food hygiene too and, post-lockdown/covid restrictons, we have more volunteer
training planned – inclusive community walk leadership and sports leadership;
impact assessment evaluaton and improvementplanningcompetencies.
Traford Council Digital
Skills Grant		 Improving access to digital devices for HoH/D/deaf residents of Traford cut-of by
the pandemic and public/private sector transiton to exclusive telephone and online
services.
BBC I Can Programmes of work growing aspiraton, employment and enterprise readiness
among HoH/D/deaf young people and building employers’ capacity for HoH/D/deaf
inclusion in parallel/a progression pathway. The former spans Manchester, Bolton,
Salford and Traford; the later is centred on Manchester and openly only to NEET
young people aged 16-24.

25

The Manchester Deaf Centre Limited Notes to the accounts For the year ended 31 March 2023

20 Analysis of movements in restricted funds (continued)

WAITE project Funding given by the Natonal Lotery Community Fund’s Reaching Communites
Programme enables Manchester Deaf Centre’s delivery on wellbeing, advocacy, IAG,
training, employment and social services across Greater Manchester, each targeted
a hard of hearing, deaf and deafened people across the country – and provided in
Britsh Sign Language to ensure the Sign Language or with appropriate
communicatons support to ensure that theyare fullyaccessible and inclusive.
Get On Given by the Future Workforce Fund, administrated by the Prince’s Trust, our Get
on grant is enabling 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 Traford – building their social and cultural awareness,
confdence, skills for life and work; providing employment, further educaton and
training insights through supported placements; and encouraging
educaton/training providers and employers alike to grow their capacity for
equitable Deaf inclusion forprospectve employees of the future.
Britsh Deaf History
Society		 Funds to cover the salary and on-costs of their Museum Archivist and Curator, plus
MDC’s provision of a HR functon. MDC now host their Museum which opened in
September 2021.
Young Manchester Funds towards school holiday actvity programmes and universal youth service
providers’ capacity-building across the city with a view to opening up a range of
additonal opportunites for both informal and accredited learning, indoor and
outdoor recreaton,community partcipaton and social acton.
First Ark Social
Investment		 Covering the cost of (i) cpd coaching for MDC’s Finance Ofcer and two courses:
Charity Finance for Trustees and Finance and non-Finance Directors; and (ii) the
creaton of a community fundraising toolkit and delivery of a 6-month actvaton
pilot.
Cooperatve and
Mutual Solutons
Limited		 Funding to establish a support group for Deaf Ex-Ofenders.
Lankelly Chase Helping set-up digital device libraries for HoH/D/deaf resident of Salford and
Manchester.
We Love Manchester The Mayor’s Charity gifed MDC a grant to develop a digital devices library for
HoH/D/deafened people in digital poverty and without means of accessing public
services and amenites that transitoned their actvity to internet-only access during
the height of the Covid pandemic; people that were cut-of. With people beneftng
from this provision, a series of Covid-safe ICT skill-building workshops were worked
through.
GM Business Support
Limited		 Our Covid-19 Recovery Grants primarily went towards (i) updatng tred external
branding of our building, ensuring that it carried up to date informaton and contact
details, and way-fnding arrows; and (ii) getng our Bar, events programme and
supportng volunteers back up and running to help start generatng unrestricted
funds again.
Cinderella Fund The Cinderella Fund grant gifed by the Charity Service is towards a residental
weekend; an outdoor educaton programme for young people accessing our DAVE
(Deaf Actve VolunteeringExperience)Group.
The Conservaton
Volunteers		 Our work with the The Conservaton Volunteers is around the enrichment of
children and young people’s learning on the environment and around biodiversity
more specifcallythrough outdoor arts and crafs.
GMCVO Community
Champions		 Funding to help deliver improvement on breaking down communicatons barriers by
havingworkshops,creatngaccessibleposters and videos,and one to one support.

26

The Manchester Deaf Centre Limited Notes to the accounts

For the year ended 31 March 2023

20 Analysis of movements in restricted funds (continued)

Inclusion grant Working with Bolton Deaf Society and Walthew House (Stockport’s
Centre for the Deaf and Blind). Forming a steering group of deaf
representatves from each organisaton, we will engage with deaf people
throughout Greater Manchester regarding barriers to access/inclusion in
mainstream services/setngs that support health and wellbeing,
reportng to/visitng stakeholders to advise on what improvements could
be made toprovide inclusive access.
CYPS Grants received specifcally for providing services to the deaf community
of children andyoung people.
DASA Liaising with local domestc abuse, homelessness and refuge services,
developing an efectve referral system that is accessible to deaf people,
collaboratng with other organisatons in improving their services to make
them more deaf aware by providing Deaf Awareness courses.
Strengthening the services we currently provide to the Wellbeing group
and enhancingawareness of DA,Hate Crime,safeguardingand Self Care.
Jubilee – Forever
Manchester		 A project to create a visual Mural of the Queen’s Jubilee incorporatng
Britsh Sign Language, hold an event to celebrate the Queen’s Platnum
Jubilee andprovide arts skills workshops for our Wellbeing group.
Salford Trusted Voices To promote access and inclusion for deaf people in wider society and
provide services to support deafpeople overcome dailybarriers.

21 Analysis of movement in unrestricted funds

Current reporting period

General fund
Refurbishment fund		 Balance at 1
April 2022
£*
70,285
270,314
340,599		 Income and
gains
£
545,258
-
545,258		 Expenditure
and losses
£
(533,132)
(8,191)
(541,323)		 Transfers
£
4,511
-
4,511		 As at 31
March
2023
£
86,922
262,123
349,045

* Comparative unrestricted funds have been restated. See note 2 for prior year adjustment details.

Prior reporting period

General fund
Refurbishment fund		 Balance at 1
April 2021
£
106,194
278,505
384,699		 Income and
gains
£
492,258
-
492,258		 Expenditure
and losses
£
(527,679)
(8,191)
(535,870)		 Transfers
£
(488)
-
(488)		 As at 31
March
2022
£*
70,285
270,314
340,599

* Comparative unrestricted funds have been restated. See note 2 for prior year adjustment details.

Refurbishment fund Fund to cover depreciation costs associated with refurbishing the building in 2010/11.

27

The Manchester Deaf Centre Limited Notes to the accounts

For the year ended 31 March 2023

22 Analysis of net assets between funds

Current reporting period

Tangible fxed assets
Investments
Net current
assets/(liabilites)
Creditors of more than one
year
Total		 General
fund
£*
71,124
-
74,152
(60,050)
85,226		 Designated
funds
£
262,123
-
-
-
262,123		 Restricted
funds
£
-
-
190,114
-
190,114		 Total
£
333,247
-
264,266
(60,050)
537,463

* Comparative funds have been restated. See note 2 for prior year adjustment details.

Previous reporting period

Tangible fxed assets
Investments
Net current
assets/(liabilites)
Creditors of more than one
year
Total		 General
fund
£*
82,239
13,773
57,708
(100,760)
52,960		 Designated
funds
£
270,314
-
270,314		 Restricted
funds
£
-
131,747
131,747		 Total
£
352,553
13,773
189,455
(100,760)
455,021

* Comparative funds have been restated. See note 2 for prior year adjustment details.

23 Financial instruments

Financial instruments measured at amortised cost comprise the loan financing provided by the Social Enterprise Investment Fund, First Ark Social Investment and Co-op to the charity.

Loan payable falling due within one year
Loan payable falling due in more than one year but in less than fve years
Loan payable falling due afer fve years		 2023
£
32,908
60,050
-
92,958		 2022
£
22,586
94,868
5,892
123,346

The loan from Futurebuilders (Social Enterprise Investment Fund) is repayable over 15 years with interest charged at 6% for the first 3 years and no more than 5% over base for the remainder of the term. It is unsecured and does not attract early repayment penalties.

The loan from First Ark Social Investment is repayable over 5 years with interest charged at 7.5% APR. It is unsecured and does not attract early repayment penalties.

The loan from Co-op is repayable over 6 years with an interest charged of 2.5% per annum. No repayments were required for the first 12 months.

28

24 Reconciliation of net movement in funds to net cash flow from operating activities

The Manchester Deaf Centre Limited

Notes to the accounts

For the year ended 31 March 2023

Net income/(expenditure) for the year
Adjustments for:
Depreciaton charge
(Gains)/losses on investments
Loss/(proft) on sale of investments
Dividends, interest and rents from investments
Decrease/(increase) in stock
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operatng actvites		 2023
£
82,442
21,465
(2,661)
6,299
(256)
217
(83,500)
(3,180)
20,826		 2022
£*
(240,184)
20,745
(1,099)
(4,600)
(1,986)
(613)
61,704
(12,105)
(178,138)

* Comparative figures have been restated. See note 2 for prior year adjustment details.

29