NRCPD (A company limited by guarantee) UNAUDITED FINANCIAL STATEMENTS Year ended 31 December 2023 Charity No: 1170904 Company No: 10510695
Contents Pago Rrence and adrninistratlve detab ol the Chariiy. its Trustees and Advi1$ Trustee$, Annual Report IndendaNt Examiners Raport Statenwnl of FlnawAal Altres 10 B81anr Sh99t 11 Stalen*nl of Cash F¥S 12 Notes to the FlnarKid Ststem8nts 13-22
ReferenGe and administrative details of the Charity, its Trustees and Advisers Status The organisation first becarne 8 registered charity in December 2016 8nd is a mpaThy limit8d by guarantee. Dlrectors E M Duncan (ResSgned 31 December 2023) D Marshall R Ma¢Queen H Maxwell-Hy$lop (Resigned 31 December 2023) E Cordaro A Lees H Palmer (Resigned 31 December 2023) D Ahler (Apwlnted 1 January 2024) P Challinor (Appointed 1 January 2024) G Hay (Appointed 1 January 20241 C Hemmingway (Appolnted 1 January 2024) T Holroyd {Appointed 1 January 2024) A Murray {Apwintsd 1 January 2024) P Rees (Appolnted 1 January 2024) A Sikder (Appointed 1 January 20241 T Thomas-morton (Appointèd 1 January 2024) Secretary A Lees Key Management Personnel T Thomas-morton Registered office and principal address Portland Hous8, Belmont Business Park. Durham. DH1 1TW. Independent Examln¢r Azets Audit SeNi¢es, Wynyard Part( House, Wynyard Avenue, Wynyard, TS22 5TB Principal bankers N8twest Bank Plc. 12 Market Place, Durham, DH13NG. Solicitors Lupton Faw¢ett LLP, Stsmford Houge, Pic£8dilly, Yorf(. Y01 9PP. Page | 1
Trustees Annual Report Year ended 31 December 2023 Charlty No: 1170904 Company No: 10510695 The trustee8, who are dlrectors of the charity for the purposes of company law, present thelr report and the unaudtted financial ststements for the perlod from 1 January 2023 to 31 December 2023. Structure, govornance and managgmont The charttable company Incorporated on 5 Decemter 2016, commenced tradlng on 1 January 2017, and is organised through a Board of Trustees through whom all business 15 conducted. The charitable company's goveming documents are its Mefflorandum and Articl8s of Assodatlon dated 31 December 2019. Trustees are ellgible to serve up to tems of four years each. Trustees are generally recruited through open th8rtising against the skills and experience needs of the board. Induction sessions are h8kl for new trustees uFon appointment which includes an update presentation and attendance at tralning. New trustees are provided with an induction pack which includes issues of 'charitable purpose. and 'publi¢ benefir. Trustees are satisfied that NRCPD meets the criteria of our charttable objects and of 'public benèfiv,. Day to day management of the charty in the period was delegated to the Chief Executive. Theresa Thomas-morton. Objeclives and princlpal actlvltles The charlty's alms NRCPD'S objects 8re'. To promote the needs of and prolect deaf, deafened, hard of hearing and deaf blind P8ople, by promoling the quality, conduct and professionalism of all communirAtion professionals,. and The advancement of edLtIOn. for the benefft of the publlc In relation to the issues facing deaf, deafened, hard of he8rfng, and deaf blind people. We do thls by regu18ting communicatlon professionals working with deaf 8nd deafblind people throughout the UK, and by ralslng 8W8renes5 of the barriers to access faced by deaf and dealblirKI people.
Trustees Annual Report Year ended 31 December 2023 The charty's beneflclarles Deaf, deatened, hard of hearing and deafblind people benefit from NRCPD'S work as well as anyone who is cMmunting with deaf, deafened, hard of hearing and d8afolind people. Equal acce5S to our services is important to us and we work throughout the UK to ensure that provlslon is as wdespread as possible. NRCPD was established to regulate and standardise communication support used belween deaf. deafened. hard of hearing. deafblind and hearing people. NRCPD responds to the needs of benefici8rfes through engagement wh stakeholders, deaf individuals and organlsations and Ihrough representation on the Board of Trustees. We have referred to thè Charity Commission's general guidance of public benefft when reviewing our objectives and in developing our stratsgi¢ and operalional plans. The Current strategy for 2021-23 Strategic Foundations was launched in April 2021: Our Vlslon.. a soclety where excellence In language sèrvlees empowels unlimlted Incluslon for dlDeaf and dealblind people. Our Purpose: maintain trusted standards of language seNices betsvèén deaf and h8aring Feople and work with others to raise awareness of the communication barriers that limit inclusK*n for dlDeaf and deafolind people. The 8tr8tegy 88t out 8ix strategic aims: Understand our stakeholder8 Strengthen Regulation Develop the Professions Buikl Networks Influence for Chance Sustainable Business The strategy is reviewed annually to ensure all activiti8s remain in lin8 with the of the charity as businèss conditions change. Pay and remuneration setting for key man8gernent personnel is undertaken by the Chair with support from the Board of Trustees who looked at affordabllty, benchmarking. changes in roles and respons1bllIes. and market forces. Page | 3
Trustees Annual Report Year ended 31 December 2023 Stratoglc Roport Achlèv•m•nts and pgrfomianGe In the year to 31 December 2023 the maln achievements for NRCPD have b88n: Operatlons Understandin Slakeholders NRCPD has been activety engaged in attending communty and professional 8vents to ensure Ihat we have purposeful engagement with our stakeholders. This h8s included attendance at Deaf Day, wsits lo Univetsiti&s responsible for developing Language SeNKe PrOfesSn41$ and attendance at PrOfvsSnal AssOation Conforenc8s and WkShOps. We have be6n committed to att8nding increased in person events, as we understand hi)w impactful this can be, partKularly to d/Deaf and deafblind people. The Board of Tnistees has also increased to Include a gre8t8r number of 8takehdder represgntatives, including a ¥Yider cross section of reglstrants lo represent the professK)ns that we regulate, and an increase in d/Deaf conwnunity representation. As we mova through 2024, we will be Increasing our in person visits, focusing on local communty Lyganisations in recognitR)n th81 these local organlsations are plaGes of trusted inform81ion and, as such, creale an oppc¥funity imp8crful engagement and awarene88 raising. Stre then re ulation The new NRCPD Professional Conduct and Complaints procedure was published and adminlstered in 2023. The new procedur8 is underpinned by the pnnciples of natwaljuslice and right touch, regulation. AlongsKle the newproc6dure, we developed further guidance to support the procedure. The addltion of an ind8pendent rngistrnr has strengthened IVRCPD s rggulallon by ensuring an independent. and appropri81ety qualified, d8cision maker is invofved in all rrtness to pr8Ctice pmceduTrs. including registratlon appliG8tions 8ndpmf888ional Gonduct processes. To achi8v8 '1ight touch regulatn, further guid8nce and clearpathways was requirnd for Regulated Trainee8 and those supp(yting Ihese developlng professionals. NRCPD clarified the guidance for Regulated Trainees and, in 2024 will provide fvrther gunce and training to Senior Practitioners and Pr8Ctice Assessors to ensure effective andresponsive regulation is applied to Regulated Tr8inees. Registration catewS for Registered Interpreters for Deafblind people were developed Mth the background portal Ghanges instigal&d. 2024 wi71 see the launch of these new categories, whiGh will giv8 greater clarlty fo serwce users and requestors. Pa
Trustees Annual Report Year ended 31 December 2023 Develo he Professions The not8t8kiry and STTR training was und8rtakgn in 2023, increasing the number of registered notetakers and srrRs. Guidance for Regulated Trainees, Senior pr8drtnerS and Pradice Assess$ was Completed 8nd prepared lorpub18ti0n and updated training in 2024. The Restered InteterS forDeathlind people s Cateie$ weTr ola17fied and the NRCPD tal und8nYent d8v&lopment to 811ow for Ihe expansion of th9 c8t8gorfes. NRCPD Continued to k with Professional AssoGiations and LSP Educaftys in the provision of tralning and guldance for Language ServirE Professionals. Build Nehvorks NRCPD continues to build networks with Professional AssoCtIOns, PublK Sector Bodies and Partner Organisalions. NRCPD'S emergence as an independent voice in the se¢torhas been enabled by tha clear strat8gic stalemgnl of vision and mission we have set oul, and ow willingness to partner wlth other OrganIsatnS on matters of GlMOn Interest. Influence for chan NRCPD has focused its efforts on Ihe area of procurement, to ensure thal Ihe Ilnguistic needs of Deaf and deafblind p60ple are considered al contract level. Our Involvemgnt in rh8 BSL Alliance group continues our commitment to work collaboratively with partner or98n1satn8 to ensure Ihe Brifish Govemmenl has ewdence to support thelr wk and apply th8 BSL Act. R•glstratlon NRCPD h8$ histLYi¢ally seen year on year increases in registratnS and Ihis has Gontinued in 2023- yearty averag8 is an incrgase of 60 registrants per ygar. Growth In 2Q23 was 101 additional registrants across the professlons. At 31/12/2018= 1551 AI 3111212019= 1631 ("1590) At 31/1212020- 1617. At 31/q212021 = 1667 At 31/12/2022 = 1803 At 31/12/2023 = 1904 "Fmm 2020 omvards regASt8r figures ar8 adjusted for dualregistralions-people rw"stsrgd in more than one ProfesOn. The adjusled figure for 2019 is inGluded for LX)mpwison and shows reglst8r growth of 27 fl. 7%) for 2020. Figwes reported in wewous years were unadjust8d (il8liGS). Page | 5
Trustees Annual Report Year ended 31 December 2023 Financial review Qur upskilling in th8 complainls team h88 18d lo complaints GOSt8 remaining wilhin manag8able levels within thè overall out tum for the year. There has been some syn of inllationary pressures on our overh&8ds in 2023 (and Ql 2022), and we expect this to continue through 2024. This had an effect on our development costs, howèver carefijl budgeting and focused out tum resulted in a posltive year end. There was some st8ff tumover towards Ihe end of the year that requlred cargful management of specialist roles. We engaged the services of 8n Independent Reglstrar and now have a staff team with the appropriate skills and qualiTKations to undertake the ce lUnCtu of NRCPD. In sum, carefvl budget Man8ment has rnsulted in a £37K surplus outtwn in 2023 and registratlon growth in exGe$8 of forecast (S. against target of 3%). Once again therefore NRCPD has managèd to spend more on charitable 8Gtivity whilst also malntaining an inflalion- based pay nse for staff and keeping registration fees static. This will conlinue to be the baseline finance stralegy so that inflation and increased activty is Vered by gr0h and not wilh fee rises. Though we continue ¢0 kegp this under revlew. Debtor and credlfor (respectively fees owed and mainly fees in 8dvance) figures remaln stable as a proportion ofincome. KPIS The Board Monitc8 performance on the following indicators tr 2023." Free reserve levels- above £728k Current ral- above 1.5 Register growth - 3% or higher Nel surpluderlcil- net surplus Prlnclpal rlsks and unGertainlios Tmstee8 review risks annually to identfy and all known risks to the charity as part of the annual planning cycle. 4opropriate mltlgaling actions are idenllfied, and th8 effectiveness ol these aCtS rnonrfed. The process Is overseen by the Board of Truslees. The Board consider these are the key ne8r- and medlum-term risks ft)r NRCPD.. Reversal of r8gister growth during organisational Change Ongoing compliance risk.. GDPR, employment law elc Fin8nci81 sustainability Loss of key personnel Pa
Trustees Annual Report Year ended 31 December 2023 R•sgrvos NRGPD cuffently has one unrestricted reserye- an unrestrlcted General Reswve. There Is 8 need to maintain a level of general reserves to enable the charity to COP9 with a variety of @vents, either day to day or exceptional. NRCPD helVe5 that ils reserve$ must be managed as a valuable assel for the organisation. As such it is important to balance the need lo spend the r8served income of the charity th the potenti81 risks th81 may be faced In the future. Malntenance of reserves levels NRCPD maintains unrestrKled re8erve$ at 8 level to cover unforeseen en7ergency costs or fall in income aring from business inteffuption or oessatin. t8 from complex miswnduct Gompl8int Gases (x extem81 enwronmenlal 18Ctcrs. The amounf consldered appropriale for thls underpre-covld conditlons was £117k at the end of 2020. Adjusted for Covid risk the Board agreed the mininpum reserves at the end of 2020 We to be £155k. Trustees will not now appmve any annual budget that will reduce unr•stnct8d res8rv8s below this18v61. Ftse rnseNe levels (net funds less fixgd assets) at 31 December 2023 were £284, 954 and the addrfional res8rve funds will contribute to developing NRCPD capability and aotivty. Trustees reviewed the required reserve levels In February 2023 and h8ve set a minimum of £128.000 for the end of 2023. The Future Future admtles in 2024 .11 concentrate on dellverlng agalnst the strateg Found81N)ns, most signifKantly in these areas.. Understanding Stakeholders.. Increasèd face to face engagement with the De8f and dealblind L))mmunty Continued engagement wmh Professlonal Assocwtions and oth8r Profession reKwes8ntatis Str8ngthening regulation.. Developing the infrastructur& to support the adminlstration of 'iight touch regulation, D6v81oping the prOfessnS.. consK1eratn of other registration categorfes, Including Communication Support worker and Trainee knpspeak8r Building networks." establishing addit81 st8keholder forums Influence for changa ergagemènt with Government undw the BSL A Sustainable Business.. growlh olgrant bidding, O&D. compliance (legal. yber, VA T, GDPR). NRGPD Is G¢)mmlltsd to fortlfylng our framgworks, enhancing VIbIlItY, ensurlng a balanGed regulatory approach and aligning our praGtices with contemporary volunlary regu181ion st8nd8rds, all aimed at fostering gre8terwOfessnall8rn and accountability within the s8ck¥. Page
Trustees Annual Report Year ended 31 December 2023 Statement of trustoes, responsibilitles The trustees (who are also directors of NRCPD for the purpo$8s of comp8ny18w) are responsible for preparing the Trustees'Annual Report and the fln8ncial slalements in a¢cord8n¢e with applicable law and Unfted Kingdom Accounting St8ndards (United Klngdom GenerallyAGcepted Accounting PractKe). Company law requires the truste6s to prepa financial slatements for each financial year whlch give a true and fair view of the state of 8ff8irs of the Ghan'table company and the group and of the incoming resources and applicatwi of resources, irKluding Ihe income and expenditure, of the charitablg group for that p. In prep19 these financial statements. the trustees are requKed to." select suitable accounting polIc8 and then apply th8m cvn8iStently," • observe the methods andpnnciples in the Gh8nties SORP,. • make Judgments and estimates thal are reasonable and wudent.. state whether applic8ble UKAccountlng Standards have been ft)Ilowed, subject to any materlal d8partures disclosed and explained in th8 fin8nci81 st8tements,- and prepare the financial statements on Ihe golng conwn b8$is unléss it Is Inapproprlate to pSUMe that the charitable company wi71 continue In buslness. The truste6s a resFX)nsible for keeping proper accounting recor(Is which disclose reasonable accuracy al any time the financi81 position of the company and enable them to ensure that the financlal stalements comply wth the Companies Act 20, the Charliles Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 and the Charilles Accounts {Scotland} Regulations 2006. They are also responsible for safeguardlng the assets of the company 8nd hence for taking reasonable steps for the prevention and detection of fraud and other irregulartties. Statement as to compliance of the financial statoments The financial 5talements comply wilh the Charities Act 2011, the Companies Act 2006, th8 organbsation's Mernorandum and Artides of AsslatIOn and Accounting and Reporting by Charities Statement of Recommended Practice applicable to Charities preparing their accounts in accordance wtth the Financial Rerxjrtlng Standard applicable in the UK IFRS 102). Approved by a meeting of the Board of Trustees on behalf by.. 9 July 2024 and slgned on their Trustee.. Gordon Hay, Chair Trustee: Alan Lees. Treasurer Pa
Indepondont Examlnorfs Roport to the Trust8•s of NRCPD IA Company Llmlted By Guarantso) I rekK)rt to the charlty trusteès on my examination of the accounts of the company for the year ended 3108¢8mb8r 2023 which are set out on pages 10 to 22. Responslbllltles and bas1$ of report As the charity trustees of the company land also its diréctors for the purposes of company law) you ar8 responsible for the pmpaTation of the aUnts in accordance with the requirements of the Companies Act 20 I'the 2006 Act.). H8ving 8atl8fied my3eff that the accounts of the company are not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I reFX)rt in respect of my examination of your company's accounts as carried out under section 145 of the Charities Art 2011 ('the 2011 Arf). In Carrying out my examination I have followed the Diractions given by the Charlty CommSsslon urKler sectlon 14515Xb} of the 2011 Act. Indepond•nt oxamlne¢s statsm•nt sin the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confim that l am qualified to undert8ke the examinatlon because l am a member of The Institute of Charted Accountants in England and W81es, whlch is one of the Ilsted bodles. I have completed my examlnatlon. I conffim that no matter5 have com8 to my attenllon in connectlon wlth the examSnallon giving me cause lo b81i6ve that in any materlal respect= accounting records were not kept in respect of the company as requlred by section 386 of the 2006 Act,. or 2. the accounts do not accord with those records.. or 3. the accounts do not comply with the accounllng requirements of section 396 of the 2006 Act other than any requirement that the a¢¢ounts give a 'true and fair view. which Is not a matter considered as part of an independent ex8mination' or 4. the accounts have not been prepared in accordance with the meth¢xls and principl8S of the Statement of Rewmmended Practice for a(tounllng and reporting by charities applicabb to charities preparing their aonts in accordance with the Financlal Reporting Stsndard applicable in the UK and RepubllG of Ireland (FRS 1021. I have no concems and have come across no other matters In conn8c*ion wtth the examination to whh attention should be drawn in this report in order to enable a propor understsnding of the accounts to be reached. Signed: Graham Fitzgerald BA FCA DChA On behalf of Azets Audri Services Wynyard Parf( House, Wynyard, Billlngham. TS22 5T8 Date: Page 19
Charitable Company Statement of Financial Activities for the period Year ended 31 December 2023 (including Income and Expenditure AGGount) Unreslrfcted Rostrlctod Total funds Funds Funds 2023 Total funds 2022 Note Income from: Charitable actlvldes Registration Other Income 383.109 3.135 383,109 3.135 376.045 5,500 10,0(M) Lottery grant income Inveslment 7,153 7,153 1.352 Total income 393.397 393.397 392,897 Expendlturo on: Charitsble actlvitie8.' Registration 28 333.734 4,345 338,079 435.614 Other 2b 18.085 18.085 13,070 Total éxpenditure 351,819 4,345 356,164 448,684 Net movement in funds 41,578 (4,345) 37,233 (55.7871 Reconciliation of funds Totsl fufKls brought forward 252,106 4,345 256,451 312,238 Transfers Total funds carried fonward 293,684 293.684 256,451 AII op8ralions derNe from continulng activities. Page | 10
Company Numbor: 10510695 {England and Wal•s) Charltable Company Balance Sheet as at 31 December 2023 2023 2022 Fixed Assets Tangible assets Total fixed assets 8,730 8,730 18,321 Current assets Debtors Cash at bank and In hand 37,940 470,692 38,959 400.308 508.632 439,267 Credllors: Amounts falllng due wlthln ono year 10 (223.678) {201,137} Not current assets 284,954 238.130 Net assets 293.684 256.451 Funds of tho charity: Unrestrlctsd funds: General funds 12 293,684 252.106 Rostrlct•d funds 4,345 Total funds 293,684 256.451 For the year erKllng 31 Oecember 2023 the company was enlilled to exemption from èudit under section 477 of the COmpanS Act 2006 ralating to small companies. . The members have not requwed the c(Ynpary to obtain an audtt gf its accounts for the year in question in accordance with seCtn 476, . The directors acknowledge their responsibilities for complying with the requiraments of the Act with respect lo accounting records and the prepar81KJn of accounts. These accounts have been prepar8d In 8cccKdance wlth th8 provislons appllcable to companles sutyect to th& small mpanIeS, regime. The financlal statements on pages 13 10 22 were approved by the Board of Trustees and authorised for issue on 2024 and were Signed on their behaif by.. Trustee.. Gord1 Hay. Ch*'r Trustee.. Aian Lees, Treasurer Page | 11
Company Number: 10510695 Statement of cash flows Year ended 31 December 2023 2023 2022 Net cash flows from operatlng actlvlllos 15 70.504 (49,902) Cash flows from inv•stlng adiviti•3 Additions {120) (2,065) Nel ¢ash from Invgsllng actitI 70,384 {51,967) Increase (de¢aSe) in cash and cash equivalents in the year Cash and Cash equivalents al the beginning of the year 70.384 400,308 (50,470) 450,778 Total cash and Ga3h oquivalonts at the •nd of Ihe year 470,692 400.308 Relatlng to: Cash at bank and in hand Short term inv8strnents 470.692 400,308 Total cash and Gash oqulval•nts at tho and of the year 470,692 400,308 Page | 12
Notes to the Financial Statements for the year ended 31 December 2023 1. Accountlng pollcl•s 1a) Basls of preparatlon NRCPD ig a charitabl8 company, limtted by guarantee, reglstered in England. The address of the Gharity's registered office and princlpal place of busine&8 is Portland Hous8, Belrnont Buslness Park, Durham. DH11TW. NRCPD meets the definlon of a public ben8frt 8ntty under FRS 102. The charity exisls for th8 nefrt of the publlc Ihrough promoting the quality, conduct and professionalism of all communlcation professionals working with d8af, dgafened. hard of hearing and deaf bllnd people, and through the advancement of education in relation to the issues facing deaf. de8fened. hard of hearing. and deaf blind people. Thes& financial statsments have been prepared in accordance with 'Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparrng Iheir afxounts in accordanc8 Wlth the Financi81 Reporting Slandard applicable In the UK and Republ of Ireland {FRS 1021. (Charities SORP IFRS 102)). and the Companies Act 2006. Assets and liabilities are initially reccgnised at historical cost of tranSaCtn value. and In accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities, (Charities SORP (FRS 102)) and the Companies Act 2006. Golng concorn The charity had totsl funds of £293.684 as at 31 Dec8mb8r 2023 (increase of £37.233 from 31 December 2022) and a year4nd cash balance of£470,692 {2022.' £400,308). At the time of approving the financial st8tement8, the trustees have a rèasonable expectation that the charity has adequate resources to continue in oper8tional existen for the foreseeable future. Thus, the trustaes continue to adopt the going COnM basis of accounting in preparing the financial statements. 1b) Incomlng rosourc88 All income disclosed in the Statsment of Financial Activities is shown on 8n entitlement b3518. All grant incom8 is shown on an entitlement basis, except for restricted funds, vthere any income rec8Ned in advance of expenditure 1$ taken to the Statement of Financial Activities when th8 charity becomes uncondition81ty entled to the grant. Fees for reglstrations 8re normally invoiced in advance and those applicable to the year accounted for in the Statement of Financial Aclivities. Fees received during the year applicable to future periods are shown as deferred Income in the balance sheet. 13
Notes to the Financial Statements for the year ended 31 December 2023 1. Accounting pollcl•s {continuod) 1¢) Expendlturn Resources expended are recognised in Ihe period in which legal or Gon5tructive obligation arises and include attributable VAT. which cannot be recovered. Resources expended are allocated to the parbcular activity to which the cost relates. However, the (x)st of overall direction and administration of each activity, comprislng the salary and overhead costs of the centr81 function. Is apportioned based on an estimate of the staff tirne. Governance costs relate to the costs associated wth meeting the constitutional and ststutory requirem8nts of the charty. 1d) Penslon costs Contributions to defined contributlon heMeS are Charged to thg Statemenl of Financial Activitiés as they are incurred. le) Funds Unreslrlcted funds are generated surplu8es of the group without further specified purpose and are avallable as general funds. Designated funds are unrestricted funds, eamiarked by the trustees frjr particular purpos85. Restrlcled funds are lo be used for specific purposes as prescrlbed by the donor. Expendtture which meets these criteria is charged to the fund, together with a fair allocation of management and support costs. lfj Taxation The charity is a regislered charity and is exempt from tax on income and gains falling wilhin $8clion 505 of the Taxes Act 1988 or $256 of the Taxable Chargeatle Gains Acl 1992 tr) the extent that these are applied lo its charitable objects. No tax chargès have arfsen in the charity. 19) Cash at bank and in hand Cash 8t bank and Gash in hand Includes cash held al bank and cash held in short term investments. 1 h) Flnancial Snstrum¢nts The charty has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 '0ther Financial Instruments Issues. of FRS 102, in full to all of ils financial inslruments. All of Ihe charities financlal assets and financial liabilities qualfy a$ basis financial Instruments. Basic Financlal instruments are inillalty recojnised at transartion value and subsoquendy measured at their settlement value. 14
Notes to the Flnancial Statements for the year ended 31 December 2023 Accountlng pollcles (continued) Financial ass$. Trado and other d•btor5 Trade, group and other debtors (including accrued income) which are receivable wllhin one year and whlch do rM)t constitute a financing transaction are inltlally measured at the tran&%tion pric8 and sub5equenly measured at amortised cost, b8ing the transaction pdce less any amounts settled and any imp8irnnt losses. A provision for impaimient of trade debt0 is e$tsblished when there Is obJectiV8 evidence that the amounts due will not be collected accordlng to the original tern of the contract. Impairnent losses are recognlsed in profrt or loss for the excess of the carrying value of the trade debtor over the present value of the future cash Ilows discounted using the original effective interest rate. Subsequent reversals of an Impalmnt loss that objactively relate to an evenl occurring after the impaiment loss was re¢ognised, are re(x)gnised immediatety in profit or loss. Flnanclal liabllltlas: Trado and other credltor8 Trad8, group and other (Yeditors {induding aal$l payable within one year that do not consttlute a financing transaction are inrf(ially measured at the transaction price and subsequently measured at 8mortised cost, belng the transaction price less any amounts settled. Crltlcal accounllng ostlmates and arèas of judgement Estimates 8fKI judgem8nts are continually evaluated and are based on historical experience and other factors. including expectatlons of future events that are believed to be reasonable ur¥Jer the circumstances. Pa
Notes to the Financlal Statements for the ear ended 31 December 2023 2. Expendlturo 24) Charitabl• actlvltlos- unrnstricted Unrostrlct•d R•gistratlon 2023 2022 Oirect costs 41.738 41,738 128.678 Staff costs 155.988 155.988 147.352 Allocated ovetheads 136,008 136,008 153.929 Total 333.734 333.734 429,959 R•striGtsd Rfjgistratlon 2023 2022 Dlrect costs 4,345 5.655 Total 4.345 4,345 5,655 2bl G0ManCe costs- unrèstricted 2023 2022 Direct committee costs including travel Independent Examiner'$ Fee Other Costs 12.335 7,713 2,1 3,377 Total 18.085 13,070 Pa
Notes to the Financial Statements for the year ended 31 December 2023 2023 2022 Analysls of allo¢thd overheads Staff costs including travel and weffare Offio running Premises 30,102 67,023 51.170 47.542 14,392 9,711 8,839 Depreaation Professional fees 10.808 11.197 14.734 Trav61 and subsistence 10,635 2.052 In5uranc8 7.433 l.S19 other costs 1.368 1,412 136.(1)8 153.929 3. Not In¢¢mlng resources Is after charglng: 2023 2022 Independent Examiner's Fee 2,190 1.980 2,190 1,980 Staff costs 2023 2022 Salaries Employerfs National Insurance Employefs Penslon Contrfbulons 170,000 10.417 3.491 174.881 10,754 183.908 189,462 Recruttment fees 2,183 186091 214116 The average numb8r of employe8s during the year was 7. (2022.. 6) No employees received annual emoluments exceeding £60,000. Key management personnel The key management per80nnel of the charity comprise the Trustees and Dlrector. The total employee benefrts of the key m8nag8ment personnel of the charity were £55,218. {2022.' £54,868). Page
Notes to the Flnanclal Statements for the ear ended 31 December 2023 5. Pension ¢osts The charge to SOFA is the amount of the ntributIonS payable. The amount of contributions outstanding at the year end was £650 (2022.. £804). 6. Indemnlty Insurance The Ch8rity has Professlonal Llability Insurance cover for Trustees, committee members and $18ff via AXA Insurance UK PLC Associ8tions and Charlues policy. The limit of Indemnity in any one year is £5CN).000 for Ythich a premium of £6.725. was pald {2022'. £515 for £S00.0(Kl) and was renewed for 2023. Trustoes romunwation and dlsbursemenl of expenses The Articles of Assodation pemiit the payment of fees and expenses to trustees whèn ac*ing as examiners and traineTS, et¢. where such expertlse Is in short suppty. Trustees were reimbursed a totsl of £1,375 for travel and subsistence 8XP8nses in 2023 for attendance at trustee meetings and other events12022.' Nil). Tanglble flxed assgts Computer Softwar• OffiGO Computer Equipmont Equipm•nt Total Cost As at 1st Jan 2023 37.060 2,953 14,514 54,527 Addltlons Disposals 120 120 As at 31st Dec 2023 37.060 2,953 14,634 54,647 Dopro¢iation As al 1st Jan 2023 22,591 2.044 11.571 36.206 Charge for the year Disposal¥ 7,412 512 1,787 9.711 As at 31st Dec 2023 30,003 2,556 13,358 45.917 Net Book Value As at 31st Dac 2023 7.057 397 1.276 As at 31st Dec 2022 14,469 18,321 18
Notes to the Financial Statements for the year ended 31 December 2023 Debtors 2023 2022 Trade debtors Prepayments 32.434 5,506 34.488 4.471 37.940 10. Creditors 2023 2022 Trade Creditors Other Tax and Social Securty Accruals Deferred Income 19,919 4,350 2,1Sl 197,219 14,848 3,767 3.479 179,043 223 678 201,137 Amounl d•f¢rr•d In cuff•nt p•rlod 197,219 179,043 Deferred In¢ome at 31 December 2023 197 219 179.043 Deferred income relatss to registration fees invoiced in advance. 11. Flnanclal Instruments The carying amounts of the Charitys financial instruments at 31 December 2023 were: 2023 2022 FINANCIAL ASSETS D8bt instruments measured at amortised cost.. Trdde Debtors 32,434 34,488 TOTAL 32,434 34,488 FINANCIAL LIABIUTIES Measured at amortised cost.. Trdd8 Creditors Accruals 19,919 2,190 14.848 3.479 TOTAL 22,109 18,327 19
Notes to the Financlal Statements for the year ended 31 December 2023 12. Movernonts in funds yoar ended 31 DK•mber 2023 Balancg In¢oming Outyolng Tran8f•rB blhyd resour rèsouKo5 Bolan¢o Unr•4tricted funds.. General funds 252.106 393 397 351.819 293,684 Restrfcted funds: Nation81 Lottery Fund Tolal funds 256 451 393 397 Movemonts In funds year frndod 31 D•cemb•r 2022 Balanc• Incomlng r•8our¢o5 OutgoirwJ Transfers ro$ourco8 Balanc• Unrestrlct•d funds: General funds 312238 382.897 443,029 252.106 Rfj$trlct•d funds: National Lottery Fund 10.000 5.655 4,345 Total funds 312,238 392.897 448.684 256.451 13. Membèrs Ilablllty The company is limited by guarantse and in the event of the winding up of the company, the liability of its members Is1Smited to £1. 14. Related party transactlons Thomas Holroyd, a trustee, is also a registered Sign Language Interpreter with NRCPD. Fees are charged in line with the published price list. Fees charged during the year amounted to £234 (2022 £234) and the balance at 310ecember 2023 was £nil (2022.. £nil). Elisab8tta Cordaro, a trustee. is also a registered Speech to Texi Reporter wlh NRCPD. Fees are charged in line with the published price list. Fees charged during the period amounted to £177 (2022- £177) and the balance at 310ecember 2023 was £nil12022'. £nil). Alan Murray, a trustee, is also a registerèd Sign Language Interpreter with NRCPD. Fees are charged in line with the published pri list. Fees charged during the period amounted to £177 (2022.. £177) and the balance at 31 Decemb8r 2023 vrns £nil12022: nll). Phlllip Rees. a trustee, is also a registered Sign Language Interpreter wtth NRCPD. Fees are charged in line with the published price list. Fees charged during the year amounted to £177 {2022: £177) and the balance at 31 December 2023 was £nil (2022.. £nil). Akbar Sikder. a trustee, is also a registered Sign Language Intseter wtth NRCPD. Fees are charg8d in line with the published pri list. Fees charged during the year amounted to £234 (2022 £234) and the balance at 31 DeGember 2023 was £nil12022: £nil}. Pa 20
Notes to the Financial Statements for the year ended 31 December 2023 15. Roconciliation of not mov•m•nt in funds to nel rAsh flow from oporating activitigs 2023 2022 Net movemerrt in funds Deprec18tion Decrease {Increase) In debtors Increase in creditors 37,233 9,711 1,019 22,541 {55,787} 10.808 (5,282) Net Cash inflow from operating activities 70,504 49.092 16. Analysis of not a880ts betWn fund8J y•ar ond•d 31 December 2023 Unrostrictod Restricted funds funds Totsl funds Fund balances at 31 Dgcemb8r 2023 as represented by.. Investment assets Current assets Current liabilities 8,730 508,632 1223,678) 8,730 508.632 {223,678) 293.684 293,684 Unrestrict•d funds RoStriod funds Total funds Fund balances at 31 December 2022 as represented by: Investment assets Current assets Current liabilili88 18,321 434.922 (201,137) 18,321 439,267 (201,137) 4,345 252,106 4,345 256,451 Pa
Notes to the Financlal Statements for the year ended 31 December 2023 17. Controlllng party NRCPD Trustees are the onty Members of the Charfty and are the Company Directors for the purposes of the Companies Act 2006. There are no ultimate controlling parties or Persons with Significant Control. 22