Charity registration number: 1169810
DEAFvibe UK
known as
Deafvibe / DVUK
Annual Report and Financial Statements
for the Year Ended 31 December 2023
DEAFvibe UK
known as Deafvibe / DVUK
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees Report | 2 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities | 8 to 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 19 |
DEAFvibe UK
known as Deafvibe / DVUK
Reference and Administrative Details
Trustees Elizabeth Julia Tizley (also known as Julie Hart), Chair Alison France, Secretary Rowena Toon, Treasurer Jayne Oakes Charity Registration Number 1169810 Principal Office Suite 21 2-4 Beaumont Road Tunstall Stoke on Trent ST6 6BE Independent Examiner Daryl Denson ACMA VAST The Dudson Centre Hope Street Hanley Stoke on Trent ST1 5DD Bankers Lloyds Bank Newcastle
Page 1
DEAFvibe UK
known as Deafvibe / DVUK
Trustees Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2023.
Objectives and activities
Objects and aims
(1) The relief of Deaf, Deafened Hard of Hearing and Deafblind people, including their families and carers, resident in Staffordshire and Stoke-on-Trent and surrounding areas by the provision of services, information, support, advice, education and facilities in the interests of social welfare and other leisure-time occupation with the object of improving the conditions of life of such people.
(2) The advancement of public education including but not limited to raising awareness of issues of deafness to the wider public.
DEAFvibe aims to support people who are Deaf, Hard of Hearing and Deafblind as well as their families, friends and carers in Staffordshire and Stoke-on-Trent.
It is DEAFvibe’s belief that all deaf people should be treated equally and with respect, that access to information & communication is provided without barriers or prejudice, promoting equal participation and opportunities in life.
Communication whether it be written, verbal or through visual information is a vital need to have a sense of belonging in society.
Our vision is:
• to create a safe, friendly and relaxed environment where individuals can communicate, share feelings and offer support to each other;
• to create a safe, friendly and relaxed environment where individuals can communicate, share feelings and offer support to each other;
• to create opportunities for individuals to accept and develop skills in coping with their own experiences of deafness or Deafblindness.
• to encourage individuals to use their expertise and knowledge to empower others;
DEAFvibe's philosophy is “Deafness = Equality & Access = Fairness”
VIBE is linked with what it means to have a hearing loss:
-
the feeling of sound through vibration;
-
picking up on vibes through visual clues;
-
the sharing of experiences of knowing what it is like to be deaf.
V.I.B.E. = “Visually Inclusive by Everyone”
Page 2
DEAFvibe UK
known as Deafvibe / DVUK
Trustees Report (continued)
Public benefit
During 2023, DEAFvibe continued with its monthly Café DEAFvibe on the 2nd Saturday of every month at Bradwell Lodge Community Centre, Newcastle under Lyme. The Cafés continue to be attended by BSL users, hard of hearing, deafened, deafblind people as well as hearing family and friends.
Trustees have been really pleased with attendance which demonstrates that the Cafes are valuable to the community that we serve. Whilst these Cafés are held on a monthly basis – the numbers attending (between 30 – 50) and has remained consistent throughout 2023 with new faces and old friends returning. This shows the value and importance particularly as we encourage and promote integration and inclusion for all by provision of BSL interpreters and Remote Speech to Text Reporter (STTR) – captioning.
The weekly VIBE have recommenced the face to face sessions by two committed volunteers who continued to support those who would otherwise be isolated.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Use of volunteers
DEAFvibe is run by the Board of Trustees (volunteers) and a strong committed team of volunteers who are Deaf, Hard of Hearing, Deafened, Deafblind and Hearing – it includes Friends of DEAFvibe as well as their families and friends.
Our commitment to ensure that this client group are “treated equally and with respect, that access to information & communication is provided without barriers or prejudice, promoting equal participation and opportunities in life” clearly demonstrates that DEAFvibe is fortunate to retain volunteers over long-periods of time.
As with any charity, we appreciate that volunteers come and go. It is our belief that when our volunteers do move on – they take with them the confidence, belief in themselves to explore new opportunities and share their learnings with other people they come into contact with and we see this as a positive achievement of our work.
Page 3
DEAFvibe UK
known as Deafvibe / DVUK
Trustees Report (continued)
Achievements and performance
As in 2022, DEAFvibe were able to re-negotiate with the Board of Trustees at Bradwell Lodge Community Centre a favourable rate for the permanent use / room hire of the DEAFvibe (Room Two) for 2023.
In addition to above room hire, there continues to be a separate charge for the hire of the main hall to deliver the monthly Cafe DEAFvibe sessions as a separate fee from Room 2. This fee also included the relevant charitable discount. This negotiation enabled us to remove the previous room hire costs for Rooms 1 and 3 (the latter is now no longer available to hire) alongside the main hall for a full 12 months.
In 2022, Royal Association for Deaf people (RAD) were able to secure funding from the Building Better Opportunities (BBO) project to deliver Information, Advice and Guidance (IAG) sessions in Staffordshire and Stoke on Trent and this workstream continued throughout 2023. This meant that deaf people living North Staffordshire could continue to access support as previously delivered via the DEAFvibe HUB. The IAG support included translation of letters, support with telephone calls, support with welfare benefits and general IAG. This support was delivered either face to face in the DEAFvibe room or via remote (video calls).
The RAD project also included support with Employment, Education, Volunteering and Training opportunities. From the Trustees’ perspective, RAD have worked really hard over the last 2 years to build up the trust with the wider deaf community in the delivery of this project particularly in areas outside of Newcastle under Lyme and they have submitted their own evaluations reports to their respective funding bodies.
It was imperative that DEAFvibe were in a position to maximise our own funding and the Grant from the Fisher Family Trust (see below) to benefit DEAFvibe and by paying for the main hall separately ensured that should we need to cancel a Café sessions, DEAFvibe would not lose out financially.
DEAFvibe were successful in receiving a Grant of £20,600 (Restricted Funds) from the Fisher Foundation Charitable Trust in November 2023 this will fund Rent for 2 years - Bradwell Lodge Community Centre to support with Room Hire costs.
Trustees have informed Friends of DEAFvibe at the monthly Cafes including the Fisher Family of the work we have been undertaking in identifying partner organisations to support DEAFvibe UK and to ensure its sustainability for the long-term future. We have reassured Friends that it is imperative that wherever possible that we are able to retain the name DEAFvibe UK particularly as this links us to the Queens Award for Voluntary Services as achieved in 2014.
Current Trustees have provided reassurance that they continue to remain committed to DEAFvibe for the foreseeable future.
Page 4
DEAFvibe UK
known as Deafvibe / DVUK
Trustees Report (continued)
As in 2022, 2023 has seen the Board of Trustees continue to rebuild its services and it has been important for everyone to reconnect with each other and strengthen attendance at the monthly Cafés
Ongoing commitment from Trustees due to other responsibilities such as increased pressure due to paid employment commitments, ongoing-health issues and family care needs as well as carer responsibilities continue to impact on DEAFvibe’s long-term sustainability. This has meant that Trustees have had limited opportunities and time to apply for funding streams as this requires a commitment to oversee, deliver and evaluate projects particularly as DEAFvibe do not have paid staff to support with this and are reliant on the Board of Trustees, Volunteers and Friends of DEAFvibe to support and assist with the running of DEAFvibe alongside any fundraising activities and donations. As a consequence, DEAFvibe continue to be entirely dependent on fundraising and donations.
Exploration of partnership working with other organisations to ensure the long-term sustainability of DEAFvibe UK has continued throughout 2022 and Trustees have been in communication with key organisations to discuss the future, opportunities and options.
Financial review
DEAFvibe is heavily reliant on fundraising activities by DEAFvibe Volunteers. We also receive donations from Friends of DEAFvibe and members of the public.
We apply for funding streams where appropriate for DEAFvibe UK.
However, due to funding constraints it has become more difficult for the voluntary sector to obtain / access funding streams successfully and this means we need to be more creative in exploring funding opportunities.
By raising the profile of the work we do, results in donations by individuals and other groups / organisation being made to support our work in the community which are very much appreciated.
The financial results are shown on pages xx to xx of this report.
Policy on reserves
The trustees have designated £12,000 of unrestricted funds to ensure they have sufficient funds to pay for room hire costs and the use of professional communication support (BSL interpreters and Electronic Notetakers) at DEAFvibe activities to ensure the activities through the year. This ensures our activities are accessible and inclusive. This remains of particular importance particularly as fundraising activities throughout 2023 have continued to be limited due to Trustees restrictions. On top of the designated funds free reserves at the period end stood at £6,018 (2023:£10,899).
Page 5
DEAFvibe UK
known as Deafvibe / DVUK
Trustees Report (continued)
Structure, governance and management
Nature of governing document
DEAFvibe UK is registered as a CIO (Charitable Incorporated Organisation) and commenced operation as from 1st January 2017 under our new Charity Registration Number 1169810 (Note: DEAFvibe UK were in existence as a CIO from 20th October 2016).
From the Board of Trustees perspective, this was a clear continuation of the Charity and its functions whereby the original Charitable Objects of DEAFvibe were transferred to DEAFvibe UK:
The main objectives of the charity are:
• the relief of deaf, hard of hearing and deafblind people, including their families and carers, resident in Staffordshire & Stoke-on-Trent and surrounding areas by the provision of services, information, support, advice, education and facilities in the interests of social welfare and other leisure-time occupation with the object of improving the conditions of life of such people.
• the advancement of public education including but not limited to raising awareness of issues of deafness to the wider public.
Recruitment and appointment of trustees
The trustees discuss the requirements for new trustees for the charity at their meetings. Potential trustees who attend the Cafes are identified by their skills, expertise and knowledge and approached on an individual basis. Advertisements are also placed in the press, on the website and on the charity's Facebook page. Written applications are then discussed at trustees' meetings before an interview process takes place. The trustees will have regard to the skills, knowledge and experience required for effective administration of the charity when appointing new trustees.
The annual report was approved by the trustees of the charity on ....................13/10/24 and signed on its behalf by:
Alison France
~~...............................~~ Alison France (Oct 13, 2024 16:38 GMT+1) .......... Alison France Trustee
Page 6
DEAFvibe UK
known as Deafvibe / DVUK
Independent Examiner's Report to the trustees of DEAFvibe UK
I report to the trustees on my examination of the accounts of DEAFvibe UK for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees of DEAFvibe UK you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the DEAFvibe UK's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
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:
-
accounting records were not kept in respect of DEAFvibe UK as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
...................................... Daryl Denson ACMA
VAST The Dudson Centre Hope Street Hanley Stoke on Trent ST1 5DD
11/10/24
Date:.............................
Page 7
DEAFvibe UK
known as Deafvibe / DVUK
Statement of Financial Activities for the Year Ended 31 December 2023
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | 2023 | ||||
| Note | £ | £ | £ | |||
| Income and Endowments from: | ||||||
| Donations and legacies | 1,544 | - | 1,544 | |||
| Other trading activities | 4,252 | - | 4,252 | |||
| Other income | - | 20,600 | 20,600 | |||
| Total income | 5,796 | 20,600 | 26,396 | |||
| Expenditure on: | ||||||
| Raising funds | (1,393) | - | (1,393) | |||
| Charitable activities | (9,284) | (3,439) | (12,723) | |||
| Total expenditure | (10,677) | (3,439) | (14,116) | |||
| Net (expenditure)/income | (4,881) | 17,161 | 12,280 | |||
| Net movement in funds | (4,881) | 17,161 | 12,280 | |||
| Reconciliation of funds | ||||||
| Total funds brought forward | 22,899 | 6,397 | 29,296 | |||
| Total funds carried forward | 11 | 18,018 | 23,558 | 41,576 |
The notes on pages 11 to 19 form an integral part of these financial statements. Page 8
DEAFvibe UK
known as Deafvibe / DVUK
Statement of Financial Activities for the Year Ended 31 December 2023 (continued)
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | 2022 | ||||
| Note | £ | £ | £ | |||
| Income and Endowments from: | ||||||
| Donations and legacies | 1,351 | - | 1,351 | |||
| Other trading activities | 1,975 | - | 1,975 | |||
| Total income | 3,326 | - | 3,326 | |||
| Expenditure on: | ||||||
| Raising funds | (967) | - | (967) | |||
| Charitable activities | (2,391) | (6,845) | (9,236) | |||
| Total expenditure | (3,358) | (6,845) | (10,203) | |||
| Net expenditure | (32) | (6,845) | (6,877) | |||
| Net movement in funds | (32) | (6,845) | (6,877) | |||
| Reconciliation of funds | ||||||
| Total funds brought forward | 22,931 | 13,242 | 36,173 | |||
| Total funds carried forward | 11 | 22,899 | 6,397 | 29,296 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 11.
The notes on pages 11 to 19 form an integral part of these financial statements. Page 9
DEAFvibe UK
known as Deafvibe / DVUK
(Registration number: 1169810) Balance Sheet as at 31 December 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Current assets | ||||
| Debtors | 9 | 5,814 | - | |
| Cash at bank and in hand | 36,329 | 30,352 | ||
| 42,143 | 30,352 | |||
| Creditors: Amounts falling due within one year | 10 | (567) | (1,056) | |
| Net assets | 41,576 | 29,296 | ||
| Funds of the charity: | ||||
| Restricted income funds | ||||
| Restricted funds | 23,558 | 6,397 | ||
| Unrestricted income funds | ||||
| Unrestricted funds | 18,018 | 22,899 | ||
| Total funds | 11 | 41,576 | 29,296 |
The financial statements on pages 8 to 19 were approved by the trustees, and authorised for issue on ....................13/10/24 and signed on their behalf by:
Alison France
~~...............................~~ Alison France (Oct 13, 2024 16:38 GMT+1) .......... Alison France Trustee
The notes on pages 11 to 19 form an integral part of these financial statements. Page 10
DEAFvibe UK
known as Deafvibe / DVUK
Notes to the Financial Statements for the Year Ended 31 December 2023
1 Accounting policies
Statement of compliance
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 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
DEAFvibe UK meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Page 11
DEAFvibe UK
known as Deafvibe / DVUK
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 12
DEAFvibe UK
known as Deafvibe / DVUK
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
2 Income from donations and legacies
| Unrestricted | |||
|---|---|---|---|
| funds | Total | ||
| General | 2023 | ||
| £ | £ | ||
| Donations and legacies; | |||
| Donations from companies, trusts and similar proceeds | 1,544 | 1,544 | |
| 1,544 | 1,544 | ||
| Unrestricted | |||
| funds | Total | ||
| General | 2022 | ||
| £ | £ | ||
| Donations and legacies; | |||
| Donations from companies, trusts and similar proceeds | 1,351 | 1,351 | |
| 1,351 | 1,351 | ||
3 Income from other trading activities
| Unrestricted | ||||
|---|---|---|---|---|
| funds | Total | |||
| General | 2023 | |||
| £ | £ | |||
| Fundraising events | 805 | 805 | ||
| Cafe, raffle and refreshments | 3,447 | 3,447 | ||
| 4,252 | 4,252 | |||
| Unrestricted | ||||
| funds | Total | |||
| General | 2022 | |||
| £ | £ | |||
| Fundraising events | 212 | 212 | ||
| Cafe Income/sales,entrance fees, raffle, refreshments | 1,763 | 1,763 | ||
| 1,975 | 1,975 | |||
Page 13
DEAFvibe UK
known as Deafvibe / DVUK
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
4 Expenditure on raising funds
a) Costs of trading activities
| Unrestricted | ||||||||
|---|---|---|---|---|---|---|---|---|
| funds | Total | |||||||
| General | 2023 | |||||||
| Note | £ | £ | ||||||
| Cafe | expenses | and | refreshments | 1,393 | 1,393 | |||
| 1,393 | 1,393 | |||||||
| Unrestricted | ||||||||
| funds | Total | |||||||
| General | 2022 | |||||||
| Note | £ | £ | ||||||
| Cafe | expenses | and | refreshments | 967 | 967 | |||
| 967 | 967 | |||||||
Page 14
DEAFvibe UK
known as Deafvibe / DVUK
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
5 Expenditure on charitable activities
| Unrestricted | |||||
|---|---|---|---|---|---|
| funds | Restricted | Total | |||
| General | funds | 2023 | |||
| £ | £ | £ | |||
| Administrative expenses | 890 | - | 890 | ||
| Communication support | 2,661 | 1,369 | 4,030 | ||
| Insurance | 500 | - | 500 | ||
| Room hire | 4,604 | 2,070 | 6,674 | ||
| Volunteer expenses | 62 | - | 62 | ||
| 8,717 | 3,439 | 12,156 | |||
| Unrestricted | |||||
| funds | Restricted | Total | |||
| General | funds | 2022 | |||
| £ | £ | £ | |||
| Administrative expenses | 1,077 | - | 1,077 | ||
| Advertising and promotion | 266 | - | 266 | ||
| Communication support | - | 2,345 | 2,345 | ||
| Insurance | 475 | - | 475 | ||
| Room hire | - | 4,500 | 4,500 | ||
| Volunteer expenses | 33 | - | 33 | ||
| 1,851 | 6,845 | 8,696 | |||
In addition to the expenditure analysed above, there are also governance costs of (2022 - ) which relate directly to charitable activities. See note for further details.
Page 15
DEAFvibe UK
known as Deafvibe / DVUK
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
6 Analysis of governance and support costs
Governance costs
| Unrestricted | |||
|---|---|---|---|
| funds | Total | ||
| General | 2023 | ||
| £ | £ | ||
| Independent examiner fees | |||
| Examination of the financial statements | 567 | 567 | |
| 567 | 567 | ||
| Unrestricted | |||
| funds | Total | ||
| General | 2022 | ||
| £ | £ | ||
| Independent examiner fees | |||
| Examination of the financial statements | 540 | 540 | |
| 540 | 540 | ||
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
8 Taxation
The charity is a registered charity and is therefore exempt from taxation.
9 Debtors
| 9 Debtors |
||||
|---|---|---|---|---|
| 2023 | ||||
| £ | ||||
| Prepayments | 5,814 | |||
| 10 Creditors: amounts falling due within one year | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Accruals | 567 | 1,056 | ||
Page 16
DEAFvibe UK
known as Deafvibe / DVUK
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
11 Funds
| 11 Funds | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at 31 | ||||||||
| Balance at 1 | Incoming | Resources | December | |||||
| January 2023 | resources | expended | 2023 | |||||
| £ | £ | £ | £ | |||||
| Unrestricted funds | ||||||||
| General | ||||||||
| General unrestricted funds | 10,899 | 5,796 | (10,677) | 6,018 | ||||
| Designated | ||||||||
| Rent | 5,000 | - | - | 5,000 | ||||
| Interpretation | 7,000 | - | - | 7,000 | ||||
| 12,000 | - | - | 12,000 | |||||
| Total unrestricted funds | 22,899 | 5,796 | (10,677) | 18,018 | ||||
| Restricted funds | ||||||||
| Intu | 627 | - | - | 627 | ||||
| Staffordshire County Council | ||||||||
| Community Learning Trust - | ||||||||
| Lipreading | 2,142 | - | - | 2,142 | ||||
| Newcastle under Lyme | ||||||||
| Borough Council Cultural | ||||||||
| Grant - Art | 534 | - | - | 534 | ||||
| Fisher Charitable Trust | 3,094 | 20,600 | (3,439) | 20,255 | ||||
| Total restricted funds | 6,397 | 20,600 | (3,439) | 23,558 | ||||
| Total funds | 29,296 | 26,396 | (14,116) | 41,576 |
Page 17
DEAFvibe UK
known as Deafvibe / DVUK
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
| Balance at 31 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Balance at 1 | Incoming | Resources | December | |||||
| January 2022 | resources | expended | 2022 | |||||
| £ | £ | £ | £ | |||||
| Unrestricted funds | ||||||||
| General | ||||||||
| General unrestricted funds | 10,931 | 3,326 | (3,358) | 10,899 | ||||
| Designated | ||||||||
| Rent | 5,000 | - | - | 5,000 | ||||
| Interpretation | 7,000 | - | - | 7,000 | ||||
| 12,000 | - | - | 12,000 | |||||
| Total unrestricted funds | 22,931 | 3,326 | (3,358) | 22,899 | ||||
| Restricted | ||||||||
| Intu | 627 | - | - | 627 | ||||
| Staffordshire County Council | ||||||||
| Community Learning Trust - | ||||||||
| Lipreading | 2,142 | - | - | 2,142 | ||||
| Newcastle under Lyme | ||||||||
| Borough Council Cultural | ||||||||
| Grant - Art | 534 | - | - | 534 | ||||
| Fisher Charitable Trust | 9,939 | - | (6,845) | 3,094 | ||||
| Total restricted funds | 13,242 | - | (6,845) | 6,397 | ||||
| Total funds | 36,173 | 3,326 | (10,203) | 29,296 |
The specific purposes for which the funds are to be applied are as follows:
Designated Funds
The trustees have chosen to designate £12,000 of general unrestricted reserves to enable the chairty to provide continuing services to its' beneficiaries in the evenf of there being no other sources of funding available.
Rent - to cover twelve months rent costs should the charity be unable to source sufficient alternative funding.
Interpretation - to cover twelve months interpretation costs should the chairty be unable to source sufficient alterrnative funding.
Restricted Funds
Fisher Charitable Trust- grant to help continue the work.
Page 18
DEAFvibe UK
known as Deafvibe / DVUK
Notes to the Financial Statements for the Year Ended 31 December 2023 (continued)
12 Analysis of net assets between funds
| Total funds | |||||||
|---|---|---|---|---|---|---|---|
| at 31 | |||||||
| Unrestricted funds | Restricted | December | |||||
| General | Designated | funds | 2023 | ||||
| £ | £ | £ | £ | ||||
| Current assets | 6,585 | 12,000 | 23,558 | 42,143 | |||
| Current liabilities | (567) | - | - | (567) | |||
| Total net assets | 6,018 | 12,000 | 23,558 | 41,576 | |||
| Total funds | |||||||
| at 31 | |||||||
| Unrestricted funds | Restricted | December | |||||
| General | Designated | funds | 2022 | ||||
| £ | £ | £ | £ | ||||
| Current assets | 11,955 | 12,000 | 6,397 | 30,352 | |||
| Current liabilities | (1,056) | - | - | (1,056) | |||
| Total net assets | 10,899 | 12,000 | 6,397 | 29,296 | |||
13 Related party transactions
There were no related party transactions in the year.
Page 19