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2022-03-31-accounts

BOLTON DEAF SOCIETY

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR

THE PERIOD ENDED[1] MARCH 31 2022

Charity number 1191838

1 The accounts cover the period 15[th] October 2020 – 31[st] March 2022

BOLTON DEAF SOCIETY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31 2022

INDEX
Administrative information 1
Trustees’ and Directors’ annual report 2 – 9
Independent examiner’s report 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 13 – 21

BOLTON DEAF SOCIETY ADMINISTRATIVE INFORMATION FOR THE PERIOD ENDED MARCH 31 2022

TRUSTEES Ms R Pickup Chair Mr J Goucher ** Treasurer Ms J Barron Secretary Mr R Bounds Vice Chair Ms A Gavin Ms C Syddall (resigned March 2022) Deaf, ** Hard of Hearing

KEY STAFF Kay Kelly, Strategic Lead (secondment from Walthew House, Stockport – ended 28th February 2022) John Hesketh, Chief Executive Officer (from 1st March 2022) REGISTERED OFFICE AND Bolton Centre for the Deaf PRINCIPAL PLACE OF BUSINESS Bark Street Bolton BL1 2AX INDEPENDENT EXAMINER Stacy Mason FCCA ACCOUNTANTS HGA Accountants & Financial Consultants Ltd t/a Chittenden Horley - Chartered Accountants The Wesley Centre Royce Road, Hulme Manchester M15 5BP BANKERS Royal Bank of Scotland PLC 46 – 48 Deansgate Bolton BL 1 1BH INVESTMENT MANAGERS CCLA Fund Managers Ltd Senator House 85 Queen Victoria Street London EC4V 4ET SOLICITORS Brabners LLP Horton House Exchange Flags Exchange St E Liverpool L2 3YL

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BOLTON DEAF SOCIETY TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE PERIOD ENDED MARCH 31 2022

The trustees present their report together with the financial statements of the charity for the period ended March 31[st] 2022 (covering the establishment of the new charitable incorporated organisation on 15[th] October 2020 and its operation through to 31[st] March 2022).

REPORTING FRAMEWORK

The financial statements comply with the Charities Act 2011, the Constitution, and 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 (FRS102) (effective 1 January 2019), referred to as the Charities SORP (FRS 102) (second edition – October 2019).

OBJECTIVES AND ACTIVITIES

Charitable objects

The main object of the charity is to support, promote, empower and protect the interests of people who are Deaf, deafened and hard of hearing, with a view to enhancing the quality of their lives, optimising their independence and life chances, and helping them find a voice and build capacity for self-representation and self-determination within and beyond their involvement/journey with Bolton Deaf Society.

Towards the period-end, the Board had set upon review and update of Bolton Deaf Society’s charitable objectives as featured in the organisation’s Constitution and registered with the Charity Commission – and it is my expectation that there will be updates to report in 2022/23, aligning our organisational purposes with changed needs in the Deaf community. A substantive study was commissioned from Forever Manchester, in collaboration with Manchester Deaf Centre and Walthew House, through the final weeks of 2021/22 and its findings on post-pandemic issues, priorities and aspirations will help re-set our work and frame organisational and service development plans, performance targets, associated fundraising and financial diversification strategy for the next 3 years.

Activities

Over the last 17 months at Bolton Deaf Society, Trustees, staff and volunteers have worked hard to support the Deaf, deafened and hard of hearing community of our Borough. More particularly, we have:

(Through the height of the pandemic we were, unfortunately, obliged to pause our drop-in hearing aid clinic, larger gatherings at Darby and Joan and Sports and Social Club, services of Holy Communion in the chapel etc.)

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BOLTON DEAF SOCIETY TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE PERIOD ENDED MARCH 31 2022

xiii. provided space in which services from across our Borough (home to 46,500 people living on the hearing loss spectrum) have:

The feedback we have received has been consistently positive, but post-Covid it is clear that we need to grow our profile, build referral networks, trial outreach and face-to-face delivery in other parts of the Borough in the interests of maximising visibility, accessibility and impact – and with the opportunities that will present as our organisation responds to the post-pandemic needs assessment facilitated for us by Forever Manchester with support from Bolton Deaf Society staff, colleagues at Manchester Deaf Centre and Walthew House, will come plentiful scope for growing profile and getter smarter in the approach we take to impact assessment, story-telling and improvement planning. Prioritising these things will help ensure the organisation can build back stronger and go further in 2022/23. Infrastructure development, quality assurance and bench-marking/learning exchange will stand as equally prominent commitments and we will work hard to make the very, very most of the future. In the face of continued inequalities in learning settings and workplaces; escalating Deaf unemployment; ever-more pronounced financial hardship and consequential health inequalities, our organisation must step-up and with new Board, staff and volunteers due, and hopes of funding to facilitate evidence-based organisational and service development, we are determined to be more.

In the meantime, while acknowledging that we have much to do in looking ahead and noting our strong intent, we should also take a line or two here to share some of our service highlights from 2021/22. There’s a great deal to be proud of and much to build on.

In 2021/22:

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BOLTON DEAF SOCIETY TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE PERIOD ENDED MARCH 31 2022

forward. DWP, GPs and Greater Manchester Police are among the others we plan to connect and collaborate with in the next year;

Our organisation covered much ground in spite of Covid and the extensive building renovations necessary – and we are proud of the positive contribution we made in our Borough.

Public benefit

The trustees have had regard to the Charity Commission guidance on public benefit in determining services and activities.

ACHIEVEMENTS AND PERFORMANCE

Governance

In 2020/21, Bolton Deaf Society successfully transitioned into a Charitable Incorporated Organisation, and with this transition came the beginning of a Trustee Skills Audit to help identify learning and professional development priorities for the Board; lived experience, skills and knowledge gaps to shape recruitment plans with continuing organisational and service development, the maximisation of effectiveness and efficiency in leadership in mind; and to grow the breadth of expertise on which the Senior Management Team are able to draw in making decisions, charting a path, breaking new ground, ensuring that impact is strong and legacy is tangible. Again, through 2022/23 it is our expectation that we will be able report on additions to the Board, building on the senior charity management, HR and fundraising competencies already in place; the Sign Language Interpreter skills and networks we can draw upon through our Chair.

Adding to and hopefully strengthening the charity’s governance structure next year will also be a Service-Users’ Reference Group – bringing together a modest cross-section of Deaf, deafened and hard-of-hearing people accessing Bolton Deaf Society facilities, services, projects and activity programmes; people of different age, faith, gender, race and sexual orientation, with experience of additional learning difficulties and disabilities, and financial hardship in hand. They will be a first point of reference for our Trustees in putting new strategy and policy to consultation, refining and improving plans – ensuring that Bolton Deaf Society’s service offer is as relevant, appealing and impactful as possible. Having lived experience help guide our organisation will ensure against mission drift, and as we train founding members of the group in peer consultation and reporting, this new cohort will help extend our engagement and improve the frequency of Deaf-to-Deaf dialogue around all things organisational and service development. More on the Service-Users’ Group will follow next year.

Strategic and operational management

Over this 17-month period, good successes were achieved in:

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BOLTON DEAF SOCIETY TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE PERIOD ENDED MARCH 31 2022

metaphorical helping hand or leg-up; an organisation which is financially stable, well-resourced and ready to start making influential strategic connections hopeful of bettering the life experiences and expectations of local citizens living with hearing loss;

Our Board ended the year feeling that pressing financial challenges of recent years had been addressed, operating and service/project development income secured for a sufficient period (c. 18 months-2 years) to allow for further working on foundationlaying through Board and staff appointments, work on the diversification of income streams, improvement in cost-benefit analysis/social accounting and compelling story-telling around our what, why and to what effect with a view to giving stakeholders and prospective service-users the reassurance needed to work with Bolton Deaf Society for the betterment of Deaf community outcomes. The retention of specialist, skilled staff is key

At the end of March, Trustees were excited and energised by the possibilities looking ahead and this hasn’t always been true in recent years with the multiple and varied challenges they have brought.

Funding

Bolton Deaf Society has experienced difficult times financially over the past few years and in 2019 began to implement a turnaround strategy that would ensure the future of support services for people with hearing loss in Bolton and the surrounding areas. The Society’s response to the Covid pandemic, and how this highlighted the support needs of people with hearing loss strengthened the Society’s case for support considerably. A three-year National Lottery grant was secured from April 2021, to underpin 50% of the charity’s core costs, whilst more diverse and resilient revenue funding is developed. A grant of £25,000 was also secured from Bolton’s Fund towards the cost of the charity’s information and advocacy service, together with a number of smaller Covid-related grants.

More widely, grants have been secured this period from a number of sources:

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BOLTON DEAF SOCIETY TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE PERIOD ENDED MARCH 31 2022

to make the best possible use of space, new functional furniture and equipment, and overdue aesthetic improvements to lift spirits;

The support of these grant funders and all listed in the annual accounts here was hugely appreciated, and as in previous years letters of thanks, update reports with photographs and invitations to visit, see and understand more of the difference they have enabled were issued.

It was to the great credit of our Strategic Lead, Kay, that so many grant successes were achieved in period. Without her hard work and that of our Trustees, Bolton Deaf Society would remain in a challenging position with degrees of uncertainty around different aspects of building/service operation and the future. Thanks were relayed before her leaving, and hers in turn given to the Board.

Returns earned on investments were up by more than 139% on last year, and though the monetary return of £3,197 was quite modest still, this increase in return was a positive reflection on investments being managed well.

Looking ahead to the new financial year causes the present Board some anxiety – Trustees recognising that energy/utility costs, insurances, supplies of one sort and another, tradesperson and professional fees etc are all increasing. The need of growing unrestricted income to keep pace without compromising the positive momentum built over recent years is one priority with which the new CEO must engage – and this is noted here. Due consideration will also need to be given to funding staff salary increases to help Deaf Society employees deal with the personal impacts of inflation.

Capital works

The Deaf Centre remains Bolton Deaf Society’s greatest asset in financial and practical terms. Without it, service delivery would be that much more difficult, and as the year (2021/22) ended works were almost complete on a programme that has - since inception - covered roof refurbishment; the removal of asbestos and hazardous, built-in furniture; remedial works on rising damp; respectful and sensitive works to repurpose our long-standing chapel as a multi-faith, flexible activity space; the creation of additional office space, a small ground floor kitchen – and a discrete room for advocacy service clients; the establishment of new accessible and genderneutral toilets; new plumbing and LED-lighting; a new CCTV system; new fire extinguishers and emergency lighting after many years, and much more. The ground floor at Bolton Deaf Society is transformed and upstairs, the improvements required are now largely cosmetic.

Outside to the rear, some remedial works on the fire escape stairwell, pointing on the brickwork, drains’ realignment and joints’ replacement, new emergency lighting and a handful of minor things beside are needed, and they will be the focus of capital fundraising looking ahead. Improving look, feel, functionality and safety in our building have been and remain priorities for Bolton Deaf Society. All involved have high expectations of themselves and high standards – and so this ethic sets our organisation apart and will continue to do so, boding well for the organisation’s future we hope.

FINANCIAL REVIEW

Overview

The 17 months to March 2022 was a period of consolidation and beginning to build back post-pandemic, through which income recovered well from c£51K in 19/20 to c£298K this period. What the drop in income in 2020/21 highlighted, however – amongst other things – was just how reliant our charity is on often modest and short to medium-term grants that are restricted, and just how hard finding traction and continuing to develop credentials can be when faced with building and staffing pressures. Work on exploring and growing organisational readiness to embrace opportunities of delivering bespoke, commissioned service development work; tender for public service contracts; position and prepare for donor engagement campaigns; run with community fundraising campaigns and so on will feature prominently among the new CEO’s responsibilities going forward to grow Bolton Deaf Society’s sustainability and capacity to withstand quickly increasing operating costs.

Details of the grants received this year are given in notes 2 and 3 to the accounts and expenditure against funds and balances carried forward are shown in note 6 and 7.

Principal funding sources

Through this period (15[th] October 2020 to 31[st] March 2022), Bolton Deaf Society was funded principally through charitable grants:

Charitable and other grants 97.2 %
Donations and legacies 1.5 %
Investment and other income 1.3%

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BOLTON DEAF SOCIETY TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE PERIOD ENDED MARCH 31 2022

Investment policy

The Trustees remain cautious around the charity’s investments and lower yield for greater security remains a compromise with which the Board are content at the end of 2021/22, particularly with so much uncertainty in the economy of the moment and the wider world.

Reserves policy

It is the policy of trustees to hold not more than 10 months’ running costs in free reserves (unrestricted funds not invested in fixed assets or otherwise designated). Free reserves at March 2022 are £163,290 against an agreed budget of £208,900 for 2022/23, which equates to c9.3 months’ operational running costs.

Going concern

The Trustees believe that the charity is on a positive trajectory post-pandemic, and they have no concerns to report here on the organisation’s viability going forward.

FUTURE PLANS

In 2022/23, Bolton Deaf Society is working hard to secure funding that will allow for growth in the capacity of our Accessible Information and Advocacy Team such has been the level of demand this year from Bolton, Greater Manchester and towns/areas beyond – a marker of the strong reputation our qualified and experienced Advocates have grown for their effective assistance in timely resolution of issues over recent years, clients appreciating their manner and commitment to knowledge-building and enabling in the process; also the paucity of service provision in other locations as specialist, Deaf support service providers struggle with the financial pressures bearing down on the third sector during this period of multiple pressures on the economy.

Growing the capacity of this key service will enable more clients to be seen and more people to benefit. It will also enable work on our beginning to evolve the service so that beyond resolution of urgent enquiries and immediately pressing issues, there will be work go on to build the capacity of sports and physical activity service providers and Public Health colleagues in the town to grow their accessibility for and inclusion of people with hearing loss amongst which health inequalities due to service barriers and low spirit, social marginalisation and/or withdrawal are so much greater. The accessible information and advocacy service will transition to a wellbeing service with a focus on providing specialist help and enabling self-help/self-care.

Other plans for organisational and service development will take shape once the Board of Trustees and CEO have completed their self-assessment/governance and leadership improvement planning exercise in the Spring or early Summer – guided by Bolton CVS’s Development Manager, and the needs assessment consultation has completed and been reported upon by Forever Manchester.

These will make clear the priorities around strengthening organisational infrastructure in readiness for growth and building new services responsive to need and set to engage a wider demographic at Bolton Deaf Society, and in outreach settings too given the size of our Borough and people’s growing concerns around the increasing cost of travel and parking as the cost of living crisis begins to take hold and hamper efforts towards self-improvement as well as adversely impacting lives in very many different ways.

This time next year, we hope and expect to have a good mix of impact data and case studies to share across a new range of activities that will grow at a manageable pace and in as sustainable a way as possible.

STRUCTURE GOVERNANCE AND MANAGEMENT

Governing Document

Bolton Deaf Society is a Charitable Incorporated Organisation (CIO), registered charity number 1191838, and is governed by its foundation constitution dated October 15 2020, as amended December 20 2021. The assets, liabilities and operations of the previous unincorporated charity (registered number 215340) were transferred to this CIO on 15[th] October 2020.

Appointment of trustees

Following a comprehensive recruitment process, Trustees are appointed by the Board of Trustees at their meeting and serve for a period of three years before being subject to re-election.

Trustee induction and training

Trustees receive a full induction and training appropriate to their portfolio of responsibilities, general training in good governance and peer support. Already with 2022/23 in mind, it has been agreed that the Board will begin working to a training calendar and business timetable.

Organisation

The charity must have no more than eight and no fewer than three trustees. The charity’s governing document does not specify how often trustees should meet but in practice however meetings are held bi-monthly. The day-to-day management of the charity was delegated to the Strategic Lead (secondment) for much of this period, and will pass fully to the CEO beyond induction.

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BOLTON DEAF SOCIETY TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE PERIOD ENDED MARCH 31 2022

Co-operation with other organisations

The charity works closely with other service providers, including statutory and voluntary organisations in Bolton and the surrounding areas – notably Age UK Bolton, Bolton Carers Support, Bolton Council, Bolton CVS, the Audiology Department at the Royal Bolton Hospital and the Anglican Diocese of Manchester, and once the findings of the post-Covid needs assessment are reported and an outline development plan for the next three years is in place, then our organisation will begin reaching out and working to establish cross-sector relationships which can add value to an evolving service, project and activity offer set to reach further and impact more widely across the Deaf, deafened and hard of hearing community of Bolton – now comprising c. 46,500 people and accounting for 16½% of the local population.

Developmental works that positively impact those our organisation is here to serve will be the main priority of course, but greater collaboration and partnership will help Bolton Deaf Society further its service offer, plug into the wider strategic architecture of which we’re a part, inform, influence and help progress parallel plans with the capacity to redress inequalities across the public service landscape and make services more accessible be they in the advice and guidance field; around legal rights; in relation to learning, work or personal finances; health, housing, leisure or everyday amenities.

After difficult times and financial uncertainty reported on previously, our organisation is now able to start looking up and outwards, appraising and progressing opportunities potentially beneficial to Deaf, deafened and hard of hearing people in this Borough and within the parameters set by charitable objectives.

Trustees are greatly encouraged and look forward to reporting more next year on the returns realised from and gains delivered through smart working with public, private and third sector neighbours sharing our commitment to and responsibility towards uplifting, upskilling and empowering people in greatest need locally, removing system issues that disable in the process and make for shortfall in legal compliance with the provisions and requirements of the Equality Act 2010, the Accessible Information Standards of 2016 and the BSL Act of 2022. Bolton Deaf Society is right behind the Bolton Vision for 2030, and the supporting strategies that sit beneath or aside – and we are excited about the prospect of giving to (knowledge, skills, staff and volunteer time) and gaining from all (in the form of improved life experiences and outcomes across this Borough’s Deaf, deafened and hard of hearing community).

Strategic and operational management

The day-to-day running of the charity was devolved to a Strategic Lead, Kay Kelly, for much of 2020/21/22 , working on secondment from Walthew House (a local charity supporting people with sight and/or hearing loss in Stockport). On the 1[st] March 2022, Bolton Deaf Society’s new Chief Executive Officer, John Hesketh, started in post – joining from Manchester Deaf Centre where he held the Senior Centre Manager role, and as the financial year 2021/22 drew to a close John was set upon orientation with the history of Bolton Deaf Society; its recent successes and challenges in governance and operational terms; the need and scope for building upgrade work and improvement in regulatory policies, procedures, quality assurance and accountability mechanisms.

He was getting to know Trustees, staff, volunteers, external stakeholders (political and non-political) and relevant strategy being delivered across the Borough around education, employment, training, green spaces, health, housing, public transport, regeneration, sport/physical activity and more to set his context and begin building strong working relationships and communication channels that will hopefully serve Bolton Deaf Society well for many years to come. Taking stock, starting to develop infrastructure and process, lay foundations and start gathering information and intelligence that might be helpful in future-shaping for BDS were among his initial priorities.

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BOLTON DEAF SOCIETY TRUSTEES’ AND DIRECTORS’ ANNUAL REPORT FOR THE PERIOD ENDED MARCH 31 2022

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The trustees 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).

Charity 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 Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable Charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVAL

Approved by the Trustees and signed on its behalf by:

Mr Richard Bounds – Vice Chair of the Board of Trustees

Date:

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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BOLTON DEAF SOCIETY FOR THE PERIOD ENDED MARCH 31 2022

I report to the charity trustees on my examination of the accounts of the charity for the PERIOD ended March 31 2022 which are set out on pages 10 to 20.

Responsibilities and basis of report

As the charity’s trustees 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 charity’s accounts carried out under section 145 of the 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

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 respect of the charity as required by section 130 of the Act; or

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

  3. the accounts do not comply with the applicable 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.

Stacy Mason

Stacy Mason FCCA

HGA Accountants and Financial Consultants Ltd t/a Chittenden Horley - Chartered Accountants

The Wesley Centre Royce Road, Hulme Manchester M15 5BP Date: 07/08/2023

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BOLTON DEAF SOCIETY STATEMENT OF FINANCIAL ACTIVITIES (including the income and expenditure account) FOR THE PERIOD ENDED MARCH 31 2022

Notes
INCOME
Donations
2
Charitable activities
3
Other trading activities
4
Investment income
5
TOTAL INCOME
EXPENDITURE
Costs of raising funds
6
Charitable activities
7
TOTAL EXPENDITURE
Net gains/(losses) on investments
12
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS
Transfers between funds
NET MOVEMENT IN FUNDS
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Unrestricted
Funds
£
45,988
-
705
3,141		 Restricted
Restricted
Funds
£
116,109
132,866
-
-		 Total
Total
October 15
2020- March
31 2022
April 1 2020-
October 14
2020
£
£
162,097
34,266
132,866
16,000
705
-
3,141
737
49,834 248,975 298,809
51,003
9,744
(4,408)		 -
261,606		 9,744
1,000
257,198
24,602
5,336
9,965		 261,606
-		 266,942
25,602
9,965
(797)
54,463
2,699		 (12,631)
(2,699)		 41,832
24,604
-
-
57,162
231,621		 (15,330)
67,034		 41,832
24,604
298,655
274,051
288,783 51,704 340,487
298,655

The notes on pages 13 - 21 form part of these financial statements.

The comparative figures are those of the predecessor charity.

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BOLTON DEAF SOCIETY BALANCE SHEET AS AT MARCH 31 2022

Notes
FIXED ASSETS
Tangible Assets
11
Investments
12
CURRENT ASSETS
Debtors
13
Cash at Bank and in Hand
CREDITORS
Amounts falling due in one year
14
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted
15
Restricted
15
TOTAL FUNDS		 31st March
2022
£
4,801
130,848		 3st March
2022
14th
October
2020
14th
October
2020
£
£
£
124,327
122,721
89,210
29,245
213,537
151,966
1,620
146,069
147,689
1,000
126,950
146,689
340,487
298,655
288,783
231,621
51,704
67,034
340,487
298,655
135,649
8,699

The notes on pages 13 to 21 form part of these financial statements.

Approved by the Trustees and authorised for issue on: 7[th] August 2023

And signed on their behalf by:

Mr Richard Bounds – Vice Chair of the Board of Trustees

The comparative figures are those of the predecessor charity.

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BOLTON DEAF SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31 2022

1 ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared: under the historic cost convention, as modified by the revaluation of investments (as set out below) through the statement of financial activities; in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective January 1 2019 (second edition – October 2019); and the Charities Act 2011 and UK Generally Accepted Practice.

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The charity constitutes a public benefit entity as defined by FRS102.

The financial statements are prepared in £ sterling, the functional currency of the charity.

Merger accounting

The charity was established to take over the assets, liabilities and operations of the unincorporated charity of the same name (number 215340) with identical trustee bodies. The transfer was completed on April 1 2021. The accounts have therefore been prepared on the merger basis and the comparative figures are those of the predecessor charity.

Estimates and judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The following applies to particular types of income:

Grants , whether of a capital or revenue nature, are recognised when the charity has entitlement to the funds, any performance conditions have been met and it is probable that the income will be received.

Donations from individuals and other bodies (not being of the nature of a grant) are recognised when receivable.

Earned income is measured at the fair value of the consideration received or receivable for services and goods supplied, net of discounts and VAT.

Deferred income

Income is only deferred and included in creditors when:

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 the settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of raising funds - including those associated with fundraising activities and managing investments Charitable activities - costs of undertaking the work of the charity.

The charity is not registered for VAT and cannot recover any input tax charged. Costs are stated inclusive of VAT were charged.

Allocation of support costs

Support costs are those functions which assist the work of the charity either by supporting the delivery of charitable activities or by supporting the generation of funds. They include back office functions, staff costs, management support, insurance and professional fees. The basis of allocations is set out in note 8.

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BOLTON DEAF SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31 2022

1 ACCOUNTING POLICIES (continued)

Pension contributions

The charity operates a defined contribution pension scheme for its employees, agreeing the contribution rates with each individual. The contributions are paid to a third party who invests the contributions in a money purchase plan. Contributions are charged to the SoFA as they become payable.

Tangible fixed assets and depreciation

Individual fixed assets costing more than £1,000 are capitalised at cost and are depreciated over their estimated useful lives on a straight line basis as set out below.

The leasehold land and buildings are held on leases dating from the 19[th] century which are exceptional in that they are for 5,000 and 4,900 years. The Trustees have taken the view that the that given the length of the leases the cost effectively represents the value of the land on which the buildings sit. As land does not itself depreciate, and given the unexpired term of the lease, it is currently equivalent to holding a freehold title, and therefore no depreciation should be charged.

Depreciation rates for other assets are as follows:

Fixtures and fittings 25% reducing balance Computer equipment 25% reducing balance

Investments, gains and losses

Fixed assets investments are a form of basic financial instrument and are initially recorded at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The SoFA includes the net gains and losses arising on revaluation and on disposals throughout the PERIOD.

Gains and losses on are taken to the Statement of Financial Activities as they arise. Realised gains and losses are calculated as the difference between sale proceeds (net of transaction costs) and the opening carrying value or cost, if acquired during the PERIOD. Unrealised gains and losses are calculated on the difference between opening and closing fair values.

Debtors

Trade and other debtors are recognised at the settlement amount due and prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and 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.

Creditors and provisions

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.

Financial instruments

The charity has only basic financial instruments which are initially recorded at cost, and with the exception of investments (as set out above) subsequently measured at their settlement value.

Statement of cashflows

Advantage is taken of the exemptions in the SoRP not to present a statement of cashflows.

14

BOLTON DEAF SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31 2022

15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total
2 DONATIONS & LEGACIES
£
£
£
Revenue grants - covid support
Bolton CVS
-
-
Bolton Council
22,304
-
22,304
Barnes Cotton Districts Trust
-
-
-
Forever Manchester
-
-
-
Francis Wenham Foundation
-
-
-
HMRC - CJRS
291
-
291
Truemark Trust
-
-
-
UKH Foundation
-
-
-
22,595
-
22,595
Other revenue grants
Access to work
-
3,907
3,907
Bradshaw Gass Trust
2,385
-
2,385
Dixie Rose Findley Trust
-
-
-
Eric Wright Charitable Trust
5,000
-
5,000
Mrs E L Flemming Charitable Trust
-
-
-
The Arnold Clarke Comm. Fund
1,000
-
1,000
The Foyle Foundation
5,000
-
5,000
The Marsh Christian Trust
400
-
400
W O Street Charitable Foundation
5,000
-
5,000
Woodroffe Benton Foundation
-
-
-
18,785
3,907
22,692
Grants - Refurbishment & furniture
Beatrice Laing Charitable Trust
-
2,500
2,500
Bernard Sunley Foundation
5,000
5,000
Bradshaw Gass Trust
-
3,500
3,500
Bruce Wake Charitable Trust
-
2,000
2,000
Dow. Countess Eleanor Peel Trust
-
10,000
10,000
Duchy of Lancaster Benevolent
-
2,000
2,000
DWF Charitable Foundation
-
2,000
2,000
Liverpool & Skelton Charity
-
1,000
1,000
Skipton Building Soc. Charitable Foundation
2,250
2,250
Sobell Foundation
-
-
-
The Albert Hunt Trust
-
-
-
The Clothworkers Foundation
-
35,000
35,000
The National Lottery
-
46,952
46,952
W G Edwards Foundation
-
-
-
-
112,202
112,202
Donations & legacies
Donations - building work
-
-
-
Donations - General
4,608
-
4,608
Legacies
-
-
-
4,608
-
4,608
45,988
116,109
162,097		 15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total		 15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total		 15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total		 Unrestricted
Restricted
Total
1st April - 14th October 2020		 Unrestricted
Restricted
Total
1st April - 14th October 2020
£
22,304
-
-
-
291
-
-		 £
-
-
-
-
-
-
-
-		 £
-
22,304
-
-
-
291
-
-		 £
1,000
10,000
2,000
1,500
2,000
870
5,000
6,000		 £
£
-
1,000
-
10,000
-
8
-
1,500
-
2,000
-
870
-
5,000
-
6,000
22,595 - 22,595 28,370 -
26,378
-
2,385
-
5,000
-
1,000
5,000
400
5,000
-		 3,907
-
-
-
-
-
-
-
-
-		 3,907
2,385
-
5,000
-
1,000
5,000
400
5,000
-		 -
2,503
-
-
-
-
-
-
500		 -
-
-
2,503
-
-
-
-
-
-
-
-
-
-
-
-
-
500
18,785 3,907 22,692 3,003 -
3,003
2,500
5,000
3,500
2,000
10,000
2,000
2,000
1,000
2,250
-
-
35,000
46,952
-		 2,500
5,000
3,500
2,000
10,000
2,000
2,000
1,000
2,250
-
-
35,000
46,952
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
88
-
-
-
-
-
-
-
-
-
-
-
-
1,250
1,250
- 112,202 112,202 - 1,250
1,338
-
4,608
-		 -
-
-		 -
4,608
-		 -
1,643
-		 -
-
-
1,643
-
-
4,608 - 4,608 1,643 -
1,643
45,988 116,109 162,097 33,016 1,250
32,362

15

BOLTON DEAF SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31 2022

15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total
£
£
£
3 INCOME FROM CHARITABLE ACTIVITIES
Big Lottery Community Fund
-
50,000
50,000
Accessible Information Service:
Big Lottery - Awards for All
-
-
-
Big Lottery Community Fund
-
-
-
Bolton Council
-
-
-
Bolton's Fund
-
25,000
25,000
Boshier Hinton Foundation
-
3,250
3,250
Comic Relief
-
-
-
CRH Charitable Trust
5,000
5,000
Edward Gostling Foundation
-
-
-
Forever Manchester
-
5,000
5,000
Garfield Weston Foundation
-
-
-
Sir James & Lady Scott Trust
-
3,000
3,000
Lennox Hannay Charitable Trust
-
1,000
1,000
Lynn Foundation
-
-
-
Sobell Foundation
10,000
10,000
The Albert Hunt Trust
-
2,000
2,000
The Provincial Trust
-
1,500
1,500
The Hedley Foundation
950
950
Zochonis Charitable Trust
-
10,000
10,000
-
66,700
66,700
Other grants:
Barchester Charitable Foundation
-
500
500
Bolton CVS
-
4,200
4,200
Deaf Bingo
-
300
300
Garfield Weston Foundation
-
10,000
10,000
Groundwork UK - Befriending
-
1,166
1,166
-
16,166
16,166
Other income:
Interpreting
-
-
-
Café
-
-
-
-
-
-
Total
-
132,866
132,866		 15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total		 15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total		 15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total		 Unrestricted
Restricted
Total
1st April - 14th October 2020		 Unrestricted
Restricted
Total
1st April - 14th October 2020
£
50,000		 £
50,000		 £
-		 £
£
6,500
6,500
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
25,000
3,250
-
5,000
-
5,000
-
3,000
1,000
-
10,000
2,000
1,500
950
10,000		 -
-
-
25,000
3,250
-
5,000
-
5,000
-
3,000
1,000
-
10,000
2,000
1,500
950
10,000		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
8
-
-
-
-
-
-
1,000
1,000
-
-
-
-
5,000
5,000
-
-
3,000
3,000
-
-
500
500
-
-
-
-
-
-
-
-
- 66,700 66,700 - 9,500
9,508
-
-
-
-
-		 500
4,200
300
10,000
1,166		 500
4,200
300
10,000
1,166		 -
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
- 16,166 16,166 - -
-
-
-		 -
-		 -
-		 -
-		 -
-
-
-
- - - - -
8
- 132,866 132,866 - 16,000
16,016

4 INCOME FROM OTHER TRADING ACTIVITIES

Fundraising

Room hire
Total
5 INVESTMENT INCOME
Income from listed investments
Bank interest		 705 - 705 - -
-
705 - 705 - -
-
3,141 -
-		 3,141
-		 695
41		 -
695
-
41
3,141 - 3,141 736 -
736

16

BOLTON DEAF SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31 2022

6 COSTS OF RAISING FUNDS
Direct staff costs
Other fundraising costs
Support costs		 15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total		 15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total		 15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total		 Unrestricted
Restricted
Total
1st April - 14th October 2020		 Unrestricted
Restricted
Total
1st April - 14th October 2020
£
-
8,744
1,000		 £
-
-		 £
-
8,744
1,000		 £
-
-
1,000		 £
£
-
-
-
-
-
1,000
9,744 - 9,744 1,000 -
1,000

8

15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total
7 CHARITABLE EXPENDITURE
£
£
£
Salary costs
38,927
-
38,927
Freelance costs
2,310
-
2,310
Interpreters
1,810
-
1,810
Other direct costs
1,298
-
1,298
Premises
159,784
-
159,784
Volunteer expenses
563
-
563
Depreciation
1,093
-
1,093
Support and governance costs
51,413
51,413
Allocated to restricted funds
(261,606)
261,606
-
(4,408)
261,606
257,198
Fund
Raising
Charitable
Total
£
£
£
8 SUPPORT & GOVERNANCE COSTS
Support costs
Staff costs
-
-
-
Management support
1,000
24,105
25,105
Insurance
-
5,022
5,022
Office costs & other costs
-
7,681
7,681
1,000
36,808
37,808
Governance costs
Professional fees
-
14,605
14,605
Office costs & other costs
-
-
-
14,605
14,605
Total support costs
1,000
51,413
52,413
15th Oct 2020-31st March 2022		 15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total		 15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total		 15th Oct 2020-31st March 2022
Unrestricted
Restricted
Total		 Unrestricted
Restricted
Total
1st April - 14th October 2020		 Unrestricted
Restricted
Total
1st April - 14th October 2020
£
38,927
2,310
1,810
1,298
159,784
563
1,093
51,413
(261,606)		 £
-
-
-
-
-
-
-
261,606		 £
38,927
2,310
1,810
1,298
159,784
563
1,093
51,413
-		 £
6,827
-
150
396
2,863
640
426
13,300
(24,176)		 £
£
-
6,827
-
-
-
150
-
396
-
2,863
-
640
-
426
-
13,300
24,176
-
(4,408) 261,606 257,198 426 24,176
24,602
Fund
Raising
Charitable
Total
15th Oct 2020-31st March 2022		 Fund
Raising
Charitable
Total
1st April - 14th October 2020
£
-
24,105
5,022
7,681		 £
-
25,105
5,022
7,681		 £
-
1,000
-
-		 £
£
5,498
5,498
4,777
5,777
1,726
1,726
739
739
1,000 36,808 37,808 1,000 12,740
13,740
-
-		 14,605
-		 14,605 - 8
360
360
200
200
- 14,605 14,605 - 560
560
1,000 51,413 52,413 1,000 13,300
14,300

Costs that can be wholly attributed to either support or governance are allocated directly to those functions, and other costs are allocated either on the basis of the estimation of time spent (freelance staff) or consumption of resources (office costs).

Support and governance costs are then allocated between costs of raising funds and charitable activities on the basis of the estimation of the use of resources, using a standard percentage method.

17

BOLTON DEAF SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31 2022

9 NET INCOMING RESOURCES AFTER TRANSFERS
This is stated after charging/(crediting):
Accountant/Independent examiner's fees (inc VAT)
Report
Accountancy (including charges for prior year)
Depreciation charged on fixed assets
Directors' remuneration & trustees' expenses
10 STAFF COSTS
a Staff costs
Salaries and wages
Social security costs
Pension costs		 15th
October
2020-31st
March 2022
1st April -
14th October
2020
£
£
1,190
390
1,730
2,530
1,093
426
-
-
8
38,927
12,325
-
-
-
-
38,927
12,325

No employee earned more than £60,000 in either year.

b Key management personnel

The key management personnel comprise the trustees. Chief executive and consultancy services have been provided by another charity which has charged for its member of staff's time. The trustees do not receive any remuneration for their services.

The average number of employees during the year was:
Charitable		 15th
October
2020-31st
March 2022
1st April -
14th October
2020
Average
Average
number
number
2
2
2
2

18

BOLTON DEAF SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31 2022 11 TANGIBLE FIXED ASSETS

Long leasehold

Cost
As at October 14 2020
Additions/(Disposals)
As at March 31 2022
Depreciation
As at October 14 2020
Charge for the year
As at March 31 2022
Net Book Value
As at March 31 2022
As at October 14 2020
12 INVESTMENTS
Market value brought forward
Additions at cost
Net gains/(losses)
Market value carried forward
Investments are represented by:
COIF Charity Funds
13 DEBTORS
Prepayments & other debtors
14 CREDITORS falling due within one year
Social security and other taxes
Accruals		 land &
buildings
£
120,000
-		 Fixtures &
fittings
£
4,406
2,699		 Computer
equipment
Total
£
£
4,351
128,757
-
2,699
120,000 7,105 4,351
131,456
-
-		 3,139
585		 2,897
6,036
509
1,093
- 3,724 3,405
7,129
120,000 3,381 946
124,327
120,000 1,267 1,455
122,721
31st March
2022
£
29,245
50,000
9,965		 14th
October
2020
£
30,042
-
(797)
29,245
30,042
30,042
1,620
1,620
-
1,000
1,000
89,210
89,210
89,210
4,801
4,801
976
7,723
8,699

19

BOLTON DEAF SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31 2022

15 STATEMENT OF FUNDS
Unrestricted Funds:
General fund
Restricted Funds:
Access to work
Refurbishment and furniture:
Loops
Other funding
Big Lottery Community Fund
Accessible Information Service
Other grants
Total Funds		 Balance
01/04/2021
£
231,621		 Income
£
49,834		 Expenditure
£
(5,336)		 Gains &
Losses
£
9,965		 Balance
Transfers
31/03/2022
£
2,699
288,783
231,621 49,834 (5,336) 9,965 2,699
288,783
-
-
21,043
20,129
25,862
-		 3,907
2,250
109,952
50,000
66,700
16,166		 (3,907)
(1,552)
(129,861)
(55,909)
(63,581)
(6,796)		 -
-
-
-
-
-		 -
-
-
698
(1,134)
-
-
14,220
(1,565)
27,416
-
9,370
67,034 248,975 (261,606) - (2,699)
51,704
298,655 298,809 (266,942) 9,965 -
340,487

Transfers

Transfers have been made from restricted to unrestricted funds in respext of fixed assets purchasd in the year.

Restricted funds carried forwarded

Loops Costs of upgrading the loop system Big Lottery Community Fund Deaf Centre running costs Accessible Information Service Future costs of service. Other grants Garfield Weston Foundation £6,010 for future fixed cost, Bolton Fund £3,360 for making the most of your hearing

The funds are expected to be spent in 2022/2023

For the prior period
Unrestricted Funds:
General fund
Restricted Funds:
Refurbishment and furniture
Big Lottery Community Fund
Accessible Information Service
Other grants
Total Funds		 Balance
01/04/2020
£
200,091		 Income
£
33,753		 Expenditure
£
(1,426)		 Gains &
Losses
£
(797)		 Balance
Transfers
14/10/2020
£
-
231,621
200,091 33,753 (1,426) (797) -
231,621
19,793
29,792
24,375
-		 1,250
6,500
9,500
-		 -
(16,163)
(8,013)
-		 -
-
-
-		 -
21,043
-
20,129
-
25,862
-
-
73,960 17,250 (24,176) - -
67,034
274,051 51,003 (25,602) (797) -
298,655

Restricted funds carried forwarded to 21/22

Refurbishment and furniture Accessible Information Service Other grants

Future repairs, renewals and purchases of furniture Future costs of service.

Garfield Weston Foundation £10,000 for 21/22 fixed costs and Bolton Fund £3,360 for making the most of your hearing.

20

BOLTON DEAF SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED MARCH 31 2022

16 ANALYSIS OF COMPANY NET ASSETS BETWEEN FUNDS

Fund balances at March 31 2022 are represented by:-
Tangible fixed assets
Investments
Net Current assets
Fund balances at October 14 2020 are represented by: -
Tangible fixed assets
Investments
Net Current assets		 Unrestricted
Funds
£
124,327
89,210
75,246		 Restricted
Funds
Total
£
£
-
124,327
-
89,210
51,704
126,950
288,783 51,704
340,487
122,721
29,245
79,655		 -
122,721
-
29,245
67,034
146,689
231,621 67,034
298,655

17 TAXATION

The Company is a registered charity and is entitled to claim annual exemption from UK corporation tax.

18 CAPITAL COMMITMENTS

There were no capital commitments authorised and contracted for at the end of the year (2021 £Nil).

21