WILTSHIRE AND IX)R3Ef DEAF AND HARD OF HEARIWG CHL¥¢CHES TRUST
WILTSHIRE AND DORsgr tEAF AND HARD OF HEAFOPIG CHURCHES TRT TrusrEE8' REpoKf FOR THE YEAR ENDED 31 DEGEMBER 2024 LEGAL 8TATU8 The Tw¥1 Ss a wistwed chwlty, number 1151709. and L% govem•J ty hs C¢Mstlthon, dated 9 lkniember 2012. 11 meryed wlh the Sall$trry D5ocesan Deaf ASsoat0, (registered clwty rwber 207). which wa8 remo¥wl frorn the r¢g1sler of¢harfbeJ on 20 DMb 2013. its propwty lovtr been trangEd 19 Ihè now c+orfty on 2 Oecen¢r2013. HON IY4ESIDEpir The 81shop olsatsbwy (exrfffjLlo) TRUSTEES The foHovin9, Kth¢rf¥ety reforred lo ag the ComMIUee ¥er¥ed as fv Tfusvs trEtstee$ during the year and to date.. The Rt Rev K Gtyh8m Mr8 K Leader Thè Bislv)p of Shortx%ne. CtAim (Coted. WiltshTrel ISallsbÈKy DBF Head ol Flnance. ex-crffthtsw&) The Ven A MacRoWood Mr8 Havey r P Mu85Bhthite rs S Ful¢her rs K Wtso(>ward to J1 ZS Jul 26 ICwAedl {Crtrcpted, Dprsel) ICOW, Dorsot) to Nov 24 from Nov 24 The tsu8ts compse a nominated ChainTWI •wrynted bylho Prtsvjwrt crf Ihg Tnat. one other nominated Iwstee, four c{0pd tN$tw #M aX-offi¢u) trljstee. Th• Sglsbury Dlocesan Boayd of Fbwcfr Is 0fttClity. CLERK TO THE TRUSTEES Ml88 C JohnSC (to Jun 25), Mrs S {ffOm 25), Emms HNBe. Tr Anve. WIIM SW2 OFG ADVISERS IndepeIent ExLnNn Solicitors.. InvEstment Mar¥J$.. Mrs N A HolLs FC& Fletchtr & Partw Brfdge Street. SatISb SP1212 VV41sons. Akxandra Hcw. StJohns StreeL sal1My SP1188 CCLA Inve6trnent Ma)agerwl Ltd, Orkngel Law LOdL, EC4R 3A8 M&G In¥e¥trnent lEnt Ltd, M(aoria Road, Chthsfotd CM11FB OWECTS AND AcfMTIES oblocts of the TNst we to a9s1st in evw way pos the educali>nal and ph¢4 need8 of dtal hord of Fwlo ilhin the DioLE5e ¢1 and the Deaw of sVr10n In thg Diotss& of BristL4 and ts I(note greaterawareness oldealn8s# ano hring impoL The TrustpSues ils obie¢ts by pcdides of funding: Siyn lawage Inlerwfjted chwch services fordoaf pe. Deal Chapwns, to ca lorts Flryc4 Th9¢ds of d8¥fand har(1 ¢rfhearfng SalTrsbury LlyÈaLkns The Trust ts mnaged by the Committ¢e of Managemeni i% aso the tnjstee tty. iv¥oJrs Èome IIFrAtotf dko¢t charf%e expenditure iigdf, the Trust essentrth ft1fi16 it8 rJwilaf)]e PLWP)¥e by grant 1¥ganOn$ which Support deaf aThl Imrd of h8arin9 people or ¢)therwoe in seNtees for Ihls pPos The TYS finwi81 ow maintained by the aff of lsb LNo¢es8n trustees have Complied knith thoir dLty to hav¢ lo the gLadwce on beftefft pukAished by Chity comm[eL¥l in eXe4thkpbErs orduiie
VALT8HIRE AND DORSEf DEAF AXD HARD OF HEARWG CHURCHES TRU87 7RusfEE8' REPORT FOR ThE YEAR E74DEO 31 fBER 2024 ACHiÉveMEMTS AND PERFORMANCE 2020 Tw w1chas a pvoperty Sali6bwy kn L4e ofthe Deaf In 2024 Ihe Trust SrKurred £0 Dn repairs lo th pr¢¥erty {2023.' £2,665}. A grant of Z¢,500 (2023- £8,000} gfven b) tt DIOC rfBristL4 for delf Yuk In the Dearw of &%7ndon ar £42.353 (2EriJ- £42.432) to Ihe Dio(w ot salls1ry for Itrf oxpws incurred in a4>pothg 3 De¥1 Chaplgin in the Diocèse, De& Angl4$ T4Jgather £50012023.. £5CQ), &8L Bibk tran £2,00012023.' £1,CIJOI and SalisbLWy Llpre#ders £800121y23.' £nill. FINANCIAL REVIEW ThÈ T9 Income taPaffed r11.044 Q023- £74,3211. Tlts ylfftartyin¥Ukn Irwn. Charlbkjle experxlbJre lotthd £56,853 121y2> £57.1121. Ther• is therekn a of£14.19112023- SU6 ol E17.2091. Inv•8tments performed w¢y - was an urnredllsed galn of rii.22612023.' re¥lld gain of £133,915). At yeat er the Tru¥f&fLKvJs lotalkd £2.53S.392 {2023.. f2.449.9391. R£$ERVE8 POUCY Trust's poll¢y is 1¢ Is #asth atlhe prewrtfevet so ¥ tsu9ftO Itrey to pli vbject¥. Th& free r¢seThes &the year•A)d Q21IWJ1. INVESTMENT POWY The pollry Is lo Invest rtg 8v&lable funds. Int m10$ IhtoW CCLA Man&Jemgnt ttt5 GEF chu cf EffJd Fwds M&G Investrnk Managefflert's Chwrfund. The8è aF8 ¢trmrtsx Investsnent gdfiolly 8stolAished wegJFatsd to prde Investrrwt vehxle¥ tr d7¥rttakfvrxts. RISKS REVIEW The Iru$toe3 rDn8ldw that the Twat's onty 8lgnJfcaM Jlsk is a traA ot m¥eK¢ts. thich Ilw hove mtyalod by piackno a rroportth Chwfjty'$ in g ENopwtyftKxl ¢tyNUogfi¥ML TRU8TEES' RESPONSIBILMES IN RELATIOhl TO ThE FtNAI4CIAL STATEMEIITS Ttte trustees are reGpondble for werifi9 Ihe TfU8iees' Aft Report •nd the financial in ac¢tsrdarKB 4pithoable law wxl Unlted Klrydom AoUr1 StwNards Ited lQrW¢Mn Attepted A¢counbTh4 Pt8dFcel. rhe law appllobk to In 8ThJ W¥l88 rwjbres the Chty tFvsiw kn prepwe Ilnand81 statements for eh year wlwth glve a true and fairvlew rfthe staèe of affairs ofthe Ctwity arnl clthe inng Scarr£S and apsAicafjon of resources, of the Charity forthat Fwrod. In preparing Ihe linènt4418latemerrts, the TJ$te we req[¥[ to". SblE acUnIng potlcio8 wid arvly Ilwn t•.. observè the methodg and prlndpks CrtfieS SORP.. mak05gements arKt eglmatss th are reasort8blg pnth¢ $t8te 8ppk¥bl¢ 4c¢¢unlwy tttn foll. io ary mrkl deparlures Ihat must be dilOSed and in Ihe finaTrci $lataments'. prep the finandal 3&lemonts on th> 8cdrfj Goncwn b8%5 w)les5 il 1$ IEwpmwSatoto presume that the Charity GUnbrn in The TrUsIe are for ken& F¥(w trdS Ihat fwthse 8$onth a¢Y at any Ime the ffin8nc581 ol th8 crity them trj that the fiwrlal tements ¢0Mlth tl Charybe5 Art 2011. thè appllcablt Chgrltles (Aull and Rop0) RègiWon& and the prgV5Si(w of Ch9thIts xames. They are responsltle lor safeguatdry the assets of the Ltsity t"r& rea$crt steps try the prev8ntson and deleclon of fraud and oth&r irYeg&artde¥. Th6 ttustees are rnspon8ltrAe fer the aml mtégrlty ol finart4gf iraormon on eharlty's w&b6ile in aarth leglation In the Utred Ihe preparallon dissem*nBtlon of finan¢iel stateme. gne<l on behav ofthe Tru8te¢¥ Th& Rt Rov KGorham Appvved by It Trnrntett on
IReglstar2d Chkn 115t7091 STATEMENTOF FfwKIILACThIESF THEYÉAR CMDED 31 DKalBER Z024 ICOME FROhi. Dona1J$8TrJ leg¥ Dpno)n$ 75 Dfvld8nd& Intsresten cash depc6N& J.B7D 7,173 71,0 e7.808 74246 Tor INcoMe 71,N4 74.321 E¥P£NDrfuAE ON.. Chart1¥b adYitt85 Grants payabte Repbws toCWLq1n's Ho TOTAL EXPENOITURE 54.447 2.66S 57,1t2 NEf114COMEIEXPENDITURE BEFORE NET GAINSI(LOS8ESI ON INVESTMENTS Nètg0kn•¥l NEf MOVEMEpif FLINDS 14,191 172r 71228 1%31$ 6.416 150,724 RECONCAT10 IN FU14DS: Total lu¥ brOtIo¥ Tothl fu fthward 1449.936 1299211 £ 2.449.936 FIXED A58ET8: TangNI 8Ass8ts ,451 322,451 115&:268 2.478,739 I.B85,LY2 2.307.513 CVRHENT ASSErs: C85h &t bank ar¥1 kn hand CBF nÉpo¥h Fur Cash hthJ ty 8thtry 165 84 166,442 UABiurEs.. )year { J4.040) 124,0191 NET CLIRRENT A88ETS OR UAOUTES 142.4123 TOTAL ASSETS OR LIABILMES É I35? rNE FUNDS OFTHECHApnY: V¢¥#thcted ftthds 1c £ 1535,352 £ 2,4.938 T$fr)Ca&I temenl8ere 8Fvobd tty IfTnknson . swon tretr 911. 23.11."14r...... ...
NOTES TO ThE A¢COUIII¥ FORIHE YE E711)ED 31 DEMBER 2024 A¢¢ounthg Poll¢sts aC{nts IfiTr8Ddal ¥• pre u1 ts Trastonc4 ££4t ty)nvenbofi with Item5 rncounise¢J at (xtst or ts8n8aeUon dlue othemffjè ad li the nots8 Ic Ihegt a(1xnIS. The firncle1 slatements hève b&en acran¢ with tho Slaknnenl ot ReNrNYEnded PF8¢ti('. A>tll and RepDthg by ChatitEes pwnrlng thew atrnunts ffl a8 wth 1he FaNa RèpNbTrJ StaThl8rd applKab18 In the UK aTrd RepL41l of [ren4 IFRS 1021 elle(the Irom l January 2019. thè FIn8n¢ apple4b in lh8 K5ngdtm and R¢pubfi¢ of IrdaDd IFRS 1021 and the Charlties Act 2011. Th¢ Chartty Mnstilthes a pubkr bEnefrtenW85 dBfrtl by FRS 102. The trusléeé cons19[ thai ther6 a4E no mthial UfKXFtort1e9 the ChaS AIty lo conthue AS a going tr. ThB m08t slgnffitarrt area ol judg¢ffth thal 8ff¥ts the #ttrAJnts IB lo Tjo v+th estinattng ts r8%idual v8lu& oft freehokl property lsee Te 1h). knvith Trspect to the rBpotr.g pgrlod, tha yoar gnded 31 Decamr 2025. fhE sbnifjranl areas Df untsrt8ts)tythat affrtthé tsrr>ity of lK1 bjf h Char1 8rp the Iwel of investrTrt rBturn and pÉrfOrnc0 of yeSt8Tket& The aUnts do not lrtGlthJ8 a ¢agh )W (W. 88 a 8m81 repcrfory ew. IB Oxompl ftgm thg reqU¥ent lo y#p8r8 suth a ststemBnt Urwe8ltthJ fund& for u¥a * ts dsgebon ol Ihe Irus& in ol ts getrnl &Ji8cd¥8B Ot th8 and not boen +J8sWalSd for oth¢f Pu8 All kncDme is c09thd OETh ts dHrkyhaB ID ther• Is cert•nty ol pt and so probabk thattr¢ In¢o¢M wil be recakrAJ, the 8rn¢thlof teteivabk be Ir¢ar8d Liabilit 8r8 recognlsed a$ exper Js sooT¥ 83tt Is a rt¢tythJn (4MItt the oharity to th& eypenditure. it prcoablg thai settlpmEDt be Ihe anwit of tho ob[hjIw t• mes¥Jred r81tabfy. All eyp8rkllre [srrted foron 4n o(nwL¥ bas& Gratlts payabkn are chary& when Ily dfer to the r8CWi fxtxpt in tho ¢asos Whe the offer condNINal, gTrr5t be re¢ffjnwl 86 •weThhtsw8vMen the attathkng are fvirw. Swp(x1 fmts h8vb tsen lIef9rdIated gDbn. th915 antt SLPPOrt Ixws. GDverwnre t¥Ipts all invofvkng the pubb¢a¢ntsb rf Ihe thaffty ils uA)wlBnL With re9ulatitsn got pra¢Ji. Thè property i? ¢rrnd Ért cnsL No dewtr>aUM L4 as the ra•KI v8Jts of the WQFerty Is judged lo bo Lol $5 th3n its carwg valu8 an£1 Ihe ufid Ue ofV 86set curr•ntyexc48d8 SO Yea Tr proporty mntalned Ir¢ ge0d¢drtth by Wnfjnual prcty¥Wrt ol repots malnt8nanr8, ch8ry8d b) tt 8oF LIS Invesltwls are 8t mwket 8s at balano 8hÈetitsb. Th8 Slabrnnt of Flrlanoal Acthlfra¥ In£Jths the nèl galns l¢sw arising on revaktatb)n and thp05abthwJEwtthe year. All g81n8 and ksses we tak) to the Stalt of AcMtles 85 they kn. galn4 Ir086$ on esknents are ¢aktsJatpd as diffewcfj betTr s?ie5 wo<ds and £ening market v3lue Iptsrtha¥e date il latsr). Vnreo18ed n5 Ios8e$ are dthncé ithEen Ihe rnket v8kJe at Ihe year and gnIng market value lor purthase dats if knkrl. Re#b v3 unre4Ned are nDt 8epgrnted In ts StatemÈnt ol F>nancal Ca$h 8t nk and M? h8rxl inckth ca8h on a¥allth on domaNI and txsh by L¥0 Board of Financ. ¢re£SfioTS aye Teco9nlged iho ew has rewJWfrom a pastwentthatvihl protrty rosult in the tson$l•roffuThlsio 0 thlftl paty and nrjjntdu0 10 seth ts oWafy>) be m88sured rèll&bly. Cradl[$ ar¢ rmaItyTeBn1sed 8t th¢irsailkn%ntarnounL
VILT5HIRE AND DORSET LW ANO HARD OF HEPJIWIG CIIURCHES TRusr NOTES TO ThE ACCOUIItS FOR THE YEAR E14DED 31 DECEMBER 2024 Flxed 8wI Invesimonts a fc¥m ol bask finanua histrum8nt and in81 TeNgni at thelr Irrtion st and WbSeqnY mèasuiad faSr at the Bthnc stwt dal& Inveslment and bss8s. whether ièaliged or uwoallsed, c(mbino(r * shtyvn kn lfvj he•dj Wel yalnpJlkn$8es) IrNg$lmw In the ststemenl of F¥d81 AotWk &. ole 31 Grents to oyganwons S2Elsbury Di0e- deaf ¢hapkn Brlstol Dinse -foT deaf chathncy Satsbury knweaders BSL Bibk Trwlotk)n wajed DoafAnplitAns Together 4a3&3 42,893 43,OB1 540 1.829 ..1,129 54,447 1,040 56.853 54.153 £ 2.7(0 £ 8upport¢Ogts 2024 Cie¥k's Bolary rAFsts 817 IndepdnI ex8m%Vs feos 1.074 1.OY4 £ 1.626 £ 1.074 1.070 2.515 TAXGIBLE ASSETS Al 1 Janry 2024 At 31 2024 322,451 322,4Sq 3Y2,451 322,461 At 31 2024 3t2.451 322,451 At 31 21r23 322,451 322,451 One prtyerty In SAIstryWas putrjyased kn ju 21MI fvr the a¢t¢nI ofa DChaP
Martetv2lUè8t I JY Addlllo tiswsal8 1.851.$47 372.210 1272.21)) 71.2Zts £ 2.158.288 13 £ 1.985,OB2 arketla 8131 tjwxrthr Lryt Ot3t DWir £ 969.616 £ W,462 £ 1,015.44e ebj. 54,07&1t CBF IENWtmFwl t2023- 37,961.74 51rdMI 214.97QQZ CBFPry8rty FLmd fhares (2D23- 214,m02 shHresl 199J04.29 CbF <)bal Equttr FwKI 120T#- 1Vd.401291 O M&G [Wl•1 stta 12WdU- 18.1a4.4061 I26063 4)2% 8SB,137 2&129 641,1 2 187 ILbJM% 1.ge5,C61 Crtthty. mwiitsh]Ib>g wllth ¢ir•y ACCI forps Acauals deknsd 10.274 20292 3.727 24010 14.(140 aDtccmmlthn1$QwN¥¢d 08 at 1 J8rrtJwy 11,068 s1.2 1417n7 20.292 54.153 Gr81ts pNkl {hn9 ths yo8r GTr¥11rDthntsrBtott as at 31 Dec8rrthrZ024 n 10.274 foT eXPtIKès 1202& £nll.Tr Lts rec4¥ed a syol £680 la123. £6281. Thg rjwmy thr rd yif3ngg¢tson3 during thè ye4rP023. . Flnafthl knthFAenlT a98etsme65wed •lfwt4•h YYW ?j $ifdvalL 1.685.2 £ 1.9&5,062 £ 2.166. eJq)enBe, urk6¥e¥. It419 chw8 th fowvkn. reuw•EBd rrt Gn{LO$$e)cn asstL at Kairv8 IrtN05t on cush thpos# Igled inv&3tmaniÈ 71228 7,1n 131515 8,358 67,&BI £207 76t £142
WILTSHIRE AND DOR8Ef DEAF AND HARD OF HEARING CHURCHES TRU3T INOEPENDENT EYAMNEif8 RWRTTO THE TRUSTEE8 FOR THE YEAR ENDED 31 CECBABER 24 I feport to thè tyustegs on my eXannath)n OF tr acttnts of Wthh1 arKI Dor¥rt Oeaf and Hard of HtarirvJ ¢hwch28 Trust ltheTrust) for the ytrAr erje[l 31 D•eemkr2024. sle SBt out on page5 3 tts Rpon$1b1l1V0S aNI ba#ls of x As the thgrfty tsu$tèes ot the Trust you rp(blO f the wep8th oftho aL¥tyrts In accoar ¥Ath thè r¢quir¢mèrts of lh8 Chafibes Aei 2011 Cthè Art). I rwrt in respect d my ex8n4nation of the Trusfs aCcOL8 rsrried (xrt der sedoo 145 of the 2011 A¢t and In ¢arying out vy ex8mln&tEOn I Iwe foknwed 8a the apt4rable tkntti)ns by Cl)arity Ccmmsslon under 8ecJon 14515j{bl ofttK Indèp¢ndentfyXomlnee$ stÉtne I hov• compl8ted my examjnation. l ¢onfirm th IKJ material maU¥# wne tl rny attentlon In o)nneth)n wlti e èx8minaiion jing me e to believe that Hl Materf respect 1. acctyjntlng r¢¢ord$ not kept in WFecI ol the TTrtaS reqimred by 130 oltheA¢ or 2. the •rxounts not acKord wth those r8¢ords,' 3. the oUnts do not eomptywHh aFplicablo r9qUwnelts the fom and content of aCcOt$Set out the Chwlties IA¢e4Rts and Rapirtsl Regulaik)rr6 2008 other than ary requireMWjat the xcounts 9ive & and falr view tIch is not a mattwLYrni(knd pw101 Inde e¥amk¢r I hav• no ¢m$ and havo comg no otPr matte15 kn L¥)nTL% 7th the axaminatbn to WI atta¢ ¥hould be ¢kawn k) thL8 rewl kn t0 8 prOperuEkY¢rskn9 of Ihe acv)wtts to be ree N A Halls FCA Flet¢her & P8rtner¥ BThJge Street Salksbury