WILTSHIRE AND IX)R3Ef DEAF AND HARD OF HEARIWG CHL¥¢CHES TRUST 31 IRCEMBER 2ff24 Indeper£thrt Examinerfs WILTSHIRE AND DORsgr tEAF AND HARD OF HEAFOPIG CHURCHES TR￿T 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$tr￿ry D5ocesan Deaf ASso￿at0￿, (registered clwty rwber 2￿￿07). which wa8 remo¥wl frorn the r¢g1sler of¢harfbeJ on 20 D￿Mb￿ 2013. its propwty lovtr￿ been tran￿g￿Ed 19 Ihè now c+orfty on 2 Oecen*¢r2013. HON IY4ESIDEpir The 81shop olsatsbwy (exrfffjLlo) TRUSTEES The foHovin9, Kth¢rf¥ety reforred lo ag the ComMIUee ¥er¥ed as fv Tfusvs trEtstee$ during the year and to date.. The Rt Rev K Gtyh8m Mr8 K Leader Thè Bislv)p of Shortx%ne. CtAim (Co￿ted. 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 J￿1 ZS Jul 26 ICwAedl {Crtrcpted, Dprsel) ICOW, Dorsot) to Nov 24 from Nov 24 The tsu8t*s comp￿se a nominated ChainTWI •wrynted bylho Prtsvjwrt crf Ihg Tnat. one other nominated Iwstee, four c{￿0p￿d tN$tw #M aX-offi¢u) trljstee. Th• Sglsbury Dlocesan Boayd of Fbwcfr Is 0ftt￿Cl￿ity. CLERK TO THE TRUSTEES Ml88 C JohnSC￿ (to Jun 25), Mrs S {ffOm ￿ 25), Emms HNBe. Tr A￿nve. WIIM SW2 OFG ADVISERS Indepe￿Ient ExLnNn Solicitors.. InvEstment Mar¥J￿$.. Mrs N A HolLs FC& Fletchtr & Partw Brfdge Street. SatISb￿ SP1212 VV41sons. Akxandra Hcw. StJohns StreeL sal1￿M￿y SP1188 CCLA Inve6trnent Ma)agerwl Ltd, Or*kngel Law LO￿dL￿, EC4R 3A8 M&G In¥e¥trnent ￿l￿￿Ent 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 sV￿r￿10n In thg Diotss& of BristL4 and ts I￿(￿note greaterawareness oldealn8s# ano h￿ring impo￿L The Trustp￿Sues ils obie¢ts by pcdides of funding: Siyn lawage Inlerwfjted chwch services fordoaf pe￿. Deal Chapwns, to ca￿ lorts Flry*c4 Th9¢ds of d8¥fand har(1 ¢rfhearfng SalTrsbury LlyÈaLkns The Trust ts m*naged by the Committ¢e of Managemeni i% aso the tnjstee t￿ty. iv¥oJrs Èome IIFrAtotf dko¢t charf%￿e expenditure iigdf, the Trust essentrth ft1fi16 it8 rJwilaf)]e PLWP)¥e by grant 1¥gan￿￿On$ which Support deaf aThl Imrd of h8arin9 people or ¢)therwoe in seNtees for Ihls p￿Pos￿ The T￿￿YS 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 Ch*ity comm[e￿L¥l in eXe￿4￿￿th*kp￿bErs orduiie VALT8HIRE AND DORSEf DEAF AXD HARD OF HEARWG CHURCHES TRU87 7RusfEE8' REPORT FOR ThE YEAR E74DEO 31 f￿BER 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 salls1￿ry for Itrf oxp*ws 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 T￿9 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- SU￿￿6 ol E17.2091. Inv•8tments performed w¢y - was an urnredllsed galn of rii.22612023.' ￿re¥ll￿d gain of £133,915). At yeat er the Tru¥f&fLKvJs lotalkd £2.53S.392 {2023.. f2.449.9391. R£$ERVE8 POUCY Trust's poll¢y is 1¢ Is #asth atlhe prewrtfevet so ¥ tsu9ft￿O It￿rey￿ to ￿p￿li￿ vbject¥. Th& free r¢seThes &the year•A)d Q21IWJ1. INVESTMENT POWY The pollry Is lo Invest rtg 8v&lable funds. Int*￿ m￿10$ IhtoW CCLA Man&Jemgnt ttt5 GEF chu￿ cf EffJ￿d Fwds M&G Investrn*k Managefflert's Chwrfund. The8è aF8 ¢trmrtsx Investsnent gdfiolly 8stolAished ￿ wegJFatsd to pr￿de Investrrwt vehxle¥ tr d7¥rttak*fvrxts. RISKS REVIEW The Iru$toe3 rDn8ldw that the Twat's onty 8lgnJf*caM Jlsk is a traA ot m¥eK¢ts. *thich Ilw hove mtyalod by piackno a rroportth Chwfjty'$ in g ENopwtyftKxl ¢tyNUogfi¥ML TRU8TEES' RESPONSIBILMES IN RELATIOhl TO ThE FtNAI4CIAL STATEMEIITS Ttte trustees are reGpondble for we￿rifi9 Ihe TfU8iees' Aft￿￿ Report •nd the financial in ac¢tsrdarKB 4pithoable law wxl Unlted Klrydom A￿oUr1￿ StwN*ards I￿￿ted lQrW¢Mn Attepted A¢counbTh4 Pt8dFcel. rhe law appllobk to In 8ThJ W¥l88 rwjbres the Chty tFvsiw kn prepwe Ilnand81 statements for e￿h year wlwth glve a true and fairvlew rfthe staèe of affairs ofthe Ctwity arnl clthe in￿￿ng ￿Scarr£S and apsAicafjon of resources, of the Charity forthat Fwrod. In preparing Ihe linènt4418latemerrts, the T￿J$te￿ we req[¥[￿ to". S￿blE ac￿UnIng potlcio8 wid arvly Ilwn t•.. observè the methodg and prlndpks C￿rtfieS SORP.. mak05￿gements arKt eglmatss th* are reasort8blg ￿ pnth¢ $t8te 8ppk¥bl¢ 4c¢¢unlwy tttn foll￿. io ary m*rkl deparlures Ihat must be di￿lOSed 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 ke￿n& F¥(w ￿ ￿t￿rdS Ihat *fwthse ￿ ￿8$onth ￿a¢Y at any Ime the ffin8nc581 ol th8 c￿rity them trj that the fiwrlal *tements ¢0M￿l￿th tl* Charybe5 Art 2011. thè appllcablt Chgrltles (A￿ull￿ and Rop0￿) RègiWon& and the prgV5Si(w of Ch9thIts x*ames. They are responsltle lor safeguatdry the assets of the Ltsity ￿ t*"r& rea$crt￿ steps try the prev8ntson and deleclon of fraud and oth&r irYeg&artde¥. Th6 ttustees are rnspon8ltrAe fer the aml mtégrlty ol finart4gf iraorm￿on on eharlty's w&b6ile in a￿￿￿arth leg￿lation In the Ut*red Ihe preparallon dissem*nBtlon of finan¢iel stateme￿. gne￿￿￿t￿ll and RepDthg by ChatitEes pwnrlng thew atrnunts ffl a￿8￿￿ wth 1he F￿aNa￿ RèpNbTrJ StaThl8rd applKab18 In the UK aTrd RepL41l￿ of [re￿n4 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 cons￿19[ thai ther6 a4E no mthial UfKXFto￿rt1e9 the Cha￿S *AIty lo conthue AS a going t￿r￿. 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 T￿e 1h). knvith Trspect to the rBpotr.g pgrlod, tha yoar gnded 31 Decam￿r 2025. fhE sbnifjranl areas Df untsrt8ts)tythat aff*rtthé tsrr>ity of l*K1 bjf h Char￿1 8rp the Iwel of investr￿Trt rBturn and pÉrfOrn￿c0 of ￿yeS￿￿￿t￿8Tket& The a￿Unts 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 get*rnl &Ji8cd¥8B Ot th8 and not boen +J8sWalSd for oth¢f Pu￿8 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¢a￿r8d Liabilit￿ 8r8 recognlsed a$ exper￿ Js sooT¥ 83tt*￿ Is a rt¢tythJn (4￿MItt￿ the oharity to th& eypenditure. it ￿ prcoablg thai settlpmEDt be Ihe anwit of tho ob[hj￿Iw t• mes¥Jred r81tabfy. All eyp8rkll￿re [s￿rrted 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¢ffjnw*l 86 •weThhtsw8vMen the attathkng are fvirw. Swp(x1 fmts h8vb tsen ￿lIef9rdIated gDb*n. 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￿ v8*Jts of the WQFerty Is judged lo bo Lol *$5 th3n its carwg valu8 an£1 Ihe u*fid Ue ofV* 86set curr•ntyexc48d8 SO Yea￿ Tr proporty m*ntalned Ir¢ ge0d¢￿drtth by Wnfjnual prcty¥Wrt ol repots malnt8nanr8, ch8ry8d b) tt* 8oF LIS￿ Invesltwls are 8t mwket 8s at balano 8hÈetitsb. Th8 Slab*rnnt of Flrlanoal Acthlfra¥ In£*Jths the nèl galns l¢sw arising on revaktatb)n and thp05abthwJEwtthe year. All g81n8 and ksses we tak*) to the Stal￿*￿t of Ac*Mtles 85 they kn. galn4 Ir086$ on esknents are ¢aktsJatpd as ￿ diffewcfj bet￿Tr s?ie5 wo<*ds and £*ening market v3lue Iptsrtha¥e date il latsr). Vnreo18ed ￿n5 Ios8e$ are dthncé ithEen Ihe rn*ket v8kJe at Ihe year and g￿nIng market value lor purthase dats if knkrl. Re#b￿ *v3 unre4Ned are nDt 8epgrnted In ts StatemÈnt ol F>nanc*al Ca$h 8t ￿nk and M? h8rxl inckth ca8h on a¥allth on domaNI and txsh by L¥0￿￿*￿ Board of Financ*. ¢re£SfioTS aye Teco9nlged iho ew has rewJWfrom a pastwentthatvihl protr*ty rosult in the tson$l•roffuThlsio 0 thlftl paty and ￿nrjjntdu0 10 seth ts oWafy>) ￿ be m88sured rèll&bly. Cradl￿[$ ar¢ rmaItyTe￿Bn1sed 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 in￿81￿ TeNgni￿ at thelr Irrtion st and WbSeq￿n￿Y mèasuiad faSr at the Bthnc* stwt dal& Inveslment and bss8s. whether ièaliged or uwoallsed, c(mbino(r * shtyvn kn lfvj he•d￿j Wel yalnpJlkn$8es) ￿ IrNg$lmw￿ In the ststemenl of F¥￿￿d81 AotWk &. ole 31 Grents to oyganwons S2Elsbury Di0￿e- 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 Indep￿d￿nI ex8m*%Vs feos 1.074 1.OY4 £ 1.626 £ 1.074 1.070 2.515 TAXGIBLE ASSETS Al 1 Jan￿ry 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 SAIst￿ryWas putrjyased kn ju￿ 21MI fvr the a¢t¢nI￿ ofa D￿ChaP Martetv2lUè8t I J￿Y Addlllo tiswsal8 1.851.$47 372.210 1272.21)) 71.2Zts £ 2.158.288 13 £ 1.985,OB2 arket￿l￿a 8131 tjwxrthr Lryt Ot3t DWi￿r £ 969.616 £ W,462 £ 1,015.44e ebj. 54,07&1t CBF IENWtm**Fwl t2023- 37,961.74 51rdMI 214.97QQZ CBFPry8rty FLmd fhares (2D23- 214,m02 shHresl 199J04.29 CbF <*)bal Equttr FwKI 120T#- 1Vd.401291 O M&G [￿W￿l•￿1 stta 12WdU- 18.1a4.4061 I260￿63 4)2% 8SB,137 2&129 641,1 2 1￿￿87 ILbJM% 1.ge5,C61 Crtthty. *mwiitsh]Ib>g wllth ¢ir•y ACCI￿￿ forp*s Acauals deknsd 10.274 20292 3.727 24010 14.(140 aDtccmmlth￿n1$￿QwN¥¢d 08 at 1 J8rrtJwy 11,068 s1.￿2 1417n7 20.292 54.153 Gr81ts pNkl {h￿n9 ths yo8r GTr¥11r￿Dth￿ntsrBto￿tt as at 31 Dec8rrthrZ024 n 10.274 foT eXPtIKès 1202& £nll.Tr L*ts rec4¥ed a s*yol £680 la123. £6281. Thg rjwmy thr r*d yif3ngg¢tson3 during thè ye4rP023. ￿￿. Flnafthl knthFAenlT a98etsme65wed •lfwt4•h* YYW ?￿j $ifd*valL 1.685.￿2 £ 1.9&5,062 £ 2.166. eJq)enBe, urk6¥e¥. It￿￿419 chw8 th fowvkn. reuw•EBd rrt G￿n￿{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 eXan￿nath)n OF tr* actt￿nts of ￿ Wthh1￿ arKI Dor¥rt Oeaf and Hard of HtarirvJ ¢hwch28 Trust ltheTrust) for the ytrAr er￿je[l 31 D•eemk*r2024. sle SBt out on page5 3 tts R￿pon$1b1l1V0S aNI ba#ls of x As the thgrfty tsu$tèes ot the Trust you r￿p￿￿(blO f￿ the wep8th oftho aL¥tyrts In acco￿a￿r* ¥Ath thè r¢quir¢mèrts of lh8 Chafibes Aei 2011 Cthè Art). I rwrt in respect d my ex8n4nation of the Trusfs aCcO￿L8 rsrried (xrt ￿der sedoo 145 of the 2011 A¢t and In ¢arying out v*y ex8mln&tEOn I Iwe foknwed 8a the apt4rable tkntti)ns by Cl)arity Ccmmsslon under 8ecJon 14515j{bl ofttK Indèp¢ndentfyXomlnee$ stÉt*ne I hov• compl8ted my examjnation. l ¢onfirm th* IKJ material maU¥# ￿ wne tl rny attentlon In o)nneth)n wlti e èx8minaiion j￿ing me ￿￿e to believe that Hl Materf￿ respect 1. acctyjntlng r¢¢ord$ not kept in WFecI ol the TTr￿taS reqimred by 130 oltheA¢ or 2. the •rxounts not acKord wth those r8¢ords,' 3. the ￿oUnts do not eomptywHh aFplicablo r9qUw￿nelts the fom and content of aCcO￿t$Set out the Chwlties IA¢e4Rts and Rapirtsl Regulaik)rr6 2008 other than ary requireMW*￿jat the xcounts 9ive & and falr view ￿tIch is not a mattwLYrni(knd ￿ pw101￿ Inde* e¥amk¢r I hav• no ¢￿￿m$ and havo comg no otP*r matte15 kn L¥)nT*L%￿ 7th the axaminatbn to WI￿ atta￿¢ ¥hould be ¢kawn k) thL8 rewl kn ￿￿￿t0 8 prOperuEkY¢rs￿kn9 of Ihe acv)wtts to be re￿￿e N A Halls FCA Flet¢her & P8rtner¥ BThJge Street Salksbury